White Girl Would Rather .. Like.. Eat Than Grow Up 💅🏻 | Financial Audit - Financial Audit: Summary & Transcript

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Financial Audit Podcast Episode Summary

Episode Title

White Girl Would Rather .. Like.. Eat Than Grow Up 💅🏻

Overview In this episode of "Financial Audit," host Caleb Hammer engages with a guest who is navigating her financial landscape while trying to manage debt, education, and career aspirations. The conversation dives into various aspects of personal finance, including budgeting, debt management, and lifestyle choices that impact financial health.

Key Points Discussed

Guest Background

Profession: The guest is a crash investigator and trivia host, working full-time while pursuing a master's degree in public health education and promotion.
Education: Currently enrolled in a master's program, the guest graduated from Texas State University with a bachelor's degree in health science and is now looking to work for the CDC.

Financial Situation

Current Income: The guest brings in approximately $3,400 monthly from her full-time job and side gig.
Debt Overview:
The guest has accumulated various debts, totaling around $15,000 not including student loans.
Significant expenditures include moving costs, which are disproportionately high relative to the guest’s income.
Additional debt categories include:
Credit card debt (Capital One, Discover, USAA)
A loan for moving costs
Student loans (approximately $18,600 by the end of her graduate program)

Lifestyle and Spending Habits

Spending Patterns:
The guest has a high spending rate on dining out, entertainment, and unnecessary subscriptions, contributing to her financial struggles.
A breakdown of the spending revealed excessive dining out and impulse purchases leading to a lack of savings and increased debt.

Key Discussions

Debt and Budgeting:
The guest expresses awareness of her poor financial habits and the need for a budget.
A stark contrast is drawn between her income and spending, highlighting an unsustainable financial model.
The episode emphasizes the importance of financial literacy and the consequences of lifestyle choices.

Emergency Funds:
The guest lacks an emergency fund, making her financial situation precarious.
Suggestions are made for creating a basic budget and prioritizing savings to build an emergency buffer.

Future Financial Goals:
The conversation shifts towards actionable steps for the guest to improve her financial health, including reducing dining expenses and managing subscriptions.

Advice and Recommendations

Actionable Steps:
Caleb outlines a plan for the guest to tackle her debts systematically.
Recommendations include focusing on building an emergency fund, adjusting her budget for fixed and discretionary spending, and picking up extra work to pay off debts faster.

Psychological Insights:
The host encourages the guest to take accountability for her financial choices and to recognize that many of her troubles stem from lifestyle decisions rather than external factors.

Key Takeaways

Self-awareness is crucial: The guest’s realization of her financial mismanagement marks a significant step towards improvement.
Budgeting Matters: Creating and adhering to a budget can help align spending with income, leading to a healthier financial state.
Debt Management: Understanding the implications of loans and credit card usage is vital for long-term financial stability.

Conclusion The episode provides a candid look at the intersection of youthful exuberance, financial mismanagement, and the path towards gaining financial competence. It encourages listeners to think critically about their spending habits and the importance of budgeting and financial education for achieving financial freedom.

For more insights and future episodes, listeners are invited to join the Financial Audit membership and check out available financial programs.

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Transcript

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0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube.

0:30And this is Financial Audit. There it is. Thanks for coming here. I appreciate it. What do you do for living in San Marcos? I am a crash investigator and a trivia host. A crash investigator? Car crashes? Yes. Okay. Is that a full-time job? It is. Wow. I just recently got that one, too. It's pretty cool. I used to be a pit master at Black's Barbecue in San Marcos. That's very different. Yes. Yes. Well, I graduated from Texas State. My major is health science and it's absolutely impossible to find a job that pays more than$10 an hour in like that field without experience. Sure. So you're not willing to put in the time at that, you know, lower level to build up the experience because you're not getting the experience in the crash job, are you?

1:20I am. I am. Believe it or not, the company that I'm working for is a public health sector. so I'm actually in school right now getting my public health education and promotion degree I thought you said you graduated from yes I graduated from Texas State with my bachelor's and now I'm getting my master's oh you're getting your master's how much are we spending on school right now oh my goodness that could be good that could be good what was the master's degree you're going for again one more time public health education and promotion education so what does that look like what are you going to do with that I want to work for the CDC ideally I want to help make programs kind of so like when the world fell apart with covid i want to help aid in the world falling apart a little bit less so i know it's so you have to wait for the one every 100 year pandemic to have a job i guess so one that'll pay decently what is this position called i want to look at like median pay oh like the one i want to be yeah what do you want i want to be an Epidemiologist.

2:19Oh, okay. And you can get that with this master's degree? Yes. Epidemiologist.

2:28$81 ,390 as of May 2023. And it tends to range from 73 to mid-80s. So median, apparently, in the United States is around$81 ,390. So that's obviously a lot more than$10 an hour. okay so what's going on here because obviously so you're in masters right now you're in masters with a lot of debt lots of different kinds of debt we have like all the variations of the little collections that we can get you plucked all the debts out so what is going on what are we looking at today oh my goodness well today you're seeing a lot of moving costs that i a lot. From where and why? I will never understand this.

3:15I like I've moved cross country and I did it for less than a thousand dollars. Like I'm I know everyone wants to like hold on to their stuff and like, you know, that makes moving expensive. I sold like everything and just packed up a sand. It's like, I'm going to go start a life. And then you just build the furniture over the course of a year. But like, what did it cost you to move? And that's all your debt was moving. A lot of it was moving. Where'd you move from? Okay, so I am originally from Brownsville, Texas. Of course, this giant move is just in San Marcos. Yeah. Two to three hours north?

3:48Three to four hours north? Well, so I moved to San Marcos as a freshman, but the really expensive move is actually just like - Are you telling me literally going into freshman year of college was just that? No, no, no. The move into freshman year? No, it's even worse than that. You are just absolutely joyful, aren't you? Yes. I smile and I'm nervous. Oh, wow. Yes. Yes. No, the move is actually just like a 10-minute move. Yeah, it's bad. But if it helps a lot, a lot of this debt is divided between four people. How much did it cost? How much did it cost you this move for four minutes away? Oh, my gosh.

4:29Well, so I moved from an apartment, which is a really expensive apartment. And I moved into a house for the first time. So with moving costs and everything. Oh, my gosh. What do you mean moving costs? Like deposits and like pet fees. Okay. That's see what I think moving costs. I thought you're paying people to pack up your shit. Moving in a truck and move to like a different city or different state. Oh, no, I was moving. So you're just talking about just getting into a new place, putting the security. You didn't get your security deposit back from the previous place. Not yet. We literally just moved out everything.

5:06So I've been living in this house for about a month, but I've been paying for two rents for the last two months. Oh, yes. So why did you why did you sign up for this? Honestly, because I have never taken the time to sit down and look at all my finances and I'm clearly not doing well. and I think I need an eye opener seriously um okay especially because I a lot of these purchases that I've made I genuinely feel like I need them so I clearly don't know how to cut the fat off properly um on something other than a brisket but yeah so well done that's a good one the look of disappointment is crazy well this is ridiculous paying rent for two months as a student I I don't feel like that's the dumbest thing ever.

