Repulsive Sugar Baby Milks Men For Money | Financial Audit

Summary

Podcast Summary: Financial Audit with Caleb Hammer

Episode: Repulsive Sugar Baby Milks Men For Money | Financial Audit
Date: September 9, 2024

---

Episode Overview

In this episode, host Caleb Hammer sits down with Amanda, a 32-year-old pharmacy technician from Georgetown, Texas, to conduct a candid and critical Financial Audit of her tumultuous personal finances. The conversation dives deeply into Amanda's spending habits, heavy reliance on financial support from others, significant debt, car leases, and her overarching attitude towards personal responsibility and money management. The episode is characterized by a mix of tough love, unfiltered honesty, and moments of disbelief as Caleb confronts Amanda about her financial choices.

---

Key Discussion Points

1. Amanda's Income & Employment Situation

• Current Position: Pharmacy Technician
• Income: Recently raised from $24/hr to $25/hr (approx. $3,523/month after taxes).
• Work Hours: Cutting down work hours to pursue full-time education to become a radiology technologist; plans to supplement with dog-sitting and potentially Uber.
• Tuition: About $1,900/semester for 4 classes (covered by loans).
• Financial Aid: Borrowing for school instead of cash-flowing due to poor spending habits.

Quote:

“I spend horribly, that’s why.” – Amanda (05:11)

2. Missed Opportunities & Attitude Towards Spending

• Borrowing for Lifestyle: Amanda continues to spend on non-essentials (clothes, Red Bull drinks, eating out, streaming, shopping) rather than cutting back to afford tuition or bills.
• Budgeting: Has never budgeted or tracked spending seriously; admits she knows little about her own finances.
• Self-Assessment: Rates her financial situation as "zero out of ten."

Quote:

“No, I don’t. Have you ever budgeted in your life?... Why are you on the show?” – Caleb (10:00)

3. Dependence on Others

• Financial Support: Receives frequent money transfers from her boyfriend to cover bills and spending, sometimes without fully disclosing the reasons.
• Parental Support: Parents bought a house for Amanda to live in; she is not on the mortgage or deed, but expects to inherit it eventually.
• Relationship Dynamics: Defends the idea that “a man should take care of a woman,” positioning herself as someone entitled to support.

Quote:

“I think that a man should take care of a woman. That’s just how I think.” – Amanda (11:11 & 12:56)

• Caleb’s Label: Calls Amanda “a spoiled brat” for her expectation that others will perpetually bail her out (35:15).

---

4. Debt Situation and Financial Behaviors

Credit Cards:

Amanda has multiple maxed-out credit cards, frequent missed or late payments, and little understanding of interest or the impact of her actions.

• Cards reviewed: Bank of America, Apple Card, Capital One, multiple Credit One cards, UFCU.
• Interest Rates: Most over 25-30%.
• Payments: Multiple months late on several cards.
• Minimum Payments: Over $1,500/month just for debt service.

Quote:

“You’re spending almost double what you make because you can’t stop swiping.” – Caleb (25:12)

• Delusion about Impact: Amanda doesn’t consider missed payments “that bad” unless it impacts her credit score (21:28–22:13).
• Afterpay: Uses “Buy Now, Pay Later” services and pays them with credit cards (“you’re after paying your after pay”), compounding debts (30:49).

Loans:

• Student Loans: Around $9,000, plus new loans for current schooling.
• Medical Debt: At least $2,300 in collections for old medical bills.

---

5. Vehicle Mess

• Leasing two vehicles: One for Amanda (Corolla) and one for her boyfriend (Tacoma, originally leased for her, now used by him).
• Boyfriend “Pays” for Car: But Amanda holds the lease and responsibility.
• Risk Exposure: If boyfriend leaves or loses job, Amanda is on the hook for both vehicles.
• Attitude Towards Used Cars: Refuses the idea of buying used, wants new even if it’s unaffordable.
• Car Dealer Rationalization: “I love that dealership. They treat me well.” (08:27)

---

6. Spending Priorities & Rationalizations

• Red Bull Addiction: Spends hundreds monthly on energy drinks, refuses to switch until pressed, suggesting alternatives like coffee only reluctantly.
• Other Spending: Regular fast food, streaming, Ancestry.com, shopping, unnecessary subscriptions, and even gambling (revealed late in post-show).

Quote:

“You absolute glutton. I don’t know. You’re spending double, double, double, double what you make… so it’s just a Red Bull? No, it’s not.” – Caleb (25:12)

---

7. Denial, Deflection, and Lack of Motivation

• Excuse-making: Blames lack of notifications for missing payments; claims she "couldn't afford" bills while spending on wants.
• Minimal Accountability: Initially resists taking responsibility, laughs off mistakes, or minimizes their impact.
• Turning Point (Maybe): Says she is “determined” to improve after being “scared” by the conversation.

---

8. Host’s Candid Frustration

• Tone: Caleb oscillates between incredulous, compassionate, and outright exasperated.
• Warnings: Predicts bankruptcy is inevitable on this path.
• Education Offered: Access to budgeting/investing courses as a guest; repeatedly emphasizes importance of action over promises.
• Producer/Family Post-Show: Caleb brings in Amanda’s cousin and producers for a post-show intervention.

---

Notable Quotes & Moments with Timestamps

• On Dependence (04:11):
  Amanda: “I think that a man should take care of a woman. That’s just how I think.”

• On Money Coming & Going (09:19):
  Caleb: “Do you know how much comes in?... How much do you think was spent?”
  Amanda: “The same amount. That’s what my Bank of America [shows].”

• On Budgeting (10:00):
  Caleb: “Have you ever budgeted in your life?... Why are you on the show?”

• Self-Assessment (12:08):
  Amanda: “Zero. I really honestly think that I don’t think I’m good at, you know, money. I’ve heard it a lot of times, especially because I’m getting money from my boyfriend a lot.”

• On Missed Payments (19:49):
  Caleb: “You’re taking money from your boyfriend for little sweet treats? Why don’t you just damn. Pay your bills. Damn. On time.”
  Amanda: “That was a mistake. A one time mistake. One time on that card.”
  Caleb: “One time on this card. Incorrect. Second time this year.” (20:06)

• On Afterpay Cycle (30:41):
  Caleb: “You want to go make a purchase?... But instead of you paying off your after pay, you then further put it on a credit card. Meaning you’re delaying the payment twice… You’re after paying your after pay.”

• On Used vs. New Car (47:24):
  Amanda: “Are you kidding me? I’m not getting a used car.”
  Caleb: (exasperated) “Oh my Gosh... The amount of delusion in this world and entitlement you have...You’re a spoiled brat.”

• On Reality Check (62:45):
  Caleb: “The balance is $1,521.04. This is about to go into collections. And you think that your credit score is going to increase? I don't know what you're on about.”

• Amanda’s Admission (61:08):
  Caleb: “When have you become determined to figure this out?”
  Amanda: “Well, today because you’re yelling at me.”

• Host Breaking Point (78:15):
  Caleb: “This is the first time that I can remember...I have no hope. I have a feeling this is just going to end in bankruptcy.”

---

Timeline of Major Segments

• 00:03 – 04:00: Discussing Amanda’s income, raises, job history.
• 04:00 – 08:00: School, tuition, hours being cut, explanation of why she can’t cash-flow school.
• 08:00 – 14:30: Convoluted financial inflows, admitting to boyfriend’s regular financial assistance, philosophy about men supporting women, lack of budgeting or planning.
• 15:00 – 25:00: Deep dive into habitual overspending, refusal to cut back, defensiveness about Red Bull addiction, and specific examples of prioritizing wants over needs.
• 25:00 – 40:00: Confrontation about missed payments, denial and then begrudging acceptance, breakdown of credit card debts, hostile relationship with credit.
• 40:00 – 50:00: Car situation: dual leases, convoluted swapping with boyfriend, refusal to consider used cars, dealership rationalization.
• 50:00 – 62:00: Additional debts, sketchy financial logic, more on family enabling, medical debts, and failing to address consequences.
• 62:00 – 78:00: Minimum payments, budgeting breakdown, overwhelmed host, predicted outcomes (bankruptcy), Amanda’s plan and delusion.
• 80:03 – End: Post-show tease—reveal of online slot gambling.

---

Memorable Moments

• Host Credulity:
  “You absolute glutton... You’re spending double, double, double what you make… so it’s just a Red Bull? No, it’s not.” (25:12)

• Amanda's Rationalizations:
  (On not paying debt) “I couldn’t afford it.”
  Caleb: “That’s bull. You chose not to.”

• “Spoiled Brat” Label:
  Caleb: “With your boyfriend, with your parent, with your spending, with your management, you’re a spoiled brat. Not as an insult. I just want to call it as I see it.” (35:15)

---

Conclusion

This episode offers a no-holds-barred look into the mind and finances of someone stuck in cycles of dependence, denial, and disastrous spending, with Caleb Hammer doing everything in his power—sometimes in frustration—to break through. If you’ve ever wondered how unfettered financial enablement and a lack of personal accountability wreak havoc, Amanda’s story is a stark case study.

Despite the educational resources and advice, the real question lingers: will Amanda take action, or is a personal financial bankruptcy inevitable? The post-show promises even more revelations (such as hidden online gambling), and the door remains open for Amanda's redemption—if she can muster the discipline she's always avoided.

---

If you’re struggling with similar issues, Caleb’s budgeting and investing programs are mentioned as practical avenues to reclaim financial control. Otherwise, this episode stands as both a cautionary tale and a sometimes jaw-dropping illustration of financial self-sabotage.

Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube.

[B]

Been asking for more.

[A]

You're taking money from your boyfriend for little sweet treats? Why don't you just damn. Pay your bills. Damn. On time.

[B]

I think that a man should take care of a woman. That's just how I think.

[A]

Who? You think your boyfriend, because he's a man, should have to subsidize your inability to control your own spending? Does he even know where your money's going? What does he think he's helping with?

[B]

Well, a lot of times I tell him.

[A]

A lot of times.

[B]

Yeah.

[A]

Not every time.

[B]

No. Hi, my name is Amanda. I'm 32 years old. I'm based out of Georgetown, Texas. And this is Financial Audit.

[A]

Thanks for coming on. So what do we do in Georgetown for a living?

[B]

I'm a pharmacy tech.

[A]

Okay, Very cool.

[B]

Pharmacy, okay.

[A]

That's a great industry to be in. So how much are we making right now?

