Financial Audit - Frustrated Incel Desperate To Buy Women | Financial Audit

Episode Date: November 20, 2024

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You were trying to f- yeah. You're not even paying you to do that. on time. When in Rome. I like going to like very high in bars. I like high in things. Well, high and f***. Well, that would be

nice, right? But it doesn't know. Why help all this if you're not paying off awkward? You shouldn't have any day. You shouldn't be the dumbest motherfucker in the world. Hi, my name is Wesley. I'm 22 years old from San Antonio, Texas,

and this is financial audit. You look like you're in the military. You in the military? No. I feel like I see just like an AR 15 written all over you. Okay. What do you do for a living?

Thanks for coming from San Antonio, by the way. Yeah, thank you for having me. I am a consultant with kind of online media. Okay. What do you make with that? Yearly around 120, but it's variable. It's variable. Oh, but are you saying that's average?

Average, yeah. That's a delicious average. 120,000 hours a year. That's wonderful. I don't know why it would be in the problems we're into today with 120,000 hours a year. I'll just say that, but that's a classic situation. Lifestyle inflation probably will see. How do you've been doing this job?

Since high school, probably, since I've been 16. Really? Yeah. Consulting? What do you do? So mainly with like YouTubers and Twitchrimers and businesses. What? Yep.

So what would you do for me? Okay. So your second channel definitely needs optimization. Which one? The one, this week in money. Okay. Probably with topics collection and packaging. Also, I could almost guarantee that you're not doing anything right now that's going to

to increase your RPM. So we could maybe talk about that off the podcast and how to get you 30% more revenue with like a 30 second change. Why are you consulting in that? Why am I consulting? Where's your... I'm just like, why are you the... Consultant? Resource on that.

I have a decent amount of experience. What? So I have like, let's say six years of experience, scaling channels. So I work with creators from your subs. I've helped them get 200,000. So you're one of those people that spams emails my inbox and I delete every day. No, actually I don't do any outreach.

People do it inbound for me. Really? What, do you have a big following? Something like that. Decently? Okay. Okay. Interesting. Hmm. Well, maybe we'll save some of that for the end.

I'm curious to see what you think about that. Our RPM's incredible on the second channel, but... Could be better. Probably could be better. I guess it could always be better. All right. Cool. So $120,000 a year.

How is this variable? So this is per client, then I'm assuming. Yeah. So it depends. I have commissions and then I also have bonuses. So commissions are from clients that I sign. I get a percentage of that. Okay.

So this is for a company then. Yeah. So it's not just you on your own. No, it's not me on my own. Do they come to the company to get to you? Do they come to you? They come to me directly. Why would you be for a company then?

Why not take 100% of the pie? That's funny that you ask that. I could make more if I was by myself 100%. If I walked away from my company right now, I could probably be making $20,000. You're excited. You have Ben Shapiro talk. You're like, you're going to get a company, good to go. I talk fast.

Okay. Yeah, I could make more and I've kind of toyed with that in my head. But the thing is I really enjoy working with the people I work with. And it's fun, right? The tax? Oh, 100%. Yeah. How much is that tax?

I get, let's say, less than 50% of the revenue I bring in from clients. And that's worth it? And that's worth it to? Oh, absolutely, yeah. Because I mean, friends, but it's also experiences, right? So I got flown out to Montreal at one point earlier this year. Yeah, but if you were making $250,000 a year, I think you could fly to Montreal. Yeah, but it's a little bit more complicated than that.

It's fun. There's also a security aspect to it, right? So by working with the company, I get a flat salary, which is nice. And also I get a team I can work with So like let's say we have Make less but you have security Yeah and in addition to that Like let's say that I have 50 clients

I don't have enough time in the day To work with 50 clients But I have people I work with Where we can be collaborative on certain projects Or I'm like okay this client came to me I can close the deal Who are you doing with? There can not be enough creators

That make enough money to actually afford this I feel like you're probably getting Pretty small creators that are probably not So the average crater I'm working with right now Is probably north of 500,000 subscribers Or I work with entrepreneurs and I help them build up for YouTube. You can have a lot of subscribers.

That doesn't mean you have a lot of revenue necessarily. So I'm very interested in. They make good revenue. I can promise. Then why are they coming to you? Because they want to make more revenue. So imagine you pay me a set amount a month or you pay my company a set amount a month. And then I can help you go from...

It's a subscription? It's a monthly retainer. Uh-huh. But if you pay, like, let's say a few thousand dollars and I can get you twice as much as you're making now, it's worth there. Okay. Okay. So you make good money. Does you do good work? Yes. Good.

What is going on? So why are we having a conversation? Why are you, why am I consulting you? So I'm good at what I do. I'm good at making money for other people and for myself, but I also love spending money. So it's kind of a bit of an issue. Lifestyle inflation, maybe. But also like just kind of like practical things where it's like I'm 22 and don't have a full

frontal lobe developed yet probably when it comes to spending money. Oh, don't be a little. I mean, you're probably 99. It's not like all of a sudden you hit 25 and all of a sudden it's like, I don't walk. That's not how it works. People treat it like that. I don't know how to say it.

Everyone's correcting me of how I say that word. But it's just like, don't you treat yourself like a baby. You're 22. You're fine. You're four years into adulthood. Stop trying to treat yourself like a child. It annoys the shit out of me.

Like, yeah, I know it's not fully developed. And you probably have like 2% to go. That doesn't mean it's just like, it's not like taking the pill from that movie with, you know, whatever, where he unlocks his brain, limitless. It's not that.

So what? That. Okay. Yeah. So I mean, I don't think that's why you're in debt. It's hard to explain. So I don't really know why. I'd imagine it's somewhat lifestyle inflation. I think it's also a big part is like, you know, I was watching a bunch of financial YouTubers when I was younger. They're like, get credit cards. Build credit. Oh, well, yeah. I mean, that's usually good advice. If you do it disciplined. Yeah, I was doing it disciplined. But then it kind of got crazy because I started making it. What was? Because you're only 22. It's not like you had a ton of time to do this.

Yeah. probably like when I was like 21 maybe last year ago yeah year ago it got really bad okay yeah so okay I guess we can when we dive into it maybe so you're blaming on watching those financial YouTube no I wouldn't say that but I do think like having unlike fettered access to like all of these like lines of credit and like why aren't you managing it correctly why'd you manage it correctly for three years and then not I did manage it correctly um but like you know I have some I have some expensive taste and hobbies and okay your next little red right here Yeah.

Yeah. So I don't know. I was on vacation in like Miami and then I got this. Don't know what's going on there. We're all going to get AIDS in here or something? I hope not. I don't want to. Okay. I think you'll be fine. Just don't touch the neck.

All right. No. We're not neck touching. All right. So okay. Again, why were you so disciplined and then we went to undisciplined? Yeah. So I had like all these lines of credit and then I had like relatively expensive hobbies.

So it was one of those things where I was making a decent amount of money where I was like, oh, I'm basically the way I'm basically the way I was. I kind of rationalized it was I'm borrowing for my future self where it's like I can maybe buy something I can't technically afford, but by next month I'll pay it off. Okay. Which obviously becomes just an unsustainable path. Because next month you want something and then it just compounds on that or you pay for that instead of paying off what you're already gone. Yep.

That's exactly pretty much. Dude, you seem relatively reasonable. I'm relatively reasonable, but I have some- I don't purchases. I understand why this is an issue. You know this. Sometimes I deal with these situations. You sound okay.

You sound like you know what's happening in your life. Then why the fuck isn't happening? Why not stop? Why not budget? Why not be an adult? It's difficult, right? Because I'm so young and I'm making a decent amount. Who cares?

And I can just spend it on like anything. You can spend it on anything at any age. Yeah. Money coming in. Again, that's not something that unlocks 25 years old. Oh, I'm not spending my money anymore. I'm 25. That's a behavior throughout life.

Come on, the vast majority of the people that come on the show, you know, maybe they're in their 30s or 40s or 50s. these when they come on. And they're still spending the dumb money. Don't think that just because you're young, that makes it the reason why, if you, if the reason, if you're doing it now, likely your behavior is going to continue. It's not just because you're young. That's what I'm hoping we can solve right now on the show. Sure, but why haven't you? Because you know what you do. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know why I keep doing it. Like I probably should

pay off all my stuff and I should save. But I don't. I just spend it on dumb shit. Like I've spent so much money this week alone. Yeah, but you get that. So why not make a budget, see what the dumb was, and then not do it? Because I just know I'm going to make more money next month or the same. Okay. Okay. How much you think came in from this most recent month? This most recent month? Yep. Came in. We had payroll and then likely commission. Yep. So how much? Probably anywhere between 8,500 and 10-5, I think? Closer to about 10. Okay.

How much you think you spent? Oh, how much I spent? I'm going to say 78. 87. Oh, unlike most people that come on, you didn't spend at what you make. You didn't spend more than what you made. You spent less than you made. Yet, on here are a lot of credit card balance increases,

but then a couple credit cards that were also paid off. So I'm confused. There's like a couple cards. I think, if I'm not mistaken, Two cards in here that look like maybe managed correctly. Yep. And then three cards that are stupid. So why?

