Financial Audit - The Biggest Losers In Financial Audit History

Starting point is 00:00:00 To watch episodes of Financial Audit a week earlier, check us out on YouTube. Hi, my name's Priscilla, and I'm 26 years old. My name's Tony. I'm 26 years old. We live in Lutz, Florida. And this is Financial Audit. Thanks for coming over from Florida, guys. Let's start with you, Priscilla, because you're welcome. Because you're right. Yeah. Because you're right in front of me. Let's start with you. What do you do for a living in Florida? I work in accounting for a real estate and property management firm. Very good. What are you making?

Starting point is 00:00:30 21 an hour How many hours a week? 40 What would you say I'd hit to your account on a monthly basis? I think it's 1426, 1425.

Starting point is 00:00:42 Okay. Sorry. Is that a paycheck? Every two weeks, yeah. 1426. Okay. You got it. Perfect.

Starting point is 00:00:49 Okay. Encouraging off the back. You have to be. You got to roll with it and any time you go through. You just got to go. All right. Yeah.

Starting point is 00:00:57 Oh, wow. All right. What do you do? It's one of those days. So I am a. private investigator. The ironing poisoning is, yeah, it indeed. In my job, we work with creditors foreclosure. I'm going to go with it. With the foreclosures, we do with that, debtors, collections, replacements. We are the people who find you, trying to find your information and try to locate you

Starting point is 00:01:14 so the courts can get processed. And what do you make? I make $17 an hour. Oh, that was a lot for $17 an hour. I'm proud of my failures. You know, what are you going to do in life? I'm going to try your best and you just do what you can. Yes. The fuck you're doing. You're just sitting there giggling. You know, it's just when the stress comes over you and you just kind of... Are you stressed about being on camera? I am a little bit. But without being, that's where it is from. But just having to be here.

Starting point is 00:01:44 Come down. Come down with me. We're here. We're filming. We're talking about your finances. Easy. Okay. So how much hits your account on a monthly basis?

Starting point is 00:01:55 How many hours a week do you work? 40 hours a week usually hits around. There's two paychecks in a month, right? Yes. Okay, two. Depends on the month. So 2,200. 2200 months.

Starting point is 00:02:05 Cool. So how do we, is this a dual? I'm assuming we're on a dual income household. Are you guys married? We are getting married. Getting married. This is a pre-marriage conversation. Yeah.

Starting point is 00:02:16 Okay. Are you running away from this as fast as I am about doing? Thinking about it. No, you've been stuck with me ever since. First day of freshman, no, we're not going to move past this. I'm sorry. Freshman. First day of freshman year, I saw her look in her eyes.

Starting point is 00:02:30 I'm like, this is the woman. Yeah, but how old were you? I was the same age. Oh, okay. I was the same age. He's 26. And so I saw her. I was like, I fell in love in first sight.

Starting point is 00:02:38 Chase you down like a rabid dog until senior year until you finally gave me a chance. Like, fine, all right, I'll put up with you. You missed that with me ever since. I finally said yes. And then here's where I got me. That's where I got you. Yeah. Yeah.

Starting point is 00:02:53 Is this what he's normally like? Is this what he's normally like? Yeah. I'm actually worse. And I'm sorry. I really am. I don't know what that means, but. Yeah.

Starting point is 00:03:03 I'm frantic. I'm kind of crazy. I'm out there and I kind of just go with whatever I'm feeling. The more nervous I at, sometimes I just go and just... His sentences are running because he's nervous, but he is like this. Yeah, I'm not running. Do you like it? I mean, yeah, I want to marry him.

Starting point is 00:03:19 Yes. You do? Yeah. Good answer, good answer. You said 2,200 on a monthly basis. Okay. Oh, fuck. $5,000 on a monthly basis probably hits on.

Starting point is 00:03:34 household. Okay. How are we living? How are we in Lutes, right? Lutes. Shrling, it's an expensive place. Lutes is. Yeah, I've never heard of Lutes.

Starting point is 00:03:45 Okay. Yes. It's a smaller area just right by Tampa. So how are we doing? What's life looking like today? Life is looking like today. Trying not to live paycheck to paycheck, stop using the damn credit in even though.

Starting point is 00:03:58 So are you trying then? We are trying. We are, I mean, trying we do our job we go it we pay the bills and everything but also we try to save when we can but we suck at that yeah why why do we suck at that it's the temptations of impulse buying like oh i want this oh i'm not really happy so let's get this normally like he's in the mood to buy something and then i'm not and then i'm in the mood buy something and i'm not but then we go

Starting point is 00:04:25 along with it anyway yeah like no matter what like i can see you be not being in the mood for something and then he gets it because he just overpowers all the oxygen in the room and there's nothing you can do no i i'd say no to you but oh absolutely yeah but does he listen or does he sit on you like what you listen i try not to sit on you i'm sorry when i do but we uh i do go along with that and then it ends up costing us okay so we enable each other's bad behavior we tend to yeah absolutely it's not in hindsight when you look at that oh man i should get there Yeah, is that that is probably not the best thing to do. Do you guys sit down and talk about your money?

Starting point is 00:05:07 Sometimes. Recently. What is sometimes? I mean. What does sometimes look like? What do we mean when we say sometimes? Sometimes when we're talking about discussing money and stuff, like, wow, we don't really have a much money this month.

Starting point is 00:05:21 Where the hell is all the money going? Maybe let's not eat out as much or maybe try to get cheaper things from now on and try to delegate that. That's usually the conversation. I just, I don't even know like where your money goes sometimes. So why, wait, wait, why? Why doesn't you know where your money goes? Well, because a lot of times it's just, um, you know where her money goes? I, I just figure it just goes to.

Starting point is 00:05:42 So you don't know where her money goes. Yeah, we don't really talk about her. No, I don't. Why do we not know? How, how informed are we on each other's financial position? Scale 1 to 10. I don't know. I just found out today he had a savings account that is costing him.

Starting point is 00:05:58 With fees. With fees. Yeah. Today. How are you guys getting into marriage? How long have we been engaged? Two years? You've been engaged two years and we don't know anything about each other.

Starting point is 00:06:08 So we know like the microcosms about each other's financial position. Yes. We know what we make kind of at time to time. Is this a we're afraid to get old till it's settled down situation? What's happening? You know, when you put it like that, a lot of the times, like we want more experiences. We want to have that fun. We don't really want to try to focus on the small things.

Starting point is 00:06:29 let's try to figure out like the happiness ahead. The happiness of now instead of like hunkering down. Mm-hmm. And that's pretty much just how it is really. We go through, we see it. And it's like, oh, we'll handle another day. Another day, we'll do it. Another day after that.

Starting point is 00:06:43 Yeah, but like, I don't, I see like all these random things on your account, though. And I just, I feel like if we. I don't think so. What does it usually look like? And then what do you ask? What does he say? Well, like, they're trying to get a baseline here because this is a fucking, what the finding out that, like, you go to Duncan before work and, like, things like that.

Starting point is 00:07:05 So I just feel like I can't. Are we worried about a single one? Or is this, are you recognizing ongoing patterns? What are we seeing? It fluctuates. It becomes a pattern for a while and then it stops. It stops, does that. Sometimes the lottery craving hits and then you got to hit that.

Starting point is 00:07:19 Yeah, he gets lottery tickets a lot. Absolutely. So I just don't. What do you know about his financial position? He doesn't understand finances very much. much and sometimes struggles to hold back. Yeah. What?

Starting point is 00:07:39 Okay, what do you know about her financial position? What I know about her financial position is that she likes to put things towards savings. She's like getting a plan, things going on, budgeting going on, budgeting, and budgeting things, and seeing what she can afford or sometimes you might need to help me with rent on things. And yet I'm still here, though. Yes, you're still here. But I think that's what I know. That's what I think I know.

Starting point is 00:07:59 That's what I try to do, but... So what are we doing here? What do you want from me? Because so far, you've talked at each other. Okay. What are we doing? What are we talking about today? So basically what we're talking about is that we noticed that our finances were not...

Starting point is 00:08:15 They were only getting worse. You know, collections were calling me. Things were running behind. And it was a terrible situation that I wanted to get out of. And we're going to be married soon. I don't want that to be in the future. I don't want that from our family, our kids. Like, I want to make sure that we have a plan before we...

Starting point is 00:08:29 start like a joint account. What have we done? What have we done to change that then? If this is something we want to do, what have we done? He started using a spreadsheet that I... A spreadsheet. Yeah. Okay. For a month? Exactly. That's how it usually goes. Exactly. So, okay. Okay. Me. Yeah. It's one of those moments. One of those days. Got to get into the finances. Got to do it. You help me here? I got nothing. I mean... How do you? How do you? How do you? How do you? How do you? tame him. Are you? Ah.

