Most Insane Person EVER | Financial Audit - Financial Audit: Summary & Transcript

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Financial Audit Podcast Episode Summary

Episode Title

Most Insane Person EVER | Financial Audit

Podcast Description

This episode features a financial audit of a guest's personal finances, addressing struggles with budgeting, debt, and financial management.

Key Guest Information

Name: Casey
Age: 34
Location: Georgetown, Texas
Occupation: Private pay caregiver

Episode Overview

The podcast features an in-depth analysis of Casey’s financial situation, which includes issues of overspending, debt management, lack of budgeting, and future aspirations in nursing. The dialogue critically examines Casey's choices and challenges while providing insights into better financial practices.

Main Topics Discussed

Income and Employment:
Casey currently works 60-65 hours a week as a caregiver at an hourly rate of $19.
Total earnings for the last month reported at $5,909.

Monthly Expenses and Budgeting:
Total spending exceeded income, reported at $6,715.
Lack of a formal budget; Casey pays bills as they come due without tracking expenses.
Overspending on dining out, with significant funds allocated to fast food and convenience foods.

Debt and Financial Obligations:
Casey has multiple debts, including:
Student loans not being paid and accumulating interest.
Car loan on a vehicle purchased at an inflated price with a high-interest rate.
Multiple collections totaling thousands in outstanding debts, including medical bills and credit cards.
Casey feels no moral obligation to repay some debts due to not having completed the education related to the loans.

Future Aspirations:
Casey aspires to become a nurse and potentially a nurse practitioner, aiming to use caregiving as a pathway to this goal.

Personal Challenges:
Discussion on Casey’s diabetes and health-related expenses.
Family responsibilities contributing to financial strain and driving habits.

Key Takeaways

Financial Awareness: Casey lacks awareness of current income, expenses, and the full scope of financial obligations, leading to ongoing debt accumulation.
Lifestyle Adjustments: The podcast emphasizes the need to adapt spending habits, especially concerning dining out and unnecessary expenses, to align with income levels.
Importance of Budgeting: The conversation highlights the critical need for Casey to create and stick to a budget to regain control over finances.
Long-Term Financial Planning: Discussion on the necessity of establishing an emergency fund and retirement savings as long-term goals.

Host Insights

The host challenges Casey’s spending habits and mindset, urging the need for accountability and a proactive approach to managing debts.
Emphasizes the concept of prioritizing needs over wants and the importance of making sacrifices to improve financial stability.

Conclusion

The episode serves as a wake-up call for individuals struggling with similar financial issues, stressing the importance of budgeting, financial literacy, and taking responsibility for personal finances. It advocates for seeking education and tools to improve financial health.

Additional Resources

Budgeting Program: A program offered to help individuals get started on budgeting effectively.
Investing Class: Educational resources for achieving financial freedom through investing.

Links

[Watch the Post Show](https://youtu.be/5jEsqxmZfks)
[Get Free Stocks from Moomoo](https://j.moomoo.com/Caleb)
[Budgeting Program](https://calebhammer.com/budget)
[Investing Course](https://calebhammer.com/investing)
[Financial Score Tool](https://www.calebhammer.com)

This episode of *Financial Audit* provides valuable insights into the challenges of managing personal finances and the importance of accountability, education, and strategic planning for achieving financial stability.

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Transcript

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0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube. You're not responsible. You can't pay anything. A car repoed. Adding to your debt on this last one. Pause. I did not get the car repoed. The car was voluntarily surrendered. You voluntarily repossessed because you were about to get really repossessed and then ate things in damn collections. I don't think I made a single payment on those student loans because I've had. You feel no moral obligation to pay off a debt? If you feel no moral obligation with there, then this conversation is done because there's nothing I can do.

0:27I don't have the degree for it. Hi, my name's Casey. I am 34 years old, based out of Georgetown, Texas, and this is Financial Audit. Thanks for being on. So, what do you do for a living in Georgetown? Well, I actually work in Cedar Park. Oh, sure. And I am a caregiver, private pay caregiver. Hmm. Okay, wonderful. Oh, great. How long have you been doing this? Well, I just got back into it a couple of months ago. I'm part of the reason kind of why I'm here trying to figure stuff out. But I started in it officially in 2020. Okay. How much are we making right now?

1:15Honestly, I don't know the yearly. I haven't done the math on it yet because it hasn't been a year for me yet. Yearly? This is like how much are you? What do you mean? Are you hourly? I'm hourly. What's your hourly? 19 an hour. Okay. How many hours a week do you work? guaranteed 80 but it's usually more my lady a week well sorry no yeah that would be aggressive i'm usually working anywhere from 60 to 65 hours a week oh okay um how much do you think came in through payroll in the last month i could actually look and tell you no because i have the number you have i want to see how much you know about your financial situation so i think you don't budget because you would need to know what number is coming in the budget i would have to guess three thousand maybe four payroll is five thousand nine hundred oh good god uh-huh in the last month uh-huh yeah no okay how do you manage your life without knowing your literal income um my paycheck kicks my account i pay my bills and then i'm do you pay your bills yes they're late spoiler no late is not paying okay yeah and how much do you think you spent like part like on private spent just all throughout spending whether it's on debt whether it's spending sweeping debit cash all that good stuff all of it yeah give me a number what's the number you just said came in a month 5909 that um you're spending 6715 make the math make sense debt borrowing money other people's money not your money that makes sense cash out especially yeah yeah okay i mean i don't so tell me what the is going on here um well essentially like i said i just started being a caregiver again okay going back into caregiving got a pay cut pay cut was literally knocked me down from making almost 22 an hour to 19 an hour okay why'd you why'd you change because the job that i had before although i liked it i loved it i was good at it they loved me there and i was literally in line for a promotion to make more money when i left okay the job that i left for is more in line with what i want to do with my life care for the rest of my life well i want to go to school to be a nurse oh and eventually become a nurse practitioner so caregiving is kind of like the stepping stone to get me there but it's still you know it's it's in line and what i was doing before is not in line with what i want to do and what were you doing when you were making more i was um a backup manufacturing specialist for a company that makes a third of the ivy bags used in hospitals across the nation still in medical okay no it's okay obviously taking a job even with the pay cut that aligns more with what you're doing but my fear is immediately for someone that does a budget for someone doesn't attract their payments for someone who's already behind on their bills my big fear is that they live the lifestyle they live when they're making more money and then they don't adjust and then things get and oh there's a sack of paperwork in front of me meaning things are likely things are definitely so why have you not adapted your spending your existing your everything to the new income into the new life because those are wild glasses by the way as a glasses wear those are intense thank you i love them sure um but no so basically why i haven't adjusted is because everything that i currently am paying for and was paying for are necessities like utilities and food and rent car note gas car insurance i have two dogs two cats so their food so everything you're spending on is necessities yes everything phone bill internet because i don't have cable going out to eat four hundred twenty dollars miscellaneous bull hundred fifty four dollars that's okay going out to eat is definitely for work that's work because what are you talking about i don't eat at work if or if i eat at work i have to go get something to eat because what are you talking about have you when you went to school did did you ever go to school grade school of course i did wonderful did you see people bring little lunch boxes and thermoses yeah wonderful fall why can't you do that as an adult um no access to adequate refrigeration no access to a microwave that's what a lunchbox is for it keeps it cool what do you think a lunchbox was when they were putting cold things in there it's insulated to keep it cold you put a little ice pack in there what do you think a thermos is for it keeps it hot what are you talking about i've tried the thermos and it doesn't keep it hot enough i've tried the ice hot enough oh wow wow when we can't pay our bills we're gonna be picky about whether or not it's 120 degrees versus 110 yes no No.

