Her Dad Threatened My Life | Financial Audit

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0:30this is financial audit thanks for coming down from fort worth what do you do for a living up there uh yeah i work uh in insurance i'm an insurance agent um roughly like in the dfw area insurance agent so everyone's favorite person i talked to in this entire world okay what are we making in this position um i make about 53 000 gross annually yeah okay is that are there is there commissions or the bonuses and is it after that no commission there's like no sales involved in my role i'm more of like a uh like entry level starting position sure yeah so how we living off 53 right now how how does that feel how does life feel when i first got when i first got the job i was living pretty comfortably um i like was able to afford rent i was able to go out with friends and stuff um but in my situation currently i'm struggling why do you think you're struggling i mean 53 is not terrible out of the gate is it a single household income yeah i live i live alone it's just me in an apartment so i can definitely see things being a little tighter but um you're not horrendously far off from being near that minimum median household income uh now detroit fort worth you know it's not the most expensive city but it's certainly not the cheapest you know you're definitely getting a little on the higher end so i'm not saying it's like easy to live off of that but why are things struggling right now i'm curious i live like in a pretty nice part of town i want to say i kind of moved on up uh i tried to like get out of uh living in like a rougher area so i moved into the city and uh my rent is like pretty pretty high up there it's it's the most i paid since i've moved out um but i just wanted to be closer to the city closer to work have places go hang out with friends and stuff like that okay do you prioritize prioritize fun fun prioritize for you what is getting out of that um not not i mean i like to go hang out with friends like try new places and stuff there's a lot to do in downtown so yeah go check places how close are you to downtown pretty close i can literally walk like i have pretty easy access expensive yeah okay so on the income side what we had was 3200 come in does that sound about right from payroll yeah a month okay what do you think was spent well um i don't know like between rent tuition and stuff i my other spending is like tuition yeah i'm in school oh really okay what do you study uh business management okay yeah very cool yeah i i don't know i just kind of got into it like recently in 2021 i went back to school because sure i i i dropped out like 18 i didn't really know what i was doing and i got into my field and i was like you know what i kind of like this i want to pursue like this degree so i got back into it and i've been doing it like on this like part-time because i work full-time well as always just like anyone on this show i'm happy to gift you certification through course careers if you want to boost up your post-college resume as well but what do you think you spent spent um again payroll came in 3200 32 yeah what went out well i i i was what went out i i went uh to the airport dropped my what went out okay uh food i was spent it on food what went out what how much did you spend like the amount the number how much do you think you spent we can go into details what do you think you spent i think i probably ended up in the negative i had to pull like what do you think you spent the number number number numbers okay uh probably like sorry 3400 okay and that's why i wanted to know so you thought you thought you're 200 over yeah okay i think it's probably a little bit more well what then what what number what number do you think you spent i i didn't really look at my account you think you spent just based on you knowing your life i want to see where you self-assess this is important i like i want to say 3 435 okay okay so your thought you think you're two to three hundred over okay you're 1500 over i am so how how where are we in life where you think you're only a couple hundred dollars over but in terms of what came in through payroll a thousand five hundred over how is it so far beyond different than where you think you are like what is going on where are you right now i i didn't know it was that much well i know that because you told me three to four hundred i really thought it was going to be like like a couple hundred because yes that's what you said But why do you Yeah you told me the number I know that Why do you think there's such a disparity there Because I kind of just Swiped the card I use like Apple Pay Swiper no swiping dude I don't know I didn't know it was that bad I have people helping me out So sometimes I don't People helping you out My parents sometimes Will like sell me if I need some Extra money Do you need extra money though because you were over by 1500 bucks where did that extra 1500 go in your mind it helps with rent okay what's your rent my rent is like 1550 okay that's expensive 1350 yeah 1550 1550 because you need to live next to downtown right that's where my work is it's pretty convenient not everyone lives next to their work i live 15 minutes away from here yeah this is my business i got the juice like that's how close i am i think it's pretty it's easier and that's worth spending 48 over 48 percent of your net income on at the time i thought it was a good decision i was like i'm gonna be saving money on gas i'll be closer to like downtown to do some stuff with friends that's fun that's great that's a want and i want you to be able to do that as well i also don't want you to spend over 48 of your income um well that's horrendous so how much your parents send you like i said they just kind of whenever i had zell in 104 was that done yeah sometimes like if i need uh my parents kind of look at my account just to make sure i don't go overdraft um so if my dad usually is the one like hey you know you need to make sure how much so because in your application you were so proud that you've been living on your own since 19 it doesn't sound like you're living on your own sure physically but it doesn't sound like financially if you're getting money from the parents well a lot of it is coming from my paycheck like i do work really hard to make sure i can like afford the things sure but then half of it goes to rent because you want to live in a walkable community and i think a lot of people want to live in a walkable community but because so many people want to live in a walkable community and there's so few of them in the united states because we've really built our infrastructure around car transportation meaning that those areas are more expensive but because those areas are more expensive and it's still a want deciding where you want to live you want to be able to walk to work you want to be able to walk to the bars because you've chosen that you've also chosen the higher rent and that higher rent for you ends up being over 48 of your income okay i actually i thought i was doing like a service on myself sure but obviously you're not i well the last apart i just moved i just moved out of this other apartment like two months ago i and i was paying more than that so i kind of downsized in a way it's a smaller unit paying more than that now this is but that's just idiotic to pay more than that like right well i was paying like in the 16s question if i'm shooting up if i'm taking three puffs a day does going down from two equal i'm doing a good job it's an improvement i mean it's you're right that would be an improvement still doesn't mean it's good yeah i guess you're right i understand um i just thought that at the time like when i was touring the property they they gave me a pretty nice rate and i was like why why do you think that's a nice rate maybe for the area it is but again for you it's all about your situation i know i know and and well here's the situation that happened with the whole moving situation so i had like went on a tour i locked in a rate and they're like like this is gonna be 1500 would you like to go ahead and secure this unit put your deposit and i was like yes of course i want that one by the time it came for me to move in they couldn't get me the the move-in date that i needed so i ended up paying for two months rent in may okay so like almost four thousand dollars in rent that sucks but regardless you still send a lease that's too expensive for your income you knew it was 50 right yeah yeah why did you think that's okay you're what your parents my mom helped me so you're not independent why did you apply and say you're independent well i just i just wanted to be closer i just want to be closer to my work and well yes we know that you've said that that has nothing to do with the question i said why i don't know i just i just wanted to live in a nice place that still absolutely does not even come close to answering the question i asked why did you say you were independent when you your parents are paying for run i saw accounts transfer in a thousand forty eight dollars is that them um most likely i mean okay so you're not independent yeah i'm not but you think you are well that's what i'm saying like i'm most of the stuff like that comes like like my bills and all that like my phone bill my cape like everything i pay for that by myself i don't know they transferred in a fourth of your amount that you had brought in a fourth 25 ish really it's a large amount oh yeah let's say you bring in three thousand dollars a thousand dollars comes in out of the four thousand dollars that would be 25 i guess i i i have like a problem i I guess I didn't really factor in all the times I was going and get food or something after work or grabbing lunch with a friend on the weekend.

