Financial Audit - Entitled Gen-Z Girl Uses Payday Loans To Party | Financial Audit

Episode Date: November 25, 2024

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Bring a date, your team, or even your mom. Book direct at Choiceotails.com. See you on the roof. To watch episodes of Financial Audit a week earlier, check us out on YouTube. That is so dumb! Payday loans to buy drinks for other people. There's other things at the smoke shop. Why? Just why?

This is the kind of shit can bring into a relationship. I actually didn't tell him because I'm so embarrassed. Why, bull? We don't get to the good place you want to get it. If we're lying to each other. Just wanted to forget that any of the debt exists. You're not a 5-year-old. Your brain is not literal much.

Financial Audit Live in Austin, Texas on February 22nd. Go to Calebhammer.com slash live or check out the link in the description below. Hi, my name is Brooke. I'm 28. I live in Austin, Texas, and this is Financial Audit. Thanks for coming in. What do you do for a living here in Austin? I manage a grocery store.

The whole store? Well, yeah. Okay. I know it's a big one. So that actually must be a lot of work. Do you get good money for the big amount of work that this is? What do you get paid? I get paid, let's see, about $78,000 a year.

That is good. Yeah. People say, we're not saying which one. But people say you can actually make good careers there. Yeah, you can. Yeah. And like you're kind of demonstrating that you can. Yeah.

78,000. Yeah. How do you feel living in Austin? 78,000 is good for, if I'm not, you're pretty, you're 2,000 below the, I think, the Austin median household income and you're 28 years old, 78,000. Wow, that makes me. So how do you feel living in Austin? It's a little challenging.

I'd like to move up north because South Austin is a little far away from everything. Yeah, North Austin is a little more expensive. Like pay and survival and stuff. No, I think I do it well for myself. Interesting. Why are you taking out payday loans every second of your life in order to survive and fuck up everything? That's a great question. I think part of it is to have fun.

Part of it is I'm just kind of ignoring what's going on with my time. Why is payday loan equal have fun? You know, I don't have an answer to that. Let's see. Let's try to have some answers. Okay. Well, okay. Which payday loan specifically?

Because there's a couple different ones. Oh, we'll definitely get into that. Oh, okay. Yeah. I just don't understand because you make good money. I do. Austin is an expensive area. It's the most expensive area in Texas in terms of major city.

I don't know that. Really? Yeah, no, I didn't know that. Okay. I don't know. No, I mean, you can get specific neighborhoods that are ridiculous. But in terms of like the city, Austin is the most expensive in Texas, for sure. So it can.

be harder to live here. It really can. You don't make a bad income, especially for a single person. No, you actually make a good income, and I'm very happy to see it. You've made a great progress in a career before 30. Why would we be struggling? And you say you're not struggling, but you don't recognize it for taking out payday loans. Yes, I think I am definitely struggling.

You said you were doing like, okay. I forgot the exact phrase you used. Okay, okay. Do people who are okay, take out payday loans? So I do pretty well for myself, but I started way early on. So I've moved a lot in my life. I lived in New York City. I moved to Virginia, Florida, Kentucky, and now Texas. And so I think in that time, I've just been kind of scraping by. And how long have you been here? Four years. Okay. I've been here six years. It feels like a lifetime. I'm okay. The rest of that. Cool. But I'm a little confused how all that relates to you doing this right now. If you've been here for four years, not four months, four years. Yeah. So what are you trying to say? I think I've just had a pattern of not really not really paying things and taking out debts to afford other things. And so why?

And it ended up here. Again, you do not make bad money. No. Where does your money go to you in your brain? What do you think it goes to the point where you have to be borrowing this money? First of all, there's not even a credit card for me to look at. Yeah. You could be putting, I'm not even saying put it on credit cards when you can't afford something.

Go put it on credit cards. But if you do it, it's like a 30% interest rate instead of payday loans. Oh, yeah. I didn't even think about that. Honestly, I figured it's just quicker. It's quicker money and I'm borrowing for myself. So it felt better if that makes sense. It's all barren from yourself.

Yeah. And then credit cards, I've been denied for a lot of credit cards. Good. Yeah, probably for the best. Yeah, I wouldn't want you to use a credit card. No, I think, yeah. And when I have, obviously, I've had one closed before. So I can't pay it on time.

They closed you closed. They closed it. Okay. Yeah. Because you f***ed it up so bad. Yeah. Well, I just forgot to pay it. And so then they closed it.

And then I need to pay it. You have to forget to close it. it for quite a while. For a few months, yeah. And they reach out. Well, I never reach out. And you also have mail and apps, emails and phone calls and things that operate in civilization. But it's easier if you just put it over there, you know.

Put it over where? Where you don't think about it in the space where it doesn't exist. And I think that's kind of. Assuming it has credit, which is why when you go apply for these credits, you're not getting approved. Right. So, but the other pay. day loans do approve you because it's such a high interest. So I've just been borrowing from myself in that manner because sometimes I can't make a payment at a certain time and I don't want the payment

to be late because I don't want it to affect my credit. But the payday loans get paid off. That makes sense. It doesn't mean? Yeah, yeah, yeah. Okay. Okay. What I'm still confused about and which is it's the one thing I always like to know before going deep into the finances is what is going on in your life. What you say so far is that I've had a pattern. Okay, but what is going on in your life? What is this reflecting? What is your life? What are you? I think what am I like a demigorgian or like a beast or something? No, I don't I don't really know if I really stopped and thought about it. I don't think I ever had financial advice or help. And I've been. None of us. have. I mean, I'm going to interrupt you because everyone says none of us have, but you have

had access to libraries and Google and Internet and YouTube. I've been embarrassed to ask for help. And when I do, it's not necessarily like, it doesn't prevent Googling. That's true. But, you know, I have to judge you. They'll stock you. They won't judge you. I have sat down and tried to make a budget, but I don't follow it if that makes sense. So I think, probably partially disciplined, financial discipline is one thing. But also, I don't want to like go of certain opportunities, like being able to go out and have fun, have a good time. Why is that not in the budget then? Again, you don't not make any money.

So why don't you put those experiences and things that you value into the budget? Why don't it be in the budget? Then you stick to the budget and then you do those things, but you do them in a way that you don't have to borrow payday loans. I think. Why make a budget if you're not going to follow the budget? Well, that's true. And that's why I haven't made a budget in a while because I haven't followed them.

Like two or three years ago when I was moving. So I didn't. really follow it. So what? We just hope at the end of the month we have enough money. Yeah. That's, that's, that's, that's, you hit the nail on the head. That's pretty much it. And it's not been working well. I think I'm at a point now where I'm drowning a little bit. And I can still survive. Like, I can still feed myself and go to work. You're drowning, though? Yes. I mean, you acknowledge it, but do you know to the extent that you are? No. You don't budget. You don't look at your stuff, do you? To the extent, definitely not. I do know I'm drowning. I just don't think I am aware of how bad it is.

if that makes sense. Like I see what goes in and comes out. And I think I have an idea of that. Probably $48 to $5,000. Payroll 48. Yeah. Cool. One went out.

Yeah. What was spending? Probably more like... I know what goes out. Probably more like $6,000 if I had to get. Okay. So you actually do know it. $6,100.

So if you know, then why would you allow that? Because that's even more upsetting than not knowing. Well, because now you know, but you still do it? Yeah. So like, what are we doing? That's just. yourself. It is. No, you're right. But I think the main thing is that I've just spent money to be able to have experiences. What experiences matter more than you experiencing being able to retire and not

die under a bridge? There's any, there's any number of things. Well, let's try some examples. For my birthday, I went to Mexico and I bought like a cheap plane ticket for $300. And I expected that it was going to be more expensive. I spent like $1,000 while I was there. And in May, I went to Detroit to go hang out with friends. What'd you do this last month, the month where you spent $1,200 month than you brought in? I think I went out a lot with friends and bought drinks. So the experience is going out, getting drink. Why don't you get a little like pregame and then hit the town?

That's fair. I drive myself everywhere. Uber. Cheaper than going out and buying a lot of drinks. That's fair. Or if your friends are going out, get them to drive you. I live in South Austin. I live so far from everybody.

Well, and it's like a hassle to come down there. It's like 30 minutes for anybody to come pick me up. So, you know. And I haven't, I think that's part of it too. I don't have like a solid. I have friends, but I don't know that they would be out if you don't have a solid. I do, I do. But I don't know that they would pick me up if I ask.

