Ego-Maniac Thinks She Can Manifest Problems Away | Financial Audit

you're not manifesting closings of. houses why can't I manifest closings of. houses that's not guaranteed it is in my. mind are you able to comprehend what you. literally just said technically I don't. spend out of my bank account I only. spend on credit cards you understand you. have to pay the credit cards honestly I. just like to spend money I don't want to. be in debt forever so I don't look at my. numbers what the are you talking. about all of our education is bundled. together for 15% off with a 30-day money. back guarantee go to Caleb hammer.com.

bundle or click the link in the. description or pin comment below hi my. name is Rebecca I'm 30 years old I'm. from Zanesville Ohio and this is a. financial. audit is it cheap to live in Zanesville. Ohio uh. somewhat okay because I want to get to. know you first a little bit more but I. mean I just can't help but notice that. in terms of income and spending. spendings over income yet for some. reason even with high debt High spending.

you literally have two houses I rent one. of them so I don't you rent one of them. and yet you're still under okay so. Zanesville is it cheap to get a house in. Zanesville do you rent it in Zanesville. cuz that was a concern I rent one in. zville and I live in one in Zanesville. okay and I shop a lot and I spend well. that's probably why we're in it okay I. like to buy new stuff for my houses. houses the ones that you rent out yeah. okay well let's get to know each other a.

little first I just had to know that. about Zanesville cuz seeing someone with. two houses even if one's rented that. should be even more of a reason for us. to have more coming in than going out. but you have more going out so I just. had to know about Zanesville well I. don't charge the people who live in that. house a lot to live there they pretty. much just pay the mortgage so it's not. like it's an actual income okay okay. we'll talk about that we'll talk about. that what do you do in Zanesville for a. living um I'm a. realator uhhuh yeah right so how much do.

you make. um zero unless I sell a house no sh how. much do you normally make um I make. around4 to $10,000 a month average come. on average it out take your okay what. did you make this last 12 months 12. months I make 50,000 a. year okay it's different I don't know. some months I will have a lot some. months I won't have anything so yeah but. that equals more out to like 4,200 a. month.

well you said average. five well I now I'm bartending a little. bit so because there wasn't enough. coming in um yeah kind of dang okay how. long have you been a realtor um a year. and a half what were you doing before. that cuz you're 30 so you've been doing. something um bartending I job hop a lot. I did you go to. college um dropped out that's yeah me. too it's okay so just like the odd jobs. and service based jobs so I've been in.

pharmacies I've been in hospitals I've. been in like what positions in them I. mean. everything no. um mostly serving um pharmacy tech I. hated it what do you want to do then cuz. all of a sudden that becomes a little uh. extra concerning on top of what we've. already you know discovered about the. house thing is real estate is what I. want to do ultimately it's okay so it's. what you want to do but we've jobed top. like crazy for the last decade of our.

life mhm what's the longest you H one. down you stay there I agree but there's. no stability or career traction. either but I didn't know what I wanted. to do so I didn't do it when did you. discover what you wanted to do um when I. was like 28 like two years ago when I. got my real estate license okay how's it. been so far really good yeah is that the. right area to be in though for making 50. but then again if it's if you're making. 50 with a low cost of living living area. you should be okay depending um is this. a single income household yes any.

dependence one what a four-year-old oh. okay. four-year-old um full custody yeah child. support um yeah what comes in with that. that's income it's like. $180 every other. week but I don't spend it I save it so. when my son turn it goes into an account. for like tax advantage no it's just I. haven't moved it around yet it goes into. whatever account they set up and then. and it's just been sitting there for my.

son okay I'm going to say. 5,50 now with your real team setup how's. the income getting paid out you. contracted under another you because. usually they're independent Realtors. even at a brokerage yeah. okay how are you prepping for taxes due. very soon um I have money set aside for. taxes how much probably not enough but. that's not a number um like 5,000 better. than most people on the show did you pay.

taxes last year um. no what do you have money saving up for. these next taxes but you haven't paid. last year's I didn't have I didn't have. to pay last year I was bartending last. year like I just did you file yeah oh so. you paid your taxes okay yeah I that's. difference I thought you meant did I pay. from Real Estate no I didn't pay from. Real Estate did you get paid in real. estate yes did you claim that income yes. okay I had tax write off so between my.

sending yes absolutely was a. professional yeah okay this year I don't. want to do them professionally why you. probably should it gets a little. complicated it gets a little weird I. know but I will I'll do them. professionally and I mean I'm sure your. are aren't that crazy like it's not. going to be that expensive no I mean. last year in real estate I only made. $20,000 this year I've made more but I. was bartending fulltime last year I well. now part time wait okay wait so what's.

coming in with the part-time work so. again I have 5,000 from the real estate. now what do you do when you get a real. estate check what do you save um I try. to save 20% of the check okay should be. okay you know the usual standards about. 30 so I don't always save 20% out of. then what the what are you talking about. that's why I only have. 5,000 okay.

why does it immediately why is it. unknown whether or not it is saved or. spending well I pay all my bills the. first of the month on the first every. single bill I pay comes out of my bank. account so if I need to pay the bill and. I don't have it then I use that how do. you organize your money how do you sit. down how do you think about your money. how was the money thought about um it. all goes into my bank account I pay my. bills and then I don't look at it again. how do you pay your bills um most most. of them are on autopay for the first of.

the month and then I make sure they come. out and then I have a book where I have. every bill that I owe wrote and then I. pay it and then I close the book and. then I don't look at it again until the. next you literally spent more money this. last month and came end so that does not. make sense that is not lining up with. the literal reality of your situation. yeah well so what are you talking about. I mean obviously something is different. there than you are expressing no it's. not not different I pay all my bills.

yeah bills what do you mean by bills are. you just talking about like the minimum. monthly payments and things that are. required no no I've paid off my credit. cards to a certain degree there's a. couple credit cards that get some. payments and there's some credit cards. that are. getting kind of but I'm working on it. it's not like I'm just not paying them. everything gets a. payment yeah like a minimum monthly is. that what you're saying $100 every card.

gets at least. $100 okay the if the bills are paid. before you close the books why how how. are we spending more than it's coming in. I trying to understand this from your. perspective shop and I travel okay why. isn't that tracked why are we tracking. our bills but we're not tracking our. spending I don't know um because if I. track it then I probably won't do it. anymore isn't that a good thing isn't. that what gets us to the best place real. teens of very interesting profession in.

the fact that again like you said at the. beginning you don't get paid unless you. make a big sale so if you're not doing. anything or helping someone find a place. as well I know some of it with. commission is kind of changed up. recently but either way whatever you. don't get paid unless you get paid it's. not an ongoing bi-weekly payment okay. wonderful with that you would want to be. basically debt free to have no risk. hanging over your head as you're in a. more risky job situation you'd want to. fully fund an emergency fund be able to. cover yourself probably about 12 months.

actually as like a business owner which. you are your kind of own business yeah. but technically I don't spend out of my. bank account I only spend on credit. cards you understand you have to pay the. credit cards yeah and I do I pay them so. not off so in the beginning of the month. I track my monthly bills out of my bank. account and then I only spend on a. credit card so I don't yeah but you. don't put back your credit card what you.

spend on it I know so it's not it. doesn't work like that what is your. philosophy on this well I don't really. have a philosophy that tell me your. reasoning cuz there you there was at. least at least a half a thought that. made you go into that because I thought. that honestly I just like to spend money. so I get it but your reasoning behind. the credit card versus the bank account. well they're rewards credit cards and. they don't all have interest so the a.

couple are interest free right now yes. and they'll be paid off before the says. what they're going up what are you. talking about it's confident there also. is card a crewing. interest but those don't have big. balances but it's still crewing interest. showing that you are not able to manage. paying off a card before interest starts. acre because we have credit cards acre. interest I just want to spend on credit. cards so I don't have to pay out of the. bank account.

oh my gosh yes I okay. okay interesting interesting philosophy. when the bill comes what do you do. because I'm talking about the big Bill. the interest hitting you said it's going. to you're going to pay it off before I'm. going to pay it off before what's the. confidence behind that though because we. haven't done that with the other ones so. what's the confidence behind that. because it was a new strategy I started. I guess so I decided so I decided if I. stop using my other credit cards I just. got a new credit card that was travel on.

