He's All Over The Place | Financial Audit

hi my name is Hector I'm 25 years old. based out of Orlando Florida and this is. financial a you Mr Hector have a pile of. things I have not seen in. quite the. time you've gotten yourself into a mess. um for 25. man I'm a little. nervous we'll jump into it we'll get. into it first I need to know what you do. for 11 um I'm a server um yeah pretty.

much it I've been serving for a decent. bit now going on two years jumping. around from place to place you have a. lot of student loans for someone who's a. server yeah uh the student loans are. actually a pretty long story so did did. you well before you say the scory story. did you get a degree no it wasn't for a. degree I had got um caught up in a. situation where I signed up for a. certificate program um.

I don't really know if I should be like. disclosing the school there's like no. lawsuits or anything like that but um a. lot of things were promised and this was. when I was I want to say anywhere from. 19 to 21 um I kind of like bid into the. dream and I went through the process I. went through the trial period it was for. cyber security so it was a certification. for cyber security yeah and um we were. told that we were going to get like a. lot of things AK akin to like a boot. camp so we were told that we were going. to get like practice test and going to.

get like opportunities to take. certificate test and it never came um. the school that it was with we never. really got access to the I I want to say. the school but at the same time I don't. know you can it's up to it was it was. with like UCF I love the school um I. feel like in Florida they uh provide a. lot for the community but um the course. wasn't provided through UCF it was. provided from another like program and. they just used UCF like as essentially. like a heads space dude one of my best. friends friends here in Austin no degree.

certification cyber security makes over. 100 a year that's incredible that was. one of the things that we learned going. through the program was like there's a. lot of things that you can self te. yourself and um sure even like when it. comes to like the course of boot camps. like the course itself started at um. $117,000 I believe and that was with a. $1,000 down payment and then I've that's. why that's why I talk about course. careers man course care is like a few. hundred bucks I don't they don't have. cyber security yet but um they um it's a. predicament in which I've been on.

deferment for so long that I've just why. are you on deferment uh cuz I'm still. going to school um and still going to. school when did you start going to. school it's been on and off since I was. like 21 oh 21 I've been taking like two. class class is a semester and um I took. two years off when I initially graduated. I don't know I don't know if school is. necessarily for me I then why are you. doing it if you are asking yourself is. school for me that means we probably at. least don't do it we say the answer is.

yes yeah is school for me for a lot of. people the answer is going to be yes and. that's absolutely fine and there's right. ways to go about it is school for me you. don't know the answer let's not go. borrow total distributed amount. $177,000 which ballooned to. $21,000 we don't go borrow that if we. don't even know if we want to go to. school we don't take two classes a. semester right now if we don't know if. we want to be in school yeah it's a. situation in which I feel like not an.

identity crisis but the idea of not. knowing what I want to do for a. profession that's fair is has put me in. a predicament where I'm grasping for. straws have you taking a career quiz uh. a couple a lot of them are like. Communications or like HR I do enjoy. speaking to people it's just I don't. know the idea of school itself hasn't. been so ideol it's not the career it's. to me it's not even the fact of. schooling it's the length the amount of. time that it takes to get a degree like. that's kind of what gets to me and I.

actually I'm enrolled in um course. careers for um Tech sales but I. personally don't feel like I'd be a good. agent and that could be something as. much as I love them as much as I like. that CT and I was in tech sales and I. made money I made money in Tech sales it. was great it help me get out of. debt I want you to do that I want you to. take advantage of that why pay for that. if it's not what you even want it if. it's not if you're like I'm not even. going to be good at it why are you doing. it I see it as an option.

it's it's something it's very impulsive. it's like are you an impulsive person in. general um typically no but I feel like. there's certain aspects like my. self-evaluation of myself a big problem. is that like lack of Direction so when I. feel something that could be an option. for direction I'm like got to go with it. got to go with it yeah but there's like. a billion options it's more narrowing. down what makes sense for okay so the. direction of your life and what you want. to do that's something that's obviously. going to have to be a big part of the. conversation um um I'm sorry how much.

did you say you making your job um I do. about $3,000 a month I after tips after. yeah uh so that's actually I rounded. rounded out just what I'm taking home. daily it doesn't include what I get on. my paycheck but my paycheck is only $30. a week. yeah so we'll call it 3,000 M 100. including the paycheck I um I'm. part-time so I'm only scheduled two days. a week I have the opportunity to pick up. um two days.

I have a lot of free time on my hands. the well why um just you know you have. like some of the most disgusting debt. humanly possible I know I need a second. job oh you total distribut am 177,000. current balance 277,000 it's gone up. $10,000. yeah why are. you before this he told me he's been. watching for a year if you've been. watching for a year man why are you. still.

round honestly um so a big part of it is. I'm not making excuses I know that I. should have been doing it um I just got. out of like a a long-term relationship. and I feel like I was very complacent. within the relationship and uh it just. wasn't something that was on my mind. like and I was enjoying life like things. dayto day and I already know where this. is going like oh why enjoy life while. having this debt when I could just like. sacrifice two years to the rest of my.

life temporary sacrifice for the rest of. your life man um uh I feel like once I. kind of like left the relation or well. the relationship ended it put me in a. predicament where I was more acknowled. acknowledging my financial mistakes and. so while I was watching the episodes I. knew that I needed to change things but. just complacency was. there you said this is sound deferment I. want to take a brief moment to thank. today's episode sponsor aura when you. get an unsolicited message that's.