6:27F*** you. Why? How are you allowed to be picky? And what kind of sense of entitlement do you think you're allowed to be picky? In what world are you allowed to be picky and not paying any bills? Sorry, I should give them context. I always do this. I dig in because I know your situation, but they don't. And they're like, why is she digging in? So, okay. But, okay. Well, I want to get back to that because that's kind of. Then your large purchases. Which purchases? Large purchases. It's a category we have. It was$2 ,049. Oh, that was just all cash app out. sending into cash app and then we'll look at your spending in cash app of what i mean because wait hold on what do i pay from cash app i know my rent gets paid from cash app my cardinal gets paid from cash app because a lot of the times what i'm doing yeah most of your cash app was spending to be very clear well a lot of times what i do is that my paycheck hicks because i think you have two of my you have two accounts because i have two accounts my paycheck kicks one account sorry it's okay my paycheck kicks one account and i literally take that i move it from that account to my cash app account because a lot of my stuff either automatically comes out of my cash app account or i have my cash app card on their online account so that way it's just boom hit a button pay it like my rent it's boom hit a button it's paid coming from a cash yeah the majority of the things in your cash app though in terms of line items were bull but i know i have a couple apple pay things you don't know your finances and okay just like any guest who comes on the show go through our budgeting program go through our budgeting program it's like three hours of education there's lots of quizzes and everything go through that you get it for free you guys can get it at a bundled price right now for a 15 discount make sure you guys are checking that out in the description below um i just want to know where you think you are in life right now before we get into your finances and then i want to challenge some of those thoughts but you know we need to give the audience a bit of context of where you're at where do you think you are in the world of finances right now your financial situation 10 being the best zero being the worst where do you think you are can i go negative no but so you're saying zero yeah i know then why the do you think you can eat out in what world are you allowed to have luxuries if you are at zero honestly for a while there i didn't have groceries at home so i so get groceries so it was it was like oh i have three dollars let me go here and get this i have five dollars let me go oh let me borrow 15 from this person and go and get that or that day go to the grocery store i'm so confused what do you mean what i know the town you live in i know the area you live in there's an h-e-b every three seconds well yeah i know that but what can you get at a grocery store for three dollars that's going to be a meal that's multiple days meal that's multiple days no you meal prep meal prep you're cooking you're cooking like chicken rice vegetables these things you're packaging up you warm them up next day it's meal prep you never meal prepped ground beef big old things of ground beef some tacos then you can make tacos by warming that up and you can warm it up and you can make like spaghetti the next day you can i guess you can kind of consider it more prep because sometimes when I do cook, I cook a lot.

9:31I'll buy a big pack of chicken and I'll bake the whole pack and then just keep it and eat it for the next week or so. Your grocery store spending was 2.7 % of your spending. I don't even have a number there because the slice on the pie chart is so small. That's also because I don't eat a lot because I'm a diabetic. Okay, well you go out to eat all the time, which also is not good for diabetes. I have to pick and choose what I eat and so I'm literally only shopping, grocery shopping like maybe once or so. Beat us one or two. Daxter.

10:28on peacock the interesting question because why not go to the doctor and find out well i have gone oh so i've been diagnosed twice okay first time i got diagnosed it was two lost like 50 pounds got cleared and then later on down the road like two years later got diagnosed again and they're saying it's looking like two but we're going to treat it like one so like it's a confusing situation you got in a second opinion going to a different no i'm just treating it i have my have my take my medicine so i'm like my blood sugar well it's fine so i mean okay i'm i can call it out without being horribly offensive because i also have one but we are a sharer of guts we we have a guts yes they exist yes um if you're treating it wouldn't that also include getting rid of that well i actually am i used to be bigger congratulations how much uh weight have you lost last i've lost an additional 40.

11:30yeah that's awesome that's great um have you been maintaining that or are we kind of in like a it's it's maintained with a goal of losing more like i'm at the point where like am i happy with where i'm at yeah but could i lose more yes would i be happy if i lost more yes but am i like focused on that no right now i'm focused on trying to survive okay well surviving for someone with diabetes a part of that is health like if you didn't have diabetes i wouldn't give a call it out like i don't care you know but i mean obviously that is a part of your actual life and big part a big part and that's something we would want to avoid and by going out to eat multiple hundreds of dollars a month going out to eat you can obviously get salads and stuff but usually going out to eat is not always going to be healthy.

12:21I was about to say, would it help if I told you that most of that was me going somewhere to get a salad? Like, I love the salad from Whataburger. We'll see. Okay, but is the salad from Whataburger... It's lettuce and tomatoes and, like, grilled chicken and, like, a good little dressing. Yeah, I would love to know about that good little dressing. I usually get the balsamic vinaigrette. I hear that's supposed to be one of the better ones. I'm curious. Listen, I'm curious. I don't know. I'm thinking Whataburger. There's probably, like, a hidden honey butter chicken biscuit in there somewhere that you don't even know about.

12:50I love the Honey Butter Kipper. I know, but it's a water burger. But, okay, let's go through these. So I think this is a car. Through Sintander? Yes, that's my current vehicle. What is your car? I drive a 2019 Ford Edge Titanium. Titanium, wow. I don't know. It's the trim level. No, I'm sure I just don't know. Oh, also, by the way, guys, get your Hammer Financial Score for free. Link in the description below. So you think you're a zero? We'll find out by the end. Wouldn't be surprised. See where you're at. And if you want to come on the show, if you have interesting finances, interesting stories, go to CalebHammer.com slash apply.

13:28We'd be happy to take a look at your application. Get you down here into Austin, Texas. Okay. So this Ford Edge, we have a balance of... It's a lot. It's a lot, a lot. Now, luckily, you work a lot of hours a week, but for your hourly income as its own, $32 ,574.94 is a lot. When did you get this? 2022. Okay, so it was a couple years used at that time. Yes. Was it a used car? Yes. Why'd you get such an expensive used car? For what it's worth during that time, used car prices did go up dramatically during the pandemic. That is problem number one. That is problem number one. But still, even still, we could have gotten like a$2 ,000 car became a$10 ,000 car.

14:17But you went to like the$35 ,000,$40 ,000 range? So let me tell you what happened. Okay. Before I had this car, I had a different car. I had a 2019 Kia Sportage that I was financing payment was less than that one. And I loved it. So mad I don't have it anymore. I was, however, I had just transitioned jobs again. And another thing. And I was behind on my payments. But I was in the process of trying to catch up. I was at the point where if I missed another payment, they would put my car up for repo. But I made the payment to keep that from happening. Finance company lost the payment, refused to do anything regarding losing the payment, even though I submitted the proof of me submitting the payment and it going through.

15:11I sent them my bank statement showing the transaction going through and nothing coming back. And they still said, well, you either need to make another payment or we're going to take your car. So I was like, no, screw that. I'm giving it back to you voluntarily because I refuse to be someone y 'all just come snatch it from me. Sure, voluntary, bro. And so I immediately went out and started trying to find something else. Well, hold on. Didn't you still owe on that? Yes. Oh, okay. And I immediately went out trying to find something else and went to the only dealership that apparently I could find to work with me at the time.

15:48You mean for financing? Yeah, for financing. Okay, well, you could have gone to any dealership, but you could have got financing outside of there. Whether or not you qualified, probably doubted getting repo and all that stuff. So I get it. So you went to a predatory place, most likely. Basically, what I did is that I got on Google and I looked for places that work with people in my situation. And I ran across this website called Credit Yes, I think is what it's called. And I filled it out and they called me and told me something. And they said, OK, we work with this dealership. You're approved for this.

