She's STRIPPING Away Her Future | Financial Audit

how much do you owe know I know a lot a. lot like I I had an accountant I much I. think it's about maybe 60 My my what is. this why why why you even tell me what. am I supposed to do cuz you asked like. four times I didn't want to my name is. Christa I'm 33 I live in Las Vegas. Nevada and this is financial audit what. do you do in Vegas for living I am. a all right I've never been to one is it.

a good time um it's fun it's fun I. always say it's the only place in Vegas. where you went over the house it's a lie. there you go I just assume it's going to. be stinky and sticky no I work at a nice. one there are those but I I got into a. good one gotcha what are we bringing. home uh just in general on a monthly. basis what's our average CU I know there. a lot of tips and everything right so. this is going to be up down up down it. goes up and down I'd say average.

maybe like 12 thousand yeah cuz I make. wow I'm at about like 120 to so probably. about 10 120 I get um I get VA. disability so I get really yeah I was in. the Navy for six years oh oh very cool. okay and what is that on a monthly basis. I get 2,000 for that and free healthcare. so can't put a price on that well Uncle. Sam is my favorite sugar daddy.

um and then yeah and the club like it it. really varies like summer really sucked. I don't think I made more than. like four or five grand in the summer. but like October was pretty good um. November was really really good November. I probably pulled in like 13 maybe damn. yeah people just people just it's stupid. it's worth disappointing my parents for. sure yeah well yeah what what GL to say.

this cuz you're you're the first person. that's in that uh in this world on the. show congratulations thanks woo woo what. has led you to the Navy to Club yeah so. the the path from that was I was I got. stationed in California when I was. stationed in California I was like the. rest of America I'm going to stay here. um I started going to school and I was. working like restaurant jobs and stuff. and then um I got an opportunity to do. bottle service at a club in San Diego. and then from that I kind of got into.

the modeling World they did a lot of. atmosphere modeling and. um and then I had to quit that job to. move cuz I didn't get into the school. that I wanted down there but I got into. a really good school in Orange County so. I moved out of San Diego I went to. Orange County I was. broken um I was going to school I was. actually living in a van at the time and. um I wanted to save my GI bill cuz the. GI bill it only gives you like 36 months.

and I wanted to do like a grad program. like law school or something so because. um you know that's more expensive than. undergrad I tried to pay as much of my. undergrad as I could out of pocket and. um I met some girls who lived in Vegas. who were like workers and um the one. girl was like you know you should you. should become a and how old are you at. the time huh how how old were you at. this time so I was 29.

this is I got in kind of relatively late. um cuz I got into modeling late you know. I was like a lot of the agencies and. stuff they wouldn't even see you if you. were over the age of 23 so um I. auditioned at the club I'm still there. it's the only Club I've ever worked at I. got. hired and um yeah I dropped out of. school for the first time I was I for. about 6 months and then Co happened and. then I went back to school and then um.

when the clubs opened up dropped out. again and moved to Vegas what about. longevity this is no offense to bi I. know there's a time limit trust me yeah. well I was I was going to say what what. is that no offense to biology but so you. know there's there's a girl at the club. it all depends on like how you take care. of yourself you know um but I know girls. in their 40s and one girl's in her 50s. and she still works she doesn't look. like she's 50 but she is and they do as. well they're making like I mean they're.

there I don't know I mean I don't know. if if I I I don't really ask like how. Okay people do you know um the longevity. you see you being able to do this for. decades hate I can't do it for decades. oh you hate it yeah I ha it like you're. cold no one ever prepared me for how. cold strippers are all the time and um. you know you you do deal with some rough. clients rough customers yeah so um but. like it's it's such a.

I mean I I can't I studied sociology. like I always say the only way to make. money with a sociology degree is to. become a so like I wasn't going to say. it I say it all the time I like say it. all the time so. um I I gave myself you know like when I. first started I said I would do it for. five years I took a year off for covid. so you know I'm still on like year four. maybe what what then well so I'm trying. to start invested into it I I have yeah.

I've I've invested into it well. something was done somewhere here that. cost a lot of money yeah no I had my. done I didn't want tears the story about. that right I had them done previously. story I had them done. previously one of them fell out of the. pocket same and it was like rolling. around on my chest like an egg yolk it. looked and felt really weird so I had to. get that fixed so that was maybe there's. a weirder out there that would spend. even more money for that though in our.

digital era data Brokers profit from. selling your personal details to. robocallers spammers and those curious. about you this is exactly why I always. team up with today's video sponsor Aura. Aura diligently identifies these data. Brokers and efficiently handles your. optout requests these data Brokers must. legally delete your information when. asked but navigating this can be. overwhelming Aura simplifies this making. it much less stressful for you Aura also. provides an all-in-one solution in. including a password manager parental.

controls antivirus identity theft. Insurance and more all with their easy. to use software this allows you to have. a WorryFree online experience now you. can concentrate on what's truly. important Ora empowers you to reclaim. control of your private information with. an exclusive 14-day free trial as I. often emphasize on the show your private. information should stay private don't. let others profit from it sign up for. Aura at ora.com hammer or through the. link in the description below no if it.

