I Had To Kick This Insane Guest Off Financial Audit

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Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Speaker 00

  I don't know what I'm doing.

• 0:01Speaker 01

  Need a break.

• 0:02Speaker 00

  Forget it, I quit.

• 0:03Speaker 01

  Escape to Pluto TV.

• 0:05Speaker 02

  This is objectively fantastic.

• 0:07Speaker 01

  Relax into the movies and shows you already know and love, all for free. Swing! Even our news is uplifting.

• 0:13Speaker 03

  You stay classy, San Diego.

• 0:14Speaker 01

  Watch Tommy Boy, Crazy Ex Girlfriend, Anchorman: The Legend of Ron Burgundy, The X-Files, Wayne's World, and so much more. We're not worthy! The best things on TV really are free.

• 0:24Speaker 02

  You just have to know where to look.

• 0:26Speaker 01

  Escape to Pluto TV. Stream now, pay never.

• 0:30Speaker 04

  Para los grandes, para los chicos, para los bajos y los altos, los pacifistas, los valientes. Para los optimistas y los pesimistas, los que valoran lo de adentro. Para los que están lejos, los que no ven de lejos, y los que no ven de cerca. Para los introvertidos y los extrovertidos, para los que piensan y los que hacen. Para los que nos mostraron el camino. Coca-Cola, para todos. Compra una Coca-Cola en una tienda cerca de usted.

• 1:00Caleb Hammer?

  To watch episodes of Financial Audit a week earlier, check us out on YouTube. This is embarrassing.

• 1:04Speaker 06

  For you, not for me.

• 1:05Caleb Hammer?

  Fifty percent of your income is dedicated to horses.

• 1:08Speaker 06

  That's what I want to do with. I gotta start somewhere.

• 1:12Caleb Hammer?

  You're trying to rush there to feel good.

• 1:14Speaker 06

  Yeah, I wanna be there like tomorrow.

• 1:15Caleb Hammer?

  But you're not! No, [bleep]. You're not willing to negotiate on something that you objectively cannot afford.

• 1:23Speaker 06

  I wasn't willing.

• 1:23Caleb Hammer?

  This is the dumbest [bleep] thing. This is the worst conversation I've had in my life. But I'm done. I'm [bleep] done. Download my new simpler budget app today and take control of your money once and for all.

• 1:37Speaker 06

  My name is Macy. I'm 26 years old. I'm from Colleen, Texas, and this is Financial Audit.

• 1:43Caleb Hammer?

  Colleen, Texas. We always get... Anytime someone from Colleen, Texas comes on, they're [bleep] characters.

• 1:50Speaker 06

  What's wrong with Colleen?

• 1:51Caleb Hammer?

  Nothing. As far as I know, I've never been. It's just every time someone comes on...

• 1:55Speaker 06

  You should go visit.

• 1:55Caleb Hammer?

  I don't know, based on the people I've met that have come there. Every time I have someone on from Colleen, they are wild. But, okay.

• 2:00Speaker 06

  All right.

• 2:01Caleb Hammer?

  Thanks for coming on.

• 2:01Speaker 06

  Hopefully I'll live up to this.

• 2:02Caleb Hammer?

  Does that mean military? Because I know a lot of people there are military.

• 2:05Speaker 06

  I wasn't Army, though. I wasn't Army, though. I was Marine Corps.

• 2:08Caleb Hammer?

  Oh, were, so this is past.

• 2:09Speaker 06

  Yeah. Yeah, so I joined the Marine Corps in 2016 from Anoka, Minnesota. I went to North Car- or excuse me, I went to Paris Island, South Carolina for boot camp. I went to Camp Geiger, North Carolina for MCT, went to 29 Palms, California.

• 2:26Caleb Hammer?

  So you served in the military?

• 2:28Speaker 06

  Yeah.

• 2:28Caleb Hammer?

  Gotcha. Okay, well, what do you do now?

• 2:31Speaker 06

  Um, right now I am a employee at Domino's.

• 2:36Caleb Hammer?

  That's an interesting transition.

• 2:38Speaker 06

  Yes.

• 2:38Caleb Hammer?

  Domino's, what do you do at Domino's?

• 2:40Speaker 06

  Everything. Um, I make the piece-

• 2:42Caleb Hammer?

  Manager or just a flow floating around?

• 2:44Speaker 06

  They were training me. They were in the process of training me.

• 2:47Caleb Hammer?

  Why is where, where training?

• 2:49Speaker 06

  Um, they've had other people that have shown more interest in becoming a manager.

• 2:53Caleb Hammer?

  You're not interested?

• 2:54Speaker 06

  It's kind of like, uh, if they want me to be, I will be and I think I could do-

• 2:58Caleb Hammer?

  Well, why would they want to be the person to be the manager that doesn't want to be the manager more than the person that wants to be the manager?

• 3:03Speaker 06

  Exactly. So that's why they didn't make me.

• 3:04Caleb Hammer?

  So you don't want to be though?

• 3:05Speaker 06

  Not right now, no.

• 3:06Caleb Hammer?

  Okay.

• 3:07Speaker 06

  It's too much right now.

• 3:07Caleb Hammer?

  That's okay.

• 3:08Speaker 06

  Yeah.

• 3:08Caleb Hammer?

  I just want to make sure I understand where you're at in terms of what you want. So what do you make in this job?

• 3:14Speaker 06

  Um, I make nine seventy-five an hour. I make like-

• 3:18Caleb Hammer?

  Wait, nine seventy-five? No one even makes that in Austin. Like, basic minimum in Austin's like sixteen these days. How is nine seventy-five even a thing? Only that. Cause Colleen's not that far.

• 3:29Speaker 06

  I make-

• 3:29Caleb Hammer?

  Nine seventy-one. What's your account from this?

• 3:31Speaker 06

  And that's, um, so-

• 3:34Caleb Hammer?

  Income?

• 3:35Speaker 06

  Yeah.

• 3:36Caleb Hammer?

  Payroll, one thousand two hundred fifty-one.

• 3:39Speaker 06

  Yeah, so, okay, and also one of those checks, though, in that statement was a light check because, uh, my dad had come down to Texas for two weeks and so I didn't work for me.

• 3:47Caleb Hammer?

  So what hits your account on a normal monthly basis?

• 3:49Speaker 06

  Um, from Domino's, about fourteen hundred.

• 3:51Caleb Hammer?

  From Domino's, meaning probably something else. Okay, well, honestly, there hasn't been a single person that serves in the military that doesn't have some kind of disability, so.

• 3:59Speaker 06

  Yes, I am a hundred percent, uh, with the VA, so I get like thirty-

• 4:04Caleb Hammer?

  Hundred percent? Wow, what do you get out of monthly basis?

• 4:06Speaker 06

  Um, about thirty-eight hundred.

• 4:08Caleb Hammer?

  Okay. Net, that's what you count?

• 4:10Speaker 06

  Yeah.

• 4:11Caleb Hammer?

  Wow, okay, well, that immediately, immediately, because you would not be able to survive on the fourteen hundred.

• 4:16Speaker 06

  No.

• 4:16Caleb Hammer?

  We're gonna be an option. How many hours a week do you work at Domino's?

• 4:19Speaker 06

  Like thirty.

• 4:23Caleb Hammer?

  Well, I guess.

• 4:25Speaker 06

  I work my [bleep] off. I love it there, honestly. Okay, so one thing.

• 4:28Caleb Hammer?

  Thirty hours a week. Well, you're only able to work thirty hours a week because of the disability, though. If you weren't getting the disability, thirty just wouldn't be an option.

• 4:36Speaker 06

  I don't, I think it, I'm not exact, I have to look. I think it has to do with monetary. So like how much you earn. If you earn over a certain amount, then they start taking your monetary benefits away.

• 4:49Caleb Hammer?

  Does that discourage you from going and making a career, though?

• 4:52Speaker 06

  No, honestly.

• 4:53Caleb Hammer?

  What is it, though? Mathematically?

• 4:55Speaker 06

  No, because like, so the life that I want to live, like I want to live on a piece of property with, you know, and with horses.

• 5:03Caleb Hammer?

  Oh, you're fitting the [bleep] look. That makes sense.

• 5:09Caleb Hammer?

  Yeah. Uh huh. Yeah, okay.

• 5:11Speaker 06

  I mean, it's my passion, so I can't do that passion. Yeah, land, horses, frickin', you know, doing that thing.

• 5:20Caleb Hammer?

  Sure, from Minnesota.

• 5:21Speaker 06

  I can't do all of that on thirty eight hundred dollars a month.

• 5:24Caleb Hammer?

  No. Okay, so what's your plan to go from thirty hours a week income at Domino's to rancher, which requires a lot of upfront payment?

• 5:33Speaker 06

  Well, so.

• 5:34Caleb Hammer?

  Ranchers usually work for the Cowboys, but cowboy, cowgirl, cow they.

• 5:42Speaker 06

  Yeah, you don't know my gender. It is twenty twenty five. I'm a cowgirl, though. Um, but frickin', so I don't want like a giant million acre ranch. I want like.

• 5:55Caleb Hammer?

  Girl, I've looked at land in Texas, even like a frickin' regular acre. This is like a trillion dollars.

• 6:02Speaker 06

  That's the thing. That's the thing. I'm also trying to move out of Texas as well eventually.

• 6:08Caleb Hammer?

  Okay, yeah, I mean, you can get land anywhere, but what is this, but either way, to get to this goal, you are requiring a lot of money. And we're not getting there at fourteen hundred dollars a month, and then plus the thirty eight, which is fifty two hundred hours a month, which that itself is not bad.

• 6:23Speaker 06

  Really not bad, no.

• 6:24Caleb Hammer?

  No, it's not bad, but you're.

• 6:26Speaker 06

  Yeah. Okay, so I want to, I have two horses. I want to train.

• 6:32Caleb Hammer?

  You have two horses?

• 6:33Speaker 06

  I do have.

• 6:33Caleb Hammer?

  What is your living situation?

• 6:35Speaker 06

  Um, so I live by myself in a house that I bought in twenty twenty.

• 6:38Caleb Hammer?

  You own a house?

• 6:39Speaker 06

  I do.

• 6:40Caleb Hammer?

  Okay. Is it a ranch?

• 6:42Speaker 06

  No, it's just, it's just a city house. Like, it's just, uh, it's thirteen hundred square feet, uh, three bedroom, two bath, um, on a city lot, backyard fenced in. Um, it's a quarter of an acre, I think, is what they, they're calling it for the city lot. Um, and then I board my horses at another person's ranch.

• 7:00Caleb Hammer?

  That has to be expensive. Again, if you didn't have the disability, I don't know how you'd be surviving. I feel like everything's gonna come back to the, but if you didn't have, but you do have.

• 7:09Caleb Hammer?

  Still, what is this income? How are you getting this income up to live the life you want to live, though?

• 7:14Speaker 06

  Um, so I want to train horses, not for other people, but I want to like, train my horses and go and show them and earn money.

• 7:22Caleb Hammer?

  I don't know anything about that, but that sounds like one of those.

• 7:25Speaker 06

  Start a small breeding program as well.

• 7:26Caleb Hammer?

  It sounds like one of those things that the rare few make it, though, almost like the arts and other sports in areas. Cause it kind of is in that realm of the sport area.

• 7:34Speaker 06

  Yeah.

• 7:34Caleb Hammer?

  In a way, and the, it's the rare few that make it.

• 7:37Speaker 06

  Well, it depends on your definition of making it.

• 7:40Caleb Hammer?

  And breeding into the sports horse game, is that not dominated by like, a few massive players?

• 7:45Speaker 06

  Uh, yes and no. I mean, it's very dependent. There's, so, there's levels to horses. Like, you have horses that you can get from the auction for three hundred dollars, and then, yeah, you have horses that you can buy for a million dollars. Yeah, but I'm not necessarily trying to make, like, oodles of money.

• 8:01Caleb Hammer?

  But, okay, what do you need to make to hit the goal, then? What are you saying?

• 8:04Speaker 06

  I don't know, enough, enough to like, sustain a half a million dollar, like, five hundred thousand dollar house with some property and a few horses.

• 8:13Caleb Hammer?

  Okay. So what, what is happening right now?

• 8:17Speaker 06

  Okay, so, I, right now, I bought my house after I left the Marine Corps, like, I joined the Marine Corps at eighteen. I got married at nineteen.

• 8:26Caleb Hammer?

  Married at nineteen?

• 8:27Speaker 06

  Yeah, I got married at nineteen.

• 8:28Caleb Hammer?

  You're twenty-six, so you guys have been together for seven years. You have any kids?

• 8:32Speaker 06

  No, no, no, no, no. I got divorced in twenty twenty.

• 8:36Caleb Hammer?

  Forced already?

• 8:37Speaker 06

  Yeah, twenty twenty-one. Oh, military marriages, they don't last.

• 8:41Caleb Hammer?

  Yeah, that's true. Cause everyone just overseas is what someone else who was sitting in that seat told us who was serving in the military and went overseas.

• 8:47Speaker 06

  Well, yes, there was.

• 8:48Caleb Hammer?

  Is that what you did?

• 8:49Speaker 06

  No, that's what he did.

• 8:50Caleb Hammer?

  That's what he did. He back home.

• 8:51Speaker 06

  Well, no, well, none of us got deployed. Neither one of us got.

• 8:54Caleb Hammer?

  Oh, he was serving.

• 8:55Speaker 06

  But yeah, he was also.

• 8:56Caleb Hammer?

  Oh, he was based it on.

• 8:58Speaker 06

  Yeah. So we were both active duty and.

• 9:00Caleb Hammer?

  You don't base that on.

