Financial Audit - Trust Fund Princess From Hell | Financial Audit

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Starting point is 00:01:07 Tickets weren't that. I mean, they're only $1.00 plus the outfits and the shoes. Oh, yes, because we don't have clothes or shoes. When I'm just like in a bad mood, I'm like, I deserve this. Bad mood? Just a bad mood. Yeah, that's where I also pulled that for my dad for Italy. You, I'm a f***, man.

Starting point is 00:01:24 Download my budgeting app today and take control of your money once and for all. And for a limited time only. sign up for the annual version of premium and get my cookbook and notebooks signed and mailed directly to you. Link in the description and pin comment below. Hi, I'm Andrena. I'm 25 years old from Birmingham, Alabama, and this is financial audit. Thanks for coming over from Alabama. What do you do that for a living? I work in Operation Support for an industrial supplier company. Cool. What do you make?

Starting point is 00:01:52 $60,000 a year. It's not bad. Alabama is a lower cost to live in state. I don't know about Birmingham. specifically, but yeah, I mean, you have to be doing pretty well then, I would think, at least, I mean, at 25, 60,000 hours a year, almost meeting household income for the entirety of the United States for the lower cost of living area. You'd be doing pretty okay, but then again, you're on the show, so you're probably not. What's going on? Well, I have come into this new money.

Starting point is 00:02:21 This is probably about two years since I've gotten into it. Still feels new to me. Oh, you mean your paycheck. Not new money in terms of a big lump sum that's interesting. As far as the salary, yeah. Okay, yes, yes. Two years, okay. Two years is great.

Starting point is 00:02:34 Yeah, I just, I guess I haven't really adjusted myself to it as far as like I've upped my cost of living with it, you know. I haven't kept my expenses the same. It's okay to up it with the same percentage. No, I think I've been way overdoing it. What have you done? I just spend a lot on anything that I feel like, really. I don't really keep a budget on anything. Why don't you keep a push it?

Starting point is 00:03:01 That's kind of like a basic first step if we're kind of going to the world. Well, I also just, yeah, I just bought a new house as well in November, my very first house. Congratulations. So navigating that and my finances has been pretty hard, kind of freaking out about it, about being able to pay for the house and still. Okay, why would you get a house if you can't pay for the house? Well, I can pay for the house. It's really, I mean, it's cheaper than my rent. at the time.

Starting point is 00:03:29 Then what is the issue? I'm spending money trying to furnish it, getting new stuff to make it a home, I guess. Because at the rental, I didn't really care what it looked like. But now I've just overdoing it because it's a new house. It's my first house. Okay, but you know you're overdoing it. Yeah, yeah. I just don't really think about it.

Starting point is 00:03:55 I just spend the money on it. Don't think about it. How often do you buy new furniture? Well, I just bought a new couch about a month ago. Triniture is not cheap. I understand. Listen, I'm assuming this is your first house, right? Yes, very first.

Starting point is 00:04:07 Okay. And that's great. You're buying it before the average person buys their first house in the United States. Uh-huh. Uh-huh. Okay, so well done. That is good. Why fuck it up?

Starting point is 00:04:20 I mean, obviously, listen, yeah, I mean, there's a lot here. So you're not in a great position. And was this a time to buy a house? Because that, yes, maybe it's cheaper on a monthly basis. But there's a lot more risk involved. Losing a house is crazy compared to even getting evicted, you know? And then there's also, what happens if you have to replace your roof? Why happens if you have to, hey, you have a big leak.

Starting point is 00:04:46 What if a frozen pipe burst? Yeah. I don't know. Property taxes, they endlessly go up. Rent typically endlessly goes up historically, yes. But in hot markets and I know Alabama can be. kind of a relatively hot market recently. I want to be surprised if friends went down for a few years at some point.

Starting point is 00:05:03 Yeah, it was just a really impulsive choice. Like, I'd probably spend- Impulsively bought a house. How do you impulsively buy a house? Well, my rent, or my lease was running out on the rental. And I didn't really put any thought into like if I wanted to renew it. Like, it was just really quick. I decided it was time to buy a house.

Starting point is 00:05:22 So I probably- Sure time, maybe. But while it was impulsive, like, yes, it might be. time, but that doesn't mean more impulsive. Well, I only spent about a month looking, probably not even a month. I think the whole closing process lasted a month. How did you decide the house? It was in the same neighborhood I was renting out of.

Starting point is 00:05:41 Is that all you cared about? And it was new construction. I didn't want to have to DIY anything with an older house. So it was new construction. Everything was already done. Just moving ready. So I did it really quickly. Okay. How much you spend on furniture so far? You could do use furniture for a bit. It's fine. My first house, my very first house, because I was focused on building, you know, hopefully a decent nest egg and building my net worth while before starting YouTube.

Starting point is 00:06:14 I didn't have a single piece of new furniture in there. In fact, I didn't get a single piece of new furniture until I got my third. That was the very first time I bought my new piece of furniture. Yeah. Ever. I had to get it. It was a thousand dollars. table. Yeah. I had to get a couch. We didn't have a couch at a rental house. So, had to buy a couch for the new house. But you can get a couch off of Amazon for like a hundred, a couple hundred bucks, food time for a bit. Yeah. Well, yeah, but we want, I wanted a nice, me and my boyfriend. I live with my boyfriend. But we wanted a really, does he help subsidize? Yeah, yeah. We, we, we have. And what is the issue? I do, I buy a lot of things. I mean, I get his, Well, I mean, I get his input on things, but mostly I kind of just make the decisions myself to do the things, like the couch.

Starting point is 00:07:01 I know, but if he is subsidizing you, that would give you more room to be able to go buy things. So what is the issue then, if we have boyfriend helping? Well, I personally myself, I'm just really bad about impulsively buying things for myself. We have a joint account. You said that. That is the fourth time you said that. I get that. I hear that and it might be tight if you were on your own with your strong income.

Starting point is 00:07:28 Right. You have an income where if you're being, if part of your bills of your cheaper mortgage than your rent is being subsidized by the boyfriend and sometimes going out to eat is being subsidized by the boyfriend. Sometimes it's not necessarily the right word, but that's how we can look at it for just talking about full in full out in terms of money flow. Okay. That gives you the ability to spend money on what you want. So that is simply not the issue, specifically. Yeah, I mean. You would be able to.

Starting point is 00:08:00 Yeah. Not infinitely. Right. I don't know. I'm just, I don't know. I just make really bad choices for myself. And what goes into the joint account is just. Joining account with a boyfriend?

Starting point is 00:08:17 Yes, I do. Wait. Why are you guys joined before, like, or even engagement at the very least. We've been together for six years now. But even still. It just makes it easier. Pay bills and all that.

Starting point is 00:08:30 So we each are putting the same amount in. If you guys break up, it's so much more messy. You do not have legal protections are not as extensive for you. There's no divorce. Well, I want to get married eventually. So that's... Great. That doesn't solve our issue of not being married now.

Starting point is 00:08:50 Yeah, but that's a number. other thing, like, I'm not sure if marriage is right because of the finances and the way my finances are and his are. Like, I don't know if it would make it better to get married and, and, uh, why aren't you guys getting married then? Just get married. Because, uh, I'm just worried about how my finances would affect him. Or his finances good? No. And also vice versa, how he would affect me.

Starting point is 00:09:14 I just don't want us to jump into that without us. Yeah, maybe you guys aren't ready. I mean, you're clearly not. I mean, you're on the show. This is horrible. Oh, my God. Your debt's a crazy. Just your bad debt, not even including the mortgage, is insane.

Starting point is 00:09:29 How much in bad debt do you have? Bad debt, not mortgage. Bad debt, not mortgage. Probably around $60,000? 70,000. Oh, wow. Yeah. And 10,000 is a relatively substantial amount,

Starting point is 00:09:41 especially if we're talking like that 30% debt. Yeah. To be off by. Yeah, I did not realize it had gotten up to 70. I have been kind of keeping a track on it, but not as well. Obviously not if you're off by that. What are you off by? What is that?

Starting point is 00:09:57 15%? Yeah. I mean, that's pretty crazy. Yeah, a little bit. But, um... Why it's your count on a monthly basis, income-wise? How long have you been, so you've done this for two years? Yeah.

Starting point is 00:10:09 Okay, good. What hits your account? 3,600 a month. About 3,600, yeah. 1,800 every two weeks. I had 4,900. Was it a three-week month? No, it wouldn't have been.

Starting point is 00:10:21 No, it should be. Oh, I do Walmart delivery on the side. Okay, yeah, that could be it. How many hours a week do you put in that? For the Walmart. Oh. We actually just weren't even informed that you were combined as we did the numbers beforehand. So that actually might include your boyfriend's pay.

Starting point is 00:10:41 I will have two accounts. I have a SOFI that we're both in on, and then I have my own personal ranges. Okay, you'll pay a roll. What hits on a monthly basis? $3,600. 36. Okay. How much was spent last month? Ooh. Always a hard one.

Starting point is 00:10:56 Probably about $2.25. Yeah, $6,600. 600. 66? How can we be this far off? I just don't pay attention. I don't. I mean, I know how much is in my bank account. Fine. You don't pay attention. You like to blow your money. Said that like three times. Got that part. That's wonderful. How about this? Why don't you pay?

Starting point is 00:11:18 attention. Self-assessed. I'm going to get into that brain a little. Yeah. Why do you not pay attention? Because growing up money was kind of a hard issue. Like, we didn't have a lot. So now that I kind of have my own money, I just kind of pay what I can and spend what I have in my bank account and without thinking twice about it. Okay. What are your goals? What are we trying to do? What are we trying to do then? I mean, you've achieved the mortgage thing, but you just don't. care to get your finances under your control at all. So what is your goal? What are we, what are we trying to do? What are we sitting here talking about? What is, yeah, what's anything?

Starting point is 00:12:02 I mean, I'm trying to get the debt down so that way, well, not actively. I mean, I think about it. What's just word tried? You think about it. I have good intentions. No, you don't. I try to have good intentions with it. No, you don't.

