Per
Personal Finance Strategy
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 25
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Once sufficient savings are achieved, shifting focus from extreme frugality to spending for enjoyment can significantly enhance daily life.
"if you've saved enough, being frugal to the point where you can start spending more money, then it's..."
Dec 22, 2025
Correct
A recommended financial strategy is to spend no more than 75% of earned income.
"You only want to spend no more than 75 cents of every dollar that you earn."
Oct 14, 2025
Correct
An improved credit score and income after 1.5 years on a car loan can allow for refinancing to a lower interest rate, with new banks potentially covering the remaining loan balance.
"After 1.5 years into that car loan, your credit score has increased as has your income. There are op..."
Aug 17, 2025
Correct
Reallocating time from passive activities (like watching Netflix) to learning can significantly alter one's financial trajectory and wealth-building potential.
"if you can reallocate that asset it costs you nothing to do so but it can completely change the traj..."
Feb 7, 2025
Pending
Adopt the 75/15/10 rule: spend a maximum of 75%, invest a minimum of 15%, and save a minimum of 10% of all earned income.
"For every dollar that you earn from here on out 75 is the maximum that you can spend 15 cents is the..."
Sep 25, 2024
Pending
A 'decade of sacrifice' strategy involves 10 years of reduced spending and increased earning to aggressively invest.
"the decade of sacrifice is you put in 10 years spending less earning more so you can invest like cra..."
Jul 23, 2024
Pending
A key principle for sophisticated and protected investors is to live off of the income generated by their investments, rather than drawing down on their equity.
"live off of the income not the equity"
Jul 14, 2024
Pending
Building wealth will become more challenging due to ongoing inflation, requiring increased financial seriousness and action.
"if you really want to build wealth you got to get serious about that it's only going to get more dif..."
Jul 11, 2024
Pending
For the past 10 years, the speaker has avoided 'dumb purchases' to prioritize building their business, portfolio, and wealth.
"for the last 10 years that has been my thing that I'm not going to spend money on these what I call ..."
Apr 3, 2024
Pending
Establishing an emergency fund of $2,000 as quickly as possible is the initial step in wealth building.
"The first thing you got to do is you got to give yourself a $2,000 cushion you got got to save $2,00..."
Jan 1, 2024
Pending
Controlling spending by avoiding interest rates, liabilities, and debt for non-income-generating purchases is essential.
"The fifth thing that you got to do is you got to get your spending under control that means no more ..."
Jan 1, 2024
Pending
Implementing a budgeting system like the 75/15/10 plan (75% spending, 15% investing, 10% saving) is recommended for managing income.
"The fourth thing that you got to do now is you need to start creating a system for your money... a s..."
Jan 1, 2024
Pending
Tracking income and expenses through a spreadsheet or similar tool is a crucial step in understanding one's financial situation.
"The third thing you got to do now is you got to track your money get a Google sheet get a piece of p..."
Jan 1, 2024
Pending
Aggressively paying off high-interest debts like credit cards and payday loans is the second priority in wealth building.
"then the second thing you got to do is you got to pay down your high interest debts your credit card..."
Jan 1, 2024
Pending
The 50/30/20 rule suggests allocating 50% of income to needs, 30% to wants, and 20% to savings.
"50% needs 30% wants and 20% savings"
Dec 20, 2023
Pending
The 'zero budget' method aims to allocate every dollar of income to an expense, resulting in a zero balance.
"with this strategy the goal is that every single month your income and expenses should equal absolut..."
Dec 20, 2023
Pending
Maintaining a 20% savings rate could allow for retirement in 37 years without lifestyle changes.
"if you could just stick with the 20% savings rate you could theoretically be able to retire in 37 ye..."
Dec 20, 2023
Pending
A recommended financial plan is to spend a maximum of 75% of earnings, invest a minimum of 15%, and save a minimum of 10% of every dollar earned.
"for every dollar you earn from now on anytime you earn a penny or a dollar it's going to flow throug..."
Nov 19, 2023
Pending
For younger individuals without financial responsibilities, a suggested financial plan is to spend a maximum of 50% of earnings, invest a minimum of 30%, and save a minimum of 20%.
"for every dollar that you earn you can spend a maximum of 50 cents you should be investing a minimum..."
Nov 19, 2023
Pending
Conforming to societal norms leads to widespread financial struggles and dissatisfaction.
"if you keep doing what everybody else does you're going to end up like everybody else and today what..."
Oct 20, 2023
Pending
Wealthy individuals prioritize converting income into assets by minimizing spending, a strategy key to building wealth.
"The key now to becoming wealthy is to understand the financial statements of a wealthy person becaus..."
Oct 11, 2023
Pending
2023 is recommended as a year for financial prudence, saving cash, and focusing on financial education rather than major purchases like new vehicles.
"2023 is not the year for you to go out and finance a new truck 2023 is the year for you to go out an..."
Sep 19, 2023
Pending
Investing more upfront in a known effective product or service will be more cost-effective in the long run than trying multiple cheaper options.
"I pay a bit more upfront on something if I know it means it's going to work and that's a lot more co..."
Aug 6, 2023
Pending
The speaker plans to utilize others' strengths as a strategy to reach a million dollars, highlighting a past instance where this approach saved them £30,000 in one hour.
"I will be doing to get to that million dollar mark is utilising other people strengths - and this is..."
Nov 10, 2022
Pending
The primary financial focus for the next 1-2 years should be on maintaining employment and maximizing income to be prepared to invest in potential market downturns.
"I think the main focus for everyone should simply be to stay employed and do your best to maximize y..."
Oct 19, 2022
Pending
Tracking all expenses for 60 days is a highly effective strategy to get ahead of most of the US population.
"I guarantee you're going to be ahead of 99 to the US population because truth be told almost Nobody ..."
Jun 27, 2022
Pending
Saving approximately 10% of income is achievable through diligent expense tracking and spending adjustments.
"I guarantee one hundred percent that if you could just do this one step you'll be able to cut back w..."
Jun 27, 2022
Pending
Borrowing money is only advisable if it generates more money than it costs, or if purchasing an item will yield a return.
"if holding on to debt does not make you money then always avoid it or if buying something is not goi..."
Apr 6, 2022
Pending