Ego-Maniac Thinks She Can Manifest Problems Away | Financial Audit

38:09sushi reimbursed to the business yeah that your brokerage yes like the fairy tale that one okay Okay, great. Fairytale. Great. One out of the 1 ,000 we talked about. No, some of the food, too. Marshall's, Sushi's, Seven Brew's, Central Pike Coffee, Olive Garden, Tim Hortons. I do miss Tim Hortons. Seven Brew, Lobby, Hobby Lobby, Wendy's, Seven Brew, Panda Express, Seven Brew, Bush Concessions, Juiced Smoothie, Coffee Cup, Longhorn Steakhouse. Dude, you're going out to eat every second of your life. Every day you are going and getting coffee. You're getting coffee every day and you're going out to eat every day.

38:46$1 ,000 a month. A fifth of your income going out to eat. A fifth of your income is going down to something that is not even lasting more than five minutes. Seven brew, Longhorn Steakhouse, bath time. I didn't think I was spending that much on food. Well, guess what you are. So congratulations. What? I don't It doesn't matter what you think You are, that's the point That's what I'm trying to say Denims, 7 Brew, Sushi Texas Storehouse, Wendy's Olive Garden, Coffeehouse 7 Brew, 7 Brew, Hobby Lobby 7 Brew You're going claw shopping every 4 seconds Every 4 seconds One for the little sweater I don't like to wear the same thing twice Are you kidding me?

39:36but you want to live off of sustainable income through rental real estate, yet you would rather not wear the same thing twice. Not wear the same. What the f*** are you talking about? Every outfit that I've worn on the show until I got this brand new sweater, I've worn the same outfit for like two and a half years. Because who gives a f***? I care about the priorities in life.

39:59It's a bad habit, and I don't like to wear the same thing twice. What do you do with your clothes? um i give them to my siblings and we kind of like rotate clothes so like you seriously buy an outfit once and you pass it i mean i don't necessarily just wear it once but i don't want to wear something and then if i get pictures in it or like i go to an event and i wear something i won't wear it again so like my grandpa's funeral the dress i wore i won't wear that ever again well that's But it's the same concept for everything. An event dress. But not that. That is not a wedding dress. That is not a funeral dress.

40:38That's an event thing. This is not an event thing. But if I get pictures done, so if I get headshots done in an outfit, I won't wear that in another headshot. But what about your damn future? The future that you desire? Which one's more important? That or having a waiter's shirt twice? I mean, my future is more important. Then prioritize it. The spending on here is insane. And again, literally, we went through this. This was all bullshit. $3 ,300. You're willing to spend$3 ,300 on bullshit. Longhorn Steakhouse Door Dashing, Bovang, Seven Brew, Frozen Custard, Seven Brew, KFC. And then you had your consolidation fee in here, which was not cheap.

41:20$128.

41:24And no, it wasn't$6 ,000. You fucking liar. It was$4 ,200. So less than half of this card was consolidation. Don't fucking lie. Don't come to the table and lie. We don't get to the other end if you are bullsh**. We do not get to a place of progress if you're bullsh**. Does it say it was only$4 ,200? Yes,$4 ,200. When was the date? What was the date of that$4 ,000? I don't know. But I do know that this expires in less than a year from now. which means with this$10 ,300 in the

42:04you got about nine months to pay it off really you gotta put$1 ,444 towards it without spending on it I know you put a little money towards the cart but you spent more what's the deal with predicting the future of business inflation's up and it's down Rates are cut, then they're raised. It's like trying to follow the plot of a bad soap opera. If someone could just invent a business crystal ball already, that'd be wonderful. But until that happens, today's sponsor, NetSuite by Oracle, is the next best thing. Over 40 ,000 businesses have future-proofed their operations with the number one cloud ERP.

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43:51what what I feel like I could pay it off then why aren't you because I just like to spend money it's like my guilt like if I'm having a bad day or if I'm doing something like I just I like to spend money too wonderful great cool like how do I how do I come back you prioritize you act like an adult you budget what are you talking about you actually know what you spend on. You didn't even know you were spending more. You didn't even know that you're spending more than you make. You didn't even know how much you spent on food. You didn't even know how much you spent on outfits. It's literally just tracking it.

44:25It's the most basic thing you do at the end of the month. Again, you'll go through the class, but still you just prioritize. I like spending money too, but I decided, Hey, I'm not going to get whatever this toy is or something that is fun because I have goals that I am trying to hit. I would rather have more money in the business because I want to grow the business. I would rather do that because that's my priority. You recognize your priorities and what do you have to cut to get there? What sacrifice do you have to take? You don't get somewhere without taking sacrifices. If everything was like that, the life would be the easiest thing in the world.

