Degenerate Son Exploits Parents | Financial Audit

0:00If you used Babbel, you would. Babbel's conversation-based techniques teaches you useful words and phrases to get you speaking quickly about the things you actually talk about in the real world. With lessons handcrafted by over 200 language experts and voiced by real native speakers, Babbel is like having a private tutor in your pocket. Start speaking with Babbel today. Get up to 55 % off your Babbel subscription right now at babbel.com slash Spotify. Spelled B-A-B-B-E-L dot com slash Spotify. Rules and restrictions may apply. This is a real good story about Bronx and his dad, Ryan. real United Airlines customers.

0:35We were returning home and one of the flight attendants asked Bronx if he wanted to see the flight deck and meet Captain Andrew. I got to sit in the driver's seat. I grew up in an aviation family and seeing Bronx kind of reminded me of myself when I was that age. That's Andrew, a real United pilot. These small interactions can shape a kid's future. It felt like I was the captain. Allowing my son to see the flight deck will stick with us forever. That's how good leads the way. To watch episodes of Financial Audit a week earlier, check us out on YouTube. A couple hundred dollars to a couple thousand dollars.

1:06Not really gambling, if you ask me. What do you mean that's not gambling? I don't always lose. You know, sometimes you win. Nat, you've lost, so you've lost. That's all your income with both new jobs. It can't be that bad. I mean, I know I need to stop. I don't lose every time. Are you serious? Are you going to me right now? What the f*** are you talking about? It's not the absolute worst. What are you talking about? Like legitimately, what are you talking about? I never claimed to be a good gambler. My name's Trenton. I'm from Minnesota. I'm 22 years old and this is Financial Audit. Welcome down from Minnesota, fellow Midwesterner.

1:43I'm glad I escaped and welcome to escaping. What do you do for a living up there in that barren, snowy wasteland of freezing? Yeah, I work weekends for Old Dutch Foods, so I stock shelves with products that are already there. Okay, how much do you make doing that job? um probably around 30 grand a year maybe a little more just weekends yeah no it's a really good job okay wow yeah okay and is there another yeah no then i i work um delivery driver for a pizza shop called chanticleer and i work like two to three days a week there so okay and what are we bringing in with that one probably around 20 000 a little more a little more hours at the touch the dutch place uh well it's just a weekend job so if i were to go full time yeah it'd be monday through friday yeah but the pay would be less how much uh so i'd probably start at like for the month just the monday through friday would pay about 42 000 a year at the minimum okay but then once i would if i were to do that i could get like uh my own route and then i could make up to maybe 60 70 thousand a year gotcha then the weekends on top of that so another so obviously we have some debt we have some spending but i want to ask you give us me and the audience just a little background what are we looking at here uh so a lot of my debt and stuff comes from my gambling so i at 22 yeah well i started when i was 15 how wait how um well you know you had a fake no the casino is just you you get to know which ones are tight with the security and which ones are not the minnesota accent is it's a powerful one oh you betcha i love it okay sorry yeah yeah yeah but anyways i was 15 i brought five dollars at the casino set at a blackjack table they allow that 15 year olds well no but they didn't check my id because i've always looked older okay but you don't look old well when i was younger i looked actually a similar haircut i guess so yeah if mine hung over a little bit more on the sides um yeah anyways but i turned five dollars into 200 at a blackjack table and then ever since then And I've just kind of always wanted to keep trying to repeat that experience.

