E-Girl Is Going To Die In Poverty, Again

Summary

Financial Audit with Caleb Hammer

Episode Title: E-Girl Is Going To Die In Poverty, Again
Date: October 9, 2023
Host: Caleb Hammer
Guest: Adriana Lee

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Episode Overview

This follow-up episode checks in with Adriana Lee, a 23-year-old content creator based in Austin, Texas. She returns to discuss the progress—and setbacks—she's experienced since her last appearance, particularly regarding her income as a streamer and influencer, persistent credit card debt, and efforts toward improving her financial habits. Caleb offers tough love, practical advice, and a breakdown of what’s standing between Adriana and financial stability.

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Key Discussion Points & Insights

1. Income Fluctuations and Sources

• Adriana’s Multiple Streams:
  • Twitch, Kick (streaming platforms), Instagram Reels, and contract work.
  • Lost a significant Fanhouse income stream after it was shut down; is now transitioning to Passes.
• Monthly Income Variability:
  • May: ~$6,769
  • June: ~$10,484 (high due to extra work & support)
  • July/August: ~$4,000-4,500 (Fanhouse loss, vacation time off, work interruption)
  • September: ~$9,000 (Fanhouse relaunch as Passes & contract work rebounded)
• Quote:
  • “As a content creator, you’ll have, like, people who want to support you and then they’ll like go away…they’ll show up, drop a big donation...and then they disappear.” — Adriana, (02:23)

2. Debt and Spending Habits

• Outstanding Debts:
  • Apple Card debt: $7,162, high-interest (24.24%).
  • Car loan: ~$11,000 at 8%.
  • Several credit cards, some paid off, others being “snowballed.”
• Recurring Spending Issues:
  • Frequent small charges: fast food, drinks, recurring Apple Pay charges.
  • Continued discretionary buys (furniture, food delivery, trips, Uber) despite persistent debt.
• Quote:
  • “This is the card that’s supposed to be snowballed, but you’re adding money to it…You’re going every second of your life.” — Caleb, (10:22)
  • “If you’re gonna follow the snowball, don’t spend on it.” — Caleb, (13:40)

3. Lifestyle Decisions

• Relocation and Increased Expenses:
  • Moved from a small 2-bedroom to a house primarily for content creation; increased rent, furniture costs, moving expenses.
  • Justifies move for personal comfort and business needs but faces skepticism from Caleb.
• Justifications vs. Reality:
  • Adriana admits to prioritizing comfort and content opportunities over strict debt payoff.
  • Caleb challenges her to delay gratification for faster debt freedom.
• Quote:
  • “I am working at my own pace and I’m also living in a comfortable environment...” — Adriana, (21:50)
  • “You'd rather have a little temporary fun now instead of getting rid of the debt aggressively and then being able to live up your life?” — Caleb, (43:02)

4. Content Creation Challenges & Mental Health

• Niche Content & Creative Burnout:
  • Adriana's niche: Omegle + bar interviews; yearns for more creatively fulfilling content.
  • Delayed launching of her passion project (“Drinking with Dreary”) due to financial/budget constraints.
• Coping with Public Criticism:
  • Internet negativity, misogynistic comments, and the challenge of reading criticism as a female content creator.
  • Adriana’s therapist advised her to avoid reading comments for mental health.
• Quotes:
  • “It’s like you put down the content creator wall and just talk like people...that’s the point of my show...” — Adriana, (25:35)
  • “The comments I’ve gotten… most are very misogynistic…” — Adriana, (28:57)

5. Financial Plans, Budgeting, and Tough Love

• Tough Budgeting Reality:
  • Caleb calculates Adriana’s budget, showing she could pay off major debts rapidly (4-9 months) if she halts excessive spending.
  • Calls for building a 9-month emergency fund post-debt payoff; at least $30k for her variable income situation.
• Advice Highlights:
  • Stop putting recurring expenses on cards you’re snowballing.
  • Always keep at least $1,000 in checking to avoid overdraft/late payments.
  • Set aside at least 30% of income for taxes as a self-employed content creator.
  • Don’t finance new lifestyle upgrades until bad debt is paid off.
  • Business-related expenses are acceptable, but all personal wants are delayed.
• Quotes:
  • “You’re elongating your own pain in your own situation. That’s what you’re choosing to do.” — Caleb, (43:02)
  • “You can get there. Let’s get there quicker by not putting balances on our credit cards.” — Caleb, (31:23)

6. Investing and Emergency Fund

• Investments:
  • Adriana still holds $4,000 in S&P 500 via Robinhood, despite higher credit card interest rates.
  • Caleb argues for liquidating investments to accelerate payoff, but Adriana's risk-averse.
• Emergency Fund Plan:
  • Caleb insists on nine months’ living expenses in a high-yield savings account for financial security and creative freedom.

7. Support, Follow-Ups & Community

• On Asking for Help:
  • Adriana avoids asking Caleb for personal help outside the show but is encouraged to do so.
  • Caleb stresses ongoing support for all guests, not just on-air.
• Handling the Audience:
  • Caleb and Adriana discuss the evolution of the audience, criticism, and why showing vulnerability matters.

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Notable Quotes & Moments with Timestamps

• On Recurring Spending In Debt:
  • “You’re spending so much money on a card that you can’t even pay off.”
    — Caleb, (13:16)
• On Prioritizing Wants Over Needs:
  • “We wait till we’re out of debt to get furniture. It’s a want though, the extra furniture. Because you had the furniture you needed.”
    — Caleb, (10:05)
• On Lack of Urgency:
  • “It doesn’t really put me in a state of anxiety having this debt, because I know…eventually I’ll be able to take care of it.”
    — Adriana, (26:51)
• On Changing Content Niche:
  • “I want to do content that makes me feel more fulfilled on a creative level.”
    — Adriana, (25:19)
• On Budget Potential:
  • “You easily have $5,500 left on a monthly basis… In a month and a half, the Apple Card is done.”
    — Caleb, (49:16)
• On Community and Support:
  • “Don’t set you up for success. No one’s ever gonna be perfect. But when we say that out loud…swipe, swipe, swipe.”
    — Caleb, (31:27)

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Timeline of Important Segments

• 00:00–02:23 — Adriana’s income overview & content platforms
• 02:23–04:25 — The volatility of creator income & impact of Fanhouse shutdown
• 06:26–10:00 — Moving, credit card rationale, and lack of an emergency fund
• 10:00–13:30 — Spending analysis: misuse of snowball method, food/drink splurges
• 14:00–17:30 — Discussing paid-off cards, recurring charges, and autopay confusion
• 21:50–24:03 — Adriana justifies move and new expenses; Caleb applies tough love
• 25:19–26:54 — Discussing content niche, creative aspirations, and how debt impacts ambitions
• 28:57–30:47 — Addressing misogyny and criticism in creator audience
• 33:03–34:27 — Checking account scrutiny, more discretionary spending flagged
• 41:14–43:02 — Budget report: food/dining out is 10% of spend, pain of debt slow-down
• 49:00–50:39 — Concrete budget: with spending cuts, debt could clear within months
• 51:11–55:25 — Discussion of Robinhood investment, building an emergency fund, and how to handle “real emergencies”
• 56:08–57:59 — Content creation anecdotes, Omegle, and creative business risks
• 58:42–End — Closing thoughts, next steps, and scoring Adriana’s financial health

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Summary Table: Adriana’s Current Financial Picture

| Category | Status | Caleb’s Score (out of 10) | |-------------------------|------------------------|----------------------------| | Budget & Spending | Messy/Needs Work | 1 | | Bad Debt (Credit Cards) | Poised for payoff | 2 | | Emergency Fund | Minimal (~half month) | 1 | | Investments | $4k in S&P 500 | 1 | | Real Estate Ownership | Renting | 0 |

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Overall Tone

• Direct, tough love: Caleb doesn’t sugarcoat, repeatedly calls out wasteful spending and challenges Adriana’s justifications.
• Candid, humorous: Both poke fun at themselves—Caleb for being introverted, Adriana for occasionally neglecting basic finances.
• Supportive: Underlying the banter is genuine care: “I want you to have more creative freedom… You can get there. Let’s get there quicker.”

