Poverty From TikTok Brain Rot

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0:33My name is Jordan. I'm from Killeen, Texas. I'm 21 years old, and this is Financial Audit. thanks for coming down to austin so what do you do for a living up there in clean um i am a fraud case representative fraud case representative in like the banking industry yeah banking industry very good what are we making right now um i net 2200 dollars bi-weekly why weekly okay how do we feel living in clean off that 2200 um poor why i don't think that's enough money everything is just going up sure everything always goes up forever that's 52 800 a year net i wouldn't necessarily call that poor are there decisions surrounding your life and finances that are making you poor and the feeling poor versus the actual money that's coming in and literally being poor which you're wouldn't be with that income a little bit of both but you know that's your opinion huh that's your opinion but it's a little i don't know i'm asking you well no i feel like i'm just not making enough money you're not making enough money yeah you don't think it's anything to do that you're spending or the debts you've gotten yourself in or any of the life choices that you've made it's only about the money that's coming in no i wouldn't say that i wouldn't say that about 50 50 about 50 50 50 okay is this the industry that you want to be making a career no what do you want to be doing accounting accounting okay so i mean you're already in the finance space accounting i could see a natural transition uh what's your degree in do you have a degree uh no i just literally put a pause to my school and maybe about two weeks ago okay uh where were you uh a &m okay how far were we into it were we going for accounting yeah This was my last two years.

2:29This is okay. So you're halfway through college. Yeah. So what made us drop out, especially if that's the career path we want to go down? Finance, basically. Yeah. So I was on a program to where if you made under$45 ,000 a year, you didn't have to pay to go to school. Okay. But now since last year, this last year, I made way lower than that. So now I have to pay. Okay. And what's the tuition? I don't have no clue. I know I can't get enough aid because my parents, they're high earners. Yeah. So anything you'd qualify for, any type of loan or anything like that would probably be interest rates higher than you'd like to see.

3:10Yeah. Okay. I mean, school is certainly an investment, whether or not you're getting it for free, though. Accounting, you can make a very good career in accounting. It is. It is. But I think, well, if I'm going to go to school for that and pay, I have to work out this first because right now it's not going to work out. Wouldn't it make more sense to put our money towards school instead of fast food and holding balances on credit cards if that's what we care about? Like, where's our priorities? Because I think it's more of a priority being skewed. And then you're already kind of taking a little bit of a victim complex on, oh, I make a pretty strong income for my age, but it's not enough money.

3:49that's your opinion i i don't make enough money i don't think enough money for what to live well that's objectively incorrect that's your opinion i don't know that is objectively incorrect mathematically that is objectively incorrect how what do you mean mathematics what what do you mean how how who's living off her 52 000 year dude the what is the the median first of all the median household income in the united states is like 65 and your uh uh net what were you again 52 net yeah exactly median household in the u.s i'm not saying you're living in luxury unless that's what you're conflating uh median real household income was 74 000 in 2022 and median median salary in the united states

4:4759 384 before taxes usa today 2024 so you're making above that before taxes so you're making above the median the median as in the median so you just asked who's living off of that uh the median's living off of less than that does that answer your question yeah so you're wrong kind of what the i'm kind of wrong but how okay well maybe this is my situation i feel like i'm not making enough money okay i think it's your situation based on your decisions that could be it is i've seen your finances it's not about the income that's coming in it's about your lack of discipline your lack of budgeting you're around you've made bad choices bad choices okay i've made bad choices but we correct them you're not correcting them yeah if you say so okay okay i'm gonna agree with you 50 50 so object okay i'm gonna agree with you 50 50 what the are you do i make bad decisions yes but i don't think that it plays you know a lot on my finances i don't think it's just you know me i'm not the problem me i'm not the problem is that what you just said is that what those are words that just came out of your mouth i'm not the problem i think it's my income i need more income 20 of your spending 20 goes to going out to eat you need 20 50%.