• 9:01Speaker 06

  He was off messing around and yeah, so we got divorced in 2021.

• 9:07Caleb Hammer?

  Okay. Well, that's a quick marriage.

• 9:09Speaker 06

  Yeah.

• 9:09Caleb Hammer?

  How did that impact everything? That's crazy.

• 9:11Speaker 06

  Uh.

• 9:11Caleb Hammer?

  That's such a young and quick and fast. That was.

• 9:14Speaker 06

  It sucked.

• 9:15Caleb Hammer?

  You speed ran that marriage.

• 9:16Speaker 06

  Yeah, it sucked because so um, we got a house and we were making like Lance Corporal pay. So anything that I bought for the house went on this credit card that I had gotten when I first joined the military. Um, yeah, so they.

• 9:32Caleb Hammer?

  Well, you mean like, like the moment you join, you opened a big credit card?

• 9:35Speaker 06

  Yeah, so pretty much, um.

• 9:40Caleb Hammer?

  Okay, so, so, okay, but, okay, what?

• 9:42Speaker 06

  So, so they sent down a credit card application.

• 9:44Caleb Hammer?

  Okay.

• 9:45Speaker 06

  Yeah. And so I filled it out and.

• 9:47Caleb Hammer?

  Just like a lot of people, honestly, a lot.

• 9:48Speaker 06

  Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait. They gave me a $15,000 limit.

• 9:54Caleb Hammer?

  Okay, that's very high.

• 9:55Speaker 06

  Off the bat.

• 9:56Caleb Hammer?

  Oh, my gosh. I'm just saying a lot of people go to college and they open their first credit card too. So it's relatively similar in that.

• 10:00Speaker 06

  Yeah, but $15,000?

• 10:03Caleb Hammer?

  But at least you had an income. Yes, the 15,000 hour part is pretty wild.

• 10:06Speaker 06

  Yeah.

• 10:06Caleb Hammer?

  People get like a couple of thousand hours.

• 10:08Speaker 06

  And then they bumped it up twice.

• 10:09Caleb Hammer?

  But, but, but, but, but if that was a big issue, you were the one who put it on the credit card, not them.

• 10:15Speaker 06

  Yeah.

• 10:15Caleb Hammer?

  And I know it's still a lot of us who don't know, we don't know much about personal finances in America. We get kind of on our own. We kind of learn things, blah, blah, blah.

• 10:22Speaker 06

  Yeah, but I was trying to be like a good homemaker. I was trying to be a good home.

• 10:26Caleb Hammer?

  You guys were on different bases or something, right?

• 10:28Speaker 06

  We were on the same base.

• 10:29Caleb Hammer?

  But he was diddling on the same base with the person he could diddle?

• 10:32Speaker 06

  I didn't know this at the time, but yeah, well.

• 10:34Caleb Hammer?

  So he was.

• 10:35Speaker 06

  It was, it wasn't even somebody on base. It was his ex over his phone.

• 10:39Caleb Hammer?

  Over his phone, he was just texting.

• 10:40Speaker 06

  Yeah, well.

• 10:40Caleb Hammer?

  That's still bad, but.

• 10:42Speaker 06

  Doing a little wiener picks.

• 10:43Caleb Hammer?

  Oh, little wiener, haha.

• 10:45Speaker 06

  Oh, yeah. Sorry.

• 10:51Caleb Hammer?

  Okay, well, that's certainly not good. I'm glad you guys got separated. Okay, so you maxed out a credit card, what?

• 10:58Speaker 06

  Um, well, so I maxed it out at fifteen thousand dollars and then we moved on.

• 11:02Caleb Hammer?

  Which was your choice to do.

• 11:03Speaker 06

  Yes, it was.

• 11:04Caleb Hammer?

  It wasn't their fault.

• 11:06Speaker 06

  But I was trying to provide a good home. Like, I was trying to make a good home.

• 11:10Caleb Hammer?

  That's not providing. What were you doing to make the good home on the base?

• 11:12Speaker 06

  Um, like, buying, I was buying stupid shit from Walmart. Like, I was buying.

• 11:17Caleb Hammer?

  Making a good home?

• 11:18Speaker 06

  Well, I was buying, like, curtains and I thought that's, I, I thought that's what made a home, obviously.

• 11:23Caleb Hammer?

  Well, I mean, that stuff is nice. Cash flow. You both were making money.

• 11:26Speaker 06

  Very, nah, I mean, yes.

• 11:27Caleb Hammer?

  But it was still money. It was more, you weren't going into, like, student loan debt, you know, or anything. So you're in a position where you're actually making money, which might even be more dangerous because you have a little less life skills at that point because everyone's infantilizes this. You know, at eighteen and you went in there and you all of a sudden started making money that made you spend more than you made. Not necessarily. You chose to do that, but, you know, you may have been more inclined to do so versus those who go in college, don't have an income source. So there's less money to spend, so less opportunity to make those mistakes. Maybe. I don't know. I'm just thinking to myself through that, but potentially.

• 11:56Speaker 06

  Um, but they, they bumped up my credit card twice without me knowing. So they bumped it from fifteen thousand dollars to twenty thousand dollars and then they bumped it from twenty thousand dollars to twenty-five thousand dollars.

• 12:06Caleb Hammer?

  It's still your choice to spend, so I don't really care. I mean, obviously, they wanted to make money off of you. They provided you the product. You're the, you're their product, though.

• 12:18Speaker 06

  I, yeah, I.

• 12:20Caleb Hammer?

  Well, I need to change your mindset on this. I, listen, I agree. Fifteen thousand at eighteen, that is pretty crazy. You're still the one that did it, though. If we're looking back to eight years from now and we're talking about how they gave us credit, the bank gave us credit, and that's all we're talking about, not what we did with it, that's a dangerous mindset to immediately have going into this conversation.

• 12:42Speaker 06

  But they, they should have known better than to give an eighteen-year-old fifteen thousand dollars.

• 12:46Caleb Hammer?

  Sure, except they actually did know better. They made a lot of money off of you.

• 12:50Speaker 06

  Fuck them for that shit.

• 12:51Caleb Hammer?

  Omar, oh, yes, I agree, but you are still the one that did it. It was your actions that put you into that position. And immediately going and blaming them, which there is blame on them for offering that product to you, you immediately went.

• 13:07Caleb Hammer?

  On that, a little more on the victim mindset versus the, I did this.

• 13:13Speaker 06

  But it.

• 13:14Caleb Hammer?

  If you were saying that at 19, I'd be okay. You're 26, this is eight years ago.

• 13:18Speaker 06

  Okay.

• 13:19Caleb Hammer?

  Uh huh.

• 13:21Speaker 06

  I've been, I made, I've made every payment. I haven't been late on any payments.

• 13:25Caleb Hammer?

  Minimum monthly payment.

• 13:26Speaker 06

  Yeah, but.

• 13:27Caleb Hammer?

  So we don't even know what this looks like today.

• 13:29Speaker 06

  It's not great.

• 13:33Caleb Hammer?

  Six years later, for Walmart curtains.

• 13:40Speaker 06

  Yeah. And I mean, other household essentials, like, for a while, I was in this really bad cycle of like, Navy Fed gives you this checking line of credit for $500. So I would like, spend all my money and then go into this checking line of credit and then have to use my credit card. And yeah, so, I mean, it kind of just got used for everything for a while there.

• 14:00Caleb Hammer?

  Why weren't you cash flowing things? Why weren't you guys following a budget? Again, were you educated on it? No, this is what happens with every American. We all go through that same experience. But I want to know the why, because obviously that has not changed today and we're talking about today.

• 14:15Speaker 06

  How I got to this experience or how I'm getting to this experience?

• 14:19Caleb Hammer?

  No, why you weren't cash flowing?

• 14:21Speaker 06

  What do you mean by cash flowing? Please explain.

• 14:24Caleb Hammer?

  Buying things.

• 14:25Speaker 06

  With cash? Cause I had no cash, cause it all went to bills. It all went to bills.

• 14:30Caleb Hammer?

  Bills though, the bills can be different. Were they bills that you put yourself in?

• 14:34Speaker 06

  It was like, like just living expenses. And also like, I don't know what the, me and him never had combined.

• 14:43Caleb Hammer?

  Are you married again? Have we remarried?

• 14:45Speaker 06

  No. Why?

• 14:47Caleb Hammer?

  I'm asking, I don't know. Cause you're someone that already got married. So I would.

• 14:51Speaker 06

  Oh, no, I don't ever plan on doing that again. That was a, marriage is a trap. It is a trap.

• 14:56Caleb Hammer?

  I think there's many people who are very happy. Uh, I think you just married a bad person and you were, guys were 18. Nineteen.

• 15:06Speaker 06

  Nineteen.

• 15:07Caleb Hammer?

  Yeah.

• 15:08Speaker 06

  Yeah, well.

• 15:09Caleb Hammer?

  With no real life experience.

• 15:10Speaker 06

  I've, that, that's enough experience for me, man.

• 15:12Caleb Hammer?

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• 15:56Caleb Hammer?

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• 16:00Speaker 01

  I don't know what I'm doing. Need a break.

• 16:02Speaker 00

  Forget it, I quit.

• 16:04Speaker 01

  Escape to Pluto TV.

• 16:05Speaker 02

  This is objectively fantastic.

• 16:07Speaker 01

  Relax into the movies and shows you already know and love, all for free. Swing! Even our news is uplifting.

• 16:13Speaker 03

  You stay classy, San Diego.

• 16:15Speaker 01

  Watch Tommy Boy, Crazy Ex Girlfriend, Anchorman: The Legend of Ron Burgundy, The Ex Files, Wayne's World, and so much more. We're not worthy! The best things on TV really are free.

• 16:25Speaker 02

  You just have to know where to look.

• 16:26Speaker 01

  Escape to Pluto TV. Stream now, pay never.

• 16:30Caleb Hammer?

  Continuously contributing to your portfolio without you needing to lift a finger. Plus, if you're worried about not understanding the market enough to make smart choices, Mumu's got you covered. Their robust news section and technical sentiment indicators provide real-time insights and analysis, making it simple to stay informed with the latest headlines from trusting sources like Rutgers and Bloomberg. With Mumu, you gain the confidence to make decisions based on solid data and trends, not just gut feelings. To kickstart your journey, Mumu's offering up to 30 free stocks when you make a qualified deposit and the ability to earn up to 8.1% APY on uninvested cash. It's a straightforward way to amplify your initial investments. Head to the link in the description below or scan the QR.

• 17:14Caleb Hammer?

  QR code on screen to get started. Take this step to shape up your investing routine and make investing a regular part of your budget with Mumu. Check out the link below or scan the QR code on screen and don't miss out on those signup bonuses today. Thanks to Mumu. Now, back to the episode.

• 17:29Speaker 06

  I got my fill.

• 17:30Caleb Hammer?

  I don't give a shit what you do. Okay.

• 17:32Speaker 06

  Yeah.

• 17:32Caleb Hammer?

  Yeah. Stay with the horses.

• 17:35Speaker 06

  Yeah, there's a reason. There's a reason I like animals more than people.

• 17:39Caleb Hammer?

  Uh huh. So, where do you see yourself? Zero to 10, zero being the worst finances, 10 being the best. Where do you see yourself today?

• 17:47Speaker 06

  Zero. But I'm not, I'm not as bad as some people I've, I know, like.

• 17:53Caleb Hammer?

  Why do I give a about them? Why do you have to compare to them? Boom, it's not your fault at the beginning. It's not your fault at the beginning. It was the credit card people who raised it up. And now we're in a situation where, oh, I am. But I've seen other people that are more. Who cares? What does that matter? No, that is a hard cope. That is a beyond hard cope. What does that matter? Why'd you say that?

• 18:14Speaker 06

  It makes me feel better about myself.

• 18:15Caleb Hammer?

  It makes you feel better about yourself, but that doesn't get you anywhere. If you are able to say that you are okay because you're in a better position than other people, that is going to prevent you from going to the next step. That doesn't get you anywhere. That doesn't do anything productive to you. It might help you fall asleep for that evening, but that doesn't actually make any real long-term progress.

• 18:38Speaker 06

  Well.

• 18:39Caleb Hammer?

  If you want your Hammer Financial Score, it's free, a link in the description below. And if you want to come on the show, get a nice beat and a tough love and hang out with all of us down here in Austin, Texas, all you have to do is go to kalebammer.com/apply. We'd be happy to do that and get you here. So, you talked about this house.

• 19:00Caleb Hammer?

  What's up with the house?

• 19:01Speaker 06

  Um, so the house, I bought it sight unseen in 2020.

• 19:07Caleb Hammer?

  Yeah. Why? What is up with people doing that? Why would you do that?

• 19:10Speaker 06

  I was kind of in a.

• 19:11Caleb Hammer?

  2017?

• 19:12Speaker 06

  Uh, no, no, no, no, 2020. I bought it in 20, gosh dang it, 2022.

• 19:18Caleb Hammer?

  And you said VA'd?

• 19:19Speaker 06

  Yeah, yep, VA. Um, I bought it sight unseen. Um, the Realtor just like sent me videos and I was like, yeah, it looks great. And.

• 19:27Caleb Hammer?

  Where were you?

• 19:29Speaker 06

  I was in North Carolina at the time.

• 19:30Caleb Hammer?

  Why?

• 19:31Speaker 06

  Because that's where I was stationed.

• 19:32Caleb Hammer?

  Okay.

• 19:33Speaker 06

  Yeah. Um, and then I sold my Jeep. I had a Jeep that I took out the equity on my car to get.

• 19:42Speaker 06

  To um.

• 19:43Caleb Hammer?

  I'm asking about the house.