I should ask. They don't sound like good friends. No, they are good friends. No, they wouldn't pick you up if you asked. They probably would. They probably would. But can you can't ask every time. And if I'm going out like every weekend.

I'm going to, we carpool constantly. Every weekend? Well, we don't go and hit the bars. But whenever we go do things, we carpool constantly. Okay. That's fair. I think I have to drive to them and then. we go to North Austin.

We're Uber to them because, again, I don't like me in other people's cars, though. I don't. I just don't. Hey. People drive crazy. That's sorry. Just one second, dude. We're literally just trying to.

Okay. We're literally trying. We are trying. I'm sorry. Oh my. Sorry. I'm sorry. I'm listening.

We are trying to get you from point A where you just got drunk to point B without dying. Yes. So I don't. I don't care if it's in someone else's car. Fair. Okay. That's better than you drunk driving. Okay, fine.

You always care to drive. So how are you doing this now? I don't drunk drive. No, I'm not saying you do. I'm saying let's prevent it. Well, yeah. So, okay, you go out. You spend a lot of money on drinks and you only, you refuse to not drive.

So how are you getting there and getting back? Well, I don't drink just for, like, I buy drinks for people and stuff. I think that's why? Because I want everybody. You're spending $1,300 more than you make a $1,300 more than you make a month, how can you afford to buy drinks for other people? Are you buying payday loans? I've done it.

Huh? I've done it. Yeah, via payday loans. Yes. That's correct. So payday loans to buy drinks for other people. Not just that. Uh-huh, but that's how it's kind of mathematically working out.

Is it not? You knew how much came in. You know how much a leaves. And I asked you the experiences this month. You guessed, right? And you said going out with the friends. Yeah. Mostly that.

So you're going out. You borrowed. $1,300 probably, we'll see, to go out with friends. At least in this last month. Net. Yes, this last month, that's what we're looking at. Yeah. I don't know.

I don't know what happened six months ago. What? No, just trips and stuff, I think, have also said, you guys. Like savings you put aside and then you spend it. What savings? You don't have savings. I have your savings account. In fact, how about we start with the savings account?

That's fun. Usually we save that at the end. Let's talk about savings. Yeah, we're putting money in savings, aren't we? Because we're a big girl. We have a market savings account. What do we have? Oh, 93 cents.

Sorry, that's the total earnings this year. Any balance, 57 cents. Yeah. Savings, guys, that's what it is. Yeah. It's what's, you know, that's what we're doing. That's where money's going. Well, at a certain point, there was money in there and I haven't. And where to go. I think that's how I know. And where to go. To trips. Trip. Trips to. Those are emergencies. You know, not having an emergency fund is an emergency. Yes. And that's how I feel right now, which is why I'm in a place where I feel like I need to. It's interesting that we feel certain ways, yet we do know actions. to solve the feelings we have. Okay. That's a fair assessment.

Yes. Yeah, I don't have anything to say to that. Uh-huh. Okay. Yeah. So going out to eat is more important than having an emergency fun. Well, not going out to eat, sorry. Going out and beving it up with the girls.

Well, going out to eat as well, I guess you can put that in there too. Sure. And then groceries. I could probably spend less on groceries. But I like to, I like good food. Yeah, I had you a 529 grocery. You could cut back if you wanted to. How much you think you spent just going out to eat specifically?

Probably like $600? She knows her numbers, dude. It is $609. I'm on it. But that's worse. Yes. That's worse. Because you know it and you do it.

Yeah, you don't have an emergency fund, meaning if anything happens, you have a car, you drunk drive, you hit something. Guess what? You total that car. You're not going to replace that car. You don't have an emergency fund. Something pops up. Something medical.

Family. A trip, a trip because someone passes away. You never know what happens. An emergency is an emergency. It's an emergency. And you don't have a fund. And you know how much you spend on going after you. You know how much more you spend than brings in.

But we say no. Our behaviors say that that is more important than any financial security. Yeah. Actually, did have an emergency recently. And I had to take out a pay-in-law for it. I got a ticket, speeding ticket. And it was like... After the bar?

No, it wasn't after the bars. It was the way to work, actually. But yes, I got a speeding ticket, and I had to take out a loan to pay it off. How much was the speeding tickets? It was like $600 and something. Oh, wow. Those are expensive. Yeah.

Speed, dumb. That I stopped speeding down. Someone who definitely doesn't speed. Well, it's Texas. I mean, everybody speeds in Texas. It's Farrell out here. I'm inviting comedians on the show, guys. Did you not take the little thing where you can go take a test and stuff?

Well, I, no. Oh, because this is probably the second ticket recently. No, it wasn't. But I just, no contest. Well, because I have to get my license and because I lost it. You lost your license? Do you have an active license? I do, yeah.

Then what's the issue? Well, I didn't have registration at the time. Why? Because I need to get insurance on my car. You don't have insurance. Yes, but I'm working on that. You can get it in a 30 minutes. How long have you been working on it?

How long have you been working on it? A while. A while. It's really expensive for insurance. It's really expensive. You spend $600 a month going out to eat for you. Yeah. I could probably, yeah, put that to that.

What happens if you get in a car crash now? Because now you're not insured at all. And now you don't have an emergency fund. I drive a lot safer now that I got a ticket. I mean, I'm just saying. I only drive to the bars. I refuse to get an Uber. I got a speeding ticket for going quick and it's a $600 one.

Yeah. So I'm a notoriously safe. driver guys that's what's coming from your mouth okay i want to give you free money right now i've partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them check out my investing app of choice mu mu where they give you up to 15 free stocks and 8.1% interest on your uninvested cash when you sign up with my link do you want a more traditional savings account check out where i keep my emergency fund so far where they'll give you 4.5% on your money in up to $300. Would you rather have automated investing? Sign up for Acorns with my link and you'll get

$20 right now instead of the usual $5 you'd get from your friend's referral. You can also sign it for our investing program and get $100 in cash deposit and into your Moomoo account. This is the best way to learn what your investing profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below, so don't pass up the free money because I'll punch you. We spent $600 going out to Epo, we're not getting car insurance, a basic legal requirement? Yes, which I will go do right after this. No, you, why didn't you do it before?

How long have you been trying? Well, you know, if it's going to... Oh, come on. Like, a few years. I think... What is that? So I registered my car when I moved to Texas and then I... I can't remember why.

I didn't necessarily get it done, but then I just... What? Insurance? Look, I haven't... It's a phone call. It's a Google. Are people incapable of using the internet on this show? No, I've just never... been in an accident. I've never gotten a ticket. It's legal. It's legal. Yes. Yes. Legal issues. That's true. You're breaking the law. And I don't want to do that. Yeah. When did you get the ticket?

A couple weeks ago. All right. Why didn't you get it in the last two weeks then? I've been working a lot. What's your work? I work five days a week typically, 10 hour days and then I put you that two days off. It sounds like you had at least four days off. Yeah. To Google something. Yes. To make a singular phone call. I did Google and progressive.

Progressive and Allstate quoted me like $350 a month, which I know that. Cheaper than some people have on this show and also saves you more money next thing you get a ticket and have to do legal things. That doesn't feel very cheap, though. I wouldn't say it's cheap, but it's cheaper than some people on the show for someone with a ticket. Yeah. On the record. Yeah. For speeding.

How much over were you? It was at 35 and I was doing 61. But I had a good reason. I had a good. It's a really good reason. Do you want to hear it? Okay. So their power went out at work and I was rushing there because they needed my help.

So I think that's part of the reason I got out of the ticket. Yeah, because you could have turned the power on. Well, no, but I'm responsible for facilities and maintenance and operations. I got you. I got you. I got you. Cool. Well, that explains the expensive ticket and that explains why your insurance is so high.

Are you surprised? No. Get it. It's been two weeks. You work 10 hours a day, meaning you still have time. I'm left in that day. Okay. 14 hours.

Well, 18 hours. Well, eight of those are sleeping. Hold on. 18 hours. Most of the time. Well, 18 hours, really? No, I'm stupid. What's happening?

What am I doing? Yeah, pull out the calculator. What about 14 hours? Am I in the right show? Apparently not right now. It's been an interesting day. I'm scared. Okay.

That math just terrified me. All right. So six hours a day. free time essentially. Time is five, which I'm not even going to attempt right now, knowing where my brain is, apparently. And then two days off. Yeah.

