Debt To Nut And Won’t Stop | Financial Audit

0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube. He did her dance and she was like, you want to let's do it. So we finished club. No way. So I pay for my ex-girlfriend's business. She doesn't talk to me. So what do I do? I go blow 700. She has a boyfriend, so she's like not even answering my messages. My name is Jordan. I'm 31 years old. I'm from Houston, Texas, and this is financial audit. What do you do for a living in Houston? It's a good question. um okay wow i start them off with bangers ladies and gentlemen like what do you do for a job in a finance show i know right um so i have three jobs the first one is a full-time job as a software engineer i work in a government agency um that's 40 hours a week um what do you make doing that job so that job i get paid 119 000 and uh i think it's like 218 dollars or something like that um yeah and then uh my second job i am a computer science instructor for a community college in houston uh that's part-time so i work on average 15 hours a week um and i make 44 an hour uh doing that job but only like but that's not every week forever though so that's like so semester wise yeah so the classes i teach i'll actually get into it a little bit but i'm gonna move that mic further from you you're a little yeller that's okay that's okay keep yelling you're good yeah i was like deep throating it um um yeah so the classes are doing that to your students it's all good exactly um yeah so i'll get into the classes in a bit but my classes are year-round so there aren't really any semesters oh okay yeah yeah so i mean there are breaks for like the holidays and that but probably an extra 2500 a month then yeah could be a little more than that yeah trying to be a little more conservative yeah so the thing is i can work up to 19.5 hours but then there's some weeks where i will work um like 12 so i just did like the average of like 15 okay so and what's the third so the third job this one is kind of seasonal so um it's a it's a computer science instructor position um except this is for a company um i teach a class that's 10 weeks long it's once a week uh i work four and a half hours a week uh during those 10 weeks and i get paid I get paid$95 an hour are you in that right now?

2:26so it ended in April I believe so what we have for your payroll that hits your account is$8 ,095 so that sounds about right? yeah that sounds about right but sometimes it's a little more yeah sometimes it's a little more for sure have you ever heard of this little thing we like to call lifestyle inflation have you heard of that term before? um has the term ever scratched your brain yeah no i mean from context clues i guess i i know what it is but like i don't know i've never heard of it where'd you say you're from houston interesting how'd you get here today flying yeah yeah you know we looked up your car and everything right before this just to get a little idea you know what it cost you like 40 bucks of gas get here yeah you know what let's let's just add add in some snacks add in some you know maintenance and depreciation on the car okay sure 60 bucks 70 bucks spent 350 bucks on a plane ticket yeah now your flight was short but there was also airport time and there's gonna be airport time on the way back as well and there's airport time on both sides yeah why do you fly because also just spoiler alert it's a big packet you make a lot of money but you spend like you make double the money you've lifestyle inflated yourself into oblivion we haven't had an higher income person in a while and it's interesting because you're doing exactly what you're not literally what you're not supposed to do so first of all just why'd you fly here okay so because of my job essentially like i couldn't um take that much time out of work right so from houston to austin it's like a two and a half hour drive um and then i have to rent a car um and then i don't drive back so i own a car but it probably wouldn't make the drive what is it it is a 2003 honda crv has 280 000 miles on it so okay yeah that's interesting okay so the rental would have added to it that's so i mean i think driving is probably the best choice but in terms of like was caught uh what's called cost opportunity or whatever like or missed cost i don't know what the fuck is what did you gain an extra 30 minutes of work uh like it couldn't have been i gained like an hour and a half i think the issue more is with the time at the airport on both sides yeah because i got tsa pre-check i just like fly in and out and yeah um but yeah i mean i just i need to be present right so like if someone drive to the airport too so there's time for that parking and but go ahead yeah also like i am a member with united so i get points yeah so yeah so that's why i flew um but yeah do you find yourself suspending money not really thinking yes so i blow a ton of money on food that's like my main thing i have no idea how much money i spend um yeah it's a it's bad so you're a skinny boy though yeah yeah just have the metabolism that all of us dream exactly yeah okay so self-evaluation zero being the worst in financial history 10 being the best in financial history where are you on the scale what's your score uh um i would probably be like a one i would say a one i'll give myself a one yeah okay so why do you think with such strong income um how long have you had such a strong income yeah so that's a whole long story so um i'll give you like the i'll give you a little uh synopsis of it but like essentially um i didn't go to school um for computer science i studied some other thing um which i have a lot of student loan debts because of uh that degree but in any case um went to boot camp later um and then transitioned into a career of software engineering.

6:25This was in 2021. So prior to that, I was unemployed, underemployed. I wasn't making any money. I was living off of student loans and living with my parents. I had a lot of anxiety issues as well, which I can talk about later. But in any case, was able to kind of steadily get better jobs. And then I ended up getting a job at Coinbase, which is like a crypto company. Was working there for nine months. I was a contract to hire employee. The crypto market crashed in 2022. The financial situation in general just wasn't well, you know, around the world. So I ended up, you know, leaving Coinbase. My contract wasn't converted to a full permanent position.

7:06And yeah, I was unemployed for like a year and I was like an emotional low. And you could definitely take a big emotional hit. Why were you fully on? like i did you get an unemployment of any kind no okay um and that's because you're a contractor but your contractor didn't get renewed right but you weren't let go early were you no no no it was just the contract ended and then they didn't want to convert me yeah so and a year a year of nothing though like i'm not saying you would have landed the best job in the world immediately but why nothing for a full year yeah so i did work part-time actually so i reached out to like the community college that I work for and I was like hey because I had interviews lined up at some companies and I was like hey I just need to make ends meet you know while you know all this stuff like kind of plays out and they gave me a job as a teacher and the classes I teach actually is for Apple.

