ilmscore | Deadbeat Dad Steals Money From His Child | Financial Audit

Predictions from this Video

Total: 10
Correct: 3
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The speaker plans to move with their child once their wife is stationed in a new location.
"We are. My kid and I as soon as she gets stationed somewhere, we're going to up and move."
Military Deployment Relocation
Pending
The wife's monthly income from the military, including housing allowance, is expected to be around $5,500.
"Um, it should be around 5,500 a month with her housing allowance."
Wife's Military Income
Pending
A $10,000 investment growing at 10% over 14 years is projected to reach $40,000, covering the cost of a good college education.
"So that's going to be in 14 years $10,000 10% that would have been $40,000. There you go. Boom. That's the cost of college right there. That's the cost of real good college."
Child's Future College Fund
Pending
The speaker is projected to make their fifth trip to New York within the current year.
"You're going a fifth time this year."
New York Trip Frequency
Correct
A specific car loan, if only minimum payments are made without further purchases, will take 28 years to pay off.
"This takes 28 years to pay off."
Car Loan Payoff Timeline
Pending
Teslas are identified as depreciating assets whose value will continue to decrease over time.
"It's a depreciating asset. It's just going to keep going down."
Tesla Value Depreciation
Correct
The speaker plans to use the debt snowball method, starting with smaller debts and working up to larger ones.
"I got to do the snowball. Start with the small ones and build it up."
Debt Payoff Plan
Pending
A combined income and a $4,595 monthly budget is projected to allow for debt payoff within three years, aligning with the wife's military service end, and establishing an emergency fund.
"About a threeyear process to pay off the debt. And that's okay. that gets almost through her service and then once she's out you guys are living a great life in your 30s kind of starting fresh you know doing living a great life getting a fully funed emergency fund but right now you need $4,5955 to survive and you can't alone so you guys have to combine"
Combined Debt Payoff
Pending
The wife might take over the speaker's car payment due to her military service. The speaker hopes she is stationed somewhere nearby and is open to moving.
"She's going to help me put that cuz it's five. I hope they station her somewhere near there."
Wife's Military Service and Relocation Plans
Pending
The interest paid on the retirement fund loan is returned to the account.
"So, it's 4% interest, but the interest goes back into the account as I pay it."
Retirement Fund Loan Interest
Correct