Entitled Brat Is “Too Good For Work” | Financial Audit

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0:33It could be worse. I'm trying my best. Are you? As best as I can. How many hours a week are you working? So I'm working 36. You're not trying to work. That's exhausting though. You're kind of acting like a child. Like an entitled child when it comes to this work. You do have to work to make money. Who are you going to live off of? Not my parents because they're not supporting me right now. Why should they? You're 23. Hi, my name's Olivia. I'm 23 years old based out of Austin, Texas. And this is Financial Audit. What do you do here in Austin for a living? So I'm a medical receptionist for a surgeon's office.

1:08Cool. What are we making? About pre-tax$29 ,000 a year. Okay. Under 30 in Austin. $30 ,000, not age. How do you feel living in Austin? It's okay. I know compared to like New York or Boston or Seattle, San Francisco, L.A., yes, it is cheaper. But compared to the majority of cities in the United States, Austin is a pretty expensive city. Wow. Is that salary? No, it's hourly. What's your hourly? Hourly is I just got a raise to 18, 18 an hour. You know, Austin, that's actually this was not like full concrete, hardcore research that I did. but I compiled a list of job openings of the lowest income level job openings I really pay in like fast food service, boxed shelves, just to get an idea of where things were at.

2:06And when putting that all together, the median lowest paid openings in Austin is$18 an hour. You just got to raise to that. Yes. I have considered switching careers to food service because to be honest, it does pay more than what I'm making now. And that's what you want to do as a career? Food service? I don't mind it. Okay. I work my share of food service jobs and I like it. What are your goals and ambitions? What do you want to do? Okay. Nothing wrong with working in food service. Not even close. Typically, you don't hear someone saying they want to go fry nuggies for the rest of their life.

2:47Yeah. If you're bad at math, frying nuggies isn't too bad. but um i am actually in the process of getting my real estate license um online yeah which is not also not really what i want to do but it's not the best time for it specifically yeah because everyone was making money during the pandemic when rates were low people were selling and buying selling and buying and now things are a little slower austin areas up one percent year over year and year to date it's up like three four percent so it's like we're starting to we're you know we We hit what looks like the bottom and things are getting a little, and rate cuts.

3:23There might be one rate cut this year. Even still, it's definitely harder to get into. Do you have a lot of knowledge in the real estate space? Well, that's why I'm working towards this license. I'm hoping for a turnaround in the real estate world. So I'm doing what I can to try to get ahead without. Yeah, but what do you know about it? Do you know anything about it? About real estate? that's why i'm learning okay so but what makes you interested in it because a lot of people they're interested in real estate they get into real estate because they've learned about real estate and they like it why are you choosing to get into that i mean i've done kind of like general looking around as far as the career itself um you know like entry-based salary seems livable um as far as a realtor yeah okay the stress um like stress level as far as working as well as the flexibility.

4:19You know, this is a heavy commission job. Oftentimes that means you have to move inventory to win. You got to sell either on the buyer or seller's end. And that is stress. I'm in the real estate world, not as a realtor, but I have a large real estate portfolio in terms of rentals. It is stress, the real estate world in general. I think you're looking at it a little bright and starry-eyed. either way okay so 30 000 hours that's pretty hard in austin it looks like in general you bring in on average 2 000 hours a month yes that's hard but all right is this a single household income yeah um i live by myself i support your rent so it's 9 19 right now um well that's basically half your income it is and it's going up when i renew my lease in a few months which is why you know real estate is one of you know kind of the easier courses you can get into to try to do something to make more money well is that literally the only intention because again going into something that is so commission based usually if you don't have at least a bit of a passion for it you're not gonna make i can gift you a tech certification to course careers i can gift you that to add to your resume and stuff i've checked out course careers um i wasn't as interested and it's not that i'm not interested in real estate i am interested and it's something that i can see myself being successful in but you just made it sound like that's one of the easiest certifications again so that's what i'm doing one of the courses easy but as far as accessibility because i don't have extra money to put towards school right now or community college austin community college it's like almost it costs almost no money then again then again for the austin area you basically make almost no money yeah uh so i'm trying to austin community college I think they have programs for people in your income situation.

6:13I was going fresh out of high school. I went to ACC. It's$85 a credit hour at ACC. That's pretty. Buddy, that's$1 ,000 a semester if you take 12 credit hours. Which in my situation isn't super doable for me. i know but that's like a thousand bucks twice a year i think we could do that and even if you had to borrow for that like just if that really increased your income situation like a federal student loan doing that for two years four thousand dollars that's not the deepest end of the world if that doubles your income yeah and then there's also the issue of i work full time um i work all day so it's hard for me to take time out of my day evening classes or it would be online classes like i mean you're not the only person in the world that would have done it like a lot of people that my mom did that she worked full-time and then did college at night to try to improve her situation so we could live a better life a lot of people do it i mean do you have a kid i don't okay so you have some time i've got a dog okay i have two i know you have time expensive oh okay well yeah have you ever googled yourself i did and man the amount of personal info floating around is just mind-boggling.