Starting point is 00:09:08 Do you? No. I mean. You just let this happen? Yeah. Just kind of run with it. A lot of times I would just go and go and go. I guess maybe that can also go with the finances too.

Starting point is 00:09:18 Let him run out. So we're trying to fix things before marriage. When are you getting married? July 25th. July 25th. Okay. Is it a small wedding, big wedding, mid-sized wedding? Have we paid for it?

Starting point is 00:09:32 What is the situation? Because obviously that is going to be an expense coming up. It's a mid-sized wedding, I think. Okay. Cost? 12,000. What have we paid so far? Well, I put it on a credit card. So it's not a credit card.

Starting point is 00:09:47 And is it the whole thing? Yeah, it's covered. Yeah. So the wedding's done. Well, the wedding would happen. Well, paid for it done. There's a couple more expenses that need to be paid for. Yeah.

Starting point is 00:10:01 So like the cake and then some other people. and then we're going to add some guests and that will cost more money. How many people are going to this thing? 70 and it's all friends and... Seventy. That's a decent amount. Most of just family members.

Starting point is 00:10:18 Yeah. And of course, how much do we have in debt? Look, for this household. We're going into a marriage. What's the household debt number? What is the household debt number? Oh, shit. Can you put a number on?

Starting point is 00:10:29 Yeah, this is, well, we certainly can. This is a scary situation that you, You guys don't even know what the household debt's going to look like. And we're headed into a marriage. We're already spending $25,000 or whatever on this wedding. Wonderful. On a credit card. So what is this household debt currently?

Starting point is 00:10:46 $35,000. $35,000 or not $45,000. Has to be. If we're including school debt, yeah. $45,000 at the height. Something, yeah. 35 to 45. Yeah.

Starting point is 00:10:59 Sounds accurate. Yeah. 87,741. You're fucking kidding. Nope. What? What? So you guys better not be going on... But it's like that. We still want to go to Japan after the wedding.

Starting point is 00:11:09 We still want to do that. How'd that honey? It's a wedding. To Japan? What the f f*** is that going to cost? We had it like... All right. Listen up. If you're a serious investor, you need a serious investing platform. Not those apps that look like they're designed for teenagers. Risking allowance money on meme stocks. I've been using Moomu for over a year because it's built for actual investors.

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Starting point is 00:13:23 They don't allow for up to two weeks. They can't do it. Only a maximum of 40 hours of doing that. I'm trying to talk with my management team to see if we can try to extend that. From 40 hours to two weeks? They said they can only do a limited A PTO of 40 hours You can't go above that

Starting point is 00:13:39 That's okay And you Yeah my job will allow it Two weeks Paid time off Paid time off Most of it Probably about 10 days

Starting point is 00:13:50 So we have a little bit of lost income More on your side A little less on your side And then What is likely going to be thousands For this trip Have we priced out the trip What do we know about the trip

Starting point is 00:13:59 87,000 Double the debt you guys thought you had Double the household debt Yeah we're going to Japan Spending $25,000 on a credit card and then we're still expanding the wedding even more. So how much is Japan? How do we not know?

Starting point is 00:14:11 We're headed there in a couple of weeks and months. It's the country. You know where it is. We're not going to have fun there. Have you not done the travel fucking plan with someone? 5 to 7,000 is what I'm imagining. 7,000? 5 to 7,000.

Starting point is 00:14:23 So we want to get this closer to 6 figures to debt. We're trying to just get there closer because you're not cash flowing that. You're not cash flowing it. Going to Japan? Yeah. Sure. On that. Well, we're trying not to

Starting point is 00:14:36 How? You can't even catch flow a single sign of your wedding. How are you going to cash flow Japan? I guess try to save for as much as we can. Yeah. Try really. Doing that, getting our credit cards, getting things manageable, build a small savings for it. That's pretty genius. If you fucking months, your debt is double what you thought it was. What are you talking about? Do we want to go into this marriage with a bunch of debt?

Starting point is 00:15:03 Is there an anchor in this relationship as in holding back the boat from going forward? Is it equal distribution of theory? What is going on here? Self-diagnosed? What is the problem? I guess the problem was the name is holding obviously. It's really just we're too focused on just the present. We want these things. We want this this nice clothing. I want to do video game, the food. I mean, I feel like I've been a little bit of the anchor with financials though. You're holding them back. Or no, like keeping things afloat. Okay. So how are you going to attach yourself to this in a marriage situation?

Starting point is 00:15:43 I mean, we've been trying. We've been trying. No, no, no. I know you've been trying. How are you willing to do that? Cutting back expenses. I'm not asking. I'm not asking what you're going to do.

Starting point is 00:15:57 How are you okay with it? You try to do better. And you have this person that's going to dramatically hold you back. And seems like everything's a fucking joke to him as far as I can pick up so far. So how are you okay with that? I mean, I don't know. I'm just living life and oh my fuck. Yeah. You guys are going to be in debt through your 40s and 50. It's it's really that's not what we want. So what you want, but listen to your language. Yeah, I listen to it. And it's like I can justify it in the moment. But if I'm just going to destroy the future, I get a

Starting point is 00:16:40 really get out of the mindset of getting all that not planning these shit. So 5,000 came in, right? Yeah. Sorry, income. What was spent last month? Last month. Household. Because we're going to be a combined household.

Starting point is 00:16:55 So what do we think? We got this. We got this. We got this. We got this. We got this. Well, went out for the household. Let's have your guess first.

Starting point is 00:17:03 Let's have your guess first. I would probably guess. I'm going to guess 7,000. Okay. So we're okay with spending $2,000 more than we make. Great. I was going to say $6,500. Why are we okay with that?

Starting point is 00:17:17 Okay. How do you say for Japan spending $1,500,000 more than we make? It was an off month. Where's this cash flow of Japan? Huh? It was an off month. Yeah. Every month will be an off month in different ways.

Starting point is 00:17:30 Come on. We can just open up a new credit card. We can go to Japan. No, no. No. Yes, you can. But if we're trying to get over six figures in debt, you said,

Starting point is 00:17:39 You were getting a cash flow. That's what you just told me five minutes ago. Yes, I did. Absolutely. That's not cash flowing it, you dumb tit. We're not opening another card. It's planning. You better not.

Starting point is 00:17:51 No, I'm not going to. I'm trying to think of ideas. Ideas to get this path going. By the way, $8,130 to spend last month. Just in the last month. Of all the money going out. All the money going on. All the spending.

Starting point is 00:18:04 What do you think your combined household financial score would be? I'm going to go three, two, one, go on go. I want you guys to give me your answer at the same time, 10 being the best finances, zero being the worst finances for the combined household. 3, 2, 1.1. 0.5. Okay.

Starting point is 00:18:21 Well, at least you guys seem to be reasonable there. Guys, if you watch your hammer financial score, check it out. Go to Calebhammer.com or click the link below and take the test and we'll show you where you are in the world of finances. And if you want to come on this show and you're a little quieter, go to Caleb Hammer.

Starting point is 00:18:39 com slash apply and I would actually be happy to have you in the studio chase ink I mean if we know we have like 85,000 hours to go through I'm not really surprised this is a dense okay chase ink what's going on are we both on this is this someone else's like is this an individual card it's going to be it's it's going to be priscilla okay so what's going on with chasing priscilla wait what's the balance I'll tell you the balance is five thousand $1,910. And 12 cents with a minimum monthly payment of 147. What is going on?

Starting point is 00:19:16 I think that was the business card. Yeah, was that the business? I think it was a business. We used to have a business. Absolutely. You both. Yeah.

Starting point is 00:19:26 I didn't have the good credit. I didn't have the good credit. She had the good credit. So we took a venture. So we opened a credit card for it. Absolutely. Got to start off with a business. Sure.

Starting point is 00:19:35 What about a small business loan? What about a personal loan? What about something that's not 30% interest? What are you talking? be worse than doing a credit card. Yeah, a 12% interest loan is worse than... Gross. Gross.

Starting point is 00:19:45 Yeah, it's like you do... They give you more money to use it. I'm not crazy. That's a thing. I didn't know we could do a personal loan. I don't know if you would have got approved for one. Do you mean your limit going up? Yes, absolutely.

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Starting point is 00:20:30 Corpability for you to get more debt. But it can be managed if the business is going well and everything. Yes, it can be, but if you have interest. And Bill, bar with me. One second here, my man. My dog, my brother. So with you going into it, it was a great market with all the research going on. You got to know what.

Starting point is 00:20:47 With all the research going on. Yeah, you think it's a poker fishing in the table? Not going to happen. No. You have to see what are the conditions the car. What is the market? What's the seizing? Is it a core deck?

