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To watch episodes of Financial Audit a week earlier, check us out on YouTube. Hi, my name's Wyatt. I'm 23 years old. I'm based out of Kansas City, Missouri, and this is Financial Audit. What do you do for a living in Kansas City? So I do private security.
basically people pay me to fight for them all right you're just beating up i just i just fight hobos oh oh okay or i just watch people and um just call the cops okay that sounds more like the security i know the people are just like oh i do both going on let me call the real people i do both cops as well
No, I don't beat cops up. What's wrong with you? Sorry, I thought maybe you were also saying you're a cop. No, I am not a police officer in any way. I have no intentions of becoming one. All right. Okay. I wouldn't have cared if you did. So how many hours a week do you work? I work 40, sometimes 45 hours. It really depends on how the week's set up because I work a weird shift. Are you hourly? Yes, hourly. What's your hourly?
My hourly pay is $20.60 an hour. How do you feel living off of Kansas, Missouri in this? How do I live? Yeah, or how do you feel living in Kansas City, Missouri on this? It's fine. I live comfortably, but sometimes I like to... What? Did I do something wrong? No, I'm listening. Oh, okay. Yeah, it's comfortable. Sometimes I might splurge too much. Yeah. A lot.
on like food like chick-fil-a is you're proud of that like no you're just being a cheeky little cheeky boy yeah everyone likes to be a little cheeky i don't want to cook okay well well that highly depends on your situation if you can afford not to cook like don't cook bro right yeah like are you entitled to not having to cook like what's your mindset on that well we can figure that out but
Like now? Sure. Due to my schedule, since they took away 24-hour stores, it's really hard to go to the store, buy food, stay in line, all that. So it's just way easier just to go out, buy food, eat. So 40 hours a week, how many days a week? Five to six. So I work nights. So the 7th, you can't go to the grocery store? So I work overnights. You can't run an errand? I work overnights. Okay. So when I go to bed, they're closed. When I wake up, they're closed. But you still have...
The next day off that you could like wake up a little earlier, right? I don't really want to do it. Sleep's important to me. I'd rather sleep. Okay. Why do you have that? Are you like... I mean, that's... Honestly, that comes across as a little like fake, like how you're making a joke. Are you? I just prefer to sleep and then get up a bit earlier. That's fantastic. Like awesome...
Didn't you serve in the military, if I'm not mistaken? Yes, and I already did my time. I'm done. And you have no discipline left? It's exited your body? It's not required anymore. Isn't it required to get groceries if you can't get groceries because the stores are closed? Then it is required, right? No, it's more of I don't have a boogeyman with a gun to the back of my head. The boogeyman? Oh, it's big army. You do what they want you to do. If you don't do it, they're going to really mess you up. Oh, okay, okay. But this time it's the dad.
yeah so your situation give us a little rundown what's up what's up with your life so i make about i don't know like 70 80 000 a year continue i mean so far with what you just gave me it would equal more like 40 to 50 000 a year so i'm a little confused unless you have another job that you didn't tell us 20 an hour 40 to 50 hours a week yeah so i also have a medical settlement that'll be getting for the rest of my life
Oh, okay. Through your military time in the military? Yeah. Gotcha. And how much is that on a monthly basis? That obviously that moves. That is like $3,758.59. Just about? Just about. Maybe off a couple hundred or a few cents. Okay. Okay. What happened? I just got some injuries as well as some illnesses that developed from my service. Can I ask?
No, I can't really give too much detail. It would affect my life. Okay, sure. So with that, obviously that then dramatically does improve your income. So $20, let's say 45 hours a week to just meet in the middle. Yeah, it's about $86,400 a year. So what came in this last month, payroll was $2,929 and the VA was $3,870. Okay.
So total of $6,799. So, okay, when I ask how do you feel living in Kansas City, Missouri on this income, obviously more than half of it comes from the VA. Yes. Okay. So, I mean, that makes up for it. You're living above the median household income. At your job, you're about $3 below the median hourly for people working in security. But again...
More than half of your income. $3? Below, yeah. Median across the country. Median's at $47,885 a year, $42,848 a year if we do that. I need to step up my game then because that's no good. I need to be making more money. That's the median. Yeah, more is always good, but I mean, you're pretty close to the median, so... It's not good enough. Sure, I like that mindset. That's good. What do you...
Okay, what's your plan around that? You seem shocked by this information. Well, I was under the impression that that was the highest paid. Maybe in that company or that branch or whatever. Yeah, and that's the media. Kansas City could have a weirdly oversaturated security market which drives down the wage in that city. Oh, because crime is so high and it keeps going up, so job security is perfect. Okay, so it wouldn't be that then.
Okay, you just seem shocked. So I'm How long have you been in this industry? So I've been About two years first six months. I did unarmed then after I saved up some cash and
I think $4,000, $4,500. I bought some equipment, which is really mad because when I had an interview with the employer, they told me they weren't going to let me rent their equipment. But when I got into the interview process, everyone else got to rent it. And I had to buy all my equipment out of pocket. And with this income, you were actually really proud of this in your application and pre-show talks. You were very proud of this income. So I think you thought you were above the median. Yeah.
Like you were like almost bragging about it. Yes, I did. But where did that come from? Where'd that like hubris come from? That hubris? Cause I'm on my own little bubble, right? I don't have time to, to Google, to Google. Yeah. Five seconds. Okay. It's like, we don't have time to go to the grocery store. Exactly. Okay.