this first one you spent $300 or $3,300. I don't know what the you're talking. about were are you paying that off if. $5,000 is coming in and you have to set. 30% aside for taxes on my future. closings so you're banking on future. closings yeah I'm going to have closings. I have clients that's not guaranteed it. is in my. mind what that's not how this works. you're not manifesting closings of. houses why can't I manifest closings of. houses no no no you it is not a.

guarantee that it you will close what if. your client you know he saw the covid. prices or something and your are we. talking about the ones you're selling. right or okay so your s your client saw. the co pricing it's like not even. getting close towards that right now. doesn't want to sell his house until. rates go down maybe housing prices go. back up so that he can get what he wants. maybe he has a bottom that he's willing. to sell the house for and he doesn't get. it what do to suggest you are going to. get the closing that is not 100%. guarantee you're taking a big bet on.

that by accumulating just on the first. card alone over $10,000 you'd have to. make multiple months to pay that off. including pay your bills morgage that. was from consolidating my other cards. there's a lot of spending on here. there's a lot of spending on here it's. not just. consolidation um like 6,000 of it is. consolidation so I don't give a Fu so a. double or half of it is consolidation. just about then half is spending that. doesn't change the how do we pay it off. in time if we do not get the closings.

because you were putting yourself in. such a risky position essentially. borrowing from your future self but in a. more extreme scenario because usually. when people borrow from their future. self they borrow from a paycheck that is. more confident to come because they. already have a job that is giving out. that paycheck on a consistent basis but. you're not your paycheck isn't. necessarily do with luck but you also do. have the client side of it if your. client is not willing to sell at a. certain price and who knows what the. real estate market is and going to be. you don't really.

no you're putting a lot of risk on that. I I live on Hope and Faith in a dream I. guess yeah and you C and you have a [ __ ]. ton of debt so that's not working what's. your investment account like today 30. years old um like my 401k is probably. like5 or $10,000 so you're behind for 30. yeah is the hope and dream working. you're behind not yet you have as much. on One credit card as you have on your.

hopeful guessing high end of your. retirement account yeah it is I mean are. you in the appropriate time to get a. house of course according to like Dave. ramley no you know but okay whatever I. don't think he's correct on Leverage for. homes but even still we have all these. thousands of dollars of credit card debt. are you not expanding too quick not. getting too close to the sun I don't. think I. am feel like your monies are never. growing so did I until I discovered one. simple strategy that changed everything.

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sense just because you have a chance. like yes there are risk and technically. if you take out a. 2% million year mortgage it is. technically a risk but it is still a low. risk but it is still a risk but taking. out a 20% mortgage on a 5-year. loan that is it's not equal just because. it's a risk well I'm I think I'm doing. good like I don't think I'm doing bad. listen you have more credit card debt.

than you have in retirement I don't know. what the you're talking about you have a. kid you have a kid I do have a kid I. have a four-year-old son and you set yes. you told us and you set aside the. child's support okay so we can't even no. we wait okay the part-time the part-time. work how much comes in with that we. didn't get the full picture on income um. it's just seasonal so it's just seasonal. bar seasonal yeah it it was just someone. that I knew and they were like hey can. you come help out and I was like yes are.

you still doing it um yeah one day a. week I a couple hundred do a week two to. $300 a week mhm for like 4 hours 100%. yeah so we can bet an extra $800 a month. yeah 100% ongoing for the month of. December but not for like January or. February why not. continue cuz I don't want to bartend. anymore I don't like bartending so I. don't want to do it but you might need a. part-time job regardless sounds like. this bartending thing 300 bucks in a day.

is not bad no it's not bad I just don't. want to do it anymore what what's the. want is there is there something. dangerous about it are you getting. harass is there anything bad I mean not. at this job okay then I don't give a you. might have to do. it an extra 800 bucks a month. okay I did not do that okay so first of. all for the 5,000 that comes in we're. going to set 20% aside is what you're. doing it's a decent start okay plus the. you said 500 in child support 180 every. other week. oh so it's three something a month okay.

yep okay and then but I don't use the. child support it just sits there so I. don't count it as income but it is. income you could use it if you have to. I'm just trying to figure out what the. income situation is plus 800 which. you're probably not claiming and cash. tips. 5,160 that's what comes in if you're. actually doing your tax situation. correctly okay so that's your income. that's what we have to work with Okay. yeah yeah not terrible what comes in.

from the rental property uh maybe like. $100 a month what's your mortgage uh my. mortgage is like six something 68 you. said it covered your mortgage yeah that. covers a sixth of youring mortgage no. they only pay like 800 and my mortgage. is like 680 you said 100 comes in yeah. you mean net yeah I net 100 so the rent. is 800 yeah the mortgage is 650 yeah. then you're setting 3% aside for future. repairs and 3% aside for future.

vacancies is a minimum yeah kind of I. guess it sets in an account what what. does the money that they pay like I have. a whole separate account for my rentals. you spend it where does it go no it just. sets in there how much is in there um. there's about two grand in there over. the course of how long just a year plus. their deposits in there so their deposit. will have to go back that would. cover a little you know that covers what. six uh two and a half months. almost three months of vacancy yeah it's.

not really good enough but I mean I. don't really ever plan but I appreciate. you not spending it yeah I haven't. really I haven't had to spend anything. on the house like they haven't needed. anything how long they've been renting. it it'll be a year it's about to be a. year yeah okay that's very basic even. when they leave you'll probably have to. do some flippish a little bit of paint. well it's family like it's family that's. living in there so I told her if she. wants to paint or do anything like like. she can do whatever she wants to it.

that's even more that's even more expens. than when they move out for you is what. I'm saying that might drive down. everything you've made from it plus more. how like how would that do that though. cuz paint costs money but it's their. money like I'm not paying for it they. would have to no back to basic condition. for them to rent they wouldn't have to. replace the carpet of just normal normal. things of course if they like caught it. on fire yeah take it from the security. deposit to do it but in terms of just. like walking around and it get some wear.

and tear a lot of times you replace. carpet per tenant cuz it's relatively. cheap yeah I mean there's only one spot. of carpet in the house it's almost all. hardwood floor did you get a security. deposit yeah how much 800 okay that. wouldn't cover painting the whole house. if you had to paint the whole house it. would I bought the house and I flipped. it so I redid you did the full paint you. have enough time to go there and do all. the paint I mean yeah okay you would. essentially have to yeah. I mean I did it when I bought it I.

repainted the whole entire house I redid. All the floors I redid the kitchen I. redid the bathroom wait how much money. did you put into this house then um I. probably put about 5 to six grand in the. house when I first bought it when did. you first buy it two and a half years. ago and it's only been renting for a. year yeah I lived in it for a while oh. okay well that part's. okay yeah I'm curious to look more at. this it's certainly not getting the cash. on cash return that I look forward to. when it comes to buying rental. properties but no it's definitely not.

but why are you doing it then um Family. helping family out I I appreciate the. helping hand why do they need it. specifically um because of their. situation that they're. in is that but do you get burdened. forever because of that I mean not. forever but for a little bit is there a. timeline is there an exra strategy um. something we're going to have to talk.

about in a couple months when their. lease is up okay what do you want to. happen um I'm going to have to raise the. rent to probably a thousand why do you. have to um to cover repairs and costs. and to net off of it I mean that's one. of the cheapest rentals probably course. absolutely absolutely let's see self. assess where do you think your finances. are today 0 to. 10. um five five middle of the road halfway.

decent again this first credit card is. over $10,000 we have two in a row that. are just like that you're spending okay. wait okay okay okay listen Okay. 5,160 that's your income how much did. you spend last month how much did you. spend I don't know I how much did you. spend go ahead best guess probably like. $5,000 6,929 so you five out of 10 come. on I spent $6,000 last month no you. spent seven you were only a few hundred.

under no less than 100 under seven oh my. God no way I did not spin that. much that's no no way no way listen. here's your little no I'm not going to. show it to you yet we'll get there you. spent $1,000 oning going out to. eat oh my God no I did not this is what. happens when you just put everything on. a credit card instead of spending on it. even from chicken account you probably. wouldn't look anyway but this is giving.

