ilmscore | $530,000 Of Taylor Swift Debt | Financial Audit

$530,000 Of Taylor Swift Debt | Financial Audit

Predictions from this Video

Total: 7
Correct: 1
Incorrect: 1
Pending: 5
Unrated: 0
Prediction
Topic
Status
The cost of living in Austin has decreased due to increased housing construction, suggesting that allowing developers to build more housing is the most effective solution to lower costs.
"cost of living um and compared to most places in the country has actually gone down in Austin, Texas because we actually build housing. Who who would have thought the fact of just allowing developers to build housing is really the only solution you need."
Cost of Living in Austin
Incorrect
Allowing developers to build housing is presented as the sole and effective solution for the housing market, contrasting with ineffective 'performative policies'.
"Who who would have thought the fact of just allowing developers to build housing is really the only solution you need. You don't need all these performative policies that sound like they're going to do well and then never actually work in any historical context."
Housing Market Solution
Pending
Tens of thousands of people lose their homes to foreclosure annually.
"Tens of thousands a year."
Mortgage Foreclosure Rate
Pending
The 'SAVE' plan (referred to as 'wrap plan' and 'new Trump administration's plan') could potentially reduce student loan payments to around $150 per month based on income.
"But you can get on the wrap plan the repayment assistance that is the new Trump administration's plan for you and your income. I could see your payment being about 150 bucks."
Student Loan Repayment Plan
Correct
Student loans are estimated to be paid off by 2049.
"You have these going through 2049 as the estimated payoff."
Student Loan Payoff Timeline
Pending
It is projected that by working hard for approximately five years, all debt (excluding the mortgage) can be paid off, allowing for financial independence by the time one child is nearing high school graduation.
"I mean, you can pay debt off in about 5 years. Your income will scale. It'll increase, but it's 5 years to sacrifice and really working your ass off, but it's worth it because again, I mean, a kid won't even be graduating uh or a kid, one kid will be close to be graduating high school and you'll finally be independent."
Debt Payoff Timeline
Pending
After paying off debt, the recommended financial strategy involves a 50/25/25 budget (needs/fun/investing), with potential adjustments to needs (55%) and fun (20%) if necessary, while prioritizing investing.
"Then you get a fully funed emergency fund and then you're living 50 2525 50% on needs, 25% of fun, 25% to investing. Your income should catch up and you'll make more money to where that mortgage should be closer to uh less than 50% and your needs you'll keep tight so you can have fun. But if you need to stretch your needs to about 55%, you then do 20% for fun. You do not take away from investing because you need to catch up on investing."
Future Financial State
Pending