Financial Audit - I Actually Hate Him

Episode Date: April 29, 2024

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To watch episodes of Financial Audit a week earlier, check us out on YouTube. I am Isaac. I'm from Houston. I'm 21 years old, and this is financial audit. Oh, 21, okay. On the younger side of the show, typically. So what do you do for a living right now? Usually, that could be college. That could be... Yeah, so right now I'm going full-time college. Full-time college. Okay. What are you studying? Biotechnology.

Where are you going? Okay, cool. And what year are you in? Uh, I'm a fourth year, but with credits, I'm a junior. So I'm going to finish in five years. Okay, five years. I know a lot of people that did that. What is it taking you five years? Um, so basically in COVID, I kind of got, I fell behind.

I wasn't really the best that online classes. Yeah. Um, so yeah, I basically did not pass most of my classes during COVID. Yeah. So I had to, well, now I'm making up for it now. So what's going on with your finances? Oh, so. So finances, I put all of my school loan, well, all the school money that I was going to pay on my credit cards instead of getting the-

You put them on your credit cards? Yeah, on my credit cards. Credit cards are like 30%. Yeah, I didn't know better back then. When? Well, I thought I was going to be able to pay credit cards. You look older. I thought you're going to pay them off with what?

With what? I had a job. I was getting paid well. What were you doing? When? When? When? When was this? When? This is like 2022. Okay. Yeah. So I was working as a sales rep at a tile store. I was making around $3,000, $4,000 a month. And you were going to school full time? Yeah. And I was going to school full time. So why are you not doing that anymore? Putting it's on credit cards? Yeah. That's insane. Student loans, federal student loans. Like on the bad side, start getting to 8%. Yeah. The credit cards are like 30%. It's not this Apple card, is it? It's that Apple card. In Apple card, you put student loans on Tim Apple's credit card. Yeah. Unfortunately.

I've never seen that. Never even heard of someone doing that. I'm sure people have. I mean, there's a lot of stupid things that are done. Wow. So all of your tuition you've been putting on this card since 2021. When did you learn that's a thing to not... do? Um, so the problem was that I wasn't going to put it on my student on my credit cards,

but then I didn't get FAFSA anymore. Yeah, but even private student loans at their worst, not at the worst, but are, they are typically pretty bad. They're still like 15%. 30% on credit cards. Plus, it's showing on your credit, not that I even give it about your credit at this point, because it's not too bad. What? What is it? 690. Surprised. But even still, it's going against it because it's showing that your utilization is so high.

Well, private student loans wouldn't show that. I haven't missed the payment. Why did you choose 30% over 15%? It wasn't a decision. I just didn't have the money because I left that job to focus on my classes so I could pass and finish college. And then once I left that job, obviously, I wasn't making the same. I wasn't making anybody. because I was going towards

focusing on school more than focusing on works more than school. I know I have transcripts in here. Let me get them. Biochemical engineering. Is that what you said? Biotechnology. Biotechnology. I mean, your community, your total GPA across everything is 2.0. Yeah, I just got 2.0 last semester.

Got up to a 2.1? Yeah, with the COVID classes that I failed and then a couple other classes. What do you agree? It's right now this semester. Right now I got, 4A's, 2 B's and 1C. Okay. What's the C in?

CGMP. Current good manufacturing practices. That shouldn't be that hard. Oh, you would be surprised. I guess I would be surprised. But we all have different things that are interested in. These science classes, I would probably fail at because I find it boring as. NCR, what's that?

NCR. That's great. Is that like going out? No credit received yet. Why? Which class is that? Oh, this is 2020. This is 2020.

Oh, yeah. All of those should be NCR. You earned three credits out of the attempted 13. Yeah, I passed one class in COVID. Because of online classes? Yeah. But you just kept going? I didn't know any better.

I wasn't paying. I had FAFSA, yeah. So, but now that I'm paying for my classes, I'm making sure I pass. Do you have federal student loans? I applied for federal student loans. student loans this year and I got accepted for next year with zero family contribution. Next semester, attempted 12 credits earned 6. The semester after that, attempted 13 credits, gained zero.

Attempted nine credits, obtained six. Attempted seven credits earned four. Buddy. How? You just keep f*** up every semester. No, it gets better. I'm a reformed failing. Attempted 14 credits earned 11.

Yeah, but every semester, There's still one that you just, you're just missing credits. Yeah, that D, the introduction to biotechnology. That's what you're trying to do. And you failed the intro. Intro class? The intro supposed to be easy. It wasn't easy.

Maybe it's, you're not fit for that. I was passing that class up until the final. All that matters is the fucking final grade. I don't give a shit. What the fuck? I don't care. Yeah, but. You can save up a $1.

If you go blow it, you're poor. You're right. Next semester after that, once a month. semester ago, two semesters ago, attempted 15, earned 12 because we got an F in fundamental to chemistry. Chemistry is my enemy. You know how you say we're interested in different things? I am not interested in chemistry.

But even still, dude, last semester still, attempted 17, earned 14. I had, it's going to sound funny because it's probably just like from the outside looking at one of your failures. I had one college class that I did not pass because I got a D Of course you have to get a C Yeah And it was music history

Two And to everyone else they're probably like Harder you They're thinking of like music appreciation But I mean that That was like I could not obtain the information In that as a music major

So I get failing a class Messing required and I'm going to redo it I redid it and then I passed it Minimum once a semester you fail a class minimum I'm not the best at school but I'm trying I know but you're putting it on a credit card

it would be different if this was like Pell Grant if your parents were paying for it being a little less focused in plus have you been the whole time what about community college if you're paying for it

I know you weren't for a bit but What's a semester cost? What's a credit hour cost? You're trying to do 15. I think like three, one class is like 1250. So expensive. So expensive.

Dude, ACC is like. Oh, ATC is like 300 a class. I'm at the final stretch, so I have one year left. Maybe. Based on your track record, I don't know. Well, yeah, maybe I got one year left. And so I can't take any more classes from outside. after this semester.

Why did you pick this major? It was interesting to me. In what ways? I mean, I like the job, the career, the what? Or just what you're studying? Yeah, like when in graduating high school, I didn't know what I really wanted to do. I just knew that I kind of was interested in biology

and doing the research on the majors that I could have chose. I saw biotechnology as one of them. So that's your career path? Oh, what do you mean my career path? What's your career path? What do you mean? What do you mean? What's your career path? So I've gotten like three jobs so far and they're all in sales. No, what is, what are you trying to do with this degree?

