Nasty Karen Hates Me | Financial Audit

This is some of the worst debt I've ever. seen in my life. You make so much money. you can't even survive. have to pay the IRS because I owe taxes. I also have a grand piano and a grand. piano does not live in a studio. apartment. Get rid of it. I don't give a [ __ ]. Yeah, I do give a [ __ ] It's not going. well, obviously, or I wouldn't be. talking to you. You are in so much debt. I know. Hear yourself sing. Go. Beautiful voice. I'm Lydia. I'm 40 years old. I live in. Austin and this is financial audit.

What do you do here in Austin for a. living? I'm an advanced practice nurse. I work in gerry psych. Very cool. We've. had quite a few nurses on the show. Love. them. My mom's a nurse. I'm a fan. Great, great, good. You can't be that. bad. Well, well, we'll see. But what do. you make? Um 132,000. before bonuses. Damn. So this is why you. thought you could get a nice car. Okay. had just gotten a bonus. I got I asked. for a 6% raise last year. And did they. give it?

And they gave me a 15% raise. Doesn't really make sense, but And so I. I and I at the time I was living in a. house for 6 years. Everything was. stable. Um. and so I felt like it was it just fell. in my lap, essentially. So what about the bonus? What's coming. in there? Cuz you know, it's always the. people that make the most that somehow. get trapped. themselves the most, yeah. Mhm. What what's your bonus? Um uh it's based.

on productivity. So I get a little I get. a percentage of what I. bill each month. I get like 30%. So it's. based on how much. work I do. So the 8,053 that hit your. account, was that including any bonuses? No, that's every month. When are the. bonuses normally hit? Uh every 6 months. So I'm due for my my So months January. through June I get in July and July. through December I get in December. And. what did you get your last bonus? Um the.

end of the It's usually around 5,000. Okay. Well, I mean that's still great. Um in terms of your income already being. huge, it doesn't move the needle in a. like crazy direction, but it is still. obviously a substantial amount. with like uh cuz my mom is an. accountant, she's a CPA, she does my. taxes and so she it's every year it's. basically maybe like 142. Gotcha. So because you bring in $8,000 a month, you decided you wanted 20% of it to go.

towards a car. Yeah? At the time. while your retirement isn't. huge for 40. No. No. Um at the time, so when I bought the car. that I did. there was a reason. I was already. looking I was already looking into three. different kinds of cars. I love Ford. I'm a Ford We're a Ford. family. I had a Ford Edge. Why is there. loyalty to a car brand for a family?

It's what we've always done. we just get the car we can afford? Yeah, at that time Ford was affordable. I mean Ford is not affordable now and. for the customer service that it was I. was tired of being [ __ ] around, essentially. I know there's something. wrong with my car. I take it to them and. they take 3 weeks to figure it out and I. was tired of being. they were incompetent. Okay. And so I wanted to buy a car that had. good customer service and so I. researched a lot.

And I was just I just happened to go to. the Porsche dealership. And. Mhm. the car that I got is pre-owned. It's. not a brand new one. So I spend $1,500 a. month on a used car. Okay. Sure. Well, customer service is. excellent and. um. it was only 20,000 more than what I paid. for the Edge. That doesn't mean that the. Edge was a good choice either, though. I've never paid $20,000 a month for.

customer service before. Yeah, you're. right. interesting customer service bill. True. Do we. put 20% aside on a monthly basis when. Usually we save retirement for last. Well, let's just go there. Do we do that when. uh this. IRA here is sitting at $12,000? $12,000. and we put 15,000 $1,500 a month towards. a car? Towards a car? Yeah. In what world does that make sense? I.

mean it did. $18,000 a year. Do you have. retirement outside of this IRA? Nope. Uh. my my employer gives me they match it. You're where I'd want someone to be at. like 26, 27. Yeah. How in your mind are you possibly. justifying such a big customer service? Customer service? I know. So we're we're. going to we're just we're going to not. retire because of customer service. I. also wanted it. You what? I also wanted it. Well, yeah.

I mean I I hope so. I hope you didn't. get a car I hope you were were like I. hate this, let me get this. What? Of course. Do you want to retire? Yeah. Oh, okay. Well, that was a very. unconfident yeah. I mean I at some. point, yes, I will retire. You will? Mhm. How are you getting there? Cuz. right now math is not mathing. Yeah. I. understand. They're going to have to push the. retirement age for social security and. everything like that for full benefits. I doubt I'll get social security. Why? I I'm not very hopeful the way this.

government is going. Okay. So. then let's pretend let's pretend that. So now what's your plan? Well, mhm. yeah. Good point. You know, you're on an insane mountain. of debt. You've lived your life by debt. Like debt should be tattooed across your. back or something because this you are. in so much debt. And. for your age, not great retirement. Yeah. When did you get the Porsche?

April of 2023. Last year. A little over a year ago. Yep. And I will say I did not create all this. debt. I inherited some of it. What do you mean inherited? Like I I. took over some of my mother's. Credit card debt? Mhm. We have the same. name. And so a lot Yeah, but were you on it? Yes. Oh, you were on the credit. Yeah. Well, that's okay. That's not. inheriting. You took it on by being. But I took it on and I did not know I. would that there was so much when I when.

I started making more of my own money. Why were you on her debt? We we we also. Yeah, we I mean she built my credit from. when I was in high school. We started. building my credit. When did your mother pass? She did not. My dad did. My mom is still alive. So you're just helping her? I'm helping. her. When did you start helping her? About. 10 years ago. Okay. Well, that just.

makes no sense. I mean let me just call. that out immediately. This car This. first card and a lot of these cards are. basically maxed out. So if we've been. helping for 10 years, we've helped about. a dollar a month. I do feel like I'm drowning. help? You say for 10 years, where's the. 10 years gone? Right, but it what happens is I pay. more than the the. minimum payment every month. Mhm. And there for a while I was giving. them $1,000 a month and I was paying it. down. And then when my dad died, we just.

had a lot of extra stuff and then the. cards went back up. When did he pass. away? 10 years ago. Okay. Okay. So what what I'm saying is right now, and this is partly why I wanted to come. on, is because I know that something's. got to change. And what happens right now is I pay all. my bills. but then at the end of the month I need. to go to the grocery store and then I. end up using a card to go to the grocery. store or something like that. And so. What's your rent? Do you rent? Yes.

rent? 2495. Oh, do you have Are you the. only one there? I'm the only one there. Uh my mom comes and stays with me. about a week or two every month. So she. has her own room. Um. Why the [ __ ] is your rent so expensive. for someone that lives alone? freaking. Texas. Uh no. No. No. No. Yeah. There's rent for 900 bucks in. Austin, Texas. You're not going to live. in a thrilling place. Why is your rent. 2400? I also have a grand piano and a grand.

piano does not live in a studio. apartment. Get rid of it. I don't give a [ __ ]. Yeah, I do give a. It's not easy and What's not easy? That. was a gift my dad gave my mom at on. their wedding. Can it be in her place? No, she lives in a one-bedroom house on. a ranch with my brother. Uh okay, get a. storage unit. No, I play it, she plays. it. Play it in the storage unit. What? So. because. It's easy for you to say that, but what. I'm saying is there's sentimental.

