20 Individual Debts - This is INSANE | Financial Audit

hi my name is Trey I am 29 years old I'm. based out of Austin Texas and this is. financial audit what do you do for a. living here I am a gear technician gear. technician so working on them cars so I. am actually I work more with semi trucks. uh with their transmissions and. differentials and I know you're heading. to a shift after this so you you work. kind of late I I do uh I work part time. at O'Reilly's as a just a counter sales. um that's always fun oh so the full-time.

job is something different full-time job. it's a it's a company called Inland. Truck Parts uh they're up and down the. Midland of us do also worked for crispy. K cream no my wife was working there for. uh quite a few months um but recently. she had left due to the stress of that. job um the biggest thing we were trying. to deal with with that is we were trying. to prep for the. summer um daycare for our child so her. income was kind of covering the summer. daycare.

is so you're the you're the single. income I am the single income I have a. roommate uh he was working for a while. but in this past uh two months he was. actually fired he had enough saved up to. pay rent one month and not this. month. okay the landlord do they collect the. base on person or based on the house. based on the house there it is yep yep. yep damn it what what's the.

what's he been doing um job searching. I've gone on with job searching I talked. to a guest right before this who is a. manager at Waterburg he says anyone can. walk in there and get a job for like 15. bucks an hour right now right now right. now if they want yeah can they become a. manager walking in no it take six to. nine months they can go make that money. right now though yeah I remember working. back in waterburger back in my days and. I know the area ISS you live in there's. a water Burger there there's a water. Burger everywhere there's a water Burger. there go there get a job so you're not.

putting CU it's you your wife and kids. and roommate all in one place yep we. have a three-bedroom three bath. apartment wow why do we have a roommate. um mainly it was me trying to help him. out so he so is someone you know it is. someone I know I've known for quite a. few years okay that that is a little. different but he he got in trouble back. in California and uh I offered to room. him for a little while but I told him he. had to get a job and he's been really. good about it but these past couple.

months he's been a little too. relaxed he. hadn't. yeah okay okie doie well if you want to. be good about something be good about. hitting that subscribe button we're. trying to get to 750,000 subscribers and. thank you so much to everyone who has. subscribed so far definitely follow him. he is worth it well thank you I. appreciate that and I appreciate you. being here it's really cool especially. since you know you're walking into a I'm. about to walk into a this I don't know.

if I've seen this many individual debts. in a very long time yeah almost. impressive impressive to an extent so. she's not working on bringing in money. right now but does she feel are all. these deaths in your names or some in. her some in both the only Debs in her. name are going to be her own personal. credit cards everything else is in mine. that's extra on top of what I already. have I don't even have that no hers. should be uh hers should be in there.

good okay does she not working because. of the extra stress and stuff like that. I I can kind of get it but does she feel. a responsibility towards paying this. stuff off because a single household. income living in an expensive city like. Austin while having kid while having. roommate roommate not paying rent in a. three-bedroom while. having a grand stack of debt a grand. thick stack of debt. yeah does she not feel like she needs to. work cuz she might need to work.

at times I do believe that she doesn't. because she feels like staying home. watching the child keeping the house. clean is kind of her duty but I have. recently gone on to her as well where I. I asked for help like I need the help I. need you to do anything I told her to. start applying for even the door dashing. yeah so when she drops off the kiddo at. school y during the between hours from. picking her up she could at least door. Dash cuz I know a lot of jobs.

unfortunately they're a little ond and. end with that in between scheduling. where she drops her off and picks her up. no for sure and holds the kid I even. download a door Dash and start maybe. doing that on the days off on Ry but. you're you're yeah you're working a lot. so it's just like that's not including. my side gig I do yeah well what's that. what's that I work alongside a uh DJ a. wedding DJ um that operated his photo. booth every now and then when he. requests it okay as long as it brings. the money that's good what would you say. comes in hits your account on a monthly.

basis on average on average gross I. would have to put it about this is gross. okay close to five grand okay. Nat. uh 70 a year I'm not sure how to answer. question what comes in after taxes what. comes in after health insurance and. benefits and all that kind of stuff what. hits your account on a monthly basis. yeah about five oh okay so five was net. okay oh okay sor.

that one you're totally good you're. totally good yeah cuz I average about. 37 30 probably about 37 from Inland and. maybe about another 12,300 from. O'Reilly's okay yeah I mean you're. clearly working a lot right now about. $5,000 and awesome with this kind of. debt with a kid with a roommate that's. not paying rent in a three bedroom it's. hard oh yeah I'm surprised we're even. making the minimum monthly payments. actually I've been paying a little more. than M payments on everything good job. so that everything I have done I have. like most minum my most of my minimum.

payments are about 25 on the credit. cards or so um but I have I have those. set up for about 50 a month how could. you possibly get into all this de you. have more credit ones than I've ever. seen anyone after I started watching. your episodes on that one and you. started bringing that one that evil card. I was like what did I get myself into. and signed up to get essentially yeah no. that's that's an understatement and we. have a payday loan essentially here uh.

in in in a way the American Finance. payday loan essentially uh every two. weeks is when it comes out for two years. 10. 6.96% death. Insanity kill me ruin everything. interest rate that's crazy what did you. sign up for this for what was this. possibly for so I actually sold a. vehicle I had paid off um. I sold that used that down payment to.

