Privileged Sugar-Baby Is A Vile Leech | Financial Audit
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Financial Audit live in Austin, Texas on February 22nd. Go to calebhammer.com slash live or check out the link in the description below. Hi, I'm Amber. I'm 25. I'm based out of Sulphur Springs, Texas, and this is Financial Audit. Thanks for coming over to Austin. Happy to have you here. What do you do in Sulphur Springs? Sounds like the most pleasant place to live. Yeah, it's so super great. I'm a nail tech. I've been doing nails for about two and a half years. Oh, they up, up, up into the camera.

They're not done. Okay. Interesting. So with my son, yeah, I don't do my nails because I have my son and, um, what? I have my son. So I don't want to like, you know, I think mom has her nails done. What do you mean you have your son? What does that mean? He's a baby. So I don't want to scratch him changing diapers and changing clothes. And how old is this little, he just turned six months yesterday. Whoa. Okay. Yeah.

Well, that actually screams interesting. I had notes that I was scanning before this. There was this note here that she thinks her father's child needs this show more than she does. What the f*** does that even mean? She thinks her father's child needs this show more than she does. Yeah, so I... I'm confused what that means. Her father's child, as in... My baby daddy. Whose father's child? Well...

Like my baby dad, my baby daddy needs this show more than me. Okay. Well that read incorrect. Your child's father. Yeah. My child's father needs probably needs to show more than me. Wait a minute. Are you guys like together? Yeah. So we're engaged. We've been engaged. We've been engaged for like maybe. Where's he? Where?

Where is he? He is on the road. He owns his own hot shotting company. I feel like this would have been a pretty good conversation to have as an engaged couple. Yeah, I definitely tried my hardest to do that. He was not having it. He's vroom, vroom, driving, driving everywhere. Yeah, got to make that money. Cool. So you guys have a kid together, engaged. How long have you guys been together? We've been together a total of like six, almost six years now. We've been engaged for like two years, two and a half. Okay, so...

Nail tech with a new kid, pretty much. I mean, six months, basically new, fresh off the assembly line. What are you making? I try to average at least like... What do you try to average? Do you average? What do you actually average? I would say I actually average probably like 800 a week. Are you employed? So, no, I'm like an independent employee.

like party basically like i ran a suite out of the salon which is fine 800 a week are we saying 50 weeks a year 52 every week yeah every week yeah you're working the week of christmas and everything i take like christmas eve and christmas day off but other than that let's just call it 51 be conservative 800 a week you try to average so 40 800 a year roughly okay uh about 3 400 hours a month now

Of course, that means we're setting about $1,020 aside for taxes because you're your own business, right? Because you're not employed, correct? Not correct, no. You are employed. I'm employed by myself, but I'm supposed to be putting taxes back, but I do not do that. Financial auto bingo, here we go. Okay, so why the possible...

Are you not setting money aside for taxes? I feel like I can just come up with it later on whenever like I do my taxes and like it needs to be done. I'll just like grab it out of thin air and be like, yeah. So taxes are going to be due here soon. You have enough saved up in savings. No. Okay. Where's thin air?

I don't see that air being very thin around you right now. I'm just hoping and praying they'd let me do a payment plan with it. Oh, that's good. Okay, what about last year's taxes? No, not yet. My sister is... Wouldn't you have pulled that out of thin air according to your logic? According to the logic of Amber. Thin air Amber. So my sister is a CPA. And so I had talked to her about how much roughly it would have been for me to do my taxes. And I was...

I was told about $3,500, but I'd have to pay in for my self-employment tax and all that kind of good stuff. Just self-employment tax or all taxes combined? Self-employment tax alone is what she told me. She did not do everything, so I could see exactly how much it would be, but that alone, that number alone. For this year or last year? For last year. Okay, so if it's been that much, why haven't you done that? We have to do that as business owners. Fun fact, little thing. Right, right, right.

Red, white, and blue area? But I was having a baby, so I was just like, I'll deal with that as it comes. Government's kind of soulless. I don't think they care. That's also true, but at the same time, I was like, I don't have this now. Also, I mean, you're pregnant at the point. You didn't have the baby, so you're like, when taxes were out last time, baby's been here for six months.

You could have been preparing for it the entire way when you're unpregnant and getting pregnant fine. But I was like, I don't get a paid maternity leave. I have to make my own maternity leave. Yeah, congratulations. You're a business owner. There are things that come with it. You take the risk, but you get the reward as well if things go well. So let's not complain about that. Right, not complain. But I mean, at the time, it just wasn't important to worry about taxes whenever I have a baby coming and I want my time off. I'm a little confused why that means we do not pay taxes.

I just felt like it wasn't important at the moment. Yeah. Is it going to be funny to lose your business? What are you talking about? It's not, but I was going to be funny to get audited. It's going to be funny to pay a massive penalty, like a 10% extra thing in taxes. I don't think that's something we can do if we're not able to pay this year's taxes, let alone last year. I don't think we can accept a penalty. No, we can't, but it's kind of too far gone at this point. Like it's too late. I mean, I'm going to get probably penalized. I'm trying to figure out why you didn't do it though.

Because it wasn't just because I had a kid, because that was six months ago. You still had the entire time of 2022 to prepare for the taxes or sorry, the year of 2023 to prepare for those taxes. And you didn't. No, I did not. I felt like I didn't have enough money to put back to worry about those because I was using a majority like all the money that I was making, like,

but like not even thinking about taxes I was using all of that money to either like pay for things what's pay for things just like bills like utilities things like that groceries like I was coming out like almost negative at the end of the week after all the things that I buy like then your lifestyle was too high you had a place you couldn't afford or your business is

a non-functioning business. Right. In the world of mathematics, at least. Right. Why is your business... So, nail business. I'm not, like, the most informed on it. I bite my nails. I'm a naughty little guy. Okay. So, what does a normal nails business bring in? Um, I'm actually...

The busiest, most booked person in Sulphur Springs. Okay, well, this makes no sense then because that's not a lot of money for the most successful business in the city in that category. So that means that category is not a good category for that area. Maybe there's not enough market demand. Maybe you're not charging the right prices. At the time, I was not charging the right prices. Hold on. Come on.

And we see the money that's coming in now at the time is right now. You're still not bringing in enough for what's considered the most successful business in your town of a certain category. And if you're a mid-level, lower level, I would say, okay, that makes sense. But if we're talking the entire city and you are the most successful. I cut back my hours a ton after I had my son. Okay, cool. We're talking now.

Have you still cut back your hours a ton? Yes. I was working before I had him. I was working like six days a week. Wonderful. So you had enough money to pay all your bills and be able to pay the taxes then. So the logic starts to fall apart. So like whenever income tax time like came in like this past February, whenever like things had to be paid off. Why didn't you even file though? Why didn't you even file? Why didn't you even file? Why didn't you even file?

file and say I cannot pay this and file an extension you can file extensions I kept on coming up with excuses to not do it but that doesn't make any sense your extension would have been due a month ago like you would have had a long time to come up with the money yeah I really didn't think about it or consider it you have a CPA relative right

And she does get on my ass about doing my taxes. Then why aren't you being responsible? You have a child. Do you want to fuck all this up before they have a chance to start gaining memories? You want them to live in a world where they have no sense of security? That's not fair to them. Then you have to pay taxes. These are basic, minimal responsibilities as a business owner. Fun fact. And trust me, it's not fun to cut that check. I cut that check. It hurt. It sucked. It could have gone to a lot of growth in the business. I mean, yeah, but... Yeah, do it because it is what it is. It is what it is. It's what it is.

I mean, it's going to get done eventually. Last year's taxes haven't been paid and this year's are about to have to be paid. Right. I was hoping having a baby was going to help level out and balance some of that. Go on. You know, income taxes and people get paid for it. You're talking about a child tax credit. Right. Right.

Yeah. So I was hoping like that was going to help me. Maybe a little for years, but with the full, well, I don't know how much you're able to, like, I'm sure you get supplies and some things in the rent. You can start deducting some things. Maybe some stuff is also a write-off. Who knows? But either way, even with the income that is coming in that you're spending on other things with the child tax credit, tax situation might change next year, actually. But we'll see.

That'll be curious to see. Either way, with you having to take care of self-employment and income and, you know, just pretty much every tax that comes with your situation versus just being a W-2 employee, would it have fully covered at your income scale? Potentially. We don't know yet. But you also won't know until you file. And what do you mean? I'm a little confused how having a kid this year would have changed 2023's taxes. So what does that even entail? I think that I just didn't think it was...

I don't want to say it's like, I didn't think it was that big of a deal, but at the time it wasn't. I'm sorry for interrupting. I just, why do you have that thought? Like in, where do you think it's not a big deal? What do you think is a big deal then? Because this is a very dangerous thought to have as a business owner. Like my first year, I didn't make a ton of money. I want to say like on paper, I technically showed I made about 20,000. Pause. When was your first year? Um, it was 20, hold on.

