Financial Audit - Financial Audit’s Most Vile Guest | Financial Audit

Episode Date: January 24, 2025

▶Instead of paying his lawyer and avoiding jail, I discover in the post show that he's blowing EVERYTHING on stupid PLAYING CARDS..... AGHHHHH, watch here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶▶Bundle my budgeting, debt + investing program for *15%* *off* : https://calebhammer.com/classpack/ Try Rocket Money for free: https://RocketMoney.com/caleb Make SonderMind your mental health home in 2025. Sign up at: https://pages.sondermind.com/caleb/ ▶▶▶Watch this episode's *POST* *SHOW* + get *MORE* Financial Audit here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶EDUCATION: 1) Bundle my budgeting, debt + investing program for *15%* *off* : https://calebhammer.com/classpack/ 2) The best budgeting program online: https://calebhammer.com/budget 3) Get my investing class and I’ll give you a $100 moomoo cash reward: https://calebhammer.com/investing 4) Win with GOOD debt and get out of BAD debt correctly, learn in my debt program: https://calebhammer.com/formula 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) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer 7) Therapy: Make SonderMind your mental health home in 2025. Sign up at: https://pages.sondermind.com/caleb/ 8) Build you own stan store: https://www.stan.store/?ref=CalebHammer Learn more about your ad choices. Visit megaphone.fm/adchoices

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I was the instigator. He ran for me. And I chased him. It wasn't him fighting. He was just in defense. 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, I'm Damon. I'm 28 years old. I'm from Austin, Texas. And this is the financial audit. The financial audit. He's on The Financial Audit. What do you do in Austin? Austin for a living.

I am a tattoo artist. Things are currently making sense that I get that. Yep, that checks. How much money are you making on the tattoo life? It's kind of fickle. Right now, it's back and forth. Right now, I'm not making a whole lot. We're going through kind of a slow period.

You didn't tattoo the petto stash on you, did you? No, that's natural. That one's all natural. Okay. That's all me. Okay. What do you think you're making just on a monthly basis? anywhere from 1,200 to 2,500 bucks currently?

That's a big range for, it's not a huge monetary range, but the thing is, 1,200 a month, I don't know how anyone live in Austin or really anywhere on that. And then 24, it's hard. So it's not like, you know, 30,000 to 50,000 is a huge number difference. But lifestyle, it's going to be relatively similar. 1,200 to 2,500's huge. What do you do in the $1,200? Sorry, I don't want to get too excited to really.

What do you do in the $1,200 months? This is not a cheap town. And I know you work in like the most urban part. I don't know if you live in that part, but if you do it, it would be very expensive. So I don't do anything when I don't make money. I sit at home. Yeah, but you live, you eat you utility, you transport, you exist, like. Pretty much all my money goes to like getting back to the shop, essentially.

Because I live like 45 minutes away. Really? Well, that might be the only way you can afford the roof over your hand. I'll be honest. Unfortunately, how would you mean getting back and forth? So what? Are you busing? Are we Ubering? What does that mean? I'm traveling, but I spend a lot of time on 35, like sitting in traffic, so I burned through grass like crazy. Also, you did just blow my producer minds because your income is not lining up with the numbers we had. The number we had for income coming in, maybe it was just a really good month, but we took that. We'd be protected it. by 12. We're like, this dude makes some solid income here. We're a little confused by the situation. Why is this substantially higher in terms of what came in Christmas tattoos?

Like, is that the play? No, I have like a side job as well where I make extra money from that. Oh, what's your other job? I do like custom metal fabrication, build like motorcycles. You build motorcycles. What do you make with this job? About $300 a week. Still, no, that doesn't line up at all.

You were dramatically behind what came. No, no, no, no, no, no. Let's say 2,500 on your high end, plus that 1,200 from the other job. Buddy, you're towards, you're basically at a half what actually came in. Okay, so. Here's what happens.

Deposit. The square deposit, I get paid a percentage at the tattoo shop, and I run all my transactions, like, on my own. So the income that comes in through square, not all of it is me keeping it. I'm only keeping 60% of all of the square transactions. But did it not hit it as a case?

I guess we'll have to see that it not hit your account. It went into your checking account, Jake just said. But then I pay out the shop. Then you have to pay the shop? Yes. It's a horrible business model. Is it not? I mean, most shops operate that way, unless I was paying food.

Really? Yeah. The shop doesn't take the money and then cut you the commission. No. You take the money and cut the shop. And I have to make sure I manage it correctly throughout the week. Yeah, because, again, horrible business model. Why the fuck would anyone?

Why would I trust you as the shop? Doesn't make sense. Okay, so $7,000 came in, but you're saying you gave back anywhere from $5,500 to $6,000, no, sorry, $5,500, $4,500. Yeah, 40% of all of the square transactions go right back to the. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, there's no way. Well, yeah, $7,000 in square.

So if $7,000 in square and 40% goes back, that means you're, only giving back 2,800. Where's the rest? There was a square loan added to my account as well. Okay. That was like $4,900 that I'm currently paying back as well. Then this is substantially more than any of us thought going into this. I mean, they're even whispering about it right now. You just blew their mind. We had no idea because the way that it looked when it came in was this dude makes money. This dude's 11. This dude can get out of this like that. Why didn't film this episode? But he can figure it out. This is a key makes money.

What is the school wear loan for? Are you getting new needles, new ink? No, I had to like catch up on payments. I was behind on my truck payment like three months. Okay. What is going on? Please, give us some context. Currently.

I'm going to need a lot more context than that because we're flying a little blind with what you got. I have, I guess a lot of like nuisance spending. I spent a lot of money at gas stations. You just told me you only, no. Why lead us down the wrong path? I don't know. I'm ashamed. There's a lot of bad spending on there that does not make me feel good about myself.

Wouldn't you just tell me that fact then instead of trying to lie out of the gate? Ugh, what? It was just easier. I totally forgot that you had access to all of these things. Okay. You're not literally stupid. Why'd you bull-ed me at the beginning? How about that?

That's what I want to hear. It was just like one of those things. You know, I didn't want to jump straight into the hellfire. How can I? trust anything you say for the rest of this conversation. How can the audience trust? How can how can the producers trust? If you tell me one thing, I'm not

going to know. Because you're spending, to us, you're spending, we had total income of that 7,04, which we know to be incorrect now, and we had 7,600 going out. It was relatively close for many people on this show who

what's going out is usually like double or even three times on extreme cases. Yours was a little over. I was like, okay, Let's make this dude a budget. Let's figure the shit out. But our income situation is dramatically different than we thought. Okay. So you gave me 1,200, 1,200 to 2,500.

What is a monthly average? Because, again, that range is just too substantial. What's 2000? 2000 about would be like the closest average. Why do you make so little? It's just a bad time of the year right now. So the tattoo shop is like considerably slower than it would be, let's say. I ask monthly average.

So you're giving your monthly average for right now. Now, when's the good time? During the summer. And then what's your monthly average then? $4,500. Okay. So I don't. Okay.

And what do you count as the summer? The literal three months of summer or? Pretty much any time from like February to. Yeah, February. My favorite summer month. What the fuck you're talking about? It's just like when the kids are back in school. Like after they get back from like winter break and stuff like that, all the college kids,

they like funnel back into the city. They come down to fucking party street. And they do. And I tag. That's like most. my, when they're all drunk? Not always.

There's like a fine line. So I'm going to put you at, what's your rent? 400 bucks. I don't have to pay a whole lot. Oh, there you go. That's how you're surviving. That's how you're surviving.

