Financial Audit - Dumb Stripper Blows My Mind

Episode Date: December 18, 2023

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Paradey presents Ohos with Alergy and Picasson Contra the Hardinero And the Gannadour is Paraday Extra Fuerte To alleviate For Allerperia Claritin and Flownays

At one at the 24 hours Paradey How much? How much? I had an accountant How much? I think it's about maybe 60 If my...

What is this? Why? Why did you even tell me? What am I supposed to do? Because you asked like four times. I didn't want to. My name is Krista. I'm 33. I live in Las Vegas, Nevada, and this is financial audit.

What do you do in Vegas for living? I am a... Strzap. All right. I've never been to one. Is it a good time? Um, it's fun. It's fun.

I always say it's the only place in Vegas where you went over the house. It's a lie. There you go. I just assume it's going to be stinky and sticky. No, I work in a nice one. There are those, but I agree. I got into a good one. Gotcha.

What are we bringing home just in general on a monthly basis? Well, that's our average. Because I know there's a lot of tips and everything, right? So this is going to be up down, up, down. It goes up and down. I'd say average, maybe like 12. A thousand? Yeah, because I make, I'm at about like 120 to, probably about 10, 120.

I get, I get VA disability. So I get, yeah, I was in the Navy for six years. Oh, very cool. Okay. And what is that on a month basis? I get $2,000 for that and free health care. So I can't put a price on that. Uncle Sam is my favorite sugar daddy.

And then, yeah, in the club. Like, it really varies. Like summer really sucked. I don't think I made more than like four or five grand in the summer. But like October was pretty good. November was really, really good. November, I probably pulled in, like, 13 maybe. Damn.

Yeah, no, that's stupid. People just... It's stupid. It's worth disappointing my parents, for sure. Yeah. Well, yeah, what let us say this, because you're the first person that's in that, in this world on the show.

Congratulations. Thanks. Woo-woo. What has led you to the Navy to Shr Club? Yeah, so the path from that was, I got stationed in California. When I was stationed in California, I was like, for the rest of America, I'm going to stay here.

I started going to school, and I was working, like, restaurant jobs and stuff. And then I got an opportunity to do bottle service at a club in San Diego. And then from that, I kind of got into the modeling world. They did a lot of atmosphere modeling. And then I had to quit that job to move because I didn't get into the school that I wanted down there, but I got into a really good school in Orange County. So I moved out of San Diego.

I went to Orange County. I was broken. I was going to school. I was actually living in a van at the time. And I wanted to save my GI bill because the GI Bill, it only gives you like 36 months. And I wanted to do like a grad program, like law school or something. So because, you know, that's more expensive than undergrad. I tried to pay as much of my undergrad as I could out of pocket.

And I met some girls who lived in Vegas who were like workers. And the one girl was like, you know, you should you should become a s**. And. Oh, do you at the time? Huh? How old were you at this time? So I was 29. Okay.

So I got in kind of relatively late. Yeah. Because I got into modeling late. You know, I was like a lot of the agencies and stuff, they wouldn't even see you if you were over the age of 23. So I auditioned at the club. I'm still there. It's the only club I've ever worked at. I got hired.

And yeah, I dropped out of school for the first time. I was for about six months and then COVID happened. And then I went back to school. And then when the clubs opened up, dropped out again and moved to Vegas. What about longevity? This is no offense to. No, I know. There's a time limit.

Yeah. Well, I was going to say what, what is that? No offense to biology. So, you know, there's, there's a girl at the club. It all depends on, like, how you take care of yourself, you know. But I know girls in their 40s and one girl's in her 50s and she still works. She doesn't look like she's 50, but she is. And they do as well. They're making like six figures. I mean, they're there. I don't know. I mean, I don't know if, if I don't really ask like how people do, you know. But longevity, you see you being able to do this for decades? No, I can't do it for decades.

Oh, you hate it. Yeah, I hate it. Oh. Like, you're cold. No one ever prepared me for colds for colds for all the time. And, you know, you do deal with some rough clients, rough customers. Yeah. So, but like, it's such a, I mean, I can't, I studied sociology.

Like, I always say the only way to make money with a sociology degree is to become a. So, like. I wasn't going to say it. I say it all the time. I like say it all the time. So I gave myself, you know, like, when I first started, I said I would do it for five years. I took a year off for COVID. So, you know, I'm still on like year four maybe.

What then? Well, so I'm trying to start a business. You've also invested into it. I have, yeah, I've invested into it. Something was done somewhere here that cost a lot of money. Yeah, no, I had my business done. I didn't want to hear this story about that, right? I had them done previously.

A bad story. I had them done previously. One of them fell out in the pocket. Same. And it was like rolling around on my chest like an egg yolk. It looked and felt really weird. So I had to get that fixed. So that was...

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your private information should stay private. Don't let others profit from it. Sign up for ORA at ORA.com forward slash hammer or through the link in the description below. No, if it was physically uncomfortable, I was like, I got to get it fixed. Like, I was going on my like, sleep on my back, it'd be in my, my air, or my armpit. Yeah.

