Failed OF “Model” Is A Literal Clown | Financial Audit

0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube.

0:30My name is Tabby. I'm 26. I'm from Houston, Texas, and this is Financial Audit. Thanks for coming over from Houston. What do you do for a living there? So I am a manager at a bar near the... Near the... Near the... Okay, cool. Which could make money, but I bet it's a pretty seasonal job. Is this hourly? Is this... So it's... I make an hourly plus tips. What's your hourly? $5 an hour. The manager makes tips? Yes. Because I'm a lead slash manager. So make$5 an hour and then I get part of tip share. Okay. Now, obviously, you'd get federal minimum wage if your tips don't equal above that. But I assume they always do.

1:15So it looks like the payroll that came in this previous month was$2 ,178. Yes. Does that sound about right? Is that an average month? Yeah. Okay. And how many hours did you work for that? I want to say total it was about 65. Yeah, about 65 for two weeks. Oh, okay. Yeah. For two weeks. Okay. I was going to say. Man, I wish that was weekly. Well, not 65 hours for two thousand. Yeah, but okay. And how much of that is cash? No cash on that one. Cash is straight to my pocket and I don't. Okay, so we don't even know how much. No. I just guesstimate how much I make cash. How much do you make extra in cash?

2:00Probably about, I want to say about 300 every two weeks. Okay, so it's really not boosting it that much. So 2 ,478, so 2 ,500. You're probably not claiming that cash anyway. All right, well, how are we living on, how does, well, I guess, I mean, that's, 2000 well you said every two weeks 300 right okay so 2700 let's say 2700 2800 how do you feel living off of that decent i want it to be better but i'm surviving right now that's all i can really ask for what does survival look like right now off of like 32 000 bucks a year um my bills are paid and and i can eat i mean you have collections usually that means bills were not paid certain bills were not paid okay so bills are not paid yes but ones that count like rent um my card note stuff like that they are paid okay and i see facebook pay nine Yeah.

3:16I have digital creator status on Facebook. So I had a post that went viral. So I made like nine bucks off of it. It goes viral and you made nine whole dollars. Yep. Is it a video post? No, it was just text. It was a screenshot from a dating app. You get paid for that. Wow. For just a picture. So it's not even a video. That's interesting. I'm sure some people can make some good money off of that if you do it repeatedly. Oh, yeah. And then cash check deposit of$114.

3:45oh so that was i did put some cash into um my bank account okay yes all right so what's going on today you don't have a ton of documents yeah but what's going on because each of them are certainly interesting that's for sure yeah so yeah biggest picture is i do have a lot of debt between my car and between personal loans i've taken out and you know with my collections and and also with my student loans. The biggest thing, the reason why I did come on the show is because I do need help figuring out how to pay for school because obviously - Yes, I want to go back to college. You want to go back to college.

4:24Yes. Have you done any college? I did like a couple months and one semester at a college and I had a, so what happened was I got a partial scholarship from this one school. It was for wrestling. um i got a wrestling yes yes kick my if i make you too angry yes very much so i'll be aware yes um so i got this partial scholarship so i decided to go to this school my producer's yes i got you thank you yes well wwe over here i got you um so i went to the school and it was a week before nationals and we were at practice and i tore everything in my shoulder yes um so essentially that was the end of my wrestling career so i decided to pack up and just move back home because i didn't want to stay is that in houston no so this this school um houston is not home so i've only been in houston for about four years i'm originally fromst louis missouri oh yes interesting so yeah i moved here and uh moved to houston in august of 2020 20 and it was the craziest life decision i ever made um it was it was definitely a manic episode really yes okay yes like this is like a story to tell um so i'll get into it now because okay okay because my brain's gonna forget it if we jump around so basically what happened is that those nails are wild thank you that's well okay yes um you'll see how much those cost me in that report too yes um that's a whole nother conversation though anyway so um basically how i moved to houston was i in lay manic episode took a job transfer to um the company i was working for had a job opening down here in houston so i took it i found an apartment sold my car i had bought a new car and moved down here in three weeks i just packed up my life and just moved i did the same thing to austin yes not in a manic episode i got a job offer but yeah that doesn't necessarily mean it's a bad thing yeah no no it was the best decision i ever made but at the time there were no thoughts just move okay yes sure so self-assessment let's do a financial score zero being the worst 10 being the best where do you think you're at today probably like a two two okay so definitely on the low end for sure why do you think you're two because i have a horrible shopping addiction really yes like okay crippling shopping addiction um crippling yeah what have you sought help if i could afford a therapist i don't feel like i would be here yes with how many hours you work i don't know do you get health insurance to work okay have you checked out the exchanges so i have i do have i've purchased a um dental low enough i know so i've looked into it it's still like 100 um 150 a month yeah which is a lot of money yeah but that's it's that would be five percent of your income to literally you don't have health insurance right now no but i have that could completely you it's really not an option i mean it already has but i'm at this well because if i had health insurance i want to be in a lot of medical debt okay yes yeah i mean that's something that unfortunately we don't yes you technically get to choose but really you don't because you need it dude you'll yourself any other sources of income here because we're not bringing in much i don't know how you're surviving so i do have only um but it is yeah i have uh my own of account um but it's a pure passive income i make about extra like 200 a month i haven't posted since 2021 so it's purely passive 200 without even doing anything for three years yeah so just subscribers who forgot to cancel no that they still enjoy my content they'll still message me and they'll be like i love seeing your videos stuff like that the world's a weird place yeah yeah so that's extra 200 a month and you stopped because you no longer want to do it well so back in 2022 um came out with these um restriction uh basically if you wanted to post content with somebody else they had to have an account and most of my content was with people who i were either hookups or were people i was dating at the time and stuff so it really put a stop to put posting certain content and then the certain content i like that type of content was the one that made me the most money so i'm like i don't even want to post solo content intent anymore so i just stopped so now i just make passive income off of it i mean yeah but 300 bucks it's not really okay okay okay i mean it's literally free money sure but like we're not really pushing the needle i was hoping we'd have some extra income extra job extra something that's like that's all yeah it is money but it's okay and then i'm also a freelance interior designer too Oh, okay.

