ilmscore | How To Save $100,000 FAST | Money Saving Tips For Beginners

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Paying off high-interest debt is equivalent to a 20% return on investment.
"By paying that off that was like getting a 20% return on the stock market which is pretty spectacular."
Debt Reduction
Pending
A strategy of buying cars after they've depreciated significantly, driving them, and then selling them for the purchase price or more, effectively making the car usage free aside from fuel costs.
"i would buy a car once it lost most of its value i'd drive it around for a while and then sell it for the exact amount that i bought it for and sometimes even more so effectively the cars i drove were free the only cost was fuel"
Car Hacking
Pending
Branded and store-brand cold and flu tablets can be identical in composition and manufacturing origin, with price differences solely due to branding.
"i looked the other day and the branded cold and flu tablets and walmart's own brand cold and flu tablets both had the same pl number this means they were both made in the same factory but it had a three dollar difference"
Pharmaceuticals
Pending
Using equity from a rental property to leverage a business loan, even after initial rejections.
"i then use that cash and my apartment as leverage to get a business loan i was turned down a few times but i eventually managed to get one"
Real Estate Investment
Pending
A business, funded by a loan secured by real estate, was profitable enough to repay the debt and achieve debt-free status within one year.
"i started my shop and within a year i paid the full debt back and was debt free once again"
Real Estate Investment
Pending
Invested $100,000 in purchasing their childhood home as real estate.
"i spent a hundred thousand dollars on my next piece of real estate which was actually my childhood home"
Real Estate Investment
Pending