This One Will Make You Outraged | Financial Audit
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To watch episodes of Financial Audit a week earlier, check us out on YouTube. This weird mixing business and family. I do set boundaries. No. Families are... Family gets emotional. Part of the reason they moved out is because they were getting in fights about who's working more, how many hours they're getting, blah, blah, blah. Great. No, I blame my sister personally. What? Those are two completely different things. I...

Hi, my name is Amelia. I'm 26. Hi, I'm Spencer. I'm 27. We are from Brainerd, Minnesota. And this is Financial Audit. Oh, Minnesota. Yes. I love it. Fellow Midwesterners, thanks for coming down. What do we do for a living up there? Let's start with you, Amelia. I am a stay-at-home mom. Oh, yeah. Okay. Not a lot of income comes in from that, but there are definitely important duties. So, okay. I'm assuming then we're married. Yes. We have...

one kid age uh she's about to be six okay very cool so six year old so she's in elementary school i homeschool her actually oh okay so how much are you bringing in breadwinner it depends on how many days i work a week between eight to a thousand a week 800 to a thousand a week okay what what

What's the job? I own a business. I do third-party delivery.

Okay, like Amazon third party, like last mile stuff? No, appliance delivery. I was doing some Amazon delivery for a while. And you own the business, so you can't contract out to the companies? Yeah, I can. Oh, wonderful. Okay, and are these pretty consistent clients? So the third party company I third party through, they give me everything every day. And then they set up my routes, everything else like that. I have my guys work out, and then we go from there. You have guys? Yeah. How many employees do you have?

Five including me? Six including me. There's an extra guy. But Max, Max, Max, Max, you make $52,000 a year? That's without the business aspect of it, yes. That's what he pays himself? Yes. What's without the business? Well, yes, afterwards. Yeah. So...

Are there too many miles for you to run? Like, why do we have these? If you're only bringing in 52, which there's nothing wrong with 52, but if 52 is what you're walking away with, are you working as hard as you can before I'm getting vibes of no over here?

He has not been working very many days lately. Why? So this is the slowdown month and then we just started picking back up again. So my main option is giving my guys about the same amount of days as I'm working too so they don't quit. I think he's the boss. He should work the most amount of days. It's his company. No.

If he needs the money. Well, okay. I mean, I get it to a certain extent. If this, you know, business started going downhill, like everyone would get paid before me in the end. When times are good, you give more. When times are bad, they get less. But I think that he should work the days that he needs. Which means they would be getting nothing, though. So I do kind of get it to a certain extent, but also at the same time,

How frequent is this? Because do we need this many people? So I have two trucks, two guys, a truck. Do you own the trucks? No, I'm renting them. I plan on owning my own so then we can actually make more money through it. You're blushing. Yeah, this is just my natural red sheets. Oh, okay. He's always red. Yeah. Oh, okay. Okay.

Okay. I thought you were nervous and you were going to flirt with me or something. It depends. Okay. So, sorry, go on. So, some people only want to work four days a week. Some people want to work the six days a week. So, it's just for me to alter. Do you need them all? Kind of. Well, if somebody needs a day off, then he's going to be the person. But then you can work. Five, including me. So, he has one extra guy. Yeah, I have one extra guy. So, that's if the other...

People need days off. I have a cover. So then my trucks can still. And what are you doing? I'm working every day. What's your work? I do the same thing they do. I'm out there doing the same work. Okay. How much are you paying them? Same amount I get paid. Does that make sense? Well, he's doing the same work.

So I, but you started the business at the same time. Well, he, I mean, it's okay if you do. I'm just trying to figure out. He does use money out of the company. Um, if we like need groceries or something, he'll pull it out of the company. Well, that's the thing is you guys have debt to pay. So I'm just trying to prioritize. So I,

I was doing this a little bit before I started doing my own business type thing. Before that, I was getting way less days, wasn't making any money. So then I started the business aspect of it. So our work is basically what to set pay amount I give them. And I feel like it's unfair if I pay myself more.

Unfair? I mean, that's an interesting question. You did start the business. You took on risk by getting the vehicle. So, I mean, there are different aspects of it. But I'm not against equal either. I mean, you do whatever you want. It's your business. Literally, it's up to you and the market will decide whether or not they stay or leave. Him using any extra money if we need it, he pulls it out of his business account. I do. I don't like to because I like to have it separately from what we...

I'm just concerned about the debt. Okay, so where are we today? What is going on here? Because we do have debt. Sounds like a consistently inconsistent income.

Because it was $800 to $1,000 a week. Yeah, it can fluctuate pretty far. Well, pretty far. That's only $200. Am I getting the full picture then? Well, he can go anywhere. Like this week, he worked three days, which is $600. But then he can work other weeks where it's six days, and that's $1,200. And so it's hard to put an average on a number like that. How much did you make last year? With the business part, $60. And that was just six months.

Okay. So that's more. Without the business part of the income added in, me, myself, I only make about around the 52. But with the business, it's around 120. Oh, I see. So after all expenses? After all expenses. Without any expenses, it's around half a million. But with all the expenses of anything. So how much is hitting your account on a monthly basis on average? Hitting your checking account, pulled from the business distributions and pay.

On average? What is your business set up? Is this S-Corped? I'm 1099'd and then my employees... Through your business? Yeah, but what's your business set up as? LLC. And you contract yourself? So I'm contracted through the company I work for and then my guys that work for me are also 1099'd. That means everything you're taking from your company though. If you're distributing it are probably distributions and not...

Is it going to? We'll figure it out. We'll figure it out. I have an accountant and they help me figure everything out. So I pay the trucks, the fuel. I would say on average, most weeks he brings home $1,000. Yeah. Out of his paycheck. Just paycheck. Just paycheck. $1,000 paycheck. What I pay myself. I don't.

Yeah, which is probably just distributions in the company, but you're also $10.99 from the other companies. So during tax season, that would be like his paycheck is $1,000 a week on average. No, I understand that. I understand that. I file my taxes with the business. How much came in last month, huh? Indoor checking? Indoor checking.

Which one? Yes, including transfers from the business, checking into personal. So this all goes into personal. Maybe like four or five. So you're double her. Why? Why are we not together in any way whatsoever? Do we budget together? Are you informed of your finances in any way? You didn't work that much last month. Are you guys together in the finances? Do we know the finances? Do we discuss finances? Are we a partnership in the finances? We are a partnership in the finances, but some of it is...

I am a person that is, if I don't know what our finances are, I'm not stressed about it. And so he runs the finances and tells me what I can and can't buy, um,

If I want to go get something, I can ask him, hey, can I go buy this? And he'll say, I don't have the money for that, or I do. I let her know, like, we can't afford that. We can't afford that. What do you define as afford? Do you guys have debt? We do have debt. Yeah. Do you guys know how much that you have? Yes. Both of you together? Yes. Both of us together, I would assume that with the cars, it would be like... Yeah, what's your total debt? What's your total debt? Give it to me. It would be like $55,000 with the cars. Yeah, around there with the cars. Okay, $61,000.

