Trust Fund Princess From Hell | Financial Audit

26:48Him and his spreadsheets. He loves it. And why haven't you done anything then if your dad is there willing to help? Oh, I don't know. Good question. And I just... You're not able to self-assess anything. I'm on my own, so I like... On your own. You have your dad that's willing to help you with this. You have your boyfriend who pays for half your life. I know, but I like to think that I'm on my own. Your dad paid for your Italian trip and you're able to pay him back. You're on your own. F*** you, you're on your own. You don't know what on your own is. You've never been on your own. Yeah. Well, I mean...

27:16You're a 15-year-old that actually has a 2 next to the 5 for some reason. Yeah. I mean, I guess I definitely don't think I've grown up past, like, 16, but I've been trying to. You okay with that? No, I'm not okay with that. Yeah, you've done nothing. But I've been trying to make the diff the, yeah. All right. Come on, dude. Come on. Literally, again, I mean, I have to call it out every time because it's just so fucking easy. Just download the app. We made this for you. We made it for everyone out there. We made it for me. it applies to everyone it's automatic yeah sign up and then you just type in a couple things everything's automatic no more i don't know anymore no more i didn't want to think about it anymore you can just look it just look at it yeah it's so easy yeah i've also tried dave ramsey's i think he has one i tried that for a little bit and it just that one's okay didn't And I don't know.

28:18A little more strict on his value sets, but I kind of like to cater to other people and what they prefer for their lives. And that works. Yeah. Yeah. I did download Simpler Budget. I haven't used it yet. I did download it. It's on my phone. I bet that's the most amount of progress you've ever actually put into anything, effort you've put into anything. Pushed download. Didn't actually use. remember if you sign up for the annual version i'll send you a physical version of the cookbook and our founders edition simpler budget notebook and i'm going to sign both of them and mail them directly to you um well i have spent a lot of the money on like events like music festival i went to hangout fest um hangout fest yeah gulf shores alabama um last year and the last two years and And I would put that on the credit card.

29:11Of course. And then plus the outfits and the shoes. Oh, yes, because we don't have clothes or shoes ever. If we have a new event to go to, we must refresh everything. Yeah, I'm really bad about buying new clothes for everything, for sure. I have a—I love buying clothes. That's definitely my weakness is clothes. Really? What is your, like, clothes selection? If you sold half your stuff today, what could you get? Oh, not much because I buy a lot of it from American Eagle. 12 year old twink I'm so confused Yeah I haven't grown out of American Eagle for sure Definitely need to up my game on that But I go to American Eagle All the time I spend a lot of money there I have a credit card for American Eagle Oh I bet you do So yeah I spend a lot of money On clothes, shoes, those kind of things And you probably could with your income You just have to Budget it yeah dude it's just it's not a here's my limit on my credit card i have the room to get three pairs of boots that's not how this works you can't afford thing you just can't have you can't have access to credit you cannot have access to using other people's money you can't you don't know how to manage that worth anything i mean i i try and i um i'm gonna pull out a tape Say I try one more time I just get FOMO with things I don't want to miss out FOMO of boots?

30:45No, of events like the Hangout Fest and different events that I go to I get FOMO I'm not saying you can't go to events you can probably budget them in You're like, I have my credit card balance is up to here but my limit's here so I can get five boots That's your mentality which means you cannot have access to credit cards. I mean, I don't know. What? Oh, my. I also tried to get Lollapalooza tickets recently. Tried to? Yeah, I was in the standby list for it. I didn't get through, so that's why I didn't end up getting the tickets is because I didn't get through the standby. Good. But I'm still looking at them in case.

31:34Don't. I mean, it's fun, though. It is. So I was being able to live a relatively successful life. Again, I can get you to go to every music festival in the world once you get to a good place financially. You're preventing yourself from going to all the music festivals you want to. You go to all of them. You could be doing the one in Brazil that just happened. You could do that because you have a pretty strong single income. And then imagine your dual household once you guys do get married. There is actual good things that you could do that you're prevented because you want to do all of them right now.

32:08And you're making it so you'll never be able to do them pretty soon. Yeah. I mean, the tickets weren't that. I mean, they're only$415 for a four-day pass. How much? $415. You have no respect for the dollar. You have no respect for the dollar. Only for four days, though. You fuck you. I don't care what time it is. maybe for the value sure you get a lot of value for the dollar but those dollars could be actually improving your life through I was going to pay them over time though I was going to do the financing alright when we figure out what your minimum payments are by the end of this I have a feeling because you don't understand how they stack that it's about to be immense yeah

32:56I've recently gotten into hobbies. I like to try out different hobbies. One of the ones recently I've done is coloring with alcohol markers. Alcohol markers? Yeah, and I got the good brand, too. Sure, you did. I don't even know. Coloring, I thought, okay, let's get some crayons. I don't, okay. No, there's like a whole need. What is the good brand cost of? It's probably about$40 for. Do I have a Sharpie with you? What are you going to start? No, no, that's not my... Sharpie coloring? No, but I mean, it's like$40 for a set of markers, and then each of the coloring books is probably$7 a piece. Okay, well, we can...

33:33I don't know. How much is that draining you? But you said you get into a lot of hobbies. Yeah, I've also done, like, crocheting. Oh, okay, that can get expensive. Yeah, and I only did it for, like, a week or two, and then I kind of gave it up. I also love reading books. I buy books a lot. Okay, go to the f***ing library. You live in a major city. Yeah, but I like owning the books. Go to the library. You live in a major city. I like owning paperbacks. Go into the library. You live in a major city. It's not as fun. I don't care. It's not the same experience. You have bad debt. You're f***ing dumb.

34:06It's not the same experience walking in a book's a million and smelling the new books. It's great. I hope they have something. Oh, I think they got you crayons.

34:19Saving money with mommy. it's not the same feeling as with the alcohol markers i know you like free things and i'm giving some things away for free right now and let me show you how to get it first i'm giving you a limited edition financial audit tumblr plus a 30-day trial of simpler budget premium to new users when you buy my four class bundle and this trial is normally only 14 days but i'm doubling it just for those purchasers. And do you just want one class? No worries. You'll still get access to that 30-day simpler budget trial. And act now because we're winding down our intro pricing at midnight on April 23rd.

35:02So this is the best price you'll ever see on these classes. So if you're feeling stuck or intimidated by your finances, you're not alone. And now is the best time to get started. Grab your free limited edition Tumblr, sit back and finally take control of your financial future or don't, and you can end up right here. You have another trip planned. Um, I might be going on a cruise in September. Do you not f***ing ever just stay home for a second? I told you I have FOMO. You have$70 ,000 of bad debt, and you make$60 ,000 a year. You have more in bad debt than you make, and you go somewhere every five minutes.

