Financial Audit - 20 Individual Debts - This is INSANE

Episode Date: April 19, 2024

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Hi, my name is Trey. I am 29 years old. I'm based out of Austin, Texas, and this is financial audit. What do you do for a living here? I am a gear technician. Gear technician, so working on them cars? So I am actually, I work more with semi-trucks with their transmissions and differentials. And I know you're heading to a shift after this, so you work kind of late.

I do. I work part-time at O'Reilly's as just a counter sales. That's always fun. Oh, so the full-time job is something to do. different. Full-time job. It's a company called Inland Chuck Parks.

They're up and down in the midland of U.S. Do you also work for Krispy Kreme? No, my wife was working there for quite a few months, but recently

she has left due to the stress of that job. The biggest thing we were trying to deal with with that is we were trying to prep for the summer

daycare for our child, so her income was kind of covering the summer daycare. Is So you're the single income? I am the single income. I have a roommate.

He was working for a while, but in this past two months, he was actually fired. He had enough saved up to pay rent one month and not this month. Okay. The landlord, do they collect it based on person or based on the house? Based on the house. There it is. Yep, yep. Damn it.

What's he been doing? Job searching? I've gone on with job searching. I talked to a guest right before this, who is a manager at Waterberg, and he says anyone can walk in there and get a job for like $15 an hour right now, right now, right now, if they want. Can they become a manager walking in? No, it takes six to nine months. They can go make that money right now, though. Yeah, I remember working back on Waterburger back in my days.

And I know the area issue living, there's a Waterburger there. There's a Waterburger everywhere. There's a Waterburger there. Go there, get her job. so you're not putting, because it's you, your wife and kids and roommate all in one place? Yep. We have a three-bedroom, three-bath apartment. Why do we have a roommate?

Mainly it was me trying to help him out, so he... So is somebody you know? It is someone I know. I've known for quite a few years. Okay. That is a little different, but... He got in trouble back in California, and I offered to room him for a little while, but I told him he had to get a job, and he's been really good about it, but...

But these past couple months, he's been a little too relaxed. He had it. Yeah. Okay. Look-do-you. Well, if you want to be good about something, be good about handing that subscribe button. We're trying to get the 750,000 subscribers. And thank you so much to everyone who has subscribed so far.

Definitely follow him. He is worth it. Well, thank you. I appreciate that. And I appreciate you being here. It's really cool. Especially since you know you're walking into a... I'm about to walk into a...

This... I don't know if I've seen this many individual debts in a very long time. Yeah. Almost impressive. Impressive to an extent. So she's not working out bringing in money right now, but does she feel, are all these deaths in your names or some in her? The only debts in her name are going to be her own personal credit cards.

Everything else is in mind. That's extra on top of what I already have? I don't even have that. No, hers should be in there. Okay. Does she not working because of the extra stress and stuff like that? I can kind of get it, but does she feel a responsibility towards paying this stuff off? Because a single household income living in an expensive city like awesome while having kid,

while having roommate not paying rent in a three-bedroom while having a grand stack of debt, a grand thick stack of debt. Yeah. Does she not feel like she needs to work? Because she might need to work. At times I do believe that she doesn't because she feels like staying home, watching the child, keeping the house clean is kind of her duty. But I have recently gone on to her as well where I asked for help.

I need the help. I need you to do anything. I told her to start applying for even the door dashing. So when she drops off the kiddo at school, during the between hours from picking her up, she could at least door dash. because I know a lot of jobs, unfortunately, they're a little on and end with that in-between scheduling where she drops her off and picks her up.

No, for sure, and holds a kid. I even download a DoorDash and start maybe doing that on the days off on my Raleigh's. But you're working a lot. So it's just like... That's not including my side gig I do. Yeah. Well, what's that?

I work alongside a DJ, a wedding DJ, operate his photo booth every now and then when he requests it. Okay. As long as it brings him money, that's good. What would you say comes in? hits your account on a monthly basis on average on average gross i would have to put it about this is gross okay close to five grand okay net uh 70 a year i'm not sure how they answer that question comes in after taxes what comes in after health insurance and benefits and all that kind of stuff

what hits your account on a monthly basis yeah about five oh okay so five was net okay oh okay No worries. I misunderstood that one. You're totally good. You're totally good. Yeah, because I average about 37, 30, probably about 37 from inland and maybe about another 12, 1,300 from O'Reilly's. Okay. Yeah, I mean, you're clearly working a lot right now, but $5,000 and awesome with this kind of debt with a kid with a roommate that's not paying rent in a three-bedroom.

It's hard. Whole. Yeah, I'm surprised we're even making the minimum monthly payments. Actually, I've been paying a little more than minutes of payments on everything. Good job. So everything I have done, I have. Like most of my minimum payments are about 25 on the credit cards or so. Yeah.

But I have those set up for about 50 a month. How did you possibly get into all this debt? You have more credit ones than I've ever seen. Yeah. After I started watching your episodes on that one and you started bringing that one, that evil card, I was like, what did I get myself into? And a lot of the times. I signed up to get f*** essentially.

Yeah. No. That's an understatement. And we have a payday loan. essentially here. In a way. The American finance payday loan essentially every two weeks is when it comes out for two years. 106.96% death insanity.

Kill me. Ruin everything interest rate. That's crazy. What did you sign up for this for? What was this possibly for? So I actually sold the vehicle. I had paid off. I sold that, used that down payment to get another vehicle that was larger for my side gig business

because there's times where I have to haul loads around. No. What do you bring in with the side gig business on a monthly basis? Right now during the summer, slow as hell. So pretty much nothing at the moment. But during the fall and winter times, it's usually about additional maybe grand or so. A month? A month.