Yeah. Sentimental value attached to. this. We've already made a I've already. had a discussion with my mom to sell the. piano. It kills my soul to sell that piano. But. you're going to sell it? I've already. had I've I've looked into it, but. they're not. They're it's too old, they said. I can respect sentimental, but you just. said that after everything is paid, your. groceries have to be put on debt and I. can see immediately because of the. sentimental piano, the space that it. needs, you're spending minimum an extra. thousand dollars a month than you need.

for a place to live for yourself. Correct. No, but what's your rent? Um 1356. He's 1356. He lives in Austin. Jake, what's your rent? I have 2200, but I live in a house in. 2200 with his fiance. Two of them living. together plus a roommate that will be. joining. It's just you. It's you and a piano. It's me and my mom. I take care of my. mom when she's here. Yeah, when she. comes, which is Right, which is when she. has doctor's appointments and she stays. for a month at a time. I can't do that. with a roommate. Did you know that.

changing jobs every 2 years is one of. the best way to boost your salary, giving you more money to save for. retirement? So many people totally. forget about their old 401(k)s or don't. want to deal with a rollover. I've been. there. Death by paperwork and endless. phone calls. But thanks to today's. sponsor, Capitalize, you can roll over. those pesky accounts in a breeze. Capitalize is a Caleb Hammer approved. concierge platform that finds and. transfers your old 401(k)s into an IRA. of your choice. They make the whole. process smoother than a fresh jar of.

Skippy. Rolling over your 401(k) is. crucial to consolidate your retirement. savings, take control of your. investments, and get clear visibility. into your fees. But let's be real. Dealing with old employers and lost. checks in the mail is a headache. So, here's how Capitalize works. First, they. help you find your old 401(k). Then you. open or connect an IRA of your choice. Finally, Capitalize handles the rest, and you can start in just a few minutes, saving you time and ensuring you peace. of mind. There's no time to start like.

the present. So, check out my link in. the description below to roll over a. 401(k) for free today. You'll wish I had. told you this sooner, so remember to. check out Capitalize to consolidate your. retirement accounts. But you decided to get a Porsche. Yeah, I did. And you can't pay for groceries? I think that's a self-inflicted. That's. you. Yeah. That's you making a choice. because of a want that you wanted. So, self-assess. Where do you think you are? Zero to 10, your finances ranked, your.

overall financial situation. Zero being. the absolute worst anywhere, 10 being. the absolute best I could be found in. the history of ever. Where are you? Probably a three. It's optimistic for someone who can't. buy groceries. But if you want your Hammer Financial. Score, get it for free. Link in the. description below. You can also apply to. be on the show if you have a grand piano. that I want to set on fire. That'd make good content. Apply at calebhammer.com/apply. I don't want to trust yours on fire. Sentimental.

But also, how much could you sell it for? I was hoping 15 grand. But the guy told me that there's not a. market for grand pianos right now. There's not a. He's got a bunch in his showroom, and. they're not selling. So, he's like it's. it's like a market. So, I'll call back. in 6 months, but. I don't want to do it. Uh storage unit. Dude, AC'd. Temperature. controlled. And then that's another bill, and that's. another bill. Yeah, but if you're saving.

a thousand on rent, I think we can. afford a hundred on a storage. Yeah, it's. If you're not willing to change. anything, there's there's no point. I've already. What are we doing? Yeah. All right, let's go through your debt. We have a Capital One Venture Card maxed. out. Been trying to pay it for 10 years. Maxed out. You didn't tell me a wow. off. It was a while ago. Then my dad died, and Okay, 10 years ago.

though. And I'm very sorry about that, but 10 years ago, so that's. you know, $1,200 a year. And then trying. to take care of my mom. My family lives. in Germany, so we were trying to go. there for Christmas every year. It's what it is. It is what it is. Okay, when did that stop? When we were. determined like, okay, that doesn't make. sense for us financially. Well, we're not going this year, but. they're coming here. year was your last. So, you did this last year. We go every. year at Christmas, yes.

Okay. So, since Christmas, why is only $200. paid off then? When the minimum monthly payment is. $434. Now, sure, it accrues $287 of. interest. Yeah, so it's basically I'm giving them. 500 a month, and it's really only. hitting 300. Can you answer my question though? Why I Why it's only $200 since December? Cuz it's been it's been used. I mean, my.

dogs come at my my dog uh. pet. What is it? You know you're making an. insane amount of money, right? I do know. that. Yes. And like I said, every bit of it goes to. something. $14,779.10. That's an insane amount of money. And we owe $434. All right, everything does go to. something. Yep. Including 5% of your.

money or $400. 5% of your spending or. $400 went to going out to eat. Yeah. And I think that that could be better. Uh yeah, I'd say it's about $400 too. much. So, we already established that $4,000. came in. How much went out? Spending, debt increasing. What went. out? Of what? Everything. Your entire. finances. How much went out? How much. left? Left my bank account. Left everything. Well, you just said 400.

to eating. 400 went to going out to eat. Uh-huh. 4,000 came in, right? Or 8,000. came in, sorry. How much went out? Oh, all of it but 300. I have probably. about 300 at the end of the month. 8,222 went out. Yeah. So, more. Yeah. Would you like to know another reason. why or would you like to know the main. reason why the credit card is not paid. off since.

this. Went up on this by $10 even though. you made a $600 payment, which is over. the minimum monthly payment. But you. paid over the minimum monthly payment, but it doesn't it doesn't even matter. cuz you went and purchased $323, and. $287 of interest accrued, bringing it to. $14,779. on a $15,000 credit limit. Mhm. What are we doing? What was it? I know. what I I know what that was. What was it? I was with my friend, and her daughter. had a birthday,

and they all. pierced their ears, and I pierced mine, too. Incorrect. Amazon, Amazon, Amazon. Three Amazons. $69, $118, $61. And. Banfield Pet Clinic, but that one's. okay. the insurance, yes. Uh I wouldn't put it. on a credit card. Uh that was supposed to be the only. thing that's on there kind of helping. it. I was told to Yeah, so you have you pay. off your credit card, and then you have. something. Yeah, it's not going well, obviously, or.

I wouldn't be talking to you. Well, then. obviously it shouldn't be on there. Yeah. So, why is it still on there? Banfield? Yeah. It No, checking account. Okay. What but okay. And I like pet insurance. Trust me. Some. people are against that, but it's. personally saved me thousands of. dollars. So, I'm not against that. But. on a credit card that we can't pay off. and it's accruing interest, and the. balance is only going to happen. It's. almost at the credit card limit. to my. we get on Amazon?

Um. things here and there. It's. Should you pull up the app? Should we. take a little peeky? Well, I share it. with my mom. So, it's sometimes. sometimes she. I put took all my stuff off of the. Amazon app because sometimes if her. um they go to the next payment. Like so, she's paying for stuff for her, and then. if she doesn't have enough in her. checking account at the time because she. didn't get social security or something, it goes to the next one, and I told her. it's got to stop because I didn't want.

to get it out of my checking account. So, I took myself off of Amazon, but. it's little things here and there. Like. baby shower gift or or hosting something. or. Oh yeah, that's how it works. It it is, and I have not been on Amazon. in. So, all three of these were her? I have not been on Amazon in the last. month or two. Uh you told her to stop, she didn't stop. After those, I told her. to I took my stuff off.

So, be honest with me. How much of this. $15,000 is your mom versus you? Um. So, the way our family works is like. when we go on a trip, I I pay for us. And so, I know. It it it's but it's mostly mine. I mean, I will say it's mine. It's from. I mean, I will take ownership of it. Why. are you paying for everyone's trip? It's. just for me and Mom. Just for us. Like. our airfare or whenever we it's.

it what's mine is hers, and what's hers. is mine. It's like we're. No. It it I know, but it's. How old is she? 76. Okay. How's her. retirement? She sold her business. She had her own business, and she sold. it. Oh, how'd that go? I mean, she cared more about the person taking. over and having an opportunity for her. that she didn't sell it for as much as. she could have. Okay.

