Girl Math Final Boss

Summary

Financial Audit with Caleb Hammer

Episode: Girl Math Final Boss
Date: August 22, 2025

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Overview

In this episode, host Caleb Hammer conducts a relentless financial deep dive and reality check with guest MacKenzie—a 26-year-old nail tech from Melbourne, Florida—who describes herself as a hustler with several side jobs applying “girl math” logic to her finances. The discussion traverses her attempts at entrepreneurship, operating a nail business, the realities of her side hustles, mounting debt, and her struggles with budgeting and personal responsibility. The episode stands out both for its humor and brutally honest advice, making it a must-listen for anyone tempted by shortcuts in small business and personal finance.

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Guest Introduction and Background

• [01:13] MacKenzie, 26, from Melbourne, FL
• Works: Nail tech (main focus), burrito restaurant, DoorDash, pet sitting, plasma donation
• Describes juggling multiple jobs as “hustling” and using "girl math" to justify business investments

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Key Discussion Points & Insights

1. The Reality of Entrepreneurship and the “Girl Math” Mindset

• MacKenzie spent $6,000 (initially claimed $2,000-$4,000) starting her nail salon business, justifying it as an investment needed to make money.
• Caleb directly calls out the lack of planning:
  • “There’s no way...That’s an entire year's [worth of profit to pay back your startup costs]...You didn’t have a big supply of clientele...and you honestly weren't doing very well there. You were fired. So great. And you immediately decide, 'Yeah, let me get on this legal contract to split a lease with someone.’” [11:14]
• MacKenzie attempts to defend her approach by labeling it as "girl math":
  • "But you have to spend money to make money. In a business standpoint. I call it girl math." [00:45]
  • Caleb devastates this logic:
    "You're going to make everyone hate women...If girl math immediately—Do you think people don't already hate women?" [50:30]
• The term “girl math,” initially introduced humorously, becomes a running gag and warning of flawed justification for poor financial decisions.

2. Income Streams and Time Allocation

• Breakdown of monthly earnings after thorough grilling:
  • Nail business: ~$500/month (about $6/hour for 80 hours; Caleb: “Time to put the nails in the bag, girl.” [12:58])
  • Burrito restaurant: ~$1,000/month (best hourly rate—triple the nails gig)
  • DoorDash: ~$300-$400/month (after gas)
  • Pet sitting: ~$200/month (inconsistent, “most of my clients died” [22:05])
  • Plasma donation: ~$550/month
• Total: Roughly $2,550/month before taxes and expenses
• Caleb emphasizes multiple times that gig jobs are not scalable or sustainable, especially compared to a traditional full-time job.

3. Financial Catastrophe: Debt, Overspending, and Lack of Planning

• MacKenzie’s credit cards are maxed out:
  • Citi Double Cash ($4,174), IHG ($6,272), Capital One ($2,623 and another card), and Ulta ($491)
  • Family/personal loan: $7,500 (for an old car)
  • Total debt: About $17,000+, not counting potential family loans and bank consolidation loan
• Bleak commentary from Caleb:
  • “You spent four times what you brought in...how do you not know you spent $10,000 last month?!” [24:02]
  • “Your business hasn't started. Your business is a failure.” [31:07]
• Budgeting attempts are sporadic and ineffective:
  • "Once a month I’ll sit down and write down my expenses, either on paper…” [51:51]
  • Caleb: “And then? You just leave it? What does that actually achieve?” [52:12]
  • MacKenzie: “I don't have an actual plan. I have no clue what I'm doing.” [27:21]
• Emergency fund: vanished
• Retirement: cashed out 401(k) for a car
  • Caleb’s calculation: “That $7,189 would have turned into $212,403 at retirement if left in S&P 500.” [37:24]
  • MacKenzie's rationalization: "It wouldn't have done me any good that far down the line if I didn't have a car to sustain." [37:36]

4. Family Dynamics, Entitlement, and Self-Awareness

• MacKenzie receives subsidized housing from friends (“I’d literally be homeless if not for my friends. But I don’t really like living with them.” [29:49])
• Tensions with family about her chosen path—most urge her to get a traditional job, which she resists (e.g., truck driving, supply chain, hospitality)
• Caleb skewers perceived entitlement and lack of appreciation for her circumstances:
  • “Median one-bed rent in Mel, Florida is $1,310. Good the luck. And you hate them. You hate living with them.” [31:32]
• Evokes the importance of taking responsibility and strategic career decisions: stick with employment to develop skills and clientele, not impulse entrepreneurship.

5. Repeated Patterns: Justifying Expenses as “Write-Offs”

• MacKenzie claims nearly all spending is a write-off, prompting a signature tirade:
  • Caleb: “Also, everything's a write off. On what? You're not making money to pay taxes anyway...what's a write-off to you? What's a write-off if you write it down on paper?” [17:39]
• Attended expensive beauty expos (“business promotion” [52:35]), frequent traveling justified as business/family necessity, when clearly not feasible

6. Future Plans and Relocation

• Considering moving back to the St. Louis area (“to be closer to family,” though admits family won’t let her stay with them due to “family drama” [56:10])
• Talks about wanting to serve drag queen clientele—admits she knows only one in real life
  • Caleb: “How many drag queens do you personally know? ... Oh, ladies and gentlemen, it's a foot in the door. This is a thriving small business.” [28:24]
• Caleb provides practical alternatives, including skill certifications and “do the business as a side-hustle only until it’s proven”
• Warns bankruptcy will become the only option if she cannot change her ways

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Notable Quotes & Memorable Moments

On Business and “Girl Math”

• [00:45] MacKenzie: "But you have to spend money to make money. In a business standpoint. I call it girl math."
• [17:21] Caleb: "I call it girl math. I don’t know. Not my strong suit."
• [50:30] Caleb: “You're gonna make everyone hate women. You're gonna make everyone hate women if girl math immediately...”
• [51:09] MacKenzie: “I'm—I did the math and it was piss poor math. And that's fine. And I'm sure someone's going to turn around and say, oh, well, that's just the girl math for you.”

On Employment & Earning Reality

• [12:58] Caleb: "Time to put the nails in the bag, girl. We're going and working a real job next."
• [13:34] Caleb: "So to be clear, you make three times what you make in the nails for hourly... Why aren’t you picking more hours up at Burrito?"

Budgeting & Delusion

• [24:33] Caleb: “You spent four times what you brought in. What do you expect to happen with that? Where does that lead?”
• [27:21] MacKenzie: “I don’t have an actual plan. I... I have no clue what I’m doing. And obviously that’s very clear.”

Planning & Responsibility

• [37:24] Caleb: “That $7,189 would have turned into {over $200,000} by retirement...You're throwing away your entire future.”
• [51:06] Caleb: “Why bring to your entire gender this negative connotation that you're unable to manage money?”

Family and Roommates

• [29:16] MacKenzie: “My friends own the house. You're beyond lucky. You would not be able to do that if you were not being subsidized by your friends.”
• [29:49] MacKenzie: “I don't love the living situation. I love them as people. I don’t love the living situation.”

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Important Segment Timestamps

• [00:36-01:15] – MacKenzie describes starting her business and “girl math” begins
• [04:12-05:24] – First tough love from Caleb: “Why is it always someone else’s fault?”
• [07:48-13:02] – Detailed breakdown of income streams; “You made $6.25 an hour.”
• [23:00] – Adding plasma donation to the list of “jobs” to try to survive
• [24:00-25:00] – Confronted with $10,000 monthly spending, MacKenzie admits to not knowing
• [27:21] – “I don’t have an actual plan. I, I have no clue what I’m doing.”
• [37:24-37:41] – Pulling from 401k for car; Caleb’s compounding math
• [51:26] – “I did the math and it was piss poor math. That’s just the girl math for you.”
• [52:35] – $800 for beauty expo as “business promotion”
• [64:26-66:02] – “This industry in that area sucks and you shouldn’t be doing it.” How to get out?
• [87:12-88:23] – Budget can't be balanced; considering bankruptcy
• [88:23-89:27] – Personal loan for consolidating credit cards ends up maxed out anyway

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Tone, Language, and Final Assessment

The episode is a masterclass in tough love, balancing humor and real talk. Caleb’s language is unfiltered, direct, and frequently laced with sarcasm, but rooted in a desire to wake his guest up from destructive patterns.

Financial Score:
Given her drained emergency fund, maxed-out debts, 401k cash out, subsidized housing, unsustainable business, and lack of planning, Caleb ultimately rates MacKenzie at a rounded up "0.5 out of 10." ([87:06-88:23])

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Conclusion

This episode is a crash course in what not to do when starting a business or attempting to hustle your way out of financial trouble. MacKenzie’s story is equal parts cautionary tale and tragicomic, exemplifying the perils of poor planning, magical thinking, and endless rationalization (“girl math”). Caleb Hammer doesn’t pull punches, and listeners walk away with a clear, if sometimes painful understanding: passion is not a substitute for a plan, and denial is not budgeting.

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For listeners:

• If you recognize yourself in any of these habits, it’s time for a budgeting app, a real plan, and—above all—personal responsibility.
• Skip the “girl math.” Do the real math.

Transcript

[A]

This episode is brought to you by Lifelock. When you visit the doctor, you probably hand over your insurance, your ID and contact details. It's just one of the many places that has your personal info. And if any of them accidentally expose it, you could be at risk for identity theft. Lifelock monitors millions of data points a second. If you become a victim, they'll fix it, guaranteed or your money back. Save up to 40% your first [e-mail] podcast terms apply. To watch episodes of Financial Audit a week earlier, check us out on YouTube. How's your business going this year?

[B]

I want to say roughly, you spend.

[A]

$4,000 getting this up and running.

[B]

I spent more than that.

[A]

How much did you spend then? How much? Oh, you're, you're, you're, you're dead.

[B]

But you have to spend money to make money. In a business standpoint. I call it girl math. I don't know.

[A]

There's no way. You kidding me? That's an entire year's okay.

[B]

And then don't ask.

[A]

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[B]

Hi, my name is MacKenzie, I'm 26 years old from Melbourne, Florida and this is Financial Audit.

[A]

Thanks for coming over from Florida. What do you do for a living there?

[B]

So I actually work a couple jobs. I work about 4 or 5 my.

[A]

Like 5 hours a week at each or.

[B]

No, I wish. No, actually I work multiple jobs multiple days a week. So my main job is I work as a nail tech but then I also work a part time job at a burrito restaurant. I also doordash, I also pet sit and then I donate plasma on the side.

[A]

Okay, so it's mostly all hustle except for the burrito place, kind of. Yeah. The other ones are kind of the self hustle. When you're a nail tech, it's still building your own clientele, right?

[B]

Yes, you're.

[A]

You. Okay, so I mean working those jobs, I mean they're mostly just self hustle jobs, which I thought we were going to say. Okay, I'm working at McDonald's, I'm a receptionist, I a nurse and I do like all these extra jobs. You know, I leave Chipotle to go to Wendy's for my next shift. No, but these are just side hustle jobs. These are entrepreneurial.

[B]

I mean I Still look at it as. I mean, they are separate.

[A]

They are separate jobs. It's not what it's set up for.

[B]

Your choice, but I guess, yeah, currently.

[A]

How's that career working?

[B]

Well, I'm still pretty new into it.

[A]

How new has it been? If you're 26, how long have you been doing it?

[B]

I'm in my second year, but I am in my first year of being in business on my own.

[A]

Okay. Why one year of not being in your business of your own, did you immediately go into the business of your own?

[B]

So I Straight out of school, I started off in two salons. I was in the. One of the salons for a couple months. It didn't really work out very well. And then I didn't work out very well.

[A]

Why?

[B]

Just didn't mesh very well with the owner.

[A]

Go on.

[B]

So she. She was actually one of my teachers in school, offered. You know, we had talked about it, offered me a place in the salon and took it. And I honestly really don't know. It just.

[A]

Oh, come on.