We're in 24. So 2022. Okay. And I was like, well, I didn't make that much money. So like, maybe I'll have time next time when the, like, I have to do it again for me to worry about that. Did you pay 2022's taxes? Did I? No. For f*** sake. I did not. Oh, for f*** sake. When was the last time you've paid taxes? So the last time I had like a job, which was, um,

Okay, no, I'm lying. I'm lying. I'm lying. So 2022 was the last year that I like actually worked. I did file income tax 2023 year for 2022 because I went to school and I paid- But you had this job in 2022 as well? So I was working that part-time. Like I was doing that part-time, but I was working like- Did you file, did you claim that income? I couldn't technically because I was not licensed. So I couldn't be like- Oh, for fuck's sake.

So you were illegal. You were in a legal business. Do you have a brick and mortar or is this out of your house? No, no, no. It's at a shop. Like at an L shop. I mean, it's at a hair salon. How much is that rent? So the rent there is $100 a week. Oh my f***. We live in different towns. Well, yeah, for sure. If you heard the rent on the place we're looking at moving to. I mean, I get like a small room inside the shop. How big compared to this room? I mean, it's definitely like

like a fourth of this probably. Oh, this is a closet.

It's a literal closet. Not necessarily, but yes, it's definitely a smaller room. It's a closet size. Right. It was like a typical, it was like a storage room at one point that they changed it into my new room. That's cheap. Good, because I would have been very concerned. So you got about $400 a month in rent. Right. Okay, I would have been concerned if it was much higher, because really what we're dealing with here, it's like you got everything to be pretty locked down for any kind of margins. Right. Right.

So, and I'm not, I mean, I think my biggest thing is I just need to make more money, but I also need my kid. That's what everyone says. Everyone thinks they need to make more money. You don't think it has to do with behavior. Why is there a lot of debt in front of me? What's happening? Um, I did get into a lot of credit card debt over the last like year, I would say. Okay. Um,

That's where majority of my debt is at. What year? Why? So like 2024. Yeah, but why? Because if I just didn't have... Like I was... I got the credit cards to build my credit because it was like in the... Why was it in the...

So I had an ex a few years ago that... A few years ago? You've been with this guy for six years. We're talking past beyond that? Before then. You were 18? Yeah. So he helped me build my credit up. Like, he was working with me to build my credit up. We were looking at, like, potentially going to buy a home, get a vehicle in my own name. And he is a felon. So he actually had my social security number that he took and took out loans in my name to pay off parole fines. Oh, for f...

Did you even know? I did not know until it hit my credit. That's pretty quick. About a year after, because he paid on it for a little bit, and then he just stopped paying on it. Oh, you mean when delinquents hit your credit? Is that what you mean? Yeah, yeah, yeah. Not the credit actually being reported. Yeah, yeah.

Because, like, I didn't pay attention to my credit card at the time because I was like, well, I have a credit card. I make the payments on it. Like, I'm never, like, over the limit. I'm never late on my payments. I was like, it's not that big of a deal until I get, like, a notification. So-and-so, like, hits your credit. Hold on. Your finances are fucking weak.

Be clear. Yeah. A lot of it is to build credit, apparently, even though now we have cards that aren't, you know, you're not able to pay off. So we destroyed ourself there. But one of the opening things here in this conversation was, no, the person that needs it's my fiance. So are you with? We both need it. Hold on. Remember?

Are you with someone with worse finances than you? Not necessarily. I mean, he doesn't have a lot of credit card debt. Then why was the note that you specifically told our producers is that he needs it more than you? Because I feel like he doesn't... Your credit score is 564.

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the free money because I'll punch you. I feel like he doesn't not necessarily budget the way he's supposed to, but he has like two vehicles. Do you budget? I don't know. I have attempted to in the past and I just can't stick with it. What are you doing? What kind of deflection is that? I mean, I think he just has more like overall debt as far as like vehicles. Do you even know?

Do you know his financial situation? Kind of, yeah. Kind of? What is kind of, yeah? So, like, I'm not, like, totally in on everything. Like, we don't share bank accounts. Like, I don't look... No, no, no, no, no, no. Do you know his entire debt situation and financial situation? No.

You're engaged and you don't know what he's bringing into this? Does he know your entire financial situation? Not necessarily. Why are we not talking about this? You want to get in a situation again with Mr. Fallon? You want that on repeat? No, I think a lot of it is he's had past relationships that they've just never done that. Has he had past marriages? Yeah. Oh. He is 33. Okay. Yeah, so it's like a nine-year age gap between us. I don't care, eight, but... Or eight, yeah. Yeah.

I don't care about that, but his past marriage obviously didn't work. No. And they didn't share finances. I'm assuming no. And finances are one of the leading causes for divorce in this country. So maybe that was a situation that didn't work. Maybe he should try something a little different if there was a marriage that failed. So maybe you guys should probably share finances. So I've definitely tried to be like, I need to be on the same page as you. What does that look like? I usually don't know information as far as like...

potentially like bill situation until it's like too late for me to try to like rectify anything. Like if something is late, like I won't know about it until it's almost too far gone for me to like try to potentially help on his end because he feels like he, he needs to take care of everything and he doesn't need help. Is he not able to be a partner?

So you know what the word partner means? So I think that he, you know what a marriage is? So didn't have the best, um, situation growing up. Like as far as like what marriage looks like. Um, and I think he should probably try to do the opposite that. Right. Um, and I've tried to talk to him about that and be like, listen, like I need to know like what is going on. You're willing to go through with this marriage because that's, that's what I'm trying to call out here is you're willing to go through with this. It's something that we've,

We have been working on. So more recently, he has been letting know a little bit more about this financial situation. I would say within the last, like, maybe like month. When's the marriage? We have nothing set. How long have you been engaged again? Two and a half years. Oh, wow. That's a long time to work on them.

So, I mean, I got jumped a gun on the kid without knowing what your entire situation is like. Complete accident. Yeah. Rubber. Yes. Should have. Yeah. Well, self-assessed. Where do you think your finances are? One, zero being the absolute worst, 10 being the absolute best. Where do you think your finances are? I would say probably three.

It's definitely... I mean, I know I'm not in a crazy amount of debt as far as I can. $21,819 of debt for your income is pretty horrible. I don't know what you're talking... You don't even know? You didn't even know how much debt you have. I know I have an eviction on my name that was a lot of money. Is that not on there?

- I know there's a variety of collections. I didn't know that. - Oh yeah, one of the collections is an eviction. - They didn't seem to know that? - Yeah, one of the- - For fuck sake. Okay, so you didn't even know how much that you have. So you're just trying to say that your debt's not that bad and you didn't even know what your debt number was? - So I knew like credit card debt wise and like a loan for some gel polishes I took out was like roughly like six to 8,000. - What the fuck? - Yeah, swear, did not know.

If you want your Hammer Financial Score, it's free. See where you are in the financial scale. Go to that link in the description below. And also, come be on the show. Come to Austin. I'll give you a nice little verbal slap. It'll be fun. We'll have a good time. And you can keep anything private that you want to be kept private. Trust me, she cut something very fun from this conversation. So sorry. But you're allowed to do that. Go to calebhammer.com slash apply. Okay, so you. We know what kind of came in. We had...

Gloss Genius, also known as Payroll. $1,000. Venmo in. You clarified this is Payroll. I hear a noise of an infant. Oh gosh, I am so sorry. He does like, he like, sounds like a dog toy sometimes. He just like squeaks and screeches. Yeah, it sounded like something dying. Okay, so Venmo in was $731. Zellion in was $678.

Now I had a loan deposit gloss genius of 2000. What does that mean? So with my, um, the app, the gloss genius app, like that's what I use for like booking appointments, processing payments, um, things like that. They do offer like small business loans. Well, what do you, what do you, how, what do you mean by that?

Hold on. What does that mean? What do you mean? So like, well, first of all, your income is not lining up with what you said comes in. First of all, this is like a thousand, 2000 so far, but what's this loan? So the loan, like they allow you to take out a small business loan. You keep saying that. Through them. Like, so gloss genius. But for what? Again, it's more than your income so far. So it was for a gel polish collection. But it was more than your income.

Yeah, but I feel like if I had that, I could make more income because now I have more colors of gel polish than like literally anybody in my town. You're already winning the town and you don't make enough to survive. Yeah, but I feel like that would be like a selling point to raise my prices to like offset. What are your prices? So like, I know it's nothing compared to like this area's prices. I couldn't tell you. Right. So like,

a solid color short set, like barely off the tip is like 60 bucks. And then like goes up from there. So how long does that take you? About two hours. Oh, okay. Maybe. So 30 bucks an hour, which that inherently is not the bad thing, but I know we're including rent. We probably have to include utilities. No, just rent. Yeah. We probably have to include supplies. Yes. Like the gloss collection. Yeah. So

what are you actually making more like 20 bucks an hour and then how many hours i honestly don't know how to i've never broken it down to the point of like two years and you haven't tried to figure out the cost of a like a set of a time how how do you know you're even making money because again reminder you literally borrowed from your payroll thing more than you brought in and okay well i guess a little over 2 000 came in a little over 2 000 came in

Right. That doesn't include like cash either. So I don't deposit all my cash. How do we keep track of your cash? Where does your cash go? So I can't even track where your cash is going. I hate to say it. Girl math. It's the money I use first. What are you trying to play bingo? Do you know that triggers everyone in this audience? Do you even know that? Yeah. Then why do you say that? Because it's true. I try to use up like I use my cash. How much cash? Do you even know? Um.