I don't get it. Why be okay on some and then ruin the rest? It really doesn't work. Yeah. So like for me, I know like I got paid off. I can't like it's maybe it's I don't know. So the way I look at it is like if I can't pay it off in full like at once, it's just like I'll just like defer it later. Or I'll make like progress to growing interest.

Yes. I know. But that's just how I do. Again, here's this another thing. You know, so. Yeah, I think it's just, you know, I like to keep like, let's say kind of those two cards, like free. And then like I'll make payments for the other ones. But then maybe I'll use them for certain things because I have like, let's say like certain like benefits, right?

Like in terms of percent back on like flights, et cetera, food. But yeah, it's one of those things where it's like I basically really fucked up with like the Apple card and technically the chase card where it's like I spent all this money. And like, I'll pay it off later. And now it's like that just become like the default. It's like, oh, pay it off later. And I just keep pushing it back. And I just pay off like the minimum and then some. And then I grew more.

But you know this guys, this is this is what's fucking. You know, you're talking logically. You know your situation. Most people that come on the show don't know the situation. And I go through and explain how bad it is. And I make sure I give them a level of like freak out that well defines how bad it is because they don't think it's that bad. You just explained your situation. You know where you are.

And you're not an idiot. You know what it takes to get out. of it. So I really don't understand why the we're talking and you're not just being an adult. I really don't. And you're probably going to say, well, because I'll explain it and I can't stop and I can't figure it out. But you can't, because you've already explained it multiple times.

So I'm more confused than you. I think the biggest issue, maybe, maybe I'm wrong, is I don't know how bad it can get, right? And like right now how bad it can get? Yeah, so like right now this is like, this is like sustainable. And it's just like, I really actually don't know where the money's going.

I have ideas of like, okay, like, oh, yeah, I bought a TV, right? Like, that was like a grand. So I know where that went, but it's like, why the fuck did I do that? And it's also like, why don't you budgets? How about that? Why don't you budget? Okay, why I don't budget is because I don't know. But why I don't budget is I know I'm going to get money coming in.

So as long as like I keep getting money coming in, I can just keep like constantly rolling over. Your entire life is the kick the can down the road. That's just what you are. Yep. It does seem like that. And I like it not to be that anymore. because I like to get money in my bank account and not have it disappear in front of me over the course of a month. Like I got paid like some of all a decent amount of money.

There it is again. There it is again. This is, I don't know what I'm doing with right now. This is, you want that. I would, but I, for some way, I can't get it. Yeah. Not for some reason you know if you budgeted, you would. What do you mean for some reason?

You know the reason. You know your solution, but you're not. And then you immediately try to blame, well, my friend the lobes now. developed. Yeah, I think it's just habitual at this point, which is why, like, maybe I don't know how, like, the best way to go about paying things off is, and that's kind of where I'm at. It also could be a situation where, like, let's say, I know I'm going to have money coming in, but, like, what the fuck happens when I don't? So, yeah, that's, that's kind of where I'm at. And, you know, I, I know I spend money on, like, things that I shouldn't, but, like, why?

So that's, that's kind of where things are. Okay. Chopperon, if you're seeing this episode, because your cousin's on it right now. I promise I'm not that mean. I want to meet you someday. I'm your biggest fan. Please avoid him. Why?

Hey, why? You seem lovely. Your sister's, your, what? Your cousin's a chapel. He doesn't want me to meet you, but I want to meet you. Don't listen to them. He's someone who knows his finances, but yeah, it's still stupid with them for some reason.

It doesn't really make any sense. I'm a little confused. Where do you think you are in the world of finances? Zero to ten, zero being the absolute worst. 10 being the absolute best. Oh, probably like a two or three. Okay. Yep.

Okay. If you want your Hammer Financial score, it's free, link in the description below. If you want to come on the show, come on the show. Calebhammer.com slash apply. We'd be happy to see everyone's application, and the application's been much more streamlined and super easy. So just check it out. And we'll have you down in Austin, Texas. I want to give you free money right now.

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deposit and into your Moomu account. This is the best way to learn what your investment. 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. All right. Chase Sink. Yep. What?

No, I, we can get into it. It's gonna get rough, I think. So, why? Okay, so at one point, I ran my own agency before working at the one I have. Okay. Okay. So in order to do that, I had to pay editors. I did like a done for you service.

And I just accrued a massive balance because I was paying everything on credit. I was getting the chase points. And then I used those for flights and things like that. No, no, no, sure. But what about the income coming in? Why not pay it off? Because I want to pay off the consumer because this is tied to my business, not my personal. So it makes more sense.

When did you have this? When did you have this agency that you owned? Last year. How many two years? How many have you been with this company? This company. I've been with this company that I work with now for... How much were you making it?

It's your agency. Around the same, maybe a little bit less. And then how much are you spending? Probably more. You said you could make double what you're making now if you weren't working for this current agency. But is that true? Because when you did this on your own, you weren't. So different offer.

When I did it on my own, I had done for you service. So I was doing everything from like all processes. So I had editors. I had thumbnail designers, et cetera. So I had pay those guys. And those guys are relatively expensive, which eats into kind of like my income. So like I was making probably more, but I was taking home less. So the company was making more in revenue, but not in terms of profit.

Okay. So I make more now for sure. Like my take it was more. So you had consumer debt at that time? No, I did not. Then this doesn't make any sense because I just said the money that you bring in from that company after you paid past on your employees that were already doing things or whatever you were paying this on. You said you put the business expense essentially on this.

With the money that comes in, why didn't you pay off the card then? You said, well, because I'm prioritizing consumer debt. No, you're not. I'm talking about back then. Back then you had the money coming in. Yes. So I did. here's what happened. The way I

had it structured is in order to get certain editors and certain things, what I had to do is I had to get them from other people. They were working with other, let's say, traders and agencies, and I needed them on my own. So what I did is I offered them more money guaranteed. So I'd be like, hey, I will pay for you three months. Even if you have no work. If I can't get you any work, I'll pay that. Why would you do this? Because I needed the talent

and that time I had some really good talent. And then when it ended up happening is unfortunately things fell apart with one of my clients. That client had referred me three or four clients himself. So really, really useful in that case. But because things fell through with that client. Yeah.

You put yourself in an unsustainable risky situation for no reason. All of his friends left with him. And I still had to pay all these editors. The only time you ever do something like that is if you will at least have a year emergency fund to fund the business. Because you can't, it can't be a month-a-month thing. I mean,

it can be. It's just incredibly risky. And then we say, what happens when that risk happens. Yeah. And your risk happened. Yeah. Revenue went away and you owe the bills,

but you had no revenue. So you only had that one client? No. So that one client referred me three or four of his friends. Yeah. So you only had his little package, his group. Yes.

Why didn't you have anyone else? So I did. I had financial guys that were like getting into YouTube and gamers. The issue was the gamers is like they were paying like $500 a month. But that was like really like low lift. It was very easy for me to do. And that was like essentially pocket change. It was definitely not enough to cover like the dude thing.

Okay. How much were you paying them? The editors. Yeah. Yeah. The editors are getting paid roughly around $3,000 a month. Okay. Gosh, I wish mine did.

That sounds. Overseas talent. Nice. But overseas drawback. Okay. Yes. Yeah. Absolutely.

but how many? So I had two so that was like roughly $6,000 a month and then I had $2,000 designers and those were about $1,500 a month apiece

but I would kind of alternate those those guys weren't on the You couldn't find a way to get 8,000 hours a month with your business that you said was making just as much as your current job Yeah, so I was but once all those guys left

No, I know, but why weren't you like you scrambled to replace at that point? Yes, I did. And now even if that leaves you to a month of badness or you put it in on card, okay.

So the main issue is when he left, like, I was really targeting on those guys. So they were e-commerce guys, not drop-tripping, but, like, high-leverage guys were, like, big brands who wanted to get into the YouTube space. It basically became, like, very unsustainable for me to reach out to those individuals. So, oh, if I worked with, like, X, Y, Z, so-and-so, they could ask so-and-so, and then so-and-so would be like, oh, like, this guy f***ed up, Wesley f***ed up. Did you? I, okay, I did. That's why they left, because you did bad business. I did, because the editors I hired did, fell through. That's my fault.

