Financial Audit - Ego-Maniac Thinks She Can Manifest Problems Away | Financial Audit

Episode Date: January 3, 2025

She's always "messing around", sleeping with personal trainers and finding men on TikTok to "mess around" with... the tea is piping hot, watch here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join *EOY* *SALE* Bundle my budgeting, debt + investing program for *33%* *off* : https://calebhammer.com/classpack/ *33%* *off* Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services. Click this link https://j.moomoo.com/Caleb to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 8.1% on uninvested cash for a limited time for new users!! Terms & Conditions Apply Download the CFO’s guide to AI and Machine Learning for FREE at https://netsuite.com/HAMMER Stop wasting time and start creating with Crayo! https://crayo.ai/?ref=HAMMER Enter my code HAMMER at checkout for 20% off! Only the first 100 people who use my link get the deal, so move fast!! ▶▶▶Watch this episode's *POST* *SHOW* + get *MORE* Financial Audit here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶EDUCATION: 1) *EOY* *SALE* Bundle my budgeting, debt + investing program for *33%* *off* : https://calebhammer.com/classpack/ *33%* *off* 2) *EOY* *SALE* The best budgeting program online: https://calebhammer.com/budget *20%* *off* 3) *EOY* *SALE* Get my investing class and I’ll give you a $100 moomoo cash reward: https://calebhammer.com/investing *20%* *off* 4) *EOY* *SALE* Win with GOOD debt and get out of BAD debt correctly, learn in my debt program: https://calebhammer.com/formula *20%* *off* 5) Get your own free Hammer Financial Score: https://www.calebhammer.com _______________________ ▶RESOURCES 1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $300 when you sign up and set up direct deposits. Terms apply: https://creator.sofi.com/c/5535481/2068695/19219?adcampaignid=bank&adnetwork=brand *affiliate link 2) Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services. Click this link https://j.moomoo.com/Caleb to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 4.6% on uninvested cash + an additional 3.5% APY Coupon for 3 months for new users!! Terms & Conditions Apply 3) Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 4) CourseCareers: Land a high-paying job with no experience or degree by going through an affordable online course: https://coursecareers.com/a/calebhammer 5) The credit building debit card: First 100,000 people to sign up for Fizz with code: HAMMER10 get $10: https://www.joinfizz.com/caleb (paid ad) 6) Advising: Book your free strategy session https://dmnmny.co/caleb to work with Adrianna or any of the other CFPs at Domain Money today! 7) Helium Mobile: save a ton on your phone bill, sign up and get 30 days of FREE trial when using promo code CALEB https://hellohelium.com/ 8) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer Learn more about your ad choices. Visit megaphone.fm/adchoices

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They're not manifesting closings of houses. Why can't I manifest closings of houses? That's not guaranteed. It is in my mind. Are you able to comprehend what you literally just said? Technically, I don't spend out of my bank account. I only spend on credit cards. You understand you have to pay the credit cards.

Honestly, I just like to spend money. I don't want to be in debt forever so I don't look at my numbers. What the fuck are you talking about? All of our education is bundled together for 15% off with a 30-day money-back guarantee. Go to Calebhammer.com slash bundle. Or click the link in the description or pin comment below. Hi, my name's Rebecca. I'm 30 years old. I'm from Sainsville, Ohio, and this is a financial audit.

Is it cheap to live? in Zanesville, Ohio? Uh, somewhat. Okay, because I want to get to know you first a little bit more, but I mean, I just can't help but notice that in terms of income and spending, spending's over income, yet for some reason, even with high debt, high spending, you literally have two houses. I rent one of them, so I don't... You rent one of them and yet you're still under.

Okay. So Zanesville. Is it cheap to get a house in Zanesville? Do you rent it in Zanesville? Because that was a concern. I rent one in Zanesville and I live in one in Zanesville. Okay. And I shop a lot and I spend.

Well, that's probably why we're in it. Okay. I like to buy new stuff for my houses. Houses, the ones that you rent out? Yeah. Okay. Well, let's get to know each other a little first. I just had to know that about Zanesville because seeing someone with two houses,

and even if one's rented, that should be even more of a reason for us to have more coming in than going out. but you have more going out so I just had to know about Zanesville. Well, I don't charge the people who live in that house a lot to live there. They pretty much just pay the mortgage. So it's not like it's an actual income. Okay. Okay. We'll talk about that.

We'll talk about that. What do you do in Zanesville for a living? I'm a realtor. Uh-huh. Yeah. Right. How much do you make? Zero unless I sell a house.

No shit. How much do you normally make? I make around four. to $10,000 a month. Average, come on. Average it out. Take your, okay, what did you make this last 12 months? 12 months.

I make 50,000 a year. Okay. It's different. I don't know. Some months I will have a lot. Some months I won't have anything. Yeah, but that equals more out to like $4,200 a month. Well, you said average five.

Well, now I'm bartending a little bit. So. Because it wasn't enough coming in? Yeah, kind of. Dang. Okay. How long have you been a realtor? A year and a half.

What were you doing before that? Because you're 30, so you've been doing something. Bartending. I job hop a lot. Did you go to college? Dropped out. Yeah, me too. It's okay.

So just like the odd jobs and service-based jobs? So I've been in pharmacies. I've been in hospitals. I've been in management positions. I mean, everything. I've done management. No. I'm mostly serving.

Pharmacy tech. I hated it. What do you want to do then? Because all of a sudden that becomes a little extra concerning on top of what we've already, you know, discovered about the house thing is. Real estate is what I want to do ultimately. Okay. So it's what you want to do. But we've job top like crazy for the last decade of our life.

What's the longest you've held one down? Why would you stay there? I agree. But there's no stability or career traction either. But I didn't know what I wanted to do, so I didn't do it. When did you discover what you wanted to do? When I was like 28, like two years ago when I got my real estate license. Okay.

How's it been so far? Really good. Yeah. Is that the right area to be in, though, if we're making 50, but then again, if you're making 50 with a low cost of living area, it should be okay, depending. Is this a single income household? Yes. Any dependents?

One. What? A four-year-old. Oh, okay. Four-year-old. Um, full custody? Yeah. Child support?

Um, yeah. What comes in with that? That's income. It's like $180 every other week. But I don't spend it. I save it. So when my son is that go, it goes into an account for like tax advantage. No, it's just, I haven't moved it around yet.

It goes into whatever account they set up and then it's just been sitting there for my son. Okay. I'm going to say $5,050. Now, with your real team setup, How's the income getting paid out? You contracted under another, because usually they're independent realtors, even at a brokerage.

Yeah. Okay. How are you prepping for taxes do very soon? I have money set aside for taxes. How much? Probably not enough, but. That's not a number. Like, 5,000.

Better than most people on the show, did you pay taxes last year? No. What do you have money saving up for these next tax? But you haven't paid last years. I didn't have to pay last year. I was bartending last year. Like I just quit.

Did you file? Yeah. Oh, so you paid your taxes. Okay, yeah, I paid them. That's different. I thought you meant did I pay from real estate? No, I didn't pay from real estate. Did you get paid in real estate?

Yes. Did you claim that income? Yes. Okay. I had tax write off. So between my property. Properly? Yes.

Absolutely. Was it a professional? Yeah. Okay. This year I don't want to do them professionally. Why? You probably should. It gets a little complicated. It gets a little weird. I know. But I will. I'll do them professionally. I mean, I'm sure yours aren't that crazy. Like, it's not going to be that expensive.

No. I mean, last year in real estate, I only made $20,000. This year I've made more. But I was bartending full time last year. Well, now part-time. Wait, okay, wait. So what's coming in with the part-time work? So, again, I have $5,000 from the real estate. Now, what? What do you do when you get a real estate check? What do you save? I try to save 20% of the check. Okay.

Should be okay. You know, the usual standards about 30. So I don't always save 20% out of every check. Then what the, what are you talking about? That's why I only have 5,000. Okay. Why does it immediately, why is it unknown whether or not it is saved or spending? Well, I pay all my bills the first of the month on the first.

every single bill I pay comes out of my bank account. So if I need to pay the bill and I don't have it, then I use that. How do you organize your money? How do you sit down? How do you think about your money? How is the money thought about? It all goes into my bank account. I pay my bills and then I don't look at it again. How do you pay your bills? Most of them are on auto pay for the first of the month. And I make sure they come out. And then I have a book where I have every bill that I owe wrote. then I pay it. And then I close the book and then I don't look at it again until the next. You literally spent more money this last month and came in. So that does not make sense. That is not lining up with the literal reality of your situation. Yeah. Well, so what are you

talking about? I mean, obviously something is different there than you are expressing. No, it's not different. I pay all my bills. Yeah. Bills. What do you mean by bills? Are you just talking about like the minimum monthly payments and things that are required? No, no. I've paid off. my credit cards to a certain degree. There's a couple credit cards that get some payments and there's some credit cards that are getting kind of. But I'm working on it. It's not like I'm just not paying them.

