Debt Princess Begs Daddy To Save Her

0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube. Why don't you pay your bills? What's the point? I'm already screwed You're talking about no no no no no You pay, you make progress, you get out of it And then you're not screwed I'm single but like I'm dating around Okay, what dude in their right mind Is gonna possibly Possibly date you? I grew up hearing no a lot If I ask them would they agree? Yeah Hi, I'm Aubrey, I'm 27 I'm from Johnson City, Tennessee And this is the Financial Audit the financial i've had a couple of those oh sorry i want to do it again no it's fine this is funny it's been a couple in a row saying that so thanks for coming down what do you do in tennessee for living so i've worked for my dad for like the past five years he has his own hardwood flooring business okay so yeah i just do like inventory and job site management stuff like that whatever he wants me to do i just do that yeah and i really enjoyed it but i was kind of like i really want to do something not working changed yeah yeah yeah oh what do you do for a living well that's when i moved to colorado and i started working there so you're from tennessee so when you mean from like og from that's not where you are yeah you're in colorado i'm in colorado now where are you in colorado um so i am in avon colorado but i work for sorts do you know so is this no is this uh like a resort town yeah okay resort towns can be kind of expensive depending on the resort town it's so expensive yeah they get real interesting markets no no it's a very unique situation like i didn't know anything about it and then my sister-in-law she told me about it and i was she's like you should apply to like work there and i was like so what do you make what's what's your current position with them so okay so i'm in transition right now i was a lift operator but when i come back i'm gonna work for the golf course as outside services golf course okay so summer part of the resort yeah okay and so it's like it's seasonal work that i'm doing right now yeah so we'll golf course what are you going to be doing when it's snowing which happens in resort towns fun fact so yeah i know it's still snowing right now yeah yeah but i guess what i don't know what i'm gonna do i have no idea why'd you move i just i wanted to get away like i was like get away but with no plan i mean just work at the resort like i live pretty cheaply and employ how'd you pick that place why how how how'd you land on that city said you've heard of it from your sister but how'd you land on that city because you're in no position to not have an income by any means like for eight months of the year that doesn't make sense yeah but i mean i just i don't know i need to get away i need to get away and i need to do okay there's a lot of other places you can get away too but like you went to a resort town so you're going to be likely you're going to be working in the economy of that town which is likely focused around the tourism aspect of that town right those towns their main industry is tourism whether or not you're working for hospitality or working uh you know you could be in the lodging business you could be in the entertainment business you can be in the restaurant business but you're likely working in that sector yeah and that sector is very seasonal sometimes those towns kind of die when it's not ski season now it sounds like you know it might be a little more diverse with the golf and everything but but that's why i'm going home right now for like a month and then i might come back what the okay what do you so what do you do what do you do for money right now this is so confusing already okay you're just not i'm not i'm unemployed right now i do not oh you're unemployed i'm not making money right now because that's great that's okay but when i go people love it when people don't have jobs but I'm gonna go home and I'm gonna work for my dad for the month that I'm there okay and how much do you make doing that he pays me 19 an hour how many hours a week do you work 40 40 or 40 like 30 35 40 it varies it varies just depending on how much work there is or depending on how much you want to work both both okay well which one would take priority because Because I highly encourage working.

4:19Yeah. I mean, I would think that... Are you lazy? I'm not lazy. Are you entitled? No. Okay. Definitely not. Just want to make sure. Definitely not. No. I work. I'm a hard worker. I just... You're not working. It's just like when I go home, I'm there temporarily. So it's like... A month is a long time though. It's the 12th of a year. But I kind of want to like have fun with my friends and hang out with my family and not worry so much about work. Cool. I don't think we do that when we have a late payment on a card. Ha ha ha ha ha. It'll be there. It's comedic. Ha ha ha. Yes, I'm glad we're having so much fun.

4:56Yeah, I don't think we're not working. And I don't think we're going and just hanging out with our friends instead of picking up more hours when we could when we have a golden opportunity because of our dad and the hard work that they actually put into their lives. when we're missing a payment on a card that has a balance of$2 ,339 when the credit limit is$2 ,200. I don't think we have a choice. I don't think we hang out with our friends and do whatever you and your friends do in that situation instead of working. Well, I mean. What? It'll be there, though, is all I'm saying. It's going to be there.

5:36What's going to be there? The bill. The bills are always gonna be there Yeah no Cause you don't pay them What are you talking about I wanna have fun That's how it works I wanna have fun Yeah but that's What's wrong with having fun

5:52What the f*** What Tell me why you're here Tell me why you're here Cause I'm in a lot of debt I'm in a lot of debt Okay But you know Cause I wanna have fun I mean are you just like a f***ing Are you just trying to be like a ditzy girl Or like what What the f*** are you right now Like I just wanna have fun You know that's the dumbest f***ing thing that's ever been said in the history of this world. I mean, I just think it's important to have a balance, right? But I know that... You didn't suggest a balance. You didn't suggest a balance. You suggested I just wanted to have fun. Yeah, because I'm going to work.