And then it's been compounded over two weeks. Well, the two days off, yes, I've had plans. So, yes. Yeah, maybe your plan should include not breaking the, what are you a child? You're 28 years old. You manage a whole store, meaning you have a lot of employees that you're dealing with. Why are you acting like a five-year-old? I've just been ignoring all of it, honestly, because it's been working.

How could you be respected as a boss? That's fair. That's, no, that's completely fair. I mean, I managed, I'm type A at work. It's just like in my personal life. It's like, it's kind of a mess financially. And so. But personal life always affects work.

It does. And I think it's getting to, well, I mean, not really, not really for me. I don't think so. Doubt. Doubt. I bet we could get in there and figure some things out in your work. I bet if we had a camiswrap to you all day could absolutely, there's going to be a stress that blows over. There's going to be something that's forgotten because there's ticket things in your brain.

Oh, that's fair. Yes. Yeah. I just forget some stuff. Yeah. because of the stress level outside of work. But what's the fact of? What do you think is happening?

Of course. Okay, stop. I want to know where you think your score is, and then we're going to dive into this money. Zero being the absolute worst, 10 being the absolute best. Where do you think your finances are today? I want to know your self-assessment.

Where do you think you are? We've gotten a good like 20 minutes of just assessing you, your personality, your thoughts on money. So far, payday loans are making more sense. Where do you think you are finances? I would probably say nine being the worst. No, no, no, zero is the worst.

So you're saying one? Yeah, one. Come on. Yeah, sorry. Well, let's listen. I, obviously. If you watch your hammer financial score. It's free, link in the description below.

And if you want to come on the show, go to Calebhammer.com slash apply. I'll give you a little scream, a little punch, a little slap, slap of debt. All right. So this first thing. It's probably the worst thing. What am I looking at? at here. We have a $5,269 balance on what? A car. Oh, okay. What's your car?

Ford Focus, Black Ford Focus. Year? 2016. Oh, guys, it's a black one. Well, you know, but. Thank goodness. 2016. 2016, okay. What do you think it's worth? I think the last time I did, what is it, Blue Kelly. It was like a 3,500, which I don't think is accurate. It's probably less than that. 4,500 is what we got. So you're probably underwater by about 1,000.

Private sale, I bet if you traded in it would be like 500 less or so. Okay. So you're underwater. If we get rid of, what interest rate is this at? Really high. Definitely closer to the 20%. I think 18 something. 18%.

Yes. I got it when my credit was like way worse. How did your credit even get better? You're taking a paydowns. What are you talking about? I haven't improved my credit somehow. I don't know how in the past four years. What's your credit score?

What are we considered improved? I think it's like $6.50. Really? What was it? It was like a $570. Why haven't you refined? So I didn't know that you could refinance and then when I did it was like past the time because somebody said it was like three years. That's the time. No, no, you can refinance one after.

At any time? Yeah. Oh. Well, I mean, okay. That changes things a little bit. I don't even, would you go through like a- What you listen to? Who'd you talk to?

You go through your bank. Okay. I didn't know that was it. I didn't know that I could do that. I thought there was a certain amount of time with the age of the car and the age of the loan and then you can do it. Well, your equity position is bad in the car, to be clear. Yes. I'm under.

thousand dollars right which is better than i thought actually when did you get this um 2019 i think okay so how long is this term because this is going on forever we're five years in and you still owe this much money yeah and i still well 306 dollar minimumth payment oh sorry 30586 so i mean i got the car kind of in a rush um simply because i paid off i loved my honda it was a white Honda. Her name was Jane Fonda. A white Honda this time. Yeah. It's important. Her name was Jane Honda and I loved her to death and back and I bought it off a friend. Essentially what happened was I got a flat tire. It was parked in my apartment complex for like a week or two. Yeah. I didn't live in Texas at the time. But it had a flat tire and I didn't fix it for about a

week or two. When I finally did go to fix it, my catalytic converter got stolen off of it. Oh, fuck. It didn't work. And I had like just paid it off. And it was like a little hoopty. Yeah. It was a little hoopty. So, you know, it is what it is. I got AAA to pick it up. Yeah. Long story short, I had to buy a car because I had to get to work and I didn't want to buy a car. How expensive was this car when you got it? Because this was five years ago. Yeah. I think the loan was like $13,000. If I remember correctly. It's not like the world's, I mean, the interest rates. Yeah. It was a price is the world. Well, we don't know. I don't know what the value of it was. I mean, you're only only, well, the thing is, I mean, you're still underwater by about.

25% since you're a lower loan and the value is a lower number like it feels a little better because it's only 1,000 under and we could find ways for you to get a thousand you know easier than 10,000 but it's still a substantial inequity equity percentage off yeah okay sorry 306 dollar 55 cent minimum monthly payment how long oh through 2026 so we have two more years yes two more years hopefully less well okay how are you going to do that if we're taking out payday loans to go out what the Hopefully less. You know, hope doesn't get us there. I do get bonuses.

That's what everyone does on the show. No, I get bonuses. You've been getting bonuses. That's true, but I've had little emergencies come up, at least in the past year. Which means you will always have little emergencies come up. Welcome to life. That's why we have emergency funds so your bonus can go paying off debt. What do you think?

Why do you think life is always going to be different? Hope is not a solution. There's nothing wrong with having hope. I would rather you have hoped than just down, down, down, gloom, gloom, gloom. But hope doesn't get us there. A plan gets us there. Actions. get us there.

Well, it's got me this far. So what? Pay day loans that we're about to go through 18% card debt of stupid. Yeah, that got us here. Great. Wonderful. We're 28 with no savings. Sorry,

50 cents. There's something in there. So, I mean, it's not funny. That's not funny. That is scary. You don't understand.

You don't understand how much that can fuck your life today. If something goes wrong and the wrong. You don't understand just how bad that can get. This can. get you into some of the worst debt you have ever had if something happens that you cannot get out of and you don't have insurance on this car you need to drive you need to drive with where you are in order to get to where you need to be this car something happens you're going to crash maybe it's not your fault it doesn't even matter you just it can just break down someone stills a

converter who knows who knows that happens what do you do tomorrow how can you you're not qualifying for credit cards so if that income is probably shit so who is approving you for a loan to get a car and you can't get a 50 cent car fun fact so what are you going to do you don't you can giggle it off maybe it's a cope one this is euphoria Calvin Klein the new elixir collection featuring three perfume intense scents inspired by a unique orchid accord paired with vanilla each with its own distinct attitude each with its own universe bold elixir sensual woody addictive magnetic elixir sweet and romantic like a lingering touch solar elixir or radiant of joy. Ultra concentrated for amplified impact and lasting power. Find your euphoria. Discover the

Euphoria elixir collection by Calvin Klein. I will hope it is like many people on the show have, but 50 cents in savings is not a laughing matter. Your life is at such risk right now. You do not understand. How scary this is. You do not understand. No, I get it. And recently I just started talking to someone who has perfect credit score, so I'd really like to not mess up his credit as well. Wait, married? Not married, no, but I just started talking to somebody. How would you mess up their score? Well, if we do get married in the future.

Oh, talking by dating by the diddle, diddle. It was like a wake-up call to say, like, if I get in a partnership with someone and I had a perfect credit. Well, how many of you guys been dating? Well, you guys don't like combine scores. What do you? Is that not how that works? I genuinely thought you share credit scores.

If you get a loan together, you're married. You can get on loans together. But you don't have to? You don't absolutely have to. There's a lot of advantages with marriages. It's still important to me. I mean, I still want to get my... This is huge for financial audit.

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Four times a year. Okay, so what do you plan to do with your next quarterly bonuses? Is it going to go towards that? Or is it going to go towards a trip like your first bonus this year to Mexico? No, no trips next year. Are you sure? I would love to go to the Bahamas. Oh, good.

Yeah, oh, sure. I don't know that that's a possibility, obviously, where I'm standing right now. Everything's a possibility. This is more that. You've done it before. I have done it before. What are your bonus amounts? Is that incorporated into your 78 or is it on top of that?

It's on top of that. You make so much money. This is great. You do so well, yet you're. It's fucking it on. Yeah. How long have you had this job? About two years.

What are the bonuses? I get about $1,200 and then in December I get a little bit more. That's great. How are you throwing this away? Okay. And how long have you been dating this? Six months. Okay.

