23-Year-Old Is Going To Drown In Debt FOREVER
Financial Audit
Caleb Hammer
4.3 • 892 Ratings
🗓️ 30 July 2023
⏱️ 47 minutes
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| 0:00.0 | Say hello to the next generation of Zendesk AI agents, built to deliver resolutions for everyone. |
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| 0:15.1 | This is Lylel. I'm 23 from Berlin, New Jersey, and this is financial audit. |
| 0:19.5 | Okay, thanks for coming down from New Jersey. Now, yes, I just want to say something right out of the gate. Let them know. My voice sounds like death. I don't know why. I don't feel sick. I feel nothing. But I sound like an interview with Miley Cyrus for some reason. I don't know why. Yeah. I'm just full vocal for I today. Thanks for coming down. What do you do for a living in New Jersey? Got a couple things. So my main thing that I do is real estate. Okay. More recently over the past year or so I've gotten into real estate and I have been actually doing real estate more so. Yeah, what's the job in real estate? |
| 0:55.4 | A salesperson. |
| 1:12.6 | So anybody wants to buy a house. Anybody wants to sell a house. You're a realtor? I'm a realtor. Oh, exactly. I forget that that sometimes needs to be clarified, yeah. When did you get your license? Like two years ago. Okay. For the first year, just sat on it. Got my license, paid a bunch of dues, and was like, I have it. Great. |
| 1:45.2 | Then I was like, hey, there's like a $400, like $500 annual due. When that came back around, I was like, oh, I use this thing or I give it up. There's no like just spending $500 a month because I have it. That's when I started coming to the office, feeling around, seeing to actually do real estate. Uh, first year, a couple transactions, nothing crazy. Kind of got my bearings and all that. And this, this year, doing better off. What have you made this year so far? This year, five months that, um, well, yeah. So in these five months, I made around not nothing crazy, because I'm still newer, okay? Four months. But, uh, I made around 15,000 this first year and I'm in contract to make another 15,000 within the next two |
| 1:50.9 | months so and then hopefully I mean we'll see what the second year or the second half of the year |
| 1:56.3 | has for me so yeah we're in the beginning of the fifth month so yeah next month. So that's 30,000 and six months. Yeah. In contract. Those contracts could fall, though. Contracts could fall through. Yeah. I've personally never had one fall through, but I'm newer, so it could happen. So $15,000 over four months. Yeah. And then what else you do? |
| 2:34.6 | You said you do a lot of things? I do a lot of things. I do DoorDash too. Okay. Yeah. DoorDash, I'm typically bringing in. I mean, it fluctuates a lot. So that's what sucks with that because it's all discipline. It's all, do I want to doordash? And then yes or no, kind of. instead of having like a routine that I should follow. |
| 2:36.0 | What do you bring in normally? |
| 2:34.6 | Typically between 600 to a thousand a month yeah well I see here |
| 2:42.3 | and that's I mean there are expenses here's your DoorDash like statement this was in last month |
| 2:48.2 | all of last month you brought in 918 dollars but yeah there were, I mean, there's lots of gas. |
| 2:54.0 | Lots of gas. I pay around $250 to $3 a month, a month on gas. It's painful. So you worked away with like |
| 3:00.5 | $700. Yeah. Okay. And then maintenance on cars. Maintest and cars. Maintest and calculating. Nope. |
| 3:06.3 | Or taxes. Well, yeah. I mean, you're setting money aside for Texas, right? For real estate and this. I'm looking directly like the camera. No, not yet. Why? Because I have debts and I'm like... Well, no, that doesn't matter. You gotta pay the IRS or they're gonna come after you. They're like... I'll say For the past two years, I was able to write off 90% of my income because I drive so much. And the other 10%? Other 10%. It's probably like a couple hundred bucks where I'm like, okay, cool, I made that last month. Here you go. So you pay it. So I pay my taxes off every year. But it's never come out to anything crazy. I know this year because I'm not making anything. Exactly. So I know this year I'm going to make a lot. |
| 3:42.2 | So that's where I need to put money aside. |
| 3:43.5 | Make a lot. |
| 3:44.0 | I mean, we're 15,000. anything crazy. I know this year because I'm not making anything. Exactly. So I know this year I'm going to make a lot. |
| 3:42.2 | So that's where I need to put money aside. |
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