I'm trying to get a job in biotechnology sales. To biotechnology sales. Yeah. What do you typically sell in biotechnology? So you can sell anything from like medicine to surgical equipment and stuff like that. That'd be cool. When you're ready for it, I can gift you a certification for sales that. can boost your resume from course careers.

They're really good. Sounds good. If you graduate. For what it's worth, every semester you are getting better. Yeah. At 2.0, that one hurts. 2.0 is good, though, because you need 0 to... Shut the fuck up.

Shut up. It is not good. You're getting past the finish line. It's not good. Don't use the word good. Hey, finishing is what matters. Yes, but don't use the word good. Better than under a 2.0. Yes. No, sh-f.

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I do DoorDash, Uber Eats on the side. Get some money from my dad once in a while. Okay. Well, I mean, that's not necessarily bad, but it's like, let's go through this and see if he's a native. any bad behavior essentially how much you get from your dad? It's not like a set amount if I need some I'll ask and he might send it but do you need it because going out to eat is 10.4% your spending. Stopping and getting miscellany's bull-that doesn't improve or help your life in any

way whatsoever it was an additional almost 17% your spending subscriptions 1% I'm shopping almost 3%. Some other large purchases that, again, are nothing. It's about 10%. So why would you need the money? Sounds like you're spending money you don't need to be spending. And then he's bailing you out. I mean, I have to eat.

How many fucking times I have to hear this on the show? I'm going to... I'm going to... I swear. If I keep hearing this, I'm going to be the one that causes... This is absolutely ridiculous. You need to eat. And have you heard of this great new thing called a sandwich called a f*** apple?

Like two pieces of bread, cheese, meat, mayonnaise. We're both white. We love mayonnaise. That's how it works. It's so much cheaper than going out to eat. I have to eat? You don't have to go to McDonald's or whatever.

I don't always go to McDonald's. That's an example. You do not have to go out to eat. To eat. For your daily caloric intake. Do you? No. Okay.

So why, I have to eat when it comes to money that you're spending that you're getting from your dad because he thinks you're not able to survive but you're spending it on you bullshit? I've been doing grocery shopping.

I mean, what is that graph based on? You're spending. Which statement. I said it was your spending. Where's the grocery shopping? I don't see any grocery shopping in here. There's no grocery shopping in there? Where do you grocery shop from?

H.E.B. Target. Walmart. May have seen a bit of Walmart and Target. That's usually unknown because you don't really know what it is. But even if that's all, grocery shopping, it was $55. versus you're almost $300 even now. How much you've made from DoorDash just last month? Oh, I haven't DoorDash this month at all.

You said you Uber Eats then? Is that the other one you do? Yeah, I haven't done any of those because I've injured my knee playing basketball. Okay. You can't switch to just Uber? What do you mean Uber? Why not Uber then? Instead of Uber Eat. Why not Uber humans?

Oh, my car doesn't qualify for Uber. What do you have? Corolla, 2012. So you're telling me you can't get up and walk at that side? How did you get to this seat today? I didn't see you walk in. How'd you get to this seat? Uh, I drove here.

How'd you get to this fucking seat from the entrance of this building? I walked in. And you can't walk to someone's doorstep? Why would I need to walk to someone's doorstep? You said you haven't done Uber Eats because you injured your knee. Mm-hmm. Explain! Yeah, my knee hurts when I drive.

Drive? Yeah. Okay, so your girlfriend drove you here today? No, I drove here. three hours from here's buddy what the fuck i'm dealing with i mean are you and then you're driving three guys and then you're driving three hours back right yeah okay then if you can drive six hours in one day you can uber eat for a couple hours in one day 100% so why the f f f f fain't you i'm also taking 26 credits this semester oh my gosh yeah you can't do that

can't do it at one college no no no no no You can't do that. I've seen your transcripts. You can't take 15 in past your classes. I'm not failing any of them. Yet? Remember the last ones came down in the final? Sounds like you're not a test taker.

Sounds like you may be a homework person. That's more like me. I can do the homework. But it sounds like you suck in the test environment. Also like me. I hate school. I've learned a few new techniques this semester. So I'm dialed in.

What? No techniques to drive, apparently. What? Spending more time to start. study. That's a technique. Maybe with a little bit of... But it helps. Are you prescribed? Yes. Okay. Mm-hmm. I love it. When it's prescribed. Careful, buddy. Very careful. I just don't want to see you getting any dependence of any kind. Oh no. I hate taking it, but it's useful to do things. It's the opposite

what you just said. It's useful to do things that you don't want to do, like study for 26 credits of classes. I don't, you're not going to. Okay. It's bold of you to do. So that's how you're graduating up every semester. Where's this other college you're going for? And how are you paying for that?

And how are you paying for that? I haven't paid for it yet. And you're in the classes right now? Mm-hmm. Oh, how are you paying going to pay for it? How much you owe? I haven't. So I owe $1,600 to Lone Star.

And are you going to pay it? I haven't figured that out yet. Oh my, what are you? And yet you refuse to drive because you got a boo-boo on your knee. It's my meniscus. It's not a little boo-boo. Okay, but you drove six hours today. Drive-eating six hours.

It's gotten better in the past week. Wonderful. But I've had three tests in the past week as well. Okay, cool. Drive. It's gotten better. Drive. If you can drive six hours here because you wanted to be on the show, drive.

I'll start driving. Proud of you. Thank you. What's your car again? Corolla, 2012. Why doesn't it qualify for Uber? It's, it's above, I believe it's above the miles. What's the miles?

I don't know. Or it's under. You don't know how many miles you have? Oh, the miles on my car? Yeah, it's 185,000. What's up there? It's a Corolla. It's a Toyota, Corolla, though.

Yeah. It's interesting. I've been in the back of some shit, so I don't. Okay, so this apple card What would you give yourself a score? Zero to ten, zero being the worst finances, 10 being best finances. I've been waiting forever to be able to give this score on the show,

so go ahead. I'll give myself a five. Okay. I don't want to just bully you into the ground, but you've seen this show before. You're a fan of the show. You're so excited. You just sat there.

You're like, wow, I'm actually seeing this set in person. I've seen it under... How the fuck do you think you're a five? unless you're like objectively a stupid person. I don't think you are and I don't want to just be insulting. How do you think you're a five? I would like to just know because there is no way to, in any context of ever watching the show,

would anyone consider themselves in your position to be a five? So why do you think you're a five? Let me change my answer real quick. I change it to a zero. Why did you say five? I was being generous. Okay. Okay.

