Loser Makes Me Walk Out

0:00This is a real good story about Bronx and his dad Ryan, real United Airlines customers. We were returning home and one of the flight attendants asked Bronx if he wanted to see the flight deck and meet Captain Andrew. I got to sit in the driver's seat. I grew up in an aviation family and seeing Bronx kind of reminded me of myself when I was that age. That's Andrew, a real United pilot. These small interactions can shape a kid's future. It felt like I was the captain. Allowing my son to see the flight deck will stick with us forever. That's how good leads the way. You're not listening to anything I'm saying.

0:31You've not been receptive. someone else is going to be here in a little bit that probably actually wants help and i'm going to focus on them because this is a joke my name is don quavius i'm 30 years old out of oklahoma city and this is financial audit what do you do up in oklahoma city for a living uh right now i work as a web developer web developer and you're making like in the 40s right uh yes i'm technically an intern right now oh okay see i thought you made a little less than i would have liked to see yeah so i transitioned so i've been emt for the last nine years technically still emt uh and then i transitioned into web development i did like a little boot camp and then and those are great i mean i always talk about my partners at course careers for like great certifications and stuff like that um but that much makes much more sense for the income situation you have five kids right yes okay i'm curious how does someone have five kids and not go to the grocery store literally once and immediately all your food spending was eating out especially if you're not making a strong income how are we doing that as a single dad am i not wrong in that yes how are we not going to the grocery store once in a singular month well i mean it's five kids so i have three older kids and then two younger kids what are the ages so i have a nine eight and a seven-year-old and then i have a two-year-old getting ready to be three and then i have a just turned one-year-old okay so that didn't make any sense then because what you essentially it sounded like you were trying to set up was oh i have some kids that are older as in they don't live with you anymore as in you don't have to take care of their bills not older but i mean like older as in it's not much of a hassle to get them out of the house so yeah but what does that have to do with not going to the grocery store and then once in a single month it's just going to a grocery store with all them kids it's kind of a oh sure kind of a hassle but also you don't make much as a single parent uh and if we're spending it all on fast food by the way these proportions are absolute mess how are we surviving i don't know i just fun fact we barely are because you're missing payments so it's just like it's kind of one of those things where it's just easier to order the food than having oh yeah so oh it's easier it's easier what are you doing with your bills when they can't be paid though and you're choosing to spend massive percentages going out to eat i'd say about 50 percent of your spending is bs 50 we're not making much that just concerns me with the age ranges of the children there's a long way to go there's a long way to go you certainly won't be able to contribute anything to any kind of college fund what's your retirement at zero you said you're 30 correct yeah with five kids we've talked about it many times on the show you've seen the show many a times what do i usually say i forget i got short-term memory well then go to the grocery store even if it's a struggle you'll forget you went there and that is a struggle plus this is a temporary situation so i was making a little bit more my before this my gross total was closer to 75 massive cut okay but um uh transitioning the web it was kind of one of those it was like a i guess not a investment not thing it's you know what can be kind of like a little slingshot you know take a step back and project for right which i am not opposed to don't get me wrong but you can't live the same lifestyle you're living if you cut back your income 40 or so you have to cut back your spending 40 or so not maintain now you do get some from the va for for what purposes disability disability okay so you served yes what was your service uh army okay cool can i ask what happened uh why i'm getting disability yeah oh just uh my back my back knees and that's about three thousand bucks a month no fifteen hundred a month and then what hits your account from pay is about 3875 correct yeah well i don't want to say the name of the company but yeah yeah and you had some venmo ins but we also had venmo outs so not really going to count that so what hits your account on a monthly basis single dad um where was the person who gave birth to these things they're they're still in life we um it's actually more so like split custody okay yeah is there legality around that or is it just an agreed upon between you two just agree we're we're civil okay i guess you could say well what would you say your percentage of custody is then uh i usually get them on the weekends for now okay well in that case you know that gives you five days to go to the grocery store which immediately negates the argument that you already gave so so what the is that kind of bull so with me immediately don't me immediately what are we we're not even 10 minutes into me so because i'm still pretty busy so i try to congratulations welcome to life and we all make it to the grocery store that's true but i mean the grocery store is so it's a commitment i gotta go to a grocery store are you what do you mean and then a lot of time i end up spending more money no well that's you just being dumb at the grocery store no offense that's true we're putting you through our budgeting program in there has a it's for a single person but you can expand it to fit your lifestyle but it's 250 bucks a month for necessities in terms of groceries on a good healthy budget 2500 calories a day lots of meal prepping lots of planning but it tells you exactly what to buy and also it gives you that extra 50 dollars it gives you up to 300 because you know just deserts and we're like yeah you know we say 300 works but 250 is all you need so we brought it up to 300 but you know i mean you're just doing it wrong You just haven't sat down and actually planned That's true To be fair There's a lot of times where I do Decide I'm going to go to the grocery store And then I end up at like McDonald's or something It doesn't make any sense This is discipline This is being not an adult I'm saying that as a fat b**** Trust me I've been through some Mickey D drive-thrus But that's always a choice I'm not like leaving the house to go to the grocery store And oh what is this A McNugget's in my hand That's never happened doesn't happen all the time but you know well it clearly does because you didn't go to the grocery store once once singular time singular not even a singular not even a step in and buy a drink from a grocery store you didn't go to the grocery store once in a month i didn't know that was possible i didn't know people did that i don't know what about you must be amazon and everything else or something no i buy everything else in bulk from from like walmart usually like Like if I get toilet paper, I get like the large pack of rolls.