7:59Apple has partnered with us they've given us like millions of dollars to teach these like coding and technology classes at jails around Houston in hopes of reducing recidivism. So so how long have you been making this money so yeah back to the original question um i started this job in government back in january of this year okay yeah then i know they haven't seen it and we're about to jump into it right now what i see is very concerning if you've only been making this income temporarily yeah so we have we're gonna start with a card that you didn't spend on yeah but it has a outrageous balance you only paid the minimum payment towards which is ridiculous again spoiler alert when it comes to the spending that we're gonna see but we have a bank of america card bank of america card paid minimum payment towards it you brought it down to 12 ,911 that's insane it's an insane number with 282 dollars of interest which is crazy and a 408 dollar minimum payment how is this up to 12 how is this up to what is basically 13 ,000 which the total credit line is 13 ,700.

9:05So this was basically maxed out and it's still very close to it. So how do we get it this high? Yeah. So this card and all my other cards, they were all maxed out at one point. So whenever I left Coinbase, emotional low, I didn't know what the I was going to do. Couldn't get a job. And I did the maybe not so smart financial decision. And I was like, I'm going to go travel and I'm going to live life. Travel? So we go from income to no income and we go do one of the more expensive things yes i definitely get there's a big psychological level that happens on in unemployment like people can really get destroyed like ego not just that but just like it's just every emotional stability um it can really get hit hard and then like even having a hard time finding their job can also you know hit that really hard as well so i get that but we then maxed out our credit card spending or traveling that's like the last thing we would want to do yeah no no it was awful i mean um i you know burned through all my savings i had about like thirteen thousand dollars in savings maxed out of all my credit cards i had seven at the time retirement what's your retirement at so that's a good question because i don't fully know like i get retirement as a like part-time teacher with the community college i work at you don't that's so i looked and that's like 2400 right now okay um but then since i started working for the government agency um there's like three it's like a three-prong approach for retirement so one of those is a pension yeah um that one i always have to contribute i believe it's like 4.4 percent of my uh monthly or or bi-weekly statements or something um and then i have like a what's it called trs which is like a 401k that one i actually stopped contributing like okay because i was like i just need that cash to pay off this credit card debt um so i haven't been contributing yeah okay well i mean spoiler i mean i mean i'm just gonna say this because you said that you spent two thousand dollars going out to eat so yeah well i don't think contributing to your 401k was the issue yeah and and that was the thing like when i left coinbase and i was like you know living this bohemian lifestyle like traveling like i went to the world cup and i went to europe and all these places yeah it costs a ton of money yeah and that's why this is a maxed out card yeah but in spite of all that i was like you know i can get myself out of this hole i don't regret my decisions even though like yeah i don't recommend anyone to do that right but like i don't regret any of that because i mean i went to the world cup and saw messy play and went to europe and all these things so i i don't know i believe in experiences right so no experiences are great experiences that you can pay for and i mean now you're paying for what what's being put on hold right now some things have to be put on hold or maybe they're not because you're still like you owe money left and right so i mean the regret i'm not like go beat yourself i'm not saying that yeah but it's like okay you put off the payment for all that stuff and now it's due and you got i don't want to use the word luck because there is skill you did i i mean i love the fact that you went to a boot camp i love certifications like i text certifications through course careers absolutely love them there's like i'm all about it so you have the skill set and you have the work ethic but if you didn't land this job there was a big risk yeah no no you're absolutely right you're only making the minimum on this one anyway yeah yeah okay well we'll go through and make see if that makes sense or not in terms of regret or no regret would you do it again right now though oh maybe regret it but would you do it again i don't think i would do it again under the right circumstances so like like for instance right now if they're like hey you know go to this place this place i would say no because right now my my thought process is like i need to get myself out of this hole what's different um it's just i have stability right like i have financial stability i'm older i want to be a millionaire at some point i want to help my community so the reason for me getting money and being rich isn't just to enrich myself like i'm very a mission driven person so like i want to use that money to like impact positively communities um you know my family because my family came from nothing essentially um so it's it's more for that so now that I'm older and a little bit more mature, it's like, that's what I want.

13:37You're only two years older than me. You're not older. I promise, please. If you're aiming to save a bit every month and grow your money over time, I've got just the tool for you. Let's talk about Moomoo, an investing platform that makes investing accessible to everyone, no matter your starting point. And before you tell me that you aren't ready to start investing, Moomoo is giving my audience up to 15 free stocks just for making a qualified deposit and if you still aren't ready to make your first investment they're giving my audience 8.1 apy on your uninvested cash for the first three months as a new user so there is literally nothing to be stopping you from taking advantage of this incredible investment tool but you may be wondering why do i personally use muumu as my go-to investing platform well unlike other investing apps, Moomoo offers zero commissions on U.S.

14:29stock ETFs and options. That means no trading fees, no contract fees on stock options, no minimum deposit requirements, and no account maintenance fees. This means that whether you're a beginner or an experienced investor, Moomoo is able to provide you with the insights and analysis that most other platforms don't offer to help you make informed decisions without charging you a dime, which is something that I can get behind. So if you're new to investing in a Nita platform that will literally teach you how to grow into a seasoned investor, Moomoo not only has a massive learn section to teach you, but they also offer an insane 8.1 % APY on your uninvested cash for the first three months so you can put your money to work while you're still getting your feet wet.

15:13And don't forget, Moomoo is not letting you beautiful people join their platform empty-handed. If you sign up with my link in the description below, you can get up to 15 stocks completely for free just for making a qualified deposit. So stop overthinking and start investing for your future. Click the link in the description below to get these crazy signup bonuses and start planning for your financial future. Okay. Chase Freedom Flex. And good goals overall. And this one. So this one's a bit weird. Some of these cards you kind of pay off. like this when you paid off but there was still interest so like you didn't fully pay it off in time it looks like because there's 22 hours of interest that accrued but you still paid off the balance then you went and purchased two thousand dollars so there immediately goes a fourth of your take-home that was just purchased on this card yeah two thousand sixty dollars but again do you pay this off every month yeah so now i'm in a position where so that credit card there's some other ones uh that i pay off the full statement balance um the ones that i don't really make a dent in are the discover card that we haven't talked about and then the bank of america card those are the ones that are just like but why so for example the bank of america card 12 ,911 that could be 10 ,911 but instead on here we went and got we went to an asian restaurant Barnby's Cafe, Gyro King, Chick-fil-A, Flying Saucer, Barbarella, Smoothie King.

