Financial Audit - Caleb Hammer Exposes Boogie2988

Episode Date: December 11, 2023

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What's up? Ladies and gentlemen of YouTube, Bogie 2988, comment on your love was getting through the power of the internet. I'm an old school YouTuber that was like one of the first to the market going back all the way to 2006 is when I started my YouTube channel. Where are you based out of these days? I'm living in Fayville, Arkansas, which is where I've been for 25 years. So it makes like, so you didn't do the standard like, oh, things are starting to work in YouTube. Let's move to L.A. Or I know that was a huge thing a few years.

I was really tempted to. But as I said back at the time, I was L.A. poor, Arkansas rich. Now, that's changed a lot because Northwest Arkansas has the University of Arkansas, go raise your backs. We have the home offices of Walmart. And Walmart did this really smart thing where they told every business, if you want to sell at Walmart, you have to open an office in Northwest Arkansas. So there's like 2,000 offices, small businesses built.

We're the home of Tyson foods. So if you're eating chicken in America, you're probably spending that, sending that money back home to us. And we're the home of J.B. Hunt, one of the largest trucking companies. And because all of those companies are there, including the Razorback games and all of this other stuff, you have the Walmart children, the Children's of Sam Walton spending money on the area. It's become a really expensive area to live in, unfortunately. Yeah. Well, that's the home of all that. but sadly, to be blunt, you're kind of the home of, I think,

whatever YouTuber fears, right? Yeah, yeah. The decline. I think you went from, if I'm not mistaken, millionaire, correct? A technical millionaire. I was close. I was really, really close. At one point I had, and I mean like for two days when I say close,

for two days at about $780,000, $800,000 in crypto, went to bed one night, and it was worth half that when I woke up. What were you in? So here's the biggest regret. I originally invested in Ethereum. And this was based on a few friends becoming Ethereum millionaires. And I had like an initial investment about $200,000. I put it in and then it fell for the first time.

Yeah. Like $200,000 went down to like 80. And I'm like, oh, you know what? I don't really need the money right now. I'm making money. I can live off of that. How much are you making? 10 to $15,000, I think.

A month? Yeah, in a month. Incredible. Yeah. Yeah, it was incredible. I mean, incredible wealth, more than you could ever hope to spend, right? Yeah. And eventually that crypto went up to pass my investment point, got close.

If I held on my Ethereum right now, if I had never needed to dip into it and I had not gambled on stupid alt coins, I probably have about $1.5 million in Ethereum right now. Even still, like, okay, what year was that? What year was that? The initial investment happened in 2009. No, 2000, 2019. Okay. How much did you put into Ethereum? 200,000 and 200,000.

The initial investment was in 2018. Okay. And then the first market crash. 2018. Let's say you put it at the beginning. S&P 500 was worth 271. Now it's worth 458. It would have almost doubled, almost doubled.

If I put in like traditional stocks or traditional. The S&P 500 just following the market. general. Was there not a single person surrounding you? Was there not a single person just in your YouTube circle, in the family circle, who's like, dude, I had the opposite. You're making money. I had the opposite.

I had people telling me, you should invest in crypto. Everybody I knew was investing. Everyone you knew. All of my YouTuber friends, McJogger Nuggets, kid behind a camera, all these people. Look, I've made millions from crypto. I've made millions from crypto. Nobody was telling me that it was too late in the game. Nobody was telling me that I bought crypto, I brought Ethereum at $30 and now you're going to buy it at $2.80.

It wasn't even too late in the game. It's just like crypto doesn't gamble. Yeah. It's just a terrific gamble. I hardly consider it in investment versus like traditional. Okay. Okay. So, I mean, not to make any excuses, but keep in mind, I didn't come from money.

I'm the son of a coal miner. Me either. Right. And so no one in my life was ever trying to teach me what to do with money or how to do it with money. So somebody comes along and they're like, look, I took my annumption. issue million and I turned it into 20 million. You should do that too. That's why I'm excited about this conversation.

Usually on the show, I just meet with random people who are either part of the audience or they're off the street and I just help them through the situations. You're an interesting case here because you follow the case of the professional athlete, the actor, the YouTuber. Boom. Lots of money comes in. We put it here. We put it there.

We spend it. It just goes crazy. Then we end up broke. It's a traditional story. And that's why I'm so excited to have this conversation. is because you just followed, you followed that path. I mean, what would you say your work today in total? Since you guys are so awesome for supporting me,

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Yeah, that's everything. Yeah. My bottom line comes down to if and when I need to sell my house, I'll have a nest egg of probably $300,000 that I can hopefully invest smartly this time and live off of the dividends. I would like to think I wouldn't screw up a second time. I wouldn't like buy crypto a second time. Crypto, but like what next?

Like, would you say you've become educated on personal finance, I at least know not to do that. And I think the other thing. There's a lot more not to do. I think the other thing to do is hire a professional. Yes. Right. Yeah.

Get that financial advisor in your corner. That is like the key. Okay. Well, okay. So I just want to start with the basic things for where we are today. YouTube ad revenue. That's the big boy. That's what's bringing in the primary cash monies right now.

And I showed you my numbers. I made about $44,000 in the last year. Which gives us $3,724 a month on average. But we know. know a lot of that has to do with a huge spike came from this latest documentary right okay the documentary link below mike's awesome and that's that spike absolutely will not be sustainable now have a few other projects i got a great podcast in the works called the the the locale podcast we just made our fifth episode it's profitable i think that's going to be an income bring in i that's easily going to

bring in probably two grand a month i think within the next six months so that's going to be a nice lifeline um my youtube numbers i think you're going to settle at probably three thousand dollars a month But if you look at my finances, if we've gotten into them, to be comfortable, $2,100 mortgage, $800 a month health insurance, utility, bills, I need about $7,000 a month to maintain my existing lifestyle, which I just don't think we can do. Oh, well, trust me, we will get there. Hey, Tron, like, honestly, what's even the point? It's $122 a month.

I never, yeah, I never do anything on there? No, I never promote it. See, okay. To diversify some of the income stream here, we launched a Patreon and we did a budgeting program, but we didn't just do them as cash grabs. We actually thought of them as potential future business avenues. And the way that we did them is we put way more value into them

than what we were charging. Yeah, of course, yeah. And it's actually become a sustainable thing. If you go and read it, it originally said, this is an ad sense forgiveness, Patreon. If you want to give me $5 a month because you use ad blocker, please do. And that was all, I never promoted it, I never push it. I never, for the most part, dedicated fans.

You do have dedicated fans. You've gone from almost 4 million subscribers down to, or almost 5 million subscribers down to going to fall below 4 potentially. Yeah, it probably will. Probably within the butts on this air, honestly. There's a very real chance. With that, like, there are there, there's clearly people that are still very dedicated boogie heads.

And whatever you might call them. I did ask these people for help like a year ago, and the internet publicly. You've asked people for help a lot. No value. I mean, like one time I threw myself on the, I took a huge hit to my health and I was like, I got really scared because these medical bills are starting to pile up. And this one time I came out and I'm like, hey, I really could use some help.

Wasn't there the oops? I just accidentally bought a $100,000 Tesla. Please give me money. That was a bit. Like I never bought a Tesla. I never, yeah. You didn't get a Tesla? No, of course not.

Oh, interesting. I'm driving a Toyota hybrid. Corolla that I bought used for 20K. Yeah, I saw the toy that I was like, did he get rid of his Tesla? Never had one. Never had one. So that's his internet rumor. I mean, so I did, I went with my friend McJuggard nuggets to a Tesla dealership.

He test drove, I test drove, right? He's like, I'm going to buy one. I hope you buy one. Let's look into getting you one. And I got this crazy idea in my head. You know, it's showroom experience, right? I'm like, I'm going to get a Model X with the wing doors. And then I call my friend at the Celebrity Car Museum and Branson, check them out.

And I'm like, how much to kid it out as a modern day DeLorean? It's maybe 10, 15, maybe 20. Let's put the money into it. And I thought I'd have a cool show car, right? Yeah. We're coming right off the back of Ready Player 1. The DeLorean was all the rage again. Back to the future.

Anniversaries just happened. I'm like, this seems like a smart investment while I was in the showroom. And I got home and I put a $25,000 deposit down. And I'm like, crunching the numbers looking. I'll spend $50,000. today on a down payment. Yeah. I'll loan out the other 50.

This is a stupid decision. It would have been aggressively stupid. I'm so glad you didn't do that. Yeah, yeah, yeah. I am so glad you didn't do that. That was one of the scariest things that I thought I heard. But at that point, why not just play the character? Is that...

At that point, just let the internet do what the internet's going to do, right? Yeah. I didn't expect front page of Reddit. That was wild. And to this day, I think it's still fascinating. People think I bought that car. I can't believe you thought I bought that car. I thought you bought that car.

And the worst part about it is, And anybody out there, like, if you want to buy a luxury car, buy a luxury car, I don't, I don't think it's a smart decision. But if you're going to buy a luxury car, don't buy a Tesla. It's what I'm considering getting a Tesla? They're so expensive for repairs. If someone dins that vehicle, it's so, they know it's a luxury car. So they make sure they upcharge you every chance they get. If you want to go the fastest possible speed, there's a feed unlock that.

It can do it. It's just a software governor. they charge you to let it have the ludicrous speed. Like it's, it's one of the worst money things I think you can make. I've routinely made fun. I mean, unless it's like a beater that's getting you from A and B

or just safety measures or room for family, everything beyond that starts becoming a want. That's why. So luxury fuels are okay if they're, you know. That's when I bought. The newest car I've ever owned was this hybrid. Yeah. And I had one previous owner.

And I bought it just before all the prices went crazy. So I got it for 20. 20 cash a long. I wanted to build credits. So I put 12,000 down. I loaned out the rest. You still all on it? I think maybe a thousand or 2,000.

It's in the neighborhood of not very much. Okay. Facebook, 76 bucks comes in a month. Again, what are we doing there? We're just posting some clips and just nothing's happening? Oh, no, this is meta PC. So this is a sponsor that I have. We get 5%.

All right. Yeah, we get 5% of the sales that we make in a month. So some months it's low like this, 76 bucks. On a really good month, it's maybe 300. Okay, cool. Yeah. Let's keep going through the income. Twitch, again, not...

For some reason, I would have thought you were doing better on Twitch. And here's the thing. It's because, number one, I don't stream as often as I like. Why? I get very anxious doing it. Most of the bad things that I ever said, I said on Twitch, right? It's because I have this... Trying to totally break character with you here.

I have this very Andy Kaufman-esque character. Also, that I'm an idiot. And so I will either push the edge, I grew up on Andy Kaufman, Sam Kinnison, Richard Pryor, George Carlin, Andrew Dice Clay. I love shock humor. I listen to shock humor still to this day. But people didn't like it when you did it.

No, and they like it coming from a shock jock or a shock comedian, not the person that some people branded as the Mr. Rogers of YouTube. You can't do that. Bob Sagget did it, but I know Bob Sagitt, right? So why do we do it then? Stupidity. I just, you know. But on top of that,

If you watch one of my live streams, I mention donations, subs, stuff like that, maybe once in a two-hour stream. Because I've never, against the character I play, against the reputation I have, I don't like crowdsourcing.

But you refuse to get a job and you need money to survive. It's less of refusing. It's less of refusing. More than I, I just don't know if I could. I do have good news about that, though. Yeah.