I get it people get nervous on the camera first on on camera first on on lights this conversation works if we accept our flaws and our failures I dig through your mess

I let you know how bad it is it's the intro part of kitchen nightmares where I go through the kitchen have a couple of vomits don't bull-h-me if you're gonna bullshit me we're not gonna get anywhere no more being generous

I mean it's not even about being generous you're just like not that's just like the answer of five is not living in reality. Like, I need you to pull you into reality. We need to agree on basic reality if we're gonna fucking get anywhere. If you want your hair for financial score,

it's free in the description below. Also, I get to be Caleb Springer. I get to beat him up for being a little... Hmm. And go wild in the title and thumbnail. But you be encouraging in the comments below. If you want to be on the show, you can apply. If you're brave enough like this man

to come in here and say he's a five out of time. Kill me. Okay. So Apple card, $14,750 is owed in 78 cents. The minimum monthly payment of $548? I'm sorry, I asked you and I'm, I kind of forgot. How are you paying for this? Oh, you said, well, I do Uber E's and stuff on the side, but you haven't, Ben. Yeah, not this month.

So how the fuck are you paying for this? That's an insane minimum monthly payment for someone that doesn't make any money. How the fuck do you possibly paying for that? How the fuck? Yeah, this, this month, I pay. paid for it and now to pay for it for this month next month, I'm going to have to do a lot of Uber eats. Yeah, but your knee has boo-boo. My knee-boo is better. Okay. When do you hurt yourself? It's been a month. You haven't driven for a full month? No, I'd say like two, three weeks. In the past

week and a half, I started driving a week and a half, it's a long time. Why haven't you driven any Uber Eats? I've had three tests in the past week. Okay, yeah, you said, so your second excuse was, after you made your first excuse and obviously they didn't check out, was that because you were having so many credit hours, okay, you have so many credit hours we're trying to get close to graduation. Okay, okay, okay, sure. Well, fine, okay, fine.

If that's the case, then we can't work. How are we paying for a $548 minimum monthly payment? With Uber E's and Doordown. But you just said you can't because you're taking 26 billion credit hours. Yeah, if I'm not injured, I can do the both. Oh, your excuses do not line up. Your reasonings. You're, okay.

You're one of those people. Okay. Are you a justify everything in life kind of person? No. Okay. We'll see. You're a bit of a to your dad. I'll be honest.

Why is that? Because you take money from him because he thinks you need it. Now that on this Apple card, that reminder is a minimum fee payment of $548 with the balance of almost $15,000 when we don't any money because boo boo on knee oh wait but it has it's been working the last week and a half oh but i have too many classes oh but it doesn't matter we'll start driving at some point maybe ah so you take money from him because uh oh i can't do it oh poor me every purchase on this first line is a bullshit you purchase a couple of them you might be able to justify it here in a second but most of them are f***le shi stupid unnecessary dumb enablement being provided by your dad

at water burger raising canes water burger mcconnells waterburger waterburger chick filet chick fillet fat boys pizza the den cafe apple bill some tequitos vape city yeah go ahead and kill yourself young while you're 21 that makes sense smart good choices study okay uh hot chicken and then sorry oh my gosh okay i'm coming i'm being aggressive i'm being aggressive vaping's bad I recommend trying to quit because it bad

okay study pool so study pool is a website where you get help on your assignments as in cheating no just as in your assignments go out and it's kind of crowd worked on

if I'm not mistaken no it's just they give you assistance I would never cheat how by helping you do the How? By giving you guidance. Explain it, dude.

I just explained it. You're giving the most vague answers. What kind of guidance? What do they do? There's a question. There's a chemistry question that you try to figure out what do they do. There's tutors on there that you pay and they, you know, help you with the assignment by providing like an outline. You can give me an example, though.

There's like a question, a chemistry question. What are they helping? How are they helping you? So if, let's say there's a writing assignment. Yeah. You give them the writing assignment and they send back an example of what you could write. Right. An example of what you could write.

Yeah. You would never cheat. Oh, no. That's bad. It bad. You're trying to, so this is why you're going to, you're trying to skate your way. You're just trying to fucking, how are you going to survive in the real world? I'm so confused.

tutoring totally down for absolutely why are you being a little about it by the way why are you being a little like it's very clear that they just give you the answer and that's what you just said

why you're being like oh no cheating's bad are you trying to like look good are you trying to like impress someone because your girlfriend's over there and you're hoping what like obviously you are cheating you are cheating

why not just own up to it instead of being a little it's just a little bit of help you are a brick wall what are you even taking the for people are doing the answers for you what

I don't like you why not no I don't like you this is like one of the first times in the show or I just do not like the person in front of me I'm sorry I don't like it really no you're a bit of a douche my bet

yeah I'm sorry because that's rude but I'm also kind of filterless That's fine. You're cheating, you want to admit to cheating. You're illegally taking... But you're like, oh, no, it's legal. Making excuses that don't make any sense and have to change constantly.

So it's like, what the fuck am I talking to you? What kind of creatures in front of me right now? I probably can't even upload this because I look like a piece of shit. I do not. Like, you're not a good person. Why not? In the context of this, I have nothing to think you're a decent person in any way whatsoever. What makes me such a terrible person?

You're cheating, dude. You're cheating, but you're like lying about cheating. Same with the drug thing. Same with every excuse you're making. You have to deflect to another excuse the moment I call it out. I mean, why does that make me a terrible person? Because I haven't seen a good quality in you. Only negative, negative, negative, negative, negative. I mean, you're kind of only looking at the negatives of me.

Yeah, but you could also just own up to shit. For I've had many juicy things in the past. Probably coming off like a douche right now. I own up to that shit. And I try to improve my life. You're just being a defensive little brick wall. And this chegg, is it a chegg order? Is it pretty similar?

That's where you actually get help on questions. Noah's telling me it's cheating. No, it's not cheating. Well, I've personally never used it, but his friends in college a few years ago used it to cheat. So, do I trust the person who's lied like 50 times this episode or the person who doesn't lie to me? I don't know.

The commenters will decide. Oh, if this is uploaded. Okay. All right. Wingstop. Cheating. Cheating. Netflix.

Tequitos. NBS facts. What's that? NBS facts. NBC facts, yes. I don't know what that is. Oh, my gosh. How do you spend money and you make no money?