Then why are we falling behind in payments? You just said you had to borrow a loan because you're falling behind in certain payments. If our rent is $400 and yes, we make a little lower income for the area, but okay, you combine a side hustle with it. That's a good start. Why are we falling behind? on our payments when our cost of living our living expenses are so minimal um the last few months

i had like to pay for some legal fees i had like hire a pretty expensive lawyer okay okay sure what what what what happened um i got into some trouble downtown i got myself into a situation and i had to to hire a lawyer to help me out a good what what what what what what happened uh i was out drinking. I got in a physical altercation with a gentleman and you win or lose? I won, but it put me in jail, so I guess I'm the real loser. What did you do to him?

Grab this dick and twist it. We just got in a fight. Uh-huh. Why were you the one jailed? Because I was the instigator. Oh, what? Okay, you're being very vague about this. Why did you fight him? I was at a comedy club with the girl that I was seen

and she took me there specifically to like embarrass this guy or like make him upset. And it definitely made sense. He was in the crowd. He was like the manager of the place. And it embarrassed him that you were there? Yeah. Because he was jealous.

He's her ex. Yeah. Very toxic of her. Okay. Yeah, I had no idea. It caused quite a situation. The girl out there? No, not that girl.

How many? You go through girls? Okay. Good for you. Maybe. I think. I don't know. Okay.

And then he got a little upset and you're like, and you pushed him? Yes. and then it started off inside the place and then he ran for me and I chased it. How far did it go? Outside into the street.

No, no. That distance, the fight. The fucking fight. It was a lot of him trying to defend himself. So it was just you. It was just you. It wasn't him fighting.

He was just in defense. He started to fight back. When he had no other choice. By the way. Why'd you do it? I was drinking. I don't drink. How much drink?

Drinking. A lot. Why? Like, why would you go? Okay. Why would you put yourself in this situation then if you were in an uncontrolled? You get violent when you get drunk? I do.

That's why don't drink. So you fought the dude you got arrested. You went to jail and now you had to hire a lawyer. Yeah. What is the legal blah, blah, blah. Because that's the big question because obviously if that put you behind on payments for things, what happened what was the legal fees what was the lawyer for what did you do it was um p i resisting arrest and then harassment of a peace officer so it was like three different charges okay so you

fought a fucking police officer i did not fight a cop what would you do arrest i was trying not to go to jail it was in a drunken stupor can you just tell me what the f*** happened yeah what happened i fought this guy chased him outside of the place um the cops got involved i was not trying to get into the back of a cop car. So you did what? I tried to like get away from them. Okay. And I guess in the process, I don't remember every detail.

Well, I mean, at least it doesn't hurt your income situation because I wouldn't trust getting a tattoo unless the person was a convicted felon. Now, you hired the lawyer and, okay, so those are formal charges? Mm-hmm. Where are we now? I'm current one of them was dismissed. I'm currently fighting the other two. The public intoxication.

That one was dismissed. Weren't you publicly intoxicated? I was. I got a good lawyer. Which is why the expense was so high. How do you? Okay. How much did you spend?

$16,000 is what he's charging me. Oh, buddy. For your income, that's crazy. But I get it. I get it. You're trying to save yourself from legal. Um, um, um, I'm, mom, mom, mom. Okay.

And how much have you given him so far? $4,500 bucks? $5,000. When is the rest owed? I owe him actually currently I owe him another $400. Well, here's the debt. What? How much?

I owe him $400 for this monthly payment. And then on the 26th. So he has you out a monthly payment? Yeah. A monthly payment for the full 12? No. Two different payments of $400 each. One on the first and then another one on the 26th.

But then after the 26th, the first comes so quick. Right. So 800 hours a month until the full 12 is paid off? Yeah. But you already put 5 towards the 12. Yes. It was 16. Not 12.

It's 11,000. Sh, fuck. Oh, OK. I didn't even know this. Ah, shh. Okay. Dude, this is crazy, man.

Well, you're a unique one. If that makes you feel special or good. Did I click something I wasn't supposed to? I don't know. I looked over there thinking you were lighting a joint, so I'm glad it wasn't. pipe or something like i don't know what you do do you i don't okay i promise are you sure i swear okay 11,000 i don't want to i'm judging you a little no it's okay lawyer 11,000 dollars and it's 800 hours a month so on your low month which is right now according to you $1,200 comes in

then $400 to rent that's it that's it's it's it yeah that's all your money that's why i ended up getting so far behind and had to start taking out loans to pay off things. Oh, so now we're in a cycle, but you're not even close because how, how, what was your idea and your plan to pay off this 11, this, well, actually just $800 a month? What was your plan going forward? Or we were borrowing for the next year, essentially? Yeah, I had no plan. My initial plan was just to give him the money up front to be able to get him on my team.

What happens if you don't pay him? Well, how would you have done? Okay, sorry, go ahead. And then just figure it out after that point. It was just a wing in it. Hail Mary. How are you going to? to give him all that money up front. How?

Yeah. I sold a couple of things. Then why didn't you give them all the money up front? Because I didn't have all the money up front. I had just enough for the original down payment. Down payment. What happens if you don't? I don't think a lawyer's the person I'm, especially a good lawyer is the person I'm trying to fuck over. I didn't even find the lawyer. Cool. Okay. Yeah. All right. Let's talk about a big money leak that most of us have. Subscriptions. I bet you have a couple you forgot about, right? That's exactly what happened to me.

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That's RocketMoney.com slash Caleb or head to the link, below to check out rock of money and get the reins on your finances today. So what happens if you don't pay because you're behind on the other payments, but what if your debt gets such a situation where you're not getting qualified for these debts anymore? Well, you'll probably go to a payday. But even if you don't get payday, then all of a sudden, you can't make the payments towards him and you have to choose between truck and repo and paying him. What happens if you can't pay lawyer?

I lose representation. Well, we expect these cases to go. So it's, oh, okay. So you probably had a $16,000 retainer. Right. okay when does he expect that $16,000 retainer to cover through hours wise I'd have to look at our agreement our written agreement because I'm not completely well I don't know if the I don't know if his expectations in the written agreement

I mean you probably have any how many you probably have the cost per hour yes and then when you finish a retainer you have to fill it back up again but when does he expect that retainer to need to be filled again Do you know? Because what could happen is that all of a sudden you get this debt down to $8,000 and all of a sudden $16,000 could get added to it or else you lose representation again? Because you're not just paying for the time that's happening right now. You're paying for the, you're paying a minimum fee payment for the retainer of the time that's already happening now.

But the moment that time's done, regardless of if that past ones paid off, he'll need to refill that retainer again. And that could get added to the debt. This could go to $20,000. This could go to $30,000. I didn't know that. Well, I'm assuming this is my assumption. I'm not 100% sure. I wasn't there, but that's generally how lawyers work.

I have many lawyers that work for me. I mean, that's how it works. Yeah, I mean, I don't remember everything that we had, like, discussed. This happened back in October. That's when I hired him. I would have to go back in and look at our paperwork. October and only one of the three is disenfranch so far. Where are we in the progress of all the other ones?

Dude, this is wild. They've been pushed back. each court date that I have been like given to me gets pushed back like a month every time a new one is issued. So right now I'm just- Oh, what do you mean new one gets issued? They'll give you a court date and then my lawyer will kind of go in on that date and discuss what's going to happen. And then they'll just push it back. The county is like really backed up with cases. But that's this more hours for you, build.

I mean, your retainer is going to probably have to get re-up before this thing concludes. He told me it'd probably be a year before we even went to court for the next two charges. But he doesn't know how long until his hours. How do you communicate with him? Email. Is he fast? Kind of. It's like a 48-hour response.

If you emailed them now, we wouldn't hear by the end of this episode? Probably not. Okay. I can try it. You can try it. Ask him where you are, how many hours your 16,000 hours covers and where you are in those hours. Okay. Billed.

Yeah. Can you shoot that email real quick? This is so curious because this could be a never-ending cycle of debt. And that's going to determine the whole strategy. behind everything we talk about here. And your income situation right now is terrifying. How much did you say comes in from the car stuff that you do, the bike stuff? $300 a week.

