Okay, I Think I’m Done… | Financial Audit

21:58They also offer a structured repayment plan to lower your monthly bill and personal reps who actually pick up the phone. It's no wonder why they've got a 4.6 star rating on Google. Apparently treating powerhomes like humans actually works wonders. So if you're sick of interest rates that are so high, they may as well charge you for oxygen. Y-Refi is your shot at a real solution. No more losing sleep and no more ignoring that mountain of student loan statements on your kitchen table. Go to y-r-e-f-y dot com slash hammer. That's y-refi dot com slash hammer. Or call 888-Y-REFI-78. That is 888-Y-REFI-78.

22:34and get out from under the weight of private student loans. Let's make your debt meltdown a distant memory, not a daily reality. If we're actually looking for a consistent proven return on investment, not advice, but we know that historically S &P 500, all up years, all down years combined gets you 10%. If you're investing your strong income throughout your 20s, you would be a multi, multi, multi-millionaire at retirement. okay but it says you're gonna crash and burn and die in poverty and this girlfriend has no idea what she's where's the story in that though just in there you're safe 10 return working your cute office job i mean it's more scary to retire the ability to live a good life yeah but where i've worked 40 years for some company that's scarier than you want to have to you could cut back you live in a cheap area you could probably do 20 years i'd rather make you could fire it no that's like the whole boomer mentality you hold up save up your money let it get hit by inflation squirrel it away by inflation inflation is not 10 percent yearly basis i mean look where we're at now just people have invested all the years like inflation's raising higher and higher okay inflation's like 2.5 percent right now actually i came in today sorry 2.9 yeah i mean inflation numbers in the u.s now are going down finally but again okay they've been down for the last year long-term trends i'm talking about inflation has gradually rose in the dollars trends it's inflation at about 10 percent historically 10 percent now this year yes in value yeah absolutely and it's going to keep going down again endlessly fluctuates of course i know i know it endlessly fluctuates.

23:57That makes sense, of course, on central banks. Of course, yes. We know we have historic in this country, about a 3 % inflation rate on average if you take it across the board. But again, average S &P, 10%. So you are getting a 7 % difference there. People are retiring. People are making their lives actually work. People are living purpose, and they are actually getting to a point of success where they're able to retire. They are able to live a life of meaning. Yeah, you're not guaranteed. Okay, you put your retirement fund by the time they're looking at people who prior to tie around COVID time when everything crashed.

24:29That was the quickest rebound we've ever had on the market. That's incredible. In fact, that was one of the best money making opportunities we've ever seen in this country. Look at the long term fundamental direction, right? I believe the U.S. has a power going down, right? We're looking at BRICS, right? Who's the replacement? BRICS. BRICS. Russia, China, Brazil. Yes, Russia. Incredible economy. Yeah, they are actually incredible. They put the tariffs right on them and they become so self-sufficient as a country. They moved to China. Yeah, and exactly. They're becoming their own entity and own world thing where they're stepping away.

24:58And China has a declining population. The United States doesn't. No one is immigrating to China. So what are they going to do when they have two workers? It's the world's largest population ever, and they're all involved in BRICS in that side of the world, right? And they're becoming one of the top economies. So I think BRICS has moved forward. They're even trying to move away from the petrodollar. And overall, I think the dollar's use as the world's currency that everybody uses will be diminishing over time. So who's replacing the world's reserve currency? The BRICS is going to do it. So Russia is using their collection, but what actual currency?

25:26China has their currency, for example. Okay, again, it's a very controlled central government currency. A lot of people won't even invest in the markets in China, man. No one's willing to do that where the government would prioritize their specific country over the investment that you're making. So no one's willing to actually invest their money in there as much. People are willing to put their businesses there for sure in terms of manufacturing for sure. But we do know for an absolute fact that they have a declining population and it's going to be two workers to support one retiree in a matter of decades.

25:59And that is not sustainable economy. Europe's population is declining at a horrible level. They can't even like scientifically return from that. No, no, no. Europe in the United States, it is a declining birthright, but we are having immigration that is replacing it. So we have workers to replace. China does not. But that's destroying Europe. Look at Europe now. I mean. OK, this is not the conversation. So you're about to make a trade based on a friend's text. But which you do you listen to? Is it, we could buy a house in Tulum. Get optioning those options. We could lose everything. Or let's do a little research.

26:38Get your head in the trade and make the investment decision that's right for you. Learn more at finra.org slash trade smart. Holy. This is not the conversation. To bring it back is that gold is the future. They're getting rid of the U.S. dollar reserves and stacking up as gold. And your mine is so successful. It will be, yes. Again, when we get things moving, it's so easy to sell it. I mean, you got to Dubai to any refinery. So easy, which is why, again, no one else invested in this except for you. It's only been a year and a half. No one else has invested in this except for you. Great businesses take time.

27:05No one else has invested in this except for you. There are other people obviously have to do it. No successful people have invested into this. If this was an easy gold mine, people would be all up in it that are successful. Again, they don't see the vision. That's where money would be put. They don't see the vision behind it. No, they see making money. And they have proven returns of investment. I understand the doom and gloom. It's easy to be very doom and gloom. And no, not everything's perfect. No, I mean, it's a risk on environment now, of course. But you look at long-term trends here. Long-term trends.

27:34I'd say gold is going to be the move. It's going to be, if you have a business, you have a gold mine, that's going to be the direction to be in. Big guy, what's your financial score of 0 to 10? I could give a f*** about that part of the conversation. My financial score. about your finances. I could give a fuck about that. I'll tell you, one day, you're going to see maybe a month. I don't give a fuck about this conversation. This is not financial audit, you dumb. You're not running the conversation. Tell me your score is 0 to 10. Rate myself right now. Yes. Wait five minutes and answer. Yes, now.

28:03Okay. Right now, the current stance, I'll give it like a two. It's abysmal right now. Yes. And you're doing absolutely nothing that has a proven return on investment that would actually benefit you. Well done. I am not anti-f*****. gold either, but you're making me sound like I'm so anti-anti and so pro everything's going to grow forever, but you're just, you're so on that extreme side that you're making me sound like I'm on the extreme other side and it's moronic. I hate it. Guys, get your financial score. You can take the assessment for free at CalebHammer.com or click that link in the description below and make sure you download our DollarWise budgeting app.

28:38Take that free trial and sign up for the annual version to save money and get our budget-friendly cookbook, which is signed and mailed directly to you. It's awesome. and the DollarWise Central program as well, where you get all of our educational services bundled to the premium version of the app. Check it all out. Link's in the description. Okay. I mean, they're telling me that when you're talking to them, you legitimately believe that all of your problems that we have here are going to be solved in the next month or two when business hits. Yeah. And this is why I know, actually today, my partner's meeting an investor in New Orleans and he's going to fly to Uganda.

29:09Good, another investor that we're meeting. We've never done that. And they're flying to Uganda together with the cash to buy five kgs, fly to Turkey, sell it to our buyer there, and it's done. And it's set because we have the right contacts. We're with the first family, Uganda. So the president's daughter, we have the nephew they were connected to, the Ministry of Mines. We have LOIs from the public office, Uganda, saying they support us now. And so now that we have everything lined up, a year or half of, yes, lessons learned, tough lessons, but I call that tuition, right? We've learned, we've become masters of our trade.

29:37He's going back there with the right contacts and knocked us out the park. And when that happens, all of this is wiped away. All is just wiped away. But in the meantime, I'm trying to start the bleeding. Stop the bleeding. How many people do we know in our lives that are like this, ladies and gentlemen? I'm sorry. I've seen people. I'd rather be that than the opposite. Be like, oh, I'll never make it. Successful. This will be successful. This is success. Chasing your dream, your vision, no matter what. No, no, not no matter what. That is a moronic statement. Chasing your dream no matter what. No, we need to be willing to stand up and tell people their dreams are dumb.

