ilmscore | He's So F*cked (I brought in his mom) | Financial Audit

Predictions from this Video

Total: 4
Correct: 1
Incorrect: 1
Pending: 2
Prediction
Topic
Status
Student loan garnishment is likely to start in April of the following year, with a minimum monthly payment of $133.73.
"It looks like they'll start garnishing in April of next year, but your regular minimum payment amount is going to be 133.73 is your minimum monthly."
Student Loans/Default
Incorrect
Credit card debt of $13,369.40 can be paid off in 13 months with a monthly payment of $1,000.
"At $1,000 a month, that is just literally 13 months. That is not bad at all."
Credit Card Debt Payoff
Correct
A fully funded emergency fund of approximately $10,500 can be saved in about 9 months, with lower monthly payments after debt reduction.
"So you save that up over the course of the next uh because your minimum monthly payments will be substantially lower by $87. No, by lower you have the car payment and stuff, but about $400, $300. You'll save up that fully funed emergency fund in about 9 months."
Emergency Fund
Pending
Allocating 25% of income towards retirement will allow for sufficient time in the market and necessary percentages for a dignified retirement.
"And then 25% to retirement that will give you the time in the market in the percentage necessary to have a very dignified and happy retirement."
Retirement Savings
Pending