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people profit off of yours and sign up. for Aura at aa.com calb or by using the. link at the top of the description below. thanks again to Ora for sponsoring this. episode uh it I made my first payment. actually today today I was going to say. the date is today yeah I made my first. $420 you're not in school right now um I. took this last semester off and okay the. time how were you paying for. school financial aid so this again this. is something separate to to when you say.

financial aid does this means uh federal. student loans no no no like they were. covering all of my schooling uh yeah I'm. in Community College doing like two. classes a week financial aid covers it. this is something completely different. from like no it's just for the yeah it's. for the certification and like a big red. flag that I probably should have. followed was like the fact that. financial aid didn't cover the course. um I don't even even know if it was. accredited I learned a lot going through.

like this whole. experience. and it well certifications they're a. really good boost to the resume they're. not necessarily going to be everything. they might help you get your foot in the. door but you're going to have to show. especially in those more Tech field in. the interview process than knowledge and. the skills $ 27,1 31 at 12.3 7% interest. and. it's it's fixed yeah are Beyond lucky.

that it is fix uh it was purposely put. on a fixed I had the option to go. variable but fixed at 12% may have felt. like death two years ago but with where. it is and where I've seen some people's. Sally May loans these. days okay yeah I I made it f $420 a. month $420 a. month if IED by 3,000 it's 14% of your. money 14% of and you're probably not. claiming tip wages.

yeah. no does anyone I I don't know I don't. know if anyone claims to chages unless. it's like forced upon them by the job. yeah I mean I've also like people who. are trying to buy like a house or. something or like a car but I know that. that's not in my near future so no yeah. no not even comparable okay there was. one bright spot before we go down the. Deep abyss of death and Insanity you had. a Credit One balance and credit one's. like evil.

terrible card of which you've lost $97. in fees this year so far and $40 of. interest but you paid it off M this was. the bright spot this made me happy all. right to the. darkness we had a solid 15 seconds of. joy and happiness and a halo around top. of my head and yours now the horns come. out we paid off a balance of a card but. we immediately put $438 on this card. it's not an excuse I'm I'm just going to. tell you why it happened I after my.

breakup I kind of like I didn't spiral. but uh the opportunity arose where like. my best friends were like hey do you. want to go to Puerto Rico and I was like. you know what I'll handle my debt when I. come back I 12% death private student. loans let's go to Puerto Rico yeah um I. paid the balance off and I had all. intentions to keep balance off but what. ended up happening was I me and my ex. were living together and my insurance. was was based off that address and.

because I couldn't provide proof of. insurance my insurance went from $220 to. over. $500 so insurance is back down to $0 and. something dollars but you moved back in. with the fam if I'm not mistaken correct. yeah I was paying like 12250 in rent and. utilities prior yeah you don't really. have a choice but now I'm paying like. $200 in rent and so on here's like 438. bucks still right no it's 390 something. so $400.

okay. great okay yeah. $400. okay fun fact no more trips to Puerto. Rico man yeah buddy you can't even. afford to live right now can't even. afford to live right now Puerto Rico is. not I'm sure Puerto Rico is great I've. never been maybe. someday not when not having a fully. funed emergency fund not when having. nothing in retirement. yeah $35 minimum monthly.

payment oh it's I mean the limit's at. 500 dude it's at four. okay all right yeah all pretty high. utilization and of course what were we. doing we're getting some meito Licor Rio. and a Mexican restaurant and mojito. Licor Rio again Churches Chicken airport. convenience and Cowboy Chicken very. important stuff that are needed. Foundation core Foundation core. edu um.

so that's actually something that I also. wanted uh well have to bring up it's I. did it again it's a $2 med school Court. um course what what the you doing a. grasping for straws no. you're so um that's a zero in a med. school course it's it's so it's provided. through aan Health Advent health is like. I think they have one here like they. have a couple here Advent Advent health. um so it's a really big Private Hospital.

in Florida in Central Florida and they. provide schooling um since I don't work. for them schooling for what though what. is it accomplishing it's a EKG monitor. course um it's 0% interest I do ow. 1750 um it's 0% interest and it's going. to be $100 a month starting 90 days. after January. 1st that also causes me a bit of dilemma. how much is o total again uh.

1750. okay okay you're just you're just. sending me down a road of emotions so I. don't want. to sure that's 0% Finance but then you. also did like your $250 minimum down. payment I'm thinking uh yeah so it was a. down payment on a credit card that has a. 27.24 per interest rate fees and. interest this year so far of. course Wally World got a card for it.

Capital One Walmart why do you have a. Walmart card my friend so this card was. opened um as well as the sa one card. which I'm sure is going to come up. either next or after the next one is. um this one specifically I had to open. because I didn't have an emergency fund. I got into an accident and um it was. considered like cosmetic damage um so I. I'm technically at fault cuz I was. changing in lanes and um when was this.

uh like it was a while ago like almost a. year ago maybe actually a little bit. over a year not having an emergency fund. is an emergency um so I opened this card. and um I had to pull out um essentially. like taking out cash like a cash advance. um and I just haven't I've been. distracted and not really focusing on. paying it off but that's the only reason. why the card exists um aside from that. the same thing on the saver one card is. just that the reason why the the balance. is so high on the sa one card is because.

I then had to fix my breakes which was. another $1,000 cuz it was so bad my. rotors were grinding. down yeah. yeah did the minimum monthly payment $31. of Interest was accured the balance only. decreased by $1 yeah that's also. something that I just recently noticed. cuz I haven't been that your n just not. making progress because it's at. $78 of fees this year so far and.

$34.20 of. Interest okay save your save your card. mhm that's the one that I was just. talking about with the whole breaks and. the cash advance on the accident I'll. tell you what's not an accident hitting. that subscribe button cuz we're trying. to get to a million subscribers thank. you to everyone who has subscribed thank. you for subscribing for a year now. thanks put your situation on.

display cuz other people are going to. relate to it there's other people that. are like I don't know what to do in life. right now and they're taking out debt. getting because they don't have an. emergency fund and the cars all the time. and you need a car and then our car. driven infrastructure so it's just. like I appreciate you for that hopefully. we get you to a better situation but. until then. 27383 on this card with a $85 minimum. monly payment $58 and a cent of Interest. Ur in just the last month alone only. making the the minimum monthly payment. of course the balance decreased by only.

like 30 bucks even though you made $88. payment interest. 24.99. $595 of Interest agreed this year so. far it sucks yeah sucks it is what it is. you did it okay here we. go okay so here was a card that was uh. basically paid off and then you put 69. bucks on it now I'm assuming this is. paid off good. but uh again why are we going and.