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8:46Where do you think you are right now? I'm going to give myself about a three. Why are you three? i don't think it's the worst that it could be but it's what everyone does on the show and then they think their situation's okay because of that it's it's definitely not the worst it could be a lot worse it can always be worse it could be worse how does that mean it can be better or how does that does that does that mean it's okay though um it could be worse yes it could be worse it could be a zero could always be worse i could be shooting under the bridge it could be worse it's not that bad that doesn't mean your situation's okay it's i'm trying my best are you as best as i can how many hours a week are you working so i'm working 36 okay you're not trying your best yeah as far as like i work full time um hardly barely what else do i do because then work full time again after that shift that's exhausting though that i've had two i've held two jobs before and it's exhausting it's a lot on your mental health welcome welcome to the world though welcome to the world though i mean that's kind of what we have to sometimes do when we're sacrificing right like if we can't afford to live what does math tell us you have to be able to afford to live what do you do as an able-bodied human you work yeah it's it's a lot unless there's like it's a lot oh there's legs okay down here so okay it's i think you can get there it's a lot though like mentally it is mentally we've all done it and we've all done it though and i've done it too and i've held two jobs i'm 23 i've done it i've held two jobs you have like more energy right now than you'll ever have that's concerning too because it's exhausting it is no one says it's not i didn't say go do it in order to survive and it's not going to be exhausting no one ever said that sacrifice usually is called sacrifice because there is something you're sacrificing in that case your energy you're a little more tired picking up a couple shifts a week imagine you work 36 and you said you're trying your hardest you're trying your best you're doing your best 36 hours a week is not your best what else do i do in that situation oh my gosh are you kidding me no i'm listening as far as like what time do you get to work uh 7 50 what time do you leave work 5 p.m cool then what well are there more hours in the day after five yes cool i think we just figured it out i actually have tried i've applied to a few places recently in the past couple months what's a few um i applied to no what's a few just number sorry two three okay you didn't try i'm sorry i've gone to interviews i have woo that's right it's a numbers game it's a numbers game it's also about availability and hours some people don't want to hire you just to work absolutely after 5 p.m absolutely correct this is it's a numbers game absolutely it's a numbers game you have to apply to 100 you have to apply to 200 it's a numbers game and you go until you get the one that works for you it's a numbers game we don't apply to three and say we tried we tried oh let me just go things are just not gonna work out we tried if you can't afford to go to school in order to increase your income which is kind of what you want to do yeah and i do i do want to go back okay but because you don't make enough money i mean that that's a you situation that's for you that you could if you wanted to i know for a fact in austin again there's a coffee place i like going to uh summer one of the summer moons near the office the manager tells me constantly please get any of your guests to just apply to work here they pay 18 an hour they need people to make some coffee and is that what time do they close dude they uh some room closes at eight i think so that's a few hour shift yeah a few hour shift congratulations by the way is more than no extra hours what are you talking about it's hard to find somebody that wants to hire you working so few hours but if they're literally begging for people i don't they didn't tell me what times of the day maybe it's random maybe that one wouldn't work for you but that's an example of something that exists you're kind of acting like a child like an entitled child when it comes to this work you do have to work to make money and i have i do work 36 hours and you're not trying your best i've been working since i was 16 cool again most of us do i go to work like most of us okay i do my thing i work and 36 hours yep that should be enough unfortunately i know there's nothing we can do about the cost of living should be is a completely different conversation should be is not gonna have you walk out of this door and live a better life that that does nothing for you we can have a different show where we talk about should be's the reality of the economic structure we're in it is you need to work in order to make money in order to get the things that you need to survive that is our structure let's have the i wish conversation somewhere else that does not help you here that does not i benefits you i you know what i wish you didn't have to make as much money in order to survive cool end of conversation did that just help you did that just actually get you out of a situation did that actually make it so that um you're you're gonna be good now no unfortunately not so how it works as far as working extra shifts okay now you need to factor in you know trying to save money and meal prepping and doing all the things that it takes to try to save more money which is what you do anyway yeah sure and then trying to fit that in somewhere else on top of meal prepping takes a couple hours a week like two two times a week and you have to shop for it too yeah you can get a pickup order that's free but that costs more no i said it's free 30 cents more per item at hev hold on literally 30 cents more per item when i was doing it it was free what are you talking about there's no curbside fee but they do charge you an extra 30 cents per item that's already added into the total like the cost of the item so if you go and store the item is going to be 30 cents cheaper okay i could have been wrong but i i had no idea i must have just not known that i try to go into the store as much as possible to avoid curbside uh walmart i mean most grocery bills are over 35 walmart as long as it's over 35 it's free okay that's good to know there you go solves your problem okay cool any other excuses you want to try i think that's it okay so meal prep a couple hours a week if you work a couple extra shifts still have a couple hours a week we can pick up groceries on the way home that we scheduled for pickup okay for free energy it's the energy thing oh no we're gonna be a little bit tired because we put in a little bit of work it's hard it's oh it is it is you know it's gonna be harder staying in debt for the rest of your life and trying to retire at any point but you're not able to because who knows if We're going to be able to rely on social security at that time.

