Financial Audit - Disgusting Degenerate Steals $40,000 From Everyone | Financial Audit

Episode Date: August 30, 2024

LAST CHANCE to join my FREE 5-Day Financial Refresh Challenge and get your finances to the next level—no matter where you're at now! (Limited spots available) https://calebhammer.com/challenge/ That's right... Dirty Money is BACK, with new and old designs ;) https://shop.calebhammer.com/ only available through the end of this month ▶LIMITED TIME: 1) The best budgeting program online: https://calebhammer.com/budget 2) Get all the tools you need to reach financial freedom. Bundle my budgeting program + investing program for 15% off: https://calebhammer.com/bundle ▶Financial Audit Post Show, bonus Financial Audit, Member Streams, and Crewcast: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join _______________________ ▶Resources I use/would use (with discounts/sign-up bonuses): 1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: https://creator.sofi.com/c/5535481/2068695/19219?adcampaignid=bank&adnetwork=brand *affiliate link 2) Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 3) Click this link https://j.moomoo.com/Caleb to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 5.1% on uninvested cash + an additional 3% APY Coupon for 3 months for new users!! Terms & Conditions Apply 4.) CourseCareers: Land a high-paying job with no experience or degree by going through an affordable online course: https://coursecareers.com/a/calebhammer 5) The credit building debit card: First 100,000 people to sign up for Fizz with code: HAMMER10 get $10: https://www.joinfizz.com/caleb (paid ad) 6) Helium Mobile: save a ton on your phone bill, sign up and get 30 days of FREE trial when using promo code CALEB https://hellohelium.com/ 7) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer Learn more about your ad choices. Visit megaphone.fm/adchoices

Paraday presents, in the red corner, the undisputed, undefeated weed whacker guys. Champion of hurling grass and pollen everywhere. And in the blue corner, the challenger, extra strength, Padaday! Eye drops that work all day to prevent the release of histamines that cause itchy allergy eyes. And the winner, by knockout, is Padaday. Padaday, bring it on. episodes of Financial Audit a week earlier, check us out on YouTube. You're taking out of you for a look, right? Yeah. I needed a little extra.

You know, if we went back to time and we looked there, okay, maybe things were tighter, and maybe you couldn't have fully made your payments. But I don't know. Based on your spending, I don't believe that for a single second. I like also treating myself. I'm going to... It hopes I also want to die. Hi, my name's Sierra. I'm 27. I'm based out of Austin, Texas, and this is financial audit. Welcome on the show. So what do you do for a living here in Austin? I'm an account's payable clerk. Okay. And what do we make? Like 20 an hour. So is that like what 40? 40 a year. How do you feel living on Austin and that?

Not great. Yeah. Austin's kind of a higher cost of living place to live. You get 40 hours a week? Yeah. Yeah. Sometimes I try to do overtime though. You get paid time off? Not yet. I'm temp. No. Really? Okay. How long have you been in this job? About two months. Next month is my final month. Oh. Yeah. Next month is your final month?

Yeah. And then what? And then I'm permanent. Oh. Yeah, I've already had that conversation. Oh, okay. It's official. Yeah.

Permanent at what wage? Still 20. Okay. Is this what you want to be doing? I do like it. I like it a lot, actually. 20 is not absolutely, you know, horrific or anything. You know, definitely depends on the household situation.

Depends on debt. It depends on the place you're living in. Okay. Now, what do you think came in through payroll in this last month? Oof. Not much because I was... That's not a number. Okay.

So I'm going to say 3,000, maybe. Maybe a little less. 2,600. I'm going to say. 2,235. Oh. Does that sound normal? Yeah, that kind of sounds about normal.

Now, there is an ECH deposit of 602 in. Where'd that come from? I think. It was from my 401K. Yeah. Sorry. What from your 401k? You're taken out of your 401k?

Yeah. I needed a little extra. That is the last thing I would be smiling about in this entire world, my dude. Yeah. You're taken from your 401k? It's not my first time. It's not the first time. I'm sorry, Caleb.

Don't be sorry to me. This isn't about me. I don't, who gives a fuck about me? This is your literal retirement. How much of you withdrawn from your 401K? Total. So within the past year, maybe like 3K, half of it was to pay for my car.

But you have a 10% withdrawal. And over this last year, I mean, when you started contributing in general, other than these last couple weeks, the markets have spent up, up, up, up, meaning you are paying capital gains, sometimes short-term capital gains on some of these.

Yeah. So you're just getting fucked. Yeah, I know I fucked myself a little. And this is the best decade of your life for compound growth setting yourself up for retirement. Fuck me. How much did you withdraw, 5,000? No, 3,000. Okay.

So I'm going to open up Moomoo. It's where I invest my money is the brokerage I use personally. I'm going to put that $3,000 in the S&P 500 for the next me, 43 years. years, no, 32 years, to 69.5, 59 and a half when you can withdraw that money, penalty free. Okay. That $3,000 was worth $72,628. And what did you take it out for? So it was to put a down payment on my car because I didn't get the insurance money from the Hale Storm.

Insurance money from the hell. So, okay, so hail f***ed it? Hale ficked my first car. And it made it undrivable? It didn't make it undrivable. What am I getting into right now? Okay, so what? What did the hail do?

It damaged every single panel of my car of my Nissan Ultima. And it also... The sake number one, Nissan Ultima. Yeah, I heated it. Okay. It had a sunroof too, so it blew it in. Okay, so you would have had to replace glass. Yeah, yeah.

But other than that, it was just denting things, but nothing internal got messed up? It was already kind of a fucked up car. How? Like, it was running rough, like really rough. How? It, I don't know, it just sounded rough. I'm sorry. Don't apologize to me.

Okay. This isn't about me. Okay. But you didn't take it to a mechanic and have a mechanic say that, well, this car is rough. No. I'm gonna fuck die. Okay. It helps.

I also want to die. Just jokes. I promise. I promise. So you got to, you put it down payment on a new car? Yeah. I've seen this car loan.

This car loan is not good. No. So you've, now you're taking, oh, fuck. So that ACH inside bringing in was from your 401k.

Are you still taking more? Well, what's your 401k at now? Like 300. Yeah. Oh. So literally. literally you've drained it down to like one more withdrawal possible and then that's like it.

Yeah. And then what was your plan after that? Well, I was going to start contributing once I get like the permanent position because they offer for a one pay. Yeah, but what changes? You're making the same amount of hours, same amount of pay. So what the fuck was going to be different? I guess I was going to try to also get a second job.

Why aren't you getting a second job today? I actually have an interview tomorrow. For what? for a barista position at Starbucks. Great. Absolutely wonderful. Fantastic. Yeah.

Okay. So you think it's an income problem? It is. I think it's an income problem because when I did get my car, I was making a little bit more. Why are you making less today? Because I left due to health reasons. What? Like I was, I have an autoimmune disorder.

And yeah, and it's really, really bad. And it started really affecting my health. And it was a physically draining. And you're about to be able to work two jobs now? I can do one of my jobs I just pretty much sit at a desk all day. The other job would get me. What was the other job? My previous job was I was a production associate at down the road or in Tesla.

Oh, okay. Yeah. Yeah. Okay. So you just couldn't be on your feet. Couldn't be doing all the manual labor? Yeah. It was a lot over time because I didn't, I developed my autoimmune while I was working.

What are the symptoms? Like I get really fatigued. Like standing along hours. Has this been clinically diagnosed? Yes. Yeah. Okay. Unlike your mechanic thing that you didn't do, I can actually listen to this one.

Yes. Yeah. And I was underbody and the cars were above us. So a lot of the times I had to keep my arms up majority of the time and I would get really like nauseous. I'd get fatigued and I'd feel like. Okay. So you went and found a job that worked for you. Yeah.

Now Starbucks is going to be very much on the feet, not as manual as obviously car manufacturing. Sure. I used to work at Starbucks. Yeah, but you've developed the autoimmune disease. Yeah. Yeah. So you didn't have that. No.

Or at least it's extremely when you initially worked at Starbucks. Yeah. So what's different now? Well, I would be only working like a few hours a week, like maybe like four days a week. Okay. So you think income is your biggest problem. Yeah. And also, no, well, it's my spending.

It's my spending. Oh, how much did you spend in this most recent month? Ooh, I'm going to guess probably 2000. Is that? Is that right? I'm, I, $3,800. $3,000.

How do you even not know this? How do people not know this? This will forever blow my mind, forever blow my mind. Because you have decided in your life right now that income is your problem. You've decided that. In order to decide that if I were to go, if I were to go decide that income is my problem, because I can't keep up with expenses. I would know what my expenses are.

