This $400,000 Debt Will End Financial Audit

$400,000 a bad debt without any assets as far as I know yeah you're 50 yes why are you in debt for tick tock shop I just want to pay it out what does pay it out like pay it out over time you can't your minimal deats are stacked up every everything is so stacked oh wa that was the end of the de the fattest of stacks we have ever seen hi my name is Sylvia I'm 50 years old I'm from Houston Texas and this is financial audit so normally I would jump into pleasantries and everything

but seeing how this is fat stacks weak as we're talking about it and you don't even know this and we didn't even know this this is a whole week of episodes of the fattest of stacks we have ever seen and you're literally ending the week we didn't know it was the thing until all of a sudden you applied and we were just like what has happened we've just done like so many of these in a row all of a sudden so fat stack week but also out of the gate I saw my notes this a

whole note our producer Lindsay she's getting all the notes and everything I was just like oh what's up with today's recording oh she has tens of thousands of dollars of IRS debt but is planning to go on a year of vacation with her friend maybe so how are we doing a year of vacation if we're an IRS de so I mean that's just just kind of blowing my mind end of f tax week and IRS Deb so it's interesting and I'm interested okay but first I want to know what do you do for living in

Houston and thanks for being on I do appreciate glad to be here glad to be here um I am a consultant so I go into companies and help them build their ethics and compliance programs ethics and compliance so what does that look like um anti-bribery corruption so right policies but you have IRS that yes yes but I I will pay it but there's years of IRS debt there is years of IRS debt let's pay it in 2040 maybe maybe hopefully sooner you help me do it sooner I'd like to and another weird part about this

again there's this weird things I want to call out at the beginning Mr dude over there your son we won't name him because you know we use an an's names but Sun guy he teaches one of the Dave Ramsey classes yet you have a fast deack of debt and IRS debt and your kid teaches the financial peace thing I know he must not be a good teacher okay well well either him or you or you both I don't know what's happening so but why then if he if that if you have the resources in your

corner more than normal for most people why is this possibly so bad why is this possibly so thick and fat uh well lots of reasons uh can't really blame it on one reason but I have um can you blame it on anything other than yourself uh mostly myself yes I have been in a marriage for 13 years where we had lots of unemployment um on his side okay his side lots of years probably half of the marriage I would say marriage howow what did he do um he's in it okay so so just lots of

lots of job find other jobs not jobs that he was willing to take so okay that makes some sense there was so it kind of started out my first year of being self-employed I had saved all the taxes I had put it in an account and he had been out of work for a year at that point and I was like okay so how much longer is he going to be out to work so he didn't pay the taxes for that year because I was what do you mean hold on well whenever he was what

was the longest stint of unemployment um a year at least probably okay so after that why didn't we save up a full year emergency fund if we knew that was a reality in our situation why why are we going didn't for debt for that if this was a thing that was ongoing in the good times wouldn't we prepare for the inevitable rain that we knew was coming from living in a historic rainy Place yeah no I've never had an emergency fund you've never had an emergency fund I was a single mom for 10 years congratulations

get an emergency fund I what no good reason W good job but get an emergency fund yeah I I don't single not single doesn't mean you cannot get one or can't get one or many there are single moms who are superheroes out there killing you know just getting sh done and I think if anyone needs an emergency fund more than anyone it's probably someone who's a single parent yeah cuz they don't have the other thing to rely on so I think actually being a single mom should mean that you have an emergency fund more than

not oh no I was saying that that it's terrible too I mean like I know I should have had one but it's never it's just never happened why an emergency fund there's always something else to pay just priorities girl I got your spending yeah you're fuing around so I going out to eat having just miscellaneous [ __ ] no 1,500 bucks on miscellane miscellaneous [ __ ] also we're going to have you take a little sip of water cuz you got the going on which is okay it happens but we're doing it for you the

audience thank everyone you get a little nervous on camera it's okay totally good nothing nothing bad so what are we making in this consulting job uh probably about 185 good you make a ton of money how long have you made this much money um probably off and on for the past five or six years I started Consulting how much did you make when you were the single mom like that was the card we pulled immediately okay well less than 50 when um in 2011 I was making 48,000 a year okay so oh and okay so

13 years ago that had to have been relatively close to the median household 2011 relatively close was it probably $110,000 more or so maybe maybe so I mean that shouldn't have been like the biggest thing now what obviously becomes a massive issue there is like taking care of the kids cuz you got to make the money but where do the kids go and that's where there's usually a huge problem but you can be a single mom making a million bucks a year you know being like a power boss or something and it's like okay obviously

the income part is not the issue there and for your portion the 50 right around that 50 it's a little hard to say especially since we know you spend so much money on both so I don't know it's it's the fact that single mom is such a huge thing it really is but the fact that you immediately pulled the card out of the wallet that's always what gives me a little bit of concern when we're talking about why your fat stack is so big today and we were just like drew it threw it on the

table yeah even though of course you've been married for 14 years 13 yes I have been no I just mean like when I was a single mom I still didn't have an emergency fund now I make way more still no emergency fund sure fair enough um not a good choice fair enough okay so 180,000 you didn't pay taxes so we owe back taxes but for the sake of future taxes are you at least setting just 25 30% asign I I'm hoping to now yeah no I haven't been fun fact we're in the 10th month of

the year uh so I don't think the IRS listens to laugh and allows that to be settled that from the previous year yeah also why are you making your son watch this I feel so bad for him I'm like this show has a little bit of a roast element and your kids sitting there I would hate seeing my mom roasted no he he knows it he he loves your show he's the one who got me on here well I appreciate it try not to cringe too hard he knows every detail so he is he's my

uh future accountability partner so he knows everything not current well or past I mean now but for my future cuz I've never even my husband never knew all the finance stuff I see on the good path but you're on the path I don't know maybe I pass on my good jeans to him uh-huh what real answer um I'm just terrible with money I mean I I try to I try to buy happiness okay so yeah you know that's American consumerism right there not happy in life not happy in marriage not happy with whatever just you

know do you not find yourself happy in life right now right now I'm happier than I have been because I'm separated so that helps so now I feel like I'm in control of my own destiny okay so 180 and you hope to set money aside what is hope to I don't I that doesn't make any sense why aren't we setting money aside like just a responsible business owner that we should be relatively especially since you've been doing this for five years first couple years I get it maybe you know a little confused you're learning the

ropes five years in I think at that point we're probably setting money aside and not hoping to IRS isn't a hope to right now I just poor money management just absolute poor money management um and just buying stuff I don't need um I I have to it's the priority thing right how much did you bring in last month from the business transfer into your personal right uh last month probably 15 16 11,700 oh how much did you spend um more than that I'm sure uh let's go with 14 15 okay so overspent our earnings yep

while having a stack that is basically all Deb you technically have retirement but for 50 is nothing nothing it's like almost like what 5 10% of what we would want you to see just scary yeah Consulting okay sure uh do you think you're going to be doing that when you're 85 like and have to get the grind of selling yourself constantly yeah I hope not let me save your business you think that's going to pretty much no I don't want to be doing this at 85 if you're falling downstairs on the way up to my

office I don't think I'm hiring you right right to tell my business how to survive oh well how to not uh commit fraud I guess not commit fraud well I want to hear self assessed where do you think you are on the finance scale zero being the zero being the absolute worst 10 being the absolute best where do you think you are oh zero clear zero good well I appreciate that I appreciate that you at least know you're in a bad position and I think it helps with your uh son uh being in the position

that he's in as well if you guys want your Hammer Financial score it's free Link in the description below and if you want to be on the show uh you can bring your son sure absolutely you know bring anyone you want come to Caleb hammer.com apply we'd be happy to have you on the show in Austin Texas all right this is going to take so long to get through it's only the beginning of the week yeah it's only the beginning of the week and you're bringing this into my life okay you're welcome yeah Target yeah

this is actually interesting cuz this might be like the only card that doesn't have interest but we you know I put it at this top top of this deack um this is actually a card that you pay off trust me that is not what it's like for the rest of them so I'm a little confused with this card what are we usually getting at Target cuz you spent $237 a Target and Target's an unknown entity when walking out of right so what were you actually getting uh I don't know if that was me or that's

the card that sometimes my daughter will use if your daughter 23 why the does she have a card for Target from you cuz I want to help her yeah you owe money to the IRS for multiple years so yeah help her by you being able to retire at some point so she's not putting her life on hold in the 40s because her mom can't afford to put a roof over her head how about that yeah no I that'd be pretty good that'd be pretty selfless Target card you can't afford to does she pay towards it

