Homeless Guy on student loan (debt) repayment, tight lips, accountability, social class changes [2024-04-19]

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Homeless Guy on student loan (debt) repayment, tight lips, accountability, social class changes [2024-04-19]

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Homeless Guy on student loan (debt) repayment, tight lips, accountability, social class changes [2024-04-19]


Thinking about when I'm not longer homeless, when do I resume payment on my student loans? I can feel the pearl clutchers now, trembling in the horror of not actively repaying. Anyway, I won't be able to be open about my finances when I'm not destitute any more until my debts are repaid. But there will be some overlap, like I should get housing before I worry about repayment... not everyone will agree with that, naturally... not looking to bring the issue to court, because I just don't have time even less than I don't have money.

Does the owner of the debt have a karmic duty to care about the well being of the account holders? Like I can't repay if I'm dead, so there might be a logical middle ground. In biblical slavery, there's some nuance... modern employment is basically biblical slavery, I did some streams on that topic to another channel, might still have them... not sure they'd be safe on YouTube, I did it to Twitch some years ago.

Thinking about budget and launching a business while in poverty, feels like the best route is to work to support myself and invest in the business. If we can get my income to 2x minimum wage jobs via Patreon/Venmo/etc. then I can quit and do this full time like a job.

Anyway, besides thinking about that, just a public service announcement: this channel is not and will never be monetized. I will plug my own work, probably never anyone else's... may be better at discernment now, but after losing friends of 10-15+ years en masse, I'm a little careful about letting someone in my circle. Thanks for watching and supporting.

Respectable channel I mentioned toward the end, self-supported: https://www.youtube.com/watch?v=MZ7M_5pA7LQ




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you. Oh, and welcome to the iSpoog daily channel. This is an experimental

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tech and media brand. We're doing 20 minute daily videos. Usually on the

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topic, phoneless guy, this or that. Starting to feel like I want to, I don't

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know, it's feeling repetitive. I need some way to track what I've talked

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about and what I'm about in this and that. So it's not a regular YouTube

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channel with content strategy and selling something. This is one

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important public service announcement that I feel, you know, meta kind of

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announcement for the channel is this channel is not and will never be

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monetized. I'm not trying to make it as a YouTuber necessarily. I'm trying to use

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YouTube to figure out what I'm good at. Find my people, connect, build, etc.

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Like a social network. I've talked about a ton of different stuff I do. I build

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apps. I, you know, I don't want to put myself in any kind of box. For work, I'm

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a dishwasher. And I build apps. I build hardware like I've been in the game

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for a long time since I was a teenager more than half my life. And we've got the

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biggest food bill that I've spent in a long time, almost $30 on food. Can you

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believe that? $30. So this is about three days. So I splurge and got some

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chips. And then I got bagels and peanut butter. And then I got the usual three

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cans of everything I need to make my rice and beans in the park. And one can of

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cooking fuel lasts probably 20 or so meals of the rice and beans. And yeah, so

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there's like $27 for all that. I didn't get the fuel. Not that blah, blah, blah. Anyway,

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yeah. So the channel's not here to make money. What's it here for? Well, I'm a, you

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know, entrepreneurial curious technical and businessy minded person. You know, I just

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like to know what the platform's offer. Oh, maybe you can see behind me. I've got the

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solar out of the car. I've got two panels, actually, and two batteries. And I'm

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really surprised to find that my 30 watt foldable panel is delivering almost the

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same output as the 100 watt panel at the same angle and everything. Same position

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everything. So that is a good prospect for taking the stuff out to the woods. I've

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done some talks out in the woods and thought about getting the panel out there

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being unreasonable. But yeah, so I can easily bring that foldable panel. I just

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thought since it's like 30 watts, it would not deliver nearly the same output. But

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it's a different cell technology as well. So maybe it's a better technology. More

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efficient or whatever. So I got a raise in cinnamon baggle with peanut butter.

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Technically, I could toast it, but I just want to eat it. I'm good. So yeah, it's a

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non-profit channel. So yeah, something that I was going to mention is like, okay,

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so once a person isn't homeless anymore, like my version of homeless is not

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having a choice. And I feel like about the third paycheck at my job, might push

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me to not homeless, maybe the fourth and less like something crazy comes up.