6:18I'm going to work. 30 to 40 hours. Is it 30 or 40? And why not 50 when we're missing a payment? You're going to take those as cop laughs so I don't fucking kill myself. Well, I want to... I don't know. I just want to, like, go on the lake. Are you taking this conversation seriously? Yes. Yes. Focus up. Okay. For fuck's sake. All right, listen up you beautiful people. If you must splurge online and only if you absolutely must, let's at least make sure you're doing it smart, like getting some cash back while you're at it with today's sponsor, Rakuten. Rakuten is a completely free shopping portal that gives you cash back, coupon, and promo codes to your favorite online stores.

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8:23cool so you'll make a grand total of three thousand dollars that month and then you're gonna pay taxes on that okay so let's say two thousand two hundred come in comes in wonderful wonderful wonderful wonderful what are you gonna do with that how is that gonna be life-changing to you because it's not again the balance on this card itself then multiple cards after it are thousands so how's that gonna change what what are you laughing about no you're right you're right you're right how's it gonna change i don't know i don't know how it's gonna change i just at work work i gotta work what's your work history i've i got a degree in business administration you have a degree okay yeah so i do have a degree but it was working office jobs so i was working office jobs and i hated it i like work with my hands and like it was just it just felt like so limiting and like i was like caged in a jail cell and i just like jail cell yeah and i actually like my last job this was like my last straw i was like i was like working one day and this what was the job scheduling coordinator okay how much did you make like 16 an hour yeah okay yeah ridiculous can't live off of that so oh my gosh you are you can't though just your presentation and you as a person it's just like yeah i'm sorry i have this thing where i can't filter myself very well no that's okay that's okay but like you're you're uh i would not have liked you in high school okay i'm a nice person the holidays mean more travel more shopping more time online and more personal info and more places that could expose you more to identity theft.

10:18But LifeLock monitors millions of data points per second. If your identity is stolen, our U.S.-based restoration specialists will fix it, guaranteed, or your money back. Don't face drained accounts, fraudulent loans, or financial losses alone. Get more holiday fun and less holiday worry with LifeLock. Save up to 40 % your first year. Visit LifeLock.com slash podcast. Terms apply. Okay. You seem pleasant. You just seem... Go ahead. Okay. what are you gonna say what are you gonna say say your things all right so yeah i was working there like take this seriously okay i was a scheduling coordinator there and this one day i got a phone call and we've got this limit to where it's like 20 minutes if you're past 20 minutes and we need to reschedule your appointment well he wasn't listening when i told him he told me he was going to be there like 30 minutes past his appointment and i told him i was like okay we're gonna need to reschedule that and he's like okay well i'm gonna come anyway i'll be there and i was like okay no sir we need to reschedule listening to right now what what is this what does this have to do with this at all okay i'm getting to it anyway so then he comes in and basically he's like i want to speak to your manager blah blah blah needless to say i got fired so that was my last straw and i was like okay that was a big jump i'm not i wanted to talk to my manager needless to say i got fired yeah that's a gap well yeah i mean they spoke to my man they had no tolerance for you know pushing back on the on the guests and i was like okay well by the way because of your attitude people are gonna think you're here for clout what are you here for clout no i'm not here it's pretty much impossible because you're using a fake name and you have nothing to push anyway so but like people are gonna they're like they're gonna gonna be like have a real people on if you exist in the real world dude these are the real people but anyway i got i got fired and then that's when i realized that i don't i'm not cut out for the office jobs and so then that's when i started working for my dad and yeah but sometimes it just might not be a choice it's certainly not a choice uh when you are fired um because obviously you need to leave that's been chosen for you right but yeah work for your dad that's great yeah but right now you're not working on making any money and again okay let me start going to this 2339 uh but the credit limit is 2200 fees 40 because we didn't pay because we're uh entitled and living off of our dad and uh instead of paying our bills we have leave fees and then interest accrues of$54.27.

13:04Great. Wonderful. What would you give yourself? Don't f*** me here. What would you give yourself? Zero to ten. What's your financial score? Where you are right now? I know they have schools in Tennessee. Come on. That was mean. I can't stop being mean right now. A four? This is what? How many episodes have you seen? Like, ma 'am. Like four. Three or four. Okay. If you want your hammer financial score, you can get for praying in the description below. And if you want to come on... Oh, wait, no, no, no. I did that. Save me from this insanity. You can apply to me on the show at calebhammer.com slash apply.