7:37And then although I did order my toothpaste online last time. Okay. Give yourself a financial score. Zero to ten. Zero being the absolute worst. Ten being the absolute best. Okay. I'm probably going to say like 0.1 or two. On this channel, our goal is to help you find ways to cut down on your monthly expenses. and thanks to today's episode sponsor, Helium Mobile, we now have an affordable... Shopping is hard, right? But I found a better way. Stitch Fix online personal styling makes it easy. I just give my stylist my size, style, and budget preferences. I order boxes when I want and how I want.

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10:08You're putting the burden on them when you have nothing for retirement. And who knows what Social Security is going to be like when you and I retire. Can't depend on that. By the time you retire, by the time that all happens, you're going to be 80. Working on the Walmart floor is what we call it, essentially, because you're just taking any job you can. Because you need to be able to pay that month's rent. You need to be able to pay for groceries because you never saved up anything for retirement. And what do your kids do? They're not going to let their dad that they love die under a bridge. So they're going to put pauses on their life in order to support you.

10:45Now, that is not a bad thing, a child supporting their parents. But if a parent, specifically over the course of decades, put their own priorities over their maturity and future as an adult and responsibilities, then you are putting the moral pressure on them to take care of you, which is unfair and disgusting. So you choosing that Mickey D's versus you actually taking care of s*** is being irresponsible in terms of a parental figure. in that case only don't get me wrong i'm not assigning you being an irresponsible father in general because there's a lot of things that go into that but from the financial perspective of you taking years to taking care of yourself and likely putting pressure on them in the future to take care of you because they will they're not going to let you die again so that within itself is an irresponsible thing for a parent to do so i will say i am a firm believer of i don't want my kids taking care of me they will doesn't matter what you want they will they're not gonna let you die under a bridge well i'm i don't want to plus i also don't want to get that old and you know where i can't take care of myself everyone gets old well they do but i don't want to be in a nursing home like i don't know though you don't know that's the purpose of that kind of you don't know that's true but if like if i can if i'm eating one day and i can't hold a fork right then i'm just gonna go off and do some crazy stuff and then i'm just gonna you know you're just you're being silly like that's stupid like sure you might think that now but when you're actually there you don't know man you don't know well i'll hype that's all hypothetical that is true but i've been working with it i've been working in healthcare for like 10 years and it's just the most depressing thing and then sure i will say i did have there was a point where like i said um before this i was i did have more of financial safety net doesn't matter where you were man you are where you are now and your actions are what they are now yeah that's true but i'm just saying you know like like i said i'm i'm making this transition uh it's a temporary How long have you been in it so far?

