Financial Audit - Dumbest Guy I've Ever Met

Episode Date: May 8, 2024

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To watch episodes of Financial Audit a week earlier, check us out on YouTube. So how has it always worked out? Because interest is accruing and the balance hasn't been paid off. But this has not worked out because the balance would be zero if it has worked out. So where's the working out that has been worked out that's been worked out? That's been worked out because this has been worked out. There's no working out. You are losing money.

My name is Cameron. I'm 20 years old. I'm from Houston, Texas. And this is financial audit. 20 years old double fist in a Red Bull. I guess you want to have a panic attack. during this episode. That's interesting. From Houston, Texas, oh, you're young. This is definitely interesting situation for someone so young. So what do you do for a living currently?

Right now, it's kind of complicated, I guess. I started being like part-time real estate, part-time construction with my dad. So I guess to explain it a little better. From Sunday to Wednesday, I do real estate, like I guess full-time, like during those hours, I have the full day to do real estate. What are you doing real estate? So I have this schedule that I've been trying to follow. I haven't been the best of following it. I followed it for like a week straight.

Like in this last like in the past three weeks, I followed it for a week straight like strictly. What are you, what are you doing real estate? I'm trying to tell you the schedule. Give me a second. Sorry, sorry, sorry. So the schedule is like I wake up at five, go to the gym at six, get home at.

I'm sorry. I'm sorry. I'm sorry. I'm sorry. Let me pause you real quick. Okay, okay. Sorry. Because literally the only question I ask is what do you do in real estate?

Not as your daily schedule. I'm an agent. I'm a real estate agent. Okay. So I guess my job, what I do in the house is calling people prospecting, following up. Just a lot of calling people is on the phone. Okay. So you're trying to get people to represent to either sell their house or buy their house?

Sell their house or represent. Yeah. And how's that gone so far? Yeah. How long have you been doing it? For, so actually one year. like this month and it's actually like to be honest

this month this has been like the most money I've ever made yeah yeah like this month I like I'm really proud of myself I hope I'm proud of you how much did you make I know what happened 14 caffeine 14 oh sorry that's okay it just let me open it sorry 14000

14000 yeah like a little bit over but 14000 yeah but I spent most of it I think something like that so this the first time you've made that money Yeah What do you mean you spent it? Where'd you spend it at?

Like, so Like, there's a little bit of a backstory to that. Oh, it's the story. Go ahead. Story time. I'm Chris Cross Applesauce in front of the fireplace. Give it to me. I got you.

So I was like, so I guess I got my license last year in real estate. And like right after I got the license, I was like really confident about it. Like, oh yeah. Like watching some realtors like, I'm going to call people, knock doors. I'm going to represent someone, sell their house, make a big check, like, boom, boom, boom. And I kind of spent the money before it was in my pocket for a lot of the credit cards I had. When? Like, this was like, I mean, it started last year, but like for a while, yeah.

Like, I took a few, like, right after I got my license, I was a server before this. I got my license. I quit the server job. Like, I was knocking doors for around like two, three months. but knocking doors really means like I knocked doors for like two, three days or like a few days, a few weeks, I guess. Didn't really do anything.

How much money did you spend before? No tap on that table. How much money did you spend before? I don't know. No, you know. Yeah. You don't know? So like my...

Do you look at your balances? I do, yeah, yeah. Let me tell me. total was like around 2,500. Oh, 2,500. Yeah, like, it wasn't crazy about it. Maybe over the course of six to eight months. I mean, that's not an incredibly insane number.

Now, obviously, spending it before you make it, that's dumb, that's bad, it's accruing interest. And I mean, that's, you know, it's stupid. But it's not the craziest number in the world. Yeah. But what I'm mostly curious about, which was the question I asked before you went into a story that didn't answer the question that I asked. Oh, yeah. Sorry. What was it?

What the f f you spend your money on that you just made? Oh, um, so, like, I kind of, like, divided the money in between, like, my parents, like, helped me out a lot, like, when I got my car. Um, so they helped me out with the down payment. So I kind of gave some money back to them. How much did you borrow from them? I don't know. Like, I think they helped me with the down.

The down payment was $7,000. I put in $2,000 and then, like, guess my dad's $5,000. $5,000. How much did you give them? I gave them 4,000. Like, okay, so you owe them a thousand?

Yeah, sure. Yeah, sure. No. But like, come on. I'm sorry.

Yes. I, like, the only reason I say yes, sure is because it's such like, the number's so like, it's so random. Like,

I owe them more money than this, like more money than just this. It's like. Okay, so you gave them $4,000. Yeah. You made 14, 14.

And I gave them four. Yeah. Did you set money aside for taxes? No. Rule number one, Mr. 20-year-old, set fucking money aside for taxes. That's gonna come, dude. Next, like, okay, it's your first...

Well, it's not your first year, so you actually might want to start doing quarterlies this year. Okay. So that was last month, right? Yeah. That was last month. So January, February, what did you make during those months?

January, this year? Yeah. Real estate, nothing. March 1st was like when I got the checks. Okay, what did you do to get the $14,000? Give me the rundown. Sold a house. I sold a listing.

A singular. Yeah, sold a listing and then that family sold their house and then moved into another one. So it was a sold listing and then on both sides. Yeah, pretty much. Yeah. Okay. Thanks. Gotcha. Well, like, thanks for like helping my brain, like, organize what I was trying to say.

Well, you're welcome. Thanks. Are you a little nervous? Yeah, it's, you know what I mean? It's crazy. It's crazy. Okay, sure. So, gotcha.

And then you said you also do construction. So I'm just trying to get a baseline of just what we're bringing in. Can't do anything guaranteed for real estate at this point. Because it sounds like you got like essentially like your first sale. First buying. What was your relationship to these people? I knocked on their door. Good.

I knocked on like, I mean, that's grinding. I mean, I love that. year and a half yeah i mean it takes a while to get in the real estate it is a long-term play when it comes to the representative side of this yeah you build relationships over years and then as the people move as the people maybe look to rent and you know whatever it ends up being then they come back to you and you build those relationships over years and it becomes like a decades long process it is slow to start so i get that so but because of that i can't put down like oh i think we make this much money from that so tell me about this construction job um so i'm working three days so

Thursday, Friday, Saturday, 125 a day, so I get a check for Thursday, Friday, Saturday? Yeah. Okay, you're a contractor? My dad has his company and I just kind of go in and he gives me a check. He gives you a check? It's check. So it's like paper trailed? Yeah. Okay. I'm assuming you're not W2

from the sense of this. I don't know. I just get the check and I just picture deposited into West Fargo goes into my count. I'm going to guess that. you're not W-2. I don't know, to be honest, I had no idea. So like... Your dad hasn't talked to you about taxes or anything?