Okay, so maybe six grand a year? It's only like, yeah, one event. week sometimes two a week so six grand a year and we upgraded to how much into okay sorry so that's actually it was for a repair on that vehicle I bought oh so you got a new more expensive vehicle was older than the vehicle I had you were going to cars all day yeah unfortunately not on that type of vehicle but don't you have connections and friends at o'reilly and stuff uh none that I trust oh come on uh um and it's also just a lot of the times it's I'd never have the money on hand to get the parts I need directly.

No, and you never will if we have this much debt, my dude. 106%. You finance, you finance, $2,418. But guess what? Total finance charts 3,463. This is Euphoria Calvin Klein, the new elixir collection, featuring three perfume intense scents,

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When did you pop? When was this taken out? Earlier this year. I'm going to say about March, April. You pay extra on this? No, unfortunately, that's the only one I had. This is the only one I would be paying an extra on $100 of interest rate. Yeah.

Why? Why have you tried to do the other ones? Even if they're 30%, it's nothing to even compared to 1006. It was just the one that the mechanic facility of pet boys offered at the time for my repair. One job on the vehicle. One job that is. Unfortunately, no matter how you look at it is one of the most expensive repairs. It's a rear main seal repair, which they have to drop the transmission,

take the part, and redo the seal on it. I understood the word transmission. Yeah, anything with transmission. And I know those, yeah. It's not the oil leak. So I wonder what's owed on this right now? I wonder if we... I can actually pull that amount up if needed.

We might get there, but I'm just going to just put it down. for the amount and it's a monthly It's about 227 a month Oh okay Yeah that's one of the ugliest ones I've ever had Though this is disgusting This is absolutely death insanity It's almost worse than the speedy cash

I've done in the past You've done speedy cash I have but I've never did that once And I was never doing that again I was young and stupid I think it was another car issue thing at the time I used it as a down payment But that one's long

I don't gone for Oh fuck off I didn't even fully comprehend that Okay. Me and cars don't get along apparently. Yet you work in the industry. Yeah. Okay. This is going to,

we're just going to have to slam through these because this is just insane. Credit one again, they own you. You've signed up for their just insanity craziness. They've been me over backwards. Yeah. Credit one.

And I have multiple of those. Oh, I don't know. So $640 and $40.40 of credit one. There was a $50. payment done towards it. No new expense is good. $15.96 of interest accrued. On this year, so far, $95 of fees,

and $27.60 of interest on it. That's insane. It's the fees that kill people with this card. The interest rates are also crazy, but that... Okay. Okay. With a $39 minimum amount of payment. Okay.

Okay. At... I don't see what the interest rate is. I'm going to assume it's like 30. It's about 29.9 or so. Yeah. Credit one number two. Come on down for $292.93.

Fees, $8.25, also known as this year, $119.65. We're trying to pay for kids. We have a roommate that's not paying rent. And $50.24 of interest was paid on this. You did the $30 minimum payment. That's all you did. You didn't do anything extra on this. So nothing extra plus the fees and interest.

I probably dropped that one down in the minimum so I could try and just recoup some money during the month. Credit one number three at $904.39. Credit one's an evil. Evil business. So I believe that one is my wife's. Doing 816. What is she doing? We're losing $103 of interest fees this year so far.

And a bunch of visitors, what are she doing? Bed, Bath, and Beyond, Sharky's cuts for kids. And some hair design, she's trying to go into hair design now. $132. And dollar tree. So she was. Ramen. What is Playrix games?

What is PlayRicks games? PlayRicks games. What is that? I don't even know what the reason. She's doing it. She's doing it. One, two, three, four, five, six, seven times. She's on those phone, getting those gems.

paying for extra special gems and we can't even pay it off and Starbucks because we gotta get our starbies when we're trying to... I'm not angry at the person who has a 50, 30, 20 budget, fully funded emergency fund, no bad debt, getting some starbies, get that starbies. If that's what you want, you're 30% get it.

But guess what? If we can't pay off a card we're paying $103 in fees this year so far and we're just getting gems, gems shoved up everywhere. We are not star being. No. That's a conversation that needs to be. be had are you guys in the same page i i have talked of i have talked to her about uh that's why we

actually put the cards away like i gathered all the cards together where is it on our apple pay and stuff though no uh we don't put cards on our phones the only card i have on my phone is my debit card so you talked to her about this yes is she on board yes she just as on board she wants to get out to debt she she wants she wants to do she wants to help and everything that's why she's agreeing to start doing the door dashing and all that as well as well as she wants she wants to do that's Well, like she's on board because she even states, you know, my debt is her debt. We want to take care of it. Yes.

So we are on board with each other. Good. The original time, the original reason for that credit card card. It was actually for her glasses. Classes of what? So her particular prescription. Oh, glasses, not glasses. Glasses. I heard.

My insurance doesn't cover it. So we actually have to pay out a pocket for hers and they're about $800 alone. Okay. I mean, that's medical. It's what you have to do. Yeah. So, Sun bet $100 in interest last year so far, essentially. Waterburger, why are we going to spending money?

Again, why are we spending money? Make $50 of payments, but then we go spend $3687 at Waterburger. Yeah. That was a late night. Previous balance, we've gone up because of the $17.10 of interest rate. Late night. Come on. $699, but it went to $7.02.

$0.64. even though you paid more off than you spent, but because of the interest on top of that, is only going up, man, with the $29.83 minimum monthly payment. Again, basically $100 loss in interest rate. So far this year, you've had, you're having thousands of dollars stolen from you in interest, because now, guess what? We're back to Credit One, number four.

