He's All Over The Place

33:31You're lucky. Another reason you can afford things, you got your tax refund of$1 ,400. Yeah. Because someone doesn't claim this money. No, no, no. That's not why. It was because I didn't get a stimulus check. So that's why someone's money came in. No, but that number would not be that if you're... No, my stimulus brought in$1 ,200. It probably would have been... No, no, no. Yeah, yeah. I get what you're saying. I would have paid way more in taxes because I would have been claiming my cash. Why should the refund have been the same? Because it would have been taken... Well, it depends. I would have been paid out less.

33:59Yes, exactly. I understand that, but I wouldn't have had to pay back taxes. These are very important rules. If you want to live a good life and you just don't want to be a f***er, these are the good rules. You need an emergency fund. Rule number two, you're breaking that. Does that fit in the budget? No, 60 % was bulls***. It doesn't. So breaking number one. And number two, don't hold a credit card balance. Breaking number three. I actually brought my credit card to set that up. To chop? Good. Do you have a car? I do. My car's paid off. You have a car loan? Good. Good. You're not breaking rule number four.

34:30I will say though. Live someplace you can actually afford. You're living with family. You're doing good with that. Stop around with work. Rule number six. You are around with work. Rule number six. This is a very important rule for him. That's why we have this rule book. You can get it in the description below. You're around with work, dude. You're working two hours a week. Two hours a week at a job that is not making you as much as you can make because you just keep bailing on everything you try to do and you just don't focus up on what you want to do. You take these different programs, sign up for everything.

35:01You're with work. So speak on like the work position. Speak on it. I, the reason why my work predicament is what it is, is because I make a decent amount of money. Like I'm bringing in$3 ,000 a month on three days a week of work. I get scheduled two days, but I try to pick up anywhere from two to three extra shifts. And if you can't, you get another job as well. But we just recently went through slow season. So like I pulled in almost. How is that slow season? Winter is not slow season? No, we're coming out of slow season. So, like. So, summer is slow season? No, September. Like, when kids. August, late August to, like, mid-October is the slow season for restaurants everywhere, not just where I work.

35:41Yeah, yeah, yeah. Because parents are going back. Or parents are, like. Sorry. Less likely to spend money. Sorry, just interrupting. The context is because I know where you work. We're not going to say it. But, I mean, that's why I was so confused in the moment. But it's, like, the restaurant industry. I mean, that specific place. It's a special place. Yes, but it does have down times. I still make decent money for restaurants because of where I work, but the restaurant industry as a whole slows down drastically from like mid-August to mid-October. How is that place in the winter though? Is it going to pick up?

36:15It's brand new. So it should because it's very unique in what it is. Rule number seven, school can be cool. This is just, you got to do it right, man. And you've not been doing it right. You've been signing up for every program. You're the first one to break rule number seven since we've created this. Yeah, because you're just doing everything and everything. You're taking every certification. You're doing everything. You're borrowing Sally Mae, all this around. It can be cool. You're doing it wrong. So you're breaking what? Five, six rules out of the how to not be a list. Why not? Yeah, retirement is retirement.

36:50Cancel your subscriptions. I didn't see a ton of them, but that's rule number 10. I do have a couple Well not anymore Heard All this debt See this No more Well that did not work No more None of that spending We could have just pretended it did But But Yeah Okay Okay I get the symbolism We can make the budget We can do all this And I want to It doesn't matter If you don't stop F***ing around If you actually take control Are you going to Even though you've been watching this content for a year and that's what last month looked like, are you going to actually, for the first time in your life, actually give a shit and actually take control and not end up towards the list?

