Professional Redditor Treats His Wife Like A Pet | Financial Audit

▶"MONEY DOESN'T MATTER" AGHHHHHHH I blow up on them an take them to the grave with me in todays post show, watch here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶ Download my budgeting app today: https://calebhammer.com/app - don't overcomplicate this crap! All you need is an automated and SIMPLE budget. This comes with live CFP sessions, weekly classes, an online community, automatic account connections, my budget-friendly cookbooks, and exclusive discounts on my products Check it out :) Roll over your 401(k) at https://hicapitalize.com/caleb and see site for full terms. This video is sponsored by Capitalize! #sponsored @hiCapitalize Get access to GLP-1s online: http://ro.co/Caleb Make SonderMind your mental health home in 2025. Sign up at: https://pages.sondermind.com/caleb/ ▶▶▶ Download my budgeting app today: https://calebhammer.com/app ▶ Watch this episode's *POST* *SHOW* + get *MORE* Financial Audit here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶Come to my live show in Austin on Feb 22nd: https://www.calebhammer.com/live ▶EDUCATION: 1) Bundle my budgeting, debt + investing program for *15%* *off* : https://calebhammer.com/classpack/ 2) The best budgeting program online: https://calebhammer.com/budget 3) Get my investing class and I’ll give you a $100 moomoo cash reward: https://calebhammer.com/investing 4) Win with GOOD debt and get out of BAD debt correctly, learn in my debt program: https://calebhammer.com/formula 5) Get your own free Hammer Financial Score: https://www.calebhammer.com _______________________ ▶RESOURCES 1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $300 when you sign up and set up direct deposits. Terms apply: https://creator.sofi.com/c/5535481/2068695/19219?adcampaignid=bank&adnetwork=brand *affiliate link 2) Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services. Click this link https://j.moomoo.com/Caleb to get up to 15 free stocks from moomoo U. S when you make a qualified deposit + earn 4.6% on uninvested cash + an additional 3.5% APY Coupon for 3 months for new users!! Terms & Conditions Apply 3) Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 4) CourseCareers: Land a high-paying job with no experience or degree by going through an affordable online course: https://coursecareers.com/a/calebhammer 5) The credit building debit card: First 100,000 people to sign up for Fizz with code: HAMMER10 get $10: https://www.joinfizz.com/caleb (paid ad) 6) Advising: Book your free strategy session https://dmnmny.co/caleb to work with Adrianna or any of the other CFPs at Domain Money today! 7) Helium Mobile: save a ton on your phone bill, sign up and get 30 days of FREE trial when using promo code CALEB https://hellohelium.com/ 8) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer 9) Therapy: Make SonderMind your mental health home in 2025. Sign up at: https://pages.sondermind.com/caleb/ 10) Build you own stan store: https://www.stan.store/?ref=CalebHammer Learn more about your ad choices. Visit megaphone.fm/adchoices

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

• 0:01Speaker 00

  Born in Texas, made in America, that's Valero. Keeping America moving, rain or shine, day or night, 365 days a year. Giving back to our communities and helping businesses thrive. We're proud to fuel the people who keep this country moving. So whether you're exploring new roads or heading down ones you know, we're here, fueling drives coast to coast. Proudly American, proudly getting you where you need to be. Right now, Valero.

• 0:30Caleb Hammer?

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

• 0:33Speaker 02

  I invest in lottery tickets. That is my retirement plan.

• 0:39Caleb Hammer?

  Okay, well, that's the dumbest retirement plan I've ever heard in my life.

• 0:41Speaker 02

  Savings and wise investments, no, that's too slow.

• 0:44Caleb Hammer?

  You're just a dumb.

• 0:45Speaker 02

  But if they win.

• 0:46Caleb Hammer?

  If they win.

• 0:47Speaker 02

  You've probably heard about the GameStop.

• 0:50Caleb Hammer?

  Go ahead, what are our goals, guys?

• 0:52Speaker 02

  It's not work. That's literally the only goal.

• 0:54Speaker 03

  Apparently, we like living cushy lives.

• 0:56Caleb Hammer?

  Lower your standard of living, you entitled.

• 0:59Speaker 02

  No, I will not do that.

• 1:01Caleb Hammer?

  Download my new simpler budget app today and take control of your money once and for all.

• 1:08Speaker 02

  Hi, my name is Tom. I'm 32.

• 1:10Speaker 03

  Hi, my name is Jane. I'm 32. We live in Austin, Texas.

• 1:14Speaker 02

  And this is Financial Audit.

• 1:16Caleb Hammer?

  Guys, thanks for coming into the studio. Let's start with you, Tom. What do you do here in Austin for 11?

• 1:23Speaker 02

  I am a software engineer.

• 1:25Caleb Hammer?

  Ooh, that can be money. What are you making?

• 1:27Speaker 02

  It's complicated, but with my base.

• 1:31Caleb Hammer?

  Okay.

• 1:31Speaker 02

  But with my base salary and, you know, bonus comes out to 220.

• 1:38Caleb Hammer?

  Me.

• 1:39Speaker 02

  Yeah.

• 1:40Caleb Hammer?

  Dude, well done, man. How are you like in, how long have you been in this position or working your way up?

• 1:48Speaker 02

  I went to college for a couple of years, then I got offered a job. So I dropped out. So I started working as a full-time software engineer when I was 20 years old.

• 1:55Caleb Hammer?

  Can you tell me why possibly it is the most high-earning people that have the most?

• 2:03Speaker 02

  Mo money, mo money, mo problems.

• 2:06Caleb Hammer?

  Yeah, I guess, but also more choices that got you there.

• 2:09Speaker 03

  Yeah.

• 2:09Caleb Hammer?

  Because you have the ability to control it more than most with such a strong income. Okay, Jane, what do you do for a living?

• 2:17Speaker 03

  I'm a stay at home mom.

• 2:18Caleb Hammer?

  Okay, so no earnings. Well, that's okay. Two hundred and twenty thousand dollars is not even comparable. You're like almost triple the median household income in the United States.

• 2:26Speaker 02

  A big part of the income also. Yeah, so I run a software agency also.

• 2:33Caleb Hammer?

  Really?

• 2:33Speaker 02

  Yeah, so before taxes, I bring in about two thousand dollars a month extra.

• 2:39Caleb Hammer?

  Okay.

• 2:40Speaker 02

  I don't do, it's pretty much passive work. I don't actively write code, but do a lot of like architecture review type.

• 2:47Caleb Hammer?

  Sure, okay. So what hits your account on a monthly basis through payroll?

• 2:53Speaker 02

  See, part of the problem is I don't really really keep track of how much.

• 2:57Caleb Hammer?

  How?

• 2:58Speaker 02

  General process is at the end of the month, you know, before all the bills are due, I pay all the bills. And then if the vibes are off.

• 3:05Caleb Hammer?

  The vibes?

• 3:07Speaker 02

  Like if if the lines that they show on the little thing website when you log in go down or don't go down, then that's a problem.

• 3:13Caleb Hammer?

  You're talking about lines. What lines are you looking at?

• 3:15Speaker 02

  The Amex.

• 3:19Speaker 03

  There are some graphs.

• 3:20Speaker 02

  Yeah.

• 3:20Speaker 03

  On on the credit card.

• 3:22Caleb Hammer?

  Okay.

• 3:24Speaker 03

  Well, he doesn't believe in budgeting.

• 3:25Speaker 02

  Yeah, I don't. I don't believe in budgets, which is.

• 3:27Caleb Hammer?

  Straight up don't believe in budgeting, yet you came on financial.

• 3:31Speaker 02

  An equivalent statement would be, I believe the budget should be zero, which I think, which I take to mean that we should prioritize only purchasing the things.

• 3:40Speaker 03

  Yeah, but we don't.

• 3:41Speaker 02

  Sure, I mean, yeah, that's that's aspirational, but.

• 3:44Speaker 03

  We don't, we don't, we don't.

• 3:47Caleb Hammer?

  So what the is the point then?

• 3:49Speaker 02

  Well, we're fixing it.

• 3:50Caleb Hammer?

  We're fixing it. What does everyone say? They come on and they said, I'm fixing it.

• 3:54Speaker 02

  Well, this is the first part of fixing.

• 3:56Caleb Hammer?

  No, I'm not a voodoo person. I can't just create things and make it happen. I'm not a magic bill. I, you know, have the conversation, do the wake up call, get you on a budget, connect you with resources, sure. But this actions and the choices and the behavior is still you. And if your belief in general is that budgets don't matter, then what the? What I do.

• 4:14Speaker 02

  So my, my main concern with budgets is that I can see how some people might interpret them as I have a $200 budget for Walmart or whatever it is. So I'm gonna spend $200 and I, I'm not much of a spender. You might find evidence to the contrary, but I, I believe a lot of the spending originates from, uh, not me.

• 4:37Speaker 03

  Okay, so.

• 4:38Caleb Hammer?

  Oh, what does that mean? Is that immediately pushing it towards the?

• 4:41Speaker 02

  To others.

• 4:42Caleb Hammer?

  The, the why?

• 4:43Speaker 02

  Not me.

• 4:44Caleb Hammer?

  Wait, how long have you guys been married?

• 4:46Speaker 03

  2016, so.

• 4:48Caleb Hammer?

  Oh, this is a while. Any kids?

• 4:50Speaker 02

  Yeah, and we were.

• 4:50Speaker 03

  We have two kids.

• 4:51Caleb Hammer?

  You have two kids. Ages?

• 4:53Speaker 02

  Yeah.

• 4:54Speaker 03

  Five years and 18 months. Um, they're awesome.

• 4:57Caleb Hammer?

  Why, why, why?

• 4:58Speaker 03

  Five years.

• 4:59Caleb Hammer?

  Eighteen, it's already a year. Why don't you just say a year and like a half?

• 5:03Speaker 02

  Yeah, that's a big difference between a one and a half year old and a one year old.

• 5:05Speaker 03

  Well, 19 months, I guess, because she's.

• 5:07Caleb Hammer?

  Okay.

• 5:09Speaker 03

  It matters.

• 5:10Caleb Hammer?

  Sure. Well, no, I, it matters more to me that he just said you spend all the money.

• 5:14Speaker 03

  Oh, okay. I do do most of the daily spending. That's just true.

• 5:18Caleb Hammer?

  What is your daily spending? Now, actually, what is her daily spending in your perspective?

• 5:25Speaker 02

  Well, so.

• 5:26Caleb Hammer?

  And we don't budget and that's usually how we learn where the money goes.

• 5:29Speaker 02

  Last week that we had a credit card that had a balance.

• 5:32Caleb Hammer?

  What do you mean you found out last week?

• 5:34Speaker 02

  In the course of acquiring all the balance statements for, for the show, there was a surprise.

• 5:40Caleb Hammer?

  You didn't know?

• 5:41Speaker 02

  I knew the credit card existed, but I, I didn't know that had a balance.

• 5:44Caleb Hammer?

  Why didn't he know?

• 5:46Speaker 02

  Well, it's her credit.

• 5:47Caleb Hammer?

  Yeah, well, ours? So we're not doing things together. We're not planning. We don't conversate.

• 5:52Speaker 02

  We have merged.

• 5:54Caleb Hammer?

  No, hey, why didn't he know?

• 5:56Speaker 03

  Uh, I think it was, I don't think that I was trying to avoid telling him. Maybe I was a little bit, but, uh, I was, I don't know. I don't, I don't have a really. I I I mean, I was embarrassed. I thought that I could fix it by myself.

• 6:16Caleb Hammer?

  Fix it by yourself with zero dollars.

• 6:19Speaker 03

  Oh, I mean, it doesn't make an it doesn't make any sense.

• 6:23Caleb Hammer?

  So she doesn't. Yeah, but try to make it make sense because you were. No, no, no, no, no, uh-uh. Because you were trying to create some logic over there for this. So try to make it make sense because you thought about it. You sat, you put actions in place.

• 6:40Speaker 03

  So he sends me, or he used to send me fifteen hundred dollars a month.

• 6:45Caleb Hammer?

  Before marriage?

• 6:47Speaker 03

  No, no, no, no, no. He, he, in marriage, he would send me fifteen hundred.

• 6:52Speaker 02

  Her allowance.

• 6:52Caleb Hammer?

  Her allowance? What is she? Just like a child? A toy?

• 6:57Speaker 03

  Supposedly, we have conversations.

• 7:00Caleb Hammer?

  Thing under her nose? Like, it's, oh, good job. You got fifteen hundred bucks.

• 7:03Speaker 03

  Mm-hmm. That's what it's there for.

• 7:05Caleb Hammer?

  Okay.

• 7:05Speaker 03

  Um.

• 7:08Speaker 03

  Um, okay, so he used to send me fifteen hundred dollars a month and then be like, we don't really have that to send over to you, so I'm sending you a thousand.

• 7:16Caleb Hammer?

  You do, but also, also, but that's still weird.

• 7:18Speaker 03

  But because we are in too much debt and so, uh, he, a good chunk of that goes to, two hundred and twenty dollars a week goes to childcare. And that comes from my account and I need that. I need that. I need that.

• 7:37Caleb Hammer?

  My account, his account, sending money, my childcare, his childcare, what the are you on about? Why is it so separated?

• 7:45Speaker 03

  Well.

• 7:46Caleb Hammer?

  We only have one income source anyway, so why overcomplicate it? Doesn't make sense.

• 7:50Speaker 02

  We just kept the accounts we had since we were in college and we got together in college.

• 7:55Caleb Hammer?

  Yeah, wonderful. And then you change it.

• 7:58Speaker 02

  Never opened a.

• 7:59Caleb Hammer?

  Why?

• 8:00Speaker 03

  I like having control of, of, of, okay, I like having.

• 8:04Caleb Hammer?

  Control over what?

• 8:05Speaker 03

  Control over my own money.

• 8:07Caleb Hammer?

  Huh?

• 8:08Speaker 03

  Uh, I like having control over my own money.

• 8:10Caleb Hammer?

  What money? You don't make money.

• 8:11Speaker 03

  I, uh.

• 8:12Speaker 02

  Well, allowance money.

• 8:14Caleb Hammer?

  Allowance money because she's a toy. Okay.

• 8:17Speaker 03

  I'm not a toy. I'm not a toy.

• 8:19Caleb Hammer?

  You need an allowance. Why aren't you guys?

• 8:21Speaker 02

  Toys don't receive allowance.

• 8:22Speaker 03

  Spend on the other thing, on the other card. I also spend on the other card in that I try to only spend.

• 8:29Caleb Hammer?

  Wait, childcare?

• 8:31Speaker 03

  Uh.

• 8:32Caleb Hammer?

  I thought you were a stay-at-home mom.

• 8:33Speaker 03

  I'm, I am a stay-at-home mom and, uh, Tom works a ton.

• 8:39Speaker 03

  And um.

• 8:40Caleb Hammer?

  Which somehow means.

• 8:43Speaker 03

  And so I need.

• 8:44Caleb Hammer?

  You're gone.

• 8:46Speaker 03

  So it means that I need a break sometimes.

• 8:49Caleb Hammer?

  Oh, okay. So how much break do you take?

• 8:52Speaker 03

  Uh, twice a week for four hours. Um, I, I do have a sitter come. And I do things that I can't do while watching the kids.

