Financial Audit - This One Will Make You Outraged | Financial Audit

Episode Date: October 7, 2024

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To watch episodes of Financial Audit a week earlier, check us out on YouTube. This weird mixing business and family. I do set boundaries. No. But families are. Family gets emotional. Part of the reason they moved out is because they were hidden in fights about who's working more, how many hours they're getting, blah, blah, blah. Great.

I blame my sister personally. What? Those are two completely different things. Hi, my name is Amelia. I'm 26. Hi, I'm Spencer. I'm 27. We are from Brander, Minnesota.

And this is financial audit. Oh, Minnesota. Yes. I love it. Philo Midwesterners. Thanks for coming down. What do we do for a living up there? Let's start with you, Amelia.

I am a stay-at-home mom. Oh, yeah, okay. Not a lot of income comes in from that, but there are definitely important duties. So, okay, I'm assuming then we're married. Yep. Yes. We have one kid. Age?

She's about to be sick. Okay, very cool. So six year old. So she's in elementary school. I homeschool her actually. Oh, okay. So how much are you bringing in breadwinner? Depends on how many days I work a week. Between 8 to 1,000 a week. 800 to 1,000 a week. Okay. What's the job? I own a business. I do third party delivery. Okay, like Amazon third party, like last mile stuff? Nah, appliance delivery. I was doing some Amazon delivery for a while.

And you own the business? So you can't contract out to the companies? Yeah, I can. Oh, wonderful. Okay. And are these pretty consistent clients? So I work, so the third party company I, third party through, they give me everything every day.

And then they set up my routes, everything else like that. I have my guys work out. And then we go from there. You have guys. Yeah. How many employees do you have? five including me six there's an extra guy but max max max max you make 52,000 hours a year that's without the business aspect of it yes that's what he pays himself yes what's without

the business well yes afterwards yeah so are there too many miles for you to run like why do we have these if you're only bringing in 52 which there's nothing wrong with 52 but if 52 is what you're walking away with, are you working as hard as you can before I'm getting vibes of no over here? He has not been working very many days lately. So this is the slowdown month and then we just started picking back up again. So my main option is giving my guys about the same amount of days as I'm working too, so they don't quit.

I think he's the boss. He should work the most amount of days. It's his company. If he needs the money. Well, okay. I mean, I get it to a certain. extent, if this, you know, business started going downhill, like everyone would get paid before me in the end.

Right. When times are good, you give more. When times you're better, they get like, I think that he should work the days that he needs. Which means they would be getting nothing, though. And they might. So I do kind of get it to a certain extent, but also at the same time, how frequent is this? Because do we need this many people? Um, so I have two trucks, two guys, a truck.

So then I have, do you own the trucks? No, I'm renting. them. I plan on owning my own, so then we can actually make more money through it. You're blushing. Yeah, this is just my natural red sheets. Oh, okay. He's always red. Yeah. Oh, okay. Okay. That you're nervous and you're going to flirt with me or something. Okay. Okay. So, sorry, go on. So I, some people only want to work three to four days a week. Some people want to work to six days a week. So it's just for me to alter. Do you need them all? Kind of? Well, if somebody needs a day off, then,

then he's going to be in person. Five including me. So he has one extra guy. Yeah, I have one extra guy. So that's if the other people need days off. I have a cover. So then my trucks can still. And what are you doing?

I'm working every day that I can do. What's your work? I do the same thing they do. I'm out there doing the same work. Okay, how much are you paying them? Same amount I get paid. Does that make sense? Well, he's doing the same work.

So I yeah but you started the business at the same time. Well he, I mean, it's okay if you do. I'm just trying to figure out the- He does use money out of the company. Um, if we like need groceries or something,

he'll pull it out of the company. Well, that's the thing is you guys have debt to pay. Yeah. I'm just trying to prioritize. So I was doing this a little bit before I started doing my own business type thing. Before that, I was getting way less days,

wasn't making any money. So then I started the business aspect of it. So our work is basically what to set pay amount I give them. And I, feel like it's unfair if I pay myself more? Unfair? I mean, that's an interesting question. You did start the business. You took on risk by getting the vehicles. So, I mean, there are different aspects of it.

But I'm not against equal either. I mean, you do whatever you want. It's your business. Literally, it's up to you and the market will decide the workers whether or not they stay or leave. Him using like any extra money if we need it. He pulls it out of his business account. I don't like to. I like to have it separately from what we. I'm just concerned about the debt. Okay.

So where are we today? What is going on here? Because we do have debt. Sounds like a consistently inconsistent income because it was 800 to a thousand a week. So I mean, it can fluctuate pretty far. And so that's why like we. Well, pretty far. That's only $200.

Am I getting the full picture then? Well, he can go anywhere like this week he worked three days, which is $600. But then he can work other weeks where it's six days and that's $1,200. Yeah. And so it's hard to put an average on a number like that. How much did you make last year? With the business part, 60. And that was just six months.

Okay. So that's more. Without the business part of the income added in, me and myself, I only make around the 52. But with the business, it's around 120. Oh, oh. So after all expenses? After all expenses, without any expensive, it's around half a million.

but with all the expenses of anything. So how much is hitting your account on a monthly basis on average, hitting your checking account pulled from the business, distributions, and pay? On average. What is your business set up? Is this escorped? I'm 1099 and then my employer. Through your business?

Yeah, but what's your business setup as? LLC. Then you contract yourself? So I'm contracted to the company I work for. And then my guys that work for me are also 1099. So there. That means everything you're. taking from your company, though, if you're distributing it are probably distributions and not

I don't know. Is it going through? We'll figure it out. I have an accountant and they help me figure everything else. Sure. I would say, on average, most weeks, he brings home $1,000. Yeah. Out of his paycheck.

Just paycheck. Just paycheck. A thousand dollars. Paycheck. What I pay myself. I don't Yeah which is probably just distributions In the company

But it is you're also 1099 from the So like during tax season That would be like His paycheck Is $1,000 a week on average No I understand that I understand that I file my taxes with the business

How much came in last month? Huh? Uh Indoor checking Which one? Yes Including transfers from the business Checking into personal

So this all goes into personal. Maybe like four or five. So you're double her. Why? Why are we not together in any way whatsoever? Do we budget together? Are you informed to your finances in any way? You didn't work that much last month.

Are you guys together in the finances? Do we know the finances? Are we, do we discuss finances? Are we a partnership in the finances? We are a partnership in the finances. But some of it is I am a person that is, if I don't know what our finances are, I'm not stressed about it. And so he runs the finances and tells me what I can and can't buy.

If that may, like if I want to go get something, I can ask him, hey, can I go buy this? And he'll say, I don't have the money for that or I do. I let her know, like, we can afford that. We can't afford that. What do you define us afford? Do you guys have debt? We do have debt.