16:46Barbarella's like a dance club, right? And then Rice Village, Taco Bell, Samasubi, some Korean place, Chicken Finger, Water Burger, Chick-fil-A, Hobbit Cafe, Firehouse Subs, Cafe Gribson, Uber Eats, Nadal's, Kalashie Factory, Smoothie King, burger king uh vending machine somewhere domino's local foods rice village thing another cafe basil cafe you're paying for google ads and domino's and domino's and rice village and amazon and a bistro going to a google ads thing is like that's a whole that's a whole separate thing we'll talk about it because you just spent another 50 there on that yeah and then i went to the movies and uber eats einstein bagels domino's burger king istanbul grill chick-fil-a common pond cocoa crepes crepes kalashi shop a and brown bag deli burger king and other something on google $200 than Uber Eats, Jersey Mike's, another cafe, Einstein's Bagel Bros, Bros Bagels, Panda, and Firehouse Subs.

18:08So there we go. Thousands of dollars that literally could have gone towards paying the debt. So what do you mean? Like, oh, they're just sitting there. They're big and we're trying or something. Whatever you suggested. I mean, but you went and spent$2 ,000 on this card. Yes, you're paying it off. Yes, we can talk about that. Yes, that's a good thing. that's that within itself is a good thing but that should have gone to the card that you lose you lost what what was it 250 dollars in interest that was just stolen from you on a single monthly basis so why are we going around when we have such a high balance on that bank of america and the discovery which is coming next so why why are we spending so much on there i mean i don't know i was just like food is just like an outlet three times a day minimum for you by the way yeah it's bad and so prior to the whole coinbase thing like i actually like was very disciplined with like my finances at least like i had a budget i knew how much money to spend on food this and that after i lost a job i said you know and then just like went all out so that mentality is still there you know okay but it's time to move beyond it january you got the job you have the income you have the position where you could be out of debt and live the life that other people want to but But you're literally$3 ,600 in a single month across going out to eat and going grocery shopping was spent on food alone.

19:24$3 ,600. Almost half of your take home went to literal calories. Like that's absolutely insanity. That's absolutely insanity. When another$300 is lost on this Discover It card in interest. So what is that like$600 gone in interest on a monthly basis? That, what is that? that's like an eighth of your income something like that like what what are we doing yeah i think that's just the most lack of discipline yeah you are given the blessing of a lifetime with this income take advantage of it literally sit down and budget do you budget do you budget so i have projections on when money comes in and goes out but i don't know how much i spend per month on okay so you don't but i don't budget yeah why don't you budget i used to and then i said if I lived this hippie lifestyle or whatever.

20:18Yeah, but January, it was different since January now. Yeah, yeah, yeah. You live that lifestyle, okay, that happened. If we're all punished for every little stupid mistake we've made in the past, like no one would ever be anything in this world. We would all be just like shamed forever. Yeah. Where you are is now, and where you're trying to get is where you're trying to get. That's all that matters. So since January, you've had this new life, big change. Yeah. Why have you not changed since then? Yeah. I think a part of me was just like, okay, I dug myself in a hole. I was able to get out or I'm climbing out.

20:52And maybe a part of it is pride, right? It's like, okay, I was able to do it then. I can do it again. But that's just stupid. Wait, climb out of what specifically? So like, for instance, it's like, so my goal is to like increase my income. No, you said before like you climbed out of something. It was the unemployment situation? So, yeah, yeah. So, well, so for instance, like before I got the Coinbase job, I was working at like different jobs, but I had accumulated a lot of credit card debt. So something I didn't mention is like I suffer from anxiety and to like, I mean, no, it was pretty bad anxiety.

21:26Like I was an agoraphobe for like a year. Like I could not leave my house. Oh, I get the panic disorder. I can't go on planes. I have a hard time traveling beyond the city of Austin. Yeah. Take a flight to Houston. It is a short flight. That's what we just talked about. We'll see if it's a thing. No, my panic disorder prevents me from doing things like that. So yeah, I relate to it more than you'd think. okay yeah no i mean it it sucks right and um point is i wasn't bringing any money and i like got into fifteen thousand dollars of credit card debt and then i got the coinbase job and i was able to pay all of that off and then have a savings of like 13 000 in the span of like nine months so i was like i believe in myself all the sacrifice though for that why would you want to do it again when this money instead could be compounding the market you've already given up the best decade of your life for compound growth to have any chance of retirement now you're you're willing to give away your second best decade of growth that doesn't make any sense you want to start investing at 40 other than your pension and who knows how far that's going to stretch i don't know you know they don't have the best roi depending on the the pension usually yeah because there's so many limitations on them in terms of what they're able to invest in really depends i mean there's there's this canadian school system now they've had a downturn because of the commercial real estate market recently but they've had like the best pension ever because they invested in like the best things around the world but yeah either way it really depends can you rely on that i don't know i don't know the ins and outs of yours so this is like you could be setting yourself up for life do you own a home no you could be setting yourself up you could have a good chunky down payment on a home if that's what you wanted yeah there's so many different things that you could but instead you're just like oh because i did it before i can do it again so let Let me just around a little.