Yeah. But you don't even know what went out this last month. I don't. So how in the world are you able to determine that it is an income problem and not a spending problem? I guess I can't. I didn't. So what is this going to solve? This Starbucks isn't going to catch up to that.

It's not going to double your income. No, but I am, I've realized that I have a problem and there's going to be a solution. Like, I'm going to go to therapy because that's offered also through my current employer. Okay, so you've realized there's a problem. Yeah, yeah. Why am I not seeing anything addressed in these statements then? Because I only recently... Everyone only decides they have a problem about two hours before they come on this show.

That wasn't true. It was maybe like two weeks ago. Okay, n'uh. Not in your statements. So what's going to change from this conversation? I'm going to get the resources and I have more drive. The resources? What resources?

The ones that we'd give? I guess. Well, yeah, we give you the budgeting program and the investing program, which are bundled at a lower price here now. And I definitely support that, but that's educational tools. Those are tools. It's your actions still that are required. It's not a magic pill. I'm not a magic pill.

This conversation is not a magic pill. Sure. You still have to go in. You've got to put in the action. Got to stick to the discipline. Got to build your budget. Got to manage your budget. Got to look at your budget on a monthly basis.

Got to see what you're adapting in the next month in order to continue to improve it and stick to it. The class is not a magic pill. No, no. Just like getting education. go and sit in a class. If you don't participate, if you don't take the quizzes, if you don't actually put it in the actions after it, it's nothing. I understand that. Yeah. And I'm not, I'm not saying it's a magic pill or like a bandaid over a bullet wound, but I'm pretty much, it also just gives me like an insight and I do need the tough love approach for sure. Yeah.

Yeah. No, I get that. So do I. That's what works for me. Yeah. I don't know why people out there get upset by it. Like, don't come on the fucking show. I mean, thank you for being here because you know what works for you. Yeah, no. But also, don't come on the f***. It doesn't work for you instead of trying to be offended on other people's behalf, like a weird motherf-people are weird. But if you do want to come on the show, Calebhammer.com slash apply.

It's a good place. Check it out. Highly recommend it. All right. Where do you think you are on your financial skills? Zero being the worst, 10 being the best. I'm going to say zero. I did take the financial score and I got zero.

Ah, that makes sense. If you want that scores in the description as well. But I do have the house. So I have a house. You own a home? Kind of. It's rent-to-own. But I'm not really living there.

What the-what-the-f-f- Okay, we were about to go into your finances. What the-fuck are you talking about first? Because now, what the-f? How do you not live in a house that you own? So I had a partner back where I moved from, So Corpus. Okay. And we were like engaged.

And we were going to. Like engaged. Okay. We were engaged. Wow. Yeah. And I didn't want to stay in Corpus anymore. So it's one of the reasons why I moved to Austin and we broke up amicably.

Okay. Why did you guys break up? Going from engaged to break up, that's pretty big. It is. I wanted, I wanted to do something more. And in Corpus, you really. Oh, to move? Yeah, I wanted to move.

So you had to break up to move? Yeah. He was. wasn't willing to leave Corpus. No, because he has a job that he likes there, but I didn't, I didn't want to stay there anymore. The job overcame a marriage? Yeah. Wow. Okay. And also, we weren't in the best financial situation either, so. Yeah. Still. Yeah. And I'm just kind of tired of living like that. So that's why I want to fix this. So how does this mean you own it? So did you guys buy a home together? Yes. Sorry. We started renting like one of those trailer homes, which isn't the best investment either. Wait, renting? Yeah, it was

rent. You were renting a trailer park. Yes, a trailer home. Yeah. And a trailer park. Yeah. So it's not even on like our own property or anything. And the, the land. So you rent the unit and then you also rented the land or was it all baked into one. Kind of. There was two payments that we had to make and one was significantly smaller, which was a lot rent. So yeah. You're renting, but you didn't own it. No, but we're buying the... Technically, we are buying the... The house itself. Does that make sense?

You mean the trailer? Yeah, the trailer itself. No, it doesn't. You guys are... Instead of renting, you're now borrowing? Yeah, like, you're going to take out a loan to get it? Yes. We're renting to own.

I don't know. Oh, rent to own. Yeah, that's... Okay. Yeah. I tried to get out of it. I did. I tried to get my name out of it, but...

But... So it's pretty crazy. He's not willing. to like whatever version. Lots of places can expose you to identity theft. Oh no. That's why LifeLock monitors hundreds of millions of data points a second for threats to your identity,

which is way more than anyone can do on their own. If we find anything suspicious, like new loans or changes to your financial accounts, we alert you right away, all through text, phone, email, or the LifeLock app. Get the alerts that could make all the difference. Save up to 40% your first year at LifeLex. Lifelock.com slash special offer.

Terms apply. A refinancing there would be to get you off of it and him permanently on it only. I don't think he has the greatest credit either. So I don't think the rent to own. Yeah. What's the, okay, what's the terms of this? Like 30 years. I don't have the debt for this.

30 years. So it's like a mortgage. It is. Yeah. I'm trying to get my name taken off of it. What's the rent? The rent is like 1,200. Oh, no, it's not.

It is. Is this even decent? It was. Yeah. No, it is. Was. It is? That's not cheap.

Yeah. That's not cheap for 30 years baked in. And it's a corpus. Interest? I do. Or is that baked in? I think it's baked in. I'm not exactly sure, though, because I don't have the statements.

I asked for it. Yeah, why didn't you get statements? I asked for it, but he's not able to get them. to me. Why? He's working like a double today. So he's not. You only tried today. We've been in conversation for a while to get you on the show. I didn't know until like that you were renting to own. Yeah. I thought he, okay, so we tried to take my name off this. The fuck is happening. Hold on. Wait, wait, wait, wait, wait. Okay. So. So basically, I tried getting him to, okay, I don't want to give too much information about him because he's not in my life really.

that much. Sure. That's fine. So I tried to ask him if he could get me the documents over the weekend. Yeah. Because I only found out about this like recently because we originally were supposed to get my name taken off of the contract. Sure. But when I asked the original landlady had passed away. Okay. And I thought he was going to go ahead and get with the new landlady. So we can start this whole process of getting my name taken off. Why hasn't he? I don't know. Tell him to grow a pair. Man up a little. Put in a little bit of effort.

I will let him know. Well, how is you guys a relationship? We're friends. We're friends. Okay. How long have you been pushing to get off? Eight months. Oh, okay.

He needs to become a big boy. Yeah. Is it rent to own through the owner or is it rent to own through a third party? It's through the trailer park. So I guess the owner. Wow. Yeah. This is wild.

Yeah. Can, are you guys able to, like, sell your rent to own to someone else? I don't think he wants to because that's his property. He wants to stay there. Not even. It doesn't even own the land. He owns four cheap walls. Yeah.

What was the price of this? Um, 30 something? $30,000? Yeah. That's why I want to get off. Yeah, I don't want to be on it anymore. just because I do I even need to tell you I don't you don't you can just to say it because I know it's already a fucked up situation you guys are going to spend if again I don't have it here I do not

have the terms here but according to everything you've told me it's going to cost you $432,000 that's crazy according to everything you told me again unless the rental goes down does the rent go down over the course I do believe so okay Well, that changes it. Because right now, I mean, you're paying half the value of it and rent a year. Well, I'm not paying for it. Like, none of my money goes towards that house. But what happens if he misses a payment?

You're on it, aren't you? Yes. Okay, that'll fuck you. Yeah, it will. You know for a fact that it is 30 years. I don't. Okay. Well, you don't know anything.

I don't. I was trying to get the lease and it's been over five years since I've been on this. Because, I mean, that is completely different. Yeah. It is completely different. In terms of, okay, pay monthly rent, additional amount that goes, building a down payment for the home, potentially. Well, they just- Cumulate equity over time, monthly rent to own.

Agreement is usually higher than the standard rent due to the additional payment. You have maintenance responsibilities. Option fee at the start of the agreement. The tenant usually pays an up-front fee known as the option fee, which is between 1% to 7% of the purchase price. And it was only $30,000. It's a trailer-s-s-old. you i know that's why i was so surprised when i heard 1200 a month yeah it's a three-bedroom do bath wow living and luxury there's nothing wrong with living and that at all no but doing this to do so

yeah it's like the worst thing we could ever do yeah according to everything you've told me that's wild okay the typical is one to five years i don't know i i honestly couldn't tell you why did you give me 30 because that would have been insane. Because I think it was like a ridiculous. Can I get him on the phone? I can try, but I think he's at work right now. You want to just send him a text real quick? Yeah.