get another vehicle that was larger for. my side gig business because there's. times where I have to haul loads around. no what are you bringing with the side. gig business on a monthly basis right. now during the summer slow as hell so. pretty much nothing at the moment but. during the fall and winter times it's. usually about. additional maybe Grand or so a month a. month but it's only like it's it's only. like yeah one event a week sometimes two. a week so six grand a year and we.

upgraded to how much okay sorry go so. that's actually a it was for a repair on. that vehicle I bought oh so you got a. new more expensive newed was older than. the vehicle I had repair you work on. cars all day unfortunately not on that. type of vehicle but don't you have. connections and friends at O'Reilly and. stuff uh none that I trust oh come on uh. um it's also just a lot of the times. it's I never have the money on hand to. get the parts I need no you never will.

if we have this much debt my dude 106%. you you finance. $2,418 but guess what total finance. charge. $3,463 total payment if minimum only. $588 nearly three times the amount. Insanity yeah when did you pop when when. did when was this taken out uh earlier. this year prob say about March April you. pay extra on this no unfortunately.

that's the only one I have this is the. only one I would be paying extra on $100. of interest. rate. yeah yeah wh why why have you tried to. do the other ones even if they're at 30%. it's nothing even compared to it was. just the one that the uh the mechanic. facility P Pep Boys offered at the time. for for my. rep one job on the vehicle one job that. is UN un fortunately no matter how you.

look at it is one of the most expensive. repairs it's a rear it's a rear main. seal repair which they have to drop the. transmission take it AP part and redo. the seal on it I understood the word. transmission yeah anything with trans I. know those. yeah it's not the oil leak so I wonder. what's what's OD on this right now um I. wonder if we I can actually pull that. amount up if needed we might get there. but uh I'm just going to just put it. down for the amount and it's a monthly.

it's about 227 a month oh okay yeah. that's one of the ugliest ones I've ever. had no this is disgusting this is. absolutely death Insanity it's it's. almost worse than the Speedy Cash I've. done in the past you've done Speedy Cash. I have but I've never I did that once. and I was never doing that again um I. was young and stupid I think it was. another car issue thing at the time I. used it as a down payment but that that. one's long and done gone for f off I. didn't even fully comprehend that.

okay all right me and cars don't get. along apparently yet you work in the. industry yeah okay this is going to. we're just going to have to slam through. these because this is just insane Credit. One again they own you you've signed up. for their just Insanity craziness. they've been over backwards yeah. Credit One and I have multiple of those. oh I know so. $640 40 of credit one uh there was a $50. payment done towards it no new expenses.

good. $15.96 of interest accured on this year. so far $95 of fees and. $27.60 of interest on it that's insane. it's the fees that kill people with this. card the interest rates are also crazy. but that okay okay with a $30 minimum. monthly payment okay okay. at I don't see what the interest rate is. I'm goingon to assume it's it's about. 29.9 or so yeah.

Credit One Number Two come on down for. $292.33. fees. $825 also known as this year. $965 we're trying to pay for kids we. have a roommate that's not paying rent. and $50.2 of Interest was paid on this. you did the $30 minimum mon payment. that's all you did you didn't do. anything extra on this so nothing extra. plus the fees and interest killing you. bringing you to I probably dropped that.

one down in the minimum so I could try. and just recoup some money during the. month Credit One number three. three at. $94.39 I credit one's an evil evil. business I believe that one is my wife's. what is your wife doing. 860 what is you doing we're losing $13. $103 of interest uh fees this year so. far and a bunch of Interest what is she.

doing Bed Bath and Beyond sharies cuts. for kids and some hair design she's. trying to go into Hair Design now. $132 in Dollar Tree Ramen Ramen what is. playx games what is play rck games play. rck games what is that um you don't even. know what is she's doing it she's doing. it 1 2 3 4 five six seven times she's on. those phone getting those gems paying. for exra special gems and we can't even.

pay it off and Starbucks cuz we got to. get our star bees when we're trying to. I'm not angry at the person who has a 50. 3020 budget fully funded emergency fund. no bad debt getting some star bees get. that stares if that's what you want. you're 30% get it but guess what if we. can't pay off a card if we're paying $13. in fees this year so far and we're just. getting gems gems shoved up everywhere. we are not. starban no that's a conversation that. needs to be had are you guys in the same. page I I have t to I have talk to her.

about it that's why we actually put the. cards away like I gathered all the cards. together where is it on our Apple pay. and stuff though no uh we don't put. cards on our phones the only card I have. on my phone is my debit card so you. talked to her about this yes is she on. board yes she justce on board she wants. to get out of De she she wants she wants. do she wants to help and everything. that's why she's agreeing to start doing. the door dashing and all that as well. she's on board because she even States.

you know my debt is her debt we want to. take care of it yes so we are we are on. board with each other good the original. time the the original reason for that. credit card was actually for her. glasses um glasses of what so her. particular prescription oh glasses not. glasses I heard my insurance doesn't. cover it so we actually have to pay out. of pocket for hers and they're about. $800. alone okay I mean that's Medical what. you have to do.

so sunbit 100 bucks in interest L this. year so far essentially Water Burger why. are we going spending money again why. are we spending. money make $50,000 payments but then we. go spend 3687 at. waterburger yeah that was that was a. late night previous balance we've gone. up because of the $1710 of interest rate. late night come on $699 but it went to. $726 even though You' paid more off then. you spent but because of the interest on.

