Desperate Incel Joins Pyramid Schemes To Get Laid | Financial Audit

The 50,000 isn't mine. It belongs to something called a prop. firm. So, I paid $50 for it. All right. And then another 100 to. How much did you pull out of your. retirement accounts? To be fair, there. was only How much did you pull out? dollars. The point I get to the day. trading where I don't need to work. Oh, shut the [ __ ] up. Do you think in a. few months you're going to be making a. full living off of that? I do think that is exactly how it's. going to go. Then you live in beyond delusion world. My name is Ethan. I'm 24. I'm based out.

of Houston, Texas, and this is Financial. Audit. Thanks for coming over to Austin. What. do you do there for a living in Houston? Um so, I'm a day trader currently. I'm. up-and-coming at least. Up-and-coming. Yeah. Okay. Typically the. day trading I see isn't much up. It's. kind of usually down and coming to zero. How You must be doing okay then. I It's It's complicated.

We've had a day trader on before. I. mean, we've had people that dabble, but. we haven't had a professional day. trader. I don't I wouldn't I wouldn't. call myself professionally yet. I'm. getting there though. I mean, I'm just. scaling the accounts. Um I've only taken. about $400 out of them, and that's kind. of where I'm. going. Do you live at home? Uh I live. with my aunt currently. For free? Uh no, for 500 bucks a month. But you've taken. two up. How are you paying for that? So, I've. I've I've liquidated a lot of my assets. over the last couple months. Um 24, what.

assets. are you taking away all the compound. growth and time that you have in the. future of your life? What? What assets? So, I Well, Oh. I. I liquidated my Roth uh first of all, and then. Roth what? My Roth IRA. Okay. I had a. personal one opened up at some point, and I. Wonderful. Yeah, let's do that. Our. tax-advantaged account, something that. would be tax-free by the time you're 59. and 1/2. And penalty-free. I kind of figured that. if I took it out now to use for this,

then I just put it back later. around day trading? I I don't. It's something like 85% lose money. I think it's Well, I mean, I I thought. it was a lot higher. I've heard a lot. higher. I've heard a lot of different. numbers though. Okay, if that's the. case, then why pull from. your IRA? Well, I. Unless if the if the words if the odds. are even worse. I guess it might be worse, but I didn't. pull from it just to pay for trading. I. pulled from it to pay for rent. So.

But uh I uh. had a job up until uh like March, and I. was delivering for Amazon for a while, and I got bit by a dog. So, I was out of. work for about a month cuz I couldn't. put leg or put Wow, that must have been. a bad bite. Yeah, it was a It was a German Shepherd, so it He latched completely on. It's 80 to 95% lose money. Um a significant number of day traders. typically leave within the first year.

They quit, which. Yeah. And then only 15% remain active after 3. years. How far are you into this day. trading thing? I've been on and off for. about 4 years. So, I started learning. So, now you're you're you're part of. that 15%. Less than 1% of day traders. are able to predictably and reliably. earn positive returns. Wait, you've been. on and off for 4 years, and you've only. ever taken out $400? I've taken it I've taken out I've made. about 3 4,000, but I've only taken out. 400. to survive.

uh. leanly for a couple months. I don't know. My bills. Leanly. Maybe a. month. Okay. But uh So, what is the play. What do you So, how are you paying. You said because you pulled from How. much is available still from those. assets that you pulled from? So, I have. a employer-matched one uh with $250. just cuz I couldn't That's all that's. left? pull it out cuz it's vested, so. Yeah,

you got to be kind of smiling over that. That's absolutely insane. Yeah. You're not a full-time day trader. I'm. getting there. How? But how are you getting there? You. seem very far if you've only ever been. able to profit a couple thousand bucks. Well, I don't want to pull out more. money right now just because I want it. to grow. account at? Uh currently it's at about. $500 in profit. No, what's your account. at? Which account? All your day trading. accounts. It's about $500 profit right now. No, no, no, no. What's the balance, buddy?

Uh 50,500. Okay, so you're trading with 50,000. Okay. So, obviously you can day trade. cuz you're over $25,000 in your account, which is required Yeah. to have in order. to make more than three day trades a. week. mine though. The 50,000 isn't mine. Uh explain that. So, uh the 50,000 is it. belongs to something called a prop firm. So, I paid $50 for it. Why? And then another 100 to activate.

it. And there's no loss liability. though. So, if I blow the account, I. don't owe them anything. How do they make money? They're. What? That doesn't seem That doesn't. make sense. So, it's like a $50,000 loan in a way. In a way, yeah. They have rules in. place. Relatively. interest with the extra essentially if. we're calculating the money you gave. them. Okay. And then it's almost a. guaranteed loss. 80 to 95% chance of.

loss based on day trading statistics. So, I'm confused how this works. From. what I understand, um they make the. money off of the challenges you pay for. So, you don't get the money up front. You have to go through their specific. challenge, and you have to pass it. And. then once you pass it, they fund the. account. I passed one, and I'm in. challenge? It's a profit I I believe it. was profit $3,000 on the $50,000. account, and I did that within about 3.

or so weeks. That's I don't know how that business is. going to stay in business. Lately it. feels like I'm getting more spam calls. and more spam calls and more spam calls. than my own mother. Every day someone. over the phone is telling me I owe back. taxes or one and all expenses paid. cruise to who knows where. So, why does. this happen all the time? Let me fill. you in. The big companies we trust are. failing us spectacularly. Consider the. Ticketmaster breach. Hackers infiltrated. their systems and compromised data from. over 560 million users. They made off.

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trusted company. Something like the. Ticketmaster breach wouldn't cause worry. because Aura is on duty watching my. back. Online data protection shouldn't. be complicated. Try Aura for free for 2. weeks at aura.com/ammer, or click the link in the description. below. Aura is who I trust to protect my. online data, and you should, too. Protect yourself today, and thanks to. Aura for sponsoring this video. Yeah, they uh. Wait, how much did you pull out of your. retirement accounts? Your assets. It All your assets. How much did you. pull out? To be fair, there was only How much did.

you pull out? $750. It wasn't very high. To be fair. This is. weird, man. This is This is a unique. conversation. This is one we've never had. It's definitely. Hey. To a lot of people it definitely seems. like the wrong move. Yeah, to like everyone. Who would think. it's the right move? Uh people like me.

Which is few and far between, really. So. like you who will never retire. Prob-. probably. Unless. I don't know. Retirement sounds. kind of boring though. Unless you're a part of the 1% of the. day trading statistics that actually. makes a reliable Yeah. income. Pretty. much. Uh but I'm in the starting stages. now. So, I've changed. how are you making money? How are you. paying bills? That's what I'm very. curious. I sold an NFT last month, and that's how. I paid most of them. People. People bought an NFT from you? I participated in a project for crypto.

mining, and. You are part of every just insane Yeah, those are that's only two of them, too. I mean, but I did participate in a. crypto project like earlier this year, and they gave me an NFT, and I sold it. for about five grand. And that pretty. much has paid my bills for the last. month. A month? For the next My bills are paid. Your rent is 500. What the. So. Wait. No, cuz I'm about to go through. things and you're behind payments. What. are you smirking about? What?