was it was physically uncomfortable I. was like I got to get it fixed like I. would go on my my like sleep on my back. it be in my my air ear or my armpit yeah. no it was expensive yeah but I I know I. can make it back I did the yeah but. you're only giving yourself a year I. Grand a month uh yeah well if we make 12. Grand a month then why does any of this. exists because cuz we're about to get. into some of the highest total debt. balances I've seen seen on the show in.

terms of individual debts so yeah we. make a lot of money but why does it. exist well yeah well okay so I okay the. job thing I I was kind of backing into a. corner a little bit a lot of this credit. card stuff is because I purchased a. property in Arizona about an hour. outside of Vegas but I plan on turning. that into an Airbnb SL like event space. well why do you have credit card debt. yes you why do you have credit C is. credit card debt because of the. renovation I was doing like a full gut.

Rena Oh no you're putting it on credit. cards though I paid a lot out of cash a. lot of it I paid cash still put this. balance is at. $9,985 is AC crewing an interest $600. payment congratulations but $55 was. spent the balance went up the balance. went up and you are so close to that. $10,000 credit limit you're right you. make money why does this exist this is a. crew interest I know you're and what.

we're okay so we put our internet sure. we put some gas there sure we're getting. some beans and breu and pie hole I. mean that was that was a trip I took so. that wasn't in Vegas I usually eat it no. more trips no more eating pie hole you. go up there and you show your pie hole. that was a terrible joke that's illegal. I don't work a I I had to get it out I. felt it coming before the episode I. needed something inappropriate one. inappropriate joke wherever you find.

them go ahead just just insert him in. there Snap Fitness as well and just I. need I need a gym I get half nak in. front of strangers I need a g yes very. fair very fair uh that's illegal huh. full nude yeah there's only one full. nude club and i' never worked there. interesting I wouldn't have known again. I've never been but and so actually. there's laws about how much like square. inches are on our thongs we have to have. at least like two or three square inches. oh yeah three inches is.

huge that's when I'm feeling modest so. we owe. 9,944 L I paid a bunch no I think I paid. like probably close to like 500 or a. thousand there are going to be so many. people angry at me for the inappropriate. jokes by the way that's fine I'm about. to get called many a words I'd rather. them light you up in the comments than. me fair I'm doing it so that yes yes.

that's. because I have no filter definitely not. okay and we have minimum monthly payment. of. $247. 2016 and yeah we shouldn't be spending. on the. $1,269 of Interest has been stolen from. you this so far on here and $10 of fees. that's a lot earn this period was $10. $10 a cash back we lost $156 this period. in interest so. great this was all Renovations but.

you're still spending on it why are you. spending on a car that's almost at its. Max that you can't pay off so here's. what I did I the two credit. cards because I have them all like on my. online shopping and stuff I canceled. those cards and I have not used them. since I've just been paying them off I. got the new cards in the mail and I. haven't even called to to get those like. like you can look on my Costco app it. says you have an alert you have to call.

us and what get your card set up cuz I I. like said that I lost the card I don't. care so I don't I wouldn't put any more. on it okay so I'm not using this card I. don't even physically have it what about. all the other ones did you do the same. for every other card I only have two. cards and yes okay consumer loan bill so. is this like a personal loan yes it's a. very tiny balance at. $2,130 okay so here's what this one is. oh boy and I'm hoping that you think. that this is kind of smart so what.

what's the date on this one. uh November to October when did I get. the loan out it doesn't say okay it's. also at 7% which is not great oh no this. is my truck. then this is my truck so okay I had a. minivan I it got into an accident it. wasn't my fault do you need your a truck. your what are you lugging hold on now. listen I do a lot of like I'll like buy.

furniture and like flip it like I strip. it and like refinish. it and um with the house you know I I've. been doing a lot of the renovations. myself so um you know I just felt like I. needed a truck I wanted something to tow. in hindsight in hindsight perhaps I. should have gotten something a little. bit more modest yeah what like okay if. you're making that is it making up to 7%. that you're losing on this is it is it.

are you profiting are you profiting over. this after the $564 197 on a monthly. basis so compared to the van that this. replaced the interest rate on that van. was 13 I care I don't give a sh that van. I care about the truck that's in front. of me right now and I do too I love this. truck to death it's a great truck. Americans in their trucks you're not. carrying around anything you're carrying. around how do you know that you're. carrying around a new job to your job. you're not carrying around anything else. Arizona I do a lot I've been doing like.

like I've done all the material. Acquisitions you need a truck for that. you need a truck to like like I've. literally gutted it myself you really. okay man you went into a lot of De for. for just self- Renovations then I mean I. hired some of it but like I've been. doing like a lot of like I've been. buying a lot in like materials like I've. been getting like good stuff but um. 95% of my driving yes it's too much I'm. not utilizing the truck to its full.