9:48So it keeps going. Yeah. So I have, every so often I do pick up a job here and there, you know, a couple extra hundred dollars, you know, someone needs me three, four hours to help them pick out tile, help them pick out furniture, stuff like that. Nothing steady. The last few months of construction have been really, really bad. A couple of months ago, I lost my job that I was working through a construction company who was working as an interior designer and a sales rep. company went under because we weren't making any sales with how bad the economy was in houston with construction um with residential okay so i lost my job and this is why i have this job now all right yeah cool so let's talk about your first step what the even is what are you trying to lease to own um so i went to best buy and oh yes um so i bought a computer i bought a nintendo switch and i bought apple watch all at the same time yeah that at least you're wearing it people come on the show and they have the finance and they don't even yep how much was the computer then if this was the two thousand dollar purchase but you got a sample watch and a switch yeah and the computer yep yeah yeah so how much was the computer then uh it was four hundred and ninety five kind of computers four hundred dollars is it a chromebook one that was on sale it was originally 900 is it usable okay yeah i got it to use to be able to use with my design software and stuff like that oh oh oh wait i want to make sure i'm reading this right am i understanding this to say that it only costs 907 for all of it yeah but you're gonna pay a total of 2011 dollars yeah i haven't made a single payment on it yet are you doing this is the most insane thing ever for a laptop you completely negated getting a laptop on sale you're paying an extra one thousand one hundred three dollars what is this why'd you get like a best buy credit card if you're gonna do something this stupid um i didn't get approved for a best buy credit card so that was the next best option yes no the next best option would be don't get it well i did unfortunately need the computer for a job that yeah but how much you really making on that huh how much did you make so i bought it for a job that required the computer and then i left the job like a month later and yeah so i didn't make any money off of it because i haven't had to also i haven't had a single design consultation since i bought it so so you didn't need it also just go to the library i know houston has some yes no i mean i do use it to stream on twitch and stuff like that oh my gosh you do like so many things this is a 121 interest rate right am i right am i doing that math right like this is insane that's insane this is a payday loan version of a best buy thing this is crazy yeah this is insane and you don't even how much do you make off of streaming nothing because i just do it for fun hobby yes 120 interest rate hobby that does not make sense and i'm not saying you shouldn't stream don't get me wrong i've been considering streaming myself for a long time and i just haven't because i'm scared but that's an insane you 121 interest rate of death wait okay when was the first payment do that you haven't paid um april i think what are you why why why haven't you paid that's just irresponsible that's just wait you told me you lied you lied congratulations you lied did you know you lied did you know you lied uh did you know you lied because you lied you said i pay my bills my bills are paid i don't consider that a bill what the are you talking about how do you not consider that a bill it's what what are you talking about it's more so i consider bills right now for lay survival what yes so like rent so you go into any amount of debt borrow anything take out mortgage take out car loans take out any kind of debt ever and you think because it's something a contract that you signed but it doesn't mean life or death you don't have to pay it that's what you think that's what you think that is that's what you think bills are that's what you think living is that's what you think financial security is at this point yes how explain yourself because that's some bull well what's the minimum monthly payment how about that how about that let's see if this is affordable to you or not huh how much so it's supposed to be 83 every two weeks okay i think you can afford that again that's five percent of your income yeah Yeah.

14:38So. Do you not understand how that's, I mean, that's, that pisses me off. That's legitimately upsetting. That's just irresponsibility. Yeah. It's disgusting. You make half that from your only doing nothing. So what the. Yeah. I've kind of been ignoring it. Yes. No. What? No. Why do you think I'm just, why do you think I'm reacting this? I know. That wasn't an answer. This is also why I kind of do need help because I... Okay, let me help you. Pay the f***ing bill. Guys, I know you can't smell me through this computer screen, but something that you must know about me is that I love to make sure that I'm always smelling fresh.

15:19And to smell fresh, you don't have to spend a lot of money. That being said, let me tell you about Scentbird, the ultimate subscription service that lets you experiment with new scents every month. Imagine having access to over 700 fragrances, including big names like Prada, Burberry, Versace, and Niche, even labels like Perfumes de Marley, and Roja. For just$8 your first month and$16.95 thereafter, you get a 30-day supply of a new fragrance delivered right to your door and is cheaper than those tiny travel sizes at the store. And what's even better, you're not stuck with just one scent. You can change it up every single month, so if you're feeling floral in June and spicy in July, Scentbird has got you covered.

