Loser Husband Blows All His Wife’s Money | Financial Audit

see the childhood of the relationship. I. mean, he doesn't bring in any money and. he apparently spends it all anyway. They. always say, "Don't ever have a plan B.". I've tried to live my life by saying, "As long as things are paid for, that's. all that matters." But you're not. You're not paying off the balance. But. you're working toward the balance. No, you're not. I don't have to do this for. 3 months. Well, she broke up with me and. I was living in my truck at that point. Probably deserved. Hi, I'm Alex. And I'm Alexis. I'm 29. years old and we are based out of. Colleen, Texas. and this is financial. audit.

Thanks for coming down from Colleen. So. all these accounts right here, uh, are. you guys married? Yes, sir. Are these. combined accounts? Yes. Yes. So I have. your guys' accounts. Okay. Very cool. So. what do we do for a living? We'll start. with you. What do you do? I'm a digital. marketing specialist for state. Uh, 58,000 a year. Very good. And what do. you do? Uh, I wait tables and do standup. comedy. Okay. How much do we bring in from I got.

to ask for the comedy first. Uh I think. last year I did 5,000. Okay. So, more of a hobby. More of a. grind. More of a We're trying. We're. trying. We're doing our best. How much. comedy is there in Colleen? Uh we come. to Austin. Yeah. Yeah. We're fancy. Not. into like the big ones, but we we we do. Okay. 5,000. What do you mean? Like the. the big clubs like Mothership and stuff. Yeah. Yeah. Yeah. We went to a show last. night with Oh, we went to a Rogan show. Oh, did you? My buddy Hans Kim was.

performing and Tony and Rick Diaz. Uh, no, Rick. Rick Joey. Yes. Yeah, there's. Rick Diaz. It's really cool. Um, 5,000. bucks. So, obviously we're not living. off of that. How much comes in from the. waiting tables? One, uh, I would say. probably about 12,000 to 15,000. Okay. So, you're the bread winner. Yeah. Uh, okay. Well, we're chasing. Oh, I just got sent. some of your comedy. Oh, okay. I just. got a couple things. You mind if I watch.

these? Yeah, absolutely. On screen. I. love when you watch them. You love when. I watch them? Yeah. Well, when people. watch them, I get to look at your face. and see if you like it. I'm going to look. on my phone because I'm not logged into. Instagram on the iPad. Oh, one of our. editors, Ma, is also clicking on that. link right now himself. He's watching it. in the other room. Okay, good. Let's. see. I'm curious what he's thinking. Well, let's see what we think. Oh, that's not stand. Those are I just make.

uh singing videos as well. I'm obviously. not a singer. Let's see if this one's. stand up. No, it's not. No. No. Justin Bieber's having a baby. Shout out. to Justin Bieber. Yeah. Okay. Sick. Let's watch the last one. Love a fellow. content creator. Oh god. Oh yeah, you picked the best. videos. Guys, listen. I think my house. is haunted. Well, I didn't pick them.

Not a single stand up. Caleb, if you. scroll, there are other standup. Okay, let's watch your. Let's Let's watch your most recent joke. That was pretty good. That was funny. Thank you. Well, they got they got a. little chuckle there. Okay, one more. One more. Little crowd work. Hey, better. than I can do, man. I can have to live. Better than my singing. Yeah, that's interesting. That was those. those first three were definitely. interesting.

So, $5,000. Yeah. Well, Facebook just. started paying me uh tens of dollars. Huh? Facebook just started paying me. tens of dollars. Oh, tens of dollars. Yeah. Okay. So, what is the overall plan for the. household? Where are we sitting at today. then? cuz obviously you're not bringing. in much. Say bring in an extra 20. Okay, great. So, we're getting to, you know, close to 80. What What What are we doing. right now? How How are we feeling?

What's going on? Uh well, they they've. just increased our mortgage uh what by. $400. Property taxes. Uh property taxes. and then insurance because of all of the. storms and everything. Yeah. So, that. hurts. Okay. Yeah. No, we're just is. that the bills are getting being paid. right now. So, okay, they're being Yeah, they're being paid, but there's not a whole lot extra. afterward. And then I I think with uh.

we're the goal obviously was to pay off. some debt, but we have just Why? Well, I. don't like debt. That's my No. Why have. we just as you said? Oh, well, so we we. have gotten out. We keep getting back. taxes where uh I don't know if you guys. know this, but if you don't pay taxes, they come find you. Who's not paying. taxes? Both of us. Well, are you nonwed? No, I am. He has just worked so many. jobs, we didn't file a couple of W2s and. them. So, it's not Yeah, but she filed.

Yeah, it was collective. But it's your. Okay, but it's your W2s. Okay. Yeah, but. it feels better if she's the one who. filed. Are you the one So, you're the. one that files. Not anymore because of. that incident. But do we file jointly or. separately? Joint. Okay. How. is there responsibility on both sides in. this relationship when it comes to. finances? Absolutely not. She doesn't. let me see him. I don't not let you see. them. He just doesn't care. Why don't. you care? I'm just a big spender and she.

says absolutely not. Don't spend that or. spend it. Is that true? So, you don't. let him control any part of the money. because he just goes and spends it. I. just have to I'm the only one who checks. the bank account. He doesn't check the. bank account. Why? Cuz if I check it, I'll be like, "All right, I probably. shouldn't go spend $50 on cigars today.". Cigars. $50 on cigars. Yeah. In a day. Okay. All right. Well, let's just see. Let's just see. We're going to jump into. the finances, but I want to see where.

you guys think you're both at as a. household. So, this is a household. I'm. going to go 3 2 1 go. and on go. I want. you to give me what you think is the. score at the same time of your household. finances. Zero being the absolute worst. it could be, 10 being the absolute best. it can be. So, 3 2 1 six. Wow. Interesting. So, we're kind of on the. same page. Do we both feel like we know. where the house is at? I think so. And. we're trying to pay off debt, but we're. not paying off debt is kind of what you. said. But we're above like a solid solid.

like right down the middle five. like, okay, solid. Yeah, cuz we're above that. Yeah. All right, let's take a look at. your deck. All right, discover it. Everyone gets. the Discover it card. Mhm. Mine's pink. I like to do just over the the minimum. On what? Everything or was it just that? No, on everything. Okay. Like if my. minimum is like Yeah, but also you. completely ruin it though cuz then the.

discover it. Sure. You had $4,64. and the minimum payment is close a. little under 100. Then you put $100. towards it. So, okay. Uhhuh. Cool. But. then you went and spent $20. So, completely negated it. You completely. negated it. And then interest of 67. $6759. Even though you put $100 towards it, the. balance only went down by uh like 10. bucks. Yeah, but you get cash back. Yeah, but with the Come on. with the. $6759 of interest. Well, cash back is.

