Financial Audit - Privileged Sugar-Baby Is A Vile Leech | Financial Audit

Starting point is 00:00:00 To watch episodes of Financial Audit a week earlier, check us out on YouTube. You don't even know. You didn't even know how much debt you have. I know I have an eviction on my name. Is that not on there? You are an adult with a child. You're saying he pays the entire rent. Yeah.

Starting point is 00:00:13 It's like $1,100 bucks. That's huge. Yeah, but I don't pay it. Exactly. Does he know your entire financial situation? Not necessarily. That's stupid. You have a child.

Starting point is 00:00:24 That is selfish. That is disgusting. Financial Audit Live in Austin, Texas on February 22nd. Go to Calebhammer.com slash live or check out the link in the description below. Hi, I'm Amber. I'm 25. I'm based at a Sulphur Springs, Texas, and this is Financial Audit. Thanks for coming over to Austin.

Starting point is 00:00:42 Happy to have you here. What do you do? And Solfer Spring sounds like the most pleasant place to live. Yeah, so super great. I'm a nail tech. I've been doing nails for about two and a half years. Up. Up, up into the camera.

Starting point is 00:00:57 They're not done. Okay. So with my son, yeah, I don't do my nails because I have my son and, um, what? I have my son. So I don't want to like, you know, scratch him. Mom has her nails. What do you mean you have your son? What does that mean?

Starting point is 00:01:14 He's a baby, so I don't want to scratch him changing diapers and changing clothes. How old is this little time? He just turned six months yesterday. Whoa. Okay. Yes. Well, that actually screams interesting. I had notes that I was scanning before this.

Starting point is 00:01:28 There was this note here that she thinks her father's child needs this show more than she does. What the fuck is that even mean? She thinks her father's child needs this show more than she does. Yeah, so I... I'm confused what that means. Her father's child as in... My baby daddy. Whose father's child?

Starting point is 00:01:48 Like, my baby daddy needs this show more than me. Okay, well, that read incorrect. Your child's father? Yeah, my child's father probably needs to show more than me. About him, wait a minute. Are you guys like together? Yeah, so we're engaged.

Starting point is 00:02:04 We've been engaged. We've been engaged for like maybe. Or is he? Uh-huh. Or is he is on the road. He owns his own hot shoting company. I feel like this would have been a pretty good conversation to have as an engaged couple of them. Yeah, I definitely tried my hardest to do that.

Starting point is 00:02:17 He was not having it. He was room driving everywhere. Yeah, got to make that money. Cool. So you guys have a kid together engaged? How long have you guys been together? We've been together a total of like six, almost six years now. We've been engaged for like two years, two and a half.

Starting point is 00:02:33 Okay. So nail tech with a new kid pretty much. I mean, six months basically new, fresh off the assembly line. What are you making? I try to average at least like. Do you average? Do you average? What do you actually average?

Starting point is 00:02:52 I would say I actually average probably like 800 a week. Are you employed? So, no, I'm like an independent, like party, basically. Like I rent a suite out of a salon. Which is fine, 800 a week. Are we saying 50 weeks a year? 52? Every week?

Starting point is 00:03:10 Yeah. Every week. You're working the week of Christmas and everything. I take like Christmas Eve and Christmas Day off. But other than that, I'm looking. Let's just call it 51. Be conservative. 800 a week.

Starting point is 00:03:22 You try to average. So $40,800 a year. Roughly. Okay. About $3,400 a month. Now, of course, that means we're setting about $1,200 aside. Sorry, $1,020 aside for taxes because you're your own business, right? Because you're not employed, correct?

Starting point is 00:03:39 Not correct. No. You are employed. I'm employed by myself, but, like, I mean, I'm supposed to be putting taxes back, but I do not do that. Financial auto bingo, here we go. Okay. So why the possible?

Starting point is 00:03:52 Are you not setting money aside for taxes? I feel like I can just come up with it later on whenever I do my taxes and it needs to be done. I'll just like grab it out of thin air and be like, yeah. So taxes are going to be due here soon. You have enough saved up and savings. No. Okay. Where's thin air?

Starting point is 00:04:10 I don't see that air being very thin around you right now. I'm just hoping and praying they'd like let me do like a payment plan with it. Oh, that's good. Okay. What about last year's taxes? No, not done. My sister is. Wouldn't you have pulled that out of thin air according to your logic?

Starting point is 00:04:22 According to the logic of Amber, thin air Amber. So my sister is a CPA. And so I had talked to her about like how much roughly it would have been for me to do my taxes. And I was told about 3,500, but I'd have to pay in for my like self-employment tax and all that kind of stuff. Just self-employment tax. Or all taxes combined. Self-employment tax alone is what she told me. She did not do like everything

Starting point is 00:04:53 So I could see exactly how much it would be But that alone, like that number alone For this year or last year? For last year Okay, so if you, if it's been that much Why haven't you done that? We have to do that as Mr. Sotomay's fun fact little thing Right, right, right, right.

Starting point is 00:05:08 In this redway and blue area But I was having a baby So I was just like I'll deal with that as it comes Government's kind of soulless. I don't think they care That's also true But at the same time I was like I don't have this now

Starting point is 00:05:19 And you're pregnant at the point, you didn't have the baby. So you're like, when taxes were, last time baby's been here for six months, and you could have been preparing for it the entire way when you're unprignant and getting pregnantified. But I was like, I don't get a paid maternity leave. Like, I have to make my own maternity leave. Yeah, congratulations. You're a business owner.

Starting point is 00:05:35 There are things that come with it. You take the risk, but you get the reward as well. If things go well, so let's not complain about that. Right, not complain. But, I mean, at the time, it just wasn't important to worry about taxes whenever I have a baby coming and I want my time off. I'm a little confused. Why, that means we do not pay taxes.

Starting point is 00:05:53 I just felt like it wasn't important at the moment. Yeah, is it going to be funny to lose your business? What are you talking about? No, it's not. But I definitely. It's going to be funny to pay a massive penalty, like a 10% extra thing in taxes. I don't think that's something we can do if we're not able to pay this year's taxes, let alone last year. I don't think we can accept a penalty.

Starting point is 00:06:11 No, we can't, but it's kind of too far gone at this point. Like, it's too late. I mean, I'm going to get probably penalized. I'm trying to think of why you didn't do it, though. Because. And it wasn't just because I had a kid because that was six months ago. You still had the entire time of 2022 to prepare for the taxes. Or sorry, the year of 2023 to prepare for those taxes.

Starting point is 00:06:32 And you didn't. No, I did not. I felt like I didn't have enough money to put back to worry about those because I was using like all the money that I was making like, but like not even thinking about taxes. I was using all of that money to either like pay for things. What's paid for things? Just like bills, like utilities, things like that, groceries. Like I was coming out like almost negative at the end of the week after all the things that I buy.

Starting point is 00:07:00 Then your lifestyle was too high. You had a place you couldn't afford or your business is an non-functioning business. Right. In the world of mathematics at least. Right. Why is your business? So nail business. I'm not like the most informed on it.

Starting point is 00:07:12 I bite my nails. I'm a naughty little guy. Okay. So what does a normal nails business? business bring in? I'm actually the busiest, most booked person in Sulfur Springs. Okay, well, this makes no sense, because that's not a lot of money for the most successful business in the city in that category then.

Starting point is 00:07:30 So that means that category is not a good category for that area. Maybe there's not enough market demand. Maybe you're not charging the right prices. At the time, I was not charging the right prices. Come on. We see the money that's coming in now. At the time is right now. You're still not bringing in enough for what's considered the most successful business in your town

Starting point is 00:07:47 of a certain category. Right. And if you're a mid-level, lower-level, I would say, okay, that makes sense. But if we're talking the entire city and you aren't the most successful. I cut back my hours a ton after I had my son. Okay, cool. We're talking now. Have you still cut back your hours a ton? Yes. So I was working before I had him, I was working like six days a week. Wonderful. So then you had enough money to pay all your bills and be able to pay the taxes then. So that logic starts to fall apart. So like whenever income tax time like came in like this past February, whenever like things had to be paid off. Why didn't you even file, though, why didn't you even file?

Starting point is 00:08:20 Why don't you even file? Why didn't you even file? And say, I cannot pay this and file an extension. You can file extensions. I kept on coming up with excuses to not do it. But that doesn't make any sense. Your extension would have been due a month ago. Like, you would have had a long time to come up the money. Yeah, I really didn't think about it or consider it day to day.

Starting point is 00:08:37 You have a CPA relative. Right. And she does get on my ass about doing my taxes. Then why aren't you being responsible? You have a child. You want to fill this up before they have a chance to start gaining memories. You want them to live in a world where they have no sense of security?

Starting point is 00:08:52 That's not fair to them. Then you have to be taxes. These are basic minimum responsibilities as a business owner. Fun fact. And trust me, it's not fun to cut that check. I cut that check. It hurt. It sucked.

Starting point is 00:09:02 It could have gone to a lot of growth in the business. I mean, yeah. You do it because it is what it is. It's what it is. I mean, it's going to get done eventually. Last year's taxes haven't been paid. And this years are about to have to be paid. Right.

Starting point is 00:09:17 I was hoping having a baby was going to help level out and balance like some of that. Go on. You know, income taxes and people get paid for it. You're talking about a child tax credit. Right. Yeah. So I was hoping like that was going to help me. Maybe a little for years, but with the full, well, I don't know how much you're able to, like,

Starting point is 00:09:34 I'm sure you get supplies and some things in the rent. You can start deducting some things. Maybe some stuff is also a right off. Who knows? But either way, even with the income that is coming in that you're spending out of other things with the child tax credit. tech situation might change next year actually, but we'll see. That'll be curious to see.

Starting point is 00:09:54 Either way, with you having to take care of self-employment and income and, you know, just pretty much every tax that comes with your situation versus just being a W-2 employee, would it have fully covered at your income scale? Potentially. We don't know yet. But you also won't know until you file. And what do you mean? I'm a little confused how having a kid this year would have changed 2023's taxes.

Starting point is 00:10:17 So what does that even entail? I think that I just didn't think it was, I don't want to say it's like, I didn't think it was that big of a deal, but at the time it wasn't. I'm sorry for interrupting. I just, why do you have that thought? Like, where do you think it's not a big deal? What do you think is a big deal then? Because this is a very dangerous thought to have as a business owner. Like my first year, I didn't make a ton of money.