You're not going to have 4 million subscribers for long, so you can get a job now. Sorry, buds. I mean, that's not something I would actually ever say, you know. Merch. People aren't really buying your merch. Yeah. Yeah.

I mean, I don't know. I'd take 20 bucks free a month, you know, for selling the product. I get it as well. But when I start seeing people on this show, especially business people, we're just so scattered in different pots. And Little's coming in, little's coming in here. It's not adding up to much instead of, again, this is what I was going to start bringing up with Twitch.

Like you say, oh, I'm not really on there much. And, you know, things have been consequences. And I'm, uh, consequences from what I've said. And then I'm feeling anxious about it. Then I'm just like, okay, we're done with Twitch. Done with Twitch. Who even gives you? Focus all in what we know can be the revenue builder all time.

Which continues to be YouTube ad. Yes, it does. This is absolutely the biggest number that we have seen here so far. Now, would I be able to, they're not going to be able to see it, but would I be able to see the studio app? Yeah, sure, sure, sure, yeah. I think I showed you a screenshot. Yes, I just, there's a couple things I'm curious about.

Private for my eyes only, not for you. Okay. So what I'm mostly curious about, I want to go lifetime. So, dude, okay, this is what the revenue looks like. YouTube revenue starts, right? Because, you know, obviously, first of all, when YouTube started, I mean, the first three years,

first three years I started on YouTube, there was no partner program. Exactly. Partner problem didn't exist. So we go like, and then just trickle, trickle, trickle, trickle, trickle, trickle, trickle, trickle, trickle, trickle, to where we are today is. Yeah.

Your graph looks like that. That scares me. Yeah, I had like two good years. If you look at the 17-year history, I had like two really good years. You've made $1.3 million. Incredible. In 17 years, which comes out to what per year.

I know, but that's still a incredible amount of money. Well, not a public math guy. Well, did I say 1.3? Yeah. Over 17. 17 was when you started earning or 15 would have been when I started earning. Yeah, 86,000 hours a year. Well, I mean, you're above the median household income.

That's out of disability, which is what I was on when I started the YouTube job. Yeah, absolutely. But this managing money correctly. and not spending a lot of it on prostitution would equate to us having at least a little bit of money now. Well, again, to address that important part of the dock, number one, those numbers are rounded up. Mike admitted that those numbers are rounded up and adjusted.

Secondly, the majority of that money was spent traveling. And I went to the Game Awards. I went to Disney. It was still a huge waste of money. But I think if we're dropping character And I think if we're being genuine here I think it's I started I try to get a travel channel off the ground

And try to do what my friend Jacob the Carpetagger And Adam the Woo do And I thought people would watch me go to Disneyland right I'm a big fat weird guy Trying to do this to the Turns out they did not want to watch me do that So if you contributed Of the 80 whatever that you're making on a monthly basis

20% on a monthly basis Which is like just very basic recommended Contributing to just the standards stock market, 8% return, you know, being a little more conservative there from beginning to end, you know, up, years, down years, all combined 8%. Sure. Over the course of the 15 years, 17,000 hours a year would equate to almost half a million dollars now.

Now, obviously we continue and just let that continue to compound and hopefully throwing more things in there, we could have gotten you to a point where, you know, mid-60s retirement. What scares me now? What scares me now? I'm not going to talk about the age saying, like, whatever. This is financial. Well, man, I'm not making it to mid-60s. Let's just be honest.

Oh, well, that's what I want to talk about. I'm not talking about the, I know a lot of people want to, okay. This is financial audit, not dating audit. So she's going to live longer than you. Sure. You guys might get married, maybe. Sure, probably. What do we do when you're no longer here and you've left nothing to a widow?

Well, my process has always been when I met her without getting into her personal history too much because it's not necessarily the place for it. But when I met her, she was struggling with severe social anxiety. She was struggling with just getting her life together. When I met her, I was talking to my friend Michael Kidd behind a camera and his plan was just be the person you needed

when you were in that position. Because that's who I was when I was her age. When I was 20 years old, just like her, I couldn't function in the world. I played EverQuest in World of Warcraft and built terrible websites and made a barely passable income. What does this have to do with you leaving her anything? Well, hold on.

I'm getting to that. Okay. If I left her destitute, my plan is to still leave her better off than she was. Okay. Well. Like get her out into the world, get her the experience she needs, get her working when she's ready. But if we're responsible with money, you actually leave her a nest egg instead of just, you know, putting life now. I'm just saying right now, that's a conversation her and I have had.

And like, like that's a very real possibility. And she's chosen to stay with me because she's not in it for the money, right? She's in it for the life experience. She's in it for the love. She's in it for the companionship. She's in it to become a better and stronger person. But as a partnership caring about the other partner, you want to, instead of putting now, now with insing gratification, we want to leave something. Well, that's why I'm here.

Yeah. That's why I'm setting down with you today. No, absolutely. I'm hoping you can help me create a financial plan that can move us in that. That's why I don't call it out immediately. So you don't do that. Yeah, yeah, yeah. Okay, so you have a mortgage.

This is your biggest equity position. What do we think the house is worth today? Zillow tells me 480. One of the houses the neighborhood just sold for a little over $5 million, it's the same size. Or sorry, half a million, $500,000. And it's the same size as mine. It's literally across the street and it just sold.

So I think there's a very real chance that I'd need to put maybe $20,000 of work into it. We need new carpets. We need paint, stuff like that. There's a hole in the ceiling and some, you know, Did you almost lose this? Do what? Did you almost lose this house at one point? No, never.

Okay. Yeah. That's always, I will bend over backwards to make sure that mortgage gets paid. Yeah. If I have to sell everything I own, if I have to, and I have, we've made some concessions that I'm not entirely comfortable of sharing because the people involved are private people. Sure. But I did move a roommate in.

He's been helping a little bit here and there. I had a roommate of the last 25 years. He's finally been able to kick in a little bit as well. Well, so we are finding ways to... So there's two roommates. Yeah. Okay. What was the purchase price of this house?

The original purchase price, 275. And then I refinanced in 2018 because of my divorce. So the loan in 2018 became 200,000. So I put more money down because I had money to put down. So I got it down to 207. And we're at 4.3%. What are we going to refinance? You're going to get hit to 8% if you're financed.

Well, the plan would be. be to try to bring the initial monthly payment down. And I really don't want to have to ever do that because we're five years into a 15 years. So we paid so much principal off. Wow, you did 15 year. Yeah. I was making good money at the time.

So why not do 15 years? But now we're from 2018 to now. We're five years into a 15 year. Now, I'm no math wizard. And you are the math wizard. But that means I paid a good amount of principal off, right? I'm earning a very solid amount of equity by staying in that house, right? Well, you definitely pay more interest up front.

But yes, five-year- into 15-year-year-year, you're definitely starting to see more benefit. Right. Absolutely. Well, I love the rate, though. Yeah, right, couldn't get a better rate, right? We would like... With my credit, I could not have gotten a better rate at the time. But...

I mean, the reality of it is, moving out of that house and trying to stay in North West Arkansas near my medical professionals where I need to stay. You have to say that. Yeah, it's a very stupid idea. There is very little in the area. I might be able to get an apartment for $900 a month. I might be able to get an apartment for $900 a month. I might be able to get a duplex for $1,300 a month, but paying $2,100 in, and then having

some of that being brought in by roommates, I'm paying as much to live in this house and build equity as I would be giving it all to a landlord instead. If anything, of course, I don't have the full financial history of like the last few years, but if anything that I know just from just internet, this was the good choice. Oh, yeah, this is a first-year-sad-old-year-fix or 15-year fix. There's different philosophies on that. I personally go 30 year because I just feel like I can just make a better return on investment, putting the rest of the money somewhere else.

But either way, I'm totally okay with this. To limiting risk knowing your position and knowing that the YouTube career can be, you know, a quick, whew, I would have like, okay, we made one point, whatever, 1.3 million and we owed a total of $208,000. I wish we could have just taken care of this and lowered your risk profile over that time. Instead of doing the traveling and stuff like that, or all my money's been going, I pay a little extra. towards us on a monthly basis, but where my money's mostly been going is to into cash flowing properties that then pay for this if YouTube goes away completely. Yeah.

So that's, that's, I wish we were at risk mitigating. Right. But instead of that, we were going into crypto. So nobody ever, nobody ever likes this answer. Okay. Because it's not a good one. And nothing I'm about to say is an excuse. Let's hear it.

But the headspace that I was in in 2018, was not a very good. good one. And so I was not planning for a potential future because I did not feel that I had. Yeah. In 2018, Christmas, I had planned to take my own life. And I made it to that Christmas date, and I decided to postpone it for the dumbest reasons. A Christmas day, I'm sitting there alone. I have my dog in my lap and my roommate's out of town. And I realized my dog's going to be sitting there with my dead body for three days. And I'm like, you know what? I need to wait. And I rescheduled to July 24 2019, which was my birthday. And I thought in that process, I would travel a lot so that my roommate and my dog,

who'd never really bonded, would begin to bond. So if you look at my travel plans, in January, I spent a couple of weekends away. And in February, it became three-day weekends. And then in March, it became four days weekends. And by July, it rolled around. I spent two weeks in California saying goodbye to my friends with the plans of going home to end myself. I'm very glad you didn't, by the way.

Well, I ended up doing some, I do not recommend, right? We don't casually do. I did it under the, I did that with the guidance of a shaman. And my original trip was in 2019. And I realized that I had to stay on the path that I was on. I realized that this was what I, for better or for worse, no matter how hard this was going to be, I had to stay here and do it. Now here I am four years later, doing it. And it's not been great.

It's not been, when I went home and COVID happened. Well, I have a question for you for the future of this conversation and what we're trying to do here. Are you willing to? And I think it might be for like the true first time from just conversations I've watched preparing for this. And then obviously this conversation so far. Sure. We're willing to just let go of the past. The past does not define us.

We are human beings that are on this life, have a life temporary on this planet, that we are growing. and let's look for the future now. Well, we are talking about the past. Like, we're talking about the financial decisions I was making in 2019. No, I know. When it comes to what we uploaded. But if you're asking, if I have personally moved on. Yeah.

Well, are we willing to in this conversation? Like, are we willing to- Sure, unless you ask me why I was making these financial decisions in 2019, I'm going to tell you, I want to tell you. That's fair enough. Right. No, that's fair enough. But when it comes to I uploaded this many YouTube videos then and stuff like that,

like, okay, let's like, what can we do in the future, just make this awesome. Right. So we can make sure. sure you're financially secure. But I effectively, I had a nervous breakdown at the end of 2019, and I don't even think you could put this in your video, but I said something extremely inflammatory. I said that the people who had spent the last year harassing me, getting my sponsors

to stop supporting me, attacking my fans, and attacking me personally. I said that they were worse than... Which is not a thing you can say, right? It's also not true. It's hyperbole. I didn't mean it. But that's, I said this on live stream. You can't take that back once the cat's out of the bag.

