I've Never Been Lied To This Much

0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube. Are you f***ing me? Are you f***ing me? Are you sitting here to f*** me? Is that what is happening right now? How'd you tell me you were paying for it? In the beginning I was. That's not what you said. My name is David and I'm 23 years old and I am based off of Dallas, Texas. And this is the Financial Audit. Thanks for coming down from Dallas. What do you do out there for a living? I work as a sales manager for a production company. Oh, I love sales. Well, a production house rental thing. we it's categorized like that and what are you making uh about 50 50 000 a year is some of that bonuses commission or is that just a hourly salary salary it's a salaried one salary at 50 yes uh it's potential for uh there's potential for commission but that hasn't been implemented yet so it hasn't been implemented how is a sales manager being a sales manager without out incentive for making the team go out and sell isn't that the whole point um fly from this plant right next to us all right get out of here um yeah that that i blame our corporate office so uh our lead team so you're making fifty thousand dollars a year yeah okay which we had three thousand ten dollars come in last month from payroll yeah net cool so david what is going on spoiler alert i already know for the lads out there what is going on because we got a couple things i'm like you know this dude's kind of average then i got some things i'm like you know this guy might be in the right direction and then all of a sudden i get to some things and i'm like what the is david doing what is he possibly doing why is he ruining his life at 23 so what is going on um i think it's just my um my reason to be generous uh i guess that's to blame for it um the missing a payment is being generous is not being generous to your future there's a miss payment oh you don't even know no oh really no i've i've looked at everything i've said nothing missed payments oh if you're talking like like uh like because i've done like credit checks and this is no missed payments oh yeah that one oh oh that one yeah what the buddy yeah that's um that's my brother's one that's my brother so you mean what do you mean so my brother works as a diesel tech and so he just got a job with freightliner okay and um what do you mean that's your brothers though that no wait so it's under my card but he purchased a toolbox set and so so your responsibility if your name's under it you make your bills you pay your bills you make your pays bills paid i asked him to send him money and i i try to get it in time doesn't matter if he didn't send the money you still have to pay this your bills it's under your account yeah that's my fault that's okay so never missed the payment first document in the pile is a missed payment so what is going on was my question and let's get an answer now because that's sure generosity involved you helping get your brother toolbox whatever but then you didn't pay your bills that's not a generous thing so tell me what is going on so i the the reason for that one is for so i keep what is going on with your finances i am in debt so i don't know how to manage my money and it's clearly there um classic american sure right um and i don't know i just i keep digging myself into a hole i you know i try to find opportunities to get myself out of it but find opportunities okay so what opportunities are you pursuing to get out of this um i've i've looked at some different ways to uh get rid of it like consolidating it that didn't work out so well what happened um i don't know if you have it there with you but i have a personal loan yeah yes that was for clearing out those credit cards the credit cards that i see right now that are still having balances and accruing interest and yeah so you built them back up yep this is why i just get closer and closer i swear every day in my life i just get closer and closer and closer to just like essentially just like dave ramsey's opinion of never consolidate debt i still hate that because things should be once should not be one size fits all and there are nuances in life but i swear every single person that comes on the show and says that they consolidated something turns out to be like this and just build it right back up yeah and that personal loans accruing interest yeah and now all the credit cards are accruing interest yeah that was uh i wasn't my i thought i could get out of it by doing that but that's i just keep on digging myself into oh i see the money there and i'm just gravitate towards it you also said and i let's go back to it you said you are trying to find ways to dig out of it right it's finding a way to dig out of it

5:34spending 12 of your spending going out to eat plus an additional 7 stopping the gas stations getting is that digging your way out of it is that finding a way to dig your way out of it those are my vices that i kind of so are your vices digging out of it or are you just rolling around in the hole probably just rolling around rolling around in the hole so be real with me then you haven't been trying to dig out of it i'm pushing back i know i'm pushing back pretty hard we just started yeah lovely guy trust me it's not just in it's this is just about money it's It's not about just you. You know, you.

6:11I'm not just bullying you for being you. But I need to get across that we can't just sit here and we're there. I'm trying to get my way out of it. I'm trying to find ways to take myself out of it. If your behavior is not connecting to that in any way whatsoever.

6:28Yeah, that's what they say rolling around. How long have you been in debt? Two and a half years. Okay, so starting around 21. Yeah. what changed to 21 why'd you get into debt um my uh i was trying to help i was living with my sister because she was having um father uh that baby daddy issues baby daddy issues okay so you know being the older sister you know try to help her out that doesn't make sense you're just like what okay okay that's because i was just never heard oh the older sister that's the one we help out but okay sure but i'm the heart the heart's good so try to help her uh and uh for the span of six to eight months kind of just kept occurring occurring occurring and not you know just putting the minimum in and not really just well how are you helping her out why does that equal debt for you what do you mean why does helping her out equal debt for you what were you doing uh recovering like all her expenses no i was you know light bill here uh mainly the light one and then the wi-fi one and then uh that but those are yes those are so utilities utilities is what led to your financial destruction uh no it doesn't make sense it's not my own okay but you're saying this started by taking care of your sister and then i asked okay so what taking care of your sister put you in the hole and you're saying taking care of utilities.

