ilmscore | 7 Life Lessons I Wish I Knew Earlier

7 Life Lessons I Wish I Knew Earlier

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Naval believes that it's possible to regain wealth within 5-10 years even after losing everything, by leveraging developed skill sets.
"Naval says I'd like to think if I lost all my money and you dropped me on a random street in any English-speaking country within five or ten years I'd be wealthy again because it's just a skill set I've developed that anyone can develop"
Wealth Creation
Pending
The speaker observes two distinct reactions to AI development: fear and resistance leading to job loss concerns, versus proactive adoption for business streamlining and opportunity creation.
"on one side there's a group of people that think it is the worst thing ever they resist it they think it should be contained or stopped and they fear that it will lead to mass job losses huge negative consequences and then there's another group of people who are already using it they've started forming their business around it they're using it to streamline processes and help them open up new opportunities"
AI Development Impact
Pending
It's financially beneficial to outsource tasks that can be done by professionals for less than the value of your own hourly earnings, to maximize potential income.
"if you earn 50 per hour in your job or your business and you spend five hours doing a task that a professional could do for a hundred dollars you're effectively losing out on 150 250 of your potential earnings minus the hundred dollars cost by doing this task to yourself"
Personal Finance - Outsourcing
Pending
A low credit score can lead to higher interest rates on significant purchases like mortgages and cars, potentially costing tens of thousands of dollars over 5-15 years.
"if your credit score is lower because you didn't focus on it you may qualify for a higher interest rate and over the course of 5 10 15 years time this can cost you tens of thousands"
Personal Finance - Credit Score Impact
Pending