you even less opportunity to look this. is what happens when you don't track. your. [ __ ] 5 out of 10 no if you watch your. Hammer Financial score it's free Link in. the description below see where you are. see where your you are in your financial. health and then uh if you want to come. on the show here in Austin Texas it's a. fun time it's a good time I'll give you. some verbal punches and we'll connect. you with resources and get you on a plan. go to Caleb hammer.com apply no you have. no idea what the you're talking about. five out of 10 you didn't even know you. spent $2,000 hour more than comes in you. don't have saved up for.

taxes I I I don't know what's in your. emergency fund and you're behind in. retirement what's in your emergency fund. probably 5,000 I have that's horribly. risky for you you should have a year at. a minimum and you have two mortgages to. take care of and the the relationship's. complicated with the people in your. other house it's family it's. weird so not really good take our. budgeting class take it you can use it. for your business and for this take the.

debt class cuz it goes over how to. utilize mortgage and leverages correctly. if you continue to do that in the future. take all the quizzes take all the. education take the investing class as. well because you get all three of them. take it go to the quizzes at that point. we're looking at like 10 hours of. Education across the board do it. seriously because you're a part of all. three of those things and you need to. learn about the risk cuz you don't. understand risk yet you need to learn. how to really get that cash on cash. return that you're trying to achieve. while you're behind on investing.

it's not looking good I'll be honest you. put yourself I think in an overleveraged. position potentially for you with no. emergency fund you guys get all the. education by the way bundled at uh 15%. off Link in the description below but. make sure you go through that so this. first card we're looking at Chase. Freedom and freedom is obviously what. you are looking for you are a part of. that Financial mindset Financial brain I. want freedom I want the rental. properties I want the income coming in.

it just funds my life all this stuff. funds my extra spending spending that we. don't track spending that we don't know. okay cool but you're getting no freedom. from this card and you said you got a. consolidation on here why were we in the. debt in the first place of $6,000 that. you consolidate on in here why why did. you have that debt because I'm repeating. Cycles uh no what did you get into the. debt for I don't know what I bought when. how long um the debt on those credit. cards that I consider Consolidated were. for years multiple yeah two Capital One.

how's consolidating helping um so my. thought process was if I consolidate on. a zero interest card and my Capital One. cards were like 25% interest I would not. be paying interest on the debt uhhuh so. I was like okay I'll save myself money. and then pay it all off before. except what happens with every single. person that comes on the show including. starting to become you what happens what. happens they don't pay it off it's not.

just about that you didn't change the. behavior that got you in there in the. first place stop tapping the table with. your little nails you spent $2,000 more. than comes in. 2,000 if you do that that has to be. going somewhere that has to be going on. debt and you clearly did not change your. behavior if you spent $2,000 more than. comes. in so you build up the credit cards that. you Consolidated or you make this one. worse and we know for a fact you're. making. this one worse at a.

minimum because again you said when did. you consolidate $6,000 on this card um. August August only a few months ago. sowhere from 6,000 to. 10,335 yeah you spending too because I. have pages of [ __ ] in. here so how much you saved up for your. kid I think five grand everything is. five five five five five listen you are.

behind on everything I appreciate you. starting on different things but you. don't have enough for an emergency fund. you do not have enough for retirement. you do not have enough for your uh real. estate Fund in terms of for future. repairs and vacancies and you do not. have enough for the kid depending on. what you want to do whether it's pay for. different things in the future uh or. giveing them a lump on of money whatever. it is you're just behind on everything. you're you you contribute a little you. make a little thing here and there then. you offset it honestly by spending more. on credit cards and pushing that can. down the road so really can you afford.

to do those extra things no probably not. but you do all those things and then you. think you're doing a good job and you. think you're a five out of 10 because. you technically have those funds but. they're all microcosms of where they. should be in order to get to where you. want them to be but it's better than I. was two years ago so like I'm starting. to get some okay then two years ago was. like nuclear apocalypse then and I don't. care now it's just Ebola but it's still. Eola it still sucks why would you want. that I don't care if it's better than 2. years AG what did two years ago look.

like okay let let's go back further than. two years why because I this isn't story. time this is financial audit it what. what what what I mean what two years ago. I didn't have anything saved besides. that support for child like the child. support account two years ago I had zero. absolutely. nothing literally zero so now I'm. starting and now I'm getting my [ __ ]. together not getting your [ __ ] together. again the only reason you have that.

money set. aside is. because the money that you spend is. being put on future payments via credit. card can I have the Whiteboard I think I. need to whiteboard this I need a white I. need you to see this visually cuz I'm. also having a hard time explaining this. verbally and not visually okay thank you. oh this is huge for financial audit for. a year now my team and I have worked. with experts to create what I truly. believe are the three best educational.

programs in the financial space online. we have our budgeting program where I. teach you how to create manage and. revolutionize your budget and control. your money and then there's the. investing program where I teach you to. Define what investing profile applies to. you and your life and then teach what. specific investing strategies applies to. you in that situation and now finally we. have our debt program where I teach you. the best ways to pay off debt manage. debt and even take advantage of good. debt this has been a revolutionary.

project that we've been working on for. over a year now and just like over. 10,000 people who've already taken our. educational programs you can now take. advantage of all three of them bundled. together at a 15% discount I've heard. from thousands of people now who've. taken these classes and they've. literally changed their lives for the. better and finally you can too at a more. affordable price head to Caleb. hammer.com or click the link in the. description below you will not regret. this that's Miss Lindsay everyone I want.

to see some for our channel members who. enjoy 10,000 hours of extra content and. exclusive shows I want to see some. Lindsay emojis in that comment section. okay so here this is your income all. right. yeah okay so let's just call this your. general expenses. okay this is what you have this is. generous but let's say this little.

square is what you are putting no this. is generous let's say this square is. what you this is generous cuz you don't. just get to 5,000 with this big of a. square but let's say this square is what. you're doing investing okay these are. your Min monthly payments this is your. investing but you also in spend another. additional fulls sizee. Square above your income on going out to. eat another B you're only able to do. this invest. because you're having access to credit.

cards right here you wouldn't you think. you're in a good place because the. square exists but it wouldn't exist. without the credit cards Without You. deferring your spending if you're. putting this on the money you actually. have you would have no money to put into. the child's fund into the business fund. into your retirement fund the only. reason you think you're doing okay is. because of this but it's only there. because of this. yes kind of like my safety.

net what's safety net what are you. talking about the credit card is like my. safety net but it shouldn't. be it's risky cuz it's going to come. back to bite you and you don't have. enough let me see those Lindy emojis in. chat does that make sense yeah it makes. sense and that extra bubble on top is. putting risk on your child's future too. because you're going to want to. contributing to their little part of the. square so that they have a college F or. whatever you want to do it's up to you. you're not necessarily required to do.

that but when those payments become due. that square is only going to get larger. after interest starts acur and you are. going to not be able to contribute to. those other things in fact maybe you. have to take from them maybe you have to. take from the emergency fund or start. pulling out of the house a. little and again on here we had. literally. $331 of. purchases. $3,300 of purchases well it's Christmas. time too you're Christmas. it's not you're a few weeks away.

