Her Dad Threatened My Life | Financial Audit

You know whose idea was it? Who do you. talk to about this? My mom. Call the. mom. Pops. My dad. Okay. Okay. Hey, dad. And. then you have access to her account and. social security and everything will get. ripped. You know what? You messing with. the wrong person. I'll just let you. know. You got will get busted. I just. telling you. So, you are the good. Samaritans in the internet. Hi, my name is Jennifer. I'm 24 years. old. I'm from Fort Worth, Texas. And. this is Financial Audit. Thanks for coming down from Fort Worth.

What do you do for a living up there? Uh. yeah, I work uh in insurance. I'm an. insurance agent. Um roughly like in the. DFW area. Insurance agent. So everyone's. favorite person I talk to in this entire. world. Okay. What are we making in this. position? Um I make about 53,000 gross. annually. Yeah. Okay. Is that are there. is there commissions or the bonuses? And. is it after that? No commission. There's. like no sales involved in my role. I'm. more of like a uh like entry level.

starting position. Sure. Yeah. So, how. we living off of 53 right now? How how's. how does that feel? How does life feel? When I first got when I first got the. job, I was living pretty comfortably. Um. I like was able to afford rent. I was. able to go out with friends and stuff. Um but in my situation currently, I'm. struggling. Why do you think you're. struggling? I mean, 53 is not terrible. out of the gate. Is it a single. household income? Yeah, I live I live. alone. It's just me in an apartment. So,

so I I can definitely see things being a. little tighter, but um you're not. horrendously far off from being near. that minimum median household income. Uh. now, Detroit Fort Worth, you know, it's. not the most expensive city, but it's. certainly not the cheapest. You know, you're definitely getting a little on. the higher end. So, I'm not saying it's. like easy to live off of that, but why. are things struggling right now? I'm. curious. I live like in a pretty nice. part of town. I want to say I kind of. moved on up. Uh I tried to like get out. of uh living in like a rougher area, so.

I moved into the city and uh my rent is. like pretty pretty high up there. It's. it's the most I paid since I moved out. Um but I just wanted to be closer to the. city, closer to work, have places to go. hang out with friends and stuff like. that. Okay. Do you. prioritize fun? Is fun prioritize for. you versus getting out of that? Um, not not. I mean, I like to go hang. out with friends, like try new places. and stuff. There's a lot to do in.

downtown, so I like to go check places. How close are you to downtown? Pretty. close. I can literally walk like I have. pretty easy access. Pretty expensive. Yeah. Okay. So, on the income side, what. we had was 3,200 come in. Does that. sound about right from payroll? Yeah. A. month roughly. Okay. What do you think. was spent? Well, um I don't know like between rent, tuition, and stuff. I My other spending. is like tuition. Yeah, I'm in school.

Oh, really? Okay. What do you study? Uh. business management at TCC. Management's. good. Okay. Very cool. Yeah. I I don't. know. I just kind of got into it like. recently in 2021. I went back to school. because I I I dropped out like at 18. and I didn't really know what I was. doing and I got into my field and I was. like, you know what, I kind of like. this. I want to pursue like this degree. So, I got back into it and I've been. doing it like on this like part-time cuz.

I work full-time. Well, as always, just. like anyone on this show, I'm happy to. gift you certification through course. careers if you want to boost up your. post college resume as well. But what do. you think you spent? Spent um again, payroll came in 3,200. 32 Yeah. What did you spend? What went. out? Well, I I I was What went out? I I. went uh to the airport, dropped my What. went out? Okay. Uh food. I I spent it on. food. What went out? What How much did. you spend? Like the the majority number.

How much do you think you spent? We can. go into details. What do you think you. spent? I think I probably ended up in the. negative. I had to pull like What do you. think you spent? the number number the. numbers. Okay. Uh what do you think of. probably like Sorry. $3,400. Okay. And that's what I wanted to know. So you thought you thought you were $200. over? Yeah, roughly. I I think it was. probably a little bit more. Well, what. then? What what what number what number.

do you think you spent? I I I didn't. really look at my account. What do you. think you spent? Just based on you. knowing your life, I want to see where. you self assess. This is important. I. like I want to say 3,400 35. Okay. Okay. So, you're thought you think you're two. to 300 over. Mhm. Okay. You're 1,500. over. I am. So, how how where are we in. life where you think you're only a. couple hundred over, but in terms of.

what came in through. payroll, 1,500 over. Mhm. How is it so. far beyond different than where you. think you are? Like what is going on? Where are you right now? I I didn't know. it was that much of a difference. Well, I I know that cuz you told me three to. 400. I really thought it was going to be. like like a couple hundred because Yes, that's what you said. But why do you. think Yeah, you told me the number. I. know that. Why do you think there's such.

a disparity there? Because I kind of. just just swipe the card. I use like. Apple Pay. Swiper. No Swiper. Um I I. don't know. I I didn't know it was that. bad. I I have people helping me out, you. know. So sometimes I People helping you. out. Yeah. What? Uh my parents sometimes. will like sell me if I need some extra. money. Do you need extra money though? Because you were over by 1,500 bucks. Mhm. Where did that extra 1,500 go in.

your mind? It helps with rent. Okay. What's your rent? My rent is like. $1,550. Okay, that's expensive. 1350. Yeah, $1,550. 1550 cuz you need to live next. to downtown, right? Mhm. That's where my. work is. It's It's pretty convenient. Not everyone lives next to their work. I. live 15 minutes away from here. Yeah. This is my business. I got walk to work. Like that's how close I am. I I think. it's pretty it's easier. And that's. worth spending 48 over 48% of your net.

income on. At the time, I thought it was. a good decision. I was like, I'm gonna. be saving money on gas. I'll be closer. to like downtown to do some stuff with. friends. That's fun. That's great. That's a want. And I want you to be able. to do that as well. I also don't want. you to spend over 48% of your income. I. understand. I don't know. Um, well, that's horrendous. So, how much did your. parents send to you? Like I said, they just kind of whenever. I sell in $104. Was that them? Yeah. sometimes like if I need uh my my.

parents kind of look at my account just. to make sure I don't go overdraft. Um so. if my dad usually is the one like hey. you know you need to make sure how much. so because in your application you were. so proud that you've been living on your. own since 19. It doesn't sound like. you're living on your own. Sure. physically but it doesn't sound like. financially. Yeah. If you're getting. money from the parents. Well a lot of it. is is coming from my paycheck. Like I do. work really hard to make sure I can like. afford the things. Sure. Then half of it. goes to rent because you want to live in. a walkable community. And I think a lot. of people want to live in a walkable. community. But because so many people.

want to live in a walkable community and. there's so few of them in the United. States because we've really built our. infrastructure around uh car. transportation meaning that those areas. are more expensive. But because those. areas are more expensive and it's still. a want deciding where you want to live. You want to be able to uh walk to work. You want to be able to walk to the bars. because you've chosen that. You've also. chosen the higher rent. That higher rent. for you ends up being over 48% of your. net income. I Okay. I actually I thought. I was doing like a service on myself. For sure, but obviously you're not. I. Well, the last apartment I just moved I. just moved out of this other apartment.

like 2 months ago. I And I was paying. more than that. So, I kind of downsized. in a way. It's a smaller unit. You're. paying more than that. No. That's is But. that's just idiotic to pay more than. that. Like, Right. Well, I was paying. like in the 16s. Question. If I'm. shooting up if I'm taking three puffs a. day, does going down from two equal I'm. doing a good job? It's an improvement. I. mean, it's You're right. That would be. an improvement. Still doesn't mean it's. good. Yeah, I I guess you're right. I.

understand. Um I just thought that at. the time, like when I was touring the. property, they they gave me a pretty. nice rate and I was like, why why do you. think that's a nice rate? Maybe for the. area it is, but again, for you, it's all. about your situation. I know. I know. And and well, here's the situation that. happened with the whole moving. situation. So, I had like went on a. tour. I locked in a rate and they're. like like this going to be 1,500. Would. you like to go ahead and secure this. unit? Put your deposit. And I was like, "Yes, of course. I want that one." By.

the time it came for me to move in, they. couldn't get me the the move in date. that I needed. So, I ended up paying for. two months rent in May. Okay. So, like. almost $4,000 in rent. That. sucks. But regardless, you still signed. a lease that's too expensive for your. income. You knew it was 50%, right? Yeah. Yeah. My Why did you think that's. okay? Your what? Your parents. My My mom. helped me. So, you're not independent. Why did you apply and say you're.

independent? Well, I just I just wanted to be closer. I just wanted to be closer to my work. and Well, yes, we know that. You've said. that. That has nothing to do with the. question I said. Why? I don't know. I. just I just wanted to live in a nice. place. That still absolutely does not. even come close to answering the. question I asked. Why did you say you. were independent when you your parents. are paying for rent? I saw accounts. transfer in $1,048. Is that them? Um, most likely. I I mean, nobody really.

