Financial Audit’s Most Vile Guest | Financial Audit

We are in a payday loan or prison cycle. for you and that is terrifying. PI resisting arrest and then harassment. [music] of a peace officer. You fought aing police officer. I did not fight a cop. I was trying not. to go to jail. What happened? I got in a physical altercation with a. gentleman. What did you do to him? I was the instigator and he ran for me. and I chased him. It wasn't him. fighting. He was just in defense. All of our education is bundled together. for 15% off with a 30-day money back. guarantee. and go to. calebhammer.com/bundle.

or click the link in the description or. pin comment below. Hi, I'm Damon. I'm 28 years old. I'm. from Austin, [music] Texas. And this is. the financial audit. The Financial Audit. He's on the. Financial Audit. What do you do in. Austin for a living? I am a tattoo artist. Things are currently making sense that I. get that. Yep, that checks. How much. money you making on the tattoo life? It It's kind of fickle right now. It's. back and forth. Um, right now I'm not. making a whole lot. We're going through.

kind of a slow period. You didn't tattoo the pedto stash on. you, did you? No, that's natural. That one's all natural. Okay. That's all me. Okay. What do you think. you're making just on a monthly basis? Anywhere from 1,200 to 2500 bucks. currently. That's a big range for it's not a huge. monetary range, but the thing is 1,200 a. month, I don't know how anyone live in. Austin or really anywhere on that. And. then 24, it's hard. So it's not like, you know, 30,000 to 50,000 is a huge.

number difference. But lifestyle, it's. going to be relatively similar. 1,200 to. 2500's huge. What do you do in the. 1,200? What do you Sorry, I don't want. to get too excited too early. What do. you do in the $1,200 months? This is not. a cheap town. And I know you work in. like the most urban part. I don't know. if you live in that part, but if you do, it'd be very expensive. So, uh I don't do anything when I don't make. money. I I sit at home. Yeah, but you live, you eat, you.

utility, you transport, you exist. Like. pretty much all my money goes to like. getting back to the shop essentially cuz. I live like 45 minutes away. Really? Well, that might be the only way. you can afford the roof over your head, I'll be honest. Unfortunately, what [snorts] do you mean getting back. and forth? So, what are are you busing? Are we Ubering? What what what does that. mean? I'm traveling, but I spend a lot of time. on 35 like sitting in traffic. So, I. burned through grass like crazy. Also, you did just blow my producer.

minds cuz. your income is not lining up with the. numbers we had. the number we had for. income coming in. Maybe it was just a. really good month, but we took that, we. projected it by 12. We're like, "This. dude makes some solid income here." We. were a little confused by the situation. Why is this substantially higher in. terms of what came in uh Christmas. Tattoos? Like, is that the the play? No, I have like a side job as well where. I make extra money from that. Oh, what's your other job? Uh, I do like custom metal fabrication. Build like motorcycles. You build motorcycles? What do you make.

with this job? Um, about $300 a week. I still it still line. No, that doesn't. line up at all. You were dramatically. behind what came in. No, no, no, no, no, no. Let's say 2500 on your high end plus. that 1,200 from the other job, buddy. You're you're towards. you're basically at a half what actually. came in through your square.

Here's what happens. Deposit. The square deposit. I get paid a. percentage at the tattoo shop and I run. all my transactions like on my own. So. the income that comes in through Square, not all of it is me keeping it. I'm only. keeping 60% of all of the Square. transactions. But did it not hit his account? I guess. we'll have to see. Did it not hit your. account? It went into your checking account. J. But I pay out the shop. Then you have to pay the shop. Yes. It's a horrible business model, is it. not? I mean, most shops operate that way. Unless I was paying food somewhere. Yeah. The shop doesn't take the money.

and then cut you the commission. You. take the money and cut the shop. I. have to make sure I manage it correctly. throughout the week, which. Yeah, cuz again, horrible business. model. Why the would anyone. Why would I trust you as the shop? Doesn't make sense. Okay, so 7,000 came. in, but you're saying you gave back. anywhere from 5,500 to 6,5,500. 4,500. Yeah. 40% of of all of the Square.

transactions go right back to the. No, but then your math still isn't. working. If $7,000 No, no, no, no, no, no, no, no. There's no way. Well, yeah. $7,000 in square. So, $7,000 in. square and 40% goes back. That means. you're only giving back $2,800. Where's. the rest? There was a Square loan added to my. account as well. Okay. That was like $4,900. that I'm currently paying back as well.

I mean, then this is substantially more. than any of us thought going into this. I mean, they're even whispering about it. right now. You just blew their mind. They We had no idea cuz the way that it. looked when it came in was this dude. makes money. This dude's living. This. dude can get out of this like that. Why. even film this episode? He can figure it. out. This guy makes money. [snorts]. What are you taking a square loan for? Are you getting new needles, new ink?

Uh, no. I had to like catch up on. payments. I was behind on my truck. payment like 3 months. Okay. What is going on? Please give us some context. Currently, I'm going to need a lot more context. than that cuz uh we're flying a little. blind with what you got. I have I guess. a lot of like nuisance spending. I spend. a lot of money at gas stations. You just you just told me you only No.

Why lead us down the wrong path? I don't know. I'm ashamed. There's a lot. of bad spending on there that like does. not make me feel good about myself. Wouldn't you just tell me that fact then. instead of trying to lie out of the. gate? Uh what? It it was just easier. I totally forgot. that you had access to all of these. things and that was much to the. for you're not literally stupid. What? Why' you bull me at the beginning? How. about that? That's what I want to hear. I It was just like one of those things, you know? I didn't want to I didn't want. to jump straight into the hellfire.

But how can I trust anything you say for. the rest of this conversation? How can. the audience trust? How can how can the. producers trust? If you tell me one. thing, I'm not going to [clears throat]. know. Cuz you're spending to us. You're. spending. We had total income of that. 7,044, which we know to be incorrect now. And. we had 7,600 going out. It was. relatively close for many people on this. show who were what's going out is.

usually like double or even three times. on extreme cases. Yours was a little. over. I was like, "Okay, let's make this. dude a budget. Let's figure this out.". But our income situation is dramatically. different than we thought. Okay. So, you. gave me 1,200 1,200 to 2500. What is a. monthly average? Cuz that again, that. range is just too substantial. What's. 2,000? 2,000 about would be like the the. closest average. Why do you make so little? Um, it's just a bad time of the year. right now.

So, the tattoo shop is like considerably. slower than it would be, let's say. I asked monthly average. So, you're. giving your monthly average for right. now. Monthly average. When's the good time? during the summer. And then what's your monthly average. then? 4,000 to4,500 bucks. Okay. So I don't Okay. And and what do. you count as the summer? The literal. three months of summer or. um pretty much anytime from like. February to. Yeah. February. My favorite summer. month. What the are you talking about? It's like when the kids are back in. school like after they get back from.

like winter break and stuff like that. All the college kids they like funnel. But they come down [clears throat] toing. party street and. they do and I t that's like most of my. my drunk. Not always. There's like a. fine line. So, I'm gonna put you at. What's your rent? 400 bucks. I don't have to pay a whole. lot. Oh, there you go. That's how you're. surviving. That's how you're surviving. Then why are we falling behind in.

payments? You just said you had to borrow a loan. because you're falling behind in certain. payments. If our rent is $400 and yes, we make a little lower income for the. area, but okay, you can find a side. hustle with it. That's a good start. Why. are we falling behind on our payments. when our cost of our our cost of living. our living expenses are so minimal? Um, the last few months I had like to. pay for some legal fees. I had to like. hire a pretty expensive lawyer. Okay. Okay. Okay. Sure. What What happened?