[B]

No, I really don't. Out of nowhere, the one day we. My roommate and I actually worked there together. What happened? And I'm not joking. I was at a. I think it was like a Memorial Day party or whichever one is in, like, later in the year. I don't remember, but Labor Day.

[A]

Go on.

[B]

But we literally got a text message saying that she was not renewing our contracts for the month.

[A]

There we go. Okay, so it wasn't. You weren't meshing well. It's. Maybe you were not a good employee or she had to scale back her business, so she was going in a different direction. So. Come on. I mean, that's an immediate, immediate mislead of the conversation.

[B]

She still was an educator at the school, and I did. My sister went to that school.

[A]

What? My teacher from high school has to hire me. High school? No, I am saying my. Okay. My teacher from college has to hire me to go work at that college. Like, what the are you talking about?

[B]

No, but my sister still went there, and so she was kind of running her mouth about how we were not. Like, she didn't like us, like, working there. Things were saying. Things were happening between us.

[A]

I'm sorry to hear that, but no one is entitled to keep their job if their boss does not like them. Sorry.

[B]

Yeah.

[A]

Her business.

[B]

Yeah, But I mean, when you're bringing in business, I think it is a little bit better.

[A]

Okay. Clearly it wasn't enough, though, and she was able to do better with someone else or else If I'm able to.

[B]

Sustain her business while she's working another.

[A]

Job, then it wouldn't be that the money would win. Clearly, you were not doing enough. Listen. And if you were, your business would be successful and you're working three other jobs, so I would assume it's not. So tell me what's going on with this one year of nail tech?

[B]

So I was in the other salon that I started at Outside straight out of school. I was in a second salon also and was there for about a year. It was great at first, and then things just kind of started not aligning very well. Everybody was kind of going in their own different directions. Things just kind of started taking a turn for the worse in the salon, and so I was kind of already looking at other options.

[A]

Why does it seem to be everything except for you, by the way? Why is it always things are going wrong somewhere else, like, immediately picking up on this? Why is it those who are like a victim and everything in life and nothing else is their fault are the ones who usually end up in the worst position, I. E. The people that come on the show. Oh. It's almost like it's a. It's like something's going on. It's like that mindset gets you nowhere. Who would have thought? I don't know.

[B]

I'm trying my hardest. I do have glitter in my hair. No, I'm. I mean.

[A]

So how's your business going this year? Your first year in business on your own? Tell me.

[B]

So it's only been a couple months.

[A]

You told me it was a year.

[B]

Well, this is. I'm in my first year of being in.

[A]

Okay, so what's happened these last two months then?

[B]

Lady, I'm doing okay.

[A]

What's okay?

[B]

I mean, my books are not full.

[A]

Can you tell me how much you made last month?

[B]

Last month?

[A]

Just your own nail tech business? What are you even doing it out of place?

[B]

I do have a suite mate. We rent a business suite together that we operate out of.

[A]

Right.

[B]

So.

[A]

So what did you make last month?

[B]

I want to say roughly 500. It varies month to month. So it's.

[A]

It's 500 varies month to month. It's been two months.

[B]

Yeah, I mean, it's varied month to month since I started. It just is dependent on business.

[A]

500.

[B]

Yeah.

[A]

Okay, so in terms of your four jobs, I'm hardly considering that one of them.

[B]

Okay.

[A]

It's a hobby that brought in a little extra. I'm sorry. There's a million nail techs. I'm sorry. It's gonna be an incredibly competitive field. I'm not saying you can't make it, but come on. 500. $500 a month? You weren't able to pull any of your clients from your previous locations, previous jobs, only $500 worth, so clearly none.

[B]

Yeah, but I mean, people don't get their nails done every day. I mean, I had you.

[A]

They tend to build up a bigger clientele. Three to four, and you clearly didn't.

[B]

I'm trying.

[A]

I'm trying. Interesting. It's an interesting philosophy.

[B]

I mean, what. What else am I supposed to do?

[A]

You may go drag work for someone else and build up a larger clientele.

[B]

For over a course of a few years. Offer a decent, like, commission pay.

[A]

Yeah, you make $500.

[B]

Yeah, but that's better than me going in and making a 30% commission.

[A]

30% commission with more clients, but it's.

[B]

Not guaranteed because even some of the girls.

[A]

How much a month are you making on average? In the previous position, you were bringing in a lot of clients. You were just jerking yourself off. You're incredible for that business. I was the queen. I did all the nails. I brought in all the ladies. I supported her business myself.

[B]

Again, it just kind of varied on depending on how needed. Go on. Six to $800 a month.

[A]

Okay, so no, you weren't actually a very good employee. I'll be honest. Okay, so it sounds like, no, this is not working. You have to build this up over longer. And now you're renting a suite. Okay, that $500 you brought in. Go ahead then. What's your rent?

[B]

So the way that me and my suite may have it worked out.

[A]

Yeah, go ahead. What's your rent?

[B]

The full rent is 542 or 742amonth. Sorry, Split between the two of us. And then she just takes a.

[A]

You brought in five commissionable.

[B]

Well, that's after she takes my commission to cover my part of the rent.

[A]

Why are you structuring it so weird instead of just paying half the rent?

[B]

Okay, I offered to do it that way. She. This was the way that she chose and said that it would be easiest to do is she just takes a person's not.

[A]

But she might make more money out of it somehow if it gets overly convoluted and you both don't understand it.

[B]

I think neither of us really have an understanding of it, but we're just kind of winging it.

[A]

And Colton's telling me right now, I mean, just the salon you had after the salon that you got fired, yet it Was you were kind of mentioning that you had bad vibes. Quote from you in the conversations. He had bad vibes. So you just left.

[B]

Yes and no.

[A]

Yes and no. So, I mean, that's what you've told the producers. So, yeah, let's go ahead, backtrack now that we're on camera. Let's do that.

[B]

So, yes, I left, but I wasn't originally planning on leaving fully from them. I had originally told them that I was going to step down to one or two days a week.

[A]

So what happened?

[B]

I just wasn't loving it.

[A]

That was a bad vibe.

[B]

My suite mate had made the decision on her own that she was going to kind of step out and do her own thing and offered me a place to do that with her. So I decided to take a leap of faith when I probably shouldn't have, but I did.

[A]

Oh, you jumped. And now you can just throw the rocks at the bottom.

[B]

Yeah, But I let them know that, hey, you know, I'm gonna be dropping down to one or two days a week and, you know, just to try and keep supporting.

[A]

Why didn't you?

[B]

Because a couple hours later that day, they sent out a message saying that they were actually just gonna close the salon. So they gave us till April.

[A]

That's weird.

[B]

Yeah.

[A]

So, okay, so $500 a month. It says that after equipment as well?

[B]

Yes.

[A]

I doubt it. Come on. Are you actually budgeting that? There's no way you would be budgeting.

[B]

That properly bought in bulk up front. Front. So there's. I have minimal cost.

[A]

Are you not aggregating it month to month, or are you just. Are you running it net month to month? So you have the boom, big expense that covers the next few months, but you just counted against that month. Or are you counting against the other months as you use this?

[B]

No, it's just kind of a.

[A]

How much did that cost? That big one time cost to start? Yes, because you're only two months in. So you did this, I guess, two months ago. How much was that one time cost?

[B]

Several thousand dollars.

[A]

Okay. I'm gonna die. That's wonderful. We have a really good entrepreneurial spirit in this country, and I love it. I love entrepreneurs. Let's go out there and grind and do. But oh, my goodness, so many people do this in such a stupid way. Listen, you didn't have a big supply of clientele that are able to come in and make up for those who don't come weekly, monthly, daily, all that stuff. Okay. You didn't build up enough people. You only worked at A place for a year. And you honestly weren't doing very well there for being honest. You were fired. So great. And you immediately decide, yeah, let me get on this legal contract to spit split a lease with someone. For how long, by the way, it's.

[B]

A one year lease.

[A]

Thank. At least you have that. But even still, one year. You committed to it. I did better than most commercial usually minimum three, but either way. And then you're like, well, let me go ahead and spend $2,000 that I certainly don't the have that has to be in this debt somewhere. No way. It's not to go ahead and get this up and running. Oh good. That takes four months to pay off at a minimum. Meaning we only get to see money eight months of the year. And that's. I mean honestly, how long will these supplies last? How many months of this rate?

[B]

I mean, they will, they'll last a good while. I mean, because now a good while.

[A]

Is an interesting time frame. I would love to dial that into a number.

[B]

I mean, a year.

[A]

Okay, so eight months is the realized profit we're able to get from that. Now I doubt you're setting any money aside for taxes, of course. Great. So let's talk about burritos then. First of all, actually, with 500, how many hours are you working for that 500?

[B]

I have a standard of about eight hours set open for my books for that day. But I'm not always. I don't always.

[A]

No, no, no. Tell me how.

[B]

No, no, no.

[A]

Tell me how many hours you worked last month in order to bring in that 500. How many. How worked?

[B]

So it's five days a week on average of about eight hours is what My books are open, but I don't have time.

[A]

Tell me how many hours you worked last month. Did you not understand the question? I literally just asked. I just had to repeat it. I'm sorry. How many hours in this previous month did you work that brought in $500 total, maybe 80. The is wrong with you?

[B]

I don't know. That's a guess.

[A]

Okay, so you made 6.25 an hour.

[B]

Mm.

[A]

Time to put the nails in the bag, girl.

[B]

You're not supposed to.

[A]

We're going and working a real job next. Okay, we're going to work in a real job. Okay, so let's talk about a real job. Burritos.

[B]

Uh huh.

[A]

How many hours a week are you working? Burritos. And what are you making with burritos?

[B]

So I work an average of about 20 hours a week and then I make 15 an hour plus tips.

[A]

So to be clear, you make three times. Would you make. Yeah. Three times what you make in the nails for hourly. And you work just as many hours doing that.

[B]

Cool.

[A]

Why has on your paycheck from Burritos.

[B]

2 weeks paycheck if I work the full 20 hours.

[A]

Why the would you not be.

[B]

If I'm. If I'm out of town or if I have other.

[A]

Why would you be out of town? Who the are you? You have debt, you make no money, you're trying to build a business and it's failing.

[B]

All of my family's out of town.

[A]

That sucks. They should come in. You're trying to be an entrepreneur. That requires sacrifice.

[B]

I do also try to. To do like local events and stuff like that. So if I have stuff like that on the weekends, what is a local event?

[A]

Back scratching with new nails.

[B]

So like, you know, we just did one recently that was like a Women's Day event to try and.

[A]

Women's Day. Yeah.

[B]

So it was a bunch of local. Local women. Local women, but local businesses as well. So we try to do that to try and get the business out there and get names out there.

[A]

Okay. That didn't work.

[B]

Yeah.

[A]

It's almost like that was a waste of time. Yeah, it's almost like probably half the businesses at the Women's Day event are nail techs.

[B]

Actually, it was the only one.

[A]

Surprising.

[B]

Yeah.

[A]

And yet it still didn't work. So.

[B]

Yeah, that's.

[A]

That's even bigger alarm bell.

[B]

Yeah.

[A]

Okay, so. Yes. What hits if you work your full 20 hours a week. Which. Yeah, better. The do.

[B]

I think it's right around 500.

[A]

So a thousand a month.

[B]

Yeah.

[A]

Oh, boy. Okay, then let's talk about. What was it? Doordash. Uber eats one of those.

[B]

Yeah.

[A]

Which one?

[B]

Doordash.

[A]

Okay. Doordash. Yes. How many hours are we doing with there? I'm sure it's variable, so give me average.

[B]

It is. I'm actually just getting back into it because I had a whole debacle with my car situation. So the last several months I haven't been able to do that. But I did recently start doing that again. I try to do it. I try to go at least like 5, 10 hours a week usually just whenever I get off.

[A]

Why aren't you picking more hours up at Burrito?

[B]

Because I don't want to take away from my time at the salon.