6:21You need to eat. Buddy, another 20. Yeah, you need to eat, but 1.7 % goes to groceries. I need to eat. 20 % goes out to eat. I need to eat. Are you single? Are you only feeding yourself? I'm single, but sometimes I go with my sister right now. Okay, but you only need to feed yourself. Yeah. Okay. well you already spend $535 more on food a month than I know you could if you followed our meal plan that we've created that is healthy, sustainable the amount of calories you need on a daily basis yeah

7:06maybe it is your fault maybe there's a little bit of responsibility that can be here if that's what we get out of this conversation I'm going to be very happy you know it sounds like personal responsibility is basically not existing in your life and i would love that to come into your life yeah okay so you're going to go through the budgeting program we gift it to every guest so you get that it's going to be great you're going to go through that you get access to our meal plan and you're going to follow all the education so make sure you do that okay so your finances from your perspective and i'm already nervous to hear what you're about to say on this but zero to ten what is your score and then i'll give you my score at the end zero to ten zero being the worst ten being the best i'm gonna say a three okay so three and if you want your hammer financial score get it for free in the description below three out of ten why do you think it's a three out of ten what's going on with your finances today um well i'm i'm pretty much paycheck to paycheck but i do have a 401k so that's a good sign so that's the only reason why i get myself for three okay because retirement is starting okay uh five dollars 49 cents in savings and this ufcu this checking account 69 cents that i don't use that okay there's just a transfer account uh-huh now we seem to have some kind of loan is this a personal loan 1 353 what is this loan uh that's a line of credit a line of credit that you have up to $1 ,353 currently yeah that's 17.9 % interest what are you using it for random stuff it's never been paid off since I took it out so it's probably been up to 13 that's my income that's the problem it is you're borrowing for bullshit oh my gosh $1 ,353 11 cents is what is owed at that 17.9 % interest rate.

9:09And it's a$49 minimum monthly payment. I mean, it's going to take forever to pay off and that interest is going to be accruing forever. At 21, man. At 21. That's just so young to have something so bad. But yeah, give me grace. Just a little bit. Huh? Give me grace. Ew. What? Why would I give you grace? I'm 21. This loan's not giving you grace. You're 21. You're three years into adulthood. If you're still a child, then you shouldn't be allowed to drive. you should be able to live on your own you're right yeah you're right uh-huh i'll take it grace grace there's no grace plus you and your grace you say you have a 401k but you have a 401k loan i do that was for good reason please in october um i left my apartment now i think it happened october 29th my lease was up the last day of october i left my apartment to go to my mom's house when i got back my whole ceiling was on the floor and insurance and all that did not want to cover it due to uh the the city um code came out say the roof was never put on and right in the first place okay why so they didn't want to cover anything rent this insurance correct yeah rent this insurance and my apartment complex it was like the weekend so when i got back my lease was over so i had to move into another you usually have maintenance or someone 24 hours no there was no this incident maintenance couldn't handle like my whole ceiling was on the ground yeah yeah yeah but so you would have been able to get a hold of someone that could have gotten a hold of someone um it took them hours okay sure hours so i had to buy new stuff for this new apartment and i'm being forced to a new lease well hold on what do you have to buy furniture what did you have to buy tell me couches no you didn't had to yes i think you're gonna live without a couch yeah couldn't put a air mattress on the ground i lived on an air mattress for my first nine months in austin i'm way bigger than you what a mattress gonna do uh get a double thick air mattress that's not gonna work mattress on the ground okay all i'm saying is you did not need to you use the word need do i need a couch to survive no now do i want you to live without this stuff no i'm not saying that but taking a loan against your own retirement that has just started for something that is not a necessity to live so i disagree with your premise there it was more than it okay i thought i was gonna have to get another apartment or something like that because i was at the end of my lease and i although i had renewed they was like well we're not going to uh whatever that is they're not going to accept it because my apartment is down so i moved they moved me to a two-bedroom okay so i had to sign a whole new lease for that two-bedroom i was paying 650 for rent and when i signed leave they was like well we can't give you this two-bedroom although that happened but we can't give you this two-bedroom for 650 so you're gonna have to sign a whole new lease and your new rent will be a thousand and sixty dollars okay so i was debating well should i just move to another apartment a complex or why is this barring against our 401k because i didn't have no money i didn't have no savings okay to pay the little increase in rent what was the rent going from to 650 oh that is to take that is a big jump okay that's a bit on their part yeah okay and what did you end up doing instead uh signing the louise with with a different place no with them for the 10 for the 10 uh 1 000 yeah i want to take a moment to thank today's sponsor cook unity if you've ever watched this show before then you know that i love food not only do i love food but i love all different kinds of food cook unity is the revolutionary chef to you delivery service that's bringing you the culinary wonders of top-notch chefs right to your table.

