24-Year-Old Is Drowning In Terrible Decisions | Financial Audit

My name is Genesis. I'm 24 years old. I'm from New York City. I currently live. in Jersey. What do you do in Jersey for a living? I'm a leasing agent. For like an apartment complex? A real. estate company. Oh, okay. So, what do. you bring in doing that? I make 60k. 60k? Yeah. 60k any. types of commission? I'm not exactly. sure what this job is exactly. No, um no commissions. So, you're just. trying to lease out properties for this. company? Yes. We actually work in the.

public sector. So, um. we're like low-income housing. So, $60,000 Jersey City. Jersey City. expensive, I'm assuming. I mean, it's right there, right across. whatever that body of water is, that's. pretty much a river from New York City. Yeah, I'm a little bit north from Jersey. City, but I'm still like like I said, like 15 minutes from the city. Yeah. What's your rent? Um I pay $500. What? How? Yeah. Um I live with a very, very, very. good friend of mine. Oh, that must be a. very, very, very, very good friend.

because. Yes. Um her parents, they know me my. whole life and yeah, so. Now, you live. that state income tax life. You live in like the highest tax state. if I'm not mistaken across everything. Well, maybe California. I haven't looked. at that in a while. Let's let's see a. paycheck come in. Okay. $1,529? Yeah. Yeah. At that um. at that point, I was making 50k. So, I. got a raise recently. So. Oh, very good.

Yes. So, is that are you paid bi-weekly. or semi-monthly? Bi-weekly. I work in Brooklyn. So, I commute. Jeez, so you have to commute through Manhattan. and then into Brooklyn? What is that. commute? Um it's not terrible. I think. I've been used to worse commutes. It's. like 50 minutes to an hour, but I'm. going to be relocated to the main office. now, which is in midtown. So, I'll cut. it by like How are you commuting? I take. the bus and then I take um the train. So. Okay, how much does that cost a.

year? Um, monthly it's like $315. Geez, it's actually. crap. Yeah, so that's What's it going to be. ish once it's relocated? The same. The same. It's just less time. Well, that sucks because. it takes you down to like. just below then it takes you like $3,400. all of a sudden you have left. Luckily. your rent is fantastic again. I mean.

that's going to blow my mind. Now, before we just get into your money and. stay tuned cuz it's going to get. interesting. By the way, feel free to subscribe. Trying to get to. 250,000 subscribers and you know, we're. getting pretty close cuz all of you. amazing people. So, please consider. that. I want to hear from your. perspective. What do you think your. financial situation is? Um, it needs. vast improvement. It's It's not good. Um, I have a spending addiction. Um. Oh,

jeez. Yeah, um, yeah, I need to I need to get. it together. Um. Spending addiction, so. it's self-diagnosed. If you know it's. self-diagnosed, why are you still. spending? Have you tried to do anything? Therapy or we any kind of budgeting? What have you attempted to do? I haven't attempted attempted therapy, but um, I tried budgeting. I tried. twice. It I didn't stick to it. of budgeting have you tried? Just. sitting down, just you know, tracking my. monthly And like a spreadsheet? Yeah. So, you haven't tried an app, you.

haven't tried like an envelope system? No. Um, I did try the envelope system. Go on. many years ago, but I didn't. stick to it. Like um, after a month I. just Why didn't you stick to it? I'm. curious. We kind of need to know what's. going on in order to get over the hump. once and for all. I don't know. I just resorted back to. spending like a maniac. What do you think's triggering that? What is. What is it like. It's a symptom of what? Is or do you. think it helps with.

anxieties or just boredom or a. depression or like what do you think it. is helping? That's a good question. Um. Boredom? Maybe some. underlying sadness. I don't. Where are you spending the money? Are we. going out and spending money or are we. just sitting there clicking clicking. clicking clicking? Um so I have I've. realized um. doing some introspect I have like. cycles. So like I'll have for months.

I'll like do Amazon. Now it's Uber Eats. Um that is yeah. Oh that's bad for a couple of reasons. cuz one typical the majority of options. you can get you can get healthy options. but the majority options probably not. going to be the best for you. I know. this. Yeah. So I mean that helps that hurts in. two ways typically health and wallet. Yes. Yeah. So. What what does that look like to you? Uber eating every day? Uber eating. multiple Multiple times a day. Multiple times a day?

