ilmscore | Fatman Scoop's Last Great Interview

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
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"
Long-term Wealth Building
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"
Retirement
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"
Wealth Building
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"
Generational Wealth / Estate Planning
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"
Career Longevity
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"
Personal Finance / Investment Strategy
Pending