Loser Thinks He’s Better Than You | Financial Audit

28:43You will not regret this. I'm starting to make some better decisions and I know for example like I bought the car I don't think that was a great idea but I mean I don't mind that I did it but I know now sometimes you need to not spend money to what? to be able to go through the drive-thru you spend money? on a car? to go through it? what did you say? I wanted a car so I bought a car really? yeah of course how much was your car? what was the price of the car? $70 ,000 70 ,000? You make$2 ,200 That's what I'm talking about You have tuition right? Does college cost money? College cost money and you make$2 ,200 a month and you got a$70 ,000 car In what world do you think that is something that isn't even close to make sense?

29:29You're not sucking it up, you're sucking it up You're being a dumbass I had no expenses virtually Well guess what you do now because I have credit cards and apparently When did you get this? I got the car in 22, May 22 Were you making$100 ,000 at that point? Yes, I was. Okay, why do we still have it today? I don't have the car. I wrecked it. Why did you just say? So I bought the car. It was$70 ,000. It was a great car. Tease. And then six months later, I wrecked it. And after that, some of the money spilled over because I also put money into the car because why not? Well, because it's a bad choice would be why not.

30:07Yeah, anyway. So the personal loan covers that. And that's kind of where it snowballed. and that's why I am. Let's look at the finances. What do we got going on here? What is half firing, my dude? Because this is a thick-ass balance. This is a chunky little balance. Some of that's work. That kicks off. It doesn't matter. You're pretty moron than you took off. No, no, no, no. Hold on. No, I need to interject. I'm sorry. And I know I've interrupted decently throughout this episode. It's mostly because I don't like your voice. No, I'm kidding. Kind of. Well, a little jab. Whatever. even if it is business expenses with you keeping a balance on here you're accruing interest is the business paying for the interest then it doesn't matter if it's business or not because you are losing money on it why give your company why cost money for your company so the company thing kicks off the reason why I say that is because I'm reimbursed in a week or so and that balance is the money put on it from work goes away in a week or two $32 one month of interest one month of interest$132 okay I will say I've debated doing a loan for this type of stuff because well that's the problem right now how much do I have on that card on there also it did increase so well what's it at then maybe 7 right now $6 ,300 or$7 ,000 well it's at$64 on here so you're saying it's 7 yeah I spent let's go with the$6 ,429 because that's what's on here okay and the minimum payment I mean this is the crazy part because your income is really bad well I don't do monthly minimum payments I pay a lot of the times it'll be from work so that'll count as a payment well either way I'm saying the minimum you would have to pay is$196 I put more than that yes that is reimbursed towards it but the minimum is still$196 that does not change I will always pay more than the minimum I don't think you understand what I'm saying.

32:04It's not an argument. The minimum monthly payment is$196, whether or not you put more towards it. Yes, I understand that. Yeah. You figured it out. But I'll put more towards it. Go on. Oh, do you? Never heard it. Are you sure? Yes. Want to remind me? Okay. So what? What's this loan? So part of that started with the car, the crashed car. I put money into it, of course. It snowballed. All right. So I ended up spending money. So what you're saying? No. So it got paid out. It got totaled. Okay. I bent the frame and I got reimbursed for it. And then I bought another car right after that from the dealership.

32:38What was the crash? Me being stupid with my car and not being able to control it. And I ran into a pole and then off a four foot ditch. How were you? Fine. Good. Yeah. I got lucky. How fast were you going? Not fast. Like maybe 40. Oh, what was the car? Mustang Mach 1. With a Whipple supercharger on it. Nice ass car. Grabber blue. only crabs blue grabber blue it only comes out every four years or so i bought the eclipse that i currently have right now because it was cheap and it was the same car that i had okay 10 years ago that's okay no it's okay but for some reason i struggle to just listen to this i don't know why is it me is it just me if it is that's okay i'm okay with that i hope it's just me okay four $4 ,732 a purchase on here.

33:32You say a lot of it's work-related. Let's find out. I did go on vacation. Did you? When'd you go? Last August. Went to Banff. Banff? Banff, Canada. B-A-N-F-F. It's a mountain range. The Banff mountain range? Yes. Never heard of this in my life. My brother and I go on vacation every year, once a year. That sounds like something smart. Someone who can't afford to live and has negative money in their checking account. And someone that's overworked at all times. Oh, little guy has a little bit of a job at 25. I'm not going three times a year. I'm going once. Oh, no. He's not going to make it. He's not going to make it.

34:08He's making a little sacrifice at 25. Woo-hoo. Big guy. Tough life. Well, I'm going to be in college for three, four years. You're going to be a negative checking account right now, so I don't give a shit. Maybe you need to work harder, actually. I try. It's one week. I'm gone for one week. I'm smarter than anything. I get paid time off. Because you are working hard, but you're putting too much time into things. And you've said that specifically. I think you need to work smarter. Okay, what is it? B-A - N-F-F. N as in Nancy. Double F. In Alberta? In the Burt Zone? Mm-hmm. Great place. Wait, you're talking about August.