potential but what do most Americans do. they get a truck and then they take they. go to the grocery store but I mean it I. I have one vehicle versus two you know. it's like you're one person why would. you have two well for when I do truck. stuff to when the non-truck stuff yeah. but is it profiting I mean it will I. think it will okay okay also your past. do I already paid that I I I got you. better have I do not want to see pass D. ever again interest this year so far has. been over ,000 is.

yeah they're expensive I always say you. get a better interest rate on a job than. you can a federal student loan and. unlike in. education make you money 0% if I pay it. off in a year and I'm already like what. I got like 8500 7500 left I'll pay that. off end of the winner yeah I couldn't. see your current balance you're 7,400 I. believe so I can pull that up if you'd. like uh and it needs to be paid off by. next October end of September no next.

September end of September okay so nine. months so you need to do $822 a month. which is manageable close to what you're. doing you didn't fully do that in. October you did it in. uh um November though which is good you. played a little catchup in. November by the way even though I make. little goosing gaps and because I'm just. trying to be a silly little boy I I. totally get it totally chill I support. anything do whatever want and then of. course of course obviously the medical.

side of it where you had to do it. because you know whatever egg Yol or. whatever like um but like that well I. think you make enough where you could. have been able to pay this in cash but. it is 0% so if we're managing it right. it was an emergency thing well which is. when you have an emergency fund yeah. that I don't have exactly but for. someone making your money you definitely. should uh but then I'm like yeah 0% sure. arbitr is the difference guess what. that's not 0% that's like seven no no no. no no no no no but I'm saying on a.

credit card we're not fully paying it. off and as a so I don't think you're the. person to take advantage of 0% stuff and. we're only a couple months into it like. who knows what it would have been a year. from now if we didn't meet now here's. our other card again we put a little bit. of payment congratulations to it then we. spent. $838. 8. $399 of Interest was stolen from you. that's insane in a monthly basis on a. credit card that's insan insane you know.

what else is insane credit card limit. 27,000 it's sitting at. $27,600 Grand of that you better have. what's it at now cuz you went over the. credit limit it's a 24 it's at 24 this. is still unacceptable I know what was. this was this was this another house. card no I mean I did put some I put some. Plumbing on there I put like three grand. of Plumbing um I bought a bunch of Home. Depot so you just well no it's you make.

enough money to cash flow life if you. manage it correctly there's no reason. for you to be in this debt especially. since your job is not a longevity job. really everything that you should be. making should be going towards investing. because it's that kind of job kind of. like the job that I'm in right now it's. not a longevity job I I don't know. depends on the YouTuber but either way. why I'm investing everything you know. you have a year left yet we have a year. left of the 5 years we were going to do. and we're tens and tens T and tens of. thousands of dollars in credit card debt.

got two years left cuz Co I lost a year. okay I lost a year in Co you're a mental. thing like if I'm doing well like you. said you hate it I do but I like the. money I know but you findm makes when I. go make deposits I agree I agree I just. uh if if truly you you mentioned a. couple dangerous situations I don't want. you to be in dangered like that's. unacceptable in my mind so I just I. don't want you to ever be like afraid. right like there's a difference between. not liking a job and being afraid if you.

ever truly do feel afraid I don't want. you to be there I mean there's security. and cameras and stuff sure but you did. mention being afraid so that I'm just. going to say that yeah yeah no one. should be afraid of their job so I mean. that's this is more of just like you. know me wanting you to like be okay. right um lots of gas and that makes. sense because of the. truck eBay Pit Stop place and. eBay veterans you're contributing to a. veteran thing oh yeah I signed up for. the VFW oh I can't it's it's cut off.

halfway through so I can't even see so. that's the VFW yeah no Veterans of. Foreign Wars I think that's what it's. going to be. VFW Animal Hospital stuff with that's. necessary uh I assume typically and. 7-Eleven gas it was not Taquito but. again interest charge this year so far. $33,000 this year $3,000 this. [Music]. year how many calculators do you go. through I've never had another one.

really not on this show 2.5% of the. money you earn this year oh has been. stolen just from this card alone this. card alone and it's this year so far. this year's not even done it's actually. a like a more than a month before the. year ends with the end of the statement. oh this is the 15% loan that you thought. I would be happy about oh no no no that. there's another 15% loan I think you'll. be happy about that's something. different. what am I in honestly I forget I oh no I.

took that out because I thought I was. going to buy a mobile home and the deal. fell through and so I I think I used. that to consolidate debt but I didn't do. a very good job because I still have. that cuz you still have all the debt and. there other Maxes the debt yes also your. minimum monthly payment is $666 on the. uh Navy. Federal that's insane okay now okay so. consumer loone $.

