$70,000 In Debt Simping For E-Girls | Financial Audit

26:23That is 888-973-3978. Break free from the high interest trap and get your finances under control once and for all. I've used DollarWise. And I've used Dave Ramsey something, whatever. Okay, well, why the f*** don't you use it other than just set it up? Because you wouldn't know the answer to this question if you did. Because it's like, I was trying to set it all up and I know it's very easy, you know, to do it. Yes. But then I was like, I got this. So I did it. Google Sheets. You, in fact, did not got this. I thought you spent$300. It was$1 ,000, just under. Okay, going out to eat. Yes, food that wasn't groceries.

27:11Yes, yes, yes.

27:15What was your major? Zoology. Ah. Yeah. Yeah. Yes. Okay. That makes sense, doesn't it? It does. Yeah. Okay. What's your favorite animal? Well, I mean, I got to say it. What's your favorite animal? Siberian tiger. Very good. But I just got to say, at least I finished college. I dropped out and decided to do something with my life, yes. Well, I'm doing something with my life. You're poisoning a city. Well, I'm trying to take the fluoride out. I'm trying to advocate for taking the fluoride out. I don't think that's what got Flint. No, that's not what got Flint. And I know what got Flint, but that's not me.

28:02I'm trying to help the water. I pet the giraffe and I poison the people. I mean, I'm being told you're just endlessly obsessed with gift giving. Yeah, I'd say my love language is just giving. To who? Literally anybody. I mean, I can go into it, but mostly my family. I love just giving gifts if it's not even their birthday. I just, if something reminds me of them, it's like, that's how I want to show appreciation. What about the insane amount of money you've spent on galaxies on TikTok lives? That's gift giving? Technically, but TikTok's taking it. They're getting most of the money, but I don't know how else to give them the money.

28:45Why are you just going out and just giving everyone galaxies though when you can't pay your own damn bills? You ever spend it by$1 ,500? Um, you know, sometimes I want to show my kindness. Like, that's just from my heart. And I just, I wanted to buy those coins for TikTok. Uh-huh. Yeah, to give them galaxies. Well, who are you even, who are you contributing to? I'm contributing somewhat of an amount of the galaxies to the actual. Who are you giving them to? People that have, like, no viewers. And like moms and people that probably need them. I support single mothers. Yeah, I'll always support single mothers.

29:30How many have you made? How many have I made what? No, they say f***ed nut is the most powerful. I must be that because I don't know what that is.

29:44I really don't.

29:49I am the f***ed nut. I mean, essentially, that's what I just said. Translator, you just got corrected. You just got owned. By Mr. Galaxy. No, to be fair, it's not that much for a galaxy. Yeah, but I'm being told you just go into random ass people's TikTok, just endlessly random people and just gift galaxies galore. You can't do this in any way whatsoever. How could you possibly justify this in an affordable way? Uh, I set a budget. I only bought a certain amount of coins, so that's a budget. You set a budget, but you overspend by$1 ,500 and you thought you spent$300 going out to eat, but you spent$1 ,000.

30:29What are you talking about you set a budget? You wouldn't know a budget if it was in a f***ing zoo. Well, now that I know the Austin Zoo doesn't exist, uh... I think it's like a petty, it's like a little thing, but this is not what you think it is. Okay, it's like a wildlife sanctuary. Oh, that wasn't the point. You can't have me talking about Austin Zoo. Well, no, only like 700 more eating out than I thought. That's not too bad. I have a budget, but it goes towards galaxies, and anything left over goes towards food. You have nothing left over. You spent$1 ,500 more than you brought in. You have nothing left over.

31:10The way my mind works is if I get it paid. Please, yes. Yeah, I'll draw it. Like this dollar bill I had drawn previously, right? Yeah, let's keep using that. Let's pretend that's now payday, right? First payday of the month. And then I'm like... We're going to add a dollar bill. From this? Yeah, it's payday. Okay, so this is payday, first payday. It's payday. $1 ,500. Can you write payday so I know? Yep. There you go. There we go. One whole word. And then... Nice and big. Let's say it's$1 ,500, right? All my bills come out that are due before the next paycheck. And I'm like, oh, I have like$400 left.

31:51So let's spend$1 ,000? No, I mean, I'll spend like most of that. Foose draw. Okay. Let's say I have$400 left, right? After paying all my bills that are due between this paycheck and the next. Right? So if I have$400, it's like I have$400 to spend. to like on galaxies and stuff because I don't have to pay anything between those two paychecks because I'll get my next paycheck and I'll have money for the next bills.

32:31How'd you spend more than$1 ,500 than you brought in then? $1 ,500 more than you brought in. How? How? How? I'll go into Costco or something, you know, and I see like a graphic tee for my sister, and it's like Winnie the Pooh or a cat on it. No, that's not. No, like small little things like that. It adds up. Okay, the items. I get it from a very literal how. I get it. I mean more if you are budgeting and you know you have 400 left over, how then are we getting to the place in your math where you spend$1 ,500 more than you make and you didn't know? Oh. In your equation, your grand equation. Yeah, it's not a finished equation yet.

33:14I would love to see the conclusion. Okay, so$400 left. I spend whatever amount, and then I'm like,

33:25well, you know, the credit cards are essentially like free money, even though it doesn't exist, you know? Because ever since I bought my first credit, my first credit card when I got it I was like you know I should be smart about this use it as a debit card right but since I have like as many as I have now it's like come on if I have enough credit limit left it's like that's how I do it I mean if I don't have enough from the 400 left over from that one paycheck it's like okay so when I spend everything that I'm paid for my job I then switch to a credit card. But because it's not tied to my primary checkings, I don't view it as money that I'm spending.

34:15That bill comes later. You get what I'm saying? I get what you're saying. Why do they approve you for credit cards? This is helping me understand myself. Thank you. I'll hold your hand at the zoo later.

34:31All right, let's get into these numbers. I'm going to die. I'm going to die. Let's send Brandon back. Hello, please. What if we all three go to the zoo together? That's okay. Goodbye, translator.

34:49Listen, ladies and gentlemen, I hope I helped this man. His worldview is very weird, and I'm trying to get through, but this will still end up being a productive conversation in the end because I guarantee you, you know someone in your life just like this, and hopefully just send this to them and show them what they look like. Okay. I want you to give me a score from zero to ten on your entire finances, your financial score, what you think it is. Zero is the absolute worst. Ten is the absolute best. Where do you think you stand? Previously? No, where do you stand now? Right now I think I'm at like a one and a half.

35:31Very good. Where did you think you were previously? Like that matters for some reason. Because I thought I was at like more of like a two and a half, three. You're trying to tell me you previously thought you were something else. Not that you previously were something else. You're trying to tell me what you thought about. Like you're telling me about a dream you had last night. Yeah. I have dreams quite frequently. I care what you thought now, not what previous thought you had. Okay. Ladies and gentlemen of financial audit. This is one of the most exciting. The Burlington Coat event is back. Buy a coat now through November 29th and get$5 off your merchandise purchase of$25 or more from December 6th through December 24th.