Um, I got into some trouble downtown. I. got myself into a situation and I had to. to hire a lawyer to help me out. A good. one. What? What? What? What guy? What? What. happened? Uh, I was out drinking. I got in a. physical altercation with a gentleman. And. you win or lose? I won, but it put me in jail, so I guess. I'm the real loser. You What did you do to him? GRAB HIS DICK AND TWIST IT. WE JUST got in a fight. Uh-huh. Why were you the one jailed? Uh, because I was the instigator. What? Okay, you're being very vague.

about this. Why did you fight him? I was at a comedy club with a girl that. I was seeing and she took me there um. specifically to like embarrass this guy. or like make him upset and it definitely. made. he was in the crowd. Uh he was like the manager of the place. and it embarrassed him that you were. there. Yeah, cuz he was jealous. He's he's her ex. Yeah. Very toxic of her. Okay. I Yeah, I had no idea. It caused quite a. The girl out there. No, not that girl. How about you go through girls? Okay,

good for you. Maybe. I think. I don't. know. Okay. And then he got a little. upset and you were like. And you pushed him? Yes. And then it started off inside the. place and then he ran for me and I. chased him. How how how far did it go? Outside into the street. No. No. That distance the fight. [clears throat]. theing fight. Um it it was a lot of him trying to. defend himself hand. So So it was just you. It was just you.

It wasn't him fighting. He was just in. defense. He started to fight back. I don't know. When he had no other choice, by the way, then why'd you do it? It was I was drinking. I don't drink. How much drinking? A lot. Why? Why? Like, why would you go? Okay. Why would you put yourself in this. situation then? If you were in an. uncontrolled, [snorts]. you get violent when you get drunk. I do. That's why I don't drink. So, you fought the dude. You got. arrested. You went to jail. Now, you had. to hire a lawyer. Yeah. What is the legal blah blah blah?

Because that's the big question because. obviously if that put you behind on. payments for things. What what happened? What was the legal fees? What was the. lawyer for? What did you do? It was um PI resisting arrest and then. harassment of a peace officer. So it was. like three different charges. Okay. So you fought aing police officer. I did not fight a cop. I resisted. arrest. I was trying not to go to jail. It was in a drug. Can you just tell me.

what the happened? Yeah. What happened? I fought this guy. I chased him outside. of the place. Um the cops got involved. I was not trying to get put into the. back of a cop car. And. so you did what? I tried to like get get away from him. Okay. And um I guess in the process um. I don't remember every detail. Well, I. mean, at least it doesn't hurt your. income situation because I wouldn't. trust getting a tattoo unless the person. was a convicted felon. Now, you hired.

the lawyer and Okay, so those are formal. charges. Mhm. Where are we now? Um, I'm current one of them was. dismissed. I'm currently providing the. other two. The uh public intoxication. That one was dismissed. Weren't you. publicly intoxicated? I was. I got a good lawyer, [music]. which is why the expense was so high. How do you Okay, how much did you spend? Uh $16,000 is what he's charging me. Oh, buddy. For your income? That's. crazy. But I get it. I get it. You're.

trying to save yourself from legal. Um. Um. Okay. And how much have you given him so. far? [music]. $4,500 bucks. $5,000.

When is the rest owed? Um, I owe him actually currently I owe. him another $400. Well, here's the debt. How much? I owe him $400 for this monthly payment. and then on the 26th. So, he has you on a monthly payment? Yeah. A monthly payment for the full 12. No. Um, two different payments of $400. each. One on the 1st and then another one on. the 26th. But then after the 26th, the first come. so quick, right? So $800 a month until the full 12 is.

paid off. Yeah, but you already put five towards the 12. Yes, it was 16, not 12. 11,000. Oh. Okay. I didn't even know this. Ah. Okay, dude. This is [ __ ] crazy, man. Well, you're a unique one. If that makes. you feel special or good. Did I click something I wasn't supposed. to? I don't know. I looked over there. thinking you were lighting a joint, so. I'm glad it wasn't. pipe or something like I don't know what. you do. Do you do. I don't. Okay,

I promise. Are you sure? I swear. Okay. $11,000. I don't want I'm judging. you a little. No, it's okay. Lawyer, $11,000 and it's $800 a month. [gasps]. So on your loan months, which is right. now according to you, $1,200 comes in. Then $400 of rent. That's that's it. That's it. Yeah. That's all your money. That's why I ended up getting so far. behind and had to start taking out loans. to pay off things. Oh, so now we're in a cycle. But you're. not even close cuz how [snorts].

what was your idea and your plan to pay. off this 11 this well actually just $800. a month? What was your plan going. forward? Or we're borrowing for the next. year essentially. Yeah, I had no plan. My initial plan was. just to give him the money up front to. be able to get him on my team. What happens if you don't pay him? Well, how would you have done? Okay, sorry. Go. ahead. And then just figure it out after that. point. It was just a winged a hailmary. How are you going to give him all that. money up front? How? Yeah, I sold a couple of things. Then why didn't you give him all the. money up front?

Cuz I didn't have all the money up. front. I had just enough for the. original down payment. Down payment? What happens if you don't? I don't think a lawyer is the person I. especially a good lawyer is the person. I'm trying to [ __ ] over. [gasps] How do. you even find a lawyer? Cool. Okay. Yeah. So, what happens if you don't pay? Cuz. you were behind on the other payments. But what if your debt get such a. situation where you're not getting. qualified for these debts anymore? Well, you'll probably go to a payday. But even. if you don't get payday, then all of a. sudden you can't make the payments. towards him and you have to choose. between truck and repo and paying him. What happens if you can't pay lawyer?

I lose representation. Well, we expect these cases to go. So, it's Oh, okay. So, you probably had a. $16,000 retainer, right? Okay. When does he expect that $16,000. retainer to cover through hours-wise? Um, I'd have to look at our agreement, our written agreement, cuz I'm not. completely. No. No. Well, I don't know if that I. don't know if his expectations in the. win written agreement. I mean, you. probably have an how many? You probably. have the cost per hour. Yes. And then. when you finish a retainer, you have to.

fill it back up again. But. when does he expect. that. retainer to need to be filled again? Do. you know? Because what could happen is. that all of a sudden you get this debt. down to $8,000 and all of a sudden. $16,000 could get added to it. Or else. you lose representation again. Because you're not just paying for the. time that's happening right now. You're. paying for the you're paying a minimum. payment for the retainer of the time. that's already happening now. But the. moment that time's done, regardless of.

if that past one's paid off, he'll need. to refill that retainer again. And that. could get added to the debt. This could. go to 20,000. This could go to 30,000. I. didn't know that. Well, I'm assuming, this is my. assumption. I'm not 100% sure. I wasn't. there, but that's generally how lawyers. work. I have many lawyers that work for. me. I mean, this that's how it works. Yeah. I mean, I I don't remember. everything that we had like discussed. This happened in back in October. That's. when I hired him. I would have to go back in and look at. our paperwork.

October and only one of the three is dis. uh finished so far. Where where are we. in the progress of all the other ones? Dude, this is wild. They've been uh they've been pushed. back. Um each court date that I have. been like given to me gets pushed back. like a month every time a new one is. issued. Um so right now I'm just waiting. Oh, what do you mean new one gets. issued? They'll they'll give you a court date. and then my lawyer will kind of go in on. that date and discuss what's going to. happen and then they'll just push it. back. county is like really backed up. with cases. But that's is more hours for you build. I mean, your retainer is going to.

[snorts]. probably have to get reuped before this. thing concludes. He told me it'd probably be a year. before we even went to court for the. next two charges. But he doesn't know how long until his. hours. How do you communicate with him? Email. Is he fast? Kind of. It's like a 48 hour response. If you emailed him now, we wouldn't hear. by the end of this episode. Probably not. Okay. I could try it. You can try it. Ask them where you are, how how many. hours your $16,000 covers, and where you.

are in those hours. Okay. Build. Can Yeah. Can you shoot. that email real quick? This is so. curious because this this could be a. neverending cycle of debt. And we that's. going to determine the whole strategy. behind everything we talk about here. And your income situation right now is. terrifying. How much did you say comes. in from the car stuff that you do, the. bike stuff? $300 a week. But that's self-employed, right? Yeah. You set any money aside for taxes? No. financial a bingo. Here we go. Four. years. All right. So, we need a tax lawyer now. and a CPA and good.