16:07By the time we're retirement age and you saved up nothing to retire. So who the, how are you going to live? How are you going to survive? Who are you going to live off of? That's going to be hard. Not my parents. Cause they're not supporting me right now. Why should they? You're 23. So I'm supporting myself. Do you feel like you should be supported by them? No. Okay. Why did you bring that up? I just know that a lot of people do have that support. I don't have that support. Sometimes I didn't. yeah okay my train of thought went off the rails that's okay it's okay i'm scared to get into that uh producer man no over there looked into the into the thing for the heb pickup and it's like in in the fine print they have like a three to four percent markup on the heb prices but there's no pickup fee whereas walmart there's a fee if it's under 30 for the pickup from what i just online could be a hidden thing i don't know if there is have your grocery list and zoom through the aisles we all do it like my goodness come on it's a mental barrier it's a mental a mental thing let's see a purpose i'm sorry but like what if you can't go into a grocery store like you're not gonna be able to survive in this world so far like there's like no one can help you with anything if you can't literally step foot inside of a grocery store like i'm pretty sure i shop for my groceries but it is it's it's mentally everything feels a little mentally draining sometimes it is no absolutely everything is mentally draining but the rest of us we just deal with it because it's what we have to do because there's like no other choice and that's what it feels like i'm doing already so i'm working 36 hours i'm afraid to add in most people work 40 hours a week you're already under that that's four hours though that's a i know but you're already under that and you specifically said you're doing your best you're not i can't my job closes at noon i know but you're still not doing your i don't know how you don't get that how how did i how did i not get that i crossed you whatever discover it everyone's favorite like first little credit card that actually wasn't the first one the first one was the apple card really that one came second that's interesting um okay two thousand five hundred two thousand five hundred twenty three dollars and fifty nine cents that your income is scary because again rent is about to be over 50 of your net so i don't even know how this doesn't make sense with the 73 dollar minimum payment you purchased probably because you have no money in your checking account so you add it to a credit card see it's unsustainable see see this is what i'm talking about where you said it's hard and it's going to be harder in the future when i was saying it's going to be harder in the future it starts to look like this it starts to look like this and you can do this for a while because your credit line is absolutely huge for your income it's seven thousand two hundred dollars that's wild you purchased six hundred twenty six dollars and 73 cents on here when fifty two dollars and eighty four cents of interest are crude one hundred sixty you made double the minimum payment but it doesn't make sense it doesn't it doesn't matter because you then spend five times what you put towards the payment so what was even the point why are you spending money on a car that you can't pay off that it's a growing interest and you added the balance by five hundred dollars i really don't know where that 500 came from i don't know how i spent that within the last what you don't even know where your money goes to sometimes i don't okay i mean that's fine it's also like it's not fine but that is where people start typically so that's like i accept that it hurts but i accept that it's awesome like i guess it is part of like just mentally blocking it out and just doing doing my thing without paying too much attention to it um okay i'm obviously you've never budgeted in your life go through a budgeting class go through our investing class if you want to as well because at least you get a free$100 for that but go through the budgeting class for sure you get it for free because you're a guest you can get it for free if you want to be a guest as well you can apply to be on the show calebhammer.com slash apply

20:23that's crazy though that is wild you don't know where this went not with that amount i'll tell you you went inside store and got like a drink two dollars like what else would you be getting for two dollars walking into the central market for two dollars or did you go in there and just buy an herb i don't even remember yeah you probably went in there and got some bull five below tipioka going inside getting some bull chick-fil-a firehouse subs going inside getting some bulls**t raw stores mcdonald's uh a restaurant heat uh some tea place and going inside and getting some bulls**t purchases one two three four five six seven eight nine ten eleven reminder you didn't even come close to paying off this card you added it by five hundred dollars under your balance and it's accruing interest and you only spent money on this card because you don't have any money in your checking account because you don't make enough money because you only work 36 hours a week and your rent is more than 50 of your income so you spend it all on a credit card that is increasing the balance and adding more and more interest on it but where did it go oh that's not a smart way to live i think in my brain it's little things that are obviously definitely that's how it works um i mean i just last month yeah your most recent statement so So, I mean, let me just be very clear.

