ilmscore | This Is Why Most Americans Will Never Get Rich

This Is Why Most Americans Will Never Get Rich

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
Consumer spending directly benefits business creators and investors.
"when you go out and spend money whether it's a Chipotle whether it's Amazon whether it's a Macy's you're spending money here in this business and the person that benefits obviously is the creator of that business assuming they're still involved they still own some of the business and then that also benefits the investor the people that invest money into the business and get a piece of the business as their exchange because when you go out and invest in a business you get to own a piece of that business"
Consumer Spending Impact
Pending
Individuals can become investors with as little as $100 by investing in the stock market.
"the nice thing is in our economic system anybody can be an investor with as little as $100 when you go and invest your money into the stock market you become an investor"
Investment Accessibility
Pending
The US economic system is structured to encourage consumption.
"our economic system is designed to create consumption"
Economic System Design
Pending
Inflation increases costs for consumers and benefits investors as businesses receive more revenue.
"inflation means it costs more money for you to consume inflation means that the prices of things are more expensive to who does inflation hurt it hurts all consumers and remember everybody's a consumer rich people middle class people poor people everybody's a consumer so inflation means means that consumers have to pay more money so now when you have to pay more money as a consumer that means everybody has to pay more money to businesses but who does that benefit well that benefits the investor"
Inflation Impact
Pending
The US tax code offers lower rates and higher deductions for business creators and investors compared to wage earners.
"our tax code has lower tax rates and higher tax deductions for people who are business creators and for people who are investors as opposed to people who are just workers inside of businesses"
Tax Code Benefits
Pending
Workers should redirect money into investments to benefit from the economic system.
"if you want to break out of the system what you need to do now as a worker is you got to take this money and put more of it into your Investments"
Worker to Investor Transition
Pending
High earners often face financial difficulties due to lifestyle inflation associated with increased income.
"there's a reason why so many high paid professionals like doctors and athletes end up broke it's because when you make money well now you got to live that fancy lifestyle when you make more money you got to drive the fancier car when you make more money you got to go on the better vacations when you make more money you got to have the Better Homes"
High Earner Financial Struggles
Pending
Financial education, including investment management, market crash preparedness, diverse investment types, and cash flow generation, is crucial for wealth building and is often lacking.
"this is that Financial education that most people never learn right we learn how to work we learn how to get a good job we learn how to generate an income but we never learn how to manage our investments we never know how to manage a market crash we never learn the different types of Investments out there we never learn how to generate cash flow"
Investment Strategies for Wealth Building
Pending
If all American jobs disappeared on a Monday, 40% of the population would be without money for food by Wednesday, and 60% would be completely out of cash by the following Wednesday.
"if everybody in America lost their job or their income on this coming Monday by Wednesday 40% of America will run out of money and they won't have money to eat and by the following Wednesday 60% of America will be completely drained of all of their cash"
Economic Collapse Scenario
Pending