You in live streams. Yeah, right, right? Which used to be extremely lucrative. I used to make five grand a month, 10 grand a month from live streaming when I was really good at it and really pushing it. I would live stream for three hours a night, five nights a week, six nights a week, and we'd bring home five, 10K sometimes. I was talking to a very successful streamer a few weeks ago about you and he thinks you can

make like 20K a month. If I can keep my foot out of my mouth and that's something I have so much. So much trouble doing. Even there, I mean, like, people, probably rightfully so. But for whatever reason, I think I'm held to a standard that I don't know that I'm good enough for. I'm going to say. Well, you also react to everything. You feed them.

You feed them. I haven't opened TikTok in like two months. So it's like, yeah, a lot of the things that you want to. A lot of the things you want to talk about have really changed since March in this last year. What happened to March? again, I went into some really intense therapy. I combined it with and the mentorship of a shaman.

Okay. And those three things, if you look at the statistics, modern science is showing, and I can recommend a documentary for anybody who's interested, how to change your mind. It's available on Netflix.

Have the capacity to cure post-traumatic stress disorder, which was my biggest issue, right? It's one of the reasons I was stuck in these negative thought patterns. And so with a combination, of doing intensive twice a week therapy with a traditional therapist while combining that with seeing a shaman and taking the mudd puts your brain into a place of neuroplasticity. And so you can learn finally, right? And then you do that with the therapy and you can learn from the actual therapist.

And this last year I've made such tremendous strikes. Yeah. It's that, right? So whatever works for you, man. I would old boogie a year ago, the egotistical. self-centered, extremely defensive man. You think you're different? Considerably.

Okay. Yeah, considerably. Okay. Here's how I know I'm different. I wouldn't have been here. If you'd invited me to do this in December of last year, I would have laughed at you. Why? Because this is humiliating.

This is difficult. This is hard. I have to swallow a tremendous amount of, sure, it's, it's, how humiliating is it to look at every mistake you've ever made, fronted out, and be called out on your for thousands of people to see. Hundreds of thousands. Hundreds of thousands, right? Please.

I hope. What I try to structure the most episodes is hopefully we end towards a positive note. I hope so. That is where I want to go. Like the future and any. But again, I knew walking down here that this was a hard pill to swallow. It's very brave.

Right. But I'm telling you, pre- never would have even considered doing this. This, okay. So could you tell me with this, please? This is either the car loan or one of the dumbest purchases I've ever. ever made. Well, that's one of the dumbest purchases you've ever made.

This is the car loan. We'll get to the dumb purchase soon. Yeah, the dumb purchase was a dog. Well, I have two dogs. They're great. I spent way too much on a dog. How much? He's a pure bread, miniature poodle.

Sure. Which generally will cost you about $3,000 to $3,500. Okay. I bought him in a pest store, so I paid five. How much money did you have at the time? Oh, about $108,000 in the bank. Oh, that's okay. But again, I was in the mind that I needed to build credit, so I took out of it.

a loan. What the f- is that the personal loan? Yeah, that's the personal loan. Dude, you're killing. That's the old. I mean, that's the loan. That's the, that's the synchering. Yeah, there you go. So I'm going to call this the dog loan. That's the dog loan. So what's remaining on the car? Do you remember? Do you know what's remaining on the car loan? The car? I don't know. We should, we either are the last payment or like the last two or three, I think. Okay, we have to look at take a look into it. And the personal loan has about a thousand, right? Left on it? Something like that. That sounds right, yeah. There is another small loan.

What? There's a third one that you're seeing here. Credit card? No, it's a bed. It's a what? I had to get an adjustable bed for my back and leg issues, and my doctor insisted that I looked into getting one. I looked into getting one, so I took out, like a $500, $600 down,

and then took out like a $2,500. When did you get it? July. Interest rate? 6%. That's correct? What's the monthly payment? I think it's the 112 you're looking at it.

Oh, so that's the secret. Yeah, secret is usually a store finance. Yeah. Okay. Credit card I want to take a look at in a second. Could you pull up your credit card at for me? Sure. I think you've seen it already, but to show you, I only own like $900 on it.

And it's just a utility card for the business. So it gets used and it gets paid off. It gets used and gets paid off. Do you ever hold balances? Over the last couple of months, yes, because it's been thinner than I would have liked. But I've planned to pay it off. this check on the 20th. But it's only,

okay. It just scares me because it's only getting thinner, except for that spike. Yeah. Well, that spike's going to pay off the, yeah, there's the,

okay, the credit card and the balance of like $950 bucks. Yeah, credit line available, $31.12 cents. Yeah. Kill me. Okay.

Again, I am still trying to do some credit core stuff, so I will pay off a little bit. How do you give it to credit card? You already have a house. because eventually I will have to sell that house and I'll have to move somewhere when I do. Why will you have to sell the house? A $2,100 mortgage payment is really hard.

So you're saying you're not going to be able to afford the payment? I don't know. I'm hoping. I'm hoping that I will. But again, I'm always planning for the possibility that I want. Late payment fee, October 31st, late payment fee. $25. Late payments happened.

Yep. Oh, fuck me. October was a very lean month. Oh, and you have a brand new. iPhone. Dude, this phone was free. Really? Yeah, Verizon traded us an iPhone 7 for that. Hmm, very important business purpose. Uh, chick filet. Lucky it was all the way back to August. Dude, you eat. Don't you eat? I eat. People eat. I definitely eat. I eat a lot. No, you don't have to eat out if we can't afford to live with. Dude, I can't cook for, I can't

cook for three people for cheaper than $12. I can't cook for three people for cheaper than $12. Wait a second. Let me get my little handy dandy cut. First of all, that was three people. You did not feed three people on $12. Chickas and which is $5. So you just got three chicken sandwiches eating at. That's your only what we get. Nothing. You feed three people on five bucks in a hurry.

Deal. The chicken sandwiches, the chicken patties, we have H-EB. I don't know what your version is, but you can get the fucking frozen chicken patties, put them in the oven. And I promise they are individually less than $5,

more of an initial investment. And they are not good chicken patties. And that is quicker, more convenient taste. There we go. On top of that, so now there's more reasons. It's affordable, right?

You weed out two or three days a week. It adds up to $15, $30, $45. It adds up to- Pay the card. Well, I, yeah, that's true. Late payment. It's not affordable if we can't pay the card. Do I look like the kind of person that's ever made sound decisions about food?

No, but that's why I'm trying to get it across. But this is my weakness. This is always going to be my biggest weakness. No, no, no. You just allowed yourself infinite excuses for the future. Oh, that's fair. That's true.

That's true, yeah. Yeah. So why not, like, actually take responsibility? responsibility say, hey, we cannot afford to live right now. We don't get to afford to go out and get that. For traveling, guess what we had for breakfast today? What did you have for breakfast today? Chick-fil-A.

We used the app so they gave us free nuggets. What about the continental breakfast at the hotel? Free. That's true, actually, yeah. It's generally just bowl cereal. Yes, and that's food that goes in your stomach for free. For free! You can't afford to pay this.

Boogie. I mean, that's true. That's true. if there's anything I can get across in this episode for you to just walk away with buddy if we cannot afford to pay something if we can't even afford to pay off the credit card we're getting late fees and we're just getting I mean I have I have a lot to eat I have a food budget of about $300 a month and that we use that groceries it includes groceries most of the time yeah for we do eat we do eat groceries at home we have like

some of the inexpensive meals we make we make tacos and make shrimp pasta if I've really feeling splurgy we'll make burgers at home We eat at home the majority of the time. Unfortunately, we just can't afford to probably go out with it all. Yeah. I'm really sorry. It sucks. I mean, it's true.

Yeah. So, okay. But it would have been more expensive to drive back to Fayetteville and make a taco than it would have been to go to shit for a day. But you're right. We could have eaten cereal at the buffet. Yes. I was about to flip the fuck. Kill me.

Okay. What I can't see is the interest of curing. Obviously, we have the late fees, but the mobile apps love. love to try to hide how much interest is I mean, I just pay the minimum balance every month and the minimum fees generally 20 bucks. So that's what you meant by paying it every month? Minimum balance. Sometimes it's a payoff more, yeah,

for sure. Oh, okay, well, that's really bad. If we hold a card that's accruing interest, then we can't afford to go out of D once, we just can't. That's true. Because this is, this will get paid off on the 20th with this huge all of it, all of it, yeah, the whole thing. Huge? Yeah, yeah. From what? From the spike that came in absence from

Oh, like the $6,000. That's, okay. I mean, $7,800 is what we made in November, which was really awesome. I hope we can maintain that. Is this a debt the preferred club? That's the house loan, right? Sorry. Yeah, yeah, that's my current checking balance.

That's weird. That scares me. Anything less than I thought. Okay. Exxon, fair. It came down here. McDonald's last fair. Yeah.

Check fillet. Mm-hmm. Oh, wait till you get to the Starbucks. Then you're going to go real mad. I'm not one of those people that freaks out about Starbucks. $5. $5 every couple of days. I love me a pink drink.

I love me. Oh, well, I'll freak out about that because you can't afford it. Yeah. Like, I'm not one of those people that, when people can afford it. I don't freak out as long as you're hitting investing goals that are necessary to survive. Sure. Camio, I'm glad that came in. Okay.

Yeah, yeah, yeah. So that's a little extra. Yeah. $100. You can book me at cameo.com. Streamyard. We're paying for it. Barely made it back.

Yeah. It's necessary for the podcast. That's where we filmed there. Uh, uh, utilities. Yep. That's fair. Can't hate against no utilities. Same with gas.

Walmart. You can never really. hell what's being purchased from Walmart. So most of my Walmart purchases tend to be Mets. I'm on a lot of Mets, the most expensive, which is my testosterone is $2 a month. With your medical issues, do you think McDonald's, Papa John, Starbucks, McDonald's, Chick-fil-A, all being processed within a couple days' time is helping? No, no, no. It's not helping your wallet either.

No, no, no. Why are you still doing it? If we know we're killing ourselves and we're financially killing ourselves, why do you think you're still doing it? I think I wouldn't weigh 400 pounds if I knew the answer to that question. Okay. Well, you obviously had discipline for a bit, though, because you did go through the surgery, which is very difficult. Well, the surgery did its job, which is to say it's extremely restricted in my stomach and take. And it still does to this day. Okay. In a lot of the American versions, don't they require you to lose a good amount up front before you have to get it?

Okay, so you had the discipline to do that. Well, it was a lot easier when I walked into an emergency room with a blood pressure of 280 over 180. And they're like, hey, you're dying now. You're not dying eventually. You're dying now. But you kind of are. I mean, you said you're not going to listen.

As unfortunate as this is, this is the healthiest I've ever been. Well, you said you're not, you don't feel like you're going to be here in your 60s. Well, that's just the stark reality when you've done what I've done to my body. I know.

That just, to me, that feels like now. That's her. I see this 15, 20 years from now because that's what it is. Certainly not. Well,

you're 50, 60s, it's not 20 years from now. Well, it was mid 60s. we're saying right so that's 15 20 years now Starbucks yeah Starbucks yeah Starbucks there's lots of Starbucks Tokyo house is very expensive business 90 bucks business there that one was right off well right off of what prime video Starbucks Starbucks

Starbucks not even a full month back yet Starbucks is a lot Arby's at least get food that tastes like something hey let me tell you a little bit of something about Arby's okay good fries they have very good fries but recently I've been getting to realize the value that you get from Arby's is surprising how much food you get for your amount of investment. Which actually really surprised. It doesn't taste good. I want to make it very abundantly clear.