I'm trying I Yes, I was behind last. month. No, what are you smiling about? I Is. that funny to you, behind on bills? I. It's a reaction. I trying to control it. Okay. Uh but So, you were behind on. payments, but you just caught up because you're. able to sell an NFT. Yeah, it was kind of a last resort, and. I didn't know it existed until I. You didn't even know you had it? No, I. didn't know I didn't want to sell it and.

then I had just got to the point where I. was so behind that I kind of had to. So. Dude, okay. So, what do we do now? How much of the. $5,000 is left? Um after all the refunds um from my. purchases uh about $1,000. So, what is our plan for income? Is there. another NFT waiting? No. There There's no So, what is our. plan? Why aren't you working? I I know. you want to be at your desk when the. market's open. Mhm.

Why not work an evening job, even. part-time at least? Now that I'm even encouraging this day. trading thing, I can't believe I'm just. like even like accepting that. Um but. even still, like why aren't you working. at all? I Well, originally I wasn't. working. because of the dog bite, but after that. I mentally I went between I kind of like. bounced between. do I need to work or do I not need to. work and I've kind of just settled How. How is How would the answer be you don't. need to work? I mentally.

I think I make more money than I do, which I know that doesn't make a lot of. like concrete sense, but. are you talking about? Yeah. It's. What? That didn't make any sense. What. are you hoping to make on your $50,000? I'm hoping to make about a thousand. bucks a month. Okay. I'm planning to make that happen. a year, you're not living off of that. No, I'm in the process of getting a. have to work. Yes. Uh well, that is the idea, yes.

Uh but I I. So, what is the plan then? I have been applying to jobs, but. What? I a lot of fast food jobs. Yeah, how often? Probably once every few days. It's definitely not. You have so much free time you do. nothing all day. You're right. You're. right. And I And most of the times. they're like noon anyways, so. to 50 Yeah, you just trade the market. open? Yeah. Yeah, you apply to like 50 a. day minimum. Yeah.

I don't even know if there are 50 jobs. out there minimum. In Houston? Is there? Oh, shut the [ __ ]. up. Are you kidding me? The third fourth. largest city in the country Oh, where. are you from? I'm from Nebraska. Okay. So, well, that's a state. It's not like. a city. I'm from Lincoln, Nebraska, which is. like. Okay, there's there's more than 50. openings in Lincoln. Yeah. Well, yeah, I'm very I am I'm picky though. You're. in the fourth largest city I not being. able to pay your bills. How How are you. allowed to be picky not being able to. pay your bills? What kind of entitlement. is that? I I guess mentally I just I.

think I can. I I give up on my bills. That's the. honesty of it. And that's partially why. I'm in this situation cuz I get to the. point where it's too much to worry about. and then I just give up on paying them. What do you do? What is your goal here? What are we trying to do? I'm trying to. get a. I guess a path to move forward. I I. don't Okay, give up day trading, get a. job, be a man, be an adult, act your. age. You're not 12. Well, I can do both.

Can I? Well, you're really limiting. yourself in the job pool having to be in. front of a computer screen from. 9:30 Central to. you know, noon. Yeah. You're really limiting your job pool. I. It's definitely. Especially the lower income jobs, to be. honest. Yeah. I. with the. That's why I figured fast food or like. something restaurant ones. 591 fast food openings in Houston right. now.

591? Maybe I'm just not looking hard enough. I but. apply to one every few days, so Yeah, I. applied to like a couple serving. positions. 290 open in Lincoln, Nebraska. 290? That. That's a lot more than I anticipated. People like fast food? Look at my belly. Yeah, I mean, I definitely do, too. My. spending proves that. How the [ __ ] can. you spend money? You don't have money to. spend. Okay. What would you give yourself a score. zero to 10 for your finances? Zero being. the worst, 10 being the best. Where do. you self-assess yourself? I'd like to.

think I'm at a one, probably like a half. like a point five. Point five. Well, at. least it's real. At least it's honest. You want your Hammer Financial Score? It's free. Link in the description. below. You can also go to. CalebHammer.com/apply. If you have. interesting stories, if you have world. views that you want to be challenged, if. you're a weird day trader or something. apparently, you can also apply to be on. the show. We'd be happy to have. uh you know, a variety of finances. Okay. All right, let's take a little peeky.

This day trading thing. Do you know uh. anyone by the name of John Carter for. trading? John Carter? That sounds like the movie. that came out once. Okay. No, I've never. heard of a Carter. It's like one of the. only few people that's actually making a. living off of doing the thing you want. to do and somehow you don't know who. that is. That's crazy. Cuz like no one makes a living off of. it, but okay. Yeah. You think usually. people that have a passion into. something. usually get to know the leaders of their.

field, but. Yeah. I don't have a lot of hope for you. making it in this day trading. So, this was. Okay. This was at 4,427. Then it was $35 of interest accruing and. it brought up to 4,462. Now, the minimum payment. $726. Yeah, that's that's cuz that's about. three months behind. Because it was three months behind. Actually, it might be more cuz I think. the payment's actually 121.

ridiculous. Well, that's it that's I mean, honestly, that's just the actions of a child. It. really is. You can go work Mhm. five hours a week. and at least try to make a payment. I could. But instead. what do you do all day? Okay, you trade. from 9:30 to noon. What is noon to five. look like for you? So, it's a lot of. It's a lot of Netflix, maybe some. trading stuff, but there's I'm not doing. a lot to be fair. Nothing even good to.

watch on Netflix, so okay, great. And. five to 10? Yeah. Five to 10, like p.m.? Yes. Well, I mean, I go to bed around. like 9:30. So, more Netflix, I guess. I I don't. really have. That's my I don't have a lot of things. to do. So, you're right, but. Then there's no reason to not just work. And you might make friends at work as. well cuz I'm assuming it sounds like you. don't have a social circle. Oh, no, not. yet at least. So. and I would encourage that and also. let's take some of the time cuz you're.

not going to work every day. You know, I want you to catch up on your. bills. Maybe we're joining some clubs as. well. Like I want you to have a social circle. It's important in life. Yeah. You know, find some hobbies. But I feel. like you're into some nerdy I'm into. some nerdy Yeah. You know? Yeah. Go find. a nerdy club. Maybe. Maybe. We'll We'll see. But uh I. It's It's just I don't I feel kind of. bad going to a job, especially if I like. leave it within like three months. anyways. Why would you do that? Because. at the point I get to the day trading.

point where I don't need to work. Oh, shut the [ __ ] up. You've been doing. it for four years and you've only made a. couple thousand dollars. You think in a. few months you're going to be making a. full living off of that? And oh, I'm so. sorry, boss. I'm making so much money I. have to leave now. I did I What the [ __ ]. are you talking about? I do think that is exactly how it's. going to go. you live in beyond delusion world. What? How do you think that's going to work? How do you think that's going to work? You plan to make a thousand dollars a. month off your $50,000. Mhm. How are you living on $12,000 a.

year? Essentially like the poverty line. The idea is I would make more. Oh. Oh, is that the idea? Okay. Well, you. told me a thousand dollars a month. So, Well, that's my current That's my. current cap. I mean, I don't have I only. have a $50,000 account and I can only. safely trade a certain First of all, that's insane. I mean, what what what is. that? That's a 24% return on a yearly. basis. For. for the. Which Which one. account balance.

