Financial Audit - Loser Thinks He’s Better Than You | Financial Audit

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Starting point is 00:00:18 40% of your income right now cannot be going to food. I won't have the time to myself. What do you think cooking is? It's time to yourself. I'm not trying to come home after working 10 hours. So you're just an immature baby? because that's what everyone does. I've been overworked for like the last four years. Oh, little guy has a little bit of a job in 25.

Starting point is 00:00:37 I don't give a fuck. Congratulations, you worked a little hard in your early 20s. No one's ever done that before. Well, I'm going to be in college for three, four years. You're going to be a negative checking account right fucking now, so I don't give a shit. Download my new simpler budget app today and take control of your money once and for all. Hey, my name is Adam. I live in Round Rock, Texas, and I'm 25, and this is the financial audit.

Starting point is 00:01:02 The financial audit, he's here from Round Rock. Thanks for coming in, man. What do you do for a living? I am an inventory supervisor at a car dealership. Inventory supervisor? So not in sales. No. Okay, you bring in the cars to the dealership?

Starting point is 00:01:17 You're like making sure they have what they need? Once they get in, I make sure that they get to the right place virtually. Get them to service. I hate dealerships, man. Me too. Okay. Why do you work at one? I mean, they make money.

Starting point is 00:01:30 That's why I'm there. It's stressful, but it's where the money is. It's stressful? Very. Okay. What are you making in this job? Right now, it's a little weird because I'm taking classes, but usually, well, 25 an hour. Oh, so some of your times are you up with classes?

Starting point is 00:01:46 Exactly. What classes are you taking? Intro engineering classes, physics, too. This is college. This isn't like you're taking like career, like inter-career. career classes. Okay. So you're in school right now. Yes. Well, how many credit hours do you take in? I've taken like 80. Now, how many credit hours are you taking? Currently, 12 to 15. Okay. So full time. Full time. So 25 an hour is what you're making? It's not bad, but how many hours a week are you working? When I'm in class, it's about 20 to 25 hours a week? How often, you're mostly in class, right? Yes. Minimum 20 hours. I'm usually going up to about 25 hours. When would you not be? You're talking to like winter break and summer break? Yeah.

Starting point is 00:02:30 So like for winter break, I was working more. Yeah, well, that's two weeks, right? No, it's about a month. Oh. I'm actually starting classes next week. And I ended January 11th. So what do we expect to hit your account on a monthly basis? From now on, 500 a week.

Starting point is 00:02:47 So, 2,000 a month or so, a little bit more because, I mean. Oh, what? 2100. I'd say 22. Oh, okay, 2,200. Okay. Now, honestly, 2,200 for a full-time college student is actually, I'm happy with this. That's pretty good.

Starting point is 00:03:05 That's pretty good. How we live in Austin, though? Because I know Austin's expensive. How are we doing in school? How are we doing all this? What's going on, my guy? So I'm not in Austin because Austin's awful. Okay.

Starting point is 00:03:16 Well, Round Rocks is separate of Austin. Yes, but I don't have Austin rent. That's one big thing. I have some paying $3.40 a month for rent. $3.40 a month? Yeah. So just endless roommates. Yes.

Starting point is 00:03:30 Okay. Yeah. That's incredible, though. Yeah, it's great. Getting that kind of rent in Austin and Round Rock area. You're negative in a checking account. Then if I had, if I had $300 of rent, I wouldn't be negative in a checking account. Well, we'll get there.

Starting point is 00:03:45 So, okay, go on. Keep going. So I'm making that much money. I have that rent. Most of the thing that eats my money is probably food right now. Food. Food. I love food.

Starting point is 00:03:56 I like being able to. I actually make my bills paid without going negative and overtraft. Okay. Well, with work and school having to, I'm working a lot. I'm in school a lot. I don't have much time. And so I always eat out. And that's what builds.

Starting point is 00:04:13 I'm so confused. I mean, it's easy. That's what it's there for. Fast food is fast food. I don't have to spend time cooking, which I don't know how to do anyway. Don't know how to do. What if I gave you? We have a cookbook.

Starting point is 00:04:25 Oh, that'll be nice. So no fucking excuses now. Yeah. Because you get the premium version of our simpler budget at. You get it for life. You get it for life. So you can make your budget in our new budget app. So you get that shit for life and you get the cookbook.

Starting point is 00:04:39 So no more excuses, right? Congratulations. We solved the issue. All you have to do is meal prep a couple times a week. Just take the meals. Make them. They're on a budget healthy meals. You take them a couple times a week.

Starting point is 00:04:50 But how am I supposed to do that when I have classes? Okay. How many? You're working 20 hours a week? Yeah. How many hours a week are in the classroom? It's a little hard to say. Well, how about let's think a little hard and say it.

Starting point is 00:05:05 Okay. Each class is going to be about two hours, and then I'm taking five classes, 15 hours or 10 hours. Okay, so so far you're not even at... That doesn't include study time. That's why I said so far. So far you're at 30,

Starting point is 00:05:19 which is obviously less than the average person works. Now there is study time. And some of these classes, zero are a little on the harder side. chemistry wouldn't see me pass it. Not a chance. Cal three, physics two, engineering physics mechanics. Yes.

Starting point is 00:05:35 What the fuck? What is health three? Walk a little quicker? Sorry. Oh. Calculus three. Physics two, engineering, physics, mechanics, and government. Yeah, but you got it all over.

Starting point is 00:05:45 You got the Zuck look, so you're probably good at the... I'm good at the math, but it takes a lot of time. So how many hours a week? Give me a real answer. What you actually think? I don't want you to over exaggerate, under exaggerate. What do you think? on average is done on a weekly basis.

Starting point is 00:06:00 Obviously, it goes up close to midterms and finals, but just average study and homework. The big thing is I didn't do it enough. That's not a number. Wow. I didn't do it enough last semester. So I need to go more of this semester. Cool. What are we determined?

Starting point is 00:06:11 What will be normal? Around three hours a day to take care of all the classes. Including on weekends? Yes. Okay, one thing is on Sundays when I work, I am allowed to do my school work. So that kind of helps me out. Okay, so six days? Yeah.

Starting point is 00:06:31 Three hours for six days. And then Saturdays is my do nothing day. Okay, so three hours for five days is what we're calculating. No, six. Sorry, I said Saturday. Saturday is a nothing day. And then you also are able to do it at work. So we're not including that as extra time.

Starting point is 00:06:48 I guess, yeah. So it's just the five days a week. We're including the extra time. Okay, come on. You're math guy. Okay, so, oh no. Obviously not really. Oh, no, 45 hours a week, slightly more than the 40 hour work week.

Starting point is 00:07:02 But I've got to. No one's ever done that. Plus kids, plus whatever else in life. Yes, everyone does that to their job. I've got to go to Austin from Round Rock. Yeah, guess what? Half the people here fucking do that. Well, we're moving closer to downtown.

Starting point is 00:07:19 So yeah. And guess what? It's fine. Like, I know, I know the area. You're okay. I mean, it's an hour like each, well, hour, times two each day. Kind of. What time are you leaving?

Starting point is 00:07:30 Seven in the morning and five at night. So right in the middle of rush hour. So every single time I leave, I'm going in rush hour. And with Austin, with downtown Austin. You're not hitting Mopak? Toads? I do sometimes. Not that you should, but if that's your big complaint.

Starting point is 00:07:44 I'm not really connected that way. Mopax, if I have to, I can take a 130. But it's not always the case. I usually have to stick with I-35. Okay, okay, okay. Okay, you have about double the average Austin commute. When people go ahead and also pick up their kids and drop their kids off from school, adds to that. So I think those people are probably double the average as well.

Starting point is 00:08:09 I really don't think you have the room for excuse here, man. You're really just trying to assume because I deal with these things that everyone deals with. Now yours is split between more activities, but the math is still averaging close to the same. You're above the average person once they're more settled if they don't have kids, if they don't have blah, blah, blah. If they do nothing, they just go to work and they come home. They still find a way to do it, especially the ones with more. So you're immediate trying to excuse that.

Starting point is 00:08:38 Other people get the shit done. Other people get the shit done. And you can, yeah, 794 spent on fast food. That's crazy, dude. For your income situation, you spend nearly 40% of your income. I'm f***ing fast food. When you could be work, if you use our thing, it's $300 a month, you can meal prep. I also don't know how to do that.

Starting point is 00:09:08 I don't know how to cook. Yeah, follow the cookbook then. I'm not very good at reading. That's why I'm in math. Yeah, I don't think a recipe with like 10 words is going to be that complicated for you. Even still, it's something I haven't done before. Cool. You have to learn how to do it.

Starting point is 00:09:21 Yes. Not only that, but then I won't have the time to myself. Right now. What do you think cooking is? It's time to yourself. It's still work. I'm not trying to come home after working 10 hours and then I have class to work on and then I get to come home and do more work. So you're just an immature baby because that's what everyone does. That is literally just what everyone does. It's just because it's what you have to do. It's a have to do situation. Simply put, 40% of your income right now cannot be going to food. You're spending over double your rent. Over double your rent. Over double your rent on just going and getting fast food because you're not willing to spend basically about your rent on groceries, which is what it would cost you to follow. our plan, dude.

