ilmscore | Why EVERYTHING Changes After $100K (& How To Reach It)

Why EVERYTHING Changes After $100K (& How To Reach It)

Published: 2023-11-20
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
An initial investment of $10,000 in an S&P 500 Index Fund with a 7% average yearly return is projected to grow to $14,175 after 5 years.
"let's say you invest 10K in an S&P 500 Index Fund and get an average yearly return of 7% which has historically been the amount investors can expect after 5 years your money will have grown from $10,000 into $14,175"
SPX
Pending
It is predicted to take 5.1 years to grow net worth from $100,000 to $200,000, assuming consistent investment growth.
"however going from 100K to 200k will only take 5.1 years"
SPX
Pending
It is predicted to take 3.78 years to grow net worth from $200,000 to $300,000, assuming consistent investment growth.
"if we expand things to go from 200k to 300K only takes 3.78 years"
SPX
Pending
It is predicted to take 3 years to grow net worth from $300,000 to $400,000, assuming consistent investment growth.
"then 300K to 400k takes 3 years"
SPX
Pending
It is predicted to take 2.5 years to grow net worth from $400,000 to $500,000, assuming consistent investment growth.
"and 400k to half a million is only 2.5 years"
SPX
Pending
A $100,000 investment in an S&P 500 Index Fund, with no further contributions, is projected to result in becoming a millionaire within 33 years due to compound interest.
"if all you wanted to do was save up this 100K and invest it in an S&P 500 Index Fund and never invest again let's say I don't know you completely forgot about the account you would still become a millionaire within 33 years"
SPX
Pending
Investing $250 per month in an S&P 500 Index Fund with a 7% average yearly return is projected to yield $656,000 in 40 years.
"let's say you invest $250 a month in an S&P 500 Index Fund and get an average yearly return of 7% in 40 years you'll have 656k"
SPX
Pending
Gen Z possesses significantly less buying power compared to the Boomer generation at equivalent ages.
"a recent study found that gen Z have about 86% less buying power than my generation the Boomers did at the same age"
Gen Z Buying Power
Pending
The average debt held by Americans is stated to be $221,800.
"the average American carries $221,800 of debt"
American Debt
Pending
As of 2023, half of the American population engages in side hustles.
"as of 2023 50% of Americans have a side hustle"
Side Hustles
Pending