24% on Yes. Oh, on the 50,000? Yes. Oh, okay. Yeah. Which is an insane number. and you're going to make more than that? Well, I You're not making any money to. put into the account. So, how are you. going to make more than that? Well, I. don't. As the thousands honestly insane as it. is. Yeah. Well, I don't have to make my. make like money to put into the account. I can only take it out. I can't put. anything in. But uh The idea Why are you. even taking advantage of this? There has. to be strings. There has to be something.

weird here. I wish I knew more about. this. I There's a lot of What's it. called? Uh Topstep. I'm also doing another one on Apex. Two? Huh? Two different $50,000. five currently. So, which accumulate to right about. Topstep Trader? Yeah. So, it's a pretty It's been a popular. concept for a while, but You sound like. someone that just likes to take. shortcuts. Well, I have definitely tried. my fair share amount of shortcuts. What?

For sure. I tried to gamble for a living. once. Well, you basically still are, to be. clear, but that's insane. But even worse. Well, even worse. What? I was I was going online. I was. transferring crypto to a online gambling. site and I thought, you know, if I could. just turn this $50 into like a thousand, two thousand, then I could live off of. it. But that that kind of blew up in my. face, so and. yeah. One second. I might bring in an outside.

source here. Might have a phone in. Uh so, I don't know. For I did. some sports betting and it kind of just. graduated. I mean, that's usually just like fun. Yeah, well, this was one of my I've kind. of been on and off with trading and at. this point I was on with trading and I. was bored on the weekends. and like after I was trading so I. decided to sports bet cuz that's what. everybody in my circle kind of said you. know. Yeah, circle. Yeah, it was a pretty bad.

circle I will admit. This is. luckily luckily I'm not with that circle. anymore. But. that's pretty much what I did. It got to. the point where I didn't enjoy watching. sports. if I wasn't betting on it. Which is when I knew it was kind of. needed to stop. But by then I had already lost like. three or four thousand dollars. One goal become a top step funded. trader. Okay, multiple accounts earn and. take payouts from up to five Express. funded accounts. Simple payout strategy.

just have five winning days of. plus $200 to earn your payout. So the. money you win goes to them and then they. give you a payout. So they give payouts. up to a $10,000 without a split, but. after that. Yeah, but how much do you have to earn. in order to get that payout? Uh it's the five winning days. So after. five. five winning days make a dollar profit. You can pull out half of the profit. After five winning days. So you only get. half the profit they get 50%.

Until you get to 30 winning days and. then you can pull out up to the full. amount. How are they making money? Because well generally they make money. off of people failing challenges cuz. Ooh, you get a funded trader certificate. for your LinkedIn profile. You're going. to stand out among the rest. Yeah, I. don't think I've ever put that on there. real and get a real job to like Coursera. and get like a. accounting certification instead adult. but okay. I couldn't even tell you how. much money I've spent on education or. you know, trading or other businesses.

Probably. Probably Yeah, there's no degree. attached to all the money. Thinkorswim. I mean that's. Yeah, that's what I started at. But uh. Yeah, I started options trading. Which is. worse than what I'm doing now. you doing now? I'm doing I want trading. with a brokerage account. That's Yeah, but what are you buying cuz they're if. they talk about futures so much on this. page you're not doing Trading the. indices so like the Dow. Yeah. But. the goal is to eventually make enough.

from that oh. that and I'm assuming that will be in a. couple months. Well, actually I'm planning on it. I'm. not even assuming at this point. It's. basically guaranteed. I have good news. Okay. Someone I used. to work with who I also hired Okay. at a company where we actually sold. products teaching how to trade. Okay. I. wouldn't you know, I was just doing it. cuz it was my job. I would never. recommend anyone to buy products like. that. Not based on the company but just day.

trading in general. He also worked there. He was kind of. higher up at that company. Yeah. And I. sent him a and he says oh I know all. about. Topstep. I know all about Topstep. So. let's have him ask a couple questions. Okay. All right, Robert. I You're being you're. being screen recorded. So this guy is. signed up for. the Topstep program and from your point.

of view Mhm. your fake name is Ethan. Explain to Robert what you think how you. think this works. So basically I passed. my first challenge and then now I'm in. the process of passing four more with. Topstep and at my current trading half a. percent I'm making about a thousand. dollars a month minimum. It's about a. unit a week. Um but I'm scaling that. over the next few months without taking. out any profits. to the point where I will be making.

enough to sustain myself and grow the. accounts at the same time. Gotcha. So you've already passed Topstep. step one then. Yeah, I've got the Express account. I don't have a live account cuz I'm not. they don't release any information on. how to get that but. I've got that and then I've got about. three more on there. Okay. Cool. Yeah, so. you know, that checks out. I mean how. how Topstep works as I understand it and.

correct me if I'm wrong but basically. you you pay right a fee of like $165 a. month. So how does it Robert how does. this work? How how are they making money. if this dude just loses the $50,000 for. paying like a dollar a month for it? What is happening? They say if you pay a certain amount of. money a month uh we'll give you a. certain amount of cash in in in buying. power right? So you don't have the. actual money. You can just buy a certain amount of in.

this case futures contracts. based on that amount of money that you. get. Um and so right you can't just lose that. 50k in buying power or whatever it is. Topstep put put another company like. this put limits on it. So for example if. you lose $2,000 on the basic program. they automatically stop you from trading. right? Mhm. Yeah. And if you don't have. an actually an actual funded account if. I understand correctly.

you don't actually get real money. So is. this good for. Ethan to do if he he wants to make a. living off of this? Um you know, for Ethan. I'd need to know more about what he's. doing and how he's trading but so far it. sounds like you're in that small. percentage. Well, for how long Ethan? able to make a profit. How long have you been making a profit. with them? Uh currently it's only been about a. month. It's been one month.

I've been trading on the accounts for a. few months though. Gotcha. So you just. got funded after a few months of paying. Yeah, well I've been trading for on and. off for about four years so far. So I. traded demo trading before so with paper. money fake money just to make sure I was. profitable and once I had like the lot. sizes down the risks the rewards. everything all the data down then I was. able to transition into the funded. trading and I passed it in two weeks.

Gotcha. So you So out of those four. years you've been profitable for for one. month. Well, I've been profitable I was. profitable when I was options trading. but. generally speaking yeah, it's been only. about three or four months of profit in. my whole career. Gotcha. So Well, I mean. so far like Ethan um Ethan is doing well. and. you know, enough that you know, he might. be encouraged to keep going. but again. three months is not enough time to tell.

whether or not you can sustain this for. the course of a year right? Yeah. Because market conditions change as you. know and Oh yeah. That's true. Except for these past couple days he's. like only been a part of a bull market. Oh yeah, definitely lost one of those. days but yeah. Okay. All right, thanks Robert. Cool. All right. Whoo. I was scared for a second. What? I thought he'd say something. I. don't know I didn't know who you were. bringing on. Well, it sounds like you.

know, I it's it's interesting. Yeah. It's not something I would recommend. like anybody to cuz it take take a lot. of effort. you might have something not saying that. I mean again it's. been only a couple months so true proven. track record maybe not but maybe you. have. this. it's just the percentage of people who. make it is so low that it's just. Yeah. It's so hard. It's so hard because. it's the if you were just in bonds let's.

just say just in like low risk bonds or. treasuries or something. and you just held down a job throughout. your life that has a 100% chance. practically of Yeah, that's never. happened. You but you have a 5% chance. of making it in this. So it's just like. maybe you do well for a couple years and. then you blow up multiple accounts and. it's all you know, gone. You know, it's. just like it's I don't know that kind of. life scares me and it sounds like from. your past that you've just done.

