Fin
Financial Habits
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 35
Unrated: 1
Prediction
Author
Predicted at
Status
Video
Discussing money with others accelerates financial progress by learning from their experiences, strategies, and mistakes.
"The more you talk about money, the less scary and alone it feels. And the more you learn from other ..."
Dec 28, 2025
Correct
Financial success is determined by habits rather than external factors or income level. Developing the right habits can lead to outperforming those with higher incomes through better saving, investing, and compounding.
"Your financial future is not decided by any of this. It's decided by your habits. If you can build t..."
Dec 15, 2025
Correct
The speaker challenges the guest's perception of having 'real money,' stating that their debt exceeds their assets, indicating a negative net worth.
"The real money in my bank account, dude. Real money is you owe beyond more than you have. Beyond. Th..."
Nov 21, 2025
Pending
A prediction that the person has a habit of finding excuses to spend money at Home Depot, suggesting a pattern of unnecessary purchases.
"You're just endlessly finding excuses to spend money in Home Depot."
Nov 10, 2025
Pending
A prediction that financial shortfalls are due to poor tracking rather than a lack of income, emphasizing the need for better visibility into spending.
"You're not broke because you suck with money. You just can't see where it's going. If your bank acco..."
Nov 10, 2025
Correct
A prediction that the individual habitually finds reasons to spend money at Home Depot, suggesting a recurring pattern of non-essential purchases.
"You're endlessly finding excuses to spend money in Home Depot."
Nov 10, 2025
Pending
A prediction that a lack of financial progress is due to poor tracking, not necessarily bad luck or poor income, emphasizing the need for better visibility into spending.
"You're not broke because you suck with money. You just can't see where it's going. If your bank acco..."
Nov 10, 2025
Correct
A prediction that financial difficulties stem from poor tracking rather than a lack of funds, emphasizing the need for better spending visibility.
"You're not broke because you suck with money. You just can't see where it's going. If your bank acco..."
Nov 10, 2025
Correct
A prediction that joint financial responsibility should have been considered earlier, especially since both names were on certain financial obligations.
"You also had to during that whole entire time you should have thought about okay she's her names are..."
Nov 10, 2025
Unrated
A prediction that the household will need to embrace saying 'no' to spending and that blaming children for financial issues is unfair, as the adults also contribute to poor spending habits.
"We're going to need to start getting real comfortable with the word no. And I I think that it's unfa..."
Sep 22, 2025
Correct
It is predicted that significant financial habit change will take approximately six months to manifest observable results, starting with a two-week habit formation period.
"It takes like 6 months for change to happen. So, right, like six weeks. Six months. What is it? Two ..."
Sep 15, 2025
Pending
The guest hopes to make her business work by reducing contractor expenses. Despite having $2,500 in income and no overhead, her minimum monthly payments are $950, and her mother covers all other living expenses, suggesting a lack of financial independence and a flawed business model.
"So, what is the hope? The hope is like that I can actually make the business work, even if it means ..."
Sep 5, 2025
Pending
Prediction that the subject will maintain their debt indefinitely, similar to the average American.
"You're going to be like the average American, you just maintain your debt forever."
May 16, 2025
Pending
Speaker advises setting aside a significant portion of monthly salary into a separate account that cannot be touched, for the purpose of loan repayment.
"you will withdraw 000, that you cannot touch and from that 000 you will start paying off all your lo..."
Jan 11, 2025
Pending
Shift focus from impressing others with money to impressing them with hard work and dedication in 2025.
"In 2025, if you can make a promise to yourself that I am who I am without money On my own Ability, I..."
Nov 27, 2024
Pending
Individuals are incurring debt to purchase items that enhance their social media image, rather than their financial well-being.
"People are going into debt borrowing money to buy things that way they look cool on Instagram"
Jan 21, 2024
Pending
A vast majority of Americans lack awareness of their financial situation, including income, expenses, savings, and investment levels.
"Most Americans... have absolutely no idea of how much money they're making, how much money they're s..."
Jan 21, 2024
Pending
Having an amount equal to the cost of an item in your bank account does not equate to affordability if it represents your entire savings or essential funds.
"If you have $1,000 in your bank account, you cannot afford a $1,000 jacket"
Jan 21, 2024
Pending
True affordability means having the cash to purchase an item outright, which is distinct from the ability to manage monthly installment payments.
"There's a difference between being able to afford something and being able to make the monthly payme..."
Jan 21, 2024
Pending
The high cost of car ownership is identified as a primary contributor to financial struggles for many Americans.