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For Listeners

This episode shines a frank light on the cycles of a young creator’s inconsistent income, emotional challenges, spending rationalizations, and the practical path out of debt. It’s a candid, sometimes raw but ultimately supportive review of financial choices, with advice relevant to any freelancer, gig worker, or content entrepreneur.

Takeaway:
No matter the income, financial progress demands discipline, honest self-reflection, and a willingness to delay gratification. Support and accountability, even when uncomfortable, are vital for long-term security and creative freedom.

Transcript

[A]

Hi, I'm adriana Lee. I'm 23 years old and I'm based in Austin, Texas. And this is financial audit.

[B]

So this is a follow up episode. You don't have to see the other episode. This is just going to be like any other financial audit other than I'm going in more blind because I like to go in blind on follow ups and see just how you've done. Now I am in a little bit of pain as the Apple card, which is like, I don't have to look very hard to see what this is. $7162 on an Apple card. But last time there was like a weird tax situation of just not paying taxes, saving up for taxes, and then you're in a lot of debt and you were spending so much money on just. You just like bad stuff.

[A]

Yeah, that is true. But I have done my taxes.

[B]

You did your taxes?

[A]

Yeah.

[B]

You did your taxes. How was that?

[A]

It was good. It was a little bit confusing, but. And it costs a lot of money to get done, but yeah, that's okay because they're finally done.

[B]

You paid a CPA to do it.

[A]

Cool.

[B]

How are you preparing for this next year? Are you paying quarterly?

[A]

No.

[B]

Okay.

[A]

But I probably should. I don't know too much about taxes.

[B]

Well, how many years have you been claiming this as your primary income and everything? You're a twitch streamer.

[A]

Yeah, I'm a twitch streamer. Linked in the description, but I also stream on Kik and I post on every social media. I'm like an influencer everywhere, I guess.

[B]

And not. What's it called? It's not fansly.

[A]

No, it's. It was Fan House, but it recently shut down, which was a little bit of a crisis for me. But it rebooted as passes. So it's the same thing, but it's just under a different name.

[B]

Okay, how much money are you bringing in on average on a monthly basis right now?

[A]

Let me pull my phone out because I have my. It's really like. Because May is when I first. When we filmed the last one and I made in total because I also have other streams of income. $6,769. And then in June, I was bawling a little bit. I made $10,484.

[B]

Very nice.

[A]

But then in July I made 4,000.

[B]

What happened? So half. What happened?

[A]

I don't know.

[B]

No, no, no. Where the income source get hit the most?

[A]

Well, in July, this was. I still. Fan house was still a thing. It's just sometimes like we'll have people like as a content creator, you'll have like people who want to support, you know, and then they'll like go away. Like they'll show up, drop a big donation if it's like on Twitch or show a lot of support on Fan House and then they like disappear.

[B]

And if you want to support. I'm not asking for money, I'm just asking to hit that subscribe button. We're trying to get to 750,000 subscribers. Let's go.

[A]

Yeah, but didn't you say you're gon streaming?

[B]

I've, you know, I've, I've thought about streaming. I'm trying to justify, especially if it's like Twitch, you know, I could stream on YouTube. I'm not as educated on that. But if I stream on Twitch, you know, it's a 5050 split and I know the time, you know, versus the money. Like plus my team's already working, you know, full hours. Do they work more? I don't know. I. I love connecting with the audience in different ways. We're trying to figure out the best way to do it.

[A]

That's why I stream on Kick. Cause that you get 100% of what you make.

[B]

I struggle with the gambling aspect.

[A]

Yeah, but you don't have to gamble.

[B]

No, I know, I know because I don't gamble. I'm a little torn on that.

[A]

Torn.

[B]

Torn.

[A]

But Twitch used to have gambler 100%.

[B]

Either way their owners gamble again. Torn. I'm not 100. I'm not like anti. But I'm also not pro.

[A]

We won't get into the Twitch versus Kick debate.

[B]

No, sure. Because I'm honestly just not really educated on it because it's not my platform anyway. But so of the income sources that come in, what took the hit that decreased your income by 50% that month? Fan House.

[A]

Yeah.

[B]

Okay, so Fan House dropped by like 5,000 subscribers or $5,000 in terms of like.

[A]

And I took a vacation that month. So I wasn't really like working cuz I took like a week long vacation to Mexico which was paid for by a family friend. So um, that's another reason I was like away from my computer all the time. I wasn't really like staying on top of like replying to people or streaming or whatever.

[B]

I. Vacations are good and I think everyone in normal jobs are vacations and we're doing like a week vacation here shortly. But like am I gonna be really on vacation? It's hard to say. I think when you're in the social media Space. Content creator space. I unfortunately don't think in the grind that there aren't vacations. That's why I'm not saying that as like, I want you to work, you have to work. I'm just being a realistic as of being in this position.

[A]

Oh, I know. And I. I've had like, videos scheduled during my vacation because I try to keep YouTube consistent at least. And like my reels, obviously, because I do Instagram reels. It's like my main short form content that does well.

[B]

Okay. Oh, very nice. Yeah. Okay. So then we went to August.

[A]

August is also 4,500.

[B]

Not a good trend.

[A]

But then recently.

[B]

Yeah. How's September been? So far?

[A]

I've made 9,000, but very good.

[B]

Where was the bounce up?

[A]

But I also have, like, contracts that I can't really talk about right now with certain platforms. And I'm also doing like, contract work as well. And so what.

[B]

What made up the additional 5,000 though this month so far? So 4,000 last month passes. Okay. So now that that's back up and running, people have converted pretty well to yeah.

[A]

And my contract work, so. Which I can't say because I already asked. I asked them like, oh, am I allowed to talk about this? And they're like, no, because.

[B]

No, no, no. We don't have to say who it is or what it is. Are you allowed to say financially what you might benefit?

[A]

Yeah. Like, my contract work that I have right now, I make at least $1,000 extra a month.

[B]

Okay.

[A]

And then it's not very much.

[B]

Hopefully it's not using a ton of your time.

[A]

And I'm doing a partnership with passes as well.

[B]

Oh, good.

[A]

So.

[B]

Oh, that's good.

[A]

So, yeah.

[B]

So it's been about. It's been like six months.

[A]

What?

[B]

It's been like six months, huh?

[A]

It was May last time I was here. May's not six months.

[B]

Okay, it's been like four months. Yeah, four or five months.

[A]

And also I moved, so I even.

[B]

Sell four or five months. Why is this? Credit card.

[A]

No, listen to me. Before we get into this, I moved. And you know how much everyone moves.

[B]

I've moved every single year of my life since I've left high school.

[A]

Really?

[B]

Yes.

[A]

Don't you hate it?

[B]

Yeah. Well, except for when I was in my condo. That was the first time where I stayed somewhere for more than a single year.

[A]

Yeah, but you, like, own your places and.

[B]

Well, that's only recently. And still for 10 years, though, since leaving my house, every single year, I moved at least once.

[A]

Okay. Because Moving with like. Like having to pay like the first and last month rent and then the security deposit and then I have cats, so the pet deposit and then you have to. I hired movers to help me move.

[B]

You didn't have to. Oh, you didn't have to hire movers though.

[A]

I did.

[B]

Why?

[A]

Because I'm only me.

[B]

You have friends here. I know you have friends here. I'm seeing your friends here on Friday or Saturday.

[A]

My cute little girlfriends around here that are not gonna lift stuff. And you know you have. You haven't seen my any buff muscular men gonna. Unless you were trying to.

[B]

You didn't ask me. I'm not buff or muscular.

[A]

But you didn't even ask me move.

[B]

Well, no, but you didn't ask me.

[A]

Exactly. I know you would and you're busy and my other guy friends are busy.

[B]

Busy and fat. But you could have asked. I would have appreciated and ask.

[A]

I'm not gonna. I feel about asking for help.