13:40I did. I did do that. And what did it say? I think it was like a one or maybe less than that. Oh, okay. And it's at 30%. Shocker. To nobody. Which one's that one? The one that just went over. The American Express. Just 30 %? Delta Sky Miles. Yeah. What'd you think it was? Have you ever looked? Not really. why did you apply to come on because you applied through our website so like you click the link in the description below and then you went to our website so why did you apply to come on because i'm in so much debt and i know that you help but am i magical though am i magical because you have to be receptive to it and it doesn't like if we just sit down and you're just like like i can't do anything with that okay i am receptive and i'm willing to like take the criticism and learn from it okay maybe i've just maybe i've just become jaded from this conversation so far i'll try to come in with an open mind okay we owe three thousand one hundred thirty five dollars and forty eight cents with a minimum monthly payment of one hundred ninety nine dollars get off of me a little fly it was a fly from the watered plant get away you second time now he's telling you to stop being oh good oh fantastic good i'm glad we don't have a job right now this uh this makes sense with the thing with our friends yeah 40 dollars a feast why oh mispayment mispayment two two mispayments now we've gone through two documents and two mispayments interest charge 48 and 43 cents great 150 bucks this year so far why aren't you paying Can you answer that question?

15:18Why aren't you paying? Why aren't you paying your bills? You're right. Bills will always be there if you don't pay them. Why don't you pay your bills? I'm not paying them because... I don't know why I'm not paying them. I should pay them. That's not an answer. I do pay on them, but when it gets to this point, I just feel like, oh, I'm just not going to pay on it anymore. What's the point? I'm already screwed. What the fuck are you talking about? No, no, no, no, no, no. You pay, you make progress, you get out of it, and then you're not screwed. What do you mean? But where I live paycheck to paycheck, it's so hard.

15:52You don't have a paycheck. What paycheck are you paycheck to paycheck with? You don't have a paycheck. You don't make money. For now, I don't. But I will. So you're not paycheck to paycheck. You're f***ing f***ing around to f***ing around. You're friend to friend. Paycheck to paycheck. How about you actually make a paycheck and I'll be proud? Oh, I am irritated. I am irritated. Oh, f***. Okay. Oh, let's try to not. Oh, gosh. people don't know what it's like to sit in the seat this is okay what what even was this for what'd you get which one's that one best buy oh okay so i first got the credit card when i was getting a laptop that's when i first opened it they gave me a four thousand dollar credit line and then it just it just seems so easy to put a tv on and an apple watch yeah yeah i had this ex-boyfriend and i didn't have any money to get him anything for christmas and so i just got him apple watch and i put it on credit card yeah what are we doing and i shouldn't have done that i know i shouldn't have done that but and i'm learned your lesson to not do it yes oh my are you are you obviously not a credit card person never you need to close are you willing to chop up your cards and close your accounts okay i have a question oh i have a question all right by closing my credit card are you going to ask the question you said you've seen the show fine ask it okay by closing the credit card so does that not like lose all my credit history which i should have credit history right did you watch the show with the volume turned off no i'm willing to cut up the credit card so i am willing to cut up the credit cards i don't even i don't even know where all of them are yeah but they're probably attached to like digital wallets that's true that's true what credit perhaps are you trying to take advantage of in your life but but but but before i've never heard of a new credit it was bad it was never heard of a new deck called butt or seven i had a you think i give a shit about where it was i give a where it is right now my credit score was below 600 guess what it's like 800 now you think I said oh but it was below 600 when I was a piece of done with my money so what I've proven that I can manage my money now and I have a good credit score if you've had good credit score in the past and it's right now you've proven that you're bad with money and you can't handle credits okay so what credit are you trying to take advantage of that's just what I heard the You should do that.

18:34Answer the question. Answer the question with an answer. An answer. Not a statement. Not a question. Not a but. Answer the question. Please. Please. Please. Please. Please. I mean, a credit score, the credit score that I have now, it's not good. But it's better than nothing at all. It's better than what you stuck with. Are you kidding me? Can you not answer my question? Can you seriously not answer it? Are you incapable? No, I'm capable. Capably answer it then. What credit are you planning to take advantage of? Like right now. I don't. Okay. I don't know. I just think that. Okay. I just think that any credit is better than no credit.

19:24If you're going to take advantage of credit. Well, what if I close some credit cards, but then keep some open? Not close all of them. Do you understand why I'm saying to close them? Because you can't control them. You spend on them. They're above the credit card limits. You're not making your payments. You are not a credit card person. You cannot have access to them because the credit industry is bending you over and you are not taking advantage of them. They are taking advantage of you. You in no way whatsoever are getting any benefit. They're getting all the benefit and rewards that they seek and they gain off of you.