Like monthly, I would say probably like 700. That's substantial compared to how much actually came in via payroll in terms of your self-assessed payroll. Like total over the month. 700 is a huge percentage of that. And that just vanishes? So where? Tell me, girl mouth, where?

I really don't know. Like, I don't keep up with that. Then you can't do it. Then you're not responsible enough to have cash. That means you need to deposit your shit. You can track it on a spreadsheet. I probably should deposit it. Yeah.

Okay. And I just don't. Why? I just feel like that's just what I use first. Like, I try to... On what, though? But you don't know on what. I don't really even know what. Because I'm not a huge eat-out kind of person. I do use it a lot for groceries, honestly. The cash for groceries? Sometimes, yeah. $700 a month of groceries? About $200 a week in groceries. I cook everything at home. That's pretty close. I usually...

I make breakfast. No, I don't tell you meal prep. Like I'm a crock pot girl. So like you got a crock pot meal prep. I mean, kind of, I do like, so I do like one crock pot meal. We'll do like two days, like feed us for two days. And I think we can cut those costs low, especially since the kid is the kid on here's the kid on power. Yeah. He's on all tape. Yeah.

free free 99 actually exactly yeah so i think you're and i think but like also i do and then the the the dude man who's too afraid to be here he's on the road so he's not eating your food right yeah food costs are high your at-home food costs are high but i also i mean i i take like a lunch every day i make breakfast every day i eat dinner like i try to do like everything like eat every meal because with like with like obviously him being on the table

Like I, I eat every meal. I'm not saying skip a meal. Who would ever say skip a meal? No one's going to put health over finances. I mean, sometimes. Yeah. Like I'll just, I'll eat like only dinner because I'm like, I'm not telling you to do that either way. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

Then you're pushing high. How often is dude in town? He's home for six days out of the whole entire month. So every... Do you guys even have a relationship? No wonder why you're not communicating our finances. Yeah. What do you guys even do? Kid sees your tits more than him. Yeah. That's also very, very true. Yeah.

Not my favorite thing, but it is what it is. Oh, gosh. You have that much push straight on you guys. It's hard. It's definitely hard. And like when we first got together, it was not like that. He was at home every day. And then he decided he wanted to do his own business. And he's also entrepreneur right now. Yes. What's his business? Because about to move on to the credit cards finally. But OK, so him and his dad have the like a hot shotting company. It's a transport company.

So they haul like everything. So he has like a Ram 3500 with like a flatbed. Oh, he's a man. He's a Texan. Technically, he has to have it to haul. Technically, it's a CDL driver. How much is he bringing in? Versus his expenses. You don't know his expenses. You don't even know his spending. Yeah, no. I'm not 100% sure. Do you even know what comes in? No, I don't see that. I don't see that. We're getting married to this person and we're two and a half years engaged and we don't know what he makes. Yeah.

But again, are we surprised you guys talk for less than a fourth of the month in person? I mean, we try to talk on the phone as much as possible, but with me being at work all day and having to take it. How many hours do you work? My schedule, I usually start at like 9. I work from like 9 to 7 every day.

Well, not every day. Not every day. I'm sorry. I'm sorry. I work 9 to 7 on Wednesday, Thursday, Friday. And then Saturdays, I work from like 9 to 3. So I'm off Sunday, Monday, Tuesday. So like the days that I do work are the days that I have help with my son. That I don't have to shell out a ton of cash for like child care. My stomach is turning. I think I have diarrhea. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best experts

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I've heard from thousands of people now who've taken these classes and they've literally changed their lives for the better. And finally, you can too at a more affordable price. Head to calebhammer.com or click the link in the description below. You will not regret this. Let's talk about this Capital One credit card. I see on here there's a balance of $169.63. Okay. It's not the most horrendously high credit card as far as comes on the show, but it is pretty much at its max. Okay.

Yeah. And here we got little small things. I mean, this isn't a... This is a pretty thick stack, you know? We're thick stacking over here. Purchases, even though interest is accruing. Is it a ton of interest? No. When you stack up all these documents, yes, it becomes a large amount. But it is basically five bucks of interest. You pay the minimum monthly payment because that's all you can afford to pay. But it doesn't matter because you went and spent...

Four times your minimum fee payment. So why are we spending on a credit card that we cannot pay off? It is my favorite question. Oh, come on. You can't ask surprise. How many people surprised? They're like, I don't know. I spent on this card that I went out and swiped multiple times. I mean, it's probably like a Netflix. It may be like my. You can't have Netflix if you can't afford to pay the bills. I mean, me and my clients have to have something to watch. Like when I'm doing now, what are they going to watch this?

They fight that last two seconds and horrible screen quality. Okay, I technically did not watch. I'd only watched the main event of that. And I wasn't at work. I wasn't at home. Okay, so play them music. Talk to them. Have little conversations. Hi, how's your day? I mean, I do talk to them, but, you know, sometimes we like to watch things. Oh, your nails. They're so good. Oh, good.

I mean, yeah, it's fun and all, but sometimes I have clients that come in that don't want to say anything. Did you see Bethany down the street? She's such a... Do you know what I'm talking about, girl? I mean, those conversations definitely happen, for sure. We don't need to be paying for Netflix when we got fresh tea for free. Okay. Brewed up hot and fresh. It's a small town. I know there's tea. Teeny tiny, yeah. Come on. No, you went to Chick-fil-A. Shut up. You went to Walmart. Shut up. You paid for an Apple subscription. Shut up. And then, yes, there was...

Netflix, which is too expensive for you. You really can't afford it. I mean, you really can't. You can't. Which is okay. But I love Netflix. I love Netflix. Really? That's like there's nothing on there compared to anything else. I mean, there's a lot. It's all trash. Yeah, it is trash. But I mean, I need something to watch. Guess what? You're on a free platform right now. Highly recommend it. Yeah, but this platform has a ton of ads.

You do pay for the ad-free version, it looks like, on there. But the ad-free version on here is even cheaper. Is it? I've never even looked at it. Even still, you just can't... It's a math thing. If you can't afford... I'm not saying don't have subscriptions. People get upset about my little Spotify. You can listen to ads while you're in debt. The thing is, it's not about that. It's about that literally you are not able to afford bills, I'll confess. In fact, we know how much money came in. We know how much borrowed. About $3,000 came in. Again, you borrowed $2,000. How much was spent? How much was spent? How much was spent?

How much was spent? All of it. How much was spent? I don't know. How much was spent? I'll say $35. Okay, that's interesting. $4,900. So do we have a subscription in that instance, including Spotify? No, because we can't afford to live. Living comes before ads. I don't know if we know this. It's a fun little thing, especially when we have a six-month-year-old. Six-month-year-old? No. Okay, yes. Okay. Okay.

yeah maybe i shouldn't watch ad free netflix maybe my clients could watch an ad or two i guess maybe our clients can just play a cheap little beaker in there just play like rainforest noises i don't know what do people like to listen to when they have their nails done dude you've had fees fees like crazy fees this year meaning you've had late payments likely on this oh you've you didn't know you didn't even

even know you've had okay there may be like one or two yeah two on here okay are we gonna see that on more cards no no you're confident i don't know i'm almost positive almost yeah i think the only times that my payments were late was when i realized i didn't realize i didn't have the money in my account and everything is on autopay like all my card payments are on autopay so i

So you don't have enough money in your checking account. Yeah. At the time. At the time that it drafted. You are a mother. That is not an option because, again, you're spending down here. Chick-fil-A, Netflix. That is a choice. If it was 100% bills, I get it. You know, things get hard. You're making sure they have food and they have electricity and they have a roof over their head and warmth and water. That comes first. It does. But that wasn't for that. That's not what drained your account and made your minimum payment. Again.

You're building this balance up. You spent four times what your minimum monthly payment is so that you can have Chick-fil-A. But it was real good. Oh, shut the f*** up. Little girl math cheeky little... You think you're funny or you think it's a little silly thing? Shut up! What? So sorry. No, you're not. Yeah, I mean... No. I mean, that was like one time out of all those finances. Guess what? One time you can't afford to pay your f***ing bills. Okay. You can't have paid...

Okay. Come on. That's stupid. You have a child. That is selfish. That is disgusting. I'm not trying to be selfish. Trying to? You are. It doesn't matter if you're trying to. You are. It is the answer. It's not a try. Okay. What? Does this not make sense? No, it makes sense. No, it doesn't to you. I just try my best. You're not. Okay. Trying your best is not doing it. You are an adult with a child.