no does he have an infinite money card no how old is he he used to but he doesn't now how old is he he's 22 so a year younger why is she having an infinite money card at 23 for tar um she is not as good with her money as he is so that's the person we should be giving an infinite money card to someone that's not as good with their money well it's not infinite there's going to be a limit on there but yes yes but you're allowing her to bring it all the way

up to yeah she can um no I why I cuz I'm afraid she won't eat starve no that's what I'd say cuz she won't is the thing I don't know she's lost some weight I you never I I seriously 2024 year of OIC what what okay uh well let me get some actual real information from this instead of just you know joking around with it what does she do for living uh she is an account manager okay she can she can live she probably needs to budget she probably needs to come on the show or

go to one of his one of his sessions she's not open to that well he would he would love to no that's actually great that's actually great to know if she's not open to it then she is not provided this if she's not willing to take the actions or the steps then what you're doing is just enabling enabling her around and not ever having to learn she's going to be 40 in doing this so no if she's not taking the steps willing to take the steps to improve her life you are not giving her money

and I think at the end of this uh we need to give her a call and tell her to off oh yeah and grow up for the first time in her life yeah leg it's hard you want to do everything you can for your kids I agree and you should do things that benefit her this is not benefiting her again you're just allowing her to be irresponsible the fact that she's not even willing to go to one of those sessions is pretty much unacceptable yeah well she has told me in the past that she just

wants to she wants to live her life she doesn't want to have to work a second job and she you know wants to be able to go and do fun stuff yeah Welcome to the Real World girl yeah yeah it's you got to work for your okay you're not entitled to nothing I mean you can give her whatever if you want her to be a spoiled brat her whole life she can be yeah know I if that's what you want I don't oh okay then I think girl be like me so you know with finances

yeah well were you spoiled um my mom helped me you know not she is is this help though well no she been yeah but no I mean my mom my mom helped me and she helped with the kids school and things like that is she in school uh no she's not in school now she graduated she might not even need a second job how much does she make uh I think 50 she's probably relatively okay young adult already in the 50s like she's on her way no she's just being spoiled yeah she's probably going in

there getting into some delicious Target scones I love them but Mama doesn't need to be paying for them especially when you owe money to the IRS and this next credit card balance is at $22,988 45 and you can't pay it off for the life of you I don't think we're giving our daughter infinite money agree or disagree agree so we'll stop it we'll we'll stop it what I mean I feel like I need to give her some notice you yeah no no no no we're going to call her and I'm going to tell her to

off there you go that's her notice cuz that's not the only thing I pay for her what do you pay um her insurance her car insurance okay um and she's on my phone plan and how much is her car insurance her car insurance I think it's 260 something a month those are a little different because that's taking care of uh reoccurring bill this is her spending so that's different she's not spending the car insurance so so those I'm okay with a little more longevity to help her transition now I still think maybe we off if

again you have really nice eyes by the way I just noticed that thank you great eyes um if she's not willing to go to a program to help her understand her finances and get her finances better that's where it's like the help that you're providing on that end I still don't even know if that's help if she was actually struggling and we saw that her money was going to necessities and she can't get ahead that's her like yeah Mom if you want to step in step in that's great you know that's just a loving kind

heart but if she's around I mean I'm sure she is it's Austin how can you not oh she lives here yeah and you know my son would love to help her but if you text your sister right now will she come in yeah she works right down the road so uh give her no context don't tell her what I'm going to do well you can tell her this is a show but don't tell her what I'm going to do I'm going to tell her to off she's a little bit scary I can be scary all

right so what what why do you have this $22,988 Cent loan on a United Mileage Plus card um just spending a vacations uh you're talking about going on this trip with friends what what vacations what does your life look like around vacations um we we've done some we've done we try have in the past we've tried to do them around my my work travel so like I had to go to Amsterdam quite a bit for work um fully paid for by the company my part was fully paid for and then the kids and my husband

would come over you know come out there they've been out there a couple of times um and we went to Paris as well um I think it was just like for the first time in my life I was making really good money and I just had like no clue you know are making so much money and we could turn this into an incred inredible nesting that it would be allowing you for probably multiple decades to be able to travel almost as much as you want if we did this properly but now your entire existence is

just paying off the past travel yeah so the company pays for it usually for you do you immediately throw that towards the bill or do you then just spend that money I might just spend it yeah on what then another vacation or what no I mean not necessarily not necessarily vacations but just you know it could be it was a time when there was no second income or it could just be a time when I thought we needed something else or wanted to get something need something else well like yeah no there $112 minimum monthly

payment on here yes which is an insane minimum monthly payment still purchasing we're still purchasing it it's basically at its credit limit sometimes I just something huh sometimes I just need a little something $215 isn't little yeah I don't know what that is hold on are you actually willing to cut that you're giggling you're giggling like a storm no care it's embarrassing it's embarrassing it's supposed to be a grownup $550 of interest in a month balance barely went down even though you put $89 towards it and it went down like $50 yeah and it's a

crewing interest takes 29 years to pay off by the way 29 years all right guys let's talk about your budget or maybe the lack of it if you're like most people it's probably all over the place right well today's sponsor rocket money is here to save you from all the taquitos in your life rocket money makes it easy to set up a custom budget that automatically tracks your spending by category so no more oops I blew my entire grocery budget on snacks again you'll know exact where your money is going and how to stop throwing

it away and here's the kicker rocket money can also cancel your subscriptions that you don't even know you're still paying for just a couple of TAPS and boom your reoccurring charges are gone how many of you are still paying for that streaming service you stopped watching months ago yeah exactly so take control of your finances today click the link in the description below or go to Rocket money.com calb to get started for free and unlock even more features with premum premium trust me your wallet will thank you you're uh you'll be in retirement or at

least what is supposed to be a retirement of course not on that track but could be but 29 years to pay off is what this takes at the pace you're going actually no not at the pace you're going you're never going to pay it off at the pace you're going because you just put more money on it yeah vmc Cutco what is a Cutco you don't know what Cutco is now I know what that was no they're knives knives you don't have knives well I do now you didn't have knives not really not the what

is that really so one of my friends her daughter is selling Cutco knives she's trying money for col she's in a little pyramid knife scheme yes oh my you're supporting it she's so nice she so sweet sounds like she needs a slap ah so yeah so I bought knives she's so sweet she's being will she's able to be sold into getting into a knife pyramid scheme yeah so I mean I'm not you know yeah so maybe we should call her in too no I don't know her that [Laughter] well uh yeah I don't think he

knows about that one because I just remembered about it about a week or so ago oh my dude just don't understand what you're doing to yourself just out of all things for money to go to on a card that we can't pay off that has AC crw 4,79 $41 of Interest this year almost it's by the end of the year it's going to be like $112,000 of Interest $12,000 of Interest $112,000 taken from you this year just because you refuse to stop spending on this card yeah uh I'll stop spending when there is when I

hit the limit and that's what I do that it's what I do I look you kidding me forever since forever has that been your life forever for a while when when you think that started I did get them paid down some because we bought a house uh in 2022 so we did you know have to get it at a decent only for so you could qualify for a mortgage not even to improve your life oh my goodness I also sold my car so we could qualify for the mortgage so where is that kind of energy

now where is that fire under your now you're not able to [Music] survive hopefully being you know separated and I feel like that's going to be my fire everything's everything's my own decision okay when was the separation three months ago okay nothing's happened your Deb's only gone up so what the are you talking about no it has gone up cuz I had to I spent a ton to get into the place into the place what's your place what is the place well just into the townhouse so I mean I had to buy all new furniture

had to we couldn't live without a couch for a second no I yeah no it was all full you know I had everything bought probably within a couple weeks list you chose to separate I'm not saying it's an unjustified thing but you chose to you can live uncomfortably for a moment you didn't have to go right into life as perfect right I feel like I had already lived uncomfortably for so long and so okay listen you had to take some you were uncomfortable with that's not even that I'm sorry close your ears son close my

ears close my brain from that I don't know where that came from I apologize uh it's probably just cuz I just know how uh how much we have to go through yeah um oh okay oh um yeah when I got my townhouse I am very much where my mom always had a place for the kids to come so when I moved I got three bedrooms your mom like my mom you know she always had a place for us if we ever had to come home for any reason you know like if things didn't go well