Starting point is 00:10:00 This is pretty simple stuff. This is an immediate dumb assy out of the gate. Dumb assery. Urban areas, average community around 45 minutes. You're not that much higher than that, and you're in an urban area. That's in the United States. So shut the fuck up.

Starting point is 00:10:13 Everyone deals with this. Take the diaper off, become a big boy. What, holding you again? 25. This is, okay, if you were 18, maybe, like, I would still be giving you the same shit. Come on! And also, there is no excuse for not knowing.

Starting point is 00:10:28 100 do the basic shit anymore. You live in the world of GPD. You live in the world of fucking Google. You live in the world of YouTube. You live in the world of cooking shows. You live in the world of any piece of information, cookbook, whatever it might be. The fuck of your damn fingers, dude. It is no longer an excuse.

Starting point is 00:10:46 It is not a time thing. Put on your favorite video, your favorite podcast, your favorite audiobook, whatever the is. Have your alone time. I don't know. Do it naked and then get excited and just whatever you're, need to do. Run all over your body. You can make it interesting, man. I'll try it. It's just hard. I'm also not suggesting every day. Remember how I talked about meal prepping? That is a couple

Starting point is 00:11:09 times a week. That means you do it a couple times a week. The rest of the time, it's actually going to be quicker than you and going through the drive-thru, because you literally go, and the food's done. I'll give it a try. But the main reason I do fast food is because it's fast, yes. Not as fast. No, it can be. It depends. No, not as fast as microwaving. Well, if you order ahead, then you can get there and it's ready. Yeah, but just have to wait in the line. No, not without ordering online. Half the places I go to, you walk in, you get your food, you leave.

Starting point is 00:11:39 Meal prepping would be a good idea. That will save me some time and money. But at the same time, I've been overworked for like the last four years. 45 hours of work. Yes, no. That's now. I used to be in charge of service. Cool.

Starting point is 00:11:54 Well, all I give a fuck now is because all we're doing is addressing this for the future, right? So I don't give it a fuck. Congratulations. You worked a little hard in your early 20s. No one's ever done that before. It's difficult going from working that hard and not having a time to, I'm still working hard. I'm doing class and work like him and look like him, but you do not have the work ethic of the suck.

Starting point is 00:12:18 I also don't a lizard person either, so I got that going from me. Are you sure? Like are you coming with a broccoli haircut and MMA fighting in about 10, years from now. Is that your transformation? Are you going to come on rogue and also you're going to be a workaholic and everything's going to be fixed? For the time being, I will say, I work a lot and I do a lot of stuff and just having a little time to not have to worry about the food. Like I feel like if we compare the tism count, if we take your blood, your tism spectrum will be on the same level. That's clear. There is full zuckness. There's zuck everywhere. You have a dump truck like the

Starting point is 00:12:53 zuck? No, no, I do not. Well, see. Skinny is a pole. That's, that's, I That's a shame. I guess you can't have all the good traits. So what was your big, hard little working time? None of us ever put in an 80-hour work weeks in our early 20s when we're trying to get done. I was in charge of used service. I was taking care of all the vehicles that got traded in. I had to deal with five, six managers at a time, 50 salespeople at a time, dealing with phone calls every day, about 75 to 100.

Starting point is 00:13:22 On top of that, there's always something that need to be done. Is there something that needs to be done at work? Yes, I'm a perfectionist. It's what I do. I do everything right. Guys, something needed to be done. We should probably just quit. Something needed to be done at work.

Starting point is 00:13:38 Next time something needs to be done here, I'm out. That's too hard. It's different when you're doing other people's jobs, too. Welcome to every job, man. There's slackers, and there's takers, and there's winners, and there's losers. You're going to experience that forever. I'm not trying to necessarily, well, no, I am trying to dismiss what you're saying a little. But I'm not trying to take it in a way where it's like, oh, your feelings are necessarily like your feelings.

Starting point is 00:14:02 It's not like that. I'm just trying to experience your good. Your excuses for doing your misbehavior is going through what everyone already goes through. It's like you're going to be dealing with different variations of this all throughout your life. Be an engineer at a company there's going to be slackers. You're going to work with a product manager that doesn't give a shit. You're going to have 10 managers with different ideas about whatever you're working on. This is what's going to happen.

Starting point is 00:14:25 And guess what? Sometimes stuff happens at every company ever. And fast food will always be there on the way home. It'll always be there on the way home. The commute will always be there unless you're one of the rare few these days that works remote. So, a little big guy, I'm sorry. You're always going to have to do a bit of work. Major channel announcement.

Starting point is 00:14:51 Budgeting, budgety, budgety, budgeting. It's a new year. We're all trying to budget. We're all trying to make it a little better. We're trying to improve our life. A lot of people on the show, a lot of people out there that I've heard from, they try to start a budget. They can't stick to the budget.

Starting point is 00:15:04 It's because it's all too damn complicated right now. You use any of the budgeting apps out there. It's crazy. It's hard to know what's even going on. It's impossible to set up and it's a chaos to manage. That's why over this last year, I did the thing. I made a budgeting app for you guys. This does not need to be complicated.

Starting point is 00:15:24 You're trying to take it. take control of your life, so it should be simple. It should be chill. It should be easy to set up and easy to manage. I've called it simpler budget, because that's all it is. It's your simpler budget. But we up the anity with continued education and an ad-free version. In the premium version of simpler budget, you can track your spending, set goals, and stick to a plan that actually works by connecting to all of your bank accounts automatically. No manual stuff here. There's actually weekly live sessions with financial professionals to answer your questions and keep you on track. They'll be teaching lessons and you can ask them things and they will actually help.

Starting point is 00:16:01 There's also weekly mini classes keeping you up to date and educated on every financial topic you need to improve your life. Plus for a limited time right now, you get access to our new budget friendly cookbook with 55 money saving recipes to eat well without overspending. And because I love you guys and it's a new year literally anyone who signs up for the month of january gets all of this including premium for free for a month it's time to actually make a budget and stick to it for the first time ever let's take control of our 2025 and make this the best year ever download the simpler budget app today a link in the description below this budgeting app will change your life it's i'm a fractionist like i said so there's always going to be more work to be done and i don't like

Starting point is 00:16:49 leaving things undone. So I'm going to finish where I started and that takes more time. It takes more effort. Perfect. And I want to go home and do more work. Perfect. The enemy is good. Sometimes you just need to get to the point where things are good.

Starting point is 00:17:03 Where you're doing life good. And that's okay. If you're actually able to accomplish everything and that includes health and personal finances, that is fine. There's nothing wrong with that. Yeah, it's something I need to work on. I'm not good at being good. I like to be great.

Starting point is 00:17:19 with the therapist that our guests sit down with at Sondermind. That's one of the resources that I can give. Okay? Sit down with them. Fuck. Practice them damn skills. You get three free sessions. Those same therapists that I use actually.

Starting point is 00:17:33 Any tool we do I use or would use. And then use our, again, again, the cookbook, dude, and the simpler budget app. Use our, we made this essentially for you. Like literally constructed this from scratch for you. I'll give it a try. You better because you get it for free because you're coming on the show. So don't be a dick. I'll still probably eat some fast food at once.

Starting point is 00:17:54 Well, it's not about that. It's about the way you're doing it. Again, you can't afford to spend 40% of your income right now in fast food. If it was 5%, would I give you a little slap right now? Of course, because we're doing a wake-up call and we're trying to get you on the right track. But 40% is unsustainable. It's unacceptable and it's unsustainable. Like, it's not going to be much of a conversation to have, be had.

Starting point is 00:18:17 Okay, so we know what came in. of course, payroll was 2,280. It's pretty similar. But you also had a remote deposit in of 3,700. What's that? Rent. I pay the rent, so people send me the money for rent. So what income actually came in last month?

Starting point is 00:18:31 That much. $2,800. The $3,700 is paying rent. How much was spent? How do you mean? Like, when people send me the money, it goes directly to our land board. Okay.

Starting point is 00:18:49 Okay, what's the total rent? So I can calculate this a little better. 2425. And your portion? 340. Cool. So minus... Sorry, 2525.

Starting point is 00:19:02 It went up. It just went up. It just went up. 2595? Yeah. And your... 340. Okay.

Starting point is 00:19:10 Cool. So now I have the real math. The corrected math. After their cut of rent is already taken an account, their cut of rent, on your $2,280 income, what do you think you spent in the last month after the rent is taking an account?

Starting point is 00:19:30 I mean, everything. With bills. Is that a number? That's interesting. $2,800. Okay. Yeah, $7,600. What the fuck are you talking about?

Starting point is 00:19:39 You don't know anything. Come on, number, guy. Come on. Also, I'm sure there's money for my work in there, too. Huh? How? How much? How much?

Starting point is 00:19:48 How much? How much would be from work? For what? What is on a monthly basis that? would equal triple your income. Well, it's not a set amount. It's when we send vehicles to other dealerships, other vendors. I pay for it with my personal card.

Starting point is 00:19:59 How much is that? I don't know. A usual guy? There is no usual because I can send a BMW. It's going to be a BMW. You need $3,000 right there. $3,000. I can do a Toyota and it's $50.