37:33Yeah. I can say that with 100 % confidence. And also, to preface the whole me watching the show thing, I've been watching the show for a long time, and me watching the show was not the thing that made me say, oh, yeah, let me fix my situation. It was the more recent stuff. The breakup? Yeah, in general. um i was knowledgeable about my predicament being bad i wasn't um not necessarily driven but focused on it um i do feel like i said earlier like there's a certain interpretation of who i want to be as a person and tell me so i want to be reliable like i want to be someone that like can be counted on i want to be somebody who um not only looks like they have their together but like has their together like i don't want to be a typical person that's like like for instance I love them great people again like my parents like they're not the most financially sound um and I want to be somebody that people can come to for advice or like information or like lead as an example to say all right this is what or like what I should be doing essentially well I do want to say I mean you made a step towards that uh paying back your girlfriend who helped make sure that that dog wasn't put down that night that was a big step that's a responsible it shows you're responsible shows that you know you have the maturity inside of you so we just need to harness that energy um i will say like i think it's definitely been like a discipline thing a combination of things like i know it's a lack of discipline it's a lack of like a big thing is like fomo like i hate missing out on stuff and then like going to work and then like i said i work two days a week a lot happens within you know it's a big fomo though i'll tell you this edging towards 60 everyone else is retiring around you and you're dying at walmart and dying on the floor that'll be a pretty big FOMO everyone else to go on their retirement vacations driving topless Corvettes sure and you know maybe the people they're driving with is topless too maybe this is an amazing day maybe retirement's fantastic you can't wait but I actually say that too I mean I know my retirement's not looking too hot but well actually I didn't have a statement for it what's in there's no retirement but I'm saying like yeah that's not too hot yeah yeah okay if you're gonna use a card man use the fizz card i i even actually say that for you because the benefits are geared towards college students i just like them and i like partnering with them because i know everyone on this show you want to use credit cards you want to build credit so at least take advantage of that i'm gonna be 100 % honest i'm probably not even gonna do that just because i feel like hey you do you like i feel like my credit isn't gonna help me with anything particularly right right now but that's right right now right now i feel like i'm more worried about the debt as opposed to me fixing my credit oh it's just gonna capture your rent but you don't have rent do you give your family anything okay and then you don't add anything to utilities or anything either it's just flat 200 good that's gonna save you yeah it's gonna save you my goodness how does the grocery and food situation and uh preparing meals work at the home um my mother cooks dinner and i do have the option to eat it but typically uh i've been like trying to like lose weight and like get into shape so i've been like cooking for Are there unhealthy meals?

40:39A lot of fried stuff because I'm Puerto Rican, and Puerto Ricans eat a lot of fried food.

40:45Balancing with the food. Okay. So can we say$200 a month on groceries where that gives you the food options to cook when something is unhealthy and then eat what is prepared and healthy when she makes that? Also, portion control helps as well, but I know it's not as easy as that. I've kind of been meal prepping in a way. So like Okay 300 I'll give you the traditional 300 That we have proven works for A single individual Yeah and then I'll go ahead and promise that if there's any excess balance I'll put it towards my debt Damn right Toilet paper anything to keep you alive Giving you 50 I do buy all of my toiletries This is everything you need for Surviving I'm giving you 50 though Okay I'll give you 75 Okay Gas that's steep um well honestly it's not that bad um gas was really expensive in florida at some point in time but now it's starting to go back down um i'll go ahead and say say i do like 40 a week oh yeah so like 160 what's that i mean it'd be 120 but oh yeah yeah sorry no it's okay um no how 40 a week there's four weeks in a month it'd be 160.

42:08I'm the dumb one. Public math is hard. On the spot. You are right. You're right. Okay. So 160 for that. Car insurance.

42:23220. I don't know if it's 220 or 220. I just recently switched car insurance. I did 228, but eee. Yeah, I was with. 100 for tolls. Yeah, that's perfect. we'll see if that fits in I know that it probably would still be like I don't know you're going to have to do the math yeah I've been told well the thing is that I've been told math wise it makes more sense to like take the toll maybe but I've never fact checked myself so I probably should I mean you're also putting mileage on your car maintenance I mean you never know okay and phone bill one I want to say 150 you pay for it right yeah Yeah How's health insurance right now?