[B]

Well, I guess at the time it was 24.

[A]

At the time. What's at the time? What do you mean?

[B]

Whenever I was gave you those. Now I'm getting a raise. 25. But it hasn't.

[A]

Oh, congratulations. 25 from 24.

[B]

14.

[A]

Okay, so it's kind of a minor raise.

[B]

All right. Well, it is still a good race.

[A]

Oh, I wasn't talking down against it. Well, why you. You're gonna come in offended. Well, what was that?

[B]

Why is. Because my mom is like always saying, oh, you get so many good raises or whatever. Do you like? Yeah, I think so.

[A]

What did you start at when you started working tech?

[B]

Well, it wasn't at that retail pharmacy. It was at a different one that I started. And it was at, I think, well.

[A]

At the job you're at now, where'd you start?

[B]

Oh, 23.

[A]

Over the course of how long to get to 25?

[B]

September 22nd.

[A]

So two years with the two dollar raise?

[B]

Yeah.

[A]

That's what your mom considers really good raises?

[B]

Yeah, apparently she's like getting 25 cents or something. And she's been with the the company for like over 10 years.

[A]

She do the same job?

[B]

Oh, no.

[A]

Oh, then what? I don't.

[B]

Well, I don't know. Maybe I don't know what they're supposed to make at other places.

[A]

Okay, so you made like a 75 cent increase?

[B]

Yeah, something like that.

[A]

Okay, so you got like a 3% increase?

[B]

Oh, okay. Yeah, that sounds right. Okay, because if I get a three, it's. I don't know, like the base or something.

[A]

You feel that's keeping up a Cost of living?

[B]

No.

[A]

Okay.

[B]

Are you kidding?

[A]

I don't know.

[B]

I can't. No. I'm struggling out here.

[A]

Easy again. You scare me. You're like, no. Okay, well, obviously, you know the. Well, some people don't. They don't like. Well, okay. Inflation, the most recent report. It sounds like you're keeping up with the median wage growth. That has happened, actually. But obviously, you know, certain sectors within the economy is growing more in terms of price increases, like groceries and stuff like that. Yes, well, at least over the pandemic. Not right now, technically, year over year. But during the pandemic, it went up higher than anything else. Either way, regardless. Okay, a 3% increase. How many hours a week are we working?

[B]

So I was 40, but I'm going down to about tone foot. I'm going to school full time.

[A]

Oh, wow.

[B]

Oh, I just. Yeah, I'm pretty sure I told y'. All.

[A]

You may have talked to someone else. We're having a conversation.

[B]

Oh, my bad. I thought you read this stuff. That's why.

[A]

But we're having it. They haven't. The audience is not.

[B]

Okay, I got it. I got it.

[A]

Now you're so defensive.

[B]

I'm sorry. My mom says.

[A]

Is she always like this? Your friend was the one who wanted you to come on the show. She's a fan of the show and you've seen, like, an episode. Okay, you said friend earlier. Yeah. Okay, guys, this is weird. Okay, But. And she just said. Yes, this is how you are. So. All right. So you're going to school. What are you going to school for?

[B]

I'm going to be a radiology technologist.

[A]

Very cool. Okay, so you've had to drop your hours because of that. So we got a raise, but that's kind of negated. So how many hours are you going to be working now? A week.

[B]

See? So 8, 16 hours for the month. For this first month? No, no, no, no. Not the whole month. I just mean weekly for this first.

[A]

Month and then the second month.

[B]

I want to see where. How I do well. Or not in school. What? It's been a long time.

[A]

It is. There's nothing wrong with starting school again. Not at all. How are you paying for school?

[B]

It's financial aid, loans.

[A]

What's school are you going to? Is that public?

[B]

Yeah.

[A]

What's the tuition there?

[B]

What's what?

[A]

The tuition there.

[B]

Well, for my four classes that I'm taking now, it's going to be about 1900 with books.

[A]

Why can't you cash flow that.

[B]

Are you kidding? Okay, sorry.

[A]

Huh?

[B]

I can't I don't have the money.

[A]

Because you're cutting down on work.

[B]

I. I spend horribly, that's why.

[A]

Okay, so I haven't. Usually the solution is we stop spending horribly. I'm confused. Why not cash flow. So you're borrowing to continue your spending of not. No, you know. You know that's how that works out, right?

[B]

I don't think so.

[A]

That's. What. How do you not think so? That's obviously how it works.

[B]

Make up for everything.

[A]

It's nineteen hundred dollars. It's not an insignificant amount of money, but over the course of a few months, we can cash flow that if you want to.

[B]

Okay, well, that's why I'm here, so you can tell me I am.

[A]

But you just said that's not possible. What are you talking about?

[B]

No, no, no. I'm just saying the way I'm thinking, I don't. I don't think it is at this moment. At this moment. Explain, because I don't really think I'm doing that bad.

[A]

Okay, explain. You don't think you're doing that bad because of what. What's indicating that? Where's your philosophy? I would like to at least know where you're coming from so that I can approach the conversation with at least understanding your point of view.

[B]

I don't know.

[A]

What. What do you know? Do you know anything?

[B]

Yes, I do.

[A]

Okay, can you tell me any of that then? What do you know about your financial situation then?

[B]

Okay, I do spend a lot. I like to, you know, buy clothes and things like that.

[A]

Okay. And we're not cutting that back and we're borrowing for school. So essentially, because you're not willing to cut back on fun bull that do not actually contribute to your needs, you're essentially borrowing for that because you're not cutting that down to pay for school. Does that not make sense?

[B]

Okay, yes, but I plan on cutting, cutting.

[A]

Why haven't you? Because you're barring for school. If we're going to talk about the notes that I have, I know you're going to borrow $10,000. That's what you have. Spoiler alert. Usually I like to introduce the audience to that through a natural conversation. All right, if you're borrowing $10,000 and we could get you to cash flow.

[B]

Half of school, well, then I'll do Uber.

[A]

No, that doesn't make sense. You're already cutting back from your work hours. Why wouldn't you. That. That time is just gonna.

[B]

No. Cuz then I can do Uber whenever I.

[A]

But that doesn't make it okay that.

[B]

To do it when I have already studied and everything.

[A]

Yeah, but that's not as cost effective though because that puts a wear and tear on your car. That puts maintenance on your car. Then you know, car, car. That's even worse. Cuz you have a mile limit.

[B]

Yeah, but I'm gonna just get a new car with them. So then they're gonna take that. Sorry. They're just gonna say sorry.

[A]

Don't apologize to me. You're the one yourself with Lisa's.

[B]

Oh my God. Okay, so wait, I don't think that that's bad though.

[A]

Your goal is to roll it over. You. You're.

[B]

No, it's.

[A]

You're still gonna have to pay the extra mileage fees.

[B]

No, they said that I will not be.

[A]

For what? For what? In what kind of deal?

[B]

If I get a car with them.

[A]

Okay. Another lease or buy another. Or just buy a car and they'll forgive that. They'll essentially roll it over into. That is probably what they're gonna do.

[B]

No.

[A]

Which by the way, is locking you into having to get a car with them. Meaning you might not get a car at a good deal. Meaning whatever financing options you have, it's likely gonna feel restricted at that bank. Not at that bank, but at that dealership.

[B]

No, but I love that dealership.

[A]

Why do you love a dealership?

[B]

Because they treat me well.

[A]

Great. But they might take more of your money.

[B]

I don't think so.

[A]

I've gone there.

[B]

I've gone there for a long time.

[A]

It's a dealership. What do you think they're doing? They're making money. What are you talking about? Just because they give you a handshake and free cookies doesn't mean they're not making money.

[B]

I mean, their lobby is really nice.

[A]

Are you. Is this. This is real? This is her. Okay. I needed to confirm because. What the. Okay, so you think you're overspending in terms of income? Payroll came in 3523. Okay.

[B]

Okay.

[A]

Does that sound about right?

[B]

Sure.

[A]

Do you know how much comes in?

[B]

I know that it's like 700 something a week because I get paid weekly.

[A]

How much do you think was spent?

[B]

The same amount. That's what my bank of America.

[A]

3523. Sure, 5325.

[B]

So I think what happened was my boyfriend, you know. Oh, wait, no, that's spending, right? Oh, okay. Never mind.

[A]

Okay.

[B]

No, I was thinking because of the transactions that my boyfriend was sending me money as well.

[A]

Oh yeah. We had meta Paying coming in of 1285 as well. Venmo in 398.

[B]

Okay, but that doesn't make sense. You're telling me even with that I'm making 3,000 and something.

[A]

We had payroll of 3,523.

[B]

Oh, okay, so then you don't know.

[A]

Anything about your finances, do you?

[B]

No, I don't.

[A]

Have you ever budgeted in your life? Have you ever made a budget? Why are you on the show? I know your cousin, not your friend, your cousin is a fan of the show and you've seen an episode and you know, you guys, I guess work together to get on here. Okay, wonderful.

[B]

Yeah.

[A]

Why are you here?

[B]

I'm here because I heard that you can actually help people and that you care to help people.

[A]

Yeah.

[B]

And that you like how you're doing now is saying how it is, which is.

[A]

Oh yeah.

[B]

Which. Okay, say how it is. I get that.

[A]

Oh yeah.

[B]

But I also say what I feel, which is good.

[A]

Say what you feel.

[B]

Yeah.

[A]

Might be delusional.

[B]

Okay.

[A]

Depending. I'm sure I have some delusion as well in certain things. We're not all super informed and educated on everything. That's impossible. Yeah, we're a dumb species. But you know. But you don't seem like you understand anything about your current finances, do you?

[B]

No, I don't.

[A]

Okay, well, definitely go through the budgeting program. You get access to it because you're a guest on the show. So we're going to send you through a three hour class, take the quizzes, build the budget. We're going to create a budget with you by the end of this. Kind of a makeshift one. But what's actually going to be required to make a detailed budget? It's going to be actually sitting down and discipline yourself for hours. For hours. It's going to take a few hours the first time and then every month it'll get shorter and shorter. So make sure you sign up for that or you don't have to sign up for it. We give you access to it and you guys can sign up for it. In the link in the description below. I recommend everyone.

[B]

She's good with money.

[A]

Why has, why haven't you come together and done anything?

[B]

She like, what do you make?

[A]

Trust me, it's not about making. I've had people on the show make well over six figures. It's not about making, it's about and managing. It's about spending. It's about understanding.