No, it's expensive. Yeah. But I, I know I can make it back. I did the, yeah, but you're only giving yourself a year. I make $10 a month. Yeah, well, if we like $12,000 a month, then why does any of this exist? Because we're about to get into some of the highest total debt balances I've seen on the show in terms of individual debts. So, yeah, we make a lot of money, but why does it exist?

Well, yeah. Well, okay. So, okay, the job thing, I was kind of back into a corner a little bit. A lot of this credit card stuff is because I purchased a property in Arizona about an hour outside of Vegas. But I plan on turning that into an Airbnb slash like event space. Oh, why do you have credit card debt? Yes. Why do you have credit card debt?

Because of the renovations. I was doing like a full gun rent. Oh, no. You're putting that on credit cards, though. I paid a lot out of cash. A lot of it I pay cash. But you're still putting. This balance is at $9,094. And there's still purchases, even though $156 is accruing an interest, $600 payment, congratulations.

But $505 was spent. The balance went up. The balance went up. And you are so close to that $10,000 credit limit. You're right. You make money. Why does this exist? This is accruing interest.

I know. You're in, okay. So we put our internet. Sure. We put some gas there. sure we're getting some beans and brews and pie hole i mean that was that was a trip i took so that wasn't in in Vegas i usually eat no more trips no more eating piehole you go up there and you show your pie hole that was a terrible joke that's illegal i'll work at a whole i i had to

get it out i felt it coming before the episode i needed something inappropriate one inappropriate joke wherever you find them go ahead just just insert him in there snap fitness is well and just I need a gym. I get half negative from strangers. I need a gym. Yes, very fair. Very fair. That's illegal, huh?

Full nude, yeah. There's only one full nude club and I'd never work there. Interesting. I wouldn't have known again. I've never been. And so actually there's laws about how much like square inches are on our thongs. We have to have at least like two or three square inches. Oh.

Yeah. Three inches is huge. Okay. That's when I'm feeling modest. So we owe $9,094 on this card. I think that's a little less because like I said, I- $94 less? I paid a bunch.

No, I think I paid like probably close to like $500 or $1,000. There are going to be so many people angry at me for the inappropriate jokes, by the way. That's fine. I'm about to get called many a words. I'd rather them light you up in the comments than me. Fair. I'm doing it. So that you, yes, yes.

That's because I have no filter. definitely not okay and we have minimum monthly payment of $247 and 16 cents and yeah we shouldn't be spending on the $1,269 of interest has been stolen from you that's so far on here and $10 of fees that's a lot earn this period was $10

of cashback we lost $156 this period in interest so great this was all renovations but you're still spending on it why are you spending on a card that's almost at its max that you can't pay off so here's what i did i the two credit cards because i have them all like on my online shopping and stuff i canceled those cards and i have not used them since i've just been paying them off i got the new cards in the mail and i haven't even called to to get those like like you can look on my costco app it says you have an alert you have to call us and

what get your card set up because i i like said that i lost them i don't know I don't care, right? So I wouldn't put any more on it. Okay. So I'm not using this card. I don't even physically have it. All the other ones. Did you do the same for every other card?

I only have two cards and yes. Okay. Consumer loan bill. So is this like a personal loan? Yes. It's a very tiny balance. It's $20,130. Okay.

So here's what this one is. Oh, boy. And I'm hoping that you think that this is kind of smart. So what's the date on this one? The starting date? November to October. When did I get the loan out? It doesn't say.

Okay. It's also a 7% which is not great. Oh no, this is my truck then. This is my truck. So, okay, I had a minivan. I got into an accident. It wasn't my fault. You need a truck here.

What are you lugging? Hold on. Now, listen, I do a lot of like, I'll like buy furniture and like flip it. Like, I strip it and like refinish it. And with the house, you know, I've been doing a lot of the renovations myself. So, you know, I just felt like I needed a truck. I wanted something to tow. In hindsight, in hindsight, perhaps I should have gotten something a little bit more modest.

Yeah. What, like, okay, if you're making that, is it making up to 7% that you're losing on this? Is it, is it, are you profiting? Are you profiting over this after the $564? 97 cents on a monthly basis. So compared to the van that this replaced, the interest rate on that van was 13%. I don't care. I don't give a shit that van.

I care about the truck that's in front of me right now. And I do too. I love this truck to death. It's a great truck. Americans in their trucks, you're not carrying around anything. You're carrying around a new... How do you know that? You're carrying around a new job to your job.

I know. The house in Arizona, I do a lot. I've been doing like, like I've done all the material acquisitions. You need a truck for the... that you need a truck to like like I literally gutted it myself you really yeah okay man you went into a lot of death for just self renovations then I mean I hired some of it but like I've been doing like a lot of like I've been buying a lot in like materials like I've been getting like good stuff but um 95% of my driving yes it's too much I'm not utilizing the truck to its full potential but most Americans do they get a

truck and then they take you they go to the grocery store But, I mean, I have one vehicle versus two. You know, it's like... You're one person. Why would you have two? Well, for when I do truck stuff to win the non-truck stuff. Yeah, but is it profiting? I mean, it will.