So, you're not independent. Yeah, I'm not. But you think you are? Well, that's what I'm saying. like um. most of the stuff like that come like. like my bills and all that like my phone. bill my c like everything I pay for that. by myself. I don't know they transferred. in a fourth of your amount that you had. brought in a fourth. 25%ish.

really it's a large amount. Well, yeah. Let's say you bring in. $3,000. $1,000 comes. in out of of the $4,000 that would be. 25%. I guess I I I have like a problem. I. guess I I didn't really factor in like. all the times I was like going to get. food or something after work or grabbing. like lunch with a friend on the weekend.

So, your parents are subsidizing that. Do they know they're subsidizing that? Do they know they're subsidizing you and. walking to the bar? No. I mean, sometimes I still end up driving like to. the bars because it's like a pretty. popular area. Good. Good. Good. We spend. 50% of our income to be able to walk to. the bars, but yet we still drive. It's just I don't And if there's. anything that's good to drive to, it's a. bar where you drink. Well, yeah. I I. mean, I don't go crazy. I don't go like. super crazy, but I like whenever I'm. with friends, I'm usually the one.

driving. Um, I live closer to town than. they do, so it's just more convenient. Okay. I don't know. I just I just I. don't know. I'm that kind of friend. I. just go pick people up or I'll just uh. I'll spot them around. How much did you. spend going out to eat, man? Probably. like 3400, I want to say. I don't know. if that's right, but you overshot that. one. $22563. 225. You know, does your parents know. they're subsidizing that? No, they as. far as they What do you think? They.

think it's just rent. What do you think. they would think if they knew that? They. probably wouldn't be helping me out as. much, honestly. And it's being kind of. deceitful, though. That you're not. telling them when they're giving a good. chunk of money to you. Yeah. Is it not a. form of lying? Well, no. I mean, I they my parents are. willing to help me. They I mean, I've. Right. But they think they're helping, but really they're just buying fast. food. Well, I mean, they're also helping. for like a portion. I mean, there was. miscellaneous That's just.

other stuff that doesn't matter. Other. stuff that doesn't matter. That was. $817. That's basically what they give. you. I honestly think in this uh. conversation, you should ring them up. and tell them, right? If you're actually here to take. accountability for your life, absolutely, because you're around you're. around. And guess what? She wants to pull out of her 401k to. subsidize. Listen, that wasn't my idea. I my my parents were like, "Maybe this.

will help you." I was a little on the. fence, but I just kind of like followed. their advice. I didn't really know I had. that much in my 401k. So, instead of not. spending $1,200 on. combined, we're going to with our. retirement. Oh, we could just not spend. $1,200 on. Well, or we could retire. Interesting. H Okay. Well, okay. I thought I thought.

it was a good decision. I mean, they. kind of gave me advice, but I took it. I. went and made the phone call. I was. like, "Okay, this money will help me pay. off the debts that I have." What is this. already done? Yeah. I my the coming in. the mail. I I closed the account. No. How much did you have saved up? It was. Okay. Okay. Well, before they took all. the fees and the taxes and stuff, it was. like 10,000. 10,000. At 24, you were on your way. You. were on your way, dude. Let's say you.

you opened up a mumu account where I. just buy different stocks and stuff like. that. Let's just say that, right? Just. for an example. How much were you. setting aside on a monthly basis? Setting aside? Yeah. What was the. percentage? Um, how'd you get to that. 10,000? Like, how much are you setting. aside on a monthly basis? I honestly. don't know. like my my my job kind of. set that up for me. They like invested. in this stuff for me. Fine. Let's say. it's in let's just do 8% return. annually. Okay. Let's just say you're. setting aside a h 100red bucks a month. even 100. No, let's say 200 bucks cuz I.

think you had to been about 200 bucks to. catch up to about $10,000. You had the. initial amount of $10,000. You put in. 200 bucks over the next 36 years. So you. could take it out at 60 uh tax and. penalty uh well penaltyree. If it's Roth. then it would also be taxree. That. $10,000 plus the $200 a month and 8%. return on average would have gotten you. to. $675,000. But instead, we're taking it. out. Yeah. Instead, we're taking it out. so we can continue to spend $1,200 a.

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Here's here is my thought process behind. that. I that one that I closed was from. like a former like job that I had. I had. $10,000 going to your retirement. That's. But I have I have one right now with my. current employer. So I didn't think it. was a big deal. It's like 3,000. Yeah. You you you cut it by what? But I have. time. I have time to get No, no, no, no. That's the thing. That's the thing. You. just gave up. time that achieved it because that 8%.

continued to compound. Because that 8%. gets that gets added on to that 10,000. turns into 800 bucks that year, then all. of a sudden now we're at 10,800 and it. compounds every time on top of that. It. just gets bigger and bigger and bigger. and bigger. But you taking that out. You've gotten rid of time because every. single year you exist, you're getting. closer and closer to retirement. But. you've taken that out and now you've. taken away the best asset you can have. in your 20s, which is literally time to.

let your money grow. You've done that. So again, you could subsidize making. terrible choices. Let's get into your. finances because they need a little more. context cuz I got to remember we are. doing a show here. It's not just. conversation between us. Okay. Self. assess. Where do you think you are? Finances, zero being the absolute worst, 10 being the absolute best. Where are. you on that scale? I think I'm at like a. two. Okay, if you want your hammer. financial score, it is free. Link in the. description below. And if you think that. you're about to start pulling money from. retirement and you need someone to you.

about that, go to caleb.com/apply and. you can sit right here. Oh, this. discover balance is huge. So, the 10,000. would even pay this off. You said it's. to pay off that, right? Yes, that's. right. How did you get into a. $9,29 credit card balance by 24 years. old? Okay. Well, I took this card out. I've actually had this card since I was. 18. Let's discover it. Yeah. Everyone.

loves it as like one of the first. I. believe it or not, like I was doing. pretty good. like I was just putting gas. on it in the beginning and then uh you. know grocery bill here and there but uh. and I was paying the balance off but. over time it just uh it just continued. to grow. I I didn't know like I didn't. know when to stop because like you know. the pandemic hit and I ended up like. using it to help with some bills cuz I. was laid off during the pandemic. I'm. sorry. Um that's hard. Yeah. And you.

didn't have an emergency fund to take it. at that time. No, I did not. See that? And even if you were laid off during the. pandemic, they were doubling. unemployment, right? So it was I didn't. file for unemployment during that time. Why? That sounds dumb. You lost it. because of the literal thing that was. happening and programs were in place to. help people that lost because of the. actual thing that was happening. Well, I. went Why would you not apply? Well, I. went and I found another job somewhere. else. It wasn't Oh, that's great. So. then that this excuse no longer makes. sense then cuz you see you use your. credit card cuz you're unemployed, but. you found another job. That's why you. didn't apply for unemployment. So why.

would you use the credit card then? cuz. the job that I had was a little bit less. pay than I was I was working like a. sales job that I got laid off on and. then I went ended up working at. Walgreens. So, I wasn't making What was. your income? And then what was the next. income? When I was doing sales, it was. it ranged monthly. Um sometimes I was. making like 3,000 a month. Sometimes I. was making up to 5,000 a month. Sure. Um, and then when I got laid off during. that, I went to Walgreens and I was. making $10 an hour during the pandemic.