11:03So your parents are subsidizing that. Do they know they're subsidizing that? Do they know they're subsidizing you in walking to the bar? No. I mean, sometimes I still end up driving to the bars because it's a pretty populated area. Oh, good. Good, good. We spend 50 % of our income to be able to walk to the bars, but yet we still drive. it's just and if there's anything that's good to drive to it's a bar where you drink well yeah i i mean i don't go crazy i don't go like super crazy but i like whenever i'm with friends i'm usually the one driving um i live closer to town than they do so it's just more convenient okay i don't know i just i just i don't know i'm that kind of friend i just go pick people up or i'll just uh i'll spot them or how much you just spend going out to eat man i'm Probably like$300,$400, I want to say.

11:54I don't know if that's right. You overshot that one. $225.63. $225. You know, does your parents know they're subsidizing that? No, as far as they... What do you think? They think it's just rent. What do you think they would think if they knew that? They probably wouldn't be helping me out as much, honestly. And it's being kind of deceitful now that you're not telling them when they're giving a good chunk of money to you. Yeah. Is it not a form of wine? Well, no. I mean, my parents are willing to help me. I mean, I've had... Right, but they think they're helping. But really, they're just buying fast food.

12:29Well, I mean, they're also helping for like a portion of the rent. I mean, there was miscellaneous bullshit. That's just other stuff that doesn't matter. Other stuff that doesn't matter, that was$817. That's basically what they give you. I honestly think in this conversation, you should ring them up and tell them. Right. if you're actually here to take accountability for your life absolutely because you're around you're around and guess what she wants to pull out of her 401k to subsidize listen that wasn't my idea i my my parents were like maybe this will help you i was a little on the fence but i just kind of like follow their advice i didn't really know i had that much in my 401k so instead of not spending a thousand two hundred dollars on bullshit combined we're gonna with our retirement oh we could just not spend a thousand two hundred dollars on bullshit or we could retire interesting hmm okay well okay i thought i thought it was a good decision i mean they kind of gave me advice but i took it i went and made the phone call i was like okay this money will help me pay off the debts that i have is this already done yeah i might coming in the mail i closed the account no how much did you have saved up it was okay well before they took all the fees and the taxes and stuff it was like 10 000 10 000 at 24 you were on your way you were on your way dude let's say you opened up a muumuu account where i just buy different stocks and stuff like that let's just say that right just for an example how much were you setting aside on a monthly basis a setting aside yeah what was the percentage um how'd you get to that 10 000 like how much are you setting aside on a monthly basis i honestly don't know like my my my job kind of set that up for me they like invested in okay stuff for me fine let's say it's in let's just do eight percent return annually okay let's just say you're setting aside a hundred bucks a month even 100 no let's say 200 bucks because i think you had to have been about 200 to catch up to about$10 ,000.