I think it will. Okay. Okay. Also, you're past due. I already paid that. I got... You better have. I do not want to see past due ever again. I think I'm paid up until January.

I've been over $1,000. Yeah. They're expensive? I always say you get a better interest rate on a... job, then you can a federal student loan. And unlike an education, does it make you money. Zero percent if I pay it off in a year.

And I'm already like, what? I got like $8,500, $7,500 left. I'll pay that off end of the winter. Yeah, I couldn't see your current balance. You're $7,400? I believe so. I can pull that up if you'd like. And it needs to be paid off by...

Next October? End of September. No, next September. End of September. Okay, so nine months? So you need to do $800. 22 dollars a month, which is... Manageable.

Close to what you're doing. You didn't fully do that October. You did it in November, though, which is good. You played a little ketchup in November. By the way, even though I make a little goose and gaffs because I'm just trying to be a silly little boy, I totally get it. Totally chill.

I support anything. Do whatever. And then, of course, obviously, the medical side of it, where you had to do it because, you know, whatever egg yolk or whatever, I like, do I like that? Well, I think you make enough where you could have been able to pay this in cash, but it is 0%. So if we're managing it right.

It was an emergency thing. Which is when you have an emergency fund. Yeah, that I don't have. Exactly. But for someone making your money, you definitely should. But then I'm like, yeah, 0%. Sure. Arbor tries a difference.

Guess what? That's not 0%. That's like 7. No, no, no. But I'm saying on a credit card, we're not fully paying it off. And has this $1. so I don't think you're the person to take advantage of 0% stuff. And we're only a couple months into it.

Like, who knows what it would have been a year from now if we didn't meet now? Here's our other card. Again, we put a little bit of panic. Congratulations to it. Then we spent $8.38. $399 of interest was stolen from you. That's insane. In a monthly basis on a credit card, that's insane.

You know what else is insane? Credit card limit, $27,000. sitting at $27,016 charging you well you're over the credit limit so we have an oh that's that I paid like three grand of that you better have what's it at now because you went over

the card limit it's a 24 24 it's it 24 and it's still unacceptable I know what was this was this another house card no I mean I did put some I put some plumbing on there I put like three grand of plumbing I bought a bunch of Home Depot so you just

well no it's you make enough money to cash full life if you manage it correctly. There's no reason for you to be in this debt, especially since your job is not a longevity job, really everything that you should be making, you should be going towards investing because it's that kind of job, kind of like the job that I'm in right now. It's not a longevity job.

I don't know. Depends on the YouTuber. But either way, why I'm investing everything. You know you have a year left, yet we have a year left of the five years we were going to do and we're tens and tens and tens of thousands of dollars in credit card debt. I got two years left because COVID,

But I lost a year. Okay. I lost the year in COVID. Still, you're over and a halfway through. And that was just a mental thing. Like, if I'm doing well, like... You said you hate it. I do, but I like the money.

I know, but do you find yourself... The ATM makes when I go make deposits. I agree. I agree. I just, if truly, you mentioned a couple dangerous situations, I don't want you to be in danger. Like, that's unacceptable in my mind. So I just, I don't want you to ever be, like, afraid, right?

Like, there's a difference between not liking a job and being afraid. If you ever truly do feel afraid, I don't want you to be there. I mean, there's security and cameras and stuff. Sure, but you did mention being afraid. So I'm just going to say that. Yeah. No one should be afraid at their job. So, I mean, that's more of just like, you know, me wanting you to like be okay, right?

Lots of gas and that makes sense because of the truck. eBay, eBay, pit stop place, and eBay. Veterans, you're contributing to a veteran thing. Oh, yeah, I signed it for the VFW. Well, I can't. It's cut off halfway through. So that's the VFW? Yeah, no, veterans of foreign wars.

I think that's what it's going to be, VFW. So, I'm an animal hospital stuff with that's necessary, I assume, typically. And 7-Eleven gas, it was not Takedos. But again, interest charged this year so far, $3,000 this year. $3,000 this year. How many calculators do you go through? I've never had another one. Really?

Not on this show. 2.5% of the money you earn this year. Oh. has been stolen just from this card alone, this card alone. And it's this year so far. This year's not even done. It's actually a couple, like, more than a month before the year ends with the end of the statement. Oh, this is the 15% loan that you thought I would be happy about?

Oh, no, no, no. There's another 15% loan. I think you'll be happy about that. Something different. What am I in? Honestly, I forget. Oh, no, I took that out because I thought it was going to buy a mobile home and the deal. fell through and so I think I used that to consolidate debt but I didn't do a very good job because

I still have that because you still have all the debt and there are their maxes the debt yes also your minimum monthly payment is $666 on the Navy Federal that's insane okay now okay so consumer loan 5,8509 dollars 50 cents 720 dollar minimum monthly payment no 7266 Great. So this was consolidation, then you racked it right back up. That's why some people are against that consolidation, because people consolidated and they don't fix any of the behavior, and then the debt billed all the way back up again.