Then why would you have those, why would you want to be, keeping those that are just running a pain. Because it was not an issue up until it was an issue one time. And that one time, f***ed everything. It was like a, it was like a really bad f*** up. Okay. Like two weeks late. So that had your money on this card? Yeah. So I, I would pay them money. Is that when the business went under and then you went to your job? So there was like a three or four month period of time where I basically had to live on credit cards. It's a lot. Unfortunately, just because I had no savings because I was running the business. I was like spending everything I made. Okay. My question then would be if this is a car.

we want to pay off, why are we possibly purchasing $293.98 cents? That is probably some stuff that is related to what I do now that I just put on. But why? This is a car that's accruing $100 in interest plus fees on a

monthly basis. Oh, I didn't know it was accruing fees. I just knew it would be like accruing interest. I had no. Why would you be okay with the accruing interest part anyway? Why would you want a 30% debt on the things you're purchasing for your business? The credit card points are probably like 1, 3, 4, 5%. Max? You're not getting any benefit from

this. So what's the point? You're making enough money paying from your chicken account. I should. It's just one of those things where I prioritize the ones that are personally tied to me. Because this one's tied to my business. So it's in my head, like probably less detrimental. If like I fail to pay it, I won't fail to pay it. I can keep the minimum up. But in the event. How's your business incorporated? So I work with a business. It's not my business. It is my boss. You said this is tied to your business or it's tied to their business. So this is tied to me personally and my business. I get paid through my business and I pay myself out. Yeah. What's your business? LLC? Yes. It's an

I'll also. Okay. Okay. But I just don't understand if you're trying to make progress in general. I understand maybe prioritizing the ones that you're defining as consumer debt versus this business, that okay. But why put more money on here? That's different. Yeah. That's still different than prioritizing. Yeah. So I generally use this to like things that are like personal business stuff, right? So like there's like mastermind. Sure, but why put it on a car that's accruing interest? I don't know. That's just how I haven't rationalized in my head. Chapel, I won't yell at you if you contact me. It's how you rationalize it in your head,

but it's costing your business more money. Why pay $100 a month fee? Essentially is how we can, no, no, no, it's how we can look at it. Oh, okay, okay, I see. Just to have this. Just to have this, the benefit of having this. $100 a month, would you do that for anything else? No, Jim, you'd do like $47 or something.

We're going to do $100 a month to have access to this. I probably would, depending on, like, what it is. I would 100% pay, like, a lot of money per month for certain access to things. Oh, certain things, yes, but something that provides a benefit like this? No. Yeah. The benefit of this is you're getting what, two, three, four percent?

Yeah. So no, you wouldn't. Not this. If it's something that gave you 50 percent, sure you'd spend 30 percent. That's a good point. But this isn't. I didn't realize it was like, it was, that's how it was, like spending $100. Do you not look at your accounts ever?

Again, you seem pretty damn reasonable. I don't really look at my accounts ever. I just kind of like. Why? Man. Why? What does this look like on a monthly basis? Like I know you explained it. We kind of have an answer of because money. I know money's coming to next one so I can just keep going. But why don't you, why have you never taken the time to just look? Even just like, look, open the app. I'll open the app and I'll look. I'm like, okay, so this is my balance. And I'm like, okay, so this is my balance. I do like the quick napkin math in my head. I'm like, I'm getting this much. I'll pay it off. But maybe I can just keep going and like to recurrent. You're not. So the napkin's not working. It works for something. You put $500 towards. it, but it's only gone down like $150. Yeah.

So it's not working. It is. Yeah. It is. Yeah. It's not napkin. No. Now, outside of the reason that you have already provided where, you know, money's

coming in. So. Mom, ma, ma, ma, ma, ma, ma, ma, ma, that's why. And don't look. Is there a reason you haven't sat down and made a budget, though? Because even when you ran your business, did you make a budget for your business? Yeah. I had that.

Okay. So why not for yourself? Um, it's just one of those things where it's like, the way I look at it is like, if I go like more in debt, maybe I'll work harder and make more money and then I'll just pay everything off, right? I'll just like force myself to make more money. And by the budget, like I feel like that won't be that. Like that won't be the case, right?

I feel like I won't have that drive to like work harder because then it's like, okay, well, if I just pay this every single month and like I'll pay this off eventually really. You don't have a drive for wealth. Your only driver is to potentially get out of a bad situation. You're only fear-based negative reinforcement. No. I love negative reinforcement, though.

Well, positive reinforcement's good as well. I like positive. There's less of a fear around here, I hope. I don't tell me, of being, like, fired for fucking up, but more of like, we like to have different bonus structures where people make money if videos perform well, if this happens, if this happens, you know. I like the positive reinforcement,

and it seems to have worked pretty well. Well, why scare yourself? You're not building wealth. Yep. Do I have a retirement account here? I don't remember seeing one. No, I do not. So what the fuck are you doing?

You're already giving up the best kid of your life for compound growth. You're not halfway through yet, but the amount of money, at your income scale that you could have by the time you or a retirement age would be, not even that, by retirement age would be substantial, substantial, substantial. I'm going to open this. I'm going to open up my investing app, Moomoo. I like them.

Let's just, I'm just going to, you could put, okay, what, so, whammer. Not 24, 24,000 hours. You could put 24,000 hours if we're putting 20% away. You could put 24,000 hours and in there for at least three months, Their thing when you sign up is you get like 8.5% on your money. Uninvested. You would have that if you were just setting 20% aside. But instead, you're spending money on a credit card that is a growing interest that has taken away 30%.

It doesn't make any sense at all. And then let's say we put it in the S&P 500 instead. It compounds. It compounds. Let's just pretend you're 120,000 for the rest of the year or for the rest of your life. Rest of your life forever, right? Okay, so that's $24,000. We're starting with zero.

zero but we're putting in 20,000, 24,000 hours a year. Let's call it a conservative, more conservative, 8%. 8% return in the stock market. So that's the overall stock market, even if S&P's 500 is more like 10%. Huh? Something like VLO. Yeah, it's closer to 10%. But does overall stock market history?

Okay. Okay, let's call it six. You're trying to get the 60. You're 22 years old. So you have 38 years. You're doing that every single year. that's compounding contributing once a year almost five and a half million bucks

but you're good yeah it's pretty good if you're doing it's no point if you're not doing it every year you put that off look I literally just take one year off of that damn it why do I have to close apps why am I an idiot who closes apps I'm a piece of shit I take it from 38 years

down to so you went from 5.2 million 38 years and I dink it down a year and you lose almost a half a million dollars. What the... Sorry, I moved to... Yeah, yeah, yeah, yeah, yeah. Because this is the time of compound. You have so much more time now between here and retirement to actually fucking compounded your money.

But you're not. You're not! Because you would just rather put more money on a card. We have the investor's kitchen. Yep. That's necessary for your business? Yes, I would say so. What?

What is it? So it is a mastermind group with like kind of like, Oh, for, like, you're the mastermind. So is this an endless circle jerk of masterminds? Everyone subscribe to the next mastermind? No, so this is. People subscribe to you. You subscribe to them.

There's just, not really. Less jerking hand motions. I doubt that. Yeah, so this is like from like a, let's say a contrarian guy in my space. And I find it really useful because he has like a really lot of like deep, deep, deep data that he kind of like. And you give him a lot of deep, deep, deep money. Yeah, I do. Because the data is really useful for me.

And it also helps because I'm part of his community. I can see what other people are saying. Why is it your business paying for this then? They probably could. I could ask them. Dude, you're spending money you don't have. That's the thing. Bossman.

Can you cover that? I'm asking the boss man if you watch this. Is he watching? Oh, I hope so. X.com, you pay 20 bucks a month? Yeah, so that's a premium subscription for X. That's how much of cost? Yeah.

It helps boost my, like, tweets and whatnot. I know what it does. I just can't believe it's 20 bucks. Lume, isn't it? What's loom? So loom is I can just, press a button and I can record like a meeting. So instead of doing meetings, I can do async so I can record like, hey, what's up guys?

Can you please do this and this and this and this task? And then I send it to them and they do it. And it just works way better because I can show visuals. 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 25% 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 you can show visuals. Yeah, so basically I'm recording a video for them

so they can watch it and have an understanding of what to do and why to do it. So it's useful for feedback. You can't screen record and... Email? Yeah, that's just painly. This is one button and then I can screen record is two buttons. Yeah, this is one button and then I just click send.

And then it sends it to them. And then it also just lives there. It's way more convenient. Okay, okay. Tweet Hunter? Yeah, so that's where I can... 50 bucks a month? Yeah, so that's where I can schedule tweets and I can also track certain accounts that

make tweets. So I can... 50 bucks a month, though? Yeah, but it makes me far more on the back end, probably. I hope so, but you're not really paying off this card. So if it was doing, if it was making more, technically be making more progress on this card. Making more progress

like consumer. You're just putting... No, you're not. There's a couple cards that you leave kind of net zero because you spend and then you pay them off. You're not making the progress on the other ones that are existing. Then PayPal you send out money and then epidemic sounds. Yeah, that makes sense for that. Again, 89 bucks of interest,

$620 of interest this year so far and $51 of fees. What was the fee that happened this year? There's a probably good chance that I might have just completely forgot to pay something. Why? Why is it not on auto? For sake, just for safety purposes. It's not an auto because I prefer doing it manually.

Well, it's not working so I don't get what you prefer? Didn't work one time? No, no, no, because again, no, because again, this month was $2.30 with this year's been $51. Oh, damn. Oh, damn. Yeah. So no. Yeah, the numbers that I said 30 seconds ago, yeah, they're still true.

Yeah. I guess I could put it on auto. Yeah. Like, yeah, I could. Then do it. I can do it right now. I'll do it after this episode. It's like the most basic thing you could do out of the gate, guy.

Well, your fee was actually a foreign transaction fee. Oh. And you might just be racking that stuff constantly. I don't know which one's foreign. Oh, that might be Investor's Kitchen. That's out of France. So really, just paying an extra like $51 a year. on that?

