Why Most "Rich" People Are Actually Broke
Published: 2024-02-29
Status:
Available
|
Analyzed
Published: 2024-02-29
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Investments will begin to fund a portion of one's lifestyle after a decade, a significant portion after two decades, and potentially the entire lifestyle after three decades.
"after that decade now these Investments are actually starting to produce you a little bit of a decent return and now you can use these Investments to start paying for a little bit of your lifestyle after two decades you can use it to pay for a lot more of your lifestyle after three decades well now hopefully these Investments can fund your entire lifestyle and more"
Pending
Speaker plans to buy a newer, nicer car in 2024.
"I'm hoping to buy a newer car in 2024 that's the plan that I'm going to be buying a nicer newer car in 2024"
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The speaker plans to buy a newer, nicer car in 2024.
"I'm hoping to buy a newer car in 2024 that's the plan that I'm going to be buying a nicer newer car in 2024"
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Investments made today are predicted to fund a portion of one's lifestyle after one decade, a larger portion after two decades, and the entire lifestyle after three decades.
"after that decade now these Investments are actually starting to produce you a little bit of a decent return and now you can use these Investments to start paying for a little bit of your lifestyle after two decades you can use it to pay for a lot more of your lifestyle after three decades well now hopefully these Investments can fund your entire lifestyle and more"
Pending
Staying updated on financial markets is important for understanding global events.
"you want to stay up to date with what's happening as well in the financial markets that way you can understand what's going on in the world"
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True wealth is achieved by owning assets that pay for lifestyle expenses, which can continue even when not actively working.
"this requires you to put in that effort because now when you live like this this is real wealth this is true wealth because now you're not working to just show off and just spend your money to buy these nice things you're working on the assets and these assets are paying for these nice things and even if you weren't working well you still keep getting paid because you own the assets"
Pending
Markets are cyclical and will not move in a single direction indefinitely.
"markets go up and markets go down no Market go straight up forever no Market go straight down forever"
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Speaker has been investing money into their own business, Briefs Media.
"I've been using my money to go fund my investments I've been using my money to invest into my own business briefs media"
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Market downturns present opportunities for investors to purchase more assets.
"those down periods create opportunity for you to buy even more"
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Speaker has been investing money into buying rental properties.
"I've been using my money to go and buy rental properties"
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Speaker has been investing money into buying stocks.
"I've been using my money to go and buy stocks"
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Speaker has been investing money into startups.
"I've been using my money to invest in startups"
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Down periods in the market create opportunities to buy more assets, while up periods are for realizing profits.
"those down periods create opportunity for you to buy even more and the up periods are the time now for you to realize your profits"
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