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14:56Use my code CALEB50 for an exclusive 50 % off your first order. Cook Unity, where convenience meets world-class taste. All right, and then we have a couple of card cards. Here's, with that credit union, a Visa. Currently owe$1 ,006.34 with a$25 minimum monthly payment. You made a minimum monthly payment, and then you went and purchased. So, and there's fees, and there's interest. we're purchasing yeah again it's our income that's the problem right you're purchasing on a credit card that's accruing interest it better have been for necessities then if the income wasn't strong enough oh wait it's for a smoke shop and vape so i'm going into a gas station getting some bull mcdonald's and what's this insurance debt protection um if i was to ever get hurt or something like that or die it'll cancel out that it'll pay it off or if i was to lose my job it'll pay off oh if you were to lose your job pay what off this yeah i was gonna say if you died it wouldn't matter unless someone else was on it but it's interesting it would actually pay off okay but the mcdonald's and the smoke shop and going in the gas station getting some things yeah definitely necessary right to put on a car not the smoke that we're getting fees but everything else was mcdonald's was necessary i had to eat are you what are you you know that was a 12 30 cent meal if you went for a meal on what we do your meal would have costed uh cost after averaging out averaging out against 28 days three meals a day which is what we have in there because your meal plan is about three dollars and 57 cents per meal oh that sounds pretty good that does sound pretty good that's uh cheaper than that mcdonald's one so no that mcdonald's one does not look pretty cheap to me okay so did you need it at that time i would say yes why have you never heard of a grocery store yeah i go to the grocery store sometimes yeah one percent of your spending or whatever it was still weird you ever heard of a sandwich yeah it's a great new invention i eat sandwiches yeah it's cheaper than mcdonald's yeah is it as tasty no no trust me i love me some mcnugs but you can't afford it buddy you're putting this on a card you can't pay off and it's accruing interest and fees okay and you're having a debt protection on this like you're like already worried that like oh i can't pay this off if something bad happens if you're if you're having the worry okay do you cook uh no i can but got you you've upgraded your apartment i assume has a little bit of a kitchen now yeah does it have the ability to cook things in it oh okay it's barely used and we don't cook because okay i got a good excuse i work 58 hours a week okay even though i work from home make 58 work 58 hours a week and you can't pay off your card because you spend it all go ahead you wouldn't have to work as much if you knew how to budget go ahead to you um but i i don't feel like you know going out okay i understand being naturally defensive like when you're on camera for the first time and i'm going through your it's much more invasive than a lot of people think when they're watching the audience so i get it but to you that's the dumbest i've ever heard what do you mean to you we're already i already told you how much you spent going out to eat to you and this is you to you there is no to you there is simple 300 is less than the$900 or whatever that you want to eat.

18:39So to you, fuck off. To you. That's the stupidest shit I've ever heard in my life. So I get you might be a little nervous, naturally defensive, that is what happens on this, but also shut the fuck off. Okay. Okay. Okay. And I'm the one that's allowed to be mean. I'm the Caleb Springer. I get to be mean in the thumbnail and title. That's what we all agreed upon. Not you. Be nice. Give him support. He had the balls to come on. You don't. $288.39 on this card. $7.71 of interest is accrued. Paid a minimum of payment, but then we spent more than that on it. So, again, second credit card. Now we're spending money.

19:20And then we're not paying it off. And interest is accruing. It's okay. Okay, let me explain. I'm going to pay that off today. And I'm not going to use it again. Is that why it's okay? Yeah. Okay. I was about to reach across this table. Going in and getting some bulls**t. Some mart. You stop at the gas station and you just get so many purchases. It's right by my house. Congratulations. Especially if it's on... Everyone has a gas station near their house. I'm proud of you. I'm thrilled for you. If it's on a Saturday or something like that. Oh, yes. Known for the gas station days, Saturdays. Yes.

