Financial Audit - If Her Husband Sees This, He's Leaving | Financial Audit

Starting point is 00:00:00 To watch episodes of financial audit a week earlier, check us out on YouTube. You lied! You fucking lied! You lied! Who the fuck will ever trust you again? Come on! I saw it in your fucking eyes. Those White Walker eyes! I called that shit! And the fact that he can't trust you? Yeah, I understand it now. Download my new simpler budget app to date and take control of your money once and for all. Hi there. My name is Kristen. I am 28 years old from Austin, Texas, and this is financial audit.

Starting point is 00:00:36 Thanks for coming into the studio. What do you do for a living here in Austin? I am a social worker at a nursing home. Social worker, a lot of school. Not always a lot of money. Has done better in the last few years, but what do you make? Right now, 71. See, it's done better.

Starting point is 00:00:52 See, it's doing better. And now for a lot of the school that goes into it, but 71. Okay. So let's hitting your account on a monthly basis right now. I get about 23 each paycheck, so probably 46 total. Yeah. Okay. So how do you feel living in Austin? How are things going? I more recently, okay. We're planning on moving somewhere cheaper. We're planning on moving. My husband and I, yes. Oh, this is a jewel. Yes. Yes. Okay. What does he make? He just started working as a behavioral assistant at an elementary school. So it's the total household.

Starting point is 00:01:33 Income. So starting next month, he'll start getting $1,200 a month. And then August. $1,200 a month? In August, it'll jump up to, I think, 27. Even still? Mm-hmm. Why is he getting paid nothing?

Starting point is 00:01:49 He's not quite a teacher yet. So his goal is to get a salary position as a teacher, but he's just not there for. Crazy. So 5,800 comes on on a monthly basis. But for Austin, okay, you know, you're in the median. So I'm surprised he's making so. How old is he? He is 24. Okay. Okay. That makes more sense. So we have a lot of debt. Why is he not here? He's working right now. Okay. So what is going on? What are we talking about? I think I have a little bit more wiggle room than I give myself credit for. I want to get that. What does that mean to you? I mean, I don't, all of my bills, like there's left over money and I, I don't do well with it. So I want to figure out where to do well with it.

Starting point is 00:02:42 I need to put more towards debt. That's why we're here. I have a lot of debt. My debt to income ratio sucks and it's really limited. But do you have a lot of debt? I haven't made the best financial choices. Why haven't you made the best financial choices? Good question.

Starting point is 00:02:56 My husband and I would love to figure that out. He's kind of lost a lot of. trust in me financially and there's a lot I need to figure out. So there's a lot of trust in you financially. How long have you guys been together? We started dating end of 21. Okay. So where was the trust and where is it now? There were a couple months last year where, uh, we weren't meeting rent and that was kind of, you're meeting rent? Well, we, were you making this income? We eventually, like we, we, we never were late. We ended, we got help. Then what do you, you got help? We got, uh, his parents.

Starting point is 00:03:30 His parents. Were you making this income? Yeah. How are you missing rent? His parents. Yeah. So your father and mother-in-law had to cover your rent when you make $70,000 a year? Not all of it.

Starting point is 00:03:44 They would cover the portion that we couldn't. But how are you possibly missing? Okay. I'd lose trust in a partner too if that were happening. Right. Yeah. So what? What was possibly happening?

Starting point is 00:03:56 I had to pay my car bill. I had other bills to pay. Yes. As we all do it. Everyone else in this entire literal country. Right. So what was unique about your situation when you made above the median person in this country? I think part of it, I think I want to be able to refinance my car.

Starting point is 00:04:20 I have a lot of credit card debt, student loan debt. No, why were you not paying your rent? I just, once those others both came out, I didn't have it. How did you not have enough? You just said you have enough wiggle room. You just didn't know, you f*** up your money. So what do you mean? Well, I was using credit cards for rent for a little bit for a couple months.

Starting point is 00:04:40 For why, though? Again, in the mathematical, what's your rent? About 2,000 a month. Okay. That sucks for the 4600. Was he making any money? Not. He had just moved back.

Starting point is 00:04:52 So why are we guys in a $2,000 a place at that point? Because if we're bringing in $46 a month. Well, at the, when I... Like, that's pretty brutal. We're talking about 43, almost 44% of your neck. going to rent, which is pretty brutal. Then we have utilities on top of that. Rent is insurance is pretty minor.

Starting point is 00:05:07 Internet. And then all your bills, yeah, I can see it's starting to become hard. So why are you guys in a rent that was obviously more than you could possibly handle? At first, I was doing okay. And then when he came back, I kind of fell off the horse and wasn't spending wisely. When he came back? Well, he was, we were kind of long distance for a second. So I moved to, he was up in Wisconsin.

Starting point is 00:05:31 That's where we got. Yeah, that's long distance. Yeah, that's where we met. So he was finishing college up in Wisconsin while I was establishing down in Round Rock because I got a job offer. I actually lived with his parents for a couple months while looking for an apartment, found an apartment, did well. And then... What was the price of that apartment? 2000.

Starting point is 00:05:49 It was that apartment. It's the same, yeah. So what went wrong? How did it get bad once he got here? That doesn't make any sense. He was still looking for work. And then when I first moved into the apartment, I didn't have the other credit cards. I only had one credit card.

Starting point is 00:06:02 Yeah, why does a credit card matter unless you're fucking it? Yeah, so they got spent on. Yeah, they got spent on and then I had more bills to pay with the money that was coming in. Why were you spending more on the credit card than you could possibly? And I honestly didn't even think about rent until like it was close to do. And then I'd realize, oh, shoot, I don't have the rent money to pay. You're saying your husband, husband? Yeah.

Starting point is 00:06:29 Is lost trust in you? And it's because of this? What does this look like, this loss of trust? That's crazy. You guys are barely married. You couldn't have gotten married that long ago. In October. And he's losing trust in you?

Starting point is 00:06:44 What does that look like? It was during our engagement period where it was like, I don't think we're going to make rent. And that's when he. Did you guys make a past engagement? Love. But he told me when we started not being able to make rent, he was like, what do you? mean we've been fine. That's when he found out that I was putting some on credit cards.

Starting point is 00:07:04 And he was like, that's when we got our joint account officially started. Because he was like, I want to see what money is coming in and going out so I can figure out where we're going. Single household got it, basically. And now he runs the rent account. So he'll take out every port. Rent account. Yeah.

Starting point is 00:07:19 So he with his bank has a rent account that he holds. So you needed him to come in and rescue? He wanted a roof over his head. So he took that portion over. Yeah. Why couldn't you? even be considered close to responsible enough to deal with it? Well, I'm responsible enough now to make sure that there's 500 each paycheck that he...

Starting point is 00:07:37 500 each paycheck. Yeah. So we each contribute a thousand to meet the 2,000. He only makes a thousand. Yeah, so all his money currently goes to rent. And he doesn't have, he has some... But he had to take this over because you could not do it. Correct.

Starting point is 00:07:53 But... So this loss of trust then is obviously critical. I mean, you guys are trying to make it in a full marriage. What does this loss of trust look like today? Are you like not allowed to touch it? Like what does it look like? Well, at this point I've been as soon as my paycheck hits, I will pay all of my bills. And then we have a little bit left over.

Starting point is 00:08:13 He takes the 500 out immediately each paycheck. Yeah, but what does the lack of trust look like? It's gotten better. No, it's not. For the most part, because I'm able to divvy out the money. Yes, but what does it look like? What is, what are you talking about? It's better.

Starting point is 00:08:30 It's better. but what does the relationship look like with the lack of trust? You told me he doesn't trust you. There you go. Thank you for an actual answer. He questions a lot of my spending. And, you know, I'll go to him. I'll be like, I'm thinking about going to like get my nails done or something.

Starting point is 00:08:45 And he'll be like, why? That makes no sense. That's $60 that you don't need to spend. Probably seeing how this is a lot of, whoa, my, a lot of paperwork. Whoa. So I usually, not that he requires me to, but I usually run any. like anything coming out of our joint account, which is where I spend all my money.

Starting point is 00:09:05 But you said lack of trust. I run everything by him at this. Yeah, but you are. He's not asking you to, right? He prefers that I do. Okay. Yeah, he checks the joint account almost daily. So I asked.