[A]

Well, you should because you make three times more money making burritos.

[B]

Yeah, I'm trying hustling as hard as I can. I Am I? I guess I'm trying to grow boss a little too hard, but I grab.

[A]

Off a little too hard. Okay, listen, I'll hustle with. I'm good with the hustle. Hustle's good. You're achieving nothing and going backwards. There are realistic conversations we need to be able to have with ourselves. I'm not saying don't do nail tech. I'm saying maybe do it for someone else for five years. Build up a list of clientele that are obsessed with you, then go off on your own. You rush this. You got fired from a job because you weren't very good at it, and you're probably a brat to work with and everything's everyone's someone else's fault is honestly kind of how you open this conversation. If we're being completely honest. And then you left another job because I had bad vibes. So, yeah, I want to work somewhere.

[B]

Where I don't feel comfortable or like. Like don't feel comfortable. Not, not. Like, not feel comfortable.

[A]

Yeah. What are you not feeling comfortable? Not like. Now that's the TR. Environment.

[B]

Work in.

[A]

What was unpleasant?

[B]

I just didn't. Oh, no.

[A]

The boss ran a business the way they wanted to. The way I wanted to.

[B]

It just was. No.

[A]

Why aren't you doing exactly what I am demanding? Oh, I'm a victim.

[B]

No, it was just poorly run, in my op opinion.

[A]

Says the person who is a former employee.

[B]

I mean, everybody who worked there is a former employee.

[A]

True. Okay. And maybe it was poorly run, but either way, what I am saying is you did not put in enough time to build clientele before going off on your own. I am not against this. You did not put in the work.

[B]

No.

[A]

Say you're a permanent grinder. Well, you did this in a very dumb way. You should have been grinding up.

[B]

Okay. But when more strategically, I. Okay, And I get that. And I probably, you know, the. The math on it between either going out on my own or going into.

[A]

Another $6 an hour.

[B]

I call it girl math. I don't know. Not my strong suit.

[A]

Isn't the argument usually. Make 80 cents on the dollar, girl, Compared to what you're making there, you're making 33 cents on the dollar. Compared to the burrito. Yeah, I prefer burritos.

[B]

Write off.

[A]

Also, everything's a write off. On What? You're not making money to pay taxes anyway.

[B]

Yep.

[A]

Are you talking about write off? Shut the up. Right off. What are you writing off? You don't even know what you're writing on. What's a Write off to you. What's a write off? If you write it down on paper.

[B]

That's anything that I spend that's pertainable to the business.

[A]

Anything you spend, I guarantee you, you go ahead and you get food and say this is pertainable to the business lunch.

[B]

Me. If it's a business meeting over a meal. Yeah, which.

[A]

Oh boy. Listen, you're probably not going to get audited because you don't make. No, but you wouldn't hold up under scrutiny, I promise you that. Are you working with the cpa?

[B]

No, I do my taxes myself.

[A]

I found another one. Ding, ding, ding. I know you're in the comments.

[B]

You shut your mouth.

[A]

Okay, so, Doordash, we're working an average of, I think you said ten hours a week.

[B]

Five. Ten hours a week. Just great.

[A]

What's that bringing in on average a month.

[B]

I try to do it to a point where I bring in at least a hundred dollars a week. So I try to bring in an extra $400 a month.

[A]

Yeah. Okay, now 400amonth before gas write off. But before gas though.

[B]

Yeah.

[A]

Before maintenance. Okay. Just because it's a write off doesn't mean the expense didn't exist though.

[B]

Yeah, but you have to spend money to make money.

[A]

What does that mean to you?

[B]

You have to spend money to make money.

[A]

What does that mean?

[B]

You have to put forth an initial investment or something in order to see a return on it.

[A]

Sure. I mean, yeah. I mean, you can start a YouTube channel and that initial investment could be a phone camera. Yeah, that's fine. I'm not saying you're not spending gas, but if we're Talking about the 400, you're like, well, it's a write off. The gas.

[B]

Gas on that. I'm already spending gas to drive to all of my other jobs.

[A]

Yeah, you're spending more on doordash. But either way, what I am saying is just because it's a write off doesn't mean all of a sudden you keep that 400 just, oh, boom. Okay. It doesn't ignore you still spent money. That money does not exist anymore. So if we're calculating what you spent versus what you brought in from doordash, I'm gonna say maybe 300amonth.

[B]

Yeah, I mean, like I said, I usually try to do minimum of $100. So if I know that I have to get gas A week. Well, okay, yes, a week. My apologies.

[A]

I'm gonna say 300.

[B]

Yeah. But if I know that I have to get gas job, I will. What was your Fourth job, I also pet sit. Right.

[A]

How many hours a week are you doing that? And why aren't we just committing to one or two? Okay, how many hours a week are we pet sitting?

[B]

It's variable. It's not something that's super consistent to me. I mean I maybe get one or two bookings a month every other month or so.

[A]

Every other. So what can we even allocate to that?

[B]

If you break it down, maybe $200 a month.

[A]

Let's talk about student loans. I know it's something we all avoid talking about, but if your private student loans are crushing you, why Refi might be exactly what you need. They don't rely on your credit score alone. They look for borrowers who have the desire and the ability to repay. That is a game changer in a market where most lenders only see a number interest rates under 6% guaranteed. That's practically a unicorn in student lending. Plus they offer structured payment plans to lower your monthly bill and even a co signer release program so your mom and dad can step off the hook. Why? Refi is known for their personal service. No faceless call centers. You get a dedicated rep who actually cares about your progress. They've got a 4.6 star rating on Google which tells you people genuinely like working with them. So if your private student loans are burying you, it is time to reach out. Why? Refi wants to help you climb out of debt, not push you further into it. Check them out at yrefi.com hammer that is yrefy.com hammer or call 889-733-978 that is 88973. Break free from the high interest trap and get your finances under control once and for all. Okay. All of which, except for burritos are contracted and I guarantee you're not setting anything aside for taxes. Not that you would honestly have to pay much in general. But yes, there are things that contractors have to pay for. Self employment, taxes, got to take care of your own Social Security, all that good stuff that comes out of the gate.

[B]

I mean I'm trying to get more like pet sitting clients, but a lot of you.

[A]

Except you said every other month a.

[B]

Lot of the ones that I had died.

[A]

That's what happens to animals, sadly.

[B]

So I, I mean I can't, I, I can't. They're not gonna pay me to go sit with their ashes.

[A]

No. But other people get pets.

[B]

No, I know. I mean I'm on Rover and I do get word of mouth clients from people who I already do Pet every.

[A]

Other month, you said?

[B]

Yeah. It's not super lucrative.

[A]

Okay.

[B]

It's money.

[A]

So even total, before we set anything aside, is $2,000 a month is what you literally make. You are not existing on $2,000 a month. That is impossible.

[B]

I also donate plasma.

[A]

Okay, well, okay. Are you going to consider that one a job too? What are you making a month on that?

[B]

So it's 120 a week. So depending on how the weeks in the month land, it's anywhere between 480 and 600.

[A]

Let's call it 4. Well, let's call it 5. 50.

[B]

Okay.

[A]

Okay. So 2,550. Still, believe it or not, not enough money to really survive.

[B]

Correct.

[A]

That is $30,000 a year. Yeah. Something's not working here. And you're completely.

[B]

Well, it's not me because I'm very clearly working. Hustling. Sorry.

[A]

Hmm.

[B]

You just. You said all I do is side hustles. I don't have an actual job.

[A]

If you were committing to one. Dude, you could make any of these an actual job. Obviously, the nails are. I mean, yeah, I could.

[B]

I could commit to more hours at the burrito place, but I also don't. That's not. My passion in life is not rolling burritos.

[A]

My passion in life is you being able to pay your bills.

[B]

I mean, yeah, I would love to be. I mean, I do pay my bills. My bills are paid.

[A]

I pay my bills. My bills are paid. You spent $10,005 last month.

[B]

Majority of it is probably write offs.

[A]

Are you broken? What the are you talking about? I don't understand what you think is going on in this world.

[B]

Money comes and goes, and I'm trying to make it.

[A]

Money comes and goes, but it only goes for you.

[B]

Okay, Dave Ramsey.

[A]

What? You spent four times what you brought in. You spent four times what you brought in. What do you expect to happen with that? Where does that lead?

[B]

I don't know.

[A]

So why the are you doing it? Listen, if you're making a small amount of money, you gotta budget it more than anyone. $30,000 is hardly enough to live on. That's very. That's very low for a high cost of living area. So what the. How can you stretch that if you don't know where your damn money is going? I guarantee you did not know you spent 10,000.

[B]

I did not.

[A]

Huh. So how the do you not know? I. Why are you not budgeting?

[B]

Thought I. I'm trying. I just don't. I don't know how.

[A]

I don't know how.

[B]

I Don't know how everything that I've tried. As far as how people tried.

[A]

What have you tried?

[B]

Well, at this point I'm just trying to work my life away and consume all of the hours of the day with that because I'm not spending money.

[A]

Tell me what you've tried. Budgeting.

[B]

I've tried, you know, I've tried doing, setting money aside but I don't have a whole lot of money to set aside because my bills have become so consuming of everything that I make that it's just, it takes over everything. I don't really like this one. I don't really know how to do a budget plan because everything I make goes to pay bills or for a.

[A]

Business, know where money goes. So how can you even say that if you don't budget to figure out where money goes? How the can you even possibly say that?

[B]

I mean I've tried, I tried rocket money for a little bit and that it just was so confusing me around your nail tech. Social media.

[A]

I know that you literally have no social media presence.

[B]

Yeah, it's very small, but I'm, I'm working on it. It's a new business.

[A]

What the fuck is happening? Like social media, that's my game, has no social media presence.

[B]

I mean I pay for advertising. I can't afford that, so I'm trying anything.

[A]

The only thing you actually can afford, unfortunately is going and getting a real job. What's your education? What's your background? What do you have? What can we do?

[B]

So I am dual licensed in Florida. So I'm licensed as I can do nails and I'm licensed as an esthetician also.

[A]

Oh, great. Okay, so two things that make no money. Okay, wonderful, great. That's fantastic.

[B]

Me.

[A]

Okay, so no college, right?

[B]

Not a completed degree, no.

[A]

How long did you go?

[B]

Several years.

[A]

For what?

[B]

General education. I switched on gen ed.

[A]

I mean so the credit hours still exist. So you could go to a community college, hopefully get an associate's degree, try to get free some kind costs money. But listen, student loans might be worth it. If it dramatically increases your income. You make the bottom half of the income ladder substantially. Like you were not in a good place.

[B]

Yeah.

[A]

So it's a dual household income or is this just you?

[B]

It's just me.

[A]

Okay, then you're. There's, I mean there's no other way. This is not a livable situation in Melbourne. And yet you are working yourself to the bone in a completely insufficient fashion though you're not going to be able to survive.

[B]

Yeah, you're not going to be able.

[A]

To do this long term. How many, how much longer? Can you put this many hours a week into this work to make nothing?

[B]

Not much, you know, it's pretty miserable.

[A]

And you're stuck into this lease for a year, contractually. Right. You signed it out of line.

[B]

Yes.

[A]

I bet you damn did you. So tell me what the, your plan was gonna be. Please tell me what your plan was. I want to assess it, wing it. Okay. No, no, no, that's your plan.

[B]

That's, that's literally, I mean it's, I'm flying by the seat of my pants. I don't, I, I don't have an actual plan. I, I, I have no clue what I'm doing. And obviously that's very clear, but I.

[A]

Am so I'm trying. You're just, every day, you just wander, you never think, you never think what you want to do. You have no plan. What? Listen, a lot of people on this show, yes, they're doing it wrong, but they at least have an idea of a plan, a concept of a plan, some would say, I mean, I know.

[B]

Where I want to be. I would love like, I have an idea of like the crowd and the clientele of people that I would love to do with. Honestly, I would really like to work with drag queens, making nails for them. And then I really am trying to get into the younger crowd for nails because a lot of what I do, I, a lot of the people I service.

