Financial Audit's Biggest Psycho | Financial Audit

How do you not know that? Went from 15. to 30,000. How do you know that's not. double? You see there? You're sitting. there and you're looking at 30,000 and. you thought it was 30,000 the whole. time. You didn't think that doubled? You. didn't know what your balance was when. you first got it? What do you mean how. did you not know it was doubled? It's a. double the number. Hi, I'm Holly. I'm 26 years old. I live. in Austin, [music] Texas and this is the. financial audit. The financial audit. What do you do here. in Austin for a living? Uh I'm an admin. I'm ops support. So not really. secretarial duties, more like back.

office. broad, but okay. What do you I work for. a staffing agency. Okay, what do you. make? You guys always spam my emails. It's crazy. yeah. We do. What do you make? Um I make. about 48, 49 a year. How do you feel living in Austin in. that? So it's a single household income? Mhm, yeah, single household. Um I I mean. it doesn't feel great, but that's I. think mostly due to my student loans. I. think I would be doing a lot better in. life if I did not have student loans, so. Really? Yeah, oh yeah. I didn't graduate, so I. can't consolidate them. So.

the payments were about $600. What do you mean you can't consolidate. them? If you went to a private. institution, they'd probably allow you. to consolidate them. No, if you go to a private. A what? bank. Oh. Not that that would be good anyway cuz. you lose forgiveness protections and. different things like that. Oh, okay. not that you can't consolidate them, but. you're talking potentially within the. institution you're a part of for your. federal loans, right? The management. company? No, no, not the federal, the. private. The private loans. I can't.

consolidate them. I'll Yeah, I'll be honest, I don't even. know what's going on. Well, consolidation, I mean you could. private student loans? Mhm, through Discover. Did I. Did you even send a statement for that? Did I get that? in the I thought I saw federal student. loans. Um. I sent in my Discover statement. okay, cool. For one of them. It's that. First Mark. It's that First Mark. They. Discover sold it to First Mark. This. one? Like last year. Oh, see I thought this was a car cuz. it's so substantial. No, but no, but I don't own a car. [laughter]. I drive my brother's.

Your bro Do you live with your brother? No, I don't. I used to. So when I moved. here, I lived with my brother on his. couch for like 6 months. Why don't you. Well, okay, I'm not saying sleep on his. couch, but. do you live alone? I do, yeah. I live in. I live in a really small studio. can't live cuz of the What's your rent? Uh I think it's 1080 with uh Why don't. you get a roommate? So I had a roommate. at my last place and it was like the. worst experience of my entire life. a better roommate. So I I mean I agree. I just I don't know anyone to live with.

You know your brother? I do know my. brother, but he has a girlfriend, so. yeah, he has a girlfriend. They live. together. They both work remotely, so. they live in like a three-bedroom house. Yeah. Well, okay. I don't know what those two. correlations are, [laughter] but. okay. I mean that's not the most. outrageous and I know you actually live. in a good area relatively, you know, close to town, so. Mhm. Well, I'm in smart housing. outrageous, huh? I'm in smart housing. Oh, I thought I heard you say that. I. thought you said small housing. Oh,

yeah, no, no, I'm in smart. [snorts]. That's how I was able to. local subsidized. Mhm. Okay. Yeah. So. you went to school, borrowed a ton of. money for it. Where were Where'd you go. to school? Virginia Tech. Where did you What state. were you in before that? Connecticut. So you went out of state out of state. of state, but I had I had quite a lot of. like different financial aids and. things, Pell Grant, all of that. different type of stuff. So my. my tuition was roughly like anywhere.

from four to eight a semester. So most. of that came from like cost of living, like my you know, having to pay for my. apartment and like books and things like. that. job throughout? That always helps out. today. Virginia, so my pay was $7.25 an hour. So like Well, hold on, when? When was. this? When was school? Because even. Austin. 2016? Mhm. 2013. Yeah, that makes that makes sense cuz. yeah, a lot of minimum wage jobs were. actually paying like minimum wage during. that time cuz if this was like 20. anywhere from 2020 plus, nowhere pays.

minimum wage unless you're like in a. really rural rural rural area where. there's not a lot of workplace. competition, like extremely unique. circumstances cuz you live in pretty. much any city now in Austin, you know, the minimum wage is seven whatever it. is, but the real minimum wage in Austin is. like 16, 17, 18. Yeah, I found 18 bucks. to be the median entry level. lowest wage job in Austin Okay. when we researched the area. That's a lot better than Yeah, Virginia.

was not. Yes, what hits your account on. a monthly basis? Well, it was a. different time. Um so I mean rent hits, right? Um what? What? Income. Oh, just my just my job. Number. Oh, I don't know. Um. [laughter]. Uh Bubbly. Roughly 1,500 uh every 2 weeks. Okay. So. about 30 grand a month. And that's what. I had ahead. I had 3,040. Okay, yeah. Again, so that's about.

right? Yes, yeah, that sounds about. right. did you spend? Roughly that amount. You spent that. amount. Yep. Yep. [laughter]. Okay. every single month with no money. It's. better than those who spend more than. they make, but. Well, if you notice, those are. refinanced loans, so once I that ends in. January, I will be over. Huh? So that's. going to. You'll be over what? Like the amount. that I make. Like my amount that I need to pay every. month will. Huh? So those are. What are you saying? I refinanced my.

student loans, so the payments are like. way lower than they will be in January. Why will be? That has nothing to do with. refinancing. Refinancing, you didn't. lock them in. It was a short-term thing. No, you got you. You talked to them and you said like I. can't afford this and like Mhm. That. That's That's not refinancing. Refinancing doesn't mean all of a sudden. your loan's going to get You could. refinance anything, but if you get it. locked in, like you have like a variable. thing here. Or no, no, you have a. payment that's going to go up. You're in. some special program with the bank. You.

talked to them and you're like. a poor little me and they said, "Okay, let me help you for a few months.". Yeah, I guess it's not refinancing. Whatever. Oh, cuz So you This wasn't refinanced? Was this. with a different bank? No, this is with. Discover. I. Okay, so you just you just talked to. them Yes, and they gave me like a. 6-month like thing. Okay, and they might do it again. if you ask. Not that I necessarily want. you to do that cuz really the interest. rate doesn't change typically during. that, so it just really accumulates a.

ton of interest and really. Yeah, yeah, that's actually what I did. So I I I I I I I I I I I I I I I I I I I. I I I I I I. why can't you You're past. Yeah, you're past due. With your rent. isn't. Your rent is a third of your income. That kind of sucks, but your rent for. Austin isn't actually that bad. it's fine. So So why are we possibly due past due. $100? Cuz I know for a fact you could. make $100. I didn't even know I was past due $100. Oh, for sake, why? I set up the payments. I was set up on.

automatic. Why? Is it not automatic? Then you. didn't have money in your checking. account Must have bounced. Oh, that's fair. Yeah, no, that might have happened. Why. would that happen? Because I run out of. money. Why? Because your rent is a third. No, you What? I don't Like I don't know where it all. goes. You don't track it all. You don't even. look at this last month. do, but like I I don't know. What? If you looked, then you would. know. What the [ __ ] are you talking. about? Like I Okay, so I take a look at it and. I'm like this is the amount of money I. have. I just don't read. Is that what we're.

saying? Sorry. Like bills that I have. and then by the end of the 2 weeks, I. like pretty much all the money in my. bank account is gone. That's how it feels at least. Feels? I don't give a [ __ ] about feels. What does the math say? The math says. that I You don't have a car payment. I don't and I don't pay insurance and. like my brother covers all that. Your student loans are 220, which is not. insignificant, but again, for your. income and where your rent is, you have. enough money to cover it. Yeah, I'll pay that off. I didn't know. that it was like that.