Starting point is 00:09:17 So it's not that a privilege was taken away. Right. He just monitors everything a lot more closely. So that he doesn't have to ask if he see something that I didn't tell him about. What about the fucking? Before you guys got married, what about the 27 years leading up to that? Or the nine years of adulthood? I have never been great with money.

Starting point is 00:09:38 I started working when I was 16. Financial situation growing up. I've never really been frugal with any money I've got. Then how did you guys' conversations with money go leading into the engagement, leading into the marriage? Well, when we first moved in with each other, I didn't have to pay too much in rent. I only paid 20% of the rent. So that was about $200.

Starting point is 00:10:01 And that was $2,200 was easy to pay. So it didn't question anything. You guys, so you had to require him to question. There wasn't much. You guys didn't talk about what you guys' finances were like. No, not. No, we couldn't really hit rent. Because there was nothing to question.

Starting point is 00:10:17 What? There wasn't, why does it have to be questioned? You guys were getting a long term. Everything was fine. Everything was fine. But what did you want to know what's your significant other's finances look like if we're headed into a lifetime?

Starting point is 00:10:27 I knew he was good financially. Does he have any debt? A student debt. Yes. Federal private? I think both But he's only paying his federal. His parents are doing his private. That was their agreement. It's their agreement. It's still interesting dynamic, I'm sure. Why did he have to borrow so much school? Is it a public? No, it's a private school. Oh, okay. Okay. Great for his $1,200 a month he makes. That's wonderful. You guys didn't communicate. So I'm not surprised that there's a lack of trust now.

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Starting point is 00:12:23 tool for smarter budgeting. Go to RocketMoney.com slash Caleb or click the link in the description below to join in 5 million members and try it for free. That's rockamoney.com slash Caleb or head to the link in the description below to check it out and get a hold of your finances today. Well, at first, there wasn't really much to talk about because we were doing fine. So we just assumed, oh, we're all good. There's nothing really to question. And then once we weren't able to make rent, it was like, oh, now we have to question it. Well, what's an interesting dynamic that I'm starting to see already in this and kind of why I wish he was here? Listen, he's not making much money. His parents are

Starting point is 00:12:56 paying for his federal student loans. His parents jumped in when you were not able to pay your rent on time. Are they helping in other ways? Right now they pay for groceries, but that's- They pay for groceries for a 28-year-old who makes $72,000 a fucking year year. They seem happy to do it right now. I'm sure they seem happy. I'm not saying that they are evil, but what they probably are doing unintentionally is

Starting point is 00:13:22 enabling your stupidity. You bring in household. hold 5,800 hours a month, 6,500 from you. Do I have all household expenses or just your accounts? I mean, he doesn't. Do I have any accounts of his? It's online, but there's nothing he's paying for. So there's no other accounts that he's spending in?

Starting point is 00:13:46 He has like his personal account. Okay, that's his own thing. Okay, so 4,600 comes in. How much did you spend last month? Probably that much. Why would you still be in debt or going into worse debt? I don't know how much. I can't put a dollar amount on it, but.

Starting point is 00:14:03 You have no inkling of what you spend on a monthly basis? Probably about 4,500. Okay, 6,900. Okay. You spent 6,000. It was basically 7,000 hours when you bring in 4,600. You do not leave this studio until you download the simpler budget app. Okay.

Starting point is 00:14:18 Because you get the premium version so it automatically connects your accounts and everything. Okay. All right. And there's the community so that you can ask questions to everyone else as well. Where did that number? What else did I spend there? Oh, we're going to go through it. You better believe it.

Starting point is 00:14:32 But that will tell you, you will never not be able to answer exactly how much you spent in a previous month. You will never not be able to answer where that money went to. You will build up the categories. It will be automatically connected. You get it for free. They get a free trial before they commit to the premium version, which the free trial is good anyway. But either way, you get that. And just like those who sign up for the annual version, I send them a Founder's Edition.

Starting point is 00:14:57 one of these all signed. You will journal your budgeting process and you will bring that back on and I will read it when you come back on the financial audit, follow-up channel, okay? Okay, will there be like any wiggle room in the budget for like fun?

Starting point is 00:15:12 Or are we all focusing on debt? What do you want to do? I mean, I want to be debt-free, but I don't know what the fuck are you talking about? How about you have fun after you get out of debt? How about you already had fun and that's why you're in debt?

Starting point is 00:15:23 How about it's time to grow up? It already looks like you're graying anyway. Okay, well, I mean, fun as in like, you know, twice a month nails done hair, you know, I don't party or anything. He's even against it. Do some fucking strap on nails. That's not what they're called. Glue on nails. Press on, yeah.

Starting point is 00:15:39 Press on nails. Okay. I will work on it. But I don't think I spent that much. I can't think of how I would spend $2,000 over what I... It's because you don't budget. You don't track your shit. No, no shit.

Starting point is 00:15:52 Used to budget, but... Well, congratulations. Used to is used to. Why the fuck did you stop? You know, maybe it should have been a sign when our literal mother and father and law had to pay for our food and rent that maybe we should budget again. How long ago did you budget? In college, my undergrad. Why did you stop?

Starting point is 00:16:10 Well, I budgeted actually a little bit before I moved into the apartment in October of 23. Oh, good. Now we have a massive rent. I think we should stop budgeting. Why? Well, I budgeted to see, because we had two apartment choices. So I budgeted the month depending on the rent of each place. to see where we could land.

Starting point is 00:16:29 Why don't you budget on a monthly basis? The why? I'm not good at following it. So it doesn't make sense for me to sit down all the time and plug in all these numbers and then nothing happens. But you'll never follow it up if you don't sit down. You sit down and you see what you did and you adjust it for the next month.

Starting point is 00:16:45 You build out your categories dependent on that. Yes, action is required. Well, you think you just build it out and it just happens? Well, I get that, but I would also budget and then, like if it went astray, it's not like anything bad happened. So I was like, oh, well, we don't really. You spend $7,000 you make $4,600 a month.

Starting point is 00:17:03 Nothing bad happened? This, you have an absolute. Oh my. Listen, I don't see the paperwork anymore before these episodes because I like to go and blind with the audience and find out what they find out. This is way fucking thicker than I thought it was. That has heft. This is crazy.

Starting point is 00:17:23 It could be bigger. I mean, I spend. It could always be bigger. I pay all my bills on time and everything. So, I mean. Will that be true? I mean, it's been true. Will that be true?

Starting point is 00:17:33 Yes. Yes. It'll always be true. It'll fucking better be. I will lose my shit if it's not. And I don't know because I don't go through them again before like I used to. I will lose my shit. That's what I mean by it.

Starting point is 00:17:44 It hasn't been bad because I pay all my. Your minimums. It doesn't mean your debt's not going up. Yeah, I only pay minimums. But I mean, they still make them on time. What do you think your finances are today? Zero to 10. Zero being the absolute worst, 10 being the best. I got to get into this fat stack of documents.

Starting point is 00:18:01 We'll never get through this. Where do you think you are? Two and a half. Okay. If you want your hammer financial score, check it out. Take the quiz and we'll tell you exactly where you stand at Calebhammer.com or click the link in the description below. And if you want to come on the show and I'll give you a financial beating, give you a wake-up call,

Starting point is 00:18:18 get you connected with all these resources. You get to meet the team. Have a good day here. Go to Calebhammer.com slash apply. I would be happy to have you here. Here we go. Chase freedom. The freedom to fuck up our entire marriage. With a 2,490. Oh my. You are literally, literally $9 away from the max. He's lost trust issues? Who would have thought?

Starting point is 00:18:44 I haven't spent on that in a couple months. $2,49. You can't. You literally can't. Except for like a $2.00 to quino or something. You literally can't. No shit. That's spending probably going to a different card. It had to have with the amount you spent last month. I don't think so. It had to have.

Starting point is 00:19:02 We will see. We will see. 240 or 2,490. and 69 cents with a minimum monthly payment of $80. Okay. So what was the purchase on here? All this interest accruing. What was this?