[B]

No, no, I'm kidding. But okay, okay, okay, okay, okay. Yes, yes, yes. And that's why we have money to be able to pay it even still after five months. You know, we talked about having savings on the side, stuff like this, you know, getting like a one month emergency fund. All those lovely things of which can help. Can help offset that.

[A]

Okay. Yeah.

[B]

You did not do.

[A]

I had saving. I had more savings than I do in this pile. But I use them to pay my. Because I had to pay double rent for one month.

[B]

Yep.

[A]

So I had to use it which.

[B]

Okay, perfect. Like that's what I If expense like that comes up, that would be good. But why is the credit card debt. Why are we at 7162 horrible debt dollars?

[A]

That's in my snowball. That one's next.

[B]

So what walk us through where you've been in the last five months in your journey.

[A]

Then I paid off three of my cards out of five and that's one of my biggest cards. And it's not paid off yet. It's my second to last snowball.

[B]

And do you have a one month emergency fund?

[A]

Currently, no, but I have half a month.

[B]

I get to a month because it's just risky. It's dangerous because actually I have eventually I want you to be like a 9 to 12 month emergency fund because you're like a business owner and on the content creation side, it's so ebb and flow. If you've seen. So I want. That's like, that's what I have and I want you to have that as well. So that you're safe on the side. I want you to at least have a one month emergency fund before we start aggressively paying off debt.

[A]

Okay. Oh, also, I wanted to mention I also spent a lot of money recently on furniture to furnish my house.

[B]

You did not have to do that.

[A]

I don't want to hear it from you because I saw your financial audit and you financed all your finances.

[B]

Yeah. Cause I can afford it though.

[A]

Yeah, but you know why?

[B]

Finance. I'm not against financing. Financing is a great tool for those who can leverage it. I used it because Instead of dropping 15 down $15,000 in the moment, I invested it and I'm paying it off before the 0% kicks in. You. We are in bad credit card debt with interest accruing. Just dealt with a tax situation. Have a half of a month emergency fund. Half of a month emergency fund. And you went and got furniture. That, by the way, you hired movers to move furniture. So did we really need to go like.

[A]

Yeah.

[B]

Why do we need new furniture though?

[A]

You gotta use furniture. I went from a small two bedroom to a house.

[B]

Okay, so we wait till we're out of debt to get furniture. It's a want though, the extra furniture. Because you had the furniture you needed.

[A]

I guess so, yeah. But I wanted other furniture. And I've been a little. I've been savvy about it because I too savvy.

[B]

What is this? You've gone from 6800, I've been $67 to your previous balance to now 7482. A card that's supposed to be snowballed, but you're adding money to it. How you went from 6,800.

[A]

You know why? Because I'm still paying off my iPad.

[B]

No, that's not why. Because there's Apple Bill. Apple bill, Tropical smoothie, Taco Bell, Apple Bill, Tropical smoothie, Tropical Smoothie, Apple Bell, Tropical Smoothie, Tropical Smoothie, big cartel thing. And okay, Lemon insurance. That's fine then. Apple Bell, Tropical Smoothie, Apple Bill, Apple Bill, Starbucks, Apple Bill, Apple Bell. What are these Apple bills? $10, $15. They're like Apple pay, swiping out using buying stuff online with the Apple credit card. You're gonna kill me. You're gonna kill me. You made it sound. And this is the first time I'm seeing this page and there's a hair stuck in my tongue. I apologize. This is my first time looking at this page. I didn't even know this was coming, but I was feeling it coming. But you set up the expectation.

[A]

This isn't awesome.

[B]

That was like. What do you mean? Of course we're looking at your most recent 30 day statement. You can't just change things for two days and call it good. I can't diet for two days and say I'm on a diet and I'm doing well.

[A]

I actually do have something for you here. I think you'll like it.

[B]

But you spent money on this.

[A]

Yeah, but that's okay. I don't want the other one. I got some for myself in the car. One's chicken and one's steak.

[B]

I guess I should see what this actually tastes like. I've never had one.

[A]

You've never had one?

[B]

I'm 711 now.

[A]

Really? They're so good.

[B]

Okay. It's delicious. And I would destroy the whole thing.

[A]

See? Are they not worth it?

[B]

No, not when you're in debt.

[A]

What if you're hungry.

[B]

Then you make.

[A]

A. I actually did make a sandwich before I came here. It was with cheese and spinach and onion and meat.

[B]

I mean, you make the same as you want to make, but you also went to Starbies and all these $10, $15, $9, $9, $5, $17, all these Apple things. So I don't even know what they are.

[A]

And I don't even know.

[B]

That's bad. That's bad.

[A]

And I know. But guess what?

[B]

Cause you're going every single second of your life.

[A]

I also been trapped.

[B]

Kick to it.

[A]

Yeah, I also have been.

[B]

I cancel eats.

[A]

Well, I cancel a lot of subscriptions, too.

[B]

These are not all subscriptions, though. I thought maybe they were. Yeah, but like, unless you have like 30 subscriptions, I don't know. This is you swiping your Apple card or doing Apple Pay, and it's coming up as Apple Bill. You're spending so much money.

[A]

That's what it comes up as. That makes sense then.

[B]

Yes. You're spending so much money on a card that you can't even pay off.

[A]

Yeah, that's true.

[B]

24.24% interest rate.

[A]

Oh, I didn't know that was included in this.

[B]

What do you mean?

[A]

Like, I didn't know this page was included.

[B]

No. Yep. There's your finance Apple. Finance Apple. Finance Apple.

[A]

But yeah, that's just the last of my snowball.

[B]

I know, but you're spending on it. If you're gonna follow the snowball, don't spend on it.

[A]

Okay.

[B]

And also if you're in the snowball trying to get out of debt, we're not going to smoothies every day. We're not going to Uber Eats. We're not.

[A]

Also, I have something to say. August was also hard because that was my first month switching from fanhouse to passes. So I didn't have a lot of money at the beginning of August.

[B]

So you put it all the food that wasn't ne. There wasn't a single necessary purchase down here, so you cannot justify that.

[A]

There has to be one.

[B]

What?

[A]

There has to be at least one necessary purchase. Let me see.

[B]

Lemonade. Lemonade. Insurance.

[A]

Yeah.

[B]

One. The rest was two.

[A]

Cause I have two charges.

[B]

Yes. Uber Eats. Uber Eats. $143 was squeezed from you. Squeezed from you. In interest.

[A]

Yeah. I'm not proud of that.

[B]

We're having this conversation because I'm your friend. I am going to your birthday. My introverted being dragged out on Saturday.

[A]

And I'm here to learn.

[B]

You're here to learn. And this is the conversation I wish someone had with me a decade ago when I was and I'm doing it in the exact same way. Tough love. That works for me.

[A]

So my dude, I'm getting a lot of tough love from your comments.

[B]

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[A]

Someone came on because I watch your channel. Obviously I came. I originally came to your channel and came on the first time Because I watched your channel for like a minute and I was like, oh, he's from Michigan. I'm from Michigan and I live in Austin. Anyways, besides point, that's how I found you in the first place. And then I saw someone else go on your channel that was like. Everyone's been so supportive and helpful in the comments. Y' all are mean to me.

[B]

You guys should always be nice because you're a for coming on, trying to get help, giving us an update, putting your situation on display other people are going to relate to. So everyone should always be nice. There should be a positive, supportive area in the comment section. But I know it's hard. I know.

[A]

And it's okay. I'm a content creator. I'm used to it.

[B]

But yes, the Internet is full of faceless, nameless, and that's something that is unfortunately impossible for anyone to control. But what's the minimum payment on this, by the way? Oh, 294.

[A]

Oh, yeah, it is high on that.

[B]

I forgot losing so much money on that interest. Dude. Hello, Adriana. Oh, so this one's paid off. We have a paid off one. How does that feel?

[A]

It feels good.

[B]

Yeah. That's awesome. That's really good. So when was this paid off?

[A]

Well, I did pay it off the. In June, but then I used it again, but I paid it off at the beginning of the month.

[B]

You pay it off every time. Does it ever accrue interest?