But again, when you're feeding multiple people, you can save a lot of money at Arby's. I didn't tell you hear about the grocery store. It'll blow your mind. Burger King, Netflix, nothing good on there anyway. Starbucks. I just canceled Netflix, actually. Good. Good lad.

I canceled Netflix and I canceled Hulu. And the only thing. thing I have now is Disney Plus, which we watch literally every day, and Amazon Prime, which I pay for for the shipping and for the things that we need anyway. Starbucks, Starbucks, more Arby's. It's all food. I mean, like, I can save you all the scrolling. It's all food. But we're not even halfway through a month.

This is what I feared going in here. So we have a credit card. Sure. We have a credit card. And we weren't able to do the math that we typically do. But I would not be surprised if you did not go out and have these $25 drops every single day, 12 to $12. something around there. Yeah, it's almost, yeah, we spend about $12 to $15 on food a day.

Let's call it 15. Yeah, it's call 15. That's actually very fair. Let's call it 30. We could have paid off well. Let's not call it. Oh, you're 30 days. Yeah, yeah, sure.

Yeah. We could have paid off well half. Now you throw the Starbucks in there and you throw the business dinner in there, even if you're writing it off, we probably could have paid off the credit card that is accruing interest and that we're missing fees. By the way, if we're getting hit with late fees. Oh, yeah. That's the worst waste.

I mean, like, then we're not getting Starbucks. Any financial show on the planet will tell you. If you're getting charged late fees or credit card interest or loan interest, then you can't be spending it. Then I'm struggling here. Do you give you care? I do.

It's, uh, again. Stop. Be an adult. Act your age is what I would say. I mean, that's fair. Again,

food has not been a area that I have been very successful at control. Trust me, I can't really talk about it either. Dude, let me tell. But at least I can afford it. I've taken it's,

It's bigger than you. Okay? All right. Listen to me, I've eaten more than you at a buffet before. Please not in my bathroom, please. I appreciate that you think you know what it's like to be addicted to food. I promise you,

you don't. I will be honest, one of my big struggles is on a daily basis. I won't eat a ton during the day. Then I'll get something fatty, greasy, sweet, and then I binge a massive portion in the evening. That is my typical issue that happens. And I yo-yo 30, 40 pounds.

constantly. I'll be good for a while and then I'll go, you, yeah. So I can't talk about the... I mean, the only reason I'm not 600 pounds again is because the surgery is doing his job. Can I ask how much you weigh? 400. Okay. Well, good job. My lowest ever was 330. I got back up to 400. This is where I've stayed. Yeah. Within a 20-pound variance. I've gone down to 380 and I've gone back up to 400.

Where does your doctor want you to be? I mean, ideally, you'd like me to be my ideal weight of like 175, right? Like, that's what anybody would want. We're talking knee replacement surgery when I get home. How much is that cost? I think it's not even. Hopefully Blue Cross Blue Shill will cover it. I pay $800 a month for the best insurance I can afford because I absolutely have no choice, right?

And you make your deductible. Do what's here? I meet my deductible within the first like two months, most of the time. Lots of Amazon's in Panda Express. You must drive a lot. We don't drive a lot, but we might have a tank a week, give or take. So do you go in there and get a bunch of drinks then? Because I'm seeing like gas stations a lot.

I don't go into, yeah. Because I'm seriously like two weeks back and I've seen like five gas stations. Well, we did travel here. So we needed to fill up at home. We filled up here. Yeah, but that was yesterday. Like I'm talking in the last two weeks. Starbucks, Starbucks, Starbucks,

I was on my way to Starbucks. Last month I was on my way to Cleveland, Ohio to finish this documentary. So that's probably maybe what you're saying. But no, we talked about, the one that everyone has seen. Yeah. I generally, but we generally go fill up the tank once a week. It's a hybrid. I mean, you'd have to drive 555 miles a tank is what I get.

Okay, I'm struggling with the eating out once a day thing because now that I'm scrolling through here, I'm seeing about two to three if we're considering Starbucks and we're considering unless this is when they're hitting. But seriously, scroll here. I think that's when they're hitting. 14, 15. Like these are just individual days, 16. And there's well, two, three in each. Well, I think that's probably more when they're hitting.

But even if that's when they're hitting, still, since this is sectioned out day by day and three are hitting a day, even if they're coming from a previous day. I just said, we average about $15 on fast food a day. Yeah, but I'm also kind of struggling with that because if we go here, okay, yeah, middle of November, uh, Golden Crow, well, $62 a Golden Crown, but okay, we'll call that an oddity, right? We just, we went to go over. I mean, it was. I invited, you know, somebody out to the, my, my editor, me and my friend Flint and my

girlfriend went out of your editor. Your editor, you pay your editor? When I need to, yeah. Yeah, when he's, when he's got a, when he's got a project that we need to work on. Why aren't you, why aren't you editing your own stuff? You have time, I assume. He's incredibly better at it. And so if I have an actual project that needs to get done,

and he works for minimum wage for me, to be very clear, because he's a friend. So, but occasionally he'll get a business dinner to talk projects and stuff. And then we're getting back to utility. So we've gone close to a month. So yeah, minimum ones a day. And then you throw an extra $5 from Starbucks on there as well sometimes.

So it's every other day. Let's call it 20. But again, most of the time I'm feeding two or three people off. for this money. But that's 15 is like that's like the minimum we're spending a day. Let's call it at that point $600 a month on food.

One second. So minimum 15 a day plus probably five for Starbucks every other day, so 2.5 a day. So then we saw about once a week, maybe twice a week sometimes there's that Dave and Busters. There's the Golden Corral. There's that other thing. So all of a sudden that throws off the average of 15 a day, turning it

to what would probably be evenly distributed. did 20, $25 a day, throwing the Starbucks, maybe $30 a day on average. So if we actually start going off of that, and again, I wasn't able to do the normal math that I was able to do before most episodes. We're looking closer like $900 a month. And I wouldn't be surprised. Let's call it that then. Yeah.

I mean, there's definitely room to cut. I included in any time I talk about these budgets online, I generally say $600 for this stuff, but 900 might be more realistic. But you can't afford $600. That's true. So you said you're feeding multiple people. I understand, obviously, girlfriend's situation. Okay, sure.

Who else will be feeding? So again, my roommates mostly like to remain private. They're not on social media. Okay. So I do have some difficulty divulging the arrangements that we've made. Okay. But in exchange for a lot of things that I physically cannot do, I can't mow my lawn. I can't get into the addict.

I cannot do a lot of the things that are necessary to be done. House help. It's right. So in exchange for in-house help, every once in a while, I get someone a sandwich. And if I were paying to get the lawn done, my house,

it's way ridiculously more expensive than an RBI sandwich. I would rather you. So the deal that I have set up with my roommates, now I'm saving a tremendous amount of money. But that will occasionally include, hey, hey, man,

you want to go out to dinner? It's been a month. Can I take out dinner tonight? Because I, or once I'm never in a position. not to speak too much about my roommate's private business, but I could never imagine myself in that position where I would get paid so little and do so much to help a friend.

I mean, I'd like to think I'd be able to, but physically I can't do most of these things. I can't climb a ladder. I can't. These are things I physically cannot do. And I'm very blessed in that regard. And so, yeah, it's probably, I know it's a stupid investment. but since they're making such a stupid investment this way,

I don't mind making a stupid investment their way. Are they paying any rent? Yes. What are you getting? Because that helps offset some of the budgetary costs that we're going to have to go into. Do my roommates pay rent? There is compensation, not just in terms of things that they're able to do around the house and things that I cannot do, but there is compensation.

But it's not something I'm, again, they are private people. I don't want to get too much into their lives. Totally fine. I do get that. And I want to make sure we're protecting privacy so that, you know, nothing negative can happen. So that's fair. Have you ever downloaded the app credit karma? I believe so.

I don't have it on my phone currently. If we could just get you to go through that, it'll take about five minutes. All right, credit score, we've jumped up? Yeah, yeah. 673? Yeah, like I said, I do know the tools to build credit. Someone set me down to do it, and I'm trying to maintain the best credit that I can. Certainly that's not in the 700s.

There's plenty of room, right? But considering my financial situation, if I needed, a stopgap loan, which I hope I never do. That's what emergency funds are for. Right? Well, again, I don't have them, unfortunately. Well, what's this actually? $7,732.

This is what's left of everything. That's everything. Okay, but that is money. That is money. What's it in? This is currently sending in Ethereum, and since I printed this off, it's actually worth more.

Yeah, but what have we learned? Well, we've learned that I don't think that market can go any lower. I generally, there's no way to go to zero. It can't go to zero. Sir? It can't go to zero. Sir, what have we learned about our money?

You don't take the loss until you sell. Okay. Well. And also, it was also kind of smart to spread off the losses across multiple years so that I get that nice tax. Yeah. Okay. Sleep number, 3,218. Was that the total?

Not 2,500. This is why I had, this is why I bought the stuff. I guess it was more than that. Good idea. Okay. And yep, there's the card to card as we saw. Lending USA. Oh, here's the car, 6,472.

Is that what I've left? Yeah, which is a lot more than you suggest. I guess so. Nah, is why we do the little investigation. That's why, yeah, yeah.

Again, I ballparked this stuff in my brain. I've never looked this stuff up, so I'm glad we're looking it up today. So I know for sure. Lending, personal loan, 3,448.

That's my dog. Do you want to know something? Worst invest in my life because I don't even like the dog that much. I love my first dog. He's like, he's my sole dog. He's like the member of the family. The second dog,

he's mostly just a dog. He's a good dog. He's a really good dog. I really like them, but I didn't want a dog. I wanted another Sammy, you know, and I got a, I got a Leo instead. But he's still a great dog. Okay. Your car payment is, what are we down to?

$2.38 a month? Yeah. You're halfway through the loan. Yeah. We really sounded like we were much closer. I thought I was. Again, I think maybe I don't have a solid in understanding of how much interest I'm paying up front in some of these loans. Because I thought I would have paid off considerably more of the actual loan by now.

Well, you took out a five year. Okay, so I'm going to steal from our friends and the money guy. Yeah. I mean, really, you want to pay it off. If you're going to take it on the car loan, no more than 8% of your income on a monthly basis goes towards it. You put 20% down every time. Which is certainly considerably less of that.

I paid half. And on a three-year term. Well, I paid half. The initial loan was 10,000. is I paid a half. I paid a half out front. If I remember correctly. Oh,

gotcha. Yeah. And then... And again, the only reason I financed the back half, because I had the cash I could have spent it. It was before crypto even dropped. I should have probably done it.

But the only reason is, again, to try to maintain this credit score. I have some small loans. Your dog! Your dog! $5,000, yeah. No. It thinks it's at 23.

49% interest is what it says you are at. That's the loan. Though that can't be right. Are you sure? That's what I think of it. Is that even legal to make a 23% loan? Oh, yeah. There's people on my show all the time.

That doesn't seem legal. Credit cards are over 30%. Your credit cards probably over 30%. I mean, like the minimum payment is like $20 a month, so off of a thousand. You know why? The minimum payment is $20 a month because they want the interest to continue to accrue. Okay. All right.

