Financial Audit’s Final Boss

49:03They're not out. That's all his. They're not out. I'm just thinking, any of the money that is just accruing interest, imagine that being in your brokerage. If I put it in my Moomoo account right now, and I was investing in the S &P 500, you guys would be set for life. You have no idea what you're throwing away right now. And that's what kills me the most, is people just don't even know what they're throwing away. Chase Otto, at least we're getting away from the credit cards. Hold on. Wait, I didn't write the balance. Okay. Hold on.

49:37$4 ,779.64. It's$118 of interest accruing on a monthly basis with a payment, a minimum monthly pay over time payment of what? Of what? Of what? I don't know what the pay over time minimum monthly is. I don't think there is one. Oh, it says pay whenever? Yeah. I just want a crew interest forever Oh Okay what is this car Chase Auto what is it what do we have Um a Camry X SE Year 2020 Better have a great interest rate then It's average You got it in 2020 right before The house what's an average interest rate I can't see it Like a 5.3 5.1 Okay it's not the worst And we should depreciation and everything is definitely bad Yeah we should pay it off by next year but I am planning on paying it off earlier you actually have equity in this car you actually have equity in this car past due no I paid that we're past due we're past due when is that oh

50:44it's a quality statement I don't know why it's hard to read but you're past due $573 is the minimum payment you were past due I don't even give a fuck you've made it up you were past you at the time of this so it's we're past two people i think they you guys are collecting every infinity stone of getting i think they put that behind the you put it at the end yeah you know this is giving more time for interested crew how many times have you done that only this is my second time i did it during covid and but i can't do it anymore like i don't want to but yeah that one was put behind i want to give you free money right now i've partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them.

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52:05All of this free money is linked in the resources section of the description below. So don't pass up the free money because I'll punch you gotta stop you gotta stop with this madness dude did you know i didn't know what do you think a lot of news that we were about to pay it off you know this is extending your payment which is allowing interest to accrue longer what do you think i think something gotta change something's gotta change

52:33scholar okay that's the best news we heard so far yeah that one's i think paid by next year you have a$4 ,000 equity position in this car I don't think so but huh well we recently got hit like somebody hit us and ran was that calculated I don't know if that's correct Jake was that calculated into it the hit them getting in a car crash

53:05you have it's worth$4 ,000 more than you owe on kbb and usually they're pretty conservative too i i had thought it was worse because we have like a i used to use it for work and it has like a hundred thousand miles did we do the miles yeah we did everything we got your info that you gave us okay and it's four thousand more okay okay so you owe eleven thousand eight hundred ninety five past due i can't believe if you're doing it have you uh the accident has it been it was reported but they left so because i was in but is it like is it just looks it's the bumper uh-huh have you fixed it no you could fix a bumper before selling it though yeah they try to quote us like a thousand so i just it's our daily so i don't really care what it looks like yeah but you do have an equity position which I like to say.

54:03Okay, that's good. This is technically your card and I thought okay, we're going to see spending from him but you're saying you spend on his card. Yeah, it's me. You are an addict of spending. It's me. I'm a saver. He is a saver. No, you're not. There's no savings to speak of. What are you talking about, saver? What money are you saving? No, she's not yours. She's spending it all. And you're allowing it. You're going to dinner with her, right? You're a saver. You're a saver. You haven't saved a thing in your life. I tried to save. No, you didn't. If you tried to save there'd be savings. I don't want to hear that.

54:30That's going to be delusion that's going to hold you back for the rest of your life amazon chase card and we owe 5 000 oh we did it again 5 196 hours and 50 cents credit limit of a 5 100 we're over we're over how do we do this we're addicted to over i so that one turned off turned as a it not a balance transfer because i'm not we've never done a balance transfer but we had a um which again a bad decision but a good decision in my opinion so we had a um what is it called for the water water softener the water softener for the entire house bathed in dry water well we don't buy water bottles at all can you not drink non-soft water it was nasty because we live on the outskirts of san antonio i get a water filter well it is for the whole house okay so anyways that's that's what that's on that card so that's what is water softener yeah like that that's how you didn't need a water softener well i didn't know that at the time well i mean it yeah like it saved us a lot of money water can be obnoxious yeah it's it was really nasty but that's how that card started it's not how it ended but that's no because he spent 165 dollars on it so i don't even know what you're talking about because it's a big balance.

55:56$185 minimum monthly payment. Oh, boy, guys.

56:04$119.27 of interest occurring over the credit limit. Amazon. Amazon. Amazon. Amazon. Whataburger. Amazon. Amazon. Oh, I have your Amazon spending at the later half of this. We'll go over that then, which you got. I just don't know why you do this to yourself. $459 of interest accrued this year so far. Fee! $28 fee this year. You've had a late payment on this too. Pass due on the card. Pass due on credit cards. You know, the other ones, but the other ones have had pass dues at some point in fees this year so far. I just haven't, I didn't look. I didn't look. Damn it, guys. Literally, legitimately, 50 minutes into this and I do not think we're halfway through.

