This $400,000 Debt Will End Financial Audit

$400,000 of bad debt without any assets. as far as I know. Yeah, you're 50. Yes. Why are you in debt for TikTok shop? I just want to pay it out. What is pay it out? Like pay it out over time. You can't. Your minimum payments are stacked up. every. Everything is so stacked. Oh, [screaming]. wow. That was the end of the debt. The. fattest of stacks we have ever seen. Hi, my name is Sylvia. I'm 50 years old. I'm from Houston, Texas, and this is. [music] financial audit.

So normally I would jump into. pleasantries and everything, but seeing. how this is fat stacks week as we're. talking about and you don't even know. this and we didn't even know this. This. is a whole week of episodes of the. fattest of stacks we have ever seen and. you're literally ending the week. We. didn't know it was a thing until all of. a sudden you applied and we were just. like, "What has happened?" We've just. done like so many of these in a row all. of a sudden. So fat stack week, but also. out of the gate I saw my notes this a. whole note Our producer, Lindsay, she's. getting all the notes and everything. I.

was just like, "Oh, what's up with. today's recording?" Oh, she has tens of. thousands of dollars of IRS debt, but is. planning to go to on a Europe vacation. with her friend. Maybe. So how are we. doing a Europe vacation if we're in IRS. debt? So I mean that's just This is kind. of blowing my mind. End of fat stacks. week and IRS debt. So. [gasps]. it's interesting. And I'm interested. Okay. But first I want to know what do you do. for a living in Houston and thanks for. being on. I do appreciate it.

here. Glad to be here. Um I am a. consultant, so I go into companies and. help them build their ethics and. compliance programs. Ethics and compliance. So what does that. look like? Um anti-bribery, corruption, so I write. policies and procedures and things like. that. Yes. Yes, but I will pay it. [laughter]. But there's years of IRS debt. There is years of IRS debt. Let's pay it in 2040. Maybe. Maybe. Hopefully sooner. Uh-huh. me do it sooner. I would like to.

And another weird part about this again, there's these weird things I want to. call out at the beginning. Mr. Dude over there, your son. Uh-huh. We won't name him because you know we. use anonymous names, but son guy. He did. just one of the Dave Ramsey classes, yet. you have a fast act debt and IRS debt. And your kid teaches the financial peace. thing. I know. He must not be a good. teacher. Okay, well well either him or you or you. both. I don't know what's happening. So. but why then? If he if that if you have. the resources in your corner more than. normal for most people, why is this.

possibly so bad? Why is this possibly so. thick in fat? Uh well, lots of reasons. Uh can't really blame it on a one. reason, but I have um Can you blame it. on anything other than yourself? mostly myself, yes. I have been in a. marriage for 13 years where we had lots. of unemployment um on his side. Oh, okay. lots of years probably half of the. marriage I would say. marriage? How What did he do? Um he's in.

IT. Okay, so. So just lots of lots of job losses. jobs? Not jobs that he was willing to. take. Okay, there you go. That makes more. sense. So it was So it kind of started out my. first year of being self-employed. I had. saved all the taxes. I had put it in an. account, and he had been out of work for. a year at that point. And I was like, okay, so how much longer is he going to. be out of work? So we didn't pay the. taxes for that year cuz I was. What do you mean? Why Hold on.

[laughter]. Well, whenever he was So what was the. longest stint of unemployment? Um. a year at least, probably. Okay, so after that why didn't we save. up a full year emergency fund if we knew. that was a reality in our situation? Why. why are we going into debt for debt for. that if this was a thing that was. ongoing in the good times? Why don't we. prepare for the inevitable rain that we. knew was coming from living in a. historic rainy. place? Yeah, no, I've never had an emergency. fund. You've never had an emergency.

fund? a single mom for 10 years. Congratulations, get an emergency fund. I don't What? No no good reason. Good job, but get an emergency fund. Yeah. I don't single not single Yeah. doesn't mean. you cannot get one or can't get one or. many there are single moms who are. superheroes out there killing, you know, just getting [ __ ] done. And I think if. anyone needs an emergency fund more than. anyone, it's probably someone who's a. single parent. Yeah. Cuz they don't have.

the other thing to rely on. Right. So, I think actually being a single mom. should mean that you have an emergency. fund more than not. Oh, no, I was saying. that I thought it's terrible, too. I. mean, like I know I should have had one, but it's never it's just never happened. Why? fund. [clears throat] There's always. something else to pay. Just priorities. Girl, I got your spending. Yeah. You're [ __ ] around. Yeah. So, going out to eat, having just.

miscellaneous [ __ ] Now, 1,500 bucks. on miscellaneous miscellaneous [ __ ]. Also, we're going to have you take a. little sip of water cuz you got the. going on. Which is okay. It happens, but we're doing it for you, the audience. You know? I think everyone, you know, we get a. little nervous on camera. It's okay. Totally good. [laughter]. Nothing nothing bad. So, what are we. making in this consulting job? Uh probably about 185. Good You make a ton of money. How long. have you made this much money? Um. probably off and on for the past 5 or 6.

years. I started consulting. did you make when you were the single. mom? Like that was the card we pulled. immediately. Okay, well. less than 50 when? Um [clears throat]. in 2011, I was making 48,000 a year. Okay. So, Oh, and okay. So 13 years ago. That had to have been relatively close. to the median household. 2011, relatively close. What was it probably $10,000 more or so? Maybe. Maybe.

So I mean that shouldn't have been like. the biggest thing. Now what obviously. becomes a massive issue there is like. taking care of the kids cuz you got to. make the money. But where do the kids. go? And that's where there's usually a. huge problem. But you can be a single. mom making a million bucks a year, you. know, being like a power boss or. something and it's like okay, obviously. the income part is not the issue there. Right. And for your portion the 50 right around. that 50, it's a little hard to say. especially since we know you spend so. much money on both.

So. I don't know. It's it's the fact that. single mom is such a huge thing. It. really is. But the fact that you. immediately pulled the card out of the. wallet, that's always what gives me a. little bit of concern when we're talking. about why your fat stack is so big. today. And we're just like. drew it, threw it on the table. Yeah. Even though of course you've been. married for 14 years. 13. Yes. I have. been. No, I just mean like when I was a. single mom, I still didn't have an.

emergency fund. Now I make way more. Yeah. Still no emergency fund. Sure. Fair enough. Uh not a good choice. Fair enough. Okay, so 180,000. You didn't pay taxes. So we had owed back taxes, but for the. sake of future taxes are you really. setting just 25, 30% aside? I I'm hoping to. Now. yeah. No, I haven't been. Fun fact, we're in the 10th month of the. year. Uh so. I don't think the IRS listens to. laughter and allows that to be settled.

Yeah. debt from the previous year. Yeah. Also, why are you making your son watch this? I feel so bad for him. I'm like the this. show has a little bit of a roast element. and your kid sitting in I would hate. seeing my mom roasted. No, he he knows it. He He loves your. show. He's the one who got me on here. Well, I appreciate it. Try not to cringe. too hard. He knows every detail. So, he is He's my. future accountability partner. So, he. knows everything. current? Uh well, I mean,

now, but. for my future. Cuz I've never Even my. husband never knew all the finance. stuff. you're on the good path, but you're on. the path. I don't know. Maybe I passed on my good. genes to him. Uh-huh. Well, real answer? Um I'm just terrible with money. Uh I mean, I I I try to I try to buy. happiness. Okay. So, Yeah. you know. That's American consumerism right there. Not happy in life, not happy in. marriage, not happy with whatever. Just, you know. Do you not find yourself happy.

in life right now? Right now, I'm. happier than I have been because I'm. separated. So, that helps. So, now. [clears throat] I feel like I'm in. control of my own destiny. Okay. So, 180, and you hope to set money. aside. What does hope to? I don't I. don't I don't That doesn't make any. sense. Why aren't we setting money aside. like just a responsible business owner. that we should be relatively, especially. since you've been doing this for 5. years. First couple years, I get it. Maybe, you know, a little confused, you're learning the ropes. 5 years in, I. think at that point we're probably.

setting money aside and not hoping to. All right, us. isn't a hope to. Right. No, I just poor. money management. Just absolute poor. money management. Um I'm and just buying. stuff I don't need. Um. I have I have to It's a priority thing, right? Mhm. How much did you bring in last month. from the business. transferring your personal? Right. Uh. last month, probably. 15, 16. 11,700.

Oh. How much did you spend? Um more than that, I'm sure. Uh, let's go with 14, 15. 13. Okay. So, overspent her earnings. Yep. Well. having a stack that is basically all. debt. You technically have retirement, but for. 50. is nothing. Nothing. So, it's like almost like what? 5, 10%.

of what we'd want you to see? Just. scary. Yeah. Consulting? Okay, sure. Uh, do you think you're going to be. doing that when you're 85? Like. and have to get the grind of selling. yourself constantly? Yeah, but I hope not. Let me save your. business. You think that's [clears throat] going. to Pretty much no. I don't want to be. doing this at 85. If you're falling. downstairs on the way up to my office, I. don't think I'm hiring you. Right. To. tell my business how to survive.

[laughter]. Oh, how to not uh. not commit fraud, I guess. Not commit. fraud. Well, I want to hear you. self-assess. Where do you think you are. on the finance scale? Zero being the. Zero being the absolute worst, 10 being. the absolute best. Where do you think. you are? Oh, uh. zero. Clear zero. Good. Well, I appreciate that. I. appreciate that you at least know you're. in a bad position and I think it helps. with your. son. uh being in the position that he's in as. well. And if you guys want your Hammer.