Yeah. That's intense. Yeah. What are you Uber eating? Are these. meals or are you even getting Are you. like Uber eating everything? Cuz I know. you can get stuff from like convenience. stores and grocery stores and. prescriptions. Like what are you doing? Just meals. Um yeah. Now why do you think Do you cook at all? No. I'm lazy when it comes to that but um. I need to get cooking because I'm. obviously living above my means and so. That's an insanely hard habit to break. When once you're in the convenience of.

it. Yeah. Okay. Well I mean. nothing better to. nothing better to do at this point than. just jump in and see where things are. looking like. We have a. checking account with Capital One. You started the month with $158. Terrifying balance for checking account. Automatic payments happen. End of the month, 268. I'm glad it went. up, but that's still a terrifying ending.

balance. Yeah. Do you feel like you have. wiggle room? Just like out of the gate? No. No. No, I don't feel that. No. Yeah. I mean, I'm going to go through a. lot here. I can be a little repetitive, but it just. I need you to know just how insane this. is. The this pile pile of stupid. spending. And the only way for me to do that, I. think, is just to. scream them out and for you to know just. how chaotic this is. We're doing Uber.

Eats. And these Apple bills, I'm. starting to think you're do the Are. these like Apple Pays of Uber Eats? Yes, somewhat. Okay. So, because again, I I I don't know. They could be app. purchases. They could be Uber Eats. I. can't see. But, we're just going to call. them like an Apple payment for now. But, we have Uber Eats and Apple payment. Apple payment Amazon Amazon Ru Ruben. lunch Wides Uber Eats Uber Eats Uber. Eats. Asahi Uber Eats Starbucks Dunkin' Donuts. Uber Eats Uber Eats Amazon Cash App and.

someone Golden Corral KFC IHOP Ross. Stores Uber Eats Uber Eats Zelle and out. Zelle and out Zelle and out Uber trip. Uber trip Cash App PayPal Fashion Nova. Ruben. Uber Eats Uber trip Uber Eats Uber Cash. App and out Amazon Uber trip Bagels. Dunkin' Donuts Fresh Italian something. Uber Eats Uber Eats Instacart Uber Eats. Wide Deli Liquor. Lift cancellation fee. We're getting a. $7 cancellation fee. Great. And.

something Bagels and Uber trip and I. bought pain and Hudson Duncan and Uber. trip. We're just going crazy. We're is Zelle. running out? We're getting Chick-fil-A, PayPaling out and Uber Eats and Lyft. ride, Cash Apping out, Uber Eats, JetBlue, Zelle, Zelling out $300. and an Apple payment again. Amazon, Apple payment, JetBlue.

Wingstop, PayPal Uber. Well, that's. Uber. So, you're paying Are you paying. Uber through like different methods. sometimes just depending on Yes. Yeah, that's not a good sign. And. Boss Revolution, PayPal. Restaurant com, Uber trip, Lyft ride, Apple payment, Uber Eats, Uber trip, Uber trip, Uber Eats. And if we've just. just looking at these just looking at. these.

you're not getting a single healthy. meal. It's all crap. You're just putting. crap into your body, yeah? I try at times. Like I don't get fast. food, so I get like you know Well, I. don't see an example of that in here. I mean the Apple payment some of the. things that are hidden like the PayPal. with the Uber. Like I can't see what was. ordered from there, but the restaurants. that you go to that aren't through Uber. this is crap crap crap. Yeah. Have you noticed anything with. your health weight since you started. this Uber Eats addiction? Yes. Um I have.

gained weight in the past year or so. So, yeah. But I'm trying to get back. down, but. It's hard. I mean I struggle with my. weight and eating as well, but this is. bad when it's coming from both the. health perspective and the financial. perspective cuz overall the finances are. not in a good place, but let's talk. about a couple other things that I. noticed in here. What is this? We have. Afterpay. We have Klarna, Affirm, Afterpay.