35:43I love chips. I want the experiences that comes with the going places. And it's fun. I like the festivals. It is. You're never going to get anywhere if we prioritize that instant dopamine hit in every instance of our life. I mean, that's what I— How can—your work allows you to take this much time off? I mean, I get a pretty good amount of PTO. I have run out. Last year, I ran out super early. How early? Probably around April-ish. And then what? Because you certainly went places I know you can't stop. Well, I mean, yeah, I moved days around here and there. I definitely, like, ran out completely by August.

36:28And then what did you do? I worked from home sometimes, if they allow it. Yeah, but what does that mean? As in you still went somewhere? Yeah. Yeah. But you worked from home. Yeah, I'm sure you did. Yes. Of course, of course. Okay. Great. I think you're the reason why that industry standard has ended. Industry standard? Yeah. There was a lot of work from home for a while. Oh, yeah, yeah, yeah. But it was people like you who ruined it. No, it's definitely been pulled back a little bit. Because of people like you. No, I don't think so. I used to travel. I still work. I still do my job. I still, you know, get things done.

37:13I just take the work with me. Work from wherever. Yeah, maybe. I don't know. For some reason, I don't believe you. I feel like you travel as much as you can using your paid time off, and then you just all of a sudden start working from home. Yeah. Does that not scream that it's obviously for vacation if you only start doing that after you've used your PTO? Well, I mean, most of the PTO is also just because I have a hard time getting out of bed. and I don't like going to work sometimes. No one does. You have a great job. You want to get that up already? No, of course not. Oh my gosh, you get crans and you immediately become a child.

37:50No, I just, I... I mean, we all struggle to wake up sometimes. Dude, I did not want to get out of bed this morning. I had a job to go to. Yeah, I mean, I take it seriously. I just, some days you have days. You just can't, don't want to go in or not feeling well in the mornings and just not, yeah, it's not a good day. Need a mental health day or something. I don't think you're a reliable person. I mean, yes, I can. I'm okay with those, but try to schedule them out a little better. You're probably f***ing people over on your team by just being like, oh, you know, I want to sleep in today. Bye-bye.

38:24No, I make sure I do it when I don't have anything planned. I check my calendar before I do it. I'll do it strategically. Uh-huh. Yeah, for some reason, I fully believe you 100%. Definitely strategic. Okay, regular Discover card. You owe$7 ,899 with a minimum monthly payment of$177. Yep. What's going on here? That was my very first card, my very first credit card I ever got. It was the student card. I got that when I was like 19, I think. um so there's i mean there's stuff from it from college from going out in college or groceries paying for things for my apartment uh things like that um and it yeah it got up really quick on that one and then that's when i opened that second discover card at that point or what are you still spending because listen there weren't purchases this month but you're only a couple hundred hours away from the max so it's not like you haven't been purchasing for a long time Well, not on that one specifically.

39:32I try not to. No, you're so close to the max. Well, yeah, but that's because the interest. Like every time I try to make a payment. No, if you make a minimum of the payment, it'll still go down enough to not be this close to the max. Unless you've only stopped purchasing a few months ago. No, I haven't been. I mean, I don't think I've been purchasing on that for a while now. They just kept raising my limit on it. So I just kept doing it. That you can't have access to credit because, again, you see a limit as how many pairs of boots you can get, not what I should avoid spending. Yeah, but, I mean, I don't know.

40:05The money was there, so I just used it. No, it was someone else's money. It wasn't yours. It wasn't there. But I was, you know, I was going to pay it off, and then I just kept snowballing. Why didn't you pay it off? I was going to pay it off. I was in college. I didn't have a great job at the time. When did you leave college? Two, three years ago. A few. But it's just been sitting there. You had three years. It's been sitting there since then. You didn't just pay off a couple hundred dollars in that amount of time. No, I mean, I... Especially since you did three months of progress last year. Yeah, I mean, I think on those I was mostly just focusing on the minimum to work on the other stuff I had.

40:48So that's why I just, I don't know, I just don't touch it. I just leave it there. But the interest is just growing on it. Your addiction to shopping. So you have an addiction to, honestly, traveling to different places, music festivals, and then an addiction to shopping. How often do we go shopping? Because we know you travel probably at least a couple times a quarter. Okay. Yeah. Where, how often do you go shopping for this clothing? I go shopping pretty frequently, especially when I'm not feeling the best. That's probably when I do the most shopping. I mean, not feeling the best. You have a little stomach flu, so you go shopping?

41:23Like, what are you saying? No, like, when I'm just, like, in a bad mood. I'm like, I deserve this. Bad mood? Just a bad mood. This episode is brought to you by State Farm. Listening to this podcast? Smart move. Being financially savvy? Smart move. Another smart move? Having State Farm help you create a competitive price when you choose to bundle home and auto. Bundling. Just another way to save with a personal price plan. Like a good neighbor, State Farm is there. Prices are based on rating plans that vary by state. Coverage options are selected by the customer. Availability, amount of discounts and savings, and eligibility vary by state.

41:57Mood. Yeah, and I get to like, I deserve it. No, you're not entitled to 50 ,000 pairs of boots. That's just how I felt in the moment. I mean, that's how I feel. That's when I'm not. You need better coping mechanisms. You need to work with like a therapist or something. If your immediate cope to is ching, ching, ching, ching, ching, ching, ching, ching, ching. you're never going to pay off that. That three months of progress you made will be the longest progress you've ever done. Downloading the budgeting app and never using it is going to be the most amount of progress you've ever done. If every time you feel slightly gloomy, you just blow all your money.

42:36Yeah, I mean, that's definitely the biggest thing. It's like, it's impulsive. I just feel bad. My big struggle here is I'm just like, okay, what can I say? what can I say because you have a house obviously you have the goal of marriage but what can I use as an emotional tool to convince you that your actions and your spending around all this is dumb it's hurting you and that you obviously need to change it like what can I say that's going to get you to actually actually make those changes I don't know well I mean I got the second job to like and I'm still doing that now yeah but you just you increase your spending to me look you spent double what you brought in yeah so it's like the second job doesn't matter you make more money you spend double what extra you make so that that that is like whoa good job yay but there's so much more discipline that has to go around this entire situation than just going and getting an extra job i mean i thought it would help me like and help especially with the minimum it would if you were disciplined yeah well i just and no that's not true with your minimum monthly because if you have spending ability on these cards you usually spend on them that's why they're all basically maxed out meaning that no it won't help you with your minimum because you're just spending more on them making your minimums go even higher it's the thought that counts it's the thought that counts what are you shutting down are you giving up like what you can't handle a little bit of pushback i'm saying like i uh i don't know with the second job too i'm also going to owe more taxes.

