Financial Audit - Broke Mom Is Mad I Won't Date Her

Episode Date: February 9, 2024

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I am a paralegal. Are we making the paralegal? Yes. That, okay, that screams a few different things. That's either like way too many hours with way too. little pay or okay um no i work 40 hours and the salary is 50k okay okay so in terms of working in the legal fields you probably want to make more than that eventually i do um i need to finish my bachelors and then i want to apply to law school okay so you haven't even finished your bachelors and this is actually this is pretty good it's pretty good how do you feel living off of 50 in austin um it's not my only source of income so i think so i work at church in Terrytown

Was that too specific? No, I don't think so, but that's up to you. Okay, no, I work at a church in Terrytown. I take her little kids, so just on Sundays. Okay, how much you make for that? For like a couple hours. Like 20 an hour for four hours. Oh, okay.

So like 30 a month, about. Mm-hmm. Yeah, yeah, yeah, yeah, 50,000, so $50,000 plus $320. And how do you feel living off of the 50 plus the $3,000? Plus. So I have rental income. I bought a house when I was 21 in San Antonio and I rented out. And so the mortgage is $1.50. And I charge my tenants, 1900. So passively, I think that's like $700. Yeah. And then plus I guess if you count child support. You get child support too. Yeah. Okay. How much? $3.20 a month. How old is your kid? He is turning to February 17th. Wow. So we have a lot of different streams. Okay. The rent. the property this is interesting we have a handsome with the rents of property but so yeah we have net 700 but or do they cover all utilities and everything okay do you set any aside for future

repairs do you set any aside for future vacancies i have a security deposit so no as you can see about my i think it's the chase business account that was like well i was unemployed for six months last year. And so that's why all this debt kind of accumulated. Yeah, because you have way too many sources of income for what we're about to go through. No, yeah. I just started this this. This audit sounds like, oh my gosh. Someone just came on and they're just doing incredible. But that's like what I went through like all of a sudden, this is like, I have the trauma dump and then you'll understand. You have a what? I have to trauma dump and then you'll understand all the. Oh, all the credit card transactions. That's everyone's favorite thing on the show.

No, literally. I'm going to see the comments are going to be like, trauma dumping. Well, hopefully not. Don't be that. mean you should be setting $117. Aside on a monthly basis for future repairs and future vacancies at the minimum. At the minimum. Wait, you said 117?

117. Notes, I like it. It's rare. So 583 would be your cash flow. Okay. That would be your cash flow on a monthly basis because the rest would be set aside. Okay.

Okay. So, I mean, the trauma dump. I mean, you give us a brief version because we're about to go into a, bunch of debt and stuff. Or maybe we can go a little into the debt. Then we can talk about the story. But give me your scores 0 to 10.

What do you think your score is on a financial scale? As of right now standing with all my debt to income, like, one. Okay. Like, I just started this job in January. That's why now my income is like above. I feel like it's above, like, where I can like pay all my bills and have some leftover. Okay.

So we got a big daddy card right here. Which one? This is Apple. I mean, there's a couple big daddy credit cards. Yeah, there are. We're sitting at $4,020.29. It went up. 3,33.

I thought you're getting your shit together, but it went up. How's your previous balance? Minimuthy payment. And trust me, these fuck up that we're about to go through. Okay, $158. $0.7 on a monthly basis. And this makes no sense. This makes no sense.

If this is going up and this card is a criminal. interest. We have a bunch of other debt that we're trying to pay off. And we're finally in a situation that's good. And we're ready to start attacking different things. What? Yeah. Nothing. Go on.

Well, you're laughing and smiling. Because you're just funny. Okay. I'm just, it's dead. That's not funny to me, but like, okay. I know my personality is a weird. Yeah. No, your personality's funny.

It's charming. Okay. Okay. Popeyes. TikTok shop. You're shopping from TikTok? $7. First of all, say the amount, $7.26, yeah.

Okay, and I wanted a perfume. And it was only $7. So I feel like valid. It was cheap. Go roll around in some grass and flowers. What is this? If there's debt that you can't pay off, if you literally can't pay off debt, I think you smelling extra beyond clean is the least of our concern.

Okay. And trust me, I'm not all, I'm not like, I am not the guy that says, I don't get Starbucks and don't go out to do this kind of stuff. That's not me. But when you're in debt and you can't afford to live and we have misspayments coming up, we have miss payments coming up. If we have mispayments coming up, we're not getting perfume. That's when I'm like, uh, no, don't get Starbucks.

That doesn't make any sense. But I'm not that don't live. I give people 30% of their income. 30% of their net income I say go spend money on fun. So, f*** you, when you go and do this, it doesn't make sense. You're trying to pay off debt. You're missing payments. It doesn't make sense to do it right now.

You cannot afford it. Okay. So don't seven hours. It was just $7. It was. Okay. I know it was just $7. That's $7.

That's $7. I could have gone towards debt. And not only that, but it's the death above thousand cuts. Because, because, again, I went, what, I started with Popeyes. And then I only said a second thing. And we're like, oh, $1,000. Look how many, look how many wines there are. We're about to go through a lot of lines.

I wouldn't be laughing about this. Dutch bros. That's hilarious. Hobby Lobby, comedic. Pete Terry stand. That's a comedy show right there. D. Nata Cantina.

rain on rain on what's raining on what's raining on you you're raining the dollar bills on rain on that was we just my co-worker and i just went out to eat i guess my ex-co worker for the last job and we ended up at fourth street fourth street rain on fourth it's like club oh okay i mean i know six street but yeah it's uh why don't we want to say that on here what it's like the gay district like the fourth street like pride district there all right all right Cool. Well, oh, that's why it's rain on, right? Brain on, yeah. Brain on, force, yeah.

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your account. So go to rocketmoney.com forward slash Caleb or click the link in the description below to start your free trial and unlock premium features. Trust me, this app is a game changer. Right, right, right. Um, cool. And we couldn't afford that. C tickets. Fantastic, $96 that we certainly did not have. Denny's. I feel like we could have better food than that, but we chose to go to Denny's. Old Navy. Did you need what you got from Old Navy? Did you need what you got from Old Navy? I'm trying to think what I got it. See, you don't even know, so no, you did not need it. Austin eyebrows, mm-mm, what we're doing is we're getting a little tremor going,

boop, boop, we're not going. If you look, wait, pause, if you look at my other expenses previous, I was doing it because for the job interviews. But I was 12. Okay, I see, yes, a lot of debt, but at this point I was like. And that's what you said with about the 7. It's 12, 7. All of a sudden, you stack the 12, 7, 12, 7, 12, 7, and repeat every single day of your life.

Where does that end us? That ends us in a missed payment. Because I was laid off for six months. No, no, no, it's because you're prioritizing you're spending on bulls.

Okay. Bulls. And that's the next to discuss that. Okay, let's just say you were laid off for six months and that's the reason why. Okay, you're laid off. Should we be doing this of all things while laid off? So that's the worst excuse you could possibly have.

Oh, I got laid off. So let me go spend all my money. I hate this episode. You hate this episode? Yeah. Okay, go. Why do you hate this episode? Because I'm going to get nothing.

Well, be nice. Honestly, be nice. People come on here. They're in the hot seat. I think everyone thinks they look a little better than when they come on, which is the purpose of this, because I am coming here and you're coming on and you're getting your ass kicked a little. You're getting your ass kicked a little to get a fire under that so that you actually

improve your life and become an adult for the first time in your life, personal finance speaking. So it's a very mature and respectable thing to come on here. And I think it's very brave and very cool. And because I know it's the hot seat and then you're going to be in front of hundreds of thousands of people. And yeah, I mean, be nice.