And they just continue through here. Klarna, Klarna, Afterpay, Afterpay, Affirm, Klarna. Klarna, Klarna. Afterpay. Is I mean this is insane. Klarna, Klarna, Afterpay. Klarna, Klarna. What the. So I have paid off Today I have paid off. most of the Afterpay and the Klarna.

balances. What were they? What were you. even doing? Um. I think it was shopping. I that month I. actually went on vacation I shouldn't. have um for obvious reasons. Yeah, very obvious. So I shopped. um. yeah. I hadn't I had So what were you shopping. like or. Was this beyond Uber Eats? This was just. other bonus shopping? Yeah, it was just. like clothes and you know, non-food. related things.

How do you feel about all this? This is. I need to make sure we're seeing this. from the same perspective here. Like I'm. beating in only to just show the extent. of how terrible this is. Yeah. Um. It's bad at the you know, couple months. back I knew I had a problem but I never. addressed it. Um I just thought, well, it is what it is. That's what I thought. But now. I've really really like I really want to.

like. fix it. This is not acceptable. Yeah. Can't live like this forever. Well, I'm. glad you're not trying to justify it. because there is. there is no reason to justify this. Especially as we go throughout the. finances, this is just delaying your. inevitable financial failure. essentially. Yeah. I agree. What can you do in your own life to stop. this?

What can you do? Well, I definitely need to. eliminate Uber Eats. I need to delete. that app. I still have it. Well, you can easily re-download it, so. That's true. But, um, I need to start cooking. And. also, just really be conscious of every. like, every purchase I make and you. know, do I really need this and. yeah, um, I need a budget. I definitely have to. You need a budget. That's the name of an. app. You need a budget. Great app. I.

recommend it. It's worth the $10 a month. that it is. Cuz this, just starting. here, we just started and I'm I'm. scared. There's a couple other things I wanted. to mention. Withdraw from Earnin active pay. tre-. pay tre-. What's this? What is this? Cuz it pops. in a lot. So, Earnin, um, it lets it. lets you borrow, um, before you get. paid. You what? Yeah.

I've been doing it, I don't even. remember when I started. Um. Yeah. How long have you been doing it? A year, maybe more. How much do you do. it? Because in here, this is insane. We. have it. This is just from December 7th. $103, $103, $103, $104, $104, $104. That's crazy. That's just a day that.

you're borrowing from your future self. Yeah. And then here, on the 22nd, $100, $50, $104. And it continues, $100, $100, $104. To do what? Just so you can buy more. Uber Eats? Or is that to pay rent? Or. like, what? What What is the situation. you're in where you're like, I need to. borrow from my future paycheck in order. to do this? I guess it's to keep. to keep buying Uber Eats. When I'm low on money and or if I need. to pay a bill or something.

That is definitely an addiction. And. that is hard. I can talk about personal. finances all day, any day. I cannot talk. about mental health. Like. I'm not even close to being licensed to. speak on mental health. But there are. There's There's some stuff here. And I think a therapist I recommend it. to everyone, no matter their situation. Uh. but. I think you need to see someone.

To get over why these habits are. building or why you can't stop them. Cuz. they have these addictive tendencies. You're showing these addictive. tendencies. And that is not something. that I can specifically say. All right, just don't do it. I. But. that's a scary start to the situation, but let's continue going forward. I. mean, this your credit score in general. is usually Well, it's not always the. best indicator for financial situation, but.

when we see 550 or 574. we know that something's up. Yeah. Uh okay. I don't see more than that. We. might have you pull up some stuff, but. we know that's where your score is. sitting at at least. through Discover. That's what they think. your FICO's at. We have a couple credit. cards, and then we have some other. debts. So, let's start with the Capital. One. Well, $1,530. you owe on this. With a minimum payment.

of $142, but guess what? We only made a. payment of $68, which means you were. given a late charge of $40. A late. charge on a credit card that's only. $1,530. You It's not a crazy credit card balance. in terms of, you know, the American. standard, and certainly when it comes to. your income and what comes in in a. a A. that's practically a third of your. income, you know? Uh. it's closer to a half of your income as. the entire balance, yet we can't even. make the minimum payment, which is.

barely a percentage of your income. Why? Why the are we not having a minimum. payment done? I I don't know. Well, why? I guess I chose to pay less to keep it. on auto. No. Why? Um I haven't enrolled in the auto pay. So, to be clear, you have chosen being. able to order an extra Uber Eats instead. of the making a minimum monthly payment. on a debt that you have. I think so.

