I Had To Kick This Dipsh*t Off Financial Audit

I had to kick him off... and then the producers come in and tell me even *MORE* - texes, mug throwing, ENDLESS BS!!!! Watch here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶▶Download my *budgeting app* today: *Apple:* https://apple.co/4iChGhr *Google Play:* https://bit.ly/sb-googleplay Don't overcomplicate this crap! All you need is an automated / SIMPLE budget. This comes with automatic account connections, my budget-friendly cookbook, an online community, and exclusive discounts on my products- change your financial future *NOW* ▶▶▶ *AND REMEMBER* those who sign up for Simpler Budget Premium *annual* get a signed versions of the Cook Book and Simpler Budget Founders Edition Journal, just send proof of annual here: https://tally.so/r/3xzPq5 Use Yrefy to refinance your private student loans today at: https://yrefy.com/hammer or call (888) Yrefy-78 You’re 30 seconds away from being debt free with PDS Debt. Get your free assessment and find the best option for you at https://PDSDebt.com/hammer ▶▶▶Download my *budgeting app* today: *Apple:* https://apple.co/4iChGhr *Google Play:* https://bit.ly/sb-googleplay ▶ Watch this episode's *POST* *SHOW* + get *MORE* Financial Audit here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ___________________________________________ ▶EDUCATION: *FINANAL LOW PRICE CHANCE* 1. *LAST CALL FOR 40% OFF TOTAL DISCOUNT* Bundle my budgeting, debt, investing and real estate program https://calebhammer.com/classpack/ 2. *LAST CALL FOR 25% OFF* The best budgeting program online: https://calebhammer.com/budget 3. *LAST CALL FOR 25% OFF* Get my investing class and I’ll give you a $100 moomoo cash reward: https://calebhammer.com/investing 4. *LAST CALL FOR 25% OFF* Win with GOOD debt and get out of BAD debt correctly, learn in my debt program: https://calebhammer.com/formula 5. *LAST CALL FOR 25% OFF* Everything you need for buying your first home to buy your first investment property: https://calebhammer.com/realestate/ 6. Get your own free Hammer Financial Score: https://www.calebhammer.com ___________________________________________ ▶RESOURCES 1. Checking & Savings: Get up to 3.80% APY, pay no account fees, and earn up to $300 when you sign up and set up direct deposits. Terms apply: https://creator.sofi.com/c/5535481/2068695/19219?adcampaignid=bank&adnetwork=brand *affiliate link 2. Click this link https://j.moomoo.com/Caleb to get up to $150 in Cash Rewards from moomoo U. S when you make a qualified deposit + earn 8.1% on uninvested cash for a limited time for new users!! Terms and Conditions apply. Securities are offered through Moomoo Financial Inc. (MFI), Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with MFI and their experiences may not be representative of other moomoo users. Investing is risky. 3. Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 4. CourseCareers: Land a high-paying job with no experience or degree by going through an affordable online course https://coursecareers.com/CalebHammer 5. The credit building debit card: First 100,000 people to sign up for Fizz with code: HAMMER10 get $10: https://www.joinfizz.com/caleb (paid ad) 6. Advising: Book your free strategy session https://dmnmny.co/caleb to work with Adrianna or any of the other CFPs at Domain Money today! 7. Helium Mobile: save a ton on your phone bill, sign up and get a FREE plan when using promo code CALEB https://hellohelium.com/ 8. Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer 9. Therapy: Make SonderMind your mental health home in 2025. Sign up at: https://pages.sondermind.com/caleb/ 10. Build you own stan store: https://www.stan.store/?ref=CalebHammer Learn more about your ad choices. Visit megaphone.fm/adchoices

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

• 0:01Speaker 00

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• 0:27Speaker 01

  Your sausage McMuffin with egg didn't change, your receipt did. The sausage McMuffin with egg extra value meal includes a hash brown and a small coffee for just $5. Only at McDonald's for a limited time.

• 0:40Speaker 02

  Pricing participation may vary. Promotion pricing may be lower than meal pricing.

• 0:42Caleb Hammer?

  To watch episodes of Financial Audit a week earlier, check us out on YouTube. You're not willing to admit once when you might be wrong. Because right now, it's nothing but failure.

• 0:51Speaker 04

  Everything I've invested in, I've made money on. Like if you check my Robinhood account.

• 0:55Caleb Hammer?

  Can't acknowledge you're wrong. You're an absolute dumb [BLEEP] when it comes to all of this. But if you come here and think I was gonna stroke your little [BLEEP], egotistical entrepreneurial [BLEEP].

• 1:05Speaker 04

  I feel like some of it's justified.

• 1:06Caleb Hammer?

  You're [BLEEP] lost, man. You're lost. You need a therapist and a mother that loves you.

• 1:13Caleb Hammer?

  Download my new Simpler Budget app today and take control of your money once and for all. And as an extra limited time only bonus, I will give you a signed version of my budget friendly cookbook for free when you sign up for Simpler Budget Premium Annual.

• 1:29Speaker 04

  Hi, my name is Benji. I'm 25 years old, from Los Angeles, California, and this is Financial Audit.

• 1:36Caleb Hammer?

  Thanks for coming in, man. I know it's a decent trip there. What do you do in LA for a living? It's an expensive city.

• 1:43Speaker 04

  Yeah, no, it's rough, but I definitely have a job I absolutely love working at.

• 1:46Caleb Hammer?

  I definitely have a job. Good.

• 1:50Speaker 04

  I do. I do have a job. If I wouldn't be a little bit of a problem. I kinda do like classic car restoration, as well as contracts for the city. It's a little bit of both, kinda depending on the day, but mainly the contracts for the city are what brings in the money. We're trying to do a classic car restoration business kinda on the side of it, so. It's fun. It's super fun. I'm trying to get a trying to get more into like the mechanic side of things.

• 2:15Caleb Hammer?

  You look like the man version of the alien that makes the clones that Obi-Wan talked to in episode two.

• 2:21Speaker 04

  I'm just starting to watch Clone Wars like right now. That's actually so funny. You bring that up.

• 2:25Caleb Hammer?

  Maybe that's why it's you're converting into one. Okay. So how much do you make in this job?

• 2:31Speaker 04

  I make 26 an hour and then depending.

• 2:34Caleb Hammer?

  Ah, LA though, it's so expensive. How many hours a week do you work?

• 2:38Speaker 04

  Uh, I try and get to 40. I kind of struggle getting to 40 right now. I feel like my car has been kind of stopping me from doing that. I just have.

• 2:45Caleb Hammer?

  What?

• 2:45Speaker 04

  Uh, I'm actually, like I said, I am a mechanic, so I've had water pump issues. I had to change a PC.

• 2:50Caleb Hammer?

  You're a mechanic.

• 2:52Speaker 04

  Mm hmm. Yeah, it's still.

• 2:53Caleb Hammer?

  Gives you an upper hand.

• 2:54Speaker 04

  Yeah, but it still costs money to actually get those parts.

• 2:57Caleb Hammer?

  It does. So what's, so what's wrong then? What, what's, what's it's undrivable sometimes?

• 3:02Speaker 04

  Some, yes, actually has been, um, I wouldn't say often, but I've had to borrow my grandma's car.

• 3:08Caleb Hammer?

  Oh, there you go. So what's the issue then?

• 3:10Speaker 04

  That one also broke down on me. So, yeah.

• 3:13Caleb Hammer?

  And your work's not upset of you? You're just like endlessly like, oh, can't come, oh, can't come, oh, can't come, oh, can't come.

• 3:18Speaker 04

  They're super understanding. That's the good thing.

• 3:19Caleb Hammer?

  Yeah, but for how long? Oh, can't come.

• 3:22Speaker 04

  Yeah, we'll see about that. I mean, like I said, those contracts are actually like set in stone. So there's not actually a time where I like have to be there 40 hours a week. It's more for my sake, like having to make the money. Actually, you know, obviously I should be working 40 hours a week. But they actually don't require me to do like too much on like on hand, actually.

• 3:41Caleb Hammer?

  Yeah, but you want to work 40 hours a week because you make hourly.

• 3:43Speaker 04

  Yes.

• 3:43Caleb Hammer?

  It's not more. So it hits your account on a monthly basis then. How many hours a week are you on average actually working?

• 3:50Speaker 04

  On average, I get around 30. So.

• 3:52Caleb Hammer?

  In LA, I filmed with two people ever from LA.

• 3:57Speaker 04

  Mm hmm.

• 3:58Caleb Hammer?

  Both 30 hours a week in the $20 range in the twenties per hour.

• 4:08Caleb Hammer?

  How the are people surviving?

• 4:12Speaker 04

  Definitely, uh, I feel like it's just a little bit of, uh, like, you know, finagling, finessing a little bit here and there.

• 4:18Caleb Hammer?

  What are you finagling?

• 4:21Speaker 04

  I feel like if you cut corners in certain spots, you can, you know.

• 4:25Caleb Hammer?

  Cutting corners? What are you cutting corners on?

• 4:27Speaker 04

  Like, you know, I mean, I don't really like, I don't feel like I have like a crazy appetite. Like, I feel like I don't eat too much.

• 4:32Caleb Hammer?

  You spend eight hundred hours going out to eat. Shut the up.

• 4:34Speaker 04

  I have like one good meal.

• 4:36Caleb Hammer?

  Eight hundred hours going out to eat. Shut the up. Eight hundred hours going out to eat. Shut the up.

• 4:42Speaker 04

  So, yeah, I'm not really sure what the cutting corners are. I mean, I know they're definitely.

• 4:46Caleb Hammer?

  Go. Immediate backtrack. Okay. Yeah. Yeah, I looked at the spreadsheet as I was sitting down.

• 4:55Caleb Hammer?

  Eight hundred hours going out to eat, basically.

• 4:57Speaker 04

  I mean, yeah.

• 4:58Caleb Hammer?

  I'm cutting corners on eating. Well, I don't even eat much. Spends eight hundred hours going out to eat. What the fuck?

• 5:03Speaker 04

  I would have been spending a lot more if I actually ate like a full three meals a day in LA. I feel like it would be probably like twenty four hundred dollars.

• 5:11Caleb Hammer?

  Or you could grocery shop.

• 5:13Speaker 04

  I feel like I do grocery shopping from time to time. It's just.

• 5:16Caleb Hammer?

  From time to, I feel like I do go, what the, what are you saying, buddy? I don't want to brutalize you out of the gate. What, what is, I feel like I grocery shop? What, like, I feel like a grocery shop, or even worse, what is the, yeah, I'm cutting corners to actually, you know, make things work as, and I'm not really eating. Shut the, that's not true. Immediately, that's the one thing I looked at as I sat down. Other than that, I'm going in this blind. I'm, I was like, I'm curious, what is this dude eating now? You know, what is this dude eating now? I don't know why. Usually I actually don't look at that, but when I'm sitting down, but I looked at it specifically.

• 5:48Caleb Hammer?

  And it had to be the one thing you immediately just tried to bullshit on? Come on, you're sitting here, you've came from LA, what the?

• 5:58Speaker 04

  Yeah, I mean, you know, I was, I feel like, I feel like food is one of the things that is like, kind of like, you know, like you get a little bit of an excuse, a little bit of a pass on it. I was a chef and, you know, I feel like it is like, I can cook.

• 6:12Caleb Hammer?

  Were a chef?

• 6:13Speaker 04

  Mm-hmm, I was a chef, yeah, I mean.

• 6:14Caleb Hammer?

  Are we talking fucking Applebee's or what are we, what are we doing here? You're 25.

• 6:19Speaker 04

  It was an Italian restaurant. I mean, if you want to actually know the name, you know.

• 6:22Caleb Hammer?

  I don't, but I'm assuming it's Olive Garden.

• 6:24Speaker 04

  It was not, it was, it was fine dining. It was, you know, I learned how to actually do proper prep and, you know, make good quality food, but.

• 6:32Caleb Hammer?

  Sure, sure. Which means you could cook at home is what I'm hearing.

• 6:36Speaker 04

  It's the.

• 6:36Caleb Hammer?

  Versus, I'm a chef, so that'll excuses me to go get McDonald's every day?

• 6:42Speaker 04

  It's the time that takes to actually make those meals, I feel like.

• 6:46Caleb Hammer?

  Meal prep.

• 6:47Speaker 04

  Who likes meal prepping in reality?

• 6:49Caleb Hammer?

  No one. Who likes dying in poverty? Apparently you.

• 6:53Speaker 04

  I wouldn't say I'm dying yet, but you know.

• 6:55Caleb Hammer?

  Yeah, but you're on your way. You're mid twenties. You're gonna be the person mid thirties who can't afford, well, you're the person in your mid twenties who can't afford a car repair. I E. The car that gets you to the job that gets you that I really pay because you live in a thriving city. So I think you've already put your cycle in the cycle of fuck you.

• 7:12Speaker 04

  I don't think so. I feel like, you know.

• 7:14Caleb Hammer?

  What? Oh.

• 7:15Speaker 04

  I feel like, I feel like being on like.

• 7:18Caleb Hammer?

  Defensive, defensive man, okay.

• 7:19Speaker 04

  Being on the edge right there is like a smart thing to kind of, you know.

• 7:23Caleb Hammer?

  What?

• 7:23Speaker 04

  Like.

• 7:23Caleb Hammer?

  Being on the edge of what?

• 7:25Speaker 04

  Like, I feel like living on the edge, it's fun. It's kind of like.

• 7:28Caleb Hammer?

  It's fun not being able to get to work. Hi, boss, I can't come in.

• 7:31Speaker 04

  I mean, that part's interesting, you know, but it's, you know.

