Dumb Stripper Blows My Mind

0:00How much do you owe? I know, I know. A lot, a lot. How much? I had an accountant. How much? I think it's about maybe 60. Oh! If my... What is this? Why? Why did you even tell me? What am I supposed to do? Because you asked like four times. I didn't want to. My name is Krista. I'm 33. I live in Las Vegas, Nevada. And this is Financial Audit. What do you do in Vegas for a living? I am a... Stryker. All right. I've never been to one. Is it a good time? um it's fun it's fun i always say it's the only place in vegas where you went over the house it's a lie there you go i just assume it's gonna be stinky and sticky no i work at a nice one there are those but i got into a good one gotcha what are we bringing home uh just in general on a monthly basis what's our average because i know there's a lot of tips and everything right so this It's going to be up, down, up, down.

0:57It goes up and down. I'd say average maybe like 12. 1 ,000? Yeah, because I make. Wow. I'm at about like 120. So probably about 10, 120. I get VA disability. Really? Yeah, I was in the Navy for six years. Oh, very cool. Okay. And what is that on a monthly basis? I get 2 ,000 for that and free health care. so can't put a price on that Uncle Sam is my favorite sugar daddy and then yeah and the club like it really varies like summer really sucked I don't think I made more than like four or five grand in the summer but like October was pretty good November was really really good November I probably pulled in like 13 maybe damn Yeah.

1:53People just people just. It's stupid. It's worth disappointing my parents for sure. Yeah. Well, yeah. What let us say this? Because you're the first person that's in that world on the show. Congratulations. Thanks. Woo woo. What has led you to the Navy to club? Yeah. So the path from that was I was I got stationed in California when I was stationed in California. I was like the rest of America. I'm going to stay here. I started going to school and I was working like restaurant jobs and stuff and then I got an opportunity to do bottle service at a club in San Diego and then from that I kind of got into the modeling world.

2:32They did a lot of atmosphere modeling and then I had to quit that job to move because I didn't get into the school that I wanted down there but I got into a really good school in Orange County. So I moved out of San Diego. I went to Orange County. I was broken. I was going to school. I was actually living in a van at the time. And I wanted to save my GI bill because the GI bill, it only gives you like 36 months. And I wanted to do like a grad program, like law school or something. So because, you know, that's more expensive than undergrad, I tried to pay as much of my undergrad as I could out of pocket.

3:11and um i met some girls who lived in vegas who were like workers and um the one girl was like you know you should you should become a and well do you at the time huh how old were you at this time so i was 29 okay so this is i got in kind of relatively late yeah um because i got into modeling late you know i was like a lot of the agencies and stuff they wouldn't even see you if you were over the age of 23 so um i auditioned at the club i'm still there it's the only club i've ever worked at i got hired and um yeah i dropped out of school for the first time i was i for about six months and then covet happened and then i went back to school and then um when the clubs opened up i dropped out again and moved to vegas what about longevity this is no offense to no i know there's a time limit trust yeah well i was gonna i was gonna say what what is that no offense to biology so you know there's there's a girl at the club it all depends on like how you take care of yourself you know um but i know girls in their 40s and one girl's in her 50s and she still works she doesn't look like she's 50 but she is and they do as well they're making like i mean they're there i don't know i mean i don't know if if i i don't really ask like how okay people do you know the longevity you see you being able to do this for decades oh you hate it yeah oh like you're cold no one ever prepared me for how cold all the time and um you know you do deal with some rough clients rough customers yeah so um but like it's it's such a i mean i i can't i studied sociology like i always say the only way to make money with the sociology degrees to become a so like i wasn't gonna say it i say it all the time i like say it all the time so um i i gave myself you know like when i first started i said i would do it for five years i took a year off for covid so you know i'm still on like year four maybe what then well so I'm trying to start a business.