Starting point is 00:12:17 But. There is nothing that would suggest that. Yeah. Why? What's the actual? Is there anything? Is there any goal? I mean, I want to get to a place with no debt.

Starting point is 00:12:29 But I also... Okay, so she's just... She's a copy and paste. Okay. Yeah, well, I also go in on a trip to Italy next month. How? How do you spend beyond more than you brought in? Like, double!

Starting point is 00:12:44 How? I'm... I just... That's not a cheap trip. No, not at all. I've paid about $3. $1,500 towards it already. You've already paid $50.

Starting point is 00:12:53 That's probably why you're spending was substantially higher. How much more do you have to put towards it? Well, not anything else. I've already paid for... Bullshit. You're going to eat food while you're there. Fuck you. You're going to get transportation while you're there. Fuck you. Yeah.

Starting point is 00:13:04 Lies? Okay. What do you mean? I'm putting aside about $500 for it to spend money and do what I need to do. But I thought you wanted to pay off debt. $500 could go towards a debt. Yeah. High interest debt.

Starting point is 00:13:19 I know. But... providing a return on investment? I don't think so. No, but it returns on memories and the times. Memories are good, but hopefully if you just stick with the average human, you'll have plenty of more times for memories. In fact, you could have better and more memories if you do not have 50, 60, 70,000 hours of bad debt, ballooning, ballooning 30% interest. You know how many more Italian trips we can go on? Well, I know, but it was the family thing and... Why? Your whole family's going?

Starting point is 00:13:51 My dad, my dad, my stepmom, my step-sister. They're all going. So it was a family thing. So you felt extra pressure to go into it. Yeah. Did you bring up a conversation how you're fucking poor? Yeah. I mean, my dad knows. And? I just came up with the money. I figured out how to come out with the money. I wanted to go. So I couldn't not go. Well, yes.

Starting point is 00:14:13 You objectively could have just not gone. But I understand I wanted to go with the family. Yeah. I do get that. But at that point, if there's, like, the pressure around it, I would try to recognize if there's pressure of people around me because we're going to go do this thing. And, oh, that person might not be able to afford it. They're putting themselves in a bad position. Maybe I'm helping. Not enabling, but maybe I'm helping because I want them to be able to experience it together. Like, that's okay. There was none of that. No, it was, I had to pay everything myself. Like, it was my own way. I got to get me in close for it and everything. clothes? Yeah. For, you know, Instagram pictures. You didn't have clothes. Fuck your Instagram.

Starting point is 00:14:54 I don't care. You did not have clothes. Can't wear that to Italy. I mean, I could probably wear this, but I needed, like. Well, there you go. You had clothes. How long are you in Italy? About a week.

Starting point is 00:15:04 From. How much clothes you need for a fucking week? Brand new. And shoes to walk around in. You didn't have shoes to walk in? Not comfortable shoes to walk in. Why the fuck wouldn't you? I don't know.

Starting point is 00:15:15 I have a... What are you a dump? So you don't have shoes to walk? Not like, come, not cute, comfortable ones with for clothes. Do you not walk? Not that much in my office stop, but... You don't walk in life? Well, yeah, but I mean, I have tennis shoes for that.

Starting point is 00:15:29 How do you not have anything? Tenet shoes, there you go. But not with the outfits. I got to get some of the matches outfits to look, to look right. Listen, you're American. They already hate you. Yeah. It doesn't matter.

Starting point is 00:15:41 Who are you trying to oppress? I mean, I just... Italy's only old people anyway now. Well, you go on Pinterest. You see all the cute pictures and the outfits, inspiration. I want to be that. Yeah, why don't you post a picture on Pinterest so you're $70,000 in bad high interest debt? Yeah, well.

Starting point is 00:15:58 Does your boyfriend even know that? What does he know about your financial situation? You want to get married. What does he know? Well, he knows a little. I mean, he... A little? You guys don't communicate that much about money and yet you have a joint account

Starting point is 00:16:11 and he helps with all the expenses and you want to get married and he only knows a little. What does he know? I mean, he knows. about all the high credit cards. Does he? Because you thought you had 10,000 less than you have. I mean, he knows about the credit cards. I don't know if he knows about the other. Just the credit cards? Does he know all that extra? Probably not. Why? I don't know. I mean, it's not something I'm trying to hide. It's not something we don't really talk about. Shouldn't we if we want to get married? If we have a joint account especially before marriage? Yeah. Yeah. Yeah. I mean, I don't know. We talk,

Starting point is 00:16:47 but not super in-depth about our finances, about bills, about all that. I just kind of take care of it. Do we have true intentions to get married? Yeah, for sure. Really? What are we doing to get there? Well, nothing right now. I mean, I'm trying.

Starting point is 00:17:00 No, shit. I have the intention. No, you're not trying. No, you don't. You keep using this words, but there is nothing to suggest that. I mean, I've, I've been, yeah, I don't know. I've been trying to pay off as much, and then it's just snowballs. Italy, you're not paying off that.

Starting point is 00:17:18 What the fuck are you talking about? That is not true. I am not going to let you just bullshit. I'm not going to let you just bullshund. You're not just going to look good for the camera. That's not going to happen. No, you are not trying. You're going to fucking Italy.

Starting point is 00:17:32 You're prioritizing that. And I'm not against like a family trip or the emotions that go behind it, but you are not trying. Don't use that word. Okay. Well, like I said, I have the intention. I have good intention to do it. I just, I haven't. What's intention without action?

Starting point is 00:17:52 A good thought? I don't know. There you go. A good thought to help you sleep. Yeah, I guess. And that's as far as you're getting in life. As, yeah. I don't know.

Starting point is 00:18:05 I've, I mean, I tried to do the snowball method with the debt and, like, works. Have you? Smallest to biggest. Yeah. And it's just, I just have, I'm really impulsive when, buying things. So you can't have access of spending that counts.

Starting point is 00:18:22 If you're a child with money, don't let yourself have money. Yeah. I just, I don't know. Where do you think you are in the world of finances? On a scale, zero to ten, zero being the worst, 10 being the best.

Starting point is 00:18:35 Where do you think you are? Probably a one. Yeah. Just because I just bought a house. I don't know if that helps me anything. The real estate score would help you, but it definitely depends on how you got the house, honestly, and we'll take a look at that at some point.

Starting point is 00:18:47 I'm sure your mortgages is. the last debt out of the million debts we have to go through. If you want your hammer financial score, see where you stand in the world of your personal finances, take my assessment, go to Calebhammer.com, click the link in the description below. You can also come on this show down here in Austin, Texas. We'd be happy to have you. Apply to be on at calemar.com slash apply. Okay.

Starting point is 00:19:08 Let's start with Discover it. Okay. Let's discover how bad all this. Your life is. Yeah. There's two discovers too. Why do you have so many individual debts? Because I've run out of money on one and I'd get another one to subsidize that.

Starting point is 00:19:29 It's a $249 minimum monthly payment. That is an insane minimum monthly payment for your situation. Yeah, it's pretty bad. No, it's really bad. Well, I mean, I've never missed a payment. I've made every payment on it. You know, honestly, most people that say that, That's not correct.

Starting point is 00:19:48 But we'll see as we go through. I don't think I was paying there. $10,852. $0.54. Okay. As what you go. How long does it take the payoff? Oh, God.

Starting point is 00:19:57 Probably 15 years. Something's crazy like that. Is it worse? Is it worse? You'll be 70 years old. You're lying. By the time this is paid off. Oh, my God.

Starting point is 00:20:12 No? Yeah, I didn't realize that. Yeah. You'll be. 70 years old. God. Well, yeah, and I got that one because my other one got maxed out. I know.

Starting point is 00:20:27 You said that. Yeah, it didn't realize it was going to take that long to pay off, just minimum. Which, yeah. Like I said, I was trying to pay off the smaller debts first. That way I could put more into this one to try to pay it off because I know. You're opening new debts when you max out one. that's completely against what you just said.

Starting point is 00:20:50 Yeah, I try, like I said, I know you hate this, but I have good intentions when I think about it. Yamava Resort and Casino at San Manuel is California's number one entertainment destination for today's superstars. Catch the Jonas Brothers return to the Yamava theater stage on April 30th,

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Starting point is 00:21:33 So is there, is there even the, like, do you even have good intentions at that point? It's like, I don't know. Good intentions about any kind of action. There's nothing. It's nothing. It's nothing. Like, it doesn't make any sense. Yeah.

Starting point is 00:21:45 Uh. It's just like someone who's fucking virtues online. Like that's all it is. Like you, but you do actually nothing to provide value. It's like you're that kind of person, but in debt form. Yeah.

Starting point is 00:21:58 I mean, at first, you know, I really was trying and then I just kind of snowballed myself. Okay, when were you trying? I mean,

Starting point is 00:22:08 last year I was trying. I mean, I got a second job to kind of help with everything, but then I kind of just started spending that money on other things on on food and stuff but it I'd gotten a second job to help with the debt and that's a job that you still have yeah so I didn't expect to use Moomu this much I just downloaded it to test it out and it's basically

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Starting point is 00:24:15 I mean, the couple months last year, I was like the summer, or like April to July, I was really putting in work on my second job trying to get that extra money. So one month in. Two months, three months. About three months. Why did we fall off? Because more things came up than I wanted to do, and I just used the money for that. What came up that you wanted to do?

Starting point is 00:24:38 That was more important to pay off debt. I don't know. Go on trips. I went to the beach last August. I spent a bunch of money on Christmas gifts. I'm going to Italy this year. Yes, Italy. When did you have to start making the payments for Italy?

Starting point is 00:24:56 A couple months ago. And I paid it all off in December to my dad. He paid for it and I paid him back. So you had like Dad Dad? And then all your money went towards that instead of paying off your other debt? Okay. Definitely have to pay that first. $2.28.19.

