Nasty Karen Hates Me | Financial Audit

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0:30in Austin and this is Financial Audit. What do you do here in Austin for a living? I'm an advanced practice nurse. I work in Jerry Psych. Very cool. We've had quite a few nurses on the show. Love that. My mom's a nurse. I'm a fan. Great, great, good. You can't be that bad. Well, we'll see. But what do you make? $132 ,000 before bonuses. Damn. So this is why you thought you could get a nice car okay i mean i had just gotten a bonus i got i asked for a six percent raise last year and did they give it and they gave me a 15 raise which doesn't really make sense but and so i i and i at the time i was living in a house for six years everything was stable um and so i felt like it was it just fell in my lap essentially so what about the bonus what's coming in there it's always the people that make the most that somehow get trapped themselves the most yeah what what's your bonus um uh it's based on productivity so i get a little i get a percentage of what i bill each month i get like 30 so it's based on how much work i do so the 8053 that hit your account was that including any bonuses no that's every month when are the bonuses normally hit uh every six months so i'm due for my my so months january through june i get in july and july through december i get in december and what did you get your last bonus um the end of it's usually around 5 000 okay well i mean that's still great um in terms of your income already being huge it doesn't move the needle in a like crazy direction but it is still obviously it's probably with like because my mom is an accountant she's a cpa she does my taxes and so she it's every year it's basically maybe like 142 gotcha so because you bring in eight thousand dollars a month you decided you wanted 20 of it to go towards a car yeah at the time well your retirement isn't huge for 40.

2:45no um at the time so when i bought the car that i did there is a reason i was already looking i was already looking into three different kinds of cars i love ford i'm a ford we're a ford family i had a ford edge why is there loyalty to a car brand for a family. It's what we've always, why don't we just get the car we can afford? Yeah. At that time, Ford was affordable. I mean, Ford is not affordable now. And for the customer service that it was, I was tired of being dicked around. Essentially. I know there's something wrong with my car. I take it to them and they take three weeks to figure it out.

3:24And I was tired of being, they were incompetent. Okay. And so I wanted to buy a car that had good customer service. and so i researched a lot and i was just i just happened to go to the porsche dealership and the car that i got is pre-owned it's not a brand new one so i'll spend a thousand five hundred hours a month and i used car okay sure well customer service is excellent and um it was only 20 000 more than what i paid for the edge that doesn't mean that the edge was a good choice either though i've never paid twenty thousand dollars a month for customer service before yeah you're right it's an interesting customer service bill true do we put 20 aside on a monthly basis when usually we save retirement for last let's just go there do we do that when uh this ira here is sitting at twelve thousand dollars twelve thousand dollars and we put fifteen thousand fifteen hundred dollars a month towards a car towards a car yeah in what world does that make sense i mean it didn't eighteen thousand dollars a year do you have retirement outside of this ira nope my my employer gives me they match it you're where i'd want someone to be at like 26 27 yeah how in your mind are you possibly justifying such a big customer service customer service i know so we're gonna we're just we're gonna not retire because of customer service i also wanted it you what i also wanted it well yeah i mean i i hope so i hope you didn't get a car i hope you were like i hate this let me get this of course do you want to retire yeah oh okay well that was a very unconfident yeah i mean i at some point yes i will retire you will how are you getting there because right now math is not math and yeah i understand they're gonna have to push the retirement age for social security and everything like that for full benefits i doubt i'll get social security why i i'm not very hopeful the way this government is going okay so then let's pretend that's also why so now what's your plan well yeah good point you know you're in an insane mountain of debt you've lived your life by debt like debt should be tattooed across your back or something because this you are in so much debt yeah and we have for your age not great retirement yeah when did you get the porsche april of 2023 last okay a little over a year ago yep and i will say i did not create all this debt I inherited some of it.

6:15What do you mean inherited? Like I took over some of my mother's. Credit card debt? We have the same name. And so a lot of times. Yeah, but were you on it? Yes. Oh, you were on the credit. Yeah. Well, that's okay. That's not inheriting. You took it on by being. But I took it on and I did not know that there was so much when I started making more of my own money. Why were you on her debt? why are you authorized users and stuff yeah we i mean she built my credit from when i was in high school we started building my credit when did your mother pass she did not my dad did my mom is still alive so you're just helping her i'm helping her when did you start helping her about 10 years ago okay well that just makes no sense i mean let me just call that out immediately this card this first card and a lot of these cards are basically maxed out so if we've been helping for 10 years we've helped about a dollar a month i feel like i'm drowning i i do feel like where's the help you say for 10 years where's the 10 years gone right but it what happens is i pay more than the the um minimum payment every month and there for a while i was giving them a thousand dollars a month and i was paying it down and then when my dad died we just had a lot of extra stuff And then the cards went back up.