Starting point is 00:20:55 What rarity is going out? What's the limited edition? Going to Starlight. All this research is going out, inflowing, transportation of all the things. How much this post is going to cost? Stamping. Wait, all that. I did all the research of it.

Starting point is 00:21:07 No. Who did the calculation for your postings? Stamping costs, all that? Okay. Yes. Just want to make sure. But I researched about the value of the cards and everything. Yeah.

Starting point is 00:21:15 Yes. You know his face looks like a circle of pubs, right? Jesus. Right. Holy. So obviously this business did not work out. You still have debt on it. You still have debt on it.

Starting point is 00:21:28 It worked in the beginning. It worked in the beginning. It worked in the beginning. I don't care if it works in the beginning. Throughout, continuing, as in giving us money. What is the beginning? It worked at the first. month? What we're talking about? When did this end? What is the status of it now?

Starting point is 00:21:45 Okay. So it's basically, it's like... It's dissolved. Yeah. Not the debt. No. The status of it, the well in the beginning of it, it was going good. A couple $500 a profit, $1,000 a profit a month of how the system. But we hit one flow of a bad batch and got lost a big investment on that. It's basically a lottery every time we buy a case of them. Oh, really? It's like, we're like loot creating this shit.

Starting point is 00:22:11 Yeah. Oh, this is so fucking stupid. And you're hoping to get cards where in within the batch overall, it's more valued than. Absolutely. Oh, that was your business? Yeah. And then we're going to build a store. Your business was lottery cards.

Starting point is 00:22:25 So your business was lottery. I was tired of the day-to-day job. Yeah, no. So why don't you do something that provides value then? It could provide value. Open a startup store. Sounds like you have a lot of debt on this card still. So it didn't really work.

Starting point is 00:22:37 And one month set you guys back and led to the inevitable collapse. If one month led to the class, this was not a business that was going to be successful. Doesn't mean it can't be successful in the future. So far, no success. We were hoping to grow it and it just... Oh, you're hoping. Oh, good guys, we were hoping. You got to have hope in life.

Starting point is 00:22:56 What else is there? Of course you do, but it's not hope alone. It's with a plan, with a strategy. The hope is to the goals, but the hope isn't the only thing that gets you to goals. You have to have step by step plan. And it's always going to change. as it moves as you go along to get to that goal. I want it

Starting point is 00:23:14 to be like your own boss, your own hours, everything. You could focus that, manage that. Why didn't you start, again, a business that provides value then? People like cards. People like cards. People do like cards. But you were just hoping to game the market. You were day trading Pokemon. You go.

Starting point is 00:23:33 Okay, whatever. Yuki-oh, whatever. I don't know. That's not my thing. I mean, like, I didn't know much about it, but I was willing to invest with them and stuff and give it a try. You got fucking coaxed into this? Well, okay. So I'm- Wait, we wait into debt for this.

Starting point is 00:23:47 We didn't even cash flow it. Because if you cash flowed the cards in a down month, ooh, oopsie. Oh, well. You went into a fucking debt. How did we gain $6,000 of debt in Yu-Gi-o? And in Yu-Gi-o. We used our own money, too. Guys, this is pretty exciting.

Starting point is 00:24:02 Well, we'll zoom in. Let's talk about this for a second. Okay. So I do a little bit negotiating here and there, you know, when we're having sponsorships and stuff like that. And you know, I've been working with MoMA for a while, and I got a little special negotiation for you guys because I wanted to get you free money because if I get money from them, I want you to get money from them. And then, you know, we're all happy. And the thing is, what I got was exactly what I would want to get if I were putting money in an investing account.

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Starting point is 00:24:45 Link in the description below. Let's do this thing. Let's make some money. I'm sure how do we get $6,000 a day in Yu-Gi-o? So you've got to look for the rare cards in selling that and doing that. Why the debt? How did we do the debt? Why wasn't it a cash vote with the money you guys had?

Starting point is 00:25:01 You guys don't not make money. You make $60,000 a year combined net. We honestly, the truth is we just got tired of the money. the business, tired of doing it. And we're like, let's just abandon it. We, it's, it wasn't worth it anymore. I mean, we tried to cash flow. We put, like, thousands of dollars into the business trying to buy.

Starting point is 00:25:20 Business. Okay, okay. Lottery. We were, we were trying. Lottery. How you cannot allow this man to convince you into this kind of shit. Get a fucking brainwasher. She just, but she went along with it because she loves you and she wanted to support you.

Starting point is 00:25:34 I love her too. And it was, we had conversation. Multiple weeks. Multiple weeks. Whoa, whoa, whoa. I've always wanted to try business. No, all they let's do this thing. No, all I'm saying is you really wanted to do it and you, you know, convinced her because she wanted to support you.

Starting point is 00:25:46 And don't go along with that. Call him out as bullshit. I mean, you're, how much you've spent on this? Into this business in general? We probably put about like seven grand into it. Oh, fucking. How long did it last? About a year.

Starting point is 00:26:07 A year, right? Less than a year and a half, yeah. Yeah, something like that. If I literally put that money into just like an empty Moomoo account, it's the investing app I use, literally just like $2,000, you get an instant $150, which is incredible. And then you get another like 8.1% APY on that money. Imagine $7,000 doing that.

Starting point is 00:26:30 It's like a 16% return like instantly pretty much. Imagine $7,000 just sitting there on that 8.1% APY. crazy, but instead we put it in your cards and now we have a $5,000 debt to fucking $5,000 debt is all we have left of it. I didn't have the heart of the cards. Which is, it's accruing almost $90 an interest on a monthly basis.

Starting point is 00:26:54 But it's not going to be there forever. Says who. Me? I just said it. Hello? Yeah. Well, evidence do we have to suggest that because I see only minimum fee payments, which you're right, it wouldn't be there forever.

Starting point is 00:27:06 It'd probably be paid off in like 30 years or something. 30 years? I don't have the exact. Not even, not even 10 years it would take with a minimum. 30. I mean. No?

Starting point is 00:27:18 Am I in the wrong year? We'll pay it sooner. Am I in the wrong? What? So like, okay, let's say we did the minimum payments. Would it take like 10 years, seven years? I don't, I don't have the math in front of me. An absurd amount of time is what you're telling me.

Starting point is 00:27:33 Oh, an absurd amount of time. Absolutely. Oh, you're embarrassing her. You're embarrassing me. saying. How are you not embarrassed? Oh, this conversation's miserable. Are you guys not miserable?

Starting point is 00:27:48 I am miserable. No, I'm having a good time. I think you're the only one. The audience probably isn't having a good time either. Everything's a joke to this guy. You know, your marriage might be considered a joke to him too. I don't think it is. I think it's a journey experience.

Starting point is 00:28:04 I think I would actually be concerned. I'm concerned. Discover it I would love to discover how to leave this fucking room right now 3,980 there sure is but I have a job to do

Starting point is 00:28:20 It's usually the best job in the world Today Okay 86 dollar minimum monthly payment We're purchasing Why are we Okay whose card is this Are we

Starting point is 00:28:32 Discover it That one's mine What are you doing? Why are you purchasing I thought you were the good one I thought you were holding us above water Are you purchasing $195? While $65 and 94 cents of interest is accruing.

Starting point is 00:28:47 I mean, there's- The good one of the relationship. There's subscriptions on it. Just, I don't know, like- Cancel them or move them somewhere else. Listen, you're not the annoying one, but that doesn't mean you're automatically good. I mean, he also has, he's an authorized user, too.

Starting point is 00:29:03 I'll only use it during emergencies. I don't just go spinning well. Why don't we have an emergency fund? How long does this take to pay off? That's why it is purchased. Minimal monthly payments only without purchases and you're incapable of not purchasing, especially allowing this man to be an authorized user. How long does it take the payoff?

Starting point is 00:29:17 Please. You got to guess. Please. 36 years. No, 16. That's still insane. Only with the minimum, though. Yeah, but you purchase on it.

Starting point is 00:29:33 Did you not know that? That's credit card. Do you make purchases? It's Vaves. This fucking show. Addictions, dog. What can I say? No, I think it's like everyone with bad finances in this world also makes bad lung decisions.

Starting point is 00:29:46 Like, this seems to be a trend. It's not tobacco. It's not cigars. You're right. It's probably worse. I said it's weird. No, I said it's not. It's nicotine.

Starting point is 00:29:57 Yeah, but we don't know what the fuck is even in that. Renaissance benefits? What is this? Oh, that's a Vision insurance. Vision insurance on a credit card? Yeah. Yeah. I always...

Starting point is 00:30:11 Just pay for it with your fucking money. I always thought it was better to have like at least one purchase on in a month. That's still leave it open. Sure. But that I guess. And that's if you're paying it off every month. You're not even fucking paying it off.