That's not paying all the interest off. No. Oh. But the number, the number is never broken over like a thousand. Oh, buddy. No. Okay. Now I'm understanding where we might be in terms of financial knowledge. No, that's not how it works. Okay. Okay. But then educate me. Yeah. So, yes, please. Well, for credit cards, we never want to hold a balance anyway. Because if we're holding a balance, well, then they're not, you're making a minimum monthly payment. It's accruing interest unless it's in an interest-free period. So if I were to pay anything off first, it's clearly this dog loan. That's got to be right. What was $986 again? What did we put down for that? I think that's just the credit card balance. Oh. And again, that's a secured credit card. So I don't think the answer. is very high. It's secured with a $1,000 CD. Oh, let me find out. Yeah, what did tell them? Because I think I made a smart financial decision with that credit card because it's a secured card. It's financed, secured with a thousand dollar CD. So my understanding is the interest rate was going to be very,

very low on it. Can you bring up the credit card again? Yeah. So now we have a full picture of your debt and where we've gone. Right. What's good is it looks like you're not really, you don't have anything in collections or anything, which is good. So, I mean, that's, you know, I feel like that's potentially next steps if we have to drain. Okay. So the $7,732 that's in Ethereum. That, oh, this is just a daily graph. Where was that at some point?

And you've been withdrawing from it to survive? Yeah. At the beginning of the year, if you see in the documentary in February, this was $30,000, but I've had to withdraw from it. This year. Yeah. Yeah. And again, if this was a 401K, it'd be considerably harder to have tapped that money

when I needed it. Well, it would have certainly been more secure, and I wouldn't have lost 75% of it overnight, you know. But over the years, if you were putting money into the solo 401K instead of this, you'd have been saving a lot on taxes anyway. Sure. Tax benefits with that. Now, I wouldn't want you to withdraw and take penalties from that anyway. You could have taken out loans against it. Wouldn't want you to do that either, but I think a lot of it, we're going to create your budget.

But what is very clear, if we're doing $900 a month eating out in different forms, we could pay these debts off very quickly. So my interest charge for this is $19.59 for a $1,000 for a $1,000 balance. So what's that come on to? One second. 24%. Well, then I'm paying that off immediately. Yeah, that's what I'd pay off immediately because, one, you can pay it off by not eating out for literally a single month.

Then how much is left on the dog loan? The dog loan we're sitting at about 3,448. And the bed is also 3,219. Can you bring up credit karma again? Because what I can see is the bed interest rate. Right. Because that can also. Again, you know how they got me on the bed is number one that was medically required.

Yeah. And then secondly, you know, I'm like, I can't afford to pay for this in cash. So I have to get it. Usually a lot of beds, though, you can get 0%. As you said. I did for like six months or something, I think. Well, in that case, you figure out what's the minimum monthly payment required to pay it off in six months. But of course, I mean, you tell me, I don't know.

I just, I pulled the trigger. I found one, you know, presidents, they sell, whatever. Don't look at this. You have outstanding approval odds on two credit cards and three personal loans. Oh, I would never take out another. Yeah. Please. Yeah.

Yeah, never. We don't need you to have to come back on. Nope. The next time I have you on, I want it because you've paid off. I mean, give me credit for one thing. I keep, I keep it paid if I can. If it's all humanly possible, like if a bill is due, the bill gets paid. No.

I obviously not the credit cards. Well, the loan payments get made. How can I give you that due, though? Nothing's defaulted at least. I can't give you that credit, though. If there's one of the, if one of any of the things are not being paid, I can't give you the credit of making the payments. See that.

See that. And I think maybe, again, one of the reasons I pat myself in the back for this and why you never would is because growing up, we had things repossessed all the time. Cars repossessed, televisions repossessed, furniture repossessed, because everything was bought on credit, right? Yeah. And so that was such a commonplace. I feel so happy and secure that I can pay my bills.

I feel so happy and secure that. No, they are getting paid. I'm paying my medical. That's true. That's true. Okay. It's not finding the interest. Do you have the app for it?

Do you know that? I do, I think. Oh, if you have the app for it, we could promise. I think it's straight through sleep number maybe. I think this one was 0% if I'm not mistaken. Buddy, if no, if four of these bad debts, I'm considering the house of good debt. If the other four bad debts, bad just absolute death debt was out of your life, it lowers your risk profile immensely. It lowers your minimum monthly payments immensely.

Well, that's what, that's where I want to get. That's what I'm trying to do. Yeah. But it's going to take some things that I'm concerned you might not be willing to do, to be completely honest. But, I mean, that's up to you. We'll talk about that. Well, there's another financial plan. We'll get into it in a minute.

And I think you're a bit of a lot. of your own plan. Yeah. You're going to laugh when I say it, though, but, and your audience will laugh. Well, I would also just rather you be, like, financially, like, safe than give me a good segment. Well, it's both. It's both. Okay.

It's both. In the end, you're a human being, man. Yeah, of course, yeah. So the spike makes this a little hard, but I, across the income sources you gave me, we are having an average of $4,269. in 96 cents. Now, that's right. That's right about where it is, yeah. Question.

Are you setting 30% aside for taxes? I can't. Right. What are you going to do? What did you do these last few quarterlyes when quarterly payments? I literally can't afford to make quarterly payments, so I'm paying in lump sums at the beginning of the year most of the time.

Okay. And there's penalties for that. Yep. Okay. If you can't afford to do them quarterly, how are we going to do them annually with penalties? I think this year I'll end up having a set up a payment plan with the U.S. government.

What'd you do for last year? We haven't talked about it much. It was a very reasonably, it was a fairly reasonable sum. It was paid? No. Is it on a payment plan? I'm about $2,200. Okay.

Hmm? It's a very important piece of this debt. It is. It's interesting because the episode that's coming out before years was another YouTuber who did not pay his taxes. Which one? Darts I Phil. Oh, maybe I should have him on.

No, it's a YouTuber that doesn't upload anymore. He got to 100,000 subscribers. and then quit. Now, there's only the one year, and I've just been waiting for him to knock on the door, get it solved. But at the beginning of this year, I was not in a position where I could do it.

I'm like, I have to make it to the stock drops, and let's see if there's a spike that comes with it, and I'll pay it then. And that's the world we're in now. Yeah, dude. Well, you had 30 in crypto. You could have paid it. I could have, but I knew.

I looked at, and this is a terrible way to live, but this is how I looked at it. I can pull this out of crypto now and potentially, miss a house payment at the end of the year. Yeah. So I would rather stay in the house until I have to leave it.

Yeah. And continue to build equity. And maybe I'll never have to leave it. But if that one financial, if I pulled this $2,000 and paid the U.S. government, which I know they're patient. I owe the money. They are very patient. The U.S. government is so patient.

They also have the guidance. Yeah. Well, but I'll tell you, having had this very similar problem in my 20s with a small business collapsing. Yeah, and owning them $1,500 then they were very eager to work with you. They're like, just give us anything, man. You know, the U.S. government works slow, and believe it or not, they're surprisingly cool when it comes to owing them money.

Okay. So many people have had different experiences. Just let you know. Yeah, I've had, they just sent me up on a payment plan. They're literally like, what can you afford? I'm like, well, I'm on disability now. So what do you think I can afford to? Like, can you afford to give up 10% of that?

And I'm like, no. I can't give 10% of $850. I'm living off of $850. What if they knew you were spending $900 a month on fast food? I mean, they probably would be... Do not send this to the IRS. Yeah, probably not great. I mean, they know.

The government knows, right? They have access to my credit card records, right? I'm just saying if there's one people we don't... That's true. But they know. Yeah. I mean, we've had, not for some of the $2,200, but there's been people in the media industry in general

who have not paid taxes, they've gone to jail. If you owe them a significant amount of money, then yes. They do not consider $2,000. I know, but that's all I'm saying is like, well, this isn't all roses and butterflines. The best I can get for you on this loan is that it was 0% for 24 months, because that's pretty much standard on the website.

Yeah, when did you take it out? July. Okay, so we're in the 0% interest period. Yeah. Okay, cool. That's good to know. I know June. Oh, okay.

Yeah, June. Sorry, I was panicking. I was like, because you almost sent me into one. I got it before you. Does she work? We're working on that. Okay. Because that would be, that's, you know, not required to.

We're not married. You know, anything like that. If we are married, that's a conversation of what do we need to be as a future? How do we hit financial goals? We might need to work. the majority of her everything is taken care of, but the one thing that she's not doing is bringing income in. Yeah.

But she's costing pretty much nothing going out. Okay. Let's capture some of your other things. We have Verizon 22. Do what? Verizon 22. Yes, we got two lines. Oh.

Yeah. Do you have your phones finance? iPads. Not iPads. No. Verizon's expensive. There is, yeah, Verizon's expensive. There is, there was like a $500 balance after trading on that phone on this one.

So we are. paying that off. But that is, again, it's 0%. You're going to hate it because, I mean, Verizon is like the best nationwide, but when we just can't afford to live, like Mint Mobile? I didn't know what that is. Ryan Reynolds, Mint Mobile? I don't watch commercials, man. Okay. Well, check it out. Dude, I'll text you a link. You can be like 30 bucks a line.

Okay. Well, I mean, I'll still have to pay off this phone before I get there. Oh, oh. So, wait. You know, like I said, the phone was zero dollars. It added up to like there was a balance of $420 spread across 24 months. but it's zero percent interest. I know, but we can't switch to another carrier. Yeah, yeah. Yeah.

Well, there goes saving $150. All right. Car insurance? Yeah. Yeah. Got to have car insurance. Gotta have car insurance. The YouTube,

the other one I was just talking about who didn't pay it's taxes does not have car insurance. Very bad. I didn't for the first 30 years of my life. That's not good? Yeah, that was not good. Do you have a, uh, uh, uh, what the fuck?

Oh, yeah, 775 is your minimum monthly for insurance. Yeah, that's Blue Cross Blue Shield keeps me alive. Unfortunately, for them, they are losing a lot of money on this. I can tell you that. They are spinning way more than I'm giving them at this point. Yeah. Like 15 years ago, you may have not been able to get health insurance at this point. I couldn't, yeah.

If it wasn't for the Obama administration that made it possible for me to purchase insurance as a self-employed person, I would never have access to health insurance. Okay. Um, so how many people do you have to buy groceries for like every day type thing? Being her. Just you two. Yeah. I mean, we do have somebody that, again, will cook for free as long as they're eating.

Um, so we do take advantage of that. So it generally means we're cooking for three most of the times. Okay. Yeah. Well, I would try and go to the two with some cooking getting done. Um, so what we did on our grocery store website or local grocery store, H-EB, you can probably do this on Walmart, I assume. We created like a meal prepping thing for each week, 2,500 calories a day per person plus snacks.

We sorted the recipes for what we needed for each meal by cheapest. I should point out of the when we eat at home, we eat cheap. We eat more sandwiches than we eat anything else. Okay. Well, either way, sort the ingredients by cheap. And then do like a pickup order for it, which can be free depending on the store.

And that way you're not going through the aisles. You're not picking up everything. And we had for a single person with snacks and dessert. It's 2,500 calories a day. Good eating in $250 a month. That's incredibly. That's incredible. Comfortably.

But most people aren't, you know, willing to get into the nitty-gritty of it, you know. Name brands and eating a unique meal every day. And I want everyone to be able to do that. I want everyone to be able to do that. I'll be honest with you. When we can't afford it. Everything in our house is great value. 100% of the time.