[A]

I don't think so.

[B]

There was no interest charge. So, you know, I'd be nervous with where you've been to do credit cards and stuff like that, because you could easily fall into a trap.

[A]

Wait, this is different. This is American Express.

[B]

Yeah. So. Oh, I can't see the interest.

[A]

I don't think so.

[B]

Almost kind of tastes like a hot pocket.

[A]

Yeah, it does. So you came back to that.

[B]

Okay, I. Yeah. So I'm nervous about credit cards with you. Nervous, obviously, but well done.

[A]

Thank you.

[B]

This is good. This is. We can celebrate this.

[A]

This is fantastic. We're celebrating with the Taquito.

[B]

Yeah, the taquito, absolutely. I don't like that you spent money on it, but it's okay. It was like goofs and gags. I get it.

[A]

Yeah. It's a business write off. It's in the video.

[B]

So the Amex?

[A]

Yeah.

[B]

New charges 293. It's your last snowball. But why are we putting money on it? Why are we putting money on it?

[A]

Because a lot of things are, like, already hardwired to auto pay to that change It.

[B]

It takes two seconds of your life.

[A]

I know.

[B]

Okay so.

[A]

But I'm also scared because.

[B]

Go on.

[A]

What if I auto pay a bunch of things to not have credit card and then I go under like. What's it called? Overdraft. What if I auto pay things to my debit card and then it.

[B]

No, no. It's because you always. I would always have a thousand dollars in your checking account.

[A]

Okay.

[B]

What?

[A]

That's not the case right now. I have like 500 as of today.

[B]

Okay. So I would just try to get to a point where we have thousand dollars in your checking account.

[A]

Okay.

[B]

The minimum payment on this.

[A]

I'm trying to figure out the minimum monthly payment. Last time was expensive because you're going to be mad. It was $300 over the limit.

[B]

Why?

[A]

But I just paid it off.

[B]

See, See that's. You may as well overdraft at that point.

[A]

Overdraft would be worse because Clear. Why? Because I did this. Clear. It does every year. Yeah. Where you go.

[B]

I know. But if your balance was right there to begin with. Dude.

[A]

Because it got charged yearly. I didn't prepare for that.

[B]

There just shouldn't. You should. But all these other ones that are on here anyway shouldn't be there. Oh.

[A]

You know why Clear is on there? Because I got an American Express deal where it was like 50% off the first year if you use your American Express card. So I was like, okay, sure.

[B]

Cool. That's great. That's awesome. But we still have Prime Video. Another prime thing. Amazon prime and your Google Storage on here. Again, if we didn't have these reoccurring charges on here in the middle of payments would release be slowly paying this down. And then maybe at that point when a 259 charge comes in. Sure it'd bring it up. But would it go over the balance? Maybe not. I don't know.

[A]

Yeah, that's.

[B]

But you're. You're putting on here dude, that. So what's your minimum monthly payment on this? Because I can't. I can't see it.

[A]

I would say like 300.

[B]

Okay, we'll say 300 and I don't know how much. Okay. The intra. Yeah. Okay. So what do we have here? Customized Cash Re World.

[A]

This is my first ever credit card.

[B]

Current balance and negative. So we're paying. Thank. Good.

[A]

Because I had to use it a couple times. So I paid it right away. That's why it's beautiful.

[B]

Which is great. Which is great. I still don't think. Well, we have those other debts that we should be doing UberEats, Hulu, Amazon, Amazon, Amazon, Amazon, Amazon.

[A]

Well, I was furniture.

[B]

I don't think we would be getting furniture, as we've clearly discussed.

[A]

I got it from Amazon. It was cheap.

[B]

It was money. And you were overspending on a credit card that you already. If we can't pay off credit cards that we have, we are not getting things we don't need. Especially all that bull running on the Apple card was.

[A]

Well, once you see my place, you'll be like, damn, for real. I promise. It's really well furnished.

[B]

Congratulations. One, I don't care about that kind of stuff. And two, it's like, I would rather you be out of debt every single day, every single day over me being locked up.

[A]

But I also feel like it's like I'm living like I'm working at my debt on my own pace. Cause I've already. I've done. Okay, listen.

[B]

Your own pace.

[A]

Okay, let me finish. So I am working at my own pace, and I'm also living in a comfortable environment of my house because it was all empty and not comfortable. And what's the point of, like, going from an apartment to a house if it's just gonna. I'm just gonna treat it like.

[B]

Why'd you go from apartment to a house?

[A]

So I can have more space. Mostly to make content.

[B]

Maybe you didn't need to do that yet until you.

[A]

I'm doing lifestyle content now.

[B]

Maybe you didn't need to do that. Yeah, until you were out of the bad debt.

[A]

Yeah. But I mind you.

[B]

You're. You were over the credit card balance.

[A]

Okay. But you're lucky because, like, you have, like, your niche and, like, you, like, are, like, happy with the content that you do. I do content, but I'm not particularly ecstatic about it or passionate about it. I'm passionate about my show.

[B]

Yes.

[A]

But I haven't been able to do my show because of my apartment. Such a small space, and I had it in, like, the smallest little space.

[B]

So I'm gonna push back on this.

[A]

I know. Oh, well, start with what you have is what you're gonna tell me. And I did.

[B]

Yes, and I did, too. I did, too. It was in my little dining nook in my small condo with two rented cameras.

[A]

But I waited.

[B]

And not until you could afford it, though. I only got a studio when I could afford it. You didn't. You're losing $500. No, no, no. You're losing six $700 on interest a month from the cards, and you were over a max On a credit card. Dude, this is. I'm not beating you up. This is out of love. I want you to do better because imagine you being able to fully focus on your content creation because you didn't have to worry about debt to pay off.

[A]

Yeah, I guess I just get too excited when I get passionate about a new project. So I just want to happen.

[B]

That's fair. I get that with real estate. I get that with real estate. And, you know, I made some impulsive decisions that I'm learning, you know, to deal with. None of them have been. Have negatively affected me because I'm still relatively smart about them. But, yes, I at least get that concept in the mindset around it. I'm just. We're not spending, including that furniture until we are out of bad debt. No more. Just prioritize. You're free to make any content you want to make. When you don't have obligations to a debt company. Yeah, right now you have obligations. They're holding you back.

[A]

I guess it's just like, the struggle with content creation. It's like, I talk about it. I have had, like, this niche, but I want to venture into different niches and different audiences.

[B]

How would you describe your current niche?

[A]

My current niche is Omegle and, like, what's it called? Like, improv Audience work. So I'll, like, go to the bars, and I will, like, interview people and, like, make jokes and, like, kind of, like, troll. And then I'll do the same on Omegle. I'll, like, come up with a character like, oh, I'm gonna be Weeb. So I'm like, on Omegle, like, saying all this Weeb stuff. You know what a Weeb is? You don't know what a Weeb is. You're not that much older than me. I found out after watching Old 23.

[B]

Oh, no.

[A]

And you don't know what a Weeb is? It's like, a fan of anime that's, like, kind of cringe, and they're like, yeah, you know, okay. Anyways. But that's. I just make up characters, and then I'll go on Omegle and see how people react to them. So that's what I do. And I like it. It's a creative process acting out as a character. But it's. It's just like a rinse and repeat kind of thing I do, which I'm like, fine with it. But I want to do content that makes me feel more fulfilled on a creative level.

[B]

So tell me about that. What do you want to do?

[A]

So I like production. So I really like my show called Drinking with Dreary that I haven't like, done this whole year because of the money. Really. Like, I've just paused it because I haven't done it since February because I can't really afford to do it right.

[B]

Now, which makes sense.

[A]

And I like coming up with a production and a talk show where I bring my friends on and like other content creators and we talk about like the industry and we talk about like, it's like you put down like the like content creator wall and you just like talk like people like, that's the point of my show, which I really am passionate about. And then I want to make content that is just more of the content I consume. You know, like commentary and like, like creative. I don't know. I don't. I've had. I have so many ideas, but I don't have a way to execute them yet. Yeah, but I think I should.