5:59As an adult with a full-time job, maybe I kind of get it. And you do have a full-time job, but you're trying to do the school thing. I don't know. It may not have made sense. Unless there's like a reason why we're saving more over the long term because of the new place. That's where we could make it work. Well, ideally, that would be the case. So at my last place, my rent with my bills and all that was over a grand with utilities and such. um now at this new place while the upfront costs were a lot the rent will end up being like 569 so it should be going down pretty much but i know that you know the first few months are going to be pretty like making up all of the debt that i put myself in i did take out a pretty large loan trying to move but i think i was over preparing because i didn't know how much this was going to cost what did you take out what are you talking about oh i'm so your security deposit you're taking you took out a loan for yes okay how how much how much possibly oh my goodness i think it was like three and a half grand i want to say how much are you making in this crash job um i make 21 dollars an hour how many hours a week do you work 40 and then i also do trivia on the side how much are you making with trivia on the 35 an hour and i work about 10 hours a week so um each check i get from there is roughly about like tomorrow i'm getting paid 420 got 550 dollars in then payroll 2852 does that sound like a normal month for you round about okay oh wait round so like for the whole month payroll for my crash job yeah um probably for the whole month it's a little closer to like 2800 i get about 14 i said 2800 oh i misheard you i'm sorry it's okay it's okay it's okay so your total income that comes in through both net is three thousand four hundred two dollars now you had some sales coming and everything and obviously spending went out what do you think went out what do you think went out in the most recent month um went out in like what way number your accounts leaving debt going up what how much money was spent overall probably most of it honestly that's not a number okay can i say 3 000 sure can okay the correct answer would be 12 000 wow really how the are you that far off yeah um i'm really far off i guess i thought i understood a little bit more i have you been surviving uh if you don't if you're that far off how much in debt do you have total probably like well are we counting student loans too because i i haven't really gotten a chance to deal with student loans because not student loans because you didn't send us a statement for that so without that what how much oh my gosh probably like 15 grand okay that one you're a little closer on so you you're close to understanding at least your debt situation but where your money's going you don't know not fully now for what it's worth 6 ,400 went to housing but even still you take that and get rid of that minus housing you still spent 6 ,000 bucks and you brought in 3 ,400 too that's not sustainable you can't live off of that that makes no sense so get rid of the unique housing thing and you're still by double okay what if i were to tell you that part of the loan that i used was for auto insurance um and i do that helps well i i didn't plan on renewing at that rate but it was pay like 150 a month for six months or i think up front it was going to be like 780 something and i get wanting to do that but what like what interest rate did you borrow that at and then there's minimum monthly payments for that so that loan that was part of the loan that i had gotten for move in like i kind of wanted to keep yeah but didn't mean you have to use it all i didn't intend to use it all and did you use it all yes yes um that kind of finished off the whatever i had left over from that loan and i had anticipated like using the loan and then whatever i had left over right after move and all the double rents returning it and paying it straight back to that loan and then i guess i can use the excuse life happened but auto insurance was a lot more than i intended i'm pretty new with auto insurance if i'm being honest um and a lot of the things with the car which i'm sure you'll see like oh yeah oh i'm assuming we have a lot to get into yes okay well i want to hear self-assessed where do you think you are in the world of finances zero being the worst 10 being the best where do you think you are probably like a four look who we have everyone oh well i was gonna pick her up and show there's a dog here i was gonna show everybody so you think you're four you think you're straight down the middle yes you make right around the median uh well the median monthly income of an individual in san marcos is 3950 hello

11:12she loves attention she's got the here she is everybody here she is what's her name for the audience that is miss sparkle pants miss sparkle pants oh it's always a boy boy yes she is miss sparkle pants that's right you're so cute okay we're gonna film an episode now uh but nice seeing you miss sparkle pants editors make sure you're putting sparkles all over the screen i know okay so you're actually probably making after taxes you're making above the median individual earners and marcos okay yeah you're f***ing it all up somehow yeah if you want your hammer financial score it's free link in the description below and if you have interesting stories interesting financial situations opinions you want challenged if you find yourself to be an interesting person apply to be on the show we're happy to have anyone on calebhammer.com slash apply all right let's start the debt journey here we go capital one so why are we into the capital one debt and better question what are you spending on when it's accruing fees interest and you're not and you're only make and you purchase double what you put towards it you you can cope giggle through that i get that that's why you're doing that i'm not gonna allow that to piss me off you're coping i get it but why the yes okay so that capital one credit card was supposed to be the emergency credit card that you never use ever no no no emergency credit card let's get rid of that let's get rid of that term okay it is a thing in many households and that's why we're okay emergency fund a stack of cash sitting in a high yield savings account that you use only in the case of emergencies i get it if you don't have it and you have to use an emergency credit card to save your dog's life i do get that and then you do it and then you sacrifice everything everything everything in your life to pay it off as quick as possible and then save up a fully funded emergency fund that's what you do if you have to use an emergency credit card because you don't have an emergency phone but guess what you're just using this on an emergency thing you're going inside getting a drink from a gas station going to the cinema and going to what is this what is this john casablanca thing that's what you're doing you're doing those three things those are not emergencies those are not emergencies so emergency credit card off that's not true what's john casablanca john casablanca is an acting school so i do love public health that's what I enjoy doing.

13:41That's what I went to school for. But I would really like to work in advertising. Austin. Wait, did you say advertising school or acting school? It's like acting school, so they'll teach you how to do commercials and such. I've been... What is up with people in Austin? I mean... This is not an acting town, is it? I thought it was, but... What movies are made here? What movie studios are based here? that's true can i say hammer studios is that allowed you can but it's hammer media hammer media sorry it's okay plus we're not doing a commercial anyway that's true but i like the taquito sign by the way in the front that was pretty cool isn't that pretty cool pretty cool hey show me your commercial skills uh um uh plug uh plug our budgeting course plug our for the audience let's see how good you are in your acting skills plug the budgeting course and the investing course um to the audience hello oh there you go okay yeah plug it but i don't i don't know get them to sign it up and they're all bundled together at a lower price right now okay both of the courses both of the courses teaching you how to bundle teaching you how to invest as you know and then you get them for free because you're a guest on the show give us your acting skills let's see Okay.

15:06Hi, guys. If you guys are interested in saving money, go ahead. I'm sorry. I'm just nervous. Oh, my gosh. I'll tell you how to not save money, and that's going to acting school while you're already in master's, while you're already floundering the income you have, while you already have debt, while you can't pay off a card, while fees are accruing, while interest is accruing. Yep. Yeah, that's not how we budget. A past due fee. A past due fee. Is that on the Capital One? Or? Yes. Oh. You know, I should. What are you doing? I need to turn on auto pay. What do you not have auto pay on? I thought I.

15:46Okay. I like to believe I'm a responsible person. Uh-huh. And yeah, that's good to have beliefs about bulls**t that lead us down the wrong path. That's great. That historically has led to amazing situations for everyone. Oh, yeah. It led me to acting school. And how's that going? Well. Huh? what if i tell you it's a work in progress i believe it well i mean that i actually did just stop doing that purchase because i've been paying for it and i thought it was going to be a lot shorter than it was um have you learned anything you're a giggly bubbly happy person i'm sure everyone absolutely loves you this are you did you get anything from it well and you want to work in public health anyway so i don't understand what's happening yes you know i kind of feel like with my life it's like there's something that I should be doing right there's the practical option and that's doing public health because I do it one day I would like to have a family I'd like to have children and I definitely want to be able to provide for them um and doing things like going for acting and just you know thinking I'm going to be a star like I'm on x you know you're going to a class for it it's an online it's a zoom thing so they so you don't find that you have natural talent for it i i guess i just don't think that i'd be given the opportunity because on paper i'm a nobody they're not going to cast someone based on going to a class though it's going to be based on talent well they say that at the end of paying for the classes and attending them you have to oh boy here we go that they will give you all these auditions for you to go to and i'm hoping that that's the case but i haven't had the time but you just canceled it i did because i've been paying for these classes and I haven't been attending them um but how long probably since like March okay um and it's 75 a week and you're literally missing 75 a week what are you on you can that's a car payment you can reschedule them um and I've paid I have a bank what have you rescheduled like 50 now yes and you're literally missing payments on credit cards so I don't think we're doing 75 a week acting bullshit yeah and that's why I paused it and I was like you know if i catch up positive pause it cancel burn oh well i think it could be listen i know a lot of people that go to classes to do things that involve talent and then there's the people out there that have talent that actually do it like yeah i'm not saying you can't be an actor but i've seen the people go around them the roller coaster of going through the classes for the things that they wish they were better at classes for things like education in terms of like Like engineering and stuff, that's absolutely great.