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9:19It's time to take your financial future seriously. begin your investing adventure with muumuu right now by clicking the link in the description box below it's a mix of a lot of things there's really not just a set way it's me being reckless and saying here just use the card here just use the card they're using the card yeah okay well this is interesting so you're using the card now with your brother hey brother go buy the toolbox that's his version of baby daddy and then we go get sister two years ago with the baby daddy and we're giving her the card so we're giving other people credit cards well they're um the main one was the uh i think you can see on the phone was the apple card one that one uh i added them as participants so they build up their credit on there even though it's already high in usage okay you came with a girlfriend today yeah do you give her the card no okay so why or is it a family card not girlfriend just trying to understand your psychology behind giving this card so many people for things the from that situation it's uh i i don't give it just because that i just don't want to give another person another card i've stopped uh the access to the card to my brother's like i cut it off oh they had like literal access like you weren't just like here take this go make a purchase they had access to it yeah they had a digital card on there no to a fit like a sibling that's a terrible idea that's a terrible idea please do not do that's a terrible did you offer that out of the gate or was it asked for um i i saw that they could like being an authorized user could no if you ever want to give a gift for them to do something let them be an authorized user on the cash that you give them in that moment that's that's dangerous dude especially you don't like how's their behavior with spending and managing money um it there's a small mine was i was the biggest user out of those cards they were doing like oh hey can i have like 20 bucks in gas can i get 20 bucks in gas how's your boundary with your families i'm sorry how's your boundary your boundaries in these relationships okay i'm not there so this family growing up tight net yeah yep tight net family it's very Close?

11:40Okay. Yeah. All right. Give yourself a score. Zero being the worst for your finances. Ten being the best. Five being average. Basic. Doing okay. Three. Three? Yeah. Bold for someone missing a payment. If you want your Hammer Financial score, it's free in the description below. Also, be nice to him. Give him some love. He had the balls to come on this show. I don't see you applying to be on the show. And only I'm the one who can be Caleb Springer and make a wild thumbnail and title. and beat you around here. But it's because we're just, I want to make very clear just how bad this is. And you didn't even know you had a missing payment.

12:18So it's just like, you need a wake-up call if anyone needs a wake-up call. My gosh, missing payment. What missing payment? First thing in front of me. Okay, so, and that missing payment was a Best Buy card, which has a balance of$968.02 on it. $41 fees because we didn't pay any money. It's a$90 minimum monthly payment. Probably not normally that much. That's probably just like with the late fee doing a catch up. I'm guessing it's about a$45 minimum monthly payment. I think so. Yeah. How do you not have interest? Interest. How do you not have a minimum payment set up? Wait a... Wait a... Wait a...

13:06Buddy! What? It's the second one this year so far. And you said you've never had a late payment. This is your second year. This is your second one this year. Yeah, it was twice. Yeah. So you lie to me. What do you mean? You come here. You say you've never had a mispayment even though I already had information in front of me and went through your documents and knew that you've had a mispayment. You say you've never had a mispayment. Then I sent it to you and I said, oh, that won. But you've had it twice. Twice. this year and this year's barely begun we're still in the first quarter of the year a couple more days this isn't a around zone i i see that and it's the way i try to get out of like seeing those so yeah i see the missed payments but it's like no why'd you lie to me