Starting point is 00:20:11 Well, look back to this last month. What would you think? Honestly, I don't know. Because honestly, our large, well, okay, so we do have a decent transportation. If you tell me what the income. money is on the statements, then I can say what dealership it is or where it was. Because there's too many to keep track of sometimes. And most of them will say on the title, whether it be BMW, we have a tire shop, we have

Starting point is 00:20:34 Round Rock Toyota. I tend to pay for a lot of things. But that money comes back and I don't actually see it on my end of things. I only get the points from my card. Okay. I can tell you exactly how much. $4,000. So guess what? You spent $3,600. you made 22. You're still okay with that? No. Come on, man. No matter what we do with the rent or with the car thing,

Starting point is 00:21:04 you're still spending dramatically more than you make. Dramatically. How far are you able to sustain that? I don't think very far. Well, right now I have the loan that I have to pay off and that's significant towards it. The loan? I have the loan guy.

Starting point is 00:21:19 I have a lot of loans in here. I have one loan right now. Well, besides studio loans. Oh, there's a lot of loans in here. The personal loans are. You don't consider credit cards, different kind of loans. No. Do you consider them all debt?

Starting point is 00:21:29 Yes. Okay, as long as you consider it debt, that's okay. I guess we don't have to use the word loan. So I guess there's a big thick poppy daddy loan in here. It's probably at like 13.5 right now. Why are you, okay. So now it's okay that you're in school. Nothing wrong with that.

Starting point is 00:21:44 And you're going for what's good. You're in school at 25, which is a little less, you know, than normal. I wish I would have done it. Where are you in school? school and why at 25? It's hard to say what grade I am technically, but I'm probably a fish or a sophomore. I got accepted into a program with A&M and ACC. I'm co-enrolled currently going for engineering. Austin Community College. Yep. And I'm going for aerospace engineering. I started because I got fired at work, not technically. Well, not the current job. Current job.

Starting point is 00:22:17 I've been at the same place for a little over four years. I got fired maybe about a year and a half ago. but rehired the same day. It was a weird situation. Yeah, go ahead and explain that for me. So we'll go back to that. So I was used service manager for about six months because my boss had gotten promoted and they promoted me. I was brand new to service.

Starting point is 00:22:37 I didn't know anything about servicing cars, but they knew that I was good at my job. I was a perfectionist. So I started to go into that, did that for six months, and then my boss got demoted because there was another guy that got pulled into his job. Okay.

Starting point is 00:22:50 So I get bumped down to used service writer. Pay affected? Pay affected. From what to what? It was $1,400 a month salary net at that point as used service writer. That's pretty good. $1,400 net? Well, for how many hours?

Starting point is 00:23:07 I mean it's salary, so I would usually work 40 to 60, primarily 50 to 60. You're making $1,400 a month working 60 hours. Well, yeah, I shouldn't have been working 60 hours. But like I said, I'm a perfectionist. I like to do everything that's supposed to be done. Well, that's your choice then. Yes, but it's the kind of person. I'm not going to leave things undone.

Starting point is 00:23:26 I'm not saying leave it done, but again, perfection is the enemy. Good. Like, there are, like, sometimes if someone's focusing on one task for perfection, they leave up five other tasks on the table. Well, the thing is I'll do those five other things. Okay, when you push yourself to your ass to the limit, is everything then done correctly in the future? Like, okay, you say so.

Starting point is 00:23:46 I hope so. Anyway, I was making $100,000 a month, roughly, or sorry, a year, roughly. and then I got demoted. Wait, what? How much? 100? Should have been 100 a year? No, no. You said you made 1,600 a month?

Starting point is 00:24:00 8,000 a month. 16 a week, I'm sorry. Oh, well, there you go. That's completely different. That's incredible. Unless I misheard that, but that's great. $1,400 a week. Okay, and then you got moved down to what?

Starting point is 00:24:11 It was based off hours, so it's hard to say a real number, but it stayed around $1,400, depending on how many hours you worked. Okay. How many internal hours we were doing at our service shop? Horrible, poverty. Okay. Yes, exactly. So after a little bit of that, there was a customer that came in. His salesperson wasn't there and he had a 2013 avalanche that he wanted to get serviced. And there was a whole slew of things. His piece of shit. And he wanted all these things done and was basically saying, I'm going to do it myself. And he gave us the car back. He's like, oh, wait, now you do it. More or less, he was just not being straight with what he wanted. I told him he came in one day asking for us to work in his car right there. It was.

Starting point is 00:24:51 four o'clock on Thursday, so I said no. And the guy left, and he wrote a review that long, saying he was going to sue me at my dealership. You? Okay. Because I was so awful. Anyway, he writes that review. I don't think anything of it. I have a vacation scheduled for a few weeks after that. It comes to the Friday before I'm about to leave. 545 on a Friday. I'm about to leave. Boss calls me in, hey, you're fired. That sucks. Reason given because of that? Yeah.

Starting point is 00:25:25 Then you weren't able to defend it? I tried. My boss was even in the room, the guy that got demoted to my position. He stayed after me for like a minute. So obviously he didn't really try. But I got demoted. I tried to fight it, but basically they just wanted to scapegoat. That was me.

Starting point is 00:25:40 They did? Why? What's the consequence for the day? Okay. Bad relations. Our company has a habit of making nice to all the customers even when they're wrong because they want their repeat service. Yeah, but how are the guy?

Starting point is 00:25:51 No, okay. Either way. Okay, that happened. Can't change it. And then I came back, talked to my director again, asked for a quality job because our service department was awful. And he gave me that. So I was fired, we hired. And then from that point on, I was making $25 an hour. And that has where it's been. Then you decided to go to school because of that because that was... Exactly. Okay.

Starting point is 00:26:16 So, yeah, that kind of... So real story is, I had a job and I no longer had a job. All that to say, I'm in this program with ACC. A&M. And you think you're a freshman in terms of hours completed. Because after this semester, hours completed is a little different, but towards the program, yeah, probably freshman. And then after this semester, I'll be transferring to college station or UT if I end up going online? In person. Both places would be in person. Not at the same. What are you going to do for income in A.m. two hours away.

Starting point is 00:26:44 I can go to any dealership. We have sister locations in Austin. It is something that I want to do long term. Well, if long term you want to come on this show, Come on down to Austin, Texas. We'd be happy to have you on. I'll give you a little pabow! A pew! And it'll be a good time. So go to Calebhammer.com slash apply.

Starting point is 00:27:03 He'll go through the full onboarding process, meet some great people. It's a good time. And if you watch your Hammer Financial Score, see where you are a second. Lots of places can expose you to identity theft. Oh, no. That's why LifeLock monitors hundreds of millions of data points a second for threats to your identity, which is way more than anyone can do on their own. If we find anything suspicious, like new loans or changes to your financial accounts, we alert you right away.

Starting point is 00:27:29 All through text, phone, email, or the LifeLock app. Get the alerts that could make all the difference. Save up to 40% your first year at LifeLock.com slash special offer. Terms apply. In the world of finances, go to that link in the description below. It's completely free. Where do you think you are on the score of 0 to 10? Zero being the absolute worst, 10 being the absolute best.

Starting point is 00:27:50 Where do you think you are? Six. I'd say a six. Like, what? You've lost me. You had like a story that was like, oh, I have a person with a brain talking to me. That's great. But I was also falling to sleep.

Starting point is 00:28:01 And that's okay. Fool, why are you rooting it with a six? Go ahead. Explain. Explain. Explain. I'm not stupid. You're not stupid, but the score isn't a stupid score.

Starting point is 00:28:14 Honestly, I don't even know what the score is. I said zero to ten in your finances. Okay, then yes, six. Oh, maybe. Explain you. little tit. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space online. We have our budgeting program where I teach you how to create, manage, and

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Starting point is 00:29:39 But I know now sometimes you need to not spend money. Huh? To be able to go through the drive-threaty spend money? On a car? No. What did you say? I wanted a car, so I bought a car. Well, no, it's expensive. Really?

Starting point is 00:29:55 Yeah, of course. How much was your car? What was the price of the car? 70,000. I mean, it wasn't, you make $2,200. What's what I'm talking about? You have tuition, you have tuition, right? Do you have tuition?

Starting point is 00:30:05 Does college cost money? Yeah. Oh, big guys, college costs money, and you make $2,200 a month and you got a $70,000 a car? In what world do you think that is something that even close to make sense? At that point, you're not sucking it up. You're sucking it up. You're being a dumb. I had no expenses virtually.

Starting point is 00:30:20 I was making up. Well, guess what you do now? Because I have credit cards and apparently a $70,000. When did you get this? I got the car in 22. May 22. Were you making $100 at that point? Yes, I was.

Starting point is 00:30:30 Okay. Why do we still have it today? I don't have the car. I wrecked it. Why did you just say? So I bought the car. It was $70,000. It was a great car.

