Financial Audit - I Finally Met The Devil

Episode Date: April 10, 2024

Check if you can rollover your old retirement accounts now! https://clickurl.ca/Caleb-Capitalize ▶The best budgeting program online, at the most affordable price: https://go.calebhammer.com any questions? Email [e-mail] ▶My editors will edit your content into the best viral shorts you can find anywhere online https://calebhammer.com/shorts-editing/ ▶Watch the Financial Audit Post Show: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join _______________________ ▶Resources I use/would use (with discounts/sign-up bonuses): 1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: https://sofi.com/hammer *affiliate link 2) Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 3) Start investing: Click this link to get up to 15 free stocks from moomoo U.S when you make a qualified deposit. Terms & Conditions Apply: https://j.moomoo.com/00Bn5Z 5) Coursecareers: Get qualified for a better job and increase your income: https://coursecareers.com/a/calebhammer 6) Helium Mobile: save a ton on your phone bill, sign up and get 30 days of FREE trial when using promo code CALEB https://hellohelium.com/ 7) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer Learn more about your ad choices. Visit megaphone.fm/adchoices

This was a fucking joke. Okay, but... Okay, stop for a second. Let me finish my thoughts. It's not even that fat. It's like a quarter of some of the other people. The fact that you can't, after all that, you couldn't wake up to anything. Go.

Hi, my name is Alex. I'm 26. I'm from Houston, and this is financial audit. Welcome over to Austin. So I want to know what you do for living here in a second, but... Honestly, this thing, right in front of me. This document right here is one of the more like what the fuck have I ever seen in my life? You made a decision my dude. You made a decision and I know I'm jumping in right away

but I mean this blew my mind so much that I can't not talk about it. The car. The car that you have you had a what? You had a loan on it that was what like 10,000 something like that 13,000 and then you refinanced it in order to try to take some cash out, leverage against the car, ended up getting a $21,560 loan at 29% interest rate, 29. That's like insane. That is one of the most insane interest rates I've ever seen on this show, ever. You took that out. Amount due, $938, which is double because you're getting extra charges in here.

What is that? late fees probably you're probably late on this and the car the car in tippity topity condition with your vint number that you provided for us at the top at the top is worth $8,734 you're upside down dude dramatically upside down in this car and you took it out and some of the money is just sitting in your checking account so i'm just i'm sorry i know jumping in right away with this, but this, it legit, it blew our whole minds. We have one person who goes through all the documents, make sure they're redacting things and putting everything in spreadsheets, and then we, another person that reviews everything, making sure redactions are good, and put together your entire

financial picture, then we all sit down, we all look through it, and then we just try to fully understand your situation and come out with a plan. And every time we did this, every step of the way, we're like, what the fuck? So, what the f... Um, um, Yeah, it was a bad decision. Oh. Oh. Um, I feel like immediately, like, after I, I regretted the way it was done originally. Why did you do it?

You went from 13% to 29%. Yeah, 13 to 29%. Yeah. And I was paying 430. And now, well, the starting rate is 692. and then I called them because of my, yeah, the 900 is, I don't know why it's like that. I already called them and asked them, and they said that it's wrong. But, I mean, it has other charges.

I don't have the second page of this. I don't. Yeah. No, I don't. So, originally the monthly charges are $6.92. But then I did, I called them asking them what? the option or what the process is if I did a voluntary repossession. Well, I was considering it.

And so because they didn't want me to do it, they lowered my... Well, no, of course not. I mean, they're making more money off of this. What would they want you to do it? Why would you take their advice regardless of what you're doing? Well... They're the money people. They're the, I want money from you people.

They lowered the monthly cost to 400. Oh, no, but what else did they do? I don't know if they modified the interest. So it's probably fucking me with interest. Probably not even that, but maybe the term got extended. Probably.

You don't know when the term extends to? You don't know like the loan? Length? It's probably like five years. So it's probably back payments that you haven't paid is what brought it up to that 938. No.

I don't know why it showed like that. Like when you look on the app, it says that the payment I owe, which is my second payment because I did this recently. It is at 400. It's not 900. I don't know why it's like that.

What's your normal payment? 404.61 now? No, 402, yes. How is that different than that? How is it different than what? Than $900? No, 40461. How are you at 402?

Like, how is it different than the document I'm looking at? Well, because you said it said 900. No, look down at the payment. It says 404. Yeah. Is it the 404-61 or is it a different number? It's 404. What is the car?

It's a Ford Fusion. Yeah. 2017 and it's really under the negative equity is not even close but why did you do it because I was unemployed for six months and so originally like in my folder I save like loan offers that I get and the loan offer was offering me 21,000 why do you do that uh because I need money oh just saving loan offers that come in the mail? Those are the most predatory loans ever. Other than walking into

a payday loan place. Is it a bigger than being like homeless? Well, we can talk about that in a second. Well, sure. I mean, let's, okay, fine. What was your job before you lost your job? Before I lost my job, I was a remote call center or person. How did you lose your job? They severance

does. Okay. How many weeks or months of severance did you get? So they gave me six months of time frame. I was a applying the entire time. It was hard because... Six months severance? No, no. They didn't give me six months. So they paid me out, I think, around like 6K. Okay. How many weeks of pay is that?