19:58They are taking advantage of you. You shouldn't have access to these. If you're going to use one, use the fence card because you have to pay it. It acts like a charge card. Okay. Okay. The American X card. Oh, I don't want to be here right now. Okay. Okay. I get flight points. So that's good for something. I'm going to burn this building to the ground. Are you joking with me? Or are you just like legitimately like. Okay. If I close all of them, but keep that one. Shopping is hard, right? But I found a better way. Stitch Fix online personal styling makes it easy. I just give my stylist my size, style, and budget preferences.

20:37I order boxes when I want and how I want. No subscription required. And he sends just for me pieces, plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today at stitchfix.com slash Spotify. That's stitchfix.com slash Spotify. Oh no Because of the flight credit Oh gosh okay I'm throwing a tantrum Then it's beneficial Just stop I'm trying to just I need a second I need a second These interest rates are like 30 % You're probably getting like With the miles maybe at the best What 5 % 5 % rewards on your purchases If you break it down They're taking 30 % Meaning in the end you're losing 25 there is no benefit to what you're doing plus there's compounds with the balance that grows your rewards don't as in the higher your balance goes because of the interest and because it's not making payments the higher the interest continues to accumulate because the balance is larger and it just compounds on itself get on a plane with your own damn money you cannot use credit cards okay you can okay go ahead i just don't have the money but i've got well if you don't have the money that speaks for itself yes fun fact it's not a rainbow land i wish we could all do everything that we want to do but we live in the economic structure we live in and this is not the show to say and where i wish let's change do that at the ballot box this is a how do you navigate the structure if you cannot afford something you cannot afford it brand new concept invented right here ladies and gentlemen no one's ever heard of it before okay so chop up my credit cards don't get any more credit cards close the account so you don't have access to them can't put them in a digital wallet you cannot be trusted with them we've gone over two you're not paying them and one of them was over the credit limit okay oh okay okay i'm listening i'm listening yeah i just looked down i just looked down you know what happened when i looked down we're over another credit limit so this is i'm over another no you really didn't know i didn't know no well how did you not know i don't look at him i don't look at him i don't okay you're gonna listen we're gonna do some teaching here and i'm gonna help you build on a temporary budget in the end but you're gonna go through a budgeting class you're gonna learn how to actually scan your accounts and go through them and make sure you manage them on a monthly basis we're gonna handhold you and help you with that you're gonna go through the quizzes but okay you need to look at your accounts man it just always feels like it's easier just to not look at them and just kind of disassociate from the reality of the situation that i'm in yeah that is easier you're right it you're right that's easier in the moment it's kicking the can down the road but that can just gets bigger and bigger and bigger and eventually it just becomes a massive boulder that when you kick it just can't move because everything becomes due and the minimum payments are higher than you want then you have to fit you're either facing bankruptcy or you're facing collections and collections usually there's nothing in court involved but technically legally they can man and you can get screwed over dude and in that case your credit's not even a part of the thing you care about at that point because if they're in collections your credit score is tanked anyway i mean you're the late payments and missed payments like that's going to start stacking on your credit as well like so this credit thing that you care about so much like you're already doing what's you're over the balance i mean you shouldn't be over 33 that's when it really starts to negatively impact your credit you're over a hundred percent on two cards we've looked at so far so i don't know what this credit thing is that you you've even mentioned in no way or do you have a good credit score you're not doing anything that would suggest so so again two thousand nine hundred seventy oh sorry three thousand nine hundred seventy dollars and 31 cents with it did you just laugh it's not funny it's not funny it's just how i work through it okay no it's okay kelp laugh kelp laugh it just it just kills me every time because i just want to make sure that you're taking it seriously i am i am i believe you are i just also believe that maybe you're just you know okay uh so you're over it by 70 and 31 cents because the credit limit is 3 ,900 fees fees oh what is the fee please for all oh it's a past due fee three in a row three in a row what are we doing here what is your life three in a row 96 dollars of interest 300 this year so far what what is happening what is happening dude what is three in a row this is disgusting just look at it just look at it look at that just look at it how can you accept that how can you accept that how do you go to sleep knowing your past due on bills peacefully because i don't think about it but this is forcing me to think about it and i thank you for that i don't like that i don't like that at all i've done this yourself i haven't done anything revolutionary here today yeah it is helpful to have someone to talk about the severity of my situation.

