Financial Audit - Choosing Mountain Dew Over His Future

Episode Date: August 10, 2023

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Hi, my name is Ron. I'm 33 from Nashville, Tennessee, and this is financial audit. So what do you do for a living in Nashville? I currently work at a call center. I work Monday through Friday there, 40 hours a week. I'm starting a second job soon. And then I do some like side business stuff. So some online stuff. Some things that didn't work out. But okay, what's the, what's the pay at the call center? It is $18. The new job. is variable. It's 18 1950

for working after 5 and then $20.20 and 50 cents for working weekends. So they do like pay differential or shift differential rather. Okay, we had payroll come in $3,603. Is that's not about right?

Yeah, that's about right. because some of that stuff is some of the side things I do online. What do you do on the side? I run D&D games online. Really? Yeah. Okay. And how much time is that on a weekly basis?

The games are about three hours a piece. Depending on how much I prep, it could be like an hour or two. But it's really not a ton. I can prep a lot in the meantime. And then if I get a couple groups that run the same module or whatever, it's really like not any prep at all. It's just kind of run it. Right.

So it looks like you probably brought in an extra, say, $600, $700 from that? Probably more like, yeah, probably $600. Okay. One game just ended, so that might not come back. Oh, no. How hard is it to get a new game? What do you do?

Are you like the DM? Yeah. Okay. And depending on like where I advertise it is, like currently the site I'm using is based on like reviews in an algorithm, so unless you hit the algorithm just right, it's kind of like, eh. But if it does hit your right, like last year I've made 10K from it. Speaking of that, that blessed algorithm you need, please hit the subscribe and like button.

It really helps this channel on. We're so close to 500,000 subscribers. The Blessed algorithm. Well, that's cool. So how many hours a week total do you think you're working? Definitely with the second job, I'll be working at least one day on the weekend. would probably be like 80 hour weeks. Like it's going to be.

Well, how long are the days on the weekend? So one day, well, do you, okay, after the call center job? I mean, do you sometimes work the same day? Right. Okay. Yeah. So it'll be five days a week for both jobs. And then one job will go one day on the weekend.

Very cool. So it's going to be. How did you get into that dungeon dragon job? That's kind of interesting. There's a lot of people that would want to do it. Yeah, basically I was just playing a game online, and then I was just learning how to run games better. And one of the people that I watch just randomly mentioned some website, and I looked on it, and I'm like, okay, does people actually get paid? And at first I was kind of skeptical, but I was like, might as well just try it, throw it out there.

If it doesn't work, then, I mean, there was no money to sign up for the site. So I was like, let's just try it, and it kind of took off. Sorry, I made a mistake by taking a drink in like 10 bobas one in my mouth. All right. So what is your financial situation? What are we looking at today? Well, it's the summary and then give yourself a score 0 out of 10. Summary is not great.

Like after taxes, it's just barely not covering bills stuff. And it's mostly because I recently got a cat. So it's been my expenses going up a little bit. I love to sleep with me. Meo. Greatest cat ever. But it is soon to be better. Once I start the second job in a couple weeks,

I mean, it'll be much better, but I would say now, two out of ten, three out of ten, something like that. Did you're working that second job already? Isn't some of this money that came in from it? No, that would be from the D&D games. What's the second job? I thought that's what we were talking about.

What's the second job? The second job is also call center stuff. it is just a little bit different. How many hours a week do you expect to be working with that one? Probably 40. Okay, so you're just going to be working, working, working. And clearly that's to get out of the mountains of debt. And it's a pretty thick thing.

Yep. It's a lot of stuff, a lot of stuff that I, you know. Why'd you get in a debt? Give us some background. Give us some context. So a lot of the debt came from early 20s being stupid, you know, moved out of my parents' house, got mixed up in the wrong people before I moved in, down to Nashville, lived in New Hampshire.

So a lot of the stuff you read online and see on TV and all that stuff about the drug problem is, like, real bad. So I basically, like, got into it with my parents, and I didn't really have a good, like, support group, I guess. And I just got mixed up in the wrong people, started doing drugs and stuff. With your parents? No, not with my parents. Oh, sorry. With the bad group of people. Okay.

And, you know, it just turned into going to the bar five times a week, you know, $100 nights routinely going to the bar. So it's just like. On credit cards? Yeah. At first it wasn't credit cards. I was just like, because I was living in a van as well. More by choice because, I mean, I was just like, why pay rent when I can just buy a van, throw a bed in it and boom, I'm done? That's much more fun when you're 25 than 30.

So, yeah, you know, I just got mixed up. up in the wrong people, you know, bars five times a week, $100 nights, paying for their drinks too, because I was just like, hey, this is my friends. Why not? Was this like just partying? We had control, or were there addiction issues? Yeah, I would say there was addiction issues. I, you know, the friends that I ended up partying with, they got into drugs, which got- drugs. A lot of weed, a lot of, like, at the time it was like cocaine. They went harder. stuff. I didn't. But it was a lot of stuff like that, like burning my paychecks on that.

And then when the paychecks ended up not running out, I, you know, just credit cards, burn it. I was not really feeling life, you know. How long was this? How long was this whole stint happening? Two, three years, something like that. It's a long time to just be blowing away everything and just living at the bar and drugs and everything. Yeah.

