“No BTS Next Year” — K-Pop Fan’s $67,000 Debt Astounds Famous Financial Advisor In A Warning To Others

K-Pop can be a costly hobby for those who decide to collect or participate in fan culture.

Groups release new music frequently, go on tours, sell merchandise, and experience other things that can quickly reach thousands of dollars.  While many fans are more responsible with their finances, some individuals, for various reasons, overextend themselves in the hobby and incur substantial debt.

K-Netizens Shocked At The Lengths K-Pop Fans Will Go To Meet Their Idols

Recently, financial guru Caleb Hammer interviewed a K-Pop fan whose expenses left him in disbelief.

In a new episode of his YouTube series “Financial Audit,” Hammer sat down with a young woman from Texas, who needed help with her financial situation.

| Caleb Hammer/ YouTube

The series involves Hammer examining the spending habits of his guests and commenting on practices that can help them be more responsible with their money. A year ago, 27-year-old Presley had a net worth of around 50,000 which has since dropped to being nearly 70,000 in debt.

Among her “unwise” choices, she pulled money from her 401 (k) retirement fund to fund a trip to a K-Pop concert, much to Hammer’s stress. She also revealed she sold what was an original 7,000 dollars in stocks to fund another K-Pop concert, without considering the taxes she would be required to pay.

Hammer remarks that she has “spent” all of her fun money for the next few years on merch and other items, which she will need to use to recover from overextending her funds. At this point, she brings up BTS’s upcoming return and the fact that she owns $10,000 worth of BTS merchandise, which Hammer says she should sell to afford seeing them in concert.

Rather than talk down on her habit of spending money on K-Pop, Hammer’s issue comes from the spending, causing her to fall further into debt, and ultimately suggests that she will not be able to see the group on their upcoming tour in order to recover her finances. The entire episode serves as a warning against any kind of overspending, but hits close to home due to the topic!

You can watch the full video below.