Told you, I got a few of those. Oh, I know. I've been through these $712.91. Lovely, with a $36 minimum monthly payment, $36 minimum. monthly payment, $15 of interest. $71 of interest this year so far, $63 of fees. My goodness, $101 of purchases. Why are we purchasing?

Why are we purchasing? Oh, what was it? Paylink vehicle plan. Oh, I know what that one is. That is actually like an extended warranty for my Avalon that I have. But even still, if you're going to have it, if you're going to have it, which is the way they make money. the way, but if you're going to have it, man, we put it in checking account.

We don't put it on a card. We can't pay off with evil fees. Yeah, I didn't mean to just switch that one. I actually talked to them recently. They took me off the auto pay for that, and they actually managed to get the bill lower. So I'm going to try and put that towards just on my checking account instead of credit cards. Man, I'm stressing. Capital One, new balance, 91 bucks.

So it was 138. We paid down 50 bucks. We had $2.99 cents of interest. This is basically nothing. I don't see why we, why do we even have this? Why pay anything extra on the others if this one is so. close to just being killed, done, ruined, taken away.

Unfortunately, I don't have an answer to that one. I think I just kind of go with the flow, I pay the... There's no flow. There's no flow. Flock the flow. Flo, flow doesn't exist. F*** the flow. You control it. You control the levers of the dam from now on. You do not go with the flow, man.

You're in control. You take control. You sit down. We do a monthly budget. We budget with the fam. What we're spending. No more gem swipes from the wife. No more water. spending from you when it's a little late. Guess what? I don't care if it's a little late.

We are controlling the flow ourselves. You do not go with it. This is not a lazy river of life anymore, man. Yeah. If it's in consolation, I only ate out for the first time today. The day you came here, you ate out. You've been watching this and you ate it on the day. I wouldn't be laughing.

That pisses me off. That pisses me the fuck off. What'd you have? Jack of the box. It was a. the road. It wasn't even anything good. Nope, it was quick and easy. I have some nuggies. I want to take a brief

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Okay. What is this? That is my car alone. That is my 2015 Toyota Avalon. The one that needed it super duper fixes? No. You have another car? Yes, it's in there.

Oh, why do you have two cars? One is mainly for my wife to take the kiddo to her from school, and I wanted her to make sure she had a safe, reliable vehicle, which that is. Sure. I don't think we need to go $20,000 in debt to get a super reliable vehicle, though. Yeah, it was kind of during peak, used car.

Yeah, that was difficult, but still... And I actually managed to get... That is oftentimes an excuse because we can find safe reliable vehicles, even in that height. Yes, it would have been more expensive than historically that we needed to go $20,000 into debt for it. Probably not.

No, the answer is no. $20,570 It's owed $8.80-something cents of interest is accrued on a daily basis. Daily basis. So again, safety we're having. We're paying that kind of interest on a daily basis to have that extra safety

that apparently no other car in the history of mankind has ever had. Total amount due, $5006.48 cents, I think. Yeah, I pay $5.50 a month. Okay, so with this... And this is actually... And what is the interest right on here? So this was actually...

Actually, the new one after I got a refinance, because it was at 21% APR. I have it now down at 12. Oh, that's still terrible. It's still terrible, but a lot better than 20%. It is a lot better than 20%. I can't believe I'm celebrating 12, but... Yeah. Here we are.

What's the term? What's the term on this? So it was 54, 55 months. It went from 72 to 55. 54. You work in the car industry. Why are you getting around by it? You work there.

You work at O'Reilly and you work at the other place on the trucks. I feel like if anyone should know this stuff, it should be you. I think I just wanted a nice car for once. There it is. Thank you for telling the truth. Thank you for telling the truth. Instead of... Always had these handy-down vehicles that barely ran.

I wanted something that was already running in good condition, low miles. And we could have gotten you there. And we could have gotten you there with you getting fucked over, but you're getting fucked over. Yeah. Best Buy 640. $7.15. $17. $17 of interest

recurring on a monthly basis. $45 payment was made. Good. That's a little more than the monthly payment of $29. $29. $29. $59 a fees this year so far

maybe missing a payment. $52. I should have never missed a payment on that one. I have... The card doesn't have fees as far as I know. I have every card I have on autopay. I don't know, man. At some point, something happened.

Maybe we didn't have enough and check an account when it hit. I'm not sure. I don't think this card has fees. Either way, and then 52 bucks of interest losses just so far as well. What is this? A Burlington card? That's my wife's.

Why don't we have a Burlington card? That's my wife's. She gets in a bad habit of going to stores and then they coax her. Okay, well, that can't be a thing anymore, right? No, that's what I've told her as well. Like, we can't do that anymore. In fact, especially with that one. You told her that.

Is she on board, though? Yes. Okay. Because there's you telling, and that only goes so far. And I'm not telling, telling her in an aggressive manner. I'm kind of letting her explain to her that. I'm not saying you yelled. This is something we can't be doing.

Yeah. So interest in this period, $13.87. So you guys are just getting money stolen from you. You only got $5,000 coming in on our monthly basis. I have to work jobs. Yeah. Two hours of fees is here so far. Again, who knows.

$78. $0.23 of interest. No new purchases, $45 a month of payment. Yeah. Last time she used that, I told her just put it away. Victoria's Secret? I didn't know about that one for a little while. But you have every card that I think has ever been invented.