The. Is she aware that she's going into debt. for you? She's aware that. It's ironic because she's she knows. money. She's an accountant. She's a CPA. Yeah, I've heard those on this show. My. Growing up, it was um. like I could hear her say it's only. money. So, it it it's only money. And. that That's a dangerous mindset. It's a it's a not a. It's not a healthy mindset. It's but.

it's not a bad mindset mindset either. But when I grew up, Look at where it has landed us. And that's where we are now because at. the end of the day, when I was a kid, if we needed it, we. got it. And that was they were in better. shape than when my bro my older brothers. were kids. And so, it it it just a. different mindset for them. When would. they raise dust and. Trust me, I've had them on the show. multiple times. Accountant does not mean. knowing personal finances. I mean.

I love accountants. Course Careers. offers an accounting certification now. Absolutely love it. Accounting's a great. thing to go into. Does not mean they. know personal finances. This is sitting. at She Wait a second. Wait a second. Now we're saying the balance subject to. interest rate is $15,027. What is happening? Wait a second. What are we doing? Uh it's a 23.24%. interest. Yep. Okay. Visa, USAA Visa Signature.

Mhm. It's the lower interest rate, which is. I've been trying to pay that one off, but using lower. More purchases. Trying to pay something off does not. equal more purchases. You say you know, but why is it happening then? If I know I'm doing something bad that. I'm trying to stop doing to get myself. out of a situation. Like I'm doing it wrong. Yeah. But. So, why are you doing it? Why are you.

continuing this madness? Why? I'm telling you. Was this her, too? No. Okay. The USAA has been. Yeah. That's not an answer. I mean, what do. you want me to say, Caleb? I want to. know why. Why? I'm telling you. you're spending on it. There's things that I feel I felt at the. time that I needed. What did you need? This year, I think I put uh.

my gym membership on that one. No, no, no. What are you doing? What are you. spending on here right now that you. needed? Where are you Where are you. getting? What are you looking at? USAA. Yeah, but uh. when? Cuz I haven't used them in a. while. Uh it's your it's the you you. sent the most recent statement. So. It's your most recent statement. Mhm. In June. Sure. Mhm. Yep. It is 3 days into July. So, what did you. need? You say you you use it for the. things you need. What did you need? At the end of the month, I told you this.

already. At the end of the month when I. don't have anything left in my checking. account. Can I see? Oh, one second. It's. a little secret. Mhm. I'll let you see. What did you need? Something. Yeah. You needed it, right? I guess. Yeah. Starbucks. The [ __ ] are we doing? Yeah. So. So, let's go into more depth for some. Starbies. It's not even pumpkin spice season yet. Yeah, I don't like pumpkin spice. But I will say I something happened. My.

Apple Pay used to be on a different. card. I know. And it and I'm telling you. So, you should still buy Starbucks even. if it's on a different card. You have Do. you know how much credit card debt you. have? Yes, I do. How much? A lot. That. was not a good number. I have a lot. I. know I do. And I'm telling you this, I know coming. in I spend I can change spending on food. and and coffee. Why haven't you then? What's different? I I. What is different now? You walk away. from here. How's that different? Uh something changed when.

I mean. I'm here. I get that, but I can't excuse. that. I can't excuse cuz people walk in. here all the time and they're going to. say I I I change I'm changing my. spending. I changed it in the last week, things like that. That doesn't make any. sense. That doesn't make any sense. I. have you. This is you on paper, your. finances. But but you're just looking at one thing. from two and it used to be more. So, that means this is okay? It does I'm. not saying it's okay, but I. Then what was that trying to excuse.

then? That it it has cut I. I've I've spent less. Uh-huh. But you're still. still. Still I I know, but it I'm just. saying that we have to start somewhere. Do you want to high five? No. Cuz this. is this is still horrendous. I know. Okay. You You don't have to keep saying. that it is. You don't. I know that it is. Okay. Usually when people know things, they. then would change it. Yeah, you.

But you haven't. So, maybe I do need to. keep saying it. Okay, keep saying it. Okay. And trust me, I will. It's my. show, girl. sing. Hm? Hear yourself sing. Go. Beautiful voice. Mhm. So, a really exciting thing that you. guys should be thinking about is we now. have all these extra things with our. YouTube membership program. You can sign. up for our post show. We talk about. extra drama for the episode that we. didn't have a chance to dive into. Why. would I want more than one stripper? I. don't even want one stripper. You don't. [ __ ] them. You just touch them and you.

move on. I want to do that again? Because it's. fun. Is that? And it's wholesome. You're good. You need it, bro. How is Caleb as a. lover? I'd give a solid nine. Wow. How. do you get to a nine? I just don't know how to answer that. because I mean, I just do. I just do. For the upper tier memberships, all the. people from the crew from over there, they come together, they make crew casts. and they talk about the behind the. scenes content and how we do everything. here. You're like, I don't want to. contribute as much because I'm already. so much on cameras. That is the greatest. thing I've ever heard.

Twice a month, Noah and I come here, we. have a live stream with you guys and we. hang out with you, we answer questions, we chat it up, we talk about the show. We just have a good time. Caleb reads. that book every day. I actually wake up. and then I goon to that book in the goon. stream. And then most exciting, right. here at this table with the more pie. charts, we have an exclusive, uncensored, and free financial audit. episode for the top tier members that no. one else gets to see anywhere else. Consider joining because ad rates are.

always up and down. We're trying to. build something great here and I wanted. to make sure to provide the best content. and the most amount of content that's. ever been in a YouTube membership. Link. in the description below. You're sitting. at $15,400. No, no, no, no, no, no, no, no, no, no, no, no. Credit limit is $15,900. You're sitting at 15,442. So, it's a perfect time to get some. Starbies. 95 cents. And also donations. I mean, you donated. to ActBlue.

We have credit card debt, but we're. donating. Hoping they're going to. forgive your credit card debt? Um. then that's fraud. I didn't do that. You didn't vote to No. And I will have to pay that. but donate to the Isn't that Democratic? No. Heck, no. Okay. Well, yeah, looking at that cuz that's. just scary. You might have to lock your. credit as well. Yeah. Interest accrued, $145.34. Purchases, $86.

Makes no difference because. I mean, you put $300 towards it, but we. only went down 70 bucks. Yeah. And then there was also I don't know. what this is, but Favor. Serrano? Cedro? Yeah. Um it's like Favor, Uber Eats, DoorDash. I know. I know. It. She knows, but she doesn't not do it. So, what can I do if you know. everything? I mean I don't know everything, but I do.

know when I'm doing something wrong. But you can keep telling me my error. So, every day I walk into the office. My producer over there who makes me. suffer during the post show. Good. I make him suffer. I slap him in. the face. I give him a big old morning. slap. Now. I know that's wrong. I can announce. that's wrong. What if I slap him tomorrow? Like what what are we doing? You know? It's still wrong. Mhm. If you. know this is wrong.

that doesn't excuse you doing it. That. doesn't mean it's okay. No, I'm not I'm. not saying it's okay. I'm just saying I know where I can. improve. You can slap him in the post show if you. want. Okay. That one I I I I don't I. don't slap. I I punch. Even better. But it might not be him. It could just. be you. Why? I'm the one actually trying. to do [ __ ] here. You're just saying. stuff. What do you mean just saying. stuff? I mean like you're. Calling you out for your [ __ ]. You're calling it out. I think it's very clear that you've.

never been called out on your bull. Um. I'm I'm pretty sure I'm pretty sure that. uh. I've been called out my whole life. Really? Yes. Okay. So, maybe that's not your I ActBlue. This is my friend. She's running for uh. city council. Okay. I didn't let you finish then. Yeah, that was just a. Thank god it's not fraud. Yes. Yes, I'm glad it's not fraud. Then you'd have to go punch the. fraudster, too.