for us so now when moved I got three bedrooms so I have a room for each of my kids in case they ever need at the same time well it might happen one can be on a couch she can sleep in the closet I don't like we can we can figure it out it does that's such a it's not coming from a bad place so it's not it doesn't like enrage Me by any means this like you're just putting yourself in a harder position for a good intention and a good heart I I me I

mean I like that that's that's wonderful but it doesn't work for you right now it just it's not necessarily an option how much is your current rent 2550 oh oh it's expensive it's gross I could taste that one 28.24 per interest on this I sorry I I said it's going to be 12,000 in interest by the year end I it was 4,741 so far it's probably going to be closer to like 6,000 by the Year's End I'm just back C are you feeling like guilt or anything from like this separation like is is the taking

care of your kid making sure you have the rooms this drippen by like a guilt um no I mean I don't feel guilty for separating but I do feel guilty if I can't do the things for my kids that I've always tried to do how many kids do you have just two are they from him no he was my second husband so no so they don't give a sh well we was around a long time but I'm kidding I don't know uh it's uh okay guilty that you can't give things you want to provide it

sounds like you've taken them to Europe multiple times it's more than most people can say it is so what so what what are you on about what have you not been able to provide it's it's just a mental thing you're funding her existence right now and dude over there seems to be doing pretty okay if he's teaching a financial peace class yeah he's doing great so what Guild I don't know I mean I can't tell you where it comes from I just what do you feel you've not provided though I don't know I really don't

know I just I might want to talk to a therapist about that one I do I start that on the 11th on the good good I like that yeah well obviously you'll get access to our uh budgeting program and our investing program uh great you'll get those for free so you don't have to spend money on those but I need uh let's not spend any more money on courses just courses in general just because it's so hard to vet what is good there are great things out there and I believe that like we've created good

product and I'm very proud of them and people have gotten great results so there's also so much cash grab out he's a part of a good program too your son over there but there are lots of just cash grabs out there and I just don't want you to fall for that when you don't have money right now I think you can get a great return on investment from our stuff but there's such a risk I'd say like 95% of the things out there that want you to to get into their program right pedal you're not

a credit card person you don't want to use credit cards no I I don't you need I need you to close do are you going to get another house do you want to own a home um at some point I just don't know for sure where I want to settle okay I'm okay okay with credit for a bit and then maintaining and trying to grow it once we have a bit more discipline I just can't have you access to credit you don't know how to manage it in any way possible if anything use a card

like the phys card that's like it's usually more geared towards college students but like a charge card where you put the money on you can only spend the money you put on it's like a secured card yeah 2,000 but I mean pedal I think does pedal have some of those options what what do you have with pedal I know they have weird things I that's a that's a business card just a basic okay $2,642 195 okay with another chunky minimum monthly payment $15.38 we're still purchasing on here even though it's a crewing $79 interest and

it's basically at the credit limit yeah uh they're all that way why it's a super eats no this is Uber Eats it's what and trips Uber Eats and Uber trips we're ubering superber what are the dates uh but Vol Le settled on the 7th and eth of Tex now two months ago okay I was probably traveling for work why you Uber Eats in to travel go downstairs get a donut oh is it Uber Eats or just Uber there's an Uber Eats oh okay lindia was probably traveling probably just getting food s in m M hm

which I know which should have been reimbursed should have been are you saying it wasn't no I'm saying yeah I mean I'm sure I was reimbursed for it how do you know how good are you tracking this you don't pay your taxes so well no I mean I just don't have QuickBooks out in front of me so do you track well and extensively um yeah I mean then that doesn't equate with you not paying taxes then well it's the saving for the taxes the putting the you know 30% IC okay 34.2 4% interest that's like

the worst interest I've seen on a regular credit card that's insane I want that gone okay uh a contract some installment loan contract what is this 35.643953 $5,000 borrowed but you're paying 5,546 in interest so double what you borrowed as being paid in interest what is this for federal truth in lending oh act sorry that's that's the bill for transparency it was for moving you make way too much money to have to borrow to move oh I was paying expenses to help you huh I was paying expenses at 2 you make money great money maybe

don't spend your $2,000 a month on [ __ ] yeah how about we do that instead of borrowing away losing double the money we're borrowing yeah I don't want to see that ball you're doing it just I just don't get it each payment would be $175 is it once a month twice a month what does it look like once a month oh that's nevering gonna be paid off it's never going to be paid off I gotta get on a budget so I can pay it off I gotta pee okay I'll be back I never have

ready to get back into it ready so you just took this out then yeah in June I believe why did you take out like the highest interest rate loan you could find did you just search like how to myy life.com um I think they just probably it's all based on my credit score I assume what credit score I don't know like 602 or something I don't have late payments and Stu but why couldn't family or friends help you move um I don't I mean I don't have many 50-year-old friends that are going to help me

move what about your kids you know one of them that you fund um well one of them was moving on the exact same day this one was moving on the same day as me pick a different day well yeah what I know I just was easier to do for you know to hire movers and that was also but was it really cuz now you ow $10,000 at 25 or whatever crazy interest rate yeah so was it really easier it felt like it at the time well yeah that's how the yeah you just you don't see

the delayed consequences of any of your actions you just an in moment person yes which is really going to come back to bite everyone around you cuz you're not going to be able to take care of yourself in retirement and that is not fair to others no that's not I worry about that oh here's the IRS I do worry yeah mm you do worry I do worry about that I don't I don't want it you know to for my kids to have toal you've done no actions so how can you worry and do no actions

I don't know because around is more important to you it's more important yeah I mean I guess at the time it seems like the right choice and a lot of it's doing stuff for others and but I don't need to I don't have to do stuff for others to you know make them like me but sometimes in the moment that's what it feels like I like to give I get it but you do it in a smart way you do it in a budgeted way you do it when you're not going to die in the

Walmart floor in your 60s cuz you're just trying to survive sorry in your 80s yeah okay IR 2021 going all the way back to 2021 we're we're at the end of 2024 now we're going back to the 2021 23,000 16,000 for 2020 no we're going back to 20 no we're going back to 2019 of 2251 how how are we going back five years we've been paying but we pay wait wait wa hold on did you pay 2022 did I pay 20 no I haven't filed 2022 oh oh good yeah does your tax person know that

yes do and what do they say because I didn't have one at the time so when did you get one uh just recently I and they know that I need a file so we're working on it working on what is working on it getting all the documentation thing together how are you going to file how are you going to pay what are you going to do I'm just going to file and have to wait to pay is this are you on a payment plan I am that's why 2018 was paid off that's oh for sake

there was 2018 yeah oh my good death what is the interest rate on this uh I do not know it's usually quite without looking I really don't know we are at 63,000 hours of unpaid taxes but that's incorrect because you have two years 2022 2023 and we're going to have 2024 of unpaid taxes probably going to be like $20 something thousand of unpaid taxes which is insane has the IRS not like looked at you for these last couple years if you do you have no fear of an audit for the no file these last few

years I don't I don't have a fear of audit because I I mean I actually do keep my books fairly well you paid them but I do have accurate books and Records you know so I'm not worried about the audit but I do worry about them you know coming after me but that's why we've been paying them but you haven't filed for right no I know two years so what yeah so what do you mean we've been paying them we're not paying them we're not filing well we're on a payment plan with them for the

ones you have filed right yes not for the current ones what's your payment monthly 750 I'm going to die I pay half of that X pays the other half who who oh yeah so wait you guys are in the business together oh did you guys not it's it's person that's it's the personal tax yes yes and you guys would have filed jointly and did file joint we did file jointly we'll probably file jointly you neither paid together jointly yeah is he making his payment he yes does the IRS know if he doesn't it's on him

or is it like uh oh you're doing it and you guys have just agree that you're going to split it right now it's that we've agreed but it will well it will be in the papers it will be in the you mean it will be in the oh in the yeah it'll be in the papers uh I this a long joural process right now or you guys no cuz we don't have assets together we don't have joint credit other than IRS the house that we were living in was his parents house um but you bought

you said we did we built a house in 2022 um we built it yeah was 20 20 21 or 22 I can't remember but one of those we built it um and then his mom passed my mom passed the same year and then um we had to take care of his dad and so his dad has Rin injury um we were going to sell his house their house um and we decided our payment just kept going up and up and up property taxes yeah were we claiming Homestead yes we were claiming Homestead but it I

think that they just you know how when you're buying it they figure out what your escrow and everything is supposed to be but they do it on unfinished property but then they need to do it on that's the only thing our house payment went from $2,500 to over $4,000 yeah so um we looked at it we sold our house we actually made a Prof it in just the 2-year time that we live there but the house that we moved into is still in his parents' name so I mean it's not it's not mine but the

