E-Girl Is Going To Die In Poverty

0:00Hi, my name is Adriana Lee and I'm 22 years old. I'm in Austin, Texas and this is financial audit. What do you do for a living here in Austin? I'm a content creator. Okay. What kind of content are we creating? I primarily, well, I guess I started with like Twitch streaming, but I also do YouTube and Instagram and everything short form, you know, the mass short form posting. Oh, TikTok too? Yeah. How many followers do you have on TikTok, Instagram? 109K TikTok, 112K Instagram. I'm jealous of that. Yeah. You people won't follow me there. Instagram's really tough but if you post a lot of reels some of them might blow up and that's where I got most of my followers gotcha and then how many do you have on YouTube subscribers I only have 15k right now ok yeah definitely on the smaller side for the YouTube but past that monetization subscriber part threshold yeah I get like six dollars a month from there ok so ok you don't make your living there no but I put the most money into that one so how many subscribers paid followers or whatever on Twitch it varies some like between the months but right now i only have like 100 because i haven't streamed in like two months well i have but not like streamed you know okay like i click go live and i'm like hey and then i like take another break so across all sources what are we bringing in on average so take your high months take your low months average what are we bringing in on a monthly basis my average um is four thousand to six thousand six so that's like livable we're living off of content creation yeah that's really good i mean that's more than livable that's fantastic and okay well how do you feel living off of that and creating content and all that stuff um i feel good i wish that my money came from youtube more than it did on platforms that like require my subscribers to pay out of pocket like twitch and stuff because if it was youtube they just gotta watch a couple ads and this is the best platform for content creators i mean not to be a show but i love I love YouTube.

2:00It is the best. It's like the best. So, well, that's awesome. I mean, you're doing what so many people dream of. So that's absolutely fantastic. Okay. So that's fantastic. I think so too. We can still be very happy on that and then just growing from there. Her link tree is in the description below for those who want to check out her stuff. So that's exciting. Where does your financial situation sit today? Where do you think you're at? Give us a little basic summary and give yourself a score of zero out of ten. Okay. My financial situation right now is not good. I think it's actually the worst that it's ever been ever.

2:32So I'm glad that I'm here. In like your life? Yeah. Yeah. Easily. Well, I don't know, actually, maybe not my life. When you're young. Because like my past, I guess I get into a little bit. I like used to be, I got cut off when I was 17. So I had to work two jobs while I was still in high school. And then the minute I got out of high school, I had this two jobs. I went to college full time at Wayne State. And I had to live there, too, because it's a parent situation. And then I also was a wedding videographer. So I had three jobs. And I streamed on Twitch. And I took a lot of Adderall. Prescribed.

3:13Well, you said a lot. That makes it sound abused. Well, not abused. Okay. Prescribed and used as prescribed. Not abused since we're on YouTube. But, yeah, I worked a lot. And I was always really jealous of all my friends because their parents would help them with things. And even to this day, I have that jealousy over a lot of my friends. But are you addicted? What? Are you addicted? I don't know. Do we have addictions? Yeah. Well, not anymore. But were. Okay. Yeah. But it wasn't like, I love how it feels. It's like I have to work. So it wasn't like an option, I guess. I know that people who have to stay on camera live for hours and hours and hours tend to get into that stuff.

3:55Yeah. 100%. I definitely had trouble with it when I was streaming, but now I don't because I'm grateful that I can live comfortably without having to do that. And I think that also buys into my spending and how I'm like, oh, I'm not struggling to get by as much as I was.

4:16But that buys into my spending now. and there's been like times when being a content creator I get a lot of money and then I pay off all my cards and then I'm like cool I'm not going to run these up again and then I do. You know what that makes you? I don't know how much A bad credit card user. Yeah you're not a credit card person. You're not a credit card person. But it's hard not to be You've been branded not a credit card person. It's hard not to be because American Express loves me. Well no they love to f*** you when we haven't gotten through it but they love to just I guess that's true They're ruining you They love your debt They love your interest They love to just Yeah So But I love them Why?

4:59Because they upgrade me To first class sometimes Is that worth everything? I really like it actually Why don't we just do better financially So you can just afford first class I want to take a brief moment To thank today's episode sponsor Kudos Be warned This sponsorship is for credit card people If you are not a credit card person like many people in these episodes, close your ears, skip, I don't care. This is for credit card people only. Summer is right around the corner and the average household is expected to spend$2 ,644 on travel. And if that sounds like you, you should try Kudos. Kudos is a free shopping extension that works on your computer and iPhone to get the most rewards back from your credit cards whenever you shop online.