4:14You're into debt for the gambling? A lot of it. Because of the gambling? A lot. So what I would do is my American Express would allow me to send money, like Venmo money, to my friends off of my card. And then I would just have them give me cash. Okay. So what does this gambling look like today? um kind of the same thing but how often are you gambling and with how much and what are you playing and where and why and when and what anything i don't know you i like playing blackjack i'll play i'll gamble on anything anywhere i mean if i think i can make money i'll bet money towards it okay and how often um lately uh it's been like maybe once every other week for like big time gambling trips where i'm going to be where i'm going to be spending you know a couple hundred dollars to a you know a couple thousand dollars but a lot of times i'll every other week so like four thousand bucks a month i mean i don't always lose you know sometimes you win yeah but net have you lost or won well i've lost quite a bit that's all your income that's all your income with both your jobs if you lose it all net have you lost more or one more lost more okay so it's not about sometimes i win sometimes i lose net you've lost so you've lost i never claimed to be a good gambler no of course not but that doesn't but you you spend if it's really two thousand dollars a week uh every other week i mean on the on the top end you know it's not always that much and i don't always lose all the money but 52 divided by two no it is okay it's like 52 okay that's wild so you're clearly addicted oh yeah definitely can't get away from it and like like me and my buddies even when i'm not like going to the casinos and gambling you know the bigger chunks of money like i feel like once a week we're hosting like poker nights where we buy in for you know 20 40 bucks between 10 guys then we play like tournament style like winner takes all or but this addiction it's obviously brought financial stress to your life and potentially other stressors i don't know what have you done to combat it or get help or do anything i mean there was a while there uh last march till like august i didn't gamble at all okay or besides maybe like you know the 20 dollar 40 dollar house games which not really gambling if you ask me what do you mean what do you mean that's not gambling well it's you know it's like going out to eat it's like oh 20 bucks you know it's like going to see a movie addicted to going out to eat and then you go and get a cheaper meal out to eat you still went out to eat yeah i guess that's true so you never stopped no i guess not then and then what made you get back into the high roller um i don't know just my buddies asked me to go one time and i just decided to and then i kind of wanted to start keep going to the casinos again so is your friend group a big gambling group very big gambling you know i mean you know the end result of this right the end result is you probably can't be friends with them which is so hard that's so so much easier to say than do because what are we without friends you need a support system you'd be bored you'd feel lonely but also they're dragging you down because if you want to get to a better place where you're not addicted to gambling spending your entire yearly existence on it and everything single cent you make you'll you'd need to get out of that situation but like how can you it's hard if you ever sought help um i don't think like really like i've i've asked my friends to like not invite me to anything but there's gamblers like groups i'm talking like you know oh no nothing like why i don't know i always figured i could if i really wanted to i could quit by myself and how's that gone not well at all okay so that leads us to probably the other thing then good old uh gamblers anonymous yeah why not i don't know i yeah i suppose i probably should do that but is your is the debt that we're looking at basically all because of the gambling or is or is there more here i'd say it's probably a 50 50 split between really gambling and then just like uh going out to eat and drinking and just uh going on vacations and you were venmoing from this card this first card you were venmoing money to your friends and then they would give you the cash i mean they weren't all super supportive of it like but they get it like i'd be you know down all of my cash from my bank account and then i would have to basically beg them do you have rent yeah how do you have you ever missed rent no how how i feel like you're skirting the line yeah um i don't know there there's been you know occasions where i'll take out like a two-week loan from a buddy just to like two-week loan from a buddy just to make sure i like don't miss a payment like yeah that should scream that you've reached like you're basically you're inches away from bottom if you're getting loans from your friends so you don't miss the payment so you don't become homeless yeah like how close are you to the bottom i'd say pretty damn close from that as of recently it's kind of been like well american express i used to have a 30 grand credit limit on that and just recently they cut me down or they basically cut it down to like my 22 000 did they really yeah they that's not reflected on here so that happened after this statement i think it came into effect like june 1st oh okay so let's talk about this i want you to self-assess a score for me real quick though your financial score zero being the absolute worst 10 being the absolute best where do you think you are on the score of finances zero okay i'm not i don't think anyone's super surprised based on what we've talked about so far but that's tragic because you are too young you are too young for that man and that you're too young to be throwing your life away for this if you want your hammer financial score it's free in the description below and if you have anything that you want to discuss with me on this show definitely feel free to apply at calebhammer.com apply let's jump into the debt this is insane this card is insane the debt is basically your age on one card alone like that's ridiculous like accumulating a thousand dollars of debt on this one card alone for every year of your existence so amex we're sitting at 21 138 and 94 cents that's that sure that's crazy what's even crazier the minimum monthly payment is 770 dollars and 55 cents what hits your account that we could see on a monthly basis that we could see and please correct me if i'm wrong

11:56what's the mobile deposit tips uh or atm deposits is that tips okay yeah yeah we had payroll 1468 we had flash seats 1500 so flash seats that's me selling my season tickets and that's just the okay what's the atm deposits of 2640 um it could be uh me winning gambling i'm not exactly sure how much hits your account from your earnings on a monthly basis jobs earnings jobs earnings um should be right around 5 000 or no like four to five thousand somewhere in there it ranges with tips but thousand five hundred twelve fifty four thousand it doesn't add up you said twenty thousand from one job thirty thousand from another job that's fifty thousand dollars you're saying net you get fifty four thousand that makes zero sense do you either not know your income or not know what hits your account which one i don't know exactly well my tips range like a lot like Like sometimes, like it's a small pizza shop.

13:01So sometimes I'll make, you know,$50 one night. One night I'll make like$100. Three days a week though? Yeah, and occasionally I'll work like four days a week if they like really need me. But mostly it's three days a week. How much can I trust? Because I can't see, by the way. Because again, payroll, we had$1 ,468 at your account. We had a mobile deposit,$701. Again, maybe that's gambling. Venom went in,$257. a dm cash deposit 2640 you don't know what's gambling you know what isn't and then selling your season tickets we'll talk about that as well how how i don't know what hits your account how how certain are you on this 4500 average so i get paid uh monthly from old dutch just how certain are you on this 4500 average I'm positive okay let's call it that then taking your word on that the reason like like I don't care if it's$4 ,000 or$5 ,000 but if we have a wrong number the conversation we have at the end of this where we do a budget and we try to figure out systems can be completely thrown off and I'm having to take your absolute word on that Amex yeah$717.55 minimum payment okay what's going on here you made a minimum then you purchased you purchased one thousand five hundred thirty three dollars that's crazy that's an insane number you know why that's actually insane because here's your credit limit not because they lowered your credit limit because you don't know how to manage this

