ilmscore | 8 Money Habits That Keep You Poor (STOP SELF SABOTAGE)

8 Money Habits That Keep You Poor (STOP SELF SABOTAGE)

Published: 2020-06-26
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
In 2020, the average American household had over $5,700 in credit card debt.
"as of 2020 the average American household had a credit card debt of over five thousand seven hundred dollars"
Personal Finance
Pending
Investing $100 per month for 30 years at a 7% annual return could result in $116,945 in a retirement fund.
"if you invested $100 a month for 30 years at 7% annual return you would have a hundred and sixteen thousand nine hundred and forty-five dollars set aside in your retirement fund"
Retirement Savings
Pending
Delaying retirement investing by 10 years, and investing the same amount ($100/month) for 20 years, could result in only $50,000 in a retirement fund, significantly less than starting earlier.
"if you put off investing in your retirement let's say 10 years and you start investing in the same amount for a 20-year period wait for it you're only going to have $50,000 in your retirement fund"
Retirement Savings
Pending
More than 60% of Millennials would be unable to cover a $1,000 emergency expense.
"over sixty percent of Millennials wouldn't be able to cover $1,000 emergency"
Emergency Funds
Pending
Most new cars experience rapid depreciation, losing significant value quickly.
"Most cars have a very sharp depreciation curve meaning they lose their value extremely quickly"
Car Depreciation
Pending
It's financially unadvisable for most people to get married in their twenties.
"many people in their 20s want to get married but again the truth is you can't afford to get married in your twenties"
Relationships
Pending