So we don't know our total debt. Yeah. Wonderful. Okay. And what came in? $2,500. We had transferred from business checking $3,664. Okay. We're setting money aside for taxes properly. No, because we have a previous year tax bill of $8,000 that we haven't touched.

Yes. So the beginning of this year, really slow down. So everything I did have saved up for it kind of went back into the business aspect. I know we can't hear. Man, I would love to just follow your business for a couple weeks. I just really wonder if we're using everyone effectively. Because when we have these slowdown periods, it's boning you. Well, it's very hard when you have a truck off.

And so he because he rents his trucks. What is that like 3000 a week? 860 a week per truck. So around 1700 a week. So if one truck doesn't go out, he's still paying on it.

Yeah, it's a set. Why haven't we invested into purchasing or getting a loan on a truck? I need... Apparently, I need 20% down for a commercial vehicle. Okay. Why haven't... You don't not make money. I know. Right. Why haven't we? We... That wasn't an answer. I'm going to... Hi. Sorry.

We'll be right back.

Experience amazing at your Lexus dealer. To be really honest, when we have a lump sum of money, it doesn't last long. Why? A lot of it's me. I'll be honest. Why? I'm a spender. I thought you said you only spend what he says you're allowed to spend. And he says I'm allowed to spend. Why are you saying she's allowed to spend it if she's not allowed to spend it because we don't have any money to spend? I feel bad most of the time because she's at home constantly. Don't be. She doesn't have to be.

Send the little to school. I mean, well, OK, so then and then leave the house and roll around in the snow. I cannot send her to school. Go on. I have something it's called a metaphobia and I have OCD from that. So I'm going to need a little explanation on something I've never heard of a metaphobia. I'm my number one fear ever is puke.

I can't do anything. And so good. So if she's not there, you won't see her puke. But if I send her to school, she's going to get sick. And that's like I have. OK, so I have OCD. And so, like, even if it doesn't happen, wait, my brain says it's going to. OK, I understand. Oh, hold on. Hold on. OK, sorry. I vaccine parenting. I'm sure it's obnoxious. Well, at least let me say this.

You can, I understand homeschooling for whatever reasons in terms of this is what you want them to learn and focus on, believe all that stuff, you know, whatever. Okay. That's, that's how our culture works. But to take them away from social interactions in general under the fear that they might get sick. Does that seem fair? Because she's not going to school, but she's still getting social interactions. Yes. Okay. Then she can go to school then. Cause it's going to be the same thing.

I don't want her to show up to college and never met a human. I want to share a message from today's sponsor, Melio. If you're a business owner like myself or the guest on today's episode, then you've probably worked with vendors who don't accept credit cards as payment. And yeah, that can be a major headache.

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But, you know, just to give them a little more. Yeah. What if they get sick? Just go to a hotel for a weekend and dad will be sick. He can't.

He can't take work off. That's part of the problem. Kind of. I mean, you have so many people. He cannot. If his route gets dropped, it's like an $800 fee. But other people can cover that route, yeah? I don't like not having to work unless I absolutely have to. Listen, I'm just trying to find a solution. Everything's a no, no, no. I've talked to him about it before because I...

I have very bad panic attacks. I mean, I do too. I get it. My mom has offered like if she were to get sick, like she'll go pick her up. So go do that. But I'm afraid that she's not going to be available. And then she's gonna be like, well, you're gonna have to go get her. Be a mom. I mean, no offense. I mean, I'm just gonna say this. My panic disorder holds me back. That sucks for me.

But if my panic disorder held back a loved one and living their life, that's not acceptable. I don't get that choice and control. I don't think you should either. No, I, yeah, I've thought about this a lot. I don't think it's time for any more thinking. I think it's time to bye bye kid. Go leave the house.

This is kind of just something that needs to be taken. And also, the longer you put this off, the same with me getting on a plane, the longer you put it off, the harder it's going to be. You're never even going to allow them to leave the house in middle school if we're continuing, if we're this far, dug deep at six. Right now, I don't leave the house in the winter. I try not to. At any point, if I need to leave the house, it's going to be a panic attack. And the kid...

She has shown symptoms of being afraid of germs. Probably because of you. Yeah, it does break my heart. I don't think we can allow this. What do you think about this? I'm sorry that we haven't gotten into finances, but this is... My mom thinks it's ridiculous. She's not mean about it, but it is. I understand the panic disorder, and I understand your things that you have to work on. And I do feel like I'm holding her back. You are holding her back.

It's not a feel. Right. You're already getting her into a phobia. That's what I'm afraid of. At six. Yes. I'm afraid that she's going to have my phobia. And it's so hard to live with. Like, I do not want her to have that. You're saying that, but you are causing it. So just stop. When you get home, I'm sorry. I know. I know. I know. And I've heard it before and it sucks. But yeah. What do you think about this, dude? I try to help her not.

be that much panicky what i i well that's not gonna happen it's really not i know it's more she needs to work on coping mechanisms and go through therapy aggressively essentially but even still regardless of your feelings you can't just hold someone back that's what i want your opinion on your kid's not leaving the house and they're developing a phobia at six because of this what do you think dude well it's smart for her to wash her hands and stuff after going to the bathroom and

Who the f*** said it wasn't? What are you talking about? I think there's a difference between leaving the house and washing hands. Well, we do leave the house. I leave the house doesn't mean I f***ing wipe my ass with my hands and rub it places. Right. No, the things that I'm seeing are like she has to wash her hands. She has to do this, which isn't bad at the moment. But in a six-year-old, it can become compulsive. Right.

And that's what I've heard also. Yes. And so like I have talked to him about it. What's the solution? What the fuck are we doing, guys? This is insane. Right. I would. I have always wanted him. Were we even going to talk about this? This isn't even on the list, is it? No, probably not.

We were. Well, I knew that it was probably going to come up once it was Senator. I knew somebody was going to say send her to school. You know what I mean? Like, yeah, because my mom says I'm OK with homeschooling. It's not necessarily. Yeah, she is. She is pretty far ahead. But I'm worried about doing social ability. Yes. OK, you said she goes out and does stuff. What is that? She has gymnastics. We have. She's going to get sick during that as well. She wears a mask. You make her. I make her wear a mask. Yes.

Oh, please, please, please, please. We wear a mask if we're like in the cities. In the cities? Yeah. Like no matter what time of the year it is. Like she's wearing a mask if we're in a large crowd of people. If she was immune compromised, I would understand. If it was a middle of a pandemic, I would understand. Right. But it's not anymore. You're just like, I don't want to see her throw up. Yeah. I'm going to force her to hold on. This isn't.