36:09Plus, Burlington is donating 50 ,000 new coats to help those in need nationwide through our partnership with Delivering Good. We've been keeping you warm for over 50 years. We'll see you at our coat event. Burlington. Deals. Brands. Wow. Visit burlington.com slash coats for details. Moments in this channel's history. You know I've been working on building all these educational tools. our budgeting app, all this crazy stuff over this past year, because that is where my passion is. We finally did it, and now we put it all into one program called Dollar Wise Central. You get the premium version of my budgeting app.

36:43You get the cookbook mailed to you and signed by me. You get to learn about debt, investing, budgeting, real estate, basic beginner stuff, and finance all the way to the advanced stuff, collaborated by experts with the lowest refund rate in the industry for a reason. And guess what? If you are struggling or you want to learn more or you want to change your life in any way whatsoever, like literal tens of thousands of people have done with our programs, go to dollarwise.com. Click that link below. Your life will change. It'll be incredible. And I am here for you with an incredible support team that you can reach at any time.

37:21This is a no brainer. Dollarwise.com. Let's go. If you want to know where you stand in the world the finances. Take the free Hammer Financial Score assessment at calebhammer.com. It's free. See where you need to improve. Where are you doing? Great. It just takes a few minutes and you'll see where you stand. And if you don't want to be like a guest who ends up on the show, I don't know if it's going to help in this case, but make sure you download the DollarWise budgeting app. Take the free trial. Sign up for the annual version if you want to save a lot of money. And when you do, only for a couple months left, I am giving my budget-friendly cookbook to you, signed by me, mailed directly to your door.

37:58Okay. Okay. Dollarwise.com. Learn more about that. I'm, I'm, I'm, okay. Um, let's see. What have we got here? Oh, a checking account. That's rare. Usually we start with a credit card. So, so unfortunately it probably means something's interesting here. The available balance on your account wasn't enough to cover all recent purchases and payments. The account activity detail is available on the next page. Your available balance was negative$39.55 on the date this was... You're overdrafting. Why are you overdrafting? For hoodies or for hoodies we're overdrafting? Because it's not real? Well, you know what's real?

38:43The penalties that you have to pay. Like I was saying before, and I've heard people say it before too, it's like the late fees and stuff like that, they're not that much compared to like compared to what? You don't have money. You don't make money. I mean you make money but you spend it all. You don't make enough to cover your s**t if this is what I'm saying. Well I think I do. I mean what? Okay the numbers they might say something. The numbers basically. What do they mean? Yes. They're more coherent than you are. by far i mean not not by that far i mean i'm pretty coherent i think these pictures i was drawing and the way i like say things yeah buddy that's the furthest you got on a picture was three items well because i was too busy explaining okay i'm not good at drawing i'm not a multitasker i'm very much so not a multitasker are you a singular tasker i'm a singular tasker are you Sure.

39:48Oh, I am. You're able to even do one. That's the thing. I start doing the one task, the single task, and then I get distracted. And I don't finish that task until after I start three other tasks. What about the task of having enough money in your checking account? It's kind of down in the list of priorities. Why? Because - But you just said, I make money. I have enough to pay my bills. That's the truth. Bop, bop, bop, bop, bop, bop, bop, bop, bop. That is what you said. Bop, bop, bop, bop, bop, bop, bop. Yes, in your own words. Okay. That's obviously not true if you have negative money in your checking account.

40:29That's not the most negative it's been for. Great, it's a competition. What's the most negative it's been? Negative 700 at once. What? Yes. I've never heard of that. For what? So. For why? It was like that same situation. I had like negative 39, but then my car payment came out on top of it. Why weren't you preparing? Why weren't you planned? Believe it or not, when a car payment comes out, that means it usually comes out on a monthly basis, on a consistent basis. Yes, that's correct. Sure. Your car payments come out once a month, but it was just this one time, Kayla. Trust me. I don't. I trust myself though.

41:11Good. Because if it was negative beforehand and then I was like, oh, shoot, my car payment came out and I was distracted with other things, you know? What, you're going to use the TikTok ADHD brain as an excuse to miss a car payment? That wasn't getting lost in a sentence or a drawing. That's a monthly bill that is due every single month on a consistent basis. Yes, and it's written down in my calendar. Clearly, that's not enough. You have to use a digital app, dude. I do need it. You wrote it in your notes pad? Yeah. Great. Put it on the calendar. Set a reminder. Uh, yeah. I mean, I don't like having a lot of apps on my phone.

41:52Can I see these notes? These special notes? The notes? Yeah, they definitely don't have a manifesto in it of some kind. Please. Uh, I mean, I don't know if I have the notes on hand. But you said they're on your phone. Oh, the notes for what?

42:11Brandon, I sent you away too soon.

42:15You just talked about you have a note where your car bill is due on a monthly basis. Yeah, like on my Google calendar. Good, good, good. Let me see. That's what I was trying to get at. Yeah, the same topic we've been on. Yes. So you want to see it? Oh, let's. Third attempt.

42:36I'll unlock it here. Huh? You want to see it? Yes Right Yeah Car payment It's on the 5th Discover payment On the 12th He has these in red And I get the notifications You get the notifications So what's the excuse then For Saturday long runs At 5am Pay mom Pay mom On Friday Oh Yeah it's the twice a week Can't wait to learn more about that Twice a week Or twice a month Oh it's twice a month yeah Every two weeks. We got you there. Here we go. Senior session. On Sunday, there's a senior session. Photography session. I take senior photos.

43:26Do they have to go away from the school for you to be able to be there and participate? I mean, it depends who you ask, but yeah. What about the state of Michigan? No, I mean, sometimes they allow me on school to do it. With special permission.

43:47I'm just joking. Or am I? I hope so. Oh, upcoming. These are processing. We had Taco Bell. The Colony Club. Quarana Attractor Supply. Chick-fil-A. Colony Club. Colony Club. Spotify. Yacht. All of that was processing. That wasn't even purchases that were officially done yet. Oh, good. And we started with negative$141.41. On what? The checking account. The account we're talking about. This is still the same account? It's still the same account. Okay. So the reason that I went to all those places is because... You were hungry? Well, yeah, because I like food. It's your actual reason. That's my reason.

44:41I like food. And no, those were like events, you know. Chick-fil-A was an event? No, the Huron Club. Taco Bell was an event? The one thing I was referring to was an event. Not all of them. Klarna Tractor Supply was an event? Spotify was an event? So the Klarna was not an event. You're right. So the one time we saw the yacht. It was a yacht club. It was a... I believe it was... I don't remember what holiday it was, but it was like an event in a tent party. So I had to buy drinks, obviously. It wasn't a holiday. It was well after the 4th of July when you swiped on it. Memorial Day? When's Memorial Day?