competing with that. And in a single. month, $6759. of interest. Yeah, but if you look at it. like you get cash back on every payment. throughout the month, eventually you're. going to get like see the child with the. relationship. I mean, he doesn't bring. in any money and he apparently spends it. all anyway. Cash back. What the cash. back is for people who never pay for. interest that's never acrewing. Uh what what's the what's the cash back. on the Discover it? Uh, it depends. because they sometimes they give you.

like 5%. Okay, 5%. That's pretty good. That's. pretty good. But on your balance, you're losing 18%. So. net. like 12%. Yeah, they don't say. See. right there? 5% cash back. Well, yeah. Yeah, you got 21. You got 21 cents. Congratulations. Plus 60. When you say it like that, it doesn't.

sound so good, Caleb. Yeah. So, why do we do it? Do you believe it? Well, I did until Well, so like we just. bought gas today and I put it on my. Discover card opposed to the bank. account. The Discover it. Correct. Okay. Why? Because I thought if I got the 5%. cash back that I'm saving money. Okay. What do you think about this? I was. literally going to put it on the bank. card and he said, "No, I'm going to put. it on my credit card." I headed here. Yeah. Which one? Who Who pushed to come.

on here? Me. That doesn't make Then you. know the show enough and you still put. it on a credit card and you're sitting. here talking about cash back with me. I'm very confused. Well, but because. we're going to pay it off before it. starts, but it was only $25. No, but. that doesn't matter. The balance is. literally only going down by $10 and. it's sitting at $4,592. But if you get and that's getting acred. at 18% rounded but if you pay that 25. off before the next cycle you shouldn't. get interest on that. But your overall.

balance is huge and that's gaining. interest. So you not the money you're. paying off is I guess in your. mathematical way paying off the thing. you just purchased instead of actually. paying down the balance that's gaining. interest. So still it's being completely. negated. I feel like there's a loophole here that. I'm missing. There isn't. There isn't. If at 5% if I get 5% back. and I pay it off, you you sound like.

Theo Vaughn. I get compared to Theo Von all the time. And I I promise I I did not beat Down. syndrome. He says that. That was a bit. of his. I don't know if you know Theo. I. did. Uh that's why I mentioned him. Okay, good. Uh, but no, so at 5% if I. pay that back before, then I didn't have. to use $0, right? I I made $0 if I just. used my bank account. I get what you're. saying, but because what you're doing is. paying back that immediate purchase,

you're not paying down the overall. balance instead. And the balance is. sitting in there thick. But but I will I. will still pay my $100 like you said. from the top. So you didn't put extra. this You didn't put extra on this. statement. No, but but for today, why. why is today special versus this one? Why is it different than this statement? I see. Okay, fair. I see what you're. saying. But that was today in my thought. process. That is why because I figured. if I got 5% back on this gas and then I. still do my $100 with the the the cash.

back thing. Well, yeah, cuz have we had. conversations about this? What what what. is happening? What are the conversations. around the credit cards, the debt, the. purchases in this household? Well, she. tells me not to use the credit cards. You Well, you say he can use the credit. cards. I try to tell him no. I'd rather. not. If we have the cash, I'd rather not. what? If we have the cash, I'd rather. not put anything on the credit card. That's not really putting your foot down. saying I'd rather you not. I try not to. be controlling. I don't want you to be.

controlling either, but it's also just. like communication, having a. conversation about it. just he clearly. doesn't even now after this conversation. he clearly doesn't seem to understand. what's wrong with putting it on a credit. card. So it's just like we're not commun. What are Well, so my credit used to be. uh what are her financial goals for you. guys? I have no idea. There we go. That's huge. The fact that he doesn't. even know what like a household what do. you have financial goals for your. household? Kind of. I would I've told.

him before that I would if I had just a. house payment, a car payment, I'd be. content. It's really just the credit. cards. Like I don't want debt elsewhere. Car payment still. What What are his. financial goals? Uh I don't know that he. has any. So you guys just don't talk. about money. But this is a big part of a. relationship. That's why I said as long. as the bill as the long as the bills are. paid. Yeah, but the minimum bills you're. losing money. You're losing money. But. the cash back you're gaining money. Are. you like actually like are you me. because you're a comedian or like No.

What is that? Cuz that's dumb. I've. already explained this multiple times. But like that's dumb. But if you get the. f if you're going to pay it I. but you're not. You're not paying off. the balance. But you're working toward. the balance. No, you're not. You $10 $10. in net after putting $100 towards it. $10 in net. That's not bad. Oh my god. Is he with me because he's a jokester? Is that what's happening? Or does he.

really think this feel? Hey, I do believe that there's cash. I. believe the cash back is bonus. He does. legit say that though. It's real. It's. real. That's for people who are credit. card people who can pay off the. balances. You need a card, dude, like. the Fizz card or any other charge card. that forces you to pay it off at the end. of each month and then you still reap. the benefits. Yes, that's what you need. Yeah. But so I started I think whenever. I first got my my first credit card I. had a 612. credit score and now I'm up to like an.

800. Yes. Debt loves you. Debt loves. you. You're utilizing it the way they. want to. I mean the the credit line on. here is 18,000. So like yes, there's a. big enough gap there, but you're still. getting completely the interest over. across the entire statement. You lost. $248 this month in interest alone across. everything. Yeah. Cash back's not that. much. Well, the car and credit cards, that's not even including the mortgage, but the car and credit cards.

was 2,000. 280. Oh, 280. Oh, yeah. Okay. Which if you were on your own with that. would be a substantial amount cuz you. don't make any money. Yeah, that is. accurate. Running a YouTube channel like the one. you're watching right now is a full-time. job. Especially when it comes to video. creation, content planning, making sure. the lighting is right, ensuring good. audio quality, endless hours of video. editing. I could go on forever. Wouldn't. it be amazing if we had an assistant.

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comedy was was kind of interesting. Again, I'm not like a judge. I'm not a. comic. I'm not anything like that. I can. only go off of, you know, what my gut. reacts to. Um, so, and this is obviously. a town to make it in, but it's beyond. competitive. Beyond competitive. Um, how. long have you been trying? Uh, I've been. doing comedy for 5 years. Okay. And. we've made $5,000. So, are we getting an. extra thousand hours per year? Probably. Yeah. Yeah. No, it's more than an extra. a year. Uh I I think I'm on track to do.

closer to seven this year. Seven or. eight, probably. Have you ever done a. bucket pull? Uh Kill Tony. I sign up all. the time, but I never get pulled. Oh, that'd be cool. I like to go to the show. as much as I can. I would love to see. you up there. Thank you. Be cool. Yeah, it'd be fun. Hopefully, I would applaud. Yeah, you might. It's up to you. I'm not really a booer. No. No. They. love booers. Yeah. Especially Yeah.