[B]

Don't you think you get more freedom to try those new ideas if you do not have like a $600 a month obligation to a balance you've accumulated and you continue to accumulate?

[A]

I feel like the thought of credit cards has never really hindered me because I know a lot of people have really bad anxiety of holding debts. And a lot of the comments I've seen you guys comment are like, oh my God, I could. I'm stressing over a thousand dollars and this girl has $11,000. It doesn really put me in a state of anxiety having this debt because I know, or I have faith that eventually I'll be able to take care of it.

[B]

What? There's. There's some.

[A]

And I'm working towards it.

[B]

There's some quote in the world of faith and I am not gonna get it right. But it's like faith without action is like, is.

[A]

Did you see how much I was making last time? A month or something?

[B]

I also saw you putting $1,500 on the Apple card. That's having interest get charged like crazy.

[A]

And then a lot of money on a card.

[B]

You have. You've made progress.

[A]

Time.

[B]

You've made progress. But I am not one. It's only been four months. I am not one. It's been five rounded and you rounded.

[A]

And you've told me that it's going to take years for me to even like touch the credit card.

[B]

Sure.

[A]

And I've done it. Four months.

[B]

Listen, five. I am not one person. I am not a person who, if I care about people, I am going to excuse Bad behavior, though. I celebrated the cards. You paid off. Like this card. This is awesome. This is great. Yeah, thrilled. But if we just sit here and say, everything's perfect, everything's fine. No, no. But if we don't call out, what's more disastrous?

[A]

Yeah.

[B]

I'm not doing my job. I'm doing a disservice. And I'm not doing to you what I would do to any friend or what I would want someone to do to do to me. Okay, so I get what you're saying. I do. I want you to have more creative freedom. And for what it's worth, yes, you're right. I've been incredibly blessed, and it's all thanks to these amazing people. I've been beyond blessed. But I. I kind of get what you're feeling. I'll. I'll be honest. In general, I actually really don't like this job.

[A]

I mean, that's what happens when you take a. Something that you have as a hobby and you turn into a job. It starts. It feels like.

[B]

Well, it's. It's a little different for me. I love these conversations, and I like working with my team and all that stuff. I don't like the online pressure. I don't like even. I'm very blessed to have an audience because it pays the bills. I. The number next to it gives me a lot of anxiety. There's a lot of people, and the bigger you get, the more people out there, random people you'll never meet, assume that you're some evil person who's, you know, doing whatever and all this crap and that kind of stuff. It gets to me. It gets under my bones. And I. So, no, I get what you're saying. I really do. I can relate.

[A]

It is really hard. I mean, like, the comments I've gotten on the last financial audit I was on, it's like most. They're very misogynistic, and it's very like, oh, well, she should just start an only fans or, oh, well, she'll find some dumb guy and he'll take her under her wing and put a baby in her. And I'm like, why are these things that's like quote for quote when I just read recently, but it's like. It's like to the point where my therapist told me to stop reading the comments on the financial audit because they. It's like, you can't. It's easier said than done. You know what I mean? I can sit here and say like, you can't let it get to you, but it does get to me from time to time. If I'm having a bad day and I see something that I probably shouldn't have even looked at for my own mental health, it like, throws me off the edge and then I'm crying and watching PLL all night and not doing my work when I should be editing or something.

[B]

Yeah.

[A]

So I. And especially with you, because didn't you say you just started YouTube?

[B]

Yeah, it was like a year and a few months ago.

[A]

Yeah. And I've been doing it for, like. Like consistently as a job for like three or four years. So.

[B]

So make sure you're being nice. We got. We've been called out correctly. So for there being some more toxic stuff in the comment section, like, before, it's gotten a lot better. You guys have been a lot better. And I think it's because we frame it in a different way where, I mean, it's very clear you're a bad being on here and trying to get help. So the comment sections have gotten a lot better. And I really do appreciate that. Honestly, from the bottom of my heart, I really do appreciate that because I know the guests do as well because they're here to get help and they're here to help people out there. So. And I am sorry that especially then, before we started making that proactive effort, that the comments.

[A]

You can't apologize for your audience because I have people in my audience. White attack people, you know, if I go on their show or whatever. Like, you can't really control. I guess you can, like, set an example for your audience, but you can't control what your audience does. So.

[B]

Sure.

[A]

Anyways, so I know.

[B]

So, yeah. Again, I want you to get to the place where you can experiment with new content and do the content you want to do. I'm blessed. I'm doing the content I want to do. I want you to be able to do that as well. You know, I get a thrilling reward of being able to see people in the comment section and in our email and people who come back on the show or just keep us updated, who have paid off their debts. And I get so excited. And I want you to have that thrill with whatever you're doing and what you want to do. Yeah, you can get there. Let's get there quicker by not putting balances on our credit cards.

[A]

Okay. I can't promise you I'll be perfect, but I.

[B]

The only reason I don't like that and I have to push back on that is because you're setting yourself up for potential excuses. Don't set you up for success. No one's ever gonna be perfect. But when we say that out loud, we say, oh, it's okay that I'm not perfect right now. Swipe, swipe, swipe.

[A]

I've actually. I'm not gonna lie, I have cut back a lot. I know it doesn't look like it, but in terms of, like, my thought process, when I go to, like, oh, I'm so hungry, I might want to order food, I will, like, cook more often. You know what I mean?

[B]

The good news is when you're out of bad debt, have a fully funded emergency fund, and you're contributing 20% to your retirement.

[A]

I want to not spend. I know.

[B]

Not that you have 30% of your money that you can spend on whatever the you want. I don't care. You're. We're just not there yet. So you paid this off again. This is awesome. I still wouldn't be doing the purchases that are on there, especially that furniture and the Uber Eats when I'm doing.

[A]

For everyone watching, the balance was 3,500.

[B]

So that's good. I mean, that's really good. That's really, really good.

[A]

This is.

[B]

This is where you're paying people to this, right?

[A]

Yeah, I pay my editors through my PayPal credit. Or I'll, like, do my. What's it called? Like, not copyright sounds for my music. Yeah, I will do that through this.

[B]

You pay this off every month.

[A]

I was carrying a balance the past two months because I was in a lower time in my life, but it was 700. But now it's zero.

[B]

Good.

[A]

Because I started making more money this.

[B]

Month, so I'm a little nervous having access to credit. What we do instead is we have big emergency funds to get us through those situations. But. Yes. Okay, so let's see here. I think we have a checking account balance. Yeah. You're like, yeah, just under 500 bucks.

[A]

I'm squinting because I'm trying to see PayPal stuff.

[B]

Some Ikea, probably from the moving. Ikea. Mooney's Burger, Dutch, bro. Okay, so remember, almost every single day on that Apple card was you getting some eating out. And then we're coming on here and we're continuing, and, you know, there's venmos out.

[A]

But look at my income.

[B]

Income's great, but.

[A]

But I get.

[B]

No, I'm not. Are you telling me nothing has come through?

[A]

I'm saying I get paid, like, a lot of different. I have a lot of sources of income.

[B]

That's great. But that money should be going towards Paying off.

[A]

Deb has not all.

[B]

But it should. Cuz you wouldn't have to deal with this right now.

[A]

I know.

[B]

No, okay, right now, maybe, but you're going to just.

[A]

Cuz I just moved.

[B]

You're going to have to deal. Don't you don't excuse. Don't excuse. Don't justify.

[A]

No, because I am going to justify.

[B]

Because you didn't need to buy the furniture.

[A]

You didn't listen for the furniture. Buying the furniture. Right. And then when. When I moved, I didn't have my kitchen completely packed or unpacked, so I was ordering food.

[B]

It's called unpack it. Impact it like an adult.

[A]

I know.

[B]

What? You can't use your own laziness as the reason. Why not? You know I'm not going to allow that. Come on. Come on, we know each other. You're not gonna. You know, I'm not gonna allow.

[A]

But that's just. That is the reason though.

[B]

Doesn't mean it's good.

[A]

Being lazy or not. That is the reason.

[B]

Yeah, but like, that's a terrible reason.