23:06Yeah. That makes sense. No, you're right. No, I think that's accurate. And that's something I'm working on now. Because, yeah, I think a lot of it is psychological. It's kind of like putting myself in these positions to, like, climb myself out. It's like, why the f*** am I, like, punishing myself or self-sabotaging? But, like, I recognize that, right? And that's what I had to do. I had to look in the mirror and see, you know, all my flaws and who I was. And, yeah, so that's why I came on the show, right? So I need to hear tough love. And I'm willing to make the changes, you know? um so$260 on google ads yeah so that's what's going on with that yeah so um me and my ex um it ended we were kind of on again off again this was like a while back um and yeah i was devastated she moved on with another guy um i just want everyone to take a moment where do you think this story is going i broke up with someone i'm spending$260 a month on google ads what okay go on yeah so i'll get to that point um but essentially um yeah so we you know she moved on you know it's like over i was devastated because i treated her like throughout the whole relationship didn't value her i just wasn't i wasn't involved i was like you know she loved me i you know loved her but i couldn't show it you know she had issues i didn't want to hear about it um but in any case um but yeah so she got herself in a financial hole so her friend's mom owned a compound pharmacy mom was uh you know uh prosecuted for fraud and had to sell that compound pharmacy which my friend bought from her for millions of dollars well i mean did she commit fraud so the friend's mom did yes oh okay well so so you refilled she yeah yeah so yeah the friend's mom went to jail like she deserved her or whatever so but my friend um ended up owns the pharmacy or my my ex i guess owns the pharmacy oh your ex okay yeah yeah okay um so the ex yeah oh okay so it was like it was like my ex's friend's mom owned the pharmacy and now why does your ex have it then because essentially because essentially she the the lady wanted to sell the pharmacy and she knows my ex they're like kind of like family friends millions of dollars to financing i don't know how the how i don't know how she paid for it but she it was like a three million dollar thing right um but the the pharmacy isn't even worth that much it's worth like a hundred thousand so well how are you defining worth um i mean just in terms of revenue revenue right like three times like what what do you i mean i don't i don't know any business but my friend that my ex who owns the pharmacy is like hey this is not generating the amount of money that how much did she spend on it so the my ex you know she she bought for like three million dollars you're saying three million but like did she finance the three million down alone but put like a thousand down or something like i don't know the details all i know is that she's in debt for three million she's in debt for three million yeah for something you think is worth a hundred okay yeah so yeah it's not worth it right she was misled but in any case because i was like fraud 2.0 now yeah i don't think that lady's uh she's not a good person but um in any case because me and my ex split and our relation how our relationship was before i was like you know what i need to like kind of even the scoreboard because like she's always done good to me and i've always been like so like i was like let me help you make this uh pharmacy profitable so like i made her a website i'm paying money for google ads don't like that um yeah i'm paying a lot um and that's good gesture and the tough thing about this whole thing is that like she has a boyfriend so she's like not even she's not even talking yeah so like my friend is oh yeah my friend's like don't be a simp don't do this blah blah blah but a part of me is like as a good person i should try to help her out and well you did the website though i don't know if like holding back your entire financial future is like again this is a 360 or 200 whatever it was it's not an insignificant amount and that's a reoccurring that's a reoccurring thing um but long story short i don't know if i'm going to continue doing that because like she refuses to talk to me um oh my goodness yeah so it's like i'm doing all this stuff and she's like not even answering my messages so is that why you send you spend 700 hours a month so that was a whole different um i guess it's related um but so i paid for my girlfriend's business ex-girlfriend's business she doesn't talk to me so what do i do i go blow 700 so yeah so at that time i was low like i was emotionally oh sorry 1400 it was bad 1400 i've been corrected it was it was bad i mean i had when was this because this has to be relatively this was i don't know in april march or something like that okay this was like well we saw atm withdrawals that we figured we're going to that yeah i mean i i don't go to the club or anything so what happened was i was feeling like emotionally low my friend came into town and he was like bored he's like do you want to go i was like sure so we go to this random club in houston it's like sunday middle of the day so there's nobody except like three girls two friends getting boners next to each other exactly right uh yeah so we're like sitting there for an hour and I was like, well, I want to get a dance.

28:30Like, I'm not, you know, I spent money to come in here. I need to get something. And this like girl, like out of nowhere shows up. And then I was like, VIP room, let's go. That's like the private room. Sure. And yeah, you know, she did her dance and she was like, you want to? I was like, let's do it. So we in the club. And that's where, yeah, that's where, that's where it all happened. Yeah. And on top of it, what happened was. Was she attractive? Yeah, I thought she was attractive. Okay. um yeah i wasn't just gonna like whoever why don't okay yeah and also like we so she just asked yeah so we were in the show she's giving me a dance and then she was like hey you want to do it did you wear a condom yes i did oh yeah so what happened was she was like you need to get condoms so i left the club went to the pharmacy got it and then came back pharmacy yeah exactly i stopped by her pharmacy and be like look what i got right here um But in any case, no.

29:27So it was this whole thing, and then my bank shut down the card. Wait a second. Was she like, do you want to f*** me? Yeah, and she was like, and this is the cost? Yeah. So you're prostituted? Yes. I won't get in trouble, right? I don't know. I don't. I don't know. Guys, it is finally time. For the past six months, I've been working on what I believe is the very best investing course that can be found anywhere on the internet. I worked directly with a team of financial professionals who helped me distill my own personal investing philosophies into this 12-chapter class. And to celebrate the launch of this program, right now you can get my ultimate investing toolkit for just$97.

30:14But the best part is, I've partnered with my friends at Moomoo to give$100 to every single person who signs up. They'll deposit$100 directly into new users' Moo Moo accounts using cash coupons they're sending me. So this essentially makes the class free. I also know that the internet is riddled with a bunch of sh** influencer cash grab courses out there. I built this course with all of that in mind, with the goal of bringing you real insight into how to reliably grow your money for years to come. I've put countless hours of research into the content of this course, while also collaborating with industry professionals over the past six months to make sure it's packed with everything you need to know to invest your money safely and watch as it grows for years.

30:57Last fall, we launched our first course, our budgeting program, Master Your Money, and we received overwhelmingly positive feedback with the average user giving the class an 8.5 out of 10 on hundreds of responses. And we've taken everything we learned from creating that budgeting program to make this course even better than the last one. And we are so confident that this class will get you to your goals that we're offering a 30-day money-back guarantee, no questions asked. Let me teach you what investment accounts you need and where to open them, how to plan for retirement, understanding your risk profile and what that changes for your investing, and a deep dive into five different portfolio strategies popularized by the likes of Warren Buffett, Yale University, and other investment experts and institutions.

31:39I'll also give you the list of index funds and ETFs you can buy to fulfill the needs of your portfolio. This is applicable to anyone in the United States, no matter if you're employed by a company or self-employed. And I'll also give you everything you need to know about tax advantage accounts, children's accounts, health accounts, and much more. Taking this program is the best investment you can make right now for your future. Make sure to sign up with the link in the description below or the pinned comment to secure your basically free purchase after the cash that is gifted or go to calebhammer.com slash investing.

