I've Never Had An Update Like This

34:25Store space? Storage? Yeah, my storage unit. Why? You have a house. It's, I don't have enough space for the stuff. Plus, I'm trying to make room for my girlfriend's stuff. Your stuff? She's going to move in with you? I'm trying. Into the unlivable place? No, we're trying to get one of the other units. You want to rent from this guy? No, but it's cheap and it would help us both save a bunch of money. I think it's cheap for a reason. Yeah. And it's month to month, so we don't have any like. I get it. It's just like whether or not I can have running water, that's usually not a compromise. But all the ones that they've like fixed have it for now.

35:01So I feel like we could stick it out for a year, save some money, then get into somewhere that doesn't suck. Con appliances. What are we appliances? What appliance do you have? Oh, it doesn't matter. It's in collections. No, that's from my roommate that went to jail. Why do you? Okay. Why do I have it in front of me? Because he didn't have any credit. So I'm going to kill you right now. That is so bad. Never do that again.

35:27Lost my job literally the day after recording. Got a notice of a second rent increase effective in January. Car broke some more. About the only highlight is that most of the credit cards are paid off. Man, I'm sorry that you lost your job after that next day. I'll be honest. We need to be real about this, right? You know, this is the tough left part. I'm not surprised. You know, you're using literally fake identification and borrowing other people's cars and just a lot of other illegal things, man. You I'm glad that most of the credit cards are already paid off. Second rent increase effective in January and car broke some more.

36:05Listen, man. The thing is, your ship, a lot of it stems from the personal choice of just not taking care of the traffic issues that you were dealing with in the past. and not being mature enough to settle those and then getting an actual updated license and registration and everything you need to do you need to get your together there's obviously signs of progress with the credit cards but the rent increase with how cheap your rent is should not honestly be an issue for you it really shouldn't i am sorry about that job loss we need to go get another job immediately we need to be ubering to mcdonald's or literally wherever i don't care we need to get money in that is the focus now please feel free to reach out we can connect you with any resources that you know would be appropriate for your situation but it's honestly time to kind of adult up for the first time and pay off those traffic bills immediately because you shouldn't be getting them in the first place and it's it's still kind of a joke as it was before and that is not the life you should be living it's time to mature up to our age and i'm saying that from a place of love say that from a place of tough love and i know it's it's kind of hard to hear but it's time to actually get your shit together man my name is candace i'm 34 years old i'm from temple texas and this is financial audit it's it's been a year for sure i've definitely done a lot more and accrued a lot more not not a lot more debt but more why well i i didn't mean to things just happened and i didn't have an emergency fund so i couldn't pull from that to working on it's been a year yep well so so what'd you do have you gotten another job yes yeah really how much what are we doing i'm doing instacart is that the proper side job then instead of working hourly somewhere well i mean evenings i i'm not perfect and okay look i'm not perfect oh that's such a bold that's such a cop-out that well that's what i got i mean i can't really i did what i did and i can't change it what if i walked over there and i punched you and i was like sorry guys i'm not perfect uh that's an excuse it's not a reason no i please don't punch me i would never punch you i'm not okay i'm not a physical anger kind of person all right that's just an example of just like i owe my aunt she's the one that loaned me the money and that's who i'm paying back and she wants to be paid back in cash so i withdraw porto's delivery i mean no no no you put some towards your debt it was just repurposed then again towards another card and you're spending so ridiculous like this isn't a positive audit or this isn't a positive follow-up this isn't like uh you've gone necessarily worse this is like we've stayed the same and that's really disappointing yeah it's like i i realized that when i was like reviewing everything and the numbers they moved but they stayed the same yeah she just made it harder for yourself this is what happens for everyone out there this is what happens when you just kick the can down the road because just going out and to eat and getting the in-app gems and whatever and just the life we're used to even if you cut back a little and you just sustain a lot of the life you're used to you're just kicking down the can you're kicking the can down the road eventually just comes you just you get to the moment and what are you gonna do you're gonna have no choice just like with your dog situation you have no choice what to go into debt and when this car breaks down you'll have no choice but to go into debt what are we gonna do we're gonna borrow family money well like you know like yes your credit score is good but your debt to income ratio is not great so like i just saw you a year ago you'd be a fourth of the way through this a fourth of the way through this that's incredible but now you have to start all over again that's what kicking the can down the road does yeah so now you're gonna be 38 and you're dramatically behind in retirement for your age you will be dramatically behind in retirement for your age.

40:06I got nearly$50 ,000 in student loans forgiven. I had to buy a new vehicle. I'm still trying to pay down all of the debts and trying to continue to lose weight. Whoa, student loans forgiven. Listen, I know your behavior isn't what got the student loans gone, but they are gone. Let's take that as a blessing. Let's redirect those funds to making progress in other areas. So with the new vehicle being purchased and everything, maybe the extra minimum payments that would have gone to the student loans can go to paying that off quicker. And you're still trying to pay down your debt. And I'm happy to hear about the weight loss.

40:40So just keep grinding it out. Let's make sure we're following a budget. Listen, your follow up that we recorded and posted on the main channel before we had the financial audit follow up channel. It wasn't the most positive. And I really want to see a positive second follow up. OK, so redirect those funds, follow the budget. And I'm excited to see you make some progress. I'm Daphne. I'm 34. I'm from Huntsville, Texas, and this is Financial Audit. Right after I got divorced, I got into a situation with somebody I knew from work. How quickly after the divorce? Well, like immediately. It was like a rebound, right?

41:18I guess is what they would call it. Okay. Like the day after? Maybe. Sort of. Yes. Okay. So I knew him, right? We worked together. That's how we met. Wait, how long were you married? Almost five years. Did you guys ever have any kids? Yes. And you got with this person a day after? Yes, but see what? I thought he was like the love of my life. A day after a divorce. Okay. Yes. Sure. And you thought he'd be living with you? Yes. Like I thought we were going to be together. We were going to be in love. love but he was married yes so i was under the impression that he was the same kind of married that i was which the same what kind of married is that which is that's insane no hear me out so like i okay no i'm hearing you out just doesn't really vibe with my personal morals on that right no no go go go like legally you say your thing we're trying to get context for how you ended up here so go ahead we were together maybe six months you and the married guy yeah married banging it up banging it up you were well yeah of course and he was married yes that's homewrecker behavior technically that is true yeah embarrassing yeah let me look this back to finances so you signed a lease expecting to live with him because you thought he was the love of your life a married man that you went okay so yeah the plan is to just keep doing it until it doesn't work anymore i guess i think that's how all relationships are well i know i said situationship which i don't like saying that because it makes him sound bad and he's yeah but how long are you guys actually together when you're together oh so i have every other friday off so normally i go like a long weekend like thursday night to sunday night all right good luck for you guys and same for him when he comes to see me that maybe if we had known these things about each other we would have just broken up but we didn't we got married well lasted five years somehow yeah i know shocking okay i got a raise stopped eating out as much and have started building my savings love that stop eating now that was a big thing for you the raise make sure we're not redirecting that money in wrong ways with the raise and then all of a sudden stop beating out we have extra money there's no pile of money where are we putting that you're building your savings you say good i want to see progress in all the areas with the debt as well and it's not just about the savings so um when you come back on i want to say i want to see debt free and i want to see a good junk emergency phone okay i'm lydia i'm 40 years old i live in austin and this is financial audit why is your rent because i i also have a grand piano and a grand piano does not live in a studio apartment get rid of it i don't give a yeah i do give a and you can't pay for groceries i think that's a self-inflicted that's you yeah that's you making a choice because of what wanted you wanted how's that going yeah it's not going well obviously or i wouldn't be talking to you i've been trying to pay that one off but using lower purchases trying to pay something off does not equal more purchases you say you know but why is it happening then this is this is still horrendous i know okay you don't have to keep saying that it is yes i do you don't i know that it is okay usually when people know things they then would change it yeah you but you haven't so maybe i do need to keep saying it okay keep saying it okay trust me i will it's my show girl Hear yourself sing.