34:45Why don't you give a fuck about that? We're talking about this card right now. Dude. But that's carried. I'm sure that some of it's carried. Okay, what is Sunroof Express? Sorry, say it again? Sunroof Express. Oh, that's... I paid for a customer's vehicle. to get their sunroof and you get that paid back yes it should have been reflected on there that same amount should have been put in towards the towards the money i mean maybe depending i mean yes there was money that was put towards it so if you want to count that for that and then we went out to eat at rudy's and we got vending machine vending machine vending machine vending machine pizza so they're still bull on a card that is not being paid off that interest is accruing that you have lost first of all yeah you got your fees but then you have the 283 000 interest just so far then what's four wp is that another thing for real parts that's okay what's on there right now is pulling from a while ago mainly august that number is stated roughly the same i haven't put a whole lot onto that card recently besides of course some stuff some sodas and pieces or whatever but no why are you but no you're going and getting vending machine like every second of your life yeah and rudy's and pizza what do you mean i'm i'm saying besides that there's nothing big on it recently yeah a lot of small purchases add up to big yeah you want i mean yeah that'll it's just like because it's not one big purchase it's okay so if it's broken down into a small ones it's better than putting a thousand dollars on it every month it's just sure i guess i mean i know it's not great but all i know is that it is a card that you are not paying off that is accruing interest hundreds of dollars a year like that's what i care about is the math in the end and you are preventing yourself from paying off but at this point you need to pay it why haven't you then because i can't i i have too much going out right now like 750 going out to eat yes that's so you can't you can't bullshit you can't okay yes you $500 towards my loan.

36:39A few hundred towards this. We'll find out. All I know is$750 going to fast food. That's what I do know. And that's a reality. That is a fact. And I have to pay gas to go to work. Okay, cool. So we're complaining about all our expenses. Then why is$750 going out to eat? Like I said earlier, it's easy. It's what I do. Well, it's obviously not because this isn't working off and you're not paying down debt. So this isn't easy for you. This isn't easy for your life. It's easy for that little moment of time. but it's not making your life easy not in any way whatsoever not your actual life not the longevity of your life it's something i can prove i'm sure but uh by a substantial amount yeah potato potato no it doesn't need to go down that much i'm aware of but in the meantime with school with work with everything it's something that will happen but if i can work on it with meal prepping and just kind of figuring out how to cook myself and that'll be better.

37:35I'm not saying it's going to go away. Yes, that's what I'm saying. It will happen. It will get better. That is one thing I plan to get better on. I have to because, I mean, yes, that's a parasite. $7.50 a month is not going to work long term. So this SoFi thing, is this the personal loan you're talking about? It should be around$13.50 right now. Yeah, I'm seeing$13.852, which is what we're going to put down. Because the other one we did a little less. it's reflected whatever's in the statement okay and then I had to pay for tuition so that showed up that might be on that statement I can't remember no you're not using a self-in personal loan for tuition not the personal loan no that was a credit card but it will be paid off with what the f*** are you talking about guy what do you mean tuition then what are you saying I had to pay tuition last week but you're saying you're not putting on this I put it on the card I'm talking about the self-in personal loan okay what are you talking about you're everywhere why aren't you talking about the thing we're literally talking about in the moment let's do that then so we're on the first yeah let's do that what any normal human would oh yeah dude you don't like don't lose me when it comes to finances you already know i'm a big fan of planning ahead setting budgets getting out of debt and making sure you got a plan for the future let me ask you this you plan for your groceries your bills even your morning coffee So why aren't you planning for your family's future if something unexpected happens to you?

39:00That's where today's sponsor, Fabric by Gerber Life, comes in. They make it as simple as it can be to apply for term life insurance to make sure those who depend on you are protected. With Fabric, you can apply online right from your couch or on your bed or wherever you like to lounge. No awkward meetings in bare conference rooms with bad lighting and endless piles of paperwork. Right from your own home and in as little as 10 minutes, you can have instant coverage with no health exam needed. Here's the thing. If you've got kids or loved ones who depend on you, locking in life insurance now is one of the smartest financial decisions you can make, especially if you're young and healthy.

39:35That's when you get the best rates. Being proactive now can make a world of a difference for the future. And even if you have life insurance through work, it probably won't cover everything your family might need. And if you change jobs, that policy won't follow you. With Fabric, you can have a little more peace of mind knowing that you're covered no matter what happens. Fabric offers policies for up to$1 million in coverage for less than a dollar a day. Plus, they've got other tools like free digital wills, college saving funds, and kids' investment accounts. It's all online, all in one convenient place, so you can manage all your family's financial planning with Fabric in one place.

40:08And it's all right from your phone. Easy. And Fabric's got the receipts to prove they're trusted. 1 ,900 plus 5-star reviews on Trustpilot with an excellent rating. And an A-plus rating with the Better Business Bureau. Seriously, these guys are legit. So here's your next financial to do. Stop putting off life insurance. Apply today at meetfabric.com slash Caleb or click the link in the description below. That is meetfabric.com slash Caleb. M-E-E-T fabric.com slash Caleb. Check out fabric today. How do we put this all together? It's a 15 % interest. So again, the personal loan. Again, your stories have been one difficult to listen to.

40:48So maybe that's my fault, but a little more all over the place as well with just the things you're talking about. Now I don't know what's attached to what. What was the personal loan for? It started with the car and excess money from the other cars. Okay. So it's all car. Primarily. And there's some snowball in there, I'm sure. But primarily it's the cars. So your personal car that you have now is on here too. Correct. Okay. It is relatively cheap and it's not quite a car payment, but I know the interest on it is high. and that is one thing I want to pay off that's why I always pay more than the minimum payment well that car is worth about$7 ,000 that's pretty low and I do pay more than the minimum towards the loan so I'm not eating as much interest as I would otherwise we're going to have to math this out in the end because again you're saying you're putting more towards the loan but again even when subtracting what you put towards work even subtracting what you the other people's rent you still spent like$1 ,500 more than came in so this doesn't make sense what you were saying makes no sense this is not adding up dude this is not adding up and you're not a reliable narrator here so again yeah yes you put okay so you put a little more towards a yes and 13 ,852 is what owed on it but it's a 14.68 interest rate again even if i like open up my brokerage and i'm like okay let me invest i'm getting 10 on average with the s &p 500 you're getting obliterated on here.