You don't even know what it is. It's $30. NBS facts. I have no idea. Oh, kill me now. McDonald's. Cheating, cheating, cheating. Microsoft cheating.

Using Chegg itself is not illegal or against school policy. However, using Chegg to cheat or commit academic dishonesty is a serious offense and can lead to severe consequences such as failing the assignment and expulsion from school. Suck if you put everything on a credit card just to be expelled. And then we have, oh, oh good. Oh, lovely. Interest charge this month $310. Hmm. Yeah, I need some debt consolidation.

for sure. No, is that really what you think? I know. Wouldn't moving it to a less APR loan be better? No, I'm wrong. No, no, no. It's not about that. If you were that ignorant, it's different.

You've, you told me, you were so excited because you've seen clip. Tell me what you've seen of this show before. Please give me your experience and extensiveness of what you've consumed from this show. I've watched the hour long YouTube videos. How many? How many? Like two, three. And then I've seen mostly clips.

Okay, so mostly the short form. Yeah. The short form don't go to details. The short form editor takes that to just make the best shorts possible. So it's fair enough. Okay, then I'm not going to freak out on you for this. Because I was like, there's no way if you've seen a lot of our content that you would think consolidation is a good thing.

Two, three videos. Fair enough. and shorts doesn't go into it. Consolidation. Um, my hatred of you has gone away. Thank God. I just,

I had anger there for a second. I am someone who gets angry and I just need to take a moment and I took a moment. And I apologize if I came off in a bad way. I don't want you there. Feel like. Okay. So what typically happens in consolidation for someone in your situation who clearly has behavioral issues in terms of spending and not being able to manage that in any way.

You consolidate it. It gets put onto a consolidation of some kind. Then you have to pay that off. Then these balances go to zero. If you don't cut up these cards closely, it counts, which I don't think you would do because you're just not educated on a subject, which is totally fine. What happens historically, including people who have come on the show multiple times,

as after the balances get wiped, uh-oh. Just like this card where you're pretty much at the credit line. You're not at the credit line anymore, so you just spending goes. all the way back up, then all of a sudden you have double the amount of debt because you have the debt that's consolidated that was the previous debt and then you built up the new debt and it puts you in a double position. You already can't pay your bills. What are you going to do when you have double the debt? Consolidation for someone in your situation who does not address the root

causes and the root causes for you is behavioral issues when it comes to your spending and managing money and just your in general understanding of how to manage a budget, everything like that. It will damage you. A deck consolidation will damage you. It will put you in a worse position than where you are now. Thoughts? I didn't know that, but that does make sense that if my credit cards did get wiped to zero, that it might get filled up again.

But I think getting rid of that 30% APR, like you said, is pretty important. Yes. No, that's good. But again, what is? is more damaging in the end. And I think it's if you build up that 30% debt again, but now you have all this extra debt on the side. That is going to be more damaging

than just tackling this. What I would personally do, you're not a credit card person. Actually, you're a student, so it's perfect. I would use the FIS card for you. It works as a debit card, but it acts like a debit card, but it's like in the system as a credit card. Use that. Close these accounts. Chop up the cards. Never use them

again. They're terrible for you. You've abused the system. They're bending you over. There is nothing good and beneficial from you having these. Sure, you're closer to a 700 than I would ever think in your credit score. Like, how that happened? No idea. But you're getting...

100%. I do not want you to consolidate. And if you do, the only time you ever do is because you've demonstrated you've changed your behavior and you close these and cut them up. So what if I didn't close them? I just stopped using them. No. No, that doesn't work. Because I don't think you will have to address your overall behavior.

Oh, here it is. Here we go. Missed payment. Missed payment? Missed payment. I don't have any mispayments. Hey, congratulations. Take a look.

Welcome to your own finances. Bank of America. Everyone's favorite. Balance. 9,188. $0.92. You didn't know? You legitimately didn't know. I think I, okay, I remember this. I searched it up. It just happened. I searched it up. I was like, late for you. Why do I have a late for you? Because I paid it. I think I paid it like a day late and I believe when I researched it.

Sorry, go ahead. I think I searched it up and from what I searched up, I saw that there's a difference from a missed payment and a late payment. I don't know if that's true. Okay. Well, a mispayment is if you just never, paid it. You did. You pay, but you're late. Why are you late? You can't manage this. You are not a credit care person. You do not know how to manage finances. You do not know how to manage debt. Yeah. Consolidations not going to help you in any way whatsoever. How'd you have a late fee? Why are you not making your payments on time? That would be the one time that I would ever have a late fee. All it takes is one. And guess what? It's the most recent. So we're here. I'm not going to go based off if you were successful in the past five years. Yeah. All that matters is what you're

doing now. I can fuck multiple years ago and it's okay as long as what I am doing now is better in what I'm trying to do in the future is better. You can be a perfect person five years ago, but if what you're doing now is bad and what you're planning to do in the future is bad, you're a bad person. In this case, bad with finances. Not necessarily a bad person, but bad with finances. So I don't give a shit. You never missed a payment. You missed a payment. You relate on a payment. Yeah, it's not going to happen ever again. I don't know that. I don't know that this just happened. What encourages me? You don't make any money. And you have all these minimum...

on the Apple credit card on this Bank of America, 294. How are you making that? You're not driving. Dad? Daddy? No, not Daddy. Is that who's covering this? Girlfriend?

No, definitely not girlfriend. How are you taking her out on dates? Um, with my DoorDash money? Not this month. This month is the exception. That's why I signed up for the account. It should be going... 190.

No, well, no. 164 dollars of interest, $190 of interest is, uh, Amazon card. No interest charge because you paid the balance off on this one. Okay. Thank you. $190 balance. Well, we can consider that starting to pay off. Hilton parking.

What parking? Oh, Hilton parking that's on our campus. You don't have a parking pass? There's two campuses. I had to go to the main campus to take a test. and I had to pay for parking there. Amazon. Oh, cheating.

More cheating. Good. Community Medical Center. A couple of charges there as well. Yeah, that would be for my knee. Yeah. And then on this card, there was nothing, so it doesn't matter.