44:59Hmm? Hear yourself sing. Go. Beautiful voice. Mm-hmm. I'm just saying I know where I can improve. You can slap him in the post show if you want. Okay. I don't slap. I punch. Let's play hypothetical. Gun to your head. You're inside of an elementary school. What would you pick? A, the car or your rent?

45:25Still working. Still paying off debt. not buying a house looking to downsize to save money when my lease ends in july looked into selling my car but leads didn't pan out just trucking along nothing fancy ah my combative nemesis not really of course uh you know this is i get it heat of the moment things get a little a little i'm happy to hear that you're still paying off that i wish i knew the progress on paying off that debt and looking to downsize i know the complication with the piano leads didn't piano for selling in your car i'm curious what looking into selling my car is you know what was that how did we put in a day's worth of effort i'd be i'd be curious but i'm happy to hear that at least still paying off debt still working let's get that downsizing maybe put the piano in an ac temperature control storage thing because i know it's very important in the family heirloom uh status of it and maybe we're looking at that car a bit more because i don't know if you fully want but let's keep getting updates from you okay hi my name is travis i'm 25 from fort worth texas and this is financial audit like i feel like i can't operate on my day unless i make a pie chart you know anything could be an addiction uh and the fact that you're in that situation that's obviously very hard and i bet that's also quite expensive um i have found a way to make it a lot cheaper than what i have seen in the past maybe now it's one of those i mean i used to spend like two to three hundred dollars like a week and then now it's down to 80 and it's you know a week yeah how you don't have to give us specifics but just in general you know new science technologies that type of stuff um newer stuff is better so you less of it so more concentrated sources interesting that is far and beyond but it's like i'm not interested in that thing so I don't know.

47:17Yeah and then it's one of those it's like there's that one which is like the one that concerns me the most but then I do have a recreational hobby that is becoming a problem. Two-tone? It's one of those so yeah. That's a lot of fun.

47:34Okay and we've bleeped the specific substance but I was not expecting that my dude. Okay so how How common is that? I mean, that one's about$100 a week. Oh, so this is an ongoing thing? Yeah. That one's more recent. Are you on this right now? No. Well, depending on how right now, it's one of those probably. When was the last time it was consumed? 18 hours. Okay. How often do you consume this? I mean, daily. Okay. So that's not happy. That's not a, we're going to have a party situation. This is a we're doing this. Every day is a party. But no. Yeah, it's one of those. It's definitely a we're doing this.

48:18And, you know, steps are being taken to not. Well, I have paid off all my credit card debt, paid off my car. The girl I was dating I went to rehab for broke up with me. I got a second job and promoted up to a shift leader. I moved into a house and December will be the last month that I have to pay for rent and mortgage. Thank goodness. My Whataburger won the WADA Games. It's a competition that Whataburger throws between Whataburger units, and winners get bragging rights and a nice cash bonus. I made a friend at one of my jobs, and her and I got each other's names tattooed on one another. I'm learning how to bartend.

48:55Kind of funny for me to learn that because I don't drink. I've been focusing on developing myself from a good manager to becoming a leader. Finding ways for my teams to trust in my leadership and have them want to follow me in my decisions. The only debt I have is my student loans now. I haven't put a date to when it will be paid off, but it should be another 12 months approximately. And then I'll be debt free and will focus on putting in a bunch of my money in my 401k to achieve 100k before I turn 30 years old. That's the primary plan. While doing that, secondary plan is to save money for emergency saving and a big purchase I have coming up in the next 5 to 10 years.

49:32Travis, honestly, this update is just one of my favorite things that I got to read today. like let's go dude i'm happy to hear that it sounds like you're staying clean i'm happy to hear that everything is going well at water burger like you are just i want to lift you up on a pedestal man actually you know what uh we're doing a live show in february i want to invite you to come on uh you know not for just a major update but just to just to have you know hundreds of people cheer for you just showing that the staple i want you to you are the staple of someone who can be at their lowest, get the help, listen to some tough love, put in the work, change things around.

50:14You are a winner, man. You are a winner. And I'm so proud of you. Keep going, man. I love you, dude. I seriously do. Reach out. I want to get you on that show. Okay. I want to celebrate this victory with you. Hi, my name is Amber. I'm 46, based out of Round Rock, Texas. And this is Financial Audit. I had to support a whole nother human being. Okay, why was he not working? He wasn't working because he was undocumented. Oh, rip. Okay, why is the marriage ending so immediately? Because he decided he wanted to send a dick to some 20-year-old in Argentina. I wish I knew Spanish so I could ask her if she was satisfied with it or not.

50:52Because it is, you know, objects appear bigger than they actually are in real life in photos. Have you practiced that one? No. Yeah. How long have you guys dated before? Three weeks. okay what was this what the okay i will this is crazy i will be had i known that alone that this man literally had to have a continental breakfast every morning i literally would not have it wasn't true love at that point you guys couldn't have known that's hard to know none of the dudes out there sending pictures of that you know uncut hero i don't budget i've admitted that like many many times i don't budget and i i need to budgeting okay you said you know this is at the credit limit and you want to get up below so your minimum payments are lower then why would we purchase on this card but we're not this card we're not in this statement this statement we're only talking about this hey hey no we're only talking about the statement that exists yeah and if you look at it what purchases are on the statement Caleb there aren't any purchases on that statement because the card was over the limit true for the amount of money that I spent that day on DoorDash I could have bought four meals.

52:02Yeah. Seven and a half dozen eggs could stretch further than four meals. Nobody is going to eat that many eggs. That's your choice. Nobody's going to eat that many eggs, Caleb. Oh, great. So it's eight meals. That's not good for your cholesterol. How are you? How have you existed? Are you on blood pressure medicine? This is I probably should be after this conversation. This is the episode where I finally lost it. That is a new credit card. People have always asked and I've asked myself as well two and a half years into this thing what's the episode or i'm gonna lose it you want to talk about my ally card now oh dating coach i was lonely adding more income literally in november and i'm bringing in one thousand dollars a week with that yes it's legal i'm redoing the budget that i got from the financial audit and should have all my credit cards fully paid off in two months.

52:56I would love to come back on the show in January to give a bigger update. Quote, she got a better job, so did she change her ways? And if that helped as well. Like, if the business actually generates sales. Oh, man. You, that was a special episode, wasn't it? I still, you know, one of those candles smells very nice. I very much like them. Hope that business has been going well. Man, when we just got that back and forth, I have not been so just like emotionally angry very much on this show. But when you could not understand that you could just buy a rotisserie chicken for$5, maybe$6 now. But I am so happy to hear about that more income, bringing an extra$1 ,000 a week.

53:43Like let's go. I'm glad it's legal. I don't know why you had to specify that. You're redoing the budget that you got. I don't know why, but I do love that you are paying off the credit cards in two months. So I better receive that email or you come back on the show when those credit cards are done. I want to hold you accountable to that two months that you're promising right now. Hi, my name is Casey. I am 34 years old based out of Georgetown, Texas. And this is Financial Audit. Responsible in any way whatsoever. You can't pay anything. You're never paying anything. Got a car repoed. Adding to your debt on this last one.