5:40But don't just listen to me. Kudos has saved the average user$750 per year. So don't wait. Use code Caleb to get kudos for free by clicking the link below or by going to joinkudos.com forward slash Caleb. The future will thank you later. Because it's like free. Yeah, but I think American Express is potentially the last one in this death pile. It's the worst one. Exactly. So you're losing all this in interest. So why are we? I am. Oh, you're getting me. Okay. You're getting me immediately. Okay. Give yourself a score. Zero out of ten. Okay. My score is one right now, but sometimes I can be an eight.

6:15but right now i'm one maybe not eight no yeah eight yeah because i paid okay i'm gonna tell you something right now tell me something right now in the beginning of 2022 my credit score was 760 that doesn't necessarily mean your finances were good though but they were okay but now i'm chilling at high 500s which is really bad dude that's terrible but before we get into this I would like to let you know, I called my credit union in Michigan and I said, Hey, can I have a loan to consolidate my debt? And they're like, yeah, we can give it to you at 15%. And I was like, that's really good. Cause my credit cards are high.

6:55And, um, when that's considered really good continue. But then they were like, where are your taxes? And I was like, well, I haven't done them the past two years. What the fuck? No, no, no, no. No, but listen, I just got a CPA and I'm doing 2022 as we speak. Are you doing back taxes for 2021, 2020? Yes. Well, I did 2020. Okay. 2021, you're doing back? Yeah. I just haven't gone through all my statements on 2021 yet. Dude, why did you not do it? I know. I know it's bad. But in my defense, there's no defense, but everyone around me is like, it's okay. I don't pay taxes either. They're stupid. I know.

7:35Fuck them. They're stupid. I'm only two years behind, and I'm taking care of it now. Only two years behind. If you don't want to be two years behind on your taxes, I don't know how this is going to help, but hit that subscribe button because we're trying to get to 500 ,000 subscribers, and we're so close. Yes, IRS don't come for me. Well, I don't know if I can help you with that part, but yeah, we're working with these CPAs. Did you file for extension for this year at least, or we just have it paid? Oh, God. I checked the IRS website. They're like, oh, due in October, so I'm like, okay, cool. And then your taxes are going to be due not too long after that again for this year, so.

8:05Are we setting money aside right now? For the$4 ,000,$6 ,000 that comes in, are you setting 25 % aside minimum? I have money aside. How much do you have to set aside? I have$2 ,000 in an account. And then I have$900 in an account. And then I have$3 ,000 in Robinhood. But I was trying to save to move. You have to pay taxes. Taxes comes before moving. Yeah, but they have a payment plan. Don't do a payment plan I did a payment plan for 2020 Yeah but don't It's going to be on infinite payment plans Just save the money and pay it If you're on payment plans that takes from your disposable income That you could be investing Yeah I guess you're right Before we even get into this let's see this Robin Hood Let's see this Robin Hood I've never pulled anything out of Robin Hood Besides Doge Just so you know it's been growing For a while I want you to invest But we have to pay We have to take care of the things That are required to pay Before we can do things Dude you're stressing me out Yeah but I like that it's in Robinhood Because I'm impulsive and crazy Yeah I never touch Robinhood Okay let's put it in a high yield savings account That you would never touch anyway Okay Yeah I mean It's grown from 2 ,900 to 3 ,100 So it's not And that's over a year So it hasn't even been that incredible In fact, I mean, it was once at$2 ,230, so you're down from your peak.

9:35What are we in? We're in HL. HL, HL. What's HL? Oh, that was my free one. Mining? It was my free one. Okay. S &P 500. I'm chill with this. Yeah. $410. No, that's great. VOO. I watched the stock guy. Shout out stock guy on Twitch. I like him. Oh, and. You're in two S &P 500. Okay, I already know you're going to yell at me about this. Huge. So I'm going to tell you this. I had a family friend reach out to me and be like oh my god I'll be your financial advisor and I was like okay I guess I need that and they put me in life insurance and I was paying a hundred dollars a month for life insurance which is like like they grow it term or whole life um I think you don't even know I don't even know that's fine and I told them I told them I was like hi um I want to take this out and I want I wanted a Roth IRA that's what I asked from her in the first place and then she's like we can't do that because you have credit card debt and then this other guy came on the phone started mansplaining and it was just like I literally have argued with them for like literally hours at a time and so still I have seven hundred dollars sitting somewhere what the did you open a Roth IRA no I wanted to but we need to get on to this debt that we haven't even come close to touching yet and then we're maxing out there because you're 2020 you You have eight years left of the best decade of compound growth in your life.