Yeah. Do you guys know how much that you have? Yes. Both of you together? Yes. Both of us together, I would assume that with the cars, it would be like. Yeah. What's your total debt?

debt. It would be like $55,000 with the cars. Yeah, around there with the cars. Okay, 61. So we don't know our total debt. Yeah. Wonderful. Okay. And what came in? $2,500. We had transferred from business checking $3,664. Okay. We setting money aside for taxes properly. No, because we have a previous year tax bill of $8,000 that we haven't touched. Yes. So the beginning of this year, slowdown. So everything I did have saved up for it kind of went back into the business aspect. I know we can't hear. Man, I would love to just follow your business for a couple weeks. I just really wonder if we're using everyone effectively. Because when we have these slowdown periods, it's just, it's boning you. Well, it's very hard when you have a truck off. And so he, because he rents his trucks, what is that, like 3,000 a week? 860 a week per truck. So around 7.000.

$1,200 a week. So if one truck doesn't go out, he's still paying on it. Yeah, it's a set. Why haven't we invested into purchasing or getting a loan on a truck? I need even. Apparently, I need 20% down for a commercial vehicle. Okay. Why haven't?

You don't not make money. I know. Right. Why haven't we? That wasn't an answer? I'm going to. Champion of hurling grass and pollen everywhere. And in the blue corner, the challenger, extra strength,

Hatterday. Eye drops and work all day to prevent the release of histamines that cause itchy allergy eyes. And the winner by knockout is Hatternay. Padiddy. Bring it on. Be really honest, when we have a lump sum of money, it doesn't last long. Why? A lot of it's me. I'll be honest.

I'm a spender. I thought you said you only spent when he says you're allowed to spend. And he says I'm allowed to spend it. Why are you saying she's a lot to spend it if she's not allowed to spend it because we don't have any money to spend? I feel bad most of the time because she's at home constantly. She doesn't really don't be. She doesn't have to be.

Send the little shit to school. Well, okay. And then leave the house and roll around in the snow. I cannot send her to school. Go on. I have something. It's called a metapobia. and I have OCD from that.

I'm going to need a little explanation on something I've never heard of. A metaphobia, I'm, my number one fear ever is puke. I can't do anything. Good. So if she's not there, you won't see her puke. But if I send her to school, she's going to get sick. And that's like, I have, okay, so I have OCD. And so like, even if it doesn't happen, my brain says it's going to. Okay, I understand.

Oh, hold on. Hold on. Okay. Sorry. I'm vaccine parenting. I'm sure it's obnoxious. Well, at least let me say this. You can, I understand homeschooling for whatever reasons in terms of this is what you want

them to learn and focus on, believe all that stuff, you know, whatever. Okay, that's how a culture works. But to take them away from social interactions in general under the fear that they might get sick, Does that seem fair?

Because she's not going to school, but is she still getting social interactions? Yes. Okay, then she can go to school then, because it's going to be the same thing. I don't want to show up to college and never met a human. I want to share a message from today's sponsor, Melio. If you're a business owner like myself or the guests on today's episode, then you've probably worked with vendors who don't accept credit cards as payment. And, yeah, that can be a major headache.

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so you can focus on your business and don't have to input your transactions into your accounting software manually. Melio also has a special promo for iOS users for new users who download the app. So click download now and leave your email for you to receive a $100 discount on fees when you pay using your card. And thanks again to Melio for sponsoring this episode. Well, I mean, she does like gymnastics and, you know, some sports. And what you can get it? Listen, I'm not saying this would be great.

I'm saying this would be great. But, you know, just to give them a little more. Yeah. What if they get sick? Just go to a hotel for a weekend. And dad will be sick. He can't. He can't take work off.

That's part of the problem. I mean, you have so many people. He cannot. If his route gets dropped, it's like an $800 fee. But other people can cover that route, yeah? I don't like not having to work unless I absolutely have to. Listen, I'm just trying to find a solution. Yeah.

Everything's a no, no, no. I've talked to him about it before because I have very bad panic attacks. I mean, even my mom has offered, like, if she were to get sick, like, she'll go pick her up. There you go. So go do that. But I'm afraid that she's not going to be available. And then she's going to be like, well, you're going to just have to go get her, be a mom. I mean, no offense. I mean, I'm just going to say this.

My panic disorder holds me back. That sucks for me. But if my panic disorder held back a loved one and living in their life, that's not acceptable. I don't get that choice in control. I don't think you should either. No, yeah. I've thought about this a lot. I don't think it's time for any more thinking.

I think it's time to bye-bye, kid, go leave the house. It's just, this is something needs to be taken. And also, the longer you put this off, the same with me getting on a plane, the longer you put it off the harder it's going to be. You're never even going to allow them to leave the house in middle school if we're continuing, if we're this far, dug deep at six.

Right now, I don't leave the house in the winter. I try not to. At any point, if I need to leave the house, it's going to be a panic attack. And the kid? She has shown, like, symptoms of being afraid of germs. Well, probably because of you. Yeah.

It does break my heart. That's, this, I don't think we could allow this. Yeah. What do you think about this? I'm sorry that we haven't gotten into finances, but this is. My mom thinks it's ridiculous. We're not like, she's not mean about it, but it is. I understand the panic disorder.

And I understand your things that you have to work on. her back. You are holding her back. It's not a feel. Right. You're already getting her into a phobia. That's what I'm afraid of. Yes. Yes. I'm afraid that she's going to have my phobia. And it's so hard to live with. Like, I do not want her to have that. You're saying that, but you are causing it. So just stop. When you get home, I'm sorry. I know. I know. I know. I know. And I've, I've heard it before and it sucks. But yeah, what do you think about this, dude? I try to help her not be that much panic you. Well, that's not going to happen.

It's really not. I know. It's more she needs to work on coping mechanisms and go through therapy aggressively, essentially. But even still, regardless of your feelings, you can't just hold someone back. That's what I want your opinion on. Your kid's not leaving the house and they're developing a phobia at six because of this. What do you think, dude? Well, it's smart for her to wash her hands and stuff after one of the bathroom.

Who the f***ed said it wasn't? What are you talking about? I think there's the difference between leaving the house and washing hands. Well, we do leave the house. I leave the house doesn't mean I wipe my ass with my hands and rub it places. Right. No, she, the things that I'm seeing are like, she would, you know, she has to wash her hands. She has to do this, which, like, isn't bad at the moment.

But in a six-year-old to, right. It can become compulsive. And that's what I've heard also, yes. And so, like, I have talked to him about it. What's the solution? What the fuck are we doing, guys? This is insane. Right.

I would, I have always wanted to. Where were we even going to talk about this? This isn't even on the list, is it? No, probably not. Yeah. Well, I knew that it was probably going to come up once it was send her. I knew somebody was going to say send her to school. You know what I mean?

Like, because my mom says that. Again, I'm okay with homes. It's not necessarily... Yeah, she is pretty far ahead, but I'm worried about her social ability. Yes, okay. You said she goes out and does stuff. What is that? She has gymnastics.