30:09This one here is not because of the direction and the logistical things that make sense. Obviously, if you're, look, yeah, dumb if you're talking about your dream for five years and you do nothing. I have so many friends that talk about, I want to do this, I do that. Your dream is an unproven moronic thing where you're dealing with sketchy motherf***ers. I moved gold out of Uganda. We have contacts to a political family there. Oh, this guy's so f***ing annoying to listen to. We have logical things lined up for success. It's not just a pipe dream. Don't use the word logical. Nothing you've done here.

30:37I mean, when you have support from the government, you have people lined up waiting for you to come back and export. Yes, an authoritarian regime. Absolutely. You have that 42 % live in poverty. They've been trying to get their oil industry going forever. They cannot get that offline. It is an ineffective government. Everyone's all up in the mines in Africa. No one's willing to invest in this one, not even China. You have no idea what the fuck you're talking about. China's actually very heavily involved in Africa. In your mine! You asshole, you dumb asshole. They do it on many different places.

31:05China's all over. Platinum card. Yes. What's going on with this card? Yeah, the Platinum card. So, I mean, it's the AMX card, and I got it for, I mean, years ago for the point game, right? I mean, of course, you know, the point game, flights, travel five times. Here he goes, guys. His absolute logic that is involved with his mind where he's able to speak on it, and he's so confident on it, and he makes it sound all well. Now he's going to say it with points as well, which completely defines what this guy is. I mean, I had this card before the whole—I even knew what the gold operation was. This was years ago when I just wanted to get some cards.

31:34You know, at that time, I didn't have much. I can't wait to see you in 20 years, man. And you're a poor girlfriend. You'll see me in a couple months. Very wealthy, very successful. Absolutely will not. Well, I'll be excited for that follow-up. I will not be. Okay, so you've had this for how long? I've had this one since pre-pandemic May 2017, right after college. For the points game. Yeah. Just like for the gold game he's doing now, which is why he's holding endless balances on this and having endless interest accrue, completely negating any kind of points you would ever get. Oh, goody. Oh, goody.

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33:30Let's see. What's the limit on here? Because you are at, on a points game card that is accruing interest because he's really good at business strategy and knows everything he's talking about and does everything super successfully. $11 ,343.75. Nothing is more dangerous than someone that is well-spoken on a subject that they are passionate about, that they are complete morons on. The debt from that came from my prior involvement with my business mentor. Of course it was. Yeah. That was even the goal. Now, what was that prior involvement with this business mentor? Again, I mentioned the phone program, the luxury clove things.

34:05Oh, you are going to die in poverty. This is going to be incredible. First time I'm going to cheer for it. I wish I would have invested more in what I'm doing now than what I've done with her back then. I tell you, you regret this in a couple of years and hopefully you actually learn your lesson and just invest in things that have a proven return on investment. $1 ,000. You just became my new motivation here to succeed. I want to prove you wrong. I hope so. Prove me wrong. I can't wait. I'm excited actually now. This is going to be great. $1 ,681.43 in minimum payments. You are lucky you have a strong income.

34:36What is your job going to think when they see they have a lunatic working for them? No, that's none of their business, so. They'll be watching this. What do you mean they're watching? It's my job? Yes. No. Who's they? Who's they going to be watching this? The people who employ you? Okay, I could care less. At the end of the day, I'm doing good work, and what I have financially does not affect my work. I'd get a little nervous if I had a complete fucking moron working for me. I've been with him over three years now, and I'm one of the best ones here. Whoa, three years, everyone. And I know, just, yep, we know your personality.

35:07We know you think you're one of the best ones. Thank you. You always do. Yep.

35:16What are you thinking of now? Why the fuck does someone keep you around? Hey, good work. Gets it done, and at the end of the day, that's what matters most, right? Oy, oy, oy. to a point, to a point. I mean, no one's on my team like, oh no, he has all this debt, but then the code he writes is really good. It's your sanity. The way you speak on things, man. I'm able to keep things compartmentalized in different boxes. I really hope so. Of course. And I hope so, because I don't want you to get fired either. I'm not even suggesting that. Of course. I'm just like, dude, you look like a lunatic. Well, at the end of the day, the work I do speaks for itself.

35:50I'm an actionist guy, not a looks guy. I can look all I want, but the results will speak for themselves. And in terms of soft enduring, I had a good career. This$1 ,681 is a dramatically high minimum monthly payment when you're bringing in$8 ,000 a month on just one card alone. This is one card out of so many cards that we were talking about, my guy. Let's keep going. Huh? I said, let's keep going. That's just a start. Yeah, that's what I was doing. Yeah. Cole,$1 ,136.26 of interest, not interest, of new charges were in the pay in full, pay over time, and or cash advances to$780, much more than you put towards it, of course.

36:26And that had$145 of interest accruing, creating a substantially high minimum monthly balance on that. Then there's the plan balance, which you plan fees,$62, and small payment there, but that was just your minimum monthly payment. Crazy, man. What the f*** are you doing? Why are you spending$1 ,919 Or$16 on this card? So between the Amex Platinum And the Amex Gold are my Just everyday use cards Those are the ones I use for my expenses But you're in the points game Just like you're in the gold game now Just like you'll be in some other game in a year Like the Quicksilver card You're losing interest on here It's getting completely negated You're not mathematically making this work Either way I have certain things I have to pay What are you making next month in your gold?

37:17next month. I mean, if we close this deal, I mean,$100K commission. If we close this deal. Yep. I mean, nothing's guaranteed in business. That's always, you know, that's called fraud if you say, I guarantee you this result, right? That's a good hedge. Yeah. It's a good hedge. Nothing's guaranteed. It's a good hedge, my guy. Appreciate it. It's going to make you look real good. Thank you. Okay. And when do you expect to know for a fact? So they're meeting today. Actually, during this meeting, they're also meeting there. He's already verbally said he's sending over$115K for the deal. And so by end of the month, They are flying to Uganda to pick up a gold.

37:48So we'll know in August, before I'm 30, this deal will be closed. Before I'm 30. What day? What day? I want to hold you to this. We don't have a specific day. Of course not. Well, you want to set a date then? Because he said July 23rd is when he's free, the investor, to fly to Uganda. Okay. The day you should expect your pay. Okay. The day I should set my pay would be, we said August 20th. We said a reminder? August 20th. August 20th. Let's follow up. And we need to vet it. I want to see screenshots of everything. Let's do it. Let's vet it. Good luck. But doesn't all that money have to go into the equipment, even if you do get paid out?

38:24Which? So this is our strategy. When we get that amount there, obviously some will disperse ourselves because we invested so much to cut back on interest. And then from the rest, we'll get more shipments. We'll go back and forth. And we have an investor who has a hairy... You told me you needed to buy equipment. Yeah, but we have an investor that's in the States. There's so many investors in the States. But this one here has a condition. He says, when I see you guys deliver gold successfully, I will put a large amount for you guys to begin mining. So when we document record us going to Turkey and delivering this gold, he will put in large amounts of capital until we do full-scale mining.

38:57That's a large amount. I mean, talking at least like$300 ,000 to$500 ,000. This is what he's agreed to. Yes. Yes, he will put a large amount into this operation. A large amount. Yeah, we just need to deliver five bars. He just needs proof. Proof of concept. And that's what we're doing. Proof of concept. Course careers, can you please create a certification on not being an absolute moron so I can gift it to this guy? Create one also for a gold trade too so people can get in the game. I'm not even against gold as an actual idea. This is what you're doing. This is insane. Literally insane. Your confidence is crazy.