So he has his accountant. He, like, whenever I get my tax papers from like wherever, like the other jobs I've had, he's just like, oh, just take it to them, like, talk to them. So how did you do taxes for last year? Um, I did him through credit karma, the turbo tax credit karma thing through the app. But last year, um, he kind of got mad at me because I didn't put him, he wanted to put him, he wanted to put me as a dependent because I still live with this I still live with him you know I mean so he wanted to put me as one of his dependents but I didn't so when I didn't I got a got like a

$500 return so I use that but did you claim all your taxes correct for last year I think so I mean okay because this wasn't the first the first two transactions I had one before this a few months back which is actually like which it was someone I knew it was actually like my girlfriend's house like they they help me out you know what yeah no for sure okay so good baseline not much guaranteed income say that number one more time just that you get on a daily basis 125 125 and you get that three times a week yeah okay 52 oh sorry 325 25 for 3 days 25 times 3 times Okay, that is $20,000 a year. That's obviously not enough to live on,

especially in a major metro like Houston, and you work every single week, correct? Yeah, I mean, it's been like my second week this weekend working. But what? Like, I just started doing this because I had another- Started doing what? Oh, this job? Yeah, yeah, because I've been doing it for like a month, fairly.

So last year's taxes weren't much of a concern anyway. I didn't do with that job for last year's taxes. Tell me about your, your, okay, so. Yeah. I don't know, like, a lot of the time for real estate, like, like, it's because, like, I'll be trying to prospect and stuff, but I don't,

like, you're trying to prospect. I try to prospect, but like, I started playing Minecraft and stuff, you know what I mean? Like, because I, I don't know. I don't think a dirt house in Minecraft is going to pay the bills. But, even if you convert to stone, I don't think that's going to pay the bills.

bills. It's not about like painted because it was paying to another portal. Maybe someone, some little kid will get excited about it. I don't think he's going to cut you a check. Like, what are you doing? Spending time down in the mines instead of out there grinding? I am grinding. I have been paying my bills.

How many times have you killed the nether dragon in the last week instead of actually going out and getting money? All right. Let's be honest. And last week I haven't played at all. Like none of the last month. I haven't played my girlfriend. Why bring that up?

Because it was. like a lot of the time like you know like during like the year that I was spending money on my credit cards like that's what I was doing okay yeah how many hours will be through you work I'm just trying to get your life um with my dad like three days it's like I don't know it's just the three days not hourly how how many hours how many hours do you usually work those days 30 10 a day 10 a day okay and then your other uh four days a week four days a week it's real estate so I just call you know Four hours a day. Why?

See, that doesn't make sense. Because that's what you want to do, right? Okay, like one hour is what I call. What? So, right? So one hour a day, four hours a week? What are you? Like, that's what I'm doing.

But that's not the only thing I'm doing, though. Like, because I call people, but I'm also doing other things. Like, for example, like showing houses. Well, that counts as work. I'm asking how many hours a day you put into it? But it's hard to calculate because it's not like, oh, let me do a stopwatch. On average. I'm just trying to get a picture of your week.

Come on. During the four days, I'd say like 12. A day. It's not a lot. A day? A day? No, like maybe three a day. Three a day.

Okay. Well, you can obviously put more time into that. No. And if not, if, okay. What would you give yourself? What's your financial scores? Zero to ten? You're being the worst.

Currently. It was worse. So you think you're just below like an average, solid. Okay. Three. If you, All right, we've changed your three. If you want your hammer financial score, check it out.

Link in the description below. It's free. Also, give this guy some love for coming on here. It can be nervous to be in front of the camera. I'm trying. Also, I'm curious, for the internet because there's, you know, there's confused people out there with some mental capacity issues sometimes. Did we have a conversation with you going into this conversation that I might beat you up a little?

Yeah. And you said, what did you say? I said it was okay Okay And I said Oh sometimes I make little humorous inappropriate jokes

What'd you say I said it was also fine Oh and what about the thumbnails Did you understand that The thumbnails are wild And the titles are crazy Yeah Okay

And everything was on the side Oh can you tell the internet To shut the fuck up Hey y'all Y'all ya y'all Y'all Let's get back to your finances I don't know why

So many people are confused Out there You know it's interesting Between the conversation Of consent between two people For some reason The people on the outside are like, why am I not involved in that conversation of consent?

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we have $1,015 in 8 cents on there let's see started with the balance of 1,326 so that's actually progress we made a 994 payment

this is what I don't like buddy though I know what what the what? Like I paid I paid a lot and then I spent a lot and then you spent a lot. lot. So I want to know why do you spend a lot? Because you just got a chunk. You got a chunk of

money and yes, you should have set 30% aside for taxes. Just preparing yourself hoping we're making more money and maybe that tax bracket would make sense. But either way. Okay. So you made a chunk of money. But why do we put it on a card $664 and 65 when we are losing almost $20 a month in interest when there is a $38 minimum payment? If we have the debt and we have much more to get through, why, especially on a month where you made that money and you started your second where you have at least $20,000 a year guaranteed. Why is more money being put on a card that is accumulating interest? It's because, like, at the end of the day, Caleb, like, I'm still going to get through it.

Like, it's like, what does that mean? Like, I've, and why are you smiling? You said this before, but it's like, like, we always, like put stuff, like, we always push stuff like to our future selves. And I always did that before and it lokey worked. like low key worked high key worked I mean I made the check but it's high key not worked you have the balance

if it worked you wouldn't have the balance what are you talking about also you're 20 what future you haven't pushed things to the future your future of adulthood you've been into adulthood for three years oh 18 to 20 okay congratulations you've existed for two years big proud what a massive accomplishment I'm thrilled for you so

what do you mean like you haven't had much time for that to fail yet you know just statistically that's a lot of and confidence on such a terrible mindset and based on it off just a couple of years also why are you smiling because

it's like it's upsetting me a little because I'm like I'm sorry I want you we're taking this seriously right? Yeah I am. Is it your first time on camera ever? Yeah it is I'm sorry no it's okay no that's what happens it's okay

I just wanted to make sure I just wanted to make sure Okay. So how has it always worked out? Because interest is accruing and the balance hasn't been paid off. So high key for me would equal this has not worked out because the balance would be zero if it has worked out. So where's the working out that has been worked out that's been worked out? There's no working out. So the way it's worked out for me It's like Like the minimum payment is like What is it like 50? I've always done like a $70 payment

Like I always done more than the minimum monthly payment How is that actually like being okay Just putting in a little extra than the minimum You're still losing interest You are losing money It's because like And you probably like money You're in real estate.

That's a money game That's a passion and money game But no one's getting into of like Oh this is gonna just be a standard 9 to 5 career and then I'm going to retire. I don't know. It's just like, I'm going to spend it and then I'm going to make it later.

So it's like, I'm just, and for example, I, like, if you look at my spending, I try to be, like, really conservative with me. That's not true. Shut the, shut up. I mean, it's not this month because this month I make the checks.