Everything gets a payment. Yeah. Like a minimum monthly. Is that what you're saying? Like $100. Every card gets at least $100. Okay. If the bills are paid before we close the books, why?

How? How are we spending more than it's coming in? I'm trying to understand this from your perspective. Because I'm shopping. I travel. Okay, why isn't that tracked? Why are we tracking our bills, but we're not tracking our spending? I don't know.

Because if I track it, then I probably won't do it anymore. Isn't that a good thing? Isn't that what gets us to the best place? Real team's a very interesting profession in the fact that, again, like you said at the beginning, you don't get paid unless you make a big sale. So if you're not doing anything or helping someone find a place as well. I know some of it with commission has kind of changed up recently. But either way, whatever.

You don't get paid unless you get paid. It's not an ongoing bi-weekly payment. Okay, wonderful. With that, you would want to be basically debt-free to have no risk hanging over your head as you're in a more risky job situation. You'd want to fully fund an emergency fund to be able to cover yourself probably about 12 months, actually, as like a business owner, which are your kind of own business. Yeah, but technically I don't spend out of my bank account.

I only spend on credit cards. you understand you have to pay the credit cards. Yeah, and I do. I pay them. Not off. So in the beginning of the month, I track my monthly bills out of my bank account, and then I only spend on a credit card. Yeah, but you don't put back on your credit card what you spend on it.

I know. So it's not, it doesn't work like that. What is your philosophy on this? Well, I don't really have a philosophy. Tell me your reasoning, because there was at least a half a thought that made you go into that. Because I thought that, honestly, I just like to spend money. I get it. But your reasoning behind the credit card versus the bank account. Well, there rewards credit cards. And they don't all have interest. So the-

A couple are interest-free right now, yes. And they'll be paid off before the- Says what? They're going up. What are you talking about? It's confident. There also is card accruing interest. But those don't have big balances. But it's still accruing interest showing that you are not able to manage paying off a card before interest starts accruing because we have credit cards accruing interest. I just want to spend on credit cards that I don't have to pay out of the bank account. Oh my gosh.

Yes. Okay. Okay. Interesting. Interesting philosophy. When the bill comes, what do you do? Because I'm talking about the big bill. the interest hitting. You said it's going to, you're going to pay it off before. I'm going to pay it off

before. What's the confidence behind that, though, because we haven't done that with the other ones. So what's the confidence behind that? Because it was a new strategy I started, I guess. So I decided So I decided if I stopped using my other credit cards and I just got a new credit card that was Travel. On this first one, you spent $300 or $3,300. I don't know what the fuck you're talking about. Were you paying that off if $5,000 is coming in and you have to set 30% aside for taxes? on my future closings. You're banking on future closings. Yeah, I'm going to have closings.

I have clients. That's not guaranteed. It is in my mind. What? That's not how this works. You're not manifesting closings of houses. Why can't I manifest closings of houses? No, no.

It is not a guarantee that you will close. What if your client, you know, he saw the COVID prices or something. Are we talking about the ones you're selling, right? Yeah. Okay. So your sign, client saw the COVID pricing. It's like not even getting close towards that right now. It doesn't want to sell his house until rates go down. Maybe housing prices go back up so that he can

get what he wants. Maybe he has a bottom that is willing to sell the house for and he doesn't get it. What is to suggest you are going to get the closing? That is not a hundred percent guarantee. You're taking a big bet on that. By accumulating just on the first card alone over $10,000, you'd have to make multiple months of hit that off, including paying your bills and two mortgages. That was from consolidating my other cards. There's a lot of spending on here. There's a lot of spending on here. It is not just consolidation.

Like 6,000 of it is consolidation. So I don't give a fuck. So a double, half of it is consolidation just about and half of spending. That doesn't change the, how do we pay it off in time if we do not get the closings? Because you were putting yourself in such a risky position, essentially borrowing from your future self, but in a more extreme scenario. Because usually when people borrow from their future self, they're going to be a more extreme scenario. They borrow from a paycheck that is more confident to come because they already have a job that is giving out that paycheck on a consistent basis. But you're not.

Your paycheck isn't necessarily due with luck, but you also do have the client side of it. If your client is not willing to sell it a certain price and who knows what the real estate market is and going to be, you don't really know. You're putting a lot of risk on that. I live on hope and faith in a dream, I guess. Yeah. And you have a credit card. And you have a shone of debt. So that's not working.

What's your investment account like today, 30 years old? Like my 401K is probably like five for $10,000. So you're behind for 30? Yeah. Is the hope and dream working? You're behind. Not yet. You have as much on one credit card as you have on your hopeful guessing high end of your retirement account.

Yeah, it is. I mean. Are you in the appropriate time to get a house? Of course, according to like Dave Ramsey, no. You know, but okay, whatever. I don't think he's correct on leverage for homes. But even still, we have all these thousands of dollars of credit card debt. Are you not expanding too quick?

Not getting too close to the sun? I don't think I am. I feel like your monies are never growing. So did I. Until I discovered one simple strategy that changed everything. And trust me, if I can do it, you can too. Because you shouldn't need a Wall Street degree to stay on top of your money. If you're ready to start investing or are already investing,

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because managing your money doesn't have to be a headache. With Moomu, you'll have the tools to invest smarter, not harder. Why? Why do you think you're not? Because if you don't take risk, they're never going to pay off. It's not about not taking risk, but there are different levels of risk. It's a risk to jump off a building. You have a 1% chance you might survive if it's like 10 stories.

Why take the risk? It doesn't make sense just because you have a chance. Like, yes, there are risk. And technically, if you take out a 2% million year mortgage, it is technically a risk, but it is still a low risk, but it is still a risk. But taking out a 20% mortgage on a five-year loan, that is, it's not equal just because it's a risk. Well, I'm, I think I'm doing good. Like, I don't think I'm doing bad.

Listen, you have more credit card debt than you have in retirement. I don't know what the fuck you're talking about. You have a kid. You have a kid. I have a kid. I have a four-year-old son. set yes you told us and you set aside the child support okay so we can't even no look we wait okay the part time the part time work how much comes in with that we didn't get the full picture on income um

it's just seasonal so it's just seasonal bar seasonal yeah it was just someone that I knew and they were like hey can you come help out and I was like are you still doing it um yeah one day a week how much do you a hundred dollars a week two to three hundred dollars a week For like four hours. 100% Yeah. So we can bet on an extra 800 hours a month. Yeah.

100% ongoing. For the month of December, but not for like January or February. Why not continue? Because I don't want to bartend anymore. I don't like bartending. So I don't want to do it. But you might need a part-time job regardless. And it sounds like this bartending thing,

300 bucks in a day is not bad. No, it's not bad. I just don't want to do it anymore. What's the want? Is there something dangerous about it? Are you getting harassed? Is there anything bad? I mean, not at this job.

Okay, then I don't give a fuck. You might have to do it. An extra 800 bucks a month. Okay. I did not do that. Okay. So, first of all, for the 5,000 that comes in, we're going to set 20% aside is what you're doing.

It's a decent start. Okay, plus the, you said 500 in child support? It's 180 every other week. Oh. Oh, oh. Yeah. Something a month. Okay.

Yep. Okay. And then. But I don't use the child support. It just sits there. I don't count it as income. But it is income. You could use it if you have to.

I'm just trying to figure out what the income situation is. Plus 800, which you're probably not claiming. Cash tips. $5,160. That's what comes in if you're actually doing your tax situation correctly. Okay. So that's your income. That's what we have to work with.

Okay. Yeah. Yeah? Not terrible. What comes in from the rental property? Maybe like $100 a month. What's your mortgage? My mortgage is like $6 something.

You said it covered your mortgage. your mortgage. Yeah. That covers the sixth of your fucking mortgage. No, they only pay like 800 and my mortgage is like 680. You said 100 comes in. Yes. You mean net? Yeah, I net 100. So the rent is 800? Yeah. The mortgage is 650. Yeah. Then you're setting 3% aside for future repairs and 3% aside for future vacancies in a minimum. Yeah, kind of, I guess. It sets in an account. What? What does? The money that they pay, like I have a whole separate account for my Do you spend it? Where does it go? No, it just sets in there.

How much is in there? There's about two grand in there. Over the course of how long? Just a year plus their deposits in there. So their deposit will have to go back. That would cover a little, you know, that covers, what, six, two and a half months, almost three months of vacancy. Yeah.

It's not really good enough, but. I mean, I don't really ever plan. But I appreciate, you know, spending it. Yeah. I haven't really. I haven't had to spend anything on the house. Like they haven't needed anything. Yeah.