and I was working part-time. Um, how. many hours? Like 30, I want to say. Yeah, that is hard. So, it was it was a. pretty it was aing out to like $1,300 a. month. That makes sense. How long are. you at Walgreens? I I stayed there for. almost a year. Why? See what I would. have done if I lost my income by a third. or a fourth. Sure, I start that so I can. have some money coming in, but I'm. applying to every job that exists in the. history of the entire world every single.

day. Well, I I was applying like I had. like people like Sure. But I have people. say they were applying and they apply to. like three jobs or something. Yeah. Like. I mean I had I had an interview for one. place but it ended up not working. Um, okay, no offense, but if you were. applying for like every job ever, you. would have had more than one interview, unless your resume was complete trash. You had a successful sales record. There. were remote sales positions throughout. the pandemic. At the beginning, everyone. was a little scared, stopped hiring for. a bit, but a lot of those, you know, uh,

tech companies and a lot of things that. really went crazy during the pandemic. were bringing on sales people like mad. cuz they wanted to move. I had a really. hard time finding a sales job after all. of that happened. Well, again, I think I. couldn't find any. What do you mean you. couldn't find though? Like I was like, you know, scrolling LinkedIn and I was. like on uh what's what's it indeed and. just looking for those sales jobs and I. mean I just couldn't find anything that. was like either close by or like had. competitive pay. Close by. Everything.

was remote during the pandemic. Oh no. Well, no. I was when I was doing sales, I was in store. Yeah, but it was you got. laid off at the beginning of the. pandemic. I got laid off like m the. middle of it like May. May. So, yeah. May Yeah, May 2020. Okay. That. I want I don't know if that's in the It. was kind of like 2020, 2021 and then. like the first half of 2022. It was like. the very beginning of 2020 when all that. happened like March was.

That's what I just said. You were at the. beginning. So, no, you were from work. and they probably saw everyone freaked. out at the beginning. Businesses freaked. out. Okay. So, we're at. $9,2944 with $186 minimum monthly. payment. $1 of purchases. It's a little. weird. Yeah, that that one's like I. don't have a limit spending limit. anymore. So, what do you mean? It's like. I think my credit limit was like 9,300. Yeah. Or 9,29.

So, that's what that's the only reason. you're not spending on it. Yeah. I just. don't want to make it go up any higher. I mean, I have another question. reason? Not because you just shouldn't be. spending on a credit card because your. balance is already there and you can't. pay it off because you don't want to hit. your limit. Well, because you can't. spend more money on that. Well, I can't. I don't want to have any more fees or. anything like that. So, I I just put it. on another card. You put on another card? Yeah. Okay. Obviously, and this is okay. You're not. a credit card person, and that is okay.

You don't have to be. Everyone thinks. that. Everyone wants to be. You really. don't have to be. You really don't. You're not, dude. Use because you want. to take advantage of the credit card. part. Yeah. So, use the Fizz card where. you can do exactly that. But it's meant. for people like you who just cannot. manage their. finances cuz you are not a credit. You. can't manage this and you're like, "Okay, I don't want to have the fees cuz. I'm at the top. So, let me just do. minimum payments on it." And. $165 in interest is acrewing on here.

That's crazy. Something on Amazon. Yeah. I Okay, so I made sure to like fix that. Um, I like signed up for Amazon um to go. like order something real quick and I. used like the student discount or. whatnot and I forgot this card was. attached because I used to use Amazon a. lot and this card was still on the. payment method. I just had a moment of. confusion. We just talked about how you. got laid off in 2020. You said you use. this card. Yeah, I used uh buddy, you're.

at the credit limit. So you're there's. no way that you use this only right then. because you wouldn't have only paid off. $100 in 4 years. So what what is the. history with this card? So I did take. out a loan with my bank to to pay this. card off. So it's been paid off already. Like like I I understand Dave Ramsey. more and more every single day of why he. refuses to accept consolidation as an. option. Yeah, I I paid this card off. before. Um, but and I I paid it off like.

2 years ago, but this I mean it's the. balance just they gave me a bigger limit. and I just Yeah, of course it did. So I. I Yeah, I see now I probably should have. closed it, but I that was the only card. I had at the time. But why would you. need one in your mind? Because here's. the thing for the consolidation stuff. What people like you end up doing and. again this is cuz you're not a credit. card person and that is okay. That is. not I'm not like you're not a credit. card person. You're worse than everyone. else. It's not that. It's just you can't. manage it. That's fine. So, don't use.

it. Like, that's totally chilled. You. don't need to be a credit card person. Who cares? But because you didn't fix. any of the behaviors that got you in the. credit card debt in the first place, all. of a sudden you consolidated it and you. have so much money you can spend on here. again. And without fixing any of the. behaviors, you just balloon it up. And. you ballooned it up. I did. I did. You're. not You're kind of doing this again, though. You're kind of doing that again. You haven't fixed any of the behavior. We just went over how you spent $1,200.

on this month and you're. withdrawing your retirement to pay off a. debt. You're just going to build the. debt right back up and then have no. retirement because you drained it to pay. it off, but you didn't fix your behavior. that last month suggests that you're. doing it again. You didn't learn your. lesson. Well, okay. I was going to take that money. I was. going to take that money. pay this off. Yes, I got that part and maybe close it.

because I don't need this card anymore. Close it. Not maybe. Close it. You. cannot have access to this. You don't. know how to manage having access to. this. This is not a tool for your. success. You are their money-making. machine. Yeah, dude. They're profiting off you. like crazy. Look at that. $165 of. interest in a month. And that's at a low. credit card interest rate of 20%.

Yeah, that's low for a credit card. It. is for people on this show. Yeah. Most. people sit at 30 or something. Well, I. have a few that are a little up there. Oh, I know. But even still, you're just doing it again. That's so. scary. You have to close the account if. you're going to drain retirement, which. is okay. Fine. You're doing that. You're. going to get hit with fees. You're. getting hit with taxes. That's Wait, so what's your net? What's. your net? You took out 10. What's your. net? Uh, it was it was like 76 after all.

the stuff came out. Oh my gosh. I mean, you're also doing that at a time when. the market is good. So, you're probably. like, you had some gains on there and. you were just you're like, you know. what, those gains, I want to pay taxes. on them. I figured it would it would. help me and I have time to get that up. potentially. So, but I don't know if you know what. the word help is because the last time. you did it, you just this is where we. are. We're at the max again. The last. time you did a consolidation type thing.

and this is you in in a way doing it. again. So, I I don't know if the word. help is what truly applies. I'm I'm and $3,000 of it literally went. up in flames anyway. So you just had you. just 30 30% interest essentially 25 30%. interest on the that's what you just. took out Mhm. on your retirement really. if it breaks down so you just swapped. it. Yeah. Well I mean I don't even.

know I mean that loan is not even. getting covered. I don't think I'm even. get most of that. It was a loan. Well no. it's No. I Okay. It was a withdrawal. I. think that's the term that they used. I. withdraw. alone would have been better. probably and closed it. Then again, I. don't think that would have solved your. issue once more. But yeah, got something. on Amazon there. That's my other card. right there. I know it's right in front. of me.