44:14So like I try not to do it as frequently. That's withheld from your paycheck. It doesn't even matter. Well, not the second job. It's 1099. It's a contractor? Okay, that's fine. So like 20 % aside is probably fine for you. Yeah, I just haven't been setting that money aside. Why? Because it comes in my account. So I use it and I don't think about it. You see it is immediate spending money. Yeah, absolutely. Well, and then that's also causing me to have a lot more due in taxes this year. I probably owe about$600 in taxes. What? You should be able to pay$600 in taxes with your income. Yeah, I don't know.

44:50That is how to— I don't know how that's going to work. I've been putting off filing, though. You don't buy three pairs of boots that week. Well, you know. I don't know. I just—I have a hard time not doing what makes me feel good in the moment. but what can we do what can we do to show you that there is a better path that's what i'm trying to figure out i see nothing nothing here that there is that you care about that you look forward to other than the marriage other than the marriage and that is the only thing i can pull from but he's also financially and you're right you guys shouldn't lock in like that until you guys are in a more mature spot financially because it's one of the leading causes of divorce in this country So, huh?

45:37Exactly. So I'm aligned on that. But what can I use to be like, okay, obviously, we know this isn't working mathematically. But on the emotional front, the sacrifice you would be making, the life changes you would be making, what incentive do you have? None. I mean, I do want to buy – I mean, I want to build my own home in the future on its own land. So that's something I'm trying. You know, that's one of my goals. You are not trying. you are not yes i will do it again i will do it again lady i have that's not a jet stream that was a mist felt great this is a lie no that's a mess but i don't know i do want to buy a house in the future or buy or build a house in the future on land get married i'm just having a hard time growing up to that point i'm 25 now What are you infantilizing yourself?

46:35Shut the f*** up What is with people these days? What the f***? It's short When I was 18 I knew I was an adult And I was excited to go live my adult life And what? You're a 25 year old child? What is wrong with people these days? My goodness You're gonna turn me into a f***ing boomer Why are people acting like they never grew up? This is crazy I will never understand this The endless sensationalizing online The endless infantilizing ourselves It is crazy We live in such an immature world That's what I'm trying to get past. I'm trying to get past that. You are not trying. Stop saying trying. You are objectively not.

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49:52Thank you again to Moomoo for sponsoring this video. Let's get back into the program. I don't have anything else to say. You're trying these maxed out credit cards. Like, shut the f*** up. You don't know what that word means. $156.84 of interest is crude on here. 500 this year so far. So what are we at? We're at 1 ,250-ish, 1 ,300-ish in interest. Just the two accounts we've looked at so far. Okay. Capital One Venture. Yeah. That's my most recent one. Most recent. Yeah. Okay. So when did you open this and why? Probably last year. And I did it. When last year? July-ish. Around June or July. Remember, that's basically when you're done with your progress-making period.

50:38Yeah, I got it because I wanted to try to up my credit score. You already had your house. What are you shopping credit for? Well, back then, I didn't have the house back then, so I was trying to— Oh, yeah, that's right. You got it in the fall. That's true. So I was trying to open more accounts to help my credit. Because I look at Credit Karma, and it says what the impact is on it. So I thought opening it would help my credit. Well, shocker, it's right under max. Luckily, max isn't that high because they probably won't let you do it because your credit's in like the low 600s, I saw it. Venture,$466.44 with a minimum monthly payment of$25,$10.63 accruing.

51:21So what were you spending on this card that got you here? I use it for Amazon a lot, for household stuff, for personal things. What personal things? or household? Well, I've been buying some of the Italy stuff with it. Like, you know, toilet bags and personal bags. Oh, you did? Stuff like that. You traveled way too much not to already have that you can just reuse. You do not need fresh new travel containers and whatever. Every trip you do. Well, I needed the carry-on, the personal carry-on so I can put it under the seat. I didn't have anything for that. You don't have personal carry-ons. You've never used that in any travel that you've ever done.

52:01backpack but i need something bigger something to fit stuff in more stuff because i'm not trying to it's for a week you're not there for that one i'm notorious for overpacking so obviously because you overbuy so you have to overpack yeah um i don't yeah let me look at amazon let me look at your amazon's penny pull out your phone it's probably bad right now because i did just buy some things um on it she's trying good intentions in my brain just not in reality i don't i don't think so i mean again you're one of those people that's just like virtue signaling online all day just like look how good i am and then actually does no real thing in the actual world you tweet something good and then you've never contributed one thing to the actual planet or society like it's like i almost respect you less than people who don't do anything but don't also pretend like they're good yeah cat litter there's a heavy duty bag more cat mat cat uh bags bags cat cat cat cat oh my gosh cat endless cat paddling cat cat cat we have three cats and a dog thing dog dog poop bags good i'm glad you at least pick up the poop why do i see nine things in the cart oh yeah that's for italy blow dryers yeah i think your hotel will have a blow dryer dry shampoo you need that they it won't have shampoo or just right days in between you got to dry shampoo your hair you don't have to wash it completely helps helps it lindsey is that can you confirm that this is very true damn it okay that's what the ladies do okay as a non as a non lady I was gonna Q-tips very bad for you don't do it don't do it I have to I get water in there you know that's getting out you know what you do just like stick in the faucet like right here what do you know we all shower yeah what ears you gotta use the Q-tips you don't use Q-tips no and every ear doctor tells you not to for very like clear reason in there I don't like go all the way in Then just use a towel right here.

54:21It doesn't do the same. You should not use Q-tips. Makeup remover. That makes sense. You got your neck pillow. What's the fucking... Portable charger. Portable charger. Okay. Lots of Kleenexes and a jewelry holder. Better not be buying new jewelry for it. No, I already have jewelry. It's okay. I actually don't spend money on jewelry. That's the one thing I don't spend a lot of money on. Mm-hmm. Mm-hmm. $10 of interest accrued in that month,$21 this year so far in the two months that it was. That 30 % interest. Synchrony! American Eagle. This is American Eagle. Yeah. That one is used quite frequently.

55:03Frequently. Of course. Why? What is your obsession with the Eagle? They have really comfy clothes. Their jeans are great. I guess. I get really good deals. American Eagle direct US online. You're not even going to the store and trying it out. Well, I still get a student discount, like 20 % off, so I'll use that. Why? Because you're lying? I mean, my college email still works. It's still valid. So I just put that in. And then, I mean, I get— So you purchased more than you put towards it. Interest accrued. Nowhere towards paying this off. That's a lower one. That one should take too long. Yeah, it's 274.

55:43You're right. You should just pay it off. But again, you purchase more than you put towards it. And that interest accrues. It's even dumber that you have a small balance because it shouldn't be there. With your income, it shouldn't be there. There is no reason for you to be paying interest on this. No reason. And it is such a choice that you are making. You're just actively choosing. You're just okay with it. Yeah, but like I said, I get the discount. I get cash back using the card. What cash back percentage do you get? I mean sometimes like oh I don't know the percentage Then why the f*** are you doing it if you don't even know how the math works Cause I don't know The discount What?

