EFFORTPOST Aspiring audio engineer discusses his finances

Some of this might be wrong, but I think I got most of the interesting points. Dude's dug himself a pit and there's not going to be any good way out of it, I think. It's split up based on the timestamps in his description

00:00 Does he even know how much money he makes?

• Weird stuff at the beginning where he doesn't want to show his eyes, location or age.

• Works at a tesla factory

• Financial situation is "pretty wonky"

06:11 Tax fraud?

• Left last job because he didn't want to get vaxxed

• Didn't waste money paying taxes on the interim job

08:49 Weird expenses?

• Two credit cards

• $358 in road tolls, includes late fees? He stalled them to the point of being threatened with court?

10:11 You have NO MONEY!!!

• $3049 in, $5000 out

• "I've been... you could say... investing"

• "I used to budget" "I've maxed all my credit cards" "I used to have thousands money in my savings. All those thousands absolutely gone." "I had to close my savings, in fact I didn't close it myself, the bank just completely deleted it."

11:43 Rent is 60% of his income

• "Undisciplinary actions on a mutual basis when it comes to sharing rent, for sure"

  • His former roommate (family member, brother) ditched him and left him with the lease

• Back and forth about whether the roommate is in fact fricking him over by leaving him with the rent bill

  • The answer seems to be a Yes but apparently it's consensual

• Lease ends in a few months

17:53 You have NO MONEY!!! p2

19:53 Going massively into debt for a dream

• Big money spent on audio equipment, paying in installments

• Learning audio engineering

• Just finished paying off a second(?) $1200 subwoofer

• Splurged a little on audio software plugins

• "I've had chances to make money but I did not at the time receive money"

  • He refused payment because he wasn't satisfied with the quality of his own product

• Believes he will make a thousandfold return on investment

  • Has sunk at least 20k into this

26:33 150% utilization on credit cards!!!!

31:54 DebtCHAOS

• One is over $5400 and the other is $2697

• $1700 over his credit limit, they're still letting him purchase on it

  • $129 interest on that in November? Not sure I heard this right

• "Once I learned I could [spend over the credit card limit] it kinda just set this mentality that I could just do it and then pay it off"

• $6 under the credit limit on the other one

• Got declined on a $1 purchase

• 0% interest until early spring on Credit Card 2

• Been recently building up hardware collection, started out on software but moved onto hardware

34:00 Hidden car debt....

• Car loan

  • More than 60% paid off

  • 4% rate

  • Cosign on the initial purchase, refinanced under his own

  • 2018 Chevy

35:31 Do you even have a financial future at this point?

29:50 Are you willing to sacrifice at all?!

• Mostly backstory stuff

• Had some health problems during the moving job which made him quit

• Been cutting back on fast food

41:51 Clean up this MESS

44:03 Rent is 60% of his income p2

• roughly 1900 on rent on a roughly 50k income? Not certain I heard this one right

• Long defense of the brother because the brother has helped him out bigly in the past?

50:22 Broke forever...

52:35 Hammer Financial Score