No, she will literally start to be like judged by other people and isolated. Well, I feel so bad. She's not here. Is she? No, I feel so bad for her. Wait, how'd you get here on a plane? Was this a big step for you? Yeah. Yeah. We wore masks. It's not winter. It sounds crazy. We wore masks and I wiped down our plane seats. But what about this? Um,

I'm fine like this, but it's like the large groups of people that I'm afraid of. Like planes are really scared. Like I get really scared on planes, especially because of the feeling people throw up. I had headphones in. If I don't hear it, it's not happening. I'm just trying to figure out what the fuck. This is not fair to her. You can't do this. You cannot push your issues onto her. No, and like I don't think there's anything wrong with like.

being cautious of, you know, like touching your mouth and face in public and stuff. But I know that I take it a step further. A step. During COVID, it was a lot worse. Did that heighten? Oh, I... So she was actually in daycare. I was working. I was a single mom. Oh. And she... Was it not biologically yours? I adopted our daughter once we got married. Yeah, she adopted. He adopted our daughter. That's wonderful. That's beautiful. Okay. So, I mean, I had the fear then, but...

I didn't think about it all the time until it happened while she was in daycare. Like she got sick while she was in daycare. And then I was fine after that.

But then COVID hit and I had to stop working because daycare wasn't open. And I never went back because we met, we got married and now I'm a stay-at-home mom. And so I know that I'm digging a hole deeper in my OCD by... You're making it worse because you're just not confronted in any way. Right. And I've done the same for mine. But again, I'm not forcing anyone else to do anything because of it. Right. You can't do this. You can't do this.

I don't know. What's the solution, guys? Because we need to move on from this and go to the finances. But what is the solution? Because I feel so bad for her. And this is not okay. It would either be able to have him on call to leave work. Or I would be able to...

ask my mom to like if she ever does get sick to come get her to pick her up from school. If you don't allow your kid to go outside without being completely separated by everyone with a... Again, if something's like raging across the world I get, you know, that's not...

bad it's just that you're separating her from everyone essentially right you're making it hard for them to read her face and just have those human interactions right and you're not allowing her to go to school again if there was a different reason okay but like i will personally come up there and vomit on your face if you do not like allow her to just leave the house we do okay okay there is one more thing that i want to bring up

Part of the reason she is homeschooled, and it is not the only reason, is my OCD. She's online homeschooled.

She's online homeschooled. I'm just talking social interactions. Yes, but she is very far ahead. She can read books. Yeah, maybe she'll skip a grade. Like, that's great. Right. She cannot enter the workforce. She cannot enter college. I don't want her to end up like me. She goes outside and it's 25 and we've cured every illness in the world or something. But yet she is just like...

Like wearing a hazmat suit everywhere. We go to the grocery store or we bring her to the movies or bowling. We don't put the mask on. And why gymnastics? Because it's full of kids. You should see the kids that we see. No, they're disgusting. Kids are gross. Kids are gross in general. Right.

Now, legitimately, guys, I believe that you, everyone in your life, everyone around us can actually take control of their financial future and make their lives better. And we've spent over a year here creating tools to help make those goals a reality. Right now, our budgeting program and investing program are bundled together at a 15% discount and you get $100 in cash gifted to you right into your Moomoo account.

There's honestly no time like the present to actually take control of your future. Don't wait, don't let this opportunity pass you. But also, let them have an immune system at the same time. - Right.

No, I know. Okay, I'm going to move on, but you need to work on that, please, ASAP, because that is unfair to her and her development. We've talked about doing the therapy-wise, but with insurance. You haven't done therapy? I don't have insurance. That's what I was about to ask you. Why don't you have insurance? We make too much to get help, and we don't make enough to pay for it every month. Yes, you probably do. How much do you think you spent? A lot. Uh-oh. Last month, probably $4,000 at least.

Yeah, somewhere around there probably. $6,462. Is that with? No, it's not. Nope. We didn't calculate business expenses into here. Does that calculate the credit cards?

Yeah, it's spending. Is it not spending? Okay, so the one card, that one is, I use it for business only. It wasn't that, right, Jake? It wasn't Costco card, right? This isn't. Nope, Costco card wasn't included. Your bad card, your little bad card wasn't included. We did not include that. No, I'm going to call you out on this. Because that's business. On this Costco, you don't only use it for work. There's occasions that we use it. We separated work, dude. This is literally personal spending with $6,462. I don't know what. Well, I can tell you what to do.

First of all, don't have any money left over. We could at least get a low-cost basic health insurance for how much you go out to eat. We didn't go out that often last month. It adds up. Well, you basically spent $250. Could have been worse. Could have been worse. Doesn't matter. You don't have health insurance, so I don't want to f***ing hear that. Right. And you have a kid. I don't want you to f***ing, like, not be able to go through. You can't get therapy in your bitch. She has health insurance. Don't worry. No, you don't. Okay. And you aren't the f***ing parent. Right. This lady's b***h.

Could be video games, could be whatever. It's just stuff that doesn't matter. 320. This episode is brought to you by Maersk. The supply chain is the backbone of any business. But with the growing complexity of logistics, it's getting harder to stay on top of everything that's happening. That's why Maersk created Logistics Insights, a hub full of articles, videos, and e-books to help you keep your business running smoothly. And there's even a podcast called Beyond the Box. Head to Logistics Insights to discover all the free resources and listen to Beyond the Box.

Get it all at maersk.com slash insights. $24. Add that together and we could have got another low-cost plane. Okie dokes. So, I don't know what the f*** you guys are talking about. Your phone bill, that definitely does not need to be the price it is. The price that it is. So, I have my family. They both jumped out of their seat for this one. Okay, how much do they pay? Okay, they pay...

My dad pays $100. My brother pays $100. My mom pays for her iPad. Your dad pays for a line? Yeah. We pay about $200 a month. I'm going to say 3, 2, 1, and then on go. 3, 2, 1, go. I want you guys to both at the same time give me your household financial score. 0 being the worst possible, 10 being the best possible. 3, 2, 1. 5. 2.

Okay, so we're separate by a lot. Why do you think it's middle of the road solid? Because we pay our bills. You don't have health insurance. Our bills are paid that need to be paid. I know that we don't have... You spent $2,000 more than you brought in.

Before setting aside money for taxes. Most of that is the extra money from my family members that have stuff with me. What? Some of it. Some of it that you see coming in. Not all that. Some of it that you see coming in, yeah, were like people paying us to pay their bills. And you still spent $2,000 more than came in. I'm confused. Yeah. Okay. Yeah.

Why are you guys so disconnected? Why do you think she thinks it's middle of the road and you think it's so bad? Well, I know. I do agree with her on that. Our bills are paid, but the extra money we do always get, we just spend. Well, also, I don't know our full financial situation. Why? Ignorance is bliss. Why don't you tell her? I do. I know on occasion I do write up all of our debt and bills that we have, and then I add it up so then we get... We did have a budget before.

Did stick to it for a little while and it kind of went downhill. Yeah, we've done a $0 budget. But now that his company is so switchy, it's hard to do a $0 budget because we might have an extra $200 here or $200 less here. I need you guys to go through our budgeting process.

Educational plan together. Go through it. Take the quizzes. Do everything. Do the investing one as well. Eventually, you guys will be ready for that and it'll be helpful. I tried to do that. Can't figure that out. The class? The investing just in general. Oh, we'll go through the investing class. Plus, you guys get $100 anyway for free because of it. So do people who get signed up, by the way. So link in the description below. And if you want your Hammer Financial score, it's there. Link in the description below. And you can come on the show at calebhammer.com slash apply. Come visit us in Austin, Texas. Let's jump into these finances.

It's been a lot of talk, but it's time to get real. Target. Yeah, I blame my sister portionally for that one. Sister, your credit card? Your sister? What the fuck are you talking about? She brought me to Target over and over again. It's my own doing. Yeah. Huh? It's my own doing. What does this mean? What do you mean she brought you to Target over and over again? She kept asking me to go to Target, and I had a Target credit card, and I didn't have any...

And I just bought what I saw. So what, you're just walking through the aisles at Target? Yes. We haven't used it since that debacle happened. The debacle? Wait, what's the debacle? I racked that up in a month. Yeah. I applied for the credit card. Did you go all the way to the limit? $2,000, yeah. When? A year and a half ago. Why is this taking so long? Guys, what are we doing? What are we doing?

It's going to take seven more years to pay off. I keep forgetting that card exists half the time. Well, I don't think we're allowed to forget that the card exists half the time. Not anymore. Not ever. I don't know. What do you mean? You have a kid. Probably want to send him to college. Okay. I think part of that issue is that it's always due on the second and we have rent. Put it on auto pay. I don't give a shit. Yeah, we always forget about it. $10.85 of interest is accruing.

That explains why it's not really getting paid off. No, yeah, we've been paying it off for like a year and a half. Yeah, that's why it takes seven more years to pay off. Do you want to...

Are you going to get a job again? Are you able to? Like, if we get them to school, are you able to go and interact with people? Yeah, for the most part. It's definitely like a learning curve. I did get a job. It's only a 10% interest rate on this card. For a credit card, that's still horrible. But for a credit card, it's surprisingly low. I have had a job, and then I ended in a panic attack when they had me clean the bathrooms, and I quit. So, okay, so that was like a retail type job. Yeah, it was a gas station. Okay.

But bathroom because there might be vom? Just germs in general. So like my OCD stemmed from emetophobia, but it's really contamination OCD. I hope you didn't touch Clara. She's infected with cooties. But before that, she did have a job for a few months. Yeah, I did. I worked at Costco one time. You guys love Costco. We'll go there. Okay. Okay.

It's not perfect, but maybe we could help. Okay. Maybe there's like a work-from-home call center type job. Yeah. Customer service. I think Course Careers has a certification in customer service.

I think you go through their quiz that helps you find the right certification for you. Go through that. Pick one and we can gift it to you for free. I can boost your resume. Maybe you can work from home once your kid's gone. But I also don't want to fully enable you not leaving the house. No, like I am fine with leaving the house myself. I don't touch my face. What if you got to take a massive shit in the middle of public? I do it.

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The bathroom's like, as long as I wash my hands, I'm okay. Like, I'm definitely better than I was a couple years ago. No. Even though you wash your hands? Well, I feel like it's like on me, on my arms and on my shirt. Okay. But you're okay wiping. It's my own. Ah, clean poop. Menards. I miss the Menards. We don't got them down here. We have a Menards Capital One card.

I've never seen a Menards card, but I guess it makes sense. Every store has a card. So what are we doing? What are we building? Are we building like sheds? Like why do we have a huge Menards card? Beginning of this year when I was doing Amazon, I needed a pallet jack. Kind of put it on that one, which is half that. Kind of put it on that one? I did put it on that one, which was about half what that balance is. Okay. And the other half? Probably random stuff. Fun fact, takes another seven years to pay off.

$39 minimum payment. $18.04 of interest accruing on a monthly basis. Before this, I did have my own capital one, just a normal capital one. We paid that one off. We were doing the rainfall three months ago. The rainfall. Whatever. The snowball. Yes, thank you. No, I like the rainfall. Okay. So... Yep, that's when we were going to start putting it towards those cards. But when? When did you pay that? Three months ago. Then what happened? Why haven't we started to accelerate?

That was when I started working one day less. And then that's... We stopped the budgeting. We had a budget and we just, we moved and then it never went back up. No, it was. So my brother lives with us currently. Before that... Brother? That one? Yes. Before that, I had my brother-in-law and sister living with us and they moved out. So for that two months, we were paying everything on our own. So that's kind of what happened with that.

Everything just went downhill. Yeah, we didn't make enough to pay our bills when we lived alone. Extra amount of our bills. We paid the bills. So your brother's your roommate then? Yes. Okay. How much of the bills does he help pay? He pays $600 for rent, and that's what the utilities he pays. He's buying the car from me soon.

He pays for the car itself and the insurance itself on it. Okay. We can unmute his mic for a second. What do you do for a living? I work for my brother as well. Are you guys just like twins? What is happening? You guys are just like on each other. My brother-in-law that was living with us at the time too also works for me. What? Yes. Why? It's weird mixing business and...

I also have one of my friends work for me too, but they all know. Friends is a little better if you separate boundaries, but family gets... I do set boundaries. Yeah, but family is hard. Family gets emotional.

It can. You haven't had something like that happen yet. I haven't had it yet. What has happened? Part of the reason they moved out is because they were spending too much time together, him and his brother-in-law. They were spending way too much time together getting in fights about who's working more, how many hours they're getting, blah, blah, blah. Great. No, it was mostly our kid running upstairs all the time.

What? Those are two completely different things. I think that was an excuse for them. They were talking about how loud it was upstairs all the time. But I think it was because right after that, he quit. And you hired him back. He didn't quit. He was looking for a better job, apparently. But then he redacted his two weeks that he gave me. And you said this is brother-in-law, so it's your brother. No, his sister's fiance. Yes. Okay. Okay.

This family is intertwined. It's weird. It's complicated. Very. Okay. And this interest rate's at 30%. The last one was a 10. This one's at 30. A lot of them are right. I didn't know that. I'm going to be honest. I didn't know that. And how loud was the house, Mr. Ryan? I'm sorry, what? Did you live there too? He does live there now. Oh, yeah. How loud is it? I don't really notice it that much, to be honest.

It's every now and then it gets loud. I mean, kids are loud. They're stinky. They're nasty. But I get it. I kind of just like ignore it. Yeah. Well, I think because he quit, like literally he was put in his two week notice like a week after he moved out. No, it was like a couple months after. I think he was afraid to live there and quit. No. So, okay. I'm going to, I can't explain it on. Yeah. The real reasoning behind everything. Guys!

Guys, you have deferred interest of a promotional balance that expires in...

Three weeks! What is that? Wait, what is that? You had a 0% interest thing that you took off a purchase of $500. It's probably your little tool. And guess what? The deferred interest, $61, is about to hit. It's about to slam this card. It's about to go up. $61 of built-up interest that you wouldn't have to pay if you paid it off in time. If you paid it off in three weeks, you would not have to pay that extra. But because you're not, the deferred interest plus one is going to accrue over the next three weeks. That is going to hit. Okay.

We're probably going to have to work on that one right away. I didn't know that was a thing either. Guys. What do we got? Those are the cars. Oh, those are the cars. Yes. I spoke in your tongue. Your native Minnesota tongue. It's the accent. Okay. What am I reading? Oh.

17,000 vehicle, 22,000 vehicle? These are not the rentals. These are the ones you own. These are our cars. So you have two cars and then you rent two trucks? We have three cars. His is completely paid off. I bought it. What is it? How much is it worth? It's a 2002 Pontiac. It just gets me back and forth to work. Probably not worth nothing. Why do you guys have two more cars with that? Well, one more. Okay, so my car is the CRV.

And then his brother pays us for the charger. I specifically told him many times, don't. Don't what? He insisted on buying it from me. What were you going to do if he did it? I was just going to keep paying on it.

But why? Why not sell it? Why would you have an extra car that no one used? We sold it to his brother. I was using it. Is it sold officially? No. He pays us for it. Why are you taking it? I really need a car to get back and forth work as well. Which one is it? Is it the 22 or 17? 17. Can you afford a 17? Yes, I can. He pays it. Okay. Why were you guys going to hold on to it if he was... It's not... We can't sell it. It's a salvage title. Nobody wanted it.

it especially they were like offering us like six grand and stuff for it that's it was why do you want it um specifically this car it's a charger um i'm 18 oh sick i wanted a new car yeah he wanted to be oh man you're gonna get so many women yeah i kind of made a mistake getting it at the same time though but really needed a car yeah i told him you're gonna date every ask my mom

Okay, well, I guess let's break these down. Wait, wait, wait. What are you saying? What are you saying? When is this done? When is this little exercise of brotherly love done? I want it in his name within two months. I told him to save some money for the down payment, technically, for the loan to go into his name. So he's going to take out a separate loan. You're going to take out a separate loan?

I'm going to basically refinance the loan in my name. Yeah. Okay. How much do you have to put down? I'm going to try to do at least $1,500, maybe $1,000. What's your credit score? It's around $700. Have you gotten approved, pre-approved? He hasn't done it yet. Why haven't you applied? I'm telling him to do it.

Because I have no idea yet. We're still working on how to do it. I already know how to do it. I told you how to do it. You click a link or talk to a dude. You call the bank. We went through Royal Credit Union. I did get approved for that, but they added an extra three grand on the loan for no reason. So we said no to that. The dealership that I got the car from is very scammy. And that's why we were getting rid of the car beforehand. What was the extra $3,000? No idea. So like...

four months after I got the car two and a half years ago, the drive shaft broke. So then I got it replaced with a warranty. And then that one broke also and warranty said you can't get another one. So I had to wait a whole year. And then I tried to cancel the warranty through the dealership and it took them five months to give it back to me. And that was...

the warranty money off of it. It might be too much for you to qualify, but if things are getting weird with that, you might have to personal loan this thing. But even still, you don't need a $17,000 car at 18. That's what I told him. But also, what are you going to do with it if not? So it's...

on both sides. It's worth $12,146. But salvage though, are we sure? Yeah. No. It was... No, it's not worth that much on a salvage title. Yeah. I had a truck loan stacked onto it at the time. I had it all paid down. Oh, it's rolled over? It was rolled over. So what is this...

Well, first of all, hold on. I don't want you to buy a vehicle for $17,000 that's worth $6,000. Yeah, I did make a mistake of that. But I kind of... We haven't done it yet. No, but I did make a promise to him. And I don't want to go out on that promise because I would mess him up even more in his financials.

What do you... Well, he's saying he doesn't care. No, I do care about him going back on it. Oh. But I've told him many times I don't... In the beginning before he even wanted it. So what do you think? What do you think? What should we do? What should we do about this car? He chose his own decision. So it's already happening. Yeah, it's on him. Okay, so he can't back out. No. In your mind. Okay.

learning mistake at 18. Yep. That's what my mom said after he decided to do it. We all told him. We said, we'll sell you the car, but just to let you know, it's not worth that much. Yep. All for a charger so you could look like you're rocking above six inches? You should see how much he gets pulled over. And we're just assuming he can even get a loan, though. What if he can't?

I know his credit score is decent, but he might get to income. He did do the pre-approval, and he needed a cosigner. Which is my mom. And then he needed two grand down. Oh, my family.

He needed some money down. And so the warranty money went into that as like money down. But now they're saying he needs like a thousand to two thousand dollars money down to get this loan because he said he has a thousand. He wants to get a thousand. Oh, how much do you have? None at the moment because I'm mainly paying him. And with not enough days, I've been paying him with what for what?

car insurance phone oh the payment rent all together it's around 50 but the car payment as well yeah he pays the car payment his car payment why if he doesn't own it but you're selling it to him because he has a car he's had the car for two months so it's just the agreement yeah and we just started picking back up so if he can't how often does the business slow down just twice a year two months out of the whole year why what's happening now that it's like no labor day sales

Between sales is when it slows down a little bit. Okay, so it's right after Christmas and then... So we got Labor Day, 4th of July, Black Friday. Black Friday brings us all the way through winter. Yeah. So really like the last two months are going to be slow. We're slow and then now it's going to pick back up. And so we... Yeah. So when we are busy, I work five to six days a week. Okay, well, you still have the $17,000 car. So let's say that. Charger...

$17,746.97. The minimum monthly payment of $5.56. Interest rate? 8%. 8.9 on the charger.

I think. Okay. Not great. Yeah. Before he wanted to buy it, I was going to refinance it and get it lower. And what's the other car? A CRV. Okay. We have it at $15,877 via your VIN. Yep. So you're underwater by about $7,000. Yeah. So my CRV...

I did bring it to a bunch of dealers to see if anyone would trade me for a car that we could pay in cash. So like trade it down, pay the rest in cash until I realized that it's not worth that much. And so at this point I told him not that we're stuck with it because I really liked the car, but it's just like something that we can't get rid of at the moment unless we like super pay it down to get it even to how much it's worth. Y'all need to treat this debt like it has drums.

This is crazy. Okay, so $22,168.59. Minimum monthly payment? $500. It's like $4.90. Long term? Must be. Yeah, I think it was like $72. And the interest? $12. It's getting worse. It's worse than the target card. Good death. Good death. Well, it was...

So I originally had one, a CRV, that had like a 3% interest rate. And then when he slowed down and I quit my job, I traded it in for a Toyota. I did not have the company at the time. I was working for somebody else. I traded it in for a Toyota, and then I traded that Toyota in for a Subaru. I sold that Subaru, and that's why this is so much. Why have you not paid your taxes? My accountant at the time never told me.

That you had to pay taxes? No, he told me I had to pay taxes. He never told me when they had to start making the payments on them. I didn't find out until they sent me a letter. Hold on, it's in a cap and they're getting your books in order and they're not your CPA. Actually, he told me he wasn't going to be my accountant anymore in July. Okay. So then I found another one. Well, did you file an extension? Yeah, I got everything already done, figured out. I already paid my state taxes. That's the federal taxes.

So when I got the letter in the mail... So what happened with federal? Because those, after certain extensions with businesses, are due in October. No, I said... No, yeah, that's the federal one. But this was already due. This was already due. Yeah, I have a monthly payment set up for it. A monthly payment? What's the interest? I don't... There's usually interest. I think there's that much. I don't know how much the interest is on it. How do you know that? Well, I have a screenshot of an app, so I can't tell you. It was just online.

Limited information, $8,060.30. Minimum monthly? $500. Great. So we're taking $500 away. That probably needs to be saved up for next year's taxes. Yep. How much do you have saved up for next year's taxes so far?

because of slowing down oh good oh good listen you need to figure out because of slowing down you know what the hell it is it's not because of slowing down you just literally named when it slowed down to me and when it picks up so you would know this you talk to the crew oh don't work in this month i'm sorry we got it okay i i'm down with the pay the crew thing

I'm down to the pay the crew before yourself. Absolutely. But you know, the crew doesn't get money if the business doesn't exist. So the business goes under by you not being able to pay taxes. That's a little different. So there's emergency levels, right? Yeah.

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You sound like the guy from Futurama. Which one? Fry? Zoidberg. Oh, gross.

So we're spending all this money even though we have IRS debt and not we're about to have IRS debt again because we have nothing saved for the future taxes. And they said they want me to ask you about a couch or something. And I'm guessing we did something stupid with the couch. We did something very stupid. When you're going to have to pay taxes again, believe it or not, it comes every year. So what? What couch? So we went in because our couch broke and we were going to buy a couch just like a small one.

But we walked out with like a $3,500 couch on a credit. Ashley Furniture. I've done that. Don't recommend it. I'm okay with the financing if you do it in a smart way. Do we do it in a smart way? We have zero interest for the first year. When does that end? We got it last month. Yeah, we got it last month.

It's a deferred interest. Yes, I think it is. You didn't know that on the last one. I set mine off to pay in 12 months because I knew deferred. I love 0% financing. I'll have to look into it more. Why don't you show me? It does not say anything. You haven't set it up yet? It is already set up. Through Sync and me, usually. No, through Wells Fargo. Oh, you guys probably got approved for some shit alone, honestly. Which means there probably definitely is deferred interest. Yeah, take a second.

Hold up. I have, like, no service here. You didn't join? Why does no one join the Wi-Fi? I forgot that was a thing. There's a thing out in the lobby that's like, join the Wi-Fi. And everyone's like, ooh, snacks. Zoidberg picks snacks over Wi-Fi. So, yo, $3,500. It's, like, $31. I was expecting a crazier price tag because as someone who's done the furniture shopping, like, I've only gotten new furniture once and, oh, boy. Okay.

They do be expensive, so I get it. Yeah, well, it was literally my dream couch. I've talked about it multiple times. A dream couch? Yeah, it's the fuzzy ones with the pleats down it. So it's going to wear and tear easy? They said it won't.

They lied. Yeah. We have two cats and two dogs, and it's a white couch. But we got the warranty on it. They said it does, if anything breaks, we can just get a new one sent over. Yeah, breaks, not worn down. Well, they fix any scratches or anything like tears and rips. Well, to a certain extent. They said cat scratches. Okay, be very careful because usually it's like, okay, maybe a puncture, but sometimes like an intentional like...

Like they won't come. I don't know. I would. The lady who did it. No, she's a saleswoman. Yeah. She said she had cats. Oh, the person who wanted her commission. Interesting. Yeah. Hmm. Hmm. Okay. Yeah. I'm betting you're getting deferred interest. What's your minimum monthly payment on that? Uh, one 17. So it's there. You found it. Yeah. It just doesn't say anything for interest at all.

And you guys are not credit card people, to be clear. No. You need to use a charge card like the Fizz card, something where you put the balance on and you can only spend it, but it still benefits your credit card. Instead of downloading, where would it have gone on this? I don't know, Android. If you scroll down, it's probably... Okay, no, it's not. Okay, find it. Or maybe we need to join the Wi-Fi. You didn't click on it. Yes, I did. I said it was downloading. Then I saw a download thing. Is that it? Yes. Let me see. Can you have a little peek?

Wonderful. It's interesting how we're able to do things when we click buttons, isn't it? It's not the one-year thing. It's starting. $40 in only one month. So imagine that stacking every single month. And it all hits your balance by the time a year from last month happens. $40 a month. $40. $40 times that by 12. That gets added to your balance in a year.

In 11 months. 11 months. What is that? Menards and then. Yeah. This is going to be more than the Menards one. Yeah. Oh, yeah. The Menards one is like $60 added. This is going to be $480 added to your balance for this special little couch. And then it's going to sit there at 28.99% at least at this time. But it's deferring and it expires in 11 months. Almost to the day.

Told you I knew it. Almost like I've been doing this for two and a half years. My mom's going to get mad. I lied to her about the price of that couch.

What? Well, she tries to help. The crazy thing is, it's actually, for furniture, it's just too expensive. It's not the craziest price for a piece of furniture. For a couch, especially. Especially if you're going to the dream couch. But first, you guys probably should know. But two, it's the deferred interest that's about to kill you. But what? What did you say it was? A thousand. Why? That was the original amount of the couch we were looking at? So my mom... What does it even matter? You're 27. Six. I care about her opinion.

And she, like, she knows. Yeah, but why is. She doesn't know half of this. But she probably doesn't even know what a couch costs. Oh, she, yeah, she does. Well, then she, why would she care then? She'd be like, oh, you bought a couch. Well, I told her it was on, like, a clearance sale. But why? You're just lying. I don't.

Like she would have understood the price of a couch. No, because then she would have said you could have gone to like Habitat for Humanity and gotten a couch. But those are old and... A used couch? You could have said you got a used... I don't want a used couch. If you're talking to someone and need their opinion to be good, someone who's like meh meh meh about every little thing, don't talk to them about it.

They didn't even tell him. I know that she's trying to help. She has like help me paid off credit cards and stuff. That little kid's going to go to the mall one day, get the stomach flu and going to vomit all over that couch. And then that's $3,500 on the drain. Yeah. That's what the warranty is for. They can clean up stains. Yeah, I don't think she'll ever sit on it again. No, probably not in that spot. Okay, what is all this? Okay, I see your credit report. 630. Cars, cars.

And then I closed the count. Yeah, we've tried to pay off a couple credit cards over the last year. This is such a disaster. Okay, go on. Sure. What ones did we pay off? I paid off my Amazon card. I don't give a shit about that. No offense. I'm talking about the one that's closed. And you owe $1,465. Oh, that is my debt consolidation loan that I had a couple years ago.

