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My name is Hunter. I am 28 years old and I'm from Burleston, Texas. Thanks for coming down. And this is Financial Audit. Spinny little intro. Yep. That's exciting. So thanks for coming down. What do you do for a living there? I am an AGM for a barbecue restaurant. Oh, GM. AGM. AGM. Yeah. Okay. Just got promotion. Very good. Oh, congratulations. What were you doing before that? Just regular manager. Been with the
barbecue company for like three years now. - Barbecue company? So what is a barbecue company? Is it like a barbecue restaurant? - Yep. So I just started franchising in the DFW area. - Sure, cool. What are we making? - Right now I'm making 48K salary. - Okay, bonuses?
Yes, there is bonuses, but they're like store performances. So if a store does better than that store gets it, but the GM is the only one that gets that bonus. But you're AGM. Yeah, but I won't get it. That doesn't make sense. You just said a GM gets it. Yeah, the position GM gets it, but as an AGM. Oh, okay. See, that's...
Okay, AGM is the position. Yes. It sounded like you were saying, I am AGM. No, no, no. Assistant Journal Manager. Why'd you say AGM then? I don't know. I should have said that. That's not how humans talk. Well, congratulations on your promotion. Yep, thanks. That's really cool. $48,000 a year. How do we feel living off of that? I feel pretty good. It's more money now, so...
What were you making? At the time frame, it's 45, but there's a good chance that I will also...
three to four months now be making 55 depending on my store's uh sales how is that determined how's it determined if you get the increase or not just by the like sales um yeah but how's it determined what's the number uh the number like we go by monthly and depending on how each store does that's going to determine because we just got back down does the salary go back down
My salary won't go down. It will stay at the same. So it goes up if it goes up, but it doesn't go down if the store goes down? Correct. Yeah, because of the money that's being put in. It's also with some new owners. That's kind of like making things a little tricky as well. It's pretty... So I know you're quite proud from the conversations we've had just onboarding you and everything into this position, which...
I'm happy you got a promotion as well. But I just also want to make you aware just in terms of assistant general manager positions, then the terms of the types of ones that you've been promoted to, the median is ranging from 60 to 63,000 hours a year where you're getting a possible raise to 53,000 hours a year, which on that high end of median is still $10,000 less than average. And you're not in a...
You said the restaurant's in the DFW area? Mm-hmm. It's a brand new one. It's outside the first one outside of DFW. Okay. Well, even so, if it's just outside of DFW, that's a pretty low undercut from the median in a major metro area type of place. Mm-hmm. What do you think? What are we thinking? According to the Bureau of Labor Statistics, by the way. Yeah. I am going to try to like...
My main goal right now is just try to figure out as many projects that we can get traffic in and just sales bumps. So that way not only helps my employees, but it helps myself too. Uh, cause I mean, otherwise it's just kind of like, yeah, but you're only getting a raise to 53,000. I mean, you're a 48 when the median 60. Yep. And 63. And that depends on, um, if, you know, certain situations happen, then I can apply to a GM position in high, uh,
If there's an opening. If there's an opening. But again, you're being paid under this position on the national. So what's to say you won't be paid under the national GM average? Yeah, that's the current. I'm not knocking you for the job, but I mean, this is capitalism. We're here. There's an ongoing competition in figuring out what works in the marketplace. They're paying that position.
Because you're accepting being paid that position. You took the job. If they couldn't fill the job, they would have raised the prices. And you would have found a job that was adequate to the money for the position. Yep. But you just accepted this job well under the median. Yeah. I pushed for it. And they're like, well, we can't give you this now. So you wanted the position more than anything. Yeah. Rather than the income. Why? Just been committed to this company and been wanting to...
Like push myself. Like they're committed to you. It's the, it's new ownership. Sure. That's fantastic. Um, they're a little bit more stingy than the old ownership. You want to tie yourself to a stingy? Not really. No. Okay. So what's the play then? Potentially getting another gig. Uh, but as separate or moving, uh, lateral, I would like to go lateral. Um, but as of right now, uh,
This is why I have that consistent income. I'm also potentially looking into something else job-wise, like a second gig potentially. But yeah, I don't know. It's kind of a sticky situation for me. It's just a... I don't know. It's sticky to get out of because it's consistent right now.
Now, in general, let's go into your situation. Let's figure out where you are. We got your income. We got your work situation. You just borrowed $7,000 from your parents. Yeah. For what purposes? At 28. Yep. Get me out of debt. Or at least help me lessen the debt and pay off faster. Which is interesting. It's a consolidation, I guess. So we have a stack of debt here. What debts from here did you pay off from that $7,000? Nothing. Nothing.
So you still have the $7,000? No. What the fuck are you talking about? I paid to certain credit cards. And so I separated the $7,000 into different credit cards. Explain. Instead of taking care of any balance, you put a little towards all? Yeah, a little towards all.
uh versus like one card um i did that and then i was like okay now i have less of this i'm gonna pay this off and but you said you've paid none off right because i basically reoccurred all the debt you put it back up when did you borrow the seven thousand from your parents uh so it's like maybe in december sometime around that january
So you still owe it to them? Yeah, I still owe it to them on top of what I have now. Jet number one, parents. Before we continue with the video, I want to take a moment to remind you that investing is something that is absolutely necessary in order to secure your financial future, which is why it's so important to start investing early so that you can grow with your portfolio. And lucky for you, Mumu is the perfect
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That's confusing, man. I mean, the payoff strategy is weird. Like, why not just pay off some balances to lower your minimum monthlies and attack the rest as you now have more money left on a monthly basis? But you didn't do that. You just spread it out almost, like, evenly across the board and it never took care of a balance. But it didn't matter anyway. You just built it all the way back up. Do your parents know this? No. Oh, f***. Why haven't you told them? Pretty shameful of it. Yeah, no s***. So...
