$250,000 Down The Drain, For THIS?! | Financial Audit

You blew through a quarter million. dollars. You blew through a quarter. million dollar. I could have been like so many people. who go through it in like 6 months and I. didn't. So on my back, what the did you possibly do? A4 million. is lifechanging. All I had to do is pick up the phone and. call my grandmother and be like, "Hey, mama, I need $5,000." And I had it. So you've been a spoiled your entire. life. Download my new simpler budget app today. and take control of your money once and.

for all. Hi, my name is Ila. I'm 39 years old and. I live in San Antonio, Texas. And this. is Financial Audit. Thanks for coming up from San Antonio, especially on such like a wintry day. What do you do for a living down there? I am a remote mental health therapist. Whoa. Okay. Usually the people we try to. get our guests in touch with. Like we give away three free like we. give them three free therapy sessions. Thanks uh uh Sandreine, you know, that's.

our that's our people. So that's great. That's a great job. That helps a lot of. people. I love that. Uh cool. What do. you make that with that job? That could. be money. Could be. Should be. You would you would think so, right? Is. it not? It's not. So currently I'm making $20 an. hour working remote. What was your degree? Masters in marriage and family therapy. Okay. But when I was in Virginia, I was making. like 78,000. Why are you doing this? Are how many. hours a week do you work?

40 hours. Okay. Why are you doing this? You're. working for like a nonprofit. What are. you doing? So, I work substance abuse. So, I was in. Mobile, Alabama. And. Oh, that's why I can't understand you. Okay. [laughter]. And um you know, my husband got. transferred here and. transferred. Yeah. So, husband. Yep. Okay. Okay. So, and so with him being [clears throat]. military, um, we we came here and I was going to. try to work here in Texas, [snorts].

but unfortunately I failed the NCE by. one point. Well, then then good, right? If you're. failing that, I don't want you to be out. there helping. But, you know, that's like that's not. even that's not even fair because the. test doesn't even mean that much. Like, I can still be a counselor without. taking the test. But you can't make the. $75,000 a year wage. Well, because you don't qualify for that type. of job. I was even I was unlicensed when I was. in Virginia. I was working on a uh.

adolescent acute mental health unit. Okay. So, why are you making half the. income now? Because apparently the South doesn't. value mental health like at all. It's a major city. San Antonio is in the. top 10 metropolitan areas in the. country. I I I don't know about that. It. sounds like you're working in an. addiction place, which is absolutely. fantastic, but. $20 an hour. What in Yeah, but there's more options. than that. So, I'm having to still work remote. because without I can't work legally. here in Texas until I pass NCE, right? And there's catch 22. Why don't you pass How long? How often.

can you take it? So, I can take it every 3 months. And when was the last? March. of of 11 months ago. Yeah, that's. of 10 months ago. Why haven't you taken. it again? So. if we could double our income, why not. take a pass? Here in Texas, you wouldn't exactly. double. I would make a little bit more. because I would still be an associate. So I. What is the job you would do? What is. the job you would do? So I would be an LPC associate. And the jobs that I looked at in San. Antonio, they make roughly maybe about.

23 24. So a few dollars more, but not that. great. Um, but being in my field, I. realized that I am burned out and I am. so not happy. What are you burned out with? Well, I'm. sure. Yeah. I mean, you're being when. you're meeting with people facing. addictive issues. That's incredibly. difficult. That gets so Yeah, I would be. burnt out, too. I get that, but I mean, what are you trying to say? It's not. like you don't have debt to pay off. You. need the job. You need to make money.

What else can you do? I do. So, I have a lot of debt to pay. off. A [laughter] lot. Wait, you said husband. So, this is a. dual income husband. It is. But we keep our finances. completely separate. We have a prenup. agreement. You have a prenup. Who's the. multi-millionaire? So when before we got married, I had a. lot of money. My grandmother left me. When did you? Yeah. When did you guys get married? 2022. Two years ago, your grandma left you a. lot of money, which means I would say we caning pay.

off the debt potentially. Um, okay. What. are we dealing with? [clears throat]. What is the nest egg that we're dealing. with here? What do we get to play around. with? So, basically, I have nothing left. Um, what do you mean you have nothing left? Wait, how much did she give? Are we. talking like uh she gave you $20,000 and. over two years that's gone? That. olding? Oh, no. I had like $175,000. What the did you possibly do? And it took 5 years to spend five and a. half years to go through it. What are you proud of that? What?

Cuz I could have I could have been like. so many people who go through it in like. 6 months and I didn't. So, had on my. back. Hold on. Hold on. Hold on. You could. have in. No. 175. You said 5 years ago. 5 YEARS. AGO. YOU GOT. IT. 5 AND A HALF years ago. Yes. It's the. account settled in uh April of 2019. Oh, was 175 damn thousand. Mhm. Okay. Let's just say I open up my. investing app of choice, Mumu. Wonderful. And I put $175,000 in there.

and it just does 8% a year. All up. years, down years combined, stock market. history. And it was 5 years ago. So 5. years ago, you're 34. 34, we got 26. years until we can pull it out. essentially tax-free, zero additions. That becomes you just lost $1.4 million. Congratulations. Cuz you decided to. spend it all. Congratulations. And. you're proud that it took you 5 years to. spend instead of two. Yeah. I mean, like, it's great, BUT I MEAN, NO, BUT OBVIOUS OBJECTIVELY THAT is. wrong. Did you not just hear the number? I said $1.4 million. You have any kids?

You have any kids with this prenup. little kid? You're you're going to love this. So get. this. So, it is too early for thising. Come on. This is usually the get to know stage. The little foreplay where you're you're. diving deep. You're go you're going full. peg. You are going to love this. You are going to love this. What are you getting excited for? So, wait. Hold on. Why the are you here? You. don't have to Why Why the Why. are you on the show? Tell me before you.

tell me what I'm going to love. Because you're going to like fix. everything. How would I fix? You're going to like tell me what I need. to do because like. I could tell you what you how you've. never You had $175,000. You didn't sit. down with the financial adviser when you. got $175,000. Oh, that's what you're going to love. The money that I got was in a Raymond. James stock account. So, it was. You know what Raymond James is? I'm sure. it's a brokerage, but. it was it was a stock account, an. investment account. Stock account. Okay. Okay. Yeah. from. with indeed and glass door on salary.com.

we're seeing about the median San. Antonio wage and pay scale typically. looking around $50,000 a year. and LPCAS and on top of that. be a $10,000 increase from where you are. so it would be. so it was in a stock account then then. what. when the money got released. um I took some time off work and I had. some surgeries I had some some surgeries. take care of okay well what. so I lived off that for 6 months before.

I went back to work. Um, over the surgeries. So, [snorts]. I had sinus surgery and then I had. weight loss surgery and I took. How long are you out out for sinus. surgery? So, my sinus surgery was like I was out. for two weeks. It was pretty bad. You don't blow through 175 in two weeks. Okay. What about the weight loss. surgery? Um, but I paid rent. I had a car. payment. Um, what about the weight loss surgery? The weight loss surgery was. When was that? Uh, July of 2019. Uh uh well, I.

technically already have permission, but. I'm gonna ask permission again. Uh. can I be offensive real quick? Potentially. Yeah. Question. Did it work? Yeah, I lost 100 pounds. Good job. Well done. I was really proud of myself. Good. I am too. 100 pounds is huge. It is. Um I did really well with it. the. I started realizing that I was ready to. go back to work because of course, you. know, after the money settled, I had a.

car that was in. Well, I'm sorry. I was trying not to get. cancelceled, so I didn't hear your. answer correctly. How long were you off. work for the weight loss surgery? So, I took off from July to September. Did you Okay. Well, that's also still. still 175 for two and a half months. total so far is not adding up. So, I. don't know what the you're talking. about. So, what was your lifestyle cost? What are. you talking about? You're making $75,000. a year. Okay. And did you did you not. have any kind of uh Well, that's not. disability. I was going to say. disability insurance is. I didn't have short-term at that time,

but at this time I was in uh Mobile, Alabama. So, I had just graduated with. my masters and I was making $20 an hour. then. Made such good progress. I know, right? I was doing so well. Um I. was taking my friends out to eat. I took. care of everybody. stomach was shrunk. You have it all for yourself. Okay. I made sure that they had food and I of. course bought stuff. We went to. starved.

No. Okay. But I was doing really well. Bought a. car. What kind? I bought a 2019 Nissan Maxima Platinum. That's new at that time. Mhm. That sounds expensive. How expensive was. that damn car? It was like 40 something. You buy in cash? No, I see. I was upside. down on my other car, but I had to get. rid of it because it was in somebody. else's name that I. You got $175,000. Who gave a if you were. underwater, but I was trying to hold on to it, which. it to be fair, I held on to it for a.

long time. To be fair, I didn't go crazy. nuts cuz I almost. You lost $175,000. You lost $1.3. million. That's pretty. You don't value. But we're not we're not going to focus. on what I could have had. We're going to. focus on what I had and how well I did. with what I had. How well. at the time? So, you're actually You think you. actually did well? Yeah. Cuz it lasts five years. Five and a half. years. Yeah. But you were only out of work for. 2 and 1/2 months. I was out of work for a few months. Yes.

