I Finally Met The Devil | Financial Audit

This was a joke. Okay, but that's not. for a second. LET ME FINISH MY THOUGHTS. IT'S not even that bad. It's like a. quarter of some of the other people. The fact that you can't, after all that, you couldn't wake up to anything? Go. Hi, my name is Alex. I'm 26. I'm from. Houston, and this is Financial Audit. Welcome over to Austin. So, I want to know what you do for a living. here in a second, but. honestly, this thing right in front This document.

right here is one of the more like, "What the have I ever seen in my. life?". You made a decision, my dude. You made a. decision. And I know I'm jumping in. right away, but I mean, this blew my. mind so much that I can't not talk about. it. The car. The car that you have. You had a what? You had a loan on it. that was what? Like, 10,000, something. like that, 13,000. And then you refinanced it in order to.

try to take some cash out, leverage. against the car, ended up getting a. $21,560. loan at 29% interest rate. 29. That's. That's like insane. That That is one of. the most insane interest rates I've ever. seen on this show. Ever. You took that. out. Amount due, $938, which is double because you're getting. extra charges in here. What is that? Late fees, probably. You're probably. late on this. And the car, the car in.

tippy-tappy condition with your VIN. number that you provided for us at the. top at the top is worth $8,734. You're upside down, dude. Dramatically. upside down in this car. And you took it. out, and some of the money is just. sitting in your checking account. So, I'm just I'm I'm sorry. I know, jumping. in right away with this, but this it. legit it blew our whole minds. We have. one person who goes through all the.

documents, make sure they're redacting. things, and putting everything in. spreadsheets. Then we another person. that reviews everything, making sure we. redactions are good, and puts together. your entire financial picture. Then we. all sit down, we all look through it, and then we just try to fully understand. your situation, come up with a plan. And. every time we did this, every step of. the way we were like, "What the. So, what the. Um. Yeah, it was a bad decision. Oh.

Oh. Um I feel like immediately like. after I I regretted the way it was done. originally. Why did you do it? You went from 13%. to 29%? Yeah, 13 to 29%. Yeah. And I was paying. 430, and now well, the starting rate is. uh 692, and then I called them. because of my um Yeah, the 900 is I.

don't know why it's like that. I already. called them and asked them, and they. said that it was wrong. But um. I I mean, it has other charges. I don't. have the second page of this, so don't I. don't. Yeah. Oh, no, I don't. Um so, originally the monthly charges are 692. Uh but then I did I called them asking. them. what the option or what the process is. if I did a a voluntary repossession.

Well, I was considering it. And so, because they didn't want me to do it, they lowered my. Well, no, of course not. I mean, they. they're making more money off of this. Why would they want you to do it? Why. would you take their advice regardless. of what you're doing? Well, They're the money people. They're the I. want money from you people. They lowered the monthly cost to 400. but what else did they do? I don't know if they modified the. interest, so it's probably me. with the interest. Oh, probably not even that, but maybe. the term got extended.

Probably. You don't know when the term extends to? You don't know like the loan. length? It was It's probably like 5 years. So, it's probably back payments that you. haven't paid is what brought it up to. that 938. No, I don't know why it showed like. that. Like when you look on the app, it. says that the payment I owe, which is my. second payment, cuz I did this recently. It is at 400. It's not 900. I don't know. why it's like that. normal payment? 40461 now? No, 402, yes.

How's that different than that? How is it different than what? The $900? No, no, 40461. How are you at 402? Like how is it different than the. document I'm looking at? Well, cuz you said it said 900. No, look down at the payment. It says. 404. Yeah. Is it the 40461 or is it a different. number? It's 404. What is What is the car? It's a Ford Fusion. Year? 2017. And it's really. under The negative equity is.

it's not even close. But why did you do it? Because I was unemployed for 6 months. And so, originally, like in my folder, I. save like loan offers that I get, and. the loan offer was offering me 21,000. do you do that? Uh. Because I need money. Oh, just saving loan offers that come in the. mail? Those are the most predatory ones ever, other than walking into a payday loan. place.

bigger. than being like. Well, we can talk about that in a. second. Well, sure. I mean, let's Okay, fine. What was your job before you lost. your job? Before I lost my job, I was a remote. call center representative. How'd you lose your job? They severed us. Okay. How many How many weeks or months. of severance did you get? So, they gave me 6 months of time frame. I was applying the entire time. It was. hard because. 6 months severance? No, no, they didn't give me 6 months. So, they paid me out I think around like.

6K. Okay, how many weeks of pay is that? Um they didn't frame it that way. How many weeks of pay is it though based. on what you were getting? Um probably 3 months. Okay, wow. So, that's half the time. you're unemployed. What happened during. the 6 months you were unemployed? Um okay, so I just want to first say. that. uh. I had found a job. The the like catch of. it to get the severance pay out was to. stay until my end date. And so, it was.

hard because I was trying to find a job, but I also didn't want to find a job too. soon. And so, I did find a job, but then. we were incompatible and then I got laid. off from that employer. Y'all, this is the time to switch to my. favorite high-yield savings account. With SoFi, you can get 4.6% on your. money. I hate when my money is just. losing value, so make sure you're. keeping up with inflation at the very. least. You can also get FDIC insurance. on that money up to $2 million with.