45:21Or am I way off? Not two weeks after the 4th of July. Okay. Well, either way, I was hungry. I mean, that explains it. We don't need him for the interpretation because I'm good at it. Oh, f -

45:37That's a nice shirt you got. Thank you. Nice colors too. Green and white. Yeah. It is. It's a better green though. That hot flash is all shifted. My nipples are killing me. I don't think so. And it's okay. Listen. I'm just gonna say this. Both football teams suck, but at least mine won. my hockey team won the national championship last year and you guys got kicked out beyond early because Michigan State has a pussy-ass hockey team. Well, I'm going to fully disagree on that. The Broncos, for the first time ever, are national champions. We won. Yeah, you won what, though? The national championship.

46:23What, of D4? Division I, we beat you guys like four times. you know the nation the united states division one ncaa the top dog uh the biggest in the biggest conference in the best performing conference ncaa h well i'm gonna hc sorry i'm gonna have to be like shown that they won that because i don't believe you

46:50okay well here we go you're telling me western broncos hockey won the nation nationals There are no bad days ever in Kalamazoo. Yes. And beat MSU multiple times. Yes. Yeah, no. Okay. How can people from Kalamazoo beat anybody in hockey? Big guy, first of all, we beat you guys in hockey almost every time because you guys do not have a good hockey team. It's the one good sports program we have. Second of all, why are you so confident on something that you don't even follow?

47:35Huh. Huh, interesting. That is very interesting because that looks like a fake. Ah, yes. Google, classic fake website. Yeah, how reliable is AI? That was an AI response. Okay, how about the NCAA website? You know, the one that is sports. Huh. Well, you know, it's, I like to believe it's like Wikipedia. Anyone can edit it. The NCAA website. Okay. All right. Well, either way. That's not the one thing we got. No. MSU hockey is good. I'll hold on to that. It's not as good. Okay. Very good. going in here. We got purchase at wings. Oh, that's what we overdrafted for was purchase at wings. They have amazing wings.

48:30Yes, you overdrafted for it. Well, I didn't notice at the time. How do you not look at your accounts, dude? If you're running close to zero, how are you not looking at your account for every purchase? Well, for every purchase, it's like, no, if you know you're nearing zero, how are you not freaking out when you're going and swiping? because i don't know at that moment at that moment it's like you spent a third of your income going out to eat a third really what do you think a thousand dollars versus three thousand dollars is it's a third i guess it is uh i don't know if anything oh my gosh ladies and gentlemen that is by all technical metrics a better school and university Hi, listen here, Financial Audit.

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51:10Well, you know, it was probably on MSU's fault. It was probably their fault because— You're not making them look better. I know. I'm saying, like, they only accepted me because they lowered their standards. DEI for— Yeah. Didn't earn it. You did not earn going there. No. Are you accepted? Is he? Clinically. I don't think so. Wait, I want to make sure. Are you clinically. Never diagnosed.

51:45But I wouldn't be surprised if, if you know a good doctor in this area. I don't leave till tomorrow morning. So if you want to get. I'm not sending you to a doctor. No, not sending me. Just recommend. And I can go. I'll get clinically diagnosed for you. Stop, stop, stop, stop. just so you can... I think it just... I don't know. You're obviously... What did you... It was in zoology, but... I mean, I never care about this, and I've never even asked this in my life, but I have to for you. What did you graduate? GPA. Let's just say it was... What did you graduate? GPA. 2.97. Okay, so almost 3.0. 3.0.

52:20Yeah, it was all right, but high school I had a 4.2. In Detroit. Yeah. I have a feeling you don't believe me on that. No, I do. In Detroit. Well, is that surprising? No. It's the opposite of surprising. I see it all right in front of me. Well, thank you. Oh, what the fuck? Was that it? Was that it? Just a Wings purchase in the overdraft? That's the entire account? Yes. That's it. What did I just look at? It's one purchase.

53:12It was well worth it. It was one first.

53:22I'm trying to get around to where you are right now. It was one purchase. I did not purchase. You know, I think it's funny too.

53:38I'm just trying to understand it. But it's funny. I mean, that one purchase made it go negative, right? It sure did. It sure did.

53:52Well, I'm glad I can make you laugh, Caleb. I've just never seen anything like that in my life. And I've filmed so many of these.

54:08Oh, man. Yeah, that's the end of it, I think. Oh, you ended with negative$39. Okay. It's better than negative$100. Yeah. It sure is. Oh. Okay. Are those Altoids? Tom. I want an Altoid. I don't know. It sounded like an Altoid. It's a Tom. Okay. You want a Tom? No, thank you. If it was an Altoid, I was going to ask. It's also just from my pocket. Oh. Bass Pro Shop. Classic card. What's going on with this card, big guy? First debt of the day. 53 minutes in. I wanted I'm really interested in outdoors animals You can see from my degree So I wanted a Bass Pro one So I could go fishing Get cool stuff for fishing We maxed out a$2 ,000 credit card to go fishing Out of our interest of animals Is you catching fish?

55:14Well no, I don't catch fish ever I try to But You can use that card anywhere And I did that because I had money left over from spending at that shop, I was like, well, I could use it somewhere else, right? Mm-hmm.

55:39Okay,$1 ,852.93 on here. $422 a purchase is pushing all the way up to almost max. And that purchase was well worth it. What was it? Ray-Ban Meta. The glasses. You're not even wearing them. I have them here. I just, I'm not wearing them.

56:02Dude, why? So, my... Prescription? I've... But these are just sunglasses. No, they're just glasses that record. Not prescription? No. Why would you even want that? The only reason I got it is because if I'm going to wear glasses anyway, I might as well capture more clips. So, my side hustles, right? Photography and pressure washing. I use them for like behind the scenes like me using the camera of which you post where? I post them online where online? like Instagram and Facebook I made pages yeah people book me through I need to see pull up your Instagram I need to see really? alright you're surprised $58 minimum payment which one would you rather see?

56:49pressure washing? Okay.

56:55I have two videos. There's two posts. Seven followers following three. Okay. Well, to be fair, I don't get a lot of bookings through Instagram, but Facebook, yes. Pull up your Facebook. Probably about the same amount of followers, you know, but no. I post on the local community pages. Pull up to photography Instagram. Okay. You go meet high schoolers with your Meta Ray band recording glasses Yeah, but it has like a glowing light so they know it's recording

57:34The parents are always there too, so no need to worry

57:39Come on Stop

57:46It's a little better, I mean you're following more people than you follow so it was probably about to follow follow back.

