- 7 months ago
Category
✨
PeopleTranscript
00:00This week on Hogan Knows Best, Brooke has to start fending for herself when it comes to financing her career.
00:05You're using the credit card like no tomorrow.
00:09And it turns out she's inherited some of Linda's spending habits.
00:12And you spend how much on this?
00:14$6,000?
00:15So that means $8,000.
00:17Brooke has to learn the hard way, so I'll be teaching Hogan Financing 101.
00:21You're in trouble.
00:22Mm-hmm.
00:23Because you don't have enough money to pay for that stuff.
00:25And she's going to have to ace this course.
00:27Idiot's guide to personal finance.
00:29I have to read it.
00:30Because the only bouncing will be on stage, not in her checkbook.
00:39Yo.
00:40Uh-uh.
00:41Hold on.
00:42Yo, Linda.
00:43Did you call the kids?
00:46Nick.
00:47Mom.
00:48How are you?
00:48Mom.
00:49Mom.
00:49Mom.
00:49Mom.
00:50Mom.
00:50Mom.
00:50Mom.
00:51Mom.
00:51Mom.
00:51Mom.
00:52Mom.
00:52Mom.
00:53Mom.
00:53Mom.
00:54Mom.
00:55Mom.
00:55Mom.
00:56Mom.
00:56Mom.
00:57Mom.
00:57Mom.
00:58Mom.
00:58Mom.
00:59Where is everybody?
01:05Hogan knows best.
01:10Hey, you guys.
01:11Can I have your attention?
01:12Can you come sit at the table?
01:13I just have to go over some stuff with you real quickly.
01:16Okay.
01:17Okay.
01:18I just need you to see some of these expenses between their show date, the practice date,
01:21all the rehearsals that you guys had to do, your choreographer's fee, we're in the red.
01:27How can we lose money?
01:28How can we lose money?
01:29I mean, we've made money.
01:30You're using the credit card like no tomorrow.
01:32Brooke, $700 at guests.
01:34Okay.
01:35Okay.
01:36Four or $500 at BB.
01:37You're out of control.
01:38Restaurants, shopping.
01:39You pay Danny $100 for him to come to the house and blow-dry your hair like J-Lo.
01:45You have paid somebody $100 to blow-dry your hair?
01:47I mean, if you're J-Lo, you could afford to do that, but you're not J-Lo.
01:52That's ridiculous.
01:53I think if you were paying $100 a day to have someone blow-dry your hair and it was coming
02:00out of your wallet, you might realize how ridiculous that is.
02:03Your mother and I would think you should be in charge of your own finances, especially
02:07since you're making money.
02:10Time to step up, Clyde.
02:12Yes.
02:13In the beginning, your mom and I dumped a lot of money.
02:16I mean, a couple million bucks over the last four or five years.
02:19And to get you here, we don't have a whole heck of a lot of money for the music stuff
02:23right now.
02:24And the money that we set aside, all these checkbooks and their credit cards, they're
02:28all moved into your world or your account.
02:31And you really have a great opportunity here, so be smart about it.
02:34Here's your checkbook.
02:35Here, let me sign this check for you.
02:39I don't think she's serious.
02:40Mom, no, I understand.
02:41Well, she'll get serious when she starts writing these checks.
02:43I understand.
02:44People actually get diseases of, like, spenderaholics, whatever.
02:48Probably was genetically passed down.
02:50I told you I hid on my credit card.
02:52I don't know.
02:53Yeah, right.
02:54Well, Brooke, believe it or not, this is a really good step for you in the right direction.
02:57Well, that means that I have control over everything, even creative.
03:01You're in control now.
03:02Yay!
03:03It's a lot of responsibility.
03:04I think you're going to be a little bit surprised, but, you know.
03:07I probably will be, but it's nothing I can't handle.
03:09Now, if I can get a handle on your spending, maybe we could survive.
03:12Mm-hmm.
03:13Whatever.
03:14It's so hot out here.
03:15I know.