"The reason why so many Americans are broke... it's because of how much money people are spending on ..."
Jan 21, 2024
Pending
A significant portion of car owners with payments are spending $1,000 or more monthly, a substantial financial burden.
"20% of all Americans who have a car payment have at least a $1,000 a month car payment"
Jan 21, 2024
Pending
A guideline for assessing affordability: if one cannot purchase five units of an item, it's likely beyond their means to comfortably afford even one.
"If you cannot buy five of them, you cannot afford one of them"
Jan 21, 2024
Pending
While saving is important, simply accumulating small amounts ('pennies') will not lead to significant wealth accumulation without a broader financial strategy.
"A penny saved is just a penny"
Jan 21, 2024
Pending
When income increases, it's crucial to also increase savings and investments proportionally, rather than solely escalating lifestyle expenses.
"When you get a raise in your income, you don't want to just raise your spending without raising thes..."
Jan 21, 2024
Pending
Financing a car is financially unwise because it involves paying interest on an asset that continuously loses value.
"Financing is never the smart financial decision when it comes to buying a car because when you finan..."
Jan 21, 2024
Pending
Cars are inherently money-losing assets. Paying interest to acquire them results in a double financial loss: depreciation and interest payments.
"Cars don't make money they lose you money and if you have to pay interest to buy something that is l..."
Jan 21, 2024
Pending
The financial disparity between different socioeconomic classes is defined by the source of funds used for acquiring non-essential items (liabilities).
"The difference between a rich person, a middle class person and a poor person financially is that a ..."
Jan 21, 2024
Pending
A home's classification as an asset is contingent on its potential to be sold for a gain; otherwise, it functions primarily as a liability due to ongoing costs.
"Your home is only an asset if you can sell it for a profit"
Jan 21, 2024
Pending
In the initial phase of a mortgage (approximately 14 years), the majority of payments are allocated to interest, benefiting the lender rather than building equity.
"For the first about 14 years of your mortgage the majority of your mortgage payment is going to be g..."
Jan 21, 2024
Pending
A significant portion of a 30-year mortgage term (around 15 years) passes before a substantial amount of payments contribute to building home equity.
"It takes about 15 years before you start making any significant contribution to your actual Equity b..."
Jan 21, 2024
Pending
Car leasing offers a premium experience but is only financially sensible for those who can genuinely afford the associated costs, similar to choosing first-class travel.
"Leasing a car is like going and flying first class... it comes with a lot of perks but you got to ha..."
Jan 21, 2024
Pending
The financial burden of car ownership extends beyond monthly payments, significantly impacting an individual's potential for future wealth accumulation.
"The real cost of your car is your future wealth"
Jan 21, 2024
Pending
A fundamental principle of wealth building is to allocate a portion of income to savings for emergencies and investments for future growth, rather than spending it all.
"You are not allowed to spend every dollar that you have because some of your money needs to be saved..."
Jan 21, 2024
Pending
A rule of thumb to determine affordability: if you can't buy five units of an item, you likely cannot afford even one unit without compromising financial stability.
"If you cannot buy five of them, you cannot afford one of them"
Jan 21, 2024
Pending
Zero percent APR financing is a successful sales tactic because it diminishes the immediate psychological impact of spending, leading consumers to overspend.
"The reason 0% APR is so profitable for businesses is because when you buy things with 0% APR you nev..."
Jan 21, 2024
Pending
A significant portion of content on social media, particularly Instagram, is not an accurate reflection of reality.
"More than half the stuff you see on Instagram is fake"
Jan 21, 2024
Pending
The majority of households lack sufficient emergency savings, making them vulnerable to financial shocks.
"8 out of 10 of your neighbors don't have a couple thousand in their bank account right now to protec..."
Jan 21, 2024
Pending
A significant majority of Americans are unable to cover unexpected expenses without going into debt.
"78% of Americans are living paycheck to paycheck"
Jan 21, 2024
Pending
It's financially illogical to allocate significant funds ($500/month) to non-essential car features (like a heated steering wheel) while having no funds available for investments.
"if you have $500 to put towards your heated steering wheel every single month but you don't have $50..."
Jan 21, 2024
Pending
For every dollar spent, invest ten cents.
"anytime you spend a dollar invest a dime"
Dec 17, 2023
Pending
Extreme frugality can lead to missed valuable life experiences.
"I shouldn't have been so Frugal to the point or I missed out on some really great experiences for th..."
Jan 2, 2023
Pending