32:09I don't know what the statute of limitations was, but in any case, it happened. um so it happened and there is a lot more drama that went into that um but uh what can you don't have to if you don't want to i'm i'm an open book so i can get into if you want but um well it's not really super finance related so let's let's post show sure yeah let's talk about on the post show well we can get back to finances uh i'm interested in the tea i mean i i i love a good little good a little sip of tea but uh we'll save that for the post show where we can tends to be more wild finances though to discover it okay yep ten thousand dollars six hundred forty seven dollars how much of this went to the we do not uh three and twenty two dollar minimum monthly payment how where did we how do we even get to that i'm trying to figure out from like what am i leaving something out in the in the financial conversation that we were talking about before we got to that usually i'm not so flabbergasted okay uh okay now another card that we pay off it's the freedom card so this one doesn't accrue just because we paid off but again you're getting uh going to a cafe colashi factory chick-fil-a water burger cocoa crepes cocoa crepes brown bag deli chipotle gyro king or gyro or gyro gyro king oh my gosh firehouse subs coal sword it's a tabletop gaming restaurant and chirox goes woodland mexican restaurant apple bill kolaches popeye thai cafe water burger apple bill apple bill apple bill burger king chick-fil-a bucky's uh which that was not gas it looks like six dollars ninety cents points yeah i don't know if you drive your car out there anyway social bar buffereds which is a grill slash bar lb social bar p terry's which is burgers taco joints speakeasy my goodness buford's oh you were in austin weren't you yep speakeasy and buford's i know those

34:20if you frequently take out loans to bang apply to come on the show calebhammer.com apply so again we spent two thousand dollars there just going out the east so that original card could have been brought down to eighteen or eight thousand dollars from the thirteen it's at yeah it's i'm just like dude i'm just trying to picture it like you're paying off your cards usually i tell people to like get the fizz card because it's a charge card i think you kind of know how to use credit cards at this point you're proving that you're on the right direction but you're having this big behavioral issue with not being able to control your spending but you're able to manage paying off the cards but i think it's only your income situation i'm just like man if that if i was you and i was just sitting there and i just like i opened muumuu and i was like i'm gonna buy some s &p 500 today like let's get in it you're just just that just that let's get some compounding going on say you had nothing the next 30 years you're investing that 4 000 hours a month you've literally spent eating out so far at 8 a year so average stock market six million dollars what six million yeah that's the value of compounding over the course of 30 years four thousand dollars a month four thousand dollars a month is a ton of money but you're literally spending it on going out to eat going to bars going to cafes getting getting whatever you're doing like three times a day minimum three times a day minimum and even groceries itself again you spent like 1600 bucks going to grocery like what what are you what are you getting that's weird i i actually don't i didn't know that was 1600 because generally i go there and i try to spend a hundred dollars um but a lot of it is like um i mean cereal juices water um

36:20no so i mean that's why i asked the budgeting thing

36:26so luckily because you're a guest you're going to go through our budgeting program and our investing program i recommend it for anyone but of course you need to go through it Because what I need you to do now is next time you're in a grocery store, man, just track what you're purchasing. Put it down in the budgeting spreadsheet. Yeah. You need to know what you're doing. And, like, I can't see your purchases. So, I don't know. But you spent, like,$1 ,600 in grocery stores. Was that over the course of one month? That's what I do know. We only have one month. That's fucked. Yeah. $1 ,600. $1 ,600.

37:01Yeah, I don't know. I have no idea. are you like in a cooking class or crazy what is your life i mean i think a part of that is whenever i go to the grocery store like i will buy stuff for my students um but that's generally for students yeah which ones so the ones at the jail okay what are you getting so it's like this graduation ceremony and like so my students like they eat like dog food like they don't eat anything good and um they haven't had outside food in forever so i'm like i kind of go all out so like i'll buy them ice cream i'll buy how often is that so that is once every six weeks and then in between how much you spend on that i like the heart there's a good heart there there's a good thing there i think that's really good there's some it's a positive reinforcement also just things for them to look forward to yeah like at the graduation ceremony they get the food they get the certificate like a lot of my students were like i've never graduated from anything yeah that's really cool it's like yeah it's a lot i think you can budget it at least though i think you can budget because 1600 how many people are in your class uh it's like 22 okay and it can be more than it can be every six weeks i mean that i don't know that's a lot of money it is a lot of money i need to sit down and just look at the numbers because as you can tell like i'm just looking at what you're purchasing i could teach you how to budget every day but i if i don't know what you're purchasing at the grocery store that's very difficult so you need to really track that yeah go through our investing program sorry um well yeah you should but that's the one that's in my head um go through our budgeting program and you really need to learn that um okay 435 dollars on another card again you pay it off but it says apple bills it's parking it's more apple bills more apple bills and tons of grocery stores and uh apple bills patreon up splash stock photo library for what that was for the website i need to cancel that cancel it she doesn't even talk to you yeah i know it's bad i think yeah you yeah i mean what's your friend saying how long have you guys been broken up you're doing a bit of simping i know well that's the thing he's like you're doing all this he's like the boyfriend's like you know you know i'm like i get it i mean they're dating so yeah yeah that's normal but i felt like this um no i mean we were on and off for like 10 years dude okay but when was the official official breakup was back in in early march or something like that february she bounced back quick okay um yeah i mean it was just like she was waiting for me to change and i was just too f***ed up to realize and then she just ended up meeting a guy and then she met a guy you met a love story exactly yeah um but yeah so she just met a guy and she moved on and i was like i didn't move on you know i tried to move on uh but i always held out for her you know so um well i mean yeah like what the fuck i'm gonna talk about relationship wise i'm like i don't know i you know i'm not married or anything i haven't met the successful thing but as someone who's been through breakups it's totally natural to feel like you know yeah quite a few months depending on the situation so yeah i mean with that i'm not gonna knock you for that but yeah with that it was like a lot of regret right of things that i didn't do because you knew you could have done better so you're always looking back like i could have done this i could have done yeah exactly because like she i mean she literally like begged me to like make it work and i was like nah and i was just doing my own thing i was lost in my own world yeah you deserved it yeah no so that's the thing like you know she's moved on i'm moving on we're probably never going to get back together or at least how tall are you i mean you're attracted dude you're gonna do well so that's the thing it's like guys are always like oh it's your height you can just pull chicks it's not like that okay but there is an easier part of it the top what is the statistic the top 80 percent of women only swipe right on the top 20 percent of men in terms of conventional attractiveness and like you know six five blue eyes trust fund you know that kind of i mean yeah i think if you have like all of the different variables i know but the height like they see someone below six foot it's like swipe left like that is so classic that how tall are you i'm six four see you have a better chance i think yeah no i i mean i think you have conventional attractiveness so nah you'll be fine you just gotta you gotta actually create like a good dating profile though yeah no i mean so my i i used to use hinge and my profile wasn't that good um do you have a new one no i mean we can we can review my old one if you want i still have it i don't you can look at it in the post show yeah but um in any case uh yeah height isn't everything and yeah sure no it's not everything but you i I mean, you have things going.