Okay. Etsy. That's what we spent money. on something on Etsy. Yeah. On the Discover it. $20.56 on. Etsy. What the That was That was a. surprise for me that she bought. But. see, that was her. That was That was me. Yeah. So, what are you doing? You're. supposed to be the responsible one. That's not funny. I think it was the my. card connected to my PayPal. So, I just. went ahead and purchased it rather than. going and getting my bank card. because I ordered it through PayPal and. no cash back. What's your obsession?

See, you've fallen for the trap. You've. fallen for the trap. Okay. Now, the classic Wait, we have two. discoverers. Yeah. So, that was probably. hers. This one's mine and the pink one. is his. Yeah. See, now you'll start. authorized users on uh No. Oh, I asked. if at the beginning all accounts Oh, okay. Sorry. That's a bank. The bank. account. Yeah, I forgot the bank. account. All of my credit cards are. mine. Yeah. And then hers are hers. That. is my only car. Oh, no. I have two cards. in there, actually. So, you're the one.

with a balance of almost 5,000 bucks. And you don't. And you're spending on. it. And you're supposed to be the good. one. That's how this was set up. That's not funny. What are we laugh? What are we laughing? What are we. laughing? Why are we laughing? Do people. think it's so like cute to be bad with. money or something? Like what is happen. $20? Do we have to go through this. again? Just like the gas thing. I know. it has net net only $10 went towards. paying off the card even though you gave. it $100. That actually got refunded, too, because they messed up my order.

Okay. Still, even with your spending. Yes. It's It's hilar. Is this cute? What. are we doing? Why are we all laughing? I'm embarrassed. She does get. embarrassed easily. So, I'm laughing cuz. I'm embarrassed. Okay. Okay. Fair. enough. So, you're discover it? Yes. Now, I have no idea what has gone on. that probably. So, you guys don't even. know what's happening on each other's no. credit cards? No, probably not. You guys. need to just sit down and talk about. We're going to send you through our. budget budgeting educational system. You.

need to go through that together. Literally go through it together. Spend. the 3 to four hours it takes after. quizzes and everything. Go through that. together. Seriously, please. I need you. to you guys need to start having. conversations at a minimum about what. the is going on. financially in the. household. Yeah, we there was a couple. years ago we sat down and we actually. were like, "Okay, we spent this much on. this, this much on this." Uh, but that. was I think like 2020 and we have not. looked back. You know, the last time a. comedian came on here and then ended up. going on Kill Tony, he got obliterated.

Really? Like his set flopped beyond. hard. Wow. Thanks for putting that on. me. Yeah. Again, it's not something I could do, but I'm also not signing up to do it. Again, you're the good one apparently and he's. the bad one in the finances, but his. balance is half the size of yours. $2,191.77. with a $63 minimum monthly payment. You're right. You did put way more than. the minimum on yours. Okay. Yeah. So, I. didn't know which one you I didn't. realize I was, but you still went and.

spent $400 then. So, I I'm still. confused because $42 of interest is. acrewing on this. So, why are we. spending money on a card that is having. interest acrewing? Why not to get it to. zero, then do the purchases you're going. to do, then pay them off every time? Why. would we do purchases on a card that. already has a balance that you can't. fully pay off? Yeah. So, that one. literally the reason So, uh you should. be Is it the Walmart? Is that the. purchase that you're talking about? Let's see. Cuz there should be like. Walmart's one of them, sir. It was a big.

one. But then there's also comedy club. and uh going in a gas station, getting. some going in a gas station, getting. some Uh spare time. Is that a. gas station? No, that's a bowling alley. Yeah, bowling alley. Great. And then a. restaurant, the gin. So, no, not just. Walmart. Five bull purchases on a card. that we can't pay off. Well, so the big one at Walmart was I. lost my headphones. Uh I was actually on. my way back from Michigan doing a show. and left my headphones on the airplane,

so I had to go buy more AirPods, but I. put it on my credit card. I'm an avid runner and I. Congratulations. Get a pair of. headphones that go over your ears that. plug into your phone. That's Yeah, you. don't have money. You make no money. That's fair. But the reason I put it on. the credit card was so that way I could. get the cash back. Oh, you're gonna. murder me. You I don't think I can get. through to him on this cash back thing.

I really don't. But what did I save? What did I save on those headphones by. using cash back? But you're not though. because in the end, remember, you went. to p throw that $1,000 at this overall. balance, which would have taken it down. further if you didn't put the AirPods on. here. So, in the end, the balance. remains higher and is getting attacked. with a 22.24% interest rate, which is. well above whatever cash back you got. Not even close to comparable. You're. losing. But did I pay that one off? You're literally making like a dollar. off of losing $100. If I I believe I.

paid that one off instantly though. No, the the purchase. No, but the money you. were throwing towards it because you put. money on it, the money you throw towards. it decreases the overall balance less. because you got such a big item on it. and that large amount of interest is. acrewing on that balance. A whiteboard, please. Yes. Oh, you're losing me here. This is Noah's.

special little whiteboard and I'm going. to steal it. How do I want to visualize this? How do. I want to visualize this? What? Oh my. gosh. Dildo marker. Well, that makes sense. Okay. Okay. Trying. Go with me here because I'm trying to. think of how to visualize this. Okay.

Here is the big scary debt. Mhm. Okay. Let's say this is a. $2,000 debt. Okay. You have an extra. $1,000 to throw at it. Yep. Okay. But. this whole 2,000 is acrewing interest, right? Okay. Let's say at 22%. Okay. You have a gorgeous, gorgeous. $1,000 you can throw towards it. It's.

incredible. $1,000. And you could throw it right at this to. cut it in half. But uh-oh, we went and. spent $250, which would be about this. much, $250, right? So now when you cut this $1,000 in half, it's no longer in half anymore because. you still added more to the pile. Well, yeah, of course. Okay, I see. Yes, I see. that. This is still acrewing interest.

because less in the end was paid off. because you're adding a balance to the. stupid thing, right? getting. But so if. I would have just taken the the $250 and. bought the headphones outright, that. still would not have gone on there. Yes. You couldn't afford the headphones. You. couldn't have afford you just couldn't. afford them. And if you're going to put it somewhere, don't put it at least on the card. Even. if that means you have $750 less on.

here, just your behavior. Your behavior. of thinking you should be putting things. on cards is bad. You need to address. your behavior. So, you're saying if you. have the cash to just pay for things in. cash and just leave the card alone? Let. me cap this thing up before it gets. someone pregnant. Thank you, sir. What do we think about that? So, if. you're if I have the cash to buy the. headphones now, I should have just left. the card alone and just put the. remainder of that,000, which would have.

been what? Roughly $750. I have another. graph for you. Okay. help visualize this. because we like to be helpful. Yeah. The. red is the cash back rewards you are. receiving. Okay. The blue is the. interest that is hitting you. Let's see. what the reward versus the consequences. are. Okay. You can see how they compare. Is that red really improving your life? And what is this on? Putting it on. screen across your credit cards. All. credit cards, right? Both discovers.