Yeah. It's useful for the knowledge. I get it. I mean, I'm not against investing in continued knowledge. I mean, I always tell people that course careers is good for like different certifications and you can take free courses and just there's lots of good stuff there. I recommend it. Just like I might recommend this for you. But I get a little nervous when I start seeing a lot of different subscriptions for a lot of different things that are meant to increase knowledge because a lot of people oversaturate themselves with stuff they'll never use in knowledge they don't use.

And not only that, there's also the other alternative. Now, I've worked with people like this in every single company where they have all the self-help stuff. They have all this stuff. And they literally always focus on consuming that and learning that instead of ever putting actual action into their life. The difference for this is like this is like 100% related to what I do with YouTube. So it's incredibly useful. And I go through it like consistently. Sure.

And I could go through like 10,000 YouTube classes. But unless I'm putting the action into it, that's all I'm saying. So I'm not necessarily against that. But when I start seeing all these different ones start combining together, that starts making me a little nervous. That's it. Just a little nervous. But it's not me saying I'm against that.

I am against that putting on that card because you're not paying off that card. And it's occurring $100 in interest a month, which is a stupid fee to pay to be able to pay for your different subscriptions. Yeah. Do you guys pay $100 a month just so you can pay for subscriptions, have the privilege of paying for subscriptions? Because that's what you're doing. I didn't realize it was that bad.

You know that's what you're doing, right? I thought it was like over the course of the year. It was like $100. I don't know. It was like I was paying that. Almost $600 this year so far. Wow. Yeah.

Yeah. Kind of. Yeah. That's like a month of rent. I would just rather you use like something like a FIS card, man. It's geared for your age anyway, but a debit card that builds, builds rewards and builds credit. Again, I don't know. You're just, you're not a credit card person.

You're not managing it correctly. You're just spending. on a card that's a green interest. It doesn't make any sense. It doesn't make any sense. It's okay. Apple card. Why do we have an Apple card?

Because it is so much money. Your balance is insane on this. Yeah. So before, before you say it, for the audience's sake, you owe $7,050 with a minimum monthly payment

of $447. Kill me now. I'm glad you make money because good death. Yeah. So I got the Apple card because I can't remember. I was watching a bunch

of financial YouTubers. I have like an iPhone. And I was like, they're like, oh, get the Apple card. I'm like, okay, cool. So I did that and like I had like,

like, let's say a like a low balance, maybe, uh, or amount. Um, and it was like, maybe $2,000.

Um, and then I never reached. I always paid off. And then as things like, got like more and like more and more. So I was able to like a $5,000 balance or like a more amount, right? A line of credit. And then a $7,000 line of credit.

Yeah. So I would end up like buying things. Like I bought this. You are, listen. I'll just cut you off. you are not a credit card person. You cannot be trusted with credit cards.

Because if a balance increasing or the available spending balance increases means you spend more money, then you are not, not someone that can manage credit cards. Because when I see my ability to spend golf, I'm like, yay, my credit score just went up because my availability of credit just went up and I'm excited. This is great. Someone thinks I'm good. You just use it. You're using it the wrong way.

You're using it against every single teaching. that you saw on the financial YouTube space when you started watching. Yeah. I'm guessing Graham was one of them. Yep, Graham, Andre. And he wouldn't advise what you did. Neither would Andre. I haven't really seen his stuff as much, but he wouldn't advise that.

He wouldn't advise that. All the others out there and even the auto space like, Rameter, Ruin, or just any of them. I don't know. Dave Ramsey, not a single person would advise. So you talk about how you watch them. How'd you go from watching them? to

No to that your Available spending Going up to you just using that spending Yeah so It's all lifestyle So like you know When I had like you know I know but you had the education

So why are you wearing two watches Oh so Who's ever worn two watches? Well hold on So I've got this one for my health Much like you do probably But that's stupid You got the like $500 million one

You didn't need that for your health You could have got the simple one I like tech Yeah there's another It's not just for health. Yeah. Well, it's nice. It's nice to have this.

Yeah, but you don't need the big one. You don't need the one for hikers. Well, yeah, so I had... You look like you haven't been outside of day in your life. Well, I mean, so do you. Because that's why I have a normal one. Okay. Well, I had a normal one, and I was going to the gym relatively frequently, and then it broke, and then I also stopped going to the gym.

But I got this one when I was going to the gym relatively frequently because I didn't need to break in the sauna. It has a higher heat rating. And it also, I can wear it. The sauna? Yeah, dude, sauna is awesome. You don't need to wear a watch on a damn place. Santa. Yeah, but it's just more

convenient to wear it. I can track my heart rate and then I can be like, okay. Yeah, that's worth going into that. Okay, and then you have to wear the other watch because the other one doesn't tell time. This one tells time. I just wear this one because it's more of an art piece

for me. Uh-huh. How much is that? So this cost $2,500. Oh, good fuck. Yeah. Which is... This is one of the watches, by the way.

I have like $10,000 in watches in total. Oh. Yeah. Are they at least holding their value? Yes. I know some people... I know some people... Sell them.

sell them. Why not get our debt? Are they gaining, are $4,6005 to them gaining 30% a year? No, so I thought about it. I've thought about it. I've thought about it for you right now.

Do it. No. Because the way I look at them is art, right? I'm not using them as like velvet goods. Yeah, you're 22. I don't give a f***. I don't give a f*** their art. What?

Yeah. 100% there are. I love them. I love wearing them. I like their intricacies. Like I know a bunch of outwatches. That's great. That's great.

We all get to do the things we enjoy. This is a hobby. This is, you know, the artist type stuff. We all get to do that when we're in a financially healthy place. You're not. And if that was your investments for the future, I would say one, that's dumb. That's not any diversification. I think that's an okay, fun little extra investment to have.

But if that's your entire portfolio, it's silly. Right now, by the way, it is your entire portfolio. Fun fact. Yeah, I do know that. Either way, that is not what someone does when they have 30% interest on their debt. Yeah. So I'm not going to sell them because I'm not going to sell them because, at the time when I bought all these,

like they weren't like, they, I had cash flow. Like it wasn't like debt. And I, I don't want to sell them now. Like, I,

everyone has like a story to tell. And like, maybe you don't get it because you're not into watches, but like, I'm sure some of the members, no, I'm into money and your money sucks.

Yeah, but I'm into improving your life and your life sucks. It's actually pretty good outside of the debt. Um, yeah, but it holds you back from so many things that you don't understand yet.

You haven't been in the process of trying to buy a house yet. You haven't been in the process of trying to retire yet. You haven't been in the process of trying to leverage your financial situation for anything beneficial. You're just bringing in some cash flow. Yeah. You don't understand the use of wealth or anything yet or any kind of investment. You don't know what you're talking about.

Yes. So that is all true. It does suck. I have to move out in January. So I actually do you need to put my credit and pay stuff off? What do you mean you have to move out from what? You live with your mom? No.

Chapel? No. That'd be nice, though. That would be nice. No, she has a big. No, you're her cousin. We can't say that. I'm sorry.

You're all good. You're all good. The green outfit, though. Yeah, so I live with some friends in San Antonio. We rent out a house, but that house is being sold sometime early next year. So they want us out by January 31st, which is cool. If you're a foodie like me, you'll want to keep listening. Picture this.

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What's your rent? Rent is $500. Oh, that's incredible. I wrote a little song to remind you, Choice Hotels gets you more of the experiences you value. The Canberia Hotels got it all. A rooftop bar. Have a ball.

Bring a date, your squad, or even your mom. Book direct at choiceotels.com. It's a unbelievable deal. But you have to move out. Yes. Are you going to stay in San Antonio? Because San Antonio's, as far as Texas goes, is the cheaper major city. Yeah, it is the cheaper major city.

Probably not. I'm looking at either Austin or... Oh, that's not the cheaper major city. That's the expensive major city. Or an even expensive city, Miami. Oh. Yeah. Okay.

Any particular reason why? Yeah. So I have a lot of clients in Miami, so it's good to have that in-person relationship. And in addition to that, my family is in South Florida. So my mom and dad are an hour away. And long term, I... Wait, why are you here then? Why are you in San Antonio?

So I moved out here in 2021 because it was like my roommates were like, hey, like, or my friends at the time were like, hey, we need an additional roommate. Would you like to fill that spot? And at the time, I was a Twitch streamer and like did the consulting stuff. And I was like- How much did you ever make off of Twitter? What was your highest earning month? My highest earning month was $5,300. And people will pay you to advise them?

On YouTube, yes. What was your highest earning month on YouTube? Personally. Don't lie. Okay. Personally, my highest earning month, not a lot. Why would people trust you? Because I'm really good at what I do.

it's less about like, okay, so some people are better at doing things and some people are better at coaching. I'm much better at coaching. I can do it. How do you know what to coach that you couldn't do yourself though?

Okay, so doing myself, I really hate doing it myself. I could. Okay, well, that's relatively reasonable. What do you hate about it? The, like, project management. So, like, let's say if I do it myself, I have to have like editors, et cetera,

things like that, script writers. So managing all those different pieces, I don't enjoy doing it. For every YouTube, not every YouTube channel has. That gaming channels don't necessarily need that. The gaming channels, work with at the scale I work with, do. Sure, but you could do something that doesn't require scripting.