Starting point is 00:30:24 More fucking babes. $45 dollars of... $42 of apes, $21 of apes. Two Amazon orders at a 17.24% interest rate. You got to restock. If you're into, you got to get your supply. So if you see in the bowl. you know.

Starting point is 00:30:39 We're not the ones getting the disposable. We have a mod. We have a vaive. You've got to get the juice. Coils. You're good for a couple months. It's cheaper than going to the disposable. I promise you.

Starting point is 00:30:49 I want to lie to you. I mean, I recently quit nicotine too. Is that what he said? What was the two? Oh, just. I honestly, I'm not processing any words he's saying because I've just tuned in my out. So I thought maybe through that entire rambling mess,

Starting point is 00:31:15 he said that maybe he stopped. No. Okay. Okay. No, but yes, you did recently just stop Good. Well done. A month clean, I believe. Should I fucking kick him out into the lobby so we didn't continue the show?

Starting point is 00:31:31 What I need to do? Wait, if I get annoyed. Tell me what I can do, don't. Shut the fuck off. Stop trying, are you trying to be silly? I'm not trying to. It's just a stress and anxiety. Oh, my fuck. I'm good. You know, if I keep laughing off, maybe I don't have to face the things I'm feeling. Face the things you're feeling? What are you feeling?

Starting point is 00:31:46 Terrified. Terrified of what? Seeing how this is what? Why haven't you done anything? Because I try to avoid it, try to run it from it. What does that do? It just makes it even worse. Uh-huh.

Starting point is 00:31:56 Go on, go on, but then it just keeps getting f*** the piles of piles. The pile gets bigger. You don't want to look at it. Uh-huh. And I want to start looking at this and get this done. Okay. So you want to start looking, then why haven't you? I recently started doing that. that looking into.

Starting point is 00:32:11 I build an Excel sheet. Seeing what the money's going out. You've built the Excel sheet. We know about the Excel sheet. I haven't done anything with the Excel sheet. It's my Excel sheet that you're using. I didn't know how to do it until. All right.

Starting point is 00:32:23 Neither of you leave this office until you download the simpler budget app. You download that. We'll get you the premium version for free. There's a multi-week trial out there for people who want to test out the premium version. And if you want the Founders Edition, Simpler Budget Notebook, just take the annual option. option, which saves you money anyway, and I'll send you one signed. But either way, use it.

Starting point is 00:32:45 Use the automatic account connection features. Everything that comes with the community chat in there, keep each other accountable, budget the shit. Maybe it's a household preparing to go into this thing. So you actually understand what accounts each other have because you'll see it in there. You'll see each other spending across the entire thing. You'll actually know what's happening. So you do not leave until you do that.

Starting point is 00:33:11 Okay. I'll get that going. Yeah. Yeah. Which credit card did you guys put the wedding on, by the way? The one you're looking at. The wedding was on this card. Yeah.

Starting point is 00:33:24 What else these? Okay. How much? It had a good deal. We... They did. They said if you pay up all in front, you get $2,000 off of it. Okay.

Starting point is 00:33:37 So we put, I think, $8,000 on it. Why on a credit card? because we're trying to get that discount. It was like paying full, do it now. So, I mean, we had a savings going. Why not going to being able to pay for a wedding when we have the fucking money to? You're engaged for, you've been engaged for two years.

Starting point is 00:34:03 We couldn't do two years to save up for this. We knew we wanted to do it. Okay. That's not what I said. What the fuck you're talking about? I didn't. You were saying like, oh, you're all engaged for two years. Yeah.

Starting point is 00:34:14 You've had two years to prepare for the fucking. wedding costs because you know you were getting married what the fuck are you talking about so this guy's oh i don't like him please please let's talk about something important you can do what feels like everything to prepare for your family's future but be honest how secure would their future be if you are suddenly not around to provide for them thinking of your loved ones struggling without you there is stressful and upsetting but the good news is it's actually easier than you think it is to line up some extra protection so that they have some extra security in case the unexpected happens to you.

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Starting point is 00:36:16 Caleb or click the link in the description below. That is meetfabric.com slash Caleb, M-E-E-T-Fabric.com slash Caleb. I was going to say what happened was we had a savings going, right?

Starting point is 00:36:29 Yeah. But then instead of using it for the wedding, we used it for a new car. We paid it for... When? That was... When?

Starting point is 00:36:41 Okay, this was justified. This was... When? Last year. Six months ago? Six years, yeah. It was September, September last year. Testified.

Starting point is 00:36:51 Absolutely. My car was breaking down. This was happening. I was doing repairs on it. It was a 2011 Ford Escape. Got it from my mother. It was a beautiful car. I loved it.

Starting point is 00:36:59 Very grateful for it. What happened, end up, tires are blowing out. Transmission problems. Compression and a gear shift. Breaking it. Probably doing like a thousand dollars repairs a month on it just to get to work. Couldn't do it with it. Never had a new car in my life.

Starting point is 00:37:12 So I thought it would be great to. have something reliable. What did he just say? Basically, his car was breaking down a lot. We were spending money on repairs. The car's so good. Come on. I come every time I drive it, dude.

Starting point is 00:37:28 It's worth it. It really is. When you have that feeling going to work, you're not sad, you're not unhappy about it. You're having that delight. You're driving on Swiss blissful lane of Gounen Central, shooing down the street. And you can go happy with it. No matter how bad the job is, you can go home happy. I think that's worth

Starting point is 00:37:45 Worth a lot of this If I were her I would never be going home happy I'm pretty happy Yeah I don't know I don't know what prayers you say at night I don't know Whatever God you're praying to I bless him every single day

Starting point is 00:38:06 I do I'm very lucky to have you extremely Oh Jeez Okay I guess I'm just going to move forward. Discover, another discoverer. Is this your version of the Discoverer? This is my Discover, correct.

Starting point is 00:38:28 Okay. Okay, what's going on with this card? So basically, that was probably my oldest Discover credit card. Family members like, hey, you should get into credit. Start building that with young, like 18 years old. Starting doing that, it's like, oh, I had money on it. I could spend it. And I maxed it out on a couple months and it's been maxed out of every.

Starting point is 00:38:46 A couple fucking month. It's been maxed out ever since. Are you serious? I actually remember. I tried to get him to get a card because I thought he would pay it off every month. Wait, how long has this been maxed out? Ever since I had it, basically. Oh, but in years of length of time, probably six years.

Starting point is 00:39:09 It's been maxed out for six years. Give me that card. Give me that fucking card. Maxed out for six fucking years. Give me that card. It's a pretty, it's rainbow. Please, can I cut this up for you? Because I do not.

Starting point is 00:39:23 It's been maxed out for seven years. Do I have consent to chop this up? Because I can not let you leave with this card. I want to do the honors. I'm cutting it. Okay, as long as you actually fucking cut it. I know I don't care about throwing scissors at you. I'm afraid of you holding them, though.

Starting point is 00:39:39 I cut it. Is this a bit to you? No, I just... No, it's this conversation a bit to you. It's not a bit to me at all. Then what the fuck? It's just me trying to be stupid and idiotic, not trying to face my situations. If you know that, you know that.

Starting point is 00:39:55 You just said that. That's like the fourth time you said that. If you know that, then stop. Fri-sake! You're a child. Oh, my God. I can't deal with you. He's not ready for this fucking conversation.

Starting point is 00:40:12 Maybe you are. He's not. Are you able to ever have a serious conversation with this man? And that's a generous man. Yeah. It's, I don't, you have to sit the situation, I guess. I don't know. Yes, the answer is yes.

Starting point is 00:40:28 How? How possibly? I don't know. I guess you just listen to me. I guess I do. I try to push everything out that's not you, really. And just think. Then what the fuck can I do?

Starting point is 00:40:41 What you can do is just really putting this in some blamed view. And I see in her reaction. Clean view, you're a f- It's good. Maxed out for so long. Congratulations. Good. I'm so proud of you.

Starting point is 00:41:06 It's so fucking. It's above Max. You're above Max. Well done. $130 minimum payment. You're so good. Well done. $30.

Starting point is 00:41:12 $0.80. $0.80. of interest. Congratulations. Well, well done. It's above the credit limit. Well,

Starting point is 00:41:19 fucking done. You're doing so well for your future wife. You're doing so well for this future marriage. You're doing so well for your future kids. You're doing so well for your future house. You're doing so well for your future retirement. Good job. You've had seven years.