03:16Oh, my God.
03:17I'm actually really excited, because my parents are like, I get to do my own thing with my
03:18own money.
03:19That's good.
03:20They know you got some money.
03:21So I need to go find some stuff for all my shows, because I haven't bought any of my
03:22dancers any clothes.
03:23It's got to fit well, and I have to be able to dance in it, so.
03:24Yeah.
03:25Which pretty much means spending a little bit of money.
03:26Yeah, right, a lot of money.
03:27Yeah.
03:28You forgot where we live.
03:29Yeah.
03:30That's right, Miami.
03:31Let's see.
03:32What would be good for my dancers?
03:33That's like $600, which isn't bad for this dress.
03:35Yeah.
03:36Yeah.
03:37Yeah.
03:38Yeah.
03:39Yeah.
03:40Yeah.
03:41Yeah.
03:42Yeah.
03:43Yeah.
03:44Yeah.
03:45Yeah.
03:46Yeah.
03:47Yeah.
03:48Yeah.
03:49Yeah.
03:50Yeah.
03:51Yeah.
03:52Yeah.
03:53Yeah.
03:54Yeah.
03:55Yeah.
03:56Yeah.
03:57Yeah.
03:58Yeah.
03:59Yeah.
04:00Yeah.
04:01Yeah.
04:02Yeah.
04:03Yeah.
04:04Yeah, yeah.
04:05Yeah, yeah.
04:06Yeah.
04:07Yeah.
04:08Yeah, I mean, I'm not going to be out for this dress.
04:09Why do they have so much cute stuff?
04:10I'm having a problem here.
04:11That'd be like $500.
04:12What is there, five of you?
04:13I hate thinking about the prices.
04:14I hate it.
04:15Oh, perfect.
04:16Black shorts.
04:17Oh, I know exactly the tops.
04:18How much did I spend?
04:19It was $14.20.
04:20$14.24.
04:21$14.24.
04:22That's for like two or three songs out of like six, because we do a costume change.
04:25We do a costume change, but if you think about it,
04:27like a stylist charges you two grand a day to go shopping.
04:30Yeah, but still, that's like, that's great.
04:32It gives me that little guilty feeling
04:34because I'm spending so much money,
04:35but when we're on stage, it'll be so good.
04:37Credit card for you.
04:38Perfect, thank you.
04:39Thank you guys.
04:40Bye.
04:41One down, couple more to go.
04:48Hey, do I look cute?
04:50You look cute.
04:51Hey, good.
04:52How are you?
04:53I'm good.
04:54I was actually getting ready to go look
04:55at some apartments.
04:56You're looking at apartments there?
04:57Yeah.
04:58In Miami?
04:58I'm thinking about moving out.
05:00My parents said, you know, you have
05:01to start paying for everything on your own.
05:03So you want to come with me?
05:04Yes.
05:05Hoping maybe I'll meet a hot realtor
05:08and live happily ever after.
05:14You're going to absolutely love this place.
05:15It's right on the beach, one of the most distinct units
05:18in all of South Beach and it's a location drive.
05:20And check out this view.
05:21Oh my god.
05:22This is probably one of the best beach homes
05:24you're going to find in all of Miami.
05:25It's a villa basically.
05:26It's a villa basically.
05:27Holy kitchen.
05:28Oh my god.
05:30Man, we could have a chef come in here and make food.
05:34Oh goodness.
05:36You have golf cart service, water service, bottle service.
05:41That's crazy.
05:42Glenn, check this out.
05:43Wow.
05:44I love this.
05:45You want to see the second floor?
05:46The second floor?
05:47Yeah.
05:48Absolutely.
05:48I'm still taking in the first floor.
05:49Okay.
05:50Look at these doors.
05:51This is what we need for stage performance, Glenn.
05:52Close them.
05:53Let's see.
05:54I saw you with your hair.
05:55This is cool.
05:56How much is this?
05:57Well, if you were to buy this home, it's $6 million.