• 9:03Caleb Hammer?

  Um, and. Budget, it's fine.

• 9:05Speaker 03

  It would be if we.

• 9:08Caleb Hammer?

  Yeah, I, I realize that. So what, uh, this is what I'm confused. The, the allowance thing, I guess, just maybe the word allowance just feels so weird to me because it's so.

• 9:19Caleb Hammer?

  Children.

• 9:19Speaker 02

  I'll, I'll tell you where it's.

• 9:21Caleb Hammer?

  But, but why aren't we literally just spending the money that would go into a joint account? And we decide where we're allowed to spend money by just talking about it and putting it on a spreadsheet, not even doing the, we will spend this much on fun or whatever this month. Even though you can sit down and actually plan for the next month, but whatever. That's the saying we're able to spend this much. Why is that not done? Why is it? Okay, let's just throw off money over to my apparent wife and. And then it's just a black hole that doesn't matter or exist anymore. Like that doesn't, I think it's counted for.

• 10:01Speaker 02

  The main concern is that I have not an issue, but a fear that I may be a contributor to financial abuse if I don't.

• 10:11Caleb Hammer?

  Financial abuse. That's a loaded word. Go ahead. Actually like.

• 10:15Speaker 02

  I don't want to be accused of financially abusing my wife for.

• 10:19Caleb Hammer?

  Wait, you think you're gonna get canceled by your wife?

• 10:21Speaker 03

  No, he, he just wants to have some.

• 10:23Caleb Hammer?

  Our peers. What, what would you do? What was this? What is this?

• 10:26Speaker 03

  Over. I, I have autonomy over a small account.

• 10:29Caleb Hammer?

  I get that. A financial, financial abuse. That is a loaded term. What the do you think you would do?

• 10:35Speaker 02

  Not having, not allowing her to have access to, to money that we effectively both put in labor for. She, you know, watches the children.

• 10:44Caleb Hammer?

  So.

• 10:45Speaker 02

  Laundry.

• 10:46Caleb Hammer?

  So you just don't be a fucking asshole or you see a therapist or you have conversations. What, are you saying you can't control yourself?

• 10:58Speaker 02

  I don't know. It's just easier to say she's, if she wanted to leave, she has an opportunity to leave because she can be saving, saving this money.

• 11:07Caleb Hammer?

  Leave the marriage?

• 11:09Speaker 02

  Yeah.

• 11:10Caleb Hammer?

  What are you doing? This isn't a marriage. This like seems like such a, this is a friendship that has a little diddle diddle.

• 11:17Speaker 03

  No, no, no.

• 11:18Speaker 02

  It's just, just insurance, just insurance.

• 11:20Caleb Hammer?

  Insurance, you preen up, but insurance for her.

• 11:22Speaker 03

  I have autonomy over some of my own.

• 11:25Caleb Hammer?

  Autonomy? No, no, no. Why are you guys not deciding as a household where money can go? And then you can still, if we have a fun category, you can still spend whatever it is in that fun category. You just put categories on things. Autonomous on what? What are you doing?

• 11:43Speaker 03

  I'm making bad choices.

• 11:48Speaker 02

  And because of that, if she only has access to the cash I give her plus her credit card, that if she is the root cause of this spending, then it protects the other.

• 11:59Caleb Hammer?

  Hey, is this working?

• 12:02Speaker 03

  No.

• 12:03Caleb Hammer?

  Okay, so I don't give a, why are you defending it?

• 12:06Speaker 02

  Maybe I'm.

• 12:06Caleb Hammer?

  No, no, no, no, no. Look, hey, guy, girl, look at the things I have in front of me. You're on the show. If it was working, you wouldn't be here. Why defend this fucking method of insanity? That is objectively not, oh, go ahead. What's your little plan? We're eight years into marriage and so far it's a complete fucking mess. Seven years now.

• 12:28Speaker 02

  So I invest in lottery tickets, not literal lottery tickets, even though I like to purchase literal lottery tickets.

• 12:37Caleb Hammer?

  Why are you like, with your words? What are you saying?

• 12:40Speaker 02

  So I like to invest in startups, so I have some equity in some.

• 12:46Caleb Hammer?

  How much?

• 12:47Speaker 02

  I can't tell you how much those companies are worth or.

• 12:49Caleb Hammer?

  You don't have to tell me the companies. Can't you tell me how much you invested?

• 12:52Speaker 02

  Oh, sure. Forty thousand dollars.

• 12:54Caleb Hammer?

  Over the course of?

• 12:57Speaker 02

  Since I started, so ten.

• 12:58Caleb Hammer?

  Started what?

• 12:59Speaker 02

  Sophomore junior, so ten, ten years. So and.

• 13:02Caleb Hammer?

  Great.

• 13:02Speaker 02

  Maybe some of those.

• 13:04Caleb Hammer?

  Which you probably shouldn't do unless your retirement is substantial, because now you're essentially waiting for an exit.

• 13:10Speaker 02

  Part of what I'm getting to is that, that is my retirement plan.

• 13:16Caleb Hammer?

  Okay, well, that's the dumbest retirement plan I've ever heard in my life.

• 13:18Speaker 02

  Sure, yeah.

• 13:19Speaker 03

  I mean, probably, but it's the one we got right now.

• 13:22Caleb Hammer?

  No, there's another one and then you borrowed against it.

• 13:24Speaker 02

  Oh, savings and wise investments. No, that's too slow.

• 13:29Speaker 03

  Yeah.

• 13:30Caleb Hammer?

  10% a year is slow. 50% over the last two years is slow. I'm kind of happy with the 50% increase in my money. I'm sure that's more than you got.

• 13:38Speaker 02

  What numbers are you saying? You're saying if I invest 10% of my?

• 13:42Caleb Hammer?

  The S and P 500 over the last two years had a combined 50% growth.

• 13:46Speaker 02

  Oh, sure. If you want to cherry pick the most recent.

• 13:49Caleb Hammer?

  Oh, you know, the time that it is right now.

• 13:52Speaker 02

  Right.

• 13:52Caleb Hammer?

  Instead of choosing years like 50 years ago.

• 13:55Speaker 02

  I you won't be saying those quotes. Oh, the.

• 13:56Caleb Hammer?

  No, you're right. In the bear market, I'll be thrilled. I'll be nutting everywhere, investing like crazy because I love a bear market more than any market. Cause that means I get the money in.

• 14:06Speaker 02

  Capital. Yeah, sure.

• 14:07Caleb Hammer?

  Which you do. I don't get what point you're trying to make.

• 14:09Speaker 02

  As you will find out. No, we do not.

• 14:11Caleb Hammer?

  No, you do. You're just a dumb.

• 14:15Caleb Hammer?

  You have the capital. You put 40,000 hours into startups.

• 14:19Speaker 02

  But required expenses and if any of them.

• 14:22Caleb Hammer?

  Access to it until liquidity events. How many are still around that you got in?

• 14:25Speaker 02

  Both of them are still.

• 14:26Caleb Hammer?

  Oh, it's only two. So it's not even diversified.

• 14:29Speaker 02

  No, but I so I'm kind of just started this whole entrepreneur thing.

• 14:34Caleb Hammer?

  Investor.

• 14:35Speaker 02

  Founding companies also. And so the companies I found I would own, you know, 100% or 50% if I find another non-technical co-founder. So I'm only 32.

• 14:47Caleb Hammer?

  What? The one that you get 2,000 hours a month from?

• 14:49Speaker 02

  That was my software agency. That's not so.

• 14:51Speaker 03

  He's had employees and stuff. So that's just.

• 14:54Caleb Hammer?

  Had?

• 14:54Speaker 02

  Yeah. Yeah, I had last maybe two years ago, five full-time employees.

• 15:00Caleb Hammer?

  Must have been nice if they could have kept their jobs.

• 15:05Speaker 03

  Well, yeah.

• 15:06Speaker 02

  The market and chat GPT kind of.

• 15:10Caleb Hammer?

  Go on, what?

• 15:11Speaker 02

  Yeah. So the software engineering market is kind of tanking right now. So you've seen, you know, layoffs from Meta.

• 15:17Caleb Hammer?

  So you got rid of all your five?

• 15:19Speaker 03

  No.

• 15:20Speaker 02

  No, I still have.

• 15:21Caleb Hammer?

  Was this the agency?

• 15:22Speaker 02

  Yeah, my software.

• 15:23Caleb Hammer?

  What was your monthly revenue then compared to now? Gross.

• 15:26Speaker 02

  I lost on a month, I think around $10,000 or so since my, my software agency.

• 15:34Caleb Hammer?

  Gross, what were you bringing in then? Gross, what are you bringing in now?

• 15:37Speaker 02

  I, I don't even know. So.

• 15:38Caleb Hammer?

  Come on, the revenue that comes in on average, guy.

• 15:41Speaker 02

  Right now.

• 15:42Caleb Hammer?

  Stop touching the table with your damn ring.

• 15:44Speaker 02

  All right, right now.

• 15:45Speaker 03

  That he lost $100,000 doing that and he was.

• 15:49Caleb Hammer?

  Well, what do you mean? It was like worth a hundred and then it went to zero or you put in a hundred.

• 15:53Speaker 03

  He put in $100,000.

• 15:54Speaker 02

  And then earned it back.

• 15:55Speaker 03

  He put in $100,000 into this. He also like quit his higher paying job right before.

• 16:02Speaker 02

  Oh, because I was working a full-time job at the same time as starting.

• 16:05Caleb Hammer?

  Here's the crazy thing. I am not necessarily against it. This country is great in the world of you get to take that risk. You get to do that and you find out if you win or not, but there are levels that I would get you to first before you're allowed to take that risk. That is having probably a year's emergency fund, making sure you have some, hey, how about I talk? Some sense of retirement, you know, that would be on track and let it grow while you're going off and fucking around. But I love the idea of you going in and putting some money into something you feel confident and grinding on it and creating jobs. I love that. That's great. And you know what? It went to zero and that happens and you can try things again. But the foundation, man, for the sake of your family and two kids, by the way.

• 16:50Speaker 02

  What I.

• 16:50Caleb Hammer?

  Do you remember when you guys told me you have two kids? Yeah, that's an interesting little thing. Maybe we should take care of them instead of our own selfish desires. Maybe we have a foundation.

• 16:58Speaker 02

  I learned that after.

• 17:00Caleb Hammer?

  Interesting results for someone that has learned something and decided not to correct it.

• 17:03Speaker 02

  I think I'm paying the consequences of, of those actions.

• 17:07Caleb Hammer?

  When'd you lose the hundred?

• 17:09Speaker 03

  That was 2023.

• 17:11Speaker 02

  So this year.

• 17:12Caleb Hammer?

  So you've had two years to build a fully funded emergency fund.

• 17:17Speaker 02

  So I don't, don't believe in that.

• 17:18Speaker 03

  Okay, so trying to, hold on.

• 17:20Caleb Hammer?

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• 18:05Speaker 03

  2022, I had a bunch of health stuff happen and then so we, we were kind of hemorrhaging money then and then.

• 18:11Caleb Hammer?

  You not have good insurance?

• 18:13Speaker 03

  No, we had a good insurance.

• 18:15Speaker 02

  She hit her out of pocket max, I think twice.

• 18:17Caleb Hammer?

  Oh, she is.

• 18:18Speaker 03

  Yeah, I had, I had.

• 18:20Caleb Hammer?

  The next enrollment, did you up it?

• 18:22Speaker 02

  We pay for the, the most expensive insurance and the most.

• 18:25Speaker 03

  I mean, I, I'm, I'm kind of broken. I have a bad eye and got my tonsils out and have like genetic issues and OCD. I'm like totally a mess. That's not funny, but it's true. And, uh, so we spent a lot of money on medical stuff in 2022 and then I got pregnant from IVF.

• 18:49Speaker 02

  Which was expensive.

• 18:50Speaker 03

  Which was expensive.

• 18:51Caleb Hammer?

  I'm not against you doing it in a smart way.

• 18:54Speaker 02

  Company pay it through, uh, insurance, uh, but still even after all of that, you know, copays and deductibles, all that. We still ended up paying several thousand dollars for that.

• 19:05Caleb Hammer?

  Mm hmm. Which again, I'm not against to do it in a financially healthy, smart way.

• 19:08Speaker 03

  Then Tom had a, uh, mini stroke at the beginning.

• 19:14Caleb Hammer?

  You had a little stroke?

• 19:15Speaker 02

  Yes, this is tiny.

• 19:16Caleb Hammer?

  A little touch of stroke?

• 19:17Speaker 02

  So I was working a full-time.

• 19:19Speaker 03

  Working in the hospital too.

• 19:21Speaker 02

  Yeah, I had three full days.

• 19:22Caleb Hammer?

  What's up? What's up? Did they figure out a root cause or anything?

• 19:26Speaker 02

  I have like a stage one hypertension and when there's like.

• 19:30Caleb Hammer?

  Whoa, whoa, whoa. Okay. Hold on. Are you taking medicine?

• 19:33Speaker 02

  Uh, yeah, I take, uh, some aspirin.

• 19:35Caleb Hammer?

  Okay. I mean.

• 19:36Speaker 02

  Changed my diet.

• 19:36Caleb Hammer?

  Physically look relatively healthy, but are you keeping just like salts and everything under control?

• 19:40Speaker 02

  Yeah. And, uh, red meats I stopped eating and that's helped.

• 19:44Caleb Hammer?

  Damn, that's a shame.

• 19:44Speaker 02

  Yeah. So I didn't know, uh, I guess that those triggers would cause that. And, you know, with the stress of having a full-time software engineer.

• 19:52Caleb Hammer?

  What was it like? What was the mini stroke?

• 19:54Speaker 02

  What was the mini stroke?

• 19:55Speaker 03

  It was terrifying.

• 19:56Speaker 02

  Just like, what happened? Yeah, it's called ATIA, a trans something. So basically what happens is that a blood clot forms somewhere in your brain due to either higher or lower. But what happened to you? Just like in the moment, just like what?

• 20:12Speaker 03

  It was terrifying.

• 20:13Speaker 02

  Kind of traumatic, but basically what happened is that...

• 20:16Speaker 03

  He didn't want to go to the hospital either.

• 20:18Speaker 02

  Yeah, I didn't want to go outside. And I don't know if I needed to go to the hospital. Probably the first time we went outside in a decade.

• 20:22Speaker 03

  You had a mini stroke.

• 20:23Speaker 02

  I don't, Google says as long as you're not suffering any major... Buddy, what was the feeling that you had for...

• 20:32Speaker 00

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• 21:00Speaker 02

  So basically, I lost or started to lose feeling in my, my right leg. It was like looking droopy. It's like I sent Jane a picture of that. Your leg was looking droopy? Yeah, I was just sitting down and my, my right leg was just like sagging. Like this is really odd. I just sent Jane a picture, like, hey, in case I die, you know, here's, here's this. And I stood up and immediately I couldn't feel any or move any of my right side. And then I... That's terrifying. Yeah.

• 21:31Speaker 03

  And he was so pale. Tom came in and he was like, uh...

• 21:36Speaker 02

  I'm sure your blood pressure just went...

• 21:38Speaker 03

  He was just so pale. It was so scary. It was like so scary.