Starting point is 00:10:38 I want to say, like, on paper, I technically showed I made about $20,000. Pause, when was your first year? It was 20. Hold on. We're in 24. So, 2022. Okay. And I was like, well, I didn't make that much money.

Starting point is 00:10:54 So, like, maybe I'll have time next time when the, like, I have to do it again for me to worry about that. Did you pay 2020 taxes? Did I? No. For f*** not. I did not. Oh, for fuck sake. When was the last time you've paid taxes?

Starting point is 00:11:11 So the last time I had, like, a job, which was, um, okay, no, I'm lying. I'm lying. So 2022 was the last year that I like actually worked. I did file income tax 2023 year for 22 because I went to school. But you had this job in 2022 as well? So I was working that part time. Like I was doing that part time. But I was working like that.

Starting point is 00:11:35 Did you file? Did you claim that income? Um, I couldn't technically because I was not licensed. So I couldn't be like. So you were illegal. You were an illegal business. So I was, I was waiting on. Or is this out of your house?

Starting point is 00:11:47 No, no, no. It's like, it is at a shop like at an L. shop. I mean, I mean, it's at a hair salon. How much is that rent? So the rent there is $100 a week. Oh my. We look in different towns. Well, yeah, for sure. If you heard the rent on the place we're looking at moving to, you, I mean, I get like a small room inside the shop. How big? Compared to this room. Probably. I mean, it's definitely like, like a fourth of this, probably. Oh, this is a closet. It's a literal closet. Not necessarily, but yes, it's definitely a. It's definitely a smaller. It's a positive size. Right. It was like a typical like a, it was like a storage room at one

Starting point is 00:12:25 point that they changed it into like my name. That's cheap. Good because that's, I would have been very concerned. So you got about 400 hours a month in rent. Right. Okay. I would have been concerned if it was much higher because really what we're dealing with here, it's like you got everything to be pretty locked down for any kind of margins. Right. So and I'm not, I mean, I think my biggest thing is I just need to make more money, but I also need my kid. That's what everyone says. Everyone thinks they need to make more money. You don't think it has to do with behavior. Why is there a lot of debt in front of me? What's happening? Um, I did get into a lot of credit card debt over the last like year, I would say. Yeah. Okay. Um, that's where majority of my debt is at and what year. Why? So like 2024. Yeah, but why? Um, because if I just didn't have like I was, I got the credit cards to build my credit because it was like in the from. Why was it in the shit? So I had. So I had.

Starting point is 00:13:19 an ex a few years ago that a few years ago you've been with this guy for six years we're talking about before then you're 18 yeah so he helped me build my credit up like he was working with me to build my credit up we were looking at like potentially going to buy home get a vehicle

Starting point is 00:13:35 in my own name and he is a felon so he actually had my social security number that he took and took out loans in my name to pay off parole funds oh for sake did you even know I did not know When did you learn? Hit my credit.

Starting point is 00:13:52 About a year after, because he paid on it for a little bit, and then he just stopped paying on it. Oh, you mean when delinquents hit your credit? Is that what you mean? Yeah, yeah, yeah. Not the credit actually being reported. Yeah, yeah. Because, like, I didn't pay attention to my credit karma at the time because I was like, well, I have a credit card. I make the payments on it.

Starting point is 00:14:11 Like, I'm never like over the limit. I'm never laid on my payments. I was like, it's not a big of a deal until I get like a notification. Someone's so. like it hits your credit. Hold on. Your finances are fucking clear. Yeah. A lot of it is to build credit apparently, even though now we have cards that aren't, you know, you're not able to pay off. So we destroyed ourselves there. But one of the opening

Starting point is 00:14:30 things here in this conversation was, you know, the person that needs it's my fiance. So are you we both need it? Hold on. Are you? Are you with someone with the worst finances than you? Not necessarily. I mean, he doesn't have a lot of credit card debt. And why was the note that you specifically told our producers is that he needs it more than you? Because I feel like he doesn't... Your kind of scores 564 for the price. I want to give you free money right now. I've partnered with different resources

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Starting point is 00:15:38 strategies to use based on that. All of this free money is linked in the resources section of the description below, so don't pass up the free money because I'll punch you. I feel like he doesn't Not necessarily budget the way he's supposed to But he has like two vehicles I don't know I have attempted to in the past

Starting point is 00:15:57 And I just can't stick with it What are you doing? What kind of deflections that? I mean, I think he just has more like Overall dead as far as like vehicles So he's even no Do you know his financial situation? Kind of, yeah Kind of what is kind of yeah

Starting point is 00:16:11 So like I'm not like totally in on everything Like we don't share bank accounts Like I don't look Do you know his entire debt situation? and financial situation. It just... You're engaged and you don't know what he's bringing into this. Does he know your entire financial situation?

Starting point is 00:16:26 Not necessarily. Why are we not talking about this? You want to get into a situation again? I think he's... Mr. Fallon, you want that on repeat? No, I think a lot of it is he's had past, like, relationships that they, they just never, they've just never done that. Has he had past marriages?

Starting point is 00:16:41 Yeah. Oh. He is 33. Okay. Yeah. So it's like a nine-year age gap between us. I don't care eight, but. or eight, yeah.

Starting point is 00:16:49 I don't care about that, but his past marriage obviously didn't work. Looking for a protein shake that tastes as good as it performs? Meet Rockin Protein Max. Packed with 50 grams of fuel, it'll help you keep up when your day won't slow down. And because it's always creamy and never chalky, every sip tastes great. Even better, it's lactose-free and has zero added sugar. It's not every day you find a protein shake you actually want to finish. Catch Rock and Protein and the dairy cooler at a store near you.

Starting point is 00:17:15 Rock and Protein and Jamrock Farms are registered. Trademarks of Shamrock Foods Company. No. And they didn't share finances? I'm assuming no. And finances are one of the leading costs of her divorce in this country. So maybe that was a situation that didn't work. Maybe he should try something a little different if there was a marriage that failed.

Starting point is 00:17:32 So maybe you guys should probably share finances? So I definitely tried to be like I need to be on the same page as you because like some... What does that look like? I usually don't know information as far as like potentially like bill situation until it's like too late for me to try to like rectify. anything like if something is late like I won't know about it until it's almost too far gone for me to like try to potentially help on his end because he feels like he he needs to take care of everything and he doesn't need help is he not able to be a partner so you know what the word partner means so I think that he didn't know what a marriage is so didn't have the best

Starting point is 00:18:09 situation growing up like as far as like what marriage looks like and I think he should probably try to do the opposite that right um and I've tried to talk to to him about that and be like, listen, like, I need to know, like, what is going on. And you're willing to go through with this marriage, because that's what I'm trying to call out here is you're willing to go through with this. It's something that we've, we have been working on. So more recently, he has been letting know a little bit more about this financial situation. I would say within the last, like, maybe like month.

Starting point is 00:18:34 When's the marriage? We have nothing said. How long have you been engaged again? Two and a half years. Oh, wow. That's a long time to work on them. So, I mean, I got, jumped the gun on the kid without knowing. Complete accident.

Starting point is 00:18:48 What your entire situation is like? Complete accident, yeah. Rubber, yes. Should have, yeah. Well, self-assessed. Where do you think your finances are? One, zero being the absolute worst, 10 being the absolute best.

Starting point is 00:19:00 Where do you think your finances are? I would say probably three. It's definitely, I mean, I know I'm not like in a, like a crazy amount of debt as far as like I was like, $21,8,819 a debt for your income is pretty horrible. I don't know what you're talking. You don't even know. You didn't even know how much debt you have.

Starting point is 00:19:16 I know I have an eviction. Oh, my name that was a lot of money. Is that not on there? I know there's a variety of collections. I didn't know that. Oh, yeah. That one of the collections is an eviction. Yeah.

Starting point is 00:19:27 One of the. Okay, so you didn't even know how much that you have. So you're just trying to say that your debt's not that bad and you didn't even know what your debt number was. So I knew like credit card debt wise and like like a loan for some gel polishes I took out was like roughly like six to eight thousand. What the fuck? Yeah. Swear. did not know.

Starting point is 00:19:49 If you want your hammer financial score, it's free. See where you are on the financial scale. Go to that link in the description below. And also come be on the show. Come to Austin. I'll give you a nice little verbal slap. It'll be fun. We'll have a good time.

Starting point is 00:20:01 And you can keep anything private that you want to be kept private. Trust me, she cut something very fun from this conversation. So sorry. But you're allowed to do that. Go to Calebhammer.com slash apply. Okay. So, you. We know what kind of came in.

Starting point is 00:20:14 We had a... Gloss Genius, also known as payroll. $1,000. Venmo win. You clarified this is payroll. I hear a noise of an infant. Oh, gosh, I am so sorry. He does like, he sounds like a dog toy sometimes.

Starting point is 00:20:30 He just like squeaks and screeches. Yeah, it sounded like something dying. Okay, so Venmo N was 731. Zalian in was 678. Now I had a loan deposit gloss genius of 2000. What does that mean? So with my, the app, the gloss genius app, like that's what I use. used for like booking appointments, processing payments, things like that. They do offer like small

Starting point is 00:20:54 business loans. What do you, what do you mean by that? Hold on. What does that? What do you mean? So like, well, first of all, your income is not lining up with what you said comes in. First of all, this is like a thousand, two thousand so far. But what's this loan that? So the loan, like they allow you to take out a small business loan. You keep saying that. But what? Through them. Like, so the gloss genius. But for what? Again, it's more than your income so far. So it was for a gel polish collection. It was more than your income. Yeah.

Starting point is 00:21:25 But I felt like if I had that, I can make more income because now I have more colors of gel polished than like literally anybody in my town. You're already winning the town and you don't make enough to survive. Yeah, but I felt like that would be like a selling point to raise my prices to like offset. What are your prices? So, like, I know it's nothing compared to, like, this area's prices. I couldn't tell you. Right. So, like, a solid color short set, like, barely off the tip is, like, $60.

Starting point is 00:21:59 And then, like, goes up from there. So. How long does that take you? About two hours. Oh, okay. Maybe. So $30 an hour, which that inherently is not the bad thing, but I know we're included rent. We probably have to include utilities.

Starting point is 00:22:12 No, just rent. Yeah. We probably have to include supplies. Yes. Like the gloss collection. Yeah. So what are you actually making more like 20 bucks an hour? And then how many hours are you working?