• 19:45Speaker 06

  Yeah.

• 19:45Caleb Hammer?

  Does that have to do with the house?

• 19:47Speaker 06

  I mean, I've sold the Jeep in order to move down to Texas, like to get the funds.

• 19:51Caleb Hammer?

  To get to the house you bought.

• 19:53Speaker 06

  Yeah.

• 19:53Caleb Hammer?

  You had to sell the Jeep.

• 19:54Speaker 06

  Yeah.

• 19:55Caleb Hammer?

  I don't think you're in a position to get a fucking house if you literally couldn't afford moving.

• 20:00Speaker 06

  I mean, I'm here.

• 20:04Caleb Hammer?

  Okay. Yeah, you're here on this show.

• 20:09Speaker 06

  Yeah.

• 20:09Caleb Hammer?

  Things are not good.

• 20:10Speaker 06

  When I bought my house, I didn't realize like how much it was gonna be to start like get my electricity started and get my water started and like all this other stuff. And then I had to buy windows.

• 20:22Caleb Hammer?

  I had to buy windows. Why?

• 20:24Speaker 06

  Yeah.

• 20:24Caleb Hammer?

  An inspection didn't?

• 20:26Speaker 06

  No, they passed inspection. I don't know how though, because.

• 20:30Caleb Hammer?

  What kind of inspection did you get? What do you mean? What was wrong with the windows?

• 20:33Speaker 06

  Um, so the windows that I had in my house when I first bought the house was a single pane aluminum windows that literally rattled when the wind blew. And so my electric bill was exorbitant.

• 20:45Caleb Hammer?

  But you didn't need to cash for the windows immediately?

• 20:49Speaker 06

  Hmm. I mean, I tried. So I tried like window insulation kits, like to try and and keep the like, keep the heat in.

• 20:56Caleb Hammer?

  Yeah.

• 20:56Speaker 06

  Keep the.

• 20:57Caleb Hammer?

  I get it was brutal, but you were forced to do it immediately?

• 21:00Speaker 06

  Not immediately. This was a this was like a year after I bought the house.

• 21:03Caleb Hammer?

  So you were going into a home purchase, but didn't know that you had to turn on utilities and that that costs money?

• 21:09Speaker 06

  No.

• 21:09Caleb Hammer?

  What did you? What? No, no, your realtor failed.

• 21:12Speaker 06

  Yeah.

• 21:14Caleb Hammer?

  But you failed by not asking questions at the same time.

• 21:17Speaker 06

  I was basically, I was basically in the fetus position the entire fucking time.

• 21:22Caleb Hammer?

  I don't want to picture that. Why did you go into this home purchase? Why were you so? Why were you rushing into this so much?

• 21:29Speaker 06

  Because I so I had just gotten out of the Marine Corps and I was like, not really in the greatest of head spaces. And I was like. I'm just gonna go. I didn't know, like, I knew two people in Texas, that was it. And I've been, I just was like, I'm gonna go to school to be a vet. I had always wanted to go to school to be a veterinarian, equine veterinarian. So I was like, I'm gonna go, I'm gonna do this damn thing. I'm gonna move to Texas. I'm gonna go to Texas A&M. I'm gonna do this.

• 21:53Caleb Hammer?

  Okay, I love that. You didn't have to buy a house to do all that, though.

• 21:56Speaker 06

  But my thought was that it was like an investment, cuz I was like, well, this isn't gonna be, I went into it knowing it wasn't gonna be my forever home. Um, but I know with it being really close to the base that's there, that there's always people coming in and out looking for places to stay like Airbnb.

• 22:12Caleb Hammer?

  Okay, so what's the issue here? What's the issue here?

• 22:15Speaker 06

  That, what do you mean, issue?

• 22:17Caleb Hammer?

  Okay, okay. Alright, so you owe a hundred

• 22:23Caleb Hammer?

  twenty-nine thousand, two-hundred-sixteen dollars and thirty-three cents

• 22:29Caleb Hammer?

  on this. It's a pretty cheap home.

• 22:32Speaker 06

  Yeah, honestly.

• 22:33Caleb Hammer?

  With a nine-hundred-seventy-six-dollar-and-twenty-one-cent minimum payment. It's a good payment.

• 22:39Speaker 06

  Yeah, it's not bad. Like, I was looking at what I was spending renting in North Carolina, and I looked at my house payment. I was like, I can actually put my money towards something for myself versus just literally throwing it away.

• 22:51Caleb Hammer?

  Yeah.

• 22:52Speaker 06

  Uh, I think that was also part of the reason why I kinda jumped.

• 22:54Caleb Hammer?

  Five-point-seven percent rate, eh, it's kind of normal where things are.

• 23:00Caleb Hammer?

  I have this loan balance for twenty-three-thousand-five-hundred-thirty-six dollars at ten percent.

• 23:07Speaker 06

  From Mosaic?

• 23:08Caleb Hammer?

  The is this? Yes, what is this for?

• 23:10Speaker 06

  That's for the windows. That's the windows.

• 23:13Speaker 06

  I did not do any research. I did not, I literally.

• 23:17Caleb Hammer?

  What does research have to do with taking out a ten percent debt? Uh, what research on what? What do you mean?

• 23:21Speaker 06

  Windows themselves. Like, I didn't.

• 23:23Caleb Hammer?

  What does that have to do with a ten percent debt?

• 23:24Speaker 06

  I didn't do, I like, I should've looked for a better rate, but I didn't.

• 23:28Caleb Hammer?

  Right. What do you mean? Again, I, we had the conversation of,

• 23:33Caleb Hammer?

  did you have to do this immediately?

• 23:35Speaker 06

  Well, okay.

• 23:36Caleb Hammer?

  You didn't have to do it immediately. Also, windows are expensive. Also, why didn't you get different panes? We could've done, I'm doing pane replacement at my house, and that is beyond cheaper than window replacements.

• 23:46Speaker 06

  So, pane replacement, I don't think you can replace the panes on a, do you wanna see, I'll show you pictures of my windows, then you'll understand.

• 23:53Caleb Hammer?

  I'll take a look at it. I'll take a look at it. I'll take a look at it, is what I just said.

• 23:58Speaker 06

  Okay. Hold on. Alright. I'm gonna hit your mic with my hat.

• 24:07Speaker 06

  Um, okay, so like

• 24:09Caleb Hammer?

  Put it on screen for everyone.

• 24:11Speaker 06

  I don't know, where do I do that?

• 24:12Caleb Hammer?

  There's no, no, we will put it on screen for everyone.

• 24:14Speaker 06

  So

• 24:15Caleb Hammer?

  Yes, it's old windows. I had this in my seventies condo.

• 24:18Speaker 06

  Yeah.

• 24:19Caleb Hammer?

  So it's, I, mine were ten years newer. Um, it sucks. I get it. It's this, but you're really trying to

• 24:26Speaker 06

  I had that like first like six hundred dollar electricity bill and I was like, what the?

• 24:30Caleb Hammer?

  That's brutal.

• 24:32Speaker 06

  I can't do this and so

• 24:34Caleb Hammer?

  Then you couldn't buy a house.

• 24:36Speaker 06

  The payment.

• 24:36Caleb Hammer?

  You couldn't buy a

• 24:37Speaker 06

  Payment for the loan is a what I'm saving on my electric.

• 24:46Caleb Hammer?

  No, you are not taking into account the interest that is accruing. You are gonna probably pay more over time. Well, that's over time. Like, I'm not really concerned about overtime. Well, then you're not gonna get anywhere over time. What's your retirement at today?

• 24:58Speaker 06

  Oh, um, I had a T S P through the military that I pulled when I

• 25:04Caleb Hammer?

  So fuck you. Overtime matters. Overtime, we're, I'm trying to, I'm thinking about you. I'm thinking about your future when we're talking about a house. We're talking about overtime. If we're talking about a house, we're not talking about now. When we talk about real estate, we talk about overtime. Real estate is not a one year game. Real estate is a three month game.

• 25:19Speaker 06

  Well, I, I wanted new windows, so I got new windows.

• 25:25Caleb Hammer?

  There it is. There it is. You spoke the truth on this situation. Instead of trying to justify your way out of it, you spoke the truth. The electricity bill probably sucked. The rattling probably sucked. You couldn't afford to buy a house, so we sure enough couldn't afford what you did on the windows. And yes, you could have gotten new pains.

• 25:44Speaker 06

  Well,

• 25:44Caleb Hammer?

  If you talk to a contractor, I know you did. And now we're, when did you get the new windows?

• 25:48Speaker 06

  Um, February of twenty four. So actually, a year, a year ago.

• 25:53Caleb Hammer?

  A year ago, twenty three thousand, five hundred thirty six thousand, sixty five cents still owed on it.

• 25:58Speaker 06

  Yeah.

• 25:58Caleb Hammer?

  At a ten percent interest rate with a minimum monthly payment of three hundred thirty six. What's your energy bill today?

• 26:04Speaker 06

  Um, like three hundred dollars.

• 26:06Caleb Hammer?

  Okay, so no, you said it was five hundred and this minimum monthly payment makes up for it. No, it doesn't. Combine them both together, you're at three sixteen.

• 26:14Speaker 06

  About

• 26:15Caleb Hammer?

  No, you're under by one hundred thirty six dollars. So again, you're, yes, but you lost it. You said you made up it. You're not making up it. You're under. So you've lost money.

• 26:24Speaker 06

  A hundred dollars.

• 26:24Caleb Hammer?

  Yes, but you lost. But no, no, no, that's not the point. That's not the point. You, hey, listen, you tit, you tit. Listen, I'm concerned you don't know what I'm talking about. You specifically told me this loan's okay because of the difference between the electricity bill between then and now. I have actually saved money when in fact you're actually losing it in additional $136. You said you made the difference. You're not breaking even. You're down 136. You're not breaking even. You're down 136. Compared to the 500, guess what? Guess what? Guess what? Huh? Guess what, cowgirl? Huh? 27% extra on top of that, plus the 10% interest. So in reality, in reality, you lost 37%.

• 27:09Caleb Hammer?

  That was incorrect what you said. Incorrect.

• 27:15Speaker 06

  It's about. It's about. It's like a hundred dollars.

• 27:21Speaker 06

  A hundred dollars is like, it's not insignificant, but like in the grand scheme of things.

• 27:25Caleb Hammer?

  Not insignificant? What are you talking about? Not insignificant?

• 27:28Speaker 06

  Okay, so I spend, okay.

• 27:31Caleb Hammer?

  You have no respect for the fucking dollar. Is this because, listen, listen, listen, listen. You have a disability that came from the military. So because of that, money is coming in. I don't have a problem with that, but because it is money that you are not working for, I think you have lost the value of the dollar. And I think because you're saying a hundred dollars is nothing, a hundred dollars in a, a hundred dollars in a position of someone making a thousand, $200 a month from their actual work is huge, is huge. Hundred thirty seven dollars for your, shut the up. You make 1400 of your 136 extra of your 14. By the way, that's like a minimum monthly debt payment, a substantial minimum to debt payment. This is almost 10%. That is almost 10% of your income. You're saying that's insignificant, 10% of your income, 10% of your income.

• 28:16Caleb Hammer?

  I want you to invest 20% of your income in order to get to a good place by retirement. You're saying 10% is significant?

• 28:21Speaker 06

  Get me out of the debt and I will.

• 28:24Caleb Hammer?

  That's not the point, you tit. Again, that is not the point. I am saying 10% is significant. If I want you to invest 20%, you're saying half of that doesn't matter. Hey, shut the fuck up. You're trying to both justify your want. All right, guys, this is super exciting for this financial audit channel. I got big news for you today. For the rest of this week, if you join our YouTube membership at the elite level or upgrade from pro to elite, I'm going to pay for it. I am going to directly reimburse you for the $5 for upgrading or $10 if you join now. It's essentially like a free trial, except since it doesn't offer it, I'm gonna pay for it for you. All you have to do is follow the instructions that I'm gonna post in the membership area.

• 29:10Caleb Hammer?

  Send us that proof and I'm gonna send you the money and boom. You joined Hammer Elite for free. Yes. Seriously, guys, there's thousands of hours of extra content there. You got two exclusive member audits a month, the ability to call into our new live show, which is also two a month.

• 29:26Speaker 07

  You just broke Lindsay's heart.

• 29:27Speaker 06

  No, that's not true. Honestly, Ashley.

• 29:29Speaker 07

  That's Lindsay for you.

• 29:31Caleb Hammer?

  Weekly live streams. So Caleb, what's your social security number? I'm doing it.

• 29:36Speaker 00

  38.

• 29:41Speaker 00

  Three, two.

• 29:45Caleb Hammer?

  And every single financial audit post show, plus member weekly videos. It's crazy how much we have going on.

• 29:51Speaker 07

  Well, I got so drunk, I kissed a grandma in Spain with that, with only partial consent. And then I ran off.

• 30:00Caleb Hammer?

  Plus, it really helps support this channel, so let me pay for it for a month. So you have the opportunity to check it out. Make sure you click the link in the description below or the pinned comment below and I'll see you guys there. And again, make sure it's the middle tier Hammer Elite so that I pay for it. This offer expires at the end of this week. You could not afford to buy the house. I want you to get into a house. I really do. Trust me, people don't even like that real estate as a part or a major part of the Hammer Financial Score, but it's important to me. So for my score, I put it there.

• 30:30Caleb Hammer?

  I like real estate. I want you to get into real estate.

• 30:33Speaker 06

  It's yeah.

• 30:34Caleb Hammer?

  You couldn't. You couldn't. If even if you couldn't afford to start the utilities, you couldn't afford the house. If you couldn't afford to move to the house, you couldn't afford the house. If you can't afford just the basic maintenance that comes with the house, you couldn't afford the house. It is as easy as that.