Starting point is 00:25:11 An interest in one month alone on this card. One month alone. Yeah, and I've had that one for years now, so there's no telling. No telling how bad it's gotten. I know the interest rates in saying. $734 in interest this year so far on just your last fucking statement. So it's not even up to date to this. And we're finishing the third month of the year.

Starting point is 00:25:35 Mm-hmm. Yeah. It's, uh, I mean, You're able to somehow prioritize going to Italy with your money and paying off your dad with that. But you're incapable of prioritizing this when you lose in just a couple months, almost $800. Almost $800. You had to pay your back debt, your back $1,500. Yeah.

Starting point is 00:25:58 And you prioritize that like that because, well, we're going to Italy. But when you get almost $800 taken from you, drained from your future, you just like, ah. I mean, I knew about the interest. I didn't really think about it too much, though. I didn't think about it adding up like that. Why? That's going to be another question where I'm asking why. And I would love an answer versus, like, oh, I thought about it.

Starting point is 00:26:27 I need you to dig deep. I want to learn about you as we go through this process. So we can actually create a plan that applies to you. Yeah. Why don't you think about interest? I think I just have so many cards at this point that I just don't even doesn't process. It would take five minutes to put them all into a fucking spreadsheet.

Starting point is 00:26:47 Yeah, trust me, my dad's yelled at me about that for sure. Him and his spreadsheets, he loves it. And why haven't you done anything then if your dad is there willing to help? Oh, I don't know. Good question. I just... You're not able to self-assess anything. I'm on my own, so I like, I don't...

Starting point is 00:27:04 On your own. You have your dad that's willing to help you with this. You have your boyfriend. friend who pays for half your life. I know, but I like to think that I'm on my own. Your dad pay for your Italian trip and you're able to pay him back. You're on your own. You're on your own.

Starting point is 00:27:14 You don't know what on your own is. You've never been on your own. Yeah. Well, I mean. You're a 15-year-old. That actually has a two next to the five for some reason. Yeah. I mean, I guess I definitely don't think I've grown up past like 16, but I've been

Starting point is 00:27:30 Okay with that? No, I'm not okay with that. Yeah, you've done nothing. But I've been trying to make the diff to, you know, Yeah. All right. Come on, dude. Come on.

Starting point is 00:27:42 Literally, again, I mean, I have to call it out every time because it's just so fucking easy. Just download the app. We made this for you. We made it for everyone out there. We made it for me. It applies to everyone. It's fucking automatic.

Starting point is 00:27:58 Sign up! And then you just fucking type in a couple things. Everything's automatic. No more I don't know anymore. No more. I didn't want to think about it anymore. more. You can just look it. Just look at it. Yeah. Fucking so easy. Yeah, I've also tried Dave Ramsey's. I think he has one. I tried that

Starting point is 00:28:16 for a little bit. Yeah. That one's okay. Didn't, I don't know. A little more strict on his value sets, but I kind of like to cater to other people and what they prefer for their lives. And that works. Yeah. Um, yeah. I did download simpler budget. I haven't used it yet. I did download it. It's on my phone. I bet that's the most amount of progress you've ever actually put into anything. Effort you've put into anything. Pushed download. Didn't actually use.

Starting point is 00:28:47 Remember, if you sign up for the annual version, I'll send you a physical version of the cookbook and our Founders edition, simpler budget notebook, and I'm going to sign both of them and mail them directly to you. Well, I have spent a lot of the money on, like, events, like music festival. I went to hang out best. Hangout fast? Yeah, Gulf Shores, Alabama, last year and the last two years.

Starting point is 00:29:12 And I would put that on the credit card. Of course, you were. Plus the outfits and the food. We don't have clothes or shoes ever. If we have a new event to go to, we must refresh everything. Yeah, I'm really bad about buying new clothes for everything, for sure. I have a, I love buying clothes. That's definitely my weakness is clothes.

Starting point is 00:29:32 Really? What is your, like, clothes selection? If you sold half your stuff, Today, what could you get? Oh, not much, because I buy a lot of it from American Eagle. You're a fucking 12-year-old twink? I'm so confused. Yeah, I haven't grown out of American Eagle, for sure. Definitely need to up my game on that, but I go to American Eagle all the time.

Starting point is 00:29:52 I spend a lot of money there. I have a credit card for American Eagle. Oh, I bet you do. So, yeah, I spend a lot of money on clothes, shoes, those kind of things. And you probably could with your income. You just have to fucking budget it. Yeah. It's not a, here's my limit on my credit card.

Starting point is 00:30:15 I have the room to get three pairs of boots. That's not how this works. You can't afford things. You just can't have, you can't have access to credit. You cannot have access to using other people's money. You can't. You don't know how to manage that. It's worth anything.

Starting point is 00:30:33 I mean, I try and I, um. I'm going to. a fucking pull out of tape. Say I try one more time. I just get FOMO with things. I don't want to miss out. FOMO, FOMO of Boots? No, of like events like the hangout fest and like different events that I go to if, you know, I get FOMO.

Starting point is 00:30:54 I want to be able to get. I'm not saying you can't go to a fence. You can probably budget them in. You're like I have my credit card balances up to here, but my limits here. So I can get five boots. That's your mentality. Which means you cannot have access to credit cards. I mean, I don't know.

Starting point is 00:31:16 What? Oh, my. I also tried to get Lala Ploos the tickets recently. Try to? Yeah, I was in the standby list for it. I didn't get through. So that's why I didn't end up getting the tickets. It's because I didn't get through the standby.

Starting point is 00:31:33 Good. But I'm still looking at them in case. Don't. I mean, it's fun, though. It is. So it's being able to live a relatively successful life. Again, I can get you go to every music festival in the world once you get to a good place financially. You're preventing yourself from going to all the music festivals you want to.

Starting point is 00:31:51 You go to all of them. You could be doing the one in Brazil that just happened. You could do that because you have a pretty strong single income. And then imagine your dual household once you guys do get married. There is actual good things that you could do. That you're prevented because you want to do all of them right now. And you're making it so you'll never be able to do them pretty soon. Yeah.

Starting point is 00:32:16 I mean, the tickets weren't that. I mean, they're only $415 for a four-day pass. How much? $415. You have no respect for the dollar. You have no respect for the dollar. I mean, for four days, though. You fuck you.

Starting point is 00:32:26 I don't care what time it is. Maybe for the value. Sure, you get a lot of value for the dollar. But those dollars could be actually improving your life. I was going to pay them over time, though. I was going to do the financing. All right.

Starting point is 00:32:44 When we figure out what your minimum fee payments are by the end of this, I have a feeling because you don't understand how they stack that it's about to be immense. Yeah. I've recently gotten into hobbies. I like to try out different hobbies. One of the ones recently I've done is coloring with alcohol markers.

Starting point is 00:33:08 Alcohol markers? Yeah. And I got the good brand too. Sure you did. I don't even know. Coloring, I thought, okay, let's get some crayons. I don't, okay. No, there's like a whole need.

Starting point is 00:33:18 This is a good brand cost of. It's probably about $40 for. Well, you have a Sharpie with you? What are you going to start? No, no, that's a lot. Sharpie coloring? No, but I mean, it's like $40 for a set of markers. And then each of the coloring books is probably $7 a piece.

Starting point is 00:33:33 Okay. Well, we can. I don't know. How much is that draining you? But you said you get into a lot of hobbies. Yeah, I've also done like crocheting. Oh, okay. That can get expensive.

Starting point is 00:33:46 Yeah. And I only did it for like a week or two and then I kind of gave it up. I also love reading books. I buy books a lot. Okay, go to the fucking library. You live in a major city. Yeah, but I like owning the book. Go to the library.

Starting point is 00:33:59 You live in a major city. I like owning paper. Go into the library. You live in a major city. It's not as fun. I don't care. It's not the same experience. You have bad debt.

Starting point is 00:34:07 You're fucking dumb. It's not the same experience walking in a book's million and smelling the new books. It's great. I hope they have something. Oh, I think they got you crayons. Saving money with mommy. It's not the same feeling as with the alcohol markers. I know you like free things, and I'm giving some things away for free right now, and let me show you how to get it.

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Starting point is 00:35:36 You have $70,000 of bad debt, and you make $60,000 a year. You have more in bad debt than you make, Can you go somewhere every five minutes? Color! I want the experiences that comes with the going places, and it's fun. I like the festivals. It is.

Starting point is 00:35:56 I don't think you're never going to get anywhere if we prioritize that instant dopamine hit in every instance of our life. I mean, that's what I... How can your work allows you to take this much time off? I mean, I get a pretty good amount of PTO. I have run out. Last year, I ran out super. How early? How early?

Starting point is 00:36:15 Probably around Aprilish. And I'm probably... And then what? Because you certainly went places. I know you can't stop. Well, I mean, yeah, I move... I mean, I move days around here and there. I definitely, like, ran out completely by August.

Starting point is 00:36:31 And then what did you do? I work from home sometimes, if they allow it, or... Yeah, how both does that mean? As in you still went somewhere? Yeah. Yeah. Yeah, but you work from home and just do it on the computer. Yeah, I'm sure you did.

Starting point is 00:36:47 Yes, of course, of course. But. Okay. Great. I think you're the reason why that industry standard has ended. Industry standard. Yeah. There was a lot of work from home for a while.

Starting point is 00:37:04 Oh, yeah, yeah. But it's definitely been pulled back a little bit. Because of people like you. No, I don't think so. I don't think so. I still work. I still do my job. I still, you know, get things done.

Starting point is 00:37:16 I just take the work with me. Work from wherever. Yeah, maybe. I don't know. For some reason, I don't believe you. I feel like you travel as much as you can using your paid time off, and then you just all of a sudden start working from home. Yeah.

Starting point is 00:37:30 Does that not scream that is obviously for vacation if you only start doing that after you've used your PTO? Well, I mean, most of the PTO is also just because I have a hard time getting out of bed. and I don't like going to work sometimes. No one does. You have a great job. You want to get that up already? No, of course not. Oh my gosh, you get crans and you immediately become a child.