Starting point is 00:30:39 And then six months later, I wrecked it. And after that, some of the money spilled over because I also put money into the car because why not? Oh, because it's a bad. choice would be why not yeah anyway so the personal low covers that and that's kind of where it's snowballed and that's right why i am fine let's look at the finances well what we got going on here so what is sapphire in my dude because this is a thick-ass balance this is a chunky little balance some of that's work um that that kicks off um kicks off it doesn't matter you're putting moron than you took off

Starting point is 00:31:14 no no no hold on no i need to interject i'm sorry and i know i've interrupted decently throughout this episode especially because i don't like your voice No, I'm kidding. Kind of. Well, I'm a little job. Whatever. The,

Starting point is 00:31:27 even if it is business expenses, with you keeping a balance on here, you're accruing interest is the business paying for the interest. Okay. Is the business paying for the interest? Then it doesn't fucking matter if it's business or not, because you are losing money on it. Why give your company?

Starting point is 00:31:40 Why cost money for your company? So the company thing kicks off. The reason why I say that is because I'm reimbursed in a week or so. And that balance is the money put on it from where it goes away. $1302. $1 month of interest. $132.

Starting point is 00:31:56 $132. Okay. I will say I've debated doing a loan for this type of stuff because... Well, that's the problem. One way or another. Right now, how much do I have on my card on there?

Starting point is 00:32:08 Also, it did increase. Well, what's it at then? Maybe seven right now? 6,300 or 7,000? Well, it's 64 on here. So you're saying it's seven? Yeah, I spent... Let's go ahead.

Starting point is 00:32:20 to $6,429, because that's what's on here. Okay, in the minimum payment, I mean, this is the crazy part because your income is really bad. Well, I don't do monthly minimum payments. I pay a lot of the times it'll be from work, so that'll count as a payment. Well, either way, I'm saying the minimum you would have to pay is $196. I put more than that. Yes, that is reimbursed towards it, but the minimum is still $196.

Starting point is 00:32:44 That does not change. I will always pay more than the minimum. I don't think you understand what I'm saying for fake. It's not an argument. The minimum monthly payment is 196 whether or not you put more towards it. Yes, I understand that. Yeah. You figured it out.

Starting point is 00:32:56 But I'll put more. Go on. Oh, do you? Never heard it. Are you sure? Yes. Want to remind me? Okay.

Starting point is 00:33:01 So what? What's the, what's this loan? So part of that started with the car, the crashed car. I put money into it, of course, like it snowballed. All right? So the crash repair? So what you're saying?

Starting point is 00:33:14 No. So it was a, it got paid out. It got totaled. Okay. I bent the frame. And I got reimbursed. for it and then about another car right after that from the dealership. What was the crash?

Starting point is 00:33:24 Me being stupid with my car not being able to control it. And I ran into a pole and then off a four foot ditch. How were you? Fine. Good. Yeah. I got lucky there. But it's a total.

Starting point is 00:33:35 Well, how fast were you going? Not fast. Like maybe 40. Oh, what was the car? Mustang, Mach 1. Okay. With the Whipple supercharger on it. My SaaS car.

Starting point is 00:33:46 Grabber blue. Crabs blue? Grabber blue. It only comes out every four years or so. I bought the eclipse that I currently have right now because it was cheap and it was the same car that I had 10 years ago. No, it's okay. For some reason, I struggle to just listen to this. I don't know why.

Starting point is 00:34:09 Is it me? Is it just me? If it is, that's okay. I'm okay with that. I hope it's just me. Okay, $4,732 of purchases on here. You say a lot of it's work related. Let's find out.

Starting point is 00:34:18 I did go on vacation. Did you? When did you go? Last dollar. August. Went to Banff. BAMF? BAMF. The f is a BAMF? BANF. It's a mountain range. The BAMF? Mountain Range? Yes. I never heard of this in my life. My brother and I go on vacation every year, once a year.

Starting point is 00:34:36 That sounds like something smart, someone who can't afford to live and has negative money in the checking account. And someone that's overworked at all times and he needs to go do stuff. Oh, little guy has a little bit of a job at 25. I'm not going to five. 25. Oh, no. He's not going to make it. He's not going to make it. It's He's going to make it. He's making a little sacrifice at 25. Big guy, tough life. Well, I'm going to be in college for three, four years. You're going to be a negative checking account right for fucking now, so I don't give a shit.

Starting point is 00:35:04 Maybe you need to work harder, actually. I try. It's one week. I'm gone for one week. You need to work smarter than anything. Pay time off. Because you are working hard, but you're putting too much time into things. And you've said that specifically.

Starting point is 00:35:19 I think you need to work smarter. Okay. What is it? B.A. N. F. N is a Nancy. Double F. In Alberta. In the Burt zone?

Starting point is 00:35:28 Great place. Wait, wait, you're talking about August. Why don't you about that? We're talking about this card right now. But that's carried. I'm sure that some of it's carried. Okay, what is Sunroof Express? Sorry, say it again? Sunroof Express.

Starting point is 00:35:40 I paid for a customer's vehicle to get their sunroof and you get that paid back. Yes. It should have been reflected on there. That same amount should have been put in towards the money. I mean, maybe. depending. I mean, yes, there was money that was put towards it. So if you want to count that for us that. And then we went out to eat at Rudy's and we got Venet Machine, Venet Machine, Venet Machine, pizza. So there's still bull-thunding on a car that is not being paid off. That interest is accruing that you have lost. First of all, yeah, you got your fees. But then you

Starting point is 00:36:11 have the 283,000 of interest, so far. Then what's 4 WP? Is that another thing for real parts? That's for work. What's on there right now is pulling from a while ago, mainly August. That number is stated roughly the same. I haven't put a whole lot onto that card recently, besides, of course, some stuff, some sodas and pizzas and whatever. But no, you're going and getting a vending machine like every second of your life. And Rudy's and pizza.

Starting point is 00:36:37 What do you mean? I'm saying besides that, there's nothing big on it recently. Yeah, a lot of small purchases add up to big. Yeah. What do you want? I mean, yeah, that'll, it's just, like, so does not one. big purchase, it's okay.

Starting point is 00:36:52 So if it's broken down into a small ones? It's better than putting $1,000 on it every month. It's just a hundred. I mean, I know it's not great, but it's just simple stuff. All I know is that it is a card that you are not paying off that is accruing interest, hundreds of dollars a year. Like, that's what I care about is the math in the end and you are preventing yourself and pay it off.

Starting point is 00:37:10 But at this point. You need to pay it. Why haven't you then? Because I can't. I have too much going out right now. Like $750 going out to eat. Yes. So what the fuck you can't.

Starting point is 00:37:19 You can't. You can't bullshit. You can't. Okay, 500 towards my loan. A few hundred towards this because that's a hundred. We'll find out. All I know is $750 going to fast food. That's what I do know.

Starting point is 00:37:30 And that's a reality. That is a fact. And I have to pay gas to go to work. Okay, cool. So we're complaining about all our expenses. When, then why is $750 going out to eat? Like I said earlier,

Starting point is 00:37:40 it's easy. It's what I do. Well, it's obviously not because this isn't working off and you're paying down, you're not paying down debt. So this isn't easy for you. It's easy for your life.

Starting point is 00:37:48 It's easy for that little moment of time. but it's not making your life easy. Not in any way whatsoever, not your actual life. Not the longevity of your life. It's something I can prove on, sure. By a substantial amount. Potato potato. No.

Starting point is 00:38:05 It does need to go down that much I'm aware of. But in the meantime, with school, with work, with everything, it's something that will happen. But if I can work on it with meal prepping and just kind of figuring out how to cook myself and that'll be better. I'm not saying it's going to go away. But yes, it will happen.

Starting point is 00:38:24 It will get better. That is one thing I plan to get better. I see. Well, at the end, I have to. Because, I mean, yes,

Starting point is 00:38:29 that's a parasite. 7.50 a month is not going to work long term. Okay. So this so-fi thing, is this a personal loan you're talking about? It should be around 13.5 right now. Yeah, I'm seeing 13-8-5-2,

Starting point is 00:38:42 which is what we're going to put down. That's fine. Because the other one we did a little less. Again, it's reflected, whatever's in the statement. Okay. And then I had to pay for tuition.

Starting point is 00:38:51 So I showed up. That might be on that statement. I can't remember there. No, you're not using a self-a-person loan for tuition. Not the personal loan. No, that was a credit card, but it will be paid off with... What the what the f-the-f what you're talking about, guy? What do you mean tuition then?

Starting point is 00:39:04 What are you saying? I had to pay tuition last week. But you're saying you're not putting on this? I put it on the card. I'm talking about the SO-5 personal loan. Okay. What are you talking about? You're everywhere.

Starting point is 00:39:16 Why aren't you talking about the thing we're literally talking about in the moment? Let's do that then. So we're on the personal. Yeah, let's do that. What any normal human... Oh, yeah, dude, you don't... Like, don't lose me. When it comes to finances, you already know I'm a big fan of planning ahead,

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Starting point is 00:41:16 That is meetfabric.com slash Caleb, M-E-E-E-T-V. Fabric.com slash Caleb. Check out Fabric today. Like, how do we put this all together? If you're, it's a 15% interest. So again, the personal loan. Again, your stories have been one difficult to listen to. So maybe that's my fault. But a little more all over the place as well with just the things you're talking about.

Starting point is 00:41:37 Now I don't know what's attached to what. What was the personal loan for? It started with the car and excess money from the other cars. Okay. So it's all car. Primarily. And there's some snowball in there, I'm sure. But primarily it's the cars.

