Financial Audit - $400,000+ Of LGBT Debt | Financial Audit

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Starting point is 00:00:48 You are in a situation where you have a strong income that people would die for. Well, maybe they should work for it. You're basically saying, well, you make a lot of money. You don't have problems. You're not human. I didn't suggest that. It came across that way.

Starting point is 00:01:00 But anyway, Moving on. You are failing dramatically. You refuse to listen to the idea that I don't get paid on a consistent schedule. I love the moment he gets called on. Excuse me. I don't have self-discipline all the time. I'm impulsive.

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Starting point is 00:01:47 Hi, my name is Bryce. I'm 29 from Dallas, Texas, and this is financial audit. Thanks for coming down to Austin, man. What do you do up there for a living? So I'm an intellectual property, paralegal. Okay, very cool. So paralegals, not always making the most amount of money. What does you make? So I make $138,000. Well, that's a lot of money.

Starting point is 00:02:10 What the fuck is going on here? It would be my question because, wow, that's one of the strongest, at least single incomes we've had in a very long time. Household income. Sure, we get that, we get up there, which is still incredibly strong, but it's a single income that is incredible. Is it a single household? Yeah, it's just me.

Starting point is 00:02:27 It's just you? Okay. Why is your account on a monthly basis? I'm sorry? What hits your account in a monthly basis? Uh, I've, 7,600. What are you struggling with? I'm so confused.

Starting point is 00:02:38 Because I don't, I don't remember. I'm not, um, don't remember. What do you not remember? Do you not remember what you don't remember? What do you not remember? I don't know, I don't know specifics all the time. Income I'm not good at.

Starting point is 00:02:50 I can tell you payments, but payments of what? Like what, what's my utility bills or whatever, but income, I don't, I don't exactly remember. What are you not? So what you don't remember is your income? income? Yeah. So you don't know what hits your account? Correct.

Starting point is 00:03:04 I think it's 76. How do you possibly budget if you don't know what's coming in? Like you can't make, there's nothing you can do if you don't know how much money is coming at. 76 or 78. I mean, it's 70 something. I had 75. I had 7,583.

Starting point is 00:03:20 That sounds about right. Okay. But why are you struggling then? It can't be a, I don't remember. What do you like? Sure, you don't remember your income. why would you be struggling? I would suggest,

Starting point is 00:03:33 well, if you don't know how much is coming in, you wouldn't know how to budget, but why are you struggling? I just, I don't, I'm a bottom who's hit rock bottom, you know?

Starting point is 00:03:44 I don't know what else to say. How many, in weeks did he practice that before coming on the show? Yes, I feel like I'm in Gleen right now. I know. It's, I'm glad you're here,

Starting point is 00:03:53 you're gay, we're all thrilled about it. It's Pride Month. You look like you're on with your eyes right now. But, I, Are you? Bottom's love cocaine, right? No.

Starting point is 00:04:04 Colton, isn't that true? Oh, he says no. Bottom, who hit Rock Bottom. Good little catchphrase. And this would be Brock Bottom. What am I seen? What is this first thing?

Starting point is 00:04:16 This is your mortgage statement. Your past due on your mortgage statement. That's what they put at the top of the fucking pile. How can you be passed due on a mortgage shit? This mortgage is not... Hold on. You and your stupid little catchphrase. What's the budget?

Starting point is 00:04:34 I think you're cute. This mortgage is 27% of your income, strong income, an income that is easier to budget than a low income because the less percentage has to go to necessities typically other than the roof over your head because you pick the mortgage that is this amount. But $300 for groceries is a lot less of your budget

Starting point is 00:04:54 than it is for someone making $4,000 a month than that. So I don't see why the fuck you would be struggling. You got your little catcher. phrase, I'm proud of you. Good job. You did it. Loop up. Sniff the f***.

Starting point is 00:05:06 Sniff all the paupers you need. But you are failing dramatically and being behind on your mortgage. Why? Why are you behind on your mortgage? So, I mean, sometimes I'm just a few days late. I, you know, things happen. I work. What happens?

Starting point is 00:05:26 You work. We all work. Yes, I realize we all work. Okay. rent is not due because you work. I'm confused. Okay, but it gets paid. It might be paid a few days late, but it's paid.

Starting point is 00:05:38 If we're getting late on our mortgage, that is just suggesting. By a few days? Yes, if you're not paying your mortgage on time, that is just suggesting that you are putting yourself in a dramatically dangerous position, especially with such a strong income. Like, you shouldn't even be in a world where something is ever late. You're right. but I mean, I was a few days late. I'm human.

Starting point is 00:06:03 It's okay. No, why don't you have automatic payments? Oh, I don't trust. I don't trust automatic payments because I don't get paid on like a calendar day. I get paid every other Friday. This is 27% of your income. That shouldn't matter unless you're blowing all your money on bullshit. Well, maybe.

Starting point is 00:06:20 But I don't I don't get paid on like the first and the 15th. I get paid every other Friday. So I don't know when the first is going to fall, right? I don't know when the first is going to fall. I don't know when the payment is going to withdraw in relation to my paycheck. Does I fit sense? If you're consistently late. I'm not consistently late.

Starting point is 00:06:41 Oh, come on. But it's unfortunate. You found, this month is when we have this conversation. We have a strong income that people would love. People would die for. Well, maybe they should work for it. What do you mean? I work my ass off.

Starting point is 00:06:56 You're talking to me. Yeah, but you're willing to throw it away? I'm being late like a couple days, three days. Look where you are. This is the most recent month. Do you not see what a dangerous slippery slope this is? You are late now. You've been late before.

Starting point is 00:07:11 You know, you catch it before it hits your credit. Sure, before a full missed payment is declared on your credit report. I got you. But this is a slippery slope. If you are late at your strong income because you are afraid to put it on an automatic payment because 27% of your income going to the roof over your head, which is, by the way, normal or low, compared to most people, you are refusing to put it on a minimum fee payment because you don't know how to budget your income.

Starting point is 00:07:34 That is just suggesting how dangerous this is. How you're in a position where you could very much have an actual past due late payment before you know it. Four days becomes five days. Five becomes six. You never really know. Maybe the Poppers Convention is popping up around the corner and we have to go blow all our money there. Test out the new flavors. Maybe. And you suggest others should work for it? Do you look down on others' jobs? You're talking to me as if I'm like, you know, I'm...

Starting point is 00:08:06 Talking to you as if you're throwing it away. Okay. What? How do you think I'm talking to you? I mean, you're basically saying, well, you make a lot of money. You don't have problems. You're not, you know, like, you're not human, right? What?

Starting point is 00:08:22 I didn't suggest that. Well, it came across that way. But anyway, moving on. why you should be able to dissect arguments in a more you know practical way you're a paralegal it is very clear what i am saying this is a dangerous position to be in this is a slippery slope this leads to people getting foreclosure notices on their house like i grew up with this leads to people losing their house people get foreclosed on all the time it leads into a position where uh-oh you get laid

Starting point is 00:08:52 off and then you're do you have a substantial emergency phone full six months no Mm-hmm. And we're already living on the edge of five days, which becomes six, which would become seven, late on our mortgage. Yeah. Oh, I have the house. It's a fine house. Looks nice from the outside. It's unfortunately in one of those neighborhoods that was built in the last 10 years and they decided to plant no trees.

Starting point is 00:09:15 So it's kind of soulless and dead. But, yeah, nice house. Do you have equity in this house? How much did you put down? When did you get this house? So I bought the house with my ex. January 2021. Is he on the mortgage?

Starting point is 00:09:31 No. Was he on the mortgage? He was on the mortgage, yes. Oh, yeah, yeah, okay. Mess. So bought the house, lived in it for, I believe, a year, year and a half or so, and then we parted ways. Okay. Interesting story for me asking if you have equity in the house.

Starting point is 00:09:50 Do you have equity in the house? I don't think so, not right now, just because I bought him out of his equity. And I had to finance that. Really? Yeah. Okay. You had to finance that? How'd you finance that? So I did a FHA loan. So you can do an assumption and keep the interest rate. So I assumed the first mortgage, took a home equity loan out for $50,000, and then took a loan out of my 401K for around $10 and paid him out that way.

Starting point is 00:10:26 Goodness, okay. So what's the house worth? Do you even know what the house is worth? Do I know what the house is worth? I would say probably 360, somewhere, 350, 360? Well, that would suggest an equity position, but you're saying no. Well, I guess if you include your other debt. So it's probably like a wash.

Starting point is 00:10:43 Now, you said you're rock bottom. Why would you be at rock bottom? To you, what is rock bottom? I mean, I just had a moment. Well, you'll see in the credit cards, but where I just, realized, you know, I've just got too much credit card debt. It's been too much. And I don't know.

Starting point is 00:11:02 Well, spending too much. I don't know. Bill the void. No. What void are we filling? I mean, you broke up with your exes, sounds like. No, no, no. That's not the void.

Starting point is 00:11:11 I mean, I just work and I don't have family around. Why? I mean, because I live elsewhere. Where's your family? On the east coast. Why do you want to be here? Why do you want to have this house here? Well, I'm going to die in this house.

Starting point is 00:11:26 I have a 2.75 interest rate. I'm never leaving. Unless rates get to that again? Do you think we're ever going to get that way again? I don't know. You never really know, but you have a long life. A very long life left. I love where I live.

Starting point is 00:11:41 And treeless land? I have a tree in my front yard. So you bought this house with a dude. But you guys weren't married? No. Why would you get out of mortgage with someone you're not married to? I mean, it was COVID. We were stuck in a,

Starting point is 00:11:56 a small apartment together. That means to make a bad financial decision? I stand by that decision. 100%. Buddy, you had to take out a 401k loan and a home equity loan. And what's the interest rates on those? What do you have? What's your highest interest rate?

