If Her Husband Sees This, He's Leaving | Financial Audit

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

• 0:00Speaker 00

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• 0:31Speaker 01

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• 0:32Speaker 02

  I feel worse. This flu is not playing around.

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• 0:58Caleb Hammer?

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

• 1:01Speaker 04

  You lied. You fucking lied. You lied. Who the will ever trust you again? Come on. I saw it in your fucking eyes. Those White Walker eyes. I called that shit. And the fact that he can't trust you? Yeah, I understand it now. Download my new simpler budget app today and take control of your money once and for all.

• 1:28Speaker 06

  Hi there. My name is Kristin. I am 28 years old from Austin, Texas, and this is Financial Audit.

• 1:35Caleb Hammer?

  Thanks for coming into the studio. What do you do for a living here in Austin?

• 1:38Speaker 06

  I am a social worker at a nursing home.

• 1:41Caleb Hammer?

  Social worker, a lot of school. Not always a lot of money. Has done better in the last few years, but what do you make?

• 1:47Speaker 06

  Right now, 71.

• 1:49Caleb Hammer?

  See, it's done better. See, it's doing better. And now, for a lot of the school that goes into it. But 71, okay. So what's hitting your account on a monthly basis right now?

• 2:00Speaker 06

  I get about 23 each paycheck, so probably 46 total.

• 2:08Caleb Hammer?

  Okay. So how do you feel living in Austin? How are things going?

• 2:12Speaker 06

  I more recently, okay, uh, I were planning on moving somewhere cheaper.

• 2:18Caleb Hammer?

  We're planning on moving.

• 2:19Speaker 06

  My husband and I, yes.

• 2:20Caleb Hammer?

  Oh, this is a duel.

• 2:22Speaker 06

  Yes, yes.

• 2:23Caleb Hammer?

  Okay, what does he make?

• 2:25Speaker 06

  Uh, he just started working as a behavioral assistant at an elementary school.

• 2:30Caleb Hammer?

  So it's a total household.

• 2:32Caleb Hammer?

  Income.

• 2:33Speaker 06

  So, starting next month, he'll start getting twelve hundred a month and then August.

• 2:38Caleb Hammer?

  Twelve hundred a month?

• 2:39Speaker 06

  In August, it'll jump up to, I think, twenty seven.

• 2:43Caleb Hammer?

  Even still?

• 2:44Speaker 06

  Mm hmm.

• 2:46Caleb Hammer?

  Why's he getting paid nothing?

• 2:47Speaker 06

  Uh, he's not quite a teacher yet. So his goal is to get a salary position as a teacher. Um, but he's just not there quite yet.

• 2:55Caleb Hammer?

  So five thousand.

• 2:59Caleb Hammer?

  Eight hundred comes in on a monthly basis, but for Austin, okay, you know, you're in the median, so.

• 3:09Caleb Hammer?

  I'm surprised he's making so, well, how old is he?

• 3:12Speaker 06

  He is twenty four.

• 3:14Caleb Hammer?

  Okay, okay, that makes more sense. So we have a lot of debt. Why is he not here?

• 3:20Speaker 06

  Uh, he's working right now.

• 3:21Caleb Hammer?

  Uh, okay. So what is going on? What are we talking about?

• 3:25Speaker 06

  I, I think I have a little bit more wiggle room than I give myself credit for. I, I wanna get the, I don't.

• 3:31Caleb Hammer?

  What does that mean to you?

• 3:32Speaker 06

  I mean, I don't, I, all of my bills, like, there's leftover money and I, I don't do well with it, so I, I wanna figure out.

• 3:39Caleb Hammer?

  Why don't you do well with it?

• 3:41Speaker 06

  I need to put more towards debt.

• 3:42Caleb Hammer?

  And that's why we're here?

• 3:44Speaker 06

  I have a lot of debt. My debt to income ratio sucks and it's really limiting.

• 3:48Caleb Hammer?

  Why do you have a lot of debt?

• 3:50Speaker 06

  Uh, I haven't made the best financial choices.

• 3:52Caleb Hammer?

  Why haven't you made the best financial choices?

• 3:54Speaker 06

  Good question. My husband and I would love to figure that out. He's kinda lost a lot of trust in me financially and there's a lot I need to figure out, so.

• 4:02Caleb Hammer?

  He's lost a lot of trust in you financially. How long have you guys been together?

• 4:05Speaker 06

  We started dating end of twenty one.

• 4:08Caleb Hammer?

  Well, okay, so where was the trust and where is it now?

• 4:11Speaker 06

  There were a couple months last year where, uh.

• 4:16Speaker 06

  We weren't meeting rent and that was kind of my

• 4:18Caleb Hammer?

  You're making rent?

• 4:19Speaker 06

  Well, we met

• 4:20Caleb Hammer?

  Were you making this income?

• 4:21Speaker 06

  We eventually, like, we, we never were late. We ended, we got help.

• 4:26Caleb Hammer?

  Then what are you, you got help? What's help?

• 4:28Speaker 06

  Uh, his parents, my parents.

• 4:30Caleb Hammer?

  Were you making this income?

• 4:31Speaker 06

  Yeah.

• 4:32Caleb Hammer?

  How are you missing rent?

• 4:34Speaker 06

  I was

• 4:34Caleb Hammer?

  His parents?

• 4:35Speaker 06

  Yeah.

• 4:36Caleb Hammer?

  So your father and mother-in-law had to cover your rent when you make seventy thousand dollars a year?

• 4:42Speaker 06

  Not all of it. They would cover the portion that we couldn't.

• 4:45Caleb Hammer?

  Well, how are you possibly missing? Okay, I'd lose trust in a partner too if that were happening.

• 4:51Speaker 06

  Right, yeah.

• 4:52Caleb Hammer?

  So what? What was possibly happening?

• 4:54Speaker 06

  I had to pay my car bill. I had other bills to pay.

• 4:57Caleb Hammer?

  Yes, as we all do and everyone else in this entire literal country.

• 5:01Speaker 06

  Right.

• 5:02Caleb Hammer?

  So what was unique about your situation when you made above the median person in this country?

• 5:08Speaker 06

  I think, uh,

• 5:14Speaker 06

  part of it, I think I, I want to be able to refine, finance my car. I have a lot of credit card debt, student loan debt, everything.

• 5:21Caleb Hammer?

  No, why were you not paying your rent?

• 5:24Speaker 06

  I just, once the other bills came out, I didn't have it.

• 5:27Caleb Hammer?

  How'd you not have enough? You just said you have enough wiggle room. You just didn't know, you fuck up your money. So what do you mean? You said you don't

• 5:33Speaker 06

  Well, I use, I was using credit cards for rent for a little bit, for a couple of months.

• 5:39Caleb Hammer?

  For why though? Again, the mathematic, what's your rent?

• 5:43Speaker 06

  Uh, about two thousand a month.

• 5:44Caleb Hammer?

  Okay. That sucks. Uh, for the forty-six hundred, was he making any money?

• 5:49Speaker 06

  Not, he had just moved back.

• 5:51Caleb Hammer?

  So why are you guys in a two thousand dollar place at that point? Cause if we're bringing in forty-six a month.

• 5:55Speaker 06

  Well, at the, when I

• 5:57Caleb Hammer?

  Like, that's pretty brutal. We're talking about forty-three, almost forty-four percent of your net going to rent, which is pretty brutal. Then we have utilities on top of that. Rent is insurance is pretty minor, internet, and then all your bills. Yeah, I can see it's starting to become hard. So why are you guys in a rent that was obviously more than you could possibly handle?

• 6:13Speaker 06

  At first I was doing okay and then it, when it He came back. I kind of fell off the horse and wasn't spending wisely.

• 6:22Caleb Hammer?

  When he came back?

• 6:23Speaker 06

  Well, he was, he, we were kind of long distance for a second, so I moved to,

• 6:27Caleb Hammer?

  How long distance?

• 6:28Speaker 06

  Uh, he was up in Wisconsin. That's where we met.

• 6:30Caleb Hammer?

  Yeah, that's long distance.

• 6:31Speaker 06

  Yeah, that's where we met. So he was finishing college up in Wisconsin while I was establishing down in Round Rock because I got a job offer. Um, I actually lived with his parents for a couple of months while looking for an apartment, found an apartment, did well, and then.

• 6:45Caleb Hammer?

  What was the price of that apartment?

• 6:47Speaker 06

  Two thousand.

• 6:47Caleb Hammer?

  That, it was that apartment?

• 6:48Speaker 06

  It's the same, yeah.

• 6:50Caleb Hammer?

  So what went wrong? How did it get bad once he got here? That doesn't make any sense.

• 6:53Speaker 06

  Um, he was still looking for work and then when I first moved into the apartment, I didn't have the other credit cards. I only had one credit card.

• 7:00Caleb Hammer?

  Yeah, why does a credit card matter unless you're [__] it?

• 7:03Speaker 06

  Yeah, so they got spent, yeah, they got spent on and then I had more bills to pay with the, with the money that was coming in.

• 7:12Caleb Hammer?

  Why were you spending more on the credit card than you could possibly?

• 7:14Speaker 06

  I, and I honestly didn't even think about rent until like it was close to do and then I'd realize, oh shoot, I, I don't have the rent money to pay, like.

• 7:25Caleb Hammer?

  You're saying he, your husband, husband?

• 7:27Speaker 06

  Yeah.

• 7:27Caleb Hammer?

  Has lost trust in you? And it's because of this? What does this look like, this loss of trust? That's crazy. You guys are barely married. You couldn't have gotten married that long ago.

• 7:40Speaker 06

  In October.

• 7:41Caleb Hammer?

  And he's losing trust in you?

• 7:43Speaker 06

  Well, he.

• 7:43Caleb Hammer?

  What does that look like?

• 7:45Speaker 06

  It was during our engagement period where it was like, I don't think we're gonna make rent and that's when he.

• 7:50Caleb Hammer?

  Did you guys make it past engagement?

• 7:52Speaker 06

  Love, but he told me, um, when we started not being able to make rent, he was like, what do you mean? We've been fine. That's when he found out that I was putting some on credit cards and he was like, that's when we got our joint account officially started because he was like, I want to see what money is coming in and going out. So I can figure out where we're going.

• 8:12Caleb Hammer?

  Single household, got it, basically.

• 8:14Speaker 06

  And now he runs the rent account. So he'll take out every portion. Yeah, so he, with his bank, has a rent account that he pulls.

• 8:21Caleb Hammer?

  Him to come in and rescue?

• 8:23Speaker 06

  Uh, he wanted a roof over his head, so he took that portion over.

• 8:28Caleb Hammer?

  Why couldn't you even be considered close to responsible enough to deal with it?

• 8:32Speaker 06

  Well, I'm responsible enough now to make sure that there's five hundred each paycheck that he.

• 8:36Caleb Hammer?

  Five hundred each paycheck?

• 8:37Speaker 06

  Yeah, so we each contribute a thousand to meet the two thousand.

• 8:42Caleb Hammer?

  He only makes a thousand.

• 8:44Speaker 06

  Yeah, so all his money currently goes to rent and he doesn't have, he has some.

• 8:48Caleb Hammer?

  But he had to take this over because you could not do it.

• 8:51Speaker 06

  Correct, uh, but.

• 8:52Caleb Hammer?

  So this loss of trust then is obviously critical. I mean, you guys are trying to make it in a full marriage. What does this loss of trust look like today? What are you like not allowed to touch it? Like what, what does it look like?

• 9:04Speaker 06

  Well, at this point I've been, as soon as my paycheck hits, I will pay all of my bills. And then we have a little bit left over. He takes the 500 out immediately each paycheck.

• 9:14Caleb Hammer?

  Yeah, but what does the lack of trust look like?

• 9:18Speaker 06

  It's gotten better.

• 9:19Caleb Hammer?

  No.

• 9:19Speaker 06

  For the most part because I'm able to divvy out.

• 9:23Caleb Hammer?

  Yes, but what does it look like?