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Just from your facial features, the little bit of twitch you have in the mouth and your little cheeky smile and things saying like, oh, I don't want to go to the grocery store. It's just a little difficult to sometimes get something done.
in to your conscious thoughts for you to like act on and change some part of it is i'm a little bit camera shy yes yes which we should all take into account we should all take into account that's true i know people are some people are they're all actors are you an actor sir no okay yeah i don't know you know it's a weird place they get in their own little streams of thought
But, yeah, no, that's fair. Camera shy. And if you want to come on the show and get a financial beat down, if you needed that little extra help, and even if you're camera shy, CalebHammer.com slash apply. So your debt.
You're in a lot of debt. Okay, we'll go through it. I would like to hear from your own just perspective of knowing your finances. Give me a score, zero to 10, zero being the absolute worst that's out there, 10 being the absolute best that's out there of a financial scale of where you think you are today.
I think I'm around a seven, but there may be some areas where I could definitely improve. But seven, you think you're above average? You think you're on, you think you're like moments away from being like the best of the best of the best of the best finances? Well, I own a house and I'm 23. Is that everything? And a car. Oh, you have a car. Yeah. Oh, like every American.
Touche. Okay, because you have to have a car to survive in this country, essentially. The house thing, that is pretty awesome. Did you take advantage of like a... So I used the VA home loan. Okay, so it's much easier to get in the door that way. Yeah, so basically, whatever the requirements are for your military service on your contract, sometimes it's three, sometimes it's four years. Basically, once you get out, you just need to have the income to show that the VA...
or the lender it's like hey i can afford the mortgage payment yeah but you don't have to put anything down no which makes it much easier to get in the game i mean that's not discrediting at all being a homeowner because you are taking on a lot of risk and you are doing a lot of things it still takes a lot of responsibility uh but i think that probably did help did it not oh yeah okay you're shaking are you are you okay
You look really nervous. Oh, yes, I'm nervous. Okay. Just want to make sure. I'd be nervous after giving me a 7 out of 10 because that's obviously. If you want your score, Hammer Financial Score, it's free. Link in the description below. So how did you get into so much debt in the first place before we start going into all this? Oh, yeah. So about halfway through my contract, I kind of got addicted to s***. Addicted to s***? Oh, it gets worse. I've never heard addicted to s***. Okay. Sorry. Go ahead.
So about 80-90% of my income was going to support these strong independent women or help them pay for... 80-90% legitimately? Yeah, about that. What is... How do you... I get my paycheck and I go to clubs and just... Like how much was your paycheck? About... I think it was from $1,000 to $1,200 a month. A week, every two weeks, I mean. And you just...
Yeah. Get them in ones and let it fly? Oh, yeah. Were you paying to have sex with them? No. Okay. It's illegal. I catch a felony. Well, yeah, no shit. But that's a lot of money to spend. How do you spend that much at sex clubs? So usually how it works is you got money for dances where you just fling ones on them. Or you could go pay for private dances, which is about three minutes.
It varies. Three minutes? Yeah, it's usually the length of a song. What do you even... Hide the kids for a moment. What do you even get from that? I've never been to a strip club. I'm boring. You want to go? No. Come on, it'll be fun. I'm okay. But what, like, it's a dance. Are you a virgin? No. I was going to ask someone who spends $2,000 a week on strippers if they're a virgin. I don't have to pay for my... Well, I just think about it like this. It's way easier just...
To pay some s*** to give me fake attention, then go try to spit game. Okay. I can just go through them one after another and I don't have to worry about, Hi, my name's Jessica. Yeah, but you don't get anything emotional from that. You also don't get anything, like, conclusive. It's purely for the lust. Yeah. Like, it's an endless edge. Um...
I guess so. But you went into debt for this? That's why I'm a little confused. Yeah, so I had a credit card and I think it was about $5,000 or $8,000 that I took out and it's just been on s**t. No. That's wild. It's an addicting thing for some people. So it was p*****. And I guess it just wouldn't be surprising that this thing that's adjacent to all that could be considered addicting. Do you do this anymore? I don't know. I stopped about maybe three or four years ago. Was that hard?
It was difficult. Did you like wake up one day and you're like, I don't want to be in a stinky, sticky, smoky area with fake that have no emotional connection to me? Now, what made me quit was we were doing a mission and I lost my cat car during the transit. It's your little military ID. Okay. So you need it for everything. Sure. So basically, since all my money was going towards, I lost that. I had no money and no way to eat.
So I just starved for like two weeks. And the starving was an awakening to no longer see people on poles? Yeah, it was a wake-up call to, it's like, hey, maybe I shouldn't spend this much money on street. And maybe have some cash. Is this Navy Federal right here? Is that some of, is this leftover street? No. I paid all that debt off. You did. And then you went into more debt. So what the f*** happened then?
So what even is this? So what is this? Because it's sitting near a limit and you do not make insignificant amount of money. So Navy Federal, $7,092.23.
What are we doing? How'd you build this all the way up? $380 of purchases, even though there's $105. You f***ed 7 out of 10? You f***ed me with a 7 out of 10? Yeah. Yeah, I better cope laugh about that. $105 of interest accruing, $380 of purchases, but we only did the minimum monthly payment, and now we're only a couple hundred, a few hundred dollars away from the balance being at the max for that one.
