Privileged Sugar-Baby Is A Vile Leech | Financial Audit

36:57Come on. Close this card. You're not getting any benefit from this. And it will hurt your credit a little. But close this card. You're not paying a fee to increase credit. We're not doing that. There are some services where it actually makes sense a little. But again, with this, you're not getting any benefit. It's not a credit building service. It's a credit card where you're just paying a bank plus accruing interest. Oh! I mean, if it's 12 months in a year, but no, we're 11 months in a year. This isn't even the 11th month statement. 10 months in a year. It'd be$30. It'd be your annual fee. Your fees charged on this card alone, this year has been$232.

37:41More than the literal. No, that's basically the credit. limit on this card that is insane that has to be mountains of late fees mountains of late fees and you thought there were no other late fees on any other cards you don't know what you're talking about you don't know what your finance is like you don't know how to look at a statement you don't know how to look in depth to things as in a number so that i'm trying to think of when that happened the moment you get home this is not even an option the moment you get home lindsey's sending them to you start going through the debt class start going through the debt class thoroughly go through the budget class after that thoroughly leave the investing one for a second because i don't want to over complicate things yeah but start taking too much information at one time i'd be too much take the quizzes the fact that you cannot read a statement make sure on-time payments are dealt with and learn how to build a budget and understand what's happening go through all the education we have made because you get it for free and guess what this is actually what pisses me off because out there they can get it for 15 off but the people who buy it over 10 000 people bought it they go through this stuff because they buy it so because they put money towards it they're investing in their future they actually take it and then they we see results from them but i have guests come on to the follow-up channel who get it for free and then they don't take it because they get it for free take it change your life okay sorry listen i'm a little upset right now because you literally just told me on this last card that that was the only you were confident that that was the only card that you had missed payments on.

39:12That is objectively not true. I knew that the indigo card I had at one point in time gotten behind on it to the point that I couldn't. Why did you tell me? I didn't know if it was this year or not. I thought it was last year. You had this card. This card's horrible. It's horrendous. Let's see. I'm trying to think. I had that For like maybe two years. How do we function as a society, guys? How have we made it to 2024? 2025 almost. Good for us. We're surviving. I'm faking it until I make it. Basically is what's happening. You're never going to make it with your faking it. That's not how this works.

39:50You're going to have to actually change. Take control. And then you have a chance of making it. You're never going to make it with your faking it. I'm down to change things. I'm down to change things. Good. I think I just let things get out of hand. And then I'm just. why did you let things get out of hand for so long um if she's not able to answer this i am terrified for the rest of her life uh at one point in time like financially we got into like kind of a hole we him you and yes you and the guy where you know nothing about his finances nothing about yours great right we had kind of got into a hole like in between like a job shift for him and so i was stacking a lot of things on my credit cards to try to like kind of make up for things that we were lacking and then it got to the point that like so much money was going to try to like pick up the pieces from a hole that i kind of let um is it before you stuck it in your hole yeah actually it was not too far before okay so it was only like a year ago yeah about a year and a half ago um he was those are hard times yeah i'm sorry and that's you know we get we get deep we get rough we get scrappy we figure it out and sometimes it puts us in a little hole for a while but you've had a good amount of time to dig out of there now we got dual income coming in so i wouldn't say okay so dual income yes and no like i i don't benefit from his income are you going to when married do you know how you guys are going to do it again it's not like a converse i mean it's always been separate like his his stuff is his stuff and my stuff is my stuff like some things like for the households like we share like down the middle then so i pay all the utilities and i buy all the groceries and he pays the rent which is definitely more expensive than utilities yeah so like that's why that's why but again he's there for six days a month so does that even matter you're just getting the groceries for you yeah this is so like a little weird but even So you're saying he pays the entire rent.

41:54Yeah. Rita's like$1 ,100. That's huge! For a two-bedroom, two-bath. For your income, that's huge! Yeah, but I don't pay it. Exactly. That's what I'm saying. Yeah. No one wants to think about debt, but the cold hard truth is many of us will get deeper in debt during the holidays. Last year, half of American consumers took on debt to pay for the holidays. And this year could be you, could be me. It's never too early to start planning to get out of it. And my friends at PDS Debt can help you with a personalized solution just for you. If you're making payments every month on your debt and your balances aren't going down, PDS has solutions for you.