Both Discover credit cards. Mhm. I was broke. and you just held on I the loan money. and spent it instead of correct. Okay. Because obviously if you drop out of. classes within those two days you you. know you don't have to pay for those. credits typically. So. you're in that refund amount of time. Yes. But we used it and we just spent it. on what? So I live I was in Florida and.

she was in Indiana and I used that to. move to Indiana. borrowed money, man, and student loans. Okay. What do you think about that? Uh, I. mean, I'm glad that he was able to move. up. Yeah. Well, also, what were you. bringing? How did it cost 3,000? I'm. just confused. I I No, he lived on it, too, after he moved. Okay. Well, that.

makes sense cuz I only associate uh you. know like yes, we can bring in uh. statistics from other people, but I'm if. I'm just thinking about myself, when I. got my job done in Austin, Texas 5 and a. half years ago and I went from Michigan, I paid a security deposit down on. something, gas money and stopping for. food on the way. Other than that, I. literally just like threw away or gave. away or even tried to sell, but that was. harder cuz it was like a onewe turnar. around. like twothirds of my stuff, packed up everything else in a sedan and. just drove down like Yeah. Really?

$3,000? That's just Yeah, that's what I. did. But then I lived on that until I. got to go until So why did you say it. was because of moving then? Well, because it was Yeah. What do you mean? Because I So I was working at a shop in. Florida and you could have gotten some. McFry job. You could have That's what. Yeah, I I did. Yeah, he did after the. money was gone. After the money was. gone. So, you wanted to go through the. Well, no, because I had a business idea. that I So, I You have a business idea. What's your business idea? So, I bought. a couple motorcycles and I was resell.

them. Oh, me. But I ended up selling. them to somebody who uh was a close. friend who took advantage of the. situation. Sounds like a great friend. Turned out to be not such a good friend. Uh so, obviously, I lost all of that. money and then that's when I got a job. You want to be told that that's a stupid. business to get into, apply to be on the. show. Caleb.com/apply. cuz that's a stupid decision. Either. way, for someone in your position at.

that time, I borrowed $3,000 to live. Like, I don't think we're taking on the. risk of starting that type of business. so much like in if you flipped this. motorcycle and I could have made a. couple thousand, which was the goal that. I could think I don't think your goal. was to lose money. I'm not saying that, but it that is what happened. But I know. that's what happened. Okay. So, how long. did you try that and then you went and. got the McFry Duncan job? Uh, I think. that was about Yeah, about 3 months. 3. months. I wanted to do this for 3.

months. Well, she broke up with me and I. was living in my truck at that point. Probably deserved. I can say that cuz you guys are. together. I mean, aren't you married? Yeah. Yeah. Okay, cool. And we we got. back together after he had this job. Yeah. Yeah, because you know. I mean he's kind of it seems like he's. kind of in this uh cycle of uh trust me. I I'm talking about him for a second but. you're not good with your finances. We've gone this but let's just talk. about jobs and stuff like that.

Seems like maybe some aspirations. Yes. But just kind of fumbles around and. tumbles around trying to shoot for the. stars without. really bringing in money ever. Uh, I. mean, yeah, kind of like because he's. definitely job hopped, but it's like. that's what as long as he's making. something and but there's it's more than. that though because just making. something isn't necessarily going to get. the household to the goals. Now, we. don't have household goals, which I. think is the main issue because without. goals, we're kind of aimless. We don't.

know what we're shooting for. So, you. don't know what to do to even get there. I guess if we have no goals, if we have. no retirement goals of what we want to. do in retirement, if we don't want, you. know, travel, all this stuff, if you. want to be able to spend more time doing. a comedy without having to worry about. the debts over your head and paying for. rent and all whatever you know is going. on, mortgage, um, saving up for a down. payment, you know, having kids, stuff. like that. If if we don't have the. goals, then just around works. Yeah. But that. won't work in life in the end. Yeah. Yeah. I I've always been the kind of guy.

that, you know, if you look at any of. the uh your your A-list people, they. always say, "Don't ever have a plan B.". So, I've just I've tried to live my life. by saying, "As long as things are paid. for, as long as the the we have a roof. over our head, that's all that matters. Just put as put in as much time for your. We get nowhere from that, though. What's. your what's your retirement plan, both. of you, as a household? What are we. doing?" I don't have any idea. They're. the same age. So, I don't know if I can rely on social. security by the time I retire. I mean,

they keep having to push back retirement. age because it's, you know. Mhm. It's. not managed very well. So, yeah. Uh, I. have not thought about it. She has a. retirement. I don't know how much. I. don't know. I don't know what I've put. into it. I've been working at my same. job for six years. Why haven't you. looked? I don't know how. I don't know. You don't know what company it's with? I. don't have any idea. Oh, okay. What's. your percentage contribution? I'm going to my rest. Okay. Not a clue. I had uh when I worked at a mattress.

store, I had retirement, but then. whenever uh I quit working there, I. pulled it out. That's another thing with. the the the. no goals. This is like, oh, it doesn't. even matter to have retirement at that. point. May as well just tap into it if. we're not trying to get somewhere. So, okay. And you're not paying on your. student loans. Are you in a weird. payment? I kind of screwed myself. I uh just last. year I tried to go back to school and so. I what uh business administration. I.

mean that's great. Yeah. And but it. ended up being way too much. So you're. not making bad money. No. Unless you. know you just wanted a different career. path, which is totally okay. And that's. kind of Yeah. So you're in a little bit. of deferment until how long? Until when? Uh I just got a notification that. they're actually supposed to start again. in August. So, your minimum monthly. payment is probably going to be like 150. bucks. Oh gosh, I didn't know it'd be. that much, but probably I mean unless. you're able to get on like.

uh you know, there's different repayment. plans you can get on. Yeah. But even. still with those like interest can acrue. more and then if you're looking for any. kind of forgiveness, you know, depends. on job, depends on life situation, depends on the repayment plan, but even. still once you get to the point of. forgiveness, it also kind of depends on. administration, who's overseeing the. department of education, you know, there's a lot of risk involved. public. student loan forgiveness. That one is. pretty darn good. Uh the statistics are. screwed on it a bit where they're like. almost no one makes it, but that's. because yeah, a lot of the people who. apply for it don't qualify for it. already like legitimately. So like.

excuse the statistic, but typically as. long as you're actually sticking in the. job that qualifies for that and you just. don't up along the way, you can get it. forgiven. But um but that's not even. your situation anyway. So I think it's going to be like 150. bucks starting next month. You said. August. So, here in a couple months. Yeah. Your student loans are 3,000. What's up with the payment on that? Uh. 50 bucks a month. I think it sounded which with co we. haven't been paying on them though. Yeah. It just restarted. Yeah. I think. last October. Yep. Yep. Well, that's.

fine. Yeah. Um so 3,000 I think it's. down to like 23 or 25. Yeah. 25 or. something in there. Okay. And then the. mortgage. What I love about this is the. 2.75% rate. So when did we get this. house? 2021. Yeah. Yeah, that was a fun experience. And we're happy. H got our house. Yeah, we're happy with the house. Uh it was. just we did it we bought it side unseen. and What? Yeah. Yeah. We had never been.