getting liquor for 70 bucks when we have. two credit cards we can't pay off. actually three credit cards we can't pay. off. now financing a medical program that. we're trying to do for something you. probably don't even want to do and we're. not going to do and you have no interest. in doing I don't even know cuz who knows. and private student loans at 12. death. per interest rate at. 27,31 which is 12% of your take well not. even take home your pre. yeah but you're not paying your taxes.

okay okay I'm actually W2 the taxes do. come out of my my paycheck you just. don't but you don't claim oh well cash I. mean yeah so it gets taken out of your. you know $3 an hour or whatever it is. it's actually $8 an hour $8 an hour is. wow the reason it's so little is cuz you. work two days a. week $102 in interest this year so far. $50 of. fees we have all this debt we're not. into the liquor store every second of. our life and by the way two statements.

now three liquor store trips within a. month I I want to go ahead and preface. by saying I'm not an alcoholic nor do I. drink a lot it's just that not. suggesting the the month of October I. did go to a lot of events and with that. being said I didn't want to show up. empty-handed it's not it's it's not an. excuse yeah you should show up to events. without debt is what I say yeah or else. we're probably not going to the event so. we're going to work instead of working. two days a week we're working seven. now you just take out these insane.

interest rate loans at stores like so. I'm guessing this is a firm or something. um yeah so uh it is a firm the one from. Best Buy is um the the larger balance. one um during the end of my relationship. I kind of was like realizing what uh a. couple of like my wrongdoings I had. bought a TV is that what this is yeah um. a TV at. 35.9% interest yeah must be a great. it's a Sony it's pretty nice Sony what I.

don't I couldn't tell you the exact is. it ol uh I believe so yeah it's. um. uh it it was just like it was impulse. like my ex wanted it and I was like you. know what so then you finan it at. 3.98% with $102 minimum monthly payment. lovely you've paid 392 at this point 225. remaining with payments of it's uh 75.

bucks living your month living your life. minimum payment to minimum. payment it's the American way you're. living the average American I'm I'm. making sure I dig in on your situation. just so you. know for the true first time in your. life how actually bad and devastating. and how much this is holding you back. because I want you to succeed so bad you. know how you know how cool it is. whenever I get updates in the private. Discord from guest or emails when. they're making progress that means.

people have come here sat at my table. had a conversation with me and they've. improved their life you know how awesome. that is it's insane first we need I need. you to know just how bad this is what. kind of situation when you got yourself. in this is if you watch Kitchen. Nightmares this is the point where I'm. going in and I'm smelling the old moldy. food and I'm throwing up I'm throwing up. at your debt right now let's get you to. the better spot love you Gordon Ramsey. let's collaborate we do love Gordon. Ramsey no no way he knows what this show.

is but I do love you Mr. Gordon Master Chef is my show but okay. and then an Amazon Amazon airm or. something uh yeah it was nothing dude it. was like $100 so this this was for. honestly me getting this affirmed was. like I think I had like rent coming up. when I lived with my ex you have rent. coming up and you can't afford rent do. you then go buy this I could afford rent. I couldn't afford rent and the bar.

exactly so do you go buy this no sorry. sorry that just kills me that just. logically like I felt a worm in my brain. nibble on me a worm of stupidity from. that kind of thought I know you. recognize is dumb now so I don't have to. dig into you as much. but that one cuz I know there's people. out there who still think that right now. people have been on the show you bought. stool benches uh it was bar stools it. was a pair of two bar stools it was. honestly I'd purchase it again I.

wouldn't affirm it obviously cuz once. those affirms are gone there's yeah. necessary to survival isn't it $47 the. remaining okay. $. oh oh it's a $15.95 mhm monthly payment. okay it's a lot of debts now this was. insane okay so the EKG we already went. through that mhm you borrowed from your. Grandpa yeah um I'm sure that I I'm I.

mean I don't think he cares about the. fact that CU he probably loves you but. like even still though shout out my. grandpa he's the best. um I the whole owing the money to my. grandfather is like a thing of like me. personally I just want to make sure that. he gets that money back um yeah how. old's your grandpa um mid-60s okay yeah. young Grandpa yeah yeah my parents are.

young my grandparents are pretty young. for what grandparents are um yeah um he. never he's never once was it for brought. uh it was for the down payment on my car. so that like that's literally the only. you know what you know what's. interesting before I got my together I. borrowed a similar amount from my. grandparents really my grandparents for. a down payment on a car yeah my cars. this is very similar paid off um the. only thing that I did have help with was. the 15 uh it was 2,000 initially I've.

given him $500 since then actually this. is this is kind of exciting I didn't the. the affirm stuff wasn't around when I. was going through messes so trust me I. would have been a worst mess if it was. but pretty similar um I had Sally May. private student loans which is you have. it she's a uh yeah and I I borrowed from. my grandparents for non payment a card I. had a few uh credit cards that were. close to max out our situations were. very similar U Mine was slightly worse. technically because I just had more debt. itself but man I got out of it I turned.

my life around well before YouTube you. know and well before I made a good. amount of money you can too you can too. and this that's actually just that. clicked to my brain it's like I will say. that I am very hopeful like I do think. that uh um I don't know it's just a. position of like the idea of who I want. to be as an adult um I feel like my. finances are currently playing like a. big role in like me not being that. person mhm and I understand like. everyone's a work in progress but I do.

but this last year you haven't really. changed anything yeah or maybe you. haven't it was worse before um so I'm. going to go ahead and say this like my. breakup was a big part of the self-. evaluation and that happened like two. months ago so two months ago yeah um I'm. not sitting here saying like like this. broke with um she broke up with me but I. kind of understand like it was but that. that that I we were both very complacent. but it feels worse yeah feels worse yeah. I mean.

it do but it. do um I do feel like that's also like. played a big part of like my mental in. terms of like going out and doing things. and like now I feel like it's not like. formal but like the idea of like wanting. to go hang out with my friends and like. wanting to go like to parties or like. wanting to go just like hang out in. general it's like it's time to hang out. in the restaurant and make money and pay. off the debts and an amazing life yeah. and who knows maybe some cute Patron.