54:16Pause. Pause. Pause. I did not get the car repoed. the car was voluntarily surrendered in the process of me trying to catch up on my payments because they were gonna repo if you didn't my finance company lost my payment had they not i would still have that car okay you know you have to you have to be behind payments for like many many months for that to even be in that situation exact there you go and i just started the job that i just left and had they not lost that payment i was going to make two payments with the next check because I had massive overtime. You have to understand that I was making bank at that job, but I wasn't happy.

54:56Yeah, but then you still have to pay the bills that you took out, though. Right. But, again, I would still have that car which had a lesser payment on it. Honestly, all of this really started going south when I lost that car because my car payment shot up by, like, 200 bucks. Because you ended up getting a car that was unaffordable to you. because it's the car they gave me gave no it's the car they showed me i needed a car i'm so really so if anyone shows you anything you're just gonna buy it no i'm afraid for the next time you have to get another car they're gonna show you a car and you're gonna be like okay that's my car when it comes to cars yes i've never gotten a car before when it comes to cars i typically do research i typically do the research this is literally the one time where i did not and it's destroyed your finances so yeah i lowered my phone bill by a lot got a raise in my current job plus picked up a second job and i'm currently looking to move into a cheaper apartment once i can find the one i qualify for listen i'm happy you lowered your film bill i don't think that was the uh entirety of what we were discussing but uh the raise at your job and the second job looking to move into a cheaper apartment that is that is what i like more than anything because that was our big sticking point when having the conversations that you're just like couldn't live more less than two seconds away from their family like we are in a massive suburban area you can live in round rock you can live in north austin you can still be close i've gone to georgetown many a times and i am not that far north okay so the thing is i'm glad to hear things are doing okay I hope with that increased income and with the decrease in our living expense that you start making a bit more progress.

56:45I'm a little bummed I haven't heard about more progress than just that. Okay. But keep going. Hi, my name is Morgan. I'm 29. I'm from Charlotte, North Carolina. And this is Financial Audit. Okay. So what's going on here? What is happening? What is happening? So I have an ex-husband. I was married before. An ex-husband. 29. nine so out of the divorce i got six hundred thousand dollars the yes why um that was part of our settlement um so i could have taken more but i didn't which i'm kind of now regretting a little wait why could you have taken more and why didn't you when did you get the six hundred thousand two years ago okay what the is it uh well i bought a house three hundred and thirty thousand so i So it goes half the cash.

57:32Yes. I bought it sight unseen. We had to renovate it completely, like gut job. The renovation was like$100 ,000. You don't know where that other$150 ,000 to$200 ,000 went, do you? You don't know. And he was twice my age. So I think. Like 40? I definitely think I was groomed in the beginning. That's a strong word. You know, he would get mad at me and like throw me out of the house. What the f***? Wait. But he had kind of this idea of like any male that I had a conversation with or that I knew. Oh, this dude's weird. Was basically, yeah.

58:12I was able to negotiate with my credit card to pay off$500 a month for five years with 0 % interest and close the account. I received the cease and desist from my ex-boss for what I said on the show. I've been working my new job. I haven't cut my frivolous spending completely, but it has gotten better. With the cease and desist. Yeah, I do remember that. You did email us about that. Hopefully that goes all well. Let us know if you need any help because you really didn't say anything too pungent for what it's worth. You know, we can work with you and help you on that. But I know that was a complicated situation.

58:44Say hello to your husband who I went to school with and, you know, we didn't even know that. That was a fun little thing that we found out in the post show. but hey listen negotiating your credit cards it's pretty good make sure you're actually changing your behavior though don't take that as a shortcut don't take that as a win it helps the progress but take it seriously and keep going are you feeling overwhelmed by your financial future whether it's planning for retirement saving for a home or managing your investments navigating these decisions alone can be really stressful in fact 70 of americans report feeling anxious about their finances, and as someone who lives and breathes financial education, I understand why.

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1:00:46See important disclosures at dmnmny.com slash co slash x. Hi, my name is Sylvia. I'm 50 years old. I'm from Houston, Texas, and this is Financial Audit. A year at least, probably longer. Okay, so after that, why didn't we save up a full year emergency fund if we knew that was a reality in our situation? Why are we going into debt for that? If this was a thing that was ongoing in the good times, So don't we prepare for the inevitable rain that we knew was coming from living in a historic rainy place? Yeah. No, I've never had an emergency fund. You've never had an emergency fund. I was a single mom for 10 years.

1:01:25Congratulations. Get an emergency fund. What? No, no good reason. Good job, but get an emergency fund. Okay, so$180 ,000. You didn't pay taxes. So we owe back taxes. But for the sake of future taxes, are you at least setting just 25, 30 % as high? I'm hoping to now yeah no I haven't been fun fact we're in the 10th month of the year uh so I don't think the IRS listens to laughter and allows that to be settled debt from the previous year it doesn't like enrage me by any means it's like you're just putting yourself in a harder position for a good intention and a good heart I mean I like that That's wonderful.

1:02:07But it doesn't work for you right now. It's not necessarily an option. How much is your current rent? $25.50. Oh, it's expensive. We're at$63 ,000 of unpaid taxes, but that's incorrect because you have two years, 2022, 2023, and we're going to have 2024 of unpaid taxes. Probably going to be like 120-something thousand hours of unpaid taxes, which is insane. Why are you in debt for TikTok shop? Because if I can pay it out, it just is better. Huh? I just want to pay it out. What is pay it out? Like pay it out over time. You can't. Your minimum payments are stacked up. Everything is so stacked. Oh, whoa.

1:02:50That was the end of the debt. It is. Unless is there more debt that I have not talked about? I think we're missing one. Oh, good. What is it? I recently had to do a loan because I had to travel for work. You said it gets paid for. It does, but not ahead of time. And then you never pay it off anyway. You just spend it on you. I have now paid off$10 ,000 in debt and following a serious budget, but my daughter is still not speaking to me. So I lost that relationship, which is a huge loss in my life. The depression of not having one of your children during the holiday is real. That said, I've heard from people that it was a good episode and that it probably helped a lot of others in my same situation.

1:03:32Hey, you are uploaded during Fast Stack Week. We all love you. You're one of the nicest, most kind people. And I hope everyone in the audience liked you. I think they did. I think it was a very positive comment section for that episode. Paying off$10 ,000 since then is incredible. Like seriously, incredible. I'm very sorry to hear about the relationship thing though. And that is a big loss. I, you know, just hopefully time can heal some wounds there. And, you know, you're able to get back into each other's lives. And, you know, I'm really sorry, especially in the time of Christmas and whatever you celebrate.

1:04:07I know that can be really difficult. But, yes, it was a very good episode. And I'm sure a lot of people related to it. And I am so happy with the progress you made. I hope that everything ends up being okay in the family situation as well. I'm Rachel. I'm 23 from Dallas, Texas. And this is financial audit. But the financial situation. Did he break up with you or did you break up with him? He dumped me. Okay. Why? He ran into his high school crush. okay don't like that yeah yeah i mean there's certainly responsibilities yeah yeah uh so that sucks i'm sorry to hear that child support just why um again you're not you pay the bill yeah but so whenever you do the math like based on his income yeah whenever we split he was paying me more than he would have on child support why are you so much credit card how about that the tattoos i put okay the first one we're gonna look at is eight thousand six hundred twenty one dollars with a three hundred twenty six hour minimum payment that is all tattoo debt that's all not all of it not all of it i've put about ten thousand on tattoos in the past year in the past year yeah well now i know why you said it that's insane yeah ten thousand dollars yeah yeah it's not a we're dropping our kid off and i'm running late to a meeting no this is every day at this point or at least every other day yeah so it's not just that i was running late for a meeting so i stopped you're endlessly doing it yeah i have a coffee problem um i actually make Get it home and chug a pot.