• 30:52Speaker 06

  The house has gained like $30,000 in value.

• 30:55Caleb Hammer?

  You're lucky on that. That is market moving. That is not something you did.

• 30:59Speaker 06

  No, I know it. Well, I mean, I know it's not something that I directly did.

• 31:02Caleb Hammer?

  Exactly.

• 31:03Speaker 06

  Bought the house.

• 31:03Caleb Hammer?

  It could have equally at the same time gone down 30% in value depending on the year. Military bases, sometimes they close. Colleen, that would be a crazy one.

• 31:13Speaker 06

  That would be insane.

• 31:15Caleb Hammer?

  It would be insane, but say we entered a massive recession and they're looking for places to cut back. Again, they typically spend more during recession anyway, so probably not, but.

• 31:24Speaker 06

  Doesn't war usually bring us out of like that too? Like recessions and stuff?

• 31:30Speaker 00

  I don't know what I'm doing. Need a break. Forget it. I quit.

• 31:33Speaker 01

  Escape to Pluto TV.

• 31:35Speaker 02

  This is objectively fantastic.

• 31:37Speaker 01

  Relax into the movies and shows you already know and love all for free. Shwing. Even our news is uplifting. You stay classy, San Diego. Watch Tommy Boy, Crazy Ex Girlfriend, Anchorman, The Legend of Ron Burgundy, The X-Files, Wayne's World, and so much more. We're not worthy. The best things on TV really are free.

• 31:54Speaker 02

  You just have to know where to look.

• 31:56Speaker 01

  Escape to Pluto TV. Stream now, pay never.

• 32:00Speaker 06

  Like historically, like World War II brought us out of the Great Depression?

• 32:04Caleb Hammer?

  Uh, mixed here and there. Depends on the economist you speak to. I don't really care.

• 32:11Caleb Hammer?

  What I do care about is that you're accruing interest of $45. There are 10% interest rate, literally just the windows. How much did you borrow for this?

• 32:20Speaker 06

  The entire thing. Uh, 20, like 25,000, I want to say around 25,000.

• 32:31Caleb Hammer?

  So what is the payment term on this? If it's 25,000 from a year ago and you're only down to 23,500? The fuck you're doing? 106 payments remaining? Good fucking death dude.

• 32:42Speaker 06

  How many years is that?

• 32:44Caleb Hammer?

  What do you think I am typing into my calculator?

• 32:46Speaker 06

  I don't know.

• 32:50Caleb Hammer?

  It's nine more years.

• 32:52Speaker 06

  Oh, that's okay.

• 32:55Speaker 06

  I mean, it's not.

• 33:00Speaker 06

  It's not as bad as I thought it was.

• 33:04Caleb Hammer?

  That's okay to you. That's acceptable.

• 33:06Speaker 06

  I mean, it's better than what I expected. It's not acceptable. It's better than what I expected. So it's better than expectation.

• 33:16Speaker 06

  I have a very bad.

• 33:17Caleb Hammer?

  Well, it doesn't fucking matter anyway, because I go to this next one and it's just a shit loan. You literally borrowed 1,350, but then financed on top of that, the finance charge. On top of that was 1,115 and 73 cents. That's fucking crazy. Plus the origination fee.

• 33:34Speaker 06

  Is that the older one or is that the newer one?

• 33:36Caleb Hammer?

  How the fuck would I know? You are supposed to tell me that.

• 33:38Speaker 06

  I know, because there's two from the same. There's two from the same.

• 33:41Caleb Hammer?

  I don't know! This one's from 6/6/24, 22. Is that the older or newer?

• 33:46Speaker 06

  That was the one that I took out for the house when I first moved to turn on utilities and everything.

• 33:50Caleb Hammer?

  You borrowed 30% for the fucking starting utilities!

• 33:58Speaker 06

  Yeah.

• 33:59Caleb Hammer?

  This was the dumbest real estate, real estate, just like, just like a, no, real estate. Real estate can tank you or it can take you. You got tanked. And you bragged about a 30%, $30,000 increase in value. That's how much your debt was for the fucking windows and debt.

• 34:20Speaker 06

  It levels. It breaks even.

• 34:21Caleb Hammer?

  No, it doesn't, because you're, no, what does? You're laughing about that. What are you laughing about, huh?

• 34:25Speaker 06

  I don't know.

• 34:26Caleb Hammer?

  No, what are you laughing about? Huh? What are you fucking laughing about while I'm trying to make a point?

• 34:29Speaker 06

  Because it breaks even.

• 34:31Caleb Hammer?

  Haha, does it? You have 10% interest on it. What do you think 10% of $30,000 is? Does that break it even? No!

• 34:39Caleb Hammer?

  Stop being a giggly little something that's not taking this seriously. This is your house. This is your life. This actually fucking matters. Answer my damn questions and go through this conversation with me.

• 34:53Speaker 06

  Okay.

• 34:54Caleb Hammer?

  Instead of trying to make something a cutesy little joke, okay?

• 34:58Speaker 06

  You're gonna love the next one then.

• 35:02Speaker 06

  So you know those windows that I borrowed on?

• 35:04Caleb Hammer?

  Shut the fuck off. I haven't even written this down yet. I'm trying to figure out your old balance on this. Do you know your old balance on this currently?

• 35:11Speaker 06

  I think that one is less than a grand. It's like 900 something.

• 35:14Caleb Hammer?

  $900 on the utility startup loan.

• 35:18Speaker 06

  Yeah.

• 35:19Caleb Hammer?

  At 26.83% interest.

• 35:24Caleb Hammer?

  $900 owed on it. We'll say, I'm actually gonna write it 200 because you said less than 1,000, so I'll just do 1,000.

• 35:30Speaker 06

  Okay.

• 35:31Caleb Hammer?

  Okay, so middle monthly payment, it looks like on this is $41.08.

• 35:38Caleb Hammer?

  Yes?

• 35:39Speaker 06

  Yeah.

• 35:39Caleb Hammer?

  And this is just to start utilities. So.

• 35:42Speaker 06

  It didn't look as bad because it was only $41 a month.

• 35:44Caleb Hammer?

  Oh, I guess I missed a debt loan. What is this?

• 35:47Speaker 06

  I should, I have, um, one that was like 1,200 and one that was 1,500. The 1,200 and one.

• 35:53Caleb Hammer?

  The mosaic?

• 35:54Speaker 06

  The mosaic was the windows.

• 35:57Speaker 06

  Lakeview is my mortgage.

• 35:58Caleb Hammer?

  Wait, what is this? Why does this say horse?

• 36:01Speaker 06

  Oh.

• 36:01Caleb Hammer?

  Oh, you have a horse. Is this, you have a horse debt. What is a horse debt?

• 36:05Speaker 06

  Um.

• 36:06Caleb Hammer?

  What is a fucking horse debt? Is it debt for a medical or is this for the even horse itself?

• 36:09Speaker 06

  It's for the horse itself.

• 36:10Caleb Hammer?

  200, monthly payments, $200 for the horse itself?

• 36:13Speaker 06

  Mm-hmm.

• 36:13Caleb Hammer?

  Who's the horse? What do you mean? Is this a car?

• 36:16Speaker 06

  No.

• 36:16Caleb Hammer?

  What are you talking about?

• 36:17Speaker 06

  Um, so I bought the horse from a friend.

• 36:19Caleb Hammer?

  From, from a friend?

• 36:21Speaker 06

  Yeah, in July. Um, and.

• 36:24Caleb Hammer?

  For how much?

• 36:25Speaker 06

  4,500.

• 36:26Caleb Hammer?

  Oh, fuck you. You're lucky it's 0%.

• 36:29Speaker 06

  Yeah, I am lucky on that one, but.

• 36:33Speaker 06

  Yeah, so forty five hundred for her and it's two hundred dollars monthly payments. And I was also able to work off some of it. So it I bought it from the guy that owns the ranch that I board my horses at. So when I first bought her, I was able to do some work around the ranch and work some of it off as well, like almost two hundred dollars of it. But I did the math the other day and I should be owing him for like twenty two months.

• 36:58Caleb Hammer?

  So you make a thousand four hundred dollars of earning coming on a monthly basis. Let's look up. I have some stats here. Horse. Guess what? Obviously, they live twenty five years.

• 37:08Speaker 06

  Yeah.

• 37:09Caleb Hammer?

  On average, how old is the horse?

• 37:11Speaker 06

  She's seven.

• 37:12Caleb Hammer?

  Okay, so seven, but guess what? Usually average maintenance for a horse is fifteen thousand eight hundred dollars. And you have one or two?

• 37:22Speaker 06

  I have had I've had the one since she was fourteen or since I was fourteen. So I've had her since I was a kid. Um, so her expenses to me like don't even matter like they are priceless. I don't even.

• 37:35Caleb Hammer?

  But but they are priced.

• 37:36Speaker 06

  They are priced.

• 37:37Caleb Hammer?

  Money you have goals you're trying to get to and you couldn't start utility payments and you can't afford anything related to your house. So I think it is price and life impacting. I don't know what the you're talking about. So fifteen thousand eight hundred one horse, but you have two. That's insane. So your average maintenance of the horse on a monthly or annual basis, sorry, annual.

• 37:57Speaker 06

  Yeah.

• 37:58Caleb Hammer?

  Is thirty one thousand six hundred. If you didn't have the military, if you didn't have the.

• 38:02Speaker 06

  Oh, no, I'm.

• 38:03Caleb Hammer?

  So over their lifetime, that is seventy nine thousand dollars.

• 38:06Speaker 06

  Yeah.

• 38:06Caleb Hammer?

  Seventy nine thousand dollars.

• 38:11Speaker 06

  Yeah.

• 38:12Caleb Hammer?

  And that's like two hundred to five hundred dollars in veterinary care, feeding's a thousand two hundred to two thousand five hundred. Huff care is four hundred, eight hundred and boarding is three thousand to twelve thousand.

• 38:23Speaker 06

  Yeah.

• 38:25Caleb Hammer?

  That on of the twenty five years.

• 38:31Caleb Hammer?

  Or.

• 38:35Caleb Hammer?

  If I'm just, again, I'm just, let's just talk about, we already know you're losing money. We already know you're in horrible debt. We already know that even the equity you gain in your house, it doesn't even matter because of your window loan debt. And then your utility debt, which you paid an extra $1,500 just to be able to turn on utilities. And extra, you paid a fee of $1,500 to turn on utilities, by the way, is how that works out. But let's just say this, let's like, let's think about lost money. Lost money and lost time. So $31,600 a year, right? Over the course of 25 years. You take that, let's say I invest it, I open Mu Mu, my investing app that I use. Thirty-six, thirty-one thousand six hundred dollars a year, 10% return, S and P 500. Over the course of 25 years. Okay, so what's your lost money?

• 39:16Caleb Hammer?

  You essentially lost, and I'm not saying you can't have a horse, but in your position with no retirement, actually pulling money out of retirement, which I need to know more about. You lost $3,107.

• 39:27Speaker 06

  Okay.

• 39:29Speaker 06

  I, I heard this saying, I heard this saying once, um, it's, it's, you know how you make a small fortune with horses?

• 39:35Caleb Hammer?

  Nope.

• 39:35Speaker 06

  You start with a large one.

• 39:41Speaker 06

  Yeah.

• 39:42Caleb Hammer?

  Major channel announcement. Budgeting, budgeting, budgeting. It's a new year. We're all trying to budget, we're all trying to make it a little better, trying to improve our life. A lot of people on the show, a lot of people out there that I've heard from, they try to start a budget. They can't stick to the budget. It's because it's all too damn complicated right now. You use any of the budgeting apps out there, it's crazy. It's hard to know what's even going on. It's impossible to set up and it's a chaos to manage. That's why, over this last year, I did the thing. I made a budgeting app for you guys. This does not need to be complicated. You're trying to take control of your life, so it should be simple. It should be chill. It should be easy to set up and easy to manage.

• 40:25Caleb Hammer?

  I've called it Simpler Budget, because that's all it is. It's your simpler budget. But we upped the ante with continued education and an ad-free version. In the premium version of Simpler Budget, you can track your spending, set goals and stick to a plan that actually works by connecting to all of your bank accounts automatically. No manual stuff here. There's actually weekly live sessions with financial professionals to answer your questions and keep you on track. They'll be teaching lessons and you can ask them things and they will actually help. There's also weekly mini classes keeping you up to date and educated on every financial topic you need to improve your life. Plus, for a limited

• 41:04Caleb Hammer?

  time right now, you get access to our new budget-friendly cookbook with 55 money-saving recipes to eat well without overspending. It's time to actually make a budget and stick to it for the first time ever. Let's take control of our 2025 and make this the best year ever. Download the Simpler Budget app today. A link in the description below. This budgeting app will change your life. I love that we're able to summarize our entire life and the goals we're trying to get to and everything we care about down to a joke. Because in the end, that is what your life is right now, a joke. You're set up with incredible benefits where you have this first disability. I know it's for something. It's not like it's for nothing. Shut the [__] up. I am talking, lady.

• 41:49Speaker 06

  So I mean.

• 41:49Caleb Hammer?

  No, I am talking. No, I am talking. I am saying you got the opportunity where you get the benefits, obviously. Yes, it is because of the thing that you are receiving, something that happened, but $3,800. Okay, you have that on a monthly basis forever and you got access to a VA loan, but you're squandering it by getting into a home that has increased in value, but you're not able to realize because you have actually lost money via the interest on the loans that you have taken out. And because of the loans you have taken out, you are then putting money into horses that you cannot afford because you really don't make much money and you are losing any opportunity for investing on that money because you are throwing half of your salary after benefits a year to horses. And then

• 42:32Caleb Hammer?

  you pulled out of your TSP. Tell me why, when, what?

