May This Love Never Find Me | Financial Audit
Published: 2025-06-16
Status:
Available
|
Analyzed
Published: 2025-06-16
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker believes the growth potential within their current plumbing company is superior to other companies, suggesting it's the best option for career advancement.
"the growth factor in this company is better than any other garbage company I've worked with. So, it's just like at a certain point, I don't really have any other better options."
Pending
The speaker projects a significant salary increase from $45,000 to $75,000-$80,000, citing substantial growth opportunities in the current role.
"But I want to get you closer to like 75 80. Right now you're at 45, right? But I'm like I'm jumping ahead of myself, but at the same time the room the room for growth is very huge."
Pending
The speaker notes that the current plumber's hourly wage ($25) is significantly below the Palm Beach average of $34.
"Palm Beach average hourly wage for plumbers is $34. So, you're substantially under that in terms of percentage wise."
Pending
The speaker's student loans are not due until October 2026, with estimated minimum monthly payments of around $100.
"they looked like it said it was due like October of 2026. 26. Yeah. So, it's like the end of year. Okay. Well, I'm not going to put a payment right now, but it's probably I will start paying them when they want a minimum pay. It's probably going to be about 100 bucks a month."
Pending
A specific credit card debt, if only minimum payments are made, will take 14 years to pay off.
"How long does this take to pay off if we do minimum monthly payments only while interests without making any purchases? ... It's going to be like four to five years. Okay. Like 13. Okay. It's going to be 14 years."
Pending
A credit card debt of $3,426 with a $122 minimum payment will take 6 years to pay off.
"Six years of minimum monthly payments. ... $3,426 and 74 cents with a minimum monthly payment 122. So, you're saying you have no insight into this cuz she just runs the finances and you're not involved."
Pending
The current car loan has an 84-month term, and despite some equity, the long payment period will accrue significant interest.
"You do have an equity position of maybe 2 to 3,000. I'm going to say 2,000. Probably a little less. Last time I checked it was like worth 14. We're getting about 13. Yeah, 13. We're getting 13. ... But what is horrible is the 84month term cuz that means that's going to acrew for so long. Yeah, cuz you're Well, no. Especially at the time we had barely gotten jobs. It was like mid pandemic like"
Pending
With current minimum payments and projected essential expenses, the couple has only $197.81 left monthly, leading to a 12-year debt payoff. With a hypothetical additional $2,000 net income, the debt could be paid off in one year, with an emergency fund in two years.
"But right now, your minimum payments are $835.19. ... If we had a sake, you can probably do 600 bucks to groceries. TP fund because there's a kid. 250 bucks for anything else that's necessary. ... If we had a sake, you can probably do 600 bucks to groceries. TP fund because there's a kid. 250 bucks for anything else that's necessary."
Pending
Given the 12-year projected debt payoff, bankruptcy is considered a faster alternative for most debts, excluding student loans.
"Uh, but right now, it's a 12-year process, which I would rather go through bankruptcy and clear a lot of this [__] except for the student loans, which won't be dismissed via bankruptcy."
Pending
Achieving a debt-free status and a six-month emergency fund is projected to take two years, contingent on behavioral changes, not just increased income.
"So, that is our goal that but you have to the the entire thing is you have to change your behavior to get there. This isn't just about getting another job. You get another job. Your behavior is you spend more money. So you need to follow a budget. Go through all of our educational programs. Use the budgeting app. Follow the budget here. Come on the follow-up channel. And we'll keep doing this process until we get you there. But that is what you have to do."
Pending
The couple receives a 0/10 for spending and budgeting due to consistent overspending.
"Spending a budget, you overspent. So zero out of 10."
Pending
Despite having significant debt, it is not in collections, resulting in a 2/10 score, rated as bad relative to their income.
"Debt, there's no collections or anything. It's not the worst that it's really bad for your income. I mean, it is bad debt, but it's not like like the crazy. It's just bad for your income. Two out of 10."
Pending
The couple's emergency fund is minimal, consisting of a few hundred dollars across accounts, earning a 1/10 score.