18:24And public health, absolutely fantastic. And going to theater school and stuff like that, that can be good. And obviously there's a lot of experiences in there. But I don't know, things that sell you like this, this is what sketches me out. Like if you were like at NYU acting school, it's different, right? Yes, 100%. And, you know, there's, again, like back to the thing, I feel like I have all of these different things. Like I love to cook. I'm a power learner. What? I applied to be on MasterChef, and I'm really hoping that I can be on it, actually. Gordon, if you're seeing this, I guess. She won't stop laughing, so if you like bubbly, Gordon, she's yours.

19:06Well, I guess. I'm more of a Joe Bastianich fan myself, though. He's the scary one. He's a great man. He's the scary one. I think that you'd get along with him great. He's cool. You have the look of disappointment, like, on point. I think that I'm always expecting to go bald in my life. Okay. Just because everyone around me is, but I take finesse right to avoid it. And that's been working, luckily, knock on wood. But people like Joe. He pulls off bald well. And I'm like, if I'm bald, I want to look like Joe Bastionis. He has a nice earring now, too. I don't know if you've seen it. It's pretty cool.

19:39Well, I don't know if I can pull that off. All right. So, and then we went to Creekside Cinema to go see people who are successful in acting. Yes. And then on the way, you stopped at a gas station and got some drinks, some snacks. Yeah, I got a bottle of water because for my dog, for my dog. I know, but like like like five dollars and you can get like the like Texas star water packs, like a million water bottles and just store them in your trunk. Yes. Well, so my car doesn't have AC like just water bottles. Well, yeah, but I don't want my dog to drink hot water. bring it with you from your fridge yes this is stupid you're literally missing your payments yeah you're spending double what you make and you make above the median in your area so I don't know what the f*** you're talking about I figured you'd be pissed about that what do you think that's stupid yeah death of a thousand cuts and I know what the rest of these statements look like so if it was just that alone no it wouldn't be but it's not just that alone Plus it's a 30 % interest rate anyway 30.74 % interest rate Okay So if I'm being real I don't Please I don't fully understand how interest rates work Okay I know another large charge on there was for getting my AC fixed we had this whole car issue Which I'll tell you about once you Yell at me about those purchases And I'm sure I will Okay so of your balance that is sitting there Essentially you have to calculate 30 % of it is essentially Amateurized throughout the year It's divided out on a monthly basis So the balance that is sitting here It would essentially right now The interest rate that would hit$538.71 Times that by

21:30Point What was your interest rate again? That's what I'm trying to get 0.3074 So that would be$165.60 essentially. So I'm going to divide that by 12. So it would break it out over that time, which would give you kind of an interest rate interest added on a monthly basis like this next month of probably$13.80, which exactly from because your balance was lower last time, your balance is at$4.47. So when it calculated that you had interest accrued this previous month of$12.19. So this video is sponsored by Taylor Brands. Are you ready to start your dream business but feel like the paperwork and legal stuff is just too much?

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23:25Yes. So what do you think would be a good interest rate to go for? Because genuine, I mean, are you? One, I don't trust you with any interest rates because you also don't know how to pay cards. So I would do a charge card like the Fizz card that forces you to pay it off on a monthly basis anyway. And the interest rate that is good to go for is more looking on the investing side, the compound side. Say I open up my brokerage, Mumu, and I buy into the S &P 500. At best, all up years, down years combined, I'm getting a 10 % return on average on a yearly basis. A third, that's a third of the interest rate that's on your card.

23:59meaning you're losing your best hope in like the overall stock market by three times so what interest rate is good things that are four percent or less i wouldn't trust you with them because i don't think you know how to use them so it doesn't matter whether or not you have a good rate you'd abuse it but good four percent or less on a mortgage on a student loans got a car even depending well i see all those pieces of mail you know there's a million all of these oh you got approved you've been doing so great under this and that so you have oh don't do those those those are like like uh you've probably seen credit one show up i mean i i that's one of the things that that capital one was i mean it's my fault i get that but also i I thought that it was good because I didn't get in the mail.

24:52Don't, don't, don't. You know why? Do you think they're giving free money? They want to make money. They're a company. You are their product. Well, you're their customer. Their product is the card. Yeah. I guess I thought I understood it better than I did. You're being used and abused by the credit system. You didn't even know what an interest rate was. So you don't know. No. And that's okay that you didn't know, but don't think that you do if you don't even know how interest works. Yeah. Well, honestly, I thought interest was kind of like you owe 30 % more than what you said you were going to pay or something.

25:26In a way, kind of, I guess. Yeah. See, this is why I need to take. I'm glad that you're going to like you've been explaining this stuff to me because I don't. And I've never taken the time to just sit down and look at all this stuff and try to figure it out. Well, that's why I'm happy you're here because obviously you need the help. Let me tell you. Let me tell you. Yeah, because you have a card that's almost at its max. The next one. The Discover 8 card. Yeah. Why? Why is it so high? Tell me the story behind this card. Why are we at$4 ,449.43? Because I was a dumb 20-year-old. It was my first credit card, and it very quickly added up.

26:05And I, that's, oh my gosh. I feel like I'm going to be worth it. With what, though? Quickly added up with what? Rent. Things. Rent's on a f***ing credit card. rent on debt okay yeah again i don't know what income you made then but you do not make an insubstantial amount of income oh and even then i didn't make i made less that's when i was working at black's barbecue yeah and so i was making substantial and i wasn't doing trivia on the side either so i was making substantially less um i'm sure you're great at trivia you have a personality that would be really good as an mc oh thank you you're welcome it's a lot of fun actually i have a whole tournament if you want to come i'm sure i do like trivially my friends and I would do trivia.

26:44Okay. It's been a second, but we do. That's cool. I think also that job is kind of what led me to think, maybe try acting school. Really? Yes. Okay, well, let's not connect those dots again. Okay, noted. Let's connect the dots on how stupid this credit card is and how you're basically at the max and that you have$125 minimum monthly payment. Yes. Which is, you know, once they start stacking up, it starts getting rough, but even still with your income, you should be able to be making more than your minimum payments. Oh, it looks like you put an extra$10 towards it. Wonderful. But$104 of interest accrued.

27:18$104.12. Now, thank you for not purchasing on this card. Yes, well. Probably because it's at its max almost. Well, no, because I've been trying to like, literally just like, that's like the no-no card. The no-no card? That's the no-no card. How long has it been the no-no card? Because this app maxed out, basically. Well, that's why it's the no-no card. Since when has it been no-no? I mean, since I maxed it out. I've been just trying to pay. When did you max it out? I think two years ago. No, you haven't only been paying the... No, no. This hasn't been two years of payments. That's impossible. I swear to you.

27:50I swear to you. You haven't put a single cent on here in two years. Not? And you've only made a few hundred dollars of progress. It would take 18 years to pay it off only doing the minimum payments. 18 years to pay off. I think I paid... 18 years to pay off. I paid a really large amount. Half of that was damages to my previous, previous apartment. um it was ridiculous really really bad highest damages ever so I definitely did not have two I think it was like 2300 lying around and so that's where that came from um and now it's a no-no card because I cannot obviously I have no room to spend on it I actually I I don't even have that card right now I haven't like I lost it because my wallet got stolen a while back and And I haven't even activated another card like that because I'm just trying to pay it off.