42:12This is a horrible person. That is something that needs to be paid off. I am paying it off. I've been paying it off. But it's there. I can't just drop$13 ,500 on it and I'll have$13 ,500. No, I'm not saying that. I'm not saying that necessarily. But again, would we put$750 towards fast food when that could go towards us? Yeah, that's something I should improve on. I understand what I'm nagging about. Yes, but I'm just saying that money is going to be going out for a while. That's just how it is. And yes, I need to get the fast food money. I'm confused. What do you mean? Go quicker. Why not choose quicker when you obviously have that choice?

42:49Quicker in what aspect? Instead of the money going to McDonald's. I've only said that like five times, so I'm a little confused how you had to ask for me to say it the sixth time. I'm trying to spend less for fast food. Okay, you're not. You're not. You're saying. That's a try. It is a future. I'm trying to get better. No, no, no. You're not trying. You're saying you will try. Sure. I'm trying. I'm asking why you haven't, if you obviously care about this. I made my own food this week. I'll say that much. I'm trying to get better at that. I'm not saying I'm going to not eat out at all because it's a habit, but I am trying to improve on that.

43:25But it's, I mean, I'm not going to just learn how to cook every single thing right away. No meal prep will help, but I still have to learn. And so that means I'll still be eating out some, but not as much. I won't. 700 is crazy. I know that much. Yes. That's what I'm saying. It sounds like all of a sudden you're agreeing with me. Listen, I'm not saying that. You're saying you're trying. You're not. You might try a little. I mean, listen, you started this week. It's Monday. Come on. Like, come on. What are we doing? Or it's Tuesday. I'm trying. I am trying. You will try potentially, and I hope you do.

43:59I am and will continue to try. Okay. I am reducing that number. But a couple of days does not count. You don't go from zero to 100. it's obviously yes but i'm not going over here and shaking your head and giving you an award for i understand but i'm trying that's something what matters is whether or not that's sustained that's all that matters these federal student loans unsubsidized one's up sub unsubsidized and one subsidy so it's just these two the two student loans yes

44:35oh man we're nearing that 7 % interest rate on these better than 15 yes it's better than 15 congratulations you need validation on that too it doesn't mean it's good at this rate you always try to make it sound like it has to be good or something it's like you're obsessed with that a little bit but that doesn't mean it is okay well the debt had to be accrued i have to pay for college that's how it is well maybe i don't know your entire financial situation again i'll bring it out for the seventh time uh maybe you didn't have to take out as much if 750 didn't go to fast food so don't say that i had to well i didn't have the cash to pay for it so i got the loans to pay for it and yes now why did you not have the cash because i have a parasitic draw on my account with the the fast food so don't say you couldn't at the time i could not have yeah based on your actions but not mathematically mathematically automatically sure that's all that matters it's why do i give a shit about the other way i'm not sitting here and saying you were correct for the going out to eat so why would i support that i'm not saying you have to support i'm just saying that's part of the reason why but if you don't acknowledge that that's completely within your control then you're never going to change that for the future at that time i paid for it how i could and i plan to pay off the student loan but one of them does not accrue interest until i'm out of college the other one has a six percent rate.

45:57It's better than the 15. It's 6.755. Better than 15 and it's better than whatever I'm getting on my credit card. So because something's bad but better than something else that's worse, it's okay? I don't get that. I will never understand that. Then why are you talking about it like that? It wasn't necessary. It wasn't necessary. I've got to pay for it somehow and I don't have the cash to pay for it. It didn't have to be this big. Oh my gosh. Do you not understand? Where are we disconnected in this? Where are we disconnected in this? I'm so confused. what you are saying is literal fact but you're almost saying it by saying that it's okay i need you to realize it is not okay yes it is fact it is not okay i'm not saying it's okay then why are you saying it because it's sometimes a necessary evil doesn't mean it's right but it wasn't a necessary evil it wasn't a necessary evil at the time it was no it was not it happened because your behavior it was not necessary so do not i cannot allow you to think that because if you think that your future is going to be because you allow that to be necessary in the future i paid for it i've got to pay it off now that's how it is well yes no congratulations what oh okay obviously i've made bad decisions with my finances but the only thing i can do now is make better decisions and pay off my debt right now that's where i'm stuck well i know i'm not disagreeing with that every time you are pushed back on an opinion you just come out and you just say like a fact that is supposed to make you like sound good like yes congratulations i'm glad you have that mindset but i can't have you have the mindset of past was okay and was a justifiable reason it wasn't it happened period i understand it's not necessarily justifiable but it happened no if i focus on the past and why i made all the bad decisions i'm just gonna make things worse no but if i no no no if i acknowledge what i did and that it happened and how i have to correct you just said if i if i think about the past and why i did what i did that'll be bad no if you If you don't think about why you did being bad, then you'll just do it again.