will leave you their number I'm not. worried about it they might leave you. their number though and then and I feel. like I'm okay with being single for a. little while I got a lot of stuff work. on yeah how long was the relationship. three years almost three years yeah. you'll need a you'll yeah I'm I'm okay. 295 bucks in checking account it's a. little scary you Zell out money like. nobody's business um so is that to the X. yeah um uh it's a long story my sister's. dog attacked my mom's dog over food it. has nothing to do with me okay um so my.

parents aren't financially sound I love. them they're great people when it comes. to finances they're not necessarily the. best most no emercy fun yeah no. emergency fun um one of the dogs the dog. who got attacked his eye was hanging out. and ex went to the vet with my mom and. um my ex was way better with finances. than I was um I can't speak for her. position but I know she's more. financially savvy than I was and she.

went with my mom to the vet and I was. current I was at work at the time and so. because there was no emergency fund the. Vets told my mom that if she couldn't. get the funds together that night they. were going to put him down so they oh my. God so my ex paid for it um my mom was. taking a really long time to pay her. back um and my ex never like pushed her. for it not that I like financing options. I'm just surprised they didn't have a. financing option there um my mom didn't. uh get approved for the financing opt. options due to her bad finances like it.

it was like stuff that still needed. credit approval and um so essentially. like when me and my ex broke up I told. my ex that I wasn't going to like force. my mom to pay her back so I took on the. responsibility of the debt um so that. was a combination of that and um I had. went to New York in the beginning of. June um it was for my uh cousin sweet 16. and what I gave her like like I um I had. still Ed her a little bit I thought you. were going to say wedding I would have. been like no no no no sweet 16 who gives.

us closest cousin that's awesome maybe. don't have debt then you can buy our. Pony someday yeah but yeah that's that's. what the zel is and then um aside from. that all of the zel transfers um I use. Wells Fargo because um Capital One. doesn't have the best ATM system or kind. of like a non-existing ATM system. because they're an online bank so. essentially what I do is I get paid in. cash nightly um and then I immediately. go to the bank and I deposit that money. and then Zell it to myself myself so. that's the only reason why they're so I.

I know you're not going to highlight. them cuz they're coming in not going out. but that's the only reason why zel comes. up so. much go there should only be like a. couple zel going out well there's quite. a few so that makes sense and I respect. you paying that off that that was the. right thing to do that was the right. thing to do not the right thing to do. Taquito McDonald's we have apple bills. up like crazy then to kitos and apple. bills and Amazon and Cara and airm. Studio Movie grr Castillo tours for $138.

probably can't afford that tour whatever. the that tour is some potential taquitos. and seafood and movie house I or or. Studio Movie sorry that I mean that's. $37 that should go towards Sally M Apple. Bill Apple Bill affirm Kitty OSHA's. Irish Pub SeaWorld don't need to be. doing SeaWorld When Sally May is there. French wine kios tudo. Italia zelling out money Regal IL legal. bar spice Road uh bar lake glaz porella.

lake bua Mexico Pavilion Joy of. TI Pizza Hut affirm affirm Hulu. zumz zaling out money Hollister. Hollister Express Popeyes I bet you had. clothes did you have clothes did clothes. exist clothes existed okay not nice. clothes well I don't give a about that. that's how there it's not nice clothes. anyway I'm not going to say that this. was unique month because why you need to. look like a little twink 10 years ago.

for when I'm this is off for the the. Puerto Rico trip and it like I find way. to SP spend money this was just the way. to spend money yeah yeah you do all of. this stuff was for the Puerto Rican got. a super tight shirt and then you went to. Popeyes so that it wouldn't. fit H&M taido American Eagle outfit zel. zel Asian. cowo some past retail ta Chick-fil-A uh. the p is um that's.

tools okay it's expensive Roku I can't. speak for everywhere if you lived in. Austin I would say you didn't need to. take no uh so I can tell you straight up. that the commute to my job would be um. it would be twice as long without like. you're talking about the difference. between 30 minutes to an hour and 15. minutes come you if I didn't take the. toll. road normally I would say h okay but you. probably could also just wake up earlier. yeah you could I mean I $50 doesn't make. a break but it's all this added together.

and you're spending money and money is. just going other places because you're. not sacrificing because you're not. actually taking care of the debt that is. holding you back oh okay so I see the. zels now those are all zels in which we. were in Puerto Rico and I was zelling. somebody my portion of like dinner or. something like so it's more eating now. okay z z Asian the past thing. Chick-fil-A Roku Champs because let me. guess you did not have shoes uh I didn't. have sandals and we went to the beach I. went with Vans and only Vans sandals uh.

they were Crocs really nice Croc this is. where I go yeah exactly this is where I. go to Amazon and get me a. $10. sandals my friend actually bought 10. like $5 sandals from Walmart right prior. to that lot Burgery St terrible Burgers. U mini donuts and there's more tolls. dude that's 100 bucks now Zing out so. eating out zelling out eating out. zelling out eating out zelling out. eating out getting some pizza zelling. out eating out. what the amount of money you're spending.

itself also um I'm just going to go. ahead and say this I never really. realized how much I was going out until. you're reading the statements yeah. that's how it typically works that's why. I do it that's why I do it it's not. necessarily the most entertaining part. of the episode but it's very important. to do it's very important to do you're. you're going crazy with your spending. you're miscellaneous Taquito bull. spending 20% of your spending 20% of. your spending do you also believe this. also uh bull food going out to eat an. additional 23% so now we're talking 45%.