• 21:43Speaker 02

  And my, the left side of my face was drooping. So what did they do to get you back to normal?

• 21:48Speaker 03

  They did a bunch of testing.

• 21:49Speaker 02

  So the whole thing only lasts about 20 minutes or so. It's not like a full blown stroke where you have to like do... So now you're just in prevention mode, making sure you stay healthy and it hasn't happened? And I still, like, I went to physical therapy for a little bit to fix my leg and I still needed to do... Has it worked? It still has a bit of balance problems and things like that. And there was, I guess, I guess a little bit of like damage to the language center of my brain for like about a week. Really? You're yapping uncontrollably. Yeah, for, for a week. That's why they didn't think it was that big of a deal because like, like... He might need to have another one again so he can shut up.

• 22:22Speaker 03

  I was, no, it was, it was really, it was really, really scary.

• 22:25Caleb Hammer?

  I know, I'm sorry.

• 22:26Speaker 03

  It was really, really, really scary.

• 22:27Caleb Hammer?

  And I, I'm glad you've gotten your diet under control and that you're taking it seriously. Are you taking it seriously?

• 22:31Speaker 02

  Yes.

• 22:31Caleb Hammer?

  Is he taking it seriously?

• 22:33Speaker 02

  That, that was the wake up call I needed and that's when I decided I need to leave my, uh, higher paying but much stressful job.

• 22:39Caleb Hammer?

  Wait, how much were you making at that time?

• 22:43Speaker 02

  I don't know.

• 22:43Speaker 03

  Two ten.

• 22:44Speaker 02

  My, my base salary was two ten and there was like bonuses and, and stock and stuff like that. Like I, on paper, I was a millionaire, sure, but that doesn't mean anything.

• 22:51Speaker 03

  On paper, we were not a millionaire if all of the things were on the paper.

• 22:55Speaker 02

  Or if I was dead, right? Like.

• 22:57Caleb Hammer?

  Like your life insurance?

• 22:58Speaker 02

  I, we do have life insurance, yes, but I, I wouldn't get to enjoy that if I was dead, so.

• 23:05Caleb Hammer?

  Guys, what the is going on? What is happening today?

• 23:07Speaker 02

  You can tell me because I don't really understand.

• 23:09Caleb Hammer?

  Just from your own standpoint, I'm just so confused. Money's coming in, where is it going?

• 23:14Speaker 02

  Out.

• 23:16Speaker 03

  Okay, so I, uh, I spend probably too much, uh, on all sorts of random crap that doesn't even matter. I spend too much on, uh, toys for the kids. I spend too much on groceries. I spend, uh, too much on eating out, um, uh.

• 23:36Caleb Hammer?

  Where's the control then? You're acknowledging all this, where's the control? Where's the fix?

• 23:40Speaker 03

  It's not there.

• 23:41Caleb Hammer?

  Obviously, but where's you trying to do anything? You're acknowledging, where's the little big girl attitude thirty-three?

• 23:49Speaker 03

  I just.

• 23:52Caleb Hammer?

  And so it's better that you get your little special girly fund? It's better that you get little mommy fund?

• 23:58Speaker 02

  I mean, in the short term, sure, yeah.

• 24:00Speaker 03

  I do like having the autonomy.

• 24:02Caleb Hammer?

  So that's great. Autonomy, how's that working? I don't think it's working very well. Maybe we should have oversight of our own money together and maybe, uh, try to get towards the goals we have together as a couple?

• 24:12Speaker 03

  Yeah, I mean, I don't know what our goals are.

• 24:14Caleb Hammer?

  Oh, good. Why? What are your, what are our goals? Go ahead, what are our goals, guys?

• 24:20Speaker 02

  My goal is to not work.

• 24:22Caleb Hammer?

  My goal, not our goal.

• 24:23Speaker 02

  No, my goal, so.

• 24:24Speaker 03

  Yeah.

• 24:24Caleb Hammer?

  It's a great relationship, healthy.

• 24:26Speaker 02

  If, if didn't exist, either through divorce or death or some other reason, I still want to achieve the goals that I have set up for myself.

• 24:34Caleb Hammer?

  Which are?

• 24:35Speaker 02

  To not work. That's the, literally the only goal. I do not want to.

• 24:39Caleb Hammer?

  Job with that. You could probably fire it, dude. No one's really doing fire anymore, but you could have fired with your income.

• 24:44Speaker 02

  Fired?

• 24:45Caleb Hammer?

  Yeah, financial independence retire early.

• 24:47Speaker 03

  Yeah.

• 24:47Caleb Hammer?

  But instead, you're just blowing it all on risks.

• 24:50Speaker 02

  Uh, yeah, yeah. I'm also a gambling man, so that's kind of why I do that.

• 24:55Caleb Hammer?

  Yeah, that's what we want in our fathers.

• 24:58Speaker 02

  But if they win, like, uh, in, when was that?

• 25:02Caleb Hammer?

  If they win.

• 25:03Speaker 02

  Totally heard about the GameStop.

• 25:05Caleb Hammer?

  Yeah.

• 25:06Speaker 02

  Yeah, so, uh.

• 25:07Speaker 03

  That was really dumb.

• 25:08Speaker 02

  Yeah, so, you know, everyone was on Reddit was talking about it. It's like, okay, this is sure guaranteed.

• 25:13Speaker 03

  Okay, I told you about it.

• 25:14Speaker 02

  Yeah, she, she knew about it and she wanted to invest money in it. I was like, GameStop? You know, the company that sells physical media?

• 25:21Speaker 03

  We did make money.

• 25:22Speaker 02

  Yeah, but I, I took out $20,000 from.

• 25:25Caleb Hammer?

  Took out? From what?

• 25:26Speaker 02

  From my, uh, one of my retirement.

• 25:29Caleb Hammer?

  You, why didn't you just buy it?

• 25:31Speaker 02

  Why didn't you just? Cause I didn't have, oh, I had some money, but not $20,000.

• 25:35Caleb Hammer?

  Yeah, no, no, no, no, no. But in your retirement fund, why didn't you just buy it in the retirement fund?

• 25:39Speaker 02

  Uh, I mean, that's what I'm, that's what I mean is that.

• 25:42Caleb Hammer?

  So you didn't take out of your retirement account to buy it in a brokerage or something?

• 25:46Speaker 03

  He took it out of the, uh, current things that it was invested in.

• 25:50Speaker 02

  S and P 500, whatever the target date, uh, was. So like, effectively taking it out and put it in this high risk investment. And the day we, uh, did that, the market opened and, uh, Robin Hood turned off the buy button. Uh, so everything went down to virtually zero. But we held because we have diamond hands and, uh, eventually the stock bounced back. And, uh, we came out like a 10, 10K ahead. Uh, and in order to use that money, then we took out that, that profit, the, uh, like was like 8K after, uh,

• 26:24Speaker 03

  Yeah.

• 26:24Speaker 02

  withdrawal or withholding.

• 26:26Caleb Hammer?

  Even just starting out at $0, 20% of your income with an average 10% return, you'd be retiring to $7.2 million at 62.

• 26:34Speaker 02

  Sixty.

• 26:35Caleb Hammer?

  Oh no, that's horrible. Ooh.

• 26:36Speaker 02

  Too old.

• 26:37Caleb Hammer?

  Well, how much you need to retire? Cause that's seven by then. You'd have millions before then.

• 26:42Speaker 02

  I guess I haven't done the math to see how much money I need.

• 26:45Caleb Hammer?

  What do you want to have in terms of income on a yearly damn basis?

• 26:49Speaker 02

  Enough to live.

• 26:50Caleb Hammer?

  No, you tell me how much that is.

• 26:52Speaker 02

  I don't know how much that is. That's why.

• 26:54Caleb Hammer?

  So what is the point of any? Anything you have done to retire early if you don't even know what the number is.

• 26:59Speaker 02

  Because if I.

• 26:59Caleb Hammer?

  That's dumb.

• 27:01Speaker 03

  What is it? Four percent out of whatever is invested is what you need to live on? So.

• 27:06Caleb Hammer?

  Well, no, no, no, that's not what you need to live on. I'm trying to get you that number and then the number needs to be four percent. But why is that number? A hundred thousand dollars a year?

• 27:13Speaker 02

  Ten million. All right.

• 27:14Caleb Hammer?

  No, no, no, no, no. A year? A hundred thousand dollars a year?

• 27:16Speaker 03

  Uh, uh, two hundred thousand dollars a year.

• 27:19Speaker 02

  Yeah, yeah.

• 27:20Caleb Hammer?

  You need two hundred thousand dollars a year?

• 27:22Speaker 03

  No, but, but apparently we like living cushy lives and I like living cushy.

• 27:26Caleb Hammer?

  No, you're living beyond cushy. You're not living cushy. You're not living with your means. You don't know what cushy is.

• 27:31Speaker 03

  I do know what cushy is because I've overspent into cushy.

• 27:46Caleb Hammer?

  Okay, so just figuring it out. Okay, so you would need to withdraw four percent on a yearly basis and I'm just assuming. I'm just in my brokerage, mu mu.

• 27:59Caleb Hammer?

  My is an S and P five hundred. You need five million dollars. And when did you start making two hundred thousand dollars-ish? Let's just call, let's go to two thousand.

• 28:07Speaker 02

  It's like growing linearly.

• 28:08Caleb Hammer?

  Two hundred twenty thousand was the first year you did that.

• 28:11Speaker 02

  Last year. But it goes up at like ten, twenty K a year or so.

• 28:16Caleb Hammer?

  Yeah, it'll plateau in your probably like fifties.

• 28:20Speaker 02

  I mean, it's kind of already plateaued because I don't want to do the jobs that make you have more money because they make you do stuff and.

• 28:26Caleb Hammer?

  And you married this happily?

• 28:28Speaker 03

  Yeah.

• 28:30Caleb Hammer?

  Twenty six to twenty six to twenty seven years, but that's at twenty percent. You could have probably invested about fifty percent of your money. To get to this lifestyle, if you really wanted to.

• 28:40Speaker 02

  Yeah, but what happens if I.

• 28:41Caleb Hammer?

  For a second, a hundred times, then it doesn't matter.

• 28:46Caleb Hammer?

  You won't know that you sacrificed because you're dead.

• 28:48Speaker 02

  If I have a terminal illness.

• 28:50Caleb Hammer?

  Because you're a rotting corpse.

• 28:51Speaker 02

  I know that I would have. Been able to enjoy it more.

• 28:54Caleb Hammer?

  Move to Canada then. I don't know.

• 28:56Speaker 03

  Okay.

• 28:57Speaker 02

  Uh, does that work? Why would that, why would that work?

• 29:00Speaker 03

  I, I like him. He should stay here.

• 29:02Caleb Hammer?

  No, guys, I just, so what's the point you're trying to make?

• 29:05Speaker 02

  I'm here for a good time, not a long time.

• 29:07Caleb Hammer?

  No, you said you want to retire as early as possible.

• 29:09Speaker 02

  I said I don't want to be working. So if that means I need to retire at forty six and find a way to solve the problem one way or the other, including Canada and suicide.

• 29:18Caleb Hammer?

  Would be.

• 29:19Speaker 02

  If, at age fifty, then I'm fine with it.

• 29:21Caleb Hammer?

  No, no, no. The problem would be in order to not work, you need enough money to sustain yourself. You could have been investing fifty percent of your income since last year and able to take it eighteen years or seventeen years from now. You could have been retired. Yeah.

• 29:32Speaker 02

  I could.

• 29:33Caleb Hammer?

  Yeah, what's on the other side?

• 29:34Speaker 02

  I could settle, I could.

• 29:35Caleb Hammer?

  Yeah, but that's happy. You could probably invest more if you really wanted to, live in the household median income of seventy five thousand. Here in Austin, you could probably retire in thirteen years.

• 29:45Caleb Hammer?

  That's just a little bit of sacrifice. Instead, you guys just want to live it up, live it up, live it up every second of your life. 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.

• 30:29Caleb Hammer?

  It should be chill. It should be easy to set up and easy to manage. 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 time right now,

• 31:13Caleb Hammer?

  you get access to our new budget-friendly cookbook with 55 money-saving recipes to eat well without overspending. And because I love you guys, and it's a new year, literally, anyone who signs up for the month of January gets all of this, including premium, for free for a month. 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. And now to your goal, you're further away than you've ever been because you're just further in debt and you have no real investments to speak of. You have a couple unicorns that you hope turn into something. That's not a strategy because the vast majority of those fail.

• 31:58Speaker 02

  Right, that's why I'm actively looking for more opportunities and basically.

• 32:02Caleb Hammer?

  Yeah, it's all just the regular stock market. I'm not going to give investing advice, but go through our investing class and learn how to define your investing profile, risk associated with it, and learn your investment portfolio based on that. You get it for free, so you take it. You guys get it off 15% off when you bundle it with all our other classes, but you guys get them for free. So why don't you do that?

• 32:25Caleb Hammer?

  I don't know. And then you said even something crazy like,

• 32:30Caleb Hammer?

  these documents, this is taking, take us forever. What did you say? You don't believe in an emergency fund? You're a father. Like, that's irresponsible.

• 32:39Speaker 03

  I disagree with his stance on this.

• 32:41Caleb Hammer?

  Well, good thing you're the breadwinner. Like, I don't know.

• 32:44Speaker 02

  I mean, that is part of the issue. So if I'm responsible for, you know, bringing in the income and managing the bills, then I feel like I have a little bit more liberty to take these higher risks.

• 32:56Caleb Hammer?

  But you shouldn't, though. Every money move that the household makes should be a collective from the two.

• 33:00Speaker 03

  I didn't know how much debt we were in until he told me how much.

• 33:04Caleb Hammer?

  When did he tell you?

• 33:05Speaker 03

  So.

• 33:06Caleb Hammer?

  Well, you had a hidden credit card, too, so.

• 33:07Speaker 03

  Well, it wasn't a hidden credit card. I.

• 33:10Caleb Hammer?

  It was a hidden debt. He knew the credit card existed, not the debt.

• 33:13Speaker 03

  Okay, maybe that's true.

• 33:14Caleb Hammer?

  When did you learn how much debt he had?

• 33:16Speaker 03

  So, uh, we were building a tiny house on our property. Because at the time that.

• 33:24Caleb Hammer?

  When?

• 33:25Speaker 03

  Okay. Uh.

• 33:27Speaker 02

  It started around 2021.

• 33:29Speaker 03

  Yeah. So you learned in 2021? No. When did you learn how much debt he has was the question? Okay.

• 33:37Speaker 02

  Well, that we have.

• 33:39Speaker 03

  That we have. But probably at the beginning of. Okay.

• 33:44Speaker 02

  Yeah, when it's convenient.

• 33:44Speaker 03

  Oh, progress, guys. Uh, probably at the beginning of this year. Um, I learned. Not 2025? Uh, sorry, 2024. Okay. Um, so at the beginning of, uh, 2024, I learned that he took out $60,000 in loans that I didn't know about. Where'd they go? Um, they went to, so we started a build, uh, for the tiny house that was supposed to be 140,000. That was cash flowing?

• 34:16Speaker 02

  So we had originally taken a cash out refinance.

• 34:20Speaker 03

  Yeah. I have that loan.