[B]

Cuz she spends a lot of money too, so I don't know how the Hell, she saves.

[A]

Okay, well it's not about her regardless, so. Okay. I would love to see self assessed. This has just been chaos so far, a hurricane of a conversation. Get back on track. Self confess. Where do you think your finances are? 10 being the best, 0 being the worst right now? Where do you think they are?

[B]

Zero. I really honestly think that I don't think I'm good at, you know, money. I've heard it a lot of times, especially because I'm getting money from my boyfriend a lot.

[A]

So what are you getting money from your boyfriend for?

[B]

To help me with bills and things like that. He lives in the house with me. It's not like it's just going to me. Well, it helps.

[A]

Okay, well what do you mean? Is he paying for bills or is he giving you money to help with your bills?

[B]

He's giving me money.

[A]

That's different. That is different than like splitting rent. Is he helping pay the bills or is he giving you money to deal with your bills?

[B]

Sometimes he does both.

[A]

Okay, why can you, a 32 year old adult woman, not able to take care of yourself at all?

[B]

So I think that a man should take care of a woman. That's just how I think you're a trad wife. What does that even mean?

[A]

Oh, first of all, you're not a wife until you have a job. So that's not even true. But the way traditional wife, it's like a. It's a thing that some people are into. And the way that you talked about it, you made it sound like that's how you wanted it. A man should take care of a woman.

[B]

Yeah, in certain things. Okay, I'm not saying that I shouldn't do stuff myself. I just in these past few months been asking for more. Why my spending's gotten worse.

[A]

Okay, so you think your boyfriend, because he's a man, should have to subsidize your inability to control your own spending?

[B]

Well, he's okay with doing that.

[A]

Why does he even know where your money's going? What does he think he's helping with? Maybe he thinks he's helping with the water bill. Maybe you think he's helping with paying off some debt.

[B]

Well, a lot of times I tell them what it's going.

[A]

A lot of times?

[B]

Yeah.

[A]

Not every time.

[B]

No.

[A]

So he doesn't know where the money.

[B]

That he's giving you that you're asking for.

[A]

So what? So how does this, how does this work financially? You're just like, I need some money.

[B]

I'll be like, okay, first, ew, no I'll text him and I'll be like, hey, babe, can you send me 200? And then he'll send me $200. And I'll be like, I would feel.

[A]

So icky on either side of that, to be honest. Listen, I love giving gifts, but like the. Can I have $200, please? Pretty please? Is this like. I don't know, it's a little weird to me. But also, you guys can live however you want to. It's whatever.

[B]

Yeah.

[A]

I'll judge it because I'm a judgmental.

[B]

Person, but my dad took care of my mom and even whenever they were separated, only when she needed help, first of all. Okay.

[A]

When she needs help. This isn't you needing help, though. If you're down on your luck because you got laid off and you can't pay your bills, it's different. You're taking the money and going and spending it on spending $2,000 more than you make. So believe that. How do you not believe that? Math is. Math is. Math is. Math is math.

[B]

Okay. But it's because whenever I look at my statement from America.

[A]

Yeah. You spend on credit cards. Okay, so this isn't just about your check in account.

[B]

I forgot about those.

[A]

Oh, I forgot about the documents that make up 95% of them.

[B]

Yeah, it's interesting.

[A]

Well, that's what happens when we don't look at our statements. And also because I'm gonna look at the conversations that we had beforehand, you also told us that you are even spending more than in the documents that we have. Like now you're spending even worse.

[B]

Yeah.

[A]

Why?

[B]

It just.

[A]

Don't you want to go to school?

[B]

Yes, I do.

[A]

Okay, then why. Why are we putting fun over that? Why are we willing to go into debt? Why? I need to get into these finances to give these people some context. This is just. This is. I don't know. I. This is what I want to talk about because this is just insane. That philosophy, that mindset where you are on this, it's just wild. It's a little immature. It's a little entitled as well.

[B]

I did dog sitting sitting and so that what Gave me extra money. And so I was kind of using.

[A]

Then keep dog sitting. Okay, I will giving you extra money for what? For school? No, because you're going spending more money than you have. And then it was play money. What? Play money. Are you allowed to have play money if you're trying to go to. Why would you rather go into debt further than you are right now and you have a significant amount of debt and we're about to get into a lot of it. But why the would you rather go into more instead of just a little bit of adult sacrifice? 32 to go to school potentially paid for I want to give you free money right now. I partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them. Check out my investing app of choice, Moomoo, where they give you up to 15 free stocks and 8.1% interest on your uninvested cash when you sign up with my link. Do you want a more traditional savings account? Check out where I keep my emergency fund SoFi, where they'll give you 4.6% on your money and up hundred and fifty dollars for signing up with my link. Would you rather have automated investing? Sign up for acorns with my link and you'll get $20 right now instead of the usual $5 you'd get from your friend's referral. You can also sign up for our investing program and get $100 in cash deposited into your Moomoo account. This is the best way to learn what your investing profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below. So don't pass up the free money because I'll punch you with the money that came in. The the money that came in. Half of that would have immediately paid for your entire semester.

[B]

But I don't think I would be able to live on half of that regardless.

[A]

No, I'm not saying that. I'm saying half of what came in from your payroll would have been able to pay for your entire semester. Entire semester. Okay, I'm not saying you would have to live off of half of it. But just for an example, half of what you brought in from your own work would have paid for the entire semester. Yes, but instead we're borrowing because we want to spend almost double what we make. Because we need to ask Daddy for a little bit more money. Daddy as in boyfriend, by the way.

[B]

Do not call him Daddy.

[A]

How much do you make dog sitting?

[B]

I don't know. It's just.

[A]

Why do a job if you don't know how much you're making?

[B]

Because I'm doing. Because I just started doing it and what's just starting? Like, oh, okay, well I don't do it all the time. That's the thing. So they just call me and I.

[A]

Started an hourly rate?

[B]

No, they just give me what they think is, you know, enough.

[A]

You don't have like a floor. Like, I won't do it if it's not this much.

[B]

Now I do. At this point, I was like, is.

[A]

This like on Rover?

[B]

No, it's just through a coworker, through co workers. And then they sent me somebody.

[A]

Okay.

[B]

Yeah. And then they sent me to one of their neighbors. And so now I do that for a neighbor.

[A]

Listen, if you want your hammer financial score, like, she just gave us a 0 out of 10, which I do respect that, honestly. That's good. I'm. I'm happy you're aware of that. Check it out. It's free in the link in the description below. Also, if you want to be on the show, if you also don't know a single thing about your finances and you need to be kind of told what's up. Apply to be on the show. Calebhemmer.com apply. We're happy to look at every application. All right, let's start this little debt journey. Because we've been chit chatting, we've been chitchatting a little more than I'd like before talking about debt. But it happens because there's a lot to talk about here. Apparently. Bank of America credit card.

[B]

Think there was that much.

[A]

That's because you don't think what you're doing is wrong. So, like, you wouldn't think.

[B]

I don't, though. All right, I'll let you concentrate.

[A]

So on here, we owe $447.37. It's not an insane balance with a minimum payment of $48. Okay. There's an extra 35 for past due.

[B]

That was an accident.

[A]

What do you mean it was an accident?

[B]

They don't send me notifications to put on auto pay.

[A]

You're taking money from your boyfriend for little sweet treats? Why don't you just damn. Pay your bills. Damn. On time.

[B]

That was a mistake. A one time mistake. One time on that card.

[A]

One time on this card. Incorrect. Second time this year.

[B]

Oh, wow. Okay, hold on.

[A]

That's wrong.

[B]

That's the second time. Okay, yes, I was wrong, but that's.

[A]

No, you, like, lied to me.

[B]

It was.

[A]

You tried to make it sound better.

[B]

I can't remember.

[A]

How can you not remember? This year has only had eight months in it so far.

[B]

A long time.

[A]

Eight months.

[B]

Yes, it is.

[A]

Really? Out of your 32 years.

[B]

Yeah. I don't remember what I did yesterday.

[A]

You were so confident that you've never missed the payment on this card and tried to make yourself sound better. And literally within just a few months, you've had an other missed payment. You're like, it's just an accident. This only happened once.

[B]

No, no, but it happened one other time.

[A]

Yeah, that's what two means. One plus one is two. That's how that works.

[B]

But it's not that bad.

[A]

What do you mean? Do you understand finances? Missing a payment on a debt that accrues fees, that is accruing interest, that is at its balance limit. Its limit is $500. Again, you're at $447. Okay, so with that, and you're missing a payment twice, thinking it was only once, that's not that bad. What do you mean that's not that bad? That's like saying because I injected twice instead of four times, it's not that bad. It's still pretty bad.

[B]

Okay, that makes sense. That does. You're right. But I still don't think. Compared to what?

[A]

No, go on, please.

[B]

I mean, do tell doesn't not go on your credit though.

[A]

Huh?

[B]

It doesn't go on your credit that you've missed payments, though.

[A]

A late payment, probably not a full missed payment. Yes.

[B]

Okay, so it's not that bad.

[A]

You're losing money.

[B]

Money.

[A]

And you are borrowing money. So that is bad. You think it's only better if it impacts your credit?

[B]

No, I just.

[A]

How about you owing more money? I think that is pretty bad.

[B]

I just don't think it's that bad.

[A]

How is it?

[B]

That's all I think. Okay. That's all I think.

[A]

Okay. So if it's not that bad, if it's not the worst of the worst of the worst of the worst, it's okay. It's excusable, it's okay to have. If it's not the worst thing in the world, if it's not a. Exactly. If it's not 911, guys, it's not that bad. If it's not another holocaust, guys, it's not that bad. Is that how we're using logic in this world?

[B]

No.

[A]

If it's not an absolute gun against the head murder, whatever's happening isn't that bad. If it's not the worst thing in the world, it's not that bad. Who the cares if it's not that bad, it's bad. The word is bad in it, okay? Why would we do anything that is considered bad? Why would we do anything that's opposite of good? Wouldn't we want to be good doing well? Wouldn't we want that?

[B]

Okay. Yes, I do want to do that.

[A]

Okay.

[B]

That's why I'm here.

[A]

Yeah, well, if you're going to be here and have the conversation, don't lie about how many missed payments you've had. Late payments.

[B]

One payment.

[A]

Two. Two.

[B]

No, one extra payment that I. Oh my God.

[A]

What?

[B]

I'm. Okay, you're obviously really upset about the missed payment. I will not do that again.