Starting point is 00:37:53 No, I just, I... Well, no, I mean, we all struggle to wake up sometimes. Dude, I did not want to get out of bed this morning. I had a job to go to. Yeah, I mean, I take it seriously. I just, some days you have days. You just can't, don't want to go in or not feeling well in the mornings and just, It's not a good day.

Starting point is 00:38:15 Need a mental health day or something. I don't think you're a reliable person. I mean, yes, I can, I'm okay with those, but try to schedule them out a little better. You're probably fucking people over on your team by just being like, oh, you know, I want to sleep in today. Bye-bye. Now, I'll make sure I do it when I don't have anything planned. I take my calendar before I do it. I'll do it strategically.

Starting point is 00:38:32 Uh-huh. Yeah, for some reason, I fully believe you 100%. Definitely strategic. Okay, regular Discover card. you owe 7,80099 with a minimum monthly payment of $177.7. Yep. What's going on here? That was my very first card, my very first credit card I ever got.

Starting point is 00:38:57 It was the student card. I got that one, I was like 19, I think. So there's, I mean, there's stuff from it from college, from going out in college, or groceries, paying for things for my apartment, things like that. And it, yeah, it got up really quick on that one. And then that's when I opened that second discover card.

Starting point is 00:39:23 Why were you spending at that point? Or what are you still spending? Because, listen, there weren't purchases this month, but you're only a couple hundred hours away from the max. So it's not like you haven't been purchasing for a long time. Well, not on that one specifically. I try not to... No, you're so close to the max.

Starting point is 00:39:36 Well, yeah, but that's because the interest. Like, every time I try to make a payment, No, if you make the minimum of the payment, it'll still go down enough to not be this close to the max. Unless you've only stopped purchasing a few months ago. No, I haven't been part. I mean, I don't think I've been purchasing on that for a while now. They just kept raising my limit on it. So I just kept doing it.

Starting point is 00:39:58 That's why I said you can't have access to credit because, again, you see a limit as how many pairs of boots you can get, not. Yeah. I mean, I should avoid spending. Yeah, but I mean, I don't know. The money was there. So I just used it. Oh, it was someone else's money. It wasn't yours.

Starting point is 00:40:12 It wasn't there. But I was, you know, I was going to pay it off. And then I just kept snowballing. Why didn't you pay it off? I was going to pay it off. I was in college. I didn't have a great job at the time. When did you leave college?

Starting point is 00:40:27 Two, three years ago. You? That it's just been sitting there. It's been sitting there since then. You didn't just pay off a couple hundred dollars in that amount of time. No. I mean, I. Especially since you did three months of progress last year.

Starting point is 00:40:43 Yeah, I mean, I think on those I was mostly just focusing on the minimum to work on the other stuff I had. So that's why I just, I don't know, I just don't touch it, I just leave it there. But the interest is just growing on it. Okay, your addiction to shopping. So you have an addiction to, honestly, traveling to different places, music festivals, and then an addiction to shopping. How often do we go shopping? Because we know you travel probably at least a couple times a quarter. Okay.

Starting point is 00:41:12 Yeah. Where? How often do you go shopping for this clothing? I go shopping pretty frequently, especially when I'm not feeling the best. That's probably when I do the most shopping. What is that feeling the best? You have a little stomach flu so you go shopping? Look, what are you saying?

Starting point is 00:41:26 No, like when I'm just like in a bad mood, I'm like, I deserve this. Bad mood? Just a bad... Ambition comes in all shapes and sizes. At First Citizens Bank, we roll. with your goals because we're built for what you're building. Fit for your ambition for citizens back.

Starting point is 00:41:45 Mood. Well, yeah, and I get to like, I deserve it. No, you're not entitled to 50,000 pairs of foods. That's just how I felt in the moment. I mean, that's how I feel. That's when I'm not. You need better coping mechanisms you need to work with like a therapist or something.

Starting point is 00:41:59 If your immediate cope to is ching, ching, ching, ching, ching, ching, ching, ching. You're never going to pay off That three months of progress you made will be the longest progress you've ever done. Downloading the budgeting app and never using it is going to be the most amount of progress you've ever done. If every time you feel slightly gloomy, you just blow all your money. Yeah, I mean, that's definitely the biggest thing. It's like, it's impulsive.

Starting point is 00:42:29 I just feel that. My big trouble here is I'm just like, okay, what can I say? What can I say? Because you have a house. Obviously, you have the goal of marriage. but what can I use as an emotional tool to convince you that your actions and your spending around all this is dumb, it's hurting you, and that you obviously need to change it. Like, what can I say that's going to get you to actually, actually make those changes? I don't know.

Starting point is 00:42:58 Well, I mean, I got the second job to, like, and I'm still doing that now. Yeah, but you just, you increase your spending to me. Look, you spent double what you brought in. Yeah. So it's like the second job doesn't matter. You make more money, you spend double what extra you make. So that that is like, woo, good job, yay. But there's so much more discipline that has to go around this entire situation than just going to get in an extra job.

Starting point is 00:43:21 I mean, I thought it would help me like and help, especially with the minimum monthly. Yeah, well, I just. And no, that's not true with your minimum monthly because if you have spending ability on these cards, you usually spend on. That's why they're all basically maxed out, meaning that no, it won't help you with your minimum because you're just spending more on them making your minimums go even higher. It's the thought that counts. It's the thought that counts. What are you shutting down? Are you giving up?

Starting point is 00:43:53 Like, what? You can't handle a little bit of pushback? No, that's what I'm saying. Like, I don't know. With the second job, too, I'm also going to owe more taxes. So, like, I try not to do it as frequently. This is what help from your paycheck. Doesn't even matter.

Starting point is 00:44:06 Well, not the second job. It's $19. Okay, that's fine. Like, 20% aside is probably fine for you. Yeah, I just haven't been setting that money aside. Why? Because it comes in my account, so I use it, and I don't think about it. And then...

Starting point is 00:44:20 Computer's immediate spending money. Yeah. Oh, for $1. Really. Oh, for $1. Well, and then that's also causing me to have a lot more due in taxes this year. I probably owe about $600 in taxes. What?

Starting point is 00:44:32 From finance, not finance, but you should be able to pay $600 in taxes with your income. Yeah, I don't know. I don't know how to ask them for it. I've been putting, I've been putting off filing, though. You don't buy three pairs of boots that week. Well, you know, I don't know. I just, I have a hard time not doing what makes me feel good in the moment. But what can we do?

Starting point is 00:44:58 What can we do to show you that there is a better path? That's what I'm trying to figure out. I see nothing, nothing here that there is. that you care about that you look forward to other than the marriage other than the marriage and that is the only thing i can pull from but he's also financially and you're right you guys shouldn't lock in like that until you guys are in a more mature spot financially because it's one of the leading causes a divorce in this country so i'm huh exactly so i'm aligned on that but what can i use to be like okay obviously we know this isn't working mathematically but on the emotional front

Starting point is 00:45:35 The sacrifice you would be making, the life changes you would be making. What incentive do you have? None. I mean, I do want to buy, I mean, I want to build my own home in the future on its own land. So that's something I'm trying. You know, that's one of my goals that. You are not trying. You are not. Yes.

Starting point is 00:45:55 I will do it again. I will do it again, lady. I have. That's not a shit stream. It was a fucking missed. It felt great. This is a lie. No, that's a mess.

Starting point is 00:46:09 But I don't know. I do want to buy a house in the future or buy or build a house in the future on land, get married. I'm just having a hard time growing up to that point. I'm 25 now. It's... What are you infantilizing yourself? Shut the fuck up. What is with people these days?

Starting point is 00:46:26 What the f... When I was 18, I knew I was an adult and I was excited to go live my adult life. And why? You're a 25-year-old child. What is wrong with people these days? My goodness, you're going to turn me into a fucking boomer. Why are people acting like they never grew up? This is crazy.

Starting point is 00:46:40 I will never understand this. The endless sensationalizing online, the endless infantilizing ourselves. It is crazy. We live in such an immature world. That's what I'm trying to get past. I'm trying to get past. You are not trying. Stop saying trying.

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Starting point is 00:49:49 You don't know what that word means. $156.884 cents of interest crude on here. 500 this year so far. So what are we at? We're at 1,000. 250-ish, 1,300-ish, in interest? Just the two accounts we've looked at so far? Okay, Capital One Venture.

Starting point is 00:50:10 Yeah, that's my most recent one. Most recent? Yeah. Okay, so when did you open this and why? Probably last year, and I did it... When last year? July-ish, around June or July. Remember, that's basically when you were done with your progress-making period.

Starting point is 00:50:26 Yeah, I got it because I wanted to try to up my credit score. You already had your house. What do you shopping credit for? Well, back then, I thought I didn't have the house back then, so I was trying to... Oh, yeah, that's right. You got it in the fall. Yeah. So I was trying to, you know, open more accounts to help my credit.

Starting point is 00:50:45 Because I look at credit car and it says, like, you know, let the impact is on it. So I thought opening it would help my credit. Well, shocker, it's right under Max. Luckily, Max isn't that high because they probably won't let you do it because your credit's in like the low 600s I saw. venture $466.44 with a minimum monthly payment of $25, $10.63 accruing. So what were you spending on this card that got you here? I used it for Amazon a lot, for household stuff, for personal things. Well, personal things.

Starting point is 00:51:21 Well, I've been buying some of the Italy stuff with it, like, you know, toilet bags and personal bags. You traveled way too much not to already have that you can just reuse. You do not need fresh new travel in containers and whatever. Every trip you do. Well, I needed the carry-on, the personal carry-on so I can put it under the seat. I didn't have anything for that. You don't have personal carry-outs. You've never used that in any travel that you've ever done.