14:00you knew and you just admitted that you had missed payments but you said i've never had a missed payment why um well i thought those weren't like gonna be reported wise so it's doesn't matter if It's on your credit. You've had missed payments. Yeah. Tell me. Buddy, if we don't get down deep in this, if I don't pull it out of your stomach, man, we're never going to make any progress in your life if we can't get deep down to the core of your issues. And I'm here to dissect every single part of you until we find it out. So tell me. the why'd you lie about having missed payments and why the are you not set up on minimum monthlies um well like i was mentioning before i was set up on auto pay uh and they were going well for they were going well and then we i got stuck and so i just like no money i literally had 20 in my account okay now why because i've seen your spending that seems more of a behavioral choice yeah the spending okay so that's your responsibility to make sure you have the money in the account when you're making a decent income especially at 23 and be able to pay those bills instead of being like wow i spent all my money on fun let me turn off autopay that doesn't make any sense does it uh the way i kind of justified it was um i did uh i forgot when i did these things but uh i had like extra money and so when i would put the money in the account so if you have extra money pay off your debt what are you talking about no that's why if i had extra money i'd say okay yeah i'm gonna deposit into the account and then just draft it from the just take the payment off from there and it'll draw it okay and i'm gonna ask one more time why did you not why'd you lie to me about the most payments um uh i did you not know about them uh well it said it said late fee so I was like okay I was like a day or two off so I was like that shouldn't really matter cause it's still you know it's a missed payment okay okay alrighty as long as we at least have learned that hey buddy make your payments that'll be progress in my book yeah that would be a good choice to do yes oh f*** think of america dude seeing someone with four thousand dollars of credit card debt at such a young age because i'm getting old is just like sad 85 of interest accruing there's still purchases 20 it's not crazy but why would we be putting money on a card that we're only paying the minimum monthly payments towards that is accruing so much interest yeah that one's the one that's like my least favorite thing ever so why'd you put more money on it I know it was minimal but still Cass Oh again I had like Like I have literally no money Which is a choice Here's the spending categories Take a look at it You chose to not have money You spent your money on You bull Yeah So you delay Your financial future I'm trying not to That's what I'm trying to avoid But I guess it's just My habit of just keep on going You're not trying not to That's not trying do you know what the word trying means trying is trying you're not trying you're not trying trying when they indicate behavior and proof behind it not trying

17:47how are you trying um i want you to be able to speak on that i know i'm interjecting um this year um uh just recently i just started so uh i got desperate so there's a which i'm using to try to kind of boost on paying stuff off i'm donating plasma oh okay yeah and um i do since elections are coming up i'm working as a county judge they pay like pretty decent for a day um how much are you making on average on a monthly basis for either of these uh both of them combined preferably the the ones that uh i just did one back in march no no sorry it was uh yeah march 6th so uh a couple weeks ago yeah okay uh i did the uh it was the joint election for the the uh to put them on the ballot and so i worked how often can you do this it's only during election year during the rest of this year how frequently can you do uh like three four more like three times okay so okay the plasma then tell me about that uh so they have they had a promo going on which is which i'm still going through which is you get 800 bucks for coming for eight visits so they split it across 100 bucks a visit wow yeah but you know this isn't an income issue this is your being a issue with your spending i see that yeah that's um i mean i try to justify it by saying i mean i'll get more money later but no it's not justifying that's gross

19:3320 from 7-eleven i'm guessing that's gas yeah best buy looks like it's in an interest-free period when does that end do you know uh well there's three things on there i think two things zero percent finance okay yeah that was um uh one uh one of them is uh my because i was still in college and my macbook was dying i had like a 2015 macbook pro which was dying on me um and i bought uh they had a really good deal going on with the uh the 15 inch the new macbook air uh i got it for like 800 900 bucks in september this year yeah okay so you got the m2 macbook air and it was 900 bucks so you got the base model really those computers are actually pretty okay but you kind of have to get the upgraded options because you have like eight gigs of ram man that's like you can't really do you can open like five chrome books or five uh chrome tabs with that and your computer starts freaking out i wouldn't spend almost a thousand dollars on that the macbooks only become worth it when you can really utilize the chipset but you can't even utilize like the computer in general unless you You get more than eight gigs of RAM.

20:42So I would have rather you got like$900 on a Windows machine at that point. And I'm not like Windows is better than Apple. Apple is better than Windows. But for that price tag, you could have gotten more. Okay. Well, that's a rabbit hole. And we all work on MacBooks here at the office. But when I went and purchased them, those who use MacBook Airs in the producer setting, they got the upgraded options. yeah uh i was thinking about it but that's not yours you can only have one external display anyway you can't use two i didn't know that no okay okay i'm gonna turn it into mkbhd over here so what do you even use this macbook pro other than up you can't even do it in texas anymore i heard about that yeah you heard about it it was a tough head on my chrome it was like you know Yeah, that was the headline, which is on your Chrome.

21:49So are the interest-free all throughout until the end of their scheduled payments? Or are the minimum payments a little less than what it would need to be to pay them off? No. Because you're getting deferred interest. And the moment you don't pay it off, that deferred interest is going to come and bite you. So for the MacBook, that ends in October. They gave me, I think, that's 18 months. period but the payments end in october yeah so i i uh i i figured it out to equal out like 150 200 bucks a month but you're not paying that no you're not paying that you're not paying that yeah yeah across the board though that's for three things so we're gonna have all this back interest hit you oh thank goodness okay that was oh no there it is 362 dollars of back interest on one one of them the other one 153 the other one 45 because it just started that's gonna you man yeah that's gonna like all these together it's gonna almost double the balance because you're not that is not a joke i'm gonna put a like super extra star next to that we gotta attack that at the end of this.