16:02Their convenient packaging makes it easy to throw it in your gym bag or travel with. But Scentbird isn't just about smelling good. It's about learning and connecting with a vibrant community of fragrance enthusiasts. If you're looking to find your signature scent without the financial risk, Scentbird is the way to go. Avoid the disappointment of spending way too much money on a full-size bottle you end up hating. Plus, their personalized quiz helps you better discover your fragrances tailored to your taste. To get started with Semper today, use my code Caleb or the link in the description below to get 55 % off.

16:35That's just over$7 for your first month. And trust me, it's honestly a steal for what you're getting. What do you think? What would I say? I know, but more so of like a lay budget because I have no idea. Like I have no idea what's what's coming in what's going out it's hard for me to sit down and think about this shopling addiction why would you sat down and budgeted why haven't you okay just like anyone that comes on the show you get our budgeting program for free go through the education take the quizzes obviously i am going to help you diagnose where spending is and create you a rough budget at the end so we can talk about that payoff strategy but go through the educational program just like anyone else can go through do that you also get our investing program for free which is which is great because it means you get literally a hundred dollars that i give you for taking it yeah so thanks to muumuu our boys love them but so do that will help you with the educational part and i'll help you understand where you're spending is going but this is crazy this is crazy and at the time it seemed like something i needed to do because i did need the laptop but if you don't know what a f***ing 120 % interest rate death of debt is, feel free to come on the show, CalebHammer.com slash apply.

17:52So, I know the interest rate is really bad and I do regret getting it. Well, that's good. But. But you're not paying your payment. That's what kills me. Yeah, no, I am not. And I will gladly own up to that. But. Do something. That's what I'm here for. This, I don't, I don't, I can't, I can't make you do a payment i'm not a magical cure to doing a payment if you wanted to pay this if you wanted to be an adult if you wanted to be responsible you could have done this it's hard for me to sit down and envision myself giving this money away like it's where this money coming from and stuff like that this is i've you borrowed it you signed a contract when i tell you i've never created a budget in my adult life i've never created a budget in my adult life why haven't you tried i've tried but it's never worked out because i always felt when i sat there and i created it that it gets disheartening when you sit down and you look at a budget and your expenses are more than what you're making sure so you you're part of how many of those expenses were a choice that you were doing that you could cut back on at the time unfortunately it was not because my rent and at the time what's at the time so at the time i was getting a wage garnishment from the government for my student loans yes when was this this was back uh before 2020 it was back in 2019 this is forever ago okay that's ancient history now why haven't you tried to make a budget since then um no offense but i don't really care about 2019 what you did in 2019 does not define you today that's so many years i've been kind of living in a kind of a brain fog when it comes to money kind of survival mode just trying to like not not think about it just try to survive and just hope for the best isn't that decreasing your chance of surviving yeah i know but at the time when you're trying to do that trying to do what trying to survive you don't see it that way you're just trying to but wouldn't trying to survive meaning putting any kind of action behind it you're putting your head in the sand that's not trying to survive well not so much so during this time of survival i was working two jobs 17 hour days 18 hour days just to keep my head above sand so whenever bills came up i paid them good but it was more so debts debts went to the side that was bills i know but it was more so surviving being able to keep food in my stomach being able to pay my rent being able to make sure i have and that does come first Don't get me wrong.

20:32But something tells me you may have gone out to eat and shopped on top of that. Not as much as I am now. How's it? Why has it gotten worse? Just because I have started to make more money. So I'm like, oh, I have this money to spend. Yeah. You've inflated. Very much so. And so I'm like, oh, I make more money. So I'm like, let me spend more money. Like, what was it? $36 ,000 a year. It's not like you're making an insane amount of money. I know. that's not an income shame it's just the reality and it but compared to what i used to make how much you're spending on just insanity i mean going out to eat is 6.4 percent of your spending going and getting your bull shopping addictions is 13.6 percent of your spending that's crazy i mean that's those are insane percentages when you literally are not paying your bills so total that came in was 2 300 how much do you think you spent what went out i want to say about 2 600 it's close so the fact that you think okay i'll tell you the number first 2 494 so it is more obviously almost like 200 hours more than you brought in but the fact that you thought it was 300 more than you brought in you are already kind of aware yeah i'm very much aware of my spending habits but no actions no okay so we have this i'm sure they're hounding you down five times a day they're calling me okay have not answered a single phone call you're considering going to school how are you going to pay for school if you can't even pay a little bill like this because what are you going to school for uh construction management oh okay that's cool yes so i want to become a project manager and then move up to superintendent and the goal is within the next 10 years of my life to eventually own my own construction company okay yeah okay so well i'm trying to get myself out of the hole i dug myself into you're gonna manage your own like basic personal finances like you gotta you do have a lot to learn before i'd once you're managing business finances but you still are you gonna pay for school is this a bachelor degree no associates two years at a community college so it's 83 credit hour so i'm trying to figure out how i can pay for that out of pocket how much is it per semester so it's it's 83 per credit hour and it's about 14 credit hours per semester that's really that's that's super easy you could do that if you want to but i mean right now again you're spending 200 more than you make always happy to gift any guests down here a course careers tech certificate but obviously that's not tech but if you ever want that to add your resume just let me know okay is this the same lease to own that we already saw yes okay yeah and that's