56:23What's the discount? Sometimes you just have to spend like Each dollar represents a point And then you get like How much is a point worth? I don't know a dollar I get like$40 off No no no no a point is not a dollar You don't spend a dollar get a dollar No you do not get a 100 % return on your investment It is not. It is not. It is not. Do not be a dumb f***. No. How many points do you need to get some reward? Oh, I couldn't tell you. What? I just. I guarantee you it is not better. Oh, my gosh. I mean, I get like. That's 34%. I guarantee it is not better than 34%. Well, I get like$40 off here and there.

57:04Yes. $40 off here and there after spending how much? Probably over$100. but it goes towards my next one. It's gonna be much more than that. It's probably, I don't know, probably about 100. You're not getting a 40 % return on your spending. I don't know. I just know when I spend money, I get money. So I spend the money on it to get cash back. Yeah, but you're probably getting like a 5 % return. It works out though, I mean. No, it doesn't. You're losing 33%. Are you, what number is bigger? Draw it on your crayon if you have to. Five or 33. Well, yeah, 33 is bigger, but. It's not working. It doesn't make sense.

57:43You're being obnoxious. You're just being stupid. I don't know. I don't know. I can't get that through. Yes, you get return. Right. But you're giving them more than they give you by a substantial amount. Yeah, but I mean, they have deals too. And then like I said, the student discount. That's that's really the student discount, but even that's only a 20 % off. Yeah again 33 % is the interest that's accruing on here. So the math still isn't working. Yeah, well Yeah So? You'll stop? I mean, in the moment, it seems like a good deal. But it's objectively not. We know the math. Shut the f*** up. So you'll chop it up because there's no point in using this, right?

58:39Yeah. I can. Yeah. Huh? Yeah, I can. Will you? Yeah. I don't believe you. I normally use it online, though. That's even more dangerous. Yeah. The physical card doesn't really matter. It's much. Oh, happy birthday. What is this? Care credit? Why? Oh, I have five animals. No, why is it always?

59:08Hell, Alabama. Every time we get someone from that coast, that coast of the Gulf, which is always a thousand animals. And as an animal lover, like you probably can't afford it. Well, I mean, you can't. You're maxed out on every credit card. Is this one maxed out? Actually, no. Somehow it is a few hundred hours away. Don't know how you did that. Care credit,$1 ,473.05. Are you saying this was vet bills? Yes. What? You don't have pet insurance? I don't. Why would you get an animal if you can't afford pet insurance to take care of their emergencies when they will inevitably happen because they're an animal?

59:45Well, I didn't. At first, I didn't realize pet insurance was a thing. Okay. So you didn't do any due diligence before you took on a big life responsibility. Great. What kind of pets are they? I have two dogs, a pit bull and a mutt mix, and then I have three cats. A mutt mix? Yeah. I don't know what she is. A mutt's not a breed. I don't know what she is. She's like pit bull and probably something else. But it's a mutt. Yeah. Not a mutt mix. Okay. A mutt. Sorry. A mutt. Yes. I don't know. I don't know what she is. Probably some pit bull. What are the other three? Three cats. Okay. See, these are pet insurance type animals.

1:00:19Those are animals that live like a decade, if not more, if we're lucky. You get pet insurance. Because during that time, they do something dumb. They eat something they shouldn't. They get into something they shouldn't. And you're not just going to let them die. And if you are, you're an irresponsible pet owner. You're just going to be the one adopting them. Well, that's what happened on that card. Exactly, but it's going to happen more and more. And then you're just going to be further in debt instead of just paying for... I have been looking into pet insurance. So what happened? You've been looking.

1:00:47Great. I bet that's your version of trying. You downloaded the app. Didn't use it. I looked to see what the quote would be. um but i like a year ago no actually like like a couple weeks ago actually i was looking to see how much it would be a month she gives me a face like she thinks she accomplished something with that okay go on what happened three okay um well first i had to get a cat fixed i had a kitten had to get her fixed and then which by the way before you do that usually look oftentimes there are community organizations that will do fixing for free or cheap. Yeah, well, I went to a vet that my best friend has worked at forever.

1:01:25So it's like I knew the people there. So that's why I went to a specific vet and not like, because we have like spay and neuter Because you have so much money. Yeah, okay. Well, and then my black cat, my oldest black cat, he started having... Don't be racist. What? Keep going. I know you're from Bama. Try your hardest. Come on. He had bladder issues and he had to be hospitalized twice in the course of two weeks. So that was very expensive to have them hold him and do all the stuff. Wayfair's big sale is returning. Get ready for Wayday. For four days only, score up to 80 % off all things home with free shipping on everything.

1:02:05From October 26th through 29th, score Wayfair's best deals. like up to 80 % off area rugs, up to 60 % off mattresses, up to 60 % off bedroom furniture, and more exclusive doorbuster deals. So mark your calendar and shop Wayday starting October 26th at Wayfair.com. Wayfair, every style, every home. IV, catheter, all that kind of stuff. Well, I almost took them to, I had to take them to an emergency vet, and that was going to cost probably like two grand. But then I ended up taking them to a regular vet. But so it was I mean, it was still like overall, probably about 1800, but not as much as it would have been at the emergency vet.

1:02:45So but yeah, that's what's on that card. My animals have gotten sick recently. You don't deserve animals. Don't say that. No, you don't. You're not. You know, it's necessary. You love them. You don't deserve them. I take care of them. No more. Right. No more. No, no, no, no. No more animals. Absolutely not. But, yeah, no more. I grew up with a lot of dogs, so that's why I'm like, I love animals. Got to have them. Got to have some animals. Is that you and your boyfriend combined, or does he have additional? No, he, well, one of the dogs is his, and then the rest are all of ours together. Both of ours together.

1:03:23Hopefully he doesn't want to get any more, right? No, no, no, no. He's done. Okay. A little bit of interest. I bet something's undeferred. Yep. Okay. And that's at about 30%. Then the other ones, the interest starts kicking in one and later this year and two early next year. Hey guys, I always ask me, Caleb, what do you invest in? And honestly, I keep it pretty boring. Take a look at this. Take a look at this. This is my investments right here. And this is why you got to follow me on Blossom. If you want to see just that a couple of weeks back, I stumbled upon the social investing app called Blossom and thought, all right, let's give it a try.