Apple is. $1,522.68 with a $52 minimum payment. Oh, you're purchasing things on here. What are you doing? What are you doing? See, see, this is what happens. This is. what happens. You're going to continue. purchasing things even though you pay. off a card with that 7. You can't even. pay off that last card with the $7,500.

you get from the. $10,000. So, what the what are you. doing? Panera Sift Club. Sift Club so. you can die from their charged lemonade. And then. merchtable.com and then more Sip Club. They didn't discontinue it. They put it. behind the counter. Oh, okay. I I do. actually like them. But yeah, no, the I. there's a Panera close to work and I. just go in there to grab something like. for breakfast or something before work. that your parents are paying for. Reminder in reality, I don't know. I.

just I it's it's quick. It's easy. I I. don't really like cooking that much, so. I just prefer to just pick something. I. don't know if that's an option. 50% of. your income goes to rent and your. parents give you a fourth of your money. I don't know if that's an option. I. don't think want is a word we really get. to use. I'm just not like very like I. always whenever I cook, I just end up. making like it's bad and I have to throw. it away. So, it's just a waste of money. in my opinion to cook. Have you heard of.

recipes? Well, yeah. I I'm some I follow. a recipe and then it just doesn't go as. planned and then I end up throwing it. away. Maybe you need to start basic. recipes like. hot you put it in your clothes. goes the air fryer. Not I have one of. those. What's it called? What's it. called? The hot pot. Instapot. Instant Pot. Come on. Like. it's not the most smelling thing in the. world, but everything at least tastes. like food when it comes out of it. I. don't I don't really have I don't have. an Insta Pot, but I mean I That's I'll.

buy you an Insta Pot if that's what gets. you out of debt. You get an Insta Pot. You can look under your chair. There. might be an Insta Pot. You know, I. I don't know. It's just uh like I said, it's right there. It's It's like close. to the office. I just go on lunch, pick. something up. Uh that's This is the card. that I use. Um because the other one's. pretty much like maxed out. I wouldn't. use it anymore. But I have to go back to. this. You said I don't want to cook. Like that is not an option. Yeah, this. is not an option. I don't really get it.

In sip club, that certainly doesn't seem. like a. option. Well, sip from your faucet, dude. Well, okay. So, they have like tea and coffee. You can just go and Oh, that's really. interesting. You know, that that. actually really is interesting cuz I've. never seen, if I'm not mistaken, I've. never seen coffee or tea at the grocery. store. Well, okay. I I don't know. Oh, they're just like I said, it's it's hot. It's like I just go pick it up. You can. serve yourself. I walk to the office. It's it's easier when I'm in a rush.

Yes. I. know. That's a want. I know. I just That How does that. possibly excuse it? I I know why you do. it. Everyone literally knows why you do. it. Everyone understands what this is. You didn't have to explain the SIP. service to us. I We know what it is. H how does it existing justify it to. you? It's I don't know. Your parents pay. for your bills. Add up all your. utilities and everything for your. apartment. 62% of your income goes to.

your living right now. You're just the. the roof over your head living. Yeah, it's it's a nice it's a nice place. I. mean, I just Yes, I know. Which is why. it costs that much. How does that. excuse? I'm so confused by you. Well, okay. Okay. So, like every time I bring. up something that you exist and you're. like, "Yeah, it's because that's what it. is." Okay. I Okay, I secured that unit. because I have two dogs and the the unit. that I'm in is on the first floor. I.

have access to a yard and it's easier. for me to just get them in. You're doing. it again. You're literally doing it. again. I don't need to know why it's. expensive. That the reason doesn't matter. I don't. care if it's expensive because you get. to go in and get a drink. I don't care. if it's expensive cuz you're on the. ground floor. That's not the. conversation we're having. I'm so. confused. What are we doing here? Is is. that what goes through your brain with. every purchase? Is the justification? Cuz clearly you're just justifying. everything. You're justifying using your.

parents and they don't even know it. Like what are we doing? That's immature. That's a child. You're 24. You're an. adult. Six years. Well, okay. I I came. here to get help. I mean, obviously I. know that my spending is a little out. like I should probably get better at. managing, but if I do not address your. mindset, you're not getting. help because you are so clearly clearly. trying to justify things beyond belief. Dude, you just literally tried to.

justify Sip Club because they have tea. Because tea exists there. Like I said, it's it's right there. I mean, I get it. Yes, I can go to the Am I the only one. that see this sees this? Am I broken. here? I like What is happening? Am I do. I I I Okay, I honestly Is this prank. week? No, no, no. I just I didn't even. know about it. Somebody at work told me. about it. Go. I don't need to know why. I don't need to know why. I don't even. know why. I don't care. That doesn't.

matter. All that matters is you do it. and you shouldn't because you can't. afford it. Oh my gosh. Um, you talk. about going to the bar with all your. friends, right? Yeah. Cool. Live with. one of them. Why do you live on your. own? You're 24. It's okay to have a. roommate at 24. Well, I had a roommate. You live in a major city. I don't I. don't I had a a very bad roommate. situation before. Um, was it with one of. your best friends? No. Oh, interesting. So, let's try to live with one of our. best friends,

but they they all have like partners. Like, they have boyfriends and stuff, so. I don't So, what happened with the. roommate then? So I they were my. co-workers. I had two roommates. So it. was three of us in one apartment. Um and. I just I was younger than them and I. Well, how much younger before we played. the victim card? Well, they were 26 and. I was I was 19. Okay. So I um So you. were an adult? Yeah. Yeah, I was. I I I. was and I still I am. It's just whenever.

the situation happened, the way that we. like split costs wasn't in my my eyes. fair. I I was paying a lot more than. they were. Why? Because I had the bigger. room. Oh, that that is that's actually a. pretty common thing though. Usually the. person that has the nicer room, nicer. bedroom pays, you know. It wasn't nicer. It was just I was upstairs. Bigger. sounds nicer. It was. I don't know. It was It was like right. across, but one of the girls had their. own restroom. Like I just didn't think. it was fair. Okay. Okay. But um why did.

you agree to it? Well, at the time I was really like. itching to get out of the house u with. my my folks. Um just wanted independence. and uh I mean looking back at it now I I. should have just stayed but I can't. change that. Um I know. Yeah, that I. mean I can't harp on you for that. It's. not like you're doing that right now. What you're doing right now is spending. 62% on your roof. That I can harp on. But what was the bad situation other. than you may have gotten an unfair deal? Well, we Okay, so this was when I was.

still doing the sales job. So, I had. like I where I worked like I sold. furniture and like electronics and. stuff. So, I like uh we all got together. and we're like, "Okay, we need. furniture. We didn't have a couch. We. didn't have nothing." Um so, we got like. furniture, we got a new TV, washer and. dryer, and uh both of them washer and. dryer for an apartment. Mhm. Yeah, we. had hookups. But um that's okay. Again, it's in the past. I I was the only one. with good credit at the time. So, I.

opened a credit line in my name and. financed it all. it was like with everything. I want to. say it was like 5,000 at 19. Yeah. And. they were supposed to help This is where. it gets pretty messed up. They were. supposed to help me pay for it, but only. one of them helped me. The other girl. kind of like backed out on me. Yeah, that's that's trash. That's trash to. them. I mean, they're just they're a bad. person. So, I. that's paid off. Um, it took a few.

years, but I got paid off. But that was. I mean, does that really matter if we. got into debt again anyway? But yeah, but that sucks. That's that is a. situation and I am sorry that happens. And um that doesn't mean that I don't. think you get I think that's a learning. lesson on taking out debt for other. people though. I don't think that's a. learning lesson on you can't have. roommates. Yeah. I just didn't want to. go through that again. I I Sure. But. again, I think that's a lesson of you. could go through that again without. having roommates. You could go through. that again by agreeing to put a vacation.

with a bunch of friends on a card and. that they have to pay you back and then. one of them doesn't. Like you can go. through that situation in so many. different ways. That doesn't mean it's a. roommate situation. I understand that. you're probably associating that with. the roommate situation, but that's is. more don't agree to pay for other people. that you you don't fully trust and. doesn't have a record of paying you. back, you know, which it sounds like I. mean, you weren't or you're co-workers, but maybe not uber close or at least. having a track record to them. And. again, they do sound like a piece of me. wrong like person.