Starting point is 00:12:08 The home equity is probably 10%. Okay, then fuck off. So obviously, objectively bad financial decision. Look what you had to do in order to get out of it. You weren't married. There wasn't a good way to actually get out of it. Well, you bring in strong income. Was he bringing in strong income?

Starting point is 00:12:24 Yes. What was he bringing in? probably 250. And no one helps you with this now? Because that's a strong income to lose. No. It's just me. I mean, I, I, I, I, I'm a lone ranger.

Starting point is 00:12:41 Okay, so you're never going to date again. Well, not, not right now. It's not in the cards. I'm just, um, I'm living life. I'm, I'm, So why did you guys decide to get our mortgage together, though? Because that is like, what has been seen as an objective mistake here. Um,

Starting point is 00:12:58 Because we were in the middle of COVID and stuck in a small apartment. And the house was reasonably priced at the time. Interest rates were low. I'm asking mortgage together, though. I do regret that, honestly. I mean, I regret that whole relationship. I regret that whole relationship. Why did you guys break up?

Starting point is 00:13:17 How long were you together? How long were together for like four years. Okay. How long were together when you got the house? Just over two. Jeez, dude, that is okay. Without even the marriage, it just doesn't really make sense. Okay, and why did you guys break up then?

Starting point is 00:13:37 I mean, mortgage together, it gets scary. There's a lot of reasons, I mean, but honestly, it was the dynamic. I mean, um... What, two bottoms together? No. Uh, he used twice my age. So, like, I mean, and I didn't think that was a problem when we first started dating. I mean...

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Starting point is 00:14:30 If it works, it works, like, I don't care. I mean, I just felt like... How old were you when you guys met? I was 21. Like, a sugar to any situation? For a little bit, yeah. Yeah, because he was making money. Yeah, he was making good money.

Starting point is 00:14:42 So you were 21, he was 42. Oh, yeah. It's chunky. Yeah. It's chunky. I don't really care. Consents any dolls can do whatever the fuck they want. I mean, yeah.

Starting point is 00:14:53 It was good at the beginning, but... I don't know. know pretty soon I realized that uh we're just on different paths yeah you couldn't get hard anymore uh no he's just like he's got an established career he's already so do you no i don't and not at that time i mean when we met i was working at a call center making i don't know when you broke up when you broke up right but that's part of the reason we broke up is because i wanted to go and make uh you know a success of myself. I was building my career.

Starting point is 00:15:29 I was going to school. He wasn't spending time. Yeah. He wanted you to be a trad wife? I think I know what you're saying. Well, yeah. Like, why wouldn't you be allowed to go outside unless the dude's like,

Starting point is 00:15:41 no, you must stay a home and cook and clean. Correct. Really? Well, not cooking clean, but it was just like, you're mine. You can't have friends outside of this relationship. Oh, okay.

Starting point is 00:15:51 Well, that has nothing to do with the age gap. That is just him being weird. Yeah, it was weird. Okay. Yeah. I mean, that's a good reason to break up. I mean, that actually, compared to how most people use the term, is actually closer in line with the real definition of grooming,

Starting point is 00:16:09 where you separate people from their outside support system so you can't have anywhere to go. Yeah, it was a little toxic. Yeah, toxic for sure. I'm glad you broke up, but now this house is all on you. And you guys got into it to be in it together. Yeah. Now you're behind.

Starting point is 00:16:28 By a few days, but yeah. Yes, but it's the start. I get it. It's the start. I mean, and you don't have an emergency fund. Do you like your job? Law can be hard. It is hard.

Starting point is 00:16:37 It would be a lot of hours. It is a lot of hours. I feel a little burnt out lately, honestly. Okay, I have noticed that he told the producers, by the way, that he straight up doesn't like his job. So, okay, that's what you told them. That's what I'm going to go off of. You're on camera now. So some people get a little nervous to say the reason.

Starting point is 00:16:56 answers. Okay. Yeah, if we're late, we don't have an emergency fund. You don't even like the job that you have that is making it so that you're able to do these things. That is the three pillars of get fift pretty soon. Because if you get burnt out, you stop performing as well. You get fired. Or you get burnt out and you, you know, decide to step away.

Starting point is 00:17:19 I've had people that have come on the show that abandon their job without an emergency fund without a job lined up because they just could not take it anymore. and they're like mental health, mental health, mental health. Oh, I'll never do that. Yeah, we'll see, though. We'll see. People get pushed to that edge where they see no other option. Are you looking for other jobs?

Starting point is 00:17:35 I kind of have golden handcuffs here. Exactly. So you might get pushed that edge. I don't have a lot of options as far as, like, unless I downsize. I've seen people just like you. I've seen people just like you who abandon a job that they do not like and they don't have anything lined up because they get pushed to that point. then they get to a position.

Starting point is 00:17:58 FITZION. I mean, I see, yeah, savings is horrible for what your income is. And listen, here's the thing. Your income, it was $7,583. But you had more money come in because of a tax refund. Good job. Congratulations. You put too much in taxes throughout the year.

Starting point is 00:18:20 But doesn't matter because even with the total 13,193 that came in, How much went out in your opinion? Not in your opinion. What do you think? Probably 15, 17, something around there. 16,379. So you had almost double your income compared to normal. Being behind, not having an emergency fund, hating your job,

Starting point is 00:18:42 and yet you still go blow more than came in with a tax refund month. Why? Why is it even close to acceptable? Maybe you need a 50-year-old Dom Daddy to come in and actually hold. you down because you can't be trusted with your own finances. I mean, I guess that's why I'm here. Trying to figure things out. I mean, I...

Starting point is 00:19:03 That is such a cop-out answer. Why does everyone fucking say that answer when they're pushed into a corner? I don't get it. Maybe. I want to know self-assessed why you think that is okay. Why you did that. I'm trying to get into your brain at this moment, buddy, so we can have a conversation and I'm able to take the perspectives that I learned to this moment.

Starting point is 00:19:21 Let's shave $3,500 off the top of that because... Okay. I was a conference for work, and those were business expenses that I'm getting reimbursed on. So I get you pretty much if you just do that, which, by the way, when does that reimbursement come in? Because you would have to put it on a amount of debt, which means you pay interest on a business expense with even you reimbursing it. You still lose money via interest. It's very annoying, yes. Yeah, how long does it take to get a reimbursed?

Starting point is 00:19:47 I mean, I should get it in a week or two. Still? Whenever, yeah. I mean, I... When'd you go? May? and a May. That's brutal.

Starting point is 00:19:57 It takes a month and a month. I mean, I was slow to submit my receipts. Why? That's on you. See, there we go. Right. Because when you're at a conference, your mortgage,

Starting point is 00:20:05 when you're at a conference, you're also working and you're, like, the work doesn't stop. So when I came back from that, I had a whole bunch of ketchup and things to do, and that was my priority. Ketchup? Did it work ketchup?

Starting point is 00:20:24 Yes. You don't have any time. You do not have five minutes to gather receipts. Better go to stupid answers for 200, I think. I just had other priorities. What were your other priorities more than, we're financially and we're behind on our mortgage? Keeping up with work.

Starting point is 00:20:43 It was not 24 hours. It wasn't 24 hours. 24 hours for a month. No, I'm not saying that, but I just, I was backed up. And so it took a while. And so I'll get it. It's coming to me. It's been submitted.

Starting point is 00:20:56 Yeah, but you lost interest for a couple months almost. And even that, you brought in your tax refund and you just blow it immediately spending, let's say, getting rid of the conference. I put it on credit cards. Huh? I put it on credit card. I spent, I put it towards a credit card. Which you then turned around and completely spent on. So it negated it.

Starting point is 00:21:20 You really just used your tax refund money to go spend on both. So it's like, okay, that sounds nice, but we know what actually happened. Because your documents are literally in front of us. I didn't think about it like that. Why? You're such a smart guy. I don't really pay attention to my finances, as I should. Mortgage, man. You're on your own now. How many years has it been since you've been on your own?

Starting point is 00:21:46 Two? Okay. I don't know, dude. Next time you go to a conference, man, got to spend more time collecting receipts, unless time cruising the understalls in the conference center. Let's talk about student loans. I know it's something we all want to avoid talking about, but if your private student loans are crushing you, why refi might be exactly what you need.

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Starting point is 00:23:10 and for all what do you think your financial score is zero to ten zero being the worst ten being the best where do you think you are in this world of finances i'm going to say a two okay if you want to your financial score if you want to see where you stand take the free assessment at calebhammer or click that link in the description below. And if you don't want to end up on this show, all you have to do is download the dollar wise budgeting app, sign up for your free trial. And if you want to take you to the next level,

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Starting point is 00:23:49 gets a signed version of our budget-friendly cookbook. and I'll mail it directly to you. If you want to go on the show, you can also go to kalepimer.com slash apply. Okay, well, we already have the mortgage. So, home. Zillow's seeing it worth about $3.30 or so, I think, is what I saw.

Starting point is 00:24:08 Zillow is not 100% perfect. It's been, you know, getting better, but, you know, it gets a little excited sometimes. So you have $27,57,592,11 cents on your primary mortgage. Obviously, we know there are more debts that are involved. Of course, the payment that was overdue was $2,117.4. And again, I mean, this is how this starts working and starts compounding, man.

Starting point is 00:24:34 We get past due on $2,117. Then in order to make that payment, you don't have the $2,117 to make the next payment, which starts compounding. And then you push that, again, six, seven, 14 days, you know, behind. Then you just get to a dangerous point where you're always behind. then all of a sudden you're a full month behind. It's late payment. You get, you know, multiple months behind,

Starting point is 00:24:57 you get foreclosure notices. Again, the only reason I am harping on this is because I saw the cycle is I was literally growing up. People get foreclosed on every day. You're not a unique unicorn. No offense. On life, not ever going to see any consequences for your actions. I don't know what to say. Just accept it.