This seems like it. How long has this been going on? So you guys have just been reining, just deading. With the shop cards, I'd probably say two years. This is all only been two years Two to three years This looks like someone Someone built up over a decade

That's what it feels like Of interest lost 20 this year so far 30 bucks of fees this year so far And she's only used that card one time Great $59 a minimum amount of payments Is this for your other car

Last Lake financial services? Yes That is my other car So your other car was financed $2,807 bucks It was $4,500 But yeah How long ago?

earlier this year it's an 18 month long term Have you tried to Oh Is this the motorcycle? No This is my Nissan Xero Is this the motorcycle paid for?

Nope That's fine as to us That's finance as well I'm glad you were a helmet though Yeah That's actually what kind of One of the purchases are On the credit card

I use it to buy my gear At the time Glad you have a helmet Especially because you have a kid How's the kid again? She just turned six this year Okay Hey, 238.

What's the interest on this? 18%. Oh. Yeah. Westlake is aggressive. And yet you took it. Yeah. American Acceptance Corporation.

Oh, this is the motorcycle. I believe that one's at 18% as well. Oh, fuck off. Dude, you're killing me. Three-year term. What's it worth? I honestly, I haven't checked recently. What do you think?

worth, come on. Low mileage with that. I'd probably say maybe $6 grand a high. Minimum monthly payment? 238. You're going to hate this,

but this is what just needs to happen for the sake of your kid's future. Not even your future, your future, like your kid is what matters now at this point. That's why I'm here. You need to sell this. If you can get this for six,

if you can get it for $5.5, sell it, make up the difference. We just can't. We can't. can't have this kind of... In fact, in fact, well, I don't even know what that Toyota, whatever's worth. I'd probably try selling that too and making

up the difference and getting a reliable car. Probably $10,000. I'm not sure I haven't checked on the recent values for those vehicles. I'd take a look at it and I would highly consider selling I know you don't want to. Americans are assessed at their cars. They would... I think I'm more...

I think I'm more attached to the motorcycle than I am the other vehicles. Yeah, but let's be attention. a kid a little more than a motorcycle in their future. That's what I say. So fuck this motorcycle. It doesn't exist anymore. If you can sell it for anything,

$5,500, do it. Make up the difference. Thousand bucks. You bring in $5,000 a month. We can make $1,000 set aside for a month. You can pay it off. You just can't have it. We can't have $238 on all this huge list of minimum wage payments that I'm going to have to

add up. We can't have that. Being squeezed from me right now. You're going to get to the point. We can probably get to the point where a few years down the, road we can buy a sexier motorcycle in cash no it's worth it you got to get out of it now we got to take the sacrifices necessary if the basic sacrifice of this this thing that who gives a about that if you're not willing to sacrifice that to get into this debt then my hope in this

situation is quite low now I'm willing to sacrifice good everything everything good that I so this is what you would normally do. And I'm not going to bake into the situation because I don't know the value. And we're not going to do the values. You've got to get the work anyway. So we're not going to do the values. If you can sell that for $5,500, let's just say. Cool.

$1,000. We can squeeze $1,000 and you pay off the difference. Now, the Toyota, what do you think that's worth today? Today's market, maybe 15 a high, maybe. Okay. Maybe. That's just under $100,000 still. So it's relatively lowish.

What was the interest rate on that again? 12%. 12%. I've already checked the value on the Xtera. It's not worth it. It's just worth me just pushing to the end of the term on that one. Oh, why do you say that? I could save you $5,000 right now.

I think that one was... Oh, sorry, sorry, sorry. It was only worth like anywhere from... No, I heard that wrong. I heard that wrong. Yeah. Yeah, I heard that wrong. Okay.

But what we could do, and I'm not going to bake this into the equation, and this is going to be for you to figure out. Say you can sell it for $15, right? Then we borrow a personal loan $15,000 at an interest rate probably like 12%, something like that. You use the $5,000 and you pay off the remainder of the balance. Then we have $10,000 that we go get a safe, reliable car that doesn't have all the bills and features we want,

but it's safe and it's reliable, and it gets us around for a couple of years. In a safe way. mechanic that's not yourself to test it out if you don't trust yourself to make sure get the seal of approval that it's going to be okay that's what we do for a couple years and then you bake that into your overall debt plan but that all of a sudden becomes 15,000 dollars of debt to pay off instead of 20 you've immediately made 5,000 dollars of progress an entire month's income which is great in what we're going to have extra we don't even know yet but that 5,000 hours is probably huge yeah huge said you might have other debts that I don't see here uh I have student loans Okay. How much? Federal or private? Federal.

How much? I believe it was like just over $22,000. Okay. You have auto payment ready to go? Not yet. You set it up? Set it up. $250.

Probably, probably, is about. Yeah, they're about 4. It's either 4.2 or 4.5%. Okay. But set up that auto payment. It's going to hit in just a couple weeks. So $250. Probably,ish.

Somewhere on there. Any other day. I think I saw firms. And I saw tools, tools. Tools is done. Good. Don't fall into that trap. Every single person that works on cars that has been on this channel goes into endless tool debt.

Yeah, the tools I have is all I need. I don't need anything more. Thank you. So. Please don't fall into the fancy truck that pulls up. It is definitely a trap at times. But I've paid all that off. And they are just as evil, in my opinion, as that one credit card.

just the way they just manipulate people into going into a terrible debt for it. Okay, and affirm. Hatterday presents in the red corner the undisputed, undefeated weed whacker guys.

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GIs and the winner by knockout is Padaday. Padaday, bring it on. I do have a Amazon purchase with a firm. How much to pay it off? Right now I want to say it's probably about 197. 197, give or take. And is how many more payments to it has paid off? I think it's just, I think I had that much.

one set for a year term at the time. I thought I had the check. It was a total, it was a grand total of like two something. I've only been paying for about a month or two. I had $21 each month. And there's also another firm. That just kicked in. What's the balance?