So, like, but I was like, okay. 13,000 hours in a single fucking month. What are you talking about? Well, what is kind of conservative? What I mean is, like, for the last three months, I haven't.

is stalling. That doesn't make any sense. You know what? That is exactly what I did. I stalled. I stalled a lot. Decent attempt. Dave's hot chicken, parking,

tequitos, Apple bill, McDonald's, Taco Bell. Going and getting some paint, which I wouldn't normally highlight, but you've been, I got reimbursed for that.

You got, but all the paint you got because there's more paint throughout the statement. The 160. Okay, just this, the 170? Okay.

And then McDonald's, McDonald's, Subway, McDonald's, Chili's smoothies. Oh, guys, we're being so conservative. We're having a little conservatism. What conservatism was happening? There wasn't conservatism.

This is you putting all the money on just... This wasn't necessities. Reindersment I'm good with. The reimbursement I'm good with. Let me be very clear. But this was not necessary, my boy. My lad, my dude. There was no necessity.

I mean, wait, let me see it real quick. Did you get reimbursed for chilies? Sheving them... To be honest, I've never been a deep-shot chicken. and I wanted to go there. It was good. Oh, wonderful. I want you to be able to retire at some point.

It was really good. Congratulations. So, it's retirement. I'm still going to retire. What do you mean? No, you're in debt. You're not worth. It's negative.

It's okay. Like, everyone's network's negative. That's 20 years old, mostly, right? But you. Okay. And mine's not that negative. Yeah, that's going to piss me off. That's going to piss me off, actually.

Because you're in such a good position where you could be different than the norm. but because the average person absolutely sucks, you're okay with it? That doesn't make sense. You could be so beyond ahead of the game. You could retire a multimillionaire. And you're just like, oh, because some people suck, it's okay that I suck.

But I don't suck that much. I can't even think of an inappropriate joke to respond. I don't even suck that much. I'm ashamed of myself today. Merrick Bank, you're smart. I'll be honest. They do annoy me, which is going to be very clear with you.

Okay. Just one dude to another. I just, I hope you're taking this seriously. Yeah, I am sorry. You are. It's okay that you smart. It just gives that vibe hurts. I know I'm sorry.

I'm just like a little like nervous and then. Nervous. Yes. Very nervous. Merrick Bank. We owe. See, it just gets higher. $2,404.

$64. With a minimum monthly payment of 80, which by the way, start stacking. What happens when all of a sudden we don't make money? What happens when all of a sudden we don't have to add his money through the job? You know? What if we don't sell a house?

What if we get a house? $157 of purchases? Absolutely shocked. Couldn't believe it. The balance actually went up on this one. Making progress. Everything always works out. Right, right, right?

Mm-hmm. Interest of $55. What? I paid it down again. Like, I paid another $200. Oh, good. And now you're going to put an extra $400 on it. Like, that's just how you do.

So, like, what's the point? I'm swimming on it. Also, the credit limit. You're at $2,400 on here. Credit limits $2,500. So your credit at the same time. Like, you're 20. You want to be able to do these things.

You might want to, especially someone in real estate. That's where leverage exists for good reasons. And you can take advantage of it. You wouldn't be able to take advantage of it. Philly Cheeks, Steaks, Philly cheese steaks from Charlie's. Spencer's gifts. Oh, good. Oh, and Blue Chu.

They go one in hand. Get something nutty from Spencer's and then Blue Chudadag get it up. I went to 956. Huh? What's that? The valley. Yeah, like, I went to RGV, like, real grown, like the island.

For the spring break. I went to the spring break. Somewhere. Yeah, to RGV. like RGB like red blue green St Padre Island South Padre South Padre

Okay that's where a lot of Texans go to Yeah It was nice Oh right we can see the relation Sorry never mind You need blue chew to go on Oh sorry I'll stop broke

Oh okay It's because like It was like I left the house I have no issue with you getting that by the way I was making a joke relating it to Spencer's I'm making a joke for me being like going on vacation. You nailed it.

Sorry, I didn't. And Dearbrook. Dearbrook. Deerbrook. That's nice. Oh, good. And so it's $164 of interest and $30 of fees this year so far

and we're not even half of the year. That's also nice. Again, you have so much opportunity at your age. If this money was being invested in the S&P 500 instead at this time thinking of the compound, that would be happening over the next four decades. By the time, you're 59 and a half, is when you can withdraw penalty-free.

So I've been about the S&P, I've been trying, like... I did see something a little later on. And there was some before that, but... But it doesn't 100% make sense, and I'll explain why at that point, but spoiler, 10% on... I know I spent all of it. Well, no, 10% on average that the S&P gets from down here's upbears combined is smaller than the 30% interest on the credit card.

So what the... I know. I wanted your opinion on that. I just gave you it. And your Jeep, you have a Jeep. Boom, Frum? Zoom it around? What is it?

It's, uh, I saw it earlier. What is it? Rangler. Yeah, 2016, J. Brom, he's a man. Oh, he's so cool. He got his Rangler. What's the balance you totally have on this?

Uh, right now it's 31,000. Thousand? 31,000? No, it's not 31,000. Look at it. That's what it is. It's mine. It's not on here.

It's not? Oh, that's what it is right now, though. 31,000 on a 16 wrangler? Hey, it was not a car dude So I don't know I just have a You know Just something

Being a nerdy thing Being fair Like if I could explain What can you be a fair to this No not an affair Like what I'm trying to explain What I'm trying to explain What the situation

During the time was I was 18 It took it out for me I took it No my parents just took the car out for me And I wasn't in the table I didn't know what the industry was I didn't know what the price was

I just like Is this in your name? It's not It's in my parents name Okay well that's completely different Yeah No no no That's not in my credit, but it's not, it's their debt, but I'm paying for it since I used the car.

And I wanted the car. And I was like, oh, I can't take out the car. Stop looking at the camera. Hey, guys, you like it if I just do the whole episode looking like this. Is this good? Is this a good? No, sorry. Why in the world do you have this Jeep guy?

It doesn't make sense. For someone, when did you get this? Did you get this at 18? I did, yeah. Okay, getting this at 18 is just silly. This doesn't make any sense, does it? Like, this is this is. This expensive of a car at 18 is ridiculous.

That's like a beater territory, man. That's where you get the beater car. This is weird. See, this is what you're doing. I know, I'm sorry. I know it does look kind of weird. I see it now. Explain the situation.

I had a truck. I was paid off. Like, my dad gifted it to me when I was 15. You know, I have a great dad. He gave me a year 2000 truck. He got stolen. After the truck got stolen. I bought a car.

The car fucked up. I got this car. Yeah, but you got like a $10,000 dollar car. that got you places for years to come. I'm guessing you're not in college, are you? I went for a year. I took a year off because I couldn't afford to go to college and pay the Jeep. And pay the Jeep?

