$67,000 Of K-Pop Debt | Financial Audit

You have $10,000 of BTS merch in your. apartment right now. $10,000 worth. sake, dude. >> I had about $60,000 in it. >> Oh, no you. No, you did not. $60,000. would have been $1 million. Sign up for the new and improved. Dollarise budgeting app. Take the free. trial and if you like it, sign up for. the annual version to save a ton of. money and get my budget friendly. cookbook signed by me and mailed. directly to you. And for a limited time. only, if you want to bundle all of my.

educational programs together with the. budget app, join Dollarise Central and. save 80%. Take the trial and learn more. at dollarwise.com. My name is Presley. I'm 27 years old. from Houston, Texas, and this is. Financial Audit. >> Well, thanks for coming over to Austin. What do you do in Houston for a living? >> Uh, I work at a large retail chain in. the mall. Um, and I am one of the. managers there. >> A manager. Okay, very good. 27. Manager.

retail. Okay. Is this what you want to. do? Retail. Not bad. There are career. paths. I want to make clear that I'm not. talking down on retail by any means. Just more when people think about what. they want to do. You know, here like. retail. Is this what we're trying to do? I have to ask out of the gates cuz 27, right? >> Yes. >> Okay. >> So, um, it's actually really funny. Um, I originally when I was younger wanted. to go into baking and so I actually had. my own business. Um, and I was baking.

>> You had your own business? >> I had my own business. >> When did you have your own business? >> 17, 18 years old. >> How long did that business last? Are we. counting that or is it a lemonade stand? >> Lemonade stand kind of. >> Then then that's not. >> So um, but I it was really funny to me. cuz I swore I would never get into. retail. Um, but I needed to get a job. I. needed to start, you know, being an. adult at 18 years old. >> And what do you make in this retail. position? >> Uh, in my current one, um, I make. >> current one. Yes.

>> 67. >> 67 what? >> 67,000. >> That's great. See, wait, what? $67,000 a. year. >> A year. Yeah. >> Good. Look at this, guys. We can do. retail. You can make a living manager. So, like general manager. >> Uh, yeah. So, we have um in my uh store. we have sales managers and then you have. like the merchandising operations. managers. I'm one of the sales managers. Um and then so the bring home on that uh. cuz I know you'll probably end up asking. that. >> take home on a monthly basis. >> 4,300 a month.

>> Good. How you living in Houston with. that? >> I'm okay. >> Um are you. >> not not good enough because I'm not on. the because I'm here right. >> clearly. >> So, um. >> what's going on? I like to spend. Um I. do. I was thinking about it on the way. here. I was like, why do I spend so. much? Um. >> why do you spend so much? >> I like to get things. Um and then I also. do. >> um kind of like you know in gaming when.

you have like the micro purchases. I. haven't gamed in a while. I haven't. game. >> That's not what I'm freaking out about. I'm freaking out about the micro. purchases. What? >> So like even on the way here I was like. I. >> you micro purchased gas? What do you. >> No. Um, is that possible? >> I I forgot. Um, well, I didn't forget. Uh, I ended up getting a migraine on the. way, so I stopped at a gas station and. some eedrin this morning. >> Are you okay? >> Yes. >> Well, migraines are horrible. Okay. I'm. glad you feel like that. >> Eedin is my best friend. >> Okay. Well, that's not bad. Why would I.

criticize that? >> Well, no, you wanted to criticize that, but like I I will. >> Hey guys, if you're sick, you die. What? >> No. No. So like um I I couldn't even. tell you what I bought in the last week. kind of thing. >> How many are you staffing places and. just swiping? >> Um probably too much. Like again I work. in the mall and so like every day. >> much. Self-reflect a little. >> At least once or twice a day. >> Once or twice a day.

>> Yeah. >> That's relentless. That's insane. I it's. just like, you know, I forget like um or. it it's not so much forget, it's just. like those little things like the other. day. Yes, it's a need, but um I have. plenty of conditioner at home, right? But I also ran out of shampoo, but I'm. I'm one of those people that I for some. reason believe that like your shampoo. should match your conditioner. So, when. I went to Walmart to pick up shampoo, um. I couldn't get the one that I usually. use cuz my curly hair, right? Um, so I.

went with the main entail so it could. be, you know, a little bit cheaper. Um, but I got the shampoo and conditioner. even though I have plenty of conditioner. of my normal conditioner. >> How much did you spend on that? >> Uh, that I mean main entail was about $8. total. >> Okay. So I guess. you applied for me to tell you to stop. spending. Well, it it more so like stop. spending, figure out my debt so I could. pay it off because like I actually.

applied for y'all and JG Wentworth on. the same night. >> JG Wentworth. >> I I don't know exactly how it works. And. so when I applied I was just like I. would just want them to call me back so. I can figure out what their steps are so. I could figure out if it was a solution. for me or not. Um because I'm I'm kind. of habitual, you know. I do have some. loans to pay off the credit card debt. and then I racked back up the credit. cards. And so I was like, >> well that's so you would do that again? I'm confused. Why would you want to do.

that again? >> The the goal is to. >> the goal. But come on, you didn't you. didn't fix. Did you fix? >> No. >> Exactly. Like you didn't change your. behavior. If you change your behavior, you probably wouldn't be on this show. So why would you try to take the same. shortcut that you already took? Listen, we know what comes in. What did you. spend last month? What did you spend? >> I don't actually know. >> Of course not. But payroll was $4,216. You also had $200 to sell. So, it's. about that three $4,300 that you. suggested. Good. Come on. What was your. outflow? We know your inflow. What was.

your outflow? >> Probably. 5 to 6,000. >> Okay. Well, that's insane. Why would you. apply for a consolidation when you're. spending one to 2,000 more than you. make? >> Oh, >> because that just means you're you'll. have double the debt again. Yeah, that. that's what I'm like I'm trying to. figure out because it's like I have. moments that I was good with my uh good. with my spending, good with paying. everything down. Didn't make all the. best decisions in order to pay it down. Um but you know, I paid it down. I was.

good. And then. >> we're good. But again, if you spent. a,000 to $2,000 more last month than you. bring in, why is that a time to. consolidate your debt? Cuz you'll just. build it back up again. >> Just trying to figure out what to what. to do. And that's where I was like, "Oh, let me apply to this." And then, you. know, I'd seen some of your shows and I. was like, "Let me apply to this and just. see what happens." And then I happened. to get the call. >> Why haven't you tried to use the budget? >> I I was at a point that I finally got. back down to like every statement I was. paying off my credit cards.

>> Well, by the way, I will say what. actually went out was $7,1514. >> Okay. That that Yeah, I did not expect. it to be that high. Um. >> almost double. >> what I bring home. Hold on. >> Yeah, almost double. What the? >> Yeah. >> For what? For what intent? If you said. you were better off, when were you. better off? Cuz I'm not seeing any. indication of better off. This sounds. like you're going in a horrible place. >> Right before I moved out is when I was.

better. Um, >> when did you move out? >> Last October. >> from Bam. >> Yes. >> Okay. Good. >> Yes. I I was like, okay. >> How did you allow that to go completely. off the cliff? office and that the whole. point of getting independence is to be. independently well off. >> Exactly. Um and so I was good and then I. got my puppy um because I could not live. alone at that point. I was like I need. something to. >> Maybe you could have afforded a puppy. but why is that the issue? So then, you.

know, getting back into the retail. position, going into Christmas, um I. would come home really late and in the. apartment, my my fire alarm goes off. like every time I cook and so I. >> What does this have to do with the dog? >> Well, so I always want to come home like. immediately to go back to my dog, right? Yes. Um, and so no matter what, like I. she just happens to be there, but um I. would end up door dashing at night.

>> You're using you getting a dog as an. excuse to door dash after your shift. >> Well, no, no, no. The. >> this is a cope. Out of all the copes. I've heard, that's a mega cope. Well, the the whole point I try to get home. and then I would no matter what I would. I like I have a whole thing of um burger. patties in my freezer, right? That I. could just like throw on the throw on. the. >> That doesn't sound very healthy, but. okay, continue. >> No. Um but if I if I end up cooking it. on the stove, um my again my fire alarm.

ends up going off in the middle of. >> it in the oven, which you can do. >> Well, again, my fire alarm still goes. off. I don't know why. I've already. tried to get the apartment to fix it. >> Take the battery out while you cook. >> That's one of those things like. >> one of those things that took 5 seconds. to think. Yes. >> Well, I I'm kind of weird in that aspect. of I didn't know you're a ginger. >> I didn't know like if you took out the. battery or not if it would like somehow. signal to the apartment complex that you.

took out a battery. I don't know how. these those things work. What you think. it's you think your apartment complex is. Germany or the Soviet Union that's going. to storm in? >> It's my first apartment. So, I didn't. know if it could be like a potential. that they're like. >> look it up or ask anyone. Like I don't. really know. >> No, I didn't. >> Okay. That is such a cope to get Door. Dash constantly. You're saying all this. that is Door Dash. So you moved out, you. got a dog which benefited in no way to. the story. And then you.

door dashed because apparently, you. know, you got a dog, so I have to Door. Dash. Interesting. Uh, and that's why we're in debt. This. doesn't This is not making sense to me. >> When I had my last job, I um I had a. great 401k there and I. >> Wait, what was the job? Let's get some. baseline. >> Another retail job. I was a man. >> What was your 401k? Was is the. concerning word. Yeah, I had about. 60,000 in it. >> Oh, no you no you did not at your age. You were at 26. Wait, when was your last.

job? >> Uh I I never not had a job. Once I got a. job. >> When was this job? >> A year ago. >> that you had So you were 26. >> I was Yeah, I was 26. I had Cuz when. >> And you had 60,000. >> Yes. That was good, right? Was. >> better than me at 26? I was negative at 26. >> I uh. >> No, no, no, no, no, no. Shh. Quiet. Quiet now. Quiet now. >> What are you laughing about? >> Uh yeah.