$600. $60 a month. You've been watching the channel. Why? Actually, that one was before I even found you. Sorry to even think about it at the time. Madam producer, may you please go get the scissors for us? We have an exercise that we must do.

How is the relationship at home between you and the wifie? Um, I didn't have to say the relationship at home in general. Just kind of stay on me at the time because I get up so early, go to work, come home, change, go to work, get home, go to bed. How finances impact the relationship? As far as I could tell, it's nothing. crazy. I definitely kind of control what she spends

as far as at least my debit card goes. We need to be very communicative, oh my gosh. And sitting down on a monthly basis and saying, here's our goals, here's our intentions, here's what we're trying to do, so this is why we're not spending, not a controlling, because that's not going to have long-term effects. All of a sudden she has control again,

have a card to card at some point, and boom, we're in a hole. So it's not a long-term solution. We haven't tried to have open honest communication. We used to just do a lot of make lunches for me so I can not spend out. And for a good period of time, when she was working, that just wasn't happening. And I have a bad habit not making it myself. So I was going out to eat almost every day. But we've gotten back on the schedule where I take my lunches.

I bring my own drinks. I don't use the vending machine at work or anything. So a lot of that's calmed down from. outside source spending. I don't visit Toketo shop anymore. Oh, they're a bit goopy. Dog food or something.

Use the dope in the packs. But they work. They work. Sharp enough. So you're ready? Yeah. You're ready to do it. Oh, yeah.

This is all your credit cards? Every single one. Let me see. If you have access to them. Oh, here's one I haven't using like a year. Put in the pocket. file. Big lots.

Well, that one I got for the discount, and I just immediately paid it off almost the next day. My goodness. That's it. And there's more, right, somewhere? In this lovely bag of trinkets. I have a stack. Fuck me.

Oh, that's not it. Nope. Okay, she has other stuff in here. Yes, okay, go through and make sure there's things, there's not things. Okay. That is all of them. Hold them front facing like this towards the camera

because I don't want any private information, even though you're closing them. I don't want any private information to be shown. So front facing only towards the camera. You're going to have to do, like, I don't think you can do the whole, that's incredible. Look at that.

That's impressive. I say there's a few credit cards here, needless to say. That's ridiculous. I think when I counted up, there was like 13. Gross indeed. Credit crime is dangerous.

Don't fall for the tricks. Front. Again, facing the front, front towards the camera. I don't want any private information. Inshone. At least this one doesn't have a name on it. There's one of many. Two, three.

She was on board with this too, so at least I got to give her props for that one. Good. I lost count already, so. Way too many. That's the answer. Way too many, indeed. This one wanted to. key because I was actually debating on switching over to the checking account for them because they

have a... You can have your lovely checking account at some point. We don't need that. Yeah, they had like a 5% APR savings account right now, I believe. It's done. They're killed. Almost there. They don't exist anymore.

Almost there. You're free. I'm putting this on my Instagram story, by the way. Feel free to follow for behind the scenes. I don't know how many people have chopped up this many credit cards on this show, but try and beat my limit. Oh, you beyond being the limit. That is it. Okay, well, that's good.

I'm very proud of you for this. This is good. It's a start. It's an insane pile. It's an insane pile. Yeah. Let me hear it just so we can set the camera. Let's see it.

Just look at that. Just absolute chaos. Look at that. Bonfire. Right there. Look at all that. Oh, that's crazy. and it's gone.

It's done. So no more spending on credit cards, no more opening credit cards. We're done, my dude. We're done. Cardo Cormand tries, but I keep denying it. I keep walking away from it.

I just, I don't want that kind of pressure on me. Well, you just got to just not sign up for it. I think I use credit karma all the time. I've never signed up for a credit card once to them. Yeah. All right, let's get rid of those once and for all.

They're done. No more. No more. Checking out. Two thousand thirty three sitting in there. That's good. Started with a little less than a thousand dollars, but... Yeah.

Again. Yep. I don't really understand the... Like, okay, you made progress. That was good. You did that. But you weren't even spending on the credit cards anyway. Oh, you're...

Around and going crazy was in this checking account. All the money that could have been going to pan off the debt... It makes no sense. Inland truck, Shipley Donuts. Inlet trucks might pay. Krispy Cream. She was supposed to be making money from there. Not you're right, you're right.

Sorry, that actually came in. But she was supposed to be making money from Krispy Kreme. But no, we're spending money there instead. McDonald's sucking toys. Again, O'Reilly's supposed to be giving you money. You spent money there. Some Uberine, Venway not money. Ruby, some restaurant.

Coca-Cola vending machine probably. What is Zipit? Zibet is... Is that one of the cards? No. No, it's not. What is Zibet? Ziba is paid for.

It's kind of like a finger hood in a way. Instead of monthly payments, it's a weekly payment. Oh, go. Well, Riley's supposed to be giving you money, not you then. Murphy, getting some tequitos there, and cash afting out money, and selling out money in Taco Bell. Depending on the gas amount at the gas station. We do the chief ones.

Well, a lot of the 10, the double digits is me fell on the motorcycle. cycle up because it only takes like 12 bucks to fill up. That's why I've been driving that. Cycle gear, jack in the box, Uber, Amazon, O'Reilly's supposed to give you money, but you gave him $50. And 96 cents, Amazon, Amazon favor, Torches and Applebee's, the young men's. That was daycare. What's except draft check? I don't know.

That one is my car payment. Hulu, Taco Bell, SP, if. Upgrade. Isn't that another debt? Upgrade? Yes. We didn't have that. I believe that was the one I couldn't get a statement for.