Starting point is 00:19:18 Freedom rise. I think that one. I don't remember why I got it initially, but less than a year ago, I used. it to get hair extensions. Before a cruise that I went on with my husband and his family. All right. I'm going to bring in some cash. Can I have some cash?

Starting point is 00:19:37 I'm going to bring in some cash. I'd like you to do a little math. How much did it cost to get those hair extensions? What was the amount that you spent? The install was 1800. Okay. And guess what? We're going to do a little math.

Starting point is 00:19:49 Here's a big fat sack of cash. So what you're going to do is you're going to lay out for me and count out for me exactly how much that will cost in the end with your minimum monthly payments after you only put your minimum monthly payments to it and interest accrued until it is paid off those hair extensions count out exactly what you think it is do i need to do the mental math so no go 100 200 200 to 3 4 15 16 17 18 okay so you think it'll cost 18 well you said hair extension so are you asking the whole card that's basically what the card was how long do you you think it'll cost you total once it's paid off only doing the minimum

Starting point is 00:20:30 payments 18 so 19 that's 2,000 at least 5,000 my guess probably 55 you're okay with spending 5,500 on hair extensions I didn't spend that much that's what you are in the end that's what you are in the end well those were paid off no that's what it is in the end your card is all the way up. You just replant. I should push it all the way up. So in the end, the way the math works is your one-time hair extensions. You think it's $5,500.

Starting point is 00:21:05 That's worth it. One time, you'll pay for hair extensions $5,500. But we won't pay rent. We'll pay $5,500 for hair extensions. But we won't pay for our own groceries. Well, I didn't even, I don't, I didn't keep the hair extensions. The hair extensions were only in for like two months. So it's even more stupid.

Starting point is 00:21:20 Three months of hair extensions was worth $5,500 to you? Well, after the, I don't know. Is it worth 5,500 to you? No, that's what I'm saying. Well, guess what? Either way, 6,000. That's what it's going to cost you by the end. 6,000 with the way you're doing it.

Starting point is 00:21:35 6,000 for three months of hair extensions. Congratulations. That's why I took them out so I wouldn't keep spending money on them. But guess what? You are still spending a total of 6,000 on them that are already done in the trash. Gone. You don't care. Oh my.

Starting point is 00:21:55 I care. That's why I took them out so that I didn't keep having to accrue all this on the credit card and just focus on paying it off. You're not. You've only made the minimum. It's $9 to the max. What the fuck are you talking about? You haven't focused on anything. You haven't done a single cent of focus. You don't know what a focus is. Never focused in your life. What are you talking about? Nine dollars. Nine dollars. Guys, this is pretty exciting. We'll zoom in. Let's talk about this for a second. Okay. So I do a little bit negotiating here and there. you know, when we're having sponsorships and stuff like that. And you know, I've been working with Mooma for a while. And I got a little special negotiation for you guys because I wanted to get you free money. Because if I get money from them,

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Starting point is 00:23:06 Let's make some money. Focus. Look you focus. There's no focus. How long have you been focusing? No. $9. That's the focus you've done.

Starting point is 00:23:15 $9 of focus. I used to pay about the minimum payment, but, you know. $9. $9. on time like day like day before it doesn't matter what you've done before there's only nine dollars available on it so even if you did more than your minimums before it doesn't matter because you immediately replenished it with purchases because there is only nine fucking dollars available and i'm not even spending on it anymore so you have nine dollars lady whoa whoa how do i

Starting point is 00:23:51 get that through to you you can't i know i know i I, the interest. Then Joe jerk yourself off over not spending on it. You literally cannot. You couldn't even go to fucking applebees. Oh, take a gas. And I don't plan to. Because you can't.

Starting point is 00:24:12 Oh. This fucking show. My gosh. How long does this take the payoff with the way you're doing it? I, probably a lot of years. Oh, that's a great number. At least five.

Starting point is 00:24:27 Ten. Yeah. I want. I can pay it off quicker. Right? Yes. But you're not. I will.

Starting point is 00:24:42 There is no indication of that. You spend $7,000. I could round up to the nearest hundred. Girl, extra $20. Your boy, your husband's parents have covered your rent and pay for your groceries. And you spend more money than you make still. Shut the fuck up. You're not going to get out of it by saying I will.

Starting point is 00:25:04 You would have. been doing that. Don't pull that. That is not how this conversation's going to go. Oh, freedom classic. Chase's Freedom Classic. Okay. I didn't know there was multiple freedoms. Well, yes, I did. 4,360. These balances are insane. Four thousand three hundred sixty nine dollars and thirty one cents with a minimum monthly payment of 148. Okay. That's also starting to stack pretty aggressively. Oh my fuck. It's only like a hundred hundred hundred thirty dollars from the max. So not much you can spend here either. Good fucking. You didn't, but you only did your minimum fee payment. $105 of interest. What is going on here? What is this? That was my very

Starting point is 00:25:45 first credit card in college. Oh, so we better never pay it off. What have you spent on this? Random stuff probably. I, when did you bring it all the way? I mean, part of that was the rent that we were talking about. Oh, this is where you put your rent? Part of it, yeah. No, how much rent did you put on this. That one, I think, probably two months. When was the last time you had to put rent on this? I assume then the parents stepped on. Like almost a year ago. It's been several months. And then the parents stepped up. Okay. Oh, what are they? Two, they, come on. They helped only, like, they only helped once and then said, we're not helping after this. What is their genuine opinion of you? Do you know, do you even know? Yeah. And? They love me.

Starting point is 00:26:34 Yeah. They love me. I love their son. But do they respect you? Yeah. I think they wish I'd do better, but they love me. Yeah. The person that's going to have a kid with their son probably is a point.

Starting point is 00:26:50 But this first credit card that I put the rent on. Who are you moving this conversation? I don't think they respect you. They cover the rent. Once. You're the breadwinner. Yeah, after you put it on a credit card. And now they pay for your growth.

Starting point is 00:27:06 You just got married in October. How could they have a positive opinion about you? Sounds brutal, but how could they? Like, genuinely, how could they? Because outside of my finances, I'm a decent human. No, I'm not great with money, but look what you're having to do. You're milking them. I don't want them to keep doing it.

Starting point is 00:27:28 Then why do you allow them to? Because I still have to eat. You still have to eat. Why can't you pay for your own groceries if you make above the median household income? in Austin, not household, but medium salary in Austin and the United States. Your household is, though, as well. I have bills to pay with the credit cards in my car and rent and loans. Yeah, but those were your choices that you got into, so now they're bailing you out.

Starting point is 00:27:53 How could they respect that? How could they want their son to be with that? Their son gets with someone and they already have to bail that person out? They agree that we shouldn't be in this financial situation. I'm sure they do, yet they enable. it? Just until we figure our stuff out. Which you never have and clearly have no actual push nor incentive to do so because they

Starting point is 00:28:16 literally pay for your fucking groceries. Just that. Yeah, that's a pretty big thing. But they also pretty reoccurring to. Yeah. Because like I said, right now my husband just makes enough for rent. But in August it'll go up and we'll be fine. Look at you.

Starting point is 00:28:35 you make a great income that doesn't matter for a single second him bringing in more money won't matter for a single fucking second you make great income

Starting point is 00:28:52 and then you blow it all and more he doubles the household income let's say in a decade doesn't matter you triple the household spending look at you that's what you've done.

Starting point is 00:29:08 Doesn't matter if he brings in more money without the change of behavior. And I'll change my behavior. Then why haven't you? I can say I would do a lot of things. But if I haven't done a single inch to doing any of it, why would anyone believe me? Why would I believe you? I've had good stints.

Starting point is 00:29:28 Stints. Like two months, I'm solid good. You know that makes you look worse, right? Because that means if you do well, after this. I have no faith you continue. And I don't love that. I want to be consistent. Want. Okay. So what have you done to fulfill this? I, I, by nature, I'm just impulsive. So I, I don't think before. Yeah, but you have to constrain you then by either not, you need either need to remove access to the credit cards. You need to, again, budget, actually see where your money is going.

Starting point is 00:29:55 It literally tells you the day of. I've been meaning to just shred the credit cards. Meaning to. But again, this is lots of, I've been wanting to or I'm going to yet. None of it has ever happened. Not one time. I have scissors. You can cut them up at the end. If you're fucking brave enough, how long does this take to pay off?