And the editor obviously great to use, but. Yeah. At that point comes a time thing. And also, there is some level of, like, investment. You do get a return. So like, if I did do it myself, I do run a channel. It makes me a thousand dollars a month in roughly passive income. And I also put that with my partner. But like, yeah, that's like a massively successful channel. Like we average a business partner or like diddle, diddle partner. No, not diddle partner. Oh, okay. So you're not moving into a place with a significant other. No, absolutely. is going to be all on you. Yeah, all on me.

Okay, okay. I'm okay with it. I'm like, you know, one of the reasons why I felt comfortable making our budgeting class, our investing class, and our debt class. They actually are really good.

You get them for free, fun fact. Oh, let's go. I love free stuff. Yeah, free stuff's good. But the reason why I felt good about doing that is because I've paid off my debt. I love working with experts and gaining their knowledge

and bringing their knowledge into our programs. I love budgeting. It's fun to figure out. So I love teaching the skills around that. And I built a very successful investment portfolio. And I love teaching about that and like how to determine investing profiles and what to invest in based on that. I like that. But I was successful at that stuff.

You weren't successful at that stuff. So that's not necessarily true. I did work on a channel originally. So I was hired just the thumbnail guy. And then, you know, the guy who ran the channel was like, hey, you know, would you like to do like some strategy stuff? And I'm like, sure. So I've tried some stuff. Some what stuff?

Some strategy stuff. Yeah. So he's like, hey, can you come up with ideas for videos? And I did. So I took that channel from 70,000 subscribers to like 240, I think. Okay. I want to pause on that, though, because this sounds like the classic resume thing that we all do, and this is not a bad thing. We all work at a company. The company does something successful. And then on our resume, we said we brought it from this to that. Yeah. It's like realistically, in your mind, please be honest, how much of that was legitimately 100% you? Me, all of it. I have full documentation of everything I've done. I'm more than happy.

on it. I'm taking a word. And then, you know, I've got like a YT job portfolio that has all my work. What did you do? What did you do? Yeah. So we had a roster of creators. First and foremost, I did ideation. So I figured out what ideas made the most amount of sense. And then I then I then gave those to the creators. Then I looked at and figured out of the space with our direct competitors and indirect competitors. Why couldn't they do that? That's so simple. They don't have time to do it. Like so that guy that I was working with like, he's a father. He is two kids and he's like running like the other side of the business. So the YouTube thing was like an auxiliary thing. He gave to me. Yeah. Yeah. Yeah. Yeah, yeah. He's more just exporting a job. Yes, exactly. Which is fine. That's normal. And that's where I cut my teeth. And then I ended up working with all the creators that we worked with.

So we would hire creators to work at this business. So we'd pay them a flat rate and they would do videos for us. But it would be our video ideas, our packaging. And then eventually, like, you know, that was relatively successful. And then they also learned a lot. So I was also working with those guys as well. So I was working on that business. And I worked with like seven creators at one time.

So I was basically working with eight creators at once when I was like 17, 18. And you learn a lot really fast. Okay. Yeah, we got such. That's okay. That's good. That's good to know though. That's good to know for the future of your career in general. So this card in general, because you just got a higher limit to spend on, you just started spending more. Yeah. It was one of those things where it was like, you know, flying economy. And I'm like, oh, or like business. Right. And it's like, I can fly business now. And then I would. And then I'm like, I probably shouldn't have done that. But I'm like, but I like do it. I don't do it anymore. I fly economy. I fight the cheapest seats now. Okay. Okay. I've scaled back on that. I'm also short. So it kind of works out. I'll tell are you?

Like 5, 6. I'm like a manlet. No, we call them Short Kings. Oh, short kings. You get it. I respect that. Yeah, I have like a Puerto Rican midget that works for me. Nice, vertically challenged.

Yeah. He's not known around here as the Puerto Rican dump truck, though. For those of you in the YouTube membership for our channel members, yeah. Okay, so let's see. Okay. All right. So you say you stop, now you're flying cheapest. And no, it wasn't necessarily the flying that got you there.

But regardless, that isn't what fucked us up anyway, because the balance was 6,813. Sorry, 6,471. It has gone up by $600. So you scaled back the flying. Woo. No more post flying clarity on your seat purchase. Great. I'm thrilled.

You're still spurious. ending increasing it by $600. So. Yeah, that's door dash, things like that. Oh, for sake. Why? So I work from home. What is Twitch inter? Oh, so that's Twitch.

That's like streaming. You donating? No, I'm like sub to a few creators. It's just good for relationships, things like that. Yeah, but it's like every, it's, you have one, two, three, four, five, six, seven. And by the way, by the way, little reminder on those seven. reminder, you're bouncing going up, you're not paying them down, and you're accruing interest on these in their life, and you don't have anything in investments, and you're

going to die in poverty. So. I hope we don't die in poverty. It'd be terrible. On this track, because you could make, dude, there are people that make over six figures all their life. And guess what? They still die with an absolutely insecure in retirement because they just blow their money

every year. They live the high life. Especially if you go to Miami, I really see you blowing the high life constantly. You're going to love it there. Yeah, you're going to love it. And then you won't be able to retire. Again, so that's not an over exaggeration. It's simplifying your life down really quickly,

but that's not an over-exaturation to where you couldn't be. So why is paying those Twitch really worth it over that? Now you're saying it for the relationships. I'll let you talk in a second. You're saying it's for your relationships. I can justify that. But then the money that comes in from those relationships, pay off the card instead of the card going up only.

Yes. A hundred percent agree. But, however, hear me out. I pay off the other cards, right? So I have like the Discover card and like I think the Capital One card. Yes, but it doesn't know. Why have all this? if you're not paying off all cards.

You shouldn't have any debt. You shouldn't be that you're a bad. You're not a credit card person. I know. It doesn't matter if you're paying off one debt, but you're leaving others. Yep. You think it's like I try to pay it off like in chunks, right?

You're not. I know, but I paid off and then it gets more. It's back. It comes back. So there's no point of paying it off in chunks. You really just decided to bubble up all the months you would have paid for it. And then you put it towards it. And then you just spend it up again.

So you're really changing nothing. Yeah. It's kind of like a wheel. Yeah. So I don't get what you're talking of. about. I don't get your logic here, man. It's not working. It's not. It's not good logic. So why follow the logic? Why continue to use logic if it's obviously not working? Because you, no, no, no, no, because you knew coming in here that your logic was broken, right?

That's the thing. I don't think it really is that broken. But it is, you have debt that is accruing interest. Is that not bad? That is bad. Then if that is continuing and never stopping and only getting worse, then how is the logic not broken? Please, how would it not be broken? Give me any logical reason how it would not be broken. I don't, I don't think I really can. It's kind of like the way I compartmentalize it. If you can't think of a reason why it's not broken, then that has to mean it's broken. Yes. Okay.

So, change it, man. When something is not working in life, you change it. If your doctor talks to you and says you're going to have a heart attack if you don't change your life, you don't just continue down the logic if you can eat whatever the you want and not move at all. You have to change it. Yeah. That's where the thing is, though, it works just like, right now, like, yeah, the debt sucks, and I want to get rid of it because, like, it would be nice to have an investment port. You don't want to get rid of it more than you want to do all this other stuff, though, or else you'd do it.

Yeah, that, that seems to be the major issue. Yeah. Yeah. Yeah. So, what's going to make you want to get out of debt more? Well, first of all, like, because I don't think, I think, I really, there are things, like, I know I made fun of you for the overall world. but there are some things of real world when you're younger. Sometimes there's a lot of hubris that comes with it.

Sometimes there's a lot of just like, oh, these are consequences. There's no consequences. Yeah, I'll deal with it in the future. So there is some of that. And I think for you, it's like retirement's not on your mind because it's so far away. It doesn't matter. But you don't understand that retirement is now. Because you can get your retirement taken care of really.

If you really wanted to, I'm not advising this because it means living no life in your 20s. But you could set yourself up for a complete success. if you invested like 75% of your money throughout your 20s, you would never have to invest again, and then you'd be able to retire easily in your 60s. That's the thing. So, and I think maybe that stems from this. So I have a friend.

I work with him on YouTube, and he's, I think, on paper, a millionaire. Like, he owns his own house. He has, I think, $350,000 in stocks, mostly between Tesla and NVIDIA and things like that. Yep, no, that's worth. Okay, millionaire. Yep.

And, like, has, like, a full card payoff. Oh, sure. And for him, like, you know, he lives life, and he doesn't really work much. Like, he just, like, sell stocks when he has to, and then he'll buy some stuff back. I don't like that, but... Yeah, and the thing is, like, he doesn't really live life.