[snorts]. You know, the crazy thing is the IRS. knows it. They just haven't done. anything. Yeah. I haven't got anything from them. yet. Yeah. You're on the you're low on the. priority list. 4 years. Any taxes? So, you haven't. filed taxes in 4 years? Not since 2020. So, I guess. why? I've been scared to like know how much. money I had. Yeah. What about the first year when you. just didn't do it? It was just accumulative. I did it the. first two years because I was lazy and.

then the third year came around. and I didn't want to like see how much I. actually owed them. So, I just avoided. it and I've been avoiding it ever since. And when they garnish your income, which. it comes to square, well, I mean, they. can probably do anything. They're soing. powerful. I don't know how it happens. I. know it's much easier through W2. How How are you paid with the bike. stuff? How are you paid through the bike. stuff? Cash. Yeah. Okay. So, that's.

honestly, you're probably not even. claiming that. So, they probably don't. even recognize that part of your income, honestly, cuz there's no way you're. reporting. You're not even filing your. taxes. 2020 was your last or you. haven't? I'm sorry. 20 2020 was your. last or 19 was last? 2020 was my last. And I did it so I. could get uh unemployment benefits. Of course you did. Okay. So there's your. first debt. $11,000 $800 a month. However, what be first? Why did he set. up that payment structure to be first of. the month and end of the month? Cuz then. the first of the month comes so quick. Why is it not like 115 115 115 over and.

over again? I have no idea. But it it screws me. every time it happens. Yeah, it's like really close together. Have you ever missed one? Uh, this past one. Um, but I'm waiting. until Friday. I'm going to pay him. What was the last one on the first? Yeah. Wait, no, we're past the first. Yes, that's the one you missed. Yeah. You've been past due for over a week, right? Well, yeah. We're not going to hear back. from him by the end of this episode. I talked to him 2 days ago.

And. he seemed positive. Did he know you owed him? I told him I would pay him on Friday. and he said. he said, "Okay." Oh, I. I've seen people come on with payday. loans. You know, based on this. conversation that that is where you're. headed. What is a payday loan? Never mind. It's nothing. It doesn't. exist. Okay. Is it like the I use like uh cash. advance apps as well. Okay. It's the worst versions of those.

You're doing that right now? Yes. I'm. not surprised. See, this is what scares. me. Okay. A payday loan place. I'm going. to tell you the bads so you know not to. do it. But essentially it's a place you. walk into and you're like, "Hey, I want. to get railed in the ass today.". Hey yo, what the [ __ ]. And then they do with a like multi,000%. interest rate on a loan. And it's like, you know, almost sometimes weekly. payments, bi-weekly payments, and it's. it balloons. It's crazy. You borrow like. a,000 bucks, you pay back like 5,000.

bucks over a course of a month. This is. that instant. This is the most predatory. [ __ ] But when you're desperate for. money and no one else will lend to you, that's where people go before they go to. aing lone shark. Luckily, we haven't had. anyone with a lone shark. I could see. you going that direction. I don't have one yet. Yeah, it's don't yet. Let's not yet. You didn't know about those places? No. Really? Yeah. Don't take it, man. But this. unfortunately that is where you're. headed, though, where you're not paying. your lawyer and all you're going to lose. a legal thing. Then you're going to wind. up in jail or owe fines or whatever it.

might be. What class felony are these. things if any? It's a I [snorts] think a. class it's third degree. So it's a lower. on the scale. Class three does not exist. Oh, yeah. Third degree felony. Two to 10 years in. Texas state prisons. It's like the worst. prisons in the country. No air. conditioning. It gets to 110° in the. summer.

That's where you're headed. So again, I. just want to Can I whiteboard this? I I. need to visualize this. This is crazy. I. Okay. Jail. Not jail. Prison really, but jail we'll. call it because the shorter word. Jail. Mhm. Is. this in the screen? Here you guys go.

Okay. jail. But in order to avoid jail, we are. a lawyer. Okay. So far, [snorts] right? Right. So, if you to So, how this is going to. work is if you fail this one, you get. this one. Mhm. Okay. But in order to do lawyer. right now, you're. borrowing.

and all of a sudden you fail to borrow, you fail to pay lawyer, you end up in. jail, but you're probably reaching the. end of anyone who will give you any. money. So that comes to pay day and this. is why I think you're ending up there. unfortunately because again in the most. extreme situation, we do not want to end up here. You don't. want to end up here. No one wants to end. up there. So I get it. You did some. crazy [ __ ] But you have to hit this in.

order to get that. But in order to get. that, you have to do this. And now. you're about to fail this, which leads. to this. That scares me. So you're facing a. situation where it's almost like payday. loan or prison. Yeah, pretty much. We are in a payday loan or prison cycle. for you. And that ising terrifying. Oh, it's scary, dude. Scary. Then what is your plan? I would. love to know. Oh, sorry. That wasn't. meant to. [music]. What was your plan? What was your plan?

You you thought you're coming on here. hopefully to get a plan, but you've. thought You've thought about this. You've obviously thought about this. How. did you think this was going to. transpire over this next year? What was. your idea, your plan, your concept, your. anything? I was just hoping that I could wing it. through slow season and then get to busy. season and then use my income from that. time to like pay back. busy season. Summer and February. Yes, summer and February. Okay. So, are you serious? It actually. doubles next month. Yeah. As soon as people start getting. their income tax money, my income.

skyrockets. Income tax money? You're talking about a. tax return? Yeah. 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.com or click the link in. the description below. You will not. regret this. So right now we're trying. to avoid jail for those crimes and. hopefully we avoid. Yeah. intox examples of third degree to. felonies in Texas. Uh intoxication. assaults assault of a public servant. The two that you're still charged with.

All right, let's start going through. these these documents here cuz something. tells me all of a sudden there's more. hidden loans than I thought cuz there. wasn't that much debt. But now we know. this $11,000 debt is going to go to 20. to 30 to 40 cuz you are not willing to. go to jail. And in order to borrow us. for those things like on the little. thing we just did, you're going to take. out pay. Okay. Um I want to know where. you assess your finances. 0 to 10. Zero. being the absolute worst, 10 being the. absolute best. Where do you think you.

are today? I'm like a two. Okay. Honestly, maybe. I I don't know. This is going to be such a discovery. thing. I'm basically a lawyer going. through discovery right now with. apparently. the unknowns of you. If you guys want. your hammer financial score, it's free. Link in the description below. See where. you are in this world. And if you want. to come on the show, you can come down. here, hang out with us in Austin, Texas. I'll beat you up a bit. It'll be a fun. time, but you'll spend the day. Lindsay,

Jake, myself. It's a good time. You. having a good time? I'm having a great time. I know you're from Austin, but thanks. for coming in. Uh uh thanks for going. through all the onboarding videos and. all that stuff. We make your guys' lives. easy. So go to calebhammer.com/apply. We'd be happy to have you on the show. It's a good time. [sighs]. Especially if you're apparently going to. go to prison cuz that's crazy. Fingers crossed. Bet you don't. Yeah. Right. All right. Uh here here here's. something. Um this is under a business.

So this must be for your bike company. Your bike. Which one is this? Uh, I just have a loan agreement page. I. I don't have the name of the loan. There's no like. title. I Are you the one that's for my truck? I I don't know. Uh, tell me what has Oh. my [ __ ] Wait a second. Okay. What loan matures in 2026 in the. summer, year and a half from now?

My truck. What's your truck? Um, like the the total that I'm paying? Nah. What's your truck? What kind of. truck you got? It's a 2016 Ram 1500. You got to haul around all those. It's not even running. syringes. It's currently broken down, like beyond. repair. We have a 13% interest rate on a car. that is sitting down. Why haven't you. scrapped it and just thrown the money. towards it to try to pay it off as much. as possible? What? What brokeen down? What broke it down? Nothing that. insurance would cover. What broke it. down? I didn't have insurance.

You don't do anything right. You don't. do society. You don't do society. I don't. How is that? Obviously, that's not. working. So, maybe you should join us. I'm I'm hoping to get some introduction. into it. Well, that's hopefully this intent. But. this ising crazy. No insurance. How long. did you NOT HAVE IN WHEN DID THIS BREAK? What happened? I stopped paying insurance at the. beginning of October. Um and then I had. the. October was only a couple months ago, right? And then my transmission went out. on my truck.