56:47Doesn't look like it. No. You, single-handedly responsible for destroying the rainforest. Oh, with the paper? That, yep. That too. Cooksilver. $882.31. This one's not always paid off. nope interest accruing $38.28 $15 for purchases $48 minimum payment$47 sorry I'm kidding PayPal PayPal what on PayPal probably a subscription you don't get to subscribe $15.74 it's a subscription we don't get subscriptions you can't afford subscriptions there's no subscription in your life other than subscribing and trying to just survive. That's the only thing. You don't have subscriptions. That's canceled. That's done.

57:45No more subscriptions. Oh, guys, I wish I looked for the other. I wish I looked for the other cards. I'm upset that I only started looking now. Two, two past due or late fees this year so far on this card. Two, double, double, two.

58:05$311.89 in interest so far. How many thousands of dollars now have we stacked up to in interest this year? Throw your car on top of that. City double cash. I love city double cash. City double cash is great. Not for you. It's double penetration. Oh, we are over the... No. Yeah, we're doing it again. We're over the credit limit again. $1 ,507.35. with interest $40.61 minimum fee payment$62.96 $36 purchases worth purchasing on a card that were over the limit and it's accruing interest oh this is a tough episode to make it through guys Amazon it's for Amazon great wonderful thrilled couldn't be happier late fees there's been late fees this year there's been late fees there's been late fees have you known have you known that there's been this many late fees you guys aren't even paying your damn bills interest accruing um this year so far 246 hours squared okay wonderful i'm just gonna which one is that i don't know what am i looking at that's the the timeshare huh that's It's a timeshare.

59:32Your timeshare has an interest rate of 13%. Even if it wasn't a timeshare, it's a interest rate. And then you incorporate the fact that it's a timeshare. It's almost impossible to get at. Yeah. I didn't know y 'all had that one. Well, I sent it, but that was encrypted. Yeah, that's that one. What timeshare even is it? The company? it's called ascendant holidays okay i don't know it balance before maintenance fees seven thousand four hundred ten dollars twenty cents minimum monthly payment before maintenance fees it should say 137.48 this is the loan dude this isn't this isn't your no there's no maintenance isn't it at the bottom it says maintenance fees nope oh this is your maintenance fee summary but I'm just talking about the loan oh okay yep it's at a 12.9 % interest rate and the fees haven't kicked in yet so you're not once the maintenance fees kick in that's where you're gonna get boned so you don't even know what they are speaking of traveling you have some travel bull card that's from the company the company yeah guys

1:01:04maybe I just need to give up all of my morals and just be in the business of giving people like 50 % loans cause apparently there's people out there like you if I just ask you if you want it you'll take it cause you'll take out any debt that is presented okay a worldwide vacation travel okie dokes with a 5993 dollar 43 cents congratulations guys you're uh six dollars and 76 cents nope i didn't do that right but just about six bucks and 57 cents under the credit line really proud with the 209 dollar minimum monthly payment oh good we're purchasing we're purchasing on a timeshare credit card paypal 288 bucks the same thing the what the the trick that this is the trick still Your special little trick where you get with$107 in interest?

1:02:16Are you still convinced that you save money doing this trick? No. Okay. Good. Glad. By the way, it takes 20 years to pay off. Minimum monthly payment. 20 years. You'll be in your 40s.

1:02:34$409 in interest on this card so far. That's already. Oh, no. Wait, wait, wait, wait, wait, wait, wait. Wait, wait, wait. Okay. So to be clear, 4 ,281 on the normal card and you're getting interest secured from that. Did you guys know you also are on a second plan on this card? That was the six months without interest. Oh, how does that work? Can you tell me? Yeah. Give me a little sneak peek on how that works. You have interest. You don't have interest for six months. And then after the six months, you get charged the interest that's still on that balance. And were you going to pay that off after six months?

1:03:13I think that would be October. That's in about two weeks. But they said that we can extend that. They said that they would extend it. In what way? Extend in what way? They'll give us six more months or 12 more months without interest. Yeah, but they'll probably add. There's going to be a catch. There's going to be some catch. Because you have to pay this off in two weeks. Or your new... By the way, the balance you have to pay off in two weeks is$1 ,712. And if you don't, you get added$221.91. Is it deferred? In back interest. Yes, deferred. Yes, you've done that.

1:03:52Okay, I'm just going to keep digging into this. Not even halfway through it. You know, honestly, that's the first time where I'm almost like, I almost understand you guys not going through your finances because this is insane. It's a lot. We've had the most insane situation that's ever been on the show multiple times, and they've all been true. And honestly, that's going to be this again because apparently it's a competition. Some people, everyone's one up in each other. Did you guys even know it was this bad? Like as bad as I am telling you it is. As in this might be the worst I've ever seen on this show.

1:04:35Did you guys know it was going to be that bad? I felt like it was that bad. Two years of three episodes a week. I felt like it was that bad. Okay. TJX whatever. Is that TJ Maxx? Yeah. That was like Christmas presents last year. You don't get to give Christmas presents. You really don't. You can afford it. $707.48 $27 monthly payment.