57:53I was trying to like dumb down the monitor, take all the, not dumb down, that was a stupid word. I was trying to like delete followers that I was following so it would be like a positive ratio of like following and followers. I thought you said you were talking, I was looking for the behind the scenes stuff. You said you post behind the scenes stuff. Oh, well. Oh, but there's a BTS story. Let's view it. That was like from six years ago when I didn't have the glasses. Oh, yes. Yes. But so my ex. That was the whole point. No, I know. The whole reason of the video or the glasses was to make the videos, right?

58:35But I have all the videos and I don't post them.

58:41They're just like in like an arsenal of like I could just - And a hard drive somewhere? I mean, technically, yeah, it's on a hard drive. But it's on the cloud. Governor Whitmer, if you are listening, check the hard drive of the high schoolers. It's on the cloud, too, though. That makes it legal.

59:07You bought them at Bass Pro Shop, didn't you? Right. Because it was there. And then the Port Huron Yacht Club again. the Colony Club again and the Foxfire. What's Foxfire 60 bucks? Mmm, it's food. Dare I ask why? Because I was out with a few friends and we wanted to go out to eat, so yeah. I mean, that's my reasoning. Their food's good. Food's good! 31.24 % interest rate on this. Well, that's on purchases made out of Bass Pro. Which is the majority. As that's where$1 ,500 of the balance is. Yeah. Which 32 % doesn't take that long to pay off. Huh? How long do you think it takes to pay off if you make minimum payments only without making purchases, of which, by the way, you're incapable of not making purchases.

59:58How long does that take to pay off? Please. Inform. Not that long. 14 years. Okay. Just about. 12. That's not that long to you? No. You'll be approaching 40. If I make, at any point, a larger payment. Sure, but you purchase while also not making any larger payments, which is all you do is purchase and bring it to the max over and over again. Well, I don't know. It just doesn't phase me at the moment. Like when I make the purchase. Okay, so that's the goalpost we've pushed. As if it was going to be paid off quick, no, it's not. Now it doesn't phase me. So of which point I ask, what the f*** is the point?

1:00:39I mean, just my main point of all this is just like, you know, like from the beginning, money just is a social construct. I got you. Then what are we talking about? We're talking about like my cards. All right. This is for you out there then. For fuck's sake. We're going to see them under a bridge someday. MSU, FCU. MSU Federal Credit Union. Well done. They got their own bank. We love to see it. What's going on with this card? So that card. This is insane. For your income? What the f***? A$9 ,584.58 balance? Borderline maxed out$10 ,000 credit card. For what? For f*** what? You purchased$500 on there when you only made a minute of the payment.

1:01:33This takes 30 years to pay off. This takes 30 f***ing years to pay off. Right, but... You'll be 55! That's still before I retire, though. You're never going to retire, buddy. It's your... What the f*** did you do? What did you possibly do with a minimum payment of$191? What the f*** is this? $100 of interest. Huh? What's going on here? What the f***? So, that card, I got it in college. My first year on campus. Oh, f***. My, uh... No, it was a year before I went on campus and I was trying to use... It was a year before you went on campus. Right. Because during COVID, it was like 2021, I believe I got that card.

1:02:16And it was like... Oh, that's why you're like this. We were in school during COVID. We're finally starting to see them. I mean, I'm essentially an iPad kid and I... Yes. Yeah. And I don't have social interaction. I'm getting... Yeah. I'm new to it, you know. This is your first one. Yes. Okay, so you opened this card and you didn't have social interaction. So I spent a lot of stuff on it that I did not need. But I justify those purchases because my— You said you were out with friends the other day. That's why you got that previous purchase on the last card. Right. But this, the high balance, has been stuck because the high balance and the interest, right?

1:03:03But when I was in college and I was about to move out, it was a year after I graduated, so last year, I put my down payment of my new car. No, you said you graduated two to three years ago. Right, in 2023. But you're saying whatever you're talking about right now is a year before you graduated, which would have been three to four years ago, and you're saying last year? No, I'm confusing myself. So I graduated in 2023, but I got the car just before I graduated. What? You said you got it in your first year. No, the card. I got the card. When did you get the card? Buddy, draw it. Please just draw it.

1:03:42Please draw the timeline. I can't follow your brain. I need to visualize this. Let's start from scratch, perhaps. I can't get this open.

1:03:54There we go.

1:04:00okay so this msu card i got it in focus on the drawing since you can only focus on one thing focus on get it on paper there's the card i got it in i believe 2021 okay and then it was just It doesn't make sense because you said you got it when you first started college. And if you're graduating in 23, I doubt you started college in 21. But it lines up with your COVID thing. No, it does. Like I started. Were you at community college for two years and then transferred? Well, I mean, I did go to community college, but like my first year of MSC was online. Okay. So your first year in person. Yeah. My first year in person was the end of 2021 school season.

1:04:50Okay. Keep going. So I got the card Day to day expenses I was just purely using that Because I believe during that time I didn't have I had like one part time job So I was like I was just wanting to pay my rent And everything All that And uh And then Skip ahead a few years Of just using day to day Try it Okay I wanna follow I'm trying to focus on everything So Focus on one thing And then Focus Focus on the whiteboard Okay I might need help. Just focus on the whiteboard. Don't talk. We're putting music here. Just draw. And then 2020. Just draw. Okay, there's lots of boxes. Okay, this box has wheels.

1:05:38Yes. So this is a car. I had a perfectly functioning car. And then I passed the dealership right after graduation. And I was like, that looks shiny. Does this have to do with the credit card? Yes, I put down payment of my new brand car, brand new car on this credit card. So I put$5 ,000 down payment on this card. Dude, and a f***ing like 30 % interest credit card? In what world? Did you talk to your parents before you did this for any advice? So, well, you said you weren't even financially independent until after college, and you were in college here, right? What's the date? Put the date, put the date, put the year.

1:06:16Okay.

1:06:192023, right? So I got that. Okay. And then on the phone call to justify my purchase to my mom, I was like... This was afterwards? After you already did it? Well, I was talking to the sales guy as I called her. I told her that my old car, the 2017, had a recall because it did. And I told her, the sales guy is recommending me I get this car because it's the other car had a recall. Sales guy, yes. Yeah. He got me a nice car. And your mother said, yes, do this? Yeah, because I was, like, trying to justify it. She was like, yeah, if there's a recall. What was the recall? Nothing about safety. It was just about, like, the screen.

1:07:06I wanted to justify my reasoning. Oh, my f***. So, I mean, I feel like there was a reason, and it was decent. What a f*** reason. It was a reason Had a reason It was a very bad reason I'll agree with you on that Good, I'm glad, because honestly, I wasn't so sure Okay Well I'm just saying That This car was worth it Yes Okay Good Good. Somehow even more simple than the previous. Actually, no, we have four things on there this time. A box, a car, two dates, and an arrow. So I'm doing better as we go along. Wayside Central, sushi, twisted fork. Wayside Central looks like we're going in and getting some bullsh** at Wayside Central.