Yes, for this one. No, the one I'm talking about. So what the is going on here? Why is this this high and why are you spending money on it? So I don't really know what I purchased on that. What are you trying to do? What are you here for? What do you want to do? Where do you want to get to? You don't even know where this what this does, like where your money comes from on this. Will you spend like what are you trying? What do we want to get out of this conversation? So usually.
I take approach of just stockpiling cash. I really don't want to pay back my debts. Stockpiling? Stockpiling is... You can't pay this off. I know what your savings are like. You can't pay this off. Stockpiling cash you brought in...
$6,799 last month. You spent $8,562 stockpiling cash. Stockpiling cash. You spent. You flow it out. It's like the never went away. Those ones are flying. But instead of ones, now they're hundreds. Now there's legitimate reasons for that decrease. So I was getting my house appraised because I was going to get like...
$30,000 cash deposited and the credit cards paid off from the equity on my home. No. Why? Okay. So it was going to be like 5.23%.
I think $40,000 or $50,000. Well, that solved your issue though because you already paid off the stripper debt. Now you're right back up at the credit limit and you can't stop spending $380. Your balance is from $6,774 to $7,093. How is taking out any kind of equity from your home and transferring the debt to there going to help here because you're just going to spend all your way back into it as you've already done again. So how does this actually help? So it would get rid of the credit card debt? Yeah, no...
And then I would also have a large pile of cash just in case. Cash? Why do you? Okay. Just make a big old pile of cash. Why do you make $85,000 a year? I'm impatient. So we take out leverage. Take out leverage. Against a house that already has a mortgage. Yeah. And then the credit cards go to zero and then right back up to $7,500 probably because your behavior won't have changed by you doing that.
You just moved the pile. But most of the money would have just sat in the savings account. What enough? Because you just spent, again, you spend more than you make. And then on here, buddy, it's $126 from Twitch. Oh, and then another $249 from Twitch. The f*** are you doing on Twitch?
This better not be to the virtual versions of Strips. So they're just twerking ass and they have their live stream on their ass because they have green screen booty cheeks. Okay, first off, it's more wholesome than that. Second off, I'm a Sigma male. I can just go to a strip club and get some booty that way. So I don't need OnlyFans or... It's not getting booty. It's looking at booty, to be very clear. Well, you get to touch it. You do? Yeah. As long as you don't put...
Any fingers in any holes where you bite them, you can touch them. Those are the two, bite. Whole finger? Yeah, you can't lick them, you can't bite them, you can't put fingers in any holes. Good fuck. Stop being such a deviant.
What do you watch on Twitch? So the Twitch only was $400. Three separate incidents. Of $400. Yep, go ahead. So what I would do, there's, what's his name? Pirate Software, whatever. Anyway. What? It's a streamer. Okay. And I would just go onto YouTube and just crash his UI with donations. Is that a good thing or a bad thing? It's only happened three times. Because he's getting money, but it's crashing. So I don't know. Is that a good thing or a bad thing?
It's entertaining for me. No, is it good for him or bad for him? I don't know. Do you have no empathy? I think I got empathy. Your little cheeky little smile, it is beyond interesting. That's not the word I wanted to say. Sexy? Absolutely not the word I wanted to say, which is why you have to go to street stores. So the first instance was... You spent $400 to virtually have fun. So in total of $1,500. Someone?
Over the course of when? 1500 over when? This month? No. This previous statement? No, it caps out at 500. Per month? Per day. Then that didn't f***ing negate what I just said. So 1500 this last month? So 500 December, I think January, February. What does it do? It makes me feel good. No, what does it f***ing do? Just explain it to me because I'm a little stupid. So when there's a live stream, there's memberships. Oh, yeah.
You can donate memberships to other people. What I would do is go on, spend $500, give like two, maybe 300 people memberships. They'd immediately leave. Okay. I'm so confused. What is that? What's the outcome of that? It makes me feel good inside. What's the entertaining part of it? Oh, it's like the gifting. The gifting aspect of it? Okay, so you feel good giving.
But you talked about this crash thing, so that's why I'm confused. Crash thing? Yeah, you said it like breaks his... Oh, yeah, yeah, yeah. So it's so much so fast it just breaks the YouTube UI. Uh-huh. How long is he down? The entire stream. Yeah, he can't restart? I don't know. I'm not around long enough to see. Okay. I don't get this. Why is this worth literally taking... Buddy, you're taking equity out of your f***ing home to do Twitch donations.
Do you understand that? That's how this is working. You know how absolutely borderline aggressively stupid that is? Aggressively stupid. Why can't I say you gotta... Shut the f*** up. You're being a little... Are you taking this seriously? What are we doing here? You gotta be a little yellow. What the f***? Are we doing this thing or not? Yes. Okay, why are you being a cheeky little f***? I don't know. So, you do this for some...
Interesting version of entertainment. I'm not going to judge the entertainment aspect of it because we all have our own things. Like, we'll look fine to judge that. But this is expensive, man. It's just going to debt. It's like someone going into $500 of debt for, like, movie theater things and just getting closer and closer to maxing out their card and then having to take out home equity. Wait, is that on? That's the credit card with that?