You have a child. It is different. If this was just you f***ing up your life, that's a little different. I would get less mad about it. And I know I get a little upset easy, and I like to make sure you know how bad your financial situation is. But guess what? You have a kid that did not have a choice to come to this world, and you are choosing to make your debt worse when you are their mother that is going to have to take care of them. They're going to have to live with you and have to deal with your financial decisions for their entire childhood. It is not cute. I don't think it's true. It is not funny. And even one time is f***ing funny.

I don't think it's a joke. I just didn't take lunch that day, I'm assuming, and so I went and got Chick-fil-A. Take lunch! Skip lunch! I don't care! $32 of interest. Come on. It's not a joke.

I'm happy to be all silly and fun, but come on. You don't have a problem when you got a kid to take care of. Okay. I know, that's right. You're right. I'm sorry. You're right. Is this what it's like to deal with you? No, no. Indigo. Again, it's not a massive balance, which is even more upsetting than it actually exists. But $141.16. Okay, what do we got here? Oh, good. We got $3 of fees. $3.57 of interest. Oh.

At least there was no purchases. Congratulations on that. $40 a minute payment. These are going to stack up for you. I already have a feeling. You're not a credit card person. No, I shouldn't. I know you want to build credit. So use the Fizz card. It's one of our partners that all of our guests and a lot of people in the audience use. Use them. It's a debit card. You can't spend more than what's in your account. But it builds credit like a credit card. That's awesome.

super smart. Yes, there you go. Use that. You're not a credit card person. You cannot do this. This card has a monthly fee. Why even have this card? You're not getting any benefit. There's no way you're getting more benefit. Okay, I'm going to be completely real about the credit card situation that I have. So, I think credit karma is a problem for me because I get on there and I'm like, oh, outstanding approval odds can happen.

Build your credit. Yeah, and you're also an approval answer to the bullshit once they have monthly fees, meaning whatever benefit you're getting. Yeah, I don't really... I don't... Okay, I don't really read the whole... Can you read? Yeah, I can. But I don't read, like, the...

Yeah. I like the annual fee. Like I usually like skip over that. Wonderful. Have you ever looked at a statement in your life after that? Yeah. I didn't in depth look at the statement, but I did. This isn't in depth. It is literally just there. Yeah. It's like one of four sections. Yeah. That is hardly in depth. I see what the payment is, the minimum payment or the payment. I like what's the balance and then like the payment. And then I'm like, all right, that's considered in depth for you. I'm terrified for the finances around your business. Yeah. I,

I usually have everything set up on autopay, so I don't even look at any of it. Shut up for a second. We know that doesn't matter for you, though, because you don't have enough money in your checking account sometimes and you can't pay it. So it's not just about setting up autopay.

So, come on. Closest card? You're not getting any benefit from this. And it will hurt your credit a little. But closest card. You're not paying a fee to increase credit. We're not doing that. There are some services where it actually makes sense a little. But again, with this, you're not getting any benefit. It's not a credit building service. It's a credit card where you're just paying a bank. Plus accruing interest.

I mean, if it's 12 months in a year, but no, we're 11 months in a year. This isn't even the 11th month statement. 10 months in a year, it'd be $30. It'd be your annual fee.

fees charged on this card alone this year has been 232 dollars more than the literal no that's basically the credit limit on this card that is insane that has to be mountains of late fees mountains of late fees and you thought there were no other late fees on any other cards you don't know what you're talking about you don't know what your finance is like you don't know how to look at a statement you don't know how to look in depth to things as in a number

I'm trying to think of when that happened. The moment you get home, this is not even an option. The moment you get home, Lindsay's sending them to you. Start going through the debt class. Start going through the debt class thoroughly. Go through the budget class after that thoroughly. Leave the investing one for a second because I don't want to overcomplicate things. Yeah. But start taking too much information at one time. I'd be too much. Take the quizzes.

The fact that you cannot read a statement, make sure on-time payments are dealt with and learn how to build a budget and understand what's happening. Go through all the education we have made because you get it for free. And guess what? This is actually what pisses me off because out there they can get it for 15% off, but the people who buy it...

Over 10,000 people have bought it. They go through this stuff because they buy it. So because they put money towards it, they're investing in their future. They actually take it and then we see results from them. But I have guests come on to the follow-up channel who get it for free and then they don't take it because they get it for free. Change your life. Okay.

Sorry. Listen, I'm a little upset right now because you literally just told me on this last card that that was the only... You were confident that that was the only card that you had missed payments on. That is objectively not true. I knew that the Indigo card, I had at one point in time gotten behind on it to the point that I couldn't. Why didn't you tell me? I didn't know if it was this year or not. I thought it was last year. How long have you had this card? This card's horrible. This card's horrendous. I mean, I'm probably like a...

Let's see. I'm trying to think. I had that for like maybe two years. How do we function as a society, guys? How have we made it to 2024? 2025 almost.

Good for us. I'm doing my best. We're surviving. I'm faking it until I make it, basically, is what's happening. You're never going to make it with your faking it. That's not how this works. You're going to have to actually change, take control, and then you have a chance of making it. You're never going to make it with your faking it. I'm down to change things. I'm down to change things. Good. I just let things get out of hand, and then I'm just. Why did you let things get out of hand for so long? If she's not able to answer this, I am terrified for the rest of my life.

At one point in time, like financially, we got into like kind of a hole. Who's we? Him? You and him? Yes. You and the guy where you know nothing about his finances and he knows nothing about yours? Great. We had kind of got into a hole like in between like a job shift for him. And so I was stacking a lot of things on my credit cards to try to like kind of make up for things that we were lacking. And then it got to the point that like,

So much money was going to try to like pick up the pieces from a hole that I kind of let. Was it before you stuck it in your hole? Yeah, actually it was not too far before that.

Okay, so it was only like a year ago? Yeah, about a year and a half ago. Those are hard times. I'm sorry. You know, we get deep, we get rough, we get scrappy. We figure it out, and sometimes it puts us in a little hole for a while. But you've had a good amount of time to dig out of there, and now we've got dual income coming in. Okay, so dual income, yes and no. Like, I...

I don't benefit from his income. Are you going to when married? Do you know how you guys are going to do it again? It's not like a converse. I mean, it's always been separate. Like his, his stuff is his stuff and my stuff is my stuff. Like,

some things like for the households like we share right down the middle then so i pay all the utilities and i buy all the groceries and he pays the rent which and it's definitely more expensive than utilities yeah so like that's why that's why but again he's there for six days a month so does that even matter you're just getting the groceries for you yeah this is so like weird but even like but whenever you're saying he pays the entire rent yeah but it's like 1100 bucks

That's huge! For a two bedroom, two bath. For your income, that's huge! Yeah, but I don't pay it. Exactly. That's what I'm saying. Yeah. No one wants to think about debt, but the cold hard truth is many of us will get deeper

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From each other? No, not from each other. If he's gone, if his truck gets in a little whoopsie off a cliff. I hope he's got good insurance. But yeah. Are you on it? No. Then yay. I mean, I got hope like he's got like, you know. I'm saying if he dies, which I'm hoping not happens. But life is life is life and you're not prepared for it. And you are in a scary situation. You can't afford to live in your rent already taken care of.

Correct. Yeah. So what I was trying to say is it's okay to get into a hole for a while. Life happens and we get gritty and we get scrappy, but we learn things out of there and then we do what's necessary to pull ourselves out. Again, nothing's happened on here except for we have late payments this year, which is not when the hole happened. Multiple late payments. And we have a card that is going up out of two that we've looked at.

So it can't just be about the hole a year and a half ago. Your actions today are horrendous. Well, I think so. The hole kind of put a lot of his finances like his finances matter right now because I was like trying to right now. Yeah, I was at during the time that that card was late. He was still dealing with he was still dealing with some of some like

payments on a few things. So you were behind because he was behind? Because I was using my... I just didn't have the money. All my money was going towards other things. To pay a $40 minimum monthly payment. Yeah. You cannot be in that kind of life with a kid.

You can't be. That's not our choice. It is not a choice. You have a responsibility now. So like I felt like I was doing something by at least getting the minimum payments made like when I could. You weren't. At the time, no. But like as of now, I was doing what I could to make sure monthly payments were taken care of so it didn't get any worse. I'm going to set you up with even a little extra thing.