And then we have interest charge of. $31.37. So, not only are we making, you know, having late fees cuz we're not paying a. minimum monthly payment, which by the. way, for your take-home pay, take-home. pay is just around 3 to 4% of your. income. For your take-home pay. You. could easily make that minimum monthly. payment, and I am very upset that you. did not. I'm not upset when people don't. have cards or I'm I'm not upset when. people um have debt. Like I try to make.

it very clear to people why, and I go. hard on people so that they know how bad. the situation is cuz a lot of people. come in here and they're just like, "Oh, a debt's debt. What is this?" But I am. upset seeing a. not making the minimum monthly payment. seeing you get knocked $40 because you. chose to order something on Uber Eats. instead of just being a responsible. adult and make a minimum monthly. payment. Yeah, it's. I'm ashamed of that. I should have just. paid the whole minimum. Uh.

Your next payment's in a few days. How's that looking? What's in your. checking account right now at this exact. moment? I believe 300. Okay, so about half of. that would have to go to this. Are you. going to pay the minimum a payment on. this in a few days? Yes. Yeah, 24.42%. interest on this. And if you only did the minimum. payments, which we're not even doing. that, it would take you 10 years to pay.

off and you would pay a total of $3,453. on $1,533. So, it's time that we start making. progress and we'll talk about the light. at the end of the tunnel and all at the. end, but right now we're deep in the. tunnel. We're in the just the worst of. the worst of this. So, January. When did you open this card? Um. This was a couple years ago, maybe. Um hm Cuz I think it's looking back.

Uh interest charge You're just. continually paying like 25 bucks of. interest like forever. Yeah. I I didn't even know that. Um I. didn't even know interest on this card. I just been very ignorant. I. I didn't know. You just didn't know interest is. accruing? Um no. know there were interest on credit cards. and balances? Yes, I just didn't know. the amount. I never decided to even look. into it. Yeah, I mean.

Yeah. It feels better to be blissfully. ignorant, right? Yeah, um I guess so. I'm slightly happier about this Discover. card, but I'm not happy about the. overall situation. Obviously, you're not. either, which is good. I'm happy that. you're having that wake-up call moment. and we're going to start doing things, but 703 Not the craziest balance. That. brings your entire credit card unless. there's I think this is your last credit. card, right? Um. There's one more card that's not there. Ah. Okay. But, interest charged 14.11. You. at least made your minimum monthly. payment due of $17. Now, this is where.

minimum payments become kind of hard. You only have $300 in your checking. account and we're getting pretty close. just the minimum payment on these two. cards equaling what you have in your. checking account. Yeah. That's unsustainable. Completely unsustainable. And the. purchases on here, the interest rate is. subject to 2.24%. variable. So, that's what it's at right. now. I would love to see the interest that. was charged last year, but it's only. showing the year we're in, of course, which is.

fine. Uh let's start keeping track cuz we need. to get out of this. Okay, so we have. something here. I don't know exactly. what this is for. Uh and you can tell. me. It's a personal loan. We have a personal. loan. Why do we have a personal loan? I. took this out um about 2 years ago when. I got fired from that job I had. And so. Cuz you didn't have an emergency fund, I'm guessing. No, I did not. That's why I talk about emergency funds.

being an emergency. Mhm. So, you had to. borrow to survive. Yes. 23.47%. How are you doing this? Are you making. the minimum monthly payments on this? Like, what's happening here? Yeah, it's on auto pay, so take it out. I believe it's like 83 every month. So, you financed a total of 2,444, but. the total you will pay is 5,027. This is a first time Okay, I can't say. this is my first time seeing this cuz I. signed that form. I didn't read it. And um I wish I could just, you know, go.

back in time and. really talk to myself. Yeah. This is. going to go all the way through 2026, 3. years from now, September 3rd. So, 3. years from September of this year. It started in 2021. Wild. So, we have 83. 82 a month. Okay. And then we have more goodies. These look like student loans to me. Yes.