7:37When did he pass away? 10 years ago. Okay. Okay. So what I'm saying is right now, and this is partly why I wanted to come on is because I know that something's got to change. And what happens right now is I pay all my bills. But then at the end of the month, I need to go to the grocery store. And then I end up using a card to go to the grocery store or something like that. And so. What's your rent? Do you rent? Yes. What's your rent? $24.95. Do you have... Are you the only one there? I'm the only one there. My mom comes and stays with me about a week or two every month. So she has her own room.

8:17Why the f*** do you rent so expensive for someone that lives alone? Austin freaking Texas. No. No. No. Yeah. There's rent for 900 bucks in Austin, Texas. You're not going to live in a thrilling place. Why is your rent$2400? I also have a grand piano and a grand piano does not live in a studio apartment. Get rid of it. I don't give a s***. Yeah, I do give a s***. It's not easy. What's not easy? That was a gift my dad gave my mom on their wedding. Can it be in her place? No, she lives in a one bedroom house on a ranch with my brother. Okay, get a storage unit. No, I play it. She plays it. Play it in the storage unit.

8:58what so because it's easy for you to say that but what i'm saying is someone who loves piano yeah sentimental value attached to this we've already made it i've already had a discussion with my mom to sell the piano it kills my soul to sell that piano but you're gonna sell it i've already had i've looked into it but they're not they're it's too old they said i can respect sentimental but you just said that after everything is paid your groceries have to be put on debt and I can see immediately because of the sentimental piano, the space that it needs, you're spending minimum an extra thousand hours a month than you need for a place to live for yourself.

9:36Correct. Noah, what's your rent? He's$1 ,356. He lives in Austin. Jake, what's your rent? $2 ,200 with his fiance, two of them living together plus a roommate that will be joining. It's just you. It's you and a piano. It's me and my mom. I take care of my mom when she's here. Yeah, when she comes, which is... Right, which is when she has doctor's appointments and she stays for a month at a time. I can't do that with a roommate. Did you know that changing jobs every two years is one of the best ways to boost your salary, giving you more money to save for retirement? So many people totally forget about their old 401ks or don't want to deal with the rollover.

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10:56Finally, Capitalize handles the rest and you can start in just a few minutes, saving you time and ensuring you peace of mind. There's no time to start like the present. So check out my link in the description below to roll over a 401k for free today. You'll wish I had told you this sooner, so remember to check out Capitalize to consolidate your retirement accounts. But you decided to get a Porsche. Yeah, I did. And you can't pay for groceries? I think that's a self-inflicted that's you that's you making a choice because of what wanted you wanted so self-assessed where do you think you are 0 to 10 your finances ranked your overall financial situation 0 being the absolute worst anywhere 10 being the absolute best I could be found in the history of ever where are you?

11:41probably a 3 it's optimistic for someone who can't buy groceries but if you want your hammer financial score get it for free link in the description below you can also apply to be on the show So if you have a grand piano that I want to set on fire, that would make good content. Apply at CalebAmmer.com slash apply. I don't want to trust yours on fire. Sentimental. But also, how much could you sell for? I was hoping 15 grand. But the guy told me that there's not a market for grand pianos right now. There's not? He's got a bunch in his showroom and they're not selling. So he's like it's like a market.

12:21So I'll call back in six months, but I don't want to do it. Storage unit, dude. AC'd. Temperature controlled. And then that's another bill. And that's another bill. Yeah, but if you're saving$1 ,000 on rent, I think we can afford$100 on a storage. If you're not willing to change anything, there's no point. I've already... What are we doing?

12:47Yeah. All right, let's go through your debt. we have a capital one venture card maxed out been trying to pay for 10 years maxed out you didn't tell me how paid off it was then what happened then my dad died in 10 years ago though and i'm very sorry about that but 10 years ago so that's you know 1 ,200 a year and then trying to take care of my mom my family lives in germany so we were trying to go there for christmas every year it's what it is it is what it is okay when did that stop when we would determine like okay that doesn't make sense for us financially well we're not going this year but they're coming so last year was your last so you did this last year we go every year at christmas yes okay so since christmas why is only 200 paid off then when the minimum payment is 434 now sure it accrues 287 dollars of interest so it's basically i'm giving them 500 a month and it's really only hitting 300 can you answer my question though why i told you why it's only 200 since December?