47:55I'm sorry. I didn't mean it that way. It's the row the boat mantra. PJ Fleck, row the boat. The reason you're rowing the boat to the future, but you're still looking back. And so you're learning from the mistakes in the past so that your future is better. I'm not saying focus on the back and forth. Like, oh, no. Oh, me. Oh, me. But if I get stuck on the fact that I did it and getting mad at myself for the fact that I did it. I'm not suggesting that. I know. I'm not suggesting. I'm trying to correct you, your mindset on it, because you were trying to say it was a justifiable reason. It wasn't. I'm not saying go and beat yourself up.

48:24Don't put words in my mouth or assumptions, dude. I think I'm being very clear in what I'm trying to communicate. I need to build better habits. You're doing it again. You're doing it again. You are pushing off in a reasonable point by saying I need to do better. No, that you just define the entire conversation. That's an unnecessary statement. I know that. We all know that. But that is what everybody knows. Okay, then help me fix it. Show me how to fix this. But the first step of fixing that is not defending that it was a necessary evil. Because it wasn't a necessary evil. Fine. All of my actions so far have been awful.

49:01And I need to build on that. Do you actually believe that? Kind of. I know I've been making stupid decisions. The car shouldn't have been bought. I shouldn't have done half the shit I did. I don't like your responses, man. It's different. I feel like there could be a more mature way to look at this. That's possibly true, but that's who I am. I am who I am. I make decisions because of who I am, and now I need to deal with my actions because of who I am. You just did it again. Okay, let's just keep on going then. Is that how you talk? Yeah. You use it as a get-out-of-jail-free card for everything you do?

49:39I'm not intentionally trying to beat a dick. The statement like that is like, yeah, it's a good announcement, But, again, you weren't willing to actually – whatever. I'm not going to beat it over the head. I'm not going to beat it over the head. Okay, this Apple card. What's up with this card? That card is used for random purchases that just pop up. Like I budget my money until I have a certain amount set to spend for bills and a certain amount to spend on food and whatever. I don't know about bills. I see Dick's Sporting Guest. I see SodaStream. I see Uber Eats. I see Uber Eats. I see some golf thing.

50:11I see Mod Pizza, Chick-fil-A, Rudy's. Bills? What bills are we talking about? I see golf. I see going and getting some bulls**t. I see smart drinks and mod pizza. I also see Panda Express and Panda Express and smart drinks and an Apple bill and a Panda Express and Netflix and Spotify. Hmm, interesting. That's for excess. Oh, excess because we have so much access. I don't budget enough. You don't budget. Do you budget? So I budget, but I don't. If you budget, how did you spend? I'm spending more than I'm budgeting. That's where my problem lies. Well, I paid off the card. Yes, but you're still spending on it.

50:50Meaning anytime. I'm good. Listen, I feel like you're taking this a different way. Again, I'm not saying you are bad for paying off the card. Good. You have to continue to pay off the card. But in order to pay off continuing the card that you're purchasing on, that means you're still spending the money by paying off the card of all the swipes you're doing. So it's still more money than you have to spend. Well, most of those purchases are food. And I intend to get rid of those. which means that there won't be any balance on that card.

51:19I won't be spending money on, I'll try not to spend money on fast food as much as I did. And I'll try and eliminate it because one, it's not good for my health. Two, it's not good for my money. Your actions are this. I can't just allow you to say, I will not do that. You are doing that. If it was different and you weren't doing it on this card, I would believe you and I'd be okay with it. Two days of doing something just because you're going to come on the show does not count listen dude you are doing this so you telling me you're not going to means nothing because this is what you have been doing it's just like i said excess from not budging enough so your budging is confusing you say you budget but you don't do the actual act of budgeting i feel like you made a spreadsheet once like more or less like you're you're not budgeting if you spend a thousand five hundred dollars more than you make on a monthly basis i'm sure that number is partially incorrect i don't spend more than what i make i don't go oh okay i do but not that much well i mean the numbers are the numbers are the numbers like we had it it it was the spreadsheet literally like it's like your math it's your numbers part of it is also just from making when i made 100k that's when i that's my lifestyle that i i had i got used to that now you're just completely missing the point you had before more or less it's so you lied not necessarily what are you doing guy i feel like every time every time something comes out of your mouth you're just trying to sound good you're just trying to sound good but then it's incorrect and i have to call you out on it but it's hard for me to always call you out on things especially when you say something that is like um something kind of good where it's like yeah i need to change it like yes that is actually kind of what i want you to say but i know based on everything you're just saying what sounds good you're just saying what makes you look good but that's not actually addressing your root causes and i would rather you join the average guest that pays off you know ten thousand five hundred dollars in 11 months or the median ten thousand ten thousand i rather you do that but the people who do that they acknowledge their issues they acknowledge where their flaws are and they actually accept the change of they shouldn't have done that instead of justifying the past and instead of just trying to say things that make them look good they actually work and actually put the improvements in instead of being all talk but you're just being little talk guy all right it's like you're in circles over like why did you just say that thing that That was objectively untrue.

53:33And then you completely diminished it immediately and said something completely different. I don't understand it. I really don't. Because how is that productive? It's not very. That's obviously where I need to fix things. And I know you, I know, but I can't not acknowledge it. No, you can't. But you just say the thing that makes you look good. It's just like, I'm not trying to make myself look good, but that's the point. You do the lie. You get called down. You're like, oh, I'm right. Move on. Like, what are we doing? I don't like confrontation. I don't like disagreeing with people. Interesting show to sign up for.