profit that we made from our house together went into that house so no you guys put that money into the house that you didn't own now legitimately guys I believe that you everyone in your life everyone around us can actually take control of their financial future and make their lives better and we've spent over a year here cre creating tools to help make those goals a reality right now our budgeting program and investing program are bundled together at a 15% discount and you get $100 in cash gifted to you right into your Mumu account there's

honestly no time like the president to actually take control of your future don't wait don't let this opportunity pass you well he he he will he will own it but his his uh uncle was making the mortgage payments because his dad I mean didn't have the money to do it he's on Social Security and so we had to pay him what what was the uncle making P why not get it under the uncle's name then the title or at least get him on it cuz again what happens when what's what's in his will and he

doesn't have a will neither of his parents had one does he have any kind of anything set okay I mean he has power of attorney over him so I mean wa who does uh my ex has it over his dad um because he's disabled but that'll create drama when the uncle's been paying for well we paid him that's what we got everything CAU up so that was where the the money went to CU we were going to sell the house and then pay him because the house has about 400,000 in equity we should is the

dad living there still no the dad's in Assisted Living if he has power of attorney do you guys have an okay relationship in terms of yeah doing things yeah okay let's get the pop then to sell the home and and if you guys are in a good relationship of communicating with each other try to at least get what would have been half of what you got from selling the previous house we're just trying to get your part of the money out of it it's a very weird situation yeah but if they're willing to do that

we need to get what how what was the profit how much do you yeah uh about I think between 70 and 80 okay yeah if we could get you about 30 to 40 yeah I mean that goes a lot towards that big way towards the end of taxes he won't sell that house who who who who uh well my my ex or and his dad his dad can't make a decision to sell it because he he I mean he's got major uh it's aasia I guess so he can't remember anything but your ex won't I

don't think so I mean he's paying only $1,700 a month to live there and it's a $600,000 house so he willing to get any cash out of it I don't know if he can to give you the 4,000 well yeah but is he willing to do that and then just give you that money maybe he did mention it he he did yes he actually seems right cuz you guys should not have put money in the house it' be very clear yeah well it was either that or we'd have to sell it so we had to

at the time sell it well we were going to sell it and that's why we decided to move in instead because the house payment was lower and it had more equity in it than ours yeah you still shouldn't have put money into it like that without you being you guys being on the title right right oh for Fu sake what is this what is this what am I looking at a monthly payment of 746 for what my car your payments are all over a 100 so far this is insane I don't know how you're surviving

you're not that makes sense oh it's a lease you have a lease yes for how long when's it done 13 months 13 from now yes it may be 12 now what's going to what's the value of the car by the time it's done what does it say I don't know what's the B what's the buy uh I think I bought it for between 40 and 45 no no no what what okay what when the car is done what does it say that you can buy it at oh I think right now it's like 37 when

I looked at it like if I just wanted to buy my buy out of it was 37 well a full so you're talking about buying out the lease and the full purchase of the car yeah I would love to not have that payment but what are you going to do in the leas done in a year um try and hopefully I'll be in a better place and I can just buy something cheap my son's a mechanic so he's kind of on the lookout for something uhhuh so he's been kind of on the lookout for something

$746 month payment this is insane this is insane so far uh what I just I don't understand the things I am looking at is this another lease for no what is this remaining early purchase amount what what am I looking at um that was H that was for that was part of getting all the furniture for the house for the new house yep cuz I didn't have the cash of course so maybe we don't get it let that be a new rule going forward if you can't afford to get it don't get it you're not

going to die putting a mattress on a floor for a couple weeks right when you slowly build up again you guys made the CH to do the separation now you have to deal with the reality of it as well benefits and negatives right you're not well I mean you're making it happen but just borrowing it and your minimum payments are insane so what what wa it's a $247 62 a month payment or something uh wait it's rent to own stuff you're doing no it's not I don't I don't what is this what is this what

am I saying how much is left uh I don't know I don't know if it says early purchase only 600 yeah if I pay it off early it's 600 if I wait I think uh my son and I looked at this if I wait yeah when does the early option end oh September 23rd oh just missed it is this done though did you pay it off no oh now the current balance is 258 oh my good do we know what the current payment is is it the same uh yeah the payment's the same why would

would you do this to yourself why would you do this to yourself why would you not pay that 600 I didn't have it at the time you spent $1,500 on just absolute nothing things that didn't matter in any way what do you mean yes you did have it I didn't have it in my account at the moment to pay it I should yeah oh this is this is definitely a situation gosh these companies make so much money with tell you yeah and you just you just allow them to milk you gosh one of the items

on here is an umbrella an uming umbrella not that kind of umbrella like you needed that to survive no I did not need it to survive then sell it yeah that's that's what my son's been telling me sell the stuff you're going to need to sell everything yeah oh my gosh I'm just this is this is this is this is my you sell everything sell everything oh good death there it is there it is there it is oh wait is this is this what I was looking at is this what I was looking at is

this the same thing or is this different Is this different is akima different I think that do it say that oh it's part of the same thing thank I thought you had another thing oh my oh my okay God thank thank oh my [Music] goodness you you're 50 yes why are you in debt for tick tock shop cuz if I can pay it out it just huh is better huh I just want to pay it out what does pay it out like pay it out over time you can't your minimum the payments are stacked up

every everything is so stacked payout over time work for you Tik Tok shop where you that's for brain R young what are you doing on Tik Tok I can be on Tik Tok stop why ride your brain I I need Tik Tok just for Brainless scrolling clearly brainless oh good but you're on there spending money not that much girl you're affirming it is this even affirm it is you're affirming it but that's for lots of different things but the Tik Tok shop is some of it it is some of it $282 in minimum monthy payments

for a firm you can't have a reasonable minimum the payments to save your life I cannot disagree uh yet you do it I just I don't know if the behavior the the change in your behavior is such a Monumental shift that would be required to get you out of this that is a bigger shift than I've ever scene plus so matured in life it's different than a 25-year-old changing what he's been doing for the last seven years you're doing this what you've been doing the last multiple multiple multiple decades you're right I like I don't

know how you're G I can do it I can do it okay I don't want to bring down the room but with what optimism there is nothing to suggest that you possibly can I would love to hear why cuz I it's a new oh good it's a new time all right [Laughter] that's we all know that just like end of year know New Year's goals always work people definitely don't fall off in the first month I'm going to have to calculate all the affirm stuff in the end cuz this is so much we have 1840

Orthopedic bull Amazon you Amazon what what are you even buying on Amazon I don't know that's the bad part is that I let me see your phone let me see that Amazon app let me see let me take a little sneaky sneaky he's got it okay so total of firm balances which I'm going to just kill myself from I think it's the 1840 that's up there that wasn't it's 1840 19 in the middle monthly payment is what 282 282 absolutely ruined my entire life and you're going to keep growing it you're going to keep growing

it so this is going to become bigger let's see Clara oh good Clara we're getting them all we're getting them all I swear who knew there were I swear if I just had no morals or emotions I swear should have just started I should have just started a company like this anyone will sign up for them you could anyone could start one of these companies today because anyone will sign up with them the moment you're out of these little microl loans that you're able to take out you will find the next one there's an infinite

loop at these just start one put a predatory interest rate on it gosh billionaire overnight everyone will just borrow endless money but it's disgusting I would never offer this is crazy internet's not working I don't think so I don't know if it's I'll get you on Wi-Fi okay I thought I was on there oh my gosh you're on Snapchat too I'm yes impressed and terrified and ason can I do a screen recording we'll bleep anything private oh my you're getting you're getting a million emails putting it on sleep mode I had it on do not

disturb but oh my gosh you're getting like like things that wear to your body what are they I don't even know sh wear for a wedding coming up what you have to have three no I'm going to send back the ones that don't work I got underwear and power strips and under dust things multiple dresses a teapot very needed to survive uh dog bark deterrent yes you haven't met my daughter's dog your daughter's dog this isn't even like a just a horrendous neighbor that doesn't know how to control their dogs no this is my daughter