• 9:25Speaker 06

  What is, what are you talking about? It's, it's better.

• 9:29Caleb Hammer?

  It's better, but what does the relationship look like with the lack of trust? You told me he doesn't trust you. There you go. Thank you for an actual answer.

• 9:36Speaker 06

  He questions a lot of my spending and you know, I'll go to him. I'll be like, I'm thinking about going to like, get my nails done or something and he'll be like, why? That makes no sense. That's $60 that you don't need to spend.

• 9:47Caleb Hammer?

  Probably seeing how this is a lot of, whoa, my, a lot of paperwork. Whoa.

• 9:54Speaker 06

  So I, I usually, not that he requires me to, but I usually run any, like anything coming out of our joint account, which is where I spend all my money.

• 10:03Caleb Hammer?

  But you said lack of trust. Trust means.

• 10:05Speaker 06

  I run everything by him at this.

• 10:07Caleb Hammer?

  Yeah, but you are, he's not asking you to, right?

• 10:09Speaker 06

  He prefers than I do.

• 10:11Caleb Hammer?

  Okay.

• 10:12Speaker 06

  Yeah, he checks the joint account almost daily. So.

• 10:15Caleb Hammer?

  That's like.

• 10:16Speaker 06

  So I ask before.

• 10:17Caleb Hammer?

  So it's not that a privilege was taken away.

• 10:19Speaker 06

  Right. He just monitors everything a lot more closely. Um, so, so that he doesn't have to ask if he sees something that I didn't tell him about.

• 10:28Caleb Hammer?

  What about the, before you guys got married, what about the 27 years leading up to that? Or the nine years of adulthood?

• 10:34Speaker 06

  I have never been great with money. I started working when I was 16, financial situation growing up. I.

• 10:43Speaker 06

  I've never really been frugal with any money I've got.

• 10:46Caleb Hammer?

  Then how did you guys' conversations with money go, leading into the engagement, leading into the marriage?

• 10:50Speaker 06

  Well, when we first moved in with each other, I didn't have to pay too much in rent. It was only, I only paid 20% of the rent, so that was about $200. And that was, $200 was easy to pay, so it didn't question anything.

• 11:05Caleb Hammer?

  Money. You guys, so you had to require him to question?

• 11:08Speaker 06

  There wasn't much.

• 11:09Caleb Hammer?

  You guys didn't talk about what you guys' finances were like?

• 11:11Speaker 06

  No, not really. Couldn't really hit rent, because there was nothing to question. There wasn't nothing to question at the time.

• 11:18Caleb Hammer?

  Why does that have to be questioned? You guys are getting in a long-term...

• 11:19Speaker 06

  Because everything was fine.

• 11:20Caleb Hammer?

  Everything was fine, but wouldn't you want to know what your significant other's finances look like if we're headed into a lifetime?

• 11:26Speaker 06

  I knew he was good financially.

• 11:27Caleb Hammer?

  Does he have any debt?

• 11:29Speaker 06

  Uh, student debt, yes.

• 11:30Caleb Hammer?

  Uh, federal, private?

• 11:32Speaker 06

  I think both. But he's only paying his federal. His parents are doing his private. That was their agreement, so...

• 11:39Caleb Hammer?

  Their agreement. It's still interesting dynamic, I'm sure. Why did he have to borrow so much school? Is it a public?

• 11:46Speaker 06

  Uh, no, it's a private school.

• 11:48Caleb Hammer?

  Oh, shit. Okay. Okay, great. For his $1,200 a month he makes, that's wonderful. You guys didn't communicate, so I'm not surprised that there's a lack of trust now. Who's surprised? No one's surprised. Here's a secret: most people let it go unnoticed, and it kills your budget. It's subscriptions. And I'll admit, even I found myself blowing precious dollars on unwanted subscriptions that are set on auto renew. But with today's sponsor, Rocket Money, keeping tabs on what you're really paying for and canceling what you don't use, it's as easy as it can be. Rocket Money simplifies your finances by connecting to your accounts

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• 13:17Caleb Hammer?

  There's even alerts for upcoming charges to prevent unexpected overdrafts, making it an essential tool for smarter budgeting. Go to rocketmoney.com/Caleb or click the link in the description below to join in five million members and try it for free. That's rocketmoney.com/Caleb or head to the link in the description below to check it out and get ahold of your finances today.

• 13:36Speaker 06

  Well, at first, there wasn't really much to talk about because we were doing fine. So we just assumed, oh, we're all good. There's nothing really to question. And then, once we were able to make rent, it was like, oh, now we have to question it.

• 13:47Caleb Hammer?

  Well, it's an interesting dynamic that I'm starting to see already in this and kind of why I wish he was here. Listen, he's not making much money. His parents are paying for his federal student loans. His parents jumped in when you were not able to pay your rent on time. Are they helping in other ways?

• 14:04Speaker 06

  Right now, they pay for groceries, but that's.

• 14:06Caleb Hammer?

  They pay for groceries for a 28-year-old who makes $72,000 a year.

• 14:13Speaker 06

  They seem happy to do it right now.

• 14:15Caleb Hammer?

  I'm sure they seem happy. I'm not saying that they are evil, but what they probably are doing unintentionally is enabling your stupidity.

• 14:25Caleb Hammer?

  You bring in household $5,800 a month, 4,600 from you. Do I have all household expenses or just your accounts?

• 14:35Speaker 06

  Um, I mean, he doesn't.

• 14:38Caleb Hammer?

  Do I have any accounts of his?

• 14:39Speaker 06

  It's all mine, but there's nothing else that he's paying for that is.

• 14:42Caleb Hammer?

  But so there's no other accounts that he's spending in?

• 14:44Speaker 06

  Uh, he has like his personal account, but that's his, that's his own thing.

• 14:47Caleb Hammer?

  So 4,600 comes in. How much did you spend last month?

• 14:52Speaker 06

  Probably that much?

• 14:54Caleb Hammer?

  Why would you still be in debt or going into worse debt?

• 14:58Speaker 06

  I, I don't know how much. I can't put a dollar amount on it, but-

• 15:01Caleb Hammer?

  You have no inkling of what you spend on a monthly basis?

• 15:04Speaker 06

  Probably about forty-five hundred.

• 15:05Caleb Hammer?

  Okay, sixty-nine hundred.

• 15:07Speaker 06

  Okay.

• 15:08Caleb Hammer?

  You spent six, it was basically seven thousand hours when you bring in four thousand six hundred. You do not leave this studio until you download the simpler budget app.

• 15:17Speaker 06

  Okay.

• 15:17Caleb Hammer?

  Cause you get the premium version, so it automatically connects your accounts and everything. Okay?

• 15:22Speaker 06

  Okay.

• 15:22Caleb Hammer?

  All right. And there's the community so that you can ask questions to everyone else as well.

• 15:26Speaker 06

  Where did that number, what else did I spend there?

• 15:28Caleb Hammer?

  Oh, we're gonna go through it. You better believe it, but that will tell you, you will never not be able to answer exactly how much you spent in a previous month. You will never not be able to answer where that money went to. You will build up the categories. It will be automatically connected. You get it for free. They get a free trial before they commit to the premium version, which the free trial is good anyway, but either way you get that. And just like those who sign up for the annual version, I send them a founder's edition. One of these all signed. You will journal your budgeting process and you will bring that back on and I will read it.

• 16:03Speaker 06

  Okay.

• 16:04Caleb Hammer?

  When you come back on the Financial Art of Follow channel, okay?

• 16:07Speaker 06

  Okay. Will there be like any wiggle room in the budget for like fun or are we all focusing on debt?

• 16:12Caleb Hammer?

  What do you wanna do?

• 16:14Speaker 06

  I mean, I wanna be debt free, but I-

• 16:15Caleb Hammer?

  Well, then what the fuck are you talking about? How about you have fun after you get out of debt? How about you already had fun and that's why you're in debt? How about it's time to grow up? It already looks like you're graying anyway.

• 16:26Speaker 06

  Okay. Well, I mean, fun as in like, you know, twice a month nails done, hair, you know, I don't party or anything.

• 16:32Caleb Hammer?

  He's even against it. Do some fucking strap on nails. That's not what they're called. Glue on nails.

• 16:37Speaker 06

  Press on, yeah.

• 16:37Caleb Hammer?

  Press on nails.

• 16:39Speaker 06

  Okay. I will work on it. But I don't think I spent that much. I can't think of how I would spend two thousand over what I-

• 16:48Caleb Hammer?

  You don't budget. You don't track your shit. No, no, no shit.

• 16:50Speaker 06

  Used to budget, but-

• 16:52Caleb Hammer?

  Well, congratulations. Used to is used to. Why the fuck did you stop? You know, maybe it should have been a sign when our literal mother and father-in-law had to pay for our food and rent that hmm, maybe we should budget again. How long ago did you budget?

• 17:05Speaker 06

  In college, my undergrad.

• 17:08Caleb Hammer?

  Why'd you stop?

• 17:09Speaker 06

  Well, I budgeted actually a little bit before in before I moved into the apartment in October of

• 17:15Caleb Hammer?

  Oh, good. Now we have a massive rent. I think we should stop budgeting. Why?

• 17:19Speaker 06

  Well, I budgeted to see, because we had two apartment choices. So I budgeted the month depending on the rent of each place to see where we could land.

• 17:28Caleb Hammer?

  Why don't you budget on a monthly basis? The why?

• 17:31Speaker 06

  I'm not good at following it. So it doesn't make sense for me to sit down all the time and plug in all these numbers and then

• 17:38Caleb Hammer?

  But you'll never follow it up if you don't sit down. You you sit down, you see what you did and you adjust it for the next month. You build out your categories dependent on that. Yes, action is required. Well, you think you just build it out and it just happens?

• 17:50Speaker 06

  Well, I get that, but I would also budget and then it like if it went astray, it's not like anything bad happened. So I was like, oh, well, we don't really

• 17:58Caleb Hammer?

  You spend $7,000, you make $4,600 a month. Nothing bad happened? Yes, you have an absolute Oh, my. Listen, I don't see the paperwork anymore before these episodes because I like to go in blind with the audience and find out what they find out. This is way fucking thicker than I thought it was.

• 18:17Caleb Hammer?

  That has heft. This is crazy.

• 18:22Speaker 06

  It could be bigger. I mean, I spend

• 18:24Caleb Hammer?

  It could always be bigger. Are you fucking, what are you?

• 18:26Speaker 06

  On time and everything. So I mean,

• 18:29Caleb Hammer?

  Will that be true?

• 18:30Speaker 06

  I mean, it's been

• 18:31Caleb Hammer?

  Will that be true?

• 18:32Speaker 06

  Yes, yes, it'll always be true.

• 18:34Caleb Hammer?

  I will lose my shit if it's not. And I don't know because I don't go through them again before like I used to. I will lose my shit.

• 18:41Speaker 06

  That's what I mean by it hasn't been bad because I pay all my

• 18:44Caleb Hammer?

  Your minimums, it doesn't mean your debt's not going up.

• 18:47Speaker 06

  Yeah, I only pay minimums, but I mean, they still make them on time.

• 18:52Caleb Hammer?

  What do you think your finances are today? Zero to 10, zero being the absolute worst, 10 being the best. I gotta get into this fat stack of documents or else we'll never get through this. Where do you think you are?

• 19:03Speaker 06

  Two and a half.

• 19:03Caleb Hammer?

  Okay. Do want your hammer financial score? Check it out. Take the quiz and we'll tell you exactly where you stand. At Calebhammer.com or click the link in the description below. And if you want to come on the show and I'll give you a financial beating, give you a wake up call, get you connected with all these resources, you get to meet the team. Have a good day here. Go to Calebhammer.com slash apply. We'd be happy to have you here.

• 19:26Caleb Hammer?

  Here we go. Chase Freedom, the freedom to [bleep] up our entire marriage with a $2,490. Oh my [bleep]. You are literally, literally $9 away from the max. These lost trust issues? Who would have thought?