Okay. Well, I mean, and the cost of repair is worth more. than the the truck is, cuz it's beat to. Oh, what's the cost of repair? Probably like $6,000. Oh, but you Oh, 5,000, right? Oh, specifically $4,899. 889. 4,889. And it's a what? It's a four. It's a Ram 1500. Ram 1500. So we can go make some tattoos.

with a minimum payment of. 600 bucks. 600 bucks. No. Five. No. 90. What? You don't [ __ ] anything. It's 271. No, that's not what I pay a month. If. that if it's saying 271, that's my. motorcycle payment then, which would be. crazy cuz I don't owe I owe way more. money on that than $4,000. I pay $600 a. month to Capital One for my vehicle. This isn't Capital One. The next one's Capital One.

Oh, then this is a motorcycle payment. The 271. What's your motorcycle? Uh, it's a 2006 Harley. Also not. running. And like I said, this was under a. business name, i.e. probably your. motorcycle business. Okay. Okay. You owe 4,889 on your motorcycle. at 13% interest rounded. I feel like. that's not right. That's why I hear unless you have. another third vehicle that I don't know. about. No, no. I just have the uh I I'm. really behind on my Harley payments, so. I haven't been able to like even log.

into the portal to see like where my. loan is standing. That's not how that works unless it's. been sent to collection. So, it would. have been Yeah. This isn't the Harley, is it? It can't be. No, no, no, no, no. Is your bike the. Harley? Yeah. You don't have any other bike? No. I mean, I do, but they're not like. in they're not uh they're not financed. It's stuff that I just own outright. Oh, that that might be the personal loan. for through square.

Guy, do you know anything? Do you know. anything? Do you What are you talking. about? It could be THE PERSONAL LOAN. I. [screaming] DON'T KNOW WHAT THIS IS. I THINK IT'S THE square loan. So, you borrowed through your payment. service provider for some reason, which. is crazy. They offered it. Of course. they did. Apparently, if I want this. business to make a ton of money, I just. offer a predatory loan through our. website. Okay, so this is the personal loan. So,

yeah, good thing I didn't ride bike yet. So, $4,884. personal loan. And you're actually making payments on. this or I mean, it just started, dude. It gets pulled. A percentage gets pulled. every time I run a TRANSACTION ON. SQUARE. OH, for. sake. Oh, I think. good for trying to get us to 27161 a. month. I think it's 13% that's pulled out of. each. until you hit that 27161 probably.

It's on every transaction. It doesn't it. doesn't stop once I make the payment. No, they wouldn't want you to make more. progress though. They wouldn't want you. to make more progress cuz they want to. get a bigger uh uh interest longer. They. would they really? Are you sure? Yeah. Every every transaction 13% gets. pulled. Then what happens if you don't hit that. 271? Cuz maybe you just don't hit that. 271. I haven't not hit the 271 yet, so I'm. not sure what happens if I don't. Do you hit it towards the end? Well, I. guess you've only done it for a month. It runs it goes by pretty quick. Uh, but you've only done it to do it for a.

month. Well, that's my third square loan. payment. Or that's my third square loan. that I've gone through. How often do you go through square. loans? As soon as I pay off one, I get another. one. So, you're stuck in a cycle of square. loans of squareing. just lone square. you're stuck in. perpetually. [snorts]. So, this is number three. Yeah. How long do they usually last? 2 to 3 months. I can pay them off. [snorts].

Oh my. Yeah. Payday loans. They're. they're so in your future. I I'm just. trying to like just just take this in a. little bit because so much was vague. here. There was a little of like, okay, this this might be interesting. This. might not. We we we just don't know. you're going to have to kind of find out. for yourself and oh my for we're finding. out. Um and it's 18month loan. Uh it. doesn't show your last payment or else I. would know.

I would know how much essentially goes. towards it on a monthly basis. I can show you on my Square app. Well, this isn't lining up. Are you sure. we had the right thing? Cuz now it's. saying the minimum monthly payment is. 600 something. That was that was okay. That's a credit. card debt. That's a different debt. That's a. different day. That is not in the stack of documents. I'm going to have to call the girlfriend. in in the post show. She's out in the. lobby. I'm going to have to. unfortunately inform her that I have. given you a medical diagnosis of We'll.

talk to her in the post show, guys. If. you want to join the membership and help. support this channel, thousands of hours. of extra content there. I recommend the. elite one for uh the best value for the. dollar. That's where all the extra good. stuff is. Here we go. Okay. So, the balance is basically the. same. Uh, activity, activity, activity. Autoplay. Autoplay. Auto pay.

Okay. Well, it's not really showing. Oh, yeah. So, that's how it works. So that's how this works. It might be. acrewing interest. It. might be acrewing interest. There's like a loan fee that. I need to get a girlfriend. You see how. fast I can tap this touch calculator?

That didn't make you guys want to apply. to be my girlfriend. I don't know what. does. Actually wasn't even that. impressive, was it? Was it Lindsay? Um, no. What the I'm single forever. Okay, so this is how they do it. This is. the interesting thing. There might be. Okay, so yeah, you make a minimum. monthly payment and they they're okay. with you paying more than you usually do. because of this little roundup thing. [laughter]. It's not the littleing, you know,

you're not get you're probably getting. interest accured if there's balance left. or you're probably getting that little. interest acrew, you know, just a little. touch of interest. That probably. happens. Uh but that that that's not. what'sing you. That's not what's [ __ ]. you. That's not what's doing it. It's. when you borrow this, you borrow the. full 4,200 that you could borrow. GUESS. WHAT? THEY IMMEDIATELY added a $700 fee. FEE FEE BAKED IN OUT OF THE GATE, bringing it to like 5,100. Meaning even though you've paid 13% of.

it, YOU'RE STILL ABOVE THE balance that. you took out. That you TOOK OUT. YOU ARE. paying an extra almost 17%. a little 17% fee just to get access. access to their money. I want to give. you free money right now. I partnered. with different resources that will. literally give you hundreds of dollars. the moment you sign up for them. Check. out my investing app of choice, Mumu, where they give you up to 15 free stocks.

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like and what investing strategies to. use based on that. All of this free. money is linked in the resources section. of the description below. So don't pass. up the free money cuz I'll punch you. Oh, they are making a killing. They are. making a killing. You are paying for. whatever skyscraper they have built. somewhere. You are giving Square so much. money. This is [ __ ] crazy. You can't do it. again. But then you have to because you. you run out and then you borrow the. money and then you're in the cycle. You're in the square. You're in THATING.

SQUARE. YOU ARE IN THE SQUARE, RIGHT? This is an insane debt. This is wild. IT. has that fee added to it and then plus. the interest. Oh, that's the repayment. rate. That's the repayment rate is. 12.5%. So, they add the fee on the. little thing out of the gate. That's. what they do. They add the fee on the. gate. Out the gate. That's crazy, man.

That is [ __ ] crazy. I'm assuming that's It looks like a. non-interest loan because of the fee, but you're still paying. whatever the [ __ ]. Yeah, it's cuz it's baked in. If I take. got a high interest credit card and I. put $5,000 on there, but I put $4,500. towards it, that means it's only going. to occur on the $50. [gasps]. $500. But that's not what this matters. You You take out $4,000 on this and you. you pay back $3,500. No, you still have. the stupid same amount fee. That's a 17%. fee that was added. They just made a 17%.

return on their money and they've done. it three times with you. This is wild, man. This is crazy. How How How'd. you even fall into that? How do you even. find this debt? Cuz you use them as the. payment service provider. Yeah. So, it looks like I make a ton of. money when I'm running payments through. Square. So, they like open me up to this. large [clears throat] amount of money. and every time I pay it off, the like. amount increases. So the loan started. off small. meaning the fee increases that 17% to it.

increases. They want to get it as high. as they can so that that 17% goes. further. Dude, you don't understand. You don't. understand how bad that is, man. And then the the credit card debt that I. showed you earlier that I forgot about. You forgot about. I haven't paid it. It was just. since. back of the minds. over a year it's been turned over to. collections. A [snorts] credit card. You're not a. debt person. You don't know how to use. utilize credit cards. I've never paid one off. The resources we'll set you up with, we.

