ilmscore | Why EVERYTHING Changes After $10K (7 Reasons)

Why EVERYTHING Changes After $10K (7 Reasons)

Published: 2025-03-10
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
An individual can reasonably save and invest $10,000 within 1 to 2 years by staying disciplined and earning additional income.
"I do think it's actually entirely reasonable to save and invest your way to 10K within 1 to 2 years provided you stay disciplined and are doing everything in your power to earn some more money on the side as well"
Personal Finance / Savings Goal
Pending
A $10,000 emergency fund will serve as a safety net, as most surprise expenses in life will not exceed this amount.
"10K is a great number because it can now double as a safe net because most surprise expenses that will ever happen to you in life will generally not exceed 10K"
Emergency Fund
Pending
Most surprise expenses will be under $1,000, some can be $2,000-$3,000, but rarely will they exceed $10,000.
"I think surprise expenses are less than $1,000 and in some cases they can get up to the $2 to $3,000 range but rarely are they going to be more than five figures"
Emergency Fund / Unexpected Expenses
Pending
Achieving financial successes will build confidence, reinforce belief in growth potential, and create a virtuous cycle of positive financial behavior.
"These successes will build confidence further reinforcing the belief in the potential for growth and then that just becomes a virtuous cycle and a really good feedback loop"
Personal Finance / Financial Psychology
Pending