And then. the five and a half years. We're talking. an additional $75,000 a year in those. time. In that time, right? So times that. by five plus the 175. and not including any kind of growth. that the socks were getting which during. that time it certainly was talking the. co time but either way divide that by. five okay you couldn't you you're proud. that you scaled down so much that you. lived off $110,000 a year basically in. poverty. You were so brave. You're an.

inspiration to all. I should be. So. well you should be what? I should be an. inspiration because like I know so many. people who got money and it was gone. within like a month and. Whoa, your brain is so lost. Okay, come. on. That's so. Well, you realize it. I mean, yeah, that's why I'm here. because like I realize it, but. Okay, so you're past tense talking. Yeah, like I mean I realize it. I made a. lot of mistakes. I 100% get that. But. you know the thing about it is um when. it comes to.

107. my my past choices um. what's in retirement today? Oh, you're going to love this. I have. nothing in retirement. So every time I'm not going to love. something, you're going to say you're. going to love this. Pretty much. That's your thing. Just so you know. So you literally were given the blessing. of a lifetime through a tragic. circumstance to essentially catch up on. retirement and get to a place where all. your fuckups didn't matter because. someone came in and saved you. And then. you decided, nope, I'm going to my life. even more. I'm just going to Oh, doesn't. matter. Well, at least you don't have. kids to worry about. Are kids in the.

future? No, absolutely not. Absolutely not. Okay, that's fine. I don't care. Um, no kids. Um, at the time I was, you. know, living life and just enjoying. myself. Why are you Okay, so you got the prenup. for $175,000. That's not even like. prenup worthy. So when me and my. husband, we met New Year's Eve 2019. And I moved with him to Virginia because. he got stationed at DC in uh August of.

2020, so in the middle of CO. It wasn't. until February that I got my really good. job. I was really happy and I had to. like live off that money. Like I paid my. my part of the bills. I paid everything. I could because I didn't want him to. support me. I didn't need him to support. me. And while that's a totally different. story now, we had a prenup because of. some of our past thoughts on finances. What. my husband, his last marriage, she. didn't work and she just drained the. bank account and I was like, I don't. need your money. I've got my own. I'm.

good. Like, but prenup, we're talking like more. divorce stuff anyway. So, why does that. even matter what she was doing during. We're pretty much at the point where I. just told him, you know, what if you buy. a house, whatever, like I will walk. away. and I signed a piece of paper. saying that I would completely walk. away. Um, so he was protecting himself even though. you were the one with the nest egg that. came into the marriage. I mean, to be fair, he had a nest egg, too, because like he makes 180,000. Had as in had. I mean, my husband makes $180,000. Yeah, but you said the word had with a. D. So, he.

does he not have a nest egg? He does. He sold his house. He had. bought a house. He sold it while we were. in DC. Okay. Hey, was the money properly put. places or was it blown? I assume so. My husband's really good. with money. I am not. You know nothing about his finances? I know very little. Does he know anything about your. finances? Oh, yes. Because. why what is this relationship that you. guys have? Are you guys like what about. United goals? United goals for the. household. You guys just seem like two. buddies that live together.

No, let's be honest. I mean, that's kind. of what it is. to a certain extent, but like. it's a situationship. It It's really not because here's the. thing, a legal one. So, here's the thing. So, and my husband. takes really good care of me and I am. like I love him to death. How does he take care of you? You guys. are completely separate. Because I when I send him screenshots of. my account being negative every day, he like sends me money and covers it. Like he he takes care of me. Why would you need to be sugar daddy. from a husband though? Usually marriages. are partnerships where we form together.

in a union. and we share, we plan, we goals, but. instead he's your sugar daddy. We don't we don't have. cuz he's your sugar daddy. Is that a. kink of his? Like what? Like this is a. weird relationship. It's hardly. marriage. And a lot of people have. separate finances and I'm not going to. freak out about that specifically, but. the way you guys are doing with the. prenup even though you guys don't. really, you know, like he doesn't sound. like it sounds like he does well, but I. I don't know. And then he sends you. money by you sending screenshots of your.

financial situation so he can probably. enable your bad behavior like a great. spouse. And then. and then you're blowing 100. This is so. weird. You guys are so weird. I wasn't always bad. Like when I first. got the money and everything got, you. know, divided out. Um I did pay off. credit card debts twice because once. wasn't enough. Whoa. when you had dates. ish. So the end of 2019 I paid off.

credit card debt. That was your first time and it was only. a few years ago. Oh yeah. How much credit card debt did you pay. off in 2019 to then have to do it again. to then be now with negative net worth. when you were positive at that time? I um I think I was like 26,000. something like that. Okay. And then the next one. and then the next time I paid it off was. we were in DC and I had my great job. So let's see that was like 2021ish.

How? [snorts]. Okay. So two years later. Yep. Basically two years ago. Um. it just became 2025. Uh amount amount. that one cuz my I'd gotten more credit. cards. I had like 14 credit cards at one. point. So, how was the first one paid. off through the money that you got from. the death of someone? How was the second round paid off? I called my adviser and was like, "Hey, I need your advisor." I guess he has to. allow you to do it if you ask him and.

tell him to how did they did they at. least push back? No. On your. But I mean, here's the thing. Just like. when I was growing up, when I was in. undergrad, all I had to do is pick up. the phone and call my grandmother and be. like, "Hey, mama, I need $5,000." And I. had it. So, you've been a spoiled. your entire life, but I'm an awesome to be honest. So, you know, you might be, but spoiled as well. I I mean, I I don't I I don't disagree. Like, I I know I've been spoiled. But how are we going to make progress. though if your husband is continuing.

that spoilage? But my husband really isn't spoiling me. because. you send him screenshots of your bank. account and then he lends you sugar. daddy money. What do you mean? How? What. are you just you didn't you literally. you said he's take care of you but by. take care of you is spoiling and your. situation and we're probably going to. have to call him on the post show. and let's. let's call him in the post show. Let's let's not even forget that um my. husband. Oh gosh, we have to talk to this guy. We're not getting the full story and.

then you're here alone because you guys. are completely separate. We are. You guys are on nothing together. Not no. accounts. No. And even like utilities. So, no, the. light the water bill is in my name. The. electricity is in his name. Why are you guys over complicating that? He just bought a house, too. He just bought my husband just bought a. This is so weird. And it was an impulse purchase, too. [snorts] But he did it. People who don't even want to get. married can get married and then and. then I'm over here just like.

[sighs]. [gasps]. kidding. Oh, and we had like a great wedding, too. It was great. Sure. You did two years ago. We did. We had a great wedding. Proud of. you. Actually, we had two weddings. Situationship wedding. It was great. Wonderful. Okay. Well, where do you think you are. in the world of finances? Self assessed. Self assessed today. Not trying to think. of the past and how you justified in the. past previously. Where do you think you. are today? 0 to 10. Zero being the worst.

finances, 10 being the best finances. Where do you think you are? We're like negative 100. You you you now. we you you don't have a wei. There's no. we. fine. I'm like negative 100. Did youing hear what I said? I said 0 to. 10. [sighs]. Let's start. Yeah. How did you rub a. couple brain cells? You're obviously not stupid. You have a. master's degree in the world of help. [snorts]. I do have a. Please think. Where do you think you. are? A simp just where you think you are.

today. Just where you think you are. today, assign that to the score. Zero. being the absolute worst, 10 being the. absolute best, five being in the middle. Zero. Okay, great. So, we're on the same page with that. Well, I don't know. I haven't gone. through this yet. If you want your. hammer financial score, uh, it's free. Link in the description below. See where. you're assessed on your finances. Um, and if you want to come on the show, you. come on the show. You're from the. audience, right? Yep. I'm from the audience just like you. guys. Go ahead, apply. Come be on the.

show. We'll have your finances. We'll. have a good time. Then you get to hang. out with all our production team. Have. you had a good time hanging out with the. people so far? I have. Yeah. And the onboarding process. Was it. simple and chill? It was. informative and all that good stuff. And. good. You can go through all that. It's. a good time. Go to caleb.com/apply. We'd be happy to have you on the show. and get you connected with resources and. everything as well, which we'll set you. up with. [sighs] But uh let's wake this. up first cuz this is.

Yeah. This is not We're just having the. right Okay. Okay. Oh, you're going to love this. You're. going to have a great time. That means I'm going to have a bad time. You're You're going to have a great. time. I promise. Okay. Okay. Apple Card. We are sitting. at $3,836.14. Yes. With a $152 minimum payment. make 20 20. bucks an hour. So you'll make $40,000 a. year. What hits your account on a. monthly basis right now? What hits your. account? Do you even know that?