top of that is only going up man with. the $29 83 minim monthly payment again. basically 100 bucks loss and interest. rate this so far this year you've had. you're having thousands of dollars. stolen from you in interest cuz now. guess what we're back to Credit. One Number Four told you I got a few of. those oh I know I've been through these. $729 lovely with a $36 minimum monthly. payment $36 minimum monthly payment $15. of interest $71 of Interest as year so.

far $63 of fees my goodness $101 of. purchases why are we purchasing why are. we. purchasing oh oh what was it pay link. vehicle. plan oh I know what that one is that uh. is actually like an extended warranty. for my Avalon that I have but even still. if you're going to have it if you're. going to have it which the way they make. money by the way but if you're going to.

have it man we put it in checking. account we don't put it on a card we. can't pay off with evil fees and didn't. mean to just switch that whenever I. actually talked to them recently they. took me off the auto pay for that and. they actually managed to get the bill. lower so I'm going to try and put that. towards just on my checking account. instead of credit cards man I'm. stressing Capital One New Balance 91. bucks so it was 138 we we paid down 50. bucks we had $299 cents of Interest this. is basically nothing I don't see why we. what why do we even have this why pay. anything extra on the others if this one. is so close to just being killed done.

ruined taken away unfortunately I don't. have an answer to that. one I think I just kind of go with the. flow I pay the there's no flow there's. no flow the flow flow doesn't exist the. flow you control it you control the. levers of the damn from now on you do. not go with the flow man you're in. control you take control you sit down we. do a monthly budget we budget with the. fam what we're spending no more gem. swipes from the wife no more water B.

spending from you when it's oh a little. late guess what I don't care if it's a. little late we are controlling the flow. ourselves you do not go with it this is. not a lazy river of life anymore man. yeah it'sit in constellation uh I only. ate out for the first time today um out. of the day you came here you ate out. you've been watching this and you ate on. the day would be laughing that pisses me. off that pisses me the [ __ ]. off what you have Jack in the Box. it was up the road so it wasn't even.

anything good nope it was quick and easy. it has some nuggies I want to take a. brief moment to thank today's episode. sponsor Vora this is pretty exciting. it's a gamechanging investment platform. that is ready to take a new spin on how. you can grow your money Vora is like no. other investment accounts it's the first. ever automated Robo advisor that rewards. you for investing in saving your money. Vora gives you a 1% match on every. dollar you invest and that's what makes. me excited personally there's no caps no. No Limits that's like 1% cash back for.

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you have another car yes it's in there. oh why do you have two cars uh one is. mainly for my wife to take take the. kiddo to and from school and I wanted. her to make sure she had a safe reliable. vehicle which that is sure I don't think. we need to go $220,000 in debt to get a. Sly reliable vehicle though yeah it was. kind of during Peak used car yeah that. was that was difficult but still and I. actually managed to that is often times. an excuse cuz we can find safe reliable.

Vehicles even in that height yes it. would have been more expensive than. historically that we need to go $20,000. into debt for it probably not no the. answer is no. $2,570 is what's owed $880 something. cents of interest is AC Creed on a daily. basis daily basis so again safety we're. having we're paying that kind of. interest on a daily basis to have that. extra safety that apparently no other. car in the history of mankind has ever. had total amount do. 56 bucks 48 I think yeah I pay 550 a.

month okay so with this and this is. actually what is the interest rate on. here so this was actually the new one. after I got it refinance because it was. at 211% a I have it now down at 12 oh. that's still it's still terrible but a. lot better than 20% it is a lot better. than 20% and I can't believe I'm. celebrating 12 but yeah here we are. what's the term what's the term on this. uh so it was 54 55.

months it went from it went from 72 to. 55 54 work in the car industry why are. you getting surround by it you work. there you work at O'Reilly and you work. at the other place on the trucks you you. I feel like if anyone should know this. stuff it should be you I think I just. wanted a nice car for once and there it. is thank you for telling the truth thank. you for telling the truth instead of. always have these handy down vehicles. that barely ran I wanted something that. was already running in good condition.

low miles and we could have gotten you. there and we could have gotten you there. without you getting over but you're. getting over yeah Best Buy. $647. 15 $17 of Interest Rec cre on a monthly. basis 4 $45 payment was made good that's. a little more than the Min monthly. payment of2 200 $29. $29 oh $59 a fees this year so far maybe. missing a payment $52. I should have never missed a payment on.

that one I have doesn't have fees as far. as I know I have every card I have on. auto. pay I don't know man at some point. something happened maybe we didn't have. enough uh in a checking account when it. hit I'm not sure I don't think this card. has. fees either way and then uh 52 bucks of. Interest loss this year so far as. well is what is this a Burlington card. that's my wife we have a Burlington card. my wives why she gets in a bad habit of.

going to stores and then they coax her. okay well that can't be a thing anymore. right no that's what I've told that's. what I've told her as well like we can't. do that anymore um in fact especially. with that one you told her that is she. on board though yes okay cuz there's. there's you telling and that's only that. only goes so far and I'm not telling. telling her in an aggressive manner I'm. kind of letting her explaining to her. that this is something we we can't be. doing yeah so interest this period 13.

bucks 87 cents you guys are just getting. money stolen from you you only got 5,000. bucks coming in on a monthly basis after. work two jobs yeah $2 of fees this year. so far again who knows 78 bucks 23 cents. of Interest no new purchases $45 month. payment yeah last time she used I told. her to just put it away Victoria Secret. I didn't know about that one for a. little while buddy you have every card. that I think's ever been invented this. seems like. how long has this been going.