• 7:34Caleb Hammer?

  Yeah, what an edge. That's so good.

• 7:36Speaker 04

  Figure out at that point, like, oh, okay, I think my car broke down. Now I gotta figure out how to make that extra money. How do I get a little side hustle going? How do I, you know?

• 7:43Caleb Hammer?

  Why make your life?

• 7:47Caleb Hammer?

  Why make your life hard mode? I don't understand.

• 7:50Speaker 04

  I don't think I put myself on like hard mode, but I feel like, you know.

• 7:53Caleb Hammer?

  But you're saying it's interesting. It's fun. What are you talking about? It's not fun to, well, I'm assuming you probably spend more than you make on a monthly basis. You're on the show, so you probably do. I'm assuming you have a lot of bad debt. You do. Okay. Yeah, that's fun. What's your retirement?

• 8:08Speaker 04

  I feel like I don't have any retirement.

• 8:10Caleb Hammer?

  Oh, so fun.

• 8:12Speaker 04

  I feel like it's a, it's a good challenge. Like, let's say, you know.

• 8:17Caleb Hammer?

  It's a challenge, but you're not fucking trying to complete it.

• 8:20Speaker 04

  I would say that I am. I would say if I looked at myself from a, from like a two-year past standpoint to now.

• 8:28Caleb Hammer?

  Why the fuck are you here, huh?

• 8:32Speaker 04

  I definitely feel like there's change that's possible. And I always feel like everyone's capable of change. So I definitely think, like I said, from two years to now, I have changed so much, for sure. So.

• 8:44Caleb Hammer?

  Worse?

• 8:45Speaker 04

  No, for the better. Absolutely for the better. Man, if I came on this show two years ago, it would have been, it would have been terrible. I feel like I wouldn't even have known what to even.

• 8:55Caleb Hammer?

  Cool, how much did you spend last month?

• 8:57Speaker 04

  Um, last month, I would say probably like around 2,000 to 3,000.

• 9:03Caleb Hammer?

  Hmm?

• 9:04Speaker 04

  2,000 to 3,000.

• 9:05Caleb Hammer?

  Okay. So what hits your account on a monthly basis? So let's start there. Yeah. I mean, what cash is being deposited, by the way? Cause there's cash being deposited.

• 9:17Speaker 04

  So that was a Zelle payment, if I'm correct?

• 9:19Caleb Hammer?

  Nope. That would be Zelle. What cash is being deposited?

• 9:23Speaker 04

  Um, I'm not even really sure what that cash deposit is.

• 9:26Caleb Hammer?

  Okay, I had 1,700 dollars hitting your account from, what looks like your income. What hits your account on a monthly basis with your income?

• 9:35Speaker 04

  Uh, depends, like I said, on the range that I work.

• 9:38Caleb Hammer?

  Average guy.

• 9:39Speaker 04

  I would say like 2,400, something like that.

• 9:41Caleb Hammer?

  Okay, 2,400. Let's say 2,400 hits your account on a monthly basis. And you think you spent 3,000?

• 9:47Speaker 04

  Yeah, about something like that.

• 9:49Caleb Hammer?

  Okay. Which is you improving?

• 9:53Speaker 04

  I feel like from before, absolutely.

• 9:55Caleb Hammer?

  So we're gonna pat ourselves on the back for overspending by 600? Woo! I'm fucking destroying my life!

• 10:04Caleb Hammer?

  But at least it's not What? What are you talking about?

• 10:07Speaker 04

  I mean, I feel like that is kind of a valid argument.

• 10:10Caleb Hammer?

  No, it's not a valid, okay, then you're never gonna get anywhere, then I don't know what the talking about.

• 10:14Speaker 04

  I feel like there are people that are in worse situations.

• 10:16Caleb Hammer?

  There are. Why does that mean you can be in a bad situation, but because it's not the worst situation, your situation is all of a sudden good? It's not. Why is you not living your best life? Okay, because other people have it worse.

• 10:28Speaker 04

  I'm not saying my position's good, but I'm saying it's not.

• 10:30Caleb Hammer?

  Really? You just said it was a valid argument.

• 10:31Speaker 04

  It is a valid argument. I'm saying it's not a bad position, but it's not good. I'm not sitting here saying like.

• 10:36Caleb Hammer?

  It is a bad position. You spent more than you made. You spent $3,304. So if $2,400 comes in, you spent $900 more than you make on a monthly basis. In fact,

• 10:48Caleb Hammer?

  of the $2,400 that comes in, you spent 37% more than comes in. You spent 37% more than comes in on a monthly basis.

• 10:58Caleb Hammer?

  And that's not bad.

• 11:03Caleb Hammer?

  The is LA?

• 11:07Speaker 04

  I feel like we can both agree on that one for sure. LA is definitely.

• 11:11Caleb Hammer?

  What are we talking about here today? Guy?

• 11:15Speaker 04

  You know, I mean, I just feel like I got like a, I feel like what I mean by like living on the edge, I feel like I have like a nice complicated.

• 11:23Caleb Hammer?

  What is this obsessive edge? Dude, what are we talking about? Tell me, what are we looking at today? What is your life?

• 11:31Speaker 04

  I have a pretty complicated living situation, so I feel like, you know, at the moment, it's actually not bad, but you know.

• 11:38Caleb Hammer?

  Okay, what? What's going on?

• 11:40Speaker 04

  I feel like if I have, if I were to have to move, I feel like it would get a lot worse right now. But at the moment, my living.

• 11:47Caleb Hammer?

  What does that mean? Are you like living with your parents or something?

• 11:49Speaker 04

  No, I mean, I live, I'm kind of living in like a family apartment. So like I've had this apartment in my family for like 30 years.

• 11:56Caleb Hammer?

  The rent controlled?

• 11:57Speaker 04

  Yeah. Mm hmm. So my dad lived there since he was, man, 20 with my mom. And then my brother moved in and no wonder they don't build housing there. Who would have thought?

• 12:05Caleb Hammer?

  Mm hmm.

• 12:06Speaker 04

  It's almost like the places with that policy have the most expensive rent.

• 12:10Speaker 04

  Yeah, so anyway, I had just actually gotten back from the States or to the States and I ended up taking that apartment. So I've been in there ever since and it's amazing rent, it's super cheap and everything, but.

• 12:21Caleb Hammer?

  Good, then why would you leave? What's the complicated part?

• 12:23Speaker 04

  There's, I believe there's some mold growing underneath in the basement.

• 12:27Caleb Hammer?

  Have the landlord take care of the mold?

• 12:29Speaker 04

  So I've actually contacted the landlord, they had an inspector come out and they were like, all right, yeah, we need to check this out. We're gonna get onto something and nothing's happened. I've hit, I contacted the landlord again, it's actually not the landlord, the initial landlord that I've had.

• 12:42Caleb Hammer?

  Honestly, probably legally incentive to do so, but because of your situation, they are not financially incented to do so.

• 12:49Speaker 04

  Exactly.

• 12:49Caleb Hammer?

  Which usually produces worse housing.

• 12:52Speaker 04

  You're right on the money, yeah. So at the moment, I had that landlord that we had known from the family for like thirty-five years. And he actually made a deal with my dad when he first moved in, like, hey, I know that, you know, you have a lot of properties to manage. He was managing like fifteen properties. So he was like, hey, I can do the maintenance for this place. So if any of the tenants have plumbing issues, whatever it is, I can handle it. Just give me a little of a break on the rent. So that's how we actually got that little bit of a.

• 13:17Caleb Hammer?

  Obviously, your dad has failed, there's mold growing.

• 13:19Speaker 04

  Well, yeah, I mean, I feel like once he moved out, obviously, it got a little bit.

• 13:24Caleb Hammer?

  When did he move out?

• 13:26Speaker 04

  Fifteen years ago, it's been a while. My brother, my brother moved in, so yeah, it was my brother moving in and then I moved in after. So, and you know, I've done what I could to, you know, help with the financial stuff, I mean, not the financial, the maintenance stuff as well. And we've always told the landlord, like, hey, if there was something that we can't handle, we'll hire a plumber and electrician and then send the bill to you. So our landlord was super cool and understanding this whole time, but he recently passed away and the kids took.

• 13:52Caleb Hammer?

  From old?

• 13:54Speaker 04

  No, just from old age, thankfully. He's got up to like ninety-five, so he had a good life. But his kids took over the company or took over his property management and he didn't, they didn't really want to do it, it was a lot. So they signed it over to a property management company.

• 14:09Caleb Hammer?

  Oh, yeah.

• 14:09Speaker 04

  And that person, you know, they've been trying to sell it for a while and the kids have been trying to sell it.

• 14:15Caleb Hammer?

  Who the fuck would buy it? Again.

• 14:16Speaker 04

  Nobody. It's been, it's been listed for.

• 14:19Caleb Hammer?

  In a city that discourages housing being built, a city that discourages new units being opened because your family just stays there for generations. Discourages actually keeping the properties up into current repair because why would they? And now discourages them from selling the property to people who might actually want a management. Yes, what a very productive city.

• 14:41Speaker 04

  Mm hmm. Yeah, nothing's even up to code in that house. Like nothing's up to code.

• 14:45Caleb Hammer?

  Absolutely not surprised. Let's be real. If your private student loans have you eyeing a third job at the local taco stand. Maybe it's time for a better plan. Y refi is your lifesaver in a sea of debt. I like the typical loan sharks who treat your credit score like a magical crystal ball. Y refi cares if you actually want and can afford to repay. So forget about jumping through hoops and start jumping for joy at their under six percent interest rates. That's right. Six percent, less than six percent. Plus, they've got a co-sign a release program so you can finally give your mom a break from your financial baggage. So consider it your early Mother's Day or Father's Day gift.

• 15:28Caleb Hammer?

  They also offer a structured repayment plan to lower your monthly bill and personal reps who actually pick up the phone. It's no wonder why they've got a 4.6 star rating on Google. Apparently treating partners like humans actually works wonders. So if you're sick of interest rates that are so high, they may as well charge you for oxygen. Y refi is your shot at a real solution. No more losing sleep and no more ignoring the mountain of student loan statements on your kitchen table. Go to Y R E F Y dot com slash hammer. That's Y refi dot com slash hammer. Or call triple eight Y refi dash 78. That is triple eight Y refi dash 78. And get out from under the weight of private student loans. Let's make your debt meltdown a distant memory, not a daily reality.

• 16:13Caleb Hammer?

  So they want, what happens if they do sell it? I mean, you're still going to be legally in the rent controlled situation. Capital, what, three percent a year or something?

• 16:20Speaker 04

  Now, if I do sell it, they've offered a buyout. So.

• 16:23Caleb Hammer?

  Buyout of your lease?

• 16:25Speaker 04

  Uh, yes. So.

• 16:27Caleb Hammer?

  Would you take it? Why would you take it though? You have the legal protections. Like, again, you are incentivized. You're hurting the market, you're hurting other renters, but you are incentivized to stay there as low as you can.

• 16:38Speaker 04

  Mm hmm. Yeah. And I'm planning on staying as long as possible, but at the same.

• 16:41Caleb Hammer?

  So why would you accept their buyout?

• 16:43Speaker 04

  Because it seemed like a sizable buyout.

• 16:45Caleb Hammer?

  What's the buyout? Do you know the buyout?

• 16:46Speaker 04

  He offered $40,000.

• 16:49Caleb Hammer?

  Yeah, cuz I bet it will jump up to like, well, what's your rent?

• 16:52Speaker 04

  It's nine hundred and seventy-two.

• 16:56Speaker 04

  So it's the cheapest rent you can get anywhere in LA. So they're kinda like, hey, you got mold in your basement, but the rent's nine seventy-two.

• 17:05Caleb Hammer?

  So you kinda just gotta bite your tongue. There's still legal obligations.

• 17:07Speaker 04

  Oh, I agree, you know, and I'm sure if I had the knowledge and the skills to actually take legal action, I'm sure there would be something I could do, but you know, twenty-five-year-old living in LA, I'm not really, I'm not a lawyer, so.

• 17:18Caleb Hammer?

  What are you gonna do to forty thousand? How, how quick, how quick will that go, though? If you all of a sudden have to get like the median rent? We looked up one-bedroom median rent for the episode we filmed for LA.

• 17:30Caleb Hammer?

  A, a little bit ago, and one bed for the LA metro, meaning even the furthest edges. I don't know what part you live in, but it's two thousand dollars. So that's, I mean, just the forty thousand dollars, what about the two thousand dollars? I mean, that gets you twenty months of rent, so, I mean, that helps. And they're telling me you apparently live in one of the nicest areas, so we're looking at like twenty-six hundred for just something mid.

• 17:55Speaker 04

  So I actually, I live in Pasadena, which is one of the nicest and most expensive areas. Surprisingly, I have a very cheap apartment that's not nice and expensive, but I actually work in Walnut, near like City of Industry, and that's a lot of a more cheaper, like, not fully developed area. So if I were to be bought out, I would most likely go there and probably get somewhere around that area where it's a lot cheaper.

• 18:17Caleb Hammer?

  Okay, well, I wanna see what someone, someone who gets into these kind of bad finances, someone who spends way more than they make on a monthly basis, forty thousand dollars, that'd be a lump sum, obviously rent's gonna go up, but I wanna see how you think you'll pay it. Can I whiteboard this? I wanna whiteboard this. I wanna take a little look, and we're actually just gonna film behind you as well, so that the audience can see it. I wanna see what you think forty thousand dollars would go to. Draw out for me your game plan of how you would use forty thousand dollars.