Starting point is 00:30:17 Probably that 10 year mark. No, that gray is going to extend even further down your scalp. It'll be 15. And that's just with the minimum payment, or even if I pay above interest. Just the minimum, which is all you do. Borderline maxed out. Already.

Starting point is 00:30:35 Fill a couple tanks and you're done. I think I have a little bit more wiggle room to pay above. I just need to figure out what that amount I need to pay. Girl, you spent $7,000. $7,000. What are you talking about? I don't think I spent that much. We weren't ever in the red or anything.

Starting point is 00:30:59 It's math. It's math. It's math. It's math. Okay. How much debt do you have? Just student loans is about... How much debt do you have in total?

Starting point is 00:31:12 I'm trying to calculate because... Do a little thing. That is 90. Probably about 150. You're okay with that. It's 160. It's 160. And you say, we haven't been in the red.

Starting point is 00:31:26 Your entire life is red. You're not a credit card person, obviously. So I do what many in the audience do and all other guests and use the FIS card. So at least it only allows you to spend what's on your checking account. Slate Edge. That was my second credit card. We owe. 4,05550, with a minimum monthly payment of $40.

Starting point is 00:31:52 Now they're 15 years. Gone. No purchases. No interest. Is this interest free? Again, this is basically maxed out by $145 left. I think it's interest free for a certain amount of time. And that one I got in December of 20 or November of 23.

Starting point is 00:32:12 But my sister had just had a baby in Oregon And it was a whole family reunion kind of thing And I wanted to be able to go Were you making money yet? Yes, but not enough to pay the whole trip What was the trip? Well, I had to get the flights for both me and my husband Rent a car

Starting point is 00:32:29 Hotel A Uber a couple times Instead of renting a car the entire time Well, where we got the- Max out the fucking car? No, there were probably other spend And also rent probably went on that card.

Starting point is 00:32:44 Rent more fucking rent. Are you kidding me? Fees. Was this a transfer? What are the fees? That must have been a late payment. I've never late paid on those. What is the fee then?

Starting point is 00:32:55 What is the number? 40. This year so far. Is that not just, that's my minimum payment. No. A fee has been charged to you of 40. Would that be the interest? It was the previous one.

Starting point is 00:33:10 I don't, pull up the thing. I'll show you. Pull up the app. I will show you. Show you. No, it is not interested. It is interest free until literally four months from the shit. Please tell me it's not deferred. Okay, it's not. Jeez. It's going to be 28.24% interest once it hits. That's crazy. But as far as, because that card I had used one, oh, I guess it was a late fee. But like it.

Starting point is 00:33:34 That's, I told you. I, I, I'm, I told you. That's all it is. That is all. I told you. You lied. You lied. You lied. You lied. You fucking lied. You lied. Hey, he can't trust you. I can't trust you. Who the fuck will ever trust you again? Because you don't even know you're lying. Tired of phone bills that only seem to add stress. We've all struggled with plans that are too costly and complex. But there's a solution. Today's sponsor, Helium Mobile, is here to change that. They offer affordable and straightforward mobile plans tailored to your lifestyle. buy to high bills and hello to simplicity and savings with Helium Mobile. Imagine having a phone plan that costs you nothing. It's not possible. That's right. With Helium Mobile's new Zero plan, you get three gigabytes of data, 100 minutes, and 300 texts each month for free.

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Starting point is 00:36:28 How did I even know? I have not looked at this day. I have not told me anything I'm going through it, but through your entire setup, I could tell. With this many documents and how you go about things and the justifications you have used, I knew for a fact to some point there would have been a late. And it was literally just the month previous. Come on.

Starting point is 00:36:47 I saw it in your fucking eyes. Those White Walker eyes. I saw it. It was late. It didn't like. Yes. And that is late. And you got a $40.

Starting point is 00:36:57 $40. $40. Hey, you have an interest free card. Doesn't matter. Let's lose the interest anyway by fees. Why are you late? Huh? I probably just forgot to.

Starting point is 00:37:09 Why would you forget? Why don't you have our pay? Frikin liar. Liar! Well, I get paid on the 10th. So I just go through all of the bills that I have to pay in that pay period. I probably just forgot that one. You can't forget. Fees.

Starting point is 00:37:27 Fees. Fees. Fees are being added. Liar. I called that shit. I fucking called that shit. I've been through enough of these now. know exactly who would have a late fee.

Starting point is 00:37:41 It's you. One day is not horrible. It doesn't matter. It is a $40 thing. You are in an interest-free period. But that's not that I don't have a habit of late pay. I don't believe you. I simply can't.

Starting point is 00:37:56 I can't believe this statement. You told me there have been no late fees and I've seen that this year so far there was one. We're a couple months into this year. I don't believe you for a single fucking second. Because either you're a liar or you don't know what you're talking. talking about. And the fact that he can't trust you? Yeah, I understand it now. Jeez. The fuck. You're on an interest free period. You may as well take advantage of that, but you just lost, you lost it. You lost it by letting that a fee accumulate anyway.

Starting point is 00:38:26 What's the fucking point at that point? There is no point. There is no, it doesn't make sense. It doesn't make sense. I just don't understand why even what? trying to think of what else went on that card I think it wasn't the imbizal line that was probably the other thing Is that why I hear a list?

Starting point is 00:38:49 So I have been paying, trying to pay it down so that I can continue making the monthly payments for everything but I don't habitually just I don't neglect it that's what I meant by paying late. You don't habitually what?

Starting point is 00:39:10 Like neglect paying. That's what I meant by paying. You might not habitually neglect paying but you you act like a bit, tell me the incorrect information. Oh! It was an accident. I didn't, I mean, I didn't realize.

Starting point is 00:39:21 Yeah, but how many more accidents are there? Because you don't even know. What? They're telling me that you want to do even more elective cosmetic procedures on this car. After everything's paid off. What? What? I had braces, so they're like, around the brackets, it can, something with the calcium or whatever.

Starting point is 00:39:39 What are you going to do? And then it's just fixing a couple chips. Oh, my gosh. How much is that going to cost? You don't have much. I haven't even entertained it because I'm not going to pay for it yet. Your parent-in-laws, fucking pay for your groceries,

Starting point is 00:39:56 and yet you just choose cosmetics over actually leaving an independent life. You did with the Invisaline. Did with the fucking Invisaline. After you've already had braces anyway. Well, I was getting married. I needed to fix a couple tea. You need brain cosmetics. I'll pay for three free therapy.

Starting point is 00:40:16 sessions from Sondermind. Our audience is a my us. It's good therapy. And I'm going to need them after this conversation. I can already tell. This is a blood pressure kind of conversation. I can already tell because I have a fucking liar for me. What are we doing here?

Starting point is 00:40:31 It wasn't an intentional lie. I just forgot. But I can't trust it. I can't trust that. I can't trust that. It's $40. It's $40. On an interest free card,

Starting point is 00:40:40 it's $0. That is the benefit you are getting. And it's literally, if I saw it for last year, who even knows what I would have seen. now I'm seeing only for 2025. If I saw 2024 for all your other cards, I bet I would see late payments with how you did.

Starting point is 00:40:52 Oh, wait, it's just a day late. It doesn't matter. Yes, it fucking does. It is $40. Stop. Stop it. Get some help. That card's 15.

Starting point is 00:41:01 The other's 50. So, like, are you talking on top of each other? What? Like 15 plus 15 plus 10. So that's 40 years I'm going to be spending on paying off credit cards. Are you? You think that's how. You fucking...

Starting point is 00:41:17 What are you talking about? You think they fucking hold their 15 off until you take her the other 15? I see. I see now. I see what you're saying now. No, I get it now. Oh, fuck. God, geez. Like I said, I think...

Starting point is 00:41:47 That's fucking conversation. It's a special little conversation, isn't it? Or we're here. We're just going to, I'm just going to move along. It's going to have a little, little, move along. All right, what am I talking about next? Syncrony? Yes, that would be either care credit or Ashley Furniture.

Starting point is 00:42:05 Ashley Furniture sucks. I needed a couch for the apartment. Oh my, you little shit kitty. It is $3 from the max. Three. That's the care. $1.000 from the max. What are we doing?