Starting point is 00:25:24 Okay. Yes, we love the interest rate. The interest rate's great. 2.75%. I understand why you want to kind of lock it. Okay? Well, especially if you have to miss. This thing's insane. What is going on with this card, my guy? I use it for everything. And you're okay pushing it to max out while interest is accruing? Nearly $700 of interest in one month. Yeah. Yeah, it's $28,864.60. And whereas, I mean, the minimum monthly payment itself is disgusting. Like, no wonder we're late on mortgages here and there. How can you do it if this is half the cost of your mortgage on a monthly basis? $1,0.81.11. Is this where you put your tax refund?

Starting point is 00:26:22 Yes. What the fuck, dude? You put the $5,000 towards it. It doesn't. matter. You win and spent $7,688.06. Well, nearly $700 of interest accrued. Yeah, it definitely snuck up on me. I mean, um... Snuck up. What? What are you talking about? You went and spent $8,000.

Starting point is 00:26:48 Snuck up on you? Well, overall balance is what I'm talking about. I mean... I don't understand how that snuck up and you spent $8,000. That's not a sneak. it doesn't feel like I spent $8,000. I don't know. There's just a bunch of smaller transactions. It just adds up. And I just didn't realize where it got it.

Starting point is 00:27:12 What does spending $8,000 feel like? That's your, that's more than your, literally more than your monthly income. Like, how is this sustainable? Well, it's not we're behind our mortgages. No wonder, no, our savings isn't even close to the six-month emergency fund. We hate our job. Yeah.

Starting point is 00:27:27 Not lining up great so far. What does spending $8,000? hours feel like? I don't know. I just kind of, um, I black out. I kind of like turn a blind eye and then we have a big balance.

Starting point is 00:27:40 I just, it's not on the forefront of my mind. What's on the forefront of your mind? So I don't, I don't know if you're going to like this answer, but um, like during my relationship, I was like kind of like closed in.

Starting point is 00:27:58 Like wasn't it like I couldn't hang out with a bunch of friends. Like, it was just it felt, I felt smothered. And like, ever since I've gotten out of that, I've just kind of done a 180. And I have... Oh, you're overcompensiting far. I am...

Starting point is 00:28:14 What are you doing? I feel like I'm... You said this place was steps from the water. We just haven't found the steps yet. How much did we save? Enough. Enough to get lost. Or, you could book a stay with Hilton.

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Starting point is 00:28:47 What are you spending on? I'm trying to have fun. In your perspective, what are you spending this on? I think most of it is going to be like eating out or like Ubers or going to concerts. going to festivals. Oh my gosh. How many festival people on this show?

Starting point is 00:29:03 It's fun. You should try it. I go to the local one. Austin City. Oh, ACL. That's fun. But I can afford it. And you should be able to as well.

Starting point is 00:29:14 But you're spending more than you make it a monthly business just on one credit card alone. And then the minimum fee payment is half your mortgage, the mortgage is that your mind on. So you have to, you can live a life on your income if you actually stay at this job. But you have to budget it in. and now we have to pay off all the consequences of your previous actions, the fund, this life that you've been living for two years. And you're going to have to bring in more money, Guy,

Starting point is 00:29:37 if we want to pay this off quicker so you can get back to fun quicker. How long does this take the pay off, dude? How long do you think this takes to pay off? Minimum monthly payments only without purchasing, which... Right. Yeah. If I was just doing just the minimum, I don't know, 30 years? 31 years.

Starting point is 00:29:57 You'd be okay. with being in a retirement age. You'd be able to take from your retirement accounts, if there's any left, at no penalties, you'd be able to take it out, 59 and a half. That's how long you'd be paying this off,

Starting point is 00:30:10 this payment that is half your mortgage. In fact, this would be paid off after your mortgage. I don't know what to say. Hamper, what the fuck is hamper? $31.14. That's a laundry service. Boundry service.

Starting point is 00:30:30 You, you are you do not live that life you're not there sorry i mean just just straight up sorry that's that's not a ego stroke i could afford that i'm in that life yay for me uh you're just not i would love you to be there i'd love anyone to get there if you cannot afford something you cannot afford it don't do that i watch my alcohol yeah i i mean most of the time i do but when i'm i when i when i if it's a week or I'm working 60 hours and I need I need...

Starting point is 00:31:08 I mean, sometimes we have deals happen. Sometimes we have, you know, transactions and, you know, I don't think you understand what it's like to work in a law firm. In a law firm, but I know what it's like to work 60 hours plus there are people out there with kids that work 60 hours plus that do their own laundry and their kids laundry. You have no dependence. Law firm specifically no, but the hours

Starting point is 00:31:34 For sure. For sure. Yeah, I mean, I sometimes just need to do what's convenient. Need? I mean, that's what I felt in the moment. Yes. While we were maxing out a credit card that you can't pay off. Tickets to disco.com.

Starting point is 00:31:52 So we're spending that great. We're going to Shake Shack. Certainly not bottoming that night. He went in, got some bullshit from 7-Eleven. Subscription, winning, got some bullshit. Winning, got some BS. Wendy's timed village, Bloomingdale's outlet. Nordstrom, Nordstrom ain't cheap.

Starting point is 00:32:11 Norseum ain't cheap. And you could actually afford Nordstrom. But not with the way you're spending on everything else in this world. You're beyond spending more than you make. I mean, listen, again, more than comes in an normal month you spent on this card alone. We have many to go through. Express, and I love me some Express. They give me 50% off, so shout out.

Starting point is 00:32:32 Starbucks, Zara, going in and getting some BS, Greek lover food, Sparks Smoke Shop. What are you doing? What are you smoking? I need to pick up a vape. Why?

Starting point is 00:32:46 You're not even in that. Buddy, I mean, you're older than you. We miss the vapes. I know. We miss the vapes. You're going back. It's not a healthy habit. I mean,

Starting point is 00:32:57 I was smoking in high school, so I guess it's better than that for now. As far as, we know. As far as we know, sure. As far as we know, but we do not know the long-term consequences. There have been many people with collapsed lungs.

Starting point is 00:33:10 In fact, one on the show from Paveyne. Sounds like a problem for another day. Huh? Sounds like Bryce's problem for another day. Oh, he said his real name. That's what happened. That's what that bleep was. The number one YouTube membership just got upgraded.

Starting point is 00:33:28 And for this month only, you can join for free. Three exclusive shows every day, Monday through Friday. Financial Audit Post shows. Exclusive and uncensored financial audit episodes. Our call-in show, Hammer It Out. Well, then take the train you. And brand new shows, Fat and Fatter. That is...

Starting point is 00:33:51 Whoa. I would go off, Brand. Behind the audit. This was wild. Hammer versus Internet. And now, upgrading from one live stream a week to two. No other channel offers what Hammer Elite provides. Join with the link in the pinned comment or description below.

Starting point is 00:34:15 Submit proof of purchase at Hammer Elite.com, and we'll reimburse you for the first month with a $10 digital gift card that can be spent anywhere in most countries. Sorry, North Korea. This one isn't for you. Yeah, this is how we have to do a free trial on here because the platform doesn't currently offer free trials. It's okay. It's worth it.

Starting point is 00:34:33 Yeah, it is. Join Hammer Elite, the best membership on YouTube today for free. Yeah, it does. And it sounds like a very expensive program as well. Problem, expensive problem. One thing at a time. Yeah, but maybe we stop that so we don't have to deal with it. I mean, do you work out?

Starting point is 00:34:53 You seem, okay, you do that so you can live a better life. Why harm yourself at the same time, especially with a very expensive addiction? Put in the work, man. Put in the fucking work. Also, I love how you don't have enough time to wash your laundry, but you have enough time to go all these festivals and concerts. In fact, the second purchase on here after the laundry was to go to a concert. Priorities.

Starting point is 00:35:17 Yeah, priorities are... Cochina on the something. Winning gas and BS. What are you going into the gas station getting constantly for like six, seven bucks? Usually like a red bull and a snack. What? Dude, just buy a buck, man. And again, just buying bulk.

Starting point is 00:35:34 If you just properly budgeted, you could live so well. You have no idea. People out there, now are watching this video right now, are begging to have your income. And yes, even with 60 hours a week sometimes, they would beg to have your income. They should work for it. I agree.

Starting point is 00:35:49 If they want that job, they should work to go get that job for sure. But that's a little easier said than done. You are in a position where you are childless and you're single. Other people have harder obstacles. If they put their life on hold to go to school, They might not be able to pay for their kids' ability to, you know, get school supplies or in a sports program, whatever it is. You are in a mortgage situation.

Starting point is 00:36:13 If someone else is in a mortgage situation, how do they pay for that if they put their income on a hole to go to school? It's easier said than done. I mean, I went to work full time. I went to school full time. I mean, it's doable. It's tough. Again, without kids and stuff. Other people at 30, at 30, 29, it's a little harder.

Starting point is 00:36:28 I'm not saying, oh, trust me, people should, if people want to do it, you're right. They should work for it. I'm not jacking them off, you know? But still, people out there wish they had your income and look what you're doing with it. It's a joke. You could be living such a good life and you're choosing to live a life. And I don't understand why. The soap factory venue twice?

Starting point is 00:36:49 It's a venue, yeah. Great. So two concerts. I got two drinks. That's it. Two concerts this month. But we can't do our laundry. It's so easy to just throw it in, let it go.

Starting point is 00:37:00 It's the folding and putting it away. Don't fold it and put it away. Hang it up. That too. That's quick and easy. It's awful. Quick and easy. I'm a lazy little bitch and I do that.

Starting point is 00:37:12 I mean, you wear black t-shirts. I wear a lot more than this. I don't wear as fruity as that, but I've been wearing more collars. I'm proud of you. Thank you. You're doing great. Even still, I'm confused how folding up this

Starting point is 00:37:25 versus folding up that is, or hanging it is much more complicated. Buttons. I'm just saying it's a lot of, Laundry's a lot of work, and it's the one for I really don't like. It's really not. I understand not liking it, but it is not a lot of work. For a single dude.