14:01Because it's been used. I mean, my dog's my dog pet what is it? You know you make an insane amount of money, right? I do know that. Yes. And like I said, every bit of it goes to something. $14 ,779.10. That's an insane amount of money. And we owe $434. all right everything does go to something including five percent of your money or four hundred dollars five percent of your spending or four hundred dollars went to going out to eat yeah and i think that that could be better uh yeah i'd say it's about four hundred dollars too much so we already established that four thousand hours came in how much went out spending debt increasing what went out of what everything your entire finances how much went out how much left left my bank account left everything well you just said 400 to eating 400 went to going out to eat uh-huh 4 ,000 came in right or 8 ,000 came in sorry how much went out oh all of it but 300 i have probably about 300 at the end of the month 8 ,222 went out yeah so more yeah would you like to know an other reason why or would you like to know the main reason why the credit card is not paid off since december because i keep using it 323 dollars of purchases what is the point the credit card balance went up on this went up on this by 10 even though you made a 600 payment which is over the minimum payment but you paid over the minimum payment it doesn't it doesn't even matter because you went and purchased 323 dollars and then 287 dollars of interest accrued bring it to$14 ,779 on a$15 ,000 credit limit.

15:55What are we doing? What was it? I know what that was. What was it? I was with my friends and her daughter had a birthday and they all pierced their ears and I pierced mine too. Incorrect. Amazon. Amazon. Amazon. Three Amazons. Yeah. $69,$118, $61. Yeah. And Banfield Pet Clinic, but that one's okay. Yeah, Banfield is put it on a credit card uh that was supposed to be the only thing that's on there kind of helping it i was told to yeah so you have you pay off your credit card and then you have how's that going yeah it's not going well obviously or i wouldn't be talking to you then obviously it shouldn't be on there yeah so why is it still on there banfield yeah it not a checking account okay what but okay and i like pet insurance trust me some people are against that but it's personally saved me thousands of dollars so i'm not against that but on a credit card that we can't pay off and it's accruing interest and the balance is only going up and it's almost at the credit you're right i should move that to the to my what do we get on amazon um things here and there it's should you pull up the app should we take a little peeky well i share it with my mom so it's sometimes sometimes she i took all my stuff off of the amazon app because sometimes if her um they go to the next payment like so she's paying for stuff for her and then if she doesn't have enough in her checking account at the time because she didn't get social security or something it goes to the next one and i told her it's got to stop because i didn't want to get it out of my checking account so i took my stuff off of amazon but it's little things here and there like a baby shower gift or or hosting something or um oh yeah that's how it works it is and i have not been on amazon in so all three of these were her i have not been on amazon in the last month or two uh you told her to stop she didn't stop after those i told her just i took my stuff off so be honest with me how much of this 15 000 is your mom versus you um so the way our family works is like when we go on a trip i i pay for us and so i know it's but it's mostly mine i mean i will say it's mine it's from i mean i will take ownership of it why are you paying for everyone's trip it's just for me and mom just for us like our airfare or whenever we it's what's mine is hers and what's hers is mine it's like we're i know but it's how old is she 76 okay how's her retirement she sold her business she had her own business and she sold it oh how'd that go i mean she cared more about the person taking over and having an opportunity for her that she didn't sell it for as much as she could have okay the is she aware that she's going into debt for you she's aware that it's ironic because she's she knows money she's an accountant she's a cpa my those on this show my growing up it was um like i could hear her say it's only money so it it's only money and that i that's a dangerous mindset it's a it's a not a it's not a healthy mindset it's but it's not a bad mindset mindset either but when i grew up look at where it has landed us exactly and that's where we are now because at the end of the day when i was a kid if we needed it we got it and that was they were in better shape than when my brother my older brothers were kids and so it was just a different mindset for them when they raised us and trust me i've had him on the show multiple times accountant does not mean knowing personal finances i mean my i love accountants course careers offers an accounting certification now absolutely love it accounting is a great thing to go into does not mean they know personal finances this is sitting at she wait a second now it's saying the balance subject to interest rate is fifteen thousand twenty $47.

20:22What is happening? Wait a second. What are we doing? It's a 23.24 % interest. Yep. Okay. Visa. USAA visa signature. It's the lower interest rate, which is... I've been trying to pay that one off, but using lower... More purchases. Trying to pay something off does not equal more purchases. You say you know, but why is it happening then? if I know I'm doing something bad that I'm trying to stop doing to get myself out of a situation, like, I'm doing it wrong. Yeah. So why are you doing it? Why are you continuing this madness? Why? I'm telling you. Is this her too? No. Okay. The USAA has been... Yeah.

21:20That's not an answer. I mean, what do you want me to say, Caleb? I want to know why. Why? I'm telling you. Yes, why are you spending on it? There's things that I felt at the time that I needed. What did you need? This year, I think I put my gym membership on that one. No, no, no. What are you doing? What are you spending on here right now that you needed? What are you getting? What are you looking at? USAA. Yeah, but when? Because I haven't used them in a while. You sent the most recent statement. So it's your most recent statement. In June. Sure. Yep. It is three days into July. So what did you need?