Christmas time so how are Thanksgiving. time that was okay I shop early you. don't have money to shop I don't get. that I think yes I you can get gifts for. your kid we could do that and you can. it's they're three they're four they. barely know what's going on they're just. stumbling in through existence right now. they don't know what's happening in life. you know he definitely knows what's. happening in life he doesn't you can get. him some [ __ ] toys and he would be. happy I got him a tent you could so well.

that's yes that's what you did I'm just. saying for a four-year-old you could get. honestly oh for for kids a lot of times. for kids saying as uh you know a very. successful parent myself uh a lot of. times for kids though sometimes it's. just about opening you know if you just. get them you could get them dollar store. toys but if they can open a thousand. things I feel like they're having the. best time best Christmas. ever not a big tent it'll be cool it'll.

create cool experiences but you could do. Christmas on the. cheap the $3,000 that you spent on there. that just even sitting in uh if I take. that let's pretend I put my child's Fund. in my Mumu investing app that gets 8%. return on its money literally just. putting in there uninvestigated it's 8%. on the money that could go towards his. future but in said he's getting a. tent what happened why was it a whoopsie.

were you guys together and then we were. just like oh we're not together anymore. kind of I asked two different things. what which one was the answer or both it. was. both both um it was dating and a hookup. we met on Instagram he was going to be. my personal trainer um we became friends. and um I got pregnant six months later. so the Friendship uh was very successful.

it's very fruity friendship we were. together for a year after I had him okay. um and it just he gave in his training. he gave you lots of stretches you could. say that yeah but now we're now it's. good like we were together for a whole. year and now we're really successful at. co-parenting and a really good. relationship I'm happy to hear that yeah. okay raising what co-parenting you said. you have full custody I do have full. custody okay but he gets him like a.

couple days a week or he I mean we don't. have anything set up through the court. if he wants him he'll text me and say. Hey can I have him this weekend or I'll. text him and say hey I'm doing this can. you um keep. here okay Raising Canes yeah. Wendy's tick tock tick tock are you. kidding me. Sheen teu. makeup TJ Maxx American Eagle Frozen. custard this isn't debt consolidation.

this isn't things helping our future. this is going out eat Raising Canes. juice and. smoothie seven Brew Little Caesar's Taco. Bell uh JDP Dej I don't know looks like. a restaurant Jimmy John seven Brew. Duncan dunan peran Mexican restaurant. Texas Roadhouse seven Brew what the is. seven Brew you go there every second of. your life. I live on coffee I have to have a coffee.

to get day okay great Brew it at home. wonderful you figured it out it's not. the same uh no you're right it's better. you get good beans and it's still. cheaper but then I have to buy something. to brew it and I and it's. cheaper I need convenience sometimes. it's convenient set it to brew before. you wake up even a cure egg is cheaper. and that's beyond convenience what are. you talking about you're having to stand. in the line and pull out a wallet the do. you think. seven you literally just drive through. you pull up you order you drive 2.

seconds no like it literally takes 2. seconds takes Z seconds you wake up and. the coffee is already brewed because you. set up the night. previous so no no I want to drive. through or hey how would you want to. retire be successful in some way. whatsoever listen you you are in the. mindset I this is very clear from the. way you've kind of talked about what you. want to do is that you want to be in. that not necessarily fire but Financial.

Independence in general you want to have. that like what's your plan with these. houses you're you're you're you're in. the real State world you're starting to. think about you already have two houses. what's your Grand Vision here um I would. like to be able to do real estate. part-time and just make money from my. investment properties but instead going. to coffee every second of our life and. shoving it down or throat is more. important I'm not an anti- Starbucks. person anti-g go get coffee you. literally have debt destroy join you and. don't have an emergency fund and nothing.

to cover this house if anything were to. go. wrong well I don't plan on anything. going wrong NOP what do you think an. emergency is oh my are you kidding me no. one does no one plans on their car. breaking down what are you talking about. you plan people plan on getting cancer. what are you talking. about you're not going to get to that. level of the independence you want if. you're blowing it all and it's not just. about the seven brew coffee place again. it's the pulp smoothie fairy tale film.

Ohio. Marshall are for work some of them might. get reimbursed Sushi reimbursed to the. business yeah the the your brokerage yes. like the fairy tale photograph okay. great fairy tale great one out of the. Thousand we talked about some of the. food to Marshall Sushi seven Brew. Central Pike coffee Olive Garden Tim. Hortons I do miss Tim Horton 7even Brew. Lobby Hobby Lobby Wendy's 7even Brew. Panda Express s Brew Bush concessions.

juice and smoothie coffee cup LongHorn. Steakhouse dude you're going out to eat. every second of your life every day you. are going and getting coffee you're. getting coffee every day and you're. going out to eat every day $1,000 a. month a fifth of your income going out. to eat a fifth of your income is going. down to something that is not even. lasting more than 5 minutes seven Brew. long Horn Steakhouse bath time I didn't.

think I was that we'll guess what you. are so. congratulations what I don't well it. doesn't matter what you think you are. that's the point that's what I'm trying. to. say dams 7even Brew Sushi Texas Ro house. Wendy's Olive Garden Coffee House 7even. Brew 7even brew Hobby Lobby 7even. Brew you're going clo shopping every 4. seconds every 4 seconds one for the. little sweater I don't like to wear the. same thing twice are youing kidding me.

but you want to live off a sustainable. income through rent rental real estate. yet you would rather not wear the same. thing to not wear the same what are you. talking about every outfit that I've. worn on the show until I got this brand. new sweater I've worn the same outfit. for like two and a half years cuz who. gives a I care about the priorities in. life it's a bad habit and I don't like. to wear the same thing twice and I what. do you do with your.

clothes um I give them to my siblings. and we kind of like rotate clothes so. like we'll you seriously buy an outfit. once and you pass it along I mean I. don't necessarily just wear it once but. I don't want to wear something and then. if I get pictures in it or like I go to. an event and I wear something I won't. wear it again so like my Grandpa's. funeral the dress I wore I won't wear. that ever again well that's that that's. that. an event dress that but not that that is.

not a wedding dress that is not a. funeral dress that's an event thing that. this is not an event thing but if I get. pictures done so if I get head shots. done in outfit I won't wear that in. another head shot but what about your. damn future the future that you desire. which one's more important that or. having a wear a shirt twice I mean my. future is more important then prioritize. it just spending on here is insane again. literally we went through this this was. bullsh. $3,300 you're willing to spend $3,300 on.

[ __ ] Longhorn SE house door dashing. Bob Vang seven Brew Frozen Custard seven. Brew. KFC and then you had your consolidation. fee in here which was not cheap. $128 and know it wasn't $6,000 youing. liar it was. $4,200 so less than half of this card. was. consolidation don't fing lie don't come.

to the table and lie we don't get we. don't get to the other end of you are. [ __ ] we do not get to a place of. progress if your bullsh does it say it. was only $4,000 yes. $4,200 when was the. date what was the date of that. 4,000 I don't know but I do know that. this expires in less than a year from. now which means with this $10,300 in the.

you got. about uh nine months to pay it off. really you got to put $1,444 towards it. without spending on it I know you put a. little money towards the car but you. spent. more what's the deal with predicting the. future of business inflation's up and. it's down rates are cut then they're. raised it's like trying to follow the. plot of a bad soap opera if someone. could just invent a business Crystal. ball already that'd be wonderful but. until that happens today's sponsor net.

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for sponsoring today's episode now let's. get back into it if you just do the. minimum monthly payment in this. card takes 22 years to pay. off you have to go. aggressive. what what I feel like I could pay it off. then why aren't. you because I just like to spend money. it's like my guilt like if I'm having a.

bad day or if I'm doing something like I. just I like to spend money too wonderful. great cool so like how do I how do I. come back you prioritize you act like a. adult you budget what are you talking. about you actually know what you spend. on you didn't even know you were. spending more you didn't even know that. you're spending more than you make you. didn't even know how much you spend on. food you didn't even know how much you. spend on. outfits it's literally just tracking it. it's the most basic thing you do at the. end of the month again you'll go through. the class but still you just prioritize. spending money too but I decide hey I'm.

not going to get whatever this toy is or. something that is fun because I have. goals that I am trying to hit I would. rather have more money in the business. cuz I want to grow the business I would. rather do that because that's my. priority you recognize your priorities. and what do you have to cut to get there. what sacrific you have to take you don't. get somewhere without taking sacrifices. if everything was like that the life. would be the easiest thing in the world. there' be no problems but that's not the. world we live in so you have to make. choices and the choices are right now. even though yes you do want to hit those. goals you want to go get coffee and new.

clothes every day more than you want to. hit those goals those are your top. priority goals CU that's what your. actions are saying that is where your. money is going that's what you're going. out every day and. doing that was. Heavy seven as long as it's actually. going through that's all that matters. all right Huntington. cash advance I've never taken a cash.