21:58And I know, again, a lot of people, they're going to be like, someone deserves to be able to go to do this. Okay, sure. Different conversation, different show, different show. In the reality of your mathematical, literal life, you simply cannot afford to go out to eat. Like, that's just a mathematical reality. And you're going and getting boba? You can't afford a single boba ball. Not a single ball. That was my first boba in like six months. okay well it should have the six months ago should have been your last boba until you're out of debt you just can't afford this and go inside getting some chick-fil-a and firehouse and mcdonald we just this we can't do this dude you simply cannot afford it and you are you want to go to school and you're like i can't pay for school but what do you do instead remember what we said it cost a semester a thousand dollars you spent five hundred dollars most of it was on bullshit I think a lot of those purchases Well okay there was a big thing Diversified Health was a big purchase on here That was 200 bucks so that did a big thing Yeah that was A medical debt collection That I didn't want to End up on my credit Sure whatever But that wasn't even half of it I mean again There's also vet bills on there

23:18My dog has been Having to go to the vet more often lately he's turned eight years old so he's now like a senior dog he's having a little more health already yeah it's so sad how what kind of dog i don't know i'd have to show you a picture of him he's a rescue okay big he's about medium like 25 pounds okay but we're having to go to the vet like a lot more often lately what's been going on anything that's like they can so he needed a dental procedure um like a cleaning and then something was going on with his gums and his teeth um and that went on that card a thousand dollars at the vet okay that wasn't this month though and you still spent both in this month yeah um so that was really big and then we had to go again something was going on with his eye um so i took him in they tested it that was like a hundred and something dollars and then they gave me eye drops which was another 50 dollars sure um and it's your responsibility you adopted so that's what you have to take care of so does it make sense if we can't afford to take care of a dog to be going to chick-fil-a and that does that make sense you can't you literally cannot afford it and it's like the food purchases are usually small they're not huge meals doesn't matter you can't afford it and it's all adding up and it's usually lunch and it continues to not matter pack a sandwich pack a soup yeah i've been there you got chick-fil-a meal prep a chicken sammy it's the energy thing it's energy that is not ever going to be considered a valid excuse everyone everyone deals with that unless you have like a chronically diagnosed like thing where your energy is like 10 of the normal person that's different but everyone gets tired i get tired this has nothing to do with you it has nothing to do with anything it has nothing to do with the finances in here but i had a big i had a car appointment this morning i got some bad news about some real estate that i wanted to do some potential bad news we'll see i was tired i was drained it's been an unpleasant day i didn't want to walk in here and film this episode i walked in here and filmed this episode because one i owed you you came here to do this so i owed you i wasn't gonna walk away and two it's the business you know that wasn't a choice because i had a bad day because i was feeling a little energy also i'm on a diet i barely even had a lunch and i'm hungry i'm a little cranky little and yet i still walked in here like an adult and i'm older and fatter so i have less energy okay you're skinny you're young you got it enjoy it while you have it apple card your first card yeah first card and this one had been paid down and then it ended up with why more crap on it why that's a good question give me a good answer I don't have a good answer crap spending so you came on the show for a reason you applied for the reason what do you want where do you see yourself where are you trying to get to so I can help you navigate this trying to get to where I guess stop this balance from going up still I don't know if I just need you don't want this your balances you don't want it to go up why?

26:50because I can't pay for it with my income what are you trying to do with your money though what are some aspirations just be a little bit more financially literate sure but what are some goals you like have like yeah you want to get to a healthy place yeah what do you want to do what do you want to do that involves pretty much everything involves needing to use money in some way so yeah what are you trying to do by 30 what do you want to be career wise what do you want to be living wise what do you want to be debt wise where do you want to be in all of that by 30 i hope maybe i can have my certificate or degree for whatever i'm wanting to go back to school for um what do you want to go back to school for i want to go back to school for like nutrition why are you wasting time on this real estate thing it doesn't make sense that has nothing to do with nutrition because like i said as far as like the resources that i see available to me you really think that's gonna be so much more of a winner you could go like the first year without seeing a penny and i do you can't survive off of two thousand hours a month right now i do want to of course you know make stable income so i don't have to worry about i can't take my dog to the vet because i can't afford it um so i want to be in a spot where i'm not having to have such anxiety over buying or spending and doing what doing what i do so i mean that stuff is uh pretty basic then Which is okay.

28:30That's totally okay. But since it's so basic, why haven't you done anything? Like this is the most recent statement. You said it last night, I was just told. So this is like this, they literally just ended. So these are the most recent statement. You're doing this right now. You've done, that's your goal. You've done nothing to even come close to trying to achieve that goal. I have been trying. Cutting, spending, like here and there. If this is considered cutting spending, then... No, I understand it's still high. There's still a lot of like crap spending that shouldn't be going on. Is this the new version of you're trying your best when you're talking about work?

29:09Because I don't see much trying here. I'm just trying to explain myself that, you know, it's gotten better, but it's still not where it should be. It was worse, but I'm kind of at a place where I feel stuck. But it's self-inflicted. nobody teaches you that's not going to be a valid excuse no one ever learns for no exactly so i'm learning i'm figuring it out like okay that obviously doesn't work i need to stop doing abc um so i'm learning i'm asking for help you know realizing what's wrong yeah what's going on so that I can fix it. Good. And it's a great first step. But in terms of just why. Okay, let me let me try to ask this a different way.