Starting point is 00:42:21 That's the, probably the care credit. Coy. It's the care credit. You don't have to say it's the care credit four times. What are we doing? I use it for the vet and I used it a couple of times for dental stuff. I assume no pet insurance. And what is wrong with your teeth?

Starting point is 00:42:35 You're always, you're always, teeth. Everything is teeth. Well, I had some cavities I had to get filled. So, and those aren't. No more candy.

Starting point is 00:42:42 I haven't had any cavities since. $89. Well, you're still paying for it. Congratulations. So it's basically a financial cavity. It's fucking you. You need a root canal of now.

Starting point is 00:42:52 You have $3. available. It's another 14 years to pay off the $49 minimum of the payment. Wait, no, no, no, $250 of purchases, $250 of purchases. $250 of purchases. Why? Why? My dog, to the vet last month. Why do you not have pet insurance? Because they don't go super often, so I don't want to. That's why you have, you have health insurance. You probably don't go to the

Starting point is 00:43:17 fucking emergency room very often. Well, I have, it's like $80. You think insurance is? Yeah. Maybe. I don't know. Age and health? Age and health.

Starting point is 00:43:30 Oh, my dog. He is, well, I have two. I have a two-year-old and he's healthy. Okay, that's probably like 45 bucks a month. That's healthy. Okay. And that's probably like 45 bucks a month. So we generally only like once a year.

Starting point is 00:43:41 So it's, I'd be paying your. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

Starting point is 00:43:45 You little. Yes. Two years in. Two years in. They have many more years. Hopefully. Those will pop up. What are you?

Starting point is 00:43:53 gonna do then you have no money you have three down you have to i'm fain infuriated who what what are you looking at what are you possibly looking at wait i'm not i don't want to see a picture of them no look at them oh wow it actually is a picture of them they're cute they're dogs i love them over there's great that's congratulations maybe you should actually be responsible with them hmm how are you going to afford a big surgery if one of them eat something bad that's what happens trust me what are you going to do $3 available? Huh? Huh? Huh? Yeah. How are you going to do that? I don't think a average person might be. You're going to let them die. You're going to let them

Starting point is 00:44:27 die. You're right. The average person can't. That's what we do pet insurance. I would find a way to save my dog. You just said the average person couldn't. Yes, I will tell you the way. Pet insurance. Pett insurance. Pet insurance. Are you actually, what the you doing? Are you incapable of hearing that word? No, I'll look into pet insurance. Perfect. It'll go in my budget. And I'm just thinking that pet insurance they would have covered like I mean once you hit your deductible of course But don't you have to pay up front and then they reimburse you so either way it would have like most insurances except for like health insurance Then it'll I'll look into health or pet insurance for my children

Starting point is 00:45:06 Well the $250 is deferred luckily kind of oh oh deferred interest Oh no Oh no There is deferred interest of $87 on a small $309 purchase that is about to hit in two months. One month. One month. Oh!

Starting point is 00:45:28 One month in one week. Yeah, the care credit does that six months. Yeah, the care credit does that. Yeah. The plan was to pay it off. It just, it's definitely, you had so many plans to do things. Other things come up. That's why you don't put it on deferment.

Starting point is 00:45:45 If you're putting things on deferment, everything will always come up eventually that you're not expecting. That's what life is. then everything will be infinite deferment. Do you irritate me so fucking much? I always have a plan. Then the plan never works out. And then I'm going to do this. And then you never do it.

Starting point is 00:45:59 Gosh, I don't know. I don't know. It's deferring. I don't even know the percentage interest, right? Oh, 32. 32.99. That's great. Just to even give you an example how bad that is.

Starting point is 00:46:14 I just negotiated a new deal just for one of our partners. This is like talking about money and how it can actually grow, right? So, MoMo, I always talk about that for our investing thing. The thing I think I just got it, I think we just signed on it. It's like I put $2,000 in there, right? I remember the audience puts $2,000. Or you do. It doesn't matter.

Starting point is 00:46:32 Anyone can put $2,000 in. They literally get $150 immediately, which is a great return in your investment. It's like 8%. And then there's an 8.1% APY on there. That is an incredible investment. That is like a 16% return on your money. It's unheard of. It's better than the stock market.

Starting point is 00:46:48 It's incredible. yours is twice as much as that that's how fucking bad this is what a joke you're just gonna letter it do you understand deferred interest yes that one was so I paid it

Starting point is 00:47:04 explained deferred interest to me interest isn't applied until six months later and it won't be applied if you pay off everything within those six months well guys because unexpected things happen

Starting point is 00:47:17 well yeah and part of the reason then I have to use that because I don't have it at the beginning. It's no longer unexpected if it's expected because it's expected that unexpected happens. So what do you do if unexpected happens? It's kind of like a safety. If something pops up with my dog, then I have this to kind of fall back on if I can't put it on my debit. Oh, no, you don't. There's $3 on there.

Starting point is 00:47:42 What that will be $3. Well, can you show me? The 250. Can we go right now? Can you take me? That'll take $3. But the $250 was from like a week ago when I had to use it. So now I just have to spend it back down to be able to have some wiggle room again.

Starting point is 00:47:59 Oh, but they're dogs. They're dogs, meaning that it could eat something right now. $3? We, we can go. We can go fix them for $3? The only one that would do that is my two-year-old. Okay. So also known as one of them.

Starting point is 00:48:16 He'll just throw it up. Yeah, until he doesn't and it gets stuck in his intestine. Hasn't happened yet. Yet, he's two years old, you fuck. And so I'll get the pet insurance. Okay, but you don't have it now. Where do we go for the $3 treatment? Nowhere.

Starting point is 00:48:30 Hmm. Interesting. What's your credit score? I can't remember what the credit karma said. I want to say it's low $600s. That plus a horrible debt to income ratio. Good luck affording the financing at the vet clinic. But he's healthy now.

Starting point is 00:48:48 Now. We don't have to. You don't understand. Both of my dogs are healthy too. You never know what happens with them. They get a whole different thing of dark chocolate. You need to take them in to do the vomit thing so it doesn't get into their blood. You don't know what happens.

Starting point is 00:49:02 Anything can happen. Dogs are dumb. They're smart, dumb. So we'll get the pet insurance. Yes, but that would fix today. Pet insurance still takes like two weeks to actually implement. After you even find the one you want. What was all this other deferred interest in here?

Starting point is 00:49:21 And the non-deferred interest that is accruing to 30%. What is that? It would, most of that is just bet stuff. Like annual checkups and. So you, so you've deferred all annual checkups to right now, $2,500 of annual checkups.

Starting point is 00:49:35 It just automatically defers. But 2,500, do you haven't dealt with your previous $2,500 of that checkups? I pay the, the, the, the, $2,726. Your monthly minimum. Do you not understand what that is. It takes 15 years to pay off without.

Starting point is 00:49:48 you're putting anything else on it and you always do because you have annual checkups. What are you talking about, lady? Do you not a minimum monthly payment, if you're still putting money on, it doesn't actually pay off the car. Do you understand that? I need to make sure you understand that. Do you understand that? I do understand that.

Starting point is 00:50:03 I do understand that. I do understand that. I do understand that. I need to calculate to see how much I need to pay to actually advance the interest off the monthly. You know what I mean? Literally the minimum monthly payment does that. If you're not putting more on there, you always put more on there.

Starting point is 00:50:17 You always put more on that. That's your issue. Your minimum payment is more than the interest. Well, that was just one little thing. Like, I took my dog to the vet for a follow-up last week. Ladies and fucking gentlemen. Starting a business can seem like a daunting task, unless you have a partner like Shopify.

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Starting point is 00:51:00 I took my dog to the vet last week and then my other dog had to checkup this morning and that was all on my debit card. So I don't use it every time. Because you have three fucking dollars on there. That's why you can't use it. We're back to the first card. You would put it on there if you had availability. If I needed to.

Starting point is 00:51:16 If you had a... I don't use it every single time I go to the bed. I only use it if I, if something goes awry and I need to, I don't have the money in my bank account, then that would be the backup. So I don't use it every single time. I see it's going to be one of these, one of these type of conversations. Oh, my bloody. I still think there's something to work with here.