Wow, you really consolidated it into soon-to-be collections. What? Oh, sorry, it's close, but you're making payments. Yes, I make more payments on that. I make almost double payments on it. What's the minimum, though? Just minimum. $70. I pay about $140 to $200. Maybe not, though. So that shouldn't be going anywhere near collections. What's the interest?

I'm going to have to look it up. 14%. Is it? And you paid $100 last month. 14% on that? Yeah, 14% on that. I think that turned me $14 a month. All right. What is this? Oh, there it is. It's a part of this checking account. Yes. Gotcha. Yep. 14.49%, 15%. Wow. Good. An ending balance in our checking account of $332. So we combined? Yes. Yes.

Okay. Oh, this is going to be so much. Oh, oh, Xbox. Good. Xbox and PayPal instant transfer and cash app. And now we went to the corner store and big J's pizza, HBI radio cart country, ATM, which are $203. Who knows where that went? Am I plums? That was, Oh, that was the casino. When you're stopping at a little food mart and you get like $6, what are we getting? Snacks, drinks,

drinks for the kid snacks and drinks for the kid he used to stop at a gas station before work too and get drinks just throw a water bottle at it next time I'm with Cersei okay this is like buy him in bulk we don't need to be stopping and getting going and getting BS getting Burger King TikTok we're paying for TikTok and that was your 21 pilot shirts I never ordered the 21 pilot shirts that was not me on TikTok then

I don't know. I don't even remember. You need to act like you're over the age of 21 and just not spend money you don't have. When is that, I guess, when it's like, I guess, when it's like, I guess, then we're on a hundred dollars. Is that for paying your work? No, you do. Oh, good. Roku. And then big J's Netflix feet to farm car wash, washing a car when we literally can't pay our taxes. Come on. Cinema, PayPal, wig,

Wait. Crown Wing Country Land. I don't know that one. Music. When is that got some BS? Culver's. I love it. Can't afford it. You're not paying taxes. Hotels and tickets. Discount liquor. Bath and body works. We can smell nasty when we can't pay taxes. Cash app and all. $800 to where?

Cash app? 800! Oh, yep. Oh, yeah. One of my employees needed their check. Oh, sure. Because they forgot it. So if they forget the physical check, he'll pay them first. I got you. Are you accounting this? It didn't go through your business account? I know you're LLC, so technically you're able to make it work. Yeah, I take it from my business into that one and then send it to them. And then I write it down. Just account for it. Pizza. Pizza. Pizza.

Winnipeg SMBS, ice, kind of ice, and mountain. Oh, that was the county fair. Yeah. Wonderful. Now, on these business accounts, what the fuck are we doing? Is this all gas? The gas stations, yes.

The Speedways and Kisses and Holiday Station. Yep, that's gas. And Walt is Costco. And you also have Crunchyroll and Entertainment and YapsoD, Hobby Lobby, TJ Maxx, Smoke Shop. Who's getting lung cancer? Raise your hand if you're getting lung cancer. Both of you? All right, good. We have a kid, so maybe we don't anymore. Subway. Monopoly Go? Not again. $150,000. What are you doing? How much do you spend on Monopoly Go in a month? That was that one time. Stop deleting. Burn it.

I told you not to spend money on that app. That was the only time. This is ridiculous. What's happening on this card? You spent $6,400 on there. A lot of a business, yes. And the business was a lot of stuff just back and forth. The business checking account is actually not that bad in terms of managing things. The card, there was lots of BS on there still. Before, I didn't use that one for the business because we had it more towards that. And then I started using it for the business. And then we actually was able to pay more of it off.

But then there's more stuff being spent on it. But it's mostly for work. You say it's mostly for work, but you pull it out when we don't have money. Who's right? Both. I am. All the time. 90% of it is for work purposes. 10% of it is normal. No, I would say money-wise, 90% is for work. But usage percentage, it's like half. Yeah, somewhere around there.

Again, I wonder if you need all these employees. Well, okay. So one does front of the truck driving and the other one does back of the truck. So one goes inside and installs everything. The other one is... This is a two-person job. No one person can't bring in a 500-pound fridge up to the office. Ryan, do you think that he needs every employee that he has? Yes, absolutely. Okay. At least at my company. Well, our job, I pay my employees on time.

Well, that's good. I'm just trying to figure out... I mean, you're not paying your taxes. Well, I mean, I'm making payments towards what some other people are. You have nothing saved for your taxes upcoming. So it's just like, I don't know what you're talking about. My brain keeps saying, like, most of the money I get from the business keeps going towards the truck rentals.

My brain keeps saying that once I can get my own truck in my name, I'll be saving a lot more money. Not just your pay, but money you're taking out of the business. How much money hits your account on a monthly basis? Your personal account. Average. Give us an average. Should be around five. Cool. Are you setting 25% aside for taxes? No. We're setting 25% aside for taxes. $3,750 is your income then. Welcome to the life of a business owner.

S-Corp it. Pay yourself a reasonable salary. Make your distributions less taxes. I was told not to put my company into an S-Corp. Because then I have to pay them hourly, which is hard to do with our job and then everything else. You can't contract out people with an S-Corp? S-Corps can't contract out people? I don't know. That would be interesting. I'm curious. I don't know. Okay, let's get your debt payments.

So, again, the money that hits your account, this is after your truck rentals, right? In the business. Fuel. Everything, right? Every business. Yes. Am I missing the charger because he pays it, but if he dies tomorrow, you're fucked. That is true. Better get it out of your name, my friendos. Oh, good. Okay. One-third of your income immediately goes to debt minimum monthly payments. $1,242. Okay. What's your rent? $1,000.

Your portion? Yeah. A thousand R portion plus utilities. Your portion of utilities and internet? About three to 400 depending. Call 350. Is that including internet? Yeah. Yes. Car insurances? 175 for just us two. Your portion of the phone bill?

$200. That's insane. Do you owe on your devices? Both phones and our child iPad. As soon as you guys pay that off, switch to something like Helium. You guys gotta do a $20 a month option.

Okay. Gas, Vroom Vroom, Drive Drive, both of you combined. A month? Yep. 75 bucks, maybe? 100. Because one tank lasts me a week. 100 both of you, or 175 total? I would say 100 both of us. 100 both of us. She doesn't go anywhere that often, and then I just go back and do it from work. Okay. Necessary food. I need two.

How does this work with different people living there? How do the groceries work at the house? We buy them. He eats them. Nope. He's starting to give us extra money set aside for food. Okay. So his rent is rent, utilities, and food. No more. What's his rent? $600. But now he's giving us an extra $100 to cover food. I don't think it's only $100, though. It won't be. If I'm doing you, you, you, and baby...

I'd be putting you guys at at least $800 a month of meal prep. Yeah, that's like about what we spend. And he would need to give you about $200 of that.

You hear that? That's what we're going to start doing then. That's what you're going to start doing. That means it's going to be $600 from you guys. TP fund. This includes anything else you need to survive. This is makeup, anything for kids. That kind of stuff, $150 we're going to put in there. Medical healthcare co-pays. Well, you guys, neither of you have insurance? Does GoldRx? Yeah, I do. Okay, $400 a month. Let's get you both on health insurance. See if we can afford that. Subscriptions, no. Savings, no. We already did the 25% set aside for business. Okay.

And pets? We have four pets. Two cats, two dogs. Okay. Food, how much? Probably about $100 a month. Yeah, with all four of them. Do you have pet insurances? No. Probably should or else you're going to get f***ed, but I don't know if we can even afford it, so...

Trust me. I just had an emergency vet fill. $3,000. Oh, my gosh. It happens. Dogs are stupid, especially the one that I have that consistently eats things that she shouldn't. She's like, nom, nom, nom. We got two black labs. Oh, yeah. So, ha, ha, ha. I doubt you guys could afford that $3,000, and I also doubt you would let them die. No. So, with that, you guys are under about $500. Okay. Yeah.

And that's what's setting some money aside for taxes. You don't set money aside for taxes. You have money left, but you don't because you need to pay taxes. So you don't have money left over. Right. It's as easy as that. Yep. 567 negative. And that's with him paying a share and him paying his car. That's without the extra money the company makes, which I said altogether. What amount hits your account? I thought you meant in our checking account.

Okay. That you take from your business that you take from your business on a monthly basis, distributions and pay, even though you're not set up for pay. Oh, that I would just do like an average because it's average. Average it out. What I take in total after everything. Yes. Around 15, no, 17 to 25. Cause one week, a week extra.

Total. Total. Average total monthly. That you pull from your business after everything is paid. You know, like when we go to the grocery store and we don't have money and you take it out of your business account. Or just tell me what you can. Distributions and your pay. Tell me what you can. Seven to eight. Sorry. A month? A month. Let's do seven to be clear. When the trucks do good, I make an extra one. When they do good. Yeah. When I have the full six. So you're averaging still and saying seven? Yes. Yes.

I can make between an extra one to two thousand business side a week. Okay. Five thousand two hundred fifty then after setting money aside for taxes. Sorry, I am not the brightest when it comes to certain things. Oh, that's okay. I'm also a dumb when it comes to a lot of things. So I get it. We all are. It happens. A lot of stuff needs to be dumbed down for me. That's okay. I gotcha, buds.

4,317 needed to survive. You actually have, if that is correct, and we're budgeting this correctly, which big if, we have 933 left. That's a lot better. Yeah, that's usually what it feels like. But this is you guys living on your basic necessities. Yeah. Besides, again, the TP fund, that's 150 bucks. That's why I was really shocked when you said negative. And I was like, that shouldn't even be it at all.

Yeah. Okay. I mean, with that, you can take care of a lot of this pretty quickly. It's our brains telling us it doesn't need to go to that. Just buy something stupid. First three months, Target and Menards are gone. Three months after that, Ashley's gone. Cool. Six months, Ashley's gone. Target's gone. Menards is gone.

Again, Citi is very difficult. Sorry, actually, first four months, Target, Menards, and your consolidation is gone. And then three months after that, Ashley is gone. So now we're seven months in, okay? Okay. Cool. That sounds a lot more better. And after that, the IRS, check out the interest. It likely has interest or fees or things added. So we're probably paying that off in about, at that time with the money left over, it's going to be anywhere from, it's probably about $1,000.

Well, actually, probably about seven months. Seven months after that. So we're 14 months in. This is without you getting a job, by the way. And this is without your business increasing. So this is with everything staying stagnant, but it's also without interest accruing. Okay. Okay.

We're going to make him take it. CRV. So we're keeping it. We're not getting rid of it. Yeah, that's just my car. I'm not getting rid of that. We also need the SUV because of the two dogs. Yeah, but you can get an SUV for $10,000. Right. No, I think at this point. You can borrow the difference. You could have a $15,000 loan instead of $22,000. Also, it's 12% interest. We do want to refinance that loan when the time comes. The time will come in about 14 months because your credit score will not be good until then. Okay. Yeah.

Yeah, the couch really... Yeah. Okay, now we have an extra $1,500 to throw at it. So your review will probably be about... Let's call it $20,000. Divide that by $1,500. That'll take an additional 13 months to pay off. So if you really want to double your time to keep the thing, you can. It's up to you. Right. So we're a year and three months in.

A year and three, two years, three months in. Two years, three months, all of our debt is gone. Save up fully for an emergency fund, we can round it up to about three years.

Yeah. Depending. You might be able to do it in two years and three quarters total. But that's actually not that bad. And that's, again, without any pay increasing anywhere from either side. We do need a full emergency fund because last year I had three surgeries. It was a lot of work for a while. Well, also remember in your budget I did health insurance. Yeah. It's probably going to be cheap health insurance with higher deductibles. But if you have big surgeries, you're going to meet your deductibles. I was covered still under my mom's insurance at the time.

because i was before 27 not no more yep so health insurance tomorrow okay okay okay okie dokes wow what a mess but your cleanup is actually not that bad it's literally just you guys budgeting so just budget just be some adults who budget who sit down communicate budget budget budget budget budget yeah easy as that y'all it's as easy as that let me get your hammer financial score

We'll bring in your brother more for the post show and we'll get his perspective on this and we'll bring in the producers who know more drama and things about you guys. And we'll talk about that. Make sure you join the membership below. Get an extra 20 minutes every episode of Extra T. Spending a budget you overspend. Zero out of 10. Debt. You have IRS debt. Zero out of 10. Emergency fund. Nothing in savings. Zero out of 10. Retirement. Anything? No. That's terrifying. That's one of the reasons why we wanted to come on here.

Yeah, yeah, yeah, yeah, yeah. So you'll be 30 by the time you're done with this. So you have a lot of time still left. We're going to be saving up for retirement because you guys need to have a good retirement. You don't want to throw your burden onto your kid. Yes. Retirement is $0.10. Real estate is $0.10. You don't own it, right? It's a rental? Yeah. We're going to buy it in a few years, but we want to buy it in a few years. So we rent from our friend. She bought the house. We rent from her. All right. Let's talk about that in the post, though.

Okay, Hammer Financial Score. Zero. Zero out of ten. Make sure to check out all those resources linked in the description below where you can also get our budgeting and investing program at a 15% discount and get $100 in cash from us gifted into your Moomoo account. Today on the Financial Audit Post Show. Our friend bought the house. Okay. Lived with us for a while. For this intention? For this intention. Lived with us for a little while. We butted heads. She moved out.

It's so great that we mix everything in our lives with everything. It's so convoluted with your family and friends. It's getting a little too incest, even though you guys are so far north. To watch the Financial Audit Post Show, click the Join button below.