>> Huh? >> Uh that's just um I sometimes laugh at. myself. Sometimes that's the only way to. get through. >> Dude, that's 39 years until 65. Do. compound of 8% which is the entire. average yearly return of the entire US. stock market since the beginning of it. to right now today. $60,000 would have. been $1 million, which is what you lost. $500,000 in. today's money. >> Mhm. >> After inflation, but you lost $500 in.

today's money or $1 million. $1 million is gone. >> Yeah. >> Wait, did you take it? Wait, what did. you do with it? Maybe you didn't take it. out. Sorry, I'm jumping the gun on this. >> No, I did take it out. >> All of it? >> Yeah. >> The what? And where is it? Where is it. to show? >> Um, paid off. um my loans at the time um. >> of which we racked all the way back up. which you're then going and applying for. consolidation today. What are we doing? >> No. What are we doing? >> No. So like I paid everything off and.

then um I had put and I was again smart. for a moment because the what I did take. out. >> Hi Joker. >> I made sure to put into a CD everything. that I knew would be taxed. Um, so I. didn't like go into debt from being. taxed or anything. Um, I I put that in a. CD, so I couldn't even touch it because. I do know some of my spending habits. Um, didn't touch that until, you know,

tax time rolled around last year or. earlier this year. Um, paid off the. taxes from it cuz that was like uh. $6,000 uh in taxes for taking it out. Um, and then yeah, the rest of it went to. paying things down and then getting um I. had already saved up some other money as. well for moving uh cuz I had already. planned on it. Um, but then of course I. bought furniture but paid off the. furniture immediately afterwards with.

that money. That's crazy. A million dollars gone for. that. >> Mhm. >> Do you not realize? >> I don't think I always knew what or knew. how the 401's worked. Um, and I. >> It's not 401's, dude. It's just. investing. It's not about the 401k. Yes, you had or because it's tax advantage, you had early withdrawal fees and you. know, you're taxed at your income, but.

even still, it's the couch. the couch. >> and what else? >> Hm. >> Lindsay says two rugs. How much did you. spend on all that? >> Uh, I really want to say it was like. 21,000 on a couch and two rugs. >> 21,100. No. Oh, crazy. Lindsay's. correcting your math. She is 7,000. >> It was 7,000 total. >> 7,000. >> from everything she collected from you. >> You still live alone independently? >> Yeah. >> Can you? Are you kidding?

>> Probably not at this point. I I do my. lease ends in December and I am probably. moving back home with my parents. >> Will you be 28 at the time? >> Yes. >> You'll be 28 moving back home? >> Yep. >> I don't know. This is not what we want. in adulthood. >> No, it's not. >> Listen, when life gets rough, it is okay. to have a support system. I'm not. advocating against that. But the fact is. it's all because of your behavior. It's. not like life didn't come and hit you. >> Yeah. No, you got a dog. get that. >> and have a fire alarm which means we.

must go Door Dash and get ourselves into. debt and pull out and lose a million. dollar a million dollars down the drain. >> Um potential cuz I I I do feel like. 401's fluctuate. Um but I am. >> starting no no no no no. If it's the. overall stock market, yes, you go up 30%. when you're down 20% another year. It. averages 8%. So we did the average. This. is what the stock market has done on. average all up years down years combined. since it was literally created to now.

>> is 8%. S&P 500 is closer to like 12%. I. was conservative and said 8%. You. probably lost about 15 uh $ 1.5 million, you know. >> Yeah, that's a lot to lose. Um I am. going back into my 401 now, but not as. much as I could get matched with my. company. Um. >> Well, I know you're getting back in. It's just talking about what you lost. all for the sake of a couch rug and. consolidation of what you brought all. the way back up again. >> Yeah. >> How much did you um Okay, so we're sure. we're Door Dash and we're going crazy.

All this good stuff. Wonderful. Wonderful. Wonderful. How much did you. spend last month on going out to eat on. food? Food? Not groceries. Not. groceries. [ __ ] food. How much? >> I don't remember. >> So, I'm talking self-reflection. What. you think? I know you don't know the. number. You don't budget. You don't do. any of that. >> What do you think? Probably 3 to 500, >> dude. It was 700. >> 700. What is your debt situ? How much. debt do you have? >> Uh,

total debt. >> Including like the car and the student. loans. >> Yeah. Which is debt? >> 60,000. >> It is almost 70. Dude, you don't know. your numbers. You have almost $70,000. >> Mhm. >> Um. >> almost $70,000. Almost $70,000. 1% of. that every single month is spent going. out. 1%. 1%. >> of seven which is like. >> that could accelerate you immensely. immensely. That could accelerate you.

>> I'm going to be really honest. What do. you mean by accelerate? Like. >> Hold on. Also, I think I'm That's 10%, isn't it? No, that's No, 7,000 7 1%. Oh. my. >> I had to think about that, too, cuz I. was like 7,000. Hold on. >> What are you doing? >> Um I I just like I said I you know and. I'm working in the mall. There's a whole. food court and like I think about making. my food at home when you know. >> I'm glad we think about it. >> When it's daytime and I'm not annoying. my neighbors. >> What time do you go to bed? >> Uh depends on whenever. >> annoying your neighbors. >> Well, cuz the fire alarm.

>> I plug it. >> Report it. Report it to the people. >> I did report it and they said they came. and desensitized it or whatever. >> Report it again. Report it again. >> It kept going. But um so sometimes I'm. like, "Oh, I'll bake during the day.". And then just reheat it in the microwave. cuz the microwave doesn't make it go off. and then I, you know, get up too late or. something. Again, like my being in. retail sometimes I don't get off until. 11:00 p.m. Um and then other days, you.

know, I get off at 5:30. Takes it about. >> meal prep. Meal prep. Meal prep is. microwaving, dude. It's microwaving. That's all that is. That's all it is. Listen, >> you had $50,000. You had like a $50,000. net worth a year ago. >> Mhm. >> Incredible. Nah, maybe it was like 25. cuz you used some of it to pay off that. Now you're negative $70,000. That's your net worth. You went from. positive net worth at an age when almost. no one, median average, whatever you.

want to use, almost no one is positive. net worth. You were well ahead of. everyone. Well ahead. You were going to. live an upper middle class lifestyle at. retirement. Upper middle class. and you. it and you have nothing to show for it. Little bit in student loans. Other than. that, there's nothing. Uh uh a car where. you probably have negative equity gone. >> I think it is negative equity cuz I got. I got all the things when I got the car. >> Lindsay is saying when you pulled it. out, you also set money aside uh for a.

trip. >> Yeah. >> For a trip from her 401k, penalties, taxes. For a trip. What trip? >> Uh that was one of my Let's see. Um that. happened last year. So, yeah, that was. um one of my concerts. >> Oh, she just typed a note that's going. to make me kill myself. Please continue. >> It was It was a K-pop concert. >> Good. Good. Wonderful. And then she had. about 5,000 hours left from the 50. Good. What did she use it for? Oh, an. emergency fund. And that immediately. went to Christmas presents. >> cuz I would buy the things and then like. I said, I was paying off the statement.

balances and the statement balances. added up to be the 5,000 and I just. >> a $5,000 Christmas. Well, >> $1.5 million for a $5,000 Christmas, by. the way. >> Yeah. Um, >> I'm dead. >> You know, I got my parents some nicer. things and then I got my friend. >> Hold on. Hold on. I think I'm getting. just with I think I'm just getting with. right now. What did you do two months. ago? Cuz I don't know. Telling me you.

did something two months ago. >> I went to another concert. >> Okay. Okay. >> Um, >> no. She's saying that's not what you. >> Wait, hold on. I'm trying. Look. See, I forget things. Um, what did. I do two months ago? I. >> sold old stocks you owned with a. previous company again. >> Yeah, those that was about $7,000 in. stock. >> What the is happening? Why? For why sake, why?

>> So, you had almost $60,000 in retirement. at one point. >> Yes. And then I had the additional uh7,000 in. stocks. Dude, why the did you sell it? Cuz again, you. have $70,000 of debt. Why did you sell. $7,000 worth of Did you Did the $7,000. of stocks, did they go up in value. before you sold them? >> Yes.

>> Are you ready to pay taxes on them? cuz that was. >> that one I didn't think about. >> Where did you sell them from? And what. type of account? Like Robin Hood or. >> uh No, it's through Fidelity. >> Fidelity? Well, was it just an. individual brokerage? >> I really want to say so cuz it was an. >> Was it an IRA? >> No. Uh. >> pull up your Fidelity app for me and. bring up that moment.

Bring up that monthly statement. Oh, >> whatever month that was. What the [ __ ]. are we doing? >> And you used it to go to the concert. >> Some of it. Yes. Just to make sure I. wouldn't like. go over limit on my credit cards. >> Oh, for sake. You're $70,000 in debt, dude. >> I'm sorry. I I make noises when I think. and process things out on my phone.

>> Okay. The individual has gone down her. individual account to $21. >> I don't know how there's still $21 in. there, honestly. But I guess that can stay there for now. >> Let's talk about student loans. I know. it's something we all avoid talking. about, but if your private student loans. are crushing you, Y refi might be. exactly what you need. They don't rely. on your credit score alone. They look. for borrowers who have the desire and.

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and get your finances under control once. and for all. From almost $60,000 to $21, ladies and. gentlemen. What month did you pull out? >> It should be July, I think. >> Oh, that's such a time to sell. What did. you do? I don't think you're going to. have capital gains cuz when you. originally got in. >> Oh, >> she invested about 9,000 and then she.

sold when it went down to seven. You. sold down. >> I did. >> And I highly doubt you're going to tax. harvest those losses. >> No, that point I really thought it was. up. Maybe it was just up at the moment. >> You can. >> I'm not a I'm not an investor. >> For the day, maybe you It's not about. being an investor. You just have to. look. It tells you. It just tells you. It It literally just tells you. >> I I've never never exactly understood. all the investment portions of it. Um.