Starting point is 00:41:29 do anything with this card. You said, no, I'm going to be a child instead. Good job. Congratulations. Maybe it's time to wake the fuck up. Maybe it's time to be an adult and actually act like you're in your 20s for the first time in your life instead of acting like you're fucking 16. No, not even 16. That would be way too mature for how you're acting. Maybe instead of acting like you're 11, you'll act like you're 26. Like you have someone that's depending on you. Like you're headed into something serious. Maybe you'll act like a fucking man for the first time in your life. sake max out for seven years what a joke 16 years to pay off he goes for caribou and i'm it um oh oh it's a you went to a restaurant einsteins couldn't say the words it's been a long

Starting point is 00:42:13 it's been a long child just mindset yes i fucking know that i can tell i'm in front of you and i don't find it cute or funny i find it a massive waste of her time my time producers time their time. Maybe she'll get something out of this. Maybe you act like a fucking adult for the first time by the end of this. I don't know. I can promise. I'm definitely... No, you can promise nothing. I don't want to hear word from you. I'm done with your existence. I am done with your existence. F*** me. Thanks for ruining my Friday. $4,692.21. $124 is your minimum monthly payment. Oh good. A thousand. A thousand and $525.55 of purchases.

Starting point is 00:43:02 Well, there is $78.1 of interest accruing. Our balance is now basically $900 more than it was. Whose card is this? That one's mine. Is he an authorized user? No. What the fuck are all these purchases? The one who's good with finances in the house.

Starting point is 00:43:17 The one who's lifting us up. The one who's keeping us all afloat. What are these purchases? Those are everyday purchases. And I used to pay it off. What is an everyday purchase to you? Like groceries? Groceries.

Starting point is 00:43:31 Groceries. You had $1,5,000 of groceries. Whatever else comes up. Whatever else? You don't know. You don't possibly know. You wouldn't know. Do you not know? I'm not sure.

Starting point is 00:43:49 Then again, I'm thinking really is that it's probably of the mindset is that it's like, oh, we need to spend, we need to get something or we need to, oh, we need to get gas. I'll just use his main credit card every day. main this is my mindset when I go into these things it could be that also especially when the money's low on the balance and you're like why are we allowing the money to get low you guys don't make insignificant money together combine household income you guys do pretty okay close to the median household than the united states so when you say that that we make a pretty decent significant 60,000 nut i always thought uh kind of like just being the mindset of the debt's always there it's never going to go away why start now why do this we don't Then why are you here? Because things were starting to get really bad.

Starting point is 00:44:37 What? I mean, like, collecting agencies were trying to get into contact me. Cards were saying like where. So those are collections. So also like he gets these monthly payments for school and stuff. School? He would have to explain that one. Yes, I receive a military VA benefits.

Starting point is 00:44:52 You were in the military? No, my mother was. She's 100% disabled veteran. She receives benefits of that. Since I'm her child, I receive a monthly siphon while I'm in college. of so where that's cutting. But they come like pretty sporadically. So lately I've been having to pay rent and do other things instead of paying up the cards.

Starting point is 00:45:12 Well, I mean, it's pretty normal for someone to pay their own rents. Well, we have, we have a, our payments are split up for various things. So I pay certain bills. He pays the others. And I've been having to cover his, his share. Well, I mean, you guys aren't technically married. But you're about to get married. You've been on a test run for the last two years.

Starting point is 00:45:30 Why not at least practice what it's like? to have a instead of like I'm taking here this bill you take care of that but blah blah blah blah like on the one little pot pot goes to bills no matter whose money was assigned to the dollar in the pot yeah we're trying to acclimate to getting that was a conversation we've been having for a few months because for years what the fuck have we done that with progress with that for years we had everything that was like it was all separated um I used to keep a tab of money that he owed me and it just sort of accumulated a tab of money that he owed You?

Starting point is 00:46:03 Yeah. I actually... What did it get up to? Well, I actually got an inheritance at one point. How much? $50,000. I paid my car off, though, with it. How much was the car loan?

Starting point is 00:46:18 I paid it like $25,000. You didn't have a $25,000. Okay. So you had 25 left, but it was paid off. You have to shut the fucking. You have 25 left. Where did it go? Then the rest went to like a year.

Starting point is 00:46:32 and a half of living expenses. One to three years. Why weren't you cash full in living and allow that just like grow in the market or something? We were both just pretty much. Dumb and stupid. We wanted to pay the full year of rent. That's how they were managing it. And it was like, oh, we're just in bad situation mentally or whatever.

Starting point is 00:46:55 That was like, oh, let's just stay home. Let's just stay home and focus on the year. You guys were just staying home? You stayed home for a full year? Didn't do work? Pretty much. Wait, when was this? Well, what the fuck?

Starting point is 00:47:08 Yeah, I think it was 2018. I dropped out of school and then didn't get a job. It was pretty pandemic and you guys literally just stayed at home for a year and did nothing. It was a beautiful time for us. So we did nothing change really. Yes, I can tell your maturity did not grow in those years. I know. It was a wonderful time for you.

Starting point is 00:47:28 So good. It's been so beneficial. Okay. How the f*** can we justify staying home in 2018 for a full fucking year and doing nothing? Just rotting and not making any progress in life. I guess the problem is not being happy. So it's like, oh, we have the money. Maybe this can make us happy.

Starting point is 00:47:48 We can focus on. But blowing $25,000 you knew you'd have to go back. $25,000 won't have to life the lifetime. You know you had a limited. $25,000. How'd you guys even survive? Could you even survive $25,000 for a year? Now, absolutely not.

Starting point is 00:48:02 But then you did? Yeah, we did. You didn't borrow anything else or have to make anything else. I don't know about your credit cards because I guess they were maxed out for that time. I did have a credit one, but not. I don't have that anymore. That was very maxed out. She actually looked at it and saw like it was horrible.

Starting point is 00:48:22 It was like, you need to get rid of this right away. I got rid of it, closed the account, paid it off a long time ago. I did it. That's a sign of hope that I am able to achieve this. that. I mean, I even heard you stayed home for a four years. So I obviously didn't really learn a lesson through any of that. Because look where we are, guys. Thought you had 30 to 40,000 hours of debt. 85,000. Right. Yes, there's lots of groceries. Maybe Walmart's a little hard to tell sometimes. And some psychiatry out of psychiatric and some other things like that. Oh, pediatric. Pediatric. Wait, do you guys

Starting point is 00:49:09 have a kid? No. No. I go get allergy shots. So that's what the pediatric is. Okay. But then donuts, cafe, Amazon, and are another subscription.

Starting point is 00:49:22 We do want a kid in the future. But we're not going to bring that child into this financial situation. That's the biggest reason. It's kind of our motivation for wanting to fix it. You know you're in memory of private pile. I really don't know what that is. She's never given a fucking rifle.

Starting point is 00:49:43 I mean, I want a rifle. We own three guns. Please don't. Shotgun, assault rifle. Hopefully just not near a school. $78 an interest is occurring in a monthly basis. So this is the everyday card. Yeah.

Starting point is 00:50:01 Why? Why pay interest on every day? I'm not good at using a debit card. Not good. What do you mean not good? How do you be good at using a debit card? It's a better card. Well, it seems more stressful because I don't know how much is in a debit card.

Starting point is 00:50:15 checking. How about you? No. Yeah. How about we? Budget. Literally, you would open the simpler budget app and we can tell you across everything. We tell you across everything. Oh, good. Oh, my gosh.

Starting point is 00:50:30 Okay. I'll allow you to use the Fizz card. It's the only one I'll let you use because it builds credit, but it's a debit card. So you can only spend what's in your checking account. That's the only thing I will allow you to use it as a credit card. You guys are not capable of utilizing debt for your own benefit. not even close on that for a single second

Starting point is 00:50:46 it is an enemy for you definitely seeing how much it damages it is it not even for just the money sick but the future sake how damning it can be

Starting point is 00:50:58 Best five Is that you? That is absolutely me yes $2,179 and 46 cents the minimum monthly payment of $78 $10,000

Starting point is 00:51:16 of purchases. I mean, again, the balance, even though you put the $70, you know, whatever dollars of purchases or $76, which was the last month's minimum with the payment, the balance only went down by $11 because of your interest and purchases. So that's actually an interesting story there. So with Best Buy, you know, I actually never shop by Best Buy. Careful. Listen carefully. You might need to translate for me. Please. Okay. Rumble.

Starting point is 00:51:42 I went to Best Buy. I wanted a Fortnite skin and you had to get a, a new phone for it. So that's how best by was born. That's the true honest of God swear to me. And you wanted to start a fucking Yugoo business with this guy? I actually only found that out a few days ago. I thought I'd say it before, but I guess not. I only found that out a few days ago. Okay.

Starting point is 00:52:02 So you don't know what you say. You don't know what you say. What do you mean? I don't know what I say. Air leaves your mouth and you have no idea what you say. I wouldn't be confident that you've ever said or didn't say anything. So I'm just mindlessly going. Yes. What makes you think?