Just a quick pause in your Monday viewing experience to give you $20. Usually when you sign up for Acorns, you get $5 for signing up. But I negotiated for this month only with Acorns that you get $20 if you sign up using my link in the description. below. It's literally free money in a great way to start investing, so start your

Monday off in a great way and sign up using that link in the description below. And the other debts. That would be all, well, other than what I old school right now. Oh, what? What about somewhere in here? All right, let me find it. What about your car? What's up with your car? You don't owe anything on it? That's good. What happens if it breaks? Do you have anything in savings? I know the answer to that. Yeah, exactly. So what happens if the, the, the, the, the How'd you get the car in the first place? Oh, there's my dad's old car. Okay, yeah.

Daddy. Come in. Would he get you your new car? Would he get you your new car if this were to break down? Oh, no. I have a major, what happens if there's a major repair? Oh, I would have to figure it out. And how would you figure it out?

You're maxed up on all your dads. Probably take the bus for a couple months. And your income source would be zero. There's a Costco opening right next to my house. I'm planning on getting a job there. Yeah, yeah. Absolutely. Spring 2024.

That's this semester, right? Yeah. Okay, so $8,604. Yeah. What's this additional spring 2024, 130? What's that?

Is that extra? Um, take a look. Take a little peek. One of a peek, peek. This is, this is, uh, so you go to both.

Yeah. Well, what do you think of the clips versus being here? in person there, Mr. Isaac. It's a lot more interactive. Ha!

That's a good answer. It's funny. You watch the onboarding video, though, right? The one, the clip of you before you... The 10-minute onboarding video we sent you? I don't think so. Why? Was that after I got the...

When you get accepted to come on the show, we send you an onboarding video to watch that prepares you for the full experience. didn't watch that? Mm-mm. Why? I didn't see it. Do you not check emails? No, I do check emails.

I was replying back to Noah. Yeah, we just checked. You opened the email. We were able to track that. You just didn't watch it? Yeah, I guess I didn't see it. His fault. Not ours.

$8,6004. 14 cents. I'm not surprised that you don't read the emails based on this conversation. Okay. So you owe $8,604 tuition, and then to... additional $1,130. And you were just putting it in and off, hoping that somehow it got paid.

What was your plan before this conversation to pay that? For the school right now? Yes. That's what we're talking about. No idea. You didn't have an idea. So you were just like, you're just like, fuck it.

You had no plan. You didn't even have like an inkling of a plan, a start of a plan. A little beginning building. So beginning of the semester, I had a job as a source. solar salesman and that company closed down. So now I have no idea.

I've been looking for another job, but I haven't had any luck. Are you willing to be on mic for a second? On mic, not on camera, just on microphone? Huh? Yeah, what? No, I just want to ask you a question real quick. Can we get on on mic real quick? All right, Miss girlfriend.

Well done, by the way. Thank you. This? How long have you guys been dating? Um, it's about to be two years. Is this? This is not how he was when we first started dating because he started taking more classes. So he started to focus on school more, which in my opinion is a good thing.

But he also needs to find a way to get income. Do you know that this dude, you've listened to this conversation. Is this someone? No, I didn't know how much debt he was in. He would never tell me because he knows I would freak out. It's not even just the debt, just the way he's talking, his mentality. on this. I think he's nervous.

He's not usually like this. Fair enough. I think that happens to a lot of people on the show and then people are like, he gets defensive when we argue. So I think that's why he was defensive at the beginning. Wait, I'm sorry, what? He gets really defensive if we argue. So I think that's what he was just doing with you.

You're a defensive little boy. Okay. Great. I'm working on him. Are you? Or is that just being defensive? Okay. Is this a man you've considered potentially marrying?

I know we're young, but. um yes would you really marry the creature that i just talked to you in terms of not right now with his situation right now not to put you on blast buddy but also i'm putting you on blast buddy your mentality around this like i couldn't i mean imagine a future future partnership with someone that are saying the things that you're saying the the way that you defended things the way that you spend money well taking money from your dad and the way you don't work

your excuses your defensiveness you didn't even have a plan you're trying to double down at school but you don't even have a plan a start of a plan well I had a job in the beginning of a semester

I don't know if this is back to getting defensive but I would make good money every time I made a sale this is interesting though you're hearing it here from the girlfriend and from Mr. Isaac over here. People are like,

oh, people on the show, they have to be fake. How do people act like this? Natural human instincts come out when they're on this, I swear. That's an intense conversation. So,

where'd you apply through? Apply through what? Yeah, where'd you, like, apply? Where'd you find the, like, link to apply? Instagram. Okay, you applied through Instagram. Cool. So, what is your take on all this debt?

This is scary. How's this guy paying for school? What is your thoughts on all this? I actually have no idea. His dad doesn't really give him money. I think he came off like his dad gives him a lot of money, but he's not like his financial support at all. I think he is just taking it like one step at a time because at first he had a job that was full time and that was going well. But then he started to focus on school and then he found the solar sales job.

And that one was good because, like, it was on his own time. But the company was not that good. And then they ended up closing down. And now he's not doing anything. No, that's not life-changing. But when we come on, if we looked at the money that he was spending on, his dad essentially just paid for that. He had just enabled that bad behavior.

So the main reason that I put my tuition on my credit card was, thought my dad would help me paid off. Why? What gave you that thought? So the thought was in 2021, we bought a house and. Who's we? Me, well, my dad bought a house. And my dad was like, I need help with the down payment.

Oh, he was like, how much money do you have? Oh, no. He was like, how much money do you have? And I had around 15,000. Oh. Yeah. And so, you know, it's my dad. I don't really, I don't really mind giving him the money.

So I thought that... There's a loan or a gift? Well, I didn't really, you know, discussed all that with my dad. It was just like... Oh, you got to discuss that with you. How old were you? I was 18. Oh.

Yeah. So I thought, you know, since I gave all my money to the house, I thought that it would be reciprocated on the, you know, school payments, but it wasn't. Have you brought this up at all? Um, I tried, but it always gets like deflected. tell me. No, like, what do you mean? Give me an example.

I mean, he says, like, I pay for all this. I pay for the month of, what? Month of payment on what? Oh, like the house, like the mortgage payment. Yeah, it's his house. Yeah, and like... Do you live there? Yeah.

Yeah. He's gaining equity in the house. You're not. I have no sympathy for him in that. That doesn't make sense. Yeah, and then he says, like, oh, I pay for like, you know, the gas, the electricity, the groceries and stuff like that. Okay, so you're rent-free.

Yeah. Okay. Assured that health. helps a little but $15,000. Let's say you're paying $300 a month for utilities, you know? Or $15,000, sorry, not $1,500. Right? Yeah.