Starting point is 00:51:55 Yeah, well, your new husband doesn't really think so. He has more hope than he did before. Ashley Furniture. This one's kind of cheap, but wait, no, no, well, no payments. Okay, okay, yeah. Wait, no, yeah. $77. $82.

Starting point is 00:52:14 Thank you. No interest is going to eat $14 minimum fee payment. Six months to pay off. And the promotional expiry is pretty far, so you'll be good. What did you get? A couch for my apartment that I moved into. Do you have it? The couch?

Starting point is 00:52:33 Yeah. Yeah, that's the couch that I got in 20203. And that's, they had like this promotion going and I just. Oh, yeah, it's actually furniture. Yes. A promotion going on is very unique for them. What is this? What am I looking at?

Starting point is 00:52:52 Personal loan? Yeah, personal loan. For why? For why, please. About a year ago, I got a personal loan to pay off credit cards. Guys, I just wanted to say an extra thank you. for making simpler budget an incredibly popular app. I wasn't expecting it, but we literally get like thousands of downloads a day.

Starting point is 00:53:18 And a lot of you are actually changing your financial future and we've been hearing from you. So thank you all for supporting us. We just wanted to continue to say thank you and give people the opportunity to try out the app. So we still have a two-week free trial in there for the premium version. And of course, everyone that signs up for an annual version, at least for this next quarter, we'll get a Founder's Edition, simpler budget notebook. and it is signed by me, sent directly to you. So that's a special thank you for putting your trust in us

Starting point is 00:53:45 to create an amazing budgeting app. And let me tell you, the features that we're going to release throughout this next year are about to be crazy. I'm going to make this the best budgeting app that has ever existed. Seriously, download simpler budget now. It's incredible. The time to take control of your finances is literally right now.

Starting point is 00:54:02 I paid them off and I didn't use them for me. How many times do we have to do this? Oh, my fuck. And how did that work? It didn't. How did it turn out? Real good? Obviously not.

Starting point is 00:54:23 I have three maxed out. As they are all maxed out with like $3 left to spend on them. What's the interest on this? What's the interest on this $10,667. $65. Balance. I would have to. Yeah, why don't you have to?

Starting point is 00:54:41 Go for it. Why would we know anything? Sure, headed into a conversation about our literal fun. finances when you knew questions would be asked. Good for people. Minimal monthly payments to ring under $31.50.8. Which at the time made sense because that would have been cheaper than all of my credit card payments combined. That's not the only factor.

Starting point is 00:55:02 That is not the only factor. Do I really, do I have to explain this to you? No. Then tell me why it's not the only factor. I wasn't paying attention because I was looking for the interest. Sorry. I paid 11% of the principal. Is it not the...

Starting point is 00:55:27 Hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, the minimum monthly payment is not the only factor. Tell me what the other factors are. The interest. Okay, guess what? There's more. There's more. What's the other factors? What are they?

Starting point is 00:55:49 What are they floating around? If I have the interest in the minimum, I'm not. What are they? Oh, yeah, oh, yeah, find it. You'll have to tell me. Are you serious? Are you serious? Yeah.

Starting point is 00:56:00 I might be just blind to it if you could tell me. No, I'm going to draw it for you because I think this is the only way to get it through. Can I, let me draw this for a time. Can I draw on a little whiteboard, a little whiteboard real quick? This is what we call credit card. Uh-oh, credit card. That's not good. I don't get rid of it, right?

Starting point is 00:56:26 Oh, that's so scary. Okay, so we borrow first alone. Oh, it's a loan. Did I spell that right backwards? That's a loan. So that means we paid off our credit cards. Oh, what's the other factor, lady? What's the other factor?

Starting point is 00:56:48 We saved on our minimum monthly payments and our interest. What's the other factor? What is it? What's the other factor? What's the other factor? What is it, girl? The years it takes to price. pay off? What's the other factor?

Starting point is 00:57:02 What is it? What are we doing? What's the other factor? It's literally drawn in front of you. There's two options on this fucking white for us. What is it? What is it? You'll have to tell me. Are you fucking, you then spend on the empty credit cards. Now you have double the fucking debt. Yeah. Are you serious? Are you serious? Oh, sorry. I'm just, it's Friday here. Losing my damn mind.

Starting point is 00:57:37 Oh, in the, oh, so my, we're going to be here forever. Landmark. What'd you do with Landmark? That's my car loan.

Starting point is 00:57:45 Oh, is it? What do you go? What did you drive here in? It's a 2020, Rob 4. Rav 4. You like I always see commercials on Rive 4. Yeah.

Starting point is 00:57:53 26,000, $553. 76. I think you've made me, I think, oh you betcha what did you uh what's your little uh you know minimumly payment on this car here 604 what is it 604 that's fucking insane i would love to refinance it that my debt to income ratio yeah because you're literally stupid with your money you build it all the way off to your credit limits every single second

Starting point is 00:58:29 so no shit your debt to incomes ratio is fucking you it's because you're fucking yourself because you don't know how to you don't have to fuck yourself anymore you have a husband now stop stop stop why do this What's your interest? On that one. On that one? Well, I mean on that. You don't have two cards to you. No, no.

Starting point is 00:58:49 I don't remember the interest off the top of my head. You make me feel like I'm on fucking mess. What is the interest rate? Pull it the fuck off. Okay. Oh, there's a checking account in here as well. $20. $20.

Starting point is 00:59:04 Oh, that's just $15 just $15 just sitting in there. No, it's $20. It is $20, actually. Oh, the $1. That's like a credit. That's what I said. Yeah. I said a new checking account is $20.

Starting point is 00:59:15 Yeah, I haven't touched it. How much is it worth do you think? Having a little. The 20? What do you think? Oh, yeah. No, no, no. The $26,853.

Starting point is 00:59:22 What do you think it's worth? I think the 20 is worth 20. What do you think the $26,853 is worth? That car. What little car you're driving around that rab for? The 20, the car I got, are you asking how much the car is worth? Because it's, I think it's. Oh, yes.

Starting point is 00:59:43 The car, well, I got it for 30, 28, but I think it'd probably only be worth like 15. 19, and it was, thank you. Whoa, gosh, that took you a long time to get there. Measel math is not my strong suit. No, it's just a question. It's an answer. You can just throw it out of anything at this point.

Starting point is 01:00:02 I don't give a fuck. The interest rate is 9.79. Huh? How much? 9.79. Oh, yeah. Okay, so you're losing it to the market to then depreciating asset.

Starting point is 01:00:13 How's the car? What's the condition? How many miles? Mileage is about 50. Great condition. I haven't had any issues. I just do oil changes. Good. Good. Good. 19,000. We might sell it. We might borrow the difference. We have to get our credit cards that are debt to income ratio a little better than you might sell. You might borrow the difference. You might have a $15,000 loan instead. And you're getting a $10,000 car out of that $15,000 loan, $16,000,000 loan. But that'll be better than a $26,000 loan.

Starting point is 01:00:41 And the interest rate would be pretty similar. It'll be like from 9 to 12, but you're going to pay it off quick anyway, and we'll probably do that. Okay? Okay? Sell a car? Oh, my fuck. Yes. I can sell it while I'm financing it?

Starting point is 01:00:52 Listen, listen, listen, listen, you're going to borrow the difference. You're going to sell it. You'll make the money and use the money you borrowed for the difference to pay it off. I wrote a little song to remind you. Choice Hotels gets you more of the experiences you value. The Canberia Hotels got it all. A rooftop bar. Have a ball.

Starting point is 01:01:08 Bring a date, your squad or even your mom. Book direct at Choice Hotel. Then you're using the 10,000 hours of the... That's Teddy. You're going to get a 10,000 hour. What? Huh? My car's name is Teddy. I love Teddy. I don't give a fuck, Teddy. It doesn't matter. You have a husband. You don't need a fucking Teddy. Teddy's done. We're done with Teddy. Teddy's going to the pound.

Starting point is 01:01:26 Pound. He's done. Teddy's done. I didn't even know that was an option. But okay, we'll sell. We'll sell Teddy. You're right. Everyone just has their car for the rest of their lives. I have a matching car with a co-worker, so... I don't know what the f that means. I want to be able... It's a good bond we have. Stop having these bonds.

