ilmscore | 7 Things WEALTHY People Avoid In Life (DON'T DO THIS)

7 Things WEALTHY People Avoid In Life (DON'T DO THIS)

Published: 2024-01-17
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The stock market has historically provided an annual growth rate of 7% to 10% over the long term.
"Historically, we have seen a 7 to 10% growth in the stock market a year over the long term."
Stock Market Returns
Pending
Investing $717 per month for 45 years, starting at age 21 with a 7% annual return, could result in an investment account worth over $2.6 million by retirement.
"If you did this for 45 years. So now you start when you're 21 and do this until you retire. Well, now instead of owning a car that's worth less than what you bought it for, you're going to have an investment account that's worth over $2.6 million."
Future Investment Value
Pending
The top tax rate for portfolio income is approximately 20%, while the top tax rate for ordinary income is about double that.
"The top tax rate with portfolio income is right around 20%. The top tax rate when it comes to your ordinary income is about double that."
Income Tax Rates
Pending
Making changes to how time is used for financial education and investment can lead to significant financial improvement within 6, 12, and 18 months.
"If you do that, you will be in a completely different place in six months, in 12 months, and 18 months."
Financial Improvement Timeline
Pending