22:00You say you use it for the things you need. What did you need? At the end of the month, I told you this already. At the end of the month, when I don't have anything left in my checking account. Can I see? Oh, one second. It's a little secret. I'll let you see. What did you need? Something. Yeah. You needed it, right? I guess. Yeah. Starbucks the are we doing yeah so so let's go into more debt for some Starbies it's not even pumpkin spice the season yet yeah I don't like pumpkin spice but I will say I something happened my Apple pay used to be on a different card I know and it and I'm telling you so you should still buy Starbucks even if it's on a different card you have do you know how much credit card debt you have yes I do how much a lot that was not a good number I have a lot I know I do and i'm telling you this i know coming in i spend i can change spending on food and and coffee why haven't you then what's different i what is different now you walk away from here how is that different uh something changed when i mean i'm here i get that but i can't excuse that yeah i can't excuse because people walk in here all the time they're gonna say i i change i'm changing my spending i changed it in the last week things like that that doesn't make any sense that doesn't make any sense i have you this is you on paper your finances but you're looking at one thing two two and it used to be more so that means this is okay it does i'm not saying it's okay but then what was that trying to excuse them that it it has cut like it i've i've spent less uh-huh but just still still I know, but I'm just saying that we have to start somewhere.

23:46Do you want to high five? No. Because this is still horrendous. I know. Okay. You don't have to keep saying that it is. Yes, I do. You don't. I know that it is. Okay. Usually when people know things, they then would change it. Yeah. But you haven't. So maybe I do need to keep saying it. Okay, keep saying it. Okay. Trust me. I will. It's my show, girl. Hear yourself sing. Hmm? Hear yourself sing. Beautiful voice. So a really exciting thing that you guys should be thinking about is we now have all these extra things with our YouTube membership program. You can sign up for our post show. We talk about extra drama for the episode that we didn't have a chance to dive into.

24:29Why would I want more than one stripper? I don't even want one stripper. You don't f*** them. You just touch them and you move on. Why would I want to do that again? Because it's fun. Is that? And it's awesome. You're good. Hey, bro. How is Caleb as a lover? I would give a solid nine. Wow! How do you get to a nine? I just don't know how to answer that because, I mean, I just do. I just do. For the upper tier memberships, all the people from the crew from over there, they come together, they make a crew cast, and they talk about the behind-the-scenes content and how we do everything here. I feel like I don't want to contribute as much because I'm already so much on camera.

25:02That is the greatest thing I've ever heard. Twice a month, Noah and I come here, we have a live stream with you guys, and we hang out with you. We answer questions. We chat it up. We talk about the show. We just have a good time. Caleb reads that book every day. I actually wake up and then I gooned that book in the goon stream. And then most exciting, right here at this table with even more pie charts, we have an exclusive, uncensored, ad-free financial audit episode for the top tier members that no one else gets to see anywhere else. Consider joining because ad rates are always up and down. We're trying to build something great here and I wanted to make sure to provide the best content and the most amount of content that's ever been in a youtube membership link in the description below you're sitting at 15 400 no no no no no no no no credit limit is 15 900 you're sitting at 15 442 so it's the perfect time to get some sarbys 95 cents and also donations i mean you donated to act blue we have credit card debt but we're donating hoping they're gonna forgive your credit card debt um then that's fraud i didn't do that you didn't vote to no and i will not vote but donate to the isn't that democratic no heck no okay well yeah looking at that because that's scary and you might have to lock your credit as one yeah interest accrued 145 and 34 cents purchases 86 makes no difference because i mean you put 300 towards it but we only went down 70 bucks and then there was also i don't know what this is but favor surid said bro yeah um it's like favor uber eats doordash I know I know it she knows but she doesn't not do it so what can I do if you know everything I mean I don't know everything but I do know when I'm doing something wrong but you can keep telling me my error so every day I walk into the office my producer over there who makes me suffer during the post show good I make him suffer I slap him in the face I give him a big old morning slap now i know that's wrong i can announce that wrong what if i slap him tomorrow like what are we doing you know that's still wrong if you know this is wrong that doesn't excuse you doing it that doesn't mean it's okay no i'm not saying it's okay i'm just saying i know where i can improve you can slap him in the post show if you want okay I don't slap, I punch Even better But it might not be him It could just be you Why?

