Never Keep Over This Amount In Your Bank Account – Here’s Why
Published: 2025-10-15
Status:
Available
|
Analyzed
Published: 2025-10-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 3
Prediction
Topic
Status
The Federal Reserve has started cutting interest rates, leading to lower interest earned on savings accounts while prices continue to rise.
"The Federal Reserve Bank, which is the central bank here in the United States, just started cutting interest rates again, which means the interest rate that you're going to be paid by your bank on your savings, is going to be dropping while the prices of things are going to continue rising, maybe even faster than before."
Correct
Savings accounts not growing fast enough to keep up with inflation are causing people to effectively become poorer.
"So, if you have your money in your savings account and it's not growing fast enough to keep up with inflation. So you're slowly becoming poorer."
Correct
A common rule of thumb suggests the real inflation rate felt by individuals is often double the reported inflation number.
"And the inflation rate that many people feel according to the general rule of thumb in the financial space is that take this reported inflation number multiply it by two and that is often times the real inflation rate that many people are feeling."
Incorrect
Historically, the stock market and real estate have seen average annual growth of approximately 10% over the past century.
"Historically, the stock market and the real estate market have grown by around 10% a year over the last 100 years."
Pending
Cryptocurrency and startup investments are considered speculative, volatile, and carry higher risks, with uncertainty about their long-term future.
"cryptocurrency and startups particularly, are much more on the speculative side, meaning they're more volatile. you could see big swings up and down and you can have more risks because well when you invest in startups many of those startups will fail with cryptocurrency it's a much newer asset class and we don't know what it's going to look like in 2030 or 40 years"
Pending
Gold has experienced a strong bull run and significant price increase since 2020.
"gold has been seeing a very strong bull run since 2020 meaning it has gone up a lot since the 2020 pandmic mic and a lot of people are very excited about this movement in gold."
Correct
An emergency fund should typically cover 3 to 12 months of expenses.
"The amount of money you need to have in this emergency fund will be somewhere between 3 to 12 months depending on where you are in your financial journey."
Correct
Lower interest rates set by the Federal Reserve, especially if continued in 2025-2026, could exacerbate inflation in 2026.
"lower interest rates can contribute to higher inflation. Which means if the Federal Reserve Bank is going to continue cutting interest rates in 2025 and 2026, which is what they've been hinting at, well, that could also make the inflation problem worse in 2026"
Correct
Market crashes and recessions are viewed as opportunities for wealth creation as good investments become available at discounted prices.
"market crashes and recessions create more millionaires than any other time. Why? Because good investments go on sale."
Correct
The stock market experienced a 20% decline in 2022.
"In 2022, the stock market fell by 20%."
Correct
The stock market experienced a 35% decline in 2020.
"In 2020, the stock market fell by 35%."
Incorrect
During the 2008 crash, real estate prices significantly declined, and the stock market dropped by 40%.
"During the 2008 crash, real estate prices were decimated and the stock market fell by another 40%."
Correct
The US national debt has surpassed $37 trillion.
"The United States government owes more than $37 trillion."
Correct
President Trump has proposed a debt reduction plan that includes gold and cryptocurrency.
"President Trump has been proposing a new plan to help pay off this debt involving gold and involving crypto."
Incorrect