23:36yeah okay cool there's your bi-weekly payment rough and it's over the course of a year and it would be paid off. But you haven't made it any pay. No, I have not. And so there was a 90-day buyout for it. If you paid it within 90 days, it was just the amount that you paid. It was about the$991 if I paid it within 90 days. So we're creeping up on the 90 days. So now it will go automatically to the 12 months. Yeah. i i don't understand why you it didn't put any effort it just became a back thought okay i still okay i still think it's your no oh man i just learned something so let's jump into that that wait a what is this car yes it is can we get like extra confirmation on that because 2013 chevy spark um so let me give you the rundown on this thing okay so i bought this car and well i'm went to buy here pay here place and okay uh october of 2022 and so this place the reason i went to this one because i only had 700 to put down for this car because i needed car was without a car had five car accidents prior oh my what are you why yes um all all only one was my fault the other four were faults of other people okay but the one car accident that was my fault was i was the only person involved and was that the fifth one uh no that was actually the fourth one okay did insurance cover the fifth one um no so the fifth one was a car caught on fire while i was driving it oh yeah it it was done for you didn't have any insurance necessary for that so i paid that car cash and it caught on fire three days later okay so you went and got this car yep yes and um so back in october 2022 i went and got this car um the you can see how much it was for if i were to cash it out fifteen thousand dollars but i financed it in twenty $23 ,000.

26:02You're f***ing. Nope. Yep. $23 ,000. What's owed on it today? That's, oh my gosh, okay. What's owed on it today? Oh, they just, they f***ed you so hard you have no idea. Oh, yeah. No, you don't. You don't know yet. You don't know yet. So the way they set up the loan is. I know yet. It is guaranteed to be paid off in 2027. Can't kill me now. It was a seven-year loan. Okay. Oh, wait. 2022? 2027 so i bought it in october 2022 and oh five years yes um it's actually oddly not the worst for the show what's the interest rate uh 28 oh not my worst not my worst no i saw 110 earlier yeah that doesn't mean 28 is good what is owed on this car it's still without the principal balance on it is twelve thousand dollars the with paid off half with the interest so they only what's the total load well they won't tell me the total amount with interest when i go to pay make my payments on it it shows as twelve thousand dollars okay but not what's interest accrued on top of it yeah so okay all right i'm seeing thirteen thousand dollars yeah are you sure sure about what?

27:23That I bought it for $23 ,000? Yes. So, the company, the loan was sold to a different company. So we don't even know how this is paid. Okay. And when it was sold to a different company, this is the amount it dropped down to. What's your minimum monthly car payment? $135 a week. A week? Yes. Oh my gosh, I haven't had one of those since like the third episode I ever recorded. I mean, they just... I just heard one of them almost have just a financial organ back there because of how insane that is. That's insane.

28:00$540 a month. Which, again, you breaking it down by week is what makes it crazier. That's how they make it digestible for you.

28:13Now, what's the condition of the car? It has no AC. I mean, it could just be recharged. maybe no it needs a whole new oh sure whole new thing um so no ac um has 130 000 miles on it the car only lasts about 150 000 miles so in probably about another condition of the car though poor okay yes so we've taken that in account and got your valuation what do you think this car is worth that you owe anywhere from 13 to 20 000 on car maybe it's worth five thousand this blew my mind and i'm gonna blow my own mind out 1 ,389 and you owe potentially 20 ,000 lowest 13 yes yeah this is the most underwater insane car yes you're paying a third of the car's value in a monthly payment oh yeah every month this car is a car that should have never been created there's not even anything you know do because i also don't have insurance on the car either well that's illegal that's illegal so the dealership has an insurance policy on the car no that's i don't think no no but you're not insured so i don't have liability on the car but if anything were to happen to the car it would be paid off anything at all mechanical yeah they have some gap yes so the in if anything happens to the car itself it's taken care of that's the matter though it's still illegal for you not to have insurance yes i what is it with people admitting to breaking the law on this show is this just like i am absolutely aware that i do not have insurance i am working on it working on it how long have you had this car two years what do you mean working on it i don't see any working i just don't working on it happening just don't working on it i don't see working i've had lapses in insurance so there have been times where i've had insurance and there have been times i've had not had insurance and now one of these times is just when I do not have insurance.

30:11Is it collateral protection damage? For insurance that they have on you? Like what? It's insurance on the car. So it's only to cover the car if it's not to cover me. So if I cause any damages to anything else. But what will it cover up to? The loan balance? Yes. Are you sure? Yes. It's going to take care of the car outright. Because once the car is gone, they said once the car is gone, it's done. It's gapped there? Okay. But that's the only thing it covers is just the car. It won't cover if I crash into anything or hurt anybody or anything like that. It only takes care of the car itself. I would drive in a massive circle around Houston 24 hours a day for a little while and let it no longer work if that's the case.