5,859 50 $720 minimum monthly payment no. 726. great so this was consolidation then you. racked it right back up that's why some. people are against that consolidation. because people consolidate and they they. don't fix any of the behavior and then. the debt build all the way back up again. I learned that yeah no I'm one of those. you're not a credit card person don't. use credit cards and the existence of. credit cards in your life yes sir not a. thing okay so this is my property it's a. 10% with the loan you did what kind of.

loan did you do no it it's 5% no you. have two 5% on it total effective rate. 10% did you not look at what you signed. up for look here it's your own thing I. did not know that that's what that meant. def well the default interest rate I. don't know what that is I don't know. what a default interest rate is what'. you sign up for I thought it was 5% 67. what kind of Mor like what did you owner. will carry so is the I basically the the. owner before before he financed it and.

then I pay him through like a title. Title Service yeah you're 10% D yeah and. you're pumping money into this house. and hopefully it cash flows I'd rather. you just be throwing money into the. market dude not into real estate it. doesn't seem like you understand real. estate I don't understand the market. either no but at least you just throw it. in and forget about it this you're going. to have to actively manage it's going to. take a lot of time work and money I like. I like it though sure but I like you. being able to retire this is my.

retirement I'm going to retire here you. didn't know it was at 10% I did not know. it was at 10% and also typically like. some of the best stock market returns. you'll get some of the best stock market. returns you'll get is 10% and that's the. interest rate on this you're going to. you're are we sure that because it's. default interest rate I guess okay. listen first of all you send a. screenshot so it's not a statement so I. can't see all the nitty-gritty I can. only see what's right in front of me and. uh with the it looks like with the. Clauses and everything and this the. total effective rate as it says is 10%.

okay bought a $60,000 house well it was. 90 I had to put some cash down but it's. cheap yeah I got an acre it's in an area. that's going to Airbnb yes so okay it's. like a half hour from the Western rim of. the Grand Canyon like the the area. itself is already kind of like a tourist. destination there's a lot of like hiking. um it's close to the Route 66 like the. old Route 66 if the demand's there why. was it so cheap with that if the. demand's there why was it so cheap.

because um the area itself the local. population is is pretty poor and. um you know so a lot of locals weren't. able to buy it but you know I had the. people are not going to like that I know. I know but that's cuz the property sat. for like a year. before um the owner finally did owner. will carry and that's why I was able to. purchase it what's your minimum monthly. after.

10% 2% higher than the highest mortgage. rates that have hit up to this point I. legit thought it was five I'll have to. look into that because that's news to me. anything else savings. a124 when you have all this debt and you. got a house you don't get a house. without a fully footed urgency F you. usually don't get a rental place or. anything like that until you have a. personal residence the amount of risk. that that brings to your entire. financial future is terrifying you have. no idea or something bad's going to. happen in that place isn't getting be. operable cuz you won't be able to pay it.

and then you're just paying on a. mortgage of a place that you can't sell. I don't know it's very risky my dude. very risky yeah but like okay so with. with the property itself I really think. that once I get it up and running. because I did Airbnb for a little bit. and I had success with it if nothing bad. happens if nothing bad happens yeah it's. real estate something bad always happens. but well okay you want to talk about. real estate so it's pretty. isolated but in the town between where.

this is located and Vegas they're. building like a whole new like they're. building like a 50,000 person town like. they just approved plans there's going. to be an Amazon warehouse uh two new. schools like a middle school and a high. school um a water treatment facility so. dude this might appreciate that does not. change the situation of you having no. savings yeah I don't have savings your. risk profile is not limited because. someone's building on town somewhere but. I think that my the asset that I that I.

do own I hope so will go up in value I. hope so I the work that I've done on it. I know it's gone up in value because. I've put in like tens of thousands of. dollars that you don't even see that. I've I've put into this place like I put. in a new agac I put in a new roof um it. had some structural damage I had to fix. all new kitchen all new uh. countertops like I put in I put in a lot. of money a lot of Sweat Equity into this.

place okay yep there's $5 and this. checking account nothing ever happens in. that checking account no I don't I don't. even know why I have that. one. Z of ending balance in this checking. what's that $0 ending balance in this. checking well this is like you know from. a month ago they didn't update cuz they. update on the no that's terrifying I. don't give a at this exact date there. was $ Z in your checking account well I. was still from a job I had to take like.

a month off so I couldn't really work so. why did we have that spending that we. saw then that did not matter if we could. not work cuz I'm not very smart. correct well actually I wouldn't say. that but your spending was not very. smart my spending isn't very smart Taco. Bell Apple Bell wetzels fresh. attractions something at the. airport. Bagels yeah these are necessary these. are necessary when we we can't afford to. live right can't pay off our credit.

cards interest ising 0 in our checking. account verse verse a. wall. IDM oh TSA TSA pre-check um I miss. flights Yeah the more flight stuff and. El poo Loco and more stuff at the. airport and transfer transfer from line. you have a line of credit against your. checking oh that's right that's. overdraft you make too much money to be.

overdrafting and you're choosing again. Apple Bill some Venetian place in the. bagio and oh that's parking Venetian I. get free parking now I signed up for. their veterans thing so they they. started charging everywhere for parking. on the Strip cuz of F1 this spending. when you're overdrafting makes no sense. Cafe Talent testing 155 you're trying to. do something Apple Bill Amazon Amazon. kopat and apple Bill and pretty nails.