try to become rich quick type gambling. for living like that's kind of thing. What else have you done? I've You done. anything else? I've been in four MLMs. See that just see that that is what. scares me. It's your entire history. So. like I I don't know how this is going to. be very different for you. I know you're. putting a little bit of discipline in it. and you've gotten lucky so far in the. easiest of market conditions. Well, I. wouldn't Well, the. I don't know if luck has everything to. do with it. It there may be a small. percentage of luck that has to do with.

it. you're not in a if you're buddy you in a. sideways market I I I would lose. I'd pay to watch that. I would lose in a sideways market. And buddy the market was sideways for. like all of. what 14 15 and 16? No, no, no, sorry. sorry. 11 12 and 13? Last week? No, 2011 12 13. Uh. We're just like it was just like. you know, like I don't think I don't. know. What happens when it's three years. of that? How are you going to survive. for three years? Well, I mean the. Right now you're just taking advantage.

of yeah, let's go. Yeah, well the. trading I do doesn't necessarily ride a. trend up. So a lot of it is done intraday. So as. long as there is not complete sideways. which is like you know, it's going up 30. it's going down 30 constantly then I can. make money. Plus with your monthly. payments to these accounts it almost. sounds like maybe your ROI isn't even. positive overall and if it is it's. micro. Well, at the moment I've put a. lot more money into it. from challenges and that's how the.

companies make their money. Yeah, that's. what I was that's what I was curious of. this whole time. I I failed a probably. about seven eight thousand dollars worth. of challenges in career and yeah, I've. spent probably triple quadruple that. to get like a chance to do a challenge. Uh current with top step it's weird. because a lot of the regulations have. been changed um for day trading. There's. a couple platforms that were pretty. popular, but um they've stopped serving. US traders. Um.

but other than that, the futures markets. like Wait, what was the question again? Is the Sapphire card the balance that. we're seeing here, or did you make part. of this from that fund? I That's the only thing I have not paid. on. So, I don't know how how the. even close you're going to pay $726. Like. I'll figure it out. Even the profits you make on this. account, you don't keep them. You get. 50% of them for a little bit and stuff, and then you're paying monthly towards. them. It's like I don't understand how.

you are going to make money and then. make your payments. Yeah, and I don't. you even get into debt in the first. place? Probably because you've just. refused to work your whole life because. you're like a literal man-baby. That's a that's a really long story. I. started It was MLMs. That that That was. the start of my debt. MLMs. Okay, let me get through this. credit card, and then I'll let you. Okay. I want to hear about them. It's. not It's not about Okay. What's the. normal minimum monthly payment for this. that you've missed? Uh 121. It's a. closed account. Um Thank.

Thank. Yeah, I knew you did I liked that one. to collections soon, probably. No, Chase. doesn't send it to collections. I've $247. in interest this year so far. Surprised you're not getting obliterated. with fees. Okay. Yeah, I went through a debt repayment. plan at some point. Like you pay like. you go to a person and then or not a. person, but the company, and then they. reduce everything, and that's Well, they. negotiate, yeah. Yeah, yeah. I did that. for uh 3 months. did that go? Um well, I stopped making.

money, so I stopped paying them, and you. know, everything just stopped. money because you're. refusing to get a job. How long has your. How long you've been able to walk? It's been It's been about a month and a. half, 2 months. Okay, yeah. We you know. Like yeah, because March 20. I'd give you a month. Month and a half I. think is a bit too long. You could have. You could have gotten at least fast food. job since then. Oh oh yeah. Oh yeah. I've been applying. I've had some. interviews. days. I I did have an interview last.

week, but How'd that go? I I didn't go. cuz I moved. So, and it was for 35 minutes away. So, I. re- tried to reschedule. to do anything in life. You are such a. child. There's it You're such a child. It may seem like that. Yes. How would it seem in any other way? I. Other than the receding hairline, what. what what other indication I'm not. homeless. So, it could be worse. Cuz you're aunt.

Yeah, that was that was a arrangement. though, so. I guess that's fine. it wasn't for depending on other people. and milking Mhm. them you know, the teat. of your aunt. you would be homeless. I like to I like. to think I can handle all my own bills. How? You're not paying your bills. You. just said you weren't paying your. consolidation. There's. You're not a credit card person. I. wouldn't even I I love the Fizz card for. all those people in most guests. I. wouldn't trust you to do it. I wouldn't. trust you to do the Fizz card. Yeah, I do have a Fizz card. How does that How do you do?

There's a balance on it, so. I. Yeah, I I pay it off every month though. You have to. Yeah, you're right. So, I don't have a choice. Exactly. But uh. I was going to say something else, but I. can't remember what it was. That works for most people, but you. Yeah, I I kind of just. I I just look at the things What? No. No. I want No. I want you to explain how. in the possible you think you would like. to think that you could make it on your. own. In what way? In what way would you.

possibly be able to make it on your own, man-child? If put in a fight or flight. kind of area. fight or flight. You're not paying your. damn bills. Yeah, but I haven't It's not. not that bad, is it? I mean, it it could be worse is what I. mean to say. I I don't even want to respond to that. I mean, you know that's dumb. How many. times have you seen Have you seen the. show? You've seen the show. Yeah, I I I.

have. You Have you heard me respond to. that before? I don't remember how you. respond to that. But I know you don't like it. So, why'd you say it? Cuz I I live by that. So, I say that. by that? daily. Like I literally say. that daily. philosophy in your life. That is an. actual philosophy, yes. So, okay, because I inject one. needle of heroin a day instead of three, it's okay because it's worse out there. for other people?

that is pretty bad. I shouldn't laugh at. that. Uh but it. That's another thing I did. there are people getting bombed. somewhere. that means you acting like a child is. okay? I heard you guys wanted to get. dirty again. Dirty money is back, and. this time you're going to be a lady in. the streets and a freak in the sheets. And you know who you usually meet in. those sheets? I'm personally into BBWs, budgeting, bonds, wealth. And this sexy.

merch is only available through the end. of this month, and then it's going away. So, to give you a little extra sweet. treat, we're bringing back the classic. dirty money as well. BDSM, [ __ ] for. index funds, finance daddy. If this. isn't for you, you can eat my assets. because I am myself an assets man. Go to. calebhammer.com/dirty. to check it out before these designs go. away at the end of this month. And as an. extra special sweet treat, every order.

over $100 gets your favorite asset. signed and framed, the hammer dump. truck. I. It's Because people in the United. Kingdom have half the median income as. the people in the United States have. it's okay that you live at and below the. poverty line by choice and milk off your. aunt? Because it could be worse, it's okay? Yeah. Again, when I talk about acting like a. child, that is the mindset of a child.

That doesn't make sense. It doesn't make sense. It's the way I. think. I don't How do I How do I change. that? Well, accepting the reality of your. situation. If you You're right, that's. how you think. But often times, if we. think something if we have a world view. if that world view is challenged Yeah. and the challenge makes sense, which I. don't know how you could refute that. Feel free to try. I don't encourage it, but. that's when you adapt and change. If. you're. just uh immovable brick in life, then.

you're not going to make it anywhere. You're not going to make it anywhere. We. should all be willing to change. everything. Well, I just kind of figure one day I'll. be where I want to be, and then I'll. that work? Cuz that's not how goals. work. That's not how goals work. That's. not how goals work. That's not how goals. work. That's not how goals work. Yeah. By the way, that's not how goals work. It's worked so well so far. You're not paying bills. You're living. with your aunt. What the [ __ ] are you. talking about? Yeah, and. I I do admit I need to move out of my. aunt's house. Yeah, but how would you be. able to afford that? Well, I mean, I'd. I'd figure something out. I mean.