10:56It's fantastic. You could be incredibly easily a millionaire. Easily a millionaire. Really? That's if we get out of this. Yes, really. No, but not the way you're doing it. Not the way you're doing it. Well, because I think of it this way. I'm young. Yeah, you're young. That's why you have the time to get to a million. Yeah. But I'm young and I want to live my life. Live your life and prepare for the future life that you're living. $6 ,500 a month, a year is not much when you're bringing in$4 ,000 to$6 ,000 a year. Yeah. All right. So looking in here, in this bills account is$374. Yeah, because that's my account that I put.

11:35I usually keep that at like around$2 ,000 that way or like$3 ,000. I don't know. I keep it high because I just, everything's auto pay out of there. I did use it for Ikea recently. Yes, you did. $122. Yeah, I did. I bought a new slab of wood for my desk. Did you need a new slab of wood when we're in debts that you're not paying off? Yeah, because I was making a TikTok. Did the TikTok pay for it? No, because TikTok does not pay for it. Yeah, but I okay, I just did my whole setup. I reset it, so it's going to help me be motivated to stream more. Alright, so we're making excuses. We're justifying.

12:10Then we're paying off cards. We're paying off cards. We're transferring things around. We have a $10 overdraft. Okay, okay. You overdrafted. That's a pause. so that overdraft was not for me i never let things overdraft but you still overdrafted though yeah but it was her fault so and i'd text her about okay so we're getting this back in it was technically someone else's fault but you still overdrafted if you were helping and taking care of someone you we just can't do that i told her i can't help and take care of her like if she wants to use that that's on her but you need to be in a position before you do anything where you're not getting hurt ten dollars taken away overdraft yeah latitude and we're just paying things off and restore.

12:46What's restore? Okay. Because you go there every single second of your life. Restore Wait, how do you know that? Because it's all over here. Okay, it's a monthly payment first of all because I have a membership. Monthly payment? My ass. It is. Okay. And it's my IVs. What are you IVing? Okay, so I get IVs because I had a problem with my hair falling out and when I drink I can't throw up. So usually I'll get an IV. That way it like restores, it's in the name, it restores me. Does it work? Yeah, it does. Because I can't throw up. So when I drink and I feel like really disgusting, I can't just be like, which I wish I could, but I get IVs instead.

13:31I guess I could go without it. I mean, I don't know anything about it. We're just paying off cards and we're just paying bills. I don't know anything about it. I'm not going to talk on science. I do not know. It's okay. But you could also just not drink. Yeah, I haven't been drinking recently Not the best habit Drinking Okay, this is the checking account We have$1 ,450 in there Okay, I'm chilling Actually, a lot of it came out Because I had to pay the tax guy$900 to do my taxes So we're sitting at what? Like$750 or something? What's the math? We're sitting at like$550? I think so But also, what I do when I have a lot of money In my checking is I just move it to some of my credit cards Good, but we'll get to that.

14:16You're selling out$125. We're going to Chili's$61. I threw$100 in there. I know. Yeah, you threw$100 out of the cart. That's fantastic. But$125 is selling out. Don't over that one. $61 spent at Chili's. Dutch Bros,$543. $41 PayPal and out because we're doing something. And Dutch Bros,$1142. Some$6 purchase of$711. So that wasn't gas unless we're just getting the weirdest gas ever. Dutch Bros,$1163. Listen. Pride Family. That's my doctor. Okay, we're chilling with that. And a lot of PayPal. PayPal and PayPal and PayPal. A lot of PayPal. 99 Ranch, 99 Ranch, Kura, Velvet Taco. Not even, what? A lot of my PayPal's are for my editors.