• 34:22Speaker 02

  This is, this is during the, uh, peak, uh, COVID housing pricing boom.

• 34:26Speaker 03

  So we got 166,000 dollars from that and then we signed on to a contract to do, uh, a tiny house build that was 140,000.

• 34:36Speaker 02

  It's pretty cool.

• 34:37Speaker 03

  It is really cool. Um, and then, uh, they, uh, increased the price to 174,000. The builders? The builders. Okay. And we almost didn't do it. We really shouldn't have done it, but then we decided to go ahead. Is it making money? Uh. Do you have two homes?

• 34:56Speaker 02

  It's my office.

• 34:56Speaker 03

  He works for me.

• 34:57Speaker 02

  And guest house.

• 34:58Speaker 03

  What a fucking joke. What a joke.

• 35:01Speaker 02

  Now, hear me out. Uh, so I'm having a really hard time keeping down a job, like the job that I had before this, I was only there for, for six months. Just the, the stress gets to me and being.

• 35:14Speaker 03

  And what are you gonna do?

• 35:16Caleb Hammer?

  Ever for the rest of your life.

• 35:18Speaker 02

  That's the problem I'm trying to solve.

• 35:20Caleb Hammer?

  Disability? What?

• 35:21Speaker 02

  Uh, well, these lottery tickets, like if any of these.

• 35:24Caleb Hammer?

  You mean the companies, stop calling them lottery tickets. They're still stupid investments for your position.

• 35:28Speaker 02

  If any of the companies I either invested in or start print, then that's the solution. I don't have to work.

• 35:36Speaker 03

  Yeah, but he works way too hard.

• 35:38Caleb Hammer?

  You know, when people do these little angel investments and startup businesses in the way you're doing, they do it 200 times to hopefully get one. You've done it two businesses and then one you have.

• 35:51Speaker 02

  Right. And then.

• 35:52Caleb Hammer?

  Your odds are not looking good.

• 35:54Speaker 02

  Right. So I'm just going to keep going until that number reaches.

• 35:56Caleb Hammer?

  Yeah, you're already a decade and a half into adulthood. So really.

• 36:02Speaker 02

  Right. So I am.

• 36:03Caleb Hammer?

  Keep going. We're only three in.

• 36:04Speaker 02

  I am 32 and I have given myself about eight years or so after, after 40, it's kind of hard to, um, you know, get money because of ageism and.

• 36:13Caleb Hammer?

  Sure. But the median startup age in the United States is 45.

• 36:18Speaker 02

  Not the like unicorn technical startup that I'm trying to either start or be a part of.

• 36:25Caleb Hammer?

  Yeah. Why have a successful business that doesn't get to a billion dollars, but still supports our household and gives us the freedom we crave? That'd be a horrible thing.

• 36:33Speaker 02

  Yeah, right. Which is why we're here.

• 36:35Caleb Hammer?

  You're a child. I don't know how you guys are going to make it through anything, guys. I really don't. We haven't touched the numbers, but you're still, you're talking about allowance. I believe in your emergency fund. Haven't been able to even hear your defense of that one yet. And don't believe.

• 36:46Speaker 02

  Do you want to hear?

• 36:48Caleb Hammer?

  Sure.

• 36:50Speaker 02

  As far as I understand.

• 36:51Caleb Hammer?

  Are you coming on here to just like mentally jerk off thinking you're like, you are intelligent in many ways.

• 36:58Speaker 02

  I'm here because I'm wrong. I'm here because.

• 37:00Caleb Hammer?

  Then why are you defending shit?

• 37:03Speaker 02

  To give you context as to why I, I believe this. And maybe you can help me correct my thinking. So. As far as I understand.

• 37:09Caleb Hammer?

  Here, I'll correct it right now before you explain it. It hasn't worked so far, a decade and a half. So, you do something different.

• 37:16Speaker 02

  Right, but I don't know what that different thing is. So, I'll tell you how I've been operating now. So, an emergency fund, as far as I understand, is maybe six months of what it takes to, you know, run your household. Our household right now, even when we are telling ourselves we're cutting back and things like that, is more than we're bringing in.

• 37:37Caleb Hammer?

  It's because you don't budget. So, I would need to. You refuse budgets as well.

• 37:40Speaker 02

  So, I would need to have an emergency fund that is over a hundred thousand dollars just sitting there, doing nothing.

• 37:47Caleb Hammer?

  No, it's cutting to the bare minimums. You're not doing the bare minimums. You already defined it correctly. What, are you stupid? Are you not listening to your own definition?

• 37:56Speaker 02

  Can you tell me what the bare minimum is? Because.

• 37:58Caleb Hammer?

  What it costs for you guys to live without giving up life?

• 38:01Speaker 02

  I mean, apparently, that's what we're thinking.

• 38:03Caleb Hammer?

  No, you're not. Your luxury spend.

• 38:04Speaker 02

  Let's go through it. Go through it. Tell me, tell me what's stupid. Because I'm thinking I'm living a life that I think.

• 38:11Caleb Hammer?

  Sure, a thousand two hundred twelve dollars on going out to eat. That's stupid. Don't need that to survive.

• 38:17Speaker 02

  How much would that be if we ate inside? Like, realistically?

• 38:21Caleb Hammer?

  Uh, two, two parents, two kids, ages five and, well, so, one's still on titty?

• 38:28Speaker 03

  No.

• 38:28Caleb Hammer?

  No, he's not titty?

• 38:29Speaker 03

  Titty's done.

• 38:31Caleb Hammer?

  I don't know when titty normally ends. I've never had one.

• 38:33Speaker 03

  Titty can go on for longer than this, but titty was done at one.

• 38:39Speaker 02

  Because remember, this is on top of.

• 38:39Caleb Hammer?

  Shut for a second. I'm doing a little thing. Exactly. That's fifteen on top of you spending a thousand. You spent a thousand thirty-four on groceries and a thousand two hundred eighty. Now, I could have done a thousand on groceries and you would have been fine.

• 38:52Speaker 02

  A thousand.

• 38:53Speaker 03

  Okay, what were those numbers again?

• 38:56Caleb Hammer?

  What, huh?

• 38:57Speaker 03

  What were those numbers again? Can you say the numbers again?

• 38:59Caleb Hammer?

  A thousand thirty-four on grocery stores and then a thousand two hundred twelve going out to eat.

• 39:06Speaker 02

  Oh, you, so you're saying with a thousand dollars, we should be able to cover all our food?

• 39:10Caleb Hammer?

  Groceries easily. It's not even, not even an issue.

• 39:12Speaker 03

  He doesn't cook at all.

• 39:14Caleb Hammer?

  Great, uh, do it.

• 39:16Speaker 02

  That work in Canton.

• 39:18Caleb Hammer?

  How many hours a week are you working?

• 39:19Speaker 02

  Uh, anytime I'm not, uh, actively watching.

• 39:23Speaker 03

  Too many hours a week.

• 39:23Speaker 02

  Twenty-four seven.

• 39:24Caleb Hammer?

  Fun fact, usually when mothers stay at home, they're usually able to prepare meals.

• 39:28Speaker 03

  I, I.

• 39:28Caleb Hammer?

  Trad it up if you want to. I don't care.

• 39:30Speaker 03

  I am able to prepare meals. I do prepare meals.

• 39:33Caleb Hammer?

  Wonderful. We solved the issue.

• 39:34Speaker 03

  But sometimes I'm going out and, uh, like, like if I'm going to doctor's appointments or something.

• 39:40Caleb Hammer?

  Are you pretending generations of people have not done this?

• 39:43Speaker 03

  Generations of people had multi-generation households. We don't have.

• 39:47Caleb Hammer?

  In the United States of America, though, at least in the, at least in the 20th and 21st century, has been more traditionally like this. If you're going back to an 18th, sure. And you're right, other cultures do have multi-generational households, but in the United States, they're traditional. Since at least in the 20th and 21st century, is more traditional like this.

• 40:05Speaker 03

  I mean, I think I.

• 40:06Caleb Hammer?

  So you're dismissing them? At least three generations of people?

• 40:10Speaker 03

  No, I just, I think that we, we need some amount of relief for me cooking, uh, every single meal.

• 40:19Caleb Hammer?

  I'll give you relief. Meal prep!

• 40:22Speaker 03

  I, I do meal prep.

• 40:25Caleb Hammer?

  We figured it out. You cook only a few times a week and then you're warming up the rest of the time.

• 40:29Speaker 03

  So, is some of, is some of those, uh, eating out meals are actually.

• 40:34Caleb Hammer?

  You know what you're doing? Do you know what you're doing right now? You're doing the defeatist, the it will never work mentality. And you're right. This will never work if you have that mentality. If you give up and it's not possible, it is literally not possible. People who want to do it, do it. Who have more kids than you and both work.

• 40:54Speaker 02

  With the lower standards of living, sure. Like.

• 40:56Caleb Hammer?

  Lower your standard of living, you entitled.

• 40:59Speaker 02

  No, I.

• 41:02Speaker 00

  Born in Texas, made in America, that's Valero. Keeping America moving, rain or shine, day or night, 365 days a year. Giving back to our communities and helping businesses thrive. We're proud to fuel the people who keep this country moving. So whether you're exploring new roads or heading down ones you know, we're here, fueling drives coast to coast. Proudly American, proudly getting you where you need to be. Right now, Valero.

• 41:30Speaker 02

  Not do that.

• 41:30Caleb Hammer?

  Great. So go ahead and have it so that you have. So go ahead and do it so that you guys are never able to retire and your kids put their lives on hold to take care of their irresponsible.

• 41:40Speaker 02

  Like everyone else.

• 41:41Caleb Hammer?

  Just like everyone else.

• 41:42Speaker 02

  Just like everyone else.

• 41:43Caleb Hammer?

  And stupid. What are you talking about? My parents are going to be able to retire because they sacrificed eventually, once they figured out financial literacy. So I'm not going to have to put my life on hold to deal with them, but because you guys are babies. When your kids are trying to navigate their early adulthood, they're going to have to put their life on hold because their parents decided to not grow up past the age of five.

• 42:04Speaker 02

  That, that I think is acceptable to me. And the reason is.

• 42:07Caleb Hammer?

  Really? They didn't consent to come in this world, but you guys chose to bring them in and that's fair to put that burden on them? You. What entitlement do you have? Disgusting.

• 42:16Speaker 02

  So I am a.

• 42:17Caleb Hammer?

  Disgusting.

• 42:18Speaker 02

  I am a first generation American. My.

• 42:20Caleb Hammer?

  Congratulations. Welcome to the red, white and blue.

• 42:22Speaker 02

  My parents came to the United States from a country where there was no opportunity. Food insecurity was a thing.

• 42:29Caleb Hammer?

  Cool.

• 42:30Speaker 02

  Even during my, my home, when I was growing up, food insecurity was a thing. My child eats food, has access to food. That's immediately better. And if it means that.

• 42:39Caleb Hammer?

  You thought when I said lower your standard of living, I said, let them starve. What the fuck are you talking about? Why are you trying to take it to an extreme? You're living off of basically 300,000 hours a year earning 200. I'm saying live off of 100.

• 42:51Speaker 02

  Supporting effectively a nepo baby lifestyle of like that had me paying for their college. I do not believe in.

• 42:57Caleb Hammer?

  I said, you guys are retiring and is you paying for their college? You are literally conflating things in the most stupid way possible.

• 43:04Speaker 02

  You were saying that, I forgot what you're saying.

• 43:06Caleb Hammer?

  You can choose to pay for their college or not. I don't give a, that's up to you. I'm saying.

• 43:10Speaker 02

  You were referring to.

• 43:12Caleb Hammer?

  Retirement? When I said retirement? Yeah.

• 43:14Speaker 02

  Having the children, you know, sponsor our, our living.

• 43:17Caleb Hammer?

  Yes. Cause they're not going to let you die under a bridge. What the did you think I'm talking about?

• 43:21Speaker 02

  They might. It's my job to make sure that I raise them. Zero through 18 to convince them that, that I'm a good investment.

• 43:29Caleb Hammer?

  Good investment. Fuck you. They, they're your investment, you piece of shit. You, they did not have a choice to come to this world. You brought them in by your choice. IVF and everything. So it is not fair to them that you guys decide you want to live the high life and take risk and live off a lottery tickets your entire life. And then when they are actually trying to get ahead in life, when it is their time, mom and dad keep coming in begging for money because they have no choice because dad's been bound to the bed after five strokes. And then mom hasn't built a resume her entire life, so can't get a job. You know how I call out impulse spending on the show all the time? Let's be honest, most of those aren't about needing

• 44:13Caleb Hammer?

  that random Amazon gadget or drive through meal. They're emotional spending, stress, burnout, boredom. It all shows up in your bank account. I've seen over and over again, the root of the problems can be mental health. That's where today's sponsor, Sondar Mind comes in. Sondar Mind connects you with a licensed therapist and psychiatrist to help you break the cycle. Whether you're feeling overwhelmed, stuck, or just not yourself, they've got you covered. You can choose your therapist from the directory and meet in person or online. Plus, their app is packed with self-care tools to keep you grounded between sessions. And the best part, Sondar Mind works with most major insurance companies, so you're not racking up more debt to take care of your mental health. With coverage in 48 states and Washington DC, help is actually accessible.

• 44:57Caleb Hammer?

  Stop letting stress control your spending and your life. Go to pages.sondermind.com/khaleb or click the link below to get started. That's pages.sondermind.com/khaleb. Better mental health means smarter financial decisions. So let's make this the year to change from the inside out.

• 45:14Speaker 02

  I mean, that's a risk. That's a risk. Sure.

• 45:16Caleb Hammer?

  It's not just a risk. It's not just a risk. It's a reality that hundreds of thousands, if not millions of people are living in this country.

• 45:23Speaker 03

  We're living that reality.

• 45:25Caleb Hammer?

  Exactly. So you're going to repeat the cycle of misery? That's great. That's responsible. That's healthy. That's mature. That's what we want. When something bad happens from our childhood, oh, my, my kids should have to deal with the same bull I dealt with. I went up to school both ways.

• 45:44Caleb Hammer?

  Yes, that's cute, guys. Yeah, yeah. Well done.

• 45:48Caleb Hammer?

  Exemplary parents, every- We haven't even started going- I know, cuz you guys are a [bleep] joke, honestly. That was embarrassing and you should be disgusted in yourselves.

• 45:57Speaker 03

  Probably.

• 45:59Caleb Hammer?

  Let's see if you can fix this. No, I can't fix that. I'm gonna go through the numbers, but that is just your- That's not, that's your worldview and I can't fix that.

• 46:09Speaker 03

  Okay-

• 46:09Caleb Hammer?

  I don't think that world is broken.

• 46:10Speaker 03

  I don't even totally agree with him. And I think that this is one of the bigger problems is I have a more conventional understanding of how budgeting should work. Uh, and I have a more-

• 46:19Caleb Hammer?

  Then you guys aren't gonna last. If you're completely polar opposites.

• 46:25Speaker 03

  Uh, I don't think we are completely polar opposites. I think that he has, has different opinions than me and, uh, he- I have let him so far steer the ship with the money and I don't think that I should- We should do that anymore.

• 46:41Caleb Hammer?