1:08:07Going in and getting some BS, the Burden Grill, and going in and getting some BS. And cottage in, cottage in. And Chuck's Shop and Save. Yeah. You ever heard of those like Amazon like reper... Like it's like a mystery box. It's like... You're mystery boxing from Amazon? Yeah, it was like this resale store and they had like the Amazon packages that don't get claimed. And then they split it. And this is American consumerism's fault, not you. I mean, just the idea... You're going to a store no one has ever heard of in their lives. and buying mystery boxes from old Amazon items. Well. And that is America, not you.

1:08:51I mean, technically correct. Because just them putting out the idea that like, I mean, isn't that enticing though? No, not really. Like, you don't know what you're going to get. You might get like a 600. That's the thing about Amazon I like. I know what I'm getting. Yeah, but the mystery of it, it's like you could be getting a$600 pair of shoes in the back. You're not. I didn't. And you won't. Why is that? Because the math of the economics surrounding what is needed to make that a viable business means you will probably not get it. Statistically. Oh. I mean, on some of these cards, I've put, you know, the scratch-off lottos.

1:09:36And I haven't won on them. Our hero. Ever. Our hero. Yacht. yacht BS crafty crab not sure what that is dude you've had thousand dollars of interest last year $704 this year this is crazy and this is at a 12.9 % card as far as credit cards go it's not even that bad it's still really bad I need to be clear but the fact is you lost that much in interest and it's only at 12.9 % that's a crazy this balance is you know interest rate compared to like other cards i was like even though the balance is high i'm like over time if it was a higher interest rate i'm saving money this takes 30 years to pay off well yes if you put this on this card versus a 30 yes you save money but i mean that's it you still lose money compared to anything else lose money compared to the stock market lose money compared to basically any other investment you could do.

1:10:39Real estate, whatever. Mm-hmm. I don't, it's the lowest interest rate of a card I've ever seen. So it's like, oh, 13%. Great. Wonderful. Okay, Home Depot. What are you doing at Home Depot? I told you it was seeing the understall. So this is probably my most, second most recent credit card I've opened. Wow. It was my mom's birthday. Oh. So we go to Home Depot? Well, yeah, because the fridge and the dishwasher that we had at her house, or her house. You gifted a fridge and dishwasher? Yeah. I mean, it was like falling apart, and I was like. Which is lovely. You have no money. I know I don't. You're dying to death.

1:11:24You're not in the position for this. I know, Caleb. Go in with them on something, maybe, at max. Well, it was a surprise. How can you go have these? is, I don't know, a surprise. Well, you wouldn't be able to, and it wouldn't be a surprise. And I'm sorry, your little 30 seconds of joy wouldn't have been there. I'm sorry, but you'd be better off now. If you want to land a high-paying job but don't have experience or a degree, then you need to learn about course careers. It is the easiest way to land the high-paying career that you've been dreaming of. I've done financial audits for hundreds of people, and what I've learned is that the single biggest factor someone can take to improve their life is getting a higher-paying job.

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1:12:34And they have a 100 % free introductory course for each career that teaches you all about what the job is like, how much money you'd make, and how exactly to land your first job was starting from scratch. Click the link below to sign up for one of their free courses today. It's just that, like, I love giving, and I know I didn't have the money in my checking, right? I didn't have the money in my checking. Yeah, you don't have money anywhere. You bounced with literally one purchase to a wing place. Again, I'll hold that to my grave. their wings are good. I didn't say they were bad. I know, but like the negative balance, it's like, it justifies it.

1:13:09You spent double the price. Right. But at the same time, I got this card because my mom deserved those. She did. Is it mom and dad? No, just mom. Just mom. Does she make money? Yeah, she makes about the same as me. Okay. So if you can afford it, she can afford it. And you can't. Meaning she can't probably. But I don't know her death situation. However, it would indicate if you guys came together and went 50-50, maybe that would have been okay. That would have made sense. Again, I'm not saying I don't want you to do this. Right. You can't. I can't. But in this situation, I did, you know. We know you did.

1:13:57And$309 of deferred interest has accrued already. When will it hit buy? I believe it's February. It is February. Okay. So it's supposed to be paid off in five. So you're about to make a trade based on a friend's text. But which you do you listen to? Is it, we could buy a house in Tulum. Get optioning those options. we could lose everything or let's do a little research get your head in the trade and make the investment decision that's right for you learn more at finra.org slash trade smart five months 175 9.53 five months it needs to be a what was it $350 $352? You're not making the payment necessary.

1:15:00Okay,$352 is needed on a monthly basis to pay it off before deferred interest hits. And obviously we need to do that because it is accruing at 30 % interest. So we'd rather save that money. Deferred interest means like that interest won't hit. It will if you don't pay it off in time, which is February. But. But if you pay$352 on a monthly basis, you will pay it off in time. Yes, but those side hustles, I will make sure that it's paid off before then. Cool. You spent$1 ,500 more than you made last month. Spent$1 ,000 going out to eat. Miscellaneous bullshit alone looks like about$900. Unknown shopping, usually Amazon, Walmart, you know, stuff we can't 100 % tell, is an additional$600.

1:15:41Other large purchases, which we'll go over,$330. I don't believe you. Discover it. What's going on? That card I opened as soon as college started too when I was in person. My buddy in college actually recommended it to me, but he was a lot more structured. He paid it off after every purchase like I was originally going to do with all my credit cards. You were originally going to do it. What changed?

1:16:11Consumerism. Oh, dude. No, it's like... Consumerism is still spending. Why didn't you pay it off? And that's because sometimes... The goal. Sometimes I wouldn't be getting his money hours at my part-time jobs. So I would just... You've given me so much confidence from your side hustles to pay off the previous card before the deferred interest hits. No, I mean, I always definitely make sure... I mean, besides like a few late fees I get, it's like, I always find a way to make it paid off. Not paid off, I make payments.

1:16:50Okay, yeah, you made your payment. Minimum fee payment is$118. $97.93 of interest. It takes 19 years to pay off. Minimum fee payments only. Credit score is 664, we see. This is at a 24.42 % interest rate. $665 of interest this year so far. That's two months ago, actually, technically, when the statement was. so i actually called discover and got my interest rate lowered temporary it's usually a temporary thing so be prepared that well i don't know for sure but that typically is it's like usually a hardship temporarily but also they probably close your ability to purchase on that i think because you're not a credit card person you get managed credit cards to save your life listen i'll get you the fizz card debit card that builds credit so i'll get you that if we ever want to upgrade your career as well boost your resume course career certification i'll get you a free Everyone has changed lots of people's lives in the audience and on the show as well.

1:17:46Okay? We'll get you that. And when you're ready to set money aside, I'll also get you set up on the Webull app. It's a good place. Lots of intro balances when you, intro rewards when you get in there. Hundreds of dollars when you transfer money or put money in. And temporary yields up to like 8 % on your money. So there's a lot of good things. And I'll set you up with the resources and all our classes and all that stuff. Okay? But you're obviously not a credit card person. That is as clear as day. Well, it's as long as I thought of that in the beginning that I was. The Fifth Third Bank. It's nostalgic.