advance why is it but it's under cash. advances was this what what okay what. will happened on this card um tell me. what happened on this damn card you say. you pay off the cards and there's no. interest this is this the whole thing. this is the whole thing of Interest I. don't have a Huntington credit card so. that's must be like my line of credit so. I took out a line of credit on my first. house you on your first house what for. what what did you do for what not for. the.

renovations I don't remember I no you. have to remember I think it was to pay. off uh credit card debt but is and then. your credit cards went up again you did. not change the behavior you need to stop. taking shortcuts it's for some I I. encourage that consolidation if you take. care of it first your. behavior I guess I don't remember. consolidating multiple times I think I. just black out you don't remember this. is no I think I black out I black out.

when it's like Lady this is at $117 you. can't just forget. $1,077 something AC crewing $115 in. interest a month that is not something. we just. forget yeah it was like a year and a. half ago that I took it out yeah but how. do you forget it it's on your thing I. know I any yeah cuz you have it set up. on auto pay but you're not trying to. make any towards towards that any return. on your investment in this house is not. better than the 13.9% interest on here.

it is not real estate does not do that. real estate is great for tax advantages. it's good for long term you get a little. bit of growth the rent goes up. eventually you know depending on what. you choose to do as an owner and. landlord but you're not getting better. than that on an annual basis averaged. out so you would prioritize paying this. down that's why I'm against you having. this extra house or anything until this. is down I'm not the oh have to be 100%. debt free and buy a house with cash I'm. not like that but you got to make the.

math make sense the math ain't making. sense right here it was it's not not now. well now it's what matters cuz you could. get rid of the house you could pay for. it maybe according to you we'll see I. need to take a look at it so this is a. personal loan or it's a line of credit. it's a line based on the house. yeah. okay okay so you ow 11,000 you took it. out a year and a half ago it's at 11.

$1,079 minimum monthly payment I think. when I took it out it was like 16 when I. took it out it's. $15.73 this is going to take forever to. pay off well that's going to take. forever to pay off wait a minute wait. wait the minimum they want you to never. pay this off your minimum monthly. payment is as much as the interest mhm. this never gets paid off without paying. extra I do pay extra yeah you paid a.

couple dollars extra but essentially but. the minimum that so the same that's. crazy they never want you to pay this. off oh for. sake I mean I'm going to pay it off. though. but I sure I appreciate the confidence. that's not how the world works it's not. you don't just say something and it. happens it's not how it it works you got. to put in the. action you've paid off credit card sure.

cuz you've Consolidated them and taken. out lines of credit you've never put in. the action actually pay it. off oh my gosh you've actually never you. actually haven't accomplished anything. you haven't again with the block anal. analogy you just putting all credit. cards so really you weren't actually. putting anything extra towards investing. all the interest rate is killing all. those Investments by the way it's not. even close it's not even comparable. you're losing you didn't pay off credit. cards you Consolidated and took took out. cash against your house you haven't made. progress you're not being successful.

you're not you're having the the um just. like I don't. know like the Mirage of success I think. I'm being. successful in my head I'm successful of. course but you're not you're not. MoneyWise you're. not like it's not making it out in the. end you also can't manage credit cards. again cuz of this other one here's this. other one as. well this's also fees I see fees $60.

this year so that's making it go up in. general if you're just doing the minimum. monthly but again here's another credit. card where interest is acur you actually. paid a decent chunk of payment towards. it you could have paid it off then you. chose not to by putting extra $254 on it. and allowing $14.53 of interest to a. crew like why you could pay this off and. you're not you're allowing interest to. you're allowing interest to happen why. cuz it is so Cho it is so choice I was. just choosing what card to pay so I was.

just paying like different cards and I. didn't pay that one what do you mean you. did pay you just didn't pay it off. completely but why why allow interest. to why allow interest to a. crew okay I'll ask it a different way. why did you decide to put it in the. other places instead of. this um I was paying them based on how. much interest was acre so if it was a.

higher interest card I would pay that. balance so Avalanche but why in that. case the debt payment strategy doesn't. make sense because I keep spending yeah. cuz you keep. spending well no not only just because. you don't keep spending but you still. put more than the minimum to payment on. this if you were trying to take care of. the highest interest ones first all your. money would go towards them and just. minimum monly payment on everything else. but you're still putting more than the. minimum on everything we've seen so far. but of course you done spending G all. anyway but that's not how the Avalanche. or death snowball method works I guess I.

was trying to combine them well no you. weren't cuz neither of them do what. you're doing so you're anti- combining. them you're doing the opposite of what. they both say so I don't know what the. you're talking about no you're trying. your own method you're trying Rebecca. plus yeah and it was working for a while. but it's incorrect no it wasn't your. debts only gone up you consolidate you. have the perception of it working I have. it istion uh-huh but it is not I need.

you to know it is not you cannot say. that it is you I can't allow you to. think. that okay $487 49 with a $25 minimum. monthly payment $14 5953 cents of. interest is occurring you're not a. credit card person with the resources. we'll set you up with we'll get you the. Fizz card which is the debit card that. builds credit because I assume you care. about the credit part so that you can. leverage have credit what's your credit.

my credit score is the thing we're. talking about it's fine yeah yeah yeah. it's pretty good it's pretty good but. you're not a credit card person you. don't know how to use these so use the. fist card and I'm also going to get you. a if you're going to run your own. business like this take the go through. the account accounting certification. through course careers usually most. people use it to like boost their. resumés and to get better incomes but. you need to do it for the educational. part specifically so you caning manage. your damn business and account in life. take their accounting one for you okay. all right well okay first of all what's.

Mont mon Monet Global Corp um that was. hair products but it it was set your. hair looks fine well now it does but it. was set up to bill monthly but I. canceled it I didn't know like I didn't. know it was yeah but $150 for that no I. returned all that stuff because I don't. see it well it it's not there yet but. and then Papa John's Primal Queen Primal. Queen is a supplement that I take how.

often 52 bucks is a lot it's a whole. month it's like what are you. supplementing that's a lot for a month. beef. organs so like it's do you not have. organs no I do have organs obviously but. organs no they like grind them up and. it's supposed to be really good for need. additional iron like what are you. struggling with take iron things for. like $5 to do stuff more holistically. than like no you like to spend money you. don't have.

no you literally do you spent $2,000. more than you brought in what the you. talking about okay I like you already go. to [ __ ] Burger shops every day of. your life every day you go to fast food. you are getting. beef yeah but that's not real it's well. it is not really yes it is meat what are. you talking about maybe you're not. getting the specific nutrition you're. looking at but you can't is not real. meat I'm not getting the nutrition that. I need I get it do you have to go about.

in a stupid expensive way cuz I know you. could do it in a cheaper way yeah I mean. no I don't need to but I do and I don't. know what you're trying to be liver. Queen what is happening maybe one. day I don't know maybe I want to wa you. want your second kid to come out with a. [Laughter]. beard maybe. 23.99% interest rate on. this like I don't know why would you. would allow a BAL to just sit on there. or the way you're doing it is super. confusing anyway almost $300 of Interest.

acre this year so. far yeah I don't look at that though. like that's what that's why I thought I. was being successful because I guess I. didn't look at that stuff no. [ __ ] why not look because now I have a. son in a future had a son for 4 years. why aren't you. looking now I have a son no four years. ago is a bit Life Changes a lot in four. years it does and the first couple years.

