ilmscore | If You're 35 & Broke - Watch These 32 Minutes

If You're 35 & Broke - Watch These 32 Minutes

Published: 2023-11-28
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Assuming 2.5% annual inflation, $50,000 annual expenses today will require approximately $105,000 annually in 30 years.
"if inflation stays at around 2 1/2% over the next 30 Years...if you need $50,000 a year to live your life financially free today that means in 30 years you will need about $105,000 a year to live a $50,000 a year lifestyle today"
Inflation Impact on Future Expenses
Pending
Assuming 2.5% annual inflation, $50,000 annual expenses today will require approximately $110,000 annually in 30 years.
"if we assume that inflation is 2 1.2% a year for the next 30 Years that would mean that between now and 30 years from now the cumulative inflation will be right around 110%...if you need a $50,000 a year lifestyle today you would need about $110,000 30 years from now to buy you what $50,000 can today"
Inflation Impact on Future Expenses
Pending
Based on the 4% rule, approximately $2.6 million will be needed in 30 years to support an annual lifestyle of $105,000.
"you take this 105,000 divide it by 04 and that tells us that you would need right around $2.6 million 30 years from now to be able to live this $105,000 a year"
Retirement Savings Goal
Pending
The stock market has historically averaged a 10% annual return over the past century, including periods of economic downturns.
"the stock market on average has grown by 10% a year over the last century despite the market crashes despite the recessions despite the economic downturns"
Stock Market Returns
Pending
Real estate offers benefits over stocks, including ownership of a tangible asset, potential for cash flow, and tax advantages.
"the benefit that real estate has over stocks is you own a hard asset... you get cash flow... and then you also get tax breaks from Real Estate"
Real Estate Investment Benefits
Pending
The White House has launched a $45 billion program aimed at increasing housing supply and addressing office market vacancies.
"the White House just announced a new $45 billion program to help not only create more housing but also eliminate some of the vacancies in the office Market"
White House Housing Program
Pending