43:07Non-existent Are your parents on health insurance? I couldn't tell you Well, this would have been your last year to be on there Yeah, no, no, no I was on my dad's insurance I might honestly still be I don't know if it gets cut soft at 25 I think it's 26 if I'm not mistaken No, it's definitely 25 Is it 25? Yeah, I actually had a predicament in which I didn't have to go to the doctor But I chose to go to the doctor Because I was in my last year of insurance And they told me it was 25 I just don't know if it's like cut off at the year of 25 or like right before the year of 25 because I was still 24.

43:38Oh, okay. Yeah. I do have like some basic care through my job. So like I do get free therapy. Good. But in terms of like getting a physical and like all of that stuff. Well, are you on any medication? No. Okay. So I don't need to put anything in for medical? Okay.

43:58I'd like to think, knock on wood, that I'm pretty healthy. Sure. No subscriptions. I do have some subscriptions No no no not in your budget I'm saying like Currently I do have Yeah they'll be cancelled I'm just I'm checking that I'm probably just I'm probably just brain No it is 26 it's when you turn 26 In the state of Florida? No nationwide it's national law When they pass the ACA I guess I probably do still have insurance For another half a year okay even still man i'd recommend it um it's gonna be hard you know you might be on the exchanges at your my ex is doing like public insurance and yeah she makes a similar wage to what i do and let's get you to make more money and figure out a career path that's what i want let's get you a place that offers so um i was gonna ask you because i did have full intentions to go through this ekg course and i did want to get like you paid for you better uh no i'm gonna complete it but in terms of like getting a job yeah starting pay is like 15 an hour and then like the max pay is like 18 how many hours though don't you get the can't you can't you work like 80 hours a week i'm hoping it'd be a full-time job um currently like so for instance me going through the slow season i've only really been able to work two to three shifts um a week which has put me at a little bit below 3 000 but when it's busy i'm at an opportunity to make an expo like a crazy amount more so like for instance um i was making uh four thousand dollars a month um doing like in in the summers and that was me working three to four instead of two to three coming into the winter i should be able to work four to five i mean just do whatever makes mathematical sense but also think of the career path that you'll want to go on medical you can typically work yeah but okay so for preference my friend makes um a similar way to what i'd be making in the ukg course and i make more than what he makes currently working at the hospital okay there you go if that's not in the car you want to go down then i mean it's just it's really hard i trust me i want to work i it's really hard to get full-time where i work um no that's fine So we get a second A second job Yeah Okay anything else In your budget That I'm missing We have Rent food Toiletries Toiletries And Gas tolls Gas tolls Car insurance Phone Off the top of my head Okay well I gotta get your Debt minimum monthly payments Obviously

46:33I'm gonna put the hundred in Cause that's gonna start In a second For the In a couple months Yeah so we may as well Put that in for simplicity's sake. A couple months goes by quick. Yeah, no surprise. Your biggest holder of your budget is your debt at$774 a month. Which is wild.

47:00So, you should have an extra$1 ,000 left over, man. It should be a bit more than that. What do you have my budget at? $1 ,987? No, that's not right. I make let's see 774 oh whoa whoa you said how much do you have me making a month 3000 okay cool yeah so we're right you made me delete that I'm sorry before I could write it down I'm sorry so my minimum debt payments are almost$800 almost so you need in order to survive 1 ,800 1 ,987 you live with your family so I'm gonna take a more risky avenue instead of doing the one month emergency fund like we normally do. You live with family. You have a backdrop.

47:42If you need to eat, you can eat their food. They're not going to let you die on the street, Ivo. Not very accommodating. Oh, Grandpa. I forgot about Grandpa. How much is Grandpa? $1 ,500. Are there minimum payments or is it just payback? Like I said, I wouldn't be surprised if he totally forgot about it. You haven't. No, never could I ever. According to the survey I ran, 33 % of you are not investing. So I don't know if you just want me to yell at you or if you're genuinely unsure of how to get started. Either way, you need to know about the brokerage app that I personally use for my single stock picks.