54:08Fair enough. But it's, I mean, something had to change, obviously. What will actually be different this time? Not the I'm going to do it. What is actually different in your life going forward from here? Not the I'm going to do it. I don't want to hear any more of that. What is actually different? I mean, so far, not a whole lot because. Why would it be different? Can you give me a why? in my life things would be different by spending less money not by i'm asking the why because there is no action without the why give me the why why would things be different why to change yes because obviously i'm accruing more debt than i can take care of and i why does that matter there has to be a why man you're not giving a good why which gives me no encouragement of getting out of this well i don't want to be in debt my whole life and i want to buy a car that i like okay i now I have a car and it's nice.

54:59It's okay. So that's one of our big goals is a car. So a lot of... And I want to move. I want to get out of Texas. I want to move up north somewhere nice, but I can't... Here we go. These are some ones. I can't keep on renting because that's just throwing my money away. Kind of. It's not as good as buying a home and being able to put money towards my equity. It depends on the situation. Right now, mathematically, renting makes more sense, especially in Austin. Okay. I'll concede to that. but at the same point i do need to get out of here okay there's some decent there's a decent why to move and to get the car you want um okay okay i can work with that okay a why is not because i'm going to change that's not a why i need you to focus on these things i want you to set the goal then i need you to really think what does it take what boxes do we have to check off to get there and really start hitting to those because if you are just aimless in this or you're just trying to get out of confrontation, you're just trying to do what makes you look good or say what makes you look good, you're not going to actually get to the end why that you're trying to get to.

56:01Okay. Yeah. Okay. I mean, a few other resources we can get you connected with that we've partnered with. We'll get you on the Fizz card. It's a debit card that builds credit. So you're not actually overspending what's in your account because there's literally negative in your account. Again, sit down with the therapist, maybe a tech certification through course careers. As you're getting in that field, it'll just give you that extra boost. So we can get you a free one of those you have to go through the education obviously but okay yeah all right amazon we got an amazon card okay so what's going on with this because you didn't fully paid off even though you're relatively close and then you just put the balance right back on like what was the point we were at 298 then you paid 150 like actually good job then you put 123 on it and then you allowed it to create interest so like what are we doing here it's kind of indicative of your behavior and how you have just gone throughout this entire process of financial silliness.

56:51Some of the money from the Amazon card has been for purchases for Christmas, for presents. And then some of it was pants. Yeah, but why on here was my question. Like even to spending what I have recommended and not necessarily, but regardless, why did you put it on here? A card that is not being fully paid off, but was close. And you were so close. And now it's accruing interest. It has the points on it. And then also I can't put on the debit card at the time. Okay. Then we can't afford it. Then it simply becomes... But it's unnecessary. Christmas presents are not unnecessary. That's a little different.

57:29Okay. Tell me about the pants situation. Well, I only have three pairs right now. Oh, good. Then you got three pairs. But I don't do laundry every... I'm not going to do every two times a week. Sounds like maybe you should do laundry two times a week. We audit finances all the time on the show. but when's the last time you did a little life audit? Think about it. If your mental health is a mess, everything else falls apart. Your relationships, your work, and yep, even your finances. Stress leads to taquito level purchases. Burnout leads to missed opportunities. And anxiety, that'll have you avoiding bills like they don't even exist.

58:03But here's the good news. Today's sponsor, Sondermine, makes doing a mental health audit simple. They connect you with licensed therapists and psychiatrists tailored to your needs. And you want even more control? You can browse the directory to find the right fit. With in-person or online options, plus their app full of self-care tools, you've got your own personal mental health team at your fingertips. And here's the kicker. Soundermine works with most major insurance companies, so you won't drain your budget to invest in yourself. They're in 48 states and Washington, D.C., meaning they're practically everywhere and just a few clicks away.

58:38It's time to prioritize your mental health just like you do your finances. Go to pages.sondermine.com slash Caleb or click the link below to get started today. Trust me, getting your mental health in check is one of the smartest investments you can make. That's pages.sondermine.com slash Caleb or head to the link in the description below to check out Sondermine and make mental health a priority in 2025. Also, they get dirty because of work. I'm at a car dealership. It's going to get dirty. So you're doing laundry three times a week. Or I can just buy one more pair of pants. You didn't have the money to.

59:08It was as easy as that. points that's not equating anything on this amazon card i know you're getting five percent it's a good card regardless if you're getting five percent with the interest that is occurring on this you're completely losing it so it doesn't your points your points you're not getting them they don't work in the way you're making them work oh this works dude it takes eight months to pay off just the minimum monthly payment and it's only a two or four forty it's like not even crazy. $29 minimum fee payment. I was going to say, I don't do minimum payments. I know you don't. Oh, how many times?

59:44That's not the point. It doesn't, you know, it doesn't matter, right? I would like to, may I whiteboard this? Perhaps, perhaps I feel like you might be, maybe it'll help you understand because you're saying that like it's a bragging thing. Like you're trying to get me over there and give you some sloppy top, no sloppy top to you. You don't deserve it because I need to show you how this works with your little Okay?

1:00:10Okay. I'll turn it around. Think of this.

1:00:36here's your income spelled like C-U-M isn't that funny here's your little payments here's this isn't proportional but here's your minimum okay here's your little extra you're putting towards it okay because you're putting a decent chunk over here to cover this from your income right right because he's a big guy he pays more than his minimum monthlies and then you immediately come and spend this much on the credit cards if you are putting extra to your credit cards and in order to do that you drain down the income and do not have the money in your checking account to pay for things and immediately rack up the credit cards again It doesn't matter if you put more to the credit card because you build it way back up again.