14:59Okay. But some of the little ones are just reoccurring payments. I don't like discord and I chose them. Salon,$418. Yeah. I'll tell you why. So I made the mistake of, okay, this is why, okay, it's kind of a long story. So sorry to ramble, but I wanted to look good because there's a chance that I would get signed and get a literal salary to this thing that I was literally been led on since August to get signed to. And they were like, no, it was like, like, um, like a collab channel. And they were like, come to LA, you'll have a better chance if you come to LA. So I'm like, I need to look my best.

15:36I need to be my best self before I go to LA. so i got my hair i got extensions but they weren't mine they're my mom's so i like didn't have to pay for them i just had to pay for to put them in and then those extensions ruined my life so this is me getting my extensions out and my hair redone because i would show you my bald spot right now but i'm not going to um my extensions literally like rip my hair out and it was like a mess so i know i wasn't in the financial space is that hair real yeah but there is like a bald spot here from my extensions because there, I know that that wasn't a financial choice, but I booked that appointment in the middle of the night because I was crying and I was like, I just can't do this anymore.

16:15And not to cope even more, but, um, my looks are a big part of my income. Yeah. But we do this, if we were out of debt, it'd be totally fine. Yeah. PayPal and Epidemic Sound, PayPal and a lot of the money's coming in from Kik and, uh, Fan House and Twitch and stuff like that. Yeah. Nintendo, PayPal, and Parkin, PayPal, and Sponsors too. Yeah, Epidemic Sound and PayPal and Lily Pulitzer. Yeah, that was the Lily one was a purchase of an outfit. Twitch Inter? I subscribed to somebody. Oh, okay. And PayPal and PayPal. And PayPal and Google Storage and PayPal and selling out money and parking and Big Top Candy Shop and Nature and Paddle.com and Epidemic Sounds and Madwell and Interspace Cavern and Whataburger.

17:16So even if some of that is paying for your editors, which I'm okay with, there's a lot of bullsh** spending in there. Bullsh** spending? When your debt's insane, which we haven't even talked about yet. Insane debt and you're spending on BS. Why are we BS spending? Because, okay, sometimes when people visit, I've got to show them a good thing. F*** them. Have them pay. I don't give a crap. You're in debt. Why does it matter? Okay, also. Do you not care about the rest of your life? I do. Then why? Why are we doing this? Why are we not sacrificing anything? I'm sacrificing. Oh, f*** you. What are you sacrificing?

17:47Yeah, maybe I'm not sacrificing anything. Yeah, exactly. Now I am. You wonder why I'm rude. It's because of that. Ever since I started watching your videos, I stopped ordering food. Completely. You haven't gone out to eat once since you watched my first video? But I haven't ordered food I haven't ordered food So you haven't paid Like I haven't ordered food to my house But I would go out So that's what we consider being good No you're spending on BS when we have endless debt And by the way the rest of this is only endless debt There's nothing else good to talk about Yeah That's why I'm here I know that's why you're here But you're saying like it's okay And that you're sacrificing I'm not okay I'm not really sacrificing but it is okay.

18:32No, it's not. Why is it okay? Because it's not okay but it's not not okay. What does that mean? What does that possibly mean? Like I'll figure it out. You know what I mean? That doesn't make sense. I'll figure out is a kick the can down the road forever until we die on a Walmart floor type of thing. I always think in my life if I made it out of what I made it out of before that I could do it again. Okay, but let's also be realistic and pretend we're not living in a book that's written by some nice author. It's not a book. It's just... Well, it's not a movie either. Life is life. We can't just be because I...

19:09Yeah, I'm glad you made it out of whatever situation. I don't even know. Fantastic. Like, cool, we can celebrate that. Doesn't mean that this situation is excusable or that we can just get out of it because time exists or because something happened in the past. It's actionable plans that are taken and then realizing that, yes, we are spending on bulls**t that we don't need to be spending on. We're not sacrifice actually and then we actually go in and take care of our for a better life that's why i'm digging in yeah get that point through i think that's why i'm here i'm glad because not to not to say like this i am that is why i'm here because i do have bad spending habits and i know that and i know my bad spending habits are from my past and from how i was raised that's why i want my mom on the show because she's worse than me like three times worse than me the spending but let's continue debt yeah we're gonna start right off the bat oh we didn't even get into the credit cards yet i didn't even realize we have seven thousand dollars on apple car oh you took it down to six thousand seven hundred forty four okay that's still insane it's an insane minimum okay okay the minimum don't pay me on that.

