ilmscore | The Best Asset You Can Invest In To Build Wealth In 2025 (Beyond Stocks)

Predictions from this Video

Total: 14
Correct: 0
Incorrect: 0
Pending: 14
Unrated: 0
Prediction
Topic
Status
Reallocating time from passive activities (like watching Netflix) to learning can significantly alter one's financial trajectory and wealth-building potential.
"if you can reallocate that asset it costs you nothing to do so but it can completely change the trajectory of your life your money and your wealth if you start learning because once you start learning you can also start earning"
Personal Finance Strategy
Pending
Consistent effort (500 hours) in learning and experimenting with a specific skill will lead to mastery and expertise.
"if you spend 50 hours doing one thing I can guarantee you you're going to become pretty good at that one thing and if you spend 500 hours learning and experimenting and trying one thing you're going to become really good at that one thing"
Skill Development for Income
Pending
By dedicating 2-3 hours daily (instead of watching TV) to learning and skill development for a year, an individual can accumulate over 700 hours of focused effort aimed at increasing earning potential.
"if you work 49 weeks a year and you work five days a week out of those 49 weeks a year and instead of spending 2 1/2 hours watching TV you spend that 2 and 1 half to 2.9 hours now learning building trying new things that means after one year even including holidays including weekends you're going to spend over 700 hours learning and building your own education on how you can work to earn more money"
Time Allocation for Wealth Building
Pending
Investing 700 hours in a year on learning how to earn more money will result in a significantly changed mindset and skill set regarding income generation within 12 months.
"if you spend 700 hours in one year working and learning to earn more money I guarantee you that 12 months from now you are going to have a completely different mindset and skill set towards earning money and you are going to know a lot of ways to earn more money"
Mindset and Skillset Transformation
Pending
Over a 10-year period, individuals who dedicate their free time to learning how to earn more money will possess greater earning capability than those who spend their free time passively consuming entertainment.
"in 10 years who do you think is going to have more earning capability the person who's spending their free time watching Netflix or the person who's spending their free time learning to earn more money"
Long-Term Wealth Disparity
Pending
The speaker identifies investing in oneself as the single most effective investment they have made.
"the number one best investment that I have made was the investment in myself"
Investment in Self
Pending
Achieving significant financial goals (like building wealth, investing in property, or stocks) requires hyper-focus and dedicated learning, which in turn makes the necessary sacrifices feel more manageable.
"if your goal now is to build wealth if your goal is to invest in a rental property if your goal is to build a big stock market portfolio you got to get hyperfocused on that that means now you got to spend your time learning how to do that because when that's something that you want really bad you are going to figure out whatever it takes to do that and it becomes much easier to make those sacrifices"
Sacrifice for Financial Goals
Pending
Time, when utilized effectively, is the most powerful resource for discovering opportunities to grow and increase one's money.
"the resource that is the most powerful is your time of course you have to use your money smartly but your time if you can use your time the right way that's what's going to show you what you can do with your money that way you can grow your money"
Time as a Resource for Wealth Growth
Pending
A 'decade of sacrifice,' characterized by spending less and earning more to invest, is crucial for building wealth, and starting this process earlier in life is more advantageous.
"I call it a decade of sacrifice now of course it's easier to do this when you're in your 20s but it's easier to do it in your 30s and it is your 40s it's also easier in your 40s and your 50s and it's also easier in your 50s and your 60s but this is where the sooner you start the better it is because the decade of sacrifice where now this decade you are working to spend less and earn more that way you can do one thing invest your money that way you can build wealth"
Decade of Sacrifice for Wealth Building
Pending
Approximately 50 hours of focused effort are needed to learn the basics of a new skill, while 500 hours will lead to a high level of proficiency, surpassing most others.
"eventually once you put in 50 hours you're going to start learning the basics when you put in 500 hours you're going to know it really well you're going to know better than most people out there"
Skill Acquisition Timeline
Pending
Shifting time from passive entertainment to educational content can initially feel boring but will eventually lead to enjoyment and a preference for learning as one becomes accustomed to it.
"it's the same thing with your time when all you're used to is watching dumb TV shows and movies on Netflix where as soon as you start watching something educational it's going to feel so boring and so annoying and so stressful but as you start to watch more of the educational content now all of a sudden you're going to start liking it you're going to like the feeling of learning and becoming smarter"
Time Investment Principle
Pending
A person's mindset directly influences their actions, which in turn determines their outcomes. Changing one's mindset is achievable by altering how their time is spent.
"the way you think is going to change what you do and what you do is going to change what you get and the way that you can change what you think is to change how you spend your time"
Mindset Shift for Success
Pending
Exposure to negative environments, people, or attitudes will lead to the absorption of negativity, making positive and successful thinking difficult.
"when your brain is in a toxic negative brain killing environment whether that's around toxic people whether it's around drugs and alcohol whether it's around a bunch of broke people with negative attitudes you're going to be absorbing all this negativity"
Environmental Influence on Thinking
Pending
Reallocating free time to learning is an accessible method for rewiring the brain and altering thought patterns towards income growth and wealth building.
"the most accessible way to do that is just to reallocate that free time that you have to something that's going to allow you to learn that way you can start changing the way that your brain is wired and start changing the way that your brain thinks"
Reallocating Time for Brain Rewiring
Pending