1:18:23As a Michigander. Haven't heard of that in a long time. $3 ,309.58. What is going on with this card? $71 of interest. Minimum to payment$103.44. What's this? So that card is the very first credit card I've ever opened. Okay. And I know you technically haven't said that, but you've kind of set up the other ones almost sounding like they have been. But I get it. This is the very first one. Yeah. And it's, I've pretty much kept the same balance because I'll do this like, just do like small little purchases. Like I do like this kind of like. Oh my. The reason you got into this credit card is insane.

1:19:00This debt, this credit card debt on this one's insane. Because you guys have a ritual in college to go on a spring break trip to Myrtle Beach and then you got arrested. You got arrested. For what? taking pictures of young girls no no definitely not the reason but yeah what was the region reason so in college i would go on spring break trips with my friend group and uh yes we would uh we would have fun we'd go out to eat go go drinking and then yeah just yeah that's what they arrest people for i mean yeah uh in 2022 spring break i uh was this card yeah Yeah, I was dragging a cone through the street.

1:19:44Okay, not a young woman back to your place. No. Okay, continue. You're dragging a cone through the street. Yeah, to bring it back to the Airbnb. Because who doesn't want a traffic cone in the Airbnb? Yes, who doesn't? I don't know. Ask everybody. But you love trains as well. I do love trains.

1:20:12Okay. What was your punishment for this arrest? Probably close to a thousand in fees. Because I had to do like a life class, alcohol class, and I had to do like, I believe 24 hours of community service. Dude. In a state that's not even your own. No, they actually wanted me to come in person for court for hearing. Yeah, that would have been crazy. Yeah. 14 years to pay this card off. This is insane. Is it still on your record? No, actually, after this year, it'll be gone. I never paid the$250 to get expunged. Oh. Okay, interest this year so far,$500. That's insane. $25. I mean, this year so far, we've had thousands in interest, meaning by the end of the year, we're going to have multi-thousands of dollars of interest.

1:21:0125.74 % interest rate. Bend a Merle Beach. I hated it. But I'm not a partier. We're back to MSUFCU Oh this looks like a car Was this this very special car you got? The uh Wait no What is this? What am I looking at? I believe that's a Signature loan Yeah You have a personal loan Yeah $776.96 personal loan? It was a$2 ,000 loan For what? And when? Why? So it was my apartment right before I graduated college I wanted to be able to just like make sure I could make my rent payment Why weren't you making your rent payment? Because I wasn't working as much as I... Why weren't you working as much? Why'd you get the apartment?

1:21:46Because I thought it'd be worth it because it was with all my friends. I was splitting it. But for fun. See, it's always for fun. See how this works? No, I mean, like, for fun, like, you gotta have fun in life, you know? Yeah, but you don't have to destroy everything to get there. You can have reasonable fun. You locked yourself into a 12-month contract. That's something you couldn't afford in order to live up the party life you wanted to. Yeah, and I mean, those parties were fun, but it paid for my rent, so. The personal loan, how many months did you have to borrow or pay for on the personal loan?

1:22:24What do you mean? How many months of rent did you pay on your personal loan? Oh, okay. So I paid probably like six or seven months of rent. Half your term? Have a lease agreement? That's insane. Now you're still paying. You were done in 2023, two years ago, and you're still paying your apartment at a 13.49 % interest rate. That is insane. That is disgusting and insane. It's not insane. What? You want to know why? Why? You're still paying for your rent two years ago on a dramatically high interest rate. Yeah, go ahead. Tell me what's not insane about that. Because the way that... Because I had fun?

1:23:06Yeah. No, tell me, what was your reason? So the interest rate on this kind of loan, I believe it's like already calculated out. So it's not like, I don't know how it all works, but it's like 68.23 a month. I don't know. It was like, all I'm saying is like it was worth it to be able to get my apartment so I could hang out with all my friends. You should have worked more and just paid for it. Dude. I did have like... Even student loans maybe would have been better than this. I mean, I did have like three to four small jobs to be able to pay, but I was... Have two real jobs then. Yeah. Synchrony, what's going on with this?

1:23:56That was my most recent card. I needed new tires on my car. The f***? $1 ,270.60? sense? My justification is because it would be three years worth of tire. What will it be? If you get a pop? Well, the reason I got the extra$100 it was going to be like$1 ,100 I believe I got the protection. If it popped, I could get a replacement. $64 minimum payment.

1:24:30Fees? Why is there a$30 fee? Six years to pay this off. Why is it a$30 fee? Because I was in there like the combobulation of like. Combobulation. Yeah, of like putting everything in my Google Calendar. You were in the. What? I missed the payment. Because it wasn't in your special Google Calendar? Why don't you have things on auto pay? If there's one thing that is similar across every guest that comes on Financial Ono, no auto pay. Because I don't want to go as negative in my checking as I can. But you shouldn't be. You shouldn't be spending$1 ,000 going out to eat. $700 or$800. No,$900. I'm misled at his bullsh**.

1:25:08And then you wouldn't be. Yeah, it's a late fee. You had a late fee because of your combobulation Google Calendar. Yeah, I mean, it got lost in the sauce. I was trying to put it all in there. I missed it. It got lost in the random Google Calendar. You're putting random women's names in the Google Calendar, run events, three days of work. It's confusing. It makes no sense. I don't know what else to do. Like, do I put like a different calendar? I don't pay. If you're going to pay them regardless, what's the point then? But the way I have been doing it. Wait. Is this deferred? Oh, it is a deferred interest.

1:25:48That's 35%. It says it'd be paid off mid next year. What are we in? I know. So we need to pay this off in. Let's call it nine months. $1 ,270.60 divided by nine. You got to make a payment of$142 a monthly basis. Pay this off and you didn't. And the late fees certainly won't get us there. I'll tell you that. Got to do that. This is going to accrue hundreds of dollars of interest. Hit that 35 % interest rate of death. And yes, that number is real. I didn't know it was 35. Of course not. Why would we pay attention to numbers if we don't think they're real? That's when a worldview impacts us. Kinch?

1:26:28Sounds like a slur. What is this? What is Kinch? It's my car loan. Oh, f***. Yeah, what's the car? 21 Ford Edge. SEL. Listen, if your income is, that's not thrilling. The amount owing$26 ,836.37 with the minimum monthly payment of, and you must have a long term for this to work,$386.33. What is your term? What's your interest rate? 9.29 I believe What do you think it's worth? Kelly Blue Book told me like 21 18 Kelly Blue Book says by the way So that's a lie and that's private party That's not even trading Deduct about 2 ,000 for trading So f*** off Kelly Blue Book two years ago when you bought it?