Okay. Are these all federal? Yes, they're all federal. Okay, so they are. in COVID-19 pandemic. for balance. Okay, these interest rates are not. crazy, which is good. One's creeping up to about 5% a group of. these loans. But the rest are between two and four it. looks like. Yep, okay. Yes, so the. highest one's five. These are not insane as far as loans go.

We have $23,358. Where did you go to school? What did you. study? I went to um SUNY Empire. I studied. business administration. So I got my. bachelor in that. Good. Very good. Okay. Did you work at all throughout college? Yes. And guess these minimum monthly payments. are going to be around like. 200 bucks? Something like that? Yeah, that's actually the estimate it. said on Nelnet once they start I guess. like two something.

Yeah. Okay. You said you had another credit card. that I just don't see. Yes, I have a. Macy's credit card. What's owed on it? Uh right now I believe it's like 370. $370? Yeah. What's your minimum monthly. payment? Um I don't know at the moment. I like. stopped paying it. Why? What? Um. $370? You're so close. What? Yeah. So now I'm not even sure about the. minimum, but um Pull it up. Do you have.

it on your phone? No. I don't. I requested a statement, but um. I didn't get it. Requested? Wasn't just download? Okay, do you have credit card on your phone? I. do. Okay, go ahead and pull that up. Yes. Score's even worse on here, 548. Oh, let's take a look here, shall we? Cuz yeah, you stopped. payment history 96%. 12 late or missed payments on your. report. My gosh. I'm not upset with that.

because it is as a part of our well I. okay that upsets me in general but I'm. not angry at someone for getting into. debt because our culture is very debt. driven and it's just things that people. can fall into. But miss payments six. miss payments on Macy's six miss. payments on Capital One one miss payment. on Upstart is just irresponsibility and. that actually upsets me. I am upset at. you for that. Yeah. Why? Why do you think you're so. irresponsible that's so many miss. payments? Yeah, I don't.

I believe I don't like I didn't. understand like the severity of how that. can you know really impact Yeah. Um my. credit. Um I don't know I just been. Credit card usage 103%. You're 3% over. Okay. Yeah. Credit age is low 24 accounts yeah. student loans lot of accounts in there. and so. that let's see these total accounts.

Let's take a look at this Macy's thing. Why? Why did you decide to stop paying. this Macy's thing? Did you give me an. answer? I cuz I don't really. know I What what do you mean? I just. decided. like I'll deal with it at a later time. Maybe at that moment I didn't have. enough. What is this Citi card? Is that the. Macy's? Yeah. That's the Citi. Uh it's up to 59. days over. I guess I don't know. The Upstart what's. the Upstart?

That's the personal loan. Dude it's also late right now. You're not making the freaking payments. on that thing? I am wait it's late. Huh? It's late. Oh the. Macy's. Macy's you owe. 479 not 370 by the way. fun fact. On a $400. limit. Yeah those late and. Also, yes, I know I'm digging into her.

and I know the thumbnail is going to be. like cuz you got to play the game or. whatever that we're forced to play. However, a big shout-out to you for coming on the. show. One, to get help and two, to to. show other people in your situation or. similar situations that, you know, you're putting your situation out there. for people to relate to and that's. incredible. So, thank you for being. here. I feel like that needs to be said. No problem. I need to know your minimum monthly. payment. Well, um. I don't think um I'm a credit card.

person. I want to get rid of them. I I don't. want to. I feel like I shouldn't have any more. credit cards. No, you shouldn't. Do you have them right now? No. Um. they're all on my phone, actually, except the Macy's one. I don't know. where that card is, but I haven't. shopped there like in a long time. just use Apple Pay? Like. Yeah, with my other cards, but I. actually, as you see, I haven't been. using um my cards at all cuz I. just want to, you know, tackle that. debt.

