Understand These 3 Numbers To Become A Millionaire
Published: 2024-03-02
Status:
Available
|
Analyzed
Published: 2024-03-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Investing $250/month with a 10% annual return will take 307 years to reach $1 million.
"if you can invest $250 a month every month and you can get an average 10% return a year... it will take you 307 years to retire with an account worth more than $1 million"
Pending
Investing $250/month with a 14% annual return will take 29 years to reach $1 million.
"if you can work to increase the return where now you're still investing at $250 a month but now you can get a 14% annual return now it will only take you 29 years to retire with an account worth over $1 million"
Pending
Investing $1,000/month with a 10% annual return will take 23 years to reach $1 million.
"if you can increase how much money you invest for now you can invest $1,000 a month and you get the same 10% annual return a year now instead of taking 37 years it will take you you 23 years to retire with an investment account with over $1 million"
Pending
Historically, the US stock market has averaged a 10% annual return.
"the stock market in the United States has grown by an average of around 10% a year"
Pending
The speaker considers real estate to be their largest passive investment.
"real estate is my largest passive investment"
Pending
The speaker prefers investment strategies that generate cash flow rather than relying solely on selling for profit.
"for me I like investing money for cash flow meaning I buy an investment and then it pays me for owning the investment instead of having to wait to sell that investment to make money"
Pending
The speaker's stock market investments are primarily dividend-producing funds to generate cash flow.
"most of my funds on the stock market are to generate cash flow they're dividend producing funds"
Pending
Investing $250/month with a 10% annual return will take 307 years to reach $1 million.
"if you can invest $250 a month every month and you can get an average 10% return a year... it will take you 307 years to retire with an account worth more than $1 million."
Pending
Investing $250/month with a 14% annual return will take 29 years to reach $1 million.
"if you can work to increase the return where now you're still investing at $250 a month but now you can get a 14% annual return now it will only take you 29 years to retire with an account worth over $1 million"
Pending
Investing $1,000/month with a 10% annual return will take 23 years to reach $1 million.
"if you can increase how much money you invest for now you can invest $1,000 a month and you get the same 10% annual return a year now instead of taking 37 years it will take you you 23 years to retire with an investment account with over $1 million"
Pending
The US stock market has historically grown by an average of 10% annually.
"what we have seen is that the stock market in the United States has grown by an average of around 10% a year"
Pending
Investing in companies like Sears or Bed Bath & Beyond a couple of decades ago would have resulted in a complete loss of investment due to bankruptcy.
"if you would have passively invested your money a couple decades ago into a strong company like Sears or Bed Bath and Beyond ... but today those companies are bankrupt and your investment would have gone to zero"
Pending
The speaker considers real estate their largest passive investment.
"real estate is my largest passive investment"
Pending
The speaker buys rental properties primarily for immediate cash flow generation rather than future profit from a sale.
"when I go out and buy rental properties I'm not buying it because I'm hoping that I can sell it for a big profit a few years I buy properties for the cash flow that I can start generating tomorrow or next month"
Pending
The speaker's stock market investments are predominantly in dividend-producing funds to generate cash flow.
"even when I invest my money into funds on the stock market most of my funds on the stock market are to generate cash flow they're dividend producing funds"
Pending