42:38Everyone with$10 ,000 or more in eligible debt qualifies and there's no minimum credit score required. Bad and fair credit is accepted. Save more while paying off your debt in a fraction of the time. Start planning today. Get a free debt analysis right now at pdsdebt.com slash hammer. It only takes 30 seconds. That's p-d-s-d-e-b-t dot com slash hammer. p-d-s-debt dot com slash hammer. We're not fully independent from each other. No, not from each other, no. If he's gone, if his truck gets in a little whoopsie off a cliff. I hope he's got good insurance. But yeah. Are you on it? No. then yay i mean i got hope like he's got like you know i'm saying if he dies which i'm hoping but life is life is life and you're not prepared for it and you are in a scary situation you can't afford to live and your rent's already taken care of correct yeah so what i was trying to say is it's okay to get into a hole for a while life happens and we get gritty and we get scrappy but we learn things out of there and then we do what's necessary to pull ourselves out again nothing's happened on here except for we have late payments this year which is not when the hole happened multiple late payments and we have a card that is going up out of two that we've looked at so it can't just be about the whole a year and a half ago your actions today are horrendous well i think so the hole kind of put a lot of his finances like why did his finances matter right now because i was like trying to right now yeah i was it during the time that that card was late he was still dealing with he was still dealing with some of some like behind payments on a few things it's just like so you were behind because he was behind because i was using my like i just didn't have the money like all my money was going towards a 40 dollar minimum monthly payment yeah you cannot be in that kind of life with a kid you can't be that's not our choice it is not a choice you have a responsibility now so like i felt like i was doing something by at least getting the minimum payments made like when i could like at the time no but like as of now i was doing what i could to make sure monthly payments were taken care of so it didn't get any worse i'm gonna set you up with even a little extra thing just so you can run your business a little better usually it's more meant for careers but i'm gonna gift you a free course career certification okay for accounting so you can account in your business usually it's for people like out there to go get an accounting job it's great for resumes we love course careers but you're gonna do it so you can learn how to do accounting for your own okay because you have no idea what you're talking about Yeah, you're borrowing basically everything you make.

45:26Yeah. From small business loans. Right, right, right. Very curious to look at those. Okay. Oh, another Capital One. Platinum. Sorry. What happened? I mean, that one, the other one, the first one is secured. So this is like my step up from that. Oh, wonderful. $341.20 with the$25 minimum with the payment, which, again, these are not crazy compared to a lot of things on this show, but it doesn't matter because compared to your situation, is or is he? And guess what? You doubled your minimum monthly payment. Yeah, right. I was trying to do something. Can I get some cards? But then I probably spent on it.

46:03Wonderful, wonderful, wonderful. Then you spent more than your f***ing payment so it doesn't even matter.

46:11Yeah. I usually like swipe a credit card like whenever like I didn't have money going to my account from like the day of work. and then i think well the minimum you're advancing yourself on a credit card essentially technically well kind of if it's like a monday or tuesday that like obviously i'm not going to work and get paid that day no of course not i'll just swap you can't work on mondays and tuesdays it's just days i don't have help with my son because why who's helping you on the other days so my mom and my sister will come and sit with him on uh they cannot on monday or tuesday no What are they doing on Monday or Tuesday?

46:53They're not doing it on all those other days. My sister's a bartender, so she is off random days throughout the week. She's also the top-serving bartender in all of sulfur? She lives in Prosper. That sounds much better than sulfur. She's off on Mondays, but she is about to graduate from college. So she goes to college on Monday. If they can't help, they can't help. It is what it is. And we know with how much money comes in, child care would likely be more expensive. I would basically be working to pay for the child care. I can take the little child. I can take him, but the amount of time and attention that he needs.

47:28Punch him. No, I get it. But the thing is. He does have a babysitter that he does go to only on Thursdays. She watches a couple of other kids. How much is that? 40 bucks a day. Do it. Are you kidding me? Mathematically, you make more than$40 a day when you work. No, I know. So on Thursday Do it on Monday and Tuesday She cannot watch him on Monday and Tuesday Why is everyone all of a sudden Doing something different So on Monday and Tuesday She watches another child That has an issue with like biting other kids And so she just Wants to be safe He doesn't even have any damn teeth Yeah They won't get hurt but they'll get deterred 939 in interest Okay okay mini mart went to little mini mart and dollar general probably don't do dollar general by the way usually the cost per like ounce is bad you get smaller portions so it's cheaper but general what do you mean as in when you went to dollar general oh that was medicine for my son he had covid like from dollar general so he can't have like he can't have like prescription medication yet so like you know that was the thing in the pharmacist and dollar general no no okay the mini mart may 50 hours in fees this year so far so you're late on three cards in a row you only said you would be on late on one are you kidding me oh i've been laying on i guess i was thinking when i thought capital one when i thought capital one i just meant like like all the capital ones both capital one yeah that doesn't make any sense what kind of what okay and then yeah sorry of over$100 in interest this year so far on here.

49:14MasterCard. When you thought Capital One, did you think MasterCard as well? No. That's not late. One main financial. Brightway. This is 50 things. MasterCard. One main. Brightway. We'll call it one main. Please tell me it's small. Again, it is small, which is going to help for cleaning these up. It's ridiculous. $384.02. It is the biggest so far with a minimum payment of$25. Okay. no new purchase is good interest bad and only minimum payment made takes two years to pay off the way you're doing you didn't know that that it would take two years no okay i just kept hoping and praying minimum pay sake fees up the apple this year 90 dollars of fees multiple annual fee huh that's the annual they have an 89 annual fee yeah i don't you're 100 sorry and it is 89 $89.