20:01I am getting a monster or whatever to work on Saturday because I'm not required to work on Saturday, but I do. So good. Go to Costco and get monsters in like a big pack. You're losing so much more on these individual purchases where you could get a big pack. I agree. I agree. I just don't go to grocery stores. I don't know. That goes completely. Brandon, can you play the clip from like five minutes ago? It was like, oh, no grocery stores. I go there. Yeah, I go to the grocery store sometimes. i don't grocery shop no more what is this dba air up dba airing your tires maybe i don't know it's like two bucks oh yeah yeah that's what it is 32.4 uh 32.24 interest on this and you're around with it that is an insane interest rate for you to around with you agree but you still do it all right sick great walmart capital one wally world the card we made a minimum of payment but what did we do shocker we purchased more than we put towards it that was okay too huh that was okay too what do you mean well i'm gonna pay it off today so why haven't you in the past then no i have but i always there's no there's no i i can't get excited about you paying it off today yeah because if you've paid it off in the past and then this is where we are and you're losing interest six dollars thirty six cents and it's stacking across all these then why would i possibly be excited it doesn't matter if you pay it off today if next month it's not paid off again right and i i agree with that but you know it's gonna be paid off i'm not i'm gonna try not to use it i won't say i won't but i'm gonna try not to use it what am i talking to right now you're like a wall a brick wall of just like there's some okay it just i feel like my words aren't making it through well i can't tell you that i'm not gonna spend on them no more but i don't know what the future holds i'm gonna try can i square your hair please because i need help i need a plan or something it's a natural defensiveness but this is like this is like actually stupid your logic and the words you're using are stupid and where are you getting the money to even pay these off anyway you have 300 in the statements that we have both of these were both of these combined i mean the last one is 288 this one's 268 where are you paying them off from um my uh check-in's account i got paid today oh so it's one of those things yeah i got paid today so i'm gonna pay them off i yeah that's such a worrying statement where we wait until like you're just so unfinancially figured out like you have you are structured in no way whatsoever your finances are just a mess they are that it's like uh the moment we get paid oh we're gonna do it and then we're gonna go into debt again and then it's gonna accrue interest and we're gonna go we're gonna do this so for raising canes that's what we're gonna allow interest to be accrued on and that's what i have a problem i don't i don't know how to just stop stop what like after i pay them off you know i'll go okay with like a month or two okay no that's great that is a great admission i am so happy you said that you know what that means you're not a credit card person chop them up close the account so you can never use credit cards again until you have financially proven to yourself that you're responsible you're able to budget you're able to manage your spending which you cannot now and you've self-confessed i'm so glad you said that congratulations okay this is the that's the that's the best thing you've said all day i may chop them up but i'm not closing them why because then he can just add him to a virtual wall then he can just go request a new card if you do not have the discipline if you are not able to if you don't give a enough to care about your future then what's the point what is the point of chopping them up that point i understand what you're saying but i need that credit age for oh you're just everyone these days you do i don't care it's taking advantage of you you're not taking advantage of it how many times if i had to say this buddy in what world is this helping you i agree with you on that point but in october you know when you apply for another apartment or whatever you're gonna need a decent credit score so it doesn't matter because in 2021 according to your application you paid off a ton of debt oh yeah a lot yeah a few years later we're in debt so you continue need to keep these open regardless if they're chopped up and then reordered and put in a virtual wallet or whatever it doesn't matter if you pay them off through what we talk about today given your history three years from now you'll be in bad debt again you are not disciplined you cannot utilize this credit cards are for the rare few who are incredibly disciplined with their finances and they can actually utilize it you are not that person it doesn't make any sense okay i agree so you will close them then because you agree with me I will close.

25:22I will close most of them. But I got to keep playing. You know, I just got to keep playing. Why? You're going to blow it up again. Okay. Okay. So you say I shouldn't keep playing. Yes, you can't. You can't. You can't. You can't. Okay. Because you're just going to max it out and that's going to fuck your credit anyway. I will. I'll close them. I will close them. I understand what you're saying. what a lot of people try to say where they want to take advantage of what are you trying to take advantage of credit for you said you're getting a house um i'm not getting a house um but i have spoke with um mortgage loan officers uh i've been speaking with them for the past couple months just to see where i was at you know monthly check-in see how much house buying power i can get but you said you can't afford to live how are you getting a house that doesn't make any sense Because rent is just so expensive.

26:14Right now, rent's cheaper than mortgages. Well, I'm not looking at no, like, you know, house, no big old house or whatnot. I'm just looking at like$150 ,000 home. What does that get you in that area? A nice three-bedroom, two-bathroom. Condo type thing? No house. If you can get a nice three-bedroom, two-bath for$150 ,000 in there, you have absolutely no excuse to say bringing home net fifty thousand dollars is living poor that is the most aggressively stupid thing i've heard and yes if you close your accounts it will temporarily ding your credit but for you for someone who maxes their out over and over and over again that's gonna do more damage in the long run that's gonna hurt your score by being over that 33 or 30 whatever it is utilization it's gonna hurt you and your finances by maxing them out i would rather you have a little ding now trust me we have more debt that'll keep your credit score alive okay 150 000 for a house that's incredible plus do you want to go back to school anyway does just settling down in a house make sense um no and yes i'm confused on that too like i don't know if you're confused on it don't get a house you only get a house when you 100 % sure know what your plan is okay so no yeah no house oh a credit card that is actually not terrible a credit card that you don't hold a balance on good job navy federal okay that's the one i'm keeping well no because it's the behavior around it you you failed three of four you failed three of four so all those bad behaviors will translate to the one you have open then right but that's a secured$200 card.