14:37The initial amount of$10 ,000, you put in$200 over the next 36 years so you can take it out at 60, tax and penalty, well, penalty free. If it's Roth, then it would also be tax free. That$10 ,000 plus the$200 a month and 8 % return on average would have gotten you to$675 ,000. But instead, we're taking it out. Instead, we're taking it out so we can continue to spend$1 ,200 a month on bulls. so we can spend 50 % of our net on rent so that we can walk to bars that we end up driving to anyway. You know what's worse than overpriced takeout? Seeing your hard-earned cash go straight into the trash. If you're tired of wasting money on meals you don't even finish or even start, today I've got a game changer for your wallet and your time.

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16:45Head to factor75.com or click the link below and use code HAMMER50 to get 50 % off your first box and 20 % off your next month. That's four whole boxes of ready-to-eat meals. That's code HAMMER50 at factor75.com. Start fueling your goals without draining your wallet. Here is my thought process behind that. That one that I closed was from a former job that I had. It was$10 ,000 going to your retirement. That's a great start. I have one right now with my current employer. So I didn't think it was a big deal. It's like 3 ,000. Yeah. You cut it by what? 80 %? But I have time. I have time to get it.

17:27No, no, no, no. That's the thing. That's the thing. You just gave up time. That achieved it because that 8 % continued to compound. Because that 8 % that gets added on to that 10 ,000 turns into 800 bucks that year. Then all of a sudden now we're at 10 ,800 and it compounds every time on top of that. It just gets bigger and bigger and bigger and bigger. But you taking that out, you've gotten rid of time. Because every single year you exist, you're getting closer and closer to retirement. But you've taken that out. And now you've taken away the best asset you can have in your 20s, which is literally time to let your money grow.

18:05You've done that. So, again, you could subsidize, making terrible choices. Let's get into your finances because they need a little more context. because I got to remember we are doing a show here. It's not just a conversation between us. Self-assess. Where do you think you are? Finances. Zero being the absolute worst. Ten being the absolute best. Where are you on that scale? I think I'm at like a two. Okay. If you want your hammer financial score, it is free. Link in the description below. And if you think that you're about to start pulling money from retirement and you need someone to you about that, go to CalebPammer.com slash apply and you can sit right here.

18:40Oh, this Discover balance is huge. so the 10 000 wouldn't even pay this off you said it's to pay off that right yes that's how did you get into a 9 209 dollar credit card balance by 24 years old okay well i took this card out i've actually had this card since i was 18 let's discover it yeah everyone loves it um one of the first i believe it or not like i was doing pretty good like i was just putting gas on it in the beginning and then uh you know grocery bill here and there but um and i was paying the balance off but over time it just uh it just continued to grow i i didn't know like i didn't know when to stop because like you know the pandemic hit and i ended up like using it to help with some bills because i was laid off during the pandemic um that's hard yeah and you didn't have an emergency fund i take it at that time no i did not see that even if you were laid off during the pandemic they were doubling unemployment right so i didn't file for unemployment in that time why that sounds dumb you lost it because of the literal thing that was happening and programs were in place to help people that lost because of the actual thing that was happening well i went why would you not apply well i went and i found another job somewhere else oh that's great yeah so then that this excuse no longer makes sense then because you use your credit card because you're unemployed but you found another job that's why you didn't apply for unemployment so why would you use the credit card then because the job that i had was a little bit less pay than i was i was working like a sales job that i got laid off on and then i went it ended up working at walgreens so i wasn't making what was your income and then what was the next thing when i was doing sales it was it ranged monthly um sometimes i was making like three thousand a month sometimes i was making up to five thousand a month sure um and then when i got laid off during that i went to walgreens and I was making$10 an hour during the pandemic.

