ilmscore | The Credit Card Crisis Is Here: Do This Now!

The Credit Card Crisis Is Here: Do This Now!

Published: 2023-08-11
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
A $5,000 credit card balance with a 22% APR will take 23 years to pay off, costing over $8,500 in interest.
"it would take you 281 months or 23 years and you would have paid over eight and a half thousand dollars worth of interest"
Credit Card Debt Payoff Time
Pending
Under predatory terms (e.g., 2% minimum payment), a $5,000 credit card debt could accrue $48,000 in interest and take over 106 years to repay.
"if for example it's two percent of your balance which some predatory credit card companies will do that five thousand dollars could turn into forty eight thousand dollars worth of interest in over 106 years to pay off"
Credit Card Debt Payoff Time (Predatory Terms)
Pending
First student loan payments will resume in October 2023.
"by October of this year in 2023 the first student loan payments will start back up again"
Student Loan Payments Restart
Pending
The student loan 'on-ramp' leniency program will end on September 30, 2024.
"this program ends on September 30th 2024"
On-Ramp Leniency Program End
Pending
The speaker is investing $100 daily into VTI, an ETF offering exposure to over 4,000 stocks.
"I'm buying 100 per day of an ETF called vti This is the stock Market the golden standard and what's cool about it is that with this one ETF I have exposure to over 4 000 individual stocks inside of it"
Stock Market Investment (VTI)
Pending
The speaker is investing in the Schwab SCHD dividend ETF, which yields 3.5% annually.
"the second ETF that I'm buying is a dividend ETF it's Charles Schwab's schd and what's nice about this one is that it pays three and a half percent dividend yield or interest per year"
Dividend ETF Investment (SCHD)
Pending
The speaker is dollar-cost averaging into Bitcoin with approximately $100 per day as a hedge against inflation and USD devaluation.
"as a hedge to the US dollar and potential inflation in the future I'm also dollar cost averaging into Bitcoin a hundred dollars per day here and there"
Bitcoin Investment
Pending