got to get pretty nails and Club. cappuccino Amazon Amazon Flamingo Hotel. because we travel every second of our. life Check Line Credit advance for my. step brother cool you can't afford it. checking line of credit advances. checking line of credit Advance give. gift gifting is one of my love languages. I can't afford it I don't do it because. it just your entire life we're not doing. that you make too much money you need to. grow up and be responsible with your.

money like right now this is not an. option you have two years of this. lucrative job left and then what then. what from there we might make half the. income we might make double but we might. make half what are we doing then what. are we doing if we're taking this debt. into there if we're taking payday. advances. now it's time to grow up I understand. that I am hopeful that when this hope is. not not a financial plan optimistic it's. not a financial plan either a plan is a. plan that you plan then you execute on.

I'm executing the plan of the the pink. flamingo in Arizona taking off and be. like a thing that's the town that's what. I call my my. property Navy. Federal being real nice to Navy veterans. with those line of crits I am happy to. see $15,000 in Schwab happy to see that. not happy for your age but happy to see. that how much is in your retirement uh. through the military so the tsp I just. looked that up it oh gosh that lost a.

bunch but it now it's lost a bunch how. market performance Market yeah it was it. was at like 27 for a while but that that. was like when Trump was in office I. think it's kind of realized it's more. actual it's like 21 now wait I mean what. was it invested in is the pending when. during that time period I mean the S&P. 500's up the pending I don't it some of. it was yeah like like stocks but I think. I had it in like the 2020 election. so uh 2021 he was out of office and at.

that point the peak that was seen then. this is not politics by the way this is. just showing what the market has been. since you're talking about it uh the. peak that it would have been would have. been uh 381 in the S&P 500 right now. it's worth 460 so so it's different. funds yeah but what funds did you put it. in is what I'm trying to figure out I. like Gund I fund. um I have it split up I think I put a. little a little bit into like s but the.

one that it's in the bulk I think it's G. like they had like 30% like returns and. cuz you know I get a statement every. year and then you know when the election. happened it like tanked it went down. like okay how much is in there like. about 21,000 okay and there's 15 in. there still behind for your age but I am. glad there's a foundation there's a. foundation to build upon yeah and I. invested in a bunch of stupid stuff but. lots of individual stocks and. been doing well and yeah that's just the.

S&P 500 yeah yeah that's what I was just. that's what I was just reading off of uh. and then about what what would we say. about 20% 20 uh 15 20% of our portfolio. is in six individual stocks five. individual stocks T-Mobile unrivaled. Brands these are all that's T-Mobile oh. T-Mobile isn't but the rest are and then. this one is um like a Energy company I. think think but yeah I the the I I.

thought it'd be like I bought all this. like years ago and I was still in the. Navy so a lot of these are from like 10. years. ago I thought it'd be legal by now but I. was wrong what do you mean I mean most. places isn't it well federally to where. you know these companies. will you know cuz it's it's still cash. and so they have to like basically trade. on like tertiary. Industries um but once I think gets. Federal legally and the banking on that.

industry kind of levels out and they can. like trade it like they do Commodities. I'm hopeful that those will come back. okay if yeah we had a total income of. 5,622 so slower month total spending of. 6,142 food 300 bucks necessary food 150. extra. taquitos. 1os teo's on the show just things you're. just going extra purchases you know. whether be gas station or then I buy a. lot of taquitos yes yes and then unknown.

shopping's a huge percentage almost 7%. let's see unknown shopping's usually. Amazon because we don't know what that. is yes Amazon eBay and Walmart Walmart. was NE it was like pet food and like. toilet paper stuff like that eBay eBay. my running shoes I bought those. used they're usually $100 I bought them. for 40 thing is is you shouldn't even. have to be able to you would you. shouldn't even have to need to do. that what's your plan man you see you. have your mind set up set out on this on.

this house thing like what do you want. me to do here I what should I do like. obviously you know I've been all the. money that I made this last month I put. it you know towards. debt so um $1,000 no I put like probably. four four grand towards all my debts. well not the we saw no this was very. very recently okay like the end of the. month I did like really what prevents. you from building a backup like you did. the one time you Consolidated and then. built it all back up again um I had some.

like housing issues I had to move a lot. that Aid into a lot of money um just you. know stupid I I did buy a lot of stupid. admittedly let's get you a budget okay. you're going to go through our budgeting. program and you'll get a good official. budget and that will help you through a. lot of this stuff but let's give just. like a loose where we at rent what's. your rent so my rent is all right this. is a housing hack so one of the personal. loans I purchased a mobile home in a.

park and the rent at the mobile home. park is 380 bucks a month. so and the mobile home was like. $20,000 so that you have that you it's. paid for I'm sorry well I use one of the. personal loans but you know considering. that rents in Vegas even like a. department in the worst part of town. yeah but you've got to depreciate an. asset I do but it's still an asset that. I could sell for even if it's not what I. what I purchased it for you know I'd be.