She's going to get sick during that as well. She wears a mask. You make her? I make her wear a mask, yes. Oh, please, please, please. We wear a mask if we're like in the cities. In the cities? Yeah, like no matter what time of the year it is.

Like she's wearing a mask if we're in a large crowd of people. If she was immune compromised, I would understand. If it was a middle of a pandemic, I would understand. Right, but it's not anymore. You're just like, I don't want to see her throw up. Yeah. I'm going to force her to hold on. This isn't, no, she will literally start to be like judged by other people and isolated.

Well, I feel so bad. She's not here, is she? No. I feel so bad for her. Wait, how did you get here? On a plane. Was this a big step for you? Yeah.

Yeah, we wore masks. You know it's not winter. It sounds crazy. We wore masks and I wiped down our plane seats. What about this? I'm fine like this, but it's like the large groups of people that I'm afraid of. Like planes are really scared. Like I get really scared on planes, especially because of the feeling people throw up.

I had headphones in. If I don't hear it, it's not happening. I'm just trying for what the fuck this isn't. It's just not fair to her. You can't do this. You can not push your issues under her. No. And like there's,

I don't think there's anything wrong with like being cautious of, you know, like touching your mouth and face and public and stuff. But I know that I take it a step further. I'll step. During COVID is a lot worse. COVID is a heightened. Oh, so she was actually in daycare.

I was working. I was a single mom. Oh. And she. Not biologically yours? I. adopted our daughter. Yeah, he adopted. That's wonderful.

That's beautiful. Okay. So, I mean, I had the fear then, but I didn't think about it all the time until it happened while she was in daycare. Like she got sick while she was in daycare. And then I was fine after. But then COVID hit. And I had to stop working because daycare wasn't open. And I never went back because we met, we got married and now I'm a stay-at-home mom. And so I know that I'm digging a hole deeper in my OCD by... You're making it worse because you're just not confronted in any way. Right.

And I've done the same for mine, but again, I'm not forcing anyone else to do anything because of it. Right. You can't do this. You can't do this. I don't know. What's the solution, guys? Because we need to move on from this and go to the finances, but what is the solution?

Because I feel so bad for her, and this is not okay. It would either be able to have him on call to leave work. or I would be able to ask my mom to like if she ever does get sick to come get her to pick her up from school. If you don't allow your kid to go outside without being completely separated by everyone with a, again, again, if something's like raging across the world, I get, you know, that's not bad. It's just the you're separating her from everyone essentially. Right. You're making it hard for them to read her face and just have those human interactions. Right. And you're not allowing her to go to school.

again, if there was a different reason, okay. But, like, I will personally come up there and vomit on your face. If you do not, like, allow her to just leave the house. We do. Okay, okay, there is one more thing that I want to bring up. Part of the reason she is homeschooled, and it is not the only reason is my OCD. She's online homeschooled. She's online homeschooled.

I'm just talking social interactions. Yes, but she is very far ahead. She can read books. Yeah, maybe she'll skip a grade. Like, that's great. Right. She can not enter the workforce. She cannot enter college.

I don't want her to end up like me. She goes outside and it's 25 and we've cured every illness in the world or something. But yet she is just like, like, I'm wearing a hazmat suit everywhere. We go to the grocery store or we bring her to the movies or bowling. We don't put the mask on. And why gymnastics? Because it's full of kids. You should see the kids that we see.

No, they're discussing. Kids are gross. Kids are gross in general. Right. Now, legitimately, guys, I believe that you, everyone in your life, everyone around us can actually take control of their financial future and make their lives better. And we've spent over a year here creating tools to help make those goals of reality. Right now, our budgeting program and investing program are bundled together at a 15% discount. And you get $100 in cash gifted to you right into your Mumu account.

There's honestly no time like the president to actually take control of your future. Don't wait. Don't let this opportunity pass you. But also, you know, let them have an immune system at the same time. That, right. No, I know. Okay, I'm going to move on. But you need to work on that, please, ASAP, because that is unfair to her and her development.

We've talked about doing the therapy-wise, but with- You haven't done therapy? I don't have insurance. That's what I was about to get. Why don't you have insurance? We make too much to get help, and we don't make enough to pay for it every month. Yes, you probably do. How much do you think you spent?

A lot. Uh-oh. last month probably 4,000 at least. Yeah, somewhere around there probably. $6,462. Is that width? No, it's not. Nope.

We didn't calculate business expenses into here. Does that calculate the credit cards? Yeah, it's spending. Is it not spending? Okay. So the one card, that one is, I use it for business only. Right, Jake, it wasn't Costco card, right? This isn't.

Nope, Costco card wasn't included. Your bad card, your little bad card. Your little bad card wasn't included. We did not include that. I'm going to call you out on this Costco. You don't only use it for work. There's occasions that we use it. We separated work, dude.

This is literally personal spending with $6,462. I don't know what. Well, I can tell you what. First of all, don't have any money left over. We could at least get a low-cost basic health insurance for how much you go out to eat. We didn't go out that off in last month. It adds up.

Well, you basically spent $250. It could have been worse. It doesn't matter. You don't have half. health insurance, so I don't want to hear that. Right. And you have a kid. I don't want you to, like, not be able to go through.

You can't get therapy and your bitch. She has health insurance. Don't worry. No, you don't. Okay. And you aren't the parents. Right. Miscellaneous.

Could be video games, could be whatever. It's just stuff that doesn't matter. 300. USAA knows dynamic duos can save the day, like superheroes and sidekicks or auto and home insurance. With USAA, you can bundle your auto and home and save up to 10%. Tap the banner to learn more and get a quote at usaa.com slash bundle. Restrictions apply. $24.

Add that together. We could have got another low-cost plan. Oh, kidoks. So I don't know what the fuck you guys are talking about. Your phone bill that definitely does not need to be the price it is. The price that it is. So I have my family. They both jumped out of their seat for this one.

Okay. How much do they pay? Okay, they pay it. My dad pays 100. My brother pays 100. My mom pays for her iPad. We pay it. Your dad pays for a line.

Yeah. We pay about $200 a month. I'm going to say $3,2, 1, and then on go, 3, 2, 1 go. I want you guys to both at the same time give me your household financial score. Zero being the worst possible, 10 being the best possible. 3, 2, 1. 5. Okay, so we're separate by a lot.

Why do you think it's middle of the road, solid? Because we pay our bills. You don't have health insurance. Our bills are paid. that need to be paid. I know that we don't have... You spent $2,000 more than you brought in. Before setting inside money for taxes.

Most of that is the extra money from my family members that have stuff with me. What? Some of it. Some of it that you see coming in. Not all that. Some of it that you see coming in, yeah,

we're like people paying us to pay their bills. And you still spend $2,000 more than came in. I'm confused. Yeah. Also. Yeah. Why are you guys so disconnected? Why do you think she thinks it's middle of the road and you think it's so bad?

