ilmscore | How To Get Rich In The 2023 Bull Market

How To Get Rich In The 2023 Bull Market

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Investing $1,000 per month with an 8% annual return (after inflation) for 34 years can result in a $2.2 million net worth.
"if you could invest a thousand dollars a month generate an eight percent return after inflation and do that consistently for 34 years congratulations there you go and you have your 2.2 million dollar net worth"
Wealth Accumulation
Pending
Investing $2,000 per month with an 8% annual return (after inflation) for 26 years can result in a $2.2 million net worth.
"by investing two thousand dollars a month assuming the exact same parameters that 2.2 million dollars would take you 26 years to reach"
Wealth Accumulation
Pending
Investing $3,000 per month with an 8% annual return (after inflation) for 21 years can result in a $2.2 million net worth.
"and at three thousand dollars a month you could get there in 21 years"
Wealth Accumulation
Pending
A 24-year-old who starts investing today could have a multi-million dollar retirement nest egg before the age of 60.
"if you're my average viewer of 24 years old essentially that means that before the age of 60 you'd be sitting on a multi-million dollar retirement nest egg"
Retirement Planning
Pending
The purchasing power of $2.2 million varies significantly by location, being equivalent to $1.892 million in New York but $2.552 million in Mississippi.
"in New York 2.2 million dollars is really the equivalent of one million 892 thousand dollars in terms of what you could buy with your money whereas in Mississippi 2.2 million dollars is equivalent to 2 million five hundred and fifty two thousand dollars"
Cost of Living Impact on Wealth
Pending
The amount of money needed to feel wealthy can differ drastically by city, with Denver requiring $2.3 million and San Francisco requiring $5.5 million.
"in Denver Colorado 2.3 million dollars is the amount needed to feel wealthy but if you move to San Francisco that amount skyrockets to five and a half million"
Cost of Living Impact on Wealth
Pending