It's just really stupid. Also no sh**. Yeah. So that's going to be a fun conversation when I have it with them. When are you going to have it? When are you going to be a big boy about it? Come on, dude. You're throwing down slabs of meat all day. You're a man. Probably like, I don't know, a few months from now until I get certain things figured out. What kind of fake answer is that? What are we figuring out?
uh just try and i mean figure out better financial strategy which is not what i'm not what i thought was right i didn't do wait what was that sentence okay yeah uh my strategy was to spread out the the loan that they gave me and where'd you learn that from because i don't think anyone would have ever suggested that
Myself, which was... Oh, you learned it from yourself. I learned it from myself. Obviously a well-versed tutor in personal finances. Yeah. Yeah, because I thought...
Because I was going off the base of my credit score. And I thought me spreading it out would make it better. And it did for the time being. And I put some money towards my highest interest card. But you built it back up again. Yeah, I built it back up again. What'd you build it back up again with? Like...
So some of it, uh, one purchase was for car maintenance. Um, I was going through some car issues that needed to be fixed and it was going to be like $3,500 overall. Uh, so it was with my, I had to get my car towed because it died. The battery died. And then, um, I had to get some
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tires fixed with that as well yeah they're just new tires you mean just new tires okay but i don't have like 3500 not so far um and then i had to get my door like handles fixed too so they had to like re like why the f**k do you need your door handles fixed i accidentally ripped like one off like carrying groceries and stuff like that so they had to like take part and like get inside the whole entire thing um
How's your relationship with your parents, by the way? I mean, you borrowed $7,000. My relationship with my parents is good. It was definitely an interesting upbringing that I had. Okay. So I'll kind of give you what I grew up with. Whenever I grew up with my two parents, and I had two older sisters, and then I had a younger brother. But the younger brother didn't live with me. He lived with my second oldest sister.
And my parents are older. And but then at 10 years old, my parents sat me down and they're like, hey, we need to tell you something. We're actually not your parents or your grandparents. Oh, whoa. And your oldest sister is your aunt. Your second oldest sister is your biological mom. And then wait, how old is your biological mom? She's 50 now.
Oh, okay. And then your brother is your half-brother. You share the same mom but different dads. And so – and like kind of growing up too, I had a good relationship with like my dad and my grandpa. Me and my mom would like butt heads a lot. My grandma. Okay. Because they adopted me when I was like 13 too. How old are they?
uh dad's 80 like 81 now and then my mom is like 75 76 okay and so um just biological mom was going through like I mean she's going to rehab by like 18 all that stuff and um yeah okay and so uh childhood is really confusing
um especially after that point but i mean i just went back to calling them by just by their name versus like big sis and all that stuff um and i was just like no point of like calling them grandma grandpa i was like y'all raise me and stuff like that yeah yeah yeah um but throughout the years it's definitely been like back and forth and my family is very independent it's always been us and um
So my parents have always been supportive of me and like, I don't know, just being able to
go through certain life situations they kind of like kept me sheltered a lot and so a lot of it is me learning on my own but i definitely put like everything i've done like with my spending that's on me that's not on them they've been nothing but like supportive and loving towards me um that's why i was like that's where i just feel about it
Yeah. I mean, it's difficult because, I mean, are they retired? So there used to be a company called Montgomery Ward. Sure. So it's like Montgomery Ward is the OG before Sears opened up, where like the Sears catalog, all that stuff.
My dad was the CEO of that company. Wow. And they bought a lot of stocks in it. And it crashed. Okay, so what's their situation now? Their situation now, they're just settled in Temple. Oh, they retired? The reason I'm asking this is because you literally borrowed $7,000 to make zero progress from them. He's working as a substitute teacher because he just... Well, it's...
He doesn't like staying at home. Okay. Like he... It's not to make ends meet? No. So are they retired? Pretty much. Okay. Yeah. Yeah.
Do they have any expectations of when the $7,000 will be paid back? No. Because they talk to me and they're just like, when you pay your stuff, we know you have the intentions of paying it back. Do you? I do. Yes. Okay. Well, you have no action surrounding that. I know. At all. In any way. That's where I'm being stupid. And I need a wake up call with that. So how much actually went towards the debt, which didn't make any progress anyway in the end? How much?
Of the 7,000. Do you even know? So what that 7K was put towards. So it was like 2K towards the...
one of my main credit cards that has the highest interest rate and then it was like 3k toward two another two another two it was just spread out but you said someone went to the car yeah but you said that was like a 3500 yeah but i put that on one of my cards so it didn't even make it didn't even matter what would you give yourself zero to ten zero being the worst ten being the best of your finances what's your personal view of your own situation uh
probably like a one okay well I'd probably bring that down to a negative one because you promised to bring us barbecue and you didn't even do that so so seriously where's the meat I'm a meat man well I thought about I was gonna come down on Wednesday but uh or today but I came in on Tuesday so I didn't want to serve cold barbecue like we have a warming device okay next if y'all are in the area I'll hook you up that's not how this works okay
That's not how promising to bring someone meat works. Why don't you drive three hours instead? Okay. Please, we have myth awaits in law barbecue. I don't need to drive three hours for a franchise. Okay. Do you have a minimum monthly payment to your parents? No. Okay. So let's just pay us back when you can. What is their view on this again? I know they don't know that you f***ed up, but what is their view on this borrowing of money to you? Their thought was just, why didn't you tell us sooner?