Starting point is 00:22:24 I honestly don't know how to, I've never broken it down to the point of like. You never once you've been doing this for two years and you haven't tried to figure out the cost of a. Like a set. No. How? How do you know you're even making money? Because again, reminder, you literally borrowed from your payroll thing more than you brought in. And maybe, well, okay.

Starting point is 00:22:41 Well, I guess a little over 2000 came in. A little over 2000 came in. Right. So that doesn't include like cash either. So I don't deposit all my cash. How do we keep track of your cat? Where does your cash go? So I can't even track where your cash is going.

Starting point is 00:22:55 So I hate to, I hate to say it, girl math. It's the money I use first. What are you trying to play bingo? Do you know that triggers everyone in this audience? Do you even know that? Yeah. Then why do you see that? Because it's true.

Starting point is 00:23:08 I try to use up like I use my cash. How much cash? Do you even know? Like monthly, I would say. probably like 700 that's substantial compared to how much actually came in via payroll

Starting point is 00:23:23 in terms of your self-assessed payroll like total over the month yeah and that just vanishes so where tell me girl math where I really don't know like I don't

Starting point is 00:23:35 yeah I don't keep up with that then you can't do it then you're not responsible enough to have cash that means you need to deposit your shit you can track it on a spreadsheet I probably should deposit it yeah Okay. And I just don't.

Starting point is 00:23:49 Why? I just feel like that's just what I use first. Like I try to... On what, though, but you don't know on what? I don't really even know what. Because I'm like, I'm not a huge, like, eat out kind of person. I do use it a lot for groceries, honestly. The cash for groceries. Sometimes, yeah. $700 a month of groceries? Uh, about $200 a week in groceries. I cook everything at home. It's pretty close. I usually, like, I make breakfast. No, I make breakfast. No, I don't, a meal prep like i'm a crock pot girl so like you got a crock pot meal prep he i mean kind of i do like so i do like one crock pot meal we'll do like two days like feed us for two days then i think we could cut those cost low especially since the kid is the kid on here's the kid on power yeah he's on all teep yeah free free 99 actually yeah so i think you're and i think but like also i do

Starting point is 00:24:41 and then the the the dude man who's too afraid to be here he's on the road so he's on the road so He's not eating your food. Right. So your food costs are high. You're at home food costs are high. But I also, I mean, I take like a lunch every day. I make breakfast every day. I eat dinner.

Starting point is 00:24:54 Like, I try to do like everything. Like eat every meal. Because with like with like obviously him being on the, like I, I eat at times. We would get you to eat every meal. I'm not saying skip a meal. Who would ever say skip a meal? No one's going to put health over finances or finances over health.

Starting point is 00:25:08 I mean sometimes. Yeah. Like I'll just, I'll eat like only dinner because I'm like. I'm not telling you to do that either way. Yeah. Yeah. Yeah. pushed heavily.

Starting point is 00:25:16 If your cash is going there, plus the grocery budget that we have on here, then you're pushing high. How often is dude in town? He's home for six days out of the whole entire month. So every...

Starting point is 00:25:28 Do you guys even have a relationship? No wonder why you're not communicating our finances. Yeah. What do you guys even do? Kids use your t's more than him. Yeah. That's also very, very true. Not my favorite thing,

Starting point is 00:25:44 but it is what it is. Oh, gosh. You have that much plus straight on you guys. It's hard. It's definitely hard. And like when we first got together, it was not like that. He was at home every day. And then he decided he wanted to do his own business.

Starting point is 00:25:59 And so he's also entrepreneur right now. Yes. What's his business? I was about to move on the credit cards finally. But okay, what's his business? So him and his dad have the, like a hot shot in company. It's a transport. So they haul like everything.

Starting point is 00:26:14 Like, so he. has a like a RAM 3,500, but like a flatbed. Oh, he's a man. He's a detection. Technically he has to have it. It's a whole. He's just, technically it's a CDL driver. Versus his expenses. You don't know his expenses. You don't know. He knows that. You don't even know spending. Yeah, no, I'm not a hundred percent sure.

Starting point is 00:26:32 Do you know what comes in? No, I don't see that. I don't see that. Guess what guys. We're getting married to this person and we're two and a half years engaged and we don't know what he f***ing makes. Yeah. I don't. But again, are we surprised you guys talk for a four, less than a fourth of the month in person. I mean, we try to talk on the phone as much as possible, but like with me being at work all day and like having taken it. How many hours do you work? My schedule, I usually start at like nine.

Starting point is 00:26:58 I work from like nine to seven every day. Well, not every day. Not every day. I'm sorry, I'm sorry. I work nine to seven on Wednesday, Thursday, Friday. And then Saturdays I work from like nine to three. So I'm off Sunday, Monday, Tuesday. So like the days that I do work are the days that I have help with my son,

Starting point is 00:27:19 that I don't have to shell out a ton of cash for like childcare. My stomach is turning and I think I have diarrhea. 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 revolutionize your budget and control your money.

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Starting point is 00:28:33 I see on here there's a balance of $169. And 63 cents. Okay. The most horrendously high credit card as far as comes on the show, but it is pretty much at its time. max. Yeah.

Starting point is 00:28:45 And here we got a little small things. I mean, this isn't a pretty thick stack. You know, we're thick stacking over here. I mean, we got purchases, even though interest is accruing. Is it a ton of interest? No, when you stack up all these documents, yes, it becomes a large amount. But it is basically five bucks of interest. You paid the minimum fee payment because that's all you can afford to pay.

Starting point is 00:29:03 But it doesn't matter because you went and spent four times your minimum fee payment. So why are we spending an undercredit card that we cannot pay off? It is my favorite question. Is it? Oh, come on. You can't ask a price. How are people surprised? They're like, I don't know what...

Starting point is 00:29:15 I spent on this card that I went out and swiped multiple times. I mean, it's probably like a Netflix. It may be like my... You can't have Netflix. If you can't afford to pay the bills. I mean, me and my clients have to have something to watch, like, when I'm doing it. What are they going to watch this? They fight that last two seconds and horrible screen quality?

Starting point is 00:29:32 Okay, I technically did not watch. I'd only watch the main event of that. And I wasn't at work. I wasn't at home. So... Okay. So... Play them.

Starting point is 00:29:44 music, talk to them. Have a little conversations. Hi. How's your day? I mean, I do talk to them, but, you know, sometimes we like to watch things. Oh, your nails. They're so good. Oh, girl.

Starting point is 00:29:55 I mean, yeah, it's fun and all, but like sometimes I have clients to come in that don't want to say anything. Did you see Bethany down the street? She's such a fucking, you know what I'm talking about? We definitely, I mean, those conversations definitely happen for sure, but like. We don't need to be made for Netflix when we got fresh tea for free. Oh, okay. Brewed up hot and fresh.

Starting point is 00:30:13 It's a small town. I know there's teeny tiny. Yeah. Come on. No, you went to Chick-fil-A. Shut up. You went to Walmart. Shut up.

Starting point is 00:30:19 You paid for an Apple subscription. Shut up. And then, yes, there was a Netflix, which is too expensive for you. You really can't afford it. I mean, you really can't. Yeah. You can't. Yeah, no.

Starting point is 00:30:29 Probably, but I love Netflix. I love Netflix. Really? That's like there's nothing on there compared to anything else. I mean, there's a lot. It's all trash. It is, yeah, it is trash. But, I mean, I'm, I need something to watch.

Starting point is 00:30:41 Guess what? You aren't a free platform right now. highly recommend it. Yeah, but this platform has a ton of ads. You do pay for the ad-free version, it looks like, on there. But the ad-free version on here is even cheaper. Is it? I've never even looked at it.

Starting point is 00:30:56 Even still, you just can't... It's a math thing. If you can't afford... I'm not saying don't have subscriptions. People get upset about my little Spotify. You can listen to ads all year and debt. The thing is, it's not about that. It's about that.

Starting point is 00:31:07 Literally, you are not able to afford bills, softing fest. In fact, we know how much money came in. We know how much borrowed. About $3,000 came in. Again, you borrowed. thousand. How much was spent? How much was spent? How much was spent? How much was spent? How much was spent? Um, what's, I'll say 35. Okay, that's interesting. $4,900. So do we have a subscription in that instance, including Spotify? No, because we can't afford to live. Living comes before ads. I don't know if we know this. It's a fun little thing, especially when I have a six-month-year-old.

Starting point is 00:31:39 Six-month-year-old? No. Okay. Yes. Okay. Yeah, maybe I shouldn't watch ad-free Netflix. Maybe my clients could watch an ad or two, I guess. Maybe our clients can just play, get a little, a cheap little Bluetooth speaker in there.

Starting point is 00:31:59 Just play like the rainforest noises. I don't know. What do people like to listen to when they have their nails done? Dude, you've had fees, fees, like crazy. Fees this year, meaning you've had late payments likely on this. Oh. You didn't know. You didn't even know you've had that payments this year?

Starting point is 00:32:14 Okay. There may be like one or two. Yeah, too on here. Okay. Are we going to see that on more cards? No. No? You're confident.

Starting point is 00:32:22 I don't know the answer to that. I'm almost positive. Almost. Yeah. I think the only times that my payments were late was when I realized, I didn't realize I didn't have the money in my account and everything is on autopay. Like all my card payments are on auto pay. So I guess I didn't have a money in a checking account.

Starting point is 00:32:40 Yeah. At the time. You are a mother. You do not. That's not, no, no, no, no, no, no. You are a mother that is not an option because, again, you're spending on here, Chick-fil-A, Netflix. That is a choice. If it was 100% bills, I get it.

Starting point is 00:32:52 You know, things get hard. You're making sure they have food, and they have electricity, and they have a roof over their head in warmth and water. That comes first. It does. But that wasn't for that. That's not what drained your account and made your minimum payment. Again, you're building this balance up. You spent four times what your minimum monthly payment is so that you can have Chick-fil-A.

Starting point is 00:33:13 But it was real good. Oh, shut the fuck up. Little girl-mast cheeky little, you think you're funny or you think it's a little silly thing? Shut up! What? So sorry. No, you're not. Yeah, I mean, no.

Starting point is 00:33:27 I mean, that was like one time at all those... Guess what? One time you can't afford to think. You're... This is Euphoria Calvin Klein, the new Elixir Collection, featuring three perfume intense scents, inspired by a unique orchid accord, paired with vanilla, each with its own distinct attitude. with its own universe. Bold elixir. Sensual. Woody. Addictive. Magnetic elixir. Sweet and romantic,

Starting point is 00:33:49 like a lingering touch. Solar elixir. A radiant expression of joy. Ultra concentrated for amplified impact and lasting power. Find your euphoria. Discover the euphoria elixir collection by Calvin Klein. Bills! Okay. You get a peep! Come on, you can't. That's stupid. You have a child. That is selfish. That is disgusting. I'm not trying to. You are. It doesn't matter if you're trying to. It is the action. It's not a try. Okay.