You and by the time I do my payment. and my debt management payment like. debt management? Yep. We have all this debt and we have a debt. management. Yep. Wait a minute. Did you answer how you. paid off 20. uh 21's debt? I I called my Raymond James and just. Oh, you just pulled it again. So you. still. Yeah, cuz I still I. When did we hit zero from the 175? When. was zero hit? October of 2024. So just a few months.

ago. Did that not. Did that not just kill [snorts]. it? Did. you? It should have. It should have. killed you seeing it go down in general. Did you even know it was almost zero or. did you call and they said there's. nothing left? No. Like I kept watch on it. I knew what. was in there. Then why' you keep going. to it instead of like I understand going. to it the first couple times, but then. you're like, "Oh, I'm actually draining. my nest egg. Let me fix the thing that. is getting me into the place of having. to take from it.". I figured that was a future me problem. Future you now. Uh yeah, but no.

Go on, explain. I mean, I would love to know that opinion. That's a future me problem. And. you saying future year is not now. But. the future you problem that you said. future you would have to deal with is. now because that's what you were saying. was I'll I'll get once it hits zero. It's zero. I had I had a sad day uh when that. happened but I was really proud of. myself because I made it last five and a. half years. You are so your mind is.

warped and on that opinion. Uh because. that's your opinion. Yes. When I say things, they do tend to. be my opinion. Okay. Wait. Why are you. so defensive out of this being proud of. this thing? Because that's that's going. to be like a big thorn between us. It is. like Here's my fear. Here's my fear. I. I'll let you explain in a second. I let. you truly try to rationalize this the.

best you can. But my thing is. if you are in a position where you're. proud of blowing through $175,000 hours. while making $75,000 a year for 5 years. is I know some was a little less you. know whatever but even still so like. $110,000 a year blowing through that. like you're living on poverty mode and. that's a congratulations thing getting. to zero. Then what happens if we get you. to a good place out of debt for the. third time and. technically for the fourth we'll get. there.

[sighs]. and then let's we get your retirement on. track. We get you to a big thing. If. that mindset is not changed now you blow. you blow your nest egg again. So. why are you proud of that? I can't have. that be your mindset. I can't have that. for this conversation for your future. I. can't have that. Your futureing matters, dude. I mean, that that's all I can do, right? Cuz like I can't. It's so hard. No, it isn't. That That That doesn't. make sense. No, it isn't. Are you saying.

we can all only act in the present? No, we can act for the future. And that's what I'm doing. That's why. I'm getting ready to go back to school. and change my career. But. really, so that's why we haven't taken. the test. Oh my gosh, you just keep. leading me down rabbit holes. We I was I. was so close to talking about this Apple. card. And. let me let me let me You're really gonna. love this, too. So, you are I hate that. I hate that phrase. Say that again and I willing, you know, we used to have a spray bottle. We have. We used Can Can I have a spray bottle? Cuz I got I need to just like I got to.

spray that powder off of that cake off. the face. This is your This is your. This is you, dude. This is. youring. If you just I hate that phrase. That phrase has annoyed me the last two. times. It is aimed at you. powder will. be flying. So, I'm in my great job, right? So, we're in DC. I got my great job in 2021, making 78,000 a year. I was so happy. Life was great. Never made that kind of. money before in my life.

Uh 2022, um my husband was getting. deployed to Tampa. And. yeah, he was deployed to Tampa for six. months. And it can't [laughter] be the right. Well, they called it deployed in place. Okay. And so I had. deployed in place or stationed. Yeah, he was he was deployed in place. for six months. So it wasn't like it. wasn't like a permanent thing. So I. the terrorists in Tampa. Um so basically I had a hard time in my. job in 2022.

and I had a lot of stuff happen like. where I was working and it like really. killed me. So I ended up. going out. What vagueness? What? So I had my first. anxiety attack on the unit because of. just how the how toxic the unit was. What what his unit? No, I was working. So this is when I was. working at a inatient adolescent uh. psych unit. Okay. So it was too much for you working. at the it wasn't but it got to a point. where it was and I was the only.

therapist on a 15 bed unit. Okay. So you could do that and that's. fine. So, I I started having anxiety attacks. because of how the nurses were acting. because they were they were terrible. Um, and so my psychiatrist took me out. of work and I did have short-term. disability. So, I spent the summer of. 2022. flying back and forth between DC and. Tampa. Why didn't you go to Tampa? I had a great time. I was going to Busch. Gardens like every no. Why didn't you go. to Tampa with them? So, I was still basically done with that.

job. Still working? Yeah. But then you weren't. I I wasn't. But I was back and forth. But you couldn't afford the back and. forth. Why not just go there, stay. there? Well, back then when I had the great. money. Oh, yeah. I could afford like I. was. You couldn't have. You drain the You. drain the account. That's not That's not. the. life will never be good again. Life was great. Life was It will never be good again. It will though. But then. not with this lady. Math is Oh my. Math is not my strong suit. It did take.

me five times to get out of college. algebra. Five times. Yeah. Wait, wait. I failed it four times. What did you fail? College algebra. I failed it four times. and passed it the finally the last time. Uhhuh. So then 2022, my husband is getting. ready to come back to DC and I had quit. my job and had started another one. And. then my husband decided that he was. going to help me out and get me out of. debt again. So that's the that's time. number three. So, um, let me ask.

Took out a personal loan of $50,000. He took out a loan. I thought he was. aing millionaire from the sounds of it. He took out A PERSONAL LOAN. WHY does he have it? Is it that he took. it out? So, does he still have the. personal loan? Does he still have the. personal. Yeah. And are you paying him? So, I was, but then when he got like. actually. actually deployed like overseas, I had. to move. He's like, "We're not staying. in DC." Now, what are you going to say. for deployment? Are you going to say he.

went to Berlin? No, he went to um Aldafra, which is like. an hour and a half from Dubai. So, he. was like, "We're not staying in DC. because rent was expensive. Everything. was expensive." Um, so I was like, "Let. me move back to Mobile with my friends. I'll be happy." And I moved back and of. course I got this wonderful job with a. master's degree making $20 an hour. It's. great. This one. Oh, so you you got it. in Mobile and then you. I did and they're just let me work with.

it. What what what happens to He'lling move. again. He's moving every second of his. life. So he is about to retire. He has put in. his. dude. He is 42. Thank you so much to the tens of. thousands of people who downloaded my. budgeting app, Simpler Budget. It means. a lot. So much so that we wanted to. extend our offer. There is now an extra. week left to get a 30-day trial to. Simpler Budget with a 30-day free trial. to Simpler Budget Premium and lifetime.

access to my new budget friendly. cookbook. On top of that, anyone who. signs up for an annual membership right. now or before February 14th, which is my. birthday, and renews the full price will. be sent a free Founders Edition notebook. upon renewal. All copies will be decked. with our founders edition stamp and the. Simpler Budget logo and signed by me. Just make sure you provide us your. address and your proof of purchase in. the email we send you. Thanks again to.

everyone who's already downloaded. Simplerbudget and you can download it. right now for free at. calebammer.com/app. Hey, 2,400 came in. As you said, you. were pretty close. I mean, it was just. slightly under, but like 20 bucks. Okay, that's fine. How much did you spend this. last month? Um, how much did you. negative? Because like I can tell you my. account. You spent negative. That doesn't make. sense. So you actually What do you mean. you spent negative as in. Hey, how much did you spend this last. month? HOW ABOUT THAT? HOW ABOUT. ANSWERING THE question I asked?

How about I don't even know because I. don't even keep track of it. Dude, your best guess. I just want to. see where you assess yourself. I don't. ask this for noing reason. You are so. complicated for no reason. What do you. think you spent this last month? What do. you think you spent this last month, lady? I don't know. Like 3,000. I don't know. Take a guess. You know better than I do. Yes, I know the number. That. wasn't the point. How are you this like. uh like brick walled in the brain? I don't know.

[snorts]. But like it's just not even. No. No. [laughter] So $2,400 and you say. 3,000 out. Why is it okay to spend $600. more than you make while relying on. dead? My husband takes care of me. YEAH, I KNOW THAT. HE ENABLES your. behavior. Why is that okay? Why is that okay? Why? NOW YOU THINK. WHY? [screaming]. BECAUSE I HAD my grandmother that like. helped me out my WHOLE LIFE. NOW I. NO, YOU'RE JUST TELLING me something.

that happened. Why do you think it's. okay? Because it is. I mean, he's my husband. So, you have no reason. You're not able. to actually answer that question. You. have you are enable. How do you help. people with their problems? So, I do substance abuse, right? So, I. help people who are. You have the substance abuse of money. I mean, yeah, but see, when I'm in my. jobing. spoiled, it's not it's not all about me. It's not. all about me. You're spending life is you spend more.

than you make and you get money from. Denty. Yeah, he takes really good care of me. I stopped saying that and adding that to. the list. The spray bottle list said. that four times. That that that doesn't. answer a question. That doesn't benefit. theing conversation. ALSO, NO. ALSO, NO. You spent $4,000. and you think that's okay like you're. some kind of mature adult. I'm glad. you're not having [gasps]. I am very mature. Have you Have you been able to hear.

the words that are happening in this. conversation so far? because I can't. allow you to believe that it's that's. proud to spend $175,000 in in five years. or $110,000 a month a year. I can't let. you think that you are mature. I can't. let you think that it is okay to be. enabled constantly throughout your life. cuz look where you've ended up while. being enabled. I cannot allow you to. think these things. You continue to. think these things and we will not. actually change it. Just like many. people that come on the show, you come. on the show, you see it from the. audience perspective. Okay, cool. You. come on the show and you think this is. just going to be a numbers game. I.

create the budget, you fix a problem. No, it is those three things added up so. far. Those behavioral mental things, belief things. It is those that if you. do not address, you do not fix, you do. not change your mindset on, you will. continue down this path forever. He will. not be in your corner cuz he'll get sick. of it. You'll get sick of your and. you'll be done dying under aing bridge. I don't think that'll happen. Why? Because of him. Because he loves me. Okay.