Because number one is a huge waste of money. The food doesn't taste different. The products aren't any better. And secondly, we're in Walmart country, right? Like so if you're not by the local brand, you know, you're kind of a trade in our area. But yeah, at least that. We're already doing that. Yeah.

All I'm saying is I can get you guys $450 a month in groceries for you too with aggressive meal prepping. We could. That sounds very reasonable. Yeah. Now I have something called the toilet paper fund. This is just whatever else is needed to survive with the household. So it's the toothpaste, the toothbrush, you know, whatever is needed. It could even be like some car maintenance.

Everything's going to ebb and flow on a monthly basis. I'm going to put $150 there. Sure. Medical, on a monthly basis, medications, what is coming out on average? About $1,500. For health insurance and medications.

Oh, okay. Not health insurance. And now we're doing... Just medications. Well, I guess I could subtract the health insurance. So $700. Yeah, in the neighborhood. Five to $700,

depending on the month. Okay, so $600 if we average? Yeah. Okay. Let me figure out your debt minimum of payments. Including mortgage. Actually, I'm going to do, let's do mortgage separately, including property taxes and insurance, all that stuff. And did we get through utilities on this or not? I can't remember.

I did not see you. Oh, they should have been in some of the screenshots. Here, here it is. I think water payment is in here. So this is this water gas. Water electric. I'm sorry. No, that is water and trash removal. And that's it. That's what the city charges. It sucks. Okay, so you have electricity on the side. Electricity is a whole other bill, which you should have here as well. So this is just this is just trash.

Yeah, our city is highway robbery. It's insane. That's trash and water. Do they compensate it with low property taxes at least? We get hammered with aggressive. Yeah, our property taxes are better. Okay. How much in electricity and gas then?

Depends on the month. Yeah, give me your average. They should be printed out for the last month. here. I think I sent them to you. I think the last month in electricity was two 50. Yep. It's a little more than that, but yep. And then what was the other one you're asking about? Gas I think comes out to in the winter close to 150 in the summer down to as little as 50. So it's called that 100. And then what's the other one? Water gas, electric. We do pay for cable, which is $100 a month. I'm sorry. Not cable, sorry, internet, which I'm a YouTube.

Yes. Right. Well, everyone you need internet to survive, to do jobs to do anything. $99 a month. We got a really good deal when it comes to the internet. That's for a gigabit. And this is the slowest the offer. So I can't even get it cheaper if I wanted to.

Let me get the debt minimum of monthly payments besides the mortgage, not including whatever the IRS might be, because we don't know yet. Yep. Yeah, this extra $653 could clear you, not clear you up, but it would help. lot. Eyeball Park, and like I've said publicly, right around $7,000 for like minimum payments across everything.

Is that about what close to what you got? I don't know. Just yeah, I just want to make sure where we've got everything that you're required to have. Gas. How much will we think on a monthly business? Like I said, gas in the winter is because it's- Sorry, car gas. Oh, very little.

I drive a hybrid. So 20-40, maybe $80 a month, if that. Okay. We'll be conservative and say 80. Yeah. Anything else that you are required to take care of on a minimum monthly basis? There were some subscriptions like stream yard and stuff. Oh yeah, it's like a $25 subscription to Streamyard.

Any other subscriptions that are mandatory? Mandatory. I'm not throwing Disney Plus in there. I'm sorry. I think I could... I'm just trying to get your mandatory in order to survive type. Stream Labs might count, but that's $9 a month. Okay, so 35 then?

It's called that, yeah. Anything else? I think that's everything. Okay. I've had a really good job of canceling everything The last few months. How many miles is on that car? 12,000, I think, no.

I've had to take a lot of road trips. Wow. Yeah. I mean, I bought it with... $12,000 is nothing. I bought it with less than 1,000 miles on it. That's incredible. Yeah.

I might be wrong. It might be closer to 18 if I'm ballparking. She could go check, but I think it's under 20 for sure. I'm happy about that, though. It doesn't mean we have to worry about anything too major happening. Soon. Now, they say one of the reasons I bought this car is like all the YouTube reviewers said this specific year and that specific model, they said well over 150,000 miles before you'll even start to see issues. And I knew it would take a lifetime for me to put that on it.

Even with trips like this, you know, for business and stuff, I'll never put that much mileage on it. 5,856 in order to survive. So a little under. That's because I think we're throwing in a little less wants. You said in your budget, you had like 900 for food or something. Yeah. It's like if we get rid of wants, only just basic survival, which is what you should be on, because again, we still bring in a thousand, $600 less on a monthly basis.

Then we need to survive. Yep. Which. And we're real close to that being zero. Yeah. So I do have one thing we haven't included here. I wrote a little song to remind you, choice hotels get you more of the experiences you value. The can be a hotel.

Got it all A rooftop ball Have a ball Cocktails up here Feel just right Is Cambri Your homemade Bring a date

Your team Or even your mom Book direct At choiceotails.com See you on the roof Okay And it is The other

Backup plan That I've had Which is so Incredibly stupid Cool I started playing A card game Called at the

gathering back in 1994. Yeah. I happened to purchase a lot of cards at a time that they are worth a lot. Mm-hmm. So I have cards that have been my backup plan for the entirety of my life, right? Yeah. Since 1994, I'm like, you know, these cards continue to accrue value. The bottom will fall out eventually.

Here we are 31 years later, and they've gone nowhere but up. I generally get about 70% of the value of what a card's worth. And so, for example, I was getting. gifted a card for nine years ago for my 40th birthday. They paid $80 for it. It's currently worth about $2,700. So I do have additional assets. Can you give me conservative value of your entire collection?

Conservative. Extremely conservative would be if I bulk sold it tomorrow. Yeah. 50K. But my plan is to continue to do what I've been doing over the last year, which is sell it periodically to survive, right? because with the exception of, you know, the COVID bubble hitting this market. And I wouldn't have sold during COVID because I didn't need the money, right?

Other than the COVID bubble bursting, these cards have continued to maintain value. So I sell them as I go. Now, I'm learning today from you that I should absolutely go home, sell $10,000. I would. And throw it at these high interest loans. Because they're probably not depreciating 25%. No, certainly not. Certainly not.

Because the crypto, and this is, it's in crypto. So one, I would just have this in a high-old savings account anyway. But it's going to last five more months at the max. Yeah. If it stays this value, you never know what can happen with crypto. Five more months. And I wasn't lying. It's gone up since I've printed.

Since I said it to you, right now. We made a couple bucks. I would sell that it. It's on the climb. Do not invest. Do not invest. Invest, but not in that. Not in crypto.

Yeah. Okay. Okay. Okay. So with the bad death that we have, this is what I would do today, today, tomorrow, because you get home tomorrow. But high interest, bad death debt, including, I'm putting the IRS in there, man. Because it's about to get to be like death interest. Yeah.

They'll knock on the door soon. Yeah. And I would rather knock on their door before they knock on yours. That's sure. I would sell $16,307.88 cents. How much? $16,307. That's pretty doable.

That wipes out IRS. It wipes out credit card. It wipes out the bed. It wipes out the car. And it wipes out the dog. Loan, not the dog. But the car. You, in your situation, not having a car debt,

leverage on a depreciating asset, lowers your risk profile immensely. Okay, extremely stupid question. Yeah. It's my understanding that I should maintain some loan to continue to build credit. Sure. Because again, I do think relocating, selling my existing home and buying a cheaper one is something that will still be in my future, even with this. So you'll still have your mortgage. If I were to keep a loan, is the mortgage count? Oh, absolutely. That's the one they're looking for?

Well, they're looking for everything. They're looking for diversification. They're looking for age. They're looking for low balances. They're looking for on-time payments. What I would do in your situation is obviously keep the mortgage because it's a low rate. It's great. Getting rid of the other loans, even if your credit score takes a hit because the age goes down, it doesn't matter anyway because right now your credit score in what exists within it of taking out debt is taking advantage of you. You're not taking advantage of it. So there's really no purpose right now of you,

like shooting for that good credit score because this is, you know. What I would do potentially, you're not a credit card person. Right. Like you can't manage it. You're not paying the payments. But if it is that important to you, the one thing I would might consider, if you can prove to yourself over the course of six months

that you only put gas on your credit card and you pay off the entire balance every month. That's smart. I will concede that you're allowed to do that. And that will at least that in the mortgage, man, you'll be in the $700s credit score-wise. Okay. Should be chill. It should be chill. You might get a hit in a bit for a bit because your overall credit age is going to go down

because some accounts are going to close for paying them off. Right. But honestly, with your credit card getting paid off, even with those, I wouldn't be surprised if it jumped to about $700 anyway. Why? Because one of the main, I debated even talking about this, and I don't know if it will make the final cut or not, but one of the major reasons I want to make sure that I can take out a loan is because there is a very real chance of a medical emergency.

And I, for the thing that I'm dealing with, you have to pay up front. Yeah. Right. Okay. Yeah. No. Well, of course, obviously, I mean, death over life. Life comes first.

So I get your fear around that. Yeah, I think your credit score, again, will actually be in a better place because right now what's holding it back looking at your credit is a high credit card balance. You know, you want to be under that 30% utilization. If we just have you sweeping your credit card on gas, paying off the balance every month and having the mortgage consistent, you're going to have a good score. Yeah, okay. Like, are we talking 800s? No, but like you'll be in the sevens. Right, right.

So, and I think when we're looking at this minimum structure, Yeah. I think my income, I mean, my income in the last 30 days has been enough to cover that. Yes. And this body alone, right? Right. This podcast is going to start paying out. I mean, we just hit profitability in the third episode. That's incredible, right?

My cut is small. It's 25%. Right. But I own 25% of this thing. And I foresee being able to reach these minimums throughout at least the rest of next year. I don't know if it'll get better than that. But I think I'm in a position right now after the doc coming out and this podcast and everything else. I'm in a position where I reached these minimums.

I won't have much for wiggling room after that. And it would be a really good idea to pay all of this down. You need to tomorrow. Yeah, right. Exactly. As soon as I get home. But you know the minimums don't matter for then spend an additional 900 going out to eat and then all whatever else. You know, the extra.

Unnecessities are unnecessities right now. If we can't afford it. That's true. We currently can't. So what is required through, again, anonymous. call center job, you know, something that pays minimum wage, building that podcast or abandoning the Twitch and everything like that and fully focusing on re-engaging YouTube, whatever it might be, man, that brings you to at least...

I mean, that's been the plan over the last 30 days. Literally what I've been doing over the last 30 days since this documentary dropped, and you can see it's paying off, right? Like, my numbers continue to grow. my income is continuing to grow. I'm doing exactly that. All of this ancillary stuff is ancillary. I have it all in a linked up,

and other than live streaming once a week, just for the fun of it, because I enjoy doing it. I don't live stream. I put my time where the cash cow is, and that cash cow is YouTube's ad revenue. And my favorite part about that is I'm not making money off the back of my audience. They don't have to buy a T-shirt.

They don't have to engage with the sponsor. They don't have to buy a channel membership. They don't have to donate anything. on Twitch. All they have to do is put the video on, click it, watch it, and I make money, and that's simple as that. A lot of the criticisms that I personally saw, and you can refute them if you have to wish, this is just, there's too much information online. Sure. It's impossible. So, but what a lot of I saw is, again, like the pity party, sympathy feast over the last few years. Sure. And maybe that turns to people off. And maybe it's to get people to give some money.

