The Most Bat-Sh*t Insane Woman In Financial Audit History
Published: 2025-06-18
Status:
Available
|
Analyzed
Published: 2025-06-18
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker predicts it will take 9 years to pay off a $2,687 credit card balance if only minimum payments are made and no further purchases are added.
"It's going to take 9 years to pay this off if you do not purchase on it and you only do minimum payments."
Pending
A credit card balance of $3,788.54 with a $129 minimum monthly payment is projected to take 20 years to pay off.
"This one [credit card]... minimum monthly payment $129. 20 years to pay this one off."
Pending
The speaker utilized ChatGPT's guidance to enroll in an income-driven repayment plan for student loans, resulting in zero monthly payments.
"I asked my buddy Chat GPT what to do and he guided me through. And I signed up for the income driven repayment thing. And so I when I don't know like two months ago. Okay. Okay. And so I owe I pay zero."
Pending
The speaker expects their student loans to be forgiven after 15 years of on-time payments under the current income-driven repayment plan.
"If I make the payments on time for 15 years or something, then it all goes away. If they continue to allow that, we'll see."
Pending
The speaker estimates the individual should have approximately $80,000 in retirement savings in three years, indicating they are significantly behind their target.
"Where should you be right now? In three years, you should be at approximately $80,000. So, you're dramatically behind."
Pending
A mutual fund with a 1.12% annual expense ratio is projected to result in a 1.12% loss of investment value each year.
"The net expense ratio is 1.12% a year. What does that mean? You're losing 1.12% a year."
Pending
The speaker contrasts high expense ratios with lower ones, citing SPY at 0.09% and Vanguard at 0.03%, highlighting the significant cost savings of lower-fee options.
"the expense ratio for example spy is instead of 1 point whatever the other one was 0.09. 09. Okay. So, dramatically less. Mhm. Dramatically less. Or for example, Vanguard's 0.03."
Pending
The speaker explains the debt snowball method, which involves paying off the smallest debts first to gain psychological wins.
"The snowball method is to unlock the minimum monthly payments that you are putting towards the USA bank. You attack the USBA bank first. You kill it quick without putting any money extra towards other banks."
Pending
The advice is to prioritize paying off high-interest debt (30%) over investing if there's no employer match, as market returns are unlikely to consistently beat this rate.
"I would just take the match until you pay off this debt. Cuz still, even with the best returns, I don't have a a match. Then you shouldn't be investing anything. You should be paying off 30% debt cuz you're not going to beat that in the market."
Pending
A 1.12% annual expense ratio on an investment is considered too high, leading to a significant loss of potential returns.
"I don't know. It net expense ratio is 1.12% a year. What does that mean? You're losing 1.12% a year?"
Pending
At age 37 with $29,000 in retirement savings, the individual is significantly behind schedule, with an expected benchmark of $80,000 in three years.
"We are in RBC Wealth Management. Not sure. uh $29,000. Okay. Where should you be right now? In three years, you should be at approximately $80,000. So, you're dramatically behind."
Pending
The individual is utilizing an income-driven repayment plan for student loans, guided by ChatGPT, which has resulted in zero payments for the past two months.
"I asked my buddy Chat GPT what to [__] do and he guided me through. Okay. And what did he guide you to? And I signed up for the income driven repayment thing. And so I when I don't know like two months ago. Okay. Okay. And so I owe I pay zero."
Pending
The speaker expresses frustration with individuals who exploit social programs like income-driven student loan repayment by intentionally not working, suggesting this practice negatively impacts the perception of such programs and highlights a flaw in the system.
"The people that come on the show like you, it just makes me look like the most like conservative person. I promise. I mean, I don't I we don't do politics, but I promise I am pretty neutral down the middle. I'm right on issues, I'm left on issues. I just try to go where the facts are and I will change my opinion every day, any day, whenever new information comes out. But my goodness, people like you. I know. What a joke."
Pending
With approximately $8,618 in debt and an extra $233 available for payments, it will take 3 years to pay off the debt, which is considered a long time due to a lack of financial respect.
"8,61854 of bad debt divided by your extra 233. That's it. You have no respect for the dollar cuz you've just been enabled your entire life. And then we've paid for you. What a joke you are. Oh, I'm disgusted. Takes 3 years to pay off your debt. Good luck. I'm disgusted. I'm ending it."
Pending
The child will likely have to postpone their own life plans to care for the parent due to the parent's financial choices, even if not done intentionally.
"He's going to have to defer everything to take care of you. He's really not cuz you're going to have Why would you never put that on him? No, it's not you doing it intentionally. It's that you did it via your choices still, though."
Pending
The individual is 12 years away from being able to access retirement accounts without penalties but is unwilling to take beneficial financial actions.
"You're literally 12 years away from being able to take away money from a tax advantage account without early retirement penalties. I'm not doing all that. I'm not doing all that. I'm not. Yeah. Why would you do things that are good for you?"
Pending
The student loans may be forgiven after 15 years of on-time payments under current policies, but this is subject to future changes.
"If I make the payments on time for 15 years or something, then it all goes away. If they continue to allow that, we'll see."
Pending