And we could have helped you when your debt wasn't so high. And this is the bankruptcy thing. This is the debt consolidation thing. And now it's the lending money from the parents to the son thing. It didn't help you in any way whatsoever because you didn't change the behavior. Before you go through any consolidation or debt forgiveness or whatever, if you don't change the behavior that got you there in the first place, you just end up right back where you are. And that's where you ended up too.
Man, okay. Let's go on your first step. Your first debt that isn't from the parents. JCPenney. Yeah? Going to JCPenney and getting loans for shirts and shit? Yeah, buying a bunch of clothes and gained weight. I mean, I feel it, but... Had to get some bigger clothes. Nah, embrace the tightness. Yeah, that would give me a little bit more motivation.
You're over limit. You're over limit. You became over limit on your weight, so you became over limit on your card. And I can make fat jokes. I'm fat. It's the rules. It was a pretty okay joke. No one laughed, so I was a little disappointed. Okay. Over limit amount, $120. Oh, fuck.
First of all, this is an... We asked for PDF statements so we can review things. And this is like a... It's a screenshot of you taking a picture inside of the Notes app. I cannot read this thing. Yeah. I tried my best to get the PDF file, but I signed up for paper documents for the JCPenney deal. I don't know why. But their card deal, when I tried to download the PDF deal, it was the only card that I could not like.
download an actual pdf through the app and so that was my best way of showing it okay five thousand two hundred seventy dollars and twenty six cents which again is over the credit limit of five thousand dollars with the are you kidding me 185 dollar minimum monthly payment doesn't help when we're being underpaid like fifteen thousand dollars or whatever oh ten thousand dollars i think after your raise purchases if you're
Why do people do this? Why do people do this? It grinds me more than like most anything when it comes to finances. You have $132 of interest accruing. That sucks, but the balance is large, so the math makes sense. But after we pay $200, let's go blow $358.87. What the f*** is the logic behind that? I can see how you got back into debt immediately again.
You say it was 300? 358! Altogether? Or like in one purchase deal? Or is it separated? Well, let me read through your microtext because you sent us some ridiculous... Look at this thing, guys. How the f*** is it... Whataburger. Some restaurant. Barbecue.
Another restaurant, Whataburger, Whataburger, Whataburger. European wax. What the f*** are you doing? Buddy, just watch the Nair video on YouTube. I would have taken care of this. It's for my eyebrows, not the other place. Buddy, what's wrong with your eyebrows? First of all, you're sweating like crazy between them right now. Yep. And two...
And two, like, I don't know. I buzzed them. Do my eyebrows look bad? No. Yeah, we've been through this. So, like, just... That's what I told the other person. Why don't you just spend that once? A $25... And you could have, like, taken care of it. On an endless weekly basis instead of going to a European wax center and spent $66...
It's a wax pass deal. You have a wax pass. Not anymore. That's okay. Good. I canceled that because when I saw it was $66 a month, I was like, yeah, that's stupid. Yeah. So the Lumberry Lumberyard, it's a bar. Oh, great. Yeah. Let's spend another restaurant and Arizona bottoms, Arizona tops.
uh probably gang oh yeah gang jeans and shirts probably something like that from jay spinney usually when people talk about tops and bottoms it's not really about okay that's a ridiculous amount of spending and just absolutely crazy things on a card that is now above the credit limit does that make sense no if you need to call be called out for being a dumb dummy dumb
calebhammer.com slash apply feel free to join us here what do you think so far i've been called on on dumb dumbs yeah i definitely in the time frame i was like i'm like yeah not so much and then i was like well i need to yeah i don't know you're obviously not a credit card person close the accounts open credit cards and don't ask me about the score just use your damn just use sign up for the fizz card where you
At least help someone like you. Okay, let's see. You're basically at the credit limit on the discover it. How do people... Every time someone has a discover it, it's always... So with that discover, that was another...
thing in my, I guess my own brain that I thought would be smart to get because whenever I did the, whenever my parents gave me the 7,000 and spread out the deal, um, my capital one venture card, I did a transfer deal or less than the balance of that one. And I can pay off that one. So I'm not paying like 300 something on, uh,
But I just don't have debt. Yeah. Good. The way you're trying to go about this is insane. $166 minimum monthly payment. The balance of $8,277, which is more than you borrowed from them to even pay off your debt. It's a wild number. You paid the minimum. Oh, you. I'm going to...
$16.94 of interest. Okay. Then $1,000. $1,046 of purchases. What the f*** is that? Do you even give a s*** about your future? What? Like, what is that? Like, what kind of f*** decision making is that? What kind of lack of maturity, lack of adulthood is that? We're basically the same age. What kind of f*** is that? You've been in adulthood for a decade. What kind of... What is that? That's insane. That's insane.
So $700 of that should be towards the last time I had to get car maintenance because the alternator belt failed. I had to get... Okay, so fine. $250 to spend going out to eat and going to bars. Even still, $250 going out to eat on a thing that you're only paying a minimum monthly payment to and the interest is accruing. Does that make sense? What kind of decision making is that? Dumb. Okay. Okay.
