Jacob Stone 34 years old Austin, TX

$4044 a month in needs minimum (74% of income)

I might have gotten some of the deets wrong

Career - Instructional Designer

• Was in the National Guard at some point

• Makes e-learning/training videos

• Income - $100'000, yearly bonus around $2k

• Sidegig - Filmmaker, youtuber doing filmmaker tutorials

  • Allegedly this pays well but not at the level he's at

  • A little less than a thousand monthly

Debt -

• Kept getting credit cards in teens/twenties, not tracking spending, taking loans

• "Even my parents are still in debt and they're in their sixties"

• Put debt into debt relief program, closed most credit cards, hasn't used in a few years

• $801 minimum monthly car payment

  • 2020 used 2020 Toyota 4runner

  • $43'000k remaining on it

  • 11.7% interest rate

  • 56'000 miles on it

  • Got it last October

• Debt Relief Program (interesting hustle Timestamp)

  • $400 a month minimum, includes fee ($75 flat per month, something else for settlement baked in as well)

  • Owed 27000, has about 11'000 paid off or settled already

  • Apparently a 23% interest? (Caleb says it's closer to 30 )

  • Started in 2018 or 2019

• $16'000 owed to the IRS

  • Got hired as a contractor contact to hire thing, forgot to put money aside for taxes

  • Was on a payment plan, $198 and around 11% interest rate

• Student loans

  • Didn't catch the amount

  • Highest 6% and lowest is 4%

  • around $400 monthy payment when it resumes

$108'856 TOTAL DEBT

• 33% of income going to minimum payments

Expenses -

• Lot of Amazon

• Lot of eating out

• $400 a month for debt relief program

• $1100 rent, splits with a roommate (4 bedroom house somehow, sounds extremely comfy)

• Financed a pair of shoes through Amazon, $25 payments

• Financed a domain name $15 payments

• $45 biweekly for someone to mow their lawn

• Montly payment to fitness coach, missed the tag on this (he's planning on quitting that)

• $286 Krav Maga classes monthly

• 10.83 OnlyFans

• 11.93 OnlyFans

• Utilities $175-$195

• Car Insurance $340 a month

• $100 a month on Gas

• $104 a month Phone bill

Savings -

• Account 1: 261 starting month, 240 ending month

• Account 2: $343 starting month, $0.00 ending month

• No overdrafts this year but has "quite a bit" in the past

• 3% contribution to 401k, 1.5% is matched

• Retirement "A few thousand in his current 401k and 1600 in an IRA"