44:56There'd be no problems, but that's not the world we live in. So you have to make choices. And the choices are right now, even though, yes, you do want to hit those goals, you want to go get coffee and new clothes every day more than you want to hit those goals. Those are your top priority goals because that's what your actions are saying. That is where your money is going. That's what you're going out every day and doing.

45:21That was heavy. Seven. As long as it's actually going through, that's all that matters. All right. Huntington. Cash advance. I've never taken a cash advance. But it's under cash advances. Okay. What happened on this card? um what happened on this damn card what you say you pay off the cards and there's no interest this is this is a whole thing this is a whole thing i don't have a huntington credit card so that's must be like my line of credit so i took out a line of credit on my first house on your first house what for what what did you do for what not for the renovations I don't remember No you have to remember I think it was to pay off Credit card debt But it's Then your credit cards went up Again you need not change the behavior You need to stop taking shortcuts It's for some I encourage that consolidation if you take care of it first Your behavior I guess I don't remember consolidating multiple times I think I just black out You don't remember No, I think I black out.

46:33I black out when it's like... Lady, this is at$11 ,007. You can't just forget$11 ,007. Something accruing$115 in interest a month. That is not something we just forget.

46:48Yeah, it was like a year and a half ago that I took it out. Yeah, but how do you forget it? It's on your f***ing thing. I know. I mean, I pay it every month. Yeah, because you have it set up on auto pay. But you're not trying to make any towards progress, Rosa. any return on your investment in this house is not better than the 13.9 % interest on here. It is not. Real estate does not do that. Real estate is great for tax advantages. It's good for long term. You get a little bit of growth. The rent goes up eventually, you know, depending on what you choose to do as an owner and landlord. But you're not getting better than that on an annual basis, averaged out.

47:21So you would prioritize paying this down. That's why I'm against you having this extra house or anything until this is down. I'm not the, oh, you have to be 100 % debt-free and buy a house with cash. I'm not like that, but you've got to make the math make sense. The math ain't making sense right here. It was. It's not. Not now. Well, now's what matters because you could get rid of the house. You could pay for it. Maybe according to you. We'll see. I need to take a look at it. So this is a personal loan or it's a line of credit. It's based on the house. Yeah.

47:57Okay. Okay. So you owe$11 ,000. You took it out a year and a half ago. It was at$11 ,007.09. Minimum monthly payment. I think when I took it out, it was like$16 ,000 when I took it out. That's$115.73. This is going to take forever to pay off. That's going to take forever to pay off. Wait a minute. Wait. The minimum. They want you to never pay this off. your minimum monthly payment is as much as the interest this never gets paid off without paying extra i do pay extra yeah you paid a couple dollars extra but essentially but the minimum that's the same that's crazy they never want you to pay this off oh for f**k's sake i mean i'm going to pay it off though but not i sure i appreciate the confidence that's not how the world works it's not you don't just say something and it happens it's not how it works you got to put in the action you've paid off credit cards sure because you've consolidated them taking out lines of credit you've never put in the action actually paid off oh my gosh you've actually never you actually haven't accomplished anything you haven't again with the block analogy you're just putting it all on credit cards so really you weren't actually putting anything extra towards investing all the interest rate is killing all those investments by the way it's not even close it's not even comparable you're losing you didn't pay off credit cards you consolidated and took out cash against your house you haven't made progress you're not being successful you're not you're having the the um just like i don't know like the mirage of success i think i'm being successful in my head i'm of course but you're not you're not money wise you're not like it's not making it out in the end i also can't manage credit cards again because of this other one here's this other one as well this is also fees i see fees 60 dollars this year so that's making it go up in general if you're just doing the minimum monthly but again here's another credit card where interest is accruing you actually paid a decent chunk of payment towards it you could have paid it off then you chose not to by putting an extra$254 on it and allowing$14.53 of interest to accrue.

50:22Like, why? You could pay this off and you're not. You're allowing interest to happen. Why? Because it is so choice. It is so choice. I was just choosing what card to pay. So I was just paying like different cards and I didn't pay that one. What do you mean? You did pay. You just didn't pay it off. Completely. But why? Why allow interest to accrue? why allow interest to accrue?

50:53Okay. I'll ask it a different way. Why did you decide to put it in the other places instead of this? I was paying them based on how much interest was accruing. So if it was a higher interest card, I would pay that balance. So avalanche, but why in that case, the debt payment strategy doesn't make sense because I keep spending. Yeah, because you keep spending. Well, no, not only just because you don't keep spending, but you still put more than the minimum payment on this. If you're trying to take care of the highest interest rates first, all your money would go towards them and just minimum payment on everything else.

51:25But you're still putting more than the minimum on everything we've seen so far, but of course you don't spend and get it all anyway. But that's not how the avalanche or debt snowball method works. I guess I was trying to combine them. Well, no, you weren't because neither of them do what you're doing. So you're anti-combining them. You're doing the opposite of what they both say. So I don't know what the f*** you're talking about. No. You're trying your own method. You're trying f***ing Rebecca Plus. Yeah, and it was working for a while. Nope. But it's... Incorrect. No, it wasn't. Your debt's only gone up.