[A]

Yeah, but that's the people that don't have as much money. The people that are older have the money.

[B]

Not a lot of people. And that was, that was a big thing.

[A]

How many drag queens are there?

[B]

Oh, more than you think, probably, but.

[A]

Enough to sustain multiple clients a day indefinitely, 365 days a year. I mean, how many drag queens do you personally know?

[B]

Personally? 1.

[A]

Oh, ladies and gentlemen, it's a foot in the door. This is a thriving small business.

[B]

It's a member when there's like A.

[A]

Statistic said 95% of small businesses fail within the first year. This is what's considered in that statistic.

[B]

But I'm not, I, I, the business is open. I haven't had to close. I'm sustaining it.

[A]

What's your rent for the biz?

[B]

I, I cover three. Oh, are my household rent 500amonth?

[A]

You're lucky. But even that with your income is unfortunately bad. Yeah, 500 should be a blessing of a rent, but 2, 500 before she has to pay any of the self employment stuff is still 20 of your income. And how long is that gonna last? When that rent's gonna go up? When are you gonna get out?

[B]

So I actually live in a house with two of my friends, so that rent is just kind of controlled.

[A]

You're not gonna say the landlord's gonna raise rent.

[B]

They own the house.

[A]

Your friends own the house.

[B]

They own the house.

[A]

You're beyond lucky. You're beyond lucky, man. You would not be able to do that if you were not being subsidized by your friends.

[B]

Correct. I'd be homeless.

[A]

What do you think your financial score is? 0 to 10, 0 being the worst, 10 being the. I literally just gotta note that she does not like her friends that are subsidizing her. She doesn't like them. She actually dislikes her friends that are literally subsidizing her entire life. This is great. This is. How. What life are you living? Why do you not even like them? The people that are.

[B]

It's not that I don't like them. I just don't.

[A]

I don't.

[B]

I don't love the living situation. I love them as people. I don't. I don't love the living situation.

[A]

She's backtracking. She's on camera now getting called out. She's backtracking. Oh, we love a mean girl that completely on the people.

[B]

That's my roommate to death. I don't love the living situation.

[A]

What's the living situation? You getting subsidized living.

[B]

It's.

[A]

What's the living situation, lady?

[B]

I just don't like living with them, okay?

[A]

What is the median rent for a one bedroom in Melbourne?

[B]

A lot more than $500.

[A]

Dude, you're broken. What kind of entitlement complex do you have? Why do you not like living with them?

[B]

I just.

[A]

Tell me. I just don't.

[B]

I don't. I. I don't do well with roommates and I.

[A]

Why? Because you're a.

[B]

No, because I like my personal space.

[A]

Who the doesn't? But everyone gets roommates. You are literally being blessed that they are not going to raise the room.

[B]

No, I know, and I appreciate that.

[A]

You appreciate it. You literally hate stuff that I have.

[B]

Put myself in to be in that situation.

[A]

Are you not working and not being.

[B]

In a. I am working, first of all.

[A]

Come on. You're doing hobbies. Income on paper, you're doing hobbies.

[B]

I'm not doing hobbies.

[A]

Yes, your nail salon is a hobby.

[B]

Every business starts somewhere.

[A]

Your business hasn't started. Your business is a failure.

[B]

My business is two months old.

[A]

Exactly. That's and it should be zero months old because it is not working. Okay. You have no marketing abilities. You go to a woman thing and no one's even there that is marketing the same kind of products and you didn't even bring anyone in. You're a failure. Median one bed rent in Mel, Florida $1,310. Good the luck. Good the luck. And you hate them. You hate living with them.

[B]

I don't hate them.

[A]

Well you dislike them. That you don't even like them. Specifically what you told them. Uh huh. Ladies and gentlemen, a financial audit. This is one of the most exciting moments in this channel's history. You know I've been working on building all these educational tools, our budgeting app, all this crazy stu this past year because that is where my passion is. We finally did it and now we put it all into one program called Dollar wise Central. You get the premium version of my budgeting app. You get the cookbook mailed to you and signed by me. You get to learn about debt investing, budgeting, real estate, basic beginner stuff and finance all the way to the advanced stuff collaborated by experts with the lowest refund rate in the industry for a reason. And guess what? Just for the next next two weeks you can try it for free. If you are struggling or you want to learn more or you want to change your life in any way whatsoever like literal tens of thousands of people have done with our programs, go to Dollarwise.com click that link below. Your life will change. It'll be incredible. And I am here for you with an incredible support team that you can reach at any time. This is a no brainer. Dollarwise.com let's find Go and you want to move away from your clientele you already have.

[B]

I actually would like to move out of state.

[A]

All right, good the clock. What do you think your score is? 0. 10. 0 being the worst, 10 being the best.

[B]

Generously 1.

[A]

Why would you even be generous to yourself instead of realistic with yourself?

[B]

That's what I would realistically zero.

[A]

Yeah. If you want your financial score, take the assessment it is free@caleb hammer.com or the link in the description below. And if you don't want to be like a guest that shows up on financial audit, download the Dollar wise budgeting app. Made it just for you guys. Made it just for myself as well. Take the free trial. Sign up for the annual version if you want to save a lot of money. And get our budget friendly cookbook signed by me direct mailed directly to you and sign up for Dollar Wise Central the all in one program that is 80% off where you get all of our educational programs and the premium version of the budgeting app dollarwise dot com. All right, let's get into this first one. Walmart. Walmart? What? Walmart credit card. Is that what this is?

[B]

No, it's. That is a 401k account from when I worked for Walmart.

[A]

Did you just pull out of your 401k?

[B]

I'd close the account.

[A]

Best decade of compound growth in your entire life. This the is.

[B]

I had good reason.

[A]

Yeah, go ahead.

[B]

I tell me I had to buy a new car.

[A]

Why didn't you borrow for it instead?

[B]

Because I was. I already had an outstanding auto loan on a vehicle that wasn't running and because of my debt to income ratio I was not eligible for another Uber.

[A]

And save for a while. Go get a real job instead of taking over tire future Uber.

[B]

One way we've looked because it's about $55 one way.

[A]

$55. But you're throwing away your entire future.

[B]

Working three, four jobs a day. Or even if I'm working two jobs a day that's a 150 to $200 round trip just for me to go to work. I don't bring in enough to.

[A]

No, because you have to get another job. This is all leading up from your decisions. Listen, I am not saying you cannot get another car or make sacrifices to get it. But it is your choice that you are working jobs that is giving you no money. It is your choice.

[B]

It's hard to get a job in that area. I mean I haven't even tried to do. No, I did there was before I got.

[A]

Well, you but you haven't marketed yourself very well because you have no experience.

[B]

That would relate to a real job of my. My, my own business and even trying to get a job literally doing anything. I'm not joking. I would come home and I would sit in my car in my driveway for hours on end and I would put in. I'm not kidding. Upwards of 100 job applications in your day. Yeah, in the driveway before I got in the house.

[A]

Obviously you are not doing very well applying to these jobs. If you're just sitting in your car you're mass applying instead of curating a resume. If you do not curate your resume, you are not getting a job interview.

[B]

But if I'm just looking at a part time job then I didn't feel like I genuinely needed to curate. If I'm applying to McDonald's and I'm applying to like Burger King and Taco Bell and all those places, you have.

[A]

To write a resume, even on McDonald's. You know why? You know why? I'll tell you. Because if you're not curating it, that means your resume is likely for the jobs you want. And if your resume getting submitted to McDonald's is for the jobs you want.

[B]

But if they're not, then they're just getting resume.

[A]

No, no, no, no, no, no. You little. Then they're just going to see that you are only accepting that job for a temporary period and you will immediately leave when a job you want opens up. If your resume submitting to a service job is suggesting you're going to leave immediately to get a different job, then why would they hire?

[B]

But even when I was using a resume that had service experience on it, I still was getting no calls. I tried for months to get a new job and I don't.

[A]

I did the way I believe you tried. I do not believe the way that you actually curated it specifically for them. I immediately disagree with what you're saying.

[B]

I mean there was service on there.

[A]

But it's not just service experience. It's the entirety of the resume, the skills that you're marketing on there. What you say your most recent thing.

[B]

Is even what I do, even even as a nail tech, what I do that translates over. Because it's all customer service.

[A]

It's not about that lady. It shows that you are likely going to try to get into nail tech again. So why would they hire you if you're only going to be there for a month? This is just simp strategy. How much did you pay for those eyelashes?

[B]

A dollar 25.

[A]

Okay. Thank goodness. And they look like it too.

[B]

Thank you.

[A]

Oh my.

[B]

Only the finest for you, my dear.

[A]

Are you talking about?

[B]

I don't know.

[A]

Listen. 34 years until you're able to pull from these retirements penalty free. That $7189.18 would have turned into following something like the S&P 500 212$403.

[B]

Well, it wouldn't have done me any good that far down the line if I didn't have a car to sustain.

[A]

The you not being able to get a car is by the choices you've led, by your inability to properly apply for other jobs, by you going into a career field that is honestly a little kind of overly competitive, overly saturated kind of bull. And you chose to do that instead of completing your college the way you were doing it with gen EDS and going into a field that would have made more sense. This is an endless amount of decisions that had led to the consequences where you were forced to pull from your 401k and I have less sympathy on it because you chose all those things that led you to that situation.

[B]

I mean I didn't necessarily choose to have to make that financial decision. I didn't want.

[A]

Did you not listen to anything I just said?

[B]

I did not want to have.

[A]

Did you not just listen to anything I just said? You made the choices to go into a career field that is overly saturated and would not make that much money.

[B]

But I didn't know how oversaturated it was until I got into it.

[A]

Are you kidding me? No. I have the inability to use Google.

[B]

No, I do. But as an independent nail tech. I. You. I don't think you truly see how saturated the independent side of the business is outside of. You know, the didn't even need to.

[A]

Go work for someone else.

[B]

The stand.

[A]

You made more money working for someone else.

[B]

A standard salon that you see on every street corner. Those are terrible.

[A]

Terrible.

[B]

What the service. The service.

[A]

Then go be good service. I am brought in 600 hours a month working. Okay.

[B]

But also it's one of those things that people in my area are A lot of what I have in the area that I live is retired older folks. So for.

[A]

They have money.

[B]

No, they don't though. That's the problem. That's why I had a large. That's why I had a larger clientele at the previous salon that I was at because that was a budget friendly salon and they'd be a budget friendly person. I'm not doing nails for $25.

[A]

Then don't make money.

[B]

My. Okay, I wouldn't.

[A]

You're making 500.

[B]

I wouldn't make money anyway because then.

[A]

You picked the current wrong career field. I am your turn. You make no money. You have no ability to talk on this. You don't do it.

[B]

I did it because it's my business.

[A]

Your business is a failure. I think I can speak on this.

[B]

And I'm more than how many other people helping you. It's me.

[A]

I started just me. I didn't hire someone until six months. Okay.

[B]

And that's fine. But how well were you doing up until you got more people on your team?

[A]

$10,000 a month.

[B]

Okay, well it was that. How soon after you started?

[A]

Immediately.

[B]

There's no shot. You said day one and you made.

[A]

10,000 one month in.

[B]

Okay, I But. And that's my thing is I don't want to interesting.

[A]

Almost like she has no idea what she's talking about.

[B]

I don't want to have to pull all of my ATT away from the career and the business that I am building because this is something for me.

[A]

From the hobby you want to do.

[B]

It's not a hobby.

[A]

It is.

[B]

You make no money career. There are people who make money from it.

[A]

But you have one of them start.

[B]

I'm two years in.

[A]

Good. You should be working for someone else and building up a client list.

[B]

But that's not what I want.

[A]

This leads me to having no sympathy when your car breaks down and you're no longer financially able to go get another car. This was the choices you made for your hobby.

[B]

Okay.