I'm not sure. Are we done with that? Yeah, I've been done with it for a while. Good. So, I learned very quickly my decision to talk about my finances last year, that that is not how I'm going to get out of this whole. I cannot, nor should I want my existing audience or my pre-existing audience to want to dig me out of this whole. Now, it's a whole other thing if I create content that they want to pay for, right? If I give value, you give value. Most YouTubers give value.

That was the thing that I was missing. from my video last year. I asked for something, but I offered nothing in exchange. That was the idiocy of it. And I'm at a point where I can't ask for anything up front from my audience, nor should I, nor do I want to, right? I have to deliver a product that they enjoy,

and if they enjoy it, then they can catch me on the back end if they so choose to. And I don't blame a single person who chooses never to do that, right? If you said bogeys burnt that bridge, I fully understand and respect that. Yeah. Because, I don't know. The thing I think I learned from the Internet more than anything, I was playing, oh, I don't know,

I heard it called, I'm just a small being the other day. Do you know, if you heard this, right? Growing up for me was, you wouldn't hit a guy with glasses, would you? I was being Jerry Smith from Rick and Morty, if you're familiar with that character. It's a character that was intentionally pathetic in the hopes that other people wouldn't harm them. What I've learned very quickly from that, no, very quickly, but I've learned harshly, is that when you make yourself out to be a victim, the people that like to victimize people will choose you to victimize. I'm curious. Do you find yourself throughout your life playing justification games?

Certainly, yeah. Okay. Yeah. Yeah. So it just might be something worth escaping in the future is just instead of trying to justify, I, like every last thing, a reason for everything happening. Reason why I did this. The reason why I made this choice is because of this whole winded thing of a character.

I'm trying to do and all this stuff. Well, in therapy. Just justification. Well, in therapy, we learn why we do things, right? I know why. During the Frank Castle situation, when a man was battering down my door calling me the N-word and an F-A-G-G-O-T and all the people, you know why I opened that door. Yeah. Right?

I did it because I wanted to stand up for myself. I did it because you shouldn't be on my property. I did it because this is a transgression to me. Does the law care? No, it's not an excuse. I broke the law. I pay. But it's important to understand why I did these things.

Yeah. But it justifies different than I understand. No, it doesn't justify it at all, right? This is why I did it. I need to have an understanding of why I did so that I hopefully won't do something like that ever again. Well, the only reason I ask if that's been a part of your life is because I don't want us to be justifying things in the future. Oh, absolutely.

And in terms of, I really want you to get to a good place, man. The minimum you need to bring in in order to live your minimum needs with current debts. Get rid of the debts is different. Actually, we're paying off to talk about what happens when we get rid of the debts. I'm curious. Yes, exactly. We, except for the mortgage. Sure.

And we need $5,203 to survive on a monthly basis. That means you need to bring in $10,407 on a monthly basis for, like, recommended budgeting purposes. Okay. Recommended. It's obviously going to be tighter to that until you can get there. If you can get there again, that's great because, I mean, that's $12,000 a year. 10,000 a month?

Yes, it's because your needs. We want to shoot for that being about 50%. That is difficult. That's usually more difficult in places like New York City or L.A. where rent's going to. Right. It's a little easier in Arkansas. Yes.

Maybe not Northwest Arkansas, but still. Yeah, I can't speak for that place specifically, but that's typically what we try to shoot for 50% going to our needs, 30% to her wants, 20% for. investing. Sure. Okay. Now, if I were in your shoes, is to shoot for that $10,400 as quick as I can doing whatever it is, whether it's in content creation, whether it's a drive-through work, whether it's anonymous call center. And I know, I know, we already talked about having the name out there and just, you know, different things. But even if, again, we can try the more anonymous thing or applying for jobs like it's a full-time job might be a consideration. If things

don't play out, maybe we give it, this isn't going to last for another five months if no more income brings in. Sure. I say if we hit, there and we've no longer gotten to the place where we can, you know, survive. Right. Obviously, liquidating cards might be the option then, but at that point, I think we've proved this is not working. Right. At that point, I say we try to scrape together any and every job we can, and we're

not above any and every job at that point. Right. I think a lot of people have this idea, and I get that the documentary definitely painted this picture, right? I think a lot of people don't understand what I'm willing to do to survive, but I hope that you know that I literally drove across the country with an injury. Yeah. To be here to do this, right?

Yeah, you do. So I'm willing to eat as much I need to to do this, right? Are willing to stop eating $900 in McDonald's and Starbucks a month? I'd love to. And it's something I actively have tried to do my whole life. I get that. But at this point, it's like not a choice. It's really not.

I respect that. Most addicts would tell you that, you know, I don't, I'm not making excuses, but it's the reality of the situation, right? It's like going to Eugene Acuny. saying you need to put on 50 pounds. Okay. Of course she does. Of course she does. What about accountability?

The people surrounding you. I mean, they're doing their best. Well, what is that? Nobody can hold your, your toes to the fire, man.

I know, but is there enablement at all? No, the opposite. Quite the opposite. Right. I have people who were like, let me cook healthy meals, cheap mills here.

Okay. But I know where McDonald's is, man. Yeah. Right. Well, I mean, this show comes.

They deliver to your house, right? Like in a week moment, I'm going to choose McDonald's. In this show, I can do finances. And all I can say on the finances, if we're not willing to change that, then as the title of the video suggests, you're going to die in poverty. I mean, like I said.

If you don't stop, you have to stop. It's you stop or you die in poverty. Because right now it's insane. It adds an additional, what, 20% to your budget, 15% to your budget. We can't even survive in the needs. It's just really no longer a choice. So you're choosing at this point, even yes, addictive, 10%. I get it and that is not my thing to talk about.

If you choose to do that after this conversation, you've chosen just giving up and just... Well, I mean, after this conversation, I'm going to continue to do what I've been doing for the last 30 to 45 days, which is work as much as I humanly possibly can. How many hours a day do you think that... I'm putting in like a good 40-hour work week now.

Okay. Well, I think that when we can't survive, I think that needs to be 60 to 80. Yeah, that's fair. Yeah. But that's where I am. And like at the end of the day, again, no excuses.

You know, people think I don't want to get a real job. I'm a disabled felon, man. Right? I've been disabled since 2005, right? I can't work hard. I can't do physical labor. That's not an option, right? I think call at home, again, service center.

So now they have to Google that I'm a felon. It beats his wife and, because that's what happens when you Google my name. Go do it right now. Yeah. They have to hire that person. Yeah. They're not going to. Those are the positions.

wear those more. Ah, what's the word? People with records do tend to find more opportunities. Right, but are they also disabled, right? Like I'm saying, this would hopefully be work at home. I'm just giving one option.

I'm sure, but I'm just saying, like, if that job crosses my lap tomorrow, I'll take it. Have I actively looked for it? Absolutely. I just don't think it exists. Shall we? Yeah. Okay.

our good friend LinkedIn. You know, this is a wide variety. Well, this is giving way too many, way too much variety. Let me, let's just do customer service. So I did call center and it was doing like real estate agent. It was like the fifth one down.

Right. Does it make sense? There you go. I would apply to these, these billion trillion, quadrillion jobs. I have. I have.

I'm telling you. I've done this exact thing in the last year. You applied for all of them. No, I applied for over a dozen. And I kept getting told the same thing, which is, dude, you're unemployable. Yeah. So even for the people that are very employable, though, applying for a dozen jobs,

you likely won't get a single job. Okay. I had that headhunter. Yeah. Tell me off camera. Man, there's nothing we're going to be able to do for you. I don't think there's anything about you need to focus on the YouTube thing. Okay.

Like, if a headhunter is telling me that these people aren't going to hire me, I trust her evaluation. No, I get it. I get it. I just, I struggle with the conversation. If we decide it's impossible, then it's impossible regardless. Well, I understand that. But when, if I, if you told me that I need to start flapping my wings and fly out of here, right? We would agree that that's not a possibility.

She's probably right that you can't get most desirable jobs, not desirable jobs, anything. Dude, I was, how desirable is it to cold called teachers about a union and get screamed at by them? Because that's the job I applied for. Yeah. And got told they wouldn't give it to me. How desirable was that job? Not thrilling. No.

And that was the most desirable job I applied for. Okay. And they went off for me that one. And I had a friend in management at that coming. So you're not willing to try. This, am I trying to, am I willing to try doing something that is clearly not going to happen? No. Now, if I get the felony sealed, which is going to cost money.

But at the end of my second year probation, which I think is this year, how much will it cost? I don't know. Okay. Thousands. But if I get that sealed, this is a whole other conversation. That might be a very worthy investment pulling from the magic the gathering. But until March, that's not a conversation we can even start. Well, March is coming up pretty quick.

So I worked, what was it? It's like senior colleges in between a couple jobs. And my dad was like, why aren't you working? You need to go work this job. And it was like this odd jobs all around. And it connected people who, like, needed work and needed work. And the people that I was, like, moving mattresses with into, like, newly built college apartment complexes, they were all felons. And they were, like, people who just couldn't get work anywhere else.

There was, there was still opportunity that they saw. Yeah, Van Nu Labor is generally pretty lenient on that kind of thing. But unfortunately, I can't stand up. That was just an example, though. It was just an example, though. I'm just saying if we refuse to search for it because we believe it doesn't exist, then it's not going to exist. Right. Well, when I'm getting told by professionals, it doesn't exist.

I listen to the professionals. And if that makes me the, I don't know. I wasn't there for the conversation. I wasn't there for the conversation. It's hard for me to just fully. I don't know. I wasn't there. I wish we put it in the doc if I'm being honest with you.

I mean, we did. It says right there, management will not give us approval because they wouldn't. Yes, but it's all there. It made it look like because you said, well, you Google me. I'm a lot of while. And I'll tell you, my financial plan, and it might be a stupid one. Okay. But because I've seen traction in the last 30 to 45 days,

The more I work, the more income I bring in. Yeah. The more that I make YouTube videos, the more that I put effort into the editing, the more that I put effort into being an entertainer, the more money I'm making. And that seems to be more valuable than chasing after a dream that professionals are telling me doesn't exist. Okay. Right. This is viable.

Professionals is just that one conversation you had. I've talked to several hiring people. Yeah. I just have to trust her on that. I've applied for several jobs. in the last year. Doesn't. Roughly.

Yeah, that's like a half hour work on LinkedIn. Again, when you get shut down by several people doing hiring and you get told the same message including by a headhunter, hey man, you're a felon

who has all these terrible rumors about you, who's going to hire you to be working in your company? Also, you're disabled, also you have no education, also you have no work history. Right? I don't know.

You're a CEO. You built a multi-million dollar company. These companies don't see that. They're not looking for somebody that runs their own business. They're looking for somebody that can make them money. I wasn't saying it just like that. All I'm saying is reframing and resume building interview skills with everything you just

said that's against you, except for the felony stuff. But you said the lack of education, lack of work history and stuff like that, reframing to what you actually have accomplished because you have accomplished a lot. I've never been a lot. That's not lying. You have accomplished a lot. You have a multimillion dollar business. I've never been a fan of going in and fudging my resume to make it.

It's not padging either. I don't have an education, but it's because why I chose to learn abroad or something. I was talking about your work skills. You've brought, you've actually built something successful. These companies don't see that as something. If you find me a job that pays as much as putting the same hours into my YouTube channel, I'll take that job. And I'll do it as well.