20:35And I was working part-time. How many hours? Like 30, I want to say. Yeah, that is hard. So it was a pretty steep job. Averaging out to like$1 ,300 a month. That makes sense. How long were you at Walgreens? I stayed there for almost a year. Why? See, what I would have done if I lost my income by a third or a fourth, sure, I start that so I can have some money coming in. but i'm applying to every job that exists in the history of the entire world every single day well i i was applying like i had like people sure but i have people say they were applying and they apply to like three jobs or something yeah like i mean i had i had an interview for one place but it ended up not working um okay no offense but if you're applying for like every job ever you would have had more than one interview unless your resume was complete trash he had a successful sales record there were remote sales positions throughout the pandemic at the beginning everyone was a little scared stopped hiring for a bit but a lot of those you know uh tech companies and a lot of things that really went crazy during the pandemic were bringing on sales people like mad because they wanted to move i had a really hard time finding a sales job after all of that happened well again i think i couldn't find anything what do you mean you couldn't find though like i was like you know scrolling linkedin and i was like on uh what's what's indeed and just looking for those sales jobs and i mean i just couldn't find anything that was like either close by or like had competitive pay close by everything was remote during the pandemic oh well no i was when i was doing sales i was in store yeah but it was you got laid off at the beginning of the pandemic i got laid off like mid the middle of it like may so yeah may yeah may 2020 okay that i want to i don't know if that's in the the way it was kind of like 2020 2021 and then like the first half of 2022 it was like the very beginning of 2020 when all that happened like march was that's what i just said yeah that's what i just said you were at the beginning so no you were from work and they probably saw everyone freaked out at the beginning businesses freaked yeah okay so we're at nine thousand two hundred nine dollars 44 cents with 186 dollar minimum payment one dollars of purchases it's a little weird yeah that that one's like i don't have a limit spending limit anymore so what do you mean it's like i think my credit limit was like 9 300 yeah you're at 9 209 so that's what that's the only reason you're not spending on it yeah i just don't want to make it go up any higher i mean i have another reason not because you just shouldn't be spending on a credit card because your balance is already there and you can't pay it off because you don't want to hit your limit well because you can't spend more money on that well i can't i don't want to have any more fees or anything like that so i i just put it on another card you put on another card yeah okay obviously and this is okay you're not a credit person and that is okay you don't have to be everyone thinks that everyone wants to be yeah you really don't have to be you really don't you're not dude use because you want to take advantage of the credit card yeah so use the fizz card where you can do exactly that but it's meant for people like you who just cannot manage their finances because you are not a credit you can't manage this and you're you're like okay i don't want to have the fees because i'm at the top so let me just do minimum fee payments on it and 165 dollars of interest is accruing on here that's crazy something on amazon yeah i okay so i made sure to like fix that um i like signed up for amazon um to go like order something real quick and i used to like the student discount or whatnot and i forgot this card was attached because i used to use amazon a lot and this card was still on the payment method.

24:24I just had a moment of confusion. We just talked about how you got laid off in 2020. You said you used this card. Yeah, I used this. Buddy, you're at the credit limit, so there's no way that you used this only right then because you wouldn't have only paid off$100 in four years. So what is the history with this card? Okay, so I did take out a loan with my bank to pay this card off. So it's been paid off already. Like, like, I understand Dave Ramsey more and more every single day of why he refuses to accept consolidation as an option. Yeah, I paid this card off before. But and I paid it off like two years ago.

25:05But this I mean, it's the balance. They gave me a bigger limit. And I just, yeah. Of course I did. So I, yeah, I see now I probably should have closed it. But I that was the only card I had at the time. Why would you need one in your mind? because here's the thing for the consolidation stuff. What people like you end up doing, and again, this is because you're not a credit card person and that is okay. That is not, I'm not like, you're not a credit card person. You're worse than everyone else. It's not that. It's just, you can't manage it. That's fine. So don't use it. Like that's totally chill.

25:36You don't need to be a credit card person. Who cares? But because you didn't fix any of the behaviors that got you in the credit card debt in the first place, all of a sudden you consolidate it and you have so much money you can spend on here again. And without fixing any of the behaviors, you just ballooned it up and you ballooned it up. I did. I did You're not gonna

25:56You're kind of doing this again though You're kind of doing that again You haven't fixed any of the behavior Which is whenever you spend a thousand two hundred dollars On bullshit this month And you're withdrawing your Retirement to pay off a debt You're just gonna build the debt right back up And then have no retirement Because you drained it to pay it off But you didn't fix your behavior that last month Suggests that you're doing it again you didn't learn your lesson i will oh i was gonna take that money i was gonna take that money pay this off yes i got that part and maybe close it because i don't need this card anymore close it not maybe close it you cannot have access to this you don't know how to manage having access to this this is not a tool for your success you are their money making machine yeah dude they're profiting off you like crazy look at that 165 dollars of interest in a month and that's at a low credit card interest rate of 20 percent yeah that's low for a credit card it is for people on this show yeah most people sit at 30 or something well i have a few that are a little up there oh i know but even still you're just doing it again that's so scary you have to close the account if you're going to drain retirement which is okay fine you're doing that you're gonna get hit with fees you're gonna get hit with taxes that's wait so what's your net what's your net you took out 10 what's your net uh it was it was like 76 after all the stuff came out oh my gosh i mean you're also doing at a time when the market is good so you're probably like you had some gains on there and you were just you're like you know what those gains i want to pay taxes on them i figured it would help me and i have time to get that up potentially so i don't know if you know what the word help is because the last time you did it you just this is where you are we're at the max again the last time you did a consolidation type thing and this is you in a way doing it again so I don't know if the word help is what truly applies.

28:14And$3 ,000 of it literally went up in flames anyway. So you just had 30 % interest, essentially. 25, 30 % interest on the... That's what you just took out on your retirement, really. If it breaks down. So you just swapped it. Yeah. Well, I mean, I don't even know. I mean that loan is not even going to cover I don't think I'm going to even get most of that It was a loan? Well no it's no Okay it was a withdrawal I think that's the term they used Alone would have been better probably And closed it Then again I don't think that would have solved your issue Once more but That's my other card right there I know It's right in front of me Apple is$1 ,522.68 with a$52 minimum payment.

