ilmscore | Why People with the Same Income End Up Rich or Broke

Why People with the Same Income End Up Rich or Broke

Published: 2025-01-07
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
Humphrey's $6,000 investment in the S&P 500, earning 8% per year, is predicted to grow to over $60,000 in 30 years.
"Humphrey $6,000 could eventually turn into over $60,000 in about 30 years"
Investing
Pending
Humphrey, by investing $2,400/year for 10 years (total $24,000) from age 20-30, is predicted to have a higher total wealth by age 65 than Graham, who invested $2,400/year for 35 years (total $84,000) from age 30-65, illustrating the power of early investment.
"Humphrey contributed only $24,000 total versus Graham contributed $84,000 over the course of his life but yet because of the 10-year Head Start it was Humphrey who still had the higher ending balance"
Investing
Pending
Humphrey's total investment of $24,000 (contributed during his 20s) is predicted to grow to over $630,000 by the time he reaches 65 years old.
"Humphrey would have over $630,000 all from an initial contribution of $24,000 in his 20s"
Investing
Pending