31:02We are entering hurricane season. But I'm literally taking your word on that. I'm taking your word on that. And these people obviously f*** you. I don't know why they would do that for you. It's more so for the car. Because once the car is gone, it's done. There's no reason for them to keep collecting payments on it. That doesn't make sense, honestly, for their perspective, though. They want to make money. Doesn't matter if the car exists or not. If you took out a loan, they want their money. i i i really don't think you that's just what i don't know exactly yes what they that's what they told me when i signed the paperwork are you sure you fully understood it though it was back in october 2022 and i have no longer access i literally contacted the company that has the loan out for the papers my contract and that's that's the only thing they sent was that right there that's what said that they said that's the only thing that they could give me yeah but the loan company are are they the one that has this doesn't make and make sense i honestly think you're kind of on this thing if i had to guess but it is a guess because i really don't think unless there's also what if you hit someone on the way home today what if you're gonna crash there you know it's a lot of driving i know and it does haunt me the fact that i don't have insurance uh so maybe you should have gotten insurance it's just a lapse in coverage lapse in coverage how long has the lapse been um it ended i want to say in february that's not a lapse that's a gaping hole i've gone a lot longer without it so that makes this okay because you were even more aggressively stupid in the past it's more so not having the money to pay for it it's not having the money to pay for it quick reminder 6.4 percent of your spending went to going out to eat about 14 went to going and getting clothing an additional nine percent to just other things that don't really matter at the time say it again at the time money in february you can't afford it that way because you don't have enough money everywhere i don't give a fuck we're not in february guess what month or in June well that's the spending from last month so what about last month so which was not February February is when I lost insurance oh we're still gonna talk about February yes because it does play into this so I lost the insurance in February because that's when I lost my job and had been without a job for about two months and so now just going back to work and being able to finally catch up and getting everything squared away I do owe the only company that will accept me is progressive which is the company i've had for years now so i do owe them a chunk of money um that i've been trying to get up so i could get insurance again i'm still very concerned on this situation and your lack of understanding you don't even know like what the actual loan is right now no i do not this wasn't from the loan this looks like the purchase agreement yes that is the only thing i have because it's the only thing they sent me The lien amount was only$15 ,000.

34:22So I don't know where you got the$23 ,000 for. That's what it was financed for. I tried to get them to send me the financing paperwork, and they told me they could not. They couldn't. No. And you know they own the loan? Yes, because it's who I pay to for every... That's who I pay every week. Is that legal, even? I don't know. I don't know. I don't know how buy here, pay here works in Texas and stuff like that. But they sold the loan, though, you said. Yeah. the company i bought the car from sold the loan to a different financial company yeah happens all the time yes so i don't know what if they fixed the interest rate if they were just playing on the principal i have no idea because they basically sold the loan out from underneath me and they said hey here there's your new loan provider i don't know the situation on it but i've asked them and they haven't been able to send me anything on it do you at least know what the insurance is called it's oh now i can at least look into it for you i don't know it off the top of my head but i can find out because it really just doesn't make sense it really just doesn't make sense and maybe i'm missing something here and i'm dumb and trust me they'll let me know in the comments but i really think you just misunderstood this they're trying to look into your situation right now and give us a little bit of more information on this because you know we're conversating and they're

35:47okay but until then we'll move on that car i wouldn't even know how you'd get out of that car i'm just hoping to ride it till it dies

36:01yeah you were just burping every you just can't stop burping i am sorry i am sorry it's okay um get into the mic for the weirdos out there yes they're into that you know i or save that for your special platform yes um so with this loan i am really hoping that the major thing with her is that she does have some issues with her alignment and the rotors and the brakes and stuff like that and the ac but other than that she is drivable other than uh barely being drivable it's technically drivable yes it gets money to point a and point b and how long until she dies until she dies because unfortunately i can't really afford anything else so i just i gotta ride her till she dies so is it collateral collateral protection insurance i'm not exactly sure well it usually protects the lender's interest in this case it could potentially be that yeah it's essentially protecting the lender against the risk of a borrower not maintaining the required insurance coverage on the vehicle which you're not and if the borrower fails to maintain comprehensive and collision insurance which you don't the lender can purchase cpi because they know you are ridiculous on this okay yeah so as far as we can tell based on the very limited information remember we're going off of limited information i wish we had more because i'm sure this is easy to judge right now we're giving nothing here right now it's unlikely that the financier will forgive the loan if the car stops working or if involved in an accident typically loan forgiveness would only occur under specific circumstances such as a total loss due to an accident and even then it would depend on the terms of any insurance like gap guaranteed asset protection coverage you may have which you do not have so i shall get insurance but like insurances aren't necessarily recool could she be denied for gap because like i mean with where you're at like i wouldn't insure you why would i as a business why the f could i do that like i'd give you you know just regular general liability sure but yeah that's with the they did explain to me when i did get this that all i was required to maintain was liability oh yeah that's yeah that's the legal part but when i in texas so when i did purchase the insurance um and when i did have it i did have gap insurance with it too liability plus gas yes but because you stopped paying or because the policy ran out because i stopped paying you're killing me here dude you're killing me here okay what the fuck am i looking at this so cash app does this thing where it allows you to borrow money from um essentially from them um i am into that i'm in debt to them right now to cash out yes yes um it's i'm disgusted i you know in your application which we review before people came on you were literally bragging about not being in credit card debt that's the most ridiculous car situation i've seen in at least a year on the show you owe money to cash app you have collections coming up and you're having student loans garnished before and you have a payday loan on a best buy thing i would rather you have a credit card instead of that so how the f*** are you bragging about that to us like what is happening because i am very thankful i've never had a credit card in my life because i know this is worse so to me it's not a lot worse because with credit card debt i could be in a lot more debt than i am right now because of how bad my spending addiction is potentially true yes okay i can okay i can i i see a point there there is a point there where you would have had probably higher balances that's that is true that is true but an interest rate at 32 cannot be compared to an interest rate at 120 you're not going to get 120 on a credit card even like the most evil credit cards yes 35 but if if a credit card company was to give me a credit limit of yes exactly so it's it's good that you don't have credit i'm happy trust me i'm happy that you don't have credit cards it was just weird that you were like bragging and that's why i am because i've been so yeah you're bragging about being in credit card debt because you just don't have a credit card if you had a credit card you would be in credit card debt it's not like you have a credit card and that's why i'm bragging that i don't have a credit card because i know myself and I know I'd be in credit card debt.