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get into the culture you want to get. into, but if we're on the brink of You. said the word homeless. If that is in. the conversation, we don't go into a. place uh and the first thing we do is, you know, I think the company should be. ran this way. That's not what I mean. Like, okay, for. example, the trainer, he was making fun. of the sexual harassment training. He's. like, "Aha, it's aha, ha." Like, he. wasn't taking it seriously, and then he. like that character carried through in. so many other areas. And so like he.

wanted to scare us in like with our. tests, when we were doing tests, he. would he would like make it seem like we. were going to get fired if we lost the. test. Or like if we failed the test. And so. I'm like, that's stupid. And the. issue that I had. up to? No, I didn't tell like that wasn't the. issue. I kept that to myself. But the. issue was is that. I have certain disabilities, so I had to. shut off my camera. And so they said. that I was shutting off my camera way. too often, and they thought.

it's in their. They has to be on, but obviously like if. I have a disability, I'm like I'm going. to go handle it, you know? So, um. No, I'd take a look if that is covered. by disability. Well, when they fired me, um they used different reasonings. Um. and they completely disregarded what. like the conversation. said? Huh? Um so, they had pulled me into a. conversation, and they were really. aggressive, and they were like, "You.

keep shutting your camera off, and like. the reason? if you do this, you're going to get. fired." But I told them, I'm like, "I. have a disability.". Huh? I have overactive bladder, I have. asthma, and I have like allergies that trigger. my asthma. So, And that requires you to turn off your. camera? When I go to the restroom? You're taking it into the bathroom? Huh? Okay, so, the way that a call center like remote. call center job works is they want you. hardwired, they want you. like your headset to be hardwired to the.

computer. Yeah. I don't follow those rules because I. have a USBC headset that is wireless. So, I am. But it's the rules. I'm still meeting the requirements. But you said it was their rules. If you're not following the rules, you're not meeting the requirements. I'm. not saying the rules make sense, but a. company is allowed to choose their own. rules. Okay, well, they didn't know that, so it. doesn't matter. But. um. what's it called? that got fired, so maybe it does.

Well, um so. they didn't know that I was still. listening whenever I would go to the. restroom. They didn't know that I had a. disability, either, because I feel like. it's hard to navigate that and being. open about it. Um. But that's. No offense. I'm sorry. Like I I I. sympathize with your position. But for anyone to ever be upset for.

I It should have Everyone, one second. Anyone ever to be upset at someone for. not proactively doing something they. didn't know about based on something. they didn't know about, that's kind of. up. If you didn't tell them, how. would they possibly ever know to cater. to it? Well, I did tell them in the meeting. when they came at me like. Okay. Oh, what like you're If you do keep. doing this, you're going to get fired. And instead of having like what's going. on. That's how stuff is supposed to go. Well, probably cuz at that point you. just stacked up so much that they were. just like, we can get someone better in. here.

They had never given me a warning or. anything. And so. Well, no offense, but call center jobs, I mean, I assume that has to be one of. the higher turnover industries. They can. probably get someone to fill your seat. relatively easy. People are always. looking for jobs, even though our. unemployment is still close to record. lows. Like those. Low as in like there isn't a lot of. unemployment. Yes, the unemployment rate. Yes, it's. ticked up It's ticked up recently, but. yes, it is still very low comparatively. Oh, well, I. Either way, I'm saying even with.

statistic, um. whatever we're at in it right now, you. can Google it, but. I don't get what what is this attitude. that you have? And first of all, to be. clear, we are not lawyers or anything, but just from quick Googling, um from our producer, the employer has. to provide reasonable accommodation if. it doesn't harm the bottom line of the. business, but but since you did not tell. them about it beforehand before the. meeting came of letting you go, it's hard to see you having any ground.

to stand on but we're not lawyers, you. might and then in that case, you'd. probably want to talk to an employment. lawyer and if there is a case for you, then you could probably get some money. from it. So, two things. I did put that I had a. disability in my application. I just. didn't bring it up to the training. people because they are my trainers. Okay, we'll talk to them later then. We'll talk to them later then. Because. I don't know. Talk to them later then. But I will say. this, you typed this up a whole. paragraph and statement you want to talk.

about and I mean, a lot of it read is. just blaming everything on other people. instead of taking any accountability, which immediately this conversation kind. of strikes me as. Like it doesn't shock. me. It's talking about. Well, it seems like literally everyone. in your life is a bad person and nothing. is your fault. Just from what you typed. up to us in this hour. I'm describing my financial like how I. got into certain financial conflicts. else is someone else's fault. Everything. is someone else's fault. Well, no. Like that was my. to You're not going to walk with away.

with anything and do anything beneficial. if everything is always someone else's. fault and you're not able to take. accountability for anything. Well, I know that I needed. Okay, we're going to loop back to this. Let's go through your finances. One main. financial, immediately. Let's talk about this. Oh, late payment. I don't have a late payment. Read the document. The one that you sent. us. Are you kidding me? Look all the way down at the bottom, tileated.

Late to payment. Um I made the payment now and it was the. first time. late. No, I didn't make it late. Late. I don't know why it says that. I just. got the loan and to like yesterday was. the first day I had to make a payment. Okay, you know, it was my fault. From. everything that we talked about and. stuff, I was ready to just jump on the. moment that I saw late payment and they. just framed this in a weird way. What it. was trying to say is the payment was due. on the 12th and then a late payment. would be the 22nd.

Oh, okay. So, that's my fault. Happy. unlike some people at this table to. admit when I was wrong. I can admit when I'm wrong. 198 31 a month. And this is on a $6,100. new loan balance. What is this? Looks. like a personal loan potentially? Yeah, so these two were supposed to be. personal loans. They I didn't want to do. that but. is a 29%? They're both.