23:06Apple card. Speaking of Apple. That one's the worst. Well, out of all of them, it's not the worst, but it's the one I heavily use. Why? So, I mean, there was a period where I didn't use it. 1 % cashback on most things? 1.5? If it's Apple Pay, it's 3 % on Apple Pay. for everything Apple Pay or only Apple products? So I think it's according to what it says on there, it says 3 % if you use Apple Pay at checkout. If you use the physical card, it's 1%. That's interesting. I'll try to get people to convert. Okay,$70 minimum monthly payment. $1 ,880.73 is the balance. This wasn't where I really saw much spending.

23:56Paying some bills. there it is some apple subscription five bucks i think that's the iCloud i get extra storage how much interest is occurring on here because i think it's 24 26 i think that's the highest ones there go so instead of paying that back we get we go to okay interesting okay we do have a couple debts but this is like the credit union of texas combined statement so we're actually going to go through the checking first just to keep things organized now we could pay off debt that'd be great but i said sonic uber eats sonic water burger dominoes taquitos best buy zelling out money zelling out money clarney clarna you're clarning why are you clarning uh buy i don't know if you can afford to buy anything anyway but it does uh restaurant ntta online the tolls what is that ntta nt ntta yeah that's that's my toll my toll tag okay yeah don't take tolls you can not take tolls and in texas i can't speak for everywhere but in texas they're more of a convenience yeah i yeah i work by uh the 635 i don't know if you're familiar with 635 not specifically it's one of the worst traffic trafficked areas it's about an hour and 15 minutes to get home buddy this hits your account constantly and you just don't have money you should be paying off debt this is like it's like an extra 20 50 bucks a week that is just slamming you zelling out money zelling out money amazon oh there's another 40 from tolls wing stop another 40 from tolls buddy this is that's insane like also 100 a week uber uber uber one dominoes texas light on barbers well haircuts are okay some boots and wing stop taquitos car wash it's texas buddy it's not it's not winter we're not getting the that comes in the and like hits the bottom of our car all the salt water burger we're clarning uber eats and then that takes us to the car which is a 2017 chevrolet chevrolet chevrolet silverado 1500 id it's at five percent which is not the worst taking a depreciation and everything is probably closer seven eight percent in general if we look at it but a payment of 507 10 that's your minimum 507 that's my monthly payment okay stack that with all the minimum payments we've talked about so far pretty rough in the overall balance on that just 23 000 $721.92.

27:06Yeah? Yeah. Now, here's the fun one. Here's the fun one. This was our debt consolidation. Yeah. Our debt consolidation at a super-duper fun 17.25%. Yeah. That one was not fun to get. No. No.

27:28Didn't even see this going through your documents. Didn't even see this. Are you f***ing me? Are you f***ing me? Are you sitting here to f*** me? Is that what is happening right now? This isn't f***ing hub on your browser. That's not what's happening right now. But you are f***ing me. A payment of$181.95 is past due. Yet we saw the spending on this statement. And we have more statements to see the spending on. But is past due. You spent out to eat$760, but a payment of$181 is past due. What are you doing? For those, I'm doing the grace periods because they had a 10-day grace period. Why? You don't have to.

28:20You make decent money for someone your age. You are close to the median national average salary in your 23. three. If this is what you're doing with the median national salary at 23, I'm scared to see what you'll be doing at$100 ,000 a year. Yeah. That's it. Your debt's going to be immense right now. You're in$10 ,000 of high interest debt. What's it going to be then? 20, 30, 40? You're just going to continue. You're missing your paint.

28:55Yeah, those I'm not proud of. Three. that's three late payments that I've been able to put my eyes on I bet if we had these statements go back even further what else would I see

29:07you're doing this yourself yeah you're spending man this is a choice $6 ,930 86 cents at that insanity 18 % interest rate I think 17.25 what's the minimum of the payment on that uh the one you said 180 189 something grace period why are you using the grace period what in your mind and behavior and thought process are you doing like i'm going to use the grace period every month why what's your why uh the if i if i took it uh if i took the payment i'd be like ten dollars so i just try to have every month that happens at the exact same time you'll have ten dollars no it was just certain months where i why do you have ten dollars why are you spending the money why are you spending all that money going out to eat girlfriend spoiler alert this dude's not spending any more fucking money going out to eat so if you guys are going on dates you're paying dude can't pay his car payment sorry I'm not angry at you yeah that one why are you spending money going out to eat if you can't pay your bills I get desperate desperate desperate on what but um i don't i just i like food i like to eat like i like to eat congratulations

30:53okay do you like being in debt you said you wanted to make progress it's clear only your choices are preventing us from making progress yeah how i don't know man You find that going out to eat is more important than bills. Correct. Correct? Your behavior is showing that. Acknowledge it. Is that correct? Mostly, yeah. Okay. Next statement. $144 in it. Here we go. Pizza. Some hotel. Burger King. Sonic. Sonic at least eat food that tastes like food. My goodness. Sonic. What does the savers cost plus thing? Oh, that's a... Cost Plus is a supermarket chain, and then the Savers Cost Plus is like the sister of it.

