ilmscore | The 8 BEST Ways To Build Wealth In Your 20s

The 8 BEST Ways To Build Wealth In Your 20s

Published: 2021-07-26
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Maximizing a Roth IRA with $6,000 annually from age 18 is projected to yield over $2.25 million tax-free by age 65.
"if you max it out at $6,000 a year, starting at the age of 18, by the time you're 65, you'll have over $2,250,000 waiting for you taxfree."
VTSAX
Pending
Achieving a credit score between 700-780 within 18 months is predicted to provide the lowest interest rates for leveraging money.
"after about 18 months of doing this, you should have a credit score from 700 to 780, which is going to give you the lowest interest rates anytime you want to leverage your money."
Credit Score
Pending
Consistent good credit practices can lead to a credit score above 800.
"you should be able to get a perfect credit score above 800."
Credit Score
Pending
The speaker built a portfolio of eight properties in their 20s through house hacking.
"That's how I was able to build up a portfolio of eight properties across Southern California and Las Vegas in my 20s."
Real Estate Investment
Pending
A significant majority (65%) of millionaires possess three or more income streams, suggesting diversification is key to wealth accumulation.
"65% of millionaires have three or more sources of income."
Income Diversification
Pending