Yep. Okay. But I have been called out my whole. life. I mean, I am the youngest of four. brothers. I have four brothers. So, maybe calling out is not the best. strategy for you because look where you. are. This is some of the worst debt I've. ever seen in my life. You make so much. money, you can't even survive. So, I don't think being called out works. for you. We could just duke it out. Huh? Are we going to fight? I can't hit a woman. Just That's what they all say. Well, I mean, you'd still probably kick. my ass, but I couldn't hit a woman.

Like. Okay, this is a Torrid? It's a credit card It's a yeah, it's a. clothing store. Okay. And yes, it will be paid off in 2. months. Why or how or what? Cuz I will pay it off. Yeah, but I asked how. With my money. Well, you said you don't. have anything left over at the end of. the month to even get groceries. What. money? Right, but. $300 a month and you brought in this. last month. What money? At the beginning of the month, I pay all. I pay on these bills. I just paid off a.

credit card this month. Mhm. I'm going. to spend that money and the money I. already put towards Torrid to pay that. off. And then I'll pay it off again and I. have a bonus coming in July. But I also have to pay the IRS because I. owe taxes. I know. So. Oh, good. Yeah. How much do we owe? How much do we owe the IRS? 1,300. Okay. It's the first year I've ever had to. owe.

So, they already withhold the majority. that can be withheld from I. every month and then now I owe still. Basically, I just want to get to where. I'm in a better place so that I'm not. angry all the time about it. Are you. angry all the time about it? Yes. So, why do you spend Why do you You spend. like thousands, right, on boxing? It's. unlimited annual membership, yes. How much? 1,900. I'm grandfathered in at. the.

the that price. Now, the same membership. is. 2,900. Then just go fight a dude on 6th. Street or something. No, I'll go to. jail. True, but then if you're in jail, you. can't spend on your credit cards. Nope, they're still on auto pay. 32.24%. interest rate on here. Yeah. Interest charge 23. We did it. We did it. Ladies and. gentlemen, we have a breakthrough. We. figured out how to not spend on a credit. card. I told you I I don't spend all the time.

Okay, well. All right. One. Mhm. Come on. Let's see. Well, allow me to have that. little celebration. Oh, good job. You're. encouraging me. Thank you. And I will say the passive aggression in. this room is making his skin crawl. I don't like passive aggressive. I just. like aggressive. Aggressive aggressive is what I like. more. I don't like the passive.

like passive aggressive? No. That's why all the. dripping disdain I hear is just blowing. my mind. I give I give myself some passive. aggressive, absolutely. But. You don't think you're passive. aggressive? Okay. I can be. All right, there it is. $5,221.95. on a Quicksilver card. Yeah, that's the. smallest one. That's one I usually like. to pay off with my bonus, but I've been. trying. That you usually like to pay off with. your bonus? So, this is an ongoing.

thing. So, what are we doing? Why is it. built all the way back up? So, okay. okay. Then I can't celebrate the last. one cuz if the last one's being paid off. with your bonus, historically, that just. means it's going to go all the way back. up. How does that stick taste? it. How do we know it's going to not get. paid all the way back up? Well, I mean, I can tell you that I'm making a change. because I'm here today, but but you're. not going to believe it. What just What can I do with that? Would. you believe it? Um.

You know how many conversations I've had. here? I know, but. Like what would you honestly believe. that? Well, be honest. Why? I believe it for myself because I. but if you don't know you, I don't know. you. You don't know me. No, you don't. So, would you believe it? Nope, you're going to think like I'm. every like everybody else, a dumb mofo. I don't think people are dumb mofos, okay? But look what you have. You have. You have a discipline issue. You have a. behavior. You have a tendency. You have. This is your entire financial history.

written in stone written in front of us. Mhm. You're literally coming on here and. now that you're being seen by people, you're saying you're switching. everything. I'm not switching. everything, but I do agree I have a. pattern. But I'm telling you in the last 6 months. to the year, the pattern has changed. You didn't You don't have evidence of. what it was before is what I'm saying. I don't know. That's also something that. a lot of people say. They say because it was worse, it's.

better now. Fair. I'm down to one shot of heroin a. day versus two. Yay, my life's great. Fair. So, on this. me. Speaking of. We're back to it. We're back. $458. of purchases. Which I mean, we put a $500 minimum. monthly payment towards it. But of course, the credit card balance. went up by 100 bucks or so, 70 bucks. You know. My goal My goal, I mean, I.

don't know if this matters, but my goal. is. to keep Venture and USAA. keeping paying down and I get it. It's. It hasn't in the last few months, but. the Quicksilver card is a smaller one. and. any purchases that I need, I usually try. to consolidate it to that card. Have you ever budgeted legitimately? Mhm. Here's this, but. What is that? I like the overview more. than the details. This I have to keep.

Sometimes the details matter. I know the. details matter, but I I don't I saw a. calendar. No. You saw a calendar. It's. It looks like a Oh, that. Expense. tracker. Okay, so okay, we're tracking. the expenses. But what are you doing. with that? Are you using that and adjusting? Nope. Okay, so then what's the point of. tracking expenses? Yeah. All right. Just like anyone who comes on. the show, go through the budgeting.

program. Go through the budgeting program. We. worked with experts. We created what I. think what I legitimately think is like. the best educational program. never really. budgeted details. This is what my mom's. done for me. I've not opened this up to look at it. until now. Okay, yeah. I think I think. we're not relying on Mommy anymore to. help us with our finances at 40. So, go. through our educational thing, take the. quizzes, learn it. Yes. Yes. I also know she's not going to be alive. forever. So, there is an extra Oh, that.

attitude. She's not. Sorry, I don't know. I don't know what I'm saying. Yeah, you. don't. I'm in a mood right now. Yeah, you are. Okay, well, it's cuz of. you. Well, You You refused to sign our paperwork. for like 30 minutes. Yeah, may may I say something? an hour delay right now. So. Okay, so we're sitting at a $142 minimum. monthly payment. Right. Oh, good. Went inside a store, got some.

bull. Yeah. Now, we got groceries. Okay. You. know, I wouldn't put it on a credit. card, but I'm not going to like knock. it. Groceries. And our purchases on Apple or an Apple. subscription will do that. Instant Ink. Netflix. I mean, there's nothing on. there anyways. Those is like, well, nothing good. Well, that And that's the only sub the. streaming service that I do. You picked the worst one. What's the one that. true. There's like Peacock and stuff. Yeah, I mean, my Yeah, it doesn't. matter.

But I cut cable. I cut cable. I only. have internet. That's good cuz there's really nothing. there. except for football, but. You're right. Who are you? Or what are you What's your. team? Well, the Chiefs before Taylor Swift, but also the Cowboys. I'm sorry to hear that. I know. I know. 19.8% on here. Okay. We have a Swiftie in the office. You guys can fight after the show.