It sounds like you're thinking more future. Yeah, we both are. But this person, good. Love it. Don't bring this kind of, this is the kind of shit to bring into a relationship. Well, I don't want to, like my financial situation. Yes, because once you guys are a partnership, unless you guys are completely separate,

which is weird, and we've had people that do that. But he's going to feel some obligation to take on this. I actually didn't tell him I was going to do this because I'm so embarrassed about, I mean, he showed me his credit score. This is damn near perfect.

And like I want to say, like, can you help me understand my finances? But I don't want him to feel as though he's getting a partnership with somebody. I should, yeah. What is hiding net going to do? That's not going to do anything. That's going to be worse.

In a year, I could probably get it together. Yeah, but you guys have been dating for six months. What is hiding this doing? That's not benefiting anything. That's worse, probably. That's fair. I mean, he does pay for a lot of stuff. And so that's helpful.

Like, he'll pay for, like, going out to eat. And yet, you're still taking out payday loans. Oh, my, my, goodness. He's paying for things yet. We're spending $1,300 more than we make, even though we make really good income. Like twice a month. Okay. This car.

We'll think about this car. Okay. We'll see by the end. All right. So I must, like this, this is your credit. You didn't print off statements. I must have your credit. Okay, so what do we have?

Oh my, what is possibly happening? This has a balance of $441. Why are we four months past due? It's so stupid. That is so dumb. You can so pay this off immediately. What is this? What is this?

So is the card that closed with my bank. I just forgot to pay it for a couple months. Dude, it's not even forgetting. This is so insignificant compared to your income. You could kill this. How much is your rent? $16 to $1,700 a month. Oh, that's actually quite expensive.

What did you do that? Well, because I wanted to live by myself. Well, I had to live by myself quite friendly. I have people that live by themselves for cheaper. Well, that's, you wanted to live in a place you wanted to live. Well, sort of. I wanted to have a second bedroom to be able to, like, host people and have like an office area.

And, like, an office area and that. But it is a good price for a two bedroom. Our grocery store job notoriously worked out of a home. I could pay that off. You're right. But I figured it's such a small amount that is not. What are you? This is killing your credit.

Isn't that bad? I figured that. What are you talking about? What are you talking about? You're using 147% of your accounts limit. If you're doing that, that's your credit utilization, then you're reporting mispayments. Not only that, but you had miss payments in February and March as well.

Then you started making it out for the next two months. And then you just, for four months, you're like, it doesn't matter. doesn't matter. You want to go into this relationship. You guys might go on a loan together to get a house together. But not with your kind of credit, they're going to see this history. They're going to be like, fuck you, as they should, because you're not responsible with that. You're not responsible.

You're not a credit card person. No, I'm not. No. And, you know, I don't really feel the need to have credit cards because I've had the payday loans. This is just all going. What a statement. So what a statement? But the cost of a payday loan, if you pay it back right away, it's like 20.

I mean. You haven't started to pay on the current one taken out. Which one? I don't know. The current one taking out. Oh, we're getting to it. Yeah.

Okay. Yeah. We'll get to it. You haven't started yet. So, well, it pays off what the fuck you're talking about. It pays off on your paycheck.

Like the day you get paid, they pull out the money. You have just been in this like cycle. Auto full. Yeah. It just pays it off that day. And so it's been like this vicious cycle where. Every paycheck.

I kind of had to. And I think that's where I'm drowning. But if you just cut back $600 one time. Going out to eat in a month, you would have fixed it. I did. And then I got the parking ticket or the speeding ticket. And it was just like, okay, so that happens to it the next month then. That's what I'm going to do. But it just feels like every time I reach.

What you're doing? Well, it's not what I'm doing. But every time I have your spending statement. And oh, they are pages long. So I don't know what the fuck you're talking about. You're bullshit now is what you're doing. And I don't accept bullshit this table. Okay.

That's fair. Uh-huh. So why trying to lie to me? Don't do that. That doesn't get us anywhere. Well, it's a lie. Oh, come on. But you said I'm going to try that next time.

No, you're not. I have your damn statement. And fuck you. It wasn't the parking ticket. This is your last damn month. You spent $600. So why bull- We don't get to the good place you want to get.

And I want to see you get. If we're lying to each other. So don't bull-f-me. For fuck sake. You're four times. You're going to pay this awful less than you went out to eat. But you're like, no, I would rather destroy my credit. What is the point?

This is money you sign a contract. contract to borrow. You don't feel obligated to pay it back in any way whatsoever. I guess that's where, yeah, I guess that's what, what that means by my actions. I just haven't thought. What do you think in your brain? I thought that it wasn't affecting my credit that much. Missy payment and overutilization? Do you look? This is, do you look? Okay, this is just another one of this things. I feel like I'm on this trend right now of just the, you have access to so much information. You don't think this is impacting your credit. If you are in the world of credit, why have you not looked at what impacts my credit?

Also, this would tell you that it impacts your credit. What account? What app are you using? What is this pulled from? Credit karma. It tells you. It tells you what's impacting your credit. And it tells you usually next to what items or what category in your credit score are they being impacted.

So it literally is a cheat sheet right in front of you. It tells you if it's a high impact, I impact, medium, or low. You're just, at that point, I'm sorry. That's just stupidity. That's not laziness. That's just dumb because you're not looking at the damn app that you pulled this from. So when it closes, it hurts more? Well, this is probably going to get sold to collections relatively soon.

If you don't pay it off, I'd pay it off before it goes to collections. You might get like a 30 point hit in your credit score if it gets sold off to collections. Oh, okay. This is their in their internal collections as far as I can tell now. It's going to go to collections before you know it. They're going to feel like, oh, I'm not getting my $441. Let me sell it for pennies on the dollar and then they're going to try to fight to get it. They've been calling me, yes.

Yeah. But pay it now. Okay. No! How much is in your checking account right now? Like $78? How? You make too much money for that.

How? Possibly. Oh, wait. I know because I've seen your checking account. For a fuck sake. Okay. This probably still has a minimum monthly payment. What is it?

I don't know that it does. It used to have like a payment. Well, right now it's a two. 51. That's what's owed two to two to 15 because it's back multiple payments. It's probably something like 49 bucks. Okay. So I'm gonna put that in. If you at least are making it on they won't sell it to collections just make a damn payment. Okay. Very. Okay. Okay. See, I have a capital one with eighty one dollars. It says it's active. Yes. Actually, I do. I'd have that credit card. Yeah. But I just recently got it not too long

ago. Show me it. Pull up the app. You didn't send a damn statement. We ask for statements of every account. Come on guys. If you're a manager, you give out instructions, how can you not follow instructions? I just recent. I don't even think about it. Come on. I don't even use it that often. Well, it has a reported balance.

Yeah, it does. Sure does. You're not a credit card person. If you're going to use a credit card, use it like a fizz card. It's a debit card. It builds credit. Use one of those. Okay.

This, okay. What do you want to see the transactions? No, why don't you just give me access to the app? Little app tase. Huh? What are we got? What are we looking at? Take a drink for this. We got some gas.

Oh, we got Schlazky's just a couple days ago. Day before that, Panned Express. Guys, poor Mr. Jacob over there. He went through all your spending. Fun fact, Jake, it's probably twice as worse. No, it's not an open that long. You're spending every day, though. And then we got our nails did.

There's your interest. Amazon. This is constant. Pizza and rules. Dreamer Hotel Vegas. Holy smokes. It's just a single person on the show that does not have a nicotine of addiction. I'm going to die.

What is your preference for your consumption of the Nick? I just vape, but it's only when I'm drinking. Like, it's probably after a night I'm drinking. Stop! Yeah. I'm starting a lot of money at the place you work at. I know.

And you know what? Those are not grocery shopping type prices. Those are like we're stopping and we're getting a little snack or a sweet treat. Day. Not sweet treats. Oh, you're kidding me. What kind of snack are you getting? What are you doing?

This is like multiple times. This is endlessly. Grocery, grocery, grocery, grocery. But they're not groceries. I'm there all day. All day. You don't think people that go to their jobs or at their jobs all day. I've been here all day so far.

What do you think I did? What do you think I did? I had a protein bar. A little protein bar that we pre-ordered instead of me going and buying lunch. That's fair. There's also a culture or two at the store where everybody wants to like go out to lunch. And I need to just say no. Because everybody's been like, oh, let's go here, let's go here.

And if you don't do that, there's a little bit of like, I'll just, I can't say the word. Hey, you, look at me. My job is to sit right here and be the absolute stunning figure that I am. And some things I can't help, like my incredible ass, which is why you're all here, of course. But also, some things are in my control. For example, the pearly whites.