• 19:42Speaker 06

  I haven't spent on that in a couple months.

• 19:45Caleb Hammer?

  $2,490. You can't. You literally can't. Except for like a $2 Takito or something. You literally can't. No shit. That spending probably went to a different card. It had to have with the amount you spent last month.

• 20:00Speaker 06

  I don't think so.

• 20:00Caleb Hammer?

  It had to have. We will see. We will see. $240 or $2,490.69 with a minimum monthly payment of $80. Okay, so what was the purchase on here? All this interest accruing. What was this?

• 20:16Speaker 06

  Freedom rise. I think that one, I don't remember why I got it initially, but less than a year ago, I used it to get hair extensions.

• 20:28Speaker 06

  Before a cruise that I went on with my husband and his family.

• 20:32Caleb Hammer?

  Alright, I'm gonna bring in some cash. Can I have some cash? I'm gonna bring in some cash. I'd like you to do a little math. How much did it cost to get those hair extensions? What was the amount that you spent?

• 20:42Speaker 06

  The install was $1,800.

• 20:44Caleb Hammer?

  Okay, and guess what? We're gonna do a little math. Here's a big fat sack of cash. So what you're gonna do is you are gonna lay out for me and count out for me exactly how much that will cost in the end.

• 20:57Speaker 00

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' healthcare to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com, not authorized by any candidate or candidate's committee.

• 21:26Caleb Hammer?

  And with your minimum monthly payments, after you only put your minimum monthly payments to it and interest accrued until it is paid off, those hair extensions, count out exactly what you think it is.

• 21:36Speaker 06

  Do you have, I need to do the mental math.

• 21:38Caleb Hammer?

  No, go 100, 200?

• 21:40Speaker 06

  One, two, three, four, five.

• 21:44Speaker 06

  And sixteen, seventeen, eighteen.

• 21:47Caleb Hammer?

  Okay, so you think it'll cost eighteen?

• 21:49Speaker 06

  Well, you said hair extensions. So are you asking the whole card?

• 21:52Caleb Hammer?

  That's basically what the card was. How long do you think it'll cost you total, once it's paid off? Only doing the minimum to payments?

• 21:59Speaker 06

  Eighteen, so nineteen, that's two thousand. At least five thousand, my guess, probably fifty-five.

• 22:08Caleb Hammer?

  You're okay with spending five thousand, five hundred dollars on hair extensions?

• 22:12Speaker 06

  I didn't spend that much.

• 22:13Caleb Hammer?

  That's what you are in the end. That's what you are in the end.

• 22:18Speaker 06

  Well, those were paid off.

• 22:19Caleb Hammer?

  No, that's what it is in the end. Your card is all the way up. You just replays should push it all the way up. So in the end, the way the math works is your one-time hair extensions. You think it's five thousand, five hundred. That's worth it? One time, you'll pay for hair extensions, five thousand, five hundred. But we won't pay rent. We'll pay five thousand, five hundred for hair extensions, but we won't pay for our own groceries.

• 22:42Speaker 06

  Well, I didn't even, I don't, I didn't keep the hair extensions. The hair extensions were only in for like-

• 22:46Caleb Hammer?

  So it's even, so it's even more stupid. Three months of hair extensions was worth five thousand, five hundred to you?

• 22:51Speaker 06

  Well, after the second-

• 22:53Caleb Hammer?

  Is it worth five thousand, five hundred to you?

• 22:55Speaker 06

  That's what I'm, no, that's what I'm saying.

• 22:57Caleb Hammer?

  Well, guess what? Either way, six thousand, that's what it's gonna cost you by the end. Six thousand with the way you're doing it. Six thousand for three months of hair extensions. Congratulations.

• 23:08Speaker 06

  That's why I took them out, so I wouldn't keep spending money on them.

• 23:10Caleb Hammer?

  But guess what? You are still spending a total of six thousand on them that are already done in the trash, gone.

• 23:20Caleb Hammer?

  You don't care. Oh, my-

• 23:23Speaker 06

  I care. That's why I took them out, so that I didn't keep having to accrue all this on the credit card and just focus on paying it off.

• 23:31Caleb Hammer?

  You're not, you've only made the minimum. It's nine dollars to the max. What the fuck are you talking about? You haven't focused on anything. You haven't done a single cent of focus. You don't know what a focus is. Never focused in your life. What are you talking about? Nine dollars, nine dollars.

• 23:47Caleb Hammer?

  Guys, this is pretty exciting. Well, zoom in. Let's talk about this for a second. Okay, so I do a little bit negotiating here and there, you know, when we're having sponsorships and stuff like that. And you know, I've been working with Moomoo for a while and I got a little special negotiation for you guys. Cause I wanted to get you free money because if I get money from them, I want you to get money from them. And then, you know, we're all happy. And the thing is, what I got was exactly what I would want to get if I were putting money in an investing account. Immediate returns on investment. So right now, I got for you guys and only you guys, literally no other creator has this. If you deposit 2,000 dollars into Moomoo, you get an instant $150 and then 8.1% APY on that money. That's like a 16% return. It's crazy. It's absolutely awesome. Get the free money now. Link in the description below.

• 24:33Caleb Hammer?

  Let's do this thing. Let's make some money. Focus. Fuck you focus. There's no focus. How long have you been focusing? No. $9. That's the focus you've done. $9 of focus.

• 24:48Speaker 06

  I, I used to pay about the minimum payment, but you know,

• 24:52Caleb Hammer?

  $9!

• 24:53Speaker 06

  All on time, like day, like days before.

• 24:56Caleb Hammer?

  It doesn't matter what you've done before. There's only $9 available on it. So even if you did more than your minimums before, it doesn't matter because you immediately replenished it with purchases. Cause there is only nine fucking dollars available.

• 25:13Speaker 06

  And I'm not even spending on it anymore. So.

• 25:15Caleb Hammer?

  Cause you're not going to go in it. Whoa, whoa. How do I get that through to you? You can't.

• 25:23Speaker 06

  I know. I, the interest.

• 25:25Caleb Hammer?

  Then don't jerk yourself off over not spending on it. You literally cannot. You couldn't even go to fucking Applebee's. Could a fellow take a gas?

• 25:37Speaker 06

  And I don't plan to.

• 25:38Caleb Hammer?

  Cause you can't. This fucking show. My gosh. How long does this take to pay off with the way you're doing it?

• 25:50Speaker 06

  Probably a lot of years.

• 25:53Caleb Hammer?

  Oh, that's a great number.

• 25:55Speaker 06

  At least five.

• 25:56Caleb Hammer?

  Ten.

• 25:56Speaker 06

  Yeah.

• 25:59Speaker 06

  I want, I can pay it off quicker. Right?

• 26:03Caleb Hammer?

  Yes, but you're not.

• 26:09Speaker 06

  I will.

• 26:10Caleb Hammer?

  There is no indication of that. You spend seven thousand, bring.

• 26:14Speaker 06

  I could round up to the nearest hundred.

• 26:16Caleb Hammer?

  Girl.

• 26:16Speaker 06

  Extra twenty goes towards it.

• 26:18Caleb Hammer?

  Boy, your husband's parents have covered your rent and pay for your groceries. And you spend more money than you make still. Shut the up.

• 26:29Caleb Hammer?

  You're not gonna get out of it by saying, I will. You would have been doing that. Don't pull that. That is not how this conversation is gonna go. Freedom Classic, Chase Freedom Classic. Okay, I didn't know there was multiple freedoms. Well, yes, I did. Four thousand, three hundred sixty nine. These balances are insane. Four thousand, three hundred sixty nine dollars and thirty one cents with a minimum monthly payment of a hundred forty eight. Okay, that's also starting to stack pretty aggressively. Oh, my, it's only like a hundred, hundred thirty dollars from the max. So not much you can spend here either. Good, and you didn't. But you only did your minimum monthly payment, hundred five dollars of interest. What is going on here? What is this?

• 27:13Speaker 06

  That was my very first credit card in college.

• 27:15Caleb Hammer?

  Oh, so we better never pay it off.

• 27:18Caleb Hammer?

  What have you spent on this?

• 27:20Speaker 06

  Random stuff, probably.

• 27:22Caleb Hammer?

  When did you bring it all the way up?

• 27:25Speaker 06

  The rent that we were talking about.

• 27:27Caleb Hammer?

  Oh, this is where you put your rent?

• 27:28Speaker 06

  Part of it, yeah.

• 27:29Caleb Hammer?

  No, how much rent did you put on this?

• 27:32Speaker 06

  That one, I think, probably two months.

• 27:37Caleb Hammer?

  When was the last time you had to put rent on this? I assume then the parents stepped in.

• 27:41Speaker 06

  Like, almost a year. It's been several months.

• 27:43Caleb Hammer?

  And then the parents stepped in.

• 27:48Caleb Hammer?

  Oh, what are they? Do they?

• 27:51Caleb Hammer?

  Come on.

• 27:52Speaker 06

  They helped only, like, they only helped once and then said, we're not helping after this.

• 27:57Caleb Hammer?

  What is their genuine opinion of you? Do you know? Do you even know?

• 28:00Speaker 06

  Yeah.

• 28:01Caleb Hammer?

  And?

• 28:02Speaker 06

  They love me.

• 28:03Caleb Hammer?

  Yeah.

• 28:06Speaker 06

  They love me, I love their son.

• 28:07Caleb Hammer?

  But do they respect you?

• 28:08Speaker 06

  Yeah, I, I think they wish I'd do better, but they love me.

• 28:12Caleb Hammer?

  Yeah, the person that's gonna have a kid with their son probably at some point.

• 28:16Speaker 06

  But this first credit card that I put the, the rent on.

• 28:21Caleb Hammer?

  Who, who are you moving this conversation? I don't think they respect you. They cover the rent.

• 28:29Speaker 06

  Once.

• 28:29Caleb Hammer?

  You're the breadwinner. Yeah, after you put it on a credit card and now they pay for your groceries. You just got married in October. How could they have a positive opinion about you? Sounds brutal, but how could they? Like genuinely, how could they?

• 28:45Speaker 06

  Cause outside of my finances, I'm, I'm a decent human.

• 28:48Caleb Hammer?

  No, I'm sure you're a decent human, but look what you're having to do. You're milking them.

• 28:54Speaker 06

  I don't want them to keep doing it. I, I.

• 28:56Caleb Hammer?

  Then why do you allow them to?

• 28:59Speaker 06

  Because I still have to eat.

• 29:00Caleb Hammer?

  You still have to eat. Why can't you pay for your own groceries if you make above the median household income in Austin? Not household, but medium salary in Austin and the United States. Your household is though, as well.

• 29:14Speaker 06

  I have bills to pay with the credit cards and my car and rent and loans.

• 29:17Caleb Hammer?

  Yeah, but those were your choices that you got into. So now they're bailing you out? How could they respect that? How could they want their son to be with that? Their son gets with someone and they already have to bail that person out?

• 29:30Speaker 06

  They agree that we shouldn't be in this financial situation.

• 29:32Caleb Hammer?

  I'm sure they do, yet they enable it?

• 29:34Speaker 06

  Just until we figure our stuff out.

• 29:36Caleb Hammer?

  Which you never have and clearly have no actual push nor incentive to do so. Because they literally pay for your fucking groceries.

• 29:48Speaker 06

  Just that.

• 29:49Caleb Hammer?

  Yeah, that's a pretty big thing.

• 29:51Speaker 06

  But they.

• 29:52Caleb Hammer?

  Also pretty reoccurring too.

• 29:53Speaker 06

  It's not gonna be forever.

• 29:55Caleb Hammer?

  Yeah.

• 29:56Speaker 06

  Cause like I said, right now, my husband just makes enough for rent, but in August it'll go up and.

• 30:01Caleb Hammer?

  Look at you.

• 30:02Speaker 06

  We'll be fine.

• 30:02Caleb Hammer?