Well, I know I do agree with her on that. Our bills are paid, but the extra money we do always get, we just spend. Well, also, I don't know our full financial situation. Why? Ignorance is bliss. Why don't you tell her? I do. I know on occasion I do write up like all of our debt and bills that we have and then I

add it up so then we get, we did have a budget before. did stick to it for a little while and it kind of went downhill. Yeah, we've done a zero dollar budget, but now that his company is so switchy, it's hard to do a zero dollar budget because we might have an extra 200 here or 200 less here. I need you guys to go through our budgeting educational plan together. Go through it, take the quizzes, do everything.

Do the investing one as well. Eventually you guys will be ready for that and it would be helpful. Yeah, I try to do that. Can't figure that out. the class? Into the investing, just in general. Oh,

we'll go through the investing class. Plus you guys get $100 anyway for free because of it. So do people who get signed up, by the way. So link in the description below. And if you watch your hammer financial score, it's there link in the description below

and you can come on this show at Calebhammer.com slash apply. Come visit us in Austin, Texas. Let's jump into these finances. It's been a lot of talk, but it's time to get real. Target. Yeah, I blame my...

Why is it so high? sister portionally for that one. Sister, you're a credit card, your sister? What the fuck are you talking about? She brought me to Target over and over again. It's my own doing. Yeah. Huh?

It's my own doing. What does this mean? What do you mean she brought you to Target over and over again? She kept asking me to go to Target and I had a target credit card. And I didn't have any willpower. And I just bought what I saw. So while you're just walking through the aisles of Target? Yes.

We haven't used it since that debacle happened. The debacle? Wait, what's the debacle? I racked that up in a month. Yeah. I applied for the credit card. Did you go all the way to the limit? 2000, yeah.

When? A year and a half ago. Why is it taking so long to pay off? Guys, what are we doing? Why are we only doing the minimum of the payment? It's going to take seven more years to pay off. I keep forgetting that card exists half the time. Well, I don't think we're allowed to forget that the card exists half the time.

Not anymore. Not ever. I don't know. What do you mean? You have a kid. Probably want to send them to. college. Okay.

So I think part of that issue is that it's always due on the second and we have rent. Put it out of, auto pay. I don't give a shit. We always, yeah, we always forget about it. 10.

$85 cents of interest is accruing. That explains why it's not really getting paid off. No. Yeah, we've been paying it off for like a year and half. Do you want to, are you going to get a job again? Are you able to?

Like, if we get them to school, are you able to go and interact with people? Yeah. For the most part, it's definitely like a learning curve. I did get a job. It's only 10% interest rate on this card. For a credit card, it's still horrible.

But for a credit card, it's surprisingly low. I have had a job. And then I ended in a panic attack when they had me clean the bathrooms. And I quit. So, okay, so that was like a retail type job. Yeah, it was a gas station. But bathroom because there might be vom? Just germs in general.

So like my OCD stemmed from a metaphobia, but it's really contamination OCD. I hope you didn't touch Claire. She's infected with cooties. But before that, she did have a job for a few months. Yeah, I did. I worked at Costco one time. You guys love Costco. We'll go there.

Okay. It's not perfect, but maybe we could help. Okay. Maybe there was like a work from home call center type job. Yeah. Customer service, I think course careers has a certification customer service. I think you go through their like quiz that helps you find the right certification for you. Go through that.

Pick one and we can gift it to you for free. I can boost your resume. Maybe you can work from home once your kids gone. But I also don't want to fully enable you not leaving the house. No, like I am fine with leaving the house myself. I don't touch my face. What if you've got to take a massive shit in the middle of public? I do it.

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It will, even though you wash your hands. Well, I feel like it's like on me, on my arms and on my shirt. Okay. But you're okay wiping. It's my own. Ah, clean poop. Menards. I miss the Menards.

We don't got them down here. We have a Menards Capital One card. I've never seen a Menards card, but I guess it makes sense. Every store has a card. So what are we doing? What are we building? We building like sheds? Like, what are we having a huge?

Minard's card. Getting of this year, when I was doing Amazon, I needed a pallet jack. Kind of put it on that one, which is half that. I did put it on that one, which was about half what that balance is. Okay. And the other half? I'm on probably random stuff. Fun fact takes another seven years to pay off.

$39 minute with the payment. $18, $4 cents of interest accruing on a monthly basis. Before this, I did have my own capital one, just a normal capital one. We paid that one off. We were doing the- When? When? Three months ago. The rainfall.

Whatever. The snowball. Yes. Thank you. No, I like the rainfall. Oh, okay. So. Yep, that's when we were going to start putting it towards those cards.

But when? When did you pay that? Three months ago. Then what happened? Why haven't we started to accelerate? That was when I, I started working one day less and then that's, we stopped the budgeting.

We had a budget and we just, we moved and then it never went back up. No, it was. So my brother lives with us currently. Before that, brother, that one? Yes. Before that,

I had my brother-in-law and sister living with us and they moved out. So for that two months, we were paying everything on her own. So that's kind of what happened with that. Everything just went down. Yeah. We didn't make enough to pay our bills when we lived alone. Extra amount of our bills.

We paid the bills. So your brother's your roommate then? Yes. Okay. How much of the bills does he help pay? He pays $600 for rent, and that's what the utilities. He pays, he's buying the car from me soon. He pays for the car itself and the insurance itself on it.

Okay. We can unmute his mic for a second. what do you do for a living? I work for my brother as well. Are you guys just like twins? What is happening? You guys are just like on each other. My brother-in-law that was living with us at the time too also works for me.

What? Yes. Why? It's weird mixing business and family. I also have one of my friends work for me too, but they all know. Friends is a little better if you separate boundaries, but family gets... I do set boundaries. You have a family is hard.

Family gets emotional. It can. You haven't had something that happened yet. I haven't had it. What has happened? Part of the reason they moved out is because they were spending too much time together, him and his brother-in-law. They were spending way too much time together.

We got in fission? Oh, no. They were getting in fights about who's working more, how many hours they're getting, blah, blah, blah. Great. No, it was mostly our kid running upstairs all the time. What? Those are two completely different things.

I think that was an excuse for them. They were talking about how loud it was upstairs all the time. But I think it was because right after that he quit and you hired him back. He didn't quit. He was looking for a better job, apparently. But then he redacted his two weeks that he gave me. And you said this is brother-in-law, so it's your brother. No.

No, my sister's fiancé. Yes. Okay. Okay. This family is intertwined. It's weird. It's complicated. Very.

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This one's at 30. A lot of people are right. I'm going to be honest. I didn't know that. And how loud was the house, Mr. Ryan? I'm sorry, what? Did you live there too? He does live there now.

Oh, yeah. How loud is it? I don't really notice it that much, to be honest. It's every now and then. Maybe it was a excuse. I mean, kids are loud. They're stinky. They're nasty, but I get it.

I kind of just like ignore it. Yeah. Well, I think because he quit, like literally, he was put in his two-week notice like a week after he moved out. No, it was like a couple months after. I think he was afraid to live there and quit. No, so. Okay. I'm going to, I can't explain it on.

