Making $20,000 A Year And Spending It All On Fast Food | Financial Audit

Hi, my name is Colton Murphy. I'm 26. I'm based out of Rock Springs, Texas and. this is financial audit. What do you do. for a living in Rock Springs? Uh so I. work at a Christian adventure camp right. outside Rock Springs. Currently right now my role is as a. retreats coordinator or host. So we talk. with men's groups um and with churches. and things we have them come out. Specifically I'm in charge of men's. groups and Wounded Warrior Project. Odyssey groups. Oh, interesting. Okay,

when I heard camp I was thinking like. children. We do have kids come out but. I'm more on the adult side. So this is. like this happens all year then? Yes. Not just like a summer spring type. thing. Okay, cool. And what do you bring. in from this position? So currently I'm. bringing 189. That is my take home pay. 18,900? 18,900. Okay. get paid too much. Um. but I'm actually. getting I'm literally transferring to.

another. um. job at the same camp. It's not much of a. Oh, what does the job pay? I'm changing. it to 1900 or 19,000, sorry. So it's a $100? $100 bump. Most of my income comes from. my disability pay from the military. Oh, what did you Where did you serve like. what was what branch were you in? Uh I. was in the army. Okay. I was a. paratrooper in the 82nd Airborne. Yeah. never do that. I'm terrified of heights.

Um. yeah, I ended up having a. pretty traumatic experience. I did. double parachute malfunction ended up. falling from around 1800 ft and I. shattered my left femur into 26. I'm having you alive from that. For for sure. Jeez. Um but yeah, so 26 different bone. fragments. Um they ended up putting a. bunch of metal in my leg and that's what. my disability comes from. Instead of skydiving you should hit the. subscribe button because I mean instant.

gratification and we're trying to get to. 500,000 subscribers so I like that. segue. Yeah, love it. It was great. What. do you bring in with the disability? With the disability it's six 1,663. a month. Even that itself would not be enough to. live on so you're required to get. something else. Yes, um I don't. have to pay rent out there. You live on. the camp? Mhm. So I don't pay rent. I don't have. to pay for my own food.

um and I don't have to pay for. utilities. you're getting good on a camp? No, it's not. Yeah, I was going to say every camp I. ever went to. Mhm. So that's part of why. I want a budget and to kind of. rein my finances in. Yeah, that makes. sense. Why do Why do they pay nothing? Um we are. it's ministry work. Anywhere that you. work for ministry is not going to pay. very well. Um it's we're more doing it. cuz we believe in what we're doing. rather than. Well, you have the option to because you.

have the disability not that I mean. obviously something bad had to happen in. order to get that so it's not like woo. we're celebrating or anything but. if you didn't have that you couldn't. have survived. You couldn't retire. You. couldn't do anything. And this is like 40 hours a week type. thing? Um I pull in about 80 hours a. week. All right. Well, you're a better that man than me. Um. wow. So I see we had. payroll across the different things.

which includes the disability of. $2,935.30. hit within the most recent month. Does. that sound about right to you? That. sounds about right. Okay, so basically. 3,000 bucks. Yep. Is what we're getting. Now that. is livable. Uh also that town that you said you're. from in Texas never heard of it. Must be. very. It's Rock Springs is tiny. We actually. don't even live in Rock Springs. We are. about 45 minutes outside of the town and. there's only about 60 of us that live at. this camp. Oh, very interesting.

Now you're in debt. Mhm. I am in debt. Credit cards? Yep. And there's like. brutal interest but I want to know how. you would describe your financial. situation from your own perspective and. then give yourself a score zero out of. 10. Yep. Um so. if we look at just the debt it looks. very bad um. but I have about $15,000 in an. investment account. I also have a $5,000. um.

emergency fund right now as well as that. $10,000 in the IRA I sent you as well. Um so I'd say I'm prepared for. emergencies. I'm just I suck at dealing. with the money I have at hand so I'd put. myself like a five. Well, that emergency. fund I mean that's that's. well, obviously we'll want more than. that but that's like the perfect. starting block to getting started on. paying off all the poo that we got. But. we aren't in debt and I'm a little. confused to some of the charges that are.

in here. I'm glad the retirement fund. and stuff like that and disability is. that forever? Yes, that's for the rest. of my life. Yeah, wouldn't say that's a. retirement plan cuz I would say it's not. enough to live on but it is. supplemental. So you have about a. thousand bucks at the time of this. statement in your checking account which. was more than you started with but a few. things concern me. One All right, y'all. We got to talk about something. important. Data brokers are making a. fortune selling your private data out. and it goes to robo callers and scammers.