Starting point is 00:34:17 What? Does this not make sense? No, it doesn't. Do you? I just try my best. You're not. Okay. Trying your best is not doing it.

Starting point is 00:34:26 You are an adult with a child. Okay? You have a child. It is different. If this was just you fucking up your life, that's a little different. I would get less mad about it. And I know I get a little upset easy and I like to make sure you know how much your financial situation is. But guess what?

Starting point is 00:34:40 You have a kid that did not have a choice to come to this world. and you are choosing to make your debt worse when you are their mother that is going to have to take care of them and they're going to have to live with you and have to deal with your financial decisions for their entire childhood. It is not cute, it is not funny

Starting point is 00:34:55 and even one time is f***. I don't think it's a joke. I just didn't take lunch that day, I'm assuming, until I went and got chick flippet. Take lunch. Skip lunch. I don't care. $32 of interest. Come on.

Starting point is 00:35:12 It's not a joke. I'm happy to be all six. silly and fun, but come on. You know, if you got a kid to take care of. Okay. I know, that's right. You're right. I'm sorry, you're right. Is this what it's like to do with you?

Starting point is 00:35:23 No, no. Indigo. Again, it's not a massive balance, which is even more upsetting that it actually exists, but $141.16. Okay, what do we got? Oh, good. We got $3.57 of interest. Well, at least there's no purchases.

Starting point is 00:35:38 Congratulations on that. $40 a minute of the payment. These are going to stack up for you. Already have a feeling. You're not a credit card person. No, I should. I know you want to build credit. So use like a, use the FISCard.

Starting point is 00:35:50 It's one of our partners that all of our guests and a lot of people in the audience use. Use them. debit card. You can't spend more than what's in your account. But it builds credit like a credit card. That's super smart. Yes, there you go. Use that.

Starting point is 00:36:02 Don't, you're not a credit card person. You cannot do this. This card has a monthly fee. Why even have this card? You're not getting any benefit. There's no way you are getting more benefit. Okay, I'm going to be completely real about the credit card situation that I have. So I think credit.

Starting point is 00:36:14 credit karma is a problem for me because like I get on there and I'm like, oh, outstanding approval odds can help build your credit. Yeah, and you're outstanding approval odds or to the bullshit once they have monthly fees, meaning whatever benefit you're getting. I don't, I don't,

Starting point is 00:36:29 okay, I don't only read the whole. Can you read? Yeah, I can. But I don't read like the, yeah, like the annual fee. Like, I usually like skip over that. Wonderful. Have you ever looked at a statement in your life?

Starting point is 00:36:44 after that. Yeah, I didn't in depth look at the statement, but I didn't look at it. I mean, I did. Yeah. It's like one of four sections. Yeah. It's hardly in depth.

Starting point is 00:36:56 I see what the payment is, the minimum payment is or the payment. Like, what's the balance and then like the payment? And then I'm like, all right. That's considered in depth for you. I'm terrified for the finances around your business. Yeah. I usually have everything set up on auto pay. So I don't even look at any of it.

Starting point is 00:37:11 But we know. Shut for a second. We know that doesn't. matter for you though because you don't have enough money in a checking account sometimes and you can't pay it. So it's not just about setting up auto pay. Come on. Closed this card. You're not getting any benefit from this.

Starting point is 00:37:28 It will hurt your credit a little, but closest card. You're not paying a fee to increase credit. We're not doing that. There are some services where it actually makes sense a little. But again, with this, you're not getting any benefit. It's not a credit building service. It's a credit card where you're just paying a bank plus accruing interest. I mean, if it's 12 months in a year, but no, we're 11 months in the, but this isn't even the 11th month statement, 10 months in a year.

Starting point is 00:37:57 It'd be $30 would be your annual fee. Your fees charged on this card alone. This year has been $2. More than the literal, no, that's basically the credit limit on this card. That is insane. That has to be mountains of late fees. Mountains of late fees. and you thought there were no other late fees on any other cards.

Starting point is 00:38:21 You don't know what you're talking about. You don't know what your finances like. You don't know how to look at a statement. You don't know how to look in-depth of things as in a number. So that, I'm trying to think of when that happened. The moment you get home, this is not even an option. The moment you get home, Lindsay's sending them to you. Start going through the debt class.

Starting point is 00:38:42 Start going through the debt class thoroughly. Go through the budget class after that thoroughly. Leave the investing one for a second because I don't want to over- complicate things. Yeah. But start taking those. Too much information in one time. I'd be too much.

Starting point is 00:38:52 Take the quizzes. The fact that you can not read a statement, make sure on-time payments are dealt with and learn how to build a budget and understand what's happening. Go through all the education we have made because you get it for free. And guess what? This is actually what pisses me off because out there they can get it for 15% off. But the people who buy it, over 10,000 people have bought it. They go through this stuff because they buy it.

Starting point is 00:39:14 So because they put money towards it, they're investing in their future. They actually take it. And then we see results from them. But I have guests come on to the follow-up channel who get it for free. And then they don't take it because they get it for free. Take it. Change your life. Sorry.

Starting point is 00:39:31 Listen, I'm a little upset right now because you literally just told me on this last card that that was the only, you were confident that that was the only card that you had missed payments on. That is objectively not true. I knew that the indigo card I had at one point in time gotten behind on it to the point that I couldn't. But I didn't know if it was this year or not. I thought it was last year. I don't even have this card. This card's horrible.

Starting point is 00:39:55 I mean, I'm probably like a, let's see. I'm trying to think. I had that for like maybe two years. How do we function as a society, guys? How, how have we made it to 2024, 2025 almost? Good for us. I'm doing my best. We're surviving.

Starting point is 00:40:11 We're surviving it until I make it. Basically is what's happening. You're never going to make it with your faking it. That's not how this works. You're, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're, I have to actually change. Take control and then you have a chance of making it. You're never going to make it.

Starting point is 00:40:22 Like I'm down to change things. I'm down to change things. Good. I think I just let things get out of hand and then I'm just. Why did you let things get out of hand for so long? If she's not able to answer this, I am terrified for the rest of the life. At one point in time, like financially we got into like kind of a whole. Who's we?

Starting point is 00:40:46 Him? You and him? Yes. You and the guy where you know nothing about his finances. There's nothing about yours. Great. We had kind of got into a hole, like, in between, like, a job shift for him. And so I was stacking a lot of things on my credit cards to try to, like, kind of make up for things that we were lacking.

Starting point is 00:41:03 And then it got to the point that, like, so much money was going to try to, like, pick up the pieces from a hole that I kind of let... Is it before he stuck it in your hole? Yeah, actually. It was. Not too far before. okay so it was only like a year ago yeah about a year and a half ago um he was those are hard times yeah i'm sorry and that's you know we get we get deep we get rough we get scrappy we figure it out and sometimes it puts us in a little hole for a while but you've had a good amount of time to dig out

Starting point is 00:41:36 of there and now we got dual income coming in so i wouldn't say okay so dual income yes and no like i i don't benefit from his income are you going to when married do you know how you guys are going to do it again you guys haven't It's not like a convers- I mean, it's always been separate. Like his stuff is his stuff and my stuff is my stuff. Like some things like for the households like we share. So I pay all the utilities and I buy all the groceries and he pays the rent.

Starting point is 00:42:04 Which, and it's definitely more expensive than utilities. Yeah. So like, that's why. But again, he's there for six days of months. So does that even matter? You're just getting the groceries for you. Yeah. This is a little weird.

Starting point is 00:42:19 But even like, but when, You're saying he pays the entire rent. Yeah. Read is like $1,100 bucks. That's huge. For a two-bedroom, two-bath. For your income, that's huge. Yeah, but I don't pay it.

Starting point is 00:42:33 Exactly. That's what I'm saying. Yeah. No one wants to think about debt, but the cold hard truth is many of us will get deeper in debt during the holidays. Last year, half of American consumers took on debt to pay for the holidays. And this year could be you.

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Starting point is 00:43:28 P-D-S-Det. Dot.com slash AMER. Not fully independent. From each other? No, not from each other. No. If he's got, if his truck gets in a little whoopsie off a cliff. I hope he's got good insurance.

Starting point is 00:43:42 But yeah. Are you on it? No. Then, yay. I mean, I got hope like he's got, like, you know. I'm saying if he dies, which I'm hoping not. But life is life is life and you're not prepared for it and you are in a scary situation. You can't afford to live and your rent's already taken care of.

Starting point is 00:44:00 Correct. Yeah. So what I was trying to say is it's okay to get into a hole for a while. Life happens and we get gritty and we get scrappy. But we learn things out of there and then we do what's necessary to pull ourselves out. Again, nothing's happened on here except for we have late payments this year, which is not when the hole happened, multiple late payments. And we have a card that is going up out of two that we've looked at.

Starting point is 00:44:22 it can't just be about the whole a year and a half ago. Your actions today are horrendous. Well, I think, so the whole kind of put a lot of his finances, like, behind. Why did his finances matter right now? Because I was like trying to... Right now.

Starting point is 00:44:36 Yeah, I was, during the time that that card was late, he was still dealing with, he was still dealing with some of, some like, behind payments on this are few things. It's just like... So you were behind because he was behind? Because I was using my, like, I just didn't have the money. Like, all my money was going towards a things.

Starting point is 00:44:56 To pay a $40 minimum monthly payment. Yeah. Gosh, you cannot be in that kind of life with a kid. You can't be. That's not a choice. It is not a choice. You have a responsibility now. So, like, I felt like I was doing something by at least getting the minimum payments made,

Starting point is 00:45:12 like, when I could. At the time, no. But, like, as of now, I was doing what I could to make sure monthly payments were taken care of, so it didn't get any work. I'm going to set you up with even a little extra thing. Let's so you can run your business a little better. Usually it's more meant for careers, but I'm going to gift you a free course career certification.

Starting point is 00:45:34 Okay. For accounting. So you can accounting your business. Usually it's for people like out there to go get an accounting job. It's great for resumes. We love course careers. But you're going to do it so you can learn how to do accounting for your own business. Okay.