51:57You consolidate. You have the perception of it working. I have the perception. It is not. Uh-huh. But it is not. I need you to know it is not. You cannot say that it is. I can't allow you to think that

52:15$487.49 with a$25 minimum monthly payment $14.53 of interest is occurring you're not a credit card person with the resources we'll set you up with we'll get you the Fizz card which is the debit card that builds credit because I assume you care about the credit part so that you can leverage what's your credit? my credit score? it's the thing we're talking about it's fine, yeah, yeah, yeah, it's pretty good it's pretty good but you're not a credit card person you don't know how to use these so use the fizz card and i'm also going to get you up if you're going to run your own business like this take the go through the account accounting certification through course careers usually most people use it to like boost their resumes and to get better incomes but you need to do it for the educational part specifically so you can manage your damn business and account in life take their accounting one for you okay all right well okay first of all what's mont Monat Global Corp.

53:10That was hair products. But it was set up. Your hair looks fine. Well, now it does. But it was set up to bill monthly, but I canceled it. I didn't know. Like, I didn't know. Yeah, but$150 for that? No, I returned all that stuff. I don't see it. Well, it's not there yet. And then Papa John's and Primal Queen. Primal Queen is a supplement that I take. How often? 52 bucks is a lot. It's a whole month. What are you supplementing? That's a lot for a month. It's beef organs. Do you not have organs? No, I do have organs, obviously. Do you not eat beef? No, they grind them up and it's supposed to be really good for your body.

53:53You need additional iron? What are you struggling with? Take iron things for like$5. I'd like to do stuff more holistically. No, you like to spend money you don't have. No. you literally do. You spent 2 ,000 hours more than you brought in. What the f*** you talking about? You already go to f***ing burger shops every day of your life. Every day you go to a fast food, you are getting beef. Yeah, but that's not real. Well, it is. Not really. Yes, it is meat. What are you talking about? Maybe you're not getting the specific nutrition you're looking at, but you can't say it's not real meat. Yeah, I'm not getting the nutrition that I need.

54:33I get it. Do you have to go about it a stupid expensive way? because I know you could do it in a cheaper way. Yeah. I mean, no, I don't need to, but I do. And I don't know. What, are you trying to be liver queen? What is happening? Maybe. One day. I don't know. Maybe I want to. Wait, you want your second kid to come out with a beard? Maybe. 23.99 % interest rate on this. Like, I don't know why you would allow a balance to just sit on there. Or the way you're doing it is super confusing anyway. Almost$300 of interest accruing this year so far.

55:09Yeah, I don't look at that, though. Like, that's why I thought I was being successful, because I guess I didn't look at that stuff. No f***ing s***. Why not look? Because now I have a son in a future. I've had a son for four years. Why aren't you looking? Now I have a son? No. Four years ago is a bit. life changes a lot in four years it does and the first couple years I didn't quite why aren't you looking at your numbers now because I don't want to be in debt forever so I'm trying to get out of it does that are you able to comprehend what you literally just said yeah I don't want to be in debt forever I don't want to be in debt forever so I don't look at my numbers what the f*** are you talking about how does that makes sense how does how does a get to be in that scenario or b to a they jumped across the road no how did i don't know i didn't look at it before and i'm looking at it now no you're not you spent 2 000 more than you brought in you did not know that you spent a thousand dollars on fast food you did not know that no you are not this is not considering looking at it now me showing you why are you not looking okay you want to get out of debt how does not looking at your numbers help you get out of debt.

56:28Please explain that philosophy. This grand wisdom. I don't know. It's kind of like the blind leading the blind type of thing. I didn't look at it. It wasn't existing and then I would just pay and just pay. You're not just paying though. Again, we have interest accruing on two accounts. The other one you have to pay a hundred or a thousand one hundred fifty on a monthly basis or else it will accrue interest.

56:52Yeah.

56:56I don't know. I guess I just need to look at it now. No, I'm just trying to get in your brain a little. When you are going about your life, you're thinking about your money. What do you think is preventing you from looking at your accounts? You are making an active choice. Even if like super conscious or not, you are not looking. Why do you think? Based on everything you know about yourself. Because if I don't look at it, it doesn't exist. But that's not true. You're seeing the consequences. And if you see that you're seeing the consequences, consequences, regardless, like your deck to income might be, you might have a good credit score, but you might not get approved for another piece of leverage.