14:42would you like to join me in this conversation um i don't know what what was the what was the purchase dollars for what you don't even know what you purchased buddy that's purchases that you had oh purchases yeah i mean it was probably just getting food and so they lowered your credit limit because you can't manage this the minimum monthly payment is absolutely insane for your income situation what is it okay 4500 and the minimum payment to 717 717 divided by four thousand five hundred dollars 16 of your income goes to just one minimum payment on one credit card on one of your debts out of the many debts you have okay so we decided to go purchase on it food which is what you're saying we didn't even go through the purchases but you're saying it's probably just me going and getting food nonchalant you know this is nothing it's nothing it doesn't matter you think that's okay you think that's acceptable it's charging 511 dollars and 28 cents in interest that's okay no then why the are you doing it um i don't know i'm just trying to like because i don't have money on my other cards so what am i what am i supposed to do am i not go out to eat what are you talking about if you do not have money you do not go to mickey d's i don't know where you went but we'll look at that in a second does that not make sense how does that not make sense i mean it does but like i just i don't know i i just i i don't like to just sit in home do nothing it's it's just super hard for me i don't know park both of us could use a few more miles of walking a day yeah i like i go out and do things but there you go mission solved problem solved Mission accomplished.

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18:22Scan the QR code on screen or click the link in the description below to get started with Moo Moo today and start planning for your financial future. Why do we have to stop at a fast food restaurant on the way? I don't know. I get hungry. I don't want to eat what's at home. Then why don't you buy better things for home? Because it's just easier to eat out? I don't know. It is easier to eat out. So laziness. Would you define your life around laziness? guess sure i guess sure you guess yeah i guess i'm lazy and you know what do you think like we're finding it out we're figuring out we're trying to diagnosis so we can try to come up with a plan all right i guess then i'm i'm lazy and i you guess i mean i feel like you're just trying to i am i am lazy okay i would much rather go out and uh have somebody else make my food than me make it sure uh i'd like to go out and do things with friends rather than sit at home and do nothing that's fine that doesn't mean you have to spend money though yeah i don't know friends is not a bad thing i'm not opposed to that by any means let's talk about laziness laziness is interesting because what happens with laziness well your laziness of this going out to eat pushing this to the credit limit it's going to go above the credit limit very soon because it's accruing 511 hours in interest every month and it's actually going to start accruing even more than that because he put a larger because you started at 19 000 and it went up to 21 000 so you made the balance bigger because we're spending money on things we can't afford so let's talk about laziness you do that because you're lazy what happens to a lazy person later in life hmm well then they're forced to either get or not be lazy anymore because you're gonna have to start earning more income because your monthly payments are going higher kicking the con down the road we're just building up more debt more debt more debt more debt more debts building up more debt because we continue to be lazy then it catches up to us and then you have to pay for you're paying for all the laziness now in the future which means you won't be able to be lazy in the future you're making it hard for yourself maybe years down the road sure but you're making it hard for yourself and someone that has an addiction let's be honest i'm not going to shame the addiction itself because that is a real thing that a lot of people fall into a lot of people fall into nicotine a lot of people fall into a lot of people fall into a lot of people fall into gambling these are very real things I'm not going to shame you for that, but as someone who deals with that, you, having this thing coming down the road that you're going to have to deal with is going to make your fight of that addiction 10 times harder.

20:49Because if you have to deal with all these major responsibilities that you're just kicking down, kicking down, kicking down, kicking down forever, how are you going to deal with that when you're trying to fight one of the hardest things ever? A big addiction. you're ruining your potential of the future life you are making a couple years down the road maybe a decade down the road sure you're making that so much harder for yourself

21:18yeah i'm i mean that's what laziness does yeah i don't doubt i need to make a change but i just it's really hard for me not to just go and spend money somewhere like what all i'm doing is all i'm like i'm i'm working and i'm not at home for you know you know six to 12 hours a day to like but weekends i'm out on the road almost 12 hours a day like i'm gonna have to go talking about road like so i'm weekend service i it's like a route so i do like you know you know 15 stores in a certain area so like when i'm out doing that i have to go get food somewhere so i and it's i don't have money on my this conversation so intense a thermos have you ever seen a thermos anywhere you've ever seen one of those you've seen yes i've seen a thermos what do they do uh they keep food warm so your car big enough to hold a thermos it is big enough to hold a thermos That's interesting.