50:08Yeah. Do you know? I can't trust you. You're not a reliable narrator for your money. You don't know your numbers. Because I did look at that one when I applied. That is an$89 annual fee. It wasn't too in-depth for you? No. I did make it through that one. This is at a 36 % interest rate. Is that the highest I've ever seen on a credit card? It might be. That's insane. I didn't even know that was a thing. because they can't compete in the marketplace but apparently they can because anyone will just open them and then they charge the annual fees yeah I don't I don't think I've ever so I've never looked at interest rates when applying for credit cards ever but what about the annual fees though because that's so baked in regardless if you're holding interest or not yeah for you a lot yeah I don't know I don't really know what my thought process is okay merrick bank what do we have here that one's pretty high i think oh good i felt like such a happier conversation at the beginning didn't i was happier you're having a good time oh no you're not above your credit limit oh you're close okay no no no none of them are above my credit limit i do very well and not according to you there's only one that you had late fees on so far it's been every card so that's okay okay maybe not the last one i still can't trust you yeah but five hundred forty one dollars and 82 cents six dollars in fees annual monthly fee no i like the shirt golly probably done i poked myself maybe you'd stop going so crazy with the pin that might not happen that's what i do 41 in minimum monthly payments no new purchases good your payment was only$35 though and then interest at$13.21 I guess you just maybe got pushed to that new level yeah enough fees this year to make sense for those monthly fees so that actually makes sense it doesn't look like there's extra in here and then $125 in interest we have to be close to$600 in interest this year so far across these cards just about it might help if I would look at how much these interest rates are before I just start applying applying applying to these random cards.

52:21It's probably the best. Is that what you think? Come to that conclusion. That's your takeaway. Obviously don't have as many cards as I do, but if I'm going to apply. That's your takeaway. No, no. Don't have as many? Don't have as many and don't charge to them the way I do. You can't have credit cards. You can't. No more credit cards. You can't have credit cards. You need to close your accounts. You can't be trusted with them. You don't know how to manage them. You are not responsible enough for them. and that's okay. Who cares? I don't care if you're good with credit cards, but don't give yourself that reason to fuck up.

52:54You like the leeway? The ability. Not even the leeway, the ability. Take away the ability. If all you've taken away with it so far is I need to stop applying for new cards. Oh, fuck me. If I'm going to have a card, I should - You're not! Okay, I'm not going to have a card. No more cards. No more credit cards. Okay, yeah. $2 ,016 on the BMI card. Okay, actually a large balance finally. Unpaid deferred sales tax of$81.39. What the f*** even? What is that? $1 ,000 of insurance. Wait, be this statement. What is that? Oh, my goodness. Look, guys. Oh, oh. What is it? I am proud of you for making it to 25.

53:40I am proud that that child has lived until now. Oh, that's my car. That's my car. What? Wait, what? That's my car loan. I don't believe you said you were better off than most people because you don't have a car loan. So it's not in my name. It doesn't affect my credit is what I meant. Like that isn't stacked onto my credit. What are you? What even is your existence? What are you? Like that wasn't added on to my desk. Who's this even in? This is my stepdad. in my mom's name. Your stepdad's. Yeah. What the f***? Why? Because I didn't have enough credit to get a car. And you still do it because you keep f***ing up your life and your credit is still f***ing.

54:28Yeah, it is definitely still f***ing. What even is this car? It's a 2018 Altima. I've had it for almost four years. It's actually worth $7 ,000. Yeah. I mean, it's not terrible. You owe$2 ,000. I don't know. You have an equity position. Yeah. Yeah. So it's not the worst. No, I'm saying that is a good thing no the loan's probably bad i've had it for like four years so you're likely mostly done with the interest part and like technically i mean yes it shows in my car but your late fees you're late so my wait wait they're late they're late no no i my the money goes to them like they're supposed to pay for it and it's late this is in their credit yeah it's there it's yeah why are they late are you late to them to them to be late so whenever whenever my stepdad got the loan in his name he was getting paid on mondays so the payment was due on a monday versus it being on a friday when i could pay it this the term says 219 that would be 18 years that doesn't make sense uh-huh 219 oh payments oh a weekly payment sorry that's it's set up weekly they set it up as like a weekly payment okay so it's a four years four more years no no four years total but you've been doing it for four years if it's weekly it comes out to four years so i pay 125 a week i pay 500 a month towards the car well and all it's what was the how much time is left just whenever i get done paying off that no no no no no no no no no no wait what's the minimum monthly payment well i pay i pay 500 what's the minimum monthly payment on the whole loan i have no idea what is happening so i pay i pay so the minimum payment it looks like it's 122 I pay$125 towards it every week.

56:11But the monthly minimum is$125? No, the monthly minimum is$122 times four. It's always been set up weekly payments. So I don't know. I pay weekly on it. It's not like every month type of deal. There's only$2 ,000 left. This means you're done in a few months. But are you? Yeah. You sure? Yeah. You're really doing some damage. So the only reason why it shows light feet. What was this balance when it first started? I'm not 100 % sure. How do you not know anything? Because my parents got the car. It was a surprise because I could not afford to do it. Surprise, here's a$500 minimum payment. Oh my gosh, our society.

56:56Yeah. Our society. I just told her to go get me. I said, I need a car. And me and my fiance before he was my fiance at the time tried to get one in both of our names and it just wasn't working you had a fiance this fiance oh you said at the time okay we weren't not we are not we were not engaged at the time no so he wasn't a fiance so okay yeah before he was my fiance we went and tried to go get a car in both of our names but it just wasn't working so my parents what i'll put two people who are engaged for two and a half years and know nothing about their own finances and continue to up when together before they even knew less about each other were unable to do it what yeah it's so crazy right so um my parents were like i'll help you obviously we'll put it in our name but it's you're gonna be your who's paying the late fees them or you me i pay for everything so you were they have nothing so you were late yes technically do you even know did you even know i was so the payments are due on Mondays versus my money being...