16:25Go there. So I went to the dealership and that's what they put me in. what's the condition of this car honestly in my personal opinion it's in better shape now than it was when i got it at least mechanically speaking wise well you owe a monthly payment of 836 dollars which is an insane thing and i think you made more last month

16:51sorry this isn't funny i think my my producers kind of just pranked me unknowingly they were they were given they ran the bin and they gave me the value of the car and i was shocked to see a trade-in of 31 000 i was like yeah dude casey gots this trade that in and break even like that's incredible or private sale even more then they're like oopsie wrong one yeah it's worth private party 14 000 so you're underwater by over 50 yes so this is so you went to a predatory dealership probably because you had a predatory loan well you probably got a car that was they sold it to you way higher what's the interest then it's actual value what's the interest rate on this thing it's above 20 no i think it's not what are you doing not exactly 20 it's above 20 with a minimum monthly payment of 836 but that's not what matters because guess what you're past due i'm not past due anymore what do you mean you're not past due anymore you caught up completely you made the full 1 751 dollars and 90 payment what i did was um i filled out some paperwork with my finance company and moved to my past few payments to end of my term and then made a payment okay well it was still added you didn't catch up you're just future you it's but it's current and it's reporting to my credit as current yeah so you know i get it but you're just on paper yeah extend your 20 loan even more that's great instead of catching up on your 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 499 chicken 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 kernel 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 things by actually like managing your finances and budgeting pay it off so what do you plan to do you're underwater by 60 60%.

19:07I'm going to keep it until I can get into something else. How are you getting rid of this in the loan? Being underwater 60 % by getting into something else? Caleb. Yes? It's a seven year term. I am 34 and I plan on being a nurse before I'm 40. Okay. Nurses make bank especially travel nurses. And you want to be a travel nurse? I'm going to start off as one yes. Okay. Let me give you a solid dose of real world. That doesn't matter or not with someone like you who can't manage the finances. you can make$200 ,000 a year. That doesn't change your financial situation. You would be spending$250 ,000 a year.

19:41I don't think so. I do, based on your budget and based on your spending. How do you not think so? In what context and what behavior supports the idea of not? Because I know what I want to do in life and I know what it's going to take to do it. Oh, I hear a lot of wants. Look at your actions. They're not getting there. I know that considering there's certain parts of my current life that I cannot change. What? Such as the cost of my rent and the cost of my car. What's your cost of rent? Before all the extra fees,$16.85 a month. Yeah, you can control that. You kidding me? We can get you in a$1 ,000 place.

20:16$1 ,000 studio. Not in Georgetown. Yeah, you don't have to live in Georgetown. But I do. You don't have to. You can control that. My family's in Georgetown. Wonderful. Round Rock is 10 minutes from Georgetown. I don't give a s***. And Round Rock is 10 minutes from Austin. I don't give a s***. You take I-35 like a normal human. what are you talking about i do too much for my family to be that far away for them 10 minutes i do too much for my family okay go ahead and tell me what's too much for 10 minutes um number one my mother does not drive right now but she still goes to work so i'm gonna get to work every morning also make up 10 minutes i also pick her up on from work on fridays i get her to church on sundays i get her and my disabled cousin to all their doctor's appointments i'm the one that goes to all the stores that she my mama needs to go to for her grocery shop and all that fun stuff You need to be buying groceries while you're there.

21:04And I also help my sister with my nephews from time to time. So I have to be close to them. Being outside of Georgetown just really feasibly, especially considering gas, it's not an option. Incorrect. I don't know what the fuck you're talking about. Leave 10 minutes early like an adult. You do not need to live 30 seconds away. I don't care. What are you talking about? You're literally 34 years old. You can drive an extra 10 minutes. You can set your alarm 10 minutes earlier. That is not a valid excuse. For those who don't know, because the majority of people watching this are outside of Austin, Georgetown is just like the northernmost suburb of Austin.

21:37Like, you can be in Cedar Park and get there in 20 minutes, and that's, you know, because we can't drive. It's not that I can't drive. I just. It kind of sounds like it. No offense, actually. Georgetown's in my comfort zone. That's what I know. No, it's not. You're paying a rent that you say you can't control. It's too expensive. You're outside of your comfort zone. It's not that it's too expensive. it. It's not that it's too expensive. You just said you're being held back by things you can't control. I asked what those things are. You said rent. Well, it is rent because I can't move right now.

22:09Yes, you can. You want me to break my lease? You could break your lease if it's what's holding you back. Yes. Depending. Depending. We would need to see what that actually ends up looking like. I printed my credit report. I want you to look at it and see what you see on there. Okay. Well, we will get there. But also you sign the lease and the lease will end at some point. March of next year. Wonderful. And then you can get$1 ,000. We'll talk about it. Why? We're talking about it right now What the f*** are you talking about? Round Rock, Georgetown See how close it is? It's nothing Buddy, you can live in South Georgia Here it is, Georgetown right here 1.1 thousand It's a little house A little house Let me see It's a house You kidding me?

22:54It's a house Buddy That's not a house, that's an apartment and it's usually for college cakes it's right about a university okay you don't get the picky no i'm telling you like that complex is for college cakes it's not a complex this is a house can we are we able to like look with our eyes at things look at this everyone see this i mean yes you're renting an area of the house but it's not a complex it's a house you're renting it's like subdividing it in different units that's unit a for the university students no anyone this is this isn't just for university students what are you talking about i one i promise you they want to lease this and if you can be a more reliable tenant they will lease it to you as someone who owns rentals next to a college i don't just accept college students wonderful here's this apartment 1 ,200 it's an apartment complex with 14 units available uh 1 ,300 there 12 units available 1 ,300 there 27 units available what did you say your rent is again?

23:57right now it is 6 wonderful so I'm saving you money on all these 1 ,211 units available at that complex this complex 1 ,100 available 12 units available there but you're just you're renting on the for what you want this is all over Georgetown so this isn't even leaving Georgetown because I'm going to cater to your inability to wake up an extra 10 minutes early $1 ,000 right there at apartments one bedroom not even there's five of them at that complex you'll need to cut this part but that's the complex I'm currently in there you go well we're gonna bleep the name but it's the complex you're already in that name won't be available so obviously people can't find you but But yeah, guess what?

24:49There's apartments there for$1 ,000. Currently five available. You're just living in something you want to live in. I'm going to need to look at their website. So things you can't choose? That's hard to believe. Hard to believe. This is their listing it. What the f*** are you talking about? I'm just saying it's hard to believe because I've looked. It doesn't matter. It's not something you have to believe. I've looked. Before I moved into this apartment, I looked. No, it might not have been available right then. I looked everywhere, though. Like, I was looking for a cheaper apartment. Because I was coming from an expensive apartment, trying to get into something cheaper.

25:27And I actually did. This one was actually a little bit cheaper than what I was paying at my last. Well, then that's insane. But you also just apparently don't know how to look for apartments. Also, maybe it was just the time for whatever reason. But they might cover transfer costs of you switching that unit if you don't. You can't afford that. I don't know for sure. You have to talk to the leasing office about that. I'll definitely give them a call. Everyone was telling me to invest at the start of my financial journey, but not where or how to do it. I started my channel to have the money conversations and provide financial education I needed years ago, and why setting you up for success is my number one priority.

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27:18So click the link in the description or scan the QR code on screen to get started today. Believe me when I say I trust MooMoo and you should too. Now let's get back to today's episode. And then you said you can't control your car costs. That's not completely true. Right now you can't control that you're in it, but you can control that you got in it. You can control the price of the car you got. You had to go to a specific dealership for the financing that you had to get, sure. But you got a more expensive car than you could afford. I got the car they showed me. Why did you do that instead of like, hey, show me another car?