spending 20,000 in rent in a year at any. other place you know uh like a. one-bedroom apartment in Vegas is. probably about 1,500 bucks it went up. it's. insane um the one place I was at it was. a very modest apartment it was. $1,700 this even with the the money that. I'm spending on the um with the rent and. the the loan with interest it's still.

cheaper than an apartment and I have a. yard um the place where I live I walk. everywhere like I walk to the gym I walk. to the grocery store the only time I. drive is when I got to go to. work and yeah yeah it is a depreciating. asset. but you know I even if I sold it for. like. 10,000 had I rented a place I'd throw. away the same amount of money and I'd be. lucky if I got my security deposit back. uh 262 one.

bedroom places right now that are. renting under 1,200 in the Vegas. area okay and I've lived in some of. those places and when I get home now the. reason Chang no listen to this I get. home crack awn with a bunch of cash not. worth it not worth it where I live. reason. CH it's very safe but no those places. they're rough like there's some places. in Vegas that are very I bet some areas.

are rough I definitely bet some areas. are rough however this covers like the. entire map this is like all over Vegas. so I'm not I'm not sure every single. place is terrible pets most places would. love to take your pet fees I'm not. paying a pet fee I don't pay a pet fee. here all right all right I don't pay a. pet fee at the park what's your rent 380. bucks okay cool. utilities um so internet electric gas. trash sewer all that stuff combined SO. gas trash sewer is all covered under.

rent so is the water my electric bill. the most I ever spent on the electric. here running two AC's in the summer like. 247 was like 150 bucks my internet's. about a. 100 and what was the other thing you. said uh you covered it under the what's. covered okay what about your phone bill. uh like 50 bucks not bad yeah I got a. prepaid plan very. nice I'm running out of ink um health.

insurance I get it all covered through. the VA oh right right right right right. yep gy what's your gym again like 40. bucks let's get your minimum monthly. debt. payments oh my gosh your debt minimum. monthly payments are insane this is why. you have to live in the. trailer I choose to live in the trailer. I really like it I know but I this this. you kind of have to cuz we basically.

$4,000 it's. $3,867 goes to minimum monthly debt. payments minimum yes food you live alone. yes. 300 to paper F anything else you need. make up all that good stuff 100 uh how. much for the pets um maybe like another. 200 a month I have a lot of Critters so. oh my gosh I just keep getting heartburn.

I'm going to steal a pocket Tom anything. else you need to survive oh car uh gas. how much in gas and car insurance golly. that's a lot probably like a couple. hundred at least 300 400 maybe with. insurance maybe closer to 500 cuz I have. my my renters insurance and stuff 500 I. mean so I just paid but that's not gas. no not gas I was doing insurance and gas. oh is 500 all together probably about. that yeah maybe like 250 in gas and then.

yeah what's nice about where I live is I. can like walk a lot of places so I try. to do that I only drive when I like have. to all right so we need there's no. reason that that should exist it's. unacceptable are you contractor W2 I'm. contractor I'm $10.99 are you saving 30%. aside for taxes no because we have $2 in. savings what are you going to do have. you paid taxes for the last year I paid. uh. 2021s I I still owe 2022 how much do you. owe know I know a lot a lot like I I had.

an accountant I much I think it's about. maybe 60 if if my my what is this why. why why you even tell me what am I. supposed to do cuz you asked like four. times I didn't want to no why haven't. you told me this entire. episode I said you didn't have any other. Debs I forgot about that one it's a big. one to forget about it's just it's. almost as much as your house. yes I owe a lot of money you're not. saving up for and this year's done in a.

month I know I'm can you can you write. off your unfortunately I. can't unfortunately I'm not I looked. into that and so the funny thing with. that is that if you get something like. that done it has to be like so. physically uncomfortable but like like. you ever see those women with like the. massive ones that they're just like how. the hell those women can get their. written off but cuz mine are like I I.

derive personal pleasure out of them. then you can't write it off they they. have to be like so large that they cause. like physical discomfort in order for. you to like write something like that. off so if you owe 60,000 last year. you're probably going to owe 60,000 for. this year right um my income in the. summer took a huge dip maybe like 40. this year according to your income. closer to that maybe yeah so another 40. will add to it so we ow toal total of. $100,000 to the.