I mean, there's really no reason not to. Like, I mean, I come in here and I'm like, but we want to hopefully end it on a positive. No, actually, we can, Brandon, if you want to insert the clip here, you were like, we were talking beforehand and I think you actually realize that, unlike a lot of people that think this is just a show, I'm pretty much the same person off cameras.

I am on camera, right? Yeah, he is. Thanks, yours too. What does Rab's stand for? anyway. To me, it's the remarkably advanced vehicle. Really? To me, it's the runway approved vehicle for its amazing style. What about remarkably adaptable vehicle because of its versatile cargo space? Or really admired vehicle? Oh, or really awesome vehicle. It really is the recreational activity vehicle. The stylish 2026 Toyota Rav4 Limited. What's your Rav4?

Yeah. Clip, please. Are you like this on dates? What? very like I want to I just want someone to film him on a date I don't know I want someone to film him on a date oh oh what you're very like not standoffish but direct oh I'm very direct

but like are you like that on a first date maybe I don't know I'm just like I want to just like you know we got a thing to do so I'm just like here's how to do it here's how we do yeah got it yeah so that's fun And yeah, maybe I am like this on dates.

I don't know. Pete Terry Stan. I want to be taking someone there for a date. Lift Ryan. The coffee bar might take them there. Texas thrift store. Palomino's food truck. This just stacks up, dude.

This is just stacking up. More tickets and more tickets. No, no. What are you tickets for? One of them's dispersed. I dispersed because I was originally going to buy the more expensive one, bad choice. For what? Of what? What are we doing?

It was for New Year's. What are New Year's? I went to the who and where. What? I don't know what the fuck is. It was an Instagram page's like New Year's Eve party. Who and where Austin? When'd you get this job?

January 1st. No, no, no. I got hired on December, mid-December. So you weren't collecting a paycheck? And you're like, let's go to a Instagram party. Yes. Especially when we have $68 of interest secured in one month. Wait, pause.

Okay. I do not be looking at the screen. Okay. The only reason what I'm going to say about this is I feel like it, you haven't really asked me about my situation. So I can't really. Well, I said I wanted to go through a debt before we go to the situation. So boom, we went through a debt. Go ahead.

Trauma dump. Here we go. Everyone hold the two-time speed button. I'm kidding. No, I respect and actually want to hear what you want to say. I just know that they're going to yell at me for allowing you to talk. I, no, it's fine. Who's going to? Okay, anyway. So, single mom, so I will say at least once a week.

I'm like, hey, I need a break. I'm not going to cook. So I will go out and eat. So that's that. And then my son goes with his dad once like a week. And I like work two jobs. Oh, I work two jobs. and I go to school right after that

so it's like waking up at 545 going to work, picking up your son then you have to cook, clean, and do schoolwork so when someone's like, hey, like do you want to go out? You don't really go out. I'm getting emotional. I take full advantage. I'm like, yeah, you know, let's go out.

But as of recently, like I... Who says go out? Like friends? Yeah, like friends. I was going to say, make that a date and make the dude pay for it. I've been doing it now. Okay, listen.

Hey, PowerPlay. I'm adding you to my role. No, just kidding. Oh, all right. Well. Okay. No, but seriously when, yeah, so I think that's where I was going to come in and say, like, that's kind of my boundary in, like, regards to, like, hey, like, well, that's when I

put in the application, like, your unique outlook on life where I was, I said, I don't think you should, like, not splurge yourself for, like, trying to pay off debt. I know you said death by a thousand cuts, but I feel like $7 or, like, just take out. Once a week, but what did we just go through? Dude, that was every other day. That's not once a week. There was a period. Yeah, okay.

There's always a period. There's always a unique month. That's how it goes. So let me push back on something here. The eat out every once in a while. Let's just say it's once a week. And then even though obviously clearly, objectively, it was not. It was one than that.

But okay. Let's say just once a week. This is what I say for you being a single mother. Yes. That makes sense. That makes sense from a desire standpoint from a, you honestly deserve it standpoint. I get that.

But thinking about the future for your kid. I know. I don't have a savings. I don't have a 401k. Exactly. That's scary. It sucks and I don't wish it upon anyone. This isn't a I wish so.

This isn't I wish the world was this and this. Who does that help? I can sit on here and be like, oh man, I don't think you deserve this. What are you going to walk away with? You're not going to walk away with any help. In the reality of our economic system, What is important for you to understand is the more and more you do that, the longer you're delaying getting out of debt, the longer you're delaying having a full of fund and emergency fund, which is necessary to have a roof or your kid's head in case another layoff happens. This is the laying new contributing in retirement, which is you're giving up years of compound growth that you need to take advantage of to have a comfortable retirement in our economic system.

and if you do not do that, you'll be putting a pressure on your kid, not that you're intending to, but a moral pressure regardless for them to take care of you because you never saved up enough money to retire. You never saved up enough money to put a down payment on a house. Well, you actually have a house. So that one doesn't apply to you. But you just don't have enough to actually survive and no one is going to let their mom die on the street.

So they're going to put their, we've had people on the show that are taking care of their parents because they were not responsible because they were not responsible because they go out that once a week instead of paying off their debt and getting their together and being a grown adult who does those sacrifices those sacrifices that I wish you did not have to do but you have to do because it is the reality of the world and it is counterproductive to say anything otherwise again a lot of people say oh Caleb you're just me you don't want them to enjoy things no I want you to enjoy I want you to have an incredible life again it would be irresponsible for me to sit on this side of the table and be like

oh man you shouldn't have to do this okay now go on that doesn't do anything the reality is in our economic system you need to retire and if you do not your kid will put their life on hold like many people have on this show to take care of you and you delaying that is irresponsible in our economic system listen and i know where you're coming from like i'm not saying anything that's like going against what you just said no no no i'm not disagreeing um i know where you're coming from because i was raised by a single mom and she died when i was seven So sorry I don't want to cry

I love the fuck I'd be crying I'd be crying and I'm sorry Oh take a moment There's tissues It's okay It's okay I was like I'm not gonna cry I'm dude

I did have a savings I had 12k and that's what lasted me three months of the six that I was laid off Good I'm glad you had that And I did apply for unemployment and they just weren't giving it to me. How long did you have the previous job? Since 2021.

I got laid off from Accenture in March. Through Texas? Yes, it was through Texas. Yeah. And I applied, and then I applied for WIC. I applied for food stamps. And, like, they were, because I have an asset over $150K. I can't do anything.

Like, I can't do affordable housing. They didn't improve me for WIC. I don't know why. And then food stamps, when I called, the lady basically was like, you have too much money and I was, what, at this point, you haven't gone through the finances, but, well, the other ones, but she, like, I had 4,000, but, like, the, I don't know what happened with the house, like, the pipe had burst or something, and she, I was basically trying to tell her,

like, that money is going to be gone by the first, and they still wouldn't approve me for food stamps. So, a lot of these charges, too, like, they are on the credit card. Like, if you see Target, it's probably, like, shipped or something, or, like, just, any random grocery store. Cut what? The bubble? Yes. You zoom in.

I'll cry. I'll see. I will cut the bubble for you. The bubble has been cut. They're hearing about the bubble, but they didn't get to see the bubble. Oh, well. Okay. It's okay.