Because even if it's the five years, it's $72,000 for a $30,000 thing. So I just want more information on this because I know you're not paying it right now, right? Is that what you said? That's correct. Okay. But if he doesn't for whatever reason. That falls on me. Yeah.

And I don't want that to fall on me. Death even. Yeah. You know? Yeah. Something even extreme like that. I just have to turn on my phone. Okay.

Now you can text them. Wow. It's pretty crazy. That's kind of one of the reasons I wanted to make sure. So what happens when the term is done? He just wants to keep it forever? Yeah. Something that's going down in value on land he doesn't even own?

How does that make sense? And that means you just can't, like you're on the deed of this? Yeah. I want to give you free money right now. I partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them. Check out my investing app of choice. Mumu, where they give you up to 15 free stocks and 8.1% interest on your uninvested cash when you sign up with

my link. Do you want a more traditional savings account? Check out where I keep my emergency fund, so far, where they'll give you 4.6% on your money and up to $250 for signing up with my link. Would you rather have automated investing? Sign up for acorns with my link and you'll get $20 right now instead of the usual $5 you'd get from your friend's referral. You can also sign up for our investing program and get $100 in cash deposited into your money. Mumu account. This is the best way to learn what your investing profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below. So don't pass up the free money because I'll punch you. If he sells it,

okay, what's the agreement then? If he's paying for all the payment right now, do you get anything? If he sells it? I don't think so. But even if we wanted to move it off of that, that in the trailer park, I guess, it would be like 10,000 to 20. thousand to move. I think that's the average amount to move a trailer home. We've looked into it when we were engaged, but... Okay.

Let's get into these statements. And we'll see if we can get in touch to him so I can learn more about that because that's sanity. Can I go ahead and text him? Yes. Okay. You have a Capital One Walmart card. I do. Balance on here, $737.41. Not the most insane

credit card balance, but I know higher cost of the living state and obviously you spend double with you make. Well, minimum fee payment, $263. Whoa, that doesn't make sense. Interest charge. It's because you're over the limits. You're over the limit by $200. How are you over the limits right now, dude?

What is happening? Why are you at least paying your minimums? If you pay your minimums, you're not going to go over the credit card limit. You'll make a little bit of progress, even if not that much progress. But you'll make a little bit of progress. So what are we doing? I lost my job. What?

So I lost my job. When? Like it was a temporary job. It was like a temp position. When? It was like three months ago. Okay. I was out of work for a month and I was, I was applying.

Okay. I was applying like it was my full-time job. Good. I like that. Yeah. Now a few months have passed. Why have we not at least caught up on the minimum? Because they got charged off.

Because I wasn't able to make payments for a while. I was only making the bare minimum to like sustain life pretty much. So are you saying this, has this been given to collections? It has. This has. If not. What's your credit score now? It's not great.

That's not a number. It's like low, six hundreds, high five hundreds. Oh, fuck me. It's bad. It's bad. At 27. Yeah, I kind of fuck myself tremendously. I think we have some some of the credit card.

in here. Well, this is insane. So you know for sure this has been given to collections, sold off the collections. I know one of them has, I think it's the quick silver. I don't think it's that one. So it's not this one? So it's not even this one? No, I have a couple of credit cards.

Are you waiting for this to go to collections or what's your plan here? What are we even attempting? You've made money. I don't have a huge amount of money, but you've made money over these past couple months. Yeah. And we haven't even attempted to catch up on it. So why? Well, I was, I've been in a tough, a couple tough situations.

Is that true? What percentage of your spending, which by the way, that spending was double what you come in? Actually, fine. How about this? What percentage of your income? Income. Income. Did you spend going out to eat?

Income. Income. What percentage of your income? Can you tell me? Are you able to give me a little, just a little, a little hint? 35%. You say 35%, which, I mean, that's, insane that that even came out of your mouth.

But you're close. 27. How was 35 or 27 anywhere acceptable? When you have payments, you could have made three times this minimum monthly payment on your going out to eat. Going out to eat three times your ketchup minimum monthly payment. And then the normal minimum monthly payment is probably like 40 bucks. Yeah.

So what the f this was a choice? This is a personal choice. It was. This isn't, that's not an income thing. That's not an income thing. That's not an income thing. You spent more than a quarter of your take-home pay going out to eat.

If data management is slowing down your business, you need the Intuit ERP. If one entity is here and one here and one here and one here, you need the Intuit ERP. If scaling your business feels like start starting over, starting over, you need the Intuit ERP. Intuit Enterprise Suite is the AI Native ERP solution that consolidate, migrates and automates all in one place learn more at intuit.com slash erp an income thing an income thing i have people that just freak out and like where Caleb incomes are just poo poo poo and people can't just even survive and for some people if that is true and for

those people i give them different kind of advice yeah for you you spent 25% on going out to eat It's completely different. Yes. So what the fuck are you doing? There's no responsibility. No, there's there. It's a discipline problem for sure. And then on top of it.

Then why has that not been addressed if you can recognize it that I will never understand that? You can come here and you can say I recognize it and that's why I'm here for help. That does not work for me. It doesn't because you have been doing this even at the time of knowing it's wrong. So why has there been no change? Why have you not put any actions into it and waited for this exact moment? Because if I don't know a little bit of insights in how you live in your life, how are we going to create a conversation, create a plan that is actually going to work for you

and get you to a good position? So why have you done nothing even though you recognize that it is bad? So it kind of ties into the reasons why I got the credit cards. So when I first started moving or when I moved up, here. I was I was dating around a little bit and I was actually making a decent decent income and I wasn't like worried about it. Okay. But then I met my ex. We just like kind of broke up. New ex. After the ex fiance. Yeah. Yeah. A new ex. You just broke up you said? We broke up two months ago. Okay. I'm sorry to hear that. It's for the better,

honestly. That's what every ex says. So basically he made More than I did. He made two times as much as I did, maybe three. Sure. And he constantly, like, told me about how his, his ex was, like, always asking him for Louis Vuitton bags and everything else. And I was trying not to be, like, a gold digger. But I wasn't making enough. How would you be a gold digger?

Because I didn't want to, like, constantly, like, rely on. Were you asking for Louis Vuitton bags? No, no. So how would you be a gold digger? I wanted to be able to contribute a little bit more. Sure. Okay. I get that.

Because I like the idea of 50-50, but our 50-50. Is that what you said, you say that's why you opened your credit cards, though? Yeah, because I was like buying Christmas presents and birthday presents. But you weren't contributing. You were just putting, if you guys had a future, which obviously now we know you didn't. No. If you did, though, you were just putting both of you deeper in a hole. It was more myself.

He didn't really. Yes, if you guys were together, though, if you were going into debt, if that partnership was to last, Yeah. You wouldn't have been contributing. You were putting the future yourselves in a worse position. Yeah. And I realize that now because even looking, while I was getting all my statements and stuff, I realized the majority of this was spending on, like, food to go out to eat together

because I didn't always want to make him pay or I was getting like little things for us and like paying for things. Like I think I put ACL tickets. So you thought that if you covered things instead of. him that you were just like a gold digger or sugar baby? No. Why? Like he's not,

but you weren't begging for things or asking for things. You're just, No, but I also didn't. He's getting a meal. I just didn't want him to like feel like he kept, I didn't want to burden him. Did he suggest in any way whatsoever that he thought you were taking advantage of

his financial position? Um, no, not really. Okay. I don't think so. I wasn't trying to. No. I know, but then I get the concern.

Is this maybe an overreaction, especially if you have to go into debt for it? Listen, you're not a credit card person. No. I need to be as clear as possible. It doesn't matter that you're not. Your credit scores 544. Oh. It's horrendous.

It's disgusting. It's vomit. Use the Fizz card or a charge card like it if you're going to use cards. Okay. That's the kind of cards you can use. You cannot use a traditional card of card. You can't have access to money. You'll blow it up.

Then you don't spend. No, you blow it up, then you don't even put payments on it, then interest accrues, and then you allow it to go $200 over the credit limit. The credit limit on here was $550. You're $737. You didn't make a payment. Who would have fucking thought? And then $19.99 cents of interest.

Minimuth of the payment is probably $40, but right now it's at $263 because you've got to catch up. Okay. Now, you mentioned why you've gotten to the credit cards. They didn't really answer my question, and I'll be a little more specific. Why in the world, why in the entire world is you going out to eat three times more important than this minimum payment mathematically? Why? There is no reason. That's no.

Nope. Nope. Nope. There will be an answer. Okay. There is still something in there whether or not you fully recognize it or not. Okay. Is that what it is?