39:29This hubris is not a fucking lot. I mean, would you rather have overconfidence or underconfidence? Huh? If you were to have overconfidence? No, confidence in something that is proven. How about that? It would be much better. No, not this one. Well, again, follow up. let's see what you purchased on. Okay. Apple Bill, Amazon, Apple, Amazon, Amazon, Amazon, Prime, D1 Training, Netflix, Momentous, Amazon, whoop, Amazon, Apple Bill, Amazon, Disney Plus, Smart Credit, Seven Falls, Seven Falls Admission, OpenAI, ChatGPT, Electric and Oop, Mac. Electric and Oop. It's a restaurant, it looks like. Royal George Rafting Spotify Sandbox VR Apple bill and we had plan fees plan fees plan fees plan fees plan fees plan fees and an Apple bill the f*** you doing pull up your Amazon you tit you want the orders just pull up your Amazon I can navigate the app okay there you go we're screen recording we'll black out any personal information sounds good let's see what we got let's see buy your time back oh f*** here he goes exit rich oh f*** I know you've had more order than this.

40:42No, you probably expanded or something. Let's see. Buy again. Lots of Sharpies and toothbrushes. Fine hair. Well, this is things that are reoccurring typically. So getting a lot of the business books, and we like that. But these are definitely like the self-help kind of bull business books. Yeah, I mean. And that's what I kind of hate. Lots of Whole Foods purchases, showerhead. Getting your girls some clothes from Amazon. Yep. Real nice. $8 ,000 a month income. Spoiling her. Amazon. Yeah, take care of her. Loop tape, loop tape. Bras. Okay. Not crazy. And let's look at your Apple bills. AppleCare, Apple TV Plus.

41:23Apple TV Plus is great. But again, this is where you're putting your money. Instagram, he's paying from Instagram. Yeah, verified. iCloud. For what for you? People look you up when you're doing business. I'm sure very important people are looking you up. Google Photos. So as you see, there's nothing crazy in there. I'm not going crazy spending. No, you're spending on restaurants. We're crazy. It was like$1 ,000 minimum. Yeah, okay. $1 ,500. Shut the f*** up. You have no idea what you're talking about. When you have a girlfriend, everything's 2X. Yeah, it doesn't mean you guys have to go out all the time, man.

41:54So we've been adjusting. Hey, listen, I make money. Yeah. I make money. Pretty good money. My girlfriend and I, we eat at home most days. So we kind of did more of a breakfast approach now where for breakfast, we're cooking at home and now we're working on also the dinners. How much money have you invested in businesses thus far? Thus far? Thus far. 75 for this gold. What else? 75 for the gold. Talk about everything else. Just round doesn't have to be a perfect deal. Okay, I'll give you. I mean, the majority of my debt is business, so close to$130 ,000 or so. $130 ,000. Very good. Let's say you invested that over the course of, since you're what, 25, let's say?

42:27Yeah, so I started investing five years ago. Okay, let's call it 25. So 35 years, 35 years. And how much would you say, let's say a year you're investing into businesses? as you go? A year? A year! I would say like last year. I mean, that was a big jump. A year! 85 ,000 last year. How much a year? Just give me a number, dude. 85 last year. This year I didn't invest. 85 ,000? All of your income? Yeah. That's impossible because you have a lot of food spending on you. Well, that's why there's loans on you. Let's just call it. Go look at the loans. Let's call it you invest realistically $40 ,000 a year.

43:00Yeah. Okay, so$3 ,333 a month if you weren't taking out debt to fund it and you're living scrappy to make businesses work. Okay. Contribute that monthly 12 times a year. Listen, if I put this in the S &P 500, then I'm buying SPY and Webull. I just open up Webull. I just put it in there. Okay. It's yummy. It's delicious. I'm getting returns on investment. 10 % for the 35 years. By the time you can take things away, your tax advantage retirement funds penalty free. Yeah,$16.8 million. Okay. Which would have been worth about$9 million in today's money. Okay. Which is pretty damn good. $9 million in today's money.

43:39What can you do with that? $9 million times 1 ,2004. That's your life. $360 ,000 a year. That ain't half bad. Why wait till you retire? $360 in today's money, in today's value. You could be having at 60 years old that you are throwing away. I'm not going to wait till I'm 60 to have that amount. I'd rather make it happen now. You're not going to. This is what happens because every time someone like you does that, you don't have it. I'm just saying that's what you're losing. That's what you've given up. It's good to know that number there. That's what you have given up. Okay. That's fine. I accept that.

44:07I'm completely okay with that. I know the risk and I know the reward. I just wish, I'm not, I love the entrepreneur spirit. I am not against that. It's just what you're doing, man. Why can't you do something here? Why can't you do something here that is something more service or maybe software? Why can't we look at something where you can be an endless entrepreneur here, where you keep trying, trying, trying, instead of getting involved overseas, authoritarian regimes, Turkey, all this, this crazy unproved, why can't you just start something here? That was just never my nature and who I am. to start something here?

44:38Let me guess. You're just using an investing app that doesn't invest in you. It is time to change that. Right now, Webull is offering up to a 3.5 % match when you open an IRA with them. That is real money going into your retirement, not just points or coupons. And that's just the start. To pass it$100 and you get 30 days of Webull premium. Anywhere from$2 ,000 to$10 ,000 sitting around in your account, move it to Webull and get$200 in cash. And if you worked your way up to$5 million, that's$30 ,000 in your account just for moving it over. It is not just about the perks, though. We will provide the tools that serious investors want as well.

45:16TradingView integration, real-time data, zero-commissioned trades. It actually works on all your devices. And now through September 30th, you can stack even more. Get a$100 cash bonus for a$2 ,000 deposit, plus a 2 % cash back on all deposits, and a 30-day premium voucher, and a 4 % APY booster on any uninvested cash. It doesn't get better than this. So stop overpaying for a platform that gives you nothing back and make the switch to Weeble. Go to Weeble.com slash K slash Caleb or hit the QR code or the link below. Let's get back to the show. Your nature has always called you back to the... The startup we did there was, again, mismanaged by the business partner.

45:52Yeah, it was the dumb app. Yeah, it worked though. They were making money, but they wasted it all. $25 ,000 that had to pay off a loan. The people were getting tested. Yeah, anyway, that's the thing. but from there it just got involved more in international business again through my mentor and that opened my eyes to there's things overseas I think this mentor was a mistake I would say investing here was definitely like I regret it I should have used it on my own business I would have been through the finish line okay gold card what's going on with this so that's just my everyday like card that's what you said for the last card yeah the platinum well gold more so the platinum is more for like flights and hotel when we do it but the gold is like for you know guys he has two Two everyday cards.

46:31Yeah, two everyday cards. Well, the platinum is only used more for travel, right? So whenever. And then the gold is for, you know, food. So shopping is 3X. We spend way more than we put towards the card, of course. You spend$1 ,532 on there, and then it's spent an additional$435 on the payover time or cash advance. So new charges,$2 ,000. We have a balance on here of$3 ,532.69. with a minimum monthly payment of$1 ,597.79. Now, moronically, of course, you invest all your money and take out debt in order to fund your lifestyle into this business. But how do you pay for the now 3 ,000 hours of minimum monthly payments?

47:15How do you pay for that? Yeah, so I mean, let's put more in scales there. So the interest, I think, is 3 ,000. The principal is about 2 ,000 total. So it's 5 ,000 or so. Your minimum monthly payment is 3 ,000 and the two cards we've looked at so far combined. How do you pay that? With my salary. No, no, no. You said your entire income is going to investing. So how do you pay for that? I don't put my income. Because that can't be impossible. Well, now I don't put it towards investing. I put what I need to do. Oh, this guy's impossible. This guy's so done, dude. I mean, if I can move it this year.

