“He’s Terrible at His Job!”

[Music] brought to you by the every dooll app start budgeting for free today hi guys um I'm in Amasia bind with my husband um we were doing pretty well at one point and I guess with everything that's going on with the world his business is not doing as well um I don't work because I just had a baby and my husband is doing terrible at his job and now he has to do Uber um we have Financial Peace University we know about saving and putting money away but we don't have the money to um I want to work but we feel as though bringing my child to to child care would be an extra expense we just don't know what to do at this point sure tell us about what do you mean when you say he's not doing well at his job does he own his own business yes he used to be a property acquisition he used to do prop property acquisitions he worked in like real estate um he sold and bought land and he was doing very well at one point he was doing about 200k or so a month or I'm sorry a year but now um I guess no one wants to buy I'm not really sure how that works but no one's really buying anything and he's just hasn't closed he only closed one deal this year in I think April and it was like 15K that used to be consistent but now it's not so we've only had one closing and it's just it's just been really really bad for us well he's got some experience in real estate correct yes he sales in sales too I I just would if if he was on the phone the first thing I'd say to him is is listen man um the the economy and demand can change something has happened there but but and I and I honor him Natalie for jumping in the car and driving Uber but it's just a horrible exchange uh for money for his time when he's got so much uh transferable experience and skill and I think he's got to be looking at high paying sales jobs or at least jobs that have higher levels of commission he just has so much more to offer both of you uh and his ability to earn money and Uber is not it so the first thing is you guys have an income issue not a budget problem because you're down to one income and it's a very small income correct right and we have a high debt too we have like um 460,000 in debt what kind of debt is that credit cards um we have our home we have a heat loock how much of the 460 is your home 217,000 and what about the heck 149,000 wow and I have student loans too yeah like he got the heck out to try and I don't know make it work for his business but it failed yeah so now it's like we're all well he made a very risky move and it didn't pan out because life happens he's regretting it now do you have family around you all we don't that's another tough issue what's your home worth I don't know I think he said like 400 or 500,000 okay so you guys have you know 2 250 maybe 300 equity in the home which is good um what are you doing to pay the bills now how much money do you guys have in savings we don't have a savings we used it all up because we haven't gotten any closings or anything in the past so are you living off of credit cards right now no we're very behind on everything so you can't make any payments barely are you going to lose the house um right now I don't know what were you doing for work before or you were staying at home with the baby um I was an underwriter I was um a full-time underwriter and um what were you making for commercial lines about this was like six years ago I haven't worked in six years okay um but back then I was making about so you you were home before you guys even had kids yeah after my first child he just said you know stay home you know okay so you have your second okay yeah um I I'm okay George I'm GNA give it over to you but I got to jump in really quickly here Natalie you're going to have to get very Innovative and creative with child care I agree it's not a daycare because that's going to end up eating up a lot of the money if not most of what you would go earn but you guys need to get involved in a church you need to get involved in you you neighbors you got to talk to anybody and everybody you know say is there a grandmother that's looking to make a little bit of extra cash because you are going to have to get back to work you guys are in an absolute Big Time emergency and you have to work which means you find somebody older uh my wife and I did this is why I'm giving you an example somebody who's not looking to make a bunch of money off of you but would be would be very happy to take care of kiddos you're you're not worried about them because you know they're in good hands with a grandama or somebody like that who's who's raised children and you know her and trust her and she takes care of the babies for a fraction of the cost of daycare but you have got to work and he's got to get out of uber he's only ubering uh the graveyard shift uh he's not sleeping um he's working two and three jobs but he's got to take that sales experience and go get a sales job immediately George and I don't see daycare as an add expense or child care if you're making 4,000 and daycare cost, 1500 well you still have 2500 bucks that put food on the table and so yeah you're right if you're not making that much to where it's just a walk it may not be worth it but I would want to see you go make 50 Grand back in the underwriting world or whatever you were doing whatever your skills transferred to or else they're going to have to sell this house and then what that's the worst case scenario is we sell the house we pay off all of our debt and we rent once we have a foundation under us of debt free with an emergency fund but I think you guys your world just got rocked you were live in Lita Loca spending enjoying your Li big lifestyle and we have to choose reality which is that life we got to grieve that life it is over for now maybe we'll be there again one day and I think you will be but for now we got to live like broke college kids and just make ends meat cover four walls food utility shelter Transportation insurance and the rest of the debts if you can't make the payments you can't make the payments the credit cards tell them hey we don't have money right now we can't pay you here's what we can do but the big thing here is your house you can't get behind on this mortgage what's the payment every month um 2452 I believe okay so if you guys aren't consistently bringing home 8 n 10 grand this house is not going to be sustainable on top of your other bills but I think the key for you guys is looking at reality it's scary at first but if you list it all out in every dollar which I'll gift you guys that's our treat one year of every dollar premium to help you through this you're going to list your income your expenses then Begins the work of going what can we cut from this budget and the truth is pretty much everything yeah very little is necessary right now when we're in this phase and then we're going to look look at making more so how can we spend less how can we make more and uh Natalie we're also going to uh we're going to give you one session with one of our financial coaches here in the building uh or wherever we're going to put you with the financial coach one of our coaches because you need to be able to go beyond this phone call we can't walk through the minutia of some of the steps you're going to have to take so if you'll meet agree to meet with one of our coaches uh hang on the line and we'll cover the cost we'll cover the cost of a financial coach to help you out but you guys can do this but we're talking about the mindset is absolutely we are in a five alarm fire and we've got to get out of the fire we don't sit there and think about the fire we get out with everything we've got create your free every dollar budget today the simplest way to budget for your life