That's a choice. Yeah, kind of. But uh our realtor didn't. even do like a final walk through. Yeah. Yeah. It was just hire the realtor. Yeah. Yeah. What are you doing? You. signed You signed on a home and a. mortgage without a final walk through. Yeah. We didn't know. We didn't know. that she didn't do the final walkthrough. for us until we were signing the papers. Yeah. She didn't even show up to our. closing. Yeah. Who the are you guys. using? Yeah. Yeah. It was rough. But the. house is nice. Like it's a really nice.

house. But Well, what's the issue then? The way in the ghetto. Yeah. Was city. clean? Yeah. Clean has a bad part. Uh. I've never been to clean. What is the. bad part? Oh, Colleen's bad. Isn't it. just a military base? Yeah, the worst. one in the in the country. Worst. military base in the country. I've never. heard that. We've had quite a few. cleaners. There's document or. documentaries on Colleen Vanessa Gillan. or Yeah. people going missing. She I was. uh just at work the other day and she's. like, "Yeah, another double homicide.".

And it was like a 1.5 miles away from. our house. Yeah, man. Okay. So, did you. research the neighborhood? Uh yeah, the neighborhood looks nice. The neighborhood is nice. It's more so. that Yes, it's the town as a whole that. is not the best. So you don't like. living in clean? Why are you in? It was. affordable. We were We tried to move to. Texas for comedy. Austin. Yeah. Yeah. And that's just where we could afford. what's a Well, I guess 161,000. Yeah.

That that's definitely difficult even in. the far reaches of Austin. Mhm. And I. just didn't want to rent anymore. I was. tired of renting. So I love the rate. Um, honestly, I personally love this. purchase as long as. it's in a place you like. Yeah. Well, and it was a It has its perks and it has. its downfalls. Well, are you guys gonna. have kids and you want to raise kids. there and all that? Uh, that's where. kind of you're like, I don't know. So, what's the plan with this? Cuz I mean, the Texas market in general has been in. a little bit of a dip. Don't know.

specifically about that area, you know? I mean, probably when no one ever really. knows. I mean, you still probably need. to hold a home for at least like 5 years. is the typical, you know, you know, least break even hopefully after all the. fees and everything when you Yeah. Which. we're in good shape right now. Like we. get a quote, a monthly quote on what the. value is. What is the value? Like 230. 240 now. Yeah. Somewhere right in there. Okay. It's decent. So I think they say. $161,119. and the monthly payment with everything. included is 1523. Mhm. Okay. Yeah. That.

was an FHA loan, I believe. So, we pay a. little extra like insurance a month or. something. So, sure. If you want to take your investing to. the next level, my new investing course. is still on sale until July 1st. We're. offering the course for only $97, which. is $50 off. You'll get over 55 lessons, the best budgeting spreadsheet, known. demand, portfolio strategies, worksheets, retirement strategies, and. I'll give you a $100 Mumu cash reward.

when you sign up with Mumu. Check out. the link below for more. Stop buying. sweet treats, people, and start. investing. And then what is the 7% debt. that I know? 14,100. Oh, what kind of. car? It's a Mercedes GLK 350. Can't even. picture that. It's an SUV. Yeah, a small. SUV. What do you guys need an SUV? She. likes SUVs. We've had Jeeps and. um Okay. And that's 7%. That's not. great. No, it's not great. What's the.

minimum monthly payment on this? Uh 310. These are stacking. These minimum. monthly payments are stacking. It's. $14,153.93. Okay. There's also a checking account here. And it's mostly just money is being. sent. Yeah. It's all around in a. franchise tax thing. Oh, there's what it. is. Oh, that's Eventbrite. Yeah. Whenever like for our comedy shows. Yeah. What? When we sell tickets to. comedy shows, it goes into that account.

But that's what if you saw in the. statement where we were paying out. comics and stuff, a lot of that Wait, you host your own shows? Mhm. Why? Instead of getting booked. Uh, like you. said, there's a lot of competition. So, you just create your own opportunity. And how are how do those go? Pretty. good. Yeah, they go pretty well most. times. Where do you host them? Uh, up in. Colleen. We do stuff in Temple. We do. stuff in Georgetown. So, not in Austin. for hosting? Uh, not not around. No, usually when I'm in Austin, I get booked. somewhere by someone else. Okay. Can you roast? Uh, I don't like to.

Okay, that's fine. Yeah, I just I don't. like to be mean to people. I'm just. trying to find a way to destroy Noah's. life in the post show. Okay, but uh I. don't know. He I I don't know the order. of episodes coming out, but he destroyed. my life in yesterday's post show and the. episode recorded, so it is only fair. That's funny. Uh a roast would have been. good, but obviously that's fine. Oh, Noah tells me we're going to smoke. cigars. Yeah, I told you 50 bucks. I. love a little bit of cancer for people. who subscribe. Yeah, absolutely. It's.

great. That's all right. Checking account 348. That's actually dangerously not a great. balance. No. When payments come to hip. Mhm. I see a little payment from comedy. there. Cashing out $40, $30. Etsy, Apple. bill, Apple bill, going to a gas. station, getting some getting. some donuts. So, you're saying you're. making no progress on things, but I. mean, look at the spending. Yeah, the. spending's horrendous. Uhhuh. We doing. uh parking somewhere. Parking somewhere.

Sometimes you got to park, but. Plaza probably another parking in and. out. Going inside getting some bull from. 7-Eleven. PayPal and out. $17. Amazon. There's your student loan payment. Uh Dunkin Donuts, Baskin Robbins, car. wash. Got to wash our car. 14. It's your. new car. Wait, what year is it? Is it. 2014? 2014. It's worth $9,828. By the way, we checked. That's it. Yep.

You're underwater. 56,000. But good thing you're getting it car. washed. Going to gas station. Getting. some Paying tolls. Getting our. tolls for uh to drive that car. Pirate. ship post. Pirate ship post. That's. sending out merch. You sell merch. Mhm. Is this successful? Yeah, it is. Okay. Who's buying the. merch? Me. You're buying your own merch. Oh, you mean like Yeah, it's other.

people. I thought you meant who's like. buying it like bulk and then I sell it. No. Who Who is purchasing your merch? People that come to shows and people. online and Yeah. Yeah. Friends and not. just friends. Well, like the online. stuff is mostly friends and family and. fans. She's putting you in your place. I. guess. she's uninvited. She's humbling you. I'm. uninvited. Yeah. Sometimes it's it's. always good to be a little humbled, you. know, you're in and there every day.