Yes, the one document we've talked about 24 minutes in. So that was a mistake. I don't know what happened. I meant to do it out of my checking. Yeah, that checking account is f***ed, by the way. But if you're not a credit card person, if you're going to use the card, use the Fizz card because you do not know how to use cards. It's a charge card. It's better and it actually helps you build credit and not f*** yourself like you are right now.
Amazon Chase card. How'd you get into that with this? Let me guess, Amazon. Yeah. What are you getting? So I had purchased a bunch of stuff when I first got the card, a bunch of books, a bunch of computer parts. Do you have that still? Yep. Can you sell it? Yes. Will you sell it? Some of them I will because I don't use them. How much value if you had to sell it today? So I got a 6,600 motherboard, some...
RAM. Oh, you got the Wham? Wham, yeah, I got the Wham. But maybe $800 with a computer component I could sell. It's not insignificant. I'll save that $800 for later. Still purchases on here, man. It's only $16.11, but again, we're just barely making any progress. I mean, at the end you only made $20 of progress, even though you paid $112 to it, but because of your purchases and $79 of interest...
The balance is $3,756.29 with a minimum monthly payment of $116. Why purchase, man? Because again, whatever you're purchasing, you're really in a way with what your plan is, taking equity out of your home in order to do Amazon Prime purchases. Taking equity out of our home for Twitch donations and Amazon Prime purchases.
That is a sentence that no one should ever say. So I think those are more impulsive in there more in the past than what was recently with the equity. I think I've grown a little bit from recently in the past. What do you mean? The buddy, this was the last statement. The fuck are you talking about? This is your last statement of existence. Yeah. So usually I, uh, splurge out of my checking instead of credits, credit cards, but, huh? But it doesn't matter. This was your last month and we've been through two credit cards. You're putting balances up. One of the balances increased, right?
One only made $20 a breakfast even though you put $120 towards it in terms of payments. So what the f*** are you talking about, buddy? I'm not going to let you just bullsh** your way around that and be like, oh, it's okay. It's okay because normally I don't really do it. You're f***ing right here. What am I supposed to go off of other than what's in front of me? I think maybe I've been making a few mistakes. Why? Let's get to the bottom of it, buddy, or how are you going to change anything? Probably impulsive, but...
If I were to pay off the credit cards, my biggest concern would be it would damage my credit score. So can I just record a clip and just place it in this moment? How many times do I have to? I'm bored of that conversation. That's okay. You said the meme. You said the meme, didn't you? Okay. What's your credit score? It's like 700. Can you show me that on any app?
Yeah, I think I can. Okay, let's see. Oh, I powered off my phone. You powered on. Okay. Now, you already have a mortgage. So what kind of debt are you trying to take out in the future? On the house? Any debt. So I can't take out any more debt because I've reached my maximum credit limit. So basically, I can't borrow any money. And why the f*** do you care about having a credit score continue to go up?
You already have why most people try to have a score up. Oh, so unless you're trying to buy multiple, multiple, multiple more houses, which I don't think is your plan. Unless I'm not aware of something. So tell me the consequence of this might be your credit score takes a hit because your credit age goes down. What does that actually affect for you?
I feel like my safety net would be credit cards, but I'm starting. That doesn't make sense. Why don't you use some of your $85,000 a year and have an emergency fund? Well, I do have one. Well, not a fully funded one. You have a couple thousand bucks. It was at $5,000, but some stuff happened and went down to $2,000.
Okay, yeah, that's not an emergency fund, but you're going to rely on credit for emergencies? So I've gotten away from relying on credit so much for emergencies. Now it's going to the savings accounts. Uh-huh. And even if your credit score remained high, what emergencies could you put on these credit cards since they're basically all maxed out anyway? Yeah, I kind of see the point there.
Okay, so that's why I'm do I care about your credit score going down if you can't manage credit card debt Isn't it more beneficial to your life in general to not have the ability to go into credit card debt? Because this is hurting you more than it's helping you Whatever positive benefits of having good credit are in your situation are completely negated by you yourself constantly You're shaking again. Are you okay? I'm nervous. Okay, that's okay That's that's normal
Usually people like start nervous and then they get a little more comfortable, but you're like falling back into the nerves. I think it's just a phase. Okay. You like, I don't know. You served overseas, man. I did not. Oh, I thought you said you went on a mission. Oh. So when President Trump ordered federal troops to reinforce the border, that's where I went. But I think the two weeks to start, that was just regular training. I think maybe Bliss or NTC. I don't remember. Can I see your credit card?
I'll give you one chance to redo your financial score if you'd like to now that we've been through two cards and realize how absolutely stupid you've been with money and how stupid your position is. Would you like to revise your score? At least make me hope you're learning something. I think it's maybe a five or maybe... Tell me. Let me see. Or maybe a six because...
I did start trying to fix some of the behaviors in the past. Yeah, but are they there yet? And starting. What do you mean by start? Buddy, I've been dieting for two weeks. That doesn't mean I can say that I'm successfully dieting. I think you are. No. Why? For two weeks? Yeah, you look pretty good. You don't know what I normally look like. What are you talking about? The camera doesn't... Well, I don't know. Who knows what I look like in person versus on camera?
I guess you could say, but I like them thick. By the way, guys, we recently launched two new shows that I think you're going to love. First is your weekend money. During the show, I break down major economic business and financial news that happened this past week and then give my own personal weird and hopefully humorous take on them.