57:35If you want a third property or a second, secondary property with your debt to income ratio, you might not get it. I didn't think it was that bad. I thought I was doing good. And that's what happens when you don't look and then you can't hit your goal. So guess what? Not looking isn't working. It was for the moment, but now it's not. When was it working? No, it wasn't. It was kicking the can down the road. You don't know what working is. This is what is so dangerous about your philosophy. This is what's so concerning about this conversation. Are you not getting that? Okay, so there's a$561 balance on this card.

58:11Do you pay this off every month? Because it was paid off this time. Well, let me see. No, interest is accrued and fees. You've actually had a late payment on this card this year. so i'm just gonna put that debt down yeah with a 561 balance now you probably again you paid this off last month but again you've had interest accrue this year and a late fee accrue this year and again is it necessary purchasing anyway first of all what's the coaching let's start there is that are you trying to get another coach no sorry that was a trainer that is like to is that your conversionary dating going to find do you find a nutritionist no that is to help with my real estate business like i have a real estate coach who helps guide me through the business like through transactions and all of that i'm okay with it on certain things like again but what concerns me about coaching is i've just seen so many scams out there and it's so hard to wade through what's right and wrong how much do you think you're really getting from this can you tell me um i am getting a lot from that i scan through quite a few coaches and that's the first one i've ever bought it's realtor uh realtor com that's to pay for leads like oh yes get business realtor.com yes that what that is yeah yeah yeah okay you're paying my friend's salary that's fine i mean i've got a few closings from it so like i do track some of my back business where that what i pay monthly has been paid off by what i get in um so i am on i am up on that well that's a basic minimum requirement would it not be yeah i mean some people don't there's a lot of people that they need to quit and find another career path yeah and then we went to be aesthetic and amazon and app we have an apple bill or apple payment hulu uh another apple bill apple payment apple bill apple payment what are you doing what are all these are these in-app purchases no that card is strictly just for reoccurring like that card i only use for if it's reoccurring every month so every month is it fitness trainers meet.com no it's like bb aesthetic and so that's bb aesthetic bb aesthetic is where i get my lips done at your what my lips your lips what get my lips done like lip injections oh yeah that's more important than your kids future apple apple is like my canva and stuff i use for my business so those everything on there besides bb aesthetic is really just walk by every gym just duck face oh the windows looking in i don't even have a gym membership oh so no i know you're hoping a trainer would come find you That was the joke.

1:00:56It wasn't funny. Walking away. You're going. Yeah. Duck face all the time. They look OK right now, but they always look so bad right after injection. I only get them done once a year. I don't do them. But it's a subscription. Yeah. So pull up your subscriptions. Let me see. Like, I mean, I just. You don't know how to pull up your subscriptions. No. That's the concern. Just open your phone. I'll do it for you. Like in the settings. I'll do it for you. Just open your phone. it's a good picture that's definitely a realtor picture you look like a realtor every realtor looks exactly the same that's kind of offensive no it's true come on blonde hair lots of makeup a lot of makeup and blonde hair that does not make you a realtor look at every brokerage and then look at every realtor show buying New York buying LA buying Zanesville see okay no you have 1, 2, 3, 4, 5, 6 subscriptions on here so you don't even know Apple Music Canva CapCut Lensa AI I didn't know people paid for that I thought that was like a fun one time thing that everyone did for a second Lively Cycle Period Tracker doesn't the Apple isn't that free in the health no I don't no so two of them should not be active because I've canceled them I don't know how they're all set up for renewal no they're not they literally are and then also QuickBooks self-employed what you have cancelled was meta verified on Facebook and lose it premium that is what you cancelled but all these are active and ready to redo so there you go see and this is why you didn't know how to look at subscriptions we looked at it these are not going to renew because they are cancelled it paid for a whole year no no it's not you have to i don't know if you know this you have to probably don't push the cancel subscription button to cancel it can't cancel it then because i thought i already did there you go it's canceled you've not knowing how to push buttons kind of person i didn't even know how to look at my subscriptions well i've you You just literally have to click on subscription.

1:03:10Yeah. Well, I'm glad we learned something. Good. You had more subscriptions than you thought, and they were all the bullshit that you thought you canceled. Great. Okay. And this is at a 27.74 % interest. Let's see. This other card, again, it was paid off because it was only a$25 balance, but then you put $280 on it. Let's see. No interest is accrued on this card. So this one I'm going to count as paid off every month. And it was Kohl's, Kohl's, Kohl's, because we can't wear an outfit. Okay. So I'm not going to include that in the deck. And I better not because it's a 31.24 % interest. What is this?

1:03:45What is this? $18 ,000 from Park National Bank. That's my car note. There's a car. There's a car. Of course, there's a car. You're a realtor. You got to show up in a nice little car. You're going to think. Whatever. I don't care. What? What? What? What is it? It's not. It's just a car. It's a Honda Civic. Year? 2020. Miles? It's up to 120. condition now good now it's fixed so it's good from what what happened i hit a deer don't well a deer hit me i didn't hit a deer are you a content creator looking to level up your game or just drowning in the endless grind of brainstorming scripting and editing been there then you probably are too but with today's sponsor krayo ai when it comes to content creation they make your whole life a whole lot easier krayo is your one-stop ai tool designed to make content creation stupidly easy.