Starting point is 00:37:38 I'm sorry. When you live in the closet, you build up a wardrobe, and it just keeps expanding when you get older. That is the gayest excuse I've ever heard in my life. I mean, it's true. I have a lot of clothes. Yeah, but you can get rid of clothes, and you're not wearing all your clothes. You have a lot of clothes. You're not wearing them all every week.

Starting point is 00:37:58 So that doesn't make sense for your laundry situation. just because your owning clothes doesn't mean your laundry's high. It's based on what you wear. Yeah. It's also based on how big that stack of unwashed clothes gets before you decide to not be a lazy piece of shit. I mean, I do live alone, so I get to it when I get to it or I have somebody else to it.

Starting point is 00:38:19 Yes, and look how that's working. It's going so well. Riches? What's that? I don't know. You tell me in San Diego. Oh, I'm not sure. I was on a work trip, so. So you're blacked out again? I mean, it's being reimbursed.

Starting point is 00:38:34 So really go into the bar there? Yeah, it's called business development. Yeah. No, I'm not even joking. I know you're not. I think it's a joke. It's not. Not in my industry.

Starting point is 00:38:50 No, it's not, but I think it's a joke. I'm not joking. I know you're not, but it is a joke. Why do you think it's a joke? Because it's stupid. Okay. Went in and got some bullshit. Went in and got some bullshit.

Starting point is 00:39:01 Tom, Thumb, Einstein, Bros. We'll say DJ set. So here's the third one. Third one. Third one can't do our laundry. More DJ set. I'll do it. Club.

Starting point is 00:39:09 Went to the club. Can't do laundry. It'll do. Door dashing. Door dashing. Gong Cha, 7-Eleven. Went and got some bullshit. SoundCloud Monthly?

Starting point is 00:39:22 Who the f f f f does that? It was Spotify, which I'm not even digging in on as much these days, but SoundCloud monthly? What the fuck are you doing? Hobbies. Our hobby is paying for SoundCloud monthly? So I DJ when I'm not working at a law firm. Good.

Starting point is 00:39:43 So we have time to DJ but we can't do our own laundry. Again. Priorities! Yes. That is a priority. It shouldn't be. It sparks joy. Huh?

Starting point is 00:39:51 It sparks joy. Sure doesn't clean clothes? Yes. That's why I have somebody else to it. How much you spend? That is not a cheap hobby, man. People get in the. equipment world hard. I've come from the music world. I know how expensive this can get. How much

Starting point is 00:40:03 have you spent on DJs? Um, we're probably around 10 grand. 10 grand? Spend 3,300. What is your life? Why have an emergency fund to be able to pay a mortgage on time when we can spend 3,300 on a new controller? I bet your beats aren't even good. You should come to one of my gigs. No. I will never be seen. Oh, DoorDash, DoorDash, Gongcha, winning, some BS, winning us and BS. There's his on Club Monthly. Grand King Spots. We have time to go to the spot, but we can't do laundry. Lots of time to do pretty much anything but basic chores. Vicki's gardening. I had some plants to put in my landscaping. Right. So we're landscaping, but we're not doing laundry. Dude, this is so stupid. Winning got some BS gardening again. Oh my gosh. The statement

Starting point is 00:40:59 is insane. The statement is insane. The statement is insane. Winning got some BS press of Tom Plaza DJ pool winning got some BS Ubi dooby Ub duby It's a festival I'm sure it is

Starting point is 00:41:19 What is this number six And you still haven't done laundry Oh Winning got some BS DJ City Number seven But we No that's a subscription West Enterprises

Starting point is 00:41:28 Ubiduby Ubiby so that's number seven Renaissance Tom thumb Beat That's a grocery store Panera bread Bread buddy and you spent $9.

Starting point is 00:41:40 I don't know for a fact you weren't getting groceries to prepare. Oh, Red Bull and a snack. Yes, Red Bull and a snack. Winning got some BS, DFW brand shop, winning got some BS, Univision Shop,

Starting point is 00:41:52 I think Amazon, Venet machine, music mate, Venon machine, Spotify, Uberit's, Beatport, Capcut,

Starting point is 00:42:04 what? I don't even know. Oh, for a fuck sake. Oh, you have Lifest. inflated beyond beyond what you can possibly handle

Starting point is 00:42:15 and good luck coming back down to Earth man, Dropbox you pays for that as well 360 Marget, race track, after hours video? What is that? It's $114.15. It's an adult shop. What are you getting?

Starting point is 00:42:32 What do you get at an adult shop? I don't know. What are you getting? Wouldn't you like to know. That's why I asked. What do you think your question is? What did it get? Just twice. Another concert, sake, man.

Starting point is 00:42:46 See tickets? And Siegel's beverages. You've had a late fee this far, the year so far. I'm sorry? You've had a late fee this year. I had a couple. The slippery road that he doesn't seem to understand is slipping.

Starting point is 00:43:09 I mean, obviously I don't want a late fee. And most of the time I get it right. But we're not even fully halfway through the year yet. And you said a few. Fuck you. You're choosing all that bullshit. The Red Bull and a snack. And then you're late?

Starting point is 00:43:27 I don't know how those two have anything to do with each other. What are you? Buddy, if you're going out and blowing all your money and your minimum payment is so high that you are too afraid to put something on an automatic payment. I'm not afraid to make a payment. You're too afraid to put it on an automatic payment. Because it is so chunky. You refuse to listen to the idea that I don't get paid on a consistent schedule.

Starting point is 00:43:52 I don't get paid in align with the due date of every single bill in my mortgage statement. So I don't have everything on auto pay. Sorry. If you're budgeting like a big boy and not blowing all your money, your minimum monthly payments wouldn't be so high that you're not afraid that they can be on a minimum monthly payment that you are having on an automatic payment. Ambition comes in all shapes and sizes. At First Citizens Bank, we roll with your goals because we're built for what you're building.

Starting point is 00:44:26 Fit for your ambition for Citizens Bank. You shouldn't be afraid if you budget properly. Your minimum payment shouldn't be so high that you're afraid of an on-demand payment if you're not spending all your money. What are you talking about? Where is this logic? I don't know. You know more than me about this, I guess. Buddy, this isn't complex stuff.

Starting point is 00:44:46 This is a very basic show. Very basic show. I yell. I goon. I, Rost, and we talk about basic finances. Come on. They ask you how you are you. You just have to say that you're fine.

Starting point is 00:44:56 You're not really fine, but you just can't get into it. Saying I'm not listening to your logic. I understand. Your logic's flawed. Your logic's moronic. It's you blowing all your money until you're maxed out. All right. Well, that's where I, that's my perspective.

Starting point is 00:45:09 Your perspective. And if we have a flawed perspective. Maybe that's my flawed thinking. I don't know. If we have a flawed thinking. You don't seem to accept that. If we have, but the thing is if we have flawed thinking or flawed perspective, that's when we change it.

Starting point is 00:45:22 All right. Teach me your ways, sir. Teach me your ways. I just did. If you're budgeting properly and not blowing at all on snacks and red bowl, that's that easy. You budget and you don't blow all your money. Your minimumity payment gets lower. You start paying it and you can put it on automatic and you budget properly and you won't be afraid when they hit.

Starting point is 00:45:45 I don't know. I'm sorry. I'm sorry. I don't understand the complexities. Maybe you can tell me where you're. you confused on that? Let me be real with you. You can't fix your finances if you're running on four hours of garbage sleep every night and I'm not talking about staying up late grinding. I'm talking about tossing and turning, overheating, waking up more tired than you went to bed. That used

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Starting point is 00:46:52 Again, that is 8Sleep.com slash hammer. And use code hammer. This is one of the few upgrades I made that actually paid off. So if you're serious about changing your life, start by getting some real sleep. I'm not confused. I'm just telling you where my mind was at. Where I'm at. Like where I'm at.

Starting point is 00:47:09 So that's it. Yeah, but you can change your thinking. I mean, you're having late fees again. That's why I'm here. I mean, I'm trying to, yes, yes. The first step is Acknowledging a problem Mm-hmm

Starting point is 00:47:21 Second card This is another city advantage, no? Yeah. I like the travel benefits. Which is completely negated by all the interests That is agreeing, so I don't really understand.

Starting point is 00:47:36 I don't know. It's paying for my trip next month. Yeah, and you've more than paid for your trip in the amount of interest you've given them. I still enjoy it. Okay, but you could have paid for a plus maybe a first class.

Starting point is 00:47:51 Ticket. If you weren't giving them all money and interest. I'm saying the money would have stretched further. Okay, gotcha. Where are you going even? Tomorrowland. In Belgium.

Starting point is 00:48:09 You have maxed out credit cards who are behind on your mortgage and you're going to Belgium? You are prioritizing the wrong things. You are living such a delusion of life. You are going to be the wealthy person that loses it all and everything.

Starting point is 00:48:26 You could be so wealthy. You could be so wealthy. You could. I don't know why you accept this life. No wonder he left. $5,093 to 99 cents with a minimum monthly payment

Starting point is 00:48:44 of $224 and $11. You purchased, again, $1,454 on this. $173 of interest was accruing. is accruing. You're also going to Peru later this year? My, dude.

Starting point is 00:48:59 My absolute, what are we doing? A wedding. You're getting married? No. Then I don't care. You can't afford it. It's as simple as that. Destination wedding, some people,

Starting point is 00:49:11 if someone picks a destination wedding, they have to accept that not everyone can afford to go. It's Mount Trapichu. Once a lifetime. No. No. Make a lot of money. You can go more.

Starting point is 00:49:27 multiple times in a lifetime. I don't want to go to multiple times. You can go one time later. I want to go with my friends and celebrate their wedding. Couldn't even sell your house right now. You'd be underwater. I told you I'm dying in my house. Yeah, but if in case of an emergency laid off,

Starting point is 00:49:45 you would rather sell it than get foreclosed on. Yes, of course. You wouldn't be able to sell it. After commissions and fees and everything, no. You'd be... Dude. I feel like the points have kind of made it easy. I mean, the points paid for all the travel.

