The Easiest Way to Build Wealth: Get Rich Without the Gamble
Published: 2024-08-31
Status:
Available
|
Analyzed
Published: 2024-08-31
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Detroit Lions will win the Super Bowl in the current year (relative to the video's filming).
"and now you won't have to worry about trying to guess if the lions are going to win the Super Bowl because they are going to win the Super Bowl this year"
Pending
Despite market crashes and recessions, the stock market has historically trended upwards over the long term (100+ years).
"over the last 100 years we've seen big stock market crashes we saw things like the 2020 crash ... but despite the market crashes despite the recessions the stock market has gone up"
Pending
The stock market's growth has not been linear, experiencing significant crashes and recessions but ultimately showing an upward trend over the last 100 years.
"we've seen big stock market crashes ... but despite the market crashes despite the recessions the stock market has gone up it just didn't go up linearly"
Pending
Financially savvy individuals capitalized on the 2020 market crash by buying stocks at a 30% discount.
"the financially Savvy were buying stocks for 30% off because in a matter of days the stock market fell by 30%"
Pending
The speaker mentions crypto and retiring, implying a prediction that crypto will enable retirement, although this is framed as a common sentiment rather than a personal prediction.
"I can't wait until my crypto pops off because I'll finally be able to retire and not have to worry about money anymore."
Pending
The speaker predicts that the Detroit Lions will win the Super Bowl in the current year (implied to be 2024, as the video was published in August 2024).
"and now you won't have to worry about trying to guess if the lions are going to win the Super Bowl because they are going to win the Super Bowl this year"
Pending
Predicts that the stock market will offer leverage and margin to investors once they are 'hooked'.
"well if they can get you hooked now they can sell you leverage they can sell your margin"
Pending
Predicts that 'no money down' real estate deals will be promoted.
"you see this with real estate all the time people talking about no money down real estate deals just get started buy my program and now you can start buying real estate with no money"
Pending
Predicts that individuals without money must first acquire income through jobs, businesses, or side hustles to begin investing.
"so if you don't have money the first thing you got to do is go out and get some money get a job start a business start a side hustle go out and start doing things to make some money"
Pending
Predicts that most people who receive a large sum of money (like a million dollars or lottery winnings) will spend it on material goods and experiences, leading to financial ruin within five years due to taxes and continued expenses.
"the majority of people would make a million dollars and then they would go out buy a nice home buy a nice car go on a few nice vacations buy some things for their friends go on some nice fancy dinners and then realize you have to pay a tax bill and then realize you have no money left and then realize you're going to have to continue funding your expenses in the future and now you're broke or bankrupt which is why so many lottery winners end up broke or bankrupt within 5 years of winning the lottery"
Pending
Predicts that successful individuals will have a pre-defined plan for how to allocate money *before* it is received.
"you're going to build a plan for your money before you get that money that way next time money comes into your bank account you already know what to do with it"
Pending
Recommends a 75/15/10 spending/investing/saving rule for all future earnings.
"so for every dollar that you earn from here on out. 75 cents is the maximum that you can spend 15 cents is the minimum that you can invest 10 cents is the minimum that you save"
Pending
Suggests that individuals ready for greater wealth building can transition to living on 50% of their income, allowing for more investment and saving.
"if you are ready well now guess what instead of living off of 75% you can live off of Just 50 cents of every dollar that you earn"
Pending
Predicts that mature and large companies with significant cash profits will distribute these profits as dividends because they lack other profitable avenues for reinvestment.
"so the companies that are paying out this type of cash flow are generally going to be a little bit more mature and a little bit larger and they have these big cash profits that they don't know how to invest back into the company so they're just going to give it away"
Pending
Predicts that investors will continue to seek out 'next big thing' individual stocks, akin to finding the next Amazon, Apple, or Tesla.
"if you wanted to invest in the stock market there's a couple different things that you can do the first thing is well if I want to invest in some company that I think is going to continue growing over time I could try to find the next Amazon I could try to find the next apple I could try to find the next Tesla"
Pending
Predicts that ETFs, index funds, and mutual funds will be the primary investment vehicles for the majority of people seeking broad market exposure.
"for the majority of people there's an alternative which is to invest in a fund whether that's an ETF which is called an exchange traded fund an index fund or a mutual fund which gives you exposure to a broader basket of companies"
Pending
Highlights VTI as an ETF that provides exposure to the total US stock market.
"there is an ETF out there called vti if you go out into the St market and you buy one share of this fund vti you're buying a piece of the total stock market"
Pending
Highlights SPY as an ETF that provides exposure to the S&P 500.
"another example is spy this is an ETF that gives the exposure to the SNP 500"
Pending
Highlights DIA as an ETF that provides exposure to the Dow Jones Industrial Average.
"how about another example Dia is an ETF that gives the exposure to the Dow Jones"
Pending
Highlights NOBL as an ETF providing exposure to Dividend Aristocrats within the S&P 500.
"this is an ETF that gives the exposure to Dividend Aristocrats that are in the S&P 500"
Pending
Highlights VYM as a Vanguard ETF focused on high dividend-yielding companies.
"this is another ETF created by Vanguard which is a high dividend yielding ETF if you want to invest in broader companies that are paying out the higher yield dividends this is ETF that gives you exposure to that"
Pending
Highlights SCHD as a Charles Schwab ETF focused on dividend-paying companies in the United States.
"SD this is an ETF created by Charles Schwab again focus on investing in dividend paying companies inside of the United States"
Pending
Highlights MCHI as an ETF providing exposure to Chinese companies.
"mchi this is an ETF that will give you exposure to Chinese companies"
Pending
Highlights INDA as an ETF providing exposure to Indian companies.
"IND da you want to guess where that gives the exposure to you got it this will give you exposure to Indian companies"
Pending
Highlights IEMG as an ETF providing exposure to emerging market companies.
"em is an ETF that will give you exposure to Emerging Market companies"
Pending
Predicts that financially savvy individuals will buy stocks at significant discounts during market crashes (e.g., 30% off during a 30% market drop like in 2020).
"the financially Savvy were buying stocks for 30% off because in a matter of days the stock market fell by 30%"
Pending
Predicts that during the 2008 crash, financially savvy individuals purchased real estate at extremely low prices ('pennies on the dollar').
"when the 2008 crash happened the financially Savvy were buying real estate for pennies on the dollar while everybody else was losing"
Pending
Predicts that during the 2000 dot-com bubble burst, financially savvy individuals bought assets at very low prices ('pennies on the dollar').
"when the 2000.com bubble burst everybody was selling but the financially Savvy Rec coming and buying for pennies on the dollar again"
Pending
Predicts that the optimal strategy during market downturns is to increase investment rather than panic sell.
"the only thing you change is when markets go down you buy more"
Pending
Predicts that a 1% investment fee can cost an individual approximately $250,000 over their investing career, assuming a median income.
"do you know how much a little 1% fee is going to cost you over the course of your investing career it could end up costing you about $250,000 assuming that you make a median income"
Pending
Predicts that significant stock market crashes (2020, 2008, dot-com bubble) will continue to occur historically.
"we've seen big stock market crashes we saw things like the 2020 crash we had the 2008 crash we had the 2000.com bubble bursting"
Pending
Predicts that despite market crashes and recessions, the stock market will trend upwards over the long term, though not in a straight line.
"but despite the market crashes despite the recessions the stock market has gone up it just didn't go up linearly"
Pending
Predicts that the market will grow by approximately 10% per year in the long term.
"because we have seen the markets grow by around 10% a year for the last cent"
Pending