26:04Because otherwise, I just ignore it. I have a couple cards here. They look like Credit One. Are these through Credit One? Because... Capital One? No. Credit One. I said Credit One. Not Capital One. This one, Discount Tire, it looks like... It's being built to Synchrony. Synchrony owns Credit One? That'd be crazy. But maybe. I don't know but this looks exactly like a credit one statement but it's a discount tire card so I assume we had to get a tire yeah so I of course I didn't have money and you what and my tires need to be replaced so I had to go and get a credit card for that and I I don't think that I've been paying on that one oh yeah there it is I honestly want to say that that account might be clothes i'm not sure well not clothes probably sold off the collections well closed yeah but not gone i want to make sure you know that doesn't mean it's gone that's unfortunate but yes i know that oh my gosh i know i need

27:14nobody get calls all the time and i just ignore them so i would assume that that's what that is i haven't it's been a while i've seen people as irresponsible as you but it's been a long time This is impressive Thank you, thank you very much I know, this makes no sense right now, but follow me What is your current dating life? Okay, I'm single, but like I'm dating around Okay, what dude in their right mind is gonna possibly Possibly date you with this? This shows that you can't manage a f***ing pencil Yeah, I'm well aware of that And that's why I don't really talk about that Yeah, but they will learn Have you ever been close to engagement?

27:51Yes, I've been engaged Really? How'd that fail? I just wasn't happy. I wasn't happy. So I ended it. But no, he made good money. And he knew how you were and how you would destroy his entire financial life. Love's more important sometimes. Listen, I mean, sometimes. He tried to help me, but I ignored it. It's love that prevailed over money. No. Yeah, he tried to help me, but I was just ignoring it. and he tried to help you yeah he did but i don't want like someone to financially help me out of this situation like i don't want like what the do you want you won't hunt yourself you won't let someone else help you what the do you want then i want to figure it out for myself no i put myself in this situation well but you've put nothing into it like there's not a single sign there's not even a fucking like pebble to suggest on a grain of sand like nothing you would do there There would be a payment, at least.

28:55Like, this is one of the most irresponsible. I know I'm dogging on you, but it's just like, this is one of, this has, this is easily one of the most irresponsible f***ing situations I've ever seen in my entire life. Hands down. Not over-exaggerated by any means. Yeah. For the hardcore fans, you're up there with f***ing Tyler with her car and taquito man with his taquitos. Like, this is wild. I know. I know. is awful. I wish I never discovered credit cards in the first place. Yes, which is why you closed them, never opened them again. How did you get this bad in the first place? How did I get this bad?

29:29Like, when did this all start? Okay. Okay. Love my parents to death. Okay. But, I grew up hearing no a lot. Like, they gave me everything I needed but everything I wanted, I didn't get, necessarily. If I asked them, would they agree? What's that? If I asked them, would they agree? Yeah. Yeah, I think so. I think they would because they didn't want me to grow up spoiled and entitled like you described So if if you let me call them right now, will they agree? Can we call your dad? Yeah, okay, bring them up

30:10Hey, dad how do you go i'm still here i'm talking with caleb and he wanted to talk to you

30:21hello sir i have a question um sure so your daughter is on my show right now are you aware of the show by any chance i am not but she did tell me about it oh okay she made a interesting claim because we're going through her finances she's she's made an interesting claim about her past that as she was going as she was being raised she got anything she needed but there was essentially not a single time in her life where she asked for something and she was given what she was asked for i'm having trouble believing that but we want to see if that is true from your perspective um well you know she's she's always had everything she ever needed as far as I think she's seen other kids her age, maybe a parent will give them an excessive gift like a car or something.

31:18We always try to make her work for things where I feel like she felt like she was a little more entitled to some things that she should have worked for. Gotcha. If that's what maybe, but yeah, I feel like that that's kind of been where she's maybe coming from regarding that. What about, like, vacations and, like, toys and gifts and stuff like that? Oh, yeah. I mean, she always had a great Christmas. Okay. I mean, got any outfit or whatever she ever needed, and then we tried to make her work as she got older because we're not always going to be here. Yeah. To teach her that responsibility. All right.

32:01well I appreciate your time sir thank you so much sure okay well thank you

32:09alright thanks bye okay see no it's not entirely wrong he said things like cars you think you're entitled to get a car from your parents if they could provide it and they wanted to for sure I was actually very lucky where I got a hand-me-down from a grandparent situation that was incredibly lucky but like most people i knew and honestly it probably would have helped myself in that moment if i had to work you know and even save up 25 and then they take care of the rest even something like that that would be beneficial to me but no you didn't he specifically said you got any clothes you wanted you got the gifts you wanted you got all the good stuff you're just talking about a high ticket item like a car which like no shit like how how do you feel you're entitled to that and he specifically used the word entitlement as well so like what are you talking about i just i feel like also we are if if if the phone call is in the conversation that means after the fact we will have gotten consent from him that it was recorded and put in the conversation i just okay i don't want to say that you know i i am entitled to those things right but it's like at the same time because of not getting certain things like that this is where i'm i'm wrapping it in okay so because i didn't get things like that and i did hear no quite a bit when i turned 18 i realized i didn't have to say no anymore i didn't have to hear no and i was like wow i'm an adult now and so then i discovered the world of credit cards why don't you act like an adult though we're working on it okay yeah it's a little late late in the game nine years later it's never too late it's never too late to turn this around oh no i've i've come across a couple situations where i would say it was too late you're headed there okay okay well i don't want to continue down that path right okay okay but when i turned 18 is when i discovered the world of credit cards and i got I had this little boyfriend at the time, and he's like, you should get a Capital One student card.