Like, I mean, I don't know. We chose the Jeep over college? Hey, it's a year break. It's still going to work out. I'm not the biggest woo-woo do college no matter what kind of person. And also, I don't really know what I'm doing in college. Now, that's fine, but we can still do gen ed at community college. I'm still like thinking about what I'm doing.

Yeah, but we can still do gen ed at community college. What is that? they are the required classes that you're going to need to have for every degree and community college is cheap community college is usually pretty cheap i can't speak for whatever's in houston acc dude it's no it's on the dollar when it comes to the cost of college okay it's okay to take time off but choosing a jeep over college is objectively dumb yeah but at the same time i was that sounds like a title my way of justifying it was i didn't know what i didn't know what i was doing

in college. I know. You said that. I didn't know what I was doing and I already had the Jeep. It's not like, like, I had to pay it anyways. And like, what's the term? What's the term on this Jeep? So I didn't know for a while, but I checked on that thing. And I think it's pretty sure it was six years. And right now it's like, how many years are you into it? Two. I think. So it's. At 18, buddy, what a way to just hold back your money. What a way to just hold back your future is a f***ing Jeep chair given 2016. It still drives. I'm sure it still drives.

It better drive because you owe $31,355. And 24 cents on it. So it better drive. What's your minimum monthly? I don't know. I always pay more. I always pay extra, but it's $560, $570. To who?

So that I pay directly to that. You do. I have the account. What's your minimum monthly? And how do you pay extra? Because you don't make that. What? 570, I think.

It says unpaid balance. is 660. Unpaid was 660. Oh, I guess after, whenever I got the check, I paid towards that like $1,300. I paid for this month and next month. And then this month I already paid down on 660. Yeah, so. Last paid was on $3.38. 3.8. Buddy, what's the minimum? Oh, never mind. So it's 680. 680. I don't know. Like, I had to look at the paper. I'm very like, my went, I don't know. I forgot everything. I'm going right now. Sorry. Don't be sorry to me. mean this is your situation man is your life do you pay for car insurance it's i do but it's under my parents name i'm not i'm done under the car insurance how much do you give them it's 400 a month

oh my oh just recently on here man what it's with no you're just so there's just so early into adulthood you're in your third year of adulthood but and you're all your money's being held back by these wots, these wots with engines that die and break. How many miles are on this? It has

47,000? Okay, that's interesting. So this wasn't driven very much before you got it. It had 25, I think, when I got it. Pretty good. Spark business. So this must be the real estate card. No.

This card was it was a really dumb decision. It was really like on the line. Any of these been good decisions? No, this is probably the worst one. Great. Every year we get a fee as realtors, like they had to pay like 400 or 500.

Yes. I didn't have the money and I couldn't pull it on anywhere. I opened a credit card and I paid it with that. Yes, you did. So it is a real estate card. That's exactly what I did. Yeah. $12 of interest. You paid more than the minimum.

And finally, for the first time, no purchases. minimum monthly payment $17. $4702 balance in 67 cents. Again, like another 30% interest, which could be as a million why we put some money in the S&P 500. Yeah. To Capital One Savior, the Savior card,

I don't know what the f's saving you from, but sure. $352.16. Okay, with $8.57 of interest accruing, $700 towards it. But again, you almost made it worthless by just putting half of it right back on. Like this one I, this month I spoiled myself. I, you don't have room to spoil yourself. No, you don't have room to spoil yourself. How do you think you have room to spoil yourself? Well, how do you think you have room to spoil yourself? It's hard. You chose Jeep over college.

You have a, I'm trying to tell you how like when you see the 10k in your bank account, it's hard to be like, you know what I mean? Like, it's not hard. It's being an adult and you're three years into adulthood, so it's called maturity. It's called talking to someone. If you get a big lump sum of money, talk to someone who knows something. Talk to your parents. Talk to your, well, you already spent the money. My parents still got the Jeep for me. No, I know. And they made the decision for me. Come on.

I'm just talking to someone who's had money. You're right. Actually, you're probably right. And I don't really know anyone. That money. So this is a little. Oh, should have just emailed me or something. We get too many out. I don't think I would have seen it. But fine. Spoiler for the future. If you get up a chunk of money, take care of your fucking must that you put yourself in. Don't put it all on Denny's. Okay?

I took the family out. $146 to Denny's. They came from Mexico. Sorry. Are you going to? I'm not going to lie. I teared up once and then it just kept coming. Oh, it's okay.

Are you okay? What's going on? Nothing. I don't know. I was just, I guess I got nervous. It's nerves? Literally just nerves, I promise. Okay.

We're cool. I promise. Okay. Well, I just want to make sure I'm not going too hard. Listen, personal finance is hard, and I struggled with it for a long time until I personally educated myself. We decided to create resources that can actually help people at an affordable price. So if you want to learn how to budget, we have the best budgeting program in the history of the internet. But if education and quizzes and resources

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you're good can I get a tissue like oh sorry that's right for you my peripheral isn't that I just want to make sure you're good. Yeah. So I normally wear contacts, but I like this. I don't, like I kind of messed up, so I'm wearing glasses today. Yeah. Yeah.

I feel like. They suck. $25 a minute of the payment. You're treating them to an American meal and you go to Denny's. I guess that's fucking classic. Lots of places can expose you to identity theft. Oh, no.

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Terms apply. They're cheap. Also Uber's and more chilies and some tequitos. If we make the money, man, if we make the money, and this is why these videos should go to everyone in your age range, the moment you start making money, you do not lifestyle inflate yourself right up to where I have the money I should just spend it all.

You got to take care of the mess you put yourself in first. Again, you're right, okay, you don't know what to do in college, so maybe you don't need to do college right now. I'm happy to gift you a tech certification from course careers. I don't think it works for your situation because I think you're more in the real estate world. But, I mean, there's a lot of things, but you don't know what you want to do in college.

So it's okay. But the fact that you said you picked Jeep payment over college payment, that's crazy. And if we get an influx of $14,000, of course, set 30% aside for taxes. Another learning lesson. But take the chunk of money and throw it at the car. If that is holding you back, what's the interest rate on the car? I think it's like 10.7 something.

So that's not beating your S&P 500 on average. I want to refinance it. I'm trying. Well, rates aren't much better. And what's your credit score? Your cards are maxed out. And now it's like 620. Oh, yeah, good luck on getting a great rate, buddy.

Then you owe $7,000 to your family? Oh, no, that was just like, I'm telling you, like, the number's like very random. Because telling you, like, a quick story, whenever I painted the truck, my dad paid for the paint because I guess he wanted to paint it too. The paint was $5,000. I didn't pay for that. And then when I got a car after that and he paid, the car was like $4,000 and I only paid like $1,000 to him.

