ilmscore | Prediction Details
"instead of sending $500 a month I want you to send in $250 every two weeks. So now you're going to send in bi-weekly payments, and this essentially going to end up being the same, you're sending in $250 every 2 weeks or $500 over the course of every four weeks, but now you're not going to pay off your debt in 112 months, you're going to pay off your debt in just 95 months and now you're going to pay the same $30,000 of your principal balance, which is what you owe, but in the interest side of things instead of paying 25,800, you're only going to pay 21,200."
By Minority Mindset | January 7, 2024 | Pending
From video
This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again 01:13:39 - 01:14:17
Interpreted Prediction
Making bi-weekly payments (e.g., $250 every two weeks instead of $500 monthly) on a debt can reduce the payoff time from 112 months to 95 months and save over $4,500 in interest by paying off the principal faster.

Prediction Details

Topic
Debt Management

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