300 for utilities. I mean, that's 50 months. Also known as four years. Have you lived there for free for four years yet? Well, actually maybe 18. 18 to now. Oh, three years. Yeah.

So technically might be even, but also people stay at home. stay at home for college all the time. It feels like he's just kind of, I don't know. I would feel, okay, I'll just say me, because technically gave him the money. There's no contract. So blah, blah, blah, legal, legal, legal. Morally, which morals are all subjective. If I took the money from my kid for a down payment on a house, I would want to pay that back. I would want to pay that back. That's just my moral. So morals are subjective. Maybe he doesn't give a shit. Maybe he truly believes that he is paying you back through living there for free, even though a lot of people live at home through college for free. So, but either way, maybe he genuinely feels that way.

That's kind of, um, essentially just view it like you gave it as a gift and you'll never get it back. Yeah, I've kind of parted ways with that money already. And it was two years ago, though, that you started putting this on a credit card. So at that point, you thought he would, I would be getting some assistance from my dad. When was the first time you brought it up to your dad? Um, so the first time when I got my financial, my, my, my, my, my, my, my, my, uh, was because I was under a GPF2 because I was working the same time. So when I quit my job, I didn't have any way to pay for the classes. But at that point, I didn't have my 15k in savings either. So, and then I asked him, and I believe it was around two and a half three K that I had to pay, uh, for those classes. And I believe he sent me like a thousand or, well, he didn't send me. all of it basically and ever since then i've been slowly trying to you know make money paid off um just going back and forth between grinding with school grinding with work and paying off my credit cards i'm hating you a little less as the conversation goes on so it's a win uh no puts my producer

put some notes in here just in case i miss things every once in a while and uh he's been referring to you throughout this episode is daddy's little boy. Oh no. But, but, I think after that last point, which is a very important thing, you gave so much more money than most people have at 18 towards a down payment on a house. I personally think he owes you.

So he just deleted it. Coward. Caption has been changed. So, yeah, that sucks. And I think he should out personally. Well, not necessarily help with that

I would like to see him give something back even Even if it's just a few thousand dollars Which maybe he's done I mean he gave you 600 bucks last month How often how frequent is that Um it's not really often I'm kind of shy of asking Because I do get the pushback

I do get the we'll see I do get the I'll look into it And tell me about mom Um mom is in Philadelphia But she doesn't want to support it at all Um I got two siblings Okay.

They're not like... Just wondering. I'd say like we're better off than they are, huh? It's not like she has to. I'm just trying to get the full picture. Yeah, I think if I asked, I could get many from them. I just don't want to be a burden to like my mom's side. Do you think he's going to graduate college?

Because he keeps failing classes every semester. This semester, he's doing really good. I don't know how. He's taking 10 classes. That's double what I'm taking. And I'm barely surviving. Well, maybe he got the fire. He has like 10 classes left.

And that's it. Well, I mean, you do know he's spending hundreds of dollars a month cheating, right? I did not know. I actually, the study pool stuff, I found out about it recently. And I personally told him I'd help him with those assignments. But he paid somebody like 100 to do it for him. What do you think about the fact that he tried to say he wasn't cheating? Like, the dude was just straight up lying to me.

That's when I didn't like you. I honestly don't know what to say about it. Because I offer to help with those assignments. He said he didn't want to be a burden because I'm already like struggling with my classes. He just doesn't ask for help. I don't know why. Like he doesn't ask anybody. Which I, I, okay, sure.

I feel sympathy towards that. I'm also not someone who's like always like, wants to go to the parents or anything to help. But there's a lot of people that would help him. True. Like not just financially in a lot of aspects. but then you cheat and then you've lost the respect in that so

now to be fair to pass music history the second time in the final exam when Apple Watchers were new I had some of my notes on here and I was like what's going on so I did a little cheat cheat cheat because all I cared was about getting the degree in the end but you lied to me about it and you're all suspending

what is it how much was it how much was it yeah someone told me. It's like 300 or 600 bucks or something. It's like it's crazy. 360 bucks. So divide that in half because I split it with my friend. Okay, even still, I'm on a monthly basis of someone who doesn't make any money. Yeah. Okay. Especially with 88 dollars in our checking account. Tequitos, tequitos. Stop stopping at gas stations getting, oh, and Nicos,

Stop stopping at gas stations and going inside and getting some... Gosh. I mean, come on. You don't have money. You sell... What the fuck this? American Auto. $440 to use out to.

What happened? My car got messed up. See, this is what I was saying. What happened? Miss fire. Cylinder 2 and 3. How is it now? Better.

Okay. Great. One and others is hell out. I can't say what that one as far as well. blacked out. 98 bucks in this banking. This is transfers. It's nothing.

Oh, in New York Times and an Apple bill. Really important when we have, again, no money. Saving $60. We're on our way. Okay, what is this? Oh, it's interesting. That's the peak. I actually didn't see this.

They put this in the pile after I already went through things and then they put it under here. Because it's a surprise for me. this is Robin Hood Oh no that's You pull Can you pull it up? I want to see your portfolio I personally prefer

Umu As my Single stock app But this is fine That's Coinbase And Oh there is Robin Hood Okay let me see the coinbase

Oh Is it crypto Yeah Which is done well recently But for someone That doesn't have any money That's a That's not recent

Well what is it Like 2021 No No No crypto's done well recently. Bitcoin's done well recently. Oh, I haven't, I haven't looked. He got traumatized. What? Say it again? He got traumatized. So he stopped doing stocks. Oh. Yeah. It's not about stocks, buddy, but okay, 2021. We made it to 3,666. Today we're down to

$60. Dude, that could have paid for, how much? Bring up. Bring up the other Robin Hood. I'd get traumatized too if I was a dumb. Sorry, that was mean. I wouldn't round with that kind of shit. Oh, okay, so Robin Hood was at the max of... 300. Is that the photos?