Well, no, the bubble's okay. But, um, okay. Okay. Well, I'm glad you had money saved up. I think I understand the food stamps thing and I understand the housing thing because it's meant for people who don't have. any money and you did have money. The unemployment thing, though,

I mean, you're paying into that crap. You're paying into the insurance program. I really don't know why you would have been denied. I must be ignorant to something that I'm... Well, no, I went on the website and they were like, oh, like, identity theft. And they always say that stuff. Okay.

Like, I think it's just like a random, like a mass message. So I call and the lady's like, well, there's nothing on my side. And so I still try to log in and it's like just not. But I did see in January that they did give me one payment of like, 452. So the last time I requested was like in June. Okay. Well, I think it's time to make a phone call again. Yeah. Okay. We have a car. What is this car? 2019 Honda, HRB.

Okay. We have the balance 24,000, $28,49. Did I allow you to tell your whole story? Was that your story? I mean, as you go into stuff, like, I'll explain like how I got into that car and not like the previous car. Minimum monthly payment, $458. What is the interest in this thing? 6.99. Not the worst. Yeah, not the best.

Yeah, I mean, it's basically 7%. And then you take in depreciation and, you know. Yeah, I had a Nissan Ultima. It was like 12. It was 14. They knocked it down to 12. I had a Toyota that I traded in. So I think that's why it had went down.

I owed six, but the AC had blew out. And I was already having, like, car problems with my Nissan Ultima. You see, that's not a reason to sell a car. No, no, no. They were, the only quotes I were getting were like 3K. And I was like, well, oh, six, and I got it. I basically only paid, what, a few thousand. So, and that, and then I know Ultima's aren't reliable.

Whoever says they are their liars. They're not reliable. Well, I had a 2013 Ultima, and the transmission died like immediately. No, yeah. So I know Ultimas aren't reliable because my first car was a Toyota. Well, I think it was, there was a year range where the transmissions were funky, if I'm not mistaken. Yeah. What I basically traded it in.

still got nine they gave me nine for the value of the ultima and owed six so then that's why i had just got a honda like that's why i'm into this pretty heavily how much were you making in that last job 22 000 no no no 22 an hour at ascentia does that come out to a year i don't know 45000 i mean wouldn't be upgrading to a car debt that is half your income i know well it's half your income at this point no yeah especially because an ac went out i know you said you have other problems. I don't know what they were. No, I know. The debt. And so I wasn't anticipating.

So I think I was laid off in March. I moved into my new apartment, which I didn't have like a choice of like moving into. I was staying in someone's apartment, South Austin, like unofficial sub lease. And she was in a toxic relationship. She was like, I need that apartment back for my kids and I. And so then I was like, where am my son and I going to live? So I went on like a spree to go look for apartment. And the apartment that I live at now was the only place that was like, we don't do three times of rent.

We do based on your rental history and your credit score. Okay. And so now that's why I have rent of 1674. Like, and then I got laid off like a few months later. And I had increased my card debt. So like I went from 1,200 and rent. Well, this car's too expensive for you. For your income now, it's still too expensive.

I mean, the balance on it is half your income. I tried to refinance, but even at RFCU, I look. It doesn't matter. I mean, refinance for what? And your interest rate is not fantastic, but it's not even close to the worst we've ever seen on the show. I mean, what are you going to get it to where rates are today? Your balance is still going to be your balance

unless you're putting an exorbitant amount down on the refinance. So I'm not sure what that would do, but this is too much for your income situation. And that, again, sucks. People can be like, oh, don't think should be able to get a car. You know, I'm just speaking for the comment section today, apparently. It's not about that. It's just simple math stuff in the reality of our economic system.

Again, that is an expensive minimum monthly payment. That's where things start getting a little dangerous. This card is... Oh, yeah, all the way. This card is like death, like gunned to my head immediately right now. 30% at like, what? 10,000. Why is there $10,000 on this?

Okay, back to the South Austin apartment. I had just moved in, right? So I bought... It's only getting... every customer's order right. It's only a point-of-sale system connected by Spectrum fiber-powered business internet, helping you track hundreds of secure transactions. And it's all backed by 24-7 U.S.-based customer support and local technicians. It's only everything. Get business internet advantage free forever when you get four mobile lines from Spectrum. Visit Spectrum.com

slash free for life to find out how. Restrictions apply. Service is not available in all areas. Make sure not to hit the table. Oh, sorry. picked up in this mic it's okay um what was i saying in the south austin apartment south austin apartment um how that all started i did buy a lot of furniture and my baby was on this yeah and savings and baby stuff because my son was just like he was still like pretty newborn yeah so maybe we didn't get the furniture then right okay and then i didn't have any like all the only thing I had a bed. Like I just got like a dining room table like couch like little stuff. The infant needed to sit at the dining room table. No, no, no, but I got the dining room table because I thought I was

going to live there like longer than I did at that. You got to afford it. You had to put it on 30% credit card. And you knew you had baby expenses. I'm not done explaining what I'm talking about, Caleb. Thank you. Um, so then at this point, the pipe under the house had burst at the house in San Antonio. And my deductible was a lot. And I didn't have that much to like pay the deductible. So of course, credit card swipe. Then the dryer broke, had to buy a new dryer. And then of course the refrigerator went out over there too. So it was just like a bunch of stuff that was happening.

And then my apartments too, like I didn't have a washer. No, I seriously. And I didn't have a washer and dryer. So yeah, then I bought myself a washer and dryer. Yes, yes, it was on the credit card. And like I shouldn't have. But like that was my life on. You rented a washer and dryer for a while.

I didn't know that. I mean, I guess, but that was my lifeline. Like, I mean, the first ones I bought were from Habitat for Humanity. When was this? 2020, I got laid off in 23. What was your job? That was the center. Oh, I was there. Were you laid off during this?

Yeah. No, no, no, no. This was all, like, I had just moved in, bought all this stuff, was still working. So when was this? When was everything that you were just telling me? Everything that you put on this card, when was this? Right, like, before I got laid off. Right before you got laid off.

Yeah. Like I wasn't in there long and then I got laid off. You had 15,000 saved up? No, no, no. Yeah, you said you had 15,000 saved up. Five was from Incontas. So what is, uh, 4,000 hours a month? Base, no, that's literally how much my bills are. My bills are now.

Well, we'll go over it. Now. Yeah, because of the increase. That's how the bills were then? No, no, no. It was like 3,000 a month then. Okay. So you should have been able to stretch it in the next.

extra month. Because you were probably spending few money. I will say, yeah, during that time too, I was. If we make no money,

how are we just swiping on? What's crazy is the minimum monthly payment on this is $1,038. $1,000. $1,000 for somebody who makes $50,000 a year? Well, that, and I was doing minimum payments for like, so,

okay. This is insane. I know it's insane. $258 of interest. At least you're not spending on it. Well, it's because you can't. You probably would,

but the credit limit's $10,000. No, I went. $10,500, $508. Gosh, that's 30% interest rate. $258. Interest. Charging on a monthly basis.

That's insanity. What at $258 times 12? What is that? $3,000 a year. Okay, wait, one, don't take it for, I was just swiping, and that's how I got to the balance. That's not what happened. I was doing the minimum payment and interest on a minimum payment that has a high balance.