57:59But this is on their credit. They allow that? Yeah. Hold your mom. 51? 51-year-old's credit. Wonderful. Yeah. I don't... Didn't mean to. What do you mean didn't mean to? You were late on everything except for two cards so far. Two out of the 1, 2, 3, 4, 5, 6 stats we had. That's all the cards though, right? We're done with cards? I don't know! Oh, I thought we were, okay. You're successful a third of the time on making on-time payments on accounts. A third of the time! I didn't mean to? What is gloss genius? Oh, is that? That's what I've paid towards. So with that small business loan that you...

58:51I don't even understand what that is yet. I have to take a look. I didn't even know it existed. What do you mean? So it's like... Is this the thing? Is this the payroll? That's the 2000. That's the 2000. It's not technically a payroll loan. Oh, no, it's not. This is pay advancing. These are Michael Little Payday loans. small business loan you don't know what you're saying oh yeah you're getting them every second of your damn life are you doing it every single month are you doing it every single month your little payday loans no I'm not doing it this is the first time I've ever done this good make it I've never done a ticket loan out before good because you're going to get stuck in an unending spiral because when people do these little pay advance things they have to put their next pay to the pay advance that they already took out.

59:43Now they don't have any money, so they have to take out a pay advance and it's an endless cycle. If you want to earn a$3 ,000 bonus, you need to keep listening. Silo is running an exclusive launch promotion just for you guys. Silo's like Robinhood, but for bonds. And they're doing the best signup bonus I've ever heard of. If you deposit right now using my link, they'll boost your deposit by 3 % up to a$3 ,000 bonus. And US government bonds are already bringing in 4 to 4.5%. bonds are especially interesting right now because the fed has been cutting rates left and right with more cuts expected all throughout 2025 potentially even dropping all the way back down to zero even i got a notice from my bank about cuts so if you see your savings rate already shrinking it's time to take action with bonds you can lock in today's rate of 4 to 4.5 with the u.s government for one two or even 10 years and the best part once you buy your rate is locked in even if the Fed cuts rates to zero.

1:00:40For those like me who prefer a bit of peace of mind, U.S. government bonds are risk-free because of their ability to print money and pay you back. Also, all assets on Silo are stored with interactive brokers and protected by$500 ,000 in SIPC insurance and up to$2.5 million in FDIC insurance. This limited time launch offer is only available for the first$10 million in deposits and a big chunk of that is already filled. so if you want to get a$3 ,000 bonus don't wait take advantage of this opportunity to lock in over seven percent rates only with silo at the link in the description below now let's jump back into the episode you can't go down this path once this is gone this is gone turn this off from your brain it doesn't exist okay it was just a crazy i had to have this gel polish collection let me see what i can do and i got it like i don't know what's going on in culture right now what do you mean it was like 288 gel polish colors so the highest quality special special like shrek's anus color or something like what what did you mean that didn't exist because i didn't already own those colors i started off with like i started off with like 40 no i'm lying maybe like 30 different colors that i've had for like the entirety of my nail tech journey why can't you cash flow your business though i don't know i feel like i'm just not bringing at the time i was not bringing in enough money to keep everything going.

1:02:06And I had a problem. You're still not. And if that is the case. But if I could work the same amount of hours that I was before I had my son. Are you not? You already said you're not, but you told me how many hours you were working. I was working six days a week, 12 hours shifts. So you lost one. I was working 12 hours a day, every day, except for Sunday. I was only off on Sundays. You might have to bring the kid, dude. You have the kid, you have the kid, you guys on the road all the time, or you're changing careers. But having a two hour. I'm sorry, paying bills comes first. You got to figure this out.

1:02:34No, I know I have to figure it out. But like you have to bring the kid or you need to find another$40 child care sitter. That's incredible, by the way, that right. Yeah. So you need to find another one. Maybe some grandma around town that's doing nothing and is falling down and dying. Get one of them to look at the kid. Just make sure it doesn't fall down with them. That's the problem. My postpartum anxiety is through the roof. My postpartum anxiety is like through the roof. Like when it comes to other people watching him or him like not being the people I don't know. The postpartum anxiety or the I'm not going to be able to pay bills and we're going to get evicted.

1:03:07It's all crammed. And this child is not going to have a place to live. It's crammed on top of each other. Okay, then maybe vet the person. Have them come hang out with you for a day. Pay them a daily fee to come hang out with you. Vet them. I can't afford to pay them a daily fee. If they're stinky. Huh? I can't afford to pay them the daily fee. A$40 thing? If we can get another$40 person, which is incredible. This just must be a small town thing over there in Dankville or whatever. What's it called? Sulfur. Tankville, yeah. I don't know. How much is owed left on this? Glass genius. So, I just got that paid out last month.

1:03:40So, I've paid $270 just since I got it. So, from October till now. What's the interest? So, it's a fixed fee. What's the fee? $398. $389. $389. What? $3? No,$389 is the fixed fee. They give you... Of the$2 ,000 or is that included in the$2 ,000? That's included in the... So, it's$2... $23.89. What was it again? Say the fee. $3.89. It's like a 19 % interest rate. Yeah, basically 20%. I did know that. Interest rate. Interest rate. Fixed fee. Dude, why would you pay the advance at a 20... If you're taking out a small business loan, you don't go 20%. You go like 8 to 10. Shopping is hard, right? But I found a better way.