can get you access to the Fizz card, which is a debit card that builds. credit. We'll do that. We do that for. the community. We do that for our. guests, too. You probably needing. therapy. You certainly look like it. We'll give you three free therapy. sessions through sounder mind. It's a. service that I use and that the. community uses as well. I don't even. know if I want you to sit across the. table from a domain money people. I. don't want them to have to deal with. that. They're good though. The fact that you're taking that out. Take ouring debt class. Understand debt,

man. Fully understand it. How to utilize. it correctly and how to pay it off. Go. through our budgeting class and then. eventually go through our investing. class. Take all the quizzes. Go through. the information. Tens over 10,000 people. have taken them and they've literally. changed their lives for the better. Take. them. Build the budget. Learn how to pay. off debt. For sake, man. It's the best. thing you can do. Surround yourself with. the best things you can possibly get and. you get them for free. You guys can. bundle them for 15% off. Highly. recommend it. But you get it for free. So you better do it, man. Okay, so. Capital One. So you're saying this was.

the truck. That is my truck, correct? [snorts]. I see why you're a little confused. It. is a pretty similar balance. $4,65628. on this one. Oh, [screaming]. LATE FEE IS $119. WOW, YOU OWE $1,316.50. on this loan that is only $4,635. because you're just endlessly pasting. due. WHAT WAS the Oh,

SO M. OH, DUDE. WHY? SO, it's because it's it's because of. the the thing we talked about earlier. It's the you're not going to you're not. you don't want to go to jail. So, you. pay the lawyer. In order to pay the. lawyer, you have to defer the other. payments and take out loans in order to. pay the lawyer so you don't go to jail. But in order to do that, you have to not. pay on things like this because the. payments come due and you can't afford. it. And we already have a multi00. payment due on a monthly basis with both. of these together. You don't make that. kind of money. Both these loans together. already take up half your income on a. whole month. And then you incorporate.

the lawyer into it. It's not even close. You're done. You're capped. You're. ruined. You're. [sighs and gasps] so behind. That makes sense. It makes sense. Who. would you borrow the square? Why isn't. it going and just paying off this? Where's the square going? What are you. doing with the square debt? Where does. that go? You use the money. Where does. it go? The the last one that I took out, um I. was behind my truck payment like 3. months and they put my truck in repo.

So, most of it went TOWARDS THAT. SO, OH, BUT YOU'RE HEADED towards there. again, right? So, is this you you get to repo and then. we borrow so that we can pay on it. Then. we get the repo. Then we take out a new. debt so we can pay on it. And do I need. to draw that out? I COULD DRAW THAT ONE. OUT TOO. You you a lot of people in the. show that get locked into cycles. It's a. very common thing. It's a very common. thing in the United States of America. and every culture actually. Even. communist China has debt up the dick. I. mean communist.

[clears throat] is. so that's normal. But you keep locking. you you get in multiple cycles. You're. in a cycle of a cycle of a cycle. You're. in like these cycles that are. interconnecting all these [ __ ]. things, man. This is crazy. It's hard to manage and deal with. I could have man it. Yeah. Yeah. Yeah. It's. What are you doing to deal with it? What. are What have you done to deal with it. though? Other than take loans out? Nothing. That's not dealing with that. That's.

deferring the process. Uh why haven't. you How many hours a week are you. working. tattooing? tattooing probably 36 hours a week. Okay, then [ __ ] off. Go work 60 hours. somewhere instead. You need to make more. money. I don't have another skill set. I don't. have a high school diploma. We'll gift you a certification through. course careers. Use that. It could be a. good way to get into a job market. Um, we recommend that for our audience as. well. It's another resource we can. provide. Uh, you didn't graduate high.

school, you said? I didn't. Yeah, definitely. The GED? No. Why not? Why haven't you tried to do the. GED? I've been tattooing for 11 years. So, I. started tattooing when I was 17. I've. had no reason to go and get a GED. Did this all start with the legal? Were. you fine before the legal? I was okay. I was doing better. Well, okay. What does your better look. like? Cuz this is like bottom of the. barrel. Like, okay. To you could still. be complete. I was up to date on payments. Um, and I. was still be able to pay my insurance on. my truck. So, you're you were able to do minimum.

monthly payments, but you still had. debt, right? And you were you still opening debts? Yes. Okay. So, that that wasn't good anyway. So. obviously this isn't working. You've. gotten yourself in a situation where. your behavior's out of control. That got. you into debt. And then when something. popped up like the legal thing, all of a. sudden now you just can't control it. And not only do we have to correct. behavior, you're going to have to bring. in more money. And I don't know how this. motorcycle thing works. You say $3,000. $300 a week. What do you How does that How does that. work? How does that What does that look. like? Um it's pretty much just like a cash. payment that my my boss gives me.

Um. what do you do? You working at a shop? Yes. It's me and one other guy that. work. Um, how many hours a week are you working. there a week? When I did it yesterday, like 30, maybe. 28, somewhere around there. Close to 30. So, you're making like 10 bucks an hour. 15. That math's not mathing. I don't really think that my pay I know. it's $300 guaranteed a week. I'm.

spending more time there than. than what I'm actually getting paid for. Don't. Don't work somewhere where you're not. getting paid for your time when you. can't pay your bills and you're behind. on things and we're taking out payday. loans here starting soon. Actually, basically already are. I think that's a pretty basic uh rule, right? Right. If you're not getting paid and you can't.

pay your bills, don't work there. Drop. some fries. Work aing summer moon. I. lactate moon milk. What? I feel like the motorcycle thing. currently is like an apprenticeship. opportunity though. Like I'm g I've been. How long have you been apprenticing? I've been with him a little over a year. Okay. Okay. Okay. [laughter]. And what's the uh. what's his little what's his little uh. that he dangles in order to keep you. there? I mean, I guess it's just the lifestyle. and like being he's a very like popular.

dude. Okay, that doesn't count anymore. when we can't pay our bills. You get to. have that luxury. You get to have that. luxury of sacrificing paying time for. things you want to do when you can pay. your bills. You're [snorts] going to go to. collections. You're going to get repo. You're going to go to jail. Then you're. going to get the IRS to come down and. peg you. I think we're not choosing the. convenience of what we enjoy doing. I enjoy the percent the the again like.

the the certification thing. You could. do a construction project management. certification. You can kind you can and. then you can get into that world and you. do not need a diploma for that world to. work in construction for some jobs. Of. course you do. Every job you know every. level there are certain things but you. can get into the field the without a. college degree. Okay. I guess it was just my freedom that I. was scared of losing cuz. Well, you're about to cuz you're going. to go toing jail. Are you stupid? What. do I have to report to this girlfriend. too to add to the situation of your. mental capacity? Like you're going to.

lose your literal freedom in like the. most way you can other than death. So I don't think we're choosing the. freedom of our job in that situation. I. Yeah, I'm just scared of the transition. I've never done anything but tattooing. and work for myself and like. transition. You're going to transition. to someone's bottom in jail. [laughter]. I'm a pretty big guy. Oh yeah, but you're Twinkie and they. like that. I'm not Twinkie.

You're Twinkie, dude. You're smooth and skinny. You're. Twinkie. I'm like [laughter] 190 lb. You're big Twinky. I'm big Twinkie. Okay, we'll settle. [snorts]. I'm not Twinkie. So $598 a month, but you're behind by. two right now. Two. Is that still the case or is it three. now? It's two. Okay, repo starts. Oh, [ __ ] I'm like. [snorts] five, right? And and we're headed there. Your spending's confusing. And so it's.

like, where did your money go? That guy. Oh, maybe you need to go to. jail. You spent $1,600 just going out to. eat. I don't go grocery shopping. It's gas stations and restaurants only. And Uber Eats. That's your entire income on a slow. month. We're taking out paying loans so we have. a chance to go to go into jail and we're.

spending $1,600 a month on I could get. you a $300 grocery. budget budget. I could get you a three. you Oh my gosh. [snorts]. Oh my goodness. $1,600 a month. You. cannot afford that. You cannot afford. that. I don't have time to cook. Yes, you [ __ ] do. Cuz you're going to. work jobs where you're actually getting. paid when you work. You're going to work. 60, 70 hours a week. Not going to let. you work more than 80. You're going to. push it to the max. And you're going to.

meal prep two times a week. Find time. for that. Cuz I'm talking a couple hours. a week. I know you have a couple hours a. week. Even if you're working 80 hours a. week. What do I do about my two two current. situations? Huh? What do I do about my. two current jobs? I. uh. well for I'm quitting the absolutely the. motorcycle one. I'm just trying to I'm. trying to picture the value of uh or at. least temporary leave. You're just like, "Hey, dude. I just I got some bills to. take care of and I'm just not getting. paid here." Honestly, it might be a good. way where he's like, "Okay, I actually.

like you being here. So, here, let me. give you more." That might happen. You. don't do it to try to get more, but that. might happen. You have every intention. to leave, but you're going to have to go. make more money. you're going to have to. actually make money for your time. And. the minimum starting wage for a low paid. job in Austin is 18 bucks an hour. So, you're dramatically behind that by. almost half. You can drop some McFries for I think. it's 16 bucks an hour in Austin. McFropping.

them into oil. Then my fat asses come. through the drive-thru. Yeah, dude. But. I got to work with a bunch of idiots if. I go to that place. Well, you'll be right at home. You don't think everyone at a restaurant. that they're hiding away from the. general public looks like you? [laughter] Come on. You look like a. cook. No technical skills needed. [snorts]. So, you said there's some motorcycle. debt. Uh, I wasn't able to get the loan. agreement because I'm so far behind. I. wasn't.