Financial Score, it's free. Link in the. description below. And if you want to be. on the show, uh you can bring your son. Sure. Absolutely. You know, bring anyone you. want. Come to CalebHammer.com/apply. We'd be happy to have you on the show in. Austin, Texas. All [sighs] right. This is going to take so long to get. through. This is This is only the beginning of. the week. Yeah. It's only the beginning. of the week and you're. bringing this into my life. Okay. [laughter]. You're welcome. Yes. Target. Yeah. This is actually.

interesting cuz this is might be like. the only card that doesn't have. interest, but we put I you know, I put. it at this top top of the stack. Um this is actually a card that you pay. off. Trust me, that is not what it's like for. the rest of them. So, I'm a little. confused. With this card. what do we usually get in a Target? Cuz. you spent $237 at Target, and Target's. an unknown entity when walking out of. Right. So, what. were you actually getting? Uh I don't.

know if that was me or that's the card. that sometimes my daughter will use if. she needs something. 23. What the [ __ ] does she have a card. for Target from you? Cuz I want to help her. Yeah, you owe. money to the IRS for multiple years. So, Yeah. Help her by you being able to. retire at some point so she's not. putting her life on hold in the 40s. because her mom can't afford to put a. roof over her head. How about that? Yeah, no. I I'd prefer to go that'd be. pretty selfless. Target card you can't afford to Does she.

pay towards it? No. Does he have an. infinite money card? No. is he? He used to, but he doesn't now. is he? He's 22. So, a year younger. Why. is she have an infinite money card? It's. only three for Target. Um she is not as. good with her money as he is. So, that's the person we should be. giving an infinite money card to. Someone that's not as good with their. money. Well, it's not infinite. There's going. to be a limit on there, but yeah. Yes, but you're allowing her to bring it.

all the way up to a. she can. Um no, I know Why? I cuz I'm. afraid she won't eat. [ __ ] starve. No. That's what I'd say cuz she won't is the. thing. I don't know. She's lost some weight. I. You never I I seriously. 2024 year of Ozempic. What. [laughter]. What Okay, well let me. get some actual real information from. this instead of just, you know, joking. around with it. What does she do for a. living? [clears throat]. Uh she is an account manager. Okay, she can she can live.

She probably needs to budget. She. probably needs to come on the show or go. to one of his one of his sessions. She's. not open to that. Well, okay. He would he would love to. that's actually great. That's actually. great to know. If she's not open to it, then she is not provided this. If she's. not willing to take the actions or the. steps, then what you're doing is just. enabling enabling her around and not. ever having to learn. She's going to be. 40 and doing this. So, no, if she's not taking the steps. willing to take the steps to improve her. life, you are not giving her money. And.

I think at the end of this, uh, we need to give her a call and tell her. to [ __ ] off. Oh. Yeah. And grow up for the first time in her. life. Yeah. I I It's not It's not legitimate. to do everything you can for your kids. I agree and you should do things that. benefit her. This does not benefit her. Again, you're just allowing her to be. irresponsible. The fact that she's not. even willing to go to one of those. sessions is pretty much unacceptable. Yeah. Well, she has told me in the past. that she just wants to she wants to live.

her life, she doesn't want to have to. work a second job, and she, you know, wants to be able to go and do fun stuff. Yeah, welcome to the real world, girl. Yeah. Yeah, it's you got to [ __ ] work. for your [ __ ] Okay? You're not entitled. to nothing. I mean, you can give her. whatever if you want her to be a spoiled. brat her whole life. She can be. Yeah, I. know. I just don't. If that's what you want. I don't. Oh, okay then. I think we're going to. and be like me. So, you know, with. finances. Yeah. Were you spoiled? Um, my mom helped me, you know, not Is.

this is this help though? Well, no. She. but. Okay. Yeah, but no. I mean, my mom my mom. helped me and she helped with the kids'. school and things like that. Is she in school? Uh, no. She's not in. school now. She graduated. not even need a second job. How much. does she make? Uh, I think 50. She's. probably relatively okay. Young adult. already in the 50s. Like, you know, she's on her way. No, she's just being. spoiled. Yeah. She's probably going in there.

getting some delicious Target scones. I. love them. [laughter]. But mama doesn't need to be paying for. them, especially when you. owe money. to the IRS. And this next credit card. bounces at $22,986.45. and you can't pay it off for the life of. you. I don't think we're giving our daughter. enough money. Agree or disagree? Agree. So we'll stop it. We'll We'll stop it. What? I mean, I feel like I need to give. her some notice. Yeah. Yeah. No, no, no,

you know, we're going to call her and. I'm going to tell her to [ __ ] off. There. you go. That's her notice. Cuz that's. not the only thing I pay for her. [laughter]. What do you pay? Um her insurance, her. car insurance. Okay. Um and she's on my. phone plan. And how much is her car. insurance? Her car insurance, I think. it's 260 something a month. Those are a. little different because that's taking. care of recurring bill. This is her. spending. So that's different. She's not. spending the car insurance. So those I'm. okay with a little more longevity to.

help her transition. Now, I still think. maybe weaning off, if again, you have. really nice eyes, by the way. I just. noticed that. Great eyes. Um. if. she's not willing to go to a program to. help her understand her finances and get. her finances better, that's where it's. like. the help that you're providing on that. end, I still don't even know if that's a. help. If she was actually struggling and. we saw that her money was going to. necessities and she can't get ahead, that's where I'm like, "Yeah, mom, if.

you want to step in, step in. That's. great." You know, that's just a loving, kind heart. But if she's around. I mean, I'm sure she is. It's Austin. How can you not? Oh, she lives here. Yeah, and you know, my son would love to help her. But if you text your your right now, will she come in? Yeah, she works right. down the road, so. Uh give her no. context. Don't tell her what I'm going to do. Well, you can tell her it's to the show, but don't tell her what I'm going to do. I'm going to tell her to [ __ ] off. She's. a little bit scary. [laughter].

I can be scary. All right. So, what what Why do you have. this $22,986.45. loan on a United Mileage Plus card? Um. just spending. Vacations. Uh Oh, cuz you're talking about going on. this trip with friends. What what a. vacations? What does your life look like. around vacations? Um we we've done some. We've done We try have In the past, we've tried to do them around my work. travel. So, like I had to go to.

Amsterdam quite a bit for work. Um Fully. paid for? By the company. My part was fully paid. for, and then the kids and my husband. would come out, you know, come out. there. They've been out there a couple. of times. Um. and we went to. Paris. as well. Um I think it was just like for the. first time in my life I was making. really good money. And I just had like. no clue, you know, like I just. are making so much money, and we could. turn this into an incredible nest egg.

that it would be allowing you for. probably multiple decades to be able to. travel almost as much as you want if we. did this properly. But now your entire. existence is this paying off the past. travel. Yeah. So, the company pays for. it usually for you. Do you. immediately throw that towards the bill, or do you then just spend that money? I might just spend it. Yeah. On what then? Another vacation, or what? No, I mean not necessarily not.

necessarily vacations, but just, you. know, it could be it was a time when. there was no second income, or it could. just be a time when I thought we needed. something else. Or wanted to get something. else. Well, like you yeah, no. There's a. $112 minimum payment on here. Yes. Which is an insane minimum monthly. payment. Still purchasing. We're still purchasing. and it's basically out of credit limit. [laughter]. Sometimes I just need a little. something. Huh? Sometimes I just need a.

little something. $215 isn't little. Yeah, I don't know. what that is. Hold on, are you actually. willing to cut that? You're giggling. You're giggling like a storm. No, cuz. you. It's embarrassing. It's embarrassing. I'm supposed to be a. grown-up. $550. of interest in a month. Balance barely went down even though you. put $809 towards it and it went down. like. $50. Yeah. And it's accruing interest. Takes.

29 years to pay off, by the way. 29. years. You'll be in retirement or at. least what is supposed to be retirement. Of course, not on that track, but. could be. But 29 years to pay off is. what this takes at the pace you're. going. Actually, no, not at the pace. you're going. You're never going to pay. it off at the pace you're going cuz you. just put more money on it. No. The MC Cutco? What is a Cutco? [laughter]. You don't know what Cutco is? Now I know. what that was. Huh? They're knives.

Knives. You don't have knives. Well, I do now. You didn't have knives. Not really. Not. the kind. really? so one of my friends, her daughter is. selling Cutco knives. She's trying to. money for her college fund. Oh, for a little. She's in a little pyramid knife scheme? Yes. Oh my [ __ ] You're supporting it? She's so nice. I can't say no to her. like she needs a [ __ ] slap. Uh, so. yeah. So I bought knives. sweet. She's being She's able to be sold. into getting into a knife pyramid. scheme. Yeah. So I mean I'm not going to.

you know, yeah. So Maybe we should call. her in, too. No, I don't know her that well. [laughter]. Uh yeah, I don't think he knows about. that one cuz I just remembered about it. about a week or so ago. Oh. My dude. Just don't understand. what you're doing to yourself. This is out of all things for money to. go to on a card that we can't pay off. that has accrued $4,741.

of interest this year. Almost it's by. the end of the year it's going to be. like $12,000 of interest. $12,000 of. interest $12,000 taken from you this. year just because you refuse to stop. spending on this card. Yeah. Uh. I'll stop spending when there is when I. hit the limit and that's what I do. That. It's what I do. I look at the. kidding me? Forever since forever has. that been your life forever? For a. while. When? When do you think that started?

get them paid down some because we. bought a house. uh in two 2022. So, we did you know, have to get it at a decent Only for so. you could qualify for a mortgage not. even to improve your life. Oh my. goodness. I also sold my car so we could. qualify for the mortgage. So, Where is. that kind of energy now? Where is that. fire under your now? You're not able to. survive. Hopefully being you know, separated and.

I feel like that's going to be my fire. Everything's Everything's my own. decision. was the separation? Three months ago. Okay, nothing's happened. Your debt's only gone up. So, what the. [ __ ] are you talking about? No, it has gone up cuz I had to I spent. a ton to get into the place. Into the. place? What's your place? What is a. place? the townhouse. So, I mean I had to buy. all new furniture. Had to? We couldn't. live without a couch for a second? No, I. yeah. No. It was awful, you know, I had everything.

bought. probably within a couple weeks. chose to separate. I'm not saying it's. an unjustified thing, but you chose to. You can live uncomfortably for a moment. You didn't have to go right into life is. perfect. Right. Well, I feel like I had already lived. uncomfortably for so long and so. Okay, listen, you had to take some fear. uncomfortable with that. [laughter]. Not even that. I'm sorry. Close your. ears, son. Close my ears. Close my brain from that.

I don't know where that came from. I. apologize. Uh it's probably just cuz I just know. how how much we have to go through. Yeah. Um. whoa, okay. Oh. Um yeah, when I got my townhouse, I'm. very much where my mom always had a. place for the kids to come. So, when I. moved, I got three bedrooms. Your mom? Like my mom, you know, she always had a. place for us if we ever had to come home. for any reason. You know, like if things. didn't go well for [clears throat] us. So, now when I moved, I got three.

bedrooms, so I have a room for each of. my kids in case they ever need At the. same time? Well, it might happen. One can be on a. couch. She can sleep in the closet. I don't. like we can we can figure it out. It's. that's that's such a. It's not coming from a bad place, so. it's not. it doesn't even like enrage me by any. means. This is like you're just putting. yourself in a harder position for a good. intention and a good heart. I I mean, I.

like that. That's that's wonderful. But it doesn't work for you right now. It just it's not necessarily an option. How much is your current rent? 2550. Oh. Oh, it's expensive. It's gross. I can taste that one. [laughter]. 28.24% interest on this. I sorry. I I. said it's going to be 12,000 in interest. by the year end. I It was 4,741 so far. It's probably going to be closer like. 6,000 by the year's end. I'm just that card. Are you feeling like.

guilt or anything from. like this separation? Like is is the. taking care of your kid, making sure you. have the rooms Is this driven by like a. guilt? Um no, I mean I don't feel guilty for. separating, but I do feel guilty if I. can't do the things for my kids that. I've always tried to do. How many kids. do you have? Just two. Are they from. him? No. He was my second husband. No, so they don't give a [ __ ].