40:40So I'm very proud of myself for not putting myself into that debt. Okay. I have an exciting channel announcement and it's one of the most exciting things we've done so far. By popular demand, we've launched a new tier to our channel memberships. There you'll get an exclusive audit that can't be found anywhere else. It's ad free and completely uncensored on the first Tuesday of every month. On the second and fourth Tuesday of every month, myself and members of the company will be doing exclusive member live streams where we hang out with you and talk about whatever you want to live. And finally, on the third Tuesday of every month, we'll be posting a new behind the scenes podcast called Crewcast, where we'll be discussing everything behind the scenes at Hammer Media.

41:19And of course, this new tier gets access to all the badges, emojis, and the financial audit post show. This is honestly going to be really fun, and I'm super excited. And we kicked it off this week with an exclusive couples audit and an updated office tour since we've expanded so quickly. Check it out. Link in the description below and in the pinned comment i'm not even gonna recommend the normal fizz card to you because it's a charge card which means you'll be forced to pay and i don't even trust you with that no for most people i do but no i do not trust myself either at all okay no one wants to give you a sticker like i i don't trust myself with my financials at all any pretty much any money i've ever been given has been spent okay how much money given um i mean given so like family what is this reaction um what are you doing um so a couple years ago my dad won the lottery story what yes what did he get uh fifty thousand dollars good for him and i got thirty thousand of that whoa generous guy yes over the course of about a year or so and in addition to that thirty thousand he has also given me additional about fifteen thousand dollars just out of his because he owns a construction company so if i need money i will business when did you get this um it's been it hasn't didn't come in as a big sum so a couple thousand here though um actually 40 45 000 over gross of since 2021 all together but when was the last he sent me a hundred dollars for my birthday on saturday okay when was the last real chunk though last real chunk if we're getting up to that much money it's not coming in hundred dollar increments um last big chunk is i mean he's paid bills for me paid stuff off for me last real chunk he sent to me was 3 500 when uh back in 2022 where the did that money go where did 40 000 go well that 30 joke do you have investments no i don't have and you're not making your literal minimum monthly payments on your debts except for your car and i have no savings did that money go well that 3 500 went to a Where'd the$40 ,000 go?

43:44Either got help to pay bills or... So there was a time period in 2022 where I had no job, no car, nothing. And my dad supported me through that whole entire time. Enabled you through that entire time. Yes. Because without him, I would have drowned. Because I have no family here. It's just me here. Maybe you can't afford to be here. With your behavior. I tried moving back last year and it got even worse. So I moved back. The finances got worse? Yes. Because I'm making less and I was spending more. Because I was depressed so I was shopping to fix it. Okay. You need to see a therapist, dude. It's literal.

44:31Look at community programs. You live in the fourth largest city in the country. Look and see what there is for lower income people. and i've looked into it um there are i just don't meet some of the requirements i've talked to people about trying to find resources for health insurance well also you can forge your health insurance the bill the the bill that you gave me you could and then whatever copay i mean yeah the deductible is probably kind of high and you know not every therapist has insurance and some therapists are expensive or accept insurance i meant and some are expensive so don't get me wrong.

45:06It's not like it's easy, but you literally need to because here's the thing. You blew through 40 ,000 hours. Your spending got worse when you went home. Whenever you're feeling depressed, you just go and you spend and you get a shopping addiction, all this stuff. That's not just stopping. So I would rather you spend, let's say a couple hundred bucks a month, you know, 300 bucks a month on the health insurance and therapy combined, even 400. I would rather do that for, you know, a while instead of literally having the spending addiction for the rest of our life and i only do addiction because i don't really know for your situation trust me a lot of people use excuses on this show so i'm taking it lightly for now we'll see but few hundred bucks for a couple years even could save you tens and tens if not hundreds of thousands of dollars for your life so i've been in therapy for pretty much my whole entire life and not once has it ever helped me have you found the right therapist for you then i did and then she stopped practicing okay and i have not found one since then how much have you looked because i know you haven't recently i've tried like five or six since her and none of them have worked out and try five or six more unfortunately so it just it is kind of just how it works trust me i'm not saying it's easy it is not easy and it's hard because you know most therapists cost 100 150 dollars and most insurances do not have mental health coverage so that's out of pocket i'm paying to see a therapist on top of it's well usually for a lot of them they count as a specialist now a lot of uh therapists don't do insurance but i mean you can still find therapists and companies with with multiple therapists that do accept health insurance now again copay might be high your Your deductible might be high if you have a lower monthly insurance payment.

