Financial Audit - Loser Makes Me Walk Out

Episode Date: March 8, 2024

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You're not listening to anything I'm saying. You've not been receptive. Someone else is going to be here in a little bit that probably actually wants help. I'm going to focus on them because this is a joke. My name is Don Quavius. I'm 30 years old out of Oklahoma City and this is financial audit. What do you do up in Oklahoma City for a living? Right now I work as a web developer.

Web developer. And you're making like in the 40s, right? Yes. I'm technically an intern right now. Oh, okay. See, I thought you made a little less than I would have liked to see. See, yeah. So I transitioned.

So I've been at EMT for the last nine years, technically still EMT. And then I transitioned into web development. I did like a little boot camp. And those are great. I mean, I always talk about my partners at course careers for like great certifications and stuff like that. But that makes much more sense for the income situation. You have five kids, right? Yes.

Okay. I'm curious. how does someone have five kids and not go to the grocery store literally once? And immediately all your food spending was eating out, especially if you're not making a strong income. How are we doing that as a single dad? Am I not wrong in that? Yes.

How are we not going to the grocery store once in a singular month? Well, I mean, it's five kids. So I have three older kids and then two younger kids. What are the ages? So I have a nine, eight, and a seven-year-old. and then I have a two-year-old getting ready to be three and then I have a just turned one-year-old. Okay.

So that didn't make any sense then because what you essentially, it sounded like you were trying to set up was, oh, I have some kids that are older, as then they don't live with you anymore, as then you don't have to take care of their bills. Well, not older,

but I mean, like older as in, it's not much of a hassle to get them out of the house. Yeah, but what does that have to do with not going to the grocery store and then once in a single month? it's just going to a grocery store with all them kids it's kind of a oh sure

kind of a hassle but also you don't make much as a single parent and if we're spending it all on fast food by the way these proportions are an absolute mess how are we surviving I don't know if I just fun fact we barely are because you're missing payments so it's just like it's kind of one of those things where

it's just easier to order the food then have oh yeah so oh it's easier it's easier what are you doing with their bills when they can't be paid though and you're choosing to spend massive percentages going out to eat i'd say about 50% of your spending's BS 50% we're not making much that just concerns me with the age ranges of the children there's a long way to go there's a long way to go you certainly won't be able to contribute anything to any kind of college fund what's your retirement at the zero You said you're 30, correct? Yeah.

With five kids. We've talked about it many times on the show. You've seen the show many of times. What do I usually say? I forget. I got short-term memory. Well, then go to the grocery store. Even if it's a struggle, you'll forget you went there and that was a struggle.

Plus, this is a temporary situation. So I was making a little bit more. Before this, my gross total was closer to 75. Massive cut. Okay. But a transition in the web. It was kind of one of those It was like a

I guess Not an investment Not thing It's you know What can be Kind of like a little slingshot You know Take a step back

And protect forward Right right Which I am not opposed to Don't get me wrong But you can't live the same lifestyle you're living If you cut back Your income

40% or so You have to cut back your spending 40% or so Not maintain Now you do get some From the VA For what purposes? Disability.

Disability. Okay. So you served? Yes. What was your service? Army. Okay. Cool.

Can I ask what happened? Oh, why I'm getting a disability? Yeah. Oh, just my back. My back, knees. And that's about $3,000 a month? No. $1,500 a month.

And then what hits your account from pay is about $3,875, correct? Yeah. Well, I don't want to say the name of the company. Yeah. And you had some Venmo ins, We also had Venmo out, so not really going to count that. So what hits your account on a monthly basis, single dad, where was the person who gave birth to these things?

They're still in life. It's actually more so like split custody. Okay. Yeah. Is there legality around that or is it just an agreed upon between you two? Just agree. We're civil. Okay.

I guess you could say. Well, what would you say your percentage of custody is then? I usually get them on the weekends for now. Okay. Well, in that case, you know, that gives you five days ago to the grocery store, which immediately negates the argument that you already gave. So. So what the fuck is that kind of bull?

So. So. I'm not with me immediately. Don't fuck me immediately. What are we? We're not even 10 minutes and don't fuck me. So, because I'm still pretty busy. So I try to.

Congratulations. Welcome to life. And we all make it to the grocery store. That's true. But I mean, the grocery store is, so it's a commitment. I got to go to a grocery store. What are you? What do you mean?

And then a lot of time I end up spending more money. No. Well, that's you just being dumb at the grocery store. No offense. That is true. We're putting you through our budgeting program in there has a, it's for a single person, but you can expand it to fit your lifestyle. But it's $250 a month for necessities in terms of groceries on a good, healthy budget,

2,500 calories a day. Lots of meal prepping, lots of planning, but it tells you exactly what to buy. And also, it gives you that extra $50 to get you. you have to $300 because, you know, just desserts and bull-b-bler like, yeah, you know, we say 300 works, but $250 is all you need, so we brought it up to $300. But, you know, I mean, you're just doing it wrong. You just haven't sat down and actually planned. That's true.

Okay. That's true. To be fair, there's a lot of times where I do the time I'm going to go to the grocery store and then I end up at like McDonald's or something. It doesn't make any sense. That's his discipline. This is being not an adult. I'm saying that as a fat.

Trust me. I've been through some Mickey D drive-thrus, but that's always a choice. I'm not like leaving the house to go to the grocery store. And oh, what is this? A McNugas in my hand. That's never happened. It doesn't happen all the time. But, you know.

Well, it clearly does because you didn't go to the grocery store once. Once. Singular time. Singular. Not even a singular. Not even a step in and buy a drink from a grocery store. You didn't go to the grocery store once in a month. I didn't know that was possible.