Let's say you can run your business a little better. Usually it's more meant for careers, but I'm going to gift you a free course career certification. Okay. For accounting. So you can accounting your business. Usually it's for people like out there to go get an accounting job. It's great for resumes. We love course careers, but,

You're going to do it so you can learn how to do accounting for your own business. Okay. Because you have no idea what you're talking about. I'm not against that. Yeah, you're borrowing basically everything you make. Yeah. From small business loans. Right, right, right. Very curious to look at those. Okay. Oh, another capital one. Platinum. Sorry. What happened? I mean, that one, the other one, the first one is secured. So this is like my step up from that. Oh, wonderful. 341.20. Okay.

with the $25 minimum monthly payment, which, again, these are not crazy compared to a lot of things on this show, but it doesn't matter because compared to your situation, it is crazy. And guess what? You doubled your minimum monthly payment. Yeah, right. I was trying to do something. But then I probably spent on it. Wonderful, wonderful, wonderful. And then you spent more than your payment, so it doesn't even matter. Yeah. I usually, like, swipe a credit card, like, whenever, like,

I didn't have money going to my account from like the day of work. And then I think, well, the minimum payment. You're pay advancing yourself on a credit card, essentially. Technically. Well, kind of. If it's like a Monday or Tuesday that like, obviously I'm not going to work and get paid that day. No, of course not. I'll just swap the card. You can't work on Mondays and Tuesdays?

It's just days I don't have help with my son. Why? Who's helping you on the other days? So my mom and my sister will come and sit with him on... They cannot on Monday or Tuesday. No. What are they doing on Monday or Tuesday? They're not doing it on all those other days. So my sister's a bartender, so she is off like random days throughout the week. And also she's in college. She's also the top serving bartender in all of...

sulfur no she's she lives in prosper that sounds much better than sulfur she's off on mondays but she is about to graduate from college so she oh she goes to college on the monday if they can't help they can't help it is what it is and we know with how much money comes in child care would likely be more expensive yeah i'd be like i would basically be working to pay for the child care i can i can take him but the amount of like time and attention that he needs punch him

No, I get it. It's two. But the thing is, he does have a babysitter that he does go to only on Thursdays. She watches a couple of other kids. How much is that? 40 bucks a day.

Do it. Are you kidding me? Mathematically, you make more than $40 a day when you work. No, I know. So on Thursday. Do it on Monday and Tuesday. She cannot watch him on Monday and Tuesday. Why is everyone all of a sudden doing something different? So on Monday and Tuesdays, she watches another child that has an issue with like abiding other kids.

and so she just wants to be safe to bite back he doesn't even have any damn teeth yes they won't get hurt but they'll get deterred 9 39 in interest okay okay mini mart went to a little mini mart and dollar general probably don't do dollar general by the way usually the cost per like ounce is bad you get smaller portions so it's cheaper but general what do you mean

As in when you went to Dollar General? Oh, that was medicine for my son. He had COVID. From Dollar General? So he can't have prescription medication yet. So like, you know. I was just thinking the pharmacist is in Dollar General. No, no. Okay. The mini mart may...

$50 in fees this year so far. So you're late on three cards in a row. You only said you would be late on one. Are you kidding me? Oh, I guess I was thinking when I thought Capital One, I just meant like both Capital One. That doesn't make any sense. What? Okay. And then, of course, over $100 in interest this year so far on here. MasterCard. When you thought Capital One, did you think MasterCard as well?

No, that's not like one main financial bright way. This is 50 things. MasterCard one main bright way. We'll call it one main.

Please tell me it's small. Again, it is small, which is going to help for cleaning these up. This is ridiculous. $384.02. It is the biggest so far with a minimum monthly payment of $25. Okay. No new purchase is good. Interest, bad. And only minimum monthly payment made. Takes two years to pay off. The way you're doing. You didn't know that? That it would take two years? No. Okay. I just kept hoping and praying minimum pay. For fuck's sake. Fees.

This year, $90 of fees. That's the annual fee. Huh? That's the annual fee. They have an $89 annual fee. Yeah, I don't. You're 100% certain it is $89. Yeah. Do you know? I can't trust you. You're not a reliable narrator for your money. You don't know your numbers. Because I did look at that one when I applied. That is an $89 annual fee on that. It wasn't too in-depth for you? No. I didn't make it through that one. Oh, this is at a 36% interest rate.

Is that the highest I've ever seen on a credit card? It might be. That's insane. I didn't even know that was a thing. Because they can't compete in the marketplace. But apparently they can because anyone will just open them and then they charge the annual fees. Yeah, I don't think I've ever... So I've never looked at interest rates when applying for credit cards before.

But what about the annual fees though? Cause that's so baked in regardless if you're holding interest or not. Yeah. For you a lot. Yeah. I don't know. I don't really know what my thought process is. Okay. Merrick bank. What do we have here?

That one's pretty high, I think. Oh, good. That was such a happier conversation at the beginning, didn't it? I was happier. I was having a good time. Oh, no, you're not above your credit limit. Oh, you're close. No, no, no. None of them are above my credit limit. I do very well and not over. But according to you, there's only one that you had late fees on. So far, it's been every card. So that's... Oh, okay. Okay, maybe not the last one. I still can't trust you. Yeah, that was annual fee. $541.82. $6 in fees. Annual monthly fee. Okay.

No, I like the shirt. For fuck's sake. Golly. Probably done. I poked myself. Maybe you stop going so crazy with the pin. That might not happen. That's what I do. $41 in minimum monthly payments. No new purchases. Good. Hmm. Your payment was only $35, though. And then interest of $13.21. I guess you just maybe got pushed to that new level.

Yeah, enough fees this year to make sense for those monthly fees. So that actually makes sense. It doesn't look like there's extra on here. And then $125 in interest. We have to be close to $600 in interest this year so far across these cards, just about. It might help if I would look at how much these interest rates are before I just start applying, applying, applying to these random cards. It's probably the best. Is that what you think?

come to that conclusion. That's your takeaway. Obviously don't have as many cards as I do, but if I'm going to apply... That's your takeaway. Don't have as many?

Don't have as many and don't charge to them the way I do. You can't have credit cards. So you can't know credit cards. You can't have credit cards. You need to close your accounts. You can't be trusted with them. You don't know how to manage them. You're not responsible enough for them. And that's okay. Who cares? I don't care if you're good with credit cards, but don't give yourself that reason to fuck up. You'd like the leeway. Not even the leeway, the ability. Take away the ability.

If all you've taken away with it so far is I need to stop applying for new cards. Oh, fuck me. If I'm going to have a card, I should- You're not! Okay, I'm not going to have a card. No more cards. No more credit cards. Okay, yeah. $2,016 on the BMI card. Okay, actually a large balance, finally. Unpaid deferred sales tax of $81.39. What the fuck even? What is- Then $10 of-

Wait, be this statement. What is that? Oh my goodness. Look, guys. Oh, oh. What is it? I am proud of you for making it to 25. I am proud that that child has lived until now. Oh, that's my car. That's my car. What? Wait, what? That's my car loan. I don't believe you said...

You were better off than most people because you don't have a car loan. So it's not in my name. It doesn't affect my credit is what I meant. Like that isn't stacked onto my credit. What are you? What even is your existence? What are you? I just meant like that wasn't added on to my dad. Who's this even then? This is my stepdad in my mom's name. Your stepdad's. Yeah. Yeah.

Because I didn't have enough credit to get a car. And you still don't because you keep f***ing up your life and your credit is still s***. Yeah, it is definitely still s***. What even is this car? It's a 2018 Altima. I've had it for almost four years. It's actually worth $7,000. Yeah, and it's not terrible. You owe $2,000 on it. You have an equity position. Yeah. Yeah. So it's

So it's not the worst. I'm saying that it's a good thing. No, the loan's probably bad. I've had it for like four years. So you're likely mostly done with the interest part. And like, I mean, yes, it shows in my car. But you're late fees. You're late. So my wait, they're late. They're late. No, no, I might. The money goes to them. Like they're supposed to pay for it. And it's late. This is.

in their credit yeah it's their it's yeah why are they late are you late to them to them to be late to so whenever whenever my stepdad got the loan in his name he was getting paid on mondays so the payment was due on a monday versus it being on a friday when i could pay it this the term says 219 that would be 18 years that doesn't make sense

219 what? Oh, payments. Oh, weekly payments. Sorry. It's set up weekly. They set it up as like a weekly payment. Okay, so it's a four years. Four more years? No, no, no. Four years total? But you've been doing it for four years. If it's weekly, it comes out to four years. So I pay $125 a week. I pay $500 a month towards the car. And all it's owed is... What was the...

How much time is left? Just whenever I get done paying off that. No, no, no, no, no, no, no, no, no, no, no, no, no. Wait, what's the minimum monthly payment? I pay $500 a month. What's the minimum monthly payment? On the whole loan, I have no idea. What is happening? So the minimum payment, it looks like it's $122. I pay $125 towards it every week. But the monthly minimum is $125? No, the monthly minimum is $122 times $4.

I pay... They have all... It's always been set up weekly payments. So I don't know... Like, I pay weekly on it. Like, it's not like a every month type of deal. There's only $2,000 left. This means you're done in like a few months. But are you? Yeah. You sure? Yeah. You're really doing some damage.

So the only reason why it shows light beams... What was this balance when it first started? I'm not 100% sure. How do you not know anything? Because my parents got the car. It was a surprise because I could not afford to do it. A surprise? Here's a $500 minimum payment. Oh my gosh, our society. Yeah. Our society. I just told her...

I said, I need a car. And me and my fiance before he was my fiance at the time, tried to get one in both of our names and it just wasn't working. You had a fiance? This fiance. Oh, you said at the time. Okay. We weren't not, we were not engaged at the time. No. So he wasn't a fiance at the time. Okay. Yeah. Before he was my fiance, we went and tried to go get a car in both of our names, but

it just wasn't working. So my parents were like, I'll put two people who are engaged for two and a half years and know nothing about their own finances and continue to up when together before they even knew less about each other were unable to do it. What? Yeah, it's so crazy. Right. So, um, my parents were like, I'll help you. Obviously we'll put it in our name, but it's, you're going to be your, who's paying the late fees. Them. Are you me? I pay for everything. So you were, they have nothing. You were late. Yes. Technically.

Do you even know? Did you even know? No, I was. So the payments are due on Mondays versus my money being. But this is on their credit. They allow that? Yeah. Hold your mom. 51. Your 51 year old's credit. Wonderful. Yeah. I don't. Didn't mean to. What do you mean didn't mean to? You were late on everything except for two cards so far. Two out of the one, two, three, four, five, six stats we've had.

That's all the cards though, right? We're done with cards? I don't know! Oh. I thought we were... Okay. You're successful a third of the time on making on-time payments on accounts. A third of the time! I didn't mean to...

What is gloss genius? Oh, is that that? That's what I've paid towards. So with that small business loan that you, I don't even understand what that is yet. I have to take a look. I didn't even know it existed. What do you mean? So it's like, is this the thing? Is this, is this, this is the, this is the payroll. That's the 2000. That's the 2000. It's not technically a payroll loan. No, it's not. This is pay advancing.

These are Michael Little payday loans. Small business loan. You don't know what you're saying. Oh, yeah. That's what it said. Oh, great. You're getting them every second of your damn life. So that's how... Are you kidding me? Are you doing it every single month? So this is how... Are you doing it every single month? Every single month.

every single are you doing a single month huh your little payday loans no i'm not doing this is the first time i've ever done this no no it is yeah good make it because you've never done taking one out before one second good because you are going to get stuck in an unending spiral because when people do these little pay advance things they have to put their next pay to the

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Take advantage of this opportunity to lock in over 7% rates only with Silo at the link in the description below. Now, let's jump back into the episode. You can't go down this path. Once this is gone, this is gone. Turn this off from your brain. It doesn't exist. Okay. It was just a crazy, I had to have this gel polish collection. Let me see what I can do. And that got it. I don't know. What's going on in culture right now? What do you mean? It was like 288 gel polish colors.

So the highest quality special, special like Shrek's anus color or something like what, what did you mean that didn't exist? Because I didn't already own those colors. I started off with like, I started off with like 40. No, I'm lying. Maybe like 30 different colors that I've had for like the entirety of my nail tech journey. Why can't you cashflow your business though? I don't know. I feel like I'm just not bringing at the time. I was not bringing in enough money to keep everything going.

And I had a problem. You're still not. And if that is the case. But if I could work the same amount of hours that I was before I had my son. Are you not? You already said you're not, but you told me how many hours you were working. I was working six days a week, 12 hours shifts. So you lost one. I was working 12 hours a day, every day, except for Sunday and Tuesday.

I was only off on Sundays. You might have to bring the kid, dude. You have the kid. You have the kid. You guys on the road all the time. Or you're changing careers. But having a two-hour... I'm sorry. Paying bills comes first. You've got to figure this out. No, I know I have to figure it out. Yeah, but you have to bring the kid or you need to find another $40 child care center. That's incredible, by the way, that rate. Yeah, it's great. So you need to find another one. Maybe some...

some grandma around town that's doing nothing and is falling down and dying get one of them to look over the kid just make sure it doesn't fall down with them yeah that's the problem i i my postpartum anxiety is through the roof huh my postpartum anxiety is like through the roof like when it comes to other people watching him or him like not okay so what anxiety is more the postpartum anxiety or the i'm not gonna be able to pay bills and we're gonna get evicted oh it's all crammed child is not gonna have a place to live on top of each other yeah okay then maybe uh

vet the person have them come hang out with you for a day pay them a daily fee to come hang out with you vet them see if they smell good if they're stinky huh i can't afford to pay them the daily fee a $40 thing if we can get another $40 person which is incredible this just must be a small town thing over there in uh dankville or whatever what's it called sulfur dankville yeah i don't know how much is owed left on this

glass genius so i just got that paid out last month so i've paid um 270 just since i got it so from october till now what's the interest so it's a fixed fee what's the fee 398 389 389 what three dollars no 389 is the fixed fee they give you they of the of the 2000 or is that included in the 2000 that's included in the so it's two 2389 don't

What was it again? Say the fee. $389. It's like a 19% interest rate. Yeah, basically 20%. I didn't know that. Interest rate. Interest rate. Fixed fee. Dude, why would you pay the advance at a 20? Not a small business loan. You don't go 80%.

I don't even thought I don't necessarily like stuff. I'm just, I don't know that kind of stuff. I mean, yes, this was presented to you in an app and you're like, well, yeah, kinda. I was like, I need to stop looking at things and arrow it. You're obsessed with it. And credit karma gloss genius.

It's a gloss genius anyway. It's literally a booking app, but they send me stupid notifications. It's like, we can help you in your small business. And guess what? You're stupid for accepting them. Yeah. Yeah. I thought at the time, you know, midnight, I was making a great decision by buying this gel polish. And it's, I mean, it's wonderful. It's beautiful on my wall. Oh, good. Oh, on the wall instead of on people's nails. That's fantastic. So good. I'm so glad. It has to be stored somewhere. It's stored on the wall. Yeah, but you realize what you just had. Come on. That was...

Like in your brain. It's beautiful in people's nails. That was in the back of your brain. You know it. It's great on people's nails. It's, that's just all my, so every time I. Good. So we owe 2000 essentially, 2100. And what's your like minimum monthly? Do you even know? Um, so I have to pay at least 266 every 60 days.

So this is how that loan specifically works. We'll call it $133 a month, okay? So every time I charge a credit card or a debit card through the app, like if somebody pays with a card, they take out 30% of that charge.

So I'm never like outright paying for the loan. Like as far as like a monthly payment. That's insane, dude. So it takes out. That's insane. That's so much less control of your money. This is a bad product. Yeah. I'm coming to realize that as I have noticed my, you know, income decreasing. Okay.

Repayment rate is 30% per transaction. Yeah. So every transaction. Every transaction. To get to it, 60 day minimum, $2.66. Okay, I'm actually just $133 a month, but. So I technically pay more than that towards it. That's just like, if I don't hit that, then they just pull it directly from my bank account. Indigo, another Indigo. Indigo 2? Indigo 2?

The sequel, we're back with more monthly fees? That was a different one. Monthly fees? They haven't even put anything on that card. It doesn't matter if you have the f***ing Indigo. Oh yeah, it has the monthly fee, like $9, yeah. Close this card, you have nothing on it! And it's paying, you're being charged $10 just to have this card. Close it, it's stupid. Why give yourself another subscription? This is a third of your Netflix bill almost. But you have two of them, so it's almost your entire Netflix bill. Just to be lucky enough to have those cards.

What? I just opened another card to like right now that I don't have. No, no, no, no. That one is the card that I opened to show that I had to give myself more like credit limit that I haven't spent your credit limit. That's not how you operate. You always get to your credit limit. That will be in the coming months unless you change that. That's how you operate in life.

How have you not realized that? This is a behavior thing. Yeah, I guess I... This is all you not being able to manage your money, not being able to build a budget, not being able to control what comes in and where it goes, set aside money for taxes, be able to pay bills on time and not make late fees and have enough money to check it and get out the bills. Yeah. So...

I've been like thinking that the more I take out, well, I was trying to be more cautious with that card. I actually don't carry that card with me, so I don't spend on it. Oh, come on. You know you're going to get it. I'm not. You know. You are a walking example of exactly what's going to happen in your own life.

Either way, what is the point of having a 36% interest card that costs $10 a month to even have? That's stupid. That's bad money. That was one of those apply. This is bad money regardless. Even if it does give you that buffer, it's bad money regardless. Oh, credit one. If we have credit one, we're on the worst of the worst of the worst of the worst of the worst when it comes to credit. Okay. And it goes honestly kind of pretty damn close to it at this point. Okay. Credit one. We're here, baby. Let's go. Mom had a credit one card. What is he going to think?

You know, I never knew how bad those were until I was like really paying attention to this show. I'm glad you're here. Well, actually, I'm glad you're here for you, but I am thankful. Thank you for coming on, for being brave enough because these people are learning things from you. And I'm glad that you're at least willing to take the step, even if it's hard. And it's weird being on camera. And I know it's like personalities. It gets interesting. But I appreciate you being here and I appreciate what you are doing for the channel and for the community. Do what I can.