12:54So I've been since May last year. So how long is this transition? Well, so I had to go through the boot camp, which was six months in itself. Yeah, that's OK. So that started in May. The boot camp started. Yeah, started in March, actually. So and to be able to focus on a little bit more, I got a newer job that was a little bit less pay well a lot less pay uh being the internship no being i took uh so before that i was working at a college um running uh their simulations uh as a sim tech okay and then that was that didn't give me much time in my free time to to do what i needed so i uh uh went back to working out of non-emergency for non-emergency transport company okay uh doing that so i have a little bit more time to uh sure focus on sure getting ready or lead me to the end of this what are you trying to say so oh yeah so getting becoming so i can do my classes and do like my project on the side uh have time for that and then working on um like just built my skills and then um but then I started my internship in October okay how long does it last uh the internship so this is the uh last two weeks of it okay then what what happens in two weeks then uh so next week i'll do my official interview for the same company yeah okay they're not required to bring you on which i know yeah which if um tech market's a little rough right now it is uh i do also have i'm going through interview process for a couple other companies right now good um and then if they don't work out uh i know i'm going back to the uh medical non-medical transport company i'm gonna do that and then i'm going to if they if you do not get hired yeah in the field you want okay yeah while i work to get hired and i'm also taking on some personal projects as well what building websites oh okay okay yeah yeah no i'm no that's that's fine um no i like that and that's actually a very mature thing to do is if you don't land the job that you want to land you were going to get the job that you know you can get because in medical they're always hiring and you know those long hours was hard it wasn't exactly what you want to do but you know you can make a living doing it and you'll do that temporarily while you continue to apply to the job that you actually want in web development yeah that's that's a mature thing to do i respect that so let's go through these documents AT &T how the how the possible why do we how are we right how are we pass due 847 dollars to AT &T sometimes i'll have the money and i'll i'll just do it a payment arrangement because i always feel like i'm gonna need it for something else so but it's a bill it's a bill that's owed i don't care if you feel like you need the money for something else you owe the bill the contract that you sign what is this for uh is this for the service so it's for a lot of actually the fucking ipad and oh it's for all the kids so i bought them phones for christmas and that's uh that was the like the activation this christmas like the one that just happened a couple months ago yeah you put you can't afford it you were in an internship well i mean it was a good deal you couldn't pay it you missed the payment good deal i don't care it's it's a good deal if you it's not a good deal if you can't pay it that it's as easy as that doesn't matter if it was at a discount if you can't pay it it's not a good deal i mean i could pay it i was just didn't that's where you know what because i just i hate having a well so initially i put it on payment arrangement i was gonna pay half half later that's what i usually do just so what is this on a monthly basis it's like 380 kill me for how long because you just took it out so what's the balance i have like 24 months on like um two devices and then like 30 buddy 36 months on their phones you can't have big minimum monthly payments are like the worst thing you could have in your life in this stage it's an incredibly financially uh irresponsible move to have done this i don't give a shit it was on a good deal you're fucking yourself on a monthly basis the fact is even if it's good even if it's zero percent having such a large minimum monthly payment for someone in an internship position who doesn't know what their career in job is going to look like literally two weeks from now literally two weeks from now this was irresponsible beyond belief so i think it was i think it was a necessary bill for what do you mean necessary for my necessary for my kids to have phones what do they need it to talk to when they're not doing what they're not with me when they're with their mom they can talk to me why not work with the mom on going like havesies or something well i mean it's just she has things that she pays for i have things that which one nine eight and seven are they the ones with phones yeah not two and one yeah no okay because that would be wild one year old texting and calling be interesting i get it i get it especially for like emergency purposes you know parental controls all that good stuff and like i mean there's an ipad or like you can you can get them a phone a cheap android so i thought about that but i have an iphone their mom had the iphone yeah congratulations they don't need to be in the blue bubble ecosystem at nine eight and seven that's not a necessity to exist it just makes it easier to know you know what's not easier you paying your bills because you missed the payment i wouldn't call it missing it oh my it was strategic why are you just sitting there smiling and just like not accepting any of this what are you what are you is none of this information being processed what's happening so it's not that i don't agree that yeah it's high i'm just saying that it's that it was a bad choice i think it was a good oh my gosh that that against this whole conversation because guess what if the first thing we talk about you can't realize is a mistake that means you are you're willing to go do that again we can leave this we can leave this place we could leave this place get you on a journey put you on a path create a budget and you won't even you'll go do it again you'll go do it again so what's the point what's the point why even go through the rest of these documents what's the point so it's just with the phones with the so my oldest child she has a different mom so and it also helps them communicate with each other as well so and plus you you i threw my pen i'm sorry plus i've been plus they've been learning spanish they've been taking the initiative so that's also helps me get my my money's worth out of it i feel like good for them