20:21That's crazy. I'm not gonna lie. Yeah. Why are we doing this? Um, okay. When I signed up for an Apple card, I thought it was just for the Apple store and I wanted a Mac book because I was like, I'm buckling in and I'm editing. And I did, I edited the most I've ever added ever since I got that computer. Um, which I was like, cool. But then I found out it wasn't just an Apple card. And then my spending did the thing. And it's so easy just to go. Didn't it? That's why you are not a credit card person. Chop them up. Use debit cards. Use the metal. I don't. I'm kidding keep going I'm kidding but it is metal so I don't know how to top that up $280 minimum monthly payment if you just do the minimum monthly payments which is what you're doing it's going to take 21 years to pay off and you're going to pay a total $20 ,000 because that's how the interest is for you now what I do not get if you are putting money towards it and you're starting to pay off why are we spending money why are we possibly spending money what is the mindset behind it what I'm looking at the dates on there because I haven't used my card in a while.

21:21You haven't used a credit card in a while? As in like a week? That's good. A week and a half? That's a while? Curry, Valvin, and Apple Bill, Taco Bell, Apple Bill, Starbucks, Apple Bill, Apple Bill, Velvet Taco, Apple Bill, Apple Bill, Apple Bill, Tice's Tacos, Starbucks, Apple Bill, Apple Bill. Okay, the Apple Bill is obviously reoccurring. Yeah, but the formats are everything. $63.59 on that Apple Bill. $22.25 on that Apple Bill. $16.95 on that Apple bill $1.05 on that Apple bill $2.11 on that Apple bill $10 on that Apple bill $6 on that Apple bill They're like my apps Yeah, no shit I don't know what they are Go to your subscriptions It takes two clicks You get there And you cancel them But I can't cancel Discord Nitro You can cancel Okay, I don't care But you can cancel The rest of them Okay, okay You can cancel the rest of them Okay I just don't get the point Why are we doing this?

22:19I don't really look at my things, but I'm looking. Well, it's time to start looking. I need to get to your mindset. I need to get to your mindset or else we're not going to overcome this at all. All right. So what are we doing? Why? Why are you doing this? If you're trying to pay this off, if you know the interest rate is absolutely terrible, I don't even know what the interest rate is, but it's probably absolutely disgusting. You lost$131 in interest on this payment. We're doing minimum monthly payments. The minimum monthly payments are way too expensive. And you already have three things financed.

22:44This is probably the MacBook and then crap and then crap and then crap. Oh, it's my iPad and my Apple Pencil. Great, because you needed an iPad. I did. Okay, so why are we doing this? Oh, you want to know why I got an iPad? I don't give a s***. Tell me why you're spending this money. Okay, anyways, I'm spending this money because I have a spending problem. So what's the mentality behind it? I'm not validating it. I'm just explaining to you why. What's the spending? Let's get to the root of the spending problem. Okay, this is the root of my spending problem. I grew up pretty poor. And now I make a lot of money every month.

23:18And I'm like, yeah, I'm that B word. Because I make this money in the back of my mind subconsciously. I know consciously that I shouldn't be spending this money. But subconsciously, I'm like, I deserve it. So why is the conscious, rational understanding of you don't have money, we're in bad debt, we're losing a lot of interest rate. Why is that being overcome by the emotional? Yeah.

23:44I would like to say mental illness But that's not That's just a joke But it is probably very impulsive And that is a problem But I'm in therapy Good And I talked to my therapist about this About this specifically? Have you Because one time I had a really bad incident Where I thought the world was ending And I spent$500 at HEP Oh my goodness Yeah, no, that is definitely something We would want to see a therapist about But I'll tell you what. Tell me what. A lot of my financial things are from traveling because my parents are far away. Michigan, yeah. I get it. My family's parents are in Michigan, too.

24:24My roommate's parents are in California. Wow. So, American Express. Okay. The card that gives us free first class upgrades. It's my favorite card. Yeah, it's your favorite card. and you're their favorite swiper in the world because you owe them$10 ,000. $10 ,831. Okay, but it wasn't my choice. Okay, this is not an excuse, but I want to say this. It wasn't my choice to have that limit. I had$2 ,500. It's your choice to spend the money. But they were like, I love you. That's actually pissing me off if you're not going to take responsibility. Well, you want to know why it's so high? It's because I decided to start a show.