27:54I'm the one actually trying to do s*** here You're just saying stuff What do you mean just saying stuff? Calling you out for your bulls*** You're calling it out I think it's very clear that you've never been called out on your bulls*** From your language I'm pretty sure that I've been called out my whole life Really? Yes okay so maybe that's not your i act blue this is my friend she's running for uh city council okay i didn't let you finish then yeah that was just uh thank god it's not fraud yes yes i am glad it's not fraud because then you'd have to go punch the fraudster too yep okay but i have been called out my whole life i mean i am the youngest of four brothers i have four brothers so maybe calling out is not the best strategy for you because look where you are this is some of the worst that i've ever seen in my life you make so much money you can't even survive so i don't think being called that works for you we could just duke it out huh are we gonna fight i can't hit a woman that's what they all say well i mean you would still probably kick my but i couldn't hit a woman like okay this is a torrid it's a credit card it's like yeah it's a clothing store okay and yes it will be paid off in two months why or how or what because i will pay it off yeah but i asked how with my money well you said you don't have anything left over at the end of the month you can get groceries what money right you spent 300 hours more than you brought in this last month what money at the beginning of the month i pay all i pay on these bills i just paid off a credit card this month i'm going to spend that money and the money i already put towards toward to pay that off and then i'll pay it off again and i have a bonus coming in july but i also have to pay the irs because i owe taxes i know so oh good yeah how much do we owe how much do we owe the irs 1300 okay it's the first year i've ever had to owe so they already withhold the majority that can be withheld from my every month and then now i owe still basically i just want to get to where i'm in a better place so that i'm not angry all the time about it are you angry all the time about it yes so i spend you spend like thousands right unboxing it's a unlimited annual membership yes how much 1900 i'm grandfathered in at the the that price now the same membership is 2900 just go fight a dude on sixth street or something no i'll go to jail true but then if you're in jail you can't spend on your credit cards nope they're still on auto pay 32.24 interest rate on here yeah interest charge we did it we did it ladies and gentlemen we have a breakthrough we figured out how to not spend on a credit card i told you i i don't spend all the time okay well all right one come on well allow me to have that little celebration oh good job you're encouraging me thank you noah said the passive aggression in this room is making his skin crawl

31:26i don't like passive aggressive i just like you don't aggressive aggressive is what i like more i don't like you don't like passive aggressive no that's why all the dripping disdain I hear is just blowing my mind. I give myself some passive aggressive, absolutely. But you don't think you're passive aggressive? I can be. There it is. $5 ,221.95 on a Quicksilver card. Yeah, that's the smallest one. That's one I usually like to pay off with my bonus. But I've been trying... But you usually like to pay off with your bonus? So this is an ongoing thing. So what are we doing? Why is it built all the way back up?

32:07yeah so okay okay and i can't celebrate the last one because if the last one's being paid off with your bonus historically that just means it's gonna go all the way back up how does that stick how do we know it's gonna not get paid all the way back up well i mean i can tell you that i'm making a change because i'm here today but but you're not gonna believe it well just what can i do with that would you believe it um you know how many conversations i've had here i know but would you honestly believe that be honest I believe it for myself but if you don't know you you don't know me so would you believe it nope you're going to think like I'm like everybody else a dumb mofo I don't think people are dumb mofos but look what you have you have a discipline issue you have a behavior you have a tendency this is your entire financial history written and stone right in front of us you're literally coming on here and now that you're being seen by people you're saying you're switching everything i'm not switching everything but i do agree i have a pattern but i'm telling you in the last six months to the year the pattern has changed you didn't you don't have evidence of what it was before is what i'm saying i don't know that's also something that a lot of people say they say because it was worse it's better now fair i'm down to one shot of heroin a day versus two yay my life's great fair so i'm just gonna f*** me speaking of we're back to it oh we're back 458 dollars of purchases which i mean we put a 500 minimum monthly payment towards it but of course the credit card balance went up by 100 bucks or so 70 bucks you know my goal my goal i mean i don't know if this matters but my goal is to keep venture and usaa keeping paying down and i get it it's it hasn't in the last few months but the quick silver card is a smaller one and any purchases that i need i usually try to consolidate it to that card have you ever budgeted legitimately here's this but what is that i like the overview more than the details this i have to sometimes the details matter i know the details matter but i i don't i saw a calendar no you saw a calendar it's it looks like it can oh that expense tracker okay so okay we're tracking the expenses well what are you doing with that are you using that and adjusting nope okay so then what's the point of tracking expenses yeah all right just like anyone who comes on the show go through the budgeting program go through the budgeting program we worked with the experts we created what i think what i legitimately think is like the best educational program i will say i i've never really budgeted details this is what my mom's done for me i have not opened this up to look at it until now okay yeah i think i think we're not relying on mommy anymore to help us with our finances at 40 so go through our educational thing i understand quizzes learn it yes yes i also know she's not going to be alive forever so there is an extra i want she's not I don't know what I'm saying yeah you don't I'm in a mood right now yeah you are okay well it's because of you well you refuse to sign our paperwork for like 30 minutes yeah we're on like an hour delay right now so okay so we're sitting at$142 minimum monthly payment right oh good went inside a store got some bull yeah now we got groceries okay you know i wouldn't put it on a credit card but i'm not gonna like knock at groceries and i purchase on apple or an apple subscription will do that instant ink netflix i mean there's nothing on there anyway so this is like well nothing good well and that's the only sub the um streaming service that i do you pick the worst one what's the one that's not Sure, there's like Peacock and stuff.