[A]

But I have now your car.

[B]

For any job. I have to be able to get to work.

[A]

I agree. If you had a real job, you would have made more money and you could have saved up a fully funded emergency.

[B]

You're still looking for a new job.

[A]

You're not applying correctly. We just went over this. If you're not willing to accept anything I said, then get the off this show.

[B]

Okay. The car situation is. It was something unavoidable. I. That is not something I wanted.

[A]

I'm not arguing against that. I'm saying you made the choices that led up to you having to pull from your 401k.

[B]

The car breaking down unexpectedly.

[A]

Oh, she's. She's okay. She's incapable of listening. She's an actual. And I'm going to move on. I'm sorry. Are you like actually stupid? No. That's. So. Are you incapable of hearing anything I just said?

[B]

No.

[A]

You. Yeah.

[B]

No.

[A]

Thank you. At least you admit it.

[B]

I think you should slam him one more time.

[A]

I just don't understand how you are going to. No. I think your roommates probably hate living with you. And I understand why your first boss fired you. Everything's out of your control and there's no personal responsibility.

[B]

There's a lot that is out of my control. But I do take responsibility for what is in.

[A]

I heard once.

[B]

The car. How am I supposed to control the car now?

[A]

The decisions leading up to it. I never argued that the car wouldn't have just broken it. Is the decisions leading up to it. Your career choices, your lack of staying at a job. Your inability to keep on without getting fired. Inability.

[B]

I have plenty of jobs.

[A]

Inability to curate your resume to other jobs.

[B]

Okay. That I will admit. I'm not the greatest. I don't understand.

[A]

Wow. One thing she's willing to accept. The one thing in her life. Okay. And what kind of car did you get by taking out from your 401k, facing penalties and getting tax at your income? He had Federal tax withheld 20%. You only received the 5,700 from the 7,100 you brought in. Great. Would have been worse. Worth a couple hundred thousand by the time you're retired. Wonderful. What did you get?

[B]

It is a 2005 Volkswagen.

[A]

Good. How much did I cost?

[B]

5,000.

[A]

Good. Okay. I accept. I would have rather. Well, never mind. You can't because you. You don't have the job. I was gonna say I'd rather take out a 401k loan, but then that doesn't.

[B]

So I looked into taking out a loan on it, but the loan balance available for me was only 3,000. Yeah, and that wasn't. I would have had enough to. Yeah, I wouldn't have had enough to.

[A]

Well, if you had a real job, you would have saved that money and you would have been able to do it.

[B]

I'm trying to make it a real job.

[A]

No, you're not.

[B]

Yes, I am. Dude, you're putting so much into it.

[A]

Because I know you're putting a ton of hours into your six dollar an hour hobby.

[B]

It will get better. No, it will.

[A]

Says me. How?

[B]

Because I am going to manifest it. It.

[A]

She's a moron.

[B]

Say what you will.

[A]

Let me guess. You're just using an investing app that doesn't invest in you. It is time to change that. Right now, Weeble is offering up to a 3.5% match when you open an IRA with them. That is real money going into your retirement, not just points or coupons. And that's just the start. Deposit $100 and you get 30 days of Webull Premium anywhere from 2000 to $10,000 sitting around in your account. Move it to Webull and get $200 in cash. And if you worked your way up to $5 million, that's $30,000 in your account just for moving it over. It is not just about the perks, though. Webull provides the tools that serious investors want as well. Trading view integration, real time data, zero commission trades. It actually works on all your devices. And now through September 30th, you can stack even more. Get a $100 cash bonus for a $2,000 deposit, plus a 2% cash back on all deposits and a 30 day premium voucher and a 4% APY booster on any uninvested cash. It doesn't get better than this, so stop overpaying for a Platform that gives you nothing back and make the switch to Webull. Go to webull.com kaleb or hit the QR code or the link below. Let's get back to the show. Okay. Was there a loan on the other car that died?

[B]

No. So I have a personal acquaintance, actually, who loaned me the money to pay off the loan to the bank so that I can get rid of the car.

[A]

Right, right, right.

[B]

Well, I couldn't do anything.

[A]

Remember when your debt to income, then you couldn't borrow. That also would have been solved if he had a real job as well. Yeah, instead of your bull.

[B]

You're right.

[A]

Okay, city, what's going on with this card lady? Reminder. 10,000 hours spent in the last month.

[B]

That is majority used for my business expenses.

[A]

City, double cash. It's not even a business credit card.

[B]

Nope.

[A]

Harder to separate business expenses. Yeah, let's find out.

[B]

Everything's a business expense.

[A]

That's not how that works. But also, there was no spending on here, so I don't. I don't know.

[B]

It's because it's maxed out.

[A]

Oh, it's maxed out. Okay, great. So $4,174.20 is owed on this. Dude, why. Why do this to yourself? $153 is your minimum payment, and 36 cents, $111.36 of interest occurred in the last month. How long does this take to pay off? If you make minimum monthly payments without any purchases, which I assume when you have the ability to make a purchase on this, you will. Again, how long does this take to pay off?

[B]

Probably a couple years.

[A]

Okay, 15.

[B]

Okay. I mean, I have no words for that. I spent it. I don't. I. I needed the support. For the business.

[A]

41 years old. Yeah, for the business. You said you spent $2,000. There's 4,100.

[B]

Several thousand dollars.

[A]

How much was that one time cost?

[B]

Several thousand dollars.

[A]

Okay. I'm gonna die. That's wonderful. Didn't we narrow it down to two? You spent $4,000 getting this up and running.

[B]

I spent more than that. But how much did you spend? Not all on that.

[A]

How much did you spend then? How much?

[B]

I couldn't give you an accident.

[A]

Give me the best guess.

[B]

Probably $6,000.

[A]

Oh, you're. You're. You're. You're dead. You're dead. There's no way. You kidding me? That's an entire year's. That takes a year. And then you said you have to do it again because it only lasts a year. So you'll never make a profit.

[B]

Well, it's not. No.

[A]

This is not a business. Officially. Officially lined down is not a business.

[B]

Bulk supply up front. So like okay for me to buy furniture and decor and everything to get the core.

[A]

What is she?

[B]

Who is she? Do you want to go somewhere for a service that is supposed to be relaxing and. And all these things and you go somewhere and it's just a white wall. Doctor's office.

[A]

No joke. You. You go and get a bucket of paint, lady.

[B]

I did. It was $75.

[A]

There you go. Instead of.

[B]

But I also had to get no stuff. I had to get decor for the walls.

[A]

I had to get a desk in the wealthy area. On Facebook Marketplace.

[B]

Some of it is used furniture. Some of it is not $6,000.

[A]

Unacceptable. Unacceptable. Unacceptable. Unacceptable.

[B]

A new piece of furniture was equitable almost to buying used in the area.

[A]

Unacceptable. No, you don't buy something you just can't afford. This is.

[B]

I mean I afforded it somehow.

[A]

You didn't. It's accruing interest. Don't be a dumb.

[B]

But so I had to buy. So. But okay. But like I won't have to buy furniture again. A lot of my.

[A]

You will though. You'll want to. You'll want to upgrade and trust.

[B]

I'm sure.

[A]

You know what's really interesting? This decked out place that needs to look cozy and all this stuff brings in 500amonth. So. What an investment. What an incredible investor you are. Manage my money, please.

[B]

I will.

[A]

Trip planner by Expedia. You were made to outdo your holiday, your hammocking and your pooling. We were made to help organize the competition. Except Expedia made to travel.

[B]

No, but like I. I won't have to buy a new nail desk. I won't have to buy a new pedicure chair. I won't have to buy a new. You know.

[A]

But like she's.

[B]

But okay. But like nail polishes. You only go through so much and stuff like that. It's not super expensive.

[A]

And this year so far, 500. So this year so far you already lost a month's worth of income. Add that onto the purchase that were put on this car. This is a 13 month thing. 13 months of your income in order to get this up and running.

[B]

Okay.

[A]

You're 29.99 interest rate. Good luck. Good luck. I just. I don't even know. Man. What the.

[B]

What is wrong with her?

[A]

Colton just told me the salon offered to sell her their tools but she said I'd rather just get new because.

[B]

The cost that they were asking for used tool, like heavily used tools.

[A]

Bargain them down if they were tried.

[B]

But it was. It. It literally with it.

[A]

Okay, but how much would same total?

[B]

A dollar or two per item or.

[A]

The whole thing I'm for. Okay, so first of all, I don't trust you based on everything you've talked.

[B]

About for me to buy used tools that were not.

[A]

Here's a direct quote from you in usable condition. I have a direct quote from you that you bought all. All new nail polishes because the old salon stuff had, quote, had bad energy, unquote.

[B]

Nail polishes? No, because the nail polishes were not up for sale. But as far as my tools and stuff like that, yes, I did buy new ones, but that those are also something.

[A]

You have had bad energy, unquote.

[B]

Yeah, because I didn't want to bring any of that with me. I didn't, I didn't like the energy in there. I didn't like the. I wanted to. I wanted a clean slate. I wanted a fresh start. And in my mind, if that meant spending a couple extra dollars, then it was worth it to me.

[A]

No, it literally worth was not. No, don't use the.

[B]

The word worth. Worth. It was worth it to me.

[A]

No, it wasn't. Mathematically, no. Personally, you.

[B]

Well, I girl masked the hell out of it and it made sense to me in the moment.

[A]

Okay, you're gonna make everyone hate women. You're gonna make everyone hate women. If girl math immediately.

[B]

Do you think people don't already hate women?

[A]

It's 50 of the world. What are you talking about?

[B]

Okay, well, majority of the world hates women anyway.

[A]

Women hate. I love women. Big fan. Personally.

[B]

You're one of the few, I guess.

[A]

Give me all them.

[B]

Clearly not all of them because half of us like this.

[A]

So that's you. You just said girl math. Like, I don't understand why, why bring to your entire gender this negative connotation that you're inable to manage money? Why do that to yourself?

[B]

Because that's how everybody else already looks at it.

[A]

Women.

[B]

Nobody else.

[A]

You're setting it.

[B]

I mean, yeah, you can look at it. I'm. I did the math and it was piss poor math. And that's fine. And I'm sure someone's going to turn around and say, oh, well, that's just the girl math for you. Financials are not my strong suit and.

[A]

I'm very aware of that, obviously. But there's so much information out there and yes, of course we have a paid version that curates it all makes it much easier to go through and provides good educational services. And we give you that for free. We'll give you dollar wise central for free. But either way out there, if you put in the extra work to organize it yourself and try to determine what's the best sources, you could have figured it out.

[B]

But I have tried. And I mean that's I'm.

[A]

But you haven't been able to tell me what you've tried.

[B]

Okay, so the best version of a quote unquote budget that I can tell you that I've done for myself is once a month I'll sit down and I'll go through and I'll write down my expenses, either on paper expenses that.

[A]

Have happened or up and coming expenses.

[B]

No, like current, like all of my credit, you know, all of my credit card debt, all of my monthly bills. So whatever I have to pay on a monthly basis.

[A]

What's your intent with that? So you write it down and then.

[B]

You just leave it to just see. To see.

[A]

Okay, so what does that achieve? What does that achieve?

[B]

I guess it just, it more so gives me an idea of what I'm. What is going to come out of my pocket this month for expenses that I cannot avoid and kind of give me an idea of okay, where do I need to be financially bringing in money to be able to make sure I can keep myself at least afloat for this month.

[A]

I'll tell you what's a dumb budget. Going to a big beauty expo in Orlando where you bought your suite mate's ticket as well. You spent around $800 in total and called it it a quote a business promotion unquote.

[B]

I mean it is a business expense. It is a write off.

[A]

You don't have any money to write off. You already overspent everything you're going to make this year. Yeah, what you're not going to. All of a sudden you think if you write off beyond zero, the government just gives you money. What do you think happens?

[B]

No.

[A]

So what is the point? What do you think happens here? You need money to pay your bills.