• 18:44Speaker 04

  Okay, so, sorry, I'm gonna keep close here, so we got forty thousand.

• 18:50Caleb Hammer?

  Forty thousand.

• 18:52Speaker 04

  Probably start with some car, actually probably start by paying off any of the debts. So whatever that would be, I would probably allocate like $8,000 to all of that, take off debt.

• 19:04Caleb Hammer?

  Oh, so you're immediately fixing your debt without fixing your behavior that got you in the debt in the first place? Okay, great.

• 19:10Speaker 04

  Mm-hmm. And then we're

• 19:12Caleb Hammer?

  That's gonna turn out so well. It's always turned out so well in the history of this show.

• 19:14Speaker 04

  Gonna get the living situation set in stone, so.

• 19:18Caleb Hammer?

  $2,600 for your area, if you want to stay in the same area.

• 19:21Speaker 04

  For the first month.

• 19:21Caleb Hammer?

  At a minimum.

• 19:22Speaker 04

  At a minimum first, so let's say

• 19:24Caleb Hammer?

  Closer to three, probably.

• 19:25Speaker 04

  3,000, yeah, 3,000.

• 19:27Caleb Hammer?

  Great. So then we're You make $2,400 a month, this is off to an amazing start.

• 19:31Speaker 04

  So our apartment, and then we'd repair some, probably repair the car so we wouldn't have to worry about that anytime in the future.

• 19:38Caleb Hammer?

  Okay, you put $3,000, that's one month.

• 19:43Caleb Hammer?

  So this $40,000.

• 19:44Speaker 04

  So this is, yeah, I mean, I still have a job, so you know, get moved in, get set in stone.

• 19:49Caleb Hammer?

  That makes $600 less than your rent.

• 19:52Speaker 04

  Yeah, but you know, at the, you know, getting my girlfriend to actually, we have, we're splitting bills and you know, me working

• 19:58Caleb Hammer?

  What does she make?

• 19:59Speaker 04

  Uh, she makes 22 an hour.

• 20:02Caleb Hammer?

  Okay, so 75% of your household income goes to rent?

• 20:06Speaker 04

  And then, and being able to actually

• 20:08Caleb Hammer?

  So you're covering one month rent?

• 20:09Speaker 04

  So if we, if we

• 20:10Caleb Hammer?

  We're at 12, we're at 11,000 so far.

• 20:15Speaker 00

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• 20:41Speaker 04

  Yeah, I feel like that's a lot of money left.

• 20:43Caleb Hammer?

  It is, with one month of rent.

• 20:45Speaker 04

  Yes, and if I were to move somewhere that was closer to my work, I feel like I would be able to work a lot more hours. I wouldn't have to worry about my car breaking down as much because it's a 40-minute drive to work that actually is very hilly.

• 20:57Caleb Hammer?

  Keep going.

• 20:58Speaker 04

  It does a lot of damage to the car.

• 21:00Caleb Hammer?

  Yes, hills in LA, we would have never thought. Keep going.

• 21:03Speaker 04

  So I would say car repairs would probably be around $1,600, so car repairs.

• 21:10Caleb Hammer?

  Reminder, you're 3Xing your rent even though you can't pay for that $1,600 in car repairs right now.

• 21:16Speaker 04

  Mm-hmm. And I would get, so we're at eleven thousand, twelve thousand, six hundred. So, I mean.

• 21:23Caleb Hammer?

  I'm questioning the schools in LA right now.

• 21:24Speaker 04

  Yeah, have a good amount of emergency fund, could probably even put like twenty thousand dollars to an emergency fund or something like that.

• 21:32Caleb Hammer?

  Sounds lovely.

• 21:33Speaker 04

  So, let's do twenty thousand dollars for an emergency fund. In reality, it would probably become.

• 21:39Caleb Hammer?

  Forty-three thousand? We're at twenty-three, or thirty-three thousand? Thirty-three thousand?

• 21:43Speaker 04

  Yeah, thirty-three thousand.

• 21:44Caleb Hammer?

  What's the next seven?

• 21:45Speaker 04

  Seven would.

• 21:46Caleb Hammer?

  Final seven?

• 21:47Speaker 04

  Probably be, let's see. I mean, it would probably be smart to put, you know, more allocated money towards rent and stuff, like you said.

• 21:55Caleb Hammer?

  Two months and a week?

• 21:58Speaker 04

  I mean, it's something. It's definitely better than one month.

• 22:01Caleb Hammer?

  What happens during month four?

• 22:04Speaker 04

  Well, by that time, I will have, hopefully, you know, I have my emergency fund and I'm hoping that I'm working enough.

• 22:10Caleb Hammer?

  So, you drain your emergency fund over the course of, but see the flaws here? I think even though that system, again, encourages behavior that fucks everyone else. You are in a system where if you are selfishly taking care, taking care of yourself, ah, you should probably stay there, except for the mold situation, we, obviously. But there are legal obligations of the landlord. Uh, so you have about six and a half months and then you drain your emergency fund and then you're on the street?

• 22:35Speaker 04

  I don't think so. Like I said, I feel if I'm in a situation where I can work more.

• 22:39Caleb Hammer?

  You get an extra ten hours a week. Okay, so we boost up to twenty-nine hundred dollars on a monthly basis. Great. Okay, a hundred dollars under your rent without utilities.

• 22:50Speaker 04

  And when we actually planned to.

• 22:55Speaker 04

  We actually had a plan for when we did decide to leave. One of our friends would plan on moving in with us. He lives with his parents right now.

• 23:01Caleb Hammer?

  Okay, but that means you have to get in a more expensive place, though.

• 23:04Speaker 04

  Yeah.

• 23:05Caleb Hammer?

  You don't have to cover the full thing because you'll have a friend helping, but you're not getting a three thousand dollar place anymore. Maybe we're getting like a four thousand dollar place. And if for some reason this friend ever moves out, the friend ever dies, if anything happens. And then you got a four thousand dollar price tag on you.

• 23:19Speaker 04

  Yeah, I feel like

• 23:19Caleb Hammer?

  Better get him on the lease at a minimum for legal obligations.

• 23:22Speaker 04

  Yeah, I feel like that would definitely be something that we would do. I don't think it would be something where it's like, hey, just come move into our apartment with us.

• 23:29Caleb Hammer?

  Yeah, I don't know. You spend $900 more than you make on a monthly basis. I'm not really taking you as the person that makes sound decisions.

• 23:35Speaker 04

  Yeah, I mean, the plan isn't to leave that apartment, you know, I mean, I know I have a gold mine there right now as it is. So I would definitely try and stay there as long as I possibly could.

• 23:45Caleb Hammer?

  Yeah, you should, because even your $900 in rent, right? 912, 972?

• 23:50Speaker 04

  972, yeah.

• 23:53Caleb Hammer?

  Already 40% of your income. You're over the 30% I'd want you to be. So, so stupid. It doesn't make sense. Now you say you, but your girlfriend doesn't make much, okay.

• 24:06Caleb Hammer?

  How long have you guys been together?

• 24:07Speaker 04

  Uh, coming up on three years.

• 24:10Caleb Hammer?

  So what's the question then? Are you asking whether or not you leave or stay? What are you trying to do? And by the way, your little consolidation of debt by using the lump sum to pay off isn't going to do anything. Look, you already spent $900. You spend, what was it, 35% more? You spend 35% more than you bring in. And you think paying off your debt and a lump sum is going to work? No, you're going to rack up your credit cards again. You're going to be like every single person that's ever been on the show that has made consolidations before, or had credit card transfer before. Or a bankruptcy before.

• 24:40Caleb Hammer?

  I just build it up.

• 24:43Speaker 04

  Yeah, you know, like I said, I wouldn't plan on leaving there at all. So I'm

• 24:48Caleb Hammer?

  So what are we talking about then?

• 24:51Speaker 04

  I'm happy where I'm at right there. I just, you know.

• 24:53Caleb Hammer?

  So what are we talking about then?

• 24:57Speaker 04

  I just

• 25:00Speaker 04

  Not really, um. I don't know. I'm just set on, um, I feel like that's a good living situation. I feel like my job, I feel like

• 25:09Caleb Hammer?

  Yes, and I agree.

• 25:11Speaker 04

  Like, I feel like all that stuff is like

• 25:13Caleb Hammer?

  So what the are we talking about?

• 25:15Speaker 04

  Like, I definitely feel like everything I have is like right on the edge. And so like you said, if stuff were to fall out, I definitely would be like in complete despair.

• 25:24Caleb Hammer?

  I don't know why your company has to let you go. Yeah, so yes, that is true.

• 25:28Speaker 04

  So yeah, I definitely think, you know, trying to figure out exactly what, you know, would be the best.

• 25:37Caleb Hammer?

  Mm hmm. The best in terms of what?

• 25:41Speaker 04

  In terms of, you know, the next step of what the future would be in everything.

• 25:46Caleb Hammer?

  Okay.

• 25:50Caleb Hammer?

  Okay, so you might get like, who even knows? I don't know how they've kept you. This is the career you want to do, though. This is what we're sticking with?

• 25:58Speaker 04

  No, I mean, I definitely love it. And like I said, if it branched off into something, I would be super happy about that. But, you know, like if it were to be something that blew up and was like something where it was making tons of money.

• 26:11Caleb Hammer?

  Up. You're a contractor.

• 26:14Speaker 04

  I'm not a contractor. I was signed on. We do contracts.

• 26:18Caleb Hammer?

  Yeah.

• 26:19Speaker 04

  For the city, but I'm.

• 26:20Caleb Hammer?

  How are you gonna? If it blows up, how do you make?

• 26:23Speaker 04

  So we're talking about from the classic car restoration side of things. If it were to blow up, if we were to get more clients doing that stuff. That would be a side of things I would be interested in doing.

• 26:32Caleb Hammer?

  Sure, but why do you get the pot?

• 26:35Speaker 04

  Because I'm doing a lot of the work right now that is actually going into restoring those cars.

• 26:39Caleb Hammer?

  On your contract that says if it makes a lot of money, you get a percentage?

• 26:44Speaker 04

  Yes, on that part, but what I'm hoping for is those bosses really like me. So if it gets to the point where it does do something and they start to, you know, get ready to retire, they could pass that.

• 26:54Caleb Hammer?

  Are they ready to retire? How old are they?

• 26:55Speaker 04

  They're getting close.

• 26:56Caleb Hammer?

  Why would they pick you?

• 26:57Speaker 04

  They're both in their 50s. Neither of them have, neither of them have kids.

• 27:00Caleb Hammer?

  They're business owners. They're not gonna do the fifty nine and a half retirement. Trust me.

• 27:04Speaker 04

  They're definitely getting tired of it for sure. They've both moved out of California. They're both ready to live their, you know, just high life and just chill. So if I were to, you know, get that business inherited, I would absolutely stay.

• 27:16Caleb Hammer?

  Why you?

• 27:17Speaker 04

  Because I'm the only one that's really working there, putting.

• 27:19Caleb Hammer?

  They don't have kids. They don't have family. They have nothing.

• 27:21Speaker 04

  No kids. They have, they both have wives, but other than that, I mean.

• 27:27Caleb Hammer?

  Why did I think they were together? I was very confused. Okay, that makes sense.

• 27:30Speaker 04

  But yeah, so if I were to get that company.

• 27:33Caleb Hammer?

  And if not, then what?

• 27:34Speaker 04

  If not.

• 27:35Caleb Hammer?

  Cause you're banking a lot on that.

• 27:36Speaker 04

  If not, no, I, you know, I'm trying to start my own company and kind of like the EDM world.

• 27:41Caleb Hammer?

  A company in EDM?

• 27:42Speaker 04

  Mm-hmm. So, I mean, there's a lot of companies.

• 27:45Caleb Hammer?

  Is that just fucking selling, like, I don't know, what is a company in EDM?

• 27:50Speaker 04

  No, so, you know, I feel like there was a huge untapped market in EDM with how much it's blowing up right now.

• 27:54Caleb Hammer?

  You're right, there was 15 years ago.

• 27:56Speaker 04

  I feel like there was, there still is a lot when it comes to stuff like artist interviews, when it comes to like lifestyle brands and stuff.

• 28:04Caleb Hammer?

  Lifestyle brands, oh wow, we're getting a lot of just like terms.

• 28:08Speaker 04

  Mm-hmm. So.

• 28:09Caleb Hammer?

  You had a lot of very narrow ideas. Okay, not very honed in, go ahead, go, please continue, I'm very curious.

• 28:16Speaker 04

  But I feel like that.

• 28:17Caleb Hammer?

  Please continue, I'm very curious.

• 28:18Speaker 04

  There's something I feel like untapped in that market.

• 28:21Caleb Hammer?

  Sure, tell me what it is.

• 28:22Speaker 04

  When I like watch, for examples, when I was looking for, you know, like get to more, know more about the artists and get to know more about the scene, I feel like it is really.

• 28:29Caleb Hammer?

  Niche artists?

• 28:30Speaker 04

  Not even niche, I mean, I feel like they're getting like, the EDM scene's starting to get more mainstream now to the point to where it is actually getting big.

• 28:37Caleb Hammer?

  Yeah, but the niche artists, were you looking at a niche artist or a worldwide famous artist?

• 28:41Speaker 04

  Both of them, I feel like even with the worldwide famous artists.

• 28:44Caleb Hammer?

  If a worldwide famous artist is not getting covered, then there's no market for them to get covered, cause trust me, it would have found itself by now.

• 28:50Speaker 04

  I definitely feel like there's coverage, but I feel like the way they're covering things.