But again, because because you didn't. have enough money in your checking. account. Yeah, that's fair. And if we don't have enough money in our. checking account, we're already. If any bill hits, I know. energy, rent, whatever it be, going to. the grocery store to get some food. I know, it's bad, but I tried to like. I tried to do my best, right? Like I. went on a bachelorette trip like a. couple weeks ago. No, no, no, no, hear. me out, hear me out, right? So I went on. this bachelorette trip, she called off.

the wedding, so like I How am I supposed. to tell her no? Two of her other. bridesmaids said no. How am I supposed to back out at this. point? So I took the security deposit. for my old place. If they said no, why didn't the the the. uh. The girl like unbook it or whatever? Why. didn't they re What's the person called? Not a groomsman, what a bridesmaid. No, what's the primary one called? Bride. No. The. Oh, wait, no, I have it wrong. This is. the person. The person, the the number.

one in command, the one planning the. party. You know, her best friend. typically? Typically, but she did not. Oh, she did. it herself? If two of her friends. couldn't If two of the people in the. party couldn't go, why didn't she just. restructure it so she could get everyone. around her? It would have been nice to do that, I. think because she had like just called. off her wedding, she really needed to. get out of. woah, woah. Yeah. Did I miss that? you missed that. Yeah, so it was a. bachelorette and then like a month. before the bachelorette, it became just.

a girls' trip. because she called off her wedding. it's [ __ ] dumb. So. Now it's beyond dumb. Hold on. was already booked. How much did you. spend? 400. That's dumb. the security deposit. 400 is actually. not even that crazy and again, you probably could have afforded it and. we probably could have made it work. But. again, if we have $0 in our checking. account, we can't pay our bills when. we're spending $400 on some little. girls' trip. Where did you guys go? What. did you do? What was it? We drove to Orlando. Her parents paid. for five nights in Orlando at a resort. were already paying for it. Well, so.

what was your $400 part? It was for gas. to get there. We stopped in. Hold on. How many people? It was just me. and her. Oh, this is not a girls This is. like And well and another girl, but she. flew cuz she was pregnant, so she didn't. want to like do the whole. the whole like it was like a 16-hour. drive there and back. If it was $400 just for that, I think. you could have flown there and back. But that it was for gas, all the food. that we paid for, multiple hotels. It was that was the thing. you said they paid Okay, they didn't pay. for lodging. but we drove there, so we stopped in New.

Orleans. did you guys stop? What What? in Alabama to see one of the girls that. couldn't go on the trip, and then on the. way back we stopped in Gulfport, Mississippi. Yeah, so it would have been. better to fly probably. But at that like. At that price? I mean, yeah, but I guess. like at that point like we had already. planned to do that and like booked the. hotels, so we weren't going to like. switch it around. planning to pay your bills? I know, but. like it it it in my mind it equaled out. because I used the security deposit for. my old place for it. So like in my mind.

Are you. What What. Gosh, I must I'm about to stop with this. You got to stop that. I understand. Listen, you're not trying to justify. what you're doing. Now, you were trying. to say it was gor- girl math, so it was. like it's past dumb, so I'm not going to. murder you for that, but just shut up. with that. Going forward, don't use that in your. life. It's a stupid. Just stop. Okay, but I want to focus on the security You. used the security deposit that you got. back? Mhm. How did you pay for the security deposit. in your current place? Cuz usually you.

just move it over. Your brother paid for. it. So yeah, so my brother paid for my. movers and for um A nice brother. apparently. Do you owe him? No. He His. one caveat to giving me money cuz I lost. my job in December. What was your job? Here in Austin? How. long have you been in Austin? Are you. from Austin? I've been here for 2 years. I got a job. before I moved here. I moved here for. that job. What was it? It was an. executive assistant position. Why did you lose it? Uh. I could not work there anymore.

It was not going to be a good situation. for me anymore. So. I just I could not keep doing it. He was. trying to make me add even more people's. work on top of my workload, and it was. just it was going to be impossible. So. that changed a lot of my financial. situation cuz like Oh, you quit. You. weren't let go. Well, I I made them I. made them fire me because I was like, "I'm fine with staying here in my. current capacity, but if you're going to. ask me to do all these other things, no. I'm not doing that." Okay, well that's. fair enough to fire you. If an employee.

says no, they're not going to do the. work, even if it's more work. Yeah, it's fair to fire you. Yeah, that's what I thought, too. So you know, I I was like, "You know what? I think. mutually this is just not beneficial for. either of us anymore.". but but but but but you were done with. the job. That's also fair for you to. quit if you don't like a job. However, in that situation, I would say let's. make sure something's lined up first. It. see Cuz did you end up getting. financially from that? Oh, absolutely. Okay, then what? It's so Then why not do. it the adult way? Have something lined. up. What do you What? I So I didn't have.

anything lined up because I wasn't. expecting it to happen, right? Like I. wasn't expecting to stop working there. This was like 2 days after my birthday. I'd just gotten like a $5,000 bonus. Like I had just like things were going. really well, and he just hit me out of. nowhere. I personally think because I had just. started. to get fired. It Okay, it was a PIP that had come. through. So like. Yeah, uh performance improvement plan. Oh. my improvement was going to be managing.

another person. To make sure that they were doing their. job. Yes, it makes no sense. I told them. multiple times it made no sense. Not the type of person to back down. So. I It was not a good situation. I was. renting from him. So he bought me a. bought me this purse that I have right. here. [snorts]. Um So like it was just it was not a good. situation that I. you know I have to ask. Was it like No. No, no, no, no. Okay, cuz with the gift. and the this and the that and like. things and like.

So why were you fired? Was it. ever officially disclosed? Oh Oh, yeah. They gave me a termination letter. It. was for like. Why were you fired? It was for refusing. to take on extra work, insubordination. for refusing to take on extra work. Okay, fair enough. Why didn't you do the. adult way and just go get another job. and then quit? There's I had no time in. the day to I was working 60 at minimum. hours a week. Like it was insane. Like I. had no time, and on top of like my. medical problems, like when I would come.

home at the end of the day, all I'm. doing is crashing and then waking up. Yeah, you had 108 hours left in the. week, so Are we subtracting sleeping. from that? Right? And eating and like taking care. of myself, right? Well, okay, what's taking care of. yourself? Cuz I will obviously. Showering, getting dressed because like. part of my job No, because part of my. job is being an executive assistant. I. have to be extremely presentable because. that is the type of person that he is, okay? Like there are. hundred-thousand-dollar cars in my. garage at this point. Like.

It He part Like his whole idea was that. you had to be This was my one-year gift. Well, then if you if you're. if you're trying to look absolutely. incredible incredible incredible, but. you rushed it, how long would it take? Uh. blow-drying my hair, everything, it's. like 2 hours. Oh, see, I don't blow-dry. my. quickest? If I could blow my hair out, I'd probably To look good. faster than that. It's like 30 30. minutes to an hour, depending on what. I'm doing. Like I went to this private. Ferrari that was like the kickoff for. the F1. That took me like an hour and a. half to get ready for.

You just stop it. You What you. Hold on. Okay. I mean. Okay, minus 8 hours of sleep, so seven. You There's still 7 hours left in a day. Because the 60 hours was spread across 7. days, right? No, that's me. Then then then it's extra stupid. Then. you have the weekend to apply for jobs. worked on the weekends. I was on all. I just said what I was saying. If it was 60 spread across 7 days, then. you have 7 hours a day left after 8.

hours of sleep. Let's call it an hour to. get ready, wonderful. Let's call it an. hour for total foods cuz you're meal. prepping. 5 and 1/2 hours you still have. left to apply. Cool. You need an hour to. relax, wonderful. You still have 4 and. 1/2 hours to apply for jobs. Well, I mean, I didn't I don't I don't. know what to say. Well, no, and that's the point, but. you're trying to make it sound like it. was out of your control. It felt like I. Well, it obviously wasn't. You ever spend way too much on taquitos. just because you're too tired to cook?

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the episode. You just weren't being an adult. Were. you tired? Absolutely. Do I feel tired. after a work day? Absolutely. Doesn't. mean I can't do the things that would be. required as an adult. If you don't like. the job, you could have found another. job. Equal pay? Maybe not, but just something. to supplement so you could get out of a. thing that you absolutely hated instead. of getting. by going into the position you got into. by forcing yourself to get fired.