1:05:08purchases of course what would it be without purchases barely under the credit limit great it takes four years to pay off doing uh minimum monthly payments what you guys are doing you're also spending on it so it takes longer to do that hold on what did we spend what was it where are you where are you little oh there was no there was no payment there was no purchase it was just the interest i i was stupid okay 131 dollars in interest this year so far 32.24 interest rate target card every store that exists you have a card for okie dokes with barely under the credit limit here so no progress has been made to be very clear Not a single cent of progress.

1:06:00$1 ,355.25 with a$32.95 of interest. Eight years to pay off. 28.15 % interest rate. $248.52 of interest this year's farm. Many thousands in interest. A synchrony card. Rooms to go. seriously every door guys that was our furniture yeah but that one doesn't have interest i know that one for sure no interest uh accruing right now we don't have um we have until next year five dollar minimum monthly payment balance one thousand seven hundred seven dollars and 73 cents i'm gonna have to go on to a second page i've never had to do that before i don't think probably get the three yeah the percentage for it when it kicks in is 34.99 I've never even seen that if we make the minimum monthly it'll be paid off by December and that's when the promotion ends oh some of them are extended even further you know you have minimum monthly payments on some of these until 2027 you're going to be paying off furniture in 2027 mmhmm we want to have debt until 2027 All right.

1:07:20Navy Federal Card. $1 ,467.65. The$36.90 minimum monthly payment. Just under the credit limit. $21.90 of interest. 10 years to pay off. Doing what you're doing. 18 % interest. Fees. We've had a late payment this year. Yeah, that one I for sure have. $180 of interest. Yeah. Because they don't have automatic payments. I don't know why. cancel it close it kill it i don't give a yeah moving on to the next page in my little special book oh i'm getting like a sweaty ass we've been here so long discover it oh i have something to talk about on that one wait which one is that is that his yeah so we recently got on a plan we can't use it which I want to close it anyway but um the interest was what like 28 percent I don't know if you could see it um but they actually lowered it for a year and then they lowered the monthly payment too so I had called them oh my gosh you're over the credit limit well because they they charge a lot of interest I know but your minimum monthly payments take care it it was like not even enough no your minimum payments are enough if you're not putting anything I don't think I was fees then you weren't putting enough towards it you weren't doing the full minimum 29 years to pay off this card well yeah so we recently got on that program okay but it still probably takes just as long I think it'll be a little bit less but yeah okay maybe it's 20 years instead of 29 yeah yeah so they lowered the interest rate and then they lowered the monthly as well.

1:09:01What's your new monthly? 140. Oh my gosh. A credit one? Another credit one? Guys, you're just under the limit again. We're either at it, over it, or just under. $30 minimum monthly. Luckily, no spending. $8.25 of fees. That's credit one for you. It's just constant fees forever. Then$11.44. $74 of fees this year so far and$85.70. That company is making so much money, let me tell you. Why do you say that one's the worst one? Look at the fees. You're getting fees on a monthly basis even though you're not missing anything. Just half of the card people open. You never really see someone with one credit one.

1:09:47They always have two or three or four million. Alright, Quicksilver. $1 ,276.14 with a$49 minimum fee payment. $33.01 of interest. 11 years to pay off. Doing it the way you're doing it. 29.96 % interest rate. Oh my f***. There's been one or two missed payments on this cart this year. We're addicted to missed payments. $259 of interest accrued this year so far. I don't even want to continue this. This is crazy. But actually you guys are very pleasant people so i am going to for you because i like you guys but this is insane no of course i just want to go lay in my office i think are we halfway through now it doesn't look like it oh my gosh it's been an hour best buy guys everyone give love for salah he's the one who's throwing all the numbers and graphics up on screen and he has a lot of them for this episode

1:10:56$338.69 That one's on a promotion as well With a$29 payment Just under the credit But it's deferred interest I'll pay it I swear Usually I'll pay that one Well I usually pay all of them but Is it March? It is I'll pay that one Fees we've had a late payment Guys, we'll pay this one, but we've had a late. That one was waived. They gave it back to me. One may have been waived, but there's still... I don't know, because if it's waived, they would have taken it away. It would have taken it away from here, I'm pretty sure. It was recent. Yeah. How recent? It was like last month. Oh my gosh, this is as of last month, we're still getting late?

1:11:40Yeah, but that one... And then interest, of course. You still had$4.30 of interest accrued this year so far. Yeah, they gave that one back. Deferred$51.65. Samsung financing I've never even seen that yeah so that one I bought my sister a watch huh? I bought my sister a watch what kind of watch? like a Samsung watch I guess I don't know she's like an Android user ew stop it but yeah and that one's the promotion too and I will pay that one off before it's next year of 2025 That's what you say. Well, I've seen late fees. Girl. This one? Hey. This one's late. Hey. Hey. I'll pay this off by then. I pretty promise.

