ilmscore | Financial Audit’s Most Special Guest

Financial Audit’s Most Special Guest

Predictions from this Video

Total: 19
Correct: 7
Incorrect: 1
Pending: 11
Unrated: 0
Prediction
Topic
Status
Predicts a financial collapse occurring approximately every 8 to 10 years, impacting the trucking industry and the economy broadly.
"The debt situation seems like there's a financial collapse like every 8 to 10 years and even with truck drivers there's still being economic collapse across the board."
Financial Collapse Cycle
Pending
Weight loss surgery in Mexico is estimated to cost between $4,000 and $5,000.
"If you get down to Mexico, it's about 4 grand, 5 grand."
Weight Loss Surgery Cost
Correct
Expected recovery time for weight loss surgery is around 3 weeks, with a desire for a longer break.
"Surgery can be you can probably be back within maybe 3 weeks, but I want to take longer off just to be sure."
Weight Loss Surgery Recovery Time
Correct
Predicts a significant number of people will lose their homes, likely due to economic downturns or market instability.
"A lot of people lost their homes."
US Housing Market
Pending
Foresees the replacement of long-haul truck drivers with autonomous driving technology.
"talking about automation replacement like autonomous drivers for long haul"
Autonomous Trucking
Incorrect
Offers guaranteed interest rates under 6% for private student loan refinancing, leading to lower monthly payments.
"With guaranteed interest rates under 6%, they offer a pathway towards lower monthly payments."
Private Student Loan Refinancing Rates
Correct
Owes $13,528.41 to the IRS due to contractor work.
"$13,528.41 is owed to the IRS because you were a contractor."
IRS Debt
Pending
Estimates owing $20,000 in total to Oklahoma state taxes.
"You think you owe 20,000 Oklahoma? Correct."
Oklahoma State Tax Debt
Pending
A vehicle worth $34,769.33 is estimated to be worth around $27,000, with an additional $5,000-$10,000 reduction due to damage.
"You owe $34,769.33. What is it worth now? 210,000 less. Also, it does not take into account the damage, but it's being generous. The value we have about 27,000."
Car Value Depreciation
Correct
Current debt levels will take 86 months (over 7 years) to pay off, suggesting a need to increase income or consider bankruptcy if behavior doesn't change.
"it's going to take 86 months to pay off the debt. Pick up as many extra miles, trips, whatever you can. Do you get paid per per mile? Yes. Good. Take you just grind it. Grind it. Grind it. If I don't want you to be single forever, but if you're choosing to be single forever, grind it out. Pay off this debt cuz right now it's going to take seven years. So, you may as well do bankruptcy again at that point."
Debt Payoff Timeline
Pending
The speaker predicts a financial collapse will occur every 8 to 10 years, affecting the economy broadly, including truck drivers.
"the debt situation seems like there's a financial collapse like every 8 to 10 years and even with truck drivers there's still being economic collapse across the board"
Financial Collapse
Pending
The speaker predicts that the guest will undergo weight loss surgery but will regain the weight, similar to a previous experience (implied bankruptcy).
"You're going to get it, then you're going to blow your stomach again."
Weight Loss Surgery
Pending
Doctors require patients to lose weight before surgery to reduce risk and demonstrate an ability to maintain weight loss post-surgery, as the procedure only reduces stomach size.
"getting them lose as much weight as possible makes it less risky. That's the obvious. Two, it's the showing that they have an inkling of the behavior that is going to actually make them lose weight after the surgery cuz all it's doing is reducing your stomach by what 90%. So with that, it's showing that you're going to actually maintain through."
Weight Loss Surgery Behavior Change
Correct
The speaker predicts a high failure rate for weight loss surgery over time, particularly for the bypass procedure, due to individuals not maintaining the necessary lifestyle changes.
"it's a huge failure rate with that surgery anyway when it comes to people actually losing over time and holding the bypass."
Weight Loss Surgery Failure Rate
Correct
The speaker notes that the guest is accumulating interest and penalties on IRS debt for three years of unpaid taxes and is currently making payments.
"There's three years. How much? Oh my. So, that's one year. Yes, that's one year. There's 21. Let's start with this. Let's start with this dude. Okay. You're acrewing interest and penalty. Are you paying are you making payments?"
IRS Debt
Pending
The guest estimates owing $20,000 in Oklahoma state taxes, in addition to IRS debt.
"You think you owe 20,000 Oklahoma? Correct. Okay. Separately from the IRS to confirm. Correct."
Oklahoma State Taxes
Pending
A vehicle purchased for approximately $34,769.33 is now valued around $27,000, or potentially $5,000-$10,000 less due to damage, indicating significant depreciation.
"You owe $34,769.33. What is it worth now? 210,000 less. Also, it does not take into account the damage, but it's being generous. The value we have about 27,000."
Vehicle Depreciation
Correct
Based on current spending and income, it will take 86 months to pay off the guest's existing debt.
"this is going to take 86 months to pay off the debt."
Debt Payoff Timeline
Pending
If the guest can earn an additional $1,000 per month, their debt can be paid off in three years.
"Bring in an extra $1,000 a month, pay this off in three years."
Debt Payoff Timeline with Extra Income
Pending