ilmscore | Do These 7 Things In Your 40s To Retire A Millionaire In Your 50s

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Becoming wealthy is a decade-long process, not a short-term endeavor.
"It's not a six-month process. It's not a two-year process. It's not a fiveyear process. We're talking about a decade."
Wealth Accumulation Timeline
Pending
There is a significant delay between initial effort in wealth building and visible returns, often taking several years before significant progress is observed.
"Year one, you put in all this effort and you see zero return. Year two, you put in a whole bunch of effort and still really no return at all. Year three, you put in more effort and still very little return if anything at all. Year four, you start to see a little bit, but you're questioning yourself. I just put in four years of work and I'm seeing pennies as my result. Year five, you start to see a little bit more. And now you're starting to see, oh, maybe things are starting to pick up. Year six, things are starting to get a little bit better. Year seven, now things are starting to get a little bit better. Year eight, you finally start to see the light now."
Wealth Accumulation Timeline
Pending
The United States is predicted to be in a 'debt death spiral'.
"America's entering a debt death spiral."
US Debt
Pending
US government interest payments are nearing one trillion dollars annually.
"right now for the US government it's almost a trillion dollars a year that goes to interest payments."
US Government Interest Payments
Pending