06:01Okay.
06:02I was thinking about renting.
06:03If you're renting, we could work something out for about $20,000, $22,000 a month.
06:04You know, right now you're paying for your concerts.
06:05Mm-hmm.
06:06You have all that, all your costumes, your engineer, all those expenses along with furniture,
06:10food.
06:11Right.
06:12Right.
06:13Right.
06:14Right.
06:15Right.
06:16Right.
06:17Right.
06:18Right.
06:19Right.
06:20Right.
06:21Right.
06:22Right.
06:23Right.
06:24Right.
06:25Right.
06:26Right.
06:27Right.
06:28Right.
06:29Right.
06:30Right.
06:31Right.
06:32Right.
06:33Right.
06:34Shampoo doesn't grow in the shower.
06:35Well, think about it.
06:3622 a month times 12 is what?
06:39What is that?
06:40Why?
06:41Thousands.
06:42You'd, like, basically be spending a million dollars a year.
06:44Tell you what, I would never buy that.
06:4522,000 dollars.
06:46Oh, my God.
06:49I didn't realize that it was going to be so much.
06:52You know, I didn't think that it was going to be, like, that much money.
06:57Scary.
06:58Nick, you would not even believe what just happened to me.
07:03What?
07:04I went to the store and I tried to use my credit card and it got totally declined.
07:07Did you pay your bill?
07:08Yeah.
07:09I mean, I think I paid the bill.
07:10Yeah.
07:11I mean, I went in there and I rung it through and in front of everybody in the store, they
07:15were like, I'm sorry, ma'am, your credit card doesn't work.
07:17And I had to, like, leave my stuff at the counter and walk away.
07:19That's embarrassing.
07:20Brooke Hogan leaving the counter because she can't afford clothes.
07:23Dude, you better get that taken care of. That's going to ruin your credit.
07:25Dude, mom and dad are going to totally kill me if they find out.
07:28You can't tell them.
07:29Hey, I'm trying to find out why my credit card got declined.
07:38Brooke Bollea.
07:39Okay, so what do I have to do to get it turned back on?
07:42Okay.
07:44All right, well, I'm so sorry.
07:46I'll get it paid immediately.
07:48All right.
07:49Thanks.
07:50Bye.
07:51This sucks.
07:52Gotta be careful.
07:53Nick.
07:54Picking your nose?
07:55Could you get your finger up there any farther?
07:56I'm the Cogan.
07:57Okay.
07:58Well, I hate to tell you, there seems to be some confusion here with the bank and the credit
08:11card company because you had two checks that bounced.
08:14How did two checks bounce?
08:15I know I have enough money.
08:16I switched the money into the account.
08:17Did you switch it soon enough?
08:19I thought I had enough money in there.
08:21What happened?
08:22As you're writing checks, are you balancing your checkbook?
08:24Do you know how to balance your checkbook?
08:26Do you have your current balance?
08:28Do you know what it is?
08:30No.
08:31In there lies the problem.
08:34I don't know how to balance ours.
08:35Oh, stop it.
08:36I've been letting you handle millions of dollars and tell me you don't know how to balance
08:39the checkbook.
08:40I don't.
08:41I don't know how to do a checkbook.
08:42Oh my God.
08:43It never makes sense at the end.
08:4415, 20, 30, 40, 50 grand missing in each column.
08:47Do you think by now it should have cleared and I could rewrite the check?
08:50I don't know when you put it in.
08:52Well, what do I do to fix it?
08:54First off, we need to teach you how to balance your checkbook.
08:57Your mother and I are going to come up and help you balance the checkbook.
09:00I'll show you how to do it.
09:01You need to watch and learn too, okay?
09:03All right, I'll go grab it.
09:06All right, we'll be right up.
09:09These are deposit slips, look.
09:11See?
09:12Deposit ticket.
09:13What does that mean?
09:14That's when you want to put money in the bank?
09:16No, that's where you balance out all your checks.
09:18Okay.
09:21Hogan knows best.
