I (almost) Gave Up.. | Financial Audit
Published: 2025-10-15
Status:
Available
|
Analyzed
Published: 2025-10-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 1
Prediction
Topic
Status
The speaker is introducing a new version of their budgeting app, implying significant improvements and a positive future for users employing these tools.
"The tools to change your life have just been upgraded. Download my budgeting app rebranded to DollarWise today and start your free trial."
Pending
A specific prediction of the total debt amount the guest is facing.
"I see $133,779.38 of debt."
Pending
The guest received $530 per week in unemployment benefits, totaling $2,000 per month.
"I had supplemental income for about $530 a week. But it's not great. That is $2,000 a month."
Correct
The guest spent $2,200 on eating out in one month.
"How much went going out to eat? I would say 2,200."
Pending
The guest spent their entire unemployment income on eating out.
"You would spend over your unemployment on literally going out to eat?"
Pending
The guest's wife earns $1,600 bi-weekly, totaling $3,200 per paycheck and $6,600 per month in household income.
"She brings in just about 1,600 a paycheck. That's every other week. So 32. So we're talking a total of $6,600 a month."
Correct
A prediction that the federal minimum wage has not kept pace with company productivity increases, leading to a perceived broken economic system.
"News flash. It has been over 16 years since the federal minimum wage was raised to $7.25. 25 and company productivity has doubled while our wallets have not. And let's be honest for a second. Feels like the system is broken."
Correct
A prediction that individuals with low credit scores (under 600) can see significant credit score improvements (average of 84 points) within a year by consistently making on-time payments.
"People with credit under 600 saw an average increase of 84 points in one year just by paying on time."
Correct
The guest's spending on eating out was $1,500 in the analyzed period.
"I saw $1,500 going out to eat. We all saw that, right? Did we all hear that?"
Unrated
A prediction that the guest's focus on food spending and debt payments indicates a deeper behavioral issue.
"I think food's always on your mind. Debt payments. They don't get tits for no reason."
Pending
The guest's spending on eating out was twice their net debt payments.
"You spent double your net debt payments to going out the feet."
Unrated
A prediction that the guest will let their credit card go to collections and then pursue debt consolidation.
"You're going to let your credit card die. Go to go all collections and just do some debt consolidations."
Pending
A prediction that the guest needs to demonstrate behavioral change and address potential addictions for at least three months without relapse before undertaking further financial strategies.
"You need to change your behavior before you do any of that for at least three months consistently. No relapses. And that means facing your addiction that you likely have."
Pending
A strategy to sell the current car, borrow $10,000 to cover the negative equity, and purchase a used car for around $20,000, reducing the overall car debt significantly.
"I might borrow 10. I would sell it. borrow $10,000 to cover the gap once we make some more progress on debt and boost your credit up. And then borrow $10,000 on a used car that two mechanics approve that will last you safe for a couple years to come. That gets you down from $41,000 to $20,000."
Pending
The guest's federal student loan payments are predicted to be around $50-$100 per month due to automatic enrollment in the SAVE repayment plan based on their income.
"Your student loans will be about 250 bucks. I'm actually you're going to be automatically enrolled into the RAP plan repayment assistance program at your income level, household income. I'm going to assume your payment is going to be like 100 bucks a month. Okay, maybe 50."
Pending
A prediction that the guest will obtain a car loan with a high interest rate (around 19%) through a lender like Capital One, but it will be manageable within their debt snowball plan.
"This would be through like Capital One or something. Yeah, you might. You're going to trade in possibly maybe a negative equity position. You're going to take out a loan like close to like 19%. Something like that. Yeah, it's going to suck, but it doesn't matter cuz you're not going to have it for long cuz you're going to include in your snowball."
Pending
The guest's Hammer Financial Score is predicted to be 0 out of 10 across multiple categories including spending, debt, emergency fund, retirement, and real estate.
"Spending your budget, overspend, 0 out of 10. Uh, debt. I mean, yeah. I mean, there is there's the $7,000 a day I even do for unemployment. 0 out of 10. Emergency fund, nothing. 010. Retirement, nothing. 0 out of 10. Real estate, nothing. 0 out of 10. It's a hammer. Financial score 0 out of 10."
Pending
A specific prediction of the guest's total debt, reaching $133,779.
"Oh my god. $133,779."
Pending
The speaker suggests that the current situation (ordering DoorDash to one's car while working as a DoorDasher) represents a particularly insane and unprecedented behavior, implying a potentially unstable economic or behavioral trend.
"And I'm not going to lie, the craziest thing I think I've ever heard on this show. I've seen crazy numbers. That's not a crazy number. I mean, you have crazy numbers. You have a fat stack of paperwork. That is for sure. But that might be the craziest thing I've ever heard someone do."
Pending
The guest had to pay back unemployment benefits because the state ruled they did not qualify due to the nature of their departure from a contract job, indicating potential future scrutiny or changes in unemployment benefit policies.
"The state came back after me for it. Good. I'm sorry for your child's health issue. It's not about that. It's about uh if you have a contract at the very clear end, and not only that, but you're quitting it, you don't get to qualify for what we're paying into where people usually get fired."
Correct
It will take 17 years to pay off a specific debt if only minimum payments are made and no further purchases are added.
"This is 17 years to pay off if you do minimum payments only without any purchases."
Pending
A car loan for a used car is projected to have an interest rate of approximately 19%.
"You're going to take out a loan like close to like 19%. Something like that."
Incorrect
Student loan interest is accruing while in forbearance, with an estimated optional interest payment of $1,387.
"your minimum it's just scaling because it's acrewing interest. I mean, listen, your optional interest payment alone is 1,387."
Pending
The balance on private student loans is approximately $56,000.
"That's about 56,000."
Correct
The speaker suggests selling the current car to reduce debt and borrowing $10,000 for a reliable used car, reducing the total car debt from $41,000 to $20,000.
"I might borrow $10,000 to cover the gap once we make some more progress on debt and boost your credit up. And then borrow $10,000 on a used car that two mechanics approve that will last you safe for a couple years to come. That gets you down from $41,000 to $20,000."
Pending
Due to the Repayment Assistance Program (RAP) at the individual's income level, monthly federal student loan payments are estimated to be around $50-$100, starting in summer next year (presumably 2026).
"Your student loans will be about 250 bucks. I'm actually you're going to be automatically enrolled into the RAP plan repayment assistance program at your income level, household income. I'm going to assume your payment is going to be like 100 bucks a month. Okay, maybe 50."
Pending
The private student loans are currently in forbearance, with interest continuing to accrue, leading to a projected payoff balance of $53,970.13 with an 11% variable interest rate.
"The private student loans. What was your degree? [...] This is my last thing. That means I don't have savings. That means I don't have retirement"
Pending
Given the inability to pay off existing debt, the advice is to let credit cards go to collections, explore debt consolidation, and demonstrate behavioral change for at least three months before considering further options.
"You might just let your credit card die. Go to go all collections and just do some debt consolidations. Take whatever tools you can cuz you can't pay for this. This is done. But you need to change your behavior before you do any of that for at least three months consistently. No relapses."
Pending
The individual's financial score is assessed as 0 out of 10 across multiple categories including spending, debt, emergency fund, retirement, and real estate.
"Spending your budget, overspend, 0 out of 10. Uh, debt. I mean, yeah. I mean, there is there's the $7,000 a day I even do for unemployment. 0 out of 10. Emergency fund, nothing. 010. Retirement, nothing. 0 out of 10. Real estate, nothing. 0 out of 10. It's a hammer. Financial score 0 out of 10."
Pending