Yeah. Going to the bar, going to the bar, getting some Mickey D's after the bar, going into the gas station, getting some bullshit, some barbecue, going into the gas station, getting some bullshit, Domino's, bar, going into the gas station and getting some bullshit. Why are you always getting some bullshit? What are you getting at the gas station? Getting some gas and then... No, going inside. I didn't call out the ones where you're filling up your tank. I'm calling out the ones where you went inside and got some bullshit. What'd you get? I would get like...
So I'm not like vaping and stuff like that. Okay. Well, honestly, there hasn't been any scientific census around what those things even negative or positive impacts. Obviously, nicotine is addictive. Addictive is hard because if you ever want to stop, that's really difficult. But they haven't, you know.
unlike vapes you know it's not like going to the lungs or anything so it's like yeah you know whatever until something bad comes out it's like huh i guess yeah but even still it's expensive in your situation it's an expensive hobby hobby yeah and then i would just get like snacks and stuff like that but um there it is yeah oh my gosh it keeps going okay on naviest rewards that's i've never heard of this in my life
Probably, I think it's a Gap card. Are you f***ing kidding me? Why are you going... First of all, you didn't even get JCPenney. You didn't even get JCPenney. Then you purchase 100. You keep purchasing cards. Again, you're basically at the credit limit. Again, so this is three cards, one over, two at it. Then it debt to our parents. It's a reminder where we're at so far. Right here, we're at $2,000.
$214.19 for Gap. Gap. The $79 minimum monthly purchase, $78.99. $119 a purchase is fantastic and it just charged $57. Put $200 towards it, but the balance only went down by $20 because you're being dumb with it. Oh, good. It's all bullshitting. Something you purchased through Apple. Great. And then you went to a restaurant called Bell Manor. Then you went again. And you went to... Okay. Is this the name of the barbecue place you work at?
Hold on, let me see. Yeah. Why do you spend so much money there constantly? You're the AGM. Yeah. Just pull yourself a slice. Yeah, that's what I sometimes do, but I don't know. No, you spend so much money there. They're supposed to give you money.
I need to, I don't know. I like the vibe of it, too. What the fuck are you talking about? You work there. I like the vibe of it, so I spend money there. You work there. Yeah, but probably from that's when me going drinking on my off day at that place. On your off day, you go drinking at the place you work? Sometimes, yeah. Buddy, you got to leave that place.
You gotta leave that place. They're underpaying you. You gotta leave that place at some point. Just leave it for a day. For f*** sake. Sometimes I do. But, yeah, I don't know. I can't escape it. How's your dating life? I know that seems random, but follow me. My dating life? Pretty much non-existent. Okay, well that sucks. How's your friends? Friends are good. Okay.
go hang out with them stop going to the bar and then download some dating apps and instead of the other naughty app that exists in your statements download some dating apps and go get some and don't don't take them to the place you work yeah i mean i hang out with my i hang out my friends a lot but i mean we do go out to bars often yeah there are a lot of bars in here um
And, yeah, I do have dating apps. I just don't get out as much because work life is pretty insane. Going into debt for vibes. The millennial, young millennial, old Gen Z way. And then Total Wine and More because going to the bar wasn't enough. We had to pick up $70 worth of glugs for back home. Yeah, I thought that was a better way for a party. Cash advances? You have a cash advance balance on here.
$436 at 30%. What the f*** did you do? I had to send some money over. Send some money over? To what? Like for a bill. Or like to pay someone for a bill. Pay who? What? It was for basically to pay off partial rent. I sent it to them and they sent it back to me.
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And like, yeah, I don't know. That was just another way of like, it's like, oh, I don't have money in my debit card, but let me send money through. I did through like Venmo and stuff like that. I know you're being underpaid, but you're not being paid like a wage in general. No. Like you're probably close to the median of your area. Maybe even close to the median household of your area. Maybe like 15 off. Not 100% sure. Depends on the town. But yeah.
You shouldn't. You should never be almost negative in your checking account in your position. Yeah. The last, I mean, honestly, whenever I had to do my car deal in late March, it's been basically like negative every like week or two weeks. Have you seen your spending? We've gone already through some of it on your credit cards. You're going to the bars every second of your life. You're going to your own...
restaurant where you're agm no a agm yeah and spending all your money there you're negative by choice you're being stupid with your money i call it as i see it i'm here to be nice yeah i mean i'll give you a high five afterwards out of pleasantries but when we're talking about your money and sitting here like i mean come on this is dumb as this is dumb yep okay yeah i mean
Oh, again, we're basically at the credit balance of this venture card. $8,775.39. And the credit limit is $9,000. So we're basically there. $207 of interest per month in a single month. Kill me now. Oh, good. Oh, good. Another $1,000 of purchases. What are you doing? What are you doing, man? You're bullying yourself into the...
So why'd you get into the Capital One to begin with all this debt? So when I signed up for that card, it was for my best friend's bachelor party. We're going basically went to Vegas, did ATV tour rides and...
Apples Valley, Utah. You took out the credit card for that. Yeah. But I got paid back. We all just split it up because I was getting the miles. How much was yours? Your portion? $400. Okay. So you opened a credit card and you put $400 on it immediately anyway. And then this is built up from there. Yeah. So everyone paid me back for it. Did they actually? They did. Yeah. But then it was just...