Yeah. The real reasoning behind everything. Guys! Guys, you have deferred interest of a promotional balance that expires in three weeks. What is that? Wait, what is that? You had a 0% interest thing that you took off a purchase of $500. It's probably your, like a little tool.

And guess what? The deferred interest, $61 is about to hit. It's about to slam this card. It's about to go up. $61 of built up interest that you wouldn't have to pay if you paid it off a time. If you paid it off in three weeks, you would not have to pay that extra. But because you're not, the deferred interest, Let's one that's going to accrue over the next three weeks.

That is going to hit. We're probably going to have to work on that one right away. I didn't know that was a thing either. Guys. What are we got? Those are the cars. Oh, those are the cars. Yes.

I spoke in your tongue. Your native Minnesota tongue. It's the accent. Okay. What am I reading? 17,000 vehicle, 22,000 vehicle? 22. These are not the rentals.

No. These are the ones you own. These are cars. So you have two cars and then you rent two trucks? We have three cars. His is completely paid off. I bought it. What is it?

How much is it worth? It's 2002 Pontiac. It just gets me back and forth to work. Probably not worth them. Not worth nothing. Yeah. Why do you guys have two more cars with that? Well, one more.

Okay. So my car is the CRV. And then his brother pays us. For the charger. I specifically told him many times, don't. He insisted on buying it from me. What were we going to do if he did it? I was just going to keep paying on it.

But why? Why not sell it? Why would you have an extra car that no one used? We sold it to his brother. I was using it. Is it sold officially? No. He pays us for it.

Why are you taking it? I really need a car to get back and forthwork as well. Which one is it? Is it the 22 or 17? 17. 17. Can you afford to 17? Yes, again. He pays it.

Okay. Why were you guys going to hold on to it if he was it's not we can't sell it. It's a it's a salvage title nobody wanted it especially they were like offering us like six grand and stuff where it's it was why do you want it um specifically this car it's a charger um I'm 18 oh sick wanted a new car yeah he wanted to be oh man you're gonna get so many women yeah I kind of made a mistake getting it at the same time though but really needed a car yeah I told them not you're gonna date every eskimo my mom okay well I guess let's break these down the way what are you saw it when are you saw it when is this done when is this little exercise of brotherly loved I want it in his name within two months I told him to save some money for the down payment technically for the loan to go into his name

so he's going to take out a separate loan you're going to take out a separate loan uh I'm going to basically refinance the loan my name yeah Okay, how much you have to put down? I'm going to try to do at least 1,500, maybe $1,000. What's your credit score? It's around 700. Have you gotten approved, pre-approved? He hasn't done it yet.

Why haven't you applied? Telling him to do it. Because I have no idea yet. We're still working on how to do it. I didn't know how to do it. I told you how to do it. You called the bank. First we went through a Royal Credit Union.

I did get approved for that, but they added an extra $3,000 on the loan for no reason. so we said no to that. The dealership that I got the car from is very scammy, and that's why we were getting rid of the car beforehand. What was the extra 3,000? No idea. So like four months after I got the car two and a half years ago, the drive shop broke, so then I got it replaced with the warranty.

And then that one broke also, and warranty said you can't get another one. So I had to wait a whole year. And then I tried to cancel the warranty through the daily. ship and it took them five months to give it back to me. And that was the warranty money off of it. It might be too much for you to qualify, but if things are getting weird, you might have the personal loan this thing.

But even still, you don't need a $17,000 a car at 18. But also, but what are you going to do with it if not? So it's both sides. It's worth $12,146. But salvage, though, are we sure? Yeah, no.

It was. No, it's not worth that much on a salvage title. Yeah. I had a truck loan stocked onto it at the time. I had it all paid down. Oh, it's rolled over? It was rolled over. So what is this?

Well, first of all, hold on. I don't want you to buy a vehicle for $17,000. That's worth $6,000. Yeah, I did make a mistake of that, but I kind of. We haven't done it yet. No, but I did make a promise to him, and I don't want to go out on that promise because I'll mess him up even more in its financials. What do you?

Well, he's saying he doesn't care. No, I do care about him going back on it. Oh. But I've told him many times I don't, in the beginning before he even wanted it. So what do you think? What do you think? What should we do? What should we do about this car? He chose his own decision. It's already happening. Yeah. It's on him. Okay. So he can't back out. No.

In your mind. Okay. Learning mistake at 18. Yep. That's what my mom said after he decided to do it. We all told him. We said, we'll sell you the car. But just let you know it's not worth that much. Yep. All for a charger so you could look like you're rocking a bus. of six inches. You should see how much he gets pulled over.

And we're just assuming he can even get a loan though. What if you can't? I know his credit score is decent but he might get to income. He did do like the pre-approval

and he needed a co-signer. Which is my mom. And then he needed like two grand down. Oh my, that's a family. He needed some money down. And so the warranty money

went into that as like money down. But now they're saying he needs like a thousand to $2,000 money down to get this loan because the car... He wants to get $1,000. Oh, how much do you have?

None at the moment because I'm mainly paying him and with not enough days I've been just paying him with what for what? Car insurance, phone. Oh, the payment? Rent. All the guy that's around $15,000. But the car payment as well?

Yeah, he pays the car payment. His car payment. Why, if he doesn't own up with your son's him. He drives it. He's had the car. two months. So it's just the agreement we've had. Yeah. And we just started picking back up. So if he can't, how often is the business slow down? Just twice a year. Two months out of the whole year. Why? Well, it's happening now that it's in labor day sales.

Between sales is when it slows down a little bit. Okay. So it's right after Christmas and then. So we got the Labor Day, Fourth of July, Black Friday. Black Friday brings us all the way through winter. Yeah. So really like the last two months are, going to be slow, we're slow, and then now it's going to pick back up. Yeah. And so we, yeah. So when we are busy, I work five to six days a week. Okay, well, you still have the $17,000 car.

So let's say that. Charger, 17,746 and 97 cents. The minimum monthly payment of $5.56. Interest rate? 8%. 8.9 on the charger, I think. Okay, not great. Yeah.

Before he wanted to buy it, I was going to refinance it and get it lower. And what's the other car? A CRV. Okay, we have it at 15,87 via your VIN. Yep. So you're underwater by about seven. Yeah, so my CRV, I did bring it to a bunch of dealers to see if anyone would trade me for a car that we could pay in cash. So, like, trade it down, pay the rest in cash.

until I realized that it's not worth that much. And so at this point, I told him not that we're stuck with it, because I really liked the car. 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, each with its own universe, bold elixir, sensual,

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Okay, so $22,168. And $59. Minimum with the payment? $500. It's like $4.90. Long term? Must be. Yeah, I think it was like 72.

And the interest? 12. It's getting worse. It's worse than the target card. Good death. Good death. Well, it was, so I originally had one. a CRV that had like a 3% interest rate.

