ilmscore | Do This with Every Paycheck to Build Wealth Faster

Do This with Every Paycheck to Build Wealth Faster

Published: 2025-02-14
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
President Trump is considering eliminating income tax.
"President Trump is now considering getting rid of the income tax"
Income Tax
Pending
Proposed policy to tariff and tax foreign nations to enrich citizens.
"instead of taxing our citizens to enrich foreign Nations we should be tariffing and taxing foreign Nations to enrich our citizens"
Trade Tariffs
Pending
The Fair Tax Act of 2025 aims to abolish the IRS.
"The fair tax act of 2025 was a bill proposed which would effectively abolish the IRS"
Fair Tax Act
Pending
The S&P 500 has historically averaged a 10% annual return over the past century.
"over the last 100 years the stock market the S&P 500 has grown by an average of 10% a year"
Investment Strategy
Pending
Prioritize paying off high-interest debts before investing.
"if you have any sort of highin debts you want to attack that before you worry about investing"
Debt Repayment Strategy
Pending
Maintain an emergency fund covering 3 to 12 months of expenses.
"you want to have somewhere between 3 to 12 months worth of expenses"
Emergency Savings
Pending
A recommended allocation of income is 75% for spending, 15% for investing, and 10% for saving.
"75 cents is the maximum that you can spend 15 cents is the minimum you invest 10 cents is the minimum that you save"
Savings Allocation
Pending