Cuz I think you're ready to fight. everyone. It's true. City Bank. I think Oh, that's that's Macy's. That. will be paid off by the end of the year, hopefully. Okay. But yeah. Well, I love the plan. I mean, yeah. Pay it off. But again, But that I. I don't. are, what is going to prevent you from. building it all the way back up? That's. my concern. so with So, I I agree. Macy's was paid off completely for. years. Um.

And then Christmas shopping. Um And I. know I know you're cringing. My nephews. My nephews and my niece. They're 28. They're older nephews. I. I love to spoil as well. My One of my. love languages is gift giving. So, I get. it. But also like. you, gift yourself getting out of debt. Yes. And And this this year, I mean, it's going to be easier because we're. not going to Germany, but. um. Yeah, I just.

the interest rate is going to go up on. that by the end of the year. Which is already the highest one. And. so, I I know that and I need to get out. of it. Okay, so for the Macy's card, the. City Bank, we're sitting at $4,663.34. It's your car payment rent that's. killing you. You could be out of debt. like so quick. You have no idea, but you. decided to get a stupid car and your. rent's ridiculous. Yeah. You might honestly have to choose. between your rent or car.

Cuz you've You've just You've You're. spoiling yourself and you have nothing. in retirement for your age. How long have you been doing nursing? This will be my sixth year, seventh. year. you doing before that? I was. My undergrad was in architecture. and I wanted to get a master's in. architecture. Um The economy turned. I went to nursing. because I could not lose my job in. nursing. Okay. And so, I made that. decision, became an advanced practice nurse. Well,

so why do you have so little in. retirement by now? I So, my I put 300 I was doing 300. 50 360 a month in. and then my company matches me. There would be a time, hopefully, that I. can do more, but I went down to the. lowest possible each month to match the. maximum so that I could. have the flexibility to pay off other. things. Are you going to be able to handle the. Here's the car. Here's the car.

This thing's insane. And we don't have. the value cuz the the VIN thing that you. sent didn't work. What do you mean. temporary? Like it's It'll be done in. another 4 years. Like that will be paid off. it's all debt's temporary. All debt will. get paid off if you pay the minimums. That doesn't mean this is It's $1,500. being stolen from you. You. You're going to have You might have to. choose between the car and the place. Yeah. Let's play hypothetical. Gun to. your head, you're inside of an. elementary school. What would you pick?

A. the car. or your rent? I take the gun and shoot. the guy. You probably would, but if you had to. pick one, like legitimately, which one. would you choose? Okay. So, you can keep the. the piano. No, I would choose the rent. to So, you get rid of. Yeah. So, you would have to get rid of. the piano. Right. Or put it in a storage. Right. AC. Yeah. So, 6.29% not the worst rates we see.

here, but certainly not good, especially. with depreciation and everything. I. mean, you're definitely losing value on. this. But But USA has. USA has a good um. interest. I mean, they have a good deal. What What's the good deal? That it's a lower interest rate. Everyone was getting rates like this or. better when you got this car. Oh, well. a USA thing. So, I don't know You You. seem to have these interesting loyalties. to companies and you're going to just. allow them to do whatever. I I know that. the dealership could not beat it.

Well, no, dealerships. No, they're No, uh-uh. Okay. Loans to. dealers are unless they have like a 0%. thing for some deal or something. Like, yeah. So, it's Wow, 1450 a month. That's crazy. Yeah, that's a good deal. It's a great deal. What do you think this car is worth? Have you looked? Do you Can you text Noah the VIN and. photos so that we can. get the value on this car?

Done. Send it. Cool. So, he'll run that. What do you think the value of the car. is? What do you think it is? Um I mean. I don't think it depreciates as much as. other cars. I mean, I bought it for. um 89. And I don't know, I've never looked into. you think it is though? Like, how much it would be worth now if. I sold it? sale. Maybe I could get 90,000 for it. Okay, she thinks it's worth 90. Let us find out. Great. Prove me wrong.

Oh my What are these are student loans? Oh my They're like 7%. Yeah. Oh my death. We're sitting at. $93,000 of student loans. Yep. Oh me. Yep. Go. It's the reason why I have the. job that I have now. But if I don't have any other debt but. student loans, I I would be. sitting much better, obviously. You probably don't qualify for any like. lower payment plans. Oh, I.

Well, What are you in? Do you Are you working. in the public sector? So, I applied to have um I work in a. non- What's the You can get your loans. forgiven if you work in a. a lower income area? Lower income area, but also like a a popu- like a. marginalized population. Okay. Do you know what I mean? What's the program called? I don't know. I. Cuz I know like rural hospitals, like. you can do there's stuff like that. Yeah, and when I I first applied to a. job in like rural Io- not Iowa,

Illinois. Not Illinois. Where's Indiana? And that Gary. Well, that was. uh. it it applied if I had gotten that job. there because it was a mental health. matter. So, it's not what you're doing. now. but but what I'm doing now, it is still. I mean, it's it's older population, mental health. confirmed this that it qualifies under. the plan? not qualify because it's private. practice. okay, well, there we go. So, what is. your What's your minimum monthly payment.

on these? Uh 330. 330 something. It used to be 670. Okay, so what did you do? You Did you. expand the payment period? Well, no. I I. tried calling them. And I said, "I can't. like I don't have this to allotted to. this." It's a It's cuz the student loans. just came back into being paid like this. last November or something. Yeah. And so, I tried calling them. I was on. the phone for an hour and a half. No one.

picked up. I couldn't chat with anyone. online. And everything is a scam now. that I didn't want to just call like. have anyone call me back. Anyway, no one. called. I just said, "I'm just going to stop. paying it. I'm not going to pay it, and. someone will call me.". They did. Oh, okay. They called me, and they had. the lower They did it automatically. The. Well, you were lucky because if it If. you were doing this starting like now, they would be garnishing your wages. You. had a year grace period. Yeah. It's just bothers me that they don't.

have the flexibility to actually provide. good help for you, and then they just. take again, just take your money. You make $142,000 a year after bonuses. Yes. No offense, I don't think you're the one. that needs the extra help. No, I know. But also, I'm not going to worry about. the student loans when I'm going to be I. know I'm going to pay on them forever. I. mean, if you're on the traditional. payment plan, it'd be 10 years. Remember, temporary, like the car. Yes, if that was the only thing I was. paying. Right. Yeah, instead we decided to go.

into a bunch of credit card debt and. stay there because we keep spending it. and even when we pay it off with our. bonuses, we build it all the way back up. again, which means we might do that. again. So, who knows? In our checking account, we have $252. $257. You Venmo a lot crazy. Who are you. Venmoing? So, the Venmo is uh. like. um. I meet with a small group on on once a. week, and I hope we all chip in for the. meal. Uh we share dinner, and so Venmo. out weekly for that. If I go out with uh.

friends, and then they pay for the bill, we all Venmo in. So, we we Venmo a lot. Got you. Venmo. Venmo. Yep. Venmo. Venmo. Venmo. Venmo. Nails. Let's see those. Let's see those. things. Uh nope. Oh, the other ones. Yeah, let's. not see those things. Nope. George They were That was in the. beginning of June. That was when I was. in Dallas with friends. George Cafe, Pizza Hut, Burgers, Peters, Einstein's.