29%. Kill me. They both suck. What is this for? To pay my rent. Oh. Both of these were to pay my rent. If people are unemployed, people lose. their job and they literally cannot find. any job to sustain themselves, you're. right. I have sympathy in that and there. are support systems that they pay into. through their work and I want them to. get assistance. You. got a job. You had a job. I do have. sympathy that you went through a hard. thing, but in terms of sympathy for the.

consequences of your actions, that's a. little hard. Well, at the end of the day, I was just. kind of like. it it that then we're not compatible. Like they're. Yeah, but you needed to pay bills. Yeah, so. as that. Now you're taking out 30%. death insanity debt just to survive. Exactly. So, what I'm saying is. what's not compatible? Your finances and. your living. So, we probably work there. and apply like as a full-time job on the. side, especially since it's remote, and. you're just applying to jobs, applying. to jobs, applying to jobs, and when you. have something that fits your cultural.

needs, then you jump ship. Well, take out 30% loans to survive because we. were a little less happy at the job. was not immediate. So, um I. because. I knew I was not compatible with the way. they ran things at that company, and. they had all Like I was still getting. calls about other people hiring, and I. turned them down. But, that doesn't make sense. Because I should have I should have said. yes. Yeah.

And I. up, and I. Cuz you said you realized you weren't a. cultural fit at this job while you're. getting these calls. So, why why did you. turn them down? Because Well, I'm telling you I. up. No, I know. I want to know why. Well, because I already had a job, and. even though it was the wrong fit, I was. looking for something that paid higher. The job that I got offered paid the. same. Oh, franchise tax for what? So, because I took out my because I. dissolved my 401k's, um I'm pretty sure that that is the tax.

is because I didn't submit a 1099 form. I didn't know how. There was no part. part for that. What was your 401k through? What was the. So, Fidelity? The second one with the the job I got. severance was with Fidelity. Fidelity. I use Fidelity for my taxable. accounts, and then I do Moomoo for my. individual stocks, and with Fidelity, they send you a form at the end of the. year.

or beginning of the next year for tax. season. They sent me the 1099 forms, but when I. was filing my taxes, I didn't see a part. to submit it. Oh, if you did like What did you do like. TurboTax or something? Yeah. I used TurboTax, and they do. They ask. you questions and then they only make. you submit the right forms based on the. questions that you answer. You just. answered the questions wrong. Now, don't get me wrong, filing taxes. for someone in your position is overly.

complicated than it needs to be, but. even still, if you just went through the. system and answered the questions. correctly. and you knew you had to pay, right? Even if Even if they didn't say submit. the form, you knew you had to pay, right? Well, they taxed me when I withdrew. So, I was like, "Okay, fine, then maybe they. taxed it when I withdrew it.". Okay. So, you owe $1,552.32. This. came in December. We are 3 months past that.

Oh, you've not done anything. I haven't been able to get in contact. with them. Okay, are penalties accruing? Let us. find. out. Don't get me wrong, the Texas. comptroller is like. beyond outdated. People say Texas is business-friendly, man. Just to get a form from them, you have. to physically mail in something and then. wait another week for them to physically. mail something out. So, this office is a. pain in the Yeah, trust me, I know. Just trying to see cuz this is a.

screenshot of a piece of paper. I have it, if you want it. Yeah, I want to see if there's. penalties. Oh, the account balance will increase. periodically due to the additional. addition of penalties and interest on. tax due till paid in full. It just doesn't say how much. And that is. This is this balance is probably higher. and it's probably just getting higher. and higher and higher and higher and. higher and higher and higher higher. higher.

While she's looking for that, if you. want your Hammer Financial Score, check. it out free in the description below. I. have a feeling we're not going to get a. great score here. You're organized. Like, I I it. It's so good. I would. suggest that your finances are decent. and I'm glad you're getting here. you're here to start getting help. But. Yeah, I don't. But this is. Yeah, I don't know what it is. Okay, there's no point in being. organized if we can't. get the things WE NEED. AH, OKAY, CAPITAL ONE.

OH, WAIT, it's right here. You got to hide this so that. things aren't. So this says penalties, but it just. doesn't say what the penalties will be. It's probably on their website. Okay. And Capital One, balance of $34. 7 cents. So it's it's not really much. Uh you paid off the balance. Oh my gosh. What? Well, this one I did not this time. This.

is the one. Past. due. fee. I ain't thrown up this time. Past. due. fee. Yeah, but I paid it in full. I know, but you missed the payment. Because. And then you went and paid it. Because I had gone I hadn't gone in the. loans yet. Oh, so the money from the 30% loans paid. on this?

Well, yeah, I was trying TO CONSOLIDATE. EVERYTHING. OH, IF YOU TAKING OUT loans just to PAY. ON YOUR DEBT, WHY IN THE possible. possible. are you spending $227.84. going out to eat or 4.1% of your overall. spending? And your miscellaneous things don't. matter, $229.58. or 4.1% of your spending. Why in the. possible. is a single cent being spent on that if. you're borrowing a 30% loan.

to pay a past due thing on a card? Oh Oh. gosh. And also as organized as you are, what. concerns me is when you talk to us and. you're like, "I have $1,000 in credit. card debt." You have like $2,500 in. credit card debt. Um okay. It's like you're you're organized to the. T. You just don't know what's in your. organization. No, I know. I didn't address that. Um. so, I have the closed accounts. We. haven't got We haven't talked about. those.

Um. Um. but the credit cards, most of the stuff. I paid with the. um. with the severance check and then with. the 401k withdrawal. A lot of that stuff. But then, the one. main financial I took out. your 401k twice, by the way. Yes. In your life. Yes. You're. You're 23 and you've drained your 401k. Sorry, 26 and you've drained your 401k. That's exactly how I feel about it.