Yeah, no, I think that's completely. fair. I just think I was in an echo. chamber of like their craziness. Do He. was like. Why is it blame blame blame? Why is. nothing on you? No, I mean, it was It. was my decision to not continue working. there. He He told me if I asked for more. money, he would pay me more money to. stay. No, that's but from this. conversation so far, I wouldn't hire you. to save. if I was desperate. Okay. [laughter]. Would you from this? I mean, I don't I. don't.

know you outside of this, but from these. 15 minutes or whatever. I mean, I don't know. I'm not like. interviewing. I'm not like presenting my. skills. about work and your life and the. deflections and the blames, which I get, but the way you handled it was like a. child. I I'm sure that it was. It was my. first time in a situation like that. long in between that job and your new. job then? 3 months. Okay, did you have any savings to I had. that $5,000 bonus that I had gotten. Okay, which would have covered 3 months.

of this rent. But I was not living. there. I was living in the domain. Okay, so it's an expensive area. I had to get. out of. your rent? It was 1450 before like all the. amenities and stuff. So once you added. all that in, it was about 1550 plus. electric and Not the craziest for the. domain. No. But still obviously bad for that. situation, and then your brother took. care of you. You relied on your brother. I'm just confused why today making okay. money are we possibly at a point where. our checking account would be at $0 and.

not being able to afford the minimum. monthly payment on your decreased. minimum monthly payment amount of your. student loans. this, too. Okay. Like genuinely. Well, then maybe. let's get into the crying. I am. I reduced my spending so much. I. was making I was making 65,000. I I. reduced it insane amounts because I was. eating out pretty much every single. meal. He's paying for my car and. everything. So I didn't have all of that. that was added in. I don't know how much.

for gas. I do I do still eat out. Instead of making student loan payments. But I am eating out quite a bit less and. I'm trying to be so much better about. it. I don't know out Dollar amount. dollar amount. maybe like 20 dollars a week 30 Okay, $250 was spent on going out to eat. So. your math is stupid math. Your math is. not math. It's not mathing. There's no. math. I would say one of those was because I I. think I went to dinner with a friend. Oh my goodness cuz something unique. happened. That was like something unique.

happens every month. Just like going to. Orlando last month. Just like there'll. be something unique next month. There's. always something. All right, fine. So there's always. something. So Uh-huh. Okay. So I eat out. too much and I can definitely cut that. out. So I don't I but I Sometimes you. just don't have the energy to cook. It's not about energy. It's about being. an adult. You don't have the energy but. guess what? You know what helps with. that? Meal prep meal prep. My. uh I have a friend and co-worker here. Um.

He's a loser on the weekends. He refuses to leave his house. But what he does in that loser ness. I just make fun of him constantly. because he refuses to do anything on. Sundays. But what does he do on Sunday? He meal preps his entire week. Every lunch every breakfast every. dinner. And then it doesn't matter if he's lazy. and tired after work cuz guess what? Meal was already done. Just got to warm. it up. I don't know. It was just that's. a situation that wouldn't happen again. Like I was supposed to go to a concert. No but there's a unique situation every. month. It's not that situation would.

happen again. It gets replaced by. something else. It always does. The Orlando from the previous and then. this. Exactly. It's what I'm saying. I know. and it makes it so hard cuz there's. always things to do and I want to do. them and so I do them. I get that. Okay, you sound delusional. It you take the hard things hard things. always come up in life. Choices come up. in life and the adult decides what's. more important. Me being able to make a literal minimum.

monthly bill or getting dinner with a. friend. And why does dinner with a. friend have to equal hundreds of. dollars? So what are you. I mean that dinner wasn't that dinner. was less than $100. Okay, then not then your math isn't. mathing anymore cuz you said the reason. why we got to that dollar amount cuz you. went to dinner with a friend. That was. the only thing you're excusing. Other. than that you said it was $20 a week. If. it was less than $100 then you're doing. $20 a week eating out. We don't add to. that much money being spent. I just What? I just I don't know. I just What? You.

You can't handle being called out? No, I. can be I I just that's just how I I. spend my money and I don't know what to. like say. [laughter]. I just I appreciate your joy through. this but it's not a silly little hee ha. hee ha. I'm not I'm not hee haing. I'm not. Uh-huh. I'm not hee haing. You thought you spent $20 a week. I said. how much you spend and you blamed it on. because you went out to eat with your. friend and then I challenged that dollar. amount and you say you spent less than a.

hundred. So things aren't making sense. You're either lying you're either. delusional or you don't know anything. I might be a a little delusional on my. eating out spending. What about your spending on everything. else? I think that I'm doing pretty I. try to do good on my electric. I keep it. at like the same. Okay, what about things that aren't. necessities to keep you alive? How about. that? I. I'm doing pretty good I think. Uh-huh. Like I I have three ply toilet paper. I. think that's good. Okay, miscellaneous. bull things that could be in app. spending. Could be anything. It could be.

a video game. $428. spent. So what the are you talking about? Okay. I do Oh here it comes. Okay. I do partake in legally acquirable. activities. Uh-huh. And I $480 a month? I would. imagine that's where a good amount of. that is coming from. Okay, listen. all of it but. Congratulations. Yeah, destroy your. lungs. That's up to you. But guess what?

You're also destroying you you you. you're choosing. green. That green I use it as a medication. Uh-huh. Prescribed by doctor? Prescribed by doctor? In Texas? Well, there you go. So I don't give a if. it's a medicine if it's not prescribed. Here's the thing. Like okay, not legally prescribed. Okay, there we go. That's different. Did they say it's. perfectly fine or did they encourage you. to do it? Okay, They encouraged me to.

That is different. They would much. rather me do that than be on the. prescription meds. Oh okay, listen and. if that's between you and them okay, so. how much of the $480 would be from that. then? I would say probably. more on groceries. Um I would probably. like 300 of it. Was. from. stuff, right? [snorts]. Was it more? Was it all $480? I we haven't I we'll go through and. we'll find out. I think it's I think. it's like more than half of it. Yeah, I. think that's accurate. Uh-huh.

It's you know medical that's a different. thing. But you also said you do. recreational and if there's recreational. and to you that that green is more. important than the green that you owe. the bank for the stuff you agreed to. take out and sign a legal contract then. you're just being a child. Medical's. different. The recreationals. I yeah. It just gets. you know, sometimes you just go out and. eat. I don't know. Whenever you're like. you know taking part in recreational.

activities. Sometimes you just go out. and eat. What? Munchies? Yeah. Oh, you're stupid. Okay, come on dude. That's where part of the food is. probably coming from. you can't control it then. No, I. No, I can control it. Then don't go out and eat if you get the. munchies. Don't be a four-year-old. Well, they. they are expensive. So what I tried to. tell. No, what I tried to tell myself was that. I deleted all the delivery apps and.

stuff, right? Because that's all way too. Here's a tip from our pothead-in-chief. So if you Here's a pro tip he says. Make. dinner before you get high then you'll. have a whole meal right there. Right and. But of course you only spent $200 on. groceries so probably can't do that. 200. in a month? Okay, I guess I'm getting less groceries. than I thought I was. But I. I And you'd probably too high to know. I personally felt like it's better to. get groceries delivered than it is to.

like go out and eat instead. $200 in groceries. $200 in groceries. $200 in groceries. $200 in groceries. I'm trying. No, you're not. This is way. reduced spending. From what? whenever I was making crazy money. Like. this is me like Oh but that's obviously. I'm hey, no that's what has to happen. If I get a pay cut if I if the business. doesn't do as well I spend less money. That's a requirement. That isn't a pat.

pat on the back. You literally did the. basic minimum. Oh my gosh. You're really an absolute. child. If you think you get a pat on the. back a hug and a sticker for that. We're not in middle school. You're doing. the basic adult requirement. I'm so. confused. I guess. Oh my gosh, you are actually a. kid. You are [laughter] actually a. child. I like the bit about but it's just like. I I am trying. I don't know. No, you're. not. I've Okay, I can.

You feel you feel like you're trying. Yes, I feel. I feel like I'm trying. I feel like I. could maybe try harder Meaning you're. rewarding yourself mentally with a. mental pat on the back that you're doing. the basic minimums. and calling that trying. 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.

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$30,189. The minimum monthly payment right now at. 220. What is it going to go up to and 38. cents? Um I was paying 600 total between. the two different. There's cuz there's two accounts. That's. what I'm saying. is the 220 for two accounts or is that. just one? The the 220 is for one. That's. for that's one of my accounts. I spend. So I they sold it to. I have another account. Yeah.