They didn't frame it that way. How many weeks of pay is it, though, based on what you were getting? Probably three months. Okay. Wow. So that's half the time you're unemployed. What happened during the six months you were unemployed? Okay. So I just want to first say that, uh, I had found a job. The like catch of it to get the severance payout

was to stay until my end date. And so it was hard because I was trying to find a job, but I also didn't want to find a job too soon. And so I did find a job. But then we were incompatible and then I got laid off from that employer. Y'all, this is the time to switch to my favorite high-yield savings account. With So-Fi, 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 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. incompatible how

I didn't like the way they ran things and then they didn't like what I had to say but buddy we're just at that point we're just trying to collect a paycheck and survive I want you to get into the culture you want to get into but if we're on the brink of you said the word homeless if that is in the conversation we don't go into a place

and the first thing we do is you know I think the company should be ran this way that's not what I mean like okay for example the trainer he was making fun of the sexual harassment training he's like uh-huh it's a ha ha ha like he wasn't taking it seriously and then he like that character carried through in so many other areas and so like he wanted to scare us in like with our tests when we were doing tests he would he would like make it seem like we were going to get fired if we lost the test or like if we failed the test and so I'm like that's stupid and the issue that I have you bring it up to

No, I didn't tell, like, that wasn't the issue. I kept that to myself. But the issue was, is that I have certain disability, so I had to shut off my camera. And so they said that I was shutting off my camera way too often. And they thought, maybe it's in there. It has to be on. But obviously, like, if I have a disability,

I'm, like, I'm going to go handle it, you know? So, um. Noah, take a look if that is covered by disability. Well, when they fired me, they used different reasonings and they completely disregarded what like the conversation. Huh? Um, so they had pulled me into a conversation and they were really aggressive and they were like, you keep shutting your camera off and like, if you do this, you're going to get fired,

but I told them, I'm like, I have a disability. What's your disability? Huh? I have overactive bladder. I have asthma and I have like allergies that trigger my asthma. And that requires you to turn off your camera? When I go to the restroom. You're taking it into the bathroom.

Huh? Okay. So the way that a call center, like remote call center job works is they want you hardwired. They want you like your headset to be hardwired to the computer. Yeah. I don't follow those rules because I have a USBC headset that is wireless. So I have. But it's the rules.

I'm still meeting their requirements. But you said it was the rules. If you're not following the rules, you're not meeting the requirements. I'm not saying the rules make sense, but a company's a lot of choose their own rules. Okay. Well, they didn't know that, so it doesn't matter. But what's it called? You're the one that got fired, so maybe it does.

Well, so they didn't know that I was still listening whenever I would go to the restroom. They didn't know that I had a disability either because I feel like it's hard to navigate that and being open about it. But that's, no offense. I'm sorry. Like I, I, I, uh, sympathize with your position. But for anyone to ever be upset for, uh, anyone to everyone, like anyone ever to be upset as someone for not proactively doing something they didn't know about based on something they didn't know about, that's kind of fucked up.

If you didn't tell them, how would they possibly ever know to cater to it? Well, I did tell them in the meeting when they came at me like, Oh, like, if you keep doing this, you're going to get fired. Instead of having, like, what's going on. That's how stuff is supposed to go. Probably because at that point, you just stacked up so much that they're just like, we can get someone better in here. They had never given me a warning or anything.

And so. Well, no offense, but a call center job. I mean, I assume that has to be one of the higher turnover industries. They can probably get someone to fill your seat relatively easy. People are always looking for jobs, even though our unemployment is still close to record lows. like those low as in like there isn't a lot of unemployment right yes the unemployment rate yeah is low right now it's ticked up recently but yes it is still very low comparatively oh well i either way all i'm saying even with that statistic um wherever i're right right now i could google it

but i don't get what what is this attitude that you have and first of all to be clear we are not lawyers or anything, but just from quick Googling from our producer, the employer has to provide reasonable accommodation if it doesn't harm the bottom line of the business. But, but since you did not tell them about it beforehand before the meeting came of letting you go, it's hard to see you having any ground to stand on legally, but we're not lawyers. You might. And then in that case, you'd probably want to talk to an employment lawyer. And if there is a case for you, then you could probably get some money from it. So two things.

I did put that I had a disability in my application. I just didn't bring it up to the training people because they are my trainers. Okay, we'll talk to a lawyer then. And talk to a lawyer then. Because, I don't know. Talk to a lawyer then. But I will say this, you typed us up a whole paragraph and statement of things you want to talk about.

And I mean, a lot of it read is just blaming everything on other people instead of taking any accountability, which, immediately this conversation kind of strikes me as. Like, it doesn't shock me. It's talking about, well, it seems like literally everyone in your life is a bad person and nothing is your fault. Just from what you typed up to us. I'm describing my financial, like how I got into certain financial conflicts. And everything else is someone else's fault.

Everything is someone else's fault. Well, no. Like, how are we going to, you're not going to walk away with anything and do anything beneficial. If everything is always someone else's fault and you're not able to take accountability for anything. Well, I know that I needed. Okay, we're going to elude back to this. Let's get through your finances. One main financial immediately.

Let's talk about this. Oh, late payment. I don't have a late payment. Read the document, the one that you sent us. Are you kidding me? Look all the way down at the bottom. It's highlighted. Late payment.