I didn't quite why aren't you looking at. your numbers now because I don't want to. be in debt forever so I'm trying to get. out of. it does that are you able to comprehend. what you literally just said yeah I. don't want to be in debt for I don't. want to be in debt forever so I don't. look at my numbers what the are you. talking about how does that makes sense. how does how does a get to B in that. scenario or B to a they jumped across.

the road no how do I don't know I didn't. look at it before and I'm looking at it. now no you're not you spent 2,000 more. than you brought in you did not know. that you spent $1,000 on fast food you. did not know that no you are not this is. not considering looking at it now me. showing. you why are you not looking okay you. want to get out of debt how does not. looking at your numbers help you get out. of debt please explain that philosophy. this Grand and wisdom I don't know it's. kind of like the blind leading the blind. type of thing I if I didn't look at it.

it wasn't existing and then I would just. pay. and just pay you're not just paying. though again we have interest uring on. two accounts the other one you have to. pay 100 or 1,150 on a monthly basis or. else it will ACR. interest yeah. it I don't know I guess I just need to. no just I'm just trying to get in your. brain a little when you are going about.

your life you're thinking about your. money what do you think is preventing. you from looking at your accounts you. are making an active Choice even if like. superconscious or not you are not. looking why do you think based on. everything you know about. yourself cuz if I don't look at it it. doesn't exist but that's not true you're. seeing the consequences and if you see. you're seeing the con consequences. regardless like your deck to income. might be you might have a good credit. score but you might not get approved for.

another piece of Leverage if you want a. third property or a second secondary. property with your debt to income ratio. you might not get. it I didn't think it was that bad I. thought I was doing good and that's what. happens when you don't look and then you. can't hit your goal so guess what not. looking isn't. working it was for the moment but now. it's not when was it working no it. wasn't it was kicking the can down the. road you don't know what working is this. is what is so dangerous about your. philosophy this is what's so concerning.

about this conversation are you not. getting. that okay so uh there's a $561 balance. on this card do you pay this off every. month cuz it was paid off this time well. let me see no interest is accured and. fees you've actually had a late payment. on this card this. year. so I'm just going to put that debt down. yeah with the $561 balance now you. probably again you paid this off last. month but again you've had interest ACR. this year and a late fee ACR this year.

and again is it necessary purchasing. anyway first of all what's the coaching. let's start there is that are you trying. to get another coach no sorry that was a. trainer that is like to help is that. your version of dating going to find do. you find a nutritionist next no that is. to help with my real estate business. like I have a real estate coach who. helps guide me through the business like. through transactions and all of that I'm. okay with it on certain things like. again but what concerns me about.

coaching is I've just seen so many scams. out there and it's so hard to waade. through what's right and wrong how much. do you think you're really getting from. this can you tell me um I am getting a. lot from that I scan through quite a few. coaches and that's the first one I've. ever bought what the [ __ ] is realtor uh. realtorcom that's to pay for leads like. to get to get business that real.com is. that what that is yeah yeah yeah okay. you're paying my friend's salary that's. fine uh I mean I've got a few closings.

from it so like I do track some of my. back business where that what I pay. monthly has been paid off by what I get. in um so I am on I am up on that well. that's a basic minimum requirement would. it not be yeah I mean some people don't. there's a lot of people that then they. need to quit and find another career. path yeah and then we went to bethetic. and Amazon and app we have an apple bill.

or apple payment. Hulu uh and other Apple Bill Apple. payment Apple Bill Apple payment what. are you doing what are all these are. these inapp purchases no that card is. strictly just for. reoccurring what like that card I only. use for if it's reoccurring every month. so every month fitness trainers meet.com. no it's like BB aesthetic and so that's. BB aesthetic BB aesthetic is where I get. my lips done. your what my lips your lips what get my. lips done like lip injections oh yeah.

that's more important than your kids. future apple apple is like my canva and. stuff I use for my business so those. everything on there besides BB aesthetic. is really like walk by every gym just. duck face with the windows looking in. hoping a trainers just like I don't even. have a gym membership oh so no I know. you're hoping a trainer would come find. you that was the joke it wasn't funny. Walking Away you're going yeah duck face. all the time they look okay right now. but they always look so bad right after. injection I only get them done once a.

year I don't do them but it's a. subscription yeah so pull up your. subscriptions let me. see like I mean I just do you not know. how to pull up your subscriptions no. that's the concern just open your phone. I'll I'll do it for you like in the. settings I will do it for you just open. your. phone it's a good picture that's. definitely a realer picture you look. like a realer every real looks looks. exactly the. same that's kind of offensive no it's. true come on blonde hair lots of.

makeup a lot of makeup and blonde hair. that does not make you a. realator look at every Brokerage in the. look at every realtor. show buying New York buying La buying. Zanesville see okay no you have one two. three four five six subscriptions on. here so you don't even know Apple music. canva cap cut lenza AI I didn't know. people paid for that I thought that was. like a fun one time thing that everyone. did for a second Lively cycle period.

tracker doesn't the Apple uh isn't that. free in the health no I don't no so two. of them should not be active CU I've. canceled. them I don't know how the live like I. they're all set up for Renewal no no. they're not let me see let me see no. they literally are and then also. QuickBook selfemployed what you have. canceled was metav verified on Facebook. and lose it premium that is what you. canceled. but all these are active and ready to. redo so there you go see and this is why.

didn't know how to look at subscriptions. we looked at it yeah. the these are not going to renew cuz. they are. cancelled it paid for a whole year no no. it's not you have to I don't know if you. know this you have to probably don't. push the cancel subscription button to. cancel it can cancel it then cuz I. thought I already did there you go it's. cancelled you not knowing how to push. buttons kind of person I didn't even.

know how to look at my subscriptions. well I've you just literally have to. click on subscription yeah these well. I'm glad we learned something good you. had more subscriptions than you thought. and they were all the [ __ ] that you. thought you cancelled great okay this is. at a 27.7 4% interest let's see this. other card again it was paid off but it. was because it was only $25 balance with. then you put $280 on it let's see no. interest has aced on this card. so this one I'm going to count as paid. off every month and it was Coal's coals. coals cuz we can't wear an.

outfit okay so I'm not going to include. that in the debt and I better not cuz. it's a 31.2 4%. interest wait what the looking at here. what is this what is this 18,000 from. Park National Bank that's my car note. there's a car I didn't know there's a. car of course there's a car you're a. realtor you're going to show up a nice. little car outse you're gonna think. whatever I don't care what what what. what is it. I it's not it it's just a car what's a. car it's a Honda Civic year 2020 miles.

um it's up to 120,000 now good now it's. fixed so it's good fixed from what what. happened I hit a deer don't well a deer. hit me I didn't hit a deer are you a. content creator looking to level up your. game or just drowning in the endless. grind of brainstorming scripting and. editing been there then you probably are. too but with today's sponsor cray AI. when it comes to content creation they. make your whole life a whole lot easier.

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take advantage of the deal today because. I know you have better things to do than. stress over subtitles. $1,961 what's your minimum the payment. um it's like $470 but I pay five like I. don't care I just want minimum 470. what's your interest I don't know come. on what's your interest I don't know. what my interest is pull up your credit. karma for me why couldn't you pull a. statement like we requested I did that. is the that's a statement I got what. that's not a statement this taking a. screenshot of Credit Karma do you not. know what a word statement.

is that's what I got you word statement. no this isn't a statement do you not. what know what the word statement means. you literally took a screenshot of your. credit to. Karma I don't know my car lady how have. you survived how do you have two homes. my car is on auto pay that's fine I'm. just saying requested a statement 479 is. the official monthly payment that's. what's in here started at 30,000. how long's the term can you tell me that. my car is seven years okay well you're.

three years in come on it's up I don't. know how to find the. percentage you couldn't figure how to. cancel subscriptions either so I will do. this. myself when I got it I thought it was. like 8% I but oh assisting loans the. track wait what do you say how long are. you taking pictures of Credit Karma but. I'm not seeing things in here I just. downloaded my report uh credit AG really. bad but that's okay lots of.

high high in. inquiries. counts we on like the old version of. credit karma for some reason this is. really weird uh okay and it's Park. National that's your car let's. see. $479 75 months it knows it's a fixed. rate it's not giving me why couldn't you. log into youring payment portal I can't. log into it what do you mean you can't.

log into it you could have called they. would have sent you a statement with. Park National so we don't even know the. damn interest on here great that's going. to help us when we come up with the. strategy it's like 8% that's horrible. that's what the stock market averages up. yours down yours combined across the. board it's sick it's not more than 8%. it's lower than 8% because I remember. when I went and bought it they were. trying to okay what is the. 78176974093 a. [Music]. that you kidding me you don't know what.

you ow 79,000 that's my first house what. a cheap house how much was the house um. when I bought it 85,000 I told you I. gosh oh what it's a town I've never. heard of that's why and I'm from the. neighboring state my gosh that's crazy I. got it really cheap because I did work. to it and now it's worth like 170 or. 80,000 okay have you had that appraised. yes really yes okay when did you have it. appraised. um it was appraised before I took out. when did you get it appraised the year.