29:58Then when did you start learning? When did you decide you wanted to start learning? I guess maybe like six months ago when I started. It's a long time. So then that brings me back to my initial question. If you were going to say last month, it's a different thing. Six months and this is what I'm looking at. Your balance goes up by $500 on the most recent card like what are we doing you're you're throwing yourself into a terrible situation that that's not trying that's not of those dollars were okay so 300 and vet so 300 was okay cool so hearing i'm trying that's is that i'm trying is that i'm learning after six months that's why listen i'm good with learn learning and i'm good with walking through those different things but i'm also not gonna allow someone to sit in bulls like it's like it's not it's not intended to offend you it's not at all it's not even intended to make these people get all excited literally if you sit there and spend that much money on bulls and you say that's i'm trying and that's me learning after six months i need to call you out and let you know that that is unacceptable and that is you cannot be considered if if it was worse before and this is better okay but i cannot allow you to consider this a win because you're getting in a dark situation that is going to be so hard for someone like you and your income situation to take out of and you're only making it worse i know and i'm having the conversation that happens when you're here so this is how it goes welcome yes that's why i'm here is to get help and to go through it and figure out what...

31:36What do you think's happening? Why do people say that? Why do people say... I call them out on what they say and then I'm like, oh, well, that's why I'm here. No, that's what I'm doing. The thing that happens when you're here. You're saying it over and over again and it's... Yes, yes, that's... How many times have you seen the show? Six, seven. Okay. So you know how it goes. What? What am I doing? What? That's why I'm here. Oh my gosh, you said it again. That is why everybody is here. Huh? That is why everybody is here. Exactly. So why did you think I would not call you out differently than anyone else?

32:11$25 minimum payment. We went inside Target and we got some bulls**t. We got our drink or something. Target is only ever like household stuff, like laundry soap, kitchen stuff. What did you get for 93 cents? Oh, it's because I had a gift card and I spent the gift card and then there was like a little bit of amount that wasn't covered by the gift card. Okay. $10 of interest occurred on here. 27.24 % interest rate so interest continue to accrue discover wait a second okay you don't have two discover it's I do oh you do so okay this one the one with the the one we just went over that was initially supposed to be a balance transfer card wait which one the first one yes the one that you spent all the bullshit that you think is making progress okay and i was gonna transfer the apple card balance onto that one because it was you pay it off in 18 months whatever no interest and i called them a couple weeks after i got the card to initiate a balance transfer and they said i can't i don't know why what was the reason they gave you must have asked why something about I waited too long.

33:29Transfer balances? No, I tried and I've gone online and it says it's not eligible for transfers. Whatever even mattered. I mean, that's accruing interest anyway. So it's like, well, what was your intent there? Maybe it was 0 % for a second. But okay. Either way, I mean, you're putting more on it anyway. So yeah, that also became the I'm going to have fun money. $1 ,304 sitting on here on the second discover it. that one i don't think i've touched that one yeah there's no new purchases you only made the minimum wait there's a three dollar purchase and then three dollar purchase yeah and then three dollars of interest maybe it's a subscription let's check it out fifty dollar minimum payment these minimum payments definitely for you scare me when they start to stack up like this resumehelp.com you probably have a subscription yes okay cancel that okay if you're not using it i mean you maybe should use it and try to get a better job like update it every now and then and it writes helps you write cover letters too yeah because they are paying you the bottom of the barrel in the austin area so you could probably honestly just get a better job as well which is a 25 hour job that is like customer service which maybe i needed to hear because i've been feeling kind of bad about wanting to leave this job why just because it's like a small family vibe so you know how like the credit card companies like in that part of capitalism you're getting a little boned with the interest rate of course there's lots of personal choices that you're doing well it's also the part of capitalism that can help you they're not paying you enough so you can leave and you can go to somewhere that is paying you enough and if they're if they don't want to see you leave they'll pay you more okay it's a market find out what you're worth in the market and go get that well maybe i needed to hear that because yeah i mean i look and then i'll apply and then yeah and we're not applying to three jobs by the way we're applying to 300 jobs yeah if it's a full-time job then well yeah i mean we're just you need to work more or get a better job and i do kind of want to work somewhere else where i can just easily get more hours at one job instead of having to get a second job where i can maybe get overtime at the holidays mean more travel more shopping more time online and more personal info and more places that could expose you more to identity theft but lifelock monitors millions of data points per second if your identity is stolen our u.s based restoration specialists will fix it guaranteed or your money back don't face drained accounts fraudulent loans or financial losses alone get more holiday fun and less holiday worry with lifelock save up to 40 % your first year.

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36:48Open up a SoFi high-yield savings account now and get that$300 for free. Oh, what's your car? What is your car? What is it? You're going to be mad at me about this one. Right. This is a 2018 Mazda 3. Okay. It's a nice one. Oh,$20 ,000 a year. So I bought this kind of at the I think we're like in the peak of the car chip Crisis issue Okay I think I know what you're saying But the car that I had it was a 1998 Toyota which it was still running good But I thought the transmission Was slipping Was it? So apparently it's just having like A shifting issue Mostly like from first to second Like the car doesn't want to shift And I mistook it as Like a slip But it sounds like you ended up finding out what was actually wrong.