I didn't know people did that. I don't know. I don't you. What about? You must be Amazon and everything else or something. No, I buy everything else in bulk. From? From, like, Walmart.

Usually, like, if I get toilet paper, I get, like, the large pack of rolls. And then, um, although I did order my toothpaste online last time. So. Okay. Give yourself a financial score. Zero to 10. Zero being the absolute worst. 10 being the absolute best.

Okay. Uh, I'm probably going to say, like, 0.1 or 2. On this channel, our goal is to help you find ways to cut down on your monthly expenses and thanks to today's episode sponsor, Helium Mobile, we now have an affordable option for an unlimited phone plan without sacrificing quality of coverage. For just $20, you can enjoy unlimited data, text, and calls.

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Join the future of mobile connectivity and subscribe to Helium Mobile. Get a 30-day free trial when you use the promo code, Caleb, in the link in the description below. If you want your Hammer Financial Score, you can get it for free. Link in the description below. Why do you think you're so low? Why are you so low? If you know you're so low, why haven't you done anything to raise it? Especially when you have five dependents that you don't want to...

The thing that I was trying to say earlier, that you didn't remember is someone who's watched the show, which is really disappointing. And makes me feel like, oh, you know, what the... that I miss because I say it all the time, but you as an adult with children, putting your desires to go out to eat instead of taking care of your debt, getting a fully funded emergency fund, and saving up for retirement is selfish. You're putting the burden on them when you have nothing for retirement. And who knows what Social Security is going to be like when you and I retire?

Can't depend on that. By the time you retire, by the time that all happens, you're going to be 80. Working on the Walmart floor is what we call it, essentially, because you're just taking any job you can. Because you need to be able to pay that month's rent. You need to be able to pay for groceries because you never saved up anything for retirement. And what your kids do?

They're not going to let their dad that they love die under a bridge. So they're going to put pauses on their life in order to support you. Now, that is not a bad thing, a child supporting their parents. But if a parent, specifically over the course of decades, put their own priorities over their maturity and future as an adult and responsibilities, then you are putting the moral pressure on them to take care of you, which is unfair and disgusting. So you choosing that Mickey D's versus you actually taking care of shit is being irresponsible in terms of a parental figure. In that case only, don't get me wrong. I'm not assigning you being an irresponsible father in general because there's a lot of things that go. into that. But from the financial

perspective of you taking care of yourself and likely putting pressure on them in the future to take care of you because they will, they're not going to let you die again. So that within itself is an irresponsible thing for a parent to do. So I will say

I am a firm believer of I don't want my kids taking care of me. They will. Doesn't matter what you want. They will. They're not going to let you die under a bridge. Well, I don't want to... Plus I also don't want to get that old and, you know, Well, I can't take care of myself. Everyone gets old.

Well, they do, but I don't want to be in a nursing home. You don't know, though. You don't know. That's the purpose of that kind of. You don't know. That's true. But if I can't, if I'm eating one day and I can't hold a fork right, then I'm just going to go off and do some crazy stuff in that I'm just going to, you know.

You're just, you're being silly. Like that's stupid. Like, sure, you might think that now, but when you're actually there, you don't know, man. You don't know. Well, that's all hype. That's all hypothetical bull. That is true. But I've been working with it.

I've been working at healthcare for like 10 years. And it's just the most depressing thing. And then I will say I did have, there was a point where, like I said, before this, I was, I did have more of financial safety net. It doesn't matter where you were, man. You are where you are now and your actions are what they are now. Yeah, that's true. But I'm just saying, you know, like, Like I said, I'm making this transition.

It's a temporary. How long have you been in it so far? So I've been since May last year. How long is this transition? Well, so I had to go through the boot camp, which was six months in itself. Yeah, that's okay. So that started in May? The boot camp started, yeah, started in March, actually.

so and to be able to focus on a little bit more I got a newer job that was a little bit less pay well a lot less pay being the internship no being I took so before that I was working at a college um running the simulations as a sim tech okay and then that was that didn't give me much time time in my free time to to do what I needed. So I went back to working out of non-emergency for non-emergency transport company. Okay. Doing that. So I have a little bit more time to focus on getting ready or. Lead me to the end of this. What are you trying to say? So, oh yeah, so getting becoming so I can do my classes and do all like my project on the side. have time for that and then working on like just built my skills and then but then I started my

internship in October. Okay. How long does it last? The internship. So this is the last two weeks of it. Okay. Then what? What happens in two weeks?

Then so next week I'll do my official interview for the same company. Yeah. Okay. They're not required to bring you on. Which I know. Yeah. Which if, um, tech market's a little rough right now. It is. I do also have, I'm going through interview process for a couple other companies right now. Good. And then if they don't work out, I know I'm going back to the medical, non-medical transport company. I'm going to do that. And then I'm going to. If they, if you do not get hired. Yeah. In the field you want. Okay. Yeah. While I work. to get hired. And I'm also taking on some personal projects as well. What? Building websites. Oh, okay. Okay. Yeah. Yeah. Yeah. I'll build it. Okay. No, I'm, no, that's, that's fine. No, I like that. And that's actually a very mature thing to do is if you don't land the job that you want to land, you were going to get the job that you know you can get because of medical they're always hiring. And, you know, those long hours was hard. It wasn't exactly what you want to do. But you know, you can make a living doing it. And you'll do that temporarily while. You're going to, you'll do that temporarily while

you continue to apply to the job that you actually want in web development. Yeah. That's a mature thing to do. I respect that. So, let's go through these documents. AT&T, how the,

how the possible? Why do we, how are we, how are we passed due $847 to AT&T? Sometimes I'll have the money and I, I'll just do it a payment arrangement because I always feel like I'm going to need it for something else. So.