1:27:18Yeah maybe So you're underwater by You know$8 ,000 or so And then you have What was it a$5 ,000 max out credit card from the down payment? No$10 ,000 $5 ,000 of which was the down payment. I actually had to increase the limit so that I could put the down payment on. Great. Yeah. This is f***ing insane. This is at 9 % interest. The other one's at 16 % or 15%. I don't know. I think it was 13%.

1:27:47The MSU, FCU. Oh, my gosh. And the term must be, this has to be like an 8 to 10 year term. Probably 8 years. It was like 72, 84. Something like that. What was the interest in your old car? that I have a screen issue? 2.9%. Oh. I didn't know of the 9 % until after. What? Yeah, because I was like. I guess you're right. When your worldview is numbers aren't real, why would you look at the numbers? You see how that f***s you? Do you not see how that f***s you? Well, I do now, sort of, but. How's the car doing? Pretty well, actually. Oh, that's brand new tires. Is it better? Got winter tires, too, up in Michigan, huh?

1:28:28Yeah. Even though you're in East Michigan where it snows substantially less anyway. Yeah, and it helped me move my brother over to Wisconsin. He just moved there and I drove him. Wow, we got$2 ,000 tires so we can move someone to Wisconsin. Yeah, I mean, it helped to do that. But the day-to-day and, like, having that car with the new tires, it's, like, it's nice to have. Very cool. Student loans. So you did use student loans, but why didn't you use it for the rent in your last year instead of putting it on an insanely high interest rate personal loan? Because some of these loans that were taken out, I would use for like day-to-day expenses also.

1:29:14Like what were you capped on on how much you could borrow? What was happening? Could you borrow more? Where were you? I mean, it doesn't sound like your mom's the highest income earning person, which I don't know if you get Pell Grant taxes, but you would definitely get very generous subsidized student loans. No, yeah, we got FAFSA. It covered a lot of the tuition. Uh-huh, but why didn't you get more instead of putting it on a personal loan? I'm not happy you did that regardless and didn't work. Well, you worked very weird or got into a rent situation for fun instead of something you can actually afford because I guess that's all that matters when it comes to getting our degree.

1:29:49It's fun. Regardless, student loans would have been a better option either way. very possible incredible response you remember the question i asked is why didn't you so the reason i didn't is because at at the moment we were me and my mom we verbally agreed that like we just wanted me to like have fun and get through college and get my degree your mom agreed to for you to just around and have fun if i called her right now she would agree with that to not F around, but just to get me through college. Exactly. But you said to have fun. I used it for that.

1:30:30Disgusting use of our money. I'm going to put a$50 payment. You'll get on the repayment assistance program when your forbearance ends. Your forbearance ends is going to, because you were probably on the safe plan, it looks like, right? Were you on the safe plan? Yeah. Okay, forbearance ends will end mid next year. I think it's about June. June or July. When that ends, you're going to get on the RAP plan, the repayment assistance program. It is the new low income driven repayment plan under the BBB. And I'm going to assume that's going to be about 50 bucks a month. Yeah. So that's what I'll put in.

1:31:04Actually, don't need to put that in now. So I'll cross it off. We won't add it to the budget, but you will have to expect to pay that. But you actually have to apply to be a part of that. Or else you're probably going to get auto enrolled into just a traditional 10 or 20 year payment program. But remember, if you stick in this income-driven repayment program, 40 years you have to make qualified payments for you to have a chance for it to be forgiven. 40 years. For a chance? Yes, if you make your payments. Okay. I mean... 40! 40 years is a long time. Yeah, for$20 ,000. I mean, I do make decent amount of income.

1:31:46True, but not after your expenses because you've just maxed out all these credit cards, taking out stupid loans in a car you probably can't afford, while also boosting your checking accounts to their overdraft status. Is that all your debt? Because I have another checking account in front of me. Is that all your debt? I believe it's all my debt.

1:32:12We ended at$2 ,000 for this one. It went up from one. What's in your checking account? right now? Right now, probably$260. $260? Yeah. Okay. Great. Moving on to about 15 % of what was that. Great. Great, great, great, great. Wonderful. Illustrator, Colony Party Store. Yeah, getting some party stores. Probably just booze. Going in and getting some bulls**t. Getting some BS. Getting some BS. Getting some BS, Spotify. Some reoccurring purchased for$30. I don't even know. Staples, Tractor Supply, Bullshit, Bullshit, Bullshit, Bullshit, Bullshit, Bullshit. Going in and getting some BS, going in and getting some BS.

1:32:56Mobile Kitchen, Taco Bell. Facebook, you purchased something. $23.87 Are you doing advertising? Yes, that was for advertising. Better have a return on investment, but I don't trust you to say it does. Pixie Sets. Herrick House Zelling out$250 Microsoft Xbox It's$10 so it's just Xbox Live I think Speedway, yeah he went and got some bulls*** Went and got some bulls*** Senor Tequila Amazon Genie Withdraw Amazon Paypal out Money Bootleggers Bootleggers Yep So the Zelle and all that like the payment. There's another reoccurring purchase $30. I don't know what it is though. I mean went and got some bullshit as well.

1:33:48Yeah there's some reoccurring purchases that I always see that like. Yeah reoccurring here's another$30. I still don't know what it is though. It's blacked out. Some of them. Liquor store. Cabana Blue. Some of the recurring purchases I don't know where they are from. Hellgaters getting some bullshit. Tequila tequila tequila. Dairy Queen tequila tropical smoothie tequila get into BS Photoshop Shop! Applebee's! Google? Google. I don't even know. Reoccurring$30. Reoccurring$30. Oh, shit, dude. You don't even know what that shit is. That's fucking crazy. That's fucking crazy. Oh,$209 in this account.

1:34:26Down for$546. I guess that's your savings. Well done. Acorns,$122. Remember when you sign up for Acorns, it's$20 using my link. It's usually$5. So go get yourself a free$20 to sign up for Acorns. But, and it's good, but you only have$122 in there, so I don't know. Retirement system,$2 ,200. So, you're just getting started off, so I'm not going to freak out about that. Pull up your phone. There it is. Open it. All right. Open and give. Open and give. There you go. I'm going to fucking find this hard drive.

1:35:07Look at your subscriptions He has Peacock, Lose It And Alarm Me Alarm Me? This is iPhone The Alarm app is perfectly good I use it every day That's a$60 thing The reason I've lost so many jobs in college Is because I'm not able to wake up And I was late many times So I had to get a subscription To wear an alarm that would wake me up It's like Does that even make sense? Does that make sense? It's on the same phone. I want to hear it. Get a physical alarm. Yeah, I want to hear it too. We'll listen to it in the post show. But get a physical alarm if that's your issue. I have three physical alarms.