And the second is our financial audit follow-up channel. They're just quick, casual conversations with people who have been on the show, seeing where they're at and what we can do to make sure they get to a better place. We aim to have those episodes posted most Thursdays of each week. And for your weekend money, right now they're being uploaded every Saturday morning for you. Make sure to check out those channels linked in the description below. Can we talk about your little joking? Because I'll be honest, it's going to piss people in the audience off.
I know the audience pretty well. I don't want them to come after you, by the way. It should be nice. Only I have permission to be a little... But, like, can we talk about it? Like, is this your natural coping through tough situations is to make, like, silly little jokes and pretend like, oh, this doesn't impact me that much? Has that been pretty common throughout your life? So I think it's probably a combination of being camera shy and kind of having to...
force myself to come to reality with these issues. Okay. Really all I care about in the end is if you're actually taking things to heart and you can make positive progress. I know sometimes in the moment for me, I'll use myself as an example. I try to be an open-minded person, but even when it comes to being confronted with things, I can be defensive in the moment. But one thing I at least try to pride myself on is
I'm pretty okay at going back and reflecting in solace afterwards. And if you're defensive in this moment, okay, natural human instinct, sure. But as long as you're walking away and you actually get something from this, that's what matters. And yeah, it's $6.95. Mortgage is carrying a lot of weight. Credit card usage is 91% though. So I do think I've improved over the last –
18 months because before... What were you before? Well, I didn't have any excess cash. No savings. No investments. Nothing. Okay. I was spending everything. But now I got a little bit of cushion. So... Yeah, you're spending everything on... Right. Yeah. I stopped. I know. That's why I said we're. I got better. Okay. Yeah. Yeah. No, just fantasize about it.
But a good joke again. I'm starting to slowly improve, which is good. I'm not stagnant. I'm not getting worse. I'm getting a little bit better, but it takes time. Did we not just go over the fact that you spent almost $2,000 more than you brought in, though? In the most recent month.
Yeah, that was for... And that's considered better. The house repairs were $1,000. Happens. $450. You took on that responsibility by being a homeowner. Yeah, $450 was for the appraisal. Then I think $2,000 or $3,000 was for vehicle repairs. Vehicle repairs for the f***ing thing we're about to go into? Oh, that is next on our list. Because this thing's stupid. This is beyond stupid. You're going to have it in here or something? I know, like legitimately. Because a 2018 Dodge Durango...
What is the bounce? What's owed on this? I think $35,000. Okay. Buddy, imagine if you didn't get anything for the injuries. Well, the home was an impulse buy. Yeah, okay. You said $34,000? About $35,000. $33,677.
And the interest rate's 11%, which is just, again, gross. So when I was going through that phase, I had decided on impulse. Real men do this. I decided that I wanted a sports car. So I went out, purchased a 2019 or 2018 BRZ. Just came out of nowhere. Sure. And then I got into a wreck while I was closing on the house and I had a choice of
Fix the vehicle or go through with purchasing the house. And I said, purchase the house. So I had to get another vehicle. What? So I had to carry over $11,000 in negative equity to that vehicle. And I was the only vehicle. That's insane. At 11% with $884.94 minimum monthly payment. That's...
ridiculous for a Dodge Durango, which by the way is only worth. And we checked $14,706 and you owe $33,677 on it. Yeah. So when I bought it, that was the only vehicle that would hold that amount of negative equity on it. So it was my only choice by the house.
Or fix the car. That doesn't sound like you're in a position to buy a house at that time yet, though. Sounds like you rushed into it. And you made a potential irresponsible purchase. Not that I don't want you to get into a house. So it was impulsive because the apartment... That's a different show. So anyway, I was living in an apartment and some Germans moved in and they brought bed bugs. So I didn't have any furniture and I was sleeping on the floor and they were just crawling on me. I was sick and tired of it. Okay. So I decided I'm going to buy a house. Yeah, I don't think buy a house is the only option.
But I get what you're saying. It was impulsive. Yes, yes, yes, yes. There it is again. LendKey, what is this for? That's a student loan. So when I got out, I went to college. What about the VA benefits? This was before I got them. You rushed into it before you got them? What do you mean? Whoa, whoa, whoa, whoa. What's it called? What do you get for serving in the military? What's it called again? GI Bill. Yeah, what about the GI Bill? So that money I pocketed to help pay for the living expenses while I was going to college.
What'd you even study? You're a security guard. I quit going to college. I'm done. How long did you go to college? About two years. What'd you study? Business administration. I don't know what you took out originally, but right now... It was $5,500. So it's gone up? Yeah.
Oh, because of, oh my God, if there's a $25 minimum monthly payment, that's not ever gonna make progress, but you think you're in a position to buy a home? What does that make sense? It doesn't make sense. How does that make sense? It doesn't make sense. $6,777.90 is what you owe. And this is at a 10.39% student loan. That's wild. And the minimum monthly payment is $25, which is, that's ridiculous. That's ridiculous.
That's ridiculous. It's a 12-year loan. It's a 12-year loan. But you thought you were in a position to get a $900 car payment and a home? Make that math add up for me real quick, because that doesn't make sense. So at the time, the home and the car was more of a dilemma at the time, even though it was pretty f***ing stupid. And you were pocketing the GI Bill? No, no, no, no. They give me like $1,500 for housing allowance.