Starting point is 00:51:49 Well, I'm not a backpack, but I need something bigger, something to fit stuff in. More stuff. Because I'm not trying to... It's for a week. You're not there for that long. I'm notorious for overpacking, so I'm going to use all. Obviously, because you over buy, so you have to overpack. Yeah.

Starting point is 00:52:06 Yeah. Let me look at Amazon. Let me look at your Amazon's penny. Pull out your phone. It's probably bad right now because I did just buy some things. Guys, I was just trying. Good intentions in my brain, just not in reality. I don't think so.

Starting point is 00:52:27 I mean, again, you're one of those people that's just like virtue signaling online all Just like, look how good I am and then actually does no real thing in the actual world. You tweet something good and then you've never contributed one thing to the actual planet or society. Like, it's like I almost respect you less than people who don't do anything but don't also pretend like they're good. Yeah. Cat litter, there's a heavy-duty bag. More cat, Matt, cat, bags, bags. Cat, cat, cat, cat.

Starting point is 00:53:00 Oh, my gosh, cat. Endless cat. Paddling. We have three cats. And a dog thing. Dog poop bags. Good. I'm glad you at least pick up the poop.

Starting point is 00:53:15 Why do I see nine things in the cart? Oh, yeah. That's for Italy. Blow dryer. Yeah, I think your hotel will have a blow dryer. Dry shampoo. You need that. It won't have shampoo.

Starting point is 00:53:26 Or just, right? Days in between. You got a dry shampoo in your hair. You don't have to wash it completely. Helps. Helps it. Lindsay, is that, can you confirm that? that.

Starting point is 00:53:36 Damn it. Okay. That's what the ladies do. Okay. As a non- as a non-lady. C-tips, very bad for you. Don't do it. Don't do it.

Starting point is 00:53:46 I have to. I get water in there. You got to get it out. You know what? What do you do? Just like sticking the faucet like right here. We all shower. I get wet ears.

Starting point is 00:53:56 You got to use the cut tips. You don't use cut tips. No. And every ear doctor tells you not to for very clear reasons. there. I don't like go all the way in. Then just use a towel right here. It doesn't do the same. Oh my gosh. You should not use Q-tips. Makeup remover, that makes

Starting point is 00:54:13 sense. You got your neck pillow. This is a fucking portable charger. Okay. Lots of Kleenexes and a jewelry holder. Better not be buying new jewelry for it. No, I already have jewelry. It's okay. I actually don't spend money on jewelry. That's the one thing I don't spend a lot of money on.

Starting point is 00:54:32 Mm-hmm. Mm-hmm. $10 of Ventures accrued in that month, $21 this year so far in the two months that it was. That 30% interest. Synchrony! American Eagle! This is American Eagle. Yeah.

Starting point is 00:54:49 That one is used quite frequently. Of course. Why? What is your obsession with the Eagle? They have really comfy clothes. Their jeans are great. They get really good deals. American Eagle direct U.S. online.

Starting point is 00:55:04 They're not even going in the store and trying it out. You're just... Well, I get, I still get a student discount, like 20% off, so I'll use that. Why? Because you're lying? I mean, my, my college email still works. It's still valid. So I just put that in.

Starting point is 00:55:19 And then, I mean, I can't... Right, so you purchase more than you put towards it. Interest accrued. Nowhere towards paying this off. That's a lower one. That one should take too long. Yeah, it's 274. You're right.

Starting point is 00:55:31 You should just pay it off. But again, you purchase more than you. put towards it. And then it's just a cruise. It's even dumber that you have a small balance, because it shouldn't be there. With your income, it shouldn't be there. There is no reason for you to be paying interest on this. No reason. And it is such a choice that you are making. You're just actively choosing. You're just okay with it. Yeah, but like I said, I get the discount. I get, I get, I get cashback using the card. What cashback percentage do you get? I mean, sometimes like, oh, I don't know the percentage, but I get rewards.

Starting point is 00:56:03 Why the fuck are you doing it if you don't even know how the math works? Because I don't know. The discount. What? What's the discount? Sometimes you have to spend like each dollar represents the point. I think you get like. How much is a point worth?

Starting point is 00:56:20 I don't know. A dollar. I get like $40. No, no, no, no, no. A point is not a dollar. You don't spend a dollar, get a dollar. No. You do not get a 100% return on your investment.

Starting point is 00:56:29 It is not. It is not. What's not bad? What's not bad? No, how many points do you need to get some reward? Oh, I couldn't tell you. I just, I guarantee you it is not better. Oh my gosh.

Starting point is 00:56:46 That's 34%. I guarantee it it is not better than 34%. Well, I get like $40 off here and there. Yes, $40 off here there after spending how much? Probably a hundred, but it goes towards my next one. It's going to be much more than that. I don't know. You're not getting a 40% return on your spending.

Starting point is 00:57:06 I don't know. I just know when I spend money, I get money. So I spend the money. But you're probably getting like a 5% return. It works out though. I mean. No, it doesn't. You're losing 33%.

Starting point is 00:57:18 Are you feeling what number is bigger? Draw down a crann if you have to. Five or 33. Well, yeah, 33 is bigger. There you go, it's not working. It doesn't, dude, it doesn't. That's not, it doesn't make sense. You're being obnoxious.

Starting point is 00:57:33 You're just being stupid. I don't know. I don't know. I can't get that through. Yes, you can't return. Right. But you're giving them more than they give you by a substantial amount. Yeah, but I mean, they have deals too.

Starting point is 00:57:53 And then like I said, the student discount. That's really- I like the student discount, but even that's only a 20% off. Yeah. Again, 33% is the interest It's accruing on here. So the math still isn't working. Yeah.

Starting point is 00:58:05 Well. Yeah. So? I don't know. It just in the, I mean, in the, in the, in the moment, it seems like a good, I mean, it seems like a good deal. But it's objectively not. We know the math shot the fuck up. Well, yeah, but.

Starting point is 00:58:23 So you'll chop it up because there's no point in using this, right? Yeah. Okay. Yeah. Huh? So yeah. I can. Will you?

Starting point is 00:58:33 Oh, yeah. Yeah. But like I don't believe you. I normally use it online, though. So. Don't get it even more dangerous. Yeah. The fiscal card doesn't matter.

Starting point is 00:58:42 It's much. Oh, happy birthday. What is this? Care credit, why? Oh, I have five animals. No. Why is it always, listen. Alabama, every time we get someone from the fucking that coast, that coast of the Gulf,

Starting point is 00:59:02 which is always as a thousand animals. And as an animal lover, Like, you probably can't afford it. Well, I mean, you can't. You're maxed out on every credit card. Is this one maxed out? Actually, no, somehow it is a few hundred dollars away. Don't know how you did that.

Starting point is 00:59:14 Care credit, $1,473. So are you saying this was vet bills? Yes. What? You not have pet insurance? I don't. Why would you get an animal if you can't afford pet insurance to take care of their emergencies when they will inevitably happen because they're an animal?

Starting point is 00:59:33 Well, at first I didn't realize pet insurance was a thing. Okay. So you're going to do any due diligence before you took on a big life responsibility. Great. What kind of pets are they? I mean, I have two dogs, a pit bull and a mutt mix, and then I have three cats. A mutt mix? Yeah, I don't know what she is.

Starting point is 00:59:49 A mutt's not a breed. I don't know what she is. She liked pit bull and probably something else. But it's a mutt. Yeah. Not a mutt mix. Okay, a mutt. Sorry.

Starting point is 00:59:58 A mutt. Yes, I don't know. I don't know what she is. Probably some pit bull. What are the other? Three. Three cats. Okay.

Starting point is 01:00:05 See, these are pet insurance. type animals. Those are animals that live like a decade, if not more, if we're lucky, you get pet insurance. Because during that time, they do something dumb, they eat something they shouldn't, they get into something they shouldn't, and you're not just going to let them die.

Starting point is 01:00:20 And if you are, you're an irresponsible pet owner. You're going to be the one adopting them. Well, that's what happened on that card in one of my cats. But it's going to happen more and more, and then you're just going to be further than dead instead of just paying for, oh. I haven't looking into pet insurance. So what happened? You've been looking.

Starting point is 01:00:35 Great. I bet that's your. version of trying. You downloaded the app. Didn't use it. I looked to see what the quote would be. Like a year ago? No, actually, like a couple weeks ago, actually. I was looking

Starting point is 01:00:48 to see how much it would be a month. She gives me a face like she thinks she accomplished something with that. Okay, go on. What happened? Okay. Well, first I had to get a cat fixed. I had a kitten. Had to get her fixed. And then a month. Which, by the way, before you do that, usually

Starting point is 01:01:04 look, oftentimes there are community organizations that will do fixing for free or cheap. Yeah, well, I went to a vet that my best friend has worked out forever, so it's like I knew the people there. So that's why I went to a specific vet and not like, because we have like spay and new things. Because you have so much money, yeah, okay. Well, okay, well, and then the, my black cat, my oldest black cat, he started having, what?

Starting point is 01:01:28 Keep going. I know you're from Bama. Sorry, your hardest. Come on. He got, he had bladder issues. And he had to go, he had to be hospitalized twice. in the course of two weeks. So that was very expensive to have them hold home and do all the stuff.

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Starting point is 01:02:12 additional terms, conditions, and restrictions apply. Ivy, catheter, all that kind of stuff. Well, I almost took them to, I had to take them to an emergency vet, and that was going to cost probably, like, two grand. But then I ended up taking them to regular vet. So, I mean, it was still, like, overall, probably about 1,800, but not as much as it would have been at the emergency vet. So, but yeah, that's what's on that card.

Starting point is 01:02:37 My animals have gotten sick recently. You don't deserve animals. Don't say that. No, you don't. You're not doing one as necessary. I love animals. You love them. You don't deserve them.

Starting point is 01:02:46 I take care of them. No more, right? No more. No, no, no, no more. Absolutely not. But, yeah, no more. I grew up with a lot of dogs, so that's why I love animals. Got to have them.