Here, let me open the app. Okay, sorry. Photo app's a dangerous place, dude. Yeah, we're $6,600. Now we're down to $6.00. Low-cost index funds all day, baby. be your target retirement date funds. That's a good thing that I

personally do and it's not investment advice because I can't legally give investment advice, but it's what I personally do and tell me I would do that instead of those single crypto bullshit you're getting. And I'm not anti-crypto. I have crypto in my portfolio, but I like to have a well-balanced portfolio. You

went from like $10,000 total down to a couple dollars. So that's that could have paid for, it could have paid off 10,000 to the 14,000 You could have

completely paid off the Bank of America card So that's I see I get it Yeah I just got ahead of myself

At 18 Making money Pressing buttons On my phone So I see I would I know you're trying To get through school

Quickly I do respect that But you can't pay for it I'd rather you do Half the credit hours Double the No you know Take two more years

Half the credit hours And Work at that job again and like cash flow as much as you can. And then student loans the rest. It's certainly not on a credit card. Okay. I don't know how to budget you.

People get upset when I don't do a budget, but I don't know how to budget you because your income's weird and how to pay for things. I honestly don't know. So I think we need to talk more major life things. You gave yourself a final item for a bit. You've gotten yourself into a special. little hole there.

The hole you've dug yourself in it is so brutal. Normally I would say any hole would do, but well, the one you dug yourself into. It's like, this is completely ruined. Sorry, they're laughing at an inside joke. They're not laughing at you. Okay. I'm just a little comedian.

Making he-ha-he-hahs left and right. You're like half with his... You're over half-with-a-s semester, aren't you, at this point? Mm-hmm. One month left. Have you signed up for classes? Are you taking summer classes? I enrolled for one. Just one class?

Mm-hmm. Okay, you're weird. Doubling up for one semester and then take one class the next semester. It's funky. So I can work more during the summer. Yeah, well, I was going to say, take summer completely off if possible and grind, grind, grind. One of these college bills do buy? Because sometimes they won't let you enroll in new classes until you've paid.

the balance. So if you try to enroll after this semester is done for the next semester, then you can't. But if you haven't paid the amount that you do, the amount you're due. But since I enrolled during this semester for the next one, I still have time to pay the money that's due. So they let you enroll. I haven't gotten that far. But what happens if you don't? Do you know? I'm not sure. Talk to an advisor. Yeah, you probably get dropped. you get dropped from them okay yeah what were you making at your peak a month in the sales job is that the job you're getting so you're talking about working at Costco yeah what's the Costco wage so i believe it's like 16 17 you're gonna work is it one of those places that doesn't allow you to work more than like 30

hours a week um i'm not sure because then they don't have to give health insurance ideally i would like to get a job just because I would love you to get a sales job that'd be awesome. I'm thinking about going to a dealership but the problem with like dealerships and sales jobs is that they want a full-time employee to be making sales and they're not very lenient with school. I don't want you to work 50 hours a week minimum. Actually, that's a lie. I think I'm getting you because summer's only like two and a half months. I need you to work at the 16 bucks an hour if they allow you to.

If not, you're getting two jobs. well you're 60 hours a week minimum but you can do it you're young you can do it you don't need to see each other's ones so you guys are madly in love so everything will be great right right yeah I mean if it's for his budgeting then for sure okay so 960 hours a week times that by 52 divide that by 12 uh 4,000 dollars a month before taxes say you bring let's say about 3,250 times that by two and a half months you work. That doesn't even fully pay off the tuition that you owe.

So that's working $16 an hour for 60 hours a week minimum. You are in a funky position. The student loans you've been approved, right? For next semester. 2024, 2025. I don't want to borrow Peter Pay, Paul type situation. But I'm like thinking, do we use some of that to pay off the tuition? that you've already borrowed,

but then we just keep getting a situation where we have to pay off the past tuition. Oh, I'm not going to say this, am I? Oh, no, I'm not. Oh, shit, I'm nervous. Analyst's recommended something bad. Ah, fuck. Oh, I'm missing something.

Leave good things, brain thoughts, in the comments below. This is interesting. This is a challenge, a fun little puzzle. I'm just trying, okay, there's actually lots of, solutions. There are lots of solutions. Why I'm struggling to say any of them is because none of them are good. So I'm trying to think of like the least bad solutions. Okay. So what you could do,

and this doesn't even take an account your minimum monthly payments. So your minimum monthly payments are going to take. So let's say you make 8,125, but then we also have to take away the 1,500 and Apple minimum monthly payments. and the 900 of America payments over the course of that $2,000. So that brings in $5,000, which covers $5,725, that means you spent nothing on fun, by the way, not even a single cent. That means you spent nothing on gas, which is impossible.

What if I got that consolidated? We talked about that, though. But what if I actually closed those accounts and didn't use those credit cards? Are you willing to close those accounts? My main thing is I don't want my credits. Oh no, no, no, look. Who gives a shit about your credit right now? You're not taking advantage of credit.

Credit's taking advantage of you. Also, were you on like your, are you, are you on like your dad's credit a little? Were you on any of his cards or your mom's? Because I don't understand how your score is so high at your age with these balances. Your cards are maxed out. Do you have credit karma? No. Don't look credit karma a little quick on your phone.

So I don't believe you. Something's f***. It's just what the, like, each of my bank apps have like a credit school. Hold it, let me see. Download credit karma, set it up. I mean, maybe I'm... I'm... It doesn't matter. It doesn't matter. Okay. Y'all, this is the time to switch to my favorite high-yield savings account. With SoFi, you can get 4.6% on your money.

I hate when my money is just losing value, so make sure you're keeping up with inflation at the very least. You can also get FDIC insurance on that money up to $2 million with them. Plus, they'll give you money up to $300 when you set up in account with them. There's even extra perks like being able to get paid a couple of days. early. So far is what I use when I'm setting money aside and it is the banking app of the future. Sign up link in the description below. I always want my money to be making more money so don't lose money on yours. Personal loan, private

student loan, I hate it, I don't want to recommend it, but we might be in the system because you're gonna let's say you spent over the course of that month the other 725 on gas. So let's say you have $5,000 net because you spent nothing other than a literal basic necessity. Do you have to buy your own groceries? Yeah. minus another $900 for those three months. Okay, $4,100. So half, less than half. What you might have to do,

this harms me to every corner of my being so that you can continue to enroll. Wait, wait a minute. Yeah, you might have to take a false semester off. I was, that was an option. Yeah, you might have to take fall semester off, and you might have to grind all the way throughout the end spring semester, I'd actually pull out of your summer class right now.