5:29You've also invested into it. I have. Yeah, I've invested into it. Something was done somewhere here that cost a lot of money. Yeah, no, I had my b****s done. I didn't want to hear the story about that, right? I had them done previously. I had them done previously. One of them fell out of the pocket. Same. And it was like rolling around on my chest like an egg yolk. It looked and felt really weird. So I had to get that fixed. Maybe there's a weirdo out there that would spend even more money for that though. In our digital era, data brokers profit from selling your personal details to robocallers, spammers, and those curious about you.

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7:19As I often emphasize on this show, your private information should stay private. Don't let others profit from it. Sign up for Aura at Aura.com forward slash hammer or through the link in the description below. No, it was physically uncomfortable. I was like, I got to get it fixed. Like I was going to sleep on my back. It'd be in my armpit. Yeah, no, it was expensive. But I know I can make it back. I did the interest rating. Yeah, but you're only giving yourself a year. I make$12 ,000 a month. Yeah, well, if we make$12 ,000 a month, then why does any of this exist? Because we're about to get into some of the highest total debt balances I've seen on the show in terms of individual debts.

8:01So, yeah, we make a lot of money, but why does it exist? Well, yeah. Well, okay, so, okay, the job thing, I was kind of back into a corner a little bit. A lot of this credit card stuff is because I purchased a property in Arizona about an hour outside of Vegas. But I plan on turning that into an Airbnb slash like event space. Why do you have credit card debt? Yes. Why do you have credit card debt? A lot of this is credit card debt because of the renovations. I was doing like a full gut and reno. Oh, no. You're putting it on credit cards though. I paid a lot out of cash. A lot of it I paid cash.

8:37This balance is at$9 ,094. And there's still purchases. Even though$156 is accruing in interest,$600 payment, congratulations, but$505 was spent. The balance went up. The balance went up. And you are so close to that$10 ,000 credit limit. You're right. You make money. Why does this exist? This is accruing in interest. I know. Okay. So we put our internet. Sure. We put some gas there. Sure, but we're getting some beans and brews and pie hole. I mean. That was a trip I took. So that wasn't in Vegas. I usually eat at home. No more trips. No more eating pie hole. You go up there and you show your pie hole.

9:19That was a terrible joke. That's illegal. I had to get it out. I felt it coming before the episode. I needed something inappropriate. One inappropriate joke. Wherever you find them, go ahead. Just insert them in there. Snap Fitness as well. I need a gym I get half naked in front of strangers I need a gym very fair that's illegal full nude yeah there's only one full nude club and I never worked there interesting I wouldn't have known again I've never been so actually there's laws about how much square inches are on our thongs we have to have at least like two or three square inches three inches is huge that's when I'm feeling modest So we owe$9 ,094 on this card.

10:08I think that's a little less because, like I said, I paid a bunch. No, I think I paid, like, probably close to, like,$500 or$1 ,000. There are going to be so many people angry at me for the inappropriate jokes, by the way. That's fine. I'm about to get called many awards. I'd rather them light you up in the comments than me. Fair. I'm doing it. So, yes. Yes. That's because I have no filter. Definitely not. Okay, and we have a minimum monthly payment of$247.16.

10:43Yeah, we shouldn't be spending on the... $1 ,269 of interest has been stolen from you that's so far on here. And$10 of fees. That's a lot. Earned this period was$10. $10 of cash back. We lost$156 this period in interest. So, great. This was all renovations? But you're still spending on it? Why are you spending it on a card that's almost at its max that you can't pay off? So here's what I did. The two credit cards, because I have them all on my online shopping and stuff, I canceled those cards, and I have not used them since. I've just been paying them off. I got the new cards in the mail, and I haven't even called to get those.

11:26You can look on my Costco app. It says you have an alert. You have to call us and get your card set up. Because I said that I lost the card. I don't care. Why? So I wouldn't put any more on it. Okay. So I'm not using this card. I don't even physically have it. What about all the other ones? Did you do the same for every other card? I only have two cards in yes. Okay. Consumer loan bill. So is this like a personal loan? Yes. It's a very tiny balance at$20 ,130. Okay. So here's what this one is. Oh, boy. And I'm hoping that you think that this is kind of smart. So what's the date on this one? The starting date?