I didn't want to do it, but I'm really. grateful that I had it to withdraw. If I didn't, that would have ruined my. credit. My family member would have. ruined my credit because we didn't. finish. I hadn't gone in there financially. Because because because let me guess, when you had the job, when you had all. that stuff, you probably didn't cut back. down on all your desires before you. built up a six-month emergency fund, which is a requirement to get the. baseline foundation of any personal.

financial decent position. Well, I was not. gotten there yet. And you probably. didn't cut back on your. cuz you haven't even cut back on your. now. I wasn't living like a freaking monk or. minimalist, like. If you don't have an emergency fund, then look what happens if you don't. It's worth looking living like a monk or. a minimalist for a second. Insulting. people who sacrifice in order to get. their emergency fund. off. I'm not insulting them, but I'm just.

saying like the average person is not. just going to live off like. And guess what? The average person in. the United States can't pay off $1,000. emergency. The average person in the. United States is You want to be. the average person in the United States? You're going to use that the average. person in the United States is as reason. for you being okay to be. That doesn't make any sense. Don't be. the average person. Sacrifice. Get the. baseline requirement for a decent. financial future and then you wouldn't. be in the position where you're. borrowing 30% on loans just to survive.

after you quit a job because you fell. asleep at a job and you took another job. and then you weren't culturally. compatible. You're pissing me off. I'm. I'm sorry. Kind of. I don't know. I don't know how. I feel. I'm. I have confusion. My emotions. are testing with me. I'm episode two Obi-Wan Kenobi. Uh. Anakin. My gosh, I can't even make. references to. can't even make nerd references right. now. I'm struggling so much. I'm about. to go slaughter some younglings.

I can't I don't know what you're talking. about. Yeah. It's okay. Bank of America, $402.44. Purchases $600. Let's see what those. are. $500 limit. We're at 402. We spent. 603. Ruined my entire life now. $25 minimum. payment. Fantastic. Great. Interest is. accruing. Lovely. Is that my credit card? Oh, good. We're going getting some. taquitos from the market. We're getting. some Pan Express. Going to Ross stores.

Going to show glow competed. Competed? Competed? Competition. Competition? You're competing with glow? Glowing? Whoever glows the most? No, it's for wellness competitions. They're opposing clinics. Why'd you pay for that? Hm? Why'd you pay for that? It's a fitness thing. Oh, yeah, that's about to be a whole. thing. I. You and your fitness. I'm all about it. Do it. It was $10.

Yeah. To Okay, BUT THE PEOPLE NO. LET ME FINISH MY THOUGHTS. NO, LET ME. What I Let me finish. So, what I'm. saying is that the people that are. training you and teaching you that. usually have to pay $300 for each. individual. Congratulations, you couldn't afford $10. either way. So, guess what? As we go through the. statements, you go to every gym that. you've ever passed by. Every gym that. you drive by. I bet you're on your way. back to Houston, you're going to sign up. for five Austin gyms before you leave.

the city. You have every gym. subscription. Health and fitness, I'm. all about it. I'll put it in YOUR. BUDGET. I'LL PUT IT IN your budget when. you are someone who's not doing well and. you're trying to get out of debt cuz. that is important. You subscribe to. every gym fitness thing ever. No. Well, we'll go through them. get a day pass here, but. We'll go through them. Specs is glasses, right? Specs is not uh liquor. Well, never mind. I just apparently I. don't Since I don't drink, I just.

assumed Specs means spectacles. So, great. Yeah, glug glug glug all the. water in the world. well whiskey for $16, and then I got. coffee. Cool. Can't afford that. I can afford coffee. Like beans? Yeah. Okay, that's okay. Yeah. That you like went and got like some. coffee from there. They ground it for me there. No, well, that kind of sucks. You'd want. to grind it right before you start your. brew. Just saying. You know. I'm a com- I'm a competitive little. coffee connoisseur here. I like a good bean.

Okay, so, but we're not trying to spend. money. What? Yeah, because if not cuz I bought an. espresso machine, but then I now you. have to buy like the grinder and the. little thingies and all that stuff. And. I'm not I just got my beans ground. When did you buy your espresso machine? You're not going to like it. It's an investment. Oh, shut the. up. I bought it on Black Friday. Shut the. And I got. was an investment? Mr. Coffee for 40.

dollars. That's an investment. because you're paying off your debt. better than that. I agree, but you can't afford to survive. Okay, no, no, no. No, I bought it on Black. Friday. It was valued at $300 and I got. it for 75. I got it for 75. 75. And now you need to get the grinder. Now you need to get the beans. Now you. need to get all this. I can get it. I didn't get it. I'm I. just got my beans ground. place that will grind your beans. Yeah, for $7. your beans for free. I love HEB. But Specs had whiskey.