Yeah. So, if you want to tackle that, but you. haven't even come close to even. starting, why have you not started? Why have you. waited until this like this moment? Um. I don't know. I feel kind of stuck. I. feel like I just need a little bit of. guidance and. yeah, I don't. I don't know. What do you think I can do to help? What. do you think I can bring to this table. that you have not been able to do. yourself? I definitely need um a budget um or.

budgeting method that will work for me. and also, uh you know, I want to build up an. emergency fund and, you know, start. putting into like a Roth IRA and. really just, yeah. Well, are you ready? Cuz it's time to turn this around. Do you agree? I'm ready. Are you ready? Are you going to make sacrifices? Yes. Is it time Okay. Let's do it. Let's. do the budget then. All right, so budget here's what's. looking at here are required payments. that we have to make in order to. survive. One, do you have a car?

No, I do not drive. yeah, public transportation is good up. there. You are spending a lot on it, but. that's essentially a car payment that. you spend on transportation. Yeah. Well, let's talk rent. $500. Mhm. $500. Then we have transportation, $350. Then we have your Capital One minimum. monthly payment of $142. Then we have a. Discover card of $70, then we have a. personal loan $83.82. And then the Macy's is unknown. currently. Yeah.

For whatever that minimum payment is. It's bad that you don't know. What else. for necessities that you have to pay. besides food? Do you do you pay for your own health. insurance? No, under my mom's. Yes, cuz you're 24, you have a couple. years. Okay. Renter's insurance, utilities, what does that look like. right now? I don't pay utilities. I don't have renter's insurance. Pretty much that's pretty much it in. terms of the you know, what I have to. pay like monthly expenses.

Yeah. So right now just the minimum. monthly payments you are forced to pay. are $1,145.82. and that is with the unknown Macy's. Meaning after take home. we now have. $2,600. $4.18, which is congratulations, a good number. Where does that all go? Uber Eats. multiple times a day right now.

Uber Eats will drain it and it's crazy. how much you spend there. And it is not. surprising looking through that checking. account that easily that $2,600. goes directly to them. I'm going to be generous with this. grocery bill. I'm going to be generous. Let's just talk So, we have the minimum. monthly payments from here. I think $604.18. in general, we'll just call it $600. Um. can go to groceries, getting things that.

you need to survive. Just That's your. survival money outside of the minimum. monthly payments you already have. That's groceries, that's toilet paper, that's. this, that, this, you know, going to a. doctor appointment, going to. you know, a therapy cuz you have health. insurance. Go to therapy um. and uh have the copays and everything. So, I think 300 that 600 could be. groceries, 400, and then maybe the rest. is therapy. You know, it's up to you how. you divvy that out. Well, we can talk. about that afterwards once the show's.

done in terms of like how to divvy that. up as well, if you want. But, I say $600. goes to groceries and other necessities. to survive. Does that make sense? Yeah, I believe that's really reasonable. Very. incredibly reasonable. Uh if y'all have been following along. with the math, we now have $2,000. left. Yes? I think for you when it comes to baby. when. uh well, I almost said baby steps. I. mean, you could follow those. I think. they'd help in your situation.

Uh well, I think the snowball method. works more than. avalanche or consolidation or anything. like that. in your situation. So, I think we I. mean, we start this right now. Yeah. At the end of February, there is no reason no reason why Macy's. is not paid off $479. from the $2,000. I mean, it'll probably. be like $1,500 cuz we're already a. little bit in, but there is no reason.

why Macy's is not paid off any of an. extra $1,000. Maybe the $1,000 you set aside. So, that's it. We just worry about. Macy's this month. Macy's is paid off. Okay. Paid off and cut up. You delete. all the other crap from your Apple. wallet and everything. We're just using your debit card now. I. might even want you to use the envelope. system for you. But. by the end of March, you have $1,000. saved up. And because you're in such a. fantastic rent situation, normally I. think that is way too little to start. with. I think for you, cuz we can I.

I think we can start getting through. this stuff pretty quickly and you have. $1,000 you'll actually be able to last. for a month if you have to. We'll keep it there. So then. we're looking at March. What does March look like? Well, now one. of our three credit cards is gone. We. have $2,000 to play with. Well, that. will destroy the Discover card and it. will take away the majority of the. $1,500 on the Capital One. So the.