And it was one day I just kind of. of really just stopped like cold turkey too. One day I just kind of got home from the bar, missed my shift. I woke up at like noon. I was supposed to be there at like eight. And then my friend calls me and she's like, let's go out to the bar. Let's go party. And I'm just like, I'm so exhausted.

I'm so damn tired. And, you know, she was saying like, well, if you don't take me like where, like how am I going to get there? And then it sort of clicked with me that, oh, I'm just like a free Uber. And I don't like these people anyway. Like, why am I here? Like, what am I doing? And then, you know, from there, very shortly after COVID hit.

So we're all at home anyway. I started a new job, got out of retail. You know, a lot of stuff happened. But eventually I moved down to Nashville with more call center jobs, remote work, that sort of stuff. Were you able to successfully hold down a job during this entire period? Yeah. I worked at, like, chain pharmacies. Which is sort of ironic.

If you didn't have rent, I'm curious why were we, if it was. it was, you know, $100 a night, why were we sliding? Obviously, it stacks up. That is immense, but without rent, why were you sliding into debt? It was a lot of the $100 night started with, that's just the bar stuff. And then it's the other stuff, you know, marijuana and whatnot kind of built into it. And then a lot of, you know, restaurants, since I was living in a van, didn't have a kitchen. I could get, like, camp stuff and, like, boil water, have ramen.

But eventually that gets old. So I, you know, went to McDonald's, went to Chinese food, got pizza and, you know, whatnot. Because even if you, I mean, was it minimum wage, 725? No, it was 16. So I was making like, yeah, I was making $15, something like that. Eight hours a week, eight hours a day? Yeah. So like $128 a day.

Yeah. So it was like $30. So you basically spent all your money and then a little extra. Yeah. So where have we gone since then? money-wise or just in general? In general. So you escaped that life.

COVID hit. You started another job gone from there? Yeah. So I started a couple jobs through call centers, whatnot, remote work, whatnot. Eventually, they required vaccines, which I was working from home so it didn't make sense. So basically, I left that job, started some D&D stuff that carried me a little bit. But I eventually couldn't pay bills and stuff, looked for a job around here. Finally found one.

Moved to Nashville, which was expensive also. Just to get my stuff down here was five grand, or down there, rather. Really? Okay. Yeah, because I had to get the truck. I moved it all myself, but it was still like I needed people to move it because my parents were, you know, at the time I wasn't made up with them, so they weren't willing to help me move. You had a big following out with their parents? Yeah.

Why? Specifically, my dad. It's more, he's just a dickhead. Like he, not physically abusive, but he was very, like, emotionally abusive and manipulative. Sorry. So, yeah, it was a lot of that stuff.

Is the relationship better today? Are we still in that situation? Slightly better today. It's still not awesome. Like, I work remote. So I literally asked them, like, hey, can I just move back to fix that? And they were like, no.

And I'm like, okay. expensive. Yeah. Yeah. And it certainly has. It's not expensive like New Hampshire was. Like New Hampshire is still like stupid. Yeah.

So, but yeah, it's still, it's still pretty bad. Like my rent's almost 1250. And that's that's like low end, not a great neighborhood. I wish I knew that before moving in. Oh, no. Yeah. So I kind of looked at reviews of where stuff is. And it's like, oh, this is a good neighborhood.

This is not so good. apparently I got on the wrong side of that neighborhood, so I'm not in the great area, but it's still like that's the cheapest rent I could possibly get. All right, well, that's a lot of background. That gives us some understanding when we're diving into the situation. So I'm going to go through the desk first, and we'll hit your checking account and then anything else that might exist. Yep.

This first one's kind of a struggle because I actually can't see what the balance on this Discover card is. It's just, it's like a one-sheet wonder of nothing. And then the rest have information Because there's not very much in this Literally the balance is Oh this is this is recent This is like the past

This is a checking account No this is a credit card But I had to put a A car Situation on it I had to get like new tires new I had to get some stuff fixed A lot of stuff

2,797 Yep I mean depends the tires you can get I don't think you need you don't need like snow tires In Nashville or anything No it was four brand new tires though Yeah, some other stuff, some maintenance stuff that I've been putting off for like two years, because I just didn't have the money.

So what's the balance on this card? It is just over this. It's just about $3,000. Yeah. Dang, all right. So, like, the charges you see here, this, so it's probably not even $3,000, but the charges you see here is everything on the card. What's the minimum monthly payment on this thing?

Don't know. It hasn't hit. I would assume it's $50. bucks based on interest stuff. I'm going to guess it's more like 30. Sometimes they just want you to drag it out. It's probably like 25% interest, yeah? Something like that.

Okay. So, we need to talk about another thing that is happening here throughout this entire situation. You're trying to take out of debt. You're trying to do all this stuff. You have swapped your addiction for another addiction. Go ahead. Hold it off. Show the camera is obsessed with it. Yeah. Like every second of your life.

Yeah. Every time I see like a five, purchase from a gas station. I'm assuming it's that. Yep, pretty much. Right? Two a day. So on a card that we opened, right, for this car thing? Do you open it for this car? No, it's been open for several years. It's just

I had that debt paid off with one of the personal loans that you see in here. So you consolidated it with a personal loan. Yeah. And then I had to put the stupid car stuff. Then you put more money on it. And this is why we have emergency funds. Not having an emergency fund is an emergency

and that's why I go intense to get an emergency fund. But even though you put that on there, then we went to Dunkin' Donuts and we got three Mountain Dews. Yeah. Do you get anything else where you're there? Like a snack? Sometimes I get water, but no, not really.

