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What do you do for a living in Houston? That's a good question. Okay. Wow. I start them off with bangers, ladies and gentlemen. Like what do you do for a job in a finance show? I know, right? So I have three jobs. The first one is a full-time job as a software engineer. I work in a government agency. That's 40 hours a week.
What do you make doing that job? So that job I get paid $119,000 and I think it's like $218 or some shit like that. Yeah. And then my second job, I am a computer science instructor for a community college in Houston. That's part-time. So I work on average 15 hours a week and I make $44 an hour doing that job. But only like...
But that's not every week forever though. So that's like semester wise. Yeah. So the classes I teach, I'll actually get into it in a little bit. I'm going to move that mic further from you. You're a little yeller. That's okay. That's okay. Keep yelling. You're good. Yeah. I was like deep throating it. Um,
Yeah, so the classes are... As long as you're not doing that to your students, it's all good. Exactly. Yeah, so I'll get into the classes in a bit, but my classes are year-round, so there aren't really any semesters. Oh, okay. Yeah, yeah, yeah. So, I mean, there are breaks for, like, the holidays and shit like that, but... Probably an extra $2,500 a month then.
Yeah. Could be a little more than that. Yeah. Trying to be a little more conservative. Yeah. So the thing is I can work up to 19.5 hours, but then there's some weeks where I will work, um, like 12. So I just did like the average of like 15. Okay. So, um,
And what's the third? So the third job, this one is kind of seasonal. So it's a computer science instructor position, except this is for a company. I teach a class that's 10 weeks long. It's once a week. I work four and a half hours a week during those 10 weeks. And I get paid $95 an hour. Are you in that right now? So it ended in April, I believe. Okay. So what we have for your payroll that hits your account is $8,095.
Does that sound about right? Yeah, that sounds about right, yeah. Okay. But sometimes it's a little more. Yeah, sometimes it's a little more for sure. Have you ever heard of this little thing we like to call lifestyle inflation? Have you heard of that term before? Has that term ever scratched your brain? Yeah. No, I mean, from context, please. I guess I know what it is, but I don't know. I've never heard of it. Where'd you say you're from? Houston. Interesting. How'd you get here today? Flying. Flying.
Yeah. Yeah. You know, we looked up your car and everything right before this just to get a little idea. You know what it costs you like 40 bucks a gas to get here? Yeah. You know what? Let's just add in some snacks. Add in some, you know, maintenance and appreciation on the car. Okay. Sure.
60 bucks, 70 bucks. It's been 350 bucks on a plane ticket. Yeah. Now your flight was short, but there was also airport time and there's going to be airport time on the way back as well. And there's airport time on both sides. Yeah. Oh,
Why do you fly? Because also just spoiler alert, it's a big packet. You make a lot of money, but you spend like you make double the money. I know, I'm blown. You've lifestyle inflated yourself into oblivion. We haven't had a higher income person in a while, and it's interesting because you're doing exactly what you're not, literally what you're not supposed to do. So...
First of all, just why'd you fly here? Okay. So because of my job, essentially, like I couldn't take that much time out of work, right? So from Houston to Austin, it's like a two and a half hour drive. And then I have to rent a car. And then I drive back. So I own a car, but it probably wouldn't make the drive. What is it? It is a 2003 Honda CRV has 280,000 miles on it. So okay. Yeah, that's interesting. Okay, so the rental would have added to it. That's
So, I mean, I think driving is probably the best choice, but in terms of like, was caught, uh, what's called cost opportunity or whatever, like, or miscost. I don't know. Oh, did you gain an extra 30 minutes of work? Uh,
like it couldn't have been i get i gained like an hour and a half i think the issue more is with the time at the airport on both sides yeah because i got tsa pre-check i just like fly in and out and yeah um but yeah i mean i just i need to be present right so like if someone drives to the airport too so there's time for that yeah parking and look go ahead yeah also like i am a member with united so i get points yeah yeah
Yeah, so that's why I flew. Do you find yourself suspending money without really thinking? Yes. So I blow a ton of money on food. That's like my main thing. I have no idea how much money I spend. Yeah, it's bad. You're a skinny boy though. Yeah. Just have the metabolism that all of us dream. Exactly, yeah. Okay, so self-evaluation. Self-evaluation.
zero being the worst in financial history 10 being the best in financial history where are you on the scale what's your score oh i would probably be like a one i would say a one i'll give myself a one yeah okay so why do you think with such strong income how long have you had such a strong income yeah so that's a whole long story so um i'll give you like the
I'll give you a little, uh, synopsis of it, but like essentially, um, I didn't go to school, um, for computer science. I studied some other thing, um, which I have a lot of student loan debts because of, uh, that degree. But in any case, um, went to a bootcamp later, um, and then transitioned into career software engineering. This was in 2021. So, um,
Prior to that, I was unemployed, underemployed. I wasn't making any money. Was living off of student loans and living with my parents. Had a lot of anxiety issues as well, which I can talk about later. But in any case, was able to kind of steadily get better jobs.
And then I ended up getting a job at Coinbase, which is like a crypto company. Was working there for nine months. I was a contract to hire employee. The crypto market crashed in 2022. The financial situation in general just wasn't well around the world. So-
Ended up, you know leaving coinbase. My contract wasn't converted to a full permanent position And yeah, I was unemployed for like a year and I was like an emotional low and They could definitely take a big emotional hit. Why were you fully on? Well, I did you get unemployment of any kind? No, okay and
That's because you were a contractor, but your contractor didn't get renewed, right? But you weren't let go early, were you? No, no, no. It was just the contract ended and then they didn't want to convert me. And a year. A year of nothing, though. Like, I'm not saying you would have landed the best job in the world immediately, but why nothing for a full year? Yeah. So...
I did work part-time actually. So I reached out to like the community college that I worked for and I was like, hey, because I had interviews lined up at some companies and I was like, hey, I just need to make ends meet, you know, while, you know, all this stuff like kind of plays out. And they gave me a job as a teacher and the classes I teach actually is for Apple. Apple has partnered with us. They've given us like millions of dollars to teach these like coding and technology classes at jails around Houston in hopes of reducing recidivism. So-
So how long have you been making this in my way? So yeah back to the original question I started this job in government back in January of this year Okay, yeah, then I know they haven't seen it and we're about to jump into it right now What I see is very concerning if you've only been making this income temporarily. Yeah, I
So we're going to start with a card that you didn't spend on. But it has a outrageous balance. You only paid the minimum monthly payment towards, which is ridiculous. Again, spoiler alert, when it comes to the spending that we're going to see. But we have a Bank of America card. Bank of America card, paid minimum monthly payment towards it. You brought it down to $12,911. That's insane. It's an insane number with $282 of interest, which is crazy. And a $408 minimum monthly payment.
How is this up to 12? How is this up to what is basically 13,000, which the total credit line is 13,700. So this was basically maxed out and it's still very close to it. So how did we get at this high?
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Yeah. So this card and all my other cards, they were all maxed out at one point. So whenever I left Coinbase, emotional low, I didn't know what the I was going to do. Couldn't get a job. And I did the maybe not so smart financial decision. And I was like, I'm going to go travel and I'm going to live life. Travel? I know. So we go from income to no income and we go do one of the more expensive things? Yes. I definitely get there's a big psychological level that happens in unemployment. Like people can really get...
Like ego, not just that, but just like, it's just every emotional stability. Um,
It can really get hit hard. And then like even having a hard time finding their job can also, you know, hit that really hard as well. So I get that. But we then maxed out our credit card spending or traveling. That's like the last thing we would want to do. Yeah. No, no. It was awful. I mean, I, you know, burned through all my savings. I had about like $13,000 in savings. Maxed out all my credit cards. I had seven at the time. Retirement? What's your retirement at?
So that's a good question because I don't fully know. Like I get retirement as a like part-time teacher with the community college I work at. You don't look? So I looked and that's like $2,400 right now. Okay. But then since I started working for the government agency, there's like
three, it's like a three prong approach for retirement. So one of those is a pension. Yeah. Um, that one, I always have to contribute. I believe it's like 4.4% of my, um, monthly or biweekly statements or something. Um, and then I have like a, what's it called? TRS, which is like a 401k. That one, I actually stopped contributing like, because I was like, I just need that cash to pay off this credit card debt. Um, so I haven't been contributing. Yeah. Okay. Okay.
Well, I mean, spoiler alert. I mean, I'm just going to say this because you said that you spent $2,000 going out to eat. Yeah. Well, I don't think contributing to your 401k was the issue. Yeah. And that was the thing. Like when I left Coinbase and I was like, you know, living this bohemian lifestyle, like traveling, like I went to the World Cup and I went to Europe and all these places. Yeah. It costs a ton of money. Yeah. And that's why this is a maxed out card. Yeah. But in spite of all that, I was like,
I can get myself out of this hole. I don't regret my decisions. Even though, yeah, I don't recommend anyone to do that, right? But I don't regret any of that because I went to the World Cup and saw Messi play and went to Europe and all these things. So I don't know. I believe in experiences, right? No, experiences are great. Experiences that you can pay for. And I mean, now you're paying for it. What's being put on hold right now?
Some things have to be put on hold or maybe they're not because you're still like you owe money left and right. So, I mean, the regret, I'm not like go beat yourself. I'm not saying that. Yeah. But it's like, okay, you put off the payment for all that stuff and now it's due and you got...
I don't want to use the word luck because there is skill. I mean, I love the fact that you went to a boot camp. I love certifications. Like, I tech certifications through course careers. I absolutely love them. There's, like, I'm all about it. So you have the skill set and you have the work ethic. But if you didn't land this job, man, there was a big risk. Yeah. No, no, you're absolutely right. It was a gamble. And again, you're only making the minimum on this one anyway. Yeah, yeah. Okay. Well, we'll go through and see if that makes sense or not.
In terms of regret or no regret. Would you do it again right now though? Oh, regret it. But would you do it again? I don't think I would do it again under the right circumstances. So like, like for instance, right now, if they're like, Hey, you know, go to this place, this place. I would say no, because right now my, my thought process is like, I need to get myself out of this hole. What's different.
It's just, I have stability, right? Like I have financial stability, I'm older. I wanna be a millionaire at some point. I want to help my community. So the reason for me getting money and being rich isn't just to enrich myself. Like I'm very a mission driven person. So like I want to use that money to like impact positively communities, you know, my family, because my family came from nothing essentially.
So it's more for that. So now that I'm older and a little bit more mature, it's like that's what I want. Please.
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So this one's a bit weird. Some of these cards you kind of pay off. Like this one you paid off, but there was still interest. So like you didn't fully pay it off in time, it looks like. Because there's $22 of interest that accrued, but you still paid off the balance. Then you went and purchased $2,000. So there immediately goes a fourth of your take home.
That was just purchased on this card. Yeah. $2,060. But again, do you pay this off every month? Yeah. So now I'm in a position where, so that credit card, there's some other ones that I pay off the full statement balance. The ones that I don't really make a dent in are the Discover card that we haven't talked about. And then the Bank of America card. Those are the ones that are just like right there. But why?
So, for example, the Bank of America card, $12,911. That could be $10,911. But instead, on here...
We went to an Asian restaurant, Barnaby's Cafe, Gyro King, Chick-fil-A, Flying Saucer, Barbarella, Smoothie King. Barbarella's like a dance club, right? And then Rice Village, Taco Bell, Samosubi, some Korean place, Chicken Finger, Water Burger, Chick-fil-A, Hobbit Cafe, Firehouse Subs, Cafe Gribson, Uber Eats, Nadal's.
Kloshy Factory Smoothie King Burger King Venue Machine somewhere Domino's Local Foods Rice Village thing another cafe Basil Cafe
You're paying for Google Ads and Domino's and Domino's and Rice Village and Amazon and a bistro going to a bistro. The Google Ads thing is like, that's a whole separate thing. We'll talk about it because you just spent another $50 there on that. Yeah. And then I went to the movies and Uber Eats, Einstein Bagels, Domino's, Burger King, Istanbul Grill, Chick-fil-A, Common Pond, Coco Crepes.
Kalashie Shoppe and Brown Bag Deli, Burger King, another something on Google, $200, then Uber Eats, Jersey Mike's, another cafe, Einstein's Bagel Bros, Bros Bagels, Panda, and Firehouse Subs.
So there we go. Thousands of dollars that literally could have gone towards paying the debt. So what do you mean? Like, oh, they're just sitting there. They're big and we're trying or something. Whatever you suggested. But you went and spent $2,000 on this card. Yes, you're paying it off. Yes, we can talk about that. Yes, that's a good thing. That within itself is a good thing. But that should have gone to the card that you lost what? What was it? $250 in interest that was just stolen from you on a single monthly basis. So why are we going to...
around when we have such a high balance on that bank of america and the discovery which is coming next so why why are we spending so much on there
I mean, I don't know. I was just like food is just like an outlet for three times a day minimum for you, by the way. Yeah, it's bad. And so prior to the whole Coinbase thing, like I actually like was very disciplined with like my finances. At least like I had a budget. I knew how much money to spend on food, this and that. After I lost a job, I said, you know, and then just like went all out. So that mentality is still there, you know.
Okay, but it's time to move beyond it. January, you got the job. You have the income. You have the position where you could be out of debt and live the life that other people want to. But you're literally $3,600 in a single month across going out to eat and going grocery shopping was spent on food alone. $3,600. Almost half of your take home went to literal calories.
like that's absolutely insanity that's absolutely insanity when another 300 is lost on this discovery card in interest so what is that like 600 bucks gone in interest on a monthly basis that that what is that that's like an eighth of your income something like that like what what are we doing yeah i think that's just the most lack of discipline yeah
You are given the blessing of a lifetime with this income. Take advantage of it. Literally sit down and budget. Do you budget? Do you budget? So I have projections on when money comes in and goes out, but I don't know how much I spend per month on everything. So you don't budget? I don't budget. Yeah. Why don't you budget?
I used to, and then I said, f***, I lived this hippie lifestyle or whatever. Yeah, but January, it was different since January now. Yeah, yeah, yeah. You lived that lifestyle. Okay, that happened. If we're all punished for every little stupid mistake we've made in the past, like no one would ever be anything in this world. We would all be f***ed.
just like shamed forever. Yeah. Where you are is now and where you're trying to get is where you're trying to get. That's all that matters. So since January, you've had this new life, big change. Yeah. Why have you not changed since then? Yeah. I think a part of me was just like, okay, I dug myself in a hole. I was able to get out or I'm climbing out. Um,
And maybe a part of it is pride, right? It's like, okay, I was able to do it then, I can do it again. But that's just stupid. Wait, climb out of what specifically? So like, for instance, it's like,
- So my goal is to like increase my income like every year. - No, you said before, like you climbed out of something. It was your employment situation? - So yeah, yeah. So, well, so for instance, like before I got the Coinbase job, I was working at like different jobs, but I had accumulated a lot of credit card debt. So something I didn't mention is like, I suffer from anxiety and- - Me too.
like i mean no it was pretty bad anxiety like i was an agoraphobe for like a year like i could not leave my house oh i get the panic disorder i can't go on planes i have a hard time traveling beyond the city of austin yeah take a flight to houston it is a i know that's that's what we just talked about we'll see if it's a thing no my panic disorder prevents me from doing things like that so yeah i relate to it more than you think okay yeah no i mean it it sucks right and um
Point is, I wasn't bringing any money and I like got into $15,000 of credit card debt. And then I got the Coinbase job and I was able to pay all of that off and then have a savings of like $13,000 in the span of like nine months.
So I was like, I believe in myself. All the work, all the sacrifice, though, for that. Why would you want to do it again when this money instead could be compounding in the market? You've already given up the best decade of your life for compound growth to have any chance of retirement. Now you're willing to give away your second best decade of growth? That doesn't make any sense. You want to start investing at 40 other than your pension? And who knows how far that's going to stretch. I don't know. They don't have...
the best ROI depending on the pension usually because there's so many limitations on them in terms of what they're able to invest in. It really depends. I mean, there's this Canadian school system. Now, they've had a downturn because of the commercial real estate market recently, but they've had the best pension ever because they invested in the best things around the world. But either way, it really depends. Can you rely on that? I don't know. I don't know the ins and outs of yours. So it's just like...
You could be setting yourself up for life. Do you own a home? No. You could be setting yourself up. You could have a good chunky down payment on a home if that's what you wanted. There's so many different things that you could, but instead, you're just like, oh, because I did it before, I can do it again. So let me just frown a little. Yeah. Does that make sense? No, you're right. No, I think that's accurate. And that's something I'm working on now. Because yeah, I think...
a lot of it is psychological. It's kind of like putting myself in these positions that like climb myself out. It's like, why the am I like punishing myself or self-sabotaging? Um, but like, I recognize that. Right. And that's what I had to do. I had to look in the mirror and see, you know, all my flaws and who I was. And yeah, so that's why I came on the show. Right. So I need to hear tough love and I'm willing to make the changes, you know? Um,
So $260 on Google ads. Yeah. So that's what's going on with that. Yeah. So, um, me and my ex, um, it ended, we were kind of on again, off again. This was like a while back. Um, and yeah, I w I was devastated. She moved on with another guy. Um,
- I just want everyone to take a moment. Where do you think the story is going? I broke up with someone and I'm spending $260 a month on Google ads. What? Okay, go on. - Yeah, so I'll get to that point. But essentially, yeah, so.
She moved on. It's over. I was devastated because I treated her like throughout the whole relationship. Didn't value her. I just wasn't involved. She loved me. I loved her, but I couldn't show it. She had issues. I didn't want to hear about it. But in any case...
But yeah, so she got herself in a financial hole. So her friend's mom owned a compound pharmacy. Mom was, you know, prosecuted for fraud and had to sell that compound pharmacy, which my friend bought from her for millions of dollars. Well, I mean, did she commit fraud? So the friend's mom did. Yes. Oh, OK. Well, so so you read that she did.
Yeah, the friend's mom went to jail. She deserved her or whatever. But my friend ended up owns the pharmacy. Or my ex, I guess, owns the pharmacy now. Oh, your ex. Okay. Your ex? Yeah. Oh, okay. So it was like...
It was like my ex's friend's mom owned the pharmacy. And now why does your ex have it then? Because essentially she, the lady wanted to sell the pharmacy and she knows my ex. They're like kind of like family friends. And your ex can afford millions of dollars of financing? I don't know how the f*** that, I don't know how the f*** she paid for it, but she, it was like a $3 million thing, right? But the pharmacy isn't even worth that much. It's worth like $100,000. So... Well, how are you defining worth?
I mean, just in terms of revenue. Revenue, right? Like three times EBITDA? What do you... I mean, I don't know any business. But my ex who owns the pharmacy is like, hey, this is not generating the amount of money that... How much did she spend on it?
So my ex, you know, she bought for like $3 million. You're saying $3 million, but like did she finance the $3 million down loan but put like $1,000 down or something? I don't know the details. All I know is that she's in debt for $3 million. She's in debt for $3 million? Yeah. For something you think is worth $100, okay. Yeah, so it's not worth it, right? She was misled. But in any case, because I was... Sounds like fraud 2.09. Yeah, I don't think that lady's... She's not a good person. But in any case...
Because me and my ex split and our relationship, how our relationship was before, I was like, you know what? I need to like kind of even the scoreboard because like she's always done good to me and I've always been like. So like I was like, let me help you make this pharmacy profitable. So like I made her a website. I'm paying money for Google ads. Something like that. Yeah, I'm paying a lot.
um and that's a good gesture and the tough thing about this whole thing is that like she has a boyfriend so she's like not even she's not even talking yeah so like my friend oh yeah my friend's like don't be a simp don't do this blah blah blah but a part of me is like as a good person i should try to help her out and you want you did the website though i don't know if like holding back your entire financial future is like because i
again this is 360 or 200 whatever it was it's not an insignificant amount of money when you have so much debt that's a reoccurring thing um but long story short i don't know if i'm going to continue doing that because like she refuses to talk to me um oh my goodness yeah so it's like i'm doing all this stuff and she's like not even answering my messages so is that why you spend 700 hours a month to
So that was a whole different, I guess it's related. So I pay for my girlfriend's business, ex-girlfriend's business. She doesn't talk to me. So what do I do? I go blow $700? So yeah, so at that time I was low. Like I was emotionally low. Oh, sorry, $1,400. It was bad. $1,400, I've been corrected. It was bad. When was this? Because this has to be relatively recent.
This was, I don't know, in April, March or something like that. Okay. This was like, well, we saw ATM withdrawals that we figured we were going to that. Yeah. I mean, I, I, I don't go to the club or anything. So what happened was I was feeling like emotionally low. My friend came into town and he was like bored. He's like, do you want to go? I was like, sure. So we go to this random club in Houston. It's like Sunday, middle of the day. So there's nobody except like three girls, two friends getting boners next to each other. Exactly. Right. Uh,
Yeah. So we're like sitting there for an hour and I was like, well, I want to get a dance. Like I'm not, you know, I spent money to come in here. I need to get something. And this like girl, like out of nowhere shows up.
and then I was like VIP room let's go that's like the private room sure and yeah you know she did her dance and she was like you want to let's do it so we in the club and that's where yeah that's where that's where it all happened yeah and on top of it what happened was yeah I thought she was attractive okay um yeah I wasn't just going to like whoever I don't okay yeah and also like we just asked
Yeah. So we were in the show. She's giving me a dance and then she's like, hey, you want to do it?
Did you wear a condom? Yes, I did. Oh, yeah. So what happened was she was like, you need to get condoms. So I left the club, went to the pharmacy, got it, and then came back. Your ex's pharmacy? Yeah, exactly. I stopped by her pharmacy and was like, look what I got right here. But in any case, no. So it was this whole thing. And then my bank shut down the card. Wait a second. Was she like, do you want to get it? And she was like, and this is the cost? Yeah. Yeah.
So you're prostituted? Yes. I won't get in trouble, right? I don't know. I don't.
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So it happened and there is a lot more drama that went into that. But what can you don't have to if you don't want to. I'm an open book so I can get into it if you want. But well it's not really super finance related. So let's post show. Sure. Yeah. Let's talk about on the post show. Well we can get back to finances. I'm interested in the tea. I mean I love a good little good little sip of tea but we'll save that for the post show where we can
It tends to be more wild. Finances, though. Discover it. Okay, $10,000. $647. How much of this went to... We do not know. $322 minimum monthly payment. How did we even get to that?
Trying to figure out from, like, what am I leaving something out in the financial conversation that we were talking about before we got to that? Usually I'm not so flabbergasted. Okay. Okay. Now, another card that we pay off. It's the Freedom card. So this one doesn't accrue just because we paid off. But again...
You're going to a cafe, Kalashie Factory, Chick-fil-A, Whataburger, Coco Crepes, Coco Crepes, Brown Bag Deli, Chipotle, Giro King, or Gyro, or Giro, Giro King. Oh, my gosh. Firehouse Subs, Colesword. It's a tabletop gaming restaurant. And Churrocos Goes Woodland, Mexican restaurant, Apple Bill, Kalashie's.
Popeye, Thai Cafe, Water Burger, Apple Bill, Apple Bill, Apple Bill, Burger King, Chick-fil-A, Buc-ee's, which that was not gas, it looks like, $6.90 points. I don't know if you drive your car out there anyway. Social Bar, Buffords, which is a grill slash bar, LB Social Bar, P. Terry's, which is burgers, Taco Joy, Speakeasy, my goodness, Buford's. Oh, you were in Austin, weren't you? Yep. Speakeasy and Buford's, I know those.
If you frequently take out loans to bang... Apply to come on the show. calebhammer.com slash apply. So, again, we spent $2,000 there. So, that original card could have been brought down to $8,000 from the $13,000 it's at. Yeah, it's... I'm just like... Dude, I'm just trying to picture it like...
You're paying off your cards. Usually I tell people to get the Fizz card because it's a charge card. I think you kind of know how to use credit cards at this point. You're proving that you're on the right direction, but you're having this big behavioral issue with not being able to control your spending, but you're able to manage paying off the cards. I think it's only your income situation. I'm just like, man, if I was you and I was just sitting there and I opened Moo Moo and I was like, I'm going to buy some S&P 500 today. Let's get in it. And you're just...
Just that. Just that. Let's get some compounding going on. Say you had nothing. The next 30 years, you're investing that $4,000 a month you've literally spent eating out so far at 8% a year. So average stock market, $6 million. What? $6 million. No, f***.
Yeah, that's the value of compounding over the course of 30 years, $4,000 a month. $4,000 a month is a ton of money, but you're literally spending it on going out to eat, going to bars, going to cafes, getting whatever you're doing. Like three times a day minimum, three times a day minimum. And even groceries itself, again, you spent like $1,600 going to grocery. Like what are you getting? That's weird. I actually don't, I didn't even know that it was $1,600 because generally I go there and I try to spend $100.
Um, but a lot of it is like, I mean, cereal juices, water. No. So, I mean, that's why I asked the budgeting thing. So luckily, cause you're a guest, you're going to go through our budgeting program and our investing program.
I recommend it for anyone. But of course, you need to go through it because what I need you to do now is next time you're in a grocery store, man, just track what you're purchasing. Put it down in the budgeting spreadsheet. You need to know what you're doing. And like, I can't see your purchases. So I don't know. But you spent like $1,600 at grocery stores. Was that over the course of one month? We only have one month. That's... Yeah. $1,600. Yeah, I don't know. I have no idea.
Are you like in a cooking class or you're doing like crazy shit? What is your life? I mean, I think a part of that is whenever I go to the grocery store, like I will buy stuff for my students. But that's generally for like... Yeah. Which ones? So the ones at the jail. Okay. What are you getting? So it's like this graduation ceremony. And like, so my students, like they eat like dog food. Like they don't eat anything good. And they haven't had outside food in forever. So I'm like...
I kind of go all out. So like I'll buy them ice cream. I'll buy... Yeah, but how often is that? So that is once every six weeks. Did...
And then in between... How much do you spend on that? I like the heart. There's a good heart there. There's a good thing there. I think that's really good. There's some positive reinforcement and also just things for them to look forward to. Yeah, like at the graduation ceremony, they get the food, they get the certificate. A lot of my students were like, I've never graduated from anything. Yeah, that's really cool. Yeah, it's a lot. I think you can budget it at least though. I think you can budget it because $1,600, how many people are in your class?
It's like 22. Okay. And it can be more than, it can be 40. Every six weeks. I mean, that's, I don't know. That's a lot of money. It is a lot of money. I need to sit down and just look at the numbers because as you can tell, like I'm just blowing money. You need to look at what you're purchasing. I could teach you how to budget every day, but if I don't know what you're purchasing at the grocery store, that's very difficult. So you need to really track that. Yeah. Go through our investing program. Sorry. Well, yeah, you should, but.
That's the one that's in my head. Go through our budgeting program and you really need to learn that. Okay, $435 on another card. Again, you pay it off, but it says Apple bills, it's parking, it's more Apple bills, more Apple bills, and tons of grocery stores, and Apple bills, Patreon, Upsplash, Stock Photo Library? For what? That was for the website. I need to cancel that. Cancel it. She doesn't even talk to you. Yeah, I know. It's bad.
I think, yeah, you, yeah. I mean, what's your friend saying? How long have you guys been broken up? You're doing a bit of simping. I know. Well, that's the thing. He's like, you're doing all this. He's like, the boyfriend's like, you know, you know, I'm like, I get it. I mean, they're dating. So yeah, that's normal. But I felt like, um, no, I mean, we were on and off for like 10 years, dude.
Okay, but when was the official? The official breakup was back in early March or something like that, February. She bounced back quick, okay. Yeah, I mean, it was just like she was waiting for me to change and I was just too f***ed up to realize and then she just ended up meeting a guy and then she... You met a guy, you met a s***, love story, it's over this time.
Exactly. Yeah. But yeah, so she just met a guy and she moved on and I was like, I didn't move on. You know, I tried to move on, but I always held out for her, you know? Well, I mean, yeah. Like what the fuck am I going to talk about relationship wise? I'm like, I don't know. I, you know, I'm not married or anything. I haven't met the successful thing, but as someone who's been through breakups, it's totally natural to feel like shit.
you know yeah quite a few months depending on the situation so yeah i mean with that i'm not gonna knock you for that but yeah with that it was like a lot of regret right of things that i didn't do because you knew you could have done better so you're always looking back like i could have done this i could have done yeah exactly because like she i mean she literally like begged me to like make it work and i was like nah and i was just doing my own thing i was lost in my own world yeah you deserved it yeah no so that's the thing like you know she's moved on i'm moving on you
we're probably never going to get back together or at least how tall are you i mean you're attracted dude you're gonna do well so that's the thing it's like guys are always like oh it's your height you can just pull chicks it's not like that okay but there is an easier part of it the top what is the statistic the top 80 of women only swipe right on the top 20 of men in terms of conventional attractiveness and like you know six five blue eyes trust fund
you know that kind of I mean yeah I think if you have like all of the different variables I know but the height like they see someone below six foot it's like swipe left like that is so classic that how tall are you I'm six four see you have a better chance I think yeah no I mean I think you have conventional attractiveness so nah you'll be fine you just gotta you gotta actually create like a good dating profile though yeah no I mean so my I used to use hinge and my profile wasn't that good um do you have a new one
no i mean we can we can review my old one if you want to still have it i don't you can look at it in the post show yeah but um in any case uh yeah height isn't everything and yeah sure no it's not everything but you i mean you have things going i got you you have a strong income you have conventional attractiveness you have height you have a full head of hair you have uh you're not a fat you're you know there's there's things going for you yeah
Still had to pay for it, but you have things going for you. Went and purchased $900 on here. So at this point, what have we spent on the credit cards? We've spent like close to $6,000 now. This is mostly bullshit. This one, you know, MoviePass, and this is grocery stores, dude. Fucking Kroger, Kroger, H-E-B, Kroger, Kroger, H-E-B, MoviePass, H-E-B, insurance, H-E-B, H-E-B, Target, a potential car thing, H-E-B, Whole Foods, and then another movie. You're just...
You go to the grocery store every second of your life. I feel like you're never not somewhere swiping for food. You're always swiping for food. That's an interesting point. I need to look at the transactions because I also get my prescriptions from the pharmacy at a grocery store. But are you saying you get a new prescription every day of the week? No, no. I'm just saying I don't know if some of those transactions were for that. Maybe one or two, but even still, across all these statements...
And also like the things you're getting in like the Apple Apple store as well. Like 200 bucks. What are you getting? Sure. You have some subscriptions like Apple music or Spotify, but like, what are you doing? And we know you don't have hinge premium plus extra. So like what? Well, no. So that's the thing. I actually, I, so I had it. I just never canceled it. I don't, because I don't use, I don't use the apps anymore, but like,
I still have that so I need to go in there and like you know cancel I used to buy roses too and all that and super likes and yeah so I blew that's what I do right now yeah yeah you know I always I want one of my friends to set me up with one of their friends that's like a conventional normal way but guess what all my friends friends are already my friends so it doesn't work like that it's annoying $206 of purchases on here it's all Kroger great
But you pay that off. But it's just the spending and you have those two big credit cards. Now, this one's weird. Do your parents, who you owe $6,000 to, know that you're blowing all this money? You blew that much money, $6,000, in this last month. You blew that all. You could have paid them back. Do they know? No. Okay. Yeah.
How much did this cost? No, how much did it cost? I'm not talking about it for this one. It was like $700. Okay. When we owe $6,000 to our parents... Yeah, I know it's bad. And then $4,000 to a friend. So why do you owe $6,000 to the parents? So $6,000... I think it was like $3,000 from my mom and $3,000 from my dad. Are they divorced? No, no, no. It was just like they both had their own money and they just gave it to me. But...
I think this this was I mean during my unemployment right from coinbase to this government job Um, I think I needed money or something like that and they they lent me the money and you haven't paid it back No a penny. No, so no minimum monthly payment agreed Okay, what about the friend because that can be even more embarrassing? No, it is. I haven't asked for a friend. No it is. Um, so with my friend He so whenever I what did I just get sent? What the fuck?
whatever what did you borrow 4 000 your friend for so so all those trips that like the world cup and this and you know your friend he yeah he lent me a lot of the money like when i went to europe anything back
um no i haven't you're killing me uh i know what's your relationship to this friend i mean that's so irresponsible you just blow six thousand dollars on bull in a monthly basis just this most recent month when you owe money four thousand dollars to your friend yeah that's legitimately that's actually kind of disgusting i'm disgusted in that no i i agree it is disgusting
I didn't even realize like I was spending all this money or whatever. But yeah, I mean, he's one of my good friends. He's not like some Joe Schmo. Like me and him are really close. Does he ever talk about it? No, he never talks about it. But I need to pay him and my parents back. You need to take control, buddy. Yeah. You're only... I see it now. I mean, it's coming together now. It's like...
You haven't changed. Your income has changed, so you've been able to sustain and kick things down the road a little more. But nothing has changed since you got the income, and that's clear. You didn't lifestyle inflated yourself. You were already in a position where you were just f***ing
around and this has just allowed you to do it a bit longer. Yeah. But the thing is like I'm able to go and be disciplined because prior to all this I was disciplined. Like I was like. Okay well why haven't you showed a single inkling of that? I think because for me right now I'm like I know I can make more money. So like I'm going to be. It's not about more money. It's your spending. Well it's like if I have more money then it's like I can. No because people like you they'll just increase their spending. You'll take a flight to.
The other side of Houston instead of driving across the city. No, I mean...
I think there's a middle ground, right? You'll Taylor Swift every chance you get. You'll take a private jet down to get a drink of water in the middle of the night. Yeah. No, there is a middle ground for sure. But I need to be more disciplined. But my other goal is I can make more money, which will allow me to spend more. But to your point, I need to be disciplined. That's not even the big thing because, again, we have $52,939 of federal student loans. Yeah.
why don't you owe any money so before i got this job i applied they don't know they don't know yet that'll be next texture yeah okay right well but you work for the government though yeah so um so yeah um so my agency actually has a like student repayment plan yeah i don't know if i should do it or not because it ties you in for three years but it wasn't bad yeah it's just in terms of my career trajectory right do i want to stay in government for that long
I'm actually kind of leaning towards it because before, whenever, you know, I was like grinding and jumping from company to company, I wanted to work at like a Google or Microsoft or Netflix. You're less likely to get laid off as well, especially they don't know, but I know the department you're in, you're less likely to get laid off. Yeah, exactly. So because of all the layoffs and like the instability, um,
I think government is kind of the right way to go. And like the people I work with are cool and knowledgeable. Yeah, that's really inefficient. They don't know how to like cut any kind of waste. So it's the perfect place for someone to sit down and make a ton of money. Yeah. Like they'll spend they'll spend our money. They don't care about that. Trust me. But yeah, so it's a three. It would tie me into a three year contract and it'll pay up to sixty thousand dollars and student loan debt or student loans.
Okay, that's pretty cool. Federal? I think it's just all, actually. Even private? Really? I don't know about that. Yeah, I don't want to say for sure. Okay, but while you're not making payments, I mean, that one had 7% interest. So some of these have some higher interest rates, and that is accumulating. And if you don't get them forgiven, that's going to f*** you. And then what is this? There's this...
Other loan. Yeah, it's the state of Texas. State of Texas loan. You were late there. You were late there. You were late there. You were late there. You've had late payments all throughout. Yeah. Granted, I believe that's when you're unemployed.
- Yeah, so that was probably in 2020 or 2021 before I was employed and I was a and I assumed that the whole deferment of federal loans applied to state loans. So I was like, oh, I'm good. And then, yeah, it's like, I checked my credit report and I have like all these like bad remarks and it's like late payments. I was like, oh . - What's your credit?
So I checked yesterday. It's $694 surprisingly because like my credit utilization is like 60% Yeah, because I've been paying them off and shit. Yeah, it's getting better. I think you'll actually have a good credit score once they're all down. Yeah. What's your minimum fee payment on this thing? It's like $170 or something like that. Okay. Because it's two loans. Oh, it's okay. Total it's... It's more. It's like what? $220 or something? Yeah, it's a little more.
It's about 228. And what's totally total owed on all this? I think I have no idea. It's like what 13,000 or something like that. Great. So that's the thing. It's like I need a budget because I can pay a lot of this off. I just don't know what how much I'm blowing money. And then is this separate? Yeah. So that's my private loans. Oh, no. Yeah. That's insane. You've gone. How much school did you do?
Yeah. This is so much student loan debt. This is insane. Yeah. So I mentioned earlier that I got a degree, a bachelor's degree in biochemical and biophysical sciences. Um, and I was a bad student, so I was lost. I know what the I wanted to do. Um, so I ended up staying in school for like six years. Um, you know, accumulated all these student loans. I had to get private loans because I was like on academic probation. Um,
And then the, I guess the f***ed up or funny thing, however you want to look at it, you know, consequence of all that is like I ended up not even pursuing that. I was interning at some labs in the Texas Medical Center and I just did not like the lifestyle and the job of being a biomedical researcher. Okay. I didn't have the grades to get into a PhD, so I'd have to take more classes to boost my GPA. So I was just like f*** this. Okay. Yeah. $376 a month.
Here's your minimum. You're at $31,146. What's the interest on this? Let me take a look at my docs. I don't see that on here. So the interest... You have had fees before through a potential... Yes. So the interest for the private ones is 5.54%. Okay. Originally, they were Sally Mae. Oh, yeah. And I was getting fucked over. Oh, Sally's a...
Yeah. Old Sally is a... Yeah, I was getting charged like 10 to 15% interest and I was like, that. So I was able to refinance with these people, which greatly reduced it. Any other debt? No, I'm pretty good. There's nothing else except I'm about to have an operation that will cost $10,400. Okay. What's wrong with you?
That's a good question. So I guess it's subjective. I'm loaded with good questions today, I guess. It's subjective because I think there's something wrong with me, but like there's no like medical. So this isn't like a medical necessity, right? It's not like, you know, I have like a kidney stone or some shit like that. It's like a cosmetic thing. Yeah. For like, because what is it? Yeah. What? What?
10,000? Yeah. Okay, that's why the f***ing bill. Because it's cosmetic, so your insurance isn't covering anything? Yeah, exactly. What are you getting? So, I was hesitant to say, but f*** I'll say. So, I'm getting a hair transplant.
I don't see anything wrong. So to the untrained eye, I'm good. But to people that know I'm losing hair and I am losing hair. Losing? Yes. Shouldn't you wait until it's fully gone before you get a transplant? No. So that's a misconception because once it's fully gone, you have less grafts to work with. What about finasteride? Yeah, I've been taking finasteride for... Has it worked for you?
I mean, I don't know. Generally, like after a year, you're supposed to see if it works on that. But I've been taking it. Were you taking that when you're already losing? Yes. I think finasteride is more of a preventative. Yeah. I think it holds you, right? Yeah. Well, that's the thing. I don't know if it's maintaining what I currently have because I still, you know, when I take a shower, there's like a bunch of hairs, right? Well, there's a bunch of hairs with most people's showers. I don't know.
I mean, I think the amount of hairs that I have are probably more. More, okay. Yeah, and that's indicative of hairs that will not grow back. As someone who's been terrified of balding my entire life, I kind of get it. Yeah. That's why I do finasteride as a preventative. Preventative. And have you done the beep, beep, the drops of serum stuff? Minoxidil, yeah. I did it once, but I just was like,
It doesn't really... It's like some weird mechanism that scientists and doctors don't really understand how it works, right? It's like increases blood flow, but like what is the pathways? So like finasteride treats the actual cause. Minoxidil does help and it does work. People have had good results. Yeah, for sure. But I was like, I'd rather just take finasteride, which... No, you'd rather spend $10,000. Well, there's that, yeah. That doesn't make any sense though. But a reminder. I mean, what are we at, dude? One second. Like...
These student loans are f***ing insane. And sure, maybe some of them will get forgiven through your job if you stay for three years. And I think that actually might be a play. Because in general, it's actually a good job regardless of the forgiveness. But just your... Oh, f***. No, gotta add the Bank of America too. What are your debts? $130,000.
We're going to add to, how are you paying for this? So I just got approved for an American express card. You see, you've, you've lost it. You've lost it.
That doesn't make sense. You're going to put a hair transplant on a debt. I'm I listen. I support the cosmetic. Do whatever you want to do. I do support that. But you're putting that on a debt where you're unable to pay off your other debts fully because you're spending all your money on bulls. That doesn't make sense. This is not good for your future. This is not good for you. Can you put your head down? Can I see the tippity tippity?
Okay, but you look fine. And I know you see something that we don't. You probably have some dysmorphia about it. And then you probably see some fear in the shower and stuff. You may see some receding as well. But...
the breakup really got to you didn't it yeah did a number on me but um i mean i've been wanting this thing for four years and what yeah i've been in that position yeah and i was just like at the time i couldn't no this is what bald looks like i mean i'm there getting there point you're not it's just there's a lot of smoke and mirrors and you know how like what are you coming over
Like girls, they do like the filters on the dating apps or whatever with their photos. I'm seeing you in real life though.
In any case. Again, I'm not against cosmetic at all. Do it. People should feel confident. Do it. But cosmetic is a cosmetic if you can afford it. It's not a life or death thing. Take a Sharpie. You're $130,000 in debt. This is an additional $10,000 in debt. It's just increasing your minimum monthly payments, even if you're 0% for a year or two years, whatever. It's increasing your minimum monthly payments. You're not paying down your debts.
I think it's a big mistake. I think it's a stupid thing to do. I think it's ridiculous.
ridiculous especially especially when you owe your parents money and your friend they should be paid back before you ever take out something for just a want because that is a want let's be clear again i'm not against it i'm against it in your situation potentially so that doesn't make sense yeah i agree it doesn't make sense um but i'm gonna do it anyways and to your point well there's nothing i can do that that isn't yeah what's the point yeah so what's the point of being here
I mean... No, what's the point of being here? Yeah. I mean, I still have to do it. And that has... What? Have to? I don't think you know what the word have to is. You don't know what the word have means.
It's just I have things in the pipeline that will allow me to do. What pipeline? What? Okay. So from July, all of July, I got a teaching job at a top 10 university here in the United States. Okay. Don't want to disclose what it is. It's a computer science thing. Cool. So the government job granted me permission to do it. And then I'll work some hours a week with the government job, right? But this is a full-time job for six weeks. What are you going to make?
I'll be getting paid $110 an hour. See what you're doing. And I love that. What you're doing again, this is what you did last time. And it's why you're still in debt. You're like, I'm going to make more money so I can go get in this debt now. And it's not debt that it's adding any return on investment. It's not real estate that you can sell. It's not even a car that you can sell, but you keep going into these debts because you're like, I'm going to be making more money. That's different. Buddy, work that job for a bit, save up the cash and
And do it. You keep getting into this situation where you're preemptively getting debts based on this income. We're hopefully getting you are in this situation. But what it leads to is you get in that situation, you up your lifestyle, you up your spending, you spend $8,000 a month, you spend 80% of your income. And then boom, these debts still exist because you're only putting your minimums to them. So it doesn't, you haven't even paid a cent back to your mom, dad, friend.
Your best friend hasn't had a cent paid back to him, and you're going to get cosmetic surgery. Yeah. That's a joke. No, you're right. It is a joke. Yeah, so stop being a joke. You're 31. Be a f***ing
man yeah y'all gotta use my favorite high yield savings account where you can get up to 4.6 on your money plus fdic insurance up to two million dollars you can also get up to three hundred dollars for signing up today it's the personal high yield savings account that i use for my money so don't let your money be losing money while it's just sitting there click in the link in the description below and get those bonuses
Is that a joke? No, I agree. I think if I'm able to cut... That's stupid. If I'm able to cut back on the food spending... Yeah, if you haven't, demonstrate to yourself that you can for a couple months. But if you cut back on your food spending for literally a month and a half, you can afford it in cash. Yeah.
A month and a half? Can you wait a month and a half? Your hairline can. It's not that bad. Yeah, no. I gotta do it now. Okay, then I'm f***ing done. Then I'm f***ing done. I'm f***ing done then. Because it's stupid. $3,000 in your checking account. Zelling, moving some things back and forth. Making some payments. Okay. I don't even want to like take a look at those things. Because if you're f***ing... That's so stupid. You have nothing to retirement. You have nothing to retirement. Well, you... Yeah.
It's stupid. It's stupid. It's selfish. It's immature. It's stupid. It's stupid. I agree. So change it. What do you mean? If I cut back on the spending and I do my other things, what's the cosmetic surgery? It's next week. Oh, me. This is the, why'd you even come on this show? Why did you, I was on your side and tell this, this is the dumbest thing I've ever heard in my life. This is the, this is a stupid cancel it. Be a big boy.
This is stupid. What's it even going to look like? What's going to be different? That's a good question. It'll look a lot different, I think. What do you think you'll look like? It'll fill in the areas where I've receded. It'll add more density. I mean, we can get into the technicalities of all that, but it will look different in the long term for sure. I don't know. It's so stupid. It is stupid.
I don't even want to make you a budget because it's, again, you're willing to go blow $10,000 on something like that. It's like it doesn't really make sense. Like why make you a budget at that point? You're not f***ing doing anything. Housing's $600. Yeah. Your proportions are weird. Do you have a car payment? No. But that car, like you're not even, buddy, you're in a position where you won't drive that car because it's going to break down, yet you're willing to spend $8,000 a month on f***ing bullsh**.
You're willing to earn $6,000 a month on bull. You're willing to spend $10,000 into debt on a, on a hair transplant. And then if you, if your car breaks down, you have no choice but to borrow money for a down payment. Then just borrow everything on the car. Like you've just, it's a, it's a joke.
Going to the grocery store, $1,738. What a joke. Going out to eat, $1,904. What a joke. Miscellaneous bulls**t, $667. Other large purchases, $2,675.
You have the potential to have the life that everyone out there who's watching this wishes they could have. The life we all wish we could have. And you're literally throwing it away. And it's so f***ing stupid. Cooking classes, FedEx, ATM withdrawal $1,400. That's what we thought this sh** was. Cash app out $10, Zalian out $1,178, and Venmo went out $10.
Where's all that money going? Yeah. So the $10 transaction. Those are fine. I don't give a shit about that. $1,700 from the ATM and then or $1,700 from Zelle and $1,400 from the ATM. What the fuck are we doing? That I actually don't even know. I think the ATM withdrawal is from the whole shit club thing. Yeah, that was last month. So I don't actually, I don't know. I have to look into that. So yeah.
I'm going to end it because normally I make a budget, but I think it's a waste of my time and everyone's time.
Do a budget for you? I mean, you're going to blow the money no matter what, which makes me question. Why did you come on? I want a budget because I know. No, I'm not going to give you a budget if you're not willing to change anything. You're not even willing to cancel something that is so substantially large. And so it's dumb. It makes no sense. People get a budget when they're willing to change, when they have the ability to make sacrifices. But you're not willing to literally not do a f***.
hair transplant. So the hair transplant, no, like I got to do it. Yeah, then I'm done. Then I'm done. I'm done. We'll talk more about that fun story in the post show and we'll make fun of how the producer's actually bald and you're not and we'll
We'll do things that it'll be silly, silly hee-haw times, but I'm with this finance. No, no, this is stupid. He's like, look, the spending on the food, I'm willing to reduce that to rice and beans and chicken. And we're financial score. This is the, we're going to go to the post show. Stick around for that.
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We'll go to the post show. Today on the Financial Audit Post Show. You know, she was like, let's go. Let's do it. Manager walked in halfway through. I was like, what the? Yeah. I don't know if she does that normally with other clients. We said no to find out. No, thank you. So yeah. To watch the Financial Audit Post Show, click the join button below.
