ilmscore | Why I Just Lost $4,000,000

Why I Just Lost $4,000,000

Published: 2022-04-06
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Borrowing money is only advisable if it generates more money than it costs, or if purchasing an item will yield a return.
"if holding on to debt does not make you money then always avoid it or if buying something is not going to make you anything then always buy it if you could afford to pay for it outright but on the other hand if having debt is going to make you more money then sometimes do it and if buying something can make you more money then it's okay to finance it but only every now and then"
Personal Finance Strategy
Pending
Real estate investing, when done prudently with manageable debt and safe investments, is a viable path to significant wealth accumulation.
"this is pretty much real estate investing in a nutshell and it's how some people are able to build great wealth as long as they play it smart don't borrow too much and make relatively safe Investments"
Real Estate Investment
Pending
Debt should only be incurred if it is linked to a secure, income-producing asset, allowing for profit from the difference between borrowing costs and investment returns.
"I only take debt if it's attached to a safe predictable income generating asset like real estate that way I'm not borrowing money just for the sake of borrowing money but instead I could profit the difference between what I pay and what that investment makes"
Debt Strategy
Pending
Borrowing money is financially sound only when the interest rate paid is less than the potential return on investment.
"it only makes sense to borrow money if the interest rate I pay is lower than what I could make investing it somewhere else"
Debt Strategy
Pending
Inflation reduces the real cost of repaying loans over time.
"inflation makes the loan easier to pay off over time"
Debt Strategy
Pending
In the current economic climate, taking out a fixed-rate loan that is affordable can serve as a protective hedge for a diversified investment portfolio.
"having a loan could be a safe hedge against a well-balanced portfolio as long as you get a fixed interest rate and don't take on a loan that you know you cannot afford"
Investment Strategy
Pending
Debt can be a tool for wealth growth if managed with awareness, self-control, and strategic, calculated investments.
"debt isn't always bad if you have the awareness the self-control and the persistence to make smart calculated Investments then using debt could be a strategic way to grow your wealth"
Debt and Wealth Growth
Pending