20:37biblioteca i'm glad wonderful don't de estas thrilled yeah let's go into debt that makes sense hey guess what they're learning another language let's go into debt and have a minimum monthly payment that's absolutely insane for our current situation plus starting next month i'm gonna i'm gonna sign up for auto pay and get the discount you weren't on that i'm changing my ways no no no no no a changing your ways to something productive is agreeing that this was bad and that you would never do it again knowing what the is it is right now but you're like no like no i would do this again this was not a mistake this was good so what it okay what is what even is this what yeah your car was repossessed it was yeah so we should be going and buying top of the end phones for people that aren't even teenagers yet so to be fair i originally negotiated with the bank to pay please tell me that endless smile you have is because you're a jovial person and you're coping and not that you're taking this as a joke no i am pretty i'm one of those people that smile good because unlike i didn't i didn't know i was smiling so okay good good sorry continue um so yeah justify this well i'm not gonna justify i don't think um so to be fair i at one point first of all they were i don't think the repossessions were they were justified but it was still bs um so um i negotiated because i've actually reached out to them more than they've reached out to me about the debt so i originally negotiated a lower amount um it was like i think i negotiated down like paying off monthly payments um this was back when i had a higher income uh like 400 a month but they never sent me over the paperwork to the agreement so it never started oh my gosh were there two repossessions there were two possessions oh i'm actually missed that going through i just i double turned yeah so so it was an suv in a car and at the time weren't you making payments you were you were making like 75 a year so what the my guy you're destroying yourself yeah so okay so with the first one um it was the suv so i had for my justification for the suv in a car is that have it was a hybrid and they were both yours they weren't like a significant others so i had the hybrid so when i didn't have the kids and i was driving save gas good at the time this is the dumbest thing i've ever heard in my life it saved me money on gas on gas yes but you had a massive car bill overall it did not save you money net and well i felt like the amount of driving i was doing it would uh the because it was a it was an expedition those things are gas guns were so i would have been spending my i would have been spending my monthly payment i was making on the car and gas alone but what happened in the end what happened in the end well spoiler what happened in the end so you took out two large car loans that obviously you chose not to pay on and they were repossessed so what the any kind of intention behind what you just said was stupid so i was making so i was making the payments on them i had gotten so my kids had gotten covet one of my kids gotten covet and then um what okay sorry that affected because you know they weren't going to school so for how long for about like a week but then like right after it i got covet and i had covet for like three weeks and at the time right when i got covet um the week before i didn't know it at the time the week before i got covet um my job actually stopped giving us covet pay like pay giving us our salary while we had covet so okay and i didn't know that until it was too late so so i'm guessing you were never responsible enough to have a fully funded or even slight emergency fund so okay so we ended up at make arches instead of saving for an emergency fund where we have five children also you are there more coming this is you're just flying these things out my dude they're just they're coming they're just i'm a i'm a gambling man by nature so well buddy wrap it up sorry condoms aren't free so well i guess they are but at a lot of places yeah walk into a clinic they're like please please take these that's what they do no i mean i'm okay if you want to have kids whatever but like also it comes with responsibility and having a fully funded emergency fund is like a basic level of responsibility when you have kids to take care of so i have money i think so it's okay so you have money so then the sickness of a couple weeks should not matter it shouldn't have but i was also car doesn't get repoed after a couple weeks it wasn't it was um so with the suv it was actually like two two and a half months but i actually made i made the payment on there that was on the portal i paid twelve hundred dollars but apparently there was like a balance for like a hundred to two hundred dollars left and they still repossessed the vehicle you have to pay the balance yeah well i didn't i played what was on the the portal and so i believe you but this happened twice so with the second with my car um they i had a date so let's say i had they told me i had to pay it by friday so i made the payment on friday through their portal but their portal mind you it was their what their banking website i made the payment through and it still takes three days to process but that wasn't good enough for them so they still probably wouldn't be good enough for me well if it was if i were you were you would be like say i borrowed you money for to go purchase a thing which would be considered an asset because it has an equity position even if that asset's depreciating whatever okay and you're not paying it back and then all of a sudden one day you put a little bit towards it this even if it's what you thought would needed to go towards that i'd be like nah this dude lost it he wasn't paying us forever and he waited to the last moment this is a high risk thing him i'm taking it i'm selling it getting rid of it wiping this off our books well i mean it wasn't good for them because they were only able to sell it for like i know and you owe more i know so they they'll still get their money i mean unless you're saying you're not gonna pay this i mean i care about as much as they do and they don't care about it so what do you mean like i said i reached out to them about it more than they've reached out to me about it in fact i didn't have no documentation on this until i reached out to them to get it what about when they start hounding you though what are you gonna do could go to collections could go to small claims i mean uh you oh for one of them you owe 16 ,869 i can't speak for them and their entire finances but well like i wouldn't want to just give up 16 ,869 dollars so are legal avenues they can go down statistically rare yes but there are i understand but if they they have some point i so 20 000 total and it's kind of strategic so i know it's hilarious yes go ahead so um if well they don't care about it right now obviously because they don't they're not even a phone call never got it's been a year and a half now okay it's been a while and um so my goal is to let it go as long as possible before they even start caring if at all uh and then negotiate it down less uh come to agreement with them so to negotiate it down less well i don't know if they'll do an agreement they might but they probably just sell it off to collections and then you might be able to negotiate with them i mean that might be true but i'm sure this is in their internal collections and i'm not sure why they're not reaching out twenty thousand dollars isn't chump change but i'm sure for a company as big as them it's not i couldn't tell you why massive what's your current car situation uh i have two vehicles that i don't pay make payments on what do you mean you don't make payments on i owned them all right what do you have two um so i got a truck and um yeah that's good for gas it's not good for gas but it was the uh i got it from a friend making payments on it uh and uh we had like a little agreement to make it uh like some quick payments on it and then um um uh i came across um one of my one of my friends was buying a car and a guy who's buying a car for just had a random minivan you know five kids uh sitting in his driveway he said he was gonna donate it so instead of donating he sold it to me for like 500 why not just use that soccer mom minivan on a daily basis sell the truck get yourself out of the rest of the debt because like oklahoma you gotta have a truck you never know when you what you never know when you're a truck what the you don't even go most americans when they buy a truck they just literally use it to go to the grocery store once a week and you don't even do that so you're if you need a truck randomly rent one it'll save you so this is so stupid this is the stupidest thing i really so i don't drive it like you haven't accepted one thing i've said by the way i i've agreed no you haven't on what i said like the phone bill i said i agreed it wasn't great you said you'd do it again for the kids good why what's the point what did you hope to get out of this please tell me well i'm getting something i'm getting more insight into what's what my purchase is uh doesn't matter you're not accepting them the realities of them you do this again you're good would just you could get out what's that truck worth today what's the truck it is a 2005 dodge ram yeah you could probably sell it buddy i don't know for how much what 10 20 something definitely not that 10 not even that not even 10 is it in bad condition i got it no miles it's like i just know that used car marks crazy but that is old 215 000 miles and i got it for i think i got it for like 3 000 yeah never mind i was picturing something different no yeah i guess we continue because i'm here people have requested that i do a live q a for a while now and i'm excited to announce that i finally am on wednesday march 20th at 8 p.m eastern 5 p.m west coast we have an exclusive live Q &A for anyone taking or has already taken our budgeting program.

