ilmscore | 6 Ways To Start Investing With NO MONEY (yes, actually)

6 Ways To Start Investing With NO MONEY (yes, actually)

Published: 2024-06-18
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Paying a bi-weekly mortgage payment instead of monthly on a $500,000 loan at 7% interest can save over $150,000 in interest and pay off the mortgage 6.5 years faster.
"if you take a monthly mortgage payment $ 3,226 a month and you divide it by two which is $1,632 and now instead of paying monthly you paid bi-weekly meaning every 2 weeks so now you pay $1,632 every 2 weeks instead of paying $700,000 in interest on your mortgage you're only going to have to pay $528,000 in interest on your mortgage which means you get to keep more than $150,000 in your pocket over the course of your mortgage but that's not all with this method you're also going to be able to shave off about 6 and A2 years of time paying down your mortgage"
Mortgage Payoff Strategy
Pending
Transferring credit card balances to a 0% APR credit card can provide a 6-12 month interest-free period to aggressively pay down debt.
"you can look at transferring your credit card balance to a 0% APR credit card because there are some credit cards out there that will give you 6 to 12 months of 0% APR period"
Credit Card Debt Payoff
Pending
Reading five books in each of the recommended categories (money management, mindset, career growth, business, negotiation) within 12 months will lead to significant personal and skill transformation, enabling higher earning potential.
"if you read five books in each one of these five categories I guarantee over the next 12 months you are going to be a completely different person and you're going to have completely different skill sets which are going to allow you to earn a whole lot more money"
Learning and Skill Development
Pending
Individuals with limited funds should actively seek environments and opportunities to meet people who possess significant financial resources.
"if you don't have a lot of money you want to put yourself in a position where you can meet people who have money"
Networking and Environment
Pending
Attending conferences for free or at a significant discount is possible by volunteering, providing access to learning and networking opportunities.
"if you don't have money to buy tickets to go to a conference fine go and be a volunteer at that conference that way you can get in for free or at least get a super big discount a lot of conferences will give free tickets to people who are going to go there and be volunteers"
Conference Attendance Strategy
Pending