Fatman Scoop's Last Great Interview
Published: 2024-09-04
Status:
Available
|
Analyzed
Published: 2024-09-04
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
After his daughter finishes college, 90% of Fatman Scoop's income, after expenses, will be allocated to investments.
"my financial plan is my daughter's getting ready to get out of Penn State so I have one more semester thank you brother after that 90% of my ex of my income minus expenses is going to Investments"
Pending
Fatman Scoop prioritizes living below his means, moving to a smaller home in Ohio with low expenses, to allocate more money towards investments that generate long-term income.
"I also live extremely below my means I move from New York City to Ohio I got a small house I paid for it the distance between my house and the next house that I live next to is actually is one car length one car width so you can drive a car between the next house but I paid for the house it's mine I have no expenses my taxes are low that now allows me to allocate my money towards Investments that will pay me during a long time"
Pending
By investing diligently for 5-10 years, Fatman Scoop predicts he will achieve financial independence and never have to work again.
"as long as I live if I put 10 years to this with what I make I'm never working again even five probably I'm never even working I'll never work again in my life"
Pending
Fatman Scoop predicts he will retire from working within 5-10 years by consistently investing his income.
"as long as I live if I put 10 years to this with what I make I'm never working again even five probably I'm never even working I'll never work again in my life"
Pending
Fatman Scoop predicts he will acquire a mansion and a Range Rover in the future, and these will be financed by income-generating assets rather than his direct personal expenditures.
"I'm going to be in a mansion again... when I put my foot on the pedal of that Range Rover something else is going to be pay for it... it's going to come from an asset that has accrued or continues to cash flow so that so that this works"
Pending
Fatman Scoop is developing and plans to launch an educational product focused on generational wealth building and financial longevity, which is currently in the writing phase.
"for me when I'm I'm getting ready to do an education product when I do my education product I'm going to be like yo you do this to get here but what do you do when you get here how you going to make this money last for the rest of your life... they're in the middle of writing it now"
Pending
Fatman Scoop has established or is establishing a personal trust that, after his passing (in 30-35 years), will provide disbursements based on investment performance and offer loans from a 'family bank' to beneficiaries who present a viable plan, with a requirement for loan repayment to sustain the trust for future generations.
"in my personal trust I'm making rules and I'm not giving people when I pass away God forbid in 30 years 35 years I'm not giving them a check you have to do certain things and it's going to be a dispersement based upon what the stocks are doing what what the Investments are doing you're not getting a check you're getting a dispersement and an opportunity to borrow money from the family bank that you have to come with a plan and somebody to help you execute it so that you can do X Y and Z and then give a piece of that money back from that loan back to the trust so that it could it can continue to fund others"
Pending
Fatman Scoop predicts he will continue working for approximately 25 more years (until around 2049).
"I've got another 25 years before I probably can quit"
Pending
Fatman Scoop states his financial plan to allocate 90% of his income (after expenses) to investments once his daughter completes Penn State.
"90% of my ex of my income minus expenses is going to Investments"
Pending
Fatman Scoop predicts he will achieve financial independence and cease working within 5 to 10 years (by 2029-2034) through consistent investment.
"if I put 10 years to this with what I make I'm never working again even five probably I'm never even working I'll never work again in my life"
Pending
Fatman Scoop predicts he will acquire a mansion and a Range Rover in the future, and these will be funded by income-generating or appreciated assets rather than his direct earned income.
"I'm going to be in a mansion again... when I put my foot in that Mansion when I put my foot on the pedal of that Range Rover something else is going to be pay for it... it's going to come from an asset that has accrued or continues to cash flow"
Pending
Fatman Scoop predicts his personal trust (to be active 30-35 years in the future) will provide structured disbursements and loan opportunities to his descendants, tied to investment performance, to foster financial literacy and ensure long-term generational wealth.
"in my personal trust I'm making rules and I'm not giving people when I pass away God forbid in 30 years 35 years I'm not giving them a check you have to do certain things and it's going to be a dispersement based upon what the stocks are doing what what the Investments are doing you're not getting a check you're getting a dispersement and an opportunity to borrow money from the family bank that you have to come with a plan and somebody to help you execute it so that you can do X Y and Z and then give a piece of that money back from that loan back to the trust so that it could it can continue to fund others"
Pending