1:05:49I was on the show back in June, 2024. I'll go over some of the finance updates, then life or whatever else after. I broke down, compared my finances when I was on the show versus now as well. A few things to note, I haven't gotten any new tattoos. I invested more time to therapy, paid for by my employer, and have gotten to a way better mental place. My financial issues were rooted in my mental health struggles. I literally did not care about debts at all because I didn't think I would live long enough for it to matter I've gotten a lot better before being on the show, but since then i'm doing way better I sold the aura ring and used the money to pay off the affirmed balance and the extra money paid off a different affirmed balance I no longer have any pay-in-for type loans.

1:06:30These have all been paid off Additionally, the debts that my ex pays for bed and couch are way closer to being paid off The bed, our firm, is paid off and the couch, credit card, will be paid off in February 2025. I did accept the loan for my dad to pay off one of my credit cards. He loaned me$3 ,500 and I pay him back$90 a month. But I did have to use the car for emergency medical expenses for my son. This prompted me to start working on my emergency fund, which I didn't have at all before. I also switched insurances with my company to one that has an HSA fund with Company Match. I do not use the card regularly, but had no other options when these medical expenses came up.

1:07:10I did some automatic payments set up for my Apple card, which I've canceled. I didn't even know they existed, but it was an annual charge. Frowny face. I canceled that membership. I canceled that membership. Again, I don't use this card regularly. I refinanced my auto loan from 12.45 % APR to 10.35 % APR. I intend on refinancing in a couple months, expected to bring it down to 8%. Generally, everything else has stayed the same. I moved, which lowered my utilities a bit, but the rent and fees stayed the same. My ex and I are discussing a change in child care to save us both some money for that as well, but that's still a work in progress.

1:07:46I'm still paying minimums on credit cards with the occasional additional payment when possible. She then let us know about her son's hospitalization and some of the costs associated with that. I've been trying to get a second job, but once we discuss the schedule, they back out. Unfortunately, my dad's cancer has gotten worse and my mom's overall health has gone downhill. so I don't have any family who's able to watch my son while I work. So, because of this, I'm going back to school for my bachelor's degree in IT management. I start back on December 1st, and hopefully this degree will help with future financial growth.

1:08:17I'm paying$0 out of pocket. Education is completely covered by a Pell Grant. Because I'll be enrolled full-time, my federal student loans will be in deferment while I'm at school. My private student loan will have a smaller monthly payment,$100 a month, which frees up about$170 for me to put towards my other debts with higher interest rates. Now, the big update. I filmed with Mr. Beast not long after the show, and I'm not entirely sure the portion I filmed will be aired. Keep an eye out December 19th on Amazon Prime. Given the fact that I can't discuss the Mr. Beast stuff yet, and so many of the variables in my financial life are still up in the air, I'm holding off on a follow-up episode.

1:08:52Once I get my raise and pay off a bit more debt, I will be happy to go back. Still have a hammer financial score of zero, but I'm working on it. Thank you for the huge update. I'm happy that things are going well in general. And out of that refinancing, it's not like the biggest refinancing. But, you know, I guess if it's down to 8 % from the 12, I don't, it's a repeating narrative throughout this episode. I don't want you to think that that is the progress. I still need you to absolutely obliterate it. Because even if you get down to 8%, that is still not considered a good loan in my book on a depreciating asset.

1:09:22if we're talking about what's actually accumulating in the market on average all up years down years combined it's right around eight percent historically so listen i am happy that in relative in relative sense we are seeing a positive update on your end uh but i don't i just you know i just caution on that viewing that as a win but keep going hi my name is abby i'm 36 years old from woxahatchee texas and this is financial audit it's a no it's not it's a bubble that's a kid's toy guys we're gonna retire successfully as a couple and pay for our college's our kids college why hope his kids probably won't go to college his kids probably won't go to college are they not your kids too okay I guess they are my kids why are you calling them stupid no they're just they don't look at they'd rather do service jobs what are you saying I don't know.

1:10:22That's not something you have to go to college for. No, you're saying something. What are you saying? What's wrong with his kids? Your kids. What's wrong? I mean, they got their own issues. You guys get along? We've had multiple issues about his spending and his finances, and that's why we just don't talk about it. What are the issues? I mean, his spending. Okay, but you said multiple problems. What? Did he lie about his debt? yeah and like how much you don't even know what he is well i do now like we've you know his dad well not fully but why weren't you making payments in general you've had a job it was like six hundred dollars it was really yeah because that's your payment i know and you're an adult what are you doing.

1:11:14So again, so again, we just have we literally have another reason why the mortgage shouldn't be behind. Mommy and daddy were paying for it. That was back in January. Still, you just given me a second reason why we shouldn't be behind. You're making this so hard. Why punish yourself this way? You're making your life so hard. You've destroyed your life. You have destroyed your life and I need that to be clear. I'll feel bad about it and it's okay for you to feel bad about it, but I need to be crystal clear that you have destroyed your life. And the reason why I need to be clear about that, even if it is brutal and makes you feel bad, is because I need you to not destroy your life again in the future.

1:12:04Because what you have done up until now is not put yourself in any position of any goodness. I sold all my inventory for my side hustle of selling Hello Kitty items and use that money to pay off one of my cards and will put the rest in savings. I called on my Bank of America credit card and settled the debt down to$10 ,000 and will pay that off in six months. I am still working at getting better with budgeting, but I have been making attempts to really buckle down on excess spending. Dude, you were just on the show, it feels like. And this is incredible that so much has already happened. I'm glad you got rid of those Hello Kitty items and everything.

1:12:45That's crazy. But settle down to$1 ,000, paying that off in six months. You better actually pay that off in six months. And that you're getting better on budgeting. These are good signs. So just pay that off in six months. And I want to see proof that you did. Hi, I'm Maya. I'm 24 years old. I'm from Vista, California. And this is Financial Audit. Honestly, that leads me to your hobbies. I never get like a hobbies point. I have notes here and I never have like hobbies. I don't go look through the hobbies, but what do the hobbies read? Likes to eat out. DoorDash slash Uber Eats. Dating. Likes to buy people meals.

1:13:21Buying people gifts. Tattoos. Vaping. Probably not the best hobbies across the board. It is not bad, but the buying people meals thing with our finances. So we have debt, but those are our hobbies. Okay, a thing about that is I don't like when other people pay for me. So I kind of always insist on paying for everything else. And it kind of feels that it's like something that can be held against me. Like, you know, okay, well, I paid for this. So now you, like, have to have s*** with me. Yeah, and then say f*** off. I know. And I have a hard time with that. so instead i just insist on paying and then that takes out of the equation but then i would say you paid for me now i feel like less of a man i deserve to be slept with you immediately only started with what he did which again out of the control that and that is a part of the answer but what about what you've done i went into a black hole of spending I went into retail therapy.

1:14:31I went into. Over when? When for what? Because of this? Like probably this entire year at least. From like January up until now. What does that mean? Probably longer. What does that look like? That looks like me spending$2 ,500 on a trip. Well, you know some of the things. You know some of your numbers. You think you spend more than you did. You know you spend more than you did. More than you made. So you know some things. But then you go and you go. McDonald's and Barnes and Noble and refuse to change any of the behavior. So you have the knowledge behind it and the refusal to do anything about it, which to me pisses me off.

1:15:11I've gotten my three jobs and have been working them ever since the end of the episode. I've doubled my income, possibly plus a little more. I've paid off three credit cards. Whoop, whoop. And I've stuck to my goals slash plans of cutting my expenses. I am three cards away from eliminating all my credit card debt while consistently making payments toward my student loans, etc. Once I am there, I am going to begin saving up for an emergency fund. I've started therapy as well on a regular basis. I had started during the show, but forgot to include it in my episode. Overall, I'm making small but good steps towards my goal.