How long have they been rent yet? It'll be a year. It's about to be a year. Yeah. Okay. That's very basic. Even when they leave, you'll probably have to do some flippage,

a little bit of paint. Well, it's family. Like, it's family that's living in there. So I told her if she wants to paint or do anything, like she can do whatever she wants to it. That's even more.

That's even more expense than when they move out for you, is what I'm saying. That might drive down everything you've made from it plus more. How? Like, how would that? do that though. Because paint costs money. But it's at their expense. Like I'm not paying for it. They would have to no, back to basic condition for them to rent. They wouldn't have to replace the carpet of just normal, normal things. Of course, if they like caught it on fire, yeah, I take it from the security

deposit to do it. But in terms of just like walking around and it gets some wear and tear, a lot of times you replace carpet per tenant because it's relatively cheap. Yeah. I mean, there's only one spot of carpet in the house. It's almost all hardwood floor. Did you get a security deposit? Yeah. How much? 800. Okay, that wouldn't cover painting the whole house if you had to paint the whole house. It would. I bought the house and I flipped it. So I read it. You did the full paint. You'd have enough time to go there and do all the paint. I mean, yeah. Okay. You would essentially have to. Yeah. I mean, I did it when I bought it. I repainted the whole entire house. I'd reed it all the floors. I redid the kitchen. I redid the bath. Wait, how much money did you put into this house then?

Um, I probably put about five to six grand in the house when I first bought it. When did you first buy it? Two and a half years ago. And it's only been renting for a year? Yeah, I lived in it for a while. Oh, okay. Well, that part's okay. Yeah, I'm curious to look more at this.

It's certainly not getting the cash on cash return that I look for when it comes to buying rental properties, but... No, it's definitely not, but... Why are you doing it then? Family, helping family out. I appreciate the... helping hand, why do they need it specifically? Because of their situation that they're in. Is that, but do you get burdened forever because of that?

I mean, not forever, but for a little bit. Is there a timeline? Is there an extra strategy? Something we're going to have to talk about in a couple months when their lease is up. Okay. What do you want to happen? I'm going to have to raise the rent. Two?

probably a thousand why do you have to um to cover repairs and cost and to net off of it i mean that's one of the cheapest rentals of course absolutely absolutely let's see self assess where do you think your finances are today zero to ten um five five middle of the road halfway decent again this first credit card is over 10,000 hours we have two in a row that are just like that but that's the spending okay Wait, okay, okay, okay, okay, listen. Okay. 5,160, that's your income. How much did you spend last month?

How much did you spend? I don't know. How much did you spend? Go ahead. Best guess. Probably like $5,000. $6,929. So, fuck you five out of ten.

Come on. I spent $6,000 last month. No, you spent seven. You were only a few hundred under, no, less than $100 under seven. Oh, my God. No way. I did not spend that much. That's no. You did.

No way. No, listen, here's your little. No, I'm not going to show it to you yet. We'll get there. You spent $1,000 on fucking going out to eat. My God. No, I did not. This is what happens when you just put everything on a credit card instead of spending on it.

Even from a checking account, you probably wouldn't look anyway, but this is giving you even less opportunity to look. This is what happens when you don't track your shit. Five out of ten? No. If you watch your hammer financial score. it's free, link in the description below. See where you are. See where you are in your financial health.

And then if you want to come on the show here in Austin, Texas, it's a fun time, it's a good time. I'll give you some verbal punches and we'll connect you with resources and get you on a plan. Go to Calebhammer.com slash apply. No, you have no idea what the fuck you're talking about five out of ten. You didn't even know. You spent 2,000 hours more than comes in. You don't have enough saved up for taxes.

I don't know. What's in your emergency fund? And you're behind in retirement. What's in your emergency fund? Probably five. thousand. That's horribly risky for you. You should have a year at a minimum. And you have two mortgages to take care of. And the relationship's complicated with the people in your other house. It's family. It's weird. So, not really good. Take our budgeting class. Take it. You can use it for your

business and for this. Take the debt class because it goes over how to utilize mortgage and leverages correctly. If you continue to do that in the future. Take all the quizzes that go. all the education, take the investing class as well, because you get all three of them, take it, go through the quizzes. At that point, we're looking at like 10 hours of education across the board. Do it, seriously, because you're a part of all three of those things, and you need to learn about the risk, because you don't understand risk yet. You need to learn how to really get that cash on cash return that you're trying to achieve while

you're behind on investing. It's not looking good. I'll be honest. You put yourself, I think, in an over-leveraged position, potentially for you with no emergency fund. You guys get all the education, by the way, bundled at 15% off. Link in the description below. But make sure you go through that. So this first card, we're looking at Chase Freedom. And freedom is obviously what you are looking for. You are a part of that financial mindset, financial brain. I want freedom. I want the rental

properties. I want the income coming in. It just funds my life. All this stuff. Funds my extra spending that we don't track. Spending that we don't know. Okay. Cool. but you're getting no freedom from this card and you said you got a consolidation on here? Why were you in the debt in the first place to $6,000 dollars did you consolidate out in here? Why? Why did you have that debt? Because I'm repeating cycles.

No, what did you get into the debt for? I don't know what I bought. When? How long? The debt on those credit cards that I consolidated were for years. Multiple? Yeah. Two capital one card. How was consolidating and helping?

So my thought process was if I consolidate on a zero interest card and my Capital One cards were like 25% interest. I would not be paying interest on the day. So I was like, okay, I'll save myself money and then pay it all off before. Except what happens with every single person

that comes on the show, including starting to become you. What happens? What happens? They don't pay it off. It's not just about that. You didn't change the behavior that got you in there in the first place.

Stop tapping the table with your little nails. You. spent $2,000 more than comes in. $2,000. If you do that, that has to be going somewhere. That has to be going on debt. And you clearly did not change your behavior if you spent $2,000 more than comes in. So you build up to credit cards that you consolidate it or you make this one worse.

And we know for a fact you're making this one worse at a minimum. Because, again, you said, when did you consolidate $6,000 on this card? August. August? Only a few months ago. So we're from 6,000 to 10,000 to 35? Yeah. I'm spending too because I have pages of bullshit in here. So how much you saved up for your kid? I think five grand.

Everything is five, five, five, five, five. Listen, you are behind on everything. I appreciate you starting on different things. You don't have enough for an emergency fund. You do not have enough for retirement. you do not have enough for your real estate fund in terms of for future repairs and vacancies. You do not have enough for the kid depending on what you want to do, whether it's pay for different things in the future, or giving them a lump sum of money, whatever it is.

You're just behind on everything. You contribute a little, you make a little thing here and there, and then you offset it, honestly, by spending more on credit cards and pushing that can down the road. So really, can you afford to do those extra things? No, probably not. But you do all this things, and then you think you're doing a good job and you think you're a five out of ten, because you technically have those funds, but they're all microcosms of where they should be

in order to get to where you want them to be. But it's better than I was two years ago. So like I'm starting to get somewhere. Okay, then two years ago was like nuclear apocalypse then. And I don't care. Now it's just Ebola. But it's still Ebola. It still sucks.

Why would you want that? I don't care if it's better than two years ago. What did two years ago look like? Okay. Let's go back farther than two years. Why? Because I, This is story time.

This is financial audit. What? What? What? I mean, two years ago, I didn't have anything saved. Besides that support for child, like the child support account. Two years ago, I had zero. Absolutely nothing.

Literally zero. So now I'm starting and now I'm getting my shit together. No, you are not getting your shit together. Again, the only reason you have that money set aside is because the money that you spend is being put on future payments via credit card. Can I have the whiteboard? I think I need a whiteboard this. I need you to see this visually.

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Okay. So here, this is your income, right? Yeah. Okay. So let's just call this your general expenses. Okay. This is what you have, this is generous. But let's say this little square is what you are putting.

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at LifeLock.com slash special offer. Terms apply. This is fucking generous, because you don't just get to 5,000 with this big of a square. But let's say this square is what you're doing investing, okay? These are your minimum monthly payments. This is your investing. But you also spend another additional full-size square

above your income on going out to eat another bull. You're only able to do this investing because you're having access to credit cards right here. You wouldn't, you think you're in a good place because this square

exists, but it wouldn't exist without the credit cards, without you deferring your spending. If you're putting this on the money you actually have, you would have no money to put into the child's fund, into the business fund, into your retirement fund. The only reason you think you're doing okay is because of this, but it's only there because of this. Kind of like my safety net. What's safety net? What are you talking about? The credit card is like my safety net. But it shouldn't be. It's risky because it's going to come back to bite you and you don't have enough. Let me see those lengthy emojis on chat.