Starting point is 00:45:49 Because you have no idea what you're talking about. Yeah. You're borrowing basically everything you make. Yeah. From small business loans. Right, right, right. Very curious to look at those. Okay.

Starting point is 00:45:59 Oh, another capital one. Platinum. Sorry. What happened? I mean, that one, the other one, the first one is secured. So this is like my step up from that. Oh, wonderful. 3.41.20 with the $25 minimum monthly payment, which, again, these are not crazy

Starting point is 00:46:17 compared to a lot of things on this show, but it doesn't matter because compared to your situation, it is crazy. And guess what? So that. You doubled you. minimum monthly payment. Yeah, right. I was trying to do something. Can I get, can I get a studio? Can I get some cards? But then I probably spent on it.

Starting point is 00:46:30 Wonderful, wonderful, wonderful. And then you spent more than your payment. So it doesn't even matter. Yeah. I usually like swipe a credit card like whenever like I didn't have money going to my account from like the day of work. And then I think, well, the minimum payment. You're paying yourself on a credit card essentially. Technically. Well, kind of. If it's like a Monday or Tuesday, that like obviously I'm not going to work and get paid that day. Oh, of course not. I'll just swap the car.

Starting point is 00:47:05 You can't work on Mondays and Tuesdays? It's just days I don't have help with my son. Why? Who's helping you on the other days? So my mom and my sister will come and sit with him on... They cannot on Monday or Tuesday. No. What are they doing on Monday or Tuesday?

Starting point is 00:47:21 They're not doing on the oldest other days. So my sister's a bartender, so she is off, like random days throughout the week. And also she's in college. She also, the top surfing bartender and all of... sulfur. No, she lives in prosper. That sounds much better than sulfur. She's off on Mondays, but she is about to graduate from college.

Starting point is 00:47:37 So she goes to college on the Monday. If they can't help, they can't help. It is what it is. And we know with how much money comes in, childcare would likely be more expensive. Yeah, I'd be like, I would basically be working to pay for the child care. Can't take the little child?

Starting point is 00:47:51 I can take him, but the amount of like time and attention that he needs. Punch them. No, I get it. It's two days. Listen, it's, but the thing is, okay. He does have a babysitter that he does go to only on Thursdays. She watches a couple of other kids.

Starting point is 00:48:08 How much is that? 40 bucks a day. Do it. Are you kidding me? Mathematically, you make more than $40 a day when you work. No, I know. So on Thursday. Do it on Monday and Tuesday.

Starting point is 00:48:21 She cannot watch him on Monday and Tuesday. Why is everyone all of a sudden doing something different? So on Monday and Tuesdays, she watches. another child that has an issue with like abiding other kids. And so she just wants to be safe. Have you three years to bite back? He doesn't even have any damn teeth. Yes.

Starting point is 00:48:40 We're working on it. They won't get hurt, but they'll get deterred. 9.39 in interest. Okay. Okay. Mini mark. We went to a little mini mark and dollar general. Probably don't do dollar general, by the way.

Starting point is 00:48:51 The cost per like ounce is bad. You get smaller portions so it's cheaper. Dollar general. What do you mean? as then when you went to Dollar General. Oh, that was medicine for my son. He had COVID. From Dollar General?

Starting point is 00:49:05 So he can't have like, he can't have like prescription medication yet. So like, you know. That was the thing in the pharmacist and Dollar General? No, no. Okay. The mini-mart may. $50 in fees this year so far. So you're laid on three cards in a row.

Starting point is 00:49:18 You only said you would be on late on one. Are you kidding me? Oh, I guess I was thinking. Oh, guess what guys? When I thought Capital One, when I thought Capital One, when I thought Capital One, I just meant like like all the capital ones both capital one yeah that doesn't make any sense what what okay yeah yeah sorry and then yeah sorry of course over a hundred dollars in interest this year so far on here master card when when you thought capital one did you think master card as well

Starting point is 00:49:45 no that's okay one main financial brightway get this is 50 things master card one main brightway we'll call it one main uh we still Again, it is small. Again, it is small, which is going to help for cleaning these up. It's ridiculous. $384.2. It is the biggest so far with a minimum payment of $25. Okay. No new purchase is good. Interest, bad.

Starting point is 00:50:11 And only minimum payment made. It takes two years to pay off the way you're doing. You didn't know that. That it would take two years? No. Okay. I just kept hoping and praying a minimum pay. For fuck.

Starting point is 00:50:23 Sake. Fees up the asshole this year. $90. the fees. It's the annual fee. Huh? That's the annual fee. They have an $89 annual fee.

Starting point is 00:50:32 Yeah. I don't. You're 100% starting it is $89. Yeah. Do you know? I can't trust you. You're not a reliable narrator for your money. You don't know your numbers.

Starting point is 00:50:40 Because I did look at that one when I applaud. That is an 89 annual fee on that because that as. It wasn't too in depth for you? No. I did make it through that one. Oh, this is at a 36% of interest rate. Is that the highest I've ever seen on a credit card? it might be that's insane i didn't even know that was i think because they can't compete in the

Starting point is 00:51:03 marketplace but a player apparently they can because anyone will just open them and then they charge the annual fees yeah i don't i don't think i've ever so i've never looked at interest rates when applying for credit cards ever but what about the annual fees though because that's so baked in regardless if you're holding interest or not yeah for you're still paying for you a lot. Yeah, I don't know. I don't really know what my thought process is. Okay, Merrick Bank. What do we have here? That one's pretty high, I think. Oh, good. I felt like such a happier conversation at the beginning, didn't I? I was happier. I was having a good time. Oh, no, you're not above your credit limit. Oh, you're close. Okay. None of them are

Starting point is 00:51:46 above my credit limit. I do very well. I'm not over. But according to you, there's only one that you had late fees on. So far has been every card. So that's, oh, okay. Okay, maybe not the last one. I still can't trust you. Yeah. But $541. $1.82. $6. $6 in fees. Annual monthly fee. No, I like the shirt.

Starting point is 00:52:07 For fuck sake. Golly. Probably done. I poked myself. Maybe you stop going so crazy with a pin that might not happen. That's what I do. $41 in minimumity payments. No new purchase is good.

Starting point is 00:52:18 Hmm. A payment was only 35, though. And then interest of $13. $21. I guess you could just maybe get pushed to that new level. Yeah, enough fees this year To make sense for those monthly fees So that actually makes sense

Starting point is 00:52:32 It doesn't look like that there's extra in here And then $125 in interest We have to be close to $600 in interest this year so far Cross these cards just about It might help if I would look at how much these interest rates are Before I just start applying and applying To these random cards It's probably the best

Starting point is 00:52:50 Is that what you think? Come to that conclusion That's your takeaway? Obviously don't. have as many cards as I do. But if I'm going to apply. That's your takeaway. No, no.

Starting point is 00:52:59 If I'm going. Don't have as many. Don't have as many and don't charge to them the way I do. You can't have credit cards. So you can't. No more credit cards. You can't have credit cards. You need to close your accounts.

Starting point is 00:53:12 You can't be trusted with them. You don't know how to manage them. You are not responsible enough for them. And that's okay. Who cares? I don't care if you're good with credit cards. But don't give yourself that reason to fuck up. You like the leeway.

Starting point is 00:53:22 The ability. Not even the leeway. The ability. take away the ability if all you've taken away with this so far because I need to stop applying for new cards oh

Starting point is 00:53:34 if I'm going to have a card I should not okay I'm not going to have a card no more cards more credit cards $2,016 on the BMI card okay actually a large balance finally unpaid deferred sales tax

Starting point is 00:53:51 of $81 and $39 what they even What? What is? Ten dollars of a intro. Wait, be this statement. What is that?

Starting point is 00:54:01 Oh my goodness. Look, guys. Oh. Oh. What is it? I am proud of you for making me for $25. I am proud that that child has lived until now. Oh, that's my car.

Starting point is 00:54:12 That's my car. What? Wait, what? That's my car loan. I do believe you said you were better off than most people because you don't have a car loan. So it's not in my name. It doesn't affect, it doesn't affect my credit is what I meant. Like, that isn't stacked onto my credit.

Starting point is 00:54:32 What are you? What even is your existence? What are you? Like, that wasn't added on to my dad. Who's this is my stepdad in my mom's name? Your stepdad's. Oh, my mom. Yeah.

Starting point is 00:54:48 What the, why? Because I didn't have enough credit to get a car. And my credit was shit. You keep fucking up your life. life and your credit is still shit. Yeah, it is definitely still. What even is this car? It's a 2018 Ultima.

Starting point is 00:55:02 I've had it for almost four years. It's actually worth $7,000. Yeah, and it's not terrible. You owe 2000 on you. You have an equity position. Yeah. Yeah. So it's not the worst.

Starting point is 00:55:13 I'm saying that is a good thing. No, the loan's probably bad. I've had it for like four years. So you're likely mostly done with the interest part. And like, I mean, yes, it shows in my car payment is. But you're late fees. You're late. So my.

Starting point is 00:55:25 Wait, but wait. They're late? They're late. No, no. The money goes to them. Yeah, but they're supposed to pay for it and it's late. This is their credit. Yeah, it's their, it's, yeah.

Starting point is 00:55:35 Why are they late? Are you late to them, to them to be late to that? So whenever my stepdad got the loan in his name, he was getting paid on Mondays. So the payment was due on a Monday versus it being on a Friday when I could pay it. The term says 219. That would be 18 years. That doesn't make sense. Uh-huh?

Starting point is 00:55:57 219. Oh, Payments. Oh, weekly payments. Sorry. That's, it's set up weekly. They set it up as like a weekly payment. Okay, so it's a four years.

Starting point is 00:56:05 Four more years? No, no, no. Four years total? But you've been doing it for four years. If it's weekly, it comes out to four years. So I pay $125 a week. I pay $500 a month towards the car. And all that's owed is.

Starting point is 00:56:18 What was the? How much time is left? Just whenever I get done paying off that $2. No, no, no, no, no, no, no. Wait, what's the minimum of the payment? I pay $500 a month. What's the minimum monthly payment? On the whole loan, I have no idea.

Starting point is 00:56:30 What is happening? So I pay, so the minimum payment, it looks like it's 122. I pay $1.25 towards it every week. But the monthly minimum is $125. No, the monthly minimum is $1.22 times four. It's always been set up weekly payments. So I don't know, like I pay weekly on it. like it's not like a every month type of deal.

Starting point is 00:56:57 There's only 2,000 hours left. This means you're done in like a few months. But are you? Yeah. You sure? Yeah. You're really doing some damage. So the only reason why it shows.