But it's a bill. It's a bill that's old. I don't care if you feel like. like you need the money for something else. You owe the bill, the contract that you signed. What is this for? Is this for the service? So.

It's for a lot of shit, actually. The fucking iPad and it's for all the kids. So I bought them phones for Christmas and that's, uh, that was the, like the activation. This Christmas? Yeah. Like the one that just happened a couple months ago? Yeah. But you can't afford it.

You were in an internship. Well, I mean, it was a good deal. You couldn't pay it. You missed a payment. Good deal. I don't care. It's a good deal. It's not a good deal if you can't pay it.

It's as easy as that. It doesn't matter if it was at a discount. If you can't pay it, it's not a good deal. I mean, I could pay it. But you didn't. What? Because I just, I hate having a, well, so initially I put it on payment arrangement. I was going to pay half.

A half later. That's what I usually do. So what is this on a monthly basis? It's like $3.80. Kill me. For how long? Because you just took it out. So.

What's the balance? I have like 24 months on like two devices and then like 30. Buddy. 36 months on their phones. You can't have big minimum monthly payments are like the worst thing you could have in your life in this stage. It's an incredibly financially irresponsible move to have done this. I don't give a shit to it's not a good deal. You're fucking yourself on a monthly basis.

The fact is, even if it's good to, even if 0% having such a large minimum monthly payment for someone in an interest in position who doesn't know what their career in job is going to look like literally two weeks from now, literally two weeks from now. This was irresponsible beyond belief. So I think it was, I think it was a necessary bill. What do you mean necessary? For my kids to have phones. What do they need it? To talk. to when they're not with me,

when they're with their mom, they can talk to me. Wait, why not work with the mom on going like havesies or something? Well, I mean, it's just, she has things that she pays for. I have things that I pay for. Which one, 9-8 and 7, are they the ones with phones?

Yeah. Not two and one. Yeah, no. Okay, because that would be wild. One-year-old texting and calling. It'd be interesting. I get it. I get it, especially for like emergency.

purposes, you know, parental controls, all the good stuff. And like, I mean, there's an iPad or shit. Like, you can, you can get them a phone, a cheap, Android. So I thought about that, but I have an iPhone. Their mom has an iPhone. Yeah, congratulations. They don't need to be in the fucking blue bubble ecosystem at 9, 8, and 7. That's not a necessity to exist.

It just makes it easier to. No, fucking shit. You know what's not easier? You paying your bills because you fucking. missed the payment. I wouldn't call it missing it. Oh my. It was strategic.

Why are you just sitting there smiling and just like not accepting any of this? What are you? What are you? Is none of this information being processed? What's happening? So it's not that I don't agree that. Yeah. It's high.

I'm just saying that it's. That it was a bad choice. I think it was a good investment. Oh my gosh. That negates his whole conversation because guess what? If the first thing we talk about, you can't. realized there's a mistake. That means you are,

you're willing to go do that again. We can leave this, we can leave this place. We could leave this place. Get you on a journey, put you on a path, create a fucking budget, and you won't even,

you'll go do it again. You'll go do it again. So what's the point? What's the point? Why even go through the rest of these documents? What's the point? So it's just with the phones with the, so my oldest child,

she has a different mom. And it also helps them communicate with each other as well. And plus, you, you. Plus, I've been, plus they've been learning Spanish. They've been taking the initiative. So that's also helps me get my, my money's worth out of it. I feel like it. Good for them.

Bibliotheca, I'm glad. Wonderful. Donde estaz. Thrilled. Yeah, let's go into debt. That makes sense. Hey, guess what? They're learning in another language.

I'll go into debt and have a minimum monthly payment. That's absolutely insane for our current situation. Plus starting next month I'm gonna I'm gonna sign up for auto pay And get the discount You weren't on that I'm changing my ways No no no no no

A changing your ways to something productive Is agreeing that this was bad And that you would never do it again Knowing what the fuck is it is right now But you're like no I would do this again This was not a mistake This was good

So what is it What even is this? Yeah your car was a represent It was. Yeah, so we should be going and buying top of the end phones for people that aren't even teenagers yet. So to be fair, I originally negotiated with the bank to pay. Please tell me that endless smile you have is because of your jovial person and you're coping, and not that you're taking this as a joke.

No, I am pretty. I'm one of those people that smile. Good, because unlike. I didn't even know I was smiling, so. Okay, good. Good. Sorry, continue. So, yeah. Justify this.

Well, I'm not going to justify, I don't think. So to be fair, at one point, first of all, they were, I don't think. I don't think the repossessions were, they were justified, but it was still BS. So I negotiated, because I've actually reached out to them more than they've reached out to me about the debt so i originally negotiated a lower amount um it was like i think i negotiated down like paying off monthly payments um this was back when i had a higher income uh like four hundred dollars a month but they never sent me over the paperwork to the agreement so it never started oh my gosh were there two repossessions there were two repossessions oh i'm actually

that going through. I just, I double turned. Yeah. So, so it was an SUV in a car and at the top. Why weren't you making payments? You were,

you were making like 75 a year. So. What the fuck my guy? You're destroying yourself. Yeah. So, okay. So with the first one,

um, it was the SUV. So I had to, for my justification for the SUV in a car is that have, it was a hybrid and, but they were both yours. They weren't like, like a significant other.