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49:02They have things like how to read an earnings report and a lot of other lessons that are designed to help you learn the valuable lessons that most go to college for. And to help you get started, Moo Moo is offering my audience a welcome bonus of 15 free stocks when you make your first deposit with the link below. I did many months of testing of this app to see if it's something I actually wanted to recommend to you all. And I can honestly say that I love their analysis, their education, and I use them for my single stock pick. So check it out. It's pretty cool. okay so with that then we're immediately going to start throwing this two thousand or one thousand we're just going to say a thousand for the sake of ease on to the debts starting now first month uh the end of this month actually since you'll have like 750 bucks left you're killing discover and you're killing best buy um it's a question it's not like me fighting you on it because i'll do that um i was gonna wait to pay the affirms um last like why because they're the highest interest they're the highest interest the lowest balance so you may as well kill them because i looked at how much i saved it's literally like a couple dollars yeah i don't care though it goes with the avalanche and snowball method at the same time so you may as well kill it it was just a thing of in my head of like the not even about that you're right okay you're right Because it's only getting a couple of dollars of interest, right?

50:22Because. Well, no. I'm sorry. And you're killing the Amazon. The reason you do them is because we're freeing up minimum monthly payments right now. You free up the minimum monthly payments, you're able to start throwing that into the other debt. Okay. What were you going to say? No, what I said is just. So, like, I think I save, like, seven bucks if I pay off the Amazon firm. And then I think I save, like, 30 bucks if I pay off the. and that's without the payments that I've just made. We're freeing up minimum monthly payment and we're taking care of 35 % death insanity interest rate. Amazon Best Buy Discovery paid off by the end of this month.

50:57This month. This month. Paid off. Not a question. So Affirm and Discovery. Yep. Okay. Cool. Next month. Walmart Capital One dead. And$500. Wait. No, we're going to save Grandpa to the end. $500 will be thrown towards...

51:24Wouldn't it be the saver one? Maybe. Medical school is next and snowball, but that doesn't necessarily make sense. It doesn't have any interest. I know. When does interest accrue on it? It never does. So it's$100 forever? Yeah. No interest. Okay. Minimum monthly payment until it's paid off. So we put that towards Sally Mae next then. Sally Mae$500 is put towards it And that's the end of month number two We're making progress quick man Quick because you're actually taking control of your life for the first time in your mother's life So this is great This is incredible This is awesome for the first time ever Cool $2 ,000 left Oh sorry I read Sally Mae's$2 ,000 Not$27 ,000 Nevermind Okay yep you threw the$500 towards the savior

52:13Wonderful So month number three then

52:20Month number three we should be paying off the Savior card Just about A little hangover into month number four A little, a couple bucks Cool, month number four Because of Sally Mae's insane I'd love to pay off Grandpa because Sally Mae's insane I had full intentions to pay him off Because this is going to make me sound really here uh well no it's something in which and why i would want to pay off to sally may before my grandfather as well he actually co-signed for me on that loan so the debt is also in his name just as much as it is it at just as much as it is in mine so absolutely yeah absolutely good call 25 000 left at that time probably we'll see i don't know okay so throwing

53:09um do you know what I did wrong no I'm assuming something that's gonna no the situation's been going way too fast because for some reason I was throwing what your monthly budget is towards it and not the extra thousand so well but that's okay because we can easily map that so it takes twice as long so it's taking twice as long so we're headed into month number six six now. Well, no, no, no, no. Cause we were headed into month number three. So it took two months. No, well, yeah. Eight. Cause you had hangover from month number three into month number four for my saver one card. So no, see, that's what I thought.

53:48You, uh, four and a half months from now. Um, so I'm calling that, uh, a total of this being one month. This is going to be the half month. So four months from now. So we're going to be starting, let's call this month one. it's going to take five months. We're starting month number six now. Okay. Month number six now. Month number six, we've taken care of Capital One, Discover, Savior, Best Buy, Amazon. Okay. So, you'll have a little extra money left over, not too much. I mean, we have an extra couple hundred bucks we can start throwing towards things, $25 ,000. Divide that by, let's call it$1 ,200 now.