25:03It's called Drinking With Dree and I invite three creators from Austin, which I would like to invite you on. And we, like, it's kind of like this. Like, I have my living room set up like this and there's, like, a little, like, studio area. And it's, like, a whole show where I, like, script out, like, the games and everything. And in order to start the show, I needed, like, a lot of things. So, but, again, it went back into proving myself for this company that I wanted to get signed to, which to this day I haven't gotten signed to. But a lot of these like, okay, listen, a lot of these big payments are kind of like when you're a content creator like me, you have to like take these opportunities or like take these like, like going to LA, for example, like they're like, oh, if you can make it next week, next week, then it was a really big expense.

25:55Yeah, you know, you got spammed by them. But when it comes to the setting up your set and stuff like that, like, okay, when I started mine, I started with the table I already had I started with a lot of things I already had But you still racked up this$10 ,000 And then I started with a cheap camera And then a filmographer Okay, that's great But I didn't do any of this Until I could pay for it with the money That the company was generating You went$10 ,831 in debt I don't care if you used some of the stuff that you already had Okay, it's hard not to consider an investment When all your money is from content creation And you hear funnel it back into that But then you're going to say, oh, it's American Express' money Yeah, I know, but it's like an investment Investment is you make more money off of it Right now you're losing interest on this You're not paying off a credit card How was I supposed to know I wasn't going to make more money off of it?

26:44Oh my goodness, no Okay, come on Okay, I'm listening That's why we cash flow If you're going to make Some kind of leverage thing Do it in something you're overly informed in I like good leverage on cash flowing 12 % cash on cash minimum return rental properties. This you were not informed on. You're right. It was a gamble. So the question, how would I know if I'm going to make money on it? If you don't have the answer to that question, you don't do it. But it's kind of like streaming in general because if that, okay, not to cope because I understand what you're saying and I acknowledge it, but streaming in general, it's kind of like why do it?

27:25If I go live, I could get$2 or I can get$1 ,000. Yeah, but that doesn't mean you have to put in$10 ,000 to start streaming. You can start streaming with what you have and then build up from there. And I did. Good, but then this. Yeah, I guess I just got a little too used to the game. Every single one of us content creators, we start with whatever we just have. Yeah. Unless we come from money, but the vast majority of us don't. Yeah. More Google Storage. Entree plan. What's that? $30? That's my renter's insurance. Oh, okay. That's chill. that's chill kindle tube buddy delta airlines delta airlines yeah that's bros prime video uber eats macy's come on we don't need to be doing all those i understand if you got scammed if you got by that company that sucks okay i get that not a hundred percent your fault i don't know the whole story whatever but still come on uh a lot of that is bullshitting in there what's the minimal monthly payment on this thing?

28:25I think it's like$50. It's not that high but I don't only pay minimum. You pay more than that but then you spend it all back. And then interest. It accrues on it. This has to be like another$150 in interest. Maybe more. Maybe like$200. I can't see. All I have is this. I think it's like 27. 27 % interest. Now we have a MasterCard. My first card. That's what got you down this road of death. I know. My first purchase on it was an oil change in that. Look at me. $3 ,356. Total credit available,$143. $143. This is maxed out. They're all maxed out. That's why I'm here.

29:08What's the minimum monthly payment on this because I can't see it? I think it's like$40. They're all pretty low except for the Apple one. What's the interest rate on this? It's not as high as the American Express one. Maybe like$20? $20, I think. It's not 4%. 24. Oh. Okay. So, death. Okay. And what are we doing? Okay. Yeah, we're putting a little money to it. But guess what? We're going to go back to maxing it out again with$11.33, 7-Eleven purchase, and Amazon, and Amazon, and Uber Eats, and parking, and Amazon, and Uber Eats, and Amazon. So what's the point of even making payments to this if we're just spending more money on it, maxing it out, and getting some interest?

29:47I don't understand. You're working with your therapist on it. I'm working with your therapist on it. Yeah. Okay. This one's low. Don't worry. Yeah, but it's stupid. I don't even know what it's for. What is this? Because, okay, so because I didn't have money for a while and my other cards were maxed out, I had to use my Target credit card even though I just paid it up because I needed to buy groceries.