I learned that, yeah. No, I'm one of those. You're not a credit card person. Don't use credit cards and the existence of credit cards in your life. Yes, sir. Not a thing. So this is my property. It's a 10% with the loan you did.

What kind of loan did you do? No, it's 5%. No? You have two 5% on it. Total effective rate 10%. Did you know look at what you signed up for? Look. Here, it's your own thing. I did not know that that's what that meant.

Well, the default interest rate. I don't know what that is. I don't know what a default interest rate is. What did you sign up for? I thought it was 5%. 67. What kind of more, like what did you apply for? So his owner will carry.

So it was the, I basically the owner before he financed it. And then I pay him through like a title, title service. Yeah, you're 10%. dude. Yeah, and you're pumping money into this house is hopefully cash flows. I'd rather you'd just be throwing money into the market, dude. Not into real estate. It doesn't seem like you understand real estate. I don't understand the market either. No, but at least you just throw it in and forget about it. This you're going to have to actively manage. It's going to take a lot of time, work, and money. I like, I like it, though. Sure, but I like you being able to retire. This is my retirement. I'm going to

retire here. You didn't know it was at 10%. I didn't know it was at 10%. And also, typically like, some of the best stock market returns you'll get. Some of the best stock market returns you'll get is 10%. And that's the interest rate on this. You're going to, you're, are we sure that? Because it's default interest rate. I guess, okay. Listen, first of all, you send a screenshot. So it's not a statement. So I can't see all the nitty gritty. I can only see what's right in front of me. And with the, it looks like with the clauses and everything in this, the total effective rate as it says is 10%. Okay. About a $60,000 house. Well, it was $90. I had to put some cash down. It's cheap.

Yeah, I got an acre. It's in an area that's going to Airbnb? Yes. So, okay, it's like a half hour from the western rim of the Grand Canyon. Like the area itself is already kind of like a tourist destination. There's a lot of like hiking. It's close to the Route 66, like the old Route 66. If the demands there, why was it so cheap?

What's that? If the demands there, why was it so cheap? Because the area itself, the local population is pretty poor. and, you know, so a lot of locals weren't able to buy it, but, you know, I had the income. People are not going to like that. I know, I know. But that's because the property sat for like a year before the owner finally did. Owner will carry, and that's why I was able to purchase it.

What's your minimum monthly? 840. 10%. 2% higher than the highest mortgage rates that have hit up to this point. I legit thought it was five. I'll have to look into that. Because that's news to me. Anything else?

Savings a dollar and 24 cents when you have all this debt. And you got a house? You don't get a house without a fully-fitted emergency phone. Usually don't get a rental place or anything like that until you have a personal residence. The amount of risk that brings to your entire financial future is terrifying. You have no idea. Or something bad is going to happen and that place isn't going to be operable because you won't be able to pay it. And then you're just paying on a mortgage of a place that you can't sell.

I don't know. It's very risky, my dude. Very risky. Yeah. But like, okay, so with the property itself, I really think that once I get it up and running, because I did Airbnb for a little bit and I had success with it. If nothing bad happens. If nothing bad happens, yeah.

It's real estate. Something bad always happens. Well, okay, you want to talk about real estate. So it's pretty isolated, but in the town between where this is located and Vegas, they're building like a whole new, like they're building a whole new, like, they're building like a 50,000 person town. Like they just approved plans. There's going to be an Amazon warehouse.

Two new schools, like a middle school and a high school. A water treatment facility. So. Dude, this might appreciate that. That does not change the situation of you having no savings. Yeah, I don't have savings. Your risk profile is not limited because someone's building a town somewhere. But I think that my, the asset that I do own.

I hope so. We'll go up in value. I hope so. The work that I've done on it, I know it's gone up in value because I've put in like tens of thousands of dollars that you don't even see that I've I've put into this place like I put in a new HVAC I put in a new roof it had some structural damage I had to fix all new kitchen all new countertops like I put in a lot of money a lot of sweat equity into this place okay yep there's five dollars and this checking account nothing ever happened in that checking account. No, I don't know. I don't even know why I have that one.

Zero dollars of ending balance in this checking? What's that? Zero dollars ending balance in this checking. Well, this is like, you know, from a month ago. They didn't update because they update on the night. No, that's terrifying. I don't give a shit. At this exact date, there was zero dollars in a checking account.

Well, I was still healing from a job. I had to take like a month off. So I couldn't really work. So why did we have that spending that we saw that on that? That did not matter if we could not work. Because I'm not very smart. Correct. Well, actually, I wouldn't say that.

But your spending was not very smart. My spending isn't very smart. Taco Bell, Apple Bill, Wetzels, fresh attractions, something at the airport, bagels. Yeah, these are necessary when we can't afford to live, right? Can't pay off our card, cards, interest is accruing, zero dollars in a checking account.

Verse, verse, a wall. IDMA Oh, TSA. TSA pre-check. I'm missing out of flight. Yeah, the more flight stuff and L. Pollo loco and more stuff at the airport and

transfer from you have a line of credit against your checking. Oh, that's right. That's the... Overdraft. You make too much money to be overdrafting. And you're choosing, again, Apple Bill.