Starting point is 00:57:08 What was this balance when I first started? I'm not 100% sure. How do you not know anything? Because my parents got the car. It was a surprise because I could not afford to do it. Surprise. Here's a $500 minimum payment. Oh my gosh.

Starting point is 00:57:22 Our society. Yeah. society. I just told her to go get me. I said, I need a car. And me and my fiancee before he was my fiance at the time tried to get one in both of our names and it just wasn't working. You had a fiancee.

Starting point is 00:57:37 This fiance. Oh, you said at the time. Okay. We weren't not. We were not engaged at the time. No. So he wasn't a fiance at the time. Okay.

Starting point is 00:57:44 Yeah. Before he was my fiancee, we went and tried to go get a car in both of our names, but it just wasn't working. So my parents were like, I'll put. Two people who are engaged for two and a half years and know nothing about their own finances and continue to f-up when together, before they even knew less about each other,

Starting point is 00:58:00 were unable to do it. What? Yeah, that's so crazy, right. So my parents were like, I'll help you. Obviously, we'll put it in our name, but it's you're going to be your... Who's paying the late fees?

Starting point is 00:58:12 Them are you? Me? I pay for everything. So you were late? They have nothing... So you were late? Yes, technically. Do you even know?

Starting point is 00:58:21 Did you even know? No, I was... So the payments are due on... Mondays versus my money being... But this is on their credit. They allow that? Yeah. Hold your mom.

Starting point is 00:58:34 51? You're a 51 year old's credit. Wonderful. Yeah. I don't... Didn't mean to. What do you mean? Didn't mean?

Starting point is 00:58:46 So like... You were laid on everything except for two cards so far. Two out of the one, two, three, four, five, six, that's a bad. That's all the cards. That's all the cards. That's all the cards. That's all the cards. I don't know.

Starting point is 00:58:57 Oh, I thought we were, okay. You're successful a third of the time on making on-time payments on accounts. A third of the time, I didn't mean to. What is gloss genius? Oh, fuck, is that. That's what I've paid towards. So with that small business loan that you... I don't even understand what that is yet.

Starting point is 00:59:21 I have to take a look. I didn't even know it existed. What do you mean? So it's like... Is this the thing? Is this, is this the, this is the, this is the, this is the, this is the, this is the, this is the, this is the That's the 2000. That's the 2000. It's not technically a payroll loan.

Starting point is 00:59:34 Oh, no, it's not. This is pay advancing. These are Michael little payday loans, small business loan. You don't know what you're saying. Oh, yeah. Oh, great. You're getting them every second of your damn life. So that's how, are you doing it every single month?

Starting point is 00:59:51 So this is how. Are you doing it every single month? Are you doing this single month? Huh? Your little payday loans? No, I'm not doing it. This is the first time I've ever done this. No, no, no.

Starting point is 00:59:58 It is. Yeah. Good. Make it. I've never done taking a loan up before. One second. Good. Because you are going to get stuck in an unending spiral.

Starting point is 01:00:05 Because when people do these little pay advance things, they have to put their next pay to the pay advance that they already took out. Now they don't have any money. So they have to take out a pay advance. And it's an endless cycle. If you want to earn a $3,000 bonus, you need to keep listening. Silo is running an exclusive launch promotion just for you guys. Silo's like Robin Hood, but for bonds. And they're doing the best sign-up bonus I've ever heard of.

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Starting point is 01:01:46 Once this is gone, this is gone. Turn this off from your brain. It doesn't exist. Okay. It was just so crazy I had to have this gel polish collection Let me see what I can do And that got it

Starting point is 01:01:56 I don't know What's going on in culture right now? What do you mean? It was like 288 gel polish colors So the highest quality Special like Shrek's Anus color or something Like what did you mean that didn't exist? Because I didn't already own those colors

Starting point is 01:02:14 I started off with like I started off with like 40 No, I'm lying Maybe like 30 different colors that I've had for like the entirety of my nail tech journey. Why can't you cash for your business though? I don't know. I feel like I'm just not bringing.

Starting point is 01:02:29 At the time, I was not bringing in enough money to keep everything going. And I had a problem. You're still not. And if that is the case. But if I could work the same amount of hours that I was before I had my son. Are you not? You already said you're not, but you told me how many hours you're working? I was working six days a week, 12 hours shifts.

Starting point is 01:02:48 I was working 12 hours a day, every day, except for, Sunday. I was only off on Sundays. You might have to bring the kid, dude. You have the kid. You have the kid. You guys on the road all the time. Or you're changing careers. But having a two hour. I'm sorry, paying bills comes first. You got to figure this out. No, I know I have to figure it out. But, but like you have to bring the kid or you need to find another $40 child care sitter. That's incredible by the way that, right? Yeah. So you need to find another one, maybe some grandma around town that's doing nothing and is falling down and dying.

Starting point is 01:03:16 Get one of them to look at her with the kid. Just make sure it doesn't fall down with them. Yeah, that's the problem. My postpartum anxiety is through the roof. Huh? My postpartum anxiety is like through the roof, like when it comes to other people watching him or him like not being the people I don't know. The postpartum anxiety or the I'm not going to be able to pay bills and we're going to get evicted. Oh, it's all crammed. It's crammed.

Starting point is 01:03:36 It's not going to have a place to live on top of each other. Okay. Then maybe vet the person. Have them come to hang out with you for a day. Pay him a daily feed to come hang out with you. Vet them. See if they smell good if they're stinky. I can't afford to pay them the daily fee.

Starting point is 01:03:52 A $40 thing if we can get another $40 person, which is incredible. This must be a small town thing over there in Dankville or whatever. What's it called? Sulfur. Not tankville, yeah. I don't know. How much is Ode left on this? Glass genius.

Starting point is 01:04:05 So I just got that paid out last month. So I've paid 270 just since I got it. So from October until now. What's the interest? So it's a fixed fee. What's the fee? $3.98. $389, $3.89.

Starting point is 01:04:20 $3.89 is the fixed fee. They give you, they... Of the 2000 or is that included in the 2000? That's included in the... So it's $2.2389. What was it again? Say the fee? 389. It's like a 19% interest rate.

Starting point is 01:04:37 Yeah, basically 20%. I did know that. Interest right? Interest rate. Fixed fee. Dude, why would you pay the advance into 20... If you're taking out a small business, the long... You don't go 20%. You go like 8 to 10.

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Starting point is 01:05:13 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. I don't even that I don't necessarily like. I'm just, I don't know that kind of stuff. Google!

Starting point is 01:05:28 I mean, yes. This was presented to you in an app and you're like, well, yeah, kind of. I was like, I need... You gotta stop looking at things in apps. Every time you see something to an app, you have to fucking borrow it. You're obsessed with it.

Starting point is 01:05:40 And credit karma ended in this f***glox genius. It's a gloss genius anyway. It's literally a booking app. But they see me stupid notifications. It's like, we can help you in your small business. And guess what? You're stupid for accepting them. Yeah.

Starting point is 01:05:53 Yeah. I thought at the time, you know, midnight, I was making a great decision by buying this gel polish. And I mean, it's wonderful. It's beautiful on my wall. Oh, good. But on the wall instead of on people's nails. That's fantastic. It's so good.

Starting point is 01:06:07 I'm so glad. It has to be stored somewhere. It's stored on the wall. Yeah, but you realize what you just had. Come on. That was, like, in your brain. It's beautiful's nails. That was in the back of your brain.

Starting point is 01:06:15 You know it. It's great. people's nails. It's, those just all my. So every time I... Good. So we owe $2,000, essentially. 2100. And what's your like minimum monthly? Do you even know? So I have to pay at least $266 every 60 days. So this is how that loan specifically works is that... We're called $133 a month. Okay. So every time I charge like a credit card or a debit card like through the app, like if somebody pays with a card, they take out a, a, like 30% of that charge. So I'm never like outright paying for the loan,

Starting point is 01:06:56 like as far as like a monthly payment. That's insane, dude. So it takes out a percentage. That's so much less control of your money. This is a bad product. Yeah, I'm coming to realize that as I have noticed my, you know, income decreasing. Whoa, whoa, whoa, whoa, whoa, whoa.

Starting point is 01:07:14 Repayment rate is 30% per transaction. Yeah. So every transaction, every transaction. To get to it, 60 day minimum 266. Okay, I'm actually doing it as 133 a month, but. So I technically pay more than that towards it. That's just like, if I don't hit that, then they just pull it directly from my bank account. Indigo and other Indigo, Indigo 2?

Starting point is 01:07:34 The sequel, we're back with more monthly fees. That was a different one. Monthly fees. That, how you put anything on that card? It doesn't matter if you have the Indigo. Oh, yeah, it has the monthly fee like $9, yeah. Close this card. nothing on it.

Starting point is 01:07:48 And it's paying, you're having, you're being charged $10 just to have this card. Close it. I think it was, why give yourself another subscription? This is a third of your Netflix bill almost. So you have two of them.

Starting point is 01:07:59 So it's almost, almost your entire Netflix bill just to be lucky enough to have those cards. What? I just opened another card to like, right now that I don't have? No, no, no, that one is the card that I opened to show that I had,

Starting point is 01:08:13 to give myself more like credit limit that I haven't Your credit limit. That's not how you operate. You always get to your credit limit. That will be in the coming months unless you change that. That's how you operate in life. How have you not realized that? This is a behavior thing.

Starting point is 01:08:30 Yeah. This is all you, not being able to manage your money, not being able to build a budget, not being able to control what comes in and where it goes, set aside money for taxes, be able to pay bills on time and not make late fees and have enough money you're checking to go to pay the fucking bills. Yeah.

Starting point is 01:08:43 So, I've been like, thinking that the more I take out well, well, I was trying to be more cautious with that card. I actually don't carry that card with me so I don't spend on it. Oh, come on my apple. You know you're going to get it. You

Starting point is 01:08:58 know, you are in a walking example of exactly what's going to happen in your own life. Either way, what is the point of having a 36% interest card that costs $10 a month to even have? That's stupid. That's bad money. That was one of those apply. That's just bad money regardless.

