Man, 23, is SLAMMED after confessing he drained $30,000 in savings AND racked up $9,000 of credit card debt while 'partying' - but REFUSES to work for more than 15 hours a week because it would take away from his 'jiu jitsu training'

A 23-year-old man has been slammed after he confessed that he drained all of his savings due to partying and has since accumulated more than $9,000 in credit card debt - while refusing to work more than 15 hours a week. 

Myles is a field auditor based in Austin, Texas after moving from Pennsylvania, where he was working in construction and making $10,000 to $12,000 a month. 

Following his move, he depleted the entirety of his savings account, which had a sizeable $30,000 in it. 

Now, Myles has found himself struggling to make ends meet as he now brings home just $3,500 a month and has filled up multiple credit cards all the while refusing to put in more than 15 hours a week at a job. 

Myles is a field auditor based in Austin, Texas after moving from Pennsylvania, where he was working in construction and making $10,000 to $12,000 a month

He spoke to Caleb Hammer on YouTube podcast Financial Audit and revealed he spent $30,000 on partying 

The 23-year-old broke down his finances in an episode of Financial Audit with Caleb Hammer that was shared on YouTube

The 23-year-old broke down his finances in an episode of Financial Audit With Caleb Hammer that was shared on YouTube. 

Myles explained that when living in Pennsylvania he was working in construction and was bringing home $10,000 to $12,000. 

He decided to move to Austin when his company offered him a new project there, however, once he arrived the offer fell apart. 

Myles then got a job as a field auditor and was bringing home significantly less money than usual. 

So, he dipped into his savings account to fund his party lifestyle and ended up draining it all. 

While speaking to Caleb, he noted that he worked 15 hours a week, did jiu-jitsu for six hours a day, and spent the majority of his money on eating out with his pals. 

His fun-filled lifestyle caused Myles to rack up more than $9,000 of credit card debt on multiple cards that have 30 per cent interest rates.

He also has to come up with $4,000 to pay for his taxes. Caleb estimated that Myles could be better budgeting about 30 to 35 per cent of his paychecks. 

While speaking to Caleb, he noted that he worked 15 hours a week, did jiu-jitsu for six hours a day, and spent the majority of his money on eating out with his pals

His fun-filled lifestyle caused Myles to rack up more than $9,000 of credit card debt on multiple cards that have 30 per cent interest rates

And to make matters worse, Myles revealed he wasn't willing to work more than 15 hours a week to survive because it would take away from his training. 

Caleb said: 'I don't give a s***, your training it's not providing you anything, physical fitness yes, but longevity financially no. Like you're going to die under a bridge broke but you'll be fit.' 

The financial expert was shocked to hear that the 23-year-old wasn't willing to put in the work to get rid of his debt. 

He added: 'What are you? You're not a baby! What are you doing?! You're building up debt. It's not working!'

Then, he branded Myles 'immature' and noted that most people were 'busting their a**' for more than 40 hours a week and still couldn't make it, while Myles refused to put in more effort. 

Myles said that he didn't want to work more than 15 hours a week because his current plan 'works for him' and if he spent more time at a job, he wouldn't be 'happy.' 

'Do you know how hard people work out there man and they're not even making it and you have the ability to work half as much as them and actually live a good life?' Caleb criticized.

The financial expert was shocked to hear that the 23-year-old wasn't willing to put in the work to get rid of his debt

Caleb then went through his finances and saw the majority of his paycheck was spent on food, snacks, and smoking

'And you're not even willing to do that it's the most immature thing I've ever heard in my life.' 

Myles responded: 'I mean I've worked 120-hour weeks, but then I feel like I run out of time in my day.'

Caleb said that Myles was currently running out of time because he was spending it all on 'fun.'  

He then went through the 23-year-old's finances and saw the majority of his paycheck was spent on food, snacks, and smoking. 

The YouTube finance guru instructed Myles to get a second job, but he refused.

After going back and forth, the duo came up with a plan to get Myles out of debt in five years' time if the 23-year-old boosted his hours. 

By the end of the clip, Myles agreed to work at least 30 hours. 

And while Myles refused to work more, others putting in the hours at their jobs were still finding themselves in hot water when it came to finances. 

Many people have even turned to living in the car or vans because of inflation, while others can't afford cost of living even while making a six-figure salary. 

He noted that he would need more than $2,000 to be able to survive 

After going back and forth, the duo came up with a plan to get Myles out of debt in five years time if the 23-year-old boosted his hours

Due to soaring costs of living, people around the country have been trying to reduce their spending. 

Although inflation has decreased in the past few months, it still remains high and sits at 7.1 per cent.

According to consumer data firm Dunnhumby, one-third of households are skipping meals or reducing their portion sizes to save money. 

Researchers found that 18 per cent of the survey's 2,000 participants noted they weren't getting enough food to eat. 

Furthermore, 31 per cent of households have reduced their portion sizes due to empty pantries as a result of rising grocery store prices.

In addition to food costs, millions of people across the country lack a financial safety net.

According to researchers, 64 per cent of participants admitted they wouldn't be able to raise $400 in an emergency. 

Many have suffered due to inflation, which has caused the prices of basic goods to skyrocket — including the prices of meat and poultry up by 10.4 per cent, cereal up 15.1 per cent, and fruits and vegetables up 8.1 per cent.

Gas prices are another point of pressure for many people around the country, up nearly 60 per cent over the past year, with the cost of airfares up more than 34 per cent and price of used cars up more than seven per cent.

Apparel costs are up by 5.2 per cent, overall shelter costs went up 5.5 per cent and delivery services have gone up 14.4 per cent.