Well, he was around a long time. But I'm. kidding. I don't know. [laughter]. Uh it's uh. Okay. Guilty that you can't give things you. want to provide. It sounds like you've. taken them to Europe multiple times. It's more than most people can say. It. is. So what are So what what are you on. about? I I What have you not been able. to provide? It's it's just a mental thing. You're. funding her existence right now, and. dude over there seems to be doing pretty. okay if he's teaching a financial peace. class. Yeah.

He's doing great. So what guilt? I don't know. I mean I can't tell you. where it comes from. I just What do you. feel you've not provided though? I don't. know. I I I think I really don't know. I just. I want. Might want to talk to a therapist about. that one. I do. I start that on the. 11th. good. Good. Good. I like that. Yeah. Well, obviously you'll get access to our. uh budgeting program. and our investing program.

Uh Great. You'll get those for free, so you don't. have to spend money on those, but. I need. uh let's not spend any more money on. courses. Just courses in general. Just. because it's so hard to vet what is. good. There are great things out there, and I believe that like we've created. good product, and I'm very proud of. them. And people have gotten great. results. But there's also so much cash. grab. He's a part of a good program, too. Your your son over there. But there. are lots of just cash grabs out there. I. just don't want you to fall for that. when you don't have money right now. I.

think you can get a great return on. investment from our stuff, but there's. such a risk. I'd say like 95% of the. things out there that want you to to get. into their program. Right. Pedal. You're not a credit card person. You. don't want to use credit cards. No, I I. don't. You need to I need you to close. it. Do you Are you going to get another. house? You want to own a home? Um at. some point. I just don't know for sure. where I want to settle. Okay. I'm okay with credit for a bit and then.

maintaining and trying to grow it once. we have a bit more discipline. I just. can't have you access to credit. You. don't know how to manage it in any way. possible. If anything, use a card like. the Fizz card that's like It's usually. more geared towards college students, but like a charge card where you put the. money on and you can only spend the. money you put on. It's like a secured card. Yeah, 2,000. But I mean, Pedal I think Does Pedal. have some of those options? What What do you have with Pedal? I know. they have weird things, I think. That's a That's a business card. a basic Okay.

[clears throat]. $2,642.95. Okay. With another chunky minimum. monthly payment. $105.38. We're still purchasing on here even. though it's accruing $79 of interest and. it's basically at the credit limit. Yeah. Uh they're all that way. Why? Huh! It's Uber Eats! No. It's Uber Eats!

It's what? And trips! Uber Eats and Uber trips! We're Ubering! Oh, Uber Eats. What are the dates? Uh the Well, they at. least settled on the 7th and 8th of. Tech Now, 2 months ago. Okay. I was. probably traveling for work. Why are you. rent a car to travel? Go downstairs, get. a. Is it. donut? Oh. Is it Uber Eats or just Uber? There's an Uber Eats. Oh, okay. Well, then yeah, I was. probably traveling. Probably just getting food sent in. Mhm. [clears throat].

Which I know. which should have been reimbursed. Should have been Are you saying it. wasn't? No, I'm saying yeah. I mean, I'm sure I. was reimbursed for it. How do you know? How good are you at tracking this? You. don't pay your taxes, so. I mean, I just don't have QuickBooks out. in front of me, so yeah, I don't. well and extensively? Um yeah. I mean, I have a pretty. that doesn't equate with you not paying. taxes, then. Well, it's the saving for the taxes. The. putting the, you know, 30% of the. it automatic.

Okay. 34.24% interest. That's like the worst. interest I've seen on a regular credit. card. That's insane. I want that gone. Okay. Uh a contract some installment loan. contract? What is this 35.64%. interest? The This is even higher than. this last one. What is this for? Oh my sake.

$5,000 borrowed. [clears throat]. But you're paying $5,546 in interest. So double what you borrowed is being. paid in interest. What is this for? Federal Truth in Lending Act. Sorry. Yeah. That's That's the bill for. transparency. for moving. You make way too much money to have to. borrow to move. Oh! I was paying expenses at two houses. for a while. So yeah, I. huh? I was paying expenses at two houses.

You make money, great money. Maybe don't. spend your $2,000 a month on [ __ ]. Yeah. How about we do that instead of. borrowing away and I'm double the money. we're borrowing? Yeah, I don't want to see that. Paul, you're doing it. Just I just don't get it. That's. His payment will be $175. Is it once a month, twice a month? What. what does it look like? Once a month. Oh, that's never [ __ ] going to be. paid off.

It's never going to be paid off. I got. to get on a budget so I can pay it off. I got to pee. Okay. I'll be right back. [laughter]. I never have to pee. Ready to get back into it? Ready. So, you just took this out then? Yeah, in June, I believe. Why did you. take out like the highest interest rate. loan you could find? Did you just search. like how to [ __ ] my life.com? Um I think they just probably It's all. based on my credit score, I assume. What's your credit score? I don't know,

like 602 or something. I don't have late payments and stuff, but. family or friends help you move? Um I don't I mean, I don't have many. 50-year-old friends that are going to. help me move. What about your kids? You. know, one of them that you fund? Um. well, one of them was moving on the exact same. day, this one. [laughter]. Was moving on the same day as me. Pick a different day. Well, yeah.

What? I know. I just. was easier. to do for, you know, to hire movers. And. that was also paid. But was it really? Cuz now you owe. $10,000 at 25 or whatever. crazy interest rate. Yeah. So, was it really easier? It felt like. it at the time. Well, yeah, that's how the Yeah. You. just You don't see the delayed. consequences of any of your actions. You're just an in-moment person. Yes. [sighs and laughter]. Which [snorts] is really going to come. back to bite everyone around you cuz. you're not going to be able to take care.

of yourself in retirement. And that is. not fair to others. No, that's not. I. worry about that. Oh, here's the IRS. worry. Yeah, mhm. You do worry? I do. worry about that. I don't I don't want. it, you know, to. for my kids to have to deal with it all. done no actions. So, how can you worry and do no actions? I don't know. Because. around is more important to you. It's more important. Yeah.

I mean, I guess. At the time it seems like the right. choice and. a lot of it's doing stuff for others and. but I don't need to. I don't have to. do stuff for others to, you know, make. them like me, but sometimes in the. moment that's what it feels like. To give, I get it, but you're doing it. in a small way. You're doing it in a. budgeted way. You do it when you're not. going to die on the Walmart floor in. your 60s cuz you're just trying to. survive. Sorry, in your 80s. Yeah. [sighs]. Okay, IRS. 2021. Going all the way back.

to 2021. We're in We're at the end of. 2024 now. We're going back to the 2021. 23,000. 16,000 for 2020 No, we're going. back to 2020 No, we're going back to. 2019. of 22,051. How? How are we going back 5 years? We've been paying, but we paid. Wait. Wait. Wait. Wait. Hold on. Did you. pay 2022? Did I pay 2020 No, I haven't filed 2022. Oh.

Oh, good. Yeah. Does your. tax person know that? Yes. Do And what. do they say? Cuz I didn't have one at the time. Huh? Huh? When did you get one? Uh just. recently. And? And they know that I need. to file, so we're working on it. Working. on What is working on it? Getting all the documentation thing. together. How are you going to file? How are you. going to pay? What are you going to do? I'm just going to file and have to wait. to pay. Is this Are you on a payment plan? I am.

That's why 2018 was paid off. That's why I paid it. [ __ ] sake. There was 2018? Yeah. Oh my. good god. What is the interest rate on. this? Uh I do not know. quite sh-. Without looking, I really don't know. We are at $63,000 of unpaid taxes, but. that's incorrect cuz you have two years, 2022, 2023, and we're going to have 2024. of unpaid taxes. It's probably going to. be like a hundred and twenty-something. thousand dollars of unpaid taxes, which.

is insane. Has the IRS not uh like. [snorts] looked at you for these last. couple years? Have you Do you have no. fear of an audit? Uh I mean, for the no-file these last. few years? I don't have a fear of audit because I I. mean, I actually do keep my books fairly. well. I didn't pay them, but I do have. accurate books and records. You know, so I'm not worried about the. audit, but I do worry about them, you. know, coming after me. But, that's why. we've been paying them. But, you haven't. filed for Right. No, I know. two years. I know. Yeah. So, what do you mean we've.

been paying them? We're not paying them. We're not filing. Well, we're on a. payment plan with them. For the ones you. have filed. Right. Yes, not for the current ones. What's your payment monthly? 750. I'm. going to die. I pay half of that. X pays. the other half. Who? Who? Oh. So, what? You guys are in the business together? Oh, were Did you guys not file It's it's. person- That's it's the personal taxes. And you guys would have filed jointly. and did file jointly. We did file jointly. We'll probably file.

jointly You neither paid together. jointly? Yeah. So, Megan is paying it? Yes. Does the. IRS know if he doesn't, it's on him? Or is it like, "Uh-oh, you're doing it". and you guys have just agreed that. you're going to split it? Right now, it's that we've agreed, but it it will. Well, it will be in the papers. It will. be in the divorce papers. be in the Oh, in the divorce papers. Yeah. It'll be in the divorce papers. Uh I don't know. long drawn out process right now? Are. you guys. No, because we don't have assets. together. We don't have joint credit.

other than IRS. The house that we were. living in was his parents' house. Um But you bought it. You said. We built a house in 2022. Um, we built it. Yeah, it was 2021 or 2022. I can't. remember, but one of those we built it. Um, and then his mom passed, my mom. passed the same year, and then um, we. had to take care of his dad, and so his. dad has brain injury. Um, and we were going to sell his house,

their house, um, and we decided our. payment just kept going up and up and. up. Property taxes? Yeah. homestead? Yes. We were claiming. homestead, but it I think that they. just, you know how when you're buying. it, they figure out what your escrow and. everything is supposed to be, but they. do it on unfinished property, but then. they need to do it on. That's the only thing. Our house payment. went from $2,500 to over $4,000. Yeah. So, um, we looked at it, we sold our house. We actually made a profit in just the.