"Emergency fund, there was like a couple hundred bucks sitting in a couple different accounts. I'll give you a one out of 10."
Pending
Retirement savings have just begun, but the current rate of contribution is deemed insufficient, resulting in a 1/10 score.
"retirement. You just started, but you're dramatically buying. One out of 10 for the household."
Pending
The couple has no real estate holdings, leading to a 0/10 score, rounded up to 1/10 for the overall household.
"real estate. 0 out of 10. Hammer financial score. It is going to be rounded up to a one out of 10."
Pending
The speaker believes their current plumbing company offers superior growth opportunities compared to other companies in the industry, making it their best current career option.
"But the growth factor in this company is better than any other garbage company I've worked with. So, it's just like at a certain point, I don't really have any other better options."
Pending
The speaker suggests that refinancing student loans can lead to lower monthly payments and potentially relieve co-signers of their obligations.
"So, if you're tired of monthly payments so high that you can't afford a single sweet treat, why refi's got you. They'll arrange your repayment plan, ease the monthly hit, and even let your poor co-signer off the hook."
Pending
The speaker states that paying off a specific debt with minimum monthly payments will take 14 years.
"This is going to be like four to five years. Okay. Like 13. Okay. It's going to be 14 years."
Pending
A specific credit card debt will take 14 years to pay off if only minimum payments are made and no further purchases are made, meaning the child will be nearing high school graduation by then.
"It's going to be like four to five years. Okay. Like 13. Okay. It's going to be 14 years. So your kids going to be almost graduating high school by the time this is paid off if we don't purchase anything, which uh yeah, we purchased $430.96."
Pending
The speaker highlights that $8,829 in interest has accrued on a credit card debt.
"And $8829 of interest screwed on it. What the [ __ ] are you talking about?"
Pending
A specific credit card has an interest rate of 26.49%.
"26.49% interest rate. I didn't get the Wi-Fi. So why? Cuz I wasn't I don't know. I didn't see it. So it might load."
Pending
The speaker states that $400 in interest has been accrued on one card and over $1,000 in interest on all cards combined.
"Over the past year and a half, my team and I have worked with experts to create the literal best four financial education programs on the entire internet."
Pending
A specific credit card debt will take six years to pay off with minimum monthly payments.
"Six years of minimum monthly payments. This is all you. I don't know what you do with your cards."
Pending
A credit card debt will take 19 years to pay off with minimum payments. Even with additional purchases and minimum payments, the balance is increasing due to accrued interest.
"19 years to pay this one off. Gooding luck to everyone. $103 to purchases. balance went up even though we put a you put a little more than your minimum monthly payment on it, but the balance went up because you purchased and then $9789 interest hit then you purchase $103."
Pending
A specific credit card debt will take 21 years to pay off, meaning the child will be in their mid-20s by the time it's cleared.
"21 years to pay this one off. Your kid will be in their mid20s."
Pending
Student loan payments are expected to begin in October 2026, with an estimated minimum monthly payment of around $100.
"they looked like it said it was due like October of 2026. 26. Yeah. So, it's like the end of year. Okay. Well, I'm not going to put a payment right now, but it's probably I will start paying them when they want a minimum pay. It's probably going to be about 100 bucks a month."
Pending
The household's monthly expenses include $1,600 for rent, $200 for car insurance, and $200 for utilities and groceries contributed to the mother.
"So, we send two grand, but 1,600 is our rent. 200 is our car insurance cuz it's on her credit card for some reason. I don't under car insurance. 200. Okay. And then we send her an extra 200 for like utilities. Grocery. 200 for utilities. Okay. And groceries."
Pending
After all expenses, there is only $197.81 left per month, which is insufficient to pay off $30,000 in debt.
"you only have an extra $197.81 left on a monthly basis. You're never going to get out of debt with that. It's as easy as that. You have $30,000 of debt."
Pending
If an extra $2,000 net income is brought in monthly, the existing debt can be paid off in one year, and a six-month emergency fund can be established in two years.
"And with that, let's just say $2,000 total is left over. $30,000 2,000 we can pay off our debt and that's where yeah a year full payoff debt and having a six month emergency fund two years."