28:02It's only like two bills that are really going in and that equals up to about$200. And it's paid off every month. Well, did you say there's only two bills going on here? Yeah. Plus a little extra. Oh, that's interesting. Chili's, Starbucks. An Apple subscription thing. An Apple subscription thing. Netflix, McDonald's, Texas Roadhouse. Two bills. Okay, maybe not on that. What the f*** are you talking about? Maybe not on that statement. I'm only going to go the statement i have but yeah so what are you talking about okay well maybe not but it is but it is only cut it off you don't know how to use credit cards dude you're gonna ruin me it's like you haven't oh my gosh just like you're incapable of just recognizing reality i do But you said there's only two bills on here and then I had it literally right in front of me.

29:03Okay, well, maybe not that statement because I think I did get paid three times. So I was like, maybe I already paid it off before it then spent some more on it. But yeah. Do you want scissors to chop up the card? Are you real about it? I am. So you'll do it? Oh, this is real. It's not. We're not here to play around. This is changing your life, man. This isn't closing your accounts, unfortunately, but it is taking a step at least showing that you're willing to do something and that this conversation isn't a complete waste of time.

29:38This is why my heart is dumb and see how hard it's taking a bus through this brick wall right now. Trying to Kool-Aid man through this guy.

29:51Okay, this is it. Wait, those are all credit cards, are they? yeah i want to make sure you're not cutting up a debit card how many you got right there four good okay

30:07now just to be clear this is this is your choice doing this i don't want you to do anything you're uncomfortable with i think this is a great first step and i highly encourage you to do this but i do not want you to feel pressured yeah i'm serious about this i'm kind of like okay Atta guy. Might want to do like two at a time. Go ahead.

30:36This is the kind of stuff I watch to get off at home. Yeah. That's it. Okay. And then is Navy Federal what you use? That's my main check. Okay. There's$85 in there. Yeah. That's not much better. That's not what. And$200 in savings. $200 in savings? Yeah. You thought you had more or less? No, it shouldn't be nothing in there. Okay, so there's nothing anymore? That's just like a transfer account. Well, money goes in and money goes out. Okay, well, no money went in, no money went out. This statement. At least I'll let you look. Oh, sorry. Oh, yeah. Money went in and money went out. Wait a second.

31:19I think I misordered something because you also have a car. right? Yeah. Do you have a car debt? This is just a summary. Or was that car? I glossed over that second debt on another page because that was like your most f***ed debt. Wait a second. What's going on here? It's Wednesday. You need a free$20. Usually you get$5 for signing up for Acorns, but using my link in the description below, you get a free $20. There's no strings attached. Make your Wednesday better by getting a free $20 for signing up for an amazing platform in the link in the description below. Got it. Nissan Murano. I don't even know that car.

31:58I've never heard of that car. I don't even want to talk about that. Why? I'm pissed off at myself about buying this car. Why? Okay, so I think I bought the car in October. And I wasn't supposed to buy a car i was supposed to pay off my old car i only had three thousand dollars left because the following november is when i received like probably ten thousand dollars to eleven thousand dollars from my job okay i got my bonus and i got paid three times wow so i was going to pay off my car but i ended up trading it in and buying this new car why'd you go against your plan why'd you go against your plan though impulse right yeah that's the definition of your life isn't it it's okay it's uh it's a lot of people's problems it's where we live in a consumer culture oh no it's not okay but i at least understand it the 14.1 interest rate of insanity is though it is i'm thinking about getting refinanced right now well i mean what's your score what's your score credit like 670 what is your what are you able to refinance to these days um i don't know you said you're in the process i am in the process somebody's supposed to be calling me back when do you apply this morning oh the day that the day that you came on the show also what did you blow eleven thousand dollars on um paying off some like three thousand went to paying off the debt that we racked back up okay and this is why you can't have credit cards The thing about it is Christmas came up.