two-year time that we lived there, but. the house that we moved into is still in. his parents' name. So. I mean, it's not it's not mine, but the. profit that we made from our house. together went into that house. So. No, you guys put that money into the. house you didn't own? Now, legitimately, guys, I believe that you, everyone in. your life, everyone around us can. actually take control of their financial. future and make their lives better. And. we've spent over a year here creating. tools to help make those goals a.

reality. Right now, our budgeting. program and investing program are. bundled together at a 15% discount, and. you get $100 in cash gifted to you right. into your Moomoo account. There's. honestly no time like the present to. actually take control of your future. Don't wait, don't let this opportunity. pass you. Well, he he he will he He own. it, but his his uh, uncle was making the. mortgage payments because his dad I mean. didn't have the money to do it. He's on. social security and so we had to pay him. back. what was the uncle making pay Why not.

get it under the uncle's name then the. title or at least get him on it cuz. again. what happens when it what's what's in. his will? And he doesn't have a will. Neither of. his parents had one. any kind of anything set up? Okay. I. mean he has power of attorney over him. so I mean. Who does? Uh my ex has it over his dad. um because he's disabled but. That'll create drama when the uncle's. been paying for Well we paid him. That's. why we got everything caught up so that.

was where the the money went to cuz we. were going to sell the house and then. pay him because the house has about. 400,000 in equity. Is it Is the dad living there still? No. the dad's in assisted living. If he has. power of attorney do you guys have an. okay relationship in terms of Yeah. doing things? Yeah. Okay. Let's get the pops then to sell. the home. and if you guys are in a good.

relationship of communicating with each. other try. to at least get. what would have been half of what you. got from selling the previous house. We're just trying to get your part of. the money out of it. It's a very weird. situation. Yeah. But if they're willing to do that we. need to get what How much What was the. profit? How much did you Yeah. Uh about. I think between 70 and 80. Okay. Yeah if. we can get you about 30 to 40. Yeah. But.

I mean that goes a lot towards that big. way towards the end of taxes. He won't. sell that house. I mean. Who who who who? Uh well my my ex or and. his dad his dad can't make a decision to. sell it because he. he I mean he's got major uh it's aphasia. I guess so he can't remember anything. But your ex won't? I don't think so. I. mean he's.

it done? 13 months. 13 from now? Yes. It. may be 12 now. Oh. What's going to What's the value of. the car by the time it's done? What does. it say?

I don't know. What's the What's the buy? I think I. bought it for between 40 and 45. No, no, no. What What Okay, what When. the car is done. what does it say that you can buy it at? Oh, I think right now it's like 37 when. I looked at it like if I just wanted to. buy my buy out of it it was 37. Well, a. full So, you're talking about buying out. the lease and the full purchase price of. the car. Yeah. I would love to not have that payment, but. What are you going to do when the lease. is done in a year?

Um. try and hopefully I'll be in a better. place and I can just buy something. cheap. My son's a mechanic, so he's kind of on. the lookout for something. Uh-huh. So, he's been kind of on the lookout for. something. $746 a month payment. This is. insane. This is insane so far. What? I just I don't understand the. things I'm looking at. So, this is. another lease for No, what is this? Remaining early purchase amount.

What What am I looking at? Um that was uh. That was for That was part of getting. all the furniture for the house for the. new house. Yeah. Cuz I didn't have the. cash, of course. So, maybe we don't get. it. Let that be a new rule going. forward. If you can't afford to get it, don't get it. You're not going to die. putting a mattress on a floor for a. couple weeks. Right. When you slowly build up again, you guys. made the choice to do the separation. Now, you have to deal with the reality.

of it as well. Benefits and negatives. Right. Yeah, you're not. Well, I mean, you're making it happen, but. you're borrowing it, and your minimum. payments are insane. So, What Wait, it's It's a $247.62. a month payment or something? Uh. Wait, it's rent-to-own stuff you're. doing? No, it's not I don't I don't What is. this? What is this? What am I seeing? How much is left? Uh I don't know. I don't know if it says on there. Remaining early purchase is only 600.

Yeah, if I pay it off early, it's 600. If I wait, I think uh my son and I. looked at this. If I wait and pay it. off, yeah. When does the early option end? Oh, September 23rd. Oh. Just missed it. Is. this done, though? Did you pay it off? No. Oh, now the current balance is. 2,058. Oh my good. Do we know what the current payment is? Is it the same? Uh yeah, the payment's. the same. Why would would you do this to. yourself?

Why would you do this to yourself? Why. would you not pay that 600? I didn't. have it at the time. You spent $1,500 on. just absolute nothing. Things that. didn't matter in any way. What do you. mean? Yes, you did have it. I didn't. have it in my account at the moment to. pay it. I should Yeah. Oh, this is this is definitely. a [sighs] situation. Gosh. These companies make so much money. Let me tell you. Yeah. And you just you.

just allow them to milk you. Gosh. One of the items on here is an umbrella? [laughter]. An um [ __ ] brella? Not that kind of. umbrella, like You needed that to. survive. No, I did not need it to survive. Then. sell it. Yeah, that's that's what my son's been. telling me, sell the stuff. going to need to sell everything. Yeah. So my gosh, I'm just This is this is.

this is this is. [sighs]. my. Yeah, sell everything. Let's sell everything. Oh good god, there it is. There it is. There it is. Oh wait, is this Is this. what I was looking at? Is this what I. was looking at? Is this the same thing? Or is this. different? Uh Is this different? Is. Akemi different? It's a different brand. I think that Does it say that it's. a part of the same thing. Thank I. thought you had another thing. Oh my. Oh my Okay. Good. Thank Thank Oh my.

goodness. You're 50. Yes. Why are you in debt for. TikTok Shop? Cuz if I can pay it out, it just Huh? It's better. Huh? I just want to pay it. out. What is pay it out? Like pay it out. over time. You can't. Your minimum. payments are stacked up every. Everything is so stacked. Pay it all. over time is worse for you.

TikTok Shop, where are you? That's for. brain rot, young. What are you doing on. TikTok? I can be on TikTok. Stop rotting your brain. I I need TikTok. Just for brainless scrolling. Clearly brainless. Oh, good. But you're on there spending. money. Not that much. Money? Girl, you're [ __ ] affirming. it. Does this even affirm? It is. You're. affirming it. But that's for a lot of different.

things. But the TikTok shop is some of. it. It is some of it. $282. in minimum monthly payments for Affirm. You can't have a reasonable minimum. monthly payment to save your life. I. cannot disagree. Um Yet you do it. I just I I don't know if the behavior. the change in your behavior is such a. monumental shift that would be required. to get you out of this that is a bigger. shift than I've ever seen.

Plus so. matured in life. It's different than a 25-year-old. changing what he's been doing for the. last 7 years. You're doing this what. you've been doing the last multiple, multiple, multiple decades. You're right. I like I don't know how. you're going. I can do it. I can do it. Okay. I don't. want to bring down the room, but with. what optimism? There is nothing to. suggest that you possibly can. I would. love to hear why. Cuz I.

It's a new. Oh, good. It's a new time. All right. Yeah, that's what does it. [laughter]. We all know that just like end-of-year. you know, New Year's goals always work. People definitely don't fall off in the. first month. I'm going to have to. calculate all the Affirm stuff in the. end cuz this is just so much. We have. 1840. What is the pediatric bull Amazon? You Amazon What are you What are you. even buying on Amazon? I don't know.

That's the bad part is that. Let me see your phone. Let me see that. Amazon app. Let me see. Let me take a. little sneaky sneaky. He's got it. Okay, so total Affirm balances. which I'm going to. kill myself from. I think it's the 1840 that's up there. That wasn't It's 1840 19 and the minimum. monthly payment is what? Uh 282 282 absolutely ruined my entire. life and you're going to keep growing. it. You're going to keep growing it. So,

this is going to become bigger. I Let's see. Klarna. Oh, good. Klarna. We're getting them all. We're getting. them all. I swear. Who knew there were so many? I just had no morals or emotions, I. swear should have just started I should. just started a company like this. Anyone. will sign up for them. You could Anyone. could start one of these companies today. cuz anyone will sign up with them. The. moment you're out of these little. microloans that you're able to take out, you will find the next one. There's an. infinite loop of these. Just start one,

put a predatory interest rate on it. Gosh. Billionaire overnight. Everyone will just borrow them. endless money. But, it's disgusting. I would never. offer This is crazy. Internet's [snorts] not working, I don't. think so. I don't know if it's I'll get you on my. phone. Okay. I thought I was on there. Oh my gosh, you're on Snapchat, too. I'm. Yes. impressed and terrified. [laughter]. Am a zon. Can I do a screen recording?

We'll bleep anything private. Yeah. Oh my You're getting an You're getting a. million emails. Put it on sleep mode. I. had it on do not disturb, but. Oh my gosh, you're getting like 50. like. [laughter]. things that. wear to your body. I What are they? I. don't even know. Shapewear for a. What are they? Well, you have to have three? No, I'm. going to send back the ones that don't. work. We got underwear and power strips and.

under dust things, multiple dresses, a teapot, very needed to survive. Dog bark deterrent? Yes. You haven't met my daughter's dog. Your daughter's dog? This isn't even. like a just a horrendous neighbor that. doesn't know how to control their dogs. No, this is my daughter. How does this impact you? You got. I probably have shipped it to her. I. know. What? Is it just barking all day every.

day? He barks a lot. What kind of dog? Uh cheweenie. Oh, gross. [laughter]. No, I love them and probably give them a. lot of pets, but you're right, they do. just bark. He He more barks than than. than I can just picture them. Yeah. Root powder extract. Not trying to. out your whole existence right now. Uh you get so many things to wear. You're wearing everything. But I I get a lot and I send it back. Okay, well, a lot of these were. I mean, some of these are in August and. I didn't see anything returned yet. No?

I saw one thing returned. It was a book. Oh. Oh, you also get. holiness. Hold on. [laughter]. Son, close your ears. What are we. What are we doing in here? What's going on? Well, well, looks like I have some some books. to read. What what are What are we What. are we learning about? It's It's It's. for one of the classes that I'm in at. church.

Christopher Yuan, what are you uh. [clears throat] What are you writing. about, you little you naughty little. guy? No, it's not that kind of book. It's a Jesus book. The word is in the title. It is, but it's also got holy in there. So, it's Where do you think you're not? [laughter]. That's what it's for, though. It really. is. It's for a class. I am addicted to books. Okay, libraries. Yes. in a large town. Yeah, you just you get. books and you get clothes and it's just. books and clothes and books and clothes. books and clothes. Um.