I how does this impact you you got I probably to her I know what is it just barking all day every day he barks a lot what kind of dog a lot uh cheni oh gross no I love them and probably give them a lot of pets but you're right they do just bark and then then I just picture them yeah root powder extract not trying to out your whole existence right now uh you get so many things to wear you're wearing everything but I I I get a lot and I send it back okay

well a lot of these were I mean some of these are in August and I didn't see anything returned yet no I saw one thing returned it was a book oh you also get holy hold on sun Clos your ears what are we what are we doing in here what's going on looks like I have some some books to read what what what are we what are we learning about the book it's it's it's for one of the classes that I'm in at church Christopher Yan what are you uh what are you writing about you

you naughty little guy no it's not that kind of book it's a Jesus Book the word is in the title it is but it's also got holy in there so it's where do you think you're not that's what it's for though it really is it's for a class I am addicted to Books Okay libraries yes you live in a large Town yeah you just you get books and you get clothes and books and clothes and books and clothes books and clothes um so yeah maybe we're not doing all that cuz you got libraries you got

things I actually live just a mile from a library all right y'all it's no secret gas prices groceries eating out it's all costing us more than it should but if you're like me you're tired of overpaying for Essentials and that's where the sponsor of today's episode upside comes in you know those things we do every week even every day for some of us grocery runs filling up on gas even grabbing a quick bite to eat upside is changing the game letting you earn cash back on top of all of it the free upside app gets

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are making as much as $300 a month to find out how much you could earn click the link in the description to download upside and use code Hammer to get an extra 25 cents back for every gallon on your first tank of gas or scan the QR code here to claim this offer thanks to upside for sponsoring today's episode epis sign up today I promise you won't regret it okay Clara we owe $467 N5 Nike just okay I don't even know what your minimum monthly payment is what are they Tik Tac shop loans through Clara

as well Nike Tik Tac Shop N nuds nudes nudes I don't want to assume [Music] Aon and Fitch I think some I think that one's paid off I think some of them are paid off they just list them all there but Nike yes that was the most recent one what's the minimum for Clara so it must be 310 you must be close to paying off other things really quickly okay balances on there some of your balances in collections of what an emergency visit what is that an emergency visit medical bill oh why why notay you

make so much money I get I have no idea why you're taking out bad debt for things and allowing things to go into collections if we're doing smart leverage I understand some things but you make way too much money to be in 35% debt for stupid things and allowing things to go into collections want to get a house you're not going to do that with collections right so what why was this not paid it's only 1,471 which is a lot of money but again you make a lot of money cuz I'm paying the minimum on

everything else that you chose to get into none of this has been just for the IRS exists because you went out and spent a bunch of money you don't have on fun the moving things exist because you didn't have an emergency fund because you're spending all your money on fun all that other stuff was just spending money on things you didn't need furniture and fun and fun and fun and U bits all that type of sh even when you get a reimbursement you then just go and spend it instead of putting it back in your

card so the only reason you have those minimum monthly payments that mean you can't afford this so because you're spending all your money on fun for someone who spend so much money on fun you think I would have more fun you probably have a ton of fun and don't know what it's like on the other side to not have the fun know cuz you're just living life dude it just doesn't feel like it well well you you probably just have an endless like cap you know you get used to every life you're living and after

what like 6 months or so no matter what life you're living you get used to it no matter how bad and good it is it just becomes normal so you're always going to be chasing that extra high that extra fun I want my next high to be not having to I want it to be retirement oh my good death this isn't I people statistically some people yes a decent amount of people hold student loans into their 50s but you have so much and you're just a consultant consultant's a great job but I'm just mean like

you're not a doctor or a lawyer what's your degree um I have a master's and I have a bachelor so Bachelor of Arts master of jurist prudence from uh of what Juris Prudence from Loyola Law okay so it is in the world of law it is but uh but those are those are not all just mine um when I was married the first time we Consolidated our student loan debt oh good death of so he's on it and you're on it yes who's not making the payment then because there's two sets of student loans in

here and guess what they're past due yes one of them is um both well the one you may have corrected one but at the time of this both Oh I thought just Nelnet the oh both of your Nel nuts oh there's a Nelnet and a Sloan right but yeah well because they made them they made nnet sell them so they have personal they have private and but yes so part of that is my ex-husband's and part of it is some that I took out for my daughter yours oh for your daughter Parent PLUS yes for

one semester just there I'm you know I'm either Pro or anti just depending on whatever was she working um her I think it was her senior year and was she working she she was working some yeah she was she couldn't qualify for student loans she got one student loan she and that was the cap and that's just what she got she if she was going to have to get student loans she wasn't going to finish she because they saw she didn't want to get her own student loans oh my God then that doesn't mean you

take out student loans you need she needs to eat some for a bit she really does she needs to learn what just what it you need to actually put into this world to get some like that's what's going to make her become a decent person in the world of Le economics yeah yeah so that's why the the student loans are crazy and I didn't know the one was behind until I went to print this out because they had been in forbearance and all the things from I don't know because one of them's in forbearance because

I'm waiting on this separation so they are going to let us separate consolidated loans that's coming up they're supposed to be passing that so they regular minimum monthly payment on this alone was 858 but guess what we're passed due by two yeah that's the one that my first husband pays half so half of that is his and half of it and is he paying are you not paying where's the issue no it's both of us because I didn't know until I printed this out I didn't know about know what do you mean they announced last

fall 2023 that student loans were starting again no but they were still in still in forbearance because of the separating the spousal consult validation okay for how long I thought they were still and that's when they separated it so how I have two nil Nets one of them you can see it doesn't start until September 2025 and then the other ones this one's du in 13 days the next payment yep so okay and I don't know the interest rates I I didn't get that page um I think they're in the six six to eight not

oh to eight I think it's not even the good versions why are in the threes and I have now that wow [Applause] $34,636 cents we got official word from the daughter by the way we're going to give her a call in the post show cuz this one's already running long and I I legitimately don't know if we're halfway through the paperwork so we're going to give the daughter a call in the Pro Show she wasn't able to make it into the studio but I'm going to give her the real deal she can accept it or

not but she needs to 99 Cents and then I need you to actually like actually stick to it and not give in to ww cry daughter or emotions and all those good things and it's never even like that with her she'll it's she doesn't like call and say it's not even her calling saying can I have some money sometimes sometimes it's that but sometimes it's just well I don't have money for this or I don't have money for that so in her defense it's not always her asking sometimes I just take that step no no

n n no no n n nope nope is the new rule okay next now that uh what the what are you talking about wait is this just an old statement it says current due was in March of 2022 says current statement due date in March 2022 I Consolidated them like I had a bunch of separate ones and we Consolidated hold on do we even know what's happening I'm I'm still trying to figure that one out that is the the one that is showing now that it's in forbearance due to spousal debt cons uh separation oh

oh oh is that why the due dates later yeah they're two separate accounts one's one's Federal and one amount dues but it doesn't say does it say current amount due yeah $1,164 with a regular monthly payment of $582 does it show pass due yeah a 582 it's okay then I don't know about that one my dude what are we doing yeah my absolute dude I might I'm going to send you to probably the advisers that domain money that we work with it's going to take hours just to get knowledge in your situation something that this

show is good for many things for something as extensive as this we just simply don't have the time my employees are going to want to go home around at least 5 to 6 at this rate we're going to be here till eight there's a lot the people over at domain money are great they're great okay we have their information in the description if you want to check them out first but we can get you connected okay I actually went through their whole process myself just to out of curiosity and seeing what they thought about my

situation so okay okay so student one student two so this one's at 82,000 no no no wait hold on actually this might be the same because this was the statement date of February 29th 2024 did you send us an old statement as well that was the last statement that I had from Nelnet for the Sloan because it's in forbearance oh so this is just an old statement and now it's in forbearance okay so 82,2 198 on this one but it's probably in forbearance this other one is live and up to date the first one we

talked about okay for venmo you owe money to venmo you have a venmo card venmo card you have every millennial and Jen Z product like you should be a PayPal girly yeah yeah um and that one's a business card too it's in the it's in I need to take Google away from you you cannot have access to please get me debt cuz that's just all you do all day you wake up and that's the first thing you type into your phone you're just like if you don't if you don't type that in you have to

you have to like go into shock or something maybe take out got a debt every day of your life cuz for Beno you have $ 6,364 77 this is insane how much Deb do you actually have you have $396 of debt and none are an asset as far I think cuz the least you don't even own oh my it's almost a half a million dollars in just death oh my good are you okay no this is I just I I I I want I want a path forward just don't know will have it $29 is

your minimum through payment 26.47% interest rate Wayfair why are we Wayfair we have a Wayfair Wayfair Wayfair Wayfair this is Wayfair you really need every Deb that exists every death that exists good good death good death oh look it at least looks like this one's paid off usually usually so I'm not it's not huh what's what's the balance what's the date death I don't know I had a purchase is $131 um well I I went to Chicago recently okay and uh notorious going to De Town um I use that card for some things how many