31:44You're going and getting like$5. So you're going and getting like a snack or something. No, it's... Come on. It's like toilet paper. Like I get like occasionally like... Wish I could see. Are you purchasing it in an app by chance? No. paypal sonic taquitos jack-in-the-box taquitos donuts taquitos

32:12dcccde connect oh uh i hope my girlfriend pay for her classes how how you can't pay your car payment how are you helping her pay for her classes um you can't pay your car payment this is as much as this was almost as much as your car payment or that personal loan payments are yeah

32:32why why why are you helping you can't pay your bills again the heart love it but you can't pay your bills why are you helping tell me answer the question uh so the way i have it set up is i think you see i have three bank accounts so i have that chase one uh i get a hundred dollars and i put it towards there to help her pay for it what but you're spending so much here it's not just for that uh if that that's me that's if we have extra money in there we go out to you extra money you don't have extra money if you have extra money you're paying your bills what do you mean extra money there's no extra money what are you talking about man well the in my eyes i kind of take it as extra money you can probably see it differently see it differently i'm seeing the numbers add up like math like first grade math the math is you had extra money you put that towards the bill you're choosing not to pay because you're like oh we have$10 in there no you don't you got to f*** Sonic every second of your life it's not enough money more Sonic Jack in the Box Jeffree Star I got some Jeffree Star stuff I think he's okay on his money I don't think he needs anymore maybe pay your bills that's a good plan I'm sure you look great glammed up but we don't need that before paying bills buddy buddy you can't afford I love the heart You cannot afford to help with school.

33:58I'm just trying to put her name to something. You're helping everyone else except for your own future.

34:07Another banking account, 44 bucks. Oh my gosh. I just saw the lines that I highlighted earlier. Keeps going, man. Sorry that, uh... Don't apologize to me. Apologize to yourself. Apologize to your future self. You're f***ing yourself. yeah that kind of hit hard a little bit huh? that hit hard a little bit good it's the purpose now you get it Amazon Amazon McDonald's Little Caesars Taquitos LD Story McDonald's valet paying for valet you don't pay for valet when you can't pay your bills free play arcade yeah it's real free Taquitos Car Quest Car Quest? Car Quest? What is that? Uh, parking.

34:59Going out to eat. Uh, taquitos. Burger King, taquitos. Going out to eat the reserve. Key, uh, Kiwi Peak. Oh, there's your little going in getting something. And Little Caesars. Cash lapping out money. Taquitos, McDonald's. Uh, Mexican food. Taquitos. crepes fang cha water burger and apple bill there's another page of this buddy this is all behavior and you you're not trying to dig yourself out a hole that was the biggest live herd today you're not trying this does not indicate trying do you know what the word trying means actually trying or making an effort yes sonic apple bill al rancho clarney amazon me more clarna subway taquitos taquitos taquitos taquitos clarney bahama bucks door dash dash pass that's what we need when we're in debt we can't even pay bills amc at least go to a real theater my goodness you live in a city a civilization apple bill water burger taquitos uh dps was that is that 37 dollars oh uh i and i renewed my security license security license yeah i'm a private i have a private security license what are you gonna do uh i used to for a small bit for like a month or two i worked for uh what who's that they're the ones that um guard people no no no uh securitas there were a security company for like they're secure they're a private security company that companies offer so you're a twig who are you protecting they hired me they did i don't think i want to hire their company taquitos lots there's there's more tolls tolls$40$10 bath and body works at least we're smelling good while we're going out and not protecting anyone and taquitos oh my gosh it continues forever and ever and ever taquitos apple please water boy see you look like a water boy paramount plus there's nothing on there anyway raisin canes clarina coca-cola coca-cola restaurant cash app there's the cash saver thing again and southwestern ut southwestern oh parking uh they they're they you have to pay for parking there's no there's no way around it brom store cash app more tolls clarney in an airbnb my life mcdonald you know nothing but just debt that's all you know taquitos mcdonald's snow cones great and you do have 401ks but i you've mentioned like a couple of career things at this point what the f*** are you even trying to do you're like all over the place it's wednesday you need a free 20 usually you get five dollars for signing up for acorns but using my link in the description below you get a free 20 there's no strings attached make your wednesday better by getting a free 20 for signing up for an amazing platform in the link in the description below.

