He's So F*cked (I brought in his mom) | Financial Audit
Published: 2025-10-03
Status:
Available
|
Analyzed
Published: 2025-10-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 1
Prediction
Topic
Status
Interest rates were on the rise in 2023.
"And now, like, interest rates were on the rise. Yeah. Okay."
Correct
Student loan forgiveness was hoped for four years prior, but was denied by the Supreme Court three years prior.
"Well, I was hoping there was some kind of student loan forgiveness coming around the corner. Okay. That was literally four years ago and the Supreme Court said no three years ago."
Correct
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."
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."
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."
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."
Pending
Strategy for retirement savings: take 401k match, max out Roth IRA, then contribute additional funds to 401k if available.
"I would take your match up to your match. Then I would max out your a Roth IRA and then anything after the Roth IRA that contributes to that 25% if you have anything left over after you've maxed out your IRA, contribute more into your 401k."
Correct
Opting for a Roth version of a 401k (if offered by employer) allows for penalty-free withdrawals in retirement as the money has already been taxed, avoiding taxes on growth.
"And make sure if you have the option, which about 50% of employers do offer this, you take a Roth version of your 401k so that by the time you're 59 and a half, if you want to retire then and you're taking out penalty-free, the money's already been taxed so you're not getting taxed on the growth of the compound."
Correct
Recommendation to take investing, debt, and budgeting classes for financial literacy, with a focus on current needs and future investment growth.
"Take the investing class as well. That'll walk you through all that. Take the debt class, take the budgeting class, especially because that's what matters right now. Investing, as we go through the follow-ups with you, we'll get more deep into that."
Unrated
Current financial scores: Emergency fund 4/10, Retirement 1/10 (started), Real estate 0-1/10 (not a retirement asset in this context).
"So, emergency fund right now, uh, four out of 10. Retirement one out of 10. At least you started, I guess. Zero out of 10 for real estate. No, I can't even count that as retirement. Sorry. Zero out of 10. Ah, no. One out of 10."
Pending
The overall Hammer Financial Score is 1.5 out of 10, indicating significant room for improvement.
"Technically, Hammer Financial Score rounded up. Barely got over the threshold for the roundup. 1.5 out of 10. Guys, join Hammer Elite. This post show is about to be insane. I'll see you there. This is crazy."
Pending
A past instance involved IRS debt and an attempt to withdraw retirement funds, complicated by a friend stealing Drew's identity.
"This is crazy. She convinced you to take out $2,000 from your retirement, but not just take from retirement because you had IRS debt. I never pulled it out. Well, it was What the was going on? That is crazy. Shel's friend stole Drew's identity."
Pending