[B]

But you have to spend money to make money. In a business standpoint, you do the.

[A]

Collapse of the American empire. What is going on with ihg?

[B]

So that card is also pretty much maxed out for what I put most of my travel expenses on there.

[A]

Why the are you traveling? You make no money. You make no money. Why are you traveling? Who are you $6272.59 on here? Yeah. Maxed out $205 minimums. You pay what the is your travel.

[B]

So I mean business trips.

[A]

Your business.

[B]

My business is not nothing, first of all, my business is not nothing.

[A]

Objectively, it's nothing.

[B]

You spent more than to me.

[A]

I don't give a. You, that means nothing. That is a joke. Your business brings in $6,000 a year. Shut the up. That's a lemonade stand. Shut up. Up means something to me. Who gives a.

[B]

But that is also expenses for like trips home to go see family.

[A]

Where's family?

[B]

Illinois, in Missouri.

[A]

Then don't be in Florida. I don't know what to tell you. Okay.

[B]

But financially I can't leave Florida at this point.

[A]

Financially, you can't stay in Florida.

[B]

Well, I. I am hoping within the next year to be able to move back home.

[A]

To where? Where is back home?

[B]

Specifically back home is Illinois, but I'm probably looking closer to the Missouri side because I live right on like the river.

[A]

What is that? St. Louis?

[B]

Yeah, General area.

[A]

A declining city outside the city.

[B]

I'm not going to go downtown.

[A]

But not talking about just downtown. The metro area has a declining population.

[B]

That's what you want to disagree is this.

[A]

You would disagree.

[B]

They've had a boom in certain areas over there.

[A]

Huh?

[B]

They've had a boom in certain areas over there.

[A]

I'm sure a couple suburbs specifically. But the entire metro area.

[B]

No, but you look at like Chesterfield, St. Char, O', Fallon, St. Peter's all of those areas are growing. I mean even my hometown is growing.

[A]

Okay. St. Louis is gone from 1990, 396000 to 281 000. Shut the up.

[B]

I mean, yeah, if you're looking at St. Louis specifically, I mean it's. It's a violent city. People don't want to live there anymore. But there are still people coming to the outskirts and the surrounding areas of that St. Louis in and of itself is obvious. Is not great, especially when you're. I mean, I grew up 30 minutes south of East St. Louis. It's one of the most dangerous cities in America. But obviously people aren't moving to East St. Louis, but they're still moving to the surrounding areas.

[A]

Listen, I'm not saying people aren't going to move in, but either way, if we're in a declining city, is that where we're setting up a business? At least you can live for free with the family. But that doesn't make sense.

[B]

I don't have family that I can live with with. This would be an individual expense.

[A]

Why you're moving back for family, right?

[B]

To be Closer to family. But I don't per se have family that I can move in with.

[A]

What do you mean? No one's willing to let you?

[B]

No.

[A]

Why?

[B]

Family drama.

[A]

Then why do you want to be close to them anyway?

[B]

Because I do still have family that I'm close to and while financially.

[A]

But they won't let you move in.

[B]

They may not agree with the things that I've been doing.

[A]

Well, because you're financially like a child.

[B]

I mean, it's not even that. It's things outside of that as well that have happened or been said or.

[A]

Tell me. Just no, tell me.

[B]

My mom likes to run her mouth.

[A]

Yeah. And what does she disagree with and what has she said?

[B]

She's just not a good person.

[A]

Yeah. Tell me.

[B]

That's something I'd really prefer not to get super into.

[A]

That's fine then. What the are you talking about? You said there's family members that disagree with your finances.

[B]

I mean. Yeah, there are. So tell me that they don't think that I should be doing what I'm doing. They think that I need to find a quote unquote big girl job.

[A]

Objectively, they need to.

[B]

But also, and this is where I struggle with that because my family also very has the mentality of prove people wrong. And so while yes, you're proving everyone right, but I'm working towards proving them wrong.

[A]

Nope, nope, nope. Literally. No, that is, that is not true. I'm sorry. That is not true. Then what would your plan be when you're there? Money?

[B]

Work. Probably get work. Probably go back to serving where I used to serve because I made really good money there.

[A]

And full backwards though. You're not trying to.

[B]

But then I would still, I would probably flip the script and I would probably go back to serving full time. And then.

[A]

Are you anti getting into a job industry that's actually growing in the United States or.

[B]

Because my grandfather thinks I need to become a truck driver.

[A]

Well, that's good. That's good.

[B]

I'm sure it is, but I don't want to.

[A]

If you don't want to do that, that's fine. I mean I'm not going to for.

[B]

That's why I left my last good job because I, I just, I was tired of traveling.

[A]

I, I good job.

[B]

I worked for Walmart. I was a project manager for store remodels. So I traveled around starting 50,000 a year when I left 51.

[A]

You transfer that skills to another job though.

[B]

I have. And that I, I have. Even before I left that job, I tried applying for Other jobs in project management, in construction fields. Even within Walmart. I've had a hard time finding getting a job with them again.

[A]

Well, you quit.

[B]

Correct.

[A]

A lot of companies aren't willing to hire people who've quit.

[B]

It's a little different when I, I worked for home office but trying to.

[A]

Get it still worked for Walmart. A lot of companies have like policies against hiring people that quick.

[B]

They will hire people back. They do all the time. Okay.

[A]

Okay, well a lot of companies don't. And maybe hiring manager isn't that you're looking at. I don't know. But okay, so let's see. Growing industries in the St. Louis metro. Software development has gone up 18%. Data science up 22%. Cyber security up 32%. Advanced manufacturing. Aerospace. Yeah, you might have to work in manufacturing. Supply chain management, potentially. Healthcare. Life sciences. Healthcare is usually pretty good to get into. Logistics and trade. Transportation. We know you don't want to do that. That and leisure and hospitality. Well that's what you're talking about going into. Those are the largest industries. Okay, so IHG takes 18 years to pay off.

[B]

Yeah.

[A]

Thousand hours of interest this year so far. Travel for business on here. Well now we've lost in total with interest accrued in the business expenditures six to seven. Seven and a half thousand dollars this year.

[B]

Yep.

[A]

$7,500 by the $500 you make. That takes 15 years just to recoup that cost. And you'll be redoing costs when supplies are done.

[B]

Yeah.

[A]

And you have to re up them. Okay. Capital one. What's going on with this card? Also close to maxed out that card.

[B]

I had to split the payment for my car repairs between two cards. So that card holds repair for your last car or new car for my last car.

[A]

Okay. How's your current car doing?

[B]

Fine.

[A]

Miles.

[B]

I haven't had 82,000.

[A]

Okay. Foreign car is a little more expensive for repairs. 82,000 is great for that age.

[B]

For a 20 year old car it is. Well and so that was the thing too with everything that happened with my previous previous car. I went into purchasing this new car with a little more. I wasn't so much wearing the rose colored glasses of the car industry. I, I have some friends who run a car group based around Volkswagen. So I bought the car with the intention or with the knowledge of. I have a lot of people at my, I don't want to say at my dispense but at any given moment who can help me with repairs on the car.

[A]

So who, who? Okay, so somebody in your life. Bailed you out of the last debt owed on the last car. But you still have debt hanging around for that anyway because this was all repairs on the last car.

[B]

Yeah, and I'm still paying them for that as well.

[A]

Ridiculous. 17 years to pay this off.

[B]

Yeah.

[A]

500 in interest this year so far. Listen, the fam who. Who are the family members that are against what you're doing with your money? What's your relationship with them and how many money and what are those conversations?

[B]

Like I said, you know, my grandfather has told me that I should become a truck driver.

[A]

That I need one industry specifically.

[B]

I think it's my, my, my step uncle is in that industry and he knows what he makes and yeah, it's a great job.

[A]

But I just want you to get. I want you to get into a good job.

[B]

Yeah.

[A]

You're talking about nothing that meant anything. So yeah, I was explaining it. I don't care.

[B]

Okay. Don't ask.

[A]

No, I didn't need the long winded. Uncle. Uncle, Uncle. I just said who's doing it? You said grandpa. I didn't need to know. Uncle makes money. We all know truck drivers make money.

[B]

Yeah.

[A]

I just want you to get into an adult job. That is one option. If you don't want to do that, that's okay. We're not going to pressure you to get into that job. Okay. Who else and what's the conversations?

[B]

My grandma for a little while was very on edge with it I think because she was having conversations with my grandpa about it. But she has since flipped a script and she's very on my side about it now.

[A]

She's a dumb.

[B]

She be careful with that.

[A]

What does she have dementia?

[B]

She is dying.

[A]

Well, okay.

[B]

And she does have dementia.

[A]

Well then why is she setting up her grandma or her grandchild for failure?

[B]

Because she wants to support me.

[A]

But she's not. It's enablement.

[B]

I think she sees the potential in what I'm doing and she is proud of the fact that I have taken the step to build something for myself.

[A]

It's so cold hearted. I know this sounds so cold hearted but unless. Listen, just because there's a sympathy of the fact that she's approaching end of life and that's really sad and I am sympathetic and that's horrible and I would not wish that upon anyone does not mean she support. She should support you destroying your life.

[B]

But I don't feel like that's fair to say that everybody also should just on me and say, you know what you're doing. Is stupid and you need to give it up.

[A]

But that's real. Then they should be real.

[B]

Would any business venture start then if that's.

[A]

No, no, no. I told you how to do this in a proper way. You're not willing to do that. I'm not saying you can't be on nail tech. I said you need to put in the work with other people and build up clients, not immediately go into your own business and spend so far $7,500.

[B]

To make $500 a month in the area that I am in that I am willing.

[A]

You go to a different area or.

[B]

That you're not willing to.

[A]

You said willing.

[B]

Yes, because I'm not willing to take a pay cut to do that because.

[A]

Again, you make $500.

[B]

Okay, but that's the thing. That's what I was trying to say earlier is even most of the girls that I went to school with who work in those said salons and either don't work there anymore because the pay was too low or we're still having to work two and three other jobs.

[A]

Then here's the reality.

[B]

Because the income is not.

[A]

Here's the reality. I get that.

[B]

I get that.

[A]

You don't need to finish sentence. Everyone knows what you're gonna say. Oh my gosh. You just. You just really go on for a long time. The number one YouTube membership just got upgraded. Three exclusive shows every day Monday through Friday. Financial audit post shows exclusive and uncensored financial audit episodes. Our call in show Hammer it out. Well then take the train. And brand new shows fat and fatter. I would go off brand behind the audit. What? This was wild. Shop smart. Now upgrading from one live stream a week to two. No other channel offers what Hammer Elite provides. Join with the link in the pinned comment or description below. Join Hammer Elite, the best membership on YouTube today. Then clearly this industry in that area sucks and you shouldn't be doing it.

[B]

Correct. But I'm in it and I don't know how to get out of it at this point.

[A]

Stop it. Eat the loss on the lease and go get another job.

[B]

But it's not even the lease. How do I eat the loss on everything else that I bought for it?

[A]

You just have to. This is a oops I up mistake that this is not a sunk cost. This is not a sunk cost. You don't immediately have to try to buy your way out of it. It still takes 14 months with what you're doing and then by then you're gonna have to spend more money just to sustain what you're trying to do anyway because you'll re up your lease and you'll have to buy more supplies by then anyway. Like, I'm sorry, do you even enjoy this?

[B]

I do. I absolutely love it.

[A]

Well, at least you have that. But the fact is if literally every other salon is in, you're unable to work there because no one makes money, then this is not an area where this industry works.

[B]

Right.

[A]

And that means then you can't do it. You're not going to go into an industry in, in an area where all tax that are barely even making much money are on the cheap and you're going to go in and be this high level one. No one's going to pay for that. Obviously the market is not demanding that in that area. And I'm sorry. And just because in the area because your grandma's in a sad situation doesn't all of a sudden make that valid.