[A]

Okay.

[B]

Yeah.

[A]

And I agree.

[B]

Good. Throne gifts was a deposit. Oh.

[A]

Mm. Thrown gifts, a deposit.

[B]

Okay, chickies. Cheeky's love.

[A]

What was that?

[B]

I don't know. Coffee, Red Robin.

[A]

Oh, the red robin. It's only $12 because it was my birthday and.

[B]

Happy birthday. Pay off debt.

[A]

I got a free. I got a burger, but I had to buy a drink. And tip.

[B]

I took drink. No.

[A]

Well, I tipped.

[B]

Yeah. Happy birthday. Payoff debt. Uber. Uber. Atlanta Air.

[A]

Oh, my God. Oh, my God. I'll tell you this. I'll tell you why. I'll tell you why. Okay, so my meeting out here, my friend was like, please come to pax. And I was like, all right, I'll try. And then as my it got closer, I was like, I don't think I can financially do that right now. And she said, don't worry, we'll pay for your Airbnb and all your food. You just have to buy your airplane ticket. Because I get invited to pax, you know, because I'm gaming, content creator, whatever. So come down to it, when I was there, I was like, all right. Because I had like, no money, mind you. I had like, nothing. And she was like, sorry, my sponsor didn't pay me, so I can't pay for your food or anything. And so we were splitting Ubers, which were like 40 bucks each. And I was like super stressed and sad. I didn't want to like pin on her because even though I made sure multiple times Beforehand I was like, are you sure?

[B]

Are you sure?

[A]

Are you short? Because I don't really like to rely on people for that because, like, growing up, like, I had no one to rely on. So when I got there and I had to pay, it was just. It was very stressful for me, but. But it was not my control. And I want to throw her under the bus because she didn't get paid.

[B]

By someone puffed up in sake house and sug soda. El bistro. Like, come on, we're eating out a lot. A lot.

[A]

That was for my trip games.

[B]

And we have.

[A]

Is my bills account. Yeah, it's for bills.

[B]

So the other one is up to you.

[A]

That's my spending account.

[B]

We're not. We just weren't spending though. I'm just. I'm a little concerned. Why? How did that not get across last time? You shouldn't be spending money on bull.

[A]

But sometimes I'll be out and about and I have to spend money that. What, like groceries I spent.

[B]

Did I read off a single grocer?

[A]

It doesn't matter. I guess not.

[B]

It does matter.

[A]

I guess there wasn't any grocery chips recently on that cart.

[B]

No, cuz I don't call it grocery trips. Grocery chips are okay, so I didn't call them out. All that I called out was bull, though. That shouldn't be do.

[A]

Okay, you're right. You're right. I'm listening. I'm listening.

[B]

Okay, you're listening. But I don't think you're gonna. I don't think you're gonna do anything because you didn't last time. You've made progress. Yes, but you shouldn't have made progress twice as quick. Just a quick reminder that you have until the end of today to fill out the survey near the top of the description below, four people will win 250 bucks that we'll send directly to you. We're just trying to learn who our audience is. And then we're gonna be keeping you out up to date with exciting things going on around here. So don't forget to fill that out. Love you all. Thank you.

[A]

That's kind of unfair.

[B]

No, it's not.

[A]

Because you said, okay, yeah, I have some spending, whatever, but I also have made twice the amount of income as last time in the video. And you said it would take me years. And it has.

[B]

If your income goes up, that part will go quicker. But I'm just doing. Relative to the money that has come in, you should have gone at least a third is quick. So I mean, you 30% quicker. But you're just spending all your money on just. This isn't. No, these are bills. These are bills. But what you're choosing to do. Lots of Uber trips. Uber, uber, Uber, Uber, Uber, Uber, Uber, uber, Uber.

[A]

In the August.

[B]

Overdraft, overdraft. Overdraft. Wee woo wee woo. Overdraft. $10 overdraft.

[A]

Let me see it. Because that might not be for me.

[B]

Okay, so your draft for a reason, which I am not happy with.

[A]

I'm not either.

[B]

And fix it. Fix it is all I'm gonna say. Fix that. That's stupid. More Amazon Fitness. That's good. Are you still doing that thing where you go and get a bunch of needles and liquids in you?

[A]

Yes and no. I don't do it because I don't really have to, but. Because I don't really drink anymore. But it's good. I haven't canceled the subscription.

[B]

That's not good.

[A]

I know because I tried to and they're like, you need to give us a heads up. 30 days. So it should be next month. It won't be there because I tried to cancel this previous month, but then I get. I had to give it like a month advance.

[B]

So we bring in 10,000 bucks. But then again. Are you setting 30 aside for taxes?

[A]

I was. I said 20% aside.

[B]

No.

[A]

Why 30? I don't think we're in the same tax bracket.

[B]

No, because you're gonna have to pay things like self employment taxes and everything like that. Yeah, top tax bracket is like almost 40, so it's like. But I want you with self employment.

[A]

I write off.

[B]

Sure, sure. But wouldn't you rather be safe? I guess so instead of having to fork over some money that you're not expecting.

[A]

It might be under there.

[B]

I don't think so.

[A]

I sent it.

[B]

Oh, 900.

[A]

Oh, yeah. My little.

[B]

All right.

[A]

It was. It was more and it was in the high yield. 4%. Is that correct? 4% high yield?

[B]

Well, I don't know. Was it 4%?

[A]

I don't know.

[B]

4.5.

[A]

It was when you recommended me.

[B]

Oh, before.

[A]

Yeah.

[B]

Okay. I use so far now because it's 4.5%, but will I get penalized for switching? No.

[A]

Okay.

[B]

$2,735 on rent. It's a lot.

[A]

Wait. Okay. I pay half that.

[B]

Okay, so you pay. Good. Good. I was gonna say, because after you set 30% aside for taxes, which you need to start doing honestly these next few months, I need you to start setting 50% aside for taxes to catch up for the previous month. Or else you're gonna have a scary tax situation again. I don't want you to pay penalties and all that stuff. And then you're gonna want to start doing quarterly next year.

[A]

Okay.

[B]

Okay. So good. You pay half of that. That's what? That's within your budget. Transportation, 5.8% of your spending. Medical, and I bet it's that thing that you haven't canceled. Well, there's also the dental. The dental?

[A]

Yeah, I had. I had a fractured tooth.

[B]

And lucky you're bringing in a good amount of money. It was 5.2% of your spending. But all the extra miscellaneous stuff which by the way was probably eating out all those apple swipes. That was. That's the big one that says extra other large purchases. Something for Key Bank Latitude.

[A]

Restore Key bank is my car. Latitude.

[B]

There's your movie. Two men in a TR truck. An oil change clear me lot. $668 of Amazon, lots of PayPal and out. A lot of that for work. A lot for splitting things. Big cartoon.

[A]

Oh that. Yeah. That could have been for work splitting things. Yeah.

[B]

And then Apple charges as well.

[A]

So big cartoon.

[B]

Your BS food is likely actually closer to 10.

[A]

Yeah.

[B]

10 of your spending went to. But in 10 doesn't sound like a crazy amount. And it's not. And when you have no debt and a fully funded emergency fund, it's not. But guess what? That's 10% of your spending that could have gone towards debt.

[A]

Yeah, but the extra other things were like my car and stuff. So they should be in the electric.

[B]

Do you hear me being upset about those?

[A]

Yeah. No, no, no. So sorry.

[B]

The extra stuff then. Spruce Tiny Aquatics. You know. You know Don. No, Don's cool. He's the owner.

[A]

I knew someone who worked there though, who is actually a streamer who worked or works worked.

[B]

You know John. No, sounds pretty cool. He's like the big dude.

[A]

Maybe because everyone there super friendly. So I always talk to everyone in there.

[B]

Really cool.

[A]

But yeah, I just got non paid sponsorship. I just got a bunch of plants from them and just some soil. The soil is hell expensive.