28:40And I genuinely, like, I don't know if I should be paying more than the money. You're not trying to pay it off. It doesn't look like it. Fair enough. I guess, well, all the other, I don't know how much to do on these. If you, it's going to take 18 years. 18 years to pay this off via the minimum fee payment. Okay. So. 18 years. I just don't know how large of a payment I should be making. Well, we're going to talk about that in the end when we go through your budget. and then your debt payoff strategy because this is dependent on your entire situation. But, you know, likely if we went avalanche, you would want to start attacking this thing crazy.

29:14It says your credit score is at 628. I tried. Well, because I tried. Were you happy with that? Well, no, but it was much lower not that long ago. Thank you for not missing a payment on this. This one's still at 28.24 % interest. Oh. Do you feel you understand now what interest means a bit more? Yes. um you know for a little while that that was like the student card the discover student card um so there was an interest on it for a while and then i think yeah like a year again it's a compounding thing like i explained in the market this that 28 you're not just paying that on the current balance but as that is amateurized throughout the rest of the year and adds the interest uh that adds the interest to the balance and then you're paying interest on top of that new balance so you're paying interest on the interest that accrued so i'm literally just paying interest like every it says compounding yeah your money is basically just going to the interest and then a little bit of principle essentially i had no idea that's terrifying actually well i and i mean that card has been like the number one again like with it being the quote-unquote no-don't card i just like no no that's i know no like that this is the card it's destroying your life yes no seriously i mean i and i and i get it i you know my my parents warned me with the credit card you got to be careful why didn't you listen i really thought i did and send this to every 18 year old out there just that just turned 18 no seriously that credit card i mean it's been such a pain in the ass seriously because i and i again i know you said we're gonna talk about in a little while but i don't know how to navigate like we will how much to make it go lower first we have a usaa card you usaa well this balance is basically the same so this is just going four thousand four hundred fourteen dollars and 75 cents so these balances they're just going up yes yes so the i initially got that card to help with my previous move new purchases you I don't get it again I want to see you do so well just like any guests on the show sorry I've been trying to use the USA that throws me off I'm sorry no it's okay I'm just like I'm just like I've been trying to use that more for like gas and stuff or when you have available credit of$85 for gas how in the world does this make sense so it's because the interest rate is at zero, right?

31:48Yes. Uh, guess what? In November, it's not anymore. Oh. And you're keeping your balance at the max, so you're going to allow, what, a 30 % interest rate to kick in? 22.15, still bad. You're going to, since you're allowing, instead of taking advantage of the zero percent, you're just keeping it. You just keep bouncing it right to the ceiling of the credit limit, and you're allowing that interest to start accruing in just like two months, two and a half months, three months, wherever we are. You're lucky there's no back interest. What's back interest? It doesn't matter because you don't have it, but essentially it's interest that is accruing on the back end while you're at 0%, but if you pay off your card by the promotional period ending, you don't have to pay the interest, but if you don't, all that back interest comes and you have to pay it.

32:40That's not something you're dealing with here. But also, just don't take on any credit cards you don't have to credit card person i don't want you to have to deal with that anyway you wouldn't know it you wouldn't know what you're doing and that's fine and that's fine you don't need to be a credit card person not everyone needs to be a credit card person course careers needs to come out with a certification on how to become a credit card person you people over there listen listen to that make that maybe i'll have to it's uh john casablanca that's the one that has a bunch of those purchases right it's like that i think I'm pretty sure that's the one that I've been putting.

33:11In USAA? Yeah. I thought you said it was rent. I thought you said it was the move. Well, no, no, no. That was a Discover one that had a lot of the damage cost. Yeah, Casablanca, Casablanca, Casablanca. Yes, that's. I want the Casablanca's. I think it's like, I just looked at my account when I was canceling it. I think I paid off of that card,$1 ,200 of that is. Oh. Actually, I think it's$15. Or something that's like a hobby? I guess I really wanted to believe it wouldn't be a hobby What would you want to do more public health Or that I don't know there's so many Okay you're about to make so much fun of me But it's like Having to sit down And just do one thing Every day until I die Then why do you have to spend Okay I get that No pursue it in the side absolutely Once you are out of debt and you have an emergency fund As long as you're contributing to retirement Yeah do it on the side absolutely absolutely absolutely in fact i wish i could start doing music again on the side i would just like kind of beat on it yes it is but but it's on the side i'm not going out there and i'm not dropping three thousand dollars on learning how to write music again yes well the way they marketed it they were like look you're paying all of this and this however you know once you get one gig that's like six hundred dollars that's gonna you're gonna get all of this money right back Their marketing team knows exactly the people they are selling to.

34:35Yeah. Oh, fuck me. Well, and I didn't realize how much of an idiot I was until, I mean, recently when I see that I'm paying for all of these classes. And I haven't even had the time to attend it. And I immediately was like, well, I definitely invested in something that I, I mean, I really wanted to believe. Like, I would be there every weekend doing it, doing the thing. But it has just not been feasible for me. How much can you power lift? How much can I lift? So I squat 292 pounds. Can you squat Noah, the producer? Probably. I don't know. You want to get squatted in the post show?

35:14That can be fun. We'll see if she can squat the producer in the post show. Cool. If they both consent. If they're both okay with it. I bench 190 pounds and then I deadlift 347 pounds. You could deadlift me. Wow. Thank you. Actually, I just competed. I used to be the president of the university powerlifting team. So it was pretty cool. Nice to meet you, Mr. President. Thank you. But I just did a competition not long ago, and they were giving out money. I really was hoping I could be one of the people to win money from that competition. But I just didn't make the cut. Okay, so your minimum is your payment on this.

35:53Well, it's marked at zero because you made a payment at the time of the statement being hit. What's the normal payment on this minimum? I use well the minimum is uh probably like 20 bucks I think but I okay that's gonna contribute well but I don't pay the minimum payment and so I no that's fine you pay a little over on each but it still takes 22 years to pay this one off with the minimum payment only okay upstart what do we have an upstart loan for upstart that's the one that I did all for all the move-in costs that was the one that I told you I finished off with the odd and the minimum payment for this upstart is$122.

36:25Now that's chunky and 41 cents. What's the balance out on this? Yeah. You just started this and it's$4 ,300. You have so many$4 ,000 loans. You're addicted to$4 ,000 loans. If you see a loan that has the ability to have$4 ,000, you're like, sign me up. Well, wait, can you take$500 off of that though? Because my boyfriend, he didn't have the best credit score at the time. So I wanted to be helpful. And I told him, like, I'll keep it out of him. Did he pay for it yet? Yeah. He gave you$500. No, no, no. He's helping contribute to the monthly payment every month. Why would I take$500 off of that? If he's just contributing to the monthly payment, that's still the balance you owe.

37:02How much do you put towards the minimum monthly versus him? For this one? Yeah. Well, since I just started it, I'm just doing the$122. You said he's adding more. No, he's paying part of the$122 too. Yes. How much? Like$50 a bit. and then he'll stop making those payments when he reaches$500. Minus$50. So for a bit, you're paying$72.41 of your own money. Okay. Two payments so far out of this multi-year loan. Yes, well, I... This is insane. What's the interest rate at? What's the interest rate at? I don't see. What's the interest rate at? I want to say that they said that there was just like a big sign-up fee and there wasn't going to be one.