22:21That's an interesting little tidbit. Hmm. How's that? Is that an option? Yes, that is an option. Soup's good. I love me a soup. Yum, yum, yum. Sammy's. Coolers. Ice. Things you can put there. Fruit. Vegetables. You can get crazy. Be a weirdo. Put some milk in your cooler. Eat some cereal on the road. be a freak i don't care saves you money yeah i'm a freak i'd eat cereal on the road sure why not all right well i'll stop you will stop yeah i i don't really have an option i don't have the credit anymore i think you can open up another line of credit which is what i see a lot of people do on the show so that's why i'm taking this very seriously because you're right on here you can't purchase anymore but you could find more predatory services amex isn't bad but people in your situation where they have this behavioral issue that they just cannot stop going out to eat all sudden credit one shows up in the mailbox and they're like yeah i'll take credit one they start getting interest and fees yeah i'll take the next credit one i'll take the next credit one i'll get the next predatory lender and the next predatory lender then i'll get the next payday loan then i'll get the next payday loan that's happened so many times on this show that would be devastating for your life and you're too young you are too young am i getting old kill me now you're too young to have a 21 138 balance that you're still accumulating that had its credit limit decreased because you don't know how to manage it with a 717 dollar minimum payment with 511 dollars of interest growing you are too young for that i mean it's not like i want to keep you know spending the money and keep growing my debt and all that it's just why do you think you haven't stopped we've talked about laziness for sure yeah have you recognized that laziness though before this conversation uh yeah i i would say i have recognized that laziness but so what have we done with that then when recognizing it i don't know i try to get myself motivated but i can usually motivates you money money motivates me well you're losing it all yeah you're that you're negative negative net worth as far as i know yeah no that's um what motivates you about money because money is more of a tool i guess i guess probably one of the reasons i i'm get so far into debt is because i like i guess i maybe it's not money that motivates me it's what money buys that motivates me so what is that for you uh vacations nights out with friends life experiences yeah life experiences okay well you're now at the credit limit and you're losing your money with gambling as well so that has all of a sudden limited what you care about if that isn't enough for you to start turning things around i really don't know what it is sometimes people have to hit rock bottom sometimes when we're looking at it from the outside it's like what more rock bottom is that but people find a way and i hope that's not what you have to experience first i hope you can catch yourself on the way down so the purchases in here uh a record store thing or like an apple bill uh cub foods golf golf going and getting some booze going inside a gas station getting some bulls animal draft house and i love myself in animal draft house don't get me wrong but again we're at the cap and it's accruing hundreds of dollars interest in the minimum payment's almost a thousand dollars golf course you're at the golf course every second of your life liquor again do you drink a lot i'm trying to quit but well that tells me you drink a lot yeah i yeah 22 your life does not have to be this denny's oh no tobacco and vape 145 dollars what okay what is it um yeah so i'll just buy a disposable and i like to have a disposable and like uh it's like a vape that comes with juice in it and then i like to have a vape that i can refill you're double fisting yeah yeah shake my hand for a second hi my name is cam hamner nice to meet you i have an addictive personality just like you do one thing i've learned because of this addictive personality is i don't get into things that are typically addictive for other people to get into because i know i'm gonna get addicted into those things that are find very addictive it for most people what i need you to do as we're continuing throughout life obviously yes you're combating this you're trying to stop drinking and the vaping that's a whole thing that you're gonna have to you know figure out and then the gambling it's a whole thing you're gonna have to figure out as we're going through this you're four years into adulthood we need to have some self-realization of your life if you know you have an addicted personality which from the outside is very clear to me but you know you i need you to figure that out one thing i've learned that has help me is I just stay away from that because I know I'll go down those lifestyles if I start jumping into them because I am a habit-ridden person.

27:32I am an addictive personality. That is something that if you think that is you, I want you to recognize, potentially talk to a therapist about, but also try to stay away from those things. And if your friend group is pressuring you into those things because that's how they live their life every day of their life, it's not the right friend group for me, which again, I know is so hard because how do you not have friends and it's so hard to get a friends as adults outside of college outside of you know maybe potential work or something i don't it's hard i know i'm asking the world uh what would you have me do then would you have me you know stop talking to like most of my friends and just keep around like is it one or two it's probably a i mean we're all basically friends with each other yeah it's like a maybe a group of like 20 of us what do you guys all do when you hang out uh well poker nights um okay going out drinking okay yeah going racing up in brainerd we have a raceway up in brainerd and also my buddies have like you know a couple hundred thousand dollar cars that just fly i mean i'm okay with that one unless it's sinking a lot of money into it for you well but what we do up there is we just drink every night like that's probably it just sounds like it's like it's just the friend group that is it just sounds like this is not the friend group for you and i know that's so hard yeah but if you're around that every day i don't know what you're gonna it's gonna be so much harder to stop cup foods dairy cleans liquor again liquor oh wait twins legend twins legend uh mcdonald's Cub Foods, Alamo Draft House, Alamo Draft House, getting some coffee, going to the golf course, going to the golf course.

29:20Let me get it. Guess we're drinking and smoking on the golf course. Portello's Hot Dogs, China Panda, Alamo Draft House. What the f***? Alamo Draft House, Alamo Draft House. I love Alamo Draft House. You've gone more than me this year.

29:34McDonald's. Continues. What's Holiday Stations? It's a gas station. That's probably not gas with that price. animal draft house dq dq portillo's hot dogs got our chili dog looks like hotel booking company where the f*** are you going maxed out credit card um well i was gonna go to vegas but i've since canceled that trip thank you why did you cancel because i didn't have money to go that's certainly a reason i would rather it be because you recognize you have a problem and Vegas is probably not the city for you. Yeah? No, I agree. I need you to go to a cabin in the f***ing mountains or something.