1:04:28Stitch Fix online personal styling makes it easy. I just give my stylist my size, style, and budget preferences. I order boxes when I want and how I want. No subscription required. And he sends just for me pieces, plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today at stitchfix.com slash Spotify. That's stitchfix.com slash Spotify. And even that I don't necessarily like. I don't know that kind of stuff. I'm just, I don't know that kind of stuff. Google! I mean yes this was presented to you in an app and you're like well yeah kinda I was like I need you gotta stop looking at things in apps every time you see something in an app you have to f***ing borrow it you're obsessed with it and credit karma ended in this f***ing gloss genius f***ing gloss genius anyways it's literally a booking app but they send me stupid notifications it's like we can help you in your small business and guess what you're stupid for accepting them yeah yeah I thought at the time at midnight, I was making a great decision by buying this gel polish.

1:05:32I mean, it's wonderful. It's beautiful on my wall. Oh, good! Oh, on the wall instead of on people's nails. That's fantastic. It's so good. I'm so glad. It has to be stored somewhere. It's stored on the wall. Yeah, but you realize what you just said? Come on. That was in your brain. It's beautiful on people's nails. That was in the back of your brain. You know it. It's great on people's nails. That's just all my... So every time I... Good! So we owe$2 ,000 essentially. $2 ,100. And what's your minimum monthly? Do you even know? So I have to pay at least$2.66 every 60 days. So this is how that loan specifically works.

1:06:08So every time I charge a credit card or a debit card through the app, like if somebody pays with a card, they take out like 30 % of that charge. So I'm never outright paying for the loan. as far as a monthly payment. That's insane, dude. So it takes out a percentage. That's insane. That's so much less control of your money. This is a bad product. Yeah, I'm coming to realize that as I have noticed my income decreasing. Repayment rate is 30 % per transaction? Yeah. So every transaction? Every transaction. To get to it, 60-day minimum, 266. Okay, I marked you it as 133 a month. So I technically pay more than that towards it.

1:06:59That's just like, if I don't hit that, then they just pull it directly from my bank account. Indigo, another Indigo. Indigo 2, the sequel. We're back with more monthly fees. That was a different one. Monthly fees? They haven't even put anything on that card. It doesn't matter if you have the Indigo. Oh, yeah. It has the monthly fee, like$9. Yeah. Close this card. You have nothing on it. And it's paid. You're being charged$10 just to have this card. Close it. It's stupid. why give yourself another subscription this is a third of your netflix bill almost but you have two of them so it's almost almost your entire netflix bill just to be lucky enough to have those cards what i just opened another card to like right now that i don't have no no no that one is the card that i opened to show that i have to give myself more like credit limit that i haven't your credit limit that's not how you operate you always get to your credit limit that will be in the coming months unless you change that that's how you operate in life how have you not realized that this is a behavior thing yeah i guess this is all you not being able to manage your money not being able to build a budget not being able to control what comes in and where it goes set aside money for taxes be able to pay bills on time and not make late fees and have enough money you're checking to go to pay the bills yeah so i've been like thinking that the more I take out well I was trying to be more cautious with that card I actually don't carry that card with me so I don't spend on it like not in my Apple you know you're gonna get it I'm not you know you are a walking example of exactly what's gonna happen in your own life okay either way what is the point of having a 36 % interest card that costs$10 a month to even have that's stupid that's bad money that was one of those apply this is bad money regardless even if it does give you that buffer it's bad money regardless oh credit one if we have credit one we're on the worst of the worst of the worst of the worst of the worst when it comes to credit okay that end it goes honestly kind of pretty damn close to it at this point okay credit one we're here baby let's go mom had a credit one card what is he gonna think you know i never knew how bad those were until i was like really paying attention to this show i'm glad you're here well actually well i'm glad you're here for you but i am thankful thank you for coming on, for being brave enough because these people are learning things from you.

1:09:18And I'm glad that you're at least willing to take the step even if it's hard. And it's weird being on camera and I know it's like personalities, it gets interesting. But I appreciate you being here and I appreciate what you are doing for the channel and for the community. I do what I can. Hopefully you'll do a little for your kid as well by making your life better. $167.08 owed on this. Guess what? $10 of fees! Woohoo! And$4.18 of interest! Let's go! $30 minimum payments. Wonderful, wonderful, wonderful. No transactions. $59 of fees this year so far. $47 of interest. Wonderful! Wonderful. Yay.

1:09:54Everyone loves Credit One. I think that's like for my credit. Oh, hold the f***. Okay, is this your credit? What is this? What is N... Okay, what did you owe$1 ,000 to in collections? $1 ,086. Would that just knock on here? Come on, this is the first out of like a million of these. Don't be. No, I know, but I'm trying to figure out, is that just recently hit my credit? I don't know. Let me find out. The original creditor, Finance Limited Partnership, NPC, NCP. It was open five years ago. Five years ago. For f***ing sake. Dude, you don't know anything. It might be Verizon. Can I look that on my phone?

1:10:381 ,086. We can look in a second. I'm going to keep going though because there's a lot to get through. Let me tell you. We have sat here for a long time at &t collections 452 why do you order at &t and verizon so the at &t um is from the exit also had parole fines he put um some wi-fi in my name and then never paid it collection is number two so that's that oh my gosh okay this is a huge collections okay 2044 let's see what is oh no that is verizon yeah oh good so we don't know what the original one was wonderful now why uh why so much in verizon that you did not pay um this is this is a bad track record i'm a little nervous for your future with this much collections it shows that you fall off the board way too often so okay when i that has actually been on there since i that happened when i was 19 that happened when i was 19 if that's the case it'll fall off in probably about a year but I'm not 100 % sure.