I would grind, complete, you know you're cheating, but nail this, I know you're cheating, but nail this semester, all the crazy amount of credits you're taking, then grind from now all the way to the beginning of next spring semester to pay off this past debt, and then yes, as much, focus up, as much as possible, put it all towards the credit cards after paying off the past college debt. And then, yes, student loans, hopefully four percent or so to pay for the remaining two semesters starting next spring. So you're doing 2025 will be your final two semesters, 2025, spring and fall, and summer,

if you can, which you'll be doing on federal student loans. And you're grinding until then, making as much money as possible, keeping your needs to an absolute minimum. No more paid-for dates. Are you okay for that for a second? For a second. Yes, I'm okay with it. Okay.

You can pay for things if you want to. It's 2024, you know, so can cover him now. She's been a real help, so good. Yeah, because he's going to need some major support because he's himself. So yeah, you're grinding it out. You're paying off as much of the debt as you can. So because, well, let's say, let's say $16 an hour. Let's say 60 hours a week, which is going to be wild.

But if you can do that, that's absolutely awesome. for eight months, 30,000 bucks or so. You won't fully pay off your credit cards because of what you need to survive. But your credit card balances will be brought lower. Your student loans will be paid off. You'll be able to pay out the Apple Card

and the Bank of America card still might be there. But you're going to work a little during the semesters where you're in school in 2025 and you're going to use that to continue putting money towards the Bank of America. Then after you graduate college, you're going to get a job in the career field you want in sales. obviously good at sales. You've been doing that for a while. I mean, 15,000. 18's wild. That is a good sign.

And from there, you then pay off the Bank of America card as quick as possible after college. So now we're talking like beginning of 2026. And you save a fully funded six-month emergency fund. Then at that time, you're 23. And you're putting 20% of whatever you make aside for retirement. You're actually going to be killing it. You're going to retire very well. He has a bright future. He just needs to sacrifice now. So he's not a complete failure, and I don't fully hate him. Actually, I don't hate you at all anymore. Thank you.

Actually, I see a bright future. So it's been a roller coaster of a conversation. I see a path forward. It's a multi-year path. It's going to be long-term stuff. Go through our budgeting program as well so you can learn how to just manage money a little better. And we kind of walk you through things. We'll hold your hand.

Go through some education, take the class. Don't cheat. Don't cheat when you go through our class. I don't think you can. Can I ask a question? Please. So you said to take fall and summer off. Yeah.

But what if he already has fall and next spring paid off because he got financial aid for those? Well, the main, well, because the reason I thought of that is because he literally has no way to pay for the past tuition unless, and this was what I was going to suggest before thinking of that, could take out a person alone, private student. loan to back pay whatever you can't pay after working your ass the summer, which might be like four or five thousand dollars. It sucks.

You can do it. That makes the burden harder post-graduation. He's going to be able to borrow some federal student loans. I would be willing to bet if he took summer, fall off, work off. Yeah, because it's going to go off of tax returns and you're not going to have any like super crazy tax return by any median. But when you're starting to apply to borrow them at the end of this year for the beginning of next year. So I would still do that personally, just remember financial standpoint.

Because here's the thing. You're right. There, that's a Band-Aid solution. But in the path I'm going, the dude, by mid-23 years old, maybe 24 beginning, he has a fully funded emergency fund, no bad debt, and his school is paid for, and then he has some low interest rate student loans, and the dude's able to start maxing out his retirement, and he's living a great life. Over the course of the next two years, I mean, that's a win to me. I'd rather do that because it leaves less risk in your life. You're also just not great at school.

Let's be real. Without the help of cheating, let's be real. Without the help of not being taken legally, let's be real. So, are you not giving it to him, are you? Are you okay with... Um, yes. Okay. I don't think he's abusing it.

Are you giving it to him? No. Okay. I hope you're not abused it. Mm-mm. Okay. Okay. I know a lot of people use it.

I'm just, I don't take stimulants like that. Coffee's my go to, but just because I have an addictive personality, so I know I would become dependent on something like that. I just don't want you to, and that's always my fear, especially since he has the dependency to vaping. So it's not like it's completely against him. But he hates himself when he's on it. Okay.

Okay. So either way, you're not good at school. No. That's okay. I'm not good at school either. But what happens if you borrow this extra loan and then you go into more debt and we haven't taken any care of any credit cards. Because also, if he is taking out student loans,

how's he paying for the credit cards, minimum monthly payments all throughout this next year anyway, if he doesn't start tackling it by taking some time off. So if you don't, you're just borrowing more and you haven't put any progress towards your debt, and all of a sudden you don't make it through school, let's say, then all of a sudden you have all this debt and nothing to show for it. Where I think personally, just based on how people tend to operate mentally,

if you take a couple of semesters off the summer and fall, get the burden off of you you'll be able to focus more in on school even if you're working just a few hours a week as well to make sure you're keeping up with minimum monthly payments on the Bank of America at that time I think he has a higher chance of graduation at that point and I think he has a brighter future

which means if you guys are going to be together I think you both have a better future as well so that's what I think sounds like a plan does it though what do you think give me your full thoughts on that because that was a lot I mean it makes sense to be honest I was already thinking of taking the fall semester off, but I wanted to, well, I didn't want to take it off, but it was an option to take it off due to the fact that I'm not going to be able to pay for the classes because, you know, I don't have a job.

So I think I'll most likely end up doing that because I have to pay, I have to start paying or I'm going to start missing payments. Not late fees. I'm going to get, you know, straight up missed payments and I don't want that. Um Yeah But I guess I'm not taking classes next Next fall

So you'll do this Yeah Do you think he'll do this Yeah I think he's actually like more into work than studying Yeah I like working a lot more I think

I can work 60 hours a week I can't study or do classes 60 hours a week He needs a constant reward Yeah I'm paying school To give me work I'm working to make money

It's like I know The opposite How it works Yeah but So if I could get You know Like you said

The summer and fall off Make some money Um Not spend it Um Then I think it would be a lot better Than you know Just

dragging myself through school And then You know Just racking up I'm even more debt And My credit would be trash

Okay Well make Sure, stick around for the post show, everyone. It's as simple as this. I mean, your second score attempt was correct. I mean, you're nothing in every category, objectively. So Hammer Financial scores, you are at 10. Make sure to check out all the resources.

Length of the description below, as they are what I use or would use in specific situations, including the best budgeting program in the history of the internet, which he f*** needs. Today on the Financial Audit Post Show. I'd still dig into you more about that because it's, it's, you're not making anything now. You have bills that you can't pay.

Your discipline is lacking when it comes. spending. Self-discipline is pretty bad. For me to not spend money, I just stay home. That's my tactic. To watch the financial audit post show, click the join button below.