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two-week trial or check out the link in. the description below. Make sure your. number's not on here. Okay, it's not. This is one out of many pages and it's. all bullsh. You're right. You're right. credit cards that we're trying to pay. off. Yet we are just bullsh. Yep. Which by the way. the camp you work at? Yep. They're supposed to give you money. and they barely give you any money but. you give them a lot of money. I do. Well, they if you're living there. they should just compensate is what I'm. saying or they should just you shouldn't. have to do this. What is this? Vending.

machines? Is that what we're doing? Um. we have a we've got a coffee shop. I'll. buy coffee and stuff from there. Okay. Yeah. We we do get a discount but. I mean it's still got a markup on it. If they're going to pay you $19,000 it. should be free. It's all I'm saying. $100 raise. Chick-fil-A coffee. Au- Austin Go. uh it was a cash app out and. uh Amazon coffee coffee coffee.

cash app and then Austin Go Allsups. 7-Eleven $5 so I know that wasn't gas. We were stopping for bullsh. Timotheus has popped up a couple times. The. bet BetterLink? So um that I actually. ended up getting all that money back and. I put it into my credit cards. It was. originally a debt consolidation thing. Oh. Um so I was putting money into a debt. consolidation account. Um I didn't like how they instructed me.

to not talk to my creditors. Oh. So I ended up canceling it after my. credit score took a hit. Mhm. And then I. started talking with Capital One again. and we're on a payment plan. Okay. Oh, interesting. We'll have to talk about. that cuz I did not have the Capital One. statement. So so it's worse than. I thought. Okay, so some Google payments. some Google payments $21.31 and $6.42. and Taco Bell and Spotify and Amazon and. Supercell and again if that was paid.

with Google and Amazon and YouTube stuff. and Supercell and coffee and coffee and. coffee and Supercell. Let's see. So out. of this just one page of checking. account. I've determined that. two. two out of potentially 20 were not. completely and they were just you. getting gas. Yep. Two out of 20 and. there's debt. We're talking to a debt. consolidation company and yet we're.

doing this. Why are you spending so much. money, dude? Money. What's the mindset behind it? What are. we doing? Uh when you're walking around the camp. how far is your walk around things and. you live on camp? Mhm. How far is your walk around things? How big is the camp? Several uh we are. 1400 acres. So I normally do like a good. few miles walking. Do you good miles? Okay. Are you able to uh do this wild. concept of brew your own coffee instead. of getting coffee three times a day or.

whatever it is? My goodness. Dude, now this is what extra concerns. me. On this statement specifically you. transferred $300 in from savings. Mhm. So we were getting dangerously low. balance and we had to transfer in from. savings because we wanted to keep going. to Chick-fil-A and getting to keto's at. gas stations and stuff like that. Yes. I want to get to the mindset behind. that. We'll get there but guess what? We. have another page of green lines cuz. dude, you don't not spend everything on.

here. There's not one good purchase. No, there's not one good purchase on. this entire place. Okay, except for transferring a little. in your savings, which you took out on. that previous part, but dude, it's. YouTube and Google and Amazon and. YouTube and Supercell and Supercell and. CloudHQ and YouTube and Audible and I. mean Audible's good, but we're trying to. get out of debt. Come on. And Supercell. and TCG and Hulu and Supercell. A recurring payment for Google thing. again. Now, there was your debt.

consolidation, which we're done with and. Google and coffee and coffee and. CuriosityStream, which I love that. platform, but again, we're trying to get. out of debt, dude. I just got squeaky. I just got squeaky. You Before I couldn't hear myself. getting squeaky until people started. commenting it and now I hear it and I'm. like, "Oh my goodness, you must be. getting upset, kid." So, I'm going to. try to calm down, but you cannot be. getting $200 of Stitch Fix when we're. trying to get out of credit card debt.