IRS what are we doing what is this this. is this a show oh god dude how why have. you not gotone on a payment plan I need. to talk to my accountant I have an. accountant I've been avoiding them the. accountant or the IRS both yeah I was. going to say cuz we are uh in the last. month of this year I know I filed for an. extension and then I I didn't have it. cuz was bad and what is what is. it one second let me do some math I mean.

maybe it's less than 60 I I'll have to. check the email maybe maybe closer to 40. so really $8,400 a month is what you. have did you say you make 10 or 12 cuz. you change you said both it varies I'd. say with the VA oh the VA yeah that's. right probably and you know we're kind. of in a silent depression like when I. first started I mean it was like it was. so easy my my average earnings were like. 50 $100 now they've probably gone to. down to like 11 or 12 so you know it the.

the industry as a whole has has gotten a. little bit more you know precarious I. guess people less horny no it's just you. know it they're a luxury item and we're. the first line item to get cut in a lot. of people's budgets so um you know and. and F1 was a bust a lot of people. thought F1 was going to be really good I. lost money on F1. um because we have to pay to work.

essentially we pay anywhere from 90 to. $150 every time we want to go into to. work why J F1 or always always why um. that's just how it works what's the. where does it go it goes to the house. it's your house fee and then you have to. like you know tip out on whatever you. earn but um I'm just trying to say okay. so $10,000 a month on average set 30. aside OB $3,000 obviously so ,000 plus. the $2,000 so $9,000 is what you have.

after VA and setting aside money for. taxes giving us an. extra. $3,313 a month that's what you should. have if you follow my budget the IRS is. what scares me man scares me they scare. me too I know I know I need to get on. that scares you haven't set money aside. you spent money on and. you this year instead of not only just. not paying last year's taxes but not. even say up for this year's taxes so. it's even the point I mean should I sell.

the Schwab the index and put it. towards wait what's it in S&P 500 no no. like what kind of account is it like. it's an investment account just a. brokerage s brokerage just a broker. account it's not it's not a rollover of. any kind what's that like an IRA no I. don't have one of those It's usually the. last thing I want to do one of the last. things I want to do still the interest. on these debts I mean there's no way the. market it's going to beat that on. average it might make sense it it it.

might make sense cuz I don't want to get. rid of it either CU it is doing it's. it's even the house it might not beat. I'm sorry I'm sorry you kidding me right. now you have. $212,000 of outstanding debt the only. thing that's considered an asset is. 67,000 of. it the rest of it death debt that is. including the upcoming IRS debt that you. won't be able to pay for taxes of this. year so first of all we're setting 30%. aside for everything that comes in okay.

it goes into a high savings account I. use Sofi for my own personal tax money. you can use whatever you want Always. Forever never anything else anymore 30%. immediately set aside not a question do. I this by the. $3,313 we have left on a monthly basis. please please please that's actually not. terrible it's actually not the worst in. the world it's 5 years so when I'm. setting aside money to save for a new. purchase like a car or a home or taxes. or whatever I'm saving money for like an. emergency fund I'm using Sofi it's a.

4.6% yield on my money and it's just. absolutely incredible why not take. advantage of that free return on the. money that's just sitting there and. there's great bonuses for signing up all. the way up to $250 if you sign up using. the link in the description below it's. literally free money I use it you should. too it's 5 years and that's including. setting aside money for taxes already. for future taxes it's 5 years I don't. want you to be in a dangerous situation. by any means so that's not even a. question but if you're able to do this.

job in a non-dangerous way for 5 years. continue the income that you're at you. can get you can get fully out of this. situation I don't know what you're going. to do after this job um I might keep. working it if I keep making the income. I'm not going to walk away from that. income well again the danger thing but. either way and you said You' only do it. for five years either way I don't know. what your income is going to be like. afterwards and you couldn't live off. half your income uh if you maintain this. income at another job or what ever it'll. take five and a half years call it six. years after having a fully F an.

emergency fund n how much should be in. an emergency fund whatever it takes for. you to live on a minimal basis like the. budget I laid out uh for 6 months we'll. call it six years but that's that's a. very long time in the human. perspective six year I mean you're going. to be in year one of six years going to. be like I got to I can't go out to eat I. can't do this I can't do anything if I. want to take care of the mess that I got. myself in what do I do for the other 5.

years year two it's going to feel. forever year three it's going to feel. forever four your Stu in the end of the. tunnel five you'll be like gunso blazing. let's go we're almost done but it takes. a long time to get there you've dug. yourself a whole Beyond holes the IRS. situation has made this one of the most. wild situations I've seen oh Lord ever. oh God okay it's okay it's not a. competition I want you to get out of it. I want you to get out of it I mean the. path is the path is clear the path is. clear one well first how how many hours.

a week are you working so I go in I. research how many hours a week are you. working like maybe like 12 okay you work. 12 hours a week congratulations go work. in an extra 40 or 46 go work an extra 46. doing whatever whether it be Uber Eats. whether it be anything I don't care. whatever it is that brings in more money. takes this from six years total to maybe. four years total the more you can. compound your way through this debt you. know whether you're killing High.

interest first or the low balance first. whatever way you're doing it you're. getting extra money in your pocket every. time you pay off a debt that gets rolled. into the next debt and you're going to. be going quicker so the quicker we can. start paying off One debt at a. time this goes from 6 years to four. years so you work 12 hours a week that's. actually great I'm not mad at that I'm. not mad at that because you're doing. that making $120,000 a year that's a. dream okay I'm also not mad at that. because that gives us so much. opportunity to go make more money it's.