27:49I did. And they said, we worked the deal on this one. We got you approved for this one. You know what you say? Let's go with this one. That's not their choice. They don't just say, let's go with this one. You're the buyer. Your response to that is, fuck you. I'm leaving and then I wouldn't have a car yes temporarily it's a temporary sacrifice it's a temporary sacrifice that I can't afford to make given I lived in Georgetown at the time was working in Austin no I get that listen here's the thing if we're talking about an$800 a month payment with 20 % interest on a car that were underwater by 60 % you would have saved so much money even if you were Ubering for a full month while looking for other options so you would have Ubered you're behind on payments you had to put it at the end of your loan which is horrendous extending your seven year 20 or more death loan you would have ubered for a month even two months and you would have still saved money if you got a car half the costs i was worried i wasn't gonna get a car if i waited because okay well that's a car excuse me huh my other car was getting taken away well yeah and so will this one if you keep going down the road you're going i'm not gonna let it go okay well i wonder how many times they will allow you to stack it at the end as long as i make eight payments in a row i can do it again there works exactly are you gonna make eight payments in a row because you were not i've done it twice so two payments in a row no i mean i've done this moving to the back of my own thing twice

29:28okay

29:33listen your hourly wage isn't like fantastic by any means it's not like yeah yeah you're here to turn money but you work so many hours that you actually do bring in an okay amount of money there's no reason why you should have had to do that twice i'm aware of that that's why i'm here because i'm trying to figure out what yeah no shit is going on yeah no but that's that's that's that's that's what everyone says when they come on here and they use that as a cop that's not how i i because i i want to fix it like this i want to do with my life and i can't do it with the way things are going right now yeah so i mean but you're not even willing to get a cheaper place to drive an extra 10 minutes it's okay leaving georgetown yes that i i'm refusing to do that's like so basic getting into a cheaper place i am willing to do if i can and i would but i would tell you why are you telling me if round rock is literally one block over you will not go one block over if round rock was one block over so you'll live on the edge of georgetown in round rock as long as you're in georgetown i need to have a georgetown address okay well that's as dumb that's as you being picky no offense but that's a stupid that's stupid it's literally the one thing in life i'm picky about i compromise but i don't think you can be i compromise well actually you can be because we found a thousand dollars okay do you i saw your fast food spending come on i don't know what you're talking about what are you compromising on please tell me please educate me on your compromise from whataburger and some cheap mcdonald's dollar not a compromise you can get lettuce and dressing from a grocery store you You getting the convenience of fast food regardless of what you're buying at the fast food place, that is not a sacrifice.

31:12That is convenience. So please tell me what you're sacrificing. Everything. Obviously not. Give me specifics. Yeah, interesting. You can't even name one. Well, I mean. Then you're not sacrificing. No offense. When you put someone on the spot asking what they're sacrificing. Think about your entire life right now. Your day to day. what choice are you making that it's a sacrifice i mean that's a tough question to answer no it's not it is because some of it's some of it's just like personal stuff and some of it's like ask me what i'm sacrificing my life right now like i'll give you an answer we just had one of those bull overpriced healthy lunch places for like the millionth week in a row because i'm trying to be healthy instead of eating food that actually tastes like food Wonderful.

32:05It's a sacrifice. It's not a huge sacrifice, but it's a sacrifice. Name any sacrifice. Sacrifices. Oh, my gosh. I mean, I sacrifice my time a lot. Okay. I sacrifice my time a lot because if I'm not at work, I am doing something with my family or doing something with my church. I very seldomly have time for myself to do anything, to check out anything, to research anything. If I'm researching stuff, I'm like researching on the fly. Okay, here we go. okay so for someone who sacrifices their time they're not willing to sacrifice an extra 10 minutes to save money on run that's more time i just told you i sacrificed my time you want me to add more time for me to sacrifice when i can save the 10 minutes like i'm i'm i'm i'm i'm I'm confusion right now.

32:50Yes, I am. 10 minutes. So on top of my 6 a.m. to 8 p.m. workday. That's awesome. You get home at 8, 10. Five days a week. Listen, that's not even the biggest issue. The only reason I'm bringing this up is because literally if you're able to save$600 in rent, yes, that is worth it in your situation. I don't know how you don't see that. I don't even know how this conversation is possible. If that is something you're not willing to sacrifice. If we can sacrifice, if we can. There's 10 ,080 minutes in a week. 10 ,080. If we can save the money without me leaving Georgetown, then that's what I want to do.

33:37Well, yes, you're going to stop eating out as well. But at a certain point. I'm already there. Okay, obviously not. But I don't know what you're talking about. I mean, I have. Am I still eating out? Yes. am I still paying for it? No. Someone else is. Also again in Georgetown I literally just pulled up Zillow for a whole second and found a bunch of options that are cheaper than yours. Including at your own damn complex. So like I don't know what the f*** you're talking about. I really don't. You're just someone unwilling to move in anything, in any way. Okay. It's on the credit report you're going to see anyways.

34:17I can't move right now because I owe another apartment complex$4 ,000. Oh my. Okay. What about internally though? In your internal complex? I don't, I don't know. Okay. That's worth a conversation. How'd you get into this complex then? I applied, got approved and moved in before the other complex hit my credit. Okay. And why haven't we worked to pay that other complex then? How much do you owe them? I don't agree with the amount that I owe them. Well, I don't care if that impacts your life dramatically. at a certain point. Sometimes we all take the L. When I looked at the breakdown of what they were charging me for, they were charging me for stuff that they shouldn't be.

34:55So I'm fighting it right now. Fighting it how? Phone calls. All the steps. What are the steps? Are you talking to a lawyer? Are you going to small claims? What are you doing? I'm talking to them. Talking to who? The apartment people. Okay, so that's probably not going to go anywhere. and i'm trying i'm trying to get it figured out because like i said they're charging me for stuff that i don't feel i should have to pay for i mean they unfortunately whether it's good or bad they kind of have the power they can give credit so it's not i don't think they're gonna care to wiggle on it i used to i need to make it until i can how much do you owe south of 4 000 that is a lot What are they claiming?

35:39So they're claiming what is equating a total of a month's rent. Okay. Because I had one month halfway paid, and then I owe them for two weeks of the next month. So it's basically killing a month of rent. And then they're trying to charge me for replacing the carpets, even though I moved out in 2022. moved in there in 2019 had two dogs and like seven adults in that apartment basically the entire time so like the carpets are going to wear and tear and they knew those people were there because they were all in the lease so they're trying to say that the carpet was worn down too much for its age and I'm like the carpet wasn't even new when I moved in did you take pictures on your move in day yes I took pictures they were there like I did the little checklist thing You have pictures that you can show them from your move-in day.

36:34It's on my old phone, but I believe so. Is it in the cloud? Also, just one more thing on the 10 minutes thing, and then I'll move away from that. The extra hours that you're having to work right now just to pay to be closer to this extra$600 versus leaving 10 minutes earlier, arriving home 10 minutes later, is likely substantial more time you're having to spend at work in order to afford that. So you're likely sacrificing more of your time anyway because you have to pay the more expensive rent. So... Shopping is hard, right? But I found a better way. Stitch Fix online personal styling makes it easy.

37:16I just give my stylist my size, style, and budget preferences. I order boxes when I want and how I want. No subscription required. And he sends just for me pieces, plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today at stitchfix.com slash Spotify. That's stitchfix.com slash Spotify. Well, I mean, right now, the hours are going to happen regardless. Right now. Why? We'll leave it at unreliable other employees. Okay. And I'm the only one willing to come in all the time. I'm just saying, if I had... If that extra$600 was...