Pending
The household's spending and budgeting score is 0 out of 10 due to overspending.
"Spending a budget, you overspent. So zero out of 10."
Pending
The debt score is 2 out of 10, considered bad relative to income, but not the worst possible scenario.
"Debt, there's no collections or anything. It's not the worst that it's really bad for your income. I mean, it is bad debt, but it's not like like the crazy. It's just bad for your income. Two out of 10."
Pending
The emergency fund score is 1 out of 10, due to only a couple hundred dollars being available across different accounts.
"Emergency fund, there was like a couple hundred bucks sitting in a couple different accounts. I'll give you a one out of 10."
Pending
The retirement score is 1 out of 10, indicating that retirement savings have just begun and are insufficient.
"retirement. You just started, but you're dramatically buying. One out of 10 for the household"
Pending
The real estate score is 0 out of 10, indicating no investment or ownership in real estate.
"real estate. 0 out of 10."
Pending
The overall Hammer financial score for the household is rounded up to 1 out of 10.
"Hammer financial score. It is going to be rounded up to a one out of 10."
Pending
A specific credit card debt will take 19 years to pay off with current payment habits.
"19 years to pay this one off. Gooding luck to everyone."
Pending
The current car loan has an 84-month term.
"But you have an 84month term on a car and you want a second car."
Pending
The current car is valued at approximately $13,000, with cosmetic issues potentially reducing its trade-in value.
"We're getting about 13. Yeah, 13. We're getting 13. I don't know. Uh well, there's a little Yeah, it's cosmetic that probably brings it. You probably about break any of it. Something like that. And that's private. It's not even trade in."
Pending
The combined student loan debt is estimated to require about $100 per month in minimum payments starting in October 2026.
"So, they looked like it said it was due like October of 2026. 26. Yeah. So, it's like the end of year. Okay. Well, I'm not going to put a payment right now, but it's probably I will start paying them when they want a minimum pay. It's probably going to be about 100 bucks a month."
Pending
A recommended monthly grocery budget is $600, with an additional $250 for other necessary expenses.
"If we had a sake, you can probably do 600 bucks to groceries. TP fund because there's a kid. 250 bucks for anything else that's necessary."
Pending
The total minimum monthly debt payments, excluding rent and car insurance, are $400 ($200 for utilities/groceries and $200 extra contribution to mother).
"So, we send two grand, but 1,600 is our rent. 200 is our car insurance cuz it's on her credit card for some reason. I don't under car insurance. 200. Okay. And then we send her an extra 200 for like utilities. Grocery. 200 for utilities. Okay. And groceries."
Pending
The combined minimum monthly payments across all debts, excluding rent, are $835.19.
"But right now, your minimum payments are $835.19. I will drive here. Uh, 1,600. Mhm. Your your Yeah. Yeah. So, we send two grand, but 1,600 is our rent."
Pending
The household's total monthly income is $3,883.
"3,883 is what comes in on a monthly basis. 3,883 is what comes in on a monthly basis."
Pending
Without significant changes, the current debt will take 12 years to pay off, and bankruptcy is considered as a potentially quicker alternative for some debts.
"Uh, but right now it's a 12-year process, which I would rather go through bankruptcy and clear a lot of this [ __ ] except for the student loans, which won't be dismissed via bankruptcy. Um, because that would be quicker."
Pending
With an additional $2,000 in net monthly income, the household could potentially pay off their debt in one year and build a six-month emergency fund in two years.
"But right now, your minimum payments are $835.19. I will drive here. Uh, 1,600. Mhm. Your your Yeah. Yeah. So, we send two grand, but 1,600 is our rent. 200 is our car insurance cuz it's on her credit card for some reason. I don't under car insurance. 200. Okay. And then we send her an extra 200 for like utilities. Grocery. 200 for utilities. Okay. And groceries."
Pending
A specific credit card has an interest rate of 29.24%.
"29.24% interest rate. Sounds about right. It's insane. Yeah, it sounds about [ __ ]"
Pending
A specific credit card debt will take 14 years to pay off if only minimum payments are made and no further purchases are made.
