ilmscore | Your Ultimate Financial Plan in 10 minutes

Your Ultimate Financial Plan in 10 minutes

Published: 2024-06-23
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
To retire early with an annual need of $50,000, an investment pot of $1.25 million is required, based on the 4% withdrawal rule.
"she calculated how much she needs during retirement and it's 50,000 annually... the way to work out how much you would need in Investments is you take your annual number 50,000 in this case and times it by 25... that is 1.25 million"
Early Retirement
Pending
A 30-year-old aiming to retire by 50 can achieve a $1.25 million portfolio by investing $2,300 per month, assuming an 8% average rate of return.
"if she's 30 right now and wants to retire by the time she's 50 then assuming an average rate of return of 8% she can start by putting in 2,300 a month into her Investments That Way by the time she's 50 she would have put in 552 th000 but her portfolio would be worth 1.25 5 million"
Early Retirement Savings
Pending
To retire in 15 years (from the current age of 30, meaning by age 45), an additional $1,000 per month in investments is required beyond the current margin.
"if she wants to retire even sooner so in 15 years then she'll need to find a way to put an extra 1,000 a month in which is more than what her margin is at the moment"
Early Retirement Savings (Accelerated)
Pending
To save $120,000 for a home down payment within 5 years, $2,000 per month must be saved.
"if she needs 120,000 saved up within the next 5 years... to save 120,000 in 5 years she needs to save 120,000 divided by 60 months 2,000 per month"
Home Purchase Savings
Pending
To build a cash buffer of approximately $35,000 (covering 12 months of fundamental costs of $2,900/month) within 2 years for entrepreneurial pursuits, $1,458 per month needs to be saved.
"given her living expenses or fundamental costs which she already has calculated are 2,900 a month she would need to save up just under 35,000 which is the 2,900 time 12 over the next 2 years so if you break that down you need to save 1,458 a month to build up that cash buffer"
Entrepreneurship Cash Buffer
Pending
The speaker's home deposit investment has yielded less than if the same amount had been invested in the stock market over the same period.
"it has the amount that I put in towards the deposit for my home is worth less than had I put that same amount into the stock market"
Property Investment Performance
Pending