ilmscore | Why Net Worth EXPLODES After $100K (And How to Get There ASAP)

Why Net Worth EXPLODES After $100K (And How to Get There ASAP)

Published: 2024-02-08
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Accumulating the first $100,000 will take 7.84 years, assuming $10,000 in annual savings and a 7% investment return.
"saving up to your first 100K in this case would take you about 7.84 years if you were to save 10K each year and you invested it"
Wealth Accumulation
Pending
Accumulating the second $100,000 (to reach $200,000 total) will take 5.1 years, assuming $10,000 in annual savings and a 7% investment return.
"getting to 200k Total would only take you 5.1 years"
Wealth Accumulation
Pending
Accumulating the third $100,000 (to reach $300,000 total) will take 3.78 years, assuming $10,000 in annual savings and a 7% investment return.
"then it's 3.78 years"
Wealth Accumulation
Pending
Accumulating the fourth $100,000 (to reach $400,000 total) will take 3.01 years, assuming $10,000 in annual savings and a 7% investment return.
"3.01 years"
Wealth Accumulation
Pending
Accumulating the fifth $100,000 (to reach $500,000 total) will take 2.5 years, assuming $10,000 in annual savings and a 7% investment return.
"and finally the fifth 100K only takes you 2.5 years"
Wealth Accumulation
Pending
Accumulating the next $100,000 after reaching a $1 million net worth will take 15 months, assuming $10,000 in annual savings and a 7% investment return.
"the next 100K after you hit a million dollar is only 15 months"
Wealth Accumulation
Pending
A person saving $15,000 annually with a 4.5% investment return will reach $105,000 after 6 years.
"if you save $15,000 a year for 6 years and you're able to attain a modest 4.5% return on your savings you would be at $105,000 after 6 years"
Wealth Accumulation
Pending
Accumulating the first $100,000 will take 7 years, assuming $10,000 in annual savings and a 10% investment return.
"let's say you save $10,000 per year but you average a 10% return it will take you 7 years at a 10% return"
Wealth Accumulation
Pending