So it's the want. It's the want of the name. nice things. That's going out to eat though. It's not even nice things. Yeah, but I like restaurants. Okay. Okay. I do like food. I'm kind of a foodie. Probably not, probably shouldn't be for a while, but. Well, obviously. Yeah. You can't afford to be a foodie. No, but that's kind of how my ex and I, like, bonded. We would go over to restaurants and then I would pay one, one date and then he would go on a, we would go on another date and then he would pay. No offense. You guys broke up. I don't think you can sustain that. Oh, no. That's, that's not exactly what I, want to do anymore. Or it's time to actually start going on those other dates and only have them pay for it

because that might be the only way you're able to afford a restaurant. People get triggered when I suggest that. I'm more mean that as a joke. I don't like doing that just because I don't like... Other people paying for food? What do you mean? Oh, like dates? I just don't like people.

I don't like giving off that impression. Oh, I know. It's just a personal thing. Yeah, no, I get you. I get you. Okay. Yeah. I mean, I always pay on the first date.

I said I think traditionally dudes usually pay on the first date they don't have to no they don't so okay $737

it's ridiculous it is it's not never mind it's gonna say it's not the worst one I'm sorry 32.24% interest rate okay

did you go to college no I did want to go to college I did but like I I dropped out. It was like family issues. Okay. How many semesters did you do? I think I did two. Two semesters. In what? Was that mostly gen eds? Yeah, it was mostly gen eds. Did you want to go to college? I do. I've been thinking about it. But I mean, with the financial situation that I'm in right now, I don't think it's probably the smartest decision. Yeah, maybe it depends on how you go about

it because again, mathematically we can work out, you know, for some of these 30% interest rates, you know, maybe not. But if you could, you know, to X, your income via some community college and maybe a local state college, we might be able to mathematically in a way suggest that it is a better return on your investment. Sure. Now if we go from 20 to 40. Yeah. I don't know.

What did you want to study? What did you want to do? Well, I do like, I was undecided for a really long time. I was thinking tech. Yeah. Okay. Yeah. I was thinking tech and then I was just like probably oversaturated at this point in time. The job market's a little harder, but, but I do like what I'm doing now, which is like accounts payable. Okay. So in the world of accounting? Yeah. How about this? I'll gift you an accounting certification that you can go through for course crews. Okay. Go through that. Dip your toes in the water a little more that way and then maybe you can look at the full degree if that's something you're like. Yeah. Yeah, I think so. Okay, that could be a way to boost our income. All right. You know if you see credit one. You know if you see credit one,

you're already kind of at the bottom of the barrel of finances-wise. Credit one is like the most disgusting credit card you can get borderline. Yeah, I don't like that. I wish I never. Why did you get this? Because I think it was actually the second one I got after the Walmart. What? This is your second credit card?

Yeah. How did you even find this in the mail, probably? Yeah. Yeah. I got. Cut up the cards that come in the mail people. Let me tell you. Why did you accept it when it showed up?

I mean, yeah, you got, but you got me. You fucked yourself, though. You signed up for it. You did this. And then you're also the one who didn't put a payment towards it. You are the one. We already know how much you spent going out to $4. $47 of fees, interest, $17.

Late fee. That was the $40. bucks. So again, and then an annual fee. You didn't get you for yourself. I understand that going on getting off work thing. First of all,

did you apply for unemployment? Would that have counted? Yes. And I got like one month of it. Okay. You were only off of work for a month. Yeah. So there's no reason then we should have missed payments. Yeah. With your spending, that's why. Yeah. You know, if we went back

in time and we looked there, okay, maybe things were tighter and maybe you couldn't have fully made your payments. Maybe that's the case. But I don't know. Based on your spending, I don't believe that for a single second. You're someone that just swipes their card. Yeah. I do.

I do. I like also treating myself. I didn't. I shouldn't have. You don't get sweet treats right now. You don't. I'm sorry. It's just like literally mathematically.

You can. You can if you want. And then you just, essentially prevent you for the rest of your life getting them. Yeah. Because you just continue down the cycle, get worse and worse. Maybe go through bankruptcy, get into some more debt. And continue going through the cycle. Never get a car that you want. Never get a home that you want. Never be able to get the vacation. Looking to see what's happening around your home? Rings battery doorbell helps you track packages and see who's at your door in real time.

The outdoor cam plus protects your yard at night with a wide field of view and clearer retinal 2K video Or upgrade to 4K cameras and doorbells with retinal vision for ultra clear zoom in detail Your door, your yard, your home. With Ring, it's protected. Shop cameras, doorbells, and more at ring.com now. Patients you want, the retirement you want, the sweet treats you want. You can do that by continuing to go around right now. Or you can make a temporary sacrifice and actually better your life for the first time in your life. and that's what I want. That's what you want, but it's not anything what you're doing.

There's no behavior in here to indicate that whatsoever. No. Want is a want as a want. I want to be skinny, but if I don't go on a dye and if I don't work out, I'm not going to get skinny. Sure, I want it. My behavior has to align with that. Go without any action is for you. I have started some action, though.

Go on. So, actually, it wasn't really by, it was by choice. Okay. So I have like some fraud charge on my, on my card. And I got locked out. And like for three weeks, I wasn't even able to use my debit card. Okay. Again, that was forced.

That's not you doing anything. But it like also helped make me realize that like there is an issue. Okay. Yeah. So I guess you only just have to wait on others to do it for you. No, don't see that. I mean, that's what that is. No, I know.

But I don't want it to be like that. It is like that right now. It doesn't have to be forever. No. And I'm going to call it as I see it. And that's what it is right now. That's fair. What's the,

$500. And you're at, oh, that was the previous bounce. You're at $845. Past due, 202. Minimum is usually 82, it looks like.

Okay. I think. But your actual minimum is, 200. Actually, looks like your normal minimums about 40. But of course, what you owe right now is 284 because you have been responsible. Listen, you lost a job, and that sucks, and I sympathize with that. And things emergencies can happen.

People don't have an emergency funds, and they go into credit card. And that's when, once you get the job, once you have the ability to do so, you cut back on everything in order to pay it off. You got unemployment for the period that you're off work, and I know how. how much money you spend on bullshit. The thing is, right now, it's $2.40 minimum monthly payments. I know you could have made $80 of payments. There's no excuse you're just being an irresponsible child financially. Yes, I realize that now.

Okay. Can I take a sip of water? Yeah. Okay. Please. Hydrate. Uh, ally. Alli is usually either savings or car.

This is a car. Okay. You have a 20-24? I do. You? 20 bucks an hour not making minimum monthly payments. How do you even get qualified for a loan? They ran it like six times.

Then Ally was the only one that accepted you, huh? Yes, because I originally had a loan through them for my Nissan. How much did you trade your Nissan for? So I had to pay off 7,000 of it still. Yes. But what did you get? get for it. I got 11, but I had to put seven towards my, uh. Okay. So you rolled over $3,000 equity. Yeah. So you actually did make money on the Nissan. Yeah. You should not have sold that. That made no sense.

If they were able to take it for 11,000, it was not in that position. No. A dealership taking it for 11,000. Yeah. All right. Well, that's what I got for the insurance, from my insurance because of all the damages. The hail? Yeah. You said the hail didn't, the insurance didn't cover hail. No, they did. You told me.

Sorry, it was 11,000 that they gave me from the insurance. And then that's what I used. So why didn't we get a 10,000 hour? Well, okay, so $7,000 rolled over. Okay. Even still $3,000 down on a $10,000 car. What did you? Well, it's the balance on those.

Okay. Only three more days to reserve your spot in my free financial refresh challenge. And as fun as this show is, my ultimate goal is to spread. financial literacy. For five days, I'll be sharing video lessons on financial topics that I normally don't get a chance to talk about on this channel. Get my tips on allocating your money, cutting expenses, and creating long-term and actionable financial goals. There's something in here for everyone, whether you're just getting started or have been on your financial game for years. I've never done this before, and I don't get to do it very often, so I'm really excited to share

these video lessons with you all. Click the link below or go to Calebhammer.com slash challenge to join for free. This is an insane car for you. Insane. This makes no sense. This makes no sense. This makes no sense. Do we have the value on this car?

This makes no sense. You owe $30,289. For your income situation, that's insane. Why did you think you needed a brand new car? Well, my Nissan Ultima, I already had issues with it. I don't give a fuck about that. The Nissan. Wait, wait, wait, wait.