30:20Tanner's Brook. Golf course. Tanner's Brook golf course. Tanner's Brook golf course. You golf, you f***. You wake up. You f***. Go get some breakfast. Then you hit the golf course. Then you see a movie at Alamo Draft House. Then you step up at the liquor store and vape store, load up, and then gamble. It's like every day of your life. not every day i mean but certainly one of those or at least every day i feel like if you don't have fun every day with something then you're i feel like you just can't live because again this is like every day is at least something i'll be going to the bar going to the bar going to the golf course going to the bar golf course going into a gas station getting some possibly bar bar bar bar oh that's it thank goodness lost this year in interest so far it's basically two thousand dollars just from one card i mean i i could start you know just i have a membership to a golf course so i don't have to pay for golf all the time but it's just another thing like me and my buddies we love going golfing and and i love that too now with the buddies who are going golfing again it's us encouraging drinking smoking yeah it's so i just i don't really want to get rid of my friends because if i get rid of my friends i feel like i'm just gonna you know stay at home and i'm gonna like start doing like or something i don't know i don't know like maybe i'll start smoking again and again so i yeah i used to smoke a lot but and then but i i don't do it anymore good but like no i know that's why i said it'd be hard because i don't want anyone to uh you know feel like they're friendless and they're alone and that might push you to a worse situation that's why i'm so scared but they're certainly enabling you and you're behind you're surrounded by all these addictions that you have and you can't escape so finding friends is hard are you in college uh are my friends in college are you no i'm not in college okay are you friends with anyone at work um i have a couple friends at work but i don't hang out with anybody outside of work maybe try yeah i don't know i'm just i'm not gonna get rid of my friends like as much as like maybe they're bad influence on me the bottom line is i'm making my own choices they're not well yeah forcing you know you're making choices though i do yeah but it's not i don't know it's not like i'm sitting here and i'm just spending money every single day as much as you might you are spending money every single day oh everybody spends money every single day but i'm not going out and just sometimes on bills and utilities yours you you had at least one bull a day minimum you can look at it you have eyes i see them feel free three pages trust me every day can fit in three pages what are you going to do differently if you're not going to get rid of them again it's i'm not saying i want you to get rid of them it's almost more like just like a thing that's being forced upon you as someone trying to get better so what are you going to do differently then i i guess i'll stop hanging out with some of my friends but can you do that because it sounds like a big group i i can make it so i'm only hanging out with like two or three of them but what do you do if like one shows like oh my gosh darren's showing up today i'm not gonna hang out with darren's here i don't know i if that's the way it goes on i probably shouldn't be friends with those people like that's not the kind of friends i want to have anyways i don't know it's risky man it's Whiskey man, I would certainly have you.

33:57Do you see a therapist? No, I don't see a therapist. I think that could be important to navigate those relationships. It's pretty good. You're obviously not a credit card person, buddy. Just like anyone on the show, I'd recommend using the Fizz card. Charge card, gross credit, so you don't have to do it this way. Also, have you ever budgeted in your life? No. Okay, that is clear. I need you to budget. We're going to make a rough budget at the end of this, but I need you to sit down on a monthly basis and budget. Figure out what you want your budget to look like, what you did wrong the previous month, what you need to adjust for the future month.

34:36So just like anyone else who comes on the show, we're putting you through our budgeting program. Go through the budgeting program. Take the education. Take the quizzes. Use our budgeting spreadsheet. All of that. You can also take our investing program. You're obviously not ready for that yet, but you do get a free$100 for signing up, which is good. thanks to our boys over at Moomoo. Love those guys, but go through that. Learn. We're providing the resources for you for free for a reason. So please take advantage of that. Let's talk about the second card. Freedom card. Freedom to get bent over, pegged by Chase.