45% of your spending went a. bull minimum. 45% unknown shopping this we don't know. if it's bull or not it's Walmart it's. Amazon you don't know it's probably bull. the way you do it um I'm going to go. ahead and Chu it up go ahead yeah no. because uh so now 55% 55% total. lovely yeah we could call other. purchases let's see oh they're zelled. out and we know the zel out other than. the thing you should have done which is. great all the zel out we're eating to. eat so I'll uh say the majority of that.

was paying back Mom uh paying back uh. ex-girlfriend. for Mom yeah I'm going to round it up to. 60 then 60% went to. 60% how much went in debt. 11% 60% to. bll 11% to debt. that's choices man that's you saying.

you're now in me existing getting that. little reward the dopamine hits is much. more important in this exact moment than. taking a temporary sacrifice as you even. said at the beginning for decades. decades and Decades of your life you. have left that could be so much. better it's you choosing that you're. choosing that right now man you have. control you can live a better life just. comes down your. discipline and of the money that came in.

you're lucky you're lucky another reason. you can afford things you got your tax. refund of 1,400 yeah cuz someone doesn't. claim his money no no no that's not why. it was because I didn't get a stimulus. check so that's why that number would. not be that if you um no uh my stimulus. brought in. $11,200 it would probably would have. been yeah yeah I get what you're saying. I would have paid way more in taxes. because I would have been claiming my. cash why should the refund may have been. the same because it would have been. taken uh well well it depends I would. have been paid out less yes exactly I.

understand that but I wouldn't have had. to like pay back. taxes these are very important rules if. you want to live a good life and you. just don't want to be a these are the. good rules you need an emergency fund. rule number two you're breaking that. does that fit in the budget no 60% was. doesn't so you're breaking. number one and number two don't hold the. credit card balance breaking number. three I actually brought my credit cards. to cut up to tr good do you have a car. uh I do my have a car alone good good. you're not breaking rule number four um.

I will say though um live some place you. can actually afford you're living with. family you're doing good with that stop. around with work rule number six you are. fing around with work rule number six. this is a very important rule for him. that's why we have this rule book and. get in the description below you're with. work dude you're working two hours a. week two hours a week at a job that is. not making you as much as you could make. because you just keep bailing on. everything you try to do and you just. don't Focus up on what you want to do. you take these different programs you. sign up for.

everything you're with work to speak on. like the work position speak. on I the reason why my work predicament. is what it is is because I make a decent. amount of money like I'm bringing in. $3,000 a month on three days a week of. work um I get scheduled two days but I. try to pick up anywhere from two to. three extra shifts and if you can't you. get another job as well but um we just. recently went through slow season so. like I pulled in almost how was that. slow season winter's not slow season uh. no we're coming out of slow season so.

like so Summer's slow season no uh. September like when kids August late. August to like mid October is the slow. season for restaurants everywhere not. just where I work because parents are. going back or parents are are like less. likely to spend money the the the I'm. sorry just Interruption the context is. because I know where you work we're not. gonna say it uh but I mean that's why. that's why I was so confused in the like. the the restaurant industry I mean that. specific it's a special place yes it's. but it does have downtimes I still make.

decent money for restaurants because of. where I work but the restaurant industry. as a whole slows down drastically from. like mid August to Mid October how is. that place in the winter though um is it. going to pick up it's brand new so um it. it should because it's it's very. it's it's very unique in what it is R. number seven school can be. cool this is just you got to do it right. man and you've not been doing it right. you've been signing up for every program. you're the first one to Break rule.

number seven since we've created this. really yeah cuz you're just doing. everything and everything you're taking. every certification you're doing. everything you're borrowing Sally May. all this. around it can be cool you're doing it. wrong so you're breaking what five six. rules out of the how to not be a. list want well yeah yeah retirement is. re cancel your. subscriptions I didn't see a ton of them. but that's rule number 10 uh I do have a. couple. well not. anymore.

H all this debt see this no more all. that did not work no more none of that. spending we could have just pretended it. did but but. yeah okay okay I get the symbolism we. can make the budget we can do all this. and I want to it doesn't matter if you. don't stop around if you actually take. control are you going to even though. you've been watching this content for a. year and that's what last month looked. like are you going to actually for the. first time in your life actually give a. and actually take control and not.

end up towards the up list yeah 100 I I. can say that with 100% confidence and. and like also like to preface like the. whole me watching the show thing um I've. been watching the show for a long time. and the me watching the show was not the. thing that like made me say oh yeah let. me fix my situation it was the more. recent stuff and the breakup uh yeah in. general um I was knowledgeable about my. predicament being bad I wasn't um not. necessarily driven but focused on it um.

I do feel like I said earlier like. there's a certain interpretation of who. I want to be as a person and tell me so. I want to be reliable like I want to be. someone that like can be counted on I. want to be somebody who um not only. looks like they have their together but. like has their together like I don't. want to be a typical person that's like. like for instance I love them great. people again like my parents like. they're not the most financially sound. um and I want to be somebody that people.

can come to for advice or like. information or like lead as an example. to say all right this is. what like what I should be doing. essentially well I do want to say I mean. you made a step towards that uh paying. back your girlfriend who helped make. sure that that dog wasn't put down that. night that that was a big step that's a. responsible shows your responsible it. shows that you know you have the. maturity inside of you so we just need. to harness that energy um I will say. like I think it's definitely been like a. discipline thing a combination of things. like I know it's a lack of discipline.

it's a lack of like a big thing is like. fomo like I hate missing out on stuff. and then like going to work and then. like I said I work two days a week a lot. happens within those you know a big fomo. though I'll tell you this edging towards. 60 everyone else is retiring around you. and you're dying at Walmart and dying on. the. floor MH that'll be a pretty big fomo. everyone else is going on their. retirement vacations driving topless. Corvettes sure and you know maybe the. people they're driving with his topless. too maybe this is an amazing day maybe.

retirement is fantastic can't wait but I. actually say that too I mean I know my. retirement's not looking too hot but. well actually I didn't have a statement. for it what's in retir there's no. retirement but I'm saying like yeah. that's not too hot yeah that's yeah okay. if you're going to use a card man use. the Fizz card I I even exra say that for. you because the benefits are geared. towards college students I just like. them and I like partnering with them. because I know everyone on the show you. want to use credit cards you want to. build credit so so at least take. advantage of that I'm going to be 100%. honest with I'm probably not even going. to do that just cuz I feel like you do.