Yeah, yeah, yeah, yeah. Okay. So, utilities. Oh, that's not included. So I need a little cash to establish myself on the civilian side. So this is for two years of college? Yeah. Just like anyone else who comes on this show, I'm happy to utilize my resources and gift you a tech certification through Course Careers. But, again, you dropped out of college. I don't know what you want to do. This is a f***ing note, that minimum monthly payment. Also, you wait. But the car loan was aggressively stupid as you're... As, like...
The value of it is like what? 30% of the loan. And you said it, you had to put $2,000 into it this last month. Yeah. Just basic maintenance. $2,000 of basic maintenance. Yeah.
Yeah, so from the Subaru BRZ, I neglected the maintenance on this. This vehicle, I am on top of the maintenance. So you can get rid of one. I had to trade the BRZ and get rid of it completely. Oh, that's what I thought you said. Okay, but you made it sound like you still have it for a second. No, so it got totaled and the maintenance was neglected, which cost me like $8,000 or $9,000 to get it fixed.
So it got totaled. It got totaled. Uh, through what? Uh, I got rear ended insurance. So I didn't change the oil frequently. Didn't do maintenance. So when it got totaled, the engine just felt disrupted after it got out of the shop. Did you try to any kind of insurance? No, the insurance happened after a wreck.
So the wreck was mostly cosmetic on the rear of the vehicle. The damages were like the engine blocking. I get it, but it was right after the, it was at the accident though, right? No, it happened after I got the vehicle back for the mechanics. And what did you talk to the mechanics about? I said, basically you didn't do maintenance and you destroyed your vehicle, but I'm on point with the maintenance. Why didn't you just change the oil like an adult?
Sometimes you forget. Yeah, I'll do it tomorrow. That's a lot of tomorrows. To get to that state, that's a lot of f***ing tomorrows. Yeah, but with the Dodge Durango, it's like I'm on top of the majors. No, that's a lot of tomorrows. You just dodge past that. That's just a beyond sign of irresponsibility. Like, yes, I get it. I've delayed oil changes when I had a car with a motor engine. Thank goodness I don't anymore. That was a lot of work. But...
I just did it. I put it off for a few days, put it off for a few weeks. Then I just went and took 30 minutes to get my oil change. Like, I don't know. That just kind of speaks to your character a bit of irresponsibility, which is another reason why I don't think just wiping your debt while transferring it through taking out equity from your home is going to be what actually fixes your position. So with the Dodge Durango, I'm on point with the maintenance. I don't neglect the maintenance anymore because I learned my lesson from the BRZ. So what costs $2,000?
So the brakes, the tires. Oh, new tires. Inspections. Sure, sure. The tires were like $500 a single one. We'll help you learn how to budget all that going through our budgeting educational program. That's really important too because you really got to map that out. So we're going to put you through that and I really want you to go through that. This is the mortgage and obviously the balance and the interest rate on this is absolutely fantastic. You had it appraised. Have you gotten your appraisal back? $100,000. So after any kind of closing costs, what are you hoping to walk away with?
So it came under. Loan didn't go through. It was like, I think, $40,000 short. So on the appraisal... So the whole plan that you were talking about isn't even a possibility, even? Yeah. What the f*** are we talking... What was half of this conversation then? So I explained to you why the money went down in my savings account. Yeah, that's right. That's f***ing wild, dude. That was the...
purpose of me taking my money out of the savings account to pay for these repairs. How long did you buy this house? I think 22, 23. Yeah, no, 22. And four years later, you already wanted to take... Did you put any work into the house? Yes, I put a... How much? A thousand? Yeah. Okay. Okay, so you didn't put any work into the house. A thousand dollars worth of materials. Great. So I fixed the leaking roof, the fire damage on the exterior of the house.
The second one could have helped a little, yeah. And the sidewalk. Redid the sidewalk. Put some rebar in it. I'm glad the equity's gone up. Because some places from 2022 to now, it's actually been down like in Austin. So good job on that one. But yeah, I think you're a bit optimistic. And plus, again, I don't think that would have fixed your actual situation. Well, I didn't. So I was under the impression that it was going to come in around $165,000.
So just to make sure, I pulled out $1,000 and fixed all these issues with the property. But it came out at $100,000. I know. How'd you come across... I want to get to where... You ended there as your solution. What got you there in the first place? With the mortgage? Yeah. Taking some cash out. I kept getting these solicitations or mails. Hey, you can get $40,000 or $50,000, but the interest rate was way too high. It was like...
8%. Yeah. But then when I got the one that says like 5.2%, it's like, okay, that's reasonable because my portfolio is doing an average of like 13%.
Yeah. Well, what do you mean doing an average? How long have you had it invested? Like S&P 500 is an average 10%. Currently right now, it's at like 22% average. Well, that's not average. It's probably just like in the couple years we've had it done really well. That's not. No, no, no. I don't think we can take. So my portfolio is underperforming the S&P. It's at like 17%. No. What? What are you talking about? So the S&P is at 22%.
Oh, you don't mean on average, though. You mean in terms of just what it's done over the last year, but not on average over the course of decades and decades, all down years and up years combined. Yes. Okay, well, that doesn't matter then. When do you plan to access retirement? Maybe 2060. Okay, so yeah, that does not matter. Okay.
$2,000 sitting in our savings there, down from $3,000. It's down from $5,000. Great. $1,000 for repair, $2,000 for maintenance. Wonderful. $974 is sitting in our checking account. Now... This is f***ing absolutely insane. This is f***ing stupid beyond belief. What color would you like? Pink. No, I want purple. Okay. Give me both. I'm going to give you purple.