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33:11So, to, I guess, get more. Yeah, but what's the point if you don't listen? So, I'm listening. I'm hearing what you're saying, and I'm understanding. I'm just trying to give you my thought process, F. The complicated airflow is making it over there, but you're not processing it. it's all bouncing off of you i'm processing it like for instance i wouldn't get two vehicles again you have two vehicles well on payments what's the point when we can sell one even if we're not that much to at least start throwing it at our deck because you only need one you only need one need the word need you only need one that is true i guess i guess i'm like i don't know it's like i don't want to sell it because i feel like as soon as i sell i'm gonna start needing a lot more did you hear the words you said what was it what's the word you said i said i don't want to sell it yeah there was want remember we just talked about need i don't give a f**k your wants you would need to be able to retire you want mcdonald's i don't give a f**k about your wants for one single second right now because that'd be irresponsible on the side of the table.

34:29What are my wants? My wants are for you to be able to retire without your kids having to take care of you. You need that. You do not need McDonald's. Whatever. Capital One,$243.76 with a minimum monthly payment. No purchases, thank you. No payments. So. Why? No. So. So what? I don't know why I didn't make the payments on that, but. Because you're irresponsible. Accept it. That is true. Just accept that you're irresponsible. In this degree, yes. $6.28 of interest accruing. Late fee is going to hit soon. 30 % interest rate. Great. Oh my gosh. Sir, I have forgotten about this. You're your mom. You're your mom.

35:27Yes. What are you? You're addicted to debt and stupidity of decisions. Yeah. I mean, I owe her a little bit of money. Yes. $2 ,200. Okay. $200 a month is what you pay. Why the and when? So you do have child support and it's 325 a month. You're lucky. It's that low. Yeah. But go ahead. So at the time, I. When's the time? Two, three, two years ago. I actually started my own junk removal business. And it was all over the place. All over the place. Yeah.

36:09And it's fun. I hate moving. But like, just like, because you got to put stuff in, take it out, be careful with it. With junk removal, you can just toss it in, destroy it. and it's a fun you get paid to do it and sounds like you didn't well i was i was actually starting to get a pretty um steady business uh and then my trailer got stolen uh insurance so i did not have insurance at the time it got stolen so if you learn anything from this episode give insurance people my gosh so i was yourself i was in the process of getting insurance but it was hard getting insurance for since it's like a high-risk business it was hard finding insurance you could have gotten insurance you just a broker to go find your insurance might not be absolutely it might hurt on a monthly basis but guess what you'd still be in business well i was in the process and they just i just didn't it just didn't happen fast enough get insurance now yeah and then so um um so you borrowed this to start the business the trailer the mom's money uh no uh so um i upgraded my truck and um to be able to pull more weight because i got a new trailer with a bigger trailer oh is that one of the trucks that was repossessed no no you don't know what did you get this uh was a it was like a four 350 but it was a for pulling gooseneck trailers and it was big you know but you didn't have a trailer i got a new trailer oh how much was that uh this one it was like um like at a rent-a-owned place um but okay uh so i used the and how much was it it still costs money what the how much was it like 400 a month yeah for how many months how much what was that how much did it cost what was the total oh i don't even know i was it was it was only going to be a temporary so what happened when it was gone so actually that the so i got a truck uh i used that that loan from her to get a new truck and some equipment and like the down payment on a truck and the truck broke down debt for down payment my gosh yeah the truck broke down down the truck broke down and uh so and this was around the time i was getting ready to have my my um one-year-old so your current one-year-old yeah so this was a year ago yeah so your life is all over the place what do you want to do are you even gonna do this actual you're like interning for yeah it was so far from medical and uh building websites is so far from junk removal what are you so junk removal is i mean it was like i said it was cool so i started because i was in my garage um i was in my garage uh well yeah that's funny i was in my garage uh had a bunch of boxes because i was at the time reselling electronics uh so i had a lot of stuff in my garage and you were reselling electronics yes so here's another this is our fourth fourth career yeah within a span of a couple years okay but that one that one was it wasn't like lucrative but it also wasn't like negative it was like a decent profit but um so i did that and i noticed like it was hard to get i had the all this treasure is hard to get rid of so i was like there's whole businesses that do junk removal and it sounded fun so that's what got me interested How much did you end up in debt in the end?

40:02In the end, just from the business, it would say just that$2 ,000. It had to be more. Did you buy the truck in cash? No. Where'd that debt go? They just took the truck back. So you had another repossession. Are you serious? Are you kidding me? It wasn't a repossession. They just took it back and we just called it even type thing. Oh, my gosh. What happened to the trailer? The rent-to-own. So it was a rent-to-own, and their policy was you can return it whenever. So it was like a rental, but with the option to own it type thing, I guess, technically. So you can return it whenever you want to. No questions asked.