Starting point is 01:03:00 Gotta have some animals. Is that you and your boyfriend combined or does he have additional? No, he, well, the one of the dogs is his, and then the rest are all of ours together. Both of ours together. Hopefully he doesn't want to get any more, right? No, no, no, no. He's done. Okay.

Starting point is 01:03:18 A little bit of interest. I bet something's undefered. Yep, okay. And that's at about 30%. Then the other ones, the interest starts kicking in one later this year and two early next year. Hey guys, always ask me, Caleb, what do you invest in? And honestly, I keep it pretty boring. Take a look at this.

Starting point is 01:03:40 Take a look at this. This is my investments right here. And this is why you got to follow me on Blossom if you want to see just that. A couple weeks back, I stumbled upon the social investing app called Blossom and thought, all right, let's give it a try. And it turns out it's actually really cool. They end to be clear, they're not a brokerage. Blossom is a completely free social media platform.

Starting point is 01:04:00 They're not your typical investing app. It's social, meaning you can follow exactly what I'm investing in, and you can check out my portfolio in real time and even discuss strategies with me and other investors. There's no guessing games, just clear transparency. So if you're curious about how I'm investing or just want to get smarter with your money, download Blossom right now, and you can follow me at Caleb Hammer. I'll be sharing my exact portfolio breakdown, investing tips, and even responding to your questions. It's totally free, super simple, and way more fun than just guessing stocks alone.

Starting point is 01:04:31 So hit that link below, join me on Blossom, and let's grow our money together. Seriously, right now, you can actually see what my portfolio looks like today. Okay, what is this? What am I looking at? This is a docu sign for some kind of... Is it my upstart one? Oh, is it? I don't know, but you borrowed 6,160, but you're paying back a total of 10,929.

Starting point is 01:04:56 Yeah, that was an upstart loan. What? Why? Why? Well, I got it initially to consolidate debt. Great. Oh, yeah. Here we go, guys.

Starting point is 01:05:07 I consolidated debt without changing any behavior. Never seen that before. Yeah, so I got it to consolidate debt. And then it was Christmas time around the time I got it. So then I ended up using a lot of it on Christmas for family. What is wrong with this country? What is wrong with human civilization? We can't have self-control for one fucking holiday.

Starting point is 01:05:34 One. And make our lives better so that we can have amazing Christmases for the rest of our lives. We can't sacrifice one. Oh, my, fuck. It's infuriating. Yeah, that's why I also pulled at $1,500 for my dad, for Italy. Oh, my gosh. So right after you consolidated, you blow it all on Christmas, right after you're

Starting point is 01:05:56 borrowed money from your dad to go to $4.00. Italy. Yeah. But... Was this last year? Yeah, this was in December. Yeah, December. Shreft, you got your fucking house!

Starting point is 01:06:12 Yes, it was. The f*** you're doing. You get the house, you consolidate it, and you ruin everything, and now the cards are all maxed out again. In just a couple months, you consolidate $6,160, and just a couple months later, that we are sitting here, and they are all maxed out again. Yeah, they... You didn't stop spending.

Starting point is 01:06:31 You did not stop spending, like you said. Or else, they would not be maxed out if you've consolidated just a couple months ago. Well, lies. I tried. I probably paid... No! You did not! Try!

Starting point is 01:06:45 I think I paid off, like, the smaller stuff. I got in a firm. I think I paid off some tires. I've gotten some tires from my car. We'll see. I paid that off with it and maybe, like, one other small thing. But I, yeah, I ended up spending it on Christmas, mostly. Get a fucking house we can barely afford.

Starting point is 01:07:06 And we blow it all on Christmas. Yeah, I just wanted to give everybody gifts. I know what you wanted. Sometimes we give up what we want for a greater, good, for the greater part of your fucking life, for better Christmases in the future. How much do you spend on Christmas? Well, I bought

Starting point is 01:07:29 On my boyfriend alone I probably spent about 500 or more Because I got some concert tickets Like $600,000 to the $500,000 Okay Yeah But I bought

Starting point is 01:07:42 Concert tickets with it for my boyfriend Kendrick Lamar in April And then I got on some like AirPods, some stuff for work Like a cooler And some clothes, some shoes. What is the balance on this right now?

Starting point is 01:08:04 Probably six, I think it was like $7,000 total I have to pay off. So like $6,800 maybe is what it's still? Well, you're going to be paying a total of $11,000. If you don't pay it off early, 25.38% interest rate all for Christmas gifts. And it says you may be entitled to a refund of a part of the finance charge if you pay it off early. I didn't know that. May.

Starting point is 01:08:41 Well, I ended up buying myself some Christmas gifts to to wrap and put under the tree. So I'd have stuff to open because I bought my boyfriend a lot of things. I wanted to be able to have enough for me to open too. So, yeah, a lot of that money was on Christmas. I still don't have the thing necessary to be like, this is why it is worth actually sacrificing. I do have goals in the future. You want to build a fucking house, but.

Starting point is 01:09:22 And I don't want to have kids eventually. Really? Okay. Yeah. So, you know, I want to have better hobbies. marriage. It costs $70,000 a bad debt, not even close to marriage. I mean, we've talked about it. Yeah, you've talked about it, but you guys aren't willing to until you guys are both in better financial positions, but you have $10,000 more in bad debt, not even including your mortgage, bad debt, than you do an income on an annual basis.

Starting point is 01:09:47 Then you have your cost of living. That eat into that. Then you just travel twice a quarter. Oh. concert tickets this is probably just another show just another show coming right around the corner another big music festival right yeah i mean i've been looking at bonnero and lalapalooza but i'm gonna just which one's more important kids are la la feteen pelous which one's more important i mean kids i want i want to get my life together don't go to fittalooza i know i'm just in my early this is your choice i don't just in my early So I'm like, I want to explain how do you want to have kids? Because remember this then takes you to your 70s.

Starting point is 01:10:36 I mean, when I'm in my 30s. Well, you dumb, take. Guess what? 30s before 70s. So I don't know what to say. If you want kids while your 30s, you need to start this now. Yeah, I know. I know.

Starting point is 01:10:49 Do you know? Because you're not doing anything. You consolidated a couple months ago and built them all back up. And spent a lot of the consolidation on fucking. the new debt on Christmas. Yeah. I, yeah,

Starting point is 01:11:12 I, yeah. Insightful. Sheen, you're buying Sheen and financing it. You pay through four. Yeah, I regret that one. Great. Sheen's not good.

Starting point is 01:11:36 What are you affirming? Because I feel like this probably more than just this. I have enough. The firms for my couch, so I use my couch for. What? Well, that's why I have the rooms to go, too, because I tried to get a rooms to go credit card, and it wasn't enough.

Starting point is 01:11:51 So you then... So then I used to affirm instead, because they wouldn't give me high enough credit limit on the Rooms to Go credit card. I used a firm instead. Okay, Rooms to Go, you have 2,220. I didn't see that on your firm. That, the couch? No, yeah.

Starting point is 01:12:08 Should be on my firm. Well, maybe it's in a different statement then, because just on this affirm document alone, I only see the sheen. Maybe I forgot to send it. I definitely have your firm for the couch. How much is owed on a firm? About 2,000 for the couch. Oh, on a firm? Yes.

Starting point is 01:12:29 Oh, what's the interest on that? Probably 30. Probably 30. Yeah, probably 30. Okay. What's your minimum monthly on that? 185. 20.

Starting point is 01:12:38 Huh? 185. 20. Okay. That comes out of our joint account. And then on this Rooms to Go one, the 32.84% interest, usually rooms to go 0%. So you just went full stupid about this. Oh, I think, okay, that is the affirm for the couch. It's just linked because I bought it from Rooms to Go.

Starting point is 01:12:59 So it's affirmed through Rooms to Go. Yes. Yes, yes, yes. That's what that is. So that's the same thing. That's your 183? 185? 182.15. 182.15, okay.

Starting point is 01:13:11 That's something like that. 2,220 and 75. So I'm guessing you're just loading up all your rooms with new furniture. How are you affording you get all that? Just, I mean, with the cards, I had to get the affirm it or use another credit card that I need to use it. Or I do like afterpay, Klarna, stuff like that to pay over time. Right. Yeah.

Starting point is 01:13:49 And like I said, I had enough firm for the tires, and I used the loan to pay that off. So this was recent. That's for Italy. Great. So you have a debt for a debt. Yeah. Pay off your debt with a consolidation? Yes.

Starting point is 01:14:07 So you never, when you said you paid off your dad at the beginning, you didn't pay off your dad. You now have a consolidated interest debt, interest debt. interest debt you didn't pay off your debt you said i paid off you you you let you man dude you completely manipulated that part of the conversation i mean i paid him with the but you didn't pay you borrowed i mean you looked it looked like there's a fucking diamond in the rough there and then you you but you left out the most critical piece you didn't pay you borrowed to consolidate and try to do yeah but you didn't pay you didn't pay you didn't sacrifice you didn't save you didn't do anything other than apply for a loan oh my gosh i'd rather owe a loan than oh my dad

Starting point is 01:15:02 really you'd rather owe a 30% loan than zero to my dad yes i get it with the why'd you borrow from him you tit because i wanted to get italy he he he mentioned him because he he's said he would pay for it if I paid him back. So I started paying him back. Why did you accept it, though, if you'd rather have a personal loan than him? Except his? Oh, yes. Because I wanted to pay him off, pay him full before we left.

Starting point is 01:15:33 I was supposed to pay him before we left on the trip. So I used to borrow for it. Did you think you were going to borrow to pay him off or do you think you were going to pay him off? I was planning on just paying them. Planning. Yeah, every month. Yeah, what was the plan? Like $200 every month.

Starting point is 01:15:47 How'd that go? Not great. Did you pay any? I paid for like the first two months and then... You're incapable of doing anything longer than fucking up more than two months. If there's anything good in your life, you can only do it for two months. Don't have a kid because you'll lose interest in taking care of it after two months. I don't think so.