Of course it caught up. Like, that's not me swiping for $10,000. worth of stuff. Well, mathematically, in general, if you were actually hitting the minimum monthly payment, technically it would go down little by little by little, because the minimum monthly payment is $1,000. The interest that accrues is $258. You'd make $750 of progress. So no, that's an excuse. I missed, but you're also, no, I miss two payments. When? Like these last two months, because I just got paid at the end of January. We get paid once a month and it's at the end of the month. What was your previous job? Before that.

you were making $22 that you got laid off from that was a center well what was your role I was like customer service okay okay yeah and how many months was it again before we got hired so um from how many months was it between your layoff and a new job we got laid off in March I'm trying to tell Caleb quit interrupting me please I got another job in a law from here in Texas and I will say this is where I messed up I I Why can't you just answer my question? I'm not trying to interrupt you. I just want you to answer.

Okay, then think about it. You're, I mean, instead of telling a story, I'm just asking how many months. You've never seen someone have to do calculus over. Stop. I'm sorry. Well, no, but you're thinking about the total times I was laid off, but there were like little things in between. So I'm trying to calculate like, oh, like when did I work there? When did I do this?

Oh, so you did have other jobs? Yeah, yeah. So I was like, I've been working with a censure. And then in June, that's when the severance pay, like we had severance pay until June. So in June, in order to graduate, and in order to graduate, okay, anyways, I needed to do an internship. So I did, I went to Houston and a favor of like a friend. They knew an attorney and they let me internship there for a month and they paid me like $100 a day. Then from there still didn't find anything for like September, so three months.

Then I started working at this law firm in Texas. I was there for like a month and a half. And then mass layoff across Texas. And then from September, November. I got laid off right before Thanksgiving. Sorry, I forgot that about tapping. I got laid off right before Thanksgiving. And then I just started this job like January 1st, January 2nd.

What kind of jobs have you been applying for during that time? That's a long time. A lot. Like, no, like if you look at my history, a lot, like direct roles, customers. I wasn't doing like retail or fast food for sure. Okay. Why? Because that's where like anyone can get her job.

like literally anyone can get a job today. That's the one industry that literally anyone can get a job today. Again, that's not where I want you to work. I have this conversation with so many people on every episode. That's not where I want you to work. But if like we've ran out of our savings and we're still spending on bull, we can't afford to survive, I think we're taking a paycheck from anywhere because any paycheck is more than $0. So why were you not going out and getting that money?

I mean, the only thing I'm going to give you an excuse is an excuse. and it's because I didn't want to work at a retail or fast-year. And that's a childish choice. Because you have a kid to take care of. Yes, I know. When I was working at, I was about to say, I can't say their name. When I was working at this law firm in Texas, I would 20 was not like even covering my bills. No, I know.

But congratulations. $1 more than $0. No, I know that. I mean, that's not like you're right. And that's why I don't want you to stay there. light up before I accepted this. Sorry, that's not even the paper. Before I accepted this job that I'm currently at,

I had like seven interviews lined up and I canceled all of them because this was like the first job and it was like, oh yeah, we're going to, you know, like you start this day. This is your salary. Yeah, that's great. But until then, I just didn't. You had months and months and months. I know you didn't. I'm just saying you're wrong for that.

Okay. Do you accept that you're wrong for that? Why? No, no, you're just saying yet. That thought, what was that thought? What was that thought? What's going through your head? How, how?

How? How? Any money, $15 an hour for 40 hours a week is congratulations, more money than $0 when we can't afford to live. I'm not saying that's where I want you to live. I'm not saying that's what I want you to do for the rest of your life. I'm not even saying I want you to do that. I'm not even saying that it's going to be enough to survive. But if you have no money and you're not getting unemployment or food stamps or anything, you need money, which requires work, which might be at a job you do not like.

Yeah, you're going to take me off your roster after this episode. Yes? You agree. I agree, Caleb. I don't think you agree. I don't, but we're just going to keep arguing. Why does it matter? I want to hear how you do not agree.

How do you not agree that $1 is better than $0? How? How do you not? Because the reason why I want to understand is because if your maturity level is not there, then what's even the point of the conversation then going forward? forward. From the, let's just say law firm number one, because I can't say the name. Law firm number one to this law firm was like a month and a half.

I had enough savings. I pulled, well, I thought I had enough savings. I pulled out my stocks and I pulled out my acorns and I paid my bills. I tried to pay my rent through that. Oh my gosh. This timeline, no offense. I know. It's kind of iffy.

We need like a back to the future. No, we literally do. We literally do. Because I'm like trying to use my fingers. Like I need an MCU like timeline of where everything is. It makes sense in my head because I see it. Where are we? It makes sense because I'm like looking at it in my head.

Is Thanos here yet? I need him to snap half this table, yeah. Preferably your side. I don't get it. How many months did you not have a job? Six. So why were you not willing in the six months? Because two of them, like I explained earlier, I got severance pay.

Then I had the internship that I did. No, count as a job. I'm counting that as a job. How many months were you not getting paid? So, June, so, so three, four. Because that's when I was using the savings. She said you fully drained it. What happened when you ended it?

No, no, I'm, when I tell you, no, listen, don't crumble it. When I'm telling you, I used the savings, this was in this time period. This period, phase one was credit card, relying on credit card. Does that make sense? And you weren't willing to work instead of using credit cards? I was getting severance paid. Then I did a friendship. And then there was like a hiccup where I should have.

Let's look forward. Okay, anyways, yeah. $6,537 on a Costco card. You purchased a little. Nothing crazy. Like $13. But I wouldn't be purchasing on a card. And I don't even think that's at the credit limit that $115 of interest is accruing on

on a monthly basis. And I don't think it was a purchase. I think it was like a subscription that I need to like remove. I need to cancel. And you should. It was two peacocks who even. uses that service it's like the worst of all of them i watched coherence last night you watched what coherence it's a movie okay okay service finance company oh see this is your hback system yeah that also

part of the thing the AC went out the AC went out that was another big thing the AC went out so then I had to get a loan to pay for it sure you want to be a let why aren't you living in your house I don't like that ear Well, okay It's like it I don't want to because of the passive income Like it has been helping me I don't think you've made a profit on this at all

Helping you You're 10,000 dollars in a debt for this You had to go by the fridge Like you're not doing this correctly You're not setting money aside for future repairs Which would have helped offset this And okay no like I get that But I was using the money that I was getting

That's why on the Chase And I don't know what that's legal On the Chase business card You were saying like personal transactions Because I was using the money that I was getting from rent to like pay stuff. Minim monthly payment is only $158. Yeah, yeah.

What's the interest on this? I sadly don't know. I don't know that interest. 12%. That's death. That's insanity. That's stupid. Well, I write it off.

So on my taxes. Because that's like a house repair. And so was the washer and the dryer and like everything else. Even still. I mean, you could. It's still death because it's on my debt. Not only is a risk. Even if you are, even if it does.

right out from like whatever LLC or whatever you have formed under your house yeah under the house even still 12% like you're probably not meeting beating the market to that anyway even if it's deducting from certain things it's not helping you RBS what the fuck is RBS and why are we late that's my utility no I shouldn't be late oh no that that was from the month where I was no let's Okay, that one, I was, I paid it. That's my utilities. That's when I had pulled my money together from Acorns and Robin Hood. Acorns.

Well, yeah, because it was like pulling. And like, that's like my emergency. Like, I don't even look at that. Like, I don't know how much money is in there until I'm like, oh, shoot, I need some extra cash. And then I go and look in there. That's not, that's paid because I would have already been evicted if that wasn't paid. That's my utilities. That I only brought that document to show like, yeah, my rent 1674, but that's why my.