  Look at you. You make a great income. That doesn't fucking matter for a single second. Him bringing in more money won't matter for a single fucking second. You make great income and then you blow it all and more. He doubles the household income, let's say, in a decade. Doesn't matter, you triple the household spending. Look at you, that's what you've done. Doesn't matter if he brings in more money, without the change of behavior.

• 30:41Speaker 06

  And I'll, I'll change my behavior.

• 30:44Caleb Hammer?

  Then why haven't you? I, I can say I would do a lot of things, but if I haven't done a single inch to doing any of it, why would anyone believe me? Why would I believe you?

• 30:55Speaker 06

  I've had good stints, like I'll go on like, like two months, I'm solid.

• 31:00Caleb Hammer?

  You know that makes you look worse, right? Because that means if you do well after this, I have no faith you continue.

• 31:05Speaker 06

  And I don't love that. I want to be consistent.

• 31:08Caleb Hammer?

  Want, okay, so what have you done to fulfill this want?

• 31:10Speaker 06

  I, by nature, I'm just impulsive, so I, I don't think before.

• 31:16Caleb Hammer?

  You then by either not, you need, either need to remove access to the credit cards, need to, again, budget, actually see where your money is going, it literally tells you the day of.

• 31:26Speaker 06

  I've been meaning to just shred the credit cards.

• 31:28Caleb Hammer?

  Meaning to, but again, this is lots of, I've been wanting to, or I'm going to, yet none of it has ever happened. Not one time. I have scissors, you can cut them up at the end. If you're fucking brave enough. How long does this take to pay off?

• 31:45Speaker 06

  Probably that 10 year mark.

• 31:46Caleb Hammer?

  No, that gray is gonna extend even further down your scalp, it'll be 15.

• 31:53Speaker 06

  And that's just with the minimum payment? Or even if I pay above interest?

• 31:56Caleb Hammer?

  Just the minimum, which is all you do. Borderline maxed out. Alrighty. Fill a couple of tanks and you're done.

• 32:10Speaker 06

  I think I have a little bit more wiggle room to pay above. I just need to figure out what that

• 32:14Caleb Hammer?

  Girl, you spent seven thousand dollars. Seven fucking thousand dollars.

• 32:22Caleb Hammer?

  What are you talking about?

• 32:23Speaker 06

  I don't think I spent that much. We weren't ever in the red or anything.

• 32:27Caleb Hammer?

  It's math. It's math. It's math. It's math.

• 32:33Speaker 06

  Okay.

• 32:35Caleb Hammer?

  How much debt do you have?

• 32:38Speaker 06

  Just student loans is about...

• 32:39Caleb Hammer?

  How much debt do you have in total?

• 32:41Speaker 06

  I'm trying to calculate because student debt is ninety...

• 32:46Speaker 06

  Probably about one fifty.

• 32:48Caleb Hammer?

  You're okay with that. It's a hundred sixty. It's a hundred sixty. And you say, "We haven't been in the red." Your entire life is red.

• 32:57Caleb Hammer?

  You're not a credit card person, obviously, so I do what many in the audience do and all other guests and use the Fizz card. So at least it only allows you to spend what's on your checking account. Slate edge.

• 33:09Speaker 06

  That was my second credit card.

• 33:12Caleb Hammer?

  We owe four thousand fifty-five fifty. With a minimum monthly payment of forty dollars. Now they're fifteen years grrrrk gone. No purchases, no interest. Is this interest free? Again, this is basically maxed out by a hundred forty-five dollars left.

• 33:32Speaker 06

  I think it's interest free for a certain amount of time. And that one's, I got in December of twenty, or November of twenty-three. But my sister had just had a baby in Oregon and I, it was a whole family reunion kind of thing and I wanted to be able to go.

• 33:48Caleb Hammer?

  Were you making money yet?

• 33:50Speaker 06

  Yes, but not enough to pay the whole trip.

• 33:52Caleb Hammer?

  What was the trip?

• 33:53Speaker 06

  Well, I had to get the flights for both me and my husband, rent a car, hotel.

• 33:59Caleb Hammer?

  You rented an Uber a couple of times? Instead of renting a car the entire time?

• 34:03Speaker 06

  Well, where we got the...

• 34:03Caleb Hammer?

  That maxed out the fucking car?

• 34:05Speaker 06

  No, there were probably other spendings spent. And also rent probably went on that card.

• 34:12Caleb Hammer?

  Rent, more fucking rent? Are you kidding me? Ah, fees. Was this a transfer? What are the fees? That must have been a late payment.

• 34:21Speaker 06

  I've never late paid on those.

• 34:22Caleb Hammer?

  What is the fee then?

• 34:23Speaker 06

  What is the number?

• 34:24Caleb Hammer?

  Forty. This year so far.

• 34:28Speaker 06

  Is that not just, that's my minimum payment?

• 34:30Caleb Hammer?

  No, a fee has been charged to you of forty.

• 34:36Speaker 06

  Would that be the interest?

• 34:37Caleb Hammer?

  It was the previous one. Pull up the thing. I'll show you. Pull up the app. I will show you. No, it's not interest. It is interest free until literally four months from now.

• 34:46Speaker 06

  Well, I.

• 34:47Caleb Hammer?

  Please tell me it's not deferred. Okay, it's not. Geez. It's gonna be twenty eight point two four percent interest once it hits. That's crazy.

• 34:53Speaker 06

  But as far as, cause that card I had used one, oh, I guess it was a late fee. Um, but like.

• 35:02Caleb Hammer?

  That's, I told you, I told you. That's all it is. That is all, I told you, you, you lied. You lied. You lied. You fucking lied. You lied. You lied. Hey, he can't trust you. I can't trust you. Who the will ever trust you again? Cause you don't even know you're lying. Tired of phone bills that only seem to add stress? We've all struggled with plans that are too costly and complex. But there's a solution. Today's sponsor, Helium Mobile, is here to change that. They offer affordable and straightforward mobile plans tailored to your lifestyle. Say goodbye to high bills and hello to simplicity and savings with Helium Mobile. Imagine having a phone plan that costs you nothing.

• 35:48Caleb Hammer?

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• 36:28Speaker 00

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• 36:57Caleb Hammer?

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• 37:41Caleb Hammer?

  Download the app and use code CALEB to get access to these new plans. That is hellohelium.com with the code CALEB. Thanks to Helium Mobile for sponsoring today's video. Now let's jump back into the episode.

• 37:54Caleb Hammer?

  That is, I told you. How did I even know? I have not looked at this. They have not told me anything. I'm going through it, but through your entire setup, I could tell. With this many documents and how you go about things and the justifications you have used, I knew for a fact at some point there would have been a late. And it was literally just the month previous. Come on. I saw it in your fucking eyes. Those White Walker eyes. I saw it.

• 38:20Speaker 04

  It was late. It didn't like.

• 38:22Caleb Hammer?

  Yes, and that is late. And you got a $40 fee. $40. Hey, you have an interest-free card. Doesn't matter. Let's lose the interest anyway by fees. Why were you late? Huh?

• 38:35Speaker 04

  I probably just forgot to.

• 38:37Caleb Hammer?

  Why would you forget? Why didn't you have our pay? Fucking liar. Liar.

• 38:45Speaker 06

  Well, I get paid on the 10th, so I just go through all of the bills that I have to pay in that pay period. I probably just forgot.

• 38:52Caleb Hammer?

  You can't forget! Fees! Fees! Fees are being added! Liar! I called that sh**. I f***ing called that sh**. I've been through enough of these now. I know exactly who would have a late fee. It's you!

• 39:12Speaker 06

  One day's not horrible.

• 39:14Caleb Hammer?

  Doesn't f***ing matter. It is a forty dollar thing. You are in an interest-free period.

• 39:18Speaker 06

  But that's not that. I don't have a habit of late pay.

• 39:21Caleb Hammer?

  I don't believe you! I simply can't, I can't believe this statement. You told me there have been no late fees and I've seen that this year so far, there was one. We're a couple months into this year. I don't believe you for a single f***ing second. Cause either you're a liar or you don't know what you're talking about. And the fact that he can't trust you? Yeah, I understand it now. Jeez. The f***. You're on an interest-free period. You may as well take advantage of that, but you just lost. You lost it. You lost it by letting that fee accumulate anyway. What's the f***ing point at that point? There is no point. There is no p-

• 40:01Caleb Hammer?

  It doesn't make sense. It doesn't make sense. I, I just don't understand why even w-

• 40:08Speaker 06

  Trying to think of what else went on that card. I think it was, it wasn't...

• 40:14Speaker 06

  The invisalign. That was probably the other thing.

• 40:16Caleb Hammer?

  Is that why I hear a list?

• 40:17Speaker 06

  So, so I have been, uh... Paying, trying to pay it down so that I can

• 40:25Speaker 06

  continue making the monthly payments for everything, but...

• 40:32Speaker 06

  I don't habitually just, I don't neglect it. That's what I meant by paying late.

• 40:36Caleb Hammer?

  You don't habitually what?

• 40:37Speaker 06

  Like neglect paying. That's what I meant by late.

• 40:40Caleb Hammer?

  You might not habitually neglect paying, but you act like a bitch and tell me the incorrect information.

• 40:46Speaker 06

  It was an accident. I didn't, I mean, I didn't-

• 40:48Caleb Hammer?

  Yeah, but how many more accidents are there? Cause you don't even know.

• 40:53Caleb Hammer?

  What? They're, they're telling me that you want to do even more elective cosmetic procedures on this card?

• 40:57Speaker 06

  After everything's paid off.

• 40:58Caleb Hammer?

  What? What?

• 41:01Speaker 06

  I had braces, so they're like around the brackets, it can, something with the calcium or whatever.

• 41:07Caleb Hammer?

  What are you gonna do?

• 41:08Speaker 06

  And then just fixing a couple of chips.

• 41:10Caleb Hammer?

  Oh my gosh, how much is that gonna cost? You don't have money.

• 41:12Speaker 06

  I haven't even, I haven't even entertained it because I'm not gonna pay for it yet.

• 41:18Caleb Hammer?

  Your parent in laws, fuck.

• 41:22Caleb Hammer?

  Pay for your groceries and yet you just choose cosmetics over

• 41:26Speaker 06

  I haven't yet.

• 41:27Caleb Hammer?

  Actually leaving an independent life you did with the Invisalign. Did with the Invisalign after you've already had braces anyway.

• 41:37Speaker 06

  Well, I was getting married. I needed to fix a couple of teeth.

• 41:40Caleb Hammer?

  You need brain cosmetics. I'll pay for three free therapy sessions from Sondermind. Our audience uses them. I use them. It's good therapy. And I'm gonna need them after this conversation. I can already tell. This is a blood pressure kind of conversation. I can already tell because I have a fucking liar for me. What are we doing here?

• 41:59Speaker 06

  It wasn't an intentional lie. I just forgot.

• 42:01Caleb Hammer?

  But I can't trust that. I can't trust that. I can't trust that. It's forty dollars. It's forty fucking dollars on an interest free card. It's free to be zero dollars. That is the benefit you are getting. And it's literally, if I saw it for last year, who even knows what I would have seen because now I'm seeing only for 2025. If I saw 2024 for all your other cards, I bet I would see late payments with how you did. Oh, it's just a day late. It doesn't matter. Yes, it does. It is forty dollars. Stop.

• 42:26Speaker 04

  Stop it. Get some help.

• 42:28Speaker 06

  That card's fifteen, the other's fifteen. So like, are you talking on top of each other?

• 42:33Caleb Hammer?

  What?

• 42:34Speaker 06

  Like fifteen plus fifteen plus ten. So that's

• 42:37Caleb Hammer?

  What?

• 42:37Speaker 06

  Forty years I'm gonna be spending on paying off credit cards.

• 42:40Caleb Hammer?

  Are you? You think that's how? You fuck.

• 42:46Caleb Hammer?

  What are you talking about? You think they fucking hold their fifteen off until you take care of the other fifteen?

• 42:52Speaker 06

  I see now. I, I see what you're saying now.

• 42:57Speaker 06

  No, I get it now. I get it now.

• 43:00Caleb Hammer?