And then when he slowed down and I quit my job, I traded it in for Toyota. I did not have the company at the time. I was working for somebody else. I traded it in for Toyota. And then I traded that Toyota in for Subaru. I sold that Subaru and that's why this is so much. Why have you not paid your taxes?

My accountant at the time never told me that you had to pay taxes. No, he told me to pay taxes. He never told me when. they had to start making the payments on them. Well, I didn't find out until they sent me a letter. And they're getting your books in order. And they're not your CPA. Actually,

told me he wasn't going to be my accountant anymore in July. Okay. So then I found another one. But he told me... Did you file an extension? Yeah, I got everything already done, figured out. I already paid my state taxes. That's the federal taxes.

So when I got the letter in the mail... So what happened with federal? Because those after certain extensions with businesses are due in October. No, I said... Or, no, yeah, that's the federal one. But this was already due. This was already due.

I have a monthly payment set up plan for it. You're a monthly payment. What's the interest? I don't. There's usually the interest. I think there's that much. I don't know how much the interest is on it. How do you not?

I have a screenshot of an app, so I can't tell you. It was just online. Limited information. $8,060.30. Minimum monthly. $500. great so that's we're taking 500 hours away that probably needs to be saved up for next year's taxes yep yeah actually how much do you have saved up for next year's taxes so far because of slowing down

oh good oh good listen you need to figure out because of slowing down you know what the it's not because of slowing down you just literally named when it slowed down to me and when it picks up so you would know this you talk to the crew oh you guys aren't working this month i'm sorry we got it okay i I'm down with the pay the crew thing. I'm down with the pay the crew before yourself. Absolutely. But you know the crew doesn't get money

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that needed, they needed days, so I explained them like, I need to start working more than they do because that's going to happen eventually, but it doesn't because everything business-wise gets paid before I do. You sound like the guy from Futurama. Which one? Fry? Zoidberg.

Oh, gross. Gross. So we're spending all this money, even though we have IRS debt and not, we're about to have IRS debt again, because we have nothing safe for the future taxes. And they said they want me to ask you about a couch or something. And I'm guessing we did something stupid with the couch, even though. We did something very stupid. When you're going to have to pay taxes again, believe it or not, it comes every year. So what?

What couch? So we went in because our couch broke and we were going to buy a couch. just like a small one, but we walked out with like a $3,500 couch. On a credit. Ashley furniture. I've done that. Don't recommend it.

I'm okay with the financing if you do it in a smart way. Do we do it in a smart way? We have zero interest for the first year. When does that end? We got it last month. Yeah, we got it last month. It's a deferred interest. Yes, I think it is.

you didn't know that on the last one I set mine off to pay in 12 months because I knew deferred I love 0% finance I'll have to look into it more Why don't you show me? It does not say anything You haven't set it up yet?

It is already set up Usually no it through Wells Fargo Oh I don't know Oh you guys probably got approved for some For some shit alone Honestly Which means there probably definitely is deferred interest

Yeah, take a second. Hold up. I have like no service here. Why does no one join the Wi-Fi? I forgot that was a thing. There's a thing out in the lobby that's like, join the Wi-Fi. Everyone's like, ooh, snacks. Zoidberg picks snacks over Wi-Fi.

So, you know, 3,500. It's like 31. I was expecting a crazier price tag because that's someone who's done the furniture shopping. I've only gotten new furniture once and oh boy they do be expensive so I get it yeah well it was literally my dream couch I've talked about it multiple times

a dream couch yeah it's the fuzzy ones with the pleats down it so it's gonna wear and tear easy they said it won't they lied yeah we have we have two cats and two dogs and it's a white couch but we got the warranty on it they said it does.

If anything breaks, we can just get a new one sent over. Yeah, breaks, not one down. Well, they fix any scratches or anything like tears and rips. Right.

Well, to a certain extent. Well, whoa, they said cat scratches. Okay, be very careful because usually it's like, okay,

maybe a puncture, but sometimes like an intentional, like they won't come. I don't know. I would. The lady who did it. No, she's a saleswoman.

Yeah. She said she had cats. Oh, the person who wanted her commission. Interesting. Yeah. Yeah. Hmm.

Hmm. Okay. Yeah, I'm betting you're getting deferred interest. What's your minimum monthly payment on that? 117. So it's there? You found it? Yeah.

It just doesn't say anything for interest at all. And you guys are not credit card. People will be clear. No. You need to use a charge card like the FIS card, something where you put the balance on and you can only spend it, but it still benefits your credit card. Instead it downloaded, where would have gone on this? I don't know Android.

If you scroll down. Okay, no it's not Okay, find it Or maybe we need to join the Wi-Fi You didn't click on it Yes, I did I said it was downloading Then I saw a download thing

Is that it? Let me see Can you have a little peek? Wonderful It's interesting how we're able to I did not know I could do that on there Do things when we click buttons, isn't it? It's not the one year thing

It's starting $40 in only one month so imagine that stack in every single month and it all hits your balance by the time a year from last month happens $40 a month $40 times that by 12

that gets added to your balance in a year in 11 months 11 months what is that? Minards and then this is going to f*** more than the Menards one The Menards one is like $60 out of This is going to be $480 added to your balance for this special little couch.

And then it's going to sit there at 28.99% at least at this time. But it's deferring. And it expires in 11 months, almost to the day. Told you, I knew it. Almost like I've been doing this for two and a half years. My mom's going to get mad. I lied to her about the price of that. Well, she's, well, she tries to help.

The crazy thing is, it's actually, for furniture is just too expensive. It's not the craziest price for a piece of furniture, for a couch especially, especially if you're going to the dream coach. But first, you guys probably shouldn't know, but two, it's the deferred interest that's about to kill you. Yeah. But what, what did you say it was? A thousand.

That was the original amount of the couch we're looking at. So my, my mom. What does it even matter? You're 27, six. I care about her opinion. and she like she knows Yeah but what is She doesn't know

Half of this But she probably doesn't even know What a couch costs Oh she yeah she does Well then she would she care then She would be like oh you bought a couch Well I told her it was on like a clearance sale But why

You're just lying Like she would have understood the price of a couch No because then she would have said You could have gone to like Habitat for Humanity And gotten a couch But those are old and A used couch You could have said you got to give you

I don't want to use. If you're talking to someone and need their opinion to be good, someone who's like me, me, me, about every little thing. Don't talk to them. They don't even tell them. I know that she's just trying to help. She has like help me paid off credit cards. That little kid's going to go to the mall one day, get the stomach flu and going to vomit all over that couch. And then that's $3,500 down the train. Yeah. That's what the warranties for They can clean up stains Yeah, I don't think she'll ever sit on it again No, probably not in that spot Okay, what is all this? Okay, I see your current report, 630 Cards, cards, cards

And then I closed the count Yeah, we've tried to pay off A couple credit cards over the last year This is such a f***ing disaster Okay, go on, sure What ones did we pay off? I paid off my Amazon card. I don't give a shit about that, no offense. I'm talking about the one that's closed and you owe

$1,465. Oh, that is my debt consolidation loan that I had a couple years ago. Wow, you really consolidated it into soon-to-be collections. It's going into collections? Oh, sorry, it's closed, but you're making payments. Yes, I make more payments on that. Sorry. I make almost double payments on it. What's the minimum, though? Just minimum. 70. I pay about 140 to 200. Okay. Maybe not, though. So that shouldn't be going into the generic collections. No.