• 42:37Speaker 06

  So I pulled out of my TSP. I pulled my entire TSP. It was like $1,200 when I moved.

• 42:46Caleb Hammer?

  So that covered the move?

• 42:48Speaker 06

  That and that other loan.

• 42:49Caleb Hammer?

  She's for fuck's sake.

• 42:50Speaker 06

  It was like $2,400 altogether.

• 42:52Caleb Hammer?

  You, this house.

• 42:57Speaker 06

  But it's my first house. Like it's.

• 42:59Caleb Hammer?

  What?

• 43:00Speaker 06

  It's Senate.

• 43:00Caleb Hammer?

  What the fuck do I give a shit about that?

• 43:02Speaker 06

  I don't know.

• 43:02Caleb Hammer?

  Why do I care? Uh, first house, guys, I'm allowed to get my life ruined because it's my first house. What the fuck does that even mean? What are you even trying to say?

• 43:09Speaker 06

  I don't know.

• 43:09Caleb Hammer?

  What are you possibly trying to say right now?

• 43:11Speaker 06

  People fuck up. People fuck up.

• 43:12Caleb Hammer?

  People do fuck up. You fucked up over a 30 year loan.

• 43:14Speaker 06

  Yeah, well, that's why.

• 43:16Caleb Hammer?

  Multi hundred thousand dollar.

• 43:20Caleb Hammer?

  You're not doing anything.

• 43:22Speaker 06

  I don't know.

• 43:23Caleb Hammer?

  To fix it. I don't know what you're talking about. Your miscellaneous purchases alone were in the hundreds and hundreds of dollars in this last month. So I don't know what the fuck you're talking about.

• 43:33Speaker 06

  It's better than it was.

• 43:34Caleb Hammer?

  You say you want to fix this, you have these horses that cost 30,000 hours a year to maintain.

• 43:39Speaker 06

  Yeah, my spending was better.

• 43:40Caleb Hammer?

  You make 60,000 hours a year with your benefits.

• 43:44Caleb Hammer?

  I don't know what you're talking about trying to fix it. You are keeping these anchors of your life. You essentially have $30,000 a year to play with. If we use.

• 43:53Speaker 06

  I'm not getting rid of my horses.

• 43:54Caleb Hammer?

  Not even saying that necessarily, but of the $30,000 a year, that equals $2,500 net left in your bank account. Of the, what was your mortgage, like 900 bucks, right?

• 44:05Speaker 06

  975.

• 44:05Caleb Hammer?

  975. So of the.

• 44:12Caleb Hammer?

  The 2,500 that you have now on a monthly basis, your mortgage is a, your cheap mortgage, to be clear.

• 44:19Speaker 06

  Yeah.

• 44:19Caleb Hammer?

  Cheap mortgage is taking up 40% of your leftover money. That's crazy. It'd be more like 25% of your money before.

• 44:29Caleb Hammer?

  But since 50% of your income is dedicated to horses.

• 44:35Caleb Hammer?

  You're not getting to the goals you told me at the beginning. You're not.

• 44:41Caleb Hammer?

  Cause you're putting, having horses or doing horse girl math over the reality of life.

• 44:48Speaker 06

  That's what I want to do with her.

• 44:49Caleb Hammer?

  It's what you want to do, but you're.

• 44:51Speaker 06

  Well, you gotta start somewhere.

• 44:53Caleb Hammer?

  It is what you want to do.

• 44:55Speaker 06

  Yeah.

• 44:55Caleb Hammer?

  You are limiting your being able to get to what you want to do because you're trying to rush there.

• 45:00Speaker 06

  Yeah, I want to be there like tomorrow.

• 45:02Caleb Hammer?

  But you're not. So you're never going to. It is as easy as that.

• 45:11Caleb Hammer?

  Those of us that rushed to get to our goals without actually following a plan to get there that is realistic never reached them.

• 45:19Caleb Hammer?

  And you're making it so I care more about your goals than you do.

• 45:28Caleb Hammer?

  When did you get the other horse, the original horse, horse OG?

• 45:31Speaker 06

  Oh, OG, she, I got her in twenty...

• 45:37Speaker 06

  Twenty twelve.

• 45:40Caleb Hammer?

  This is crazy. You do not leave this building until you download the simpler budget app.

• 45:44Speaker 06

  I already did.

• 45:45Caleb Hammer?

  Good. You get premium forever because you're a guest on the show. So you better fucking utilize it. But the crazy thing is, I bet if we put in there, we'll see forty percent of our money just in the fucking horse category, which is insane because it's automatic connections and all this. You guys get two week trial, but that's crazy. That's crazy that we would open it up your budget app and we'd see forty percent towards horses. Horses. That's what, we can giggle about it, but that's fucking losing everything. It is losing every goal that you want to get to.

• 46:14Speaker 06

  Not if my goal involves the horses that I have.

• 46:20Speaker 06

  My board and what it costs to feed my horses and everything a month is like twelve hundred, fifteen hundred dollars a month.

• 46:29Caleb Hammer?

  Is that, is that everything or is there more into it than that?

• 46:31Speaker 06

  So I-

• 46:32Caleb Hammer?

  What does it cost, what does it cost on your monthly basis?

• 46:35Speaker 06

  So for like hay, it's like two hundred and fifty dollars for, for grain. For grain is two hundred and fifty dollars. That's, um, and then their supplement is two hundred dollars. It's like a hundred dollars a month for the two of them. Uh, so it's like one hundred dollars. So it's two hundred dollars over two months. And then my board is one twenty-five a head. So I have two heads. So that's-

• 47:00Speaker 00

  I don't know what I'm doing. Need a break. Forget it. I quit.

• 47:03Speaker 01

  Escape to Pluto TV.

• 47:05Speaker 02

  This is objectively fantastic.

• 47:07Speaker 01

  Relax into the movies and shows you already know and love, all for free. Shwing. Even our news is uplifting.

• 47:12Speaker 03

  You stay classy, San Diego.

• 47:14Speaker 01

  Watch Tommy Boy, Crazy Ex Girlfriend, Anchorman, The Legend of Ron Burgundy, The X-Files, Wayne's World, and so much more.

• 47:22Speaker 01

  The best things on TV really are free.

• 47:24Speaker 02

  You just have to know where to look.

• 47:26Speaker 01

  Escape to Pluto TV. Stream now, pay never.

• 47:30Speaker 06

  Two fifty.

• 47:31Caleb Hammer?

  No.

• 47:31Speaker 06

  And then my two hundred dollar payment on top of that for the one horse. So. And then.

• 47:37Caleb Hammer?

  Plus vet care, hoof care.

• 47:39Speaker 06

  So, yeah, and then every six to eight weeks, um, they have to get their hooves trimmed.

• 47:43Caleb Hammer?

  No.

• 47:45Speaker 06

  My, the, the son of the owner of the ranch, he does my feet for my horses and that's two hundred and fifty dollars a month.

• 47:54Caleb Hammer?

  You don't have this money. You have debt. We have debt. You're paying off from Windows from a year ago. You're still paying Windows for a year ago with ten percent. You're still paying. You moved into your fucking house, what, a year ago?

• 48:11Speaker 06

  No, two years ago.

• 48:12Caleb Hammer?

  Two years.

• 48:12Speaker 06

  Almost three years ago.

• 48:14Caleb Hammer?

  That makes it worse because you moved into your house three fucking years ago and you are still paying on your literal bill to start the utilities and we're focusing on thousands of dollars a month for whores.

• 48:28Speaker 06

  Priorities, man.

• 48:29Caleb Hammer?

  Yeah, your priorities are fucked. That's what I'm saying. And it's not a joke.

• 48:34Caleb Hammer?

  It's not a joke. Your life matters. But maybe not to you. Of which, what the is the point?

• 48:42Speaker 06

  There's also going to be other stuff added because like I'm really trying to get a truck and trailer by the end of the year.

• 48:47Caleb Hammer?

  No?

• 48:47Speaker 06

  Yes.

• 48:48Caleb Hammer?

  How much does that cost?

• 48:49Speaker 06

  Well, so I'm looking at trucks that are like less than ten thousand because that's like the only thing that I can afford.

• 48:56Caleb Hammer?

  You have no desire to actually meet the goals that we talked about at the beginning. You're never gonna fucking get there. You're never going to get there.

• 49:05Speaker 06

  I don't know.

• 49:06Caleb Hammer?

  You don't know?

• 49:07Speaker 06

  I think I can.

• 49:08Caleb Hammer?

  How do you not know? You're never gonna get there.

• 49:10Speaker 06

  I think I can.

• 49:11Caleb Hammer?

  How?

• 49:12Speaker 06

  I don't know. I don't know. I just, I just.

• 49:14Caleb Hammer?

  You don't know?

• 49:14Speaker 06

  I just have determination.

• 49:15Caleb Hammer?

  That determination does not do. That is not how that works. That is not how that works.

• 49:20Speaker 06

  I think I can. I think I can. Isn't that how it works?

• 49:22Caleb Hammer?

  Shut the fuck off. It is not funny. I am trying to get you to your goal. Stop being a dumb. Listen, listen to me and explain to me how you're actually going to get there. Please tell me.

• 49:38Speaker 06

  I so the idea was like, I get this horse, right? And this horse has potential due to like her bloodlines and also like her athleticism and everything. So she has potential to do some really cool things. So my thought process was to buy her and train her and then go and show her and win money.

• 49:57Caleb Hammer?

  And how's that gone?

• 49:59Speaker 06

  Well, I mean, I need to train her first, which

• 50:01Caleb Hammer?

  And how's that gone?

• 50:02Speaker 06

  Not horrible, actually. Um, I just need, I need to go to these clinics, which clinics are also extremely expensive.

• 50:10Caleb Hammer?

  It's fucking price oppressive to maybe make money.

• 50:14Speaker 06

  For some of the small ones, it's like $500. For some of the bigger ones, it can be like in the thousands.

• 50:21Speaker 06

  But yeah, and then so then after that, then I get, I get her trained, I go to these clinics. I, but I need a truck and trailer to be able to do all of that. Like at the end of the day, a truck and trailer like

• 50:31Caleb Hammer?

  But you're talking about, what are you talking about earning conservatively? Hey, no!

• 50:37Speaker 06

  I really don't know.

• 50:38Caleb Hammer?

  Then why the are you doing it if you don't know?

• 50:41Speaker 06

  Because I

• 50:42Caleb Hammer?

  No, because is not an answer. Tell me the why. Huh?

• 50:45Speaker 06

  I don't have a number, but it's

• 50:47Caleb Hammer?

  Well, you should have a number. If you're investing $10,500 into it plus $30,000 a year, plus the payment to get into these fucking shows, you should probably have at least a little bit of a number. I don't invest into anything if I don't at least have a little bit of a number. And then I go on the conservative side. So what the are you telling me?

• 51:01Speaker 06

  It depends on what level.

• 51:01Caleb Hammer?

  What is it called? What, what are you gonna be in? What levels are gonna be called? Let's do a little bit of research, tell me.

• 51:06Speaker 06

  So I want, so it's okay, the whole, the world of horses is vast.

• 51:10Caleb Hammer?

  I'm sure it is. How would you give me something to work with?

• 51:13Speaker 06

  Um, so like, uh, do a cutting clinic.

• 51:17Caleb Hammer?

  And what would it be called for you to make that money?

• 51:20Speaker 06

  What do you mean?

• 51:22Caleb Hammer?

  So you pay to get into the clinic, right?

• 51:23Speaker 06

  Yeah, and that's to treat, that's to teach my horse, but it's be like a cutting show. So then it's, you have different levels.

• 51:30Caleb Hammer?

  Do you get paid to be in the show? Do you get paid based on the results of the show?

• 51:33Speaker 06

  It's winnings.

• 51:33Caleb Hammer?

  Okay. So a cutting

• 51:36Speaker 06

  You can also get sponsors and stuff, much like you were

• 51:38Caleb Hammer?

  What level is your horse at?

• 51:40Speaker 06

  Right now, well, right

• 51:41Caleb Hammer?

  What level would it be at?

• 51:42Speaker 06

  She's in kindergarten right now.

• 51:43Caleb Hammer?

  What level would it be at in this winning?

• 51:46Speaker 06

  I don't know. It depends on how many clinics I can go to.

• 51:48Caleb Hammer?

  You're not able to give me a fucking answer for us to at least

• 51:50Speaker 06

  Because there's so many hypotheticals.

• 51:52Caleb Hammer?

  Yeah, but hypotheticals does not, so many hypotheticals does not work in the world of like investing. We want at least an idea of what we're trying to get to.

• 52:01Speaker 06

  Okay. So like a couple

• 52:02Caleb Hammer?

  I base, I base my investments off our historic returns. All right. Based my investments, uh, investments based on like, uh, when we invested in the budget nap, it costs hundreds of thousands of dollars. But based on what we think we could get in terms of what could we actually build with that? Would people actually want to use it? And of the people that want to use it, how many people are willing to support us? We were able to kind of come up with a conservative number and we're like, okay, it is worth it to do this. So we figured that out. What would you possibly make in a normal world? How often?

• 52:29Speaker 06

  I don't know. Like if I go like once a month and I, I win like first place at some of the, I don't know. I don't, I don't, I don't know.

• 52:37Caleb Hammer?

  What places make money?

• 52:38Speaker 06

  I don't know. I need to, I need to learn about the world.

• 52:42Caleb Hammer?

  So you're investing into this without even learning first?