That doesn't make any sense. You're. right. That doesn't make any sense. That. upsets me. That upsets me. And again, coffee and Google and Taco Bell and. Venmoing out money and Amazon and. TCGplayer. What's that? That pops up all. the time as well. What's that? It's um. uh. trading card game. Trading card game? Trading card game. Well, mobile? Uh no, physical. Okay, it's a trading card. game. But it's not like gambling. No, it's not gambling. Okay. Patreon.

again? After we're out of debt and have a fully. funded emergency fund. And Google. payments. Now, here's another thing that. concerns me. We're doing all this. of which by the way, there's another. half a page still. All this. Two good purchases so far. Two good. purchases out of this entire thing. Two. good ones. We got to a point where sending out. money with Venmo, you were negative. $9.61 in the checking account. And then you got to $2.39.

So, this is. Okay, more Patreon and YouTube stuff and. you must rent a lot of movies or. something on there. TCGplayer and Venmoing out money and. Microsoft and PK Brand and Uber Pass. T. I didn't even know I still had that. Yeah, you still have that 10 bucks a. month. TCGplayer again. Some other. payment through PayPal and Blizzard and. and there's your debt consolidation,

which of course we reversed and Capital. One card payment. Mhm. So, the card payment and two gas were. the only things that were slightly. productive. Everything else, how much. was spent? How much came out of this. again? What was that? What was that? $2,500. $2,500. Let's say $500 went to it that was good. $2,000 could have gone to paying off our. that we owe and that is holding us back. in life. I need to know what the mindset. behind this is. Why are we going and.

spending three purchases a day almost. pretty much on crap we do not need? What. is it? Really, um I am very impulsive with a. lot of the purchases I make. Um it's kind of been a coping mechanism. of mine for a while. Um I'm trying to. dig myself out of it. Coping Coping with. what? Um emotional dysregulation issues. Okay. Are you in therapy? I am in therapy. Good. Take advantage of that VA stuff, right? Good, very good. I love that.

That's been one thing that I've been. trying to get better at is. getting my finances under control, cuz. I've never. been good. Have you discussed with your. therapist the spending issue, the. worries around money and stuff like. that? Cuz I don't think they initially I. think. Well, I don't know. I mean, I I've uh. been in therapy with a couple. therapists. Uh I have never seen them go. directly to the financial issue. Obviously, they're the professionals, but they probably know how to navigate. that and get there. But yeah, that's why. I asked that. Yeah. So, you have you.

brought it up then? Mhm. I have brought. it up. My therapist has several times just told. me, "Hey, I'm not a I can't give you. financial advice, but here's what I. would do." And I'm a very concrete type. of person. I need like the breakdown and. the numbers of it, so it'll make sense. to me. That and that's fine, but there's. no point of that if we can't get to the. emotional side of things. If you're. going to be constantly impulsive. So, continue working with them on that. And. I mean, that's going to be very. important to this whole conversation. I. mean, that's 50% of this essentially. I. mean, you can't do one without the.

other. You get a little extra coming in. from PayPal, but yeah. Dr. Squatch, big purchase. Bass Pro. Shop, big purchase. Innovet Pet Some of these are on by the. way cards that we haven't gotten to. And. Cash App and out Austin Go, Amazon, Google Flokey and Stitch Fix. Big. purchases. Yeah. Um Flokey, that is um so, that's a hobby. of mine that I think is actually. productive. I use that to learn piano.

And I've been doing that for about 4. months now. Okay. So, yeah. That is one that I'd like to. keep, but everything else I can probably. get rid of. So, that's $128 a month? A. year. A year? Yeah, it's a yearly subscription. I'll. allow it. So, this Thrift Savings Plan, is this. your. That's my retirement plan. Retirement. plan through the employment? Uh through So, I haven't been able So, I. haven't been working at this camp for a.

year yet. They have a year waiting. before you can open up your own. This is. what I retained from the military. Oh, wow. and then once I can actually open it up. at this camp, I'm going to roll it into. um. that one. What's the camp even going to. be? I mean, you don't make money. They. uh they match 4%. Um. Yeah, but the 4% so small. I It's something. It's going so you'll. essentially be getting 8%. Yeah, we're definitely going to want to. talk about this retirement game here for.

a bit. But for right now, we have $9,102 in. this past. military account. $1,613 of which was. contributed. from the employee match. And. it's six. the distribution. I can't see what. they're in. They're in these funds and. Okay, there's a retirement fund. a 2050 retirement fund and the C fund. Don't know what the C fund is, but it's.