• 28:54Caleb Hammer?

  Cool, what would you do? I, I need to, I want to hear this, cause this is, if this is your fallback, this is an important revenue stream apparently, I need to be able to vet this. Please, tell me. I know you like free things and I'm giving some things away for free right now, and let me show you how to get it. First, I'm giving you a limited edition financial audit Tumblr, plus a 30 day trial of Simpler Budget Premium to new users when you buy my four class bundle. And this trial is normally only 14 days, but I'm doubling it just for those purchasers. And do you just want one class? No worries, you'll still get access to that 30 day Simpler Budget trial. And act now because we're winding down our intro pricing at midnight.

• 29:40Caleb Hammer?

  On April 23rd, so this is the best price you'll ever see on these classes. So if you're feeling stuck or intimidated by your finances, you're not alone. And now is the best time to get started. Grab your free limited edition Tumblr. Sit back and finally take control of your financial future. Or don't, and you can end up right here.

• 30:02Speaker 04

  So when you're looking at artist interviews and stuff right now, you're just looking at the most like rinsed out stuff. You actually don't even get to really know about anything about the artist, about the scene itself.

• 30:12Caleb Hammer?

  I want to hear what you would do.

• 30:14Speaker 04

  What I would want to do is actually get into it like more on the ground. So have like a media team like at the festival grounds, at the shows.

• 30:21Caleb Hammer?

  You have a team?

• 30:22Speaker 04

  That would be the goal. That would be the long-term goal.

• 30:24Caleb Hammer?

  High upfront costs, sure.

• 30:26Speaker 04

  At the moment, I've been doing it all by myself and I can do it myself.

• 30:30Caleb Hammer?

  Wait, you've been doing this? This is ongoing?

• 30:32Speaker 04

  Yes.

• 30:32Caleb Hammer?

  Oh, sick. How much have you made?

• 30:35Speaker 04

  Off of the actual YouTube itself.

• 30:37Caleb Hammer?

  The business, the YouTube?

• 30:38Speaker 04

  So off of.

• 30:39Caleb Hammer?

  Okay, so this is a channel?

• 30:41Speaker 04

  It's a channel and as well as I have a website that sells merch.

• 30:44Caleb Hammer?

  Business in total, what have you made over how long?

• 30:47Speaker 04

  Probably been about two years. I've made probably a couple thousand in profit, like 2,000 in profit.

• 30:52Caleb Hammer?

  I don't know if this is a fallback.

• 30:55Speaker 04

  It's definitely something I've been putting in the works.

• 30:57Caleb Hammer?

  Has the business proven itself? I don't know.

• 30:58Speaker 04

  I think so. I feel like.

• 31:00Caleb Hammer?

  2,000 hours in two years, that's a thousand hours a year.

• 31:02Speaker 04

  I feel like those have been strictly in clothing sales and.

• 31:06Caleb Hammer?

  Buddy, this sounds like a hobby.

• 31:35Caleb Hammer?

  I'm sorry.

• 31:36Speaker 04

  I feel like at the moment it is.

• 31:38Caleb Hammer?

  What's your plan for turning that into a whole business?

• 31:40Speaker 04

  Is getting more, uh, trying to get more media credentials. So once I get, you know, more of a a populated, you know, people actually knowing the name, getting the name out there.

• 31:49Caleb Hammer?

  Okay, but you're talking chicken and egg. How do you get the name?

• 31:53Speaker 04

  Just by, I mean, going out there, going to shows, going out and talking to people and all that. I feel like, like I said, the clothing.

• 32:00Caleb Hammer?

  It helps, but.

• 32:02Speaker 04

  Yeah.

• 32:02Caleb Hammer?

  Well, the clothing brand isn't, you don't get name from the you need to be able to sell your clothing brand. Again, that's chicken and egg. That's a brand clothing brand.

• 32:09Speaker 04

  I've made quite a lot of sales on.

• 32:11Caleb Hammer?

  You made 2,000 hours in two years.

• 32:13Speaker 04

  Mm hmm. And I feel like that's on just a one item itself, actually. So I've had, I mean, you know, I've had quite a lot of orders. I feel like that was in strictly profit.

• 32:23Caleb Hammer?

  Two thousand hours in two years.

• 32:24Speaker 04

  Mm hmm. I feel like, like I said.

• 32:27Caleb Hammer?

  I'm not trying to tear down this idea, but I also want to bring you to earth.

• 32:31Speaker 04

  Yeah. And I think every time I've like worn my clothes in public, every time anyone's seen them, they're like, yo, those are.

• 32:37Caleb Hammer?

  Is that one?

• 32:38Speaker 04

  No, but.

• 32:39Caleb Hammer?

  Good. Thank.

• 32:41Speaker 04

  But they, um, I mean, this is from Vans. So I mean, this is a. It's a kind of like a sweatshirt, you know, obviously the movie Shrek. So it had like the S from Shrek. You know how the S has the ears coming out?

• 32:52Caleb Hammer?

  Yep.

• 32:52Speaker 04

  One said slut and like the Shrek font. And then the other one said daddy and it had the font like that.

• 32:57Caleb Hammer?

  So get to 10,000 hours in sales and have them copyright you.

• 33:00Speaker 04

  Yeah, it's possible, but I mean, you see how many people are making those kind of like knockoff t-shirts.

• 33:06Caleb Hammer?

  You don't think the brands try to go make money or get a cut from it?

• 33:08Speaker 04

  I'm sure they do, but I mean, there's so many and it's few and far between. I feel like it would be.

• 33:12Caleb Hammer?

  Yeah, but if you're a big player, they'll go. You can make your couple thousand dollars, but in order to make a living off of it? Yeah, they're gonna want their piece.

• 33:19Speaker 04

  Mm hmm. So I definitely think that was my most profitable sale, but.

• 33:23Caleb Hammer?

  So getting a brand that you did not.

• 33:25Speaker 04

  Getting people onto that website and looking at my other designs, then people would be like, oh, okay, this dude has some other cool designs. Let me try and.

• 33:32Caleb Hammer?

  That's like me launching a YouTube channel. I take a Dave Ramsey clip, but I just Photoshop my face on it.

• 33:39Caleb Hammer?

  It's like, look, I made a successful business.

• 33:41Speaker 04

  I mean, that's the thing. A lot of people are doing that now and it works.

• 33:44Caleb Hammer?

  Yes, but they will, okay.

• 33:49Caleb Hammer?

  All right, let's get into this money then. That's a scary career fallback because that's not a, you're gonna, I mean, you would have to, I'm okay with that. I love the entrepreneurial spirit. I'm okay with you pursuing this. It's gonna be more of a hobby and then you turn it into a full-time thing, but as a fallback, that is very scary for a job you do not show up to reliably. So I don't know why they, I don't know why they keep you around. I'm just saying like in the risk of a not uberly low percent chance that they would let you go.

• 34:21Caleb Hammer?

  Cause you're not a reliable, if I, if I wouldn't know, if I wake up and I wouldn't know if my employee's gonna be there.

• 34:29Caleb Hammer?

  Like they might be lazy. Sounds like they're on the way out. Maybe they don't care as much, but maybe the new person who would run, who might not be you, uh, would rather have a, a player on their team instead of a D player?

• 34:42Caleb Hammer?

  I'm just saying, that's a scary fallback. That's a scary fallback. I would need you to fall back into preferably a career position that makes money.

• 34:50Speaker 04

  My particular fallback, that was more like my life goal, like being like.

• 34:54Caleb Hammer?

  Oh, that's the goal. That's what we're trying to get to. That's even worse. I'm sorry. That's not worse. That's not worse. That's okay. That's okay.

• 34:59Speaker 04

  That was my goal.

• 35:00Caleb Hammer?

  I'm very confused. Are you gonna own the business from them or are you gonna do this? Cause both, it's gonna be hard to do the same at the same time, both at the same time.

• 35:08Speaker 04

  I would try and do both, but it would be really which one would work out more.

• 35:13Caleb Hammer?

  You would be split and neither will work out because you'll be split. Listen, there are people who run multiple businesses, but they take a business, they grow it from nothing to a hundred and then they start their other one. They don't try to do two at the same time at the equal starting foot, especially building one from zero where the other ones are like 50%. You're like, oh, it's like, you just get split. You get separated and then both fail. Okay. Where do you think your finances are zero to 10? Zero being the worst, 10 being the best.

• 35:41Speaker 04

  I would say like a three or a four.

• 35:43Caleb Hammer?

  You're on this show, buddy. I promise you're, okay, but it's a good, that's, I know where you stand mentally. Fuck me. Okay. Uh, go to Calebhammer.com and take the assessment. If you want to figure out what your hammer financial score is, you can also click the link in the description below. And if you want to come down here to Austin, Texas, we'd be happy to have you in the studio and it'll be, it'll be our brand new studio by the time you're seeing this. So that's exciting. Go to Calebhammer.com/supply. We'd be happy to have you. Okay.

• 36:10Caleb Hammer?

  I got a Citi Advantage card. What's going on with this card? What we got? What we got here, guy?

• 36:18Speaker 04

  Yeah, so I mean, I opened that card years ago. That was actually the first card I ever opened. My mom helped me open that one. And that was right when I got back from the States, or to the States. I always mix that up. And yeah, I feel like it was initially meant to help kind of just pay off some bills. And I didn't really understand concept of credit cards, so I just kind of splurged on it. I had just gotten back from volunteering a lot. So I just came back and was just doing a lot of like

• 36:46Caleb Hammer?

  When?

• 36:46Speaker 04

  materialistic spending.

• 36:47Caleb Hammer?

  When?

• 36:48Speaker 04

  Uh, that was around like 2017.

• 36:51Caleb Hammer?

  Okay, then what the is happening now? Because it is maxed out.

• 36:55Speaker 04

  Yeah, I feel like it's just been something that

• 36:57Caleb Hammer?

  About 2017.

• 36:58Speaker 04

  I just feel like it's something that's never been able to kind of like bounce back from.

• 37:01Caleb Hammer?

  That's not true. You're spending on it, you little tit.

• 37:07Caleb Hammer?

  That's not bouncing back? No, there needs to be a way for you to spend 35% more than you bring in. I'll tell you how. A credit card. Buddy, it is maxed out. There's if you if you went crazy in 2017, okay, you went crazy in 2017. Wonderful. Good job. Yeah, minimum payment would have brought it down from the max in eight years.

• 37:25Speaker 04

  Yeah, I've definitely still spent on

• 37:28Caleb Hammer?

  About 2017. You're up now.

• 37:31Speaker 04

  I've definitely still spent on it.

• 37:32Caleb Hammer?

  Yeah, I eat $587 and 5 cents this last month alone.

• 37:38Speaker 04

  Mm hmm.

• 37:39Caleb Hammer?

  So what are we talking about? I don't care about 2017.

• 37:42Speaker 04

  I feel like that was just then was like the like really irresponsible spending. I feel like now

• 37:47Caleb Hammer?

  This is not irresponsible. Taking it to the max right now.

• 37:50Speaker 04

  I feel like all the things on there, though, are more essential items like food, gas, stuff that

• 37:55Caleb Hammer?

  Yeah, what do you qualify food essential? Essential food. Buddy, buddy, buddy, buddy, buddy? Buddy, I'm looking at the purchases. I'm not reading or now, but I know the highlighter ones are and guess what? About 95% of them are so fuck you. I mean, you're just you're lying. You're lying, or you're just completely brain dead in terms of what is actual necessities. The lying, lying to yourself hardcore cope. Thinking you're this big guy, this big entrepreneurial guy. I'm doing everything right. No, you're not. And you need to be brought down back to earth, not to be mean, but so that you can actually live a halfway decent life. Because it is not going to help you babying you, giving you the pat on the back that you think you deserve by not being the worst.

• 38:37Speaker 04

  I feel like a lot of people take those kind of like corners cuts when it comes to food especially.

• 38:42Caleb Hammer?

  Which you bragged about being a corner cutter. So second time bringing up a corner cut saying you did it first and now you're saying other people do it. Okay, go on. Let's hear how this ends.

• 38:51Speaker 04

  Yeah, because I feel like food is one of those things where it's like people struggle with food because they're just like, man.

• 38:57Caleb Hammer?

  What is struggling with food?

• 38:58Speaker 04

  If you're meal prepping, for example, like you said earlier, it's just like, man, they get tired of eating the same thing over and over again. They get tired of what's doing all the-

• 39:05Caleb Hammer?

  What do disciplined people do?

• 39:08Speaker 04

  They commit to it, I would assume.

• 39:10Caleb Hammer?

  Cool, wonderful, great. Go on.

• 39:14Speaker 04

  I don't think that many people would want to commit to something like that.

• 39:18Caleb Hammer?

  Want to, it's not about want to, buddy. It's not about...

• 39:25Caleb Hammer?

  Do people meal prep because they want to? Or do people meal prep because they have a goal that they want to? They don't meal prep because they wake up and they're like, oh, nothing's ever sounded better than meal prepping. No, they are on a diet, they need to budget, and they want to do those. So they are doing the action that is less than pleasant in order to do those wants. No one wakes up and says, man, the most fun thing I can think of today is meal prepping. No, nobody wants to meal prep. Nobody wants to. No. People want to not cook during the week, so the action is then meal prep. People want to lose weight, so the action is then meal prep. People want to budget and not eat out all the time, so the action is meal prep.

• 40:10Caleb Hammer?

  No one wants to meal prep. No one wants to only spend a couple percentages of their income while they're in debt on fun. They want to spend more, but they want to get out of debt. So they do the thing that is less than pleasant in order to get there. Never bring up again that people want to meal prep. Nobody wants to. It's not about that. It's about the goal.