Starting point is 00:41:51 So your personal car that you have now is on here, too. Correct. Okay. It is relatively cheap, and it's not quite a car payment, but I know the interest on it is high. And that is one thing I want to pay off. That's why I've always paid more than the amount of payment. That's pretty low.

Starting point is 00:42:10 And I do pay more than the minimum towards the loan, so I'm not eating as much interest as I would otherwise. I don't know. We're going to have to math this out in the end. Because, again, you're saying you're putting more towards the loan. But again, even when subtracting what you're, you put towards work, even subtracting what you, uh, the other people's rent, you still spend like $1,500 more than came in. So this doesn't make sense. What you were saying makes no sense.

Starting point is 00:42:31 This is not adding up, dude. This is not adding up. And you're not a reliable narrator here. So again, yeah, yes, you put, well, okay, so you put a little more towards a yes. And 13,8,000 is what owed on it. But that's the 14.68% interest rate. Again, even if I, like, open up my brokerage, Mumu, and I'm like, okay, let me in, I'm getting 10% on average with the S&P 500. You're getting obliterated on here. That is a horrible person on. That is something that needs to be paid off, but I am paying it off.

Starting point is 00:43:02 I've been paying it off. But it's there. I can't just drop 13.5 on and I have 13.5. No, I'm not saying that. I'm not saying that necessarily. But again, would we put $750 towards fast food when that could go towards this? Yeah. You must understand what I'm nagging about.

Starting point is 00:43:20 Yes, but I'm just saying that that money is going to be. going out for a while. That's just how it is. And yes, I need to get the fast food money. I'm confused. What do you mean? Go quicker. Why not choose quicker when you obviously have that choice?

Starting point is 00:43:34 Quicker in what aspect? Instead of the money going to McDonald's. I've only said that like five times. So I'm a little confused how you had to ask for me to say this the sixth time. I'm trying to spend less for fast food. Okay. You're not. You're not.

Starting point is 00:43:48 You're saying. Try. It is a future. This I'm trying to get better. You're not. No, no, no. you're not trying you're saying you will try sure i'm trying i'm asking why you haven't if you obviously care about this i made my own food this week i'll say that much i'm trying to get better at

Starting point is 00:44:04 that i'm not saying i'm going to not eat out at all because it's a habit but i am trying to improve on that but it's i'm not going to just learn how to cook every single thing right away no meal prep will help but i still have to learn and so that means i'll still be eating out some but not as much i won't 700's crazy. I know that much. Yes, that's what I'm saying. It sounds like all of a sudden you're agreeing with me. Listen, I'm not saying that.

Starting point is 00:44:30 You're saying you're trying, you're not. You might try a little. I mean, listen, you started this week. It's Monday. Come on. Like, come on. What are we doing? Or is Tuesday.

Starting point is 00:44:38 I'm trying. I am trying. You will try, potentially, and I hope you do. Am and will continue to try. I am reducing that number. But a couple days does not count. You don't go from zero to 100. It's obviously...

Starting point is 00:44:55 Yes, but I'm not going over here and shaking your head and giving you an award for it. I understand. But I'm trying. That's something. What matters is whether or not that's sustained? That's all that matters. These federal student loans unsubsidized. One sub sub substitized and one subsidized.

Starting point is 00:45:10 So it's just these two. The two student loans, yes. We're nearing that 7% interest rate on these. Better than 15. Yes, it's better than 15. Congratulations. Do you need validation on? that too? Like, it doesn't mean it's good.

Starting point is 00:45:34 At this rate, it's one form of debt or another. It's like it has to be good or something. It's like you're obsessed with that. A little bit. But that doesn't mean it is. Okay, well, the debt had to be accrued. I have to pay for college. That's how it is. Well, maybe. I don't know your entire financial situation. Again, I'll bring it out for the seventh time. Maybe you didn't have to take out as much if 750 didn't go to fast food. So don't say that I had to. Well, I didn't have the cash to pay for it. So I got the loans to pay for it. Yes. Now, why did you not have the cash?

Starting point is 00:46:00 Because I have a parasitic draw on my account with the fast food. So don't say you couldn't. At the time, I could not happen. Yeah, based on your actions, but not mathematically. Mathematically, sure. That's all that matters. It's... Why do I give a shit about the other way?

Starting point is 00:46:18 I'm not sitting here and saying you were correct for the going out to eat. So why would I support that? I'm not saying you have to support. I'm just saying that's part of the reason why I have. But if you don't acknowledge that that's completely within your control, then you're never going to change that. for the future. At that time, I paid for it how I could.

Starting point is 00:46:35 And I planned to pay off the student loan. But one of them does not accrue interest until I'm out of college. The other one has a 6% rate. It's better than the 15. It's 6.5. 5. Better than 15. And it's better than whenever I'm getting on my credit card.

Starting point is 00:46:49 Okay. So because something's bad, but better than something else that's worse, it's okay. I don't get that. I'll never understand that. It's not okay. But why are you talking about it like that? It wasn't necessary. It wasn't necessary.

Starting point is 00:46:59 I've got to pay for it somehow and I don't have the cash to pay for it. It didn't have to be this big. Oh my gosh. Do you not understand? Where are we disconnected in this? Where are we disconnected in this? I'm so confused. What you are saying is literal fact, but you're almost saying it by saying that it's okay.

Starting point is 00:47:16 I need you to realize it is not okay. Yes, it is fact. It is not okay. I'm not saying it's okay. Then why are you saying it? Because it's sometimes a necessary evil. It doesn't mean it's right. But it wasn't a necessary evil.

Starting point is 00:47:27 It wasn't a necessary evil. at the time it was no it was not it happened because of your behavior it was not necessary so do not i cannot allow you to think that because if you think that your future is going to be because you allow that to be necessary in the future i paid for it i've got to pay it off now that's how it is well yes no congratulations what oh okay obviously i've made bad decisions with my finances but the only thing i can do now is make better decisions and pay off my debt right now that's where i'm stuck. Well, I know. I'm not disagreeing to that. Every time you are pushed back on an opinion, you just come out and you just say like a fact that it's supposed to make you like sound good.

Starting point is 00:48:05 Like, yes, congratulations. I'm glad you have that mindset. But I can't have you have the mindset of past was okay and was a justifiable reason. It wasn't. It happened. Period. I understand. It's not necessarily justifiable. But it happened. No shit. If I focus on the past and why I made all the bad decisions. I'm just going to make things worse. No. But if I acknowledge what I did and that it happened and how I have to correct it. You just said if I think about the past and why I did what I did, that'll be bad. No.

Starting point is 00:48:35 If you don't think about why you did being bad, then you'll just do it again. I'm sorry. I didn't mean it. It's the row of the boat mantra. PJ Fleck, row the boat. The reason you're rowing the boat to the future but you're still looking back and so you're learning from the mistakes in the past so that your future is better. I'm not saying focus on the back and, like, oh, no, oh, me, oh, better me.

Starting point is 00:48:56 But if I get stuck on the fact that I did it and getting mad at myself for the fact that I did it, then... I'm not suggesting that. I know. I'm not suggesting. I'm trying to correct you your mindset on it because you were trying to say it was a justifiable reason. It wasn't. I'm not saying go and beat yourself up. Don't put words in my mouth or assumptions, dude.

Starting point is 00:49:12 I think I'm being very clear in what I'm trying to communicate. I need to build better habits. You're doing it again. You're doing it again. You are pushing off in a... a reasonable point by saying, I need to do better. No shit. You just define the entire conversation.

Starting point is 00:49:28 That's an unnecessary statement. I know that. We all know that. That is what everybody knows. Okay, then let me, help me fix it. Show me how to fix this because I don't know at this point. But the first step of fixing that is not defending that it was a necessary evil because it wasn't a necessary evil. Fine.

Starting point is 00:49:44 All of my actions so far have been awful and I need to build on that. Do you actually believe that? Kind of. I know I've been making stupid decisions. The car shouldn't have been bought. I shouldn't have done half the shit. I don't like your responses, man. That's different.

Starting point is 00:49:58 I feel like there could be a more mature way to look at this. That's possibly true. But that's who I am. I am who I am. I make the decisions because of who I am. And now I need to deal with my actions because of who I am. You just did it again. Okay.

Starting point is 00:50:13 Let's just keep on going, then. Is that how you talk? Yeah. It's like, do you use it as like a get out of jail free card for everything you do. Not like intentionally trying to beat your dick. It's just like that, like the statement like that is like, yeah, it's a good announcement.

Starting point is 00:50:29 But again, you weren't willing to actually, I'm not going to beat it over that. I'm not going to beat it over that. Okay, this apple card. What's up with this card? That card is used for random purchases that just pop up. Like I budget my money to I have a certain amount set to spend for bills and a certain amount to spend on food and whatever. I don't know about bills.

Starting point is 00:50:50 I see Dick Sporting guns. I see SOTA stream. I see Uber eats, I see Uber eats, I see some golf thing. I see Mod Pizza, Chick-fil-A, Rudy's. Bills, what bills are we talking about? I see golf. I see going and getting some bullshit. I see smart drinks and mod pizza.

Starting point is 00:51:06 I also see Panda Express and Panda Express and Smart drinks in an Apple Bill and a Panda Express and Netflix and Spotify. Interesting. That's for excess. Oh, access. Because we have so much access. I don't budget. enough. You don't budget. Do you budget?