broken down between lifestyle and. stocks. I have no idea what lifestyle. is. It I just dove back into it. It used. to be just in the C fund, which is. basically it's a very diverse portfolio. that's on the S&P 500. Whenever they updated their. uh their website and their registry, uh. they took 60% of what I had in the C. fund and put back into stocks and bonds. So, I wanted to pull I pulled it back. out actually last week and put it back.

in the uh just 100% stocks. Okay. Okay. Now, you mentioned you had like $15,000. somewhere else as well? Yes. Um I wasn't able to get a hold of. that statement. It's home with my family. and it's just paper statements right. now. What is it? Um it's with a Wells Fargo hedge fund. I. forget the name of the exact hedge fund. Did you put this money in? Um I went. through So, my dad had some connections. and I'm working with a company out of. Lubbock, Texas that does financial.

management. Cuz. I got a big $42,000. check when I got out of the military. um and I kept half of it to help me move. down to Galveston and the other half I. put into savings. Okay. Cool. Now, the debts, because I mean, there's nothing else. But I am glad. you're at at least sitting at about. $24,000. in retirement 26.

You know, we want to be a little more, but that's still much better than we. often see on the show, so I'm happy to. see that. Plus, $5,000 for a starter. emergency, so. Cool. Not cool. This. I'm going to go through two months of. this because it upsets me. Yep. Okay. So, we start with $3,965.07. of credit card debt that you want to pay. off, right? But then why in the why in.

the world did we possibly possibly spend. $3,035.88. on it and that we're trying to pay off? Cuz you paid off $300. Clearly, we're. trying to make progress cuz that's more. than the minimum monthly payment of. $184. Why are we spending. uh. basically what the balance already is. again on it? Why? I put a vacation that I'm taking on. there for Oh, dude. What is this. vacation that you need that's more. important than you bettering your life?

You're right. Um I don't really need it. What is it? It's I'm going scuba diving with some. old friends from the military um in. June. Be like, "Hey, military bros, I'm poor. as. Let's do this in like a couple years.". Still being your 20s. Dude, killing me. $182. of available credit at the time of this. statement. $116.25. of interest was accrued. It's insane. You maxed out a credit card cuz you. wanted to go to a little thing. You got.

some taquitos. You got some more. taquitos. So, from QT and then 7-Eleven. None of. those are gas cuz they're way too cheap. to be gas. And then you did get gas and. that's fine. Okay. And then we're doing more YouTube stuff. and some PK Brandeth and Chili's and. Entertainment Mart and. the What's What's Five Points Market? Is. that groceries? Yes, it is. There's a little grocery store in. Kerrville.

I get I get gas from there a lot, too. Oh, okay. Well, so groceries is fine, gas is fine. McDonald's is not fine. Cart Kingdom, $570 Cart Kingdom. What is. that? That's inter vacation. That's more cards. Dude, this card. thing? Okay, we're going to have to curb. this card thing down or I'm going to go. over there and burn the entire deck. 7-Eleven taquitos and Google Super Cell. again. We're doing that constantly this. Super Cell. thing of stupidity. What is it? It's a mobile game. No!

Dude, you spend so much. a lot on this card game and mobile game. Is it because you're in the middle of. or there's nothing to do or what is. happening? Yeah. Yeah, it's a good way. to describe it. Ah! Dude, you can't be spending that on. mobile crap. Ah, gems and. stupid gems and taquitos and cards. Killing me. Double Dave's Pizza. Alamo Drafthouse, YouTube and then.

here's gems and more gems and more gems. and these are expensive little gems. you're doing and gems. There's a fourth. gem and then you're doing coffee again. and then gems and then coffee and then. Merit Leon for $57 and gems. And guess. what? Gems and gems and gems and gems. and gems. Yep. Olympus Drive and code Florida. Okay,

there's travel. There's the travel. More. travel and then gems and gems. So, no. Guess what? Out of the $3,000 you put on. there, maybe $1,000 went to the travel. The rest were cards and taquitos and and. gems. Yeah. Please. Please talk to your therapist. about that. If you're you're already in that. conversation, but talk about this. impulse spending. Dude, you're just. clicking the buttons and then. going and getting some cards and going. and getting some taquitos. You got to.

stop. We're spending so much money on. nothing. It's nothing. And we're trying to get out of debt. Total interest charged you to date at. this time was $421. For someone making 18,000, 19,000 a year. on their salary and we're losing almost. $500 a month in interest. End me now cuz that is terrible. At a 29% interest rate. But guess what? I'm going to look at the next month's. statement because I'm happy you put $700.

towards it. But we're still putting. money on it. We can't be putting money. on a card that we're trying to pay off. That does not make sense. $346 we put towards it, dude. With. interest charge of $169.50. bringing the balance at the time of this. statement, which is what we're going to. go off. at Okay, this is for the Venture card at. $6,633.09. of debt.