  Oh, fuck. God, jeez.

• 43:13Speaker 06

  Like I said,

• 43:14Caleb Hammer?

  This fucking conversation's a special little conversation, isn't it? Or we're here. We're just gonna, I'm just gonna move along. Just gonna have a little, little, move along. Alright, what am I talking about next? Synchrony?

• 43:29Speaker 06

  Yes, that would be either Care Credit or Ashley Furniture.

• 43:33Caleb Hammer?

  Ashley Furniture sucks.

• 43:35Speaker 06

  I needed a couch for the apartment.

• 43:37Caleb Hammer?

  You little shitty titty. It is three dollars from the max. Three?

• 43:43Speaker 06

  That's the Care Credit.

• 43:44Caleb Hammer?

  Fucking dollars from the max. What are we doing?

• 43:48Speaker 06

  That's the, probably the Care Credit.

• 43:50Caleb Hammer?

  It is the Care Credit. You don't have to say it's the Care Credit four times. What are we doing?

• 43:55Speaker 06

  Uh, I use it for the vet and I used it a couple of times for dental stuff.

• 44:00Caleb Hammer?

  I assume no pet insurance and what is wrong with your teeth? You're always fucking teeth. Everything is teeth.

• 44:05Speaker 06

  Well, I had some cavities I had to get filled, so, and those aren't.

• 44:08Caleb Hammer?

  No more candy!

• 44:09Speaker 06

  I haven't had any cavities since.

• 44:12Caleb Hammer?

  Eighty-nine dollars, well, you're still paying for it. Congratulations. So it's basically a financial cavity. It's fucking you. You need a root canal now. You have three dollars available. It's another fourteen years to pay off this, fourteen years to pay off this, eighty-nine dollar minimum payment.

• 44:29Caleb Hammer?

  Wait, no, no, no. It's two hundred fifty dollars of purchases, two hundred fifty dollars of purchases, two hundred fifty dollars of purchases. Why? Why?

• 44:35Speaker 06

  My dog to the vet last.

• 44:36Caleb Hammer?

  Why do you not have pet insurance?

• 44:39Speaker 06

  Cause they don't go super often, so I don't want.

• 44:42Caleb Hammer?

  That's why you have, you have health insurance. You probably don't go to the fucking emergency room very often.

• 44:48Speaker 06

  Well, I have, it's like eighty dollars a month.

• 44:51Caleb Hammer?

  Insurance is? Yeah, maybe. I don't know. Age and health?

• 44:55Speaker 06

  I, I.

• 44:56Caleb Hammer?

  Age and health?

• 44:58Speaker 06

  Oh, my dog, he is, well, I have two. I have a two-year-old and he's healthy and a one-year-old that's healthy.

• 45:05Caleb Hammer?

  Okay, and that's probably like forty-five bucks a month.

• 45:07Speaker 06

  So we generally only go like, once a year, so it's, I just pay more to health insurance.

• 45:12Caleb Hammer?

  Yeah, your little, yes, two years in, two years in. They have many more years, hopefully. Those will pop up. What are you gonna do then? You have no money. You have three dollars. You have, I'm fucking infuriated. Who, what, what are you looking at? What are you possibly looking at? Wait, I'm not, I don't wanna see a picture of them.

• 45:31Speaker 06

  No, look at them.

• 45:33Caleb Hammer?

  Oh wow, it actually is a picture of them. They're cute, they're dogs, I love them. Oh, they're here. That's congratulations. Maybe you should actually be responsible with them. How are you gonna afford a big surgery if one of them eats something bad? That's what happens, trust me. What are you gonna do?

• 45:47Speaker 06

  Well, those surgeries are like ten thousand dollars, so...

• 45:51Caleb Hammer?

  Yeah, how are you gonna do that?

• 45:52Speaker 06

  I don't think a...

• 45:53Caleb Hammer?

  You're gonna let them die. You're gonna let them die. You're right, the average person can't. That's why we do pet insurance.

• 45:58Speaker 06

  I would find a way to save my dog.

• 46:00Caleb Hammer?

  You just said the average person couldn't. Yes, I will tell you the way. Pet insurance!

• 46:04Speaker 06

  Dollars laying around, but...

• 46:05Caleb Hammer?

  Pet insurance, pet insurance. Are you actually, what the fuck are you doing? Are you incapable of hearing that word?

• 46:11Speaker 06

  No, I'll look into pet insurance. Perfect. It'll go in my budget and...

• 46:18Caleb Hammer?

  I'm just thinking, that pet insurance, they would have covered like, I mean, once you hit your deductible, of course.

• 46:22Speaker 06

  But don't you have to pay upfront and then they reimburse you? So either way, it would have...

• 46:26Caleb Hammer?

  Like most insurances, except for like health insurance.

• 46:29Speaker 06

  Then it'll, I'll look into health or pet insurance for my children.

• 46:34Caleb Hammer?

  Well, the two hundred and fifty dollars is deferred luckily, kind of. Oh, oh, deferred interest.

• 46:40Caleb Hammer?

  No. Oh, no. There is deferred interest of eighty-seven dollars on a small three hundred and nine dollar purchase that is about to hit in two months. Two, one month, one month. Oh! One month and one week.

• 47:00Speaker 06

  Yeah, the care credit does that, uh, six months.

• 47:02Caleb Hammer?

  Does that.

• 47:03Speaker 06

  Yeah.

• 47:06Speaker 06

  The plan was to pay it off, it just, it...

• 47:08Caleb Hammer?

  You've had so many plans to do things, other things come up. That's why you don't put it on deferment. If you're putting things on deferment, everything will always come up eventually that you're not expecting. That's what life is. Then everything will be infinite deferment. You irritate me so fucking much. I always have a plan, then the plan never works out, and then I'm gonna do this, and then you never do it. Gosh, I don't know. I don't know. It's deferring. I don't even know the percentage interest rate. Oh, uh, thirty-two, thirty-two point nine-nine, that's great.

• 47:39Caleb Hammer?

  Just to even give you an example, how bad that is, I just negotiated a new deal. Just for one of our partners. This is like talking about money and how it can actually grow. Right? So Mumo, I always talk about that for our investing thing. The thing I think I just got, and I think we just signed on. It's like, I put $2,000 in there, right? Or remember the audience puts $2,000, or you do, whatever. It doesn't matter. Anyone can put $2,000 in. They literally get $150 immediately, which is a great return on your investment. It's like 8%. Then there's an 8.1% APY on there. That is an incredible investment. That is like a 16% return on your money. It's unheard of. It's better than the stock market. It's incredible.

• 48:18Caleb Hammer?

  Yours is twice as much as that. That's how fucking bad this is. What a joke. You're just gonna let her hit. Do you understand deferred interest?

• 48:29Speaker 06

  Yes, that one was, so I paid it six months-

• 48:31Caleb Hammer?

  Explain deferred interest to me.

• 48:33Speaker 06

  Interest isn't applied until six months later, and it won't be applied if you pay off everything within six months.

• 48:38Caleb Hammer?

  And why aren't you paying off everything within those six months? Well, guys, because unexpected things happen.

• 48:45Speaker 06

  Well, yeah, and part of the reason I have to use that is because I don't have it at the beginning.

• 48:48Caleb Hammer?

  It's no longer unexpected if it's expected, because it's expected that unexpected happens. So what do you do if unexpected happens?

• 48:55Speaker 06

  It's kind of like a safety net. If something pops up with my dog, then I have-

• 49:01Speaker 06

  Then I have this to kind of fall back on if I can't put it on my debit.

• 49:07Caleb Hammer?

  No, you don't. There's $3 on there. What? That will be $3.

• 49:13Speaker 06

  Well-

• 49:14Caleb Hammer?

  Can you, can you show me?

• 49:16Speaker 06

  The 250-

• 49:16Caleb Hammer?

  Should we go?

• 49:17Speaker 06

  The 250-

• 49:17Caleb Hammer?

  Can we go right now?

• 49:18Speaker 06

  There is no bet. That'll take $3, but the 250 was from like a week ago when I had to use it. So now I just have to spend it back down to be able to have some wiggle room again if I do need to use it.

• 49:28Caleb Hammer?

  Oh, but they're, oh, but they're dogs. They're dogs, meaning that it could eat something right now. $3? We, $3? We can, we can go-

• 49:37Speaker 06

  Well, when my dog-

• 49:37Caleb Hammer?

  We can go fix them for $3?

• 49:39Speaker 06

  The only one that would do that is my two-year-old.

• 49:42Caleb Hammer?

  Okay, so also known as one of them.

• 49:43Speaker 06

  He'll, he'll just throw it up.

• 49:45Caleb Hammer?

  Yeah, until he doesn't, and it gets stuck in his intestine.

• 49:49Speaker 06

  Hasn't happened yet.

• 49:50Caleb Hammer?

  Yet. He's two years old, you-

• 49:51Speaker 06

  And so I'll get the pet insurance and then it'll be paid for.

• 49:53Caleb Hammer?

  But you don't have it now. Where do we go for the $3 treatment?

• 49:56Speaker 06

  Nowhere.

• 49:57Caleb Hammer?

  Hmm. Interesting. What's your credit score?

• 50:02Speaker 06

  I can't remember what the credit karma said. I want to say it's low six hundreds.

• 50:07Caleb Hammer?

  That plus horrible debt to income ratio. Good luck affording the financing at the vet clinic.

• 50:15Speaker 06

  But he's healthy now, so.

• 50:16Caleb Hammer?

  Now.

• 50:17Speaker 06

  We don't have to.

• 50:18Caleb Hammer?

  You don't understand. Both of my dogs are healthy too. You never know what happens with them. They get a hold of the thing of dark chocolate. You need to take them in to do the vomit thing so it doesn't get into their blood. You don't know what happens. Anything can happen. Dogs are dumb. They're smart dumb.

• 50:35Speaker 06

  So we'll get the pet insurance and.

• 50:37Caleb Hammer?

  Yes, but that wouldn't fix today. Pet insurance still takes like two weeks to actually implement. After you even find the one you want. What was all this other deferred interest in here and the non-different interest that is accruing at thirty percent? What is that?

• 50:52Speaker 06

  It would, most of that is just vet stuff.

• 50:55Caleb Hammer?

  Like it's all vet stuff.

• 50:56Speaker 06

  And.

• 50:57Caleb Hammer?

  So you, so you've deferred all annual checkups to right now, two thousand five hundred dollars.

• 51:02Speaker 06

  It just automatically defers.

• 51:06Caleb Hammer?

  But two thousand five hundred, you haven't dealt with your previous two thousand five hundred dollars of vet checkups?

• 51:10Speaker 06

  I pay the, the monthly.

• 51:12Caleb Hammer?

  Seven hundred and twenty-six. Your monthly minimum. Do you not understand what that is? That takes fifteen years to pay off without you putting anything else on it. And you always do because you have annual checkups. What are you talking about lady? Do you not?

• 51:24Caleb Hammer?

  A minimum monthly payment, if you're still putting money on it, doesn't actually pay off the card. Do you understand that? I need to make sure you understand that. Do you understand that?

• 51:30Speaker 06

  I do understand that. I do understand.

• 51:32Caleb Hammer?

  Years. Okay, come on.

• 51:33Speaker 06

  Do you understand that? I need to calculate to see how much I need to pay to actually advance the interest off the monthly. You know what I mean?

• 51:41Caleb Hammer?

  Literally the minimum monthly payment does that. If you're not putting more on there, you always put more on that. That's your issue. Your minimum payment is more than the interest.

• 51:50Speaker 06

  Well, that was just one little thing. Like I took my dog to the vet.

• 51:55Caleb Hammer?

  Ladies and gentlemen.

• 51:56Speaker 06

  Follow up last week.

• 51:57Speaker 00

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the HouseMajorityPac.com. Not authorized by any candidate or candidate's committee.

• 52:28Speaker 06

  No, that's not every single time. I took my dog to the vet last week and then my other dog had a checkup this morning, and that was all on my debit card. So I don't use it every time.