Starting point is 00:51:25 So I budget, but I don't. If you budget, how did you spend? More than I'm budgeting. That's where my problem lies. Well, I paid off the card. Yes, but you're still spending on it. I mean you'll mean anytime I'm good. Listen, I feel like you're taking this a different way. Again, I'm not saying you are bad for paying off the card. Good. You have to continue to pay off the card. But in order to pay off continuing the card that you're purchasing on, that means you're still spending the money by paying off the card of all the swipes you're doing.

Starting point is 00:51:50 So you're still more money. It's still more money than you have to spend. Well, most of those purchases are food. And I intend to get rid of those, which means that there won't be any balance on that card. I won't be spending money on. I'll try not to spend money on fast food as much as I did. And I'll try and eliminate it because one, it's not good for my health. Two, it's not good for my money.

Starting point is 00:52:13 Your actions are this. I can't just allow you to say, I will not do that. You are doing that. If it was different and you weren't doing it on this card, I would believe you and I'd be okay with it. Two days of doing something just because you're going to come on the show does not count. Listen, dude, you are doing this. So you telling me you're not going to means nothing because this is what you have been doing.

Starting point is 00:52:36 It's just, like I said, excess from not budging enough. So your budgeting is confusing. You say you budget, but you don't do the actual active budget. I feel like you made a spreadsheet once. More or less. Like, you're not budgeting if you spend $1,500 money than you make it a monthly basis. I'm sure that number is partially incorrect. I don't spend more than what I make.

Starting point is 00:52:54 I don't go, oh, okay, I do. But not that much. Well, I mean, the numbers are the numbers or the numbers. Like, we had it. It was the spreadsheet literally. It's like your math. It's your numbers. Part of it is also just from making, when I made 100K,

Starting point is 00:53:13 that's when I, that's my lifestyle that I had. I got used to that. So now you're just completely missing the point you had before. more or less. So you lied? Not necessarily. The fuck are you doing, guy? I feel like every time,

Starting point is 00:53:27 every time something comes out of your mouth, you're just trying to sound good. You're just trying to sound good, but then it's incorrect, and I have to call you on it. But it's hard for me to always call you out on things, especially when you say something that is like, something kind of good where it's like,

Starting point is 00:53:39 yeah, I need to change that. Like, yes, that is actually kind of what I want you to say, but I know based on everything, you're just saying what sounds good. You're just saying what makes you look good, but that's not actually addressing your root causes. and I would rather you join the average guess that pays off, you know, $10,500 in 11 months or the median $10,000 and $10,000. I'd rather you do that.

Starting point is 00:53:57 But the people who do that, they acknowledge their issues. They acknowledge where their flaws are and they actually accept the change if they shouldn't have done that instead of justifying the past. And instead of just trying to say things that make them look good. They actually work and actually put the improvements in instead of being all talk, but you're just being a little talk guy. It's like you're in circles. Like, why did you just say that thing that was objectively untrue? and then you completely diminish it immediately and said something completely different. I don't understand it.

Starting point is 00:54:23 I really don't because how is that productive? It's not very. That's obviously where I need to fix things. And I know you, I know. But I can't not acknowledge it. No, you can't, but you just say the thing that makes you look good.

Starting point is 00:54:36 It's just like, I'm not trying to make myself look good, but that's the point of that. You do the lie. You get called down. You're like, oh, I'm right.

Starting point is 00:54:42 Move on. Like, what are we doing? I don't like confrontation. I don't like disagreeing with people. Interesting show to sign up for. Fair enough. But it's, I mean, something had to change, obviously.

Starting point is 00:54:57 What will actually be different at this time? Not the I'm going to do it. What is actually different in your life going forward from here? Not the I'm going to do it. I don't want to hear any more than that. What is actually different? I mean, so far, not a whole lot because... Why would it be different?

Starting point is 00:55:13 Can you give me a why? In my life, things would be different by spending less money. Not buy. I'm asking the why. Because there is no action without the why. Give me the why. Why would things be different? Why to change? Yes. Because obviously I'm accruing more debt than I can take care of and I want. Why does that matter? There has to be a why man. You're not giving a good why, which gives me no encouragement of getting out of this. Well, I don't want to be in debt my whole life. I want to buy a car that I like. Okay. So I have a car and it's nice. It's okay. So that's one of our big goals is a car. So a lot of...

Starting point is 00:55:49 And I want to move. I want to get out of Texas. I want to move up north, somewhere nice, but I can't... Here we go. I don't want to keep renting. I can't keep on renting because that's just throwing my money away. Kind of. It's not as good as buying a home and being able to put money towards my equity.

Starting point is 00:56:04 Depends on the situation. Right now, mathematically, renting makes more sense, especially in Austin. Okay. I'll concede to that. But at the same point, I do need to get out of here. Okay. There's a decent why. To move and to get the car you want.

Starting point is 00:56:17 Um, okay, okay, I can work with that. Okay, a why is not because I'm going to change. That's not a why. You need you to focus on these things. I want you to set the goal. Then I need you to really think, what does it take? What boxes do we have to check off to get there? And really start hitting to those because if you are just aimless in this or you're just trying to get out of confrontation,

Starting point is 00:56:39 you're just trying to do what makes you look good or say what makes you look good, you're not going to actually get to the end why that you're trying to get to. Okay. Yeah. Okay. I mean, a few other resources we can get you connected with that we've partnered with. We'll get you on the FIS card. It's a debit card that builds credit.

Starting point is 00:56:53 So you're not actually overspending once in your account because there's literally negative in your account. Again, sit down with the therapist. Maybe a tech certification through course careers. As you're getting in that field, it'll just give you that extra boost. So we can get you a free one of those. You have to go through the education, obviously. But, okay. Yeah.

Starting point is 00:57:11 All right, Amazon. We get an Amazon card. Okay, so what's going on with this? Because he didn't fully paid off even though you're relatively, close and then you just put the balance right back on. Like, what was the point? We were at 298. Then you paid $150. Like, actually, good job.

Starting point is 00:57:23 Then you put $123 on it and then you allowed it to create interest. So like, what are we doing here? It's kind of indicative of your behavior and how you have just gone throughout this entire process of financial silliness. Some of the money from the Amazon card has been for purchases for Christmas, for presents. And then some of it was pants and... Yeah, but why on here was my question? Like even the spending, what I have recommended it, not necessarily.

Starting point is 00:57:53 But regardless, why did you put it on here? A card that is not being fully paid off, but was close. You were so close. And now it's accruing interest. It has the points on it. And then also I can't put on the debit card at the time. Okay, then we can't afford it. Then it simply becomes those Christmas presents are not unnecessary.

Starting point is 00:58:12 Okay, that's a little different. But like, okay, tell me about the pants situation. Well, I only have. what, three pairs right now? Oh, good, then you got three pairs. But I don't do laundry every, I'm not going to do every, like, two times a week. Sounds like maybe you should do laundry two times a week. We audit finances all the time on the show, but when's the last time you did a little life audit?

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Starting point is 00:59:43 Also, they get dirty because of work. I'm out of car dealership. It's going to get 30. So you're doing laundry three times a week? Or I can just buy one more pair of pants. You didn't have the money to. It was as easy as that. Points, that's not equating anything.

Starting point is 00:59:57 On this Amazon card, I know you're getting 5%. It's a good card. Regardless, if you're getting 5% with the interest that is occurring on this, you're completely losing it. So it doesn't fuck your points. Fuck your points. You're not getting them.

Starting point is 01:00:11 They don't work in the way you're making them work. I don't know this works, dude. It takes eight months to pay off just the minimum monthly payment. And it's only a $204.40. It's like not even crazy. $29 minimum payment. I was going to say, I don't do minimum payments. I know you don't.

Starting point is 01:00:28 Oh, how many times? That's not the point. It doesn't, you know, it doesn't matter, right? I would like to, may I whiteboard this? Perhaps. Perhaps I feel like you might be, maybe it'll help you, understand. Because you're saying that, like, it's a brag.

Starting point is 01:00:43 thing like you're trying to get me over there and give you some sloppy top no sloppy top to you you don't deserve it because i need to show you how this works with your little okay okay i'll turn it around let me think of this here's your income spelled like c-u-m isn't that funny ha ha ha ha ha it's great spelling here's your little payments here's this isn't proportional but here's your minimum okay okay here's your little extra you're putting towards it. Okay? Because you're putting a decent chunk

Starting point is 01:01:41 over here to cover this from your income, right? Right? Because he's a big guy. He pays more than his minimum monthlies. And then you immediately come and spend this much on the credit cards. If you were putting extra cards

Starting point is 01:02:00 in order to do that, you drain down the income and do not have the money in your checking account to pay for things and immediately rack up the credit cards again, it doesn't matter if you put more to the credit card because you build it way bad. Math. You're in the math classes.

Starting point is 01:02:26 You're in the math zone. You're zucking it up, okay? You know how this fucking works. Stop being a dumb little tit. Don't jerk yourself off anymore that you put more towards it. You put more towards this 150? Well done, he did it, but then you put $128 towards like back on it. So it doesn't matter.