You're past. due. That's an old bill. How old? What date is it? You have to... Again, I would have rather you... This was last month.

This was last month. Yeah, and I was late. Old ancient history. That... Oh my gosh. Okay. Dug up from the pyramids, this one. If I...

If it wasn't paid, don't say that it's not paid. If it wasn't paid, I would literally be evicted right now. Well, I don't know. It was past due as of a month ago. So you... Yeah, and I paid my rent. Yeah, they sent me that on the forest. Literally, the three-day grace period on the fourth.

Cool, but you weren't paying it. It's paid the money if you were a check, Caleb. I'm glad you have a job now. Me too. If you didn't, I don't. Okay, federal credit union. Oh, yeah, my bank. Oh, they must love you because you owe them.

Oh, for the personal loan. $2,850. That's what this is, is the personal loan? No, it's a visa plan on card. Oh, yeah. That was my zero balance, like, transfer. So when I got to the debt, I was like, I went to 10. I was like, hey, like I need to learn.

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Celebrate Mom with Whole Foods Market. I had to like tackle this. And she suggested, the bank teller suggested the zero balance transfer. And then our plan was, well, yeah, it's zero. I know it's zero percent until July 2025. So I know that. And so our plan was if I just put in three pay, put in three pay. Yeah, but where did you transfer from?

Another debit card, like another kind of card. Yeah, which one? I don't even remember. And you probably built that balance all the way back up. Doing minimum payments. No, that's not how that works. Remember, no, no, no, no, no. You'll still technically make a little bit of progress with minimum monthly payments.

And I'm telling you, okay, well, if it was the Capital One card, I'm telling you, I missed the two minimum payments because it was $6.74 at one point. And so that's what you called. Yeah, and I called and I told them. I was like, hey, like, can you put me in a program, anything? And the only program she could put me in was, well, if you pay $6.74 while you're unemployed and you can't pay anything, like, that's the only program. we can help you with.

Like, they couldn't defer it or anything. So then now on my credit report, it's like, hey, you got too late payments. Yeah, because that makes sense. Hey, money that you owed and signed a contract for. What is this? Is your rent? Oh, wait, wait. I pay $100 on this credit card every week.

Every week? Every week. Look at my statement. Wait, why? But the interest rate on other ones are so much worse. Well, my plan was to tackle it and then transfer more and tackle that. That's weird, man. is that a bad plan?

Well, especially since you're just building the balances back up on the other cards, it's counterproductive. This isn't making sense. I'd rather you just pay off those other debts, chop up every credit card, burn every account you've ever known because you're not a credit card person. Okay. Balance transferring, paying that off as you can while you build up the balance again. Well, no, and not even that, but if this is paid off. Okay, let's just say that. I have an emergency.

Like, right now standing, I don't have a savings, like emergency savings. like emergency savings. So as you're going to hate this, but like this would be my lifeline if I had like a tire expense or like something went out in my car. There's only no, well, it's like you can borrow like $700 on here.

That's not going to give you a big. I mean, no, but like as I'm paying it off, like this will like be my lifeline until I build up a savings. But I get it. But the thing is technically the other card could be as well. Now I know they have higher interest rates. But with the way you're doing this, is you're transferring it from a 30% card,

but then whatever you transfer from the 30% card, you're putting right back on the 30% card anyway. But no, like, I promise you, yeah, you saw those statements, but, like, I haven't been swiping. What is this? What do you mean? We went through the Apple card. We went through the Apple card.

You've been swiping like a... Swipe or no swiping. Oh, that's my rent. That's like the total. Like, I just brought it just to... I don't know. That's your rent? Yeah, that's my rent on a month because of the utility.

That's insane. That's why I'm actually. You're in a place that is beyond way too expensive for your situation. No, I know. That's why I had explained to you in the beginning. You need a home, dude. I don't care if it's in an area you don't like. No, no, that's why I explained to you.

The only reason why I got into this was because the woman was like, hey, I need that apartment for my kids and I. Boom. I'm going like, I need to find a place to live. This is the only place that's not three times the income when I wasn't making dirt. And that's your support system. What do you mean? My support system.

Family? Anything? Like I have family. but not like... Could you have moved in temporarily with someone? I was for a while, my aunt, and that was just like a very toxic, like...

Okay, so two places you've lived have been toxic when they've been with other people. Who was with other... Who was the other person? You said you had a roommate at once and they had a toxic thing. Unless was that the aunt? Is that the same person we're talking about earlier?

I never brought up a roommate. Did I? Yes. Didn't she? Oh, I had... No. I had roommates in San Antonio. You said there was a roommate with a toxic relationship.

No, oh no, that was the lady that I was living in her apartment under her name, the unofficial sublies. She was in the toxic relationship. She was like, hey, I need to move my kids. So far, the two people you've lived with both have been toxic. Yeah. Just statistically that concerns me. No, no, no, not like, no, like she was in a toxic relationship.

She needed to move back into the apartment with her kids and herself. Does this include internet? Yes. Okay. No, one, and they lied. They were like, oh, it's included in, but they let it's in addition to the rent. Like there's just, and then all those hidden fees. That's why I brought the utility bill.

Gosh. Because if you really look, I use like... 43 minutes in and still going through the debt. Save me. Yeah. Loan Depot. That's my mortgage. Which I think you should live in because it's only $1,250 a month, which is actually

affordable for you. And then interest rate is 2.375. It's insanely incredible. And we have a balance of... 140? Yeah, man. I don't know. This thing's like a...

Life line. You have your rent locked in if you lived here. Wait, repeat that, please. I'm sorry. You have your living expense locked in if you just lived here. Instead of this $2,000 a month chaos that you can not afford. This gives you a $750 wiggle room. And even if you're bringing an extra $538, you're still lost net, $250.

Yeah. And I know it's simple from where you're sitting to be like, oh, like, it's so easy to just up and move with your can. No, no, no. Everything's always easier said than done. It's a 50-minute conversation. It's a 60-minute conversation. Every single thing is going to be more nuanced than it actually is. But even still, in just basic realities, talking about math, you just can't afford your current living situation.

No, pause. But go ahead. Well, the only reason why, well, one, for no reason. I love Austin. Like, I don't want to leave. Cool. Congratulations. You like it.

And you said want. Because want is a want as a want as a want. Okay. And I don't want to. But two. My child's daycare, that's really cheap right now. And it's not, like, I don't get any, like, government assistance or anything. It's only cheap because it's on a sliding scale because I was a student.

And so if I move- And you're saying that does not exist anywhere else in the United States. No, but not as cheap as I'm paying now 150. Dude, if I give them my new updated, like- Won't you have to eventually? Yeah. So I'm like waiting until I get my handcuffs, I'd be like, okay, like, because then it'll like be like $1,200.

So when that happens, that immediately negates that reasoning. Yeah. I don't know. And no, and my job. First of all, and my job security. No, and my job security. Like, I'm not leaving this law firm. Okay.

Because the pay is better in Austin, especially in Westlake than it is in San Antonio. Okay. Especially because, like, I just graduated and all I had was the internship. But this is what you want to do? Yes, yeah. Well, obviously, I want to go to law school. So, yeah, I'm doing like, I'm in the field I want to be in. Okay.