38:18That's, um... I have a curious mind to try to learn as much as I can. Primarily I was... Can you learn how to get out of debt first? Before you f*** around? That'd probably be a good idea to do first, yeah. Sorry, continue. I was being a little... Um, well, my parents always told me you know, do a lot of stuff. you know do this do that do this do that not do a lot of very specific okay from what i mean by do a lot of stuff is have a lot of um gateways to so if something doesn't work or you or i let's say i crap out of it you know because in the beginning when i was in uh high school i did uh i wanted to be a diesel tech to work on the 18 wheelers okay uh very far from that yeah i'll explain um yeah the i i lost interest junior year and i figured out i could get out of doing high school or college sorry uh uh i mean i i just i have associate degree so i'm out no no at that junior year of what oh junior f high school okay so you know they were like oh you know you can choose a different path and then my junior year i got into photography and that's when i started doing that so that's where i got my associates in in arts and photography useful degree all right next um you're not doing that no uh it's it's still in the arts industry if you would call it the production side so i sell the equipment then you know we go to these trade shows and all this stuff to learn about the equipment but essentially i'm a salesperson now normally i'm willing to gift someone a course career certification when they come on the show but i don't even want to do that for you because you don't need any more rabbit holes to go down career wise you have an emt certification correct uh just a certification i tried doing the test i i failed it um it's hard that just is hard so if you manage to actually stop someone in security if you hurt them you're not gonna be able to help them it's a i know the basics so basic else you're pursuing education wise job wise uh job wise no uh but job wise um i'm also you're gonna get a kick out of this one i'm also getting a uh real estate license why that's so far from everything you're doing why especially in harder markets like this it's so competitive now you gotta be at the top of your game you don't have to why um i kind of took interest in it and i had a um one of the so the company i work for we do like pyro so we have a chance to go out there the technician's wife is a real estate agent and i i was talking to her and she uh you know we we got uh she was able to help me with like um like knowing about the about like like the real estate and housing does she do it as her full-time job yeah she does it as a full-time job are you going to uh i plan to oh i'm like uh oh so we're not even gonna have income coming okay sorry go ahead it's say your piece Full time is like the future, like, you know, eventually.

41:35But she said that I can be her assistant and she can give me part of her commissions. My producer told me I'm being a ****. Which is fair. I know I'm being pretty hard this episode, but it's just like you lied about your situation. Everything's all over the place. And it's just like, now you want to go into real estate. I'm just like, there's nothing radiating of any positivity right now. And I'm just like. Yeah, it's I'm very all over the place. I can't sit still and find one thing to do. Yeah. Well, that's not going to help your future. What do you want to do? Tell me what you want to do. In the beginning, it was photography.

42:18No, no, no. Tell me what you want to do right now. Like job wise? Career. Sure. Career? Well, I kind of took a liking of this, what I'm doing right now. so i plan to grow within my own company so why this real estate thing side thing okay no just don't just don't i'm gonna be honest just don't i i'm all about real estate love it i do real estate myself but don't uh don't do it as a side thing right now i'll just be honest i'm just gonna lay it out don't the why because you're not gonna have enough time to fully dedicate it to yourself which is what you need to do in this market again if you were if you wanted to go full-time that's your passion sure but just don't you're getting distracted on these extra things the emt thing uh the security guard thing and you you get distracted you're not satisfied and you need to find different ways to be satisfied yeah mental health counseling uh hobbies with the girlfriend you know there's lots of lots of things we can do in life that bring satisfaction uh you're you mentioned it yourself you just don't like sitting still you're always on the move you're just ready to do something ready to do something that's awesome i think the thing that needs to be your something right now get out of debt quicker let this be your passion let get this to be your passion and that's what this conversation is hopefully able to do is light a fire under your let you at least know how bad your situation is how bad your spending is so that you can do what is necessary for this to be your passion and then you're able to go as hard as you need to to get out of this yeah but if you're not you know if this if this isn't your passion if you're not passionate about getting out of debt you're not going to get out of debt because it's a comfortable lifestyle to just put your head on the ground and you're just ignorant of the whole world in your situation which is totally normal that's much more comfortable than being uncomfortable about your debt putting yourself in uncomfortable positions where you're working your off and cutting back on the things that you're used to that's uncomfortable yeah but if you're willing to be passionate about getting out of debt and actually improving your future instead of these temporary little wins through trying to achieve this new little thing that you got interested in and learned about this is what's actually going to matter in the end let this be what's passionate in your life let what's being passionate is growing your retirement 2241 i'm happy to see that at 23 it shows that there are qualities to you that has discipline behind it that you're able to like put into action and you're in a 2060 target retirement fund love that across your two different accounts we have also 245 over here that was a uh that one um uh that one was a rollover that i turned into a roth okay ira because i i'm very on that side like investment side i am very clueless i know very little and i don't want to like but guess what you're actually doing it right you got a target index retirement fund fantastic for someone that knows nothing about finances it's great you made the right choice yeah and i want to add to that i absolutely eventually why eventually um because your debt or something yeah because of my debt like you said if i want to make that my you know what i want to focus on i mean i i could you know i i just don't know how to add into it with what i got going on okay yeah i mean debt will come first and then i would love you to max this out right now the max is seven thousand dollars a year for this this upcoming year and i'd love to see you max it out and are you taking your match of your 401k at work uh the yeah so they do uh i forget where i'm at i think it increases a percent a year um Which I'm going to keep it.