But I don't think that means you can't. get a roommate again. when I want your rent to be closer to. 30%. That's what I would want. 30 35. you're with you're you know the roof. overhead right now you're at 66%. But. where am I going to find something. that's roomates I said and also maybe. just not living downtown. You might have. to commute. I have an exciting channel. announcement and it's one of the most. exciting things we've done so far. By. popular demand we've launched a new tier.

to our channel memberships. There you'll. get an exclusive audit that can't be. found anywhere else. It's adree and. completely uncensored on the first. Tuesday of every month. On the second. and fourth Tuesday of every month, myself and members of the company will. be doing exclusive member live streams. where we hang out with you and talk. about whatever you want to live. And. finally, on the third Tuesday of every. month, we'll be posting a new. behind-the-scenes podcast called. Crewcast, where we'll be discussing. everything behind the scenes at Hammer. Media. And of course, this new tier gets. access to all the badges, emojis, and.

the financial audit post show. This is. honestly going to be really fun, and I'm. super excited. And we kicked it off this. week with an exclusive couple's audit. and an updated office tour since we've. expanded so quickly. Check it out. Link. in the description below and in the. pinned comment. Even when I like moved. to like Arlington or whatnot, like I it. was still really expensive. I was paying. like 1,200 at that time. Oh my gosh. Uh. what's more expensive? 1,200 or 1,500? Well, that was I don't work. You work in. downtown Dallas? Yeah. No, Fort Worth.

Downtown Fort Worth. So, I mean, I just. I wanted to be closer to the office. Oh, I know what you wanted again. That. doesn't like You don't have to tell me. that. I just I don't see myself having. roommates again. I just had like a I had. multiple. Sounds like you're not willing. to sacrifice though. Okay. In Fort. Worth, and I can't speak for every. single one of these places, but I am. getting at below 1,200. uh 98 results, and those are complexes.

So then there's units within those. complexes. So 98 complexes. I'm seeing. $879. This place actually looks pretty. nice. It might be a commute. It looks it. it is certainly further from downtown, but it actually looks pretty nice. Has a. great community center. Really nice. pool. $1,000. This is like a like a. condo. That looks nice. New apartment. building, you know, might be cheap, but. it's 900 bucks. Dude, there's options. everywhere. You just looked because you. want to live there. You're exc again.

You're making excuses to live there. You're trying to find. justifications. This took me two. seconds. Like literally two seconds. Yeah, that one's not even over. exaggeration. So, I just I don't know. I. I I just I've lived in like places that. were We're going to make an excuse. again. Okay. Okay. I just lived in a place that. wasn't that nice and I just wanted to. treat myself to a nicer area. Treat. Wanted. Treat. Wanted. Treat. I don't. give a like I mean I care. Please do not.

make this a conversation where I. literally care about your future more. than you do. We this cannot this cannot. be a thing if you don't care about your. future. There's no point. I care. Not if. you care about your wants and sweet. treats more. Okay. All right. Congratulations. You've earned points to. start redeeming on your Care Credit. Rewards card. Okay, that's that's.

medical that I was I had to go get um. What happened? My glasses and and stuff. So, uh So, it was I Yeah, and I this. card is I use it for like two separate. things. I I have hearing aids, so I also. use that whenever I need to get an. upgrade. But this is for my contacts and. glasses. Well, $275.31 is a smaller balance than most. There's no interest acuring. It's a $30. minimum monthly payment. Mhm. I'm. confused. Why'd you put $80 towards it? Oh, well, I I kind of like calculated.

with the the sales lady. She was like, "If you don't want to pay any interest, like you can just pay 80 and then by the. time I think it was 16 months I had so. $80, I would have paid off my balance. without any interest." Oh, so that's. fair enough. I'm going to put that in. quotes. Uh, parenthesis 80 bucks is what we want. to aim for. Okay. Care Credit. Oh, because you are having deferred interest. and that'll hit you. So, absolutely. I.

agree. I agree. I. agree. Okay. Home Plus. Did you get a furniture. loan? I did. I when I moved to my new. place, I didn't uh well, I got rid of my. old couch cuz like it got it was torn up. and I just it was time for a new one. Dude, not to suck the Zuck, but Facebook. Marketplace is great. Yeah. Well, I. mean, here here I found a pretty cheap. couch. It was like 300 bucks. Yeah, but. you financed it. Yeah. I didn't have I.

didn't have the money to like pay out in. cash at the time. Um but I mean the the. when I was there, they were like, "Hey, we can get you no interest." And I was. like, "Okay." And so they were able to. like I got like a a few other I had to. get a few other things to like meet had. to Well, there's like a certain minimum. that they had so that they can make. money off of you. Yeah. So does that. make sense then? Again, maybe we just. get a couch off of Facebook Marketplace. for 100 bucks. You know, the best people. on Facebook Marketplace, the rich.

because they literally just want someone. to come pick up their stuff and they're. basically market. They don't even know. what it's worth. They're just like, I. want this gone. It's not going to it's. not going to affect their bottom line. It's going to be like pennies to them. I. don't know. I just haven't really heard. good stories about Facebook Marketplace. like Okay. How many stories have you. heard? Well, I've heard a few people say. like, you know, they've been scammed or. uh you know, they they come meet. somebody and then they stood up, you. know. Yeah. Go with a friend. Here's a. story. I've had good experiences on. Facebook Marketplace. Uh Claire, one of. the people that works here, has had a.

good experience on Facebook Marketplace. I went and picked up furniture with her. when she moved here. Okay. So, now. you've heard two good stories. Does that. offset your bad stories? No. But I mean, I can't do anything now. I can't do. anything now about it. You're right. But. you're going to buy furniture in the. future. No, I think this one's going to. last me a few years. I I won't You're. never going to buy a piece of furniture. again. Well, I like I said, for a few. years, maybe 3 four years down the line. Even still, 3, four years down the line, I'm trying to prevent you from doing the. thing, the dumb thing you did at 19. again. That was 5 years ago. 3 four.

years down the line, I want to prevent. you from doing that bad thing. That's fair. Yeah. Yeah. Well, maybe I'll check it out this next. time. Facebook Marketplace. Don't put it. on a credit card. Yeah, this is free. So, you have to make 15 $15 a month to. pay it off before interest. 115, but. it's a $30 minimum monthly, but you need. to do. 115. You see what you got yourself into?

We're 60, what was it? 62% goes to the. roof overhead. Now these minimum monthly. payments are stacking. Then you go spend. 1,200 bucks a month on BS. You see what. you've put yourself into? That's what. happens when we just don't Have you ever. budgeted before legitimately? I've Well, I've tried, but I mean sometimes. So it. hasn't worked. No, obviously. Okay. Just. like any guest who comes on here, go. through our budgeting class, dude. Go. through it. Take the quizzes. Truly take. in the education. Take it as many times. as you want. Take the investing one as.

well because you just sold your. retirement account. So, I need you to. get back into that eventually and at. least you get $100 for free and coupons. that I give you towards your investment. account. But like for real, go through. the budgeting one. Learn how to budget. Build it out in the class. You need to. put some education behind those. eyeballs, dude. We need the knowledge. and the practice and the discipline. because these minimum payments are. starting to stack out of control on top. of your housing that you cannot afford. and you're taking money from your. parents and they don't even know why. We're going to call them. They are. They.

don't even know I'm here. They're about. to find out. I think if you're really going to take. accountability, I think you need to. actually take accountability, not have a. conversation and say, "All right, it's. good." I think you actually not with me, you know, with me. I think you actually. need to put a step forward. Okay. Welcome authorized users. Synchry. Oh, everyone loves a good synchrony card.

What was this for? I think that's still. That's my home. furniture, I believe. So, cuz I know it. says different. Oh. Oh. Oh. Oh. Oh. Oh. Oh. I see. Yep. They like So, the. deferred the deferred interest so far is. $585. Yeah, that's not a choice. We got. to pay that off. Oh my gosh. Uh what is this? What is this? What is. this? That's the loan that I took out to. consolidate my debt on the Discover.

card. So, not only are we still paying. off the consolidate loan, but the So, we're still paying off the consolidate. loan. All the credit cards are back up. Mhm. And we just drained our retirement. and they that all happened. But the. retirement is going to is going to help. pay like those smaller consolidating. your last consolidation. Oh my gosh. Yeah. Noah, can we do I don't even drink, but. can we just get in the post show because. I'm going to need a thousand drinks. after this one. I have something that.