Man, how are you going to pay for law school? I don't know. I don't have any student debt. Like, all throughout my, like, college life. Well, all throughout my college life, I found programs that, like, help single moms in regards to, like, paying for school. So, like, I don't have any student debt yet. And we're still going to make you a budget. And you're going to go through the

extensive budgeting program that we have that every guest gets for free. So take that truly. It's saved thousands of people's lives, which is awesome. And I kind of wrote out all my bills and like what a if I, and then the minimum payments that I have and then. Okay, well, we'll go through it.

Yeah. But that'll give you, when you go through the program, it'll give you a true detailed thing and a spreadsheet and all the good stuff and a debt payoff plan. Okay, so yes, the mortgage is good. said you have a personal loan somewhere yeah that was the it's in the a plus account

it's in the federal credit statement it should say when I read through it said maybe then print off the other page it says page one of this is one there's three oh it's at the end of you checking okay well we haven't gotten through there yet

oh okay yeah 522 credit score yeah not good Spotify we can listen to ads while we're trying to get a debt Disney plus there's nothing good there anyway. Polio Rico, Poke House, Dairy Queen. Shocker.

This is definitely not just once a week. Wait, no, pause. Lots of pauses. 45 minutes in, go ahead. One of my friends sends me money, and I can't say, like, I'll just say friend. One of my friends sends me money

and, like, you're not seeing that deposit go in. Like, that's why they're, oh, yeah. Go eat. You and your son, go get something to eat. And they're like, here's 20 bucks. Why? Because I'm open about my finances. Cool.

I'd throw it towards your debt. And then that's when I, So that maybe your kid has college paid for in the future. That'd be cool. Or maybe so your kid has a mom that's able to retire. That's what I do. I said yes, Caleb. I feel like that's a deflection.

I feel like you don't agree. You're just like move on is what you're saying. Yeah, let's move on. Yeah, let's move on. So like. Okay. If you want to be on financial, audit. Applying the description below.

Oh, trust me. Just be open to changing things and you won't be. I am open to changing things. Yeah. But if someone's like, hey, here's $20 to eat, I'm like, okay, yeah, like, thanks. Okay, now here's a 13%. Yeah, yeah. Almost 13.5% interest rate of death on a personal loan. What's the balance on this thing?

1,275. No, no, no. 12,000? It wouldn't be 12,000. Yeah. It's 12,000? What is this for? What is this for?

What is this for? What is this for? So remember when I told you, I went into A-plus for, you asked about the Elon card, and she gave me the credit card for the zero, like the transfer. And like, yeah. It, excuse me, it took a while to come in. And I was, like, honestly, like, panicked and paranoid. So I went in and I just got a little consolidation.

What are you? I was trying to fight that. Obviously, did I accomplish? No. Did I do it well? No. You were too relaxed about the direness of the situation. Well, because I've been living with this.

Like, I know what my situation is. That's obviously why I signed up. You've done nothing and you're spending habits and anything. Knowing your situation, but you've done nothing. Well, not nothing. This is like the first month that I have, the income that I have. So that's why I wrote down. on like my little plan.

Yeah. So this is the first month you have the income that you have. We're probably not spending it all on stupid spending. We're probably putting it all towards debt. That's what we're probably doing. That's probably what we do. Your facial expression is funny. Hmm?

I said your facial expression is funny. That's how I was laughing. $322. Monthly basis. Or, yeah, monthly basis and seven cents. So we know monthly payments are insanity. Insanity, insanity. What's the daycare situation?

What time can he be, dropped off. He? Yeah, he. Um, 7.30 to 5.30. Has to be picked up at 5.30? Has to. Or I do late fees. Well, how much is the late fee? I don't know. Wait, how late can he stay with fees? I don't even, I haven't asked, but at 5. 29. They're like, where are you? So I think, yeah, I don't think there's an evening care program. $1,027 and our chase checking. Oh my gosh, it went down from what was that? $4,690. Paid rent. Canva. Shipped. dot com boom gars and tortilla yeah this is not a once-a-week thing across all these accounts dude you're going out here spending some money we're doing something stupid and i'm on a on a the

daily basis and then yeah here's a acorns we took it out down to three dollars took out one three hundred thirty seven dollars what kind of acorns account was this in by the way what do mean what kind of account was it an acorns later was it a acorns traditional it was like the one that like they take out like and they invest like your change. That could be later or it could be traditional. All I'm saying is there's penalties. Okay.

Well, let me say. I don't know there was two different types of accounts. There's a lot you can do with acorns. And Robin Hood, I don't know, it was 295. Yeah, and it doesn't matter,

but we're in Amazon and Microsoft only. So two single stocks is what our retirement fund is at like $20. Okay. Okay. Going out to eat, $268. $3.6% of spending, because your spending's insane, by the way. Because you bring in a whopping $3,880 a month. I don't think so.

$3,800 was from the 9 to 5. Yeah. Are you not counting the other incomes? In additional, $763, so $4,644. Uh-huh. Okay. Cool. $6,468 went out, which is $2,000.

more. What account is this? This is across everything. Oh, okay. Okay. Only $2,000 more. Wow. That's all. I'm like 2000. I was like that just sounds like rent. Like what else would it be? Everything combined. Your housing is... Can I look at it? I'm like confused. I'm reading it off. I'm reading it off. Okay. Housing is 48%. Grocery 7% going out to eat close to 4%. Subscriptions 1%. Random that is not necessary for life at any.

way whatsoever miscellaneous 7.5% or $547. Yeah, we don't do that when there's $2,000 missing. Transportation 9.6% phone, 2.6%. Unknown shopping, 8.2% a big, big old chunk there. Let's see where that is. That's Target. That's that daycare? And Target is either it shipped or I know the few times when I go to Target, I need to get something for my son or like household necessities like dish so. Some other miscellaneous unknown shopping. Let me see. What is it under? Thank you,

Caleb. Tell me your gas. How much in gas? What does this say? How much in gas? You just want to see what you were pointing at. You asked for it and then I needed something. Okay, your phone.

How is, why are you paying for cricket and mint? No, no, no, I canceled cricket. I switched over to mint. So just meant.

Yeah. How was mint to $121? Because they had that deal where you like, if you, it's like the three months extra for free. For free. you paid three months? For like six months. I paid for like six months or nine. How much is, so, so you don't have to pay anything. No, no, no, not for a while.

Okay, I'm taking that out of your budget then for a second. I'm trying to figure out your gas, which was $104. Oh, I had to drive to Waco to drop off baby to meet halfway with his dad. $10. $10 isn't bad. Oh, okay. Okay. Car insurance, how much? $1.19. $300. Well, actually, you have to take care of a kid. Okay. two-year-old I'm saying $500 for food

$500 for groceries until a paper fine I'm going to do a little more because kid requires kid things $200. How much is the daycare on a monthly basis? Right, as of right now $150. Yeah. So I'm like hoping they don't ask me.

Cancel all subscriptions, they don't matter. Anything medically have to take care of it on a monthly basis, prescriptions, anything? No. Copays, nothing at all? No. Nothing for the cost. kiddo? Okay.

Holy, it's middle monthly debts. That's going to be what's insanity. Rent with utilities included 2009. Plus that $40 platform fee. No, literally. You're minimum monthly debt payments, dude. How much? I don't want anyone to go through bankruptcy, but...

I would never fall for bankruptcy, ever. Okay. Well, it's not even an option. Okay, $3,601, and not a single, well, actually, wait, wait, wait, wait, wait, wait, let me subtract from that $3,6001, your mortgage. Let me subtract your mortgage. Oh, yeah, it's $1, $1, $1,250. Okay, so bad debt, minimum monthly payments, bad debt, $2,351. Also, still insane, by the way, fun fact.