So Venetian place and the Pelagio and... Oh, that's parking. I get free parking now. I signed up for their veterans thing, so... They started charging everywhere for parking on the strip because of F-1. This spending when you're overdrafting makes no sense. Cafe, talent testing, $155. You're trying to do something?

Apple bill, Amazon, Amazon. Caropiates, and Apple Bill and pretty nails. Got to get pretty nails. And Club, Cappuccate. you know, Amazon. Amazon. The Lomango Hotel because we travel every second of our life. Checking line of credit advance.

My stepbrother. Cool. You can't afford it. Checking line of credit advances. Checking line of credit advance. Give a gift gifting is one of my love languages. I can't afford it. I don't do it. Because it just your entire life. We're not

doing that. You make too much money. You need to grow up and be responsible with your money. Like right now. This is not an option. You have two years of this lucrative job. left and then what then what from there we might make half the income we might make double but we might make half what are we doing then what are we doing if we're taking this debt into there if we're taking payday advances now it's how to grow up i understand that i am hopeful that when this hope is not not a financial plan optimistic it's not a financial plan either a plan is a plan

that you plan then you execute on i'm executing the plan of the the the pink Flamingo in Arizona taken off and being like a thing. That's the town? That's what I call my property. Navy Federal. Being real nice to Navy veterans, it's the line of curtains. I am happy to see $15,000 in Schwab.

I'm happy to see that. Not happy for your age, but happy to see that. How much is in your retirement through the military? So the TSP, I just looked that up. Gosh, that lost a bunch, but now it's... Lost a bunch of how? Market performance? Market, yeah.

It was at like 27 for a while. while, but that was when Trump was in office. I think it's kind of realized it's more actual. It's like 21 now. Wait, I mean, what was it invested? It's depending when during that time period. I mean, the S&P 500 is up depending. I don't, some of it was, yeah, like stocks, but I think I had it in like.

The 2020 election, so 2021, he was out of office. And at that point, the peak that was seen then, this is not politics, by the way. just showing what the market has been since you're talking about it. The peak that it would have been, would have been 381 in the S&P 500. Right now it's worth 460. So it's different funds. Yeah, but what funds did you put it in as when I'm trying to figure out? Like G fund, I fund, I have it split up.

I think I put a little bit into like S, but the one that it's in the bulk, I think it's G, like they had like 30% like returns. And because, you know, I get a statement. every year. And then, you know, when the election happened, it, like, tanked. It went down like 20%. Okay. How much is in there? Like about 21,000. Okay. And there's 15 in there. Still behind for your age, but I am glad there's a foundation. There's a foundation to build upon. Yeah. And I invested in a bunch of stupid stuff, but I've been doing these because these have been doing well. And yeah, that's just the S&P 500, yeah. Yeah. That's what I was just, that's what I was just reading off of. And then about,

What would we say? About 20%, 15, 20% of our portfolios and six individual stocks, five individual stocks. T-Mobile, unrivaled brands. These are all weird. That's a T-Mobile? A T-Mobile isn't, but the rest are- Classic. And then this one is like a energy company, I think.

But yeah, I thought it'd be like, I bought all this like years ago and I was still in the Navy, so a lot of these are from like 10 years ago. I thought I'd be legal by now, but I was wrong. What do you mean? I mean, most places, isn't it? Well, federally to where, you know, these companies will, you know, because it's still cash. And so they have to, like, basically trade on, like, tertiary industries. But once I think it's federal legally and the banking on that industry kind of levels out and they can, like, trade it like they do commodities, I'm hopeful that those will come back.

If. Yeah, we had a total income of 5,622. So, slower month, total spending of 6,142. Food, 300 bucks. Necessary food, 150. Extra bowl. Tequitos. About 150.

Tequitos. Tequitos on the show. I know. Just things you're just going. Extra purchases. You know, whether it be gas station or one or whatever. Then I buy a lot of tequitos, yes. Yes.

And then unknown shopping's a huge percentage. Almost 7%. Let's see. I know shopping is usually Amazon because we don't know. with that as yes, Amazon, eBay, and Walmart. Walmart was like pet food and, like, toilet paper, stuff like that. eBay? eBay, my running shoes, I bought those used.

They're usually $100. I bought them for $40. The thing is, is you shouldn't even have to be able to, you shouldn't even have to need to do that. What's your plan, man? You have your mind set up, set out on this house thing. Like, what do you want me to do here? What should I do?

like obviously you know i've been all the money that i made this last month i put it you know towards debt so um thousand dollars no i put like probably four four grand towards all my debts well not that we saw no this was very very recently okay like the end of the month i did like what prevents you from building a back up like you did the one time you consolidated and then built it all back up again um i had some like housing issues i had to move a lot that ate into a lot of money Um, just, you know, stupid. I did buy a lot of stupid shit, admittedly. Let's get you a budget.