Does that make sense? Yeah, it makes sense. And that extra bubble on top is putting risk on your child's future too because you're going to want to contribute to their little part of the square. So if they have a college fund or whatever you want to do, it's up to you. You're not necessarily required to do that. But when those payments become due, that square is only going to get larger after interest starts accruing. And you are going to not be able to contribute to those. other things. In fact, maybe you have to take from him. Maybe you have to take from the emergency

fund or start pulling out of the house a little. And again, on here, we had literally $3,301 of purchases. $3,300 of purchases. Well, it's Christmas time too. You're Christmas. It's not. You're a few weeks away. Christmas time. So how are, Thanksgiving time. Okay, I shop early. You don't have money to shop. I don't get that. I think Yes, you can get gifts for your kid. We can do that. And you can, it's, they're three, they're four. They barely know what's going on.

They're just stumbling and through existence right now. They don't know what's happening in life, you know? He definitely knows what's happening. In life, he doesn't. You can get him some bullshit toys and he would be happy. I got him a tent. You could, well, that's, yes, that's what you did. I'm just saying for a four-year-old, you could get,

honestly for for kids a lot of times for kids saying as a very successful parent myself a lot of times for kids though sometimes it's just about opening you know if you just get them you can get them dollar store toys but if they can open a thousand things i feel like they're having the best time best christmas ever not a big tent it'll be cool it'll create cool experiences but you could do christmas on the cheap the three thousand dollars that you spent on there. That, just even sitting in, uh, if I take that, let's pretend I put my child's fund in my mu mu investing app, that gets 8% return on its money. Literally just putting it in their uninvestigate gets 8% on the money. That could go towards his future. But instead,

he's getting a tent. What happened? Why was a whoopsie? Were you guys together? And then we're just like, oh, we're not together anymore. kind of I asked two different things what which one was the answer it was both both both it was dating and a hookup we met on Instagram he was going to be my personal trainer we became friends and I got pregnant six months later so the friendship was very successful it's very fruity friendship we were together for a year after I had him. Okay. And it just,

he gave you a, in his training, he gave you lots of stretches. You could say that, yeah. But now we're, now it's good. Like we were together

for a whole year and now we're really successful at co-parenting and. Well, that's good. A really good relationship. I'm happy to hear that. Yeah. Okay.

Raising, what co-parenting, you said you have full custody? I do have full custody. Okay. But he gets him like a couple of days a week or he, I mean, we don't have anything set up through the court.

If he wants him, he'll text me and say, hey, can I have him this weekend? Or I'll text him and say, hey, I'm doing this. Can you keep here? Da, da, da, da, da, da, da. Okay. Raising Cains. Yeah. Wendy's.

TikTok. TikTok. Are you kidding me? Sheen? Frient Timu makeup? T.J. Max. American Eagle. Frozen custard.

This isn't deck consolidation. This isn't things helping our future. This is going out. fucking eat. Raising canes, juice and smoothie, seven brew, Little Caesar's Taco Bell, uh, GDP de juve, I don't know, looks like a restaurant. Jimmy John, seven brew, Duncan, Duncan,

Paris and Mexican restaurant, Texas Roadhouse, seven, what if the fuck is seven brew? You go there every second of your life. I live on coffee. I have to have a coffee to get a day. Okay, great. Brew it at home. Wonderful. You figured it out. It's not the same. No, you're right. It's better. You get good beans and it's still cheaper.

But then I have to buy something to brew it. And it's cheaper. I need convenience sometimes. It's convenient. Set it to brew before you wake up. Even a cure egg is cheaper and that's beyond convenience. What are you talking about? You're having to stand in a line and pull out a wallet.

The fuck do you think conveniences? Seven brew, you literally just drive through. You pull up, you order, you drive through. Behind a car. Two seconds. No, like it literally takes two seconds. Okay. You know it takes zero seconds? You wake up and the coffee's already brewed because you set up the night previous. So, no, no. I want to drive through.

Hey, how about you want to fucking retire or be successful in some way whatsoever? Listen, you are in the mindset. This is very clear from the way you've kind of talked about what you want to fucking do is that you want to be in that, not necessarily fire, but financial independence in general. You want to have that like, what's your plan with these houses? You're in the real estate world. You're starting to think about you already have two houses. What's your grand vision here? I would like to be able to do real estate part time and just make money from my investment properties.

But instead, going to coffee every second of our life and shoving it down our throat is more important. I'm not an anti-Starbucks person, anti-Go-get coffee. You literally have debt destroying you and don't have an emergency fund and nothing to cover this house if anything were to go wrong. Well, I don't plan on anything going wrong. Nope. What do you think an emergency is? Oh my fuck, are you kidding me?

No one does. No one plans on their car breaking down. What are you talking about? Do you plan people plan on getting cancer? What are you talking about? You're not going to get to that level of the independence you want if you're blowing at all. And it's not just about the seven brew coffee place. Again, it's the pulp smoothie, fairy tale film Ohio, Marshall's sushi.

Some of those are for work. Some of them might get reimbursed. Sushi. reimburse to the business? Yeah. The your brokerage? Yes. Like the fairy tale.

That one. Okay. Great. Fairy tale. Great. One out of the 1,000 we talked about. No, some of the food too. Marshalls, Sushi, 7Brew, Central Pipee coffee,

Olive Garden. Tim Hortons. I do miss Tim Horton. Seven Brew. Lobby, Hobby Lobby. Wendy, 7 Brew. Panda Express. Seven brew.

Bush Concessions. Juice and smoothie. Coffee cup. Longhorn Steakhouse. Dude, you're going out to eat. every second of your life. Every day you are going and getting coffee. You're getting coffee every day and you're going out to eat every day. $1,000 a month. A fifth of your income going out to eat. A fifth of your income is going down to something that is not even lasting more than

five minutes. Seven brew, Longhorn Steakhouse, bath time. I didn't think I was spending that much. Well, guess what you are. So congratulations. What, I don't, it doesn't matter what you think. You are. That's the point. That's what I'm trying to say. Dunham's, seven brew, sushi, Texas storehouse, Wendy's, Olive Garden, coffee house, seven brew, seven brew, hobby lobby, seven brew. Five and shit seconds.

Every four seconds. One for the little sweater. I don't like to wear the same thing twice. Are you fucking kidding me? But you want to live off a sustainable income through rental real estate? yet you would rather not wear the same thing. Not wear the same. What the thing? What are you talking about?

Every outfit that I've worn on the show until I got this brand new sweater. I've worn the same outfit for like two and a half years. Because who gives a f***? I care about the priorities in life. It's a bad habit and I don't like to wear the same thing twice. What do you do with your clothes? I give them to my siblings and we kind of like rotate clothes. So like we'll...

You seriously buy an outfit once and you pass it along? I mean, I don't necessarily just wear it once. but I don't want to wear something and then if I get pictures in it or like I go to an event and I wear something I won't wear it again. So like my grandpa's funeral, the dress I wore, I won't wear that ever again. Well, that's that. But it's the same concept for everything. That but not that.

That is not a wedding dress. That is not a funeral dress. That's an event thing. This is not an event thing. But if I get pictures done, so if I get headshots done in an outfit. I won't wear that in another headshot. What about your damn future? The future that you desire.

Which one's more important? That or having a waiter's shirt twice. I mean, my future is more important. Then prioritize it. This spending on here is insane. Again, literally, we went through this. This was all bullshit. $3,300.

You're willing to spend $3,300 on bullshit. Longhorn's sakehouse, door dashing, Bovang, 7 brew, frozen custard, seven brew, KFC. And then you had your consolidation fee in here, which was not cheap $1228. And no, it wasn't $6,000, you fucking liar. It was $4,200.

So less than half of this card was consolidation. Don't fucking lie. Don't come to the table and lie. We don't get to the other end if you are bullshit. We do not get to a place of progress if you're bullshed. Does it say it was only $4,000? Yes, $4,200. When was the date?

What was the date of that $4,000? I don't know. But I do know that this expires in less than a year from now. Which means with this $10,300 in the, you got about nine months to pay it off, really. You've got to put $1,44 towards it without spending on it. I know you put a little money towards the cart, but you spent $9.00,000. more. What's the deal with predicting the future of business? Inflation's up, then it's down. Rates are cut, then they're raised. It's like trying to follow the plot of a bad soap opera. If someone

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let's get back into it. If you just do the minimum monthly payment in this card, it takes 22 years to pay off. You have to go with great. I feel like I could pay it off. Then why aren't you? Because I just like to spend money. It's like my guilt. Like if I'm having a bad day or if I'm doing something like I just. I like to spend money too.

Wonderful. Great. Cool. How do I come back? You prioritize. You act like a fucking adult. You budget. What are you talking about? You actually know what you spend on.