>> No, it just it tells you that you're up. or down. It just tells you. >> Interesting. >> Oh. sake, dude. What have you done? Oh, for. the sake of And then where' the rest of. it go? Use the concert. Okay. Where' the. rest go? >> Paid down cards that I racked up again. Great. So, and then you apply to JG. Wentworth. JG Wentworth, huh? That's. what we're applying to. >> I don't know how it works. And again, I.

just wanted to see to see if it might be. a better way of figuring things out than. just getting another loan to consolidate. because like, you know, they do say that. you could like maybe only pay like half. of your debt, but I don't know how they. do that. And if it was going to be like. bankruptcy, I would be like, "Nah, that's not for me. I don't think." Um, so I just wanted to see their processes. and have a better understanding cuz I. don't think it's. >> so many times though. You've done this.

so many times, but now you're actually. just going to use debt to do it instead. of pulling out from investing. >> It's going to be even worse. >> Is it? >> Consolidations are not bad. They are not. bad. They're actually a really good. tool. >> Okay. when you change your behavior. Look what you've done. Every time you've. consolidated in a way. >> Yeah. Every I. and it's not even like I've consolidated. just a few times. It's probably been. since.

>> how many. >> how many. >> I'm trying to think back because. >> how many possibly. >> I graduated in 15. So I got the first. card in 16. So I probably started doing. consolidations in 19 I think. >> But how frequently? How frequently? If. it's like one every four years like uh. then yeah it's a couple you know. >> probably. probably one every 3 years. is maybe. >> 2019 that would be two.

>> Oh no that's more than that. So. >> how many has it been? Just how many has. it been? >> Probably probably four or five. consolidations. cuz sometimes I would pay off the. consolidation a bit early too. But that'd be in order to get another. consolidation. [Music]. Oh, >> every time, like I said, I try to get. better and then I like fall short.

because I'm not good at the budgeting if. that's not obvious. Um, and so it's. like, you know, if I want to use like a. budgeting spreadsheet, sometimes, you know, everyone has. different bills that they pay and I. don't exactly understand how I can put. my finances on that spreadsheet. So then. I try to make my own. And then. >> why don't you use a half? Obviously, I. advocate for dollar-wise, but. >> but um literally just tried rocket.

money. >> Yeah. Um, and I think there's still. certain cards that I couldn't connect, right? And so I couldn't. >> Well, listen. Yes. A lot of them have. issues. That's why we pay for the most. premium third party services so we can. connect every single card. That's that's. why Dollarise is, in my opinion, the. best. This is the most convoluted like. the other ones. No, but you can at least. connect every single account. And after. these big updates that we just did, it's. fixed all bugs, by the way. um probably. 3 weeks before you watch this video. So.

should definitely download it and give. it a try. Wise.com. But okay, just tell. me what do you think your financial. score is? 0 to 10. Zero being the worst, 10 being the best. >> I actually took your test right before. applying. >> Did you? >> And I got a 65. >> Oh, yay. Okay, so round it up to one. If. you want to take that quiz, take the. assessment, see where you're doing well, see where you need to improve, it is. free at caleb.com. Get your own hammer. financial score. Make sure to download. the Dollar Wise budgeting app. It is my.

personal favorite budgeting app with. lots of bugs fixes that have come out. recently. It is top tier. It's. incredible. Get your free trial. Sign up. for the annual version if you want to. save a lot of money. And if you do, I'll. sign the budget friendly cookbook that's. only going to be around for a couple. more months and it's going away forever. and I'll mail directly to you. >> Check that out at dollarwise.com. >> That was a little sad. I I was just. hoping you wouldn't break the book. That. one gets used and abused. It's okay. >> Let's get into this.

>> Okay, >> let's get into the numbers. Capital One. Venture. What's. >> What's going on with this card? >> Um, so that was the card. So, the. Capital One, it started as a like normal. or I I don't remember what it originated. as. Um, but I didn't earn many points on. it. >> Boring. But then I got to the point that I was. paying off the apartment every time. because I would look directly at the. apartment bill, but I would forget my. other bills that also came out like my.

electric and my uh my internet bill. >> What a mess, buddy. You pay rent on. Capital One Venture. >> Yeah, >> on Capital One Venture. the fees that. you get for paying rent on this. There's. like a 5% fee, 6% fee. >> I forget about the fees, especially. since. >> Forget about the fees. It's monthly. >> So many people Well, the fees for it for. the the rent uh like charging it on a. credit card. Okay. Yeah. So, it's it's.

become more common place now for more. places to like charge you for using a. credit card. So, I kind of got used to. it and I kind of overlook it now. What? It's all for the points for the sake of. the points. >> The points that don't get me anywhere. right now cuz I've got like $200 in or. $270 something dollars, >> which means nothing cuz you literally. lose $127.82. a month on interest on this card alone. >> That's where it's at now. >> That's where it's at now. But you also.

lose who knows what for fees that are. tacked on to your rent. >> Yeah. Um, which I'd have to actually. look at cuz um, >> it's usually what what is it like 3, four, five, 6%, depending. >> probably. >> Yeah, it's. >> Yeah, >> they don't do it on a credit card except. for like the built card. That's like the. one thing. >> The built. >> not a sponsor. They should, >> but. I don't know. The points are just free. money to you. You're spending a You're. spending like $5 per $1 points. It's.

crazy. >> Yeah, I think that I think that's the. craziest decision I had made on You make. your minimum monthly payments only and. you do not purchase, which. you're incapable of. Oh my goodness. $4,177 to purchase this last month on. this card alone. I'm going to die. Okay, cool. How long does this take to pay. off? >> Um, I'm going to guess about. five, six years. >> 26 years. >> Oh, 26. If I only do the minimums, it's. horrible. Okay.

>> Oh, yeah. 52 for you. Uh, yes. Um, >> and then, yay, we will have finally paid. off a credit card. But except no, because there's no way you're not. spending on it in 26 years with your. record. >> Yeah. Um, and that was it's kind of really. stupid because that is the card that. made me really want to apply for. everything. Um, >> for you're over the limit by a thousand. What?

>> What? By a what? 300. Oh, why? >> What had happened? >> Why? >> What had happened was. >> What had happened was you. >> So I um. >> like I said, I normally uh pay off. exactly at least my rent. >> Yeah. >> And so I the rent was uh due earlier. this month. >> Shock how that happens, >> right? No, exactly. Um paid or it it.

declined and so I was like, "Oh, okay.". Um, let me make sure the rest of the. money is over. >> Declined for what? >> It It was like $100 short. >> It's your purchases. >> Yeah. At $127 of interest acred, $22. minimum payment. We are at $6,627.65. 26 years to pay off. >> and you'll pay a total. of 21,898. Goody. Oh, that's great. What's that. one? Papa.

Papa you. Papa you. We're going and. getting restaurants. When. >> rent a car, rent a car. What are you. renting a car for? Who are you renting a. car? Why are you renting a car? You have. a car? I think there's a car. >> There is a car. >> Why are you renting a car? >> About a month ago, a month and a half. ago. I did get in a car accident. Was. not my fault. >> Don't do that. >> Hey, it was not my fault. They they rear. ended me. >> Ladies and gentlemen, a financial audit. This is one of the most exciting moments. in this channel's history. You know,

I've been working on building all these. educational tools, our budgeting app, all this crazy stuff over this past. year, cuz that is where my passion is. We finally did it, and now we put it all. into one program called Dollar Wise. Central. You get the premium version of. my budgeting app. You get the cookbook. mailed to you and signed by me. You get. to learn about debt, investing, budgeting, real estate, basic beginner. stuff, and finance all the way to the. advanced stuff. Collaborated by experts. with the lowest refund rate in the.

industry for a reason. And guess what? If you are struggling or you want to. learn more, or you want to change your. life in any way whatsoever, like literal. tens of thousands of people have done. with our programs, go to dollar.com. Click that link below. Your life will. change. It'll be incredible. And I am. here for you with an incredible support. team that you can reach at any time. This is a no-brainer. dollar.com. Let's. go. >> Listen, buddy. They were behind me. Uh,

I saw that there was a car coming, so I. stopped and I waited. Okay. I stopped. and I waited. This person thought I left. because I had moved forward when I had. seen the car and I stopped. Um, >> okay. That sucks. I don't need the whole. car crash story. It wasn't your fault. Yes, it was my fault. Um, >> and it wasn't covered by your insurance. So, so they had their own insurance and. that was a whole ordeal because it was. my first time ever getting in an. accident. Um, and I didn't I didn't. understand how it worked because of my. first accident um since like becoming an. adult cuz yes, I had one previous one.

Um, but I was a lot younger. Uh, and. that one was my fault years ago. Um but. anyways, the the car rental place um it. was covered by theirs up to a certain. amount and then they still um because I. wanted a certain SUV. >> Okay. Yes. It didn't cover up perfectly. You wanted a certain SUV. >> Well, they gave me an SUV, but then it. was the only SUV they had and I I don't. understand how some of those things work. just because I've never experienced it.

before. But anyway, >> I want you to understand how to finish. the sentence. Okay. >> It was like four extra dollars a day. >> Quiet. Quiet. What is Studio 6? >> Studio 6. Hold on. Um, what was it? How much was the charge? >> Uh, one was $34.50, one was $50. >> Studio 6. Um, >> then we got some Petco in here. We got. Chick-fil-A. You don't know what Studio. 6 is? You're spending a dick ton.

