ilmscore | You're 1 Move Away From Exploding Your Wealth

You're 1 Move Away From Exploding Your Wealth

Predictions from this Video

Total: 29
Correct: 16
Incorrect: 0
Pending: 8
Unrated: 5
Prediction
Topic
Status
The company Briefs Media is transitioning to Briefs Finance due to the economic changes driven by AI.
"We're transitioning to Briefs Finance. Part of the reason for that is because the whole world and economy is changing because of AI."
Briefs Media to Briefs Finance Transition
Correct
AI is making it difficult for traditional media companies to compete, necessitating a shift towards AI-powered technology and software development.
"And so that's when we had to make a big switch, which is why we're transitioning to briefs finance. We're going to be a fintech company forward powered by Media. So, we're investing now into our own AI. We're investing into our own software. We're investing into our own technology, which is a huge, huge financial investment."
AI Impact on Media Companies
Correct
Consistently investing $4 per day over a sufficient period will lead to retiring as a millionaire.
"Even with $4 a day, if you do this for enough time, you will retire a millionaire."
Retiring a Millionaire
Correct
The primary method to achieve wealth is through investing money, which allows individuals to retire as millionaires, regardless of their employment status.
"The way you become wealthy is by investing your money. Period. That's why anybody, whether you work a job or own a business, can retire a millionaire if you know how to grow your money."
Asset Ownership for Wealth
Pending
Wealthy individuals focus on managing and growing their investments, living off the returns, rather than solely working to earn money.
"Wealthy people are not working to earn money. Wealthy people are working just to manage their investments, grow their investments, allocate their money, allocate their capital. That way they can figure out how they can keep growing their money because all they do is live off of their investments."
Wealthy People's Strategy
Unrated
Owning assets through diligent work is a key to long-term financial benefit, as these assets can continue to generate income indefinitely.
"And what they know is if you put in the work to own the assets now, you own the asset. You own it once you own it. It's yours. And that asset can keep paying you forever."
Long-term Asset Value
Correct
Rental properties purchased in 2011 are still generating passive income monthly.
"The investments that I purchased back in 2011, my rental properties that I bought in 2011 out of foreclosure during the 2008 great financial crisis are still paying me every single month."
Rental Property Investment
Correct
Acquiring financial education and investing knowledge can initiate positive changes in one's life trajectory, enabling calculated risk-taking.
"Start learning about financial education. Start learning about investing. Once you start changing your knowledge, now you start taking risks to help you that better that knowledge."
Trajectory Change through Financial Education
Unrated
Significant positive financial changes and self-positioning are achievable over a 10-year period through consistent effort.
"It's not going to happen in one day. It's not going to happen in a year, but you can see a completely different positioning of yourself over the course of 10 years."
Long-term Financial Positioning
Pending
Russia claims the US is attempting to devalue its $37 trillion national debt using stablecoins, cryptocurrency, and gold without public disclosure.
"Russia accused the United States of trying to devalue its $ 37 trillion of national debt without informing the American people. How? By using stable coins, crypto, and gold."
Russia's Accusation on US Debt Devaluation
Pending
Briefs Media is transitioning to Briefs Finance, becoming an AI-powered fintech company, because AI presents significant competition to traditional media in financial news and research.
"The reason why is I'm trying to show you the things that I'm seeing with my own eyes in the economy in the world right now. And as a media company, we did two things. We would publish financial news... And then we would publish investment research... Well, all that is good, but now when you add AI into the mix as a media company, it's much harder to compete against AI. And so that's when we had to make a big switch, which is why we're transitioning to briefs finance. We're going to be a fintech company forward powered by media."
Briefs Media/Finance transition to AI
Correct
AI is making it significantly harder for traditional media companies to remain competitive.
"And as a media company, it's much harder to compete against AI."
AI impact on media companies
Correct
Briefs Finance is making a substantial financial investment in developing its own AI, software, and technology, including hiring seven full-time developers, despite not yet generating revenue from this initiative. This is a calculated risk based on observed economic trends.
"So, we're investing now into our own AI. We're investing into our own software. We're investing into our own technology, which is a huge, huge financial investment. We went out and hired I think we have seven developers working full-time. Yes, seven developers working full-time that we're paying for. We haven't launched the product yet, but paying for seven developers full-time along with all the data that we're paying for, along with all the tools that we're paying for, it is expensive and we haven't made a single penny yet and we're not launching it for months because well, this is a risk that we have to take because I see where the economy is moving."
Briefs Finance investment in AI and technology
Correct
Investing money is the definitive path to wealth, enabling anyone, regardless of employment status, to retire as a millionaire through effective money growth.
"The way you become wealthy is by investing your money. Period. That's why anybody, whether you work a job or own a business, can retire a millionaire if you know how to grow your money."
Long-term wealth building
Correct
It is possible to retire as a millionaire by investing as little as $4 per day in the markets, provided this is done consistently over a sufficient period.
"There are simple ways to start investing. You can just invest your money into the markets. Even with $4 a day, if you do this for enough time, you will retire a millionaire."
Retiring a millionaire with small daily investments
Pending
Increasing income to invest more aggressively is the key to building lasting wealth that can be passed down through generations, by acquiring income-generating investments.
"If you work to earn more money, to invest more money, you are going to build wealth that you will keep for the rest of your life that your kids can have, that your grandkids can have because you used your money to buy investments that pay you."