1:01:37Math. You're in the math classes. You're in the math zone. You're zucking it up, okay? You know how this works. Stop being a dumb little tit. Don't jerk yourself off anymore that you put more towards it. You put more towards this 150? well done he did it but then you put 128 towards like back on it so it doesn't matter never say again in a conversation with anyone about money that you put more towards it because it doesn't matter you build it all the way back up again every time on every card we've seen so never say it again you are not earning a prize with it let me see your amazon account thank you mouthwash good highly recommend good job

1:02:34battery packs mike i have a career fair in a few days i'm gonna record the sessions instead of trying to write notes down there's his pants silver chain trying to be a cool guy No, I'm wearing a cross, but my chain broke. To your protection. You got like a warranty? Zoom lens? I don't think we're doing a hobby of photography right now. I'm sorry. It was cheap. Cheap doesn't matter. You don't have the money. Look what you just did. Stop trying to. Just don't. Stop. Stop. Seriously. A million dollar bill desktop collectible. You are trying to fucking survive. Shut the fuck up, president or not. I don't care.

1:03:11National State Parks Google Images. listen you get it when you're out of debt i want you to get these things i really do you just don't get her and i'm glad you got a lunchbox that's a step in the right direction shampoo and stuff i'm okay with that did you need the headphones probably not present presence i'm gonna look at your subscriptions also

1:03:37no case no problem yeah it's heavy yeah 13's pretty high it's paid off that's better be this is risky do you have apple care yes you better be but you can't afford another subscription regardless i think for people like you no offense you're in debt you're dying negative in your checking account trying to figure out how to pay the bills won't work anymore than he already does get a case luminosity golf swing multiple apple cares you pay for weather channel premium it's ten dollars you don't have ten dollars and it's the action it's not the purchase specifically. Look how many purchases are justifying across the board.

1:04:14Total AV monthly subscription. So you have a lot of subscriptions. I'd cancel a lot of them. Did you start a screen recording? Not that I'm aware. I said start a screen recording. I didn't hear you. I was looking. Oh, sorry, guys. It wasn't on screen because guys not listening. I can put it on screen. It's already done. Sorry. They're asking if you have weak wrists. I don't know for why. I may have missed something. weak wrists. Now me, because I said the phone was heavier than the current generations maybe. You can feel that difference? Couldn't lift his phone. I couldn't? Alright, what's going on?

1:04:54Okay, negative$9.14.

1:05:01You can't justify literally anything you've done this entire conversation. Not even the stupid little$10 purchase because it's not behavior at that point. That is just an actual purchase I would call out because you are negative in your checking account. The moment you're negative in your checking account, those don't exist. It is as simple as that. No more collectibles. No more dum-dum. No more stupid stupid. It's stupid. Okay? My thing is, I'm not saying I should. Some things need to go to personal life. I have that much. I agree to that. Not until you're overdrafting. Once you're overdrafting, it doesn't matter.

1:05:33You're in fire mode. I have not accrued an overcharge fee in at least a year. Look how close. At least a year. I haven't. How about I haven't? Huh? You like that? Jerk me off now. Now I'm saying it to get awards. I don't give a shit. You haven't in a year. Good job. Look how close you are. You're going to do it again. It's just a matter of time. You're skating by by this much. This much. I understand that I need to put more money. but how much would I be able to put towards myself? I don't know yet, but all I'm saying, if you're negative, you're checking account zero. Cause at that point you're in emergency mode, emergency mode.

1:06:20It's not a question at that point. Well, the way I work things currently as I have money coming in weekly and a bill weekly. So it always gets close to zero because I am getting close to what I've put away. So it's not like I'm negative. Nine dollars, 14 cents. Is that zero? No. Oh, that's interesting. shut the f*** up then canteen, canteen, McDonald's another Apple bill, canteen, canteen McDonald's, Rudy's, barbecue soda stream, what the f*** is all this soda stream it's like every second of your life it's 48 bucks, I know what it is but why is it so much, no but I saw it on the credit cards too, it's for the CO2, it's 40 bucks a month, how much f***ing CO2 are you f***ing shoving up your I do like two bottles a month I saw three charges when you return oh there's also drinks i bought the drinks themselves apple cash sent out rudy's barbecue chick-fil-a mcdonald's hat creek burger amazon subway rudy's barbecue canteen canteen in reach mcdonald's tacos in reach you're talking about having a little bit of personal spending this is once a day shut the f**k up you don't know what you're talking about apple bill double dave's rudy's country store barbecue rudy's country store barbecue.

1:07:32Amazon, Microsoft, Double Dave's. Canteen vending, canteen vending, Rudy's barbecue, canteen vending. Hello, bros. Not even that good. Rudy's Country Store barbecue, Rudy's Country Store barbecue, Apple Cash sent out. Canteen vending, canteen vending, Duchess. Apple Cash sent out. My Pizza, Chick-fil-A, Chick-fil-A, Dairy Queen, Rudy's Country store cash app double dave's rudy's cash app cash app sound out what is all this cash app dude rent that's how it comes in nine dollars cash app and apple cash what is this apple cash nine dollars i have no clue i don't know what a nine dollar charge on apple cash is from a month ago whatever i don't i don't know yeah you ended negative so stop being a dick you little You ended negative.