Okay. You're going to go through our budgeting program and you'll get you a good official budget and that will help you through a lot of this stuff. But let's give just like a loose where are we at. Rent. What's your rent? So my rent is, all right, this is a housing hack. So one of the personal loans, I purchased a mobile home in a park.

And the rents at the mobile home park is $380 bucks a month. So, and the mobile home was like $20,000. So that you have, that you, it's paid for? I'm sorry. Well, I use one of the personal loans. But, you know, considering that rents in Vegas, even like a department in the worst part of town. Yeah, but you've got a depreciating asset. I do, but it's still an asset that I could sell for even if it's not what I, what I purchased it for.

You know, I'd be spending $20,000 in rent in a year at an, at an, any other place, you know? Like a one-bedroom apartment in Vegas is probably about $1,500. It went up. It's insane. The one place I was at, it was a very modest apartment. It was $1,700. This, even with the money that I'm spending on the, with the rent and the loan with interest,

it's still cheaper than an apartment and I have a yard. The place where I live, I walk everywhere. I walk to the gym, I walk to the grocery store. The only time I drive is when I go to go to work. And yeah, yeah, it is a depreciating asset. But, you know, even if I sold it for like $10,000, had I rented a place, I'd throw away the same amount of money and I'd be lucky if I got my security deposit back.

262 one bedroom places right now that are renting under $1,200. in the Vegas area. Okay, and I've lived in some of those places, and when I get home, ask the reason is changing. No, listen to this. I get home to Crackadon with a bunch of cash. Not worth it. Not worth it.

Where I live is very safe. It's very safe, but no, those places, they're rough. Like, there's some places in Vegas that are very, very rough. I bet some areas are rough. However, this covers, like, the entire map. This is, like, all over Vegas. So I'm not sure every single places that allow pets. Most places would love to take your pet fees.

I'm not paying a pet fee. I don't pay a pet fee here. All right, all right. I don't pay a pet fee at the park. What's your rent? $380 bucks. Okay. Cool.

Utilities? So. Internet, electric, gas, trash, sewer, all that stuff combined. So gas, trash sewer is all covered under rent. So is the water. My electric bill, the most I ever spent on, The electric here running two ACs in the summer, like 24-7, was like $150. My internet's about $100.

And what was the other thing you said? You covered it under the what's covered. Okay. What about your phone bill? Like $50. Not bad. Yeah, I got a prepaid plan. Very nice.

I'm running out of ink. Health insurance. I get it all covered through the VA. Oh. Oh, right, right, right, right. Yep. Jim, what's your gym again? Like 40 bucks.

Let's get your minimum monthly debt payments. Oh, my gosh. Your debt minimum monthly payments are insane. This is why you have to live in the trailer. I choose to live in the trailer. I really like it. I know, but you kind of have to. Because basically $4,000.

It's $3,867 goes to minimum. monthly debt payments minimum yes food you live alone yes 300 200 people for anything else you need make up all that good stuff 100 uh how much for the pets um maybe like another 200 a month have a lot of critters so oh my gosh i just keep getting heartburn you're going to steal a pocket tom anything else you need to survive oh car uh gas how much in gas and car insurance golly that's a lot probably Probably like a couple hundred at least, 300, 400 maybe with insurance. Maybe closer to 500 because I have my, my runner's insurance and stuff. 500?

I mean, so I just paid. But that's not gas. No, not gas. I was doing insurance and gas. Oh, it's 500 altogether? Probably about that. Yeah, maybe like 250 and gas. And then, yeah, what's nice about where I live is I can like walk a lot of places.

So I try to do that. I only drive when I like have to. All right. So we need, there's no reason that that should exist. It's unacceptable. Are you contractors, Fliber W2? I'm contractor. I'm 1099.

Are you saving 30% aside for taxes? No, because we have $2.000 of savings. What are you going to do? Have you paid taxes for the last year? I paid 20-21. I still have 20-22. How much do you owe? I know, I know, a lot, a lot.

How much? I had an accountant. How much? I think it's about maybe 60. If my, if my, if my, What is this? Why? Why didn't even tell me?

What am I supposed to do? Because you asked like four times. I didn't want to. No, why haven't you told me this entire episode? I said you didn't have any other debts. I forgot about that one. It's a big one to forget about. It's just as almost as much as your house.

Yes. I owe a lot of money. And this year's done in a month. I know. I'm... Can you run off your boots? Unfortunately, I can't. Unfortunately, I'm not, I looked into that.

And so the funny thing with that is that if you get something like that done, it has to be like so physically uncomfortable, but like you ever see those women with like the massive ones that they're just like, how the hell those women can get their written off. But because mine are like, I derive personal pleasure out of them, then you can't write it off. They have to be like so. large that they cause like physical discomfort in order for you to like write something like that off so

if you owe 60,000 last year you're probably going to owe 60,000 for this year, right? My income in the summer took a huge dip. Maybe like 40 this year. According to your income, closer to that? Maybe, yeah. So another 40 we'll add to it. So we owed a total of $100,000 to the IRS. What are we doing?

What is this? Is this a show? Oh, God. Dude. Why have you not gotten on a payment plan? I need to talk to my accountant. I have an accountant. I've been avoiding them.