37:45Oh, what was the big sign-up fee? Because that may as well have been the interest baked in up front. It was like$300, I think. So you borrowed$4 ,000 and then$300 was the fee? You do really well with a calculator. You'd be a great math teacher. No, I wouldn't. I can't do math. That's why I'm using the calculator. Fair enough. 7.5 % essentially was added on to this. I felt like that loan was an emergency one because I knew I didn't. Emergency. Emergency. you moved out with having to pay two things that you couldn't afford it was stupid it didn't make sense for your situation at the time everyone's well yes some people have to do that and maybe you did but it's just you didn't go about it the right even still that's why how long were you working at blacks three years you could have had an emergency fund you could have paid for this in cash if you really needed to yeah so this is this emergency loan is just i don't know well i honestly I didn't anticipate all the like the deposit and all of that to be as much as it was What are you talking about?

38:49Did you not ask them? What the f*** you mean? You borrowed the money without knowing how much this s*** was? What are you talking about? No It's like buying a car without knowing the price Oh, I'm gonna buy this Lamborghini Oh, s*** This was$200 ,000? No Well, I thought it was 50 It was my first time moving into a house And the lady, which for the record, they do not communicate well But she made it sound like it Yeah, so let's borrow for that Well, she I thought it was gonna be just a deposit it and then a pet fee. That's it. You can read the contract you signed, my dude. You have the ability for English to be read.

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39:22Well, I actually had to call them and correct it because they tried to pay me double rent at the new house. And I was like, this is not right. Like, you're not paying me a prorated rent. That's ridiculous. So I had to call them and they got that fixed, which ended up being I think it was like eighteen hundred divided by four. But yeah, they tried paying me or make charging me for way more than I had anticipated. And I literally had to be like, dude, like, I don't know if it's because I'm a new homeowner. And, you know, it's easier for them. Homeowner? Or not homeowner, home renter. Sorry, I don't, I'm not really familiar with the home stuff.

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40:34Look, I'll be the first to admit I am way too prideful. and the whole reason with my other house and even not house my whole apartment and this house is i was in a previous relationship where that person and it's his family they can't you know he had a house i think he got like ten thousand dollars for he got to pay for a house it was like a family loan house and i was paying at my apartment and his family wanted me to break my lease and all of that and move out of my apartment which it's a good thing i didn't what their family wants but Go ahead. Well, they always made me feel like because I did.

41:08Oh, yeah. Then I would break up. Yes. Well, they'd make me feel like because I had an apartment and they had a house and this and that. And so they like look down upon you. Oh, all the time. Because you had an apartment. What? Yes. Maybe you want to be in a more walkable community or maybe you want to be closer to people anyway. There's many reasons to live in an apartment. Maybe you wanted to live a more transitory lifestyle. I moved into that apartment because it literally is right next door to Black's Barbecue. And when I first moved there, I didn't have a car yet. and so I could just walk to work every day and I would try to explain things like that to them and they literally would just constantly say oh you're just in an apartment you just work at Black's Barbecue and that was really infuriating for me and I did after I got here the boyfriend was okay with this?

41:52oh my god yes total mama's boy then leave now it's been two years since he broke up so now I can see that he broke up oh yeah he left me he literally left all of my on a driveway it's a good thing i didn't break my lease at the apartment because then i would have been homeless um so i moved out because he wanted me to get rid of my dog um and i didn't want to do that yeah why they wanted me to get rid of my dog communist no seriously those are freaking horrible people and i still feel much disdain for them no now i dislike them because how do you dislike a dog yep yeah no they wanted me to get rid of the dog and then they tried being like oh you i cannot believe you would pick a dog over a boyfriend yes i would like i was like what boyfriend makes you pick between your dog and you who the dog i've known longer i've had long why would they want you to get rid of a dog they said that she was destructive she was an outside dog uh she definitely oh it's not this pup no no no oh my god no i i bought a golden retriever at the outlet a couple years ago she's not destructive well she's just really hyperactive i guess she would like rip things up in the yard trivial things i felt once they got into a fight and Golden Retrievers are expensive.

43:00Did you just adopt it from like a shelter somehow? No. I saw her in the shelter. She was the cheapest dog and she was huge. She was the cheapest dog, a Golden Retriever? Yes. Well, they had like these little like pugs and stuff that were like five, six grand. How much was the Golden? She was$1 ,700. How did you pay for that? It was the first loan I had ever taken out. I got there. Well, they were like, look, you can finance it. And you know what? We'll take$500 off. I walked into the outlets and she was in this little tiny little hole. And I was like, you know, she's cute. I could use a dog and she looks like she's suffering.

43:37So I. Is she alive? Yes. Yes. I actually. She lives. She lives with my mom now. She's still destructive. Not as much. I actually I just took in her puppy like two days ago. I have her puppy because now I'm in a house. So I have a place that I got knocked up. She did. She did. Why didn't you fix her? Well, my mom had anticipated. I didn't get a shelter fixer. Oh, I didn't get her from the shelter. I got her from this puppy store in the outlets. I didn't get her from a shelter. Yes. I made the mistake of walking in there and she was the cutest thing ever. And they were like, you know, she's only going to be like.

44:12You still have the golden retriever debt? The debt? Yes. And she lives with your mom? Now she does. Yes. So after I got kicked out of that place, I had initially got in her. Her name's Millie when she was a puppy. I lived in a studio apartment at the time and then it moved to a two bedroom I moved in with that guy and so Millie was able to be in he had a beautiful yard what guy the ex yes the ex who ended up the anti dog ex yes yes yes he would let her be in the yard and stuff but after I got kicked out I was back in the apartment and I was working a lot and I wanted to do the right thing for my dog and I didn't want her to just be stuck in an apartment when I was working all day my mom has this giant beautiful like waterfront risaka with like a pool and she offered to help me with her and I was like are you sure like I'll still pay for her like I just can't believe you still have this loan when did you take it out I got her when I was 21 I think so it's been three years and you still have this 1200 hour loan or whatever it's 17 and I know it's not that much of a difference but I'm almost done paying her off actually I'm really excited this is insane yeah I have a lot borrowing for everything from moving to dogs to everything food i thought i was doing acting class i thought i was doing security deposits right but clearly that wasn't the case um but yeah i she now lives with my parents and i am still paying her off because i was not going to ask my parents they're already helping me by giving her a beautiful home i wasn't going to have them pay for um her the loan that i got her with If you're a business owner, I've got a game changer to cut costs and increase efficiency in your business.

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47:14It broke down here in Austin. The radiator went out and my AC was, I had just fixed it. It went out again too. But I was dealing with that. That was fine. I went to Midas here and I spoke to this guy and there's a whole sign. It's under new management, all of that. He gave me this giant bill that I did not have the money for. You didn't get quoted before? I mean, he said that it was going to probably be like, $2 ,300. How much is the car worth? I think like$5 ,000. You put half of the value of the car into a repair? I didn't feel like I had a choice. And you know, honestly, no, back to me being frightful.

47:56I know I probably could have asked my mother for help, but my dad had just gotten off of, you know, out of a job. So I really didn't want to feel like I was burdening them. What is this, a 50 % interest rate? 100 % interest rate? What is this? $2 ,550? dollars the man assured me that total payments of five thousand nine hundred five dollars so i didn't know that literally until yesterday when i sent that document when did you get this done i kid you not so this happened right when i moved so like a month ago oh i have a headache well i called i talked to the man and i told him like i don't have the money for this fix i don't want to ask my mom for help and he was like well don't worry we have a financing oh better not worry well and then he assured me he even spoke to my mother on the phone because oh good yeah so he He was like, look, this is what a man.