And and then I have the government loans. too. So all 75 Oh wait. No no no no no. No. that I think Wait. Woah woah woah hold. on. What's There's another account. No, statement total 220. That's. one. They just sold it to them last. month. So, this is my first time paying. this company for that. Okay, so that's this company. What is. the interest rate on this? Do you know? It was before I had changed it. It was.

variable. So, it was between 9 and 11. Yeah. I don't have a single loan under 9. Yeah. Yeah. [snorts]. 11%. student loan for a degree we didn't. acquire. And that's fine. I also dropped. out, but I don't have a 11% death debt. for it. Yeah, I didn't really know like student. loans and my mom went to college on like. the Pell Grant and everything. So,

Well, I also agreed before I got I was. the first one to get student loans, too. That doesn't mean I didn't understand. What? I mean, I just feel like I didn't really. understand what I was going into. And. then on top of that, I was wait-listed. do you think? at Virginia Tech. I got. off the waitlist too. soon for FAFSA to process everything. So, I agreed without knowing how much. FAFSA I was going to get. Mhm. Okay. Because the original college I had. agreed to go to, I was going to do a. three-year. This is the issue with college, man. I. know. You see the college you want to go to,

it's the dream school. You get in and. then you will literally sign any piece. of paper in order to be able to do it. And that's what I don't like. College. should be about the education that you. get for the skills you're trying to. achieve. Uh. learn so that you get the job you want. to get and become a well-rounded person. That's what college is. It's not about. the sports team. It's not about, you. know, all the extra. And then you just sign this unlimited. debt. Pretty. And this is why I don't know That's why. I like. I. trade schools and certifications through.

companies like Course Careers for tech. certifications. That's what I like. I'm. personally I I agree with that. I went. to college. I did my biological. sciences. I was published on a project. I learned that that's not what I wanted. to do, everything that I thought I. wanted to do. And. Wait, what did you want to do? And then. I wanted to work in a lab. I wanted to. um And then what did you determine? I. determined that I did not enjoy working. in a lab. And I didn't know what I. wanted. you wanted to do what instead? I I. didn't know. I got into a bad. relationship and things kind of like. went down. Let's get straight to the point. If.

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on. Hold on. Hold on. Hold on. Hold on. Hold on. This cannot be correct. Wait, there there No, no, no. There is. something wrong here. This cannot be. correct. When was the last time you got. a statement before this? Since 2018, 2017? Uh wait, wait, wait. I'm trying to. understand. Because cuz cuz cuz cuz I am seeing. estimated interest accrued since last. statement $15,287, meaning this is doubled. Doubled? Doubled since when? When was the last. statement? Cuz that is literally what. it's putting next to it. Well, no, this. is a brand new. They just sold it to.

this company. you telling me that you borrowed 15,000. and it's gone to 30,000 for this loan? so. I don't think so. I think that's the. same because it's a brand new like they. just sold it to them. I listen. Estimated interest accrual since last. statement and the number next to that is. $15,287.18. Was it zero before that? I can't see cuz I'm looking at this. statement and all I'm reading is. estimated interest accrual since last.

statement and then that number. I think. all that's saying is that like that's. how much interest I have on the total. loan because this was my first payment. the $30,000 loan cuz the estimated. outstanding. Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, Estimated interest accrual since last. statement $15,287. That And that's just. don't know what the last statement is. What was the last statement you got? Was.

it the original? Was it when we were. taking these? Was. I don't know how much it was though, I'll be honest. Okay, hold on. I could pull up Discover. Yes. That has to be it. Because all you. borrowed was 9,700 from here and 4,283. from there on this loan. So, this. account that has 15. That's great. That's a different. account, though. I'm looking at this account. This. account was 15,000 borrowed, but it's. 30,000 dollars owed, meaning it accrued. 15,000 dollars. And the way it possibly.

did this because it's been sitting since. 2017, 2018 is because you keep going on. these low payment things, allowing. interest to accrue instead of making any. any attack towards interest or. principal. So, you've allowed yourself. to get. $15,000. When I was at my last job, I was making. over the minimum payment. So, when I had. the ability to, I was trying to pay more. than the minimum. For how long? About a year. Okay. Again, we're talking. since 2017. I know, but I was in college then. Like.

I was making $15 an hour. 20 the spring semester of 2019 I stopped. taking So, 2019, this has had five years. to accrue. Even if you even if you were. paying decently for a year, this had. five years to accrue. So, I am not. surprised at all that this is doubled. Doubled. Which is insane and I did not. know that. know that? How did you not even know. that? You look at the $30,000 and you. didn't even know that? How do you look. at the $30,000 and not even know that? If it started at 15,000 and you see. $30,000, how do you not know that went.

from 15 to $30,000? How do you know. that's not double? And you see there and. you're sitting there and you're looking. at $30,000 and you thought it was. $30,000 the whole time? You didn't think. that doubled? You didn't know what your. balance was when you first got it? What. do you mean? How do you not know it was. doubled? It's a double the number. I. didn't I don't know I feel like that. cannot be correct. Because I I just like the last time that. I looked and I went through. What? like everything. When? Probably like six months ago. Okay. A year ago? Uh-huh. Like that's. not what it looked like. Like I mean,

yes, I was paying like. Well, then you didn't look at the. numbers correctly. You need to go through our debt class to. understand your debt and how to go. through your debt, know what is good. debt, how to utilize good debt, and how. to get out of bad debt and different. strategies. You know, need to go through. our budgeting program. You get all these. for free. They're all bundled together. for a 25% discount, link in the. description. But, you need to go through. them so that you know how to look. through your statements, how to plug. numbers in, how to track things, and. actually understand what your finances. are. Because you If you didn't come to. this conversation, you wouldn't have.

even known that this was doubled. Because you looked at it last time and. you didn't know. You just thought it was. just the normal numbers. You didn't. I You don't know how to even look at. your numbers. So, please go through the. education. Please Say go through the. education. And I'm sure that whole like. 2% cuz I think I'm at like a 2% rate. right now for six months. No? No. That's what I was at. No. No. No. I'm at 11. I'm at 11. Half of it is. at 2.7, half is at 11. Oh. You don't. even know. You don't even know. You look. at your statements, you don't even know.

what you're looking at. Oh, for sake. When they were with Discover, they were. like that. I don't give a [ __ ] about Discover. I. literally only care about what's in. front of me. I know, but I just I I have. not looked through for since then. Why? Cuz they just sold it like last month. Why didn't you look last month? It's. stressful. You know what's more stressful? Being late and accruing fees and having. your loan. double. I think that's stressful. It's stressful to me, too. I'm the one.

that has the debt. Then look and figure the [ __ ] out. It gets more stressful longer you let it. sit. I'm a little stressed, so I don't. look at it. Guess what? It gets more. stressful when it's worse later. Okay, so we have this loan 4,000, this. loan 9,000, this loan 7,000, this loan. 8,000. But, total estimated. because they didn't start there. This one started at 7,000, this one. started at 7,000, that one started at. 8,000, 8,000. But, total estimated. interest accrual on the first loan.

2,700, 4,900 on that one, 3,000 on that. one, $4,000 on that one. Jesus, so like half of the loan is. Yes. Literally a uh per day. per day. the interest that's accruing now that. you've gotten most of them down to 2.7. temporarily. Mhm. But, 4,000 is still at. 10.9. Yeah, you're accruing like $3 a. day in interest, but it's going to be.

like it's going to be like 10. 10 to $20 a day in interest in like a. month or two. I know. I just I It's. honestly crazy to me that it's legal for. us to do that at like 18. [laughter]. I just think that's crazy. How? Do cuz like you're essentially a child. They They restrict you from pretty much. everything, right? That's good. You were essentially you're a child at. 18. Okay. Then you shouldn't be able to.

drive. Then you shouldn't be able to. vote for the future of the country. Then. you shouldn't be able to serve in the. military. Then you shouldn't be able to. work at a job because you wouldn't know. how to advocate for yourself if you were. working with co-workers and having. employees. Then you should be coddled by. your parents and you shouldn't be. allowed to go outside. You shouldn't be. allowed to go to college and live on. your own if you're a child at 18. If. you're going to infantize yourself, then. you have to infantize yourself across. the board. I'm not saying me personally. You just did it shouldn't be legal. because you're a child. If you can't. sign a piece of paperwork cuz you don't. know how to read words, then you.

shouldn't be allowed to do all those. other things either. But you shouldn't be allowed to do it. without them teaching you about this. stuff. Teaching you? Teach yourself. If you're expected to do all this other. you can learn how to read numbers. Isn't. that like the why there's an entire like. H&R Block like an entire industry there. other than lobbying is because they make. it purposefully difficult so that you. have to pay people to do these things. Pay to read this. purposefully convoluted. But it when I signed up for student. loans, I knew the number I was at least. getting.