Debt with minimum monthly payment of. deathly $235. of death and stupidity. With the interest rate again, this is. what was it? 29%? And what are we doing on here? What's. the super important money that we have. to spend on here on a card that we can't. pay off that we were talking to credit. card negotiators because we're in credit. card debt again, mind you. That's why. I'm getting upset. Dr. Squatch, what's. this? Uh. uh. soap and deodorant.

Is that really more cost effective than. going to HEB? It lasts longer. I I can't view it. I can't determine it. Just I I'm putting forward. Please just. be educated on that. Do that. mathematically correct. And Garvin Store. Mountain and Super Cell gems and Bass. Pro Shop Bass Pro Shop and UPS Store. Now we're at $600 of interest lost.

within the first quarter. and few weeks. First quarter and few weeks of the year. Uh first first four months and few. weeks, actually. Yeah, months a little. mixed up. We've lost $600 on a $19,000. income. $19,000 income again. 19% interest rate. Capital One. Oh, that is the one that. Okay. Capital One.

Balance sitting at $3,885.11. with a minimum monthly payment of $152. Uh I think that should be unless there's. another statement, that should be $500. lower. I just put $500 more towards that. card. Very good. Very good. Well, what. makes me happy with this is you put $100. towards it and then you put another $500. towards it. So, let me adjust that. And. you did not spend money on it. But we. did lose $120 $113 of interest $0.36.

But again, we did not spend money, which. makes me happy. We've lost so far again. four months and a few weeks, $650. So, now we're at $1,200. $1,200 gone. Gone. Squeezed from our. Because we decided we want to go get. taquitos. taquitos and buy gems and all the.

and get coffee every single second of. our life from the shop because we can't. brew it. So, your car paid for? Yes, it is. That's awesome. What kind of car do you. have? I have a 2004 F-150. Okay, how long will that last? Uh I've. had it for about a decade right now. So, probably another. 6 years. I hope so. How many miles on that thing? I just hit 130,000. Keeping care of her? Mhm. Make sure. she's still good? Good. So, that's.

that's the whole plan right now is if I. can get the debt paid for in time for me. to need a new vehicle, that's. Yeah, we're kind of running on a clock. there depending. I'm glad you're keeping good care of the. vehicle, but Mhm. So, right now you are. losing in interest. Ah. You are losing in interest $283. a month right now. That's insanity. Just from two cards?

From two cards? I need to know how you got into this. debt in the first place so we just don't. repeat. Yeah. Um. Whenever I first got out of the. military, I only I opened up that second. card. whenever I moved into my own apartment. and. basically um. went through some severe mental health. issues. Uh kind of became a recluse and. I delivered all my food, all my. groceries. Uh made sure I I didn't leave my.

apartment for. probably about a year. So, yeah. I lived on my own and just. didn't really. I'm sorry to hear that. Yeah, it's all. right. It's all right, man. Uh I've. I'm a lot better than I than I used to. be. Well, I'm glad you started seeking. help. That's the first step. That's most. important. You started seeking help with. your mental health. And uh how many. years ago was this again? Uh this was in. 2000 and. Uh this was 2021 when I got out. Um my.

accident was in 2019. When did you start. seeking mental health help? About 2022. So, it's been about a year. I'm glad you. did that for yourself. That's. everything. It's What are we without our. brains, you know? That is what we are. Yeah. Otherwise, we're just a sack of. like water and So, the mental health is. certainly one aspect of this and I'm. again very glad you started taking care. of yourself. That's very good. When did. you start thinking about the financial. aspect of this? Well, um so I've kind of.