  Uh, yeah, cuz that ship is crashing into an iceberg every day. That's why we're here, that's why we're here. That's why you're here. But then you [bleep] fight on everything.

• 46:51Caleb Hammer?

  Guys, I'm not even gonna ask them their score cuz I'm gonna be dumb. If you want your Hammer Finance score, it's free. Link in the description below and if you wanna come on this show, oh, apply at CalebHammer.com/apply.

• 47:04Speaker 03

  You're not gonna ask us our score?

• 47:06Caleb Hammer?

  You, I, I am gonna ask one thing though, just cuz people have just like, wondered and just always asked, you know, they always bring up things cuz they don't know the internal process. You're coming on the show. You're getting yelled at. I'm yelling at you and giving my truthful opinion, giving some jabs. Through the onboarding process for those considering who, applying, were you guys informed of everything that was going to happen? Oh, very much so. And you consented to it? Yeah. Multiple conversations and onboarding videos, okay. And you could increase it if you want to. I can take it. And you know the thumbnail's gonna be not the most fun, uh, or it's gonna be a little juicy, I guess, I don't know. I think, I think we need a kick in the pants. And then another big one, are you guys actors or are you people from the audience who just applied to come on?

• 47:51Speaker 03

  Uh, I hadn't even really fully seen the show until he applied and then, uh, I started to see the show later.

• 47:58Speaker 02

  Yeah, the reason we decided, or I decided to apply was because I promised that I would seek a financial something. So you are a financial something.

• 48:11Speaker 03

  I mean, there was a big fight about we need to fix this. There was a huge fight about we need to fix this.

• 48:18Caleb Hammer?

  When was the fight, guys? Can you tell me how the fight went? How did it start? And then how did it go? And when was it? Sorry, a lot of questions.

• 48:27Speaker 02

  Maybe about four months ago, maybe five months ago. Basically, I was noticing that the credit card balance, one of the credit card balances, wasn't going down. And that's when the vibes were off.

• 48:41Caleb Hammer?

  And who managed that card?

• 48:43Speaker 03

  So I spent money on it mostly and he.

• 48:46Caleb Hammer?

  Was this the one that you didn't know the debt was there?

• 48:48Speaker 03

  No.

• 48:48Speaker 02

  No, this is the shared card.

• 48:50Caleb Hammer?

  Okay, okay, okay, go on.

• 48:52Speaker 02

  Basically, it's like, hey, I'm noticing a problem and, you know, running numbers and with me taking a lower paying job to be a little bit more stress free, we can't do it. Like, there's mathing, mathing. We need some help.

• 49:04Speaker 03

  I say, I keep saying, well, we need to create a budget. And he says, you can create a budget by yourself. I don't do budget.

• 49:10Caleb Hammer?

  Guy, what are you?

• 49:12Speaker 03

  And then I, like, I.

• 49:16Caleb Hammer?

  You have the chance for a generational change that is unheard of, and you're throwing it away.

• 49:21Speaker 02

  Sure, but I'm not going to feel bad if I single-handedly don't fix the system.

• 49:25Caleb Hammer?

  I can try my best.

• 49:27Speaker 02

  The system.

• 49:27Caleb Hammer?

  Buddy, you have the most blessed position in the system.

• 49:30Speaker 02

  Sure, but others don't. So a good chunk of my money also goes to helping people who need help. Like, for example, the software agency I started in 2023.

• 49:38Caleb Hammer?

  I don't see those. Where are those payments?

• 49:40Speaker 02

  Because that was in 2023. But that's where a lot of the.

• 49:43Caleb Hammer?

  So I think you don't know what the word help means. I think you're referring to helped.

• 49:48Speaker 02

  No, still helping, still helping. So for example, I give out loans to my family who don't make.

• 49:54Caleb Hammer?

  Helping is making them pay you back. Okay.

• 49:56Speaker 02

  They, they do pay me back, but I'm not going to, you know, break windows.

• 50:00Caleb Hammer?

  No, but I would just gift it and also make sure you're not enabling bad behavior. That's a completely different conversation, but go ahead.

• 50:05Speaker 02

  I don't think I have the money to gift.

• 50:08Caleb Hammer?

  You don't have the money to loan.

• 50:09Speaker 02

  I do, I do.

• 50:11Speaker 02

  Oh my

• 50:12Caleb Hammer?

  Okay, American Express personal loan. You guys, I just, I just, I don't think I'm ever able to have a conversation with you. I can, how many fights are there often?

• 50:21Speaker 03

  No, I would

• 50:23Caleb Hammer?

  Really? Cause I couldn't talk to this dude for more than five seconds.

• 50:26Speaker 03

  I'm good at talking to him usually.

• 50:29Caleb Hammer?

  Oh, is that just by sitting and not saying a word?

• 50:31Speaker 02

  She needs to stay composed during the work on camera.

• 50:36Speaker 03

  I'm just, I'm normally spicier.

• 50:38Caleb Hammer?

  Saying, what are you calling your wife hysterical?

• 50:40Speaker 03

  A little.

• 50:41Speaker 02

  I don't know the exact definition of that word, but I don't think I'd use that word.

• 50:46Speaker 02

  Overly emotional, maybe I'd use those words.

• 50:49Caleb Hammer?

  Why are you hiding it now?

• 50:51Speaker 03

  I'm not hiding it. I'm, I'm being myself. He just sees me as being really emotional. I don't think that I am really emotional. I think that I am emotional and he is not emotional.

• 51:01Speaker 02

  Sure. That, that may be true. That I, there was just a gap.

• 51:03Caleb Hammer?

  Isn't it good to have a good balance? Isn't it okay to have emotions, especially when spouses and children are involved?

• 51:09Speaker 03

  Yes.

• 51:09Caleb Hammer?

  Something wrong with having a little emotions? I'm not saying emotions to drive every decision making thing.

• 51:14Speaker 03

  I think that that's, that's maybe a core injury of his is that he has

• 51:20Caleb Hammer?

  Yeah, it's a little serial killer-y.

• 51:22Speaker 03

  No, it's, it's a, he has steeled himself against high levels of emotion over time.

• 51:31Caleb Hammer?

  Why?

• 51:31Speaker 02

  If I knew that, I don't think we'd be having this conversation, man.

• 51:35Caleb Hammer?

  Okay. Do you go to a therapist?

• 51:36Speaker 02

  I do, yeah, once a week.

• 51:37Speaker 03

  Both of us go to therapy. Both of us have a history of, um, complicated, uh, our families.

• 51:46Caleb Hammer?

  Everyone does.

• 51:47Speaker 03

  Yeah.

• 51:47Caleb Hammer?

  I'm just, that's like, welcome to life, right? Okay. American Express personal loans.

• 51:54Caleb Hammer?

  Okay, twenty-four thousand, three hundred and thirty-eight dollars and ninety cents. Wait, whoa, whoa, whoa. Oh, interest. Yeah, a hundred and sixty-five dollars of interest. And then you made the minimum payment. Minimum payment is six hundred and eight dollars and fifteen cents. Substantial. You're, I'm so glad you have your income because that would be insane. It is insane, but it would be horrific.

• 52:12Speaker 02

  Yeah. I mean, I only took it out because I knew that we could

• 52:14Caleb Hammer?

  Yes. What did you take this out for and when?

• 52:17Speaker 02

  To cover the, uh, increased price from the, um, ADUs.

• 52:20Speaker 03

  Yeah, that was

• 52:21Caleb Hammer?

  Oh, this was, this was for the Mini house?

• 52:25Speaker 02

  Uh, either that one.

• 52:26Caleb Hammer?

  The little micro dick house?

• 52:27Speaker 02

  One of the other.

• 52:28Speaker 03

  It's 550 square feet.

• 52:30Caleb Hammer?

  So is it even like a mini house?

• 52:32Speaker 03

  I know, I mean.

• 52:33Speaker 02

  Has a bedroom, shower.

• 52:34Speaker 03

  It's a bedroom and it's a.

• 52:35Caleb Hammer?

  Being used for an office.

• 52:37Speaker 03

  One bedroom, one bathroom. Uh, and we were, uh, so we applied to have it be an AS. Um, because we were waiting for zoning laws to change and then we were going to get a kitchen in there. But then, and they quoted us out what a kitchen would cost, but then they ended up charging us 30% over.

• 52:53Caleb Hammer?

  Well, you said you did it during COVID. When you did it during COVID, you got good interest rates, but we also had supply chains. So like that went up.

• 53:00Speaker 02

  Yeah.

• 53:01Speaker 03

  Well, we didn't, we didn't start building.

• 53:03Caleb Hammer?

  What's the interest rate on this?

• 53:05Speaker 02

  Uh, 13 maybe. I don't know.

• 53:09Caleb Hammer?

  So even if you were in the S and P 540, it doesn't even matter. Yes, these last two years, but if we're averaging out over the, you know, forever, it's 10%, 10%, which is great, by the way, and not slow.

• 53:22Speaker 03

  I mean, I want to do better. I want to do better. And we had a big fight about, uh, budgeting and stuff. And I was like, I want to figure out why I'm making these choices. Why I.

• 53:34Caleb Hammer?

  Not able to self reflect at all?

• 53:36Speaker 03

  I, I am able to self reflect and, and I think that, that part of that is even being able to see the problem in the first place. I, I, I've had a, I think until very recently, there was this denial of there even being a problem at all. It was, I would come up to him and talk to him about money and he would say, I outearn our stupidity. And then eventually that became not true.

• 54:04Caleb Hammer?

  True, but go.

• 54:04Speaker 02

  Well, that was true. And then it stopped being true.

• 54:07Speaker 03

  Yeah, it was.

• 54:08Speaker 02

  Paying job and, uh.

• 54:10Speaker 03

  Well, I think specifically the ADU or the, the tiny house and the, uh.

• 54:18Speaker 03

  New like the company really tanked what we had built at one point and we did have something built. We did. We did have something built. He works extremely hard.

• 54:33Speaker 02

  Right. So this is, this is a new occurrence, like in the past couple of years before then, you know, before COVID, uh, you know, we were spent a decade together. Uh, when, when there was one year, we went to Europe twice and like, that was amazing.

• 54:46Speaker 03

  You didn't afford that then?

• 54:47Speaker 02

  Disney World. Yeah.

• 54:48Caleb Hammer?

  Well, not if you didn't have a fully funded emergency fund or set up for retirement.

• 54:53Speaker 03

  We did have.

• 54:53Caleb Hammer?

  And were you on track for retirement goals?

• 54:55Speaker 02

  Yes. I had about a hundred and fifty, I think.

• 54:58Speaker 03

  And then we worked through it.

• 54:59Speaker 02

  In retirement.

• 55:00Caleb Hammer?

  Wait, so you've pulled from retirement?

• 55:02Speaker 03

  Yes.

• 55:02Speaker 02

  That's what the hundred grand was.

• 55:05Speaker 03

  But, okay, so, I, I mean, this is what the fights are about is.

• 55:11Caleb Hammer?

  How often?

• 55:13Speaker 03

  Um, it usually.

• 55:15Speaker 02

  Once a month?

• 55:16Speaker 03

  Yeah.

• 55:16Caleb Hammer?

  That's a lot. Jake, how often do you fight your fiance? Is that a lot? I hear that's a lot. I'm being told that's a lot.

• 55:24Speaker 02

  But we've been getting together since twenty thirteen. So, uh, I think that's a lot more.

• 55:29Speaker 03

  We also have young children. We have young children and that adds to the stress and, and.

• 55:34Caleb Hammer?

  Let me know in the comments, well, how often do you guys fight? And can I watch next time? I asked them. No, you guys. I'm already watching you guys.

• 55:44Caleb Hammer?

  Okay, love sack.

• 55:45Speaker 03

  Okay, that was stupid.

• 55:47Caleb Hammer?

  Has there been anything that hasn't been so far? Six thousand, three hundred and thirty cents. What? What hasn't been stupid?

• 55:56Speaker 02

  All right, anyway, moving on. Uh, so the, uh, love sack, uh, was, um, a couch as well as a.

• 56:03Caleb Hammer?

  Six thousand, three, three dollar balance though.

• 56:05Speaker 02

  Beanbag thingy.

• 56:06Caleb Hammer?

  It's a beanbag, six thousand dollar beans?

• 56:09Speaker 02

  A one thousand dollar beanbag.

• 56:10Speaker 03

  We didn't have room.

• 56:11Caleb Hammer?

  Thousand dollar beans? Sacks of beans for a thousand dollars? Got a beans in these?

• 56:17Speaker 02

  You should get one. It's pretty cool.

• 56:20Caleb Hammer?

  What kind of beans?

• 56:21Speaker 03

  It's not even beans, it's foam.

• 56:23Speaker 02

  But it looks like a beanbag.

• 56:25Speaker 03

  It's nice, it's comfy, but we don't have room for it. It's really big.

• 56:28Caleb Hammer?

  So where is it?

• 56:29Speaker 03

  It's in the ADU.

• 56:30Speaker 02

  I, I do.

• 56:33Speaker 00

  Born in Texas, made in America, that's Valero. Keeping America moving, rain or shine, day or night, 365 days a year. Giving back to our communities and helping businesses thrive. We're proud to fuel the people who keep this country moving. So whether you're exploring new roads or heading down ones you know, we're here, fueling drives coast to coast. Proudly American, proudly getting you where you need to be. Right now, Valero.

• 57:01Speaker 03

  All right, it's a mid tiny house. It's not actually an A to U because there's no kitchen.

• 57:05Caleb Hammer?

  $96 minimum payment and then you got a couch 5,000 or 6,000? Because it was a 7,000 hour loan to start.

• 57:13Speaker 02

  It's a, yeah, one of those zero interest.

• 57:16Caleb Hammer?

  $6,000 couch?

• 57:17Speaker 03

  Yeah, well, I didn't realize when we bought.

• 57:20Caleb Hammer?

  What is wrong with Facebook Marketplace? So we put it over Westlake and get the most expensive furniture you can find for like $5. The rich people just want it gone.

• 57:30Speaker 03

  I agree. He wanted a new couch and I, I wanted a new couch too. Our old couch I got for.

• 57:35Caleb Hammer?

  Yeah, get a new used couch for the rich fucks.

• 57:38Speaker 03

  Our last.

• 57:39Caleb Hammer?

  Which you could be and you're not by choice.

• 57:41Speaker 03

  Our last couch I bought, it was $180 for both couches. And I went and found it on, on Facebook Marketplace and it was great. I loved it. He did not love it. He wanted a, a big boy couch. And so.

• 57:59Caleb Hammer?

  Is young kids the best time to have new furniture anyway?

• 58:03Speaker 02

  Well, so this one, you can take off the fabric and, and wash it, which is a good benefit.

• 58:08Speaker 03

  And the, and the, I mean, I think that, that better choices maybe could have been, been made there.

• 58:15Caleb Hammer?

  Oh, really? Are we sure? Okay.

• 58:22Caleb Hammer?

  Answers free till 2030. Lucky on that.

• 58:27Caleb Hammer?

  You just, the lifestyle, man. Again, the eighty thousand hour of the year, I think is the median household income in Austin. You guys could easily live off of a hundred and be better than them.

• 58:41Speaker 03

  I, I, I agree.

• 58:42Caleb Hammer?

  And you can invest so much and get to your goal of not having to work.