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38:00If I opened my brokerage, Moo Moo, for investing, if I was able to throw that extra$600 into our investing, the amount of compounding you'd be getting over the course of your life, do you have retirement? Not at the moment. Do I have it as an option with my current employer? Yes. Am I utilizing it right now? No. I don't give everyone. Everyone has access to some kind of retirement, whether it's their IRA or whatever. So that doesn't matter. It's whether or not you have it. That's what I care about. Okay. All right. Well, let's start going through this credit report because it's basically this entire pack of insanity.

38:36Atlas. What is it? Defer it. Inc. What is it? Atlas is kind of like a credit card, but not really. it has a super low limit and basically it gets used and then the payments automatically just come do you owe anything on it? like 60 bucks like I said it's a super low limit you're not a credit card person you need to use a charge card like FizzCard you cannot have access to credit cards you can't you don't know how to manage it not to save your own life I think Atlas is literally the only one I currently have if you want to count on everyone oh Department of education. So you already went to school.

39:18Tried. Dropped out? Yes. I did too. But you're considering going back. When did you go? Oh, Jesus. When was your last class? What year? I know my first try was in 2009. I want to say the second try was like 2012. Oh, okay. It's been a while. You're going to have to restart basically all your credits. It's a lot of the transfers and everything, they last for like 10 years. Yeah. But, I mean. So, you're starting fresh. You're going to have to do a full four years. Yeah. But what I was trying to do before are no way related to what I'm trying to do now. You can't pay your car. How are you paying for school when you want to go back?

40:00That's what I'm also trying to figure out. Because I don't think I qualify for financial aid. Yeah. No. That's not surprising. Okay. At least a bunch of different student loans. um okay let me just add them up real quick it's a lot are you paying on them probably not they're in deferment right now yeah shocked i wonder what the interest rates on them are i don't think they're bad oh my goodness you've been late on them you've been late on them in the past you've been 119 days late my my dude i will honestly admit i don't think i've made a single payment on those student loans because i've had them great you don't feel responsible to pay back money you borrow it's not that i guess well yes a good one i don't have the degree for it so i'm like yeah but you borrowed it i don't have the degree i'm paying on mine i know i borrowed it but i and it's not that i don't plan on paying it back i just it's been over a decade i know from your most recent i know 20 576 dollars again like i said i've been focused on just maintaining my day-to-day.

41:12But you're not. That's why I'm focused on it and not doing anything else, really. But you're not maintaining your day-to-day. You're moving your car payments to the end of your car payment. You're allowing that 20 % interest to accrue. Mind you, again, when I talked about accruing money in your retirement, the best is a 10 % average. You're losing more than double that with your car loan. Sorry, thank you. Okay, let me get through these student loans Since we know the balance Your normal payment's probably like$250 If you're in the 10-year traditional payment Something like that You haven't made a single payment How much did you actually borrow?

41:52Because I bet it's gone up to$20 Because you haven't done anything No, like$16, I think So the consequences of your actions An extra$4 ,000 owed Okay here's something new what's that central portfolio contour oh place for collections wonderful collections $546 what's that for I honestly couldn't tell you wonderful okay it doesn't say on there usually it says the original creditors name somewhere does it not oh it got redacted It got redacted. Any reason why?

42:40It's the first collections,$546. Redacted the original creditor. I mean, I can look it up. On the credit, on my. The second collections is$864. You know what that's for? It's been nine months. No. Would you like me to look it up for you? The first one was the hospital. so why didn't you pay didn't have the money to what was it for what year was that 546 oh year i don't know one second 2023 did i go to the hospital i didn't go to the hospital last year maybe that's when it was sent to collection so maybe 2022 because i know i went to the hospital in 2022 because i fell down the stairs while moving and severely twisted my ankle wow um and then there might be hospital bills on there from both the times i hospitalized because of my diabetes no that one should have fallen off by now considering how long ago that one was nope well i was thinking about because i went to the hospital again one time when I fell and got a contusion on my whatever this bone is called right here.

44:02I'm not a bone guy. Neither am I. But I don't think that one's on there because it's been forever a day ago. All right, pull up your cardiac armor because this is organized horribly. There's 75 pages. I can't. Okay, so 546 medical collections. and then we'll look at the rest. One second. Is that TransUnion or Equifax? It doesn't matter. Well, sometimes it does. Sometimes. Just give it to me. Hold on, it's still open. Give! Give! Opening! I didn't silence y 'all's Wi-Fi. TransUnion. Hold on. Why is this? What are you doing? What is you doing indeed? If only you were willing to drive the extra time that it has taken to open this app.

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45:26And we're looking for what again? There's gifts. Here you go. Let's look at derogatory marks. Collections. Okay. We were looking at this 864. It was this last one we saw. So 864. The original creditor there. Great. It says original creditor central portfolio control. So it was probably just sold to another one. So we don't even know what that's for. This is great. This is wonderful. This is fantastic. Apparently that was also the hospital. So it's another hospital one. Okay. This next one we're looking at collections. Three is$734. You've just allowed your entire life to go to collections. Bank of Missouri.

46:14that is a credit card why'd you not pay it which you feel any responsibility in the world at all and you're gonna be okay then why don't you do anything i was paying on that one actually and then yeah but then you didn't i stopped and i can't remember why it stopped something happened where i just couldn't afford to pay me anymore okay then you're not a credit card person don't these credit cards uh then number uh 442 dollars from capital one 422 that was also a credit card yeah credit card uh-huh why'd you not pay it same thing great uh 476 476 can't see the original No credit or there. $476 was from LV and the, or I guess the Revy card.

47:07Oh, Revy? Credit card, yeah. Okay. That one I can just have in. It's weird that it's not showing me correctly on the app. I feel like it was last year. Okay. And then, whoa, okay, collections. Six collections. Oh,$2 ,206. For who? remember who that's for oh it's credit ninja oh yeah i wanna be ninja that was a loan that's great and you didn't pay it started and then couldn't afford the way i want to give you free money right now i've partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them check out my investing app of choice moomoo where they give you up to 15 free stocks and 8.1 % interest on your uninvested cash when you sign up with my link.

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48:33You're not responsible in any way whatsoever. You can't pay anything. You're never paying anything. Got a car repoed. Adding to your debt on this last one. Pause. Pause. Pause. I did not get the car repoed. the car was voluntarily surrendered in the process of me trying to catch up on my payments because they were gonna repo if you didn't my finance company lost my payment had they not i would still have that car okay you know you have to you have to be behind payments for like many many months for that to even be in that situation exact there you go and i just started the job that i just left and had they not lost that payment i was going to make two payments with the next check because I had massive overtime.

49:15You have to understand that I was making bank at that job, but I wasn't happy. Yeah, but then you still have to pay the bills that you took out, though. Right. But, again, I would still have that car which had a lesser payment on it. Honestly, all of this really started going south when I lost that car because my car payment shot up by, like, 200 bucks. Because you ended up getting a car that was unaffordable to you. because it's the car they gave me gave no it's the car they showed me i needed a car i'm so really so if anyone shows you anything you're just gonna buy it no i'm afraid for the next time you have to get another car they're gonna show you a car and you're gonna be like okay that's my car when it comes to cars yes i've never gotten a car before when it comes to cars i typically do research i typically do the research this is literally the one time where i did not and it's destroyed your finances so yeah and also i don't i don't care if you've done things well well in the past if you're doing it poorly now it doesn't matter just like if someone did things in the past as long as they're a good person they've learned from it now then it doesn't matter to me which is why i'm here to try to get back on which is why i'm here to try to get back that's not that's not an excuse out that's not an excuse out i'm sorry i'm not excusing i'm but that's what everyone says the moment they get pushed back on their their actions is they say well that's why i'm here Come on.