I'm going to have to look it up. 14%. And you paid $100 last month. 14% on that? Yeah, 14% on that. I think they turned me $14 a month. Oh, yo, y'all. All right.

What is this? Oh, there it is. It's a part of this checking account. Yes. Gotcha. Yep, 14.49% and 15%. It's a 15% one. good

a ending balance and our checking a gun of $332. Will we combined? Yes. Okay. Oh, fuck me. This is going to be so much. Oh,

Xbox. Good, Xbox and PayPal Instant Transfer and cash app and out. We went to the corner store and Big J's Pizza. HBO, Cart Country, ATM,

$203. Who knows where the fuck that went. Am I Plum? That was Oh, that was the casino When you're stopping at a little food martin You get like $6. What do we getting?

Snacks, drinks? Drinks for the kid. Snacks and drinks for the kid. He used to stop at a gas station before I worked too And get drinks at a day. Just throw a water bottle at it Next time I'm seriously, okay? This is like, buy them in ball.

We don't need to be stopping and going in, getting BS, getting Burger King. TikTok, we're paying for TikTok. And one line's pilot shirts. I never. ordered the 21 pilot. That was not me on TikTok then. I don't know.

I don't even remember. To act like you're over the age of 21 and just not spend money you don't have. When is that I got some BS? When it's like S&BS? When it's like S&BS? Venit on $100. Is that for paying your work? No, you do check.

Oh, good. Roku. And then Big J's, Netflix. Feet to Farm Car Wash. Washing a car when we literally can't pay our taxes. Come on. Cinema. PayPal, wig, wing, wait, crown wing country land.

I don't know that one. Music. Music. Maybe. When is I got some BS? Culvers. I love it. Can't afford debt.

You're not paying taxes. Hotels and tickets. Discount liquor. Bath and Body Works. We can smell nasty when we can't pay taxes. Cash app and out. $800 to wear. Cash up.

800. Oh, yep. Oh, yeah. One of my employees needed their check. Well, sure.

Because they forgot it. So, like, if they forget the physical check, he'll pay them over. I got you. Are you accounting this? It didn't go through your business account?

Yeah. I know your LLC, so technically you're able to work. Yeah, I take it for my business into that one and then send it to them. And then I write it down. For it. Pizza. Pizza.

Pizza. When is I guess some BS? Ice. Kana ice and mountain. Oh, that was like, towny fair. Yes.

Wonderful. Now on these business accounts, what the fuck are we doing? Is this all gas? The gas stations, yes. The Speedway is in Casey's and Holiday Station. Yep, that's gas. All this Costco.

And you also have Crunchyroll and Entertainment and Yapsodi, Hobby Lobby, T.J. Max, Smoke Shop. Who's getting lung cancer? Raise your hand if you're giving lung cancer. Both of you? All right, good. We have a kid, so maybe we don't anymore. Subway.

Monopoly go, not again. Yeah. What are you doing? How much you spent a monopoly going a month? That was that one time. Stop, delete it. Burn it. I told you not to spend money on that app.

That was the only time. This is ridiculous. What's happening on this card? He spent $6,400 on there. A lot of a business, yes. And the business was a lot of stuff just back and forth. This, the business checking accounts actually not that bad in terms of managing things. The card, there was lots of BS on there still.

I didn't use that one for the business because we had it more towards that. And then I started using it for the business. And then we actually was able to pay more of it off. But then more stuff being spent on it. But it's mostly for work. You say it's mostly for work, but you pull it out when we don't have money. Who's right? Both.

I am. All the time. 90% of it is for work purposes. 10% of it is normal. No, I would say money-wise, 90% is for work, but usage percentage, it's like half. Yeah, somewhere around there. Again, I wonder if you need all these employees. Well, okay, so one does like front of the truck driving and the other one does back of the truck.

So one goes inside and installs everything. The other one is this is a two-person job. No, one person can't bring in a 500 pound for a job. Ryan, I offer to come work for him. That he needs every employee that he has? Yes, absolutely. Okay. At least at my company, well, our job, I pay my employees on time.

Oh, that's good. I'm just trying to figure out. You're not paying your taxes. Well, I mean, I'm making payments stores that some other people aren't. You have nothing saved for your taxes upcoming. So it's just like, I don't know what you're talking. My brain keeps saying, like, most of the money I get from this keeps going towards the truck rentals.

my brain keeps saying that once I can get my own truck in my name, I'll be saving a lot of money. Not just your pay, but money you're taking out of the business. How much money hits your account on a monthly basis? Your personal account. Average. Give us an average. Should be around five. Cool.

Are you setting 25% aside for taxes? No. We're setting 25% aside for taxes. 3,750 is your income then. welcome to the life of business owner. S-corp it, pay yourself a reasonable salary, make your deductions, or make your distributions less taxes. I was told not to put my company in an S-Corp.

Well, maybe it was about it. Because then I have to pay them hourly, which is hard to do with our job and then everything else. So I've thought about it. You can't contract out people with an S-Corp? Escorp's can't contract out people? I don't know. That would be interesting.

I'm curious I don't know okay let's get your debt payments so again the money that hits your account this is after your truck rentals right in the business

fuel everything right every business yes am I missing the charger because he pays it but if he dies tomorrow

you're that is true better get it out of your name my friendos oh good okay one third of your income immediately goes to debt minimum fee payments. 1,242. Okay.

What's your rent? Thousand. Your portion? Yeah. A thousand are portion plus utilities. Your portion of utilities and internet? About three to 400, depending. Call 350.

Is that including internet? Yeah. Car insurances? 175 for just us too. Your portion of the phone bill? 200. That's insane. Do you own on your devices?

Both phones and our child iPad. As soon as you guys pay that, I'll switch to something like helium. Yeah. You guys got to do a $20 a month option. Okay. Gas, room from Drive, drive, drive, both of you combined. Uh, third. A month?

Yep. 75 bucks, maybe? 100. Because one tank lasts me a week. A hundred both of you or 175 total? I would say 100, both of us. 100, both of us. She doesn't go anywhere that often.

I just go back and two from work. Okay, necessary food. How does this work with different people living there? Like, how do the groceries work at the house? We buy them. He eats them. Nope. He's starting to give us extra money for set aside for food.

Okay. Yeah. So his rent is rent utilities and food. No more. Oh, what's his rent? 600. But now he's giving us an extra $100 to cover food. So it's.