33:39Comes up every year. It's not really a surprise. Yeah, but I did a lot of extra things for Christmas that I normally don't. Yeah,$8 ,000 worth of things. No. It wasn't all that. What did you do? I bought a bedroom set and stuff like that, which was like$3 ,000. Okay. And I don't know where that money went, to be honest with you, okay? Let's just put it towards this new car, man. i only had it for a couple days the bedroom set no the money yeah because you blew it all okay not okay like okay but well i know what is it such a weird response okay so you're looking to refinance this yeah how though you owe 26 ,789 it's worth uh 18 ,300 okay well then i i don't know how much it works because i'm early in the process on it so i don't know well it's worth 18 300 so yeah that's not gonna work yeah we looked it up okay but it's not gonna work yeah no no no you are in the hole of this car i saw it almost 9 000 so that's kind of uh no they the the bank wanted me to refinance my car like from the mortgage side of things me obtaining the mortgage they wanted me to refinance my car to get a lower payment out of that extending the term oh they're trying to get your monthly minimum yeah but so your your term is going to be long basically that's not good you don't need a mortgage right now buddy you're 21 were you going in person at a &m or online okay do you want to stay in killeen no i know i know if you just answered your own like entire it sounds bad i know yeah no one's living clean anyway so it's like i'm kidding i'm sure clean's fine can't point to it on a map but i don't know what i want to do it just it wouldn't make sense you get in a house right now your mortgage rate would be high you say that you live in poverty essentially you your debt's high you'd be extending your car loan length and i don't think the interest rate is going to be much better where rates are today um based on your credit score it's i it makes no sense and then you don't even want to stay there where do you want to live um i don't know okay but not in clean yeah not so why would you buy a house usually you have to stay in a house for like five years for it to make sense you want to you want would make me you want to be forced to stay clean i don't i don't know because growing up um i were my parents they always you know they feared us from going certain places or just oh they feared you like you know they installed that fear like oh don't go this way don't don't go there you know don't go where like places yeah like places like what or stuff like that i'm so i'm trying to distance myself like what though i'm sorry i'm trying to get a little more understanding that's interesting you know how your parents were like oh don't do that don't go there like i was talking about moving for college and all that they didn't want me to move what yeah it's like what was the reason was it a financial thing no not financial okay because that would have maybe made sense what was their reasoning they just have different ones like crime and you don't know nobody in that city you don't know how is something what's to happen how we're going to get to you that's really bad that's really bad for life and personal growth it's being coddled and held by parents and not escaping the cocoon and you going off and living on your own i encourage everyone to go off and live on their own at some point i'm okay with also staying at home for a bit but at some point i think it's great to leave the hometown and experience different culture different world parts of the world it's good for careers it's good for building connections it's good for just diversifying your knowledge and learning more about the world um no they um that that's kind of that's that's kind of it's kind of weird and gross it's it is it is so you're afraid of leaving going basically because i know well with my job i can go anywhere but it's like that fear well what if i move here then i lose my job like i don't have connections like i do that makes sense uh down there also if you get locked into a mortgage you can't really trade up and down like you can for rent and if you want to go back to school you're about to get large semester bills happening yeah so you say no to the mortgage well no i do want to make that clear i think everything and there wasn't one upside okay i was just making sure no i know but like there literally wasn't an upside in any of the points we brought up well i think i just want to experience ownership you know or something you get what i'm saying because my sure but you're 21 you have a lot of life to live i understand oh so you own a car you have you have ownership right there everybody own a car but cool you've experienced ownership congratulations and then the checking account instead of doing the things like the mortgage or paying off the car loan that's at a terrible interest rate or paying for school because there's torque expensive we can't afford it what are we doing what are we doing what are we doing whatever what is snap finance that about my nephew uh it's a financing company like you know what is like a buy now pay later i bought my nephew uh um something from the jewelry store a chain to be example how much was it um i don't remember i know it was like it probably was like 1200 1500 how much do you owe on it no i paid it off that was the last payment stop spending money you don't have if do you want to complete school or not yeah that could have easily gone towards tuition it could have but you know he asked for it so oh it was in the moment oh hey hey uh can i have 1200 no i ain't got it Oh, well, I just asked for it.

39:44So by your logic, I should be able to get it. I can power it. What is it? And then stop an easy way every second of your life. Okay. Sonic drive-in Taco Bell. Go into the taquito store. Starbucks. Bubba's. Starbucks. Donuts. McDonald's. Starbucks. Cabo's seafood. Cash app and out$98. McDonald's. Taquitos. Pizza. I think. Yeah. Pizza. What is this acceptance now? Acceptance now. 128 dollars acceptance now financial loan oh how much is left on that um 1200 1244 to be exact is there interest um no right now i'm doing a 108 same as cash huh i'm doing a 100 day same as cash right now so i don't know if the interest occurs after yeah and it might catch up too it might accrue the interest from before if you don't pay yeah when does that when does that end uh may 5th oh i'm gonna pay it off with what money i'm just gonna pay the money like what when i get paid i'm gonna pay it out that's what i did last time but it goes towards everything else right now yeah oh just empower advance empower me okay oh my gosh it's hidden so many hidden things what what that's an advance that's an advance payday advance

41:22you want to be a f***ing accountant what are you going to account you can't account for your life I'm going to pay I'm going to pay it off when I get paid takes payday advances I'm going to pay it off when I get paid No, you're going to pay your payday advance when you get paid. Pay it off when you get paid. There's no paying it off when you get paid, paying it off when you get paid. That's stupid. That doesn't make any sense. You don't have money to pay it off when you get paid. You got to pay your payday advance until the last time you got paid. Yeah, you're right. I am right. So stop f***ing with me.