12:05November to October. When did I get the loan out? It doesn't say. Okay. It's also at 7%, which is not great. Oh, no, this is my truck then. This is my truck. So, okay, I had a minivan. I got into an accident. It wasn't my fault. You need a truck. What are you lugging? Hold on. Now, listen, I do a lot of like, I'll like buy furniture and like flip it. Like I strip it and like refinish it. And with the house, you know, I've been doing a lot of the renovations myself. So, you know, I just felt like I needed a truck. I wanted something to tow. In hindsight, perhaps I should have gotten something a little bit more modest.

12:55Yeah. Okay, if you're making that, is it making up the 7 % that you're losing on this? Are you profiting over this after the$564.97 on a monthly basis? So compared to the van that this replaced, the interest rate on that van was 13%. I don't care. I don't give a shit for that van. I care about the truck that's in front of me right now. And I do too. I love this truck to death. It's a great truck. Americans and their trucks, you're not carrying around anything. You're carrying around a new... How do you know that? You're carrying around a new job. to your job you're not carrying on anything else i do a lot i've been doing like like i've done all the material acquisitions you need a truck for that you need a truck to like like i literally gutted it myself you really yeah okay man you went into a lot of debt for for just self-renovations then i mean i hired some of it but like i've been doing like a lot of like i've been buying a lot in like materials like i've been getting like good stuff but um 95 of my driving yes it's too much i'm not utilizing the truck to its full potential but most americans do they get a truck and then they tell you they go to the grocery store but i mean it i i have one vehicle versus two you know it's like you're one person why would you have two well for when i do truck stuff to win the non-truck yeah but is it profiting i mean it will i think okay okay also your past due i already paid that i i got you better have i do not want to see past due ever again i think i'm paid up so far you spent over a thousand dollars yeah they're expensive i always say you get a better interest rate on a job than you can a federal student loan and unlike an education make you money.

14:400 % if I pay it off in a year and I'm already like what? I got like$8 ,500 $7 ,500 left. I'll pay that off end of the winter. Yeah, I couldn't see your current balance. You're$7 ,400? I believe so. I can pull that up if you'd like. And it needs to be paid off by? Next October? End of September. No, next September. End of September. Okay, so nine months? So you need to do$822 a month, which is... Manageable. close to what you're doing. You didn't fully do that in October. You did it in November, though, which is good. You played a little catch-up in November. By the way, even though I make little goosing gaffs because I'm just trying to be a silly little boy, I totally get it.

15:26Totally chill. I support anything. Do whatever you want. And then, of course, obviously the medical side of it where you had to do it because, you know, whatever, egg yolk or whatever. Like, do I like that? Well, I think you make enough where you could have been able to pay this in cash, but it is 0%. So if we're managing it right. It was an emergency thing. Which is when you have an emergency fund. Yeah, that I don't have. Exactly. But for someone making your money, you definitely should. But then I'm like, yeah, 0%. Sure. Arbitrize the difference. Guess what? That's not 0%. That's like 7. No, no, no.

15:58No, no, no. But I'm saying on a credit card, we're not fully paying it off. And as a sh**, I don't think you're the person to take advantage of 0 % stuff. and we're only a couple months into it like who knows what it would have been a year from now if we didn't meet now here's our other card again we put a little bit of payment congratulations to it then we spent eight hundred thirty eight dollars eight cents three hundred ninety nine dollars of interest was stolen from you that's insane in a monthly basis on a credit card that's insane You know what else is insane? Credit card limit,$27 ,000.

16:33It's sitting at$27 ,016. Charging you. Well, you're over the credit limit. So we have an... I paid like three grand of that. You better have... What's it at now? Because you went over the credit limit. It's at 24? It's at 24. This is still unacceptable. I know. What was this? Was this another house card? No. I mean, I did put some plumbing on there. I put like three grand of plumbing. I bought a bunch of... Home Depot. So you just... Well, no, it's true. You make enough money to cash full life if you manage it correctly. There's no reason for you to be in this debt, especially since your job is not a longevity job.