1:04:05And it turns out it's actually really cool. And to be clear, they're not a brokerage. Blossom is a completely free social media platform. They're not your typical investing app. It's social, meaning you can follow exactly what I'm investing in and you can check out my portfolio in real time and even discuss strategies with me and other investors. There's no guessing games, just clear transparency. So if you're curious about how I'm investing or just want to get smarter with your money, download Blossom right now and you can follow me at Caleb Hammer. I'll be sharing my exact portfolio breakdown, investing tips, even responding to your questions.

1:04:39It's totally free, super simple, and way more fun than just guessing stocks alone. So hit that link below, join me on Blossom and let's grow our money together. Seriously, right now you can actually see what my portfolio looks like today okay what is this what what am i looking at this is a docu sign for some kind of is that my upstart loan oh is it i don't know but you brought 6 160 but you're paying back a total of 10 929 yeah that was an upstart loan why um well i got initially to consolidate debt great oh yeah here we go guys i consolidated that without changing any behavior never seen that before yeah so i got it to consolidate debt and then it was christmas time around the time i got it so then i ended up using a lot of it on christmas for his family what is wrong with this country what is wrong with human human civilization we can't have self-control for one holiday.

1:05:46One. To make our lives better so that we can have amazing Christmases for the rest of our lives. We can't sacrifice one. Oh my f***. It's infuriating. Yeah, that's why I also pulled that$1 ,500 for my dad for Italy. Oh my gosh, so right after you consolidated, you blow it all on Christmas. Right after you consolidated, you borrow money from your dad to go to f***ing Italy. yeah um but this last year yeah this was in December yeah December you got your house yes it was you get the house you can sell it and you ruin everything and other cards are all maxed out again in just a couple months you consolidate and six thousand one hundred sixty dollars and just a couple months later that we are sitting here and they are all maxed out again yeah they you didn't stop spending you did not stop spending like you said or else they would not be maxed out if you've consolidated just a couple months ago well lies i tried i i probably paid no i did not try i think i paid off like the smaller stuff i got in a firm i think i paid off some tires i got in some tires for my car.

1:07:04We'll see. I paid that off with it and maybe like one other small thing. But I, yeah, ended up spending it on Christmas mostly. Get a f***ing house we can barely afford. And we blow it all on Christmas.

1:07:23Yeah. I just wanted to give everybody gifts. I know what you wanted. Sometimes we give up what we want for a greater f***ing good. For the greater part of your life for better christmas is in the future how much did you spend on christmas well i bought on my boyfriend alone i probably spent about 500 or more okay because i got some concert tickets like 6 000 to the 500 to the 6 000 okay um yeah um but i bought concert tickets with it for my boyfriend, Kendrick Lamar, in April. And then I got him some AirPods, some stuff for work, like a cooler, and some clothes, some shoes. What is the balance on this right now?

1:08:17Probably six, I think it was like 7 ,000 total I have to pay off. So like 6 ,800 maybe. Um, as what as I would steal? Well, you're going to be paying a total of$11 ,000 if you don't pay it off early. 25.38 % interest rate.

1:08:42All for Christmas gifts. And it says you may be entitled to a refund of a part of the finance charge if you pay it off early. I didn't know that. May. Well, I ended up buying myself some Christmas gifts, too, to wrap and put under the tree. So I'd have stuff to open because I bought my boyfriend a lot of things. I wanted to be able to have enough for me to open, too. So, yeah, a lot of that money was on Christmas.

1:09:16I still don't have the thing necessary to be like this is why it is worth actually sacrificing I do have goals in the future like I you want to build a house but I don't want to have kids eventually like yeah so So I want to have better habits. But you're not even close to marriage. You cost$70 ,000 a bad debt. You're not even close to marriage. I mean, we've talked about it. Yeah, we've talked about it, but you guys aren't willing to until you guys are both in better financial positions. But you have$10 ,000 more in bad debt, not even including your mortgage, bad debt, than you do in income on an annual basis.

1:09:59Then you have your cost of living. Eat into that. Then you just travel twice a quarter.

1:10:10and concert tickets this is probably just another show just another show coming right around the corner another big music festival right yeah I mean I've been looking at Bonnaroo and Lollapalooza but I'm gonna just which one's more important kids or Lollapalooza which one's more important I mean kids I want to get my life together You said no, go to Lila Belouza. I know. I'm just in my early. You get to make the choice. This is your choice. I know. I'm just in my early 20s. So I'm like, I want to. Well, when do you want to have kids? Because whenever this then takes you to your 70s. I mean, when I'm in my 30s.

1:10:50Well, you dumb tig. Guess what? 30s before 70s. So I don't know what to say. If you want kids while you're 30s, you need to start this now. Yeah, I know. I know. Do you know? Because you're not doing anything. You consolidated a couple months ago and built them all back up. And spent a lot of the consolidation on the new debt on Christmas. Yeah.

1:11:23Yeah.

1:11:30Insightful. sheen you're buying sheen and financing it you pay through four yeah i regret that one great sheen's not good what all are you affirming because i feel like there's probably more than just this uh i have enough the firm's for my couch so i use my couch for what well that's why i have rooms to go too because i tried to get a rooms to go credit card and it wasn't enough so you then oh so then i used to firm instead because they wouldn't give me high enough credit limit on the rooms to go credit card i used to firm instead okay rooms to go you have 2220 i didn't i don't see that on your firm that the couch no yes should be on my firm well maybe it's in a different statement then because just on this affirm document alone i only see the sheen maybe I forgot to send it I definitely have the affirm for how much is owed on a firm about 2 ,000 for the couch on a firm yes oh what's the interest on that probably probably like 30 40 % on a firm okay what's your minimum monthly on that 185 20 huh 185 20 okay that comes out of our joint account And then on this Rooms to Go one, the 32.84 % interest, usually Rooms to Go 0%, so you just went full stupid about this.

1:13:06Oh, I think, okay, that is the Affirm for the couch. It's just linked because I bought it from Rooms to Go. So it's Affirmed through Rooms to Go. Yes. Okay. Yes, yes, yes. That's what that is. So that's the same thing. That's your 183? Yeah. 185? 182.15. 182.15. Okay. Something like that. 2 ,220 and 75.

1:13:31So I'm guessing you're just loading up all your rooms with new furniture. How are you affording to get all that?

1:13:40Just, I mean, with the cards. I get the affirmative or use another credit card that I need to use it. Or I do, like, afterpay, Klarna, stuff like that to pay over time.

1:13:58Great Yeah And like I said I had enough firm for the tires And I used the loan to pay that off So This was recent That's for Italy Great So you have a debt for a debt Yeah Did you pay off your debt with the consolidation? Yes So you never When you said you paid off your debt at the beginning You didn't pay off your debt. You now have a consolidated interest debt. Interest debt. You didn't pay off your debt. You said I paid off. You let, you, man, dude, you completely manipulated that part of the conversation. I paid him with the. But you didn't pay. You borrowed. I mean. You looked, it looked like there was a fucking diamond in the rough there.