I yap a lot. Some would say too much. And I get that, but listen, if I'm going to yap, My teeth may as well look pretty damn good, but the thing is, I drink a lot of coffee to get through the audits. And I started noticing some staining on my teeth. So I've partnered with today's sponsor, ORAGlowe, and they've brought back my confidence for continued YAP sessions. The reason I prefer them over competitors is because they actually whiten, but they do it sensitivity-free. And that's always been why I can't use these types of products for long due to my sensitive teeth.

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I love it. I can afford it. You also owe $264 on here. Available credit to spend, ladies and gentlemen, $35, $15. It's maxed out. Kidding me? Great. And you couldn't even send a statement.

So you probably didn't even know how much is on here. $264. And 10 cents. What's the minimum of the payment? Oh, guys. So like 30 bucks. I don't pay this month. Auto pay is set to off.

Well, I pay it. You forget. Yeah. But guess what happened to the last card? Guess what happened to the damn last card? That's fair. That's fair. That's fair.

That's fair. That's fair. We have four miss. Payments, then we made, or we had two and then we made two. And then we missed four. And then the account became closed. What makes you think you can use this card? You can't, you don't know how to use credit cards.

You're not a credit card person. Why would you do this to yourself? Why would you do this to yourself? I, at least have the auto pay on. I would love if you've paid more, of course. But just have the auto pay on. Do you need a credit card for your credit? Huh? Huh?

You need credit cards for your credit. You don't need a credit card for your credit. It is beneficial if you use. it correctly. But guess what? You have a closed account with utilization at a million trillion percent because it's over the balance on the last credit card and this one's completely maxed out. So I don't know what benefit you think this is having your credit is going against you. You're not utilizing it. It's utilizing you for money. Okay. I paid on time. So far. We saw what happened with the last one. Okay. We saw what happened with the last one.

Okay. 25 is the minimum. I usually pay it off in full though whenever I get paid. I had interest accruing as I looked through the transaction, so that's incorrect. So you don't even know that. So you're incorrect about that. So set it up on auto pay because you don't know. You can set it to pay off the full balance probably most cards allow you to. So you could just damn do that if you're going to pay it off in full average. You're great at protecting your data, but lots of places could still expose you to identity theft.

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Oh! Also, you spent almost like 100 bucks plus like that, 20 bucks at the smoke shop. So it can't just be for drinking unless when you drink instead of sucking down vape. No. No, I mean, there's other things at the smoke shop, like little trinkets and sweet treats that I'll buy.

It's a very nice. Little sweet treats at the smoke shop? They have like drinks and stuff and cookies and cookies and cookies? No, no, gosh. Then why are you getting it from there? Go to the grocery store. Bulk. You work at one.

Yeah. You work at one. Bulk, bulk, bulk. Bulk. Ed Financial. June. Student loans. Oh, yeah. You went to school. Yeah, I did.

What was your degree? I just have my associates. I have, I never got my bachelor's, but I have enough credits for two bachelors. I mean, look at you. I mean, you have a great job. Your finances are from your own choices, but you have a great job. So there's nothing wrong with that. I don't give a what piece of paper you have.

I care about what you accomplish in life after that. For so many people that their life is so sad that the ultimate like accomplishment in their life is what they did between 18 and 22. No, you're actually going and accomplishing more than many people do afterwards. So you're the real winner. Right? Their lives are sad. They're in 60. I mean, if you look at my financials though, my life is looking at.

Well, this is sad. But in terms of what you're actually doing. No, no, no. What you're doing and accomplishing is great. People are like in their 50s and like all they look at is their degree and that's their pride and joy of their life instead of the decades of accomplishment that you could do by going out there and getting done. You're going to get it done.

You're being stupid with it, but you're doing great in your career. Here. Okay. That's always been true. Good. Let's utilize it correctly. $4,800 is owed, probably all low interest. What's the minimum monthly payment on those student loans? I don't know. Are you paying towards them?

They were $3,000 before. For $1,000. Why? If you aren't like some income-based thing, I'm going to be kind of upset because you make a good income. Income-based thing. I don't even know what that is. Then why wouldn't you be paying on them? What's the phrase I'm looking for?

Like, a choice? A moral choice? I just thought when nobody else was paying them off, I thought that's what we're all doing. And then, you know, now I have more, like, I was $9,000. You are a toddler. You are a toddler in an adult body managing people somehow. What kind of, they're going to garnish your wages. They're going to get their money through a worse way.

They're going to take it before you see it. Okay. I didn't know. What are you? Why do you think that you are entitled to that? Not entitled. I just didn't want to, I just figured nobody else is paying it. They would.

What do you mean nobody else is paying? We're all paying. Oh. So what the fuck talking about? During COVID, there was a pause. Girl, we've been paying for over a year now. I kind of stopped after that, honestly. That's not a choice.

Yeah. I mean, it is, though, garnish your wages. It has been a choice for a little bit. And interest is accruing on a balance that isn't getting smaller. That's right. Meaning you're going to owe more. Oh, why would you do this? Wouldn't want to do that.

Oh, that's such a child move. I don't get it. Oh, I don't dislike you as a person, but that is such a childless move. That is like so beyond immature. Like, I don't even know. Like, I'll make jokes all day. I love a good little immature, like, stupid little boy comments. I love that.

But this is what an actual immature individual does, your actions, your, what you're doing in the real world. This is crazy. Everyone else is not paying out of this time. I'm not going to pay. The rest of us have been paying. What the fuck are you talking about? How do you not even know? It hasn't been a problem up until now.

What do you mean? Well, you know, when it's laying out in front of you, it looks like a problem. But that's what I started off saying is just kind of putting it off to the side and, you know. Oh, you are so irresponsible. I just think focusing on paying off the car. Like, that's basically what I've been focused on. You're paying minimum towards your car. Yeah.

That's your focus is just making a minimum monthly. You make, you can pay off, if we focus your income for a few months because of your income, we can pay off your car in damn six months probably. So I don't know what the fuck. You don't know you, you are bullshit. You're bullshit yourself. I don't even think you know you're bullshit. You are so far gone down this mentality. Oh my.

Oh my. This is, I didn't think this. I didn't think this would be your conversation. I really didn't. But then again, you have to have a certain personality, certain mindset. They take out payday loans. You have to. So this actually does make sense.

I didn't think this was going to be this conversation. I thought it started relatively pleasant. Again, it doesn't mean I hate you. No, I mean, I've just been ignoring. I've just been ignoring it. I think that's the big thing and going on to live my life. And now I've reached a point where I have 57 cents or 97 cents in my savings and I don't. 97 cents would be exciting.

I think it's 40 something. Okay. Okay. Okay. There's your car. Yep. And then flex is $0. That's something you use often.

Rent. Rent. Rent is rent. This isn't rent. This is something you use for rent. Yes. Exactly. Do you ever use it?

I use it every month. Oh my. What's the fee? It's like $15 a month. Why? Why pay a $15 extra for your rent? Because it cuts it in half and I get to pay in the middle. You shouldn't have.

Oh, okay. Okay. Listen. Listen. My ears are on. If we get kind of, I think, I don't know. maybe if you have to split rent in half with your incredibly powerful income and bonuses you need to go through our budgeting class immediately you need to learn how to build a budget

manage a budget construct it review it go through all of our education take the quizzes same with our debt class eventually take our investing one as well you get them all for free because you're a guest on the show and we want to give you the resources we want to see you succeed like many in the follow-up channel have you have you have to though if you have to split your rent. You need to take our budgeting class immediately. I make a budget at the end of this, but you need to learn how to budget and that is the best way to do it. All of our programs are bundled together, best online in my legitimate opinion, because we've taken almost all of them out there. They're all bundled together for 25% off. I recommend them. But you get them for free.

You better use it. Your pain. Oh, I can't believe you're doing that. There's no reason someone in your position should be flexing. What am I looking at here? Transactions of What? What account is this? Um, let's see. This is going to be the payday for Dave. Oh. Oh. Oh.

Oh. Oh. Sweat. My gosh. What are we doing? Surviving. Dave? You're not.

You're not. You're kicking it down the road and you're hoping that you make it in the end. That's a fair assessment. You said that like 10. I've done it up until this point. I think now I'm just want to get more serious. I'm almost 30 years old. I want to get to a point where I'm not just ignoring all this shit and putting it off to the side.