So, yeah, maybe we're not doing all that cuz. you got libraries, you got things. I actually live just a mile from a. library. All right, y'all. It's no secret. Gas. prices, groceries, eating out, it's all. costing us more than it should. But if. you're like me, you're tired of. overpaying for essentials. And that's. where the sponsor of today's episode, Upside, comes in. You know those things. we do every week, even every day for. some of us? Grocery runs, filling up on.

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Okay, Klarna, we owe $467.95. Nike, just. Okay, I don't even know what your. minimum monthly payment is. What are. they? TikTok shop loans through Klarna. as well. [sighs and gasps]. Nike, TikTok shop, new Nuds. Nudes. Nudes. I didn't want to assume. Acorn.

Acorn and Finch. I think some of I think. that one's paid off. I think some of. them are paid off. They just list them all there, but Nike, yes. That was the most recent one. What's the minimum for Klarna? So, it must be 310. You must be close to. paying off other things really quickly. Uh, okay. Balances on there. Some of your balances. in collections? Of what? An emergency. visit? What is that? An emergency visit medical. bill. Oh. Why? Why not You make so much money. I.

get I have no idea why you're taking out. bad debt for things and allowing things. to go into collections. If we're doing. smart leverage, I understand some things. Do you make way too much money to be in. 35% debt for stupid things and allowing. things to go into collections? Yeah. Want to get a house? You're not going to. do that with collections. So, what? Why was this not paid? It's. only 1,471, which is a lot of money, but again, you. make a lot of money. Cuz I'm paying the. minimum on everything else. That you chose to get into. None of this.

has been just for Uh, the IRS exists. because you went out and spent a bunch. of money you don't have on fun. Uh, the. moving things exist because you didn't. have an emergency fund because you're. spending all your money on fun. All that. other stuff was just spending money on. things you didn't need, furniture and. fun and fun and fun and Uber Eats. All. that type of sh- And even when you get a. reimbursement, you then just go and. spend it instead of putting it back on. your card. So, the only reason you have. those minimum monthly payments that mean. you can't afford this because you're. just spending all your money on fun. For. someone who spends so much money on fun, you'd think I'd have more fun. You.

probably have a ton of fun. You don't. know what it's like on the other side to. not have the fun. I do. Cuz you're just living life, dude. It. just doesn't feel like it. Well, well, do you you probably just have an endless. like cap, you know? You get used to. every life you're living in after what, like 6 months or so? No matter what life. you're living, you get used to it, no. matter how bad and good it is. It just becomes normal. So, you're. always going to be chasing the next real. high, that extra fun. I want my next. high to be. [sighs]. not having to I want it to be. retirement. Oh my good death.

This isn't people. Statistically, some people Yes, a decent. amount of people hold student loans into. their. 50s, but. you have so much. And you're just a. consultant. Consultants are a great job, but I just mean like you're not a doctor. or a lawyer. What's your degree? Um I. have a master's and I have a bachelor's, so Bachelor of Arts, Master of. Jurisprudence from Uh uh of what? Jurisprudence from Loyola Law. Okay, so.

it is in the world of law. It is, but uh. but those are those are not all just. mine. Um when I was married the first. time, we consolidated our student loan. debt. Oh, good debt. And of course. on it and you're on it? Yes. Who's not. making the payment then cuz there's two. sets of student loans in here and guess. what? They're past due. Yes, one of them is. Um Both. Well, the ones. corrected one, but at the time of this, both. Oh, I thought just Nelnet. Oh, both of your Nelnet's. Oh, there's a.

Nelnet and a Sloan. Right? Okay, good. But yeah. Oh, good debt. Well, cuz they made them they made. Nelnet sell them. So, they have personal. they have private and but yes, so part. of that is my ex-husband's and part of. it is some that I took out for my. daughter. Oh, for your daughter parent plus? Yes. For one semester. I. There's I'm you know, I'm either pro or. anti just depending on whatever. Was she. working? Um her I think it was her senior year.

And was she working? She was working some, yeah. She was. She. couldn't qualify for student loans? She. got one student loan. She. And that was the cap? And that's just. what she got. She If she was going to. have to get student loan, she wasn't. going to finish. She cuz they saw. She didn't want to get her own student. loans. Oh my good Then that doesn't mean. you take out student loans. You need She needs to eat some for a. bit. She really does. She needs to learn. what it just what it. You need to. actually put into this world to get.

some. Like that's. what's going to make her become a decent. person in the world of at least. economics. Yeah. Yeah, so that's why the. the student loans are crazy and I didn't. know the one was behind until I went to. print this out because they had been in. forbearance and all the things from. I. I don't know because one of them's in. forbearance cuz I'm waiting on the. separation. So they are going to let us. separate consolidated loans. That's. coming up. They're supposed to be. passing that law. So they got Regular. minimum monthly payment on this loan was.

858, but guess what? We're past due by. two. Yeah, that's the one that my first. husband pays half. So half of that is. his and half of it And is he paying or. you not paying? What Where's the issue? No, it's both of us cuz I didn't know. until I printed this out. I didn't know about this one. know? What do you mean? They announced. last fall 2023 that student loans were. starting again. No, but they were still. in still in forbearance because of the. separating the. spousal consolidation. Okay, for how. long? I thought they were still and.

that's when they separated it. So how I. have two null nets, one of them you can. see it doesn't start until September. 2025 and then the other ones This one's. due in 13 days the next payment. Yep. So Okay, and I don't know the interest. rates. I I didn't get that page. Um I. think they're in the six. six to eight. What? Oh, to eight? I think. not even the good versions. Why aren't the threes? And I have a now.

net Wow. $134,621.62. We got official word from the daughter, by the way. We're going to give her a. call in the post show cuz this one's. already running long and I I. legitimately don't know if we're halfway. through the paperwork. So, we're going. to give the daughter a call in the post. post show. She wasn't able to make it. into the studio, but. I'm going to give her the. real deal. She can accept it or not, but. she needs to. 99 cents. And then I need you to.

actually like actually stick to it and. not give in to wham wham cry daughter. or emotions and all those good things. And it's never even like that with her. She'll it's she doesn't like call and. say. it's not even her calling saying, "Can I. have some money?" Sometimes sometimes. it's that, but sometimes it's just. "Well, I don't have money for this or I. don't have money for that." So, in her. defense, it's not always her asking. Sometimes I just take that. Nope nope. nope nope nope nope nope nope nope nope. nope is the new rule.

Okay, next now net. Uh what the. What are you talking about? Wait, is. this is an old statement? It says. current due was in March of 2022. Says. current statement due date in March. 2022. I consolidated them. Like I had a. bunch of separate ones and we. consolidated them. Do we even know what's happening? I'm I'm still trying to figure that one. out. That is the one that is showing now. that it's in forbearance due to spousal.

debt. separation. oh, is that why the due date's later? Yeah, they're two separate accounts. One's one's federal and one's private. dues. But it doesn't say. Does it say. current amount due? Yeah, $1,164. with a regular monthly payment of $582. Does it show past due? Yeah, of $582. a. Okay, then I don't know about that one. My dude, what are we doing? Yeah. My. absolute dude. I might.

I'm going to send you to. probably the advisors at Domain Money. that we work with. It's going to take. hours just to get knowledge in your. situation. Something that. this show's good for many things. For. something as extensive as this, we just. simply don't have the time. Our employees are going to want to go. home around only these 5 to 6. At this. rate, we're going to be here till 8. There's a lot. The people over at Domain Money are. great. They're great. Okay. We have. their information in the description if.

you want to check them out first, but we. can get you connected. Okay. I actually. went through their whole process myself. just to out of curiosity and seeing what. they thought about my situation, so. Okay. Uh okay, so student one. student. two. So, this one's at 82,000. No, no, no, wait. Hold on. Actually, this might be the same cuz this was the. statement date. of February 29th, 2024. Did you send us.

a old statement as well? That was the. last statement that I had from Nelnet. for the Sloan because it's in. forbearance. So, this is just an old statement and. now it's in forbearance. Okay, so 82,298. on this one, but it's probably in. forbearance. This other one is live and. up-to-date. The first one we talked. about. Okay. For Venmo, you owe money to Venmo. You. have a Venmo card. Venmo card. You have. every millennial and Gen Z product.

Like. you should be a PayPal girly. Yeah. Yeah. Um and that one's a business card, too. It's in the. it's in. I need to take Google away from you. You. cannot have access to. Please give me debt. Cuz that's this all. you do all day. You wake up and that's. the first thing you type into your. phone. You're just a like if you don't if you. don't type that in, you have to you have. to. you're like going to shock or something. Maybe. Take out a debt every day of your. life. Cuz for Venmo, you have $6,364.77.

This is insane. How much debt do you. actually have? You have $396 of debt, and none are an. asset as far I think, cuz the lease you. don't even own. Oh my It's almost a half a million. dollars in just debt. Oh my good. Are you okay? no. This is I just I I I I want. I want a path forward. Just don't know. if we'll have it. $209.

is your minimum monthly payment, 26.47%. interest rate. Wayfair, why are we Wayfair? We have a. Wayfair debt. Wayfair. Wayfair. Wayfair. There's There's. [snorts]. Wayfair, you you really need every debt. that exists. Every debt that exists. Good good debt. Good debt. Oh, I look I. look. It at least looks like this one's paid. off usually. Usually.

So, I'm not. It's not. [snorts]. Huh? What's the What's the balance? What's the date on that? I don't know. I had a purchase of $131. Um well, I I went to Chicago recently. Okay. And uh. Notorious going to that town. Um I used. that card for some things. How many. How many of some things? limit, so I don't I know it wasn't more. than that, but. So, it said a thousand? No, no. It was probably a five or six. hundred dollars.

Uh so, okay. $600 for Wayfair. Kill me. now. Uh it said a $29 minimum monthly. payment on here. It's probably higher. now. I'm going to put 50. Good. Good. Geez. Fees and interest this year so. far. So, yeah, you don't always pay it. off and it's 32% interest. Home Depot, we're also spending. You seem to be on 0% plans here but we. have fees. Okay. $752.77. The minimum monthly payment of $29.75.