That was not the point. He has seen me through so much. How are you taking that as the point? Why are you locking on to that as the. issue, lady? I didn't even That wasn't. the point. That wasn't the point. Just. where's the the ability to think? Where's the. But it's okay cuz I'm going to be a. fancy lawyer one day. It's okay. So, that's the new career path. That's. the question. Yes. getting ready to take the LSAT and. I'm applying to law schools cuz I. Wait, so you're going hundreds of.

thousands of dollars into debt. Yeah, I'm already And let's not and. you don't respect money. You don't. understand money. You have no respect. for the dollar. Look at that. You. casually blow $110,000 a year and you. think that is like you living on poverty. like living on $20,000 a year. Now. you're going to go hundreds of thousands. of dollars a year into debt for school. and you're like that's nothing. And. you're not even good with stressful. jobs. Good luck lawyering. I am really good with stressful jobs. Um, I'm going to disagree with you. there, but.

you told me your story. And you want to. leave this job and everything, but I wanted I've always wanted to do. better, right? So, basically in. I'm good with better, but you're not. doing it in a smart way. Sorry. In 2022. Oh, is this another story time? Are we. going down story central? Yes. Spoiled story central. Go for it. In 2022, it was great because I decided. I wanted to. Everything was great in the past. Everything out, right? Right. And then I wanted to get my ID, so I was going to go be a psych psych. psychologist. Um.

Uhhuh. Yep. I was going to go on and then. now I I applied for a school in San. Antonio and I did not get in, but they. offered me a spot in their M's program. So I accepted and I went to class one. day and it was like, I'm burned out. I'm. done. I I I don't I don't want to do it. So then I got back to my roots because. when I started undergrad, I was headed. to law school. Like that I I that's why. my my undergrad is criminal justice. I.

was headed to law school. And then I had. people in my corner who just pretty much. just told me I couldn't do it. They told. me how hard the LSAT was, how hard it is. to get into law school, and all this. other stuff. Just basically like you. can't do it, right? So now I'm about to. show everybody what I. You're not going to show anybody. You've. never accomplished anything in your. life. You're a complete failure at 39. Not a complet. That's brutal and rude, but it's what. you need to hear. Not a complete failure.

You are just using school as an escape, as a vessel, as a way to not work. As a. way to not confront your issues, as a. way to not act mature. I could be worse. What is this? The Infinity Stone. Collection and Financial Audit could be. worse. Haven't heard that in a second. Yeah, it it could be worse. Yes, it. could. Everything. I could be addicted to so many things. that you didn't even break the rule. You're just pissing me off. Yes, but. it's not about that. Why is because I. could be on my 600 lb life. You think it.

is okay that I have this? Objectively, no. I am not a healthy person. I am. objectively not going to live as long as. other people. If I have this, I do not. have as much energy as other people. I. am objectively unhealthy. Just because. it can be worse and I could be what. Tammy was oning thousand pound sis does. not mean I am in a good health position. Why? Why? You're using now instead of. just using school now you're using that. as a way to justify you being okay. You're probably using Listen, you lost.

100 lbs and that's great. But you. probably use the concept or the fact. that you lost 100 lbs as because that's. a big goal and big milestone as a. justifier for why you don't think you. might need to lose more weight. You're. still objectively unhealthy. You are, you know, when another pandemic rolls. around, who are the people that died? It. was the people like you and me, the. thick dudes, the dudes with tits, and. the old people. Just because you lost. 100 lbs doesn't mean you are still in a. good spot. You are not. You are likely.

to die if something happens like that. and you're not as likely to live past. the age of 70. It's as simple as that. That's fine because I don't have the. money to live past 70. That's not the point though. You don't. have to be defensive. That is not the. point. That is not the point. It is the. fact that just because you are not the. worst does not mean you are good. That's. not how the math works. That's not how. the equation works. Don't allow that to. be an excuse and enablement of yourself.

to be in this position and continue bad. behavior. But it's going to be okay because I'm. only like $120,000 in student loan debt. right now. It's It's okay. Yeah. The other student. own will be a future me problem. It's. fine. But future you Oh, so are you going back. to school to avoid having to pay the. $120,000 right now? No. I Oh, I've been in forbearance and. all that. I have never made a student. loan payment. I've Yeah, I've been in. deferment. Like I've been all all the. programs you can get. No. No. Are you in forbearance or. deferment? forbearance.

Well, I have to. because I sent them because I sent them. my paycheck stub saying, "Hey, I'm too. poor. I can't pay this. I have. Yeah. What if the new administration. doesn't give a about that? I don't know what I'm going to do then.". Yeah. A future problem as. Yeah, it is. As in like next month. As in literally next month. We'll figure out. I know nothing about the new Department. of Education head um future nominated. I. mean, my payments when they try to get. me to pay was like over $1,000 a month. payment. Yeah. And listen, I'm not necessarily.

against you being on an income based. thing or getting forgiveness if you work. for a nonprofit. I'm not against that. It's the fact that you just consider it. to be nothing and future your problem. Like that's why we're just never going. to get anywhere. Like again, through. here, it's just an Apple bill, an Apple. bill, Dutch Bros. Apple bill, Apple. Bill. What are all these things? 1431, $8.45, 648, $4.32 through Apple Bill. What the is that? What possibly even is. that? What is it? Why? Probably games or. um. gems. Gems on your phone. You're gemsing. it up. No, not quite. Um probably like stuff.

from Apple Music. Probably. Oh, wait. What else can you get from. Apple Music? That's not the. subscription. None of these are the. subscription. So, I have I've bought stuff from Oh, Tik Tok. I have bought like stuff to. And then you use Apple Pay for that. Contribute. Like Yeah. I've gotten like psychic. readings and stuff like that. Well, that's contribute. What? Huh? Yeah. Yeah, cuz like you send them. money, right? And they will like tell. you your future. Why'd you say contribute? Because like I contribute to their like.

fund. Like they're going to have money, right? I don't have money, but they're. going to have money. You're okay with not having money. And. it's I think one of the reasons that. you're able to say that and one of the. reasons why you have the mindset on the. student loans and everything that you've. said so far, it's because your grandma. enabled you, then your man's enabled. you. You've only ever been enabled. You've never had to actually worry about. the consequences of money because. someone else has always bailed you out. You've been bailed out three times. I.

hope for I don't want you to get a. divorce from a love reason, but I need. at some point for someone to not take. care of you so you actually finally. learn. You need to go through what a lot. of 18-year-olds learn, but at 39, cuz. this is a joke more than two decades. later. Come on. Oh, and then Apple. store, $179. The is this? Um Oh, yeah. I got new AirPods. Oh, thank thank goodness. You can hear. things. I need them. Yeah, I need them. Okay. Uh interest charged this month.

alone is 84 bucks. Last last year almost 1,000 hours in. interest. It's at 26.74% interest rate. It's a great interest rate, isn't it? Well, what do you think a good interest. rate is? Like 34 something like that. My car loan. No, I said 26.74. But I mean like Yeah, it could have been. it could have been worse. I've seen. people with like 30% interest. No, it's just it's like you it's like if. you if you don't value the dollar, but. it's like what's going to give you the. motivation to get out of this?

I mean, I'm motivated now. Like, I'm. trying to go and you just made a joke. about the interest rate. I mean, like, what do you want me to. like I can't change this right now. Yeah, but right now why why why be. stupid about it though in the. conversation? I mean, like I can't change it like. right this moment. Yeah, but why be stupid about it in the. conversation? Do you not know how to. answering questions correctly? I do. Then do it. Try. I don't know. So, here's the thing. What generation of inbredad are you?

So, here's here's the thing. So, not going to answer that one either. With my Apple monthly payment. So, Apple. was one of the ones that I did not um. close when I went into debt management. That one and my. one. Why? So, my debt management said that. there was a couple they couldn't work. with and Apple was one of them. And I'm. like, "That's fine. I'll keep that one.". And I had somewhat paid it off and then. of course I needed it for gas and. groceries and stuff trying to contribute. and cuz like I try to contribute when I.