35:11$5 ,124.15 with a$51 minimum fee payment. I'm thinking it's a minimum fee payment. It's not over the hundreds at that point, at this point. what do we have here made a minimum this one's a zero percent interest it seems and you didn't put any new charges on it oh well you can it's basically maxed out but uh okay so it's a zero percent yeah so i took um five thousand from the amex and opened that card just to put it on there for a zero percent interest oh so it's just a transfer from the amex and then the amex got remaxed out again see this is why you're not a credit card person i would rather you and tell your discipline with finances close these accounts take away any access to credit because you just can't take advantage of it you like you build up a credit then you use a consolidation but or more of a transfer in your case and then you just build it right back up again it shows that you just can't manage it and it's more bad for you than good yeah i don't know i mean that card to me seemed like a great idea at the time which one uh the freedom okay but but it didn't make a difference though because the money that you transferred from your amex you built right back up again yeah well i think the main reason i got the freedom one because that's back when i was on top of my card so like i transferred the 5 000 your cards why did you have to transfer money if you're on top of it well it was like at the beginning of it getting out of hand so i transferred it to zero percent five thousand not the beginning but then this card was empty when i did that like five thousand at the beginning when was this oh gosh like seven eight months ago i want to say 21 uh yeah five thousand dollar credit balance at 21 is not just the beginning of it getting bad that means it's been bad for a second that's a amount of money yeah that seems kind of like bulls**t to me i mean yeah maybe i wasn't the the most uh financially you know set person at that time but it was certainly a lot better than it is right now like it was you know probably 25 grand less than what i'm looking at right now you know people are gonna call us twins in the comments below anytime anyone wears glasses they're like oh it's caleb's twin especially if they're white but we actually do have relatively similar hair where your hair you know it's a little more curly in the front and similar haircut i don't have the earrings but uh she gets some earrings and uh we're both thick so there's gonna be so many twin commons so many twin commons that's gonna be crazy total fees probably the transfer fee looks like you have about nine months in style interest starts accruing this i don't think you have access to credit you can't manage it you're 22 and you can't and i was your age when i started to get out of bad debt and then i learned to manage it and then i you know i've given myself access to credit cards because i i you know i like credit i like credit scores i like taking advantage of leverage but right now it's taking advantage of you and you're not taking advantage of it i mean i i don't know i what like i don't just i don't know where i'm supposed to spend money then like how am i supposed to like pay for a gas tank when i have checking account budget but like how am i supposed to pay these cards down and be able to like fill up my car with gas and get groceries we're at a minimum monthly payment of 768 dollars i do believe you said four thousand five hundred dollars comes in so i think uh you can afford gas i don't know what i i mean i got a lot of other payments too like you know i gotta pay rent and i got how much is your rent 500 that's the cheapest rent i've ever heard in my life are you kidding me kill me now stick a gun in my head that's dumb that can't be an excuse and then i have my car payment that'll get to it you know so what other payments uh insurance and then what's your car insurance uh three 80s almost as much as a rent okay great and then gosh i don't know like oh i have season tickets to the timberwolves that's the timberwolf a timberwolf it's a oh who are they what is the season ticket to basketball milwaukee no no minnesota minneapolis yeah not a basketball fan no no i like football i like golf as well all right so we can we can we can vibe on the golf game but yeah i'm paying like 1100 a month for those is that a professional team yeah i've never heard of them in my life but again we made it to the western conference finals that certainly means something to someone um but from michigan i would think i would at least know what minnesota professional basketball team is okay interesting you have season tickets to them yeah you can't afford that how much is a season ticket it's an investment the are you talking about if you want to take your investing to the next level my new investing course is still on sale until july 1st we're offering the course for only 97 which is 50 off you'll get over 55 lessons the best budgeting spreadsheet known demand portfolio strategies worksheets retirement strategies and i'll give you a 100 muumuu cash reward when you sign up with muumuu check out the link below for more stop buying sweet treats people and start investing well yeah you know i also you know pay what 14 grand after the 12 monthly payments of about wait what the f*** are you talking about 14 it costs 14 ,000 dollars a year yeah so it's two seats in the club level no you no yeah that's wild but here's the thing I can sell wild and I can see you're almost proud of it I see it on your little face but you can sell them for a profit I made money last year so you buy the tickets and then you sell them so you don't even i sell like half 14 000 do you know how much that is compared to your 50 000 that's insane okay so last year you made money how are we doing this year so far isn't it the finals like right now or something no the finals are over they just ended how'd that go we did not make it to the final tell them the tickets selling the tickets oh selling the tickets i don't give a the team made it um i mean it went well i probably made like four or five grand in profit this year and that was how many years have you done this this is uh last year was my first year um doing it where i've been selling everything but those were also seats up in the nosebleed so i only paid about um 1700 for the whole season and now we're doing 14 000 i figure i'll just make more money 1700 to 14 000 hold the risk this is for someone making $50 ,000 to$60 ,000 a year.

42:10That's so much money. That's so much risk. How'd you pay for it? Credit card. Oh, f***. What credit card? The next one, the Discover. Oh, f***. I actually thought you had two credit cards. I forgot you had a third one. I thought we were getting to the car payment. The Discover. Discover it. Everyone's favorite. Discover how to balloon a credit card balance on basketball tickets.

42:402 ,747 that doesn't make sense you said it costs 14 000 well but i pay in monthly payments of 1100 a month so you finance it and you pay your financing payments on a financed card so the loan that the timber was give you is free like they don't charge they don't charge you that you can either pay it all at once or pay it in 12 months either way you financed it and then the payments for the financing you're using a credit card which is financing you're financing a finance payment i guess i am yes yes you are uh 82 dollar minimum monthly payment and there is interest accruing on this so that payment ain't free 24 hours of interest fees of 41 dollars and then 2825 dollars of purchases kill me now and have you made money from this so far uh this not last season no because well you can't you don't get to sell your tickets till the season season start i believe you're paying for it now like october or september around the same time football starts so until then you're paying 2825 a month until the fall yeah how are you paying for that let's say you even do make a profit cool how do you how do you pay for that because there's a 3 800 limit on here how do you pay for that well that's the discovers the card that i really try to attack with the payments okay i want to remind you how this part of the conversation started for a second because that actually just pissed me off now that i'm actually remembering it you said it's because of my bills i i can't pay well yeah but i can't pay these card cards off because of my bills what are your bills oh five hundred dollars for rent pennies for rent oh you know three hundred dollars for car insurance that's actually kind of an expensive car insurance almost as much as rent but you know know we still have thousands of dollars to play with oh you know what just finance two thousand eight hundred twenty five dollars a month for season tickets of a game that doesn't start until late fall what the now that's a bill you're right and that's a stupid bill for your situation because it's gonna take you a long time even if you do make money but i don't know how you're how are you paying for it until then well that i just every any payment i make on my credit cards usually goes minimum payments and then anything extra goes towards that one so that i can charge charge the next month to it but what what happens when that you lose it in a gambling thing and you can't fully make the payment you're obviously not fully making the payment because interest is accruing anyway so you're not making the full payment so it's still gonna get bigger and bigger every month what is happening here there's no refunding this is there uh no me can you sell these now just so you know you at least break even this is so risky for your position listen it's a hustle i do get what you're saying i'm not saying you're gonna completely fail from that specifically of the hustle but in your situation you can't pay for this right now you've you you've put yourself in one of the most risky situations i've ever seen for purchases well i'm a gambler at heart you know yeah you are you certainly are and that's not going to be an answer that i'm going to accept timberwolves tobacco bar and grill portside restaurant portside restaurant port side restaurant mcdoubles timberwolves animal draft house timberwolves game pass um 10 bucks okay whoo whoo yes i thought no and then there's game pass 312 dollars is that yearly yeah that's a that's a year either should or it might be six months but i think it's like 30 bucks a month is what it game passes up to 30 a month okay you can't afford it animal draft house and timberwolves again kill me now kill me now

