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 is essentially going to end up being the same you're sending in $250 every 2 weeks or $500 over the course of every 4 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 so you're going to save over $44,500 in interest and you're going to save another year of paying off this credit card bill"
By Minority Mindset | April 14, 2024 | Pending
From video
Why You NEED To Invest 15% Of Your Paycheck To Build Wealth - Jaspreet Singh 01:47:39 - 01:48:25
Interpreted Prediction
Making bi-weekly debt payments instead of monthly can significantly reduce the payoff time and total interest paid, saving tens of thousands of dollars and a year of payments.

Prediction Details

Topic
Debt Payment Frequency

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