But that's self-employed, right? Yeah. You set any money aside for taxes? No. Financial lot of bingo, here we go. Four years. All right, so we need a fucking tax lawyer now and a CPA and good... You know, the crazy thing is the IRS knows that they just haven't done anything.

Yeah, I haven't got anything from them yet. Yeah, you're low on the priority list. Four years? Any taxes? so you haven't filed Texas in four years? Not since 2020. So I guess. Why?

I've been scared to like know how much money I had. Yeah, what about the first year when you just didn't do it? It was just a cumulative. I did it the first two years because I was lazy and then the third year came around. And I didn't want to like see how much I actually owe them. So I just avoided it. And I've been avoiding it ever since. And when they garnish your income, which it comes to square.

Well, I mean, they can probably do anything. They're so fucking powerful. I don't know how it happens. I know it's much easier through W2s. How are you paid with the bike stuff? How are you paid through the bike stuff? Cash. Yeah, okay.

So that's honestly, you're probably not even claiming that. So they probably don't even recognize that part of your income, honestly. There's no way you're reporting it. You're not even filing your taxes. 2020 is your last or you haven't? I'm sorry? 2020. 2020 was your last or 19?

20. 2020 was my last. And I did it so I could get unemployment benefits. Of course he did. Okay, so there's your first debt, 11,000 hours, $800 a month. However, what we don't... First, why did he set up that payment structure to be first of the month and end of the month? Because then the first of the month comes so quick.

Why isn't it like 1.15, 115, over and over again? I have no idea, but it screws me every time it happens. Yeah. It's like really close together. Have you ever missed one? This past one. But I'm waiting until Friday. I'm going to pay him.

When was the last one? On the first? Yeah. Wait, no. We're past the first. That's the one you missed? Yeah. You've been past due for over a week.

Right. Well, yeah, we're not going to hear back from him by the end of this episode. I talked to him two days ago. And? He seemed positive. Did he know you owed him? I told him I would pay him on Friday. And he said, he said, okay.

Oh. I've seen people come on with payday loans. You know based on this conversation that that is where you're headed. What is a payday loan? Never mind. It's nothing. It doesn't exist. Okay.

Is it like the, I use like cash advance apps as well. Okay. It's the worst versions of those. You're doing that right now? Yes. I'm not surprised. See, this is what scares me. Okay, a payday loan place.

I mean, I'll tell you the bads so you know not to do it. But essentially it's a place you'll walk into. And you're like, hey, I want to get fucking railed in the ass today. Hey, yo, what the fuck? And then they do with a like multi-thousand percent interest rate on a loan. And it's like, You know, almost sometimes weekly payments, bi-weekly payments, and it's, like, balloons, it's crazy.

You borrow like $1,000. You pay back like $5,000. And over a course of a month, this is that instant. It's just the most predatory shit. But when you're desperate for money and no one else will lend to you, that's where people go before they go to a fucking loan shark. Luckily, we haven't had anyone with a loan shark.

I could see you go in that direction. I don't have one yet. Yeah, it's, don't yet. Well, it's not yet. You didn't know about those places? No. Really? Yeah.

Don't take it. man. But unfortunately that is where you're headed though. When you're not paying your lawyer and that's where you're going to lose a legal thing, then you're going to wind up in jail or oh fines or whatever it might be. What class felony are these things, if any? It's a, I think a class. It's third degree. So it's lower on the scale.

Class three does not exist. Oh, yeah, third degree felony. Two to ten years. Oh, in Texas state prisons. It's like the worst prisons in the country. No air conditioning. to 110 degrees in the summer. That's where you're headed.

So again, I just want to, can I whiteboard this? I need to visualize this. This is crazy. Okay. Jail. Not jail, prison, really, but jail, we'll call it, because it's the shorter word, jail.

Mm-hmm. Listen to the screen, here you guys go. Okay. Jail. But in order to avoid jail, We are lawyer, okay, so far, right? Right. So how this is going to work is if you fail this one, you get this one.

Okay, but in order to do lawyer, right now you're borrowing. And all of a sudden you fail to borrow, you fail to pay lawyer, you end up in jail. But you're probably reaching the end of anyone who will give you an even. money. So that comes to pay day. And this is why I think you're ending up there. Unfortunately, As the Krispy Chicken sandwich from 7-Eleven, people always call me loud. And I'm like, yeah, I know. I'm crispy. Did you expect me to whisper? If you want quiet, go eat some soup and reflect. Like, I know I'm a handful. I'm bold. I'm juicy. Throw some pickles and barbecue sauce on me, and baby I'm a whole meal. And with seven rewards, I'm just $4. Quiet. No. Krisby, saucy, and $4.

Very only at 711 Valley through 62326 Participating stores only while supplies last the app for full terms Because again In the most extreme Situation We do not want to end up here You don't want to end up here

No one wants to end up there so I get it You did some crazy shit But you have to hit this in order to get that But in order to get that you have to do this And now you're about to fail this Which leads to this That scares me So you're facing a situation

where it's almost like payday loan or prison. Yeah, pretty much. We're in a payday loan or prison cycle for you. And that is fucking terrifying. Oh, it's scary, dude. Scary, then what is your plan? I would love to know. Oh, sorry, that wasn't meant to.

What was your plan? What was your plan? You've thought you're coming on here, hopefully, to get a plan. But you've thought, you've thought about this. You've obviously thought about this. How did you think it was going to transpire over this next year? What was your idea? your plan, your concept, your anything.

I was just hoping that I could wing it through slow season and then get to busy season and then use my income from that time to like pay back. Busy season, summer in February. Yeah, summer in February. Okay, so are you serious? It actually doubles next month. Yeah. As soon as people start getting their income tax money, my income skyrocket.

Income tax money. You're talking about tax return? Yeah. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space online. We have our budgeting program where I teach you how to create, manage, and revolutionize your budget and control your money.

And then there's the investing program where I teach you to define what investing profile applies to you and your life and then teach what specific investing strategies applies to you in that situation. And now finally, we have our debt program where I teach you the best ways to pay off debt, manage debt, and even take advantage of good. debt. This has been a revolutionary project that we've been working on for over a year now. And just like over 10,000 people who've already taken our educational programs, you can now take advantage of all three of them bundled together at a 15% discount. I've heard from thousands

of people now who've taken these classes and they've literally changed their lives for the better. And finally, you can too at a more affordable price. Head to Calebhammer.com or click the link in the description below. You will not regret this. So right now we're trying to avoid jail for those crimes. And hopefully we avoid, yeah, in Texas, examples of third degree to felony is in Texas. Intoxication assault. Assault of a public servant.

The two that you're still charged with. All right, let's start going through these documents here. Because something tells me all of a sudden there's more hidden loans than I thought because there wasn't that much debt, but now we know this $11,000 debt that's going to go to $20,000 to $30 to $40,000. because you are not willing to go to jail and in order to borrow for those things, like on the little thing we just did,

you're going to take up a lot of shit. Okay. I don't know where you assess your finances, zero to ten, zero being the absolute worst, ten being the absolute best. Where do you think you are today? Like a two.

Okay. Honestly, maybe. I don't know. This is going to be such a fucking discovery thing. I'm basically a lawyer going through discovery right now with a, apparently the unknowns of you.