I knew the the total number that I was. getting. And I knew that it was going to. be a variable rate. Then what are you talking about? that it I I didn't know realistically. where I was going to end up. Nobody was. like, "This is how much you're going to. be making when you graduate.". You can afford like blah blah blah. Like. there was no classes for that. There was. no There was no nothing. I was just. like, "Okay.". Well, hold on. Hold on. Hold on. First. of all, even though they're not always the best, you can talk to advisors at universities. that will at least if you ask the. questions, they will answer it. Whether.

or not they'll, you know, tell you. without you asking, that's different. And then there's advisors at high. schools as well. You could also have. this. Oh, what's it called? Um hmm this. interesting little thing called Google. Yeah. It's it's really curious. I thought I. was going to work in a lab. How much does this person make working. in a lab? Okay. Okay. Okay. Don't get me wrong. It is hard and. we set up people incorrectly. We set up.

people where it's like you have to go to. college. Don't get me wrong. We set up. people incorrectly. But you're. infantizing yourself. Again, I'm not. fully against what you said, but the. fact that you said it should be illegal. because we are you're basically a child. and you don't know what you're doing, then you have then you have to take that. across the board. You cannot do all that. other stuff as well. I agree. I agree it. would be like that. I think that you. should step kids up in responsibility. and give them more. I just I don't think. America does that a great. No, the.

process is quite bad. But if you're just. infantizing yourself you know, endlessly, then this is like what's the. point? This is again this is more victim. stuff and that's what I don't like. All. right. Accountability then. I signed up. for these student loans. Uh-huh. I need. to make sure that I'm paying. You're good with the being accountable? Yeah, absolutely. Okay, so you would be an accountable. citizen meaning that you pay your taxes. I. am filing them when I go home in 2. weeks. Huh? You haven't paid taxes in 2. years. I have not. I have not filed.

taxes. You don't even own a business, so. there's not even like a good excuse of, "Oh, I just kind of forgot." W-2 is plug. and play. Yeah. It's the easiest thing. that you can possibly do. So what how I did I filed for an. extension. You're probably someone that thinks that. you're owed all these extra little. benefits, but you don't even pay taxes. I'm not taking advantage of any like. government services, nothing. I use the. smart, but that's it. I We don't We. don't have access to anything. Like. Yeah, you That's right. You use the.

smart. She uses the. local subsidized housing, but she won't. pay her taxes. She uses the roads, but. she doesn't pay taxes. If she gets laid. off, she'll probably file for. unemployment, but she doesn't pay for. taxes. I didn't get any unemployment. if she if if there's a fire, I bet she's. going to call 911 and request fire. services. I bet if someone robs you, you'll probably call for the police. They wouldn't pick up. It's APD. [laughter]. So I feel like you probably. exist. You know, what if.

uh. And I don't know why why go down that. road. for it. Like I'm just going to end up. paying more for it. you'll pay penalties. Yeah. So they're. just making more money off of me. This is you being responsible. That's. what I care about. It's you acting like. an adult, but you didn't. Why haven't. you for 2 years? I didn't because I had filed for an. extension that first year because I saw. my Connecticut taxes and they were. insane. Okay. So I filed for the. extension so that I would have time to. pay them off. And then things got like. insanely crazy at work and I completely.

forgot about the October 15th deadline. Oh until after it was done. have no responsibility. I lost my job and I was scared to file. them because I knew that I still. couldn't afford them. And then Well, there's hardships. declarations at that point. But what. there is I don't know that. Google. My gosh. Why does no one have. the ability? I'm so curious. If I. How am I supposed to know that question. though? I'm about to tell you. Whenever I have a. problem that comes up and I just like I.

don't know what to do, I literally just try to seek some. information to figure out what solutions. there are. You didn't even look to see. if there were solutions. Yeah, that's fair cuz I didn't think. that there were. I thought that I just. Well, how would you know without asking? This I will never understand. There's so. many people on the show that's just. like, "I didn't It's just I didn't even. try to find out if there was anything.". That I just don't get it. I knew to ask. I thought that I just. that question. You wouldn't know that. question and that's fine. But looking.

for solutions, you would have found an. answer. That's fair. That's fair. Yeah, no. I just like I was just like, "No, I. can't.". Yeah, no, there's only 7 hours left in. my day after we did the math. Ah, but. I'm too tired. I couldn't possibly type something into. a search bar. I was busy, I guess. I don't know. Busy? You had extra time. Yeah, I just. would I guess whenever you're. What are you out there raging on Sixth. Street 7 days a week? Oh god, no. Okay. Then you're fine. moved here, but.

not anymore. Yeah, you were probably. fine then. Yeah. Unless the other whatever 5 to 7 hours, whatever it was, we determined you were. at a restaurant, which wouldn't surprise. me. I mean, yeah, I was in some of that time. I was doing like free things, but I. I No, like free like free time things. So filing your taxes, how much do you. owe? I have no idea. How much did you. owe before penalties? I owed $1,000 to Connecticut and no. money to Texas. You could have done. $1,000 at that job. So So $1,000 is all.

you back owed? Yeah. You are a literal child. That's why I applied for the extension. because at that very moment I didn't. have the $1,000 to pay. So I was like, "Okay, let me file for the extension. I'll be able to save up for the $1,000.". Stop hitting the damn table. Sorry. It's. okay. Um I So I was like, "Okay, I'll be. able to save up for the $1,000 and then. I it it just I guess fell off. I wasn't responsible enough to make sure. that I completed it by the deadline.

Mhm. And then I rolled into last year. and I got more free time. Oh, is that it? Probably. I don't know. I thought that it was going to be crazy. And then I read on the internet that. like they come like they'll put you in. jail for the third year. [snorts] So. [laughter]. I was like, "Freak." But my mom knows a. tax guy who does taxes. So. Okay. Okay. I mean, they'll. The IRS would much rather get their. money than put someone in jail, trust.

me. They're actually quite chill if you work. with them. Oh, okay. Yeah, I got like. really stressed out. So. I was like, "Okay, Mom, we have to deal. with this when I come home.". You're 26. Why are we still relying on. Mommy to help pay taxes? Just to make. sure that like I'm doing everything. right and she knows a tax guy. So he's. going to like help me to make sure. because. Well, I'm okay with that connection. part, but literally here you could have. found a CPA that would have spent like a. 5 minutes on this probably. Yeah, that. but they cost money, right? but again it wouldn't have been a lot.

Oh my gosh. Okay. Discover. We have a. Discover card. Yes. I do have a Discover card. sick. Oh my goodness. Oh. Yeah. Yeah, so. it's. Who do I have to punch right now? This. is crazy. It's it's over maxed out. It's over maxed. It's over maxed out. How? out for a while. What's a while? And why? Uh at least 3. months. What's 2 weeks? Why? Because I keep putting large amounts on. it, but. Why? the interest keeps hitting and.

taking it over. So don't put large amounts on it then. What do you mean? Don't I have to. Oh, you mean payments? Yes. Yes. [screaming]. I'm not. No, no, no. If you were below the limit. and you're just even putting just the. minimum of the payments to it, the. interest the way the math works is you. would still still make progress even if. it's like $5 of progress. It wouldn't. have put you over. You had to have spent. on this. Or you Or Or Or Or Or you. didn't pay towards it and then fees. happen and fees will push you over. But. there is no way you were making the. payment and you went over. There is no.

way. No way. I definitely No, there is not. [screaming]. payment. I think what. Not on this card. This isn't one of. those cards that gets you fees on a. monthly basis. There is no way unless. you were already. It maxed out while I was unemployed. So. I've been paying like large amounts to. try to. Okay, there you go. If it was already. maxed out, that's different. Yeah, it maxed out while I was. unemployed. So I've been putting like. $300, $400 towards it and then at the. end of the month the interest takes and.