you like I feel like my credit isn't. going to help me with anything. particularly right right now but that's. what I'm right now I feel like I'm more. worried about the debt as opposed to me. fixing my credit oh I was just going to. capture your rent but you don't have. rent do you give your family anything. okay and then you don't add anything to. utilities or anything either it's $2. good that's going to save you it's going. to save you my goodness how does the. grocery and food situation and uh. preparing meals work at the home um my.

mother cooks dinner and I do have the. option to eat it but typically uh I've. been like trying to like lose weight and. like get into shape so I've been like. cooking for myself healthy meals um a. lot of fried stuff cuz I'm Puerto Rican. and Puerto Ricans eat a lot of fried. food. so balancing the health balancing with. the food okay uh so can we say $200 a. month on groceries where that gives you. the food options to cook when something. is unhealthy and then eat what is. prepared and healthy when she makes that. um also portion control helps as well.

but I know it's not as easy as that kind. of like been meal prepping in a way so. like okay 300 I'll give you the. traditional. 300 that we have proven works for a. single individual yeah and then I'll go. ahead and promise that if there's any. excess balance I'll put it towards my. Deb damn right toilet paper anything to. keep you alive getting you 50 um I do. buy all of my toiletries this is. everything you need for yeah surviving. I'm giving you 50 though.

okay I'll give you. 75 okay. gas that's steep um well honestly it's. not that bad um gas was really expensive. in Florida at some point in time but now. it's starting to go back down um I'll go. ahead and. say say I do like $40 a week. oh yeah so like. 160 that's not I mean it' be one Tony. but oh yeah yeah yeah sorry no it's okay.

um no how $40 a week There's four weeks. in a month it'd be. 160 I'm the dumb one public math is hard. on the. spot you all right you're all. right okay so 160 for that car. insurance. two. 20 I don't know if it's 220 or 228 I. just recently switched 228 but yeah I.

was with 100 for tolls H yeah that's. perfect we'll see if that fits in I know. that it's it's probably would still be. like i' you're going to have to do the. math yeah I've been told well the thing. is that I've been told math wise it. makes more sense to like take the toll. maybe but I've never I've never fact. checked myself so I where prices are I. mean you're also putting mileage on your. car maintenance I mean you never know um. okay and. and phone. bill one I want to say 150 you pay for.

it right yeah. yeah how's health insurance right now. non-existent are your parents on health. insurance I couldn't tell you well this. would have been your last year to be on. their yeah no no no I was on my uh dad's. insurance I might honestly still be I. don't know if it gets cuts off at 25 or. if it's I think it's 26 if I'm not. mistaken no it's definitely 25 25 yeah I. I actually had a predicament in which I. didn't have to go to the doctor but I. chose to go to the doctor because I was.

in my last year of insurance and they. told me it was 25 I just don't know if. it's like cut off at the year of 25 or. like right before the year of 25 cuz I. was still 24 oh okay yeah um I do have. like some basic care through my job so. like I do get free therapy um but in. terms of like getting a physical and. like all of that stuff are you on any. medication no okay so I don't need to. put anything in for medical mm okay no. um I'd like to think knock on wood that. I'm pretty healthy sure uh no.

subscriptions okay I do have some. subscriptions no no no not the budget. not in your budget absolutely I'm I'm. saying like currently I do have yeah. they'll be. canceled and I got I I'm just I'm. checking that I might I'm probably just. I'm probably just brain no it is 26 it's. when you turn 26 that's when you fall in. the State of Florida uh no Nationwide. it's law when they pass the ACA I guess. I probably do still have insurance for.

another half a year okay even still man. I'd recommend it um it's going to be. hard you know you might be on the. exchanges at your my ex is doing like. public insurance and she makes a similar. wage to what I do and let's get you to. make more money and figure out a career. path that's what I want let's get you in. a place that offers a benefit um I was. going to ask you because I did have full. intentions to go through this EKG course. and I did want to get like you're. already paid for you better no I'm going. to complete it but in terms of like. getting a job the starting pay is like. $15 an hour and then like the max pay is.

like 18 how many hours though don't you. get to can can you work like 80 hours a. week I'm hoping it'd be a full-time job. um currently like so for instance me. going through the slow season I've only. really been able to work two to three. shifts um a week which has put me at a. little bit below 3,000 but when it's. busy I'm at an opportunity to make an. exp like a crazy amount more so like for. instance um I was. making uh $4,000 a month um doing like.

in in the Summers and that was me. working 3 to four instead of 2 to three. coming into the winter I should be able. to work four to five I mean just do. whatever makes mathematical sense but. also think of the career path that you. want to go on medical you can typically. Works an hour for prence my friend makes. um a similar wage to what I'd be making. in the EKG course and I make more than. what he makes currently working at the. hospital 4 hours if that's not in the. you want to go down then if I mean it's.

just it's really hard I trust me I want. to work I it's really hard to get. full-time where I work um no that's fine. so we get a second yeah okay anything. else in your. budget that I'm missing we. have rent food toiletries and G gas TOS. car insurance and. phone I at the top of my head okay well. I gotta get your debt minim monthy. payments.

obviously I'm G to put the 100 in. because that's going to start in a. second for the in a couple months yeah. so we may as well put that in for. Simplicity. sake couple months goes by quick yeah no. surprise your. biggest holder of your budget is your. debt at $774 a. month which is. wild so you should have an extra th000.

hours left over man it should be a bit. more than that what do you have my. budget at. 1,987 no that's not. right I make let's see 774 which who who. you said how much do you have me making. a month 3,000 okay cool yeah so we're. right you made me delete that I'm sorry. before I could write it down I'm sorry. so my minimum debt payments are almost. $800. almost so you need in order to survive.