• 58:44Speaker 02

  If you can show me how I can raise a family of four with a hundred thousand dollars.

• 58:50Caleb Hammer?

  Yeah, should I go?

• 58:51Speaker 03

  And our debts.

• 58:52Speaker 02

  Have to restrict myself. Food is the biggest, biggest one, that not have to restrict myself with access to food.

• 58:58Caleb Hammer?

  Where, where? You don't think people eat? Are you, where are you? Okay, let me go introduce you to 2.5 million people in the metropolitan area of Austin. Who the fuck do you guys think you are? How do you think people live?

• 59:08Speaker 02

  So, a lot of people have assistance from the government. You know, food stamps, like my family is not my.

• 59:15Caleb Hammer?

  But you're not even close to that level. And I'm not suggesting to live down to that level. I'm saying live above the median, guys, and you'd still be saving a shit ton. You're not willing to live above the median? Call it a hundred twenty thousand dollars a year net. You're not willing to live there?

• 59:32Caleb Hammer?

  What a joke!

• 59:33Speaker 02

  If, if we can visualize what that looks like.

• 59:38Speaker 02

  No, my job right now is a pretty, uh, good job. If I do leave it, be for finding, uh, you know, some more money, but I love my job right now.

• 59:45Caleb Hammer?

  What is this? Brokers prefer thirty fucking thousand! Thirty fucking thousand!

• 59:51Speaker 02

  That's the credit card.

• 59:52Caleb Hammer?

  The!

• 59:53Speaker 02

  The, the.

• 59:54Speaker 03

  Yeah, my credit card.

• 59:55Speaker 02

  One of the.

• 59:56Caleb Hammer?

  Thirty thousand, eight hundred sixty dollars and fifty-four cents. Oh, with a minimum monthly payment of nine hundred twenty-two dollars. Uh, you know how to live on a hundred twenty thousand dollars a year? Not to have these minimum monthly payments that equate almost twelve, fifteen hundred dollars! Add it up fifteen hundred bucks! Fifteen hundred bucks in minimum monthly payments, we talked about. Three cards! Sixteen hundred bucks in minimum monthly payments. Yeah, you're right, you probably can't cut your lifestyle down when you've stacked your minimum monthly payments up to fucking disaster level.

• 1:00:28Speaker 03

  Well, I just don't know why we, we couldn't have this conversation. Earlier, I think that

• 1:00:32Caleb Hammer?

  You know why? Because you guys separate your money and refuse to budget. So you have no knowledge of your situation, making it incapable of having an accurate conversation. Because you live like children, because you're not a team. You don't have a conversation when you're not a team. You are two unequal parts living around in the same households. And sometimes you can make kids. That's what you guys are.

• 1:00:59Speaker 03

  Okay, we want, we want to try something different. Okay. We do, we want to try something

• 1:01:08Caleb Hammer?

  What?

• 1:01:09Speaker 02

  Well, I was hoping you'd tell us what.

• 1:01:11Caleb Hammer?

  Trying to your defensive.

• 1:01:14Speaker 03

  Okay. Oh, my God.

• 1:01:17Caleb Hammer?

  How, how do you exist with this?

• 1:01:19Speaker 03

  I mean, I want to know, uh, like where, uh, I'm making my dumbest choices. I want to know, um,

• 1:01:30Caleb Hammer?

  Seven thousand hour car couch to start.

• 1:01:32Speaker 03

  Yeah, okay.

• 1:01:33Caleb Hammer?

  We don't have money.

• 1:01:34Speaker 03

  I want to know what my, what my dumbest choices are. I want to know, uh, what some replacement choices should be. I want to know what our obligations are because I don't even fully know. Like, I didn't even get to see the finances fully. I was surprised.

• 1:01:51Caleb Hammer?

  Didn't you?

• 1:01:52Speaker 03

  Because he kept saying we, we earn like

• 1:01:55Caleb Hammer?

  Why would you hide it from her? Why do you think she's not allowed to know as her wife?

• 1:01:59Speaker 03

  I don't think that he was hiding it.

• 1:02:00Speaker 02

  Not hiding it. She's, we just don't look at it together.

• 1:02:04Speaker 03

  I think it's the same thing with my card.

• 1:02:06Caleb Hammer?

  All right. It's a new year, which means it's time to stop making excuses when it comes to cleaning up your finances. But let me guess, you've already got a list of tokyos to fix. Credit card debt, random subscriptions, eating out too much. I get it. But here's something you probably are not thinking about. Those old 401ks from your past jobs. You know, the ones you probably forgot existed. And you're not alone. Twenty-five percent of 401ks are lost or forgotten. That's retirement money just sitting there doing nothing for you. Rolling them over to an IRA could be a huge step in taking control of your financial future, but the process sounds like death. Just paperwork, endless phone calls, and lost checks in the mail. Absolutely not. That's where today's sponsor, Capitalize,

• 1:02:51Caleb Hammer?

  is here to help. Capitalize is a concierge service and a total game changer when it comes to getting the reins on retirement. They'll help you track down your old 401ks, even if you don't know where to start. Once they find them, they'll guide you through setting up or connecting an IRA, and they can even take care of the entire transfer process. Seriously, you don't have to do any of the annoying stuff. No faxing documents, no waiting on hold, and no dealing with lost checks. Here's why this matters. Getting those old 401ks rolled over gives you more control, better visibility, and makes your money work harder for you. Starting the year off by consolidating your retirement accounts is one of the smartest moves that you can do to get your finances on track. So stop

• 1:03:33Caleb Hammer?

  letting your money collect dust and take the first step toward financial freedom. Visit the link in the description below or go to hicapitalize.com/khaleb to get started today. That's hicapitalize.com/khaleb. Huge thanks to Capitalize for sponsoring this video. Now, let's get back into it. Well, I'm definitely gonna give my take on it. I'll give you a free session with the financial advisors I use over at Domain Money. You guys get a free session too for being a part of the audience. So, sit down with them. We'll hook you up with that. They're really good. Highly recommend it. Okay. No, I mean, look at this, guys. I mean, okay, plan fees for $5,204 of $51. You made a payment. Yeah, part of the minimum monthly

• 1:04:13Caleb Hammer?

  payment goes there. Then on this $21,000, you made a little bit of larger payment, but then you purchased or added $7,067 on this card. What the possible [bleep] guys?

• 1:04:26Speaker 02

  We just run our transactions on that card.

• 1:04:29Caleb Hammer?

  Why? What's wrong with debit in you guys' world? Because $357 of interest there.

• 1:04:35Speaker 02

  I need the layer of indirection in the cases of fraud, which does happen because of my level of income. It's just a common scam target. So, a couple of times, my credit card info has been skimmed, stolen.

• 1:04:44Caleb Hammer?

  Then why aren't you using a card that said at least 0% for now? Because you're putting this on something that has taken away $400.

• 1:04:50Speaker 02

  Do they make 0% credit cards?

• 1:04:53Caleb Hammer?

  You're on one.

• 1:04:56Speaker 02

  Zero percent credit card? What is that?

• 1:04:58Caleb Hammer?

  The last one we just talked about.

• 1:05:00Speaker 02

  Oh, that, so that was just one of those.

• 1:05:01Caleb Hammer?

  It's a store card, but yes, you can get cards that are zero percent for like a year or two years. I'm not even saying you should do that.

• 1:05:09Speaker 02

  Get zero percent. It's only, I can't put starbs.

• 1:05:11Caleb Hammer?

  Fine, what about secured credit cards?

• 1:05:13Speaker 02

  Uh, I'm not familiar.

• 1:05:15Caleb Hammer?

  What about a credit card? We could do even, let me compare this to one of our people, Fiz Cards. It only allows you to spend what's in your debit account. So you, or your checking account, so you can't overspend on it. But it's still a credit card. It's still a credit card in a way of the benefits and protections and, uh, and benefits.

• 1:05:34Speaker 02

  So if someone, someone steals the card and spends $5 at Starbucks.

• 1:05:38Caleb Hammer?

  You can challenge it. Technically, you can.

• 1:05:40Speaker 02

  Does it come out of the account so I can still pay my mortgage? Cause there has been a problem where there's.

• 1:05:45Caleb Hammer?

  You pay a mortgage on this?

• 1:05:46Speaker 02

  No, on, on the bank account. That's why I don't want normal.

• 1:05:49Caleb Hammer?

  Well, what do you mean? What do you, what are you asking?

• 1:05:51Speaker 02

  If my credit card information somehow gets stolen by the waiter or whatever, whatever it is. So if they spend thousands of dollars on it, uh, it takes time to fight these things.

• 1:06:01Caleb Hammer?

  It does.

• 1:06:01Speaker 02

  But then I'm gonna.

• 1:06:02Caleb Hammer?

  And you can fight it on actually debit. It just takes even longer and there's less success chances.

• 1:06:06Speaker 02

  And it's harder and yeah, so that's the main, that's the main thing I'm protecting myself against.

• 1:06:10Caleb Hammer?

  Which I get.

• 1:06:11Speaker 02

  But the.

• 1:06:11Caleb Hammer?

  Are you using like the protective and all the security measures online and password protectors in the monitoring services?

• 1:06:18Speaker 02

  America's credit card system is, uh, uh, insecure. Granted, it's slowed down since, uh, the.

• 1:06:22Speaker 03

  Our cyber security friends maybe would, would challenge our security, but like,

• 1:06:30Speaker 03

  I think that we're mostly.

• 1:06:31Caleb Hammer?

  I'm not against that as a concept. I'm against you putting all your purchases on a card that is losing you $400 a month in interest. $400 a month you are actually paying just to use this card. You are paying a plan fee of $400 a month just to use this card.

• 1:06:44Speaker 03

  Yeah.

• 1:06:48Caleb Hammer?

  Disney Plus. Oh, that's Cheaper than childcare. That's cheaper than childcare. And then we still use childcare.

• 1:06:56Speaker 03

  Okay, but.

• 1:06:57Caleb Hammer?

  Prime Video Channels, Car Wash Guys, we live in Austin.

• 1:07:02Speaker 00

  Born in Texas, made in America, that's Valero. Keeping America moving, rain or shine, day or night, 365 days a year. Giving back to our communities and helping businesses thrive. We're proud to fuel the people who keep this country moving. So whether you're exploring new roads or heading down ones you know, we're here, fueling drives coast to coast. Proudly American, proudly getting you where you need to be. Right now, Valero.

• 1:07:30Caleb Hammer?

  Desert or snowy place, you don't need a car wash. And throw a bucket of water on it, it's fine. Apple, huh? Those will be gone, those will be gone. Apple Bill, something Zoo, vending machines, Schlatchkies, Schlatchkies Burger King, Netflix, really nothing good on there right now. Anyway, Dutch Bros, full. Squid Game 2? Fetch, oh, I heard it was okay. Fetch, Fetch, Apple Bill, Dutch Bros, Orange Leaf, Amazon, Kitty Pooh Club. Fetch is, is pet insurance. Is that the little crystals?

• 1:08:03Speaker 03

  It's, it, no, it's the one, it's so, I have ADHD and I have a really hard time with things like, like, like that, that are.

• 1:08:13Caleb Hammer?

  What do HD, ADHD, sorry, sorry, sorry.

• 1:08:16Speaker 03

  I, okay.

• 1:08:16Caleb Hammer?

  It's kind of like veganism, like every ADHD person has to tell everyone they have ADHD.

• 1:08:20Speaker 03

  Well, because ADHD people like to talk.

• 1:08:21Caleb Hammer?

  But I, but I assume it's playing into this story, so go ahead.

• 1:08:24Speaker 03

  It's relevant.

• 1:08:25Caleb Hammer?

  It's okay, it's okay.

• 1:08:25Speaker 03

  So I was having a hard time making sure that the, the litter boxes were as clean as they need to be to have healthy cats.

• 1:08:31Caleb Hammer?

  Yeah.

• 1:08:32Speaker 03

  And so I decided to try this as I've tried every other different thing.

• 1:08:38Caleb Hammer?

  Very expensive.

• 1:08:39Speaker 03

  It is very expensive, but I keep the litter boxes clean. And so I think.

• 1:08:44Caleb Hammer?

  You can't go buy litter.

• 1:08:47Speaker 03

  Uh.

• 1:08:48Caleb Hammer?

  Because of ADHD.

• 1:08:49Speaker 03

  No, that's not the issue.

• 1:08:50Caleb Hammer?

  You have to join a subscription plan.

• 1:08:52Speaker 03

  The issue is the cleaning of the boxes. So you throw out the whole, like it, you just bought, close it up.

• 1:08:58Caleb Hammer?

  Oh, it's a. What about the auto cleaners and just manage it like a responsible cat owner?

• 1:09:03Speaker 03

  Those are, they're the, so this is how I have found a way to be a responsible cat owner.

• 1:09:08Caleb Hammer?

  Found a way with also laziness.

• 1:09:10Speaker 03

  And it's not laziness.

• 1:09:11Caleb Hammer?

  It's a little lazy that you, you can't set a reminder to clean.

• 1:09:15Speaker 03

  I, I can set a reminder to clean and I can get distracted from it. It is not laziness.

• 1:09:20Caleb Hammer?

  Distracted while you're cleaning?

• 1:09:21Speaker 03

  Uh, yes, literally while I'm.

• 1:09:23Caleb Hammer?

  On medication?

• 1:09:25Speaker 03

  Uh, now I am.

• 1:09:26Caleb Hammer?

  Okay, there you go. So we can go back to.

• 1:09:27Speaker 03

  I wasn't on medication when I was going through all of the like.

• 1:09:31Caleb Hammer?

  And you can be a stay at home mom successfully and you can't focus on cleaning a litter box?

• 1:09:36Speaker 03

  Uh, I, I can because I have given myself, uh, this support system, which is a product.

• 1:09:44Caleb Hammer?

  Box.

• 1:09:45Speaker 03

  Yeah.

• 1:09:45Caleb Hammer?

  Yeah. This is the one thing you couldn't make it through at home.

• 1:09:48Speaker 03

  It's, it's not that much, uh, different, like price wise.

• 1:09:53Caleb Hammer?

  Yes, it is.

• 1:09:54Speaker 03

  It, it's not.

• 1:09:55Caleb Hammer?

  We were having cat owner conversations yesterday.

• 1:09:58Speaker 03

  If I have two, if I have two cat boxes and each, each bag of cat litter costs, uh, forty dollars and I'm also buying cleaner. Okay. And I do two of those bags a month.

• 1:10:09Caleb Hammer?

  Cleaner you buy in bulk. Jake buys six containers of cat litter each month and it's sixty to seventy bucks for six containers.

• 1:10:16Speaker 03

  What cat litter? I have a weird cat. I have a weird cat that has substrate preferences. I, I mean, this is a good excuse. I will defend that purchase.

• 1:10:24Caleb Hammer?

  I, I, I might be, I don't know the cat, but I would, I'd listen to the vet over just like trying to find a reason to justify this.

• 1:10:31Speaker 03

  I don't want my, my, I don't want my cat to be unhealthy and.

• 1:10:36Caleb Hammer?

  I'm not saying that either.

• 1:10:37Speaker 03

  When I had the other, uh, forms of litter boxes, I would let them go too long. I, I was embarrassed about it. Uh, yes.

• 1:10:49Caleb Hammer?

  And also daddy can't chip in?

• 1:10:50Speaker 03

  He doesn't, the cats are my cats, so he doesn't do that.

• 1:10:53Caleb Hammer?

  Mine, mine, mine, everything. We don't, the cats of the house, we don't even define as ours. This house is so weird, guys. You guys are, you guys are not partner. No, you're not partners.

• 1:11:05Speaker 03

  Oh, that's not true.

• 1:11:06Caleb Hammer?

  No.

• 1:11:07Speaker 03

  We're partners in a different way.

• 1:11:09Caleb Hammer?

  And the fact that you made kids, other than that, you guys do not act a lot.

• 1:11:14Caleb Hammer?

  But you don't partner on things.

• 1:11:15Speaker 02

  On everything. Sure. We don't. We don't.

• 1:11:17Caleb Hammer?

  The word partner, you're a couple, doesn't mean partner.

• 1:11:21Speaker 03

  Doesn't mean that it's not valid.

• 1:11:22Speaker 02

  There is a sense.

• 1:11:23Caleb Hammer?

  No, no, no. You guys are a couple, but you're not partnering together.

• 1:11:26Speaker 03

  Partners. You're wrong.

• 1:11:28Caleb Hammer?

  I'm just thinking of the actual definition of partnering on something like a group project. You guys don't do that. You're individual on everything. You guys are.

• 1:11:35Speaker 02

  On everything.

• 1:11:36Speaker 03

  Divide and conquer.

• 1:11:37Caleb Hammer?

  Divide and conquer. What are you doing?

• 1:11:41Speaker 03

  We're doing.

• 1:11:42Caleb Hammer?

  You.

• 1:11:43Speaker 03

  Me? What am I doing in what capacity?

• 1:11:46Caleb Hammer?

  I guess ordering boxes of cat.

• 1:11:48Speaker 03

  Okay.

• 1:11:48Caleb Hammer?

  Stuff.

• 1:11:50Speaker 03

  I believe that the cat litter is within our means if even if we cut down.

• 1:11:57Caleb Hammer?

  It probably is. It's just an example, guys.

• 1:11:58Speaker 02

  I can definitely make that a priority to make sure that we keep that because I also don't want to be.

• 1:12:03Speaker 03

  If I was.

• 1:12:04Caleb Hammer?

  And I get it. It's just an example. Same with the Spotify thing. I don't really care.

• 1:12:07Speaker 03

  Buy the kitty poo club, but because I'm able to feed my kids, I make that choice. So there are different layers. That is one of the layers, and I think that the health of my pets is really important.

• 1:12:17Caleb Hammer?

  I agree. You are acting like I disagree with that. You were just making.

• 1:12:21Speaker 03

  You were saying you disagree.

• 1:12:22Caleb Hammer?

  No, you're making it sound like there's no other choice and you refuse to have any kind of compromise. You refuse to believe that you're able to clean litter. Also, guys, income that came in from his payroll was eight thousand seven hundred eighty. It did sell in two thousand and there was ATM cash deposit of a thousand. We got up to like twelve thousand five hundred ish with that. Thirteen thousand ish. Yeah, we spent sixteen thousand five hundred fifty. So as long as I can put food on the table for my kids.

• 1:12:49Speaker 02

  There's no way that's right because each week should be around twenty nine hundred.

• 1:12:54Caleb Hammer?

  I'm sure you like spreadsheets. Here's one. This is your literal numbers. So shut the.

• 1:12:58Speaker 02

  Where is the payroll? Eighty seven, eighty three.

• 1:13:03Caleb Hammer?

  Literally the numbers in your documents. Not really disputable. Dutch Bros, Orange Lee's, South Park Meadows, Amazon, more Kitty poo club, car wash, come on. Come on. Apple, Dutch Bros, Pokemon?

• 1:13:20Speaker 02

  Oh, yeah.

• 1:13:21Caleb Hammer?

  Forty bucks a Pokemon?

• 1:13:23Speaker 02

  Pokemon cards. I have thousands of dollars worth.

• 1:13:26Caleb Hammer?

  Used to be. I see this purchase right now.

• 1:13:29Speaker 02

  Oh, that was a hat. So I wanted to save money on haircuts. So.

• 1:13:33Caleb Hammer?

  You don't go outside. Who cares? Just take scissors to them. Have the seven year old do it. It'll look just as good.

• 1:13:40Speaker 02

  Maybe.

• 1:13:41Caleb Hammer?

  I combined their ages.

• 1:13:45Caleb Hammer?

  Okay, whatever. Apple, Amazon. Again, it's not the purchase I care about. It's the example. It is just the overall. We can excuse and justify everything.

• 1:13:57Speaker 03

  Okay.

• 1:13:58Caleb Hammer?

  Prime Video, Summer Moon, and I love my moon milk. I lactate that. Nord VPN, Apple, Apple. Uh, what are all these Apple charges that are just constant throughout here?

• 1:14:12Speaker 03

  Some of them are.

• 1:14:13Caleb Hammer?

  Another Apple, then DoorDash McDonald's and then DoorDash.

• 1:14:16Speaker 03

  What are the amounts on the Apple charges?

• 1:14:17Caleb Hammer?

  Uh, 99 cents for one. That's probably storage and then $33.40 on another.

• 1:14:22Speaker 03

  $33?

• 1:14:25Speaker 02

  Oh, the spoke. Is it spoke?

• 1:14:26Caleb Hammer?

  Then an Apple 99 cents, Apple $11.89, pork bun. And you're doing all this while giving the card $400 in interest just to do this. None of this is necessity so far. None of this is necessities.

• 1:14:41Speaker 02

  But the litter is a necessity.

• 1:14:43Caleb Hammer?

  Okay, cool. So I like.

• 1:14:45Speaker 02

  And a percentage of the food. Sure, not the entire amount, but.

• 1:14:49Caleb Hammer?

  Okay, so out of the, what was it that I said? 7,000 hours spent, $400 is a necessity? High fives, guys, all around. Let's celebrate.

• 1:14:56Speaker 03

  If you're doing $3 a meal per person per day, right? That's, that's good.

• 1:15:05Speaker 02

  Four, 12.

• 1:15:08Speaker 02

  Map, I don't.

• 1:15:10Caleb Hammer?

  And flight wifi, probably shouldn't be going anywhere now, can't afford it. There's the airport.

• 1:15:14Speaker 03

  Family trips.

• 1:15:15Caleb Hammer?

  Congratulations. Where's your family?

• 1:15:18Speaker 03

  Uh, Massachusetts and Dallas. So we drive to Dallas and we fly to Massachusetts.

• 1:15:22Caleb Hammer?

  Yeah, I don't think you're flying to Massachusetts for a second.

• 1:15:24Speaker 03

  I am flying to Massachusetts.

• 1:15:25Caleb Hammer?

  Okay, then, just you?

• 1:15:27Speaker 03

  Yes, I am. Just me.

• 1:15:28Caleb Hammer?

  Really?

• 1:15:29Speaker 03

  My, my, my sister just had a child. I'm gonna go visit, visit, and I'm taking my baby with me.

• 1:15:36Caleb Hammer?

  You are gonna make it sound like I'm against this, but here is the thing. You literally cannot afford it. On a good earning month, you still spent two thousand five hundred dollars.

• 1:15:45Speaker 03

  I'm not missing, I'm not missing my.

• 1:15:47Caleb Hammer?

  You're not willing to do anything, is the thing.

• 1:15:49Speaker 03

  I am willing to do something.

• 1:15:50Caleb Hammer?

  You justify every little thing.

• 1:15:53Speaker 02

  Well, yeah, because otherwise we wouldn't have done that.

• 1:15:54Speaker 03

  I'm justifying the things that are justifiable.

• 1:15:56Speaker 02

  But we're, the, these are our justifications for the decisions that we made.

• 1:16:00Caleb Hammer?

  The decisions you've made of spending two thousand five hundred dollars more than comes in.

• 1:16:02Speaker 02

  Yeah.

• 1:16:03Caleb Hammer?

  Justifications we made to give our children a future because they're gonna take care of you.

• 1:16:06Speaker 02

  Tell us which ones we should start cutting.

• 1:16:09Speaker 03

  So, I disagree.

• 1:16:10Caleb Hammer?

  Everything so far.

• 1:16:10Speaker 03

  I disagree that the trip to see my sister and her new child, uh, is.

• 1:16:15Caleb Hammer?

  No, no, was it a one time or is this ongoing? Because you say, I will do this.

• 1:16:19Speaker 02

  We go a yearly during Thanksgiving break.

• 1:16:22Speaker 03

  Thanksgiving, but then my sister had a baby in December and I'm going in January. That's reasonable. That's reasonable.

• 1:16:29Caleb Hammer?

  How many? Because you said, I will go. If it is a one time thing, that's not what I'm freaking out about. It's just a continued stack of the example of not stopping our purchases.

• 1:16:38Speaker 03

  Traveling to see family once a year is reasonable. I will stand by that.

• 1:16:43Caleb Hammer?

  I'm not saying it's not. I'm saying when we blow all our money and we have zero dollars, no spending money we don't have is not reasonable. You entitled.

• 1:16:52Speaker 02

  I disagree. It's like.

• 1:16:53Caleb Hammer?

  You disagree? You think you're entitled to spend money you do not have?

• 1:16:57Speaker 02

  Yes, that's what a mortgage is. You're, you're in debt to the bank for whatever percentage, and then after thirty years.

• 1:17:01Caleb Hammer?

  A mortgage is an appreciating asset. A flight is not, you piece of shit. Stop trying to come up with an example that is not working.

• 1:17:09Speaker 02

  Speculate on your housing, sure, but there are many people who bought houses most recently and the market cratered and now they're negative one hundred twenty.

• 1:17:16Caleb Hammer?

  You buy a house for a one year outlook? Buddy, you don't know the first thing you're talking about. Probably shouldn't have built one.

• 1:17:22Speaker 02

  Sometimes you're forced into selling because if you're laid off, that one of these corporations.

• 1:17:26Caleb Hammer?

  Which is why you follow the housing method that I advocate for, only twenty percent down. So that if you do have to sell on a downtime, you don't have to take out money extra.

• 1:17:34Speaker 02

  Wait, why would that work?

• 1:17:36Caleb Hammer?

  You guys, you already have an equity position. Never touch a house. You don't even know what 20% down means.

• 1:17:41Speaker 02

  But you lost the money.

• 1:17:42Caleb Hammer?

  Don't even walk towards a house.

• 1:17:44Speaker 02

  I would have kept the 20,000. Granted, I would have spent it, but I would have not have to give it to the bank.

• 1:17:50Caleb Hammer?

  I say go visit your family once a year. I say go visit your family once a month. That's what I say. I say when you don't have money to survive, we don't spend the money we don't have. A house is a crazy concept.

• 1:18:07Speaker 02

  I disagree with that. I believe you should be able to leverage the debt, the credit lines that these banks are.

• 1:18:12Speaker 03

  This is not the, this is not the transaction to dispute. This is not it.

• 1:18:17Caleb Hammer?

  They all are because you don't have the money. You don't have the money.

• 1:18:22Speaker 03

  This is not, I, I.

• 1:18:23Caleb Hammer?

  You don't have the money. I'm saying I want you to spend the money to do it.

• 1:18:28Speaker 03

  Time is irreplaceable. I am not missing moments like that for my family. I'm not.

• 1:18:34Caleb Hammer?

  Do either, but hey, listen, lady, you are incapable of understanding what I'm saying somehow. I don't know. This is impressive, borderline like I'm, my mind is like melting out of just like sheer, just like let's, we need to crown this moment. That you are unable to understand words that are going over to your ears.

• 1:18:54Speaker 02

  I think we understand.

• 1:18:54Caleb Hammer?

  Not agree. You do not understand the claim because I would say cut back on everything else. So you can do the flight because I support the flight. But if you are choosing all the other fucking purchases that put you $2,500 over your spending, no, you don't get to do the extra shit you want to do. How is that hard to understand? How are you guys parents? Good luck.

• 1:19:17Speaker 02

  Well, it doesn't, you don't need a certificate to.

• 1:19:20Caleb Hammer?

  Yeah, but the fact they're still alive. Good job. I don't know how it happened.

• 1:19:24Speaker 02

  Actually, I'm.

• 1:19:25Caleb Hammer?

  Target, target. Great parents.

• 1:19:27Speaker 03

  We're great parents.

• 1:19:28Caleb Hammer?

  Great. Yeah. Okay. Again, they could be dying in poverty. If you continue this, could be, do you know what the word could means?

• 1:19:36Speaker 03

  Yes.

• 1:19:36Caleb Hammer?

  Doesn't mean right now.

• 1:19:40Caleb Hammer?

  They're going to be taking care of you guys. This is the acts of good parents. You guys are putting yourself, you guys are putting your selfish behavior above them.

• 1:19:47Speaker 03

  That's fine.

• 1:19:48Caleb Hammer?

  Huh?

• 1:19:49Speaker 03

  They can leave us under a bridge. That's fine.

• 1:19:54Caleb Hammer?

  Target, Target, Hulu, Starbucks, Tesla subscription.

• 1:19:58Speaker 02

  Oh, no.

• 1:20:00Caleb Hammer?

  What? What is it? It's $10. What is it?

• 1:20:04Speaker 02

  Well, the-

• 1:20:04Caleb Hammer?

  Premium connectivity?

• 1:20:05Speaker 02

  Yeah, but the car is $1,000 a month, so I thought-

• 1:20:10Speaker 03

  That-

• 1:20:11Speaker 02

  I'm not sure why you didn't immediately make that-

• 1:20:13Caleb Hammer?

  I'm not at that statement.

• 1:20:15Speaker 02

  But I thought you would have-

• 1:20:16Caleb Hammer?

  I didn't know it was $1,000 a month.

• 1:20:21Speaker 02

  Yeah, or $9.50.

• 1:20:23Speaker 03

  And then also there was the self-driving.

• 1:20:26Speaker 02

  Yeah, the self-driving. I've been writing the free trials, but it's $100 a month on top.

• 1:20:35Speaker 02

  I've been trying to get rid of it. It's on my list to try to get rid of it.

• 1:20:39Caleb Hammer?

  Congratulations, we're choosing that over seeing our sister's newborn.

• 1:20:42Speaker 03

  Okay, that's-

• 1:20:46Speaker 02

  Well, that was in 2022 and her sister wasn't pregnant.

• 1:20:49Caleb Hammer?

  Tesla payments right now.

• 1:20:51Speaker 03

  I mean-

• 1:20:51Speaker 02

  Well, I can't just stop paying it.

• 1:20:53Caleb Hammer?

  You can sell it.

• 1:20:54Speaker 02

  I tried, and it's underwater about $12,000 or $13,000.

• 1:20:58Caleb Hammer?

  You can borrow the difference, and I doubt that would be $1,000 a month.

• 1:21:00Speaker 02

  I tried borrowing-

• 1:21:02Caleb Hammer?

  Your debt to income?

• 1:21:03Speaker 02

  Uh, yeah, yeah.

• 1:21:05Caleb Hammer?

  Oh, what a-

• 1:21:06Speaker 03

  It's bad, it's bad.