Home Depot purchase $27 seasonal garden. Great, we got a plant. We've had. interest accruing. Uh. Hold on. Oh. Okay. The interest. deferred. Do you even know what's happening on. here? Yes. What? The deferred interest? Uh-huh. That if I don't pay it off. within a certain amount of time then all. the interest is going to come up front. or they're going to is going to come. due. Yes, I've got a couple like that. I just don't understand why you do this.

to yourself. Expiration date. [clears throat]. of like 3 months. Okay. Barclays. And more purchases $118 of purchases. $13 of interest accruing. Uh. What thick stack week or whatever we're. calling it is just. This sucks, man. The. The reality is that who.

gives a [ __ ] about me going through. paperwork? This is like your actual. life. And. I just I can't I. How do you sleep? Uh Do you sleep well? No, I don't. Stress? Yes. Stress, worry, all the things. I I'm. after going through what we went through. and my husband's mom died. She had no It. was It was like this and I don't I don't. want my kids to go through that. Like I. don't want to leave a mess for them. How's your health?

Good. Do you smoke? No. Good lad. It's a rarity for this show, unfortunately. $538.72. is owed on here. Purchases, interest, $25 $29 minimum. monthly payment, 2 years to pay off the. way you're doing it. Local tavern. You. went to a restaurant. Yeah. $118 at a restaurant. Just. It's like we don't care. We don't give a. [ __ ]. If you actually want that for your kids, then put in some [ __ ] work. It's time to grow up.

Amazon. Great. $926.22. Minimum monthly payment, $35. And on. these Barclay cards, what they do every. month is they'll lower the. credit limit, which I get that what. they're doing, but they're just screwing. my credit score even worse. I don't give a [ __ ] about your credit. score. You don't care. by like 25 or 50 dollars. That's probably good for you. Yeah, it's. probably not a bad thing. You You don't. know how to spend.

You don't. We also might connect you with the. people at Release Debt App as well to. see what they can get for any kind of. debt negotiation. It's another one of. our partner partners in our resources. section. It's just like. Like cuz you That might be your only. option. It's like either we have debt. negotiation or we have bankruptcy or we. just. Yeah. And. What are your thoughts on bankruptcy? I. I don't know if that's where we are, but. what are your thoughts on it? $400,000. of bad debt without any assets as far as. I know yet. What are your thoughts on bankruptcy? Well, most A lot of that, too, would be.

student loans, so we couldn't put that. through bankruptcy anyway, right? Um. chances It's so minimal. Yeah. So, I mean, I I don't I don't have. a problem with it. My credit's already, you know, screwed. If I'm going to buy a. house, it's going to be several years. from now. So, if I got to do that, but. if I can pay it off, if I can figure out. a way to pay it off, then let's. do it. You have a. Carnival card. Like the cruise ship. Carnival card. Yes.

I've never seen that in my life, and. I've had some crazy finances on the. show. Yeah, I've had that one for a while. Good. Oh, good. That one's uh It's at $4,447. And 52 cents. Minimum monthly payment of $118.61. This is insane. This is insane. This is. insane. Interest charge, $73. 17 years. to pay off.

17 years to pay off. $700 in interest this year so far. I. mean, you've easily had over $10,000, maybe $15,000 of interest accrued across. everything this year so far. You had to. have, especially if you equate in the. fees with the lease that was baked in. from the beginning. [snorts]. Good death. I have B&H, why do you have a B&H card? Um. for when I started. even have a B&H card, and this is like. the company that should. Yeah, well, because it's also for like printers,

anything that I need like for work. printer, they're a few hundred dollars. Yeah. I. That's what it's for though. That's. But usually with that one, I don't. usually pay interest. They're almost I. think always deferred interest, and I do. pay that one off at time. Every time? How many times? Um 35.99% interest rate, by the way. No, I mean, I don't use it regularly. in 4 months. So, you going to do that? Are you going to be able to pay it all. off? It's Yeah, I mean, I should be able.

to. Okay. I'm going to break it down in. four. That was [ __ ] like confetti. So, you can make $135.75. towards it on a monthly basis. Well, we'll see. That's I mean, I should be able to. So, it's required if you're going to do. it. Yeah. Oh, I need to get your son in here on. the Po Show, see his assessment on the. situation, since he's a part of the. Ramsey side of things. And we need to. call your daughter. We need to get You. cannot be sending her any money just cuz.

now you can't afford it. You're not even. helping her. You're doing her even more. of a disservice cuz you cannot afford. it, and she's going to have to take care. of you. So, it's like Now, it's just. completely different. I mean, this is. just stacked so beyond. Capital [snorts] One Business. $1,443.53. Minimum monthly payment of $52. [sighs]. Oh. Interest $37. That's 10 years to pay off. all these. Take multiple decades. 29.24%.

interest rate. $336 of interest accrued. Okay. Oh, back to Capital One again. Capital One OG, $3,406.91. Minimum monthly payment $116. Whoa. Please, guys, if we can start adding up. these minimum monthly payments cuz it's. going to take me a year to add at the. end. Okay. Uh $82 of interest accruing. Interest this year so far added at.

28.15% interest rate. Let's see. $663. The money you just lose. You just lose. so much money because of your. impulsiveness. Yeah. Oh, my four Capital. One. So, this is a Quicksilver. Do you. have an addiction to Capital One? Is. that Is that our new partner? No, it's. my bank. But $2,637.10. $93 minimum monthly payment. $64 of. interest accruing. $464 of interest this year so far.

28.15%. interest rate. Oh. CareWell? The [ __ ] is a CareWell? CareCredit uh. Care. Oh, credit CareCredit. Yeah. Yeah. Okay. So, medical stuff. Why don't you get a. payment plan with like the hospital? Or. is this to the insurance Was it to the. insurance? Um. No, it wasn't to the insurance. It's. It's been there forever, but it was I. don't know if the hospital offered it.

I mean, I guess they do. always a way to make money. $3,839.12. is the balance. $80 of interest. accruing. $140 minimum monthly payment. Takes 14 years to pay off. Oh my good. Hold on. It's a promotional balance. Okay, until. paid off. Which it has locked you in at. 18.9% interest rate. Oh, no, most of. it's at 26.99. Never mind. $941. in interest paid this year so far.

Thousand on this alone. Chase Ink. We got one of those. Oh my. Well, you do it the wrong way. Yeah. $17,217.49. Yeah, they'll give you big balances. Big limits. You got a limit of 19,000. We got a limit of I think like 90. I. just opened it the other week, but we. don't. obviously I'm a credit card person. Disciplined, but just seeing you with. this is just like. So, that scares me. Yeah, they gave me. both of those Chase cards at the around.

the same time. Or not gave them to me, obviously I. applied for them, but. I was very surprised at myself. $562 minimum monthly payment. Interest. accruing at $390. I just wanted to wake up today. Wake up. Come into work. Get AC installed in a. new room because it just doesn't warm. They couldn't do it. They couldn't do. it. They're not going to He told me I'd. hear back by the end of the day to see. if they could actually come back cuz. they figured it out. I haven't heard. anything. The dog's at the vet. And.

that's just been chaos. I. Lunch. I just ate an apple cuz I'm. trying to survive. I I just wanted to go watch the vice. presidential debate tonight. Get a. little bit of food. May- maybe even. spoil myself with a massage cuz it's. been a stressful few weeks. You know, maybe these few things and go to the vet. visit pair. I wanted to do all these things. And we. come in here. we come in here, we do all this. This is.

stacks of paperwork and we're not. what are we? 2/3 of the way through. maybe? Maybe. 2/3 of the way through. Hm. What have you done to me? You've just You've assaulted me with. paper. You've destroyed the Amazon. rainforest. Now, to be fair, I didn't destroy the. Amazon. You sent it, girl. In digital. in that debt.

Yeah, no. I laugh to keep from crying, but I don't. think it's funny. Interest charged this year so far on. this card alone, 3,170. 3,176. 3,176. Which card? 3 Ink Ink. This is your version of tattoos, the Ink. card. And all the interest accruing on there. Yeah, those are my That's my scary Ink. There's just like a prison teardrop is. all this. All right. City Double Cash. I love the.

City Double Cash. City Double Cash is. great. Of course, you're probably not. utilizing it correctly. Oh, yep, correct. Who would have thought? [clears throat]. Okay, [snorts] balance $2, $2,683.43. with a minimum monthly payment of a. $94.81. $67 of interest is accruing. 17 years to. pay off. Interest this year so far, no idea, but. probably a ton.

Cuz I don't have a second page. Catapult? You have things I've never. even heard of. The Cuz a catapult? Um it's. it's more furniture. Catapulted into someone else's house. where they give you money for it. Huh? How about we do that? All right, guys. I. get it. You need more financial audit. So, we've decided now in our membership. below, you get two exclusive see nowhere.

else uncensored financial audits every. single month. Oh, good. No way, you're couch hopping? Places I like stay at for [music] the. job. You're relying on bookings for a. place to live? Yeah. Also, three post shows a week for every. financial audit you're seeing right here. on YouTube. In the post show, we have an. extra 20 minutes for every single. episode where we go into more drama that. we didn't uncover in the original. episode. We can't find you on Facebook. Did you block me on Facebook? No. Mhm. No way. And then included in.

the membership, every Tuesday we have a. member live stream where you come in, you hang out with us, we answer your. questions, and the whole crew gets. together, we play games, we mess around, and we chat with you. I have a pair of. salmon shorts on my desk ready to change. into right after [music] this. So, you dress like you spoke for the. first time when you go on a date? [laughter]. Then there's always extra bonus things. like for example, an office tour. The.

team grew, we have to. eat out of here now. So, this was going. to be the fun area, now it's not. We. upload hours [music] and hours and hours. of extra content just for you, and it. helps support the growth of this channel. [music] and the growth of this business. Join the membership, link in the. description below. So, how much is. Are you. What? Hold on. Which one's catapult? Is this catapult? What are we doing? Oh, I got description. number one and then we skip all the.

terms. Good, cuz we don't need to print. all that out. $80 weekly payment, $80 weekly payment. a weekly payment of $80. Averages out to basically $1,051 a month. taking out the weeks in the year. It's been an hour and a half. No, it has? Yes. Okay. So, [clears throat] anywhere from 3,039 to. 6,308, just depending when you pay it.

off. I mean, this is. crazy, crazy, crazy, crazy, crazy, crazy, crazy cuz is that a billion. percent interest rate? [sighs]. Oh, Kohl's card, sure, throw it in. Throw it in. I. 2,000. $731. $95 minimum monthly payment, interest. $68. That's all the interest rates for. basically $500 in interest accrued this.

year so far. [gasps]. A Living Spaces card. Yeah. Cuz. you filled every inch of your house. Well, no, that was the other house. So, I'm still paying on it, furniture that I. don't have. With interest? Don't Most of these. places are like interest-free cards and. Oh, no, they they did it and then all of. a sudden I'm over the limit now because. all [screaming] the interest came up. Yep. $162 minimum monthly payment, balance of. $4,402.61. Stop it. Stop it. $70.