and a half ago when I did the L your. house value has gone down since then no. it has not it definitely has the house. across the street literally just sold. like I do comparisons on it in case I. want to sell it so I know I could at. least sell it for 160 100% I'll take. your word on it I'd be really surprised. if that is the only Market in the United. States that has stayed stable for a year. and a half but okay monthly payment. 620 650 it's like 650 on that house well. I'm happy with the E position dude even.

if you sold it for 125 it's still good. yeah I mean I would not sell it for 125. because the goal is if I want to sell it. it would pay everything else off but. don't do that have we not learned from. the consolidation if you do not change. your behavior first your debt just gets. worse again you need to correct your. mistakes and only then can you take a. shortcut do not take a shortcut until. you correct your behavior you're going. to yourself and then you're not going to. have any equity in a home anyway so. you'll pay off all your debt with this.

then you'll blow through the money and. then your debt will go up and then. you'll have nothing to pay it off with. right so. don't okay what is this uh 10,000 is. that the thing we already looked at yeah. that's the line of. credit Mr Cooper that's my current house. okay gosh it's so cheap there my. gosh 142,000 that's basically a down. payment in Austin I mean I put a large. down payment on it about. $10,000 that's large for our area I know.

I know it's a crazy area it's a very. good like wow guys if you want to get a. house go there apparently I don't know. what the job market is usually cost of. living is associated with that and so is. all this but whatever okay house and. your monthly payment there is. 1, 86.3 how's the rental market not that I. trust you but it's decent um a lot of. people are renting rent is anywhere from. 800 to 12200 depending on what side of.

town you're in but also depending on the. house and square footage and rooms and. beds like what are you talking about. that's such a general thing yeah I mean. my how are you saying this is 800. because my are you talking about the. median rent yeah okay but where does. your house fall in the median my house. is a two-bedroom one bathroom small so. it's tinier so probably little less like. 600 Maybe you're charging the adequate. rent I don't know no I'm. not how do you know because I look at.

house oh you're in like the. part yeah kind of that's why I said it. depends on what side of town because the. two-bedroom on one side of town could. rent for 1,200 but a two-bedroom on the. other side of town what three streets. away is is like five neighborhoods no. it's definitely it's bigger than that. you go across the bridge the y bridge if. you're on one side of the bridge it's. the nice part if you're on the other. side of the bridge it's The Not So Nice. Part which one's the nice and bad East. or West um north and south north and.

south I think yeah I think it's north. you not even know your own town your. your river goes north and south so East. and West so East and West so like you're. the realtor of the town you don't know. directions I don't know northsouth East. and West I don't know that and you need. to tell people about areas of towns me. no that's why we have GPS put it in your. GPS that's not how you describe areas of. towns to people is type it in your GPS. okay yeah go on what what areas the bad. side so it would be the West you're on. the East I my first house is on so maybe.

you can't charge as much as you. think that's why I'm charging 800 it's. only 24,000 people in that town uh a. declining population by the way I. wouldn't be buying rental properties and. declining populations it's literally. gone down approximately 5% over the past. couple decades 5 10% and it's continuing. its Decline and no offense to Appalachia. in general it's actually a very. beautiful area and lots of great history. and stuff uh but not historically known. for the best job. markets I wouldn't be so confident on.

the selling or uh rental of the thing I. understand you do compson maybe the. person just got lucky sometimes people. get lucky in the selling of their house. across the street but come on it's a. declining populating area in a the most. impoverished area of the country the. appalaches but I mean people still. always need places to live like we have. but they buy them in opportunistic areas. and clearly people do not. need extra places to live there with a. declining. population it says it's declining.

because I doesn't I mean I don't give a. [ __ ] about your feelings I mean I. understand but I don't feel that's not. that doesn't matter what do you that's. not how this works how are you going to. get anywhere. ever feel that's that's how you're. getting the value of your house feel I. mean more houses have sold this year. than in the past like three or four. years in that area just since I've been. in the business you know what happens. when people uh buy.

houses you know what happens I means. people are selling houses too I wonder. where they're going in a declining City. I mean everyone that I've helped sell. and then move they've all moved and we. all know anecdotal is. the basis for. reality I don't know I'm not saying. don't live in the town you love in is. like all this confidence of the rent. numbers and the value of the house and. when you're and it's.

statistically the declining area of the. country like the definitive declining. area of the country it's like they never. Diversified when coal was as high as it. was they never Diversified and it's also. really hard because in Appalachia you. cannot build it does not have very good. arable land so that is very difficult. it's not like the Bread Basket of. America it's not even close um and. because there is less flat line it's. also harder to build Manufacturing in. general it's a very difficult area you. can't build server farms for more modern.

technology it is very difficult even if. you're producing Green Technology that's. what a lot of people on like uh certain. political ideologies like they're like. oh let's invest in green energy to make. up for the loss and coal production for. there but it's really hard to invest in. that area because in order to build. windmills or uh solar factories it you. requires a lot of land and they do not. have the proper land in Appalachia just. saying it's just your overconfidence in. an area that. I actually find to be beautiful and love. is still technically declining we can. talk about it in a rational and.

reasonable. way you're also negative uh money in uh. you had negative. money you had negative you were under in. your checking account no yes that is a. checking account that I opened when I. was 16 and started working that's. connected to my parents account so I. don't so they were negative no no no no. no I don't keep money in that account. that account doesn't. why am I seeing lowest balance 100. negative $105 because sometimes I set up.

like my auto pays and I don't like I. don't remember they're going out so I. have to transfer money from one what. this $8,000 in this other one because. that's the that's my personal account. that's the account that I 8,000 is this. what you considered your emergency fund. to five no that's separate yes why is. there 8,000 if there's interest acre on. a card that is literally a couple. hundred why would you have $8,000 in. this checking account that's so stupid. I don't know I I guess that's an. emergency fund in my head wait so. where's the $5,000 then in a different.

account but you called that your. emergency fund so why is there why is. this your emergency fund that's not my. emergency F you said this is my. emergency fund in my head in my head. because I have two separate ones because. I don't why would you have two separate. emergency funds because in the account. that I don't touch that's my emergency. fund that one is that I need if I needed. money for anything anything fun yeah. like if I wanted to declining I love the. $8,000 but it went down from 10,05 yeah. so it looks like we had a couple good.

months and it's supplementing our bad. months those were yeah those are. payments yeah that is a realtor you do. kind of have to do that a little so I. guess we can't really fully celebrate. the 8,000 cuz it is going down and it. goes down until we're able to replenish. with the good months to supplement us. bad months that's is the uniqueness of. your job uh two Starbucks even though. and then two more Starbucks and a ven. will payment to $10 ven will payment $50. zeling out $33 and ven was. $75 not. great.

8,000 how often do you get a commission. check um this year I've gotten 12 of. them so I average about one mon one. month well 13 and what are we we're. feeling about 4,000 5,000 per commission. check mhm. okay let's get your cost of living let's. get what you need to. survive and then we can determine what. to actually do with this money this. isn't interesting I'm kind of excited we. might have an opportunity to actually. fix something okay debt minimum three.

payments 103. 115 I'm going to count. your secondary debt payment or your. second mortgage the one you're not. living in as a debt payment as well so. debt minimum payments is 1,000. $397 73 what comes in not including the. rent so what comes that you said they. pay 600 in rent they pay eight okay so.

then what comes in is going to be now. 5,000 well you need to set 6% oh let's. set 10% aside we need to set money aside. for taxes for that [ __ ] okay so after. tax you're setting 20% aside for tax. we're going to set 30% aside total for. expenses and. everything so we're going to add an. extra 560 so. we're going to call your income after. you're properly setting aside for taxes. and expenses.

5,720 okay then of course your current. mortgage is. 1,186 35 are they taking care of. utilities and everything and internet. and all that good stuff on their house. they pay their good what about your. Utilities in Internet gas electric. internet trash blah blah blah um it's. really cheap my gas is $40 my electric. the last three months has been 90. yeah um my trash is my trash Water and.