I made the payment now and it was the first time. But it was late. No, I didn't make it late. late I don't know why it says that I just got the loan and like yesterday it was the first day I had to make a payment okay you know it was my fault from everything that we talked about and stuff I was ready to just jump on the moment that I saw a late payment and they just framed this in a weird way what it was trying to say is the payment was due on the 12th and then a late payment would be the 22nd so that's my fault happy unlike some people at this table to admit when I was wrong

I can admit when I'm wrong 198, 31 a month and this is on a $6,000 new loan balance what is this? It looks like a personal loan potentially?

Yeah, so these two were supposed to be personal loans. I didn't want to do them. Wait, this is a 29% they're both 29% kill me!

They both suck What is this for? To pay my rent. Oh. Both of these were to pay my rent. If people are unemployed, people lose their job and they literally cannot find any job

to sustain themselves, you're right, I have sympathy in that, and there are support systems that they pay into through their work, and I want them to get assistance. You got a job. You had a job. I do have sympathy that you went through a hard thing, but in terms of sympathy for the

consequences of your actions, that's a little hard. Well, at the end of the day, I was just kind of like that we're not compatible like there. Yeah, but you needed to pay bills. Yeah. So as simple as that.

Now you're taking out 30% death and sanity debt just to survive. Exactly. So what I'm saying is... So you know what's not compatible? Your finances and your living. So we probably work there and apply like it's a full-time job

on the side, especially since it's remote and you're just applying to jobs, applying jobs, applying jobs. And when you have something that fits your cultural needs, then you jump ship. Well... How many discounts does USA Auto Insurance offer? too many to say here.

Multi vehicle discount. Safe driver discount. New vehicle discount. Storage discount. How many discounts will you stack up? Tap the banner or visit usaa.com slash auto discounts. Restrictions apply.

About 30% loans to survive because we were less happy at the job. That was not immediate. So, because I knew I was not compatible with the way they ran things at that company. And they had all, like I was still getting calls about other people. hiring and I turned them down. That doesn't make sense.

Because I should have, I should have said yes. Yeah. And I, and I, because you said you realized you were in a cultural fit as this job while you were getting these calls. So why did you turn them down? Well, I'm telling you I f*** up. No, I know. I want to know why.

Well, because I already had a job. And even though it was the wrong fit, I was looking for something that paid hire. The job that I got offered paid the same. Oh, franchise tax. For what? So because I took out my, because I dissolved my 401ks, I'm pretty sure that that is the taxes because I didn't submit a 1099 form. I didn't know how.

There was no part for that. What was your 401K through? What was the? So, fidelity. The second one with the job I got severance was with fidelity. Fidelity. I use Fidelity for my taxable accounts and then I do M-Mu for my individual stocks And with Fidelity, they send you a form at the end of the year or beginning of the next year for tax season

They sent me the 1099 forms, but when I was filing my taxes, I didn't see a part to submit it. Oh, if you did like, what, did you do like turbotax or something? Yeah. I've used turbo tax and they do. They ask you questions and then they only make you submit. The right forms based on the questions that you answer. You just answer the questions wrong. Now, don't get me wrong, filing taxes for someone in your position is overly complicated than it needs to be.

But even still, if you just went through the system and answered the questions correctly, and you knew you had to pay, right? Even if they didn't say, submit the form, you knew you had to pay, right? Well, they taxed me when I withdrew. So I was like, okay, fine, then maybe they taxed it when I withdrew it. okay so you owe 1,552 $0.32. This came in December

we are three months past that oh you've not done anything. I haven't been able to get in contact with them. Okay, our penalties accruing. Let us find out. Don't get me wrong. The Texas comptroller is like beyond outdated. People say Texas is business friendly man just to get a form from them, you have to physically mail in something,

and then wait another week for them to physically mail something out. So this office is a pain in the deal. Trust me, I know. Just trying to see, because this is a screenshot of a piece of paper. I have it if you want it. Yeah, I want to see if there's penalties. Oh, the account balance will increase periodically due to the additional addition of penalties and interest on tax due till paid in full.

It just doesn't say how much. and that is this balance is probably higher and higher and higher and higher and higher and higher higher higher higher higher higher higher higher oh she's looking for that if you want your hammer financial score check it out free in the description below

I have a feeling we're not going to get a great score here you're organized like I love it it's so good it would suggest that your finances are decent and I'm glad you're getting here you're here to start getting help but this is yeah I don't know

it is. Okay, there's no point of being organized if we can't get the things we need. Okay, Capital One. Oh, wait, it's right here. I'm going to hide this so that things aren't. So it says penalties. It just doesn't say what the penalties will be. It's probably on their website. Okay. And Capital One. Balance of $34.7. So it's not really much. you paid off the balance oh my gosh well this one I did not

this time this is the one past due fee and I ain't f***ed one up this time past due fee

yeah but I paid it in full I know but you missed the payment and then you went and paid it because I hadn't gone in the loan loans. Yeah. Oh, so the money from the 30% loans paid on this? Well, yeah, I was trying to consolidate. Oh, if you're taking out loans just to pay on your debt, why in the possible possible, are you spending $227, $84 going out to eat or 4.1% of your overall spending?

And your miscellaneous bull and things that don't matter, $229, $58, or 4.1% of your spending. Why is a single cent being spent on that if you're borrowing a 30% loan to pay a past due thing on a card? Oh my gosh. And also as organized as you are, what concerns me is when you talk to us and you're like, I have $1,000 in credit card debt. You have like $2,500 in credit card debt. Okay. It's like you're organized to the team. You just don't know what's in your organization.