[B]

That's fair. But also, I don't think it's unfair to say that nobody should support me in what I'm doing.

[A]

No, no. Do you not understand what support is? So oftentimes supporting people making wrong decisions is telling them they're making wrong decisions.

[B]

No, I know that there's a hard truth behind it, but I'm also. But what I'm saying is that I don't think everybody should look at me and just outright say what you're doing is and what you're doing is right. But it has to start somewhere.

[A]

No. And I told you how to start it. In that area is clearly not an area where it's.

[B]

And I will, I will keep that mind but in mind.

[A]

You're on a lease for a year. You started two months ago.

[B]

After that is said and done, I mean, I don't, I, I don't, I don't know. I don't know what you want me to do. I'm not going to bail on a business and I'm not going to, I'm not going to leave it on someone else's shoulders.

[A]

Someone else's shoulders still pay your rent. But we need to get you in a better career field. I'll get you a course career certification. It's great for getting into a different career field. I'll give you that. I'll gift you a fizz card as well. We'll get you on that. It's a debit card that builds credit. Credit. I'll even get you on Weeble. Now that you pulled from your retirement, you better start investing. So I'll get you those Sign up bonuses as well. But for sake, man. I. I like the idea of moving to St. Louis. It's definitely a cheaper area for sure. Also means cost of living is lower machines you make less. But honestly, you'll make more. Doing anything.

[B]

Yeah.

[A]

Literally doing anything.

[B]

Yeah.

[A]

Else.

[B]

Yeah.

[A]

You have strained relationship with your family anyway. Why? Why? Why? Why? Fully or do we want to move to St. Louis?

[B]

Specifically because my grandmother's up there.

[A]

And for how much longer?

[B]

That's the hard part. I just went up and visited her recently and she's not. She's not doing terrible, but she's not doing great.

[A]

And again, it is sad and I do have sympathy for that. It is not an excuse to continue doing something that is damaging your life.

[B]

No, no. But I think the idea behind it was, was to build something for myself that if it's gonna fail, it's gonna fail on me. Nobody else can take it away from me. It's mine.

[A]

I'm okay with a failure. But you put $7500 in plus a yearly locked in lease for this.

[B]

Yeah.

[A]

This is damaging beyond damage. And you pulled out a 401k to buy a car because you never set yourself up for success and had money.

[B]

Yeah.

[A]

Like it's more than just that. This is more damaging than you just did something and it failed. Killed. It's the. You're going to be paying on for forever. From the lack of retirement, from paying off debt to paying off whoever lent you that money. Listen. To paying on the lease that you got. You'll your credit if you. If you don't pay on these things.

[B]

Yeah.

[A]

And I'm sure that lease is tied to personal assets in some way whatsoever. I don't know. Lean on something maybe. You usually don't pay a lease in the commercial world. They can come after you and personal assets.

[B]

Yeah.

[A]

So even though this is a more interesting situation with this commercial space. Listen, again, I. And I don't think they should necessarily bully you. However, I have a feeling that they just tell you the hard truth. And because you're you and based on everything you've said about other jobs, you think it's bullying. Even though they're just saying, yo, this isn't working. You need to try something different.

[B]

I don't think it's bullying, but I don't think it's fair to completely tell me that I have to give up something that I've worked so hard for.

[A]

It's less give up. You can do it on the side as a side hustle while you build it up while doing something more productive.

[B]

But that's. But that's the hard thing. And you know, if I do take my grandfather's advice and I go into the trucking industry. But. But what I'm saying is if. To me, it doesn't make sense to give up the focus on that, because if I'm not focusing on it, I'm not building it.

[A]

You're making six hours an hour. Like I don't care. You do it on the side. You build up the clientele. And if it ever again. Even though the YouTube thing and this business took off a little quicker, as we explained earlier, than a lot of business, I still didn't quit my job until I knew it would at least be sustainable multiple months in a row.

[B]

I work so many of them.

[A]

No, you quit your job and you went off on your own that it is not the same thing. That is not. There's not a similar situation. You're out there killing yourself in order to make $30,000 a year. It's not working.

[B]

Yeah, I agree.

[A]

I mean, government subsidized health insurance. Aren't you.

[B]

I don't have the marketplace.

[A]

Okay, well, that's dangerous. Your health insurance would honestly be free with your money through the Affordable Care System.

[B]

I think I've looked through it and I didn't qualify for it. I don't know. Maybe I filled it out wrong. I'm not sure.

[A]

Okay. I don't know about that, but. Okay. So, Capital One. So is this the same Capital One I was doing or is this a new one?

[B]

No, I have two Capital One cards.

[A]

Oh, yeah, this is a quicksilver. So what's going on with this?

[B]

So that one also is the other portion of the VM vehicle repair payment.

[A]

Good death. So you're just paying on this past vehicle permanently? Forever.

[B]

Yeah.

[A]

2623.99. Now I'm a little confused. A lot of the places that you can go to get car repairs usually have like a zero percent interest thing. Instead of opening a new credit card and putting it on this.

[B]

I wasn't offered that. And I went. I went to a dealership. They. It was never even mentioned.

[A]

I would go somewhere else.

[B]

I couldn't take the car anywhere else. They had already done the work on it, and I didn't really have a choice.

[A]

You did the.

[B]

So, okay, so the car went in for one issue and it turned into basically rebuilding the entire engine. And it was just one thing after another after another to try.

[A]

Did you talk to anyone in your family?

[B]

No.

[A]

Well, you should have asked for his advice. No one would recommend putting this much money, especially on a credit card, for a car repair for a car that's not gonna last.

[B]

Well, so the intention. The intention was that these repairs were going to fix the vehicle. And I do know.

[A]

I know what the intention was.

[B]

And then it turned into, okay, well, now it needs this. And. And I'd already paid this. It was like 62. $6,300 upfront for the initial repairs on the vehicle.

[A]

You know, it's a better way to repair your life. Coming on financial audit. Come on. To financial [e-mail] play continue.

[B]

So, you know, I took it in and I. I had explained to them, because they had asked me, hey, are you interested in trading the vehicle at all? Like. And I. I said yes. And outside of that initial, them asking me, it was never brought up again. They had my vehicle from October 7th of last year up until about a month and a half ago. So.

[A]

Okay, so $2,623.99 on this with a minimum monthly payment of $93. Also takes 17 years to pay off. Oh, we've had a late fee this year so far.

[B]

How many?

[A]

One.

[B]

Okay.

[A]

Why?

[B]

I. I think it was a bounced balance. I tried to pay it, and I.

[A]

Didn'T have enough job.

[B]

I have several. I have at least one real job on paper, according to you.

[A]

Yeah, but you say If I work 20 hours a week in it.

[B]

Well, things have been hectic lately, and I've not been able to pick up.

[A]

I.

[B]

Like I just said, I went out of town to go see my grandma who's dying.

[A]

I empathize with. But again, you set yourself up for this situation. I understand that all the choices you made led to this.

[B]

I understand. Understand that.

[A]

I'm not yelling about the car breaking down. I'm not yelling about your grandma dying. It is the financial choices you made that set up your inability to be able to afford something like that.

[B]

Yeah, I mean, I. I do know that. That I do have some poor financial choices, but I also.

[A]

I don't.

[B]

I don't. I don't think that I should totally miss out on life and the things that it has to offer.

[A]

Say that, but I'm criticizing you for what you've done leading up to it.

[B]

I know.

[A]

And your inability to change it, which means the next time an emergency happens, which they always do, you will also so again, destroy yourself.

[B]

Well, an emergency better not happen because I don't have anything to pay for.

[A]

Will die at some point, hopefully it's in the next 20 years.

[B]

Well, I do have a funeral coming up that I am going to have to go out of town for.

[A]

There you go. Your grandpa will die, your parents will die, everyone will die. You will die. Okay? So that is something that is going to happen and you need to be able to prepare for that. And that will be a travel expense that I'm not going to say I don't want you to do. That's not true. But if you continue your financial mismanagement every time something like that hits, you're going to permanently yourself even more. More.

[B]

Yeah. Okay.

[A]

You also want to go on a warped tour soon with your boyfriend. I don't even know what that is.

[B]

It's a music.

[A]

I also did it. It's a music festival.

[B]

You.

[A]

You're not going. Also, why don't you live with your boyfriend?

[B]

We're not there yet.

[A]

Oh, okay. Pretty fresh.

[B]

Yeah.

[A]

Okay. Well, he can pay for your spending at least, right?

[B]

He could, but I'm not gonna ask him to.

[A]

He doesn't pay when you guys go out to either eat.

[B]

I mean, yeah, he pays for things, but I'm not going to. I'm not going to ask. He lives out of state, so he's back up in the St. Louis area. So I don't see him very often. So that's another travel expense.

[A]

Great. And that card's at 29%. Double love with an Ulta beauty card. What's going on with this? See, you're wearing a lot of it.

[B]

Makeup, skincare, personal care items.

[A]

$491.71 with $13.50 of interest occurring with a $30 minimum monthly payment. $80 this year so far. And you're going on a trip to San Diego. That is not a grant dying grandmother.

[B]

No, it's not. But that was something that was already planned and booked and paid for before most of this went downhill late last year.

[A]

You. You weren't making money then either. 31.24%. That is so stupid. Stupid. What a moronic way to live life. I will not.

[B]

But to be fair, that trip. That trip? That trip.

[A]

I have another dying grandma in San Diego.

[B]

No.

[A]

So then. No. There is no. To be fair.

[B]

It is a girls trip. It is not a necessary trip.

[A]

Girls. I don't give a I.

[B]

Hotel is not paid for, is booked with points, so that is not a cost that I am.

[A]

You've lost more than that in interest. I know for a fact. So don't points me.

[B]

Well, no, that was hotel points from When I traveled for work previously, that was points earned through hotel points.

[A]

What else?

[B]

What else?

[A]

Be fair.

[B]

I there. There's not really anything else that I am paying for on this trip.

[A]

You will spend money while you're there.

[B]

Yeah, I'll buy stuff. But stuff like that. Like I've already. Everybody else has already agreed. Like they're covering the rental car because I've covered the hotel. I paid for my flight. Yes.

[A]

But I did covered everyone else's hotel with the points.

[B]

Yes. It's just one room. It's one big room for everybody.

[A]

For paying from others when you do have to go visit.

[B]

Correct.

[A]

For funerals and whatnot.

[B]

Correct. Well, I didn't pay for it.

[A]

You spend money while you're there. So. This is disgusting. This is disgusting. You make no money and you say, wow, I have to pull out of my 401k to get a car. And then you go to San Diego.

[B]

You. I mean I'm buying a car is a little different than spending 200 on a trip.

[A]

That's what I'm saying. And yet you still are. One's a necessity, one's not. You're choosing the not. And then all of a sudden then you have to damage your retirement in order to afford it because all you do is just live fun. So I don't want to. Okay.

[B]

But in my mind.

[A]

31.24% interest.

[B]

We'll go back to the whole girl math. That was the plane ticket to San Diego was paid for by my plasma donations.

[A]

So that it's great. Plasma donations could have gone towards paying for a car. So I don't care. Shut the up. Oh my gosh, you're broken. Is that all your debt? I think that's your debt. You got 16,827 hours that the. You don't have student loans from your endless schooling you did that resulted in nothing.

[B]

Don't have student loans that was paid for out of a college.

[A]

Now what about the loan to the person that.

[B]

That's a seven for the. For the $7,500.

[A]

Great. I'm going to say family. I don't know. But either way. 500. Do you have an agreed upon monthly payment?

[B]

250.

[A]

Great. Is there interest?

[B]

No.

[A]

You're lucky on that. That person must love you. Yes, well, it gets involved besides just your grandparents because you made it sound like a lot more people. People as far as have an opinion on your failed business.

[B]

I mean I'm sure a lot of people have an opinion on my failed business.

[A]

But talk to you about it.

