ilmscore | How to Hit Your First $50K In Net Worth (Step by Step Blueprint)

How to Hit Your First $50K In Net Worth (Step by Step Blueprint)

Published: 2024-07-11
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
Saving $6,000 per year ($500/month) for 6 years with a 10% investment return will lead to a net worth of $50,900.
"If you save $6,000 per year or $500 a month for 6 years and you get a rate of return of 10% investing that you will actually have $50,900"
Personal Finance / Net Worth
Pending
The stock market is expected to deliver an average annual return of 8-10%.
"you can reasonably expect to get around a 10% return in the stock market historically and that's before taxes so if you really wanted to round down you could say an average of 8% per year"
Stock Market
Pending
Investing $2,400 annually in the stock market for 40 years is projected to accumulate $52,000.
"if you invested that same $2,400 compounded over 40 years in the stock market you'd have 52k in 40 years"
Personal Finance / Investment
Pending