[A]

No, it's not being upset about the missed payment. It's being upset that you don't understand the impact of it. Being upset that you don't think it's that bad. Meaning that you're willing to do it again. Because if it's really not that bad, then you're going to do it again because it's not having that impact on you. That's what bothers me is that you don't give a. Enough about it. You don't think it's that bad because. Meaning that you're willing to do it again. Meaning that if you walk away from this conversation instead of having a positive follow up like we just uploaded today on our follow up channel, you know, it was very happy. Someone turned their life around. That's great. Instead you're going to walk out this door and you're going to continue to. Because you don't think it's that bad. That's what upsets me. That's what upsets me.

[B]

Okay. What do you want me to say to that?

[A]

Yes, it's bad and I won't do it again. For sake. Okay. And then on here on the credit card. What are we doing? We're just stopping at HB every second of our life and swiping, swiping, swiping, swiping, swiping, swiping or swipe addict. We're swiping every second of our life.

[B]

It's, it's close to my job.

[A]

So wonderful. Guess what? I'm close to like a million gas stations. I don't go in there and swipe, swipe, swipe toy.

[B]

Well, compared to a gas station, the prices are better going to getting little drinks and snacks.

[A]

They have to be. They're four dollar purchases.

[B]

Well, I have to have my Red Bull, so.

[A]

Have to have your Red Bull.

[B]

Yes. I, I cannot go a day without my Red Bull.

[A]

Yeah, but it's just the caffeine itself. It's literally just the caffeine itself. Make coffee at home, make tea at home, drink straight caffeine, take a caffeine pill. Your addiction to it is literally the caffeine. Maybe a bit on the sugar end. Obviously you like the taste sugar free. Okay. Obviously you like the taste but in reality, what you need is the caffeine so we can find alternatives. You're in the habit. You're in the ritual. You don't need it. You're an adult. Don't act like a baby. You don't need a bottle. You don't need to be sucking on the nip. You have multiple alternatives. Wow. What, you disagree?

[B]

I just don't want to give them up.

[A]

Oh, great. So, conversations done.

[B]

Right.

[A]

There it is. That's the end of the episode, right? That's it.

[B]

That's a Red Bull. It's a Red Bull.

[A]

You absolute.

[B]

What?

[A]

I can't think of a word that describes what I'm thinking.

[B]

Okay. Ask my family. They can tell you something, Probably.

[A]

What's a word that describes her in this situation? You absolute glutton. I don't know. You're spending double, double, double, double what you make on this. On this. So it's just a red ball. No, it's not. You're spending almost double what you make because you can't stop swiping.

[B]

Okay, well, now that you say it like that, maybe I understand a little better.

[A]

But you just said you're not willing to give it up.

[B]

Well, maybe I will. I used to drink coffee.

[A]

Drink coffee. It's so cheap.

[B]

Okay.

[A]

Bean juice. Bean juice. It's good. Doesn't give you wings, but it's good.

[B]

Change to Starbucks. No, not that kind of. No, the powder, the. Oh, my God. You know what I'm talking about.

[A]

You almost just scared me.

[B]

I know.

[A]

The moment you said that, my producers typed kill her.

[B]

I'm not talking about that. I promise. I promise. I promise. I can promise you today I will not do that.

[A]

Okay, Listen, if those are the beans you get, they're a little overpriced for what they are because they're burnt beans. Honestly. The heb beans are better.

[B]

Well, they're good. Yeah, those are good, too.

[A]

Like the. The roasted pecan ones. I think those ones are very yummy. Okay, that's fine.

[B]

Colombian one.

[A]

Beautiful. Wonderful. There you go. You just saved a ton of money. Okay.

[B]

Okay, let's do that then.

[A]

And you don't. There's no. You know, sometimes at work, like, for example, here, there's free coffee for the people. Do you get coffee work? It's like a coffee machine there.

[B]

Well, they have the espresso machine there.

[A]

There you go. And that's free, right?

[B]

Yeah.

[A]

We just saved ourselves a lot of money.

[B]

Yeah, my boss gets it. He's really nice.

[A]

Well, that's great. There you go. Nice boss. Have a nice life. Why not in your future? Because our future. Our future. Our future. Our future. Our future. We did that. Mind you, this is on a card that's maxed out that we're missing payments on twice this year and is accruing interest. 65 this year so far. 70 in fees at a 30 interest rate.

[B]

But 30%.

[A]

Yes.

[B]

Oh my God.

[A]

Okay, I see where we're starting. Yes. Okay. With really no knowledge of our finances. Like legitimately no knowledge.

[B]

30 is a lot.

[A]

It's. It's a substantial number. Yeah.

[B]

I remember when my first car, I had it at 18. That was 18.

[A]

I would like to know. I want to put this more into context even just to demonstrate how bad 30 is.

[B]

Uh huh.

[A]

Do you know on the best average investing in the overall stock market, the best you'll get on a yearly breakdown over a 10 year period if you average it out over the course of the year.

[B]

Well, I was planning this. What do you think that money's getting at my 401?

[A]

I don't care.

[B]

We'll talk about that 5%.

[A]

No, no, no, no. What do you think it's returning in the stock market with the growth?

[B]

Oh, I don't know. I know nothing about that stuff.

[A]

That's okay. I just want to put this in demonstration. Let's say I open up my investing brokerage Moomoo. I open up my app. Wonderful. I buy into the s and P500, the best returning index fund.

[B]

Okay.

[A]

Over the course of.

[B]

You're going to write that down for me though, right?

[A]

Sure.

[B]

Okay.

[A]

And I buy into that over the course of 10 years or actually over the course of its lifetime. All appears all down years combined. The money that I have invested is making 10% on average. 10%. You are losing three times that on this credit card. Three times the best that you could hope for in the overall stock market.

[B]

Okay.

[A]

That's how bad it is.

[B]

Yeah, that's really bad.

[A]

You're not a credit card person. You don't know how to make payments. Not being a credit card person is okay.

[B]

Okay.

[A]

Not being a credit card person's okay. That's not an insult. There's no need to be a credit card person. It's really meant for the people that are disciplined and you're not. And that's okay with your finances, I'm sure you are. In other places of life, that's fine. You know, you need to use a charge card like the fizz card, one that forces you to pay off the entire balance on a monthly Basis or else, you know, you just can't. Or a card that essentially you put the balance on and then you can pay only what you have on there, but you cannot use a traditional credit card that gives you this infinite amount of money that you can just spend and forget payments on.

[B]

Are you talking about a secured card?

[A]

Yes. There's a lot of alternatives, but you cannot use a traditional credit card. That's what's most important to me. You can't.

[B]

Okay?

[A]

You. You. I mean, you can't. Do you recognize this?

[B]

Yes.

[A]

You acknowledge this, okay. Because it's gotten you into a world of hurt, including the second one, Apple. It's a very big credit card on the show, and a lot of people have. You have 744.80 on it with a 25 minimum payment.

[B]

It's.

[A]

Minimum payments are really going to stack up for someone who's cutting their hours in half.

[B]

Yes.

[A]

Previous balance was the same balance. Is it. Oh, no, no, the balance went up. What the.

[B]

What? Okay, what did I do?

[A]

What you did is you made your afterpay payments on here. Yeah. That's hysterical. Your life is a burning pile of traction comedy. Do you understand what this means?

[B]

Okay.

[A]

Do you? Do you understand what this means? I would like you to explain kind of what's happening here.

[B]

I'm not paying it right away and I can pay it later.

[A]

So this is how I look at this. This is the way you're doing it.

[B]

Okay.

[A]

You want to go make a purchase?

[B]

Yeah.

[A]

I'm not going to pay for it. All right now. So I'm going to put it on after pay.

[B]

Yeah.

[A]

So that I make multiple payments on it.

[B]

Yeah.

[A]

But instead of you paying off your after pay, you then further put it on a credit card. Meaning you're delaying the payment twice.

[B]

Right.

[A]

You're after paying your after pay.

[B]

Well, what's wrong with that?

[A]

Meaning you're never making your payments. You're only stacking up what you owe at any given time.

[B]

Making payments to my credit card.

[A]

Okay. And we know how that goes with just literally one car to go, so. What the are you talking about?

[B]

Okay.

[A]

Okay? What do you mean, okay? If you're not willing to. You didn't think about it after literally two minutes ago. We were just talking about.

[B]

Supposed to explain it to me. So that's why I just did. I know. So now I know.

[A]

Okay, okay. Okay. If you are not able to pay for an item, don't buy it. Let's start there. And two, if you do after pay, which please don't because you just can't manage that. Don't pay it by going into debt more.

[B]

Okay.

[A]

Don't after pay your after pay and don't after pay your afterpay. Your afterpay, which I have a feeling we have. You ever done a balance transfer or consolidation?

[B]

No.

[A]

I think because if you did that, that would be after paying your. After paying your after pay.

[B]

I don't even know how to do that.

[A]

Good. And please don't just. I'm sorry. Just. That would scare me if you knew what those were, because I don't want you to even, like, recognize that those exist. Okay, Just forget I even mentioned those products.

[B]

All right. I really don't remember what you just.

[A]

Good, Good. And don't Google ways to get out of debt, because some places will recommend things like that, but you're not disciplined enough to do them.

[B]

So it is a good way, but.

[A]

Not for those who are disciplined.

[B]

Okay.

[A]

Yeah. You don't know how to not spend money, so.

[B]

Okay.

[A]

Or manage a budget. Not yet. We'll get you there. You're not there yet. That. What's. What interest rate do you think this one's at?

[B]

Oh, no.

[A]

What do you think? 20, 27.24?

[B]

Why are they all that high?

[A]

Because they're a credit card and rates are at.

[B]

Have to be that high.

[A]

They want to make money. And there's also a lot of risk involved in giving someone like you access to money.

[B]

That makes more sense now.

[A]

Yeah. One, it takes on risk from the bank, if I'm looking at the bank perspective. But two, also, they're just money grubbers. Like, they just. They want it and they know they can take advantage of people like you.

[B]

Yeah.

[A]

I'm not saying it's a good thing, but they know they can, so they do. And interest rates are also high at the moment, so. Interest rates, when I started the show on credit cards, you know, they're sitting closer, around 20%. Now they're on 30% because interest rates have gone up because of. To combat inflation.

[B]

Yeah, my dad told me that.

[A]

You didn't know that outside of that?

[B]

I didn't know. I thought it was on the houses. Because that's all we talked about.