I know. You're a silly little boy. You like being silly. It's okay. You were a class clown, weren't you? No, I was not. I was very shy and introverted. Were you a military clown? No. I kind of evolved in this form after the military. Yeah, okay. Put a little dot next to everything that is a bad purchase, that is bulls**t, that is not helping you in any way whatsoever. Anything that is bulls**t.
Anything that is unnecessary to living, anything that is putting you into a bad position. God damn. Continue to the next page. Let's do one more page. So, what are you thinking of this? Because this is obviously f***.
This is like you literally not paying off your debt. This is you going and around instead of paying off your debt. And you're able to recognize that because you're putting the lines next to it. This is you being willing to take the limited equity out of your home that you would have been back to zero in order to finance this, this, this bull, this insanity. What are you thinking?
this is a lot of unnecessary transactions it's the spending of a child you ever budgeted in your life no except for when it came to i don't think you did because you went into debt buddy well i made sure i go i go at least twice a week okay that's enough the purple lines just look at this you kidding me you don't even deserve this give me that this is ridiculous why is this why is that easier to see right here
this is just one page everything highlighted why is this more important to the future of your life than anything else apparently why is this everything so right off the bat i noticed that most of its food so yeah like 90 of its food so your new version of it's just shoving down your throat
Yeah. Go inside a gas station, get into bulls**t. Go inside a gas station, get into bulls**t. Uber. Uber. Go in a gas station, get into bulls**t.
Amazon, Uber. These are more YouTube donations. YouTube donations. YouTube donations. Crunchyroll. Going inside a gas station getting some bullshit. Taquitos. What is it? A company kitchen, which is like an upscale vending service, right? It's your work? Yeah. Okay, great. So like a vending machine, essentially? Yeah, it's got food, energy drinks. Great. So I'm going to call it a vending machine. Vending machine. Going to the gas station getting some bullshit.
Uber steam games steam games vending machine vending machine uber going to gas station getting some bulls vending machine vending machine vending machine vending machine vending machine another YouTube thing vending machine uber going to gas station getting some bulls uber uber
Lowe's were these the repairs from the homes okay because that was $200 $254 and then $54 Quora what are you paying for Quora I don't remember great because that's what we do when we're at our credit card limits right and we have a car that is only 30% value of the debt going to the gas station getting some bull uber uber more Lowe's oh we're back baby
And you U-hauled that voice mod. I don't know what that is. What are the purchase if you don't know what they are? So the voice mod don't know what it is. U-haul how to transport all the material. Gas station getting some bullshit. We pay for Grammarly. What, you can't spell? I can't spell, but at least I don't pay for it. Discord, do you pay for your...
Oh, yeah. Oh, okay. That wasn't the... Oh, sorry. Sorry. The next line item was what came in from the VA of $3,870. I thought that was the f***ing Discord thing, but it was $100 to Discord. Uber Eats, vending machine, vending machine, Uber, Uber. Vending machine, vending machine, vending machine, vending machine. You're addicted. Can you not f***ing stop swiping? Dude, you're just getting that f***ing glugging all day instead of actually...
You, this is the, this is, okay. I have something to say. Vending machine, Twitch, more Twitch, Steam games, Uber, Amazon, Uber, going to gas station, get into bullshit, going to gas station, get into bullshit, going to gas station, get into bullshit, going to gas station, get into bullshit, Uber. You know how many pages this is? This is, this is the most ridiculous spending statement on a checking account ever, ever. You're not disciplined. You don't know what you're doing. Why are you smirking at me?
Y'all gotta use my favorite high yield savings account where you can get up to 4.6% on your money plus FDIC insurance up to $2 million. You can also get up to $300 for signing up today. It's the personal high yield savings account that I use for my money. So don't let your money be losing money while it's just sitting there. Click on the link in the description below and get those bonuses. How is this not like life altering to you? This is insane. This is insane.
Yeah. How does this mean nothing to you and you're just sitting over there smirking? It's gonna piss me off. Uber. More YouTube. Venom Machine, Venom Machine, Venom Machine. Paying for some mobile games. And more YouTube. Venom Machine, Venom Machine, Venom Machine, and Venom Machine. Oh, we're back! Tech Tree, a mobile game. Venom Machine.
An AI assistant? Eve? Claude? What AI assistant are you paying for? Oh, yeah. So there's another AI model that's appeared. What's Eve Online? 20 bucks. Oh, I think that's like a subscription. To? Eve Online. What's Eve Online? It's like this 20-year-old MMORPG. No, don't encourage him. Don't laugh at his things. Okay. And then you pay for an AI assistant? Yeah. For what? What the fuck are you doing? What do you need an assistant on?
I like to write in my free time. Then why don't you write? If you like to write, why do you need an assistant? Well, I don't have to edit it. I just write it up, throw it through the AI, it spits it out, no editing involved. Amazon, Uber, Uber, going to a gas station, getting some bulls**t. More of the tech tree game. Going to a gas station, getting some bulls**t. Precision lawn, you can't f**king mow. You're serving in the military, but you can't mow your lawn. If you're in debt, if you're in debt, okay?