how many of it's only a $1,000 limit so I don't I know it wasn't more than that but so it's a thousand no no it was probably A5 or $600 okay $600 for Wayfair kill me now it's at a $29 minimum once you payment on here it's probably higher now I'm going to put 50 good good geez fees and interest this year so far so yeah you don't always pay it off and it's 32% interest Home Depot we're all spending you seem to be on 0% plans here but we have fees okay $752 77 the

minimum monthly payment of $29.75 Home Depot purchase $27 seasonal Garden great we got a plant we've had interest AC crewing uh hold on oh okay the interest deferred do you even know what's happening on here yes what the Deferred interest uhhuh that if I don't pay it off within a certain amount of time then all the interest is going to come up front or they're is going to come do yes I've got a couple like that I just don't understand why you do this to yourself expiration date oh in like three months okay Barkley more

purchases $118 of purchases $13 of interest of crewing oh what thick stack week or whatever we're calling it is just this sucks man the reality is who gives a [ __ ] about me going through this is like your actual life in I just I I how do you sleep uh do you sleep well no I don't stress yes stress worry all the things and after going through what we went through when my uh husband's mom died she had none it it was like this and I don't I don't want my kids to go through

that like don't want to leave a mess for them how's your health good do you smoke no good lad it's a rarity for this show unfortunately $538 72 is so on here purchases interest 25 $29 minimum payment two years to pay off the way you're doing it local T you went to a restaurant yeah $118 at a restaurant just it's like we don't care we don't give a if you actually want that for your kids and put in someing work it's time to grow up Amazon great 92622 minimum monthy payment $35 and on these Barkley

cards what they do every month is they'll lower the credit limit which I get what they're doing but they're just screwing my credit score even worse I don't give a but every month they lower it by like 25 or $50 I that's probably good for you yeah it's probably not a bad thing you you don't know how to spend you don't we also might connect you with the people at relief app as well to see what they can get for any kind of deck negotiation it's another one of our part uh Partners in our resources

section is just like cuz you that might be your only option it's like either we have debt negotiation or we have bankruptcy or we're just yeah what are your thoughts on bankruptcy I I don't know if that's where we are but what are your thoughts on it $400,000 a bad debt without any assets as far as I know yet what are your thoughts on bankruptcy well most a lot of that too would be student loans so we couldn't put that through bankruptcy anyway right right the chance is it's so minimal yeah so I mean I

I don't I don't have a problem with it my credit's already you know screwed if I'm going to buy a house it's going to be several years from now so if I got to do that but if I can pay it off if I can figure out a way to pay it off then let's do it you have a carnival card like the cruise ship Carnival card yes I've never seen that in my life and I've had some crazy finances on the show yeah I've had that one for a while good oh good that one's

a it's at $444 52 minimum monthly payment of $18.61 this is insane this is insane this is insane and interest charge $73 17 years to pay off 17 years to pay off $700 in interest this year so far I mean you've easily had over $1,000 maybe $15,000 of Interest crew across everything this year so far you had to have especially if you equating the fees with the lease that was baked in from the beginning good death B&H yd you have a B&H card um for when I started I don't even have a B&H card and

this is like the that should yeah well because it's also for like printers anything that I need like for work get a printer there $0000 yeah that's what it's for though that's but usually with that one I don't usually pay interest they're almost I think always deferred interest and I do pay that one off at time every time how many times um 35.99% interest right by the way no I mean I don't use it months are you going to do that are you going to be able to pay it all off it's yeah I mean

I should be able to okay and I'm going to break it down in four oh it's [ __ ] like confetti so you can make $135. 75 towards it on a monthly basis well we'll see that's I mean I should be able to so it's required if you're going to do it oh I need to get your son in here on the posto see his assessment on this situation since he's a part of the Ramy side of things and we need to call your daughter we need to get you cannot be sending her any money

just cuz now you can't afford it even if you're just helping her you're doing her even more of a disservice cuz you cannot afford it and she's going to have to take care of you so it's like now it's just completely different I mean this is just stacked so beyond Capital One business just $1,443 53 a minimum monthly payment of $52 interest $37 15 years of pay off all these take multiple decades 29.2 4% interest rate $336 of interest accured okay back to Capital One again Capital One OG $3,469 minimum monthy payment $116 who please

guys if we can start adding up these minim Mony payments cuz it's going to take me a year to add at the end okay uh $82 of Interest acur interest this year so far at a 28.155314 63710 $93 minimum to payment $64 of Interest acre $464 of Interest this year so far the hospital offered it I mean I guess they there's always a way to make money $3,830 and 12 cents is the balance $80 of Interest acre $140 minimum Mony payment takes 14 years to pay off oh my good hold on there's a promotional balance

okay until paid off which has locked you in at 18.9% interest rate oh no most of it's at 26.99 never mind 940 1 in interest paid this year so far th000 on this [Music] alone Chase Inc we got one of those oh my well you do it the wrong way yeah $ 17,27 49 yeah they'll give you big balances big limits you got a limit of 19,000 we got a limit of I think like 90 I just opened it the other week but we don't obviously I'm a credit card person right disciplined but just seeing

you with this is is like Bo so that scares me yeah they gave me both of those Chase cards at around the same time or not gave them to me obviously I applied for them but I was very surprised myself $562 minim Mony payment interest recr a $390 I just wanted to wake up today wake up come to work get AC installed in a new room because it just doesn't warm they couldn't do it they couldn't do it they're not going he told me out here back by by the end of the day to see

if they could actually come back cuz they figured it out I haven't heard anything the dogs at the vet and that's has been chaos I lunch I just ate an apple cuz I'm trying to survive I I just wanted to go watch the vice presidential debate tonight get a little bit of food may maybe even spoil myself with a massage cuz it's been a stressful few weeks you know maybe these few things and go to the vet visit pair I wanted to do these things and we come in here we come in here we do

all this this is stacks of paperwork and we're not what are we 2/3 of the way through maybe maybe 2/3 of the way through H what have you done to me you've just you've assaulted me with paper you've destroyed the Amazon rainforest now to be fair I didn't destroy the Amazon you sent it girl in digital you got in that D yeah no I Laugh to Keep from Crying but I don't think it's funny interest charge this year so far in this card alone 3,17 3,176 3,176 which card three ink ink this is your version

of tattoos the ink card and all the interest are crewing on there yeah those are my that's my scary ink there say like prison teardrop is all this all right City double cash I love the city double cash City double cash is great of course you're probably not utilizing it correct NOP yep correct who would have thought okay balance 2, 68343 with a minimum monthly payment of $948 $67 of interest is occurring 17 years to pay off it's this year so far no idea but probably a t cuz I don't have a second page catapult

you have things I've never even heard of the is a catapult um it's it's more furniture catapult it into someone else's house where they give you money for it huh how about we do that all right guys I get it you need more financial audit so we've decided now in our membership below you get two exclusive seen nowhere else uncensored Financial audits every single month oh good no way your couch hopping places I like stay at for the job you're relying on bookings for a place to live yeah also three post shows a week for

every Financial audit you're seeing right here on YouTube in the post show we have an extra 20 minutes for every single episode where we go into more drama that we didn't uncover in the original episode we can't find you on Facebook did you block me on Facebook no no way and then included in the membership every Tuesday we have a member live stream where you come in you hang out with us we answer your questions and the whole crew gets together we play games we mess around and we chat with you I have a pair

of salmon shorts on that desk ready to change into right after this so you dress like smoking for the first time when you go on a date there's always extra bonus things like for example an office tour the teams grew we have to eat out of here now so this was going to be the fun area now it's not we upload hours and hours and hours of extra content just for you and it helps support the growth of this Channel and the growth of this business join the membership Link in the description below so how

much is are you what hold on which one's catapult is this catapult what what are we doing oh I got description number one and and then we skip all the terms good cuz we don't need to print all that out $80 weekly payment $80 weekly payment a weekly payment of $80 averages out to basically $1,051 a month taking all the weeks in the year it's been an hour and a half no it has yes okay so anywhere from 3,39 to 6,38 just depending when you pay it off I mean that's is crazy crazy crazy crazy

crazy crazy crazy CU it's at a billion perc interest rate a Cole's card sure throw it in throw it in I two $2,731 $95 minimum monthly payment interest $68 it's at all the interest rates for basically $500 in interest recruited this year so far Living Spaces card yeah cuz you you filled every inch of your house well well no that was the other house so I'm still paying on it furniture that I don't have with interest most of these places are like interest free cards and oh no they they did it and then all of

a sudden I'm over the limit now because all the interest came up yep $162 minimum payment balance of $442 61 stop it stop it $17 sorry 17 years to payoff interest rate of 30% probably interest recruit this year so far a million who even knows I don't have the page oh yes I do $22,000 yeah yeah the Deferred interest pay so what if we lost $220,000 in interest this year so far $20,000 that you could have had you could have had gone oh my gosh I just got the number for your minimum monthly payments and