29:15Oh. You're purchasing things on here. What are you doing? What are you doing? See, this is what happens. This is what happens. You're going to continue purchasing things even though you pay off a card with that 7. And you can't even pay off that last card with the$7 ,500 you get from the$10 ,000. So what the – what are you doing? Panera Sip Club? Sip Club so you can die from their Charged Lemonade? And then MerchTable.com? They actually discontinued that. And then more Sip Club? They didn't discontinue it. They put it behind the counter. Oh, okay. I do actually like them. But, yeah, no, there's a Panera close to work, and I just go in there to grab something like for breakfast or something before work.

29:59That your parents are paying for. Reminder. In reality. I don't know. I just, it's quick, it's easy. I don't really like cooking that much. So I just prefer to just pick something up. I don't know if that's an option. 50 % of your income goes to rent and your parents give you a fourth of your money. I don't know if that's an option. I don't think want is a word we really get to use. I'm just not like very, like I always, whenever I cook, I just end up making like, it's my pad and I have to throw it away. so it's just a waste of money in my opinion to cook have you heard of recipes well yeah i i'll follow a recipe and then it just doesn't go as planned and then i end up throwing it away maybe you need to start basic recipes like hot oh what is that you put it in your clothes it goes air fryer not i have one of those what's it called what's it called the hot pot insta pot insta pot come on like it's not the most thrilling thing in the world but everything at least tastes like food when it comes out of it i don't really have i don't have an instapot but i mean i that's the word i'll buy you an instapot if that's what gets you out of debt you're getting into the pot you're gonna look under your chair there might be an instapot you know i i don't know it's just uh like i said it's right there it's it's like close to the office i just go on lunch pick something up uh that's this is the car that i use um because the other one's pretty much like maxed out i didn't want to use it but again i have to go back to this you said i don't want to cook like that is not an option yeah this is not an option i don't really get it in sip club that certainly doesn't seem like a option well sip from your faucet dude well okay so they have like tea and coffee oh they do you can just go oh that's really interesting you know that that actually really is interesting because i've never seen if i'm not mistaken i've never seen coffee or tea at the grocery store well okay i i don't know they're just like i said it's it's hot it's like i just go pick it up you can serve yourself i walk to the office it's it's easier when i'm in a rush yes i know that's a want i know i just how does that possibly excuse it i i know why you do it everyone literally knows why you do it everyone understands what this is you didn't have to explain the sip service to us i we know what it is how does it existing justify it to you it's i don't know your parents pay for your bills add up all your utilities and everything for your apartment 62 of your income goes to your living right now you're just the roof over your head living yeah it's it's a yeah it's a nice place i mean i just yes i know which is why it costs that much how does that excuse it i'm so confused by you well okay so like every time i bring up something that you exist and you're like yeah it's because that's what it is okay i okay i secured that unit because i have two dogs and the the unit that i'm in is on the first floor i have access to a yard and it's easier for me to just get you're doing it again you're literally doing it again i don't need to know why it's expensive that the reason doesn't matter i don't care if it's expensive because you get to go in and get a drink i don't care if it's expensive because you're on the ground floor that's not the conversation we're having i'm so confused what are we doing here is is that what goes through your brain with every purchase is the justification because clearly you're just justifying everything you're justifying using your parents if they don't even know it like what are we doing that's immature that's a child you're 24 you're an adult six years well okay i i came here to get help i mean obviously i know that my spending is little out like i should probably get better at managing but if i do not address your mindset you're not getting help because you are so clearly clearly trying to justify things beyond belief dude you just literally tried to justify sip club because they have tea because tea exists there like i said it's it's right there i mean i get it yes i can go to the store Am I the only one that sees this?

34:15Am I broken here? Like, what is happening? Am I... Okay, I honestly... Is this prank week? No, no, no. I just... I didn't even know about it. Somebody at work told me about it. They're like, hey, Shelly, you know, you can just... I don't need to know why. I don't need to know why. I don't need to know why. I don't care. That doesn't matter. All that matters is you do it and you shouldn't. Because you can't afford it. oh my gosh um you talk about going to the bar with all your friends right yeah cool live with one of them why do you live on your own you're 24 it's okay to have a roommate at 24 well i had live in a major city i don't i don't i had a very bad roommate situation okay was it with one of your best friends no oh interesting so let's try to live with one of our best friends but they they all have like partners like they have boyfriends and stuff so i so what happened with the roommate them so i they were my co-workers i had two roommates it was three of us in one apartment um and i just i was younger than them and i how much younger before we play the victim card well they were 26 and i was i was 19 okay so i so you were an adult yeah yeah i i was i i was and i still i am but it's just whenever the situation happened the way that we like split costs wasn't in my my eyes fair i i was paying a lot more than they were why because i had the bigger room oh that that's actually a pretty common thing though usually the person that has the nicer room nicer bedroom pays you know it wasn't nicer it's just i was upstairs it sounds nicer it was i don't know it was it was like right across but one of the girls had their own restroom like i just didn't think it was fair okay okay but why'd you agree to it well at the time i was really like itching and get out of the house uh with my my folks i just wanted independence and uh i mean looking back at it now i i should have just stayed but i can't change that i know yeah that i mean i can't harp on you for that it's not like you're doing that right now what you're doing right now is spending 62 on your roof that i can harp on but what was the bad situation other than you may have gotten an unfair deal well we okay so this was when i was still doing the sales job So I had like, I, where I worked, like I sold furniture and like electronics and stuff.