17:11Really, everything that you should be making should be going towards investing because it's that kind of job, kind of like the job that I'm in right now. It's not a longevity job. I don't know. Depends on the YouTuber. But either way, I'm investing everything. You know you have a year left, yet we have a year left of the five years we were going to do, and we're tens and tens and tens of thousands of dollars in credit card debt? I've got two years left because COVID, I lost a year. Okay. I lost a year in COVID. And that was just a mental thing. Like if I'm doing well, like. You said you hate it.

17:39I do, but I like the money. I know, but do you find yourself. I like that little worrying sound that the ATM makes when I go make deposits. I agree. I agree. I just, if truly you mentioned a couple of dangerous situations, I don't want you to be in danger. Like that's unacceptable in my mind. So I just, I don't want you to ever be like afraid, right? like there's a difference between not liking a job and being afraid if you ever truly do feel afraid i don't want you to be there i mean there's security and cameras and stuff sure but you did mention being afraid so that i'm just gonna say that yeah yeah no one should be afraid of their job so i mean that's just that's just more of just like you know me wanting you to like be okay right um lots of gas and that makes sense because of the truck ebay ebay pit stop place and ebay veterans you're contributing to a veteran thing oh yeah i signed up for the vfw well i can't it's cut off halfway through so can you see so that's the vfw yeah no veterans of foreign wars i think that's what it's going to be vfw so i'm in animal hospital stuff with that's necessary uh i assume typically and 7-eleven gas it was not toquitos but again interest charged this year so far $3 ,000 this year $3 ,000 this year

18:57How many calculators do you go through? I've never had another one Not on this show 2.5 % of the money you earned this year Has been stolen just from this card alone This card alone And it's this year so far This year's not even done It's actually more than a month Before the year ends With the end of the statement Oh, this is the 15 % loan that you thought I would be happy about? Oh, no, no, no. There's another 15 % loan I think you'll be happy about. That's something different. What am I in? Honestly, I forget. Oh, no, I took that out because I thought I was going to buy a mobile home, and the deal fell through, and so I think I used that to consolidate debt, but I didn't do a very good job because I still have that.

19:43Because you still have all the debt, and there are other maxes. The debt, yes. Also, your minimum monthly payment is$666 on the Navy Federal. That's insane. Okay. Now, okay. So, consumer loan,$5 ,859. 50 cents. $720 minimum monthly payment. No,$726. Great. So, this was consolidation, then you racked it right back up. That's why some people are against that consolidation, because people consolidate it, and they don't fix any of the behavior, and then the debt builds all the way back up again. I learned that, yeah. No, I'm one of those. You're not a credit card person. Don't use credit cards. End the existence of credit cards in your life.

20:23Yes, sir. Not a thing. Okay. So this is my property. It's a 10 % with the loan you did. What kind of loan did you do? No, it was 5%. No. You have two 5 %s on it. Total effective rate, 10%. Did you not look at what you signed up for? Look. Here. It's your own thing. I did not know that that's what that meant. Well, the default interest rate. I don't know what that is. I don't know what a default interest rate is What'd you sign up for? I thought it was 5 % 67 What kind of mortgage Like what did you So his owner will carry So it was the Basically the owner before He financed it And then I pay him through like a title Yeah Title service Yeah you're 10 % dude Yeah and you're pumping money into this house Hopefully it cash flows I'd rather you just be throwing money into the market dude Not into real estate so it doesn't seem like you understand real estate.