Listen, no, you might have that once. And this is what I tell everyone, because everyone says that. It makes it easier to get out of this tough conversation. Listen, you might have that want, but you clearly want to go vape and smoke and you clearly want to go out to eat and take vacations more. You clearly want to go buy lunch every day. You're at work more. You might want to a little, but you care about those other things more because that's where your actions are.

That's where your behavior is. Your proof is in the numbers, in your spending. We've gone over some of it already, and we have a massive spending statement here in a little. Okay? So you might want it, but that want is like a 0.5% want, okay? So let me know when you're really serious and done bullshit. So for Dave, what are we doing with Dave? Great.

Fee, fee, fee, fee, fee, fee, fee. Fee for life. because we're just spending, we're just taking fees, fees for our money. You, your money put in that market's account or like a better one, like SoFi or something, you take that. You take it. Or you put it in the stock market. I open up my brokerage of Mumu.

Okay, beautiful. I'm buying. No, not even just the, I was going to do like an S&B 500 example. This $600 that you take out, put in your moo-moo, if I'm not mistaken for like the first three or six months, it's like 8% on your money for just letting it sit there. That's my investing app that I use. Oh, I'm so sorry. No, it's okay.

No, that's fine. Huh? No, no, no, sorry. I just, if you put, when you put that, if you put that money in, I think you get like 8.5% on your money. It's incredible for six months. Instead, you're taking it from Dave and paying them $30 damn dollars for that $600. You're losing your money on your money.

It makes no sense. Your money should be working for you and making money, but you're literally just giving Dave money. for your money. Me and Dave have been homeboys for a lot. And then you flex rent. Everything you do is some some stupid paying extra.

You're losing money on your money, which is so rare. You're losing more money on your money than just inflation. For fuck's sake. So what's owed to Dave right now? 600? Yes.

That pays on payday. And then you immediately take out 600 the next day? Not usually. It's if I have like a bill. What would you do? So you say you do it for every payday. Well, I try to not, but sometimes I'll need it to pay a bill earlier.

So, like, if my... How often do you do it then? Come on. Pay days, two days, two times a month, right? Two or three times a month, maybe. It's four times. I have four times a month. I get paid.

Oh, you get paid weekly. I get paid weekly, yeah. Okay. So it's every other pay to... Yeah. Biweekly. Sometimes pay the bill on time. Let's get had one damn time, dude.

It's the money you spend going out to eat. From not even the other credit card we already looked at. So now we know you're spending money going out to eat is even more. Okay. Wonderful. So literally one month of not doing that a single month sacrifice in your entire life. And you're done with Dave. Okay.

One month. And you're done with Dave. There is no reason not to. No reason. That's fair. I was almost done with Dave. And then I got that stupid ticket. I know.

But also, again, I said, stop. I specifically said stop bullshit me. Because again, it wasn't just a ticket. You still spent in your most recent statements, 600 now probably close to $700 going out to eat. So it's not just a ticket. You still spent the same amount of money that would have taken care of Dave. I didn't realize it was that much.

Well, it is. So stop with that. Emergency's happened. You didn't sacrifice in order to have enough money to... Hmm. Wait, you said your little savings went to the ticket. How much is your savings? Well, no.

I didn't say my save. Like emergencies have gone to. My savings have gone to emergencies. Like my, yeah. Like anytime an emergency comes up. What's earning? Is that another Dave?

Yeah, it is. So we're a smaller one. We're just getting a train ran on us, but Dave's. I don't even know what Dave. I need to get Dave Ramsey in line. He'll fix that. Can I add something? What I would like is to know.

what to pay off, like mostly first. Of course. In order. Because we'll get there. Yeah. Okay. We'll get there. We'll do that at the end.

It's okay. We'll do it at the budget. I'm just trying to get your entire situation written down and assessed and understood. That's fair. Your student loan minimumity payment, might as a way, we didn't add a minimum monthly payment. I'm guessing it's about, like, 60 bucks. Nothing crazy. Okay.

So this, you're borrowing like $50, $150 and you're getting like, what tip? Why is there tips? you're tipping them? Like a dollar. It's like not. Why are you tipping them? It's a dollar. No, but why are you tipping them?

I have a habit of like over tipping. I tip. No, why are you tipping this? Because they put the little sad thing on the screen. They're like, do you should tip us? I don't know.

It's a little micro payday loan. You're tipping the payday loan people. They do ask for a tip. No. Oh. I don't usually tip. That's like, that's, I want to be clear.

That might be the dumbest thing. happened on this show. That's, well, I will wear that crown high, I suppose. And that's hard to beat. I imagine. At this point, this many years in, this many episodes a week. Well. That's impressive.

This is especially bad the borrowing this month, I think, because it's been October and Halloween and. Oh, fuck you. Oh, fuck you. I can't handle it. I'm just being honest. There's going to be, there's a Halloween. There's a holiday every month until.

until spring, right, summer? That's not accurate. Halloween every month? Holiday. A day that is a holly. That's fair. That's fair. For fuck sake.

Jolly. Unlike my finances. Stop tipping the payday longs, people. Okay. All right. Hopefully I don't need to give them any of my money sooner than later. Are you tipping? Because it's on top of like a million percent interest

fee immediately. I just don't understand why you do it to yourself, man. I really don't. I don't get it. So how much is currently owed to earning? Probably like $100. I think I paid it off, actually. I can pull it up, but I think I paid that off already.

You better now. What's the frequency of your borrowing? I mean, on October 31st, we had 50, 100, 50, 100, 50, 100, 50. Yeah. Like I said, October was especially bad, but usually it's about once a week. I was borrow like $100. or $150. And typically it's just to be able to, like, get groceries or food or gas

before I get paid again after paying all my bills. Okay. Is that all your debt? How much do you owe to them again? To who? Earned in. Earned in. I think I paid that off.

Okay, so it's done? Yeah, earn in. Delete it! Oh. Your account. Yes. Okay. So that's all your debt.

That, yeah, that should be it. Okay. Sure? Oh, well. Oh, for fuck's sake, what? Actually. What, there's always why? It's bad.

Well, oh, good. It's not terrible. I can pay it off. Because they don't even know because it's not in here. What is it? Well, I said it like the last. Hey, what is it? So I took out a loan because I was, let me just explain.

So I had a tattoo appointment and it was like six months in advance. I had to, I got the first one and I paid off the first one. And then the second one, unfortunately, I had something where I had to pay something off. So I took out a loan for the second session, but it was, it wasn't necessary, but it was something that I wanted to get because I had like two really bad tattoos. Okay, so you bought for a tattoo? Yes. How much? $1,200.

Oh. And who? Uh, it's like one of those. Oh, it's like a payday loan. Oh. A $1,200 damn dollar loan for a payday loan for a, for a, for a tattoo payday loan. That's really nice. What's the?

Shut the f f f***. up. What's your minimum monthly payment? What is it that? Yes. Well, it's a cover-up. Great. It's a tattoo. Okay. I've seen a million. Yes. Congratulations. We're really bad, though, and I had them for so long. You have a little swastika? No, it wasn't a swastika. It was just like stuff I got when I was really, really young, and I got one for a friend of mine and, you know. Then we didn't need to borrow 1,200 to get it now. What's the minimum of payment on this

$1,200? I haven't been paying it. Huh? I have not been paying it. What did you check this out? Like two months ago. How? Why haven't you been paying it? Why? Okay, so when I... Why? It's a long story.

Go! I can explain. I thought we were done. I legitimately did. Oh, you can explain all day. I just thought we were done and now we're not. What? What?

Well, I lost my card and then to get the card on there to make the payment, it didn't work. So they wanted me to come in person. And then I just never went in person. Why? No, no, give me a answer. Why in your brain have you not gone? Why have you not been a fucking adult? All these things, not paying on your student loans, not getting your damn insurance,

not taking the little quiz for the ticket. Oh, why, why? Why? And then this, why? Just why? Can't do a fuck. I want an answer. I want any kind of insight into your life.

If I don't know, I don't know what to do at the end of this. I just wanted to forget that any of the debt exists. But that's not how it works and you know that's how it works because you're not a five-year-old. Your brain is not literally. are a much. So as many of you know, I've been a big supporter of course careers for a long time. I'm not just a partner. I actually own stock and I'm an investor. So why did I partner with course careers? Because I truly believe in what they're doing. A lot of people have questions about online certifications versus traditional college degrees. Let me be clear, I wouldn't put my name

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interviewing, resume help, and beyond. So if you're serious about starting a new career without wasting years or piling up debt, give course careers a try. Start with their free intro course linked in the description to explore your options. And when you're ready, use the link in the description for $50 off the full course. Your future starts right now and course careers is here to help you shape it. You are not... You might be stupid. I don't know, but I'm assuming you're not completely stupid. You've done good in your career. You've done well. Let's use proper English. Okay. So why to your own personal life are you doing yourself? It's not to forget it because you know it doesn't work like that.