I uh it's a first has to be a first that it is that high that does not include a mortgage oh that's the why do I see Mercedes Benz that's the lease that's the lease so the one we've already went over yes 746 yeah thanks get us there closer Nordstrom don't go into a Nordstrom you can't afford it it's the anniversary sale I'll copy what this guy's program says the only time you see the inside of a nordstom is with your working there okay okay yeah balance $2,796 interest is acur $56 and77 of minimum monthly

payments 9 years to pay off 31.1 5% interest rate basically $500 interest this year so [Music] far you know for what it's worth this is what most people come in here with this that's not even a joke so I came to the right place I don't know I don't know you can help me dude I the I have faith in you it's not about me it's your situation I yes I can we can get you to cut you cut you get you cut back all the way we can get you I don't know what we

need to figure out your budget at the end where your expenses are who knows if there's things that PayPal credit oh what do you ow you just refuse to owe a little bit of money $2,739 always basically hit the credit limit minimum to payment of $97 I'm going to I want to punch $70.99 of Interest we've had fees this year and almost $11,000 in interest this year so far on here alone at a 2 29.2 4% interest rate my goodness Q card what is the Q card again brand new cards I swear you just new

cards that have never been seen no that's QVC I'm Cy see I'm old it's obligatory but you you are a generational debt you have all the new debt and all the old debt from like Lori from Shark Tank I don't know going into debt for her listen 30 years ago I wouldn't have gone in I would have gone into debt for her I don't know Lori from Shark T oh that's okay can Q card the minimum of what am I even saying one , 29813 is your balance minimum to payment of $50 l o r

i Lori she's the one that did like Scrub Daddy so oh okay she did The Scrub Daddy deal okay um okay love that show $36 of Interest Rec crewing uh8 years to payoff 32.242262 three oh whoa that was the end of the debt it is unless is there more debt that I have not talked about I I think we're missing one oh good what is it um I recently had to do a loan cuz I had to travel for work you said it gets paid for it it does but not ahead of time and then

you never pay it off anyway you just spend it on you um anyway so I guess what it was like a payday loan is basically what it worked out for you are at 50 making $180 a your ticket out of heyone in what world what tell me I freaked out because I wasn't going to be able to do the trip for them and I was worried I would lose the client so yeah I don't I don't know where that one is what what what is it uh it was $6800 and with all the interest and

everything else it's going to end up costing me like 10 something I owe $4,200 on it currently $128 a day it payments or interest in payments except for on the weekends it's almost $2,500 a month I just what's the balance uh 4200 but it's going to be much higher no no no cuz they it's in total paid you have to pay it yeah you have to pay it even if you pay it off early you couldn't pay it off for cheaper so it yeah it yeah so I owe 4200 on it think I have about

90 days left oh my God maybe no not 90 days probably 45 days have every loan that has been invented besides the like uh uh the little shark guy the lone shark you have every loone but the lone shark unless what's the lone shark loan you must have one no I you you capture every loan exists like they're Poké man no I think just the payday loan was the worst one that one I'm so scared for you yeah did we is that including out in the mdle monthly payments uh 2500 it's 128 35 a day

except for on weekends y this is so you what have you done to your life I'm sorry I don't mean that as like an insult I'm like just like what have you done oh my gosh I I I wonder what he is thinking oh I cannot wait to get a sauce in the PO show if you were my mom I my heart would be I don't even know this is almost like tragedy levels yeah I don't even know if you know how bad this is no I I know um do you cuz you look at

your spending about to go through your spending if you knew how bad it was you're zelling money you're zelling money door dashing Jack's fight clubs World Market hoola car wash chicken and pickle Clara Tick Tock shopping great Academy Sports Car Wash you going to do car wash every second of your life Basin Robins Amazon Amazon Agri comian fetch Tik Tock shop and Amazon and Nike and Amazon and Amazon and nail spa get in our nails dead hot and single ready to McDonald's well that was my daughter she also has my door Dash account no no

no no no she does not no she does not Tik Tok shop Amazon no she does not you don't have money to survive you're taking out payday loans you're taking out payday loans your daughter does not have access to a credit card of yours nor does she have access to a door Dash nor are you paying for her car insurance she can be a grown adult who makes an adult salary a good out of college salary and she could be a adult airports spending sing money out Courtyard Courtyard Amazon Amazon W Fair Amazon Bahama Mama

smoke shop what is that uh gummies to help me sleep have you talked to a doctor um no not well I mean you might be treating something you don't know yeah no no I I have talked to a doctor in the past for the sleep stuff but nothing's really ever helped your mom's a druggy I learned from the best kids what do you think I'll learn about that stuff it's okay I'm pretty sure half my employees basically do like Amazon Freddy's Amazon Amazon nudes Amazon just because you're sending a lot of hot young dads fresh

news n now that you're single doesn't mean you need to be going into nudes and spending $42 65 Zing out money Zing out money Netflix Hulu Hulu clar Tik Tock shop and QVC payment and poo the rescue Nike rock and roll it Peak rude I think those are the The Joint one is not oh yeah good our Capital One pink ending balance negative yeah I don't know which account it is but that's definitely possible or uh I don't know but you went to redo kitchen but you're negative in there no okay that one that one

is actually my ex's account nope she took the he took the joint accounts off I don't know what Red O kitchen is he knew you were going to say that cuz he preemptively typed it and highlighted it red he knew you were going to say that no I really don't though but I I believe you Red O kitchen okay I believe him and all the he smokes on a daily basis yeah overdraft fees I don't think we're surprised oh but don't worry guys we have a dollar and Weeble no the world is saved retirement oh

it's happening $131 in Sofi you know I love it and then $35,000 in our retirement account what do we want you to be at at this point your yearly income probably like over a million just based on your income specifically and the good thing I would say the good thing about my about my income is that I can I mean there are months when it's better like this month I made doesn't matter if you don't send any money aside for taxes right I know this so do you you know but you don't do it well

I know so do you sa for taxes first do you start paying off the debt first IRS comes first IRS be scary IRS can come you all right does yep Okie does I have a pen somewhere is scattered in the Mirage of insanity that this is I don't know what happened to it I assume if I throw this I will hear a thud of a pen at some point I found it your rent was what again 2550 if she needs to get another job your daughter I will be nice for one thing cuz you guys

already got your figured out I will gift her a course career certification if she wants to go on there take their quiz figure out what's best for her for what different side jobs and stuff she can get certified in something she can go make more money if money is her problem say your rent again 2550 is that including utilities no how much for all all utilities including internet um I would say probably 120 for electric 30 for gas internet is 71 uh and water is about 80 301 gas vroom vroom drive drive just you um

uh I think we came I think we looked and said like maybe 250 car insurance if it was just you well I have them separate so I have what's your car ins is 292 how much is hers 263 stop it fun fact your debt Min monthly payments uh $822 $300 for groceries follow our meal plan TW it to your needs $100 for TP fund is anything else you need Nails all the good stuff okay gym are we jimming medical any ongoing medical expenses on a monthly basis uh I mean I have a prescription but I

actually just got a call on the way up here I cuz I had a bunch of biopsies done because I have basil cell all the cancer stuff um so you said you're healthy I am healthy but I do have to get my skin I get my skin checks so but and I just went it had been two years since I'd been so I have to go have a procedure and I know it's going to be even with insurance probably a couple thousand dollars okay but now no no ongoing medical bills no ongoing it's $10 a

month for prescription phone bill if it was just you um it's about it was just me I don't know maybe 150 do you own your phone or do you owe on it oh I owe on mine and on hers when you're done switch to helium to 15 bucks a month I think same tow is s T-Mobile okay saves you money but you have the phone so you said like 150 you need to pay it off first yeah I know they have something like a special application that you can win where they'll pay off your on

