“You Guys Just Showed Up in My Feed!”

[Music] brought to you by the every dooll app start budgeting for free today I was calling to get some advice on my financial situation um so basically I'm going try to keep it short I'm an over the road truck driver I'm an owner operator um when I got into Trucking um as an owner you know back in like 21 everything was good as far as far as that was concerned I was just living just living and spending and um not living on a budget and just the money was kind of just rolling in and everything was great I thought I was doing good um and then things shifted I got I had to have like three surgeries in a little over a year and that had me taking time off work and blowing through my savings and when I I I did the the very what I'm finding is the very popular thing of thinking oh if I pay off all my credit cards in in the same month that's a good thing um so that uh quickly went into me not being able to pay off the balances and you know accumul in more credit card debt and things like that um so anyway so the um I got into a really tough spot I used to work at a bankruptcy law firm and um I reached out to the girls that I know that still work there and they were telling me that yes they looked at my situation they were like yeah you can absolutely file um but they're they're requiring um I guess a trustee is requiring that anybody with a uh with a car note over I think she said $600 or $700 they were going to require you surrender your car they wouldn't let you keep it if you if it's higher than that number so hold on why are you thinking about declaring bankruptcy how bad is it well because I was overwhelmed and I thought I couldn't get out of this hole but that's that's the funny well it's not funny but that's the thing you guys just started showing up on my Facebook feed I never even searched you but somehow here you guys come we're cult dude we'll find you we'll find Jesus will or Jesus will yeah we we've got Kool-Aid that we pass out tomorrow real quick so we can help you because we got a few minutes okay what what give me give me a list of your debts cuz now you're you're thinking oh gosh the only way I can get out this bankruptcy but now you're thinking maybe you can do it okay go medical bills like 50 Grand okay um credit card 15,000 okay um no mortgage and um and then the car I owe like 36 on the car okay and that's it that's my and then my and because I've seen the show my like take-home income is like 60,000 okay and trucking slowed way way way down right very very much yes and I I um yeah I made the mistake of living how like adjusting my life or how it was then instead of thinking how it could go it's all good we're gonna you found us on the internets and we're gonna change it right you um so you have no savings you blew through your savings just to keep in me is that right pretty much okay are you behind on anything right now yeah like I I had got to a place where I just stopped I was like I'mma just file bankruptcy okay has gone into collections the credit cards some of them yeah so okay how many credit cards is the 15,000 uh let's just say maybe eight okay and some of them have gone into collections not all how's your how's the medical debt what's what's the status on that um that's they had me like on a payment arrangement so it's like are you current on that or are you behind on that one no I'm current on the medical bill okay and then last question for your car you owe 36 do you know how much it's worth have you Kelly Blue booked it yeah my Kelly Blue Book said it's between 25 and 29 just depending on how how you sell it yeah yeah yeah okay all right perfect okay so I mean I would first thing is get rid of the car it's too much car for your income um and so you can't yeah you can't afford this car bankruptcy I would not I would take off the table for sure Maris you're not even close so I would um you'll probably have to take a loan for the difference and add a add a couple thousand more on that loan so you can get just a beater car for like five grand four grand uh to get you around and that'll help and and do a private sale because hopefully maybe you can even get 30 out of it right so maybe you're looking at like a 10 grand car note or 10 grand loan versus a 36 um and then these credit cards I would call each of the collection uh the ones that are in collections and I would talk to them and be and be honest about your situation just say hey I don't have a ton but I'm working extra I'm trying to get x amount and as you do your own math about you're probably get an EXT you're going to get an extra job uh to help get some of this cleared up tell them like hey I think I can get you you know if one of the cards has three grand on it just say I can get you $1,728 by this date like try to get like a very specific number to them cuz I mean some of them will for uh you know Pennies on the dollar some of these and get that in writing but I would work that credit I would work that 15,000 down if you can just through negotiations get rid of the car and then that 50 Grand that's left that's going to be the mountain to climb um but I would stay current on it but again you're making 60 right now and I I mean I would try to man I'd try to make 2,000 extra a month I mean I would I would do um are you on the road a lot with Trucking though what's that what's your lifestyle situation yeah like I'm literally on the road right now I had to pull over yeah yeah yeah are are you are you over the road are you um are you you in town no I'm over the road like I'm I'm doing a load to Michigan right now for North Carolina and when you get back do you turn around and flip it and head out again or do you have some downtime well that's the I'm an owner operator so I can do how I want want okay so yeah exactly I heard you mention this a few times Rachel laid out a plan we're not doing bankruptcy here okay we're not trying to hack our way through this but you're going to have to change the way you live yeah and you're going to have to change the way you see the world and right now you're going to have two years of this sucks okay okay if you'll commit right now how old are you I'm 39 all right I want you to write a letter today to 41y Old you oh and tell 41y old you what you're what you decided to do today as a 39y old so that 41y old you could breathe okay okay and I'm going to give you um uh Financial Peace University I'm going to give you all the classes for free I'm going to give you every dollar app for a year so you can start tracking every freaking Penny and this is this is going to be listen it's going to be how you spend money on the road it's going to have be how you get take an extra job you're going to work when you're tired you're going to go and you're going to go you're going to go you're going to go okay and you're going to you're not going to pretend these stupid credit cards don't exist cuz they do you're going to call the companies like Rachel said you're going to stare down this Dragon piece by piece by piece okay yeah is that cool I got it you guys answered my question you can do it Mara it's it's going to be hard I mean it's this is a this is a totally you know from a 39y old Shifting the way you viewed and handle money and it's not going to be fun Mara we always say you can wander your way into to debt but you cannot wander your way out so it's going to be an intense probably two years oh but on the other side of this I'm like it it's going to be it's going to be so hopeful for you so we're you're going to be 41 whether you want to or not the question is you want to be 41 and not ow anybody anything or you want to be 41 and still Chasing Ghosts create your free every dooll budget today the simplest way to budget for your life