Because, like, I mean, it adds up, dude. Do you get a single mountain dew? Because it's like five bucks. No. Six bucks. Two mountain dues. Okay, I was going to say. Two for four.

That's how they get you. Two for four bucks. That's how they get you. What? That doesn't sound appealing to me. That sounds like a terrible deal. But you save 50 cents when you buy it. Do you ever go to the grocery store and just get like a thousand pack from Costco?

That's true. I should probably do that. For like $10 more? I don't know. Whatever it is, I don't shop for it. Yeah. Probably cheaper, but I should probably just quit. That would be the best.

Probably. USAA. We have a new balance and this is where things are starting to stack up. $7,712.24. With a minimum monthly payment of $202, that's like death, with interest charge of $124.68, just within a month. Luckily, you did not, you put a little more towards it, and you did not spend anything on there, so this is okay.

But total interest loss is this year, so far, and we're not even fully halfway through the year, $631, gone, stolen, burned, killed. And let me guess, not even guess, I know for a fact of only one statement we went through we got six Mountain Dews there are some statements where it's

swimming in Mountain Dew the money that you put towards that just syrup of diabetes could be paying off the debt of death why are we choosing out to do that cope I don't know

it's just make myself feel better just Mountain Dews your feel better yeah I mean it's basically just swapping, you know, bad drug addiction with food addiction and Mountain Dew addiction and Amazon buy crap addiction and... Are you in therapy? No. Therapy.

You have health insurance? I do not. We'll talk about that. Yeah. With the second job, I mean, it's starting in a couple weeks so I could opt for it. But my original job, I didn't make enough money to even pay the bills. So I was figured if I get health insurance too, it'll just be that much worse. We can't pay the bills if we're spending hundreds of dollars on stupid...

Mountain Dew month. That could be your health insurance. Yeah. It would be healthier in general too. Yes.

We have you another USAAA card. Yep. USAA number two. Smaller bands, 367, much smaller bounds.

But we're still purchasing on here. You purchase half of what you put towards it in terms of payment with a minimum payment of $15

and let me guess you went and got Mountain Dew. With that card, maybe. one of the cards, I can't remember what it was. It was like business stuff for the, like, incorporation, but I can't remember if it was that card or not.

Yeah, it looks like it was just these three purchases on it. Yeah, but I don't know what the purchases were. Either way, interest, losing it, still spending money. Then we have a Costco card. Yep. Ooh, with minimum monthly payment of $199. Yeah, some of these minimum monthly payments are draining you. Yeah, this one I think is because I over,

over my credit limit, which is why it's so high. No, are you? Oh, credit limit of $750 and you have a freaking stupid... I think that... What the fuck, dude? No, seriously, what in the world? If you know you're over the credit limit, you just said that, why'd you put $185 of purchases on here?

Why possibly did you do that? That I don't know. It's just... You don't know? Probably stuff like gas, probably stuff like thought I needed stuff from the store, but it ended up being just BS, stupid, just junk. Dude.

And $14. $30. Sense of interest. It's ridiculous. Illegal Zoom. Yeah. That might have been the incorporation of like the D&D company. I probably just put it on the card instead of just being trash.

I'm curious about this D&D company. I just hope it pays off and that's a 30% interest. If I can find players, it will definitely pay. I mean, there's minimum payments of $20 to run the company in general. You're not losing any hours from your other jobs, right? Right. So it's okay to do that. I'm okay with that.

As long as if you're not taking away hours away that is using that money to pay off debt, if you're not taking away those hours in order to start up something, you know, that would be a lot of inherent risk, but you're not doing that. So we'll see. We need to get the whole situation together, but we'll see. Luckily, all online, but. What's your car? It is a Toyota Camry, 2010 or 12.

Okay. Miles? 130. You just put a lot of money into it. Yeah. You put almost, you put half as much money into it as your loan is worth on it. Yeah. So really, I mean, the car's loan just went up because of what you just did essentially in a way.

$5,438 is left. Yep. What's the interest right on this? I do not see it. 4.99. Okay. So that's probably the only good. part of my entire finances is the only good part of the entire finances the interest rate okay with a

minimum of payment of 170 how much longer until this is paid off what term did you take out and how long has it been it's been max amount of term like 72 months or whatever i got it start at 2020 so like right before the pandemic hit i started that job sold the van got a car moved into a apartment goodness this personal load dude so this was to consolidate a card uh it was uh it was a consolidation of two or three cards, a card, and then, yeah, and then the

rest of the loan balance of the van that I had went on this. Jeez, dude. Do you saw that van? No, it's gone. I sold it. $18,173 at a 15% interest rate.

Death, absolute death, with a $584 $18. Minut monthly payments, these minimum monthly payments are going to kill you. Are those all your debts? I have student loans. Oh, fuck. Currently deferred.

What did you go to school for? Business. Did you graduate? Yeah. From where? Southern New Hampshire University. Okay. Cool.

How much in federal student loans? 30,000. I'm going to look right now. But those are going to resume in like two months. Yep. That was my big reason of getting a second job is because I was just listening to your show. And they're like, oh, student loans are going to come back. And I thought, oh, I thought they were going to forgive those.