Is this? Oh, mobile games, mobile games, mobile games, mobile games, mobile games, mobile games, mobile games, mobile games, mobile games. What the f*** are you doing, buddy? You're getting f***ing tokens and gems and bulls*** every second of your life. Then you're getting food so you can play gems so you can get on Discord and f***ing all this s***. What do you do on a day-to-day basis? What do you do for fun? Do you go do things?
So, what I normally do, I go to bed, I wake up, go to work, go to bed, wake up, go to work. No, there's a lot of spending in between there. So what the f*** are you talking about? So on my days off, when there's like... Buddy, apparently every day of the month is your days off. If what you're about to say is, I only spend on my days off. There's a spike in the spending on my days off. F*** you. Buddy, you have a spike every day. What are you talking... You're bullsh***ing yourself. You're bullsh***ing...
Okay, like I get you're doing the cope thing. You're doing the cope thing. And again, people are out there are going to be pissed. They're going to think you're being fake, but I know you're not because we've been through the whole pre-conversation. I know what you want. I know you want to get help. I know. And then you're camera shy and it happens. But with the, with the smirks with, I mean the stupid statements like that, you have no idea how much you're making me just want to give up. Like I don't even want to finish the next few statements. And I've barely even gotten through the spending because you spend every second of your life.
This is a joke. And you're acting like you're taking it like a joke? Yeah. What do I do with this? What do I do? What do you want me to do with that? I'm kind of understanding that there's some behavioral issues that really need to be worked on immediately.
Are you coping for things in your spending? Because, again, it's like your spending screams instant dopamine rewards to me. Like, you just need this, like, just, oh, yeah, let's go. Let's spend. It's like, again, you know, the games and everything. I'm not even going to go through. Look, look, I'm not going to even spend more time going through it. This was the, there's, I only went through half of this page. Then there's a whole other page. It says going out to eat. It's vending machines. It's stopping in a gas station, getting to bulls**t.
in mobile game spending it's so beyond stupid it's like 100 just on this last page um to the mobile game purchase 119 dollars in one go and 48 hours in another go you're spending hundreds on mobile games what even are they what are you getting out of them sometimes i might come across a pretty good mobile game and i just splurge on it
what do you do in the games what are the benefits you're receiving for this it makes me feel good that's not what the are you what are you what you spend money what do you get in the game i think like coins or whatever oh good tube buddy also tube buddy and seo service i don't know what that is you don't know what you've you don't you spend so much money you don't even know what you're getting
And to spend $2,000 more than you bring in and to possibly suggest that you are making progress or you're doing better either means you were in the deepest disaster ever before or you're just lying and don't know what you're talking about. Which one is it?
I think I'm progressing better, but this progress is way, way slower. You saw your statement. You marked lines. Was there any necessary purchases in there? Five the entire month and then hundreds of nothing of bulls*** to improve your life in no way whatsoever? Imagine all that money that it could have gone towards debt. Over a thousand dollars on Uber that could have gone towards debt. And I know there's public transportation. It's not fantastic, but you could have if you needed to, if you wanted to, if you had any effort to change things.
Yeah, the savings went down. I already know that. What I am happy to see is $4,000 in retirement. Do you have any, uh, right? No, it's like $5,200 now. Well, again, buddy, I only have the statement you sent me. Like, how the f*** did I know that? You're like, look at me like I should read, like I know what's in your account today. I'm going off the statement you sent me. You're like, what is this guy talking about? Reading the number of the document that I gave him.
It's invested in just like overall market things. So I'm not surprised at the results you're talking about. It's not like it's not any crazy thing. And you were going to take equity out of your home for mobile game purchases. Probably Uber. Huh? Probably Uber. Okay. I'll be honest. He's upsetting me. Do I have to continue? What are you doing? So a friend of a friend, I paid $300 for his number and his spouse number just to troll him.
So at like 2 o'clock in the morning, I call him. Hello, this is Mark with Ford Auto. I'm here to talk about your cost-extended warranty. And I just do it for fun. Hans Kim would be very upset at you. Who's that? 9.7% of your spending went to debt net. 10% went to housing. 1% went to phone. Transportation, $2,667.
insane beyond belief 831 dollars went going out to eat so that's more than went to your debt net you could have doubled what you put to your debt instead of going out to eat in fact I don't think you went to the grocery store yeah I don't think I've been to a grocery store in like 8 months okay you're smiling at that I think that's it I think that's it let's just go I think I just want to go into the post show
I think I want to call that an episode because that's that's stupid. You're pissing me off. You were like proud of that. You were like proud of that. That is that what the are you? That is so stupid. Yeah. Great. So the subscription is 220. Just bull jams. All that $1,446. $840 went to large purchases. In reality, $840.
In reality, other than the mortgage, this f***ing debt could be paid off in a matter of like a f***ing year if you really wanted to. If you budgeted, if you did anything. And that's what I would say. And that's what I'm saying now. If we just look at these spending categories, it's absolutely ridiculous. Just f***ing be mature. Allocate them $300 a month for groceries. Be an adult for the first time in your life. And don't f***ing around like you are with this conversation. It's so f***ing stupid. So I'm done.
We're gonna do a post show for the members because they fund the f***ing company. But I'm done! Let's go! Today on the Financial Audit Post Show. That seems insane. Why don't you just go get f***ing laid, dude? Well, because I- That's essentially just like 3D p***y. But you can touch it. Smell it. To watch the Financial Audit Post Show, click the join button below.