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1:05:14Hello to extra uploads. So stop wasting time and start creating with Crayo. Use my code HAMMER at checkout for 20 % off. But only the first 100 people who use my link get the deal. So move fast. Head to the link in the description and check out Crayo today. Like I said, only the first 100 users who use code HAMMER get 20 % off. Take advantage of the deal today because I know you have better things to do than stress over subtitles. $18 ,961. What's your minimum repayment? It's like$470, but I pay$520. I don't care. I just want minimum. $470. What's your interest? I don't know. Come on. What's your interest?

1:05:52I don't know what my interest is. Pull up your credit karma for me. Why couldn't you pull a statement like we've requested? I did. That's a statement I got. That's not a statement. This is taking a screenshot of credit karma. Do you not know what a word statement is? that's what i got that's how i got it no this isn't a statement do you know what know what the word statement means you literally took a screenshot of your corrected karma i don't know my lady how have you survived how do you have two homes my car is on auto pay that's fine i'm just saying requested a statement 479 is the official monthly payment that's what's in here started at 30 000 how long's the term can you tell me that My car is seven years.

1:06:34Okay. Well, you're three years in. Come on. I don't know how to find the percentage. You couldn't figure out how to cancel subscriptions either. So I will do this myself. When I got it, I thought it was like 8%. But. Oh, is this any loans to track? Wait, what do you say? How are you taking pictures of Credit Karma, but I'm not seeing things in here? I just downloaded my report. Credit age is really bad, but that's okay. lots of high

1:07:05high inquiries counts I don't like the old version of credit karma for some reason this is really weird okay and it's park national that's your car let's see 479 75 months and knows it's a fixed rate

1:07:27it's not giving me why couldn't you log into your f***ing payment portal I can't log into it what do you mean you can't log into it you could have called they would have sent you a statement with Park National so we don't even know the damn interest on here great that's going to help us when we come up with a strategy it's like 8 % that's horrible that's what the stock market averages up years down years combined across the board it's it's not more than 8 % it's lower than 8 % because I remember when I went and bought it they were trying to get me what is the 78 ,176 on what a debt

1:08:03you kidding me you don't know what you owe$79 ,000 that's my first house how much was the house when I bought it it was like$85 ,000 I told you I slipped it it's a town I've never heard of that's why and I'm from the neighboring state I got it really cheap because I did work to it and now it's worth like$170 ,000 or$180 ,000 have you had that appraised yes Really? Yes. Okay. When did you have it appraised? It was appraised before I took out. When did you get it appraised? The year and a half ago when I did the line of credit. Okay, your house value has gone down since then. No, it has not. It definitely has.

1:08:40The house across the street literally just sold. Like, I do comparisons on it in case I want to sell it. So I know I could at least sell it for$160 ,000, 100%. I'll take your word on it. I'd be really surprised if that is the only market in the United States that has stayed stable for a year and a half. But okay. Monthly payment? $6.50. It's like$6.50 on that house. Well, I'm happy with the equity position. Dude, even if you sold it for$125, it's still good. Yeah. I mean, I would not sell it for$125 because the goal is if I want to sell it, it would pay everything else off. But don't do that. Have we not learned from the consolidation?

1:09:18if you do not change your behavior first your debt just gets worse again you need to correct your mistakes and only then can you take a shortcut do not take a shortcut until you correct your behavior you're gonna yourself and then you're not gonna have any equity in the home anyway so you'll pay off all your debt with this then you'll blow through the money then your debt will go up and then you'll have nothing to pay it off with right so don't okay what is this uh 10 000 is that the thing we already looked at yeah that's the line of credit

1:09:47mr cooper that's my current house okay gosh it's so cheap there my gosh 142 000 that's basically a down payment in austin i mean i put a large down payment on it what's large ten thousand dollars that's large for our area i know i know it's a crazy area it's a very good like wow guys if you want to get a house go there apparently i don't know what the job market is usually cost of living is associated with that and so is all this but whatever okay house and your monthly payment there is a thousand one hundred eighty six dollars and thirty five cents how's the rental market not that i trust you but it's decent um a lot of people are renting rent is anywhere from 800 to 1200 depending on what side of town you're in but also depending on the house and square footage and rooms and beds like what are you talking about that's such a general thing yeah i mean my are you saying this is 800 because my are you talking about the median rent yeah okay but where does your house fall in the median my house is a two-bedroom one bathroom so smaller it's tinier so probably the less like 600 maybe you're charging the adequate rent i don't know no i'm not how do you know because i look at houses and do with rent oh you're in like that part part yeah kind of that's why i said it depends on what side of town because a two-bedroom on one side of town could rent for 1200 but a two-bedroom on the other side of town what three streets away this is like five neighborhoods no it's definitely it's bigger than that you go across the bridge the wide bridge if you're on one side of the bridge it's the nice part if you're on the other side of the bridge it's the not so nice part which one's the nice and bad east or west um north and south north and south i think yeah i think it's not even know your own town your your river goes north and south.