on um since you guys have just been. raining just deading with the shop cards. I'd probably say two years this is all. only been two years two two to three. years this looks like something someone. some something someone built up over a. decade that's what interest lost 20 this. year so far 30 bucks of fees this year. she's only used that card one. time. great $5 of minum monthly payments. um is this for your other car W Lake.

financial services yes that is my other. car so your other car is financed at. 28007 bucks it was. 4500 but yeah how long ago earlier this. year it's a 18mon longan ter have you. tried to oh is this the motorcycle no uh. this is my Nissan exter the motorcycle. paid for. nope that's Fest as well I'm glad you. wear a helmet though yeah that's. actually what kind of one of the. purchases are on the credit card. I use it to buy my gear at the time glad.

you have a helmet because especially. because you have a. kid how's the kid again uh she just. turned six this year. okay hey 238 what's the interest on this. 18% oh yeah West Lake West Lake is. aggressive and yet you took it yeah. American Acceptance. Corporation oh this is the this is. that's the motorcycle I believe that.

one's at 18% as well oh [ __ ] off dude. you're killing me threee term what's it. worth honestly I haven't checked. recently what do you think it's worth. come on uh low module with that I'd. probably. say maybe six grand at high minimum. monthly payment. uh 238 you're going to hate this but. this is what just needs to happen for. the sake of your kids future now even. your future your future like your kid is.

what matters now at this point that's. why you need to sell this if you can get. this for six if you can get it for 55. sell it make up the difference we just. can't we can't have this kind of in fact. in fact well I don't even know what that. Toyota whatever is worth I'd probably. try selling that too and making up the. difference and getting a reliable car. for like 10,000. bucks I'm not sure I haven't checked on. the recent values for those. vehicles i' I'd take a look at it and I. would highly consider selling I know you.

don't want to Americans are obsessed. with their cars they would there I think. I think I'm more attached to the. motorcycle than I am the other vehicles. yeah but let's be attached to our kid a. little more than a motorcycle in their. future that's what I say so this. motorcycle it doesn't exist anymore if. you can sell it for anything 5,500 do it. make up the difference th bucks you. bring in 5,000 bucks a month we can make. $1,000 set aside for a month you can pay. it. off you just can't have it we can't. have2 $8 on our all this huge list of.

minimum monthly payments that I'm going. to have to add up yeah we can't have. that being squeezed from you right now. you're going to get to the point we can. probably get to the point where a few. years down the road we can buy a sexier. motorcycle in cash yeah it's worth it. you got to get out of it now and we got. to take the sacrifices necessary if the. if the basic sacrifice of this this. thing that who gives a sh about that if. you're not willing to sacrifice that to. get out of this debt then my hope in. this situation is quite low now I'm.

willing to. sacrifice good everything everything. good then. I so this is what this is what you would. normally do and I'm not going to bake. into the situation because I don't know. the value and we're not going to do the. values you got to get to work anyway so. we're not going to do the. values if you can sell that for 5,500. let's just say cool $1,000 we can we can. squeeze $1,000 and you pay off the. difference now the Toyota what do you. think what do you think that's worth. today today's market.

maybe 15 a high maybe okay maybe it's. just under 100,000 miles still so it's. relatively lowish what was the interest. rate on that again 12% 12% I've already. checked the value on the extera it's not. worth it's just worth me just pushing to. the end of the term on that one oh why. did you say that I could save you $5,000. right now I think that one was oh sorry. sorry sorry it was only worth like.

anywhere from no I heard that 6 to 12200. if that I heard that wrong yeah yeah I. heard that wrong okay but what we could. do and I'm not going to bake this into. the equation this is going to be for you. to figure. out say you can sell it for 15 right. then we borrow a personal loan $115,000. at an interest rate probably like 12%. something like that you use the $5,000. and you pay off the remainder of the. balance then we have $10,000 so we go. get a safe re reliable car that doesn't.

have all the bills and features we want. but it's safe and it's reliable and it. gets us around for a couple. years in a safe way you get a mechanic. that's not yourself to test it out if. you don't trust yourself to make sure. you get your seal of get the seal of. approval that it's going to be okay. that's what we do for a couple years and. then you bake that into your overall. debt plan but that all a sudden we C. $155,000 of debt to pay off instead of. 20 you've immediately made $5,000 of. progress an entire month's income which. is great and what we're going to have. extra we don't even know yet but that.

$5,000 is probably huge yeah huge said. you might have other debts that I don't. see here uh I have student loans. okay how much federal or private Federal. how much I believe it was like just over. [Music]. 22,000 bu okay you have auto payment. ready to go not yet you set it up set it. up 250 bucks probably is about yeah. they're about. 4 it's either 4.2 or 4.5% okay but set.

up that auto payment it's going to hit. in just a couple weeks so 250 bucks. probably is somewhere around there any. other day I think I saw a firms and I. saw tools tools tools is done good don't. fall into that tra every single person. that works on cars that has been on this. channel goes into endless tool de yeah. the tools I have is all I need and I. don't need anything more thank you so. please don't fall into the fancy truck. that pulls up it is it is definitely a.

trap at times but I I've paid all that. off and they are just as evil in my. opinion as that one credit card just the. way they. just manipulate people into going into a. terrible debt for it uh okay and a firm. I I do have a Amazon purchase with a. firm how much you paid it off uh right. now I want to say it's probably about1. 19. 7 197 give or take and is how many more.

payments to paid. off uh I think it's. just I think I had that one set for a. year. turn at the time so I had to check it. was a total it was a grand total of like. two something I've only been paying for. about a month or two at $21 each month. and there's also another affirm how that. just kicked in what's the balance.