Oh, great. Yeah, that's necessary. No, no, whiskey coffee grounds. Like. it's a flavor. It tastes good. Verizon! That's a big one. $20.17. in terms of a payment. Why the. you're not using something like Helium. for $20 a month? I don't know. But what. the is this for? So, I didn't I I had to discontinue my. services. and I had bought devices. And so, that's.

the remainder of the the. the cost. devices. You took out debt for the. devices. You're not buying the devices. Well, I was financing the devices. What devices? What did you get? Like the phone the phone. Yeah, you got a phone. That's not $2,000. a month. Huh? So, I got the phone I had gotten my. dad a phone and then he didn't He didn't. like it, so he broke it instead of. letting me return it. What the is he? A child? I say. That's what I have to say. are you supporting him? Because he's living like a homeless.

person and I felt bad. I wanted him to. be able to contact me. That's enabling. I like that pen. But. that's enabling. And then the other thing is my watch. It fits your aesthetic. THANKS. OH, THE WATCH OH, PULL THAT OUT. PULL THAT OUT. LOOK WHAT YOU GOT. YOU GOT THE hiking biking watch. You've never hiked and biked a day in. your life. Uh, excuse you? What the. I'm just assuming. Yes, I do gravel bike. I like to hike. I.

like to do all that outdoor stuff. That's why I was I was assuming. You're. all glammy with the gold pen. You look. like a go inside do the elliptical girl. I don't you know, I'm taking. assumptions. No. Hey, the elliptical is what I like if I. like to do any cardio. You should sprint run. like to do cardio. I think you should sprint run. That's. fun. Like check this out. It lets you. give you timers and and so you can do. like 30 seconds at 12 and 45.

I'll be honest. I don't give a. Okay. Okay. Oh, there's so much more to get. through. Your your just your situation's. wilder than notes we have. Your your. life is like a. interesting. Just a quick pause in your Monday. viewing experience to give you $20. Usually when you sign up for Acorns you. get $5 for signing up. But I negotiated. for this month only with Acorns that you. get $20 if you sign up using my link in. the description below. It's literally. free money and a great way to start. investing. So start your Monday off in a.

great way and sign up using that link in. the description below. You're trying to. build up your credit score but it's only. a 635. It's certainly better than 500 so. It was at 690 but with the two loans it. dropped. Oh. Oh, and then also we haven't gotten into. like the other aspect of the vehicle is. that I was trying to trade it. And see if the the negative equity would. transfer over. Obviously. they're not going to transfer over like. $17,000. Yeah, I know. Um.

so when I was looking into doing the. voluntary repossession the guy ran my. credit to get the truck on its own. I. got approved. But he ran like six. reports. Like. hard inquiries. Uh so that's all part of the same. category, right? Huh? No, they all pull differently. Like. they're all reported differently. Uh. Yeah, separately. Well, well, for a car loan or what? Personal loan? What kind of loan was it? No, for a car loan. Like with the. dealership. Yeah, typically it would it would only.

count uh. I don't know, let me see a report. If you you have I think What is it? 30. or 90 I think uh days after you apply. for credit, you can apply within that. certain category without it just. stacking up against you. Like he was applying to different loan. providers. No, I know. But it's like if you're like shopping. for a mortgage, you can apply for. different mortgage Yeah. It pulled like every time. Like it. pulled all these hard inquiries. No, that's fine, but whether or not. they're all counting is different.

That's like something individual. This is also Credit Karma though. So. Credit Karma's going to just calculate. things. Which I don't care for Credit Karma. No, I love Credit Karma, but they're. they're guessing. This isn't your actual credit report. They're guessing based on things that. have happened. I mean, it's pretty accurate. Well, have you pulled a free credit. report? Um no. How do you know if they're accurate? What what are you. What are you? It was literally alerting me as he was. pulling those inquiries. know how Credit Karma works. Well, I'm just saying that sounds pretty. accurate to me.

No, I yes, but it's doing its guess. It's not getting the perfect credit. score. Yeah. Either way, but but pull pull your free credit uh. report. Where? Where is it? Where is it? It's like. freecreditreport.com. Pull it. You'll. get your actual credit report. Don't do. it now, do it when you have the time to. sit down and go through the entire thing. cuz it's a it's a it's a thing. But I have a job now, so. I know. We haven't talked about it yet. cuz this is taking forever. $10,000 of. student loans. for what?

Um I studied multidisciplinary studies. in. business administration, digital. marketing, and sculpture. One of those is not like the other. For curating. You graduated? No. In college. school? Uh so I transferred from one university. um and to the university that I'm in the. current city that I'm in. Uh but I didn't like. semesters did you do? The time frame's not accurate because I. had to do redo.

hours have you completed? Probably like 90. Okay. Did you do like. 3 years of school? Technically, I'm I'm a junior. Yeah. But then COVID hit, so I had to I. stopped going to school. Uh cuz you didn't want to do remote? Well, as an art student, that's kind of. stupid. And then plus like I said. sure. I education value is not as good. remote, you're right. Um in the end, personally, I look at college as more of. an investment, get your piece of paper,

then get your job. But you're right. Especially for the things like that. Uh in person is certainly better. I like school. Plus I didn't like the university that I. transferred to. Trade school's good. Certifications are. good. I like tech ones, too. Course. careers. There's a lot of good ways you. can go by education. There's a lot of good ways. Right now we have 10,272, which isn't. crazy of 90 credit hours if I'm not. mistaken. Mhm. Are we thrilled? No. Especially with the.

5% interest rate, not a super excited. I thought that was good. I want to see 5% or like less than 5% is. what I try to go for for student loans. My student loans are like 2%, so I. refuse to pay them off. uh more than the minimum monthly payment. cuz you know, my investment accounts are. just like. But you're considering, if I'm not. mistaken, from my notes. that you're going to school you you're. considering going to school to going. back. Yeah. Going back. Okay.

Why? Um so to to finish and. um also I was considering using personal. loans. So up to now I've used. subsidized. So interest has not accrued. especially because of COVID. Um. but. with these loans that I had to take. I'm looking to transfer them. to get a lower interest rate. And I don't know if that is a good idea. I just So make sure I'm understanding.