1:11:37Yeah, I had a phone, me and a friend had a phone on a phone plan and we ended up um, she couldn't pay her bill and I couldn't afford to pay both of hers. See, this is dangerous. You cannot link things and see what's already happening with you being linked to your parents for your car payment. You're late, you're f***ing them. All these other people were late, they're f***ing you. They went to collections. This is stupid. You need to stop and intermingle. Then I'm almost nervous for you to get, you guys aren't ready to get married. You guys aren't ready to get married. You're simply not. before you even consider marriage I want you to sit down with the financial advisors that I use at Domain Money sit down with them we're going to give you a free session with them okay?

1:12:14everyone in the audience by the way our entire community gets free sessions link in the description below they're a great partner they're my own personal financial advisors you guys cannot get married until you guys sit down with them and figure out your finances I did learn a lesson from you know that little Verizon situation did you because you're f***ing your parents right now but if I didn't have a car than like I was your parents right now with your actions right now you were going out the there wasn't insane amounts but you were going out and eat enough to make to not be late you what you could you do you what you want you rely on energy we chose not to pay our utility bills um x had that in my name as well that recently I think got put on there it would have still been on your credit so what happened was i moved out he stayed in the same house um recently within the last like year he let somebody else take over the year now yeah this year i did not know it was in my name this whole entire time oh so he he left the the property and let somebody else take over the rent credit lock your credit sorry okay lock your credit you haven't locked your credit yet because he obviously knows your credit information to be able to borrow things and i do not trust a criminal yeah he has my social i'm assuming clearly yeah lock your credit lock credit okay lock credit so i guess that has been in my name for like eight years that reliant and then he oh this is open it's just derogatory right now because it's late nope it's in corrections now yeah so that was okay i don't know what happened sure deposit texas sounds like some bank we owed a thousand five hundred fifty three to them.

1:13:55Sure deposit. No, that's the sure deposit for the apartment that I got evicted from in 2018. Why'd you get evicted? I was sharing an apartment with said friend from Verizon. Another irresponsible one. Okay. Yeah. And then we got evicted because we somebody we weren't helping each other pay the rent very well. So I was trying to make it. Either one of us was short and the other one wasn't and so it just did not get paid ranch on swenson that's the that's the eviction that's the eviction so this is more because this one's 9 149 that's the total i did offer hold on before you get too out of hand um i did offer them i let's see back in 2021 i did not file taxes for a couple years i was missing a w-2 from working a previous job i had I did pay a CPA to do my income tax.

1:14:51I got five grand back from, cause I didn't get like the, the STEMIs. Two years of taxes. I forgot. Okay. Yep. Go on. So I got my STEMIs all at one time, plus all my income tax. So I did call that collector and I said, I can pay you five grand right now to settle it out. They said that my portion of it, cause it is a joint one. My portion was 6 ,000 and they would not let me do anything less. Uh huh. huh and so when is that the only time you ever tried that's i offered to do a payment plan okay the payment plan was a thousand dollars you didn't know this is what you do you do that every two weeks you call them and say this is all that i have my name if you want to close this out i'll give you five thousand now i did not know that you do that every two weeks if they don't do it then them but you just work it out okay okay you just keep saying it over and over again you work with them eventually they they want they're not they usually get permission the person that's working with you i figure i mean i had worked in a debt collection like medical collections before and so i did not know that that was like something the way we did it wasn't the same as that so i said how'd you do it um like we just like it was like a call center basically we just like randomly called the numbers as they came across the screen commission if you closed it out we did get commission but and i couldn't accept anything lower they wouldn't accept anything lower where you worked it had to be like gone through like a whole like situation there it is like but yes but i did offer you have any more debt not that i know of guessing it's about 4 000 for irs for last year plus penalties let's just say 4 000 for now probably gonna owe like four or five this next year okay wonderful okay they said you just spent 250 on a card to beautify your studio what is this Where is this?

1:16:37I didn't see that. What? So I paid down a credit card, and then I bought a desk from Ikea. You are not a credit card person. You are not a credit card person. You do not know how to manage your finances at all. Nope. Close all your credit cards. It's so stupid. You have a kid. You have a kid. You have a kid. You have a kid? Yeah. Probably need to get on that. gotta pay them off first but i will get them closed and your checking account only a few hundred bucks amazon's selling out selling out who's on 100 125 and then 100 car payment apple bill why do you have so many subscriptions or in-app purchases or walking i honestly forget what those are i know some of them like pull up your subscriptions then right now currently joe bob's mini mart dutch bros mini mart you're walking in you're getting some It's not that expensive.

1:17:30So I know you're getting snacks or energy drinks. Yeah, it's an energy drink. Yeah. Yeah. Buy a ball. Go to Sam's club. No, I don't know. I did. I do buy them in bulk. That's part of the reason I'm. I mean, Amazon, Dutch, bro. Okay. Amazon, Amazon is the dollar Apple bill. Yeah. I'm not sure. Hold on. Wendy's. I'm getting there. Rico taco. Zip sheen. Great. Zellen money out. 245. Is that the car payment too? 245. Yeah, that's. So usually my car payment is$125, but I pay insurance and my phone bill through my mom as well. So$245 a week is what my... Debit card,$1623. Chick-fil-A, Waterbrook, there's so much going on for someone who's laying on their car payment.