• 52:44Speaker 06

  Not necessarily. I know something. It's a different, so, okay. So I've been in the horse world since I was eight years old. So it's not that I don't know anything about the horse world. It's I don't know about this specific side of the horse world. Like I could, I could tell you about like barrel racing, but I'm not trying. I don't want to do barrel racing.

• 53:00Caleb Hammer?

  You need to tell me about the thing you want to do. How, how were you not able to tell, talk to me about what you want to do?

• 53:05Speaker 06

  I haven't gotten there yet.

• 53:06Caleb Hammer?

  But you're willing to invest $10,500 into it and a one-time purchase with the horse, with the trailer. And then you're willing to do 30,000 dollars a year on the horses. And then you're willing to spend time on training, which is the opportunity costs away from your work and career.

• 53:18Speaker 06

  The truck is like a must. Like I am going to be getting a start by the end of the year.

• 53:22Caleb Hammer?

  The, the, the internet doesn't even know. What are you referring to? Hair cutting, timber, logging, uh, meat cutting? What, what is that?

• 53:28Speaker 06

  What do you mean? Meat cutting?

• 53:30Caleb Hammer?

  I said hour. That's why.

• 53:34Speaker 06

  Yeah, but so like the truck is a is a must because I need like I was late today because I was waiting on somebody else to go get hay.

• 53:41Caleb Hammer?

  And I'm late for the people who are subscribed to this for the live session that I'm doing.

• 53:46Speaker 06

  Yeah, like I was late today because of fricking I would I need to borrow other people's trucks to go get hay or food for my fricking horses. Like, the truck is a must. Like, that is, that will be happening by the end of the year.

• 54:02Caleb Hammer?

  Uh, price pool is like 5,000, maybe 2,000. It it really depends. Obviously, it can range high. And this is for like second place. Entry fees are 500. So you're buying for the chance to win. So there's not only that, but you're buying entry into these competitions. Geez, for fuck's sake. This is a want. You're doing this as a want. You're doing this as a want, not a businesswoman.

• 54:24Speaker 06

  I've also thought about uh, doing like a small breeding operation, but that takes money to start up also.

• 54:30Caleb Hammer?

  Exactly. And you probably have no data or anything around it that you're able to speak on adequately enough for us to determine if the money you are willing to invest into it actually makes fucking sense.

• 54:41Speaker 06

  I mean, I really don't really care at this point. Like, it's kind of just my dream.

• 54:45Caleb Hammer?

  Then why the fuck are you here? Then why the fuck am I wasting my time with the conversation with you?

• 54:49Speaker 06

  Because I want to make it work.

• 54:52Caleb Hammer?

  Make what work?

• 54:55Caleb Hammer?

  Because I don't support this. Make what work? I don't support this at all.

• 55:00Speaker 06

  I don't know, like I.

• 55:01Caleb Hammer?

  This is a hobby for you.

• 55:04Speaker 06

  What I want to do with the rest of my life.

• 55:05Caleb Hammer?

  But you're not able to speak on how you're able to make it work for the rest of your life. And if you can't even say a literal number, we can't talk about the rest of your life.

• 55:13Speaker 06

  I'm not.

• 55:14Caleb Hammer?

  If I am more educated on what you can make out of a competition than you, someone who doesn't give a fuck, then you should, this shouldn't even be a consideration for you.

• 55:25Speaker 06

  I'm not, I'm, I may have put the wagon before the horse a little bit on this one, no pun intended, but I don't think, I think, I think I can do it.

• 55:34Caleb Hammer?

  How many times have you made that joke in your life?

• 55:35Speaker 06

  I mean,

• 55:37Caleb Hammer?

  I bet you drop that one daily.

• 55:40Speaker 06

  I'm a re- I became a marine, so.

• 55:44Speaker 06

  I told myself I thought I could do that and I did. So I think I can do that. I thought I told myself that I could thought I could buy a house and I did.

• 55:52Caleb Hammer?

  You did, but look where you're at. You still lost money even though you've gained thirty thousand dollars in equity. That doesn't happen for most people. You've done it the wrong way. You can't sell the house and still make a profit today.

• 56:02Speaker 06

  Well, you gotta learn somehow.

• 56:04Caleb Hammer?

  No, you learn through education beforehand. We're doing a real estate course next. I don't think it's out by the time this video goes out, but that's what you would have needed. You get the debt class, you get the investing class, you get all the classes. Make sure you go through them. And the budgeting class, especially for you, because well, this is a fucking mess. Go through them. You get it for free and come back on the follow up channel and prove it.

• 56:24Speaker 06

  Okay. Challenge?

• 56:26Caleb Hammer?

  Well,

• 56:27Speaker 06

  take your promise?

• 56:27Caleb Hammer?

  Over ten thousand people have taken our debt class and they've people literally out there in the audience, people have turned their lives around. So take it. Oftentimes people don't take classes and take them as seriously if they get them for free. Usually there's like the if I pay, I forgot what it's called, but when people pay for something, they're more likely to do it and do it efficiently and actually learn from it. So there is that like psychological element behind it. So don't fuck it up. Unfortunately for you, I don't have a horse class, but maybe you should take one because you obviously have no idea what the fuck you're talking about for this as a career. You look the part, but you can't talk the part.

• 56:59Speaker 06

  Flying by the seat of my pants, dude.

• 57:04Caleb Hammer?

  What do I do with that?

• 57:08Caleb Hammer?

  What can I do? Tell me what you want from me.

• 57:12Speaker 06

  Um.

• 57:13Caleb Hammer?

  Because I feel like I'm wasting my fucking time right now and I haven't felt that in quite a long time and it's pissing me off.

• 57:20Speaker 06

  I don't, I wanna.

• 57:21Caleb Hammer?

  They better, hopefully they're still learning something or at very least entertained, but I'm not entertained. I'm pissed.

• 57:30Speaker 01

  I don't know what I'm doing. Need a break. Forget it, I quit. Escape to Pluto TV.

• 57:35Speaker 02

  This is objectively fantastic.

• 57:37Speaker 01

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• 57:43Speaker 03

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• 57:45Speaker 01

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• 57:55Speaker 02

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• 57:56Speaker 01

  Escape to Pluto TV. Stream now, pay never.

• 58:00Speaker 06

  I don't know.

• 58:00Caleb Hammer?

  You can't tell me what you want.

• 58:02Speaker 06

  I want to be better financially.

• 58:04Caleb Hammer?

  But you won't listen to me or answer questions.

• 58:07Speaker 06

  Well, you-

• 58:07Caleb Hammer?

  And you joke about everything and laugh everything off like it's a joke.

• 58:10Speaker 06

  So the horse thing is kind of a non-negotiable thing?

• 58:13Caleb Hammer?

  But that's everything. That is 50% of your income. There is nothing that is 50% of our income that we cannot consider non-negotiable

• 58:23Caleb Hammer?

  when we're talking about fixing our financial life.

• 58:25Speaker 06

  Then I'll work more.

• 58:27Caleb Hammer?

  No. You're working 30 hours a week and you said, "I'm grinding, I'm working my ass off." You work 30 hours a week. You can't work more. I know you. I internalize your language. Trust me. Even though you piss me off, I hear what you say and I base everything I say off of what you say. And you specifically said at the beginning of the conversation that you grind-

• 58:50Speaker 06

  I do. I work a lot.

• 58:50Caleb Hammer?

  You work off- you work a lot. I work my ass off, you work 30 hours a week. Shut the f-

• 58:54Speaker 06

  Okay, that-

• 58:55Caleb Hammer?

  It might be hard while you're there-

• 58:56Speaker 06

  I also got all the horse stuff on top of that.

• 58:58Caleb Hammer?

  By choice, not work.

• 59:01Speaker 06

  But it's work if I-

• 59:03Caleb Hammer?

  But you would have to take time away from that to work more and the horse is non-negotiable.

• 59:08Speaker 06

  The time thing is a little bit different, but like-

• 59:11Caleb Hammer?

  30,000 hours a month is non-negotiable to someone that's making 60,000 hours a year. You have no respect for the money because you are on the disability. The disability, I'm not complaining about that. I need to make that clear because people will cry about it in the comments.

• 59:22Speaker 06

  It is accurate. It puts me in a very-

• 59:23Caleb Hammer?

  Exactly. Because you just get it no matter what. You have no respect for the dollar.

• 59:28Speaker 06

  Yeah, it puts me in a very privileged position.

• 59:30Caleb Hammer?

  You're willing to just blow it.

• 59:32Speaker 06

  Because I got a lot of sh-

• 59:39Caleb Hammer?

  Oh, what is this? Uh, upstart, upstart. Twenty one point five nine percent interest.

• 59:46Speaker 06

  That was.

• 59:47Caleb Hammer?

  Okay, so you borrowed fifteen hundred bucks.

• 59:49Speaker 06

  Yeah.

• 59:51Caleb Hammer?

  Two years ago.

• 59:52Speaker 06

  Yeah.

• 59:53Caleb Hammer?

  Two and a half. Uh, okay, what, what's, wha- wha- wha- what's left on this?

• 59:59Speaker 06

  Uh.

• 1:00:00Caleb Hammer?

  Monthly payment of forty one oh eight, what's left?

• 1:00:03Speaker 06

  Probably like not, I mean, it's only a year old, so.

• 1:00:06Caleb Hammer?

  No.

• 1:00:07Speaker 06

  There's still a good chunk of it, or two years. No, it should be a year.

• 1:00:10Caleb Hammer?

  You don't know how much is left?

• 1:00:12Speaker 06

  Hmm.

• 1:00:13Caleb Hammer?

  I'm gonna guess it's like a thousand bucks, okay, so a thousand bucks, let's just say, just to be safe. Thirteen hundred?

• 1:00:19Speaker 06

  Yeah, I wanna say like thirteen.

• 1:00:20Caleb Hammer?

  Okay, what the, what was this for? What was this for?

• 1:00:22Speaker 06

  So, um, my windows were on auto, auto payment.

• 1:00:25Caleb Hammer?

  Are we back to the windows again?

• 1:00:27Speaker 06

  Yeah, yeah, yeah, so my windows.

• 1:00:29Caleb Hammer?

  Fucking windows.

• 1:00:30Speaker 06

  My windows were on auto payment and I didn't realize that I had a payment that didn't get made, like the auto payment bounced. Um, and so I just kept on my merry way with my life and later I was like, wow, I feel like I have more money in my account than I should.

• 1:00:47Caleb Hammer?

  Conversation this long about windows.

• 1:00:49Speaker 06

  Um, and then I looked at my account and I was like eight hundred, nine hundred dollars behind on my windows. And so to make up for that, instead of.

• 1:01:01Caleb Hammer?

  Incredible windows.

• 1:01:02Speaker 06

  Instead of make, like, instead of accruing the, like, late fees and everything, I took out a personal loan and paid off what I owed and then now I'm just paying off the.

• 1:01:12Caleb Hammer?

  Is the twenty one percent interest on this over the course of the multi-year process of this loan about, what is it, a four-year, five-year loan, six-year loan, something like that, whatever? Is that really less than one-time late payment?

• 1:01:27Speaker 06

  I don't, I, I did the math at the time. I did the math at the time and it was like ridiculous dollar amounts a day, something.

• 1:01:36Caleb Hammer?

  Hey you, look at me. My job is to sit right here and be the absolutely stunning figure that I am. And some things I just can't help like my incredible ass, which is why you're all here, of course. But also some things are in my control. For example, the pearly whites. I yap a lot. And some would say too much, so I get it. But listen, if I'm gonna yap, my teeth may as well look pretty damn good. I drank a lot of coffee to get through these audits and I started noticing some staining on my teeth. So I've partnered with today's sponsor, Aura Glow, and they brought back my confidence for continued yap sessions. The reason I prefer them over competitors is because they actually whiten, but they do it sensitivity free.

• 1:02:18Caleb Hammer?

  And that's always been why I can't use these types of products for long due to my sensitive teeth. Seriously, these things are incredible. Make sure to go to Amazon and get the Aura Glow teeth whitening strips or click the link in the description below so your yap sessions can be just as competent as mine with stunning white teeth. Well, how long wait, how long would you have been late?

• 1:02:37Speaker 06

  I was late by like two months.

• 1:02:38Caleb Hammer?

  Oh, okay.

• 1:02:41Speaker 06

  Yeah.

• 1:02:42Caleb Hammer?

  Okay, that's, yeah, that is pretty brutal. That's still fucking crazy. You could not afford this. You can't afford anything you do. Guess what? If you didn't spend sixty, thirty thousand dollars a year on fucking horses. And also you're just a horse fucking collector at this point. You know, it's crazy.

• 1:02:56Speaker 06

  I only have two.

• 1:02:57Caleb Hammer?

  Shut the fuck up. You won't let me finish my point. The fact is, you had one. You really couldn't afford one because you couldn't afford the house. You couldn't afford the movie. You couldn't afford the windows. You couldn't even afford the payments on the windows. So obviously you couldn't afford one horse. So you decided to get a second horse, meaning it's not though for you because you can't even describe how it'll return on its investment in a financial way. You're not, you probably can and other people might be able to say, and that's not a return on investment for actually talking finances. But the fact that you can't describe it means it's fucking, it's brutal. So it doesn't matter. Shut the fuck up. I am talking. So in the reality of the situation, you got a second horse when you couldn't even afford the first horse because you couldn't afford the house or anything at all. With it, you can't afford the second horse. You can't afford the first horse. You can't afford your life right now.

• 1:03:41Caleb Hammer?