Starting point is 01:16:04 Nothing historically to say otherwise. I don't know. I try to... I tried to pay them off. You did it. Stop saying that fucking word. You don't know what the word means. Okay.

Starting point is 01:16:21 Yeah. You what? Nothing. You what? Nothing. Nothing. Nothing. This is Instacash.

Starting point is 01:16:30 Yeah. Are those like those little just paychecks that hit you early? Uh-huh. Why are you doing that? If you're falling into that trap, you're likely. Yeah. I've been going to stuck in that for a minute. Because I didn't mean.

Starting point is 01:16:42 When did you start? Who. I was using Dave. a while ago, and then I got kicked off, Dave. Of course. You didn't pay back? I paid it back. Why did you get kicked off?

Starting point is 01:16:52 I think because I was just, I don't, honestly, I don't remember why I got kicked off. I just remember getting kicked off. You would have been a money-moking machine. I mean, I definitely paid it all back. I don't know why they kicked me off. On time? Yeah, I think. I just got kicked off of it, so then I started using Money Lion instead.

Starting point is 01:17:09 Money Lion? Yes. How much you owe to them right now? Zero right now. You make 60,000. the Hartford, with decades of experience insuring millions of unique small businesses when it comes to your small business insurance.

Starting point is 01:17:24 Thank you. One size, absolutely, does not fit all. Get a quote or find an agent today at thehartford.com slash small business. So you're not in the trap. I probably will be. I just got paid yesterday. So that's why.

Starting point is 01:17:38 Why? You make a, you make a median household the United States income in a cheaper area. What is wrong with you? You have no ability to be mature with your money. No, definitely. Fucking please download the app.

Starting point is 01:17:54 My gosh. And pulse buying is the worst. Set yourself a category, a limit on what you can spend on boots. Yeah. Okay? Set up a savings goal in there for a concert. You can do this. You just have to manage it accurately.

Starting point is 01:18:18 Well, see, that's what I don't know how I'm supposed to pay monthly minimums and also put money aside for savings. Because you budget it? Because you probably, I mean, we'll find out when I make you a budget if you even have enough. Oh my gosh, yeah, you instant cash like crazy. How much you borrow in a month typically? Probably about 200, up to 200 a month. I saw way more than that.

Starting point is 01:18:36 I saw probably three, 400, three to 400. Well, I had to use it to get the plane ticket here, but. Use the reimbursement to immediately pay it off then. I will. Student loans. Yeah, what was your degree in? in global business with a concentration and management. Yeah, you're actually using it.

Starting point is 01:18:56 Yes, I am. If you want a course career certification to boost your resume and hopefully get a higher income eventually, just let me know which one you want, and I'll gift it to you. Okay. It's been used by the audience. Yeah, I've been debating one if I should try to get a master's degree or if it's worth it. I mean, it can be. If you can do it in off hours for you, that would be best right now.

Starting point is 01:19:16 I need you to really utilize this income to pay off this debt. What's your minimum fee payments in your student loans? I don't have any right now because it's in forbearance. Why? Were you a part of the save plan? Yeah, well, I think I'm part of the ID something. I'm part of income driven repayment, but you make a good income. I am down for those programs for people that struggle.

Starting point is 01:19:38 You shouldn't be your struggle's a choice. For two years you've been making a really good income. You should pay back the student loans that got you to make that income. Yeah, but since I don't, since I'm not occurring. Those who are struggling, absolutely. Let's put them on income driven. Your income driven should be pay your payments. Your payment would be $250 a month probably.

Starting point is 01:20:00 You can do that. Yeah, it's like $145. But it's got zero percent interest right now. So I don't have to pay it. This is why people are angry about forgiveness stuff because people like you shouldn't be the one that's benefiting from that. I mean, I put in all my income. I know. Exactly.

Starting point is 01:20:18 That's the problem. They didn't have to accept me. I know, and that's the problem. Do you not understand what I'm saying? Ally. No, Pen Air. It looks like Allied. Penn Air?

Starting point is 01:20:31 Oh, credit union. Yeah, it's my car. But this is a car. Oh, Kia Forte, 2017. Okay. Yeah. Okay, we'll see interest rate on that. Probably, I think it's 3.99.

Starting point is 01:20:42 It's really good. Yeah, I got it like, that is good. It was good. 2021 when the whole used car thing was going on. I don't hate that. But I walked into the dealership.

Starting point is 01:20:53 I hate this. What? Whoa. Hold on. No, this is not true. This can't be true. What do you think it is worth? First of all, you owe $12,533.

Starting point is 01:21:03 $0.17 on it. What is it worth? If I had a guess, probably like $6,000 or something crazy. Yeah, it's worth $3,800. God. What the fuck? I'm glad you have an incredible interest rate. You're underwater by almost 10.

Starting point is 01:21:15 $10,000. Yeah. On a $12,000 loan. Well, when I went to get a car, I went into the dealership, like right after work, and I left that day with a car and like under an hour. This is what always happens. And what's the interest rate. But this is where I can't get an affordable car. I can't find it anywhere.

Starting point is 01:21:33 Yeah, there's a lot of struggle. And it takes a lot of time. But that's the thing is it takes a lot of time. It takes a lot of time. It takes a lot of research. You got to take things to mechanics. You got to put in the fucking work. Your salesman's best day of their life.

Starting point is 01:21:44 their life when you are the person that is the vast majority of people that honestly get cars, they go into the one place, they see a car, they like it, they walk out. You got to put in time. Take public transportation. Even taking Uber's for a couple months, even though it's expensive for those couple months, is worth it over the course of multiple years if you don't get into an insane, stupid loan. And you got into an insane stupid loan. Did you roll over negative equity or something? No, I... This is without rolling over negative equity? No, I had a... I got in a car accident, so I got some money. I totaled my car and I got some money back.

Starting point is 01:22:16 And even with putting that money towards this, you are this underwater. Yeah, because I still know my last car. Oh, you got swindled. Swindled. I had to find a way to get to work. I had to get to work. Uber, you little. And you wouldn't be $10,000 under the fucking whatever.

Starting point is 01:22:33 Whatever. Whatever. What do we do? At the time. At the time. At the time. At the time. At the time.

Starting point is 01:22:38 At the time, everything. Great. What's your minimum monthly payment on it? $2.96. Why do I see a payment of $2.42 then? I might have already been some money in the account. I sometimes pay a little bit over and I'll have a couple extra dollars in there. But it's $296 a month.

Starting point is 01:22:58 I did have to, I think. How is it? How's the car doing? It's not doing well right now. When I get back, I'm going to have to take it somewhere. What? What's happening? It's been stalling a little bit.

Starting point is 01:23:11 Oh, transmission. Hopefully not It's just It'll while I'm driving It'll just kind of stop It feels transmissiony I don't know much about I don't know much about cars though

Starting point is 01:23:23 Me either That's why I'm like I don't know But that is at least What happened to me When my transition was found In my 2013 Nissan Ultima Yeah and I've been trying to put it off

Starting point is 01:23:31 As long as possible Okay But now you probably can't trade it in And them not catch it Because I was able to get away with that Is that more? I don't know. Still did it.

Starting point is 01:23:43 That's fine. Hey, that's a great idea. I mean, I thought about that. Yeah, well, yours is probably, now. Yeah. But the check engine light comes on and then goes off.

Starting point is 01:23:52 So, like, I have a little bit more time. But the $3,000, underwater by about $9,500 on it. But that's until they know that your transmission is failing. I think I started out with $18,000 on it or something crazy. Look.

Starting point is 01:24:11 It sounds like you had this loan And it's still obviously going to be around forever Longer than the car is going to be around at this pace Yeah for sure I think the car is about to about to bust It's getting there Why'd you have to say that What one talks like that?

Starting point is 01:24:30 What about to bust? Oh, it's about to drop It's about to die It's about to die Yeah, it's a 4% It's a good interest rate, just bad loan Yeah Which at that point, I think I was just more focused on the interest rate because that's what everybody was telling me was like make sure you get a low interest rate.

Starting point is 01:24:53 So the total cost I don't think I really thought about. Okay, so here's the house. $204,306 and 42 cents is your remaining mortgage. Okay. How much did you put down? Nothing, because it was the first time homebuyer. So I got the... FHA?

Starting point is 01:25:12 Yes. So you put a little down, but... Well, yeah. I think, I think, well, I had to pay off credit cards to, to get the loan. I think I had to pay off the care credit, the, I had a Home Depot card, and then. Yeah, but, yeah, to, and I put like, that's $1,176 on a monthly basis. Yes, it is. Type in the address.

Starting point is 01:25:40 Send in a new construction zone. Type in the address. Not the right one. Right, you know. Oh, okay. Well, oh, no. All right. She has an equity position of, wait for it, $300.

Starting point is 01:26:17 Are you serious? Which means if you sell it, you definitely lost because you're likely going to pay 6%, 3% to the seller agent, 3% to the buyer's agent. That's not 100% required these days you can negotiate that. But, um... Well, I was planning on staying in it for like seven to 10 years. Yeah, you plan on it until. something happens where all of a sudden you can't. That's not how that works.

Starting point is 01:26:37 That's all you need in an equity position. You need a fully funded emergency fund. All I saw was max out credit cards, so fuck you. Sorry. But that's not how it works. Also, that's going to be a harder house to sell. I mean, it's $1,200 hundred square feet. You usually want at least $1,500 for resellability.

Starting point is 01:26:51 Three-bed, two bath, at least you do have that because that is kind of the minimum that you'd want for easy resale. But it's going to be a harder time for you're going to be looking for either a starting family or a first-time home buyer. Oh, that's for sure. Well, that's what most of the neighborhood is. But you've limited yourself. Yeah, but it's in a great area.

Starting point is 01:27:07 Oh, I'm sorry. Oh, I'm sorry. What? No, I'm not going to hurt your feelings. What? Go ahead. Do it, do it? Do I?