But like it will it will legitimately. ruin your day. Are you cool with that? Oh, there's something that's going to. ruin my day. Okay. Well, are you down to. do it? Well, this has already ruined my. day, so let's ruin it further for sure. Okay. Yeah. Yeah. I'm committing. I'm. committing. You're committing? And then. I'll tell you to off later if I don't. want to. Go back in. Go back in your. corner. Go back in your corner. I'll see. you in the post show. Naughty little. boy. Consumer loan, personal loan, consolidation loan. Yeah, it's almost. paid off, but it's like halfway there. No, it's getting ambitious. He stepped.

out here today. $7,000. It's. at Oh, that's the original principal. paid today. What's it at right now? What's the balance at for this? I can. check. I have the app. Let me see. It's. at 10.5% interest. Yeah. kill me. I. actually got a discount on that. I got. like a lower APR because I was an. employee. We're Yeah.

Yeah. It's not It's such a good deal. I. think it's like at like 3,200 left to. pay it off. So, I'm like a little bit. more than halfway. like paid off. I've had When did you. consolidate again? Um I don't know. I I'm considering it. because I know that the the loan isn't. going to I asked when did you take out. the consolidation loan? Oh, this I took. this out like in 2022, like around. November of 2022. Been a couple years. Yeah. Yeah. Money owed to parents. So,

not only do they give you money, but you. literally owe them money. I do. For. what? The the moving situation. Remember, I had to pay two rents, so. they helped me pay one of them. So yeah, but they they're not like. rushing me. They said, "Well, you, you. know, take your time whenever you can. get it back to us." Um, you know, uh, I. I asked if I could do monthly payments. and they said no. They said they want it.

all back at once. You know, it would be. their money paying them back. I'm not proud of it. I I didn't want to. pay I'm not saying you're proud of any. of this. Don't get me wrong. It's more. of the the the justifications constantly. less on this one, but the rest I think. it just makes me feel better cuz I I'm. not I'm what does trying to justify. everything? Well, yeah, that's what. you're doing. That's your your human. brain. We're all flawed. We're dumb. little creatures. We think we're more. special than we are. No, we're like we. barely even exist. We're surviving. Like.

like of course this is what your brain's. trying to do to fight the fact that. you've done some and you're. finally getting called out for it. That's what happens when we need to wake. up. Checking. account balance the statement. $30. $30 and you have $1,500. rent. Oh my. gosh. Oh my goodness. I just I did just. get paid. I did just get paid. So Oh,

thank Yeah. And I paid the rent. yesterday. Well, we also did Sonic. Drive-Thru, Raising Canes, Hulu, Amazon. Prime, Best Buy. $648. No, that was a gift. That was a gift. that I I just purchased. It was for my. mom's birthday. You You can't I I know, but my my dad went half with me, so I. didn't I don't give a I don't give a You. can't afford it, Daddy. I cannot afford. it. I can't do this gift. I know. I just.

I didn't I would feel bad if I didn't. get her anything. So I was I Okay. All. right. Yeah. Yeah. Yeah. Yeah. You don't. feel bad about dying in poverty? I feel. bad about that. Oh, okay. Which one. would feel worse? Second one. Choices. Choices. Is that one money out? Mhm. To. Fifi. That's my best friend. Okay. Fifi. Thought it was like a double fee. All. right. Apple bill. Jack in the box.

specs. Jack in the box. Jack in the box. All right. Stop the curly fries, dude. It's right there by like on by my. office. So, I just Congratulations. I'm. thrilled for the proximity of Jack in. the Box close to your office. Okay. All. right. Is Do you have to walk through. the Jack in the Box to get to your desk? No. Oh, then you don't have to stop. there. That's interesting. In Raising. Canes, is that on the other side? Is. that at the exit door of the office? Oh. my gosh, it actually is great. I just go. where it's closest. Um, yeah, I know.

know I probably shouldn't be going there. as often. You know what's the closest. when you wake up? Your kitchen. Jack in. the Box, Netflix, Wingstop. Fortnite. Fortnite. The are you doing? Uh well, some of my friends like live abro like. they're all over the place, so we we. like meet up and like play games. whenever we can. So I was Yeah, I paid. for it. It's a free game. Oh, well, no. We we were like we were. trying to get like matching skins and.

stuff and and and so that's what that. is. There was like this Billy Eyish skin. that they like were dying to have and so. I I gifted it to them. Yeah. I probably. shouldn't have done that. I I gifted. them all like their own so we could be. matching. I don't. know. It's a fun pastime. That's what I. do when I get off work when I don't have. school. I just play a whole thing. You. just spend money on getting Billy Isish. skins.

It I know it sounds silly, but it it's. stopper racing. canes then buy Billy Isish skins. Like I said, it's just for me to kind of. connect with my friends that are like. Listen, I don't know how Billy Isish. even runs with those things. Anyway, Texico Texico going inside getting some. Fortnite again. Fortnite again. Oh my. What are we doing? I was gifting I was. gifting my friends. $54. $54 on.

Fortnite. Those V-Bucks are expensive. So maybe we don't do them. Okay. Yeah. Yeah. What were I don't It was like a. spur of the moment like we were I was. like. Yeah. Jack in the. Box AI. Oh, that's that's for uh that's. like the music technology I use for I I. sing sometimes at my church and so I. have to use that to filter the tracks so.

that I can. filter the tracks. Yeah. Like I have to. take the the lead vocals out just to. leave like the instrumental in and the. backing karaoke. You can't search for. karaoke version. Well, no, because it's. like a whole thing like like my my. church, we can't get any copyright. strikes. You have to like use like pay. for the the service and the song. It's. like a whole. thing. But I think I can get reimbursed. for that. So you have to How much? It. was five bucks. No, I know. But how much.

do you spend for this? Cuz everyone else. they just get up there and they go, "Our. God is an awesome God we praise.". I'm I don't think they're paying for. that. No, they're not. They're not. It's. just we have a small like I there's not. much really. We don't have a band or. anything, so I have to have something in. the back. Okay. Jack in the Box. Nintendo. Jack in the Box Social. House. No way. Oh, that was $14. Thanks. Wait, whoa, wait. $14. Check the Oh,

Spectrum. That was That was expensive. Okay, there's your rent. Panera Bread. Hey, mixing it up. Jack in the box. Apple bill. Apple bill. What are you. getting? Gems in game app tokens. Cuz. you do it again. Then Uber. I have Apple. one. The family I pay for my family's. Apple. You have three Apple bills. So. the Okay. Some of these Yeah. are or. Apple one. And then the other one my dad. has like a subscription to upgrade his. iCloud storage. And then what's the last.

one? I don't know. I don't know what it is. Then you went inside and got. some Oh, guys, I was excited. I was. excited to walk into this cuz I was. like, "This dude, look at her. 24. $10,000 saved up for retirement.". That's That's the loan that I took out. It's not a loan. You withdrew it. Yeah. So, I still have one like with my current.

$3,000. You went from 13 to. three. It's That's your. retirement. That's your retirement. Well, to be honest, I thought when I. took it out, I was going to have 10,000, but after speaking to the guy on the. phone, he was like, "There's a bunch of. fees and taxes that need to be taken. out." So, then why' you decide to still. do it? Cuz that's fair. Maybe we a. little Okay. I needed I I needed it. because obviously my my credit card did. we.

perhaps remind me the last five 10. minutes. Have we not gone over uh going. to Jack in the Box every day of our. lives? So, did you need to withdraw your. retirement or did you need to get some. curly fries? Which one was it? Clearly. in your mind you needed to get curly. fries. Yeah, I I like I said the this was just. like the first step. I was taking I was.

withdrawing that to help pay off most of. these so that way I'm not paying so much. on my credit cards every month. I. thought it was going to help you're. doing it. Yeah, this is okay. Well, I'll. I'll I'll stop. Like I've already cut up. my cash. Have you cashed a check? No, I. haven't. I haven't received it yet. It's. coming in the mail. I already I wonder. if you can back out. I wonder if you can back out. I don't. know. I don't know in that process. I'd. call them and ask if you can stop. Let's.

find a way to get out of debt without. compound cuz I mean, yes, let's say it. averages 10% S&P 500, maybe 12% at best. I mean, your 25% debt is going to be. worse, but with you getting. hit 25 close to 30% on the. uh capital gains and fees, early. withdrawal penalties. Mhm. Like, you're. negating it. You're negating it. So, the. math isn't mathing. I would want you to.

potentially stop. We need to look at. this whole situation, but I need you to. take accountability. This is your. choice. I'm not going to force you to do. anything. Call your parents. I I'll call them. Call your parents. Go. ahead. Right now. Yes. This is taking. accountability. This is actually. stepping up for the first time. Oh my. gosh. I don't know which one to call. Which one is the one that gives the. money? You know, mentally, you know, whose idea was it? Who do you talk to. about this? My mom. Call the mom.