I mean, you do 40 hours a week, right? Yeah. But we might need to do 60 to survive, which might require 20 somewhere else. Well, it'd be smart to put that 20 hours into this business, the one I'm building that I keep 100% instead of keeping 5% kicking another 90% up to the guy at talk. percent will or that 20 hours a week, that extra 50 percent in labor is going to equate to an extra 50 percent of revenue. If yes, then I do it. Absolutely. I don't know.

The math would have to work, right? Right. And I don't think most jobs are going to make that math work. Most $12 an hour jobs, which is minimum wage in Arkansas, I think now. I think it might be less, but it's supposed to have 12 eventually, right? Brings an extra $9.60 a week that at least means us to our minimum. Yeah. And minimum is better than draining our savings.

Yeah. Well, like I said, I'd rather put that hours into my business. Yes. No, no, no, I'm not against that. I'm just saying as long as the value actually, if the math works, it works. If it doesn't, it doesn't. Right. Have you worked with any services, by the way? There, I can't speak for Arkansas. I can't speak for the city. There's local services. There's a wide variety of services who focus on the rehabilitation aspect of people's lives. Now you did not go to prison, but you do have a felon. Sure. That helps to connect felons with workplace opportunities. There are services out there. Have you worked with any of them yet? It's never come across my table.

Again, Mark, it's not about coming across your table. What about you going across their table? Well, my plan is to seal the felony and try to move forward from there. And that happens in three months provided I can afford it. Yeah. So I don't know. That's,

I've never heard of that before. So I don't know if it even exists in my area, but it might. what would they offer? I don't think they'll offer any financial A lot of things I'm seeing are Texas resources. Again, I can't speak for that. Right.

Well, as far as I know, I might not need that in three months. But if it turns out in three months, that I won't be able to get this deal. Then you'd be willing to? Yeah, of course, sure. Okay. Yeah, of course. Again, it's just if math works, dude,

if you can bring it in YouTube, if we can get back to $10,000 a month again, yeah, I'm all about. I think the biggest mistake I ever made was in 2020 after my nervous breakdown and I stopped working. Yeah. And I should have had all of this money. I still could.

And I not just 2020, when every other YouTuber went to work, I had to get into an intensive therapy and set. I had to reorganize my brain. Yeah. Right. And I'm glad I did it. Don't give me wrong. It was a good use of my time.

I came out a different person. but again I think my biggest answer is I just need to go back to making as many videos as I can considering my my scheduling my health and and really put my effort into my business so I do concede I mean if if the professionals told you that I mean again if that's what they said but I just believe they're all telling me it becomes a whole other ball game in March I'll hire a lawyer, spend a couple thousand dollars, get this completely off my record, no longer shows up in the background check, then all we have to do is deal with the other obstacles. My favorite thing is always to punch back against certain mindsets and try to push people,

push people to better themselves. So that's, this is what I try. Like I said, I promise you, I'm not giving up hope. If it comes down to my YouTube channel is no longer making me money anymore. And I literally have to steal for a living. I'll do it. Well, let's not do that. No, but I would.

I'm telling you, if I have to steal bread to feed my family, I would be that guy. Yeah. Right. I will do whatever it takes to survive, right? Now, I will certainly getting a job like every other human has ever had or the jobs I've had. I work security. I've worked, I've worked, right? I have no problem with working.

If a job fits me and it's going to keep my bills paid, it's going to keep my health insurance so that I don't die, obviously going to do it, man. Obviously. I think one thing that would help not pushing someone to get work. And I know there's probably background in a lot of different story. If you're significant another is able to help split the cost of the place they're living, that will help with your thing. I do want to talk about, before we wrap it up, just, you know, okay,

say you make it 10 years, like you said, I hope it's much longer. You know, I really do. Let's just go off that 15-year arc. Sure. What does that look like to you? We've done YouTube for 15 years. So we're halfway through that. I know.

Ark, what does the next 15 look like? I mean, here's what my life has looked like so far, right? I was homeless when I was 20, right? I was crowd surfing. I was breaking into buildings up of the University of Arkansas Statue of limitations has gone up on that, by the way. But us sleeping in buildings that they were building still. I want to hear about your future, the exciting things.

Not your bad past. We're going to get there, okay? Okay. But when I was homeless, I wouldn't have told you that three years later, I would be running a small business running web design, right? Sure. And then later, while I was, running that business, I wouldn't have told you I'd be disabled soon after, right? And when I was

disabled, I wouldn't have told you I would be a YouTuber who made $1.3 million across a decade. Plus more sponsorships probably. Yeah. Yeah, I think it was probably closer like two, right? Probably as much as 2.5. I would say across everything I've made, close to $2.5 million in 10 years. Incredible. I cannot tell you what the future looks like, but I am always hopeful. One of my favorite movies, castaway, right? Just got to stay alive. man. That's it. Just got to stay, because you never know what the tie could bring in tomorrow. I do. I have no clue. What about plans? Well, my plan currently right now is taking a day by day, every therapist will tell you this what you got to do. My current plan is to continue to throw myself in

my existing business because my existing business is still profitable. And I'm looking for that next opportunity. I've looked at reselling on whatnot as a, as a possibility. I've looked at trying to find a small business loan and open something in the area. I've talked to a friend about doing a smash room. Apployment, like I said, come March, there might be a job out there that suits me and that suits my needs. And I'm still going to look for that. All I know is that right now, when I get home from this,

I go home and I film videos and I live stream and I do what I can to entertain the audience that currently have. And when that audience is gone, I hope I find a new one. You know, it's another option. I don't want this. This is more last case. Yeah.

We take it. We, the house, I have the hundreds of thousands in equity, about 250, 300,000 dollars of equity. And then instead of paying 211 in rent, we get like a one bedroom pay like a thousand one hundred. Now, obviously that sucks. That's hard. Obviously it has to be ground level, but it saves you a thousand a month.

I'll do even better. Okay. The plan is to move that out of North West Arkansas and get to a place where we can buy a house for $50,000. But you said you had to stay there for medical providers. Well, yeah, it involves giving up on that. So you just, oh, right? It involves, like, not necessarily worrying about being near the best possible

health care, right? It'll be a more rural farm, a more rural kind of thing, right? But there's still help at rural hospitals, right? They know what they're doing. Just doesn't need to be cutting edge, right? And you can get a house out of the boonies for 50K in Arkansas. Sure. It might be closer to her family.

You know, it's up to be further away from my support structure there. But that is a possibility. The hell Mary play has always been. Okay. Sell the house, hopefully clear 230, 250 out your closing fees and everything else. And then take that money and live off of it at a very reasonable amount. You know, I think that if you get out into the small parts of Arkansas, you buy a $50,000 house. you have a little bit of land.

It gives you $16,000 a year for the remaining 15. So that would be difficult. You can live pretty okay in Arkansas for $16,000 a year. It ain't great. But I know people who do it. It would be difficult. So 1,388. No more $900 a month fast food at that point.

At this point. Yeah, McDonald's becomes the treat at that point for sure. At this point. Yeah, yeah. But that's the home area play. So I'm rooting for you. Not because you're, a YouTuber, not because you're sitting across the table for me, not because of history or because

you're on the show, whatever. I'm rooting for you because you're a human being who exists on this planet. I'm rooting for you. I'm wishing you the best luck, man. I'll be honest that I am scared. Me too. Yeah. I really hope you follow some of the pointers we talked about today.

Oh, I'll tell you, the first thing I do is pay off these high interest debts. I never take out another one. Never. And I had no, and again, the thing I learned from you here today is how bad these were. I had no clue that they were as bad as they were. That's what I do. And, yeah, IRS and then more self-employment income or setting aside some money for taxes.

I don't think your tax bill is going to be extraordinary, but it'll probably be another two or three thousand this year. It should be reasonable. Potentially selling the house. Oh, geez. Yeah, really, it's an income question and what you're not just willing to do, but what you're able to do as well.

Yeah. Because of physical things and because of your background. And you're right, the internet search, that's the killer. That's the killer. The felony you conceal. The internet search is impossible. Never goes away. So just have to hopefully get hired by someone who doesn't know how to use the internet.

Well, the goal is to, and again, the headhunters I've talked to, the employers that I've talked to, it comes down to finding someone who doesn't care. And we talked about that when it comes to like people will hire felons and people hire whatever, right? We are second chance employers, right? Yes. And they look at this situation and you just got to find that one sympathetic person. That's why I've never given up on finding a job, right?

They keep telling me how impossible it is. Why did you only do 12 applications this year so far then? Everybody told me, wait to the felony is sealed. Okay, okay. Okay. Gotcha. Right? Like, imagine you apply for a place right now and the felony's on there.

And now they're aware of you and now you apply six months from now. They remember you're a felon, right? Let's do it in six months when the felony's gone and they never even have to know I was a felon, right? Now all we have to do is find somebody who can deal with my disability and can deal with the fact that they Google my name. they see a bunch of rumors. And that's the killer.

That's the killer. They're only rumors because they're not true, right? And you just got to find the person that understands that. So I don't lose hope that that person exists. Please don't lose hope. Please don't lose hope across this entire thing. That's going to be what drives you forward. Let's just do one more guess.

Just one more thing across all your investments, not the house, but all, everything else you own. Sure. You can survive. Nine months. Nine months and the party's over. And think about this positively, because this is how I'm thinking about it. Okay.

I get nine months to try to find a work groove that gets this income up that deals with my physical restraints, that deals with, you know, my mental health issues, that I can find the right groove to bring in this income before we have to sell the house. How many people walk in here that don't have a nine-month grace period? I'm so blessed to have a nine-month grace period. I'm so blessed to have a nine-month grace period to figure this one out.

Do you have any final thoughts, any final, any things? You know, I looked into what you were doing here, and you're clearly a very entertaining person, but at the end of the day, I learned a lot here today. Good. And I definitely think you're doing a very good thing for people here. You know, you're doing it in a very entertaining way. I'm just me. And I mean, you know, maybe we butted heads a little bit during this thing, and that's okay.

But I think what you're doing here is much needed. I think the system is designed to take advantage of people. And not to make myself to be a victim because I don't think it took advantage of me. I just made some bad voices, right? But I think there's a lot of people out there who don't have access to this knowledge, that don't have access to this information and what you're doing here really helps people like that. And I'm glad you do it, man. I'm really glad and I'm glad to be part of it.

I appreciate that. That's cool. I appreciate that. and we've gotten official, official knowledge now that Boogie did not buy a Tesla. I never did. Oh, for Mr. Boogie. If we can't afford to live and we're spending $900 a month eating out, it's zero. If we have IRS, the debt category is zero.

The emergency fund category, I'd love to give it higher because there's a decent amount of money, but it was all in crypto, volatile, endless stupid crypto. So two. Retirement? There's nothing. Zero. I'm not considering the crypto. And real estate, I'd like to give it higher,

but because he honestly just can't even afford the minimum payment right now, I have to give it a five. And that's going to be a hammer financial score, 1.5 out of 10. Make sure to check out all the resources linked in the description below, including the best budgeting program ever made. Thanks to all of our Patreon producers for making this episode possible.

If you want to participate in an episode of Financial Audit and you're able to make it to Austin, Texas, please fill out an application in 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 calebhammer.com.