34:23I was like, okay. It can be a great way to start. Right, yeah. But you weren't responsible. And he advised me. He's like, just use it for food and gas, essentials. It was just like a little$300 limit. And so I started with that. Perfect. And I did well with that. But then Discover reached out to me. Or no, I think I applied to get one of the cards. And then it was like a$1 ,000 limit. and then they just kept giving me more and more and and then it got to the point where it's like an eight thousand dollar limit i'm just like this is crazy i can use it for whatever i want why'd you max them out every time why'd you take them right up to their limit if you were someone who cares about your credit card self-professed uh credit score sorry i i did care about my credit score i really did and i had a really good one why'd you give up Did something happen?

35:18Was it the post-engagement by chance? Did you see a collapse and just like care, everything about that? I would say a good majority of my spending is due to like being in an unhealthy relationship for so long. And that's kind of what I did. Why was it unhealthy? Come on. We didn't. You weren't. What? He was very controlling. And he just like didn't let me have my own space. and I just felt like very confined. So like my only relief was like to spend money and on whenever I could, whenever I could, when I'd start to feel bad, like I just like, I go shopping or like see something online and be like, oh, this will make me feel better.

36:01And like temporarily it did. And then it just got to the point where it's like, I'm so in over my head. It's like, it doesn't matter, you know, what's going on in my life. I literally can't spend money anymore. and you know so that's kind of like the point that i'm at now fun fact i mean we haven't gone there yet but halfway through i just i don't know i just feel like i i'm at the point now where it's like i can't physically spend any more money on my credit cards on my credit cards okay capital one speaking of the or speaking of discover let's discover we have discover it discover how to get completely f***ed by that that one was my favorite you know how they got me is because every month they'll give you like a 5 % back on like Target or Amazon oh the game you fell for the game so hard $643.89 minimum monthly payment that's what's due interest rate$130 dollars kill me credit score they think it's uh fico uh 590 590 yeah well let's let's really care about our credit score when it's 590 yeah that's big smart okay we have a matches from card again this looks like i guess it is synchrony but it looks like a one but okay so 1 ,325 is owed on it and 16 cents these are stacking my dude these are stacking stacking stacking uh uh these these why why why it's interest free no interest charge are you in an interest free thing it uh oh my but it's interest free until until paid off I think it was a promo But if you miss it But you're getting fees though But if you miss a payment I think then it starts occurring Are you?

38:13Because again you're getting fees Like it's making up for it anyway With$51 minimum monthly payment You made a payment here Like congratulations Like finally you did the bare minimum I did good I made a payment Eastern Credit Union Oh this is the car So 3 % isn't it? mm-hmm three percent see that's awesome that's really cool i love that it is like the breath of fresh air in this conversation minimum payment though i can't figure that out what is it uh it's 325 what is the car it's a mazza cx5 year 18 we owe 13 350.59 but i think that the reason why i got such a good interest rate on that is because at the time i credit score was good oh and then just a straight-up classic synchrony card 348 and 24 cents with the minimum monthly payment either

39:16these ones are harder to read your past deal no no there it is now we're back we're back ladies and gentlemen i'd like interest on the app interest it like closed it to where i can't even make a payment on there so i have to like call to do that what you again well so what do you plan to do after a month i want to know what do you plan to do after a month with your dad because i'm glad you're gonna make like 2400 net but what do you what do you plan to doing after that so i'll go back to colorado and i'll work at the golf course yeah but that's hardly an option that'll get you through the summer what's your career what do you want to do you have something in business administration it's a great bachelor and i can gift you like a certification thing through course careers for tech stuff but like what do you want to do which are great by the way i love those things yeah for resume boosters so i have this dream of having my own mobile bar and i looked into it a mobile bar mobile bar yeah walk me through that i don't drink all right so it's essentially just like you can use like a little horse trailer and you just design it to be able to like have a tap coming out of it or like other drinks and then you just go to like weddings or corporate events.