1:11:40So east and west. You're the realtor of the town. You don't know directions. I don't know north, south, east, and west. I don't know that. And you need to tell people about areas of towns? No, that's why we have GPS. Put it in your GPS. That's not how you describe areas of towns to people. Type it in your GPS. Okay, yeah, go on. What area is the bad side? So it would be the west. You're on the east. My first house is on. So maybe you can't charge as much as you think. that's why I'm charging 800. It's only 24 ,000 people in that town. A declining population, by the way, I wouldn't be buying rental properties in declining populations.

1:12:17It's literally gone down approximately 5 % over the past couple decades, 5-10 % in its continuance decline. And no offense to Appalachian in general, it's actually a very beautiful area and lots of great history and stuff, but not historically known for the best job markets. I wouldn't be so confident on the selling or rental of the thing. I understand you do comps and maybe the person just got lucky. Sometimes people get lucky in the selling of their house across the street. But come on, it's a declining populating area in a, the most impoverished area of the country, the Appalachians. But I mean, people still always need places to live.

1:12:54Yes, but they buy them in opportunistic areas. And clearly people do not need extra places to live there with a declining population. it says it's declining because i doesn't yes i mean i don't give a shit about your feelings i mean i understand but i don't feel like that's not how that doesn't matter what are you that's not how this works how are you going to get anywhere ever feel that's that's how you're getting the value of your house i mean more houses have sold this year than in the past like three or four years in that area just since I've been in the business. And you know what happens when people buy houses?

1:13:35You know what happens? It means people are selling houses too. I wonder where they're going in a declining city. I mean, everyone that I've helped sell and then move, they've all moved to this area. And we all know anecdotal is the basis for reality. I don't know. I'm not saying don't live in the town you love in it's just like all this confidence of the rent numbers and the value of the house and when you're statistically the declining area of the country like the definitive declining area of the country they never diversified when coal was as high as it was they never diversified and it's also really hard because in Appalachia you cannot build it does not have very good arable land so that is very difficult it's not like the bread basket of America it's not even close and because there is less flat line, it's also harder to build manufacturing in general.

1:14:31It's a very difficult area. You can't build server farms for more modern technology. It is very difficult. Even if you're producing green technology, that's what a lot of people on certain political ideologies, they're like, oh, let's invest in green energy to make up for the loss in coal production for there. But it's really hard to invest in that area because in order to build windmills or solar factories, it requires a lot of land and they do not have the proper land in Appalachia. I'm just saying it's just your overconfidence in an area that I actually find to be beautiful and love is still technically declining.

1:15:02We can talk about it in a rational and reasonable way. You're also negative money and you had negative money. You had negative. You were under in your checking account. No. Yes. That is a checking account that I opened when I was 16 and started working. That's connected to my parents account. So I don't. So they were negative. No, no, no, no, no. I don't keep money in that account. That account doesn't. 58 cents. Yeah. But why am I seeing lowest balance? A hundred negative, one hundred five dollars. Because sometimes I set up like my auto pays and I don't like, I don't remember they're going out.

1:15:39So I have to transfer money from one. What is this? Eight thousand dollars in this other one? Because that's the, that's my personal account. That's the account that I use. Is this what you considered your emergency fund to five? No. That's separate. Yes. Why is there eight thousand? If there's interest accruing on a card that is literally a couple hundred dollars, why would you have 8 ,000 hours in this checking account? It's so stupid. I don't know. I guess that's an emergency fund in my head. So where's the$5 ,000 then? In a different account. But you called that your emergency fund. So why is this your emergency fund?

1:16:10That's not my emergency fund. You just said this is my emergency fund in my head. In my head. Because I have two separate ones. Why would you have two separate emergency funds? Because in the account that I don't touch, that's my emergency fund. That one is that I need if I needed money for anything. Anything fun? Yeah. Like if I wanted to. First of all, it's declining. I love the$8 ,000, but it went down from$10 ,500. Yeah. So it looks like we had a couple of good months and it's supplementing our bad months. Those were. Yeah. Those are payments. That is a realtor. You kind of have to do that a little.