21:18I don't understand the market either. No, but at least you just throw it in and forget about it. This you're going to have to actively manage. It's going to take a lot of time, work, and money. I like it, though. Sure, but I like you being able to retire. This is my retirement. I'm going to retire here. You didn't know it was at 10%. I did not know it was at 10%. And also, typically, some of the best stock market returns you'll get is 10%. And that's the interest rate on this. you're gonna you're are we sure because it's default interest rate i guess okay listen first of all you sent a screenshot so it's not a statement so i can't see all the nitty-gritty i can only see what's right in front of me and uh with the it looks like with the clauses and everything in this the total effective rate as it says is 10 okay about a 60 000 house well it was 90 i had to put some cash down but it's cheap yeah i got an acre it's in an area that's going to airbnb yes so okay it's like a half hour from the western rim of the grand canyon like the the area itself is already kind of like a tourist destination there's a lot of like hiking um it's close to the route 66 like the old route 66 if the demand's there why was it so cheap what's that if the demand's there why was it so cheap because um the area itself the local population is is pretty poor and um you know so a lot of locals weren't able to buy it but you know i had the people are not gonna like that i know i know but that's because the property sat for like a year before um the owner finally did owner will carry and that's why i was able to purchase it what's your minimum monthly after 840 10 percent two percent higher than the highest mortgage rates that have hit up to this point.

23:04I legit thought it was five. I'll have to look into that because that's news to me. Anything else? Savings a dollar and 24 cents when you have all this debt and you got a house. You don't get a house without a fully funded emergency fund. You usually don't get a rental place or anything like that until you have a personal residence. The amount of risk that that brings to your entire financial future is terrifying. You have no idea. Or something bad is going to happen in that place. Isn't going to be operable because you won't be able to pay it. and then you're just paying on a mortgage of a place that you can't sell.

23:34I don't know. It's very risky, my dude. Very risky. Yeah. But, look, okay, so with the property itself, I really think that once I get it up and running, because I did Airbnb for a little bit and I had success with it. If nothing bad happens. If nothing bad happens, yeah. If it's real estate, something bad always happens. Well, okay, you want to talk about real estate. So it's pretty isolated, but in the town between where this is located and vegas they're building like a whole new like they're building like a 50 000 person town like they just approved plans there's going to be an amazon warehouse uh two new schools like a middle school and a high school um a water treatment facility so dude this might appreciate that does not change the situation of you having no savings Yeah, I don't have savings.

24:25Your risk profile is not limited because someone's building a town somewhere. But I think that the asset that I do own will go up in value. I hope so. The work that I've done on it, I know it's gone up in value because I've put in, like, tens of thousands of dollars that you don't even see that I've put into this place. Like, I put in a new HVAC. I put in a new roof. It had some structural damage I had to fix. All new kitchen. All new countertops. like I put in I put in a lot of money a lot of sweat equity into this place okay yep there's five dollars in this checking account nothing ever happens in that checking account no I don't even know why I have that one zero dollars of ending balance in this checking what's that zero dollars ending balance in this checking well this is like you know from a month ago They didn't update because they update on the night.

25:22No, that's terrifying. I don't give a shit. At this exact date, there was$0 in your checking account. Well, I was still healing from a job. I had to take like a month off. So I couldn't really work. So why did we have that spending that we saw then? That did not matter if we could not work. Because I'm not very smart. Correct. Well, actually, I wouldn't say that. But your spending was not very smart. My spending isn't very smart. Taco Bell, Apple Bell, Wetzels. Fresh attractions, something at the airport, bagels. Yeah, these are necessary when we can't afford to live, right? Can't pay off our card cards.

26:01Interest is accruing$0 in a checking account. Verse, verse, a wall. Ideema. Oh, TSA. TSA pre-check. I miss a lot of flights. Yeah, more flight stuff and El Pollo Loco and more stuff at the airport. and transfer from line. You have a line of credit against your checking. Oh, that's right. That's overdraft. You make too much money to be overdrafting. And you're choosing, again, Apple Bill, some Venetian place in the Bellagio. Oh, that's parking. Venetian. I get free parking now. I signed up for their veterans thing. So they started charging everywhere for parking on the strip because of F1. This spending when you're overdrafting makes no sense.