You didn't even know you're spending more. You didn't even know that you're spending more than you make. You didn't even know how much you spend on food. You didn't even know how much you spend on outfits. It's literally. just tracking it. It's the most basic thing you do at the end of the month again, you'll go through the class. But still, you just prioritize. I like spending money too. But I decide, hey, I'm not going to get whatever this toy is or something that is fun because I have goals that I am

trying to hit. I would rather have more money in the business because I want to grow the business. I would rather do that because that's my priority. You recognize your priorities and what do you have to cut to get there? What sacrifice do you have to take? You don't get somewhere without taking sacrifices. If everything was like that, the life would be the easy thing in the world. There'd be no problems. But that's not the world we live in. So you have to make choices. And the choices are right now, even though, yes, you do want to hit those goals. You want to go get coffee and new clothes every day more than you want to hit those goals. Those are your top priority goals because that's what your actions are saying. That is where your money is going. That's what you're going out every

day and doing. That was heavy. Seven. As long as it's actually going through. That's all that matters. All right. Huntington. cash advance. I've never taken a cash advance. But it's under cash advances. Okay, what, what happened on this card? Tell me what happened on this damn card. You say you pay off the cards and there's no interest.

This is the whole thing. This is the whole thing of interest. I don't have a Huntington credit card. So that must be like my line of credit. So I took out a line of credit on my first house. And your first house? what? For what? What did you do for what? Not for the renovations?

I don't remember. No, you have to remember. I think it was to pay off credit card debt. But then your credit cards went up. Again, you did not change the behavior. You need to stop taking shortcuts. It's for some. I encourage that consolidation

if you take care of it first your behavior. I guess I don't remember consolidating multiple times. I think I just black out You don't remember. No, I think I black out. I black out when it's like... Lady, this is at $11,07.

You can't just forget $11,07. Something accruing $115 in interest a month. That is not something we just forget. Yeah. It was like a year and a half ago that I took it out. Yeah, but I forget it. It's under 15. I know.

I mean, I pay it every month. Yeah, because you have a set up on autopay. But you're not trying to make any towards progress towards that. Any return on your name. investment in this house is not better than the 13.9% interest on here. It is not real estate does not do that. Real estate is great for tax advantages. It's good for long term. You get a little bit of growth. The rank goes up eventually, you know, depending on what you choose to do as an owner and landlord. But you're not getting better than that on an annual basis averaged out. So you would

prioritize paying this down. That's why I'm against you having this extra house or anything until this is down. I'm not thought, oh, it would have to be 100% debt free and buy a house. with cash. I'm not like that, but you've got to make the math make sense. And math ain't making sense right here. It was.

It's not. Not now. Well, now's what matters. Because you could get rid of the house. You can pay for it. Maybe, according to you, we'll see. I need to take a look at it. So this is a personal loan.

Or it's a line of credit. It's a line of credit. It's a line of credit. Yeah. Okay. Okay. So you owe $11,000. You took it out a year and a half ago.

It was it 11,000. and $9. Minimum of monthly payment. I think when I took it out, it was like 16 when I took it out. That's $1.15.73. This is going to take forever to pay off. That's going to take forever to pay off.

Wait a minute. Wait, wait, wait, the minimum. They want you to never pay this off. Your minimum monthly payment is as much as the interest. This never gets paid off without paying extra. I do pay extra. Yeah, you paid a couple dollars extra. But essentially, but the minimum, that's the same.

That's crazy. They never want you to pay this off. Oh, for fuck's sake. I mean, I'm going to pay it off, though, but. I'm sure. I appreciate the confidence. That's not how the world works. It's not, you don't just say something and it happens.

It's not how it works. You've got to put in the action. You've paid off credit card, sure. because you've consolidated them and taken out lines of credit. You've never put in the action actually paid off. Oh my gosh, you've actually never. You actually haven't accomplished anything. You haven't.

Again, with the block analogy, you're just putting it all on credit cards, so really you weren't actually putting anything extra towards investing. All the interest rate is killing all those investments, by the way. It's not even close. It's not even comparable. You're losing. You didn't pay off credit cards.

You consolidated and took out cash against your house. You haven't made progress. You're not being successful. You're not. You're having the, um, just like, I don't know, like the mirage of success. I think I'm being successful. I mean, in my head, I'm successful. Of course, but you're not.

You're not. Money wise, you're not. Like, it's not making it out in the end. Also can't manage credit cards. Again, because of this other one. Here's this other one as well. This is a fees. I see fees $60 this year.

So that's making it go up. In general, if you're just doing the minimum monthly. But again, here's another credit card to where interest is accruing. He actually paid a decent chunk of payment towards it. You could have paid it off. Then you chose not to, but I put an extra $254 on it and allowing $14.53 of interest to accrue. Like, why?

You could pay this off, and you're not. You're allowing interest to, you're allowing interest to happen. Why? Because it is so choice. It is so choice. I was just choosing what card to pay. So I was just paying, like, different cards. and I didn't pay that one.

What do you mean? You did pay. You just didn't pay it off. Completely. But why? Why allow interest to accrue? Why allow interest to accrue? Okay.

I'll ask it a different way. Why did you decide to put it in the other places instead of this? I was paying them based on how much interest was accruing. So if it was a higher interest card, I would pay that balance. So Avalanche? But why in that case, the debt payment strategy? she doesn't make sense. Because I keep spending.

Yeah, because you keep spending. Well, no, not only just because you don't keep spending, but you still put more than the minimum of the payment on this. If you were trying to take care of the highest interest, once first, all your money would go towards them and just minimum of the payment on everything else. But you're still putting more than the minimum on everything we've seen so far. But of course, you don't spend and fucking get it all anyway. But that's not how the avalanche or death snowball method works.

I guess I was trying to combine them. Well, no, you weren't because neither of them do what you're doing. so you're anti-combining them. You're doing the opposite of what they both say. So I don't know what the fuck you're talking about. No. You're trying your own method. You're trying to fucking Rebecca Plus.

Yeah, and it was working for a while. Nope. Incorrect. That wasn't. Your debt's only gone up. You consolidate. You have the perception of it working. It is not.

Uh-huh. But it is not. I need you to know it is not. You cannot say that it is. I can't. allow you to think that. $487.49 with a $25 minimum fee payment.

$14.53 of interest is occurring. You're not a credit card person. What the resources we'll set you up with. We'll get you the FISCard, which is the debit card that builds credit. Because I assume you care about the credit part so that you can leverage. What's your credit? My credit score?

Yes, the thing we're talking about. It's fine. Yeah, yeah, yeah. It's pretty good. It's pretty good. But you're not a credit card person. You don't know how to use these. So use the FISCard.

And I'm also going to get you off. If you're going to run your own business like this, go through the account accounting certification through course careers. Usually most people use it to, like, boost their resumes and to get better incomes. But you need to do it for the educational part specifically. So you can manage your damn business and account in life. Take their accounting one for you. Okay.

All right. Well, okay, first of all, what's Montmont Global Corp? That was hair products. but it was set up. Your hair looks fine. Well, now it does. But it was set up to bill monthly, but I canceled it. I didn't know.

Like, I didn't know it was. Yeah, but $150 for that? No, I returned all that stuff. I don't see it. Well, it's not there yet. And then Papa John's and Primal Queen. Primal Queen is a supplement that I take. How often?

52 boxes is a lot. It's a whole month. It's like 30. What are you supplementing? That's a lot for a month. It's beef organs. So like it's, do you not have organs? No, I do have organs, obviously.

But you're not eat beef? No, they like grind them up and it's supposed to be really good for your body. You need additional iron? Like, what do you struggling with? Yes, yes. Take iron things for like $5. I'd like to do stuff more holistically than... No, you like to spend money you don't have.

No. You literally do. You spent 2,000 hours more than you brought in. What the fuck I'm talking about? Okay, I like to spend money. You already go to fucking burger shops every day of your life. Every day you go to fast food, you are getting beef. Yeah, but that's not real.

Well, it is. Not really. Yes, it is meat. What are you talking about? Maybe you're not getting the specific nutrition you're looking at, but you can't say it's not real meat. Yeah, I'm not getting the nutrition that I need. I get it.

Do you have to go about it a stupid expensive way? Because I know you could do it in a cheaper way. Yeah. I mean, no, I don't need to, but I do. And I don't know. What are you trying to be liver queen? What is happening? Maybe.

One day. I don't know. Maybe I want to. Wait, you want your second kid to come out with a beard? Maybe. 23.99% interest rate on this. Like, I don't know why you would allow a balance to just sit on there. Or the way you're doing it is super confusing anyway.

Almost $300 of interest accruing this year so far. Yeah, I don't look at that, though. Like, that's why I thought I was being successful because I guess I didn't look at that stuff. No fucking shit. Why not look? Because now I have a son in a future. I've had a son for four years. Why aren't you looking?

Now I have a son? No. Four years ago is a bit. Life changes a lot in four years. It does. And the first couple years, I didn't quite understand. Why aren't you looking at your numbers now? Because I don't want to be in debt forever.