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So, now I'm on my husband's Amazon. account and I like what about this? What. is your car that you have? Is this the. one where we talked about the Nissan? So, no. I had a Nissan. I have a Lexus. now. You have aing Lexus? I do. I have a 2022 Lexus. Is it outside? It is. So, well, let's take a look cuz you are. spending $764 a month on this. Let'sing. take a look at this thing cuz this. better be the nicesting car I've ever. seen in my life. It is. Oh, LET'S SEE THEN, HUH? ALL. RIGHT, LET'S GO for a field trip. them.

for700 for $764. a month. This better be the nicest damn. car I've ever seen. That's an insane. minimum they pay me for someone who. makes $240 $2,400. BUT WHEN I got it, I wasn't like I was. making good money when I got it. Okay. How much were you making when you. bought this? 78,000. I got it when I was in DC and I. got it when the car market was doing so. well. My other car appreciated $14,000. And so I put that for a profit. I did.

Which one is it? Cuz I don't see one. nice car. You must not have one. I do. You must not. How expensive is your car? My car I got it. It was 61. Yes. My car is more expensive. Is that. Is that Are we jerking off over car. prices? Well, like I love my car. I'm so like. It's the only car that I ever got. without my grandma. Show it. Show it. Zoom in on the white. thing. It's It's like the only car I've. ever got without my grandmother's help.

or anybody's help. Like, I did it. How the old did your grandma live? She was 91 when she passed away. So, she had a great life. She did not help you. Grandma did not. help you. She did not set you up. If. that's the first car you've ever bought. without someone help and you were in. your mid to late 30s, that's a joke. You. are an adult. actually, you know, I. honestly thought that maybe you're just. being like, "Oh, maybe I'm a little. nervous for the camera. Maybe this is. I'm trying to give my thoughts on the. past past and why I justified it back.

then." But you're not making any adult. decisions in your 30s. You are like. mentally in terms of your understanding. of money and life progress, an actual. child in a 39year-old's body. Just in in. terms of your maturity and mentality on. that stuff. On that stuff. Oh yeah. Like it I mean my grandmother. was amazing. All I had to do was pick up. the phone. Amazing. But she did not actually help. you. I just had to pick up the phone and tell. her, "Hey, memo. I want a new car.".

She got a Lexus SUV. No offense. Even. for the nicest brands, let's call it. Lamborghini. The SUV still just look. like a normal SUV. So it's just like. what was the point? You should have got. You could have got a just a. Subaru something. I don't know. A. Toyota. E. No, it doesn't matter. It would be the. It looks the same from the outside to. everyone else. I'm sure it's a little. nicer on the inside, but. also you can't afford it. This is. But when I got it, when you got it. Yes. But we sometimes I. don't know if you know this, but.

sometimes when our income changes, when. our income goes down, when things. happen, just, you know, here and there, we do something called uh change our. expenses, you know, adjust our budget. everything. When's the last time you ever ever made. a budget in your life? Huh? Oh, I've never made a budget. I like. I've never had to. Okay, but guess you because of the. enablement. Oh my, you're spoiled. It's. like what will this conversation. accomplish is kind of what I'm wondering. then like of your net income that's 31.

32 that minimum payment is 32% of your. net income. That'sing crazy. Going to a. car payment. The money guy rule. Money. Guy rule. My boys Brian and Bo over at. Money Guy. Love their YouTube channel. Very educational, very good. Uh that's. 8% of gross income on gross. I mean, you're probably going down from 32 to. what, maybe 25 or something. But even. still, you're beyond over. Plus, I How. long was your term? Because their rule. is three years. How long was your term? So, I did five and then I refinanced it.

Um. six. Did you get it when rates were at the. bottom? So, I had a co-signer um to help. me out to get like. because you can't do anything on your. own. You just bragged about how you did. that car on your own. Well, I did like I put all the finances. I had to cosign cuz you couldn't get. approved for a loan because finances I I. could get approved for a loan but I. wanted a better interest rate. What's your interest rate now? 6.3. Okay. It's not like like Yeah, look at. this great whatever. Okay.

But my first car loan I ever had was. like 16%. So you owe $32,839.72. Mhm. And how much did you put down again. versus the purchase price? $17,000. The purchase price was 587. Okay. So you're Yeah, I mean you hit. their 25% rule. Our boy Jake has the. value of the car. And I think that I think that um it's. actually like I have equity in it. He's pulling it right now. But when does. the term expire again? Like 2029, I think.

No offense, it did not look that nice. Neither does mine for what it's worth. I. mean, it's just they're SUVs. SUVs never. look. they're never the nicel looking car of. the brand that is a nice brand. But it's Lexus. What does that mean? It's Lexus. That literally means nothing to me. It means a lot to me, though. Why? Because like it's the first car cuz. after my grandmother died, I almost. bought a Jag. Almost. But I didn't.

Why would I want you to buy a midlife. crisis car? I'm not I was gonna get. that's what the like retired. kind of lower middle class guy gets at. the end of the culdevac as a Jaguar. Like what are you talking about? That's. going to be my next one. Jaguar? They're not even cool. What? But I'm happy with my Lexus. I love that. car. That's great. You have a Lexus of. $40,000 a year. It's crazy. The purchase. price of that car was $20,000 more than. you make in a year. Gross. But I got rid of everything that I had.

when I did debt management. Like I got. rid of everything except my car and my. purse. Purse? Yeah, I have a Louis. Huh? I have a Louis Vuitton that I bought. when I was making good money. So when you make a So cuz if I even try. to get your income up, if I try to get your income up, it. doesn't even matter cuz you just spend. the money. You have your lifestyle. inflate yourself up to the rooftop. So. that wouldn't even do anything if we get. you to you have to budget. Please do a.

few things with the resources we provide. you. Go through our budgeting class for. free. Actually build it. Go I would go. through it with the husband as well. But. why not? You get it for free. Make him. go through it as well. Go take the. quizzes. Do the education. Build out the. budget. Stick to it. Go through the debt. class so you can understand this debt. The debt management process you went. through the good debts to utilize. Then. eventually go through our investing one. so you don't up another massive nest egg. the next time you build one up. Go. through it all. You get it all for free. You guys get it for 15% off when you.

bundle all of them together. Or if. you're a part of um our Simpler Budget. app, which download your Simpler Budget. app, okay, download that, build your budget in it. It automatically pulls from your. accounts. It's a simple app. It's what. you need, just the basics. How do you budget negative though? Huh? How do you budget? Cuz like obviously I. have more going out than I have coming. in. Like how do you budget that? We'll look at the end and see if that's. possible. Sometimes you do need more. income depending if you've pushed. yourself too far, but use the simpler. budget app. Okay.

Okay. And then sit down with a domain. financial advisor. It's the people I. use. It's the people our audience use. They get a free session. You get a free. session. Sit down with them. Please. utilize our resources. I'm giving you. this. I've partnered with them for a. reason for you as the guest. Okay? Well, we built the budgeting app, but even so, you get it for free for a lifetime. Also, you never sent us the VIN for your. car as we requested in order to get the. value of your car. I thought it was on the um.

It's not. Autoation sent me an email this morning. telling me that like I have value in my. car. Okay. What did it say it was worth? Um it like I had like $54,500. equity, which I mean isn't much, but. it's better than being. So, it said it was worth like 38,000. Okay, good. Which I mean that's about right. I agree. You're going to sell it. No, I'm not. then this conversation's done. I mean, no, no, no. If you're not willing to do the m most. basic thing, this is as much as your.

income, this conversation is done. But it's not. Here's the thing. No. No. No. No. You know, you don't. understand what I'm saying. I do understand. I do understand. If you're not willing to do that, there. is no point of continuing this. conversation. There is. Here's the thing. What does your husband think about this. car? So, my husband tried to get me to sell. it last year. Then there is no point of continuing. this. We haven't filmed this long enough. to make this an episode, but there is no. point of continuing this. Do you not. understand that? So, here's the thing. No, you No. Why are you not able to.

talk? Because if I Let's say I Let's say I. sell this. Please be willing to sell this. Please. be willing to sell this. If you don't If. you don't, I can't continue. I will not. allow myself to continue this. conversation if you are not open to the. idea of selling this and getting rid of. what I think is your largest debt. You. have to. You have to because you'll have. $4,000 of equity. You're going to sell. it. Very good. You take that $4,000. Maybe we borrow $6,000. You get a. $10,000 car.