We should probably do something about this. They're going to be about 4 to 6 percent interest rate depending on the subsidized and subsidized versions of that, probably a 375 minimum multi-payment. Root. It is. Root. 38,000, 8,89. 38,000? Yep.

Dude, that's completely different. It's going to be about a... $475 minimum of multi-payments, my best guess. Dude, that's just throwing more into this. Anything else, please. Not that I remember. Student loan, personal loan, auto loan, and then credit cards. And that pretty much covers what you see.

That's all. Only that. Yep. So we have debt minimum payment to $1,645, meaning basically half the money that comes in from your primary job. Half the money that comes in is going to minimum wage payments more than half. Luckily, you have those other side hustles, but end me now. Yep, getting bailed out by parents as well, well, well,

good relationship with her is still bad with dad. She married with dad still? Yep. They're like diametrically opposed people, but she wants to help me. I mean, she makes $200K. She's like, I could literally give you the money to pay all this off, but my dad doesn't want to,

so we're kind of in the window. I don't want anyone to be enabled either. I don't know the entire situation, but we will come back to that subject. Okay. So it looks like you spent about $400 on Mountain Dew. Oh, wait, well, we haven't even gotten to the checking account. So spoiler, spoiler, spoiler.

But the minimum monthly payments were crazy. crazy dude. Absolutely crazy. Yep. And the interest that's agreeing on a minimum monthly basis, also just crazy, hundreds of dollars. I feel bad. Sucks. I'm glad you got out of addiction. Have you fallen back into any drug, alcohol

habits? Well, alcohol, it's still yes, but I don't go out anymore. I buy it from the store. Do you feel you have any addictions with that? No. Okay, so it's just like... Yeah, free time, bored. Okay. So, that's always been fine. It's the other stuff. We got to get you into therapy.

You replaced the light powder with the green liquid of diabetes. So, do you have diabetes? No, not that I know of. We'll be careful. Yeah, that's on the way. I haven't been to a doctor in like five years. Well, you can also just, are you afraid of being pricked? No, not really.

We're going to check your blood sugar. Okay. Okay. So, you started with 26 freaking dollars. in your checking account. Like, burn the world down. That's, can't survive off of that. I'm glad we were able to minimize

what went out and we ended with 1,245. I assume a lot of that goes to your mom, though. Yeah, we will see. Either way, what are we doing in here? Laundry, that's okay. You spend a lot on it, but if that's what you have to do for your complex, totally good.

Obviously, we need that sense is what we're going to cut back on. Hopefully we can move into a place with the dedicated unit, but obviously that'll probably come with more cost. So either way, that's okay. Excuse that. Don't excuse two Mountain Dews,

two Mountain Dews, PayPal and out for something. $35.66. Two Mountain Dews, two Mountain Dews, two Mountain Dews, Dunkin' Donuts. Wash and Holds. Is that more laundry? Yes. And we're good with that. Dunkin' Donuts. That's a pet things, but it's reasonably. Obviously, if you have a pet,

should take care of it. Should never get into a pet situation. If you can't financially, I don't know. But we'll figure that out. Two Mountain Dews. Team Mobile It's quite expensive for Team Mobile. So I'm assuming that phone is finance that you have. Yes, my other phone. Anything else is financed to them?

Like a watch or an iPad or any of that? Death? Okay. No. So I was running my D&D games literally through my phone, which is the only reason I bought it, but through the internet. Two my own do's, two my own dues, two my own dues, two my own doze, two my own do's, Cloak and Dagger's L funding.

Yes. What is this? That was for Cloak and Deggers is the business that I opened. That's the name of it for the Dugger's. D&D stuff. The funding is a bank account that I opened dedicated for the business. To put a hundred bucks in that? Yep.

Just close that. Okay. It is a business check-in, right? Yes. Okay. And you formed an LLC around this thing. Yeah. That's what you did.

Okay. Two Mountain Dews. Two Mountain Dews. Two Mountain Dews. Two Mountain Dews. Duncan Donut. Amazon. I bet a lot of these Walmarts were buying Mountain Dews, too.

Or only gas stations. It was only the gas station. I don't buy Mountain Dew at Walmart. But that makes more. cents financially, but either way. Two mountain dues, two mountain do's with drawing $20 from 18. m. Who knows where that went. Two mountain dues, Amazon.

Two mountain dues. Duncan donuts, Dunkin' Donuts, Dunkin' Donuts. Domino's, Amazon, Amazon, Amazon. And then what is this? You paid Fiverr, someone on Fiber for something, 6330. Mm-hmm. What? It was my chronic side hustle things.

I just like, while I'm working, I have people on Fiverr, five or just do stuff and then do what make logos make stuff like that like you can't make logos i could i'm just not if you can you should yeah i can't so i would outsource okay yeah it's but you can't really afford it you're putting money into the business not getting money from it more lending club five hundred eighty four dollars yeah that's a business account no that was uh this usa isn't the business account this is just my regular checking no i know but that went into the business account? No, that was for just the loan. That was the loan payment. Oh, that's her personal loan, isn't it? Yeah. That's right. Okay. And two Mountain Dews and Amazon, two Mountain Dues,

two Mountain Dues, two Mountain Dues, two Mountain Dues. Oh, I missed this page while I was going through it. Two Mountain Dues. Two Mountain Dues. Duncan Dones. Two Mountain Dues. Two Mountain Dunez, two Mountain Duktonuts, Duncan Donuts, Dundits, paying for Mid-Journey. And Amazon, Amazon. Yeah, the Animal Hospital. I mean that. I get it. I get it. We take care of them. This is very expensive in your situation. Yeah. And two Mountain Dews, Amazon. Pay pound out 40 bucks. I don't know where that one.