• 1:21:07Speaker 02

  That was about six months ago, I think, so after paying a lot of these debts down, I might get closer to- But I also thought about buying, you know, a trash car and hoping that a dealership would roll over the negative equity and effectively forcing a refinance, you know, which I've also tried in-

• 1:21:24Caleb Hammer?

  I don't know how you guys are gonna make it in life. This is crazy, guys.

• 1:21:28Speaker 03

  It is crazy.

• 1:21:30Speaker 02

  But we're crazy, so.

• 1:21:31Speaker 03

  That's true. We are crazy. I'm crazy.

• 1:21:34Caleb Hammer?

  Hey, we're so cute.

• 1:21:35Speaker 02

  Yeah, thank you.

• 1:21:37Speaker 03

  Thanks.

• 1:21:39Caleb Hammer?

  Amazon, Disney Plus, Dutch Bros, Smoke ADX Slaughter.

• 1:21:45Caleb Hammer?

  Amazon, Amazon, Amazon. Guys think you're, because you're touching each other, you guys are partners.

• 1:21:50Speaker 03

  We are partners.

• 1:21:51Caleb Hammer?

  Hmm. Not in the definition of word. Chipotle, Zoo, Favor Petearys, Target, Hot Pizza, Marshalls. Spending all of this on here just so we get the luxury of giving the bank $400 a month.

• 1:22:09Speaker 03

  Yeah.

• 1:22:09Speaker 02

  But I mean, I think that's fair in exchange for the access to the capital. Like, I, I consciously.

• 1:22:15Caleb Hammer?

  You know, I agree that is fair.

• 1:22:16Speaker 02

  Yeah.

• 1:22:17Caleb Hammer?

  And that's why you're doing it.

• 1:22:18Speaker 02

  Right.

• 1:22:19Caleb Hammer?

  And if you're okay with it, then this conversation's done.

• 1:22:22Speaker 02

  Well.

• 1:22:22Caleb Hammer?

  Because it doesn't matter. I agree that is fair. I would say, don't do it. The fact that you don't give a What is the point then? What are we talking about?

• 1:22:31Speaker 03

  We are telling you what our justifications have been over time, and they are good or bad. Clearly, maybe bad.

• 1:22:40Caleb Hammer?

  Haven't heard one good yet.

• 1:22:42Speaker 03

  I have.

• 1:22:42Caleb Hammer?

  What?

• 1:22:44Speaker 03

  Uh, I'm happy with my choice for the Kitty Poo Club, and I'm happy with my choice to buy tickets to go see my sister and her baby.

• 1:22:51Caleb Hammer?

  Yeah, I'm good with that, too, if you had money.

• 1:22:54Speaker 03

  Uh, we have money for those things. We, we.

• 1:22:57Caleb Hammer?

  You spent $2,500 more than you brought in.

• 1:22:58Speaker 03

  So.

• 1:22:59Caleb Hammer?

  You don't know what having money is. Shut the Shut the

• 1:23:02Speaker 02

  Just pretend. Right. Just pretend that that $2,500 didn't go to the flights. It went to, uh, food delivery.

• 1:23:10Speaker 03

  You just have to adjust. So the, those are not things I'm cutting.

• 1:23:14Caleb Hammer?

  I didn't fucking say that. How are you still incapable? I said, do it if you cut the other and you didn't. How have you survived without being able to understand what a sentence is? Colombian coffee near Times.

• 1:23:31Speaker 03

  Oh, the coffee.

• 1:23:32Caleb Hammer?

  Barnes and Noble, Barnes and Noble.

• 1:23:34Speaker 03

  Okay.

• 1:23:34Caleb Hammer?

  Home goods, home life. What?

• 1:23:36Speaker 03

  The coffee?

• 1:23:37Caleb Hammer?

  Yeah, the coffee.

• 1:23:39Speaker 03

  So you're gonna see more charges of the coffee. There was an issue.

• 1:23:42Caleb Hammer?

  Oh, really?

• 1:23:42Speaker 03

  I accidentally, there, okay, I accidentally got like eight months worth of coffee sent to me.

• 1:23:47Speaker 02

  So it's like, what, $400 or something like that?

• 1:23:51Speaker 02

  We'll drink it. It lasts. It lasts.

• 1:23:55Caleb Hammer?

  LA Fitness, Hummus Cuisine, airport, pizza, article.

• 1:24:02Caleb Hammer?

  Target, Lushnails, Chipotle, Hudson, InMotion, Starbucks, Patreon. It's not even ours, probably.

• 1:24:15Speaker 03

  Huh?

• 1:24:15Speaker 02

  Patreon?

• 1:24:16Caleb Hammer?

  Who's subscribing to on Patreon?

• 1:24:17Speaker 03

  Oh, uh, Funny Fridays.

• 1:24:20Speaker 02

  Yeah, she's great.

• 1:24:20Speaker 03

  She's great.

• 1:24:21Caleb Hammer?

  How much content does she upload in her Patreon?

• 1:24:23Speaker 03

  Uh, I don't follow her Patreon. Actually, I just pay for her Patreon because I like her content and so I-

• 1:24:29Caleb Hammer?

  See, if you guys join our YouTube membership, we have over a thousand hours of extra content. We have more extra content than I think any other membership that we know of.

• 1:24:36Speaker 03

  Yeah, I mean, I agree-

• 1:24:38Caleb Hammer?

  So, also, you have debt, so I don't want you to support creators because you have debt and you're not living and surviving and you're gonna die in poverty. Uh, what happens next time dude has stroke and can't work, though?

• 1:24:52Speaker 02

  Disability.

• 1:24:53Caleb Hammer?

  Uh, you know, it's horrible, though.

• 1:24:56Speaker 02

  Uh, sure, uh, but-

• 1:24:58Caleb Hammer?

  You're talking about cutting lifestyle, not back to a hundred ten. What are you gonna have to do when you cut lifestyle back to thirty?

• 1:25:03Speaker 02

  As far as I understand, my disability insurance is percentage based. I get sixty percent.

• 1:25:08Caleb Hammer?

  But you're not even willing to cut back to close to sixty percent.

• 1:25:11Speaker 02

  If I get free sixty percent income, I will figure out a way because my ultimate goal is to not work.

• 1:25:16Caleb Hammer?

  You won't figure out a way.

• 1:25:17Speaker 02

  Sure, that's true.

• 1:25:19Caleb Hammer?

  I, I, I have zero desire to go through the rest of this with you guys.

• 1:25:23Speaker 02

  That's a lot.

• 1:25:24Speaker 03

  There's important information.

• 1:25:25Caleb Hammer?

  Yeah, and not information that's gonna change anything in this conversation. I have zero desire to go through this. Who has an Audi?

• 1:25:34Speaker 02

  Oh, uh, that's my mom. It's under my name, but she pays me for it sometimes.

• 1:25:42Caleb Hammer?

  That's insane.

• 1:25:43Speaker 02

  I agree.

• 1:25:44Caleb Hammer?

  You know, it's past due.

• 1:25:46Speaker 02

  Yeah, yeah, two months now.

• 1:25:49Speaker 03

  Mm-hmm. I mean, it's affecting our-

• 1:25:52Caleb Hammer?

  What's our solution here?

• 1:25:54Speaker 02

  Third month when they, uh, they repossess the vehicle.

• 1:25:57Caleb Hammer?

  Uh-huh, on your credit?

• 1:26:00Speaker 02

  Sure.

• 1:26:00Caleb Hammer?

  You're expecting this to happen?

• 1:26:02Speaker 02

  Yeah, I-

• 1:26:03Caleb Hammer?

  You're okay with this?

• 1:26:04Speaker 03

  No.

• 1:26:05Speaker 02

  I mean, I don't-

• 1:26:05Caleb Hammer?

  Who, who has it again?

• 1:26:07Speaker 02

  My mother, my mother.

• 1:26:08Caleb Hammer?

  And what is the conversation's like? Why'd you allow her to get a thousand hour monthly payment anyway? The fuck's her income?

• 1:26:14Speaker 02

  Zero.

• 1:26:15Caleb Hammer?

  What is happening?

• 1:26:17Speaker 02

  She is also a homemaker, so.

• 1:26:22Caleb Hammer?

  Oh, what does he make then?

• 1:26:23Speaker 02

  I don't know the specifics.

• 1:26:24Caleb Hammer?

  And you allowed, you signed? You signed for this? You signed for a thousand?

• 1:26:30Speaker 02

  Well, she said she'd be good for it, so.

• 1:26:32Caleb Hammer?

  Oh, so clearly, maybe that's how every bank should operate.

• 1:26:36Speaker 02

  I mean, that, I think.

• 1:26:37Caleb Hammer?

  Oh, yeah, they said they're good.

• 1:26:38Speaker 02

  That is how they operate.

• 1:26:39Caleb Hammer?

  Don't say you fucking dumbass.

• 1:26:41Speaker 03

  I mean, that's why they gave us.

• 1:26:43Speaker 02

  Yeah, that's why they gave us the money.

• 1:26:44Caleb Hammer?

  They checked your credit.

• 1:26:46Speaker 02

  Yeah.

• 1:26:47Caleb Hammer?

  You did not check her credit.

• 1:26:48Speaker 02

  Well, I don't need to check it, because I, it's, now it's about the same as mine.

• 1:26:52Caleb Hammer?

  Yeah, but him, the bread earner that you're relying on, you don't know how much money is coming in. Usually when you apply for a loan, they ask how much money is coming in.

• 1:27:00Speaker 02

  Well, it should be only my name, right?

• 1:27:02Caleb Hammer?

  No, I'm saying you expecting payment from them.

• 1:27:06Speaker 02

  Oh, no, I'm not gonna do a background.

• 1:27:08Caleb Hammer?

  Dude, you're such a dumbass.

• 1:27:10Speaker 02

  I mean, yeah, sure.

• 1:27:11Caleb Hammer?

  I'm sorry.

• 1:27:11Speaker 02

  That I 100% agree with. But if I channel this dumbass in the right direction.

• 1:27:17Caleb Hammer?

  Which you haven't in a decade and a half, which gives me no.

• 1:27:19Speaker 02

  I think, I think I can make it work.

• 1:27:22Caleb Hammer?

  I seriously, I seriously do not want to continue this. I seriously do not want to continue this. I legitimately do not. Me, me, Caleb Hammer, me, here, not even on the show. I do not want to continue this conversation. I have zero interest in continuing this conversation. You guys are so fucking lost in therapy together, together. This is not, I am not a licensed therapist, shut the up, I hate you. And a therapist wouldn't say that, so. You guys need couple therapy.

• 1:27:52Speaker 03

  We have been in couples therapy before.

• 1:27:54Caleb Hammer?

  You tried. You tried.

• 1:27:56Speaker 02

  Yeah.

• 1:27:57Speaker 03

  I fired our last one.

• 1:27:59Speaker 02

  Yeah, she fired the last two, yeah.

• 1:28:02Speaker 03

  I did, but we wouldn't talk about anything real.

• 1:28:12Speaker 03

  Okay, so.

• 1:28:15Speaker 03

  We do want to do better. We do.

• 1:28:19Speaker 02

  I don't think he believes us.

• 1:28:20Caleb Hammer?

  No, not for a single fucking second. You already tried couples therapy, then this is not gonna help.

• 1:28:26Speaker 02

  Well, the finances in our dumbassery there is different than the dumbassery in our relationship. I don't couple those.

• 1:28:33Caleb Hammer?

  Oh, I hate, I hate ending it. I hate ending it earlier. It's just, I just, there's nothing more that I want to do than to just end this. Fuck the show in this context. I just want it to be done.

• 1:28:53Caleb Hammer?

  You guys have friends?

• 1:28:55Speaker 03

  Yeah.

• 1:28:56Caleb Hammer?

  Okay, that's about it.

• 1:28:57Speaker 03

  We do have friends.

• 1:28:59Speaker 02

  I, I choose to not seek those types of relationships most of the time.

• 1:29:04Speaker 03

  You have some friends.

• 1:29:05Speaker 02

  Some, but a lot of people go out of their way to have additional friends. I just don't have an interest.

• 1:29:12Caleb Hammer?

  Four thousand dollars on this card. Thousand dollars of purchases. I'm not even gonna write it down, because it doesn't fucking matter. Taco Bell, Academy Sports, Home Goods, Ross Star, Spotify, Target, Goodwill, Target. Uh, nineteen percent interest.

• 1:29:29Caleb Hammer?

  Seven hundred dollars in interest accrued.

• 1:29:32Speaker 02

  Wait, which one?

• 1:29:34Caleb Hammer?

  I don't know. I threw it and I'm done. Another Wells Fargo, nine hundred, nine hundred five dollars of purchases. But you put money towards this one. This one's, this one looks like that one's actually paid off. But even still, it's still nine hundred dollars of spending that could have gone towards other things. Went to bin wash.

• 1:29:48Speaker 02

  Yeah, that one is like.

• 1:29:49Caleb Hammer?

  Oh, insurance. It looks like our quarterly insurance or biannual insurance.

• 1:29:53Speaker 03

  What, bin wash?

• 1:29:55Caleb Hammer?

  No, progressive, eight hundred twenty-four dollars.

• 1:29:57Speaker 02

  Oh, that's the insurance for the Audi. Since my name's on it, I have to be the.

• 1:30:03Caleb Hammer?

  Insurance, how often?

• 1:30:06Speaker 02

  Monthly.

• 1:30:08Caleb Hammer?

  Eight hundred ninety dollars a month?

• 1:30:10Speaker 02

  Yeah, uh, it's, it's not.

• 1:30:12Caleb Hammer?

  The, what?

• 1:30:16Speaker 02

  There's like, there's

• 1:30:17Caleb Hammer?

  No, we're done.

• 1:30:19Speaker 02

  Four, four drivers.

• 1:30:21Caleb Hammer?

  Okay.

• 1:30:22Speaker 02

  And one of them is seventeen.

• 1:30:24Caleb Hammer?

  Go, go sit down with the professional financial advisor that it connected you with, because there's this, this is done.

• 1:30:29Speaker 02

  I looked for alternative rates.

• 1:30:32Caleb Hammer?

  This is done. This is good luck. Good luck. I'm done.

• 1:30:35Speaker 02

  They were the only ones who provided.

• 1:30:36Caleb Hammer?

  Shut the

• 1:30:37Speaker 02

  Even gave a rate.

• 1:30:47Caleb Hammer?

  I, I.

• 1:30:52Caleb Hammer?

  Okay.

• 1:30:53Speaker 02

  Surely we're not the worst, right? Not.

• 1:30:56Caleb Hammer?

  Maybe. What flight? What flight are you taking at thirty percent interest?

• 1:31:01Speaker 02

  Is there thirty percent interest relief?

• 1:31:03Caleb Hammer?

  Are you stupid? You're supposed to be the smart guy. You pretend like you're smart. You're quippy like you're smart, but you're a dumbass.

• 1:31:10Speaker 02

  This is just money. Money doesn't matter.

• 1:31:12Caleb Hammer?

  Why are you sitting in that seat then? Why would you apply?

• 1:31:14Speaker 02

  To have.

• 1:31:15Caleb Hammer?

  My empathy's gone.

• 1:31:17Speaker 03

  To watch the financial audit post-show, click the join button below.