37:42Recently. What do you mean recently? My dad still has the car. Why? Is it his car technically? I mean, he bought it. It was like a$1 ,000 cash car from Craigslist. How many miles are on that car? Like$220 ,000. I mean, I have an idea. I just don't know if it's the right idea because I do not know enough about that car and the longevity of that car and what maintenance has been done on that car and what needs to be done. By the way, there's transmission places all over Austin. They'll try to upsell you on a bunch of shit. You can go and you can get a free transmission check. And they can tell you the health of the transmission.

38:19I did that and realized that my Nissan 2013, Nissan Altima, when I first moved here, was going to shit. Literally, when I got here, the transmission just started. Yeah, exactly. And 2013. It's like the worst period for those. And so I immediately got rid of it and got my Jeep. So I want to check that out first. But either way, we're here. Okay. So either way, you owe$18 ,054 on it. Okay. With a minimum payment. And this is okay. Because first of all, that's insane. Because that's almost as much as you make a year or not. But the$358, like with where your rent is, and now your$358, 14 cent minimum payment, I do not know how you're even paying your best.

38:59Yeah. So when I bought this car, I was still living with my mom. So I could comfortably make that payment. No problem. Wait. Where are your parents? What do you mean? Are they in Austin? Yes. Why do you? You're not like ancient. You can. There's plenty of cultures where you don't have to move out. I know people. I don't think we have enough time for this. We move out. Well, one second. Before we move out so quick in American culture. And that's fine. And there's a lot to gain from it. There's a lot negative. It's whatever. But a lot of other cultures, you can stay at home longer. And it's more of a family thing.

39:34And that's okay. You could stay at home if you wanted to. And honestly, in your financial situation, I don't know if I'd want you to not be at home yet because, again, you're putting money on credit cards because you can't afford to live. Why did you move out? I don't know. It was not better as far as mental health for living at home. There was a lot going on that led to me moving out. Okay, that's vague. Give me something. Yeah. So my mom, she has a house that she's renting. well it's a duplex and um my brother moved back in but my brother's got um excuse me four kids so there's a lot of people in that house not enough space um so it was just like a really okay that immediately becomes me um okay no there was a lot of a lot of things that like led up to well then you can you can tell me because i want to give you my assessment before you tell me yeah um and this is this is okay this is a big generational thing i'm right on the cusp of z and millennial you know i share more in common with older gen z and less with older millennial one thing that's definitely happening um more towards the age range of you is the internet has deeply enabled this because it's um really made everyone's feelings what's the word i'm going for um like feelings are justified in the real but they've made it so that they there's a word that's on the top of my tongue i think i get what you're trying to say well either way you from the language you've used from just oh i might be tired to mental health because there's kids living there and stuff like that very victim mentality where you are the victim no matter what and that makes me a little nervous because i don't know how you're gonna well i just don't know how you're gonna operate in life in general that like you can have that and that is fine do you but that just makes me afraid for how you're gonna operate in the real world in general for the rest of your life what else though what else there because maybe there's an actual reason there was just so much going on it's not as simple as what else is going on than kids fighting a lot of fighting what kind of fighting disagreements hollering matches okay um the kids are not little kids they're older so they're all living individual like lives so that it's like clashing in a small oh sure space sure frustration with everything but to the point where the frustration was literally like taking a toll on my mental health okay like crying out of like frustration you were getting your arguments with them we would and like what were you fighting about there was like financial fights um because my mother was the one paying for why were you a part of the house because my brother also lives there too but was not yeah but why were you a part of the fight because he thought that i should be paying more to live there we were both contributing sounds stressful but it wasn't like it wasn't just that though it was like every day something something something tension every single day my relationships with my family members were at a low to where like we couldn't even like be in the same room you know and make eye contact because we're just at our wits end with each other no it doesn't sound like the healthiest place to live it really doesn't it really wasn't and i would if you were to tell me that i would want you to get on your own but before you went and got on your own we would try to figure out your income situation because now you've put yourself where you're about to be paying more than half of your income and rent and you literally can't afford to live and i don't think in the end that you not being able to pay for bills and getting in a more dire financial situation than you've ever been in your life is going to be any less stressful than being around people that were in arguments so trust me i'm not sitting here and saying like oh deal with that don't be up that's totally okay like that's a perfect environment to live in i'm not saying that i would want you to move out but we would do it in a smart way you put yourself in what is going to be just as stressful a situation if not even more it's a different kind of stress it's different yeah it's different and one that you haven't felt it yet though because a lot of it's going on debt and debt comes to get you you're you're kicking the can down the road And trust me, if like if I could live with my mom or my dad right now and then go to school, save up and do everything like that, I would like I so want that for myself.