So the Nissan Ultima had issues to begin with, and it was a used car that I got. You don't even know what the issues were. You said it was making a noise. Yes. But I didn't want to have any other maintenance issues. So. What do you think new cars don't get maintenance issues? I bought my Jeep new and I drove my Jeep around.

That battery died like once a year. It sucked. But that's cheap. It's not the biggest bill in the world. I know, but things can always happen with cars. You can get more reliable cars. can get less reliable cars. I'll tell you what's reliable and unreliable.

You making your payments is unreliable across every debt. And apparently on this one as well, because you owe double the payment, meaning I'm assuming, oh, and there's a late charge, $31, so we can't even pay our car bill. So, yeah, keep it up for a few more months. Get a repoed, and then you're just fifted even more, okay? Because then you don't even have your car,

and then they sell it at an auction, and then you owe the difference between that, and they probably don't even get something good from the auction. So then you owe money on a car you don't even have, and then you need another motor transportation because we live in a car infrastructure world. What are you trying to do here? What was your thoughts? You bought this car?

Okay, I didn't want maintenance. What was your plan? My plan was to stick with a job for as long as I could because that's when I was getting like $23 an hour. $3 difference. I don't, does not make this car affordable. No. It really does not. It did at the time when I was making payments.

And then I don't know, man. I missed one payment on it. And that was because it was during the transition period of me having an actual income. Now, mind you, the amount of your minimum with the payment here of $624.69, which, of course, you owe $1,280. I paid it. You did. Yes, I swear. So you're updated on this.

Yes. Okay. Now, you were behind on it for a month. Yeah. Now, mind you, that minimum monthly payment is the amount of money you live. Literally spent on going out to eat. Yeah, I'm not. So that's kind of a joke that you would ever miss this.

Yes. You could grocery budget at $250 to $300 a month with meal prepping a couple times a week using the meal plan we have in our budgeting program tweaking into your needs. Sure. Totally. Yeah. I mean, how much did you also spend on groceries? I bet you still spent money on groceries, didn't you? I think so.

There was definitely some. I bought groceries too. Barely. It's 0.7%. Okay. Yeah. Okay. So how's the car?

How's the car? This lovely car that you're driving now. Is it just great? It's great, but I did get side sweat. Hold on. Side sweat. Great. So now the value is even less.

Leaving the domain. Hmm. KBB. Kelly Bluebook doesn't even accept your VIN. I don't know why. Well, we don't 100% know what it's worth. from private market. I mean, we are seeing it listed between like 25 to 36,000.

But with your side swipe and I don't know. But the thing is, even if you could sell it for $20,000 and I don't know how you would borrow. Because I would want you to borrow $20,000, sell this for $20,000. Use $10,000 to pay off the loan and then use an additional $10,000 to get a $10,000 car. Yeah. So what I would do is save you $10,000 in debt, which is a lot for you in your situation. but I don't know how you would qualify for any kind of loan. Do you know what the interest rate on this is?

It's, I think, 12%. I'm going to kill myself. What? When did you get this? October of last year. Okay, October of last year. You saw 12%, you saw the minimum fee payment, you saw the overall thing. You're making $23 an hour and you're like, I can afford this.

Yes. That's what I was pretty much thinking was because I was like, oh, that paycheck, you know, paycheck's fine. When did the symptoms start? the symptoms of your autoimmune immune disorder oh um sorry you had to specify uh what other symptoms do you have December okay I thought you meant up the car I don't know why I just sorry gotcha that's and the term of this loan um seven years dude dude you've just you've really signed up to get just you're just everything right now There is not one thing we've looked at that I can see a bright side too.

I'm sorry, this sucks. This sucks. But it's also like everything so far has literally been your choice. Yes. And I'm saying. There's been nothing put upon you here. Hail, sure. Made it's the last car, sure, but you didn't take it to a mechanic.

We don't know if anything was wrong with it even at all. It's like, okay, that was handed to you, but you didn't need a $30,000 car. No. You didn't need a seven year 12% interest, right? I didn't need to choose the first car I drove. And you sure didn't need to get fast food over making your minimum fee payments. You're living the life of a child right now. Yes.

To be as honest as possible. Oh my, these really just keep going. I see the word past due on this one as well. You owe it all. You owe it all. The Capital One Quicks over $1,135. and two cents. And that's what you owe.

They want their money. How long have you been past due? Has any of the past dues existed since before you got laid off? Or since your temp ended? I think one of them did. And I think it might have been. See, at that point, that's where it wasn't you losing your job. It wasn't.

It was your behavior the whole time. If it was already starting before then. Yes. So why'd you blame that? Why'd you try to play victim on that instead of taking your responsibility? For the one card. The one card didn't have, I didn't make a hand on. Not with your spending. No, I know.

Not with your spending. Was this, is this the one in collections? There's a couple. But what is the status of this card today? It's closed. It's charged off. It's close. Trying to be a bit more mindful of things you buy for you and your family?

Well, when it comes to laundry, choose all free clear. 100% free from dyes and perfumes. All free clear. uses only essential ingredients that tackle tough stains and odors. And it's gentle on the skin. It's a powerful clean you can feel good about. So go on. Pick up a bottle of all free clear for your next laundry day.

It's closed, but hasn't been sold to collections. Yes. You know for a fact. I've been getting people calling me. For like, from Capital One or from City Bank. That's not collect. It might be internal collections. That's not an.

collections, Asians? We're going to have to look at your credit because you just don't know. I mean, it's accruing interest. So it wouldn't have been sold in collections at that point if it's accruing interest. Then I guess it hasn't been. Because it's,

I'm still able to access the account. Oh, guys. She made a $5 payment. Our entire financial situation has been saved. What was even the intent behind that? Never even. It's border. That's comedic.

I don't have a reasoning for it. I'm sorry. I tried to, I think I was just paying. like barely anything. Have you ever made a budget in your life? What is all that that you have written down there? You have things written. Yes.

Sorry, I didn't mean to hit the table. There's like basically the amounts that I have, especially for the three statements that I wasn't able to give you. Or two statements I wasn't able to give you. There's more? There's two more. Two more what?

What are they? Are they debts? Yes, they're credit cards. I wasn't able to get the statements from them because they were sending it through paper and I don't know why I asked them to send them through email. and they were getting mad at me. And I was like, dude, what?

Oh, my, there's more debt than we even know about. Yeah, they definitely did close this one. 30.49% interest and, of course, yep, $29 being charged. Afterpay. Wow, we're afterpaying. Okay, we're just really collecting every debt we can possibly get. Is there a payday loan somewhere? Uh-uh.

And at least you avoided that. Is there like a debt shark loan somewhere? Someone going to, like, break a leg? Okay, good. Those are like the next debts to take out. To tell uscent ink. What is this for? Tell uscent ink.

Could I see that? You're definitely right about your Tamara financial score. How do you not even know what it's for? How are you taking out debt? You don't know what it's for. After pay is not a long sitting debt. That's usually a quick turnaround. It's a...

It's a... You're going to yell at me. It's a perfume. Debt to smell good? Yeah, I don't want to be stinky. Are you stinky without perfume? No, no, no. But I want to smell extra good, you know?

Smell like what? Smell like really good. Stop, I'm actually stressed sweating. Don't. I don't smell. Don't smell. Don't smell. No, I don't smell good or bad.

Okay. Well, I don't think. Maybe I should return it then. Did you wear it today? I did. It's Jimmy Chu. Do you smell my cologne? No, I don't.

Then we're both failing. Oh, okay. No, I know. How much was this? Financing Cologne? Financing Cologne. What are we doing with our life? When did you get this?

A month ago. Your spending's out of control. Your discipline's out of control. This is ridiculous. Again, this really is tendencies of a child who just got access to tens of thousands of dollars. Yeah, that's why I'm going to take advantage of a therapist and actually talk to them about this issue. That's good. They could probably, so, I mean, are you self-assessing some potential addiction issues?

Is that what you're trying to say? I don't want to like say that. I think it's more just like I didn't. I'm not even going to put this debt in there because it's going to mature in about a week. And I already made another payment on it. So I think there's only like. I mean, yes, the therapist is great. I encourage that for everyone.

We'll put that in your budget. But again, therapy is one of those things almost like this conversation where people go to therapy and they fail at therapy all the time because they go there. They sit there. they do it and they don't do any work outside of therapy. Therapy is usually something you have to put in a lot of work outside of therapy. That's a homework in your actual personal life. So again, if you go there saying, this is me making the change, you're not going to get anywhere.