1,800. 1,987 you live with your with your. family so I'm going to take a more risky. Avenue instead of doing the one month. emergency fund like we normally do you. live with family you have a you have a. backdrop if you need to eat you can eat. their food they're not going to let you. die on the street I have a they're very. accommodating oh grandpa I forgot about. Grandpa how much is Grandpa uh 1,500 are. there like minimum payments or is it. just payback like I said I wouldn't be. surprised if he's totally forgot about. it you haven't no never could I ever.

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it's pretty cool okay so with that then. we're immediately going to start. throwing this 2000 or 1,000 we're just. going to say a th000 for the sake of. ease onto the debts starting now first. month uh the end of this month actually. since you'll have like 750 bucks left. you're killing discover and you're. killing Best. Buy um it's a question it's not like me. fighting you on it cuz I'll do that um I. was going to wait to pay the. affirms um L like why because they're.

the highest interest they're the high. the lowest bound so you may as well kill. them because I looked at how much I. saved it's literally like a couple. dollars I don't care though it goes with. the Avalanche and snowball method at the. same time so you may as well kill it it. was just a thing of in my head of like. the not even about that you're right. okay you're right cuz you're only it's. only getting a couple dollars of. Interest right. because I'm sorry. and you're killing the Amazon the reason. you do them is cuz we're freeing up.

minimum monthly payments right now you. free up the minimum monthly payments. you're able to start throwing that into. the other decks okay what were you going. to say no I was what I said is just so. like I think I saved like 7even bucks if. I pay off the Amazon a firm and then I. think I save like 30 bucks if I pay off. the and that's without the payments that. I've just we're freeing up minimum. monthly payment and we're taking care of. 35% death Insanity interest rate okay. Amazon best by Discovery paid off by the. end of this month this month this month. paid off not a question so affirm and.

Discovery yep. okay. cool next. month Walmart Capital One. dead and $500 uh wait well no we're. going to save Grandpa to the end $500. will be thrown. [Music]. towards wouldn't it be the save. one maybe medical school is next than. snowball but that doesn't necessarily.

make sense it doesn't have any interest. I know when does interest a crew on it. it never does so it's $100 forever no. interest okay Min payment until it's. paid off so we put that towards uh Sally. May next then Sally May $500 is put. towards it and that's the end of month. number two we're making progress quick. man quick because you're actually taking. control of your life for the first time. in your mother life so this is great. this is incredible this is awesome for. the first time time ever cool 2,000. hours left uh oh sorry okay I read Sally.

May is $2,000 not. $227,000 never mind okay yep you threw. the 500 towards the. [Applause]. Savior. wonderful so month number three. then month number three we should be. paying off the Savior. card just about little hangover into. month number four little couple bucks. cool month number four because the Sally.

Mason I'd love to pay off grandpa but. because Sally is insane uh I had full. intentions to pay him off like uh cuz. this is going to make bad uh well no. it's something in which and why I would. want to pay off the Sally before my. grandfather as well he actually. co-signed for me on that loan so the the. debt is also in his name just as much as. it is it just as much as it is in mind. so absolutely yeah AB absolutely good. call $25,000 left at that time probably. we'll see I don't know okay so throw.

in um do you know what I did wrong. no I'm assuming something that's going. to no the Situation's been going way too. fast because for some reason I was. throwing what your monthly budget is. towards it not the extra thousand Okay. so well but that's okay because we can. easily MCH say it takes twice as long. tce as long so we're headed into month.

number six. now well no no because we were headed. into month number three so it took two. months so four months so we're yeah. eight cuz you had hangover from month. number three into month number four for. my sa one card so quick math one second. no see that's what I thought you uh 4. and a half months from now so I'm. calling that uh a total of this being. being one month this is going to be the. half month so four months from now so. we're going to be starting let's call.

this month. one it's going to take five months we're. starting month number six now okay month. number six now month number six we've. taken care of Capital One discover. savior Best Buy. Amazon. okay so you'll have a little extra money. left over not too much I mean we have an. extra couple hundred bucks we can start. throwing towards say $25,000. divide that by let's call it 1,200.

now 20 one months and that's where the. don't with your work how to not be a. rule applies here you need to make more. money we're getting a second job if you. can't get enough hours you're doubling. your income it's really not a choice I. want this to be paid off in a year once. you start it mhm not two years okay so. that's what I need you to do if not now. we're we're uh two years and almost a. quarter into this process and we can. finally pay grandpa off yeah.

unacceptable MH I need you to get year. and a half year and a half you're. through all the credit cards and the. affirms and Sally May year and a half. sacrificing everything living with your. family not spending any money on fun you. can go have fun it's free swim in the. ocean you're pretty close to it not. super close no I'm not pretty close. compared to most people well Orlando C. Flor what is it like 3 hours. less actually there you go you're close. to an ocean close at all dude I'm from.

the Midwest you're close to the ocean. wild oh my gosh you're close to the. ocean it would have taken me 12 hours to. get to the ocean where I'm from 3 hours. now but no one likes going to gston not. to swim I don't tell you what gavon is. nasty never heard of it nasty. water um okay that's what I want you to. do is a year and a half I want you to do. it or you can send this to two and half. years that doesn't make sense. though I would like to get it obviously.

done sooner rather than later um so I. agree with you on that front. um I do want to wait until after the. winter to get a second job just because. I know that this is a big opportunity. for me to make. a a lot of money out no that I don't I. don't think you heard what I said if you. can't get the money at your job if you. can't get the hours at your job you get. the second job work as much as you can. at that job you're picking up extra if. you're not getting it okay you're. working well how many hours a week are. you going to work oh five shifts so.

anywhere okay so go pick up two shifts. somewhere else okay you don't need to. have a life right now man you really. don't you're just broke up you're taking. a break anyway so if you're hooking up. with people that's going to take like. two hours of your time cool great so. like just work mhm work yeah you may as. well for your future yeah it's worth it. man I promise I again I was in worse. death than this I was in worth death. than this I sacrificed I sacrificed.

hard life well before I started YouTube. fantastic incredible yeah because I. actually sacrificed and did what was. necessary mhm do that now yeah and then. pay your grandpa off I would minim a. monthly payment the little Med thing you. took out until it's paid off after that. you need to get a fully Fred emergency. phont of whatever your apartment because. you can move out at that time we need to. start thinking about careers too ah oh. there's we could talk for another hour. just on that um um I've done a lot of.