Well, hopefully you'll do a little for your kid as well by making your life better. That's definitely... $167.08 owed on this. Guess what? $10 of fees. Woohoo! And $4.18 of interest. Let's go. $30 minimum payments. Wonderful, wonderful, wonderful. No transactions. $59 of fees this year so far. $47 of interest. Wonderful! Wonderful. Yay. Everyone loves credit one. I think that's like from my credit. Hold the... Okay, is this your credit...

What is this? What is N... Okay, what did you owe $1,000 to in collections? $1,086. Would that just not get on here? Come on, this is the first out of like a million of these. Don't be... No, I know, but I'm trying to figure out, is that just recently hit my credit? I don't know. Let me find out. The original creditor, Finance Limited Partnership. NPC. NCP. NCP.

It was open five years ago. Five years ago. For f*** sake, dude. You don't know anything. It might be Verizon. Collections number one. Can I look that on my phone actually? 1,086. We can look in a second. I'm going to keep going though because there's a lot to get through. Let me tell you. And we have sat here for a long time. AT&T collections. 452. Why do you order AT&T and Verizon?

So the AT&T, um, is from the exit. Also had parole fines. He put, um, some wifi in my name and then never paid it. Number two. So that's that. Oh my gosh. Okay. This is a huge collections. Okay. 2044. Let's see. Oh, no, that is Verizon. Yeah. Good. So we don't know what the original one was. Wonderful. Now, why, uh, why so much of Verizon that you did not pay? Um,

This is a bad track record. I'm a little nervous for your future with this much collections. It shows that you fall off the board way too often. So, okay. That has actually been on there since I... That happened when I was 19. That happened when I was 19. If that's the case, it'll fall off in probably about a year, but I'm not 100% sure. Yeah, I had a phone... Me and a friend had a phone on the phone plan, and we ended up...

Um, she couldn't pay her bill and I couldn't afford to pay both of hers. This is dangerous. You cannot link things and see what's already happening with you being linked to your parents for your car payment. You're late. You're them. All these other people were late. They're new. They went to collections. This is stupid. You need to stop it and intermingle that I'm almost nervous for you to get. You guys aren't ready to get married. You guys aren't ready to get married. You're simply not.

Before you even consider marriage, I want you to sit down with the financial advisors that I use at Domain Money. Sit down with them. We're going to give you a free session with them, okay? Okay. Everyone in the audience, by the way, our entire community gets free sessions. Link in the description below. They're a great partner. They're my own personal financial advisors. You guys cannot get married until you guys sit down with them and figure out your finances. I did learn a lesson from, you know, that little Verizon situation. Did you? Because you're f***ing your parents right now. But if I didn't have a car, then, like, I...

Like I was screwed. You're f***ing your parents right now. With your actions right now. You were going out to eat. There wasn't insane amounts, but you were going out and eat enough to not be late. You do what you want. Reliant Energy, we chose not to pay our utility bills as well. X. Had that in my name as well.

That recently, I think, got put on there. It would have still been on your credit. So what happened was I moved out. He stayed in the same house. Recently, within the last year, he let somebody else take over the... The year now? Yeah. This year? I did not know it was in my name this whole entire time. Oh, my. So he left the property and let somebody else take over the rent. Closure credit.

Lock your credit. Sorry. Okay. Lock your credit. You haven't locked your credit yet? No. Because he obviously knows your credit information to be able to borrow things, and I do not trust a criminal. Yeah, he has my social, I'm assuming, clearly. Yeah, lock your credit. Lock credit. Okay. Lock credit. So I guess that has been in my name for like eight years, that Reliant, and then he... Oh, this is open. It's just derogatory right now because it's late. Nope, it's in corrections now. Yeah, so that was...

Okay. I don't know what happened with that. Sure deposit Texas. Sounds like some bank. We owed $1,553 to them. Sure deposit. No, that's the sure deposit for the apartment that I got evicted from in 2018. How did you get evicted? I was sharing an apartment with said friend from Verizon. Oh, the other irresponsible one. Okay. Yeah. And then we got evicted because we...

Somebody, we weren't helping each other pay the rent very well. So I was trying to make it, either one of us was short and the other one wasn't. And so it just did not get paid. What is Autumn Ranch on Swenson Farms? That's the eviction. That's the eviction. So this is more, because this one's $9,149. That's the total. I did offer. Hold on before you get too out of hand. I did offer them. Why is this out of hand?

I see back in 2021. I did not file taxes for a couple of years. I was missing a W-2 from working a previous job. I had did. I did pay a CPA to do my income tax. I got five grand back and

from, cause I didn't get like the, the STEMIs. That's right, two years of taxes, I forgot. Okay, yep, go on. So I got my STEMIs all at one time, plus all my income tax. So I did call that collector and I said, I can pay you five grand right now to settle it out. They said that my portion of it, cause it is a joint one, my portion was 6,000 and they would not let me do anything less. Uh-huh. And so when I- Is that the only time you ever tried? That's, I,

I offered to do a payment plan. The payment plan was $1,000. This is what you do. You do that every two weeks. You call them and say, this is all that I have in my name. If you want to close this out, I'll give you $5,000 now. I did not know that. You do that every two weeks. If they don't do it, then them, but you just work it out.

Okay. You just keep saying it over and over again. You work with them. Eventually they, they want, they're not, they usually get permission. The person that's working with you. I figure, I mean, I had worked in a debt collection, like medical collections before. And so I did not know that that was like something the way we did it. Wasn't the same as that. So I said, how'd you do it? Um, like we just like, it was like a call center. Basically it just like randomly called the numbers as they came across the screen commission. If you closed it out, we did get commission, but I couldn't accept anything lower.

They wouldn't accept anything lower. Where you worked? It had to be like gone through like a whole like situation. There it is. Like, but yes, but I did offer. Do you have any more debt? Not that I know of. I'm guessing it's about 4,000 for IRS for last year. Plus penalties. Let's just say 4,000 for now. Probably going to owe like four or five this next year. Okay. Wonderful. Hey, they said you just spent $250 on a card to beautify your studio. What is this? Where is this?

I didn't see that. What? So I paid down a credit card and then I bought a desk from Ikea. You are not a credit card person. You are not a credit card person. You do not know how to manage your finances at all. Nope. Close all your credit cards. This is stupid. You have a kid. You have a kid. You have a kid. You have a kid. Yeah. Probably need to get on that.

Gotta pay them off first, but I will get them clothes. And you're checking account only a few hundred bucks. Amazon selling out, selling out. Who's selling 100, 125, and then 100?

Car payment. And Amazon. Apple bill. Why do you have so many subscriptions or in-app purchases or walking in? I honestly forget what those are. I know some of them. Pull up your subscriptions then. Right now? Currently? Joe Bob's. Mini Mart. Dutch Bros. Mini Mart. You're walking in. You're getting some. It's not that expensive. So I know you're getting snacks or energy drinks or something. Yeah, it's an energy drink. Yeah. Great. Yeah. Buy in bulk. Go to Sam's Club. No, I don't know. I do buy them in bulk. That's part of the reason why I'm on. And.

Amazon, Dutch Bros, Apple Bill. Okay, Amazon is- $50 Apple Bill? Yeah, I'm not sure. Hold on. Wendy's? I'm getting there. Rico Taco?

Zip Sheen, great. Zellen Money Out, $245. Is that the car payment too? $245, yeah. So usually my car payment is $125, but I pay insurance and my phone bill through my mom as well. So $245 a week is what my... Debra Card, $16.23. Chick-fil-A, Waterbrook. There's so much going on for someone who's laying on their car payment. Are you kidding me? This is irresponsible to the extreme. Dutch Bros, Brookshire, McDonald's. Super handy, going and getting an energy drink. Zellen Money Out, $245 again. It's every week.

$2.45 a week is what goes to my mom for car payment. That's an insane amount of money. You do not have that amount of money. A third of your income before taxes. That's a bill though. Before taxes goes to your mom. A third. For fuck's sake. You went and got an energy drink. Cash app out $21.

Energy drink. Energy drink. Apple bill. Zalem money out $100. Super Andy. Might have to be doing those to bring in some more income. That's not funny. We don't do that. We don't do that. That's a joke. Wait, what was it? I missed it. That was a joke. We don't actually do those. I just make little naughty little jokes because I have a brain of a three-year-old when it comes to inappropriate humor. Going inside and getting an energy drink. Apple bill. Zip sheen. You zip sheen constantly.

You're affirming? Affirm. Are you affirming? That is zip. I don't know. I've seen SPF. SPF. No, SPAFF. It's 40 bucks, essentially. 31, sorry. Prime Video. Great. We have very subscription known to man. Yeah. That's what all my... Have you pulled up your subscriptions yet? Let me see.