>> I did? >> Yeah. >> How much was it? >> What? There was two purchases. >> bucks total. Texas BB club McDonald's. McDonald's going in and getting some. [ __ ]. >> $1,389. >> That's my apartment. >> Oh, thanks insane. No, you know what's. crazy? You spent $4,177. out here. $1,389. of it was rent. Man, you you blew 3,000. or whatever. There's parking [ __ ].

Park King. Uh, some genting. Globe Life. $140. >> Oh, yeah. That was concert. No, half of. that. Half of that was getting paid back. by my friend. >> What? The concert? >> The the half of the the purchase because. that was when we bought t-shirts. >> Which purchase? >> The Globe Life. >> Okay, great. That was $140. The extra. $3,000 you spent in turn of rent on top. of rent. >> Oh, Studio 6 was the the um the hotel.

That's what Studio 6 was. Sorry, that. that just clicked. >> This is insane spending and you're. leaving out a 28.49% interest rate card. >> Better interest than my other cards. >> Is it 28? Really? That's usually like. kind of where a lot of places are topped. out now for average cards. Listen, listen. Here's the thing. What? The. store cards are 30 something%.

>> Well, you either way because you've had. a late fee this year on this card. >> I did. I think one, right? >> That's one on this card. Why. >> $1,000 in interest? >> I uh. >> $1,000 in interest. >> I got to the point I had I had had all. my things on autopay and then for some. reason um I was I was adjusting. I was. trying to adjust how I was putting the. money to the accounts um so that I could.

pay a little bit extra. Um. >> guy, you make money for Houston. You're. fine. You are in a great income. position. I was like, not like stellar. I'm not saying you're rich by any means, but you're in a strong position. >> If I [ __ ] seven. >> Yeah, >> this makes no sense. >> I I family history of of buying things. Um. >> family history. You're going to blame. family history? What the are you talking. about? Family history. >> Well, I'm just like, >> but I had foreclosure notices on my. house growing up, but does that mean I.

should have foreclosure? What the are. you talking about? >> Uh, I just learned spending habits from. the parents. >> No, you learned that it was And you see. how it is. So, you do different. What. are you talking about? >> Well, like um you know, sometimes my par. or my my dad has things that he likes to. buy. My mom has things that she likes to. buy. Um you know, I I never really went. to many concerts as a kid. Um, and so. especially now being an adult with my. own money, I like to go to the concerts. so that I could have you. >> You should be able to go to concerts. You should be able to afford concerts in.

your situation. You just live well. beyond your means. It's not even close. You spend at least 50% more than you. should. You would have dude, if you're. starting you, okay, yeah, the pull in. the 401k was stupid. Okay, that was. dumb. That was stupid. I want to die. hearing him. Okay, but here's the thing. Okay, good. So, you paid off debt. You're starting fresh, making $4,300 a. month net after taxes. Great. You're. doing that fresh. Nothing saved, but. also no debt. Wonderful.

That alone, 50, 30, 20, you have. substantial fund money to spend. Substantial. >> Other things, >> huh? That would have been $1,290. a month in fund money. I'm not saying. you can't live. you should have been. able to live, but you lived at $3,000 a. month, $2,500 a month, who knows? And. you did that while also putting your. wants higher than you needed to, building your debts, uh, which pushed up. your minimum monthly payments, which.

and now you just can't afford to live. You can and should, in fact, be in a. good position, but you're not cuz you. >> I like buying merch and stuff. And you. can your income you can you have. substantial fund money to spend on a. monthly basis but you it you spent. double triple what you can and now. you're done you're done you. wanted. >> then. >> this year alone you've lived three years. worth of fun in terms of your spending.

So that means you cannot live the next. two years spending on fun. You've. already lived it. You've already spent. it. It's done. Now it needs to all go. towards debt. What? >> I'm just thinking of the K-pop. >> The K-pop. There's always K-pop. Except. I mean, Korea is not really going to. exist in about 75 years. So, but I mean, you'll be fine. You'll be fine. You're. not going to be dancing at 100. >> Well, no, but. >> might be spinning around, but. >> you know, there's there's groups like. BTS who are finally all back from.

military and like they have a concert. next spring and. >> that's a concert, dude. But it's again. the fact that you go to a concerts. constantly and travel constantly and get. the hotels constantly and get all the. merch constantly. It's about your over. over overspend. Good concert next. spring. Wonderful. That gives us a goal, a place to pay off a ton of debt. >> Yeah, I guess. >> Yeah. How much is your BTS concert? >> Oh, I don't know yet. They haven't. realized. Oh, probably. There a lot of fans. >> Um and on stage, everyone loves them.

Americans are obsessed. Yes. My. girlfriend's a big K-pop fan. My the. second in command here, his wife is. obsessed with K-pop. In fact, they've. all been to Korea. This is just This is. like I get it. I get it. I get it. >> That's a That's an ultimate goal, too. >> You have $10,000 of BTS merch in your. apartment right now. $10,000 worth. >> Yeah, >> that is crazy. Okay, there's a way to go. to BTS. Have you seen BTS Live? >> Yes. In 2021. >> Good. Well, here's a way to go to BTS.

Sell that. Put it towards that. My thing. is with the selling it is I get really. concerned at least for myself. >> Yeah. >> Well, no, not for not for. >> foot getting. >> is going to pull up and. >> the the Well, no, no, no. It it it's the. expectations that are around K-pop merch. selling because um you know a lot of. people when they sell the photo cards um. because think trading cards or whatever. you want to think for that. Um but when. they sell the photo cards they're like.

oh here's like 5,000 stickers with it. and here's this cute little case that. goes with it and do all that. Um, like I. just I don't know how to I don't know. how to get it shipped out or. >> maybe there's a third party that does it. and you lose 10% but it's still worth it. and that gets you to being able to go to. BTS. I like BTS. BTS is great. Go to. BTS. I want you to. We have to. sacrifice. You've gone to BTS. You've. already spent your BTS money over the. last couple years. >> In order to get there, we have to make. sacrifices. That means selling your. $10,000 of BTS.

>> Yeah. >> How many times have you seen BTS? um. twice. >> Okay. It's not the end of the world if. you don't make it because you'll. probably go see them again. Their. military service is done, right? So, yeah, it's like you'll be able to see. them again in the future. >> That's true. >> Like if you miss this one, it's not the. end of the world for the sake of your. entire life. >> It It's one of those more special ones. because like the one that I went to was. right after CO, right? And then this is. right after. >> Dude, I'm sorry. No offense. Like just.

like Taylor Swift and Swifties, it will. always be a special one. There will. always be a reason why this is a special. one. >> Debatable. >> Come on. No, no, no. You will always. cope. >> that this isn't special. >> This year, this year, like last year I. went to 17. Um, and that another K-pop. group. Um, last year I went to 17. because it was their year before. everyone was breaking out in the. military. But this year, you know, they're coming back through. My friends. are like, "Hey, you want to buy. tickets?" And I was like, "Nah, I just I.

can't this year." Cuz I I already knew. I already said no. >> I get it. The The K-pop girly that. starred in season 3 of The White Lotus. is one of the hottest women ever. invented in the history of humanity. I. get it. I'd pay a lot of money, too, but. I can afford it. You can't. I mean, that's just the reality. There is a. mathematical factor here. >> I don't always like the math. But. >> you don't even like the math. >> Sometimes I don't like. >> But you like K-pop? Pretend you're. Asian. You love the math. >> No. What's What's the next one?

>> This is probably the first time I'm. really looking at my statements in a. while. >> I bet it's all that one was overm maxed. out by a lot. >> Yeah, >> Apple card. >> What's going on with the Apple Card? >> Okay, let's be honest. Waiting for. payday feels like watching paint dry on. your last dollar. But with Steppp's new. early pay feature, you don't have to. wait. Step is the all-in-one money app. that helps you build credit, earn cash.

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covered. Download the Step app today and. take control of your money your way. because life doesn't wait for payday. And now neither do you. Let's get back. to the show. >> Um, that one became a quick spin cuz it's on. my phone and it's just. >> the tap. >> tap. >> Yeah, great business model. >> That's where it's. >> I bought my tickets and my friends. tickets. So, she's paying me for that. I. think she's almost done paying me for. that. Um, I'm not good at always. tracking it, but she is. She has it. She.

pays me like every two weeks for it. Um, but, um, I also use that to buy all my. other tickets. Uh, previously, you know, I bought my mom tickets for Lauren. Dagel. Um, >> did you call me? >> I didn't call you anything. I said Lauren Dagel. >> Dagel? >> Yeah. M. >> okay. >> But that was like a year ago. >> Sorry. You you kind of uh your words. flow into. >> I I I ramble.

>> I just can't hear you after about one. sentence. >> Oh, okay. >> I don't know what it is. >> Okay. >> I don't know if it's your fault or my. fault. >> Am I boring? >> No, it just they just they uh keep. going. >> Yeah. Like I said, I ramble. I I'm a I'm. a rambler. >> You're a rambler. That's okay. Sometimes. it's good and sometimes it's not. It's. probably what I also do with my. finances. I ramble on with my. >> You have a boyfriend? >> No. >> I would suggest it's not good then. >> Ouch. Okay. There's probably a lot of.

reasons, but um yeah. No, I mean, we got. to fix a few things first. I don't I. don't really want to focus on dating. life when I need to focus on. >> Well, I assume you're waiting for. >> Uhoh. Jin. >> But he is actually my favorite from BTS. >> Yeah, mine too. >> Oh, really? What do you know about him? >> No, I'm a Jim kind of guy.