How far again? Five four four months. Five months. So, that repo's coming. It's I've already gotten a issue of. repo, but they can't find it cuz it's. pulled apart in pieces in my garage. [snorts]. Good luck. So, what's your credit score? Uh, four something. I think maybe a five like a 503 or like. a 520. It's about to go back down once this. goes into collections. I got a notice this morning that my. credit card or that my credit score went.

down again. I just didn't check it. Do you care about life? What are you. trying to do in life? You remind me of. the people where I'm like, "That person. next to me in first hour health class. that smells like cigarettes is going to. be a failure. Luckily, you don't smell like. cigarettes. You might not be allowed in. if you did." Do you care about life? You're here. Okay. And you you do you do you genuinely seem. like I mean, you're being open and. relatively honest when you're able to be.

um about your situation. So, I was doing. great like four months ago, five months. ago. No, you were not. You were taking out. debt and you had debt. You were just. making your minimum payments. Let's not. use the word great. Let's not say things. we don't mean. I was doing better. Um, and I went. through a catastrophic breakup that like. sent me down in the the in the guest. room. What is that? That's my girlfriend. Okay. But this was like a three-year. relationship where she was like involved.

with my daughter's life and like. You have a daughter? I do. Obviously. There's a daughter. You're doing this? You're going to go to jail? You have a. daughter? I do. She's going to grow up and look like. you. How old's your daughter? She's six. Is there only one of these? Mhm. Obviously, that's not the reason you. dropped out. She's not young enough for. that. Old enough for that. Sorry. Continue. Um, so yeah, after after we. broke up, I was I'm not able to be on. like a like an apartment lease because. of like prior charges. Um, prior charges.

So, I was we we got a duplex together. and I was living with her, but I was. able. I wasn't able to be on the lease. Um, so. when we broke up, I was like kicked out. of the house cuz like there was no legal. reasoning for me to be there. And it. What are your prior charges? Uh, it was a possession. I got caught. with likeables in Texas and they charge. you with a felony for it. Okay. Probably. not as much anymore since shops. everywhere. No, still as long as just don't catch. you. If you're outside of Travis County, it's. a much bigger bigger ordeal, which is. what happened. I got. say there's shops everywhere. Even.

though [snorts] it's not legal. Yeah. Okay. Okay. Go on. Go on. So, yeah. When when when we broke up and. things shifted like my whole life got. turned upside down and I just went into. a. just a couple months ago. Yeah. We broke up. And you have a girlfriend already? January. A new pair of flaps. We broke up in September. I met my current girlfriend like a month. ago. Why'd you drop out of high school? I got in trouble as a juvenile as well. Oh, who would have thought? What'd you. do? I uh I broke into my high school and I. destroyed everything inside of it.

Everything? Everything. Is this on the news? Uh it was a really small town in West. Texas. Um like really tiny school. Like. the elementary destroy everything. That place was terrible, dude. Like it's. very old school. I was like corporal. punished. Yeah. I got like swats and. from my principal and like it was bad. Like not not not cool. And I held a. grudge for that. So when I got old. enough, I like took. How old are you? How How old am I now? How old were you? When I did it, I was 16. So you got expelled?

Uh yeah. And then they wanted me to go. to like an alternative school. Yeah. To the upup school. Wasn't going to go, so I just dropped. out. [snorts]. Well, he definitely sometimes fails the. society for people like you and just. kind of leave you hanging. But you also made the choice to go in. there. I did. And you made the choice to drop out. I. wish you just had someone in your. corner. What was the family situation? Your parents, they're they're there. Um.

Well, they Okay. They didn't do A OH, YOU'RE UNDER MY ROOF. NO, I I I moved [clears throat] out of. the house as soon as I was 16. They can't control that. [snorts]. And they found out it was you through. like cameras. Uh, no. I was in a high-speed pursuit. that ended up in me wrecking my vehicle. So, it was called They called the cops. cuz an alarm system.

No, there was no alarms or cameras at. the school. We ended up doing uh B&Es on. vehicles. What the is a BNE? Breaking and entering. You were smashing cars. Mhm. We Who's we? You did this. Me and my accomplice. Was he expelled as well? Yeah. Or is he a up? Uh no, not anymore. He's actually in a. really good spot in life. What's he doing? Um he's working at a rehab facility. He. lives in uh North Austin. Uh you want to consider maybe uh not. being the second half that failed?

Yeah, ideally. But this [ __ ] keeps. happening, dude. Well, yeah. Now you're in a cycle, man. You're in a cycle where it's just like. almost might make just sense to. bankruptcy this. Um, not because the. debt's substantial, but just to wipe the. slate clean. My parents have filed for bankruptcy. twice. Yeah. So, you're continuing that cycle, too. This is that's the if we did boring. titles it would be continuing the cycle. of. poverty.

but instead it's going to be something. goon like tattoo that too. piece of. so that's going to probably go to. collections repo man's been looking. around hasn't found anything and it's in. literal pieces. yeah I can't go and get it. $9,889 $9. And why did you take it into pieces? Uh, so it wouldn't be found. So you did this intentionally? Yeah. Can you reassemble?

I can. Okay. So when they're off your back, you're going to be like, "All right, motorcycles new again.". Yeah, pretty much. That's crazy. What is the minimum. payment to get it to get back on track? I think $1,400. If you've seen this show, you already. know what bad financial decisions look. like. death, debt, overspending, and. constant taquito runs. But here's the. deal. Ignoring your mental health, that's just as dangerous. It piles up. like unpaid credit card interest, and.

trust me, it'll cost you down the line. That's why you need to tackle it early, just like your finances. And today's. sponsor, Sandremind, makes it simple. Sandermind is your all-in-one mental. health partner. They connect you with. licensed therapist or psychiatrist. tailored to your needs. And you want. more control? You can browse their. directory and choose your own provider. Plus, their app is packed with self-care. tools to help you stay on track between. sessions. And the best part, Sandermind. works with most major insurance. companies, so you're not stuck paying.

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definitely lead to better finances. So. head to the link below and check out. Sandermind today. Not minimum monthly. That can't be. That has to be your back. payment. my uh. like 2 281. Come [snorts] on. Over 28. [clears throat]. Capital One auto. We did look at that. Okay. So, yeah, that credit card you. said that went to collections. Yeah. Well, why did why was I able to see it. in your credit though? Oh, that was a different. Yeah, that wasn't a Capital One uh debt. There's another one through FNBO.