If you guys want your Hammer Financial Score, it's free. Link in the description below. See where you are in this world. And if you want to come on the show, you can come down here, hang out with us in Austin, Texas. I'll beat you up a bit. It'll be a fun time,

but you'll spend the day. Lindsay, Jake, myself, and it's a good time. You having a good time? I'm having a great time. I know you're from Austin, but thanks for coming in. Thanks for going through all the onboarding videos

and all that stuff. We make your guys' lives easy. So go to Caleb Hammer. dot com slash apply would be happy to have you on the show it's a good time especially if you're apparently going to go to prison because that's crazy fingers crossed but you don't yeah right all right here here here here's something um this is under a business so this must be for your bike company your bike which one is this uh I just have a loan agreement page I don't have the name of the loan there's no like title

I you tell me that's for my truck I don't know tell me what has okay what loan matures in 2026 in the summer

year and a half from now my truck what's your truck like the total that I'm paying nah what's your truck what kind of truck you got 2016 RAM 1500 and a haul around all those

syringes it's currently broken down like beyond repair we have a 13% interest rate on a car that is sitting down? Why have you just scrapped it and just thrown the money towards it and tried to pay it off as much as possible? What, whoa, whoa, whoa, whoa, whoa, what broken down? Nothing that insurance would cover.

What broke it down? I didn't have insurance. You don't do anything right. You don't do society. You don't do society. I don't. How is that? Obviously, that's not working.

So maybe you should join us. I'm hoping to get some introduction into it. Well, that's, but hopefully this. intent, but this is crazy. No insurance? How long did you not have insurance? When did this break? What happened? I stopped paying insurance at the beginning of October. And then I had the...

Hortez, only a couple months ago. Right. And then my transmission went out of my truck. Okay. Well, I mean... And the cost of repair is worth more than the truck is, because it's beat to shit. Oh, what's the cost of repair? Probably like $6,000. Oh, but you... Oh, $5,000.

Right. Oh, specifically. basically 4,899, 889, 489, 4,889. And it's a what? It's a, it's a RAM 1500. Ram 1500. So we can go make some fucking tattoos. With a minimum fee payment of 600 bucks.

600 bucks. No. 5. 90, what? You don't know fucking anything. It's 271. No. That's not what I pay month.

If that, if it's saying, 271, that's my motorcycle payment then, which would be crazy because I don't owe, I owe way more money on that than $4,000. I pay $600 a month to Capital One for my vehicle. This isn't Capital One. The next one's Capital One. Oh, then this is a motorcycle payment, the 271. What's your motorcycle? It's a 2006, Harley, also not running.

And like I said, this was under a business name, i.e., probably your motorcycle business. Okay. Okay, you owe 4,889 on your motorcycle at 13% interest rounded. I feel like that's not right. That's right here, unless you have another third vehicle that I don't know about? No, no, I just have the, I'm really behind on my Harley payment, so I haven't been able to, like, even log into the portal to see, like, where my loan is standing. That's not how that works, unless it's been sent to collections.

Like four months. I don't think it would have been. This isn't the Harley, is it? I can't be. No, no, no, no, no. Is your bike to Harley? Yeah. You don't have any other bike?

No. I mean, I do. But they're not like in, they're not a, they're not financed. It's stuff that I just own out, right? Oh, that might be the personal loan for, through square. Guy, do you know for anything? Do you have no for anything? It could be the personal loan.

I don't know what this is. I think it's the square loan. So you borrowed through your payment service provider for some reason, which is crazy. they offered it. Of course they did. Apparently if I want this business to make a ton of money, I just offer a predatory loan

through our website. Okay, so this is the personal loan. Yeah. Good thing I didn't ride bike yet. So $4,884 personal loan. And you're actually making payments on this? I mean, it just started. It gets pulled.

A percentage gets pulled every time I run a transaction on Square. Oh, for sake. Oh, I think good for, trying to get us to 271.61 a month. I think it's 13% that's pulled out of your transaction. And how you hit that 271.61 probably? It's on every transaction.

It doesn't, it doesn't stop once I make the payment. They wouldn't want you to make more progress, though. They wouldn't want you to make more progress because they want to get a bigger, uh, uh, interest longer. Really? You sure? Yeah, every, every transaction 13% gets pulled. Then what happens if you don't hit that 271?

because maybe you just don't hit that 271. I haven't not hit the 271 yet, so I'm not sure what happens if I don't. Do you hit it towards the end? Well, I guess you've only done it for a month. It goes by pretty quick. But you've only done it to do it for a month. Well, that's my third square loan payment.

Or that's my third square loan that I've gone through. How often do you go through square loan? As soon as I pay off one, I get another one. So you're stuck in a cycle of square loans, a fucking square. A little fucking just loan square you're stuck in. Perpetually. So this is number three. Yeah.

How long do they usually last? Two to three months? I can pay them off. Oh my, my, payday loans. They're so in your future. I mean, I'm just trying to like, just take this in a little bit because so much was vague here. It was a little of like, okay, this might be interesting. This might not be.

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I can show you on my square up. This isn't lining up. Are you sure we had the right thing? Because now it's saying the minimum monthly payment is $600 something. That was it. That was a, okay, that's a credit card debt. That's a different debt. That's a different debt.

That is not in the stack of documents. I'm going to have to call the girlfriend in the post show. She's out in the lobby. I'm going to have to unfortunately inform her that I have given you a medical diagnosis. We'll talk to her in the post show, guys. If you want to join the membership of help support this channel, thousands of hours of extra content there.

I recommend the elite one for the best value for the dollar. That's where all the extra good stuff is. Here we go. Okay, so the balance is basically the same. Activity, activity, activity. I'll pay, out of pay, ought to pay. Okay, well, it's not really showing. So that's how it works.

So that's how this fucking works. It might be occurring. interest. It might be a accruing interest. There's like a loan fee that.

I need to get a girlfriend. You see how fast I can tap this touch calculator? That didn't make you guys want to apply to be my girlfriend. I don't know what it does. Actually, wasn't even that impressive, was it?

Was it, Lindsay? Um, I'm single forever. Oh, shit. I'm single forever. Okay, so this is how they do it. This is the interesting thing. There might be

Okay, so yeah, you make a minimum monthly payment, and they're okay with you paying more. They usually do because of this little roundup thing. It's not the little fucking, you know, you're probably getting interest accrued if there's balance left though. You're probably getting that little interest accrue. You know, just a little touch of interest. Yeah, that probably happens. But that's not what's fucking you. That's not what's fucking you.

That's not what's doing it. It's when you borrow this. You borrow the full $4,200 that you could borrow. Guess what? They immediately added a $7. $700 fee. Fee baked in out of the gate. Bring it to like 5,100.

Meaning even though you've paid 13% of it, you're still above the balance. That you took out. That you're fucking took out. You are paying an extra almost 17%. A little 17% fee just to get access, access to their money. I want to give you free money right now.

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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. Oh, they are making a killing. They are making a killing. You are paying for whatever skyscraper they have built somewhere. You are getting a killing. You are giving square so much money. This is fucking crazy. You can't do it again. But then you have to because you run out and then you borrow the money and then you're

in the cycle. You're in the square. You're in the fucking square. You are in the square. Right. This is an insane debt. It has that fee added to it and that plus the interest. Oh, that's the repayment rate.

That's the repayment rate is 12.5%. So they add the fee on the fucking little thing out of the gate. That's what they do. They add the fee on the gate. On the gate, that's crazy, man. That is fucking crazy. I'm assuming that's, it looks like a non-interest loan because of the fee,

but you're still paying whatever. It's because it's baked in. If I had a high-interest card and I put a $5,000 on there, but I put $4,500 towards it. That means it's only going to accrue on the $50. $500. But that's not what this matters. You fucking take up $4,000 on this and you pay back $3,000.

500. No, you still have the stupid same amount fee. That's a 17% fee that was added. They just made a 17% return on their money. And they've done it three times with you. This is wild, man. This is crazy. How, how? How do you even fall into that? How did you even find this debt? Because you use them as the payment service provider? Yeah, so it looks like I make a ton of money when I'm running payments through square. So they like open me up to this large amount of money. And every time I paid off, the like amount increases. So the loan started off small. Meaning the fee increases. That's 17% to it increases.

They want to get it as high as they can so that that 17% goes further. Did you don't understand? You don't understand how bad that is, man. And then the credit card debt that I showed you earlier that I had forgot about. You forgot about? I haven't paid it. It was just... Sense?