Well, yeah. I mean, every day of my. life. I was just looking at I wanted to. see your follower count. Okay. When it. comes to you, you know, that's not too. bad, right? 3,000. So, and that's just. it's hard to market a lot of merchandise. for just It is. Yeah, absolutely. But. over 4,00 again. Going back to the gas. station getting some bull Door Dash. Dunkin Robbins and Door Dash Dunkin. Robbins. Great. 524 in the savings only. up $22 and that's it's just a keep the. change type of thing. See. cash back $22. Keep the changes in cash.

back essentially. I mean it's the same. You remember the interest you lost. including mortgage was $248. But what. I'm saying is in my head it all makes. sense until now. Until now. Would we. like to do a group project? Okay. All. right. It's enthusiastic. Yes. I didn't. know if that was a real question. I. wasn't sure either going to answer. We're going to do it anyway. We are. going to do it anyway, but I was hoping. you were like, "Woo, how you really had crayons." Well,

markers, we're getting the We're getting. the crayon version pretty soon. Good. Now I can relate. You really do sound. like Theo. It's interesting. Well, we I. think he grew up probably making less. than $15,000 a year, too. Probably. Yeah. And then he was the low percentage. that made it and I love it. And I would. love you to make it again, but I'm just. I just go off of odds and the fact that. really I mean you guys just have to. define your goals, you know? It's like. if your goals aren't defined like you. got to figure out what you got to do to.

get to your goals. Right now you don't. have goals. So we don't know if what's. going on is okay or not, right? That. makes sense. Well, we're certainly not. making any progress on debt. We have. barely any money in our checking. account. Our emergency fund is. non-existent. You don't know how much is. in retirement. You do not have anything. in retirement. So everything's joke. Okay. A group exercise. And here's the base of the chart. And you're going to draw two box charts. in whatever. thing. way you want. So what you're going to.

do, this is grocery spending. Okay? Going to grocery store spending, which. is a very interesting thing we haven't. talked about yet because I wanted you to. figure out, you know, what we're doing. So let's say you draw the average. I. don't know what the average is, but. let's say the average, this is a big. thing of average for the average. household in the United States grocery. shopping. And let's say it's, let's just. go crazy number, so I'm not giving you. any hints. $10,000. So this is a $10,000.

chart. And let's say you spend 5,000. So. you would draw your chart halfway. through and you would do 5,000. This is. for a month. Okay? A month of the. American average, American household. average, and your average for groceries. for grocery store shopping. Grocery. average national yours. You want me to. draw it? I want you guys to group think. on this and like put your brains. together for the first time ever. Okay. And like actually decide where's the. national average. I want you to also. give me the number in the bar chart. So.

decide where you think you guys are at. and where the national average is at and. make sure it's proportional. I will give. you time. Okay. Work. I would say weekly. and you can tell me if you disagree but. weekly. I think people probably spend. somewhere in the ballpark of three to. 350 on groceries. I disagree. Okay. What. do you think? I know that your brother. and Lauren spend a hundred for their. household of like six people. 100 a. week, I think. So, okay. So, so I'd say.

for a month, 500 is the average. Okay. My household. Okay. I can see. that. Oh, okay. So, we'll just we'll go. I'll let you write it. Here you go. 500. And then we on average spend roughly 100. to 150 a week. So, that's going to be. what? Somewhere in the ballpark of. $500.

probably. So, we should be right on par. Probably. But we're only two people. Well, My box was bigger. You also didn't draw. it in the right color, but that's okay. Oh, yeah. Cuz that one needed to be red. You want me to go over it? It's fine. You're good. So, to be clear, you guys think the national average for. the household is $500.

Yep. And you think you are the average. household and you spend $500? Yep. Okay, close to the national national average. $475.25. for that month. You guys, this was a. little higher because you told us. Walmart was grocery shopping, but you. know, we've just found out the AirPods. are from there, so we subtracted that. Okay, we subtracted that. So, uh, but. even still, you spend likely $750 a. month, which is going to be up to this.

new line, which I crossed out what was. likely the AirPods. Gotcha. So, so you. guys spell and you don't have kids? No. You don't have any dependence as far as. I know. Right. Right. And you guys spend. probably an extra $250, $300 more than. the average household in America. So, that's where you guys are compared to. the average. But. let's figure out your financial. potential plans to get out of here. Let's create a budget. Is there anything. else? Is there anything else I'm missing.

here? So, I you keep saying goals. I want to. My plan is to I want to buy another. muscle car. I have another muscle car. So, I've got a 76 Firebird. Okay. That I'm restoring. Oh, what is. this? Sit in the garage for 30 years. It's been there 3 years already. That's. how it usually goes. Okay. But I've been. working on it. But so, yeah, you screw a. bolt once every two months. Well, I'm. cutting metal. It's It's taken But so. How much money have you put into that. car? Uh, I bought it originally for.

$850. I've sold some things off of it, got it down to $500, but then I bought. $3,500 in new parts and it's not doing. anything and you're not paying off debt. and you have nothing in retirement, but. we're putting it into a fire. Cool. And. you want to get a new one even though. you haven't done anything with your old. you've done stuff, but you're not. driving it. Is it drivable? No. Okay, great. So, we should probably get a new. one, right? So, what's this? What's this. new one? So. that is so I can drive it while I work.

on this project. What? But do you is how. do how do you guys you have to is the is. the is the Mercedes the only drivable. car at the house? No. No. We have a lot of vehicles. What the How many cars do we have? We. have three cars. Oh no. Three drivable. cars, a motorcycle, and a Firebird in. the garage. The are you guys? Guys, you. have so much debt. You could take care.

of this today. I'm just a very. sentimental person. So, congratulations. I don't give a sentimental about your. debt getting gone. So, get it gone. But. you don't know the cars we have. So, I've got I don't give a 06 Impala. Oh, thrilling. But it's worth no money. So, I can't sell it and make grab it and. throw that few hundred towards Yeah, it. would literally be a few hundred. Yes. and throw it towards your debt. Like, why waste space? Because that's what I. drive to work every day. So, it keeps. So, that was my car that we got. We were. going to get the best gas mileage. It's.

not worthless if you're driving it every. day. He is driving it. Yeah, I Yeah, I. drive it every day. If it's drivable. somewhere, it's not completely. worthless, right? Yeah. No. And And. that's why not get anything crazy, but. Yeah. That's And that's why I don't And. the third drivable car. So, then I've. got an 85 Dodge pickup. Cool. And that. one is whenever we need to, you know, buy pick up things with a truck. So I. have that. Yeah. A comedian and someone. who works in an office. Well, I work. with my hands a lot. Cool. Carry then? I. don't know. What are you talking about? You have debt. The truck also is not.