1:16:41So I guess we can't really fully celebrate the$8 ,000 because it is going down and it goes down until we're able to replenish with the good months to supplement us to our bad months. That's just the uniqueness of your job. Two Starbucks and then two more Starbucks and a Venmo payment of$10, Venmo payment of$50, Zellen out$33, and Venmo payment of$75. Not great. $8 ,000. How often do you get a commission check? This year I've gotten 12 of them, so I average about one a month. Well, 13 this year. And what are we feeling about? $4 ,000,$5 ,000 per commission check? Mm-hmm. let's get your cost of living let's get what you need to survive and then we can determine what to actually do with this money this is interesting, I'm kind of excited we might have an opportunity to actually fix something okay, debt minimum fee payments 103, 115

1:17:43I'm going to count your secondary debt payment or your second mortgage which the one you're not living in is a debt payment as well. So debt minimum payments is$1 ,397.73. What comes in, not including the rent. So what comes, you said they pay$600 in rent? They pay$800. Okay, so then what comes in is going to be now$5 ,000. We need to set 6%. Oh, well, let's set 10%. We need to set money aside for tax. so after tax you're setting 20 % aside for tax we're going to set 30 % aside total for expenses and everything so we're going to add an extra 560 so we're going to call your income after you're properly setting aside for taxes and expenses $5 ,720 okay then of course your current mortgage is $1 ,186.35 are they taking care of utilities and everything and internet and all that good stuff on their house?

1:18:46Yeah, they pay their own. Good. What about your utilities and internet? Gas, electric, internet, trash, blah, blah, blah. It's really cheap. My gas is$40. My electric, the last three months, has been$90. Yeah. My trash is, my trash, water, and sewer is all together, and it's$70. Uh-huh. Internet? Internet is$40. Cool. Vroom, vroom, drive, drive, gas. So only five streets in the town, so can't be much. No, I spend a lot on gas. Yeah, because you drive back and forth all the time. I drive a lot. Yeah. I would say$500 a month on gas. Car insurance? $555 a month. The f***? Because of the wreck? Because of, yeah, wrecks and speeding tickets.

1:19:29Speeding tickets? You didn't have to take the quizzes to get it off your record? Yeah. No. Wait. I don't even know what that... You can take quizzes to get speeding tickets off your record? Well, it's probably dependent by state, and maybe Ohio doesn't have it. But most places, yeah. They're like your first ticket over the course of a few years. Like your first ticket in a few years, you get it. But they're like, here, pay a little bit more, but take this quiz. No, I've never been made aware of that. Okay. Well, maybe not. Groceries for you and the kid. The kid is off the nip because it's four.

1:20:01Yeah. Okay. So the kid has to eat. We could do$500 a month. TP fund. Anything else you need is$500. Throwing you and your kid in this,$200. So anything he needs, anything you need. Some months are going to be lower, some months are higher. We're deferring some for higher months, depending phone bill. 110. That's a lot. It's a phone and a tablet. What tablet? Like an iPad. It's a phone and an iPad with service. It's not the worst. If you didn't have that, I would say do helium for 15 bucks a month, but they don't do tablets as far as I know. Actually, they probably do. I mean, the tablet I use for work and then I let my son play on it sometimes.

1:20:41Sure, he's an iPad kid. Every kid today. No. Medical healthcare? No. Nothing? No medications? Gym? For all the trainers? Okay. Pet insurance? Do you have pets? I have a puppy. I just got a puppy. Okay. Get them pet insurance immediately. We'll do 40 bucks. How much for dog food on a monthly basis? Like$75 for a bag. One bag a month? Yeah. Anything else that I have not put in your budget that needs to be in your budget? if you're not including like the leads that I pay for yes okay business expenses how much just give me everything 300 a month literally if one thing goes wrong this is all but$5 ,104.08 unfortunately there's really no room for fun if we're going to start paying off debt well literally if one income source if they don't pay rent for a month if they don't you know because you only have an extra 615 9.92 on a monthly basis.

