ilmscore | This Has Never Happened Before | Financial Audit

This Has Never Happened Before | Financial Audit

Published: 2025-09-10
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 6
Incorrect: 1
Pending: 2
Unrated: 1
Prediction
Topic
Status
The speaker predicts that individuals who use debt consolidation loans will likely have double their debt within a year, implying it's not a sustainable solution for spending problems.
"you come back on a year later, it's going to be double the debt."
Debt Consolidation
Incorrect
The speaker emphasizes that delaying retirement savings is detrimental due to the loss of compound growth, stating that deciding to start later is not a viable strategy.
"If I want to build it up at some point and get to it, the if you just say, 'Oh, once I get to it, once I decide to do it, that's not how it works. That's not how the math works in terms of compound growth."
Retirement Savings
Correct
The speaker questions the value of spending $1,200 annually on virtual spaceships in a game that has been in alpha for a decade, highlighting it as a financially questionable expenditure.
"And you're giving $1,200 a year. What's expensive? What are you getting? So, they're they're spaceships. You you buy virtual spaceships that you can fly around in."
Gaming Expenditures
Pending
The speaker criticizes the decision to lease a new car while being in significant debt, labeling it as 'dumb behavior' given the financial circumstances.
"You got a brand new car. You're You're swimming in death debt and you got a brand new dumb car."
Car Leasing
Unrated
The speaker withdrew funds from their 401k because they were not contributing and not receiving an employer match, implying the funds were not actively growing or beneficial.
"Because I wasn't contributing it to it and I didn't get employer match. So, that money was just kind of sitting there doing nothing."
401k Withdrawal
Correct
The speaker argues that debt consolidation, especially at high interest rates, does not solve underlying behavioral issues and that the existence of late fees and interest charges indicate continued financial mismanagement.
"The only reason you are no longer acrewing interest on here is because you have a debt consolidation. So, I don't give a [ __ ] about your special little spreadsheet. This is an actual debt that exists right now with late fees. And interest this year, by the way."
Debt Consolidation Effectiveness
Correct
The speaker advises canceling subscriptions that are not essential, even if they seem legitimate, arguing that the cost accumulates and is a drain on finances.
"Cancel them. It doesn't make any sense. Stop being a boron. Some of them. There's some that are legitimate. They're all legitimate. It doesn't mean you need them."
Subscription Spending
Correct
The speaker criticizes the strategy of only making minimum payments on most credit cards while prioritizing spending on a Door Dash card, deeming it 'stupid' and 'moronic' behavior.
"Paying for our co-workers foods and they don't even pay us back and we're going and we're we're only making minimums on all our cards except for the one card where we're getting all our Door Dash on so that we can pay it off and spend more on the Door Dash card. So stupid. So moronic."
Minimum Payments on Credit Cards
Correct
The speaker highlights the irrationality of leasing an expensive new car while in debt, emphasizing that the individual will not own the asset and the monthly cost is a significant financial burden.
"You got a brand new car. You're You're swimming in death debt and you got a brand new dumb car. Yeah, it's a lease. $800 lease. $800 a month is something you're not even going to own."
Car Purchase Behavior
Correct
The speaker questions the individual's spending priorities, specifically purchasing an expensive vacuum instead of focusing on moving in with their girlfriend or improving their financial situation, indicating a disconnect between stated goals and actions.
"You want your girlfriend, you don't even live with her. You didn't even get in a place with her. Wanted a spot clean vacuum. So, you got it and you affirm the $3,000 one. Like, I don't even know what we're doing."
Priorities in Spending
Pending