PULL IT UP. YAY. BACK. When I woke up, I was not. expecting this, man. We lit, you know, we literally sat in. the room before before this and we said. there's not that many documents. The. conversation might be kind of short. [snorts]. We haven't gotten to your spending yet. and it's over an hour. That's not. something to be proud of necessarily.

balance. [groaning]. What is this called? What is this credit. card called? FNBO. I got it through uh Northern Tool, the tool company. Is it a tool debt? Yes. [ __ ] the infinity. These stones are. being collected, man. YOU'RE DOING THEM. ALL. YOU'RE DOING AING IRS. No. insurance. Jail. You added jail. That's. a new one. You collected a new stone no. one's ever done.

also like high school dropout. That's a. new one, too. Uh, okay. So, oh, [screaming]. we're over the credit limit by. $450. $450, man. Dude, I'm going to connect you if you. cuz you actually seem like a pleasant. person. I just feel like But why do you. keep committing crimes, though? because. that isn't some like listen I I was a. piece of I've done lots of pieces of. things. I did so many dumb things when I.

was young just like you did. Different. different kind of scale and whatever. But even still, we all make dumb. mistakes. But guess what? I've corrected. it. I've matured. I've learned. I've. grown. If I was still doing that a month. ago, like you getting arrested. But so. like if I do connect you with these. resources, like I morally want to. I. internally and emotionally want to. because you seem pleasant in front of. me. What is to suggest five years ago. you're not doing what you've been doing. for the last decade and two years? Um, well,

I also have a kid and that pisses me off. that you're doing this with a kid. It's. not funny anymore when a kid's impacted. I uh I struggle with like alcoholism and. then I was sober for like 3 years and. then. I drank the other literally the time. that I drank. cuz the breakup. Have you drank since. then? No. Do you go to group? Uh, I do meetings. Good. You okay? The minimum payment is 667. Probably because it's backed up. The last payment you made is $2779.

I don't even know what the that is. It's a char. It's a cruel $43. Why? Why? Why'd you take this out, man? $43 of. interest and $40 of uh fees on a monthly. basis. It was like two years ago. I haven't. paid it like in a while. [snorts]. Bankruptcy, man. Might just be a fresh. start for you. I hate recommending it. cuz one, it's expensive. You you. borrowed a pay for it just like you did.

to your lawyer. The total fees this year so far almost. 400 bucks and $450 in interest. Guy [sighs and gasps]. guy, I don't even know what to do, man. It's like, but again, the behavior that. everyone is about to see at the end of. this is so crazy through your spending. where it's like bankruptcy is not going. to be the fix of your situation. And you. were going to end up right back here. again. You and your legals, you and your. spending. It's like you do this constantly. So,

okay. Well, what about this Capital One. credit card? It's also hasn't been paid in a very. long time. Said that one's in collections. I believe so. Well, let's see. He doesn't even know. cuz on your credit it doesn't say that. it is. Unless there's another Capital. One. Oh, no. Oh, yeah. There's two things in. collections. 440 and 124. This is I I honestly don't know why this. is showing. I know that I owe more money. than you.

Yeah, that's what your credit show as. well. Maybe maybe you don't. Just take. the win, man. Okay. Yeah, he owes 39 bucks. Justing pay that. now. Yeah, that's that used to be higher. I. don't understand what happened. And then yeah, those two collections. that we talked about. What is this? What is this? What is. this? What is this? What is this? an energy bill for 192 that you haven't. paid either. Trying to get your energy. shut off. I didn't even know that I had an energy.

bill over that. That has to be at an old. address cuz currently where I'm at, it's. not in my name. Are you paying it? That one? Your current one? Oh, yes. It's split between me and the roommates. How many roommates do you have with. those cheap friends? It's me, my buddy, his wife, and their. two kids. Is your kid with you? I'm sorry. Is your kid with you? I have split custody with her mom. Her mom's here? No, she's in Louisiana. I do a lot of. traveling. [ __ ] mess. This is I'll be honest. I.

This like. I think there's important things to be. learned from this conversation. I really. do. I don't think I'm equipped for the. magnitude of this because so much of. this just has to do with your. life and addiction and endless behavior. I need you to do those therapy sessions. of immediately. And yeah, sit down with. the domain advisor as well. You guys get. a free session for the domain people. Um.

but I mean that that's how we do our. partnerships by the way guys. Whenever. whenever we do things like this, it's. like, hey, uh they're interested in like. setting you guys up with stuff. But I'm. like, if we're going to do a. partnership, the guests get a free one. as well. [snorts] So, we do that so that. you get the opportunity, too. So, take. advantage of that free financial. advising session. Get these people in. your corner, man. Cuz I think this one. is beyond me. I really do. This is so. hard. And your behaviors like there's. not even. I'm a sweet guy. I just put myself in. situations. You seem pleasant, but you.

just make so many mistakes and you're. uncontrolled and you're heading in this. I don't know you're headed you're headed. down this really dangerous path really. dangerous path that you've been that you. started at 16. and it's it's not going to get better. It's not going to get better until. something dramatically changes. And I. think bankruptcy could be a potential. solution. But I want you to sit down. with the financial advisors first. I. need you to see a mental health. specialist. And [snorts] again, we'll provide that. Okay.

Yeah. Stopped. And well, what are you. getting from 7-Eleven and QT and all. this stuff constantly? Um, and. the even is that sounds like a Superman. villain. It's like a neutropic. It's like a. caffeine replacement. I don't even know what that is. So, it's. a it's up. It's an upper. Yeah. Wait, is that one of those things that. people take instead of Adderall? Possibly. It comes in like a I take like. these they're called feel free. They're. like these little drinks that you can. buy. But you buy it at the gas station. Oh, it's legal. Mhm. Cromatum.

Oh, yeah. People, you can OD on. Well, you can OD. on anything. Um, uh, K R A T O M. Got to do a little learning for us us. innocent people out there. It's a herbal. substance derived from the leaves of the. something something something tree. Southeast Asia Thailand you know all the. everything fun comes from Thailand.

Okay. Um so stimulant. for increased energy alertness social. ability high doses give you relaxation. pain relief and euphoria. Do you do the. high doses? I do low doses. I have like terrible. social anxiety. So, like for me to be. able to like go to work and talk to. people, uh, I feel like. Well, I'm sure you you have a lot going. on up there, which is okay. You just. need to see someone. Okay. So, you're just getting cratom every. time? Pretty much every every time I stop at.

the gas station on the way to work and. then like maybe once throughout the day, there's a smoke shop next to the tax. Yeah. What do you get at the smoke shop? Crum. Like pre-rolls and cratom and. stuff. What's a pre-roll? Uh, it's like the little CBD joints that. they sell there. They're like pre-rolled in like a. Okay. Van Moon out four bucks. Pre-roll. I think.Ratomratom. food going out to eat. Going out to eat.

I think. Uh pre-rollum. vetin 120 bucks. Very now 65 bucks. Restaurant and restaurant taste of. India. Uber Eats. You can't [ __ ] Uber. Eats dude. Come on. Wait a minute. How are you getting back. and forth between Cuz you said the work. the truck is gone and the Harvey is torn. apart. What are you doing? I'm running a vehicle for my mom. Good. And currently Howie's been driving me. around. Pre-roll pre-roll pre-rollum.

gym gyms. Uh Lonear souvenir. Lonear souvenir. Lonear souvenir. That's the like bodega across from us. I. go there and like buy my food during the. daytime. Okay. Okay. I got uhratomratom. Apple bill. A errands rock pre-roll. Food. Food food. Lonear. Lonear. Venmo. VMA out. Hilton. Starbucks. Come on. Make someing coffee, dude. You're. barring to pay a lawyer so they don't go. to jail. I don't think we're getting.

Starbucks or Ubering Eats. Cool beans. Probably cratom. Probably. food. Netflix. Uber Eats. Kill me now. Cratom probably. I don't even know. Food. Poco Loco. Poco Loco. Poco Loco ribs. Dude, you ever been? No. The is the Poco Loco? It's like a Mexican like grocery like. convenience store. Dude, it's so sick.

But you just buy food. You don't get the. groceries. You get the convenience. Uh pre-roll. Oh my. Oh, this is so many papers. Am I really. doing all of this? Unfortunately, we. know how this is ending. It's one of the. rare times where it's not it's not a I'm. angry, I'm not going to do your or. anything like that. It's just like this. is beyond us, man. This is beyond. [snorts] not beyond our resources, but. beyond this conversation pre-roll, Uber.

Eats, Poca, I wasn't trying to do an accent, was I? It's okay. I'm Mexican. I approve. Was I? PCO loco. No. What's that? What. is that? Poco Loco. I don't think that's an accent accent. I. think I'm not getting cancelled right. now. Okay, I got to pass anyway. Doesn't make it better. But like, what was I doing? Okay, Uber. Eats. That's okay. You know, canceled. these days anyway. We've we've separated. from the pearl clutches of this world.