going to be outside of the the world. right I assume and I also want to point. out so our club it used to be 24 hours. and so I could go in during day shifts. and then we we went to like from 99 to 6. so I could only work night shifts and. that my sleep schedule and it's like. sure working like 3 4 days in a row like. that's no no no no no stay on stay on. that schedule stay stay on that schedule. 9 to six uh how many days you work at it. like so we go in six hour shifts I. probably work like two or three nights a.

week I go in based on hotel prices like. if hotel hotel prices are are pretty. high I go in work we might just go to. work every day even if we're not I know. but I got to pay 150 bucks every time I. go you're going to make more than that. right I mean if we're at 120,000 it. averages like I said it's been rough. there have been times where I've gone in. and you know you lose 200 with the Buy. in and tip out it's fine so it's like a. risk every time you go in it's fine you. know the math you know the math if it's. not justifiable to go in that day. totally okay we're doing like overnight.

shelf stocking. somewhere it's crap you do not want to. do crap no one wants to do you're doing. it so that by the time you're 40 you're. not dying trying to pay off this debt. this retirement plan for the house only. work well it takes a lot to work but. either way regardless of any other. criteria that's necessary it only works. if you're not dying in the rest of this. hundreds of thousands of dollars a debt. bad debt it's not a retirement plan it's.

not a retirement plan if you have more. four times of it four times it's value. in bad debt this 40,000 is likely not. going to be paid immediately I would try. to get a on a payment plan for these try. to get a payment plan I don't want to. play the risk it game of just waiting. till we have a lumpsum to throw at it. they're the ones with the guns you. thought you've seen some SC scary stuff. at the club wait till you see the IRS. with a highend earner who hasn't paid. their. taxes that will give you.

nightmares so we're not dealing with it. anymore we're growing up we're mature. we're going to act like we're in our 30s. now we're setting money aside for taxes. we're not spending money on we're. working extra hours we're trying to take. this down from six years to [ __ ] it even. three years no probably not four years. four and a half years until you've paid. off every single bad every single debt. cuz there's not a single line of good. debt here I mean that 10% on the. mortgage kind of sucks too so every. single debt plus a six-month emergency. fund but then I don't know what your.

income situation looks like after that. which also makes me a little nervous. we'll have to have another conversation. around then uh I know it's a while from. now but we'll need to because I'm also. scared for your retirement you have a. good base you are behind for your age. and if we're 100% focusing for the next. four and a half in the best ideal. scenario at paying off this debt we're. going to be dramatically behind on. investing but we kind of have to because. the Market's not going to beat these. interest rates that are on these debts. anyway and IRS is not an option so at.

that point we're going to start. contributing like 30 3 maybe 30 30% of. our money to retirement on a monthly. basis but we don't know how much we're. bringing in at that point because we. don't know if you want to be in this job. you don't know if you want you're even. going to be in this job by then you. don't know if you're going to be making. money in this job if you're in the job. there's a lot of if ANS buts my thing is. is if I'm still pulling in comparable to. what I'm pulling in now I'm even if I'm. 45 50 like sure and you said the word if. so I mean that's the question if not I. don't know and I do not want you dying.

on the Walmart floor when you're 70. because you never saved up enough money. to retire because you're trying to pay. this month's rent because you never. saved up enough money for down payment. on a primary residence I guess you'll. have the camper but those things uh. depreciate and they don't last as long. in good quality as you know an actual. house in terms of repairs you do to it. that actually makes sense so I don't. know I'm sorry I don't I I know this is. such a debie Downer episode I'm so sorry. I knew you going to yell at me I I knew.

it I well these numbers damn right I'm. only giving you the tough love that I. personally want that I personally would. do for me and I'm only giving you the. jokes that I like people to do to me as. well uh so that's is how I give it it's. time to work your off there's really no. other choice time to grow up work your. off any final thoughts any questions. just work work work work work twerk. twerk twerk twerk twerk twerk twerk. twerk twerk twk yeah when it comes to. spending in a budget it certainly wasn't.

the best but it wasn't the worst either. she was putting money some money towards. the debt some money towards saving so. two out of 10 certainly not good by any. means speaking of not good the debt if I. could give it a negative score I would. zero out of 10 emergency fund there is. nothing Z out of 10 retirement certainly. behind for age but decent Foundation to. start with four out of 10 real estate. not really liking what she was doing in. there but at Le Le she has Equity. position into a home and then also a. mobile one as well so I'm going to do.

three out of 10 for that that's a hammer. Financial score 2 out of 10 make sure to. check out all the resources Linked In. the description below they are what I. use or would use in specific situations. including the best budgeting program in. the history of the Internet thanks to. all of our patreon producers for making. this episode possible if you want to. participate in an episode of financial. audit and you're able to make it to. Austin Texas please fill out an. application in the survey Linked In the. description below you can also send a. link to your friends or family who you. think might be good to be on the show if. you have any questions you can email. casting kop pam.com.