ilmscore | She Came Here To Cancel Me | Financial Audit

She Came Here To Cancel Me | Financial Audit

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The speaker predicts that the individual's current business is failing and not sustainable, urging them to pursue a career instead of continuing with a hobby that generates only $1,000 a month and requires moving back in with their father.
"Listen, you are the person I see you guys get stuck endlessly. You work on working but you never actually push to achieve something. You always work on trying to work. But you never accomplish anything. And it is not working. And look, I mean, you're bringing in $1,000 a month, you had to move back in with dad to get 26. And I'm not saying it's bad to live with parents or anything like that. a lot of other cultures do. But the fact is you obviously did because your business is failing and you don't have enough money to sustain yourself your life, which means you are failing. Your business has failed. You need a career and you can do this as a hobby. And if you build a client list big enough to actually sustain, then you could try it."
Business Viability
Pending
The speaker predicts that the couple's current spending habits will lead to the destruction of their financial future, causing them to go further into debt.
"You guys are destroying your financial future, spending like you have unlimited money, but you're just going further in the hole."
Financial Future
Pending
Based on minimum payments for an over-maxed credit card with a $8,437.83 balance, the speaker predicts it will take approximately 19 years to pay off, resulting in the individual being nearly 50 years old and still in debt.
"How long does this take to pay off if you make minimum monthly payments only without any purchases? Yeah, basically 19. You'll be almost a 50-year-old failure."
Debt Payoff Timeline
Pending
The speaker predicts that due to an 85 dollar interest accrual on an over-maxed credit card with a 20% interest rate, the individual will lose close to $1,000 this year alone on interest, significantly impacting their financial situation.
"$85 of interest this year so far. It's only at a 20% interest rate, which is great for a credit card if we're being honest. So, you areing that up. You are getting destroyed almost $1,000 this year alone on what's considered a relatively halfway decent uh credit card. Interest rate. So, you areing that up."
Credit Card Interest
Pending
The speaker predicts that student loan payments of $9,935 will soon become due, and while income-based repayment may lower monthly payments to around $50-$150, the individual will eventually have to pay back the debt taken out for cosmetology school.
"Payments are becoming due soon. And you're going to have to actually pay the bills that you chose to take out. Yeah, you deserve it. And I'm okay with income based repayment. That's okay. And luckily, you'll be on an older system of income based repayment instead of the newer systems that have been announced cuz that's for future borrowers if I'm not mistaken. But $9,935. I'm guessing with an income based thing, I it's going to be pretty cheap. Typically, I'd say you're about at 150 bucks. Traditionally, I'm going to say you're going to get moved down to 25 to 50. I'll do 50 just to be, you know, just to be safe as we make out the budget at the end."
Student Loan Repayment
Pending
The speaker predicts that the father's financial support is preventing the individual from learning financial discipline and hitting rock bottom, as they have no incentive to work hard and pay their own bills.
"But because daddy is there to save you, you have really no need to do that. And it's okay for you to sit on your ass. But you are and you wouldn't be if you needed."
Financial Discipline
Pending
The speaker predicts that without the father's employment, the couple would be in a dire financial situation, suggesting that a period of hardship might be necessary for them to become motivated to find work and improve their circumstances.
"He's literally just with your dad though. He wouldn't have a job if it wasn't your dad. Yeah, I It's like your dad is in just if it wasn't for your dad, you guys would be dying. Yeah. No, I'm grateful for my dad. No, you might need to be dying a little so you can get your [ __ ] in gear."
Financial Situation of Couple
Pending
With a current balance of $7,642 on a card with a 14-year payoff period at minimum payments, the speaker predicts the individual will face significant long-term debt.
"14 years to pay off. Good luck. Good absolute luck."
Long-term Debt Payoff
Pending