I'm sure he's happy, but, like, I enjoy living life. I'm not saying get to that point, but you're not even contributing 1%. Yeah. I was just literally advising not to do this thing that I said you could do. Yeah. I'm saying you're in a position where if you really wanted to, you'd go crazy and then your retirement would be set up. But I'm just using that example saying of how strong a position you're in. If you're just contributing 20% in how strong time is, but if you just contribute 20%,

20% now, you're going to retire a multi, multi, multi, multi millionaire. And that really doesn't take much life away from you. Also, I feel like this was a pretty damn, Felix, you have to sometimes spend more than you make, so you would not be on the credit card. Yeah, I think I do. I know I did it last month, but potentially in August I did, where it's just like, I just run it all the way up.

And I just like, just like, I can party. I can do whatever. And I just like put everything. Are you a big part of year? No, not really. It's more like, because Miami can get. Really expensive for that lifestyle.

It's not partying, like clubbing, but it's more like, I like going to like very high in bars. I like high in things, right? So I have like relatively high in clothing. Everything is fun. High and. Well, that would be nice, right? No, but it's like the jewelry I buy. Like the, like the clothes I buy.

You don't need that shit. I know, but I enjoy it. Yung and Scrappy's okay. Young and Scrappy's okay, man. Set yourself up. I'm not saying don't live, but you don't need to live the $300 of your lifestyle on 120. Yeah, that's, that is, that is the issue. you.

Which is what I try to do. You would stop. But again, you know it, but you like it more than stopping. I do like it a lot. You're addicted to it, man. You got that. Yeah. And then there's Chick-fil-A and Apple Bill in here.

Some Habachi and another Apple bill and other Apple. What are all these? You're like getting subscriptions or in-app purchases and then an Apple bill. Apple Bill? What are all these more Apple bills? What are they? I think the Apple Bills are me? No, so that's going to be, maybe that is purchased with DoorDash.

Things like that. And I do have like, let's say. They are in the DoorDash price range. Yeah, I think that's what it's going to be. Great. Apple, Apple pay. Why would you do that? Why would you allow yourself to lose an additional $152 in interest?

So now we're up to $250 of interest in one month gone. You're paying $150, $250 as a fee. to be able to have access to these cards. That's what you're doing. So that you can sustain your bougie lifestyle. Yes. $1,345 in interest this year so far, meaning that to me,

I feel like this card will... I mean, it's a lot of money. 27.24% interest. PayPal credit, do we really need? PayPal credit can be a good tool for quick financing things at 0%. But it doesn't matter because you are having interest being charged. You have fees being charged. You spent

The minimum payment was $73. You paid more than that $2.95, but it just didn't matter because you spent $994 with a $30 fee and $4.50 of interest. And then the balance down to PayPal credit Just I don't understand why.

So this is to your business to you. The Apple is this personal? Yeah, the Apple's personal. So you said you're prioritizing personal over the ink. But you're not. The Apple went up. Payable credit went up. So that's the fly.

You're bullshit. $3,915. And 97 cents with a $73 minimum wage payment. Why run it up? Why run it up? Up. Oh, it's all for factor. Oh, yeah.

Which can be good. I like them as a, they're a good sponsor sometimes. And they're also a good, we, I eat their meals here for lunch. Yeah. Well, guess what? I pay it with cash flow. You're putting it on debt. And that's when you don't use those kind of products.

Yeah. So I was doing factor for a while just because it was like really convenient for how my kind of my work is structure. $900 a factor. Yeah. Dude, dude, it's good. Oh.

Good sponsor. But it's insane because this is all added in debt. Yeah. I believe it's zero percent. You were cash flowing it. It would be different. You know, zero percent factor. That's not the, the zero percent financing of stuff I like are usually things that are

going to add value to life. This is just a little convenience. It is a little convenience, yeah. Why? Why put this on debt? Factor. That's kind of like where I really only had like the ability to put it on. Was the PayPal? I don't think I could have put it on the Apple card or any of the other cards.

So that way I just kind of kept it there. And then I would pay it off over time. Again, barring for myself in the future. Why? do this to someone, you have so much time, man. I don't understand why compound in the opposite direction, because that's what you're doing, man.

You're compounding downwards. It's, I hate to see it. As someone that has such a potential for success, I hate to see this compounding downwards. And you're, I don't know, man. It's all just,

it's all to fill like a hole, man. You're just like, It's just to fill a hole in you. Oh, the fee. What was the fee guy? What was the fee? What was the fee? Oh, what was the fee?

Oh, yeah. It's a fun little game. It's a complete fee. Oh. You're not even paying you're damn dead on time. So what's the point? If you can't pay it dead on time, you are not qualified in any. This is Euphoria Calvin Klein, the new elixir collection, featuring three perfume

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power. Find your euphoria. Discover the euphoria elixir collection by Calvin Klein. World to take out debt. Yeah. Again, that's just like the manual payment. I just prefer it. You prefer paying fees? No. No.

set it on auto and go guess what i pay off all my cards my manly too but i have them on auto if for some reason i'm the dumbest mother in the world and forget to pay it which i never do but if i did i wouldn't have a fee hit yeah i i i'll i should do that's a safety net why not give yourself the extra safety tools yeah um i don't have a good answer to that uh you don't because there is no good answer to that. I should do that. And that's, by the way, in addition to the door dash, just so you're factoring and then your door dash and what, one flunts, one's dinner. Yep. The Discover. Yes. Okay, so these two cards, you're right, pay it off, absolutely. But the money that you're spending on here is ridiculous. Yeah. Because, listen, even if paid off, it depends on

the kind of money we're spending your credit score, 640. Yeah. And it's not like complete dog. It's not great either. It's not as where I would want it to be. No. And it's probably because your utilization's bad on so many of the car. That's the only reason. That's the main reason. we can bring it my equifax we want. Yeah, the late fee isn't going towards it because it's not considered a mispayment. But the kind of spending that you're doing on here, I don't understand why add this.

I'm not going to add this to your debt because it's not a debt. You're paying these off every month, right? Yes. Right? Because there's no interest charge. Okay. But listen, you got workspaces on here. You got biohacker.

You got your PayPal and out, Venmoin, or a Veno service and PayPal service. And then who goes inventos and Amazon and Amazon. Texan court, convention spender, convention spanner, I am sports, I am e sports. Dragonslayer comics, Dragon Layer Comics, Dragon Layer Comics, Hulu, Discord, OpenAI, Chat, GBT, GBT, Frame.I.O. Venmo, Domino. It's not even on a business card.

You have these expenses that you can probably do with the business. And Amazon and Society Awards. Come on, guy. those are free to people who actually earn them. So, yes, but if I work with clients to get a second one, so they get their free one, to work with a second one, I have to pay it. There's a replacement fee. Yeah, but if I work with them, I also earn it.

You can get it with your team. So that's how I've done that. I know, I know. Which is why I've got a few. I'm sure. Do they have your name on it? No, they have my client's name. I would not.

That's not me. Yeah, yeah. I'd be dumb if I had my name on it. It'd be like... Is that just one? 280 for one? That was the gold one, yeah. the silver ones are I think I get the pride behind it but it's just like man you don't have the money

oh um okay oh I continue yeah so also on this card I think I also just bought a TV on this card as well is it still going to be paid off every month probably yeah oh you don't even know so why you're so probably probably is not a yes so there is a chance that this card will accrue interest this no this card will get paid off because this is only the $2,600 balance so like no matter how much make this car just gets like eradicated every month. What if you have a bad month for commissions though? What if the business you work for loses a client like the one time you lost the client and then you couldn't pay your damn bills because now you're accruing bills from things you already purchased?

I'll cross that bridge when I get there. That hasn't happened yet. I don't think it would just because of like where I'm at in the business and what I bring to the business. And also like clients churn every three to six months on average. Can you pull up your account on that? Let me see. Are you doing dumb stuff on there? Let's chat about your savings for a second.

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You have every thing possible. DoorDash, Buffalo Wild Wings, Crunchyroll. Oh my gosh, HBO Max, frame.I.O. You already paid for that. Oh, my gosh. $111.11 for that. That is being covered by the business now. The Frame I.O.

is being covered by the business. Good. DoorDash. That's a review video, right? Yes. That's video. DoorDash. Amazon, Amazon, Amazon, Amazon, Amazon, Amazon. DoorDash.

and other subscription Amazon Amazon. I'm going to want to take a look at your Amazon too because this is all ridiculous. Do you want to bring up my Amazon account or my Discover account? Discover first and then DoorDash and then DoorDash McDonald's. You DoorDash CVS and then you door dash McDonald's. Mind you again. Listen, you pay this off that's good,

but the category that a lot of purchases are the, some of these are in work and some of these are a bullshit and the bullshit could be paying off the Apple card quicker. Yes. So even if it's not a card that is being paid off that money that you are being forced to pay off, could be going to something else. meaning it is still dumb.

Yes. Let me see. There you go. What kind of fun is this? It's a nothing phone. I'd say so. Okay. Uber,

Mordescore. Contra? Yeah, so Contra is a payment service for people I work with. So you still do pay people? Yes. Henley's gentleman. Got a haircut

for the show. I was looking really dishevelled. Okay. audible yeah it's a lot of the same purchases tinder paying for tinder that was when i was on vacation in miami did not work you were trying to

yeah went in rome yeah but go out yeah but I don't like going out very often occasionally okay pull up your amazon oh I'm gonna get my rock for this okay because that was like half the

purchases on here guy So why do that to yourself? I don't really get it. Have you had interest charges just so far on this card? Let's see. You have had interest this year so far, meaning you probably were laid on a payment once. Not laid on a payment, but laid on making the full payment.