Oh my. This is This is like actually insane. That's the way I think. If I look at. something. it this far? That's a That's a very good. question. I'll tell you how, by milking off of. other people. That's It's There has been. some input from others, but it's always. specifically. living situation right now. Well, I don't I don't know about entire. Like. maybe part of it. What the [ __ ] are you on about? You live. with your aunt. Well, yeah, because it's.

a new state. I don't know if I like it. yet. Like what if I want to move to a. different state? I don't. I haven't gotten a feel for Texas. you even trying to do? Why are you in. Texas? Uh because it's not Nebraska. Well, that's fair, but. So, well, there was a lot of. responsibilities I had in Nebraska that. were not mine. And we know that you. can't deal with at least a single. responsibility in your life. Well, I and I especially can't deal with. them when I'm dealing with everybody. else's responsibilities as well, so. Sure, I'm sure that's a big load of. [ __ ] on everything you've said this.

entire conversation cuz you've lost all. reliability as a trustworthy person. You. can believe what you want to believe. I. mean, it is the truth. that after this entire conversation. Come on. We're 40 minutes into the you. around Yeah. I'm being a child. Yeah. Come on. I'm running life, not in this. interview, but I mean, you're actually I. mean, you're giving me what you think, but you are a literal baby. Yeah. You. You were like just born. I know I'm so. insulting you. Like but I don't give a Like I mean, it's I'm kind of disgusted by your. existence. It's I mean, I'm.

It's a joke. And that's kind of why I'm. here. I want I want a plan to follow cuz. whatever I make I Whenever I make a. plan, I don't follow through. Cool, so. why would it be different if I made you. a plan? Uh because I've seen you make. plans for other people. I've seen other. people successfully execute those plans. Yes, but those other people weren't. beyond delusional. Yeah, I can't I can't argue with you on. that one. It is I'm. part of the 1% but It's cuz you're. telling me Listen, It if you didn't tell.

me I think it's just going to work out. I will just end up in that plan. I'll. just figure it out if I move on my own. You didn't tell me all these absolute. insane things that are not based in. reality Mhm. I'd be like, yes, let's get. a plan. This dude. is in the real world and can figure it. out. You're not in the world where plans. exist in your brain. You haven't. You haven't been forced to grow up yet. You haven't been forced to because. you're just able to rely on other. people, and you're able to just go into. debt and allow it to just flow away.

What What at this point would allow me. to earn back your trust and how to like. take care of all this cuz I I I to get. this conversation and I'll tell you. So, I just. I need to get this behind me. I. How'd you deposit. uh What What's this Coinbase thing? $4,928? That's the NFT. I had to withdraw. through Coinbase. There we go. Okay, so that was basically. your income. Yep.

Okay. So, I I. Listen, if you did again, I know I'm. I shouldn't be insulting you as much as. I have. Um. Not you know, couple couple jabs here. and there. We do that, but it's just. like I don't know. A lot of people make dumb choices and. they make dumb excuses and that happens. cuz people are defensive when they get. on camera. Just but your world view is. so de- detached from the world that that. is what that is what scares me. If you.

if you want to blame anything for my. world view, you can blame the MLMs. Okay, so what are the MLMs that you got. involved in? I was in Amway right when I graduated. high school for 2 years. I was in Amway. And that's where most of my viewpoints. come from and I've met a lot of cool. people through that, but How'd it work. out? I lost a lot of money. Then how was. your world view based on something that. completely you? It's just it's. association, you know? You get around. people that think a certain way and now. you think a certain way. I mean,

I don't like jobs. That's probably the. only thing that I got from that. Really? Yeah. That's what you got from that. That that maybe. Clearly cuz you didn't There There are. better things than jobs. you're just lazy. You want rich quick. You want rich quick. That's all you. want. like if I wanted rich quick, I wouldn't. have spent 4 years doing something. on and off. I mean, I'm not going to say it's like 4 years. every day, but every few months or. things that you're participating in are.

in those avenues of quick rich. You know. what people do when actual successful. wealthy people Yes, some start. businesses that do well. Some will 1%. will, you know, make money in that day. trading. Some will of like a very small. percentage and gambling will all of a. sudden make enough to live off of. What. the vast majority of us do, they open a. brokerage like I open Moomoo for my. brokerage. I invest in like the S&P 500. overall US market fund. overall United States stock market and. then by the time I'm like mid-60s, I. retire. A, you know, successful wealthy.

individual. Yeah. That is what the. average person does. You are just. average wealthy person. You are just. trying to get there today, but instead. you're ending up negative. To be fair, I've never considered myself average. Does that help? Sure. I mean, yeah, you're just. continuing to explain your insane world. view. Most Most of the. things you see in front of you are from. 2 years ago. And that doesn't make it any better.

You don't seem like a real person. You. really don't. Like you're like a. make-believe character. This This whole the whole debt situation. You came out of an egg. So, I mean, I I can't I can't say. whether that's true or not to be fair, but. no, this is this is like 2 years of my. life What was after Amway? What was. after What was the next one? Um Amway and then I I took like I swore. off MLMs after Amway and then I got into. another one like a year later cuz. somebody convinced me.

But um the other ones One was like World. Ventures. It was a. travel MLM and then there was also like. the IM Mastery, which was a trading MLM, but they don't do any stocks and stuff. They're mostly. That's a gentle way I will get the spray. bottle. I'm sorry. It's a I bounce my leg and I. tap things. I. Can I have it, please? I don't trust his fingers. Yeah. But. no, that's And then I also joined one. for um. the WFG is what was it what was called.

World Financial Group cuz thought at. some point I wanted to be a financial. advisor. And I did take steps to do that. and it didn't happen. So, Now, that was a funny joke. It It was a real ambition for about 2. months. You know you would have to go to school. to become a licensed financial advisor. You need a bachelor's. just need certifications. That's what. everybody else told me. degree in order to get like a CFA, though. A CFA? Oh, not not like a CFA. I'd get like a the the series licenses.