Two Mountain Dews and Wendy's. That's insane, dude. That's insane. That's f*** up. That is so bad. Yeah. Let's pause real quick. We're going to test your blood sugar. Okay. All right. And yes, my shorts don't match. comfy. I feel that. So it's going to be like a post-fine.

hour type thing is you haven't eaten in a bit. You have a drink. So what you're going to do, I'm not going to prick your finger because I'll probably pass out. But I don't have diabetes, by the way. I just have like all medical equipment possible because I'm afraid of something going bad. I'm one of those people. Are you a hypochondriac? Is that what it's called?

Maybe. So you want to prick yourself, give yourself a little prick on like a thumb. I'll get you a band-aid as well. And then you just want to put the blood on here. Don't touch it until you get the blood, like dip this into the blood. the blood. Okay. You can prick it by pulling,

just twist this. Oh, well, here's your, well, you can just pull the needle out. I'm going to look away so I don't pass out. Are you not a needle person? Oh, I hate needles. It kills me. If I can get anything.

Well, you do this, I'm going to go get a Band-Aid. It could be more blood. Kind of like a drop. There you go. You got to get a full dropage. Wake yourself off with this and then put this band-aid on.

You got it. I want to see nothing. 153. I'll keep it under the table. I am, first of all, not even close to a medical expert, but giving medical advice. Yeah. From what I've read, though, I don't think your diabetes are pre-diabetes,

but that is liquid diabetes, and I would be careful. So on your left arm, go ahead and pull up your arm. Dr. Hammer is in session. Nice and through and straighten your arm and keep it flat. Good. And just relax. Sit it like this. Did your arm out like this?

Should be cool. Does it feel tight? No. Are you nervous? A little bit. Might be because you're nervous, but your blood pressure is definitely elevated. Yeah. Should be 120 over 80. Then your heart beats at 1.

Or 122, which makes me think you're a bit nervous. But I'd be careful. All that mom would do, that's a, all I'm saying is that is not good to put into you. And I know I am overweight. But, um, so. I'm like preaching to the choir, but, you know. Yeah. And I know it's bad for me.

It's one of those things that it's like every time I go in there, it's just like on it, there's 77 grams of sugar. And I know that I could probably recite this whole damn label to you. Yeah. 200 calories. Is that what I just read? 210. 90 calories. 90 for this one.

Yes. So every time I know that going in, but it's just like. How many do you drink a day? Roughly two. If it's a bad day, I will go and get more. calories out of your 2 to 2,500 calories goes to a liquid. Yep.

Yeah. And it's just like, I know it's bad for me. Like, logically I know, but it's just like, it's just BS cope. It's just like when people go to the mall and just retail therapy, it just has my therapy is just. Yeah. Dunkin' Donuts and Mountain Dew. Yeah, that Duncan, that's another thing.

That's another thing. They're not donuts. They're breakfast food. But still, it's still like expensive. It's expensive. It's also usually not. the healthiest anyway. Yeah.

So let's talk budget. Okay. We have your rent at $12,500, right? It's $1233. Okay. 1,233. That's right. We have your phone bill at 119, rounded.

Yeah. And what is utilities, internet. So this is gas, electric, water, sewage, internet, trash. Usually a lot of that is covered by the apartment, but what is that all combined? Yeah. So the waters is covered. But everything combined, roughly internet utilities would be 175-ish, probably higher in the summer, because I like it cold. Being New Hampshire, but the heat kind of kills me.

I do that down here. And what about your gas? Work from homes and not a lot. Probably 200, 175, something like that. I'll call it 175. Okay. Because you're going to limit. health insurance you don't do

can I take a look at that yeah what is this I read the wife to watching one of your videos about just giving myself 300 for food and you know 100 for utilities how's that been gone um it still made me go over my budget

so I you know kind of had a small coping with food and stuff but it's still like it's you know after this trip I'm gonna like hammer it hard and like see a therapist, you know, stop coping with other

substances and just like go hard on this, but... You use Nintendo Online? Yes. Okay, I'll allow it. It's only three bucks. But all other subscription, Netflix, and all that crap, let's cancel it, yeah? Yep, I don't have any of that. These two are subscription, but they're business stuff that I need to put

into my... Yeah. I'm good with that. Okay. And then, yes, we'll give you $300 for food. Groceries. And we'll give you for toll paper and other household items and soaps and all that good stuff and hair products and deodor and all this stuff, 100 bucks. Okay. We're going off brand.

We're going cheap. We're going cheap. We're going cheap. And then we also have minimum monthly payments of 1,645. It's about to be that because the students are going to start up like immediately throughout this whole process anyway. So there's no point of not including it. Your net wages is lower than we had. Um, I think some of the stuff,

$1,000. Yeah, think some of the stuff that you saw was help from mom. Oh, no. Okay, so we're reducing you because this is a more accurate number, right? Yes. This, this is specifically what my paychecks are averaged on another one of these sheets or whatever. On a monthly basis? Yep.