It is. That's why I'm here. back on everything. Okay. And then your total income, 4,644. Why did I get it different when I calculated it?

What did you get? I got like 5,200 a month. Well, we just had what came in. But did you add everything? Like child support, rental income? Well, actually, child support.

That's like plus 320. Well, let me see. Some extra deposits. Okay, so let's do 3,000. Although we have a little more insights. 880 plus 320 child plus 583 cash flow plus a 320 a month. Okay, so we'll do $5,103.

Okay, but are you added, sorry, are you subtracting the what you're taking away from the cash flow and the debt? Well, no, in regards to the, okay. Yes, cash flow is after. the that property insurance or property taxes uh any utilities you have to take care of but you don't uh plus three percent for future vacancies three percent for future repairs gives you five hundred eighty three dollars uh by the way i really well let me write down this first so five thousand one hundred three dollars are you set any money aside for taxes on the no because you don't have any money anywhere no last year i broke even yeah with all the repairs

What was your purchase place of the house? $155. Cash on cash return. I like to see a minimum 12% cash on cash return. You're getting like 4%. So this isn't even like a great performing property. Now maybe it's in an area that's going to boom. I mean, it's a gated community.

Oh, yes. The very dangerous gated community that you're talking about earlier. It's a gated community in, I don't want to say that. Well, on internet. This isn't like South Africa, dude. Well, no. but like there's always like shooting is in high crime there so yeah it is not that great anything else i'm missing from your budget uh no pets no needed to survive minimum because of

where have you gotten yourself which is why bankruptcy is like i don't i really don't want to suggest it because it's like one of the worst mental and just it's it's it's expensive to go through two things but required to survive $6,623 at the minimum what? Nothing. Go on.

I'm listening. I was just unless I am bad in math. I'll say that. Well, you don't know how to calculate cash flow, so that's a part of it. This is, I mean, what? Are you telling me? Well, no, I'm just thinking about... I have your rent, your mortgage, the platform fee,

the car gas, car insurance, all your minimum fee, debt payments, except for the mortgage, you added up separately, $500 for groceries, $200 for your TP fund, and $150 for the daycare. Have all that.

Add that together, $6,623 and $26 on a monthly basis. What do you have? What's your minimum needs to you that you calculated before? Well, when I calculate it with all this income that I'm making and all my bills that I have to pay, I was left with like $800 a month.

I'm so serious. No. Well, no, and I was going to use that to, like tackle the debt. Go through our program because you do not know how to budget. You don't know how to budget for a single second in your life, which is totally okay. The best majority of Americans don't. So go through the program. You got to go through it. This is like basic. This is basic. It's going to vary from here. It's probably a little more expensive. This is like starter level. And you're beyond far off. Okay, okay, thanks, Caleb. You're welcome. Because I don't want you to die in poverty. So you're welcome. I don't want your kid to die in poverty. So you're welcome. I don't want to be one of those episodes. There's like, oh, I don't want to do because you just got a blah blah blah you don't make enough money like I don't know you're working like a thousand extra no you're not I mean you're working on Sundays I work Monday through Friday and Sunday it's the kid

it's the that stinky sticky little thing I want it to go somewhere so you can work in the evenings because you need to bring more money that's the only option if bankruptcy is not on the option for you no then it's literally needing to work more but where does the kid go so that's for you to figure out because like Well, and if I have, I would have to pay anyone to watch him. Yeah. I don't have like support like that where my family is like, oh, I'll watch him. No, no, I know.

And that's what you said earlier. So that's why I'm thinking, okay, maybe a babysitter is an option. Babysitter's like 20 an hour. I'm thinking. I'm thinking. I'm thinking. I'm thinking. You're right.

And I can't do housing because I haven't asked it. Which you should be living in. Yeah, I know. Oh, I can't. The other thing I would want to potentially consider, but I can't in your situation, because you've just shown that you're not responsible with it. It is an overall consolidation of a lot of the credit cards.

No, trust me, I did. One second. Because even if you did, or even if you qualify, which you probably can. I don't. Exactly. But even if you did, you just build your balances up immediately anyway already. No, but trust me, like, what are we doing?

I'm not, like, no, like, I'm, I'm not that far off where I'm like, oh, like, I don't know what's going on and whatnot. I don't think my spending's horrendous. What are you talking about? No. Okay, but you're seeing this, but dude, half of them were like, someone's like, hey, like, go eat. Like, it's okay. Like, go eat with your son.

I know, you know, $20 a week? No, 20 during half of these. Like, they would send me money to go eat. But that's not a necessity. But I'm, but no, but this is. This is where our difference is. My difference is math. No, let me explain.

Mentally, Monday through Friday, getting about 545, working in 9 to 5 to 5, having to come home, pick up your kid, clean. Dude, I get tired at least one day. Yeah, absolutely. It's not. Like, I don't think that's so bad. Like, oh, you should never, because when will I ever catch a break? That's where you lose me, because you're right. Again, this comes back to the I wish, I wish, I wish.

This isn't, unfortunately, we're not just spawned into a. video game where we can do whatever we want and it's just like a dream world it's really not i wish you could do that i wish all this stuff i wish this that didn't exist the reality is here it is and the reality is that you've chosen to go do those things instead of putting the money towards your extra debt the reality is when you're giving extra money when you have a gap with two thousand dollars to make up a thousand dollars to make up you're choosing instead of putting that extra money towards that gap to going out to eat and putting that on a car that you have to pay off where the vast majority of that was put.

Trust me, it's not me saying I don't want you to. It's that like literally for your survival, you can't. And this is screaming it. This is seriously just basic math. I mean, tell me. I just don't know where our numbers are so off. What's a bigger number, 6,623 or 5,1013? Probably the 6,000 one.

Yeah. I added up your and if tell me where I'm wrong here. Tell me. And this is where I was confused. You're adding. You're not. I added the 700.

The full 700 is cash flow. Dude. Are you subtracting? Are you still? Are you also including that though when you're talking about the debt? Yes. You subtracted it from the dead on here because you just, you subtracted it from my income.

No, I included it in your income. I put it in your income. Wait, wait, wait, wait, wait, wait, wait, wait, wait. wait, wait. Did Caleb just mess up? Potentially. Do we get that on camera? I mess up all the time.

It's okay to mess up. All right, I'll see. Let's ask the audience. No, no, no. I did in this situation. I see what I did here. I put the extra 583 towards your income instead of the 1,950, which is what comes in now. Obviously, you take off from the mortgage.

So let's see. Okay. From the 500-101, minus the, 583 that I put towards it. Okay. Plus the 1,950, and then we have to minus the money that you're setting aside for future repairs

and future vacancies. Which is? Well, that's why I have the security deposit. If you're not how, girl, that's not how worse. No, but if they mess it up, okay, I see that and I do need to set more money aside, I understand. But if they, when they move out and there's anything in there that's messed up, they don't get their deposit back. And I have... I know, but that,

oftentimes doesn't cover things. And this is also including future vacancies. And the repairs, the repairs isn't even stuff that they messed up. It's like a broken heater. Like a broken water heater. So this isn't, that's not something you can collect the security security deposit on. So just, just follow me for a second.

I'm subtracting the $1, $17 that you set aside. Okay. Okay. So we can add that. to the, so $1,760.30. Because the extra that we can now add to the $4,520.