46:18What are you at? 3%. And you're matched up to? 6%. Okay. I would just switch to 6 % now. It's literally 100 % return on your investment because it's free money and no interest rate is beating that. And in order to maintain your strong income, is this career path that you're in, this company that you're in, is it where you see yourself in the next five years? there's some internal things going on that are making me question it we're getting into somewhere okay so what the so i'm kind of calling them out here but it's okay you're using a fake name and um good stuff they actually so the company i work for has all these plans so we got bought out so um the company i work for got bought out by this company that owns other production companies uh one in orlando florida florida california and georgia and um they just acquired us just a year and a half so i got in during the acquirement so um for a little i was still with the name of the company i was with and then it changed into oh we're now we're the same company but under the subdivision of this company okay and their their plans are like i mentioned earlier to include a commission-based thing but that's just another thing on their list that's what they call it so you don't know if you see yourself there in five years no it's it's good for now for where would you go what would you do uh i mean my first year alone i made half a million in sales so but that's different so in sales probably market that in your resume to try to go get a different job in sales yeah it's not it's not a bad answer it's a good answer i love sales that was my first like career position funny thing is i hate anything sales-based i always told myself you know how many calls i get from prime miracle come sell life insurance come sell life insurance i was like okay if you don't like it then is that what you're going to be doing you'll burn out and you'll just fall out of the career yeah but i like so the reason I got into this was because of the background so I used to do like the theater theatrical theater theatrical lighting all this kind of stuff so I knew a little bit of the area yeah so I was like let me take a crack at it I knew a little bit and I built up on it um and yeah I like it so I I kind of want to stay there's other now that I've worked there there's other production companies that are known um in not only in Texas but in other places but you know other places could mean that i have to leave but that's that's completely out of the question it's a hard conversation with the career aspect because we don't know what you want to do and where you want to be and what things are going to look like so we'll just do your budget based on today for your current spending your debt payments was 19.4 or 1 244 dollars and 63 cents net two percent went to housing what what does it put as housing well they may have been like zell type stuff so we wouldn't have known for sure what's your rent i don't pay rent oh well that's why i'm still at home yeah okay i'll take a look at what that was 8.3 percent went to your phone bill 533 what the switch the helium dude 20 bucks a month we share one so we uh my family so we all pay our part so my part out of your bill no they send they send me their their part and it comes out out of my account it's a little risky especially with okay 1789.50 or 27.9 went to transportation 1.9 went to necessary food groceries 1.9 where 11.8 or 759.12 went to going out to eat 1.9 went to unknown shopping that's typically amazon's walmart things we can't tell what it is probably bull in your case 1.3 went to medical or health care 0.4 percent went to subscriptions 425 dollars 87 cents or 6.6 percent is betting went to miscellaneous bull stopping at the gas station getting to bull to do constantly extra other large purchases 18.03 cents 1 173 dollars 81 cents internet uh yeah the the the that one is also uh it's like what two 125 yeah it was yeah that one's what you you pay that that's your rent uh that's shared between my brother so half and half so it's like 60 bucks okay so they send it to you yeah atm withdraws 210 these are in the large purchases um private security 37 dollars that was you getting recertified right yeah water boy

51:17see you of texas transfer 572 dollars to 93 cents hotel dallas college we know where that's going and opportunity inc what's that opportunity inc uh do you mind if i see that oh yeah also you told us you wanted to pay your debt off by the end of the year i don't know what the thinking now with your spending habits you're you're missing three payments in what we have out of the few debts so what was your mind behind that how did you tell us you wanted to pay this off by the end of the year like that blows me away after going through all this it's a lot and it's a it's a big so how in your mind were you going to though i was um uh at the beginning of the year think January I kind of took a look at everything like how you are now but not that into detail but I fell off a bit off of it but I want to jump back on and like just fix it a couple months ago and you fell off immediately so if we get Gianna you're gonna fall off in a month I don't want to I don't want to I'm not gonna tell you I'm not I'm going to because I don't want to promise you promise yourself we're gonna send you through our budgeting program it'll help you there's lots of education and everything in there that helps you stick to a budget not just build but stick to a budget and actually keep you motivated and you have access to that forever and we're continuing to build on it so go through that program so 125