worth anything. No. Is it drivable? Barely. It's worth something. If you're. you if you're if your reason for keeping. it is because you use it once a year to. carry groceries or something, then it's. sellable. That way. You might not get. anything, but your debt also isn't. absolutely insane. It could literally. make progress finally. That's just. what's so hard because I've had this. truck that How often do you use it? Uh, never. Oh, there we go. Thank you. Thank. you. Cuz I knew you wouldn't answer it. correctly. Thank you. How often does he.

actually use it? I would say once if to. actually drive once every two to three. months. He might take it out once a. month to make sure it's driving. Yes, you will rent a U-Haul if you need to. for 50 bucks. It's just the sentimental. value. I don't give a about no sentiment. and no value. the value to it can go. towards your debt. What's the. sentimental value? So, uh, whenever I. was a little kid, my dad died when I was. seven and he had the same pickup truck, so I bought this pickup truck. Is it the. pickup truck that It's not the same one,

but I've had this one for 10 years and. that's what I moved back to Indiana with. and I've traveled the country many a. times with this. So, that's what I lived. in when we broke up. Dude, I practically. burned the car I drove the country with. when I moved down here cuz it's a piece. of metal. Listen, I would get the. sentimental value a little bit more if. it was literally what someone else. owned. Maybe I'm coming across like a. maybe I just have no empathy in this. situation. Just pay off your that, dude. It's not the car that someone else. owned. You drove the country. It's a. piece of metal. Get another one when.

you're in the position to get it. And it. has the same sentimental value as this. one because this one didn't belong to. anyone else anyway. That has sentimental. value. Okay, I hear you. Okay. And the motorcycle. Yes. The motorcycle. That was whenever we left LA. Uh, everybody got uh You're in LA. Okay. Yeah. That's where I started comedy and. we went back to Indiana where we're. from. And. everybody got You sound like that from. Indiana. Well, I then I grew up in.

Florida. So I I sound like like I'm from. all over the place. Like Bayou Florida. No, like surfing Florida. Like Cocoa. Beach. That's not a surfing accent. No, it's this is uh east coast mixed with. hillbilly Indiana. Yeah. So it meshes in. there. So wrangle some gators type. accent. Well that that that's the. Indiana and then Yeah. But so I I love. the southern state Indiana. Yeah.

No, we're just stupid in Indiana. There's Oh, thanks. Well, he's You're. from Michigan. Yeah, I will be honest. I. don't think anyone looked up to Indiana. I'll be honest. What do you mean? No one looked up to Indiana. Yeah, in. the Midwest. Yeah, a little bit. You. guys aren't in the pop top 10 population. states. Larry Bird, like Illinois, Michigan, and Ohio is don't really. produce much economic value for the. Midwest. Megalopouloolis, uh, Indianapolis is the major city. there. It doesn't really add into the.

overall United States metrop areas of a. major contributor. We've got racing, we've got sports, part is exciting. And. yeah, people take left turns there. We've got corn. Oh, I think that's all. throughout fetamine. That is true. They. sell a lot there. Big contributor to the. GDP on that one. Yeah. So, I think we do. have a couple things that we export. No, I'm just I'm just hating for no reason. I don't I mean I don't personally care. One of my producers went to school in. Indiana, basically on the border of.

Michigan. So, Okay. Yeah. But, you know, technically in Indiana. I drive through. Indiana to get to a better state. Yeah. Sometimes. Some like when I want to go. to Chicago. Yeah. Chicago's okay. Yeah. You gotta drive past worldrenown. everyone's favorite city in the country, Gary. Yeah. Gary's it's cleaning up. Gary's cleaning up. Okay. We're not. murder capital of the world anymore. Yeah. What is that? St. Louis. Okay. Motorcycle. I think it is. Okay. Yeah. So, back to the motorcycle. So, whenever.

we went back, everybody got COVID money. and you know, most people went and. bought like flat screens and stuff like. that. So, use the taxpayer money. Okay. I bought uh I bought a motorcycle. instead. Another great use of taxpayer. money. How is it? How much is it worth? Uh I bought it for 12,000. I had 500. Uh. so I got a loan for 115. Is the loan gone? Yeah. Yeah. Yeah. What's it worth? Uh I believe it's. somewhere in the ballpark of 10,000. That's awesome. Sell it. Yeah. So it's. it's it's in perfect condition. Great. Sell it.

I ride it. Good. Sell it. I feel like that would be more than the. debt, right? How much debt do we have? No. Well, we still have a house and. another car. So, regardless of the. house, I mean, the Mercedes alone is. worth 14,000. Her student loans are. 11,000. Combine both the credit cards. together and it's basically 7,000. So, sell it. You'll get you a little fun little. motorcycle when you're in the position. to afford it. You're not. Yeah. Easy as.

that. Be a man first time. But then how am I going to be a man with. no motorcycle to ride? I think in Texas it's more of like a. Dodge Ram type of man. You told me to. sell my Dodge Ram. Which Yeah, you would. lose your manhood. I'm telling you, buds. Yeah. Now I feel like I'm just. losing it all. Yep. And then you'll get. it back eventually. I have pond stuff.

Okay, cool. Sell the cars. Yeah. Okay. Okay. Oh, we got to get you more money. Yeah. I mean, I can give people tech. certifications through course careers, which I love, but it just it doesn't. make sense for you because you're just I. don't think you do. You want to work in. tech? I don't think so. It's a tech. town. Yeah. I don't even know. I can. barely check an email. Okay. It's great. for most people, but I guess not for. you. Okay. Minimum monthly debt payments, not. including the mortgage.

Oh, also don't get that other debt for. the the new car. Well, the the goal is. that I don't give a I don't give a Been. talking about goals all day. Yeah, but. this one's a stupid one. I already know. No, this is a good goal because So, the. card that I'm looking at is only $7,500. So, the goal is if we can get paid down. somewhere close to that, then we just. What? Pay what? Down somewhere close to. that. Down to If we can get $7,500 paid. down. Paid down on your debt. Yeah. How? Oh, it might be a minute. So, yeah, by.

your math, that's three and a half. years. But, so if I can do that and then. I can find three and a half years. Yeah. So, then my I can go out and I can buy. another be okay with that. Your debt. taking that long even though your debt's. not that crazy. Well, no. I I want it to. get better, but I'm saying are kids in. the picture? Not right now. Ever. Eventually, maybe. Okay. You wouldn't want to bring them into. this and you're considering willing to. pay off $1,000 every year for three and.

a half years to take away 75 thousand so. you can get another on a motorcycle car. Yeah. Another car. Another car that's. going to do nothing. But with classic. cars, to be fair, the value does go up. every year if you like with it, right? Yeah. And that's that's the goal. Yeah. How'd that other one go? For we're. working on it for 3 years. Well, yeah. These things gen a lot of people they. invest 10 15 years into them. Okay. Okay. Okay. So, you get it for 7,500, right? Okay.