44:20And like but it just. Why does the brother have to live there? His financial situation is also. He's not anywhere where he needs to be to be able to like financially support himself. and then the four kids okay again i'm not i'm not against it you know i play devil's advocate to a lot of different things it's not like i'm just saying you're a piece of shit or anything like that i'm not even close i want you to do really well you deserve to do well as a human being you just have to put work into it um we we would have done it in a very different way but now you're in this way anyway but then you only work 36 hours a week at like the lowest like type of wage you can get an office so it's just like i don't know there's a there's so many options you can have whether that's live at home or where let's make more money you get a second job or get a better job there's like but you're doing none of it you're just sitting and accepting and that is not good i needed to have this conversation because okay my next step can be finding a better job one that pays better but um yeah as far as the like moving out i think that was something that kind of had to be done i felt like i was at when did you move out almost a year ago okay so you're 22 have you done school at all college when i was fresh out of high school you went to college i did i wasn't i didn't have any goals as far as okay you know what i wanted in a degree more so going just because my mom wants me to go um but i know if i were to go back now i have some ambition and I know what I want to do.

46:01Okay. But. In that field, food nutritionist, nutritionist, specialist, whatever,$59 ,000 is the median income for that in the Austin, Texas area. And I like. Which is certainly better than you make now. I really would love to go and be like a dietician, but they just raise the requirements for that. You need a master's degree. Okay. $1 ,000 a semester for two years. you could do that if we literally just put any effort into just working a bit more okay

46:36it's this card's ridiculous what do you think it's worth um credit karma valued it at like 12 000 yeah we're seeing about 14 private sale so what i'm considering and uh this i'm not going to say for certain whether or not you should i would actually want you to get some a little outside advice here on this one but one thing i'm considering is dude maybe you sell this and you owe four thousand dollars on it and drive that car that's sitting at your dad's place if it's still working and it's in good condition it's gonna last for a while even though i'm sure it takes forever to cool down even though yeah it might not last for another the ac works pretty good okay even though it might not last for another hundred thousand miles it sounds like you're chilling in the austin area anyway so you're just driving around town like my reasoning behind that was um so the car that i had you know it needed some repairs it needs like maintenance things that need to be done that are going to cost a few thousand um and then i didn't know how long the car was going to last after you know i do those things so my thinking here was like i was financially stable um so doing this you know it's got the warranty it's got everything well though you still have the same job right at this no no how much are you making at this point 15 000 a year no 16 an hour okay so worse than you thought you could get a 20 000 car that doesn't make sense just because you have minimal overhead doesn't mean that this makes sense for that income anyway so i want to correct that logic as well it did at the time no but it doesn't make sense it does i need to correct that logic because i don't want you to be in a place at some point where for whatever reason your overhead's small but you're making 30 000 a year and you think you can get a 40 000 car that doesn't make sense There is an income to car, you know, ratio that actually makes sense in terms of what is the payment period on this?

48:2272 months? 84 months? I think 84. No, actually. It's rare to get one of those. I'm two years in. Wow. Incredible. Yeah, and that's why the payments were where they're at. You did that so you could afford it. Yeah, and that was my first big purchase. That was a terrible idea. Well, now I know. You didn't know before this conversation? Actually? Not at the time of purchase. No, but before this conversation. Oh, okay. But at the time of purchase, that was my first. Walmart. See? You like Walmart. You can do the pickup there. Yeah. Easy. $699.19 with the$28 minimum of the payment. transactions are blacked out for some reason um oh it was 59 dollars of transactions though and they were all at walmart one looks like a purchase potentially though okay trying to remember so i mean you went and spent more of course than the minimum monthly payment uh so and then 18 hours of interest so again we're spending on a card that we can't pay off and is a growing interest and we put more towards it than a minimum monthly payment in terms of adding to the balance it's not very smart even if it is groceries is it groceries walmart walmart is usually groceries i don't mind going into walmart for groceries i prefer walmart as opposed to heb as far as environment environment yeah heb stressful you're delicate heb is stressful but i also i grocery store i worked there for for a while too so maybe it's okay we'll work atmosphere maybe i need to have i mean i i i i i have empathy for a lot of things but i just and i do have empathy of someone like has a panic disorder by like leaving their place or something you know uh and going out in public but i'm just like there is a part of me that is worried just like if we cannot handle going to a grocery store how are we going to survive for the other hopefully 70 years you have

50:50Okay 31.99 % interest on this card For me I didn't know that I didn't know that it was that high You're not a credit card person You're young enough to take advantage of the rewards That Fizz offers anyway So just use the Fizz card Fizz I'll get you set up with it After the show It's a charge card though so you can't like like a secured credit kind of thing yeah pretty similar okay but you can't do this the way you're doing it payless cotton white is this what you already paid or is this another one that's what i paid they said they accepted my insurance when i went and then apparently i mean did you make your co-pay yes i paid my co-pay deductible did you meet it yeah it was the end of the year okay and so i don't know why i got stuck with that did you talk to your insurance bill no i tried to call them and calling insurance is like a whole don't do this again whole thing don't do this again they said they accepted it i don't know why you're acting like you can't do anything they're out of network you can't you can't call insurance now i know it's a pain to sit on the phone with an operator computer for a while if you want an outcome sometimes you have to do things and but i did go online and apparently it says online that they don't accept it even though they told me that you said it was on network yeah they're not in network if baylor scott and white isn't in network you should change insurances immediately because baylor scott and white is like half the hospitals awesome so like I would switch providers if that's an option.

