I own my own insurance practice and financial practice a couple of years ago. And basically it was costing more money than what I was making. And I pumped all my savings and I even cleared out some Roths to keep it afloat. Well, I eventually got out of that and didn't realize the negative ledger that I had, the negative account that I had would go into collections. Well, I started paying and then they started calling me on a biweekly basis and then it became six, seven times a week. And I was making consistent payments of 30 to 50 bucks a month. But they stopped calling me and I just want to, you know, I don't want to just think this thing is drawn away and that, you know, I should, I'd be worried about them drawing up a lawsuit against me. What is the debt for? So I, I actually, I actually did the exact opposite of what you believe in regarding, I sold whole life insurance, variable whole life and annuities and, you know, so this is commission chargebacks. Yeah. Yeah. Exactly. When you get paid at this. Yeah. I know. I know. Yep. And so these are commission chargebacks. So the company that you used to sell insurance for is going to sue you. No. So not yet. I'm just, what, but I'm saying, how much do you owe them in commission chargebacks? 1500. So it's really not $1500. Yeah. What do you make now? All right. Right. Now I make around. I'm on page for 75, but I'm also at another job and you're also at another job in addition to the 75. No. Oh, no. And also I, yeah, I bought a more than full time job and I'm on pace to make 75 grand. Got you. But I got in such a hole with my practice that I know, but a $1500 solves this problem. Right. Yeah. Yeah. And you make 75. Yeah. Yeah. Yeah. Yeah. I'm on pace for that. Yeah. Well, what's on pace mean? You either make it. You're going to make it or not. Commission again. Right. Oh, no. It's totally different field. Now I'm in logistics. I do have a stable income, but it does vary on how much I hit it on whether or not. Okay. So what do you make last month, honey? So I pulled in 6,500. Okay. What will you make this month? I'm on pace for around, let's say, 62. Okay. Why can't you just write them a check? I have, you know, I have another range of debts that are frankly far more that have far more urgency than these people. I mean, um, and from a liquidity, like I said, I got in such a hole. I got three blind on my mortgage. How much other debt have you got? Well, let's say about seven grand. Are you current on your home? I am. What's the seven grando? Oh, two other credit cards and then I'm a couple of medical bills. Okay. So why are they more urgent than these people who are getting ready to sue you? Cause this life insurance company is going to sue you, dude. I don't care if they got quiet or not, they're going to, they're going to get their charge back. I've never seen a life insurance company that didn't get a charge back commission back out of somebody's hide. They're coming for this medical bills might get around to it in two or three years credit cards in three or four years, but these boys are coming. I don't care whether they're quiet or not. Right. So $8,500 cleans up your entire mess. And there's a lot more than $8,500 stress in your voice. I think it's because you got the crap knocked out of you. Oh, I did. I like that. Right. Some of your confidence and so this 8,500 bucks, 7,000 of credit cards and medical bills, plus 1500 of commission chargebacks feels like 85,000 in your emotions. Yeah, exactly. Cause here's the thing. I'm making good, you know, good money subjective. I'm making pretty good money, but you are, um, and I am current, but from a liquidity standpoint, you know, I have other investments that are illiquid. I'm not going to take incredible Steve. But I have like right now, it's two, it's $2,000 like other, other investments that are ill liquid. Well, I quite well, I got a couple of mutual funds, a couple of Ross, um, you have mutual funds that are not in a cut, not in a, um, retirement plan. So, well, so I have, I have, um, do you have any non retirement investments? So they're all retirement investments right now. Um, I, I just opened up, like I said, I just opened up a new Roth arch, I actually drained my old one. Um, and like I said, if I, if, if I have an emergency fund right now, if something, if my car broke down or something, I have 2,000 available, liquid, um, I, you know, I know you're going to tell me to pay this off 1500, um, I just did. Yeah. Yeah, but, but what happens is, you know, as soon as you get rid of the money that you have, something worse happens, you know, we want that emergency fund. Dude, you are running so scared. You're not even thinking clear. Okay. $8,500 makes your whole stomach unwind and it's in your throat. $8,000 lousy dollars. It's not $85,000 and you make $75,000. You need to sit down and do a written budget tonight. Are you married? No. Okay. Um, you need to sit down and do a written budget, detail out exactly where every dollar of your money is going to go this month, list your debts, smallest debt to largest debt and begin to pay them off as soon as possible, take 1,000 of the 2,000 and apply to that liquid date, all non retirement investments. I don't want to hear ill liquid investments, there's no such thing. Sell the stupid Bitcoin. Sell the stupid whole life policy. Get out of it. Get your money out. You need the money because honey, if you didn't have, if you didn't have this $8,500 worth of debt, you would have, you have so much peace in your life and you could put the rest of this crap in your rear view mirror. Yeah. I would get busy too. You know, you can make money. It sounds like you're a single guy. You've got some time. I would be freelancing in the logistics space. I would be, if I have to go drive, deliver, do landscaping, just to get yourself some breathing room because you can knock this out really quickly. You just start calculating how many hours would I need to work at X amount of dollars to make an additional $8,500. Just start playing with this and start to see possibilities. You make $6,500 a month, you're a single guy. And so you put $2,000 a month on this. You're done in three months, four months. I think the budget probably takes care of this. Yeah. Sit down and do a budget. Sit down and lay out how you're going to do it. And so $2,000 a month, four months, you're done. That's it. And then you build up your savings, a good three to six months of expenses, and then you figured out that. So yeah. So folks, I'm 85% of the people that start in the whole life business as life insurance salesman are gone in one year. That's what that is. Create your free every dollar budget today, the simplest way to budget for your life.