[A]

Okay.

[B]

We didn't really talk about credit cards.

[A]

You and your dad are talking about houses?

[B]

Well, we have a house together. Me, my dad, my mom, and my boyfriend. They got it for me.

[A]

What does that even mean?

[B]

Because.

[A]

What does that even mean?

[B]

Every time I explain this, Every time I explain this, they're saying that it's not My house. But it is my house once they pass and I know.

[A]

How old are they?

[B]

Hold on.

[A]

I don't even care how it sounds. I just want to know how old they are. I'm only thinking from the financial situation, morals right now.

[B]

53.

[A]

Okay.

[B]

Right.

[A]

So. I don't know.

[B]

I'm asking.

[A]

Oh, you looked at her. Sorry, my eyes were closed, so I. I forgot. She's over there. It's a conversation between me and you.

[B]

Well, you shouldn't forget about your fan.

[A]

Well, it's a conversation between me and you.

[B]

Okay, I'm sorry. So what's wrong with that? Whenever. Because they're going to put it in.

[A]

A. I need to know the structure of this a little bit more. So what do you mean they? But so are you on the mortgage?

[B]

No.

[A]

Okay, good.

[B]

I couldn't get a house. That's why they.

[A]

Yeah, no, that's obvious. Nor would I want you to get one, okay? Because you yourself, you'd be house poor.

[B]

Well, I saw how much it was just for them to get it. I mean, that's just ridiculous.

[A]

Why would they do this?

[B]

Because I am. They knew that I always wanted a house and that they gave me that as a present.

[A]

I guess I'm gonna be candid. And it's kind of like our titles. I mean, but I'll be candid. This isn't me disliking you. And I'm sure many parts of your life are good, but when it comes to your finances, with your boyfriend, with your parent, with your spending, with your management, You're a spoiled brat.

[B]

You think so?

[A]

You are a spoiled brat. How do you just. Your parents literally got a mortgage because you've always wanted a house. Everyone's always wanted a house. Your boyfriend gives you money for you to spend on sweet treats and. And you spend double what you make.

[B]

Okay?

[A]

Yes. You have to have your Red Bull. So you're willing to go into debt for that and have someone else buy your house and give you money? Spoiled brat. Not as an insult. I just want to call it as a. See it. We can fix that if you actually want to. But your actions right now are the actions of a spoiled brat. And I'm not going to just coddle.

[B]

Fine.

[A]

Do you agree or disagree?

[B]

Well, I think that my boyfriend should still send me money. I don't think that.

[A]

Why is it. Why do you want it to be like a sugar baby, sugar daddy situation?

[B]

I just want him to take care of me, that's all.

[A]

It's not even taking care of you. It's literally you going and spending more money.

[B]

Well, he can send me money every now and then to do nails, which I didn't get.

[A]

Okay. And I. Listen, I. Again, I love giving gifts. I do. And if anyone ever wants any of this.

[B]

You're trying to be a sugar daddy.

[A]

Yes. No, not really. No. I love giving gifts, but I give gifts out of just, you know, love for friends, love for family, love for, you know, if I'm dating someone, but if someone was coming up to me, the person I was dating, and, like, give me money, it's.

[B]

Don't say it like that. You make me sound bad.

[A]

Okay. It's just. It's. It's. It's also enabling you as well.

[B]

Okay, there is that. I. I can see. Yes.

[A]

Which is not helping you or your future.

[B]

Right.

[A]

And your parents potentially enabled you. So you're not on the. Are you on the deed?

[B]

We don't have.

[A]

But they put it in a trust.

[B]

No, they're going to. And I don't know any of.

[A]

Why haven't they set up the trust yet? What happens if they die tomorrow?

[B]

Exactly. And that's what I told them. I said, y' all need to do that because somebody had told them to do it since it wouldn't. I wouldn't have to pay taxes or something. I don't really know the whole thing, the whole gist of it.

[A]

Well, my fear is. Well, you're not. Okay. What my fear was is that you're also on the mortgage. And what would happen if they, like, died today? You would be in a situation that would be.

[B]

Right.

[A]

So listen, again, I think this kind of goes in the way of, like, you know, a little bit of spoiled, which. It's okay to be spoiled, by the way. It's more the demeanor and your actions around it that matter more. People can be, like, spoiled as kids and turn out to be really good people.

[B]

Yeah.

[A]

But if you think you're, like, you're entitled to things. Things. And you go. Which you demonstrate through your spending and through your behavior with boyfriend. That's where that kind of throws me off. And. Wow, this episode's wild.

[B]

Why?

[A]

This is just a wild conversation. Just. I'm just realizing now this is hitting me. It's just. This is just. This is intense.

[B]

I mean it.

[A]

We're 40 minutes in and I've talked about two damn documents. We're going to be here for a second, and I'm conducting job interviews in an hour, so we gotta.

[B]

Oh, really? Good for you.

[A]

Thank you. I appreciate it. You may need to do some of those soon to get more money, probably. Our budgeting program, which is provably the best that can be taken anywhere online, is now bundled with our investing program where you can get $100 in cash gifted into your MOOMOO account. This is literally the best education you can take in your life right now. To turn around your financial life or. Or take where you are and make your life even better. These are bundled together for a limited time for 15% off. Check them out links in the description below. All right, we have a quicksilver card.

[B]

Quicksilver. Oh, that's capital. Okay. I don't know what they're called. I'm that if you say capital one, then I'm like, okay, but I don't know what a quicksilver is.

[A]

All right, sorry. I don't know what the context of that was.

[B]

Nothing. Well, you looked at me like I was stupid.

[A]

No, I was just waiting for you to say what you're trying to say.

[B]

Oh, okay.

[A]

I don't think you're stupid.

[B]

Thank you.

[A]

Listen, I'm sure in many aspects of life again that you're probably great. You're probably great at your job, you're probably great in the pharmacy world. You're a dumb finances. I'm pretty okay at finances, but I'm. I would be a dumb. In the world of pharmacy, it's okay to not know things about things, but then you just listen to the people that, you know, have success in certain areas.

[B]

Right.

[A]

That's okay. I'm a dumb. A lot of things sit me down in geometry class and I'm like, I don't know what's going on. You know, I just like, I grow like 10 more chromosomes. Like this is, you know, this is a wild situation. Yeah.

[B]

Okay, well, I appreciate that.

[A]

$1,409.41 with the $51 minimum payment. You have to be. Yes, you are to the credit limit right there. You're at the. You're basically at the credit limit again.

[B]

Are.

[A]

Really?

[B]

Yes, all of my cards.

[A]

$37 of interest is occurring. What do you think the interest rate on this card is?

[B]

I guess another 30%.

[A]

Yeah, we'll play that game one more time, cuz now you're catching on. 30.49% interest occurring. Thank you, thank you. Thank you for not spending on this card.

[B]

I don't spend on that card. What? I'm confused.

[A]

Well, that's telling me that you did. No, since the statement probably since you also told us that you've been spending more than These statements reflect. Which is crazy because you spend double what you make, so.

[B]

Well, I don't have any money to spend, so maybe that's why.

[A]

Can you pull up your app for me right now?

[B]

Okay.

[A]

All right.

[B]

Some.

[A]

A little sneaky. Little sneaky thing.

[B]

Is it the same?

[A]

Pretty darn close. Oh, your credit score is in the 500s.

[B]

Yes. All right, all right.

[A]

We're not looking at flights. We're not looking. She has no money. We're not looking at flights.

[B]

So. In April. Lady, it's for a friend.

[A]

You're like legitimately just like sucking everything out of me right now.

[B]

It. It's for a friend's wedding.

[A]

Congratulations to them. I don't give a. Who do they think they are? Having a destination wedding and feeling entitled to have everyone have to go there.

[B]

No, she doesn't have. We don't have to. Oh, she said that's great.

[A]

Oh, that's wonderful that we're not going anymore. Oh, that's so exciting.

[B]

No guys, that's so good.

[A]

Huh?

[B]

We already like took off and everything.

[A]

Ring, ring. Hi, bestie. I'm borderline. Gonna live under a bridge in like two seconds. I'm not gonna come to Cancun. Okay. Ring, ring. Hi, co worker. I'm especially because you went and you did sense the statement just a few days ago. Went. Got a Red Bull gas station interest charge. So yes, you are still spending on it. This is ridiculous. You. You have a little bit. You have a little bit of room to spend on here. And you're just like, we better go swipe. I gotta swipe. Well, I'm not gonna live if I can't swipe. I gotta swipe. I'm a swiper.

[B]

I didn't have that much in my bank, so I had to use to.

[A]

Get a Red Bull. Yeah. Because that's a necessity to live. What are we talking about? What are we doing?

[B]

Okay.

[A]

What are you talking about? If you were making your rent or like a pet emergency cuz they ate something that was just like making them choke. Like, I get it. That's different. You're getting a Red Bull.

[B]

She gets Red Bulls all the time.

[A]

When she can. You can. You afford them and she can afford them. Great. Guess what? I eat out a lot. I'm a fat. I can afford it. It's in my budget. I have a six month emergency fund. I'm contributing minimum 20% to retirement. I can afford it. You have maxed out credit cards. You're spending double. You make. You do. Not you. I don't Even know if your retirement's basically nothing for your age, you have no fully funded emergency fund. No. You cannot afford it.

[B]

Okay, fine.

[A]

You can be an adult. What is this? Toyota. So this is a car?

[B]

Yes.

[A]

What is this?

[B]

I have two.

[A]

It's a Corolla.

[B]

Yes.

[A]

Two.

[B]

Yeah. Because I got one for my boyfriend. He needed a car.

[A]

Needed a car. He could have got his own car. He's your boyfriend, not your husband.

[B]

Credit is bad.

[A]

So is yours.

[B]

Yeah, well, obviously it wasn't that bad whenever I got it.

[A]

What do you think, you know, you're seeing, because there's no interest rate up front, that this is good? You know, with this lease, they're baking in fees, they're breaking in whatever they want in order to make any kind of money on this, and they are baking it into your thing, and then they're extending it out with these minimum payments to make it feel like it's somewhat appetizing. And then at the end, you still owe. And when did you get this? When did you get this? When did you get this? Yeah. When'd you get this?

[B]

The Corolla in February.