So I guess I stole him $3,000 for that. and then that's it and then like for the Jeep it was the 7,000 that I paid 4,000. It's a total you owe to them. I don't know, I haven't like, can I borrow the pen? Doing some math?

Yeah. Give them some math. Doing memory lane. Give me a second. You can't use credit cards, man. You're not a credit card person. You haven't shown to use a credit card person. I will allow you, especially because you're going to be,

it doesn't matter if you ruin it. I'll allow you to use the Fizz card. That's what people are allowed to use if they're bad at credit cards, because at least it'll help your credit, but you're not a credit card person. I would close these accounts if I was you. So don't f*** yourself.

Before you even get to the drinking age. Okay. Yeah, I don't drink. Me either, but still. So that's probably 11,000. You're 11,000. So it's more than we thought. It's 4,000 hours more than we thought.

But being fair, like, my dad never, he never, like, he never tells me like, oh, you owe me, like. Well, you guys need to start keeping fucking record, and why are you buying so much money all the time? Stop. Okay, the $500. Is there a minimum fee payment that you owe him or is it just whenever you can?

Whenever I want. Does he ever bring it up? Money's mad at me, I guess. There it is, which means he's thinking about it. If it's in the back of his head, it means he's thinking about it. If he brings it up in that situation. So you need to get that weight off of you. Again, a whole fun fact, you brought in $14,000 in a month.

That's what I've been four. I tried. Huh? That's why I paid him like $4,000. I tried to like $4,000. like bring that down. It was 15. You live at home?

I do. I paid them rent. What other bills do you? How much? I pay the Wi-Fi, which is nothing. And then I pay the $400 a month. So $400 plus Wi-Fi? Yeah.

And then the insurance, but that's like car payment. Okay. Yeah. I want to see this Jeep. Can we see the Jeep? Is the Jeep here? Nah, it's not. It's not.

Talking about the Jeep. I took it to the shop in the morning. I had to spend another $300. Oh, gosh. Like if you look at the statements later, a lot of the, like a lot of the spending is parts for the same. I saw O'Reilly. Yeah, a lot of it. What's wrong with it?

It has like 40,000 miles. Um, the suspension. If it messed up. Let me try to see if I could find you a picture. Sorry, if I put my phone out. Tricking all the Red Bulls and you have a Red Bull phone. Look at you. Cute and match.

Look. I'm telling you, I haven't been splurging. I have an ugly phone. I have a little phone. I've been wanting to get a new one. Don't. And I haven't. You know, I've been just being adorable.

A phone. I don't care. Yeah. That's why I haven't got on it. You pay your phone service? No, my parents favorite for me. Good. Lucky.

Okay, look, it looks like that. Okay, send us this picture. I want to see. Hey. Try us a swipe, please. Sorry, sorry. Huh? Don't, just don't swipe.

Sorry. What would I see? No, nothing, but I'm just saying, like, normally, like, you don't want to swipe, right? It's common courtesy. Well, I wasn't going to. I'm sorry. Sorry.

Did it have this? paint job when you got it? Yeah. So there's like little orange on the screen. Some of the paint that was on there, which look, I guess they paid for it because it was part of the 160 that they reimbursed me was everything in my power, not the swipe, not that I wouldn't have. Thank you.

Gosh. Curious little Caleb was almost going to get curious. But anyways, like the hood, like, I'll send the picture to you. But the hood, like it got kind of rusted on top. Like the paint was starting peeling off. So I painted that as well. This car. is your entire financial life.

This is insane. It's so stupid. I don't know how to get rid of it. Walk me through a day on your real estate stuff. What time do you wake up? The perfect... You said six, right? Perfect day's five, but normally it's six, yeah.

But you work three hours a day? What the fuck you're doing it the rest of the time? Why are you waking up so early if you only work three hours a day? That's not when coal cards are going to be, are they? No, I'm trying to schedule my life. Like, I'm trying to... How long does it take you to schedule three hours? No, it's normally four that I should be calling, but...

Like I just look at the screen and I'm like I'm just I don't want to call the people like I look at the screen and it's like So it's the right job for you then? Why are you doing real estate? Tell me why you're doing real estate. I'm doing it because I want to. I like it. So you do want to? I do want to.

I have a passion for like the only reason I'd say like I don't automatically like do the work is because I'm very like I guess I'm a little insecure and like not knowing what to say when it comes to like making the phone calls. Well, that's very important. This is essentially a sales job. Yeah, like what I was trying to do with, I guess what I was also trying to plan out was like, what's to do with future money coming in? But with my next commission check, I wanted to like use a chunk of it.

Have you sold and bought a new house? Right now, I don't have anything under contract. I have a-to-bendish. So when's next commission check then? Huh? So you don't know when the next commission is. I don't know. So we certainly don't blow the full 13, 14,000 dollars

in a singular month. did we it's not it's not 100% gone i saved a little bit how much two how long is it you're so lucky you live at home it's the only reason you're allowed to do this because your parents will cut you slack if necessary yeah and your dad is giving you a guaranteed 20,000 hours a year yeah they're good um what was your question how long is it going to last uh no okay okay okay so how long you sit and schedule in a day what do you sit and staring at the screen figuring out to use three hours of your workday. Does that take?

Schedule is wake up at 5, go to the gym at 6, try to work at 8 from 8 to 12. That's like the perfect. Like those four hours would be like the perfect time for me to work. But I don't really work. I mean like I work for an hour. Like I do follow up calls. Minecraft doesn't count.

That's something better I've been doing. I look. I don't want Minecraft anymore. I just stare at the screen. Like I just like zombie stare at it. How is that more productive than throwing under pearls? Lo-K would be fun. to play by craft i'm not talking about fun but how is that even more productive anyway

it's not so what do you you're just literally staring like what do you like are you during those hours study but i mean i don't know i'm not gonna lie guilty pleasure is looking at your videos well thank you like i appreciate i do be looking at your videos a lot good i wish i helped you a bit more until now huh i wish it i wish this i wish that was shown in your statements so i see comments every day like oh my gosh i got an emergency fund because of the show and all stuff. Like, where's their emergency fund?

The way it started was yeah, it's not here. Okay. After 12, what do you do? After 12, it would be like lunch. But Loki, I'd take like a three hour break. I don't do anything until like after three. Okay, you're lazy.

Yeah. That's what it is. Yeah. You're lazy and you're putting everything on debt. Got. Putting everything on future me. We figured it out. Huh?

Putting everything on future me. Yeah, but why? Future year is going to be pissed. Also, future you is always right now. $133 in our checking account What the fuck It went up Two

Actually It's gonna say the same It's the same No you're right Zellin out $1,000 TikTok shop TikTok shop It's like for $5

No it was like $12 And also you have debt You have debt And you go to Denny's And everything else $560 a month on going out To eat food Yeah

So ExtremeTrain.com. Zelenot, 2000, Zellinot, 100. Getting some tequitos. Robin Hood, there you go. You put $1,000 in. Doesn't really make sense because guess what? We have really bad debt. Get in some tequitos.