No, I know. I didn't address that. So I have the closed accounts. We haven't talked about those. But the credit cards, most of the stuff I paid with the severance check and then with the 401K withdrawal. A lot of that stuff. But then the one main financial I took out. You've traded your 401K twice, by the way. Yes.

your life. Yes. You're 23 and you've drained your 401k. Sorry, 26 and you've drained your 401k twice already. That's exactly how I feel about it. I didn't want to do it, but I'm really grateful that I had it to withdraw. If I didn't, that would have ruined my credit. My family member would have ruined my credit because we didn't finish. I hadn't gone in there financially. Because, because, because let me guess, when you had the job, when you had all that stuff, you probably, didn't cut back down on all your desires before you built up a six-month emergency fund, which is a requirement to get the baseline foundation of any personal financial decent position. Well, I was not like-

So you haven't gotten there yet. I wasn't- I probably didn't cut back on your bull-s because you haven't even caught back in your bull-uh-now. I wasn't living like a freaking monk or minimalist. Like- If you don't have an emergency fund, and look what happens if you don't. It's worth living like a- a monk or a minimalist for a second insulting people who sacrifice

in order to get their emergency fund. I'm not insulting them, but I'm just saying like the average person is not just going to live off like and guess what? The average person in the United States can't pay a $1,000 emergency. The average person in the United States is f***. You want to be the average person

in the United States? You're going to use that the average person in the United States is as a reason for you being okay to be that doesn't make any sense. Don't be the average person. Saccharacter. Get the baseline requirement for a decent financial future and then you wouldn't be in the position where you're borrowing 30% on loans just to survive after you quit a job because you fell asleep at a job than you took another job and then you weren't culturally compatible. I'm pissing me out. I'm sorry. Kind of. I don't know. I don't know how I feel. I'm I have confusion.

My emotions are testing with me. I am episode two, Obi-1, Kenobi. Anakin My gosh, I can't even make references To, can't even make nerdy references right now. I'm struggling so much. I'm about to go slaughter some younglings. I can't I don't know what you're talking about.

Yeah, it's okay. Bank of America, $402.44. Purchases, $600. Let's see what those are. $500 limit. We're at $402. We spent $603.

Rewened my entire life. now $25 minimum fee payment fantastic great interest is accruing lovely is that my credit card oh good we're going getting some tequitos in the market we're getting some pandexpress go to raw stores we're show glow compete it competition competition you're competing with glow glowing glowing whoever glows the most no it's for wellness competitions they're posing clinics why'd you pay for that What'd you pay for that? It's a fitness thing. Oh, yeah, that's about to be a whole thing.

You and your fitness, I'm all about it. Do it. It was $10. Yeah. Okay, but the people- No, no, no, no, no. Let me finish my thoughts. No, let me finish.

So what I'm saying is that the people that are training you and teaching you there, usually you have to pay $300 for each individual. Congratulations, you couldn't afford $10 either way. So, guess what? As we go through the statements, you go to every gym that you've ever passed by, every gym that you drive by. I bet you're on your way back to Houston.

You're going to sign up for five Austin gyms before you leave the city. You have every gym subscription. Health and fitness. I'm all about it. I'll put it in your budget when you are someone who's not doing well and you're trying to get out of debt

because that is important. You subscribe to every gym, fitness thing ever. No. Well, we'll go through them. I might get a day pass here, but. We'll go through them. Spex's glasses, right? Spex not liquor.

Well, never mind. I just apparently I don't, since I don't drink, I just assume specs means spectacles. So great. Yeah, glug, glug, glug, all the data was. I got well whiskey for $16 and then I got coffee. Cool. Can't afford that. I can't afford that coffee.

Like beans? Yeah. Okay, that's okay. Yeah. But you went and got like some coffee from there. They ground it for me there. No, well, that kind of sucks. You'd want to grind it right before you start your brew.

Just saying. You know, I'm a combative little... Bees connoisseur here. I like a good bean. Okay, so, but we're not trying to spend money. What? Yeah, because if not, because I bought an espresso machine, but then now you have to buy, like, the grinder and the little thingies and all that stuff,

and I'm not... I just got my beans ground. When did you buy your special machine? You're not going to like it. It's an investment. Oh, shut the fuck up. I bought it on Black Friday Shut the fuck

And I got You know it's an investment Mr. Coffee for $40 $4.000 That's an investment because you're paying off your debt Better investment I agree but you can't afford to survive

No no no no no I bought it on Black Friday It was valued at $300 and I got it for 75 I got it for 75 And now you need to get the grinder Now you need to get the beans I didn't get it I didn't get it I just got my beans ground

Yeah For $7. $1.000. HB will grind your beans for free. I love HV. But Spex had whiskey coffee grounds. Oh great. No, no.

Whiskey coffee grounds. Like it's a flavor. It tastes good. Verizon. That's a big one. $2,0.20. 17 cents in terms of a payment. Why the f***er not using something like helium for $20 a month?