50:38Like, I recognize what's... Collections number seven,$1 ,252. Looks like this one is from the Bank of Missouri. Once more. Again. $1 ,000 what? $252. Bank of Missouri is a credit card, but I don't remember having a credit limit that high. Ever. I don't usually do credit. Well, it might just be extra fees on top of a four-year-old to collections. And then to Verizon, you owed$1 ,780. You can't do debt. You have eight things in collections. This is insane. You can't. And regardless, let's pretend you didn't even do the voluntary possession. Even with your current car, you're adding the missed payments to the back of the loan anyway.

51:16So regardless, I mean, you just can't do debt. You're not responsible with money. And that's okay. That's fine. Just accept it. Because if you accept it, you can only start to change it. Don't get defensive on it. It's okay that you're not good at money. I'm not good at a lot of things. But I don't go walk around and say, no, I'm actually great. What? I've never said I was great. I know, but you're defending against it. Just accept that you're bad. at money and that you can't do debt and that that's okay well because you're making it seem like it's worse than what it is like i know are you kidding me i know it's are you kidding me worse than it actually is you think it's better than it actually is you think it's better than it actually is you're putting money the payments at the end of the loan you're voluntary repossessed because you were about to get really repossessed and then eight things in damn collections student loans for a degree we didn't get and that that's okay that same thing happened to me but guess what it went up three thousand dollars because the holidays mean more travel more shopping more time online and more personal info and more places that could expose you more to identity theft but lifelock monitors millions of data points per second if your identity is stolen our u.s based restoration specialists will fix it guaranteed or your money back don't face drained accounts, fraudulent loans, or financial losses alone.

52:28Get more holiday fun and less holiday worry with LifeLock. Save up to 40 % your first year. Visit LifeLock.com slash podcast. Terms apply. Unless you weren't paying on them, so extra fees and interest added onto it. Come on! What do you mean? What do you mean I'm making it sound worse than it actually is? I'm literally just naming exactly what it is and you're trying to make it sound like it's better! I mean, because it is. It's not... What? In what world? I'm reading the numbers you're reading the numbers but you're not really fully looking at the situation it could be worse and it's not are you f***ing me why does everyone say this and why does everyone say this you f***ing applied to this you know what you is that what you have to do to go to sleep are you f***ing kidding me let's say that I am a m*** smoker I am smoking all the crystals in the world just because I took two hits today instead of four it's okay because it's not as bad as it could be are you kidding me it's signs of improvement it's signs that you're trying to get off of it signs of improvement is eight things in collections what the are you talking about signs like i'm sorry yeah i get that it looks i get that it's bad but you have you don't get how bad it is which means you're not going to do anything to fix it i will will you help figuring out what to do okay partner well no no honestly i i kind of have to push back against that though because i am trying to tell you how you did that car wrong and what to do next time and you're trying to defend how you ended up getting that car so i don't think you even want to know no i get how i get what went wrong i get what went wrong because you have to understand why i was in that in that position i did understand i did and i gave you alternatives that you could have done and then you say no it's not possible i did and you're also literally you're someone who's not willing to wake up 10 minutes earlier so i don't give a what you're about to say it was not on my mind at that time at that time that's not an excuse my mind was i have this this this this and this we all have this this this i need to be able to do freely without waiting for somebody to come pick me up dude i need a car we all have going on that doesn't mean i get to just uh bail out and not do things correctly.

54:46I'm running a business. I'm running employees. I have a lot of shit on my mind. I have a lot of things on my plate. Guess what? That doesn't mean that I get to just around and make a massive mistake that ruins my life just because I have this, this, this, this, and this. Well, at the time, I could afford the payment, so things change. We're here now. Let's fix it. I honestly don't think that payment was ever in the affordable range because you had to stretch it out to seven years. That's what they offered me. It's the only thing they offered me. That's not an excuse that you say no you over for a month while we shop around and we try to improve our credit for a few months my mindset was not there at that time not an excuse you say it's not an excuse i'm not saying it's i'm not it's not an excuse it's what it is my mindset was not there at that time things change people grow i'm yes i just haven't seen that growth i'm trying to improve it where's that trying please tell me in your finances anywhere being here talking to you that's not uh-uh nope i want to see actions that's not an action you came here and you sat in a chair wonderful i'm proud of you why do you have a 63 balance on atlas if you're trying to improve that wouldn't be there 60 you can pay that because i used it then pay it the talk i am it's getting paid today i literally got paid today it's getting paid today i'm just waiting for to leave my account Fine, fine.

56:08The$442 collections. Why haven't you paid that then if you're trying to improve your thing? Who was that Florida game? Buddy, I don't remember, but they were all just like past credit cards except for a couple medicals. Oh, because credit cards fell off. All collections do. I'm not doing credit cards anymore, so I'm not worried about the credit cards. That's not how this works. Because your credit is so shit. That's why your car loan was so predatory. Because your credit score is so shit. That's why you're saying you're not able to move to another apartment complex. because your credit is sh**.

56:37So why don't you do anything to improve it in order to improve your damn life? Actually, I said I can't move to another apartment complex. And also, you feel no moral obligation to pay off a debt. If you feel no moral obligation with there, then this conversation is done because there's nothing I can do. Like, you borrowed the money. You spent other people's money. Regardless if there are a sh** credit card in the system sucks, you borrowed it. Pay for it like an adult. Show me a little bit of responsibility in this world. Show me how. Okay. That's what I'm here for. Show me how. Cool. call them pay it boom showed you work it into my budget and show me how to be your budget okay okay okay okay fine let's do that let me call the things not to spend on uh in that budget then because your cash app where you spend a lot of your money you sent out 13 dollars to cash app who knows where that went you went inside got some drinks you got some mcdonald's and you made a cash app loan repayment thing there and then uh more 20 out from cash app 20 out from cash app 50 out from cash app$20 off from cash app where is all that money going $20,$50,$50,$50,$20,$20,$20,$20,$20,$50 does it out from cash app like sending it to somebody yes it's a cash app payment I don't know where it went well yeah we blacked out their names probably that could have been sent to my Bank of America account to paste another bill from there I used both accounts it was people producers are telling me it's people they blacked out their names it's people?