40:44That's why I didn't plan on having it for the entirety. So that one was going to be a temporary solution. You locked out on that. I mean, it was more skill, but. It was skill. We wouldn't be in this situation we're in with all the other debts. that is true i guess and then you pay 325 a month in child support it's just an added bill yeah let me just throw that into your budget certainly now your rent varies you do some work for the landlord in exchange for the cost of rent yes and it's at least 30 hours 30 an hour oh 30 30 that's the agreed amount it's not a bad wage what's the work you do uh so recently i just painted uh the living room and uh painted the living room and some of the upstairs yeah yeah okay and then a house yeah it's a house okay with two different units or something no like upstairs and no just uh for painting your room he gave you money off yeah all right you're getting a deal i know it's well i mean increasing the property value for painting well most people repaint after a tenant moves out yeah um unless you're like painting the house like the outside or whatever either way what's your average rent these days uh 700 so that's what it is typically yeah and i need to pull up your credit karma right on my phone yeah okay because i know there's more things and

42:19i need this caffeine in my blood right now

42:25good i'm almost in the 400 credit score range yeah oh but forever since i've seen something like that like literally the bottom of the bottom of the bottom of the bottom of the barrel good death okay loans a lot of them are going to be student loans which we haven't touched

42:46self you did some self stuff but you know i'm a balance with them yeah i paid that thing off collections 348 dollars for what 48 a kfc tale in the pursuit of flavor the holidays were tricky for the colonel he loved people but he also loved peace and quiet so he cooked up kfc's 4.99 chicken pot pie warm flaky with savory sauce and vegetables it's a tender chicken filled excuse to get some time to yourself and step away from decking the halls whatever that means the colonel lived so we could chicken kfc's chicken pot pie the best 4.99 you'll spend this season prices and participation may vary well supplies last taxes tips and fees extra 48 let me see where the original lender was geico oh you weren't paying your insurance so we had an issue not having insurance once and now we have an issue not paying our insurance no i i think that was i switched from geico and cancel it well i did or you did try to i know you did i'm pretty sure geico was the one where i had a contract and no maybe but well i tried to cancel it so i don't know you can cancel it buddy we canceled lots of sorry i just looked at your notifications instinctively i apologize you're so used to automatically going up there okay so here's one of our student loans what you go to school for uh so i got an associate's degree in paralegal studies and oh my gosh this is a career path so dude it's crazy so uh so i got that degree because um i just wanted to have that skill set and then i knew i was going to and i wanted to have a degree so um and then i wanted to um i don't think you're gonna stay in this career for long i think you're in a career for two three years and then you're on to the next you get bored you get bored so i get bored but not with tech i don't know man i've always been interested in tech i'm sure but all of a sudden you're gonna be in it for a few years and then there's something else nice and shiny it's gonna find out so they're gonna come up so well one of the reason why i didn't even try to get into like paralegal is just because um a lot of a lot of it is people like they want you to have like three years years of experience already and um sure and all that stuff and then i just gosh you're sitting alone seven percent for that one well there's more it continues yeah sorry continue i guess oh and then um first of all this is a lot I was doing a loan debt for the associates.

45:25Yeah. $26 ,000 here,$7 ,000 there. And then I started going to school for my nursing, which was originally my long term. Nursing? What are we on? Six? How many careers do we need to count? You're not going to stick with your current career. You're not. You're not. You're not. It's not funny. I am. I might not work for a company, but I know for sure I want to do like freelancing. freelancing. What, you think starting a company is easy? Well, I'm not going to start a company. This would just be... I'm not going to work for a company. What's the alternative? It's just like freelance, not like actually.

46:00Well, that's what I meant. Like you within yourself, you're a company. You're your own company. You're going to have an LLC. You are the company in a way. I'm not saying building a multi-million dollar... Right. Either way, that's so much easier said than done. I don't even know about doing an LLC. Everyone would love to freelance. Whatever. Sidework type. But you just said I don't know if I'm going to work for a company. Now you're only going to do side work how are you only gonna do side work well i mean no no not i'm meant with like tech that's probably not my but like i might uh finish nursing and then do you're going to finish nursing do well development no you're joking you're with me no nursing's a good feel to get why have you not brought that up in 50 minutes well i haven't fully committed yet i don't think you fully committed to anything in your life other than popping out children and another ten thousand six hundred thirty two dollars imagine if you spent ten thousand six hundred thirty two dollars on condoms unless you're multiple lifetimes i'm kidding i'm kidding you never know hey if my one of my kids get rich which might you know the chances go up with every kid oh my gosh is this something different is this another one or is this more or is this separate or uh i think they all came out separate.

47:16Oh no, that's the... You talking about the balance? The current balance? Yeah. That's the total. Okay, so total across the board. We're sitting at... Which means I'm missing one. Because the numbers I have don't add up to that. That would be 36... No, yeah, they do. So$44 ,585. Past due! Past due! They'll garnish your wages. They'll garnish your wages. This is debt to the government. So, uh... They... they just start taking the payments or charging again i just noticed when i was getting uh everything set up and i and that's a new company so it just switched companies too so i got transferred to them as well yeah so so i'm gonna go in we all everyone else figured it out i didn't i didn't know i didn't get a notification yes you did yes you did you missed it i missed it probably.

48:09I get like 200 emails a day. So when the start unsubscribing, that's not an excuse. It's your responsibility. It's your responsibility. It's your responsibility. Y 'all, this is the time to switch to my favorite high yield savings account with so far. 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. There's even extra perks like being able to get paid a couple days early.

48:45SoFi 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. $439 a month, 22 cents on a normal basis, but current amount due is$821 because we're$376 past due. Okay, fine, you figure it out, then why haven't you made the payment because you know you've known for a bit now uh i haven't explored my options yet what are the options what you mean go to income base or something it's not like your income is tragic i mean work for a non-profit try to get some kind of forgiveness what are you i don't know no um what i'm just gonna well yeah i need to i i just don't know because before, for the longest time, I was on income base, so I probably should have started paying on it anyway.