41:51Stop f***ing with me. You can't. I took you at your word that you could pay it off when you got paid. How? How? Because I don't have that no more. You don't have to payday advance anymore? No, it's closed. it and I... What do you mean they closed it? Well, I closed it and I can't open it up again in 12 months because I don't... Oh, thank... That is the blessing of a lifetime. That is the blessing of a lifetime. It's the best thing I've heard all day. It's the greatest news. What else is going to be uncovered in this checking account that I didn't... Dairy Queen? Tipsy Gators, Starbucks, Raisin Cane, Starbucks, Cash App and Out, Pizza, Cece's Pizza Oh Cece's What's up with people going on Cece's on this show all of a sudden Like we had that the other day What the f*** is happening What are you going to a Chuck E.

42:44Cheese for My niece and nephew wanted to go to Chuck E. Cheese So I took them to Chuck E. Cheese Okay yeah you can't afford it Tell them to go with their parents Okay

42:55Subway McDonald's Listen what Jared did is obviously not working So we don't have to go there

43:09okay then a hundred dollars went from we started with seven dollars in this account and 100 oh my gosh the spending it continues it's crazy i forgot there was another document i went through these and i forgot there was another document i thought we got through the spending but no oh no oh no we didn't no we didn't because again college is too expensive we can't pay for it so instead let's go out to eat 900 a month that makes sense stupid starbucks taquitos raised in canes mctonnell's you go out to eat every day yeah you go i do i'm glad you admitted that and that's up it is i i agree with you on it but it's i don't know how to grocery shop i don't know what i need what i'm gonna need because well thank goodness you're getting our meal plan because me also another great invention called the cookbook i know how to cook i just don't know how to shop what do you mean like grocery shop you have h-e-b there right yeah select it all in the car and pick it up for free i understand that but is this gonna last me you know it'd be like what like let's just say if i go grocery shopping i i don't know i i just don't know how to grocery shop but i don't know how to grocery shop coming from a grown man is an insane statement i get that but i don't know how to go like you can't blame me for something i don't really know how to do what is it well i'm a little confused because i mean i i was never handheld walked into a grocery store with a teacher and been like this is how you grocery shop like who learns how to grocery shop you literally go and get what you need for the next two weeks okay for the next two weeks like that like do i get stuff like once a month do i do it for every two weeks i don't do it's up to the individual some people go after like multiple days a week to get what they need for the next couple days so i shop i'm like an every two week person some people get the grocery pickup some people do once a month with these big bulk items from costco and stuff this is but the internet's free dude it is it is i'm just looking forward to your plan to see how you set it up or something because i don't know how to do it mcdonald's taco bell taquitos taquitos starbucks texas roadhouse it's also just none of this is good for you tipsy gator raising canes oh there's snap finance taco bell the uh you know it's it's going to slow down i can't say it's going to completely stop but it's medical reasons behind it medical what what medical uh i'm pretty sure it's putting you in medical yeah that's what i'm saying that's why i say i gotta like tone it down because i'm actually getting tested tomorrow for a pre-diabetic i think and how do you think that's gonna go um hope for the best preparing for the worst okay do you think you're diabetic yeah uh-huh with my eating habits yeah i didn't want to say it but going through all this i mean I mean it's worth I'm gonna think so I get it I get it but this is not good for you this is not um just reality basic reality not a shame thing because people confuse reality with shame what is going on right there is not suggesting living past like 50 right and I don't want that for you because there's no point of us getting our finances together if you're not going to live a long life right and i want you to live a long life so this the sacrifices you are going to do now are going to be for a greater future right okay subway mcdonald's and then yes 2424 and 401k but we're barring it against it anyway so it's just like uh

46:59i mean that i've lost my pen out of rage I would say well that was for a good cause I would say maybe not a couch I don't think you understand I didn't know where I was going to live at that point that doesn't involve couches that statement does not involve couches bed frames okay I agree they don't what are you spent $41 at HB $900 going out to eat $900? Just about. Round of it. Okay. Y 'all, this is the time to switch to my favorite high-yield savings account. With SoFi, you can get 4.6 % on your money. I hate when my money is just losing value, so make sure you're keeping up with inflation at the very least.