I don't know. But what the fuck is this for? So I. Didn't I had to discontinue my services and I had bought devices and so that's the remainder of the The cost you leveraged devices you took out debt for the devices. You're not by the devices well I was financing the devices What devices? What did you get like the phone? Like the phone yeah you got a phone. That's not two thousand dollars a month? Huh? So I got the phone. I had gotten my data phone and then he didn't he didn't like it. So he broke it instead of letting me return it. What the fuck? is he? A child?

That's what I say. Then why are you supporting him? Because he's living like a homeless person and I felt bad. I wanted him to be able to contact me. That's enabling. That's enabling. I like that pen. But that's enabling.

And then the other thing is my watch. It fits your aesthetic. Thanks. Oh, the watch. Oh, pull that shit out. Pull that shit out. Look what you got. She got the fucking hiking, biking watch.

You've never hiked and bikes a day in your life. Excuse. you? What the What you mean? And yes, I do a gravel bike. I like to hike. I like to do all that outdoor stuff. That's why I was assuming. You're all glammy with the gold pen.

You look like a go inside, do the elliptical girl. I'm taking assumptions. Hey, the elliptical is what I like. If I like to do any cardio. You should sprint run. I don't like to do cardio. I think you should sprint run. That's fun. Like, check this out. It lets you give

you timers. And and so you can do like 30 seconds at 12 and 45. I'll be honest. I don't give a scene. Okay. Okay. Oh, there's so much more to get through. Your situation's wild.

The notes we have, your life is like a interesting. 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. You're trying to build up your credit score, but it's only 655. It's certainly better than 500. So it was at 690, but with the two loans, it dropped. Oh. Oh, and then also we haven't gone into like the other aspect of the vehicle is that I was

trying to trade it and see if the negative equity would transfer over. Obviously, they're not going to transfer over like $17,000. Yeah, no shit. So when I was looking into doing the voluntary repossession, the guy ran my credit to get the truck on its own. I got

approved, but he ran like six reports, like hard inquiries. So that's not the same category, right? No, they all pull differently. Like, they all reported differently. Yeah, separately. Well, for a car loan?

or what personal loan what kind of loan no for a car loan like with a dealership yeah typically it would it would only count I don't know let me see a report as you as he as he was running it I think what is it 30 or 90 days after you apply for credit you can apply within that certain category without it just stacking up against you like he was applying to different loan providers no I know but it's like if you're like shopping for a mortgage you can apply for different mortgage yeah it pulled like every time like It pulled all these hard inquiries. No, that's fine, but whether or not they're all counting is different. That's like something individual.

This is also credit karma, though. So credit karma is going to just calculate things. Which is not credit karma. No, I love credit karma, but they're guessing. This isn't your actual credit report. They're guessing based on things that have happened. I mean, it's pretty accurate. Well, have you pulled a free credit report?

No. How would you know if they're accurate? What are you? It was literally alerting me as he was pulling those. Yes. I know how credit karma works. Well, I'm just saying that sounds pretty accurate to me. No, yes, but it's doing its guess.

It's not getting the perfect credit score. Yeah. Either way. Okay, I agree with that. But pull your free credit report. Where? What is it? It's like free credit report.com.

Pull it. You'll get your actual credit report. Don't do it now. Do it when you have the time to sit down and go through the entire thing. Because it's a thing. But I have a job now, so. I know. We haven't talked about it yet.

because it's taking forever. $10,000 of student loans. For what? I studied multidisciplinary studies in business administration, digital marketing, and sculpture. One of those is not like the other? For curating. You graduated?

No. How much schooled? So I transferred from one university and to the university that I'm in the current city that I'm in. But I didn't like... How many semesters did you do? The time frame's not accurate because I'd have to do... How many credit hours have you completed?

Probably like 90. Okay. Did you do like three years of school? Technically, I'm a junior. Yeah. But then COVID hit, so I had to... I stopped going to school. Because you didn't want to do remote?

Well, as an art student, that's kind of stupid. And then, plus, like I said... Sure. Sure. Educational value is not as good remote. You're right. In the end, personally, I look at college as more of an investment. Get your piece of paper than get your job. But you're right, especially for the things like that. In person is certainly better.

I like school. Plus, I didn't like the university that I transferred to. Trade school's good. Certifications are good. I like tech ones through course careers. There's a lot of good ways you can go about education. There's a lot of good ways. right now we have 10,272, which isn't crazy of 90 credit hours, if I'm not mistaken. Are we thrilled?

No, especially at the 5% interest rate. Now that's super excited. I thought that was good. I want to see 5% or like less than 5% is what I try to go for for student loans. My student loans are like 2%, so I refuse to pay them off more than the middle monthly payment because, you know, my investment accounts are just like, but you're considering, if I'm not mistaken, from my notes, but you're going to school. you're considering going to school going back going back okay

why um so to finish and um also I was considering using personal loans so up to now I've used subsidized so interest has not accrued especially because of COVID

um but with these loans that I had to take I'm looking to transfer them to get a lower interest rate and I don't know if that is a good idea. Just to make sure I'm understanding, you're thinking of paying them off with student loans?

To transfer it over, then I will pay the student loans. What do you mean transfer it over? I will use the loan money that I get, pay them and then pay that out. That could be like actual trouble for you. Because when they give student loans, it's qualifying for certain things.