54:3321 months. And that's where the don't f*** around with your work how to not be a f*** rule applies here. You need to make more money. We're getting a second job if you can't get enough hours. You're doubling your income. It's really not a choice. I want this to be paid off in a year once you start it. Not two years. Okay. So that's what I need you to do. If not, now we're two years and almost a quarter into this process. and we can finally pay grandpa off. Yeah. Unacceptable. I need you to get year and a half, year and a half, you're through all the credit cards and the affirms and Sally Mae, year and a half, sacrificing everything, living with your family, not spending any money on fun.

55:14You can go have fun. It's free. Swim in the ocean. You're pretty close to it. That's super close. Actually, no, I'm not. You're pretty close compared to most people. Well, Orlando, Central Florida. I know, but what is it, like three hours? Less, actually. There you go. You're close to an ocean. I'm not close at all. Dude, I'm from the Midwest. You're close to the ocean. Oh my gosh. You're close to the ocean. It would have taken me 12 hours to get to the ocean where I'm from. Three hours now. But no one likes going to f***ing Galveston to swim. I don't know. Because it's gross. I couldn't tell you what Galveston is.

55:45Nasty. Never heard of it. Nasty water. Okay. That's what I want you to do is a year and a half I want you to do it. Or you can send this to two and a half years. That doesn't make sense though. I would like to get it Obviously done sooner rather than later So I agree with you on that front I do want To wait until after the winter To get a second job just because I know that this is a big opportunity for me to make A lot of money No I don't think you heard what I said If you can't get the money at your job If you can't get the hours at your job You get the second job Work as much as you can at that job You're picking up extra if you're not getting it Okay You're working Well how many hours a week Are you gonna work Oh five shifts So anywhere Okay So go pick up two shifts Somewhere else Okay You don't need to have A life right now man Okay You really don't You just broke up You're taking a break anyway So if you're hooking up With people That's gonna take like Two hours of your time Cool Great So like Just work Work Yeah You may as well For your future Yeah It's worth it man I promise Again I was in worse death than this.

56:57I was in worse death than this. I sacrificed. I sacrificed hard. Life well before I started YouTube. Fantastic. Incredible. Yeah. Because I actually sacrificed and did what was necessary. Do that now. Yeah. And then pay your grandpa off. I would minimum monthly payment. The little med thing you took out until it's paid off. After that, you need to get a fully funded emergency fund or whatever your apartment. Because you can move on at that time. We need to start thinking about careers too. Gosh. oh there's we could talk for another hour just on that um i've done a lot of like career aptitude tests and like i've done like i know but then you just randomly go sign up for other bulls i think yeah that's 100 correct i don't disagree with that i just feel like i can't really see myself not see myself doing anything because i know what i like to do like i do like talking to people communicating i do like um like presenting myself in a professional manner in a social setting the problem is that I can't see myself doing anything to where it's like if you like talking to people why do you think you're going to be bad in sales I went through the whole um not the whole course careers things but like halfway through I kind of realized that there was a lot of aspects about the job that I'm not like like too comfortable what about sales in general outside of tech was it the tech component uh no it wasn't the tech component it was the sales component like I don't like the idea of having to like pester people and like go back like three four or five times to then sales yeah it's i'm not afraid of like hard work it's just that i don't want to inconvenience anybody by like being like hey i know i've talked to you four times but here i am another week away talking to you a fifth time you know what i mean like that's not something in which i feel but comfortable i will say this and this is a light but i mean sometimes i mean yeah you're right you could get a job and you know you're selling and that sucks but you could get a job where you're actually selling something that is like helpful and good yeah and if you're pestering and you actually make a sale on that that could be something that's actually beneficial to that person so it doesn't all equal bad yeah you're right there are some that are i just feel like that component is there whether it's a good part well product or not like the way i see it is like so if i have something that benefits your life and i do genuinely feel like it'd make your company a better company or i do feel like it'd be positive addition to your life if you don't want it for yourself i don't want to feel like i'm like what about customer support i could do that like work work in customer uh maybe a certification customer service like you don't need that to get an entry level customer service job but what i would want you to get on is not a temporary customer service job is to get into the door in customer service and start making your way up yeah customer service manager start looking at something like that if you're a people person if you like working in the professional setting if you like all that it screams that if you like helping people it screams that yeah customer service isn't the you know call center tech job for seven bucks an hour yeah that's not what i'm talking about so i'm talking maybe maybe looking for a certification for that not that i want you to go get your millionth uh but that might be worth something considering yeah i was gonna say go on you know you need to think long and hard about that what i need you to do and you can do that while you're doing this but what i need you to do now is take care of this debt for the first time in your life get a six-month emergency fund then you have nothing in retirement at 25 that's terrifying you start contributing 20 to retirement after you get a fully funded emergency fund and all bad debts are paid off yeah do that so you have a chance for future um i will say um the company i work for is opening some newer restaurants so um this new restaurant that I just like was a part of the opening team for I was hoping to get full-time out of it and it just didn't work out that way um so there's gonna be sometimes don't work out another opportunity for me to get a full-time position I'm actually like like I'm trying to like study wines and stuff like that and um all right well we just found another well no no it's not I'm already in the profession of serving so I could see myself being a full-time to do you can see yourself doing it there's an option but you took all those other things so is there option what do you want to do i don't know i couldn't tell you okay it's my it's been my lifelong question since i've graduated high school you've discovered through court uh career quizzes that maybe hr and stuff like that but you just don't want to do the college necessary yeah that's exactly it you've accumulated a lot of credit hours over the years have you not um there's like a good two or three semesters where i just gave up halfway through so i'm like right at my aa in general studies.