49:38$57 in checking. Here we go. Here we go. Thai Kitchen, Apple Bill, taquitos, ATM withdraw,$62. Who knows where that went? Burger King's basically not even food. Cash withdraw,$82. Who knows where that went? Comedy Club tickets, Bricktown Comedy, Venomate, not money. Venomate, not money. Going to express. express like the clothes store yes i'm not wearing it but i love wearing express but i get a 50 discount it's the only way to justify it so i think there's another way i went to express because we were getting ready for but you went to express a lot this wasn't one trip so if you're about to say because we're going to something you went there many times what was for yeah the only thing i remember was i'm getting ready for the daddy daughter dance express kebabs water burger mcdonald's taquitos little caesars shipley donuts jimmy johns wendy's mcdonald's venmo not money mcdonald's bricktown comedy taquitos taco bell mcdonald's chopsticks grandies cowboys cash for$42 who knows where it went sonic taco bell del rancho health nut cafe uh oh you go to the chiropractor per chance only choice no no first choice promo i don't know how i read that his chiropractor first choice promo 74 89 i don't even know what that is i don't know what that is that's great when a massive bell comes out and we don't know what it is and we don't have any money codo cashless draw 204 dollars who knows what i went cashless draw 124 dollars who knows what that went buffalo wild wings kfc outback equity brewing company dominoes some king thing crap taquitos home depot you go to home depot a lot by the way yeah that was uh for the apartment thing the yeah house okay so there's 542 dollars there than whataburger then home depot 920 then atx or auctions in oklahoma auctions braum store apple subscription of some kind another apple thing taquitos kfc home depot 114 home depot 31 dollars chef d's stop smoke what does it say stop smoke stop smoke uh first stop smoke uh i'm smoke no hopefully it's barbecue then water burger i don't even remember what it was apple money out great chick-fil-a taquitos and raisin canes but we're not done because we have another account 58 dollars in the checking account terrible pants i have for someone with five kids scary selfish because your spending is ridiculous apple bill digital ocean crunchy roll zellin out money hiroku out of network atm fee great and then we're drawing 102 dollars in the atm who knows where that went king gundy best buy best buy then we're not money golden chick grandies taquitos is church's chicken yeah you are single we got some of f atm withdraw fee on a network fee chick-fil-a amazon if you used babble you would babble's conversation-based techniques teaches you useful words and phrases to get you speaking quickly about the things you actually talk about in the real world with lessons handcrafted by over 200 language experts and voiced by real native speakers.

53:10Babbel is like having a private tutor in your pocket. Start speaking with Babbel today. Get up to 55 % off your Babbel subscription right now at babbel.com slash Spotify. Spelled B-A-B-B-E-L dot com slash Spotify. Rules and restrictions may apply. McDonald's, Thunderbirds, Thunderbird Casino? Come on. Oh, that's their gas station. Okay, well you didn't go and get gas unless you got like a few dollars of gas. Just probably some taquito bullshit. Uncle Bell, McDonald's, Sonic, Sonic, McDonald's, Chick-fil-A, Ink Free, some Groupon thing, Cash App, Gak, Grandies, McDonald's, Amazon, Property One Vegas?

53:51Oh, that was from the auction.

53:57Cash App out, Kodo, an out-of-network ATM fee again, and then we took out$104.75. cents mcdonald's mcdonald's anime definitely an anime oh on a network fee and then we would drew 141 dollars 50 cents from the atm who knows where it went chick-fil-a kfc steam games mcdonald's chick-fil-a and our cash app 54 we always barely have any money in our little accounts great cash app i was spending money you're borrowing from cash app and you're paying back you're doing little payday advances yeah sometimes yeah we can't afford to get mcdonald's it's as easy as that if you have to borrow money for a few bucks can't sometimes i do it's i don't gotta go through the hassle of cash out money going out loan repayment there it is again cash up money going out cash that money going out loan repayment cash that money going out cash Cash app money going out.

54:52Cash app money going out. Freddy's.

