ilmscore | Passive Income: How To Invest $100 In 2023

Passive Income: How To Invest $100 In 2023

Published: 2022-11-23
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Strong companies paying 1-5% annual dividends represent the easiest form of passive income.
"the strongest companies paying anywhere between one to five percent every single year and chances are that is going to be the easiest passive income you're ever going to make in your entire life"
Dividend Stocks
Pending
Index fund investing has historically outperformed most professional investors over a 20-year timeframe.
"Index Fund investing has outperformed the vast majority of professional investors over a 20-year period"
Index Funds
Pending
Long-term investment in S&P 500 index funds can be expected to 10x money over 30 years, with an average annual increase of 7% adjusted for inflation and reinvested dividends.
"throughout the last 100 years the S P 500 has increased by an average of seven percent a year adjusted for inflation with dividends reinvested so if you just buy and hold into an index fund long term you can expect to 10 extra money over 30 years"
Index Funds
Pending
The '4 percent rule' suggests that one can withdraw 4% of their portfolio annually for the rest of their life to achieve an endless stream of passive income.
"if you want to have endless amounts of passive income forever you would be able to spend four percent of your portfolio every single year for the rest of your life"
4 Percent Rule
Pending
Reading specific books ('Think and Grow Rich', 'The 4-Hour Workweek', 'On Rental Property Investing', 'How to Win Friends and Influence People', 'Rich Dad Poor Dad', 'The Millionaire Fastlane', 'Die With Zero', 'Your Money or Your Life') over a year will significantly increase business acumen, practically guaranteeing increased earnings.
"if you actually go and buy these books and then actually go and read them over the course of a year I guarantee you'll have more business Acumen than 99.9999 of people on the planet and because of that it's practically guaranteed that you will make more money as a result"
Book Recommendations
Pending
Combining reading specific self-improvement books with starting a creator assistance business (e.g., content chopping) could turn $100 into $5,000 per month.
"if you actually read those books and then started up a Creator assistance business you would be able to turn a hundred dollars into potentially five thousand dollars a month"
Creator Assistance Business
Pending
Credit card churning, using offers like the Capital One Saver Card, can yield a 40% return on money in under 100 days by meeting spending requirements for bonuses.
"there's always options out there to take advantage of for example the Capital One Saver Card has a zero dollar annual fee and gives you a 200 bonus when you spend five hundred dollars in the first three months just right there as long as you follow the requirements you could get a forty percent return on your money in less than 100 days"
Credit Card Churning
Pending