Get in some tequitos. McDonald's. House of fries. Subway. At least eat a sandwich that tastes like food. Zellon out $1,000. ATM withdrawal. Who knows where that went?

$100. Amazon. Amazon. More Denny's. We're back, baby. Get in some. pancakes, Northline, Carnival. Oh, I went to Rodium.

Oh, Frills. It was nice. McDonald's. I had to take them. Cool. Yeah. Something $9 a bullshit. T-Mu. You're a T-Mu-er.

You're a T-Mu-R. T-Mu's terrible. It's never had anything. It's for me to organize all the paperwork at my desk. It looks like this. You don't do anything during the workday. So what are you organizing? And then famous walk, eBay, $237 on eBay.

What the fuck? you get? On eBay? I got headphones. On eBay? Yeah, I mean, they're cheaper. They're always cheaper on eBay. It's used? Pre-own, yeah. It's like refurbished. Headphones? I don't know if I want someone else's ears. Good time smoke. It's great habit to have it, 20. Good job. I'm trying to quit. Good. I want you to quit. I want you to quit. Why, like, why do all the financial

sacrifice if like you're not going to live very long? So, you know, quit for the life of your longevity right how long have you been with your girlfriend over there uh two years two years okay so sounds like it's a little longer lasting you know hopefully we're together even longer yeah you want to be around let's not uh destroy our lines yeah use motion dot com two hundred forty three dollars i got i got re uh they refunded me that i didn't catch it to cancel it on time it was like one of those free uh free trials oh yeah amazon zelenot on money a team withdrawal who knows what That went, Raising Cane, Zelling out money, Zelling out money, Little Caesars. More Little Caesars.

America's Best. I heard glasses. Oh, yeah. That's an expensive. No, fun. That's a classic guy. Those are 500? No, it's a few things.

It's like the membership for three years for America's best. What is this? Buddy, just go to Warby Parker. I got these for like 100 bucks. Normally I get like these. These are cute. But it's this and a year supply of contract. Contacts.

Contacts. You do contacts. Okay. Sorry. And there's Use Motion. Again. Oh, that was the refund. Yeah.

Refund. Okay. And here's in Robin Hood. This one's silly. It's a thousand bucks in, as we saw, which makes no sense because, again, you have 30% interest, right?

It's mostly in the S&P 500. You do the Vanguard version and the Spider version. Okay. And then you have Take 2 interactive as 15% of your portfolio. What are you trying to do here? That's, why would you have a single stock? Yeah. Way for it to come out.

But it's not here yet, buddy. Whenever it comes out, hoping it's going to take it out. That would be great. That would be lovely. I know. 15% of our portfolio in a single stock is objectively stupid. It's this bad risk management. Also, it's $1,000.

Also, it's, you're, again, you're waiting for GTA6. It's going to probably get delayed, like, 50 years. Hopefully it goes up a lot in those 50 years. Your debt is 30%. Oh, you're right. It is going up too. Yes, it is. Yeah.

So, Lergy. That we chose. college over that we can't afford on normal month unless we make a big amount of money month but we don't put the big extra amount of money towards it is in a shop because it's always getting repairs on it even though it's only at 40,000 miles. Great. Yeah. It's pretty nice. You put a lot of money towards it. It doesn't make any sense. All right. Your spending categories breakdown like this. 30.6% go to housing or 4,00035. That doesn't make sense. Let me see it. Let me help you out a little bit.

I don't know what you're going to get from that. Because I think the $4,000 was where I... You got a head on your rent? Yeah, that's... Yeah, because when I was on the phone... You did 10 months of rent up front? Yeah, that's what I said. The $4,000 I paid them was...

That doesn't make sense, buddy. Your rent doesn't have interest. That $4,000 could have gone to debt with interest. Even if it wasn't debt, it could have gone in the market. Don't freak out yet. My bad. Calm down. Let it fuse.

Say your thing. So it wasn't like $4,000. it's like like kind of the like this is what I mean by like my parents that isn't really like categorized like I don't really know if I paid that towards their debt or like if I just because I gave it to my mom for her to put it towards the house

I just gave her the money and she was like okay and right now they haven't been they haven't been charging the rent towards the house they want a house they're about a pay off okay they want to pay it off they need your 4,000 to do that I mean I help them I mean it was like 4,000 like I guess just as a son, like helping them, I guess.

I know, and I love that, but it makes no sense. You have 30% interest in debt and you have no retirement. You're not starting to contribute. You've only made one sale in your career and you're working three days a week. Three, three sales. Okay, okay. Over the course of two years. One year, one year.

You said two years before. Okay. Like one year anniversary was this month. And then these percentages are skewed because of that, but transportation, $1,881 to $14.3%. That was all the, all the parts. for the jeep. That's a gas. You got the Uber, got the parking,

got the O'Reilly's, fans auto parts, your car payment, your electric charging, bus ticket, and then we didn't even have, yeah, it's because you paid double

on the car payment, but we didn't, that may as well make up for the car insurance. Then your bull's food, 600 bucks, basically. It's insane.

Unknown shopping, Walmart, Amazon, Target, that kind of stuff. By the way, no groceries in here, fun fact.

$293. $0.493. $0.49. $0. healthcare medications, gyms, 529 dollars. What did you do for what?

This is in the healthcare gym stuff. Oh, America's best. That makes sense. And for gym I pay once a year, so. Okay. And then they're blue two and then the barbershop. Okay. And $1,000 dollars winning the savings.

It's kind of dumb right now. Your version of savings doesn't really make sense. Miscellaneous bullshit. You stopping and getting this is the dumbest crap ever. Pointless unnecessary. $2,483.29. The TikTok shop, the off-roading equipment for your Jeep, the Houston Rodeo, TEMU, eBay, smoke shop,

Spencer's gifts, the AI assistant, Pax Sun, the Shoe Palace, Marlin Auto Paint, definitely not necessary for survival. And then just additional gas station stops and getting things. Large purchases, $2,4005. You can't afford this life you're living. You're just inflated yourself like crazy. $1,700 was a gift marked by you,

selling out an additional $500. $133, your driver's license, and ATM withdrawal. What the gift? $1,700 when you have high interest debt. Oh, no, what was your gift? Give it to my parents. Was it paying back your debt? Or was it a gift?

Okay, so, like, being clear. So, $1,000. Also, the rate on the car is 12%, not 10%. Kill me. On the car is 10%, 12%. 12%? Oh, it's hard that I thought. My bad.