47:41Extra value meals are back. That means 10 tender, juicy McNuggets and medium fries and a drink are just$8. Only at McDonald's. For limited time only. Prices and participation may vary. Prices may be higher in Hawaii, Alaska, and California, and for delivery. I've pulled back a lot on the investments Because we put in what we could And now it's worth managing my personal finances Until the deals close The last card took 30 years to pay off This takes 8 Yeah let's pay on a 30 % interest card until we're 30 Instead of investing until we're 30 This is going to go so well It's taking a short term issue like this For long term success Shortcut to wealth Always successful Everyone's incredibly successful Come on you're taking a short cut A year and a half is a shortcut to wealth compared to a 30-year-old.

48:27But I started this journey years ago, five years ago, just getting into entrepreneurship in general. So it wasn't like a - Entrepreneurship. Yeah, but not this investment, you f***ing dick. Again, this is the one that's going to work and it's going to close all this out. And it'll be a great story by the end of it. Go inside Target. Who even knows what you're getting there? My apartment. Coffee and matcha and Chick-fil-A. Oh, Chick-fil-A. That's the guilty pleasure there. the guilty pleasure you've had thousands of dollars of guilty pleasures before this shut the f*** up dude Ice, Tea House Happy Lion Cafe Chili's, PlayStation Network how do you even this is so stupid District Donut Sliders Brew World Market, waste of f***ing money typically just expensive, Cherry Bomb Coffee Coffee Shop, Starbucks Store going to get some BS.

49:22Aloft New Orleans. Why would you even need that? You live in New Orleans. No, it was for like drinks. Yes, you have so much money. You have so much money. Trader going in and getting some BS from Trader Joe's most likely because it's very cheap. Coffee shop, Shake Shack. Okay, BS. That's BS. No. It is not necessary for survival that it's BS. Shut the f*** up. Winning, got some BS. Winning, got some BS Panda Express, Coffee House, In-N-Out, New Orleans Airport. No, this is so f***ing stupid. Tours the late Joris. Norris Organic Juice. Jake and Telly's Greek. The Bean Peddler. Rabbit Hole. White Water Bar.

50:01Hungry Bear. Java Hoss. Guys, the person you should be taking all your financial advice from. Guys, this guy right here. Dumbass. Concessions, concessions, concessions. Shout out. Tatsuya. Tatsuya. Revenous Cafe. Rendavaneus Cafe, Raising Cane's McDonald's, Coffee Shop, going to get some BS, Burger Nerds, Clondo Seafood, getting some BS, Chick-fil-A, Evolve Coffee District Donuts, Texas Roadhouse Donuts, Lions Cafe, getting some BS, Coffee Shop, Cabo Veterans, Cabo Veterans, Smoothie King District Donuts, Coffee Shop, Shake Shack, Happy Lions, Starbucks Coffee Shop, Lake Town Veterans, Charita, Charita?

50:50You got to be kidding me, dude. You're getting out of rough there. You're going to be kidding me. This is ridiculous. This is moronic. It's one category of food, which it's better to cut that out than buying a bunch of crazy, stupid things. That was a bunch of crazy. What the fuck? But it's one category of crazy, stupid things. No, and food and drinks and flowers are all different, dude. You know you have a girlfriend. You have to buy her flowers. Yes, but I can afford it. It's not required for our survival of existence. But you have$140 ,000 of bad debt. $140 ,000 of bad debt, then business debt is$12 ,000.

51:26Low or no interest at$30 ,000. Total debt is upwards of$200 ,000. Now, we know what comes in. How much did you spend last month? Last month? I mean, it was probably a slight deficit. By the way, may I just say, this is just based on, well, hold on. I'll give you everything here in just a second but what do you think you spent? and that includes investing as well this last month okay this last month 8, 10 maybe probably 8 ,500, 9 ,000 close to 9 ,000 I would say $12 ,500 so you're spending more than you make and then you have minimum payments that you can't afford and you invest all your money okay so context for that at least at 12 ,000 too it's some things people have me book or do and then they sent me the money to pay that back.

52:14So it wasn't like I was buying$12 ,500. So according to the National Resource Governors Institute, which has a research paper on setting up Uganda national mining companies, and then according to an additional 15 sources we have here from the World Economic Council, National Resource Institute again, Kobernick Global Institute, PNC, Mixed Mining Consulting, Science Database, European American Chamber of Commerce. Yeah, you have a 10 % success rate. Great. Well, I'll be in that 10%. 90 % failure rate on Ugandan mine operations for foreign investors. Yeah, I did a context. They probably knew no one there.

52:54They had no connections, no connections to government, the different ministry of mines. They had zero. And how many of them actually spent time in Uganda versus some kid in his couch or some other entrepreneur? Obviously, that's a question I cannot actually answer. But are you suggesting you're the only one that's gone in there with any kind of connection? Shut the f*** up, dude. I'm not saying that. I never said that. Your hubris is, you are so dead. We will be at a 10%. A 10 % success rate is horrible where you nearly have 100 % success rate on a 10 % return on your investment with the S &P 500.

53:25Not a promise on investment advice. But come on. I would say we have, I would put us at a 75 % chance rate because of our connections. That fees up this year so far, interest up this year so far on both these cards alone. This is a pathetic life that you are setting up for your girlfriend who has no idea what she's getting into. Is she in this building? No, she's not. Can I call her afterwards? If you want to, you can. Yes, I need to call her in the financial out of post show. And I need her to know the mess she is getting in. She is, she sees an entrepreneur. She sees happiness around this. She has not seen all the people like you that endlessly circle the drain their entire lives at the hope of a quick dollar.

54:08She's on my team. She understands. She knows how we're going to do it. Tell me what's going on. Business Inc. card. So that one, again, was spent on my prior mentor in business things. This was the prior mentor business, dumbass me. Buddy, you're still spending on this, and you're only making your minimum monthly payment. $367 is your minimum monthly payment. $12 ,499.80 is your balance with$242.96 of interest accruing on a monthly basis. That's f***ing insane. Right, but that card's not reported to my credit right now because it's a business card, so that's not the highest priority right now.

54:44It's still saying you're losing money, and he has Xbox Live Gold being charged on this. Yeah, I should cancel the plan. Obviously, you got your fees up the d***hole, $2 ,000 of interest this year so far. How long does this take to pay off? This must take decades. This is moronic. Yeah, I mean, it'll take decades if you're not doing anything to fix it. This was for the clothing brand and other successful investor endeavor that you've done? Yeah, that was back then. So again, it was used for that endeavor. Back then a couple years ago. Yeah, a couple years ago, back then. It's not used for my current endeavor.

55:15Well, no, you probably can't. Yeah, you can't. You have a limit. You can spend$310. So shut up. That's not something to brag about. Shut the up. Okay, so tell me about this investment and what you did and what you spent this time and now it's accruing interest. So actually, you have to.

55:35You bought a Tesla Model S a few years ago? Yeah. You think you can afford that while you're doing all this? No. That's like a 90 ,000-hour car. Let me clarify. That was before I got into all these business investments. So that was before any of that involvement. You are so reckless with your money. You are going to make so much money through your successful career, your entire life, and you're going to have zero dollars so far. In fact, you will only be negative net worth your entire life. And it's going to be so sad to see. At least I put that towards an investment and not wastefully on many other things.

56:05No. Tesla's not an investment. I know that. And that's why I sold it to invest in the business. One of the quickest depreciating cars. And I love my Tesla. And I'm upgrading to the new X. Crazy story. So when I moved to Miami, I had it. Carvana offered me 85, which I got it at. Wow, this is crazy. I'm so interested. And then someone hit it, back end it, and I had to order the part to fix it. By the time I got the part, Elon Musk had depreciated Tesla's value. And I sold it at like 50K. So I lost 35 on it. Oh, that was thrilling. Yeah, I know. It's horrible. And then it could have been break even though.