[A]

Great. So used car market prices were higher. So really, in reality, your buyout at the end, because they bake that in at the beginning, what the car is going to be worth if you put a certain amount of miles on it, if you were to buy out, which it sounds like you're not going to anyway, but if you were to buy out, guess what? It would be more expensive than the car would likely be worth at that point anyway. Because year over year, used car prices have gone down 10%. But again, that's plummeting down, and you're buying on the way down. Not buying, leasing. So who knows what value and what was baked in with this? But all I know is you spend $544 of money you don't have.

[B]

No, that's not my payment. That's my boyfriend's payment.

[A]

Your boyfriend's payment? Does he pay it?

[B]

Yes, he does. I drive that car. He pays for it.

[A]

Okay.

[B]

And then I.

[A]

What are you guys.

[B]

He uses the truck, which is the original one that I got. He uses the truck and pay. And I pay for that one. So we just switched.

[A]

And you just want to keep releasing and leasing and never own an asset in your life?

[B]

No, this is the first time I've leased. Thank you very much.

[A]

You're welcome. But you said you were gonna get a lease again.

[B]

No, I didn't.

[A]

So you're gonna buy a car through them?

[B]

Yes.

[A]

Okay.

[B]

And that's why they're with a 500.

[A]

Something credit score and no money.

[B]

It's going to be better in six months.

[A]

How?

[B]

Because I'm going to make it better.

[A]

Oh yeah, that's a great exercise. What? That's how the things work. You have max out credit cards and we just pulled up your statement just a couple of days ago. You just brought the balance back up even though it started to make a little bit of progress via your minimum payments. Because you're like I need some web bowls.

[B]

Not like that.

[A]

But that doesn't get our credit score up.

[B]

Okay.

[A]

Wanting wanting something in six months is not a path to success, okay? It's the actions. And the actions you're doing are horrendous thing.

[B]

They will help me out to get a Toyota. Cuz I've given them. Listen, Cuz I've given them people to buy cars there as well. Well my, my mom, my dad, my brother, everybody's gone there. I mean they don't have those cars anymore. They got, you know, my mom got a Mercedes.

[A]

And they will help you. They will help you complete their sale which will get you a car but.

[B]

At a pretty good price.

[A]

How would you even know my.

[B]

If my payments are lower, I'm happy. I heard you have a spray bottle. You should use that on you right now.

[A]

You care about the least important thing.

[B]

Okay?

[A]

It's not the payment.

[B]

Why?

[A]

Because the way they make your payment look better is by stretching it out to like an eight year loan. What you need to.

[B]

I'm not doing an eight year.

[A]

You don't know. You would do whatever it takes to get the payment in your area. Yes, you would. I know that. Again, this is not talking bad about you. This is. I know people like you.

[B]

I talk to people my car different.

[A]

I talk to people like you every single day. I know what you will do to get this payment when you're in the room because that's what they will pitch you. Fine. What's the longest you would do? What's the longest you would do?

[B]

The longest I've ever done.

[A]

Ever done. I don't care what you've ever done. Car prices regular right now.

[B]

Five.

[A]

Okay, well that's still. You shouldn't do more than three.

[B]

I can't make that kind of payment.

[A]

Oh good. That means you can't afford it.

[B]

So then I get a cheaper car.

[A]

There you go. $10,000. Cap it. Buy it in cash by saving up being an adult.

[B]

Are you kidding me? I'm not getting a used car.

[A]

Oh my Gosh. Okay. Whoa. I am. It is rare that I do not talk to someone from the audience. Since your cousin is in the audience. This is really rare. The amount of delusion in this world and entitlement you have. Remember when I called you a spoiled brat? I'm not gonna, I'm not gonna get a used car. You're a spoiled br. Crap. New cars break. Used cars break. Cars break. We get an educated purchase. We take it to a mechanic that we trust. Oh my. What the is there to do here? Like with that mindset? There's like, there's no hope. There's no hope. What? What? You're not willing to get something that's on a used car? What's a medium new car?

[B]

How am I supposed to know that it's a good car?

[A]

How are you supposed to know a new car is good?

[B]

You can get new cars because I send it over to, you know, Toyota and they do whatever they need to do with it. It's free.

[A]

Congratulations. Congratulations. Do that with the used car.

[B]

But then I have to pay out of pocket for it.

[A]

Dude, if you literally can save, if you get a $10,000 car versus a 35000 new car for it, a $40,000 new car, you're probably gonna get like a $50,000 new car because you're gonna need to have all the bells and whistles. Oh, I know people like you. Listen what you just said. You're spoiled brat. Yes, you will. You can't afford what you'd get anyway. So regardless, if you can save 25 000, $15,000 by paying 500 to get a car checked out, I think. What? What's a bigger number? 15,000 or 500?

[B]

Okay, I know what the answer is.

[A]

15,000.

[B]

What?

[A]

Pay the 500. What? What?

[B]

Maybe I didn't. Listen, I'm sorry, I zoned out for a second. Sorry.

[A]

If you can save $15,000 by getting your $10,000 car checked out for $500, what's a bigger number? $15,000 or $500?

[B]

Oh, okay, now I see what you're saying.

[A]

So why the would you not do it?

[B]

Because I don't have that like in the moment.

[A]

We're talking six months from now. I think we can prepare $5 in six months. You think you can what?

[B]

You think I can save 10,000 in six months?

[A]

Even if we leverage it, you can do three years, 20% down. No more than. What is the money guy, 18% of your income. We could do that. Well, with your hours, cut the income.

[B]

That'S gonna be hard.

[A]

Again. The thing you care about with car payments is the last thing to care about.

[B]

Okay, fine, listen.

[A]

The minimum payment is important, but what that's all you're looking at and taking out of context. That is not the most important thing. The interest rate, the term length, the value of the car versus the real value of the car. Because you're likely gonna, they're gonna sell you a car that's, you know, more expensive than it's actually worth. They will. Congratulations. It's their job, okay? You're not some special extra angel customer that gets nothing that no other customer has ever gotten in the history of the world. You're not that unique. I'm sorry to tell you, none of us are.

[B]

Well, I will say on, on the leases, I didn't really pay attention to.

[A]

8, 8 on minimum payment. I think I said 18. Sorry.

[B]

Oh, the.

[A]

For the rule 33, 20. 23, 8, 20 down. Three year length of the car loan at 8% of your gross income, max.

[B]

You're gonna write this down, right?

[A]

Yes.

[B]

Okay, because I don't remember either way.

[A]

The minimum payment matters. Yes. Once we calculate the interest, if you're making sure you're getting a good deal on the car and the term length is reasonable, then the minimum payment matters all. When people like you only look at the minimum payment, they will get whatever term they need to extend to in order to make the minimum payment, regardless of the interest rate of the value of the car. Fit within their budget and make it feel affordable. So it's a dangerous perspective the way you're looking at cars. I need to be real. The way you're doing this right now is you literally retiring with unable to pay your rent and then you're going to take over a mortgage that you can't afford because they probably have a 30 year fixed rate mortgage and hopefully they live that entire year. 30 years. And maybe they pay it off, but if they don't and it's in a trust where it goes to you, you're still gonna have to pay it.

[B]

Yeah.

[A]

And in no context here, are you able to pay for anything at all? Whatever, for sake. Listen, how much longer is left on.

[B]

This, on the Corolla? I don't know, I think it's three. No, I think it was three years from February. I don't know. Does it say on there? I think it says it on there.

[A]

29 months remaining. Great. So we're basically baked in just on that one. Makes sense since. Okay, so the Tacoma, it's the Old one.

[B]

Yes.

[A]

Okay. Now, he pays the lease, you said. So he gives you that money.

[B]

Yes.

[A]

So he gives you the 544.

[B]

Right? So that's not mine.

[A]

Well, no. You know what happens? He leaves you or you leave him, or he dies or he loses a job, and then you have to pay for it.

[B]

Let me just explain something to you. I had an ex boyfriend, and I did the same thing for him.

[A]

Yeah.

[B]

And he paid it off.

[A]

Okay. Sounds like maybe he had a little bit of integrity. What if this guy. You guys have a messy breakup again? What if he dies?

[B]

Would never do that.

[A]

He would never die.

[B]

Okay, I didn't say he would never die.

[A]

Oh, my God.

[B]

He would never not pay it.

[A]

Yes, is. And it's what you say. Listen, listen. That the world is not roses and flower fields. This is not what it is. You say that you guys have a loving relationship right now. You. The world is unpredictable. You had a good experience with an ex, and I am very happy for that. And also, I can't believe that this is the second time that's happened. You cannot be. You cannot allow yourself to get into this risk. You do not understand the risk of this. You do not understand the risk. And so many people have gotten in situations with the. Take loans off with their family members for exes, for things like that, and then they get in a position because the other person doesn't pay it for whatever reason.

[B]

Yeah.

[A]

And listen, if he doesn't have any money because he loses a job, he doesn't have any money to give you, regardless if he wants to. So, like this. You don't understand the risk behind this is dumb. As dumb as.

[B]

Okay, no, I really understand you. Like I said, when you explain it to me that way, then I. I get why you're so angry.

[A]

It's not angry. I'm scared for you. Terrified for you. It's just because you just don't realize how bad this is. And it's. It's. It's just crazy and just the situation you're in, I know where it ends up. We've had people on the show in their 60s and see where this ends up. Multiple rounds of bankruptcy and nothing to their name.

[B]

Mm.

[A]

Okay, so the Tacoma, this has a loan on it, not a lease.

[B]

To lease. What, so that's bad?

[A]

Did she not just tell me that the other one was her first lease?

[B]

No. No. Okay, I feel like you don't listen very well.

[A]

Pet emergencies can hit hard and fast. One minute they're fine, and the next you could be Facing a mountain of vet bills. That's where Spot Pet Insurance comes in. With plans that have comprehensive coverage for accidents, illnesses, hereditary conditions, and even behavioral issues. Spot ensures your furry friend gets the best care without breaking the bank. They offer customizable plans so you can pick the coverage that suits your pet's needs and your budget. Plus, there are no age limits, so even senior pets are protected with plant options. With high annual coverage limits and no lifetime limits, you get peace of mind knowing that Spot has your back. They also offer preventative care options and flexible deductibles, making it easy to manage costs. You can take advantage of fast claims processing and the freedom to visit any licensed vet in the United States. Don't wait for the unexpected. Click the link below to secure Spot Pet Insurance. Keep your pet protected and your wallet happy.

[B]

Because I said this was the first time that I've leased before. Not. This is the car I first leased on.