41:56I got you. You have a strong income. You have conventional attractiveness. You have height. You have a full head of hair. You have, you're not a fat. There's things going for you. Still had to pay for, but you have things going for you. Went and purchased$900 on here. So at this point, what if we spent on the credit cards? No, we spent like close to$6 ,000 now. This is mostly bullsh**. This one, MoviePass, and this is grocery stores, dude. Fucking Kroger, Kroger, H-E-B, Kroger, Kroger, H-E-B, MoviePass, H-E-B. insurance hb hb target a potential car thing hb whole foods and then another movie you're just you go to the grocery store every second i feel like you're never not somewhere swiping for food you're always swiping for food that's an interesting point um i need to look at the transactions because like i also get my prescriptions from the farm uh from the pharmacy at like a grocery store but are you saying you get a new prescription every day of the week no no i'm just saying like i don't know if some of those transactions were for that maybe one or two but even still across all these statements that's and also like the things you're getting in like the apple apple store as well like 200 bucks what are you getting sure you have some subscriptions like apple music or spotify but like what are you doing and we know you don't have hinge premium plus extra so like what well no so that's the thing i actually i so i had it i just never canceled it i don't because i don't use i don't use the apps anymore but like i still have that so i need to go in there and like you know cancel i used to buy roses too and all that and super likes and yeah so i blew that's what i do right now yeah yeah you know i always i want my friends to set me up with one of their friends that's like a conventional normal way but guess what all my friends friends are already my friends so it doesn't work like that it's annoying $206 of purchases on here it's all Kroger great but you pay that off but it's just the spending and you have those two big credit cards now this one's weird do your parents who you owe$6 ,000 to know that you're blowing all this money you blew that much money $6 ,000 in this last month you blew that all you could have paid them back do they know no

44:19okay well how much did this how much did this cost no how much did it cost like i'm not talking about it for this one it was like 700 it was like 700 okay like i mean when we owe 6 000 to our parents yeah i know it's bad i don't think and then 4 000 to a friend so why do you owe 6 000 to the parents so 6 000 um i think it was like three from my mom and three from my dad are they divorced no no no it was just like they both had their own money and they just gave it to me okay um but i think this this was i mean during my unemployment right from coinbase to this government job um i think i needed money or something like that and they they lent me the money and you haven't paid it back no a penny no so no minimum monthly payment agreed okay what about the friend because that can be even more embarrassing no it is having to ask for a friend no it is um so with my friend he so whenever i what did i just get sent what the fuck whatever what did you borrow four thousand your friend for so so all those trips that like the world cup and this and you know your friend he yeah he lent me a lot of the money like when i went to europe anything back um no i haven't uh i know what's your relationship to this friend i mean that's so irresponsible you just blow six thousand dollars on bull in a monthly basis just this most recent month when you owe money four thousand dollars to your friend yeah that's legitimately that's actually kind of disgusting i'm disgusted in that no i i agree it is disgusting um i didn't even realize like i was spending all this money or whatever but um yeah i mean he's one of my good friends he's not like some joe schmo like me and him are really close he ever talk about it no he never talks about it but um i i need i need to pay him and my parents back you know you need to take control buddy yeah you're you're you're only i i see it now i mean it's coming together now it's like you haven't changed your income has changed so you've been able to sustain and kick things down the road a little more but nothing has changed since you got the income and that's clear you didn't lifestyle inflated yourself you were already in a position where you're just around and this has just allowed you to do it a bit longer yeah and but the thing is like i'm able to go and be disciplined because prior to all this i was discipline like i was like okay well why haven't you showed a single inkling of that i think because for me right now i'm like i know i can make more money so like i'm gonna be it's not about more money it's your spending well it's like if i have more money then it's like i can no because people like you they'll just increase your spending you'll take a flight to the other side of houston instead of driving across the city no i mean i think there's a middle ground right taylor swift every like chance you get you'll take a private jet down to like get a drink of water in the middle of the night yeah no there is a middle ground for sure um but like i need to be more disciplined but my other goal is like i can make more money which will allow me to spend more but to your point i need to be disciplined that's not even like the big thing because again we have 52 ,939 dollars of federal student loans yeah why don't you owe any money so before i got this job i applied oh they don't know so they don't know yet that'll be next next year yeah okay right well but you work for the government though yeah so um so yeah um so my agency actually has a like student repayment plan yeah i don't know if i should do it or not because it ties you maybe three years but it wasn't bad yeah it's just in terms of my career trajectory right do i want to stay in government for that long i'm actually kind of leaning towards it because before whenever you know i was like grinding and jumping from company to company i wanted to work at like a google or microsoft or netflix you're less likely to get laid off as well especially they don't know but i know the department you're in you're less likely to get laid off yeah exactly so because of all the layoffs and like the instability i think government is kind of the right way to go and like the people i work with are cool and knowledgeable and i'm learning that's really inefficient they don't know how to like cut any kind of waste so it's it's the perfect place for someone to sit down and make a ton of money yeah like they'll spend they'll spend our money they don't care about that trust me um but yeah so it's a three it would tie me into a three-year contract and it'll pay up to sixty thousand dollars in student loan debt or student loans so okay that's pretty cool federal or all uh it i think it's just all actually even private really i don't know about that okay you know what let me yeah let me look at it yeah i i don't want to say for sure uh okay but while you're not making payments i mean this one has that one had seven percentages saw seven percent interest so some of these have some higher interest rates and that is accumulating and if you don't get them forgiven like that's gonna you and then what is this there's this um other loan yeah it's the state of texas state of texas loan you were late there you were late there you were late there you were late there you've had late payments all throughout yeah granted i believe that's when you're unemployed yeah so that was probably in 2020 or 2021 before i was employed and i was adopted and i assumed that the the whole um deferment of federal loans applied to to state loans so i was like oh i'm good And then yeah, it's like my check my credit report and I have like all these like bad remarks and it's like late payments I was like, oh, what's your credit?