60060 $60 a month you've been watching. the channel why uh actually that one was. before I even found you okay sorry. didn't even think about it at the time. Madam producer may you please go get the. scissors for us we have an exercise that. we must. do how is the relationship at home. between you and the. wifey um I'd have to say the. relationship at home in general is just. kind of. stale me at the time because I get up so.

early go to work come home change go to. work get home go to bed how finances. impact the. relationship as far as I could tell it's. nothing. crazy um I definitely kind of. control what she. spends as as far as at least my debit. card goes we need to be very. communicative communicative oh my gosh. and sitting down on a monthly basis and. saying here's our goals here's our.

intentions here's what we're trying to. do so this is why we're not spending not. a controlling because that's not going. to have long-term effects all of a. sudden she has control again of the. credit card at some point and boom we're. in a hole so it's not a long-term. solution we communication been having TR. uh we used to just do a lot of make. lunches for me so I can not spend out. and for a good period of time when she. was working that just wasn't happening. and I have a bad habit not making it. myself so I was going out to eat almost. every day um but we've gotten back on.

the schedule where I take my lunches I. bring my own drinks I don't use the. vending machine at work or. anything so a lot of that's calmed down. from outside Source spending I don't. visit tequito shop. anymore oh they're a bit goopy from dog. food or something Ed it to open the. packs but they work. They Work Sharp enough so you're ready.

yeah you're ready to do it oh yeah this. is all your credit cards uh every single. one let me see if you have access to. them oh here's one I haven't Us in like. a year put in the. pile Big. Lots of all credit have uh that one I I. got for the discount and I just. immediately paid it off almost the next. day my goodness my goodness that that's.

that's it and there's more right. somewhere in this lovely bag of trinkets. I have a stack [ __ ] me oh that's not it. nope okay she has other stuff in here. yes okay go through and make sure. there's things there's not. things okay that is all of them hold. them front facing like this towards the. camera cuz I don't want any any private. information even though you're closing. them I don't want any private. information to be shown so front facing. only towards the camera you're going to.

have to do like you I don't think you. can do the whole that's incred look at. that that's impressive I say there's a. few credit cards here needless to. say that's ridiculous I think when I. count it up there was like. 13 gross gross. indeed Credit Karma is dangerous don't. don't fall for the tricks F fall uh. again facing the front front front. towards the camera I don't want any.

private information being. shown at least this one doesn't have a. name on it here's one of. many. one. [Music]. two. three.

four five she was on board with this too. so at least I got to give her props for. that one. good I lost count already so way too. many that's the answer way too many. indeed this one I wanted to keepy CU I. was actually debating on switching over. to the checking account for them because. they have a you can have your lovely. checking account at some point don't. need that yeah they had like a 5% APR. savings account right now now I. believe it's done they're killed almost.

there they don't exist anymore almost. there you're free I'm putting this on my. Instagram Story by the way feel free to. follow for behind the. scenes I don't know how many people have. chopped up this many CTO cards on this. show but uh try and beat my limit oh. you've Beyond beating the. limit that is. it okay well that's good I'm very proud. of you for this um this is is good a. start a start pile it's an insane pile.

yeah let me here just so we can so the. camera see it just look at that just. absolute chaos look at that bonfire. right there look at all that oh it's. crazy and it's gone it's done it's done. so no more spending on credit cards no. more opening credit cards we're done my. dude we're done K cromas tries but I. keep denying it I I keep walking away. from it I just I don't want that kind of. pressure trying well you just got to.

just not sign up for I think I I use. Credit Karma all the time I've never. signed up for a credit card once to them. yeah all right let's get rid of those. once and for all they're done no. more no more checking account 263. sitting in there that's good started. with a little less than $1,000. but yeah again yep I don't really. understand the point like okay you made. progress that was good you did that but. you weren't even spending on the credit.

cards anyway all you're around and going. crazy was in this checking account all. the money that could have been going to. pay off the. debt it makes no. sense Inland Truck shiple Donuts Inland. trucks my pay Crispy Cream she was. supposed to be making money from there. not you're right you're right sorry that. actually came in but she was supposed to. be making money from Crispy Cream. but no we're spending money there. instead McDonald's sucking toys again.

O'Reilly supposed to be giving you money. you spent money there some ubering. vending out money Ruby some restaurant. Coca-Cola vending machine probably. what's zbit what is zebit zebit is that. one of the cards no no it's not what is. zebit uh zebit is paid for it it's kind. of like a finger hut in a. way instead of monthly payments it's a. weekly. payment or Ry is supposed to be be. giving you money not you them Murphy. getting some taquitos there and cash.

apping out money and Zing out money and. Taco Bell depending on the gas amount on. at the gas station cheap ones well a lot. of the a lot of the 10 the double digits. is me filling the motorcycle up cuz it. only takes like 12 bucks to fill. up that's why I've been driving that. Cycle Gear Jack in the. Box. Uber and Amazon O'Reilly supposed to. giving you money but you gave him.

