ilmscore | They Trained You To Be Poor — Here’s How To Unlearn It

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
Investing $850 per month at an average market return of 10% could yield over $1.1 million in 25 years, over $3 million in 35 years, and over $8 million in 45 years.
"If you invested the $850 a month into yourself instead of just giving it away to BMW and you got the average market return, which historically has been about 10% a year, and you invested your money for 25 years... you would have over $1.1 million with the average market return. If you did this for 35 years, well, now you're not going to have $1 million or $2 million. You're gonna have over $3 million. And just so we can have a little bit of fun, if you did this for 45 years, well, now instead of having a car that's worthless, you would have an investment portfolio worth over $8 million."
Investment Portfolio Growth
Pending
Despite historical recessions and market crashes, the stock market has shown an upward trend over the last 100 years.
"Over the last 100 years, we've seen 16 recessions and 25 market crashes. But despite the recessions, despite the market crashes, we've continued to see the market go up."
Stock Market Performance
Pending
To achieve financial independence and quit a job without lifestyle changes, one needs to generate an annual income from investments equivalent to their current salary.
"If you make $80,000 a year from your job, you need to make $80,000 a year from your investment income to be able to quit your job and live your life without changing anything you're doing."
Financial Independence
Pending