1:15:44I have also cut financial ties with my family. Whew! Three jobs and just going and going and going. Good job. I definitely love to hear that. Three credit cards as well? like this these are these are the big wins that i am all about and you'll get your emergency fund then you'll get your retirement on track listen small steps are big steps in my book if you're actually making it towards the goals that is what matters here this is a show about progress and growth learning from our stakes not beating ourselves up from the mistakes once we start going forward and actually making progress and making our lives better and you are doing just that and I'm very proud of you.

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1:18:08Your future starts right now and Course Careers is here to help you shape it. Hi, my name is Elena. I'm 34. I'm from Edinburgh, Texas, and this is Financial Audit. So you make$2 ,000 a month. How much did you spend? Well, I need help, Caleb. Well, no, that's why everyone's here. That's not a cop out. Whether it was a conscious, it was a conscious effort. Whether it was a full frontal conscious effort of, I am going to go get McFries over my child's future. No, but in there, you still made the choice to do it, knowing that you were going to stop paying on a debt in order to get a McFry. I don't care what you did two days before the show.

1:18:51Two days before the show is nothing. That's a scramble to look decent before you sit at this table. That's nothing. It's the actions that we've been doing for months, for a year, for a decade. Those are what we break. And so, no, I'm not going to sit here, give you a high five for that. I'm not. I'm sorry. it's just that's not helpful to you it's really not it's not 20 dollar fee was one percent of your paycheck one percent of your paycheck one percent and now we're up to 10 because we decided we didn't want to pay 20 but we wanted to spend 250 getting mcnug you don't learn anything how much did you take out of your 401k it was like 8 000 buddy how much do you have not even the worst people on this show have not paid their affirms uh wow i didn't think i was the bad one one of the bad ones if you put 20 down on a car and it's a three year loan and you can't afford the minimum payment or it's more aggressive than eight percent of your income you can't afford it stretching out the term does not mean you can afford it paying it you're accruing food freeze food fees are all because of you and your actions and your spending and your lack of discipline and your inability to budget or have any sense of maturity in your life or care for your future or child's future financially.

1:20:14That is not an answer. This is a podcast. You give an answer. Okay. I'm sorry. No, no, no, no. I need to know why you fully recognize what you needed to do, what was wrong, and what was required to get out of this a month ago, and you've done nothing until the couple days before you knew you were coming on this table. Why?

1:20:38I've paid off some of my debt and have gotten a second job as well. I'm trying my best to stay within my budget, but there's days where I've fallen off the wagon. I've also started meal prepping. Second job, paying off some debt, things are looking good. I get it. Listen, it's hard. Sticking to a strict budget is very difficult. It's just the reward in the end, I promise it's worth it. Keep going. Find ways that keep you on a little better. You know, maybe reward yourself for hitting certain milestones. If that keeps you on the budget, listen, my philosophy has always been, and I know it's a little hard to see in an hour and a half episodes, three times a week, but I am true about this.

1:21:19If it takes, let's pretend two years to pay off a debt with a hard, strict budget and having no fun with a 75 % completion chance, but it could take two and a half years to pay off the debt because you're setting little rewards along the way to spend some money and that has a 95 completion chance i'd rather do the two and a half years okay so don't be too hard on yourself but also make sure you're holding yourself accountable at the same time and just set goals and expectations correctly and do it in a good healthy way hi my name is heather i'm 21 years old i'm from washington and this is financial audit how do you feel living in that area on 2 500 hours um it's expensive and it's hard um and i i struggle a lot um especially because i i spend a lot of my mom's money she's probably given me about 200 000 in the past five years what that's so that's an insane amount of money how does she giving you that much money unless five years about yeah and i work for her so i i make i make the money from her business and then she kind of gives you do nothing at your job get paid some money for it and then siphon $200 ,000.

1:22:46Yeah. Why don't you listen to her? And why doesn't she stop you? What? I'm so confused. Honestly, I don't know. I mean, I know why I don't stop. I don't know why. Why don't you stop then? Why don't you stop being a selfish piece of crap? Because I like to shop. That's worth just taking advantage of your mom being a disgusting human being. Bottom of the barrel trash washed up on shore needs to be thrown back into the depths. the ocean you'd rather be that no but you are what do you mean you just said i'm not stopping because i want to shop shop and yeah your spending is ridiculous what do you mean honestly i don't know that's not an answer that's not an answer that is not an answer i guess i kind of just struggle with the whole like stopping myself from buying stuff um like today i bought a whole new outfit for the show um the show the show about not spending money yeah you do what are you that was a um shouldn't even be wearing that hell self-love you're not self-loving you're just destroying your mom's finances you're not self-loving i'm sorry i had to interrupt you rewind for a second what are you talking about this you're doing better you spend 500 going out to eat what are you talking about sometimes i go to more expensive places too like my husband and i will go out to restaurants also dude just your miscellaneous bull category which we're gonna go through so much spending here in a little bit is uh 2 ,598 it's literally what you 94 hours more than hits your account on a monthly basis so the rest is borrowed through mommy yeah borrowed wow this is this is insane and i i think i can't remember what degree i was going for i can't remember if it was just straight psychology or if it was um applied behavior analysis but i was going through for one of those there um and

1:24:54I can't remember why. I ended up falling behind and left that one too. So you can't remember why for both? Okay, that's great. That's going to prevent us from doing it again. I need you to separate from your mom somehow. I need her to stay alive but not in being... I just need to... You need to not be able to have access to her somehow. This is like... because I have no problem with someone helping someone out, and I have no problem with asking for help either, but what she is doing, and taking care of you, and babying you, and doing all this, you're never going to grow the f*** up, or learn how to budget, or learn how to manage your finances, you're never going to be able to be independent, ever, and you take advantage of it, so crazy, dude, your mouth is never delatched from those f***s, dude, you are still right up on them, i don't borrow as much money from my mom anymore and i do pay her back when she lets me we live on a base so our housing and utilities are completely paid for by the army glad to hear you're not borrowing that money from your mom um and that you pay her back when she lets you i'm not 100 sure what that means but now that your living expenses are you know down let's redirect that pay her back all the way and actually take control of your life okay hi i'm vanessa i'm 42 years old and I'm from Round Rock, Texas.

1:26:21This is Financial Audit. Just to let you know, I don't know if this is going to impact anything or not, you know, but my finances are worse now than they were when I sent these statements. My finances are worse. And honestly, a little stunned to hear that because how can they be worse? Because the spending on these credit cards is some of the most insane spending I've ever seen on active interest accruing credit cards ever. And then to come in here and say, my finances have gotten worse, worse. I didn't know that was possible. So I just wanted to call that out because the audience wasn't here for the pre-film conversation.

1:27:05How long have you guys been together? Probably five years, six. It's marriage on the horizon. That's a while to be together. We don't talk about it. I'm not. You know, your salary, What came in? Do you not budget? Have you never looked at an account? I try not to. How much came in for f***ing sake? Why would you possibly spend$9 ,000? It's not about looking down on your job. It's not about looking down on your income. It's not about looking down on your life. It's not about not knowing how much comes in. It's about the fact that you spent three times your f***ing income. And then you tell me it's actually worse now.

1:27:37Your financial situation has gotten worse now. So tell me, why would you possibly spend$9 ,000 when$3 ,000 comes in? A lot of work. You are a child. You are a literal baby. Totally. Come on, like legitimately. Sounds like too much work. What do you mean? You call. Do you have a phone? There it is. Google. Call. This is easy. It's probably on the website. Are you serious? I guess I need it. I guess it's true. Or you potentially wane. Or you potentially get on something else. or you potentially see a therapist on a weekly basis. So you develop better coping mechanisms around this. This is simple stuff.