It's been working up until this point. And honestly, how? It's not. I haven't. I don't know. It's not working. I've moved multiple. But it's not working. I've lived on my own since I was 17 and I like haven't needed. You've pushed it down the road.

But it's not working. And now like you said, I mean, you were a little wrong about what you think impacts the boyfriend, potential husband. but what does is if you guys try to qualify for loans together, like a mortgage. Then all of a sudden, this debt doesn't, well,

I mean, there are technical things for assets and whether or not, what things become his, but even still, let's just pretend none of it's, you know, an asset or anything. And he's like,

he will feel like he, you guys are a couple, and you're taking on the debt together and you're burdening him with this. I don't want to do that. So it's not that you've made it by kicking the can down the road. You've kind of, to come to a boiling point and you're going to fuck someone else and your relationship up.

Damn, that's good. Yeah. No, that's accurate, actually. No, shit. It's just been me. Like, I've just been surviving by myself and now it's like I have somebody else to worry about. I don't think you know what survival is. I mean, I've been surviving. Dude, you've kicked the can down the road. You haven't been. For fucking, you don't even know what the minimum monthly payment is. I don't even know how to incorporate that into your budget. I could put my next bonus to it. I don't know what your payment is. And what's the next bonus? The end of this month, November.

Fine. Do that. Just do it. Just kill it. I'm sure interest and fees have occurred. Yeah. Probably. Why do this yourself?

You've overdraft, had overdraft fees of $370 this year so far. That's not terrible, is it? Are you? What are you? What are you? In a year. This is why you think you're surviving because you don't know what just even being a halfway decent looks like.

zero overdrafts is what we consider okay. Okay? Overdraft not having enough money in your account. You're still spending money. No, that's not okay. And that has to be what? Overdrafties are like 40 bucks a piece usually? Yeah, it is.

Okay, so what are we doing? What are we doing? Overdrafting 10 times? 10 times in a damn year. What are you doing? Your average is not pretty bad. We just completed the 10th month of the year. So you're overdrafing once a month on average?

No, that's not okay. You make too much money to be overdrafting. That's so stupid. $147 and you're checking out at the time of this. It's all bull. Are we surprised? I don't think we're surprised for a single second. Let's see, is there a line in here that's not bullshit?

Yoga. We decided yoga wasn't bullshit because it's good health. Other than that, literally everything else is bull. Okay. Happy Bo, Waterburger, Summer Moon, Uber, smoking it up, Uber and Uber. Guess what, guys, we don't like to take other people's car because they drive crazy.

Well, we're Uber and everywhere. Goodwill. you never really know. Concourse, the core, a concourse project. Venmoe money out. Probably to go get food, 10 bucks.

Venmo 30 bucks. Venmo 21 bucks. Summer moon, Summer Moon. Runway standard. A subscription. Mid-Journey. We're paying for mid-journey.

What the fuck are we doing? Well, that's my like, I like, you know what? I'm not even going to bring it up. You're right. I don't need it, but. There you go.

Amazon, looping lills. The concourse. What is the conchors? What is the conch? It's like a club, like a music. Well, you're addicted to it. Stop. More to the concourse.

Amazon, concourse. Amazon. Concourse. Smoke, smoke. Sheen, Taco Bell, Duncan. Tomlson's feet. Go in and said it's a bullse. Probably.

Oh, that's my cat. No, Tomlinson's feet is my cat. Well, you also went in and got some bulls. 711 after that. Juice Land, Raman Tatsuya. Gasman. That's fine. Rose's Cafe went in and got some bullshund.

Bar Par. Partners games. Chick-fil-A, went in and got some bulls. Courtyard, weirdo, concourse, concourse, cancourse, can't-court, can't-teen, canteen, Bodiesburger, Juice Land, Golden Nail Lounge. We went there again. We just went there. What the f*** doing Panda Express? Load off Fanny. Gosh. Smoke, smoke, juice, land, Emerald, Taver, that place is shit. Sheen, Venmo, Pay. Huh? This is a friend's birthday, but. Well, there's just a, um, well, there's a better one. Yeah, right down the road. It's 10 times better. Venmo payment, Venmo payment.

The food is just so bad. That's all work. That's really all work. Like eating with co-workers. Emerald Tavern? Not Emerald Tavern, no. Point the mic. Point the mic towards the face.

Point it to the face. Point it. Point it towards your face. There you go. Listen, there's a better version down the road. I forgot the name of it, but it actually serves edible food. Oh, okay. And it's much more comfy.

Yeah, the food was really bad at Emerald. Emerald's is literally horrendous. I don't know how they survived. Okay. McDonald's, McCoys, McCoys, McCoy's, Rojas Cafe, and Tortee, Steam Games, Ace, she's a gamer.

Stop. You already own games. Summer Moon, Spotify. We can listen to ads if we're spending $1,300 more than we make on a single day basis and we're borrowing paying on us for tattoos. And we can't pay rent without using a damn thing. Okay? And the courtyard that I call that, that's a concert venue by the way.

Summer Moon. Taco Mr. Taco Mexican. Oh, I thought it was Middle Eastern or something, Mr. Taco. Okay. Moot Ampit. Panda Express. Moody. that's more concert concert concert Mr. Taco Mexican

Summer Moon, Beijing, Wach, McDonald's every day. That's all work. It really is. What are you talking about? What are you talking about? What are you talking about?

Like Summer Moon. Then why are we having all the grocery store purchases on that other card that you say are getting food? If the other stuff is going and getting lunch with food, then what are you doing with the other stuff? Then we're getting double food every day where it work? Usually I'll buy for my carers and they'll buy for me. Don't.

Don't. They make money. It's like I've already set the expectation. It's like a weird place now where I can't be like, no, I don't want. Over here. Listen, the thing is, for them. You are borrowing from Dave and earning and all that stuff. You've set the expectation.

Guess what? You've set the expectation to flex that you're going to be giving them fees to pay for your rent. Let's stop that expectation. Let's stop both. Let's stop all these stupid expectations. No more expectations. You don't make enough money. It's as easy as that.

Really. is it's not even a hard conversation to say guys I looked at the budget can't really afford things like maybe I have cancer or something I don't know make up something I don't give a fuck do whatever it takes just stop just stop I'm getting engaged maybe in the next couple years I want to save up for a wedding okay literally anything I don't care stop it okay my voice hurts after this is so stupid this is stupid and stop the expectation of tipping your payday on people and everyone that's you over okay Yeah, that's...

No more! I can't believe you do that. I can't believe you do that. No. I can't believe you do that. Oh, fuck. I'm about to make a budget for you. Before that, I'd like to ask you a few questions if you could.

Oh, God. Um, that's... You know, I deserve that. And the thing is, is I would click 20% even when I shouldn't. And if they're really nice to me, I'll do 25. Total income. $4,800, right?

Yeah. Plus bonuses sometimes. That next bonus is going to the payday loan. Okay? So I'm crossing that off. That is what is, it's not a single set anywhere else. That is what it's happening, okay?

Your debt payments outside of that. $440.55. That's your debt. What's your rent? 16 to 1700. How do you define? Why is it different? Utilities. It's all combined.

All of it. I'll call it on the upper end, then. 1700. Okay. Okay. Is that including internet? Renters insurance. Everything, everything. No. Internet, $100 a month.

I didn't even think. I didn't even think. I didn't do that. Spectrum. And they're terrible. Yeah. Spectrum. What else? What else? Is that cover all utilities? What else did you ask? Internet. Electric and gas are included. Okay. Renters insurance?

You know you don't like having insurance. No, I don't have renters insurance. Do you pay for a separately? I do it once a year. Okay, that's fine. Phone, bill. $100. $100. Why is this so much? You own your phone.

I don't own my phone now. Who do you have? AT&T. And that's $100 a month? Yeah, well, the bill is $50 and then like the guess the payment on the phone is $50. Is that all that? That's owing on your phone. Yeah.

Oh, you asked me if I own my phone. I said I owe, oh, or I don't know what I said. When you're done and you pay it off, switch to helium for $20, no, for $15 a month. It's cheaper, same towers as T-Mobile. T-Mobile towers are the best towers. in Austin, by the way. So there you go. Oh, that's good.