I don't think it's only $100, though. it won't be if I'm doing you you you and baby I'd be putting you guys at at least $800 a month with meal prep yeah that's like about what we spend and he would need to give you about 200 of that okay you hear that that's what we're going to start doing then that's what you're going to start doing that meaning it's going to be 600 from you guys TP fund this includes anything else you need to survive this is makeup and anything for kids that kind of stuff 150 we're going to put in there medical health care co-pays well you guys neither if you have insurance?

Does gold are eggs? Yeah, I do. Okay, $400 a month. Let's get you both on health insurance. Let's see if we can report that. Subscriptions, no, savings, no. We already did the 25% set aside for business. And pets?

We have four pets, two cats, two dogs. Okay, food, how much? Probably about $100 a month. Yeah, with all four of them. Do you have pet insurances? No, no. Probably should or else you're going to get, but I don't know if we can even afford it. So, trust me, I just had an emergency vet fill.

$3,000. Oh, my gosh. That happens. Dogs are stupid, especially the one that I have that consistently eats things that she shouldn't. Yeah, we got two black labs. Oh, yeah. So, ha, ha, ha, ha. I doubt you guys could afford that $3,000.

And I also doubt you would let them die. No. With that, you guys are under about 500 bucks. Okay. And that's what setting the money aside for taxes. You don't set money aside for taxes. You have money left, but you don't because you need to pay taxes. So you don't have money left over.

Right. It's easy as easy as that. Yep. 567. Negative. And that's with him paying his share and him paying his car. That's without the extra money the company makes, which... I said altogether what...

amount hits your account. I thought you meant in our checking. Hit that you take from your business, that you take from your business on a monthly basis, distributions and pay, even though you're not set up for pay. I would just do like an average because it's- Yeah, average. Average it out. What I take in total after everything.

Yes. Around 15, no, 17 to 25. Because one week, I can, a week extra. Total. Total. Average total monthly. That you pull from your business after everything is paid. You know, like when we go to the grocery store and we don't have money and you take it out of your business account.

Or just tell me what you can. Distributions and your pay. Tell me what you can. Seven to eight. Sorry. A month? A month. Let's do seven to be careful.

When the trucks do good, I make an extra one. When they do good. Yeah. When I have the full. So you're averaging still on seeing seven? Yes. I can make between an extra one. to 2,000 business side a week.

Okay, 5,250 then after setting money aside for taxes. Sorry, I am... It's okay. Not the brightest when it comes to certain things. Oh, it's okay. I'm also a dumb... When it comes to a lot of things. So I get it.

We all are. It happens. Yeah, a lot of stuff needs to be dumbed down for me. That's okay. I got you, buds. 4,11317 needed to survive. You actually have, if that is correct, and we're budgeting this correctly, which, big if, we have...

We have 933 left. That's a lot better. Yeah, that's usually what it feels like comes out to. But this is you guys living on your basic necessities. Yeah. Besides, again, the TP fund, it's $150.00. That's why I was like really shocked when you said negative. And I was like, that shouldn't even be it at all.

Yeah. Okay. I mean, with that, you can take care of a lot of this pretty quickly. It's our brains telling us it doesn't need it over that. Just buy something stupid. First three months, Target and Menards are gone. Three months after that, Ashley's gone. Cool.

Six months, Ashley's gone, Target's gone, Menards is gone. Again, city is very difficult. Sorry, actually, sorry, first four months, target Menards and your consolidation is gone. And then three months after that, Ashley is gone. So now we're seven months in, okay? Okay. Cool. That sounds a lot more better.

And after that, the IRS, check out the interest. has interest or fees or things added. So we're probably paying that off and about at that time with the money leftover. It's going to be anywhere from, it's probably about well, actually, probably about seven months.

Seven months after that. So we're 14 months in. This is without you getting a job, by the way, and this is without your business increasing. So this is with everything staying stagnant, but it's also without interest accruing. Okay. Charger, we're going to make him take it. CRV. So we're

keeping it. We're not getting rid of it. Yeah, that's just my car. I'm not getting rid of that. We also need the SUV because of the two dogs. Yeah, but you can get an SUV for $10,000. Right. No, I think at this point, you can borrow the difference. You could have a $15,000 loan instead of 22. Also, it's 12% interest. We do want to refinance that loan when the time comes. The time will come in about 14 months because your credit score would not be good until then. Okay. Yeah, the couch release. mine up. Yeah.

Okay. Now we have an extra 1,500 to throw at it. C.O.V. will probably be about, what's called, 20,000. $1,500. That'll take an additional 13 months to payout. So if you really want to double your time to keep the thing,

you can. It's up to you. Right. So we're a year in three months in. a year in three two years three months in two years three months all of our debt is gone

save of a fully front of an emergency fund we can round it up to about three years yeah depending you might be able to do it in two years and three quarters total but that's actually not that bad and that's again without any pay increasing anywhere from either side we do need a full

emergency fund because last year I have three surgeries it was out of work for well also remember in your budget I did health insurance Yeah. Yeah. It's probably going to be cheap health insurance with higher deductibles, but if you have big surgeries, you're going to meet your deductibles. I was covered still under my mom's insurance at the time because I was before 27.

Not no more. Yep. So health insurance tomorrow. Okay. Okay. Okay. Oki-dox. Wow. What a mess.

But your cleanup is actually not that bad. It's literally just you guys budgeting. So just budget. Just be some adults who budget. Who sit down, communicate. Budget. Budget. budget, budget, budget.

Easy as that, y'all. It's as easy as that. Let me get your hammer financial score. We'll bring in your brother more for the post show, and we'll get his perspective on this, and we'll bring in the producers who know more drama and things about you guys, and we'll talk about that. Make sure you join the membership below,

get an extra 20 minutes every episode of extra T. Spending a budget you overspent, zero out of ten, debt. You have IRS debt, zero out of ten. Emergency one, nothing in savings, zero out of ten. Retirement, anything? No, that's terrifying. reasons why we wanted to come on here. Yeah, yeah, yeah, yeah.

So you'll be, and you'll be 30 by the time you're done with this. So you have a lot of time still left. We're going to be saving up for retirement because you guys need to have a good retirement. You don't want to throw your burden under your kid. Yes. Retirement zero or ten, real estate, zero out of time. You don't own it, right? It's a rental.

Yeah. We're going to buy it in a few years, but. Huh? We want to buy it in a few years. So we rent from our friend. She bought the house. We rent from her. All right.

Let's talk about that in the post show. Okay. Hammer Financial score zero out of 10. Make sure to check out all those resources linked in the description below where you can also get our budgeting and investing program at a 15% discount and get $100 in cash from us gifted into your MoMo account. Today on the Financial Audit Post Show. Our friend bought the house. Okay. Lived with us for this intention.

For this intention. Lived with us for a little while. We butted head. She moved out. It's so great that we mix everything in our lives. with Apple. It's so convoluted with your family and friends. It's getting a little too incest, even those you guys are so far north.

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