Starting point is 01:09:13 Even if it does give you that buffer, it's bad money regardless. Oh, credit one. If we have credit one, we're on the worst of the worst, of the worst of the worst of the worst, the worst, the worst. When it comes to a fucking credit, okay? And it goes, honestly, kind of pretty damn close to it at this point. Okay, credit one. We're here, baby. Let's go. Mom had a credit one card. What was he going to think? You know, I never knew how bad those were until I was like a really paying addition to this show. I'm glad you're here. Well, actually, well, I'm glad you're here for you, but I am thankful. Thank you for coming on for being brave enough, because these people,

Starting point is 01:09:45 People are learning things from you. And I am glad that you're at least willing to take the step, even if it's hard. And it's weird being on camera. And I know it's like personalities. It gets interesting. But I appreciate you being here. And I appreciate what you are doing for the channel and for the community. Do what I can.

Starting point is 01:10:00 Well, hopefully you'll do a little for your kid as well by making your life better. That's definitely. $167. And $8. Ode on this. Guess what? $10 a fees. Woohoo.

Starting point is 01:10:09 And $4. And $1.18 cents of interest. Let's go. $30 minimum payment. It's wonderful, wonderful. No transaction. 59 dollars of fees this year so far 47 hours of interest wonderful wonderful yay everyone loves credit 1 I think that's like from my credit oh hold the f f f f f f f f f fc okay this is your credit

Starting point is 01:10:28 what is this what is and okay what did you owe a thousand to in collections 1086 would that come that just not got on here first out of like a million of these don't no I know but I'm trying to figure out is that the that just recently hit my credit I don't know let me find out the original creditor Finance Limited Partnership NPC NCP

Starting point is 01:10:52 who was open five years ago five years ago for sake dude you don't know Is that? It might be Verizon Elections number one Can I look that on my phone

Starting point is 01:11:06 186 we can look in a second I'm gonna keep going though because there's a lot to get through Let me tell you And we have sat here for a long time AT&T collections 452 Why do you order AT&T and Verizon?

Starting point is 01:11:18 So the AT&T is from the exit also had parole fines. He put some Wi-Fi in my name and then never paid it. Collections number two. So that's that. Oh, my gosh. Okay, this is a huge collection. Okay, 2004.

Starting point is 01:11:34 Let's see. Oh, no, that is Verizon. Oh, good. So we don't know what the original one was. Wonderful. Now, why so much of Verizon that you did not pay? This is a bad tracker. I'm a little nervous for your future with this much of collections.

Starting point is 01:11:48 It shows that you fall off the board way too often. So, okay, when I, that has actually been on there since I, that happened when I was 19. That happened when I was 19. If that's the case, it'll fall off in probably about a year, but I'm not 100% sure. Yeah, I had a phone, me and a friend had a phone on a phone plan and we ended up, she couldn't pay her bill and I couldn't afford to pay both of hers. This is dangerous. You could not link things.

Starting point is 01:12:17 and see what's already happening with you being linked to your parents for your car payment. You're late. You're fucking them. All these other people were late. They're fucking you. They went to collections. This is stupid. You need to stock in and intermingled.

Starting point is 01:12:27 Then I'm almost nervous for you to get. You guys aren't ready to get married. You guys aren't ready to get married. You're simply not. Before you even consider marriage, I want you to sit down with the financial advisors that I use at domain money. Sit down with them. We're going to give you a free session with them. Okay.

Starting point is 01:12:42 Do that? Everyone in the audience, by the way. Our entire community gets free sessions. Link in the description below. They're a great partner. They're my own personal financial advisors. You guys cannot get married until you guys sit down with them and figure out your finances. I did learn a lesson from, you know, that little Verizon situation.

Starting point is 01:12:57 Did you because you're fucking your parents right now? But if I didn't have a car, then like I was scoured. You're fucking your parents right now. With your actions right now. You were going out to eat. There wasn't insane amounts, but you were going out and eat enough to make, to not be late. You would you could, you do what you want. Rely and energy we chose that to pair of utility bills as well.

Starting point is 01:13:21 X had that in my name as well. That recently, I think, got put on there. It would have still been on your credit. So what happened was I moved out. He stayed in the same house. Recently, within the last, like, year, he let somebody else take over the... The year now?

Starting point is 01:13:39 Yeah. This year? I did not know it was in my name this whole entire time. Oh, my. So he... He left the property and let somebody else take over the rent. Close your credit. Lock your credit. Sorry.

Starting point is 01:13:51 Okay. Lock your credit. You haven't locked your credit yet? No. Because he obviously knows your credit information to be able to borrow things. And I do not trust a criminal. Yeah. He has my social.

Starting point is 01:13:59 I'm assuming clearly. Yeah. Lock your credit. Lock credit. Okay. Lock credit. So I guess that has been in my name for like eight years, that reliant. And then he...

Starting point is 01:14:10 Oh, this is open. It's just derogatory right now because it's late. Nope. It's in corrections now. Yeah, so that was Okay I don't know what happened With that

Starting point is 01:14:18 Sure deposit Texas Sounds like some bank We owed a thousand 550 3 to them Sure deposit No that's the Sure deposit For the apartment

Starting point is 01:14:27 That I got evicted from In 2018 How did you get evicted? I was sharing an apartment With said friend From Verizon Oh Yeah, and then it

Starting point is 01:14:38 We got evicted Because we Um Somebody we weren't helping each other pay the rent very well. So I was trying to make it. Either one of us was short and the other one wasn't. And so it just did not get paid.

Starting point is 01:14:53 What is autumn ranch on Swenson Farms? That's the eviction. That's the eviction. So this is more because this one's 9,149. That's the total. I did offer. Hold on before you get you out of hand. I did offer them.

Starting point is 01:15:07 I, let's see, back in 2021, I did not file taxes for a couple of years because I'm missing of W-2 from working a previous job. I did pay a CPA to do my income tax. I got five grand back from, because I didn't get like the, the Stimmies. Right, two years of taxes, I forgot. Okay, yep, go on. So I got my Stimmy's all at one time,

Starting point is 01:15:29 plus all my income tax. So I did call that collector, and I said, I can pay you five grand right now to settle it out. They said that my portion of it, because it is a joint one, my portion was $6,000, and they would not let, me do anything less.

Starting point is 01:15:44 Uh-huh. And so when I... Is that the only time you ever tried? That's... I offer to do a payment plan. Okay. The payment plan was $1,000. This is what you do.

Starting point is 01:15:54 You do that every two weeks. You call them and say, this is all that I have my name. If you want to close this out, I'll give you $5,000 now. I did not know that. You do that every two weeks. If they don't do it, then fuck them,

Starting point is 01:16:04 but you just work it out, okay? Okay. You just keep saying it over and over again. You work with them eventually. They want their nut. They usually get permission the person that's working with you. I figured, I mean, I had worked in a debt collection, like medical collections before. And so I did not know that that was like something.

Starting point is 01:16:19 The way we did it wasn't the same as that. So I said, how'd you do it? Like, we just, like, it was like a call center basically. It just like randomly called the numbers as they came across the screen. You didn't get commission if you closed it out? We did get commission, but I couldn't accept anything lower. They wouldn't accept anything lower. Were you worked?

Starting point is 01:16:38 It had to be like gone through like a whole like situation. There is. Like, but yes, but I did offer. You have any more debt? Not that I know of. I guessing it's about $4,000 for IRS for last year plus penalties. Well, let's just say $4,000 for now. Probably going to owe like four or five this next year.

Starting point is 01:16:55 Okay, wonderful. Okay. They said you just spent $250 on a card to beautify your studio. What is this? Where is this? I didn't see that. What? So I paid down a credit card and then I bought.

Starting point is 01:17:11 bought a desk from IKEA. You are not a credit card person. You are not a credit card person. You do not know how to manage your fucking finances at all. Nope. Close all your credit cards. It's so stupid. You have a kid. You have a kid. You have a kid. You have a kid. Yeah.

Starting point is 01:17:29 Probably need to get on that. Got to pay them off first, but I will get them closed. And you're checking account only a few hundred bucks. Amazon selling out, selling out. Who's that in 100, 100, 125, and then 100. car payment and Amazon? Apple Bill. Why do you have so many subscriptions or in-at purchases or walking in? I honestly forget what those are. I know some of them like-

Starting point is 01:17:49 Pull up your subscriptions then? Right now, currently. Joe Bob's Mini-Mart, Dutch Bros. Minimart. You're walking in, you're getting some because it's not that expensive. So I know you're getting snacks or energy drinks or something. Yeah, it's an energy drink. Yeah. Buy a bulk. Go to Sam's Club. No, I don't know. I did, I do buy them in bulk. That's part of the reason I'm, I mean. Amazon, Dutch Bros. Appleville. Okay, Amazon. Amazon is $50 dollar Apple bill.

Starting point is 01:18:12 Yeah, I'm not sure. Hold on. Wendy's? I'm getting there. Rico Taco. Zip Sheen, great. Zellin money out 245. Is that the car payment too?

Starting point is 01:18:23 245, yeah, that's, so usually my car payment is 125, but I pay insurance and my phone bill through my mom as well. So 245 a week is what my. Debrac card, 16, 23. Chick-fil-A water, because there's so much going now for someone who's laying on their car payment. Are you kidding me? This is irresponsible to the extreme. Brooks Shire, McDonald's, super handy going and getting an energy drink. Zell and money out $2.45 again.

Starting point is 01:18:46 This is so much money. 245 a week is what goes to my mom. That's an insane amount of money. You do not have that amount of money. A third of your income before taxes. That's a bill, though. Before taxes goes to your mom, a third. For fuck sake.

Starting point is 01:19:01 You went and got an energy drink. Cash out $21. Energy drink, energy drink, apple bill. Zell and money out $100, super. Mindy. Might have to be doing those to bring in some more income. Waterberg. That's not funny.

Starting point is 01:19:14 We don't do that. We don't do that. We don't do that. We don't do it. I missed it. That was a joke. We don't actually do those. I just make a naughty little jokes because I have a brain of a three-year-old when it comes to inappropriate humor.

Starting point is 01:19:25 Going inside and getting an energy drink. Apple bill. Zip sheen. You zip sheen constantly. You're affirming? Affirm. Are you firm? That is zip.

Starting point is 01:19:37 I don't know. I've seen an SPF. SPF. No, S-P-A-F. It's 40 bucks essentially, 31, sorry. Prime video, great. We have a very subscription known to man. Yeah, that's what all my...

Starting point is 01:19:52 Have you pulled up your subscriptions yet? Let me see. Okay, okay, Apple Music, cancel. You can't afford it. Cancel it, you can't afford it. I use it for my word. Use the free version. Disney Plus.