$50.95 Amazon Amazon favor torches and. apple bees the young men's and that was. what's except draft check I don't know. uh that one is my car payment Hulu Taco. Bell. [Music]. Spa upgrade upgrade isn't that another. debt upgrade yes I I believe that was. the one I couldn't get a statement for. what is that uh uh there's more. death okay all right okay okay what's.

going on. here like unearthing it from its tomb. biometric it's going to be over the nine. you have any more de other than this no. this is the last. one the last one we've gone through one. two three four five six seven eight 9 10. 11 12 13 14 15 16 17 this is your 17th. death if I believe if I remember. correctly I believe that one's like 920. upgrade yeah okay 920 minimum monthly.

payment uh that one is I think I've been. paying was not $29 I believe a month. interest uh. 29% yeah almost all my credit cards are. 29. 30% this doesn't even make sense doesn't. even make sense vending machine getting. some storage we don't need extra storage. right now when we jack back in the Box. the storage fee yeah that's my where my.

couch is that my grandparents gave me my. gosh full sentimental just put it in. your place I don't care or it won't fit. my apartment has huge rooms but no. living. room weird O'Reilly supposed to give you. a money not done McDonald's Disney plus. McDonald's Uber. Macy's that was the auto payment and the. vending machine and some perfume or uh. no no no my perfect resume probably for. her okay my perfect resum was actually. me trying to uh requate my resume and.

put it on a DED just to see if there was. anything try to get more money yeah yeah. Prime and apple bills some subscription. the Apple bills were actually trying to. fight because it has been ongo issue. where they won't allow her access to the. account to shut that one off and Prime. and Microsoft ultimate and Amazon and. Jack In The Box and there was your Mac. Tools which you said is done now Zing. out money some taquitos oh Riley not. paying you you paying them there's your.

upstart upstart what's upstart that's. also different upstart should have been. one of those statements I. sent uh let me see nope so there isn't. there's an 18th debt an 18th debt an. 18th debt go ahead and pull that up but. guess what more O'Reilly spending in. fake connection. Subway um Public Storage 100 bucks. neighbor ready fresh Waffle House. dominoes O'Reilly giving that money play.

rck there's there's the gems we're. getting some gems again some more Google. payment of something zbit spending money. at O'Reilly and Taquito and giving. Crispy Cream money and 711 trust me I. love my Crispy Cream but guess what uhuh. and Amazon affirm Uber Texas Roadhouse. Mac Tools Veno out 100. $ hets in law HS in law what's HS in law.

I'm in the middle of a lawsuit right now. of what a PayPal credit. card and it was cheaper for me to just. pay the Thousand that I'm currently. paying for the lawyer versus the 1500. that PayPal. [Music]. wants. $1,700 17031 17. and if you didn't get that one that. means you probably didn't receive my. other two other two what personal loans.

me what's the minimum monthly payment on. this you you one is 100 which is the. upstart the other one's. 145 well the 100 is because I pay higher. principal it's normally just 75 on that. one what are you interest on these uh. that one I don't really you're a brave. man for walking into this room with this. a brave man yeah I respect. that you I've used it for a couple.

titles and I might use it for this but I. think you literally have more. individualized debt than any other human. being has ever had on the face of the. planet this is insanity 20 20 20 is that. what we're up to okay so up start what. are the interest rates so we have $100. minimum month payment on one and $100. 145 on another I'm pulling the 145 right. now they're also upstart no this one's. Mariner Finance. I got in a motorcycle accident a couple. years ago and I actually what does that.

tell us I kind of pulled one of these. cuz I was out of work and had no. vacation time to cover. it yeah it's actually. 14883 not oh. 32.25 for the Mariner. one with a do you have another personal. loan said you have two other personal. loans right I have one more after that. one how much is OWN on the marina uh the. marina. is. to pay off. $3,321.

76 the last one I could get it pulled. you guys took the American going into. debt Trend to a whole new level this is. it's not even close people always ask me. what high yield savings account do I use. for my own money some of you know by now. it's Sofi I love them it's great for my. check-in account needs it's great for my. high yield savings account needs and. right now I'm getting four 4.5% interest. on my monies I love that rate on my.

monies so if you want to get a great. rate like that on your monies just check. out the link in the description below I. have a paid affiliate link there you can. get bonuses all the way up to $250 and I. took advantage of that and you should. tooing I get and you're still and yet. you have all these debts and yet guess. what we've gone through three pages of. pink lines of B. and there's still another every line is. pink B. and guess what I'm not going to read. them all but there's like tolls and. Panda Express and an andyan and a bunch.

of other chilies and Cabo Bobs and. here's another one that's the end of it. and there's more and it's Taco Bell and. finger hut and peacock and Microsoft and. just last personal one is 228. 603 with a minimum payment of. 14574 and I think a lot of the times. with those ones I was trying to. consolidate my credit card payments at. the time that's why some people are okay. I'm going to cut you off that's why some. people are against credit card. consolidation cuz then they'll just go.

into credit I'm not a credit card person. that's why I cut them. up I tried to be I failed 2,800 and a. 401k is that the all the retirement for. the household that's the only retirement. I have through that company Inland is. something I can't. uh have complete access directly to cuz. it's a I want to say there's about. 12,000 in there good um that one is. something that it's an employee stock. ownership program so we don't get to buy.