Back in the mine. Sense? Over a year. It's been turned over to collections. Credit card. You're not a debt person. You don't know how to use utilize credit cards. I've never paid one off.

The resources we'll set you up with, we can get you access to the FIS card, which is a debit card that builds credit. We'll do that. We do that for the community. We do that for our guests too. You probably need fucking therapy. You certainly look like it. We'll give you three free therapy sessions through Soundermind. It's a service that I use and that the community uses as well.

I don't even know if I want you to sit across the table from a domain money people. I don't want them to have to deal with that. They're good, though. the fact that you're taking that out, take our fucking debt class. Understand debt, man. Fully understand how to utilize it correctly and how to pay it off.

Go through our budgeting class and then eventually go through our investing class. Take all the quizzes, go through the information. Over 10,000 people have taken them and they've literally changed their lives for the better. Take them, build the budget, learn how to pay off debt for fuck's sake, man. It's the best thing you can do.

Surround yourself with the best things you can possibly get and you get them for free. You guys can bundle them for 15% off. Highly recommend it. But you get it for free, so you better fucking do it, man. Okay, so Kappa 1. So you're saying this was the truck.

That is my truck. Correct. I see why you're a little confused. It is a pretty similar balance. $4,656. $28 on this one. $19? Oh, you owe $1,316.

And $50 on this loan. That is only $4,635. Because you're just endlessly passed. Get due! What was the... Oh, so men, oh, dude, why? So,

it's because, it's because of the thing we talked about earlier. It's the, you're not going to, you don't want to go to jail, so you pay the lawyer in order to pay the lawyer, you have to defer the other payments

and take out loans in order to pay the lawyer so you don't go to jail, but in order to do that, you have to not pay on things like this because the payments come doing, you can't afford it, and we already have a multi-hundred-dollar payment due on a monthly basis

with both of these together. You don't make that kind of money, both these loans together, take up half your income on a little month. And then you incorporate the lawyer into it. It's not even close. You're done. You're capped.

You're ruined. So that's why you're behind. That makes sense. It makes sense. Who do you borrow the square? Why isn't it going to just pay it off this? Where's the square going? What do you do with the square debt?

Where does that go? You use the money. Where does it go? The last one that I took out, I was behind my truck payment like three months. And they put my truck in repo. So most of it went towards that. Oh, but you're headed towards there again.

Right. So it's just, you get to repo and then we borrow so that we can pay on it, then we get to repo, then we take on a new debt so we can pay on it. And like, do I need to fucking draw that out? That's been the difference. I could draw that one out too. A lot of people in the show that get locked into cycles. It's a very common thing.

It's a very common thing in the United States and America, in every culture, actually. Even communist China has debt up the dick. I mean, communist. It's this. So that's normal. But you keep lacking, you get in multiple cycles. You're in a cycle of a cycle of a cycle. You're in like these cycles that are interconnecting.

All these fucking things, man. This is crazy. It's hard to manage to deal with. I could have man it. Yeah. Yeah. What are you doing to deal with it? What have you done to deal with it, though?

Other than take loans, nothing. That's not dealing with. That's the fur in the process. Why haven't you, how many hours a week are you working tattooing? Tattooing? Probably 36 hours a week. Okay, then fuck off. Go work 60 hours somewhere instead. You need to make more money. I don't have another. Looking for a protein shake that tastes as good as it performs? Meet rockin protein max. Packed with 50 grams of fuel. It'll help you keep up when your day won't slow down. And because it's always creamy and never chalky, every sip taste great. Even better, it's lactose-free and has zero added sugar. It's not every day you find a protein shake you actually want to finish. Catch rock and protein in the dairy cooler at a store

near you. Rock and protein and Shamrock Farms are registered trademarks of Shamrock Foods Company. Skill set. I don't have a high school diploma. We'll gift you a certification to course careers. Use that. It could be a good way to get into a job market. We recommend that for our audience as well. It's another resource we can provide. You didn't graduate high school, I didn't. Yeah, definitely. The GED? No.

Why not? Why haven't you tried to do the GED? I've been tattooing for 11 years. So I started tattooing when I was 17. I've had no reason to go and get a GED. Did this all start with the legal? Were you fine before the legal? I was okay.

I was doing better. Well, okay. What does your better look like? Because this is like bottom of the barrel. Like, okay to you could still be complete shit. I was up to date on payments, and I was still able to pay my insurance on my truck. So you were able to do minimum monthly payments.

but you still had debt. Right. And were you still opening debts? Yes. So that wasn't good anyway. So obviously this isn't working. You've gotten yourself in a situation where your behavior is out of control that got you into debt. And then when something popped up like the legal thing, all of a sudden or now, you just can't control it.

And not only do we have to correct behavior, you're going to have to bring in more money. And I don't know how this motorcycle thing works. You say $300 a week? How does that work? What does that look like? It's pretty much just like a cash payment that my boss gives me. Well, what do you do? You working at a shop?

Yes, it's me and one other guy that work. How many hours a week are you working there a week? When I did it yesterday, like 30, maybe 28, somewhere around there, close to 30. So you're making like $10 an hour? 15. That math's not mathing. I don't really think that my payment. I know it's $300 guaranteed.

A week, I'm spending more time there than what I'm actually getting paid for. Don't. Don't work somewhere where you're not getting paid for your time when you can't pay your bills and you're behind on things and we're taking out payday loans here starting soon. Actually basically already are. I think that's a pretty basic rule. Right? Right. We're not getting paid and you can't pay your bills. Don't work there. Drop some fries. Work at fucking summer moon. I f***ing lactate moon milk. What? I feel like the motorcycle thing currently is like an apprenticeship opportunity.

though. Like, I'm getting, how long have you been in the prenticing? I've been with him a little over a year. Okay.

Okay. Okay. And what's the, what's his little, what's his little, that he dangles in order to keep you there? I mean, I guess it's just the lifestyle and, like,

being, he's a very, like, popular dude. Okay. That doesn't count anymore when we can't pay our bills. You get to have that luxury. You get to have that luxury of sacrificing, paying time for things you want to do

when you can pay your fucking Bills! You're going to go to collections. You're going to give a free boat. You're going to go to jail. Then you're going to get the IRS to come down and peg you. I think we're not choosing the convenience of what we enjoy doing. I enjoy the percentage, again, like the certification thing.

You could do a construction project management certification. You can get into that world. And you do not need a diploma for that world to work in construction for some jobs. you do every job you know every level there are certain things but you can get into the field without a college degree okay i guess there's just my freedom that i was scared of losing well you're about to because you're gonna go to in jail are you stupid what do i have to report to this is the girlfriend too to add to the situation of your mental capacity like you're gonna lose your literal freedom in like the most way you can other than death so i don't think we're

choosing the freedom of our job in that situation Yeah, I'm just scared of the transition I've never done anything about tattooing And work for myself And like transition You're gonna transition to someone's bottom in jail I'm a pretty big guy Oh yeah but you're Twinkie

And they like that I'm not Twinkie You're Twinkie Dude You're smooth and skinny You're Twinkie What do you think you are? I'm like 190 pounds

You're big Twinkie I'm big Twinkie Okay, we'll settle I'm not Twinkie So $598 a month But you're behind by two right now Two. Is that still the case? Or is it three now?

It's two. Okay, repo starts. Oh, fuck. Like five, right? And we're headed there. Your spending's confusing. So it's like, where did your money go? That guy.

Maybe you need to go to jail. You spend $1,600 just going out to eat. I don't go grocery shopping. It's gas stations and restaurants only. And Uber Eats. That's your entire income, honestly. long month. We're taking out paid loans, so we have a chance to go into

jail and we're spending $1,600 a month and I can get you a $300 grocery. Budget, budget. I could get you a $3,000. Oh my gosh. Oh my goodness. $600 a month, you cannot afford that. You cannot afford that.