Hey, you hear me? Yes. So you can't have access to this credit card because you negate all your points instantly when you have interest charged even once. Wait, okay, was the TV purchased on the card, but through Amazon? You purchased the TV through Amazon.

Got it. That's what that is. Okay. Some shampoo, I think. Maybe toothpaste, toothbrush. Screen protector, fine. Lots of ramen. Yeah.

You got a poop cleaner and more ramen. Yep. Lots of ramen. Xbox controller probably don't need it, but you did get it refunded. Did you get COVID? Did you have COVID? Yes. Well, I was super sick.

So that's when I had the flu. And I wanted to make sure it wasn't COVID. It was not. some ceramic shaving bowl. Yeah. I just didn't even know. People use that.

I didn't know we were in the 1800s. More Xbox controllers. Oh. What is that? I do believe that coffee table was the first coffee table I purchased when I moved down here. Oh, we have good taste.

Yeah, it looks just like it. No. No. No, I wouldn't get something like that. No, no, no. It's like the fake. It's that fake. I had like a real nice wood thing.

You got like the, fake rustic looking what I hate that look. I don't know why people like that look. It looks so bad. It's just what's available. Yeah, that's fine. Probably not 100% necessary. We can't afford to pay off our other debt. I don't think a, I don't think, a row furniture downstairs. Yeah, coffee table. That's the critical piece of furniture. Well, we got a couch as well. Okay, listen, cool. That's awesome. Doesn't mean you need a coffee table when you are losing $250 in interest in a single month off of your two other card of cards, okay? Yeah. And again, there was interest this year so far. Here's another card that you pay off, right?

But still, $745 dollars of purchases. I can add it to the debt because you are paying it off. But eBay, eBay, Ipe, Ipe, Uber Eats, and Amazon and Amazon. What are all these? First of all Uber Eats stupid. What are all these eBay? 86 hours, 26 hours, 47 hours, $23. So we're building out the downstairs. Who's weird?

Me and my roommates. But you have to leave soon. We didn't know that at the time. We found out this month on the first. So, yeah, that kind of f***ed a bit. Or not on the first, on the fifth. So it wasn't them. It was the landlord.

Yeah, it was a landlord. Yeah, so they're selling the house. Okay. No interest charge in this year for this card. Let's go. Yeah, you did one card correct. But again, do all the eBay furniture things make sense and the Uber things and the Amazon things make sense

when we have cards that are growing $250 a month in interest? I don't think so. They do not return that kind of value those things that you're purchasing. In fact, they only go down in value, especially the food. Because it's gone. It's tasty, though. 28%. Okay.

Okay, is that all your dad? Oh, I have a firm. Thanks, yours too. What does Ravs stand for anyway? To me, it's the remarkably advanced vehicle. Really? To me, it's the runway approved vehicle for its amazing style. What about remarkably adaptable vehicle because of its versatile cargo space?

Or really admired vehicle? Oh, or really awesome vehicle. It really is the recreational activity vehicle. The stylish 2026 Toyota Rav4 limited. What's your Rav for? Watch. And for why and what? Okay.

So I have 1,800 right now on Infirmed, which is down from 43. A year ago. So I bought a brand new computer. I needed a new computer. My other computer self, essentially. What computer? What did you get? So it's a 49ETI.

It is a 70. Okay, so this is a tower. Yes. Named the specs. Okay. So it's a 49ETI. It's 64 gigs. You did not need a 40-90.

Need? You did not. You could have gone with a 40-80. So I stream and I also use it for remote rendering. Yep. You did not need it. Yes, I did. For what I was specifically doing,

like streaming the video encoding I do, it saves me so much time. Yes, there is a little bit of time on there, but you did not need. The word need. As in critical, you could have spent an extra 15 minutes on the rendering. I know for a fact,

we have all the different GPUs here. I know you could have done it. We've played with them all. Okay? you could have. Saved a little bit of money there. Okay, go ahead. Continue.

Then it is a 7900X. Okay. It was the top end. I know. Sounds like you went full top, tippity top. Yeah, I maxed out everything. Great. How much RAM?

It's 64 gigas of DDR5. You didn't max out everything. I could have had 128, yes, but I only needed 32, but I got 64 for Adobe applications because they're pretty RAM hungry. And Chrome tabs. Amazon purchases continuing the checking account. Oh wait. What's the minimum fee payment on the affirm?

The minimum monthly payment on the affirm is, I think, at this point, 220. It's 173, and then I have one last thing that's going to get paid off this month. So it'll be 173 flat after that. And then what, okay, what will the balance be after that? After that, it'll be zero. I mean, after I pay off this last thing. Well, I have two things. No, you said 173.

Yeah. Okay. Yeah, what will your balance be with that minimum of payment? Oh, it'll be 1650, I think, roughly. Okay, 16.50. So we'll put that as your balance. Okay. And the checking account, right?

Because you don't have any other debt. Right? That's correct. You have a thousand bucks in here, which is insanely low for someone who makes as much as you. It's stupid. I know. That's like the biggest pain point. It's another thing he knows, but he doesn't actually work on.

Biggest payment. I'll have the money transfer into my account. Guy, we already know the bullshit you spent your money on was probably about a thousand bucks at a minimum. Like generous. A thousand. What's going out to eat? Unknown spending. We had...

I don't have gas it. Oh, well, $1,500? What the fuck? Yes. That's bad. So you spent about $2,500 on guaranteed bull. Yeah.

Guaranteed. You could have, if you didn't do that, $3,500 in this checking account, then. Again, this is all a choice, and you are doing it to yourself. Amazon.

A return fee? You had a return fee? Because what? Okay. So that, I do know what happened there. So I, do you use wise? Do you know what WIS is? I've heard of it. It's basically like PayPal but not dog. Okay. Best we describe it. Yeah, you use PayPal. Okay. That's the legacy thing I had for a while. But yeah, so I get paid through WISE and then I have to transfer WISE to my bank account. And when I transferred the wise money to my bank account, you have to like put the exact amount in. And I didn't calculate like the amount that I would need for like the fee. So I put more in by like a dollar. Come on, dude. So, yeah.

Amazon, PayPal. There's the fee. Uber trip, Uber trip, Door dashing Sonic. Oh my gosh. Oh, this is where all the food spending is that we have to get through. I was going to say that number surprised me because I didn't feel like we went through at all. But that makes sense.

Door dashing 711. PayPal and out, cash up and out. $143 for pay, FL, or P-F-U-I-U-I-R-P-L-U-I-U-I. Why? 143? That's a... Some terminal fixed.

Door dashing 7-0. What are you kidding? Mostly energy drinks? Guy, go to the grocery store and buy a bulk, you dumb little shit. Door-dashing Sonic, why don't you get food? Sonic is like literal bottom of the bottom of the barrel.

It's so good. I love Sonic. I recently got it. I recently got it. I felt like ill because it's just how bad it was. You gotta get my order. My order's great. What's your order?

So I get, I believe it's like the blast. They call it. or something like that. It's like, Fidel ice cream, but then I get like cookie dough,

Reese's, Oreo crush, and then I get the Kony Island dog and then I get a corn dog. Okay, I had the dog. It was shit. The hot dog's not great.

It depends. It depends on the location. I think I had the corn dog too, and I don't remember. I like the corn dog too. I do like their ice cream's fine. But there's so many better places like Andy's frozen custard.

Okay, DoorDash 7-Eleven, PayPal and pay paying Door-Dash and McDonald's and Door-Dash and 7-Elds and Door-Dash and Sonic and Door-Dash and McDonald's. We're on a repeat here. It's just endless cycle. Uber trip, Uber trip, Uber trip.

Why are you not drive? You hate driving? Do I have a car? I don't have a car. Okay, yeah. Do you want a car? You're going to be moving, so we don't know what your life would be like. Not particularly.

And then if I move to Miami, relatively walkable city, like third or fourth month walking. Really depends where you live. I would be living in the heart. Yeah, I'd be living in overtown. I was going to say because it is endless suburbs as well where you need a car. It is endless suburbs, but I'd be living in downtown in the area. called Overtown and they have the Miami Metro mover and it's most remarkable. Okay.

PayPal out, PayPal out. A lot of money, $1,200 there. PayPal is $63. More Uber, Uber, Uber, Uber, Uber, cash in F and out, $325. Where is that going? So much money. That's bills.

And the PayPal's? Depending on what the transaction with the PayPal was, it's either PayPal credit or if it's a direct PayPal transfer fee, it's likely me paying my partner for the YouTube channel we run. DoorDash and Out, or sorry, DoorDash and Waterburger, Uber, DoorDash McDonald's, DoorDash, Jack in the Box,

you only get fast food. DoorDash, CVS, do you get fast food? DoorDash, what are you getting? CVS? Is that more energy drinks? No, that's probably when I'm sick. Like, that's like... You get sick like every day. You don't go outside. I don't go. I mean, I'm paying. Look at it.