• 40:38Caleb Hammer?

  Picture this: your phone's buzzing all day with calls from debt collectors. Every email is a past due notice. Knock on the door, could be a debt collector.

• 40:49Caleb Hammer?

  Your wages were garnished, so you can't afford groceries. You can't fill your gas tank. You can't get a car loan, can't rent an apartment, and no shot at buying a house. You can't sleep. You can't eat. That's the reality of living in debt. And it's happening to people like you every single day. You don't have to live like this. Contact PDS Debt. They've helped tens of thousands of people live debt-free. PDS Debt goes beyond the numbers to understand your unique financial situation and craft a personalized plan designed just for you. There's no minimum credit score required. They're here to help you save more, pay off your debt faster, and start putting money back where it belongs, in your pocket. PDS Debt is A+ rated by the Better Business Bureau, boasts hundreds of five-star reviews on Google,

• 41:34Caleb Hammer?

  and holds a five-star rating on TrustPilot. But why? Because P-

• 41:39Speaker 00

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• 42:05Caleb Hammer?

  PDS Debt has helped tens of thousands of people get out of debt. Listen, when I was in debt, I struggled to do anything. I could barely afford to move if I had to. And I wish the service was around once I fixed my behavior. It helps. It can get you there faster. So honestly, you're 30 seconds away from being debt-free. Get your free assessment and find the best option for you right now at pdstat.com/hammer. That is pdstat.com/hammer. PDSdebt.com/hammer.

• 42:34Speaker 04

  I've never meal prep before, so I guess, you know, I guess I haven't really thought about it that way, but I mean-

• 42:40Caleb Hammer?

  You've never done anything before until you did it, buddy. You were born, you never did anything other than being born. And then you did it for the first time. It's not that big and scary. It's not skydiving. I like, I don't care. Listen, use our cookbook. Use our cookbook. You get, you get a copy for free. Everyone that signs up for the premium version of our budgeting app, Simpler Budget, which I highly recommend for you, gets a signed version of the cookbook. I'll send it directly to you. And our Simpler Budget Founders Edition journal as well, which we'll give you before you leave.

• 43:10Speaker 04

  I didn't know you had a cookbook. That's pretty cool.

• 43:12Caleb Hammer?

  Yeah, it's right here.

• 43:16Speaker 04

  Oh, okay.

• 43:17Caleb Hammer?

  Oh, yeah. Okay, so, yeah, that at least helps. You just follow the recipe. I've never meal prepped. All you have to do is cook, freeze, cook, freeze, cook, freeze. This is not crazy. Again, this is not skydiving.

• 43:32Caleb Hammer?

  This is not the scariest thing to try for the first time.

• 43:35Speaker 04

  Mm hmm. I just feel like a lot of people, you know, I don't think many people I've talked to really do meal prepping like that. So it's something where I've just never been like, oh, that's my, like, that's the thought that'll get me out of like debt is meal prepping.

• 43:47Caleb Hammer?

  The majority of people I know, I go out on the street, I meet a majority of people, they're all financially. So that's okay for me to be. Your logic and all these things are so flawed.

• 43:56Speaker 04

  I just hadn't made that connection of just being like, whoa, I eat out too much, let me start meal prepping. Like, that wasn't a connection in my brain where...

• 44:04Caleb Hammer?

  You haven't tracked your spending at all?

• 44:07Speaker 04

  Not really, no.

• 44:07Caleb Hammer?

  Then you don't even know if you're doing better than you were a few years ago. I mean, the first card I'm looking at is a max out, max out credit card. Sorry, I don't think I ever set the balance. $2,050. 95 cents. Minimum payment, $123.87.

• 44:24Caleb Hammer?

  $51.92 of interest accruing.

• 44:30Speaker 04

  Yeah, I feel like I did do slight meal prep practice. You know, a few years ago, I was doing some like gold prospecting for fun, kind of at a little bit of a time, but...

• 44:39Caleb Hammer?

  What are you saying then?

• 44:41Speaker 04

  I was just saying that I kind of have like a little bit of an idea of it and, you know, maybe I could try it again in the future. That was something I was doing in the past, but yeah, I just never made the correlation of being like, oh, that's, that's something that'll save me money.

• 44:54Caleb Hammer?

  Correlate then.

• 45:00Caleb Hammer?

  Okay, there you go. Helpful tip of the day.

• 45:05Caleb Hammer?

  Like, I'm sorry.

• 45:08Speaker 04

  I just think that was something that was...

• 45:12Speaker 04

  Like a time where I was doing solid financially, I feel like. So I think, you know, that was why I brought up like that. I was like, oh, it's something that makes sense. You could correlate those together.

• 45:24Caleb Hammer?

  And you said you were prospecting for gold? Like, what the even is that? This is the person I'm dealing with. No offense. The person who thinks they're prospecting for gold is a good career choice is the person who thinks that going to EDM music festivals is a good career choice. That taking copyright brand and selling those is a good career choice, that they think they are going to get the business that they barely show up to work for. Is gonna have like, come on, what a narrative we're telling here. Like now, the more I learn. The are we doing? You're a gold prospector? Got you a little pickaxe and what are you? Who am I? What are you talking about? Why? When?

• 46:04Speaker 04

  That was a few years ago and I

• 46:06Caleb Hammer?

  For what reason? This is not the 1800s.

• 46:11Speaker 04

  That's still profit. There are still people gold prospecting.

• 46:14Caleb Hammer?

  You always bring up other people. How about you for once? You look to everyone else except for yourself. For some reason, when you talk about literally anything, did you make a grand profit?

• 46:25Speaker 04

  I wouldn't say a grand, but we

• 46:26Caleb Hammer?

  Well, then I don't give a If you made enough money for it to be good, you'd still be doing it. So what did you make?

• 46:35Speaker 04

  I made a couple thousand dollars. It was enough to pay for

• 46:37Caleb Hammer?

  Just like your shirt.

• 46:38Speaker 04

  Pay for food and everything and

• 46:40Caleb Hammer?

  Yeah. For how long? A month?

• 46:42Speaker 04

  I think it was like three months we did that for, but

• 46:44Caleb Hammer?

  Why didn't you keep doing it if you were making enough to survive?

• 46:47Speaker 04

  Uh, cause in Southern California, you're only allowed to do so much and

• 46:50Caleb Hammer?

  What does that mean?

• 46:51Speaker 04

  There are laws permitting you from doing an like a kind of like excess amount.

• 46:57Caleb Hammer?

  Of gold prospecting?

• 46:59Speaker 04

  There's only

• 46:59Caleb Hammer?

  They know?

• 47:00Speaker 04

  I wouldn't say they know, like they're tracking you. But I mean, if you see someone coming out with

• 47:05Caleb Hammer?

  Coming out of what?

• 47:06Speaker 04

  Coming out of a canyon where you're gold mining.

• 47:09Caleb Hammer?

  So you're going into a random canyon and mining for gold?

• 47:14Speaker 04

  Yeah, with my roommate. It was super fun. And I mean, it's profitable if you put in the work. And I mean, if you go to a place like

• 47:21Caleb Hammer?

  Just like everything else that we've talked about. Yes, it is profitable if you put it in the work. Somehow you don't seem to do that.

• 47:28Speaker 04

  I had put in the work when we were in SoCal. Like I said, there was only so much we could do there. So

• 47:32Caleb Hammer?

  Are you not in SoCal?

• 47:34Speaker 04

  Well, I said I was in SoCal when I was in SoCal doing that. That's where I was mainly doing it. But like I said, if we were go to somewhere like Alaska, if we were going somewhere else that it was much more rich and there were actually permits and stuff for us to be able to do it, that would be something we'd be able to venture into. But that takes a lot of capital than put it down.

• 47:53Caleb Hammer?

  And this is what I talk about with that split, the split of I'm gonna try both businesses. You don't know what you want to do. You get excited about something, then you do it for a few months and then you're off and onto the next thing. Which means I know so many people like you. And there's an entrepreneurial spirit that I legitimately do like and appreciate. But if you can't dedicate yourself and sit down and narrow your focus, you're never gonna end up anywhere successful. You're gonna be doing this same thing, one new thing per quarter for the rest of your life. You're gonna be chasing like get rich quick schemes or something like eventually you'll find yourself in something like that.

• 48:28Speaker 04

  Mm hmm. I don't, I feel like I'm smart enough to not get myself into something like that.

• 48:32Caleb Hammer?

  I don't think so. You spend $900 more than you make on a monthly basis or 800. I don't remember at this point. It's been a while since we talked about that. I don't think so.

• 48:39Speaker 04

  But I think those, I think it's something where it's like, I feel like I see an untapped market and it's definitely something I could do. I just don't have the tools to do it, but.

• 48:49Caleb Hammer?

  Which one, which market are we talking about?

• 48:51Speaker 04

  Let's say the EDM one, for example, like.

• 48:53Caleb Hammer?

  You don't have the tools. What's the tool? A camera? I started this with a little camera.

• 48:58Speaker 04

  Uh, media credentials. I started, like you said, with a camera is definitely something that I've already started doing myself. But to do something where it's like.

• 49:05Caleb Hammer?

  Why are they gonna give you media credentials?

• 49:08Speaker 04

  That was, would be something I request to do something like I said.

• 49:11Caleb Hammer?

  Yeah, but why would they give you?

• 49:12Speaker 04

  Artist interviews.

• 49:13Caleb Hammer?

  Why would they give you?

• 49:14Speaker 04

  Cause I feel like that's something where if I were to build my brand more, I would be able to represent their company really well.

• 49:20Caleb Hammer?

  Chicken or egg. You build your brand by being able to do those, which you need your credentials for. But you need a brand that is built in order to get your credentials. So I don't understand this business plan. It is not making sense. And then we have a max out credit card and you're going into a business that does not have a proven track record of profitability of something of a brand that you own, not Shrek ears. And we're going in with a maxed out credit card, one that you're still already spending on, one that takes nine years to pay off. By the way, you tried to talk about 2017 eight years ago, meaning this would have been paid off essentially by now if you didn't purchase on it. And you only did minimum payments. So that is the life of a smart person.

• 49:58Caleb Hammer?

  Waiters, Schnitzel, a critical thing, necessity, as he said, Subway, Uber Eats, eBay, eBay, Taco Bell, TCG player. eBay, eBay, going as I get into what are you a Zen popper, you an energy drinker? What are you doing?

• 50:22Speaker 04

  Wait for.

• 50:23Caleb Hammer?

  It looks like you went into a little petro mart. You did not get gas for just a couple bucks.

• 50:28Speaker 04

  Uh, depends on what it was in that entire show, probably a lighter. Could be something like that.

• 50:32Caleb Hammer?

  You got two letters in a row. Okay, that's weird. Uber Eats, Greyhound Bar, and Uber Eats for $51, $51.92 of interest is accrued. It's a 30% interest rate. And you said, uh, da, da, da, da, da, da, it is necessities. So she said.

• 50:49Speaker 04

  I see the majority of those are.

• 50:51Caleb Hammer?

  Food purchases. A week and yet you cannot actually go to the grocery store and prepare, even though you were a chef. And again, like I said, I mean, I'm pretty sure you're at the credit limit. No, it's fucking worse. You, dude, the smart guy, the smart guy, again, the smart guy. You started over the credit limit and you ended even more over the credit limit. Over. I thought you were maxed. You're over. Over.

• 51:23Speaker 04

  Oh, okay. I think when you look at those purchases, a lot of them are just really food. So it's.

• 51:31Caleb Hammer?

  What does that mean? What does that mean to you? Why the, the, the, the, the words you came out of your mouth were the dumbest, most fucking stupid things I've ever heard in my life, but then your tone with it was so sincere. So what the fuck are you trying to say?

• 51:45Speaker 04

  It's, I feel like that's something that's fair.

• 51:47Caleb Hammer?

  It's $50 to Uber Eats in one purchase.

• 51:50Speaker 04

  For two people, I think that's kind of fair.

• 51:53Caleb Hammer?

  $20 per meal for two people, $20 per, $25 per meal. Okay, 25 times a two, that's 50. Okay, that's cool. Yeah, and we know what you guys kind of make on a yearly basis. Oh, it's timed out by three, three meals a day, 365 days a year. Awesome. We're going to spend more than we make on a yearly basis just on food because we need $25 per person. And we're going to be going up to $55,000 a year on food costs. And that's worth it, he says. The smart guy, the entrepreneur, the business titan.

• 52:26Speaker 04

  I think there are, you know, like I said, that's something that most people are like, they're like, hey, let me just get an Uber Eats real quick.

• 52:32Caleb Hammer?

  Why the do you give about most people? I don't give a I want people to do well, but I don't care what they're doing. I don't base their my life on what other people are doing. I don't base my life on them. Why do I give a most people out there are weird? I don't care what they're doing. Most people are financial failures. Most people are family failures. People struggle out there. Go on Twitter and everyone's a pearl clutching weirdo. I don't give a I don't live my life based on weird motherfuckers. Why do you care about these other people? You bring up other people endlessly.

• 53:14Caleb Hammer?

  Why do you care? This is your life. Live your life.

• 53:22Speaker 04

  I think when I'm bringing up other people, it's just saying like in contrast, there's, there's a lot of stuff that, you know, there are places where it's just like, oh, that's something that a lot of people also do. So it's like in my head, that's where I'm like, oh, that's kind of okay.

• 53:38Caleb Hammer?