Starting point is 01:27:18 It's just, it's the landlord special. The landlord special? What does that mean? It's very 2015 renovation. Gray floors. Oh. Gray floors? We can't be doing gray floors.

Starting point is 01:27:34 gray or great gray you don't like the dart is that not good I thought that was way better than light colored yeah it was good 10 years ago I think it's still great

Starting point is 01:27:48 lightwood now is what our phone's getting new yes that's what my last house was and it just tracks too much you can see everything on it sure but I'm just thinking resellability again you'd be selling a house that seems dated yes

Starting point is 01:28:00 I if I know anything it is a little at least real estate. That is like my passion. I didn't know if Flores went into it that much like that. Floors go into it that much. Have you talked to a white woman? I am a white woman, unfortunately. Didn't know about that one.

Starting point is 01:28:22 Regions. Yeah, that's my personal account. $325 in a checking account, but we have a mortgage. Good. Okay. Oh, winning's got some bullshit. Winning got some bullshit. And Panera.

Starting point is 01:28:34 Oh, good. It's awesome. How much the Did you fucking Spent? What did you do? What have you done? Where is it?

Starting point is 01:28:48 I could find it. Where would it be? Yeah, almost $500 going out to E and almost $500 on Miss Laney's bull. Yeah. Going out to E's Xaxby's cash apping out, Spotify, Cash App and out. Spotify, Cash App going.

Starting point is 01:29:11 Where's Cash App going? Either to my boyfriend or my mom. Okay. Okay, great. Why? Okay. Apple, Chick-fil-A, cash-app, cash-app, chich-flay, Rusties, can't... Winning, Gossip. Okay, when you go to the gas station for $3, what are you getting? These. Oh, you f-f-ck, why can't people buy in bulk? Are you guys actually... Is humanity failing? Humanity's failing? Why can't you buy in bulk? I'm so...

Starting point is 01:29:33 The cans are smaller if you buy in the six-pack. The cans are smaller. What, Basko? Your little tit? I don't know. I need to... Monster! Monster! Bards and Noble! Go to the library. Monster! Monster! Monster! Monster! Bards! Monster, Monster, Rusties, Jimmy Johns. Monster, Rusty's, Monster, Monster, fashion, no, something. Famous footwear, Chick-fil-A, Rusty's, Amazon, Monster, Torrid.

Starting point is 01:30:00 So the Rusty's... What, the rental car? Torrid? Is that what it is? No, that's the clothing we're in. No, great. Clothing. Monsters, Nintendo, Starbucks, Nintendo, Apple Bill, Netflix, Monster Rusties, Monster, monster, monster. I have, there's a cafe at the office that I work at.

Starting point is 01:30:17 Great, pack a lunch. Congratulations. You figured it out. You bought a new kitchen. Use it. Well, yeah, but the, the, the, the, the, down there, they have like a little grab and go section. Great. Pack a lunch.

Starting point is 01:30:26 You just got a kitchen. Use it. Yeah, I try. Objectively not. Objectively not. Lady. It's not true. You even knew.

Starting point is 01:30:39 You felt it coming. I've conditioned you. Was it Pavlo's dog or something? That's me. Savings went down $200. Yeah. It's not looking good. You have $1,900.

Starting point is 01:30:55 I'm glad you have that, but it went down. Yeah, we got, I got my deposit back from the rental, and then I put all of it and say, I think I put like $500 in savings. But something came up, and I had to pull out. And I had to pull it out. Wait. What? In this account is McDonald's, McDonald's, Domino's, Editors, Bakery, Cracker Barrow, Amazon,

Starting point is 01:31:20 Piggily Wiggly Monsters, maybe, Blue Tequila. What f' you doing? What are you doing? It's going down in Amazon Sonic. Shake, Shaq, brew. Come on! $50 in this savings account? Both!

Starting point is 01:31:37 Oh, and then in the savings account, a dollar went down from 500. Oh! 401K, $12. 12,000 actually a weird surprise to finish these documents with. Okay, a surprise, for sure. That's one thing I don't touch,

Starting point is 01:32:02 401K. And you better fucking not. Don't even consider it. Don't even let that be something that you acknowledge is possible. No. Okay? It's not there. Okay? Okay. Mm-mm. No, no. Rach. You want me to start grabbing...

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Starting point is 01:33:22 Your mortgage, 1276 and 21. Okay. How much does he provided the mortgage? We each put half of our paycheck in to the joint account, every paycheck. I don't know what the half of paycheque? How do you split the mortgage? Is it down the middle? Yes, down the middle.

Starting point is 01:33:38 Okay. I'm going to divide that by two. $753.508. So if you guys don't break up for financial sake. Utilities. How much do you put towards utilities? 150. Probably about 300.

Starting point is 01:33:59 Is that including the Internet? Yes. Okay. Your phone bill. Well, we have a joint phone bill. Yeah, you're a fucking half then, please. Uh, $150. You're cheated.

Starting point is 01:34:12 Okay. Uh, gas, just you. Driving room, grooming. Probably about $100 a week. A week? Okay, $400. Yeah. Car insurance, your portion, if you split it.

Starting point is 01:34:24 131. Okay. You can contribute $300 to the food pile again. Use the cookbook. Use the cookbook. If you want the physical version, just download simpler budget. Select the annual version. TP fund.

Starting point is 01:34:40 You can do $100. It's makeup. It's anything you need. TP fund. Medical health care. 107 a month. Okay. For what?

Starting point is 01:34:51 It's for dental health, all that. Is that before your pay hits or after? It gets taken on the patient. Okay. I'm asking what's... Oh, sorry. Yeah, what do you have to spend on health care medical on a monthly basis? I have medications for probably like $50.

Starting point is 01:35:06 What about Jim? Nothing. I need one. That's what we need to budget. No subscriptions. You have five pets. Health and age? Of the pets?

Starting point is 01:35:17 Yes. One of my dogs is two. Okay. Health? He's good. Good. Perfect. Okay, there's 40 bucks for pet insurance.

Starting point is 01:35:25 Next. Another dog. She's eight. Nope. Next. The cats. I got three cats. Cat number one, age health.

Starting point is 01:35:35 Cat number one is six. and he's the one that was at the vet recently. So, nope. Okay, next. He's about four. He is invincible. He won't ever get sick. He's good.

Starting point is 01:35:46 There's 40. Next. The little kitten, she's about two years now, and she's okay. She's good. She doesn't get bad hills. Okay, there we go. $120 to pet insurance. Pet food, how much on a monthly basis?

Starting point is 01:36:00 Oh, well, I've had to put them on special food. So, 40. Probably $120. Anything else that has to be in your budget before I add it all up? No. Jim budget, if you want that in there. You want, okay, yes. Yeah?

Starting point is 01:36:23 How much you need? Probably like $20 months. Okay. Yeah, you need $3,951 and $74 to live on a monthly basis. You make $3,600, and that's with you splitting the mortgage. So you are underwater. Listen, you might be in a situation where bankruptcy is kind of the way out. Keep the house, keep the car, you're rid of everything else.

Starting point is 01:36:50 Or you're just going to have to go work 80 hours so we can grind on this slowly and it's going to take, I mean, let's say you make a net an extra 500 after you're living in. So you need to make an extra, let's call it, next 800 bucks, but you have 500 left over. Okay, 70,000 hours of bad debt. Again, this is not including your mortgage. divided by 50 70,000 by 50 500, I'm so sorry

Starting point is 01:37:20 70,000 divided by 500 it's 140 months I mean even that still takes 12 years and bankruptcy would be off your record at that point but do not go through bankruptcy until you change your behavior again download the simpler budget app take all of our classes we have four classes now including real estate which would have prevented you

Starting point is 01:37:40 from getting in this mess. But you got to take the budgeting one first for sure. You get them all for free. If you think bankruptcy is probably one of the other better options? I mean, even if you bring it in $900 more a month than you are now, it's like still not making it. It's not making enough to. It's 12 months before you can even start saving for an emergency fund.

Starting point is 01:38:02 Years, 12 years. Oh. It's bankruptcy situation potentially. But you do not enter it. You do not go into it until you have proven you've changed your behavior for not three months because that's the most you've ever been able to do, maybe six months. If you prove that you do not spend on debt, do not build debt, are able to stick to this hardcore budget for six months. Then I will allow you to go through bankruptcy. And it's not cheap.

Starting point is 01:38:28 It's a few thousand bucks. And it can be stressful. Yeah. Yeah, my dad's been through bankruptcy before. So that's such. I'm not like father. Spending a budget, you overspend zero. 10 debt. Look how long it takes the pay off. I mean, the balances of prudel. It's basically as bad as you get without collections or IRS debt. So one out of ten. Emergency fund. There's nothing there because I was a checking account that I looked at. But I'll give you a one out of 10 for at least that checking account, but it went down. Retirement, it was at 12,000? Yeah, about $60,000. 25, in terms of scaling to get there. Yeah, about 7 out of 10 to get the one times your income by the time you are 30. Real estate, no equity position. At least you're there, though. So with the market does,

Starting point is 01:39:08 go up, you'll gain it, but you're still in a risky position. So real estate three out of ten. Good luck having to make any repairs. You're not ready. Well, I get a home warranty for at least a year, so that covers the first year, at least. Yeah, and you're almost halfway through that. Yeah. It's coming handy, though.

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Starting point is 01:39:43 It's the fastest growing on the platform for a reason. We can call a dream of his boyfriend if we want. And I'm curious if he knows how much. Yeah, call him. Hi. How much bad debt, not including the mortgage, do you think your girlfriend, not wife has? 15 grand.

Starting point is 01:39:59 That's adorable. Why aren't you guys married? Why are we married? Yeah. Well, to watch the financial audit post show. Click the join button below. can't reason with the sun. Trust us. We've tried. This summer, it's time to put that angry ball of fire on mute. Columbia's Omnishade technology is engineered to protect you from the sun's harsh rays

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Financial Audit - Trust Fund Princess From Hell | Financial Audit

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