I F*cking Hate Them | Financial Audit
Published: 2025-12-15
Status:
Available
|
Analyzed
Published: 2025-12-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A suggestion is made to sell the current car, borrow the difference, and purchase a $10,000 car to reduce overall car debt from $23,316 to approximately $13,000, in order to improve the financial situation.
"I would do the car tradein thing that maybe brings us down to two years instead of two and a half. That helps. Then after that six month emergency fund and we need to catch up on retirement for the household. You're doing okay for yourself, but once we do the combined household, we're dramatically behind. So, we need to really start catching up on your end. What's your retirement?"
Pending
The current car payment of $470 is considered too high for the couple's income and existing debt, suggesting it is unaffordable.
"This is too much car for your guys' income, especially with all your debt. It's It's not even not even close."
Correct
One individual plans to transfer $7,000 from a 401k to a Roth IRA.
"And I'm transferring that into a Roth IRA."
Correct
To make progress on the $40,000 debt, a minimum of $400 extra per month is needed, which would pay it off in two and a half years. Selling the current car and buying a cheaper one could reduce this payoff time to two years.
"So, those are the minimum dollars that have to be coming in. Really to make any progress on this. Bankruptcy is not going to really solve much. U might be able to do a consolidation maybe or debt thing, but again that doesn't take your major debts are the ones and that aren't going to be forgiven in any of these unless you get rid of your car or your family dies. So, and we don't want any of that to happen. Okay. I would do the car tradein thing that maybe brings us down to two years instead of two and a half. That helps."
Pending
A water system purchased on credit has an outstanding balance of $12,442, with an interest rate of 13%, and it is 119 days late.
"So, this is brutally expensive. What's the interest rate on this? I don't know. It was 119 days late. I don't know. I literally don't know. It's above. It went up so much. It's 13."
Pending
A LASIK eye surgery costing $3,339 was financed, with a minimum payment of $109 and a late fee, as an alternative to buying expensive sports glasses.
"LASIK. You didn't have to get Lasic. Come. I get glasses. Glasses. Did I get glasses? I know how much glasses cost. Board sports with a helmet with a full face helmet on. Hard to do what? Board sports. Like sports with a full face helmet when you have glasses and then you break them glasses in much money."
Pending
A credit card with a limit of $7,000 has an outstanding balance of $8,590, which has not been paid and has been closed.
"You owe 8,000 where the credit limit is 7,000. I didn't pay on it. Yeah. No. What's the minimum to payment tit? I don't know. They closed it."
Correct
The individual had two cars totaled: the first by a past partner, and the second by a city truck which also resulted in a broken collar bone.
"The first one we got two from that place. The first one, my ex at the time or my ex now, but the my past relationship, he totaled it and so I got another one and then I got t-boned by a city truck, broke my collar bone and it totaled the car"
Correct
There is $3,395 in outstanding co-pays for hospital treatments related to depression.
"Uh, it's because I do uh treatments at the hospital for depression. No, it's not. Why do I see a balance of $3,395? It's co-pays. Well, it says balance. So, this is stacking up balances."
Unrated
The combined household debt is estimated to be around $43,000, with one individual estimating $20,000 of that to be on the other person's end.
"Okay. So, the household combined, what do you think it is? Cuz we're trying to make this a household. A combined household. I'd say somewhere about equal. So maybe $20,000 on her end. Okay. Which would bring us to as a household? $43,000."
Pending
The individual was laid off from a previous job but secured a new job as a receptionist within a week, now earning $21 an hour.
"I got laid off. And then the next week I got another job. So I That's the answer. That's the answer. Nothing else answered. Nothing else mattered. Yeah, cuz now I make a little bit more money. You're a receptionist. Well done. I'm proud of you. Thank you. Those poor customers. What do you make? I make $21 an hour."
Correct
One individual has a car loan with an outstanding balance of $23,000.
"So, for my side of things, I know I have like $23,000. It's the car payment. All right. It's a loan."
Pending
The couple's financial score is assessed: spending and budget adherence is 0/10, debt and collections is 0/10, emergency fund is 0/10, and retirement savings is rated 7/10 for one individual and 5/10 for the other.
"Well, you overspent. 0 out of 10. Debt, there's collection. 0 to 10. Emergency fund. There's nothing. 0 to 10. Retirement. This is the one thing we have going for us. So, you are at 10 and five, right? Right. Seven and five. And then you're at what? It's like seven."
Pending