Financial Audit My Lawyer Had To Step In | Financial Audit
Sep 10, 2025
Ivory opens up about her dual life juggling a prop-house job and irregular music gigs, revealing the struggles of inconsistent income. She dives into the challenges of taking out loans for gear and the reality of low-paying shows. The conversation takes a sharp turn as she discusses a cycle of payday loans and failed debt relief attempts. From unconventional income sources like sperm donation to the pitfalls of pawn loans, it's a rollercoaster of financial missteps and coping mechanisms. Caleb offers actionable budget advice to help break the cycle.
AI Snips
Chapters
Transcript
Episode notes
Always Reserve Money For Taxes
- Set aside taxes when you freelance and treat them as non-negotiable savings.
- Pay estimated quarterly taxes so you avoid surprise tax bills and penalties.
Passion vs Financial Reality
- Passion can cost more than joy if it prevents earning enough to cover basic needs.
- Staying in expensive cities without a stable income amplifies financial fragility.
Bought Gear With Loans For Career Growth
- Ivory took large loans after a good job to buy instruments and production gear she hoped would expand her career.
- She later scored short projects but earnings were inconsistent and didn't cover debt.