40:33Oh, fuck. Yeah, yeah. And I don't know. I just really like the idea of it because it's not only – So you have to sell people bringing you to them. It's even harder than convincing people to come to you just straight up. But you could take it anywhere. How are you going to fund something like that? Yeah, you can take it anywhere, but you've got to convince people to pay you to take places. it's it's a pretty low upfront cost like really like to get one it's like i would say like 10 000 for the trailer okay and then all the materials yeah i would say like the biggest thing that's kind of held me back from doing it is the licensing the licensing is hard to obtain especially in tennessee there's equipment inside as well then you have to be able to haul it can you do that in a mazda cx-5 i don't i'm not really sure what the tone is but potentially potentially i didn't get that far into looking into it but i mean worst case i would just have you thought about your future yeah yeah but you haven't looked into if you can even do this no i have you want this you want that you this is your career path that you want to do you want to be a small business owner which i which i love but yeah i think that that would be fun i could take it bartending experience no i thought about picking up a secondary job in Colorado as a bartender.

41:50Yeah, I don't think that's not an option. Yeah. I think that's you're doing that like now. Yeah, but there's a lot. There's there's tons of opportunities like you ever done anything entrepreneurial. I know your dad is, but like he's been running it for a while and he sounds like a hard worker. Yeah, I haven't. Are you expecting to fund this? You're not going to be able to borrow anything. Who's going to let you borrow under 600 credit score and your debts completely maxed out? if you go bankrupt if you let them fall into collections it's gonna be even worse so how are you expecting to come up with 10 000 hours if you can't even pay your minimum of the payments how are you getting 10 000 a minimum by the way i highly doubt this is just gonna cost like an entry price at 10 000 and if it is i feel like you're gonna be competing with other things that are much nicer but go ahead how are you coming up with it not the dreams but i'm just thought about it i just i think what are the answers figured out the first thing that i thought about and you're not gonna like it was a personal loan yeah how are you gonna get qualified but it's you ever heard of like good debt that you can go into to bring yourself out of bad debt consolidation no like like i would be going into debt but once i do that small business loan yeah and then once I start making money...

43:12You think you would qualify? And like you have a fully fleshed out business plan that you can present to a lender? Not yet. I started working on it but then I stopped working on it when I realized licensing was so hard to obtain and it just really wasn't an option. It really wasn't an option and that's really expensive to get all the license. But still, you think you'd qualify for it? Someone's going to lend you money. You. A proven track record of irresponsibility. They're going to lend you money. you know you're up by not taking care of your bill you say you're just letting it go because it's easier not to think about well now it stands in the way of your goal yeah like doesn't it become a much bigger priority now yeah exactly so why haven't you done anything then because that kind of changes the picture of what you've mentioned before i think i just haven't i don't know i just haven't dealt with it because i didn't want to face the reality and then now that i'm thinking about like wow i'm not like in my early 20s anymore you know i want to you know get out of this debt i don't want to be so limited dude your checking account has 70 in it and everything's online shopping you're just you're an addict you're an addict yeah everything's just you bull apple a firm spotify you can listen to ads i'm not saying people shouldn't have spotify but you can listen to ads well you can't pay a minimum monthly payment it's as simple as that mesabi going inside a gas station getting some bulls and ben moving out money fast vape wild wood laksper prime video starbucks west bobby ben moving out money going inside getting some gas station uh joe s trans oh hulu great fantastic that's a great service to have when we can't pay a minimum payment oh resorts they're giving them money instead of them giving you money that's awesome and stopping at a liquor store burger king laundry that's okay conoco mid liquor store wildwood affirming bridge street go inside getting some bullshit oh good the more giving the money instead of them giving you money wolf people fast vape just smoking our life away summer val chipotle chipotle amazon burger king going inside getting going inside getting some and getting some liquor drinking smoking getting the taquitos and shopping online every day of our life yeah so with that i've feel like i can't spend anymore more bull like every purchase of yours was uh well you're not making any sacrifices it's like you've just given up yeah i essentially i have because i haven't been paying on this stuff i did waiting for what's the outcome that you're expecting i know you don't like to think about it but i mean it's impossible that your brain hasn't like said like oh here's a likely outcome you know Like what are you expecting to happen What do you think is going to happen I think that I'm going to figure a way out of this Okay give me some of the paths that you Thought would be ways A way can't just be saying there's going to be a way Give me some of the paths that you've envisioned Okay So the mobile bar but obviously that's not an option Right now I thought about bartending So that I could acquire the experience A little bit of income Now how are you going to prevent yourself from immediately spending all that new income?