I don't have time to cook. Yes, you fucking do. Because you're going to work jobs where you're actually getting paid when you work. You're going to work 60, 7. 70 hours a week, not going to let you work more than 80. You're going to push it to the max and you're going to meal prep two times a week. Find time for that because I'm talking a couple hours a week. I know you have a couple hours a week even if you're working 80 hours a week.

What do I do about my two current situations? Huh? What do I do about my two current jobs? I, um, well, I'm quitting the absolutely the motorcycle one. I'm just trying to, I'm trying to picture the value of, uh, or at least temporarily leave. You're just like, hey, dude, I just, I got some bills to take care of and I'm just not getting paid here. I don't say it might be a good way where he's like, okay, I actually like you being here. So here, let me give you more.

That might happen. You don't do it to try to get more, but that might happen. You have every intention to leave. But you're going to have to go make more money. You're going to have to actually make money for your time. And the minimum starting wage for a low-paid job in Austin is $18 an hour. So you're dramatically behind that by almost half. You can drop some McFrize for, I think it's $16 an hour in Austin.

McFrize dropping them. into oil. Then my fat asses come through the drive-thru. Yeah, dude, but I got to work with a bunch of idiots if I go to that place. Well, you'll be right at home. You don't think everyone at a restaurant that they're hiding away from the general public looks like you. Come on. You look like a cook.

No technical skills needed. So you said there's some motorcycle debt? I wasn't able to get the loan agreement because I'm so far behind. How far again? Five, four months. Five months. So that repo's coming. It's, I've already gotten a issue of repo, but they can't find it because it's pulled apart and pieces in my garage.

Good luck. So, what's your credit score? Four something. I think maybe a five, like a five, three or like a five 20. It's about to go back down once this goes into fucking collections. I got to notice this morning that my credit card or that my credit score went down again. I just didn't check it. Do you care about life?

What are you trying to do in life? You remind me of the people where I'm like, that person next to me in first hour health class that smells like cigarettes is going to be a failure. Luckily, you don't smell like cigarettes. It might not be allowed in if you did. Do you care about life? You're here. Okay. And you genuinely seem like, I mean, you're being open and relatively honest when you're able to be about your situation.

So I was doing. great like four months ago five months ago no you were not you were taking out debt and you had debt you were just making your minimum fee payments let's not use the word great let's not say things we don't mean I was doing better um and I went through a catastrophic breakup that like sent me down a spiral in the guest room what is that

that's my girlfriend okay but this was like a three year relationship where she was like involved with my daughter's life and like you have a daughter I do have a daughter you do this you're going to go to jail you have a fucking daughter I do she's gonna grow up in look like you. How old's your daughter? She's six. Is there only one of these? Obviously

I'm not the reason you dropped out. She's not young enough for that. Old enough for that. Sorry, continue. So yeah, after we broke up, I was, I'm not able to be on like a, like, an apartment lease because of like prior charges. So I was, we, we got a duplex together. And I was living

with her, but I wasn't able to be on the lease. So when you broke up, I was like, kicked out of the house because, like, there was no legal reasoning for me to be there. And it was a prior charges. It was a possession. I got caught with, like, fibles in Texas, and they charge you with a felony for it. Okay. Probably not as much anymore since you've got shops everywhere.

No, still. As long as it's... They probably just don't catch you. If you're outside of Travis County, it's a much bigger, bigger ordeal, which is what happened, I got caught. You're going to say. There's just shops everywhere. Even though it's not legal. Yeah.

Okay, okay, go on, go on. So, yeah, when we broke up and things shifted, like my whole life got turned upside down. And I just went into it. Just a couple months ago? Yeah. We broke up. And you have a girlfriend already? A new pair of flaps.

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We broke up in September. I met my current girlfriend like a month ago. Why'd you drop out of high school? I got in trouble as a juvenile as well. Oh, who would have thought? What'd you do? I broke into my high school and I destroyed everything inside of it. Everything? Everything?

Is this on the news? It was a really small town in West Texas. Like really tiny school. Like the elementary... Why'd you destroy everything? That place was terrible, dude. Like it's very old school. I was like corporal punished.

Yeah, I got like swats and my principal. And like, it was bad. Like not, not cool. And I held a grudge for that shit. So when I got old enough, I like took. How old are you? How old am I now? How old were you?

When I did it, I was 16. So you got expelled? Yeah. And then they wanted me to go to like an alternative school. Yeah, to the fuck up school. Wasn't going to go. So I just dropped out. Well, he definitely sometimes fails to society.

for people like you and just kind of leave you hanging. But you also made the choice to go in there. I did. And you made the choice to drop out. I wish you just had someone in your corner. What was the family situation? Your parents? They're there.

Okay. They didn't do it. Oh, you're under my roof. No, I moved out of the house as soon as I was 16. They can't control that. And they found out what was you through, like, cameras? No. I was in a high-speed pursuit that ended up in me wrecking my vehicle.

So they called the cops because of an alarm system? No, there was no alarms or cameras at the school. We ended up doing B&Es on vehicles. What the fuck is it being? Breaking and entering. You were smashing cars? We? Who's we?

You did this. Me and my accomplice. Was he expelled as well? Yeah. Or is he a fuck up? No, not anymore. He's actually in a really good spot in life. What's he doing?

He's working at a rehab facility. He lives in North Austin. You want to consider maybe not being the second half that failed? Yeah, ideally. But this shit keeps happening, dude. Well, yeah, now you're in a cycle, man. You're in a cycle where it's just like, almost might make just sense to fucking bankruptcy this.

Not because the debt's substantial, but just to wipe the slate clean. My parents have filed for bankruptcy twice. Yeah. And so you're continuing that cycle, too. It's just, that's the, if we did boring titles, it'd be continuing the cycle of poverty. When I said, it's going to be something goony like, who f*** that to? So that's going to probably go to collections. Repo man's been looking around, hasn't found everything.

And it's in literal pieces. Yeah, I can't go look at it. $9,889.8. and why did you take it into pieces? So it wouldn't be found. So you did this intentionally. Yeah. Can you reassemble?

I can. Okay. So when they're off your back, you're going to be like, all right, motorcycle's new again. Yeah, pretty much. That's crazy. What is the minimum fee payment to get back on track? I think $1,400.

If you've seen this show, you already know what bad financial decisions look like. Death, debt, overspending, and constant to keep. runs. But here's the deal. Ignoring your mental health, that's just as dangerous. It piles up like unpaid credit card interests and trust me it'll cost you down the line. That's why you need to tackle it early, just like your finances. And today's sponsor, Sondermind, makes it simple. Sondermind is your all-in-one mental health partner. They connect you with licensed therapist or psychiatrist tailored to your needs. And you want more control? You can browse their directory and choose your own provider.

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or at the link in the description below to get started today and make your 2025 your year of mental wellness. Reminder, better mental health can lead to better decisions and better decisions definitely lead to better finances. So head to the link below and check out Sondermind today. Not minimum monthly. That can't be. That has to be your back payment.

281? Come on over 281. Chapter 1, Otto, we did look at that. Okay, so yeah, that credit card. You said that went to collections? Yeah. Well, why was I able to see it in your credit, though? Oh, that was a different.

That wasn't a Capital One debt. There's another one through FNBO. Pull it up! Yay, my God! When I woke up, I was not expecting this, man. You know, we literally sat in the room before this, and we said there's not that many documents. The conversation might be kind of short.

We haven't gotten to your spending yet, and it's over an hour. That's not something to be proud of necessary. Balance. What is this called? What is this credit card of car called? FNBO. I got it through a Northern Tool, the tool company. Is it a tool debt?

Yes. Ficking the infinites these stones are being collected, man. You're doing them all. You're doing a fucking IRS, no insurance? Jail, you out of jail, that's a new one. You collected a new stone no one's ever done. Awesome. High school dropout.

