Published: 2024-08-04
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Predictions from this Video
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Prediction
Topic
Status
It will take a decade of sacrifice to build significant wealth through investments, with initial returns on small amounts being negligible but growing substantially with larger capital.
"in the beginning I call it a decade of sacrifice in the beginning it is the most difficult part because in the beginning you got no returns a 10% return on $100 is $10 and it's going to take you a whole year of growing your money by 10% to earn $10 which is really no money at all but when you have more dollars working for you that 10% return can mean a lot more like a 10% return on $10,000 is $11,000 still not that significant in the grand scheme of things but it's a lot more than $10 a 10% return on $100,000 is $10,000 and a 10% return on a million doar is $100,000"
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The market will experience future pain, including crashes and recessions.
"yes we will see pain in the future yes we will see a market crash at some point yes we will see a recession at some point"
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Despite anticipated market downturns, individuals should start investing with whatever amount they can find, live below their means, and put money to work.
"but that doesn't mean you shouldn't wait to get started start with a little bit start living below your means right now start finding some extra money to invest start finding things to start investing in and start putting it to work"
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The speaker's goal with real estate investment is to generate monthly cash flow.
"when I invest my money in real estate my goal is to generate cash flow I buy a property that way can pay me cash flow every month"
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The speaker primarily invests in dividend-paying stock market funds that distribute cash payments quarterly.
"the majority of the funds that I invested in the stock market are dividend paying funds meaning that pay a cash payment every three months every quarter"
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The speaker employs dollar cost averaging by investing in funds every Wednesday.
"this is called dollar cost averaging by the way every Wednesday I buy more of these funds"
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The speaker's strategy involves reinvesting quarterly cash flow from investments to purchase more cash-flow-generating assets.
"every time I buy more of these funds I'm going to get a bigger cash flow check every quarter every 3 months then when I get this cash flow check that cash flow check automatically gets reinvested to buy more cash flow"
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Investments generate passive income that can be spent, and this can be achieved starting with small amounts, not requiring large initial capital.
"my investments then make money passively and then the passive income can then be spent but it doesn't start with a million dollar $100,000 you got to get started with a little bit"
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Wealthy individuals accumulate more wealth through the appreciation of their investments and increased cash flow from those investments, rather than solely through salary raises.
"wealthy people get wealthier because their Investments go up and back value or because Investments start paying them more cash flow they don't get wealthier because they get a big raise that's what the majority of people think the majority of people think that your wealth is built through the salary you get from your job but that's not true"
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Historically successful companies like Sears and Bed Bath & Beyond, once lauded as leaders, have gone bankrupt, highlighting the risks of investing in individual companies.
"if you look at the Wall Street Journal what they were saying about companies like Sears and Bed Bath and Beyond 15 or 20 20 years ago they were saying that these companies were category killers but if you look at those companies today they're bankrupt"
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Investors can gain exposure to the 500 largest companies in the stock market through an S&P 500 ETF, such as SPY.
"you can invest in a fund that gives you exposure to the 500 biggest companies on the stock market that's called the S&P 500 the S&P 500 is a group of the 500 largest companies in the stock market and instead of you investing in each one of them you can just invest in a fund that gives you exposure to the S&P 500 for example spy that's the ticker symbol for an ETF"
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Investing in an S&P 500 ETF like SPY reduces risk by automatically replacing bankrupt companies and balancing winners with losers, though it may also limit upside potential and effort.
"if one of those companies in spy in the S&P 500 goes bankrupt that company would then be kicked out and replaced with another company Plus that losing company would also be balanced out by some of the winners some of the winners are going to be balanced out by some of the losers so you have less risk less upside but also less work"
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