36:30Yeah, I mean, yeah, it doesn't matter. But I cut cable. I cut cable. I only have internet. That's good because there's really nothing there. I mean, except for football. You're right. Who are you? Or what's your team? Well, the Chiefs before Taylor Swift, but also the Cowboys. I'm sorry to hear that. I know, I know. 19.8 % on here. Okay. we have a swifty in the office you guys can fight after the show because i think you're ready to fight everyone it's true city bank i think oh that's that's macy's that will be paid off by the end of the year hopefully okay but yeah well i love the plan i mean yeah yeah pay it off but again but that with where these are what is going to prevent you from building it off with That's my concern.

37:26So I agree. Macy's was paid off completely for years. And then Christmas shopping. And I know you're cringing. My nephews, my nephews and my niece, they're 28. They're older nephews. I love to spoil as well. One of my love languages is gift giving. So I get it. But also like you gift yourself getting out of debt. yes and and this this year i mean it's going to be easier because we're not going to germany but um yeah i just the interest rate is going to go up on that by the end of the year which is already the highest one and so i i know that and i need to get out of it okay so for the macy's car the city bank we're sitting at four thousand six hundred sixty three dollars and 34 cents that's your car payment rent that's killing you you could be out of debt like so quick you have no idea but you decided to get a stupid car and your rent's ridiculous yeah you might honestly have to choose between your rent or car because you've lodged you've just you've you're spoiling yourself and you have nothing in retirement for your age how long have you been doing nursing this will be my sixth year seventh What were you doing before that?

38:45I was, my undergrad was in architecture and I wanted to get a master's in architecture. The economy turned. I went to nursing because I could not lose my job in nursing. Okay. And so I made that decision, became an advanced practice nurse. Why do you have so little in retirement by now? i so my i put 300 i was doing 350 360 a month in and then my company matches me there would be a time hopefully that i can do more but i went down to the lowest possible each month to match the maximum so that i could have the flexibility to pay off other things are you gonna be able to handle the here's the car here's the car this thing's insane and we don't have the value because Because the VIN thing that you sent didn't work.

39:38What do you mean temporary? Like it'll be done in another four years. Like that will be paid off. Well, yes, all debt's temporary. All debt will get paid off if you pay the minimums. That doesn't mean this is... It's$1 ,500 being stolen from you. You're gonna have... You might have to choose between the car and the place. Yeah. Let's play hypothetical. Gun to your head. You're inside of an elementary school. What would you pick? a the car or your rent i take the gun and shoot the guy you probably would but if you had to pick one like legitimately which one would you choose rent okay so you can keep the the piano no i would choose the rent to to get rid of yeah so you would have to get rid of the piano right or put it in a storage right ac yeah so 6.29 not the worst rates we see here but certainly not good especially with depreciation and everything i mean you're definitely losing value on this but usa has a good um interest i mean they have a good deal what's the good deal that it's a lower interest rate everyone was getting rates like this are better when you got this car that wasn't a usaa thing so i don't you you seem to have these interesting loyalties to companies and you're gonna just allow them to do whatever i i know that the dealership could not beat it well no dealerships no they're no uh-uh loans the dealership unless they have like a zero percent thing for like some deal or something like yeah so it's wow 1450 a month that's crazy yeah that's a good deal it's a great deal what do you think this car is worth have you looked do you can you text Noah the VPN photo so that we can get the value on this car done is that it cool so he'll run that what do you think the value of the car is what do you think it is I mean I don't think it depreciates as much as other cars I mean I bought it for $89 Nine.

41:51And I don't know. I've never looked into. What do you think it is though? Like how much it would be worth now if I sold it? Private sale. Maybe I could get$90 ,000 for it. Okay. She thinks it's worth$90 ,000. Let us find out. Great. Prove me wrong. Oh my. What are these? Are student loans? Oh my. They're like 7%. Yeah. Oh my death. We're sitting at$93 ,000 of student loans. Yeah. Of me. Yep. it's the reason why i have the job that i have now but if i don't have any other debt but student loans i i would be sitting much better obviously you probably don't qualify for any like lower payment plans oh well what are you in do you are you working in the public sector so i applied to have um i work in a not what's the you can get your student loans forgiven if you work in a a lower income area lower income area but also like a poppy like a marginalized population okay do you know what i mean what's the program called i don't know i because i know like rural hospitals like you can do stuff yeah and when i i first applied to a job in like rural iowa not iowa illinois not illinois where's indiana and that gary well that was uh it it applied if i had gotten that job there because it was a mental health doesn't even matter so it's not what you're doing now but but what i'm doing now it is still i mean it's it's older population mental health have you confirmed this that it qualifies under the plan it does not qualify because it's private practice so okay well there we go so what is your what's your minimum monthly payment on these uh 330 330 something it used to be 670 okay so what did you do you did you expand the payment period Well, no, I tried calling them and I said, I can't, like, I don't have this allotted to this.