So I'm trying to get out of it. Does that, are you ever? comprehend what you literally just said? Yeah, I don't want to be in depth. I don't want to be in debt forever, so I don't look at my numbers. What the fuck are you talking about? How does that make sense? How does, how does A get to be in that scenario? Or B to A? They jumped across the road. No, how did it? I don't know. I didn't look at it before and I'm looking at it now. No, you're not. You spent $2,000 more than you brought in. You did not know that. You spent $1,000 hours on fast food. You did not know that. No, you are not. This is not. This is not.

considering looking at it now, me showing you. Why are you not looking? Okay, you want to get out of debt. How does not looking at your numbers help you get out of debt? Please explain that philosophy, this grand wisdom. I don't know. It's kind of like the blind leading the blind type of thing. I just thought if I didn't look at it.

It wasn't existing. And then I would just pay and. Just pay? You're not just paying, though. Again, we have interest accruing on two accounts. The other one, you have to pay 100 or 1,000, 150 on a monthly basis. Or else it will accrue interest. Yeah. I don't know. I guess I just need to look at it now. I'm just trying to get in your brain a little. When you are going about your life, you're thinking about your money. What do you think is preventing you from looking at your accounts? You are making an active choice, even if like super conscious or not, you are not looking. Why do you think based on everything you know about yourself? Because if I don't look at it, it doesn't exist.

But that's not true. You're seeing the consequences. And if you see, you're seeing the consequences regardless. Like, your debt to income might be, you might have a good credit score, but you might not get approved for another piece of leverage if you want a third property or a second secondary property with your debt to income ratio. You might not get it. I didn't think it was that bad. I thought I was doing good. And that's what happens when you don't look.

And then you can't hit your goal. So guess what? Not looking isn't working. It was for the moment. But now it's not. When was it working? No, it wasn't. It was kicking the can down the road. You don't know what working is. This is what is so dangerous about your philosophy. This is what's so concerning about this conversation.

Are you not getting that? Okay, so there's a $561 balance on this card. Do you pay this off every month? Because it was paid off this time. Well, let me see. No, interest is accrued and fees. You've actually had a late payment on this card this year. So I'm just going to put that debt down. Yeah, with a $561 balance. Now you probably, again, you paid this off last month, but again, you've had interest to grew this year and a late fee accrue this year.

And again, is it necessary purchasing anyway? First of all, what's the coaching? Let's start there. Is that, are you trying to get another coach? No. Sorry, that was a trainer. That is like to help with my business. Is that your version of dating going to find, do you find a nutritionist next?

No, that is to help with my real estate business. Like, I have a real estate coach who helps. guide me through the business like through transactions and all of that i'm okay with it on certain things like again but what concerns me about coaching is i've just seen so many scams out there and it's so hard to wade through what's right and wrong how much do you think you're really getting from this can you tell me um i am getting a lot from that i scan through quite a few coaches and that's the first one i've ever bought what the fuck is realtor uh realtor com that's to pay for leads like Oh, yes.

Is that Realtor.com? Is that what that is? Yeah, yeah, yeah. Okay, you're paying my friend's salary. That's fine. Oh. I mean, I've got a few closings from it. So, like, I do track some of my back business where that, what I pay monthly has been paid

off by what I get in. So I am up on, I am up on that. Well, that's a basic minimum requirement. Would it not be? Yeah. I mean, some people, don't. There's a lot of people that.

Then they need to quit and find another career path. Yeah. And then we went to Be Stetic and Amazon and app. We have an Apple bill or Apple Payment. Hulu. Another Apple Bill, Apple Payment. Apple Bill. What are you doing?

What are all these in-app purchases? No, that card is strictly just for reoccurring. What? Like that card I only use for if it's reoccurring every month. So every month to give those to that card. Is it fitness trainers meet.com? No. It's like.

BB aesthetic and so that's BB aesthetic. BB aesthetic is where I get my lips done at. Your what? My lips. Your lips what? Get my lips done like lip injections. Yeah, that's more important than your kid's future. Apple,

Apple is like my Canva and stuff I use for my business. So those, everything on there besides BB aesthetic is really like, you just walk by every gym just duck face. Oh, the windows looking in. I don't even have a gym membership. Oh. So.

No, I know. You're helping a trainer would. come find you. That was the joke. It wasn't funny. Just walking away. You're going, yeah. Duck face all the time.

They look okay right now, but they always look so bad right after injection. I only get them done once a year. I don't do them. But it's a subscription? Yeah, so it's, pull up your subscriptions.

Let me see. Like, I mean, I just. You're not in how to pull up your subscriptions? No. That's the concern. Just open your phone. I'll do it for you.

Like in the settings? I'll do it for you. Just open your phone. It's a good picture. That's definitely a real litter picture. You look like your realtor. Every realtor looks exactly the same. That's kind of offensive.

No, that's true. Come on. Blonde hair, lots of makeup. A lot of makeup and blonde hair. That does not make you a realtor. Look at every brokerage and then, look at every realtor show. Frikin buying New York.

Buy in L.A. Buying Zainesville. See? Okay. No, you have one, two, three, four, five, six subscriptions on here. So you don't even know. Apple Music. Canva.

Capcut. Lenza AI. I didn't know people paid for that. I thought that was like a fun one-time thing that everyone did for a second. Lively cycle period tracker? Doesn't the Apple, isn't that free in the health?

No, I don't know. So two of them should not be active because I've canceled them. I don't know how the lie. Nope. They're all set up for renewal. No, no, they're not.

Yep. No, they literally are. And then also QuickBooks Self's unemployed. What you have canceled was Metaverified on Facebook and lose it premium. That is what you canceled. But all these are active and ready to redo. So there you go.

See? And this is why. You didn't know how to look at subscriptions. We looked at it. Yeah. The. These are not going to renew because they are canceled. It paid for a whole year.

No. No, it's not. You have to. I don't know if you know this. You have to. Probably don't. Push the cancel subscription button to cancel it.

Cancel it then because I thought I already did. there you go it's canceled you're not knowing how to push buttons kind of person I didn't even know how to look at my subscriptions well I've you just literally have to click on subscriptions yeah well I'm glad we learned something good you've had more subscriptions than you thought

and they're all the bullshit that you thought you canceled great okay this is at a 27.74% interest let's see this other card again it was paid off because it was only a $25 balance but then you put $280 on it let's see no interest has accrued on this card So this one I'm going to count as paid off every month And it was colds, colds, colds Because we can't wear an outfit

Okay, so I'm not going to include that in the debt And I better not because it's a 31.24% interest Wait, what the fuck in the hair? What is this? What is this 18,000 from Park National Bank? That's my car note There's a car, I don't know there's a car, of course, there's a car You're a realtor, you got to show up in a nice little car

else you're going to think, whatever, I don't care, What? What? What is it? It's not. It's just a car. What's the car? It's a Honda Civic. Year? 2020. Miles? It's up to 120,000 now. Good. Now it's fixed. So it's good.

Fix from what will happen? I hit a deer. Don't. Well, a deer hit me. I didn't hit a deer. Are you a content creator looking to level up your game or just drowning in the endless grind of brainstorming, scripting and editing? Ben there. Ben, you probably are. But with today's sponsor, Crayo AI, when it comes to content creation, they make your whole life a whole lot easier. Crayo is your one-stop AI tool designed to make content creation stupidly easy.

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Use my code hammer at checkout for 20% off, but only the first 100 people who use my link get the deal, so move fast. Head to the link in the description and check out Quaro today. Like I said, only the first 100 users who use code hammer get 20% off. Take advantage of the deal today because I know we have better things to do than stress over subtitles. $18,961. What's your minimum fee payment? It's like $470, but I pay $5.5.000. I don't care. I just want minimum. 470. What's your interest? I don't know. What's your interest? I don't know what my interest is. Pull up your card of karma for me. Why couldn't you pull a statement like we requested. I did. That is the, that's a statement I got. That's not a statement. This is taking a screenshot of credit karma. Do you not know what a word statement is? That's what I got. That's how I got it. No, this isn't a statement. Do you know what, know what the word statement means? You literally took a

screenshot of your credit to karma. I don't know my lady. How have you survived? How do you have two homes? My car is on auto pay. That's fine. I'm just saying requested a statement. 479 is the official monthly payment. That's what's in here. Started at 30,000. How long's the term? Can you tell me that? My car is seven years.

Okay. Well, you're three years in. Come on. I don't know how to find the percentage. You couldn't figure how to cancel subscriptions either. So I will do this myself. When I got it, I thought it was like 8%. But...

Oh, is this any loans the track. Wait, what do you say? How are you taking pictures of credit karma? but I'm not seeing things in here. I just downloaded my report. Credit age is really bad, but that's okay. That's a high inquiries. Counts.

We don't like the old version of credit karma for some reason. This is really weird. Okay. And it's Park National. That's your car. Let's see. 479. 75 months.

