ilmscore | This Has Never Happened Before | Financial Audit

This Has Never Happened Before | Financial Audit

Published: 2025-12-12
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 1
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The speaker predicts that the guest will not face significant IRS penalties for not filing taxes, despite the IRS sending letters and having deadlines, due to the child tax credit offsetting potential liability.
"You can't say you're learning when I have the numbers in front of me and there was no learning that was done. You can't say that. Sure, it looks good for the camera, but you can't say that. That's not what was done in the paperwork learning. You didn't act. Maybe you learned. You know, that's even worse. Let's pretend you did learn. Now, you're actively choosing not to do it. So, that's no longer arrogance. That's no longer ignorance. This is being a bad person."
Tax Filing
Pending
The speaker identifies opening credit cards for a business the guest was not part of, paying business taxes without ownership, and neglecting personal IRS tax obligations for three years as primary causes of the guest's financial issues, rather than past personal circumstances.
"No, I don't think so. I think it's you opening up credit cards for a business you weren't a part of and then paying th $9,000 in taxes of a business you weren't a part of and never paying your taxes for the IRS that you owe even though you've known you own bad taxes for three years. I'd say those are bigger causes not because you took some nut."
Financial Agency
Pending
The speaker predicts that the car loan late fees, incurred due to the guest's bank account being emptied, will not be reversed by the lender since the issue occurred at the beginning of the previous year.
"So, yeah. So, I didn't make the payments because all they like emptied my bank account and I had to go through my bank to get all that money back and the charges and everything. So, the ladies were on there uh beginning of last year."
Car Loan
Correct
The speaker outlines a prediction that acquiring a second job and increasing income by 10-20% will allow the guest to pay off their debt within a few years.
"There is the go get a second job that gives you an extra few hundred bucks that starts paying down debt. It's going to take a while to pay off debt, but you'll pay it off in a few years. Okay. start working on getting a better job. We mass supply around. We're doing something to boost our income by at least 10 to 20."
Debt Management
Pending
The speaker predicts that after successfully adhering to a tight budget for 2-3 months, the guest will be in a position to consider bankruptcy to eliminate most of their debt, with the exception of their car loan, signifying a behavioral change leading to financial restructuring.
"Number three, change up your behavior for 3 months. Follow this budget, you'll be underwater by eight bucks. But follow this budget for 2 to 3 months. If you prove you can do that and you've built those disciplined bones and muscles, go through bankruptcy. Get rid of this except for the car."
Financial Behavior Change
Pending
The speaker predicts that after implementing debt repayment strategies, the guest's next financial goal should be to establish a one-month emergency fund, followed by a six-month emergency fund, and then to begin investing, indicating a phased approach to financial security.
"Then you get to play from here. Obviously we'll get you our investing, our budgeting, our debt, our real estate class, all the classes. You get them. Go through them. Educate yourself on all the details on how to build these skills. but then build these skills and then take those three options. That's where this is ending. Okay."
Emergency Fund
Pending