Sewer is all together and it's 70 uhhuh. internet um internet is. 40 cool vroom vroom drive drive gas so. only five streets in the town so can't. be much no I spend a lot on gas yeah cuz. you drive back and forth all how much. drive yeah um I would say 500 a month on. gas car. insurance. 555 a month the cuz the rack cuz of yeah. rack some speeding tickets speeding. tickets you didn't take the quizzes to. get it off your. record yeah I no wait I don't even know.

what that you can take quizzes to get. speing TI off it's probably dependent by. state and maybe Ohio doesn't have it but. most places yeah they're like like your. first ticket over the course of like a. few years like your first ticket in a. few years you you get it but they're. like here pay a little bit more but take. this quiz no I've never been made aware. of that okay well maybe not uh groceries. for you and the kid the kid is off the. nip cuz it's four yeah okay so the kid. has to.

eat we could do 500 a month TP fund. anything else you need to survive. throwing you and your kid in this $200. so anything he needs anything you need. some months are going to be lower some. months or higher we're deferring some. for higher months depending phone bill. um 110 that's a lot it's a phone and a. tablet well tablet like an iPad it's a. phone an iPad with service it's not. worst if he didn't have that I would say. do helium for 15 bucks a month but they. don't do tablets as far as I know.

actually they probably. do I mean the tablet I use for work and. then I let my son play on it sometimes. so it was sure he's an iPad kid it's. every kid today no medical health care. um no nothing no medications gym for all. the trainers okay pet insurance do you. have pets I have a a puppy I just got a. puy okay get them pet insurance. immediately we'll do 40 bucks how much. for dog food on a monthly basis um like.

$75 for a bag okay one bag a month yeah. anything else that I not that I have not. put in your budget that needs to be in. your budget um if you're not including. like the leads that I pay for then that. yes okay business expenses how much um. 300 a month 300 a. month literally if one thing goes wrong. this is all but 5,1. $148 unfortunately there's no really no. room for fun if we're going to start.

paying off debt but literally if one. income Source if they don't pay rent for. a month if they don't you know cuz they. only have an extra. 615 9.92 on a monthly basis one thing. goes wrong with one of the sources the. good father becomes a bad father and. decides complet in Mexico and doesn't. pay anything boom gone or he dies or who. knows um they stop paying rent or they. move out you have a hard time finding. tenant you know I want you to work on. behaviorally paying this off and I want.

you to keep that house for now let's try. to pay it off while you can keep the. house the rental. okay what's the interest rate on that. rental 2.1 what about yours my interest. rate right now is a seven on my okay. well hopefully refinance that when the. rates are lower could probably get it. for about six today but you don't want. to refinance until you save about 2% uh. okay so $600 I'd certainly pay off that. 561 in the first month or Capital One. first month Quicks silver second. month that $600 is going to go really.

difficult wait. honestly okay so we have. $600 literally unless you do not get the. commission big commissions it takes 17. months to pay off the Chase Freedom Card. and remember it starts a cre interest in. 9 months so I don't know you you were so. confident about being able to pay it off. quick yeah I mathematically impossible. if you're properly saving setting aside. for expenses on the rental and your. taxes yeah that's kind that was kind of.

my plan is like I was just using that. card that's why all my expenses were on. there but realistically like looking at. it now full picture like big circle it. doesn't make sense but. regardless I want to pay that off before. it but how but you can't math wise it. takes 17 months I guess I was kind of. banking on selling like a house and then. using that whole paycheck but don't you. use but that paycheck is calculated in.

our average income yeah but I made like. um a goal for myself next year to sell. like certain amount of houses and like. hit that goal and and the goal is fine. and I hope you hit it but I'm just going. off of what we're making now plus the. bartending job that you don't like and. don't want to do starting in a couple. months like that's all included in this. and you're still not making it and plus. there is complications with selling your. second house you're saying you're. renting it to them cheaper to help them. so you can't sell the house if you want. to help them right so that's not an. option.

either so total I mean 16 months this. has to take a minimum 5 years to pay off. all this debt except for the houses five. years to pay off all the. debt it's not enough I think you need to. uh can you work more days doing the. bartending um if I went somewhere else. probably this wasn't like something I. seek out they were just like hey we you. for this day ask if you make an extra. $600 you you double this process you can.

Pro you can pay off it's going to be. very close but you get close to paying. off that other card before interest. heads is it deferred interest you. know I honestly don't well we can look. at. it we'll look at it in between now and. the post show we'll talk about all the. degenerate post show the post show is. always fun you have to go get that other. job I hope your commissions go up if. your commissions go up we can put it all. towards the debt for the sake of you and. your kid in your future wait where is.

that kid's. money um in his child support account. that the into um tell me what the. account is it's the state it's just like. a checking account you can take it out. yeah I can take it out take that out. this will go further through future I. promise I promise where it's going to. get back plus more take that out take. $4,000 from your $8,000 in your checking. account then a couple months of work. then pay off the Chase.

Freedom actually no no no take five. 4,000 from your account 5,000 from the. kid account and a couple thousand from. your 1,000 from your separate side. emergency fund pay. off the Huntington card today Huntington. card today then Quicksilver and Capital. One pay off in two months now you have. an extra 100 $60 left on a monthly basis. that is moving you up from 8:15 to or. from 6:15 to like 850 860 wonderful or.

sorry sorry sorry sorry like 750. 760 but with. that maybe an extra 2,000 from your. emergency fund bringing it down to only. about 2,000 hopefully making a little. bit more bringing an extra 600 by. working either another shift or by. getting more commission you choose once. the commission is supplementing it you. can take away from that but with that. bringing that Chase Freedom down to.

8,000 by having an extra $1,200 on a. monthly basis yeah you pay that off in. time you pay it off just in time just in. time barely it's going to be. close and from there you start hitting. that car CU even if it's a 8% that's bad. and that still is going to take that's. going to take about a year at that point. but I I think you can do this in about 2. years from now two years from now if you. tap the money you have now the kids fund. and your emergency fund only even $2,000.

in there for temporary basis you hit it. and then you're bad debt free and then. from there what I need you need you to. do is whatever it costs to live you're. building a fully fronted emergency fund. for a year to supplement you because of. your type of business and then 20% to. investing and if you really want to. contribute to the kid we're doing 20% to. investing for yourself so that you have. a chance of survival in the future CU. you need to catch up on retirement 50%. on needs I think you can do that un.

less but 20% to investing 5% to your. kids. investing whatever your needs are less. than 30% and then the rest towards fun. and I think you can have a lot of fun. but that's what we need to do to pay off. the debt I think that's the game plan. okay that makes sense all right so we'll. have you on the follow-up Channel. throughout following up on this process. making sure you're sticking to it and. answering any questions along the way. guys make sure to join our YouTube. membership where you get access to the. post show and join the elite for the.

best value of dollar 10,000 hours of. extra content and a call-in show where. you can literally call in and ask your. money questions or drama questions or. whatever you want to ask and talk about. super fun and a bunch of extra shows as. well let's get your Hammer Financial. score Hammer Financial score spending in. a budget you ever spent zero out of 10. debt you don't have collections and some. of it's not the worst debt but it's high. for your income situation so I'm going. to give it a two out of. 10 let's give it a three out of 10. emergency fund you do have it stting you. need to use it some of it right now but.

you do have some of it we're going to. call it about for your living situation. a three out of 10 emergency fund. retirement is behind that's about a. three out of 10 as well real estate it's. not bad interest HS you know okay on. your house Equity positions great on. your second house but you took a line of. credit against it um your house what's. your Equity position in your current. house honestly I haven't looked it up um. but I'm I'm guessing I'm going to give. you a 7 out of 10 real estate.

yeah Hammer Financial score. 3.5 out of 10 guys join us in the post. show it's going to be fun and don't. forget you can bundle all of our. education which is the best online to. take control of your finances all at 15%. off I will see y'all in the post show. why are you always Sports trainers I'm. not always mhm yeah I'm sure well Tik. Tok is my dating app how do you date on. Tik Tok what do you mean how do we go. from training to didd d i mean you meet.

people you can meet people on Tik Tok. was it like you're getting trained then. all of a sudden whoops I. slipped so it was to watch the financial. audit post show click the join button. below.