52:42I don't know. Well, maybe if I get a better job. Yeah. Yeah. Okay. Oh, I made it to checking. $2 ,000. Was$2 ,000 in your checking? Not right now. My rent came out. Rent, car, insurance. PayPal, education,$20. What's that? That's Air One radio station. It's a Christian radio station. You can't afford that. You can't afford that. And there's something else on there. I have no idea what it is. Dude, go to any fire pit in the country. Someone's going to be singing Christian songs with an acoustic guitar. Okay? Just do that instead of a$20 a month subscription. It's not a subscription. It's a donation.

53:28Then you really can't do it. Donate to your future. Then you can give more. That's the fun part. The quicker you get out of debt, the quicker you have an emergency fund, the quicker you start contributing to your retirement, the better off you are in that actually you end up having more to be able to give it's really cool it doesn't make sense to give when you can't even afford to live so i like the giving spirit i like the giving the spirit i love donating and that was another thing that i had started when i was still at home um donations it's a like a monthly thing so it's a subscription okay

54:02going inside getting some bull and go fund me we're going funding something instead of funding your existence okay great that's great we're getting some frozen yogurt recurring play pay something on paypal oh are those the glasses glasses okay how much were those things so i get them from zenni.com they're pretty affordable cool but once you get the lenses and everything yeah so my question is how much are they were they 80 okay and you had you finance that yes for now you know if you didn't go fund me or do the donations you may have been able to actually just buy them what's smug mug so that's uh my photo account um i used to do photography okay so that's like my portfolio and then if to google drive to unsubscribe from it it deletes your entire like download them first i've got a chromebook they don't you can't download things on chromebook chromebooks are weird what are you telling me you literally cannot download images on a chromebook i've never used one are you gonna make me google this the you can download things the process is a little what about like a flash drive that's a good idea usba flash drive yeah chromebooks are and that's also yeah they're pieces i don't know when anyone gets them but uh you can open and save many types of files on your chromebook like documents pdfs images and media okay good just saved you 1066 a month when inside got some bull when inside got some bull when inside got some bull that's pretty much it you stop in stores and just get some

56:05also just go to a library for what the computer yes it's free you live in austin you can download the images and send them to yourself and upload them to a drive i've never thought of that there's so many things all again all you have to do is literally put in effort that is the moral of your story put in a single ounce of effort more than you're already doing and magical things can happen all right it's crazy how that works i know i'm dogging on you and i'm sure there's gonna be some upset commenters especially on certain platforms but it's i have empathy for so many things for so many people on the show one thing that i struggle to have empathy for is when someone's in a situation they can get out of if they put a little bit of effort into it and then they don't want to because they get tired.

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58:20It's like having a financial audit wizard in your pocket. So if you're ready to ditch those digital taquitos and invest in tools that make a real difference, head over to the link in the description below and check out the latest deals. Trust me, your future self and your wallet will thank you. In terms of your spending, would you believe it? Then you better, because it is reality. If I told you that, of course, payroll in was 2059 as we talked, but money that went out net was 2 ,736 including debts going up so because of that spending number now this isn't your percentage of income but percentage of spending 36.5 went 36.5 went to housing or 998 589 or 20.8 percent went to transportation necessary food 325 and 11.9 percent include all the miscellaneous bull food um unknown shopping an additional 10 ish rounded and medical health care probably the vet stuff the pill you had 9.7 7.2 percent of the large purchases 13.2 percent let's see if they're necessary uh yes there's that was one of the vet things the health thing was you paying back your debt the pharmacy fine paypal we know where that went to that was bad uh zellen who knows who you zeld and then the rest was yeah for animals do you have anything in retirement no no literally that extra 300 that you spent or whatever buy the s p 500 a low-cost index fund through muumuu and what would that do can open that account you throw that in there i don't know 300 a month retirement is that something that you set up yourself i don't i don't know a lot about well it sounds like your workplace is small so they might not offer i don't think we have um they could save some tax money on it uh if they actually did but either way you could open a Roth IRA through any most investment platforms and that contribution limit is six thousand five hundred dollars a year right now and with that when you're with your Roth IRA your money is taxed on on the way in but all the growth that happens over the compounding years you're able to withdraw 59 and a half tax and penalty free yeah that's a different conversation again you are going to go through our investing class well you'll have the option to you really should take it because we we teach all about all that stuff