Yes. Your class is And then all of a sudden, you pay that off as quick as you can. And then and then we save up. We save. up. We save up after we have a six-month. emergency fund and we're contributing to. retirement to try to get us to a place. where you have the chance to retire when. you're able to take from the taxable. retirement funds in 20 years without any. penalties. And we save beyond that. We. cut back some from some fun and you get. yourself a newer, nicer Lexus, which we can get you to if you follow. our plan. I am not willing to.

continue this conversation if you're not. willing to sell the car. I'll me so I. have to talk to my debt management. program because like I can't do I can't. open like any credit stuff. Oh. So because that's been that's been the. problem. Yeah. [snorts] What we would have to do. in that context then if that's like the. last debt to pay off, we'd have to save. up like $6,000, sell the card, then roll. that $6,000 we saved up and the $4,000. equity position into a $10,000 cash. card, which is honestly even better if. we're able to do that. Okay. Are you. open to that?

Yes. [gasps]. Okay. then I'm willing to continue the. conversation. So, this is a Bank of. America Royal Caribbean card. Oh, yeah. We we cruise. Who's cool? Why doesn't the guy with. money pay for it? Oh, he does. I just got approved for the. credit card with them because. why if he's paying for it? Because here's the thing. I kept getting. approved for credit cards. Right after. he paid off all the debt, I kept getting. approved for credit cards. And it just. felt so good to keep getting approved. So, I just kept applying and kept. applying and kept applying and kept. applying. And here we go.

You are a child. You are a child. You. are a child. You're a child. You're an infant. You do not have the. And we're going on a virgin cruise cuz. that's what I got my husband for. Christmas in August. [snorts]. You got him that. How much did that. cost? So, I only had to pay the deposit and. the deposit was like $500 and I put that. on. So, you spend $2,000 more than you. make. I You put Oh, you put I put it on. firm. Oh, I don't have the cuz I'm fat. the.

energy to. you're so lucky there have been people. in your life who are willing to baby. you. I'm not willing to do that. I'm. willing to give you resources that make. you go into work that make that you have. to work for to benefit from. But I did everything like growing up my. grandparents told me go to school get. your degree and you will. get your degree. They didn't say get a. degree that'll actually return on its. value. No. Okay then going dig them up and slap. them. I miss my grandmother. I bet. I I love.

mine like crazy. I get it. I get it. She. sounds great. She sounds enabling, but. not in an not in an not in an. intentionally bad way. Oh, she was always like she was always. there for me. Like 100%. She was more. like my mom. in in ways that have hurt you. Yes. Not. again intentionally to hurt you. She was. doing what she thought was best. It was. bad. So what's the 523 out on this? 546. Sorry. 54649.

um gas, groceries, and. on a Royaling Caribbean card. You got. applied for the Royal Caribbean card, bought a virgin thing on. stupid Afterpay, whatever. Affirm is great. Affirm. cuz it's so easy. Like I. Wait, why do you like that so much? If. you've had to go through various. forgiveness methods over the past. three three now looking at four over. [laughter].

over five years plus draining okay. draining a nest egg. Why do you like. debt so much? because it has clearly put. you in situations where you've had to. beg. on your knees like aing dog. M not exactly. I mean, I've just had people who were. just there and they just willingly help. Yeah, but they learned about it somehow. You ever feel like you're just burning. money on car insurance? That used to be. me every single month throwing cash out.

the window for a plan I didn't even. understand? Listen, if you haven't. compared your car insurance rates in a. while, you're possibly getting played. I'm talking about paying way more than. you need to. Luckily, Money.com has got. you covered by helping you compare. multiple car insurance options all in. one place. So, you don't have to waste. your time calling 15 companies like it's. 1995. You might take a look and find out. you've been overpaying by hundreds of. dollars. Hundreds. It can take just. minutes to find a better rate. They'll. give you options to compare side by.

side, whether you need full coverage, liability, or just want to pay less for. the same plan you already have. So, if. you're tired of getting burned by fees, click the link in the description to. check out money.com and compare car. insurance options. Stop paying more than. you have to. It's super easy and you. could bump up your monthly savings rate. That's a win-win. This is a paid. endorsement sponsored by Money.com, which is compensated by its marketing. partners. I mean, yeah. Like I tell my husband, hey, you know, I'm I'm in trouble with. my bank and I need money. And.

you need money, so you're asking for. money. You not understand that you. But my husband has it like he. You have a disgusting I'm sure you're a. very nice person outside of the world. It's just this financial conversation in. general, but you have a disgusting. attitude and mindset towards debt. You're addicted to debt. You are. confused about debt. You don't. understand the value of a dollar. You. just get enabled on every single turn. Listen, on here you purchase $46. So, you're purchasing more money than you. put towards it. It's a $35 minimum. monthly payment, but you purchased.

$46.25. and then $1.34 of interest acred. How. long does this take to pay off if you. just do your minimum payments with no. other purchases, no other purchases? Probably I'm guessing probably a year. I. was thinking. 19 months. So, I wasn't too far. 19 months FOR $546. WITHOUT PURCHASING. And you can't not. purchase. Went theing Target and got. donuts and cosmics and peach wave frozen. yogurt. Trust me. Oh yeah. It's not cutting the cows that much.

We love shiplies. What was the point of the weight loss. surgery if you're getting. shiplies? So. endlessly. Not one time. No. Yeah, it is endlessly. So um. what is the point? Yeah. This far out from weight loss. surgery. back. So. wait wait wait. You lost 100. What have. you gained? I've gained like 25 back and. my doctor has me on wgoi and I was. having to pay for that out of pocket in. Virginia but now insurance is covering. it so I don't have to pay anything it up. that's okay but again unless you treat.

it like the way you got through the debt. management. listen those can be again a good tool. but the people who do not fix their. behavior fix your eating habits the. moment you're done taking it or you just. get used to your different levels you're. going to still gain weight. which is kind of like what's happened. But you know, like I'm I'm getting. there. You're you're you're you're someone who. does not who will never change in life. You don't care enough. I do care. No, not enough. Not enough. No. You come.

on. You know budgeting. You know. budgeting would help. Yet you have never. made a budget. How do you budget when you have more. going out than you do coming in? You don't know where it's going because. YOU HAVEN'T MADE A BUDGET. OKAY. WELL, then I need to know how to. make a budget then. Okay, fine. Let's do. that. You could have. But at the end of the day, like I've. been doing the best I can with what I. have. No. No. Not even a singleing chance. You've been doing the best you can. You. don't know what the best you can even.

is. Don't even use that phrase. Shut the. up. You You just don't get it. Like, you. just don't get it. Like, what would you. do if you were making $20 an hour? Like, what would you do? Like, how would you. feel? How would I feel? Yeah. How would you feel if you busted. your ass to get a master's degree only. to come out making $20 an hour? being a. a. cuz like here's the thing. Like hold on. I'm doing everything I can to like keep. my head above water, right? 725 an hour for the longest time. I did too. So what do you mean I don't know what it. feels like? I did that for years. What.

are you talking about? Of course I know. that. It just it sucks. And like I'm here. because like. Why are you throwing that at me? What. are you projecting on? Of course I know. what it's like. I did that. It sucks. No, I didn't get a master's degree, but. I was actually like 40% of Americans who. dropped out of college and still had. $40,000 for it. in debt. Like, what are. you talking about? I'd say that's even. worse. You had a better opportunity. So, shut the up. But it's really not a competition. I'm in six figure debt for a master's. degree. That is. Yeah, but you could at least utilize.

degree to try to get a job. It doesn't. have to be necessarily in your industry. Does it make it easier? Yes. But during. the great job market of COVID, you could. have almost got any job you want as long. as you could demonstrate relative. skills, which is how I got my late hospital job. And I love that job, too. I love that job. And you know, I had. just gotten my Virginia temporary. license when we had to move. Like, I got. it. Oh, this Hilton honors card is insane. I. don't need another story. This Hilton. honors card's insane. So, part of that is my husband's fault. Part of that. what? The guy with the money. How would.

it be his fault? Tell me. So, when he bought the house, of course, he bought a brand new house and it. didn't have your washer, dryer, refrigerator. And of course, when you're. buying a house, you can't, you know, put. anything on credit. You can't do. anything. So, While you're through the. process of the loan getting approved, you mean? Yes. So, we went to Home Depot. $431. a month. Yep. We're done. We're done. We're done. Yep.