[B]

Like you said, I mean, mostly just family members. I mean, who. I mean, my aunt, my uncle, my. My. I mean, I have a lot of them. My aunts and uncles, my grandparents, my. You know, I'm sure my parents wouldn't look at what I'm doing and be super proud of it, but they wouldn't look at me and say they're proud of anything I've done. So that's a little different.

[A]

Well, I mean, what have you accomplished?

[B]

I mean, I.

[A]

Not to be rude, but I mean.

[B]

It may not amount to much, but.

[A]

I mean, if you want them to be proud of something, what have you done for them to be proud of?

[B]

I mean, I don't care if they're proud of me or not.

[A]

Well, I know, but you brought up the point and it's.

[B]

No, I know, but I mean.

[A]

I mean, it's mean for them to say it. I wouldn't recommend. They say, hey, we're not proud of you. Like that's kind of.

[B]

I mean, whatever.

[A]

But for what it's worth, what can you show that they would be proud of?

[B]

I mean, it may not be profitable. It may not be doing very well right now. Now. But I am. I mean, I am. I am truly working and trying to figure out ways to make the business.

[A]

Anyone can go not make money. You want someone to be proud of that? I don't know. No, that doesn't make sense.

[B]

I mean, I'm. I'm working on building something for myself by myself.

[A]

Okay. She doesn't get it. 212 in her checking account. So thank goodness we're going to Domino's. Going in and getting some bull. McDonald's, Long Dodgers, Vieira Restaurant, Burger King bread, Beard, octane Colister. Go to the pub. American Nails. Good. She spent $60 on nails.

[B]

That was supplies that I bought at the beauty show. And so was beard.

[A]

Octane Bonus publicity. Beauty and body Works, Dragon, Vape and smoke. Going in and getting some bull. Vape and smoke. What part of the.

[B]

I. I do. I do vape.

[A]

What is it just vape. How much?

[B]

I maybe go through one a month. That cost is actually split between me and one other person. I do purchase for someone else when I go, and then they just pay me back cash.

[A]

Well, sounds like your funeral is the one everyone's going to be going to sooner at least you only have to worry about your debt by then.

[B]

Someone else's problem at that point, isn't it?

[A]

Okay, 112 in this one. It started with 14,000, ended with 112. What the is happening here.

[B]

That would be a. I believe that's my savings account.

[A]

It was at 14,000. How did it go down? I actually let's find the out. First of all, how'd you get 14?

[B]

I had a. I had a really good savings and I had myself set up really well when I worked for Walmart.

[A]

But support from retirement and emergency fund off. What's rock. Welcome to Rockville.

[B]

That was a music festival.

[A]

Music festival. Music festival. Music festival. Music festival. Chili's Chick Fil A Starbucks Chick Fil a. A Canva cash app. Canva to make something that is never posted on social media. ATM withdraw 300, ATM would draw 650. ATM withdraw 650. ATM 650. 18. 650. 650. 650. 650. Where the did that all go?

[B]

The car.

[A]

Oh, come on.

[B]

I paid cash.

[A]

Apple Bill going in getting some. Some chick for life.

[B]

I think that's.

[A]

That's actually Amazon Apple Bill going and get into BSP Peacock Premium. What the. For Apple Bill, Apple Store Orlando, Amazon. I don't care. Going in getting some BS Florida Key Lime, Playlandia Brewing all to drain our savings for fun. Fun. Fun. Come on. The car thing. I can get it. That's what an emergency fund is for. But then you had so much fun on there and you drained your savings. Come on. No sympathy. Pull out your phone. Pull out your phone right now. Now. Right now. From 14,000 or whatever to $112 where we got $74 in savings. You kill me now. What a joke. Subscriptions on Apple. We got iCloud plus and Sirius XM did have tender expired March 21st. So this relationship is fresh.

[B]

It's.

[A]

Or were you swiping while you're.

[B]

No, actually no. No, no, no, no, no, no, no. It's. It's not like that.

[A]

That actually very defensive.

[B]

Tinder. No, that Tinder I were trying to look into and I paid for it and what. Yeah.

[A]

Yeah. You're going to explain that a bit more.

[B]

Yeah. So I. We had found someone on there and then couldn't find them again and so we decided it would be a good idea to just pay for the premium so I could get back to the.

[A]

Person and why didn't they. Your friends.

[B]

It was on my phone where you.

[A]

Were collaborating with my phone. What was on your phone? The account they could log in on their phone phone.

[B]

It was already pulled up on mine and we were already doing all of this. But that. It was a. It was literally. It was charged once and then Canceled immediately. Okay, the SiriusXM is a free.

[A]

They're calling out your body language. You're covered in your mouth and stuff right now, by the way. Oh good. 23 things in our cart on Amazon. Good. We got, oh, Herrick sent. Oh, turbofan, oh, a photo stick, thumb drive, some tops, keyboard and mouse for sale signs, some shirts and shirts and push up bras. Listen, if you got them, you got them. If you don't, don't, don't. And you don't need to fake show off. So sticky bra. I do got them. Cream.

[B]

This is a shared Amazon account. Let me be very clear on that.

[A]

Who?

[B]

One of my friends. It's her account.

[A]

Always the friends.

[B]

No, it really is pro gaming mouse.

[A]

Endless chunky clunky rings and dynamite set. And we know he had Amazon purchases there, so 45 napkins. What the her for her lace thing. All the other ones he didn't say were her fake cigarettes.

[B]

No, all those are not.

[A]

Umbrella slings, crown gold necklace, more jewelry. I see that. Yeah, we can't afford to pay bills, guys. Oh, I had to pull from my 401k in order to get a car. But let me go ahead and just spend all this money on jewelry.

[B]

Shut the but if you look at a lot of that stuff was, was returned.

[A]

Shut the up. A lot of these are also.

[B]

The stuff that I buy. A lot of what I buy is a business expense.

[A]

Die. No, quiet. I will say Tinder is officially deleted from the phone.

[B]

Yeah, it's not. Yeah, I don't use it. I don't.

[A]

And how do you keep track of these write offs?

[B]

I keep my receipts. I have a couple different little folder things that I put all my receipts in.

[A]

Couple different ones.

[B]

Yeah, like I keep them around. I have one in my, in my work bag, one in my, my car. So then at the end of the year it all just collectively comes into a big.

[A]

Oh, we will see. Okay, so 2,550 comes in and let's just say we don't even taxes. Let's just be generous. So yeah, let's get these debt minimum payments. Let's, let's figure this budget out. You know, let's just. I mean you're going to have to owe a little bit. Let's just say $2,000. What you get on a monthly basis and. Come on. No, I mean. Okay, fine, fine. You're going to write off some of the expenses, but let's calculate that against the 550. Okay, so some expenses, blah, blah, blah, blah, blah. Okay, good. So let's just call it 2000 is net. What comes after business expenses. Good. And debt. Minimum monthly payments is $614.36. Okay. We know your rent at the house is 500. Do you have to pay anything towards utilities and whatnot? No Internet, no. Renters insurance.

[B]

I do pay for renters insurance because I also pay for a storage unit.

[A]

How much is all that?

[B]

My storage unit just went up. I think it's 110amonth.

[A]

And that comes with the renters insurance.

[B]

I pay the renters insurance. Outside of that, I think it's $16.

[A]

Okay, so we'll save for that. $126. Great, great, great, great, great, great, great. Phone bill.

[B]

So up front, I pay the cost. I have a shared phone plan with my grandma, so I pay the upfront cost of $110.

[A]

Why do you and then you still own your phone?

[B]

Because I just had to get a new phone.

[A]

And she pays you some back.

[B]

So she pays me for her half of the phone bill.

[A]

So what happens when.

[B]

Then I'm gonna have to figure out it out. I would have.

[A]

Okay, so what do you have to pay?

[B]

So my half of the phone bill is $55.

[A]

Okay. I'd switch to helium. If T mobile is good in your area, once you have that phone paid off.

[B]

Okay.

[A]

It's much cheaper. Same coverage.

[B]

Okay.

[A]

Okay. Gas. Vroom, vroom. Drive. Drive. How much on a monthly basis?

[B]

If I'm not going anywhere and I'm saying local, then it's probably $150 a month.

[A]

If you don't do anything that you always do. Okay. Car insurance.

[B]

That currently is 2:70.

[A]

2:70. Okay. I think 300 for food. Use our budget friendly cookbook and use the budgeting app that you get for free.

[B]

Okay.

[A]

You can make that work. I promise. We've done the math. 100 bucks for TP fund. Anything else you need to survive. It's your own makeup, it's your own toilet paper, it's your tampons. Whatever. Whatever CO pays. Okay. We're getting health insurance. I'm going to put at least hundred towards that. I think you're going to be heavily subsidized. So let's just say 100. You have any pets?

[B]

No.

[A]

Please don't. Thank goodness. Any other things that need to be in your budget that do not that I have not brought up.

[B]

I don't think so.

[A]

Okay.

[B]

I think so.

[A]

Good. Well, okay, you're $2,215.36 is what you need to survive. 2,000 is probably what you bring in after business expenses. So you're.

[B]

Yeah, I honestly, I didn't think it was that bad.

[A]

How.

[B]

I, I just, I didn't. I didn't think my monthly expenses were that high.

[A]

You said you've put everything on paper. This is a very basic. That took me.

[B]

No, I, I know it's not. I just, I don't. I. I put it down in hopes that I kind of understand it better. But I. I mean I truly don't understand. Understand it so. And it changes.

[A]

So why.

[B]

I mean what I bring in changes and what goes. I mean but like monthly minimum payments change month, you know.

[A]

Barely. Barely. Very barely. Okay. What's your move back plan? Is there a plan?

[B]

I mean it's just a very general plan at this point. I would like to just pay down as much as I can and save up to make the move. But I also know that I need to.

[A]

How can you save if you make less than you bring in? If you spend less, if you spend more than you bring in just to survive.

[B]

No, no, you can't. Unfortunately I can't. That's. That's where I'm trying to dig myself out of this.

[A]

And I'll be honest, some potential business things you need to do or if this car breaks down, I might get. But listen, what I'm personally doing, other than the family debt. If you can prove you change your behavior for a few months, I'm declaring bankruptcy. If you're going to continue down this path and I'm going to wipe this, this that it's gonna you for a bit and it's a few thousand hours to go through and it can be a little stressful. So you have to change your behavior. Proof you do it so you don't end up back here in the first place. But more than anything, you need to get into a career field that, that has demand that is providing more value that is not oversaturated. You need to do a little research on what you want to do and we can get you geared towards education or certifications that wanna, that. That get you to where you wanna go. But right now this is not working. Whether you do that on Saint Lettuce or the there, I don't know. But this is not working. As simple as that. This is. Yep, this is. Those are the two steps I'd take from here.

[B]

Yeah, bankruptcy has been something that has been mentioned to me before.

[A]

I. Yeah, but not until you change your behavior or else you'll end up right back here. And we've had people on the show that have done that.

[B]

Yeah and that's well and cuz I do you know what? I I don't remember if I sent the stuff in for it but I do have a personal loan out with the bank.

[A]

Okay well at this point we're going to talk about on the post show because I can wrap this so join Hammerly link in the description below. Come hang out. It's gonna be great. Let's get your Hammer Financial score spending in a budget. You overspend 0 out of 10 debt. Family debt's not great. We don't like that. Okay. No IRS debt or collections as far as I know. So 1 out of 10 emergency fund well you drained it. 0 out of 10 retirement well you drained is 010 real estate 0 10. You honestly probably went from maybe a 3 down to a rounded up 0.5 out of 10. Come join us in the pro show guys. It's juicy as always. Join that Hammer elite membership in the link in the description below the number one on the platform. We'll see you there. What the is going on with this personal account?

[B]

I took out a personal loan through the bank to consolidate credit card debt.

[A]

Owe to and now your credit cards are all maxed out. What do you owe on this personal loan? Exclusive members content Click the link in the description or pin comment below and watch thousands of hours of extra and uncensored content.