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So let's do not homeless anymore. Like, if you have debts, like student loans,

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how much should a homeless person be paying towards this student loans every month?

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I think an agreeable amount would be zero dollars. And that's why I told the

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loan service in company two or three loan sales to go, right? Because loans can be sold

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to other companies. And yeah, I could have paid all my loans back, staff

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for engineering, paid good. Only like 40k total, state school, good on. Good financial aid,

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most of the time, that's 40k with on-campus housing for two of the years. So,

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not crazy. I got a degree in computer science for my state school after I knew I wanted to do it as a

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career. Zero risk, right? Like the best degree you can get. I was already in the field.

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I wanted to level up from developer to engineer and so I did. But anyway, so, one does it come

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time to pay to start paying it back. Before I'm housed, when I'm not food secure,

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probably not. Once I'm housed, how much savings? You know, I lose my job. I either

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or am forced to quit, which is the more likely case what usually happens. Just because I can't

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tolerate something anymore, blah, blah, blah. Anyway, my job now is very good. But minimum wage,

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pay. So, last, I was repaying like $600 a month. Should a homeless person pay $600 a month

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towards their student loans or towards rent? Probably federal poverty is 1,500 a month.

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I had a son on bribe and using for a long time. I might be like 1,400 or 1,15,

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some, whatever, but in that ballpark 1,500 a month. 750 every 2 week pay check after tax.

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So, you've got that money to work with as well as payback your debts with whatever money you

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can after that. Is 1,500 enough to do much? No, not really. But if you live on the street in a tent,

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it is. So, do you just, since you're not in housing now, payback your debts and then get into housing

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or do you get into housing and payback your debts? When you're in housing, how much savings

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should you have? I know I'm reiterating this. Most Americans are paycheck to paycheck.

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I mean, I feel like the business guy answer would be as soon as you have income, you need to be

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paying it back. Even just a little bit, even just 50 a month, whatever. 50 a month is a lot of

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money. That's like $2 a day. Oh, just go without this or that. There's not much going without this

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or that without another or whatever needing to overcompensate and spend more there. Man, it's a

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game of lacimal saving money below 1500 a month expense, I think. You can happen to do it for a while,

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like if you have a paid off car or something, but eventually it's going to need maintenance. So where's

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your maintenance budget coming from? You need to be putting a little away for that kind of stuff, right?

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So all of that will always end up as like 1500 a month. If you've got some financial literacy

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in there. So to me, that would be kind of the point is once your layer one mazlos and layer two mazlos

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are satisfied then you start paying back. As far as savings, I think it would be better to be

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better than average, so maybe you've got three months of savings before you start paying back,

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something like that, three months of expenses. So 4,500, you got five grand in the bank and then

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you start paying stuff back, sounds reasonable. Now on the lower level,

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so you never know who's watching the YouTube channel, right? Something extremely interesting happened

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just moments after I published the second video yesterday, which I'm not going to tell us all about.

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I like to do that and then see who comes to me and tells me things that I already saw but didn't say anything

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about. Contrary to what it may seem like, yeah, I'm like super open and candid about a lot of

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stuff on camera, but every now and then you see me decline to talk about things, right? You know,

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I've not said anybody's name here. The only time I'll say a name is a relative who is posing as an

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elder and I think I'm not going to do that anymore, like even an older cousin, you know, an

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aunt and uncle, a parent, whatever, or a boss, a manager, you take on management responsibilities.

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So get this IBM said AI cannot be held or software cannot be held accountable,

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thus it must not make management decisions. So AI is software, shouldn't be a manager. A human needs

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to be a manager because managers need to be accountable. You go ahead and become somebody's manager,

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my manager, you're accountable if you screw me over. I'm going to say your name. Is that wrong?

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Some might say yes. I mean, when you do business with me, you don't have to worry unless you

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hire me as an employee, then you're my manager. So I've said the names of my open table managers,

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and our lawyers, you know, they're on the public record as well. These things you can go to the

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courthouse and find all the names. My relatives, same thing, and I say relative, not family,

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family is chosen. It's of the spirit. Relatives are simply blood. You're born into it. Jesus is here to

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separate father, you know, dad from son, if they're not cut from the same cloth.

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So you start making money. So that's the official route. So the unofficial route is just you don't

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know who's watching. And so now you're talking about, yeah, I have money. I have money. I have money.