1:28:17Is it? Also, millions of people have ADHD. It doesn't mean millions of people live like this. Yeah. I live like this. Yeah. Then they forgive the rest. No, well, it's more. It's definitely more than that. That's just what I saw recently. It could be closer to 80. It's all convoluted and ridiculous. And it's overwhelming. Oh, I was just trying to type something in and I believe I heard 80 ,000. Yeah. The fuck are you? What are you talking about? You said 20. How? 20? You have no respect for money. I deleted my free people app, banned, reinstalled, ordered two more things, felt immensely guilt, and have since stopped shopping in general.

1:29:03Paid off about$3 ,000 in debt since the show in late October. I made an appointment to seek therapy with an in-network doctor for early January and am back on my meds currently. Signed up for an IDR plan to pay off student loan debt, but have yet to utilize the help offered from the show. I will be looking into that financial stuff soon when I feel more stable and prepared to move into that headspace. The BF has been holding me accountable to my spending habits, so I'm not shopping. I have caught up my credit cards to stop accumulating more debt. Deleting free people is the best thing you could have done.

1:29:33That was the most insane thing I've ever seen. that was crazy three thousand dollars in debt for an episode we just filmed is absolutely incredible and that you are seeking a therapist is great again we can connect you three free therapy sessions i don't think we had that in place at that time we're always trying to grow our resources list for our guests and for our audience so things are great the income deferment our income based repayment you know we'll see how that works with the new administration you really never know it kind of depends on the department of education uh whoever's leading that.

1:30:03It also depends on what the Supreme Court says, which they're likely going to hear something on these income-based repayment plans. So mostly because of the save plan, I do believe. So keep your ear to the ground for that, but keep up this progress. This is really good. Hi, my name is Ellis. I am 23 year old from Dallas and this is financial audit. I got coddled a lot, like in my adulthood and that's one of the reasons why who um my ex typically your ex okay yeah a lot so when i moved um because i failed out of baylor came home went to community college and then i moved out to arizona he coddled me a lot in that aspect because i wasn't what i was going to school yeah what was coddling come on he would pay my rent because i was not making enough money to live in phoenix it sounds like you're just trying to take an excuse for why things are bad today and why you're not doing well now i think i think i think he is to blame i'm gonna be honest with you i think he is to blame the are you what do you mean do you have no ability to self-reflect internally and take any kind of responsibility we barely even looked at your numbers yet but that's insane credit score will be 600 by february 2025 and i started paying on my big college loan i'm glad to hear you started paying on the big college loan i wouldn't have expected anything too big because again we just filmed with you even sooner than the last one that we were talking about so credit score being 600 by february yeah that's not my biggest goal for you this is mostly actually taking control of those big debts and if you've started paying on it that's a good start also let's be pretty pretty uh pretty strict and uh get your butt back on here in like five months let's see what's happened my name is ethan i'm 24 i'm based out of houston texas and this is financial audit um so i'm a day trader currently um wow you must be doing okay then i it's it's complicated do you live at home uh i live with my aunt currently for free uh no for 500 bucks a month but you've taken two how are you paying for that so i've i've i've liquidated a lot of my assets over the last couple months um 24 whatever you're taking away all the compound growth and time that you have on the future of your life what what assets so i oh no i liquidated my roth uh first of all and then what my roth IRA okay i had a personal one opened up at some point wonderful yeah let's do that our tax advantage account something that would be tax-free by the time you're 59 and a half do you know the statistics around day trading i i don't but i didn't pull from it just to pay for trading i pulled from it to pay for rent so wait you've been i don't know for four years and you've only ever taken out four dollars four hundred dollars i've taken it i've taken out i've made about three four thousand but i've only taken that's enough to survive uh leanly for a couple months no what's your account at which account all your day trading accounts is about five hundred dollars profit right now no no no what's the balance buddy uh 50 500 okay so you're trading with 50 000 okay yeah so obviously you can day trade because you're over 25 000 hours in your account which is required to have in order to make more than three day trades it's not mine though the 50 000 isn't mine uh explain that so uh the 50 000 is it belongs to something called a prop firm so i paid 50 for it and then another 100 to activate it and there's no loss liability though so if i blow the account i don't owe them anything i yes i was behind last month no what were you smiling about all right is that funny to you it's a reaction i trying to control it okay uh but so you were behind on payments but you just caught up because you were able to sell an nft yeah it was kind of a last resort and I didn't know existed until I...

1:34:08You didn't even know you had it? No, I didn't know. I didn't want to sell it. And then I just got to the point where I was so behind that I kind of had to. What is our plan for income? Is there another NFT waiting? No. And we know that you can't deal with at least a single responsibility in your life. And I especially can't deal with them when I'm dealing with everybody else's responsibilities as well. Sure, I'm sure that's a big load of bullsh** on everything you've said this entire conversation. Because you've lost all reliability. as a trustworthy person you can believe what you want to believe i mean it's impossible not to believe that after this entire conversation come on we're 40 minutes into the you around yeah and being a child yeah come on fun in life not in this interview but i mean you're actually i mean you're giving me what you think but you are a literal baby you know you were like just born i know i'm so insulting you uh and like but i don't give a like i mean it's i'm kind of disgusted by your existence.

1:35:02Like, it's a joke. It's been five months. In that time, I'd quit multiple jobs, began door dashing full time, was forced to find new living accommodations, took a trip home for a week, continued donating plasma, and working on my day trading. Got even more behind on most of my bills. My credit card probably got worse, but starting this next month, I'll be taking some decent sized chunks out of my debt to hopefully be debt free sometime in 2025. I don't think I missed anything. Things got slightly worse after my episode, but they say things get worse before they get better. So we're close to getting better.

1:35:39Oh, yeah. I also roped one of my friends into day trading and he's making about five times more than I am because I'm that great of a role model. Why have you quit multiple jobs and being forced to live in new things and roping your friends into day trading. Listen, they're doing well for now, but there is no guarantee that they will. This is a disappointing update, I'll be honest. But this is what happens when we film four to five times a week. We're going to have people that do well, and we're going to have people that do less. Our method has been proven to work, and we're going to share information.

1:36:16I'm going to share information of that at the end of this episode. But even with the ups and downs, even with more ups and downs, there are downs. and I don't know. You might need to come back on. Reach out, come back on. You might need a good slap in the face. Hi, my name is Will and I'm 35. Hi, I'm Hannah and I'm 35 and we're from Gerald, Texas. And this is Financial Audit. You don't trust her. Your wife. You don't trust your wife. Well, I mean, I trust her. That's what that came down to. Yeah, okay, maybe that came out wrong. But I mean, I have, I think, insecurities about... Based on what?

1:36:53Based on, I mean, I think that we have different ideas sometimes of wants versus needs, I think. We might disagree on what type of furniture is needed for the home. But I think that home environment is important. Important is different than need. I know. Need is survival. I think that to mentally be okay, a home life needs to feel homely. and not barren. So if we could loop on to that really quickly, not to try and divert away from the fact that I believe that a house feels homely and it feels good. And that is an important need for, we have two children. I feel that I too cannot trust. Okay. If we combine.

1:37:43She specifically chose not to watch the channel. Yes. You wanted to come on. You pushed to come on as a couple and you didn't want to see anything because you wanted to be surprised. Yeah. Which is, I mean, that's awesome, by the way. That's like brave as it gets. But taquitos here is typically stopping at a gas station, getting some bulls**t purchased. Got it. Because we don't know what it is. And there was this guest who refused to give up literally getting taquitos for dinner every day. God. It's a doctor. I understand. Dr. Pepper, his taquitos. Taquitos, interesting. Because apparently we can't buy those in bulk at Costco.