1:12:33But guys, it was my. It's the minimum. But guys, it was my birthday month. So I have to go spend three times what we make. It was. If I do the minimum payment, it'll be paid off by December. Guess what? You miss minimum payments every second of your life. Not on this one. I don't want to hear it. it applied to like six of the cards we looked at seven of the cards we've looked at so all it takes is it'll apply to this one one day you just won't have enough in your checking account you'll do your fancy little thing it was our birthday month my tummy is grumbling we've been here a year we're gonna be here another year and you say you're gonna pay this off by the time the deferred interest hits we'll see i'll come back next year do it on the follow-up channel 234 dollars and 88 cents with a 14.68 cent thing just hit me it's kind of cool that i get to be a youtuber for living it's kind of weird i just called out another channel for people to watch which one like the follow-up channel that hopefully you're on but that's yeah that's cool that is like that's weird that you get to be paid for this thing and they're both your channels that's so cool that's so random that's so i'm dying i'm seeing the like a little happiness i think that you get a little glimmer of happiness before you go i think seven minutes of your entire life 14.68 cents of interest accruing okay

1:14:03pen fed credit union oh this is a big balance yeah they were getting smaller for a bit well we're back. Pen Fed. And you're a Fed, aren't you? Stop it. All right. Listen up. If you've been following Financial Audit, you already know how serious I am about getting your finances in order. And that's why I'm pumped to tell you about something I'm actually using. Domain money. Specifically, their flat fee CFPs. No hidden taquito fees, just real unbiased advice. Let me introduce you to Adriana Adams. Not only is she my certified financial planner, but she's philosophically aligned with what I preach here.

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1:15:23It's as simple as that. Domain Money is helping me lay out my own long-term financial plan and it's honestly been a game changer. So if you're ready to stop making dumb dumb money decisions head over to domain money.com slash caleb to book your first free session that's domain.com slash caleb no fluff no hidden fees just real expert advice to get your financial life in order go check it out three thousand five hundred dollars you're at the credit limit oh wait sorry sorry sorry sorry your balance is $3 ,375.33 did you get that book on Amazon what book the book you're writing in yeah it looked familiar yeah don't open up the Amazon app minimum monthly payment $68 interest$10.42 17.99 % interest.

1:16:24Some of these things. Okay. Well, is this new? Cause it just started accruing interest. Maybe it's period end of like 0%. Not too sure. I don't think so. Again, you not even knowing brings me zero confidence that all these deferred interest ones are going to take care of by the time they're done. It's going to be the month of it. It's going to be like, whoops. Oh, apparently I missed a payment a couple of months ago and now we're about to get Navy federal credit. another fed $1 ,442 minimum monthly $36 ,51 $21 of interest $10 to pay off my producers say we've crossed the house basically at the credit limit no surprise it's kind of what you guys do $173 of interest this year so far and other discover it oh my gosh guys that one's mine yeah and that that one's on the same promotion like i have like a it's either six months to a year and they're charging 9.99 percent interest but discover i've been trying to call them like everybody and discover is like the only one that's really like wanting to help i guess but that one's on the same promotion listen there are some good companies out there there are some good companies out there like again we work with we we partner with a bunch of people to like help in certain areas depending on people's situation we have the relief app which will kind of do what you're trying to do with this but with all your debts and i recommend them for most people but with you guys you almost use these negotiations as a way where it's okay to spend more money in other places which i i i would i recommend them to most guests i wouldn't recommend them to you it was like we don't spend on i wouldn't recommend it to you yeah you have a balance of two thousand eight hundred eighty dollars and seven cents twenty four dollars and sixty four cents interest accrued and yes it's at that 9.99 % and it's and it takes 11 years to pay off.

1:18:39Citi preferred card. I almost my energy is like running low. I almost just might also pay for you guys to sit down with a financial advisor at Domain Money. It's our financial advisor service that we work with. So half of them just sort through all this for you guys. I'm going to give my thoughts on it by the end but I think you're going to need to sit down with someone our two hours or whatever that we're doing today usually it's enough for someone's situation here I don't think it's enough time for you guys it's going to be well five by the time we're done and I want you to sit down with real financial advisors we might set that up I mean, we're willing.

1:19:32Like, we already have our house. We have our car. Like, we really don't need anything else, like, credit-wise. $715.33 of a balance on here. Just under the credit limit. And$18.22 is... Oh, that's the interest. The minimum fee payment is$35.

1:19:54We've had a late fee this year. Ah!

1:20:01Interest,$118.76. Ah! Custom cash from Citi. You're addicted to Citi. $2 ,710.32. With a$92.67 minimum monthly payment. I don't know how you guys are recording these at this point. All stacking up. Can someone back there start adding up all of their minimum monthly payments outside of their mortgage for me? This is going to take a long time.

1:20:32$65.67 of interest occurring.