Sorry, 17 years to pay off, interest. rate of 30%, probably interest accrued. this year so far, a million, who even. knows? I don't have the page. Oh, yes, I. do. $2,000. Yeah. Yeah. The deferred interest payment was. we lost? $20,000 in interest this year. so far? $20,000 that you could have had, you could have had, gone. Oh my gosh, I just got the number for. your minimum monthly payments that I.

deferred. Has to be a first that it was that high. that does not include a mortgage. Mhm. That's the same. Why do I see Mercedes-Benz? That's the lease. That's the lease. So, the one we've already went over. Yes. Oh, 746. Yeah. I think get us there closer. Nordstrom. Don't go into a Nordstrom. You can't. afford it. It's the anniversary sale. I'll copy what this guy's program says.

The only time you see the inside of a. Nordstrom is where you're working there, okay? Okay. Yeah. Balance $2,070.96. Interest is accruing $56.77. of minimum monthly payments. 9 years to. pay off. 31.15% interest rate.

Basically $500 interest this year so. far. You know, for what it's worth, this is. what most people come in here with. This. [laughter]. That's not even a joke. So, I came to the right place. I don't know. Oh, I think. know. You can help me. Dude, I the it's. I have faith in you.

That's not about me. It's your. situation. I yes, I can we can get you to get you. get you get you cut back all the way. We. can get you to I don't know what you We. need to figure out your budget at the. end, where your expenses are, who knows. If there's things that. PayPal credit. Uh, what do you owe? I'm. You just refuse to owe a little bit of. money. $2,739. Always basically at the credit limit. Minimum monthly payment of $97. I'm. going to I want to punch $70 and 99.

cents of interest. Mhm, we've had fees this year. Almost. $1,000 in interest this year so far on. here alone at a 29.24%. interest rate. Ew, more goodness. Q card, what is the Q card? Again, brand. new cards. I swear you just. new cards that have never been seen. No, that's QVC. I'm QVC? I'm old, it's obligatory. But you you.

are a generational debt. You have all the new debt and all the. old debt. I'm like Lori from Shark Tank? I don't know. Going to debt for her? [snorts]. Listen, 30 years ago I wouldn't have. gone in I would have gone into debt for. her. I don't know Lori from Shark Tank. Oh, that's okay. Q card. The minimum of the the the What am I. even saying? $1,298.13.

That's your balance. The minimum payment. of $50. L O R I, Lori. She's the one that did. like Scrub Daddy. Oh, okay. the Scrub Daddy deal. Okay. Um, okay. Love that show. $36,000 of interest accruing. Uh, 8 years to pay off. Inter- 32.24% interest rate. Interest. this year so far, 233. Oh, whoa. That was the end of the debt.

It is. Unless is there more debt that I have. not talked about? I I think we're. missing one. Oh, good. What is it? Um, I recently had. to do a loan cuz I had to travel for. work. You [snorts] said it gets paid for. It it does, but not ahead of time. you never pay it off anyway. You just. spend it on you. Um, anyway, so I guess it was like a. payday loan is basically what it worked. out to. You are a 50? You're making $180 and. you're taking out a payday loan in what. world? What? Tell me. I freaked out cuz.

I wasn't going to be able to do the trip. for them and I was worried I would lose. the client. So, yeah, I don't I don't know where. that one is. What? What? What is it? Uh it was $6,800. and with all the interest and everything. else it's going to end up costing me. like 10 something. I owe 4,200. on it currently. $128 a day. In payments or interest? In payments. 120. Except for on the weekends.

It's almost $2,500 a month. I just. What's the balance? Uh 4,200. But it's. going to be much higher? No, no, no, cuz. the it's. In total paid. You have to pay it Yeah, you have to pay. it even if you paid it off early, you. couldn't pay it off for cheaper. So, it Yeah. It was Yeah. So, I owe 4,200 on it. Think I have about 90 days left. Oh my.

gosh. Maybe No, not 90 days, probably 45 days. Have every loan. that has been invented besides the. like. uh. the little shark guy, loan shark. You. have every loan but the loan shark. Unless what's the loan shark loan? You. must have one. No, I don't know. You You capture every loan exists like. they're Pokémans. No, I think just the. payday loan was the worst one.

That one That one was. the worst. for you. Yeah. Did we. Is that including that one in the. minimum monthly payments? Uh. 2,500? 2,500 a month? It's $128.35 a day except. for on weekends. Yeah. [laughter]. [snorts]. This is off. You have What have you done to your. life? I'm sorry. I don't mean that as. like an insult. I'm like just like. What have you done? Oh my gosh.

I I I wonder what he is thinking. I cannot wait to get a sauce in the push. up. If you were my mom, I my heart would. be I don't even know. This is almost like tragedy levels. Yeah. I don't even know if you know how. bad this is. No, I I know. Um. Do you? Cuz you Look at your spending. We're about to go through your spending. If you knew how bad it was, you're. selling money, you're selling money. DoorDash and Jack Flight Clubs, World. Market, Hula Car Wash, Chicken and. Pickle, Klarna, TikTok Shopping, Great,

Academy Sports, Car Wash you get in a. car wash every second of your life. Baskin Robbins, Amazon, Amazon. Abercrombie and Fitch, TikTok Shopping. Amazon and Nike and Amazon and Amazon. and. Nail Spa, getting our nails did, hot and. single, ready to. McDonald's well. [clears throat]. That was my daughter. She also has my DoorDash account. No,

no, [screaming]. no, no. No, she does not. No, she does. not. TikTok Shop, Amazon, no, she does. not. You don't have money to survive. You're taking out payday loans, you're. taking out payday loans. Your daughter. does not have access to a credit card of. yours, nor does she have access to a. DoorDash, nor are you paying for her car. insurance. She can be a grown adult who. makes an adult salary, a good out of. college salary, and she could be a. adult. Airports, spending, Zelle money out,

Courtyard, Courtyard, Amazon, Amazon. Wayfair, Amazon, Bahama Mama Smoke Shop. What is that? Uh gummies to help me sleep. [snorts]. Have you talked to a doctor? Um, no. Not well. I mean, about not sleeping. you don't know. Yeah. No, no. I mean, I have talked to a. doctor in the past for the sleep stuff, but nothing's really ever helped. Your mom's a druggie.

I learned from the best, [clears throat]. kids. Where you think I learned about. that stuff? It's okay. I'm pretty sure. half of my employees basically do like. [laughter]. Amazon, [snorts]. Freddy's, Amazon, Amazon, nudes, Amazon. Just because you're sending a lot of hot. young dads fresh nudes now that you're. single doesn't mean you need to be going. into nudes and spending $42.65.

Zelle, and I'm only Zelling on money. Netflix, Hulu, Hulu. [sighs]. Porn, uh, TikTok Shop, and QB C payment, and Pooh the Rescue, Nike, Rock and Roll at Peak, rude. I think those are the The joint one is. not. Yeah. Good. Our Capital One bank, ending. balance negative. Yeah, I don't know what the account it. is, but that's definitely possible.

Or. Uh, I don't know what you went through. at Red Out Kitchen, but you're negative. in there. I know that Okay, that one That one is. actually my ex's account. Nope, she took the He had took the joint. accounts off. know what Red Out Kitchen is. He knew you were going to say that cuz. he preemptively typed it and highlighted. it red. He knew you were going to say that. No, I really don't though, but I I. believe you. Red Out Kitchen. Okay. I believe him and all he smokes on. a daily basis. Yeah, overdraft fees. I don't think.

we're surprised. Oh, but don't worry, guys. We have a. dollar in WeBull. No. [snorts] The world. is. saved. Retirement. Oh, it's happening. $131 and so forth. You know I love it. And then $35,000 in our retirement. account. What do we want you to be at at. this point? Your yearly income? Probably. like over a million. Just based on your income specifically.

And the good thing I I would say the. good thing about my. about my income is that I can I mean. there are months when it's better. Like. this month I made extra. matter if you don't set any money aside. for taxes. Right. I know this. So do you save. but you don't do it. Well, I know. So do you save for taxes first? Do you. start paying off the debt first? IRS comes first. IRS be scary. IRS can. come you. All right. Okey dokes. Yep. Okey dokes. I have a pen.

Somewhere. They're scattered in the mirage of. insanity that this is. I don't know what happened to it. I assume if I throw this I will hear a. thud of a pen at some point. I found it. Your rent was what again? 2550. If she needs to get another job, your.

daughter, I will be nice for one thing. Cuz you guys already got your [ __ ]. figured out. I will gift her a Course. Career Certification if she wants to go. on there, take their quiz, figure out. what's best for her for what different. side jobs and stuff. She can get. certified in something. She can go make. more money if money is her problem. Say. your rent again. 2550. Does that include utilities? No. How much for all utilities including. internet? Um. I'd say probably 124.

electric, 30 for gas. Internet is 71. Uh and water is about 80. 301. Gas, room room, drive drive. Just you. Uh I think we came I think we looked and. said like maybe 250. Car insurance if it. was just you. Well, I have them. separate. So, I have my car insurance is. 292. is hers? 263. Stop it.

Fun fact, your debt minimum monthly. payments. $8,221. $300 for groceries following our meal. plan, tweak it to your needs, $100 for. TP fund. Is there anything else you. need? [gasps]. Nails, all the good stuff. Okay, gym. Are we gymming? [clears throat]. Medical, any ongoing medical expenses on. monthly basis? Uh I mean, I have a prescription, but I. actually just got a call on the way up. here I cuz I had a bunch of biopsies. done cuz I have basal cell, all the. cancer stuff. Um so,

You said you're healthy. I am healthy, but I do have to get my skin I I get my. skin checked, yeah. So, but they and I. just went it had been 2 years since I'd. been, so I have to go have a procedure. and I know it's going to be even with. insurance probably a couple thousand. dollars. Okay, but no no no ongoing medical. bills. No ongoing, it's $10 a month for a. prescription. Phone bill if it was just. you. Um if it's just [clears throat] me, uh I don't know, maybe 150. Do you own.

your phone or do you owe on it? Oh, I. owe on mine and on hers. When you're. done, switch to Helium, 15 bucks a month. I think. Huh. [gasps]. Same towers as T-Mobile, okay? Saves you. money. But, you have the phone, so you said. like 150. You need to pay it off first. Yeah. Yeah. I know they have something like a. special application that you can win. where they'll pay off your phone, but. Pets, Do you have pets? Yes. How many?