but pets do you have pets yes how many one what uh he is a black lab pet insurance no I don't have pet insurance get it okay guess what would you like to guess how much my vet bill has been at the emergency vet for these last couple weeks 5 to 10,000 30 oh my gosh get pet insurance you can't afford it you can't afford it I can't afford it I will hopefully find out soon okay but if I did not have pet insurance that's a lot of money yeah luckily pet insurance helps a lot

does it oh yeah okay good I'm putting 25 bucks in there for you I think how much for dog food uh 70 yes our furry pets are expensive and they love to do dumb stuff she had a little part of a toy little part of a toy oh it's all it was it's all it takes boom $30,000 hour if you don't have pet insurance oh my boom go yep so do it luckily the Vets have been been incredible and everything so yeah but still you never know what they're going to do and you're not just

going to let them no suffer so no I know it happened with my daughter's dog so exactly so have the money or be just prepared anything else I need to put in your life um ongoing we got car insurance uh obviously future taxes yeah um CU you will have to file for the last couple years and this year there's a I mean I know there's a couple of subscriptions that I have for work like Adobe and there's well you can write those off but those yeah don't worry about [Music] those I think Adobe and quick

what are your business expenses yeah how much my business expenses are low okay um I mean 100 bucks a month I mean cool I'll minus that I mean not deducting you know like internet and all those so you make about 10,500 after you set aside money for taxes I'm going to say after business expenses you make about1 000 okay um let's see how much you need to survive I think we're about to quickly find out why you are not paying taxes you say I can help you there's is just a math reality and we've already

surpassed the math reality fun fact as you probably already knew and that's not something I can solve with a magic wand it is going to be a few options that you can do and this is without you giving her anything by the way oh there's also tithing sorry I do that's on there that's 400 a month okay well fun fact I mean without that it cost 12267 two $2,269 to live saveing money for taxes you can't and even if you're not saving money for taxes you barely can so you're not yeah uh the tithing thing

isn't isn't that all isn't it more about if you can like you can't your payments exceed what you have tithing is supposed to come first first their first 10% and I'm not doing my 10% so the tithing is I'm not doing 10% because that would be I mean thousand bucks a month what did it say in the SE book did it say did did it say if you could afford it no I I I understanding and is that you do that first so if you end up going if you end up going bankrupt God will

provide for me okay I guess that's the thumbs up so go bankrupt but I will once this well let me say this once the the payday loan is paid off that's going to open that's going to make a big difference I know that was no you're still going to be behind by uh uh CU that's 2500 a month yeah you're going to still be behind by $5,000 is better sorry sorry sorry sorry $3,000 yeah but that should help you're going to be behind by $33,000 means you need to go make an extra practically $5,500 because

you're going to have to set money aside for taxes yeah so that's your solution is just to break even you need to go make an extra $5,500 now actually about $7,000 now because of the payday loan you need to go make that extra money and set aside money for taxes that's the immediate action or honestly the more realistic dude we went through 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 deaths what do 31

deaths none of them small only one under a thousand now there's a four under 1,000 five 500,000 everything else is over a th000 many over 10,000 yeah um so like today and then include the tithing and you pretty much have to go make an extra $6,000 regardless of the payday loan 6,000 oh and I do have one client and I know this irritate him that I haven't build in several Bill build in several months I know I have um I'm going to guess that they probably owe me about 15 by now bill yeah I wish

i' even made a dent in your situation you know $400,000 in bad debt none of it's good it's not a single debt in here that's good no why haven't you built them um I just their Billing System and I've gotten used to there's no excuse really I mean I just haven't done it I I they're a new client and so I've had these others for so long that I'm like this is what I'm used to making I just need to do it it's been just going in and doing it if we're going to do the

tithing thing which I uh just like okay okay you know that's just a part of you in your life that's not something like a credit card or something it's not something that we can just take away that is a part of you um it's it would be impossible you know for me to have a realistic conversation around that you need to go make the extra money if you're going to tie $500 a month you need to go make an extra $500 a month it's as easy as that okay okay okay now you're just going to

have to go make it and I got like today um I had a an extra project that month so I had an extra 7,000 this month so which is great but that needs to be every month that basically a minimum cuz that needs to be every month at a minimum after setting money aside for taxes that's still only going to put like what an extra ,500 towards taxes Okay cool so or an extra five an extra $1,500 towards our debt cuz I was only trying to get you to break even so okay cool cool cool

extra $1,500 towards our debt let's see let's just do a little math takes you 266 and a half months to pay off your debt in that case um okay that takes 22 years and that's without contributing extra to retirement so all of a sudden that gets us to 72 and we have uh basically no retirement and but at least we're debt free finally like that can't be an option no I think it's bankruptcy yeah I think it's bankruptcy it's bankruptcy or your business essentially doubles yeah and there's not enough hours in the day can you

bring someone on like I don't know how the structure of yours works but I know if if there's not enough if there's not enough hours in the day because there is so much business then usually for a business that suggests then it is time to bring out someone else CU they're able to provide more value to the company than they suck yeah no and and that's that's a possibility I mean it definitely is it's just going about it because if I hire someone they're going to want to make about like what I make if they're

at the right level I need you to start having some conversations well conversations with one collecting that billable hours two with the ex try to see if you can get your money from the sell sold house three might want to talk to just talk to a uh a bankruptcy adviser and bankruptcy lawyers just to see what your options are around there three sell everything everything everything but that's again all these little things they still don't even put like a dent in it even if we're F fully following the method from the boy over there you're

selling everything going crazy everything you probably make a dent of like 100,000 even still it's just 300,000 which is going to be so you're so far behind in retirement that I almost need that to be your focus and even bankruptcy how much is going to be discharged we don't know and then there's the student loans so it's just like are 25 years that I've been paying on them sit down with the people that don't M money there are boys I need you to sit down with someone there and with multiple sessions I need you to

go through their whole process they might have a solution but this is too extensive for the show you can work your ass off but even if you work your ass off and bring that extra 7,000 hours a month home like you did this last month 22 and a half years to pay off all your debt while living on basically nothing it's bankruptcy might be the play and I hate that I hate that CU it's expensive it's stressful you already have enough stress in your life you're taking gummies just asleep like I don't want that extra

stuff on your plate cuz I wouldn't wish that on anyone I wouldn't wish that on anyone all right it also doesn't feel good like on my end to just not pay it believe it or not no of course get it I get it but I'm just thinking that $400 that $400,000 if I just opened my Mumu brokerage and I just bought the S&P 500 what that $400,000 would be worth in 22 and a half years be wild yeah this is where we are I need you to do those actions uh it's the solution from this

show yeah you can put all those actions in the selling everything getting the money from the X for the sold house collecting that $15,000 maybe even get an employee if that's something that's even possible in your business I I don't know if there's really not enough hours in the day for the business that can be done to make more money even still we're probably only making a dent of 75,000 which unfortunately for your situation is unfortunately just not even substantial which is crazy because that's a of money um but as you start tackling these debts

you know of course it's just more and more money you have left on a monthly basis but it still takes 22 years to pay off just about from what we've been able to do in 2 hours so I wish this was a more uplifting ending I think you need to have some serious conversations with people in bankruptcy people in different advising areas people who are able to sit down not for two hours but for like two weeks two months yeah this is just one of those rare situations and honestly this whole week of when this

is being uploaded uh of just thick stack week whatever ever it's called they've been the unique rare situations in this show where the path forward has many angles and none of them are good yeah but it is the situation you got up to uh got into and I will say if you continue down the path of what got you in the situation in the first place there will be no hope and all of it will fall on your children because they will have to take care of you and that is unacceptable right no I agree

let's rev up your daughter cuz we're about to have a hard conversation with her and I'm going to to yell at her if needed we'll do that in the post show make sure you guys join that link in the description below and get watch all our extra shows we have as well in the members spending a budget you over spend 0 out of 10 debt 0 out of 10 you have collections emergency fund you don't have anything in Saving 0 out of 10 retirement is dramatically behind for your age I'll be generous and Give It

2 out of 10 real estate 0 out of 10 for now get that money uh hammer Financial score rounded up 0.5 out of 10 make sure to check out our investing and our budgeting programs which are bundled together at a 15% discount Link in the description below now join us for the financial audit post show today on the financial audit post show we're going to call your sister here in a bit hi I have a little bit of news you're not going to spend on the Target Card anymore or the Walmart card you're also going

to pay for your own phone bill and car insurance because you make a lot of money for your age and you're a grown adult and not a baby I don't love whenever I'm used as a scape goat for it she says you ask three times a month to watch the financial audit post show click the join button below