Bagel Bros, Coffee Bean & Brew Coffee, Kebab. Venmo. Venmo. Venmo. The Austin Stone. Black Space. Coffee. Kebab. Sonic. Venmo. Venmo. Target. You never really. know what that is. El Chile Cafe. Porsche. Porsche. Porsche. What do you. get? Like a vending machine in Porsche. or something? Einstein Bros. Rudy's. Country. That is some barbecue. Venmo. Venmo. Venmo. Venmo.

So, it's also probably going out to eat, which by the way, now we can incorporate. that into your going out to eat going. out to eat is probably more like $500 a. month, 550, maybe 600. Einstein Bagel. Bros. Venmo. Venmo. Venmo. And you. thought your car was worth $90,000, right? I'm guessing it's not. Uh you owe 65 on it. You could probably. sell it for 64. 64 65. So, you're actually not. underwater, and if you are, it's not. dramatic. Yeah. Which is good cuz you. probably put a chunky down. Um I not not a big chunk. Okay, but.

you've been paying on it for a bit. Yeah, a year. Saving 629. Yeah, I I Yeah, I I'd like to save more. out, but. I'd like you too as well. Um I will say. that. Einstein Bros. I used to I used to give more to my. church in the beginning, and then when I. um. I I reduced that significantly because I. I wanted to save the money to pay for.

the IRS to pay the IRS. Yeah, you got to pay the IRS first. I mean, my my goal would be to be able. to give more. Yeah, you can give. anywhere. Usually, the best way to give. though, you'll give more over the long. term if you dedicate 100% right now to. getting out of debt and having a fully. funded emergency fund. Once you get. that, you can contribute 20%, 25% to. retirement. People have a larger amount. to give over a long period of time. that that's my goal. I want to be able. to steward better and. be more generous. But Yes, I know.

You're eating out every day. So, you're. not getting towards that goal. And if. you're eating out every day, it's better. than it was 6 months ago like. What are we doing? No, I mean, it's What. are some other goals you're trying to. do? Other goals uh besides getting out of. debt? Mhm. So, I mean, buying a house is. Okay, that's a big one. And that's that's kind of what's. awakened uh let me look at this a little. bit more carefully. Mhm. Okay, buying a house. When? Um my lease ends next July, and so the.

idea would be. from now. Yep. Oh, a year from now? If. it's not the right time, it's not the. right time, but I at least. get in a better position. Well, I mean, trust me, I would love for. people to buy before the rates start. going down. I don't think they're going. to go down quickly unless something. crazy happens, but either way, that. doesn't mean it's the right time for. you. Next July. What price range are you. looking? Um I got a pre-approval if I.

were to buy tomorrow. a pre-approval. Man, this economic system's wild. Okay. I mean, if I were. can't pay your bills, but okay. No, if if I were to I'm not doing it, but if I were to. buy tomorrow, he said that I would be. pre-approved for four 450. Yeah. If you're out of debt with your. income, you could do better. Yeah. And I I agree, and that's that's. my goal. And depending where in Austin, $400,000. is kind of a basic starter home.

Yeah. Uh one of one of my editors who's. been here the longest is getting a house. right around that price. Yeah. I Yeah. And it's a. very much a starter home cuz you know, that's a starter home. Right. Um I guess. this would be yours as well, but you. know, Yeah. But I also would rather not have a huge. commute to work and. all of that. So. Oh, well, I guess that's that Okay, then. I mean you you know, you're trying to. get picky about it. Uh. I mean, I it's icing on the cake. It's. not an ingredient.

So let's. talk about or or or we'll get your. budget, but. So you said you would rather get rid of. the. apartment It's the condo. Yeah. And. we'll see how much money you have left. over or don't have left over here when. we go through the budget in a bit. We are basically halfway through the. year and I need to make sure you guys. are saving your money in the right. place. In my resources section in the. description below, you can sign up for. one of the best high-yield savings. accounts there are, but you can also get. $300 for free with qualifying deposits.

You can also get FDIC insurance up to $2. million on your money and get 4.6%. on the money that's just sitting there. It's exactly where I put my money. Why. let your money lose money when it could. be making money? It's the biggest. no-brainer in the world. Open up a SoFi. high-yield savings account now and get. that $300 for free. Your lease is up in. July of next year. So you just resigned? I signed a 2-year lease last year.

That I will say what part of why I'm in. the there's. of Porsche by the way? A '21 Macan. Okay. Turbo. Why do you need a Porsche? I don't need it. Then it looks like you can break even on. it selling it. That's a huge debt to weigh off off. Massive minimum How much is your. insurance on it? Three something. Okay. So I mean we'd. save money on that probably too. Cuz.

expensive cars, more sporty cars, they're more expensive. used to be like 150. and I think it went up to two. I'm going. to choose for you. Gun to my head. Sure. You can do it. Get rid of the Porsche today, dude. Mhm. Seriously, just. put it up somewhere. Someone's going to be like getting all. hot and bothered seeing a Porsche on. there and. they're going to buy it, you know? And. then what do I drive? You get a $10,000 car. You get a loan for that. But you're. paying off a $10,000 loan at a higher.

interest rate probably, but you're. paying that off quick cuz we're going to. put it in your debt payoff strategy. But. that's paying off 10,000 instead of. 65,000. That is also going to bring your. minimum monthly payment down to like 400. from 1,400. Imagine if we had an extra. $1,000 a month to start throwing at this. stuff. I Your goal is to get a house. Your goal is to get debt-free. Your goal. is to have a fully funded emergency fund. and give more. Mhm. I want to get to you. to those goals. So let's get to those. goals. How do we get to the goals? We. have to sacrifice some of our wants. right now. And right now this car is. very much a want. You do not need this.

This is not necessary for your daily. commute. Who gives a [ __ ] You can you. make a lot of money. Your income's only. going to go up from here on cuz trust. me, people aren't getting healthier. So. you can get this car or a better car. in a couple years. What do you care. about more? Getting a house or keeping. the car? I mean, I care about getting a house. Then let's get rid of this thing, dude. I don't think it needs to be a part of. our life right now. I really don't. I'm sure it's great. I'm sure it's fun. What's its 0 to 60? Do you know?

Uh it's 3.4 seconds. That's pretty okay. So yeah. That's fun. It has sport mode. and sport plus. Wow. And I drove it at COTA. It was fun. Yeah, that sounds fun. necessary. Not necessary, exactly. So. let's get your budget. So income we know 8,000 bucks comes in. in bonuses twice a year, $5,000 each. just about. Your debt minimum monthly payments. This is before you sell it.

Let's let's figure that out first. Then we can see what we can save. Is that the Keurig coffee that we have? Mhm. Only the best at Hammer Media. With. um. a packet of hot chocolate. Oh man, living in luxury. Your debt minimum. monthly payments. are $2,997.15. Then your mortgage That's crazy.

Of course. half of that is the car alone. The credit card 17 high minimum monthly. payments cuz your debt's great. I'm. wearing What's the. I get so lost in all the documents. Your. total debt is. Your total debt is a. What? Yeah, cuz the student loan's 199. Yeah. And none of them are at a good interest. rate for what they are. None of them. We're at 200,000.

That's. That's wild. What's your rent again? 24.95. Yeah. Your utilities on average? Um about 194. uh 140 for water and then. 2. 50 for electricity. A little bit more in. the summertime, but I try to keep my AC. down. We'll say 400 then. Internet?