One. What? Uh he is a black lab. Name? Pet insurance? No, I don't have pet. insurance. Get it. Okay. Guess what? Would you like to guess how much my vet. bill has been. at the emergency vet for these last. couple weeks? 5 to 10,000. 30. Oh my gosh. Get pet insurance. You can't afford it. Is your dog okay? I can't afford it. I will hopefully find. out soon. Okay. But if I did not have pet insurance, uh that's a lot of money. Yeah. Luckily. pet insurance helps a lot. Does it? Oh, yeah.

Okay, good. 25 bucks in there for you, I think. How much for dog food? Uh 70. Yes. [sighs]. Our furry pets are expensive and they. love to do dumb stuff. She had a little. part of a toy. Little part of a toy. Oh. It's all it was. It's all it takes. Boom, $30,000 if you don't have pet. insurance. Oh my gosh. Yep. So do it. Luckily the vets have been incredible. and everything, so Yeah. but still. you never know what they're going to do.

and you're not just going to let them. No. suffer, so. No, I know. It happened with my. daughter's dog, so. Exactly, so have the money or be just. prepared. Anything else I need to put in. your life? Um Ongoing. We got car insurance. Uh Obviously future taxes. Yeah. Um Cuz. you will have to file for the last. couple years and this year. There's a I mean, I know there's a. couple of subscriptions that I have for. work like Adobe and there's a.

Okay, well you can write those off. Don't worry about those. Yeah. Don't. worry about those. I think Adobe and QuickBooks. business expenses? Yeah, how much? expenses are low. Um. I mean, 100 bucks a month. I mean. Cool. I'll minus that. I mean, not. deducting, you know, like internet and. all that sort of thing. make about 10,500 after you set aside. money for taxes. I'm going to say after. business expenses, you make about. 10,000. Okay. Um. Let's see how much you need to survive.

I think we're about to quickly find out. why you're not paying taxes. You say I can help you. There's is just. a math reality, and we've already. surpassed the math reality. Fun fact, as. you probably already knew, and that's not something I can solve. with a magic wand. It is going to be. a few options that you can do. And this is without you giving her. anything, by the way. Oh, there's also. tithing. Sorry, I do That's on there.

That's 400 a month. Okay. Well, fun fact, I mean, without. that, it costs 12,267. 2 12,269 dollars to live. Save money for taxes, you can't. And. even if you're not saving money for. taxes, you barely can. [laughter]. So, you're not. Yeah. Uh the tithing. thing, isn't. isn't that all Is it more about if you. can? Like, you can't. Your payments exceed.

what you have. Tithing is supposed to. come first. First, their first 10%. I'm. not doing my 10%. So, the tithing is I'm. not doing 10% cuz that would be I mean, 1,000 bucks a month. it say in the textbook? Did it say. Did it Did it Did it say if you could. afford it? No, I I I As my understanding and is. that you do that first. So, if you end. up going If you end up going bankrupt, God will provide for me. Okay, I guess. that's the thumbs up. So, go bankrupt.

But, I will Once this. Well, let me say this. Once the the. payday loan is paid off, that's going to open That's going to. make a big difference. I know that was. huge. No, but you're still going to be behind. by. uh. uh Cuz that's 2,500 a month. Yeah, you're going to still be behind by. $5,000. Is is better. Sorry. Sorry. Sorry. $3,000. Yeah. But, that should help. be behind by $3,000 means you need to go.

make an extra practically $5,500. cuz you're going to have to set money. aside for taxes. So, that's your. solution is just to break even you need. to go make an extra $5,500 now. Actually, about $7,000 now because of. the payday loan. You need to go make. that extra money and set aside money for. taxes. That's the immediate action. Or. honestly, the more realistic, dude, we. went through 1 2 3 4 5 6 7 8 9 10 11 12. 13 14 15 16 17 18.

19 20 21 22 23 24 25 26 27 28 29 30 31. debts. Went through 31 debts. None of them. small. Only one under a thousand. No. There's a. four under a thousand. Five. Five under a thousand. Everything else is over a thousand. Many. over 10,000. Yeah. Um. So, like today.

include the tithe in and you pretty much. have to go make an extra $6,000. regardless of the payday loan. $6,000. And I do have one client, and I know. this irritates him, that I haven't. billed in several. Bill! billed in several months. Bill! I know. I have to bill them. Um I'm going to guess that they probably. owe me about 15 by now. Bill! Yeah. I wish that even made a dent. in your situation. You owe. $400,000 in bad debt. None of it's good.

Not a single debt in here that's good. Why haven't you billed them? Um. I just their billing system and I've. gotten used to There's no excuse, really. I mean, I just haven't done it. I I've They're a new client and so I've. had these others for so long that I'm. like, this is what I'm used to making. I. just need to do it. It's been just going. in and doing it. If we're going to do. the tithing thing, which I. just Okay. Okay. You know, that's just a. part of you in your life. That's not. something. like a credit card or something. It's.

not something that we can just take. away. That is a part of you. Um it's it would be impossible, you. know, for me to have a realistic. conversation around that. You need to go make the extra money. If. you're going to tithe $500 a month, you. need to go make an extra $500 a month. It's as easy as that. Okay. Okay? Okay. Now, you're just going. to have to go make it. And I got like today, um. I had a an extra project this month, so. I had an extra 7,000 this month, so. Which is great. That needs to be every. month that I'm basically a minimum. Cuz.

that needs to be every month at a. minimum after setting money aside for. taxes. That's still only going to put. like, what? An extra $1,500 towards. taxes? Okay, cool. So, or an extra five. four an extra $1,500 towards our debt? Cuz I was only trying to get you to. break even. So, okay, cool. Cool. Cool. An extra $1,500 towards our debt. Let's. see. Let's just do a little math. Takes. you 266 and a half months to pay off. your debt in that case. Um okay, that. takes 22 years, and that's without. contributing extra to retirement. So, all of a sudden that gets us to 72, and.

we [snorts] have. basically no retirement. And but at. least we're debt-free finally. Like, [snorts] that can't be an option. No. I think it's bankruptcy. Yeah. I think it's bankruptcy. It's. bankruptcy or your business essentially. doubles. Yeah, and there's not enough hours. in the day. Can you bring someone on? Like, I I don't know how the structure. of yours works, but I don't know. If. there if there's not enough if there's. not enough hours in the day because. there is so much business, then usually.

for a business that suggests then it is. time to bring on someone else cuz. they're able to provide more value to. the company than they suck. Yeah. No, and and that's that's a possibility. I. mean, it definitely is. It's just going. about it because if I hire someone, they're going to want to make about like. what I make if they're at the right. level. I need you to start having some. conversations. One, conversations with one collecting. that billable hours. Two, with the extra. try to see if you can get your money. from the sell sold house. Three, might want to talk to just talk. to a. a bankruptcy advisor and bankruptcy.

lawyers just to see what your options. are around there. Three, sell everything everything everything. But that's again, all these little. things they still don't even put like a. dent in it. Even if we're fully. following the method from the boy over. there, you selling everything going crazy. everything you probably make a dent of. like a hundred thousand even still it's. just three hundred thousand which is. going to be so. you're so far behind in retirement that. I almost need that to be your focus and. even bankruptcy how much is going to be. discharged we don't know and then. there's the student loans. So it's like.

[snorts]. And student loans are 25 years that I've. been paying on them. Sit down with the. people at Domain Money. They're our. boys. I need you to sit down with. someone there and with multiple. sessions. I need you to go through the whole. process. They might have. a solution. But this is too extensive for the show. You can work your up but even if you. work your up and bring that extra 7,000. hours a month home like you did this. last month, 22 and a half years to pay. off all your debt.

while living on basically nothing. It's. bankruptcy might be the play. And I hate that. I hate that cuz it's. expensive, it's stressful. You already. have enough stress in your life you're. taking gummies just to sleep. Like I. don't want that extra stuff on your. plate cuz I wouldn't wish that on. anyone. I wouldn't wish that on anyone. All right. [snorts]. It also doesn't feel good like on my end. to. just not pay it. Believe it or not. No, of course. I get it and I get it. But I'm just thinking that $400. that $400,000 if I just open my Moomoo.

brokerage and I just bought the S&P 500, what that $400,000 would be worth in 22. and 1/2 years. Be wild. Yeah. This is where we are. I need you. to do those actions. It's the solution from this show. Yeah, you can put all those actions in. The. selling everything, getting the money. from the ex who sold house, collecting. that $15,000. Maybe even get an employee if that's. something that's even possible in your. business. I I don't know. If there's. really not enough hours in the day for.

the business that can be done to make. more money. Even still, we're probably only making a. dent of. 75,000. Which unfortunately for your situation. is unfortunately just not even. substantial, which is crazy cuz that's a. lot of money. Um. but as you start tackling these debts, you know, of course there's just more. and more money you have left on a. monthly basis, but it still takes 22. years to pay off just about. From what we've been able to do in 2. hours, so. I wish this was a more uplifting ending.

I think you need to have some serious. conversations with people in bankruptcy, people in different advising areas, people who are able to sit down. not for 2 hours, but for like 2 weeks, 2. months. Yeah. This is just one of those rare. situations, and honestly this whole week. of when this is being uploaded. of just thick stack week, whatever it's. called. They've been the unique rare situations. in this show where the path forward has.

many angles, and none of them are good. Yeah. But it is the situation you got up. to. got into, and I will say. if you continue down the path of what. got you in the situation in the first. place, there will be no hope, and all of. it will fall on your children cuz they. will have to take care of you, and that. is unacceptable. Right. No, I agree. I agree. Let's rev up your daughter cuz we're. about to have a hard conversation with. her, and I'm going to yell at her if you. We'll do that in the post show. Make. sure you guys join that link in the. description below and get watch all our.

extra shows we have as well in the. members. Spending your budget, you. overspend zero out of 10. Debt, zero out. of 10. You have collections, emergency. fund, you don't have anything in. savings, zero out of 10. Retirement's. dramatically behind for your age. I'll. be generous and give it two out of 10. Real estate, zero out of 10 for now. Get. that money. Uh hammer financial score rounded up, [music]. 0.5 out of 10. Make sure to check out. our investing and. our budgeting programs which are bundled. together at a 15% discount. Link in the. description below. Now join us for the. financial audit post show. Today on the. financial audit post show. We're going.

to call your sister here in a bit. Hi. I. have a little bit of news. You're. not going to spend on the Target card. anymore or the Walmart card. You're also. going to pay for your own phone bill and. car insurance because you make a lot of. money for your age and you're a grown. adult and not a baby. I don't love. whenever I'm used as a scapegoat for it. She says she asked three times a month. To watch the financial audit post show, click the join button below.