ilmscore | If I Started From Scratch Again, I’d Do This

If I Started From Scratch Again, I’d Do This

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The speaker became a millionaire in their early twenties.
"and when I became a millionaire in my early twenties I was happy that I proved my teachers wrong"
Personal Wealth
Pending
An investment of $10,000 could potentially yield $100,000.
"however if you invested it correctly you could use that ten thousand to make a hundred thousand dollars"
Investment Return
Pending
Becoming a plumber after spending $1,000 on a qualification could lead to earnings of over $5,000 per month.
"if you you decide to go down this path it might make sense to spend a thousand dollars to get a qualification and then start making upwards of five thousand dollars a month"
Plumbing Services
Pending
Investing in the stock market early is expected to compound over time.
"this isn't likely to make you rich in the short term but if you begin early enough then in later years it will start to compound"
Investment Compounding
Pending
It is possible to earn interest on uninvested funds in EUR, USD, and GBP.
"you can also earn interest on your uninvested money in three currencies the euro dollar and pound"
Interest on Uninvested Money
Pending
An investment portfolio typically yields around 8-10% annually.
"this is normally around eight to ten percent"
Investment Yield
Pending
One can spend up to 10% of their invested portfolio value annually without significant concern, e.g., $100,000 from a $1 million portfolio.
"for example if you have one million dollars invested then you'd be able to spend up to ten percent of that value which is a hundred thousand dollars per year"
Spending from Investments
Pending