>> Oh, Jim. >> Jim. I'm a Jimn kind of guy. >> He is a very pretty boy, too. >> He's a pretty boy. They're all pretty. boys. >> Mhm. >> He's got a lot. Um, Jyn Jyn has the more. recent songs. Jim uh recently got out of. military. Jyn got out first. Um, but. yeah, Jim's Jim's music is very. >> I think we almost dropped the nuke for. them back then. We didn't. >> No, we didn't. I think. >> Oh, we almost did for them. >> For them. But nukes are bad. So,

>> at least they stopped worse. But they're. still bad. All the all the aftermath. >> Well, it looks like you were at work cuz. you went to Sabarro. >> Yeah. >> Yeah, you did. Vending machine. Vending. machine. Dose canoli. Venom machine. Vending Machine, Freddy's Monster. Miniolf. We're definitely not on a date. with Jim in there, are we? >> No, that was that was an outing with. friends. I I do have. >> vending machine. I like grow therapy. $184. >> Grow the Oh, yeah. Um after the wreck, I.

kind of went into um it got me very very. anxious. So, I actually went to see a. doctor. No. >> What's grow therapy? Oh, is this. therapy? Yeah, that's actual. >> causing and growing. No, that's the word. I was set on. >> I think that stuff is disgusting. >> Yeah, very stinky. Very smelly. >> Disgusting. Okay, thank you. >> Anyways, um but yeah, actual therapy. >> cur revolving Disney Plus, Vending. Machine, Chick-fil-A, Chick-fil-A, Venom.

Machine, Houston, Vending Machine, Vending Machine, Papaya. Therapy. Again, I'm okay with the. therapy. I don't like that it's on a. card. That's probably backs out that. it's a Korean interest, but Shakura. Japan cheating on your Koreans. Vending. machine, Chipotle, Microsoft, Microsoft. >> I got to remember what the Microsoft. ones are for. I think I'm trying to take. some like online classes for Microsoft. like Chick-fil-A cuz you're endlessly. going to Chick-fil-A. Actually, they're. a very conservative culture, so maybe. they do.

>> It's possible. Okay. >> I do call it the Lord's Chicken. I mean, it's great, especially when you're. stressed. I don't know if they're. religious, but they're very socially. conservative over there in. >> the western eastern nations. >> That is true. Um, but yeah, you. >> Yeah, that was $1,000 a purchase, by the. way. Pretty much all [ __ ] except for. the therapy, which accounted for maybe. 250 of the,000. So, a quarter. >> Yeah. >> Okay, great. That's wonderful. At 26.24%. interest rate, $7480 of interest grew. that month alone. It's going to be. hundreds of dollars by year end. Year.

end. We're already a thousand on the. last car. So, we're going to be like. what by end of year almost 1,2,750. on both these cards combined for what? For Chick-fil-A. >> and Coca-Cola. >> Chick-fil-A last night. I love. Chick-fil-A. I'm a f Yummy yummy. >> Um, yeah. I. >> But I could afford it. >> I thought I could afford it. >> Really? >> Yeah. That's the only reason I would. actually. >> Wait, how did you think you could afford. that? You knew your debts were not being.

paid off. Um because. >> Well, how did you think you could afford. that? Please, I would like to hear that. >> Remember how I sold my stocks? >> Huh? >> Remember how I sold my stocks? I thought. I could afford. >> stocks. >> No stocks. >> Okay. Yes. But you thought you had more. >> I thought I still had some more money. from that. >> Where? >> In one of my bank accounts. I I I. think I tried to oversimplify and I. overconfuzzled myself with the the.

different accounts that I have cuz I. have two checkings and two savings. >> Why? Why are you over complicating this. thing? >> Sometimes I feel like if I separate it. out, it makes it easier. And I'm. realizing now that I overco complicate. And so I'm trying to go back to. simplify, but I don't know how to go. about probably closing one of those. without I don't know if it affects you. badly if you close a bank account cuz. I've always heard. >> Wait, a bank account? >> No. Close a bank account.

>> You can close a bank account? >> A bank account? Are you talking credit. card or bank account? >> Bank account. >> Close it. Yes. Who gives a. >> No, no, no, no. No, no, no, no. You. should close your credit cards cuz you. can't be trusted to have credit cards. I'll get you access to the Fizz card, debit card that builds credit. That's. fine. I'd use that. I also get you. course career certification. Um, but. honestly, you have a pretty good career. path right now. So, but maybe you can. get that to someone in your life. Um, a. lot of people have used that in the show. to update their resumes, get better. jobs, and higher pay. Highly recommend.

But, okay. Yeah, this Wells Fargo you. is. This is insane. This is the biggest. balance yet. And I'm three in $8,144. minimum monthly payment of $210. These. are stacking and you're over the limit. You're over the limit. >> That's only because the interest. >> No, it's not because the interest. It's. not because the interest.

That is not how that works. That is not. how that works. That's not how that. works. Yeah, I mean obviously I spent to. get there but. >> that's not how that works. If you are. just making your minimum monthly. payment, the interest is the minimum. payment is always going to be high. enough that it will still technically go. down after interest. The only way for. the interest to push it above the. balance is after you make your minimum. payment, you immediately purchase money. up to the max and then the interest. shocker pushes it above. That is the. only way that works. That is the only.

way that works. 22 years to pay this one. off. 22 years. What are we doing? Minimum payments only. without purchasing it. Oh. Oh, we. purchased cuz you purchased $857. >> just this month. >> Mhm. Well, $129 of interest acred. >> So, $700 worth of purchases or is that. the. >> $857? >> Are you sure? >> Where'd you hear 700 from? >> Well, you said that was or you said the. interest. So, the interest that'll be. like $900.

Hey, you were you started over the limit. any way anyway. You're just an over the limit the girl. You're just an over the limit girly. That's all you are. >> I get to a point where I try and then. they just I. >> and then you give up immediately. 1,000. hours in interest this year so far. almost. So we're going to be like 2,700. by the end of year. You're almost you're. that's a half a month pay. Half the. hours you worked last month is already.

gone. already gone in interest. Dairy Queen. We're doing the, you know, I'm eating a. lot of Dairy Queen after this. Our. Hammer Elite show. >> Mhm. >> Cuz we three, we post three premium. shows every single day, Monday through. Friday. We're doing a taste and valuing. the entire Dairy Queen menu. I'm very. excited. Tractor Supply. >> Tractor Supply is for my dog. That's dog. food. >> Interesting. McDonald's. Petco. It's not dog food. [ __ ].

>> That was probably for a bath in a nail. trim. >> Put him in your bath. Cut his nails. Dono Adventure Park. $234. >> That was an outing with my mom. >> Your mom. She can pay for it. >> No, she My mom is nice. I wanted to take. her. >> She can pay for it. >> You No, no, no. You're over the maxed. out. I want you to do it as well. You're. over maxed out. That's impossible. You. cannot. You're destroying your life.

You're destroying your life. I want you. to. There is nothing in here that I do. not want you to do. >> Yeah. >> You cannot do it cuz you've destroyed. your finances. >> I just Yeah. I I mean I get that, but. like I always I'm one of those people is. like uh love is. >> ballet restaurant bakery cafe going in. and getting some [ __ ]. >> I like food. But uh sniff spot is also.

for my dog. >> The is that $20? So basically it's like. you rent people cuz I live in an. apartment so you like uh rent somebody's. backyard for like an hour or two at a. time and I had only I had. >> dog parks are free and they're. everywhere and you are in the fourth. most populated city in the country. >> I also wanted her to be able to go. swimming in clean water and not gross. water cuz the water at the dog parks are. gross. But I only meant to do it the. once and then the subscription like.

automatically hid in and I wasn't able. to cancel it. I did cancel that one a. week ago. >> $783. $84.16. 100 uh. >> is at 20% interestund something of that. is also for my dog's care credit or not. care credit uh care club. >> Okay. Is that your insurance? Um that's. through her vet and basically it split. up all her shots and her um her spay.

because I got her spayed responsible dog. owner on that part. Um got her spayed so. they split it up over the first year um. so that your all your shots and you can. have unlimited uh. >> Okay. Okay. >> Yeah. Thanks. >> Affirm. >> Anyways, what's going on with affirm? >> I bought a Samsung watch. that I'm not currently wearing cuz I. forgot it today. Why? >> Cuz I like tracking my steps and it has. it has it has better.

>> get a little Fitbit. Dude, >> I I was supposed to also return the the. old watch so that I could get a credit. The. >> fact is with your income, this is a it. was a $240. purchase. >> Yeah, >> there's remaining $182.66. You can get that on your income. when you're not in this position. But. you've just allowed yourself to get. completely. You're just You're done, man. You're. done. You're still thinking that I have.

the money. >> How How do you think that, though? How. do you think that just go? >> There you go. There's There's the. There's the card. You know, >> that's you thinking you have money when. you say because you can say, "Here you. go. Here's the card.". >> That doesn't make sense. Sometimes I. just like Well, like I said, I this is. probably my first time looking at the. statements in probably 6 months. >> For the whole last 6 months, you just. put your head down, didn't even give a. you just thought you had money. >> I would I Well, I mean, I looked at the.

statement balance and you know, I paid a. little bit more than the minimum uh. mostly every month. Uh but then I would. charge it back up. So, >> the minimum payment is 121 $122 a month. So, I mean, it'll be paid off quick. But. it's just this is soing stupid. This is just so stupid. Oh, the Samsung. watch I guess was $340. >> Yeah, but. >> even still in your income situation, you. can do that. But not when you're like. this, you the whole thing up. Meaning. you cannot actually live the life that.

your income usually is able to provide. You can't. >> Yeah. Um I I guess. >> I know that happened if you just stick. your head down for 6 months and don't. even look at what's happening and you're. like, I have money. No, you don't. >> It's one of those things. It's like what. I I hadn't affirmed for a while and so I. finally was just like I haven't affirmed. for a while so let me affirm this cuz. then I can afford it because you know. it's the $60 payments instead of um you. know $240 at once or the actual.