Um 60. seven. Renter's insurance? Um. It is I have this. Um. Renter's insurance is probably about. um. three three. 300 every. I pay it once a.

year, I think, renter's insurance. Okay, 300 divided by 12, we'll budget in 25. Gas, vroom vroom, drive drive. About $75 every fill-up, which can be. once or twice a month. Uh okay, so we'll say 100. 100. Car payment, we already know that. Car. insurance? Um car insurance is on there. It's. three. That's in with the um.

uh I don't have the car insurance. That is. 276.32. Okay. TP fund, anything else you need to. survive, 100 bucks. Groceries, 300 bucks. Your gym is $2,000 a year. Mhm. Divide. that by 12. Budget in 166 for that. What's your pet insurance again? 65 a month,

but she's having She was attacked last. September. Yeah, it was awful and. she got reimbursed for the ER visit, but. now I think from that attack she's. having some. chronic issues in her back legs. She's a. lab. She's only 6 years old and now I. have her on joint supplements that are. running probably 70. $75 a month. Okay. Okay, that sucks. I'm sorry.

It's. too young to have issues like that. Uh medical for yourself? My medical, so. I mean, my insurance is terrible. Well, that comes out before your money hits. Yes, and. it used to come out and I went back to. the HMO, so I'm not paying anything. extra for insurance, but my copays are a. little bit higher. So how many copays a. month at how much? Specialty is $80. That's probably once every.

three to six months. Okay, budget in 20. And then um. regular ones is 45. And that's once every six months. Oh, okay. We'll budget in 20. labs are. what every time I get labs done, I don't. think insurance covers all of that. So. it's probably like I'm getting these. bills from CPL that's like 238 here, 32. there, 45 here. We'll do 40.

Okay. Anything else that needs to be in. your budget that I do not have? Terminex is once a quarter, so every. three months it's $32. Okay. I think. that actually went up. Let's say 12 bucks a month then. It's. $32 a month because it's. Yeah, because it's 70. to night it might have just gone up, but. every three months. Um. I pay out of pocket. for vision and dental.

Yeah, but how much does that actually. come out to on a monthly basis? $15 or. $30 each. Do 15. Oh, each? Uh no, 15 for. vision, 34 for dental. Okay. I also have 30 I think you'll see on the. Wells Fargo it was like $34 a month. for car washes. Nope, cancel. Yep. It's. not a choice. That's just silly. Same with Netflix. Want YouTube? It's. free.

Okay. So come on, what are we doing. here? $7,188.32. I mean, you have money left over. What. are you talking about? At the beginning. of the conversation What are you talking. about? What do you mean by the end of. the month I have to put $300 on a credit. card for going out for for for. groceries. What are you talking about? That's that's not math. You have an. extra 800 Okay, let's just say 800. Let's round down. You have an extra $800.

left on a monthly basis. So what are you. talking about? After your bills are. paid, that doesn't make sense. That's. you going out to eat, that's you having. fun, that's you traveling, that's you. doing all bull. This is with the car payment or this is. without? Yeah. Oh, yeah, with it. So, get rid of. the car payment and we have an extra. 1,800 bucks a month. Once you get Once. you get the $10,000. The extra $800 a month is on purpose. because 800 is what I used to give every. month. So, now that I'm not giving 800 a month. to my church. Oh, not anymore? Well, I was putting. that to the side to pay the IRS.

Cuz I was saving up to do that, which is. now I was. that would have taken them 2 months. Right, exactly. And so, yeah. So, now I have to figure out what. to do with the 800 that I'll have left. What do you mean? Have you paid off the. IRS? Well, I have the money set aside. Well, I want to. What? So, what's happening is sometimes at the end. of the month if I don't have because I I. hate when my bills come out at the end. of the month. Okay. Student loans come. out at the end of the month and then the.

the electricity bill, which is sometimes. more than what's expected. And what happens usually is I'm pulling. out of savings to to to cover the. checking. And I don't like to do that. cuz then it diminishes my savings. account. But, in the last 2 months I've. halted my giving, I've wanted $800. left over. each month because 2 months of that. that hasn't worked cuz you spent $400, $500, $600 going out to eat with the.

Venmos. So, And then other things as well. That was. just going out to eat. The other large. purchases which accounted for. a large percentage of your spending. I. think what was that saying? 17%? 17.9%. of your spending? Uh Venmo. Oh, you. Venmo'd out $502. So, never mind. You go. out to eat $1,000 a month including your. little uh meeting as well. Pet hospital, yeah, that happens. Well, it Hotel. Part Part of the Venmo too. Part of the.

Venmo was. pay It's not all food. Part of that was. going to. uh Oh, it's her phone bill. I I'm on a family plan. I'm not I'm not. doing that yet. Oh, okay. So, I don't It's one thing. that I In my Sorry, what were you. saying? But, I would like to take that. Um. Mhm. The I went to Dallas for a weekend. and part of the Venmo was paying for it. the Airbnb. My part of the Airbnb. Okay, so you're eating out and. traveling, doing all this stuff. So,

just one one time. And all it take one time for this this. month, one time for that next month. I. know. So, $800. You So, we haven't been saving in that. up. Right. When does your bonus hit? Uh they're going to pay it July 12th. Okay, couple weeks. Cool. Week and a. half. And I'm going to. send what the IRS needs right away. And then. figure out the rest. Okay, so tell me, are you getting rid of.

the car? I mean This is your decision to make. You have to tell me though. Cuz I'm going to incorporate yes or no. into the plan. Correct answer is yes, but. you know. it it it's a plan for that. I can take it into account. That's. It You know, it's literally a basic. sacrifice. Who gives a sh. I know. Who gives a sh. It's a Porsche. Who cares? They're nice, wonderful. Get it. in cash in a few years.

Who cares? Are you I mean Are we sacrificing to get. the house or not? Cuz even. it's the. Even when you're debt free, let's just. pretend you still have the car debt and. not the rest of this debt. That's still. $1,500. a month that could be going towards the. down payment on a house. What are you. trying to do with FHA? Don't do that. What are you trying to do? What kind of What do you want How much. do you want to put down on a house? As mu- much as I can Okay, you know how.

to do that? Don't have a $1,500 car. payment. As much as you can. Mhm. So, are you getting rid of it or. not? I I will look at the plan based on I'm. getting rid of it. Yes. What would make you not get rid of it? I I don't know. It seems like a a lot. to do. Welcome to the word sacrifice. Like. getting to these goals are not easy. I. didn't get my first house easy.

I was saving so much money instead of. doing all this bull. And you're making so much more money. than I did. I was just stacking money aside though. as much as I could, making as many sales. as I could. Sacrifice. That's what this is. Uh-huh. You're right. You know what? You don't. have to do it. You can not sacrifice and. what happens when we don't sacrifice? You just won't get to your goals or if. you do, you're going to get them two. decades later. And that's fine if that's. how you want to live your life. But, I want you to get the house because.

you said you wanted to get the house. Yes. You don't want to sell the piano. I'd say that would be an instant 15K as. well. Well, you said the market's not there. yet either. Right. And you know with the minimum payment. bringing it down is this is accruing. more and more. Right. If I If I can get. to where it's only the student loans, then I can really put chunks to it. It's. a long way to go. So, do I write the car off or not? I. don't know. Cuz the reason I need to know is cuz. that means we have an extra $1,000 a. month and it means we replace a $65,000. loan with a $10,000 loan. But, I I So,

like what the what like I don't know. what to do. Right? Anyone who wants to get out of this. they'd get rid of it. Yep. Then let's do. it. Okay, there we go. Cool. So, replace that. Car is now 10K. $400 minimum payment, let's say. Take it. to a mechanic, don't just get the first. car. Take a bunch of used cars to a. mechanic, get their seal of approval. that it's going to be safe and last you. for years to come. A few years at minimum. Okay, so IRS is going to be paid off. when you get your thing. You're going to. have an additional $3,500-ish.

