ilmscore | How To Save $100,000 in 3 Years (Starting From $0)

How To Save $100,000 in 3 Years (Starting From $0)

Published: 2025-02-19
Status: Available | Analyzed

Predictions from this Video

Total: 17
Correct: 0
Incorrect: 0
Pending: 17
Unrated: 0
Prediction
Topic
Status
The average American spends $18,000 annually on discretionary purchases.
"the average American spends $18,000 a year on non-essential discretionary purchases"
Saving Money
Pending
The average American spends $1,100 per year on coffee.
"the average American spends $1,100 a year on coffee"
Saving Money
Pending
Average monthly spending on clothing is $120.
"$120 a month on clothing"
Saving Money
Pending
Average monthly spending on eating out is $300.
"$300 a month eating out"
Saving Money
Pending
Average monthly spending on eating out is $300.
"$300 a month eating out"
Saving Money
Pending
Average monthly spending on alcohol is $50.
"$50 a month on alcohol"
Saving Money
Pending
Average monthly spending on unused subscriptions is $32.
"$32 a month on unused subscriptions"
Saving Money
Pending
The 10 easiest categories to cut back on for savings are: eating out, alcohol, credit card interest, clothes, electricity, cigarettes, heating/AC, unreturned items, convenience, and lottery.
"10 items were the easiest to cut back on and that would be eating out alcohol credit card interest clothes electricity cigarettes heating or air conditioning UNR returned items convenience and the lottery"
Saving Money
Pending
The average monthly car payment is $756.
"the average car payment these days is $756 a month"
Saving Money
Pending
In 2023, the average single worker paid 29.9% of their income in taxes.
"the average single worker paid 29.9% of their income to taxes in 2023"
Taxes
Pending
The average person spends $6,600 annually, or $550 monthly, on food.
"the average person spends $6,600 a year in this category or $550 a month"
Saving Money
Pending
The average credit card balance in 2024 was $723.
"the average credit card balance was $723 in 2024"
Debt Repayment
Pending
An average credit card balance of $723 at a 24.26% interest rate results in $146 wasted monthly.
"at an average interest rate of 24.2 6% that's $146 a month wasted"
Debt Repayment
Pending
Americans spend an average of $133 per month on clothing.
"Americans are spending on average $133 a month on clothing"
Saving Money
Pending
Job hoppers earn an average of 35% more money over a 3-year period.
"job Hoppers make an average 35 % more money over 3 years"
Income Growth
Pending
Historically, the S&P 500 has returned an average of 8% annually over the past 100 years.
"historically the S&P 500 has averaged 8% over the last 100 years"
Investing
Pending
An investment of $100,000 earning an average of 8% annually will grow to $1 million in 30 years.
"$100,000 invested earning an average of 8% over 30 years will turn into a million dollar"
Investing
Pending