You're going to need to put in the work and discipline still. Yeah. And that's kind of where I want to because I have been living because of my spending, it's been taking, it's been like out of control where I've been living like paycheck to paycheck and like waiting for my next paycheck to hit my account. You're not, though. You're not living paycheck to paycheck. You're spending all your money on. But I did say due to my spending. Okay. Okay. That's still, let's not call that paycheck to paycheck, though, because that discounts people that are actually living paycheck to paycheck. You're not. I'm taking accountability and saying that because of my spending, that's the situation I put myself in.

Good. And that's why I want to take the steps and do the work with therapists and working on my budget to actually get this. Well, we'll talk about the work here in a lot of. little bit. Okay. Apparently we've got to keep going through debt. Sorry. Text had. Why are you going through tolls?

You can afford tolls. You don't need to go through tolls in Austin to get places. You really don't need to. It's fast. It's faster. It's faster. But you don't need to and you can't afford it. You're right.

I stopped taking the tolls. I didn't take the tolls here. You didn't need to. We're not on a toll road. Nor near one. Okay. Well, I haven't been taking the tolls this past week. Two weeks.

this past week. Thank you. Okay. Great. Guys, I've been dieting for a week. I'm on a successful diet. That's not how that works.

No, no, no. Wait, have you not been paying your tolls? You owe $1,425 to text tag? Yes. Oh, my, I just, I'm so confused.

You don't make any payments. You just don't make any payments. If you owe money, you don't pay it. You just don't. I'm so confused. You just don't make payments. Like I don't know.

We're going to have to do a total 180 here. Yeah. This isn't you making a change. It's a complete opposite. Because you literally do not make payments on anything. I'm blown away. How do we owe $1,425.40 cents on Tex-Tag? When's the last time you've paid your tolls?

When I worked at Tesla? When was that? last year. You accumulated this much in a year? The fuck is right? I was driving from Round Rock, like on the tolls to get to Tesla. Oh, okay, that outer ring. Yeah, and I would have to go like super early in the morning.

Frontage roads. Frontage roads. Stop lights. Stop lights. Slight delay. Leave earlier. Be an adult. 1,425 are you out of payment plan or anything?

Not that you would pay them anyway, but. I am going to start a payment plan. How much? I was probably going to do like $100 a month if I can. Okay. Or at least. Knowing you and just how you live your life, you're going to rack up $100 a month in tolls anyway.

Auto pay. Huh? Auto pay. Yeah, you'll do $100 a month in tolls. And then you're still paying off your old tolls. No, no. I'm not going to take tolls anymore. Mm-hmm.

On God. Yeah, wait until you, see the amount of time you can save in rush hour. You're going to be on that toll road. Okay, what are these other debts? Because we're about to go into collection. So what do we have? So for my city bank card, I don't know the interest or the, I guess, is it the APR?

Sure. I don't know that. What's the balance? 1639. 39. Okay, minimum monthly? I don't know that. Probably like 40 bucks.

Okay, it's traditional credit card. And your other debt? And are you behind on that? It's charged off. It's sold to collections. It sold to collection. You know for a fact. It should be on there, yes.

Okay, next. The next one is the Amazon store card. That's a fucking great card. I can't believe you ruined it. Yeah, 725-73. That's also charged off. And then I see, why did you miss $121 from Progressive? Because now that's in collections.

Literally, $121 could have boosted your score significantly. Like, why allow yourself to have to have to, Play catch up your entire life. Okay. So I can explain that. I can explain that. Go. I didn't know that I thought, okay, so I originally had progressive, right?

Yeah. With my Nissan Ultima. Oh, sure. I know. Back to the Ultima. And $121 was my last payment. And I thought they bundled it together with the other one that I just opened or like, you know, does that make sense? Why did you think that?

Because the monthly payment for that month was higher. Okay. The other ones. And I was like, oh, they just added the last payment. You just forgot to pay this? It wasn't on auto pay? That one wasn't on auto pay. But my progressive is now.

Yeah, I don't think you can live off auto pay. I don't think you're disciplined enough for that. Not yet. Not yet. You still can be, which is not yet. Okay. So that's why that collection. Penn Foster.

What the fuck was that? That was my school. Why do you owe money to them? And why didn't you pay? Because I, um, it was one of my school loans, I guess. through the school Yeah, through the school That I

I didn't pay because I honestly forgot about it I know that was a brazen but You just you don't pay anything You really don't The woman who pays no bills It could sound good

Could mean you don't have any bills You literally just don't pay the bills that you have I should put that on your Fing hinge The woman who doesn't pay her bills Let me see your credit card Because I don't see those other ones On those two pages I had

The credit card? Yeah Open up the app for me Okay And start a screen recording if you can We'll also just not include anything That isn't relevant anyway I think I have to download it

540 It's crazy See your debt No Those others Those others haven't gone to collections Okay Not yet

They're closed They are closed They don't want you to be will spend more money. Of course not. But yeah, just the two things in collections is the one that the ones that we saw. Yeah. I mean, your current score. It just, it really sucks to see. Well, hold on. Department of Education advantage. You have student loans too? Yeah, that was the student loans that I took when I lived in Florida. Guys, accidents happen. And when your pet gets really sick, it can be a financial nightmare. From,

eating something they shouldn't to serious illness like cancer, the vet bills can add up fast. That's why pet insurance is a game changer. It means you may never have to choose between your savings or your furry friends' health. That's why I've partnered with Money.com to bring you a list of the top five pet insurance companies. I feel so strongly about this. I don't care which one you pick. Just promise me you'll get covered. Check them out and find the best fit for you in your pet.

Click the link below to secure your pet's future and gain some serious. peace of mind. Don't wait until it's too late. Get protected today. So there's more debts. Yeah. What else do you have that I don't know about? For sake. How much more debt do you have? That's it. How much is student loans? The balances are increasing, so that means you're not paying for them. I mean you're either not paying for them like you like to do or you're on like a deferment or income base. A deferment. I think it was like... How much?

Six thousand total. You think? Yeah. I'd get on an income base for that. Interested is going to accrue. At some point, some kind of forgiveness, maybe down the road. Neff, do you make those payments for, like, what is it, like 10, 20 years? But even still, it depends on the administration.

$8,000? No, seven. I want to say it's the max. $7,000? So I don't know, but. Okay. Checking account, $130. Okay, that's scary.

Got an Adobe subscription to Microsoft subscription to Starbucks. They're supposed to give you money, not you going to them. Snooze, that's expensive. You can't afford that $18. Pop shelf. Amazon, $50 there. $40 to Amazon, $14 to Starbucks. $9 to Barnes & Noble.

We have a great library here in Austin. Maybe go to it. More Starbucks. Coffee. Secret level stand. Alamo. Restaurant. Oh.

Is that secret level stand $20? $40. I don't know what that is. Ven went out $6.22. Target, never really know if that's groceries or whatever because you can get anything there. Ross stores, Amazon, Amazon, Amazon. Another subscription. Sonic Drive-in, Amazon.

Affirm, so you're affirming as well. I didn't have a statement for that. I paid it off. Yeah, never do it again. Gotcha. You just can't. You live your life on minimum monthly payments. You just, you can't.

Amazon Starbucks. Targeting. We don't know. Chick-fil-A. Starbucks. More Target. a TikTok shop, TikTok shop,

two TikTok shops, $23. $0.51 each. What are you getting from TikTok shop? You can't get anything from TikTok shop. What are you getting?

It was stuff for my cat. Fuck your cat. Oh, whoa. Not really, but like they don't destroy too much other than furniture and carpets.

I don't want him to scratch the carpet, so I bought him a toy. I know, but like with cats, you can usually typically get a toy and it will last for quite a while, unlike a dog that will like chew through a toy

immediately. Yeah. So no more spending on that. The cat food I understand. Pen insurance, I understand. That's it. No toys. Well, no more. No more. More coffee. World Market. Ross. You go to Ross a lot. Bridgetton T.

It was an event here in Austin. Yeah, it was $40. So you're literally not making your payments on things. Like, I don't really give a shit. It's an event. You're not making your payments. You're not getting Bridgeton T. I don't care. Are you kidding me? Cash out $60. In and out, at least get real food. Bath and Body Works, more coffee. Better be good because you go there every day. Target, nothing bun cake.

Great. Pluckers, that's expensive. Happy birthday, grandma. Maybe your granddaughter is going to actually live a life where she's not dying under your bridge. Happy birthday. We're going to pay off debt. That kind of. Yeah. No, it sucks.

It'll hurt them even more than not getting the bunk cake. Yeah, I guess, yeah. I didn't have to. They told me. I didn't have to, but I felt obligated. You could have also just made a cake. That's true. I do like baking and cooking, but I just, I haven't.