You're thinking of paying them off with. student loans? To transfer it over then I will pay the. student loans. transfer it over? I will use the the loan money that I get. pay them and then pay. that. that could be like actual trouble for. you. Because when they give you student. loans it's qualifying for certain. things. Student loans can qualify for. things related to transportation and. housing stuff like that. Well that it went to my housing. These are their own individual loans. Whether or not they will accept in their.

agreement that you are using the student. loans to pay off another debt. I would doubt. Now that relies on you. getting caught even still and then what? How are you paying for school if you're. using all the loans to pay off the other. loans? I get financial aid and then I would. probably have to pay. that? Financial aid could mean a few. different things. Pell Grants? Yeah. So why would you be getting student Why. would they approve you for student. loans? I that's how I've always gone in. I've. always gone in offered for the grants. and then I've always gone in loan.

offered. the Pell Grants cover cuz you have. student loans right now? They cover you like from when I was. going to school I used to. like out of pocket I would probably have. to pay like three less than 3,000. out of pocket. Okay. How can you do that? You're taking. out student You're taking out loans to. pay your credit card minimums. Um. So how are you paying $3,000? I would do both. Huh? I would probably get like I would. get offers to probably for like probably. like 20,000 and I would only take the.

subsidized loans. But I no offense, but I don't think you. know. what your plan is here with actually. paying. with paying for the $3,000 because you. literally drained your 401k the second. time to pay off $5,000 in. tickets. I'm I'm trying to buy time because if. they would be deferred and well some. $5,000 worth of tickets and you drained. your 401k for that. How are you paying.

for $3,000 out of pocket for school? With the loans, student loans. You said the student loans were paying. off these loans. But I get more than that. So this is debt for debt for debt. for debt. But at 5% interest versus 29%. in tickets? Huh? Oh, yeah. So. This doesn't happen. Like you said when you were talking. that I don't take No, you said I don't. take responsibility, but also as a child. like how am I if my parents didn't set.

me up for success, how am I supposed to. be operate successfully? You know what I. mean? Are we about to have the excuse again. where oh, I didn't learn anything from. my parents, so I'm incapable of doing. anything. Like that's what that's what. everyone does on the show. didn't I went Trust me, my parents were. financially the vast majority of my. life. I'm I'm I'm very proud of them and. happy that after I left to go to. college, my dad's small business started. to pick up and my mom's nursing career. started to do well and they actually. live a good life now, but the vast. majority of my life, no. It was a.

struggle. If we wanted to go out to eat, it was something special. It was. something special. I didn't learn. budgeting. Their first financial tip for. me when I was 18 was take out a credit. card to buy a piano that I wanted. So. Good for you. At least you had that. At least you had that. the. What I am saying is that is not an. excuse for my failures. I then. Who turned out of my way? No. No. I then went out of my way to learn what. it took to fix my life, to get out of. debt. At 16, 17, 18? That's when you got these tickets? Yes.

Because no one told me how to drive. My. dad My dad literally told me to go pick. up a car, and then he was like, "Go. drive it back to the city you're you're. in.". you ask like a counselor at school? They're supposed to teach you how to. drive? No. Why didn't you ask a counselor at. school, "Hey, my parents won't teach me. how to drive. How can I learn how to. drive?". I didn't know to do that. Okay. That's okay. But. So, it goes back to. I don't think enough people approach. their counselors for things that they. probably shouldn't need. I know I.

didn't. I should have. So, that's fine. Um obviously, I would have loved you to, you know, take a bus to driving school. or something. That's what I would have. preferred. So, you ended up just picking. up a car. Yeah, he gave me a car. He has a auto. shop. Um but it had black plates, and. they're not supposed to drive them like. 10 mi away from the dealership. I didn't. know that. And then I kept getting. stopped, obviously. Okay, well, first of all, what the After. one stop, that's it. tell me. They were just giving me um.

tickets for no insurance, and then for. the vehicle not being under my name. did you get insurance to get the vehicle. under your name? Um I did My dad wouldn't help me to get. the vehicle under my name. did you continue to drive it though? You. knew that was incorrect, and you were. facing penalties. Cuz I had school full-time, and I had. three jobs. Mhm. So, you know that I I find it. valid. Okay. You didn't know you could. talk to the counselor. Your parents are. not helping you, and your dad said, "Hey, go do this." And you took the.

advice of your dad. That's great. You do. that. But after the cop tells you, "Here. is a ticket that you now owe. Congratulations, you're in trouble with. the law because of this, that, and. this." You don't then go do this, that, and that. And all of a sudden, the. excuse is no longer valid cuz you. learned your lesson, and you chose to. continue. So, it wasn't until Marfa when I went to. go to Marfa that the border patrol agent. that stopped me there told me about the. black plates and made me aware of why I. kept getting stopped. So,

I I had already gotten several tickets. from that time. But, it doesn't it doesn't matter though. because you still didn't take care of. what was necessary that you were getting. tickets for when you stopped. My dad had the car in his. you were getting pulled over, but they. still told you you need insurance and it. needs to be under your name. That's what I'm saying. I didn't have. the ability to do that because. you knew that you were getting in. trouble for it. Yeah. So, you don't regardless if you know how. to then fix the situation, which by the. way, Google, but regardless, if you. don't know how to fix the situation, you.

still knew that's why you were getting. tickets. SO, STOP. BUS. YOU LIVE IN A MAJOR METRO. TRUST ME. NO, NO, NO, NO, NO. I was going to. school at in a border city, and the. transportation there the public trans- I. did have to take it in Laredo. Okay, well, Laredo is one of the bigger. ones. No, the buses Okay, because so, the time. chain on my on the car ended up busting. Well, I'm not going to assume Laredo. I. don't know their public transportation.