in it's every year at the end of the. year we they take a percentage of what. we may total with no cost to us and put. it in that account for us so car. payments are 11.7% of your spending yeah. spending this is not your income by the. way cuz your spending is well above what. your income is well above what your. income is 5,000 bucks a month no this is. well above that bull 8.3% of your um.

spending food bull extra miscellaneous. bull 529 other large purchases let's see. what those were 22.6% of your spending. uh housing 18.8% of your spending now. that again that's spending so that's not. income so that sounds like a good. percentage but of your income that is a. terrible amount yeah of almost $1. 19,000,000. $1,900 we've we've actually been trying. to see possibly about getting a smaller.

place at a cheaper rent yes but it must. happen in this area it's just really. hard yeah we're going to pinballs and. finger hut and all these extra things. and there's your law. thing you're Brown dude yeah you guys. have just lived on. debt hey is it's it's it's what's your. rent uh after the fee it's 6. 1911 Utilities in the. internet uh $95 for uh the.

electric uh 55 for. internet gas will come in the we don't. have gas and the 16c this 1611 is. actually included with the water and. sewer okay but you have electric heating. it's going to be expensive in the. winter okay phone. Bells I managed to get it down to. 220 down from what it was.

240 we're financing phones aren't we I. have one phone. financed okay you're not paying for the. groceries for this dude that's living in. your place right he pays for his own. okay I provide for me my wife and. kid doing a th000 for. groceries honestly we've been we've been. kind of doing I think we've been doing. about two 300 went to the store. yesterday and spent like only 75 bucks. for probably about a week and a half two.

weeks of food you eat out every second. of your life so no I mean but this. that's not going to be a realistic. budget you eat out every second of your. life so food we're going to do. 750 adjusted as needed but we're just. we're trying the way we do this and it's. going to be very boring and your kids's. going to complain we're meal pring. essentially twice a week like on a. Sunday and on a Thursday it is difficult. for us to feed her because she does have. autism so she also has a food. sensitivity issue oh sure and we also.

have to watch out for soy cuz she's. allergic to Soy so it's it's a lot of. nitpicking items yeah to make sure she. actually eats something on a daily basis. totally reasonable so you guys are going. to do what you need to do for that but. then for you two we're budgeting down. we're meal prepping essentially uh like. four days at a time we've been buying. bulk chicken recently to kind of just. how want cook it all up front you warm. it up on a daily basis and it's just. like chicken it's it's boring but we do. healthy we don't do anything that's. going to hurt harm us and then you do.

what you have to do for her so uh with. autism is their medication uh with that. not it's more of just uh she wasn't. therapy but they dropped her insurance. because I started making too. much what about your insurance if I add. her on my insurance it comes out to. almost $700 a month need to have health. insurance um we were not well we we.

actually were fighting the system on. that one and they failed to tell us that. she was actually eligible for the chip. program which we're trying to get her. back onto okay that way the state can at. least cover that well you don't make bad. money I it's you don't make bad money I. mean net on a yearly basis is 60,000. bucks you guys are probably making as a. household before taxes the median. household income of Austin yeah so you. don't need to rely on that but if that's. a program that's meant for somebody in. your situation then okay that's fine so. total paper when I was essentially going.

to try to calculate in what therapy. would cost what so she has a medication. for her uh insomnia I think that comes. out like six bucks a month or so okay so. toilet paper uh things to keep the house. in order makeup blah blah blah all this. stuff and things that she might need for. school stuff like that we're going to do. 200 bucks a month some months will be. higher some months will be lower it. includes the medication so everything. else needed to keep the house in order. gas how much are we spending between the. two of you on gas uh I probably have to.

say about 150 a. month I I do 150 that seems well well. she doesn't drive very far the school is. only about three. miles uh maybe a six mile round trip and. she doesn't really go anywhere so her. gas usually lasts longer than her tank. than mine yeah that's why I've been. taking the bike too because it's a lot. cheaper and I can get more out of it we. got. 213 uh I guess we're busier one month. than the other well prices are higher. right now that's true yeah I'll do 175.

it's me to the middle yeah okay let me. add up your minimum monthly payments. this is about to harm me and the crazy. part about you. having this bad this many debts as your. minimum monthly payments are just. staging dude absolutely. stacking yeah I think I'll probably be. one of the few that are actually in the. red most most of the time it would or. nearly trust me that is quite a common.

thing on here at least cuz my roommate. was paying 400 a month for rent but. right now he's not paying anything. almost half almost half of the money. that comes in on a monthly basis goes to. just minimum monthly payments almost. half so. debt that's included in the student loan. payment. 2,400 uh. $249 83 Jesus yeah that's what we do. when we just go into 20 21 different.

debts on Just for everything in our. lives and we're just financing. everything that's that's really bad. that's what happens when we prioritize. spending money on both every month. instead of paying them. off. okay car insurances and motorcycle all. that stuff combined what are we looking. at uh motorcycle 78 a month and the car. payment is actually going to be reset. because it renews next month to. 284 for both cars. yep it was.