Wealth building through increased income and aggressive investment
Pending
Earning more money primarily for the purpose of purchasing luxury items like bigger houses, faster cars, and nicer vacations is a detrimental financial strategy.
"Because most people are working to earn more money so they can have a bigger house, a faster car, and nicer vacations. And this is one of the stupidest things that you can do when you earn more money."
Distinction between earning money for consumption vs. investment
Correct
Seeking quick returns through meme stocks or cryptocurrencies is characterized as trading or gambling, with a high probability of losing invested capital, rather than a sustainable long-term investment strategy.
"If you invest your money, you want to see a quick return. and you want to throw it into a meme stock or this hot cryptocurrency. That way, you can hopefully double your money in 6 months, but that's not really how it works over the long term. That's trading, that's gambling. You can make a lot of money very quickly, but chances are you're going to lose it all."
Critique of quick returns in investing
Correct
Wealthy individuals focus their efforts on managing and growing their investments, living solely off the income generated by these assets, rather than actively earning money from employment.
"And this is the game that wealthy people are playing. Wealthy people are not working to earn money. Wealthy people are working just to manage their investments, grow their investments, allocate their money, allocate their capital. That way they can figure out how they can keep growing their money because all they do is live off of their investments."
Living off investment income
Correct
Owning assets such as businesses, real estate, or stocks, acquired through dedicated effort, provides perpetual income to the owner.
"And what they know is if you put in the work to own the assets now, you own the asset. You own it once you own it. It's yours. And that asset can keep paying you forever. And by assets, I mean businesses, I mean real estate, I mean stocks, whatever type of investments that can keep paying you for owning them"
Long-term value of owning assets
Correct
Rental properties acquired in 2011 are still generating consistent monthly income, managed by a property manager, and contributing to the owner's bank account.
"The investments that I purchased back in 2011, my rental properties that I bought in 2011 out of foreclosure during the 2008 great financial crisis are still paying me every single month. I don't work at them. I haven't seen them in years. My property manager is doing all the work and they're sending me reports every single month, but they're putting money into my bank account month after month after month."
Rental property returns
Correct
A single strategic decision to alter one's knowledge, risk tolerance, and discipline can initiate a cascading positive effect, altering the trajectory of subsequent decisions and overall life path.
"Because that one move once you start to change your knowledge, you start to change your risk, you start to change your discipline, that one move can change the trajectory of your next move, which can change the trajectory of your next move."
Trajectory change through knowledge, risk, and discipline
Unrated
The path to success is often a series of escalating opportunities, where each successful step leads to a more advantageous one.
"you'll find an opportunity that'll take you to a better opportunity. That'll take you to a better opportunity that'll take you to a better opportunity."
Positive chain of opportunities
Unrated
Acquiring financial education and knowledge about investing is crucial for breaking negative financial cycles, and this knowledge then informs the taking of calculated risks.
"Start learning about financial education. Start learning about investing. Once you start changing your knowledge, now you start taking risks to help you that better that knowledge."
Financial education and investing as a path out of negative cycles
Correct
A significant period of sacrifice, specifically 10 years, involving reduced spending and increased earnings, is advocated for aggressive investment.
"I mean, you've heard me talk about the decade of sacrifice, 10 years Not 10 days, 10 years of spending less and earning more so you can invest like crazy."
Decade of sacrifice for investment
Pending
Statistically, the majority of the population, over 50% in the US, are financially insecure, dissatisfied with their jobs, unhappy financially, and physically unhealthy.
"And right now, the majority of people are broke, unhappy, stuck at a job they don't like and fat. Now, I don't say this in a mean way, and I don't say this in general terms. I say this statistically, that more than half of the population in the United States are unhappy. They're not happy at their jobs. They're not financially happy. And they're physically unhealthy."
Majority financial status
Pending
Employees who consistently receive raises and promotions are often those who work harder, go the extra mile, and put in additional effort.
"If you ever notice the people at the jobs that keep getting the raises and promotions or the people that you might not like, maybe because they work so hard, they keep putting in that extra mile, they keep doing that extra work that you feel like they're they're overdoing it."
Performance of hard-working employees
Correct
A mindset of caring and dedication extends beyond the workplace, positively influencing health, relationships, and spiritual life.
"And oftentimes that mindset doesn't end at the job. That mindset carries over to everything that they do in their life. Because when you care, not only do you do a good job at your job, but you do a good job on your health, you do a good job in your marriage. You do a good job in your own spiritual life because you care."
Long-term impact of positive mindset and effort
Unrated
Significant changes in one's financial position are achievable over a 10-year period, rather than immediate results in a day or a year.
"It's not going to happen in one day. It's not going to happen in a year, but you can see a completely different positioning of yourself over the course of 10 years."
Long-term financial positioning
Pending
Russia alleges that the United States is attempting to devalue its $37 trillion national debt using methods like stable coins, cryptocurrency, and gold, without public disclosure.
"Russia accused the United States of trying to devalue its $ 37 trillion of national debt without informing the American people. How? By using stable coins, crypto, and gold."
Russia's accusation regarding US debt devaluation
Pending