Hey, whoa. I mean, fuck off. Like legitimately, this is so stupid. It is stupid. If you actually enjoy that, like, for what it's worth? When I was budgeting, getting out of debt, trust me, I much prefer to eat out than cook. I hate cooking. I hate doing dishes.

I hate that. But guess what? When I was going on debt, I made my sacrifice. And I did it for multiple. This is Euphoria Calvin Klein. elixir collection featuring three perfume intense scents inspired by a unique orchid accord paired with vanilla each with its own distinct attitude each with its own universe bold elixir sensual woody addictive magnetic elixir sweet and romantic like a lingering touch solar elixir a radiant expression of joy ultra concentrated

for amplified impact and lasting power find your euphoria discover the euphoria elixir collection by calvin klein two years to do it and guess what now i can afford to go out of to eat and I can budget it in so I do but you already like to cook so just cook it's less of a sacrifice for you than it would be for other people that hate cooking so I'll do it again island storm Amazon Netflix Uber eats you can't afford Uber eats nutrition's essential 104 dollars Starbucks Starbucks I mean you love burnt coffee Target Burlington stores box, IHop, nothing but cake. Was it their birthday again?

It was my grandpa's birthday. They're like a week apart. Well, apparently one of them mattered more than the other ones because that one was $4. The other one was 20. Oh, no, no, no, no, no. That was a, okay, never mind. I know what that is. It was a buy one and get one free.

Coffee waves, Target, another subscription, Applebee's. Hinge. Oh, she's a Hinge premium, girl. Not anymore. I canceled it. wouldn't even have to as like the I think usually like the women on dating apps are like the product and then the men or the customer like I know it's crazy right but like it's that's how it's like built it's like a play to win yeah like as guys you have to like pay to like get the roses

and be on the you know you got to like boost yourself to actually be there for the swiping it's kind of wild um like but you're lucky enough to be in a position where I don't think because of your that you have to pay for Hinge. Congratulations. You won that game. People finders? Who are we finding? Oh, geez. An X?

Maybe. You're from Minnesota? That was a very Minnesota. Oh, geez. No, I'm from Chicago. Oh, okay. That's close enough. Yeah.

So you're going to see a couple of those subscriptions. You find them. You're vetting the hinge dates before you... Actually? Yeah. You know, that's really not the worst idea. I went on a date with a guy who was married and I didn't want to deal with that again. Yeah.

It's really not the worst idea. A lot of people have had bad experiences that are less than safe. So it's actually not the worst idea. I'd rather you be safe than. Yeah, I don't want to be murdered. Safe and getting out of debt a little slower versus dying. Sure. There's a serial killer, Austin.

He targets men, so you're safe. Thanks, I guess. You won that game again. This is keep winning all the games. You just don't win the... Apparently you don't win the intelligence game either because you pay for Snapchat. And who the fuck pays for Snapchat? Oh, I, it was a...

You restored a streak, didn't you? Yeah, it was stupid. That's a joke. I shouldn't have done that. I shouldn't have done that. Oh, $25 for People Finders there. Wow. How many people are you vetting?

It was the subscription. No? You know what? We're going to get more into the drama of the, the hinge life and the dating scene. And we'll get someone to review your profile. and all the stuff and it'll be great. We'll do that in the post show because we're going to stick the finances here. Okay.

And we'll do the juicy stuff in the post show. Oh, God. Okay. Culinary drop of that place is $85. It was for a friend's birthday. The place isn't even good. It's kind of crappy. Starbucks concession's great.

More adobe. Sweet Paris. I like the waffles there, but you get a half waffle for like 20 bucks. It's kind of crazy. Yeah. It's just way overpriced. And then Macy's. You get shows.

You get. Not shows. So you get just get clothes and you go out to eat every second of your life. This is bull-ff. And then, yeah, $248. And your 401k. That you're probably going to withdraw. No, I'm not.

Okay. Okay. I'm just not based on your literal entire existence. So, like, I don't know. You also spent, so $614 going out to eat, but then miscellaneous bullshit. They're just stopping and so open your card and things that are just nothing, $420. So there you go.

You could have made many more minimum payment with that. And then other large purchases, $215. The other large purchases were Secret Level Stand, the Code Academy, Venmoing out money, cash out about money in Corsa? Corsa. Coursera, yeah. Because I was thinking about doing a tech certification. That's why you did the Code Academy as well? Yeah.

But you said you're not doing tech, though. No, because I was thinking about it. And then I started doing it. And then I was talking to a friend and they're like, it's super oversaturated right now. And you're probably not going to get a good position. It's interesting. Whether it's oversaturated or job market, it's an interesting conversation. There was just a lot of, a lot, a lot of hiring in the pandemic when money was cheap.

And there was also a lot of competition to get the best talent at different areas. Typically, where the big competition is, being able to negotiate pay raises and open. positions in the tech market, but for very, very highly skilled and experienced individuals is in the world of AI right now. But even we're starting to see that I get cut back as well. So you're right. I mean, the tech market is more competitive. It doesn't mean it's a market that you're not going to be able to make a living in for an entirety of a career. So, I mean, if that's something you're interested in, I would still pursue it. That's what you're interested in. Sounds like you like the accounting side, though. I don't know.

I do like the, I didn't realize I liked the accounting side until I started working at like the job I'm working on now. Okay. So, I mean, you spent 1,000, 200 bucks on bull just about just got to cut down on that bull that's uh that's a thousand two hundred dollars it's half your income that's all that's 40% of your income cutting back that's not cutting back that's like that's going crazy it's a lot of bullshit it is just whether or not you can go from 1,200 dollars a month of zero is my big concern but we're going to make you a budget and at least where you can start sticking to your rent is what?

It's $900. I'm sub-leasing from a friend. It's not bad. Utilities? Included. That's incredible. Internet? Also included.

That's beyond incredible. Take advantage of this where you can. Yeah, this started recently. So that's also another thing that happened with a job transition is that I moved out from my ex's place to. You were living with the most recent ex? Yes. We moved in.

You're just like, how long are you guys dating? A year and a half. Oh, okay. I guess that the break of the engagement was longer ago than I thought. Yeah, yeah, yeah. Okay, I was very confused. You didn't get a horrible rent-owned shit with your ex either, right? No, no, no, no.

He bought his own house. I was just living there and paying rent. You're not on the mortgage, are you? No, God, no. Okay. So you like to do that. No. Okay, your payroll, $2,235.

I'm getting paid weekly, by the way, so. It doesn't really change our budget. Okay, perfect. I just wanted to make sure. So gas electric utilities, rent is insurance? No. I would get it. Okay. Do you know any like ones that are like decent? Lemonade's good.

Lemonade, okay. That's what I used. I'm going to put 10 bucks a month there. Might be like 15. Gas, room, room drive, drive. How much? 140. Cool. Carner assurance? 157.

Okay. It's not horrendous. Your debt, minimum monthly payments. And again, those other ones are not charged. off, so I need to put like 40 next to them. Okay. I don't know what to do for the cook's over because you kind of just owe the whole package right now. Yeah.

So what your normal minimum fee payments, and this isn't going to be exact because I'm having to do some guessing based on the fact that you owe a ridiculous amount just to catch up. But you're likely at somewhere around $884.69, which is insane for your income. I mean, that's crazy. That's 40% of your income. And then you go and spend more than that on bullshit out to eat. You probably have 15% of your income left. And then you still have to make a $900 rent.

Like, are we really surprised you're spending double? No. Or not making your payments? The rent is split up to two payments a month. But it's still 900. Yeah, yeah, yeah. Oh, God, I don't care. Okay.

We're doing your month. What's your phone bill? I get it through my family. Good. Good. Do helium when you get your own for $20 a month. Okay. T.P.

Find anything else you need to survive? this is makeup, this is whatever. 100 bucks a month, $300 for groceries. And do you have like ongoing, oh, okay, yeah, therapy. Well, it's going to be your co-pay. I don't actually know yet, but I was trying to do better help. Okay. Well, they don't do insurance through them.

As far as I know, you can do something more like Sondermind. They connect you with therapist. Can I get that, like, written down somewhere? Can I write it down? Sondermind, yeah. Okay. You don't know what your co-pays for specialists are on your health insurance? You haven't looked?

My co-pay is like $30. No, for specialists. Oh, for specialist, 60. Okay, it'll probably be something like 60. Could be more, could be less. It depends on your insurance. Okay. How many do you want to see it weekly or bi-weekly?

Probably bi-weekly. Okay. I'll put it in 120 for now. We'll see. Okay. You have pet insurance for your cat. I don't. Old is your cat.