36:44So I like, uh, we all got together and we're like, okay, we need furniture. We didn't have a couch. We didn't have nothing. Um, so we got like furniture. We got a new TV, washer and dryer. And, uh, both of them. Washer and dryer for an apartment? I would have rented. Yeah, we had hookups. But, um. That's okay. Again, it's in the past. I was the only one with good credit at the time. So I opened a credit line in my name. and financed it all but this it was like with everything i want to say it was like 5 ,000 19 yeah and they were supposed to help this is where it gets pretty messed up they were supposed to help me pay for it but only one of them helped me the other girl kind of like backed out on me yeah that's that's trash that's trash to them i mean they're just they're a bad person so that's it's paid off um it took a few years but i got paid off but that was does that really matter if we got into debt again anyway but yeah but that sucks that's that is a situation and i am sorry that happens and um that doesn't mean that i don't think you get i think that's a learning lesson on taking out debt for other people though i don't think that's a learning lesson on you can't have roommates yeah i just didn't want to go through that again sure but again i think that's a lesson of you could go through that again without having roommates you could go through that again by agreeing to put a vacation with a bunch of friends on a card and that they have to pay you back and then one of them doesn't like you can go through that situation in so many different ways that doesn't mean it's a roommate situation i understand that you're probably associating that with the roommate situation so this is more don't agree to pay for other people that you know you don't fully trust and doesn't have a record of paying you back you know which it sounds like i mean you weren't or your co-workers but maybe not uber close or at least having a track record to them and again they do sound like a piece of me wrong like person but i don't think that means you can't get a roommate again when i want your rent to be closer to 30 that's what i would want 30 35 you're with your you know the roof overhead right now you're 66 but where am i going to find something that's roommates i said and also maybe just not living downtown you might have to commute I have an exciting channel announcement and it's one of the most exciting things we've done so far.

39:03By 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 can 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.

39:32And 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. Even when I moved to Arlington or whatnot, it was still really expensive. I was paying$1 ,200 at that time. Oh, my gosh. What's more expensive,$1 ,200 or$1 ,500? Well, that was... I don't work... You work in downtown Dallas? Yeah. No, Fort Worth.

40:07Downtown Fort Worth. So, I mean, I just... I wanted to be closer to the office. Oh, I know what you wanted. Again, that doesn't... Like, you don't have to tell me that. I just... I don't see myself having roommates again. I just had like a I had multiple sounds like you're not willing to sacrifice though okay in Fort Worth and I can't speak for every single one of these places but I am getting at below 1 ,298 results and those are complexes so then there's units within those complexes so 98 complexes I'm seeing$879 this place actually looks pretty nice it might be a commute it looks it is certainly further from downtown but it actually looks pretty nice has a great community center really nice pool thousand dollars this is like a like a condo that looks nice new apartment building you know might be cheap but it's 900 bucks dude there's options everywhere you just look because you want to live there you're again you're making excuses to live there you're trying to find justifications this took me two seconds like literally two seconds yeah that was not even over exaggeration so i just i don't know i i just i've lived in like places that were we're gonna make an excuse again okay okay i just lived in a place that wasn't that nice and i just wanted to treat myself to a nicer area treat wanted treat wanted treat i don't give a like i mean i care please do not make this a conversation where I literally care about your future more than you do.

41:45This cannot be a thing. If you don't care about your future, there's no point. I care. Not if you care about your wants and sweet treats more. Okay? All right. Congratulations, you've earned points to start redeeming on your care credit rewards card. Okay, that's medical. I had to go get my glasses and stuff. so uh so it was i yeah and i this card is i use it for like two separate things i i have hearing aids so i also use that really whenever i need to get an upgrade but this is for my contacts and glasses well 275.31 is a smaller balance than most there's no interest accruing it's a 30 minimum monthly payment i'm confused why did you put 80 towards it oh well i kind of like calculated with the sales lady she was like if you don't want to pay any interest like you can just pay 80 and then by the time i think it was 16 months i had so 80 i would have paid off my balance without any interest oh so okay no that's fair enough i'm gonna put that in quotes uh parentheses 80 bucks is what we want to aim for okay care credit oh because you are having deferred interest and that'll hit you so absolutely i agree i agree i agree