Starting point is 00:50:06 Shut the fuck, dude. Yes, but you have paid more in interest. How do you think they make money? They're not a charity organization handing out free travel. Zatio, Fifth Fire Side, Select Start Arcade. Arcade, Grand King Spa, Waterburger, Paxon Beneficia, Yolk, Maine? Brunch. Great.

Starting point is 00:50:39 All this will be paying for laundry again. STK, Papa Docs. By the way, laundry services, someone comes and picks up the laundry, watches it and brings it back. Well done. That's what I'm letting them know because why the fuck would people know that I only learned about this a month ago when someone suggested to me. Who the fuck knows these things?

Starting point is 00:50:55 Like, it's not, he's not going to a laundry place. They're coming and babying him. Papa Docs, DJ Suite, RSV Complex, RSV Complex, thirsty beaver, Waterburger, Taco Bell, Burger King, Panda Pegoda, Coin Op, North Pa.

Starting point is 00:51:18 I don't know. Observery North. Riches, riches, riches, riches. Drink, drink, or a development. Business. A lay fee this year as well. On this card. What the fuck are we doing?

Starting point is 00:51:33 This month I was just distracted. Every month it apparently seems because No, because I don't get lay fees every month. It wasn't this month, though, but you were laid on your mortgages last month. So you have had three. These are all the same cycle. No, this is, I'm saying this year so far. It wasn't this last month.

Starting point is 00:51:49 It wasn't this last month. You've had multiple months within this year. Are you looking at interest? Oh, my, I'm saying fees, late fees, buddy. Mortgage is behind this most recent month. Early in this year, this was behind. Earlier in this year, another one was behind. You are having multiple times throughout just the six months we have been existing this year

Starting point is 00:52:08 where you have been late. All right, but did you see the payment I made the day after? Because I knew that I missed the payment. I was like, oh, shit, let me pick that out. And you're paying fees because of it. Look how you're managing life. And that's the consequences of my actions. No, it's the consequences of credit cards.

Starting point is 00:52:22 You're not a credit card person. Why would you possibly use credit cards? Because I used to be really good at it. Doesn't matter. you're not. I don't care. I mean, I've just kind of gotten in a cycle. A murderer used to not murder, and then they murdered. We should probably put them in prison. Because they're a murderer now. Listen, you're bad at credit cards. This is a tool that you are, it's a tool just like a hammer, but you're swinging back and in yourself in the head. I mean, I used to pay, pay, I used to be really good, you know, pay it off by the due day in full, you know. Okay. I, I don't, I, and then I got in a cycle and I got carried away and yeah. Which is where you are. So why would we still use credit cards? I, uh, yeah. Used to? Well, because, you know, when you get into the cycle of using credit cards for everything, then all your payments need to go to the credit cards,

Starting point is 00:53:04 and then you don't have anything on your checking account left. I understand how that works. Right. So you're asking how do I, why am I still using them? Because I'm in a cycle and I don't know how to get out of it. Buddy, all you're spending on here has been bullshit. You don't have to spend this money on this stuff. If it was necessities, that'd be a different conversation.

Starting point is 00:53:18 Never looked at it that way. Oh. Okay. Well, either way, buddy, listen, If you used to be a bad person, you no longer are. I'm not treating you as a bad person. You turned your life around, okay? It's not fucking TikTok where we punish people forever, okay?

Starting point is 00:53:37 You used to be a credit card person. Now you're not. I'm not going to treat you as a credit card person because you were. You are not right now. That's all I care about. I see. What happened? What was the turning point where you were like,

Starting point is 00:53:49 okay, I was paying them all off and all of a not? I don't know. They're good at what they do. They give you all these intro offers and they let you carry balances and there's like zero percent for such a long time. And then it sneaks up on you. And then they have these like built in with a credit card. They're like, oh, do you want to take six months to pay this large purchase off?

Starting point is 00:54:08 And sometimes I do that. And it's like, and then all that expires. And here we are. I don't know. There's a lot of reasons. A lot of reasons other than you just being like, oh, I'm bad with money. Yeah, I've had that realization. Yeah.

Starting point is 00:54:25 But all the reasons you gave were everything else. of you and what you're doing. Deflection, deflection, no accountability. How do you get it far in life without accountability? I don't know, man. You got to change. You got to realize what you've done is wrong. I mean, honestly, I'm not accountable to anybody.

Starting point is 00:54:40 But you should be at least to yourself. That's fair. And also you're accountable to your boss. What the fuck you're talking about? You're also accountable to the city to pay your property taxes. Which I do. Exactly. You're accountable to people.

Starting point is 00:54:52 You're accountable to the bank to pay your mortgage. I just don't. Yeah, but it's a lie. You are accountable to many people. That's just incorrect. If your worldview is there, we need to correct it real quick because he ain't just walking around, not owning anyone anything. That's not my worldview. I'm just saying that's part of the problem.

Starting point is 00:55:10 I mean, I just, I don't have self, I don't, excuse me, I don't have self-discipline all the time. I'm impulsive. I don't, am I getting any of the answers? Like, this is, I'm trying to tell you how I got in it here. And this is why I love it. Again, this is, this makes sense. This is his answer that he gives for everything. He says something that is like objectively a bad worldview.

Starting point is 00:55:32 I call him out on it and he's like, oh, but that's what I was thinking. You just told me you're accountable to no one. And now you're saying, oh, that was just past me thinking. No, I'm not saying. I said, I am an impulsive person. You said you're accountable to no one. The two are not mutually exclusive. But that's what I was talking about.

Starting point is 00:55:49 That's what I was having a conversation about. Unless you're having a different conversation. I don't know. Excuse me You're dying, don't die Air All right You're okay

Starting point is 00:56:07 I'm okay Yeah, you still got coca's So I don't know Cocahina No Flower I didn't sleep pole last night A little nervous

Starting point is 00:56:14 A little nervous guy Yeah Yeah that's okay I'd be nervous too I get it Next is the slate card Oh good We paid 500 hours tours

Starting point is 00:56:22 So then I spent $3,083 I don't understand The fucking point You owe $4,535.19 with $145 minimum fee payment. These minimums are stacking. No wonder we're late on shit. What a thought.

Starting point is 00:56:37 It's not a disorganization. It's you have stacked your minimum payment so high that they're hard to afford. 15 years to pay off minimums solely without any purchases. Oh, here's a $40 fee. Yeah. So this meal's recent month on this one was a late payment. Multiple months throughout the year, four accounts so far all behind schedule. I'd vibe with your logic if you at least made something on time,

Starting point is 00:57:02 but so far you haven't. It's been completely f***. It was a bad month. No, no, no. But the other ones were from previous months. So every month's been a bad month according to you. No. No?

Starting point is 00:57:14 Okay, think what you want? What are you talking about? Again, on the other, the two credit cards from- All of these are on the same month. No. You tit. You're not listening. I don't know what you're looking at because it makes no sense to me.

Starting point is 00:57:25 I don't make late payments every month. I don't incur a late fees every month, but we've had four this year so far. We've had four this year so far. Okay. One from this most recent month, this one. Right. This statement is from the most recent month and you had a fee on this statement for not paying on time. Your mortgage was behind from this most recent month.

Starting point is 00:57:42 Okay, good. We got that. Okay, same month. Yes, from those two. The two credit cards that we talked about before this, the fees happened earlier this year, not this most recent month. Earlier this year. So you have been late at least twice. A couple times.

Starting point is 00:57:56 Yes. we've established this. I don't know why you keep saying it. Like, yes, I told you. No, because you just said it was a hard month suggesting that everything has been this last month. No, I'm not suggesting that at all. Oh my gosh.

Starting point is 00:58:09 I'm saying I've been late a couple times and you keep repeating it. I don't know what else to tell you. Yes, you're right. And why say this was a hard month? You're only looking at this last month's statements. I'm just saying it's not something that is a regular thing for me. Four times this year.

Starting point is 00:58:23 It's been six months. I don't know what you're talking about. Maybe twice. I don't know. Four. I've had four. I've had four statements of this. I'm sorry.

Starting point is 00:58:30 Maybe we're looking at two different, different ways. I'm just looking at the statements. Yes, I understand. You're looking at a count by account. I look at things month by month. Hey? Okay.

Starting point is 00:58:42 And you can't tell me what months from your two, the two city advantages that you relate on? Would you even know? No, I don't. So you're not looking at things month by month. But generally, but generally when I'm late on one, if I'm late on a credit card,

Starting point is 00:58:55 there's a good chance. I might be late on something else in that same month. How's that memorizing? It just happens. But you don't know when you were late just like a couple months ago? Like I would know it. That's not memorizing. That's just that happens so you know. We dedicate our memorated different things. Yeah, but that's the simple one.

Starting point is 00:59:13 That is a very simple thing. Yamava Resort and Casino at San Manuel is California's number one entertainment destination for today's superstars. Catch the Jonas Brothers return to the Yamava Theater stage on April 30th. The powerful vocals. of Demi Lovato on May 17th and the signature Southern Country Rock of Eric Church on July 19th.