So I had the hybrid. So when I didn't have the kids and I was driving, save gas. Oh, good. At the time. Oh, good f*** is the dumbest thing I've ever heard of my life. It saved me money on gas. On gas, yes, but you had a massive car bill overall. It did not save you money net.

And, well, I felt like the amount of driving I was doing, it would a, the, because it was a, it was an expedition. Those things are gas customers. So I would have been spending. my, I would have been spending my monthly payment I was making on the car and the gas alone. What happened in the end? What happened in the end? Well, a spoiler, what happened in the end? So, you took out two large car loans that obviously you chose not to pay on and they were repossessed. So what the f- Any kind of intention behind what you just said was stupid. So I was making, so I was making the payments on them. I had gotten, so my kids had gotten COVID. One of my kids had gotten COVID.

and then um what okay sorry that affected because you know they weren't going to school so for how long for about like a week but then like right after it i got covid and i had COVID for like three weeks and at the time right when i got COVID um the week before i didn't know it at the time the week before i got COVID um my job actually stopped giving us COVID pay like pay giving us our salary while we had COVID. So. And I didn't know that until it was too late.

So. So I'm guessing you were never responsible enough to have a fully funded or even slight emergency fund. So, okay.

So we ended up at make arches instead of saving for an emergency fund when we have five children. Also, are there more coming? This is, you're just flying these things out,

my dude. They're just, They're common. They're just... I'm a gambling man by nature, so... Well, you wrap it up. I do. Sorry.

Condoms aren't free, so... Well, I guess they are, but... At a lot of places? Yeah, walking to a clinic. They're like, please. Please, take these. That's what they do. No, I mean, I'm okay.

If you want to have a kids, whatever. But, like, also, it comes with responsibility and having a fully funded emergency funds like a basic level of responsibility when you have kids to take care of. So I have money, I think... So, it's going... Okay.

so you have money. This is going to be ridiculous. So the sickness of a couple weeks should not matter. It shouldn't have. But I was... Also, a car doesn't get repoed after a couple weeks. It wasn't. It was, so with the SUV, it was actually like two, two and a half months.

But I actually made, I made the payment on there that was on the portal. I paid $1,200. But apparently there was like a balance for like $100 to $200 left and they still repossessed the vehicle. You have to pay the balance. Yeah. Well, I didn't, I played what was on the portal. and so I believe you but this happened twice so with the second with my car um they I had a date so let's say I had they told me I had to pay it by Friday so I made the payment on Friday through their portal

but their portal mind you it was their what their banking website I made the payment through and it still takes three days to process but that wasn't good enough for them so they still probably wouldn't be good enough for me. Well, if it was, if I was, no, no, you were, you would be like, say I borrowed you money for, to go purchase a thing, which would be considered an asset because it has an equity position, even if that asset's depreciating, whatever, okay, and you're not paying it back. And then all of a sudden one day you put a little bit towards it, this, even if it's what you thought would need to go towards it, I'd be like, nah, this dude lost it.

He wasn't paying us forever and he waited to the last moment. This is a high risk thing. him I'm taking it I'm selling it getting rid of it wiping this off our books well I mean it wasn't good for them because they were only able to sell it for like I know and you owe more I know so they they'll still get their money I mean unless you're saying you're not going to pay this I mean I care about it as much as they do and they don't care about it so what do you mean like I said I've reached out to them about it more than they've reached out to me about it in fact I didn't have no documentation on this until I reached out to them to get it what about when they

they start hounding you though what are you going to do could go to collections could go to small claims i mean uh you oh for one of them you owe 16 000 8669 i can't speak for them in their entire finances but well like i wouldn't want to just give up 16 000 8669 so our legal avenues they can go down statistically rare yes but there are i understand but if they they at some point i so 20 000 total and it's kind of strategic so I know ha ha ha ha it's hilarious yes go ahead so um if well they don't care about it right now obviously because they don't they're not even a phone call never how has it been a year and a half now okay it's been a while and um so my goal is to let it go

as long as possible before they even start caring, if at all, and then negotiate it down less, come to agreement with them, so to go shade it down less. Well, I don't know if they'll do an agreement. They might,

but they probably just sell it off the collections and then you might be able to negotiate with them. I mean, that might be true, but... I'm sure this is in their internal collections and I'm not sure why they're not reaching out. $20,000 isn't chump changed, but I'm sure for a company as big as, them it's not. I couldn't tell you why.

Massive. What's your current car situation? I have two vehicles that I don't make payments on. What do you mean you don't make payments on? I own them. All right. What do you have two? So,

I got a truck and yeah, that's good for gas. It's not good for gas. But it was the I got it from a friend making payments on it. and we had like a little agreement to make it like some quick payments on it and then um

I came across um one of my one of my friends was buying a car and a guy who's buying a car for just had a random minivan you know five kids uh sitting in his driveway he said he was going to donate it so instead of donating he sold it to me for like 500 bucks why not just use that soccer mom minivan on a daily basis sell the truck get yourself out of the rest of the debt Cause Like Oklahoma You gotta have a truck You never know when you're

What? You never know When you're gonna need a truck What the fuck? You don't even go Most Americans When they buy a truck They just literally use it

To go to the grocery store Once a week And you don't even do that So If you need a truck Randomly rent one It'll save you This is so stupid

This is the stupidest fucking thing I really So I don't drive it Like on the day You haven't accepted One thing I've said

By the way I've agreed No you haven't on what i said like the phone bill i said i agreed it wasn't great you said you'd do it again for the kids good why what's the point what did you hope to get out of this please tell me well i'm getting something i'm getting more insight into what's what my purchases uh Doesn't matter, though. You're not accepting them.

The realities of them. You do this again. You're good with just, you could get out. What's that truck worth today? What's the truck? It is a 2005 Dodge Ram. Dodge Ram. Yeah, you could probably sell it.

Buddy, I don't know for how much what, 10, 20 something? Definitely not that. 10? Not even that. Not even 10? Is it in bad condition? I got it. No, it's like.

I just know that. used car mark is crazy, but that is old. 215,000 miles. Oh, f***. Yeah, I got it for, I think I got it for like 3,000. Yeah, never mind. I was picturing something different. No, yeah.

I guess we continue because I'm here. People have requested that I do a live Q&A for a while now, and I'm excited to announce that I finally am. On Wednesday, March 20th at 8 p.m. Eastern, 5 p.m. West Coast, we have an exclusive live Q&A for anyone taking or has already taken our budgeting. program. It has changed thousands of people's lives and we're constantly receiving testimonials from those saving money and fixing their financial future, showing that we made the best

budgeting program in the history of the internet at the best price. Sign up using the link in the description below and join me for the Q&A where I answer your questions live. I don't think you, I, no, can you tell me legitimately why you came here? Why did you come here? Why are you sitting right there? So, to, uh, I don't know. I guess get more. Yeah, but what's the point if you don't listen? So I'm listening. I'm hearing what you're saying, and I'm understanding.

I'm just trying to give you my thought process, S. The complicated airflow is making it over there, but you're not processing it. It's all bouncing off of you. I'm processing it. Like, for instance, I wouldn't get two vehicles again. You have two vehicles. Whoa, on payments. What's the point when we can sell one, even if we're not that much?

so you'll start throwing it on our deck because you only need one you only need one need the word need need one that is true i guess i guess i guess i'm like i don't know it's like i don't want to sell it because i feel like as soon as i sell i'm gonna start need did you see did you hear the word you said what was it what's the word you said i said i don't want to sell it there was want remember we just talking about need I don't give a f*** your wants you would need to be able to retire. You want McDonald's. I don't give a f*** about your wants for one single second right now

because it'd be irresponsible on the side of the table. What are my wants? My wants are for you to be able to retire without your kids having to take care of you. You need that. You do not need McDonald's. Okay, whatever. Capital one, $200.

$43. $0.76 with a minimum monthly payment. No purchases, thank you. No payments. So. Why? No. So. So what?

I don't know why I didn't make the payments on that, but. Because you're irresponsible. Accept it. That is true. Just accept that you're irresponsible. In this degree, yes. $6.28 cents of interest accruing. Late fee is going to hit soon.

30% and $10. straight, great. Oh my gosh. Sir, I have forgotten about this. You're your mom. You're your mom. Yes. What are you? You're addicted to debt and stupidity of decisions. Yeah, I mean, I owe a little bit money. Yes, $2,200. Okay, $200 a month is what you pay. Why the fucking when? Oh, you do have child support and it's $3.25 a month. Your life, you're lucky it's that low. Yeah. But go ahead.

At the time, I... When's the time? Two, three, two years ago. Okay. I actually started my own junk removal business. And it was all over the place. All over the place, yeah. And it's fun.

I hate moving, but like, just, like, because you got to put stuff in, take it out, be careful with it. With junk removal, you can just toss it in. destroy it and it's a fun you get paid to do it and sounds like you didn't well I was I was actually starting to get a pretty um steady business uh and then my trailer got stolen um insurance so I did not have insurance at the time it got stolen so if you learn anything when this episode get insurance people my gosh so I was yourself I was in the process of getting insurance, but it was hard getting insurance for, since it's like a high risk business, it was hard finding an insurance. You could have gotten insurance. You just a broker

to go find you insurance. It might not be absolutely, it might hurt on a monthly basis, but guess what? It could still be in business. Well, I was in the process and I just didn't, it just didn't happen fast enough. Get insurance now. Yeah. And then so, um, so you borrowed this to start the business? business the trailer the mom's money uh no uh so um I upgraded my truck and um to be able to pull more weight because I got a new trailer with a bigger trailer because that one of the trucks that was repossessed no no what did you get this uh was a it was like a 435 but it was a for pulling goose neck trailers and it would be you know because you didn't have a trailer i got a new trailer oh how much was that uh this one it was like uh like i at a rent to own place um but

uh so i used the and how much was it it still cost money what the how much was it's like 400 a month yeah for how many months how much what was it how much did it cost what was the total oh i don't even know i was it was it was only going to be a temporary so what happened when it was gone. So actually that the so I got a truck. I used that that loan from her to get a new truck and some equipment and like the down payment on a truck and the truck broke down debt for down payment my gosh. Yeah the truck broke down the truck broke down and so and this was around the time I was getting ready to have my my um one year old so. your current one year old

yeah so this was a year ago yeah so your life is all over the place what do you want to do are you even going to do this actual you're like interning for yeah junk removal is so far from medical and

building websites is so far from junk removal what are what are you so junk removal I mean it was like I said it was cool so I started because I was in my garage I was in my garage

well yeah That's funny. I was in my garage. I had a bunch of boxes because I was at the time reselling electronics. So I had a lot of stuff in my garage. You were reselling electronics? Yes.

So here's another, this is our fourth, fourth career. Yes. Within a span of a couple years. Okay. But that one, that one was, it wasn't like lucrative, but it also wasn't like negative. It was like a decent profit. Okay. So I did that and I noticed like it was hard to get I had the all this trash was hard to get rid of.

So like there's whole businesses that do junk removal and it sounded fun. So that's what got me interested in. How much did you end up in debt in the end? In the end, just from the business, it would say just that 2000. I had to be more. Did you buy the truck and cash? No. Would that go?