I'm still over. Well, the interest is $1.19, but the the. minimum is $1.40. So again, it's still. $300, $400. $200, $200, $200. Interest this year so far is at a 25.24%. interest rate, which for most credit. cards on the show isn't actually the. worst. It's usually like 5% more. Interest this year so far $1,000. is allowing yourself to get. Why is this maxed out to begin with? It's because I was unemployed. So I was. putting like utilities and like.

groceries and things on it while I was. unemployed. You were unemployed for 3 months. Plus. you had $5,000. I'm confused. Your. spending must not have stopped. Well, I. also like I was I had the $1,500 rent at. the time. Yes, I know, but even with. that, okay. I get that, but that. wouldn't lead to this max out. I paid to. get out of my rent. Oh, to break. How much was that? That. was the entirety of the rent. So, that. was $1,500. And then I had to pay for. movers because I have I have medical. problems. I can't move. have friends? Any of my stuff. No, I. didn't have anybody that I could that.

could help me. He would rather pay for. it than to do it himself. did you pay for movers? You can afford. to pay for movers. It was like $1,000. What's your medical. issues? Um I have a herniated disc and a. few other things. Okay. So, I have issues with like I can't. carry weights and Uh-huh. Um you know, walking and standing. So, I I was in a. wheelchair for most of like for a good. part of like last year. Yeah. That's wild. So, um I'm I'm glad you're not. Part of why I'm struggling is because. like I used to work food industry, right? So, like I would just I would. just get a bartending job and pay all.

this off. Like that that's what I would. do except for the fact that like once a. month for like 3 days I fit I cannot get. out of bed cuz I can't walk. And then on. top of that like. it's whenever my back flares up. I don't really have a choice on when it. does stop. I do my best to make sure. that it doesn't, but it's it's about. once a month. could do some remote customer service. jobs after hours though. Okay. I mean I. just I hadn't I I've looked into things. around town, right? Like. Planet K and just things that would be. more chill. Mhm. and that would maybe be more.

willing with my issues and I just like. they don't somebody that can work the. hours that I can work cuz I work 6:00 to. or 9:00 to 6:00 at my current job. So. Yeah, you might have to like shift. See if you can get like a call center. job something like that. Okay. I mean I. [snorts] I would be open to that. It's not going to be great pay, but this. is extra. Yeah. your concern is to actually pay down the. debt. How much do you owe your lying. your brother? Um not anymore. I haven't. I haven't taken I haven't taken any. money for him since June. But he got you.

the car? It's his car. He owns the car. And you drive it when. you need. He takes public transportation. to work. And then you. Okay. Well, that's fine. Oh, I mean that's okay. That's I'm just. Uh when I'm done with the. Without your brother, I don't know what. you'd be doing in life. Oh, I would I would be living in. Connecticut. That's why he he didn't. want me to have to move home. So, but he. also didn't want me to move into his. place. What are we affirming? We have a firm. Swiss Dental. Yes, so that is my.

retainers. I. clench my teeth so hard I break them. sometimes. So, I have a very fancy. [laughter]. I have very fancy. retainers top and bottom, but. I mean like. My So, my brother does still pay for. like going out things whenever we go. out, but that's because he wants to do. things. So, that's how he's like he is. planning on setting up a bank account. and putting me as like a up person on it. solely for entertainment.

purposes. So, because he he I know of. all the things that are going on around. town. So, he would rather me just buy. the tickets so he doesn't have to go. and then just be like, "Hey, we're going. to this. This is so weird. He is just. He just he's a dink. Like he just he has. so much spending money. He just. Which is great. Maybe he should spend. it. That's just I don't know. It's weird. if he wants to spend it on doing things. and he did they both work remotely so. they don't have Well, I'm chill with it. It's just it's just the the account. thing's a bit weird where he's going to.

give you a fun account like your. It's not for me. No, it's for it's for. events that we are going to together. Like if we're going Stop hitting the. table. If we're going home, I'll buy the. tickets and it'll be through that. account. So, then I'll just send him the. itinerary. He doesn't have to worry. about it type of thing. If you saw your high yield savings rate. drop down, you need to keep listening. The Fed just started cutting rates with. more expected to be on the way. Potentially even dropping all the way. back to zero. Even I got a notice from. my bank about the cut. So, if you see.

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to lock in over 5% rates only with Silo. at the link in the description below. Now, let's jump back into the episode. So, your still a personal assistant. Assistant. Yeah. Essentially. [snorts]. Okay. [sighs]. [gasps]. So, you owe $211 on the Swiss Dental. It's a 23.14% interest rate. So, it may. as well be a credit card. Yes. What's. the minimum? Um it's 78 or something. like that. It's like $80. I have. It was 750. So, we're almost done with.

the yearly. Mhm. It'll be paid off in January. Okay. That's when the last payment is. I deferred it one time. Why? Because I didn't have the money cuz. I was cuz of the unemployment. But Not. having an emergency fund is an. emergency. Why would you try to get. fired before having an emergency fund? I couldn't stay there. I if I could stay any longer, I would. have. I wouldn't have like ended up in. this situation, but I could not stay. there anymore. And you can't tell me.

It Yeah, I have too many NDAs and. things, but Okay. Oh, for. [laughter]. [sighs]. So, these federal student loans? Yes, I believe so. So, more student. loans. Yeah. Okay. Oh my gosh. Yeah, that 15,000 is the other Discover. one. Well, these interest rates are lower, but we still just have so much. So, student. What what. It's um These are income sensitive.

Uh yeah, so they're subsidized and. unsubsidized and then I also took the. Perkins loan. Oh, wait. Oh, sh. Yeah, it's you're not making any. payments cuz of the income. You know. what that's done to them though? Oh. yeah, they're interest is probably. insane. I'm sure. Well, even though the. interest rate's actually low at 2.74, they've gone from $15,000 to $17,161. cuz you're just doing nothing. And the. thing is it's being challenged in court. So, this kind of status could be thrown. out. Who knows? Or you know, a different. administration comes in and let's say.

the person overseeing the Department of. Education is just like, "You know what? That we're not doing these kind of loans. anymore." All of a sudden you owe more. This is. [sighs]. They're not bankruptable. This is it's. just so you're just putting yourself in. a riskier situation. And you don't. necessarily make bad money is the thing. either. So, you're just allowing. yourself to get for no reason. I am. [snorts] putting it towards the It would. be like a It would be like $175 is what. your payment would have been. We could. have done that for the traditional. 10-year pay off. I mean I think I would love to start.

paying on them. I'm just putting more of. it into the private just because of my. co-signer. Um No, you're not. You. lowered your Who's your co-signer? Uh. it's my mom's husband. You. Stepdad? Okay, so you. What? You Huh? We we don't call him that. [laughter]. cuz my my sister has her dad is. technically we call him the stepdad. Her. husband came in when I was like 17. So, he's the. of them. Okay, 200. But you lowered your student loan.

payment on the private side. So, what. you're saying is incorrect. But because. I lost my job, so I like. you're saying is incorrect cuz you've. had your job now for a bit. I'm I'm. trying to get there again. I'm trying to. like get back to to paying on all of it. But. But you know what me about all this and. what I just don't understand here. is we have all these situations and we. have relatively easy ways to get out of. this, but there's one thing you just. told our producer that just rubs me. in a concerned way. Okay.

You specifically said quote, "I hate. Dave Ramsey.". [gasps]. I do. Okay. I do. But his is so simple to get you out of. this. His little thing. So, why? I just I don't. Because that concerns me for this. I. don't like how he like comes after. people morally. I just think that like. he is kind of like a grimier person. Morally? Yeah, like his whole beans and. rice thing I think just doesn't work. Okay, you know he doesn't literally mean. beans and rice. It means don't go out to.

eat you dumb Yes, I know that. My mom is. obsessed with him and she needs If she's. obsessed. If she's obsessed, then she knows it's. not literally. Yes. So, we used to listen to him in the. car though. Like we would she would put. on that show and Dr. Laura and all of. that, right? And it's just. Okay, she's another like radio person, but like and they're just it's just him. like like yelling at people and like. yes, like. I know you get heated.

You get heated, but you don't get mad at. me for morally being a person or. whatever. Well, it depends. The one of him would. being like, "You shouldn't be living in. the house with this woman's daughter. blah blah blah." And I'm like, "What the. What does that have to do What the does. that have to do with his finances? Like. who are you?". so the social things. Yeah, like I'm just like, "Ew, you're. just like kind of grimier person.". talking about morals, well, morals are. subjective. I I don't care whatever. one's morals are as long as as long as. they're not like ruining someone else's. life. That's all I care about. But. My. think morally you should have to pay. back the debt that you signed when you.

were 18? Oh, I absolutely I do think. that I should have to pay that back. Okay, so I I think that future people. should have the the government ones. waived. I don't mind paying on mine. I. know some people people get like mad. about that. them without changing the process that. got them there in the first place. though? I agree with that, too. Okay, so. change the process before you do that, right? Yeah, change the structure of like. everything, absolutely. Then I'm. confused cuz see that's also what he. That's also what he says. I know, I just. don't like the way he says it, I think. Okay, so you just don't like his I just. don't like him. Like as a person, I. think I don't like him. Okay, but. budgeting is good.