Pops. My dad. Okay. Okay. Hey, baby. Hey, Dad. Um, I was just going to call you um and. talk about um you know how you you guys. have been helping me like with the loan. and stuff. Mhm. Um I I guess I was just going to call. and and see like Okay. I know you guys. gave me plenty of time to pay it off, but um I guess I needed to be honest.

with you. guys. Do you have time to talk? Yeah. Okay. I just want to make sure cuz. I know you're at work. I don't want to. bother you. No, it's fine. What's up? Um, well, the $1,200 you guys have loan. me, I've been um I haven't really been. that responsible with with uh putting. money aside to pay you guys back. Um, and I know you and I have had plenty of. conversations about this, about, you. know, spending it on food and stuff. Um,

and I I haven't beat that habit, and I. just wanted to be honest with. you. So, I'm gonna I'm gonna try I'm. gonna try to pay you guys back, but it's. just going to take a little longer. Okay. So, what have you been doing? I've been. like, you know, like grabbing like fast. food on the way home or something or, you know, I I still go get groceries, but I mean, I don't cook as often. Um,

so I mean I do still spend like a lot. $1,200 apparently. I'm I'm going over my. finances right now with an a financial. auditor and they're helping me um like. look at my expenses and I'm I have a lot. of spending that isn't going towards. helping pay you guys back. So I just. wanted to be honest with you about that. It's it's a habit that you have to spend. money and and I mean if you can you can.

right but when you cannot you just need. to uh hold yourself back and say no I. can afford it. It's as simple as that. honey you you need to pay yourself by. eating eating out every once in a while. but you spend it just because it's not. right. I know there's just there's just days. where I'm just, you know, I'm not. motivated to go cook and and I know. that's not a great excuse, but you're. right. I should I should not be doing. that. Um, so I I I do want to pay you.

guys back, but it's just going to take a. little bit longer. I hope you. understand. Well, I mean, we've been telling you. that there's no reason for you to hurry. up. So, and I and I know that that you. supposedly have savings and you have. your account. And when I check your. account, you still have money. So, I. don't. know. I I don't know how you hide the. expenses because uh I see that you don't. spend too much money anywhere. I don't. know how you hide it. I don't know how.

you've been paying. I don't know. Um, well, I mean, the only my my. financial auditor is having me just was. like I call you, but um I you guys, just. to be clear, y'all don't y'all don't. give me monthly uh income. Y'all just. gave me the one time small loan when I. moved, right? I'm not I'm not asking you. guys every month to send me a thousand. bucks. No. Right. I I I took that onetime loan. and I'm trying to pay you guys back, but.

obviously I don't have enough money set. aside to give it to you all at once. It's going to take some time for me to. get there. Yeah. But it's not just I I. deposit money when I see you I see you. will overdraft overdraft. Yeah. To avoid. a fee. I deposit money to your account. Yeah. No, I Who is your finance auditor? What is that? Why do you have to have a. finance auditor? because I I wanted I. needed help uh looking over all my. accounts to make sure I'm making Where. does it cost you to do that? I'm It's.

I'm not getting charged for it. It's. It's free from where? Uh it's here in. I'm in I'm in Austin right now. I know I. didn't tell you guys, but I'm I'm coming. home tonight. But uh you are in Austin? Cuz that's where he's based out of. And. why do you have to go to Austin? Because I I found this guy online and I. trust him and I That is the stupid. decisions you made. That is one of the. stupid decisions you made. You wanted. somebody you money. I can your money.

Your mom cannot you money. You're. driving all the way to Austin wasting. the time wasting you. You no no no no no. work just for what I do. No, Shel. Let. me hang up and you talk to your mom to. see how she react. Okay. Yes, Dad. All. right. Love you. Bye. I knew that was. going to be bad. I didn't tell them I. was coming here. Well, you get reimbured. for the travel and taking time off work, so you you can tell him that. But okay. Um, that was brave. That was brave. He I was. scared to talk to him. He's he's he's. tough. He's tough, homie. So, sure. Um,

hello, sir. My name is Caleb Hammer. So, she's actually participating in a. YouTube show called Financial Audit. So, we we reimburse people for their travel. and time. So, it's just it's a show. where we sit down and we help people. budget. So, she's not paying for. anything. She's actually being paid for. this. Um, and you know, it's just an. hour of filming and she drove down to. participate and we just wrapped. Yeah. And and then and then you have. access to her accounts and social.

security and everything. No, she will. get ripped. You know what? You messing. with the wrong person. I'll just let you. know. Okay. You touch my daughter one. penny, you guys will get busted. I'm. just telling you. Well, good news. There. won't be any of that and we don't have. access to any accounts either. But yeah, so you guys pay for somebody else to go. and tell you the finance, right? Mhm. So. you are the good Samaritans in the. internet. I'm sorry, man. He hung up. He's mad. He's probably for the best. He. needs to cool down. He's very. old-fashioned.

That was very brave. Well, that that's a. good first step. Um, so good job for. that. That I mean, you know, that takes. a lot to admit that you're still effing. around. And you know, I'm I'm. upset, but not incredibly shocked to. hear that they put money in when you're. overdrafting. Yeah, you have 30 bucks in. your account. We are basically halfway. through the year, and I need to make. sure you guys are saving your money in. the right place. In my resources section. in the description below, you can sign.

up for one of the best high yield. savings accounts there are. But you can. also get $300 for free with qualifying. deposits. You can also get FDIC. insurance up to $2 million on your money. and get. $4.6% on the money that's just sitting. there. It's exactly where I put my. money. Why let your money lose money. when it could be making money? It's the. biggest no-brainer in the world. Open up. a SoFi high yield savings account now. and get that $300 for. free. When did when did they lend you.

this money? When I moved, it was just at. one time in um May. Then why did you get. $1,000 this last month from them? Well, um the reimbursement for one of. the gifts, remember my mom gave I got. You said you paid half and that was like. 600 or 800. Why'd you get $1,000? Well, sometimes I pick up food for them cuz. they're a little older. I pick them up. food and they reimburse me. Um there's. like a few transactions on there that. that aren't mine. I just get reimbured.

picking it up for them. Okay. Obviously, you know, the whole thing is. a mess. That was very brave, though. That is a first step. I mean, that shows. that you're at least willing to do. something. And that was hard. That was. hard. But you're a bad at that. And I. know he's very confused about this. situation, and that's okay. Um, we're. happy to type up an email if if if you. want some explanation like a like what a. kid gets when they're sick from school. Give you a little note. Well, I mean, I.

took time off from work. I'm getting. paid PTO, so I don't know why. Oh, and. reimbured. So, it kind of works. I don't. know why they're Well, okay. For what. it's worth. I mean, if I was down, you're driving to get something for. free. I didn't tell like you're not. paying someone for someone to look at. your finances in a completely different. city. Like, he doesn't know what's going. on. So, like I get it. I would be like, "What the are you doing as well?" So, I. get it. cuz it does sound weird from the. outside. Okay, let's do the budget. And. on the income side, 3,200 comes in. Mhm.