Uh well, yeah, 300 $3,500-ish. left. What we're going to do with that. is pay off the Torrid, throw the rest in. a 1-month emergency fund. Actually, don't put it towards the Torrid. Throw. that plus the income you get that month. towards your emergency fund. You'll have. close to a 1-month. Okay. So, that's. what you're doing this month. Next. month, pay off the Torrid. And with the $1,800 we have left, uh well, 1,000 we have left at that.

point, throw that towards the Citibank. Pay off the Citibank in 3 months after. that. So, that's 1 2. 3 4 5. We just finished the fifth month. And obviously your minimum your what you. have left over on a monthly basis is. starting to really, you know, it's. already increasing pretty largely. Now. we have like 2,200 to throw at things. So, you can pay off the Capital One card. in 3 months. Being conservative. I'm. being conservative here just to, you. know, so that.

So, we just finished eighth month. Then we pay off the car, the new $10,000. car. You pay that off in about 4 months at. that point. It's where our minimum. monthly payments are. That's a year. It's a year from now. So, I know a year sounds like a long. time, but in the grand scheme of things. it's nothing. I mean, this last year. happened in a blink. Yeah. Now we have like 2,750 to throw towards. things. Let's put it to And you're you're doing. minimum monthly payments on the other. cards while you're doing this. And you are.

Would Is it too too much to assume that. I could If I. traded my car in. for something cheaper? Well, okay, so trade in you're probably. just not going to get as much. So, you're going to have a gap that you'll. need to pay. That's the thing. So, then. I need to give it to someone that's. going to buy it and then but would. Facebook Marketplace, Craigslist, yeah. Oh, like You're doing private sale. That's how you get the best value for. money. If you trade it in you're. probably going to get a. I don't know what.

Instead of 65,000, 60, maybe 57,000 for. it. So, you're going to have a gap and. you're going to roll that over into your. next loan. I don't want you to do that. Well, I was. thinking someone could buy it for 70,000. and then I If If Sure. If you get it for. that. I mean, most people look at what. it's worth these days, you know, no. one's going to. On private sale, maybe you'll get a. sucker, but I wouldn't rely on that. Uh okay, and uh the Venture would be. paid off in 5 months, same with US.

Signature. So, we have our student loans. left only. That would be. ideal. That's a year and 10 months. Yeah. A. year and 10 months conservatively if you. don't fool around with your money. Nope. Okay, um. Gosh, but the student loans are bad. rates. Do we get our house with the. student loans? I don't think so. I. wouldn't cuz the student loans are. they're it's what? 7 8%? Like I I think. with the extra $3,500 $3,000 No, no, no, no. $4,000 we have left now because.

you've just you've your minimum monthly. payments are just horrendous. Wait a. second, let me confirm that. if I'm but won't those roll over to. where I'm putting 4,000 a month Exactly. So, you Well, exactly. So, instead of. getting a home or a fully funded. emergency fund in a year and 10 months. with the $4,000 you have left over on a. monthly basis now, honestly throwing. that towards the student loans and this. is This one's going to take a while and. I have a hard time seeing you do this. That takes 2 years. But, I still would do it because it is. so bad. You're not getting them.

forgiven. Nothing. No, I I've given up. on them being forgiven. So, I I've given up on them being forgiven. I think if you do this in the smartest. way it takes 4 years from now. 4 and a half years. No, no, no, no. 4. years and a quarter to pay off all debt. and have a fully funded emergency fund. That's what I think. And then from. there, I would start putting 20% away minimum. for retirement. And then take from. cuz your needs don't have to be. for your income. once you're debt free.

and you have a fully funded emergency. fund. I'd take 10% from your 50% needs, so 40% towards your needs, 10% from your. 30% fund and throw those extra two. combined 10% to a 20% set aside on a. monthly basis for a home down payment. fund. And I'd look to try to get into a. home by our mid to upper 40s. I know this all sounds so far down the. road it's cuz it is, but it's cuz you. put yourself in such a big hole. It's. all my fault. Yeah.

Uh but now you get to get out of it and. only you can do that. You can go through bankruptcy. No. Yeah, and that wouldn't even affect half of. the the loans anyway being student, so. It's it's a rough situation. Tell me, what do you think? Are you actually. going to do that? 4 years? 4 years of. like not even spending money on fun to. get there? Like you could do 5 years and. spend a little money on fun, but I mean. you're just pushing your ultimate goal. down the. down the road. So, what do you think? I mean, if my rent doesn't change where.

it is now, I could renew my lease for. another year. Maybe do another 2-year lease, and then. that You preferably. Again, you can have your piano for the. rest of your life if it's in a storage. place for 2 years while you lower your. rent by $1,000, I mean So then you would. want me to move. fully out of debt in 3 years instead of. 4, maybe. Well. Okay, so if we're talking about moving. Next one. then it's.

the cost of moving is a lot. It was. $10,000. Okay, well that's just you. being a little silly goose. Well, it's a. special person For the piano? For the piano. And then it's uh the I. mean for me it was 2,500 up front and. then another 2,500 for. So that's already 5,000 plus. it into an apartment for $10,000. What are we doing? What are we doing? Yeah. What are we. doing? But also, I mean I have a lot of.

the stuff that my mom would leave like. she gave the thing and I guess if I'm. getting a storage unit then There you. go. Or sell it or burn it. I'll burn you. Uh the moving thing let's look at. resources when that time comes a year. from now. Year from now cuz I can't say. I've never investigated moving a piano. I've only had electrical ones. and the thing the thing is is. you know, when I moved last year was. unexpected and so it was. everything was okay. It was much better.

last year this time than it was. than it is now because I had to use a. lot of. I just had to use a lot. to move. And then my rent almost doubled. from where I was paying. Yeah, we need to get your rent situation. under control. Okay. So, your spending in a budget, that's. scoring you spent over your budget, so. zero out of 10. You can fix that. tomorrow if you really want to, but zero.

out of 10 right now based on what we. have. Debt, you have IRS debt, zero out. of 10, sorry. And they kind of. I mean it would be a low score anyway. with those student loans, it's crazy. Emergency fund, you set aside a little, but it's going to the IRS, one out of. 10. Retirement, you're behind for your. age, three out of 10. Real estate, not there. yet, zero out of 10. It's going to be a. Hammer Financial score rounding up cuz I. don't round round down on those unless. someone pisses me off, and you didn't. piss me off. That's going to be a one. out of 10. Make sure to stick around for. the post show. Make sure to check out. all the links in the description below.

is there what I use or would use in. specific situations, different resources. like the best budgeting program in the. history of the internet and the best. investing program in the history of the. internet where I give you $100 towards. your investing account thanks to Moomoo. Today on the Financial Audit Post Show, there's a reason I don't sit and. complain. It's if I do that, all of a. sudden everyone starts to complain. The. couple of days that I. that I actually have to deal with. [ __ ] stressful [ __ ] that you do not. see to make this place actually hum. You. have no idea. I do know the things you. No, you don't. You don't.

complaining. Yes, Lydia. Oh, man. To watch the Financial Audit. Post Show, click the join button below.