I just And then they would sponsor me. for the seven. I wouldn't get a CFA. But I guess it depends on. This was the one, but in terms of like. selling different packages. Yeah. Well, that I'm interested in that stuff. I. just have never had the capital or the, you know, I know you've never had the commitment. in anything in life. Yeah. Yeah. Yeah. Other than trading. Trading's the only. thing I've ever long-term done ever. you committed to. I know I know in your.

recent past you committed to spending. $6,000 in tipping streamers. Yeah, that. was that was loneliness was what that. was. But you're still lonely. Uh I'm not. lonely anymore. live with your aunt. Well, I'm Oh, it's I wish I was lonely, dude. But I wish I was living on my own to be. fair. But no, would love you to I would love I want. you to find a social group, a good. social group because again, the people. you surround yourself in your MLMs, you're right. A lot of them impacted. your world view. However, you know what. the rest of us typically do? I've made.

mistakes. I've been dumb. I have a dumb. past and obviously we all continue to. make mistakes and mistakes will be made. But what I do for the mistakes is I do. them. Then I'm like, "Oopsie. Oopsie. That was a mistake. We. don't do that again." You're like, "Oh, that was a mistake. Let's do that. mistake one more time. Oh, let's do it. again. Let's do it again. That was. pretty fun." Let's do it again the fifth. time cuz now you're in your fifth. mistake. like there's a lesson to be learned in. every mistake, though. Yeah, and you haven't learned any of. them, it seems. But if I learn a different lesson in. every mistake. your lessons again are in that like fake.

world, though. Cuz you're not in the. real world with the rest of us. So, it This conversation, honestly, I'll. be honest. I'm going to be honest with the audience. as well. This is a hopeless. conversation. Yeah. What? This is a hopeless. conversation. That being said, there is. a dumb 17, 18, 19-year-old out there. that's like, "I want to be a. professional day trader." Watch this. episode and I'm going to continue. because this. don't. You're about to learn. So, But.

no, this was 2 years of my life. racking all of this up and I've just. been kicking the can down the road ever. since. So, I'm trying to change that. Unfortunately, this is turning into an. example episode of not being able to. help you episode. I apologize for that, but I don't think that your world view. is so it needs to be. What? You're in like the mirror. dimension or something, you know? Doctor. Strange needs to pull you the back in. What if I told you I'm going to get a. job by the end of the next week? Oh, that that would be great. How? Well, I have three interviews.

Okay. So, are your interview skills? Cuz that's. important. I've done a lot of. interviews, so I hope they're good, but. I've never really Yeah, and how many of. those interviews have worked? I've a lot. of them, actually. Okay, so you get lots of job offers? I. do. I just deny a lot of them. But. That's a start. Who's going to say. you're not going to quit in 3 months. like you said you will? These. Well, I If I'm in the right place, I may, but. I I will commit to 6 months at the. minimum at a job and if trading is not.

doing well by then, I will continue. Oh, I'm excited for this 6-month call, friend. Okay. It's. I I have already If you had talked to me. 6 months ago, I wouldn't have never. considered You could have said job and I. would have said, "Yeah, no.". Oh, so you graduated from the age of 5. to 7. I I think I I'm sorry, guys. I'm being. mean. I know I'm being mean. I'm being. mean, but I This This world view. legitimately is I Nothing gets under I'm.

I'm talking candidly to you right now. Nothing gets under my skin more than. this world view. It's like insane. Like. actually. Like You could be a racist and. I'd put you on the same level or. something. I mean, your responses are. exactly what I've been dealing with for. the last like 5 years. So, I'm used to. it this point. Um but. I am willing to change. He's tapping. I've so I've tried to I. Stop. I've tried hard. It's I can't fidget Fidgeting is has.

been in my blood. I don't I'm going to. put them in my lap and not move them. All right. Where was I? Did you catch up. on this payment for the climb launch? Yes. Okay, so the normal payment is 135. Yeah, and it's like it's 135. You were behind, but. for 6 months and then it's 230. continuing. Wait wait When does it kick. into. 6 months? Last month was month one. So, 6 months. would be what? December or January? Okay. I That was.

That was a mistake. That student loan. This is a student loan? Yeah. Oh, man. Okay, what's the balance? 10,395. with me at 16% interest. That's. ridiculous and then of course you had a. late fee. Well, you went to school. No. That's that's for a that's for a coding. boot camp. Oh, coding boot camp's so great. Oh, okay. I thought I thought you were going. to. Well, Well, why would I be against that? Oh, I I didn't know. I didn't know. I. mean,

a lot of people No, I mean, it's only a. month in. I mean, I'm You're doing it. right now. I know how to do HTML, but that's the. extent of my So, you want to work in. coding all of a sudden? I did. But I. really kind of just. I just want to create things. That's. pretty much my only goal there. Is that what you want to create? Cuz I. like to create things, too. There are. things I wouldn't want to create. I. wouldn't want to create a tower of human. I'm confused now. What is this what you want to create? I I do want to do that. I was generally.

interested in it. I am interested in it. Let me change my words. But I haven't. done it as much the last week or so. Oh, you are not a commitment person. You. can't commit to anything past a couple. days. It was I was doing Netflix I was. doing it for like a a few weeks and then. Oh, what a big boy. You know, things happen and I just I missed a day. and then I missed another day. on Netflix. Yeah, yeah. What happened? You do nothing all day. I get really. distracted like really easily. just I feel like I keep making fun of. you, but you just keep saying insane.

[ __ ] dude. Like, what the. Yeah, I I. You signed up for a boot camp for. 10,500 bucks at 16% interest rate with. minimum monthly payments you cannot pay. because you don't pay. Yeah. You already. almost missed one, but you find an extra. NFT and you sign up for coding because. you like to build things and you're. somewhat interested in it and but you. participate in it for a couple weeks and. we're already off for a week because. something happened, but nothing happens. in your life. So, what the [ __ ]. happened? Let's not I don't know what to. do here other than just take a [ __ ]. just just just.

To be fair though. Holy you. To be fair though, a hurricane happened. last week. So. Was it that? Was it that? have power for Yes, it was it was that. Okay, that's an actual valid thing. It's. the first valid thing you've said this. entire 50 minutes. Yeah, yeah. That Yeah, that alone I. moved into a place on Friday last week 2. weeks ago for like an extra 200 bucks a. month so I could have my own space and. then the hurricane hit and then I had to. move out and that's where the extra. thousand is coming from. from refunds cuz I'm returning the bed.

and all the furniture. What about the. landlord and the contract you signed? Uh. it was only a 15-day notice and the. landlord's cool. I know him. Oh my god. So, you can't Okay, your. life. Yeah, it's it's a mess. I. understand. I actually help you? Cuz I know I I just. need a plan. I but but but your plan would rely on. the real world. I'm I'm asking myself. right now, what can I actually do to. help you cuz I do want you to walk away. with something positive. I really do and. I know I'm just an absolute right now.

But I really do want you to walk away. with something positive, but. If I don't know, man. If we can at least. take. like if I get a one of these jobs, if we. can. like go over a budget for this stuff. including the extra thousand from. trading What a budget. So, like a. budget. I will create a budget for you. I'll help you with Then I will follow it. to the T. But no, no, well, that's the thing. You've done you've done things. Now, I. want you I want you I just like the.

coding thing and this one's obviously. much shorter much shorter, but there are. quizzes and stuff. Go through our. budgeting program. Okay. I would do our. investing one cuz you'll learn how. you're doing is as well. You guys can do it at a bundled price by. the way and get a free $100 in coupons. uh towards it. So, but either way, I want you to go through. those programs cuz it'll help you only. stick to the budget and make and manage. yours. But yes, I will make one for you. It's going to be a loose budget though. Uh in terms of just high level.

But again, you've made stuff and you. haven't stuck to it. So, I I don't know. what's different about uh. mine. Like I'm. more. I was going to say more dedicated, but. that's not actually an answer. Um. what's the words? I my mindset has shifted in the last few. weeks. and I just I feel like I need to get. this out of the way and I need to start. making some progress or else like. everything I'm going to have to move. back to Nebraska, which is the absolute. last thing I want to do. Corn? Yeah, yeah, corn and responsibilities.

and I don't I don't like either of those. as we've established. Definitely the second one now. So, um. but it's just mentally I am much better. up here and I need to stay up here. So, I'm. Down. Down. Yeah, I. still haven't corrected that, but. I I believe this is the turning point. I. hope so, man. I literally hope so for. your sake in your life. Do I have hope. in it? I'll be honest, no. But I hope. so. I hope so because you are a human.

being and I you I want you to have a. great life just like any other human. being and I think you can turn it. around. Not based on the world view you. have, but I want you to turn around and. I do hope you do. I really do hope you. do. Right now, if you guys use my Moomoo. link in the description below, you can. literally get 8% on your money that's. sitting in there for 3 months. It's. absolutely incredible. Plus, you'll get. 15 free stocks just for signing up with. my link. This is literally free money.