1:35:44Okay, we got it. Do you? I have four alarms on my desk. Yo. You have a girlfriend? Yeah. She live with you? No. Mm-hmm. Yeah, body wash. We got it. It's like 10 in one shampoo. running shorts, running shorts, mouthwash, picture frames, monster, ultra, energy. A lot of picture frames. I shared this. Cruiser accessories, dazzle license plate. That's not mine. Car coasters, charging thing, sparkling ice, black raspberry, sparkling water. How much of this is yours? Because we got Diet Coke, then we go back to the monsters. I'll probably stop it there because it looks like we're starting to recur. But I don't know what your$30 reoccurring thing is that popped up like five times in one month in your checking account.

1:36:35I'm not sure either, but there's sometimes in the past where it's like there's these subscriptions for like Disney Plus and I can't figure it out. And I one time I figured out that it was someone in Florida that was using my card. And I just for the year and a half, I just let it go because I couldn't figure out where it was going. Your debit card? I believe it was my card. What are those purchases? What does it say in your phone? The$30? Yes. I can double check. I'm not really sure. Yeah, you can pull up your checking account real quick. I'll start adding up your shit while you look.

1:37:11It was$30 even, you said? Yeah, constantly. Do you have an unredacted version? Oh. That you're able to look? Oh. I have, like, on the actual web for my fifth third account, I have, like, this automatic transfer to my savings. That's what it is? Okay. It gets, like, once a month. Your savings has nothing in it? No, but that was$30 like five times a month. Oh. No. Okay, your debt minimum fee payments are$1 ,419. If we do the Home Depot and synchrony card minimum fee payments required to pay it off before the deferred interest is set, which I think we should. Except can we? I no longer know because that is already half your income.

1:37:49$3 ,100 is your monthly income on average. What is your rent currently? $600. Okay. Detroit, ladies and gentlemen. internet gas electric all that good stuff all utilities combined uh all those are included so it's only 600 detroit ladies and gentlemen phone bill uh that kind of ties into the 600 my mom helps me with that does she help you with it or does she pay it i'm on her plan does she pay it do you give her money i give her money how much do you give her i believe it's like $25 a month. Okay, when you need a switch, if helium's good in your area, do helium. We like helium. You'll probably be at$15 a month for the same service as T-Mobile.

1:38:34Okay, gas, vroom, vroom, drive, drive. Very car-dependent city, Detroit. I spend a lot of money. How much is that? Probably$300 a month or more. Car insurance, how much? Or more? Okay, I'll say$350. Car insurance? About$130. Highest car insurance state costs, by the way. Michigan, fun fact $300 for groceries use the budget for in the cookbook meal prep meal prep meal prep warm up and microwave TP fund anything else you need to survive $100 medical healthcare are there copays and what not uh yeah it's$30 copays yeah but how frequently I only go to the doctor like twice a year maybe okay then I'm not putting it in your budget is necessary subscriptions we'll try to say $30 do you have any pets uh my mom there's like four cats and I help sometimes to buy their stuff.

1:39:24Don't. She does. You need to get out of this. You need to get out of this. It's time for you. We need to separate. I'm sorry. It's just like you, I don't think, I don't think this budget's gonna actually make you to a survival point. So we definitely can't pay for anyone else's shit. And we don't know what her spending looks like before you even support her. Yeah, because you break, you barely have money left over. $2 ,954. meaning if you do this help, you're barely breaking even and that's if you don't have any funds spending at all. But still, this gives you$146 left over on a monthly basis.

1:40:00You have, student loans will do minimum payments until we pay off. So$70 ,561.06 of loans. We are going to minus the$20 ,646.46 of student loans. you have$49 ,914.60 of bad debt. At$146 a month, big guy, that is 341 months. That is known as 30 years, rounded. 30 years to pay off the debt. So this is impossible. This is impossible. And here's the thing. This is kind of a, this is the thing, and I'm going to call her and I'm going to yell at her in the post show. I have a note here that the girlfriend is not supportive of his financial journey. He even told her, apparently, in my notes, that he needs to spend less money and she did not like that at all.

1:40:51So I'm going to call her. I'm going to... It is time to have that confrontation and that real talk because this is impossible. This is impossible. So a couple of things I'd recommend. One, different career path. Get in, make more money that helps and then still live the same lifestyle that I budgeted, not elevated, not the lifestyle you're currently living. Then you can pay off the debt quicker. Go get a second job. We know you have four days off a week. go get a second job. You need to bring in more money. That will help pay off this debt. Bring it to an extra$500 a month. And all of a sudden that, what was it?

1:41:26Like$50 ,000 becomes paid off in a hundred months. It's not great, but it's eight years, certainly better than 30. Bring an extra thousand dollars or bring it down to four years. There we go. That's doable. Or number three, prove to me that you can make your minimum monthly payments required and not spend money on bullshit. Follow this budget for three whole months, three whole months and then I will allow you to go through bankruptcy that won't you're not gonna well let's not use the car in that even though I would definitely get a cheaper car if I was you but unfortunately the math doesn't work for that and two actually yeah maybe get because then you get a predatory loan to get a 10 ,000 dollar car uh car we might deal with later but it will at least get rid of the credit cards and obviously not student loans and probably not and definitely not.

1:42:12We won't do the car. Those are the three options I'll let you consider. But either regardless, it needs to be three months is what I need to see. And then I'll talk to you again of perfect following this budget. No questions asked because you don't have the wiggle room. That's it. And then we'll talk strategy. Those are the three paths. All right. I'm going to call his girlfriend in the post show. So make sure you subscribe to Hammer Elite to come watch. Well, let's get his Hammer financial score. Spending it a budget. He overspent zero out of 10 debt horrendous for your income, but there's no collections IRS debt.

1:42:42One out of 10. Emergency fund, not even a thousand dollars. Zero out of 10. Retirement for your age. Being on track with where we need to get to by 30. It's not 100 % great. You are just getting started two out of 10, but it's expected to be two out of 10. Real estate as expected right now is zero out of 10, but spending your budget doesn't have to be zero out of 10 right now. Debt doesn't have to be zero out of 10. And emergency fund doesn't have to be zero out of 10. Okay. Those don't have to be far. At your age, the expected low ones are retirement and real estate, and those increase with age, and that's reasonable, and that is fine.

1:43:14Okay, that's going to be a Hammer financial score. Barely made the cut to round up to a one out of 10. Click that join by and join Hammer Elite for three premium shows posted every single day, Monday through Friday, including the post show and extra 20 minutes of this episode where we are going to call the girlfriend and have a very tough conversation. I'll see you guys there. Gary is planning really, really, really wants to move to South Carolina. How the f*** are you going to make this move? Gary needs a wake-up call. You're going to call and tell her now. I ultimately want to, like, move down to South Carolina.

1:43:49No, um, we're, I thought we were not moving. I've not wanted to say this to you because I know you like to go do those experiences and all that. Yeah, well, that's, like, called being in a relationship. Exclusive members content? Click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content.