[A]

Well, I don't know. I mean, that's. We had that statement in front of me, so I don't know. Who knows? This is a messy conversation. Regardless.

[B]

Okay, well, that was my first original lease.

[A]

Seven months left. What happens at the end?

[B]

We're gonna get a new one.

[A]

With our wonderful 500 credit scores.

[B]

It's gonna be higher.

[A]

Hope is not a path to success.

[B]

But I'm willing to. To work hard. Look, I gave up the Red Bull.

[A]

You didn't.

[B]

Yes, I told you. I said, I promise I will have coffee.

[A]

Oh, so you saying that is you giving it up?

[B]

Yes.

[A]

Okay, so no actual actions, just you saying you'll give it up for.

[B]

I mean, we just talked about this right now. Come on. We just talked today about me not having Red Bulls. I haven't given you the chance.

[A]

Well, I know you said I gave it up. That would indicate to me.

[B]

Oh, my.

[A]

That you had given it up. Well, okay, you're saying you gave it up now?

[B]

Just now. Okay, yes.

[A]

Well, let me give you a little bit of context, walk you through this. We again, we have a follow up channel. I mentioned that we do follows with people. A lot of people have told me a lot of. Out of the four to five, we recorded these a week and released three. I've been told a lot of things that people are going to do. That means nothing to me.

[B]

Okay, doesn't do it.

[A]

Prove me wrong. Because that means that you would be living a better life. Please do. Please do. Because that would mean you'd be living a better life. And I would much rather. Of course I. I want to be Wrong on that. But just based on so many experiences on the show, it's just like, okay, you might do that for a month. Then you're a lot of people that just fall into their old ways. Cuz the. They don't have the discipline required. They're not able to see that end goal, the light through the tunnel. They're just not able to. They just get stuck in it. Okay. Seven months remaining on this.

[B]

Yep.

[A]

Then we're in whatever situation. Credit 1. Credit 1 is an indication of you essentially being in like the worst finances possible. Because the only people who take these out are the ones. They get them in the mail and you just allow yourself to take it out and you have multiple credit ones. Yeah, I think it's as bad as it gets. There's all these fees on a monthly basis.

[B]

What?

[A]

You tell me. What?

[B]

I don't want to say it.

[A]

What? What is it?

[B]

Nothing.

[A]

What am I reacting to? What am I reacting to?

[B]

I haven't been making payments.

[A]

What are you. It wasn't just the first card.

[B]

Okay, but this just started three months ago because I.

[A]

Three months and no payments. Couldn't afford it. Are you kidding me right now? That's gonna piss me off. That is going to piss me off. That again. Spoiled brat. You spent $500 going out to eat. You spent $135 eating Red Bulls. Okay? Unknown shopping. Like usually Amazon. $146. Couldn't afford it. You chose not to afford it.

[B]

Okay?

[A]

You put your that you wanted over it and then you took money from your boyfriend and had your parents get a house for you. You couldn't afford it. You couldn't afford it. That's bull. You chose not to. And that, that actually makes me angry. This is what angry looks like. Cuz that's. That's you being a spoiled little brat who's not willing to sacrifice anything. Not able to afford it. This is money you borrowed that you owe. And listen, if you're against credit cards and you're just morally like, okay, I shouldn't have to pay it. That's a different conversation. You not being able to afford it. Absolutely not. You chose to go eat out and just be a spoiled brat instead of making the payments that you owed. So don't ever say that again. Don't ever try to be I couldn't afford it. Victim. You're not a victim. You're a victim of your own lack of discipline.

[B]

Fine.

[A]

Fine.

[B]

I don't know what you want me to say.

[A]

Maybe accept a little bit of responsibility and acknowledge that you could pay this if you chose to.

[B]

Okay.

[A]

Is that you acknowledging that you could have paid this if you chose to? Hahaha, haha. This is great. Hahaha. Yes, lovely. Our life is ruined. That's amazing.

[B]

My life is ruined. Now that you're telling me all this.

[A]

Do you, do you accept that?

[B]

Okay, yeah. Oh my, I, I, look, those resources will be great for me.

[A]

The ones we give you.

[B]

Yes, right, yes.

[A]

But their education, it's still the actions you put into it afterwards that matter.

[B]

I'm determined, I really am. No, no, look like I'm determined to go to school. Like I'm determined to, you know, become a pharmacy tech. I didn't think I was going to do it, but I was determined to do it and I did it. That's one thing that you cannot take from me.

[A]

Why would I? You did it.

[B]

Okay, so I have no objectives to take things from. I'm telling you, I'm determined to get this.

[A]

When have you become determined to figure this out?

[B]

Well, today because you're yelling at me.

[A]

So this is what's made the difference. You didn't realize this yesterday?

[B]

I did, but.

[A]

Okay, then why haven't you done anything to change this before?

[B]

Because I just ended up just not caring.

[A]

And what is different now?

[B]

You kind of scared me. Okay, so. Yeah, because I need to have money to.

[A]

Yeah.

[B]

Retire. Oh yeah, like nobody's gonna be there to help me then, so mommy and daddy and I here forever want to take care of them eventually, but with this I can't because they're getting older. I'm not saying they're old now, but you know, eventually and with medical issues you never know what can happen. So I need to give them back what they've given me. They're great parents.

[A]

They sound like great people, but they might be enabling you. Okay, but it sounds like they have a great heart. Oh my. The balance is $1,521.04. This is about to go into collections. And you think that your credit score is going to increase? I don't know what the you're on about. Okay, and the credit limit of the, of the 15 $21 balance? The credit limit is 1,150. The normal minimum payment is like 116, but you owe $439 cuz you don't know how to be responsible and make payments and cut back on anything.

[B]

Wonderful. Okay.

[A]

Late fees, annual fees, interest, all the good stuff, all the classics. All right, let's go on, let's go on. To the next credit one. Credit one number two, come on down to $1,314.18. And oh my. The, the credit limit on this is $950. Wonderful. $105 minimum payment. But guess what, what we owe is $434 because again we don't know how to cut back on our spending money. We don't have. Wonderful. Credit one. Oh, credit one number three.

[B]

Yeah. They told me you would get on my ass with this. Who they that one and other we'll.

[A]

Bring your cousin into the. Because you, you threw some things away and saying she does this and she knows the show. We'll bring her into the post show. You can be on camera, off camera, it's up to you. But we'll, we'll give you a mic to talk and you can explain how you see the situation, how your family sees the situation and defend the things that Ms. Amanda has thrown towards you. So we owe $2022 on this and 74 cents with a credit limit of 1 550. What are we doing? So to be clear, I mean you're, you're not. Any kind of car loan you get with this is going to be like a 2530 loan at eight years because you, these are going to go into collections and your credit score is only going to go down. You owe 477. Shocker. But the normal minimum payment looks like about 110 fees, interest. Classic. And it continues an hour and seven minutes into this. My bladder is still full.

[B]

I'm sorry.

[A]

UFCU credit card. $423.59 with interest charged. $5 and 12 cents in fees. Oh my. This fee is a late thing. Listen. Ten dollar minimum depayment and the fee is $10.91. All right. What was the fee? What was the fee?

[B]

Wait, what was the fee? How much was it?

[A]

$10.91. $10 available credit of $76. What was the fee, ma'? Am? Something tells me it's a late payment.

[B]

So there was one late payment and.

[A]

Knowing you that one means there was two.

[B]

I mean maybe. Yeah, but the reason again is because of the notifications. I went to them though and I asked them, you know, how can I resolve this? And they said that there was nothing about the notifications that they are able to do. So I set up a notification on my phone. I don't know how to do that on there. That's a good. Okay. Well I. The.

[A]

Okay, maybe you like just ask them or download the App.

[B]

Well, I have the app.

[A]

Then autopay should be there. Go to the website. It's always. It's there.

[B]

Are you sure the USB one has every. Why do they not have notifications? Credit one has stupid notifications.

[A]

Notifications of what? That a payment is due. Yes, they probably do. It's probably in their system somewhere. Just turn on the minimum. It's $10.

[B]

I know.

[A]

Horse careers. I love you guys. You guys need to just come out with a course, a certification of how to not be a dumb on credit cards because I want to gift that to you. Okay, but you don't need any other certification because you're going to be going to school and getting a great career. A little nervous of how you're going to be paying for.

[B]

Oh my. What's it called? Loans. How I'm going to be paying that.

[A]

How are you going to do anything? Honestly?

[B]

Well, I paid.

[A]

Oh, it was a late fee. There it is. There was a second page. No, we knew it. Okay, wait. It wasn't even a joke. You've had two this year. You're. You're a meme. You're a debt meme. Which sucks because that's actually bad for you.

[B]

Sorry.

[A]

It's like don't be sorry to me. This is your life. No, no offense. I'm going to walk away from here and I going to give you the resources. We're going to ask any answer any questions you ever give us. And I'm going to, you know, hope you do well and hopefully talk to you again. But I'm going to walk away to a life that has been budgeted. You leave here and you have to take care of this mess. You got yourself into this. Don't be sorry to me. This isn't about me. Gives a about me. This is your life and you can not, you can not for a single second allow for someone else to have more of a care of an impact of our financial situation of your life than yourself.

[B]

You're right.

[A]

We already have 5,000 hours in student loans.

[B]

Yeah.

[A]

Oh, and an additional 3,000. Is there more?

[B]

10.

[A]

For what? Your undergrad?

[B]

No, I tried to go to school and I ended up not finishing. But I had told your people about that, that I had already had a ten thousand dollar loan that I was paying on.

[A]

Great.

[B]

Yeah, wonderful.

[A]

Happy for the people you talk to.

[B]

It was during COVID and it got super busy in pharmacy so I wasn't able to really dedicate full time hours to school.

[A]

I see. $9,000.

[B]

Oh, okay. I'm sorry. Yes. 9,000.

[A]

You're making payments?

[B]

Yes. There's 69.

[A]

Okay, so you are on, like, income based.

[B]

Yes. Okay. Yeah. It's a low.

[A]

They're gonna get deferred once you get started. Once you start school, of course, again, they'll be on pause. I can't even, like, think about these student loans right now with just the rest of your thing. And then. What is this? It could be sent to a collections agency for. From Charter.

[B]

Oh, that's Medical.

[A]

That was a Charter Communications.

[B]

I think somebody else took over, probably for the loan or.

[A]

The Charter Communications is not Medical.

[B]

No.

[A]

Is it? Wait. Oh, wait, wait. Well, let me see.