So, make sure you're taking advantage of. it now. There is no reason not to. Sign. up now. Link in the description below. I. feel like the difference between this. time you giving me a budget versus me. creating my own, I'm only competing with. myself when I'm making my own budget, but this is. this is going to be on the internet. Like I can't go back on my word now. So, it's kind of a way to force me into a. checkmate of sorts. And you're going to. come on for a follow-up and I will take. the taser from the back and just Yeah, if you don't do it. Tasers are not pleasant. You've been through that? I've I've been.

tased before. Why? I just. It was a party and things got hairy. So. I. I don't like to talk about it. It was It. was pretty rough. All right. Just go to the bathroom. before you get tased. Hm? Nothing. Can we talk about that in the post show. or do you not just not want to talk. about. Sure, all right. All right, we'll talk. about that in the post show. Something tells me he hates himself, but.

um. Okay. That would be bad. Liberty First. Mhm. This is the only I think credit. card apart from the Fizz. And the Sapphire? Well, that's closed. I'm saying active. Yeah, active. Why. don't you send me a statement for Fizz? I I think I I sent it originally in the. documents before, but I might have. forgotten the second one. I can bring it. up. Yes. Okay. Now we're at the first. You can get it ready. Okay. Liberty. First. We have a balance of a thousand.

thousand dollars, right? Yep. That. should be it. I'm going to write the balances for. these last ones down. It's at a stupid I. don't know if the interest rate is. listed on there. It might be, but I know. the interest Yeah, I know the interest. rates of all my debts. What's the interest rate on that? 12.9. about it and you don't do anything about. it. 12.9, okay. Yeah. Yeah. Okey-dokey and you have a $38. That's not the normal monthly monthly. payment cuz that's what's stacking up.

after your missed payment, but you. caught up, right? What is the normal. payment? The normal payment is 30 bucks. 30? Yeah. Okay, it was 38 here. That's. cuz of your late charge. give or take like a dollar sometimes, but yeah, it's just it's really low. interest. That's the only reason I still. have it is because uh well Advance. credit card late fee. Late fee. Okay, great. Wonderful. Uh the interest rate is at 10. Yeah, I. have I have Dave. uh hooked up to that. No, you don't. And I think it's like 400. micro payday loan? Sometimes, sometimes. Oh, just get a.

job. When it's really desperate. solution is literally just work for a. single second of your life. What a. Nope. What? Hm. I'm trying to move past all that. Okay, Members Own Credit Union. So, we. have a loan here. Personal? Uh so, that was a credit card that was. transferred to a personal. Great. I would say that works. Well, it was a. So, the bank actually recommended it.

Oh, of course they did. Um but they. Well, it was a. It was a $5,000 credit card and a. personal loan that I had. combined. Damn. I'm talking with my hands. I'm. sorry. But yeah, that's what that is. They only. send statements all in one, so. they're all in there. Okay, so $5,503.87. on that one. What's the minimum for that? Uh for the. five uh is that the personal loan or is.

that the car? The personal is 179 a. month. I don't know how you there's this. buddy, your your minimum payments have. stacked up so much and your income is. zero. This is Yeah, that's pretty close. What's your car? What's your car? Uh. it's a Hyundai Elantra, 2017. How she doing? Uh it's pretty good. I. mean, I can get at least 150 out of. them. So And what's the miles? Currently 93. Okay. I just uh did a tune-up, so. Interest rate? Uh 5.9%. It's not horrendous. Uh $7,975.87.

What's the minimum monthly? Uh minimum. monthly 332. Okay, you owe basically $8,000 on it. What do you think it's worth in its. current condition? It's probably like 5 9 or 5 8. Close. Like 5 6. So, I think I looked at it. like two a month ago. So, I was considering selling it, but I. realized that was a bad move. Pro maybe Yeah. I don't think I would sell it at that. rate. Minimum You just have to make. money and pay for it. Yeah.

Okay. Then a thousand bucks in the actual. credit union itself. Is it Is there a thousand bucks in. there? Was. At least at the time of this. statement. Oh, yeah. They It transfers. into my like my savings. It transfers into my savings. you wet, buddy. And then it auto. transfers to the loans. So, that's how the process works there. Liberty First. Mhm. Uh that's probably checking. But I see a Mastercard.

That's the thousand. Did we already go over that? Yeah, it was the first one. Oh, we did. Yep. Okay. Yeah, that's the only The. only reason I have that account, I was. getting paid through that um. from the state of Nebraska up until uh. February. So. Okay. And let's look at the checking. account. And I don't They don't make it. very easy. Okay, there's your Netflix. Topstep Trader, 149. Yeah, cuz these. payments so you're not even No, you've. put more money into it than you've made, of course. So, this is going to be. great. It's an investment.

Sure. I'm just I'm sorry. That was That was. out of line. Out of line? I. I I I look at it I look at it as an. investment, but I know you don't see it. that way. Apple bill. Going inside getting some BS. Imperial. nutrition. $3. it's like. protein shakes. You working out? Yeah, I. mean, I'm trying to. Give us those gains. Oh, yeah, it's it's pretty rough. It's not going well. That's a lot of.

swimming. Oh man, a little sneak peek in. that armpit hair. No, yeah, it's. McDonald's, Coinbase. Coinbase in 31. bucks. Oh, Dave. We're Dave-ing and there's. Raising Cane's. Okay. Might as well work at Raising. Cane's. Spend so much money. Refund? McDonald's refund. Or it was an advance McDonald's. I don't know. Oh, and then 270 in this. checking account in your Chase. Ah, here's where you spend money, isn't it? Oh yeah, this is my main This is my main.

checking as of like 2 months ago. So we. got a little bit of money from our NFT. So let's go to Texas Roadhouse, get. those rolls down our throat. Chipotle, go inside getting some BS. McDonald's, Texas Roadhouse, Chipotle, Top Step. Trader cuz we're not making a profit on. there. Dairy Queen, going inside getting. some BS. PlayStation Network $43. What. did you get? Reoccurring. See see, I. forgot that was happening. That's a. 3-month. subscription for plus or something. I. haven't touched my PS5 in like a month.

I'm trying to sell it. Cancel it, sell. it. Selling out $800. Yeah, that was. rent. For the for the new place, that was. rent. I'm getting half of that back. Can't believe you even considered that. cuz you can't even pay your bills, buddy. You're so far behind on your. payments. You're just putting wants. wants wants. I want to live on my own. Want want want. I want all this and want. want want. I want to firm $653. was that was the bed. That's going to be. a refund. So, what's Zen Business? Uh that's my.