It is, it's fine, it's chill. I don't. think that my mom's interpretation of. his beans and rice is very Well, she. might be stupid, I don't know. Like she. Yeah, but I I understand like not eating. out. Like that is a reasonable request, right? But The next The only time you. see the inside of a restaurant is if. you're working there. That's what he That's a pretty That's a. pretty good one. No, it's not. [laughter]. Come on. entertaining. Well, yes, it's. Um [snorts] yeah, I just.

But that's even even whenever I was. working at fast food restaurants, you. end up spending a lot of money whenever. you work at those places, too. Well, if you're if you're undisciplined, sure. Okay, I mean, if that's why if if it's. not about the the pay off the debt. thing, then I don't really care. Cuz. that's what concerned me was reading It. was hearing that you said that is. like how are you going to get out of. debt if you're not willing to follow. pretty damn basic. debt pay off advice? I think I can. I just don't think I. could take it from that man.

Okay. Like I don't think that's the. source that I can get my advice from cuz. I'm just going to be like. You know? Like I think who the comments. are from matters, Yeah, I get that, but that's also just. sounds so like. almost a little virtue signally in. certain ways cuz it's like there's. people that I don't agree with on. everything, but that doesn't mean that. their good advice also isn't good. Like it's it's bad It's it gets really. weird as a society and very Twitter.

brained if you don't like one thing. about someone means that we immediately. dismiss their entire existence. Like. that is so Twitter brained. I think that. it's reasonable to say because this. person has views that I do not agree. with, I am going to go in questioning. the Questioning's fine, but you said I. hate Dave Ramsey. I I did say that. It was a little It It. might have been a little intense. I. think maybe hate is not the right word. I think. I dislike Dave Ramsey. I don't like his.

influence on people of a certain age, maybe. Well, but ha- hasn't he helped. like. upwards of hundreds of thousands of. people pay off debt? I'm sure he's. talked to a lot of people. I don't know. the stats on how many people he's. actually helped. Well, in terms of the. people that have listened. Oh, yeah. You. just don't like the social aspect, his. social views. Yeah, I just don't I don't. think I I like his social view. I don't. know. He's a bit old school. Yeah, he's a. little too old school for me. it's just like.

I don't know. I just I just don't like. the idea It's It's a very new school. that is just like if I disagree with a. certain ideology from someone, then. everything they say is wrong. And that. is just so counterproductive as a. culture. It's so immature. It's an. immature worldview. I agree. I think. it's more I don't like the things this. person has to say, therefore I'm not. listening to them, therefore I'm not. like I'm not getting into that. nitty-gritty the way that you know him, right? I'm only listening to the radio. show, hearing him yell at people and me. being like woah, this guy sucks. And.

then my mom just repeating it back at me. like forever while I was living with. her, you know? So then it just. perpetuates this thing in my head where. I'm like, oh, this guy. All right. Well, I don't care enough. Uh. checking account. Mhm. S- 470 ending balance. Okay. Yeah, $0? Was it $0? Yeah, a little. Was it Was it. Stupid little stupid. It. probably was like less than $5. That's.

not even what I'm looking at. Oh. Every. single second of your. life is spent on bull-. bull-. And you come in here and you try to say. that you're trying. You come in here and. you're questioning why you weren't able. to make a payment. You come in here and. you say you had to lower payment because. you don't have enough money. You come in. here and say that the world's is against. you and all this stuff. Doesn't make. sense. All of this is bull- Going to the. botanical garden, Amazon, Chinese take. out, Amazon, Chick-fil-A, UberEATS, Target. You have your brother's car use.

it. The Target's rarely ever groceries. we find on this show. JW Marriott, so. CBD, Great Apple Bill, Chick-fil-A, Chick-fil-A, Netflix, Las Gatos? That. might be like my name on it. Is that your name? Uh I don't know. No. Is your name Las Gatos? No. Oh, then. what Okay. know what that means. Then what What the are you even saying? Chick-fil-A, Thunder Chef, HomeGoods, [gasps].

Chick-fil-A, Fireball Cafe, Prime Video, going in and getting some bull- Hulu I. don't care cuz you still paid the other. half. Dispensary, wonderful, PlayStation. Network, Chick-fil-A, Venmoing out $39. Venmoing out $25, Venmoing out $50. Where's all that going? So my friend. paid for my ticket to go home. Great. because she wanted to me to come, so I'm. Teleport, Uber, Chick-fil-A, Uber,

In-N-Out, going in and getting some BS, Barley Bean, Spotify can listen to ads. if we literally can't pay our monthly. payments, I promise. Torchy's, Uber, More Dispensary, getting our nails did. They're just normal black nails. What. are we paying for? Come on. This was for a wedding. Shake Shack, American Eagle. It's all stupid bull-.

Almost all of it. The necessity bills in. here are rare and far between. I don't think I have that many. It's all necessity bills? Yeah. Then. you're really a. child cuz it's all bull- Look! It's all. [ __ ] highlighted bull- Guys! Well, if I just stop eating out, I'll be. totally fine. And all that extra bull-. Well, All that extra bull- PlayStation. Network, Prime Video, Netflix, all the. extra crap, the Spotify and the Venmoing.

out and all this stuff, dude. friend's paying me back for the Prime. That's supposed to be on her. Fully. fully fully fully Wait, Prime Prime. Prime Video? Mhm, Prime Video and. Okay, get rid of that sh- the other one. No, it's hers. Good. It was accidentally on my card. Well, stop. How long? Like 3 months. But. she's paying me back for all of it. She. better be. She damn better be. So. Your spending's out of control. It was $750 on bull- at least, right? If.

I'm not mistaken. Going out to eat, 250. Unknown shopping, that's Target and. Amazon. We don't know what that was, 88. bucks. Subscriptions, 29. Miscellaneous bull-. This was the gardens, the dispensary, Apple stuff, HomeGoods, Prime Video, PlayStation Network. Apple's the F1TV subscription. Huh? Stop. then. Nails and American Eagle, that's. all $428. And then other large purchases, that's. Venmoing out 75 and hotels of 43. Come on!

It's just stupid. I don't get it. Why? You have an extra $750 left a month. Let's take a hundred away, put it. towards the 200 you did for groceries, so $300 for groceries. That would give. you an extra $600. Like I don't even. have to do the budget. You have an extra. $600 left to go towards debt. But that's. before we're adding in the the student. loans coming back, right? Because once. we do that, that's that's zeroed out. What does it go to again? Um I was. paying it was I was putting $350 on one. and $150 on the other for my student.

loans. That isn't zero. So you're saying it goes from 220 to. 500? Mhm. Okay, so you're. saying that equals 600? I thought I. thought it was 600. You think the difference between 220 and. 500 is $600? No, no. I thought that I forgot that. they're charging me the the full amount. for one of those student loans. I don't. Even still, okay. So two So okay, okay, okay. What does that bring us down to? What does that bring us down to? Let's. do some basics. $350 you would have left.

over. If you cut out the miscellaneous bull-. and you eat out only and even if you. still did the hotel and the Venmoing, it's still included. You probably have. an extra $400. $400. $400. It's so easy. I mean, that's re- I thought I was going. to have less money than that. Let's see, what's your rent? What's your. rent? What's your rent? It's uh 1040. What's your utilities? Um my water's. metered, so usually all of that comes.

out to 110 plus like the pet rent and. like all of the amenities and stuff. What's your utilities? Total. And the. Come on. Including internet, what do we got? Including internet? Okay, very good. Gas. room from drive drive. I assume you take. care of that. Yes, I do. How much? Um maybe like. [clears throat] 50. care of car insurance, I'll do 75. Okay. Yep, your brother spoils you. Total debt. Let's do it after the payment goes up,

huh? Just to. see. So we'll call the total debt 718. Course it's $250 less right now, two 270. less, Mhm. but we'll call it 718. Good. TP funny, anything else you need to. survive. This is $100. Um. Okay, necessary food, $300 following. meal pla- meal prep in our debt program. Not our debt program, our budgeting. program. And tweak it to your needs. month? Yes, $250 is enough for a month. We've done it. We've done it. We've.