43:13okay home plus did you get a furniture loan i did i when i moved to my new place i didn't uh well i got rid of my old couch because like it got it was torn up and i just it was time for a new one dude not to suck the zuck but facebook marketplace is great yeah well i mean here here i found a pretty cheap couch it was like 300 bucks yeah but you financed it yeah i didn't have I didn't have the money to like pay out in cash at the time um but I mean the the when I was there they were like hey we can get you no interest and I was like okay and so they were able to like I got like a few other I had to get a few other things to like meet had to well there's like a certain minimum that they have that they can make money off of you yeah so does that make sense then again maybe we just get a couch off of Facebook marketplace for a hundred bucks you know the best people on facebook marketplace the rich because they literally just want someone to come pick up their stuff and they're basically marketing they don't even know what it's worth they're just like i want this gone it's not gonna it's not gonna affect their bottom line it's gonna be like pennies to them i don't know i just haven't really heard good stories about facebook marketplace like okay how many stories have you heard well i've heard a few people say like you know they've been scams or uh you know they they come meet somebody and then they're stood up yeah go with a friend here's a story i've had good experiences on facebook marketplace uh claire one of the people that works here has had a good experience on facebook marketplace i went and picked up furniture with her when she moved here okay so now you've heard two good stories does that offset your bad stories no but i mean i can't do anything now i can't do anything now you're right but you're gonna buy furniture in the future no i think this one's gonna last a few years i won't you're never gonna buy a piece of furniture again well i like i said for a few years or maybe three four years down the line even still three four years down the line i'm trying to prevent you from doing the thing the dumb thing you did at 19 again that was five years ago three four years down the line i want to prevent you from doing that bad thing that's fair yeah yeah well maybe i'll check it out this next time facebook marketplace don't put it on a credit card yeah this one's this is free so you have to make 150 15 a month to yeah pay it off before interest 115 but it's a 30 dollar minimum monthly but you need to do 115 you see what you got yourself into we're 60 what was it 62 percent goes to the roof over your head now these minimum monthly payments are stacking then you go spend 1200 bucks a month on bs you see what you put yourself into that's what happens when we just don't have you ever budgeted before legitimately i've well i've tried but i mean sometimes it hasn't worked no obviously okay just like any guest who comes on here go through our budgeting class dude go through it take the quizzes truly take in the education take it as many times as you want take the investing one as well because you just sold your retirement account so i need you to get back into that eventually and at least you get a hundred dollars for free and coupons that i give you towards your investment account but like for real go through the budgeting one learn how to budget build it out in the class you need to put some education behind those eyeballs dude we need the knowledge and the practice and the discipline because these minimum payments are starting to stack out of control on top of your housing that you cannot afford and you're taking money from your parents and they don't even know why we're gonna call them they are they don't even know i'm here they're about to find out i think if you're really going to take accountability i think you need to actually take accountability not have a conversation and say all right it's good i think you actually not with me you know with me i think you actually need to put a step forward okay welcome authorized users synchrony oh everyone loves a good synchrony card what was this for i think that's still that's my home furniture i believe so because i know it says different oh oh oh yeah yeah i see yep They like have a card.

47:21So the deferred interest so far is$585. Yeah, that's not our choice. We got to pay that. Oh, my gosh. What is this? What is this? What is this? That's the loan that I took out to consolidate my debt on the Discover card. So not only are we still paying off the consolidate loan, but the. So we're still paying off the consolidate loan. All the credit cards are back up. And we just drained our retirement. And that all happened right now. It's going to help pay like those smaller ones. You're consolidating your last consolidation. Oh, my gosh. Yeah. Noah, can we do? I don't even drink, but can we just get in the post show?

48:01Because I'm going to need a thousand drinks after this one. Oh, I have something that will legitimately ruin your day. Are you cool with that? Oh, there's something that's going to ruin my day. Okay. Well, this has already ruined my day, so let's ruin it further. For sure. Okay. Yeah. Yeah. I'm committing. I'm committing. And then I'll tell you to fuck up later if I don't want to. Go back in your corner. Go back in your corner. I'll see you in the post show. Naughty little boy. Consumer loan. Personal loan. Consolidation loan. Yeah. It's almost paid off. It's like halfway there. Noah's getting ambitious.

48:36He stepped out here today.

48:41$7 ,000.

48:45Oh, that's the original. Principal paid today. what's it at right now what's the balance of it for this i can check i have the app let me see it's at 10.5 percent it just kill me i actually got a discount on that i got like a lower apr because oh man i was an employee where yeah yeah it's not it's got such a good deal i think it's like at like 3200 left to pay it off so i'm like a little bit more than halfway like paid off i've had it when did you consolidate again um i don't know i i'm considering it because i know that the the loan isn't gonna ask when did you take out the consolidation loan oh this i took this out like in 2022 like around november of 2022 a couple years yeah yeah money owed to parents so not only do they give you money but you literally owe them money i do for what the moving situation.