1:20:37We've had two to three missed payments this year so far on here. You are... It doesn't make sense that you were in charge of finances in any way. And then you don't know your numbers at all, so it wouldn't have made sense for you to be in charge. But I wish we were talking, because I think we could at least counterbalance each other and be like, ooh, maybe we shouldn't be spending money when we can't make our f***ing payments. Then$564 of interest accrued this year so far. This is another city card. I'm going to blow this place up. Chase Inc. An unexpected player has entered. Chase Inc. $300,$144.84 with a minimum monthly payment of$97.

1:21:26$66.19 is accruing. You guys still having fun? Because I want to kill myself. $191.72 of interest this year so far down there. Best Buy. You both have a Best Buy then. Jeez, for f*** sake. You guys like apply together? Is that your version of dates? Is that your version of intercourses? Let's apply. Your cigarette after f*** is applying for a debt? No. My cigarette after f*** is ice cream. I crave ice cream. Do you like sandwiches after? Sandwiches? No. No. I was just asking. No clue. Sandwiches after. And you know what to do, man. That's not it. He likes candy after. Yeah, sweets. Sweets. That's where I'm at.

1:22:13$1 ,452.19. I also like to be left alone. But no one ever respects that part. $47 is your minimum monthly payment. Fees. fees we're having fees what's the fee what's the fee a fee this month this month this isn't even one that happened this year no that one that one was the one that was put back i thought it was oh so the other one wasn't put back no that one is oh come on$29 fees and$2.61 of interest 30.49 interest doesn't even matter if this fee because you've had more fees this year so far anyway. How many? $13.35 of interest this year so far. Oh, $191 to deferred interest. When does this end?

1:23:05When do you have to pay this off by? Mm-hmm. Oh, multiple deferred interest. Two deferred interest. When do you have to do it? Is one May? One. When's the other? February. You would have f***ed it up. Next year. Yeah. Apple. Me. 2 ,500. Numbers don't even look like numbers anymore. 2 ,556 dollars and two cents.

1:23:39$85 minimum payment. $59.28 of interest this month. This year,$459.24. and a 27.24 % interest rate. Okay. The f*** even is this? Why is there overdue interest? Overdue? What is this? Cash up. Cash up what? Borrow. Do you still owe this? I don't think so. I think I paid that one off. You promise? No, I don't promise. But no, I think that one's supposed to be due October 2nd. So that one's close. Oh, the whole thing? Yeah. Is it all at once? I don't pay it like weekly. I just pay it off. $1.75.

1:24:36Footlocker? Shoes we didn't have? Yeah, my shoes. Yeah.

1:24:44$64.95. So your minimum monthly. Nope, that's your bi-monthly. Your minimum monthly is 120... It's like every two weeks. 20... Let me get the exact number.

1:25:02It's$129.09 footlocker. $259.80 is the whole thing. Bi-weekly as well. Yes. Gymshark. What the f*** is a Gymshark? Oh, that's close. But... Workout close. But... Who's going to the gym? I am. Who's fresh in the gym? So I am. But... Congratulations. I'm going to return those. Since when? Oh, you gave up. No, I'm returning them. Like, for my money back. Did you give up on the gym? No. I just have clothes. You down any poundage? Yes. And I think... Good job. I think... Thank you. And I think it wasn't making sense to buy clothes right now. Sandwiches after... I'm not going to keep the pounds off.

1:25:45Yeah, so I'm returning those. I already did the little... Then I'm not going to put it on the thing. Okay, what is this? Credit karma. What the f*** am I looking at? Oh. Oh, hold on. What? Open derogatory. Oh, no, no, no. T-Mobile. No, wait. T-Mobile and collections? Wait, pause, pause. Pausing. So that one was four years ago. Okay. But they keep like putting it on my credit. Yeah, no, f***. It was four years ago. But I don't want to pay that one. Why? It was like some family stuff. and I know they fall off after seven years. Guess what? Guess what? Guess what? You still f*** out, okay? Yeah. Whether or not it's family stuff.

1:26:24So I have tried to call to see if they'll lower it and they gave me half off, but I just don't know if it makes sense to pay it off if it's going to fall off in three years. So I did want to ask you about that one. That's not my top concern out of all these things. It's not. Yeah. You should pay it as an adult, but this is stacking up so f***ing much. Yeah. They keep taking... So that one shows 2024, but it wasn't. It was four years ago. Oh,$900. I didn't know. Showing up to this when I showed up to work today.

1:26:58591 credit score. So round it up.

1:27:05Lakeview. Lakeview what? Oh, mortgage. Oh, we made it to the mortgage. That means we're almost done with the debt. Holy. House. How much is the house valued at right now? $350. You think so? Yeah.

1:27:24$213 ,000 and$166.14. I'm saying that weird. I'm losing my mind. And a monthly payment. $15.81. $15.81.63. And that one's going to be lowered next year. $15.80.63. As well. Okay. Because of Homestead. I didn't know about the Homestead. Yeah, yeah, yeah, yeah. Okay, let's see what we got. We got a little camera thing. We got some tape. We got a fitness tracker, some vitamins, some flea and tick shampoo. Becoming a supernatural book. Yeah, it's a book. It's a book. Yeah, no. Look at the other book. Are you capable of reading if you're buying a book like that? Yes, but look at the other one. Life of Game.