So, $2,600. Yep. Yes. Okay. Oh, we need to talk about that mom help. Okay. Yep. Um.

Second job, man. That's got a, I hope so, dude. Sooner than. It's guaranteed. It's already happening? Yeah. Okay. Yeah, I signed all the paper.

I'm doing the pre-employment stuff. Good. Okay. Let's see where this adds up now and see what we can fit in for different things. And if anybody wants to learn how to play D&D, I'll show you. I trust you as my dungeon master. I haven't played in a very long time, but. Yeah.

I usually get a little, I always just like zoned out after a while. Yeah. But that's why I keep my games to like a very tight two and a half to three and a half hours because after that people fade out. People do like marathon six hour sessions and it's like there's no way unless you're like one of the professional D&D shows people after. Yeah. Yeah.

They're gone. They're done. That's nice. I'll tell you what's not nice though. The fact that there's a thousand dollars difference between what you bring in and there's a thousand hour, two hundred dollar difference between what you bring in and what's going out in a completely tight down budget. tight down budget, you know,

buckling everything down, $3,844 on a minimum monthly basis. We can't do that. You're not going to survive. This is a be in debt for the rest of your life situation. Tell me how much money extra is going to come in on a monthly basis from your second job, which good for picking that up. Good job.

Yeah, I mean, it's going to be another 40 hours a week at a similar pay, so it'll be slightly more than that. Another 40? Yeah. And you think you're going to be able to, sustain yourself? Probably not, but if I do it for two, three months, I kill out some of this debt and my initial job would be better. But I mean, if I can do some of that, do some of the D&D stuff, you know, I think I could get to a point even with one job, although I'd prefer to do

two for at least a year just to kill this. I'm going to bring you to about $5,000 for income then. Okay. And the only reason I'm doing that, usually I don't do hypothetical, but you've signed the contract, you're doing it, and you're ready to go. So I'll give you that. Tell me about this help from your mom. What's happening? So, I mean, my mom, like, understands the situation because my brother had addiction stuff happened too before me, which is just, you know, terrible. I'm sorry. My dad probably is, like, an alcohol, you know, with addiction, but it's just one of those things that she, she knows she understands, but my dad is just very, like, I guess he's doing the right thing and not enabling

everything. Sure. But, you know, with my mom, she feels bad because my brother went through it. Oh, was he addicted to? Yeah. What was he addicted to? Similar. Okay. Like, he stayed with more of the marijuana and not the other stuff, but he did get both. And then, you know, it's just my feeling now, like, after all of this, like, after watching your videos and then doing this budget, which honestly made me cry after seeing it, it's just like, I'm asking my mom for so much damn money.

And it's just like, yeah, she basically paid my rent like every month. And it's just like. 33. Yeah, and she, you know, she makes enough money. She makes 200 gay. So she can deal with it and she gets pension from the military. Like her bill, she's fine. But a mother at 33.

Yeah, it's just like that makes me feel, you know, after all the addiction stuff, still now less of a man. I can't even take care of myself and I'm in my 30s, right? And then on top of that, it's just like she could be investing this stuff. She could have, you know, fun vacation stuff here. even then, like, thinking even more down the line, I'm essentially stealing from my brother, because when my parents both go,

he's going to get half, but I'm taking huge portions of it now. So it's just like, after moving to Nashville, getting my life together, you know, trying to actually go back to church. I haven't been to church in like 20 years. I'm just thinking about some of this stuff, and it's like, it's not fair to my mom.

It's not fair to my brother. Like, I want to, like, actually fix some of this stuff. And like, your assessment of yourself is 100% correct. I don't have to, usually I have to dig in on people because they need a wake-up call. They just do not know the full extent of their situation. They're like, yeah, it's not good, but it's not that bad either. I mean, you know your situation. That is exactly how I would say it.

Right now, in the most brutal way possible, yes, your life is shaping out where right now you are on the road to just being a failure. but you have done the right thing of getting the second job, building out your budget, coming on this show, dude, I'm incredibly proud of you. Everyone out there is probably incredibly proud of you. You are doing what's necessary. You've acknowledged your past.

You're starting to overcome things. We need some more things to overcome. Cough, cough, cough, my own dude. But, and maybe utilize that degree for a better 40-hour paying job. Yeah. But that's an issue of mine, too. I don't know how to look for a job. Like, I've tried to apply for, you know,

real jobs out of school. Like, you know, the ones that pay 50, 60 starting out or whatever, I just never hear back, never get called from anybody. Like, I don't know if I get lost in my resume is just not great and get lost in like the applicant tracking system stuff. Yeah. I just, I don't know what to do. Like, I know I can get a better job, not an $18 an hour job, but it's just, it's not

there. Like, you know, I'm starting the second job now because I even got passed over for a promotion at my current job. who my boss knows I have a business. What do you want to do? Honestly, like, the end goal is to start a business. Okay. But it's just like, I'm with the mountain of paper.

I'm obviously not going to do that in the next five years. Well, you've also, your resume probably is incredibly strong just based on your job experience. You've been doing jobs, but it just hasn't been like, you know, the best to translate into the jobs you'd probably want to do. That would be more money for the 40 hours a week. One thing you can always do is look at different, certification programs. So, I mean, you know I, you've probably watched my videos. You know that I work with course careers and they're really good.