>> close affirm you can't have access to. this. You're abusing it. You do not. understand just the consequences. Your. minimum payments are stacking immensely. and it's going to make your entire life. unaffordable. It's why you can't do. things. It's why you feel the pinch. why. you feel like your income is not. stretching as far as it should because. your minimum payments are already up to. what is that two like 500 600 $650 and. we're not done. We're not done. >> When I last. >> You have $70,000 of debt and we have not. [ __ ] got there yet. I'll tell you. that. Not even half.

>> No. Um because I remember the last time. which was like three weeks ago that I. was like how much how much money do I. even have per month after all these. minimum payments? It was like $300 to. spend on food and gas. So, you think you can go get a $350 hour. watch, huh? >> Yep. >> Get it. >> Okay. Macy's wonderful right at the. mall. >> Exactly. I work.

>> I work at the mall. So, it's it I didn't. open it till last Christmas and that's. when I bought all the Christmas presents. and then you know I know all the sales. that are over there. So, >> I thought you used the 401k [ __ ] for. that. The 5,000 left from the 401k. >> Well, I bought it on the card so I could. get the additional discounts. >> and then I paid off the card. >> Oh, $232.60 60 on here with a $6855cent.

minimumly payment, $30 of fees charged, $5.55 of interest, and $65 of purchases. This went up this double. It [ __ ]. doubled. It more than doubled. It. doubled. You had a late fee. You had a late fee. >> Yeah, they had to call me on that one. >> Register candy. You got candy. registered. Levis's, dresses, merchandise. >> I had to dress up for work. You had to. dress up. That's why we got candy and.

merch. What the are we talking about? >> Well, the candy is cuz I need sweet. treats every now and then. But but the. actual clothing Well, some I mean, you. know, work. >> Sometimes you just you get overressed. >> I budget what I'm allowed to do. >> But sometimes you just like need a quick. sweet treat. So. >> you don't need you want. You need to. know the difference between need and. want. >> I Yeah, but like I trying to get a. little bit better. So instead of. >> trying to get a little better, that's. why we have a late fee.

>> Buying instead of buying candy at the. register. >> 34% interest rate. >> What? You got a big what? >> I got a bigger bag of M&M's so I could. just. >> Yeah, but you might just over the next. like. >> You might just just. swallow them all. Huh? >> I'm not that crazy. >> I don't know. >> Well, of course. >> I love candy. I'm like candy's. wonderful. The bigger bag I get, the. more candy I eat cuz there's more candy. Not when you forget about it in your. your like little. >> cab. You're stepping sweet treats. You. know what? You forget about paying on.

time at a 34% interest rate card. >> I think it's only on two cards, but. yeah, they I think they recently. increased that uh uh percentage. So, >> I mean, this makes no sense. I mean, Lindsay is telling me you buy lunch at. the mall every single day. Yeah, we're. stopping for sweet treats. That is your. sweet treat. Why do you need an. additional sweet treat on top of your. sweet treat? On top of your sweet treat. That's all you get are sweet treats. Your entire life is a sweet treat. You've lost $1.5 million for sweet. treats. $1.5 million for sweet treats.

>> Yeah, but. >> Yeah. >> I mean, there's no guarantee I'm going. to live that long. >> No, but there's a guarantee that you had. two late fees this year so far on this. card. Two. Two. Two. Two. And also, here's the fact. More sweet trace. You're right. Less likelihood you're. going to live that long. Two. Statistical reality. as a human, as a. woman human, especially in the United. States, you are going to live into at. least your upper 70s, right? So, let's. bet on the statistical likelihood and. make this sacrifice that isn't that much.

right now because you have a strong. income to live a decent life and prepare. for that time. Prepare for that time. >> Okay? Statistical reality. And if you do. sacrifice and then you die tomorrow, you. won't even know you sacrifice and you. won't regret it because you're dead. So, it doesn't matter. I got I mean you got. a point there. >> Oh, this this is crazy. Look at this. >> What am I seeing here? >> Clara, >> what do I see? Tik Tok. >> Why is there a Tik Tok logo right in. front of me?

>> That is my only my only uh Tik Tok. purchase ever. Um and it was. >> of $120. >> $120. >> of what? >> Um it was a certain edition of a Bible. that I thought. >> on Tik Tok. >> Yeah. Um, it was cheaper to get it on. TikTok than it was to get it on their. actual website. So, I figured that was. >> Does the Bible approve of K-pop? >> That that's something on why I'm reading. the Bible right now. So, >> to learn if there's a K-pop passage.

>> No, just I I've trying to get back into. um church a little bit more. And so, that was one of my I need I needed. >> youth service is K-pop. >> You know, some places actually already. do it. Exactly. Because you got they. they cater to the youngs. Listen, when I. was young and my grandparents, they. dragged me to that Sunday, uh it was. just like, "Oh man, here's. youthful music." Youthful music now is. like K-pop.

>> Yeah. There's actually a new person that. is uh Christian singing like K-pop. stuff, but it's Christian songs. I. thought that was cool. But um yeah, anyways, that's a Bible. Um which I. think is one of my I consider it more. necessary. Um but I probably definitely. could have gone to. >> Yeah, you could have got you could have. got a free one walking down an avenue. anywhere. Go to a college campus. They. hand them all like candy. >> Those people that won't leave you alone. on the corner.

>> Those people are weird and scary. >> Yes, but it's free. Scary? I don't know. But it's free. >> Yeah, Houston. I know this is this is. Austin, but still Houston. >> Go to the nice part of Houston. There's. a rich Houston everywhere. Don't go to. ghetto Houston. >> Go to rich Houston. >> Okay. But yeah, I don't know. Rich. Houston in certain areas and that's a. drive as well. So, I still love the. K-pop. >> H. >> I still love the K-pop.

>> Yeah, K-pop's great. >> Yeah. Yeah. There's not much music I. don't like. Uh, I do. I destroyed my. life for it. No, >> I wouldn't say I completely destroyed my. life for it, but. >> How would you define this? >> One more time. >> How would you define this? >> Um, in a bad spot. >> Hi, listen here, financial audit. I've. curated the exact resources and tools I. personally use or would use if I was in. certain situations. So, take advantage. of these offers in the resources section.

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financial score and see where you stand. in the world of finances. Take the. assessment at caleophammer.com. You will. not regret any of these. Change your. life today. $3,5768. Sold on this card with a minimum payment. of $17. Oh, Amazon Chase card. The is. going on with this card. Yeah, you spend. $157 to pay off $8153 of interest acred. And yeah, it's it's a couple bucks for. maxed out. What is going on here? >> Um, that one I usually also use that one.

for going to restaurants because you get. five times the points on those. Um, but. then I. >> No, no, no. On this card, five times the. points at Whole Foods and Amazon. >> No, I think I got. >> restaurants. I have this card. >> I think there was maybe a month then. that it did that because I remember. going to like um I went to a few and it. was like, "Oh, that's a weird amount of. points." And I looked into it. This is a. few months ago now. I thought it was. that. >> Amazon, Amazon Chhatters, Domino's,

Dairy Queen, and a vending machine. You've had two late fees this year so. far and $500 of interest. So, yeah, you're going to lose an entire month's. worth of income by a year's end. Pull up. your Amazon and start a screen recording. cuz it's Android. I don't know how to. >> got you. Uh, >> Samsung, big K-pop fan. She loves Korea. >> I do. >> She loves Korea. She's going full like. choose one of the three oligarchs there. and she she chose the Samsung family. >> Where's my screen record?

>> Hey, I love my Samsung family. Do not. come after me. I love your products. I. have one of your TVs at home. I am not. making fun of you. I know you are. powerful and very scary. >> So, the uh the previous orders? >> Yes. >> If your phone had iOS, I would use it. If it connected to my iPad, I would use. it. sister purchas. >> Okay. >> Very good TVs. >> My only very recent one was um actually.

>> it the only one that's like right there. is actually a Bible for somebody else. >> Two. You need double? >> That was for someone else. >> Is that double your chances? >> You are HIV alladine. >> Post death. >> Huh? Post death. No. again. That one. that one was for somebody else. >> It's a It's a different version with. different print. >> No, I think the most recent purchases. were for my dog. One being like. Benadural because she had gotten sick.

>> Um Yeah. Okay. See, uh Sira trio for my. dog. The Benadrol was for my dog. And. then necessities. That That's where I. get some of my necessities. >> That's not bad. Um. >> not not to be $3,000. spending on the. card was bad and your two late payments. this year so far were bad. >> Oh, let me stop this. >> And reminder, we do like Samsung here. Samsung, if you were hearing this, Mr. and Mrs. Samsung, >> you like them. I like them. >> I like still being alive.

>> Yes. >> I like your company. I have your. electronics. >> What's What's the deal? >> Bezos. Oh, wait. No, I'm thinking I'm. thinking Amazon. >> That is not a Korean last name. Bezos. No, it is not. It is not. At least. >> you're pass on your Best Buy card. This. makes no sense. You owe $72.17. yet you're passed due for what possible. reason. It's a $60 payment. This is so. moronic. Fees interest. You had $42 on. there and then you were late and then.

fees head and then interest. So, when. >> reminder, we like Samsung. >> When I made a purchase on Amazon, like. on Amazon, I forgot that card was. linked. And so, I hadn't spent on it in. almost a year. Um, >> usually when I spend on my Best Buy. card, it is on a Samsung product. >> It at Best Buy probably or just. anywhere. >> That's what I was saying. >> Yeah. Um, but yeah, so it went through. Amazon. I didn't realize that one got. charged and because I haven't used it in.

so long. >> This is so stupid. >> I didn't realize that there was a money. due on it. >> Sam's Club. >> Sam's Club. That card made me mad. >> Why? >> So, >> well, you don't owe anything. There's. nothing to even write down here. I mean, you paid this off. >> Um, so, well, it was at a $1,000 limit. Um, and then they recently dropped it to. 250. >> Cuz you're not trustworthy. Yeah, they. for some reason thought when I was. paying off the card um earlier this year. that it was a scam for some reason and I.

had to call them to go. >> 60% of your purchases on this year so. far looks like about gas but the rest. has been just going out in [ __ ]. >> Yeah. >> In terms of the category that it lays. out and I mean I Sam's again Sam's is. good. I like Sam's like Costco. They. both both places sell Samsung products. so I really like them. And but you went. and got Chick-fil-A. I did get. Chick-fil-A on that card. Not Not much. I I actually like forgot about this. card, too, until I remembered about it.