The accountant or the IRS? Both. Yeah, I was going to say, because we are in the last month of this year. I know. I filed for an extension, and then I didn't have it because it was bad. What is it? What is it? One second.

I'll do some math. I mean, maybe it's less than 60. I'll have to check the email. Maybe closer to 40. So really? 8,400 of month is what you have. Did you say you make 10 or 12?

Because you changed, you said both. It varies. I'd say with the VA. Oh, the VA, yeah, that's right. Probably.

And, you know, we're kind of in a silent depression. Like, when I first started, I mean, it was like, it was so easy.

My average earnings were like $1,500. Now they've probably gone down to like 11 or 12. So, you know, it, the industry as a whole has, has gotten,

a little bit more, you know, precarious, I guess. People less horny? No, it's just, you know, they're a luxury item, and we're the first line item to get cut in a lot of people's budgets. So, you know, and F1 was a bust. A lot of people thought F1 was going to be really good. I lost money on F1 because we have to pay to work, essentially. We pay anywhere from $90 to $150 every time we want to go into work.

Why? Do you're an F1 or always? Always. Why? That's just how it works. Where does it go? It goes to the house. It's your house fee.

And then you have to like, you know, tip out on whatever you earn. But I'm just trying to see. Okay, so $10,000 a month on average. Set 30 aside. Obviously, so $7,000 plus the $2,000. So $9,000 is what you have after VA and setting aside money for taxes, giving us an extra. $3,313.13 a month. That's what you should have if you follow my budget.

The IRS is what scares me, man. scares me. They scare me too. I know. I know. I need to get on that. It scares you. You haven't set money aside.

You spent money on... And fuck you. This year instead of not only just not paying last year's taxes, but not even saving up for this year's taxes. So what's even the point? I mean, should I sell the Schwab, the index and put it towards... Wait, what's it in? S&P 500.

No, no, no. Like what kind of account is it? It's an investment account. Just a brokerage? Yeah, just a brokerage account. It's not a rollover of any kind? What's that? Like an IRA.

No, I don't have one of those. It's usually the last thing I want to do, one of the last things I want to do. Still, the interest on these debts. I mean, there's no way the market's going to beat that on average. It might make sense. It might make sense. Because I don't want to get rid of it either because it is doing wrong. Even the house it might not beat.

I'm sorry. I'm sorry. You kidding me? Right now you have $212,000 of outstanding debt. The only thing that's considered an asset is $67,000 of it. The rest of it. Death, debt. That is including the upcoming IRS debt that you won't be able to pay for taxes

this year. So first of all, we're setting 30% aside for everything that comes in. Okay. It goes into a high-yel savings account. I use SO-5 for my own personal tax money. You can use whatever you want. Always, forever. Never anything else anymore.

30% immediately. Set aside. Not a question. Do I have this by the $3,3,313? We have left on a monthly basis, please, please, please. That's actually not terrible. It's actually not the worst in the world. It's five years.

So when I'm setting aside money to save for a new purchase, like a car or a home or taxes or whatever I'm saving money for, like an emergency fund, I'm using SOFI. It's a 4.6% yield on my money, and it's this absolutely incredible, why not take advantage of that free return on the money that's just sitting there. And there's great bonuses for signing up all the way up to $250. If you sign up using the link in the description below, it's literally free money. I use it.

You should too. It's five years. And that's including setting aside money for taxes already for future taxes. It's five years. I don't want you to be in a dangerous situation by any means. So that's not even a question. But if you're able to do this job in a non-dangerous way for five years, continue the income that you're out, you can get fully out of this situation.

I don't know what you're going to do after this job. I might keep working it if I keep making the income. I'm not going to walk away from that income. Well, again, the danger thing. But either way, Angie said you'd only do it for five years. Either way, I don't know what your income is going to be like afterwards and you couldn't live off half your income. If you maintain this income at another job or whatever, we'll take five and a half years,

call it six years after having to fully foot an emergency fund. Now What should be in an emergency fund? Whatever it takes for you to live on a minimal basis Like the budget I laid out for six months We'll call it six years But that's a very long time In the human perspective

Six years I mean you're going to be in year one Of six years I'm going to be like I can't go out to eat I can't do this, I can't do anything If I want to take care of the shit mess That I got myself in

What do I do for the other five years? Year two, it's going to feel forever. Year three, it's going to feel forever. Four, you're stretching the end of the tunnel. Five, you'll be like guns ablaze and let's go. We're almost done. But it takes a long time to get there. You've dug yourself a hole beyond holes.

The IRS situation has made this one of the most wild situations I've seen ever. Oh, God, okay. It's okay. It's not a competition. I want you to get out of it. I want you to get out of it. I mean, the path is clear. The path is clear.

One, well, first of how many hours a week you're working? So I go in, I go in, how many hours a week are you working? Maybe like 12. Okay. You're October hours a week. Congratulations. Go work an extra of 40 or 46. Go work an extra 46 doing whatever, whether it be Uber Eats, whether it would be anything.