They just took the truck back. So you had another refusation. Are you serious? Are you fucking kidding me? It wasn't a repossession. They just took it back and we just called it even type thing. Oh my gosh. And what happened to the trailer, the rent-home?

So it was a rental-owned and their policy was you can return it whenever you. So it was like a rental, but you with the option on it type thing, I guess, technically. So you can return it whenever you want to. No question to ask. That's why I didn't plan on having it for the entirety. So it was always, that one was going to be a temporary solution. You locked out on that.

I mean, it was more skill, but. It was skill. We wouldn't be in this situation where in with all the other debts. That's true. I guess. And then you pay $325 a month in child support.

This isn't added bill. Yeah. Let me throw that into your budget, certainly now. Your rent varies. You do some work. for the landlord in exchange for the cost of rent. Yes.

And it's at least 30 hours? 30 an hour. Oh, 30. That's the degree amount. It's not a bad wage. What's the work you do? So recently I just painted the living room and, uh, paint the living room and some of the upstairs. Yeah.

Yeah. Yeah. Okay. With two different units or something? No. Like upstairs and, no, just, uh. For painting your room? He gave you money off?

Yeah. All right. You're getting a deal. I know. It's, well, I mean, increasing the property value. For painting? Well, paint. Most people repaint after a tenant moves out.

Yeah. Unless you're like paying the house, like the outside. Whatever. Either way, what's your average rent these days? 700. So that's what it is typically? Yeah. And I need to pull up your credit karma.

Roll my phone? Yeah. Okay. Because I know there's more things. caffeine in my blood right now. Good. You're almost in the 400 credit score range. Yeah.

Oh, but forever since I've seen something like that. Like literally the bottom of the bottom of the bottom of the barrel. Good death. Okay. Loans. A lot of them are going to be student loans, which we haven't touched. You have students, students, student. Self.

You did some self stuff, but you don't have a balance with them. Yeah, I paid that. thing off. Collections $348 for what? 48, 348? Let me see where the original lender was. Geico. Oh.

You weren't paying your insurance. We had an issue not having insurance once, and now we have an issue not paying our insurance. No, I think that was I switched from Geico in. Cancel it! Well, I did it. No, you didn't. I'm pretty sure Geico was the one where I had a contract in.

No, maybe, but... Well, I tried to cancel it, so I don't know. You can cancel it, buddy. We canceled lots of... Sorry, I just looked at your notifications instinctively, I apologize. You're so used to automatically going up there. Okay, so here's one of our student loans. Would you go to school for?

So I got an associate's degree in paralegal studies. Oh my gosh, this is a sixth career path. So, dude, it's crazy. So, so I got that degree because I just wanted to have that skill set. And then I knew I was going to, and I wanted to have a degree. And then I wanted to. I don't think you're going to stay in this career for long. I think you're in a career for two, three years and then you're under the next.

You get bored. You get bored. So I get bored, but not with tech. I don't know, man. I've always been interested in tech. I'm sure, but all of a sudden you're going to be in it for a few years and then there's something else nice and shiny. It's going to find out. So the reason.

So, well, one of the reason why I didn't even try to get into like paralegal is just because a lot of it is people like they want you to have like three years of experience already and. Sure. And all that stuff. And then I just. Gosh, you're soon alone, seven percent for that one. Well, there's more. It continues. Yeah.

Sorry, continue, I guess. Oh, and then, um. First of all, this is a lot of student loaned up for associates. Yeah. $26,000 here, $7,000 there. And then, uh, and then I started going to school for my nursing, which was originally my long term. Nursing.

What are we on? Six? How many careers do we need to count? You're not going to stick with your current career. You're not. You're not. It's not funny. I am.

I, I'm, I might not work for a company. but I know for sure I want to do like What you think starting the company is easy Well I'm not gonna start a company this would just be I'm not gonna work for a company What's the alternative? It's just like freelance not like actually No well I thought I meant like you within yourself

You're a company you're your own company You're gonna have an LLC you are the company in a way I'm not saying building a multi-million dollar Right Either way that's so much I don't even know about doing the LLC Everyone would love to freelance whatever side like side work type But you just said I don't know if I'm going to going to work for a company. Now you're only going to do side work. How are you only going to do

sidework? Well, I mean, no, no, not. I'm meant with like tech. That's probably not my, but like, I might, uh, finish nursing and then do. You're going to finish nursing? Do well, development on the side. No, you're joking. You're fucking with me. No, nursing's a good feel to why be not brought that up in 50 minutes? Well, I haven't fully committed yet. I don't think you fully committed to anything in your life other than popping out children. And another $10,632. Imagine you spent $10,632 on condoms, unless you've multiple lifetimes.

I'm kidding. I'm kidding. Hey, if one of my kids get rich, which might, you know, the chances go up with every kid. Oh my gosh. Is this something different? Is this another one or is this more? Or is this separate or?

I think they all came. I don't know. They all came out separate. Oh, no. That's the, you're talking about the balance? turn about that's the total okay so total across the board we're sitting at which means i'm missing one doesn't because the numbers i have don't add up to that that would be 36 no yeah they do so 44,585 dollars past due pass due they'll garnish your wages so they'll garnish your wages

this is that to the government so uh they they just start taking the payments or charging again And I just noticed when I was getting everything set up. And that's a new company. So it just switched companies to. Yeah. I got transferred to them as well. Yeah. So I'm going to go in.

We all, everyone else figured it out. I didn't, I didn't know. I didn't get a notification. Yes, you did. Yes,

you missed it. I missed it probably. I get like 200 emails a day. So. Well, start unsubscribing. That's not an excuse. It's your responsibility.

