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Chapter 1: What financial struggles are discussed at the beginning?
You're getting sued?
One of my credit cards that I haven't been able to settle on, they are threatening to take me to court.
Or maybe be more responsible and not a complete dumbass. Or maybe be more responsible. Go f*** yourself. You're just a child. I just think you need to shut the f*** up. Yeah, but your entire excuse that the banking system's a scam isn't what f***ed you. You swiped. You chose to. Much more valid.
I just said 25 to 50% is their fault.
No, 100% is yours. This is not a question. We're not doing this. Pick her up. I'm done. I'm not filming. I just launched the brand new Hammer Elite app available on every major platform. To celebrate the app launch, I'm offering 30% off the annual plan in the month of June only. Plus, I have an exclusive offer just for you, but I'll only have a thousand available to purchase.
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Hi, I'm Raven. I'm 31. I'm from Denver, Colorado, and this is Financial Audit.
Thanks for coming over to Austin. What do you do in Denver for a living?
I do a couple things.
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Chapter 2: How does personal responsibility factor into financial decisions?
I own my own business. I'm an esthetician, so I mainly do eyelash extensions. And then I have a side gig doing frosting over at a bakery.
Okay, so you can't like help with my skincare because that's what I thought esthetician was.
It is.
You just do eyelashes.
I mostly do eyelashes. It's my scope of practice, but I do help people with skincare.
Women do eyelash shit. So, I mean, it works. People pay for that. I hope you're making money because Denver, expensive. Not a cheap city by any means. So that second one sounds like a more stable source of income. Let's talk about that first. What do you make in that position? What did you say? You're like decorating cakes?
I'm a froster at a bakery. So I don't necessarily decorate. I literally just put frosting on cake.
Okay, I assume that's low paid because that's low skilled because everyone can do that.
Yeah, pretty much. What do you make? $18 an hour.
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Chapter 3: What are the implications of debt on personal relationships?
Every two weeks? Every week?
Yes, every two weeks.
$7.50?
Yeah.
$7.50 is $1,000. You're not going to fuck $1,500. You are not surviving off of that. Please, please tell me this esthetician shit makes money because that's nothing.
I mean, it helps pay the bills, I assure you.
Well, it could help pay the bills making $5. It could help pay the bills making $5,000. How much does it actually help pay the bills? What do you make?
Total with both is $5,000 a month. With my eyelash business.
Okay, so your eyelash business substantially makes more.
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Chapter 4: How can one improve their financial situation?
They're the ones with the guns, by the way.
I'm not paying payment plans on my current taxes. For your previous taxes.
Previous, not future. Setting aside is for future, not previous.
Yeah, but I owe freaking $1,200.
How long have you been doing this? You should be filing estimated quarterlies anyway. You'll get penalties for not.
Estimated quarterlies if I had the money to give them quarterly.
You do if you set aside money for taxes.
You keep saying set aside. Like I have extra money to set aside.
You do because the only reason you would ever set aside money for taxes is because money came in or else you wouldn't have to set aside taxes.
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Chapter 5: What sacrifices are needed for entrepreneurship?
I'm not saying that's the dream life, but you are choosing entrepreneur. You don't get to be the office jockey. You don't get to have that lifestyle. If you're trying to build your own business, you have to sacrifice. Figure it the f*** out. So national debt relief. We have this here. And listen, do not get me wrong. It is okay to do consolidation. It might be okay to do this.
You know, letting everything go to collections is certainly a risk. Now you're finding yourself in that position. So bankruptcy, collections, national debt relief, personal loan, it's all good. But not unless you change your behavior first or else you end up in the same situation you already were before. And now we're starting to see that with you.
Chapter 6: What are the risks of debt relief options?
So like even for example, calebhammer.com, we have personal loans at low rates that people can apply to. It is great for consolidation or for a personal project, whatever it is. If you have changed your behavior, That way it can save you a lot of money. If you don't, you're f***ed, just like you, because you're f***ed because you didn't change your behavior before you did this.
So what happened with this?
Yeah, so I had my accounts. I think it was like four or five, a couple of them small. The other one's big. National Debt Relief. I called them because I was about to have to stop making payments anyway because it was like $1,200 a month in debt I was paying, not including like bills and shit. So I signed up for National Debt Relief, and they told me to stop paying all of my accounts immediately.
Yeah, let it go to collections so they can negotiate.
Yeah. And they negotiated mainly with one, or two, and then they're working on the other ones, except for the other big card they decided to drop because they couldn't make an arrangement with them.
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Chapter 7: How does personal responsibility affect financial health?
They sent me three separate settlements, and they were all like, I have to give them like $4,000 right now.
Yeah.
Which I clearly didn't have.
Welcome to settlements.
Yes, which I clearly didn't have.
What's the whole point of doing this?
The other one that got settled, they just started making payments on, and that was fine. Yeah. So that wasn't an issue. So they said that there was going to be legal trouble, so they dropped it. They dropped that card completely, so now it's up to me.
Okay, and what's your plan with them? Okay, so with that card completely, I understand they're not willing to accept it for less, but if you called them, ask to get on a payment plan.
Yes, and they said no unless I can give them $500 a month at least.
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Chapter 8: What strategies can help manage debt effectively?
They didn't tell me to calm down when I was yelling.
Okay, so current debt owed on here is that $10,573 down from $26,000 because $16,000 has been settled. Sounds about right. Okay, so what's your process with these? Are you on minimum payment? What's going on? What do I write down?
So for the cards that are being paid through National Debt Relief, I give them about $600 a month for those ones being paid off.
Okay, so yes, an extra $500 would be difficult when you add on top of the $600. Okay. How long has this been in this national debt relief?
A year and a half. I think it was last January.
Okay. And have you opened any new debt since?
No, they won't let me. I have no open accounts. Thank you. And Affirm didn't even want me.
Okay, so how'd you even get into the position where you just couldn't make payments anymore anyway that you like called National Debt Relief?
So I had my two big cards. And the reason I got those two big cards was... Two big cards. Yeah, sorry. I keep calling them two big cards. It was the two U.S. bank cards that eventually got racked up to the $15,000. And then after fees and stuff, they were like at $17,000. So those were my main worries.
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