Starting point is 01:02:48 Never say again in a conversation with anyone about money that you put more towards it. Because it doesn't matter. You build it all the way back up again every fucking time on every card we've seen. So never say it again. You are not earning a prize with it. Let me see your Amazon account. Thank you. Mothwash, good.

Starting point is 01:03:14 Highly recommend. Good job. Battery packs? Mike, I have a career fair in a few days. I'm going to record the sessions instead of trying to write notes down. There's his pants. Silver chain. Trying to be a cool guy?

Starting point is 01:03:31 No, I'm wearing a cross, but my chain broke. To your protection. You have a warrant to go? Zoom lens? I don't think we're doing a hobby of photography right now. I'm sorry. It is cheap. The cheap doesn't matter.

Starting point is 01:03:41 You don't have the money. Look what you just did. Stop trying to just don't. Stop. Stop. Seriously. A million dollar bill desktop collectible. You are trying to fucking survive.

Starting point is 01:03:53 Shut the fucking present or not. I don't care. National State Parks. Google Images. Listen, you get it when you're out of debt. I want you to get these things that really do. You just don't get her. And I'm glad you got a lunchbox.

Starting point is 01:04:06 That's a fucking step in the right direction. Shampoo and stuff. I'm okay with that. Did you need the headphones? Probably not. Present. Presence. I'm going to look at your subscriptions.

Starting point is 01:04:17 Also. No case, no problem. Yeah, it's heavy. It's paid off. Better be. This is risky. Do you have AppleCare? Yes.

Starting point is 01:04:31 You better be, but you can't afford another subscription regardless. I think for people like you, no offense. You're in debt. You're dying, negative in your checking account, trying to figure out how to pay the bills won't work anymore than he already does. Get a case. Luminosity. golf swing,

Starting point is 01:04:48 multiple applicaires. You pay for weather channel premium. It's $10. You don't have $10. And it's the action. It's not the purchase specifically. Look how many purchases is justifying across the board? Total AV monthly subscription.

Starting point is 01:05:02 So you have a lot of subscriptions. I'd cancel a lot of them. Did you start a screen recording? Not that I'm aware. I said start a screen recording. I didn't hear you. I was looking at it. Oh, sorry, guys.

Starting point is 01:05:14 It wasn't on screen because guys not listening. I can put it on screen It's already done Sorry They're asking if you have weak wrists I don't know for why I may have missed something Weak wrists No me

Starting point is 01:05:29 Because I said the phone was heavier than the current generations maybe You can feel that difference Couldn't lift his phone I couldn't No All right what's going on Okay Negative $9 and 14 cents

Starting point is 01:05:42 You can't justify literally anything you've done this entire conversation, not even the stupid little $10 purchase because it's not behavior at that point. That is just an actual purchase I would call out because you are negative in your checking account. The moment you're negative in your checking account, uh-uh, those don't exist. It is simple as that. No more collectibles, no more dumb-dum, no more stupid, no more stupid. It's stupid. It's stupid. Okay. My thing is, I'm not saying I should. Some things need to go to personal life. I have that much. I agree to that, not until you're overdraft. Once you're overdrafting, it doesn't matter. You're in fire mode. I have not incurred a

Starting point is 01:06:22 overcharge fee and at least a year. Look how close to least a year. I haven't. How about I haven't? Huh? You like that? Jerk me off now. Now I'm saying it for to get like awards. I don't give a shit. You haven't in a year. Good job. You look how close you are. You're going to do it again. It's just a matter of time. You're skating by by this much. this much. I understand that I need to put more money, but how much would I be able to put towards myself? I don't know yet,

Starting point is 01:06:57 but all I'm saying, if you're negative into checking account, zero. Because at that point, you're in emergency mode. Emergency mode. It's not a question at that point. Well, the way I work things currently as I have money coming in weekly and a bill weekly.

Starting point is 01:07:12 So it always gets close to zero because I am getting close to what I've put away. So it's not like I'm... Negative 9.0.14 cents. Is that zero? No. Oh, that's interesting. Shut the fuck up, then.

Starting point is 01:07:24 Canteen, Canteen, Canteen, McDonald's, another Apple. Canteen, Canteen, McDonald's, Rudy's, barbecue, Soda Stream. What the fuck is all this Soda Stream? So to every second of your life, it's $48. I know what it is, but why is it so much? No, but I saw it on the credit cards, too. It's for the CO2. It's 40 bucks a month.

Starting point is 01:07:42 How much Fon C2 are you shoving up your... I do, like, two bottles a month. But when you return... When you return... Oh, there's also drinks. I bought the drinks themselves. Apple Cash on out. Rudy's barbecue. Chick-fil-A. McDonald's. Hat Creek Burger.

Starting point is 01:07:59 Amazon subway. Rudy's barbecue. Canteen. Canteen. In reach. McDonald's, tacos, in reach. You're talking about having a little bit of personal spending? This is once a day. Shut the fuck up. You don't know what you're talking about. Apple bill, double daves.

Starting point is 01:08:14 Rudy's Country Store barbecue. Rudy's Country Store barbecue. Amazon, Microsoft, Double Dave's. Canteen vending, canteen vending, Rudy's barbecue, canteen vending. Hello, bros. Not even that good. Rudy's Country Store barbecue. Rudy's Country Store barbecue.

Starting point is 01:08:32 Apple Cash sent out. Canteen vending, canteen vending, Duchess. Apple Cash sent out. My pizza, Chick-fil-A, Chick-fil-A, Dairy Queen, Rudy's Country Store, Cash App, Double Dave's, Rudy's, Cash App. Cash App, San out. What is all this cash app, dude? Rent. That's how it comes in and goes out.

Starting point is 01:08:52 Cash app? An Apple Cash? What is this Apple Cash? $9? I have no clue. I don't know what a $9 charge on Apple Cash is from a month ago, whatever. I don't know what that is. Yeah, you ended negative, so stop being a dick, you little c-

Starting point is 01:09:08 You ended negative. You should know because, guess what? You wouldn't be negative if you didn't have it. Fuck you. Child. Apple Bill. Stop to the gas station, got some bull's pizza. Stop to the gas station, got some bull's...

Starting point is 01:09:22 Torchies. In reach. Spotify. Guys, I know for a fact that I don't spend more than I may keep negative in this checking house. Shut the fuck out. And other Spotify, you have Spotify on two different things. Spotify here and on a credit card.

Starting point is 01:09:35 You're out of control. You have no idea what the fuck is happening. You are a literal baby. In reach. Chevron. You stopped in and got some bullshit. And an apple bill. Why is there $500 on savings if we're not?

Starting point is 01:09:47 negative in there. I'm so confused. You actually put more in. You put $800, but then you had to take out money. So I saw Dave Ramsey things saying you should put $1,000 in savings. Even though it's not, I can't warrant, I can't justify myself having that money in there when I have the debt. And then recently I had

Starting point is 01:10:03 to do dental work. You know, you'd have the money in there if you weren't Rudy's country store and bank machine every single at this current moment, I needed the money and so I spent the money on dental. No. I'm saying the money that I put in I used for dental work because I had to pay off. How much was the dental work? 800. That's curious. How much you spend going out to eat? 800-ish. Huh. Needed the money. Yeah, maybe we find it from other sources and not an emergency fund.

Starting point is 01:10:28 3,000 in Robin Hood. Okay, so when I see, can I see your Robin Hood? I want to see what you're invested in this time. Well, nothing current. Well, I have a little bit in crypto. 3,000? My friend told me to invest in this thing. Whoa, whoa, whoa, it's 200. That's crypto, yeah. So I made, I made, Shib, Pepe and Doge. Oh, my f***, poor, kid. Oh, fuck.

Starting point is 01:10:56 If they go, okay, my thing with stocks is, if I invest. Let me hear this. Okay, well, we'll start with the money in. So I put like five in towards this one stock that was supposed to go off crazy. It was supposed to. It was scheduled to, guys.

Starting point is 01:11:11 It was scheduled. It was ready. It was like, we clocked it in. Every six months, it went up 100-fold. That's not a schedule. Go on. For the past three years, every six months that had gone up. So I invested.

Starting point is 01:11:23 What about the three years before that? It wasn't available then. Okay. So it's relatively new. So I put the money in and of course it tanked because that's my luck. And then it went. Because you made a stupid investment. And then it went back up and I made my money back and some.

Starting point is 01:11:38 I left a little bit in there for crypto just in case happens to be Bitcoin 2.0 and I get to be a millionaire for free. It's a hundred bucks. I don't care about that. Why did come and go down? from 3,300 to 200. I cashed out and put it towards... So from the stock win?

Starting point is 01:11:55 Yeah, I cashed out that and put it towards one of the cards. So you didn't actually pay off like the card from behavior-based things? You got lucky on a bet. Oh, my... It all makes so much more sense. Of course not. You haven't made any progress, really. You got lucky once.

Starting point is 01:12:10 Oh, you fuck me. Oh, there went my hope. There went my hope. I was like, oh, you paid off the apple. Okay, we can do something here at the end. Fuck me. But the Apple card was separate. I already put the money towards the other stuff.