56:33So yeah, they devalued. By the time, devaluation was not as intense. Great. So you gave her on your credit card or your life money was spent on the credit card and then you gave her your life money for survival to her. Yeah, I mean loans, credit cards, all of that. And the clothing brand. Tell me what happened on that successful endeavor. I mean, she's still working on it now. We have suppliers in Italy. Yeah. Yeah. I mean, at this point, I'm more focused on my own endeavors with the gold stuff. I mean. It's not even your own endeavors, buddy. It's your business partner's endeavor who's African-American that has lineage back in Uganda.

57:09Yeah, I mean, me and him are the perfect team, and we're going to make it happen at the end of the day. I have him. He goes to Uganda. He handles those things. I handle a lot of other things involving other partners we have in Hong Kong, Dubai, other locations. This guy's so good to you. Yeah, so we have a deal right now working on between Hong Kong and Africa Gold Supply. No, the buyer's on board. They're waiting for the financer to get an RWA. way they're doing block funds everyone's waiting on someone everyone's waiting on some investment in financing shut the f*** up dude you are so ruined oh this is hilarious no the gold thing we have multiple facets and directions we're attacking it so one of those will happen it's a matter of time you're such a silly little goose the goose that lays gold eggs though hasn't yet never once it will you gotta be patient 200 000 hours in debt shut the f*** up okay this girl's going to make some money.

58:01Maybe you might come to me for an investment one day. Absolutely not. We need a new office, Eli. I got you. Don't worry. A new office? Yeah. In New Orleans? Hey, maybe different locations. New Orleans? A declining city? No, not New Orleans. I'll put you somewhere nicer. I want to do that to you. Put you in Miami. Yeah, a lot of crazy people out there are crazier than me. I never talk about this because honestly, I really don't give a f***. But here's the reality. I have a net worth that is substantially higher than you will ever even come close to. Well, once this gold deal closes, you'll be looking up, not down.

58:32Even if your gold deal closes, it's not even close. So this is not a jack-off test here, dude. If you look at mine ownership, that's... Oh, you're just such an egotistical, delusional... We'll be laughing at years down the road. We'll be talking about it like... Yeah, you're crazy. Here you are now. If I'm lucky, I will never see you after this filming is concluded again. If you're lucky, you'll see me again. Venmo? You have$5 ,044.54 on Venmo? What is wrong with you? That was for the gold stuff when we did some cash advances. Oh, this guy. Okay, tell me. Yeah, when you're in Uganda, you have expenses out there.

59:14And, you know, the gold market fluctuates, prices change. So we were off by a couple thousand. So I did a cash advance over to there. We did Western Union. and my partners are over there right so he got the cash and that's what we use to help us when we're exporting. Oh he's over his limit by$44.54 this guy's a f***ing keeper I have proof I got it out of Uganda you can look in Nairobi I have videos proof of life the 15 bars are in customs there. Am I telling you you didn't go to Uganda? No I'm saying you're over your limit you moron. I know I'm over the limit but that's why we're working day and night to make this happen.

59:47No you're not? You're over the limit! You wouldn't be okay when was this spent i mean that was when was it spent you here then it would not be over the limit if you're working day and i shut the up shut the up you are a financial loser hey we start somewhere we all start somewhere you're going only negative you need to make minimum 200 000 hours just to get to zero well i have other plans too i'm working to consolidate all this into one so then i'll stop the bleeding i'm already working with people doesn't always He's working with people, guys. He's working with people like that. I have someone, I get a personal friend of my business partner.

1:00:21He's working to help me consolidate into one. He's the guy that is never able to do one thing in his life on his own. He always has to have other people. That's a failure of an entrepreneur, by the way. Hey, you don't win it by lone wolf. You need a team to win. If you are incapable of doing anything yourself, you are never going to be successful. I do what I'm good at and then I let people do what they're good at. You're good at nothing. I am good at making connections and having plans and visions to move forward. Your connections have resulted in you only going further into debt and never having one successful investment that has returned.

1:00:47Again, it's a dip down, then we're going up. It's only gone down. There is no up yet. Well, you haven't seen the end of the story yet, so wait for the end of the book. For all lucky, the end of the story is you getting hit by a bus outside of the office. Man, hey, then we have life insurance money. Let me cash it out. Yeah, I'll add you after. Who the f*** am I talking to right now? This is insane. I did not know this is what I'd be waking up to today. 18 years to pay this off. Shut the f*** up. Shut the fuck up You're a joke You're over the limit on Venmo For a year ago For a year ago I paid it down and then used it later for rent So it wasn't for a year ago Then shut up you extra have no idea what you're talking about Or you're just lying Or you're just saying things to make yourself look better Shut up I mean I paid it down for a bit and then it went back up again That's how it goes You used it for fucking rent out of all things You are incapable of surviving This poor girlfriend This poor girlfriend This poor girlfriend She's not going to be poor for long No she's going to run in Hey I'll invite you to our wedding There you go No thank you You will see it No It'll be the grandest one you'll ever see Sponsored by the gold mine A Ugandan gold mine sponsored wedding in New Orleans I'm sure that'll be very popular there Yeah I'm sure that community is going to really appreciate it Don't worry I won't forget you when we're at the invites okay thousand hours of interest this year so far in here this is stupid putting it on rent yeah a dumb yeah a dumb quicksilver tell me what's going on yeah that's one that my original first credit cards actually i mean that one was so there's like nostalgia and that's why you're purchasing on it i mean it's good to have older cards right it attributes your credit sure but you're maxed out so any kind of this being over maxed out has much more impact on credit credit Credit utilization.

1:02:39Yes, it is a higher percentage impact on your credit than your credit length and age. Exactly, but I've been trying to keep up with the overall debt. I haven't had the extra liquidity. Okay, well, you haven't because this is maxed out, so shut the f*** up. Yeah, it's maxed out for now. Everything is for now. You're a for now person. You're just f***ing... The story's not done to your head. You could be outside finding a homeless person and you'll just be beating him down and someone will be stopping. You're like, well, I'm only beating him for now, so it's okay, guys. I'm only beating this f*** for now.

1:03:09it's okay you're like the guy who like reads a book never finished it never sees the ending of it I finish every book even if I hate it no that is absolutely incorrect I finish every book even if I hate it and I hate that part about me I hate that part about me because I hate it I finish every movie as well I hate that part about my personality okay you owe$1 ,456 and 83 cents on here why did you come on here genuinely have to know because you seem like the most delusional hard set you already know you want to go, mother f***er I've ever met. What's the purpose of you being here? Because right now I feel like you're wasting my time.

1:03:44I'm just trying to stop the bleeding of the interest rates and stuff and try to steady the ship to hold out long enough to close these deals. And that's one of the main reasons I'm here is I need a plan to just at least keep things steady until that time comes. I need to buy myself time. Okay, so to stop the bleeding. Well, I guess I can curate my thoughts to someone's goal but I still don't fully support this Ugandan thing. But I can curate what we're talking about today. Exactly. Let's focus on that. Like how can we meet in the middle and stop the bleeding? $1 ,300 going to eating out a loan miscellaneous bullsh**$1 ,003.

1:04:18So there's an answer. Yeah, the food. Do you budget? I have a quick and simplify where I put everything on there. Okay. But I don't have a strict. Clearly that's not working. You didn't know how much you spent last month even though it was$12 ,500 when you brought an A. Again, that was because I had other people we booked something together and that showed on my report is usually around$10 ,000. So, yeah, the food is the biggest issue. Not the biggest. I'd say it's your endless debt. No, it's your endless debt. Because your minimum payments are long. But yeah, right now, what's actionable? The food portion.