Yeah, I guess I just gave them more I just gave them money So I guess I repaid them Producers Maybe we have a value check on this car Do you know the VIN number You have a picture anywhere Yeah I could get your picture

Good yeah get them a picture I can't believe you blew $10,000 man That's like a fully funded emergency fund for some people You don't understand what position you've just blown But you've just destroyed Like trying to like I guess like explain myself was like for the paint I had the cheap paint like it was like peeling off for the past year I was like okay let me fix it and I was like oh what do you spend a thousand hours over a thousand hours a month on this car without the maintenance without the depreciation without the gas without the paint

you already spent over a thousand hours a month over 12,000 hours a year yeah 12,000 hours a year at 18's insane That's like that's more than I made at 18, part time in college. Hey, I used to make a lot of money as a server. Great. Maybe you should do that because you have debt to pay off and shit to take care of. You know, you're fucking your 25 year old self. You're a 30 year old self. And you're certainly a fucking your 59.5 year old self because you're not even starting any compounding.

The amount of preparation for the remainder of your life to be set up for success, the opportunities are crazy that you're just throwing it. way it just hurts to see like this is why it came yeah i know yeah and that's why i'm telling you but also like trying to like it's okay do you want to what do you want to do for a career i don't want to what do you want to do for a career for a career i just i want to do real estate full time that is what you want to do so we're not going to go back to college i'm not okay that's fine when do you want to move out um doesn't matter okay actually next six months like like Six months.

What the fuck? How did you just go from it doesn't matter to six months? Because I went from line to you. What are you? Telling you the truth. I want to be clear with you. Thank you. I appreciate that.

Why do you want to move out on six months? My parents are great, but sometimes they're a pain. You know what I mean? Sure. They're parents. Yeah. Yep. You're a kid.

Yeah. They're a kid. You're not a kid. You're an adult, but you're their kid. I'm trying. Are you okay? Yeah. You sure?

Yeah. am I going too hard? No. It's me thinking about my bad choices. Well, but you're looking aren't that bad. No, okay.

High key, yes they are. But it's, but this reaction is actually good. This is a good reaction. I'm not like I'd ever want anyone to cry. I know. But this reaction shows that you actually at least

recognize your mistakes. And it shows that there is a potential change in betterment of your future. That's a good reaction to have. I don't like see anyone cry. Wait, to be honest. It might be a side reaction of the Red Bull Because I never cry

Punch you You I'm gonna What are you? I haven't even had to say that this episode Like By the way You owe

What was it on the Jeep 31? Oh good It's worth About $20,000 Yeah I try to trade it in It's a perfect place to be in at 20

I'm really upside down Negative equity I know Yes You are really upside down But guess what Fun fact. If you sold it, borrowed $10,000 to pay off the loan and then additional $10,000 to get a car that's not fancy, but we'll get you to A and B safely for years to come,

that still saves you $10,000 overall. And I would rather that be done for you. You do not need this man. You do not need a wrangler. What are you wrangling? You're not wrangling anything in your life. He already got a girlfriend. You're not out there wrangling. No, but like, like me. Like me. No one. Okay, that was you. I kind of thought it might have been. me. I'm sorry, I was playing with my phone. Explaining the Jeep.

My parents want me. My parents like it too. Like, I try to trade it in. But it's your financial future. So what do I do? Like, how do I have that conversation with them? Be like, mom, dad, I'm actually taking care of my financial future. So I'm going to do this. But technically it's under your name. And if you're not down for it, then I'm not paying you. That's a hard conversation. So much easier said than done. I get it. But also, that's, that's, manipulative if they're going to force you to pay for it but they're also not going to allow you to ever sell it like that would be like legitimately so is there a way i could like help them a little bit

with the payment it's not about the payment buddy i'm trying to save you ten thousand dollars what you need at your age again 10,000 dollars is an emergency fund 10,000 dollars was the best month you've ever had 10,000 dollars can grow to uh what like what 50 70 000 dollars by the time you're retired I don't know, sure. Yes. Oh, thanks. I didn't know that number.

Well, I don't know. I mean, I was just doing some quick math. I could definitely be off. Math isn't my best trait. So real estate is what you want to do, and I'm all about it. But if you want to do real estate full-time, we're working more than three hours a day.

There's going to be slow days, absolutely. But the way you knocked on the door and got that and closed 13,000 hours in your pocket or 14, whatever, And that shows that the work you put in worked. But of course, for every 500 knocks you do, you're going to get one yes and 499 knows. But that means you need to go out there instead of settling for 500 with one yes. You need to go out there and do 2,000 and get four yeses. Yeah.

That's what your career is going to be. And the more of those yeses you get, the more they start to compound in the real estate world as well because they come back. If they enjoyed their experience with you, the next time the people that just bought this house, sell a house. in like 5, 10, 15 years when you're just still into your career, they're going to come back. They're going to be like, this dude is great. I want to sell my house now. Can you put it up?

And you're like, I'm putting it up. And you get that money. This is not a month-to-month thing. This time you're putting in on a daily basis is going to pay massive dividends over the years to come. You all got to use my favorite high-yield savings account where you can get up to 4.6% on your money, plus FDIC insurance up to $2 million. You can also get up to $300 for signing up today. It's the personal high-yield savings account that I use for my money,

so don't let your money be losing money while it's just sitting there. Click in the link in the description below and get those bonuses. I haven't done a lot, a lot of work, but the work that I have done, I'm already seeing it, like, I have two active buyers right now. You know what I mean? They're, like getting ready to put out office. Good. Good. What's your commission going to be?

If everything goes through, which is not guaranteed at all. Let me pull out the calculator. Because I don't like to calculate it until I see it. see it, you know. Yeah, which I get. I like to jinx myself. Yep, I know. I get it, but I just want some numbers.

Make sure you're setting aside money for taxes again. Said that a lot of times. That'll be the last time I say it. Probably not. So for one, it's six, five. And then for the other one? 165? 1,6150?

10,600? No, 6,500. Sorry. Okay. And then, sorry, I'm putting my commission. So I'm going on it as well. Yes. 2,700 plus.

Still. I mean, you get that over the course of... Okay. So you get that over the course of a few months. I mean, that's still barely, you know, survival. If you want to move on in six months. I know. And I want you to be able to move up.

Listen, you're trying to be an adult while also acting like a baby. If you want to have the adult things like moving out, if you want to have the adult things like having a car, if you want to have an adult things like having your own real estate business, you can't do the childish things of continuing to spend money. on a card that is accruing interest. You can't do the childish things like going to make downs every second of your life

and going to shit like Subway. No one deserves the punishment of going there anyway, so there's no point. It's because they're cheap. A child doesn't figure out how much they owe their parents. An adult figures it out. Adult has the hard conversations with parents about what do I owe them

and I need to get rid of this cheap because it's just weighing down my financial future. Yeah. Okay. So your income, it's hard to put down, but let's get you somewhat of a budget. Of course, you're going to go through the budgeting program, and you're going to go through the self-employed section and get the nitty-gritty and build out your true budget. But this is a good, just baseline.

