ilmscore | Why Americans Can't Keep Their Paychecks

Why Americans Can't Keep Their Paychecks

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
Inflation is expected to persist, and the Federal Reserve aims for 2% inflation, which will continue to negatively impact consumers while benefiting investors.
"inflation is going to stay the better Reserve Bank has even said that they want 2% inflation but they still want inflation and inflation disproportionately hurts people who have to spend money it benefits the investor but it hurts people who have to spend money"
Inflation
Pending
Becoming an investor is presented as a necessary step to succeed in the current economic system.
"you don't have to go out and become a business owner but you have to become an investor if you want to win in this economic system"
Investing
Pending
To invest, individuals should allocate a portion of their paycheck to purchase assets instead of spending all their income.
"you have to take a piece of your paycheck and instead of spending all of that money you have to take that piece of the paycheck and you have to use this money to go out and buy assets"
Investing
Pending
Various asset classes for investment are mentioned, including stocks, ETFs, index funds, mutual funds, rental properties, and investing in one's own business.
"it can be things like stocks it could be things like ETFs it could be things like index funds it could be things like mutual funds it could be things like rental properties it could be like investing in your own business"
Asset Classes
Pending
It is possible to begin investing with a small amount, as little as $100.
"you can get started investing with as little as $100 I mean you can honestly start with $1 but as little as $100 you can get started investing your money"
Investment Strategy
Pending
Consistent weekly investments, even starting with $100, can lead to significant accumulation of funds over time.
"if you can stay consistent maybe putting $100 a week into your Investments and you do this week after week after week month after month after month year after year after year now you can start to see that you're going to start putting away more and more money towards your Investments"
Investment Strategy
Pending
A 'decade of sacrifice' is proposed, involving living more frugally and earning more, to increase funds available for investment and achieve financial change.
"the decade of sacrifice if you really want to see that big change in your finances and this decade of sacrifices now you're going to be working to live smaller and earn more so you have more money to invest"
Investment Strategy
Pending
A scenario is described where investors panic and sell during market crashes, leading to significant losses.
"the market crashes and now they see their stock portfolio Fall by 30% you went from $155,000 all the way down to $10,000 and naturally your heart starts to beat a little bit faster and now you start to panic you don't know what to do you're seeing your money go down you see going down to $9,800 and now you decide to sell"
Market Crashes
Pending
Wealth creation through investing is a long-term process. Market downturns and crashes present opportunities to acquire assets at discounted prices.
"wealth is built over the long term not just over the short term especially if you're investing in good long-term assets and what you'll see is that over the last 100 years we've been through a lot of crap we've been through a lot of recessions we've been through a lot of Market crashes but all of these things create opportunity for you to build wealth especially if you're going out and buying during these downturns because they give you the opportunity to buy more of these assets at a discounted price"
Investing
Pending
A prediction is made about the rapid depletion of financial reserves for a significant portion of the American population in the event of widespread job losses.
"if everybody in America lost their job on this coming Monday by Wednesday 40% of America will run out of money and by the following Wednesday 60% of America will be completely drained of all of their cash"
Financial Resilience
Pending