It's your responsibility. It's your responsibility. 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-Fi 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. $439 a month, $22 on a normal basis. But current amount of due is $821 because of $376 and passed due. Okay, fine, you figured out, then why haven't you made the payment?

Because you know, you've known for a bit now. I haven't explored my options yet. What are the options? Wait, you mean go to an income base or something? It's not like your income is tragic. I mean work for a non-profit trying to get some kind of

forgiveness what are you I don't know no what I'm just gonna well yeah I need to I just don't know

because before for the longest time I was on income base so I probably should start paying on it anyway but $57

in checking here we go here we go Thai kitchen apple bill tequitos ATM ATM would draw $62

who knows where that went Burger King is basically not even food cash withdraw $82 who knows where that went comedy club tickets Bricktown comedy then we're not money Venway not money going to Frippin Express Express like the clothes store

Yes I'm not wearing it but I love wearing express But I get a 50% discount So only way to justify it So I think there's another way I went to Express because we were getting ready for But you went to express a lot This wasn't one trip so if you're about to say

Because we're going to something you went there many times What was for? Yeah. The only thing I remember I was getting ready for the daddy daughter dance. Express. Cababs.

Waterburger McDonald's. Tequitos. Little Caesars. Shipley donuts. Jimmy John's. Wendy's. McDonald's. McDonald's.

Brictown Comedy. Tequitos. Taco Bell. McDonald's. Chopsticks. Grandies. Cowboys. Cash which are $42.

He knows where it went. Sonic Taco Bell Rancho. Health Nut Cafe. Oh, you go to the chiropractor Perchance? My choice. No, no, no, no. First choice promo.

I don't know how I read that it's chiropractor. First choice promo, 7489. I don't even know what that is. I don't even know what that is. That's great when a massive bill comes out. We don't know what it is and we don't have any money. Cotto, cash withdraw $204.

You know what I went. Cash which is all $124. You know what that went. Buffalo Wild Wings, KFC, Outback, Equity Brewing Company. Dominoes. Some king thing crap. Tequitos.

Home Depot. You go to Home Depot a lot, by the way. Yeah. That was for... The apartment thing? The, yeah, house. Okay. So there's $542 there.

Then Home Depot 920. Then ATX, or... Auctions in Oklahoma. Auctions. Brom store. Apple subscription of some kind. Another Apple thing. Tequitos, KFC.

Home Depot. 14 Home Depot $31. Chef D's. Stop Smoke. What was it say? Stop smoke. Stop smoke. For stop smoke. You smoke?

No. Hopefully it's barbecue then. Water burger. I don't even remember what it was. Apple money out. Great. Chick-fil-A. Tequitos and raisin canes.

But we're not done because we have another account. $58 in the checking account. Terrible vance I have for someone with five kids. Scary, selfish because you're spending is ridiculous. Apple Bill. Digital Ocean. Crunchyroll. Zell and out money. Hiroku.

Out of network ATM fee. Great. And then we're drawing $102 in ATM. Who knows where that went? King Gundy. Best Buy, Best Buy. Venet out money. Golden Chick, Grandies.

Tequitos. Churches chicken. Yeah, you are single. We got some OF. ATM would draw. Fee, on a network fee, chick-fil-A, Amazon, McDonald's, Thunderbirds, Thunderbird Casino. Come on. Thunderbird.

Oh, that's their gas station. Okay, well, you didn't go and get gasoline, so you got like a few dollars of gas. Just bought some tequito bulls. Uncle Bell McDonald's, Sonic, Sonic, McDonald's, Chick-fil-A, ink-free, some Groupon thing, cash app, Gack, Grandies, McDonald's, Amazon. on Property 1 Vegas. Oh, that was from the auction.

That was... Cash app out of... Cotto. Oh, f***ing. Out of Network ATM fee again. And then we took out $104. $75. McDonald's.

Anime. Definitely an anime. Oh, on a network fee. And then we would drew $141.50 from the ATM. Who knows where it went. Chick-fil-A. KFC, Steam Games. McDonald's.

Chick-fil-A. And our cash app. $54. We always barely have any money in our little accounts. Great. Cash half outspending money. You're borrowing from Cash App and you're paying back. You're doing little payday advances.

Yeah, sometimes. Yeah, we can't afford to get McDonald's. It's as easy as that. If you have to borrow money for a few bucks, can't... Sometimes I do it's I don't got to go through the hassle of. Cash up money going out. Loan repayment. There it is again.

Cash up money going out. Cash up money going out. loan repayment cash that money going out cash that money going out cash that money going out freddies oh and now we have venmo where we're doing a chat gpts subscription sending some money out o f again meal soft grandies chick fillet photography sonic macdonalds mcdonalds arbyes this is insane dude this is like ridiculous and we have an apple cash account at least we have like a thousand bucks in here. Express.

Express. McDonald's. Sonic. Then our C... Then in this checking, $3. And then our savings, which started with $49. At least we're starting somewhere. It was so much money went in.

But so much money went out. It didn't really make sense. This isn't savings. When is this is going in and out? And if you look at the checking account in more detail, a lot of the money that's coming in is just going in from the savings. So I do that. So I don't have any, well, less likely to get unsuspected charges.

So if I have like a subscription that I forget about or I don't want to pay that way, I'm not getting caught off guard as much. Why'd you be caught off guard in a budget? And also, what's the difference between the savings and the checking account? That doesn't make sense. the way that you're using it. Because like the, well, the debit card. And plus, I guess, I mean, I would say, even though I still spend a lot, I do, it does make me more conscious about how much money is going in and out.