09:26Hogan knows best.
09:30Oh, boy.
09:31All right, let me see what you got.
09:32The most important thing are consistent entries and dating them.
09:36This is all I remember is these blue pages in the back that you have to do something to them.
09:40Okay, those were deposits.
09:41What does that mean?
09:42That's when you want to put money in the bank.
09:44No, that's where you balance out all your checks.
09:46She should still know what a deposit slip is, though.
09:48I know what a deposit slip is, but they're not those.
09:51These are deposit slips, Brooke.
09:53See?
09:54Deposit ticket.
09:55Mm-hmm.
09:56I don't know.
09:57You guys tell me.
09:58You need to have a running ledger of what your actual balance is.
10:00So you can't, well, my bank's going to send me a statement in two weeks.
10:03You need to be ahead of the bank.
10:04But when they do send the statement, it never lines up with my numbers.
10:08Ever.
10:09Okay.
10:10Let's just go ahead and flip this over and act like you have a ledger.
10:13Let's say your balance was just for the heck of it.
10:16Say you got a bunch of money here.
10:17Say it's $2,000.
10:18All of a sudden, check number 101 comes in, and let's say it was for $10,000.
10:22You go ahead and put your balance, you know, down here at $12,000.
10:27But in actuality, you know, your real balance over here is only $2,000.
10:31Because you don't know if the $10,000 cleared.
10:33But the thing that messes you up is that sometimes on your bank statement, there's other checks that have not cleared.
10:42And they're still in there.
10:43So they're going to act like that money's still there.
10:45Let's just say today you go to BB, $4,000, put a minus there, $4,000.
10:50You're in trouble.
10:52Mm-hmm.
10:53Because you don't have enough money to pay for that stuff.
10:54You only get $2,000.
10:55Even though you put $10,000 in today, that check didn't clear.
10:58Can we move on?
11:00You know what?
11:01You still won't get it.
11:02Because after 23 years, you still screw up.
11:04This is boring.
11:05You know what the problem is?
11:06I put so much money in the bank, you just have this big margin of error that you think you never run over, but you run over it all the time.
11:12You get it, don't you?
11:13I understand.
11:14If you could please keep this financial record straight, we'll be good to go.
11:18All right, I get it.
11:19But just try to save a little bit as you go before you know it, it'll add up.
11:22And then I'll be a millionaire.
11:24And then you can give me a loan.
11:25Just what I've always dreamed of.
11:27Well, I told you to enjoy your childhood.
11:29I know.
11:30I love you guys.
11:31I think she's, like, way overwhelmed.
11:34I am.
11:35I can't believe she had a couple checks bounced already.
11:37I can't help her.
11:40What are you doing?
11:41What are you doing?
11:42What are you doing?
11:43What are you doing?
11:44What are you doing?
11:45What are you doing?
11:46What's that?
11:47Nick!
11:48Idiot's Guide to Personal Finance in Your 20s and 30s.
11:50I have to read it.
11:52Nick, Mom and Dad threw such a load of responsibility.
11:56Cover your mouth!
11:59God.
12:00You're so disgusting.
12:02Sorry I sneezed.
12:03What'd you say?
12:04My dad just slapped my whole personal and business finances on me.
12:09It cost, like, thousands and thousands.
12:11You make money doing shows.
12:13Yeah, but it costs a lot to do the shows, too.
12:16Almost more than what I made.
12:19It's serious.
12:20Okay, so what are you gonna do?
12:21You just read the Idiot's Guide?
12:22I'm reading that and I'm trying to figure out what I have to do, but I have no idea.
12:26Like, I need-
12:27I just land a huge endorsement or something.
12:29Nick, how do you even go about getting endorsements?
12:32Call Darren!
12:33Darren did those things.
12:34Darren Prince?
12:35Darren Prince got Rodman endorsements.
12:37After he dressed up like a queen and married himself.
12:40He did that?
12:41Yes.
12:42Doesn't hurt to ask.