Starting point is 00:52:18 I recognize that. Is it? Your wife almost agrees. So maybe be with me on this. I'm kind of recognizing that's where the joke is coming from. Maybe definitely the death. Oh, just don't think of a mindless go, go, go, go. Everyone thinks you're just a big joke if you just don't think about things.

Starting point is 00:52:33 No, that's not many people think of your joke is because you act like a fucking joke. Look how you did the first 25 minutes of this conversation at 30 minutes. I wasn't even thinking. I was just instinctively or just my first reaction was to do that. So what kind of phone did you get? Oh, man. I don't even, it was a Samsung Note 7, I think. Something like that.

Starting point is 00:52:56 Okay, so you have that card. Yes, I do. You're going to chop off that fucking card? I'm going to chop that card. Why don't you just chop up all of them while you're at it? Yeah, why don't you fucking seriously? Good? That's all the cards.

Starting point is 00:53:08 Good. That's every credit cards. Credit cards, guy, credit cards. All right, so which ones are the credit cards? Every single one here. Every single one? Really? You don't have a single debit card.

Starting point is 00:53:18 I do have a debor card. It's just not in here. So. What? Okay. Okay. Okay. Go on. Okay. Best buying. Capital one. Capital Diamond Center.

Starting point is 00:53:48 Yeah, we're gonna get married, but I don't want to all the f***ed-a-witted on this shit. Pain, goddamn 256 on this shit. Pissing me off. Cut it's done. Stun. I'm gonna gift you three therapy sessions through Sondermind. Thank you. I use them, the audience use them. Please use them.

Starting point is 00:54:21 Guys, I just wanted to say an extra thank you for making simpler budget an incredibly popular app. I wasn't expecting it, but we literally get like thousands of downloads a day. And a lot of you are actually changing your financial future and we've been hearing from you. So thank you all for supporting us. We just wanted to continue to say thank you and give people the opportunity to try out the app. So we still have a two-week free trial in there for the premium version. And of course, everyone that signs up for an annual version, at least for this next quarter, we'll get a Founder's Edition, Simpler Budget Notebook, and it is signed by me, sent directly to you.

Starting point is 00:54:54 So that's a special thank you for putting your trust in us to create an amazing budgeting app. And let me tell you, the features that we're going to release throughout this next year are about to be crazy. I'm going to make this the best budgeting app that has ever existed. Seriously, download Simpler Budget Now. It's incredible. The time to take control of your finances is literally right now. Definitely going to I've been seeing Therapists lately too

Starting point is 00:55:16 Lately therapists multiple genealier therapists What are you doing? We've been discussing how much I really needed therapy in my life I never used it in my life until recently I was with therapy go ahead Yeah he's just trying to find the right one The last time trying it The last one I had

Starting point is 00:55:31 It wasn't really good fit He was getting high all the time He showed me his brass knuckles and I'm like I want to find a different therapist I swear to this is not a joke that actually I'm talking to the park I'm just concerned you went down a fucking alley

Starting point is 00:55:44 and no no nothing of the source saw dude without teeth and you're like let me talk to you no no no no didn't do that you know you just kind of ramble to people so I do I do I feel like maybe is this man allowed to go outside alone yeah he actually got his concealed carry

Starting point is 00:56:01 if I was ever going to be a situation where I need it I have it it's a beautiful thing it's a beautiful thing I'm very glad we have an security guard at these offices. Is that why he was so on? Okay. Yes, that is why. He whiffed you down on

Starting point is 00:56:23 everything. Okay. Very glad he started coming here today for the first time. I probably heard us on the phone. I get this fucking cycle out of here. You have to check his ass. $2,179. So here's $78

Starting point is 00:56:42 minutes of payment. What kind of phone did you give with this? The phone with the best buy again? Yes, the fun with the best. A Galaxy Note S7. set your phone? No, this is not my current phone. No, no phone. Yeah.

Starting point is 00:56:55 No, it's a gas station. Probably got some bullfuss. It's a little cheap for gas. Interest, of course, is accruing. We're sitting at 30% interest, right? On the best part? The producers are not entirely convinced that you are not his just legal caretaker, and we're putting on...

Starting point is 00:57:11 You're my wrangler. Do I get paid for that, or... I mean, legally, you signed... And then he's not allowed to know. It's kind of like a... Shaw not no Okay Kappa 1

Starting point is 00:57:26 What's this? His card Oh yeah That is my card there To be honest It was the exact same situation With the old credit one to have It's maxed out

Starting point is 00:57:35 Saw it on the mail I was like Oh my new credit card I was like oh my debt's already It was I'm trying to get credit card so I can use money And I got approved And maxed out ever since Okay

Starting point is 00:57:48 $35 minimum payment literally max out ever since. Yeah, purchases. You make a minimum of the payment, then you purchase. It goes over with the interest that hits. Seven years to pay off just a thousand dollars. That's fucking madness.

Starting point is 00:58:00 I don't know why. Why can't you just not fucking spend on this? This would have been paid off by now with how long you've been doing it. Why not just not fucking spend on this? I guess it was because I just constantly living to paycheck to a long time. But you weren't.

Starting point is 00:58:14 You were just being a dumb ass with your spending. It wasn't paycheck to paycheck. People misuse that term. Paycheck to paycheck is your necessities. paycheck to paycheck. You were spending hundreds of dollars, if not thousands of dollars a month, I'm fun. And you're like, if I can't do it with my paycheck, I'm paycheck to paycheck.

Starting point is 00:58:28 Poor me, wah, wah, wah. No? Caretaker, tell them what I mean. I mean, if I didn't have the money, this is my mindset back then. If I didn't have the money in my bank account, you know, all I need. Mindset back then, this just fucking happened. This just happened back then. This just happened back then.

Starting point is 00:58:45 Don't tell me back then. No, back then. It's for vapor and pike smokes. I got a dick. I'm an addiction. Yeah, no, you're a dick and addicted. I know. I take the compliment.

Starting point is 00:58:57 Mine's not that big. So if I'm a bigger. We're not surprised. No one's surprised. Is that true? No, kind of. I don't know. Well, his character's there shouldn't be seen it anyway.

Starting point is 00:59:12 This is an appropriate relationship. I've already had a talk with HR. Oh, my gosh. Okay. Okay. What is this international diamond center? Is this for a ring? That is exclusive, I can't spend anywhere else.

Starting point is 00:59:27 That is her ring and her wedding band that I got. Band? Yeah, wedding band. What are we talking about? Like, you need it for the wedding. So like an engagement ring and then a band around it for the wedding part? It's like the full set. I thought that was just the ring.

Starting point is 00:59:40 Sorry. No, it's like two separate things. The ring's the thing on top of it, the diamond and the band is what's around it? So if you see like the ring, there's like an attachment part on the bottom of it, that will complete it. Here's the engagement ring and stuff. And then you put like a band underneath it or above it. And that's the, uh,

Starting point is 00:59:59 the wedding part. Yeah. It's not. Yeah. It's a thing. Like we're not. Yeah. No,

Starting point is 01:00:04 it probably is. I'm probably, I don't know. I don't have it on because I'm not married yet. Okay. I'm probably legally, I think about it. My IQ is probably not that high enough.

Starting point is 01:00:13 I told you to get tested. You did. You actually actually had this conversation. That's not a joke. We had this conversation at my time. Her sister were looking at me. It's like, hey,

Starting point is 01:00:20 autistic. Like is he, does he have this? Mental deficiency. Autism is the least in my concern. We was like, maybe I should see a psychiatrist and take an IQ. Maybe I'm fucking Einstein, I just don't know it.

Starting point is 01:00:33 I'm going to unlock that. Are the opposite? You know? The opposite? Opposite of Einstein. People don't know about me, though. It's like, that was the guy who was the opposite of Einstein. Don't know.

Starting point is 01:00:45 Yeah. Brilliant. I got it. That's probably the smartest thing I've ever said. I'm in disbelief. Oh, my God. So when do I need to get? How does he survive?

Starting point is 01:01:00 How has he survived? Well, it's because of you, since you know each other since freshman year. Sorry. Usually when I meet people, they say that they will never forget me. They don't really go into detail, but I get that a lot. Jake typed room temperature IQ. It made me chuckle. More like Celsius, but yeah.

Starting point is 01:01:28 That's a smart joke. Because Celsius is a lot lower than Fahrenheit. Okay, no, no, no. I know. I see a lot. When we see a fucking, my, can I please talk about this credit card? Oh, my, fuck. $5,289 and $82.

Starting point is 01:01:45 $28, $28,000 of purchase. Oh, interest, interest. Fees. Fees. Fees. Fees. Do you pay, you fuck. Did you know he's laid on your fucking diamond?

Starting point is 01:01:55 Hey, throw that away. It's not even paying on it. It was one time. It was one time. I don't have proof of that because all I have is the first month of the year. I haven't seen last year. So, fuck you. I don't know.

Starting point is 01:02:06 When did you get this? Two years ago. So it's still $5,000 on and you got fees. Not paying it. Why aren't you paying it on time, fee? The two months I didn't have received my military benefits and stuff. That's when it was the late fee that was occurring. And I decided to do my car payment more than anything so that's not a...

Starting point is 01:02:24 How don't you go off the f*** that we've seen? What? What? Why was it late anyways? Because I've been sending you money. I thought I paid everything else that needed to be going. The wedding ban was $3,000. What's the rest?

Starting point is 01:02:43 The engagement ring. Was another like three? I think this one was around a $5,000 originally, I believe. Yeah, I got. Listen, for all the s put up, it's worth it. Like a few months salary? Yeah, you just financed it. I'm getting you like indigestion.

Starting point is 01:03:04 I'm yelling because you're a fucking cuck. That doesn't make sense. It doesn't need to be. I can live. Okay. He's reverting. He's reverting. Yeah.

Starting point is 01:03:19 He's reverting. Can you please like do something about this? Take a breath. Really? You have no ability. I'm working on it. I'm trying. Really?

Starting point is 01:03:30 This is what you do? This is how he's gotten here. Yeah. I'm not even joking. This is how he's gotten here. It gets worse with nerves. No one's told him to ever just shut the fuck up. They did.

Starting point is 01:03:40 I just didn't. Shut the fuck up. What is this? Collections Oh, it was an emergency medical associates. Yes. Is this when you hit your head at one? That's when I, one time, I got too high one time and it's hallucinating so much.

Starting point is 01:03:56 I went to the hospital. It was a bad time. Did you ever come back down? The next day. Went to a dispensary. I got my license of medicinal and tried at one time. We woke up in the ER. $695.

Starting point is 01:04:18 What is DFC? It's a Honda. It's a Honda. Yes, that's my car. It's a 9% interest rate. It's not even competing with the market. It's not too bad. It's fucking bad.

Starting point is 01:04:30 I mean, 9%. It's not that bad. It's bad. Just because it's not 25 doesn't mean it's a good interest rate and a depreciating asset. What's it worth? Well, first, we know you owe $33,649.47. Gosh, if people even made it this far in the episode, I'm very curious.

Starting point is 01:04:52 With the minimum monthly payment of, oh, my, can I say what the minimum monthly payment is? Yes. I don't know what it is. Tell me what it is. I believe it's $560 and 84 cents. What's it worth? I honestly couldn't tell you if I had a guess, probably. 25.

Starting point is 01:05:08 It's worth 25 if you're underwater by 8. Okay. What? So another thing originally why I got that car, my mom was a big supporter of me. It's like, you really need a new car. You need to do this. Yeah, she's an American. Every American thinks you should go get an expensive car, expensive car loan, blah, blah, 84 months.

Starting point is 01:05:24 This is the American way. She's been helping. I don't give you who said it. Huh? She is. Have a break. Have a Kit Kat. Helping per month, she's given us $200 to help with that car payment.

Starting point is 01:06:03 And she's been helping with that. Yeah, until how long? What's her health? What's her age? She, I think around 60. She just turned. Job situation? She doesn't work.

Starting point is 01:06:11 She's a fully disabled veteran. Yeah, so she has that. How's her health? then. She's doing good. She's good. She has muscle pains and stuff, but she's good, healthy. She's a fighter.

Starting point is 01:06:22 Okay, so I'm going to put 364s, what you want to. We're going to minus $200. So at least when we do our budgeting equation. Okay. Direct unsubsidized. So this is student loans. 5.5% interest rate. I know you couldn't complete a degree, so I'm assuming this is for you.

Starting point is 01:06:39 That actually is mine. Yeah, that's for him. I'm surprised. I mean too. I dropped out of high school and stuff. That makes more so. And then I realize, I want to pursue better things in my life. I want to get educated.

Starting point is 01:06:50 I want to achieve more. I always been working ever since I was 17 years old. Maybe I want more money, better jobs. So I'm going for my bachelor's in cybersecurity. Okay. When they said cybersecurity, are you sure that wasn't you just putting shapes through the right shape holes? You owe $6,296. I'll give you a course career certification because they have a lot of tech stuff too that can help boost the

Starting point is 01:07:14 boost your resume so we can get you a higher paying job. I was actually looking into a lot of IT certification. What's your minimum monthly payment on this? I'm not paying. It hasn't started yet. I'm still enrolled. You're still enrolled. Yes, I believe it ends around 2027.

Starting point is 01:07:34 The schooling? I believe it until that's when I get my bachelor's. Oh, you're going bachelor's in cybersecurity? Yes, I am. Dang. One of my best friends went to a cybersecurity boot camp no college or anything. He's making well over six figures. I was researching a lot of the certifications really helps with that.

Starting point is 01:07:51 Certifications. Yeah, comps, yeah, all that stuff. I mean, he started going because it was partially paid for by the VA benefits. Yeah, but that's done. It's still going. Oh, yeah, you get a monthly stipend. What do you get? It should be. Is it only during school semesters? Only doing school, yes.

Starting point is 01:08:12 Okay, how much? I think a roughly around 1,200 a month. What the fuck? How are you guys struggling? What a blessing. How are you guys fucking this up? That's the big part. How many semesters

Starting point is 01:08:23 in we in school or months are we in school a year? Total. Does it count winter break? I think that was the part I just learned about when it two months didn't happen. So I believe 10 months of the year. Okay. And then I also just started school.

Starting point is 01:08:40 So we're going to call it $1,000 a month. You just started school? Yeah, I dropped out of college. I did too. It's not the worst thing. Wait. Around the 3,000? Wait, whoa, wait.

Starting point is 01:08:52 How many student loans? Way, whoa, way. What's your student loan total? I think around like over 20,000. Oh, fuck. Oh, fuck. I thought that was just one. Oh, God.

Starting point is 01:09:04 You're boring a lot for something that gets $1,200 a month. My gosh. Citi loans $25,196. Okay, that's a lot. It's a damn good degree. What is this university thing? That one's mine. Why aren't you not paying $549?

Starting point is 01:09:30 dollars. I didn't have it. What's a four? That's for my first semester. What the fuck? Your fifth semester is $549.49. You're not even paying it? No, I pay. So it's broken down into half semesters. I paid for the first half of the semester.

Starting point is 01:09:49 This is the second half? That's the second half. So it's $1,000 a semester. Um, I have scholarships and whatnot. Oh, that's incredible. Pay it before they don't allow you to enroll in new semesters. Oh my gosh, guys. $500 you make.

Starting point is 01:10:04 You make $5,000 net a month plus $1,000 on average from the extra VA thing. $6,000 a month. Pay a $500 twice a semester thing. Oh my gosh. You spent the thousands more than you guys made, but it all went to bullshit instead of actually things that I could. Settle your debt. Set all your fucking debt. We have all your debt.

Starting point is 01:10:29 It should be. What? It should be all the debt. It should be. So that's all your debt? It should be, yes. 9663 and some, fucking Wells Fargo.

Starting point is 01:10:36 Whose? Yes. Okay. McDonald's. Good. Instead of, using our scholarship and bullshit and cash flow in school a little better or paying off any credit card,

Starting point is 01:10:48 keeping two credit cards max out for seven years. Good. Let's immediately go to fucking McDonald's. And title wave and KFC. And ATM to draw $103. A ATM transaction fee $3. Go in and get into bullshit. Go in and get into it's a bullshit.

Starting point is 01:11:01 jewelry advantage. I think that's your payment, right? Yes, that is my payment, correct. ATM would draw $800. What the fuck did that go? Where the fuck did that go? Is that a casino? Yeah, a casino.

Starting point is 01:11:15 That's where we went. You only need to win the one time. When you do the lottery, you need to win the one time. So he hasn't given up on the fucking bullshit. He hasn't given up on the fucking bullshit. He hasn't given up. He hasn't given up on the fucking bullshit. He's still doing that.

Starting point is 01:11:32 What do you think about this? You okay? with that, $800. Listen, two credit cards maxed out that he's refused to pay off for years for almost a fucking decade, a fucking decade. And he's going to 800. You have a wedding to pay for. You wanted to go to Japan. He's $800 of the fucking lottery. Your business failed doing the stupid lottery. And he's going to $800 right out of the bank going to the fucking lottery. You're okay with this? You're accepting this. You're okay with this. You're going to stay with a man that fucking does that. You're okay? Ricking on it. I mean, I don't.