How much, how much of your total spending, are you going out to eat? A lot. I'm not, I probably say probably maybe like 40, 50%. Okay, so you're not at all conscious. well I said more conscious I didn't say I was at a good level That's a joke

That's a joke Housing $700 or 10% Phone 3.3% Or $228% Transportation 9.8% or $685.67 Food going out to eat $1,127%

And $16% Unknown shopping These are Amazon, Target, things like that Where it's impossible to know 19.2% are 1,3407.28 cents. Medical and healthcare, 1.9% subscriptions, 0.5%. Misaliening speed, yes, this is stopping, getting the B2B, getting that OF, getting some tequitos, 17%, or 1,188.78.7.7.

Large purchases, mostly ATM withdraws. We've thrown in this category for you. 1,558 dollars and 50 cents are 22.3%. Insanity, yes, it was Venmos and cash apps out, and Apple Cash, and photography. MuleSoft. Milsoft. Milsoft is what I what I'm working with now.

This, they can't see it. This? This? This is all like actual insanity. This is chaos. This is some of the longest

it's ever taken to go through financial documents. This is crazy. This is crazy. And you have nothing safe for retirement. You have no financial future. You change your jobs every second of your life. You have a million career paths. You have no plan. You keep repeating the same mistakes. You haven't accepted any of the stuff you're doing as actually being wrong, meaning that you're

likely to repeat them again in the future, if not even worse. This is a disaster. And really, that's all I can say. This is a mess. And it's up to you to wake up. I hope this conversation helps in that regard, but it's up to you to wake up because there's nothing I can do if you're not willing to do that part. How much you spend on gas on a monthly basis on average? On average, I'll probably say around probably like 120. Car insurance currently.

Currently, I pay 148. Internet? No. It's included? Yeah, all the... All utilities? Oh, yeah, all bills paid. What's your phone bill?

again? Crazy. Something crazy. 380. Oh my gosh. But he but also well so I guess my part would be 230 of that because my I have my mom and brother that pay their part. When you pay off these phones, you got to switch to helium mobile man. You got to. I partnered with them specifically for people in lower incomes. No, in the situations that they can't afford. So let me get you set up with them. But this is ridiculous. It's like 20 bucks a month. Come on. It's crazy what you're doing. That's an insane phone bill. Let's get the debt payments.

I feel like something else popped up earlier that I'm not adding in that you owe on a monthly basis. We do have the 325 in child support. What, something else came up here? What's that? To my mom. That's the part of your debt payments. Oh. Is there anything else recurring that we didn't?

That might be missing. your debts are crazy though debts are crazy and this is without even having to pay on like your repossessions and collections um it's crazy $1,530

$42.42 Sanity Insanity Okay, total paper fund $100. This is going to be interesting doing the group No, it's going to be a little more than that. I'm going to double that to $200 because you know

gotta pay for school stuff here and there just random things. This is anything else you need to survive. When you take the budgeting program, you're going to have a more concrete official budget. This is just so we get a path going and figure out what we can do to make sure we actually are successful in the end. Necessary food budget, this is a little harder because, yes, you have a lot of kids, which you only have them on the weekends. I'm going to budget that they're almost like two full-time kids, I think. It might be a good mathematical way to go about it. So I'm going to say food budget 600.

Trude. Again, you're just going to have to figure that went out a little more. Medical health care. Jim. Jim. Medical health care, anything? I do gym. How much? 30 a month. Anything medical health care medication?

No, all my, my personal health care through the VA and then the kids. Subscriptions. How much for the business necessities? Not Netflix. None of the other. Just business necessities. What can we get away with? Subscriptions?

Yeah. I think I limited my subscriptions now. I mean, I think I should be okay with like 20 a month. None of that better be unnecessary. For the kids. Mom better be pitching in. Anything else. Anything else.

On an ongoing monthly basis that you can think of. that I can think of the auctions. We have to budget that in. The what? No, what are you talking about? What are you talking about?

That's where I, that's how I save a lot of money. No. What do you mean? Like, um, like I got, get some household essential.

I got, like my, my truck. I got some new tires from them and. Oh, buddy. Everything else you need to survive, goes in the total paper fund. You're going to budget these extra things around it, but I'm afraid

this auction thing is you go to the auction okay, maybe you need something, but you go to the auction you're just getting some you don't need because you can get a good deal. You got a good deal on the phone, you know, all this stuff. So I don't think you, you don't, it's not, you don't need that. Yes, if you need a new tire, that is different. That goes in that fund. But you never know

when, so I'm being proactive about some of the things I get from the auction. No, no. Okay. No, you're not listening. you're not listening no you're not listening to anything i'm saying you've not been receptive we almost made a budget where you had a chance to take care of things i someone else someone else is going to be here in a little bit that probably actually wants help and i'm going to focus on them because this is a joke this is sad i'm embarrassed for you and i hope you figure this out yeah i i'm rooting for you and i want you to do well but this is sad the fact that we just kind of had a budget and you're like

I'll throw in this thing that I want. I'm done. I'm done. Make sure to check all the resources linked in the description below. They are what I use or would use in specific situations, including the best budgeting program in the world. But I'm going to set you up with it. I hope you use it.

But other than that, I'm done with this conversation. I'm going to get up and leave because this is really stupid. Ridiculous. Thanks to all of our Patreon producers for making this episode possible. If you want to participate in an episode of Financial Audit and you're able to make it to Austin, Texas, please fill out an application on the survey linked in the description below. You can also send a link to your friends or family who you think might be good to be on the show.

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