12:43True.
12:44Hello?
12:45Hey, Darren?
12:46Yes?
12:47Hi, sweetie, it's Brooke.
12:48I actually wanted to call and get your help on something.
12:53You know, my parents kind of, you know, handed all of my finances and stuff over to me,
12:58so I need to make more money.
13:00So, I know that you do a lot of, like, endorsement stuff, and I was thinking maybe it would be
13:05cool if I could, like, get an endorsement, but I don't know if anybody would even be interested
13:09in doing an endorsement with me, you know what I mean?
13:12So...
13:13I definitely think there's a high level of marketability.
13:15If you just give me some time for my staff and I to work on it, I think we can bring you
13:18some great things.
13:19Okay.
13:20Hey, Darren, that's about me, too.
13:21It's Nick.
13:22Me, too.
13:23Hey, Nick, how are you?
13:24We'll work on you also.
13:25Sweet.
13:26We'll get started right away.
13:27I'll talk to you soon.
13:28Okay, great.
13:29Well, thank you.
13:30Hi, Brooke.
13:31What's up?
13:32How are you?
13:33I'm good.
13:34How are you?
13:35Good.
13:36What's up?
13:37Well, I just want these shows to be hot.
13:38They will.
13:39And it'd be great if we could do it, you know, while cutting costs and stuff.
13:43Listen, we can do this to put everything, like, on paper from dancers to sound to choreography
13:48to cushions.
13:49I want, like, ten dancers.
13:50I want, like, ten dancers in, like, badass costumes.
13:52Yeah, but think about how much a dancer costs.
13:54If you're taking ten dancers, that's ten flights, $3.50 a flight.
13:57What would two limos cost?
13:59Two limos.
14:00What do you mean?
14:01Two vans.
14:02Okay, vans.
14:03Two vans.
14:04Okay, vans.
14:05Put my dancers in a van.
14:06You're worse than my parents.
14:07Okay, hotel for ten dancers.
14:09So, add that up, $26,300.
14:14Holy .
14:16Because that doesn't even leave any money left over for anything else.
14:20Okay, let's see.
14:21Smaller shows, let's do maybe, like, the three dancers.
14:24Okay.
14:25All right?
14:26That would be most reasonable for you right now, okay?
14:28That would bring costs way down.
14:30There's costumes, which are, like, $2,500.
14:33What's wrong?
14:34I already shopped for the dancers, and there's probably $6,000 or $7,000 of clothes in there.
14:42Brooke.
14:43Oh, my gosh, Brooke.
14:44And you spend how much on this?
14:46$6,000?
14:47So, that means $8,000 in girl terms.
14:51At least they're going to look good, right?
14:53Well, then, after the show's over, you can borrow everyone's clothes because you won't be able to buy any.
14:57It's really important that you make money on these shows.
14:59And I promise you, you will have the best shows, the greatest dancers, believe me.
15:11We're about to do Seventeen Magazine's Rock Your Prom.
15:14This is, like, the first show that I've done while following a budget.
15:18I'm getting a little bit nervous.
15:20I just wanna watch them.
15:21Sauduama Amby's.
15:22ziehen Die Ass.
15:23Oh, my god.
15:24shirt.
15:25Yeah!
15:26Yeah!
15:32Girls keep shaking.
15:33Your body, so bloody.
15:35But boys, they just sieht, you're你看, so bloody.
15:36So many, you guys are awesome, and thank all of you guys.
15:48Thank you so much.
15:51Guys just did so good.
15:54I kid you not.
15:55The mic was popping in and out.
15:56The sound was horrible.
15:57We have to figure out how to get around that.
15:59Then we have to stop being cheap and get the people to help me with that.
16:02But the background vocals, he couldn't raise them anymore.
16:04I wish there was a professional guy.
16:06Like how Glenn said, get into one of those studios so Jay can learn when my voice is loudest so he can turn it down when it's barely there.
16:13But you have to control it in situations like this where you have nothing to work with.
16:16I totally know about cutting costs and budget and stuff, but I think that cutting the cost should come on the air tickets and where we stay.
16:23Yes.
16:24But I think that we should not cut costs when it comes down to mic sound and not cut costs when it comes down to having the girls there.
16:29I don't think you need them.
16:31No, I'm saying get them to two other girl dancers.
16:32I think right now, if you have to put the money out, you better put it towards rent and the equipment, the board, like he's talking about, where he can raise your volume and everything, control everything.
16:40I always feel so bad after a show, though.
16:42You did a great performance.
16:43I mean, you have a great show.
16:44I don't know why I love doing it because when I come off now, I, like, feel like...
16:48No, you shouldn't.
16:50It's just that we got to get the T's crossed and the I's dotted.
16:52We got to figure out what you need.
16:53So, my problems are totally 100% solved.
16:58Thank you, Nikki.
16:58That is not the answer to all your problems, Brooke.
17:01Yes, it is.
17:04Hogan Knows Best.
17:08Hogan Knows Best.
17:11Hello, family.
17:13What's up?
17:13Hi, Brooke.
17:14I have the best news of all time.
17:18Okay, so, MasterCard is interested and they maybe want to do a six-figure deal with me and Nick.
17:24I have done nothing, but my face is going to be on a MasterCard.
17:27Yeah, and then if I get the deal, I can go and get all the audio equipment that I need.
17:31Oh, boy.
17:31And I can get my costumes and stuff.
17:33Do you realize if you keep this MasterCard deal going, like...
17:36Cool your jets.
17:37Don't egg this on.
17:38That is not the answer to all your problems, Brooke.
17:40Yes, it is.
17:41You can't count your chickens before they hatch.
17:43This whole deal needs to be in writing before you go take this money and blow it.
17:47I'm not going to go and blow it.
17:48I've been reading up on this stuff.
17:49Look.
17:50No, hold on a minute.
17:50Look.
17:51Personal finance in your 20s and 30s, complete idiot's guide.
17:55Dad, I'm not going to spend everything on the dancer's costume.
17:59I'm going to take most of it and invest it.
18:01You need to take advantage of an opportunity like this because there's going to be highs and lows.
18:05There's going to be days when there's no checks in the mailbox because right now you're riding the high,
18:09but you've got to survive the lows, brother.
18:11That's the best thing you could ever remember.
18:14Because it goes like that.
18:16I'm proud of you.
18:17Keep reading.
18:17You're getting there, kid.
18:19Brother.
18:22Today, I'm doing a show called Sunfest.
18:25I have my girl dancers back.
18:27I have all the audio equipment that I need.
18:29I've got this and a new microphone.
18:31It's probably about $15,000 for everything.
18:34All right, I'm out, dude.
18:35It's not too loud because that's your call check.
18:49Uh-uh.
18:50Uh-uh.
18:55I just want you to taste me.
18:57Man, it's great to see you guys here for Sunfest.
19:16I'm starting to get nervous.
19:18I gotta go.
19:19I gotta go.
19:20Hey, I felt great, Tom.
19:22Get ready to race.
19:30Hogan knows best.
19:31So we'll give a big round of applause for my 18-year-old daughter.
19:37Brent Hogan, let's hear it.
19:39We're from the media.
19:43What?
19:45Go.
19:45Oh.
20:04Go for it!
20:05Go for it!
20:13That was crazy.
20:14You know what I think that you have to spend a little bit of money to make money, you know how much did it cost?
20:20It cost a lot, but we've made a lot
20:26Yo, how we get Nick out of the crowd
20:35The Hogan's return home
20:38But some things are never the same shows a mini stroke show a small heart attack
20:43And in the end
20:45I know that's where you sprinkled your dad's ashes
20:47All that really matters is family
20:50I give you a man who seems to be bigger than life itself
20:532007 father of the year, Mr. Hulk Hogan
20:57Hogan knows best, the season finale, next Sunday at 10, only on VH1
Comments