ilmscore | Stop Doing These 5 Things When You Get Paid (Please) | Jaspreet Singh

Stop Doing These 5 Things When You Get Paid (Please) | Jaspreet Singh

Published: 2023-10-16
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The ETF SCD is projected to yield 3.6% annually in dividends.
"SCD which is paying out 3.6% a year in dividends"
SCD
Pending
The stock market has historically averaged a growth rate of over 7% annually.
"on average we have seen the stock market grow by more than 7% a year over the last century"
Stock Market Returns
Pending
Investing $716 per month for 35 years at a 7% annual return could result in $1.2 million.
"after 35 years you would have had $1.2 million"
Investment Growth
Pending
Inflation devalues the purchasing power of cash savings.
"the value of your cash your savings is being devalued because of inflation"
Inflation Impact
Pending
US credit card debt has reached a record high, indicating increased consumer spending on borrowed money.
"credit card debt hit a brand new record high"
Credit Card Debt
Pending
Failure to pay off Buy Now Pay Later installments on time can result in interest rates of 25-30%.
"when you don't pay your stuff off in time what happens you get slapped with a brand new fine brand new fees and now you're not paying 5 or 10% interest now you're paying 25 5 to 30% interest on your buy now pay later"
Buy Now Pay Later (BNPL) Risk
Pending
Reallocating 700 hours per year from watching TV to learning about wealth building, income growth, and business development could significantly improve financial status within five years.
"if you took that 700 hours a year and you transfigured that time to read books to learn about how to you build wealth to learn about how to you increase your income to start building your own business in 5 years you would be in a completely different Financial space"
Time Investment
Pending