49:45Remember I had to pay two rents so they helped me pay one of them. So yeah. But they're not like rushing me. They said take your time whenever you can get it back to us. I asked if I could do monthly payments and they said no. They said they wanted it all back at once. You know it would be their money paying them back. I'm not proud of it. I didn't want to pay I'm not saying you're proud of any of this. Don't get me wrong. It's more the justifications constantly. Less on this one, but the rest. I think it just makes me feel better because I'm not. What does? Trying to justify everything. Well, yeah, that's what you're doing.

50:27It's your human brain. We're all flawed. We're dumb little creatures. We think we're more special than we are. Now we're like, we barely even exist. We're surviving. Like, of course. This is what your brain's trying to do to fight the fact that you've done some bullshit. And you're finally getting called out for it. That's what happens. But we need to wake up. Checking account. Balance the statement. $30? $30? And you have$1 ,500 rent. Oh, my gosh. Oh, my goodness. I did just get paid. I did just get paid. Oh, thank you. Yeah. And I paid to rent yesterday. Well, we also did Sonic Drive-Thru, Raising Cane, Hulu, Amazon Prime, Best Buy,$648!

51:16That was a gift. That was a gift that I just purchased. It was for my mom's birthday. You can't! I know, but my dad went half with me, so I didn't see him. I don't give a s***! I don't give a s***! You can't afford it! Daddy, I cannot afford it! I can't do this gift! I know. I just, I didn't, I would feel bad if I didn't get her anything. so I was okay alright yeah yeah yeah you don't feel bad about dying in poverty I feel bad about that oh okay which one would feel worse second one choices choices there's no one money out to fee fee that's my best friend okay I thought it was like a double fee Apple bill jack in the box specs jack in the box jack in the box all right top of the curly fries dude it's right there by like on by my office so i just congratulations i'm thrilled for the proximity of jack in the box close to your office okay all right is do you have to walk through the jack in the box to get to your desk no oh then you don't have to stop there that's interesting raising canes is that on the other side is that at the exit door of the office oh my gosh it actually is great i just go where it's closest um yeah i know i probably shouldn't be going there as you know it's the closest when you wake up your kitchen jack in the box netflix wing stop fortnight fortnight the f*** are you doing uh well some of my friends like live abroad like they're all over the place so we we like meet up and like play games whenever we can so i was yeah i paid it's a free game uh well no we we were like we were trying to get like matching skins and stuff and so that's what that is there was like this billy eilish skin that they like were dying to have and so i get yeah i probably shouldn't have done that i gifted them all like their own so we could be matching i don't know it's a fun pastime that's what i do when i get off work when i don't have school i just play a whole ton of games you just spend money on getting billy eilish skins i know it sounds silly but it's stop erasing canes then buy billy eilish skins like i said it's just for me to kind of connect with my friends that are i don't know how billy eilish even runs with those things anyway

53:53texaco texaco going inside getting some fortnight again Fortnite again? Oh my f***, what are we doing? I was gifting my friends $54 on Fortnite Those V-Bucks are expensive So maybe we don't do them Okay, yeah What were you? It was like a spur of the moment I was like, sure Jack in the box AI Oh, that's for that's like the music technology I use for I sing sometimes at my church and so I have to use that to filter the tracks so that I can filter the tracks? Yeah like I have to take the lead vocals out just to leave like the instrumental and the backing karaoke you can't search for karaoke version?

54:47Well no because it's like a whole thing like my church we can't get any copyright strikes so we have to like use like pay for the the service and the song it's like a whole thing but i think i can get reimbursed for that so you have to how much it was five bucks no i know but how much you spend for this because everyone else they just get up there and they go oh my god is an awesome god we friends well i'm i don't think they're paying for that no they're not they're not it's just we have a small like i there's not much really we don't have a band or anything so i have to have something in the back okay jack in the box nintendo jack in the box social house no way oh that was 14 dollars thank you guys wait whoa 14 dollars check the old spectrum that was that was expensive okay there's your rent panera bread hey mixing it up jack in the box apple bill after apple but what are you getting gems and game app tokens because you do it again.

55:49I have Apple one. I pay for my family's Apple. You have three Apple bills.

55:58Some of these are Apple one and then the other one my dad has a subscription to upgrade his iCloud storage. What's the last one? I don't know. I don't know what it is. Then he went inside and got some. Oh! Guys, I was excited. I was excited walking into this because I was like, this dude, look at her. $24 ,000,$10 ,000 saved up for retirement. That's the loan that I took out. It's not a loan. You withdrew it. Yeah. The loan's different. So... I still have one, like with my current employer. $3 ,000. You went from$13 ,000 to$3 ,000.

56:41That's your retirement. that's your retirement well to be honest i thought when i took it out i was gonna have 10 000 but after speaking to the guy on the phone he was like there was a bunch of fees and taxes that need to be taken out so ended up then why did you decide to still do it because that's maybe we're a little like okay i needed i i needed it because obviously my my credit cards Did we, did we, perhaps, remind me, the last five, ten minutes, have we not gone over going to Jack in the Box every day of our lives? So did you need to withdraw your retirement? Or did you need to get some curly fries?