ilmscore | How To Be a Millionaire on a Low Salary

How To Be a Millionaire on a Low Salary

Published: 2025-05-15
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
An individual investing $3,000 annually into the S&P 500 from age 18 will have $1,358,000 by age 65, assuming an 8% return.
"If you're able to start at age 18, investing $3,000 per year, by the time you're 65, your ending balances will be 1.358 million."
Investment Growth
Pending
An individual investing $3,000 annually into the S&P 500 from age 25 will have $777,169 by age 65, assuming an 8% return.
"If you start at the age of 25, that value at 65 years old will be 777169."
Investment Growth
Pending
An individual investing $3,000 annually into the S&P 500 from age 35 will have $339,849 by age 65, assuming an 8% return.
"And if you start at the age of 35, it'll be around $339,849."
Investment Growth
Pending
An individual investing $3,000 annually into the S&P 500 from age 45 will have $137,000 by age 65, assuming an 8% return.
"And as you can see here, if you start at the age of 45 or 55, your ending balances are going to be much worse. 137K and 43K."
Investment Growth
Pending
Individuals who implement all four financial pillars (frugality, aggressive investing, belief in investing, and multiple income streams) will achieve millionaire status (a 7-figure net worth).
"Now, if you're able to implement all four pillars into your life, I know that you're going to achieve incredible things, including that elusive 7 figure mark."
Personal Finance / Wealth Accumulation
Pending
An individual investing $3,000 annually into the S&P 500 from age 55 will have $43,000 by age 65, assuming an 8% return.
"And as you can see here, if you start at the age of 45 or 55, your ending balances are going to be much worse. 137K and 43K."
Investment Growth
Pending
An individual investing $5,000 annually into the S&P 500 will have $731,656 after 30 years, assuming average S&P 500 returns.
"If you're making $50,000 per year and you're able to invest $5,000 or 10% of your income every single year into the S&P 500, after 30 years of investing and getting an S&P 500 average return, you'll have a balance of $731,656."
Investment Growth
Pending
If an individual invests $5,000 annually into the S&P 500 for a total of 34 years (30 + 4), their investment balance will reach $1.038 million, assuming average S&P 500 returns.
"Now, if you're able to invest for just four more years, that investment balance then reaches $1.038 million."
Investment Growth
Pending
If an individual invests $5,000 annually into the S&P 500 for an additional 20 years (total 54 years), their investment balance would be $5.57 million, assuming average S&P 500 returns.
"if we had an extra 20 years of compounding, then our ending balance will be really, really different. Using our same example, our balance would then be $5.57 million."
Investment Growth
Pending