57:59yes 20, 20, and 50. Dude, it's endless. It continues through here. Going out? 50 going out? Yes. Unless I was paying somebody back the money I borrowed, that's the only way I would... The ones that went back to the bank account are still labeled, so I'll call them out when I see that. Apple subscription, or in-app, or something. Whataburger. Loan drawdown,$500. So you took a cash-app loan,$500. We saw you did pay that back. Uber so you're already Uber and even though you have this car that you can't afford so that's great Uber Eats you can't afford that you can't afford a$35 convenience of Uber Eats what was the amount for Uber 96 96 bucks yes that was me getting something for my mom and them I just ordered it and had it delivered to them okay you can't afford that so don't do that I didn't pay for it there should be something where my mom paid for it oh okay well you certainly can't afford $38.88 in the convenience of someone picking up your food and delivering it to you through Uber Eats okay no defense they're good thank goodness per pay 72 dollars amazon payments 27 dollars oh more uberies 35 dollars and two cents only only only only four in one day how much faft did we have to do there was no fap it was just boredom boredom so you spend money there's so much free stuff so much free i know and honestly it was ridiculous because nothing really even was seen so it was like wasting my time may we hear what did we what did we discover what did we discover through that payment what what did we see the only fans is nothing but i don't use it anymore only nothing oh you had to pay more to get access to the uncut gems i guess so i don't know i stopped after that i was like oh whatever you're boring now bye amazon sonic go inside getting some bulls sonic go to sonic a lot 20 bucks a sonic too so i doubt that's just a salad if i'm going to sonic it's not a salad well you go to sonic all the time i've called out sonic like five times oh guess what sonic went inside got some drinks or some bulls what are you stopping at the gas station getting like a couple dollar things um that's usually like maybe a bag of chips and a soda canceled that's out of the budget you did it again right there and then you went to pizza hut doubt that salad for 40 bucks now that's a pie that's a large pie 40 bucks pizza hut oh yeah that's a uh for work we sometimes uh buy pizza for our clients so it was reimbursed okay apple bill mcdonald's apple bill is gonna be either my care for my apple products uh my subscription to microsoft word which i need for work why doesn't work pay for it because i'm technically speaking not microsoft word use google docs work doesn't pay for it because you use google docs i understood if it was like excel but it's microsoft word use google docs i actually never consider that well please consider it thirsty chicken must have been real thirsty because it was 70 that was also reimbursed three dollars sent out via cash i have two dollars sent out five dollars sent out uber eats again great twenty dollars there and other apple bills so this is a third subscription now taco bell went inside got some chips panda express went inside got some chips and other apple bills so now that's four so you only named two cash app and out five dollars to someone fresh donuts must have been real good real fresh solid driving went inside got some chips were chip obsessed especially for someone with diabetes water burger and other apple bills that's five uh went inside got some chips probably mcdonald's when it's i got some chips schlachkies as well so a lot of spending on just bull so schlachkies most of the uber eats and if swashies are most of the uber eats that's all gonna be either for my family or for work yeah you can't afford it regardless they get reimbursed where where was it reimbursed i haven't seen that um usually if it's for work my technical manager will give me cash uh you're uber eating for the for the old person huh you're uber eating for the old elderly no so it's it's the uber eating is usually uh my technically she's my boss um asking hey order me this get you something and i'll give it to you in cash and i'm like okay so that's what i don't know three dollars in your bank of america checking i can't track your cash that's hard uh transferring money through cash app cash mac after pay we're also doing after pay great after pay after pay after pay after pay wonderful fresh donuts on here as well i only got one thing so cash app cash up cash up cash up okay boom okay yeah let's do your budget because i guess that's what it's gonna be a big thing hopefully so what's your rent before all the fees it's 1685 but there are other fees on the net raise it up more than that well that's before the fees you said before Order fee is$1 ,685.

1:03:09Okay, now with utilities, internet, and fees, how much? To be quite honest with you, I usually have$18... Not another$1 ,800. It's$18 something. No, not in fees. I know when I pay it late, I'm paying$19 something. Why are you paying it late? Because, and that's the other issue that I have, is that right now, the way that things are falling, i'm i and i don't understand how it happened i somehow got it to where the check that i get at the beginning of the month it comes after the first so that's when i pay like card note utility stuff like that and then the check at the end of the month is rent but instead of it being rent for the next month it's rent for the previous month so where you're just calculating in late fees you don't know what your utilities and all that extra stuff there's no way utilities and fees an extra 1800 well no your rent isn't 3000 no no no no so are you saying total 18 like so my rent by itself is 1685 is is 1685 and then there's like fees just for the complex okay how much that raised it up to 18 okay now what about utilities my utility bill fluctuates between 150 and 200 a month.

1:04:33Okay, I'm going to put 200 and I'm putting 1800 for your rents plus fees. Do you have rent as insurance? Right now, no. It's built into my rent. Okay. Internet. Internet's built into my phone bill. What's your phone bill?

1:04:50If I don't include the amount that I get reimbursed from someone that's on my phone plan, it is... I actually just got to decrease... What's your phone bill? 400. how's it 400 um apple watch ipad two phones two internet boxes two phones one of the phones someone else pays for so they give you money so my after people give you money how much do you spend 325 sell hold up your wrist i took it off okay yeah and there's no tan mark there anyway so sell your apple wash sell it is there apple care on it just sell it and sell your ipad even if for a loss and throw all your money at it please i need the ipad that's what i use for work and i i had a tablet that was paid off and it went out on me 320 is that what you said i'm gonna die.

1:05:50Is that what you said? $320? $325. Okay, your debt payment for the car,$836.22. Usually more because you're always late. Gas, vroom, vroom, drive, drive. How much? That is going to be $50 for a full tank, so $150 a month. Car insurance. Car insurance is $270. Okay,$300 for groceries. Your meal prepping. Follow the meal prep in the budgeting program. I usually spend more like$200. Well, it's because you eat out every second of your life. TP fund, anything else you need to survive, whatever it is, deodorant, all that good stuff, $100. Medical, health care, anything on a monthly basis? Consistently.

1:06:35My medicine costs $75 a month for everything. Jim? My apartment complex has one. Pet insurance? Do you have a pet? I do not have penitentiaries right now but I do plan on getting it what do you have? I have two dogs, two cacks you're going to put like 125 for penitentiaries my quokes have been more than that my quokes have been more than that what have they been? so for and this is just for my dogs for my dogs it's come to about 125 for both of them combined I have a 10 year old and then a I'm going to put 30 300 which that might be rough but again I don't know what's going to happen to you if you have like an emergency situation with your pets like you won't be able to pay for it at all you can't even pay for routine checkups anything else that needs to be in your budget that I haven't mentioned we got phone we got car we got utilities we got rent we got groceries we got necessities we got car insurance We got potential pet insurance, hopefully pet insurance.

1:07:46Yeah, how much in pet food as well? Pet food is usually part of my grocery bill. It's not, okay, well how much? Dog food is, because I get the big old bag, dog food is like$30 and that's like a month's worth. Cat food is usually the same for about a month's worth. Okay, so$60 for pet food. Okay, so you need a minimum of$4 ,416.22 to live on a monthly basis. Okay. payroll covered that i think that was above average month from what you were saying i work a lot of i'll work a lot of overtime and you'll need to and i am working on getting a part-time job okay because uber eating to make extra money just doesn't make sense considering the cost of gas otherwise i would do that because i'm already signed up for it on your car especially with yeah yeah no so i'm working on getting a part-time job i'm actually hopefully finishing the onboarding process for it when I get home today.

1:08:44And it's a work from home situation, so I'm hoping it's real. And if I can get out this car, I will. So you owe on the old car still? Yes. Okay, that wasn't in your credit. It should have been. I didn't have it, at least. You know how much? It was financed through Capital One. Was it not on there? Listen, when do you plan to go back to school? I want to be a nurse before. I'm 40 and I'm 34 now, so I have six years to get this figured out and get graduated. So sometime within the next six years, with four years to complete. So in the next two. But when you do, you're dropping your hours at work.

1:09:19I plan on doing it online and doing my clinical. Even still, though, even if you're like working, what, 60 hours a week right now? Yeah. At a certain point, and obviously we need to get the degree. We need to actually make it through your third attempt. With that, you're going to drop your hours. Like you will. even if it's just 40 hours i mean well oh there it is yeah no we missed it eight thousand seven hundred thirty two dollars you found it yeah i just got to the auto part of my thing so yeah that's right it's just part of me that just wants to voluntarily give your car in but only after we get enough money to get like a 10 000 car cash if you want to take your investing to the next level my new investing course is still on sale until july 1st we're offering the course for only 97 which is 50 off you'll get over 55 lessons the best budgeting spreadsheet known demand portfolio strategies worksheets retirement strategies and i'll give you a 100 muumuu cash reward when you sign up with muumuu check out the link below for more stop buying sweet treats people and start investing i've considered that and don't want to do that because i had to get a cosigner for this car.