Starting point is 01:01:47 Stop having these bonds. Friends. Bonds with our first credit card. Who gives a fucking bond with our second credit card? Who gives a fucking? Fun with our coworker friend. Who gives a fucking? Bond, bond, bond.

Starting point is 01:01:57 Okay. Okay. What? Student loans? Is that what I'm looking at? Am I having a little look at student loans? Yeah, that appears so. That's my Experian credit report.

Starting point is 01:02:09 So that's just all of the accounts. Oh, gosh. This is why there's so many pages. Ever. Damn. It's all just... The individual's too much. Oh, shit.

Starting point is 01:02:16 Okay. Don't need all these. You were wrong about your numbers to the moment, by the way, when I asked you. You know that? You know that? How much is it? Let's find out. Because I thought it was about 80 or 90.

Starting point is 01:02:32 Close around the second one. Higher? I probably... I'm brought to a little. 109,663. $3. Social work, right? Yeah. So much. Everyone borrow so much. The income is actually not bad, but it's the income for the... Social work is just my master's. I got a different degree undergrad. The usual general rule is for no matter the amount of schooling you do, your first year's income for the entry level position of whatever the degree you're getting is, should be more, if not equal than to what you borrowed for it.

Starting point is 01:03:12 If you borrow more than that entry level, you done math wrong. That is the general rule. If we're just talking the masters, then I meet that criteria. It's your entire borrowing for school. That's all that matters with whatever you're going into, your entire borrowing. You don't separate it. Yeah, I don't know any social worker who makes above a hundred. Exactly. That's why it's sometimes kind of a degree to get.

Starting point is 01:03:36 Not that we don't need them. I get it. I understand it. It's a difficult situation. You got to have the heart for it. But that's also why you grind the f*** out of it with desperate scholarships, public institutions, in state. Community College for what we can. You've got to do it a smart way.

Starting point is 01:03:53 Okay. Apparently this federal. Apparently there's a private student loan somewhere. So actually you're federal. You were correct. It is 86,968. That is crazy. I didn't even know.

Starting point is 01:04:06 I didn't even know that there's private. That's crazy. That's crazy. We've seen some people get some success working with a company like Y Refi. for potential refinancing. I don't think with your public service, I probably wouldn't do that. Are you probably trying to go for a,

Starting point is 01:04:27 but maybe for doctors, it would be good dental people, but for you, no, you're probably going for the forgiveness, public student loan? You have to work for a nonprofit. Are you not going to?

Starting point is 01:04:36 Yeah. As of right now, I don't work for a nonprofit, and I haven't been looking for any other jobs. Because you have to work full-time in a nonprofit for 10 years. Yeah, no, it's brutal. Sometimes the return on it, it's not even worth it if you make less in the nonprofit anyway. And that's kind of what I was looking at with, if I was to transition to a nonprofit, I'd have a pay cut of like 15 to 20 grand less a year.

Starting point is 01:05:01 What about government positions, though? There are some state positions, but I don't think that's nonprofit. I mean, I could go back to if I. Yeah, but you can qualify in government positions. This isn't necessarily like most forgiveness, but to help in paying off, I mean, I've worked at Starbucks several times. So I could always go back as a second job and kind of put stuff away. The Starbucks forgive? Are you saying to make more money? No, I'm just to make more money to put towards.

Starting point is 01:05:24 Because I love my job. I love my job and I don't want to leave where I'm at. No, I'm not suggesting leaving your job either. I'm just saying with the amount of, are you in, you don't owe it looks like. Not yet. I start owing in May. Okay. Income driven?

Starting point is 01:05:39 I was in the safe program. Well, save program is basically dead. Yeah, it's dead. I was in the income driven. and then 2020 hit and I don't really know I didn't well it's probably going to be like a 950 dollar payment right uh no so you're on some kind of program then yes I'm I'm still in a program I just remember hearing the same program went away but uh tell me what payment is doing one but uh tell me what payment is doing one I'm going to move on while you looked that up all right

Starting point is 01:06:09 first mark oh that's the private student loans oh these is the private oh oh this is the private Oh, yeah, oh, 22,750,000 30 cents. Kill me now. That's an insane with a $240 minimum fee with 96 cents. How much interest accrues on a monthly basis? They don't have to take care of this? It's a different interest rate per loan. Well, six and ten.

Starting point is 01:06:38 Six, ten, and nine. Okay, hold on. Yeah, technically you are paying above the interest that is a cream on here. But it's going to be a slow grind. It is going to be a slow grind to pay these off. Let me tell you. How'd you go through school?

Starting point is 01:06:56 How'd you decide to do it? Undergrad and everything. How'd you do it? Both schools were private schools. Well, there you f***. You could do social work for cheaper. Well, I didn't go into my undergrad thinking I wanted to do social work. I figured that out.

Starting point is 01:07:11 What did you do for that then? At the end of my senior year of college, I studied pastoral ministries. At private? Yes. Well, that has to be. It was a private Christian school. Yeah. What?

Starting point is 01:07:22 And I studied. In Minnesota? No, in Washington. Seattle, Washington. Okay. Well. It's still loading. But yes, I studied in Seattle, Washington for my undergrad, and then started my

Starting point is 01:07:37 master's in 2021. I got a graduate assistant. So either way, you were going for a career that didn't make a lot of money. Okay. Yeah. the undergrad at private institutes. Yes. I've always wanted to just follow what I'm passionate about and just...

Starting point is 01:07:57 Sure, but you can do it in a smart way. I followed where I was passionate about. I leveraged to get some scholarships. I did what I was passionate about. I had a lot of scholarships in my undergrad. I was able to, I did borrow student loans, but I was getting a better return on investment with the money I was making. I still made money through my music compositions.

Starting point is 01:08:12 You went private. You borrowed over six figures of student loans for degrees. do not pay that. I dropped out. I was dumber. Maybe not, I didn't get six figures of debt. I think my scholarship's probably equal to about 30% of my tuition

Starting point is 01:08:28 and then the rest I had to pull out. Pull out? For loans. Like, I had to pull out loans to cover the rest of my tuition. All right. What do you think that now that payment's going to be? Just think. What do you think?

Starting point is 01:08:43 It's obviously an outloading. So what do you think? In the past, it was 187. As long as I can still. Okay. Qualify well for $77. Probably $250. No.

Starting point is 01:08:52 No, no, no. $2.50? What? Okay, whatever. $250. Checking account $33. $33. Savings account $44.

Starting point is 01:09:01 Yeah. It's all. Oh, my fuck. Oh, my. Here we are. Here we go. Good. I'm glad you gave me time to calm down since the fucking stupid shit from before.

Starting point is 01:09:13 I'm kidding. It's all just damn pages of purchases. It's all just bullshit purchases. It's all look at that. Just look at that. Just look. Look at it. Look at this shit, guys.

Starting point is 01:09:21 Look what I am dealing with here. Something that is in full control saying, I'm gonna do this. I want to do this. I want to get out of that. I'm gonna get out of debt. But then I look here and it's all just, it's all just shit. It's all just shit. Dutch Bros.

Starting point is 01:09:34 Amazon, Zelen Out 500, Hat Creek Burger, Rains and Games. Dutch Brits are right. Bercard King. Dutch Bros. Dominoes. D.SW. Dominoes. Good thing we only have $33 and $3.

Starting point is 01:09:47 $3.00. I'm going to go. $10 Dutch Bros. DoorDash KFC. DoorDash KFC. We're door dashing it. DoorDash. I want to pay off all my debt. I have six figures of $1.5.000. I'm not making enough money to even justify it. And I'm door dashing KFC. Jack in the box. Amazon, Olive Garden, first watch, which is breakfast. Amazon. Nintendo. Nintendo. $4. No, that's $4.24. Dutch Bros. Door nashing Burger King. Burger King. Who the fucking even eats? Burger. Burger. King. It is Burger King. Nobody goes to Burger King. But it, it, most of that is because. He makes no money. He should be spending anything anyway. Don't know what I'm going to go home. Oh, oh. Oh, no. The whole meat on and all this kind of stuff. So I just stop along the way.