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Starting point is 00:59:53 Whatever. Four and six months. That's a majority. Apple bill. Apple bill Roku for Disney Apple Bill Main Street Bakery Apple Bill faded in cold Beeport, beat port, the amount

Starting point is 01:00:09 you're spending on this music shit's insane Instead of actually paying off our debt. What the fuck? Apple, Best Buy, Guitar Center, IKEA, Wendy's, Guitar Center, $563, come on! Amazon Apple Bill,

Starting point is 01:00:23 art, nails, spa? They look like nails. You use a Flipper, dude. urgent CBD hookah DoorD Dash Pass Striking Real Insomnia cookies Going in getting some BS

Starting point is 01:00:44 Asomnia cookies Striking Real singles beverages So you are trying to get back out there I see I'm sorry Singles beverages It's a liquor store Oh

Starting point is 01:00:52 For singles? No, Siegles Seagles What are you going to say? No Asomnia cookies I sent my dad Some cookies

Starting point is 01:01:03 For Father's Day You can't afford it You have two different gym memberships Why? One for cruising, one for working out That's funny No, I Gold's gym, ladies and gentlemen

Starting point is 01:01:16 That's what they're known for Really? Guess I'll have to get a third I don't know, my video editor Used to go to the one downtown He said men were always trying to Get a little glucky, glucky I just need to go into the LA Fitness

Starting point is 01:01:30 And cancel that one I just haven't Do it So many easy things that you're able to do just even save a little bit That would at least allow you to like it's not what I want you to do But at least you'd be able to spend that money on something more beneficial to you more fun Like I would rather put it towards debt and budget but even still Just you'd be able to

Starting point is 01:01:55 You've had three late fees on this card alone this year so far I was in the yes really Buddy what the fuck You're right. Three out of six isn't technically a majority, but it is half. What the fuck are we doing, buddy? You can't be trusted to make payments on your own without automatics? You can't? You can't.

Starting point is 01:02:31 You're not disciplined. You're immature financially. You're spending so much on bullshit. Late free fees accruing like mad. Interests like crazy at a 27.24% interest rate. You can't pull out your phone for free. me. You have two phones. Yeah, one's a work phone.

Starting point is 01:02:52 Are there subscriptions on that? No, I don't pay for that. That's work issued and all that. Do you have Botox? Yeah, you should get it. I'm considering it, but I don't really move my upper forehead. That's why I don't have any lines. You also have hair. Yeah, but I could change my hairstyle at some point.

Starting point is 01:03:09 That being said, I do have a little this and little this. But I notice your forehead is not moving. You got Apple one. Cheshiba, but that is expiring. Chord butter, easy songwriting. I don't know. It is expired. I sign up dumb shit all the time.

Starting point is 01:03:27 Snapchat Plus. Is that still active? It's expiring, but the fact that you actually did it. And of course, you have this one here. And then Roomster X, Wokitokit. Yeah, you get so much balance premium. I room it. Are those one active?

Starting point is 01:03:44 No, these ones are canceled. But just see what you've had. LinkedIn, Max, Disney Plus, Grindr, Apple, Canva, Hulu. You were trying to get back out there, at least in September. What happened, buddy? Why'd you stop trying to get back out there? Well, there's a difference between getting out there and looking for a relationship and looking for a good time. So as many of you know, I've been a big supporter of course careers for a long time.

Starting point is 01:04:13 I'm not just a partner. I actually own stock and I'm an investor. So why did I partner with course careers? because I truly believe in what they're doing. A lot of people have questions about online certifications versus traditional college degrees. Let me be clear, I wouldn't put my name behind something unless I knew it worked. The thing is, not everyone has the time or resources to spend four years in college or take on massive student loan debt. Horse Careers offers a practical, affordable way to launch a career in a high-demand field like tech sales, IT, and accounting,

Starting point is 01:04:43 where companies are hiring based on the skills needed, not broad college degrees. In fact, right now, one in three companies are dropping degree requirements, and that number is only going to continue to grow. I know some people think online programs are a quick fix, but that's not the case here. Course careers takes effort and commitment, but they provide you with a streamlined, proven path. They offer up-to-date self-paced courses, one-on-one or group coaching from people that work in the industry, and most importantly, they help you actually get hired. Just look at graduates like Nemeso, who went from driving FedEx trucks to a cybersecurity job at Disney, That didn't happen by chance.

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Starting point is 01:05:50 And when you're ready, use the link in the description for $50 off the full course. Your future starts right now and course careers is here to help you shape it. Okay, I have a Amex, but I don't have a statement for it. That's not mine. I was an authorized user on my ex's account. Oh, the 50-year-old? I didn't realize I was on my credit report. I had no idea I was an authorized user.

Starting point is 01:06:13 When did you become an authorized user? How old were you? A couple years ago. Couple years ago. Okay, if you're a 21 little immature, I can understand that. Why does it matter? I'll call and get it removed.

Starting point is 01:06:22 Why does it matter? Because you got on a couple years ago. You should have known better at 27. As an authorized user, you didn't always look up what it would be because you can look anything up. You had a chat GPT subscription. I know you're able to do a little bit of vetting.

Starting point is 01:06:36 How does this affect my credit? I don't know. I mean, you don't want to be informed on the decisions you do? Yeah, if he doesn't fuck it up, I see a balance of $9.79. But if he's not, I mean, well, that's not good.

Starting point is 01:06:48 Yeah, I'll dispute that. This is making dispute it. No, you're an authorized user. No, I can remove it. Yeah, and you need to. All right, then I'll do that. But you have... I didn't know who's there.

Starting point is 01:06:59 You sent it to me. Okay, but how many pages was that credit report? 60? You don't look at things? No. But these are under your account section. I don't generally don't look at my credit report. You know why?

Starting point is 01:07:12 Why? Because there's never any late payments reported. to it. That's all you care about? If I'm not, if I don't have negative credit history, then why would I be so

Starting point is 01:07:21 hyper fixated about my credit report? Not being hyper fixated, but you've had this for a couple years. You've never looked at your accounts once. Also, I have no desire to open more credit. So why am I, like, that's the same thing.

Starting point is 01:07:33 Thank you. I appreciate that. So why would I look at my credit report? I'm just saying, listen, you sent this to me, you were authorized, you were an authorized user on his account

Starting point is 01:07:43 and you did not know what the impact of that was? Well, I didn't know that I was on there at all. That being said, though, buddy. Like, if you do care at all, this being removed, will be in an account removed from your credit. So it might slightly hurt your credit if this has been managed correctly. But it is also risky to have someone else.

Starting point is 01:08:04 So I'd still rather you get it removed. But it is going to potentially lower the age of your credit, which will kind of suck for your credit score. It'll bounce back eventually. I mean. Eventually. But this is just something to be informed about. I'm not going to add that into your debt situation. I would definitely get on the website for sure, though.

Starting point is 01:08:23 I'll take care of it. Huh? I'll take care of it. Okay. TD. Car through TD? Okay. I love that the one account that wasn't passed through

Starting point is 01:08:37 with someone else's account, but we're past through the car. You better believe it. You better believe it. Jeez. What is the car, dude? I'm sorry? What is the car?

Starting point is 01:08:48 Oh. I drive a Ford Bronco. $32,44. $23. The minimum payment of $7.90, but of course we owe $15.80 because we're behind. What the fuck are we doing, man? What does the interest rate on this?

Starting point is 01:09:02 It's probably like, I think seven? Okay, that's not great. No. It's not like I'm going to vomit, but it's definitely not great. Take that. I mean, that's barely competing with the market, throwing the money in the market. But taking depreciation, you're definitely losing on this.

Starting point is 01:09:15 It's worth a few hundred bucks less private sale, not trade in private sale, then you owe on it. So it's not great. It would be hard to get out of. But honestly, one thing I would consider doing it, if we really care about paying off our debt, one thing I'd consider doing is selling this private sale, getting a $10,000 a car and getting a $10,000 loan on that.

Starting point is 01:09:33 Getting that car, don't trust me. I know the first thing you're going to say is, oh, it's going to be a beat or it's going to be shit. No, I was literally, you take it. You get it approved by multiple mechanics before you purchase it, that you're not going to have to pump a lot of money through and it's going to be safe for a few years. that would be a quick way to, one, eliminate the

Starting point is 01:09:51 chunkiest debt so far for sure, except for the mortgage, obviously. But that would, and also just our minimum monthly payment would be lower. And that allows us to throw more money at the other debt. The fact is, you can afford this. This is relatively fine if all that other stuff didn't exist. Because that all this stuff exists and you can't just sell a credit card to pay off a credit card, you need to sell this car and throw everything we can at the other day. And then you can get even a nicer car, honestly, if you want to after that.

Starting point is 01:10:20 But it's the sacrifices now for a better future. I'm open to it. You're actually open to that. No, yeah. I appreciate that. I hate this car. Like, I love my car, but like, I used to have a, like, a Ford Ranger that had a zero percent interest rate. I loved it.

Starting point is 01:10:40 What happened? I totaled it. Okay. And you have gap? I didn't have GAAP, but I had a lot of equity. Yeah. And I'm up around with that. But that's a whole different story.

Starting point is 01:10:55 But I mean, this car I kind of was bought out of necessity and just had to take what I got as far as interest goes. I mean. And you didn't use the equity from that last car. Where to go? Credit cards. Which, we know how that works. Again, this is the same thing with putting your tax refund on it. Same with putting the equity on it.

Starting point is 01:11:17 Same with bankruptcy. Same with credit card consolidates. someone like you that is incapable of changing their behavior yet, and I hope you do, but someone who has not shown any indication to be able to change the behavior because you spent more than your higher income month because of the tax return and you're late on fucking everything, you can't do any of those shortcuts. You shouldn't have put your tax return to that yet. I would have just put that on account and let us sit until you fixed your behavior and then throw your tax return towards it. Because if you do not change your behavior, you're going to end up like everyone that's been on the show after bankruptcy or consolidation.

Starting point is 01:11:48 You're going to be right back in that position. And guess what? You did. You did the tax return out and then he spent $2,500 more than you even put towards the card. This is what happens. You use the equity from that car. You used the tax return. You used bankruptcy.

Starting point is 01:11:59 Whatever you do, it just immediately f***ed because you did not change behavior. Why would we pass due on a car? A car that's not even completely fifted honestly. Why? I miss the payment. This is every account besides your ex's account. It's been late this year at some point. Like, what are we doing?

Starting point is 01:12:28 This doesn't make sense. You have such a privileged position. You're throwing it away. How long have you been making this good of an income? Two, three years. I'm sure part of it was lifestyle inflation, but you're too far in. You're too far in, buddy. You are 29.