been holding on to this debt for like 2. years now and I was making the minimum. payment and it seemed like interest was. almost engulfing the entire minimum. payment. Oh, yeah. So, then I was like, "Okay, well, now I've got to do something about. this.". Um so, I paid I paid a bunch into it. whenever I was at school last year. Um cuz whenever I was at school, I was. making probably closer to $4,500.

a month. Where were you going to school? Uh I was going to Texas A&M down in. Galveston. Um so, I was going to school for. maritime business administration. Going. to? Uh I wanted to go work for the Port. of Houston in some form or fashion. Um. did you get your degree? No, I didn't. I. got academically suspended last year. because I. my grades weren't where they should have. been. Um going jumping straight back. into school after getting out of the.

military was not the best decision for. me. School is free though, right? is free. I still have I still have my. entire VA GI Bill and I also have the. Texas Hazelwood Act. which can. pay for another 150 credit hours. So, if you went back, how much more. schooling would you have to do? Um to get my bachelor's, I could get my. bachelor's in probably about a year. Okay. What took you out then to Rock. Springs to do the camp thing from the. school?

So, the camp thing was a summer job that. I was doing and then I was suspended and. if I'm not going to school, the VA will. not pay me. my living stipend that I was getting. So, I could no longer afford rent and I. did not want to go back and live with my. parents again. Yeah, and where are they. based out of? They're out of Lubbock. Okay, okay, okay. Not that I don't love my parents. I'm. just but 25 years old, you know. Yeah. No, yeah, yeah, no, I got you.

All right, so $387 minimum monthly. payments. Luckily, we have that. If we. didn't have the disability coming in, dude, it would just. I wouldn't know how to be be living. You. don't have rent as well, No, I don't. which is very helpful. Are. Is the plan to go back to school? Um. currently, yes, the plan is to go back. to school. How soon do you want to do. that? With within the next few years, it. is an option. The other option is to. stay out there cuz eventually, within. the next few years, there'll be a.

director position opening up. Oh. And then, I'll go. that pay? Like $20,000 a year? Uh no, it. pays around 30. 30 30 to 35. Dude, okay, I love the giving I love the. giving back nature of things, but. that is not a director salary. You're right, it's not. But, Now, how. much would you make in this maritime. thing? Maritime, um. I could stand to make around six figures. easily. So, around 100 to 120,000 after. about a year. That is a few dollars more.

than 30,000. a it is a lot more, yeah. Um the other. thing I could do is I'm currently. talking with the VA again to up my. disability. I'm working with a third. party. If I could I did the math if I. can get my last 30% on my disability, I'll be making six figures from. disability and the camp. So, it was like right at 9 99,900. Whoa. Mhm.

Cuz right now, you're at 36,000. with both combined. Yeah. So, the last 30% it almost doubles. or triples the amount of money that. disability pays. What what does it take to get that? Um you have to be graded by the VA to. basically say that, "Oh, you're. either unfit for employment or there's. special circumstances.". for employment? I don't think I'm unfit for employment. cuz obviously, I'm holding a job down. It takes me immense amounts of mental.

focus and fortitude just to do a normal. job right now. Do you think it'd be good. for you not to have a job? It would. Um I. You don't think you'd get back to that. reclusive nature? Like I said, on the. camp, you're going out every day, you're. interacting with people. Mhm. So, well, that's the thing. If I can get So, there's two different types. There's. um. unemployed disability. I'm butchering. this cuz I don't know the correct terms. But, it's like unemployed disability or.

um disability where you can still have a. job. And there's I think like two or. three grand a month difference between. the two. Mhm. So, if I could get the. disability where I can still go out and. have a job, and then just still have a. little bit more income to play with. Okay. pay my debts off. And then, I could start focusing on. saving more. When do you think this. might be determined? Um it could be. anywhere between the next four to six. months. Okay. Mhm. Now, guess what? Mhm. It's not a travel.

with these credit cards, dude. The fact. that a month ago, you put you doubled. your balance and maxed out a card, you're not a credit card person. Yeah. You know that, right? So, it it just doesn't make sense at. this point. Cut them up, never use them. Maybe at some point, we can get on a gas. card or you could use the Fizz card. You. know, it's up to you. I mean, you're not. a I mean, you might be in college. So, actually, the rewards that they offer. actually might be good for you once you. go back. But, either way, well, I need. you to be on a card that is well managed. and well controlled versus these. unlimited just going crazies.