46:49That's the tough part. Because you're doing it now. You only have$70 ,000 in checking account. Yeah. Because you spent it all on online shopping bulls. Liquor, vapes, taquitos. That's where the discipline is going to come in. That's going to be the hardest part because I get really bad FOMO for missing out on fun, right? Just like talking about going back home and like I want to, you know. Go out with the girls. go out with the girlies and have a good time and girlies they're poor too probably most americans are but you don't have to be why don't you be the good one why don't you be the one that actually ends up you know living a good life you know yeah high school friends no college friends yeah i met them college when you go to like some kind of college reunion if people even do that i don't know why don't you be the one that's not a failure yeah well i mean they both they both have careers so they're actually I guess doing better than me in that respect but well trust me that doesn't mean everything people blow their money yeah I don't know I just yeah I think like doing bartending was a big thing that I thought about you know I see with the giving up thing I just see patterns of you just running away you ran away from the engagement you ran away from home to Colorado to just escape you're kind of verbally running away from this conversation sometimes just deflecting oh that is not the first time i've heard that well then that should mean something i know that should mean something i think that's a you know you just kind of deflect and run and get out of an uncomfortable situation instead of facing the actual issue at hand yeah and i think that might be the first step for you is actually like sitting down and addressing i've gone through your documents but what you're going to have to do it on a monthly basis is i I need you to sit down and go over your documents, see what happened in this last month and see what you need to fix to change things for this next month.

48:44Did I miss a payment here? Oh, why did that happen? What do I need to do to make sure it doesn't happen next month? Where do I start making progress? Where can I cut down my spending? This you get in the class you're going to go through. But it's something I just need you to start regardless. Right. No, it's just so overwhelming. It is. But it gets more overwhelming the longer you put it off. I know it does. it's a basic basic tenet of responsibility to just actually start working on it now because you're just going to make it harder and harder and if you're expecting some dude to swoop in like belly out that's not going to happen if you're expecting mom and dad to swoop in and belly out maybe but they shouldn't they won't good good they shouldn't they shouldn't because you'll learn nothing you'll get into the same situation you got into already yeah the only person who can actually do this for the longevity of your life is you because if anyone helps you out you're just gonna get into it again you gotta fix it now by addressing your behavior and by addressing your financial discipline and everything and if you don't then it's just this is you're getting yeah that's the biggest thing is i feel like i spent all my money on like food and drinks because it's like that's what you do like have fun with your friends it was like but you told no before you came in here that you're willing to drop everything again and flee run yeah that you wanted to run again to california this time i just want i want to travel the world i've lived in the same small town my whole life no you live in colorado okay aside from that so you went to college in that town yeah i did what college it was northeast state okay it's just a little small college there no sure yeah um okay i would love you to travel the world do we can afford it you have many decades left if you don't smoke and drink it away that's me teasing that's me teasing i would stop the vaping i would stop the vaping just because we do not know the long-term consequences so much easier said that i know the nicotine concentration so hand in hand with like when i drink but that's not good either at least turn the nicotine into productivity girl make some money i mean you're just taking you're just yeah okay you also spend 60 a year on rocket money and you do not use it and they're they're they're supportive of the show and i'm a supporter of them and they're a great app i'm not getting paid for saying that um but you're just what's the point of paying for it if you're not using it yeah i think with that app it's just like every time i go in there i have to like update all my information dude it's gonna take work it's effort life isn't this thing where you just get to just sit down on a you know roller coaster seat and then go on the ride you gotta put an effort dude i know i do i know i do and that's like some basic yes you have to track what you do with your money this world moves via money even the communist world moved via money like you gotta manage it i don't have to manage it because i'm tired of living like this i really am like then i literally live like paycheck to paycheck and it's ridiculous like okay like i just live in this like world of scarcity like every week it's like When I get paid, it's, okay, all this has to go to this bill, and it has to go to this bill, and it has to go.

52:13And I'm literally left with maybe$100 to$200, maybe$300 for myself. Cut off the cards right now and prove it, if you're willing to. I'm not going to pressure you into doing it. I want it to be your action, so are you going to? Okay, yes. I will cut them up because I do not need them. We're going to bring scissors to you right now. Okay, I don't even know what cards I have with me. Go ahead and check. um also people do not get that tan in colorado it's fake it says clouds yeah i try to get out in the sun okay the sun is a lot stronger in colorado though i only have one and this one's gonna hurt the most i'll have you know because this is the one that has the flight points this is my favorite one make sure you guys are blurring this mosaic tracking oh this literally hurts way worse than any of the other ones but even if it is blurred to protect her identity it is a credit card there we go okay there I did it you did it I'm gonna go cry this other ones I have with me I told you I don't keep the other ones with me kind of minimal effort but that's okay it feels very relieving though.

53:34Good. It does. That's good. I wasn't expecting you to feel that way. I've never done that. By the way, guys, we recently launched two new shows that I think you're going to love. First is Your Week in Money. During the show, I break down major economic business and financial news that happened this past week and then give my own personal, weird, and hopefully humorous take on them. And the second is our financial audit follow-up channel. They're just quick, casual conversations with people who've been on the show, seeing where they're at and what we can do to make sure they get to a better place.