1:10:34So it'll mess with their credit too. Oh, who's cosigned? My mom. Oh, you're a poor mom. That's another reason why I can't let it go. I refuse. I can't. Unless I can trade it in. I can't. Considering the issues it's given me since I've had it, I've considered it. You're just going to roll over the negative equity into something else that you're probably going to get negative equity in. I can't. No one wants to do it. Okay, okay. I need to think. A lot of these questions are still going to take minimum five, six years to fall off your credit. And I get that, and I'm prepared to wait for that if that's what I have to do.

1:11:14It's not what I want to do. But if this car breaks for whatever reason or something or gets a crash and your insurance isn't fully covering the remainder of the loan, it's like you're going to end up in a predatory situation again because your credit's so sh**. Again, how do you get a cheaper place if you're not going to get any. How much do you owe that past the compartment complex as well? Was that not on there either? No, we probably just missed it because it was just chaos. It was chaos. Okay. It should have been... It's fine. I put$4 ,000 because you said it was something like that. Something like that, yeah.

1:11:49So again, without you dealing with these, you're not going to get cheaper rent. But if we were able to save$600 on rent, that's$600 that can go towards paying off the car quicker. So, do you know how to, have you heard of negotiating in terms of collections at all? Yeah. Okay. And that's what I want to do with the apartment. That's why I'm waiting a little bit because then I can just call and say, hey. Once it gets into collections? Yeah, I call and say, hey, I'll give y 'all this much if y 'all just take it off. Yeah, and you have to do that essentially once a week until they, you know, you just wear them down and they accept it.

1:12:21Never give them access to any bank account information, by the way. No, never. But you're probably going to have to do that with every collection, starting from just smallest to biggest. Like, technically, you have money left over. So you just, my plan would be to stockpile that as much as you can on the next few months' basis and just start. First pay off the$63. But so the$442 is the smallest collections. I'd just say, I'd call up. I got$300. They're going to say no. You know, just call back every few days or once a week. do it until they accept it and then do that with every collections this will take a year or more probably because you just have so many things in collections but you're gonna have to do that with every single thing in collections you're gonna have to pay off your old car you might have to pay back to the apartment if they don't decide to get it to collections because i need you to be able to get into another apartment at some point it's like these things i'm okay with waiting for things to fall off credit and stuff but the thing is your situation is so scary that you're relying on debt and the only debt that you can get in if you need to is so beyond horrendous.

1:13:30Yeah. Because your credit is so f***ed because of everything you have in collections and there's payments and all that stuff. Okay. Let's at least just start base level. There's no excuse to miss any bill or be behind any bills. You have an extra$1 ,000 a month, at least according to your most recent month of payroll. Right. I've seen it. There's no excuses. I've seen it. I just wish I knew where it went. oh i i've already explained like here's your breakdown in terms of where your money's going like you're spending on category if you just spend what i told you to spend you have an extra thousand with the extra thousand let's say we're not even let's say we don't even negotiate the extra thousand with where your collections is you probably have what is that six thousand hours in collections then you pay off your collections in six months without negotiations and then uh then there's the old car and then the collections on top of that it's probably a year and a quarter year and a half, year and a half, you pay off all your collections.

1:14:25Student loans are still there and the Forge Edge is still there. Forge Edge would take

1:14:34like three years, two and a half years to pay off. Like, this is without any negotiations. So we're talking snowball effect? Kind of. Not really. Because if you were technically snowballing, you wouldn't pay on your collections. You would just pay your Ford Edge. But, I mean, actually, even technically more, you'd be paying your student loans and then your forage. That doesn't make sense. We need to improve your credit a little. In my perspective, again, I understand what you're trying to say.

1:15:08Bankruptcy is horrible, but you could do that. Already looked into that, no. I looked into it this week, actually. Okay. The law firm I talked to was rude and disgusting and ugly. and it was also going to cost$3 ,000. Yeah, bankruptcy isn't cheap. No, it's not. And honestly, with the money you have in collections, well, listen, afforded edge two and a half years, all the collections, including your apartment and your old house, apartment and your old car, even without negotiation, that's a year and a half. So two and a half years, year and a half. Okay, we're at four years. Then you only have the student loans.

1:15:44Student loans, I would just get on a traditional 10-year payment plan, just pay them. and then you know after those four years maybe go to nursing school then because i need you to make the extra money but let's call it being done with nursing school by 42 that's okay i mean it's two years i could do that but again that's without negotiating i think if you negotiate maybe take an extra year off of this anyway nursing school done by 41 so you know that's what i would do and then i would try to try to cash flow nursing school as much as possible go to you know do as much as you can at austin community college right it's really it's really cheap and of course the moment we're able to cut back on rent as well by maybe the first thing we actually do is pay the four thousand dollars from your past apartment and then try to get into a cheaper rent you know because that can then save us six hundred hours a month and all of a sudden our situation becomes four years without negotiation to three years and then include negotiation maybe we're out of this in two and a half you know there's a lot of options here literally it's just going to take work strategy actually responsibility, actually budgeting.

1:16:44Again, go through the education we're going to provide. Email us with any questions you have. Come on for follow-ups. And then just start negotiating the collections. Take care of the rent. Get into a cheaper place, which we know for a fact you can, literally just by scouring Zillow. And just don't be late on payments by actually budgeting. Take care of the apartment. Take care of the rest of the collections. Take care of the fore-edge. Minimum monthly payments on student loans until they're paid off on a traditional 10-year plan. six-month emergency fund, try to cash flow, nursing school as you can, and then just live a good life.

1:17:18And you need to start contributing 25 % of your retirement after that so that you can have a decent retirement. That's why I plan on being a travel nurse so I can build it up kind of quicker. Then that's great. You can also wait a long time to have these fall off your collections. But, again, that's going to make it harder for you to get a cheaper rent. That's going to make it harder for you to get any other kind of debt if something bad happens to your car and you don't have an emergency fund. So you would need to like open a credit card and, you know, get groceries if you get laid off or something.

1:17:47So, you know, it's just like that's your credit holding you back right now is very scary to me, but that's what I would do personally. I know it's a little more up in the air cause there's options to choose from, but that's how in general I would go about it. Now it's going to take you sitting down looking at your past month spending and fully budgeting it out for a few hours and do that every single month. And it'll get quicker and quicker every time. it'll be like 30 minutes eventually do that and actually strategize this thing and be in touch with us and we can help with that hammer financial score make sure you guys stick around for the post show we're gonna bring in the producers and they have extra drama in your life and stuff that they know about that we probably didn't have time to get to we're gonna have fun talk about some extra tea the extra 20 minutes your hammer financial score spending a budget you're overspending by a thousand dollars So 0 out of 10, debt you have, collections, 0 out of 10, emergency fund, you don't have anything, 0 out of 10, retirement you don't have anything, 0 out of 10, real estate you have nothing, 0 out of 10, hammer financial score, 0 out of 10 as you guessed.

1:18:47Make sure to stick around for the post show and check out every resource linked in the description below where you can get the budgeting program and the investing program bundled together at a 15 % discount and all the resources are there as well. Now join us in the post show. Today on the financial audit post show. So who's were you looking at? I don't know if it's. Was it James Charles? Ah! He plastered that shit everywhere. No, never. He didn't even show anything. I'm over here spending my money and I'm not even seeing anything. What a tease. I show these guys right here in the camera, my hammer dump truck every day.

1:19:26And I do that for free. To watch the Financial Audit post show, click the join button below.

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