1:18:08Are you kidding me? This is irresponsible to the extreme. Dutch Bros, Brookshire, McDonald's, super handy, going and getting an energy drink, selling money out,$245 again. This is so much money. It's every week. $245 a week is what goes to my mom for car payment. That's an insane amount of money. You do not have that amount of money. me a third of your income before taxes that's a bill though before taxes goes to your mom a third for sake you went and got an energy drink cash app out 21 energy drink energy drink apple bill zellin money out a hundred dollars super handy might have to be doing those to bring in some more income water that's not funny that we don't do that we don't do that that's a joke wait what was it i missed it that was a joke we don't actually do those i just make little naughty little jokes because I have a brain of a three year old when it comes to inappropriate humor.

1:18:57Going inside and getting an energy drink. Apple bill. Zip sheen. You zip sheen constantly. You're affirming? Affirm. Are you firm? I don't know. I'm seeing SPF. SPF. No, SPAFF. It's 40 bucks essentially. 31, sorry. Prime video. Great. We have very subscription known to man. yeah that's what all my so like have you pulled up your subscriptions let me see okay okay apple music cancel you can't afford it canva cancel it you can't afford it i use that for my use the free version disney plus cancel it you can't afford it nebula cancel it you can't i did not mean to do that that's why you have a peacock nothing on there anyway cancel it you can't afford it the watermark photo something cancel you can't afford it yuca what is that yucca what's a yucca yucca so that's like a i think i did that last year it's like a it was like a seven dollar one cancel it it i it's canceled whenever it comes back up for renewal nope nope i scared myself yeah well oh you'll be all right wow no savings no retirement uh i had a retirement at one point in time when i worked for a rent-a-center i can't get into the account though i gotta call them and like resell my but i think it was like 1500 in retirement that i was paying towards it i did want to take that money out and like put it into something else not like a credit card but like put it into a different retirement that i had access to roll over yeah how much comes in on a monthly basis one more time um

1:20:3435 roughly put the child tax credit and everything 15 aside for taxes just being a little aggressive there but okay okay so 2900 the holidays mean more travel more shopping more time online and more personal info and more places that could expose you more to identity theft but lifelock monitors millions of data points per second if your identity is stolen our u.s based restoration specialists will fix it guaranteed or your money back don't face drained accounts fraudulent loans or financial losses alone get more holiday fun and less holiday worry with LifeLock. Save up to 40 % your first year.

1:21:11Visit LifeLock.com slash podcast. Terms apply. 75 comes in on a monthly basis. Set that money aside for taxes, not an option. What's your utilities that you have to pay towards? Your debt minimum monthly payments are$807.84. What's your minimum monthly debt payments? Let's see. I pay about$150 in electricity, Electricity, 60 in water, and 80 in Wi-Fi. Internet, okay. Gas, room, room, drive, drive. I would say maybe like 40 bucks a month. I live like seven miles from my job. 20 bucks will last me about almost a week and a half. I had$141. What? $141? You don't know your money. What did I do last month that I had to drive?

1:21:53I'll put it as... I really don't use... What did you say, 40? I'm going to put it as 50. Okay. And then how much do you give to your parents for car insurance? again? 310 for car insurance. Okay. And, uh, phone bill? Um, I think it's 150 for a phone bill. It's a round, it's a roundabout number. Yeah. I own the phone. Okay. What? You don't have to. I mean, no, I don't, but once I get it paid off, like there's whenever Apple's like, here's, I had a phone for multiple years and I was fine. But I also use like my phone because I take pictures at work to advertise my work. I guarantee your phone's not going to be bad a few years from now.

1:22:33No, it's, yeah, I'm fine. When you pay it off, switch to Helium for$15 a month. It's just like T-Mobile Towers, okay? T-Mobile. This is insane. $150 a month is stupid. T-P-Fun, anything else to survive, including for the kid as well,$100. I think you can make it work. I'm going to do$150. Necessary food is basically just you, and then I'm going to throw a little extra in for the husband. We're going to do$450 a month. Follow the meal plan. Yes. Kidding me? He's not even there. That thing eats boob. And you just need a meal prep a couple times a week. It's super chill. Follow the meal plan in the budgeting course, okay?

1:23:10Follow it to your needs. Medical health care, anything that goes on on a monthly basis that you have to pay for. Pay$67 for insurance for me and him both, and he is on Medicaid. So he's double insured. $67, okay. Yeah, that's for... You're on your parents for everything, but not that. Okay. Yeah, my stepdad got a new job, and so my mom was like, you got to figure it out. I don't care. Okay, so how much for the babysitting on a monthly basis? $40 a week. Oh, just$40 a week? Yeah, well, it's the one day. $160 a month. Okay. Not bad. Anything else that has to be in the budget that I am not taking account for?