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1:05:55Your rent's high too. Yeah. Moved cheaper. Especially for New Orleans. Well, I'm seeing 2 ,294. That must be after utilities. No, it's 1960. 70 total. Okay, so after utility, then what am I saying? Rent, there's insurance? Well, I mean, if you pay like into the power, of course, stuff like that. Okay, yes. Utilities, you dumb f***er. What do you think that is? Yeah. This guy's a f***ing moron. Good and f***er. Oh my gosh. I'm sorry, I'm sorry. I'm just being insulting. $10 is just pissing me off. Say all you want. Level credit, Minneapolis. Yeah, so that tracks like your payments, your bills. So like the rent, your phone bills.

1:06:28That is maxed out. That's it. You cannot pay off. That takes 10 years to pay off. You're old guy. So I'm trying to rectify my credit score so I can go ahead and get some form of consolidations. Like 690 on TransUnion. Consolidation's not going to help you. It's actually going to damage you. Because what someone like you does, I've only seen it a thousand times on the show. What someone like you do does is you take the debt, you consolidate it into this debt. Now you have limits that you can spend here again. And then you spend it. Now you have double debt. I'm not doing that. No, but that's what everyone like you does.

1:06:58You keep having this confidence, this beyond confidence that you know exactly what's going to happen. But I have seen it time and time again. I've seen people doing business stuff like you and they've all failed. We have statistics, 10 % successful rate. Okay? Well, it's not 0%. It's not 0%, but you could have a much better return on investment. For the 75. In America, half of every dollar spent on brand medicines goes to entities who don't make them. While middlemen like PBMs and 340B hospitals drive up costs, Biopharma is investing$500 billion in new infrastructure and manufacturing here at home and helping patients buy medicines directly at lower prices.

1:07:40Tell Washington to end middlemen markups and put American patients first. Visit phrma.org slash middlemen. and i've also seen people like you do the consolidation without actually fixing their behavior and it just goes all the way up but you can't you probably you don't even qualify for them now right because they're all now right now i'm looking for that remind me again what's your score like 690 680 depending on the utilization and debt to income must be just so substantial get hard right now to get so i'm looking at like some private investors to help with the consolidation private who's gonna invest because i've never missed a payment i've always hey look On my credit history, I've never missed a payment.

1:08:20Guys, out of all private investors he's been looking for his entire life, now he's looking for a private investor to consolidate. Fine, I'll do it at 100 % interest rate. 100 % interest rate? Yep. I mean, I'm already paying in the 20s range already. Yep, I'll do it at 100. Why 100? Because why the fuck would any private investor ever take you on? Because they see my risk profile. I've never missed a payment. I've always managed my debt. I have a perfect history besides the amount of debt. And so I've never once missed a payment in my life. Fine, I'll consolidate you. your 180 % debt. I will consolidate it at 18%.

1:08:53It can be paid over the course of 10 years. So whatever that minimum monthly payment equals. But I put a lien against every single asset you own. I mean, go for it. That's fair. Handshake right here. I'm watching this. Thank you. I just made a lot of money. I'm going to need to take a look at those assets first Good luck finding them Okay, so it sounds like it's not happening I mean Which is why would anyone invest in you If they don't have that backup No, they need a backup No one's willing to give you a mortgage Without actually the same with a car loan Without the lien on it Sign all the legal documents you want then You don't have anything to put a lien on Okay So why would they do this?

1:09:37This is such a beyond risk Again, look at my history I've never missed a payment. I'm not going to miss anything. There's a consolidation. They can see all the different boros statements, all three major boros. Look at my smart credit report. I've never missed a payment. I've managed it perfectly, and that's my problem. I just want to consolidate it together, and that's it. I mean, these cards are in 25%, 29 % APR. Yes, it's hard right now. And so if I get down to 18%, that would be a life game changer. So you'll just build up all your balances. I would not. Yes, you will. You're not the one unique case in the history of this.

1:10:07You're incapable of setting the ship. We have your spending. We have your endless investing. You're going to find a new thing to invest in in a few months. No, I'm not. It's locked in. I've invested what I need to do. It's on autopilot. I'm done with you. You're lost. You're so beyond confident. You're not willing to listen. And tell me, what's your plan? Tell me what you want. I've been trying this whole conversation, man. You haven't come up with a plan yet. You've talked about the gold. I want you to get on the steady. I want to be in a steady too. I want you to get out of these weird, risky investments.

1:10:39And I want you to just invest in the market, maybe some real estate. You can utilize your strong income and you can get some good stuff done here. You could fire. You could retire in 20 years and have an incredible life. And that's what I want to do now is I want to stop the risky investments, cut the faucet off completely. Cut the faucet off completely. That is not at all what you're – And steady the ship. No, I don't believe you. That is not what your language is. Listen, this PayPal credit takes 22 years to pay off. Close to maxed out as always. You owe$7 ,178.41. So what's up with the PayPal credit?

1:11:14PayPal credit? So that was for a course on fundamental economics. So interest rates, banks. Yeah, loser money on it. This is this f***ing guy. This is this f***ing guy. Gold market, everything has helped a lot. Just understand the world economy. Which that's f***ing ridiculous. That's f***ing ridiculous. Because here's the thing. I am not against education. Shut up for a second. I am not against education. There are good educational resources out there. I think Ramsey's is a pretty good educational resource. The Money Guy has a good educational resource. We collaborated with a lot of people and we created our educational resources, which, by the way, for example, the Money Guys, they're like$200.

1:11:49Ramsey is a monthly subscription. Ours is literally – you get the premium version of our app and all six of our educational programs that we collaborated with experts on, which has the lowest refund rate in the industry for a reason because we have the best proven education. We do that all. $197. DollarWise Central is$197, and they get all of that. You went into PayPal credit debt,$8 ,000 to learn about economics? Buddy, I guarantee you our programs are better, and it's beyond cheaper. That's so f***. That's the most dumb thing I've ever heard. You were sold on a lie. No, so it also includes Bloomberg Terminal, but their version of it, Primarker Terminal.

1:12:30But their version, it's not even Bloomberg Terminal. But it gives you access to all bank reports. Which you don't need. I do. I read through all the bank reports to keep up. For what? What do you do? Keep up with commodities and the different markets. You can keep up with commodities without that. I read through all of them. They're more thorough. They have more researchers that pay$100 ,000 salaries to create these reports. I read through them all. This is ridiculous. This is so moronic, dude.

1:12:55Okay, so I got hammered, so to say. So let's go with the plan now, huh? What's next? You disgust me. I'm correcting your behavior again. Okay. A massive economic course like this is not necessary. Now, a lot of people use the argument there shouldn't be courses because everything's free online. Listen, it's hard to organize things. Yes, it's time. Shut up. It's not just time. It is also just hard to find the reliable information because there's lots of different opinions. So that's why we put together our stuff. So I get it. But this is way beyond a f***ing, they just used and abused you. And I bet their refund requests are through the roof.

1:13:32No, it's a great program. That plus the terminal. You'd do it again. Oh, he's, guys, he's ruined. 30 % interest. Shut up. What is this? Tell me what this is. Shut up. Tell me what this is. Looks like a firm. Yep. Great. We owe$6 ,000 on a firm, essentially. Sure. So a firm,$5 ,855.82. Yeah, so that's all apartment moving costs. December, January, when I moved in, started from scratch. So I had to get literally everything. So you look at Target. That's for all the kitchen supplies, other things. Amazon. He likes sleep. What is that, you dumb tip? I don't even know what your due costs are. Oh, Klarna's coming up next.

1:14:15Fantastic. Will I see a door-dashed Klarna in here? Let's find out. No, I've seen those. I refuse to do that. Yeah, because you're so smart. I'm not that far lost. I would rather you do that than this Ugandan thing, dude. Jeez, door-dashing. Moron. This doesn't make sense. I'm not seeing all the previous charges. than the one that just happened. I mean, it's Affirm, Chiklarna. Well, Affirm, even on the Affirm thing here, I'm getting Amazon, Helix Sleep, Albany Park, Amazon, but I'm not seeing those on here. That's the account. It's so f***ing annoying. Yeah. And I don't even know what your payments are.