47:48You can also get FDIC insurance on that money up to$2 million with them. Plus, they'll give you money up to$300 when you set up an account with them. There's even extra perks like being able to get paid a couple days early. SoFi is what I use when I'm setting money aside, and it is the banking app of the future. Sign up. Link in the description below. I always want my money to be making more money, so don't lose money on yours. Let's go through your spending categories. Just so you've probably never broken down. You've probably never budgeted in your life. Let me guess. Okay, good. Bad, but let me tell you.

48:18In terms of going to debt payments, net$522.71, or 12.4 % of your spending. $1 ,138.43 went to housing, or 27 % of your spending. 0.6 % went to your phone bill what's your phone what is it uh iphone your bill your oh 95 okay do helium it's 20 it's the easiest thing 18 18.7 percent went to transportation or 789 dollars 44 cents necessary food going to the grocery store 71 dollars 7 cents or 1.7 percent of your spending 19.8 percent of the spendingness we've went over before or 835 dollars 64 cents went to food unknown shopping typically amazon walmart that kind of we know it's not groceries so it's 4 percent 167 dollars 77 cents went to that savings 1 percent subscriptions 0.4 percent 75 dollars 54 cents went to miscellaneous bull going stopping at the store getting all that crap 1.8 % the gas stations $533.09 other large expenses which was$12.06 other large expenses equate to in your situation cash out money friends with benefits FWB that's where my brain goes how much was it $25.11 cheap friends with benefits oh I have no clue what that is.

49:51Something owes the receiver and the acceptance. I didn't think it was that much. You get every meal going on to eat. I understand. I'm surprised it's not more. Well, yeah. You're right. I didn't know it was that much because I've never really looked at it. And looking at it, something needs to change. So let's look this back to the beginning of the conversation. Brandon would you be kind enough to play Where he says that he just doesn't make enough And that's all No I feel like I'm just not making enough money It's obviously Very Beyond clear that is your spending It's not your income It is your spending And I hope you can acknowledge that now Can you acknowledge that It is my spending But at the same time I think I'm not making enough money Oh my gosh I agree No, you didn't.

50:49You just said you weren't making enough f*** off. $4 ,400 comes in on a monthly basis. What is your rent? $1060. What about utilities? $150. What about internet? Included in rent. Your phone bill. Will you switch to healing? Do you owe on your iPhone? Yeah. How much is your phone bill? How much is your phone bill again? $90? $95. Kill me. car insurance 185 gas on a monthly basis probably 50 bucks no no yeah i don't i don't go nowhere but that would eat but it well i couldn't tell if it was gas or going inside and getting a shot but anything over ten dollars at a gas station equated to 132 dollars okay i'm gonna say a hundred dollars okay yeah you put that what's your minimum of the payment on the furniture uh 129 bi-weekly

51:50your debt minimum monthly payments

51:561042 that's my debt monthly minimum monthly yes okay that explains my income that's you $300 for groceries $100 for your TP fund It's anything else you need to exist Medical Ongoing? Nothing right now What's the copay going to cost At the appointment tomorrow? I don't have no copay I don't think so Never paid a copay Gym? I got one at my apartment Do you use it? No subscriptions hold on not even netflix no there's nothing on there anyway so calm down okay you're gonna be working but i i watch youtube's free okay okay that's it anything else in your life that i need to take in account um yeah so that 4400 it should be like what it should be no income yeah 4400 is actually like 4 000 because i put 200 in a savings what savings i have a usa savings account no you don't it's not going there anymore why not because it doesn't make any sense you're losing 32 interest what is that that 200 what kind of interest is it gaining in that usaa account even if it's at like in the sofi 4.6 percent it's losing to the 32 interest you're losing on your credit cards it doesn't mathematically make sense okay but what if something happens and then i don't have savings and then i'm back you already don't have savings so it doesn't matter i got a little i got a 400 no i'm gonna let me walk you through the actual program okay okay that's you're not doing that okay you're not doing that anything else that you have to pay for on a monthly basis um and no you're not going out to eat because it's stupid it's killing you and your finances so no going out no going out to eat okay i'm sorry nothing else minimum okay in order to survive and this is great this is great you know what i am going to put in a little going out to eat can we just do it in a healthy way potentially um so what i will do is i'm giving you 150 dollars oh to go out to eat on a monthly basis congratulations Congratulations.