Okay, but it's 100 for now because you've got to pay off that damn phone. Which is like 10 more payments on it. Gas, room, room, drive, drive. How much? I honestly don't really know. I probably at $300 a month. I drive really far for work. Okay, we'll do 300.

I don't know. Car insurance is going to be 350? 300, 350. Yeah, something like... 350. Okay. TP fund. Anything else you need to survive? makeup nails, all that good stuff, 100 bucks.

Groceries, $300, $300, use on your meal plan, cook twice a week. Prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep. I'm good at that. Okay, then do it, because you spend more than them. Huh? $100. Do your own f***les. My friends do their own nails and they look fine.

I get acrylics. Huh? You get acrylics. Don't they do that? It's like, don't they do that? That's what they do. It's like $100 a minute. Where do they go?

Can I get them? Acrylics? I don't think you know what acrylics are. Are you guys getting married to her? Oh, and she, well, you have to like learn. He's passionate. It's like an art. Oh, we'll bring Jake in and he'll fight you in the post show, okay?

Okay. Okay. We'll come. We'll bring in our. It's like $130 a month, I would say, for nails. You're not doing it. Okay. For a fuck sake, you're taking out payday loans.

I do your priorities. So are you going to point in making this budget? There, no, yeah, there is. I just, that's the one thing that I'm, Medical health care. Like that. You got co-pays? What do you got?

Medications? $50 a month or a week. Four? Medical dental vision. And then I have... Well, does that come out of your paycheck first, though? Co-pay stuff like that. Oh, no.

Okay. Yeah, no. Okay. Jim? Jim is yoga. So $100 if I do it monthly, but like $12 if I do it every session. But I've learned recently you can do less because it's... How much the budget?

Dude, please. A month. Yes. Let's just do 100 because I mean... Okay. Probably just go cheaper, but whatever. Okay. You have any pets?

Yes. What? A cat. How much for the food? $20 every two weeks, $40. Okay. You have pet insurance? No.

How old is the cat? She's like 10. Oh, okay. We're probably not going to be able to get pet insurance. Okay. Yeah, she's older. Or if you do it would be Ridiculously expensive

Yeah Huh? She might be eight I got her She wasn't quite a kitten But yeah Okay Anything else that needs to be in your budget

That we have not Put in there See No I don't think so I apologize for any garlic That's been flown your way I stress ate croutons during lunch Okay

I had peppers for breakfast And it was like It was burping peppers on the way in here I'm worried you'd smell it You got the damn thing. Your life is so easy you don't understand. If you just budge like a f*** adult, you're being so dumb with your money, my dude.

My dude, you have an actual $1,269 and 45 cents on a monthly basis. It can be an is if you actually don't get around and spend all your stupid money on stupid dumb shit. Okay? Okay. That's a lot of money. Okay. So you're paying with the bonus, you're paying off the payday, and then you're immediately paying off Dave.

Okay. And the close credit and the quicksilver. And then you never think about them again. And that's the end of this month. Okay. Because your life is simple and you've chose to make it hard for no reason. Emergencies pop up. I do get that.

Yeah. But come on. This is so dumb. Your car, 5, 2, 6, 9, with all that crazy interest. Yeah. You pay it off in four months. So five months from now the car's done. Four months?

This is so stupid, dude. I can't. believe you've done this to yourself student loans start paying on them make it your and that's including your budget by the way and then made a monthly payment until they're pay it off okay stop being a dumb stuff with that then what takes you to survive without your debt now is about 3,100 bucks times that by six so you need about 18,600 dollars in our emergency savings okay so that one takes a while call that about a year of saving up a year no it's gonna be less than that let's call it 9000 yeah I don't

I think I've had that amount of money. No, that's why your finances are. Yes. You need to do the basic minimum requirements, and that is a six-month emergency fund needed to survive. Your income is large, but your living expenses are also large because your income is large, and you've kind of inflated that. But you have enough left over. Okay, let's do the actual math.

So of the $18,000, what's times that by the now extra, because your car's paid off, you have an extra $1,500 hours left on a monthly basis. Congratulations. Yep, that takes a year. So a year and five months, you have a fully funded emergency fund. You're debt-free except for your student loans. It's perfectly fine. You're still not even 30 yet.

And then contribute 20% towards retirement on a monthly, yearly basis. You can 50, 30, 20, 50% on your needs, which you can easily do with your income. 30% on your wants. It's a lot of fun money. It's a lot of money to spend on fun. A lot of clubbing, a lot of drinking. Have fun. Good job.

Congratulations. A lot of smoking. Die young. I don't smoke that much. Well, your bill does not reflect that. But okay. And then also 20% to invest in. you will have a very successful retirement and it's all chill and easy.

It's stupid that you have this. This is a choice. This is dumb. I'm upset. This conversation, a lot of it was alarming. I hope you follow this. I want to do a follow up with you really soon.

I want to do a follow up with you in five months and all that debt should be gone. And if you come back five months and I will push you to come back. If you come back and that is not taken care of unless something or emergency comes up that you need to prove to me, then I'm going to be legitimately pissed. Spending a budget, you overspent zero out of 10. debt paid a loan not paid on student loans zero ten emergency fund nothing zero ten how is your retirement i don't i didn't have a statement um was your retirement it was okay i took out some for covid to move

but i oh why every time i need to turn it back on i need to turn it back it's not even on not right now what's your retirement at uh like three thousand how does this get worse one out of ten real estate zero out of ten hammer financial score point five out of ten guys coming here on the post show we'll have Jake and her fight will also bring up more information because they know that her entire life. We'll bring up more drama. That's where we get into all the extra tea and stuff about their lives.

Maybe we'll go into this marriage situation. Who knows? It'll be fun. Make sure to join it. Help support our channel, join our live streams as well. And make sure to check out our investing, debt, and budgeting course are all bundled together at a 25% discount. See y'all in the post show.

I was informed that you're considering getting a second job. Bottle service. Make quick money. Did you and your boyfriend talk about this? There is a little bit of like a friction there. I mean, you should be telling him that you're cheating on him. Shouldn't we have a conversation about what is going on in your life? Can you just ever ask?

You rely on him to ask for you to tell him something? No. Exactly. Don't with that. Come on. To watch the post show, join our YouTube membership in the link in the description below or at the pin comment. All right, guys, I get it. You need more financial audit.

So, we've decided now in our membership below, you get two exclusive, seen nowhere else uncensored financial audits every month. Again, 384 came in from your job. How much do you think you spent? How much did I make? 384. You don't think you ever spent? Oh, I probably, I guess I did, yeah.

Seven maybe, I don't know. Also, three post shows a week for every financial audit. You're seeing right here on YouTube. In the post show, we have an extra 20 minutes for every single episode where we go into more drama. We can't find you on Facebook. Did you block me on Facebook? No, no way. You can join Hammer Pro, where you're.

you get every financial audit post show for every episode. Priority replies to comments, custom loyalty badges, and special channel emojis for the comment section. And then there's Hammer Elite if you're wanting more. And that comes with everything from Hammer Pro, extra behind the scenes content. Jake just got a delivery of a sword. A member stream every single Tuesday with myself and the crew. He could break up with her today.

He's already decided to five weeks ago. He could break up with her today. Why is he not? Because her birthday is coming up. When, though? Two weeks, two weeks. Thanksgiving's after that? A couple weeks after her birthday.

And Christmas is only a couple weeks. In New Year's. And that MLK Day. Wonderful human. Guys, she's just not doing. Wonderful, wonderful, human. I do love her. She is a wonderful person.

I like, like her. No, she's a great person. Here's a thing. Great person. It's just she can have a good person. We know she's a good person. Like, why? Wonderful, wonderful human.

But she's just so into me. And she always wants to hang. No, wait a minute, wait a minute. Random but frequent private streams with me throughout every week. Monthly member raffles for exclusive merch and two exclusive, uncensored, ad-free financial audits every month. And then for those who only go top level,

there's Hammer VIP, which comes with everything from Hammer Elite and Hammer Pro, plus a thank you in the pin comment of every public financial audit episode, be an exclusive beta tester on our newest products we're working on. And a custom thank you letter from me personally mailed to you after a year. Members help us maintain stability during the ups and downs of ad rates. And this helps us invest in making the main show even better with every passing month. Join the membership, guys. Even Dave's a part of it.