1:21:46One thing goes wrong with one of the sources. The good father becomes a bad father and decides to flee to Mexico and doesn't pay anything. Boom. Gone. Or he dies. Or who knows. They stop paying rent. Or they move out. You have a hard time finding a tenant. I want you to work on behaviorally paying this off and I want you to keep that house for now. Let's try to pay it off while you can keep the house. The rental. Okay? what's the interest rate on that rental 2.1 love it what about yours my interest rate right now is a 7 okay well hopefully refinance that when the rates are lower could probably get it for about 6 today but you don't want to refinance until you save about 2 % uh okay so$600 I'll certainly pay off that 561 in the first month or capital 1 first month quicksilver second month that$600 is gonna go really difficult honestly okay so we have six hundred dollars literally unless you do not get the commission big commissions it takes 17 months to pay off the chase freedom card and remember it starts coming in just a nine months so i don't know you you were so confident about being able to pay it off quick yeah mathematically impossible if you're properly saving setting aside for expenses on the rental and your taxes yeah that's kind that was kind of my plan is like I was just using that card that's why all my expenses were on there but realistically like looking at it now full picture like big circle it doesn't make sense but regardless I want to pay that off before but how but you can't math wise it takes 17 months I guess I was kind of banking on selling like a house and then using that whole paycheck but don't you use but that paycheck is calculated in our average income yeah but i made like a goal for myself next year to sell like certain amount of houses and like hit that goal and the goal is fine and i hope you hit it but i'm just going off of what we're making now plus the bartending job that you don't like and don't want to do starting in a couple months like that's all included in this and you're still not making it and plus there is complications with selling your second house you're saying you're renting it to them cheaper to help them so you can't sell the house if you want to help them right so that's not an option either so total i mean 16 months this has to take a minimum five years to pay off all this debt except for the houses five years to pay off all the debt it's not enough i think you need a uh can you work more days doing the bartending um if i went somewhere else probably this wasn't like something I seeked out they were just like hey ask for this day ask if you make an extra 600 hours you you double this process you can you can pay off it's gonna be very close but you'd get close to paying off that other card before interest hits is it deferred interest you know I honestly don't well we can look at it we'll look at it in between now and the post show we'll talk about all the degenerate post show the post show is always fun you have to go get that other job.

1:24:57I hope your commissions go up. If your commissions go up, we can put it all towards the debt for the sake of you and your kid and your future. Wait, where is that kid's money? Um, and his child support account. But what is that? Um, tell me what the account is. It's the state. It's just like a checking account. You can take it out. Yeah, I can take it out. Take that out. This will go further for his future. I promise. I promise where it's going to get back plus more take that out take four thousand dollars from your eight thousand dollars in your checking account then a couple months of work then pay off the chase freedom actually no no take five four thousand from your account five thousand from the kid account and a couple thousand from your one thousand from your separate side emergency fund pay off the Huntington card today.

1:25:51Huntington card today. Then Quicksilver and Capital One payoff in two months. Now you have an extra$160 left on a monthly basis that is moving you up from$615 to like$850,$860. Wonderful. Or sorry, sorry, sorry, sorry. Like$750,$760. but with that maybe an extra two thousand from your emergency fund bringing it down to only about two thousand hopefully making a little bit more bringing an extra six hundred by working either another shift or by getting more commission you choose once the commission is supplementing it you can take away from that but with that bringing that chase freedom down to eight thousand by having an extra twelve hundred dollars on a monthly basis yeah you pay that off in time you pay it off just in time just in time barely it's going to be close and from there you start hitting that car because even if it's 8 % that's bad and that still is going to take it's going to take about a year at that point but I think you can do this in about two years from now if you tap the money you have now the kids fund and your emergency fund only leaving$2 ,000 in there for a temporary basis you hit it and then you're bad debt free.

1:27:11And then from there, what I need you to do is whatever it costs to live, you're building a fully funded emergency fund for a year to supplement you because of your type of business. And then 20 % to investing. And if you really want to contribute to the kid, we're doing 20 % to investing for yourself so that you have a chance to survival in the future. You need to catch up on retirement. 50 % on needs. I think you can do that in less, but 20 % to investing, 5 % to your kids investing whatever your needs are less than 30 % and then the rest towards fun and I think you can have a lot of fun but that's what we need to do to pay off the debt I think that's the game plan okay that makes sense alright so we'll have you on the follow up channel throughout following up on this process making sure you're sticking to it answering any questions along the way guys make sure to join our YouTube membership where you get access to the post show and join the elite for the best value of your dollar 10 ,000 hours of extra content and a call in show where you can literally call in and ask your money questions or drama questions or whatever you want to ask and talk about.

1:28:13Super fun. And a bunch of extra shows as well. Let's get your hammer financial score. Hammer financial score, spending in a budget, you overspent zero out of 10 debt. You don't have collections and some of it's not the worst debt, but it's high for your income situation. So I'm going to give it a two out of 10. Let's give it a three out of 10 emergency fund. You do have a starting, you need to use it some of it right now, but you do have some of it we're going to call it about for your living situation a three out of ten emergency fund retirement is behind that's about a three out of ten as well real estate it's not bad interest rates you know okay on your house equity position is great on your second house but you took a line of credit against that um your house what's your equity position in your current house honestly i haven't looked it up um but i'm guessing i'm gonna give you a seven out of 10 real estate yeah hammer financial score 3.5 out of 10 guys join us in the post show it's gonna be fun and don't forget you can bundle all of our education which is the best online to take control of your finances all at 15 off i will see y 'all in the post show why always sports trainers i'm not always yeah sure well tiktok is my dating app how do you date on TikTok?

1:29:30What do you mean? How do we go from training to diddle diddle? I mean, you meet people. You can meet people on TikTok. Was it like you're getting trained and all of a sudden, whoops, I slipped. What? So it was... To watch the Financial Audit post show, click the join button below.