ilmscore | Want To Be Rich? DON'T Save Money.

Want To Be Rich? DON'T Save Money.

Published: 2023-10-05
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The S&P 500 is expected to provide an average annual return of 8-10% over the long term, based on historical data from the last 100 years.
"the markets will historically give you an average yearly return of 8 to 10% which would be a good option for most people of course this isn't guaranteed but if we look at the last 100 years of data it seems pretty reliable"
^GSPC
Pending
The US Dollar is predicted to lose 1.5% of its value annually due to inflation.
"that $1.5 million would buy you less than the original $10,000 would today because even though it's had all that time to build up it's been losing 1.5% in value every single year"
USD
Pending
The reported inflation rate for the US Dollar at the time of filming was 3.67%, with an indication that the actual rate might be higher.
"at the time of shooting this video the rate of inflation is reported to be 3.67% in the USA But in reality it's probably a lot higher than this"
USD
Pending
The value of the US Dollar is continuously decreasing.
"the main point is that your money is becoming less and less valuable by the second"
USD
Pending
It is possible to earn up to 4.5% interest on Great British Pounds held in a multicurrency account.
"ideally at rates of up to 4.5% for the Great British pound and US dollar"
GBP
Pending
It is possible to earn up to 4.5% interest on US Dollars held in a multicurrency account.
"ideally at rates of up to 4.5% for the Great British pound and US dollar"
USD
Pending
It is possible to earn up to 3.25% interest on Euros held in a multicurrency account.
"and 3.25% on your Euro account"
EUR
Pending
Tesla's stock price increased from $700 to approximately $900 between August and October 2021.
"between August and October 2021 Tesla stock jumped from $700 to near $900"
TSLA
Pending
The average interest rate for savings accounts is 0.06%.
"the aage average saving account interest rate is 0.06%"
USD
Pending