1:14:53I'm going to say you probably have like a$500 payment. No, it's a total? I don't know. No, probably, yeah. Affirm? I don't f***ing know, man. Okay, pull up your Klarna. Okay. Okay, Klarna. This is insane, dude. This is ridiculous Someone on there really quick Sure The Airbnb on there you'll see Was when we did a group trip And I had everybody send me the cash for that And so I put that cash And you had to seek investors No I put the cash to pay down some higher interest balances Because Klarna had lower interest So I kind of shuffled the cash over that way So that's why you see the Airbnb What's the interest on the Klarna Usually it's like 35 % That one?

1:15:33No it's check it and see Tell me what was the interest rate that you put it towards? Oh, for that one? So they have like a Sapphire card or the Chase card, which is like 25 to 29 % range. Oh, 25. That is high. Yeah, it is high. Yeah, this one's at 32. Shut the fuck up. You're the dumbest I've ever met in my entire life and I hate you. Well, there we go. We miscalculated. Miscalculated. You just didn't look. Yeah. Now I actually never trust you to make any decision you've ever made. I mean, then that one is just moving cash around. I need more liquidity. And so even if it's a little higher, it's still good to have it to move it to other places.

1:16:06I'm going to say this is like$500 a month as well. You can't use a car in order to pay. Shut up. You don't know what you're talking about. If I had a car maxed out. You pretend like you know what you're talking about. You have no idea what you're talking about. If a car's maxed out, I pay it down. I'm not going to listen to it. I'm not going to listen to it. Airbnb, Ticketmaster. Shut the fuck up. You're not getting Ticketmaster if we're trying to survive Airbnb. It's so fucking stupid. Ticketmaster, Airbnb, just endlessly throughout the history. Just over and over and over again. So fucking stupid.

1:16:28So stupid. So stupid. would substitute a 25 % interest, which you built up right away again, which is why I know the consolidation won't work because none of these were paid doors, by the way. Yeah, I need more reward cards. Four, four, four, four, four, four, 32 % interest rate. Shut up, shut up. Okay, what is this loan? I don't know what this loan is. It's a$7 ,173 loan. What is the loan? That was when I leased my car. So you get to put down it. So this is a lease. You took out a loan for the down payment on your lease. Yes.

1:17:00made him stand up. I've never seen this. I'm sweating because you're such a f***er. I can't stand your existence. These choices that you're making make no f***ing sense. This is such a obnoxious use of time. I'm getting swamp ass. Everything is unpleasant. Finaness the town. It's at a 10 % interest rate. Hey, it's better than the 20s. Shut up! I don't want to hear your voice. Gah! What do I even call this? What is this loan? A loan.

1:17:45From who? I think that is Upgrade or Upstart, one of those two. Okay, let's call it Upstart. Yeah, let's do that. It's a bi-weekly payment. a weekly payment to make it look a little more acceptable. Your girlfriend's getting into a situation where she has no idea. Or she's just literally, you have picked her up when she was waiting for her. And she just, nothing is making sense to her in general. There's more things than finances and people. Yes, but you're going to tear her down and bring her down her dark path. No. There is more than just finances, but you can pull someone down, man. We're coming up.

1:18:23No, this is a 401k loan, they're saying. Oh, that's a... Wait, that one is? Okay, so then the car one is probably$5 ,000 and the 401k is$7 ,000.

1:18:34Yeah, I had it mixed up there because the balances were both a little low. You can't even keep track of your own debt yourself.

1:18:41Dude, I don't... I don't even know what to do with you. You're such a f***ing joke. What a f***? What a f***? Obviously that comes from your pay before it even hits But if you get fired or you quit your job That s*** is going to come due Good luck$10 ,000 Of course, I mean if you're fired Obviously that's not the best option Or quit I'm not going to quit Yeah, you really have no choice We'll quit once the gold hits

1:19:11Blue cash That's basically the gas card for Amex So they have a benefit on gas I don't want to hear your voice $1 ,587.27 with a minimum monthly payment of$50.75. $177 of charges. Interest$35.23, seven years to pay off. Not even coming close. Not even coming close to paying this off. Let me see what your girlfriend looks like. I want to see if this was a desperation thing. No, there's no desperation here. There you go. Make sure she's not like a burn victim or something. No, she's very humble. Beautiful girl. Supports me and everything. Yeah, she's pretty. In fact, she's B-Dog's type. You guys know B-Dog, the translator.

1:20:02Also a member of Hammer Elite. Tons of makeup. Some fake things. That's B-Dog's type. It is B-Dog's type. Well, that's not her. He likes them fake. She's 100 % authentic and real. Okay. Yeah, I mean, she looks like she's definitely a gold digger for sure. No, she's not. She's had many men in her past that had money that she turned down. No, because she does not want to be that kind of person. Okay, so she looks like a gold digger for sure. Oh, yeah, she looks like it, and even her work friends say that. And she's hoping that he unlocks gold. However, she has no idea what this guy has even done.

1:20:37She got with me before she even knew the whole gold operation, too. We'll let her know. Don't worry. She knows now, of course. Knows what? The whole operation, everything. She doesn't understand because you're able to sit there and you're actually able to sound halfway decent on what you're talking about. And that's the most dangerous thing. You're just not in reality with what you're talking about. You couldn't even tell me the success rate for these kind of minds. I mean, again, I don't really care what the success rate is. I know it's in front of me. Why would I want to know the success rate for an investment of 75 ,000?

1:21:06I still would have done it because I have the right connections now. So that's all I needed. So I can almost protract out my success rate. Okay, gas, gas, gas. Best discounts on dumb ass, dumb ass, damn dumb ass, some fees, bulls**t, bulls**t. You're f*****t and I hate my life and it's all great. Sapphire Reserve. Mm-hmm. Okay, you owe$780.29 on here with a minimum monthly payment of$40. Well done, you little tit. Oof. Oof. I just said that's a lot better than the other ones. You don't deserve money. There's a little bright spot in the scheme of things. $168 of purchases,$15.27 of interest accruing.

1:21:48Sweetwater Sound,$130.73 for f***ing what? I play guitar for a - Oh my gosh. You should just, you are all over the place. You have, nothing makes sense. Nothing makes sense that you do. It's okay to have a hobby, but just your spending is beyond out of control. What you prioritize, what you're trying to do in life makes no sense. You're such a mess. You're a mess. And my priority is business. The near-term priority is now to stabilize the ship. You're not even saving for your taxes, dude. Yeah, I know. It's coming. Clock is ticking. Clock is ticking. Yeah, and it's not going to be an insignificant amount of money for your earning.

1:22:26I know. It's going to be big. And IRS is not who we're f***ing with. I know. You don't want to mess with them, but it's coming regardless. Yeah, you are. Well, that's what I'm trying. No, no, no. Even if I gave you the most aggressive plan, there is no stabilizing the ship before taxes come due. This is so beyond egregious. There is no stabilizing this. The only thing if we want to prioritize IRS is you just don't pay your debt, allow them to all f*** your credit and go into collections and destroy you. And you're just saving up for taxes. Yeah, I'm not doing that. Exactly. I see no plan. No plan gets you there.

1:22:54I don't see a plan, especially not with your life. I made my business plan. That's what's going to make it. So I have that much belief in it that I see the train coming. Restaurant, restaurant, restaurant. Also, it looks like great use of time. instead of paying taxes. Do you have wealthy parents? No. My dad's a marriage with family counselor. My mom homeschooled. That can make money. That can make money. I mean, marriage with family counselor, you can, yeah. I mean, he's 77 now, so he's... One main financial. What's this? 9 ,210. Is that the... What is that? Is that the loan on the car? No, that's not the loan on the car.