No one listens to them anymore. Uh 711. So yeah. Okay. cratom. Cool beans. That's the coffee shop in front of the. motorcycle shop. Brewing coffee. Pre-roll. McDonald's. Poco Loco. GO WORK. AT Poco Loco. Ah, pre-roll. Poco Loco. Ven out $10. What do you you Venmo out.

so much money? What are you Ven out? Some of the Venmo transactions are to. the coffee shop. Some of them are to for. like homies if they go get us food and I. like owe them for the lunch or. what? Okay. Split custody. So your your your your. your daughter, you take her to Poco Loco. every second. How does she eat at home? What does she eat when she's at home? You're not cooking for her. So usually since she lives and like goes. to school in Louisiana, like two or. three weekends out of the month, I will. travel there and like get an Airbnb if I. don't like.

And how is food eaten? I buy groceries for for my visitations. and then when she's here during the. summer time, I go grocery shopping. Listen, here's the thing, man. This is. purchase. It's purchase. HERE, LOOK AT. ALL THAT. YOU [screaming] SEE ALL THAT? YOU SEE THAT, GUYS? YOU see that? Well, guess what? Here's another page of it. It's all. And it's all Poco Loco Loar Sa Poco Loco. PlayStation and Smoking and Venmoine. And. guess what guys, we have another page.

What is this page? This is crazy, man. He's literally borrowing payday loans in. order to pay off other loans in order to. pay his lawyer in order to not go to. jail. And it's this Uber Eats and Sharks. burger and white cloud smoke Poco Loco. and a thousand othering stupid. purchases. There's no point. This is why. there's four moreing pages and it's it's. the same five places over and over.

again. It is it is Poco Loco. It is. getting pre- rolls been moving out and. then some extra bull Uber Eats Burger. King Apple Bill. Who the knows? WHO. KNOWS? This is all. And guess what, guys? Will you be shocked? Will you be. shocked? Will you Will you be shocked? Here's another page. Look, it's all. bull. Everything in Orange is bullsh. bull. New one, zel kicks. Dude, I don't even know where some of. them There will be times where I'll wake.

up. I'll go to sleep with money in my. account and I'll wake up with it being. overdrafted. Shut the [ __ ] up. Shut the [ __ ] up. That's not even ju just What do you. mean? You go out to eat five times a. day. You stop somewhere five times a. day. No statement is ever this long. No. statement is ever this long. No. statement is this long. [snorts] No. statement is this long. Look at this. It's a spooky caterpillar. a thousand times on here. He had a bad. time during this. He really needed those. rollups. Just on this page alone. 1, two, three,

four, uh, five, six, seven. Seven of the smoke. shops. Lonear se souvenir went. One, two, three, four, [groaning and screaming]. five, six. Six times on there. I'm not seeing any. Pocco Loco, but I'm seeing Marlstone. retail. One, two. No, no, no, no, no, no. Poca loco made a comeback two times. at the end. At least I'm consistent. Consistently. You're destroying your entire life and.

you're a father of a kid, so it's not. cute. More [ __ ]. Okay. The thing is, I hate to do this, but. I know you came here for good reasons. and everything, and I really do. appreciate it. Well, this is the thing. They're they're they are texting me. We. need a budget, please. And I uh. sometimes when I don't do a budget, it's.

cuz I don't want to do a budget cuz that. person's pissing me off. But I am trying. to think about your situation. The fact is I can't put in your budget. what's required because you don't have. things like car insurance. You're. skipping things. I can't accurately. build you a budget because you don't. even have the things to make up a budget. cuz you're not making the payments and. you're not existing in society. You. don't have the things to make a budget. And that that's again why I wanted to. connect you with those resources cuz. without having the basic things you. can't have a budget.

It's as simple as that. Your budget. lists right now. There is no point. Your. budget would be fake. You would have a. fake budget because it's not accurate. It's not true. It's not real. But here. are the basic tenants I want you to. follow. Okay? This would essentially be. what I'm telling you if we did make a. budget. one just, you know, f. we're going to cut back your food. spending to $300 a month. Meal prep a. couple times a week. It is worth it. It.

is worth it. Your rent's already in a. good place. Your utilities are probably. pretty chill with them. Utilize that. situation. and start getting ahead. Bring in some. extra money by at least getting rid of. that second job and going working a. different second job, man. one that. actually pays you at least above $15 an. hour, which is not hard in Austin. [gasps]. We have to budget in this travel. You. say you travel once a month to see her? Once or twice a month. Uh how how expensive is that? Um an Airbnb for those two days is. usually like $200 to $300 and then gas.

to get out there is like a 100 bucks. Okay. So that essentially Yeah. Without. insurance, right? You're driving without insurance. So, you need to. usually I'll if if I don't have. insurance on my vehicle, which has been. recently, I'll travel up there with like. my parents, like my dad will go with me. and they'll like drive just to make sure. things are kosher. That's legal to do it as long as they've. given you permission in the state of. Texas. and you know for a fact she ensures it. Mhm. Okay.

Yeah. Okay. So, we have to budget that in. That essentially brings you to like a. normal rent if we include the rent that. is in there. The last couple months I haven't had to. pay pay. Are you sure her policy though? Because. her policy could have exclusions where. you might need to be on it listed on the. policy. It depends on the policy. sometimes. State state of Texas it's.

okay because the insurance follows the. car, not you. But. I think I'm okay. I don't think that. they would allow me to drive their. vehicle if they weren't like. they declared bankrupt two times. I'm. not they're not the most responsible. people. Not saying they're bad people. They're just not those responsible. Okay. So, you have to factor that into. your budget as well. And honestly, to. escape the cycle, the bankruptcy might. be the path out. And talking to an. attorney there that might be connected. through your attorney might be, you. know, something important. So, that. might get you out of the cycle. But then. you have to change your behavior by.

following the strict budget. Go through. the education. go through the class, take the quizzes. If you follow a budget. post bankruptcy, not taking out debt, you're going to have to stay where you. are a bit longer until your credit at. least builds enough to where uh you. know, with even with the bankruptcy on. there, you can get accepted into a new. place. What does what does bankruptcy consist. of? What what would what will that cost? I don't even know how the process works. Definitely cost a few thousand dollars, mostly the legal process itself. Uh and. then you.

I'm a little curious about the without. them being able to get hands on the. bike, you being able to get rid of that. fully. The attorney would definitely. know for sure, but you don't have a debt. that you can't get rid of through. bankruptcy, but you would have to get. rid of the items themselves like the. vehicles. in your case for what I think you're. trying to do. So, sit down with those. experts. I think that's the best path. And then.

follow budget. We can on once you get. your regular payments and everything in. order, come back on the financial audit. follow-up channel. We can make you a. budget for what I think works. But just. right now, you just don't have the. ability to make a real budget. You. really don't. Just have to get some of. the basics under control first. So, okay. Gave yourself a hammer financial. score, too. I'm pretty sure it's a zero, but we'll find out. Guys, make sure to. join us in the post show. We're going to. bring his girlfriend in and we're going. to talk to her about this entire. situation. We're going to confront her. on that. And um well, for what it's worth, I.

didn't even get a uh the budget page, so. I couldn't have built it anyway, but uh. and uh yeah, the po will be good. Make. sure to join the elite version for the. best value of a dollar. There's a. call-in show where you can talk to us. and a lot of other things, members. streams, all that good stuff. Hammer. financial scar. I mean, it's zero out of. 10. It's as easy as that. There's really. nothing going for there's no savings. There's no nothing. Everything's bad. So, we'll see you guys in the post show. I hope you enjoyed this one. Uh, it was. a hard one. Apparently, we didn't even. go through it in the main show because.

going through all the purchases didn't. catch it. I buy Yu-Gi-Oh and Magic the Gathering. cards. Yu-Gi-Oh and Are you boogie? 2998, buddy. Magic the gathering. Magic the. gathering. $11,138. the kid. [ __ ] paying the lawyer. Not. going to jail. I'm spending on Magic the. Gathering. To watch the financial audit. post show, click the join button below.