43:52Is it because the student loans just came back into being paid like this last November or something. And so I tried calling them. I was on the phone for an hour and a half. No one picked up. I couldn't chat with anyone online. And everything is a scam now that I didn't want to just call, like, have anyone call me back. Anyway, no one called. I just said, I'm just going to stop paying it. I'm not going to pay it. And someone will call me. They did. They called me and they had the lower. They did it automatically. Well, you were lucky because if you were doing this starting like now, they would be garnishing your wages.

44:28You had a year grace period. Yeah. It just bothers me that they don't have the flexibility to actually provide good help for you. and then they just take again just take your money you make 142 000 hours a year after bonuses yes no offense i don't think you're the one that needs the extra help no i know but also i'm not going to worry about the student loans when i'm going to be i know i'm going to pay on them forever i mean if you're on the traditional payment plan it'd be 10 years remember temporary like the car yes if that was the only thing i was paying all right yeah instead we decided to go into a bunch of credit card debt and stay there because we keep spending it and even when we pay it off with our bonuses we build it all the way back up again which means we might do that again so who knows in our checking account we have 252 dollars 257 dollars you venmo out like crazy who are you venmoing so the venmo is uh like um i meet with a small group on on once a week and i hope we all chip in for the meal uh we share dinner and so venmo out weekly for that if i go out with uh friends and then they pay for the bill we all venmo in so we work venmo a lot gotcha venmo venmo yeah venmo venmo venmo venmo venmo nails let's see those let's see those things uh nope oh the other ones yeah let's not see those things nope george they were that was in the beginning of june that was when i was in dallas with friends george cafe pizza hut burgers peteris einstein's bagel bros coffee the new coffee kebab venmo venmo venmo the austin stone black space coffee kebab sonic venmo venmo target you never really know what that is el chile cafe porsche porsche porsche what did you get like a vending machine in porsche or something einstein bros rudy's country that is some barbecue venmo venmo venmo venmo so it's also probably going out to eat which by the way now we can incorporate that into your going out to your going out to eat is probably more like 500 a month 550 maybe 600 einstein bagels venmo venmo venmo and you thought your car was worth 90 000 right i'm guessing it's not uh you owe 65 on you could probably sell it for 64 64 65 so you're actually not underwater and if you are it's not dramatic yeah which is good because you probably put a chunky down um i not not a big chunk okay but you've been paying for a bit yeah a year saving 629 yeah i i yeah i'd like to save more out but i'd like you to as well um i will say that einstein bros i used to i used to give more to my church in the beginning and then when i um i i reduced that significantly because i i wanted to save the money to pay for the irs to pay the irs yeah you got to pay the irs so hopefully i mean my my goal would be to be able to give more yeah you can give anywhere usually the best way to give though you'll give more over the long term if you dedicate 100 right now to getting out of debt and having a fully funded emergency fund once you get that you can contribute 20 25 to retirement people have a larger amount to give over a long period of time and that that's my goal i want to be able to steward better and be more generous but yes i know you're eating out every day so you're not getting towards that goal and if eating out every day is better than it was six months ago like what are we doing no i mean it's what are some other goals you're trying to do other goals uh besides getting out of debt so i mean buying a house is okay that's a big one and that's that's kind of what's awakened uh let me look at this a little bit more carefully okay buying a house when um my lease ends next july and so the idea would be a year from now yep Oh, a year from now?

48:40If it's not the right time, it's not the right time, but I'd at least like to get in a better position. Well, I mean, trust me, I would love for people to buy before the rates start going down. I don't think they're going to go down quickly unless something crazy happens. But either way, that doesn't mean it's the right time for you. Next July. What price range are you looking? I got a pre-approval if I were to buy tomorrow. You got a pre-approval? man this economic system is wild okay i mean if i literally can't pay your bills but okay no if if i were to i'm not doing it but if i were to buy tomorrow he said that i would be pre-approved for four 450 yeah if you're out of debt with your income you could do better yeah if you want and i i agree and that's that's my goal and depending where in austin four hundred thousand dollars is kind of a basic starter home.

49:33One of my editors who's been here the longest is getting a house right around that price. Yeah. Yeah. And it's very much a starter home because, you know, it's a starter home. Right. I guess this would be yours as well, but, you know. Yeah. But I also would rather not have a huge commute to work and all of that. Oh, well, I guess that's okay then. I mean, you know, trying to get picky about it. I mean, it's icing on the cake. It's not an ingredient. So let's talk about, we'll get your budget, but... So you said you'd rather get rid of the apartment than the car. It's a condo, yeah. And we'll see how much money you have left over or don't have left over here when we go through the budget in a bit.