1:23:32What is one main financial? So that's when I was waiting for my bonus to come, so I used that out to clear things out. Jeez, dude! dude, what are you doing at this point? Like I've lost all just like surprise. I'm just like, what the are you doing with your life? Well, there's a start. No more surprise, right? Now you're just numb. I am numb. $9 ,210. Minimum monthly payment,$396. At least you've made your minimum payments for a few months, but I mean, it's only been a few months. Again, I don't miss payments. When was this? Your bonus was supposed to hit? The bonus hit in February. Why couldn't you survive without your bonus?

1:24:17Because I moved in my apartment in December, so I had nothing in there at all. How many bedrooms do you have? One bedroom, one bath. This is expensive. Where are you? It's in Meta. You're just 10 minutes from New Orleans, and they just finished building it in December, when I moved in. So I was waiting like a year and a half. This is quite expensive for New Orleans. One bed, one bath. Yeah, they're testing luxury market in Meta right now. You think you deserve luxury? Yes.

1:24:46I hate you. At least we established that. I'm pretty sure I was clear 30 minutes ago. No, that's just one of my most natural reactions, but I'm starting to dislike you as a person. Okay, that's fair. We all have our beliefs and our opinions. Because you have a disgusting mindset. No, I think I have one that's rare and that will make a lot of things happen. that most people don't have. Okay. Here's upgrade. $27 ,631. What the f*** is that? So that was one of the loans I took out for the Uganda gold export. Yep.

1:25:28Again, it was a last minute thing. He was in Uganda. We had to get it out. So I took out two loans for that.

1:25:37And how much has your business partner spent? My business partner? The one who owns a bigger share, right? So, I mean, he has more of like the sweat equity on the ground equity. Yeah. I mean, without him, this would be impossible. Yeah. How much does he put into it? Probably, I mean, on his side, probably$30 ,000. Okay. For what equity percentage? For his equity percentage? What's his equity percentage? It's like 35%. Okay. I mean, he's on the ground in Uganda doing a day-to-day. Oh, buddy, I will prepare the noose for you and get it ready for a couple months from now. Okay. It's going to be lubed up, ready to go.

1:26:20Let's do it. Oh, big guy. Oh, big guy. I wouldn't be laughing. Your life is over. No. Yeah. $869. I mean, I don't even... These minimum payments at this point, do they even fit in the budget? Okay, we have another upstart Finwise. This looks like maybe this was the down payment for the car. Yeah, that was the one I miscalculated. Yep. Ladies and gentlemen. Wow. And we found you a day before filming this because we had a cancellation. Yes. This is? Yes, I see that one of those. Rinse takes your laundry and hand delivers it to your door. Expertly cleaned and folded. so you could take the time once spent folding and sorting and waiting to finally pursue a whole new version of you.

1:27:09Like tea time you. Mmm. Or this tea time you. Or even this tea time you. So did you hear about Dave? Or even tea time, tea time, tea time you. Mmm. So update on Dave. It's up to you. We'll take the laundry. Rinse. It's time to be great. What I applied last week Thursday, so it was a quick turnaround. It really was. It takes a while. It shows, look, I'm willing to like last second show up and figure something out here. We get literally hundreds of applicants a day, but we don't really get people that cancel as much anymore. Yeah. I mean, it's a priority to show up. It was like last second. I moved everything else out of the way.

1:27:47Because despite the craziness you see here now, I do want to set this ship however that's possible. Yeah, but we just disagree on that. And I think your ship is going to sink. I mean, we disagree on what I've done from the past, but going forward. No, we disagree on that too. Well, yeah, the past. $145 going forward. Shut it for a second. Shut the f*** up. You owe on this$3 ,877. $145 is your minimum monthly payment. Listen. Okay,$1 ,681. Before I even look forward, I'm so interested. Plus$1 ,597.79. Plus$367. Plus$160. Plus$49. plus$239 plus$500 plus$500 plus, yeah, your 401k loan of$160.22 plus$50.75 plus$40 plus$396 plus$869 plus$145.

1:28:56Yeah, your minimum monthly payments right now only give you wiggle room of$1 ,250. So far, we're not even done. That's your wiggle room for survival. So getting the boat. Steady. No, it's like it's literal bankruptcy. But you won't have changed your behaviors or fixed anything in your own life. So you're going to end up right back here again. And I've had that conversation multiple times. So there is no steadying the ship. No, the behavior has changed. Not without you completely changing. You can look at the trend of how I invested business the past years. and it's this year. It's not just the investing business.

1:29:26I saw your spending last month where you weren't investing in the business. You spent$12 ,500 where you brought in$8 ,000. So I don't want to hear it. So far I pay. Here's another one. What is this, private student loans or what? It's a personal loan? What's the balance of that one? This one.

1:29:43The balance of this one is$12 ,137. The minimum monthly payment is$713. Yeah, that was when I was in between jobs. And so I had low capital at the time. So I had to put that on cards and I reconsolidated cards onto that one. Did it work? I mean, how did it work? How did it work? I mean, then I got involved in the business. How did it work? Did it work out? Did you rebuild the debt? Yeah, on business. This was when I first started business. Exactly. There you go. This is worthless. This is a waste of my time. You're a broken financial individual. You will never steady this ship. Your minimum monthly payments equal your net income.

1:30:22Your girlfriend has no idea what she's in store for. This is disgusting. What you are doing in life in this mindset you have. And honestly, again, the most damaging thing here is that you are able to sit there calm and collective and speak on this like you know what you're talking about. Even though you don't and you think it's because of connections. I know people like you. The serial entrepreneur. I employed one at one point as well. It was the person that was obsessed with endless connections. And he never actually succeeded anything. He just worked to work on something. He never actually achieved anything.

1:30:56You never are either. I will see. No, you won't. This is how you do it. I know people like you. You spend all the money on the entrepreneurial courses. You spend all the money on the self-help books and you never do a thing. And you sit there. You're able to use the correct words to sound like you know what you're talking about. But you're not able to give any statistics and any success rates. You can't even speak about the country hardly in terms of the property rate or authoritarian regime or they're trying to get oil off the ground. And they can't even do that when that would be the lifeline of their country.

1:31:29You can't talk about anything. And all you obsess over is connections, connections, connections. Oh, I need an investor for this. This is going to work out. Guys, I'm going to change it. Hey, I'm only just doing that now. I'm not going to do that in the future. Beating that down. No, this is. and I need you to hear this and like this rant that I'm doing because you are headed down a dangerous path that you don't even see. You are in a privileged position beyond privileged position beyond privileged position to live an incredible life. Incredible life. Incredible. Beyond much higher than the median, the average, whatever American you want, you are in the top 20%.

1:32:09You are in that incredible position and you are throwing it away. You are damaging your girlfriend. You're going to damage any future children you might have. You are damaging your friends. You are damaging your family. You are damaging yourself. This is a disaster. This is a joke. You should be embarrassed. I'm embarrassed and I'm disgusted. This is not behavior that you should be doing. You are overly confident. Your hubris is going to be the downfall of your entire life. and you are never going to have a cent to your name and only going to be in debt by the time you're 80 and you're going to be dying on the Walmart floor just to make ends meet, dude.

1:32:47It's so f***ed. Hammer Financial Score, go into the minds yourself, you dumb. Guys, join us in the post show. Sign up for Hammer Elite. It's free this month. I'm going to call his girlfriend and I'm going to let her know what the f*** is going on because she needs to hear it. She needs to f***ing hear it. What a joke. Join in Sign up for Hammer Elite Submit that proof of purchase at HammerElite.com And I'll send you a digital gift card that covers that cost Only for this month I'll see you there I need to talk to her now You have no idea how bad his finances are In these bulls** investments that he's doing And I need to Expose him for everything Inclusive members content Click the link in the description Or pin comment below And watch thousands of hours of extra and uncensored content.