And knows it's a fixed rate. It's not giving me. Why couldn't you log into your fucking payment portal? You can't log into it. What you mean you can't log into it? You could have called. They would have sent you a statement with Park National. So we don't even know the damn interest on here.

Great. That's going to help us when we come up with strategy. It's like 8%. That's horrible. That's what the stock market averages. Up years, down years combined across the board. It's not more than 8%. It's lower than 8%.

Because I remember when I went and bought it, they were trying to get me. Okay. What is the 78,176? On what? A debt. You fucking kidding me? You don't know what you owe $79,000? That's my first house.

What a cheap house? How much was the house? When I bought it, it was like $85,000. Oh my gosh. Oh, hi. Oh, fucking. It's a town I've never heard of. That's why.

And I'm from the neighboring state. My gosh, that's crazy. I got it really cheap because I did work to it. And now it's worth like $170 or $180,000. Okay. Have you had that appraised? Yes. Really?

Yes. Okay. When did you have it appraised? It was appraised before I took out. When did you get it appraised? The year and a half ago when I did the line of credit. Okay. Your house value has gone down since then. No, it has not.

It definitely has. The house across the street literally just sold, like, I do comparisons on it in case I want to sell it. So I know I could at least sell it for 160, 100%. I'll take your word on it. I'd be really surprised if that is the only market in the United States. Stayed stable for a year and a half foot. Okay. Monthly payment?

$6.50. It's like $650 on that house. Well, I'm happy with the Okinawip. position. Dude, even if you sold it for 125, it's still good. Yeah. I mean, I would not sell it for 125 because the goal is if I want to sell it, it would pay everything else off. But don't do that. Have we not learned from the consolidation? If you do not change your behavior first, your debt just gets worse again. You need to correct your mistakes. And only then can you take a shortcut. Do not take a shortcut until you correct your behavior. You're going to fuck yourself and then you're not going to have any equity in the home anyway. So you'll pay off all your debt with this. And

then you'll blow through the money and then your debt will go up and then you'll have nothing to pay it off with. Right. So don't. Okay. What is this $10,000? Is that the thing we already looked at? Yeah, that's the line of credit. Mr. Cooper.

That's my current house. Gosh, it's so cheap there. My gosh. $142,000. That's basically a down payment in Austin. I mean, I put a large down payment on it about $10,000. That's large for our area. I know.

I know. It's a crazy. area. That's a very good, like, wow, guys, if you want to get a house, go there, apparently. I don't know what the job market is. Usually cost of living is associated with that and so is all this, but whatever. Okay, house and your monthly payment there is $1,186.35. How's the rental market? Not that I trust you, but. It's decent. A lot of people are renting rent is anywhere from $800 to $1,200, depending on what side of town you're in. But also depending on the fucking house and square footage and rooms and beds.

Like, what are you talking about? That's such a general thing. Yeah. I mean, my first- How are you saying it's this 800? Because my- Are you talking about the median rent?

Yeah. Okay, but where does your house fall in the median? My house is a two-bedroom, one bathroom. So it's tinier. So probably the less like 600. Maybe you're charging the adequate rent. I don't know. No, I'm not.

How do you know? because I look at houses and do with rent. Oh, you're in like that one part. Yeah, kind of. That's why I said it depends on what side of town because a two-bedroom on one side of town could rent for $1,200, but a two-bedroom on the other side of town would rent. What, three streets away? This is like five neighborhoods. No, it's definitely, it's bigger than that.

You go across the bridge, the wide bridge. If you're on one side of the bridge, it's the nice part. If you're on the other side of the bridge, it's the not so nice part. Which one's the nice and bad, east or west? North and south. North and South. I think, yeah. I think it's north.

Do you not even know your own town? Your river goes north and south. Okay. So east and west. So east and west. So like the realtor of the town. You don't know directions. I don't know north-south, east and west.

I don't know that. And you need to tell people about areas of towns. No, that's why we have GPS. Put it in your GPS. That's not how you describe areas of towns to people as type it in your GPS. Okay. Yeah, go on. What areas is the bad side?

So it would be the west. You're on the east. I might. First house is on. So maybe you can't charge as much as you think. That's why I'm charging 800. It's only 24,000 people in that town. A declining population, by the way,

I wouldn't be buying rental properties and declining populations. It's literally gone down approximately 5% over the past couple decades, 5, 10%, and its continuance decline. And no offense to Appalachian in general, it's actually a very beautiful area and lots of great history and stuff. But not historically known for the best job markets.

I wouldn't be so confident on the selling or rental of the thing. I understand you do comp. And maybe the person just got lucky. Sometimes people get lucky in the selling of their house across the street. But come on. It's a declining populating area in the most impoverished area of the country, the Appalachians. But I mean, people still always need places to live. Yes.

But they buy them in opportunistic areas. And clearly people do not need extra places to live there with a declining population. it says it's declining because I doesn't. Yes. I mean. I don't give it about your feelings. I mean, I understand.

But I don't feel like it is. That doesn't matter. What do you? That's not how this works. How are you going to get anywhere ever? Feel? That's how you're getting the value of your house. I mean,

more houses have sold this year than in the past like three or four years in that area. Just since I've been in the business. And you know what happens when people. buy houses, you know what happens? I mean, these people are selling houses too. I wonder where they're going in a declining city. I mean, everyone that I've helped sell and then move, they've all moved to. And we all know anecdotal is the basis for reality.

I don't know. I'm not saying don't live in the town you love it. It's just like all this confidence of the rent numbers and the value of the house. And when you're statistically, the declines. area of the country, like the definitive declining area of the country. So they never diversified when coal was as high as it was. They never diversified. And it's also really hard because in Appalachia, you cannot build.

It does not have very good arable land. So that is very difficult. It's not like the breadbasket of America. It's not even close. And because there is less flat line, it's also harder to build manufacturing in general. It's a very difficult area. You can't build server farms for more modern technology. It is very difficult.

even if you're producing green technology that's what a lot of people on like certain political ideologies they're like oh it's invest in green energy to make up for the loss and coal production for there but it's really hard to invest in that area because in order to build windmills or solar factories it requires

a lot of land and they do not have the proper land in Appalachia. I'm just saying it's this your overconfidence in an area that I actually find to be beautiful in love is still technically declining and we can talk about it in a rational and reasonable way you're also negative money and uh you had negative money you had negative you were under in your checking account no yes that is a checking account that I opened when I was

16 and started working that's connected to my parents account so I don't so they were negative no no no no I don't keep money in that account that account doesn't it 50s cents yeah but why am I seeing lowest balance 100 negative 105 because sometimes I set up like my auto pay and I don't, like, I don't remember they're going out, so I have to transfer money from one. What is this $8,000 in this other one? Because that's the, that's my personal account. That's the account that I use. The $8,000. Is this what you considered your emergency fund of five?

No. That's separate. Yes. Why is there $8,000? If there's interest accruing on a card that is literally a couple hundred dollars, why would you have $8,000 in this checking account? It's so stupid. I don't know.

I guess that's an emergency fund in my head. So where's the $5,000 then? In a different account. But you called that your emergency fund. So why is this your emergency fund? That's not my emergency fund. You just said this is my emergency fund in my head. In my head.

Because I have two separate ones. Why would you have two separate emergency funds? Because in the account that I don't touch, that's my emergency fund. Correct. That one is that I need, if I needed money for anything. Anything fun? Yeah. Like if I wanted to take a trip.

First of all, it's declining. I love the 8,000 hours, but it went down from 10,0005. Yeah. So it looks like we had a couple of good months and it's supplement. in our bad months. Those were, yeah, those were payments.

Yeah, that is a realtor. You kind of have to do that a little. So I guess we can't really fully celebrate the 8,000 because it is going down and it goes down until we're able to replenish with the good months to supplement us to our bad months. That's just the uniqueness of your job. Two Starbucks,

and then two more Starbucks and a Venmo payment of $10, then we're paying $50, Zelenma, $33, and Venmo payment with $75. Not great. A thousand. How often do you get a commission check? This year I've gotten 12 of them, so I average about one month. Well, 13. And what are we, we're feeling about $4,000, $5,000 per commission check?

Mm-hmm. Okay. Let's get your cost of living. Let's get what you need to survive. And then we can determine what to actually do with this money. This is interesting. I'm kind of excited. We might have an opportunity to actually fix something.

Okay. Debt minimum monthly payments, 103, 1-15. I'm going to count your secondary debt payment or your second mortgage. The one you're not living in is a debt payment as well. So debt monothe payments is $1,3.37.

What comes in, not including the rent. So what comes, you said they pay $600 in rent? They pay $8. Okay. So then what comes in is going to be now $5,000. Well, you need to set $6. Oh, well, let's set 10% aside. We need to set money aside for taxes.

So after tax, you're setting 20% aside for tax. We're going to set 30% aside total for expenses and everything. So we're going to add an extra of $560. So we're going to call your income after you're properly setting aside for taxes and expenses, and expensive $5,720. Okay. And, of course, your current mortgage is $1,186. And $0.35.