He's one. 35 bucks a month. Could save you a lot of money. Yeah, because that was actually one of my questions. How much for cat food? Ooh, I'm going to say 60. Because I get wet food too. I spoil him.

I can't speak on the health of the cat. I just don't think you should have got a pet until you can afford one. Well, I don't want to take away something that might be considered necessary. I haven't had a cat in a while. He is my ESA. He's your ESA? Mm-hmm. And you're why he's going to be homeless soon.

No, don't say that. That's why I want to fix this. I want you to fix it as well. Unfortunately at this point, you're $500 below. It wasn't an income problem. It was a spending problem. It was a spending problem,

but you spent yourself into an egregious amount of debt. And now you have no choice but to make more income. Yeah. So it's a combination now of income and spending. It wasn't an income problem. No. Your spending problem got you to the income problem. So you're right.

You have to work this part-time job. your negative $571.69. You need to literally make that much after taxes just to break even. It's harder to give you a debt payoff strategy without knowing exactly how much is coming in. I would shoot for a minimum bringing an extra thousand hours a month. And that's so much easier said than done. You really probably need to work 70 hours a week. Yeah.

80 hours a week even, which is unsustainable for a certain period time. like a unique human who can do that ongoing because you probably need to make an extra $2,000 a month net and that's basically doubling your work and especially if you get a $15 an hour job or whatever like yeah you're going to have to work minimum 40 at that but the thing is in order to just even catch up on your minimum of the payments you kind of have no choice but to do that at least for a couple months and even if you only then cut back to like an extra 30 hours a week which is still insane and you make like an extra $1,500 net, then you only

have $1,500 to put towards debt. And without getting rid of the key, and we couldn't even get the value of that. I don't get rid of the key. I mean, that itself takes 30 months to pay off. And that's a horrendous interest rate. We can't keep that there. And you're just at the beginning of a seven year thing. Then who knows what happens if your ex-fiancee, you know, bails and you all of a sudden have to start paying that. And if you don't,

this is a mess. If you want to take your investing to the next level, my new investing course is still on sale. Until July 1st, we're offering the course for only $97, which is $50 off. You'll get over 55 lessons, the best budgeting spreadsheet, known demand, portfolio strategies, worksheets, retirement strategies, and I'll give you a $100 $mumu cash reward when you sign up with Mumu. Check out the link below for more. Stop buying sweet treats, people, and start investing. Luckily, a lot of these credit cards are a small enough balance where if you bring in an extra $1,500 a month after you catch up in your minimum

monthly payments, you can have all your credit cards, seven months, about six to seven months. If you bring in an extra $1,500 a month net, after catching up on your minimum monthly payments, which is going to cost also a couple thousand dollars because you're so far behind. About a thousand dollars. No, a couple thousand dollars because you have the quicksile. over. And then it takes like six months. And then with the key, I would try to check the value, see what you can get for private market. But you also need a car and any need to see what you can qualify for in any kind of loan. But if possible, what would save you an extra 10 months of work

based on your hopeful income is literally, again, borrowing the difference if you can sell for 20 and then getting 10,000 hours for a car. But if you can sell for more, I don't know, based on just what was going for sale. They're online. What you got sideswiped. I don't know. I don't know what you can get for. It might be like $20,000 and you might have to do that little configuration.

Listen, one thing that might be worth focusing on is getting that accounting certification, building up your resume the best you can and trying to find an accounting job, seeing if we can get closer to $25, $30 an hour. Let me look up some median statistics. Yeah. For entry level accountants in Austin, it's 2470 an hour. And then you'll be able to get up to 30 pretty quickly over the course of, you know, a couple of years or so. And that honestly might even be, if we're able to just make minimum fee payments.

Sorry, I'm really trying to think through this. This is a complicated puzzle of a situation because the 30% interest rate on so many of those debts, the extra $5 an hour isn't going to make up for that. in terms of return on our investment. So I think what you have to do, unfortunately, is aim to bring in that extra $1,500 a month, $2,000 a month

by working 30 to 40 hours a week extra, which is insane. And with your health issues, I don't know if you even can, but also at the same time getting the certification in accounting, then once you get that, literally building resume,

practicing interview skills, trying to get a $25 to $30 an hour job in the world of accounting in Austin, and it's going to be more entry level, closer to the 25, switch to that when you can, and then still try to bring in that extra $1,500 a month. But when you do that, if you're able to somehow maintain that,

while also cutting back to zero, which, again, that is, and despite what some people say, I know is unsustainable for a long period of time. I talk about temporary sacrifice and give people stretch goals and, you know, room here and there. But you're just not able to afford to survive right now. So it's just like you would have to cut back to zero, work 70 to 80 hours a week while getting the certification,

while applying for jobs to get the better income. And it still takes three to four years to do this and get an emergency fund. So this is going to be a tough road ahead. This is going to be a tough road ahead. This is what you got into, though. This is what you got into. And the thing is, the reason why it's going to take so long to pay off is the Kia. Yeah.

The thing is, if you didn't have the Kia, a lot of this credit card debt, though you're behind and it's kind of gross how you've been doing it, the balances are low enough that we could get out of this in a year and a half if we really grind out. Sure. So I might, honestly, I might call a dealership today and see what you can get for a trade in. Really? I really might.

If we can get rid of this for even $25,000 and borrow $15,000, you need to see if you can qualify for $15,000, get a car and pay off the difference. Okay. That's going to speed this up tremendously, almost by twice. student loans, eventually, once all this debt has gone on, I'd get on a traditional 10-year payment and pay it off within that and minimum-monthly payments, well, it's saving up for an emergency fund. But this car is going to be what's holding your back. So the quicker we can get rid of that somehow, the better.

If you're able to private sale it or trade it in for $25,000, that'd be incredible. I don't know what the value is. Again, they were listed from anywhere from $25,000 to $35,000 in dealerships here. Yeah, but I don't know what you could get for it. Probably not. 35, obviously. No. Exactly.

If you can get it for 25, I don't know. I need you to make some calls after this. There's going to be some work that needs to get in. Yeah, no, of course. And obviously the discipline side of things, but even still, for you, the car is kind of the solution here, and it also opens up a tremendous amount of your income, $624 of it. And I will say I do regret getting the Kia because my Nissan ultimate payments were $257 a month. Yeah.

And, yeah. And you were probably decently close to paying it off. I was like 70, 80% off, I think. Allow this to be your learning mistake. I was going to say for situations where it's so difficult and the income stretch is so large and the sacrifice is so long to get out of it, bankruptcy is sometimes an option. But for you, again, the car is the issue. Yeah.

And you're not going to want to give that up during a bankruptcy, likely through your situation. So again, the things that would be forgiven are even the things that are holding you back as much. So you need to look at getting rid of this car. Okay. But if it all of a sudden comes in like the value of 15,000, this is going to start becoming not worth it. And you're just going to have to grind this out for like five years. And the reason you kind of have to is for your future. Yeah. Yourself right now and through your early 30s, if that's the worst case and that's what you have to go down, you just have to remind yourself that it's literally for the next five, six decades of your life. That's why you're doing it. Yeah.

but it will be a suffering of a few years. It really will. Yeah, hopefully we don't have to do that though. No, I'm going to make the calls as soon as I leave and then I'm going to go ahead and meet up with a, I don't know,

see if I can get anything remotely close to the 25K for this car. I mean, you were correct about your Hammer Financial Score. I mean, let's change the mood. Let's have more juicy, fun conversations about that stuff in the post show. So make sure you guys click the join button below or check out the link and join us for the post show and all the other member streams and things that we do. Help support the channel. But for your Hammer Financial Score, I think you're completely correct.

I mean, you overspend on your budget. So zero. Debt, you have collections, zero. Emergency fund, you have nothing. Zero. Retirement. You're drawing from that. You're pulling from it.

Real estate. Technically you're on it, but you said even if he sells, you don't get anything. So it's a zero. Yeah. Hammer Financial Score 0.10. Make sure to check out all the resources linked in the description below. They are what I use or would use in specific situations, including the best budgeting and investing program, which are now bundled at a lower price.

Make sure to check those out. Now join us for the post show. Today on the Financial Audit Post Show. Here, you can review my embarrassment of a profile right now. I saw it. I don't want to see it again. Oh, was it bad? No, it's not that bad.

Did you see it like in the wild? Yeah, I did in the wild. And you X on it? Hey, I didn't X on it. You never smashed back. Oh, so you said it like. I'm sorry. I was like, dang, he's got cute.

To watch the Financial Audit Post show, click the join button. and below.