I know Houston's a little better. Eventually, I didn't have a car to. drive, and I didn't like arguing with my. dad. So, I just bought a bike from. um. Walmart, and I was riding it until. literally like the seat fell off, the. handlebars fell off, and then I tied it. up, and then it got stolen. Okay. And I was literally like running 12. miles from my house to school. Listen, I I feel sympathy, but this is. again, if you know you're breaking the. law, it doesn't mean that you're allowed. to just continue doing it. And the cop.

has to tell you why they are giving you. a ticket. They have to. They said they only described they. didn't tell me why they were stopping. me. I didn't know the black plates. But, again, that doesn't matter. It. doesn't I don't give why they were. stopping you. They told you why they. were giving you a ticket and yet you. still did the thing. Cuz I didn't know how to fix it. Doesn't matter. You still chose to do. it. And also. Yes, I didn't need to drive. Click click click click click. Oh, look, I just Googled it. Well, at that time I was a completely. different person. No, I mean that's fair. I For to an.

extent that is fair. You know, I am. being up your past a bit, a bit. Um and. I have been very open and honest on this. show that my past is filled with a lot. of troubled things, a lot of. uh you know, up and uh just a. lot of stupid things, not treating. people well and just all this stuff. And. that does not define me today. What. happened a decade ago, what happened 5. years ago doesn't define me today. What. happened 15 years ago doesn't define me. today. Same with you. Same with you. So, I will stop beating you up for this. What you are today is all that defines. you. What you decide to do from here is.

all that defines you. My main purpose of. bringing up the ticket thing is because. since you had to drain your 401k. to pay for the $5,000, that's why I'm. concerned like how are you going to in. the future now pay. for this $3,000 out of. for school and I guess you said for. student loan, so we can move on. Yeah. You're under the pu- a PSFL program? Pu-. PSLF program? I always say it wrong. Yeah, that's that's how right now it is.

the loans are deferred uh for 12 months. So, basically I have 12 months to figure. out. It should say it on there. Um but around January. But I have 12. months to figure out what to do with. them. If I go back to school, they will. continue to be deferred. So, that's also. another reason why I wanted to go back. Because before all of this, when I was. in San Antonio. No, don't go back to school just cuz it. continues to defer me. That's stupid. Yeah, but it also goes. $10,000 isn't like an insane amount of. money. That's like 100 bucks a month and. if you are actually properly working.

that is not going to make you broke. Well, what I was going to say is when I. had uh the job and when I was in San. Antonio, I was already getting ready to. pay these back. Okay, you owe an energy company. Yes. And. It was 200 and then because I. disconnected they added a $200. disconnect. paid it? And when was this? Um, I don't know. And like I just. $402.18. Let me just try to get through your. finances, my goodness. Synchrony. Didn't we already do.

Synchrony? No. Great. So. You have nothing available. It's fine. You're over the credit limit. are closed. They closed cuz when I was. unemployed. Good. Not good. Those are my favorite. That's You know that's the stupidest. thing you've ever said in your entire. life. you mean? Your favorite credit card? Yeah. They're taking advantage of you. You're. not taking advantage of it. You are not. a credit card person. I don't give a sh. What your favorite credit card is. You're getting What do you mean? You're. getting WHAT DO YOU MEAN? DO you see. that late fee that just happened? What.

do you mean? One late fee. Okay, calm down. And I. could have called and they taken it off. Late fee is One late fee is all it takes. to not be a credit card person. You. failed it. Interest were accruing on two. cards. You failed it. Your credit cards. were closed. You failed it. I was unemployed. Yes, cuz you didn't sacrifice previously. in order to have a fully. AND. AND ALL YOU HAVE IS A FU. And someone. Stop interrupting me. You didn't have an. emergency fund. If you had an emergency. fund, you could have paid for that. IF.

YOU DIDN'T QUIT A JOB WITHOUT A BACKUP, YOU COULD HAVE PAID IT. WHY are you slamming the table? If you didn't cuz that's what That's. what I do. That's what I. Welcome to me. No, you don't like when people slam on. the table, why are you slamming on it? My show, my rules. Navigating through. retirement plans can feel like a maze. Believe me, I get it. That's where. today's sponsor, Capitalize, comes in. A. free concierge platform to find and. transfer your old retirement accounts. into an IRA of your choice. Capitalize. stands alone as the retirement saving. solution dedicated to making your money.

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you're also fired from a job because you. fell asleep, which is a very reasonable. position for a company to fire someone. Synchrony. 1,000 to. aren't. credit cards. Those are emergency credit. cards, and that's why I like them. But, I wasn't paying on time, so they did. close me out. Emergency fund. $1,323.45. Where is Rosa? Huh? Where is Rosa? Uh hanging out with our video editors.

Mika really likes dogs. So, do I. I wish. she was in here, but it's okay. Do you want to hear about that poor. decision? Oh, sure. So, that that So, prior to all of this, I was on track, I. was paying everything, I was doing good, but I had made a lot of poor financial. decisions. Rosa was one of them. She was. $6,000. Really? Well, I love her. She's awesome. Um selfishly I'm glad you did it.