So what really put me in the rut was just kind of just doing small minimum payments. And then I moved out from my best friend's house because that's where when I moved up to DFW in 2020, I was living with him for a year and a half and he got married and I spent a lot of money moving out.
How much do you have in retirement? Zero. That's insane. You're destroying your life. What chance of a future do you have financially? Going down this path, none. Yeah, I was going to say. You're going to rely on Social Security, which we're decades and decades away from being able to get that, my friend. And who knows what that program is going to look like at that point. It's only existed for like 100 years. And it's like 80 years, I think. Something like that. And it's already like they always have to push back the ages. And it can't be managed for shit.
So how are we going to rely on that when it's 150 years old? Yeah, I'm not 100% sure, honestly. I also don't follow up with that much. I probably should. It's not about that. It's just you're relying on something that... Have confidence in the shit you do instead of having to rely on something else. But right now you've set yourself up for complete failure. Yeah. I don't know. Yeah. I mean, I do know. But it's just...
Really big impulsiveness and some coping stuff too. $297. $290. Kill me dollars. A naughty app. Prime Video. Roku. More Amazon Prime. CBS Interactive. Roku. Roku again. How much content do you consume? How do you have this much time? These were like 50. There was like seven in a row of different streaming.
Yeah, it's either I go to work, go to the bar, or I'm at home watching TV or movies. And one other thing. Yeah, one other thing. The Lumberyard again. Sonic Drive-In. Adult Fun Time. That's what we call it. Let's Rodeo. Harvard Hall.
harvest hall the restaurant eagle point bar yeah that was oh i went on like a date oh well there you go that's not non-existent yeah i go out time time it's just like commitment stuff like that i'm not really like into it right now yeah well but you're committed to a place that pays you ten thousand dollars on your media uh okay yeah storage unit you're storing for 80 bucks a month um so i'm renting out a room right now um
with the people I'm living with currently. And I just had a bunch of like I had a washer and dryer unit. I had like desk, all that stuff that wouldn't be able to fit into there. So I got a storage unit to store all that stuff. So I want to crowd their space. Okay. More adult fun time. A bar and grill. Oh, then spending more money at your own restaurant. That's your AA GM at 29.74% on there.
With $207 of interest accruing. Almost $1,000 a year so far in interest accruing. Absolutely wild, man. Absolutely wild. Listen, you got excited about your raise. And I'm excited about your raise as well. Of $3,000 a year, but you're blowing like $1,500 a month. So what's even the point? Like blowing on nonsense. So what's a $3,000 a year raise going to do for you? Yeah, that's what I'm saying too. And that's what...
I'm trying to talk to, like, my higher-ups about. I'm just like, I definitely deserve more, like, than 48. And it's just like... You might have to leverage your position, man. I'm definitely trying to, for sure. Well, you need a competing offer to do so. Yeah. It could also cause some bad will in that case. I mean...
one of them do it close your close your ears ladies and gentlemen one of them do it they're like i'm getting a better paying job somewhere else i'm like go get it you know like you're not gonna hold that over me that's pretty much your mentality yeah which i kind of get i mean like i don't know i don't like being strong arm i don't negotiate with terrorists for me so yeah comes i'm an american um but yeah i'm definitely trying to negotiate more uh because just the
How long have you been there? Three years. Start off as a busser. You're moving your way up. That's really cool. Doesn't mean...
Buster Cashier started managing last year. And listen, again, we went the national average from the Bureau of Labor Statistics. For your town, though, it would be you're just outside of the DFA area. I'd be surprised if it's really that much lower in a median way, but it could be. It's nothing too crazy. It's a little small town or it's like...
It's a pretty big country town. So rents affordable around there. Like it's better than like Arlington, Fort Worth, Dallas. So the wage might be competitive with there. I know it doesn't vibe with you, but I am connected to resources. So if you ever want a course career certification through tech, I'm happy to give that to you. Okay, cool. I know that's probably not exactly what you're looking for in this position. Okay, quick silver card. Quick way to get...
Oh, good. We're basically at the credit balance again. Credit limit. $2,188.82 at a $2,250 credit limit. So good. Interest charging $53.54. Transactions $178.98. Again, that doesn't make any sense for a card that's basically at the credit card limit. And then we have a $75 minimum monthly payment, which is absolutely wild.
Just continues to stack and stack and stack and stack and stack and stack and stack. Again, it's an Apple in-app whatever purchase. Whataburger. Going to that Nickel City thing again. Going inside and getting some bullshit touch tunes. What the fuck is touch tunes? Playing music in the bar. You pay for that, you animal. What are you doing? Identity protection is actually probably important. An Apple purchase, another Apple purchase in Nickel City. What are you in-app purchasing constantly through Apple?
uh that might be roku uh more roku well like the subscriptions and stuff like that or um the other one was with buying more storage for like my phone well this one was 973 and then 2269 and then the first one was 540 on this one and then there were other ones on the other things oh what oh god yeah the 540 one's probably with the one that with
I'm buying like something for mobile game. In the game? What are you getting in the games? It's just like tokens. It's always f***ing tokens. It's always f***ing gems. It's like some like... How is that more important than paying off debt? Again, to remind you, to remind everyone, you borrowed $7,000 to get out of debt and you're buying f***ing in-game tokens?