Student loans can qualify for things related to transportation and housing, stuff like that. Well, that went to my housing. these are their own individual loans whether or not they will accept in their agreement that you are using the student loans to pay off another debt i would doubt now that relies on you getting caught even still and then what how are you paying for school if you're using all the loans to pay off the other well i get financial aid and then i would probably have to pay you mean by that financial aid can mean a few different things Pell Grants? Yeah. So why would you be getting, why would they approve you for student loans?

That's how I've always gone in it. I've always gone and offered for the grants and then I've always got in loan offers. How much do the Pell Grants cover? Because you have student loans right now. They cover, like from when I was going to school, I used to, like, out of pocket, I would probably have to pay like three, less than $3,000 out of pocket. Okay. How can you do that?

You're taking out loans to pay your, you're taking out loans to pay your, credit card minimums. So how are you paying $3,000? I would do both. I would probably get like, I would get offers to probably for like, probably like $20,000. And I would only take the subsidized loans.

But in no offense, but I don't think you know what your plan is here with actually paying. It's an option. With paying for the $3,000 because you literally drained your 401K the second time to pay off $5,000 in tickets.

I'm trying to buy time Because if they would be deferred And well some $5,000 worth of tickets And you drained your 401K for that How are you paying for $3,000 out of pocket for school? With the loans Student loans

You said the student loans We're paying off these loans But I get more than that So this is debt for debt for debt But at 5% interest Versus $25,000 in tickets Huh? Oh, yeah. So like,

Like you said when you were talking that I don't take... No, you said I don't take responsibility but also as a child, like, how am I, if my parents didn't set me up for success, how am I supposed to be, operate successfully? You know what I mean? Are we about to have the excuse again

where, oh, I don't learn anything from my parents so I'm incapable of doing anything? Like, that's what everyone says on the show. I didn't say I'm incapable. I would, trust me, my parents were financially the vast majority of my life. I'm very proud of them and happy that after I left to go to college, my dad's small business started to pick up and my mom's nursing career started to do well.

And they actually live a good life now. But the vast majority in my life, no, it was a struggle. If we wanted to go out to eat, it was something special. It was something special. I didn't learn budgeting. Their first financial tip for me when I was 18 was take out a credit card to buy a piano that I wanted. Good for you. At least you had that.

At least you had that. Oh, shut the fuck. What I am saying is that is not an excuse for my failures. I then went out of my way No, no I then went out of my way To learn what it took At 16, 16, 17, 18

That's when you got these tickets? Yes Because no one told me how to drive My dad literally told me to go pick up a car And then he was like, go drive it back to the city You're- Why didn't you ask like a counselor at school? They're supposed to teach you how to drive

No Why didn't you ask a counselor at school? Hey, my parents would teach me how to drive How can I learn how to drive? I didn't know to do that. Okay. That's okay. But so it goes back to he was getting...

I don't think enough people approach their counselors for things that they probably shouldn't need. I know I didn't. I should have. So that's fine. Obviously, I would have loved you to, you know, take a bus to driving school or something. That's what I would have preferred. So you ended up just picking up a car. Yeah, he gave me a car.

He has a auto shop, but it had black plates. they're not supposed to drive them like 10 miles away from the dealership. I didn't know that. And then I kept getting stopped, obviously. Okay, well, first of all, what the fuck? After one stop, that's it. They didn't tell me. They were just giving me tickets for no insurance and then for the vehicle not being under

my name. And then did you get insurance to get the vehicle under your name? I did. My dad wouldn't help me to get the vehicle under my name. So why did you continue to drive it though? You knew that was incorrect and you were facing penalties. Because I had school full time and I had three jobs. So you know I find it valid.

Okay. You didn't know you could talk to the counselor. Your parents are not helping you and your dad said, hey, go do this. And you took the advice of your dad. That's great. You do that. But after the cop tells you, here is a ticket that you now owe, congratulations. You're in trouble with the law because of this, that, and this.

You don't then go do this, that and that. And all of a sudden, the excuse is no longer valid because you learned your lesson and you chose to Continue. So it wasn't until Marf, when I went to go to Marfa, that the Border Patrol agent that stopped me there told me about the black plates and made me aware of why I kept getting stopped. So I had already gone in several tickets from that time. But it doesn't, it doesn't matter though, because you still didn't take care of what was necessary that you're getting tickets for when you stopped. I didn't know how. My dad had that fired under his name. No, no, you didn't know why you were getting pulled over. But they still told you you need insurance and it needs to be under your name. That's what I'm saying. I didn't have. the ability to do that. No, but you knew that you were getting into trouble for it. Yeah.

So you don't, regardless if you know how to then fix the situation, which by the way, Google, but regardless, if you don't know how to fix the situation, you still knew that's why you were getting tickets. So stop. Bus! You live in a major metro. No, no, no, no, no. I was going to school in a border city and the transportation there, the public, I did have to

take it. in Laredo. Okay, well Laredo is one of the bigger ones. No, the buses, okay, because, so the time chain on the car ended up busting. Well, I'm not going to assume Laredo. I don't know their public transportation. What I'm saying is, eventually, I didn't have a car to drive, and I didn't like, argue with my dad.

So I just bought a bike from Walmart, and I was riding it until literally, like, the seat fell off, the handlebars fell off, and then I tied it up, and then it got stolen. And I was literally like running 12 miles from my house to school. Listen, I feel sympathy, but this is, again, if you know you're breaking the law, it doesn't mean that you're allowed to just continue doing it. And the cop has to tell you why they are giving you a ticket. They have to. They said they only described, they didn't tell me why they were stopping me.