Starting point is 01:11:59 No, you're fucking not. You are enabling. You're just quiet. You don't give a shit. We did. Or if you do, you just, it's so fucking stupid. We went together, but he lost, he, you brought more to lose. I did, yes. So. It was a fun time. What a moronic fucking episode.

Starting point is 01:12:21 Dunkin' Donuts, Dunkin' Donuts, PlayStation Network. Go in and getting some bullshit Amazon. You go to the fucking Einstein place again. What is this? I funny meme. My funny meme. My funny meme. My funny meme.

Starting point is 01:12:30 My funny meme. You're paying for that? What the fuck is it? Sometimes when I funny, great platform. I don't know what it is, Tommy. It's like Instagram, uh, memes and posts like a social media that's what you're paying for it? Sometimes when you see a banger of a post, you do a little charity. Oh, charity.

Starting point is 01:12:49 Absolutely. Oh, charity. You're charity. You do it. You do it. You have a wedding to pay for you. Charity. 99 cents a million times.

Starting point is 01:13:04 You cut. What the f f f f-you think you're doing? PlayStation Network, PlayStation Network, screen purchase. What a joke. Hundreds, thousands, because of the fucking casino, down the drain,

Starting point is 01:13:16 all for fucking bullshit. This is so dumb. This is so fucking dumb. This is so fucking dumb. I'm, I have, I have zero hope after that checking account. You have lost your pain, faking memes.

Starting point is 01:13:35 You're in time. entire life is a meme, entire joke. You're dragging her down and she's just accepting it. And who knows why? That's an equation. We'll never be able to figure out by the end of this conversation. I'll tell you that. Fuck me.

Starting point is 01:13:52 But there is a hope and savings. You're doing so well. You're going to be such a supportive husband. I am. Who's the chance? Shut the fuck. Who's the $18 in Chase? Ha!

Starting point is 01:14:03 Oh, Chase. How many of you guys lost at the casino recently? Just how much. I know I brought I lost 2000 I probably lost like 500 um actually when I

Starting point is 01:14:18 right lot of tickets so probably 3,000 yeah no my I mean he wins sometimes he does he doesn't make it back not not not not yet

Starting point is 01:14:32 I'm gonna like actually I'm okay okay don't end it Don't end it. Oh, you have no fucking idea that I want to end it. I think it's good. You can keep it going. You don't have this. What is good? Good that I'm hearing all this and digesting and listening to me. I have hope.

Starting point is 01:14:57 God. God. I mean, it was only like $100 or $200 a month on lot of tickets. Because you got to like play to win. You don't do it anymore, really. I haven't done it recently now. Yeah. Do I have to film a fucking poach out with these kids?

Starting point is 01:15:25 I want him gone! I came to meet you, man. Shut the f***. I don't care. I don't care. I'm sorry. Listen, if we met in public, I'm sure it would have been great. It was been a pleasant five seconds of both of our times.

Starting point is 01:15:44 Oh, this is not pleasant. We've been together way too long, and I do not vibe with your personality. I do not vibe with your personality. I do not. Okay, okay, okay. I'm doing the thing. I don't know if you guys ever do this. I don't know if you guys ever do this out there in the audience.

Starting point is 01:15:59 I don't think you guys have. Choice hotels get you more of what you value. Here's a little tune to help you remember. Same drive, different day. Don't you wish you were getting away? Pack your bags and come on through. Texas, Ohio, Alaska, we're up there too. Comfort Inn.

Starting point is 01:16:16 It's calling your name. Save on the stay. Oh. And free waffles are yours to claim. Well, I hope you like my little song. at sourceville tales.com. I'm doing the thing where it's like kind of before having a rip off a bandaid or like as a kid when you're taking the little shot of the nasty medicine or something like before you get

Starting point is 01:16:40 a shot. I'm doing the thing where I'm just kind of like closing off and I'm just hoping this like goes away but it's not. So I just need to go through with this and think. I can just finish this bull. I just need to finish this bull. Is this your checking account $41? Yeah.

Starting point is 01:16:53 Chase? Okay. Good. ATM. Let's try. Well done. Probably casino. Probably casino.

Starting point is 01:17:06 Oh, $7005.000. I had a check of savings account. Oddly surprising. 400. Oh, well, that's a total, isn't it? Wait for it. What, 1,700. Huh?

Starting point is 01:17:22 Sorry. There were multiple savings accounts. Just various goals, low amounts. That was the ad. I probably added up to about $1,500. Okay. Robin Hood, $1,700. What's it invested in?

Starting point is 01:17:37 Our grand retirement plan. Mostly S&P. It's not mine, so I don't know. I mean, there were some bad investments. In the past, yeah. Your worst investment was fucking sticking with him. We do love each other. We treat each other good.

Starting point is 01:18:22 I'm contemplating whether or not just to fucking move on to the post show for my own sanity or to make a budget. You could just use the budget in that. I really need to make a budget. I don't know. Do I have to? Okay, Lindsay's saying, yes, but I am the boss.

Starting point is 01:18:38 So that is the good thing about this. I said I can skip the last few statements. I went through every statement. I'm done. I want to. I'm not even looking at him.

Starting point is 01:18:53 I want him. He's not. Shh, shh, shh, shh, no. Okay. Okay. I might need a fresh budget. And I believe I've thrown my calculator. I think the calculator's gone.

Starting point is 01:19:46 Congratulations. You're one of those guys. What's one of those guests? Sh. $1,230.20. This is all you'll forever be known. What a fucking thing would be proud of. $6,000.

Starting point is 01:20:03 What's your rent? $1,800. Okay. Utilities? I believe it's 80. Spectrum. Oh, wait. Yeah, what's water?

Starting point is 01:20:18 Water should be 40. Electric is 150. In and out? I believe that is, I think, 40 or... Renters insurance? 12. Gas, room, room, drive, drive. The car gas that you drive.

Starting point is 01:20:36 I think 50 for me. I don't drive much. Mine probably has to be around 65 a month. 116. Car insurance for both. $450. Phone bill. Actually,

Starting point is 01:20:54 We don't have a phone bill. Good. Our father is... That's it. That's it. Don't need a life story. $600 for food. Use the cookbook.

Starting point is 01:21:06 All right. It comes with the premium version of the app. TPP find anything else to survive. $200, medical or health care. I saw some medical things. How much on a monthly basis? $350 or $400? No subscriptions.

Starting point is 01:21:22 Do you have any pets? Yeah, we have two cats. Ages and health. one is two years old one is 10 okay for the two year olds we're getting pet insurance

Starting point is 01:21:35 we're going to put 40 bucks in we have pet insurance how much is it 50 total it was actually thanks to your show that we actually got pen insurance cat food

Starting point is 01:21:44 um is that like 40 a month yeah I think 30 or 40 anything else that needs to be in the budget I don't think so I don't think so congratulations you guys have a leftover of 900 hours on a monthly basis and we're spending even more than that takes 106 months to pay off your guys's debt

Starting point is 01:22:11 without any additional debt accumulating that's 8.8 years you're not going to do anything so I'm not doing your recommendations but I did my fucking obligation I am done sorry okay finish your college? Yes. Get back. You're going into a high, high paying career field that will help pay this off quicker. That will help you, are you cutting down on work to go to college? No, I'm doing overtime.

Starting point is 01:22:50 Okay. Cash full of this as much as possible. Get through college, then grind out this debt, then get the fully funded emergency fund. We could probably, college, you have a couple years left. College you have, how much left? Year and a half? Okay. So we could probably finish that up. You're about two years for college as well.

Starting point is 01:23:04 Very good. And then I think with those higher incomes going into the field, probably four years, four years after that. So four, five, six. I think we could do this in six years pay off all debt, get a fully funded emergency fund this call seven years. I think you're going to heavily focus on minimum life expenses and paying down high interest debt. Well, we can borrow it at lower interest for school until then. And then once you're done to school, higher income jobs, and pay off the debt, get the fully funded emergency fund. I think it's a seven year process, including the school.

Starting point is 01:23:31 Sending a budget, zero out of ten. That's everything you need to survive. What am I saying? It's not a thing to be proud of. Zero out of ten because you overspent dramatically. You have collections, so zero out of ten. Debt Score, emergency fund. Two out of ten making a little way retirement.

Starting point is 01:23:50 That's a little... The Robin Hood's a fucking joke. One out of ten. Real estate, zero out of ten. Your financial score, one out of ten. Join us in the post show. Who knows? Maybe I'll kill yourself.

Starting point is 01:24:05 Maybe I won't. Let's find out. The elite version has thousands of hours of extra content. Happy content. Much better content. Content where I don't order it.

Financial Audit - The Biggest Losers In Financial Audit History

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