>> A late fee. >> A late fee on the Sams. >> Yes. >> I don't remember that one. >> What the are you doing? This is so. ridiculous. Chick-fil-A late fee and. then you pay it off. This Well, you're. just you're just losing money. You're. not a credit card person. Close all your. credit cards. You cannot be trusted with. a credit card to save your life. So, but. if I. >> So, >> like if that's an actual option, again, learning things here. >> Yes, it's an option. Close it. >> Well, like how do you close it and then. pay it? Like that's that's just how they. work. >> Contact them. Go to the website. Call.

them. Do what you got to do. >> And then and then. >> who knows? Take away the tool that is. damaging you. You cannot manage it. Worth. >> that. That's better than locking them. away in my apartment. Huh? Cuz I tried. to do that for a while. >> That won't work, buddy. You can put. things on your phone. You can order a. new copy. It's just It doesn't work. >> Yeah, I've done that. >> Yeah. No [ __ ]. I'm not surprised at all. Okay. Care Credit.

>> Care Credit. >> $71 balance of the [ __ ] Oh, you even. passed through $210. $2. >> I don't know how the $2 charge. You went. from $60,000 saved in retirement well. beyond anyone your age. By the way, that's like the savings rate for. retirement for someone like a decade and. a half older than you at that time, by. the way. Maybe even two decades. Like, it's crazy. You were doing so well to. being past you on $221. What a joke.

>> That's another one I didn't realize had. any money spent on it. >> Care Credit $7148. Stupid cents is what's owed. You. purchase $67.20. You owe $3221. for your minimum. What a This is so. stupid. It's so stupid. Yeah, you've had. many fees this year so far in interest. You're just you're you're you're behind. constantly. It's at a 34%. interest rate. And yeah, obviously it's. a vet thing, but what the.

>> just pay. >> I blame I blame the user interface on. that one. >> Blame you being a dude. This is you just. have to click a couple buttons. >> Stop being a child. >> Not when every So every time on their. app at least. >> Hey, I'm going to let you know compared. to a lot of people, you're not a. complete idiot who's come on this show. and yet even them who I've met some of. the dumbest people I've ever met in my. life on this show and they pay their. Care Credit payments cuz everyone has. Care Credit. This is You're let me log. in. You're being stupid. Shut. You're.

being st. >> Call them. Set up auto pay. This is so. >> they give you extra fees. set up auto. pay. >> I probably should. >> Oh, you probably should. I would suggest. so. Okay. What is one main financial? What's. going on with this? >> Uh, which. >> you got $4,997. of something? >> Uh, is that the one that was from. November? >> I don't know anything. >> So, I have two. One was for dental and.

one was I think a consolidation. >> Are they the same amount? Uh, one was. about 5,000. I think the 5,000 is is the. dental. Uh, so that one should be the. one last year. >> Okay. What did you break? >> Huh? >> Did you break? That's a lot of dental. work. >> Um, well, yes. Um, I I'm a ginger and. sweet probably. >> What do you mean you're a ginger? Lindsay has good teeth. Claire has good. teeth. What are you talking about? Um, I'm surrounded by gingers. I don't have. a choice. >> So, this is an actual That's funny. Um, this is an actual thing. like gingers.

have a harder time at the the dentist. because of all the pain meds. Um, and. they're not always the best. Um, and so. when I was a kid, I was traumatized and. so I didn't go to the dentist for a very. long time once I became an adult. Um, but I found a good dentist and they they. fixed a lot of things obviously for. >> the fact is you alone. this shouldn't be a major issue with. your income again, but because of. everything you did, it was a major issue. >> because that was the 21.8%. You took this at the same time you took. out the 401k though.

>> That one? Yeah. >> What the That could that would have cash. flowed. >> That would have probably been a better. option. >> But now you're at a 21.8% rate. What What's. >> um Yeah, I was just trying to be really. sure that everything was covered. correctly and breaking it up in payments. was easier at the time. >> This goes to the end of the decade. $163.65. minimumly payment. $4,99744. is owed.

>> Well, are your teeth good now? >> Better. >> You need more? >> A little bit. It It's more It's more for. the gums. It's maintenance. >> You got gum? >> Periodontal. >> Stop. >> So, I'm like preventing that. So, by. going back for more with your gums, dude. >> But I think that's the dental one. This. is the one for This was the one for just. making sure that more things were. consolidated properly. So, the last one. was the consolidation. >> Yeah. >> Hey, now we're on the dental.

>> Yeah, that one's I can't remember, >> which clearly your five consolidations. have never worked in the history of. ever, buddy. I don't know the principal. on this. >> What's owed left on this? Cuz I have. your minimum payment is $147.24, but what's the balance? >> The Let me find out if it's not on. there. Give me a second. >> It must be substantial cuz a lot is. going to interest. I need to know the. interest rate, too. This is crazy. >> One man.

And that one weirds me out, too, cuz uh. Okay. Um outstanding. This is for the. one that's 147. >> Yeah. The minimum monthly payment. >> So, uh outstanding principal as of my. most recent email. Oh, okay. Yesterday, uh was $4,283. >> What's your interest rate? 48. Well, I'm. sorry. 4,000. >> $4,283.14. >> Okay. >> Uh, this one doesn't say the interest. I'd have to log in. >> Calculate it. I can calculate it.

>> Okay. The math I wish I could do. >> Yeah, it's about 25%. So, your dental. works 25%. That's insane. Then your. consolidation was like 20%. Wild. Absolutely wild. >> All while doing it at the same the. dental one. on that one at the same time. of your 401k withdrawal with fees and. taxes. Uh, okay. We have a car. Super. You're less. >> Hm. >> That explains the lack of makeup.

>> Oh, hold on. No, I'm not lesbian. >> Oh, why why are you insulted by that? >> Um, cuz. >> you're homophobic. >> No, I'm not homophobic. I'm just. straight. So, I just I'm like, "No, I and I. understand like that's a that's a whole. thing.". >> Such insult. We love lesbians. We love. the gays. We love everyone. I'm not I'm. not saying anything. >> We love the K-pop. We love the. Africanameans. Some would just call them. Americans, but. >> No, I just I don't like being uh. construed as something that I'm not. Um.

I am not a lesbian. I am I'm very. straight. >> Very defensive about this lesbianism. >> I don't think I am. Um but. >> I'm just with you. You're taking this so. seriously. >> Okay. You got a super. >> ways. in two ways. >> In I don't know. That's That's a thing I. say. Anyways, um. >> you're making up our own language. >> sometimes. Sometimes it's fun. Um. >> is that a ginger thing or a lesbian. thing? >> It It is. >> $30,892.

You're denying that you're a ginger, too? Now I can really take your word on. everything. $30,892.75. is owed on this Subaru Outback. >> Yes. Uh, >> am I gonna see a U-Haul purchase in your. checking account? >> No. >> Mhm. >> Definitely not U-Haul. >> $769.79. Uh, can we get Aaron in here real quick? All right. Come on. Come on over here,

Miss Aaron. Right here. You can Okay, just confirmation. A resident lesbian. Don't say anything. I need a lesbian. score 0 to 10. Zero uh being uh the. straightest you've ever met. 10 being. the gayest you've ever met. Okay. Uh, just on appearance. >> Oh, yes, just there. Uh, Super Outback. as well. $30,000 out on it. >> Okay. Well, that was the giveaway there. because right now it's like looking more. >> K-pop. >> Um, >> big in the K-pop. >> That's kind of gay. My girlfriend is. really into K-pop. I'm going to go with. a.

seven out of 10. >> Well done. >> Actual zero, but okay. >> Yeah, she buys Bibles like hobbies, so. >> that is also kind of gay to me. Oh, >> all right. Thank you, Aaron. Anyway, >> thank you, Erin. That's the uh the uh uh. lesbian assessment score. >> Yeah. >> Okay. >> At caleb.com. forward/. you can take your score.

>> Goodness gracious. >> Well, it's at a 6% interest rate. It's. not the worst. It is a depreciating. asset. What do you think this car is. worth? Um, it's probably worth I think. the last time I saw like 27 25. >> Yeah, we're seeing about 28 private sale. trade in would probably be closer to. about 25. Um, >> so I know. >> but the $769 payments was insane. $30,892.75. owed on it. That's [ __ ] crazy. >> And what's annoying to me is I had put. $10,000 down on that one. >> Welcome to depreciating assets. I mean,

I'm sorry. I mean, this car might be a. little overboard. I want you for your. certainly way over where I want you for. where you are with your debt. Of course, well actually with your income I'd be. okay that 2530 range. Um but you still. you owed your parents $5,000 for a. previous car. >> So what is that? >> Okay, it was um I and this is years ago. Um I had pulled my I had pulled my dad's. truck into the driveway. Um and in doing. so I hit the mailbox and scraped up the.

entire side. This was at middle of the. night. uh scripted the entire. >> hitting things this person that is. totally never at fault. >> Um so basically I had been paying my dad. for um the repairs to his truck. Um but. when I went into purchasing this car. after uh my previous car went down, he. said, "Hey, if you buy this car that I. know is better because your mom also has. it." Um they and they had done all the. research on it back then. >> Yeah. Back your mother's a lesbian.