Oh, what is that? Oh, there's more debt? Oh, okay. All right. Okay. What's going on here? Like, unearthing it from its tomb. Biometric.

It's going to be over the nine. Do you have any more debt other than this? No, this is the last one. The last one, we've gone through 1, 2, 3, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17. This is your 17th debt. If I remember correctly, I believe that one's like 920. Upgrade?

Yeah. Okay, 920, minimum monthly payment. That one is, I think I've been paying, it was not $29, I believe, a month. Interest? 29. Percent? Yeah, almost all my credit cards are 29, 30%.

It doesn't even make sense. It doesn't even make sense. Vending machine, getting some storage. We don't need extra storage right now when we're... Jack in the box. The storage fee, yeah. That's where my couch is that my grandparents gave me. Full sentimental.

Just put it in your place. I don't care. I won't fit. My apartment has huge rooms, but no living room. Weird. O'Reilly, supposed to give you a one and out of them. McDonald's, Disney Plaza. McDonald's, Uber, Macy's,

that was the auto payment, and the vending machine, and some perfume, or, no, no, my perfect resume, probably for her, okay. My perfect resume was actually me trying to re-adicate my resume and put it on a deed just to see if there was anything. How many discounts does USA auto insurance offer?

Too many to say here. Multi-vehicle discount, safe driver discount, new vehicle discount, storage discount, Legacy. How many discounts will you stack up? Tap the banner or visit USA. A.com slash auto discounts. Restrictions apply. I try to get more money.

Yeah. Prime and Apple bills. Some subscription. The Apple bills were actually trying to fight because it has been an ongoing issue where they won't allow her access to the account to shut that one off. And Prime. And Microsoft Ultimate and Amazon and Jack in the box. And there was your Mac tools, which you said is done now.

Yep. Zelling out money. Some tequitos. O'Reilly not paying you. You paying them. There's your upstops. Upstart? What's Upstart? That's also different. Upstart should have been one of those statements I sent.

Let me see. Nope. So there isn't, there's an 18th debt. An 18th debt. An 18th debt. Go ahead and pull that up, but guess what? More O'Reilly spending and fake connection, subway. Public storage, 100 bucks.

Naver, Ready Fresh, Waffle House, Dominoes, O'Reilly, giving them money. Play, ricks, there's the f***ing gems. We're getting some gems again. Some more Google payment of something. Z-Bit, spending money at O'Reilly and Tequitos and giving Krispy Kreme money. And 7-Eleven. Trust me, I love my Krispy Kreme, but guess what?

Uh-uh. And Amazon, a firm, Uber, Texas Roadhouse, MacTools, Venmoing out $100? Hets in law. Hets in law. What's Hets in law? I'm in a middle of a lawsuit right now. Of what? A PayPal credit card.

Oh, my gosh. And it was cheaper for me to just pay the $1,000 that I'm currently paying for the lawyer versus the $1,500 that PayPal wants. $1,700. $1,703.17. And if you didn't get that one, that means you probably didn't receive my other two. Other two was? Personal loans. Me.

What's the minimum monthly payment on this? One is 100, which is the upstart. The other one's $145. Well, the $100 is because I pay higher principal. It's normally just $75 on that one. What are the interests on these? You're a brave man for walking into this room with this. A brave man.

Yeah. I respect that. You, I've used it for a couple titles, and I might use it for this, but I think you literally have more individualized debt than any other human being has ever had in the face of the planet. This is insanity.

It's 20. 20? Is that what we're up to? Okay, so upstart. What are the interest rates? So we have $100 minimum payment on one and $145 on another. I'm pulling the $145 right now. They're also upstart? No, this one's mariner finance.

I got on a motorcycle accident a couple years ago. What does that tell us? I kind of pulled one of these because I was out of work and had no vacation time to cover it. Yeah, it's actually $148.83. Oh, 32.25 for the mariner one. With a... Do you have another personal loan? Did you have two other personal loans, right?

I have one more after that one. How much is owned on the marina? The marina is to pay off $3,321.71. The last one, I could get it pulled. You guys took the American going into debt trend. To a whole new level. It's not even close. People always ask me what high-yield savings account

do I use for my own money? Some of you know by now it's so fine. I love them. It's great for my checking account needs. It's great for my high-yield savings account needs. And right now, I'm getting 4.5% interest on my monies. I love that rate on my monies. So if you want to get a great rate like that on your monies,

just check out the link in the description below. I have a paid affiliate link there. You can get bonuses all the way up to $250. And I took advantage of that, and you should too. And yet you have all these debts. And yet, guess what? We've gone through three pages of pink lines of bull. And there's still another.

Every line is pink bullshit. And guess what? I'm not going to read them all, but there's like Tolls and Panda Express and Andy Ans and a bunch of other chilies and Cabobobs. And here's another one. That's the end of it. And there's more.

And it's Taco Bell and Finger Hut and Peacock and Microsoft. Last personal one is 2280603, with a minimum payment of 145.74. And I think a lot of the time with those ones, I was trying to consolidate my credit card payments at the time. That's why some people are, okay, I'm going to cut you off. That's why some people are against credit card consolidation because then they're just going to credit card. I'm not a credit card person. That's why I cut them up.

I tried to be. I failed. 2,800 and a 401K. Is that all the retirement for the household? That's the only retirement I have through that company. And Lynn is something I can't have complete access directly. too because it's a, I want to say there's about 12,000 in there. Good.