48:41This is what I would do if it was my daughter. Like, I would not do this. Because he's a moron. Well, he assured me that I would qualify for no interest. I wouldn't have any interest on this car repair. Yes. And I can see that now. Clearly, it was bullshit. But he assured me it was just going to be the 23 something. And if I paid it off within 90 days, which I think is up in like a month or two. Okay. Well, I'm confused. What was this? What was this on again? Because, okay, here's the thing. The cost of rental. You're right. there's no interest it's the it's the cost of the rental i mean that's what it is i mean that's what they sold you on the what you f*** out is 2 ,550 and then there's essentially a fee of 3 ,354 dollars now that says if you pay all regular payments in the processing fee regular payments of 112 dollars bi-weekly hi i'm here to pick up my son milo there's no milo here Who picked up my son from school?

49:37Streaming only on Peacock. I'm going to need the name of everyone that could have a connection. You don't understand. It was just the five of us. So this was all planned. What are you going to do? I will do whatever it takes to get my son back. I honestly didn't see this coming. These nice people killing each other. All her fault. A new series streaming now only on Peacock. Yeah. Yeah, it's that for two years. But is there an early payoff thing? That's what I'm. I think it might say within 90 days. Again, I just saw that yesterday. 90 days. If I can pay the 29 or 2300 within 90 days, I think that then I don't have to owe the rest of that.

50:20Really? And if there's a way that I could possibly afford that, I would love that. That's interesting. That might be our goal because this adds three thousand three hundred fifty four dollars to your debt. If you don't do that. I don't see that in They said nothing about a fee or interest at all I only have this page Oh And the minimum bi-weekly payment Does not include the processing fee of$39 I didn't know that I guess I feel like I was misinformed in that And he assured me that everything was going to be okay And he even fixed my AC Pulled out the parts he offered He said he was being nice to me Oh he was being real nice brought out the messed up part he's like you see this this is why the last stupid handyman like messed up your ac but look it's broken right here i'll fix it and you know what i won't even charge you labor oh he did his job real well what was his job salesman and yeah well he made it sound like he's like this concerned dad who would never because i told you can't fall for that i mean there's listen good for the sales industry that there are apparently people that still believe that that's and i promise that's not how like just if anyone ever tries if anyone has the incentive did you sign up for a program or has the incentive to you know charge more than the thing is worth and they go oh i feel bad for you i promise that's not their intent to just be a good guy yeah like my i i you know and i i think what's most upsetting about that is i told him in the beginning i was like hey like i really i i told him i would prefer to speak to my mom before i agree to anything because I'm not that familiar with a lot of these auto things and I do feel like I don't know anything about cars so it's easy for them to be like you need this why don't you go with someone who knows something about cars is your dad um my well my mom handles all of the finances in the house that's not what I asked I didn't ask about finances I asked about car oh um I don't know if my dad knows much about cars if I'm being honest um we tried calling my uncle matt he's like a giant uh he works on like industrial engines and stuff and he said that if what the man said was true then to go with it but it wasn't why you have the easiest to sell to family everyone in your bloodline is the most sellable people ever 303 dollars and 62 cents a month when does the 90 days end if that's even the i signed that june 14th um so it should be oh it's the end

52:58okay so we have about a month I have about a month okay I mean if I have to pick up extra shows or something I can do that uh

53:12I genuinely wait wait wait what is this easy paper you see that's the rest of it I think what rest of what is there more Like, this is the paper, I think. Like, it goes with it. I still don't say anything about a 90-day thing. Oh, okay, wait. The processing fee was only on the total of the radiator and thermostat. It's not on every payment. So let me get your correct minimum monthly payment. Looks like you're going to have to pay the processing fee once, though. Okay, your real minimum monthly payment is$225.62. I'm sorry, you guys sold on this. at least you have two cute dogs is that it is that all your debt no it's not you have student loans i do have student loans what is the i haven't had to pay anything yeah but what's going on um i was actually really lucky my dad let me pay uh through my undergrad for like oh my god i cannot talk pay for my undergrad with his hazelwood so i didn't have to take out very many loans in undergrad so it's very many so how many did you take out i think i took one out how much 7 grand it was just enough to casually my goodness money means nothing to you well at the time i didn't i didn't know any like i didn't pay rent or anything or have a job quite yet when why the did you have to take it out my mom actually told me that i should take that one out don't ever listen to your family about money again oh no my mom does really good with money i don't think so if you if you dig deep i doubt it unless she's making way too much and her stupidity hasn't caught up if she thinks that financial stupidity i'm not calling her a stupid person buddy you got into uh over a hundred percent interest thing of your car with her help and taking out student loans when you had no life expense expenses well yeah that's stupid she just told me today when we were talking about the car thing she was like i really wish you you know maybe we could have thought it over more and i could have just sent you a credit card and then you pay the credit card instead yeah that sounds like someone we should listen to in the moment if that's what their hindsight is i just really didn't want to ask i felt at the time that i didn't want to ask my mom for help because she's helped me so much already i just it's okay to ask for help as long as you're not abusing the help or getting enabled it's okay to ask for at least advice help that's totally fine no more listening to them i just i don't think they know or maybe they don't know your situation or maybe they just think of debt incorrectly and the fact that 7 ,000 hours of debt was nothing to you well I guess I and how much have you borrowed for grad school for grad school so I'm in my second semester now so I'm probably at like 10 grand for all of my classes for grad school so you're going to be at 20 by the end yes but I'm almost done with grad school so I should have my degree here very soon.

56:07Wait, what's in your second semester? How many semesters? It's four. But my last semester is only like one class because I've been taking full time. Will it be$20 ,000? How much are you going to borrow by the end of it? Yeah. So$27 ,000 in student loans. Great. Is that like really, really horrible? Not necessarily, but it's debt that wasn't here. It wasn't in our calculations. You actually like the$7 ,000 wasn't nothing. Plus sometimes the loans that you're getting for grad school can have a little higher interest. I will say that with my job, they are going to be paying back for they're going to be paying me back for the class like reimbursing me because it's in public health wait a minute what job my crash investigation job they're paying for it completely they will pay for one class a semester so while I am going to have to pay with a loan up front they're going to reimburse me how much will you get reimbursed that's gas across the board dollar amount oh my goodness I guess for the end of that probably like six grand of it.

57:05They said they would pay that. Okay, so 21 ,000. And it gets better. Well, you're going to do public student? No, I have a grant. So I'm really only going to have to be paying for one class for the next two semesters. So I really have to pay for four classes total. How much is the grant for? 1 ,200 each semester for two. Okay. That helps. Don't get me wrong. That helps. You made it sound like it was a little more than that. I guess I just see it. $18 ,600 for your student loans by the end of it. Okay. By the sounds of it. Maybe you'll do some public student loan forgiveness as well, but again, you know, it gets a little sketchy administration to administration.

57:46I know the approval odds are really low on that, but that's usually because people are incorrectly applying, people that don't qualify for it. So it brings the, that's why the percentage of people who've been approved are so low. So depending on the administration and everything at the time, You never really know. Everything student loan thing is getting, it's just constantly changing administration to administration, court case to court case. So, I don't know. I mean, I got really lucky. I started grad school, like, because I took a year off. I was like, so right when I was about to have to start paying student loans.

58:16What? Oh, no. Oh, no. What happened? How the f*** did you end your checking account at negative$229? What the f*** are you doing? What is your life? You make a non-insignificant amount of money to do this. I promised that the next day, as soon as I saw that, I paid it off. Paid it off? What do you mean paid it off? This is negative. No, no, no. I made it not negative anymore. Why did you make it not negative in the first place? I didn't know that it was going to do that. It was a spectrum charge moving into there. They did a giant fee for going and setting up my Wi-Fi at the house. How much? I think it was like$100 for them just to go set up Wi-Fi.

