ilmscore | Focus on These 4 Numbers to Become a Millionaire

Focus on These 4 Numbers to Become a Millionaire

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Mastering the four discussed financial numbers will lead to becoming a millionaire soon.
"if you master these numbers, I believe that you too will become a millionaire soon enough."
Personal Finance
Pending
Most Americans saving less than 5% of their income are guaranteed to never become millionaires, without a significant windfall.
"Most Americans save less than 5% of their income, which virtually guarantees that they'll never be a millionaire unless they get a crazy windfall of money like an inheritance, lottery, or maybe a huge payout from their company."
Personal Finance
Pending
Achieving a savings rate of 10-20% or more of take-home pay will easily lead to becoming a millionaire in one's lifetime.
"if you're able to just reach a savings rate of 10% minimum, or maybe upwards of 20% or more, you will easily become a millionaire in your lifetime."
Personal Finance
Pending
A higher savings rate will result in becoming a millionaire faster.
"The higher your savings rate, the faster you will become a millionaire."
Personal Finance
Pending
Individuals who maintain a savings rate of 10% to 20% or more of their take-home income will achieve millionaire status in their lifetime.
"But if you're able to just reach a savings rate of 10% minimum, or maybe upwards of 20% or more, you will easily become a millionaire in your lifetime."
Personal Finance / Wealth Accumulation
Pending
Contacting a competing insurance company can save an individual $300-$500 per year on insurance.
"Often times, if you call a competing insurance company, you may be able to find a cheaper insurance rate to the tune of 300 to even $500 per year, depending on how many cars or items you have to insure."
Personal Finance
Pending
By comparing insurance companies, individuals can save $300 to $500 annually on insurance costs.
"Often times, if you call a competing insurance company, you may be able to find a cheaper insurance rate to the tune of 300 to even $500 per year, depending on how many cars or items you have to insure."
Personal Finance / Cost Savings
Pending