So what did you say your rent was again, $400? But when's the next time we're going to have to pay that? You may have overpaid. If you paid 10 months of it, I know it was like a gift, it was weird. But you're moving out in six months. Like, how do you recoup? Like, what's happening? No, it's like, because that $4,000 was like me also like repaying like the money I owe, like,

That's their money. When do you have to pay your $400 again? I, once they tell me, I guess. They haven't told me. But you still pay for the internet. Yeah, I pay for the internet every month. How much is that? How much is that?

45. Okay. Gas was $300. Parking was six. I don't think that's normal. Normally that's zero, yeah. Yeah. Okay.

Your normal car pay. in, well, what's car insurance again? 400? That's insane. That's wild. You don't have to pay your phone bill, your parents take care of it? Yeah. Normally for the insurance, I called like a few different places.

They were all $900 when I was 18. Yeah, because you have a wrangler at 18. It's stupid. Doesn't make sense. Get a Buick Encore or something. I don't know. Some bull- I liked it.

It's nice. Thrilling, glad. I don't like that. Oh, that's what everyone says. I don't care. Subscriptions. So how do you, what's the food situation at home? How can you eat?

Eat? Like, do they cook the meals? Yeah, my mom will eat for everyone. Okay. Cool. Then your budget's zero. You're not going out to eat and you're not getting groceries either. I'll give you $100 for your total paper fund.

Anything else you need to survive. It would be a little bit of fun here and there. But that's pretty much it. Yeah, medical stuff was. Was the glasses 500. Right. So ongoing really nothing else. and then your minimum with the debt payments obviously let's get that

so what the best thing like 840 the best thing is getting rid of that where to that cheap absolutely not even a question 840 is like basically your entire that makes up the majority of your budget so you need a minimum 1685 but you're going to need to double that probably when you move out you're going to have to get groceries you're going to get rent and then rent there's insurance you're going to want to furnish the place like so 3,000 dollars a month minimum probably survive. Are you going to stay in Houston?

Yeah. Okay. So you'll continue that guaranteed three-day job. No. Right now I feel like I'm in a place on my real estate career where I like the ball starting to roll. Like as long as I put in like if I get my shit together, it's going to roll. Get your shit together.

What's going to take you? What's going to get you to work more than three hours a day in a productive way? You need like read like a workbook or something. What I mean by three hours is like. three hours calling and then it's like showing houses and it's not only like three hours but it's like i know i could be doing way more than what i'm doing yeah yes i know people that work in real estate i love real estate real estate's great it's probably what i'd be doing if i wasn't doing this at this point it's great i'm in the rental property game like dude i'm all about it i know what goes into it

so you could obviously be doing a lot more so i'm okay with that being your career you obviously have success at it when you put your effort into that. So you've proven the concept. So I want you to double down. I want you to do minimum six hours today. You know, crazy. And just again, if that double the time equals double the income, that means like, you know, every other month, maybe we're getting like $16,000 bucks, something like that,

you know, 18,000 bucks every other month. Like, we can live off of that. You can live that budget. What I need you to do immediately, when you start getting your checks, you need to, you need to at least i need you to divide it on a quarterly basis in terms of just what you have left over and what you need for your budget like pretend like you're not going to get another commission check for at least a quarter like i'm oversimplifying this but that's a good way to do it potentially and then you need to start tackling this debt and this is before you move out it's going to be

longer to move out than you'd like unless you really start getting these amazing commissions or you work another job and start paying off this debt you need to pay off that savior card first, then you need to pay off the Spark business card, then the Discover card, then the Merrick, and then pay back your family, all while also borrowing $20,000, getting rid of the Jeep in private sale, using $10,000 to pay it off and use another $10,000 to the $20,000 you borrowed, which will likely be at like 12, 15% personal loan rate. You have to qualify for this. You need to see if you even can.

Like you're young, your income situation is rough. You might not even be able to, and your credit score is not great either. So that could put a damper on it all. But if you can do that, then you have 20,000 hours to pay off then. And then that will be your last in your snowball operation. Then you save up a six-month emergency fund and then you move out. That might be two years. That might be three years.

That might be four years. You grind, you work, you work 12-hour, 14-hour days as a business owner trying to build your business instead of, you know, grinding on some hitting the blocks and punching the wood. if instead you put all of your effort into this, bring in the money, the more you work, the smarter you work, it shows that you personally make more, and the more you make,

the quicker you make it, the quicker you pay off this, get a fully six-month emergency fund, and the quicker you move out. And that's obviously the goal we want to get to. Six months is off the table. Wow, wow, wow. I'm sorry.

But it's okay, because it's for the longevity of your life. You're also setting money aside for taxes because you're going to start making good money from the sounds of it from these last couple of months. months. Keep up that track. And at that point, you need to start investing probably like 23 or something. It's however fast you want to go, whatever, how much, ever amount of work you want to

put into it. That's kind of up to you. It's a long or shorter road ahead with longer days or shorter days. It's up to you. This is your journey from here. So, and then at that point, you need to start investing, man, at least 20% of your income. Fund a Moomu account. Fund, Roth IRA, a solo 401K, there's lots of good things you can start doing so you can retire. What's the difference in like the Robin Hood account and

a Moomoo account? I personally like Moomoo just for the platform itself. We've partnered together and I like the analysis they do of overall stocks versus Robin Hood plus Robin Hood is like paused being able to buy some stocks here and there historically and I just don't

like that as an idea or selling or buying I don't remember which one, but it was like the GameStop one, GME, you remember that? But then also infidelity is where I have like my Roth IRA, some solo accounts and things like that. Then I just do my individual brokerage in Moomoo. Your hammer financial score, you're spending in a budget was insane. You just didn't have the money at zero, zero, zero. Your death's not even close to the worst.

You're just being dumb. The Jeep's dumb, but it's not even in your name. I'm going to give that a three out of ten emergency fund. I wouldn't have it in the market. I would take that iron start throwing it towards your debt. You don't need a one-month emergency fund because you live at home and your phone. parents will take care of you. I take that out and throw it out the debt immediately. Merchance 1 is now zero. Retirement because you're going to take that out of zero. Real estate's

zero, but that will change quickly. I think you're actually going to have a successful 20s. You just got to grind to do it. Hammer financial score right now is going to be a 0.5 out of 10. Make sure to check out all the resources linked in the description below is they are what I use or would use in specific situations including the best budgeting program in the history of the internet. Now stick around for the post show. Today on the financial audit post show. Like for example next month or in like next two months, I'm going to have X. amount and then paid off. You know what I mean? But you did it. You got the money last

time and then you didn't. So why would that change this time? Yeah. And I guess what the situation was. No, why would that change this time? Yeah. And... No, why would that change this time? To watch the financial audit post show, click the join button below.