  But that didn't matter the first time. So what is stopping us from saying, you know what? I've, I've had fun with this. Now I need to take my fun to the next level. Cause I know how hobbies work. We always just keep going further and further down the hobby. Yours is just more. So all of a sudden, let's add another $15,000 a year expense via another horse. Technically, we can afford it. Our disability covers it. So you're going to end up with a third horse a year and a half from now. You're never going to have retirement. You're never going to be able to sell your house. Cause you're always going to be underwater on by the loans you take out. In order to pay the minimum payments on the loans you already did take out. Cause you couldn't afford to get the house in the first place. You are never going to be in a financial well spot. I know how people like you work unless you completely change this around. But guess what? You said the biggest thing in there is a non-negotiable. So what the are we talking about?

• 1:04:23Caleb Hammer?

  Nothing is what we're talking about. It's bull. This conversation's bull.

• 1:04:33Caleb Hammer?

  Got anything to say?

• 1:04:36Speaker 06

  No, not really. I mean.

• 1:04:40Speaker 06

  Meh. I'm making progress. I'm doing better than I was. So.

• 1:04:46Caleb Hammer?

  I would love to see proof.

• 1:04:47Speaker 06

  You would have had an aneurysm if you would have seen my.

• 1:04:50Caleb Hammer?

  I'm having an aneurysm now.

• 1:04:53Speaker 06

  Oh, it would have been like an aneurysm times two. It would have been bad. You would have seen this like.

• 1:04:59Caleb Hammer?

  Everyone on the show says they're doing better. That's what happens with every single person. I don't believe you for a single second. I bet you have two weeks of doing slightly better. Because you're preparing to come on the show and to you that is I'm doing better. When in the historical world of what's going to happen from here, months from now, after the fire from under your ass is a little bit depleted. You're going to be back to where you were again. In two weeks of progress, we'll have meant nothing. So this is a personal loan in order to make the payments on the loan that we took out. In order to get the windows that we didn't need on the house. We couldn't afford to get.

• 1:05:37Speaker 06

  Yeah.

• 1:05:37Caleb Hammer?

  What a train of loans. It's great. And human centipede of loans. Okay. So what is this? What is this?

• 1:05:45Speaker 06

  What is it?

• 1:05:48Caleb Hammer?

  The creditor is Cross River Bank. You borrowed a thousand eighty dollars with a finance charge of five hundred forty-nine. What is this?

• 1:05:57Speaker 06

  I don't even know.

• 1:05:58Caleb Hammer?

  What is this for? It's another upstart loan. What is it for? Five, a thousand eighty dollars you borrowed?

• 1:06:05Speaker 06

  I forget. I just, I needed, I needed something.

• 1:06:08Caleb Hammer?

  I'm getting better, guys.

• 1:06:10Speaker 06

  I need, I don't know. I just, I needed something. I forgot what it was for.

• 1:06:15Speaker 06

  It was for something that I needed. I wouldn't have done it for nothing.

• 1:06:19Caleb Hammer?

  For fuck's sake, you can't even speak. Not only can you not talk of what you can make on this hobby that you're in, you can't even talk about the money you've already spent. Good How have you made it this far? I ask that a lot. And I'm just as serious now as I am then.

• 1:06:35Speaker 06

  I don't know. Your guess is as good as mine on that one.

• 1:06:39Speaker 06

  Yeah. Yeah.

• 1:06:43Speaker 06

  I don't know.

• 1:06:44Caleb Hammer?

  Waste of fuckin' time.

• 1:06:49Speaker 06

  Not the first time I've heard that one.

• 1:07:01Speaker 06

  You can't make it mad at me for laughing at that one because they're laughing at that one back there, too.

• 1:07:07Caleb Hammer?

  It's because you look like an idiot.

• 1:07:12Speaker 06

  Take the spotlight off of you for a while.

• 1:07:17Caleb Hammer?

  You cannot tell me what this was for, that you borrowed in October, a year of previous this last October.

• 1:07:28Speaker 06

  I think it had to something to do with the horses. I know. So, oh, October last year, my horse had to get x-rays.

• 1:07:35Caleb Hammer?

  A year before this October, this past October.

• 1:07:39Speaker 06

  So not this past?

• 1:07:39Caleb Hammer?

  It was October twenty tw- oh, no, no, no. Sorry. It was this past October. Yes.

• 1:07:44Speaker 06

  Uh, my horse had to get x-rays.

• 1:07:46Caleb Hammer?

  So obviously you cannot afford the horse if we are financing what needs to be done on a horse at seventeen point five four percent. And it's still a non-negotiable?

• 1:07:54Speaker 06

  Yeah.

• 1:07:54Caleb Hammer?

  You're fucking broken then financially. You're done. You're done. There is no conversation to be had. I'm trying to think of another way to get through to you so I don't just walk away. But I'm not seeing it right now. You're fucking done, dude. You, you're not willing to negotiate on something that you objectively cannot afford. This is embarrassing.

• 1:08:18Speaker 06

  For you, not for me.

• 1:08:19Caleb Hammer?

  No, why would I be embarrassed? I don't get, this isn't impacting my life. It should be, it's embarrassing that it's not. Because this is horrible. You have two things. Two things that you rushed into, the horses in the house and all of your debts have related to them so far. This is as easy as it gets compared to other people. Other people, so many things have happened that have gotten them in debt. You just didn't need to try to rush into a house and you just didn't need to have your wants of horses and you'd be totally fine. You would have been told to be fine.

• 1:08:50Speaker 06

  The horse, so the first horse, the one horse that the first horse that I've had since I was 14, that was kind of like pushed on to me. That was not necessarily a thing that like

• 1:09:01Caleb Hammer?

  You could have sold it if you really wanted to.

• 1:09:02Speaker 06

  I'm not, so you're gonna sell your childhood dog? You're, you're telling me you're gonna sell your childhood dog? That's the equivalent, yes, it was pushed on me.

• 1:09:11Caleb Hammer?

  That's different.

• 1:09:12Speaker 06

  Yeah, because, so she was up north, up in Minnesota.

• 1:09:15Caleb Hammer?

  And also the reality is, unfortunately, you, people do have to surrender their pets when they cannot afford them. It is a sad reality. And you can't afford yours.

• 1:09:24Speaker 06

  Selling my childhood horse.

• 1:09:27Caleb Hammer?

  So how was it forced upon you?

• 1:09:29Speaker 06

  Because, so the people that had her up there, where she was, she was, when I was like in the Marine Corps and everything. They were getting ready to like downside.

• 1:09:39Caleb Hammer?

  Corps?

• 1:09:40Speaker 06

  Yeah.

• 1:09:40Caleb Hammer?

  This is not your childhood horse.

• 1:09:43Speaker 06

  Yeah, I've had her since I was 14 years old.

• 1:09:45Caleb Hammer?

  Why are you saying you, in the Marine Corps?

• 1:09:48Speaker 06

  I didn't have, so, okay, so I got her when I was 14 years old. I left for the Marine Corps at 18. She stayed with people up north while I was in the Marine Corps.

• 1:09:59Caleb Hammer?

  Allowed you to get a horse at 14?

• 1:10:01Speaker 06

  It was a, it was a

• 1:10:03Caleb Hammer?

  Some irresponsible parents. It should have been them. It should have been your parent that took on the horse responsibility.

• 1:10:10Speaker 06

  Well, my dad, my dad is, my dad is not.

• 1:10:14Caleb Hammer?

  Being irresponsible. You do not put that on a 25 year plan of something that is beyond expensive on to a 14 year old child.

• 1:10:21Speaker 06

  My dad, so, okay, so I had, I had the horse, right? The neighbors that had the horse, they were like, hey, we're trying to get rid of some of our horses because we're trying to move down to Florida to take care of our parents, all this other stuff. And so they were like, here, here's your horse, take her. And like, yeah, they kind of just didn't.

• 1:10:44Caleb Hammer?

  I would have put her back with dad.

• 1:10:45Speaker 06

  My dad doesn't, no, my dad doesn't have any horse stuff.

• 1:10:48Caleb Hammer?

  Then he shouldn't have been able to buy you a horse.

• 1:10:51Speaker 06

  He didn't buy me a horse.

• 1:10:52Caleb Hammer?

  So what, how'd you get it at fourteen?

• 1:10:54Speaker 06

  So my neighbors bought the horse and I leased it from them. Like it was my horse.

• 1:10:58Caleb Hammer?

  Someone allowed you to at fourteen, i.e. your dad.

• 1:11:01Speaker 06

  Yeah.

• 1:11:02Caleb Hammer?

  At fourteen.

• 1:11:03Speaker 06

  Yeah, I worked um with my grandma to make some money.

• 1:11:07Caleb Hammer?

  And they shouldn't have allowed you to commit to something of twenty-five years long at fourteen? That costs this much money.

• 1:11:14Speaker 06

  Why? Horses like.

• 1:11:15Caleb Hammer?

  That costs this much money. It's not about it being a horse. It's you are required to pay fifteen thousand dollars a year for twenty-five years. And you're committed to that at fourteen. That is irresponsible of the parent unless the parent is willing to take responsibility for it.

• 1:11:28Speaker 06

  So, I mean, so like when it came to vet stuff and whatever, they would pay for most of it, but I was still responsible for.

• 1:11:36Caleb Hammer?

  But you were still required to for the rest of the twenty years.

• 1:11:39Speaker 06

  Yeah, and I still had to pay show entry fees and everything when I was fourteen also and all that other stuff, so. It's, so I think that's why I'm going back to this all, like, one, horses.

• 1:11:49Caleb Hammer?

  It's your fault for a lot of the mistakes you have. It was your dad's fault for not being responsible and allowing you to get this.

• 1:11:55Speaker 06

  What I know.

• 1:11:56Caleb Hammer?

  You weren't able to make the choice. You wanted it. It is the parent's responsibility to say no. Or to deal with it in a different way and take you to ride horses somewhere else instead of you getting a horse that you would have to commit to for the next twenty-five years of fourteen. I have nothing wrong with getting a horse, but there needs to be different levels here. The dad could be able to take care of it. It can, you cannot put a lifetime commitment, horse lifetime commitment on a fourteen-year-old. That is crazy.

• 1:12:20Speaker 06

  No, but yeah, so when I got out of the Marine Corps, then my neighbor was like, yeah, so come get your horse. And so I came and got her.

• 1:12:33Caleb Hammer?

  Oh my, is this a, is this seriously?

• 1:12:35Speaker 06

  No, I think that's the same one. I think that's the same one.

• 1:12:40Speaker 06

  I had trouble trying to find the statement for the.

• 1:12:43Caleb Hammer?

  No, it's a different, I'm getting different numbers.

• 1:12:46Speaker 06

  Is it?

• 1:12:47Caleb Hammer?

  Yeah. No, this is a different one. Jake's confirming it.

• 1:13:00Speaker 04

  Para los grandes, para los chicos, para los bajos y los altos, los pacifistas, los valientes, para los optimistas y los pesimistas, los que valoran lo de adentro, para los que están lejos, los que no vende lejos y los que no vende cerca, para los introvertidos y los extrovertidos, para los que piensan y los que hacen, para los que nos mostraron el camino. Coca-Cola, para todos. Compra una Coca-Cola en una tienda cerca de usted.

• 1:13:30Caleb Hammer?

  So what is this for? You probably can't tell me. You borrowed a thousand two hundred at 12.77% interest on October of 2024. Similar time as the last loan, but different amount.

• 1:13:43Speaker 06

  I don't know.

• 1:13:45Caleb Hammer?

  Was this a different x-ray?

• 1:13:46Speaker 06

  No.

• 1:13:47Caleb Hammer?

  You don't even know what you borrowed like four months ago, five months ago. Come on, come on! Life-changing amount of money for you.

• 1:13:55Speaker 06

  Oh, oh, oh, so I started delivery driving for Domino's. Um, so at first, when I first started Domino's, I was just an insider. Now I'm doing the delivery driving and I had to get new tires for my car.

• 1:14:05Caleb Hammer?

  You're borrowing at a 12.77% interest rate? No way they had a return on investments that you were hoping for? How much are still owed on this? I'm gonna say about a thousand, if even. It's being generous, honestly. Okay, so tire debt of a thousand. Gosh, everything, every instance in your life is, anytime you do anything, you do, you take a debt for it. That's just how you do it. You know no other way. You've never cash flowed anything in your life. You just debt, debt, debt, debt, debt. And I think there's a credit card next, which means it's like where your spending would be.

• 1:14:36Speaker 06

  Oh, yeah. Well, I just forgot. We didn't even get to the credit card yet.

• 1:14:43Caleb Hammer?

  This credit card's insane.

• 1:14:44Speaker 06

  Yeah, I told you. I told you. I wasn't lying. I was not lying.

• 1:14:50Caleb Hammer?

  She's so loud, just for saying nothing.

• 1:14:56Speaker 06

  Can I pee really quick? I'm so sorry.

• 1:14:58Caleb Hammer?

  Please, so that you could not be in front of me.

• 1:15:03Caleb Hammer?

  Go.

• 1:15:08Caleb Hammer?

  Ladies and gentlemen. She on the tire loan, which I won't even have a conversation with her about cuz it is pointless at this point. She probably still owes a thousand dollars is what I'm gonna market. The minimum monthly payment is twenty seven dollars and sixteen cents. Insane. But the thing that she was freaking out about and cop laughing the f*** out of is the fact that she owes on a Navy Federal credit card twenty thousand one hundred seventy eight dollars. Reminder, she makes a thousand four hundred dollars a month of earned income.

• 1:15:52Caleb Hammer?

  Of money that she's going out and earning. She is lucky. She has a disability, not for the disability itself, but she is lucky that she is bringing that money in. It is a

• 1:16:03Caleb Hammer?