Are they taking care of utilities? and everything and internet and all that good stuff on their house good what about your utilities and internet gas electric internet trash bubble blah um it's really cheap my gas is 40 dollars my electric the last three months has been 90 yeah um my trash is my trash water and sewer is all together and it's 70 uh-huh internet um internet is 40 cool room room drive drive gas so only five streets in the town so be much. No, I spend a lot on gas. Yeah, because you drive back and forth all the time. How much? Yeah. Um, I would say 500 a month on gas. Car insurance? $5.55 a month.

The fuck. Because the wreck? Because of, yeah, wrecks and speeding tickets. Yeah. Tickets. You didn't have, take the quizzes to get it off your record? Yeah. No. Wait. I don't even know what that. You can take quizzes to get speaking of your record. Well, it's probably dependent by state and maybe Ohio doesn't have it. But most places, yeah, they're like, Like your first ticket over the course of like a few years. Like your first ticket in a few years, you get it. But they're like, here, pay a little bit more. But take this quiz.

No, I've never been made aware of that. Okay. Well, maybe not. Groceries for you and the kid. The kid is off the nip because it's four. Yeah. Okay. So the kid has to eat.

We could do 500 a month. TP fund, anything else you need to survive, throwing you and your kid in this, $200. So anything he needs, anything you need. some months are going to be lower, some months are higher, we're deferring some for higher months, depending, phone bill. 110. That's a lot. It's a phone and a tablet.

Like an iPad. With service? It's not the worst. If you didn't have that, I would say do helium for $15 a month, but they don't do tablets as far as I know. Actually, they probably do. I mean, the tablet I use for work and then I let my son play on it sometimes. Sure, he's an iPad kid.

It's every kid today. No. Medical health care? Um, no. Nothing. No medications. Jim for all the trainers? Okay.

Pet insurance, do you have pets? I have a puppy. I just got a puppy. Okay. Get him pet insurance immediately. We'll do 40 bucks. How much for dog food on a monthly basis? Um, like $75 for a bag.

Okay. One bag a month? Yeah. Anything else that I am not, that I have not put in your budget that needs to be in your budget. Um, If you're not including, like, the leads that I pay for, then that... Yes, okay, business expenses. How much?

Just give me everything. Like, 300 a month. 300 a month. Literally, if one thing goes wrong, this is all... About $5,104.8. Unfortunately, there's really no room for fun if we're going to start paying off debt. Well, literally, if one income source, if they don't pay rent for a month, if they don't, you know... Because you only have an extra...

615, 9.92 on a monthly basis. One thing goes wrong with one of the sources. The good father becomes a bad father and decides to flee to Mexico and doesn't pay anything. Boom, gone. Or he dies or who knows. They stop paying rent or they move out. You have a hard time finding a tenant. You know, I want you to work on behaviorally paying this off, and I want you to keep that house for now.

Let's try to pay it off while you can keep the house. The rental, okay? What's the interest rate on that rental? 2.1. Love it. What about yours? My interest rate right now is a 7. Okay. Well, hopefully refinance that when the rates are lower. Could probably get it for about 6 today, but you don't want to refinance until you save about 2%. Okay, so $600, I'll certainly pay off that $561 in the first month, or capital one, first month,

quicksilver second month. That $600 is going to go really difficult. But, honestly. Okay, so we have $600. dollars. Literally, unless you do not get the commission, big commissions, it takes 17 months to pay off the Chase Freedom card. And remember, it's such a current interest in nine months. So I don't know, you were so confident about being able to pay it off quick? Yeah.

Mathematically impossible. If you're properly setting aside for expenses on the rental and your taxes. Yeah. That was kind of my plan is like I was just using that card. That's why all my expenses were. on there, but realistically, like, looking at it now full picture, like big circle, it doesn't make sense. But regardless, I want to pay that off before it just hits.

But you can't math-wise. It takes 17 months. I guess I was kind of banking on selling, like, a house and then using that whole paycheck. But don't you use, but that paycheck is calculated in our average income. Yeah. But I made, like, a goal for myself next year to set. like certain amount of houses and like hit that goal.

And the goal is fine and I hope you hit it. But I'm just going off of what we're making now plus the bartending job that you don't like and don't want to do starting a couple months. Like that's all included in this. And you're still not making it. And plus there is complications with selling your second house. You're saying you're renting it to them cheaper to help them. So you can't sell the house if you want to help them.

Right. So that's not an option either. So total, I mean 16 months. This has to take a minimum five years to pay off all this debt except for the houses. five years to pay off all the debt. It's not enough. I think you need to, can you work more days doing the bartending?

If I went somewhere else, probably, this wasn't like something I seeked out. They were just like, hey, we just need you for this day. Ask. If you make an extra $600, you double this process. You can pay off. It's going to be very close,

but you'd get close to paying off that other card before interest hits. Is it deferred interest, you know? I honestly don't. Well, we can look at it. We'll look at it in between now and the post show. I'll talk about all the degenerate post show. The post show is always fun. You have to go get that other job.

I hope your commissions go up. If your commissions go up, we can put it all towards the debt for the sake of you and your kid in your future. Wait, where is that kid's money? And his child support account. But what is that? Tell me what the account is. It's the state. It's just like a checking account.

You can take it out. Yeah, I can take it out. Take that out. This will go further for you's future, I promise. I promise. It's going to get back plus more. Take that out. Take $4,000 from your $8,000 in your checking account.

Then a couple months of work, then pay off the Chase Freedom. Actually, no, no, no. Take $4,000 from your account, $5,000 from the kid account, and a couple thousand from your $1,000 from your separate side emergency fund. pay off the Huntington card today. Huntington card today. Then Quicksilver in capital one pay off in two months. Now you have an extra $160 left on a monthly basis that is moving you up from $815 to or from $6.15 to like $8.60.

Wonderful. Or sorry, sorry, sorry. Like $750, $760. But with that, maybe an extra $2,000. from your emergency fund, bringing it down to only about 2,000, hopefully making a little bit more, bringing an extra 600 by working either another shift or by getting more commission.

You choose once the commission is supplementing it, you can take away from that. But with that, bringing that, Chase Freedom down to $8,000, by having an extra $1,200 on a monthly basis. Yeah, you pay that off in time. You pay it off just in time, just in time, barely. It's going to be close.

And from there, you start hitting that car because even if it's 8% that's bad. And that still is going to take, that's going to take about a year at that point. But I think you can do this in about two years from now. Two years from now, if you tap the money you have now, the kids fund and your emergency fund only leaving $2,000 in there for temporary basis, you hit it. And then from there, what I need you to do is whatever costs to live, you're building a fully front-on-euro-e emergency. fun for a year to supplement you because of your type of business. And then 20% to investing. And if you really want to contribute to the kid, we're doing 20% to investing for yourself

so that you have a chance to survival in the future. You need to catch up on retirement. 50% on needs, I think you can do that in less. But 20% to investing, 5% to your kids investing, whatever your needs are, less than 30%, and then the rest towards fun. And I think you can have a lot of fun. But that's what we needed to. do it to pay off the debt. I think that's the game plan. Okay. That makes sense.

All right. So we'll have you on the follow-up channel throughout, following up in this process, making sure you're sticking to it and answering any questions along the way. Guys, make sure to join our YouTube membership where you get access to the post show and join the Elite for the Best Value of Dollar, 10,000 hours of extra content, and a call-in show where you can literally call in and ask your money questions or drama questions or whatever you want to ask and talk about. Super fun and a bunch of extra shows as well. Let's get your Hammer Financial score. Hammer, Financial. score spending it in a budget you ever spent zero out of ten debt you don't have collections and

some of it's not the worst debt but it's high for your income situation so i'm going to give it a two out of ten let's give it a three out of ten emergency fund you do have a starting you need to use it some of it right now but you do have some of it we're going to call it about for your living situation a three out of ten emergency fund retirement is behind that's about a three out of ten as well real estate it's not bad interest is okay on your house Equity position is great on your second house, but you took a line of credit against it. Your house, what's your equity position in your current house? Honestly, I haven't looked it up, but I'm guessing.

I'm going to give you a 7 out of 10 real estate. Yeah. Hammer Financial score, 3.5 out of 10. Guys, join us in the post show. It's going to be fun. And don't forget, you can bundle all of our education, which is the best online to take control of your finances, all at 15% off. I will see y'all in the post show. Why always

sports trainers? I'm not always. Mm-hmm. Yeah, sure. Well, TikTok is my dating app. Why? How do you date on TikTok? What do you mean?

How do we go from training to dittle-dittle? I mean, you meet people. You can meet people in TikTok. Was it like you're getting trained? Then all of a sudden, whoops, I slipped. What? So it was...

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