Starting point is 01:12:47 There's no excuse for immaturity. You should be learning how to budget. I don't fucking understand it. Of course, we're going to get you set up with the premium version of our budgeting app. We're going to put you in our servers Dollar Wise Central where you get all of our classes as well. We should teach you how to budget, invest, get real estate, which at least you did that first part. But in our class, we would have taught you not to do what you didn't, and you wouldn't be in a position. You go through all the classes because you should be budgeting a $29.

Starting point is 01:13:15 I'm a concern that you don't. That you haven't even attempted. It's scary. Student loans. Chunky, how many student loans? 20 grand. And your payment on your student loans? Like 150 maybe.

Starting point is 01:13:31 Okay. It's a bit lower than I'd think. Why? I mean, it's the cheapest debt I have, so I figure why rush to pay it off. Is that the standard 10-year payment, though? I don't know. I think I did stretch out the payments.

Starting point is 01:13:46 Why, though? Why would you do that? Because you're just going to be paying more in interest. I would just do the standard 10. Well, the interest is... nominal and it comes out in the taxes. I can kind of vibe with that relatively. Comes out on the taxes.

Starting point is 01:14:02 At your income? At your income? I mean, the last tax return, I believe. Did you push for it? I was deducted. It was deducted, I believe. I think there's... You're like at that threshold.

Starting point is 01:14:14 I mean, you make as much as you say. It might have been... I mean, you have my bank statement. No, the total. The total yearly. Yeah. I mean, it might have been a timing thing. like, but I don't know.

Starting point is 01:14:26 I'm seeing student loans 17,03 and 43. I'd guess it would have been closer to about 2.250 in the 10 year. I mean, I'm okay. Student loans a little more on the back burner in general interest wise. It makes sense, but I would at least just do the 10 year payment. Just get it taken care of because 10 years is still a long time and we don't want to have debt over our head. It makes it harder for us to do so many things in life. It's risk.

Starting point is 01:14:50 Yeah. Though it is one of the least risky debts because there's a lot more. a flexibility when it comes to losing a job or something. Why are you even here? Why are you on the show? In your perspective, what are you trying to do? So,

Starting point is 01:15:02 um, my best friend, um, told me that I had to be on the show. She was... Really? Yeah. I mean, we talk every day.

Starting point is 01:15:11 I don't know, because she, I guess she's a big fan of yours. I just found out about you about like a week ago. But she looked at you and she's like, go on the show. Why? I mean...

Starting point is 01:15:20 From your conversations with her, other than just being a fan. She looked at you and determined, yeah. Yeah, you gotta go over there. Well, she's got the best in mind for me. I mean, she's the one who told me to buy out my ex of the house. Just like, she, she, she, I take a lot of advice from her.

Starting point is 01:15:34 Okay. Not loving your AT&T or T Mobile Bill. Yeah, we've been hearing that a lot. Good news. Bring your AT&T or T Mobile Bill to Verizon and we'll give you a better deal. So get away from that unfortunate phone bill and get to Verizon. Run, ride, canoe. Whatever it takes, we'll be here.

Starting point is 01:15:51 Bring your AT&T or T Mobile Bill to a Verizon store today and we'll give you. you a better deal on the best network. A better deal. No surprises. That's Verizon. Best network based on root metrics, best overall mobile network performance U.S. second half 2025. All rights reserved. It must provide a recent consumer mobile bill in the name of the person who gave me the deal. Additional terms, conditions, and restrictions apply. Do you think the ex want to get bought out of the house? No, he didn't. He was a, he was a, he was a, did it make sense at the time? Because I would agree in general to get him out, but you had to take out some weird debts to get there. It was definitely not traditional.

Starting point is 01:16:21 He didn't want it because he was like, well, you know, know, he didn't want me to have the house because he's like, well, what do I get out of this relationship? Well, the equity that you put in, you had in the house, that's giving you money. So, but, um, so he's just being petty. Um, but, but. Bad breakup? Yeah. I mean, yeah. What, what breakup is good? I have a good breakup last year. I must be nice. It was nice. Oh, I mean, it's not nice to to break up, but it was mutual. I guess the gays don't break up very well. Okay.

Starting point is 01:16:53 Drama. Sure. But I'm sure he's found a nice new twink now, right? Yeah, he's imported one. They're legally somebody else's problem. See? They're married very quickly. Anyhow, the...

Starting point is 01:17:07 Gay men have the lowest divorce rate. I wish him well. Do you? What does your friend tell you quite often? You guys have these conversations around money. She's basically like... Best she's not as good as I am. She's basically like a female version of you.

Starting point is 01:17:29 It's a little bit toned down. Little toned down. I was going to say, because I'm a... Yeah. She's a little bit more nice. Yeah. Most are. I accept that.

Starting point is 01:17:43 But what does she say you should do here? I mean, budget. Okay. That's it? Has she done the deep dive? I mean, she... Everything I sent to y'all, I sent to her. And?

Starting point is 01:17:56 And she's like, well, yeah, this is a disaster. Is it embarrassing? It is. Listen, 277,000 is your mortgage, but your total debt piles, $415,000. She's like, you have almost half a million dollars in debt. Yeah, but half of it's, your mortgage is chunky, but it's really only half still. Right. Like, that's crazy.

Starting point is 01:18:21 You're a checking account. I mean, this is, I mean, 2000, I'm at least glad that's been there. The only automatic payment, it wouldn't, well, it would technically be able to afford every minimum monthly payment if you put them on automatics. Not at the same time. But if any of them were to have, I guess, you're a mortgage by $1 in one cent, in four cents. I guess maybe my thing with the minimum payments is like, I don't make minimum payments. I'm always making more than that. That is not what we, come on, buddy.

Starting point is 01:18:51 That is not what was seen in these statements. Well, no, I'm spending more. Yes, on some of the credit cards, you put more than your minimum fee payment, but then you spent more than you put on it. Correct. But that's what I'm saying is my bank account. My bank account is empty at that point. Or like, if we are doing something and it's never working out, what do we do?

Starting point is 01:19:10 Yeah, try something different. And why aren't you then? Why haven't you sat down and tried to figure out what the fuck? I get overwhelmed. because it's working legal though you're working overwhelming I'm really good at solving other people's problems

Starting point is 01:19:27 and then when it comes to your own you just freak out yeah go to therapy then I don't know maybe I should you don't no cash app Zellin money out $25

Starting point is 01:19:43 Zellin money out $62 Zellin money out $30 Sniffies you paid for sniffies and we at Hammer Media here know what sniffies is. We love to joke about Sniffies. It is like the craziest. If you

Starting point is 01:20:04 go to that website, it is the craziest thing you see. We had a Gooner that worked here once. Pure Gooner. Love him to death. He just showed us around Sniffies. Let me tell you that thing. It is a, it is, you open that website, it is a map full of shlongs that are hanging

Starting point is 01:20:20 and flopping around, booty holes and you just pick which one you want and you go there. It's like a buffet. It's a buffet. And there's like, there's like location. or it's like, go to this bathroom and you can come. It's crazy. And you're paying for it?

Starting point is 01:20:36 I didn't even know it was a pay for. Well, I do so that I can hide from people. Like, you can go, you can like go in hidden mode. If I'm messaging somebody, I don't want to see a bunch of messages from everybody else. Dude, this is like a fast track to an STD. Sniffies, you're showing up to a picture of a slong and you're like, that's the one I'm choosing today. Prep and doxy. You're using, yeah, but that, what's the other one?

Starting point is 01:21:03 Doxy. I don't know what that. I know PrEP does HIV. What's the other one? Doxy is, it's like a post-interaction, so it'll prevent syphilis, chlamydia, and gonorrhea. Does that, is that, is it in the antibiotic world? Yeah. You take two pills?

Starting point is 01:21:18 That can't be great, though, right? Always hitting yourself with that? That's going to make you resist. I mean, I'm not f-ing around as much as you think I am. Well, you're paying for sniffies, sniffies. It is the craziest platform. Well, you've seen. like to acquire subscription.

Starting point is 01:21:30 So that was an unnatural progression. So you're just going San Diego work trip, doing some understalls, doing some fucking hole, glory holes. No, I'm a little more classy than that. Really?

Starting point is 01:21:41 Isn't that? That's all I saw on that app when he was showing us. So I mean, an app, it's like a website, because the app store won't even allow it, right?

Starting point is 01:21:48 I think they just banned it, yeah. Because it's insane. It's a, it's a hive. You know what they say? Different strokes for different folks. Yeah, but this entire app It's just pictures of people stroking.

Starting point is 01:22:03 There are literal, guys, if you're, if you want trauma, go to that website and you will see. We call it trauma. I call it an opportunity. You will see, you will see, you will see, you will see in progress on that app. Yeah. You will see someone that just post a picture of their hole and they're like, come through. And there's like, oh my gosh. It was one of the craziest experiences ever.

Starting point is 01:22:28 And it's hilarious. I'm sorry. You should be sorry to your body, man. That's crazy. That's crazy, man. It's one of the craziest things I've ever witnessed in my life, and you're paying for it. That is wild. It's a good investment.

Starting point is 01:22:43 I never thought I'd see. Is it? It's one of the craziest things I have ever. I never thought I would see it on this show. Wow. Oh, $40 in our savings. It's emergency funds. almost enough to pay for sniffies.

Starting point is 01:23:06 HSA, I'm glad to see a little bit of money in there. Guess it pays for all your post-nut antibiotics. $25,000 in retirement, definitely not even close to where we'd want you to be. We'd want you to be around probably $112,000 right now. Really? Yeah, because by 30, you should be a minimum one times your retirement. Really? Okay. Yeah, one times your income for retirement.

Starting point is 01:23:31 It's the traditional thing. Honestly, those traditionals usually don't even... give you enough. If you want to maintain your lifestyle in retirement, let's get you a budget. Okay, we know what hits your account is $7,583.30

Starting point is 01:23:51 on a monthly basis. Let me get your debts. Wait, I didn't see your other debts that you said you have for this house. The home equity loan? Where is that? I sent it. How much is it?