1:38:15I do. I do that as well. Oh, good. And over in abundance is what I'm hearing actually from this side of the desk. We have an overabundance of toquitos at home. You guys are just getting your wants. You're just flowing and swimming in your wants when the needs are just barely being taken care of. Luckily, no purchases, but$52.52 of interest accruing on the city preferred card with a balance of$2 ,434. so now we're at almost 13 ,000 hours of credit card debt. Only minimum monthly payment being paid on this. But again, Mount Playmore, much more important than a shell card. Yeah. Balance,$632. It's weird how that sounds good after your multiple thousands of hours on other cards.

1:39:00I feel like we have a cycle of cards constantly coming in that's not even on this debt, which then occurs more debt because then we have to fix the card. And on the GPO,$4 ,196 with a monthly payment of$204. What's the interest on this thing? It's like 20 something. No. Yeah. Because it. What does it say? Is that it? It doesn't have a rate. Yeah. It's not good. No. Yeah. So it's in the 20s. It's somewhere in the 20s. It's like maybe 24. I was guessing. What? I knew about this. I love that you think I know about all this stuff. And yet you literally confess. You've literally confessed to not talking to me about finances.

1:39:44not sitting down and talking with me and showing me any of these not communicating very well feeling overwhelmed but i love that every single time i ask you about it you go you knew because every single you knew you knew that you know i did not know i told you i i mean i've told you i pay 204 for the jeep every month i told you i had to take out a loan i you i you if there it should be we i know this is a disaster yeah the biggest thing that is preventing us from tackling this in the first place is the division. On my strict budget, $338.40 is what you have left over on a monthly basis. And that's not...

1:40:25That's with her income. Yeah, it's everything combined. It's all of it. I'm saying we're walking into the summer. That's why I'm concerned. But you're not saying that we're totally a sinking ship. Just totally... It's tough because it's like our expenses are higher than our income during those two months in the summer. No, it's sinking, but in order to patch the holes, it currently takes 80 months to pay off our debt. So 80 months before you're allowed to have any paid for fund. Okay. Like, come on, that's unacceptable. We're going to be in our 40s. Right. Yeah. Because it's six and a half years.

1:41:00Right. So that's unacceptable. And that's not even taking into account that we are underwater in the summer. We started making progress after the episode, and we're really excited. and things got really stressful as a result over the summer. We started going back to our old ways and lost most of the progress we made. We had a few issues with our cars. I ended up selling my Mercedes and Jeep, though I didn't make much profit. And after paying off the terrible loan on the Jeep, I used the remainder of the money to put down on a Ford Maverick. I have a car payment now, but I'm getting about double the gas mileage and I'm not spending anything on maintenance.

1:41:35I was previously spending close to$500 a month on repairs for the old cars. My wife did end up getting hired in a new school district and is making more now than she was before. Currently, she's driving about 30 miles each way for work every day and paying about$5 in tolls. So we're moving closer in January and downsizing. Our current house's rent is up to$2 ,158. Plus, there's about$250 added on for pet rent, HOA, smart home fees, utility management fees, etc. So it's closer to$2 ,400 a month. We found a house that's a few blocks from Katie's New School, so when it's nice, she and our older daughter can walk to school.

1:42:13The rent is$1 ,850, and there isn't any HOA or pet rent or anything like that, so that should be a lot more manageable. Our younger daughter also got into daycare for employees, which is cheaper and includes lunches, so we'll be saving around$200 there. The other major thing that changed is that my wife and I really started looking at our mental health and talked to doctors. So she's in therapy now and I'm on antidepressants, which I think has helped with our need and cope spend. But we still have had some missteps. We had a couple of trips to visit with family and that ended up costing more than we were really comfortable spending.

1:42:47So we're recovering from that. I was reached out to talk about a follow up, but I've been really busy with work because we do a lot of industry shows just before the holidays. I was in two other cities every week until Thanksgiving. I think after we move, we might be able to if there was interest in having us back. I think we're moving in the right direction now, but we still have a long way to go. The real struggle is staying consistent and not making mistakes that set us too far back. And not making mistakes that set us back too far. Really sorry to hear that the contract wasn't renewed, but that you guys were excited and, you know, started making some progress.

1:43:20Going back to your old ways, it happens when life gets stressful. This is what happens when we don't have an emergency fund to cover those hard moments in life. So missteps, they happen. The co-spend, it happens. Trips with the family. it's hard to say no to just gets really difficult in your guys's situation, man. I know the struggle is consistent and the mistakes are setting you guys back far. You really just have to hold each other accountable. Listen, everyone liked you guys. You guys are very pleasant people. I'm happy to hear that things are going well therapy and that mental health is being taken seriously.

1:43:54And get your guys back on here. Sounds like you might need it. Okay. Hi, my name is Brooke. I'm 28. I live in Austin, Texas, and this is Financial Audit. You picked it up so bad. Yeah. Well, I just forgot to pay it. And so then they closed it. Audit? And then I need to pay it. You have to forget to close it for quite a while. For a few months, yeah. And they reach out. Well, I never reach out. And you also have mail and apps and emails and phone calls and things that operate in civilization. But it's easier if you just put it over there, you know? Put it over where? Where you don't think about it in the space where it doesn't exist.

1:44:34And I'm assuming it has credit, which is why when you go apply for these credits, you're not getting approved. Right. So but the other payday loans do approve you because it's such a high interest. So I've just been borrowing from myself in that manner because sometimes I can't make a payment at a certain time and I don't want the payment to be late because I don't want it to affect my credit. But the payday loans get paid off. What is your life? What are you? also i don't want to let go of certain opportunities like being able to go out and have fun have a good time why is that not in the budget again you don't not make any money so why don't you put those experiences and things that you value into the budget or don't be in the budget then you stick to the budget and then you do those things but you do them in a way that you don't as often have to borrow payday loans i think why make a budget if you're not going to follow the budget that's true and that's why i haven't made a budget in a while because I made a budget like two or three years ago when I was moving so I think I went out a lot with friends and so the experience is going out getting drink why don't you get a little like pregame you're spending a thousand three hundred dollars more than you make a month how can you afford to buy drinks for other people you're buying pretty loans I've done it so I've done it yeah via payday loans yes she knows her numbers dude it is 609 I'm on it but that's worse yes that's worse because you know it and you do it yeah you don't have an emergency fund meaning if anything happens you have a car you drunk drive you hit something guess what you total that car you're not gonna replace that car you don't have an emergency fund something pops up something medical family a trip a trip because someone passes away you never know what happens an emergency is an emergency is an emergency and you don't have a fund and you know how much you spend on going out How much was the speeding ticket?

1:46:23It was like$600 and something. Oh. Wow. Those are expensive. Yeah. Well, it's speed, dumbass. I stopped speeding, dumbass. As someone who definitely doesn't speed. Well, it's Texas. I mean, everybody speeds in Texas. It's feral out here. I'm inviting comedians on the show, guys. You don't have insurance. Yes, but I'm working on that. No, no. You can get it in 30 minutes. How long have you been working on it? How long have you been working on it? It's really expensive for insurance. It's really expensive. You spend$600 a month going out to eat. F*** you. Yeah. I could probably, yeah, put that to that.