That's a new one too. Okay. So, oh, oh, oh, I'm gonna buy $450, man. Dude, I'm gonna connect you. If you're, because you actually seem like a pleasant person. I just feel like, but why do you keep committing crimes though? Because that isn't, like, listen, like, listen, I, I was, piece of shit. I've done lots of piece of things. I did so many dumb things when I was young,

just like you did. A different, different kind of scale and whatever. But even still, we all make dumb mistakes, but guess what? I've corrected it. I've matured. I've learned. I've grown. If I was still doing that a month ago, like you getting arrested. So like, if I do connect you with these resources, like I morally want to, I internally and emotionally want to because you seem pleasant in front of me, what is to suggest five years ago? You're not doing what you've been doing to the last decade and two years. Um, well, I was like you have a fucking kid and that pisses me off. That you're doing this shit with the kid.

It's not funny anymore when a kid's impacted. I, uh, I struggle with like alcoholism. And then I was sober for like three years. And then drink the other, literally the one time that I drank. Because the breakup. Have you drank since then? No.

Do you go to group? I do. Okay. Okay. Good. You wait. Okay. The minimum payment is 667.

Probably because it's backed up. the last payment he made is 2779 I don't even know what the that is it's a charred it's accruing $43 why

why did you take this out man $43 of interest and $40 of fees on a monthly basis it was like two years ago I haven't paid it like in a while bankruptcy man

might just be a fresh tariff view I hate it I commending it because one, it's expensive. I don't know. You borrowed a fucking pay for it, just like you did as you're a lawyer. Total fees this year so far almost 400 bucks and 450 dollars in interest. Guy, guy, guy. I don't even know. It's too, man. But again, the behavior that everyone was about to see at the end of this is so crazy through your spending, where it's like bankruptcy is not going to be the fix of your

situation. You were going to end up right back here again. You and your legals, you and your spending. It's like you do this constantly. So, okay, well, what about this capital one credit card? It also hasn't been paid in a very long time. You said that one's in collections? I believe so. Well, let's see. He doesn't even know because on your credit, it doesn't say that it is unless there's another capital one.

Oh, no. Oh, yeah, there's two things in collections, 440 and 124. This is, I honestly don't know why this is showing. I know that I owe more money than this. Yeah, that's what your credit should as well. Maybe you don't. Just take the win, man. Okay.

He owes $30,000. He owes $300.000. He's, he'll pay that now. Yeah, it used to be higher. I don't understand what happened. And, yeah, those two collections that we talked about. What is this? What is this?

What is this? An energy bill for $192 that you haven't paid either? Trying to get your energy shut off? I didn't even know that I had an energy bill over that. That has to be on an old address because currently where I'm at, it's not my name. Are you paying it? That one? Your current one.

Oh, yes. It's split between me and the roommates. How many roommates do you have with this cheap rent? It's me. Choice hotels get you more of what you value. Comfort in. It's calling your name. Save on the stay.

Oh, and free waffles are yours to claim. We'll direct at storeshilltails.com. He, my buddy, his wife, and their two kids. Is your kid with you? I'm sorry? Is your kid with you? I split custody with her mom. mom. Her mom's here? No, she's in Louisiana. I do a lot of traveling.

I think I think there's important things to be learned from this conversation. I really do. I don't think I'm equipped for the magnitude of this because so much of this just has to do with your life and addiction and endless behavior. I need you to do those therapy sessions immediately. And yeah, sit down with the domain advisor as well. You guys get a free session for the domain people. But, I mean, that's how we do our partnerships, by the way, guys. Whenever we do things like this, it's like, hey, they're interested in, like, setting you guys up with stuff. But I'm like, if we're going to do a partnership, the guests get a free one as well. So we do that so that you get the opportunity to.

So take advantage of that free financial advising session. Get these people in your corner, man, because I think this one is beyond me. I really do. This is so hard. And your behaviors, like, oh, no, there's not even... I'm a sweet guy. I just put myself in situations. You seem pleasant, but you just make so many mistakes,

and you're uncontrolled and you're heading in this, I don't know, you're headed down this really dangerous path, really dangerous path that you've been, that you've started at 16. And it's not going to get better. It's not going to get better until something dramatically changes. And I think bankruptcy could be a potential solution, but I want you to sit down with the financial advisors first and need you to see a mental health specialist.

And again, we'll provide that. Okay. Yeah. Stopped. And what are you getting from 7-Eleven and QT and all this stuff constantly? Um, Kratum. And stuff even is that sounds like a Superman villain. It's like a new tropic.

It's like a caffeine replacement. I don't even know what that is. So it's a, it's up? It's an upper? Yeah. Wait. Is that one of those things that people take instead of, Adderall?

Possibly. It comes in like a, I take like these. They're called feel free. They're like these little drinks that you can buy. But you buy it at the gas station? Yeah, you might not be. So it's legal. Crotum?

Cratum. Oh, Cratum? Yeah. You can ODR. Well, you can OD on anything. Um, K. K.R. ATO.

I'm going to do a little learning for us, us innocent people out there. It's a herbal substance derived from the leaves of the something, something, something tree. Southeast Asia, Thailand. You know, all the. Everything fun comes from Thailand. Okay. So stimulant For increased energy,

alertness, social ability, high doses give you relaxation, pain relief, and euphoria. Do you do the high doses? I do low doses. I have like terrible social anxiety.

So like for me to be able to go to work and talk to people, I feel like it's necessary. I'm sure you have a lot going on up there, which is okay. You just need to see someone. Okay. So you're just getting creative every time?

Pretty much every, every time I stop at the gas station on the way to work. Okay. And then like maybe once throughout the day, there's a smoke shop next to the tattoo shop. Yeah, what do you get at the smoke shop? I like pre-rolls and crate them and stuff like that's a pre-roll. It's like the little CBD joints that they sell there. They're like pre-rolled and like a. Okay, cratum, cratum, van moan out four bucks.

Pre-roll. I think cratum and cratum. Food, going out to eat. Going up to eat, I think. Pre-roll, Kratum, Venet out $120, Vendom not $65 bucks. Restaurant and Restaurant, Taste of India.

Uber eats. You can't fucking Uber eats, dude. Come on. Wait a minute. How are you getting back and forth between, because you said the truck has gone and the Harvey is torn apart. What are you doing?

I'm running a vehicle for my mom. Good for that. Inc currently, how he's been driving me here. Kratem. Pre-roll. Pre-roll, pre-roll. Kratem, Jim Jims, Lone Star souvenir,

Lone Star souvenir, Lone Star souvenir, Lone Star souvenir. That's the, like, bodega across from us. I go there and, like, buy my food during the daytime. Okay, okay. Kratem, Cratum, Apple Bill, Aaron's Rock, pre-roll, food, food, Lone Star, Lone Star,

Venmo out, Von Ma, Hilton, Starbucks. Come on, make some fucking coffee, dude. You're borrowing to pay a lawyer soon, go to jail. I don't think we're getting Starbucks or Uber f***in eats. Cool beans. Probably crate them. Probably crate them. Food, Netflix. Uber eats. Kill me now. Cratum, crate them. Probably. I don't even know.

Food. Poco loco. Poco loco. Poco loco. Poco Loco. Poco rips, dude. You ever been? No! The f***es the Poco Loco. It's like a Mexican, like, grocery, like convenience store. Dude, it's so sick. but you just buy food.

You don't get the groceries. I don't. You get the convenience. Uh, pre-roll. Oh my fucking me. Oh, this is so many pages. Am I really doing all of this? Unfortunately, we know how this is ending.

It's one of the rare times or it's not, it's not, I'm angry. I'm not going to do your shit or anything like that. It's just like this is beyond us, man. This is beyond, not beyond our resources, but beyond this conversation. pre-roll Uber Eats Pococ! I wasn't trying to do an accent, was I? It's okay, I'm Mexican, I approve.