46:41it's a 30 this harms me i mean it can't be it can't be that bad i mean are you serious are you gonna right now what the are you talking about absolute worst what are you talking about like legitimately what are you talking about that is what are you talking about no no what how do you what do you mean buddy do you not understand that you can't fully pay off that card all the other cards are maxed out you can't fully pay off that card you said whatever extra i have i've put towards it but it's not even all of it so you can't pay it off and every month this is gonna hit and hit and hit and hit until late fall when you can finally sell it and until then this balance just goes up and up and up and you're already close to maxing it out so it's potentially only a couple months away until it's maxed out then you won't be able to make the payment that you financed through the timberwolves what do you mean it's not that bad how do you possibly mean that that's gonna ruin me what do you mean i don't know i i think that's insane i just think that if i can you know get through five four or five months of you know just making these payments you can i can and i will i How?

47:57Mathematically, it's not looking great. It's not looking great, but I'm going to find a way. What the f*** are you talking about? I'm not going to lay down and die. I'm going to find a way to make the payment. What's your way? I don't know. I'm going to go get another job probably. Oh, great plan! I don't know. I'm going to go get another job. I'm going to start working more. I'm going to start making more money. You're going to have to go work three jobs now just to be able to pull off this scheme? You know what? I mean, I should be working more than an average person with this debt should i not you should but you're not doing it for the debt you're doing it so you can do this timberwolf yeah because when it comes time to start selling the tickets i might make 30 grand this year oh might was a very powerful word that's an interesting word why don't you say it again i might make 30 grand this year on the top end yeah yeah that's a your life is a gamble right now and uh I can't help that part very much, to be completely honest.

48:57I can help people budget. I can help people get out of debt. Addiction of gambling, everything, everything, everything, everything. There's not much I can do about that. And it's going to, it's going to, I'm going to wake up one day and see you under a bridge of 25 and that's going to break my heart. No. Because that's where you're going. You gamble everything. I don't know. I don't think the season two kids are a gamble at all. You said the word might. You said the word might. I was referencing might as in talking about top end of how much I could make. I'm going to make money. You're the day trader who made$200 off$1 ,000.

49:33And then you're like, oh, so let me go ahead and do$14 ,000. Good luck. What's your car? 2024 Equinox. You have a 2024 car? Oh. Oh, no. It's$40 ,000. Buddy, that's almost as much as your income. Yearly income. That's horrendous. Yeah.

50:05I need to lube my throat to swallow all this debt as well. I get it. $696.14 is your minimum monthly payment. That's an insane minimum monthly payment. That's$200 more than your rent. That's ridiculous. That is the most American thing I've ever seen in my life. Interest rate? 9%. So, not going to beat it in the market. What do you think the car is worth? $35 ,000? Yeah, probably$23 ,000. Is that what it's worth? Do you know? Probably. We don't have your exact VIN, but that is what your car would be worth in decent condition. Good condition. In good condition. Good condition, right? Excellent condition.

50:49Excellent condition. it's it's the rs okay 27 000 28 000 either way dramatically underwater well i did roll in negative equity with that loan because i oh you did so i blew my um i used to have a 2013 ford um suv a ford edge and the engine blew up on that and i still had about eight thousand on a loan so i just ended up uh rolling in about five to six thousand and negative equity into that loan at nine percent that's was huge minimum payment why'd you get such an expensive car uh it was just the easiest way to roll over the was a new car you could have yeah it was it was brand new yeah yeah yeah yeah yeah i know that yeah you couldn't do that with a used car i don't know if if i i would i don't think so i don't think i would have been able to roll it over onto a used car how much was your credit card debt when you decided to do this um probably at like 10 to 15 000 okay and uh um how much did you put down um i put 5 000 down but it was on my credit card

52:22I want to go take a nap this is um do we have something fun for the post show to lighten us up make us happy we have jelly beans I don't know what the f*** that has to do with the post show but maybe we can get happy because this is the literal opposite of happiness there's$7 in this checking account $7 we're gambling and we're putting down payments on credit cards. We're$7 in his checking account and we're financing Timberwolf tickets. All right. Okay. All right. Like at this point, I don't even know what to do other than just react now. Like that's just all this is. I'm just in horror. I'm in absolute stunned.