1:28:12No, the other one. Dave Ramsey. The other ones don't make any sense with that. Cream of Nature. Oh, that's your hair stuff. It's furs hair. You made that sound so nasty. Dude, I just literally read the name of it. Some J earrings are even wearing them? They're not earrings. Return them. They're not earrings. I don't care what they are. Return them, burn them. I'm already wearing them. Jump rope, you're paying for it, Jim. Yeah, they don't have a jump rope. you're paying for a gem return the jump rope the miracle journal okay there's nothing happening in your life air filters yeah that's valid the 44 lots of peace what are we doing yeah you are not reading a book a week i've been reading a lot though not a book a week no okay also go to the library okay we don't have a library evicted property and profit what are you reading so i'm reading it because i i was looking at wait i have a i have a response i have a response so i'm trying to obviously get out of the mess that i've made and i'm just trying to read books on this situation this is gonna get you into some zero percent down real estate crap or something i don't know i haven't read it i'm not surprised you have a thousand billion books a month.

1:29:38That's it. There's no more debts. Yay. Oh! Oh! An hour and 25 minutes. Okay.

1:29:55Kind of mind blown a little bit. Oh, we've got one more? What? What? What? What? What? What? Oh, no, there's not another. There's just... Oh, I'm sorry. $202 is our balance in our tech-end account, so I don't know how we're surviving. Overdrafts is... I told you they were bad. You absolute...

1:30:29I've never seen$681 of overdrafts in a year. in a year. You, you, you, you. It's not that they suck. It's not that they suck. You're spending half of your income on fun. It's not that they suck. It's not that they suck. They don't do it to you. You did it to yourself. They did. Huh? I said I didn't. Nah. You need a juice box.

1:31:02$681 of overdraft in a single... year. It's unheard of. $70.86 in overdraft this month alone. And mind you, mind you, this is well all those other cards doing this thing where we're transferring money from credit cards and off credit cards so we can avoid overdraft fees. So it would probably be double. It would probably be double. It would probably be double. I'm wearing this nice little shirt to have a nice day, a nice good day. It is a nice shirt. All right, guys, I get it. You need more financial audit. So we've decided now in our membership below, you get two exclusive see nowhere else uncensored financial audits.

1:31:51Oh, good. No way. Your couch hopping places. I like stay at for the job. You're relying on bookings for a place to live. Yeah. Also, three post shows a week for every financial audit you're seeing right here on YouTube. In the post show, we have an extra 20 minutes for every single episode where we go into more drama that we didn't uncover in the original episode. We can't find you on Facebook. Did you block me on Facebook? No. No way. And then included in the membership, every Tuesday, we have a member live stream where you come in, you hang out with us, we answer your questions, and the whole crew gets together.

1:32:28We play games we mess around and we chat with you. I have a pair of salmon shorts on that desk where I did a change in two right after this. So you dress like you're smoking a for the first time when you go on a date?

1:32:43Then there's always extra bonus things like for example an office tour. The team grew we have to eat out of here now so this was gonna be the fun area now it's not. We upload hours and hours and hours of extra content just for you and it helps support the growth of this channel and the growth of this business. Join the membership. Link in the description below. But you ruined it with your overdraft fees. I know. I'm sorry.

1:33:13Hey. Oh, don't do this. Look at that. We're overdrafting$700 a year and all these lines are bull purchases you don't have an excuse to overdo this

1:33:33oh for sake we actually have juice boxes at this office wow

1:33:42i'm sure this is way too calorically dense for what i am trying to achieve in life Who would like a juice box? You had some over there. I appreciate it.

1:33:54Going in and getting some BS. Cash apping out. Amazon. Wendy's. Dropolis. Cash apping out. Amazon. Mark's outing. TJ Maxx. Journeys. Cash apping out. PayPal. Affirm. We're affarming Uber Eats. Somehow we think we can afford Uber Eats when we have$700 in overdrafts in one year. Uber One, Cash App, Uber Eats, Apple Cash sent out, Amazon, Kindle, Cash App, Zelle, Amazon, Cash App, Amazon, Bath and Body Works. Huh. Hmm. Bath and Body Works, Ulta. I thought we were done with Ulta. I thought we decided we were done with Ulta. Apparently we're not done with Ulta. Apple Cash sent out. That was your other thing.