That's what's more important than paying off your parents. That's what's more important than ever being able to retire. That's what's more important than ever being able to get out of debt. That's what's more important than your entire life is gems. Just like... Yeah, just bad coping. Cope with what? What are you coping of? Yeah, it's just a bunch of stuff. Like...
Like not happy with or try and be happy with what I'm doing right now. And what are you not happy about with what you're doing right now? I just feel like I mean, taking advantage of the workplace. Yeah. Have you looked for other jobs?
I thought about it. Okay, if you haven't looked, then I don't think you're being taken advantage of because you haven't put any effort into doing anything else. You're allowing yourself to be taken advantage of then in that case. You're allowing that. You're consenting to it in a way. I also just don't know what I would do. Because whenever... I used to do a bunch of stuff in my hometown. Like a bunch of different jobs. I was like camp counselor, worked at Bucky's. Listen, I'm not against...
what you're doing. You just have to say, hey, I know I'm being paid, underpaid for my current position and I have the statistics to prove it. I'm going to have to find another job unless we can, you know, hopefully meet in the middle here, come up with something. You know, it's a tough conversation, but then you actually have to stick up for yourself if they say no. Yeah. That's when you start looking for another job.
But either way, is that the f***ing issue? You're spending because you think you're being taken advantage of? I don't know. You're just spending everything on bulls***. What even is that right in front of me? What is that? It's smelling salts. So instead of buying Zins, I've been doing smelling salts. That's insane. Can Noah do it in the post show? Yeah, 100%. Okay, Noah, you're willing to? Noah's going to do it in the post show. Make sure...
Make sure to stick around for the post show because Noah's going to do it. Yeah. So I use that. That's enough. I mean. Is it addictive? I don't know anything about it. No. So, I mean, basically, like, if I go out and stuff like that, I'll take out to bars. And if I'm starting to feel sleepy. What does it even do? It's salt. It wakes you up. What is it? It's just basically like pure ammonia.
Oh, good. Well, that sounds good. It hits your system. That's what I look for in my life. Get rock and roll with it. You're going to need to sniff a lot of that because you have negative $53.56 in your checking account. I'd be sniffing that and working 90 hours a week. Why don't you have a second job at the very minimum, at least to make things count?
So currently looking for something that will work with my scene. I like apply to like small little gigs. So like there's been some restaurants that are like doing busing stuff because where I can just have like extra cash on the side or at least pay off like some other stuff. Four deposits getting to $2,899. Yeah.
Three debit card, bank card, PIN, POS purchases totaling $609.45. Other 32 other banking machine debit card deductions totaling $1,826 in here. Going inside a gas station, getting some bulls**t. Probably that.
First of all, I thought it was like a mini thermos or a major vape. Like, I don't know things. I'm just an innocent little boy who drinks coffee. No, yeah, this stuff will last for like six months. Oh, yeah, smelling salts. S-P plus A-F-F zone. Yeah. Smelling. I do like the payday or whatever. How long do you feel? It's just a...
quick little jolt and it just wakes you up again yeah because like with zins and stuff like that they'll make you they're supposed to like kind of wake you up a little bit but i have like adhd so whenever i take like but you don't drive home from the bars right i
Not always. But I also only have like... Drunk driving is illegal, sir. I don't care if you sniff a salt. No, I don't get to that point. If you're getting to that point where you have to sniff a salt, aren't you? No, not that. You're struggling to stay awake. No, not struggling to stay awake. Not that far. If I have to fall asleep, I go to a friend's apartment. Going to the bar, spending more money at your barbecue place, Domino's.
Spotify, you can listen to ads when you literally are negative in your checking account. I don't f***ing care what anyone else says. You can listen to ads. I don't think that's going to make anyone suicidal or something. Chop House. Going to the f***ing bar again. My gosh. Domino's going inside a gas station getting some bulls***. Hulu.
Ooh, for $97.41? Yearly? Quarterly? Something like that? Monthly. What are you? Is that cable as well? It's cable too. Stop. You do not have enough time. You should be working instead of watching things. You don't have money! You're negative! I canceled it. It's gone. Thank you. Going inside a gas station, getting some bulls**t, getting some restaurant.
Going to the gas station, getting some bullshit, getting some more barbecue at your own place, going to the bar again. You guys love that bar. Hey, you got some Pluckers. I love myself a holy macaroni from Pluckers. I do too. Getting a car wash. Yeah, I can tell. We both love holy macaroni. That's delicious. Car wash. I don't know. You don't need to be getting car wash. Stupid.
okay it doesn't snow down here no uh and i signed up for like where you get did you cancel it did you cancel it not cancel it i i cancel it i totally forgot about cancel it i'm going to cancel it i'm definitely going to cancel it because i've only used it once okay and then you went to the lone star bar you got some more smelling salts mcdonald's going inside a gas station getting some bulls**t
A live music venue called the Lumberyard. We're back. The Spice Rack Bar, Whataburger, and Spotify again. Okay. Oh, I signed up for a monthly or like the duo deal because... What's that? Where you basically like share... Who are you sharing it with? Me, like myself.
what because did i just hear because we're using we use the other account for like you and yourself well for the restaurant that i work for that where we play music have them pay for it i know i'm gonna bring it up i think they can pay for that i'm sharing it with myself is one of the more interesting things i've ever heard in my life and just transferring things back and forth
36 hours of Overdraft. Oh, good. Another 36 hours of Overdraft. You're a wild man. Let's break up. Sometimes for some people, I need to break out the Crayolas for them. So let me break out the Crayola for you. All right. Come over. Special little Crayola for a special little boy. What kind of color do you want? Pick your color. I'll do blue. Here's your little blue. I want you to essentially give me a pie chart. A pie chart like this.