  You're fucking coping. And speaking of your endless cope, two letters in a row, what the you're even you're obviously smoking. What are you smoking? Based on this conversation, I'm pretty sure it's but what are you smoking?

• 53:50Speaker 04

  I just smoke. I don't smoke anything. I feel like, I mean, I smoke daily, but I don't think like a crazy amount more than anyone else usually would.

• 54:01Caleb Hammer?

  More than anyone else again with that. I promise not everyone smokes daily. Yes, that is more than most other people.

• 54:09Speaker 04

  I meant people that also smoke, but.

• 54:13Caleb Hammer?

  Jake, you're a is that more than most people smoke?

• 54:19Caleb Hammer?

  It's more than most people smoke.

• 54:22Speaker 04

  Okay, well, I don't think it's something that's

• 54:26Caleb Hammer?

  Okay, well, you can never be wrong, can you? Yeah, you're definitely gonna get places in life. Can't listen to other people. So glad you're on this show. Capital one, wonderful, cap one. What are we doing here? What's up with this card? Let's talk about 2017 again. What happened with this card in 2017?

• 54:44Speaker 04

  Honestly, I just think that was a lot of impulsive spending.

• 54:47Caleb Hammer?

  So it's the same exact thing you said for the last card?

• 54:49Speaker 04

  Mm hmm. Yeah, I just, I didn't really understand the concept of credit cards. So I just, you know, kind of spent like crazy and

• 54:56Caleb Hammer?

  Something's going on here.

• 54:57Speaker 04

  A little bit, so.

• 54:58Caleb Hammer?

  Something's going on here. One second. There is no way this minimum to payment is $239 without something funky. Fees, I'm seeing fees. What the are we doing? This is past due, you're past due. This is two payments. Dude.

• 55:14Caleb Hammer?

  How long have you been past due on this card?

• 55:15Speaker 04

  A few months, I think.

• 55:18Caleb Hammer?

  And why? You are in the most privileged position in the world with your rent situation. And you

• 55:30Caleb Hammer?

  And because of your privilege, you're preventing the housing supply meeting market demand.

• 55:37Caleb Hammer?

  And because of your privilege, you're in a position where you get to take advantage of it. You and you alone can live an amazing life financially. And yet you are multiple payments behind on a credit card.

• 55:51Caleb Hammer?

  What the, why? Why do you not care? Why, why, what, like in your mind? What are you trying to do in life right now? Because you're not sure how to work. You're

• 56:04Caleb Hammer?

  incapable of starting a brand that doesn't rely on IP that already exists. What are you trying to do? You're over maxed out on that other credit card all on and think that it's okay to have a $25 per person food budget per meal.

• 56:20Caleb Hammer?

  What the are you trying to do, man? You know what? Sorry, before you answer, I feel like this is how you've gotten through in life because you're able to sit down. You're able to be monotone, straight talk and just sound like a person that is able to actually be reasonable. Yet, once you dig deep into the actions, into the philosophy, into the ideas that you have, it is all fucking broken and then you're not willing to admit once when you might be wrong. So tell me, what are you trying to do? Because right now it's nothing but failure.

• 56:56Speaker 04

  I think with those cards in particular, I was just trying to focus on other ones first and you know.

• 57:01Caleb Hammer?

  You still have to make the minimum with the payments. There is not a debt payment strategy in the world that says, don't pay. Unless it's let them all go to collections, then negotiate from there, but I wouldn't recommend that. You'll your credit.

• 57:14Caleb Hammer?

  So tell me then, what the?

• 57:18Caleb Hammer?

  Cause no one suggested that. Or did someone suggest that to you?

• 57:22Speaker 04

  No one suggested.

• 57:23Caleb Hammer?

  Then why did you choose that?

• 57:25Speaker 04

  It just seemed like the other ones had a higher interest rate and it just seemed like it was a little smarter to pay off those ones first.

• 57:31Caleb Hammer?

  Sure, but why does that mean you don't have your minimum monthly payment paid on this?

• 57:36Speaker 04

  I just didn't get around to paying that.

• 57:37Caleb Hammer?

  Get around? It's been multiple months. What is get around to opening an app?

• 57:46Caleb Hammer?

  No, I'm not gonna let you get out of this. That is bold.

• 57:49Speaker 04

  I just didn't open that and didn't get around to it.

• 57:54Caleb Hammer?

  Okay.

• 57:56Caleb Hammer?

  Can't wait for you to be an employer of others. Sorry, guys, I just didn't get around to uh opening the uh the platform and making payroll for the last four months. I just didn't get around to it. Well, that's it.

• 58:12Speaker 04

  Again, that happens.

• 58:14Caleb Hammer?

  No, it doesn't.

• 58:16Speaker 04

  My boss does it from time to time and I'm.

• 58:18Caleb Hammer?

  Then your boss is a bad boss.

• 58:24Caleb Hammer?

  Then you work for a horrendous boss.

• 58:26Speaker 04

  I don't think he's a bad boss.

• 58:28Caleb Hammer?

  If he's not paying you, you're not working for a good boss and good luck getting the company from him.

• 58:33Speaker 04

  I think it's, you know, everyone has stuff that happens to them and I feel like it's okay to be understanding. But you know what?

• 58:39Caleb Hammer?

  It's okay to be understanding, but if something didn't happen in your life that was a life altering thing, you're able to call the credit card company and tell them about it. You didn't do that and nothing did happen. You just were lazy.

• 58:55Speaker 04

  I think it's a little bit of both. I think I'm definitely.

• 58:57Caleb Hammer?

  What happened then?

• 58:59Speaker 04

  I think it's.

• 59:00Caleb Hammer?

  What happened?

• 59:01Speaker 04

  I think there's a few mixes of everything. I had a shoulder surgery that had me out of work for about 2019, 2020.

• 59:08Caleb Hammer?

  Then fuck off because this is these last few months. So that is the dumbest thing I've ever heard in my life. You had my sympathy for about a half a second.

• 59:14Speaker 04

  Like I said, there are a few things and I feel like all of those things.

• 59:17Caleb Hammer?

  What happened? What happened the last few months?

• 59:18Speaker 04

  Last few months, my girlfriend's also been out of work. She's also.

• 59:22Caleb Hammer?

  You told me she made $22 an hour.

• 59:24Speaker 04

  She just got a job a week and a half ago, actually.

• 59:27Caleb Hammer?

  Okay, so you were fully supporting her. How long was she without a job?

• 59:30Speaker 04

  About four months.

• 59:31Caleb Hammer?

  Okay, and you guys are together, so I wouldn't be surprised if you fully enabled her bad behavior because you know nothing about good behavior. Go ahead, what else happened?

• 59:38Speaker 04

  I don't think I fully enabled it, I tried.

• 59:40Caleb Hammer?

  What else happened? Yeah, you're in a rent of your dreams. You could have made your minimum to payment of what? Would have been what, like 40 bucks or something? Maybe like 100 bucks? I don't know, I'm going to mark it as 100.

• 59:52Caleb Hammer?

  You were just stupid with it. You could have made it, go ahead, what else? What happened? Life happened, like we couldn't make our payment. Life happened, what happened?

• 1:00:00Speaker 04

  Her not being able to work, me and my car breaking down at the same time. And I feel like it all kind of added up and you know, it's just, it's definitely, you know, at this time, especially like the past six months have been just rough with bills. I had to take my dog to the vet.

• 1:00:16Caleb Hammer?

  You have put yourself there though. The dog thing you can't control, but you can control whether or not you have pet insurance and you can't control whether.

• 1:00:22Speaker 04

  I do have pet insurance.

• 1:00:22Caleb Hammer?

  Then you're okay.

• 1:00:25Speaker 04

  Yeah, but I mean, it still ends up being a pretty hefty bill.

• 1:00:27Caleb Hammer?

  This is the, you know, chunky deductible at the beginning, but it's not something that would wipe you clean.

• 1:00:32Speaker 04

  Yeah, I mean, when you're in the situation that I'm in where all credit cards are maxed out.

• 1:00:36Caleb Hammer?

  That you did, that you continue to do. Look at your spending. You spend $700. You spend $900 more than you make on a monthly basis. You spend 35% more than you bring in on a monthly basis. You spent almost $800 going out to eat on a monthly basis. You spent $50 on just one Uber eats order and there were multiple Uber eats orders there. And you spend hundreds of dollars on monthly basis because you're a normal, everyday, average smoker and that is very normal for people to do. And then you don't actually show up to work. So, I don't know. LA is not the best in the world for public transportation. But I know if you spent the time, you could have gotten there. And even more so, I know that if you actually make what you say in the hours that you put in, you would have made your return on investment if you Ubered.

• 1:01:22Speaker 04

  I don't think so.

• 1:01:23Caleb Hammer?

  Then you don't make enough money and you need to find another job. Which by the way, is honestly probably true for LA. Making under 30 bucks an hour for LA, yeah, it's time to price shop. It's time to job search. It's trying to move up your skills.

• 1:01:33Speaker 04

  I agree. And I feel like, like we were talking about fallbacks earlier. I feel like if I were to leave that place.

• 1:01:38Caleb Hammer?

  Your fallback is Shrek years.

• 1:01:39Speaker 04

  I feel like if I were to leave that place, I've, I've learned a lot of skills. I feel like I've done a lot of welding and fabricating there to where the, I could actually, I got my welding certification.

• 1:01:48Caleb Hammer?

  On your resume? Okay, there you go.

• 1:01:50Speaker 04

  So I feel like that's something I could easily go to like after this if it weren't to work out. And I think I could probably get paid more doing it.

• 1:01:57Caleb Hammer?

  Well, I might start looking at that.

• 1:01:59Speaker 04

  I've thought about it, but at the same time, I really, like I said, I like my bosses. I like the job and I feel like if.

• 1:02:06Speaker 00

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• 1:02:32Speaker 04

  Something were to come out of it.

• 1:02:33Caleb Hammer?

  You possibly listen to different state and they don't pay you.

• 1:02:36Speaker 04

  One of them does. I mean, you know, the other one does still currently live here and he has an office out here. Or not here. Sorry, we're in Texas right now, but lives in LA. And like I said, they like me. I mean, obviously if I'm not going into work that much, they obviously like me enough not to fire me.

• 1:02:50Caleb Hammer?

  Or they don't think they're gonna be able to pay pennies on the dollar for another employee because they accept you accepted and they're like, oh, we got lucky.

• 1:03:00Caleb 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.

• 1:03:45Caleb Hammer?

  Seriously, download simpler budget now. It's incredible. The time to take control of your finances is literally right now. And as an extra limited time only bonus, I will give you a signed version of my budget friendly cookbook for free. When you sign up for simpler budget premium annual.

• 1:04:04Speaker 04

  I don't think it's that. I definitely think they're, um, they know the situation that they're in financially and they're happy with it.

• 1:04:11Caleb Hammer?

  Is it good or bad?

• 1:04:12Speaker 04

  They're good. They're very happy with it. And you know.

• 1:04:15Caleb Hammer?

  They know the situation they're in financially, so they're willing to pay lower. What are you talking about? That would suggest to me that they're not doing very well.

• 1:04:21Speaker 04

  No, it's, I'm saying they're, they know their situation and they're just kind of like, oh, this is a, not like a side business, but they're like, this is like their hobby shop. But they're like, hey, if this blows up, awesome. But we're not really sitting there like.

• 1:04:35Caleb Hammer?

  Wait, your, your entire future is baked on a hobby shop? Oh, I didn't know it was a, fuck me dude. Oh, you're killing me. You're just, I swear.

• 1:04:44Speaker 04

  On the side.

• 1:04:45Caleb Hammer?

  You design.

• 1:04:47Caleb Hammer?

  Words to murder me.

• 1:04:48Speaker 04

  Like I said on the side, there's city contracts that make in the main amount of money.

• 1:04:52Caleb Hammer?

  Median average hourly wage in the Los Angeles, Long Beach, Anaheim metropolitan area. So this is the even the lower cost of living areas in that area, the edges of town. And I know you're not in that. Thirty five dollars and twenty nine cents you're making under that, including the lower paid areas. It's probably closer to like forty in your area.

• 1:05:16Speaker 04

  I just, I feel like that's not true. I've, I mean, I know you're looking it up, but I mean, I have, I have people that are currently living there and no one's making thirty five.

• 1:05:25Caleb Hammer?

  No, you just need to go get stabbed or something, buddy.

• 1:05:27Speaker 04

  No one's making thirty five an hour, so I don't know.

• 1:05:30Caleb Hammer?

  I don't know. No one's making? I don't think you know people.

• 1:05:33Speaker 04

  No one that I know.

• 1:05:33Caleb Hammer?

  Yeah, you probably [__] get taken on a short bus to a special place on a daily basis. And those are the only people you know, and you base your entire life off of them. And that's why you think you're doing okay.

• 1:05:45Speaker 04

  Even people, I feel like you walk into any, you know, the minimum wage obviously isn't thirty five. So, and that's majority of the people.

• 1:05:54Caleb Hammer?

  People don't make the minimum wage. You think the minimum wage is designed because everyone makes that? What the [__] are you talking about?

• 1:05:59Speaker 04

  Everyone's close, like any fast food service, retail.

• 1:06:03Caleb Hammer?

  Sure, in that job, you think that's what every job is?

• 1:06:07Speaker 04

  That's not every job, but that's what I'm saying.

• 1:06:09Caleb Hammer?

  Then what the [__] are you talking about? But it's not every job.

• 1:06:11Speaker 04

  And that's all, those are the majority of the jobs that people get that aren't, that aren't people that have like qualifying degrees, have certifications or anything like that.

• 1:06:20Caleb Hammer?