Right. So, for now, we talked to. ourselves, we just don't spend them cuz. our our focus now is getting out of it. The fact that you doubled your balance. only a few weeks ago, that scares me. going forward. We can put together a. budget and a plan, but the fact that you did that terrifies. me. Mhm. What's your car insurance on a monthly. basis? Uh car insurance, uh I think it was like 90 a month. Okay. Now, the rent's fully taken care of, so. utilities and internet and all that good.

stuff. internet, I pay 60 a month for. This place is cheap. Mhm. As in, they. won't give you internet. Oh, yeah. Yeah. Okay, and. food is fully covered. Mhm. Cuz we're not eating out anymore. I. understand it's not good, Mhm. but temporarily, so we can just. have a much better life, I think. I. mean, you're in like other than making. crap income from that place, the benefits you're also getting are. incredible. Like the free food and the.

free rent free utilities, come on. Phone. bill? Uh phone bill is. I'd have I'd have to look at it. Um it. was 60 like $60 for 6 months, and now I. think it then it goes down to $30 a. month. I did Mint Mobile's like special. plan. They Yeah. Okay, we'll say 30. 30, yeah, let's do 30. Okay. How much you. spending gas in a month? I'd say probably around 150.

150,000 $150. 150? Yeah. Uh and then, therapy and everything. that's fully covered by VA. Yes. Any other monthly payments you can. think of that you have to do? YouTube Premium. Other than that, no. How much is that? Like $10 a month. I think it's a little more, isn't it? Is. it? All right, that's what it was when I. started paying for it. I don't know what. it is now. We'll say 15. And then, what's that. piano thing on a monthly basis? Uh 160? Uh no, it was one it was 160 a year.

Oh, a year. Mhm. So, it was like 15 a month, yeah. Yeah, we'll we'll put it in as a. monthly. Mhm. Okay. Are you getting good at piano? Yeah. I. am. That's cool. Yeah, it's been a. blast. Mhm. Very cool. Well, good news is you have a ton of. money left over, which is why I knew I I didn't realize. how much I was putting away in expenses.

I knew I knew I was doing a lot, but I. never really sat down and put it. together. Yeah. Mhm. I'm going to give. you $100 for like toilet paper and your. toothbrush and all that stuff. That. brings you to. 420. Yeah. Okay, but that's your thing. So, that's. awesome for the 2,935. Also, I bet they do not allow 420 on a. Christian camp. You're right, they don't. That's not fun.

I mean, I don't anyway. It makes me too. anxious, but $2,515.20. Mhm. And then, I'm I'm putting 500 away into. my savings. We're stopping that for now. cuz you have $5,000 in there. We need to. get rid of the insane interest that is. being charged on this. The fact that. we've lost $1,200. on your income. this year so far. We're not even halfway. through the year yet. I mean, at that. rate, we're like.

3,000 will be gone within the full year. of just interest. That's stuff you have. to pay off again. Yeah. Okay. So, this cafeteria that you get. food from, what are the hours? Um so, it. is as long as we have at least um 50. people on property, which we do. most of the year. Like I'd say eight. months out of the year. Um we can have breakfast, lunch, and. dinner. And when there are not 50. people? Uh then, we provide our own own food. When's that? Um that's going to be in. like November and December. Good news,

we're going to be done before then. because we have an incredible situation. of $2,500. left on a monthly basis. Yeah. $2,500. left on a monthly basis. Obviously, we. get the Capital One out of the way, then. we get the Venture card out of the way. But, the interest that's being accrued, let's call. let's say you're going to have to pay. off let's just let's be extra safe and. just say $11,000. cuz of interest. Divide that by the. 2,500. Four and a half months, dude. That's all.

it is. Years and. years. of you just putting this off and making. ba- little little steps towards it, and. then spending more money on it, and then. we're continuing in the hole, and we're. losing hundreds and hundreds and. hundreds of dollars in interest on a. monthly basis. 4.4 months in your life. is completely changed. Not only there, I. would add cuz it's a you have a cheap. living situation, I would do an extra. two months on top of that, so call it. six and a half months. $10,000 is in a.

fully funded emergency fund. Boom, that's awesome. Then, you can live 50 30. 20, but you don't have to because your. needs are basically nothing. What I. would do is like. 15 Sorry, I just No, you're good, man. 15% on needs, and then, I'd give yourself 30% wants. Go get that Chick-fil-A. Go get your. daily coffees. Fine, that's fine. Then, the rest should go towards starting to. max out retirement funds and saving up. for a car on the side.

