ilmscore | Prediction Details
"the reason why so many Americans are broke if you had to just pick one item it's because of how much money people are spending on their car more and more Americans now have a $1,000 monthly car payment I think it was 20% of all Americans who have a car payment have at least a $1,000 a month car payment that is a whole rent payment for a lot of the country so now when you're spending $1,000 a month just on the car payment you got to pay for the expense of gas the next thing you got to pay for is the expense of insurance the next thing you got to pay for is the expensive oil changes and then the next thing you got to pay for is the expensive maintenance on top of all of that so it's not just a $1,000 a month car payment you got to pay now you're paying $3,000 a month just to keep up with this car so now if you want to break out of thatt go out and buy a used car with cash if you were going to put $8,000 down to go out and finance this nice car take the8 Grand go out and buy a car with cash yeah it's not as nice but you don't got to worry about the payments now you take those payments and you reinvest it back into yourself"
By Minority Mindset | January 7, 2024 | Pending
From video
This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again 01:33:51 - 01:34:50
Interpreted Prediction
A significant reason for American financial struggles is high car expenses, with many paying over $1,000 monthly for car payments alone, plus gas, insurance, and maintenance, potentially reaching $3,000 monthly. The advice is to buy a used car with cash to eliminate these payments.

Prediction Details

Topic
Car Ownership

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