AND THAT'S NOT EVEN. You see you see the interest rate and. you see like how much interest is being. charged. So, you Why? Okay. So, he wanted to get. what again? We got We got a washer, dryer, and. refrigerator. But he was going to do it and he was. going to put it on his credit but he. couldn't cuz he was in the process. COOL. SO WHY don't he give me theing. money then to pay this off. So the deal was I was like you know what. I want to contribute. Let me pay half. So we put it on my credit card. and um. marriage. He he gave me his part and I paid I paid.

the 2,000 um toward the card and then of. course I can't pay my my part, right? Cuz like I don't have it. Um so that's. where we are. No. What? That's where we are? Wait, did. I miss something? You paid your 20 Who. owes the 12,447? That's That's me. I owe it. So, what what what was. So Oh, and I want to also let you know. that on that card, I had a friend that. needed help getting a car. So, I put a. $2,000 down payment on her car for her.

to help her out. And she said she's. going to pay me back. Like, we've been. friends [snorts] for over 10 years. When was that? Um, August of 2023. Three. Three. Yes. You're not getting your money back. I mean, she sent me like $100. [screaming]. Oh, and you didn't just give someone. money. You took out a loan on her.

behalf. [laughter] Ah, this card last. year alone accured $3,200. of. interest. Somehow you actually made the. minimum payment, but $310 of interest. acured. $310 of interest acred for sake. This is insane. But I'm getting a lot of Hilton honors. points and I get to stay at Hilton. property. What? What do you mean Hilton honors. points? You're not making any purchases. So, um, all the purchases that I have. made, I have like 151,000 Hilton honors. points. What does that convert to on a.

dollar amount? I don't know cuz I think it's like one. and a half points per and like when I. was making good money, I like used that. card all the time and and paid it off. like. 40,455 points. I was like doing what you have. I was doing great. What does that equal in like dollar. amounts? A point and a half. A lot. But yeah, so we came a couple weeks ago. to Austin and we spent the night in one. of the Hilton properties for free. because of all my points and we're going.

to Boston in in April. Yeah, but you spend more than that when. you go on travel. You're eating. You're. doing. My husband pays for all that. You better. What about the flight? My husband pays for all that. My. husband, that's the only way I will allow you to. do that. However, you should spend the. time working instead. My husband pays My husband pays. everything. Like I literally. That's objectively not true. We've. looked at this. He pays seen your spending. He he pays. like when my account balances like he he. covers electricity, water, we just got a. puppy. He paid for the puppy. He paid. for vet bills like um in part on that.

American Express card. Um that one and. Care Credit and credit one. Oh Credit one. Um I had to I had to put vet bills on. there cuz my dog my old. Why did you have pet insurance like a. responsible pet parent? Um I've heard bad things about pet. insurance so that's why I didn't do it. People are saying that, "Hey, I think I heard things about you. just had to put your pet stuff on a. credit card, so I think pet insurance. would have been better.". Maybe. Uh, okay. Uh, by the way, uh, each.

point, one Hilton Honors point is worth. 06. You said it was worth a$1.50 50 cents. each point. You're like. not only entitled, you're a little. stupid on you don't understand your. finances. Not stupid in the world, but. stupid in finances.

I mean, I've done the math. [clears throat]. You have $243. in points. That's what you got from all. that. It acrews $500 a month in interest. a month. You got $240 in points one. time. But that's $240 that like I get to go. somewhere. No, no, no. You're losing double that on. a monthly basis. That could be going to. staying somewhere twice. I like to travel. Shut the This must be the consolidation.

loan. Yes, that's all my debt management. And. they they did help me with a lot of the. interest rates on a lot of them as you. can see. But it says current APR is 25%. So. that's your good interest rates. on the. next to that the DMP APR like it shows. you like what they got it down to. Your current payment is $1,000 a month. So. you're done. You're done. My. bankruptcy. My debt management. Oh, I almost filed. bankruptcy. I tried to a few months ago, but. it doesn't matter cuz what happened? Hey, what happened? Why did you have to.

um you got your debt paid off once by. taking from the retirement? Why did you. have to pay off debt a second time after. that? Because I didn't learn my lesson the. first TIME. THERE YOU GO. OH, SO IF YOU HAVE TO DO. THIS THE FOURTH TIME, you're not if you. declare bankruptcy right now, you're. going to be in bankruptcy in 2 years. That is your trend. You actually. answered and answer correctly for the. very first time. And if you're able to. acknowledge that, no, you don't get debt. forgiven. You don't do this. You. don'ting do things until you are able to. actually change your behavior. Cuz if.

you get to a point where you're actually. getting help, but you don't change your. behavior, you end UP HERE FOR THE. fifthing time. No, I think this time is going TO BE. SO WHAT'S DIFFERENT? HUH? TELL ME WITH. WORDS AND LOGIC. SO, because I'm making my my debt. management payments, they'll be done in. a few years. And these next few years, you're going to be in your mid40s, zero. dollars in retirement. What a joke. Life. together in our 40s. What a. joke. What a joke. I'm going to have some retirement. No, it's a joke. It's a joke. It's a.

joke. I'm going to have some retirement, though. How? I mean, you're you're saying things, but you're. not able to back them up with anything. So, my long-term goal is once I get out. of law school. Oh, that's a That's right. That's right. Hundreds of thousands of. dollars to for law school [laughter]. because I mean that's why I'm trying to. get really good on the LSAT because that. means I can get scholarships so law. school won't be so much cuz you know law. school's like super expensive. It can be. law school's like super expensive. Like 15 to $30,000 per semester.

Uhhuh. And I sure don't have that kind of money. laying around. You don't have any money laying around? I don't. I have negative money rolling. around. So, that's kind of where we are. A good fix, but you're not. I'm I'm I'm gonna fix it. I'm. gonna Everything is gonna gun. Your. entire life has been gonna But you've. never gonna. You've never gonna. Meaning. now you you were gonna when you were. when you were 20, you said, "I'm gonna". and then when you're 25, you said I'm. gonna. When you were 30, you said I'm. going to. 35 gonna. You're almost 40. And you haven't gonna once.

because I'm too busy. Like, I do a lot. of things for other people. You work 40 hours a week. Shut the. up. So, on one of those, you don't have any kids. Shut the up. Busy. One of one of those credit cards, I. bought my mom a $3,000 scooter. Um, because we were getting ready for our. Disney wedding. AND. DISNEY, [screaming]. YOU'RE DISNEY WEDDING. That. can't be cheap. It It actually was. What's cheap? You don't know the value. of a dollar. So, we did. I just sounded like Beetlejuice. What? We did a Disney cruise wedding and the. package was only like $4,500.

for the whole thing. for just the wedding package and then. our cruise fair was I like 2500 I think. But then you have to get things like. he had to get suits and you. he had a custom made suit. and what did you you must did you have a. custom wedding dress to go with it? So, I didn't have a custom dress, but I did. have a couture $10,000 wedding dress. And then we took pictures at Disney when. we got back, and that was $3,000.

But my husband paid for that. I didn't. pay for that. And the dress. So, I paid for MY DRESS. HOW? [laughter] HOW? [screaming] HOW? HOW? WITH WHAT MONEY? HOW? WHAT MONEY? HOW? SO, when we were in DC, this is when I. was making good money. That's how I was. able to afford the dress. The original. No, no, no, no, no. You don't GET A. $10,000 JUST DRESS ONE PART OF THE. multi,000 wedding. Good value wedding. You don't get to do that with $75,000 a. year. You don't know. It's cuz you. pulled from your retirement fund. It's. cuz you pulled for the nest egg that was. given to you from was it grandma? Was.

grandma the one that gave us the money? Did you give your mom money? Mhm. My mom. Okay. Then why the do you have to buy. your mom a little scooter mobile? Because my mom apparently didn't have. any money left. You both. You both have the same. I need to have. an audit with her. [gasps]. You do. How generational incest. What? She's like 63. Is she morbidly obese? Mhm. So is that's why she's. get like.

she can't she's got a lot of health. problems. which is what happens if we get morbidly. obese in our 60s. You're headed to your. 40s. She's got knee problems. She's got. which is what happens when you're. morbidly obese. She's got all kinds of. problems, which is what happens when you're. morbidly obese. So, and because her scooter broke like. the weekend, two weekends for our. wedding. Well, because she's morbidly obese. and Yeah. So, I bought her a scooter and. she was going to pay me back and she. didn't. Oh. Oh, that hasn't happened ever in. your entire life.

I just threw my thing. My only thing. helping me through this. It was It was. great because like we had our great. wedding and the pictures were great. Where's the debt for that 10,000 or you? So you had to have taken out you either. took out debt for the wedding dress or. or you paid for it in cash and then all. the other things that you normally buy. with cash you put on debt. So I didn't. So basically um. but they went on debt somewhere in some. way. It I didn't though because when I was in. DC this is when I was making great. money. You weren't making great money for DC. I.

so I didn't have to pay for it all at. once. I had to put a deposit down and. then I just made payments like every. time I got. that is a debt you. but I didn't I didn't put it on a credit. card. That is still debt. You what? You think. credit card is the only debt? I'm. [cough]. [cough]. But I didn't go into debt. You you you just we we just defined it.