I know. I know. Yes. Yeah, no, so I don't go out very often. And I have like a... You kind of get sick constantly. Yeah, kind of a weak immune system. Probably because you don't... DoorDash. Spice, Dorishin, Sonic, Dorishin, Chick-fil-A, Dorcasian McDonald's.

What is YouTube Me? Oh, that is... Membership? Is it short for membership, maybe? Oh, it might be. That might be a YouTube membership, yeah. We have a membership. Tens of thousands of hours of content back there. Really good stuff. Highly recommend checking it out. But you have debt, so it doesn't make sense for you to have it. Microsoft, PayPal, PayPal, PayPal, cash app, Uber, Uber. And then, yeah, your return fees.

That was kind of crazy. That was a one time return fee, I think. Yeah, it was one time, but it still happened. Yeah. It's ridiculous. Your debt could be paid off so simple. I bet your budget is going to be so chill. I bet it's going to be so chill.

I hope so. We lived the opposite lives. Now, for what it's worth, you ended up making six figures before I ever did, but I ended up getting into sales, and I did really well there, and I ended up making six figures. But we did the opposite. You're just going to live the high life, and I went and paid off all my debt instead. I feel like I turned out in a better position financially.

There's a change. Even without this business. Yeah, you definitely better position financially, but I, maybe I had a quarter million dollar net worth after, you know, like four years of doing that because I was properly investing and taking advantage of time and making smart choices instead of accumulating lots of debt before I ever started this channel. Yeah. So I had more fun. What do you do? You don't do anything. Everything here is door dashing.

Yeah. So that's the more fun. When I travel, I do travel a lot. So in July, I had a trip in Miami. I had a trip in New York in March. I just went to Miami recently. I don't think you can afford these, man. Not anymore.

Not anymore. Just temporarily. You can afford them. Just budget them. Budget them properly. After you get out of debt, I feel like I could get you out of debt in like five minutes. That is your income is so strong. Your income is so strong.

I know it would be sick. You can do it, okay? So that pisses me off. Because I feel like you're going to prioritize going on more trips and DoorDash and all that stuff over to actually get in that debt. I'd like to really...

Are you coming on just because it's a YouTube channel? No. Since you're in the space and you like that? No. But I would really like to pay down the debt because I'd like to get serious about living my life. And this is like really kind of holding me back.

So like with the low credit score, it's going to be hard to apply to certain apartments that I would really like. And with like my income, If I had no debt, it would be not difficult for me to afford that. I could budget it. What on average hits your account on a monthly basis for your pay? Across everything, commissions and pay.

It's your account. Yeah, $10,000. We'll do $10,000. That's incredible. That's delicious. I love it. It could be more as well. Post taxes.

Again, are you a contractor? Are you supposed to be setting money aside for taxes? Yes, I should. Have you paid taxes? I have paid taxes. Yeah, I have paid taxes. No bingo this episode, guys. Okay.

So you're setting $3,000 aside, so we're going to live off of $7,000. Okay, there we go. Cool? Yep. Okay. Because you have to take care of your, you know, social security taxes, you're getting your self-employment taxes, all this stuff. Okay. So, your debt payments. There's some thick, chunky, minimum of payments, 447 plus 3, or 447 plus 283.96 plus 73. Okay. Yeah. Why? already takes such a substantial portion of your income away from minimum of the payments.

It's so stupid. And then you're still adding money to those credit cards. It makes no sense when you can afford it. Because even in this last month, when you're spending money in those credit cards, you made more than you spent. So it's extra, extra dumb. It's dumber than the people that are spending more than they actually make. $803.086 for your minimum of payments. What's your rent?

And when does it end again? January 31st. Okay. What's your rent? So my rent is 500 flat. And utilities? That's going to be variable, but let's say 300. 325.

Is that including the Internet? Yeah, that does include Internet. Do you have renters insurance? I do have renter's insurance. Is that included in that? Yes. No, that's separate. That's $21 a month.

Cool. Gas, room, from drive, drive, you don't, but you Uber. Could we get away with $150 a month in Uber? Yes, or less,

probably $100. Okay, we'll do that then. Some months are different. Like, for example, that one... I didn't see any grocery shopping. No, but there is an H-EB literally right up my road. Like, it's a fight...

I could walk there. There's a sidewalk there. I do. Go, do that. $300 for all our meal plan. That's for your necessary food. Follow our meal plan. get to your needs. You're going to meal prep a couple times a month just while you get out of this a couple times a week.

TP fund, anything else you need to survive, $100 a month. How much would you say is required to fund your business across all these extra things? Pretending you cut back, well, pretending you should. Cut back on some things that you really don't need. Give me just a rough guess. You'll budget this out later. Let's say $250. Okay.

Going to do $250. And luckily, yes, with some end of year taxes, some things will still work out. but anything medical health care? Yeah, I have insurance. That's $267 a month. And then are there co-pays or anything on a monthly basis? No. Oh, yes.

How much? Adderall, $20 a month. Okay, that makes sense. Phone bill? Phone bill is going to be $110 a month. Do you owe money on your phone? International phone. International phone?

Yeah, so I'm going to say get helium. We like helium. It's $15 a month for Team Mobile Towers. International, though. Yeah, I have clients in every country. 15 you said? 110. 110.

What else needs to be in your budget? Do you have any pets? I have no pets. Besides my roommates. They may as well be pets. It doesn't count. You're not funding them. So what else needs to be in your budget

that I have not taken account for? Anything else at all? And I know your rent situation is going to change, but let's see what it looks like for a few months, for three months. I think that's it. $2,796. So a simple thing in the world.

You have an extra $4,203 on a monthly basis. Okay, this month you pay off PayPal. It's gone. Next month you pay off Chase. Included in that because there's a little left on PayPal throughout those situations. You should also be able to pay off a firm. Then it's January. Maybe instead of paying off the Apple,

set some money aside for security deposits and set everything, your credit score will have gone up because you decrease your overall utilization of credit because you're paying off some of that stuff, helping you to get an apartment, wonderful. If you move somewhere, you're going to put the security deposit down, maybe first month's rent, you're going to utilize this $4,200. Then let's say because of rent, you're going to go up to about $1,500.

Okay, cool. So you have $3,200 left, so you pay off your Apple card in two and a half months. So after that month of saving, then the two months, two and a half, five and a half months, you're debt free. It's simple. Get a fully funded emergency fund, what you need to survive, which at that point will be about, 3,800 wheel call potentially, actually without your debt, never mind.

That's a lot of $3,000 a month with your new rent, all that good stuff. Time six, $18,000 with your extra money you have left over of the $3,000, just about. Should be able to save that up in about six months. And under your debt free, you have a fully funded emergency fund. This is the most basic dumb shit. easiest solution in the world is just you not being a child pretending like you make 300,000 hours a year. And then just literally 50% of your needs, which will be a ton of money, spend 50% in your needs, 30% on wants, which will be a ton of money, then 20% and I'm investing. And like I showed, it'll be a multi, multi, multi, multi millionaire.

There's no more to say because this is the dumbest thing in the world. You could do this tomorrow, but you chose not to. There's no reason for you to be in this situation. It's stupid. It's dumb. Don't do it. So once you're going to make more, throw that, accelerate this process. What the fuck? Spending a budget, technically you spent under, but you're still putting things on the credit cards and not paying them off wholly.

And money was going to go into bad things. So I'm still going to call it a three out of ten being generous there. Debt for your income situation with where you are in life. It's not the worst or the worst or the worst. We just showed you paid off relative to cookie. But it's still pretty bad that you are accruing, interest on many things. I'm going to give you a three out of ten. The most generous I can be there.

Emergency fund, no savings, zero out of ten. Emergency funds, zero out of ten. That's going to be a hammer financial score, a 1.5 out of 10. We're going to try to call his girlfriend in the post show. There's actually something else that we need to bring up in the post show as well. I just realized that the producers are texting me right now. So make sure to join the YouTube membership below. Hammer Pro, Hammer Elite, Hammer of VIP.

We have a ton of extra shows where you can even call in and talk to me. It's really cool. Make sure to join that and make sure to check out our investing, bundling, and the budgeting course all bundled for 25% off right now. See you guys in the post show. We have an ex-girlfriend that so much stupid money was spent. How much? $10,000.

in 10 days. How do you spend $10,000 in 10 days to fly a woman to New York? That is insane. Call this woman. Call this woman. I need to call her. I'll see if I can call. Yeah, give her a call.

To watch the financial audit post show, click the join button below. All right, guys, I get it. You need more financial audit. So, we've decided now, in our membership below, you get two exclusive, see 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 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 earlier today. Why is he not? Because her birthday is coming up. The wedding, though.

Two weeks. Two weeks. Thanks. Giving's after that. A couple weeks after her birthday. And Christmas is only a couple weeks. In New Year's, and that MLK Day. But it's 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 great guy. We know she's a good person. Like, wonderful, wonderful human. But she's just so into me. And she always. wants to hate. No, wait a minute, wait a minute. Random but frequent private streams with me throughout every week.

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