I didn't know the black plate. Again, that doesn't matter. It doesn't, I don't give it why they were stopping you. They told you why they were giving you a ticket. Yes. And yet you still did the thing. Because I didn't know how to fix it. Doesn't matter.

Doesn't matter. You still chose to do it. And also... Yes, I didn't need a drive. Click, kick, click, click. Oh, look, I just Googled it. Well, at that time I was a completely different person. No, I mean, that's fair.

To an extent that it's fair. You know what? I am beating up your past a bit, a bit. And I have been very open and honest on this show that my past is filled with a lot of troubled things, a lot of f*** up, you know, f***ing up. And just a lot of stupid things, not treating people well and just all the stuff and that does not define me today what happened a decade ago what happened five years ago doesn't define me today what happens 15 years ago doesn't define me today same with you same with

you so i will stop beating you up for this what you are today is all that defines you what you decide to do from here is all that defines you my main purpose of bringing up the ticket thing is because since you had to drain your 401k to pay for the $5,000 that's why i'm concerned like how are you going to in the future now pay for this $3,000 out of uh uh for school and I guess you said for student loans so we can move on yeah you're under the put a PSFL program I always say it wrong yeah that that's how right now it is the loans are deferred for 12 months so basically I have 12 months to figure out it should say it on this um but around january but I have 12 months to figure out what to do with them if I go back to school they will

continue to be deferred so that's also another reason why I wanted to go back Because before all of this, when I was in San Antonio... No, don't go back to school just because it continues to firm. That's stupid. Yeah, but it also goes... $10,000 isn't like an insane amount of money. It's like $100 a month. And if you are actually properly working, that is not a make-a-break.

Well, what I was going to say is when I had the job and when I was in San Antonio, I was already getting ready to pay these back. Okay, you owe an energy company. Yes. And... It was $200. And then because I disconnected, they added a $2. $200 disconnect.

Why not paid it? And when was this? Um, I don't know. And like, I just... $402. $18. Let me just try to get through your finances, my guess. Who, synchrony.

Didn't we already do synchrony? No. Great. So... They have nothing available to spend. You're over the credit balance. No, those are closed. They closed.

Because when I was unemployed. Good. Not good. Those are my favorite. That's, you know, that's the stupid thing you've ever said in your entire life. What do you mean? That... favorite credit card?

They're taking advantage of you. You're not taking advantage of it. You are not a credit card person. I don't give a shit. That's, I don't believe that. What do you mean? You're getting, what do you mean? Do you see that Layfee that just happened?

What do you mean? One lay fee, okay, calm down. And I could have called to get a taken off. Late fee is, one lay fee is all it takes to not be a credit card person. You failed it. Interest were accruing on two cards. Because I was unemployed. Your credit cards were closed.

You failed it. I was unemployed. Yes. because you didn't sacrifice previously in order to have a full of fun. And kiss someone's ass. And don't want to have a foot. Kiss someone's ass. Stop interrupting me.

You didn't have an emergency fund. You had an emergency fund. You could have paid for that. If you didn't quit a job without a backup, you could have paid it. Why are you slamming the table? If you didn't, because that's what I do. That's why. Welcome to me.

No, you don't like when people slam on the table. Why are you slamming on it? My show, my rules. Navigating through retirement plans can feel like a maze, Believe me, I get it. That's where today's sponsor, Capitalize, comes in. A free concierge platform to find and transfer your old retirement accounts into an IRA of your choice. Capitalize stands alone as the retirement savings solution dedicated to making your money transitions

as smooth as butter. They manage your entire rollover from start to finish, tracking and adjusting your retirement plan for life. Forget the old ways and long and complicated 401K rollovers. With Capitalize, you have the last. avoid the endless calls, complicated documents, and the hassle of mailing checks. So here's a crazy fact. The average American risks losing $700,000 over a lifetime by neglecting their 401k.

Capitalized is here to change that. All you need to do is tell them about your old account, and if you're unsure, they will help you locate your 401k and choose the best IRA. And after a few quick clicks, your old retirement account is now an IRA you control. The best part about Capitalized is it's online, easy, and absolutely free. Their experts are in your corner offering unbiased recommendations for your IRA options. Click the link in the description below and see if it makes sense to roll over your old 401k's and secure your financial future today.

Then you're also fired from a job because you fell asleep, which is a very reasonable position for a company to fire someone. Synchrony! So that those are emergency credit cards. Those are emergency credit cards, and that's why I like them. But I wasn't paying on time, so they did close me out. Emergency fund. $1,323.45 cents.

Where is Rosa? Huh? Where's Rosa? Hanging out with our video editors. Mika really likes dogs. So do I. I wish she was in here, but it's okay. Do you want to hear about that poor decision?

Oh, sure. So that, that, so. prior to all of this, I was on track. I was paying everything. I was doing good. But I had made a lot of poor financial decisions. Rosa was one of them. She was $6,000.

Really? Well, I love her. She's awesome. Selfishly, I'm glad you did it. Financially, for you. I'm sorry. Stupid, yeah. I don't regret it.