proven it. The HEB. You just meal prep. It's called meal. prep. You have pets you said? How much. for pet food? Um. Um I mean total for like her litter and. everything maybe like 50 bucks a month. Okay, do you have pet insurance? Uh I do. not. Get it. $30. Okay. Anything else? How co-pays medical? What? What do we got? Um yes. Uh well, my premium's taken out. So, that's included cuz it's what. through my work. So, Yes. Co-pays anything? Um yeah, I do have a co-pay. My my.

doctor's appointments a month kind of. vary. I would estimate two. 100? No, no, no. Two appointments so for $80. Okay. How much for the dispensary? Just medically necessary. 150. Taking 50 of that from the TP fund. You're going to have 50 left for the TP. fund and then I'm giving you 100 in. there. So, it's an extra 100. What's a. TP. Okay. Anything else you need to survive? Nails, makeup, whatever. Uh yeah, I.

would say. I mean I. you 50. Oh, okay. Oh, that's how much it. cost to get the nails. There you go. Yeah, it's just about what we thought, right? 3,040 comes in, 2,618 to survive. 422 left. It's over what I said. Cuz you did all that extra [ __ ]. too. You're kidding me. This is. Okay, go. You need to work as What? I. know. I was just going to say like I'm I.

I like have Mint Mobile and all the. different stuff like trying to make sure. that all those costs are low. Well, you. Oh, what is your phone bill? Sorry, I. didn't have that. Um I paid like 300 for the year. So, nothing. So, [sighs]. the Discover card would take 13 months. to pay off. So, if that is true, then. that means this whole process the. federal student loans I had to get on a. regular payment plan when you're ready. for that. 211 for the Affirm, 5516 for the.

Discover. I mean, it's still going to. take too long to pay off for my comfort. Yeah, 85 months because that uh private. student loan is so ridiculous. Which is 7 years. So, that's. unacceptable. What I need you to do is. go bring in an extra $1,000 a month. Thousand? Okay. Yeah, you can go bring in an extra. $1,000. I promise you can. In Austin, I. promise you can. Work around your. health, huh? I I don't know. Okay. I. Listen, it's all Everything's always. easier said than done, but I know for a. fact you can go find an extra $1,000 a.

month post-tax here in Austin. I know. for a fact. Go work at Summer Moon, okay? But that's the thing. I can't do. those things. Like I've worked in a. coffee shop before. I can't get. Too heavy? down to those levels. I can't The up and. down is so. Up and down? Yes, because like they. store everything below the counter, right? So, you need to work within your. means. Yes. You might have to do call. center, sit down [ __ ]. administrative. Maybe even it's like 10. bucks an hour, okay? Which is low for. Austin. But maybe that's what you just. have to cater to in order to get it. But.

go. You need to You need to bring in a. Or do you want to pay debt for 8 years? Well, having no fun. Yeah. No, uh everything but your federal. student loans. That's your private. student loans, your Discover card, and. your Affirm. I mean, that's I've That. That's long. Yeah. Yes. I don't know if that's too. for no one to have no paid for fun. You. won't be able to sustain that. That's. impossible. You know, that's fair. Okay, cuz yeah, I. guess we're not giving me like any. entertainment or anything. Just that. $50, right? Mhm. Yeah.

Which is usually just life. stuff. But go bring in an extra thousand. So, a. thousand four 22 month goes for it. That. takes 25 months. We just went from 8. years. Oh my god, Julie. to 2 years. Come on. In 2 years you can 100% do. You'll be. 28. You're still younger than me at that. point, okay? So, you can do that. Call it another uh. quarter three quarters of a year to get. a fully funded emergency fund. So, let's. call it 3 years to be conservative. Then. boom, your base level you have a fully. funded emergency fund so you don't give.

next time that you don't have a job. You. have a fully funded emergency fund. You. do have no bad debt. And you start. maxing out those retirements. But first. you have to just stop being a child and. you've been a child through a lot of. this conversation. And uh you just can't. do that. It's as simple as you just. can't do that. And I'm excited to have. you on the follow-up channel and see. where you go from there. But this is uh. You You. Follow the budget. Go through the. education so you know how to do all. that. Go get an extra job bringing in an extra. 500 to 1,000. I recommend 1,000. Call it.

a 3-year thing. Your life gets to basic. and then you can start contributing 25. or 20% to retirement, 30% towards fun, and 50% on needs, which you can do in. your current situation even still right. now. So, this is pretty chill. You just have to. go get that extra money. Once you have. the fully funded emergency fund, you can. you can stop that extra job even if. you're making what you're making now, which your income will go up. But even. if you are, you can even still stop it. and live 50 50 30 20. So, okay. Hammer financial score. Stick. around for the post show. Some of the. stuff that we weren't able to talk about.

and some extra drama and things that we. don't know. The producers are going to. come in. They're going to bring it up. Make sure you subscribe to the. membership below. Helps out this channel. a lot. Spending in a budget. You broke even. Money actually wasn't spent on debt. But more money should have gone towards. debt. You spent $750 on bull minimum. It. was closer to like 850. Um I'll do three out of 10 there. Debt. Not paying your taxes. Zero out of 10.

Yeah, include that and it's $1,000. So, the first month will cover that. Emergency [snorts]. fund. Nothing in savings. Zero out of 10. Retirement. Is there anything? Um I. think that my old company liquidated it. So, like when I left cuz They They. wouldn't No, no. They wouldn't liquidate. it. It's just sitting. They sent me a check. Yeah, for you to transfer it. Or did you. liquidate it? No, I didn't I didn't do. anything with the check. Uh.

Take a look. I don't know. Well, how. much? Uh it was like a 1,200 or. something like that. One out of 10. You're very behind on retirement. Real. estate zero out of 10. Oh. We're supposed to own real estate? That feels like a stretch. At some. point, not now. Hammer financial score. isn't for where you're supposed to be. for your age. It's where you're supposed. to be. Where you're trying to get to. It's about the journey. something? Like I don't know anything. have to, but You don't have to, but it's. healthy for a good overall financial. situation. You don't have to. But it is good for it. Is that because of how they make it?

Huh? What? Who make what? Like the the way that like the whole. institution is set up. Is that why it's. good to [music] It's good to go into. retirement without having to pay for the. roof over your head other than property. taxes and insurance. It's also a good. way to utilize Let's say you put down. $20,000. Well, all of a sudden you're. getting. uh $400,000, let's say, of the house's. worth. That $400,000 is accruing the. gain in the marketplace even though you. only spent 20. Going down. It's a good.

That's a separate conversation. We'll. save that for the follow-up. You're not. there yet. Hammer financial score. rounded up one out of 10. Check out all of our education. It's all. bundled together right now for 25% off. and that's limited. So, make sure you. guys check that out. Now, stick around. for the post show. It's going to be fun. How big's that Actually, we did measure. it one time. get? Like 6 and 1/2 or more. Oh, that's. So, like not not like but like we're not. trying to 6 and 1/2 is giant. [laughter]. You do not have a 6 and 1/2 inch Don't. Don't even look at me like that. Wait,

are you being serious? Yes. Can we get a rule measuring tape out. here? Yeah, yeah. Yeah, yeah. To watch. the financial audit post show, click the. join button below. guys. I get it. You need more financial. audit. So, we've decided now in our. membership below, you get two exclusive. see nowhere else uncensored financial. audits every month. Again, 384 came in. from your job. How much do you think you. spent? [music] How much did I make? 384. You don't think you overspent? Oh, I probably I guess I did. Yeah.

Seven, maybe. I don't know. Also, three post shows a week for every. financial audit you're seeing right here. on YouTube. In the post show, we have an. extra 20 minutes for every single. episode where we go into more drama. We. can't find you on Facebook. Did you. block me on Facebook? No. No way. You. can join Hammer Pro where you get every. financial audit post show for every. episode. Priority replies to comments, custom loyalty badges, and special. channel emojis for the comment section. And then there's Hammer Elite if you're. wanting more. And that comes with.

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But wonderful human. Guys. She's just not getting. Wonderful wonderful human. I do love. her. She is a wonderful person. I like. like her. I know she like she is a great. person. Here's the thing. Great person. [laughter]. Like wonderful wonderful human. But she's just so into me. And she. always wants to hang out. Oh, wait a minute. Wait a minute. Random but frequent private streams with. me throughout every week. Monthly member.

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