1:14:49And then you, but you left out the most critical piece. You didn't pay. You borrowed. Yeah, to consolidate and try to do. Yeah, but you didn't pay. You didn't pay. You didn't sacrifice. You didn't save. You didn't do anything other than apply for a loan. Oh my gosh. I'd rather owe a loan than owe my dad. Really? You'd rather owe a 30 % loan than zero? To my dad, yes. I get it. Why'd you borrow it from him, you tit? Because I wanted to go to Italy. From him! Because he said he would pay for it if I paid him back. So I started paying him back. Why'd you accept it, though, if you'd rather have a personal loan than him?

1:15:35Accept his? Oh. Yes. Because I wanted to pay him off, pay him in full before we left. I was supposed to pay him before we left on the trip. So I used to borrow. for? Did you think you were going to borrow to pay him off or do you think you were going to pay him off? I was planning on just paying him. Planning? Yeah, every month. Yeah, what was the plan? Like$200 every month. How'd that go? Not great. Did you pay any? I paid for like the first two months and then. You're incapable of doing anything longer than f***ing up more than two months. If there's anything good in your life, you can only do it for two months.

1:16:10Don't have a kid because you'll lose interest in taking care of it after two months. I don't think so. I. Nothing historically to say otherwise. I don't know. I tried to pay him off. You didn't. Stop saying that fucking word. You don't know what that word means. Okay. Yeah. You what? Nothing. You what? Nothing. Nothing. Nothing. What's this Instacash? Yeah. Are those like those little paychecks that hit you early? Uh-huh. Why are you doing that? If you're falling into that trap, you're likely... Yeah, I've been kind of stuck in that for a minute. Because I... When did you start? I was using Dave a while ago, and then I got kicked off Dave.

1:17:01Of course. You didn't pay back? I paid it back. Why'd you get kicked off? I think because I was just... Honestly, I don't remember why I got kicked off. I just remember getting kicked off. You wouldn't kick you off. You would have been a money-making machine. I mean, I definitely paid it all back. I don't know why they kicked me off. On time? Yeah. I think. I just got kicked off of it, so then I started using Money Lion instead. Money Lion? Yes. How much do you owe to them right now? Zero right now. You make$60 ,000. And Doug. Here we have the Lemo Emu in its natural habitat, helping people customize their car insurance and save hundreds with Liberty Mutual.

1:17:41Fascinating. It's accompanied by his natural ally, Doug. Uh, Lemu? Is that guy with the binoculars watching us? Cut the camera! They see us! Only pay for what you need at LibertyMutual.com Liberty, Liberty, Liberty, Liberty Savings vary. Underwritten by Liberty Mutual Insurance Company and affiliates. Excludes Massachusetts. So you're not in the trap. I probably will be. I just got paid yesterday. So that's why. Why? You make 60... You make a... You make a median household United States income in a cheaper area. What is wrong with you? You have no ability to be mature with your money. No, definitely.

1:18:20Please download the app. My gosh. Impulse buying is the worst.

1:18:30Set yourself a category, a limit on what you can spend on boots. Yeah. Okay? Okay. Set up a savings goal in there for a concert. You can do this. You just have to manage it accurately. Well, see, that's why I don't know how I'm supposed to pay monthly minimums and also put money aside for savings. Because you budget it? Because you probably, I mean, we'll find out when I make you a budget if you even have enough. Oh, my gosh. Yeah, you instant cash like crazy. How much do you borrow in a month typically? Probably about$200, up to$200 a month. I saw way more than that. I saw probably$300,$400,$300 to$400.

1:19:06Well, I had to use it to get the plane ticket here, but that's about it. Use the reimbursement to immediately pay it off then. I will. student loans. Yeah, what was your degree in? In global business with a concentration in management. Yeah, you're actually using it. Yes, I am. If you want a course career certification to boost your resume and hopefully get a higher income eventually, just let me know which one you want, and I'll gift it to you. Okay. It's been used by the audience. Yeah, I've been debating on if I should try to get a master's degree or if it's worth it. It can be. If you can do it in off hours for you, that would be best.

1:19:43Right now, I need you to really utilize this income to pay off this debt. What's your minimumancy payments on your student loans? I don't have any right now because it's in forbearance. Why? Were you a part of the save plan? Yeah, well, I think I'm part of the ID something. I'm part of something. Income-driven repayment? But you make a good income. I am down for those programs for people that struggle. You shouldn't be. Your struggle's a choice. For two years, you've been making a really good income. You should pay back the student loans that got you to make that income Yeah, but since I don't have For those who are struggling, absolutely Let's put them on income driven Your income driven should be pay your payments Your payment would be 250 bucks a month probably You can do that Yeah, it's like 145 But it's got 0 % interest right now So I don't have to pay it This is why people are angry about forgiveness stuff Because people like you shouldn't be the one that's benefiting from that I mean, I put in all my income and they accepted it.

1:20:44I know. Exactly. That's the problem. They didn't have to accept me. I know. And that's the problem. Do you not understand what I'm saying? Ally. No, Pan Air. It looks like Ally. Pan Air? Yeah. Oh, credit union. Yeah, it's my car. But this is a car. Oh, Kia Forte 2017. Okay. Yeah. Okay. What's the interest rate on that? Probably. I think it's 3.99. It's really good. Yeah, I got it like 2021 when the whole used car thing was going on. I don't hate that. But I've walked into the dealership. I hate this. What? Whoa. Hold on. No, this is not true. This can't be true. What do you think it is worth? First of all, you owe$12 ,533.

1:21:30What is it worth? If I had to guess, probably like$6 ,000 or something crazy. Yeah, it's worth$3 ,800. God. What the fuck? I'm glad you have an incredible interest rate. You're underwater by almost$10 ,000. Yeah. On a$12 ,000 loan. Well, when I went to get a car, I went into the dealership, like, right after work, and I left that day with a car in, like, under an hour. I'm not cool with the interest rate. But this is where I can't get an affordable car. I can't find it anywhere. My, my, my, my, my. Yes, there's a lot of struggle, and it takes a lot of time. But that's the thing. It takes a lot of time.

1:22:04It takes a lot of research. You got to take things to mechanics. You got to put in the fucking work. your salesman's best day of their life when you are the person that is the vast majority of people that honestly get cars they go into the one place they see a car they like it they walk out you gotta put in time take home transportation even taking ubers for a couple months even though it's expensive for those couple months is worth it over the course of multiple years if you don't get into an insane stupid loan and you got into an insane stupid loan did you roll over negative equity or something no this is without rolling over negative equity no i had a I got in a car accident, so I got some money.