That's for a few tech jobs. If you want something outside of that, there's other programs. So that might be something worth considering. But I do. So though I want you to potentially get a better paying job or have a successful business, it's fantastic. Right now I am glad you're at least buckling down doing the 80, 90 hour a week to just kick. Because we have to.

even with your $5,000 a month. It's given us an extra, we'll just, I mean, it is a bit of a guessing game, but a thousand one hundred hours extra, essentially. Yeah. And what I would do from here,

two of these credit cards are very, what's your credit score? Actually, I don't know. I think it's like six, in the six somethings, but, okay. I mean,

at one point, I had a seven, seven, credit score. 6.50. Yeah. Okay. Cool.

$6.50 on one, 720 on another. That's because I'm named after my dad and he has some good credit. So that's probably why the car is so low. It's because of that. They probably pulled that report. Well, this is what I would do. The Discover, USAA 1, USAA 2, Costco card,

I'm going to try to consolidate that into a credit card consolidation. Either we're opening another credit card with a 0% interest and we're doing transfer. pay the transfer fee, well, which will go out in the card, and then we pay it off as aggressively as possible. I'd rather you do that, or we possibly consolidate them into a personal loan. And that's because the 15% is still beating the 30% interest. Yeah. So your minimum monthly payments are just so insane on two of them being one of the USAAs and

the Costco card that if we can just get this under one belt. Yeah. And make the minimum monthly payment a little more manageable, especially if it's a 0% interest, credit card, then we're starting on the right track. What I don't want you to do and why certain people like Dave Ramsey are against re-onizing, I don't want you to get all this together,

refinance, and then think you made progress and let off the pedal. Yeah. Like we've still got to go crazy. Yeah. Or run off the credit cards again. We still got to go crazy to then pay off that debt.

We're just trying to save you some money on the interest rates. So I think we do that. We bundle at least the big USA and the kind of, Costco card into something else. So we'll call that, if you can do it all, that'd be fantastic. Yeah, because the Costco one, the minimum balance is so high is because I'm over the limit.

I know. To get down. So it'll be lower than that one, and that's happened. That's true. So let's consolidate them into about $12,000 after transfer fee and stuff. I think that would be really good. That's a play. If it's not, then do them.

We pay the Costco card until it's under the limit, and then we do just the smallest, largest, which will be the second USA, then the Costco card, and then the Discover card, and then the Visa. Try to consolidate it to them if you can. Then that brings it to $12,000. Then we have a personal loan.

We have the student loans, and we have the car loan. Hate this, but the car, especially since you put money into it, should last for a bit. Yeah. With what the car is. That car has to last me, no, 10 years, probably. Hopefully. Do you say it has to, or it will?

It probably will because it's a Toyota. Yeah, but you just put a lot of money into it. Yeah, I would rather. it lasts me, you know, at least until 2030. That'll be 20 years for a car life, so. I think we're minimum monthly payment until that's paid off. And then what we're attacking, do you have anything in savings? No, I have some stuff that I had put into Bitcoin at one point, but it's like a thousand bucks.

Okay, pull that out immediately. We're putting that into a high-ield savings account. And then this extra $1,100 that you have, so $1,000, $2,000, $2,000,000, for another three months, we're saving up that $1,100, essentially, two and a half months, so that we can get to about $4,000-ish dollars, $3,800. When you get to $3,800 in a high-hield savings, we're going to leave it there. For emergency fund. It covers you for a month, all your expenses for a month, in case you need to,

just something bad happens, and you need to figure everything out and scramble. So that covers you for a month. You don't touch that unless you absolutely have to, for any reason. from there, so we're two and a half months in, $1,100 a month starts getting thrown at the new consolidation loan that you will have taken up the $12,000. That'll take you about 11 months to pay off.

Of course, unfortunately, the other person alone will still be accruing interest in charge during that time. That'll take you 11 months to pay off. So now we're about 14 months into the park into this situation. Just given a little wiggle room. Let's consider the rest of this month, the half month. Okay.

So 14 months in, then we're probably going to have about, unfortunately, because of interest and what's going towards the principal on the personal loan, 16,000, we'll say 15,000 hours left on that personal loan. And then minimum monthly payments will be less because of those credit cards being gone. So we are going to say there's 1,500 you can throw it on a monthly basis. With that, you have another 10 months. So 14 or 24 months of doing this. Now your student loans, what we're going to do is anything that's above 4%

we're paying off aggressively. Let's say it's half of that 38,000. But those are definitely lasting. Just because we're going to go smallest, the largest on this, and the interest rates are less anyway. Okay. Say half are above that 4%. Hopefully.

So 19,000. And then again, now you're going to have about $2,000 to throw out this on a monthly basis. That'll take you about 10 months. So. Two and a half, three years. Solid three years to get out of the bad debt. Then you have your car. The car will be close to being paid off anyway at that point.

And then student loans, anything that's below 4%. We're doing minimum monthly payment so they're paid off. Okay. As long as you are investing the rest. If you're putting the rest towards it that you would put towards it, towards BS, towards the mountain due, we're not doing it. Okay.

We're not doing it. But if I put it like investing... Then we're good. Okay. But at that point, we're still going crazy for a little bit. We're probably going to save up for another five months to get a fully funded emergency phone,

whatever that equals out to. With the debt payments, with where you're at, we're going to just call it without the debt payments at that point. $15,000. Save up to $15,000 as soon as you can. It might add an extra year.