47:01So most insurance plans do not cover therapists. They'll cover psychiatrists, but they won't cover therapists. Okay, but have you, but look. I have tried. So I've had health insurance that has claimed to cover mental health, but they don't cover the therapist. They only cover the psychiatrist. So I've had to pay out of pocket for therapists. And when you're someone like me who does suffer from mental illness, you want to see a therapist once every two weeks, But if I'm paying$150 every two weeks, that's outrageous, especially when that first few sessions. But let's just pretend all that is 100 % accurate.

47:38Also, the correction is saying just as basic. Most health insurance plans do cover therapy, but the extent of coverage can vary widely depending on the specific plan and provider. You obviously need to shop the provider. You need to shop the plan. And I know on the exchanges there are a wide variety and you could do it with just a little bit of work and a little bit of research.

48:02It's hard because so. Well, OK. OK. So let me ask a follow up question then. Now what? So. We just accept it. We're just going to literally die in poverty because, oh, therapy doesn't work. Even if it did, it's impossible to find health insurance that covers it and I can't afford it. So what? we give up we're done we're not giving up oh but i when you have to go through multiple different therapists to find the one that is a right fit for you which we all have to go through yes it becomes very costly and it becomes very draining on the mental health and it turns you away from wanting to find a therapist because i've i get you yes exactly and we all have to go through that exactly but when it gets to a certain point where you can no longer afford to keep going to therapists to try to find one that works for you, you have to essentially turn away and focus on survival.

48:54You might have to pause for a bit. Yeah. But again, you're spending, what was it? 30 to 40 % of your income on bullshit. Like if we're doing that forever, you're literally going to die in poverty without a cent to your name. You know, I would rather take a few weeks off until we have enough for a copay or to pay for a full therapy appointment and see for a couple sessions that person's right for us. And if we can't immediately go see someone else until we find the right one, that's fine. We can have those gaps to save up the money if that's what is required. You're just giving up. You've given up.

49:29And if we're giving up, then there's literally no point. You may as well just tuck in under a bridge and call it. I am giving up on finding a therapist right now because my only focus is on going. Then how are you going to combat your addiction? What about a group thing? i don't know if there's that there's group things for everything so i'm sure there's something i'm sure there is and i've been doing research doing searching facebook groups searching on reddit stuff like that to try to find community support and stuff like that resources yeah sure yes um the biggest thing is right now my main focus and what i really want to work on is going back to school like i don't care about that's not going to stop your addiction and your addiction is holding you back at least according to you it is so i will say i have made improvements in my shopping recently because okay if spending 30 percent of bulls**t is considered an improvement then i'm terrified of where you were yeah it is an improvement i can't accept that yes um improvement doesn't mean it was good i mean it is better than what it was i will say because it used to be a lot worse.

50:42Where my bills weren't. Again, but I can't say this is good though. Okay, let's pretend I need to eat 2 ,000 calories a day with my activity level and my weight and my height in order to lose weight. And I was eating 2 ,500 calories a day. Eating 2 ,250 calories a day. Yes, that is an improvement. Still not good. It would be gaining weight. Yes. That doesn't mean it's good. when you're going from giving up basic survival stuff so when i i went from saying that so when i went i went from not paying my bills to feed my shopping addiction to now putting my bills at the forefront okay but not all your bills trying to put my bills at the forefront and for fitting i'm it's a lot better than it was because i would go without eating and i would go without without having okay food in my stomach and go without being basically almost borderline homeless to feed my shopping addiction and now my bills are paid in the sense of i have a place to live my car notes paid i have food in my stomach stuff like that and i'm here now to hopefully explain your shopping addiction to us um basically clothes shoes makeup that is mostly what i buy um i will say the main reason for the clothes buying is because i manic moved back to houston back in september of last year manic moved like moved in the middle of the night and found a place down here like nine months ago so yes and so i brought maybe like five pairs of clothes with me okay and so now many pairs of clothes i own so now i'm basically rebuilding my closet um why do you need a special closet because i need clothes to wear i need work clothes you said you had five five outfits yeah i need way more than that need yes i don't think you know what the word need means so if i need work clothes okay because working outfit repeat it pull the zuck the zuck wears the same thing every day he's wealthy multiple different outfits because you know because i've had worked for bosses who do get on to us and has yours your current one no my current one he's wonderful he's chill cool so we don't need to i have certain things i wear for work there i wear shorts t-shirts okay workout leggings we can probably have like five outfits for that then yeah for just work cool five for work yes wonderful so 10 total five you had for fun five for work not for fun for corporate jobs five outfits for corporate jobs five for being working outside at a bar so five for those so five for actually i had more more than five for corporate jobs because i could pull pieces from other fun stuff i had so i have more fun outfits than i have for work stuff i have probably about 20 plus fun outfits and then i have my five standard office outfits and then my five outfits i wear for uh my current job um and then i also have my workout i wear the shirt every other day the viewers can decide i don't how many outfits do you have right now in total across the board with interchangeable with shirts skirts and all that stuff probably about coming close to about 50 okay um sure yeah yeah sell 25 of them oh i'm about to dive deep into it you're about to get kicked off the show back home in missouri i have about four extra large boxes full of lows like four moving boxes from lows extra large size full of clothes cool sell those they'll eventually make it down here to houston or we could sell them i mean i'm not gonna make money i literally buy my clothes dirt cheap so i'm not gonna make any money off of them none of them literally you're not paying one of your debts from april even if you get a little bit of money for it like come on i mean i'd rather have the clothes and then i'd rather you pay your bills like an adult because you're 26 27 now oh congratulations you're more of an adult yes yeah and i feel the pressure of adulthood creeping up on me trust me we all get it i'm single at 29 kill me but yes like i don't think outfits is the solution i so i don't have a lot of left stuff left to my name the most of the stuff i have left to my name are my clothes my shoes and my makeup and stuff so it my clothes do mean a lot to me because they're what i have very left of me that's a few okay yeah you need to see a therapist and i there's nothing i i can there's nothing i can do with that so i don't know what to do there i don't know what to do there that's just and you're not even willing to like sell you're not even willing to sell i mean most of the stuff um is not going to be sellable because it has rips tears stuff like that it's stuff that's rips tears that are like easily hideable fine let's go with this then so how is the addiction all of a sudden solved it's not solved it's then how are you not adding to it because my want to go back to school to earn more money so i can keep going shopping it's not a real addiction this is something you like so not it's let's let's let's not throw words loosey-goosey because people today love throwing words around especially in buzzword twitter people throw it's a coping skill it's a coping skill aggressive words around like crazy and then you diminish what people actually deal with who have those words you know people throw around very strong words that i'm not going to say on twitter about you know a lot of different things but let's let's use your example addiction addiction is a very real thing that a lot of people and the fact that you were allowed to say that and be like oh poor me when you're just clearly just saying oh no because i want to pay for school i'm just not going to be addicted anymore essentially that's like you're not addicted You have coping skills, yes.