1:08:24You should know. Because, guess what? You wouldn't be negative if you didn't have it. F*** you. Child. Apple bill. Stopped at a gas station, got some bull****. Mod's Pizza. Stopped at a gas station, got some bull****. Torchies. InReach. Spotify. Guys, I know for a fact that I don't spend more than I make negative in this checking account. Shut the f*** up. And other Spotify. You have Spotify on two different things. Spotify here and on a credit card. You're out of control. You have no idea what the f*** is happening. You are a literal baby. InReach. Chevron. You stopped in and got some bulls***.

1:08:58And an Apple bill. Why is there$500 in savings if we're negative in there? I'm so confused. You actually put more in. You put$800, but then you had to take out money. So I saw Dave Ramsey things saying you should put$1 ,000 in savings. It's a good start. I can't justify myself having that money in there when I have the debt. And then recently I had to do... You know you'd have the money in there if you weren't. Rudy's Country Store and Betty Machine every single day. At this current moment, I needed the money, and so I spent the money on dental work. No. I'm saying the money that I put in, I used for dental work because I had to pay it off.

1:09:31How much was the dental work? $800. That's curious. How much did you spend going out to eat? $800-ish. Huh. Needed the money. Yeah, maybe we find it from other sources and not an emergency fund. $3 ,000 in Robin Hood. Okay, so. Can I see your Robin Hood? I want to see what you're invested in. Well, nothing. Well, I have a little bit in crypto. $3 ,000? My friend told me to invest in this thing. Whoa, whoa, whoa. It's$200. That's crypto, yeah. So I made... That's F***ing Shib, Pepe, and Doge. Oh, my f***ing heart, kid. Oh, f***ing. If they go... Okay, my thing with stocks is... Your thing with stocks?

1:10:15Yeah, let me hear this. okay well first we'll start with the the money in so i put like five in towards this one stock that was supposed to go off crazy it was supposed to it was it was scheduled to guys it was scheduled it was ready it was like we clocked it in every six months it went up a hundredfold that's not a schedule that go on for the past three years every six months that had gone up so i invested and about the three years before that it wasn't available then okay so it's relatively new so i I put the money in and of course it tanked because that's my luck. Not luck because you made a stupid investment.

1:10:49And then it went back up and I made my money back. And some. I left a little bit in there for crypto just in case it happens to be Bitcoin 2.0 and I get to be a millionaire for free. It's$100. I don't care about that. Why did it go down from$3 ,300 to$200? I cashed out and put it towards... So from the stock when? Yeah, I cashed out that and put it towards one of the cards. so you didn't actually pay off like the card from behavior based things you got lucky on a bet oh my it all makes so much more sense of course not you haven't made any progress really you got lucky once oh you oh there went my hope there went my hope i was like oh you paid off the apple card okay we can do something here at the end but the apple card was separate i already put the money towards the other how much was the apple card uh the last payment i'd have to look i think it was like 500 or I paid it off because I'd been able to be working more.

1:11:47But you spent multi-hundreds on there, didn't you? Again, your payoff doesn't matter if the money goes back on. What about net? Net a hundred, maybe? You keep trying to, like, really get pants on the back for that. But you don't get them when you put it back on. Dude. Kidding me? Remind me your rent again, your portion. $340. And utilities? I don't pay utilities. Internet? I don't pay towards that. What a joke. There's no reason for this, man. We'll figure out the school costs in a second. Obviously, no minimum payments on the student loans. Okay, so$436 for your debt payments.

1:12:33Gas, room, room, drive, drive, monthly basis? $50 a week. So times$400. $200. Is that how it works? car insurance how much 187 300 hours of groceries use the cookbook that you get for free when you use our simpler budget app enjoying premium with all the classes and stuff it's 300 a month what what the 300 you're allotting for grocery spending yeah okay what you can do just actually meal prep tp fun hundred anything else you need that's your toothpaste that's your dildos whatever you use whatever gets you there man Pet insurance, do you have any pets? No. Okay. Good. I hate pets. You hate pets?

1:13:15I hate hair. It gets everywhere. No, you look like someone who'd eat them. Okay. Well, yeah. Got a little dommer in you. Medical, healthcare, anything on a monthly basis? Not currently for healthcare. I'm on my parents. Yeah, but like prescriptions or anything? Therapy? Prescriptions, 100 a month, maybe. I haven't had to get any recently so I don't know so it will be coming up? yes I do need to get a refill soon ok we'll put 100 in feels a bit high what is it? well I have multiple I have one for sleeping and one for if it's multiple that makes more sense depending especially on your parents plan also one thing that reminded me of is I had another some of the spending on that card was from a an esophageal sapphire an esophageal enlargement twice because I basically choke on every meal I have don't do that do you take something for that?

1:14:22I do now I'm sorry that must be horrible I would feel like I'm about to choke every single time is it a mental thing or is it physical? no it's physical I have eosinophils there's too many in my throat So this is the thing that's prescribable. Well, obviously. Yes. Okay. The treatment is enlargement, which kind of takes, kind of doesn't. And then something to combat the autoimmune disorder of the eosinophils. How long have you been taking it? Six months, a year now. I hope it gets better, man. Is there more they're able to do? Well, there's the enlargement is the surgery, so to speak. And I can do more of those, but it's expensive.

