ilmscore | Septum Piercing Freak Makes Financial Audit History

Predictions from this Video

Total: 3
Correct: 1
Incorrect: 0
Pending: 2
Prediction
Topic
Status
Paying off a $1400 debt with a $69 minimum payment will take 8 years, while paying $300/month would take less time.
"If I paid $300 a month... That would pay it off in a certain amount of time. So would your minimum monthly payment of $69. So would $250. So 251 and two and three and four. I... What? That's such I don't get that answer. Okay. Yeah. Time. How many years? The minimum. No purchases, minimum monthly pay payments only. 10 years. 8 years."
Debt Payoff Timeline
Correct
There are two ways to succeed in business: create something unique or offer something substantially better than competitors. The guest's proposed business idea is unlikely to succeed due to lack of uniqueness.
"Those are the two ways you essentially have to go about it. That's is the most simple, easy version. Guarantee there's like 50 Latino athletic wares and you're not going to get there. I'm sorry. Like, you'll have some friends and family support it, but this is not revolutionary enough to get you there. Or you haven't told me what is going to be so beyond industry changing that no one else is doing that you're bringing to that. Do you have that answer? No."
Business Strategy
Pending
If the guest budgets effectively, it will take 22 months to pay off her debt, 2 years to build a fully funded emergency fund, and 2.5 years to become an adult and move out.
"Uh, at the current rate if you actually budget which I honestly don't think you will cuz you're stuck in I don't know I hope you do I hope you do takes 22 months so 2 years that's not bad that is worth it takes less than two years to get a fully funed emergency fund let's call it two and a half years total pay off debt get a fully funed emergency fund move the out become an adult"
Debt Payoff Timeline
Pending