57:00You have behavior issues, yes. But the fact that you get to claim that word is disgusting. There are people with real issues. In fact, we've recorded with a couple. We had a gambling addict recently. And we had another addict of an episode that's not going to come up because it was sad and we wanted to help them get treatment instead of recording. But even still, that's addiction. You don't get to claim that word. some more so of a coping skill

57:32to help cope with the depression they say that's a spicy take i don't know you're not addicted so you just said oh i'm not gonna do it anymore because i want to go to school if you're able to just do that you're not addicted so like words have consequences people have forgotten what words mean i mean i do know what addiction means um i have someone very close to me who does struggle with addiction um so shopping has i don't take the word addiction lightly i meant it more so as a coping skill but i do know how strong the word addiction is because i know someone who's very close to me struggles hardcore with an actual addiction yeah i'm the only family member i've ever lost and had an alcohol addiction so that hits home and close to me so i don't like someone just claiming that word both my parents suffer with addiction too yeah okay so how much in student loans um i think it's a total a little over three thousand dollars right now you got garnished yeah for a three thousand hour loan meaning the loan was 30 bucks a month it was 50 maybe i don't yeah maybe i didn't even make payments on it okay but you are now oh wait no no you probably stopped because they weren't garnishing for a while congratulations guess what's starting up i think this month i got the notification from you got it garnishing it's happening well not garnishing they like hey you need to make your payment um i haven't logged in and if you don't they'll eventually garnish it yes oh interesting i haven't had i need to call them because i haven't had been able to get access to my account to go in there and set it up i did apply for forgiveness which they should just forgive it's three thousand dollars but that you took out and signed on the line yes i'm not even saying i'm for or against it but the fact that you just say it it's three thousand dollars just three thousand dollars but it is still three thousand dollars that you decided that the government does not deserve but you were given i did not get anything out of that three thousand dollars well that was your choice and your mistake and you're being selfish i wouldn't say it's my mistake because And also the government's all of our money, by the way.

59:51I know. Like, so it's my money. It's his money. It's your money. It's his money. It's everyone's money. It's their money. So it's not saying the government doesn't deserve it. It's all of our money. I know. It's more so the fact that, I mean, I did apply for forgiveness. Still haven't heard back on that. Forgiveness through what? For student loans. When the. When the. Oh, you didn't hear? Yeah. Yeah, 10 months ago that was struck down by the Supreme Court. But they did release something else. Talking about the save plan to lower your minimum monthly payments? Yours would probably be pretty close to zero.

1:00:27Congratulations. This week that just got stopped by some federal courts. Yeah, so I have not had access to my account to log in to see what my monthly payment is yet. I doubt that. I highly doubt that. It's managed by... Nelnet. Nelnet. I have now not. I know you have access to it. No, I literally have tried to log in. Now I'm starting to not believe you about the car thing because the fact that you're saying you don't have access to this, you don't have access to that. Because I don't. The login information I've been trying to use on it is incorrect. I just need to give them a phone call. I know.

1:01:04That's not you not being able to get into it. That's you not making a phone call. I can't. Oh my gosh. Technically, I can't get into it because my credentials aren't working. So make a phone call. I haven't had a chance to yet. What do you mean? You work 35 hours a week. I have not had a chance to yet. You work 32 to 5 hours a week. This is a real good story about Bronx and his dad, Ryan, real United Airlines customers. We were returning home and one of the flight attendants asked Bronx if he wanted to see the flight deck and meet Captain Andrew. I got to sit in the driver's seat. I grew up in an aviation family and seeing Bronx kind of reminded me of myself when I was that age.