1:14:59Oh, so you've done them before. I've done two. And it helps for a bit? I mean, it's better than what it was. I haven't had it feel like I'm going to die recently. As long as we're avoiding that, right? I feel like that's the big thing. No death. What's the point of all the work we're about to do? Well, that you're about to do. No choking on No choking on So yeah, that's some of the medical bills too that accrued on my card. Anything else on a monthly basis that needs to be in here? I think that's about it. Cool, congratulations. You have leftover money. I'm not surprised. I already told you. you have$536.87.

1:15:36I'll give you$100 towards fun because you just absolutely need that. You won't sacrifice. I'd rather get you there even if it takes a little longer. Though, you know, the intent, if you could really show the intent by going all in. But whatever. It is what it is. What's your... I know it's going to change once you transfer to full-time to UT or A &M, but what's your tuition right now? I paid$1 ,500 for... everything you could have cash flowed that fuck you could have cash flowed that now what you said earlier sorry was even 2300 you could have been pretty damn close especially since you work more during breaks because you only do fall and spring right yeah well i'll do summer as well hopefully oh that's a little less right yeah okay i think you could have cashed it would have been close you may have had to borrow a little but i think you would have got really close so what you said earlier incorrect man but now we're in a situation where i'd rather you borrow those loans and have this extra money go towards paying off things like the sapphire the so fire the amazon amazon obviously we take care of in a month it's not even a question okay but the so fire that let's take care of the sapphire next no just minimum payments on all this and everything else towards what we're focusing on and we do the amazon first sapphire we kill in about i'd say about a year which is okay you're in school oh yeah you got yourself in the hole man work more i know you can and if you bring in a couple hundred extra bucks you get that down to you know like seven months or so like you can make this go quicker um and at that point with what's left over i'm gonna say the sofa is probably gonna be about a year and a half after that but two and a half years while still in school that's actually not horrendous to get out of the mess and then you got to focus on paying down the student loans already financing to them to a lower rate if you can afterwards but you lose some of the protections that we'll talk about it then but either way they're not at a great rate but I'd rather you borrow at that rate and pay off the bad loans.

1:17:32One thing with UT is saving grace is it's free if I get in. Well, there you go. I have to get in, but it would be free. Please do. Work your ass off, and you already are. We've allotted the hours to it. If you can work an extra five hours a week, man, seriously, and like, what is it? 25 is what you make an hour? 20? Okay, 25. That's an extra 500 bucks a month. So let's just say like 350. 50 uh yeah you're you're almost be you almost be doubling what goes towards it instead of two and a half years like i think you could bring this down to like a year and a quarter man come on a year and a quarter then you save up a fully funded emergency fund by the time you graduate college you're off to the races you have an incredible life it just takes a little bit of sacrifice now and i'm even giving you a hundred dollars of fun don't this up don't be so defensive don't look for the pats on the back don't try to get out of negative confrontations time to have that confrontation with yourself internally and actually work on this shit get to the goal you want to get to the things you named are okay like a nice car shirt whatever if that's what you want fine you know we got to get to some things before that like some investment goals and stuff sure but you know the house and moving i'm i'm good with all that let's do that and this is the first path towards there so please follow this please take the classes the budgeting class the debt class the investing class please use the resources that we give you please use the simpler budget app.

1:18:50Come on, man. We are giving you everything, everything in our power to make sure you can get there. Be like the average guest. Be like the median guest. You can do it. Spending in a budget. You overspend. So you're out of 10. Debt, not the worst of the worst of the worst in terms of the numbers. Not fantastic either, but two out of 10 because it is still bad. High interest, even your student loans subsidize even. Bad interest. Merchancy fund. I'll give you a one and be generous because you're not even a tenth of the way to a fully funded emergency fund retirement I'll give you one to be beyond generous with the doge I have invested in a 401k oh how much you have I have 32 and one 3200 and a Roth and 900 and a traditional 401 that's another thing I don't know let me do some math oh sorry go ahead actually go ahead I was gonna say I don't know how much I should put towards that because Because I know with...

1:19:49Right now, nothing. Well, are you going to match? No. Then nothing right now. Nothing right now. Works not good. Nothing right now until you get to what we defined and then all that debt, really, because it's all bad debt in terms of interest rate, and then a fully funded emergency fund.

1:20:05So you had how much in retirement again exactly? It would be approximately$4 ,100. $4 ,100. Okay. Combined. We need you to be to a minimum if you're at the same income level of 30, 26 ,000. So I'm going to give you a three out of 10 retirement wise. Real estate is zero out of 10 for now. But if we get to those goals, you'll get there. You'll get there. Don't be defensive and petty on the back end, silly little guy. Round it up. Hammer financial score 1.5 out of 10. Make sure to join us in the post show, guys. It's an extra 20 minutes every episode, plus a call-in show and a lot of other things live streams.

1:20:41Join Elite for the best value. Make sure you check out our education. It's all bundled together for 15 % off and our new simpler budget app. There's so much out there. It's all great. We'll see you in the next one. Once a year we go on vacation, me and my brother. Oh, good f*** me. Good f*** me. What the f***? There's a trip that you don't know about. Where are you going this year? Austria. Austria? You think you're going to Austria? You think there's even a chance for you to go to Austria? F*** your Austrian Alps. You don't get Austrian Alps at all. Remember the strategy we just talked about that didn't pay for the vacation?

1:21:10PTO. August. Oh, for f***ing me. To watch the Financial Audit post show, click the join button below.