Was I? I do Pocoloco. No, what's that? What is that? Pocoloco. I don't think that's an accent. I think I'm not getting canceled there now. Yeah.

Okay, I got a pass anyway. It doesn't make it better. Like, what was I doing? Okay. Uber eats. That's okay. You know, we canceled these days anyway. We've separated from the fucking.

Pearl clutches of this world. No one listens to them anymore. Uh, 7-11. Uh, oh yeah. Okay, create them, create them. Cool beans. That's the coffee shop in front of the motorcycle shop. Brew fucking coffee.

Okay. Pre-roll McDonald's. Polco loco. Go work at Poco Fico! Uh-huh. Pre-roll. Poco loco. Createm.

Then went out $10. What do you eat? You Venmo have so much money. What do you venmo now? Some of the Venmo transactions are to the coffee shop. Some of them are for like homies if they go get us food and I like owe them for the lunch. What? Okay.

Split custody. So your, your daughter, you take her to Pocococo every second? No. How does she eat at home? What does she eat when she's at home? You're not cooking for her? So usually since she lives and like goes to school in Louisiana, like two or three weekends out of the month, I will travel there and like get an Airbnb if I don't like.

And how is food eaten? I buy groceries for my visitations. And then when she's here during the summertime, I go grocery shopping. Okay, listen, here's the thing, man. It's just purchase. It's purchased. Here, look at all that. Guess what?

Here's another page of it. It's all, and it's all poca. Fico fucking loco. Loansar souvenir poca. Fcumco. PlayStation and smoke it and cratom and vetmoining. Oh. And guess what, guys?

We have another page. What is this page? It's crazy man. He's literally borrowing P-Day loans in order to pay off other loans In order to pay his lawyer In order to not go to jail. And it's his Uber Eats and Sharks Burger

And White Cloud Smoke Poco Fico And then a thousand other fucking stupid purchases. There's no point. This is Guico. There's four more fucking pages And it's the same five places over and over again. It is Cratum. It is Pocan.

Go fucking loco. It is getting pre-rolls, then moving out, and then some extra bulls. Uber Eats Burger King, Apple Bill. Who the f*** knows? Who knows? This is all . And guess what, guys? Will you be shocked? Will you be shocked? Will you be shocked? Here's another page. Look, it's all bull and everything in orange is balls. Boles. Bulls. Bulls. Bulls. New ones, Zalkicks. Dude, I don't even know where some of them. There will be times where I'll wake up, I'll go to sleep with money in my account, and I'll wake up with it being over time. Shut the fuck up.

Shut the fuck up. This isn't even... What do you mean? You go out to eat five times a day. You stop somewhere five times a day. No statement is ever this long. No statement is ever this long. No statement is this long.

No statement is this long. Look at this as the time's on here. He had a bad time during this. He really needed those roll-ups. Fucking... Just on this page alone. One, two, three, four, five, six, seven. Seven of the smoke shot.

Lone Star souvenir went one, two, three, four, five, six. Six times on there. I'm not seeing any polko loco, but I'm seeing Marlestone retail, one, two. No, no, no, no, no, no, no, no, Polko, make it comeback two times at the end. At least I'm consistent.

Consistently, you're destroying your entire life and you're a father of a kid, so it's not cute. More, bullshit. The thing is, I hate to do this. But I know you came here for good reasons and everything and I really too appreciate it. Well, this is the thing. They are texting me.

We need a budget, please. And I, sometimes when I don't do a budget, it's because I don't want to do a budget because that person's pissing me off. But I am trying to think about your situation. The fact is, I can't put in your budget what's required because you don't have things like car insurance. You're skipping things. I can't accurately build you a budget because you don't even have the things to make up a budget. Because you're not making the payments and you're not existing in society. You don't have the things to make a budget.

And that's again why I want to connect you with those resources. Because without having the basic things, you can't have a budget. It's as simple as that your budget list right now. There is no point. Your budget would be fake. You would have a fake budget because it's not accurate. It's not true. It's not real.

But here are the basic tenants I want you to follow, okay? This would essentially be what I'm telling you if we did make a budget. One just, you know, we're going to cut back your food spending the $300 a month. Meal prep a couple times a week. It is worth it. It is worth it. Your rent is already in a good place. Your utilities are probably pretty chill with them.

Utilize that situation and start getting ahead, bring in some extra money by at least getting rid of that second job and going to work in a different second job. man, when that actually pays you at least above $15 an hour, which is not hard in Austin. We have to budget in this travel. You say you travel once a month to see her? Once or twice a month. How expensive is that? An Airbnb for those two days is usually like $2 to $300 and then gas to get out there is like $100. Okay.

So that essentially get without insurance, right? Right. You're driving without insurance. So you need to. Usually I don't have insurance on my vehicle, which has been recently, I'll travel up there with like my parents, like my dad will go with me. and they'll drive just make sure things are kosher. That's legal to do it as long as they've given you permission in the state of Texas. And you know for a fact she insures it.

Okay. Yeah. So we have to budget that in. That essentially brings you to like no more rent. If we include the rent that is in there. The last couple of months I haven't had to pay this. Are you sure her policy, though? Because her policy could have exclusions where you might need to be on it, listed on the policy.

It depends on the policy sometimes. State of Texas, it's okay because the insurance follows the car. you, but I think I'm okay. I don't think that they would allow me to drive their vehicle if they weren't like. They've declared bank trust straight two times. I'm not, they're not the most responsible people. I was saying they're bad people. They're just not most responsible. Okay, so you have to factor that into your budget as well. And honestly, to escape the cycle, the bankruptcy might be the path out and talking to an attorney there that might be connected through your attorney might be, you know, something important. So that might get you out of the cycle. But then you have to change your

behavior by following the strict budget. Go through the education. Go through the education. Go the class, take the quizzes. If you follow a budget post-bankruptcy, not taking out debt, you're going to have to stay where you are a bit longer until your credit at least builds enough to where even with the bankruptcy on there, you can get accepted into a new

place. What does bankruptcy consist of? What will that cause? I don't even know how the process works. Definitely costs a few thousand dollars, mostly the legal process itself. And then you, I'm a little curious about the, without them being able to get hands on the bike, you being able to get rid of that fully,

the attorney would definitely know for sure, but you don't have a debt that you can't get rid of through bankruptcy. But you would have to get rid of the items themselves, like the vehicles, in your case, for what I think you're trying to do. So sit down with those experts. I think that's the best path, and then follow a budget. Once you get your regular payments and everything in order, come back on the Financial Audit Follow-up channel. We can make you a budget for what I I think works. But just right now, you just don't have the ability to make a real budget. You really don't. You just have to get some of the basics under control first. So, okay. You gave yourself a Hammer Financial Score, too. I'm pretty sure it's at zero, but we'll find out. Guys, make sure to

join us in the post show. We're going to bring his girlfriend in, and we're going to talk to her about this entire situation. We're going to confront her on that. And, well, for what it's worth, I didn't even get the budget page, so I couldn't have built it anyway. But, I, Uh-huh. And, yeah, the poach will be good. Make sure to join the elite version for the best value of your dollar. There's a call-in show where you can talk to us and a lot of other things. Member streams, all that good stuff.

Hammer Financial Scraming, it's zero out of time. It's as easy as that. There's really nothing going for. There's no savings. There's no nothing. Everything's bad. So we'll see you guys in the post show. I hope you enjoyed this one.

It was a hard one. Fairly, we didn't even go through it in the main show because it's going to all the purchases, didn't catch it. I buy Ugi-Gio and Magic with the Gathering cards. Yugi-O and Matt. Are you fucking fucking too? 2998 buddy magic the gathering met $1,138

the kid fuck paying the lawyer not going to jail I'm spending on magic the gathering To watch the financial audit post show Click the join button below