58:53Okay. Well, you're negative$229. So what was the other$129? The rest of it was, I guess, the plans or something. The Wi-Fi plan? So you had$0 in there, and then you went negative$229. Like, even that's still f***ing. I didn't realize that they were going to charge me that. You started it at$1 ,300. It's still not better, but if I said it was more like negative$70, would that be? Because, again, I didn't know they were charging it. It's not about that. It's about this. And watch this. This is going to f*** with me. no it was chipotle it was chipotle it was going and getting a drink it was amazon it was door dashing some chinese food uh murphy express that's likely uh gas actually ross stores vending machine pizza hut 20 bucks black's barbecue they used to give you money stop giving them money dutch bros cash app and out 38 chick-fil-a chipotle microsoft ultimate Venmoing out$250.

59:51Cash shopping out$30. Chipotle. The grill or gristmill. Target. You never really know whether that's groceries or what. Restaurant.com. Great. That sounds delicious. Italian Gardens. Better than Olive Gardens. I was actually getting coupons on Restaurant.com. Yeah, proud of you. You have no money. Shut the fuck up. Marshalls. Marshalls. Ross. Hulu. There's nothing except for the Handmaid's Tale on there anyway. Fork and Spoon. pizza hut door dashing taiwan rainbow negative in our checking account let's door dash that makes sounds great church's chicken purchase overstock going inside a gas station getting some bs sweet treats san antonio aquarium nope spotify chick-fil-a chilies chipotle cash an app out on 150 bucks then went out 20 bucks who knows where the f*** those went amazon amazon starbucks pet camera subscription or you got a camera and starbucks and netflix and went inside and got some bullshit got some drinks got some sweet treats apple bill subscription reoccurring subscription nine dollars and 73 cents white pages subscription of 63 dollars and 71 what the are you doing there that's my job your dog my job taco do they pay for it yeah they actually did they gave me a$50 check well it was meant to be for my uh for my phone bill that month not phone bill but they they gave me a$50 phone check um I just started getting that like literally that month um um so the white pages they weren't gonna pay for it but I decided that I would put my phone check that month into that because it makes my job a lot easier well guess Guess what?

1:01:32Taco plaque, Polenque order. Polenque. Alpha. Uh-uh. Have you tried it? No! Alpha Strike Games fireworks. Uh. This is a real good story about Bronx and his dad, Ryan, real United Airlines customers. We were returning home, and one of the flight attendants asked Bronx if he wanted to see the flight deck and meet Captain Andrew. I got to sit in the driver's seat. I grew up in an aviation family, and seeing Bronx kind of reminded me of myself when I was that age. That's Andrew, a real United pilot. These small interactions can shape a kid's future. It felt like I was the captain. Allowing my son to see the flight deck will stick with us forever.

1:02:11That's how good leads the way. Mexican restaurant there, Starbucks, McDonald's, cash and app and out$20. You cash out every second of your life. Mexican steakhouse, Vans, barbecue, Chipotle, tacos again. Sonic, you're going out to eat every day of your life. So you were negative. You're missing your payments. you know why you had to borrow to move because you're going out to eat every second of your life you have a million subscriptions so i no longer have sympathy fru latte venmoing out 150 dollars church's chicken fru latte cody's bistro chipotle every day sometimes multiple times a day the large amazon zelling out 40 zelling out 15 bullshit bullshit savings down from 2000 to 18 dollars so wonderful life is great that was a joke that was the spending of a child you didn't have to borrow because you didn't have money you spend all your money you make more than the median person in your city and you spend it you had to borrow seven thousand dollars for undergrad because you spend it yeah i so what the can i do because you don't care you're going and spending everything I mean I need to have more self control clearly Well in the moment it feels like purchases that are necessary Chipotle how is Chipotle necessary in any way whatsoever What the f*** are you talking about Chipotle is fuel for power Shut the f*** up and get a pack of damn sandwich Protein shakes I don't like protein shakes I don't give a s*** You don't like money apparently You don't like having a financial future apparently well i think that's why i'm here no that's not an answer that is not an answer no no these were your actions i am calling out your actions that's why i'm here no that's not an answer that's not a get out of jail free card so what have you been doing why have you not cared and why is now different uh i think i have thought that my financial situation is a lot better than it actually is.

1:04:18A lot of those. Well, in the last 30 days, I have been spending a lot like that Ross. A lot of those large Venmo purchases are for furniture and things around the house. That$725 going out to eat. Yeah. OK. Yeah. I don't have an excuse for that. $839 in miscellaneous bullshit things that really don't improve your life. This is stopping swiping subscriptions. It's I guess those are like the little things that add up and I don't realize that they add up until my bank account. Yeah. $1 ,800 combine those together or$1 ,600 I can't even believe it's that much I figured that a lot of it was going to be on going out to eat but I didn't know it was going to be like that and then lots of Walmart, lots of Amazon lots of Target, Walgreens, CVS you never really know what they are you can get anything from those places bull**** needs and if it's all needs you're overspending $650 at Walmart and then subscriptions $66 miscellaneous movie theater, the Ross and Marshalls and overstock and aquarium and gevc and the pet camera on apple bills and white pages which we got reimbursed for that and alpha strike games and fireworks it was the fourth of july i don't give a there's more of them congratulations america ages a year once a year i was just trying to make us feel like a family in the house because i'm kind of like the one that brings everyone together in that aspect because i live with three gamers and i find that family things I was raised.

1:05:43He launched fireworks in Minecraft. No, it was the whole thing to celebrate together. Cool. Have them chip in. Well, I want to say that they they did. Girl, the money in your checking account is negative. I don't give a about fireworks. When are negative. And I've had people criticize this show and say, oh, this person in front of me, they're doing bad because of the system. They're doing bad because people aren't making enough money. You're spending all your money going out to eat, getting fireworks, going to the movies, going out to eat once or twice a day, bullsh** subscriptions, video games.

1:06:23It's not the income. You make more than the media in your area. You're doing fine. You've had college paid for. You've had your needs paid for. You're spending everything. This is all your fault. Not saying that as a put you down, but I am saying that as you need to recognize that this is all your behavior because then you can actually address the main issue here which is that behavior if you think the whole world is against you which a lot of people again they're like the world's against these people they can't help it if you're going to think that if you're going to play perpetual victim that's saying you are but if you are you're never going to get out of it honestly but if you're willing to actually take accountability and put in some personal responsibility you have a lot of money to play with yes well and i am and i i'll start packing a lunch and stuff like that i mean honestly i i yes it's my fault i'm the one swiping the card at the end of the day i realized that but a lot of like like the car situation it's not even me being feeling like the perpetual victim the world's against me i mean i truly believe that that man was for me he was trying to help me okay well it's not even that even if like he's still hi bubby's um i think she wants to be on your lap i don't know i would allow it i would hi girls um and even if that was the case i was gonna let her on um it was still your choice not to have the fully funded emergency fund because you spent all your money on food so even if you did get scammed there your emergency fund would have covered it and that was not the world against you thinks that it was you yeah uh i am definitely not going to sit here and say that my spending is perfect um and again i think it's easy in the moment for people to say you know i needed that because i needed that chipotle i needed this and i um i know that that's not the case um now that i'm looking at it you know before i really thought that i was doing things correctly but clearly that's not the case um so it is really eye-opening seeing all of this stuff oh my gosh i mean i had no idea that things were as bad as they were if i'm being honest and i think also i've had that mentality like well no matter what i do have a very supportive family and i do feel like if she ever hit the fan while i would absolutely try to not receive help because i have way too much pride and i need to work on that um what do small dogs always shake they're always shaking No matter how cold, like warm she is, she will shake.

