ilmscore | The 7 Wealth Killers That No One Talks About

The 7 Wealth Killers That No One Talks About

Published: 2024-06-11
Status: Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
There's a risk that a property may not be sellable for a profit.
"there's a chance that you won't be able to sell it for a profit"
Real Estate Investment Risk
Pending
Paying minimums on average credit card debt can result in over $18,000 in interest paid.
"you're going to pay more than $18,000 in interest to pay this off"
Credit Card Debt Cost
Pending
Payday loans and short-term loans have extremely high annualized interest rates, significantly exceeding credit card APRs.
"when you go and get a payday loan or those short-term loans to make ends meet for the two weeks or for the month you're not paying 27% you're paying 50% you're paying 100%"
Payday Loan Interest Rates
Pending
Avoiding small daily impulse purchases ($14/day) can result in over $5,000 in savings annually.
"the easiest way to have an additional $5,000 a year is just to not spend an additional $14 a day"
Impulse Purchase Savings
Pending