ilmscore | The Most Hated Person In Financial Audit History

The Most Hated Person In Financial Audit History

Predictions from this Video

Total: 10
Correct: 2
Incorrect: 2
Pending: 6
Unrated: 0
Prediction
Topic
Status
The photographer achieved over $100,000 in revenue in the previous year.
"I hit six figures last year."
Photography Business
Pending
Based on a hypothetical repayment rate, it would take approximately 3-4 years to pay off $47,000 in debt.
"If it takes 8 months to pay off $6,000 of debt, do the mathematical equation. How long does it take to pay off $47,000?"
Debt Repayment Timeline
Incorrect
The individual plans to purchase a new car upon moving to San Diego, which is anticipated to occur after February.
"So, I'm going to get a new car when I move to San Diego. Not right this second in February before February. So, I'm going to get a new car when I move to San Diego."
New Car Purchase
Pending
A rent control policy in Sacramento is predicted to negatively impact housing affordability and development for the majority of its residents.
"Sacramento's for enacting a policy that's performative and sounds really good, but just makes housing more expensive for 98% of the population and discourages building."
Rent Control Policy Impact
Pending
The speaker asserts that rent control policies globally have consistently led to an increase in rent.
"There's not a single city in this world that has enacted rent control policies and rent did not only go up."
Rent Control Effectiveness
Incorrect
The photographer believes they can earn double their current income by relocating their business to San Diego, as the market there has higher spending on photo shoots compared to Sacramento.
"I make more money in SoCal. That's valid. So, I would travel less. Yeah, cuz Sacramento doesn't have money. People don't spend money on photo shoots in Sacramento. So, theoretically, I... San Diego has money."
Photography Business Growth in San Diego
Pending
Reducing travel expenses by approximately 20% through cheaper hotels and potentially eliminating rental car use could save a significant amount monthly.
"I don't always need rental cars... I could get cheaper hotels. Probably a lot. 10% 2550. What are we talking? ... 20%."
Travel Expense Reduction
Pending
By reducing travel expenses by 20%, the average monthly travel cost could be brought down to 10% of income, assuming a $10,000 monthly income.
"If you make 10 and you spend traditionally 33% on travel, that would be 3,300. But we can cut it by 20%. So, times.8. We can get your travel on an average of a 10% month."
Business Expense Budgeting
Correct
The estimated cost for catastrophic health insurance is $400 per month, despite a quote of $697, implying a more focused search for this specific type of coverage.
"So, 400 bucks I'm putting in there. They quoted me 697. I'm saying for catastrophic. You were You're not looking around, hole."
Catastrophic Health Insurance
Pending
The individual plans to purchase a new car upon moving to San Diego, which is anticipated to occur after February.
"So, I'm going to get a new car when I move to San Diego. Not right this second in February before February. So, I'm going to get a new car when I move to San Diego."
New Car Purchase Timeline
Correct