1:46:59What happens if you get in a car crash now? Because now you're not insured at all. And now you don't have an emergency fund. I drive a lot safer now that I got a ticket. I mean, I'm just saying. I only drive to the bars. I refuse to get an Uber. I got a speeding ticket for going quick, and it's a$600 one. It's going to go to collections before you know it. They're going to feel like, oh, I'm not getting my$441. Let me sell it for pennies on the dollar. And then they're going to try to fight to get it. They've been calling me. Yes. Yeah. But pay it now. No. How much is it in your checking account right now?

1:47:27Like$78. How? You make too much money for that. How? Possibly. Oh, wait. I know because I've seen your checking account. I'm going to die. What is your preference for your consumption of the Nick? I just vape, but it's only when I'm drinking. It's probably after a night of drinking. You're spending a lot of money at the place you work at. I was$9 ,000. You are a toddler. You are a toddler in an adult body managing people somehow. What kind of f***? They're going to garnish your wages. They're going to get their money through a worse way. They're going to take it before you see it. Okay. I don't know.

1:48:11What are you? Why do you think that you are entitled to that? Not entitled. I just didn't want to. I just figured nobody else is paying it. They would. What do you mean? Nobody else is paying. We're all paying. Oh. More savings, more savings and situated a lot of debt. Now I'm just paying off student loans and car. Can't wait to follow up. Love the more savings and situated a lot of debt and paying off your student loans and car. Can't wait to do a follow up with you as well. Hi, my name is Paige. I'm 26 from Austin, Texas, and this is Financial Audit. I want to ask you this out of just legitimate, genuine, not as an insult.

1:48:52Okay. Are you dumb? No, I'm sorry. Like legitimately, are you not smart? Okay. Okay. You recognize, yes, I move around a lot, but most of that is like for travel, for like fun things, that kind of thing. like and i can end up being an excramp against spender well did you just hear the things you said do you not even know what words are for me that's what's important to like to travel to see things then what the are you gonna do there's no frugality in that do you not know what you're saying do you not want to know what any of those things even are do you not know what things cost money so do you have any point that has any kind of standing or is this all gonna be bull it's not bullshit that was bullshit and what you said before that was bullshit so where's the non-bullshit yeah I have my bachelor's and my master's in economics what the what the no way oh you know what the fees are enough we better go ahead and purchase two thousand six hundred twelve dollars essentially more than we make from our day job in a single month on a car that's accruing interest than getting damn fees does that make sense are you stupid what I'm going to Switzerland Oh my f***ing When?

1:50:06When? This is not funny Shut the f*** up In January Your life is on the line here dude And it's clearly all a joke to you You don't give a f*** Gosh I'm sorry I'm just being mean to you But I do not like your personality You are such a f*** There is no word to describe you Hasn't been invented yet I need your bent It's not a real word. I just made it up. Moisten bent and love the scimitar at me. Because you qualify for that. You need a new word. You're a bent. You are a disgusting bent. Not disgusting, but you're a bent. Bloody peasant. Anus bent.

1:50:49Still living, laughing, loving, and deading. Hope you're actually paying off some debt as well. Hi, I'm Savannah. I'm 25. I'm from Austin, Texas, and this is Financial Audit. so what is your financial situation what are we looking at here today i would say it's pretty bad so like okay so your parents convinced you both to open up credit cards yes okay okay no offense but this is not one credit card that we're going through you also have like a really stupid car debt did your parents make you get really stupid car debt not well okay so from that um they pretty much had like no money so they were just like here so so what does your parents having money have to do with it it's your life you're an adult well it's like do you blame your parents for everything well right now they're kind of like they didn't really teach me anything about like come on no one credit cards no one gets taught that in america any money they can give me i accepted and i also did summer say you mean like student loan providers yes so the government student loans and they told that to me my brother and then pretty much my other siblings too like oh we don't have money for college so just take out the loans and we'll help you pay for it after you're done with college and now that those are weird i would love to hear their side of it though if they would agree that that's exactly how that transpired it i would say it's not their exact verse, but definitely like, hey, do the FAFSA, do this, and then we'll be fine.

1:52:24We will pay for it? They took out the Parent Plus loans. What about the ones you took out? They said they would pay for it? They said don't worry about it now. Wait till you graduate and then you can get a job. You'll be fine. Can you afford this? I can kind of afford Spoiler alert! Sleep payment's coming! Can you afford this? Why the f*** do you have a Disney card? so ironically we were at Disney and they were offering a promotion we'll give you I think it was like at the time like$500 if you sign up for a Disney card and you get approved and I was like oh that seems like a good idea if we go to Disney so I signed up and then they approved it and if you spend a certain amount you'll get that money back so then I spent it for another Disney vacation to get the rewards dollars and at that time my parents were also like oh we'll help you pay it back and this thing would they would i'm just i just need to know would they agree would they agree if i called them right now would they say yes that's what we said we said we will pay back all of her little debts if she takes out the debts they'd probably say yes but but but but they'll probably like oh well she's an adult she can pay it so five thousand seven hundred ninety nine dollars and fifty cents are we blaming this on the parents again or what the f*** is going on few years ago struggling to try and make it on my own and they sent a check in the mail and i was trying to pay rent oh no and i thought it was a good idea oh no it was oh it was one of those loan checks yeah oh obviously they they wouldn't exist people didn't take them out but i've never i don't think i've ever met anyone who actually took it out that's it's wild yeah that's wild and instead of working more this is the wake-up call that is critical you could have put you could have done you could have put half down with the insurance money you just you went with a$20 ,000 car past you$40 what are you doing so that one dude i mean this is just basic yeah that one's going to be along with the other ones of i'm trying to pay but by the time i could no you're make a payment you're not trying to pay again nine hundred dollars you're not trying to pay so i'm not i'm sorry i'm not gonna allow you to yourself because you are not trying negative money but we went and spent five hundred dollars on one that was a slurge so it's a salon

1:54:57i was unemployed for a month that set me back financially but i was able to get on unemployment for a couple of months until i started a part-time job at heb then i was able to get my contract back Now I'm working seven days a week as a part-time baker at H-E-B on the weekends and weekdays at my remote job with Apple. It took a while to bounce back from paying late fees and catching up on payments. So now I'm focused on improving my credit score so then I can refinance my car for a lower interest rate. So I feel more optimistic financially going into the holiday season and 2025. Yeah, I know that you were dealing with a potential contract ending.

1:55:31But, you know, unemployment, you paid into it, so I'm glad you received it. but I'm glad that income is starting to make some monies now improving your credit score to pay off your or get a lower interest rate on the car I don't know if that should be the focus maybe just pay off that car but it's good to be optimistic maybe the goal isn't correct though focus on paying down the debt instead of just refinancing it that is not our ultimate goal here people I hope you guys enjoyed seeing where everyone's at these days a lot of follow-ups to see a lot of follow-ups have been posted on our financial audit follow-up channel.

1:56:05Make sure you guys just subscribe there. We're going to be doing a lot of follow-ups in the year of 2025. But the exciting numbers that I said you guys would find out what they mean, well, you stayed to the end. So now you get to find out what they mean. It's exciting. I like to do an annual update of all of our financial audit guests from when we started recording two and a half years ago and see what the average and median debt payoffs are. See if what we're doing is actually working. See if the proof is in the pudding because we would change how we do things if it's not working. But good news, guys, it is as of now.

1:56:42And this is, yes, some people actually making negative progress, but most people making positive progress. The average for financial audit guess debt payoff is ten thousand five hundred dollars in eleven months. And the median for those who want the median, I know you requested that last time, is$10 ,000 in 10 months. So financial audit works, ladies and gentlemen. You get to show up here every Monday, Wednesday, and Friday, learn some things, get out of debt, stay disciplined, and also be entertained. But we are seeing real progress in tens of thousands of you. I have heard from you, and you are making actual changes in your life for the very first time.