like career aptitude tests and like I've. done like I know but then you just. randomly go sign up for other bull I. think yeah that's 100% correct I don't. disagree with that I just feel. like I can't really see myself not see. myself doing anything cuz I know what I. like to do like I do like talking to. people communicating I do like um like. presenting myself in a professional. manner in a social setting okay the. problem is is that I can't see myself. doing anything to where it's like if you. like talking to people why do you think.

you're going to be bad in sales I went. through the whole um not the whole. course careers things but like halfway. through I kind of realized that there. was a lot of aspects about the job that. I'm not like like too comfortable what. about sales in general outside of tech. was it the tech component uh no it. wasn't the tech component it was the. sales component like I don't like the. idea of having to like pester people and. like go back like three four five times. to then sales. yeah it's I'm not afraid of like hard. work it's just the I don't want to. inconvenience anybody by like being like.

hey I know I've talked to you four times. but here I am another week away talking. to you a fifth time you know what I mean. like that's not something in which I. feel comfortable doing I will say this. and this is a light but I mean sometimes. I mean yeah you're right you could get a. job and you know you're selling and that. sucks but you could get a job where. you're actually selling something that. is like helpful and good yeah and if. you're pestering and you actually make a. sale in that that could be something. that's actually beneficial to that. person so it it doesn't all equal bad. yeah you're right there are some that.

are I just feel like that component is. there whether it's a good part product. or not the way I see it is like so if I. have something that benefits your life. and I do genuinely feel like it'd make. your company a better company or I do. feel like it it'd be positive addition. to your life if you don't want it for. yourself I don't want to feel like I'm. like what about customer support I could. do that like work work and customer. uh maybe a certification customer.

service mhm like you don't need that to. get an entry level customer service job. but what I would want you to get on is. not a temporary customer service job. it's to get into the door in customer. service and start making your way up. yeah customer service manager start. looking at something like that if you're. a people person if you like working in. the professional setting if you like all. that it screams that if you like helping. people it screams that yeah customer. service isn't the you know call call. center Tech job for seven bucks an hour. that's not what I'm talking about so I'm. talking maybe maybe looking for a. certification for that not that I want.

you to go get your millionth. uh but that might be worth something. considering. yeah going to say. G you need to think long and hard about. that what I need you to do and you can. do that while you're doing this but what. I need you to do now is take care of. this debt for the first time in your. life get a six-month emergency fund then. you have nothing in retirement at 25. that's terrifying you need to start. contributing 20% to retirement after you. get a fully footed emergency fund and. all bad debts are paid off yeah do that.

so you have a chance a future um I will. say um the company I work for is opening. some newer restaurants so um this new. restaurant that I just like was a part. of the opening team for I was hoping to. get fulltime out of it and it just. didn't work out that way um so there's. going be another opportunity for me to. get a full-time position I'm actually. like like trying to like study wines and. stuff like that and um all right en we. just found another well no no no it's.

not I'm already in the profession of. serving so I could see myself being a. full want to do you could see yourself. doing it there's an option but you took. all those other things cuz there're an. option what do you want to do I don't. know I couldn't tell. you okay it's my it's been my lifelong. question since I've graduated high. school you discovered through uh career. quizzes that maybe HR and stuff like. that but you just don't want to do the. college necessary yeah that's exactly it. you've accumulated a lot of credit hours. over the years have you not. um there's like a good two or three.

semesters where I just gave up halfway. through so I'm I'm like right at my. AA in General Studies so I would then. need to transfer to a bachelor's degree. and then do whatever prxs are required. there which I mean for communications. probably wouldn't be anything. crazy all right man that's something. you're going to have to you know take. your own path on you need to think long. and hard don't just jump at something. though any opportunity especially when. it costs money don't just jump at. something just because it's an option no.

more of that I thought I learned that. lesson with the whole UCF cyber security. thing and then like the medical. opportunity presented itself and I was. like boom that's what my identity is. going to be for the next few months and. and I'm ahead in the course but it's. just a matter of whether or not I want. to pursue it as a care good when you cuz. I want you to get in the career path so. you can start investing as well because. I mean that's that's the scary part is. cuz right now you have nothing and. you're losing the best decade of you. know compound growth and like it's not.

complicated either. like man you take your 401k you do like. a Roth IRA and once you max out out all. that stuff out if you don't even want to. think about it you can just like throw. money at Vora you know I've started. putting money in there and I get a 1%. match after a couple years of vesting. it's it's good stuff man it's good stuff. and I need you to take advantage of that. but there's so many steps we have to do. first so focus on the now yeah focus on. the now the now get out of that get a. fully FR emergency F yeah sounds like a. plan any questions any final thoughts no.

uh no questions I guess I just want to. say thank you for the opportunity um. it's been a first of many for me to come. here like it's first time traveling by. myself with no other like Partners or. siblings or anything like that um so. that was like a new experience this is. the first time I've ever like exposed to. like a camera or film so it's also a. pretty cool experience and um I do. genuinely want to fix my predicament so. that's probably like the biggest thank. you for spending in a budget I mean come. on 60% going to both when barely any's.

going towards debt that's a zero out of. 10 hard strict right there debt as bad. as you can get without collections or. IRS debt so one out of 10 emergency fund. there's nothing 0 out of 10 Cham savings. there's nothing 0 out of 10 real estate. there's nothing 0 out of 10 so that's. going to be a hammer Financial score 0. out of 10 make sure to check out all the. resources Linked In the description. below like the budgeting course and. other resources that I personally use or. would use in specific situations thanks. to all of our patreon producers for.

making this episode possible if you want. to participate in an episode of. financial audit and you're able to make. it to Austin Texas please fill out an. application in the survey Linked In the. description below you can also send a. link to your friends or family who you. think might be good to be on the show if. you have any questions you can email. casting cop hammer.com.