Capital One will now have about $700. left on it. I think that I did that math. right. Just about. No, it'll only have a. couple hundred dollars left on it. So in April, $200 goes to Discover. Discover's gone. Capital One's gone the. previous month and the Macy's gone the. month before that. So now we're 3 months. into this process. All three credit. cards are gone and we have an extra, because the minimum monthly payments are. gone, we actually now have over $2,000. we can put towards this stuff. I see no. reason why.

March, April, May, June, May or June. I. always have to count the months in my. head. Uh. I think by the end of May. the personal loan's gone. I really do. Cuz I think after you put a couple. hundred dollars towards Capital One, that's gone. With your minimum monthly. payments gone on all this stuff, the. $2,000 on your personal loan should be. gone. By the end of May. Yeah, definitely. I should add um I owe my mom $800. Um I.

have to. pay her. She's asking me to give it. back. She's asking you right now to pay this. back? Yeah, like she's allowing me to do. it slowly. But. you borrow it and for what and why? Um. let's just say it's to further um buy. more Uber Eats um or times. Oh, I when I. went on the trip um when I vacationed, I. actually borrowed from her. Um I did some work in my teeth, but um. yeah.

I also owe Blink $120, which is like a. gym. Um. and I owe TD Bank $150. I closed um. Yeah, I closed my account there and I. guess I still had um. Okay, those last two besides your mom. I'd say we do that this month and that. just extends everything we just talked. about by a couple weeks. That's fine. So. now we're just like halfway through. June. Your mom. it depends on a couple things. It's not. accruing interest and all this stuff,

but it's a relationship thing. So, what I would do is have an open. honest conversation with mom. Hey, I'm finally getting my together. Sat. down with this dude and we have a plan. I have all these lay out the budget, lay. what you're spending out, lay the. minimum monthly payments and when things. are going to be paid off and you're. going to be like all these debts in my. life will be turned around or going to. be gone by the middle of June and then. by the middle of June by the end of June. I'll be able to give you the $800 that I. owe you. Are you okay with that? No, I'm. not okay with that. Okay, then fine. Put.

that over put that after your Discover. and after the Macy's and put it before. your Capital One. Okay. Okay. And still the whole thing. will be done by June. It just pushes. where things are. Since it's not. accruing interest and since. you know, it's potentially more. flexible. I say put that at the end. before the student loans, but. that's what I think. It depends on the. conversation. So, those are the two. alternatives where you have to pay it. off earlier or she'll be like, okay, cool. I'm glad you're turning everything. around. End of June is fine. And boom, you have.

it. Cool? Cool. Anything else? Anything else hidden? Um. no. I think that's everything. I think. Okay, then. At this point, you should. have. about $2,300. left outside of. Just about, maybe a little more. And. from there, by the end of November or early December. of this year, you'll have a $10,000.

emergency fund cuz you continue the. craziness of not having Uber Eats once, not having fun once. You don't do a. single thing once because this is. survival. You're trying to actually live. a better life going into your second. half of your 20s. So, you're making a. sacrifice by not bullshitting around, and you go crazy. So, by the end of November, early. December, you have a $10,000 emergency. fund cuz you're putting the $2,300 that. you now have extra because you don't. have minimum monthly payments towards. saving up for an emergency fund, yeah? Does that make sense? Yeah. Now, $300 of.

that might be taken away paying the. minimum monthly payments on student. loans at that point, depending what that. situation looks like. I don't think it's. going to get forgiven. with the current Supreme Court. It could. get delayed again for political reasons. We'll see. I don't know. If they resume, then you'll have to pay them, and then. you'll have that extra $2,000, and then. like the end of December or something. like that, maybe. Maybe just about a. year from now, you'll have But, you'll. have no credit cards, no personal loans, and you'll never use them again cuz. you're not a credit card person, you've. clearly demonstrated. And you'll have a fully funded emergency. fund. That would be awesome.