• 52:36Caleb Hammer?

  Because you have $3 on there. That's why you can't use it. We're back to the first card. You would put it on there if you had availability.

• 52:43Speaker 06

  If I needed to.

• 52:45Caleb Hammer?

  If you had a...

• 52:51Speaker 06

  I don't use it every single time I go to the vet. I only use it if I... If something goes awry and I need to... I don't have the money in my bank account, then that's... That would be the backup. So I don't use it every single time.

• 53:13Caleb Hammer?

  I see it's gonna be one of these... One of these type of conversations. Oh, bloody.

• 53:19Speaker 06

  I still think there's something to work with.

• 53:23Speaker 06

  Here.

• 53:24Caleb Hammer?

  Yeah, well, your new husband doesn't really think so.

• 53:28Speaker 06

  He has more hope than he did before.

• 53:30Caleb Hammer?

  Ashley Furniture.

• 53:34Caleb Hammer?

  This one's kind of cheap, but wait. No, no payments, okay, yeah. Wait, no, yeah. $77.82, thank you. No interest is going, $14 minimum. Six months to pay off.

• 53:50Caleb Hammer?

  And the promotional expiry is pretty far, so you'll be good.

• 53:55Caleb Hammer?

  What'd you get?

• 53:56Speaker 06

  A couch for my apartment that I moved into.

• 53:59Caleb Hammer?

  Do you even have it anymore?

• 54:01Speaker 06

  The couch?

• 54:01Caleb Hammer?

  Yeah.

• 54:02Speaker 06

  Yeah, that's the couch that I got in 2023.

• 54:08Speaker 06

  And that's... They had like this promotion going and I just...

• 54:11Caleb Hammer?

  Oh, yeah, it's Ashley Furniture, yes. A promotion going on is very unique for them.

• 54:20Caleb Hammer?

  What is this? What am I looking at?

• 54:21Speaker 06

  Uh, that was... Yeah, personal loan.

• 54:23Caleb Hammer?

  For why?

• 54:24Speaker 06

  Um...

• 54:25Caleb Hammer?

  For why, please?

• 54:26Speaker 06

  About a year ago, um, I got a personal loan to pay off credit cards.

• 54:39Caleb Hammer?

  Guys, I just wanted to say an extra thank you for making Simpler Budget an incredibly popular app. I wasn't expecting it, but we literally get like thousands of downloads a day. And a lot of you are actually changing your financial future and we've been hearing from you. So, thank you all for supporting us. We just wanted to continue to say thank you and give people the opportunity to try out the app. So, we still have a two-week free trial in there for the premium version. And of course, everyone that signs up for an annual version, at least for this next quarter, will get a Founder's Edition Simpler Budget Notebook. And it is signed by me, sent directly to you. So, that's a special thank you for putting your trust in us to create an amazing budgeting app. And let me tell you, the features that we're gonna release throughout this next year are about to be crazy. I'm gonna make this the best budgeting app that has ever existed.

• 55:24Caleb Hammer?

  Seriously, download Simpler Budget now. It's incredible. The time to take control of your finances is literally right now.

• 55:31Speaker 06

  I paid them off and I didn't use them for...

• 55:32Caleb Hammer?

  How many [bleep] times do we have to do this? Oh, my [bleep].

• 55:45Caleb Hammer?

  And how did that work?

• 55:47Speaker 06

  It didn't...

• 55:47Caleb Hammer?

  How'd it turn out? Real good?

• 55:50Speaker 06

  Obviously not. I have three...

• 55:52Caleb Hammer?

  As they are all maxed out with like $3 left to spend on them.

• 55:59Caleb Hammer?

  What's the interest on this? What's the interest on this $10,667.65 balance?

• 56:08Speaker 06

  I would have to...

• 56:09Caleb Hammer?

  Yeah, why don't you have to? Go for it. Why would we know anything? Sure, headed into a conversation about our literal finances when you knew questions would be asked. Good [bleep] people.

• 56:18Speaker 06

  Let me take...

• 56:19Caleb Hammer?

  Minimum monthly payment, $331.58.

• 56:22Speaker 06

  Which at the time made sense because that would have been cheaper than all of my credit card payments combined, so...

• 56:29Caleb Hammer?

  That's not the only [bleep] factor. That is not the only factor. Do I really? Do I have to explain this to you?

• 56:37Speaker 06

  No.

• 56:38Caleb Hammer?

  Then tell me why it's not the only factor.

• 56:47Speaker 06

  I wasn't paying attention because I was looking for the interest. Sorry. I paid 11% of the principal.

• 56:55Speaker 04

  It's not the... Hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey.

• 57:02Speaker 04

  The minimum monthly payment is not the only fu-

• 57:05Speaker 06

  Well, at that time, I was paying above minimum.

• 57:07Speaker 04

  The, the, the, the, the minimum monthly payment is not the only factor. Tell me what the other factors are.

• 57:11Speaker 06

  The interest.

• 57:12Speaker 04

  Okay, that's what. There's more. There's more. What's the other factors? What are they? What are they floating around?

• 57:19Speaker 06

  If I have the interest and the minimum, I'm not-

• 57:21Speaker 04

  Grab them. What are they? Yeah. Oh, yeah. Find it.

• 57:23Speaker 06

  You'll have to tell me. I, I-

• 57:24Speaker 04

  Are you serious?

• 57:25Speaker 06

  I find out the interest and the minimum. Yeah. And I might be just blind to it. If you could tell me.

• 57:33Speaker 04

  No, I'm gonna draw it for you because I think that's the only way to get it through.

• 57:36Speaker 06

  Okay.

• 57:36Speaker 04

  Can I? Let me draw this for a sec. Can I draw on a little whiteboard? A little, a little whiteboard real quick?

• 57:44Speaker 04

  This is what we call credit card.

• 57:51Speaker 04

  Uh-oh, credit card, no. That's not good. Got to get rid of it, right? Oh, that was so scary. Okay, so we borrow first of all. Oh, there it is. That's a loan. Oh, did I spell that right? Backwards.

• 58:10Speaker 04

  That's a loan. So that means we paid off our credit cards. Oh, what's the other factor, lady? What's the other factor? We saved on our minimum monthly payments and our interest. What's the other factor?

• 58:21Speaker 06

  The-

• 58:21Speaker 04

  What is it? What's the other factor?

• 58:23Speaker 06

  They both have interest.

• 58:25Speaker 04

  What's the other factor?

• 58:26Speaker 06

  They both have interest.

• 58:27Speaker 04

  What is it, girl?

• 58:27Speaker 06

  The years it takes to pay off.

• 58:28Speaker 04

  What's the other factor?

• 58:31Speaker 04

  What is it? What are we doing? What's the other factor? It's literally drawn in front of you. There's two options on this fucking whiteboard. What's the other factor? What is it?

• 58:44Speaker 04

  What is it?

• 58:45Speaker 06

  You'll have to tell me.

• 58:45Speaker 04

  Are you f- You then spend on the empty credit cards. Now you have double the fucking debt!

• 58:51Speaker 06

  Yeah.

• 58:53Speaker 04

  Are you serious? Are you serious? Come on! Oh, sorry. I'm just, it's Friday here. Losing my damn mind.

• 59:05Speaker 04

  Oh, and the, oh, so where?

• 59:09Caleb Hammer?

  We're gonna be here forever. Landmark. What'd you do with landmark?

• 59:12Speaker 06

  That's my car loan.

• 59:13Caleb Hammer?

  Oh, is it? What do you got? What do you? What'd you drive here in?

• 59:16Speaker 06

  It's a 2020 RAV4.

• 59:18Caleb Hammer?

  RAV4? I always see commercials on RAV4.

• 59:21Speaker 06

  Yeah.

• 59:22Caleb Hammer?

  Twenty six thousand, five hundred fifty three dollars, seventy six cents. I think you've made me, I think.

• 59:37Caleb Hammer?

  Oh, you betcha. What did you, uh, what's your little, uh, you know, minimum monthly payment on this car?

• 59:42Speaker 06

  Six oh four.

• 59:46Caleb Hammer?

  What is it?

• 59:47Speaker 06

  Six oh four.

• 59:47Caleb Hammer?

  That's fucking insane.

• 59:49Speaker 06

  I would love to refinance it, that my debt to income ratio.

• 59:54Caleb Hammer?

  Yeah, cuz you're literally stupid with your money. You build it all the way up to your credit limits at every single second. So no shit, that thing comes ratios fucking you. It's fucking you because you're fucking yourself because you don't know how to, you don't have to fuck yourself anymore. You have a husband now. Stop, stop, stop. Why do this? What's your interest?

• 1:00:11Speaker 06

  On that one?

• 1:00:13Caleb Hammer?

  On that one?

• 1:00:14Speaker 06

  On the, well, I mean, on that.

• 1:00:15Caleb Hammer?

  You don't have two cars, do you?

• 1:00:16Speaker 06

  Credit, no, no. I, I don't remember the interest off the top of my head.

• 1:00:20Caleb Hammer?

  You make me feel like I'm on fucking. What is the interest rate? Pull it the fuck off! Oh, there's a checking account in here as well. Twenty dollars. Twenty fucking dollars.

• 1:00:33Speaker 06

  Oh, that's just fifteen random dollars just sitting in there. It's not like a.

• 1:00:37Caleb Hammer?

  It is twenty, actually.

• 1:00:38Speaker 06

  I owe the twenty. That's like a credit.

• 1:00:40Caleb Hammer?

  That's what I said.

• 1:00:41Speaker 06

  Yeah.

• 1:00:41Caleb Hammer?

  I said, and your checking account is twenty dollars.

• 1:00:43Speaker 06

  Yeah, I haven't touched it.

• 1:00:45Caleb Hammer?

  And how much is it worth, do you think? Having a little.

• 1:00:47Speaker 06

  The twenty?

• 1:00:48Caleb Hammer?

  What do you think? Oh, yeah. No, no, the twenty six thousand eight hundred fifty three dollars. What do you think it's worth? I think the twenty is worth twenty. What do you think the twenty six thousand eight hundred fifty three dollars is worth? That car. Little car you're driving around that RAV4.

• 1:01:01Speaker 06

  Uh, the twenty, the car I got, are you asking how much the car is worth? Cause it's, I think it's.

• 1:01:11Caleb Hammer?

  Yes.

• 1:01:12Speaker 06

  The car, well, I got it for thirty twenty eight, but I think it'd probably only be worth like fifteen?

• 1:01:20Caleb Hammer?

  Nineteen, it is. Thank you. Whoa, gosh, that took you a long time to get there. Jeez, jeez.

• 1:01:25Speaker 06

  Mental math is not my strong suit.

• 1:01:26Caleb Hammer?

  No, it's just a question. It's an answer. You can just throw it at anything at this point. I don't give a fuck.

• 1:01:32Speaker 06

  The interest rate is nine point seven nine.

• 1:01:36Caleb Hammer?

  How much?

• 1:01:37Speaker 06

  9.79.

• 1:01:38Caleb Hammer?

  Oh, yeah. Okay, so you're losing it to the market then to depreciate an asset.

• 1:01:43Caleb Hammer?

  How's the car? What's the condition? How many miles?

• 1:01:45Speaker 06

  Mileage is about 50. Great condition. I haven't had any issues. I just do oil changes.

• 1:01:50Caleb Hammer?

  Good, good, good. 19,000?

• 1:01:55Caleb Hammer?

  We might sell it. We might borrow the difference. We have to get our credit cards or debt to income ratio a little better than you might sell. You might borrow the difference. You might have a 15,000 hour loan instead and you're getting a 10,000 hour car out of that 15,000 hour loan, 16, 17,000 hour loan, but that'll be better than a 26,000 hour loan and the interest rate will be pretty similar. It'll be like from nine to 12, but you're gonna pay it off quick anyway and we'll probably do that. Okay?

• 1:02:16Speaker 06

  Sell the car?

• 1:02:17Caleb Hammer?

  Oh, my fuck. Yes.