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1:09:33With plan options with high annual coverage limits and no lifetime limits, you get peace of mind knowing that spot has your back. They also offer preventative care options and flexible deductibles, making it easy to manage costs. You can take advantage of fast claims processing and the freedom to visit any licensed vet in the United States. Don't wait for the unexpected. Click the link below to secure spot pet insurance. Keep your pet protected and your wallet happy. We've got to teach your mom how to budget, okay? We're going to make a little budget. You might not get as many treats. Actually, she doesn't even eat kibble.

1:10:09As many dresses. It was$5. Yeah, and we know what you do with$5 purchases. You do 500 of them. Yes. So total income,$3 ,402. Okay, your debt minimum monthly payments. Hi, sweetie. You're so good. Have you ever been an accountant? $400. Nope, I would hate that. $468.03. I much prefer to have these conversations with people. Rent, your portion. $569. You have no excuse to be in debt. how much do you put towards utilities and internet well we've only had one guess bill i'll say i'll just say like 200 i'll say that that's probably a little insurance in that gas vroom vroom drive drive how much a month uh probably like 300 bucks i i drive a lot i i work in new bronfles and then like one of my trivia shows is in canyon lake is it worth it to even make money after that?

1:11:16The trivia one. Oh. Not that show. I've been trying to get rid of it, actually, because it hasn't been worth it anymore. Maybe it was in the beginning, but now that I'm more established in this, it's... Probably less than$300, but I'll put$300. Car insurance? Well, I had paid that, like, the full for six months. It was$780. When does that start again? I literally just paid it a month ago, so I think the end of the year. TP fund, anything else you need to survive,$100. Groceries,$300. Follow the meal plan and the budgeting program that you get. Adapt it to your needs. Gym memberships and powerlifting and all that stuff, how much?

1:11:56Yes. Now it's only going to be$35. I moved to a new gym. Any co-pays healthcare-wise? No. Oh, wait. I'm lying. It's little. I think I pay like$25 a month for my medicines. Perfect. Subscriptions. Do you have pet insurance? I don't. I'm putting$35 in there. I recommend it. Thank you. It saved me thousands of dollars. Well, I just got to the point of my job for getting insurance and all that. Phone bill? I actually am really lucky. I don't have to pay a phone bill. When you do, use helium for$20 a month. Okay, noted. All right, let's get your minimums. How long have you been doing this stuff for, if you don't mind me asking?

1:12:38Almost two and a half years. That's really cool. my family everybody knows about you. I'm not on YouTube very much so I hadn't heard of this one before and nothing against you but I mentioned that I was going to be coming and my cousin was like wait a minute what? Do you know who he is? That's a big deal he's me Hey it's from a loving place It's so funny that you guys are described as Hell's Kitchen. A, I love yeah me too and hell's kitchen but also um that's how he described you and everyone um that i said i was going to be coming oh he's like the gordon ramsay of this i love gordon i like how he does things and i love his shows you have a thousand three hundred seventy four dollars left over so you have no excuse really i was like that's genuine news to me yeah if you budget if you only live on your needs i'll give you in fact i'm going to give you 200 hours of fun just budgeted in 1 ,174 and I rarely get to do that because people usually don't have much room but$200 eating out or whatever you want subscriptions Netflix Spotify it's up to you okay so$1 ,174 left it'll be a little less than that it'll be closer to a thousand uh hello 1 ,100 when you have to make the full upstart minimum monthly payment?

1:14:06122. Yes, it'll be an extra$70. So you'll be about$1 ,100 left over. Okay, so within a month, you need to come up with$2 ,550. Honestly, okay, so I would save that$1 ,100, and I would pick up as many shifts as you can over this next month. Literally any shift that you can, try to scrap together another$1 ,500, $1 ,400, which is easier said than done. but if you can do that off the taxes yes pay that off so you don't have to pay the extra fee if the 90 day thing is real um i i guess another real question and sell things legitimately sell things okay well it'll be worth today my mom did offer the whole like credit card thing do you think that what like she said that well she said we were gonna look at it today and she didn't know i was coming here today um she said that if it is within the 90 days that she wouldn't mind extending the credit card so i could just pay it real quick you mean extending the credit card she has a credit card she said i could put the rest of it on there and then pay the credit card that sure do that and then is that better than i i don't think it teaches you your lesson no i want to be i mean i i want to do the right thing i definitely am not trying to screw my mom over like no and i don't think you wouldn't because i would make you pay her off really quick but you can do that it's not the best but you can what i'm doing capital one first month paid off I'd get a one-month emergency fund in a month and a half.

1:15:25And then in the second half of that month, I'd finish off the Capital One. Starting month number three, I would start throwing everything smallest debt to largest debt. So you'd pay your mom off in two months. And then starting month number five, you know, the other Discover It, USAA and Vessert, are all pretty much the same. And at that point, at about$12 ,000, you're probably going to pay that off in about nine months because it's going to start compounding from there, maybe 10 months. So we're probably a year and three or four months in at this point. And then you only have student loans left, of which you might not have to pay more than the minimum payment depending on the interest rate.

1:16:04So like literally your life has changed in a year and a quarter, which is incredible. And then let's call it a year and three quarters for a fully funded emergency fund and everything. So all debt is paid off except for student loans and then you have a fully funded emergency fund. That's amazing. It is. It just requires you actually being disciplined for the first time in your life. Yeah. Which is easier said than done. But follow the budget, set up reward systems. I'm giving you$200 for fun. Just literally budget it. Literally budget it. And you'll actually be able to do this. You have a high chance of success.

1:16:36You just need to be a responsible person and focus on your behavioral changes. Yeah. And the more work you pick up, the faster you pay this off. Okay. As well. Well, you know, it's looking up at least. It might sound minuscule right now. But like I'm trying to grow the San Marcos, I guess, market for the trivia things. I just recently became like the manager or whatever for that. So every show that I can book, I get$50 a week. I guess not even having to do the show. I'll be getting$50 a week from that. And then all of the hosts that I recruit, which I will be recruiting them. I am recruiting them now, but they're not trained fully yet.

1:17:16I'd be getting$30 a show just for every show they do, which is really interesting. And I mean, this trivia thing is the first time I've ever done anything like this. But honestly, I like it a lot. I just wanted to do it so that I knew I was moving and I was going to be having a lot of moving costs and stuff. So I got the job in the first place because I was trying to offset it. And I have not made the best decisions very clearly, even though I really thought that I was doing the right thing. Sure. All right. Well, for spending in a budget, zero because it was you overspent it dramatically. Debt one out of 10.

1:17:57You don't have a payday loan or IRS debt. But other than that, it's like it's worse as it gets, especially with that dumb balloon debt. Emergency fund, you have nothing. Zero out of 10. Retirement, you have nothing. Zero out of 10. Real estate, you have nothing. Zero out of 10. It's going to be a hammer financial score, 0.5 out of 10. And make sure to stick around for the post show. We're going to have her bench my producer. And then we're going to talk about some more drama that we didn't talk about in the episode. So join that membership in the description below. And don't forget to check out the budgeting and investing program as well, which are now bundled at a lower price.

1:18:22See you guys in the post show. All right. Should we end it out with a nice power lifting session? Yeah, let's do it. Do me a favor and like put your arms like a little bit up if you can. Sure, okay.

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White Girl Would Rather .. Like.. Eat Than Grow Up 💅🏻 | Financial Audit

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