Starting point is 01:24:04 How much is owed on it? I can pull it up. Okay, I do have it in the spreadsheet. I just don't think I had the document. document, $48,477. What is your minimum monthly payment? It's $500.1.

Starting point is 01:24:18 And the 401K loan? Is that still active? It is, but that's like a $25 payment. It comes out of my paycheck. No, no, no, no. That's not the scary part. If you lose your job, they can call it due. Then they have to pay the whole thing.

Starting point is 01:24:31 It counts as a withdrawal and I have to pay taxes on it. Yeah, and penalties. I mean, let's not lose the job. Well, yes. but recessions happen, law firms close. Yeah. You know? A lot of things happen.

Starting point is 01:24:48 Okay, so again, the home equity is 48,8,87. What's owed on the 401K loan? I think it's on that page, the one that you just tossed. Let me find it. Okay. It's got a pie chart on it. I see the repayment, $74, by the way, not $25. Oh, that's a month.

Starting point is 01:25:09 Okay. I don't see the loan specifically. but it's okay. It's okay. I don't need to put that in your loan thing. Oh, you're in a Target Day index fund. That is good. I am happy to see that.

Starting point is 01:25:20 I don't know what that means. It's essentially applying risk based on what year it is close to retirement. You're saying you want to retire around 2060 is the fund you picked. So right now is going more aggressive. As it approaches 2060, it gets more conservative and like bonds. Now, typically index retirement funds do start moving a little heavily towards bonds quicker than most people would suggest. however for the average person that doesn't want to get in and mess with the retirement and a lot of stuff,

Starting point is 01:25:47 index retirement funds are good. Average person. It's a little too bond heavy, a little too quick, in my opinion, and honestly, a lot of invest CPA's opinions, but it's good for the average person. So I'm okay with that. And that gets you about 65 for retirement, right? Looks like you still owe $3,821. On the 401K. It's chunky.

Starting point is 01:26:11 All right, let me get you a minimum fee payments. That $501 is substantial. A substantial thing we've missed. That's chunky. So not including your mortgage, your debt minimumity payments alone are $1,810.11, which for your income, non-mortgage debt, is already 24% of your income. A quarter is going to minimum monthly payments.

Starting point is 01:26:34 Now, are we shocked that there's late fees? I'm not, unfortunately, at that point. So we know your mortgage is $2,117.14 and $4. utilities, gas, electric, internet, trash, sewer, all that combined, how much on a monthly basis? HOA is 270. That's a chunky HOA? A month? Oh, for what?

Starting point is 01:26:57 It's a neighborhood. It's not even a... I mean, they do all the landscaping and the amenities and it's just... That's expensive landscaping, let me tell you. Welcome to Dallas. I live in a more expensive city. I live in a new development. I'm moving to a new development and still

Starting point is 01:27:14 it's like landscaping is not that I know what it's okay continue electric water trash usually around 200 a month gas I would say

Starting point is 01:27:24 I would put 40 internet 50 phone no no no phone okay so for utilities 560 okay now what's your phone bill 160

Starting point is 01:27:34 chunky chunky you still all on your phone yeah take you should just be buying your phones man and also just it makes it harder to transfer if you ever want to. Zero percent. I know, but it makes it harder to transfer if you want to

Starting point is 01:27:45 or cheaper carrier. Gas, room, room, drive, drive on a monthly basis. 200? 200. 250. 250. Okay. Car insurance. 285. Necessary food, groceries, 300 hours a month. Follow the recipes on a budget friendly cookbook if you need help of meal prep, meal prep, meal prep. And yes, you can put in a little time to meal prep. You'll be fine. And buy your and balk. We can get you $250 a month. I'm giving you an extra 50 for Red Bulls. Bulls, blah, blah, blah.

Starting point is 01:28:18 TP fun, anything else you need. Poppers, all that good stuff. $100 a month. Medical bills. How much do you need? For co-pays, whatever you do out a monthly basis. You have those medications. I mean, I think my HSA contributions can cover that.

Starting point is 01:28:36 Like, I don't have a bunch of medical expense. we have a after the Okay that's fine After everything I would say $2,500 a year for like

Starting point is 01:28:48 Because we have health reimbursement That like lowers the deductible Okay but you don't take it out of your checking account No Okay From your HSA which is getting funneled to your paycheck And we're talking about your net income

Starting point is 01:29:01 So we don't have to worry about that Okay so zero dollars Subscriptions I'll give you 25 You decide whether that goes Do you have any pets? No Are you not alone? I am alone.

Starting point is 01:29:10 You don't feel like lonely? I love it. I guess this is why you go to clubs every second of your life. Okay, so no pet insurance, no pet food, that's okay. Anything else that needs to be in your budget that I have not put in yet? Not that I can... You know, just so you can do your hobby. I'll do subscriptions to $75 a month.

Starting point is 01:29:27 But no more buying new equipment. Understood. What? No more equipment. Yeah, for now. Well, I don't need anymore. Well, trust me. Trust me, buddy.

Starting point is 01:29:40 I'm in that world. to a point. You always want the new thing. I mean, this is pretty simple. If you literally just budget, and I gave you a higher subscription fund than anyone, $5,657.15. Okay, so you don't have the cold turkey.

Starting point is 01:29:59 I'm going to give you $250 in fun. So you choose where that goes. So let's say you need $5,907.15 to survive now. Minus your $7,583.30 that comes in. you have an extra $1,676.15. left. That's minus the student loans. Let's minus the mortgage.

Starting point is 01:30:22 That's minus the 401k. And you have bad debt of $120,794. What do you mean by that? It's your Chase Slate card, American Express, American Airlines, or the American Airlines, American Airlines, Amex Card, Home Equity, Auto Loan. Home equity, you consider bad debt? It's 10%. Okay.

Starting point is 01:30:42 Yeah, it's a bad interest. It's losing to the market, you know? A car loan, is that bad debt as well? Yeah, because it's 7% under depreciating asset. And your mortgage is an asset that is going to go up in value traditionally. And student loans is a lower interest rate. So those I'm not freaking out about. But $120,794 in bad debt.

Starting point is 01:30:59 Honestly, your 401k loan, I'm not putting it in there because it's automatically going from your gross income before your net hits. And we're just basing this off a net income. But that's also not great debt because it is risky debt to have if you ever lose your job. But of the $120,794.11 cents, with your $1,676.15 left over. It takes 72 months to pay off,

Starting point is 01:31:21 which honestly, for how chunky that debt, six years, isn't the worst. But what I would do, my guy, is you're obviously in a career field where your income can keep going up. What I would do, I gave you $250 for fun. I personally wouldn't do that. I would try to pay this off in four and a half years instead,

Starting point is 01:31:36 which is probably where that would get you. As the income goes up, I wouldn't lifestyle and flay anything. I wouldn't be going on trips. I wouldn't be doing anything. I'd take all that money and pay this off. I think you can pay this off in about three and a half years, hard budgeting, you know, 32 years old. That is okay.

Starting point is 01:31:50 That is not the worst. And then you have a long life of a high income in a great situation. A great situation. You got to play some catch up in retirement if you want to maintain your lifestyle that you have now by, you know, 509 and a half or 65. Sure. But you need to get a six-month emergency fund. The fact that you're a homeowner without a six-month emergency fund is scary. So you need to pay off this debt as soon as you can, which is going to be about a three-and-a-half year.

Starting point is 01:32:13 I'd get a one-to-two-month emergency fund. fund before that, maybe two months because you have a mortgage and a lot of your stuff sounds commission base. So maybe a two-month emergency fund. Then we started tackling the debt. Pay it off in about four years by funneling your raises to it. Pay off your smallest debt to your largest debt. Smallest balance to largest balance.

Starting point is 01:32:28 It gets you to fuel there. Don't include the 401K. Don't include the student loans. Don't include the mortgage. Then build the fully funded emergency fund and I'd do after that, I'd do 50% of your income on needs, 25% on fund, 25% on retirement. So you can catch up on your

Starting point is 01:32:44 retirement. Okay. If their retirement ever becomes close to where it's actually caught up, you can convert that to 20% and then do 30% for fun. If you want more percentage-wise to go to fund, you do not take it from your retirement, you take it from your needs. You cut down your life if you want to have more fun. But you never cut down retirement because you need to be able to retire. Who knows what social ticket is going to look like by the time of retirement? Guys, join us in the post show. And don't forget, Hammer Elite, which is the best YouTube membership in the history of this platform, is free for this month right now. All you have to do is and then submit your proof of purchase at hammerelite.com

Starting point is 01:33:16 and we'll reimburse you with a gift card that can be spent anywhere in most countries. Hammer financial score. Spending in a budget, you overspends a zero out of ten. Debt, at least you don't have collections, but you're late on everything. I'll give you a one out of ten to be generous

Starting point is 01:33:29 because there's no collections or IRS there. Retirement, the emergency fund, nothing zero out of ten. Retirement, plus the HSA, I mean, you're definitely behind on retirement for sure with where we want you to be and where you are. Yeah, I'll give you a solid three out of ten real estate yeah no i mean the equity position sucks with the weird loans you've taken

Starting point is 01:33:50 on you took it a 401k loan for it's not great but at least you have a house it's gone up in value it's at a great interest rate it's at a payment you can afford that helps but i'm going to negate some points for the weirdness that you have four out of ten that'll go up once you pay off those other debts pretty easily that'll boost your score it's going to be a hammer financial score of rounds it up just barely to a two out of 10 guys join us for the full show get hammer elite for free i'll see you guys there did you know he pays for a f***in like STD app that is the most homophobic thing i've heard all months at least you got tested so what are you doing you're going to or are we under stalling are we going to the woods i don't do any of that nasty what else is they're on there shut the

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Financial Audit - $400,000+ Of LGBT Debt | Financial Audit

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