[B]

Yeah, Aquasoil, definitely quite the expense then IKEA and stuff like that. So I mean you spent a good amount of your money on and probably about 10% eating out and getting like drinks and stuff like that. Just the juices, the smoothies. So yeah, again, not a crazy percentage. It's just that could have gone towards that. You're elongating your own pain in your own situation. That's what you're choosing to do you'd rather have a little temporary fun now instead of getting rid of the debt aggressively and then being able to live up your life?

[A]

I could be getting rid of it aggressively and I would.

[B]

Because then you can live your life. Then you have lower risks to try the other new shows. You can just do the things you want to do. $10,000 comes in. What's your. What's your portion of rent?

[A]

2,350 divided by.

[B]

I got 2,735. Oh, but that may have been utilities and stuff.

[A]

Oh, it might be then. So just divide that by two. It could be utilities because I just rent mortgage.

[B]

Oh, you want just rent electric. Nope, that's okay. So you do. Do you split utilities and all that stuff too?

[A]

1350 divided by.1 second.

[B]

Do you split all that other stuff?

[A]

Yeah.

[B]

Okay, then I'll just do the total.

[A]

Okay.

[B]

Okay.

[A]

And we have to hire pest control right now because we have a scorpion infestation.

[B]

Surprised that the landlord's not taking care of that.

[A]

I know. I texted them and they said, oh, whatever you have to do to be comfortable.

[B]

I have a. That's weird. I. I have a few properties that I've renovated and then rented out so that people, you know, it's just because there weren't places people would want to live before. But either way, whenever there's issues like that and stuff, I try to be, you know, really responsible and respectful. Landlord. Yeah. So I.

[A]

It's a new house. It was built this year. So that's why the scorpions are there, apparently. Because we did some research. It says that new houses are more likely.

[B]

I live in a new house. I have not seen a single scorpion.

[A]

Well, if it was built. Okay, so we've. I've done a DIY pest control, but it's not.

[B]

No, probably not. Okay.

[A]

I tried going the cheap route.

[B]

Okay. What is Internet, phone, all that?

[A]

My phone bill is, I think 100, but I'm paying for my mom's right now.

[B]

How much is that?

[A]

So 250total. My mom and my brother. Yeah.

[B]

Okay. And roommate pays for that. Okay, so 250 for phone. Okay. Your debt looking at 600 essentially.

[A]

Damn.

[B]

Yeah. Car insurance.

[A]

My car insurance is 250.

[B]

All right. Whatever the food situation is at home and all that stuff, you're allowed to contribute 300amonth to the pile and then you have. Because I know a lot of it has to do with work and stuff like that too. I'm going to give you like toll paper and makeup fund. All that stuff 200. It's usually.

[A]

Yeah, that should. That's fine.

[B]

Usually I do 100.

[A]

I also recently I don't get my hair done anymore. I did it myself this time with a box dye, which is so bad for your hair. But because of what you said last time. Because I used to spend $400 getting it done. Oh, well, that's a lot, so.

[B]

But I know women's hair is very expensive.

[A]

I did it myself and I've been drinking out less. I haven't really gone out ever since and.

[B]

Yeah, what other. What else is in your monthly thing? There are some insurances. We'll call them 50 total. The LIM.

[A]

My car, I guess.

[B]

Is there a debt?

[A]

It's. Yeah, I forgot to include it. But I owe 11,000 on it, so it's the same as my MX. But you said I was in the better half of the loan because it was really.

[B]

Oh, what's the rate? I forgot.

[A]

Eight.

[B]

Huh?

[A]

Eight percent. Oh.

[B]

You're in the point where the vast majority of your payments are going to principal. You paid the interest. Okay.

[A]

I know it's a lot. I got it when I was 19.

[B]

What's the monthly payment?

[A]

400.

[B]

I was gonna give you $50 for something. What was that for?

[A]

Makeup, hair?

[B]

No, that was 200. What about gas? Oh, 50 for the defin. The different lemonade insurances.

[A]

Oh yeah. Because that's my pets.

[B]

Yeah.

[A]

I don't know how much I spend on gas because I don't really drive that much.

[B]

90 is what we had.

[A]

Yeah, that was my one time. I filled it up.

[B]

Cancel everything else, other subscriptions, except for business stuff. Business stuff is good.

[A]

Yeah. Also I need a business to pay my editors.

[B]

How much goes into business. Let's just put it all in one for simplicity.

[A]

Okay. I pay my editors 175 average per video.

[B]

How many videos a month?

[A]

It can range from.

[B]

Let's do average.

[A]

Let's say three. And then for shorts, $60 per short. So 60 times three. Two. So 175 plus 60 times three.

[B]

Okay. Any other business? How much is this? 705. Don't you make $10,000?

[A]

I guess for business expenses. I guess makeup kind of plays into that.

[B]

I put that in your TP fund so it works.

[A]

Or like props or anything I need to buy for like a stream, I guess.

[B]

But 100 bucks a month with that cover up.

[A]

Yeah.

[B]

So let's call them 805. And then let's call. You have other subscriptions and stuff for the business purposes, which are fine as well. So that's 805. This is. Round it to a thousand for business.

[A]

That's how much it was last time too.

[B]

Was it? Oh, cool. Okay, so let's set up your budget.

[A]

And I get $50 more for food now because last time it was 250.

[B]

Inflation, baby. Inflation. Let's go.

[A]

You think inflation hit that fast?

[B]

You know the dollar allow you to.

[A]

Contribute to the dollar store is now the $25 cent store. Did you know that?

[B]

No.

[A]

Isn't that like absurd?

[B]

Yeah. Surprised they didn't just lower the portion sizes. They probably did that.

[A]

In fact, there's no such thing as a five dollar foot longest subway anymore.

[B]

Yeah, I did know that. That's been a while though. So you easily have $5,500 left on a monthly basis. If you bring in 10,000 hours, which this month you're definitely protected. Yes, if you're not around and you're around. So stop it.

[A]

No, because my extra 5,000, I guess you could be like, oh, you could pay towards your debt, but I've been buying furniture and I've also had my extra moving costs, so.

[B]

And guess What? Stop. So $5,500, dude, one and a half months, Apple Card is done. Because they're not spending a single cent on it. It's literally as easy as that. Sure, the income might be a little less sometimes business expenses might be a little more. But on average, month and a half. Month and a half from now, dude, the apple card is done. The amex card is done in just over two months. And then the car, I would just.

[A]

Because an additional two months from the one.

[B]

Yeah. So at that point we're so three and a half. Let's call it four months. Let's call it four months total. Just be conservative. With the income fluctuating. The car, you're right, you're on the other side of it. And I was just trying to finesse things. But what I want to do for you is I want to make you not have minimum payments. If you don't have minimum payments, you're not obligated to other people, meaning you can take more risks on businesses. Last time I wasn't. I knew, I was aware. But this time I'm more fully aware of you wanting to venture into different things which might take a business hit. Without those. The thousand hours you have in minimum payments, we're just trying to fully get rid of them so that you don't have to worry about those things. So in another. Let's just call it three months just to be super Conservative. The car is done as well.

[A]

So additional three months from that, it'll.

[B]

Take six to seven months.

[A]

So four, five, six, seven. Okay.

[B]

And then it take. Minus the debts.

[A]

Also, I, I did not take your advice for something. I still have $4,000 in my Robinhood, but it's in the S&P 500.

[B]

I mean, that's fine. I know it's not beating the interest rate.

[A]

It's growing, but it's also my interest rate.

[B]

It is, it is. The S&P 500 has done great this year. It's just. It's not even coming close to beating the 25% on Apple. So it doesn't really matter.

[A]

I realistically could sell it, but I'm like scared to sell it because I'm scared to even touch it.

[B]

Fine. Do this in seven months and you don't have to or you make it go even quicker. That's up to you. Then from there, what I need you to do is at least a nine month emergency fund, which is $31,500 in a high yield savings account at all times while setting 30 aside for taxes, which we did not account into this equation. So you're right. This is actually probably going to take nine months until you're fully out of the debt because you're setting 30 aside for taxes. Nine to 10 months and you're fully out of the debt.

[A]

So that's when we're doing our next episode.