"This is going to be like four to five years. Okay. Like 13. Okay. It's going to be 14 years."
Pending
The speaker highlights that $8,829 in interest has accrued on a credit card debt.
"And $8829 of interest screwed on it. What the [ __ ] are you talking about?"
Pending
A specific credit card has an interest rate of 26.49%.
"26.49% interest rate. I didn't get the Wi-Fi. So why? Cuz I wasn't I don't know. I didn't see it."
Pending
The speaker states that $400 in interest has been accrued on one card and over $1,000 in interest on all cards combined.
"Over the past year and a half, my team and I have worked with experts to create the literal best four financial education programs on the entire internet."
Pending
A specific credit card debt will take six years to pay off with minimum monthly payments.
"Six years of minimum monthly payments. This is all you. I don't know what you do with your cards."
Pending
A credit card debt will take 19 years to pay off with minimum payments. Even with additional purchases and minimum payments, the balance is increasing due to accrued interest.
"19 years to pay this one off. Gooding luck to everyone. $103 to purchases. balance went up even though we put a you put a little more than your minimum monthly payment on it, but the balance went up because you purchased and then $9789 interest hit then you purchase $103."
Pending
A specific credit card debt will take 21 years to pay off, meaning the child will be in their mid-20s by the time it's cleared.
"21 years to pay this one off. Your kid will be in their mid20s."
Pending
Student loan payments are expected to begin in October 2026, with an estimated minimum monthly payment of around $100.
"they looked like it said it was due like October of 2026. 26. Yeah. So, it's like the end of year. Okay. Well, I'm not going to put a payment right now, but it's probably I will start paying them when they want a minimum pay. It's probably going to be about 100 bucks a month."
Pending
A recommended monthly grocery budget is $600, with an additional $250 for other necessary expenses.
"If we had a sake, you can probably do 600 bucks to groceries. TP fund because there's a kid. 250 bucks for anything else that's necessary."
Pending
The household's total minimum monthly debt payments, excluding rent and car insurance, are $400 ($200 for utilities/groceries and $200 extra contribution to mother).
"So, we send two grand, but 1,600 is our rent. 200 is our car insurance cuz it's on her credit card for some reason. I don't under car insurance. 200. Okay. And then we send her an extra 200 for like utilities. Grocery. 200 for utilities. Okay. And groceries."
Pending
The combined minimum monthly payments across all debts, excluding rent, are $835.19.
"But right now, your minimum payments are $835.19. I will drive here. Uh, 1,600. Mhm. Your your Yeah. Yeah. So, we send two grand, but 1,600 is our rent."
Pending
The household's total monthly income is $3,883.
"3,883 is what comes in on a monthly basis. 3,883 is what comes in on a monthly basis."
Pending
Without significant changes, the current debt will take 12 years to pay off, and bankruptcy is considered as a potentially quicker alternative for some debts.
"Uh, but right now it's a 12-year process, which I would rather go through bankruptcy and clear a lot of this [ __ ] except for the student loans, which won't be dismissed via bankruptcy. Um, because that would be quicker."
Pending
With an additional $2,000 in net monthly income, the household could potentially pay off their debt in one year and build a six-month emergency fund in two years.
"But right now, your minimum payments are $835.19. I will drive here. Uh, 1,600. Mhm. Your your Yeah. Yeah. So, we send two grand, but 1,600 is our rent. 200 is our car insurance cuz it's on her credit card for some reason. I don't under car insurance. 200. Okay. And then we send her an extra 200 for like utilities. Grocery. 200 for utilities. Okay. And groceries."
Pending
The current car loan has an 84-month term.
"But you have an 84month term on a car and you want a second car."
Pending
The current car is valued at approximately $13,000, with cosmetic issues potentially reducing its trade-in value.
"We're getting about 13. Yeah, 13. We're getting 13. I don't know. Uh well, there's a little Yeah, it's cosmetic that probably brings it. You probably about break any of it. Something like that. And that's private. It's not even trade in."
Pending