Starting point is 01:10:37 I don't care. Don't fucking meal prep, meal prep, meal prep, meal prep, meal prep, tired. You microwave it. It's easier than going to and drive through your buttons on a f*** an app. You put your buttons on a microwave. Spend moon out $40. Domino's pizza, Amazon, Domino's. Um, not as bar. Water Express. Water fucking Express. We're getting express. Water express. Water.

Starting point is 01:11:00 I'm pretty sure that's... Can't drink anymore. DoorDash and Burger King. Gas station. Burger King. Well, the gas wasn't gas then because it was very cheap. He went on there. Popeye's DoorDash.

Starting point is 01:11:12 Popeye's DoorDash. We're getting Popeye's... Hey, I like your new Rout 4. Thanks. Yours too. What is Rappi. Stann for anyway. To me, it's the remarkably advanced vehicle. Really? To me, it's the runway approved vehicle for its amazing style.

Starting point is 01:11:26 What about remarkably adaptable vehicle because of its versatile cargo space? Or really admired vehicle? Oh, or really awesome vehicle. It really is the recreational activity vehicle. The stylish 2026 Toyota RAP4 Limited. What's your Rav For? Don't worry, guys. We're back with Burking DoorDash.

Starting point is 01:11:47 Then we're doorking Dordash. wings off because we have to dooredash every fucking second of our life. Dominoes. Dash Bros. Dash bros. Van went out $14. Dash Bros. Guys, we really want to pay off that.

Starting point is 01:11:57 We're really going to pay off that. Torches, McDonald's. Steam. Friamines. McDonald's. Talk about torches. Culvers. And I love me of Culver's.

Starting point is 01:12:08 Don't get me wrong. Pain with a twist. You know what a really good twist in this would be? Being a fucking adult. That would be an incredible twist. I would love to see that. Dutch bros. Taco Bell.

Starting point is 01:12:18 Dutch bros. Door dashing. ready fine burgers, talk about McDonald's. What the f*** is this? What a joke. What a joke. What a fucking joke. Jeez.

Starting point is 01:12:31 Sake. What are we doing? What are we doing? That's crazy. $8 of fast food. Nearly $1,000. You ask, there's no way I could have spent more than I made.

Starting point is 01:12:45 There's no way. There's no way we're in the road. There's no way we're in the road. We've cut down recently, I think. No, shut the fuck. If this is cutting down, I'm going to, I'm going to. I ain't going to sleep. Not that cutting down.

Starting point is 01:12:59 I mean, since that point. Oh, shut the fuck up. Oh, I know I'm coming on financial order, so I'm going to do okay for a week. Come on. That's the usual. That's an infinity fucking stone. Oh, that is bingo. Ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, guys,

Starting point is 01:13:11 I'd be better for a week before I went on the show where I knew my finances. I got to get, I said that fuck up. Oh. I don't think either of us realized it was that. much. So once we, now that I, now that we know it's that much, we're, I mean, it's not gonna. Chase a dollar 95. Ah! That's more!

Starting point is 01:13:44 I'm gonna, retire. Door dashing wing stuff. Torchies. Door dash. Dutch bros. Apple bill. Door dashing torches. McDonald's. Door dashing first watch. Breakfast. Breakfast. McDonald's. Apple. Dutch Bros. Spotify. Ben went out $10. All well. Step.

Starting point is 01:14:07 Mommy and daddy-in-law take care of us. Just the groceries. Yeah, just the groceries. Yeah, you have groceries taken care of you. You spend $900 going out to eat on a monthly basis, and you literally get free food. Fuck you. Stupid.

Starting point is 01:14:25 Stupid. I'm fucking pissed. I'm fucking pissed. That's the dumbest most entitled bullshit I've ever heard in my entire fucking life. That's so fucking stupid. That is so stupid. I'm going to have to, between here and the post show,

Starting point is 01:14:37 I need to, like, step aside for a second. So fucking stupid. This is so stupid. Your minimum monthly payments. Minimum. monthly payments is $1,797.78. Meaning that is a loan 40% of your fucking net income. Your rent, you do $1,000.

Starting point is 01:15:00 Because apparently we're separate. No, I did household. I did household. So we're doing the full monthly stupid expenses. What's his student loans on a monthly basis? Student loans right now 240. For him? Oh, for him.

Starting point is 01:15:12 I think three something. $350. Okay, rent, $2,000. Utilities, total. Usually $150 to $200 a month. $200. Internet. It's covered by the red.

Starting point is 01:15:29 Our complex covers. Phone bill. One. Why? Why would it be in the three digits? I think it's $140 something. I live here. T-Mobile has good service.

Starting point is 01:15:42 Switch to helium $15 a month. What the fuck? I had T-Mobile and then I switched to AT&T because- Congratulations, you can't afford it. 150 you said? Yes, roughly. When you pay that off, then you can switch. Gas, room, room, drive, drive for both of you.

Starting point is 01:15:54 How much? Like $150 a month. For both? Yeah, we don't. Car insurances, both. He doesn't pay his car insurance. I pay about a just switch so I could save $80. About $1.17.

Starting point is 01:16:10 Yeah, $117. No groceries. TP fund. Anything else for you guys survive? We could budget groceries. $200 for TP fund. Medical health care, anything on a monthly basis? It's about to end.

Starting point is 01:16:25 I was paying 62 a month. But that I think I have one or two months left. And there's no interest on it. The other one, I don't know what's happening with it. What? The medical. Medical what? There was, I had to go to the ER last.

Starting point is 01:16:43 Medical debt? And I didn't have insurance. Medical debt? Yes, I thought that's what you were asking. But health insurance just comes out of my paycheck. So that 46 is... Yes, but like, ongoing appointments and medications. There's not like a monthly thing for that.

Starting point is 01:17:02 No. Subscriptions for either of you. Pet insurance, I'll do 90. Pet food. How much on a monthly basis? Monthly. his probably about 160 but yeah

Starting point is 01:17:17 it's usually every other month so I I'm so glad we're at the end of this anything else that needs to be in your household budget that I have not taken an account anything else that needs to be in your household budget that I have not taken in a fucking account that should be all that we spend

Starting point is 01:17:36 have an extra I'm gonna call $750 on a monthly basis legal room how much in student loans does he have I don't know. What do you think? Probably 30 something. Call 35,000.

Starting point is 01:17:58 So 195,6004. It takes 260 months to pay off your debt or 21 years. Increases income. Pay it off in 10 years. Declare bankruptcy. And I'm done. I'm done with this conversation. you lied, you've misrepresented, you gave horrible answers.

Starting point is 01:18:29 What the fuck? I don't understand. I am being a dick right now, but I'm done. I don't want to be here. I don't want to be here. I am a person in the end. I don't want to be here. 20 years to pay off.

Starting point is 01:18:44 Go public sector, get that vast majority forgiven. Thank him go public sector, get the forgiven 10 years, blah, blah, blah, blah. Figure that out. Maybe it takes five years to pay off the rest of the debt. You can do that. Go through bankruptcy, student loans wouldn't be included in that, that's your biggest chunk. So don't do that.

Starting point is 01:18:58 You know. If we declare bankruptcy, though, we can't, like, get a house in the... Eventually down the line. You're thinking of getting a house. Eventually. Oh, in... 20 years? Why we're moving and rent will be a lot cheaper.

Starting point is 01:19:15 We're going... There you go. Cut down on rent. There you go. That does a lot. Double his income. Get your raises. Work park time.

Starting point is 01:19:22 We can probably get this done in about seven years. It is going to be a grind. It is going to be a... log. You better come back on the follow-up channel. You better show me. I'm sorry, I'm done with this conversation. I can't do more. Seven years, I think you could do that. Cut the rent, increases income to pick up a second job. Okay. Try us to the post show where I f-and-h myself. I had the state of Wisconsin $1.00 dollars last year. Because he didn't pay your f-I didn't know that they weren't getting taken out.

Starting point is 01:19:49 You didn't pay your fa-taxes is why mommy and daddy had to come in and pay for your own That was part of it. You're putting payments at the end of your car loan. Well, so, when did you win? Just, what? Just one miss payment. Just one of his payment this year. To watch the financial audit post show, click the join button below.

Financial Audit - If Her Husband Sees This, He's Leaving | Financial Audit

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