ilmscore | What It’s Really Like To Be $120K In Debt

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Janet predicts she will not be able to own a home in California within the next 10 years (from May 2024) due to her existing debt.
"I don't think I will own a home anytime soon at least not in like the next 10 years at least here in California too with all the debt that I have"
Homeownership in California
Pending
Janet plans to start paying her federal student loans in March 2024.
"they're still in forbearance so I plan to pay uh in March for them like start paying in March"
Student Loans
Pending
Janet predicts she will not own a home in California within the next 10 years due to her current debt.
"I don't think I will own a home anytime soon at least not in like the next 10 years at least here in California too with all the debt that I have"
Home Ownership
Pending
Janet expects to take on the financial and caregiving responsibility for her parents in their old age, rather than placing them in a nursing home.
"it's something that I know is going to happen and I know that you know um it's a it's a it's not even a possibility it's a fores Shard thing that's going to happen um at least in our culture it's really looked down upon to put your parents in like a nursing home so I know would be taking on like financial responsibility of like either my mom maybe my dad you know once they're unable to do that for themselves"
Family Caregiving
Pending
Janet plans to save aggressively for retirement to ensure her daughter does not have to financially support her in old age.
"part of this journey that I'm on right now to to you know pay down my debt aggressively is because I also want to continue to save aggressively for retirement so that she doesn't feel like she has to financially provide for me when I'm old and unable to provide for myself"
Retirement Savings
Pending