52:58I'm just... Ben weighing out$40, $980... ATM withdrawal of$980. Where the f*** did that go? Blackjack? Yep. Great. $7 in our checking account, $1 ,000 to Blackjack. sounds great guys southern account has 200 bucks in it 256 ATM withdrawal 204 dollars where'd that go blackjack a rejected discover payment because you didn't have enough money you tried to pay 1700 bucks when you had 224 remember when I was talking about how you might not be able to fully pay you might not you said you can't fully pay the timber wolf thing every single month and I'm saying that balance is going to continue to go up because you don't have enough money to pay it off well here's an example because that was the discover card you try to put more money to discover card and it bounced it's great i'm going through it right now i'm going through a mental breakdown i feel it going to gas station or whoa oh no atl matron 200 you want to bet on it where'd that go um should i enable some betting i'm betting that goes the gambling.

54:06Yeah. Okay. Passport, passport. Sorry. I know. I'm... I'm... I know. My brain's on fire right now. I'm sorry.

54:35Check out all your holiday gifting needs with deals up to 60 % off at MeUndies.com slash Spotify. Enter promo code Spotify. That's MeUndies.com slash Spotify code Spotify. I might need to take a second to cool down. ATM with Draw,$204. ATM with Draw,$204. ATM with Draw,$204. ATM with Draw,$204. Buddy, that's so much money. That's so much money. That's so much money. I mean, you know, like... Careful. Careful. It's not like I don't lose every time. I know I need to stop, but I'm not. That is the words of a gambler addict if I've ever heard them. That is the words of an addicted human being if I've ever heard them.

55:15I don't overdose on heroin every time, guys. It's okay. I mean, like, listen, I can't help with that. And I'm not going to hear it. I'm not going to listen to that. And that's. External withdrawal paid. Oh, it's a fee. Oh, because you were negative in your account. $414. Then you're negative in your account. $386. we're overdrafting we're overdrafting guys guys guys we're overdrafting guys hey chat we're overdrafting so yeah yeah let's go gamble a thousand dollars we don't lose every time so it's okay it's okay when we're negative because we might win well net you've lost so i'd say you lost that's all that matters i just don't think you understand like when i'm at the blackjack table when you've lost 10 hands in a row i mean maybe this is the gambler's fallacy but i wanna i wanna bet you know ten thousand dollars on the next hand because it has to hit oh yeah because you're addicted which i'm not gonna shame the addiction i just there's nothing i can do about that you need to go get out to make you understand you don't think i understand i don't know yes it's like sunk cost i get it it's like that when i'm on a constant streak of losing it whatever i'm like ready to go just double down triple down quadruple down because I want to win.

56:29I want to be a winner. I get it. I don't have a gambling addiction, but I do have an addictive personality. I get it. I'm not going to shame the addiction, but I also don't know much that I can say on it because it's literally you need to go get help. Therapy, Gamble's Anonymous, get different friends. There's different suggestions that I've thrown out that are the basic things, but that require you going and doing it. There's not much I can say about that. I don't think you're a heinous evil person for that. I don't want you to think that. I don't. these finances i'll be honest they are making me kind of die so i know i'm i know i get a little intense or something i can barely do words right now so i get it i don't want you to think it's because of your gambling and addiction though i understand that that is less of a choice but it is your choice to go seek help and that's what i want you to go do okay especially while our retirement is ten dollars and 98 cents yeah well we're just not gambling in general because what this is is gambling your future well so that's you gambling used to have 10 000 in there but at 20 what what when in 2021 2022 22 when you were 20 10 000 is incredible do you even know how incredible that is 10 000 at 20 in a retirement account that's insane that's well beyond your average person that's crazy but how is it 10 so what i did was i would invest like heavily in the margin so like only having like 30 40 of my own money there and then i was like all in on tesla and it was just happened to be one of the times it decided to shoot down like 60 percent oh you know his stocks do who would have thought yeah let's pick one of the most volatile stocks that's great to better our entire portfolio you didn't do like meme stocks and stuff did you that's hot that's right when i got in was during the gme oh did you buy at the peak i i bought at 170 sold at 180 and then I bought it 330 and the whole stock market crashed on me or GME did.

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1:00:08It's like having a financial audit wizard in your pocket. So if you're ready to ditch those digital taquitos and invest in tools that make a real difference, head over to the link in the description below and check out the latest deals. Trust me, your future self and your wallet will thank you. 2020, two, three? 2023 was a rougher year in the market. It wasn't 2022. I don't remember this one because I just constantly invested. By the time 2023 came around, I literally didn't have any money in investments anymore. Was it$10 ,000 that you put in or did you get$10 ,000 from games? I put in at least$8 ,000.

1:00:47I'm not 100 % sure. That's so much money. That's really good. Back then, that was before I had credit cards and everything. I was actually putting in$200 every week. Wow. I was forcing myself to invest. It's incredible. I wish this wasn't the past that we were talking about. I do too. Oh, you could be in. You could be. Oh, man. The rock. The ride in the market these last, what, six, 12 months. It's been insane. You'd be making so much money. Just sitting in the S &P 500, you'd be making money.