• 1:02:18Speaker 06

  I can sell it while I'm financing it?

• 1:02:20Caleb Hammer?

  Listen, listen, listen. You're gonna borrow the difference. You're gonna sell it. You'll make the money and, you know, use the money you borrowed for the difference to pay it off.

• 1:02:27Speaker 00

  Now, more than ever, we need someone on our side, but Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' healthcare to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee.

• 1:02:56Caleb Hammer?

  And you're using the 10,000 hours of the, you're borrowing 10,000, you're gonna get a 10,000 hour, what? Huh?

• 1:03:02Speaker 06

  My car's name is Teddy. I love Teddy.

• 1:03:03Caleb Hammer?

  I don't give a about Teddy, Teddy. It doesn't matter. You have a husband. You don't need to be fucking Teddy. Teddy's done. We're done with Teddy. Teddy's going to the pound. Pound. He's done. Teddy's done.

• 1:03:14Speaker 06

  I didn't even know that was an option. But, okay, we'll sell. We'll sell Teddy, I guess.

• 1:03:17Caleb Hammer?

  Everyone just has their car for the rest of their lives.

• 1:03:20Speaker 06

  I have a matching car with a coworker, so.

• 1:03:23Caleb Hammer?

  I don't know what the.

• 1:03:24Speaker 06

  I want to be able, it's a, it's a good bond we have. So.

• 1:03:28Caleb Hammer?

  Stop having these bonds. Stop having these bonds.

• 1:03:31Speaker 06

  Friends.

• 1:03:32Caleb Hammer?

  Bonds with our first credit card. Who gives a bond with our second credit card? Who gives a bond with our coworker friend? Who gives a husband bond, bond, bond? Okay, okay. What? Student loans? Is that what I'm looking at? Am I having a little look at student loans?

• 1:03:48Speaker 06

  Yeah, that'd be, that's my Experian credit report. So that's just all of the accounts ever.

• 1:03:55Caleb Hammer?

  Man, it's all just.

• 1:03:58Caleb Hammer?

  The individual student, oh, shit. Okay. I don't need all these. You were wrong about your numbers to the numbers, by the way, when I asked you. You know that?

• 1:04:09Speaker 06

  How much? How much is it?

• 1:04:11Caleb Hammer?

  Let's find out.

• 1:04:12Speaker 06

  Cause I thought it was about eighty or ninety.

• 1:04:15Caleb Hammer?

  Close around the second one.

• 1:04:18Speaker 06

  Higher?

• 1:04:27Caleb Hammer?

  Hundred and nine thousand, six hundred, sixty-three dollars. Social work, right?

• 1:04:31Speaker 06

  Yeah.

• 1:04:32Caleb Hammer?

  So much, everyone borrows so much and the income's actually not bad, but it's the income for the.

• 1:04:36Speaker 06

  Social work is just my masters. I got a different degree undergrad.

• 1:04:39Caleb Hammer?

  The usual general rule is for no matter the amount of schooling you do, your first year's income for the entry level position of whatever the degree you're getting is

• 1:04:50Caleb Hammer?

  should be more, if not equal than to what you borrowed for it. If you borrow more than that entry level, you done math wrong. That is the general rule.

• 1:05:00Speaker 06

  If we're just talking the masters, then.

• 1:05:02Caleb Hammer?

  But it is still, it's your entire, it's your entire borrowing for school. That's all that matters. With whatever you're going into, your entire borrowing. You don't separate it.

• 1:05:13Speaker 06

  Yeah, I don't know any social worker who makes above a hundred.

• 1:05:16Caleb Hammer?

  Exactly. That's why it's sometimes kind of a degree to get. Not that we don't need them. I get it. I understand it. It's a difficult situation. You gotta have the heart for it, but that's also why you grind the out of it with desperate scholarships, public institutions, in-state, community college for what we can. You gotta do it a smart way.

• 1:05:36Caleb Hammer?

  Okay, apparently this federal, apparently there's a private student loan somewhere. So actually you're federal. You were correct.

• 1:05:44Caleb Hammer?

  It is eighty-six thousand, nine hundred, sixty-eight. That is crazy. I didn't even know. I didn't even know that there's private. That's crazy. That's crazy. We've seen some people get some success working with like a, a company like Y refi for

• 1:06:02Caleb Hammer?

  potential refinancing. I don't think with, with, with your public service, I probably wouldn't do that. Are you probably trying to go for a but maybe for doctors, it'd be good. Dental people, but for you, no, you're probably going for the forgiveness, public student loan?

• 1:06:16Speaker 06

  Uh, you have to work for a nonprofit.

• 1:06:18Caleb Hammer?

  You're not going to?

• 1:06:19Speaker 06

  As of right now, I don't work for a nonprofit and I haven't been looking for any other jobs. Because you have to work full time in a nonprofit for ten years.

• 1:06:30Caleb Hammer?

  Yeah, I know, it's brutal. Sometimes the return on it's not even worth it if you make less than the nonprofit anyway.

• 1:06:34Speaker 06

  And that's kind of what I was looking at with, uh, if I was to transition to a nonprofit, I'd have a pay cut of like fifteen to twenty grand less a year.

• 1:06:44Caleb Hammer?

  What about government positions, though?

• 1:06:45Speaker 06

  Um, there are some state positions, but I don't think that's nonprofit. I mean, I could go back to.

• 1:06:50Caleb Hammer?

  Yeah, but you can qualify in government positions.

• 1:06:52Speaker 06

  This isn't necessarily like most forgiveness, but to help in paying off, I mean, I've worked at Starbucks several times. So I could always go back as a second job and kind of put stuff away.

• 1:07:03Caleb Hammer?

  Does Starbucks forgive? Are you saying to make more money?

• 1:07:05Speaker 06

  No, just to make more money to put towards. Because I love my job. I love my job and I don't want to leave where I'm at.

• 1:07:11Caleb Hammer?

  I'm not suggesting leaving your job either. I'm just saying with the amount of money, are you in, you don't owe, it looks like.

• 1:07:18Speaker 06

  Not yet. I start owing in May.

• 1:07:20Caleb Hammer?

  Okay, income driven?

• 1:07:22Speaker 06

  It's, I was in the save program.

• 1:07:23Caleb Hammer?

  Do they even accept that? Well, save programs, basically, dead.

• 1:07:25Speaker 06

  Yeah, it's dead. I was in the income driven and then twenty twenty hit and I don't really, I didn't.

• 1:07:33Caleb Hammer?

  Well, it's probably gonna be like a nine hundred fifty dollar payment, right?

• 1:07:39Speaker 06

  Uh, no.

• 1:07:40Caleb Hammer?

  So you're on some kind of program then?

• 1:07:42Speaker 06

  Yes, I'm, I'm still in a program. I just remember hearing the save program went away, but.

• 1:07:48Caleb Hammer?

  Tell me what payment is doing. I'm gonna move on while you look that up.

• 1:07:52Speaker 06

  All right.

• 1:07:52Caleb Hammer?

  First mark, oh, what is this?

• 1:07:55Speaker 06

  That's the private student loans.

• 1:07:56Caleb Hammer?

  Oh, these are the private? Oh.

• 1:08:00Caleb Hammer?

  Yeah, oh, twenty two thousand seven hundred fifty dollars and thirty cents. Kill me now. That's an insane with a two hundred forty dollar monthly payment and ninety six cents.

• 1:08:12Caleb Hammer?

  How much interest accrues on a monthly basis? Does that enough to take care of this?

• 1:08:15Speaker 06

  It's a different interest rate per loan.

• 1:08:18Caleb Hammer?

  Well, six and ten, six, ten and nine. Okay, hold on. Yeah, technically you're paying above the interest that is accruing on here, but it's gonna be a slow grind. It is gonna be a slow grind to pay these off, I'm gonna tell you.

• 1:08:38Caleb Hammer?

  How'd you go through school? How'd you decide to do it? Undergrad and everything. How'd you do it?

• 1:08:43Speaker 06

  Uh, both schools were private schools.

• 1:08:45Caleb Hammer?

  Well, there you.

• 1:08:48Caleb Hammer?

  You can do social work for cheaper.

• 1:08:50Speaker 06

  Well, I didn't go into my undergrad thinking I wanted to do social work. I figured that out at the end of my senior year of college. I studied pastoral ministries.

• 1:08:58Caleb Hammer?

  At private?

• 1:08:59Speaker 06

  Uh, yes.

• 1:09:00Caleb Hammer?

  Well, that has to be.

• 1:09:01Speaker 06

  It was, it was a private Christian school. Yeah.

• 1:09:04Caleb Hammer?

  What?

• 1:09:05Speaker 06

  And I studied, uh.

• 1:09:06Caleb Hammer?

  In Minnesota?

• 1:09:07Speaker 06

  No, in Washington, Seattle, Washington.

• 1:09:11Caleb Hammer?

  Okay. Well.

• 1:09:14Speaker 06

  It's still loading. But yes, I studied in Seattle, Washington for my undergrad. And then started my masters in 2021. I got a graduate assistant.

• 1:09:23Caleb Hammer?

  So either way, you were going for a career that didn't make a lot of money. Okay.

• 1:09:27Speaker 06

  Yeah. The undergrad, um.

• 1:09:30Caleb Hammer?

  At private institutes?

• 1:09:32Speaker 06

  Yes.

• 1:09:37Speaker 06

  I've always wanted to just follow what I'm passionate about and just.

• 1:09:39Caleb Hammer?

  Sure, but you can do it in a smart way. I followed what I was passionate about. I leveraged to get some scholarships. I did what I was passionate about. I was able to, I did borrow student loans, but I was getting a better return on investment with the money I was making. I still made money through my music compositions. You went private. You borrowed over six figures of fucking student loans for degrees that do not pay that. I dropped out. I was dumber.

• 1:10:06Caleb Hammer?

  Maybe not, though. I didn't get six figures of debt.

• 1:10:08Speaker 06

  I think my scholarship's probably equal to about 30% of my tuition and then the rest I had to pull out.

• 1:10:14Caleb Hammer?

  Pull out?

• 1:10:15Speaker 06

  For loans. Like I had to pull out loans to cover the rest of my tuition.

• 1:10:21Caleb Hammer?

  All right. What do you think that now, now, now that payment's gonna be?

• 1:10:25Speaker 06

  Uh.

• 1:10:25Caleb Hammer?

  Just think, what do you think?

• 1:10:26Speaker 06

  In the.

• 1:10:26Caleb Hammer?

  It's obviously an outloading. So what do you think?

• 1:10:28Speaker 06

  In the past, it was 187. As long as I can still qualify well for.

• 1:10:34Caleb Hammer?

  Seventy-seven dollars.

• 1:10:34Speaker 06

  Probably 250, final answer.

• 1:10:36Caleb Hammer?

  No, no, no. Two fifty? What? Okay, whatever. Two fifty. Checking account, thirty-three dollars. Savings account, forty-four dollars.

• 1:10:44Speaker 06

  Yeah.

• 1:10:45Caleb Hammer?

  It's all, oh, oh, my, oh, my, here we are. Here we go. You, hmm, good. I'm glad you gave me time to calm down since the stupid shit from before. I'm kidding you. It's all, it's all just damn pages of purchases. It's all just bull purchases. It's all, look at that. Just look at it. Look at this, guys. Look what I am dealing with here. Something that is in full control saying, I'm gonna do this. I wanna do this. I wanna get out of debt. I'm gonna get out of debt. But then I look here, it's all just, it's all just, it's all just shit.

• 1:11:17Speaker 04

  Dutch Bros, Amazon, Zellin' Out 500, Hat Creek Burger, Raising Games, Dutch Bros, Burger King, Dutch Bros, Domino's, DSW, Domino's, Good thing we only have thirty-three dollars and a check to go, Venmo now ten dollars, Dutch Bros, DoorDash KFC, DoorDash KFC, DoorDash KFC, we're DoorDashing it, DoorDash, I wanna pay off all my debt, I have six acres of student loans and a private institute where I'm not making enough money to even justify it, and I'm DoorDashing KFC, Jack in the Box, Amazon, Olive Garden, First Watch, which is breakfast, Amazon, Nintendo, Nintendo, forty-five, no, that's four dollars and a first sense,

• 1:11:58Speaker 04

  Dutch Bros, DoorDash and Burger King, Burger King, who the even eats Burger King? It is Burger King, nobody goes to Burger King.