1:34:44Apple Cash sent out. Denny's, cottage Irish pub American perfume apple cash where's all the apple cash going where's all the apple cash going where's all the apple cash going well I have an apple card but where's the apple cash going apple cash that's coming in no no apple cash sent 40 100 180 oh that was his hair all three the three haircuts a week The 180 and then the other one You guys got me up to 90 heart rate Do you have high blood pressure? After this conversation Chick-fil-A PayPal No actually I checked it out of curiosity It's fine But after this conversation I don't know Cash app Church's chicken Chipotle Overdraft fee Cash app Venmo payment good with the state you have 255 dollars in retirement i'm thrilled i've never been more excited in my life as we're basically there he's a saver didn't you know he's a saver well he just started that job remember he's a saver i'm a savior and you have 2239 in this retirement account and then infidelity of 8540 that's actually pretty okay it's surprising you're not putting anything in more than matches are you i recently decreased it and then i had another one it was um 5 000 it was a share works it's investments as well there was like 3 000 4 000

1:36:35guys i've lost the budget and the chaos i've lost it i've lost it this one nope

1:36:47oh you took up so much space on my notebook you owe me a notebook That's why I asked where you got it from remember Total income $6 ,500 Debt minimum payments not including the mortgage $2 ,918 F*** me Car assurances $100 Total? Yeah Flat Yeah well I paid it the 6 months But I'm probably not going to be able to do it this time When is it due? December but I will have a bonus. And how much will it be monthly? 91 a month. Yeah. How much in gas? Vroom, vroom, drive, drive. 140, 150. Probably 140 together. Phone bill? 160. Switch to helium. 20 bucks a month. What are we doing? 15, isn't it? I don't even know anymore.

1:37:43I think it's 20 a month, but we owe on our phones. Okay, once it's paid off. How much then? What was it again? 160 for five lines. Okay, there it is. House. 1580. 1580, 63. Utilities? 160, electric, 110, water. What else? Internet. 52. Gas? That's included. In what? In the electric. Oh, 322. Okay. we should be able to do groceries for about$900 a month meal prepping meal prepping a couple times a week for example my second in command over there you know what disgusting thing I learned this is like more than I would suggest but he meal preps for two weeks at a time he eats two dinners a month but you can do that if you have a goal you can do that probably smells like refrigerator right by that time so$900 for groceries we should be able to do Follow the meal plan In the budging program Tweak it to your needs TP fund Cause the kids It gets a little harder Probably about 200 bucks Anything else you need This could be sports equipment You know save it One month Spend it the next You know Whatever you need Co-pays Do we have On How much is the gym It's 28 But it's paid For the next three months But it's normally 28 Yeah but I don't have to Pay till January Okay well that's gonna Come before you know it Yeah This is a long term Thing we're dealing with That's including my training My training's covered Any prescriptions No dogs pets i did see a thing how many three it's probably 60 a month in what dog food freely uh well flea and tick no that's more yeah cheap food it's probably a little bit more than that actually i'm gonna put 100 and i think that's still conservative but if you're doing it right uh i would do pet insurance you just can't afford it but if one of them gets sick i don't know how you can afford anything what else needs to be in your budget a lot i have a list i'm sorry what so i have um a mutual fund for both kids that's 25 a month nope i take it out yep that's not anymore um i pay on a plot like a funeral plot what for who for us like oh cancel it you can restart it eventually you're gonna live a long time statistically okay okay canceled next um my dad's uh headstone is that is he dead yeah oh it's financed um no i just oh it's like 40 a month so so it's a debt well it's just a contract i just how long like two years i pay 40 a month okay what else that is why why do i wait why is there's so much paper there it's on my debt as well oh um okay you can take a tissue and then life insurance now okay not through work no how much is life insurance um 62 okay it's not bad and then um HOA oh one second that headstone's 20 40 HOA yeah how much um 26 a month okay and then trash is 26 a month oh i would have put that in utilities but that's fine okay and that's it okay nothing else needs to be in your budget no are you okay not doing the the i get the headstone thing but are you okay not doing your own grave yet no because it's under my dad's.

1:41:32How much was it? It's like 150. A month? For how long? I think like five years. Okay, let me see what I can do. And how far are you into that? Two. Okay. That's okay. I get it. I get it. It's very hard. When did you lose your dad? About three years ago. I'm sorry. That's really hard. Okay, here's the reality. We've just dug ourselves. You could do, I want you to be able to do that. And we could do that so easily if not for the$2 ,918 and minimum monthly payments on all the other loans. That's the thing. We've put ourselves in such a bad situation that now you're not able to do the things that matter to you.

1:42:30because we're prioritizing our spending and just having fun living life. All right? So combine everything that you need to survive plus that plot, $6 ,739.26 we need. Now your bonus doesn't always come in, so it's more$6 ,000 a month plus the bonus hits. So really we need to minimum make an extra$739.26 a month, and that is someone is picking up a part-time job somewhere. But that makes no progress, to be clear. So let's say you make an extra thousand hours a month after taxes. So$225 can go to the debt. The debt, not including the house, was$80 ,000, just about. So let's just round this thing.

1:43:11That takes 320 months to pay off.

1:43:17Or 26 and a half years.

1:43:22Well, he is going to get a bonus. And bonuses are good. Well, it's an extra$101 a month. so that's coming in October okay that helps so we still need to make even still I mean even with that you know I'm assuming an extra thousand right and it still takes 26 and a half years to pay off and that's unacceptable we can't do that there's no retirement there's no college fund there's no mutual fund for the kids there's no there's nothing there so what I'm happy to do is you guys are looking for an extra job if you guys want to increase your resume at all because someone's going to get a second job.