49:53Um, so I checked yesterday. It's 694 Surprisingly because like my credit utilization is like 60 Yeah, because I've been paying them off and yeah, it's getting better Think you'll actually have a good credit score once they're all down. Yeah What's your minimum payment on this thing? It's like 170 or something like that. Okay because it's two loans oh it's okay total it's it's more it's like what 220 or something more it's about 228 and what's totally total total owed on all this uh i think i have no idea it's like what 13 000 or something like that great so that's the thing it's like i need a budget because i can pay a lot of this off i just don't know what how much i'm blowing money And then is this separate?

50:43Yeah. So that's my private loans. Oh, no. Yeah. That's insane. You've gone. How much school did you do? Yeah. This is so much to the loan debt. This is insane. Yeah. So I mentioned earlier that I got a degree, a bachelor's degree in biochemical and biophysical sciences. And I was a bad student. So I was lost. I know what the I wanted to do. um so i ended up staying in school for like six years um you know accumulated all these student loans i had to get private loans because i was like on academic probation um and the the i guess the up or funny thing however you want to look at it um you know consequence of all that is like i ended up not even pursuing that i i was interning at some labs in the texas medical center and i just did not like the lifestyle and the job of being a biomedical researcher okay um i didn't have the grades to get into a phd so i'd have to take more classes to boost my gpa so i was just like this um yeah 376 hours a month is your minimum yep you're at 31 146 what's the interest on this um let me take a look at my docs i don't see that on here so the interest you have had fees before through a potential yes so the interest for those though uh the private ones is 5.54%.

52:05Okay. Originally, they were Sally Mae. Oh, yeah. Oh, Sally's a... Yeah. Old Sally's a... Yeah, I was getting charged like 10 % to 15 % interest and I was like, that. So I was able to refinance with these people, which greatly reduced it. Any other debt? No, I'm pretty good. There's nothing else except I'm about to have an operation that will cost$10 ,400. okay what's wrong with you that's a good question so i guess it's subjective i'm loaded with good questions i guess it's subjective because i think there's something wrong with me but like there's no like medical so this isn't like a medical necessity right it's not like you know i have like a kidney stone or some like that it's like a cosmetic thing yeah for like because what is it yeah so what 10 000 yeah so okay that's why the because it's cosmetic so your insurance isn't covering anything yeah exactly what are you what are you getting so i was hesitant to say but i'll say so i'm getting a hair transplant i don't see anything wrong so to the untrained eye i'm good but to people that know i'm losing hair and i am losing hair losing yes shouldn't you wait until it's fully gone before you get a transplant no so that's a misconception because once it's fully gone you have less grafts to work with so finasteride yeah i've been taking finasteride for has it worked for you i mean i don't know generally like after a year you're supposed to see if it works on that but i've been taking it you're taking that when you're already losing yes i think finasteride is more of a preventative yeah i think it holds you right yeah well that's the thing i don't i don't i don't know if it's maintaining what i'm current what i currently have because i still you know when i take a shower there's like a bunch of hairs right um well there's a bunch of hairs with most people showers i don't i mean i think the amount of hairs that i have are probably more more okay yeah and that's indicative of like hairs that will not grow back as someone who's been terrified of balding my entire life i kind of get it yeah um that's why i do finasteride as a preventative preventative and have you done like the beep beep you know the drops of like serum stuff minoxidil yeah uh i did it once but i just was like it doesn't really it's like some weird mechanism that scientists and doctors don't really understand how it works right it's like increases blood flow but like what is the pathways so like finasteride treats the actual cause minoxidil does help and it does work um people have had good results yeah yeah for sure but i was like i'd rather just take finasteride which no you'd rather spend ten thousand dollars well there's that yeah 10 that doesn't make any sense though but a reminder i mean what are we at dude one second like these student loans are insane and sure maybe some of them will get forgiven through your job if you stay for three years and i think that actually might be a play because in general it's actually a good job regardless of forgiveness but just your oh no gotta add the thing of america too what are your debts are 130 000 we're gonna add to how are you paying for this so i just got approved for an american express card you see you you've lost it you've lost it that doesn't make sense you're gonna put a hair transplant on a debt i'm i listen i support the cosmetic do whatever you want to do i do support that but you're putting that on a debt well you're unable to pay off your other debts fully because you're spending all your money on bulls that doesn't make sense this is not good for your future this is not good for can you put your head down can i can i see the tippity tappity okay buddy you look fine and i know i know i know you see something that we don't like you probably have some dysmorphia about it and then you probably see some fear in the shower and stuff you may see some receding as well but the breakup really got to you didn't it yeah did number on me but um i mean i've been wanting this thing for four years and what yeah i've been in that position yeah and i was just like at the time i couldn't no this is what bald looks like look at my produce that's i mean i'm there getting there point you're not it's just there's a lot of smoke and mirrors and you know how like what are you combing over like girls they do like the filters on the dating apps or whatever their photos i'm seeing you in real life though and in any case um okay again i'm not against cosmetic at all do it like people should feel confident do it yeah that's but the cosmetic is a cosmetic it's if you can afford it it's not a life or death thing uh like take a sharpie like you you're 130 000 hours in debt this is an additional 10 000 hours in debt it's just increasing your minimum fee payments even if you're 0 for like a year or two years whatever it's increasing your minimum fee payments you're not paying down your debts that i think it's a big mistake i think it's a stupid thing to do i think it's ridiculous especially especially when you owe your parents money and your friend they should be paid back before you ever take out something for just a want because that is a want let's be clear again i'm not against it i'm against it in your situation potentially so that doesn't make sense yeah i agree it doesn't make sense but I'm going to do it anyways.