I'm gonna call this BS spent. That's bad, red means bad. And green is death. You can use your little blue and you are going to give me a pie chart of how much you think
your debt was and how much you think or how much you spent on bull versus how much you think you paid towards debt net. Okay. Okay. I want you to there and put a number next to it. Guess like equate it with numbers. So if you draw it up to here and that's like 10,000, put that. And if you draw this up to here, that'd be like 5,000, right? Or like 10,000 up here, 5,000 here. So I want you to best guess, do a little exercise here. Okay.
Do some things. Like the little kids in your restaurant, right? We don't even give them. This is a luxury right here. We only do it right here at Hammer Media. Bar chart. I thought I said bar chart, but bar chart. All right. So let's do... Put a dollar. How much do you think that was? For BS spending? Yeah, it's your BS spending bar chart. That's a f***ing insane number. In a month? Oh, in a month? Oh, God. In a month? In a month?
All right. All right. Okay. Because I know that was difficult. Let's try again. You're going to put difficult. Blue just wasn't working. BS goes there. Pay towards debt goes here. For the last month, how much do you think you spent on BS versus putting towards debt net and then put it in a pie chart side by side? Okay. Bar chart. This month. Let's see. Okay.
So to be clear, you thought it was equal? No. Buddy. There we go. Yeah. And then I probably bow for right now. Okay. Okay. There's your marker back. Thank you. Thank you. Okay. School is not my strongest...
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Click the link in the description below and see if it makes sense to roll over your old 401ks and secure your financial future today. Did you go to college? I tried to. I just, school wasn't my strongest suit. I'm not good in school. Like, I don't do well in school. Yeah. At all. It's fine. I'm just not a test taker. This is not my thing. I'm about, like, learning a system and...
grind in and out and build and yeah all my so to be clear you think you spent 350 dollars on bull 250 net towards debt and you think that your layout was again that as of right now yeah okay well to be clear here's the actual thing i'm gonna let you look at this for a second okay and we're gonna put it on
So let's fill up the pie chart for you guys. At the bottom, other BS spending, just bull, stupid gas station crap that doesn't matter. $487.19. Whataburger, $122.96.
Going inside. Oh, sorry. This is going inside a gas station and getting some $141.39. Domino's was $150.75. And the Nickel City Bar was $271.30. The other was just everything else combined. That wasn't one single spot that you're going to over and over again, which was like Whataburger, the QT, Domino's, and Nickel City. So it's a total of $1,173.59 on both. Who thought $350? Yeah. Yeah. Yeah.
uh net debt you thought 250 it's 181 ladies and gentlemen look at these pie or look at these oh it's okay i'm a little i'm a little i didn't die i didn't school no good either look at these bar charts next to each other this is absolutely insane this is what what you've done here is absolutely insane you're i mean you're killing yourself you don't have retirement do you have a savings account no okay you're just you're killing yourself
Like it's actually scary. I know we joked around here a little bit, but that's like actually like scary. Like for your future, that's actually, that's terrifying. Look at it, buddy. That's your f***ing connections. Yep. That's my... And then this is what you thought it was. Yeah. Pretty delusional. Or just, yeah, just stupid. Just haven't like actually like looked at the numbers and like, yeah, yeah. So...
transportation was 35.1% of your spending or 1,812. Yeah. I'm moving into a new apartment by the end of the month. And it's like a five minute walk to work. So I plan on walking a good amount. Extra miscellaneous BS that we didn't even put in that going out to eat column. It was an additional 9.6% of your spending or $495.
Like again, your pie charts just as crazy, man. That's ridiculous. It's crazy. When are you moving out? When did you just say? I move out June 1st. So you know what your rent will be? Yes. What will your new rent be? 1200. What is your current? 1200. Okay. What's your current? 750 for the room. Big increase. Utilities. What do you think it's going to be? Probably like another 200 maybe.
Internet 50, 60? Internet should be about 40. And then I'm going to cut that storage unit that I have right now because they have an indoor storage unit because I got a studio. That's a studio? Where? I thought you said it was a cheap town. It is, but it's a brand new... You can get a studio cheaper in Austin. Notoriously not a cheap town. Yeah. It's one of the cheapest, though, in the area, though, for...
but yeah they have an indoor storage unit that's like for 30 bucks gas driving vroom vroom how much right now um i probably not much what's it gonna be probably if i had to put a number on it i would just say like like 100 if i'm going out still car insurance right now is 150. minimum monthly debt payments is 632.89 did you know that
What was it? Sorry. What do you think it is? For minimum. Your debt minimum monthly payments. Altogether? Yeah. Probably like five or 600. Okay. That's because you just heard me say that. $632.89. What's your phone bill? Phone bill is 150 right now. Why does everyone have insane phone bills? But I am on my last payment. Good. And then switch over to helium for $20 a month. Will you actually do that so I can put it in your budget? Yeah. Good.