52:57divided by two so 62 dollars 50 cents that's what you provide for your rent uh that and groceries my dad pays for but that's like uh he has no way of sending he has that small bank from like walmart uh the united bank that he uses um so he can't like receive or send money through zelle or anything like that i give him 50 bucks for groceries okay and that's every two weeks okay and that's how much for gas driving vroom vroom skirt skirt i think average i fill up like once every five days how much uh well i think it's 60 a tank right now with the way prices are going sounds like you fill up twice some uh five times a month yeah once every five days that's a lot you drive a lot yeah 300 hours what's your car insurance do you pay for it uh yes that one is um that one's conjoined because we get a discount on it what is your portion of car insurance 230 okay you pay 50 into food i'm gonna give you an extra 100 this is your tp fund anything else you need to survive in life do you have a gym uh yes but i'm gonna cancel it why uh so the thing is is you have to go like three times so the are you gonna switch to another gym yeah i'm gonna okay how much should we budget for uh i'm gonna go to fitness kind of thing they do like ten dollars a month any other medical things on an ongoing basis on a monthly basis prescriptions therapy that kind of crap um no surprisingly and i got lucky okay so ten dollars a month for gym that's it cool subscriptions canceled buddy it's your debt minimum payments your your actual needs your actual needs are so small you've just ruined it you've ruined it with your stupid debt and you're gonna stop clarinating and going into debt for every single little purchase that has ever existed in the world but you finance everything stop debt minimum payments oh what's your portion of the phone bill uh 120 no 150 your portion so uh 120 let me switch to helium immediately your phone's financed isn't it yep kill me your debt minimum payments total$964.10 anything else we have not accounted for that is in your budget that needs to be in your budget far as i know no you have no reason to be in debt this is a joke this is a little bit Not only that, not even, not only that, not only that, but with$1 ,836.60 needed to live on a monthly basis, there is no excuse, no reason in this world that you are possibly missing any payments.

55:57That's a joke and it's legitimately upsetting to me.

56:03$3 ,010 comes in on a monthly basis $1 ,836 is necessary to live on a minimum monthly basis for you you have an extra you have a surplus of$1 ,174 a month that is insane and that's just irresponsible bad behavior yeah seeing it all yeah I didn't even know that's how much I had left over Y 'all, this is the time to switch to my favorite high yield savings account. With SoFi, you can get 4.6 % on your money. I hate when my money is just losing value, so make sure you're keeping up with inflation at the very least. You can also get FDIC insurance on that money up to$2 million with them. Plus, they'll give you money up to$300 when you set up an account with them.

56:50There's even extra perks like being able to get paid a couple days early. SoFi is what I use when I'm setting money aside, and it is the banking app of the future. Sign up. Link in the description below. I always want my money to be making more money, so don't lose money on yours. Here's the amount that you spent on these different restaurants in just this last month. Sheesh. Yeah. That's a lot.

57:13You have nothing on savings, correct? Building it, but... What do you have in savings? Like$300. Okay. Well, that's a start. first month $1 ,174 saving plus that$300 almost a one month emergency fund let's call it that second month pay off Home Depot now after that we're going to attack in the third month we're going to start attacking Best Buy because it's going to hit us and a crew that's going to take one and a half months to pay off that was month number three so halfway through month number four halfway through month number four we throw some stuff at the Apple Card and then the next month month number five we fully pay off the apple card month number six seven eight and a half bank of america paid off

58:09monthly payments are now starting to disappear eight and a half months in it's great we have an extra 1 300 probably left on a monthly basis personal loan it's going to take an additional know five months let's round it up let's call it 14 months total year and two months yep car on minimum payments till it's paid off so at that point we're going to save up for a fully funded emergency fund which is going to be ten thousand dollars in your case because that's going to be larger than what it takes for you to live for six months we already have so we need to save up an additional essentially another eight hundred eight thousand five hundred dollars eight thousand seven hundred dollars okay cool sorry eight thousand eight hundred dollars eight thousand six hundred dollars okay cool divide that by now the additional one thousand four hundred you have left over on a monthly basis it's going to take six months so this is a year and eight months a year and eight months you are bad debt free you have a fully funded emergency fund you're halfway through 24 at that point that's incredible 24 25 that's incredible that's incredible that's nothing all the mistakes all the stupidity all the bad things you've done in your life is corrected in under two years that is a blessing of a lifetime that you do not have to live the rest of your life up financially yeah and you get to do that in less than two years which is a blessing of a lifetime so if you don't do it if you don't do it i'm gonna have a hard time ever feeling bad for you if you don't do it take the blessing that many people would beg to have on the show beg to be able to get out of their bed to have a fully funded emergency fund in a year and eight months that's incredible that's insane that's amazing do it will you do it yeah that was not confident me i will no i cut your spending out going out to eat zero yeah I'm gonna do it Really?