26:52Cafe, talent testing,$155. You're trying to do something? Apple bill, Amazon, Amazon. Carapillatus and Apple bill and pretty nails. Got to get pretty nails. And club cappuccino, Amazon. Amazon. Flamingo Hotel because we travel every second of our life. Checking line of credit advance. That's a honey gift for my stepbrother. Cool. You can't afford it. Checking line of credit advances. checking line of credit advance gifting is one of my love languages I can't afford it I don't do it because it just f***ed for your entire life we're not doing that you make too much money you need to grow and be responsible with your money like right now this is not an option you have two years of this lucrative job left and then what?

27:36then what from there? we might make half the income we might make double but we might make half what are we doing then? what are we doing if we're taking this debt into there? If we're taking payday advances now, it's time to grow up. I understand that. I am hopeful that when this... Hope is not a financial plan. Optimistic? It's not a financial plan either. A plan is a plan that you plan. Then you execute on. I'm executing the plan of the pink flamingo in Arizona taking off and being like a thing. That's the town? That's what I call my property.

28:13Navy Federal being real nice to Navy veterans I am happy to see$15 ,000 in Schwab happy to see that not happy for your age but happy to see that how much is in your retirement through the military so the TSP I just looked that up gosh that lost a bunch but now it's market performance it was at like 27 for a while but But that was when Trump was in office. I think it's kind of realized. It's more actual. It's like 21 now. Wait, I mean, what was it invested? It was depending when during that time period. I mean, the S &P 500 is up depending. I don't think. Some of it was, yeah, like stocks. But I think I had it in like.

28:56The 2020 election. So 2021, he was out of office. And at that point, the peak that was seen then. This is not politics, by the way. but this is just showing what the market has been since you're talking about it. The peak that it would have been would have been 381 in the S &P 500. Right now it's worth 460. So it's different funds. Yeah, but what funds did you put it in is what I'm trying to figure out. Like G fund, I fund, I have it split up. I think I put a little bit into like S, but the one that it's in the bulk, I think it's G, like they had like 30 % like returns. because I get a statement every year and then when the election happened it tanked.

29:43It went down like 20%. How much is in there? About$21 ,000. There's 15 in there. Still behind for your age, but I am glad. There's a foundation to build upon. I invested in a bunch of stupid stuff. I've been doing these because these have been doing well. Yeah, that's just the S &P 500. That's what I was just that's what i was just reading off of uh and then about what would we say about 20 20 15 20 of our portfolios and six individual stocks five individual stocks t-mobile unrivaled brands these are all that's uh t-mobile t-mobile isn't but the rest are classic and then this one is um like a energy company, I think.

30:28But yeah, I thought it'd be like, I bought all this years ago and I was still in the Navy, so a lot of these are from like 10 years ago. I thought it'd be legal by now, but I was wrong. What do you mean? I mean, most places, isn't it? Well, federally to where these companies will... You know, because it's still cash and so they have to basically trade on tertiary industries. But once I think it's federal legally and the banking on that industry kind of levels out and they can trade it like they do commodities, I'm hopeful that those will come back. If. Yeah, we had a total income of$5 ,622. So slower month.

31:12Total spending of$6 ,142. Food,$300. Necessary food,$150. Extra bulls. Taquitos. I don't have taquitos. Taquitos on the show. I know. So things you're just going for, extra purchases, you know, whether it be gas station or Walmart or whatever. Then I buy a lot of taquitos, yes. Yes. And then unknown shopping is a huge percentage, almost 7%. Let's see. Unknown shopping is usually Amazon because we don't know what that is. Yes. Amazon, eBay, and Walmart. Walmart was like pet food and like toilet paper, stuff like that. eBay? eBay, my running shoes, I bought those used. They're usually$100. I bought them for$40.

31:51The thing is, you shouldn't even have to be able to, you shouldn't even have to need to do that. What's your plan, man? You seem, you have your mind set up, set out on this house thing. Like, what do you want me to do here? What should I do? Like, obviously, you know, I've been, all the money that I made this last month, I put it, you know, towards debt. So, um. A thousand dollars. No, I put like probably four grand towards all my debts. Well, not that we saw. No, this was very, very recently. Okay. Like, the end of the month, I did, like, really, really well. What prevents you from building it back up like you did the one time you consolidated and then built it all back up again?