The debt payments. Let's do the debt. payments you need to do to not get. deferred. interest. What's your car situation? I I. my car is paid off. Okay. What is it? It's a 2018 Kia Soul. How is it? It's in. It's in good condition. It's like 70,000. miles. Not bad. Okay. So, what's your rent again? The. exact number? 1550. Utilities all. combined? That's electricity, internet,

and mobile, right? Yeah. Um I want to. say. I had Wi-Fi 11830. Is that correct? Yeah. Which is crazy. Yeah. What the What are you getting? Well, I I actually had to call them and. get my thing lowered my service plan cuz. it was was way up there. Yeah. I get a. gig for 40 bucks. So, yeah, I I did I. think it's supposed to go down to 50. I. had already called and got that fixed. Um, so it will go to 50. I can put it as.

50. Yeah. Good. Good. And then my I have renters's insurance. is 7613. Oh, yeah. I have I have Oh, is. that a month? That has to be the annual. No, that's I had pet insurance, too. So, it's like combined. Yes. So, uh I think my uh pet insurance. has saved me thousands and thousands of. dollars. I I have an elderly dog, so I. definitely need it. Utilities. I got. $237.36. You okay? What's going on?

Yeah. I'm trying to see what that. insurance was. I mean, renters's. insurance is $27. Gotcha. I'll just. combine them together. Okay. 200 37 for utilities and 36. Okay. How. much of room, gas, drive, drive? Um I I. would say like 80 bucks a month. 9418 is. what we had. 9418. Wow. Was it a driving. month? Well, you sometimes I try to do. Uber like to pick up some money, but. Okay. Well, we didn't have any Uber. coming in, so that I don't do it as.

often, but Okay. I got to put it as 94. What's your car insurance? I I don't pay. a car insurance. My parents, they got. that for me. Okay. Mhm. Again, the. independent thing. It's okay. I have no. problem with it, but you were so you. were bragging in your application how. you're independent and on your own, but. Okay. TP fun. Anything else you need to. survive in life? If you break that down. in the budgeting program, you figure. that out. Cuz what we're just trying to. do is get like a overhead budget and.

figure out what we can do. $300 for. groceries, perfectly fine. Follow our. meal plan. Adjust it for what you need. Medical co-pays, anything like that on a. month. Okay. Gym. Uh I paid an annual. subscription. That's already done. How. much? It's like uh like 130. Okay. You'll budget that in subscriptions? Nope. savings? No. Phone? Oh, uh, it's like 60. bucks. Do you owe anything on the phone?

Who is it through? Yeah, I I I had to p. I refinance my phone through them. Okay. When it's done, switch to Helium. 20. bucks a month. Uses the T-Mobile towers, so I promise it's good. Save that money, dude. When we're trying to get out of. debt. Anywhere helps. Um, my pets. I I. Yeah. How much? How much for food? Um, and other things. How much total for. pets besides pet insurance besides uh I. would say for their food it's it's $80 a.

month. cuz I got two of them. 80. Mhm. And then my my tuition is also. Oh me. What's that? Um it's pretty. inexpensive. It's uh 200 a month or uh. for a month cuz I'm taking summer. courses, but it it gets cheaper once I. do like a fall spring semester. Okay. You actually hit your budget off. $7 on the upside. You're over it by.

$755 before the. schooling. How much more school do we. have left? I'm graduating this December. Yeah. So, what I would actually do is. prioritize cash flowing the rest of. school by if you can pick up a shift. anywhere just to make your budget on the. positive side. Budget tightly. Don't. spend on fun, free fund. Tell your. friends, tell your family. They'll. understand and they'll cover you. You're. not asking them to, but they will if. they want to go do that thing and they. already know that you can. If not, you.

know, that's fine. Hang out, parks, stuff like that. Focus on cash flowing. for the rest of the. semester and saving up anything on the. side as much as you can. One shift, two. shift is at a coffee shop. Your dad's. calling you. Yeah. Um, can he wait 10 minutes? Yeah, I'll. tell him. I'll call him back. Uh, you. can give him a call in between this and. the post show. Um, okay, cool. And so I would do that through December. and save up as much on the side if you.

can. If you can save up about. $3,200 between then and now while cash. flowing school, which is a lot, you. know, you're going to have to work a. second job every once in a while, just a. couple times a week. That would be great. because I get a one month emergency fund. by the time graduation. Then obviously. use that degree, leverage it, and get a. better paying job. Of. course, from. there, again, I would not pull out of. your retirement right now with the fees. and everything. It does not make sense. You're you're just losing money. uh.

you're making your minimum monthly. payments on. everything and then I would just pay. them off small to largest just based on. your discipline. Smallest to largest. makes sense because you'll see those. rewards along the way. I don't know what. your income will be. Obviously, you're. going to shop for the best job. Hopefully, I want to get I want to see. you get to like 60,000 bucks, 70,000. bucks, 75,000 bucks. We can do that. We. can actually start making a big dent in. this. I think you could be on a debt in. like two years. get a fully funded. emergency fund two and a half years, you. know, from December. So they'll call it.

three years from. now. 27 that's not a bad place to start. debtree while also having at that point. like $16,000 in retirement. That's okay. I'm okay with that. You're a little. behind for the age of retirement at that. time. That's okay cuz you have it. compounding. You have it growing and. from there you're able to really start. piling in and it's good. M you just have. to sacrifice for now. Focus on cash flow. for school and saving up 3,200 for a 1. month emergency fund. Then get uh you.

know whatever job you want for your. degree. Try to shoot for that higher. income obviously. Uh and then just start. paying off the debt small to large. Just. get the six-month emergency fund. So that's what I would do. And I think. you could do it in like three yearsish. depending what you get for jobs. You. might have to be working second jobs for. a while as well. quicker you pay off the. debt, the quicker everything. is. You have a lot of justifications. You have a lot of excuses and you've. used that to make your lot of bad. decisions. That's in your past. Now,

this gets. cleaned and you get a good life. If you. sacrifice now and actually choose to. make these next few years really count, if you decide to live the way you've. been living, doesn't matter if you get a. higher payer job. It doesn't matter what. happens. You're going to just you're. going to be in debt through your 30s, through your 40s, through your 50s. You're not going to have much of a. retirement to your name. And who knows. what the social security is going to. look like by the time you retire or what. that retirement age might even be like. It'll be like mid 80s or something. crazy. So, that's what I think. We'll.

walk with you along the way. We're going. to get you all the education. You reach. out to us as much as you want to for. help. You can do follow-ups as many. times you want in person or virtual. It's completely up to you. Okay? So, we'll walk with you, but you got to you. need to put in the work now. You need to. put in the work and you need a budget. and sit down and look at on a monthly. basis. Hammer financial score you gave. yourself is a 2 out of 10. You obviously. over spent your budget so it's a zero. out of 10. Debt, no collections, nothing. bad. I do get a big hit when we're. borrowing from family. It's really not.

good. It's risky. It's just, you know, it just gets complicated, gets messy. So, I'm going to bring your debt score. to a two out of 10 because it's again, it's not like the worst debt in the. world. It's pretty bad, actually. One. out of 10. Emergency fund, there's. nothing. Zero out of 10. retirement. because you're not gonna allow the I. wonder if they sold everything though. again. You sold it. Okay. So, you. probably can't get out of it. For your age, it's going to be a two out. of.

10. Real estate 0 out of. 10. Hammer financial score rounding up. cuz I don't run. down. One out of 10. Make sure to check. out all the resources linked in the. description below as they are what I. used or would use in specific. situations, including the best budgeting. course and best investing course where. you get $100 in cash gift coupons from. me to you thanks to. Mumu. Now, stick around for the post. show. I guess my life is about to suck.

in the post show, so we're we're going. to figure it out. Check that out in the. link in the description below. Today on. the Financial Audit post show, Red Hot. Reaper Chip Challenge, Carolina Reaper. and Trinidad Scorpion. Absolutely. Liquid on fire lava. My heart is like. legit beating. Me, too. That's okay. This is good content. Here we go. They're both turning red. Ah, Caleb, do. you want to talk about the new real. estate that you're looking at? No. Okay,

guys. It's R and Link right over there. Yeah. Do it with me. To watch the financial audit post show, click the join button below.