54:58Oh, and now we have Venmo, where we're doing a chat GPT subscription. Sending some money out. OF again. MuleSoft. Grandies. Chick-fil-A. Photography. Sonic. McDonald's. McDonald's. Arby's. This is insane, dude. This is, like, ridiculous. And we have an Apple Cash account. At least we have, like, a thousand bucks in here. Express. express mcdonald's sonic then our uh and then this checking three dollars and then oh our savings which started with 49 at least we're starting somewhere uh it was so much money went in but so much money went out it didn't really make sense this isn't savings when this is going in and out and if you look at the checking account in more in in more detail a lot of the money that's coming in is just going in from the savings so i do that so i don't have any or less likely to get unsuspected charges so what if i have like a subscription that i forget about or i don't want to pay that way i'm not getting caught off guard as much why'd you be caught off guard in a budget and also why what's the difference between the savings in the checking account that doesn't make sense the way that you're using it because like the well the debit card and plus i guess i mean i would say even though i still i still spend a lot i do it does make me more conscious about how much money is going in and out how much how much of your total spending are you going out to eat uh a lot i'm not i'll probably say probably maybe be like 40 50 okay so you're not at all conscious well i said more conscious i didn't say i was it was at a good level that's a joke that's a joke housing seven hundred dollars or ten percent phone 3.3 percent or 228 transportation 9.8 percent or 685 dollars 67 cents food going out to eat 1 121 dollars and 67 cents or 16 percent unknown shopping these are amazon target things like that where it's impossible to know 19.2 percent or 1 347 dollars and 28 cents medical and health care 1.9 percent subscriptions 0.5 percent misleadings yes this is stopping getting that of getting some taquitos 17 or 1 188 dollars and 78 cents large purchases mostly atm withdrawals we throw in this category for you 1 558 dollars and 50 cents or 22.3 percent insanity insanity yes it was venmos and cash apps out and apple cash and photography uh mule soft mule soft is what i what i'm working with now buddy this they can't see it because the cameras are down but this this this is all like actual insanity this is chaos this is some of the longest it's ever taken to go through financial documents this is crazy this is crazy and you have nothing safe for retirement you have no financial future you change your jobs every second of your life you have a million career paths you have no plan you keep repeating the same mistakes you haven't accepted any of the stuff you're doing as actually being wrong meaning that you're likely to repeat them again in the future if not even worse this is a disaster and really that's all i can say this is a mess and it's up to you to wake up i hope this conversation helps in that regard but it's up to you to wake up because there's nothing i can do if you're not willing to do that part how much you spend on gas on a monthly basis on average on average i'll probably say around probably like 120 car insurance currently currently i pay 148 internet uh no it's included yeah all the all utilities oh yeah all bills paid what's your phone bill again uh crazy something crazy 380 oh my gosh buddy but also well so i guess my part would be 230 of that because my i have my mom and brother that pay their part when you pay off these phones you gotta switch to helium mobile man you gotta i partnered with them specifically for people and lower incomes.

59:38No, in situations where they can't afford. So let me get you set up with that. But this is ridiculous. It's like 20 bucks a month. Come on. It's crazy what you're doing. That's an insane phone bill. Let's get the debt payments. I feel like something else popped up earlier that I'm not adding in that you owe on a monthly basis. We do have the $325 in child support. Something else came up earlier. What's that? To my mom. that's a party debt payments oh is there anything else a recurring that we didn't know I might be missing your debts are crazy though that's a crazy and this is not even having to pay on like your repossessions and collections um it's crazy$1 ,530 42 cents sanity in sanity okay total paper fund$100 this is gonna be interesting doing the girl no it's gonna be a little more than I'm gonna double that to 200 because you know gotta pay for school stuff here and there just random things this is anything else you need to survive when you take the budgeting program you're gonna have a more concrete official budget this is just so we get a path going and figure out what we can do to make sure we actually are successful in the end.

1:00:58Necessary food budget. This is a little harder because, yes, you have a lot of kids, but you only have them on the weekends. I'm going to budget that there are almost like two full-time kids, I think. It might be a good mathematical way to go about it.

1:01:13So I'm going to say food budget$600. Again, you're just going to have to figure that one out a little more. Medical health care. gym gym uh medical health care anything i do gym how much 30 a month anything medical health care medication uh no i all my my personal health care through va and then i have the right subscriptions how much for the business necessities not netflix none of the other just business necessities what can we get away with subscriptions yeah um i think i limited my subscriptions now. I mean, I think I should be okay with like 20 a month. None of that better be unnecessary.

1:02:02For the kids. Mom better be pitching in. Anything else? Anything else? On an ongoing monthly basis that you can think of? That I can think of? Oh, the auctions we have to budget that in the what no what are you talking about what are you talking about that's where i that's how i save a lot of money no what do you mean like um like i got get some household essentials i got like my my truck i got some new tires from now from them and buddy everything else you need to survive goes in the total paper fund you're gonna to budget these extra things around it but i'm afraid this auction thing is you go to the auction okay maybe you need something but you go to the auction you're just getting some you don't need because you can get a good deal you got a good deal on the phone you know all this stuff so i don't think you know it's not you don't need that yes if you need a new tire that is different that goes in that fund but you never know when i'm sorry i'm being proactive about some of the things i get from the auction no no okay no you're not listening you're not listening no you're not listening to anything i'm saying you have not been receptive we almost made a budget where you had a chance to take care of things i someone else someone else is going to be here in a little bit that probably actually wants help and i'm going to focus on them because this is a joke this is sad i'm embarrassed for you and i hope you figure this out yeah i i'm rooting for you and i want you to do well but this is sad the fact that we just kind of had a budget you're like oh i'll throw in this thing that i want i'm done i'm done i'm done make sure to check all the resources linked in the description below they are what i use or would use in specific situations including the best budgeting program in the world but i'm gonna set you up with it i hope you use it but other than that i'm done with this conversation i'm gonna get up and leave because this is really stupid thanks to all of our patreon producers for making this episode possible if you want to participate in an episode of Financial Audit and you're able to make it to Austin, Texas, please fill out an application in the survey linked in the description below.

1:04:16You can also send a link to your friends or family who you think might be good to be on the show. If you have any questions, you can email casting at calebhammer.com.