1:01:39So I would then need to transfer to a bachelor's degree and then do whatever prereqs are required there, which, I mean, for communications probably wouldn't be anything crazy. All right, man. That's something you're going to have to figure out a path on. You need to think long and hard. Don't just jump at something, though. Any opportunity, especially when it costs money, don't just jump at something just because it's an option. No more of that. I thought I learned that lesson with the whole UCF cybersecurity thing. And then like the medical opportunity presented itself. And I was like, boom, that's what my identity is going to be for the next few months.

1:02:15And I'm ahead in the course, but it's just a matter of whether or not I want to pursue it as a career. Cause I want you to get in the career path so you can start investing as well. Because I mean, that's, that's the scary part is because right now you have nothing and you're losing the best decade of, you know, compound growth. And like, it's not complicated either. Like, man you take your 401k you do like a roth ira and once you've maxed out all that stuff out if you don't even want to think about it you can just like throw money at vora you know i've started putting money in there and i get a one percent match after a couple years of vesting it's it's good stuff man yeah it's good stuff and i need you to take advantage of that but there's so many steps we have to do first so focus on the now yeah focus on the now then i'll get out of debt get a fully front of the emergency fund yeah sounds like a plan any questions any final thoughts No, no questions.

1:03:03I guess I just want to say thank you for the opportunity. It's been a first of many for me to come here. Like, it's the first time traveling by myself. Wow. With no other, like, partners or siblings or anything like that. So that was, like, a new experience. This is the first time I've ever, like, exposed to, like, a camera or film. So it's also a pretty cool experience. And I do genuinely want to fix my predicament. So that's probably, like, the biggest thank you. For spending in a budget, I mean, come on. 60 % going to both when barely anyone's going towards debt. That's a zero out of 10. Hard, strict, right there.

1:03:36Debt, as bad as you can get without collections or IRS debt. So one out of 10. Merchants fund, there's nothing. Zero out of 10. Retirement savings, there's nothing. Zero out of 10. Real estate, there's nothing. Zero out of 10. So that's going to be a hammer financial score. Zero out of 10. Make sure to check out all the resources linked in the description below, like the budgeting course and other resources that I personally use or would use in specific situations. thanks to all of our patreon producers for making this episode possible if you want to participate in an episode of financial audit and you're able to make it to austin texas please fill out an application in the survey linked in the description below you can also send a link to your friends or family who you think might be good to be on the show if you have any questions you can email