Mhm. Okay. Yeah. That would work. And. then, if you want, you can boost that. emergency fund to like 20,000, so you. have a little extra when you go to. college again. And I mean, there there's. a lot of options here cuz you you have. because of the disability and the crap. salary combined equals something. little. great, but you have no mandatory food. costs except for a few months out of the. year, and you have no rent and. utilities. So, this gives you a very. unique opportunity that like no one else.

has where you can get your money. situated. We can have a car fund. We can. have. crazy maxed out retirement fund. We. could have at least your Roth IRA it's. out. And then, try to put as much in. your 401k cuz again, there's not a lot. of income to work with, so just do what. you can. And buy a car fund. Maybe you. get your car fund to like 15,000, then. you get a 15,000 hour car when this. thing breaks up. Maybe save it up to. 20,000 and get a 20,000 hour car fund. I. just don't want you with your income, the ratios, I don't want to save up too.

much for a car. Cuz really, there's no. need to get more than like a 10,000 hour. car with this income. But, if you want. to get an okay car because you're. contributing a lot to retirement because. you have a fully funded emergency fund. and your needs are so minimal, fine. But, the goal from there, figure out. when you want to go to college. If. you're actually wanting to do the thing. that the degree is required to do. Yeah. Like, if you're not actually going. to do it, then why even get the degree? That That's kind of where I've been. lately. It's. Uh so, I went on to the Wounded Warrior. Project guys that I told you that come.

out to Camp Eagle. I got in touch with. them and they brought me out on an. odyssey with them, actually. I contacted you right when I got back. from that. Um. and they kind of had us lay out what our. values in life were. And any decision. that we make towards our. our end goal of our life needs to. correspond with our values. And. I know I need my finances in order, but. I mean, I don't really care too much. about having.

a huge number in my bank account. I want to be able to survive off of what. I make. And retire at some point. at some point. Um but, I want to have a cool impact on. other people. And that's kind of where my values are. So, I'm like, what degree can I get. lines up with those values. And I will. say this, too. Even if you get the. maritime degree, you're making six. figures, you could financially help. people. You can donate to charities, you. can donate to.

food banks, you can volunteer at food. banks. Just because we are giving up. your daily service that you're doing. right now at the camp. because we're going to be making much. more money, it doesn't mean you're not. giving. You can give in different ways. Right now, you're giving all your time. But, even for the places that give all. their time, they still need funding and. you can be that person that helps with. the funding and then give a portion of. your time as well. There's always ways. to give. It doesn't just have to be the. way you're doing it now. So, I'd focus. on what do you want to do for a career?

Fair. And then, we can see where we can give. You have a loving heart, I absolutely. love it. Make sure we're loving. ourselves as well. You already are, you're taking care of them, the health, which is great. All that's required here is six and a. half months in your life is changed. Six. and a half months Yeah. especially. compared to people on the show, is. practically nothing. I I can easily do. that. Do it, dude. I would celebrate. with you and everyone would celebrate. with you and it'll be great. In fact, since it's six and a half months, six. and a half months, you should be sitting.

right there and I should see no credit. card debt and a fully funded emergency. fund. Okay. Will you do that for me? Will you do that for you? Let's do it. All right. Any final. thoughts? No. It was good. All right, go. kill it, man. Sweet. Thanks, Caleb. For Colton and his hammer financial. score, when it comes to spending, I. can't give him anything cuz he doubled. his balance and maxed out his credit. card. Come on, zero out of 10. But, when. it comes to debt, not in a good position, but certainly. not the worst you can get, two out of. 10. Retirement, actually quite happy.

there, six out of 10. Emergency fund, four out of 10, also a really good. start. Real estate, there's nothing, maybe we'll get there someday, zero out. of 10. For now, Colton, hammer financial. score, 2.5 out of 10. If you want a free. $5, sign up for Acoin using the link in. the description below. You put in $5, you get a free $5 and I get a free $5. It's just like Oprah giving away money. and it's a great way to start investing. And don't forget to check out my. Instagram and Twitter. Thanks.