Okay. So now our new total income is $6,280. Is that closer to what you had? Wait for income? Yeah, total income. I had like 52. Guys, it's a new year and you need to make your money work for you. You can do exactly what I literally do right now in,

put my money in the best high yield savings account. So far. I get a 4.6% yield on my money and I also took advantage of the bonus of up to $250 when I signed up. You can start 2024 off amazing by doing the same by going to the link in the description below. Okay, well, you're doing it in a weird way where you're like this. Well, I was just doing like you're like subtracting it from the mortgage and stuff like that. Yeah, yeah. I just added everything in that. I included that into your income and then I added a mortgage as its own expense. So even still, even still, were negative $342. So the conversation still hasn't changed dramatically.

Yes, it takes less going out and making some money to be able to break even. But the end thing is still the same. You need to find a way to make more money. And without being able to do any consolidations, without going through any kind of bankruptcy, without being able to do anything with the kid, like, I'm just trying to figure out what you can do. I mean, and I, there are sometimes, like, I pick up extra shifts at the church.

Like, they'll do, like, a sexual ed class. So I worked Friday, Saturday, and Sunday at the church. What's a church sexual ed class? Don't stick it in? I don't know. I didn't attend. I was taking care of the kids. I assume that's as far as it goes.

Yeah, well, basically, I don't know. Which is when zaire. I mean, I pick up extra shifts when I can at the church. Oh, I don't want to recommend this. This feels gross. I'm throwing it out there is what some people have done. I don't like it because it puts in a, kind of a risky situation plus you're leaving your car every once in a while but some people

put their kids in a car seat and do Uber eats in the evenings well I have school in the evenings I have school and I have to do like 12 hours how how how's it getting paid for? Pell Grant okay how much more it's S&HU it's like how much more what do you mean how much more when are you done with your bachelor's I should graduate December of this year so maybe at that point instead of going directly into law school from there because you're just accumulating more and more debt like I'd rather get this taken care of get a fully phone or emergency one then go to law school which you will accumulate debt for but it will be different kinds of debt and it'll be death that's going towards something productive well that and then my lease ends in me so I'm like trying to find

somewhere cheaper you'll need to dramatically downgrade yeah exactly and I can't do housing because I have an asset I know but in Austin like I the people that are that work for me like they have cheaper rent than you one has cheaper rent than you and he has two bedrooms You might not live in your dream area. You might have to commute a bit for work, but you can get it much cheaper place than this. Austin is one of the more expensive cities, but the rental market here is actually taking a massive fit.

So I think you're actually on the rent side. I think I would be, that actually might make a big difference. I think we could get you to about 1,400. Yeah, well, that's why I've been working. And then I think you would actually not only break even, but have like an extra $100, but that's still not going to be make a break. I just need you to make more money.

I just need you to make more money. I just need you to make more money because in the end, this is not a choice. And it's going to take some finangling and figuring out and working with, even if it's just like literal $8 an hour customer service calls for some crap company. And I was looking, but the training interferes with my, it's usually training in the morning, like Monday through Friday, like in the morning. I can't train for a job while I'm at a job. Again, it's going to take finessing, and you might just have to find the perfect job,

which is going to be hard and so much easier said than done. But it might just be something that it's like literally clock in when you can and take the worst sh**le calls and get paid literal federal minimum wage to do it. Yeah. And it sucks, but that is more money in the end and work as much as you can when the kids put the sleep and get less sleep than I would like you to have. But that way we can only make progress on our bills because at this point, I mean, you'll just we've got to stop putting money on the credit cards what you're constantly

doing and no you got to cut the bar to zero I would in fact that extra money that comes in though I get it feels good and it helps you push forward but you're just not pushing forward in life it helps you push forward in like a literal like you're standing you're still standing but financially I mean you're just going backwards because you have a hole on a monthly basis yeah um so from there it's that if you do get any extra money, I'd be throwing it at the debts, man. I'd be thrown at the debts because it gets you to a point where you don't have to accept money

from anyone ever again. You get to be the person that sends other people money at some point. It's so hard right now. You're in such a hard situation. You're incredibly brave. And I'm proud of you as a single mother. I mean, you're grinding. You just need to cut back

on things. You need to make a sacrifice which sounds so much more mean and aggressive than it should be that anyone should go through. But it's because of the reality, the economic structure that we live in, that you need to do it for the sake of your life, for the sake of your kid's life. Because, I mean, their life is more important than yours to you, right?

Yeah. So sacrifice your things that make you feel a little better throughout the week for their future. It's worth it. It is so worth it. And before they even start developing core memories, I want you to be out of this situation so they don't ever see their mom breakdown in tears because of their financial situation.

But you need to start taking care of this now and sacrificing now to get there. So it's going to, you're going to, research is going to have to be done on your end, aggressively on job market opportunities for even like the lowest wage crap at home, answering calls, doing emails, in the evenings.

That's just what it's going to have to be. And you're just going to be with your full-time job, with school that you're choosing to do, and this, you're just going to be aggressively doing it. one thing you could do that I don't like, but when the semester's done, you're so close. But the interest rates and the deaths are so insane that maybe because, I mean, you can pick up the credits at any time, you know, going forward, you know, talk to a counselor there at the school, take a break for a bit and make progress on the debt, then finish up your semester when you can afford to survive. And again, that's not something I want you to do. It's just like literally you can, basic maths, you cannot afford to survive right now.

You're only going further on the whole. So it's a temporary break, you know, for a year, maybe two. Take off as much of the debt as you can. So you're not only breaking even, but you're making progress. And then at that point, go back, finish it. Now, again, will that work with the Pell Grant situation? I'm not sure. So there's things to look into.

There's things to look into. There's a lot of work that has to be done on your end when it comes to research. But there are ways to finangle the process, and we're going to be with you every step of the way. So you ask us any questions, any resources we can connect you to, you'll let us know. You'll be part of the private discord. for all past guests, people have found ways to pay up debts in finagle some systems. You're going to post your wins, post your fails, everything, keep each other held accountable, ask questions.

You're going to be sending out your updates to the audience who are signed up for the newsletter, so we're going to be following your journey along the way. There's exciting things to be done. You just have to put in a lot of sacrifice and a lot of research right now is what's, that's what it comes down to right now, which I wish I, I wish there was a happier end of this episode because I mean you're very nice and you have you have a great heart and I I want you to have a good life so please sacrifice now to get it any final thoughts um no no thoughts all right let's do your hammer financial score if you want your hammer financial score link in

the description below it's free all right spending in a budget I mean you can't afford to survive and you had missed payments so that it's literally like you can't afford to spend any of it so it's zero out of ten you're not spending under budget doesn't make sense your debt no collections no IRS debt but it is aggressively rough with a lot of these debts especially compared to your income having a hard time going over one but i'll give it a two out of ten emergency fund you don't have anything zero out of ten retirement you don't have anything uh real estate now this one's interesting you actually have a real estate score you're renting it out you're doing some funky things that cash flow doesn't work very well and you're going out and renting your own place for more expensive.

So, I mean, that all comes into effect when it comes to score, but I'll give you a four out of ten there. So, Hammer Financial Score, round it up 1.5 out of 10. Make sure to check out all the resources linked in the description below there, what I use or would use in specific situations, including the best budgeting program in the history of the internet. Thanks to all of our Patreon producers for making this episode possible. want to participate in an episode of financial audit and you're able to make it to Austin, Texas, please fill out an application on the survey linked in the description below. You can also send a link to your friends or family who you think might be good to be on the show. If you have

any questions, you can email casting at calopammer.com.