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Financial Audit

This $400,000 Debt Will End Financial Audit

Financial Audit

Caleb Hammer

Education, Investing, Business, Self-improvement

4.6633 Ratings

🗓️ 18 October 2024

⏱️ 111 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

To watch episodes of financial audit a week earlier, check us out on YouTube. $400,000 of bad debt without any assets as far as I know yet. You're 50. Yes. Why are you in debt for TikTok shop? I just want to pay it out. What is pay it out? Like pay it out over time. You can't. Your minimum de payments are stacked up every... Everything is so stacked.

0:22.3

Oh, whoa!

0:23.3

That was the end of the debt.

0:26.5

The fattest of stacks we have ever seen.

0:29.2

Hi, my name is Sylvia.

0:30.4

I'm 50 years old.

0:33.1

I'm from Houston, Texas, and this is financial audit.

0:41.1

So normally I would jump into pleasantries and everything, but seeing how this is fat stacks week 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'd 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. There's 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.

1:14.0

Maybe.

1:14.5

So how are we doing a year of vacation if we're an IRS debt?

1:17.1

So, I mean, that's just, this is kind of blowing my mind.

1:19.4

End of Fast Tax Week and IRS debt.

1:24.7

So it's interesting.

1:45.2

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 it. Glad to be here. Glad to be here. 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? Anti-bribery, corruption. So I write policies. But you have IRS debt. Yes, yes, but I will pay it. But there's years of IRS

1:52.6

debt. There is years of IRS debt. Let's pay it in 2040. Maybe, maybe, hopefully sooner.

1:59.6

You'll 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. Uh-huh. Name him because, you know, we use anonymous names, but son guy. He teaches one of the Dave Ramsey classes, yet you have a fast stack of debt and IRS debt.

2:20.6

And your kid teaches the financial peace thing.

2:21.1

I know.

2:22.3

He must not be a good teacher.

2:23.3

Okay.

2:26.1

Well, either him or fuck you or fuck you both.

2:27.1

I don't know what's happening.

...

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