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50:56Your lease is up in July of next year. So you just re-signed? I signed a two-year lease last year. I will say what part of why I'm in. What kind of Porsche, by the way? A 21 Macan. Okay. Turbo. Why do you need a Porsche? I don't need it. Then it looks like you can break even on it, selling it. That's a huge debt to weigh off. Massive minimum. How much is your insurance on it? Three something. Okay. So, I mean, we'd save money on that probably too. Because expensive cars, more sporty cars, they're more expensive. Yeah, because it used to be like$150 and I think it went up to$200. I'm going to choose for you.

51:41Gun to my head. Sure. You can do it. Get rid of the Porsche today, dude. Seriously, just put it up somewhere. Someone's going to be like getting all hot and bothered seeing a Porsche on there. they're gonna buy it you know and then what do i drive you get a ten thousand dollar car you get a loan for that but you're paying off a ten thousand dollar loan at a higher interest rate probably but you're paying that off quick because we're going to put it in your debt payoff strategy but that's paying off ten thousand instead of sixty five thousand that is also going to bring your minimum payment down to like four hundred from fourteen hundred imagine if we had an extra one thousand dollars a month to start throwing at this stuff i your goal is to get a house your goal is to get debt free your goals have a fully funded emergency fund and give more i want to get to you to those goals so let's get to those goals how do we get to the goals we have to sacrifice some of our wants right now and right now this car is very much a want you do not need this this is not necessary for a daily commute who gives a you can you make a lot of money your income is only going to go up from here because trust me people aren't getting healthier so you can get this car or a better car in a couple years what do you care about more getting a house or keeping the car i mean i care about getting a house then let's get rid of this thing dude i don't think it needs to be a part of our life right now i really don't i'm sure it's great i'm sure it's fun what's a zero to 60 do you know uh it's 3.4 seconds that's pretty okay so yeah that's fun it has sport mode and sport plus wow and i drove it at coda all right fun yeah that sounds fun not necessary not necessary exactly so let's get your budget so income we know 8 000 bucks comes in and bonuses twice a year 5 000 each just about your debt minimum payments this is before you sell it let's let's figure that out first then we can see what we can save is that the keurig coffee that we have only the best at hammer media With a packet of hot chocolate.

53:51Oh, man. Living in luxury. Your debt minimum monthly payments are$2 ,997.15. Then your mortgage... That's crazy. Of course, half of that is the car alone. The credit cards have insane high minimum monthly payments because your debt's great. I'm worried. What's the... I get so lost in all the documents. your total debt is your total debt is a what yeah because the pseudon loan is 199 yeah and none of them are at a good interest rate for what they are none of them we're at 200 000 that's that's wild what's your rent again 24.95 yeah utilities on average um about 190 for 140 for water and then 250 for electricity a little bit more in the summertime but i try to keep my ac down we'll say 400 then internet um 67 renters insurance um it is i have this um renter's insurance is probably about um three three three hundred every i pay it once a year i think renter's insurance okay 300 divided by 12.

55:39We'll budget in 25. Gas, vroom, vroom, drive, drive. About$75 every fill up, which can be once or twice a month. Okay. We'll say$150. Yeah,$100. Car payment, we already know that. Car insurance? Car insurance is on there. It's three. That's in with the I don't have the car insurance. That is 276.32. Okay. TP fund. Anything else you need to survive? $100. Grocery is$300. Your gym is$2 ,000 a year. Buy that by 12. Budgeting$166 for that. What's your pet insurance again? $65 a month. but she's having she was attacked last september oh my goodness yeah it was awful and she got reimbursed for the er visit but now i think from that attack she's having some chronic issues in her back legs she's a lab she's only six years old and now i have her on joint supplements that running probably 70 75 a month okay okay that sucks i'm sorry it does it's it's just too young to have issues like that um medical for yourself my medical so i mean my insurance is terrible well that comes out before your money hits yes and it used to come out and I went back to the HMO so I'm not paying anything extra for insurance but my co-pays are a little bit higher.

57:27So how many co-pays a month at how much? Specialty is $80. That's probably once every 3 to 6 months. Okay, but it's in 20. And then regular ones is$45 and that's once every 6 months. Oh, okay. But labs, labs are every time I get labs done I don't think insurance covers all of that so it's probably like I'm getting these bills from CPL that's like 238 here 32 there 45 here we'll do 40. Okay anything else that needs to be in your budget that I do not have Terminex is once a quarter so every three months it's$32. Okay I think that actually went up let's say 12 bucks a month then it's 32 a month because it's 32 a month yeah because it's 70 to not it might have just gone up but everything else um i pay out of pocket for vision and dental yeah but how much does that actually come out to on a monthly basis $15 or$30 each.