  You have certifications, you [__].

• 1:06:22Speaker 04

  I do. And like I said, I feel like I know.

• 1:06:24Caleb Hammer?

  What the [__] are you talking about? Congratulations, you made friends with a fast food worker once and you base your entire life off of them. Like, I don't know what to do off of that. That's not how a normal human operates, guy. Oh, you're insufferable. I'm sorry, you're insufferable. I don't like you. I've officially decided I don't like you. Your credit score is basically five hundred. Um, this is absolutely stupid. I'm gonna [__] just die. Okay. Okay.

• 1:06:47Speaker 04

  I feel like the, I feel like the job market, I feel like is something that a lot of people struggle with. And I think, you know, everyone has to have a side hustle or something like that.

• 1:06:57Caleb Hammer?

  Okay, not everyone has to have a side hustle and our unemployment rate's about four percent. So now not everyone struggles with the job market. Statistically incorrect. Yes, it is hard when you are unemployed and you try to find a job, especially if you're competing with the job that you had previously and you want to get into a similar income scale or a similar job, similar comfort level. Sometimes you'll have to start lower and you'll have the job hop, you'll have to figure it out. You have to work internally in that company to move up. But no, what you're saying is not just an average, everything for everyone. I don't know why you compare yourself to everyone, especially when you don't know the statistics around everyone.

• 1:07:30Speaker 04

  I just feel like it's different in LA. I feel like there's a lot, especially like you're saying.

• 1:07:34Caleb Hammer?

  I literally just told you the median wage in the LA metropolitan area.

• 1:07:39Speaker 04

  I just don't know about that one, honestly.

• 1:07:40Caleb Hammer?

  You don't know, but I have just told you, and that is from the sources of Bureau of Labor Statistics.

• 1:07:46Speaker 04

  I just feel like from people I talk to day to day, everyone's always saying.

• 1:07:50Caleb Hammer?

  They don't matter. They are not. That is so anecdotal. It's so stupid.

• 1:07:57Speaker 04

  I think everyone also has the same struggles that I have that.

• 1:08:00Caleb Hammer?

  Listen, the unemployment rate in LA is higher than the national. It is 6%. That sucks.

• 1:08:08Caleb Hammer?

  The national median or the national rate is 4.1. So it is higher.

• 1:08:15Speaker 04

  Yeah, like I said.

• 1:08:16Caleb Hammer?

  I'm not surprised. I mean, it's not a very business friendly place, so.

• 1:08:20Speaker 04

  Yeah, I just feel like, like I said.

• 1:08:21Caleb Hammer?

  I feel like, I feel like, I feel like, I don't give a what you feel like. I really don't. Everything you said you feel like is not correct. Okay. Well, they're telling me you have some kind of investment, but I know you said you don't have retirement. What is your investment?

• 1:08:33Speaker 04

  I try, I try to invest in whatever I see profitable. I feel like right now that's Pokemon cards. And yeah, I have a really, I think a really high appreciating asset of Pokemon cards. And I feel like everything I've invested in, I've made money on. Like if you check my Robinhood account, it's in the green and it's.

• 1:08:52Caleb Hammer?

  You said you didn't have any retirement.

• 1:08:53Speaker 04

  I took it. I mean, I've since taken it out to help try and pay off some stuff. But when I was investing in Robinhood at the time, I was in the green and I was very high in the green. And I feel like that's the same with a lot of things I invest in. I do make money on things I put money towards. So I feel like that's something where I have a lot of money.

• 1:09:14Caleb Hammer?

  I've never had a Pokemon card. Honestly, I don't fucking know. I don't know the statistics around that, but you sound like a fucking dumb.

• 1:09:21Speaker 04

  No, I promise you that is a market that is, there is profit to be made and it is in a huge boom right now.

• 1:09:27Caleb Hammer?

  Your entire life and paying all your bills and not being in bad credit card debt and not be financially, if it was really good. It's as easy as that. Same with the gold. Hey, same with the gold prospecting. If it was doing really well, you would not be in the finances that we have talked about so far. It is as easy as that.

• 1:09:44Speaker 04

  I think with those things, it's having, having the capital to do it with a lot of those things.

• 1:09:50Caleb Hammer?

  Picture? Show me your stack.

• 1:09:53Speaker 04

  I brought my Pokemon cards.

• 1:09:54Caleb Hammer?

  Why am I gonna buy them, but you can show them if you want?

• 1:09:57Speaker 04

  Yeah.

• 1:10:01Speaker 04

  A lot of people, a lot of people buy Pokemon cards for like the packs and stuff, right? You know, that doesn't make any money. I focus on like the high tier cards. I always go to swap meets and Facebook Marketplace and try and find the cheapest deals possible. So I actually know what my money in.

• 1:10:17Caleb Hammer?

  I'm so glad you're spending all your time doing this instead of actually going out and showing up to work.

• 1:10:23Speaker 04

  So I do know my money in and I know what my value is currently at. So I know I'm in the green.

• 1:10:28Caleb Hammer?

  If you don't know what your value is at a hundred percent, in order to realize that value, someone else would have to get it. You can guess it. How much have you put in?

• 1:10:36Speaker 04

  I've put in around 2,300 and it is worth about.

• 1:10:39Caleb Hammer?

  You can barely, you couldn't even pay the rent for the place you would move to if you took your lump sum off of that. So that doesn't even matter. This is so insignificant. This is so insignificant.

• 1:10:49Speaker 04

  And it's worth about 4,500 right now. So I feel like that is a pretty big sum and it's something that appreciates. And it's something that, you know, it goes up a lot. So that's something I feel like isn't, isn't a bad investment at all.

• 1:11:02Caleb Hammer?

  We have some math over the past 25 years. Would you like to hear it?

• 1:11:05Speaker 04

  Sure.

• 1:11:08Caleb Hammer?

  Fided by that 25 has an average yearly return of 0.8%.

• 1:11:15Caleb Hammer?

  Little under the 1%. You're not beating inflation.

• 1:11:18Speaker 04

  Wait, what were you calculating exactly?

• 1:11:20Caleb Hammer?

  The what the return has been over the last 25 years. Over the last 25 years.

• 1:11:24Speaker 04

  This hasn't been 25 years.

• 1:11:25Caleb Hammer?

  I'm just telling you what the average rate of return has been.

• 1:11:31Speaker 04

  Yeah, I would say I probably started investing in Pokemon cards maybe about a year ago. And yeah, I feel like I've made a really good profit in that time.

• 1:11:40Caleb Hammer?

  I think we will see a return of 13% between 24

• 1:11:47Caleb Hammer?

  and 2020 and 2024 and 2034. A 13% return, not annual though. As far as I can tell. Okay, show me. What are they worth? He's put 2,400 in. What are they worth?

• 1:12:02Speaker 04

  Yeah, they're worth 4,500 at the moment.

• 1:12:04Caleb Hammer?

  Good, sell and pay off that.

• 1:12:05Speaker 04

  So that's what I've thought about doing, but I've definitely, at the moment, it is still rising.

• 1:12:10Caleb Hammer?

  Yep, and if then, well, I don't give a sell and pay off that. Cause I doubt they're rising at a 30% rate.

• 1:12:18Speaker 04

  Some of them 182%.

• 1:12:19Caleb Hammer?

  Yeah, in a year, but if something.

• 1:12:21Speaker 04

  No, in three months.

• 1:12:22Caleb Hammer?

  If so, that's even worse. It's even worse. If something's able to go up that high in three months and their crash. Well, I'm not going to say it's going to crash soon, but their crash is going to be just as spectacular as the rise.

• 1:12:31Speaker 04

  Yes.

• 1:12:32Caleb Hammer?

  That's how really anything goes like that.

• 1:12:34Speaker 04

  Absolutely. And I feel like if you know when to look for the rise and the crash, you know how to make money.

• 1:12:38Caleb Hammer?

  Your day trading.

• 1:12:40Speaker 04

  Some could say that, I guess, yeah.

• 1:12:41Caleb Hammer?

  Yeah, 10% of day traders are successful.

• 1:12:44Speaker 04

  Yeah, like I said, if you check my Robinhood account, it was very high in the green as well, too. So I feel like that's something I am pretty, uh, pretty smart with doing. And I feel like I know at least a little bit about how to make money on that stance. If I feel like I had a little more money to spend, I think I would have made some more.

• 1:13:00Caleb Hammer?

  The stats aren't perfect. There is no market perfect performance of what the average annual return is. And it depends on the pack. There's some packs that have obviously returned like 12% compounding. You're on 50% compounding on a year.

• 1:13:12Speaker 04

  Well, yeah, those are packs. You don't.

• 1:13:13Caleb Hammer?

  Exactly, but there is no full market average return like there is in like the S and B 500, even Bitcoin. Like usually it's even like average yearly return of that, but we can't even find it. Can't even find it.

• 1:13:28Speaker 04

  Yeah, and that's because it's so much of an untapped market. It's so much of a boom right now at the moment that it is kind of hard to do research on. But if you're in the scene like I am, you see people that have started with an investment, start at $10,000 and they're up to like $78,000, $80,000 in just a few months.

• 1:13:45Caleb Hammer?

  Some people, just like some people day trading, they do incredibly well. We're talking a small percentage. You have never been successful at one thing in your life and you've tried a thousand different things and you've never been successful at one. I have no confidence in this.

• 1:13:56Speaker 04

  If I had the capital to do it, I feel like it would have been a lot more successful.

• 1:14:01Caleb Hammer?

  And there's no stats around the percentage of people that are successful in this as well, because it's not a big enough market for that. So it's not. People around and they make money, but it's not a big enough market for that. And I'm okay, it's like a little gamble, it's a little fun money, but you don't have that fun money.

• 1:14:23Caleb Hammer?

  You have a credit card that was over the balance? Then what was this last card? No, the first one was over the balance. This last one, yeah, it was past due and over the balance. So I need my notebook, buddy. Pick it off over the ground. You made me rage throw it. Your fault, not mine.

• 1:14:41Caleb Hammer?

  I'm using the same language you've used about your entire finances.

• 1:14:47Caleb Hammer?

  Okay, show me a card. Sure, why not? I'll take a look.

• 1:14:50Speaker 04

  I think they're definitely.

• 1:14:51Caleb Hammer?

  That's your entire retirement plan.

• 1:14:53Speaker 04

  I think they're definitely of good value.

• 1:14:55Caleb Hammer?

  Sure, unknown V, I choose you.

• 1:14:58Speaker 04

  This one alone, I think, is ranging at $312 right now for this one.

• 1:15:02Caleb Hammer?

  Cool, sell it.

• 1:15:03Speaker 04

  There's some back here, two that are worth a couple hundreds.

• 1:15:07Caleb Hammer?

  Cool, sell it.

• 1:15:08Speaker 04

  These are all very expensive ones.

• 1:15:09Caleb Hammer?

  Fion, I choose you. Bimbolder, I choose you. Professor Research, I choose you.

• 1:15:14Speaker 04

  $200, it's a really solid one as well. And these ones stay very collectible because they're old. So these ones are all very old cards. These ones are newer ones that have high value at this moment.

• 1:15:25Caleb Hammer?

  I'll be honest, I don't give a [BLEEP]. Put them away. I don't give a single [BLEEP].

• 1:15:29Speaker 04

  First edition.

• 1:15:29Caleb Hammer?

  There's not a [BLEEP] that I give. I'm sorry, I'm sorry. I have no interest in that. All I know is you're in a market that has no actual statistics around that can be scoured throughout the entire internet. And this is your entire, you, you have no focus. You try a thousand different things and you're gonna be trying a thousand different things until you never find one. Your entire life. This is how people like you end up being. And I don't want you to go down that path because you can actually give a, you can live a good life if you hyper focus on something and make it the best you can be. Be relentless about it, but instead you're split between a thousand different things and day trading cards. But wait, didn't we just have people on the show that were day trading cards? A couple?

• 1:16:10Caleb Hammer?

  Yeah, we had a couple that were day trading cards. They put in money. They saw a little bit of return for a while and then they fucking like lost it all or something. Like they can just boom crash. It's, and you're in that.

• 1:16:21Speaker 04

  I don't.

• 1:16:21Caleb Hammer?

  Take the return while you can get it.

• 1:16:24Speaker 04

  That's the plan. That's definitely the plan.

• 1:16:25Caleb Hammer?

  If it was the plan, you would have sold it. Sell it when you leave.

• 1:16:29Speaker 04

  I've sold some of it. If you actually see on some of my statements, it shows that I sold a good amount of it and you see empty pages in there.

• 1:16:35Caleb Hammer?

  I don't think I can get through. I'm gonna sit you down with a Sondra mind therapist.

• 1:16:41Caleb Hammer?

  They're good. You get three free therapy sessions. Sit down with them. Maybe they'll tell you to stop being a dumb. Except I think they say it nicer.

• 1:16:49Caleb Hammer?

  I don't know. I have another card. Discover it. Discover how I can get the out of this conversation.

• 1:17:00Caleb Hammer?

  Balance is lowering this one to $1,508.85. Interest $24.76. So this is no purchases. $45 minimum payment.

• 1:17:10Caleb Hammer?

  It's, it's over the balance. It's over the balance. Three so far, three in a row.

• 1:17:18Caleb Hammer?

  You can't do one thing. You're incapable of one thing.

• 1:17:23Speaker 04

  Well, you see there was no purchases on that one. I mean, you know, it's not like I'm. It's just splurging on that thing. It's just, it's at the.

• 1:17:31Speaker 00

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• 1:18:00Speaker 04

  I bound, bound that it's at and it goes over for, you know, a little bit of gas here and there to drive the car that I need to get to work.