I don't care. Whatever it is that brings in more money takes this from six years total to maybe four years total. The more you can compound your way through this debt, you know, whether you're killing high interest first or the low balance first, whatever way you're doing it, you're getting extra money in your pocket every time you pay off a debt that gets rolled into the next debt. And you're going to be going quicker. So the quicker we can start paying off one debt at a time, this goes from six years to four years.

So you work 12 hours a week. That's actually great. I'm not mad at that. I'm not mad at that because you're doing that making $120,000 a year. That's a dream. Okay. I'm also not mad at that because I guess there's so much opportunity to go make more money. It's going to be outside of the world, right?

I assume. And I also want to point out, so our club, it used to be 24 hours. And so I could go in during day shifts. And then we went to like from nine to six. So I could only work night shifts. And that's my sleep schedule. And it's like working like three, four days in a row. Like that's.

No, no, no, no. Stay on. Stay on that schedule. Nine to six. How many days do you work that? Like, so we go in six hours shifts. I probably work like two or three nights. a week. I go in based on hotel prices. Like if hotel hotel, hotel prices are pretty high, I go in

to work. We might just go into work every day. Even if we're not. I know, but I got to pay 150 bucks every time I go. You're going to make more than that, right? I mean, if we're at 120,000. It averages. Like I said, it's been rough. There've been times where I've gone in and, you know, you lose 200 with the buy-in and tip out. It's fine. So it's like a risk every time you go in. It's fine. You know the math. If it's not justifiable of gold in that day, totally okay. We're doing like overnight shelf stocking somewhere. It's crap you do not want to do. Crap, no one wants to do.

You're doing it so that by the time you're 40, you're not dying trying to pay off this debt. There's retirement plan for the house only work. Well, it takes a lot to work. But either way, regardless of any other criteria that's necessary, it only works if you're not dying in the rest of this hundreds of thousands of dollars of debt, bad debt. It's not a retirement plan. It's not a retirement plan if you have four times of it, four times its value in bad debt.

This $40,000 is likely not going to be paid immediately. I would try to get on a payment plan for these. Try to get a payment plan. I don't want to play the risk it game of just waiting until we have a lump sum to throw out it. They're the ones with the guns. You thought you've seen some scary stuff at the club. Wait till you see the IRS with a high-income earner who hasn't paid their taxes. That we'll give you nightmares

So we're not dealing with it anymore We're growing up We're mature We're gonna act like we're in our 30s now We're setting money aside for taxes We're not spending money on both We're working extra hours We're trying to take this down from six years

To fuck it, even three years Now probably not four years, four and a half years Until you've paid off every single bad Every single debt because there's not a single line Of good debt here I mean that 10% in the mortgage kind of sucks too So every single debt plus a six-month emergency fund. But then I don't know what your income situation looks after that,

which also makes me a little nervous. We'll have to have another conversation around them. I know it's a while from now, but we'll need to because I'm also scared for your retirement. You have a good base. You are behind for your age. And if we're 100% focusing for the next four and a half in the best ideal scenario at paying off this debt, we're going to be dramatically behind on investing. But we kind of have to because the market's not going to beat these interest rates

so that are on these debts anyway and IRS is not an option so at that point we're going to start contributing like 30 30 30 30 percent of our money to retirement on a monthly basis but we don't know how much we're bringing in at that point because we don't know if you want to be in this job you don't know if you're even going to be in this job by then you don't know if you're going to be making money in this job if you're in the job there's a lot of if and's butts my thing is is if I'm still pulling in comparable to what I'm pulling in now I'm even if I'm 45 50 sure and you said the word if so I mean, that's the question. If not, I don't know.

And I do not want you dying on the Walmart floor when you're 70 because you never saved up enough money to retire. Because you're trying to pay this month's rent because you never saved up enough money for a down payment on a primary residence. I guess you'll have the camper, but those things depreciate and they don't last as long in good quality as an actual house in terms of repairs you do to it. That actually makes sense.

So, I don't know. I'm sorry. I know this is such a Debbie Downer episode, and I'm so sorry. I knew you're going to yell at me. I knew it. Well, these numbers, damn right. I'm only giving you the tough love that I personally want, that I personally would do for me. And I'm only giving you the jokes that I like people to do to me as well.

So, that's how I give it. It's time to work your off. There's really no other choice. Time to grow up, work your f***. Any final thoughts? Any questions? Just work, work, work, work, work. Twerk, twerk, twerk, twerk.

Torqu, work, work, work, work. When it comes to spending in a budget, it certainly wasn't the best, but it wasn't the worst either. She was putting some money towards the debt, some money towards saving. So two out of ten, certainly not good by any means.

Speaking of not good, the debts, if I could give it a negative score, I would. Zero out of ten. Merchants Fund, there is nothing zero out of ten. Retirement, certainly behind for age, but decent foundation to start with four out of ten.

Real estate, not really liking what she was doing in there, but at least she has equity position into a home and then also a mobile one as well. So I'm going to do three out of ten for that. That's a hammer financial score, two out of ten. Make sure to check out all the resources. Linked in the description below,

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