Okay. So four years, all your debts are gone. Fully funded emergency fund, 37 years old, and you have your entire life ahead of you, and it would be incredible. It would be great. It would be the most amazing life. So good.

Now, I want to stretch this from four years to five years because I'm also going to add a couple hundred bucks a month towards therapy. Okay. You can take advantage of look at the local resources in your area, see what we can get low cost, which can get virtually. stuff like that. I would recommend also getting health insurance.

I mean, that's going to start adding money, and that's going to probably take it like five to six years at this point, because you'll need that in general. You want to take care of yourself. There's no point of correcting all of this and living the rest of the life

if the rest of your life is unhealthy and you just can't live it anyway. Right. So we're taking care of ourselves through health care and mental health so you can get through this. And then, you know, I, it's up to you.

your mom, your relationship. If she wants to help anything, that's up to her. As long as it's not enabling you, I'm good with it as well because it's her money. It's up to her to do with what she wants. So that's fine as well. If she helps cover the therapy or whatever, but don't ask for anything.

Just maybe have a conversation like, hey, I was on the show, watch the episode because everyone should share them. And, you know, I'm going through this situation and this is where we're at. It might just be good to keep her informed is your mom anyway. So either way, at that point, you're probably going to do 50% on needs,

35% on investing because you need to play drastic catch up at that point. Yep. For, you know, until you're about 70. Yeah. You'll be able to retire then, hopefully. You should if you throw about 35% towards it, and then another 15% will go towards fun. Okay.

And you can have more fun if you cut down on our needs. Well, minimum 35% of your net is going towards investing. Okay. So that's my plan for you. It's a brutal one. Yeah. But we've lived. It's going to be hard, but it's because of the life you've lived, and that's fine.

We've accepted personal responsibility. Now we are doing the actions around that to make sure the rest of your life is absolutely fantastic, of which it will be if you take care of yourself financially and mental health. Yeah. And physical health as well. No more liquid diabetes. Yep. I'm sure if I go to therapy, that would just be gone anyway because I'd feel better.

so just mentally. Maybe, I mean, you definitely have a caffeine addiction at this point. Yeah. Tees are good. You don't have to get a sugary crap like this. I'd wanted to try it today. That's probably just as bad as that I'm doing it from being honest. But coffees and stuff that you can brew at home.

Find what you like. It's fine. And I'm totally cool with drinking pop in general. Yeah. As long as it's, you know, well mitigated and within a budget. But right now you just can't afford it and it's bad for you the way you're doing it. Yeah. Because that 300 calories, I mean.

Yeah. Death. Yeah. So that's what I think. It's a brutal one, but I think you have the ability to overcome all of this and live a good life. I would love to know your thoughts on all this. Will you actually follow what I laid down? Because that's hard to do this for six, seven years, depending on how hard you go.

Yeah. And I certainly will, like, with all things, like, I will do my best. But if I fall off, it's probably going to happen in six years' time, fall off the wagon. with what the plan is, but I will, yeah, I will do that. Once I get into therapy, I'm sure all that stuff will help as well, because I won't be coping so much. It's not a magical fix, but, yeah. Yeah, I just won't be coping as much buying Mountain Dew or crap on Amazon or whatever.

So I think, you know, that alone will pay for itself. Find things that you enjoy cooking that make you excited, like getting the Dunkin. Yeah. Definitely. Maybe at some point we save up a Seltzer machine and you Seltzer. or some things, so you get that fizzy deliciousness, but in a much cheaper option. Yep, definitely.

Definitely, definitely. Any final thoughts? You know, thanks for having me out. And if anybody wants to help me with this debt situation, you know, I do run D&D games. So if you ever wanted to learn D&D, I can gladly show you guys. You have a website link or anything?

I do. It's through a site that I use. So I can definitely give that to you guys or email it to you. It'll be in the link in the description below. Yep. And if not, I'll put it down there. So, yeah. So if you want to ever learn D&D, come on down and I can help you guys out.

And, you know, thanks for having me on. Very cool. For Ron, that's an incredibly difficult situation. It's going to be such a grind going forward. But I think he can get out of this if he really buckles on. So it's going to take a long time. And I hope he doesn't give up as that process continues. But, you know, coming from a lot of trauma in his life, a lot of addiction, everything like that,

I really hope he's able to improve and live in amazing multiple decades. rest of his life. For his hammer financial score, it's going to be really low right now, but it's going to improve if he follows this plan. For his spending, I mean, even his very buckled down monthly budget, he's still well over his budget. So zero out of ten, his debt, he's not in collections or owing IRS anything, but it's still pretty terrible. One out of ten. Retirement, nothing zero out of ten. Real estate, not even a part of the conversation, zero out of ten. So Hammer financial score, zero out of ten, but I really believe he's going to increase that in have a better life and he's a good guy so uh give some love to his d and d and don't forget if you

want a free five dollars sign up for acorns using the link in the description below you get a free five dollars i get a free five dollars we all win and don't forget to follow my instagram and twitter thanks u sAA knows dynamic duos can save the day like superheroes and sidekicks or auto and home insurance with usaaa you can bundle your auto and home and save up to 10% tap the banner to learn more and get a quote at usaa dot com slash bundle restrictions apply Thank you.