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Now, if there's other homeless people who are watching the channel, who want to make a move or

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robbing or something, then they know when to do it, right? They're watching, like if I start showing

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off computer stuff, they know while I'm at work, stuff's in my car, right? So that is half true.

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On the other hand, once I can afford gas and stuff, I'll be able to go to storage more,

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you know, have like a weekly cycle, something like that. So there may still be vulnerable times.

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I may be able to get a coworking space, leave stuff in a locker there, something like that.

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But you have to have some operational security, like for a while, I was calling out thanks

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for this much donation, thanks for that much donation with the initials of the people.

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Never said their names either. Just the initials.

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And yeah, like that's not going to scale over the long term until

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basically, like all my debts are paid off, because you never know, like who's sold that's to who

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it's had read, et cetera. Like one of my thinking is my dad, he has lent me a good amount of money

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over time, which we'll get paid back. It was never enough at one time to do anything substantial with.

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It was like, you know, small amounts to cover, you know, maybe even like living level on a week

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to week month to month level, but not enough to like run a business or anything like that.

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And without the peace of mind, because there was never a guarantee of like you're going to get this

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every month except for when my mom died. And it was given three grand size like, okay,

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500 a week for six weeks. That was really nice. I could set up a routine. That's where I wrote

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the better part of my book, structured it. Before the split, before the basic and luxury split.

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But then I then one more period from like October to December. So I had just a few months

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of predictable income, but without it being predictable, you can't make plans, you can't

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buy equipment, you know, you can't run ad campaigns because you don't know on a week to

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week basis, am I going to get it next week, am I going to get it next week, right? It's just like

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if I have it and I feel like giving it to you, then you'll get it and you still have to pay it back,

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of course. So the amount sounds high, but it was not like, and yeah, third world people are going

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to be like jumping around, fling in their turds at the wall, angry jealous envy, oh, if you can't do it

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with that much money, well, you have to factor in because of living is a lot more here.

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It doesn't matter if you live in a car, it doesn't matter if you're in California, if you're

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in the Midwest, whatever. You can't run a business on poverty level income. You can run a business

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on poverty level income, you can't get a business off the ground. You're not going to have

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the mental peace needed to thrive. Like the worst way to start a business is with no savings,

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nothing, quit your job, start the business. You just can't do it. You can't be in an abandoned

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state of mind or anything like that. So the best way to do it is what I'm doing, which is to work

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for minimum wage and then build it. Now, if you guys double my support to double, if you guys

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get my support to double minimum wage, then I can quit that job, do this 100% time, feel free,

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links in description. Venmo is definitely the most helpful. I haven't checked in a long time.

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Once I am closer to out of homelessness or out of homelessness, I should be able to

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set that up. And especially if I go and find a big pile of contributions, like then

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I might even be able to, you know, I want to say get a campground for a couple days and just

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hang out there and like make a big plan, et cetera, et cetera. But I still need to get a cell phone.

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I don't have a cell phone. I should probably put a nice chunk aside for car maintenance because

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there's some stuff that should get done. But yeah, ad support will never even be a temptation on

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this channel, like I said in the beginning. Between computer science and journalism,

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I'm like a really journalistic person and operator. I don't want to have any kind of bias,

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cloud, especially tiny data center where I'm basically advising people what hardware to get.

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I don't want to just like have one of my sponsors be one of those providers and be like, yeah,

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I can only say good things about these guys. Like would I take a free model to sample with?

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Probably. I wish I could remember the name of the channel. I'll link it in the description below.

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But there's like a car channel and I really like the guy's explanation of

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he's like, all the car YouTubers are gone or something like that, or all my friends are gone,

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off YouTube or whatever. YouTube's changed or something like that. So I kind of feel like he feels,

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like he does it for a lot of it. He's a working mechanic. You know, he doesn't take donations

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for the channel. I still may. But yeah, we're going on the 20 minute mark. I feel like this one was a

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lot less complaining, which is good. So thanks for sticking around, especially if you've been

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coming back, especially thanks if you've contributed. Day by day at this point, we'll see how it goes.

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The goal is 10 videos last month. That's blown away. But since there's so much interest, we've

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kept going. So thanks a lot. Take care. Bye.


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