310 3 I've been I've been trying to find. cheaper Autos entrance but this area is. just horrible right now okay anything. else you guys have to take care of on a. monthly basis what am I. forgetting honestly that's about all I. can think of right now we have rent we. have utilities we have phone we have. food we have just around the house. medication all that stuff we have gas we. have debt we have car. Insurance renters insurance will call. like 10 renters insurance is 32.

oh. okay okay so this is the total rent. right this isn't yeah that's total rent. yeah that's the that's the high end of. it all right you're in the red. $374 so and that's your budget to. survive that's a conservative budget. that's not you going eating out anymore. so this is that's without you around. so. okay are you going to stop are you guys.

not going to eat out. once we've cut out eating out just in. after the end of the month from last. month we haven't touched eating out. except for one day a day so this is what. I need you and her to do together or. else there's no plan that can be made. with you and her combined I need an. extra $2,000 a month to come in for. there to be any hope any hope if there's. not we're in this forever we're dying in. poverty and we're never.

retiring which I'm sorry I'm sorry that. that's so negative but that's the. reality that's reality yeah and it' be. irresponsible of me not to be forward. and real about your situation you're in. the red 374 on the most conservative. budget. possible there's no option but to go. make more money he getting a better job. her working more you guys working all. the time and I understand when I be home. with the kid and all that stuff but. we're just working when the other. person's not you know maybe she's. working all night I I it's hard it's.

hard but the sacrifices need to be made. now and you cannot be the only one. making and you need to get on your. roommate your you were helping I just. got on him today about it too you give. him probably a couple weeks cuz again I. know he can go get a chill not not a. chill but a lower paid job to at least. get some money rolling in like okay. maybe we give him a little bit of a. discount as he's doing it but if he. doesn't have anything within a few weeks. man you need to tell him that's it yeah. I've already told him he pretty much has. the till the end of the month and. otherwise he's he's living in his car.

which he's still paying for hard it's. hard but that's those are the tough. conversations we need to have in the. reality of Life yeah in the system we're. in so that that's just That's it man so. with. $22,000 the thing that I would do for. all these uh I would save up a one-month. emergency. fund I'd rather do two but it's just. going to take too long yeah one month. emergency fund in uh two like a two and. a half months at that point once you. guys bring in that extra 2,000 n like.

three. months sorry excuse me and then I need. you to pay off in a few months that. America first or American first whatever. MH uh alone that has to be taken care of. immediately because the interest rates. 106% the rest I think what makes sense. for you because the minimum monthly. payments are what's killing you from. there you just have to do the smallest. to the. largest so we're starting with a little. Avalanche that's taking care of the. highest interest but then whatever the.

smallest largest balance are except for. the student loans leave out the student. loans okay you take and you pay them off. student loans you can Min monthly pay. them until they're paid off if you want. to if you want to pay them off you can. but buddy even with an extra $2,000 a. month is going to take a long time yeah. we can go through the whole process and. figuring out how long it's going to take. the payoff but that doesn't really. matter because right now we're losing. $374 a month I don't know how how much. money you guys are going to bring in so. we're going to be going full. hypothetical yeah you guys need to bring. in as much money as possible take care.

of this and I think what you can except. for a couple of the higher balances a. lot of these balances you can you can. knock out pretty quickly and I do. motorcycle needs to be gone after 21. debts PayPal included maybe it's 22 I I. don't know it's and the loss in the mess. you need to get rid of it that that we. cannot have that minimum monthly payment. knocking out 5,000 about three payments. left on that law the hon law one but. even still I would rather you just fully.

get rid of it get get rid of it because. even if you're profiting like a bit and. to throw that at the like okay you fully. pay that off then you sell your. motorcycle and then you throw that at. other debts I'd rather you do that. because it's just the irresponsibility. if we don't need it right now we need to. get out of debt now because you guys are. not retiring you're living in debt. forever then you're it's it's yeah it's. and I don't want that to be an option. for you so that's why I would also. borrow the difference sell that uh more. expensive newer car and get a $110,000.

checked out reliable safe car for. shorter drives even I mean because you. as you said that car is not used very. much we don't need it to be a $20,000. debt at. 12% we're never opening up another. credit card again you guys are attacking. this if you guys go bring home the money. can get out of this two three four years. but if you don't you're in this for the. rest of your life and I'm sorry that. it's going to just a more dire note but. there's there's no point of going into. hypotheticals yeah most important right.

now you guys need to go make more money. and that's likely going to be from her. working. yeah I'm sorry man I wish I had better. news n this is kind of what I needed to. hear uh kind of. just it kicks a fire under and I didn't. realize was I was. that that deep in you were shocked to. hear the minimum monly payments that you. owed on a monthly basis you should know. that everyone should know that the fact.

that you don't scares me so take this. take this as a wakeup call and go and. turn your life around let's meet again. in a. year and you should have made a bunch of. progress bunch of progress out of this. completely no probably not but you. should have made a bunch of progress. you're 29 by your mid-30s you'll have a. fully Fund emergency fund no bad debt. and you'll be contributing a good amount. to your retirement and you guys can have. fun those stressors that exist in your. life from this will not exist anymore. but that's if you take action now.

now it really can't be a choice but it. is a choice so do you have any final. thoughts no it's. just it's a. little it's hard to. swall I just never expected to be this. deep. in yeah I'm kind of just lost for words. I really don't have much else to say on. that part I mean you know it I know it. that's a hammer Financial score is 0 out.

of 10. um that's a hard one I Really they just. need to bring in some monies right now. and then they can start aggressively. paying it off I wish I had a more. optimistic ending but check out all the. resources Linked In the description. below they are what I use or would use. in specific situations if you want to be. in an episode of financial audit and. you're able to make it down to Austin. Texas fill out the survey in the. description below.