[B]

Like, isn't that the person that takes over one second, like, when they pay out?

[A]

One second? Well, yes. So what got me confused is because it said that this was the original creditor, which wouldn't have made sense, which made me think of Charter. So this was medical debt that went into collections then?

[B]

Yes. Yeah, I believe that was one.

[A]

I want to say that's the original partner. It's obviously not.

[B]

Yeah. Had gone to the hospital. That's why.

[A]

Why did you not pay it?

[B]

I couldn't tell you. I was young and it's young. I was in my 20s, early 20s. I probably was 20.

[A]

Okay.

[B]

And I wouldn't.

[A]

This would not be on your collections anymore at that point. It would not be on your credit.

[B]

What happened was because I heard that if you call or you reactivated them, and I think that's what happened because I was trying to call or talk to them. I don't know. I can't remember.

[A]

This has been four years. So it still takes multiple years to fall off this one. Five years, five months. What's a thousand? 200? What did you move lose here?

[B]

Well, that one's also for medical.

[A]

Well, did you have a lot going on or something?

[B]

I had gotten diagnosed with diabetes, and so I was in icu.

[A]

Which one? One or two?

[B]

Two.

[A]

Okay. Have you made progress?

[B]

Oh, yeah.

[A]

Good. Proud of you for that.

[B]

Thank you.

[A]

Very good. Keep that up. And then a thousand one hundred twenty four. That's been open only one year. What's this?

[B]

Consumer.

[A]

Oh, emergency medical. So this was more medical?

[B]

Oh, yeah.

[A]

Do you not pay any medical bill?

[B]

I don't.

[A]

Why?

[B]

I just kind of put it to the side.

[A]

Well, it is still hurting your credit. Now, it's not accruing, like, any interest or anything, but this is, again, like, you are someone that, from our conversation, wants to take advantage of credit scores to get a car loan. That's what this matters.

[B]

Okay.

[A]

Oh, is that it? Is that all the debt?

[B]

Well, I can't think right now. You just try put a lot on me right now. Can I look at my phone real quick?

[A]

Yes.

[B]

Okay, so Apple Credit one UFCU Capital One bank of America credit card. You did person.

[A]

I'm interviewing for the job opening. I apologize that I'm sending you an email saying that I need 15 minutes extra. If you're seeing this, you probably are.

[B]

I think that's.

[A]

That's 532 in our checking account. 116 is what started. Oh my Apple bill. Red Bull, Red Bull, Red Bull, Red Bull Apple bill meta payout 300. Red Bull, Red Bull, Red Bull, Red Bull Apple bill after pay Great Red Bull. Ancestry.com. that's really important to pay for and we literally can't pay our bills. Red Bull, Red Bull, Red Bull, Red Bull, red bull. Medipe out 215. Who knows where the that went? Red Bull. More ancestry. Great. Wonderful. Chick Fil A Red Bull, Red Bull, Red Bull, Red Bull, Red Bull, Red Bull. At least it's the zero calorie for your diabetes. And there's zero sugar. Meta Pay 61. Red Bull, Red Bull. I just like. I, I no offense, I'm just. I'm. I'm kind of. I'm kind of done. But Red Bull, Red Bull, Amazon, Netflix. Red Bull, Red Bull, Red Bull at a payout. 10 bucks Amazon. Red Bull, Red Bull, Red Bull, Red Bull. After pay. Red Bull, McDonald's. Red Bull, Red Bull, Red Bull, Red Bull. Great Red Bull, Red Bull, Red Bull. Dutch Bros. Dutch Bros. Dutch Bros. Looks like we decided to be a coffee person that day.

[B]

Red Bull, Red Bull coffee.

[A]

Great Red Bull Mexican restaurant. Dairy Queen. Changing up. Then we're back. Red Bull. HBO Max is one of the better subscription services. They actually have good things on there, unlike most. But also you can afford life. Red Bull, Red Bull. Cool. Maybe don't be a financial vampire. That doesn't even make sense. Red Bull, red bull meta payout 300. Oh, you pay for Credit Karma. Great Stat Finance.

[B]

Wait, hold on. Credit Karma. I don't pay for that. I put that in savings.

[A]

Oh, they have a savings. I did not know that. Snap Finance. What's that?

[B]

That's a like kind of like after pay or firm.

[A]

Stop yourself. More Snap Finance. More Snap.

[B]

But I.

[A]

Red Bull done with it. Okay, 15 in cash app sent out. Cash up. Tick Tock Shop. Unless you kidding me? Come on. From your Venmo Tick Tock Shop. You really need whatever you got. Come on. Eight bucks in this checking account. $1 in the savings account. Nothing's happening here. There's a monthly maintenance fee because you don't have enough money in there. So I'm just losing money. Great. Robin Hood. $7. Thrilling. 401K.

[B]

What?

[A]

$5,000. So dramatically behind for your age. That's where I'd want you to be in like early mid 20s.

[B]

So where am I supposed to be?

[A]

You? Where would I want to at least see you if I'm guessing? I mean, a lot of it depends on income, but I would want to see you at least closer to like 10 times that. What if you max out your Roth IRA every year from your early 20s? That wouldn't be hard taking account compound growth.

[B]

I mean, I just did not know.

[A]

Not to mention everyone buys you everything anyway, so it's not like you really have any concerns in your life. Okay, okay, I, I, I'm sorry. I'm sorry that I've just kind of given up. It's just you can. There's only so much emotional energy you can give into a situation for someone that.

[B]

Tell me about it.

[A]

Doesn't really care.

[B]

I'm tired at this point.

[A]

Okay, well, unfortunately, you really don't have that option. Just to let you know. So we're going to be making all the minimum payments because we need to improve our credit to get this car loan. And this car loan's probably going to you anyway because you're going to do it in a bad way. But whatever. You can also email us as you're going through that process and we can at least help. But that's if you actually decide to do that. Your cousin will keep us updated though. Minimum monthly payments on our debts. Wonderful. $1,576.55. How much do you give your parents for rent?

[B]

1400.

[A]

Okay. Does your boyfriend cover any of that?

[B]

Yes.

[A]

How much do you give.

[B]

For mortgage? 300.

[A]

Utilities. Your portion.

[B]

Wait, that's where the 400 is.

[A]

I'm sorry, 400 what?

[B]

Because it's 1400. I say for mortgage and utilities.

[A]

How much do you give for mortgage and utilities?

[B]

Yeah, so 700 total Internet. That's including.

[A]

Okay. Gas. Vroom, vroom. Drive. Drive. How much in a month?

[B]

60.

[A]

I doubt it.

[B]

What? I have a Corolla.

[A]

I don't know. I know, it's just, it's just your lack of knowing. Okay. 60. Sure.

[B]

Okay, put 70.

[A]

Car insurance.

[B]

215.

[A]

TP fund. Anything else you need to survive? 100 bucks. Groceries. You're going to contribute. 250 to the household, he can contribute the rest. That's what you're contributing. You're only getting groceries. You're doing meal prepping. Follow the meal prep that we have in our budgeting program. Address it to your needs. Co pays. Do you have anything medical on a monthly basis?

[B]

No, I get it for free, okay.

[A]

Through my job subscriptions at the other pet.

[B]

I don't pay for anything, okay? That's my parents pet pretty much.

[A]

Great. I don't even know what your income's about to be. And then you're going to school anyway, so it's just like. Okay. All I know is you need 2911.55 to live on a minimum basis. Obviously you're making that now, but you're cutting your hours in half. You're gonna bring. Bringing in like what, max $2,000. So student loans are going to be subsidizing this. Then you're going to get a car loan somehow with saving money for a down payment somehow, so.

[B]

Oh, I don't do down payment.

[A]

Of course you don't. I'm sorry, I'm sorry.

[B]

This is exhausted. You must be super exhausted from this. Like, I believe you.

[A]

This is the first time that I can remember. It's probably happened again. We just refilmed so much. But the first time that I remember is just like, I don't even want to like give a thing. Like what I think is just like, this is kind of done. It's kind of done. You already have your plan set and you're even considering cutting your hours even further if it's too much. So it's just like I, I don't. I have no hope. I have a feeling this is just gonna end in bankruptcy and.

[B]

Well, I'll prove you wrong.

[A]

Please do. But I mean, what's your plan here? You're already 900 hours in the hole.

[B]

No, my plan is to definitely I. Because look like you're saying I can't even. I feel like definitely I can't live off of the shorter hours. Right. That's why I'm saying I'm going to do them for now.

[A]

No, the shorter hour. So you're still under 900. Okay, go on.

[B]

And then next month, hopefully if I can't, you know, I can't be 40 hours, but hopefully I can be more and do Uber more. That's what I plan on doing, Uber.

[A]

I'm sorry, guys. I know that when you guys are just out there, you know, it looks like it's like, oh, how could they do this? How could they, how could, how couldn't they talk about this? How couldn't they do the budget stuff like that? I get that, I get that. It's here you're sitting down having a genuine conversation with real emotions with real actual going on. And I, I don't think I can go further than this in this conversation. I think this is, I think I've hit my peak. I do apologize for that. I apologize to you guys, but I think, I think that's it. Your hammer Financial order is easily a zero out of ten. We're gonna do the post show, but I'm gonna bring in my producers to mostly do the talking. Usually they know more drama because you talk to them before. You know the things, you know, I like to kind of whatever. So we'll continue the conversations bringing in the producers in the post show. You guys can join the channel membership there and get access to that and a lot of other shows that we do there and make sure you guys check out all the resources like the budgeting class and investing class which are bundled at a lower price. So. Yeah. Okay. Today on the Financial Audit post show, does he know about all the debt?

[B]

He doesn't know. Know about the online gambling.

[A]

How would you spend it? Online gambling?

[B]

I just started doing it again.

[A]

Okay, in what world can you do on gambling? What are you gambling? What are you gambling? What is this gambling? What does it look like? What is it? What's the thing?

[B]

It's like slot machine online.

[A]

I didn't think this conversation could get more insane.

[B]

Well, hey, hopefully you get more viewers.

[A]

To watch the Financial Audit post show, click the join button below.

[B]

You say you'll never join the Navy, that living on a submarine would be too hard. You'd never power a whole ship with nuclear energy, never bring a patient back to life or play the national anthem.

[A]

For a sold out crowd.

[B]

Joining the Navy sounds crazy. Saying never actually is. Start your [e-mail]. america's Navy forged by the sea.