Because that'll save you a lot of money. It's the same as towers. Yeah. Okay. TP fund, anything else you need to survive in life, you'll nail that down in the budgeting course that you're going to go through, which everyone should go through, by the way, if anyone needs help budgeting and sticking to a budget. Go through that. You'll nail that down. $300 for groceries. Follow the meal plan in there. Medical or healthcare, anything outgoing? Gym? I have a gym membership, but I'm canceling it because the apartment has a really nice gym. Subscriptions. Yeah.
Do you have pets? No. Okay. No subscriptions. I only have one. Buddy, you have like a billion streaming. Yeah, I canceled all of them. All. Including Spotify. You can listen to f***ing ads. Okay. Even your restaurant can listen to f***ing ads so the f***ing people can f***ing pay for it. Anything else I need to put in your budget to survive? I don't think so because, yeah, I don't have like any other stuff going on besides like going out and all that, all those things.
Yeah, you and your friends are having nice inside hangouts or they're paying for you. Just explain your situation. Let them know what's actually going on. And more people would be supportive with it than you'd think. And if they're not, then they're not actually your friends. When my friends are like, you know, like I'm like, oh, let's go. Let's go be fat at a restaurant. Like, you know, it doesn't really fit in the budget. I'm like, let me pay for you if I really want to go. Because like, you know, if they can't afford it, they can't afford it. But I'm like, I want to have this experience together. So we do it.
Okay, income that came in... Wow, sh**. That's less than I thought. That's not good. $2,899, which has given us basically no wiggle room and $0.12 minus...
What you need to survive minimum is $2,742.89 because you just got an insane rent for your situation. It doesn't make any sense. You don't have a car payment, right? No. Thank f*** your car. 2013 Toyota Camry. Okay. Miles? $193,000. How's she doing? Good. After I got all my repairs. Good. Because the mechanic, I've been going to him for like three years. He said either...
make these adjustments or you get a new car he's like it's going to cost you but you get these fixes it's your long it's your long-term baby and then like so on so forth so i just went with that versus getting stuck with a new insurance new car payment all that stuff so you're not going to use movers are you in this new place i thought about it don't don't
Don't. Build some muscle. All right. You have friends. You told me. Yeah, I do. They'll be willing to help. At the U-Haul, it's much cheaper. $156.23 is what you have left over. So, I mean, it's really not an option. With that situation, the debt that you have plus the mom is $33,749.52. Divide that by the leftover money you have without having a single cent of fun, which is basically impossible, would be 216 months.
Or 18 years. Is it going to be 18 years until you pay off your debt? I don't want it to be. Is that how it's going to be? Until you start retirement? Until you start an emergency fund? No, that doesn't make sense. So you either need to get a better job or you need to work a second job. I need you to bring in a minimum of an extra $1,500 a month. Minimum. Minimum. Minimum. Minimum. You're young. I'd like to consider us young. You have...
more energy than you will in years to come. Use it now. Pay off the debt now while you have the opportunity to. Bring in an extra $1,500. You bring it down from whatever that is to 22 months or basically two years. I mean, come on. 18 months or 18 years or two years.
I prefer two years. Yeah. What do you prefer? I definitely prefer two. Okay. And are you okay working 60 hours a week to get this or finding another job? Wait, how long have you been AA GM? Last week. Nevermind. You're not going to be able to utilize that much to find a similar job. Right. Because my old GM left.
So it's just me and the other GM right now. So we're basically cranking every single day. It's going to be hard to shop for a better position in that same kind of industry with only a week on your resume. So you're likely, that's why, that's why I'm kind of staying right now. It's just to build a better resume. Um,
Work another job, buddy. Bring in an extra $1,500 a month net. Because we have a set schedule, or at least the way that my GM is set up right now. He can only work mornings, really. So if he's okay with me, I'm going to have a conversation with him, too. It's like, hey, if I can come at 3 or 4 to work the night, then so I can work this AM job somewhere else. Yeah.
Yeah, I need you to work an extra 60 to 70 hours a week. Yeah, because that's what I mean. By the way, how are you paying for a security deposit on the new place? You're negative in your checking account. I put aside some stuff. I put aside some money. So you do have money. But you're negative in your checking account. But you have money on the side? I do now. What do you have? Right now, I have $50 because I paid for the deposit and
Oh, you paid for the deposit. Yes. How much was it? It was $250. $250? That's all? $250 with fees. Was it a security deposit? Yeah, because my credit checked out good. But even still. Yeah, I was able to get a good deal out of it. Okay. All right, so let me get your Hammer Financial Score.
spending your budget it was absolutely ridiculous and you didn't even know how much you were spending and oh yeah you're a negative checking account and you like yeah okay and you had to put off a payment okay yeah crazy zero out of ten debt nothing in collections no borrowing from her parent definitely not good i'm excited to see no one sniff that post show your dad i'm gonna say one out of ten because it's pretty bad for your situation
but you don't have collections or IRS debt. Emergency fund, there's nothing in retirement, there's nothing in real estate, there's nothing. I'm going to be generous. Hammer Financial Score, 0.5 out of 10. Make sure to check out all the resources linked in the description below as they are what I use or would use in specific situations, including the best budgeting program in the history of the internet and a one-on-one financial coach who can help you if you need extra help.
Make sure to stick around for the post show. Today on the Financial Audit Post Show. Noah, have you ever sniffed the salt? No, I've never sniffed the salt. So, level 17. That's the highest. There's f***ing 17 different levels? What the f***? He looks f***ing insane. But yeah, you're leaving... I was going to say, you're leaving the cap open. Oh, f***.