Okay. Apple Music. Cancel it. You can't afford it. Canva. Cancel it. You can't afford it. I use that for my work. Use the free version. Disney Plus. Cancel it. You can't afford it. Nebula. Cancel it. You can't afford it. I did not mean to do that. Guess what? You have it. Peacock. Nothing on there anyway. Cancel it. You can't afford it. Watermark. Photo something. Cancel it. You can't afford it. Yucca. What is that? Yucca. What's a Yucca? Yucca. So that's like a... I think I did that last year. It was like a $7 one-time thing. Cancel it! It's canceled whenever it comes back up for renewal. Oh.

No. No. I scared myself. Yeah. Well, oh, you'll be all right. Wow. No savings. No retirement. I had a retirement at one point in time when I worked for a rent a center. I can't get into the account, though. I got to call him and read like a reset on my. But I think it was like fifteen hundred dollars in retirement that I was paying towards it.

I did want to take that money out and like put it into something else. Not like a credit card, but like put it into a different retirement that I had access to. Roll over. Yeah. How much comes in on a monthly basis? One more time. Um, 35 roughly. With the town tax credit and everything. 15% aside for taxes.

Just being a little aggressive there. Okay. So $2,975 comes in on a monthly basis. Set that money aside for taxes. It's not an option. What's your utilities that you have to pay towards? Your debt payments are $807.84. So what's your minimum monthly debt payments? Let's see. I pay about $150 in electricity, $60 in water, and $80 in Wi-Fi. Internet. Okay.

Gas, live room, drive, drive. I would say maybe like $40 a month. I live like seven miles from my job. $20 will last me about almost a week and a half. I had $141. What? $141? You don't know your money. What did I do last month that I had to drive? I'll put it as... I really don't use... What did you say? $40? I'm going to put it as $50. Okay. And then how much do you give to your parents for car insurance again? $310 for car insurance. Okay. And phone bill? $310.

I think it's $150 for a phone bill. Do you... It's a roundabout number. Yeah, I own the phone. Okay. What? You don't have to. I mean, no, I don't. But once I get it paid off, like, there's... Whenever Apple's like, here's... Dude, I had a phone for multiple years and I was fine. But I also use, like, my phone because, like, I take pictures at work to, like, advertise my work. I guarantee your phone's not going to be bad a few years from now. No, it's... Yeah, I'm fine. I have the...

When you pay it off, switch to helium for $15 a month. It's just like T-Mobile. Okay. This is insane. $150 a month is stupid.

TP fun. Anything else to survive, including for the kid as well. $100. I think you can make it work. I'm going to do $150. Necessary food. It's basically just you, and then I'm going to throw a little extra in for the husband. We're going to do $450 a month. Follow the meal plan. Yes. Are you kidding me? He's not even there. That thing eats boob, and you just...

You just need a meal prep a couple times a week. It's super chill. Follow the meal plan in the budgeting course, okay? Okay. Follow it to your needs. Medical health care, anything that goes on on a monthly basis that you have to pay for. Pay $67 for insurance for me and him both, and he is on Medicaid. So he's double insured. $67, okay. Yeah, that's for... You're on your parents for everything, but not that? Okay. Yeah, my stepdad got a new job, and so my mom was like, you got to figure it out. I don't care. Okay, so...

How much for the babysitting on a monthly basis? 40 a week. So just 40 a week. Yeah. Well, it's the one day. 160 a month. Okay. Not bad. Anything else that has to be in the budget that I am not taking account for? No, no, I don't think so. This is a roundabout budget. We don't have the, you know, we sit down hour and a half, whatever, something like that.

You're going to get more detail when you actually go through the programs and learn how to actually go through your statements and make a concrete budget. This is a rough idea of it. It's close. You made it. This is even with setting money aside for taxes. $2,434 to survive on a monthly basis and $0.84 if your gas bill is that low. You can cut back some of these things. But either way, $2,975. Car insurance, get some quotes and see what it would be like just you getting it, okay? Do you have like budget tickets and stuff? Well, can I do like...

A car insurance, if the car is not in my name, the car insurance in my own name? It's not in your name? The car is not in my name. The car is almost in your name. And then quote it out. And then quote it out, okay? Okay. Quote it out.

I mean, you can get cars. It might just be easier if we just wait. Did you figure in my car payment on that budget? That's part of the debts. OK, OK, cool. You make room on that. You can make room in your phone bill. You do have extra money right now. And I think you can cut back in some areas. And that car payment will be ending here shortly. But five hundred forty dollars is left right now on a monthly basis. With that, you know, it's kind of interesting with that. Let's just snowball this guy.

First month, I mean, you take care of the two smallest cards. That's easy. And then you mostly pay off the platinum. Then second month, you pay off the rest of the platinum in the one mail. Okay, wonderful. Then the Merrick Bank is paid off in month number three. And then by that point, the car payment's already done naturally. And now you have extra money. You have an extra $500 a month to start going towards that. That doubles it. That means in month number four, gross is halfway paid off. In month number five, gross is fully paid off.

forget about month credit one but that's included in there let's call that four and a half months so you're in the fifth month that's the same you're happy through the fifth month okay yeah you're debt free besides collections in five months boom easy that's if you actually manage and act like an adult and be responsible

I think I can do that. Then pay off your phone, switch to a cheaper carrier. Boom, that saves you even more money. Allows you to start setting money aside for investments. Allows you to start being able to pay off last year's taxes because you do need to claim that. We can save that for another four months. So let's call this eight months. You need to get a fully funded emergency fund after your debts are paid off. We're looking at about needed for you to survive.

As long as the boyfriend, fiance stays there in every living way possible. At that rate, we are talking, I'm going to say you need about, yeah, get about, yeah, $10,000. $10,000 saved up. So boom, let's call it a year and a quarter. A year and a quarter, you are completely debt-free except for collections, including paying off your IRS debt of the past. Still have to owe on this past year, but you're going to file for an extension. And that'll start coming up at that time anyway. But either way, a year and a half, you're debt-free except for collections.

You have a fully funded emergency fund. And at that point, you can start negotiating down some collections if you want. Save up a couple thousand bucks. Start going down the list and saying, hey, guess what? I have a couple thousand bucks. I can pay this off. I can pay off your higher balance. If you're not going to accept it, that's okay. I have another collections because I f***ed up my life a lot. And I'm going to call them next after this phone call is done, okay? Once this phone call is done, if you don't accept this money, I'm giving it to the next collections person, okay? Cool. Okay.

Okay. And you just keep doing that process over and over again. I did pay off like two of my debts on my collections within the last year. Okay. Well, we're going to make a lot more progress than that. I was super excited about that. And I think you can do that in about, I'm guessing, let's call it another six months to be conservative. So I say two years you are completely debt-free, no collections, no debt whatsoever. You own your car right out, and it's worth a little bit of money, and...

Fully funded emergency fund. Then at that point, make sure you're always setting aside money for taxes for what comes in after that. You are then trying to put towards living 50%. Investing minimum 20%. Okay. Like in stocks or like what? No, we'll talk at that point. Okay. There is no point to talk about that now.

We'll talk about tax advantage retirement accounts at that point. But again, and you'll go through, you'll have the investing class as well. But either way. Perfect. You know, self-employment things. We can look at SEP IRAs. We can look at whatever. So the 401k is a lot of different options. Either way, at that point, 20% to invest in. And then if you're actually 50% on needs, 20% to investing, you'll do 30% on fun.

If you need more to go towards needs, you take that from fun, not from investing because retirement matters and you do not want your kid to have to take care of you when they are older. I'm okay. Because it is not their fault that you've done. Nope. So that's where we're at. You got this. I can do it. Come on the follow-up channel. Come on the follow-up. They are separate channels for follow-ups. We do one a week. Come on there. Okay. Make sure. Yeah.

I'm excited to see your progress throughout. You're going to make substantial progress. What did I say? I said about four months and you'll pay off all these. So I want you to come back in four months and I want to see every single one of those gone. And then that's when we start tackling the past IRS at that point. And we'll readjust. So four months, you are on the follow-up channel. Okay? With those debts paid off, deal? Deal.

Sure. Spending a budget. You overspent zero out of 10 debt. You have collections. You're out of town. Emergency fund. There's nothing. Zero out of 10 retirement. There's a little bit sitting there in another account. One out of 10 real estate. Zero out of 10 hammer financial score. Rounded up 0.5 out of 10. Hey guys, come to the post show. We might call the husband and confront him about how this is all. Yeah. You didn't even think about that. Did you? Yeah. We're about to pick up your world.

or hopefully make it better. We confront a lot of drama and everything in the post show, so make sure to join our YouTube membership. It really helps our channel out through the ups and downs of ad rates. We have tens of thousands of hours of extra content and exclusive financial audits on there. Join Hammer Elite. It's the best value for your money. Link in the description below. We'll see you guys in the post show. There was something we had to

cut from the main audit yeah may have gotten us demonetized in the main show it may have destroyed her life but because it's behind the paywall we're allowed to talk about this insane relationship tea with you and your future husband this is about to get crazy so we're gonna unleash it my fiance is to watch the financial audit post show click the join button below