1:22:41I totaled my car and I got some money back. And even with putting that money towards this, you are this underwater. Yeah, because I still owe my last car. Oh, you got swindled. Swindled. I had to find a way to get to work. I had to get to work. Uber, Uber, you little f***. And you wouldn't be$10 ,000 under the f***ing... Whatever, whatever. What do we do? Well, at the time, it seemed more expensive to do Uber. At the time, at the time, at the time, at the time. Yeah, at the time, everything. Great. What's your minimum monthly payment on it? $296. Why do I see a payment of$242, then? I might have already been some money in the account.

1:23:17I sometimes pay a little bit over, and I'll have a couple extra dollars in there. But it's$296 a month. I did have to. How is it? How's the car doing? It's not doing well right now. Nothing. When I get back, I'm going to have to take it somewhere. What? What's happening? It's been stalling a little bit. Oh, transmission? Hopefully not. It's just, while I'm driving, it'll just kind of stop. It feels transmission-y. It's what happened to me when I lost the transmission. I don't know much about cars, though. Me either. That's why I'm like, I don't know. But that is at least what happened to me when my transmission was found in my 2013 Nissan Altima.

1:23:57Yeah, and I've been trying to put it off as long as possible. Okay. Yeah, but now you probably can't trade it in and then not catch it. because I was able to get away with that. Is that more? I don't know. Still did it. It's fine. Hey, that's a great idea. I never even thought about that. Yeah, well, yours is probably f***ed now. Yeah. But the check engine light comes on and then goes off. So, like, I have a little bit more time. But the$3 ,000 put to underwater by about$9 ,500 on it. But that's until they know that your transmission is failing. I think I started out with$18 ,000. on it or something crazy.

1:24:38How long have you had this loan? And it's still obviously going to be around forever. Longer than the car is going to be around at this pace. Yeah, for sure. I think the car is about to bust. It's getting there. Why'd you have to say that? Why one talks like that? What? About to bust? It's about to drop. It's about to die. It's about to die. Yeah, it's at 4%. It's a good interest rate, just bad loan. Yeah, which at that point, I think I was just more focused on the interest rate because that's what everybody was telling me was like, make sure you get a low interest rate. So the total cost, I don't think I really thought about.

1:25:24Okay, so here's the house,$204 ,306.42 is your remaining mortgage. Okay. How much did you put down? Nothing, because it was a first-time homebuyer, so I got the— FHA? Yes. So you put a little down, but— Well, yeah. I think—well, I had to pay off credit cards to get the loan. I think I had to pay off the care credit. I had a Home Depot card, and then— And then you bought it all over the program. Yeah. But, yeah, and I put like— That's$1 ,176 on a monthly basis? Yes. Yes. It is. Type in the address. Send a new construction zone. Type in the address.

1:26:19Oh, that's not the right one.

1:26:26I need that. Oh, okay. Well, Oh, no. All right. She has an equity position of, wait for it,

1:26:43$300. Are you serious? Which means if you sell it, you're definitely lost because you're likely going to pay 6%, 3 % to the seller agent, 3 % to the buyer's agent. That's not 100 % required these days. You can negotiate that. Well, I was planning on staying in it for like seven to ten years. Yeah, you plan on it. Until something happens where all of a sudden you can't. That's not how that works. That's why you need an equity position. You need a fully funded emergency fund. All I saw was max out credit cards, so fuck you. Sorry. But that's not how it works. Also, it's going to be a harder house to sell.

1:27:13I mean, it's 1 ,200 square feet. You usually want at least 1 ,500 for resellability. Three bed, two bath, at least you do have that because that is kind of the minimum that you'd want for easy resale. But it's going to be a harder time for you're going to be looking for either a starting family or a first-time homebuyer. Oh, that's for sure. Well, that's what most of the neighborhood is. But you've limited yourself. Yeah, but it's in a great area. Oh, I'm sorry. What? No, I'm not going to hurt your feelings. What? Go ahead. Do it. Do it. Do I? It's the landlord special. The landlord special? What does that mean?

1:27:53It's very 2015 renovation. Gray floors. Oh. Gray floors? We can't be doing gray floors. Gray or great? Gray. You don't like the dark? Is that not good? I thought that was way better than light colored. Yeah, it was good 10 years ago. I think it's still great. Light wood now is what everyone's getting. No. Yes. That's what my last house was, and it just tracks too much. You can see everything on it. Sure, but I'm just thinking resellability. Again, you'd be selling a house that seems dated. Yes. I if I know anything it is at least real estate that is like my passion I didn't know if Flores went into it that much like that Flores go into it that much have you talked to a white woman I am a white woman unfortunately didn't know about that one

1:28:49Regions yeah that's my personal account $325 in a checking account but we have a mortgage good okay Oh, Winnin's got some bullsh** Winnin got some bullsh** And Panera Oh, goodness, it's all spent

1:29:06How much the Did you f***ing Spent, huh? What did you do? What have you done? Where is it? If I could find it, where would it be?

1:29:25Yeah, almost$500 going out to eat and almost$500 on Miscellaneous Bulls. Yeah. Yeah. Going out to these shops. Yeah, Zaxby's Cash App it out, Cash App it out, Spotify Cash App it out. Where's Cash App going? Where's Cash App going? Either to my boyfriend or my mom. Okay, great. Why? Okay. Apple, Chick-fil-A, Cash App, Cash App, Cash App, Chick-fil-A, Rusty's, Kent. Winning, got some bulls. Okay, when you go to the gas station for$3, what are you getting? These. Oh, you f***. Why can't people buy in bulk? Are you guys actually, is humanity failing? Humanity's failing. Why can't you buy in bulk?

1:29:59I'm so f***ing... The cans are smaller if you buy in the six pack. The cans are smaller. What about f***ing Costco, you little tit? I don't know. I need Costco card. Monster, monster. Barnes and Noble, go to the library. Monster, monster. Monster. Rusty's. Jimmy John's. Monster. Rusty's. Monster. Monster. Fashion noob something. Famous footwear. Chick-fil-A. Rusty's. Amazon, Monster, Torrid. So the Rusty's? What, the rental car? Torrid? Is that what it is? No. That's the clothing we're in. No, great. Just clothing. Monsters, Nintendo, Starbucks, Nintendo, Apple Bill, Netflix, Monster, Rusty's, Monster, Monster.

1:30:42I have, there's a cafe at the office that I work at. Great. Pack a lunch. Congratulations. You figured it out. You bought a new kitchen. Use it. Well, yeah, but down there they have like a little grab and go section. Great. Pack a lunch. You just got a kitchen. Use it. Yeah, I try. Objectively not. Objectively not. Lady. That's not true. You even knew. You felt it coming. I've conditioned you. Was it Pablo's dog or something? That's me.