Tell me what that's worth in 3 years. from now then. Uh, honestly, if things. keep going about 3 years ago, I was. looking. No, no, no, no. Three years. ago, that's a completely different car. market. Not even close. That's a car. market that no one's ever seen and no. one will ever see again, of course. But. we don't know what 3 years from now is. going to look like. You think there's. going to be a major global pandemic and. we didn't learn anything from the last. one? No, it's not going to be the same. repeat over and over. But the trajectory. since that obviously there was a big. spike, but the trajectory is staying the. same. Okay, fine. Percentage increase.

each year. So that I have no idea. All I. know is just the number. What would it. go to from 7,500 over the course of 5. years? Over the course of 5 years, what. would it be worth? In 5 years, I say it. would probably be worth 15,000. No, with. double putting work into it. Absolutely. Oh, well, how much do you spend to how. much do you put into it? Maybe another. thousand or two. Attention all business. owners. If you're in a business for. yourself, whether on a small or large. scale, you need to be keeping on top of. your business finances just as much as.

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Feels a little pointless. $1,523.90. for rent mortgage. Utilities, gas, water, electric, utilities. What? All. electric and probably it varies between. summer and winter, but with electric. probably. 150 is what we've been paying. Internet. 80. Gas between you two. Driving gas. Oh. Uh. I do $200 a month probably. Probably. somewhere in that ballpark. Really? That. cheap? Yeah. From work from home. But.

you drive down to Austin a lot. Yeah. Uh. once a week maybe. Yeah. And it's only. 200. Yeah. isn't is really not that bad. Car insuranceances for both AC well for. across all these cars. Uh 280. Yeah, somewhere in that ballpark. It's not the. worst for all that. 100 bucks. 150. bucks. TP fund. Anything else you guys. need to survive? 150 bucks. It's makeup. It's toothpaste. It's, you. know, just anything you need to survive.

I'm not putting anything into the budget. for the stupid cars. Necessary food. You. guys should be able to do $500 a month. Meal prep. Meal prep. Meal prep. Meal. prep. What's your phone bill? Uh 120. Yeah, we our phones are paid off. Okay, switch the helium then. It's 20 bucks a. month for each. Will you guys do that? I. don't even know what that is. It's a. It's just another uh It's a phone. carrier service that uses the other. towers. Okay. So, it' be 20 bucks each. 40 bucks a month total. Yeah, I would be. willing to look into it. 40 bucks a. month for that then. Good. It saves you. money there.

Okay. Anything else you guys need to. survive? Medical. Anything there? Uh, I am paying $25 a month on a medical. bill, but it's only $25. What's the. balance of that? Uh, $3,000. So, it's. another debt. Okay. Anything else? Medical, monthly basis, gym, anything? No, we don't have a gym membership. Then. we pay um. subscription like Hulu and Nope. No, you. don't. You absolutely do not. That is.

not included in your minimum to survive. budget. Not even close. Okay. Hey, what. you guys need to survive is $3,613.90. on a monthly basis. What came in was. It was a good month for comedy, it looks. like. Yeah, we it was we had a But. that's not normal. No. Okay. So, what. likely normally comes in? I'm I'm seeing. probably. guessing about 4,500 total across the. board. I'd say that's probably about.

right. Yeah. Yeah. If you sold your. motorcycle, if you sold, let's say, a. beater for 1,500 and then you drove the. two the two two other cars, okay? And. let's keep your little passion project. in the garage that you can work on, but. we're not getting the new one, new. passion project, but we're not also. putting money in the passion project for. now until we're out of debt. Then you. can do it until you have a fully funed. emergency fund. Until you start. investing, man, the fact that you're not. even investing like if you can get out. of this debt, maybe I'll fund your like. I use this investing platform called. Mumu. I like it. I would fund your like.

starting account as just a reward for. getting out of this. But I mean, you. have to actually make sacrifices. So, okay, let's say 10,000 for the. motorcycle and,500 for the other one. Cool. Let's just use that. And let's. with that wipe out. almost all the Mercedes. Let's say. $3,000 is left on the Mercedes after. that cuz Well, actually, no, let's not. do it that way. That's stupid. Let's. destroy both credit card debts and the.

medical. Okay, now we have the Mercedes. Mercedes with the extra $600 you guys uh. sorry, $900 you guys have left on a. monthly basis, which is actually pretty. darn good. And it's the reason why I'm. upset that you're willing to just. Okay, actually, we're setting $3,000. aside from the sale of the car for an. emergency fund cuz you guys don't have. savings. Throw that in the savings you. do have and then you have like a onemon. emergency fund. Then we have the medical. debt is now back on the table again. Okay. Okay. But we're still going for.

the Mercedes. with your extra $900 a month. $1,000 a. month now because we paid off the two. credit cards. Takes a year and two. months. Not bad. Mercedes 7% debt is. gone. Student loans, none of them are really. high interest on either of them. I'd. minimum monthly payment them all until. they're all paid off. Okay. Then with. the student loans or the medical debt, you're able to pay that off in about two. and a half months. And then get a fully. funed emergency fund, which at that. point without the minimum monthly debt.

payments is going to be. 18,000 and you already have 3,000 in. there. You have like an extra 1,400. left on a monthly basis at that point. Takes 10 months. You have a fully funded. emergency fund. I say this takes Yeah. Two years and a quarter. Two years and a. quarter, guys. and you're debt free and. you have a fully funed emergency fund. except for your student loans, but. that's okay. At that point, you just. start throwing 20% to retirement across. the household in general. And that. actually I think you guys will actually.

end up somewhere really healthy and. happy and good. And of course, we're not. paying off the mortgage either. This is. minimum payment until that's paid off. Y. um. guys, I think you're actually in a I. think you actually have a way out of. this. You got to sell those things. I. promise, dude, in five years you can get. them again. You can get nicer versions. Okay. And then we're catching up on. retirement. We're starting that getting. a fully funded emergency fund. But that. that's where I would go. Okay. You're. spending in a budget.

Total that went out was 7,376. I mean, you're overspending. So zero. there. Debt, it's not even close to the. worst. There's no uh it's a three. It's. a three. Certainly not good, don't get. me wrong. So that's why it's still low, but it's a three. Emergency fund barely. started. So one retirement you have a. little but I don't know what it is so I. can't do anything but one real estate. low cost uh FHA was a little rough so we. have now we're paying mortgage insurance. but our equity position in the house is.

okay with the growth that we've had. mortgage r's fantastic you don't like. the area going to give it a six. Okay. it's going to be a hammer financial. score two and a half out of 10. Make. sure to check out all the resources. linked in the description below as they. are what I use or would use in specific. situations, including the best budgeting. educational program in the history of. the internet. Now, stick around for the. post show today on the financial audit. post show. This is a real cigar. So, this is a premium long filler. You know,

this probably isn't good for us. [Music]. There you go. Oh god, it kind of tastes. like. love the taste of cancer in the early. afternoon. To watch the financial audit. post show, click the join button below.