>> She's married to a man. Um, >> that doesn't mean anything. >> They uh, my dad said, "I'll forgive you. for this $5,000 you owe to me if you get. to this car that I know would be better. for you in your future.". >> Okay. Well, student loans for what? Did. you get a degree? >> Nope. >> I don't think so. Yeah. Now, with how. much? Uh, cuz it's $8,678.32. Median in this country is closer to. about 40,000. Even for dropouts as well, including myself. $72.34 is your minimum. monthly. >> Not horrible. I got it on the It's on.

the one that it will scale up later in. my life. >> I don't really like that. I would get on. the traditional while you can. >> I I had used to be paying the. traditional which was about 112 a month. >> Yep. That sounds right. >> Um and then I redid it when I was trying. to. >> I don't know cuz that that that. scaleup's going to you. >> probably. >> But this gives you the opportunity now. to pay down the debt before it you. >> That is true. >> Okay. Checking account $18. So that's all your debt. We got your. debt. >> We got my debt. >> Good. You're selling out money. Zelling.

out money. >> Selling out to who? If it's. >> I don't know. We black out names. >> Well, well, oh, okay. Yes. Um, there was. one zel that was. >> savings account went down from 1,695. to,212. What's going on? >> So, that's where um I always put the. money that would go to my rent. My. paycheck automatically puts into there. so that I don't touch it until I try to. pay the rent card. >> $827.12. What's in this checking account?

>> Okay. Wells Fargo checking. We're. selling out money. Cinemark door. dashing. Door dashing. Little Caesars. money. Door dash. Door dash. Door dash. Door dash. Door dash. Door dash. What. the are we doing? And then sis savings. 415. I don't see retirement. We're dick. So me. Okay. That savings. Yeah. Again, that's where. I end up putting money so that I can. pay. Um, I don't touch it so it can pay.

for my car. Um, I put 390 each time and. so there's a is staying over. >> What a joke. Okay. >> Like I said, I overco complicated it and. um I thought it would make my life. simpler and it did not. >> All right. Minimum monthly payments. Let's calculate this. Her venture card. is $22. Apple card is $110. Wells Fargo. is $210. >> We are at $2,1567.

Disgusting. Reminder, income $4,300 net. on a monthly basis. What is your rent? >> Uh, it averages $1360. >> Is that including utilities and. everything? >> So, it includes everything except. electrical and internet. >> What are those combined? >> Uh, 172. >> Okay. Phone bill. Uh, I don't exactly pay one right now. My my my I'm still on my parents line. and I usually should be Well, yeah.

>> Are you supposed to be paying them? >> I should be paying them. >> How much are you supposed to be paying. them? >> Uh, about $100 a month. >> Okay. Car insurance. >> Car insurance. I usually do I've only. ever done this. >> How much is your car insurance? >> So, it is at least I'm about to have to. pay it again. >> How much is it? >> 1,100. >> Okay. Every six months. Jeez, dude. Okay, so we're talking $184. Gas, vroom, vroom, drive, drive, average. month.

>> I don't know my average. >> Come on. What do you think? >> Um, I'm hoping it's about. >> You're hoping. Okay, we got about $200. >> Okay, >> that's what we saw last month. So, I'm. budgeting that in. >> Okay. >> Necessary food, $300. That's all you. need. Use our budget friendly cookbook, meal prep, meal plan. Warm it up when. you get home. TP fund. Anything else you. need? $100 to survive that is toilet. paper that are dildos that it's. whatever. Medical healthcare. Do you have co-pays?

>> Uh, I said dildos instead of tampons. I. meant tampons. I don't know why I said. dildos. I wasn't even making a joke. I. just said the wrong thing. >> Um, if that's what you buy. Um, anyways, um, I do my insurance is through my. company. Um, I don't have a co-ay or my. deductible is like 4,000. >> Bro, do you spend anything on medical on. a monthly basis? >> Not on a monthly right now. >> Thank goodness. Yeah. >> Is there a gym? >> No. >> Okay. How much for pet food?

>> Um, $50. >> Okay. Now, what is this pet subscription. thing that you do? >> So, there's two. There's the actual. insurance, which is uh I think about. $50. Good. >> And then the other one is. 36. And that should go down to about 60. in November. >> We'll call it 60 then. >> Okay. >> Okay. I'll give you subscriptions about. uh 50 bucks as well. Anything else that. needs to be in your budget that is not. there? >> Not that I can think of right now.

>> Uh let's see. I'm just going through. cuz I got rid of Spotify. The Massage. Envy would probably reappear soon cuz. it's on pause right now. >> $75 a month. >> Keep it on pause. Keep it on pause. You. can only keep it on pause for like 6. months. >> I have like 30 credits. >> I don't give a loss. I don't care. I. don't give a. >> You're losing all your money. That's. more important. Money is more important. than credits. >> But 30 credits worth of massages that I.

I haven't used yet. >> Well, here's the reality. You need. $4,515.84. to survive. So, I don't give a [ __ ]. about your credits cuz even though you. make a strong income, you are actually. underwater. on a monthly basis by $215.84. >> Honestly, and I don't see you picking up. another job cuz your hours are weird. Here's the reality. >> Here's the reality, little lady. You. have enough money to You're going to. sell your car. You're going to borrow.

the difference of about $2,000. You're. going to get a $10,000 car on a $10,000. loan. That is going to immediately save. you $20,000 in debt. Okay, about. $18,000. That is step one. After you do. that, if you are still probably and. you're probably still not going to be. making it as long as you have proven you. have changed your behavior multiple. times where you do doing a big. consolidation after you change your. behavior for 3 months, proven it with a. budget, you will do a big consolidation. or you're going to do bankruptcy.

>> Really? >> Cuz I just you can't afford this. >> Yeah, >> it as simple as this. I mean, actually, okay, hold on. Wait, pause. I remember. from the beginning of the conversation. you're moving back home. >> Yes. >> Are they going to require a rent? >> About $300. So obviously that's. >> okay. You will have I'm going to say. about $800 left. I would still do the. car thing. I would still do the car. thing. This it's a temporary thing for a. couple years. But with your $800 minus. the student loans minus the car, but. we're adding 12 for a new car. So we're. taking Okay. $67,54.95.

minus the $30,892.76. car loan, but plus $12,000 for the new. loan to borrow the difference and a. $10,000 car that you get approved by. multiple mechanics before you purchase. that is going to be safe and reliable. for years to of just a couple years to. come. $8,678.37. for the student loans. We're getting rid. of that. That brings you down to bad. debt of $39,483.82. Good. with $800 left over. That's going. to take 49 months. That's a long time.

That's about four years. But you'll be. able to scale that as well cuz I think. you'll get pay increases. Pick up as. many. Are you hourly? >> No. >> Okay. Well, you'll get pay increases if. you can find ways to pick up extra jobs. and it just make this a grind time. You. can get it done in 3 years. Um, but it's. likely looking 3 to four years and then, you know, which I know it's a little. demoralizing. That's a that's a long. time. That's if you sell the car. Yes. If you don't sell the car, this is going. to be like a 5, six, seven year thing. I'd rather do bankruptcy uh and include.

the car in that. But um no, I mean. that's your option is you have to get. rid of the car and you have to move into. home and grind for 3 years and work an. extra job as well. And then about another 9 months to get a. fully funed emergency fund and then you. can move out. So you'll be about 30 31, right? How old are you? 27. >> Yeah. >> Yeah. Like 31. and you'll be out living. an independent life. But that's okay. There's no K-pop in there. There's no. fun money. I mean, I'm sorry. I'm sorry.

Uh, uh, BTS doesn't exist when you're. already underwater by $200 a month. That. sucks. >> That's true. >> So, that's the plan. That is the plan. I. don't see other plan would be big. consolidations, but only after change of. behavior, but that doesn't get you. there. that gets you $200 a month extra. maybe. Um, which is not going to pay off. debt in any substantial time frame or. bankruptcy, but that your credit. So, >> but closing all the cards would also. mess with my credit. >> Yeah, but not as bad.

cuz you'll only have access to like. predatory loans after bankruptcy or just. really bad loans. So, that's the plan. All right, we're going to do our Hammer. financial score, but remember to click. that join button and join Hammer Elite, the best YouTube membership on YouTube. and join us for the post show. Apparently, something is going to. happen. I guess her friend made her come. on, but her friend is convinced that he. can do a better job at me. So, I'm going. to call him and I think we're probably. going to get in an argument from the. sound event. There's also lots of other.

things that didn't get brought up that. we're going to talk about. So, join. Hammerly. Three premium shows posted. every single day, Monday through Friday. Spending in a budget score zero out of. 10. and you overspent debt, no. collections, but this is horrendous for. your income. 1 out of 10. Emer fund was. about a 1 out of 10. Retirement is now a. 0 out of 10. Real estates 0 out of 10. >> Yeah, it's about the 065 that we had. >> There it is. Which is going to round up. to. >> Yeah. I mean, I'm giving I'm going to. just I'm going to give you a five out of. 10. Join us Hammer Elite. Click the join.

button. I'll see you guys in the post. show. There's a lot more to talk about. for an additional 20 minutes. See you. there. Last time that big thing came up. to save you money, you borrowed from. your parents to get it. >> I was considering really trying to break. this one up instead of paying it all up. front. >> Did you not see this? Milk, milk, milk, milk, milk. >> This call you gave me like the least. specific answers. It's like, where did. this money go? And you're like, I don't. know. It's all. >> That's insane. Exclusive members. content. Click the link in the. description or pin comment below and.

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