57:35And to your point... Well, there's nothing I can do then. What's the point? So what's the point of being here? I mean... No, what's the point of being here? I mean, I still have to do it. What? Have to? I don't think you know what the word have to is. You don't know what the word have means. It's just I have things in the pipeline that will allow me to do it. What pipeline? What? Okay, so from July, All of July, I got a teaching job at a top 10 university here in the United States. Okay. Don't want to disclose what it is. It's a computer science thing. Cool. So the government job granted me permission to do it.

58:13And then I'll work some hours a week with the government job, right? But this is a full-time job for six weeks. I'll be getting paid$110 an hour. See what you're doing. And I love that. What you're doing again. This is what you did last time. And it's why you're still in debt. You're like, I'm going to make more money so I can go get in this debt now. And it's not debt that it's adding any return on investment. It's not real estate that you can sell. It's not even a car that you can sell. But you keep going into these debts because you're like, I'm going to be making more money. That's different.

58:42Buddy, work that job for a bit. Save up the cash and do it. You keep getting into the situation where you're preemptively getting debts based on this income. We're hopefully getting you are in this situation. but what it leads to is you get in that situation you up your lifestyle you up your spending you spend 8 000 hours a month you spend 80 of your income and then boom these debts still exist because you're only putting your minimums to them so it doesn't you haven't even paid a cent back to your mom dad friend your best friend hasn't had a cent paid back to him and you're gonna get cosmetic surgery yeah that's a joke no you're right it is a joke yeah so stop being a joke You're 31!

59:24Be a f***ing man! Yeah. Y 'all gotta use my favorite high-yield savings account where you can get up to 4.6 % on your money plus FDIC insurance up to$2 million. You can also get up to$300 for signing up today. It's the personal high-yield savings account that I use for my money, so don't let your money be losing money while it's just sitting there. Click the link in the description below and get those bonuses. That's not a joke! No, I agree. I think if I'm able to cut... That's stupid. it if i'm able to cut back on the food spending yeah if you haven't demonstrate to yourself that you can for a couple months but if you cut back on your food spending for literally a month and a half you can afford it in cash yeah a month and a half can you wait a month and a half your hairline can it's not that bad yeah no i gotta do it now it's like the way done then i'm done i'm done then because it's stupid three thousand dollars in your checking account zelling moving some things back and forth making some payments okay i don't even want to like take a look at those things because if you're that's so stupid you have nothing to retirement you have nothing to retirement yeah it's stupid it's stupid it's selfish it's immature it's stupid it's stupid i agree so change it what do you mean if i cut back on the spending and i do my other things when's the cosmetic surgery it's next week oh me this is why'd you even come on this show why did you i was on your side until this this is the dumbest thing i've ever heard in my life this is the this is a stupid cancel it be a big boy this is stupid what's it even gonna look like what's gonna be different that's a good question uh it'll look a lot different i think um what do you think you look like it'll fill in the areas where i've receded it'll add more density i mean we can get into the technicalities of all that but it will look different in the long term for sure yeah i don't know it's so stupid it is stupid i don't even want to make you a budget because it's again you're just you're willing to go blow ten thousand dollars on something like that it's like it doesn't really make sense like why make you a budget at that point you're not housing 600 yeah you so your proportions are weird you have a car payment no because it's a but that car like you're not even buddy you're in a position where you won't drive that car because it's gonna break down yet you're willing to spend 8 000 hours a month on you're willing to or six thousand hours a month on bull you're willing to spend ten thousand hours into debt on a on a hair transplant and then if you if your car breaks down you have no choice but to borrow money for a down payment then just borrow everything on the car like you just it's a it's a joke go to the grocery store 1738 what a joke going out to eat 1 ,904 what a joke miscellaneous bull $667 of the large purchases$2 ,675 you have the potential to have the life that everyone out there who's watching this wishes they could have the life we all wish we could have and you're literally throwing it away and it's so stupid cooking classes FedEx, ATM withdrawal$1400 bucks that's the that's well that's what we thought this is cash half out ten dollars zellion out 1178 and venom went out ten bucks where's all that money going yeah so the ten dollar transactions those are fine i don't give a about that 1700 from the atm and then uh or 1700 from zell and 1400 from the atm the we doing that i actually don't even know i think the atm withdrawal is from the whole thing yeah that was last month so i don't actually i don't know i have to look into that um so yeah i i'm gonna end it because normally i make a budget but i think it's a waste of my time and everyone's time to do a budget for you i mean you're you're gonna blow the money no matter what which makes me question why why did you come on i want a budget because i know i'm not going to give you a budget if you're not willing to change anything you're not even willing to cancel something that is so substantially large and so i it's dumb it makes no sense people get a budget when they're willing to change when they have the ability to make sacrifices but you're not willing to literally not do a hair transplant so the hair transplant no like i gotta do it yeah then i'm done then i'm then i'm done i'm done we'll talk more about that fun story the post show and we'll make fun of how the producer's actually bald and you're not and we'll we'll do things that it'll be silly silly hee-haw times but i'm with this finance because this is no no this is stupid no it's like this is stupid like the spending on the food i'm willing to reduce that to rice and beans and chicken hammer financial score you this is the we're going to go to the post show stick around for that uh check out the investing course you get a hundred dollars when you sign up for it and the class is only 97 so you actually make some money when you sign up so make sure you guys check that out it is the price is being raised next month so check it out now we'll go to the post show today on the financial audit post show you know she was like let's go let's do it manager walked in halfway through i was like what the yeah i I don't know if she does that normally with other clients.

1:05:18Should we send Noah to find out? No, thank you. So Noah, yeah. To watch the Financial Audit post show, click the join button below.