That one is something that it's an employee stock ownership program, so we don't get to buy in. It's every year at the end of the year, they take a percentage of what we may total with no cost to us and put it in that account for us. So. Car payments are 11.7% of your spending. Yeah. spending this is not your income by the way because your spending is well above what your income is well above what your income is 5,000 bucks a month

no this is well above that bullshood 8.3% of your spending food bullshit extra miscellaneous bulls 529 other large purchases and see what those were 22.6% of your spending uh housing 18.8% of your spending now again that's spending so that's not income so that sounds like a good percentage but of your income that is a terrible amount of almost $19,000, $1,900. We've actually been trying to see possibly about getting you a smaller place at a cheaper rent. Yes.

It must happen. In this area, it's just really hard. Yeah, we're going to pinballs and Finger Hut and all these extra things. And there's your law thing. You're frowned, dude. You guys have just lived on debt. What's your rent? After the fee, it's 1611.

Utilities and the internet? $95 for the electric, 55 for the internet. Gas will come in the winter. We don't have gas. The 1611 is actually included with the water and sewer. Okay, but you have electric heating? it's going to be expensive in the winter. Okay.

Phone bills? I managed to get it down to 220. Down from what? It was 240. We're financing phones, aren't we? I have one phone financed. Okay. You're not paying for the groceries for this dude that's living in your place, right?

He pays for his own. Okay. I provide for me and my wife and kid. I'm doing $1,000 for groceries. Honestly, we've been kind of doing, I think we've been doing about two, three hundred. She just went to the store yesterday and spent like only $75 for probably about a week and a half, two weeks of food.

You eat out every second of your life, so no... I mean, but that's not going to be a realistic budget. You eat out every second of your life. So food, we're going to do $750. Adjusted as needed, but we're just, we're trying. The way we do this, and it's going to be very boring and your kid's going to complain. We're meal prepping essentially twice a week.

like on a Sunday and on a Thursday. It is difficult for us to feed her because she does have autism. So she also has a food sensitivity issue. Oh, sure. And we also have to watch out for soy because she's allergic to soy. So it's a lot of nitpicking items to make sure she actually eats something on a daily basis. Totally reasonable. So you guys are going to do what you need to do for that.

But then for you two, we're budgeting down. We're meal prepping essentially like four days of time. We've been buying bulk chicken recently to kind of just season. Season it all up front. And cook it all up front. You warm it up on a daily basis and it's just like chicken and rice. It's boring. What we do healthy?

We don't do anything that's going to hurt harm us. And then you do what you have to do for her. So with autism, is there medication? Uh, with that. No, it's more of just that she wasn't therapy.

But they dropped her insurance because I started making. This episode is brought to you by Ultima Replenish. health is all about balance, like a salad with fries. So why not have balance in your hydration? With six essential electrolytes and no junk, Ultima provides balanced hydration you can enjoy every day. That means no sugar, calories, or carbs, and it's not loaded with sodium. Just delicious plant-based flavors you'll actually look forward to drinking. Shop Ultima on Amazon or in store at Target and Whole Foods Market.

Too much. What about your insurance? If I add her on my insurance, it comes out to almost $700 a month. She needs to have health insurance. We were... It's not really an option. Well, we actually were fighting the system on that one, and they failed to tell us that she was actually eligible for the CHIP program,

which we're trying to give her back onto. Okay. That way the state can at least cover that. Well, you don't make bad money. You don't make bad money. I mean, net on a yearly basis is $60,000. You guys are probably making it as a household before, taxes, the median household income of Austin.

Yeah. So you don't need to rely on that. But if that's a program that's meant for somebody in your situation, then okay, that's fine. So total paper, when I was essentially, you know, try to calculate in what therapy would cost what. So she has a medication for her insomnia. I think that comes out like six bucks a month or so. Okay. So total paper, things to keep the house in order, make up, blah, blah, blah, all the stuff.

And things that she might need for school, stuff like that, we're going to do $200 bucks a month, some months will be higher, some months will be lower. It includes the medication. It says everything else needed to keep the house in order. Gas. How much will we spending between the two of you on gas? Probably have to say about 150 a month. I do...

150, that seems a lot. Well, she doesn't drive very far. The school is only about three miles, maybe a six-mile round trip. And she doesn't really go anywhere. So her gas usually lasts longer than her tank than mine. That's why I've been taking the bike, too. because it's a lot cheaper and I could get more out of it. We got 2.13.

I guess we're busier one month than the other. Well, prices are high right now. That's true. Yeah. I'll do 175. It's made in the middle. Yeah. Okay.

Let me add up your minimum monthly payments. This is about to harm me. And the crazy part about you having this bad, this many debts is your minimum monthly payments are just stacking, dude. Absolutely. stacking. Yeah. I think I'll probably be one of the few that are actually in the red most of the time. It would, or nearly.

No, trust me, that is quite a common thing on here at least. Because my roommate was paying $400 a month for rent, but right now he's not paying anything. Almost half. Almost half of the money that comes in on a monthly basis goes to just minimum monthly payments. Almost half. So debt. And that's included in the student loan payment. $2,049.

$0.049. Yeah. That's what we do, and we just go into 21 different debts just for everything in our lives and we're just financing everything. Yeah. That's really bad.

That's what happens when we prioritize spending money on bulls every month instead of paying them off. Okay. Car insurances and motorcycle, all that stuff combined. What are we looking at? Motorcycle is 78 a month

and the car payment is going to be reset because it renews next month to 284. For both cars? Yep. It was 310. I've been trying to find cheaper autos and trends, but this area is just horrible right now. Okay. Anything else you guys have to take care of on a monthly basis?

What am I forgetting? Honestly, that's about all I can think of right now. We have rent. We have utilities. We have phone. We have food. We have just around the house, medication, all that stuff. We have gas, we have debt, we have car insurance.