LLC. You just formed it? Yeah, just like last week. There's. nothing in it. trading? Yeah, to avoid the taxes. So. What taxes? Like the not the income. taxes, but the all the federal and stuff. tax Not avoid the taxes, but to separate. my personal and my like business. account. Does that make sense? I don't know if. that makes sense. Yeah, it's an LLC. It's a limited Yeah, I don't I don't know anything about. LLCs, so I'm not even going to try to.

explain what an LLC is. I just know it helps to separate the. things I'm getting from the business. Yes, it's good to separate This is 1099. or not 1099, but something else for. investments. It's good to separate. different bills and accounting. Mhm. I want to check up on something extra. cuz. before I throw something out 99%. confident on, but I want to you're. making me question it. I know trading's. a weird area. I know that it's not.

considered like earned income because. I'm not providing a service for anybody. but myself. No, I know you get capital. gains, but you get short-term capital. gains. Yeah, which is what I'm Yeah, but. if I trade under an LLC, it helps it in. some way. I don't know exactly the ins. and outs. I think there's extra tax for trading. your own money, right? It's somebody. else's money I'm trading. It's 50,000. from Top Step. that has nothing to do with your LLC. No, just the money I'm. Yeah, you're right. You're right.

Cuz I mean, you're only getting paid on. what you're able to actually get out of. there. Yeah. Cuz it's a weird little thing with this. company. Yeah. So, I only get taxed on what I pull out. So, I kind of just opened it so I could like. split the taxes and not freak thing off. so I could be a responsible with the IRS. from now on forward. Well, you're trying to get like. write-offs and tax breaks on certain. things, but I don't know a lot of. write-offs I could get though. Exactly, but. uh. maybe a laptop. LLC's are merely just as a pass-through.

And I just want to. Plus future-wise, if I ever want to. buddy. What you're saying is just. completely wrong. This isn't saving you. anything. Now, what you're working on. Mhm. Yeah, it's just going to get short-term. capital gains tax. But what you're. working on with the trading the other. people's money, I don't know 100% with. that. So that's what I wanted to. confirm. No, the LLC does not help in. any way with the short-term capital. gains tax. No, it's a pass-through,

buddy. So I don't know what you're talking. about. I don't know either. I'm not I'm. not a tax professional. it? Uh because I wanted to separate it. It's. not going to save you any money. Cuz I. wanted to separate it. Yes, that makes sense. We were we were. talking about taxes though. Yeah, well. and this is way down the line. Apple. bill, Apple bill, Apple bill, Apple. bill. I don't trust your way down the. line cuz you don't know what's happening. in 2 seconds from now. We can talk about. that later. Doubt it. Coinbase $30 is out. Top Step Trader 149, Top Step Trader. 149, Top Step Trader 149, Top Step.

Trader 149. You're not even close to. making Oh, more Zen Business. Uh. more of that protein stuff and Marble. Slab Creamery. Wonderful. We make no. money, let's spend it. Going to a restaurant, I think there's. Chipotle, Sonic Drive-In, Kolache's, going inside getting some BS or. groceries. It's a little hard to tell. with that one. And his hamburgers, Texas. Texas Roadhouse, Kolache's again. Going out to eat every second of our. life even though we literally make $0.

To be fair, to be fair, a lot of the. later statement is because I had no. power or no way to like store food at. our house cuz there was roaches. Mhm. So, I was going out to eat because. I didn't have any food. You're still so You couldn't you just go. with your aunt though? No, cuz it was 40. minutes away from my place. That's after about a week of no power, I. moved back to my aunt's. Okay. And after realizing there's roaches. Um so, that that's why I returned. everything cuz I know roaches love. mattresses and I'm not about to have a.

mattress, spend $1,200 on it, and I can. be okay. with some of it. Feel like you could. have made a little more sacrifice. driving to your aunt's. 40 minutes. Um Shipley. Salt green salt grass. And potential BS. Yeah, I've I've got a. real issue with going and sitting down. by myself at restaurants. That's a thing you do? Yeah, like. constant like more than I probably. should have and it cost me significantly. more cuz it's like I get my alone time.

I don't have to deal with anybody else. have your alone time? No. Cuz I live in with my aunt. You don't. have your own room? My sister No, I'm. sleeping in my nephew's room. Oh, I did. not know that. Okay. Yeah, I would want. to get my alone time, too. I'd go to a. park or something. I don't even know. where those are here. I haven't I. haven't A really awesome new invention. called Google Maps exists. some parks are like weird. They're like. really small parks that aren't really. parks. Just so they can say they can. better park, dude. What the [ __ ] are you. talking about? That's a such an invalid.

excuse. Such a stupid pointless excuse. Yeah. Yeah, obviously again, I don't. think that making the budget at this. point helps. I'll make you a budget. offline once you get a job and you know. what your income's going to be, but land. the job first. Okay. I can guarantee I'll have a job by the. end of the week. All right. Hey, your video won't up be up by then. So, you know what? Make a reminder to. confirm. It'll be in the pinned comment. We'll confirm it in the pinned comment. below. Okay. Give me something to work towards.

Okay, set a reminder to follow up a week. from now. Week from today cuz you said within a. week. Yeah. Um Hopefully by Wednesday. Mhm? I said hopefully by Wednesday. Okay, 6 days. Okay. So, yeah, you spent $5,000. You. made no money. So, again, this is this. It's a joke. You are Your world view is. of a child to be honest. Um I don't have. much hope. I'm just being candid here.

People are going to think it's rude. It. probably does come across like that, but. I'm also I want to be candid. I want to. be real. I don't want to baby you cuz I. think you have you've had enough of. that. Yeah. Um. Yeah, I'd get the job. I can help you. budget and then we'll start figuring out. how to get like a 1-month emergency fund. paying off your debt, but. As of now, your world view is what's holding you. back. It's destructive. You have you. refuse to have any responsibilities. You. just putting your wants over your life. and you're trying to get.

rich quick soon. Um. Rich quick as quick as you can instead. of actually putting in the work and. effort. I hope we can help you. from I hope this was a wake-up call cuz. I think that's the only thing that I can. help you with today. I'll do the budget. for you, but more than anything I also. This was more of an an example episode. I'm real Well, I started realizing. halfway through. No, I want you to walk. away with something positive. I hope it. has helped thousands of people out there. that are like, "I'm going to be a But. that's a new day trader." Yeah. I did I did feel slightly targeted when. I got off the call.

and I saw the day trader like email from. you guys the day after. I was like, "Dang." Cuz I told Yeah, I said I was a. day trader on the phone and it's like, "Yeah, it's coincidence." Probably, but. It's pretty funny. Hammer financial. score, grow the [ __ ] up. Make sure to. stick around for the post show. We're. going to talk about him pants, I think. That's my best guess. And then we'll dive into some of the. extra drama that we you know, didn't.

uncover cuz I don't know everything, but. my producers do and they'll bring in. some extra drama. And you can join the. post show in the description below and. you also see links to the resources that. I use or would use in specific. situations, including the best budgeting. and investing course, which are bundled. at a lower price and also giving you. $100 in cash rewards towards your. investment account. Thanks to Moomoo. Today on the Financial Audit Post Show. I was mean. I I mean this in a rude way, but Isn't that kind of the premise of. the show? Like, aren't you usually kind. of being That's the value. I'm just.

myself. I call out things, and the. calling out things can be aggressive, and I also like to make quips and stuff. like that, but I feel like that was. meaner than normal. But, you get one big. revenge spray right into my face. All. right. Right here. Just give it. Ah, okay. Thanks for that, actually. Felt nice. To. watch the financial audit post show, click the join button below.