  Craig, this is insane. Okay, well, I'm gonna wait for her cuz this is crazy. Whatever, twenty thousand one hundred seventy eight dollars and ninety three cents with a minimum monthly payment of four hundred fifty one dollars. Four hundred fifty one dollars. And guess what, guys?

• 1:16:20Caleb Hammer?

  Four hundred fifty one dollars is a thousand four hundred dollars she brings in from her earned income. Thirty two percent. Over thirty two percent of her earned income goes to literally a minimum monthly payment on a credit card. Literally a minimum monthly payment on a credit card. Well, as I was telling the camera before, essentially, this is f***ed, dude. Thirty three percent of your earned income goes to this on a monthly basis.

• 1:16:44Caleb Hammer?

  It is a Korean alone, two hundred fifty one dollars. In interest a month, and why the f*** possibly would you purchase a hundred twenty nine dollars? And you are close to the credit card limit. If you didn't even make any purchases and you just did your minimum monthly payment, how long does this take to pay off?

• 1:17:00Speaker 06

  I did the math and I looked at it. I looked at something and it said like forty four years.

• 1:17:04Caleb Hammer?

  Thirty one, but yes. Insane.

• 1:17:07Speaker 06

  Yeah, that's

• 1:17:07Caleb Hammer?

  And yet, you're willing to purchase on it?

• 1:17:11Speaker 06

  I was

• 1:17:12Caleb Hammer?

  You're willing to purchase on this?

• 1:17:14Speaker 06

  It was a, it was like a, it was like a, I didn't have my card and like I, it was the only thing available like, cause I

• 1:17:21Caleb Hammer?

  It's for multiple things. It's for buying things at your own work, Domino's. It's something at a bank. It's going in and getting some bullshit from the gas station. This is not a one-time thing. You are lucky. It is at thirteen point nine percentage, but no, six thousand one hundred sixty-two dollars of it are in higher interest because they're cash advances.

• 1:17:41Speaker 06

  I'm telling you, it's a lot better though than

• 1:17:43Caleb Hammer?

  Cash, I don't give a, no, it's not. This is the number.

• 1:17:46Speaker 06

  It's not like I have a giant

• 1:17:47Caleb Hammer?

  This is the number. This isn't better than before. It's at max. I don't give a

• 1:17:53Speaker 06

  T-Mobile, by the way.

• 1:17:54Caleb Hammer?

  I don't give a, I don't know what that means. I don't care. All I care is that this is a max credit card limit.

• 1:18:02Caleb Hammer?

  That's all I give a shit about. No way is it better than before. You are purchasing on it and it's stupid. You're not able to make it as bad as before. Because you're basically at the limit and it takes thirty-one years to pay off. Listen, you have cash advance balances on here. Cash advance balances.

• 1:18:18Speaker 06

  Yeah, I don't know how to get rid of those.

• 1:18:20Caleb Hammer?

  You pay it.

• 1:18:23Speaker 06

  I have been, but haven't, it hasn't gone away. Like

• 1:18:25Caleb Hammer?

  Because you still purchase on the fucking cards. The interest is high, you purchase.

• 1:18:34Caleb Hammer?

  This conversation is fucking enraging. Enraging.

• 1:18:42Caleb Hammer?

  It's okay.

• 1:18:53Caleb Hammer?

  Domino's, it's fine and you can make a career there. You can become a franchise owner. So I don't care. It's just, I don't, your goals of getting to the, I just don't see how you get to the goals and you can't even define them in a monetary way. Listen, if you ever decide to change career paths, I can at least gift you a course career certification. I love them for resume enhancements and switching careers.

• 1:19:14Caleb Hammer?

  But dude, I just, I don't know what you're going to do.

• 1:19:18Speaker 06

  I don't know either. I really don't.

• 1:19:21Caleb Hammer?

  It's so funny.

• 1:19:22Speaker 06

  It's not, but I want

• 1:19:23Caleb Hammer?

  But you laugh about it.

• 1:19:26Speaker 06

  It's more of like a well, kind of situation.

• 1:19:29Caleb Hammer?

  Situation. No, it's not. Because guess what? You can get rid of half of your expenses. Or you can get rid of the expenses that take up half your income. But you started that with it's a non-negotiable.

• 1:19:41Speaker 06

  There's a lot of reasons why that's not negotiable.

• 1:19:42Caleb Hammer?

  It's because it's a horse and you love them and it's an animal and I get that. And I am an animal lover and I'm the last person that would tell you to get rid of it. The simple fact is if you cannot afford it, you cannot give them the quality of life that is required over the course of their entire long term. It is a selfish, it is a selfish thing for you to do.

• 1:19:56Speaker 06

  You're correct. And right now I'm scraping the bare minimum.

• 1:19:58Caleb Hammer?

  No, you're not. You're borrowing. Look, we just had that. You borrowed two little, huge, high-interest debts just a few months ago for them. Because you can't afford it. No, you're not scraping. You're below. You're drowning. You're not scraping.

• 1:20:12Speaker 06

  One of them was for them. One of them was for them.

• 1:20:14Caleb Hammer?

  Yeah, but something else was for something else because you're gonna have enough money for it. Like you don't have enough money for anything. If anything pops up today, you don't have enough money for it. You cannot adequately take care of them. It was irresponsible to take on this other one and you shouldn't have the first one anyway. And it was irresponsible for your dad to allow you to stick to that commitment. Forty-seven dollars and...

• 1:20:34Speaker 06

  My dad didn't really have anything to do with it. It was, my dad was not involved.

• 1:20:37Caleb Hammer?

  Someone had to approve you doing this.

• 1:20:42Speaker 06

  Well, he, he didn't say no.

• 1:20:43Caleb Hammer?

  Exactly. And he should have. Like an adult. Five dollars in savings because we're doing so well. Six hundred seventy-one dollars in checking.

• 1:20:58Caleb Hammer?

  Subscription. Cash F out two hundred. McDonald's.

• 1:21:01Speaker 06

  That's the Cash F out for two hundred.

• 1:21:03Caleb Hammer?

  Duolingo, what the **** you learning, horse? What are you doing?

• 1:21:05Speaker 06

  Spanish.

• 1:21:06Caleb Hammer?

  Uh huh. For why?

• 1:21:07Speaker 06

  Because I'm in Texas.

• 1:21:11Speaker 06

  There's a lot of Spanish. I feel like speaking Spanish is kind of important.

• 1:21:17Speaker 06

  I don't know. I want to learn how to speak Spanish too.

• 1:21:19Caleb Hammer?

  There it is. You want to learn. Thank you. You were trying to justify it.

• 1:21:22Speaker 06

  I think it's a valuable skill as well to be dual.

• 1:21:25Caleb Hammer?

  Yeah. I agree. You can't afford it.

• 1:21:28Speaker 06

  Well. I.

• 1:21:30Caleb Hammer?

  You're literally borrowing like almost micro payday loans.

• 1:21:33Speaker 06

  If you were to compare it, if you were to compare it to like, like taking a Spanish class.

• 1:21:38Caleb Hammer?

  I would say you can't afford that either.

• 1:21:39Speaker 06

  Yeah, well, so that's cheaper.

• 1:21:41Caleb Hammer?

  No, you can't afford either. It doesn't matter if it's cheaper or not. If you can't afford it, you can't afford it. You're literally borrowing for utility payments. You do not afford.

• 1:21:49Speaker 06

  When I first moved in.

• 1:21:50Caleb Hammer?

  Still paying for it two and a half years later. So you, you can't afford it. You can't afford it. 10% interest. Fuck you. This is literal, basic stuff. This is so pointless. Massage, can't afford it.

• 1:22:04Speaker 06

  Massage?

• 1:22:06Caleb Hammer?

  Yeah, effective massage.

• 1:22:08Speaker 06

  That was a fricking, so somebody gave me a gift card and so I went and I got this free fricking massage. And then at the end, they were like, oh, are you gonna tip your masseuse? And I was like, well, now I feel like a dick if I don't. So I fucking tipped him.

• 1:22:22Caleb Hammer?

  You went to the salon, McDonald's, line of credit payment, net deposit check line of credit payment. What the fuck is that?

• 1:22:29Speaker 06

  So Navy Fed has a $500 checking line of credit. So if you overdraft, it goes into this $500 checking line of credit. And then when you get paid, it will automatically pay off your checking line of credit and just give you the remaining.

• 1:22:41Caleb Hammer?

  Oh, no, you're in the.

• 1:22:42Speaker 06

  I, I am so sucked into that cycle. It is horrible. I'm fine.

• 1:22:47Caleb Hammer?

  You can't afford the horses. You can't afford Duolingo. You can't afford anything. You're fucking cash advancing. You can't afford life. You can't afford anything. Yeah, you can't afford anything. You can't afford anything. Where, where does your dad live?

• 1:22:59Speaker 06

  Minnesota.

• 1:22:59Caleb Hammer?

  How's your relationship?

• 1:23:01Speaker 06

  Not great.

• 1:23:03Speaker 06

  I mean, it's not horrible, but.

• 1:23:05Caleb Hammer?

  Do you have any family that you have a good relationship with?

• 1:23:08Speaker 06

  Some, but I'm not going to live with any.

• 1:23:10Caleb Hammer?

  You might need to live with them. You might need to sell your house and get your payments to nothing. Unfortunately, that might be the only way to still keep the horses or you have to get rid of the horses. We have to lower these payments somewhere.

• 1:23:24Speaker 06

  No, I agree with that.

• 1:23:25Caleb Hammer?

  You can't do it. You cannot do this. This does not work. And finally, I got you to Spotify. Listen, people think I'm just like anti Spotify. I'm not. You literally are borrowing for utilities, borrowing for your horse's x-rays. You can't afford it.

• 1:23:38Speaker 06

  I have.

• 1:23:39Caleb Hammer?

  It's as simple as literally that.

• 1:23:41Speaker 06

  When I first bought that second.

• 1:23:42Caleb Hammer?

  What is FCHF?

• 1:23:45Speaker 06

  FCHF, I don't, I honestly.

• 1:23:47Caleb Hammer?

  $450.

• 1:23:49Speaker 06

  Given to?

• 1:23:51Caleb Hammer?

  Out.

• 1:23:51Speaker 06

  Out?

• 1:23:52Caleb Hammer?

  Yes, out. Oh, wait, it's an ATM, what wrong? Where the did that go?

• 1:23:57Speaker 06

  Four hundred and fifty dollars, that's my board for my horses and my horse payment. I do it in cash.

• 1:24:07Caleb Hammer?

  Donald's can really afford it, can't you? Vape City, great. So we're also killing ourselves with a habit that costs so much money on a monthly basis. No, that is not cute. That is disgusting.

• 1:24:17Speaker 06

  I am trying to quit. I am trying to quit.

• 1:24:20Caleb Hammer?

  Is what everyone says who comes on the show. It's convenient that they're all trying to quit, but no one does. Car wash, you really need that. We live in Texas. There's no ice, there's no.

• 1:24:30Speaker 06

  It's because I am a delivery driver and that's required by work. That I get a car wash.

• 1:24:35Caleb Hammer?

  Time to get a new job. It sucks anyway. You're being paid. I don't give a, it's not about that. Did I suggest you didn't like your job?

• 1:24:42Speaker 06

  Because like, to me, me liking my job is more than making money and torturing myself and then doing it over this shit.

• 1:24:49Caleb Hammer?

  Alright, I'm done. I'm done. I'm done. You're not even willing to get a job that pays more than nine dollars an hour.

• 1:24:55Speaker 06

  I mean, I didn't say I wasn't willing.

• 1:24:57Caleb Hammer?

  I haven't had to end the conversation in a long time.

• 1:24:59Speaker 06

  I wasn't.

• 1:24:59Caleb Hammer?

  I'm sorry, guys. I haven't had to end a conversation in a long time, but I'm ending this conversation. Because this is the dumbest thing. This is the worst conversation I've had in my life. Listen, Hammer Financial Score. Let me eat a horse. That'll save you a lot of money.

• 1:25:14Caleb Hammer?

  We're gonna go into the post show and have a more pleasant conversation. I'm gonna cool down and maybe we'll talk about the rest of this, but I'm done. I'm fucking done. Just join, join it. Link in the description below. And make sure you download the Simpler Budget app so you don't end up like this. Make everything automated and enjoy the community and education and everything that comes with it. Bye, see you in the post show. Participant?

• 1:25:36Speaker 06

  I have. I was like dating and you're like, no, I f***ed my friends. I thought everybody did.

• 1:25:41Caleb Hammer?

  Why can't you have opened the show with this information?

• 1:25:44Speaker 06

  No, but this is like the post show, right? People have to pay for this. Tried to do an only thing. Wait, you tried only?

• 1:25:51Caleb Hammer?

  Posted the on Twitter.

• 1:25:52Speaker 06

  Yeah. I was also a stripper.

• 1:25:57Speaker 06

  Super flexible.

• 1:25:58Caleb Hammer?

  Dad, we're learning this all at the end.

• 1:25:59Speaker 06

  I'm sorry. It's not relevant to my financial.

• 1:26:03Caleb Hammer?

  We will decide if it's relevant to your finances.

• 1:26:06Speaker 06

  Take, take two. Let's start again. Start from the beginning. To watch the financial audit post show.

• 1:26:11Speaker 04

  Para los grandes, para los chicos, para los bajos y los altos, los pacifistas, los valientes. Para los optimistas y los pesimistas, los que valoran lo de adentro. Para los que están lejos, los que no vende lejos y los que no vende cerca. Para los introvertidos y los extrovertidos, para los que piensan y los que hacen. Para los que nos mostraron el camino. Coca-Cola, para todos. Compra una Coca-Cola en una tienda cerca de usted.