1:44:00One of you is. This is flat out. Or you guys are going through bankruptcy. Which one? And bankruptcy is expensive. It costs thousands of dollars and a lot of time and a lot of stress. Can you even do that with the mortgage? Well, no. We're going to make sure that... Yes, there's variations you can go through. You can still keep the car. You can still keep the house. I don't mind. But it starts getting... It really does. It is stressful. It's expensive. but it is an option there's also the go make more money option the most i can work is 45 with my job at least so i know if i do five and five that'll bring in 300 extra there is also again there is the uh the relief app option we talked about so there's a lot of options here you're going to sit down with the financial advisor they can go for different options there's also the option and i hate this option but don't pay on anything let it go into collections but technically some of these especially some of the bigger ones they legally can go after you if they actually want to and take you to court they can many don't but they can and you're really rolling the dice with this many individual debts one two three four five six seven eight nine ten eleven twelve thirteen 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 debts.

1:45:26Because two were closed, you said. 32 debts. There's one other episode that has just about as many debts, but you definitely have the largest balance with those amount of debts, I think. So I need you to sit down with those advisors, because you're going to have to go through multiple meetings going over this. We can't solve this here, sitting down here. The budget, sure, we can do that. And you can get set up with the education and the resources. And we can at least keep you. We know that we can keep you afloat living on the minimums and bringing in an extra$250 a month. We know we can keep you afloat or an extra$500 a month.

1:46:00We know we can do that. So that's important to learn from this conversation. The debt payoff strategy, we don't fully have. If you go bring in an extra$2 ,000 a month, you know, that leaves an extra$1 ,500 left over. Of the 80 ,000 hours of debt. And we do have like 5 ,000 coming in from the homestead. And these are great. But these are one-time things. But even still, with the extra 1 ,500 hours a month after your living expenses, it's still 53 months to pay off. Let me make sure I did that math right. 53 months to pay off debt. Or four and a half years. and that's working your ass off for a crazy amount of times.

1:46:48There is one option and this one's hard because you have such a great rate and you're building, you know, rent is going to be comparable to your mortgage payment. But how many rooms do you have? What's your square footage? Five. Five rooms. That's actually pretty darn good. Yeah, we have a five bedroom, three bath. Gosh, because you could live in a two bedroom for what you pay. But if you sold your house, took out, you know, you sold it and used$100 ,000 of that, you know, you'd be debt free with$20 ,000 going towards a down payment on a new home. And that's a way to clear this up and start fresh as well.

1:47:22So there's options here. Which one is right for you? I really want to mold this one over because there's so much life-dependent stuff. And I think you need to sit down and have, like, multi-hour long conversations. because this is going to be a path. This is going to be a fight. A journey. But I'm glad we at least know you need to go right now, make an extra$250 a month right now. Like I said, I'm happy to gift a course career certification, go through the quiz, figure out what makes sense for you, and they'll attach you with one and then we'll pay for it. Put it on your resume, get another job.

1:48:02It's just a second part-time job, And with that and following the budget, we can at least break even so our debt's not going up, right? But I'm sorry, guys. That's kind of where it is today. That's kind of where it is today. There's a lot of options. Some of them long. Some of them a lot of work. Some of them giving up, which I don't like. Some bankruptcy, which is expensive and stressful. And some is selling the house, which I also don't love. There's a lot of options that I don't love, but many of them do work. What's right for you is going to have to be determined. Okay. I agree. So we're going to go into the post show.

1:48:42I want to hear some interesting things about your job, but we also have more, much more we know about you guys through the producers and they're going to come in. And, you know, it's usually where we save some of the dramas for the post show. Okay. And the numbers for the main show. I mean, your hammer financial score. This is, oh, the real estate plays into it. Okay. It's spending your budget. You overspend. It wasn't even close. Zero out of 10. You have collections. So debt, zero out of 10. Emergency fund, there was nothing there. Zero out of 10. Your retirement, not horrible. Your retirement is a joke.

1:49:11So together, I'm going to give us a retirement three out of 10. Real estate, not having an emergency fund hurts, kind of. But just the real estate itself with the equity position and everything, it's good. It's in there. It's happy. It's an eight out of 10. Okay. So hammer financial score. Real estate really pulling its weight. it's gonna be two and a half out of ten that's fair join us for the post show link in the description below make sure to check out our investing and budgeting class which are bundled at a 15 discount down there as well i'll see you guys in the post show today on the financial audit post show i noticed on a few of your your credit card statements you have cash advance balances in addition to your purchase your cash advancing oh you're cash advancing Was that the cash advance one?

1:50:00No, no, no, no. No, cash advance, and you're taking cash from your credit card. I'm not, like, trying to call you a liar. That's the only way that those balances can agree. You're destroying yourself. Yeah, I'm going to just take off all the cards. Every infinity stone besides payday loans, I think. To watch the Financial Audit post show, click the join button below.