ilmscore | How To Retire Before 99% of People (Starting With $0)

How To Retire Before 99% of People (Starting With $0)

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The 'rule of 300' suggests multiplying monthly expenses by 300 to determine required retirement savings.
"you just need to focus on the role of 300. this rule is so powerful that it allows you to jump forward in time and calculate how much money future you will need to quit your job and still pay the bills it's simple all you have to do is add up your monthly expenses and multiply them by 300."
Retirement Savings Rule
Pending
Illustrates the 'rule of 300' by showing that $1000 in monthly expenses requires $300,000 in savings for retirement.
"this means if you currently spend one thousand dollars per month then you'll need three hundred thousand dollars saved"
Retirement Savings Example
Pending
Illustrates the 'rule of 300' by showing that $1500 in monthly expenses requires $450,000 in savings for retirement.
"if you spend fifteen hundred dollars a month this will mean you need four hundred and fifty thousand dollars in your account"
Retirement Savings Example
Pending
Illustrates the 'rule of 300' by showing that $3000 in monthly expenses requires $900,000 in savings for retirement.
"if you spend three thousand dollars a month you'll require nine hundred thousand dollars"
Retirement Savings Example
Pending
Suggests that due to compound interest, a target of $900,000 in retirement needs can be achieved by saving around $110,000.
"let's say you do need nine hundred thousand dollars you don't have to save all of that I'll reveal later how you can use the power of compound interest and only have to save around a hundred and ten thousand"
Required Savings for Retirement
Pending
Explains that the 'rule of 300' for retirement planning assumes a 4% annual safe withdrawal rate.
"the rule of three hundred is based on the ability to safely withdraw four percent per year from your savings"
Safe Withdrawal Rate
Pending
States that the S&P 500 index has historically provided an average annual return of 8%.
"which is historically averaged a return of eight percent per year"
SPX
Pending
Projects that investing $200 monthly for 45 years with an 8% annual return will lead to over $1.05 million.
"if you were to invest two hundred dollars per month for 45 years which equates to a hundred and eight thousand dollars an average return of eight percent per year then you would have a total of one million fifty four thousand nine hundred and seven dollars"
Retirement Savings Projection
Pending
A promotional offer for the Lightyear app: use the code 'tillbreed' to get a $10 fractional share after making an initial investment.
"Use my code tillbreed and receive a 10 fractional share after making your first investment"
Lightyear App Offer
Pending