1:23:50No. No, I don't think so. this is a roundabout budget we don't have the we you know we sit down hour and a half whatever something like that you're going to get more detail when you actually go through the programs and learn how to actually go through your statements and make a concrete budget but this is a rough idea of it it's close you made it this is even with setting money side for taxes 2434 to survive on a monthly basis and 84 cents if your gas bill is that low you can cut back some with these things but either way 2 ,975 car insurance get some quotes and see what it would be like just you getting it okay do you have like tickets and stuff well can i do like a car insurance if the car is not in my name the car insurance is not in your name the car is not my name the car is almost in your name and then call out and then quote it out okay okay uh quote it out uh i mean you can get cars it's it might just be easier if we just wait did you figure in my car payment on that budget that's part of the debts okay okay cool you can make room on that you can make room in your phone bill you do have extra money right now and i think you can cut back in some areas and that car payment will be ending here shortly but 540 dollars is left right now on a monthly basis with that you know what's kind of interesting with that let's just snowball this guy first month i mean you take care of the two smallest cards that's easy and then you mostly pay mostly pay off the platinum.

1:25:17Then second month, you pay off the rest of the platinum in the one mail. Okay, wonderful. Then the Merrick Bank is paid off in month number three. And then by that point, the car payment's already done naturally. And now you have extra money. You have an extra$500 a month to start going towards that. That doubles it. That means in month number four, gross is halfway paid off. In month number five, gross is fully paid off. Forgot about credit one, but that's included in there. Let's call that four and a half months. So you're in the fifth month, that's the same. You're halfway through the fifth month.

1:25:48Okay. Yeah. You're debt free besides collections in five months. Boom. Easy. That's if you actually manage and act like an adult and be responsible. I think I can do that. Then pay off your phone, switch to a cheaper carrier. Boom. That saves you even more money. Allows you to start setting money aside for investments. Allows you to start being able to pay off last year's taxes because you do need to claim that. We can save that for another four months. So let's call this eight months. You need to get a fully funded emergency fund after your debts are paid off. We're looking at about needed for you to survive.

1:26:15as long as the boyfriend, fiance, stays there in every living way possible. At that rate, we are talking, I'm going to say you need about, yeah, get about, yeah,$10 ,000. $10 ,000 saved up. So, boom, let's call it a year and a quarter. A year and a quarter, you are completely debt-free except for collections, including paying off your IRS debt of the past. You still have to owe on this past year, but you're going to file for an extension. And that will start coming up at that time anyway. But either way, a year and a half, you are debt-free except for collections. You have a fully funded emergency fund.

1:26:46And at that point, you can start negotiating down some collections if you want. Save up a couple thousand bucks. Start going down the list and saying, hey, guess what? I have a couple thousand bucks. I can pay this off. I can pay off your higher balance. If you're not going to accept it, that's okay. I have another collections because I've fucked up my life a lot. And I'm going to call them next after this phone call is done, okay? Once this phone call is done, if you don't accept this money, I'm giving it to the next collections person, okay? Cool. Goodbye. Okay. And you just keep doing that process over and over again.

1:27:11I did pay off like two of my debts on my collections within the last year. Okay, well, we're going to make a lot more progress than that. I was super excited about that. And I think you can do that in about, I'm guessing, let's call it another six months to be conservative. So I say two years, you are completely debt-free, no collections, no debt whatsoever. You own your car right out, and it's worth a little bit of money, and fully funded emergency fund. Then at that point, make sure you're always setting aside money for taxes for what comes in after that. you are then trying to put towards living 50 percent invest investing minimum 20 percent okay like in stocks or like what you know we'll talk at that point okay there is no point to talk about that now we'll talk about tax advantage retirement accounts at that point but again and you'll go through you'll have the investing costs as well but either way perfect you know self-employment things we can look at set by areas we can look at whatever solo 401ks has a lot of options either way at that point 20 towards investing and then if you're actually 50 on needs 20 to investing you'll do 30 on fun if you need more to go towards needs you take that from fun not from investing because retirement matters and you do not want your kid to have to take care of you when they are older because it is not their fault that you've done nope so that's where we're at you got this i can do it on the follow-up channel come on the follow-up they are separate channels for follow-ups we do one a week come on there okay okay make sure yeah i'm excited to see your progress throughout you're gonna make substantial progress what did i say i said about four months and you'll pay off all these so i want you to come back four months and i want to see every single one of those gone and then that's when we start tackling the past irs at that point and we'll readjust so four months four months you are on the follow-up channel okay okay with those That's paid off.

1:29:01Deal? Sure. Spending a budget. You overspent 0 out of 10. Debt? You have collections. 0 out of 10. Emergency fund. There's nothing. 0 out of 10. Retirement. There's a little bit sitting there in another account. 1 out of 10. Real estate 0 out of 10. Hammer financial score. Rounded up 0.5 out of 10. Hey guys come to the post show. We might call the husband and confront him about how this is all yeah you didn't even think about that did you? Yeah we're about to pick up your world or hopefully make it better. We confront a lot of drama and everything in the post show. So make sure to join our YouTube membership.

1:29:30It really helps our channel out through the ups and downs of ad rates. We have tens of thousands of hours of extra content and exclusive financial audits on there. Join Hammer Elite. It's the best value for your money. Link in the description below. We'll see you guys in the post show. There was something we had to cut from the main audit may have gotten us demonetized in the main show and may have destroyed her life. But because it's behind the paywall, we're allowed to talk about this insane relationship tea with you and your future husband. This is about to get crazy, so we're going to unleash it.

1:30:00My fiance is... To watch the Financial Audit post show, click the join button below.