Financially for you, I'm sorry. Stupid, yeah. I don't regret it. I love. her. No, it's. I get. do it again. Sure. Yeah. Sure, sure, sure. But I. mean. dog, man's best friend. Yeah. Wouldn't regret that. You have pup insurance? No. I'd get dog insurance because something. happens to Rosa, it's going to cost. thousands of dollars. What about pup. insurance? what that card was for because. That's not how that That's not how that. Let me tell you the story because she. bit my inhaler and then she got.

albuterol poisoning and that cost me two. grand. Yeah, get dog insurance it would cost. you 200. Who else would like to die right now? Just me? Oh, calm down. I'm not even the worst. person on here. Huh, $697.88. And so those are on auto draft, but the. interest is literally like half. Yes. Welcome to credit cards and why you you. should never use them.

I am a credit card person. I pay them. I. just got unemployed. You know what? I. feel no desire to continue this. conversation. You just said you're a. credit card person? I think so, yeah. I have all the other. credit cards that I have and that are. paid off. They They Two of them were accruing. interest and one had a late payment. So, shut the. No, the ones that you didn't see, those. are at zero. There's a checking account in here, so. bunch of bull spending. There's you. getting kicked off of Lyft. Why are you.

kicked off of Lyft? There's all the sexy. stuff. You're spending $200 a month on. various gyms for That's just There's so. much more we could go through that's. just absolutely ridiculous. But the fact. you just said that is a. joke. Look at you. What is that smirk? What is that smirk? You're being dramatic. You're being oblivious. if you think you're a credit card. person, oblivious. to your reality. And the fact that you consider yourself. a credit card person, the fact that you made so many excuses.

for so many things, and sounds like. you're going to make dumb. decisions with your schooling, I have zero confidence in what can I do. to help you going forward? I don't know. This is upsetting. Going through getting some Thai Market. suits by Jody, taquitos, Cash App and. out money. Cash App and OUT MONEY. A. VENDING MACHINE. You know what? A- Apple, taquitos, You didn't get A. CASH SHUT UP! APPLE, CASH APP, Cash App,

Clorinan something, Starbucks, taquitos. OH MY GOSH. WHAT? WHAT DO YOU WANT? I'M. just trying to read some documents. I. Good. Is this how any conversation with. you is? I Clorina'd Shein. Thanks for interrupting me for that. That was. necessary? What did you spend $1,384. on Walmart for? Rent. From Walmart? Yeah, I get the money order. Starbucks, Churches Chicken, very.

necessary. We can't afford our bills and. have to take out 30% debt in order to. make a $25 minimum monthly payment on. our. credit card. That This is so smart, guys. Taquitos. Taquitos. You do keep the change transfers all the. time, I guess. What your balance is too. low, so it didn't allow you to Cash App. and out money, Apple money out, taquitos, some tostada, tostada, Apple, Cash sent out, keep the change.

transfer. We're transferring it, but it. all comes back in. There's one of the. gems. There's one of the gems. We had. one of the gems on the last one in. Henderson Cain and Cash App and out, Henderson Cain, Cash App and out. That. might just be a repeat uh from your. screenshots. Vietnam Kitchen, Vietnam Kitchen, Vietnam Kitchen. Oh. dumplings. Oh my gosh, I'm turning into. George. That was a George sound. Kill. me. What is my life? Street food, taquitos. Another gym.

Cash advance $25 maintenance fee. Laughter is pissing me off. You're These are your tough decisions. and you're laughing about it? Shut the. Oh my gosh. What? Have you ever had anyone in your. life sit you down and actually give you. any sense of reality? Ever? No. Yeah, that's apparent as. Well, I'm sorry. I didn't have that. But then come into this conversation and. just take it in so that you can improve.

your life and then instead of just. sitting there like a smug. BAD WORD. WELL, you're just a little dramatic. Running out of money. Keep the change couldn't be transferred. because you had nothing in there. Cash. advance money shot. up. Let me get through the document for. sake. Little Caesars, taquitos, taquitos. People are going to think I'm being so. mean in this episode. They just have no.

idea what it's like to sit here. Oh, they have no idea. He is mean. Huh? I said he is mean. Saving says a little bit of money. It. was mostly from the. thing that you did took out the loan so. it was just sitting there. And I have $1,000 in this Chase account. Great. They're taking out the loans. Stupid. You threw my pen. No, don't pick up her pen. Don't pick up. her pen. You pick up my pen. You dropped it.

You're capable of doing anything. Okay. That was funny. That was funny. Now you can pick up both of our pens. What? The is you? What was that stare? That's the I don't know what the to. do with this creature in front of me. Look. What kind of creature am I? I'm sorry.

I'm just losing my mind in this. conversation. It's not even that bad. It's like a. quarter of some of the other people. You know, it's not about that. It's. about your actions and what you're. doing. You just ruined I giggled for a. second. I was happy for a second and you. just you just. had no choice. Honestly, okay. I'm sorry. I hate to do this. People. think it's for drama. I. That there I can't get past that. I. can't get past that.

And yes, this is a real human. being. There are actually somehow people. like you out in this world and it's. insane. I don't know how we're even. surviving as an economy and culture. This is crazy. I'm going to pet your dog. to calm myself down, but I would like to. leave this studio. I'm going to go in. the other room. and just like get on my phone and like. melt away from this insanity. This was a. joke. You're being a joke. And I'm being an insulting little. right now cuz I'm pissed. The fact that.

you can't after all that you couldn't. wake up to anything. Go. Okay. I'm done. Let's save it for the post. show. Let's say hi. Oh, Today on the financial audit post show. You asked me a question. I'm trying to. answer you, you absolute creature. She. says. Hi. You know, I. I don't know how to use credit cards. Maybe maybe to tell you how to use a. credit card since you don't know how to. use them and you're like. I'm going to use credit cards. I'm. really good with credit cards. You're. not. Yes, I am.

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