I love her. No, it's... I wouldn't do it again. Sure. Yeah. Sure, sure, sure. But I mean Dong man's best friend

Yeah Wouldn't regret that You have pup insurance? No I'd get dog insurance Because something happens to roast It's going to cost thousands of dollars Well that's what that card was for

Because That's not how that No no no Let me tell you the story Because she bit my inhaler And then she got Albuter all poisoning And that cost me two grand

Yeah get dog insurance It costs you 200 Who else would like to die right now Just me Oh calm down I'm not even the worst person on here. $697.

$88. And so those are on auto draft, but the interest is literally like half. Yes. Welcome to credit cards and why Sue you should never use them. I am a credit card person. I pay them. I

just got unemployed. You know what? I feel no desire to continue this conversation. You just said you're a credit card person? I think so, yeah. I have all the other credit cards that are paid off. They, they, or two of them were going to interest and one had a late payment. So shut

though. No, the ones that you didn't see. Those are at zero. There's a checking account here. It's a bunch of bullshit spending. There's you getting kicked off a lift. Why are you kicked off a lift? There's all this extra stuff. You're spending 200 hours a month on various gyms.

There's so much more we could go through. That's this absolutely ridiculous. The fact you just said that is a joke. Look at you. What is that smirk. What is that smirk? You're being dramatic. You're being oblivious if you think you're a credit card person. Oblivious to your reality. And the fact that you consider yourself a credit card person, the fact that you made so many

excuses for so many things and sounds like you're going to make dumb decisions with your schooling, I have zero confidence in what can I do to help you going forward? I don't know. This is upsetting. Going through getting some Thai market suits by Jody. Tequitos, cash app and out money. Cash app and on money. A vending machine.

You don't want to know. Apple. Tequitos. Cash shut up. Apple. Cash app. Cash app. Clarning something. Starbucks. Tequitos.

Oh my gosh. What? What do you want? I'm just trying to read some documents. I... Good. Is this how any conversation with yours? I clarned.

She in. Thanks for interrupting me for that. That was necessary. What did you spend $1,384 on Walmart for? Rent. From Walmart? Yeah, I get the money order. Starbucks, Churches Chicken.

Very necessary. We can't afford our bills and have to take out 30% debt in order to pick a $25 minimum monthly payment on our credit card. This is so short, guys. Tequitos. Tequitos. you do keep the change transfers all the time but guess what your balance is too low so it didn't allow you to cash out money apple money out tequitos some tostada tostada apple cash sent out keep the change transfer or we're transferring it but it all comes back in there is one of the gyms there's one of the gyms we had one of the gyms on the last one and henderson cane and cash happening out henderson cane cash happening out that might just be a repeat uh from your screenshots vietnam kitchen vietnam kitchen vietnam kitchen ho ho ho dumplings oh my gosh

i'm turning into george that was a george sound kill me what is my wife street food tequitos another gym oh gosh that happened out 25 dollars maintenance fee the laughter's pissing me off these are your f fift up decisions and you're laughing about it shut the fuck oh my god what have you ever had anyone in your life sit you down and actually give you any sense of reality ever? No. Yeah, that's apparent as... Well, I'm sorry, I didn't have that. But then come into this conversation and just fucking take it in so that you can improve your life

and then instead of just sitting there like a smug... Bad word! Well, you're just a little dramatic. Zelling up money. Keep the change. You couldn't be transferred because you had nothing in. there. Well, I don't really care about that.

Oh, let me get through the document for sake. Little Caesars. Tequitos. People were going to think I'm being so mean at this episode, they just have no idea what it's like to say right here. Oh, they have no idea. He is mean.

Huh? I said he is mean. Savings has a little bit of money. It was mostly from the thing that you took out the loan. So it was just sitting there. I have a thousand hours in this Chase account. Great. They're taking out the loans stupid You threw my pen. No don't pick up her pen. Yeah, pick up my pen. You pick up my pen. You dropped it. You're capable of doing anything. Okay

That was funny. That was funny Now you can pick up both of our pens. Oh, you're on your own your what the f*** what's the with you? What was that stair? That's the I'm I don't know what the fuck do with this creature in front of me. Look. What kind of creature am I? I'm sorry.

I'm just losing my mind in this conversation. It's not even that bad. It's like a quarter of some of the other people. You know, it's not about that. It's about your actions and what you're doing. I had no choice. I giggled for a second. I was happy for a second and you just, you just...

But I had no choice. Honestly, okay. I'm sorry. I hate to do this. People think it's for drama. I can't get past that. I can't get past that. And yes, this is a real fucking human being. There are actually somehow people like you out in this world and it's insane. I don't know how we're even surviving as an economy and culture. This is crazy. I'm going to pet your dog to calm myself down, but I would like leave this studio. I'm going to go in the other room and just like get on my phone and like melt away from this insanity. This was a fucking joke. You're being a joke. And I'm being an insulting little

now because I'm pissed. The fact that you can't, after all that, you couldn't wake up to anything, go. Okay. I'm down. Let's save it for the post show. Let's say, hi. Oh, yeah.

Today on the financial audit post show. You asked me a question. I'm trying to answer you. Okay. Well? She says, you know, I don't know how you can cause.

Maybe, maybe 2000 is the credit card. You don't know how to use them and you're like, I'm going to use tar cards. I'm really good with fire cards. You're not. Huh? Oh, there it is. There it is. To watch the financial audit post show, click the join button below.