• 1:18:07Caleb Hammer?

  You don't drive the car.

• 1:18:09Speaker 04

  When I can, I do.

• 1:18:11Caleb Hammer?

  But you don't because you never go to work.

• 1:18:15Speaker 04

  I feel like if I had a much more working car, I'd be at work 40 hours a week happily. Cause it's not the job that it's not like I'm sitting there saying like, oh, I hate my job. That's why I'm not at work. I need a better job. It's just.

• 1:18:27Caleb Hammer?

  I very much advocate against it, but I think your parents needed to beat you when you were a kid. This is just, I don't know. I mean, you're, you're, I'm sorry. You're just, your mind is in that Tik Tok finfluencer dumbass. And you're gonna, do you create like little finance TikToks? Cause I bet you will soon. You're gonna try to show people how successful you are and then you're gonna lead people to just being like broken.

• 1:19:04Speaker 04

  Finance TikToks? I don't know what that means.

• 1:19:06Caleb Hammer?

  You don't know what that means?

• 1:19:08Speaker 04

  Like me making finance TikToks?

• 1:19:10Caleb Hammer?

  You can't put the word finance and TikTok together and.

• 1:19:14Speaker 04

  I mean, I can understand the blanket term of that, but I just don't. Well, I don't know why I would be doing finance TikToks.

• 1:19:20Caleb Hammer?

  Cause you follow you, you, the way you talk, the way you've operated, it's like you've fallen down that rabbit hole. And people like you always end up just starting making videos on that and then you're gonna take all these other impression people and take them down that rabbit hole, destroying their lives. And it's sad. Twenty-four dollars and seventy-six cents of interest, twenty-seven point two four percent interest rate on here above the credit card limit because we're just to work. How did even you must have been late on payments. You must have had some missed payments that put you over the credit card limit or else why would you even be on that?

• 1:19:52Speaker 04

  It was just playing, putting a gas payment on it. I mean, that's the only thing I've ever really even put that card on initially. It was

• 1:19:58Caleb Hammer?

  I can't trust you.

• 1:19:59Speaker 04

  It was a balance transfer and I transferred the money over from the capital one to there.

• 1:20:03Caleb Hammer?

  When?

• 1:20:04Speaker 04

  Say like a year or two ago.

• 1:20:06Caleb Hammer?

  Then why would it be over the limit now?

• 1:20:09Speaker 04

  Because I just never made payments to get it back to where it was. You know, it was at zero percent interest for the year and then didn't pay it off enough to get it lower. So now it's just back up towards that.

• 1:20:22Speaker 04

  But I feel like that's the one I have under control the most where it's, you know, limited spending and I, you know, pay the monthly payment.

• 1:20:29Caleb Hammer?

  Did you come here and think I was gonna stroke your little egotistical entrepreneurial dick?

• 1:20:35Speaker 04

  No.

• 1:20:35Caleb Hammer?

  Is that your intent here?

• 1:20:36Speaker 04

  No.

• 1:20:37Caleb Hammer?

  Because what the can't acknowledge you're wrong. You're an absolute dumb when it comes to all of this, but you continue to use language that you are not a dumb like, I don't understand what we are trying to do here and it is enraging.

• 1:20:54Speaker 04

  I can agree that, you know, the financial situation I'm in isn't good.

• 1:20:58Caleb Hammer?

  Oh, it's not good. It's not good.

• 1:21:00Speaker 04

  But I feel like some of the stuff

• 1:21:02Caleb Hammer?

  There's a but with this isn't good.

• 1:21:03Speaker 04

  But I feel like some of this stuff is justifiable. I feel like some of it's justifiable.

• 1:21:07Caleb Hammer?

  Okay, let me know when your balls drop and then tell me what the is justifiable.

• 1:21:12Speaker 04

  The gas. I mean, if you look at that Discover card only right now.

• 1:21:16Caleb Hammer?

  I didn't see gas purchases. You just said there were gas purchases and I can't believe you based on everything you've said so far.

• 1:21:21Speaker 04

  Whether you want to believe it or not.

• 1:21:22Caleb Hammer?

  Well, you opened the conversation with the shortcuts I'm taking is not spending money on food. And then that's where all the first credit card that was over maxed out went to and you spend eight hundred dollars a month on food. Okay. Yeah. I mean, eight hundred dollars. You bring in, what was it, twenty-four hundred? Okay. You spend thirty-three, thirty-four percent of your income on food. Guys, that's my cutting corners.

• 1:21:46Caleb Hammer?

  Yeah, that's not even including groceries. Obviously, it's more because you do get groceries.

• 1:21:53Caleb Hammer?

  Waste of my time.

• 1:21:57Caleb Hammer?

  This is like a firm or something, isn't it? It's all overdue. It just says overdue, overdue, overdue, target, target, Amazon. Why can't you make a singular payment in your life? You are a child. You should never run a business until you can't, until you can at least manage your own payments. You're gonna screw over vendors, you're gonna screw over other services, you're gonna screw over other employees, or other businesses that you work with, you're gonna screw over your customers. You are not in a position where you should be in any kind of service to others. You're gonna ruin them.

• 1:22:35Speaker 04

  I agree that I'm not in a position right now, and that's why I'm trying to get out of that.

• 1:22:39Caleb Hammer?

  Do you start every sentence with a voice crack?

• 1:22:44Speaker 04

  I think that that's something I can actually get out of this situation.

• 1:22:48Caleb Hammer?

  What, the voice crack situation or the financial one?

• 1:22:50Speaker 04

  No, I'm just not gonna address the voice crack, because that just is what it is.

• 1:22:53Caleb Hammer?

  Well, you just did.

• 1:22:54Speaker 04

  If my voice cracks, my voice cracks, it is what it is. But with these, I feel like I'm not in the situation now, but the goal is to get out of this situation.

• 1:23:03Caleb Hammer?

  The goal.

• 1:23:04Speaker 04

  So we can work towards it.

• 1:23:06Caleb Hammer?

  Yeah, the goal, the goal, the goal, the goal. Three credit cards, there's only three as far as I know. We'll see. All over, one completely late, a firm's not being paid on, but the goal, the goal is to be better. The goal? You don't know what the fucking word goal means. What are you talking about, goal? You're on the other side of the goal. Everyone else is kicking their soccer balls into the goals, you're on top of a skyscraper, considering jumping. I don't know what you're talking about, you're not even near a goal.

• 1:23:49Speaker 04

  Well, I think that's, you know.

• 1:23:50Caleb Hammer?

  Yeah? What are you gonna justify that? Shut up, dude.

• 1:23:54Speaker 04

  That's the point.

• 1:23:54Caleb Hammer?

  Shut up, what an obnoxious. Yeah, you're getting Amazon, let me see your Amazon account. Let me see, maybe I'll get a little joy seeing a app instead of your face for a second. Gosh, I'm pissed, I'm being a little, that is, because I, there are not many people I dislike more than your personality.

• 1:24:14Caleb Hammer?

  He giggles, great. He's getting off on this.

• 1:24:17Speaker 04

  No, I just feel like, you know, there are people that are in positions.

• 1:24:21Caleb Hammer?

  Oh, we're gonna compare ourselves to other people. Shut the fuck up.

• 1:24:24Speaker 04

  I'm not getting that. I feel like it's...

• 1:24:27Caleb Hammer?

  You could have connected to the wifi out in the lobby where it said, "Hey, connect to the wifi."

• 1:24:31Speaker 04

  I didn't think I would need to do that. Come on, I don't think it's loading.

• 1:24:38Caleb Hammer?

  It's not, because you didn't connect to the wifi.

• 1:24:42Speaker 04

  Do you want me to? I could just tell you what was on my Amazon. I don't think you'll believe me, but...

• 1:24:46Caleb Hammer?

  Why would I believe you?

• 1:24:49Speaker 04

  It was for PC parts. I got some RAM, because I needed to upgrade my PC to hopefully, you know, get this business going, and...

• 1:24:58Caleb Hammer?

  What the fuck are you talking about? How is that gonna get your business to where you wanna go? What the fuck are you... What was your RAM situation before?

• 1:25:06Speaker 04

  It was 8GB of RAM and I needed to upgrade.

• 1:25:09Caleb Hammer?

  Okay, what did you get?

• 1:25:10Speaker 04

  I got 32GB. It wasn't that much... It wasn't that expensive, but it was enough for my PC to run smoothly, so I could edit videos in 4K.

• 1:25:19Caleb Hammer?

  What the fuck? Okay, maybe, I don't know. I don't know.

• 1:25:22Speaker 04

  I feel like that's something that is a justifiable purchase.

• 1:25:27Caleb Hammer?

  You're overdue on your stupid little Amazon payment.

• 1:25:37Speaker 04

  Yeah, that affirmed...

• 1:25:39Caleb Hammer?

  Yeah, why don't you say some words?

• 1:25:41Speaker 04

  It was a lot worse before. It was at, like, I think $1,900. And, you know, I was doing lots of splurging on that before, you know, with that gold prospecting. I loved gold, so I splurged on some gold jewelry there. And, you know, I splurged on some sneakers on StockX, so you know. I feel like that was... That card was terrible before, and you know, it's made some good strides. I feel like it's, you know, now you look at it like you said, you're like Target, Amazon, and they were kind of essential things. The Target's just groceries and Amazon's PC parts to try and make a name for myself.

• 1:26:12Caleb Hammer?

  Yeah, to rip off another brand.

• 1:26:13Speaker 04

  To try and make a name for myself.

• 1:26:15Caleb Hammer?

  To rip off another brand.

• 1:26:16Speaker 04

  That's only one of designs. I have plenty of designs for myself. No, I said that's the one design that has sold the most. So, there are other designs that I've made myself that I feel like a lot of people like as well, and if I get the market to it, people will purchase it.

• 1:26:29Caleb Hammer?

  You made your money off of one design, you said.

• 1:26:31Speaker 04

  The most money.

• 1:26:32Caleb Hammer?

  Are you changing the narrative?

• 1:26:34Speaker 04

  No, it's just that's what I've made the most money.

• 1:26:36Caleb Hammer?

  Why don't you get it at Target? Cause I don't believe for a single second it's all necessities.

• 1:26:39Speaker 04

  It's just groceries. Yeah, I don't really buy.

• 1:26:41Caleb Hammer?

  Really? I don't believe you. I don't. I can't. I can't. I can't.

• 1:26:44Speaker 04

  Let's see if I can pull up my Target.

• 1:26:46Caleb Hammer?

  I can't. I can't. I can't. I can't. I can't. I mean, you're a firm. We got the PlayStation. And you're paying for PlayStation? Plus, I'm being told. You're still paying for EA fucking Play.

• 1:26:58Caleb Hammer?

  We're getting the stupid RAM first. Fucking PC. So stupid. What? What? They're saying you're buying some producing software. So are you making your own EDM now?

• 1:27:10Speaker 04

  That's the goal, again.

• 1:27:12Caleb Hammer?

  What is the goal? The goal? There is no goal. You have a thousand goals. You have a thousand goals.

• 1:27:19Speaker 04

  I think it's a good thing to have goal setting.

• 1:27:21Caleb Hammer?

  It is if you have a plan to get there. If you ever get to. I'm sorry. I'm sorry. I'm so sorry. I'm so sorry. You're lost, man. You're lost. You're beyond lost. You need a therapist and a mother that loves you. You're lost. I don't know. You're, dude, there's nothing I can do here. This, I could budget you. There's budget? Budget? Sure. Sure. But you are lost beyond lost. This is nothing. This is all fucking mental. This is all mental and I cannot fix that. I can budget people out of a situation, tell them how to sacrifice. You're fucking lost. You're lost?

• 1:28:05Caleb Hammer?

  And you enraged me to talk to you. Not in the you, you haven't like been mean? You haven't, you're just fucking, you are the personality type that I cannot handle and I don't want you in front of me. I'm going to specifically request for my own sanity. I need to just be fucking done with this, honestly, because it's a waste of my time. Please go to the lobby because I don't want you in front of me anymore. That isn't actually, yes, that is an instruction. You are not welcome on my set anymore because you're, you're lost. I can't help you. I'm wasting my time. Please leave. Walk away. Dude, I'm sorry. I'm done. I'm not just walk away. I don't want to talk to you anymore. You justify everything. You will not listen to one thing.

• 1:28:50Caleb Hammer?

  This is unproductive and I'm done. I'm done. Dude, I said, please leave.

• 1:28:56Caleb Hammer?

  You're not a dick. This is just a waste of fucking time.

• 1:29:01Caleb Hammer?

  Okay. Hammer fine, I should score. Go [__] yourself. I know it's ah. Oh, okay, I mean, me. Okay, oh. Oh, okay. Um, okay, what am I thinking? What am I thinking?

• 1:29:15Caleb Hammer?

  I'm thinking I'm not having a good time and that it's a waste of time and that he won't listen to me and he has no path and he needs a like.

• 1:29:25Caleb Hammer?

  That's I'm, I'm, I, I don't think I can do that one anymore, guys. I'm done. I'm sorry. I'm sorry. I'm sorry. Um, I'll, I'm gonna talk to the producers and stuff in the post show and we'll look at the rest of this bull. But I'm done with him. That's he's so [__] done. Okay, bye. What a [__]. What a [__]. Fuck. But wait, there's more. Two years late on his taxes. Man. Whoa. What a degenerate. What a slop. What a [__]. Leech. Bring him back ever. Maybe I do have to call him and probably throw a mug at him.

• 1:30:01Speaker 00

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