[B]

Sure.

[A]

Okay.

[B]

And just keep me updated along along the way, just like everyone else. But 31,000, you never asked for help along the way, though. A lot of people ask for help. You didn't ask for help or anything.

[A]

I feel like, like I feel weird asking for help because I know this is like your content.

[B]

It's more than that though.

[A]

You know what I mean? Because I originally. Okay, let me, let me be clear.

[B]

I would do this if I was not. If I was, if, if we weren't making videos. Because I love this.

[A]

Okay. Because I. I'll tell you what. For the first financial audit I went on, I went on the show primarily because I was gonna buy your 300 little private session thing. So it wasn't public.

[B]

That was a long time ago.

[A]

Yeah, but then I was like, like, I'll just ask him if I can go on the show and then free. Then you were like, are you gonna go on my show? And I was like, if I'm invited to, I will. So that's why I didn't ask for help because I don't want to like take Advantage.

[B]

You're not financial. You're not anyone who's a guest. This is, I think for a lot of people when they're looking through a screen, it all seems fake and all that stuff. And I get that.

[A]

Well, because I know how, like, I've been in so many different shows. I've been.

[B]

So we're busy, but I have a team now. That helps. So we want every single guest along the process. Because the most rewarding thing in the world, regardless of the income that comes in this, if you get out of debt and you live your amazing life, be incredible. So not for a single second do you think. I don't want you to think for a single second that you can't reach out for help or advice.

[A]

Okay?

[B]

Always, always, always, always, always, please. So in an additional, it was like five or six months. I need you to save up $30,000 for a nine month emergency fund. And then you're perfectly fine to 50. 30, 20, 50%. I need 30% on wants and 20% on investing.

[A]

Okay.

[B]

Always 30% set aside for taxes, though. People always ask me, what high yield savings account do I use for my own money? Some of you know by now it's sofi. I love them. It's great for my checking account needs. It's great for my high yield savings account needs. And right Now I'm getting 4.5% interest on my money. I love that rate on my monies. So if you want to get a great rate like that on your monies, just check out the link in the description below. I have a paid affiliate link there. You can get bonuses all the way up to $250. And I took advantage of that and you should, too.

[A]

Okay, 30%.

[B]

Yes.

[A]

Okay, fine. Because I was gonna do 20, in.

[B]

Fact, if I'm not mistaken, so you're right, I did. We had conversations about 20 last time and stuff like that, but I think our boy Graham reacted. He was like, no, she could get into a dangerous situation. She should do 30.

[A]

And he called me a millennial. Yeah, I'm 23.

[B]

Yeah, I'm on that edge, though. I fall into neither category.

[A]

Well, I want to say you're not millennial, but you didn't even know what Weeb was.

[B]

Weeble.

[A]

Weeb. Like, what a Weeb is like. You don't know a lot of Internet.

[B]

I don't know. Gen Z, say I'm a millennial. Millennial. Sam. Gen Z.

[A]

So I guess, yes, you're on the edge.

[B]

Yeah, I'm in that weird hybrid. So either way, that's what I think. I think in a year, if you do this right, a year, year and a quarter, fully debt free, taxes are always paid for, and you have a nine month emergency fund and you can just live the best life ever.

[A]

How do we know what is an emergency and what's not?

[B]

Emergency is like, okay, something. So let's say you always have a thousand dollars in your checking account, right. And something like a car happens or something medical happens, you know, anything like that. I know, exactly. So when that happens and it goes above that $1,000 in your checking account, then you use your emergency fund to pay for it. And then. But then you don't have fun until you refill that emergency fund until it's back up to normal, and then you resume life.

[A]

Okay.

[B]

So it's their safety net. Car breaks down, you go buy a car, like fully breaks down, you know.

[A]

And then I buy. I don't finance it.

[B]

I would not finance.

[A]

Okay.

[B]

No.

[A]

I don't know if it's like, again.

[B]

As you said with like me and my financing furniture. When you're very financially savvy, there's ways you can finance cars and technically squeeze out an extra 1 2% on your money overall. And I like doing that for the average person. It's not right.

[A]

I don't know specifically if this is a thing with taxes, because I'm not really educated on that, hence why I'm on the show. But with taxes, isn't it like, if you have a heavy car, you can write it off? Yes, because I have a Land Rover.

[B]

Well, when did you buy it, though?

[A]

In 2019.

[B]

There's definitely work with your CPA. Definitely work with your CPA.

[A]

I think I mentioned that to them, but they're not really hands on. They just. I just sent everything.

[B]

You might need a new cpa.

[A]

I might, but I'm scared. It's really hard to find one.

[B]

Well, because you have the debt on that, so you can manipulate some things with your debt, so.

[A]

Oh, also, I was gonna ask. Yeah. How your Omegle experience was.

[B]

Oh, that's right. So she convinced me to go on Amiga once, and I thought of potentially doing a show out of it. Like random audits.

[A]

Come on my videos.

[B]

Okay, I'll do it. Way too many schlongadongadongs for me personally. And that was pretty much the experience. And I figured out if I'm gonna make a show, probably shouldn't have things flopping all over the place.

[A]

Yeah, but you were just. Just censor it or cut it out. You on a live show. I do it on Kick because they're not as strict if we accidentally see Vaccines need a penis.

[B]

I'm like, ah.

[A]

And I skip it right away.

[B]

I don't want to pay my employees to have to censor dongs.

[A]

I know. My editors have a fun time with that.

[B]

It was. I mean, it was whatever.

[A]

Yeah.

[B]

Not for me.

[A]

Okay, well, who knows? Maybe you'll find love on Omegle.

[B]

But I'll be on your show, though. Yeah, I'll do that.

[A]

We'll do finding Finding Caleb Love on omegle.

[B]

Finding Caleb 500 dongs on Omegle.

[A]

I mean, if you're into that, you can find that too. You can find anything you want.

[B]

I think everyone finds that on.

[A]

But yeah.

[B]

Any final thoughts? Any final questions?

[A]

I probably do have questions, but I don't know them right now.

[B]

That's totally. Okay. Well, I mean, we're all. Yeah. Don't hesitate to ask. Let's get you out of debt. Let's get you to have amazing in life. Yeah.

[A]

Oh, our next podcast.

[B]

Yeah.

[A]

Or whatever this is.

[B]

This. This show.

[A]

This is a podcast format.

[B]

Yeah. People consume it as a podcast.

[A]

Yeah, I do. When I'm, like, folding clothes. I don't have any questions for the video.

[B]

Oh, you said our next podcast.

[A]

Oh, yeah. When is it?

[B]

Oh, whenever you want to do another update, whether that be six months or when you're out of debt.

[A]

I didn't know I'd be coming back so soon.

[B]

Yeah.

[A]

I won't even lie to you, but.

[B]

I'm glad you did, because I think we. But you were like, come on.

[A]

And I was like, okay, Yeah.

[B]

I wanted to have you on you. You're the third most viewed video. We're friends in real life, so we may as well. We may as well record another episode. But I'm actually really glad we did because I didn't have access to your finances before this, you know, obviously, and hopefully we caught some. Lots of justification, lots of things that you can get out of this a lot earlier instead of stretching this out to 2 to 3 years.

[A]

I agree. I will try to get it done.

[B]

All right. For Adriana, making progress, obviously, she could be doing a lot better. Her Hammer Financial score actually don't remember from the original one. Curious if it raised. It will be raising really soon when she gets out of debt for the spending in the budget. That was just insane. It was insane. It was insane. I'll give it a 1 out of 10. Luckily, it's because her income is so strong, but it was still really bad debt. 2 out of 10 merchants fund at least there's something a little there. 1 out of 10 retirement a little bit in single stocks wanted to know it was S&P 500, but a little bit in Robinhood. 1 out of 10 real estate not a part of the conversation yet. 0 out of 10. So it's going to be 1 out of 10. And don't forget to check out all the resources linked in the description below. They are what I use or would use in specific situations. If you want to be in an episode of Financial Audit and you're able to make it down to Austin, Texas, fill out the survey in the description below.