Renters insurance will call like 10. Reuters insurance is 32. Oh. So this is the total rent, right? This isn't... Yeah, that's total rent. Yeah, that's the high end of it. All right.

You're in the red $374. So, and that's your budget to survive. That's a conservative budget. That's not you going, eating out anymore. So this is, that's without you fucking around. So, okay. are you going to stop? Are you guys not going to eat out once ever?

We've cut out eating out just after the end of the month from last month. We haven't touched eating out except for one day to day. So this is what I need you and her to do together or else there's no plan that can be made. With you and her combined, I need an extra 2,000 hours a month to come in for there to be any hope. Any hope. If there's not,

we're in this forever. We're dying in poverty and we're never retiring. Which, I'm sorry. I'm sorry that that's so negative, but that's the reality. That's reality, yeah. And it would be irresponsible of me not to be forward and real about your situation. You own the red 374 on the most conservative budget possible. There's no option but to go make more money.

It's getting a better job, her working more. You guys are working all the time. And I understand when I'd be home with the kid and all that stuff, but we're just working when the other person's not, you know, maybe she's working all night. It's hard, it's hard, but the sacrifices need to be made now, and you cannot be the only one making, and you need to get on your roommate, your, you were helping him out.

I just got on him today. I about it, too. You give him probably a couple weeks, because, again, I know he can go get a chill, not not a chill, but a lower paid job to at least get some money rolling in. Like, okay, maybe you give him a little bit of a discount as he's doing it, but if he doesn't have anything within a few weeks, man, you need to tell him that's it.

Yeah, I've already told him he pretty much has the until the end of the month. And otherwise he's living in his car, which he's still paying for. It's hard, but those are the tough conversations we need to have in the reality of life. Yeah. And the system we're in. So that's just, that's it, man. So with $2,000, the thing that I would do for all these, I would save up a one-month emergency fund.

I'd rather do two, but it's just going to take too long. one month emergency fund to like a two and a half months at that point once you guys bring in that extra $2,000, nah like three months sorry, excuse me and then I need you to pay off in a few months that America first

or American first whatever alone that has to be taken care of immediately because the interest rates 106%. The rest I think what makes sense for you because the minimum of the payments are what's killing you. From there you just have to do the smallest

to the largest. So we're starting with a little avalanche that's taking care of the highest interest, but then whatever the small, largest balance are, except for the student loans, leave out the student loans. Okay.

You take and you pay them off. Student loans, you can minimum monthly payment until they're paid off if you want to. If you want to pay them off, you can. But buddy, even with that extra $2,000 a month, it was going to take a long time. Yeah. We can go through the whole process

and figuring out how long it's going to take the payoff, but that doesn't really matter because right now we're losing $374 a month. Yeah. I don't know how much money you guys are going to bring in. So we're going to be going full hypothetical. Yeah. You guys need to bring in as much money as possible.

Take care of this. And I think what you can, except for a couple of the higher balances, a lot of these balances you can knock out pretty quickly. And I do motorcycle needs to be gone. After 21 debts, PayPal included, maybe it's 22. I don't know. It's an loss of it in the mess. You need to get rid of it.

That we cannot have that minimum monthly payment. knocking out 5,000. Yeah, there's about three payments left on that law, the Heston law one. But even still, I would rather you just fully get rid of it. Get rid of it. Because even if you're profiting, like a bit, and to throw that at the, like, okay,

you fully pay that off, then you sell your motorcycle, and then you throw that other debts. I'd rather you do that, because it's just the irresponsibility if we don't need it right now. We need to get out of debt now. Because you guys are not retiring. You're living in debt forever. Then you're, it's, it's, it's, it's, it's,

And I don't want that to be an option for you. So that's why I would also borrow the difference sell that a more expensive, newer car and get a $10,000, check-out, reliable, safe car. For shorter drives even, I mean, because, as you said, that car is not used very much. We don't need it to be a $20,000 debt at 12%. We're never opening up another credit card again. You guys are attacking this. If you guys go bring home the money, you can get out of this two, three, four years.

But if you don't, you're in this for the rest of your life. And I'm sorry that it's going to just a more dire no, but there's no point of going into hypotheticals. Yeah. Most important right now, you guys need to go make more money, and that's likely going to be from her working. Yeah. I'm sorry, man.

I wish I had better news. No, this is kind of what I needed to hear. Kind of just kicks a fire under, and I didn't realize I was that deep in. You were shocked to hear the minimum monthly payments that you owed on a monthly basis. You should know that. Everyone should know that. And the fact that you don't scares me.

So take this, take this as a wake-up call and go and turn your life around. Let's meet again in a year. And you should have made a bunch of progress, bunch of progress. Out of this completely? No, probably not. But you should have made a bunch of progress. You're 29. By your mid-30s, you'll have a fully funded emergency fund, no bad debt.

And you'll be contributing to a good amount to your retirement. and you guys can have fun. Those stressors that exist in your life from this will not exist anymore. That's if you take action now, now. It really can't be a choice, but it is a choice. So do you have any final thoughts? No, it's just, it's a little, it's hard to swallow. I just never expected to be this deep in.

I'm kind of just lost for words I really don't have much else to say on that part I mean you know it I know it that's a hammer financial score 0 out 10 that's a hard one I really they just need to bring in some monies right now and then they can start aggressively paying it off

I wish I had a more optimistic ending but check out all the resources linked in the description below they are what I use or would use in specific situations if you want to be in an episode of financial audit and you're able to make it down to Austin, Texas, fill out the survey in the description below.