1:31:16Savings went down$200. Yeah, we... It's not looking good. You have$1 ,900. I'm glad you have that, but it went down. Yeah, I got my deposit back from the rental, and then I put all of it in savings. I think I put like$500 in savings, but something came up, and I had to pull out. And I had to pull it out. Wait. What? In this account is McDonald's, McDonald's, Domino's, Editors' Bakery, Cracker Barrel, Amazon, Piggly Wiggly Monsters, maybe, Blue Tequila. What the fuck are you doing? What the fuck are you doing? It's going down. McDonald's, Amazon, Amazon, Sonic, Shake Shack, Brew. Come on. $50 in the savings account.

1:32:03Bullshit. Oh, and then the savings account, a dollar went down from 500. Oh.

1:32:16401k, 12 ,000. A weird surprise to finish these documents with. Okay. a surprise for sure that's one thing I don't touch 401k don't even consider it something that you acknowledge is possible nope no no no no

1:32:52rage You want me to start grabbing? Extra value meals are back. That means 10 tender juicy McNuggets and medium fries and a drink are just$8. Only at McDonald's. For limited time only. Prices and participation may vary. Prices may be higher in Hawaii, Alaska, and California and for delivery. I'm sorry.

1:33:17Okay, your minimum to debt payments. Let's calculate. Not including mortgage. Oh. Kill me now. It was almost half of your net. $1 ,507.15 is your debt. Not including your mortgage. Your mortgage,$1 ,276.21. Okay. How much does he provide to the mortgage? We each put half of our paycheck in to the joint account. Every paycheck. I don't know what half a paycheck. How do you split the mortgage? Is it down the middle? Yes, down the middle. Okay. I'm going to divide that by two. $753.58. So if you guys don't break up for financial sake. Utilities. How much do you put towards utilities?

1:34:05$150.

1:34:09Probably about$300. Is that including the internet? Yes. Okay. Your phone bill. Well, we have a joint phone bill. Yeah. Get a half then, please. Sorry. Uh,$150. I'm irritated. Okay. Uh, gas, just you. Driving, vroom, vrooming. Probably about$100 a week. A week? Okay,$400. Car insurance, your portion, if you split it. $131. Okay. You can contribute$300 to the food pile. Again, use the cookbook. Use the cookbook. If you want the physical version, just download Simpler Budget. Select the annual version. TP Fund. you can do$100. It's makeup. It's anything you need. Keep your fund. Medical, healthcare?

1:34:59$107 a month. Okay. For what? It's for dental health, all that. Is that before your pay hits or after? It gets taken on the patient. Oh, okay. I'm asking what's... Oh, sorry. Yeah, what do you have to spend on healthcare and medical on a monthly basis? I have medications for probably like$50 a month. Cool. What about gym? Nothing. I need one. That's something we need to budget in. You have five pets. Health and age. Of the pets? Yes. One of my dogs is two. Okay. Health? He's good. Good. Perfect. Okay. There's 40 bucks for pet insurance. Next. Another dog. She's eight. Nope. Next. The cats. I got three cats.

1:35:45Cat number one, age, health. Cat number one is six, and he's the one that was at the vet recently. a lot. So, nope. Okay, next. He's about four. He is invincible. He won't ever get sick. He's good. Okay, there's 40. Next. The little kitten, she's about two years now, and she's okay. She's good. She doesn't get bad health. Okay, there we go. $120 to pet insurance. Pet food, how much on a monthly basis? Well, I've had to put them on special food. So, 40, probably 120. Cool. Anything else that has to be in your budget before I add it all up? No. Jim budget, if you want to add that in there. You want?

1:36:33Okay, yes. Yeah? Yeah. How much do you need? Probably like 20 bucks a month. Okay. Yeah. You need$3 ,951.74 to live on a monthly basis. You make$3 ,600, and that's with you splitting the mortgage. So if you are underwater.

1:36:54listen, you might be in a situation where bankruptcy is kind of the way out. Keep the house, keep the car, get rid of everything else. Or you're just going to have to go work 80 hours a week and grind on this slowly. And it's going to take, I mean, let's say you make a net an extra 500 after you're living. So you need to make an extra, let's call it, next 800 bucks, but you have 500 left over. Okay, 70 ,000 hours of bad debt. Again, this is not including your mortgage. Divided by 50. 70 ,000 by 50.

1:37:31500. I'm so sorry. Okay. 70 ,000 divided by 500. It's 140 months. I mean, even that still takes 12 years and bankruptcy would be off your record at that point. But do not go through bankruptcy until you change your behavior. Again, download the Simpler Budget app. Take all of our classes. We have four classes now, including real estate, which would have prevented you from getting in this mess. But you got to take the budgeting one first for sure. You get them all for free. Do you think bankruptcy is probably one of the other better options? I mean, even if you're bringing in$900 more a month than you are now, it's like you're still not making it.

1:38:08It's not making enough to turn it off? It's 12 months before you can even start saving for an emergency fund. Years, 12 years. Oh. So it's bankruptcy situation potentially, but you do not enter it. You do not go into it until you have proven you've changed your behavior for not three months because that's the most you've ever been able to do. Maybe six months. If you prove that you do not spend on debt, do not build debt, are able to stick to this hardcore budget for six months, then I will allow you to go through bankruptcy. And it's not cheap. It's a few thousand bucks and it can be stressful.

1:38:44Yeah, my dad's been through bankruptcy before. So that's such - Honor like father. Spending a budget, you overspend, 0 out of 10. Debt, look how long it takes to pay off. I mean, the balance is brutal. It's basically as bad as you get without collections or IRS debt. So 1 out of 10. Emergency fund, there's nothing there because there's a checking account that I looked at. But I'll give you a 1 out of 10 for at least that checking account, but it went down. Retirement, it was at$12 ,000? Yeah, about 12. Makes$60 ,000. $25 ,000 in terms of scaling to get there. Yeah, about 7 out of 10 to get the one times your income by the time you are 30.

1:39:16Real estate, no equity position. At least you're there, though. So if the market does go up, you'll gain it. But you're still in a risky position. So real estate, three out of ten. Good luck having to make any repairs. You're not ready. Well, I get a home warranty for at least a year. So that covers the first year at least. Yeah, and you're almost halfway through that. Yeah. It's come in handy, though. Hammer financial score rounded up 2.5. Guys, join us in the post show. join below our hammer elite version of the membership has more content than any other membership on the entire platform we have proven that by talking directly to the source so go ahead check it out it's the fastest growing on the platform for a reason we can call a dream's boyfriend if we want and i'm curious if he knows how much yeah call him hi how much uh bad debt not including the mortgage do you think your girlfriend not wife has 15 grand that's adorable why aren't you guys married why aren't we married yeah well to watch the financial audit post show click the join button below