Yes, you did. But I didn't put it on a. credit card. that there there are more debts out. there than a credit card. I disagree. But okay, but debt debt to me is just on a credit. card, right? But but that's not true. That's just one. of those endless things in this. conversation that I need you to change. your mind on. Why Why come on the money. show? The money show where we talk about. this and and I say something's a debt. and you say that's not true. So, I guess. for the longest time I've kind of been.

in denial. No. And I really do want to change. I just. don't know how. Uh maybe start with listen to me. Okay. Someone who's done it and has helped. many thousands do it. But my wedding dress was so pretty. I get it. These are the sacrifices we. make. We do the sacrifice game when. we're getting out of debt. We give up. some of the things that we want. Not. saying you can't have the wedding, but.

maybe we're not getting a $10,000 dress. in the wedding. Listen, and that was the second wedding dress I. bought, too. I had a dress when we. eloped in Vegas. I had a dress for that, too. You were already married? Mhm. We [snorts] eloped before he went. to Tampa. And yeah, you guys really aren't married. anyway. So, maybe we need to have a. third one. $2,352. out on this card. with a. $80.96. minimum monthly payment. You have to be.

receptive to this stuff for me to. continue. Are you receptive? Yes. Promise? 100%. $2,352.93. Uh oh, it's a American Airlines. advantage. Good. [clears throat]. Oh, because the airline miles. Don't say any words. I really don't fly. with them. I fly with Southwest mainly. Well, I'm glad we have $2,352.93. of debt. They were giving them $80.96 of. minimum monthly payments for aing one we. don't use.

for fees. We had fees. $90 fee. It must. be a plan fee. And then $43 of interest. acred last year. Capital 1 Quicksilver. Oh yeah, I have that credit card. It sat empty for a long time and then. yelling at me. Is it? It keeps going. Are you okay? Yeah. Are you about to ri all over theing? [laughter]. No. $7156. with the $25 minimum payment. 6687.

purchase. $17.17. of interest. Target. Oh yeah. What is happening to you? You are. seriously dying. I don't think the mic's. picking this up, but are you. transitioning. into a creature? No. Are are you about to Did you take the. substance before this? No. [laughter] Are you becoming your. greater and better self in front of my. eyes? I think so. Okay. $134 interest. Here's credit one. Credit oneing sucks. You know you're in. the bottom of the barrel. That's That's.

how. I've had that card since 2015. Yeah. By the way, feel like a long time. Fun fact, close all your accounts right. now. Boom. There it is. Got it. Instruction number one. You said you. wanted help. There's your help. Okay. Okay. You got it. I got it. Okay. It's almost maxed out. That's only. I mean. $100 of interest. Shut the up. You can't ask. Shut the up. No, I'm. not surprised by anything. Listen to. your language. Listen how your behavior. Listen, if you're going to use a credit. card, you can use a debit card called. the Fizz card in our resources section.

Just like everything else, it's a debit. card, but it builds credit and you still. get the rewards. But you can only spend. what is in your checking account. Okay. But I like the buy now pay later. I know you do. It has not worked out. Your stomach is still making sounds. Raymond James. What is this? 100. Wait, what is this? 191,000. That was my um. Oh, this is what it was. Look what it. could have been. No, no, no, no, no, no, no. It wasn't. 175. It was deposited $226,000.

You had 50,000 more than you even told. me. You blew through a quarter million. You blew through a quarter million. dollar. This would change everybody's. life there. You have to get to like a. hundred millionaire status for a quart. million dollars. Not to the matter at. that point. This would change everyone's. life from the producers's life to your. life to the person on the street to my. life. And I've been blessed enough to be. pretty darn successful. A4 million is. lifechanging. You can do so much with.

that. You know how much I could grow. this business with a4 million is hidden. right now? I was supposed to get more. I'm glad you didn't cuz it would be. gone. You're a spoiled brat. I think I would have kept it. I What? How can you say that? You went. through a quarter million. You're so. defensive for no reason. You're so def. There's There's no suggestion. There is. no suggestion that.

you have to do law school cuz again, there's no point. What if we make a. plan? Doesn't make sense to go to law. school. That'll be a full-time job. making $0 and going in debt. No, law. school I'm doing part-time and it's. online. So, what is that going to take? 10. years? It takes [clears throat] four instead of. three. Um, how part time is that really then? So, you do classes Monday, Wednesday, Friday. So, how are you going to be able to. work? So, my job I work 5 a.m. You hate your. job. I do, but I'm going to have to hold.

on to it. Like, that's that's why I'm. I'm I'm having to stick it out. Like, I. literally don't have any other choice. No, you you really don't. You really. don't. You you really don't. Maybe you should get an accounting. certification through course careers. There are boys that you can put on. resumeumés. Just Yeah. And more. resources. I just want to give you. access to everything, but at least it'll. teach you how to make accounts. Just go through a budgeting program. That'll be good. Actually, never mind. You're doing law school. You don't need. that. Maybe we'll gift one to the. audience.

I did not expect this. I just didn't I. didn't know what to expect. I really. thought this conversation was basically. like we've hit the bottom of the barrel. There's no way. You ended with negative. $587. in your checking account. This is a. joke. You are 39, but you're acting like. you're 13. But it's going to get better. I I I I'm. It's It's going to get better. Like, it's it's going to change like. today. Jake, for a second, I'd like you to gl.

grab her uh slider and [snorts] take it. to zero if you would be so kind. Your. participating in this conversation is no. longer required. Shut the up. You're not being picked up right now. You have no audio. You're muted. You're. done. But it's not even fair. You're not being picked up right now. You're not even being picked up right. now. Not even fair. You blew through a. quart million dollars. It's no fair. Let. me I want to help you. You keep saying. you want help, but then you hit me with.

just the most childish immature thing. You're dashing. You're dashing. in. Apple cash. Apple cash. PayPal. Dutch Bros. Pizza Hut. Serious XM. Serious X? We're not in theinging the. 2005. What are you doing? PayPal. Starbucks. You're not being picked up. You're not a part of this conversation. You're not being picked up. They can. only hear me. Ulta Legion. The PayPal. PayPal. PayPal. PayPal. Mama Margies. Oh, there's an overdraft of $35. Shut. the up, lady. Bath & Body Works. Wisely,

idiot. Shut. You're not being picked up. No one can hear. You can tell me. whatever you want. No one will hear it. PayPal, Pizza Hut, Netflix, Discovery. Overdraft fee. Overdraft fee. Overdraft. fee for this month so far. Disney Disney. mob. What the is a Disney mob? PayPal. They still can't hear you, so I don't. give a overdraft fee. Overdraft fee. Overdraft fee. So, what do we have? Four, five, six, seven, seven overdraft. fees in one month. I I I Oh, $770 of overdraft fees this.

year so far. There's I'm I'm I I I I I I. You can You can bring her up. You can. bring her up. You can turn You can turn. Oh, well, maybe I shouldn't allow. But you don't even like I'm doing the. best I can with what I have now, right? Like I can't go back. not with your health or your finances or. anything. So, that's just I I don't mean. it to bring it back to that, but it's. just another example of our lives. I'm. not doing the best I can on health. But.

I'm acknowledging that and I'm I'm. willing to acknowledge that. But I'm. doing the best I can on my finances and. I have and I fix my life. If I don't. acknowledge things, if you're just. living in delusion, you're never going. to get anywhere. Listen, if I build a. budget, it doesn't matter. You're going. to go to law school and the law school. is going to cost more than anything. We. can't build you a budget. There's. there's nothing to be done here. And. they hate it when I don't build a. budget. And so do I. But it's just like. you spend a budget. We can build a budget. We can build a budget. There's not. I still have money coming in. I still. have money coming in. Like I'm still. going to have my job. Well, okay. Well, let's. And let's not forget that I'm going to.

have student loans coming back, too. Huh? I'm going to have student loans coming. back from back. Yeah, cuz like in in my grad school, I. took out the the max I could every. semester so I could have like money. coming back so I could. Let's film the post show. That's that's. that I [clears throat] can't I can't. deal with that logic. Sit down with the. resources we gave you. Maybe they can. get across from you in a different way. I've actually tried to be more chill in. this and just like give it to you cuz. usually sometimes I think people need. the wakeup call. So, I go intense, but. you you're just you're lost. Your.

mindset on this is so broken. And you. thought this show would fix you by it. being a number problem. It's not. Your. your maturity levels, your view on this. is so out of whack that it is done. That. is done. And this is youring neighbor. coworker. Everyone's apparently. psychologist too. This is youring. Listen, I'm going to be a lawyer. It's okay. I'm. going to be a lawyer. I hope so. I hope so. And then I can come help you one day. Yes, you might be good at your job. You. are bad at finances and you are not. willing to listen and you're being. unproductive. You're not. You're not.

You're simply not. Your worldview and. everything is wrong. Your worldview and. everything is wrong. Stop it. Stop it. Stop it. Hammer financial score um um. embred. And if you want our come join us. in the post show. We'll at least have a. more good time there. I'll get out of. the bad mood because we can just have. more fun. But usually we we learn about. something crazy that Lindsay knows that. I don't know because Lindsay knows. everything about their lives. And uh. join the elite for more value. There's a. call-in show where you can call in and.

you can talk to me and get my take on. your situation. Whatever it is, if it's. life, if it's drama, if it's, you know, if it's finances, join Elite. See you in. the Financial Auto Show. My name's. Caleb. How are you? I'm well. She's been bailed out. Bailed out. Bailed out. Her car payment fell through and I'm. thinking like I just sent $500. yesterday. So, your car payment fell through today. She got a cosign with her ex. when she was married with you. She. brought in her ex to cosign. Yeah. This is. to watch the financial audit post show.

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