Starting point is 01:12:23 How much was the Apple card? The last payment I'd have to look, I think it was like $500. I'd hate it off. Because I'd been able to be working. But you spent multi-hundred on there, didn't you? Again, your payoff doesn't matter if the money goes back on. Like that, what about net? Net, $100 maybe?

Starting point is 01:12:42 You keep trying to, like, really get pants on the bag for that. But you don't get them when you put it back. on. Dude kidding me. Remind me you're renting in your portion. 340. And utilities? I don't pay utilities. Internet? I don't pay towards that. What a joke. There's no reason for this, man.

Starting point is 01:13:05 We'll figure out the school costs in a second. Obviously, no minimum fee payments on the student loans. Okay, so 436 for your debt payments. Gas, room, drive, drive monthly basis? 50 a week. So times 4, 200. Is that how it works? Car insurance, how much? 187. $300 for groceries.

Starting point is 01:13:30 Use the cookbook that you get for free when you use our simpler budget app and join premium with all the classes and stuff. It's $300 a month? What? The $300 you're allotting for grocery spending. Yeah. Okay. What you can do, just actually mail prep.

Starting point is 01:13:47 TP fund, 100, anything else you need, that's your toothpaste, it's your dildos, whatever you use. Whatever it gets you there, man. Pet insurance, do you have any pets? No. Okay. Good. I hate pets.

Starting point is 01:13:59 You hate pets? I hate hair. It gets everywhere. No, you look like someone who can eat them. Okay. Yeah, I got a little dumber in you. Medical health care or anything on a monthly basis? Not currently for health care.

Starting point is 01:14:14 I'm on my parents. Yeah, but like prescriptions or anything? Therapy. Prescriptions? Uh, hundred at months. maybe. I haven't had to get any recently, so I don't know. So it will be coming up?

Starting point is 01:14:30 Yes, I do need to get a refill soon. Okay, we'll put a hundred in. It feels a bit high. What is it? Well, I have multiple. I have one for sleeping and one for... Now, if it's multiple, that makes more sense, depending, especially on your parents' plan.

Starting point is 01:14:44 Also, one thing that reminded me of is I had another... Some of the spending on that card was from... a an ensof- What card? We looked at like four cards. Okay. An esophageal on enlargement twice

Starting point is 01:14:59 because I basically choke on every meal I have. Don't do that. And try not to. Okay, do you take something for that? I do now. That's part of that. I'm sorry.

Starting point is 01:15:09 That must be horrible. I eat fries and I would feel like I'm about to choke. Every single time. Is it a mental thing? Is it physical? No, it's physical. I have eocinophils.

Starting point is 01:15:20 There's too many in my throat. So this is the thing that's prescribable. Well, obviously. Yes. Okay. The treatment is enlargement, which kind of takes, kind of doesn't. And then something to combat the autoimmune disorder of the eocinophils. How long have you been taking it?

Starting point is 01:15:35 Six months a year now. Oh, it gets better, man. Is there more they're able to do? Well, there's the enlargement is the surgery, so to speak. And I can do more of those, but it's expensive. Oh, so you've done them before? I've done two. And it helps for a bit?

Starting point is 01:15:48 I mean, it's better than what it was. I haven't had it feel like I'm going to die. recently. As long as we're avoiding that, right? Yeah. I feel like that's the big thing. No death. No death.

Starting point is 01:15:57 What's the point of all the work we're about to do? Well, that you're about to do. If I was going to choke on... No choking on... So, yeah, that's some of the medical bills, too, that accrued on my card. Anything else on a monthly basis that needs to be in here? I think that's about it. Cool. Congratulations.

Starting point is 01:16:15 You have leftover money. I'm not surprised. I already told you. You have $536. $87. I'll give you $100 towards fund because you just absolutely need that. You won't sacrifice. I'd rather get you there

Starting point is 01:16:29 even if it takes a little longer. Though, you know, the intent, you could really show the intent by going all in. But whatever, it is what it is. What's your, I know it's going to change once you transfer it a full time to UT or A&M, but what's your tuition right now? I paid $1,500 for

Starting point is 01:16:46 everything. You could have cash flowed that. Fuck you could have cashed flow of that Now what you said earlier Sorry, $2,300 I had paid $600. You could have been pretty damn close Especially since you work more during breaks

Starting point is 01:17:01 Because you only do fall in spring, right? Yeah, well, I'll do summer as well, hopefully. Oh, that's a little less, right? Yeah, okay. I think you could have cash flowed. It would have been close. You may have had to borrow a little But I think you would have got really close

Starting point is 01:17:13 So what you said earlier, incorrect, man. But now we're in a situation where I'd rather you borrow those loans and have this extra money go towards paying off things like the Sapphire, the SoFi or the Amazon. Amazon, obviously, we take care of in a month. It's not even a question. Okay, but the so-fi that, let's take care of the Sapphire next.

Starting point is 01:17:31 No, it's just minimum payment's on all this and everything else towards what we're focusing on. And we do the Amazon first. Sapphire we kill in about, I'd say about a year, which is okay. You're in school. Oh, yeah, you got yourself in the hole, man. Work more. I know you can. And if you bring in a couple hundred extra bucks, you can get that.

Starting point is 01:17:50 down to, you know, like seven months or so. Like, you can make this go quicker. And at that point, with what's left over, I'm going to say the SOFA is probably going to be about a year and a half after that. But two and a half years while still in school, that's actually not horrendous to get out of the mess. And then you got to focus on paying down the student loans, already financing them to a lower rate if you can afterwards, but you lose some of the protections with that.

Starting point is 01:18:10 We'll talk about it then. But either way, they're not at a great rate. But I'd rather you borrow at that rate and pay off the bad loans. One thing with UT is saving grace is it's free if I get in. Well, there you got. I have to get in, but it would be free. Please do. Work your ass off.

Starting point is 01:18:24 And you already are. We've allotted the hours to it. If you can work an extra five hours a week, man. Seriously? And like, what is it? 25 is what you make an hour? 20? 25.

Starting point is 01:18:35 That's an extra 500 bucks a month. So let's just say like 350. Yeah, you're almost be doubling what goes towards. Instead of two and a half years, like I think you could bring this down to like a year and a quarter, man. Come on a year and a quarter. you save up a fully funded emergency fund by the time you graduate college you're off to the races you have an incredible life it just takes a little bit of sacrifice now and i'm even giving you a hundred of fun don't f*** this up don't be so defensive don't look for the pads on the back don't try to get

Starting point is 01:19:03 out of negative confrontations time to have that confrontation with yourself internally and actually work on this shit get to the goal you want to get to the things you named are okay like a nice car shirt whatever if that's what you want fine you know we got to get to some things before that like some investment goals and stuff sure but you know the house and moving, I'm good with all that. Let's do that. And this is the first path towards there. So please follow this.

Starting point is 01:19:27 Please take the classes, the budgeting class, the debt class, the investing class. Please use the resources that we give you. Please use the simpler budget app. Come on, man. We are giving you everything, everything in our power to make sure you can get there. Be like the average guest. Be like the median guest. You can do it.

Starting point is 01:19:45 Spending in a budget. You ever spends. You're out of 10. Debt? Not to the worst. of the worst of the worst in terms of the numbers. Not fantastic either, but two out of ten because it is still bad. High interest, even your student loans subsidize even.

Starting point is 01:19:58 Bad interest. Emergency fund. I'll give you a one and be generous because you're not even a tenth of the way to a fully funded emergency fund. Retirement. I'll give you one to be beyond generous with the doge. I have invested in a 401k. Oh, how much you have? I have 32 and 1, 3,200 and a raw.

Starting point is 01:20:20 and 900 and a traditional 401. That's another thing I don't know. Let me do some math. Oh, sorry, go ahead. I was going to say I don't know how much I should put towards that because I know with... Right now, nothing.

Starting point is 01:20:34 Well, do you get a match? No. Then nothing right now. Nothing right now. Nothing right now until you get to what we defined and then out of all that debt, really, because it's all bad debt

Starting point is 01:20:44 in terms of interest rate and then a fully fun of a mercy phone. So you had how much in your term again? exactly? It would be approximately 4,100. 4,100? Combined.

Starting point is 01:20:58 We need you to be to a minimum if you're at the same income level of 30, 26,000. So, I'm going to give you a 3 out of 10 retirement-wise. Real estate's 0.10 for now, but if we get to those goals, you'll get there. You'll get there. Don't be defensive and petty

Starting point is 01:21:14 on the backy and silly little guy. Round it up, Hammer Financial score 1.5 out of 10. Make sure to join us in the post show, guys. It's an extra 20 minutes every episode plus a call-in show and a lot of other things live streams. Join Elite for the best value. Make sure you check out our education. It's all bundled together for 15% off and our new simpler budget app.

Starting point is 01:21:32 There's so much out there. It's all great. We'll see you in the next one. Once a year we go on vacation, me, my brother. Oh, good, fuck me. What the fuck? There's a trip that you don't know about. Where you going this year?

Starting point is 01:21:45 Austria. Austria? You think you're going to Austria? You think there's even a chance for you to go to Austria? You don't get Austrian Alps at all. Remember the strategy we just talked about that didn't pay for the vacation? PTO. What?

Starting point is 01:21:57 Oh, for f***. To watch the financial audit post show, click the join button below.

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