Starting point is 01:20:02 Cancel it. You can't afford it. Nebula, cancel it. You can't afford it. I did not mean to do that. Guess why you have it. Peacock, nothing on there anyway. Cancel it.

Starting point is 01:20:10 Can't afford it. Watermark photo something. Cancel it can't afford it. Yuka, what is that? Yucca, what's a Yucca? So that's like a, I think I did that last year. It's like a, it was like a $7.1. Cancel it.

Starting point is 01:20:22 It's canceled whenever it comes back up for renewal. No. Nope. See, it was cheating. Paper cut. I scared myself. Yeah. Well.

Starting point is 01:20:31 Oh. It'll be all right. Wow. No savings. No retirement. Uh, I had a retirement at one point in time when I worked for rent a center. I can't get into the account, though. I got to call.

Starting point is 01:20:41 all them and like resell all my shit. But I think it was like $1,500 in retirement that I was paying towards it. I did want to take that money out and like put it into something else. Not like a credit card, but like put it into a different retirement that I had access to. Roll over. Yeah. How much comes in on a monthly basis? One more time. 35, roughly. Put the town tax credit and everything. 15% aside for taxes. It's a sad. I'd be a little aggressive there. Okay. Okay. So 2,900. Paradee presents Ojos with

Starting point is 01:21:14 Alergy Ficasson Contra and the Garnaday Extra Fuerte to alleviate to liviouring

Starting point is 01:21:21 to the Acuble and over Clarity and Flownays at 1 24 hours Paradee

Starting point is 01:21:26 Adelante 75 comes in our on monthly basis Set that money aside for tax is not an option

Starting point is 01:21:31 What's your utilities that you have to pay towards? Um Your debt minimum

Starting point is 01:21:35 payments are $80 $80 $84 so what's your minimum month

Starting point is 01:21:37 debt payments Let's let's see I pay about $150 in electricity, 60 in water, and 80 in Wi-Fi.

Starting point is 01:21:48 Internet, okay. Gas, live room, drive, drive. I would say maybe like 40 bucks a month. I live like seven miles from my job. 20 bucks will last me about almost a week and a half. I had $141. What? $141? You don't know your money. What did I do last month that I had to drive? I'll put it as... I really don't use... What did you say 40? I'm going to put it as 50. Okay. And then how much?

Starting point is 01:22:12 do you give to your parents for car insurance again? 310 for car insurance. Okay. And phone, Bill? I think it's $150 for a phone bill. It's a round about number. Yeah, I own the phone.

Starting point is 01:22:28 Okay. What, you don't have to? I mean, no, I don't. But once I get it paid off, like, there's, whenever Apple's like, here's... Dude, I had a phone for multiple years and I was fine. But I also used, like, my phone because, like, I take pictures at work.

Starting point is 01:22:42 to like advertise my work. I guarantee your phone's not going to be bad. A few years from now. No, it's, yeah, I'm fine. I had that, I had to. When you pay it off, when you pay it off, switch to helium for 15 bucks a month. Wow.

Starting point is 01:22:53 It's just like T-Mobile, okay? Okay. Okay. T-Mobile. This is insane. $150 a month is stupid. Well, like,

Starting point is 01:23:01 T-P fun, anything else to survive, including for the kid as well. 100 bucks, I think you can make it work. I'm going to do $150. Necessary food. It's basically just you. And then I'm going to throw a little extra in for the husband. We're going to do $400.

Starting point is 01:23:12 50 bucks a month. Follow the meal plan. Yes. Kid to me. He's not even there. That thing eats boob and you just, you just need a meal prep a couple times a week. It's super chill. Follow the meal plan and the budgeting course. Okay. Follow it to your needs. Medical health care, anything that goes on a monthly basis that you have to pay for. Hey, um, 67 for insurance for me and him both and he is on Medicaid. So he's double insured. 67. Okay. Yeah, that's for. You're on your parents for everything, but not that. Okay. Um, yeah, my stepdad got a new job. And so my mom was like, you got to figure it out.

Starting point is 01:23:45 Um, I don't care. Okay. So, how much for the babysitting on a monthly basis? Uh, 40 a week. So, oh, just 40 a week? Yeah, well, it's the one day. 160 a month. Okay.

Starting point is 01:24:00 Not bad. Anything else that has to be in the budget that I am not taking account for. No. No. I don't think so. This is a roundabout budget. We don't have the, we sit down

Starting point is 01:24:11 hour and a half whatever something like that you're going to get more detail when you actually go through the programs and learn how to actually

Starting point is 01:24:18 go through your statements and make a concrete budget but this is a rough idea of it it's close you made it this is even with setting money's head for taxes 2434 to survive

Starting point is 01:24:30 on a monthly basis in 84 cents if your gas bill is that low you can cut back some of these things but either way 2,975 car insurance

Starting point is 01:24:37 get some quotes and see what it would be like just you getting it okay do you have like so can i do that well can i do like a car insurance if the car is not in my name the car insurance in my own name it's not in your name the car's not in your name the car is almost in your name and then quote it out and then quote it out okay okay uh quote it out uh i mean you can get car it's it's it might just be easier if we just wait did you figure in my car payment on that budget that's part of the debts okay okay okay cool you can make room on that you can make room in your phone bill you do have extra money right

Starting point is 01:25:09 now and I think you can cut back in some areas and that car payment will be ending here shortly but $540 is left right now on a monthly basis with that you know what's kind of interesting with that let's just snowball this guy first month I mean you take care of the two smallest cards that's easy and then you mostly pay mostly pay off the platinum then you second month you pay off the rest of the platinum in the one mail okay wonderful then the America bank is paid off in month number three and then by that point the car payment's already done naturally and now you have extra money. You have an extra 500 hours a month to start going towards that.

Starting point is 01:25:44 That doubles that. That means in month number four, gross is halfway paid off. In month number five, gross is fully paid off. Forget about month, credit one, but that's included in there.

Starting point is 01:25:56 Let's call that four and a half month. So you're in the fifth month. That's the same. You're half it through the fifth month. Okay. Yeah. You're debt free besides collections in five months. Boom.

Starting point is 01:26:05 Easy. That's if you actually manage and act like an adult and be responsible. I think I can... Then pay off your phone, switch to a cheaper carrier. Boom, that saves you even more money. It allows you to start setting money aside for investments. It allows you to start being able to pay off last year's taxes because you do need to claim that.

Starting point is 01:26:20 We can save that for another four months. So let's call this eight months. You need to get a fully funded emergency fund after your debts are paid off. We're looking at about needed for you to survive. As long as the boyfriend, fiance, stays there in every living way possible. At that rate, we are talking, I'm going to say you need about... Yeah, I get about, yeah, $10,000.000 bucks saved up. So boom, let's call it a year and a quarter.

Starting point is 01:26:44 A year and a quarter, you are completely debt-free except for collections, including paying off your IRS debt of the past. You still have to owe on this past year, but you're going to file for an extension. And that will start coming up at that time anyway. But either way, year and a half, you're debt-free, except for collections. You have a fully funded emergency bond. And at that point, you can start negotiating down some collections if you want. Save up a couple thousand bucks.

Starting point is 01:27:03 Start going down the list and saying, hey, guess what? I have a couple thousand bucks. I can pay this off. I can pay off your higher balance. If you're not going to accept it, that's okay. I have another collections because I f*** up my life a lot. And I'm going to call them next after this phone call is done. Okay.

Starting point is 01:27:16 Once this phone calls done, if you don't accept this money, I'm giving it to the next collection person. Okay. Goodbye. Okay. You know, I did pay off like two of my debts on my collections, like this one in the last like year. Okay.

Starting point is 01:27:28 Well, we're going to make a lot more progress than that. I was super excited about that. And I think you can do that in about, I'm guessing, let's call it another six months to be conservative. So I say two years you are completely debt free, no collections, no debt whatsoever. You own your car right out. And it's worth a little bit of money. And fully funded emergency fund, then at that point, make sure you're always setting aside money for taxes for what comes in after that.

Starting point is 01:27:56 You are then trying to put towards living 50%. Investing minimum, 20%. Okay. Like in stocks or like what? You know, we'll talk at that point. There is no point to talk about that now. We'll talk about tax and manage retirement accounts at that point. And you'll go through, you'll have the investing class as well.

Starting point is 01:28:15 But either way. Perfect. You know, self-employment things, we can look at separate areas. We can look at whatever. So the 401 cases, a lot of different options. Either way. At that point, 20% to invest in. And then if you're actually 50% on needs, 20% to investing, you'll do 30% on fun.

Starting point is 01:28:32 If you need more to go towards needs, you take that from fun, not from investing, because retirement matters and you do not want your kid to have to take care of you when they are older. I'm okay. Because it is not their fault that you fucked up. Nope. So that's where we're at. You got this. I can do it.

Starting point is 01:28:45 Come on the follow-up channel. Come on the follow-up. Our separate channel for follow-ups, we do one a week. Come on there. Okay. Make sure. Yeah. I'm excited to see your progress throughout.

Starting point is 01:28:58 You're going to make substantial progress. What did I say? I said about four months and you'll pay off all these. So I want you to come back four months and I want to see every single one of those gone. And then that's when we started tackling the past IRS at that point. And we'll readjust. So four months, you are on the fault of channel. Okay.

Starting point is 01:29:12 Okay. With those debts paid off, deal? Sure. Spending a budget. You overspent zero out of ten. Debt, you have a collection. Zero out of ten. There's nothing.

Starting point is 01:29:21 Zero out of ten. Retirement. There's a little bit sitting there in another account. One out of ten real estate, zero out of ten. Hammer financial score rounded up. Point five out of ten. Hey, guys, come to the post show. We might call the husband and confront him about how this is all.

Starting point is 01:29:33 Yeah. You didn't even think about that, did you? Yeah. Yeah. We're about to fuck up your world. Or hopefully make it better. We confront a lot of drama and everything in the post show. So make sure to join our YouTube membership.

Starting point is 01:29:43 It really helps our channel out through the ups and downs of ad rates. We have tens of thousands of hours of extra content and exclusive financial audits on there. Join Hammer Elite. It's the best value for your money. Link in the description below. We'll see you guys in the post show. There was something we had to cut from the main audit. Yeah.

Starting point is 01:30:00 It may have gotten as demotized in the main show. It may have destroyed her life. but because it's behind the Baywalk, we're allowed to talk about this insane relationship tea with you and your future husband. This is about to get crazy, so we're going to unleash it. My fiancé is... To watch the financial audit post show,

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