From there, mathematically speaking, and math always. wins versus basic caveman human. emotions, it makes sense for you to start. investing instead of paying off these. student loans aggressively. If you want. to make more than your minimum monthly. payment on student loans, fine. Doesn't. make math sense to do it, but. because your interest rates are in such. a good place, it makes much more sense. that the average of the 10% that the S&P. 500 does will always beat your 3 to 4%.

interest rate student loans. So, at this point, I'm assuming you have. nothing in retirement, correct? No. Oh, I do have a 401k with my current. How much What's the percentage that you. put in towards that? Um actually putting. two. I should. What's the match up to? Um I don't know. Is there a match? Yes. Figure out what the match is. Make sure. you're taking the match cuz that's 100%. return on your money. That always beats. anything. Don't put over your match. until.

your emergency fund is fully funded. Okay. Definitely. But after that, what you'll. need to do. is on a monthly basis, uh you know, we're not taking into account any. raises, but on a monthly basis, you should. probably put. minimum. $750 a month towards investing. Okay. Once Once the emergency fund is fully. filled out. So, that'll be like $500 a. month towards your Roth IRA. And then.

maybe the other $250 uh is into your. 401k, something like that. Okay. So, it'll be automatic and it'll be. super easy. But that should get you to a good point. But I don't even want to go into that. too much cuz right now it's talking. about cleaning up the mess. Now, here's. the exciting part. Dig into you. for justifiable. justifiable reasons, as you personally requested me to before. we even started. So, this is going to be hard. This is going.

to be a hard year. There's the mental health part that I. cannot speak on very well that a mental. health expert should, that you should. see, cuz that's going to help combat. this. None of this matters if you're not. able to overcome the addiction of the. Uber Eats. None of this matters if. you're not able to come the addiction of. spending on different categories that. get swapped around depending, you know, uh. where you spend money cuz as you said, spending addiction. None of this. matters. But if you're able to get to. that point and you're able to say,

"Okay, I'm sacrificing for a singular. year of the remaining decades of my. life." The other side of it, dude, you're going to have such an incredible. incredible many decades of your life. Yeah. Not just financially, you'll be. able to do things. You'll be able to. change jobs if you're not happy with. this job. If you get fired, you'll be able to. survive for months while you're looking. for another job. There's all these. things that once you get through this,

life just gets better. And you'll be. able to retire and not have to kill over. on the Walmart floor at 80, which I. don't want you to. You'll be able to. save up and buy a property at some. point. You'll be able to buy a car if. you need to and not have to do this $350. monthly. thing anymore. Yeah. And that'll help. with your income situation as well. Definitely. Yeah. But I want to hear what you will do. Tell me what you'll actually do. You. know yourself. Tell me. I'm you know, I'm being serious about.

this. I. I don't want to have fun for these. months. I'm going to just stay inside. and just really. just really clean up this mess. I need. to pay this debt off. It's like going to. be like a weight taken off my shoulder. Yeah, I'm I'm willing willing to do this. now because. the longer I wait, I just think the the. worse it's going to get. It's just been. getting worse progressively throughout. the years. And so, I need a. I need to get a grip on it.

Something else you can do, which I. highly encourage throughout this year to. make it more like 8 months, 7 months, extra job, whatever you can do. Work your butt off. Pretty much consider. this time other than eating, taking care of mental health, and sleeping, it's all work. The more. you work, the more money you bring in, the quicker this process is over, cuz. this is a painful process. It's always. easier said than done. Yeah. But, if you. just dive in, go crazy, promise it's worth it. I promise.

Yeah. I'll definitely look into that. To. just pay off that debt faster. Just. It'll just help, you know. Good. There's hope, and we will follow. up in the future to see where you land. All right. Any final thoughts? Um. Well, thank you for having me. Um. yeah, I needed this. Like. Uh I needed this, and. I hope I'll I'll get my financial health. in order.

For Genesis, this is some of the worst. debt to income to lifestyle I've seen in. maybe since the creation of this channel. in terms of just where the money is. going. It's not going to be a good. Hammer Financial score, but I'm very. glad, very glad the video ended on some. hope of her actually getting it together. and turning this around and getting out. of this complete mess within a year, but. it's going to take some mental health. help as well. But, for now, Genesis, Hammer Financial score, I can't do.

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