• 1:12:06Speaker 06

  Burger King, but it, it, most of that is because...

• 1:12:09Speaker 04

  He makes no money, he shouldn't be spending anything anyway, DoorDash and Burger King.

• 1:12:11Speaker 06

  Most of that, I just get tired after work, I don't wanna go home and like, cook a whole meal, I don't know, there's kinda stuff that I just stop along the way.

• 1:12:20Speaker 04

  I don't care, don't fucking meal prep, meal prep, meal prep, meal prep, meal prep, tired. You microwave it, it's easier than going to a fucking drive-thru and putting your buttons on a nap, you put your buttons on a microwave, Venmo now forty dollars, Domino's Pizza, Amazon, Domino's, um, Nada's Bar, Water Express, Water fucking Express, we're getting express water, can't even drink anymore.

• 1:12:44Speaker 06

  I'm pretty sure that's a...

• 1:12:45Speaker 04

  Drink anymore, DoorDash and Burger King, Burger King, Burger King. Well, the gas wasn't gas then, cuz it was very cheap, it was one of the just... Popeyes DoorDash, Popeyes DoorDash, we're getting Popeyes.

• 1:12:57Speaker 00

  Now, more than ever, we need someone on our side, but Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked three hundred fifty thousand Virginians' healthcare to pay for tax breaks for himself and his donors, he's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor, she's for us. Paid for by HMP, the House Majority PAC dot com, not authorized by any candidate or candidate's committee.

• 1:13:26Speaker 04

  DoorDash, don't worry guys, we're back with Burger King DoorDash, then we're DoorDashing Wingstop cuz we have to DoorDash every fucking second of our life. Domino's, Dash Bros, Dash Bros, Venmo now fourteen dollars, Dash Bros, guys, we really wanna pay off that, we're really gonna pay off that, Torches, McDonald's, Steam, fucking Games.

• 1:13:45Speaker 04

  Domino's, McDonald's, Taco Bell, Torchy's, Culvers. And I love me a Culvers, don't get me wrong. Penny with a twist. You know what a really good twist in this would be? Being a f***ing adult. That'd be an incredible twist, I would love to see that. Dutch Bros, Taco Bell, Dutch Bros, Door Dashing Mighty Fine Burgers, Taco Bell, McDonald's, what the f*** is this? What a joke! What a joke! What a f***ing joke. Jeez. Say, what are we doing? What are we doing? That's crazy, $838 of fast f***ing food. Nearly a thousand dollars. You ask me, there's no way I could've spent more than I made. There's no way, there's no way we're in the room. Get out of the f***ing room!

• 1:14:32Speaker 06

  We've cut down recently, I think.

• 1:14:33Speaker 04

  No, shut the f*** up. If this is cutting down, I'm gonna f***. I ain't gonna s-

• 1:14:40Speaker 06

  Not that cutting down, I mean since that point.

• 1:14:43Speaker 04

  Oh, shut the f*** up! Oh, I know, I'm coming on Financial Auto, so I'm gonna do okay for a week? Come on! That's the usual, that's an infinity f***ing stone. Oh, that is bingo. Ding ding ding ding ding ding ding ding ding ding ding ding! Guys, I did better for a week before I went on the show where I knew my finances were gonna get a little bit cold. Shut the f*** up!

• 1:15:04Speaker 06

  I don't think either of us realized it was that much. So, now that we know it's that much, I mean, it's not gonna...

• 1:15:14Speaker 04

  Chase $1.90.

• 1:15:18Speaker 04

  It's more!

• 1:15:27Speaker 04

  I'm gonna f***ing retire. Door Dashing Wingstop, Torchy's, Door Dash, Dutch Bros, Apple Bill, Door Dashing Torchy's, McDonald's, Door Dashing First Watch, Breakfast. McDonald's, Apple, Dutch Bros, Spotify, Ben Wayne Out, $10. Stop!

• 1:15:47Caleb Hammer?

  All well, can step mommy and daddy in law take care of us.

• 1:15:54Speaker 06

  Just the groceries.

• 1:15:56Caleb Hammer?

  Yeah, just the groceries. Yeah, you have groceries taken care of. You spend $900 going out to eat on a monthly basis and you literally get free food. Fuck you.

• 1:16:06Caleb Hammer?

  Stupid, stupid, I'm pissed, I'm pissed. That's the dumbest, most entitled bull I've ever heard in my entire life. That's so fucking stupid. That is so stupid. I'm gonna have to, between here and the post show, I need to like step aside for a second. So fucking stupid. This is so stupid. Your minimum monthly payments, minimum monthly payments is $1,797.78. Meaning that is

• 1:16:36Caleb Hammer?

  a loan 40% of your fucking net income. Your rent, you do a thousand, because apparently we're separate. No, I did household. I did household. So we're doing the full monthly stupid expenses. What's his student loans on a monthly basis?

• 1:16:51Speaker 06

  Student loans right now, 240.

• 1:16:53Caleb Hammer?

  For him?

• 1:16:54Speaker 06

  Oh, for him, uh, I think

• 1:16:58Speaker 06

  three something?

• 1:17:01Caleb Hammer?

  350. Okay, rent, $2,000, utilities, total?

• 1:17:04Speaker 06

  Uh, usually 150 to 200 a month.

• 1:17:07Caleb Hammer?

  200, internet?

• 1:17:08Speaker 06

  Uh, it's covered by the rent.

• 1:17:12Speaker 06

  Our complex covers.

• 1:17:13Caleb Hammer?

  Phone bill!

• 1:17:14Speaker 06

  Um, one...

• 1:17:17Caleb Hammer?

  Why? Why would it be in the three digits?

• 1:17:20Speaker 06

  I think it's 140 something.

• 1:17:22Caleb Hammer?

  I live here, T-Mobile has good service, switch to helium 15 dollars a month. What the fuck?

• 1:17:27Speaker 06

  I had T-Mobile and then I switched to AT&T because

• 1:17:29Caleb Hammer?

  Congratulations, you can't afford it. 150, you said?

• 1:17:32Speaker 06

  Uh, yes, roughly.

• 1:17:33Caleb Hammer?

  Uh, when you pay that off, then you can switch. Gas, vroom vroom, drive, drive for both of you. How much?

• 1:17:39Speaker 06

  Like one fifty a month.

• 1:17:40Caleb Hammer?

  For both?

• 1:17:41Speaker 06

  Yeah, we don't.

• 1:17:42Caleb Hammer?

  Car insurances, both.

• 1:17:44Speaker 06

  Um, he doesn't pay his car insurance. I pay about a just switch so I could save eighty dollars. About one seventeen, yeah, one seventeen.

• 1:17:56Caleb Hammer?

  No groceries. TP fund, anything else for you guys to survive?

• 1:17:59Speaker 06

  We can budget groceries, because...

• 1:18:01Caleb Hammer?

  Two hundred dollars for TP fund. Medical, healthcare, anything on a monthly basis?

• 1:18:05Speaker 06

  Um, it's about to end. I was paying sixty-two a month, um, but that, I think I have one or two months left. And there's no interest on it. Um, the other one, I don't know what's happening with it.

• 1:18:19Caleb Hammer?

  What?

• 1:18:19Speaker 06

  The medical.

• 1:18:20Caleb Hammer?

  Medical what?

• 1:18:22Speaker 06

  Uh, there was, I had to go to the ER last...

• 1:18:25Caleb Hammer?

  Medical debt?

• 1:18:26Speaker 06

  This time last year, and I didn't have insurance.

• 1:18:27Caleb Hammer?

  Medical debt?

• 1:18:29Speaker 06

  Yes, I thought that's what you were asking. But health insurance just comes out of my paycheck, so that forty-six is...

• 1:18:34Caleb Hammer?

  Yes, but like, I'm doing appointments and medications.

• 1:18:38Speaker 06

  Uh, there's not like a monthly thing for that.

• 1:18:45Caleb Hammer?

  No subscriptions for either of you. Pet insurance, I'll do ninety. Pet food, how much on a monthly basis?

• 1:18:51Speaker 06

  Uh, monthly is probably about one sixty, but, yeah, it's usually every other month, so I...

• 1:19:04Caleb Hammer?

  I'm so glad we're at the end of this. Anything else that needs to be in your household budget that I have not taken into account? Anything else that needs to be in your household budget that I have not taken into account?

• 1:19:15Speaker 06

  Uh, that should be all that we spend.

• 1:19:19Caleb Hammer?

  You have an extra, I'm gonna call seven hundred fifty dollars on a monthly basis. Little room.

• 1:19:26Caleb Hammer?

  How much in student loans does he have?

• 1:19:30Speaker 06

  I, I don't know.

• 1:19:31Caleb Hammer?

  What do you think?

• 1:19:33Speaker 06

  Probably thirty-something.

• 1:19:37Caleb Hammer?

  Call thirty-five thousand. So, one hundred ninety-five thousand, six hundred four.

• 1:19:42Speaker 06

  I don't know.

• 1:19:48Caleb Hammer?

  Takes 260 months to pay off your debt.

• 1:19:51Caleb Hammer?

  Or 21 years. Increases income. Pay it off in 10 years.

• 1:20:00Caleb Hammer?

  Declare bankruptcy.

• 1:20:04Caleb Hammer?

  And I'm done.

• 1:20:06Caleb Hammer?

  I'm done with this conversation. You lied. You've misrepresented. You gave horrible answers. What the? I don't understand. I am being a dick right now, but I'm done. I don't want to be here. I don't want to be here. I am a person in the end. I don't want to be here.

• 1:20:24Caleb Hammer?

  20 years to pay off.

• 1:20:27Caleb Hammer?

  Go public sector, get that vast majority forgiven. Make him go public sector, get the forgiven 10 years, blah, blah, blah. Figure that out. Maybe it takes five years to pay off the rest of the debt. You can do that. Go through bankruptcy, student loans wouldn't be included in that, and that's your biggest chunk. So don't do that.

• 1:20:42Caleb Hammer?

  You know?

• 1:20:44Speaker 06

  If we declare bankruptcy, though, we can't like get a house in the. Eventually down the line.

• 1:20:50Caleb Hammer?

  You're thinking of getting a house.

• 1:20:52Speaker 06

  Eventually.

• 1:20:54Speaker 06

  Oh, in.

• 1:20:55Caleb Hammer?

  20 years?

• 1:20:56Speaker 06

  We're moving and rent will be a lot cheaper. We're going.

• 1:20:58Caleb Hammer?

  There you go. Cut down on rent. There you go. That does a lot. Double his income, get your raises, work part time. We could probably get this done in about seven years. It is going to be a grind. It is going to be a slog. You better come back on the follow up channel. You better show me. I'm sorry. I'm done with this conversation. I can't do more. Seven years, I think you could do that. Cut the rent, increases income to pick up a second job. Okay. Join us in the post show where I. Myself.

• 1:21:25Speaker 06

  The state of Wisconsin. Dollars. Last year.

• 1:21:28Caleb Hammer?

  Cause you didn't pay your.

• 1:21:30Speaker 06

  I didn't know that they weren't getting taken.

• 1:21:32Caleb Hammer?

  You didn't pay your taxes is why mommy and daddy had to come in and pay for your own.

• 1:21:39Speaker 06

  That was.

• 1:21:41Caleb Hammer?

  You're putting payments at the end of your car loan.

• 1:21:43Speaker 06

  Well, so.

• 1:21:43Caleb Hammer?

  You're winning. Just get what? Just one mispayment. Just one mispayment this year. To watch the financial audit post show, click the join button below.

• 1:21:53Speaker 00

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee.