I've Never Met A Woman Like This | Financial Audit

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

• 0:00Caleb Hammer?

  To watch episodes of Financial Audit a week earlier, check us out on YouTube. Your parents are enabling you and it's, it's, you don't even know. You need to have your ass hit the ground.

• 0:08Speaker 01

  I mean, I kind of have a reason.

• 0:10Caleb Hammer?

  You go to Starbucks every day, your reason. No reason.

• 0:15Speaker 01

  I'm the youngest.

• 0:16Caleb Hammer?

  Yeah, you have kids, so I don't give a. I don't know who you think you are and why you think your life and your sweet treat is more important than your kids. Financial Audit Live in Austin, Texas on February 22nd. Go to CalebHammer.com/live or check out the link in the description below.

• 0:31Speaker 01

  Hi, my name's Sabrina. I'm 24 years old. I live in Austin and this is Financial Audit.

• 0:36Caleb Hammer?

  What do you do here for a living in Austin?

• 0:39Speaker 01

  Uh, I work at Zume's. It's like a skate retail shop.

• 0:42Caleb Hammer?

  Yeah, you would look like that. Okay, I would have thought vans, you know, one of those. Okay, yeah. And what do you make in this position? What's your, what's your position at the retail place?

• 0:51Speaker 01

  Uh, I'm assistant store manager and I make $15 an hour.

• 0:56Caleb Hammer?

  Okay, it's a little low for the Austin area.

• 0:59Speaker 01

  Yeah.

• 0:59Caleb Hammer?

  I'll be honest, because lots of entry level jobs, even at like coffee shops, like 16 even, and you're an assistant manager. How many hours a week are you getting?

• 1:06Speaker 01

  Uh, 40, unless I work more. I do work more.

• 1:09Caleb Hammer?

  You get overtime?

• 1:10Speaker 01

  All the time.

• 1:10Caleb Hammer?

  Overtime, though. You get overtime pay?

• 1:12Speaker 01

  Yeah.

• 1:13Caleb Hammer?

  What is it?

• 1:13Speaker 01

  It's a time and a half, like normal overtime.

• 1:16Caleb Hammer?

  Okay, very cool. So what do you work normally?

• 1:20Speaker 01

  I'd say an average of like 45.

• 1:22Caleb Hammer?

  Okay.

• 1:23Speaker 01

  Yeah.

• 1:24Caleb Hammer?

  15 an hour. How much is your account on a monthly basis?

• 1:28Speaker 01

  Um, average, like 1,200. On a good check, I get like 13 to 14, because I make commission too.

• 1:36Caleb Hammer?

  Oh, through selling some certain things?

• 1:38Speaker 01

  If I sell like more than 250, I make a commission and I'm pretty good at it.

• 1:43Caleb Hammer?

  What do you think came in this last month? Just payroll? Just, just money from?

• 1:47Speaker 01

  I think like 2,500, somewhere around there.

• 1:52Caleb Hammer?

  Maybe a thousand more than that.

• 1:54Speaker 01

  Really? This month?

• 1:56Caleb Hammer?

  Wait, how do you not know? It was within your most recent statement.

• 1:59Speaker 01

  Is it the child support payment too?

• 2:00Caleb Hammer?

  No.

• 2:01Speaker 01

  No?

• 2:02Caleb Hammer?

  But obviously, so you have kids.

• 2:04Speaker 01

  I do.

• 2:04Caleb Hammer?

  Fifty bucks an hour with kids? How many kids? Kid or kids?

• 2:07Speaker 01

  Two kids.

• 2:08Caleb Hammer?

  Multiple kids? Ages?

• 2:09Speaker 01

  Five and three.

• 2:11Caleb Hammer?

  Okay, so you had a kid at nineteen and then twenty-one. Okay. So child support, that means you are no longer with the donor.

• 2:21Speaker 01

  No, we're divorced, yeah.

• 2:23Caleb Hammer?

  Divorced? You were married already. My goodness, where am I at twenty-nine? Am I losing this game of dating? Obviously.

• 2:32Speaker 01

  You're good, I think. You're good, right?

• 2:36Caleb Hammer?

  Uh, okay. Really? So what comes in child support?

• 2:40Speaker 01

  Uh, eight thirty-five.

• 2:43Caleb Hammer?

  Why did I have a thousand nine? What are your numbers are all different?

• 2:47Speaker 01

  I know, cuz um, something went wrong with his bank at his old job and then he transferred it to a new one, so they sent me like a random payment.

• 2:54Caleb Hammer?

  So you say normally that hits your account for payroll is about twenty-five hundred?

• 3:00Speaker 01

  Yeah, I'd say.

• 3:01Caleb Hammer?

  How do you live in Austin with two kids on twenty-five hundred?

• 3:05Speaker 01

  Well, my fiance pays for like a good bit of our bills. I pay half the rent and then whatever else I can help with, like my car payment.

• 3:12Caleb Hammer?

  If your fiance is paying for a good half of the bills, why are you overdrafting? Why are you missing payments? Uh. Why is everything here beyond not to the level of, oh, it's cuz I have a lot of bad debt? No, late payments, overdrafting, it's beyond. Why? If he's taking care of some of the payments or you guys way over she, okay, if you guys are way over living?

• 3:38Speaker 01

  Um, I spend a lot of money. I spend a lot of money. I like to spend money.

• 3:43Caleb Hammer?

  Uh huh. So you say twenty-five hundred hits your account. You you feel confident about that number? Cuz again, I had thirty-five, so you feel confident that normal is twenty-five?

• 3:52Speaker 01

  A payroll, yeah.

• 3:54Caleb Hammer?

  Well, yeah.

• 3:54Speaker 01

  Yeah. Just payroll.

• 3:57Caleb Hammer?

  It was a three paycheck month, that's why. It was one of those rare.

• 4:00Speaker 01

  Oh, you got me, yeah.

• 4:02Caleb Hammer?

  That's why.

• 4:03Speaker 01

  I am getting a new job, though, that pays more.

• 4:05Caleb Hammer?

  Oh, what?

• 4:07Speaker 01

  Um, it's a band, other retailer in the mall, not a skate shop, but like more casual.

• 4:10Caleb Hammer?

  What are you gonna be making?

• 4:11Speaker 01

  Eighteen an hour.

• 4:12Caleb Hammer?

  Wow, overtime?

• 4:14Speaker 01

  Yeah.

• 4:15Caleb Hammer?

  Commission?

• 4:15Speaker 01

  Uh, no, no commission. Sometimes.

• 4:18Caleb Hammer?

  Is it, is it gonna make up?

• 4:19Speaker 01

  I think so. I don't make really that much commission during down period. So it's definitely gonna average out better.

• 4:26Caleb Hammer?

  Okay, eight, yeah, I mean, that's a, it's a good little jump.

• 4:30Speaker 01

  Yeah, especially because I like to work a lot.

• 4:32Caleb Hammer?

  Your fiance takes care of half the bills? What does your fiance do? When are you guys getting married?

• 4:36Speaker 01

  Uh, she's in tech and I don't know when we're gonna get married.

• 4:39Caleb Hammer?

  Tech, so she probably makes money?

• 4:41Speaker 01

  Yeah, she makes some money.

• 4:43Caleb Hammer?

  What are you guys doing? What is like your guys'?

• 4:46Speaker 01

  Like, what do we do with our money?

• 4:48Caleb Hammer?

  Are you guys together money? Are you guys?

• 4:50Speaker 01

  So we have a, a together account and she has her own account and I have my own account. And we have like a together, like savings account. That's where our bills come out of.

• 4:59Caleb Hammer?

  Your bills comes out of savings?

• 5:01Speaker 01

  Yeah.

• 5:02Caleb Hammer?

  Does that make any sense?

• 5:04Speaker 01

  No.

• 5:04Caleb Hammer?

  You're literally overdrafting in your checking account.

• 5:07Speaker 01

  Yeah.

• 5:08Caleb Hammer?

  Why would bills be coming out of savings? And if bills are coming out of savings anyway, then why are we overdrafting if bills are coming out of savings?

• 5:15Speaker 01

  Well, that's where I know there's gonna be money, for sure, in the savings account. So I had the bills come out.

• 5:20Caleb Hammer?

  Why do we need multiple a trillion different accounts? Cause again, we are overdrafting and missing payments, so why do we need to overcomplicate?

• 5:27Speaker 01

  It's, it's like an organization, like the bills come in.

• 5:30Caleb Hammer?

  Yeah, and how's that organizing doing? Usually we organize so that we accomplish some kind of goal.

• 5:34Speaker 01

  Yeah, well, the goal was that if I keep it in that account, that I won't transfer it out to spend it, but then I, I just transfer it out anyway.

• 5:43Caleb Hammer?

  To?

• 5:44Speaker 01

  Like to my checking, to my spending checking.

• 5:47Caleb Hammer?

  To your spending checking? We should have spending checking when we have two kids and a mountain of debt and we're missing payments?

• 5:53Speaker 01

  Yeah, I, I, I, it's not realistic for me to not spend any money.

• 5:57Caleb Hammer?

  Not saying that, but you have a whole fucking spending account.

• 6:00Speaker 01

  Yeah, that's just what I call it, like a spending account.

• 6:03Caleb Hammer?

  A spending account that you're overdrafting.

• 6:05Speaker 01

  Yeah, but I put it in there after overdrafts. Like, they get overdraft notifications. So then I like put it back.

• 6:13Caleb Hammer?

  Why wouldn't you spend only the money you have? I'm confused.

• 6:16Speaker 01

  Well, I have it. It's in a different account.

• 6:18Caleb Hammer?

  No, then why didn't we need multiple? That's what?

• 6:21Speaker 01

  I'm sorry, I'm a nervous laugher.

• 6:24Caleb Hammer?

  Uh huh.

• 6:24Speaker 01

  A giggler.

• 6:25Caleb Hammer?

  Yeah.

• 6:29Caleb Hammer?

  Okay. Huh?

• 6:31Speaker 01

  You're not a giggler.

• 6:32Caleb Hammer?

  Now, when I'm talking about someone literally fucking their entire life, you have kids. This isn't about you.

• 6:38Speaker 01

  I know. That's, I like it better.

• 6:40Caleb Hammer?

  So this isn't some cutesy little thing?

• 6:43Speaker 01

  Yeah. I just, I have a problem with spending.

• 6:45Caleb Hammer?

  What is your, okay, eighteen, that's not bad, but Austin is the most expensive city in Texas. What is your desired career path? Because I don't, like, eighteen's gonna be hard to survive on two kids.

• 6:55Speaker 01

  Yeah, I mean, I wanna continue in retail.

• 6:58Caleb Hammer?

  Why specifically? That's okay, but why?

• 7:00Speaker 01

  I really love talking to people, like, and getting to find what they're looking for.

• 7:04Caleb Hammer?

  Okay, go on.

• 7:05Speaker 01

  Like, helping them find, like, something that makes them feel good and outfit that makes them feel good and, like, selling stuff that I believe in. So, like, I buy a lot of clothes.

• 7:13Caleb Hammer?

  Sounds like maybe you could do sales and make much more.

• 7:15Speaker 01

  I mean, it's sales.

• 7:17Caleb Hammer?

  Yeah, but sales, it sounds like you could do sales and make much more.

• 7:20Speaker 01

  Yeah.

• 7:20Caleb Hammer?

  Like, normal sales.

• 7:21Speaker 01

  But I don't wanna sell, like, a car and then not be authentic.

• 7:24Caleb Hammer?

  I'm not saying, I'm not saying sell a car. There's a lot of things. You could be, listen, I'm not saying it's necessarily wrong. This is gonna be really hard to get ahead, especially with the mountain of debt that you got yourself in.

• 7:32Speaker 01

  Yeah.

• 7:33Caleb Hammer?

  Because I, I am so lucky to be in a position where I'm able to connect you with so many things. I can get you a course careers certification for tax sales, then you can work in tax, just like, uh, the fiance. You know, there's a lot of different things, but you can go a lot of different places. We could do, we could do a customer service one. There's a lot of different things where you're talking to a lot of people and you're not stuck at eighteen an hour in the most expensive city in Texas.

• 7:53Speaker 01

  My dream is to have my own salon, like, via customer.

• 7:55Caleb Hammer?

  That's completely different.

• 7:57Speaker 01

  Yeah, completely different.

• 7:57Caleb Hammer?

  So what the fuck are we doing then?

• 7:59Speaker 01

  Well, I can still talk to people.

• 8:00Caleb Hammer?

  Yeah, but why are we trying to do, why are we forcing ourselves to stay in retail if that's our dream?

• 8:06Speaker 01

  Cause I still love it.

• 8:07Caleb Hammer?

  Okay.

• 8:08Speaker 01

  Like, right now, that's what I love to do. Eventually, I would love to do hair, cause I cut my friends' hair and stuff.

• 8:12Caleb Hammer?

  Let's say three thousand's gonna come in, okay?

• 8:14Speaker 01

  Okay.

• 8:15Caleb Hammer?

  Through the new pay, through everything. All right, and then eight fifty, was it? Eight fifty for child support?

• 8:22Speaker 01

  Uh, yeah, eight hundred and fifty.

• 8:23Caleb Hammer?

  Okay, so three thousand eight hundred fifty. Cool, how much did you spend in this last month?

• 8:28Speaker 01

  I don't even know.

• 8:30Caleb Hammer?

  That's not an answer.

• 8:32Speaker 01

  Probably like...

• 8:35Speaker 01

  Close like probably two grand.

• 8:38Caleb Hammer?

  You spent two grand this last month?

• 8:40Speaker 01

  Probably.

• 8:40Caleb Hammer?

  It's a lot of money.

• 8:41Speaker 01

  Yeah.

• 8:42Caleb Hammer?

  Yeah, you spent eight thousand three hundred nineteen. So what the are you talking about? You don't know a single thing about your numbers, obviously.

• 8:49Speaker 01

  Eight thousand.

• 8:50Caleb Hammer?

  Yes, eight thousand three hundred nineteen dollars. How in the world could you be off by six thousand dollars? That is crazy. How possibly? And not even that, but it's more than double what you're gonna make at your new job or on a three paycheck month job? Plus child support. Money from the daddy.

• 9:09Speaker 01

  Um, well, is that that's on credit cards too, right?

• 9:12Caleb Hammer?

  Dude, it's all spending.

• 9:13Speaker 01

  Yeah.

• 9:14Caleb Hammer?

  It's all spending.

• 9:15Speaker 01

  Yeah, well, I had opened a new credit card.

• 9:17Caleb Hammer?

  You just opened a new card. Why would you be opening a new credit card? Two kids, two kids. What's your retirement looking like? What's your retirement looking like? You've been in retail forever.

• 9:27Speaker 01

  So I have, I was in restaurant management before I went to retail.

• 9:30Caleb Hammer?

  Okay.

• 9:31Speaker 01

  And I had a retirement fund with Panera when I worked there. And so after that, I stopped working for a little bit whenever we moved here. I said, okay, stay with the kids. And that didn't work out. That got us in like a worse position. So I started working again. And then I don't know where that retirement fund.

• 9:50Caleb Hammer?

  You just can't contact, contact Panera. See, see where they.

• 9:54Speaker 01

  Their corporate?

• 9:54Caleb Hammer?

  Yeah, just see where their 401Ks are traditionally managed and then they'll get you in contact with that management company.

• 10:01Speaker 01

  Yeah, I don't know how to move that over.

• 10:02Caleb Hammer?

  Okay, so are you telling me there's probably like a thousand dollars in retirement?

• 10:06Speaker 01

  It's like closer to three thousand.

• 10:07Caleb Hammer?

  Three thousand dollars in retirement. Okay, okay. But you're opening a brand new credit card.

• 10:13Speaker 01

  Yeah, so.

• 10:15Caleb Hammer?

  Instead of trying to make any progress towards any kind of exit, because you're not contributing to retirement now, are you? At the skate shop? How long have you been at skate shop?

• 10:22Speaker 01

  For like seven months.

• 10:23Caleb Hammer?

  Uh huh. So why are we opening a new credit card when we're not even contributing to retirement?

• 10:28Speaker 01

  So I.

• 10:28Caleb Hammer?

  We have kids.

• 10:29Speaker 01

  I wanted to get the shoe rack by the front of my house um to put like the kids shoes in. It's like an organizer to put the shoes in. Because like they were just thrown.

• 10:38Caleb Hammer?

  We don't retire so that we can organize shoes?

• 10:41Speaker 01

  Well, I got it. I was thinking that I was gonna do like a payment plan on it, like a Klarna.

• 10:46Caleb Hammer?

  Why?

• 10:47Speaker 01

  Uh, because the shoes were a mess. They were all.

• 10:50Caleb Hammer?

  But your debt's already so out of control. Why does it have to be then instead of spending the money that you make?

• 10:54Speaker 01

  Well, I always think that I'm gonna put like a bigger purchase on the card and then I'm gonna slowly pay it. So I don't have to pay it all like.

• 11:01Caleb Hammer?

  Do you know, do you understand interest?

• 11:03Speaker 01

  Um, kinda. It has zero.

• 11:05Caleb Hammer?

  Explain.

• 11:06Speaker 01

  Six months.

• 11:07Caleb Hammer?

  Oh, that new card.

• 11:08Speaker 01

  Yeah.

• 11:08Caleb Hammer?

  So you're gonna pay off something. You made it sound like that. That's just how you use credit cards.

• 11:12Speaker 01

  That is how I use credit cards.

• 11:14Caleb Hammer?

  Do you not understand interest?

• 11:16Speaker 01

  No, not really.

• 11:17Caleb Hammer?

  Explain interest to me.

• 11:18Speaker 01

  Okay, so you sign up with an interest rate and then if you don't pay off your balance, they charge you the interest for the month.

• 11:26Caleb Hammer?

  Kind of. I mean, yeah, it's amateurized over the year down to the month. Okay. So either way, we I'll explain that when we actually get to one. How much was the shoe rack?

• 11:34Speaker 01

  Hundred and ninety-five dollars.

• 11:36Caleb Hammer?

  We opened up a credit card to make a hundred ninety-five dollar purchase?

• 11:40Speaker 01

  Well, I I also thought that having a higher credit like utilization would be good for my credit.

• 11:46Caleb Hammer?

  It has been out of you.

• 11:48Speaker 01

  I wasn't planning on using the.

• 11:50Caleb Hammer?

  You weren't planning on using. Wait, you ended up using more than just a hundred ninety, whatever?

• 11:54Speaker 01

  Yeah, that's.

• 11:55Caleb Hammer?

  I what?

• 11:56Speaker 01

  Spending is on.

• 11:58Caleb Hammer?

  Well, I mean, that makes sense if we're literally spending double of the top side of fucking income. That's not funny.

• 12:03Speaker 01

  No, it's not.

• 12:04Caleb Hammer?

  Okay, so what?

• 12:06Speaker 01

  Um, so we went to Vegas.

• 12:09Caleb Hammer?

  You.

• 12:10Speaker 01

  Uh.

• 12:10Caleb Hammer?

  And what? No offense. In what world can you afford to go to Vegas? Well, you're not entitled to go to Vegas. You're not.

• 12:16Speaker 01

  It's the When We Were Young concert. The When We Were Young concert.

• 12:22Speaker 01

  The Vegas concert.

• 12:23Caleb Hammer?

  I've never heard of that in my life.

• 12:25Speaker 01

  It's all the emo band. Yeah, we do it every year. It's all the emo bands that like we listen to as teenagers.

• 12:31Caleb Hammer?

  Why do you think that you can go?

• 12:33Speaker 01

  Well, we did a lot of it on the firm in Klarna, uh, so that we could pay it off slowly. And then, um.

• 12:39Caleb Hammer?

  Who's we?

• 12:40Speaker 01

  Me and my fiance.

• 12:41Caleb Hammer?

  I thought they made money.

• 12:43Speaker 01

  They do.

• 12:44Caleb Hammer?

  So they that that I'm no I'm not convinced that them making money is actually even like beneficial to them. I have a feeling if they're talking about Klarna and all these things, I have a feeling that they're just they're they're just.

• 13:00Caleb Hammer?

  Financing and doing all these extra things even more than you are.

• 13:03Speaker 01

  Not more, I'd say.

• 13:05Caleb Hammer?

  Then why are they even doing it? You have cash.

• 13:08Speaker 01

  Well, we didn't have any cash available.

• 13:09Caleb Hammer?

  Why wouldn't you if you both are working?

• 13:12Speaker 01

  Well, we were planning on not going.

• 13:13Caleb Hammer?

  You couldn't get a hundred ninety-five dollar fucking shoe rack. She works in tech and that's at least a third of your you know, hours.

• 13:20Speaker 01

  Well, uh, so it was kind of that mindset of like that we put it on there and we can slowly pay it off instead of just paying it all up front.

• 13:28Caleb Hammer?

  Why did you not have the money is what I am asking.

• 13:30Speaker 01

  I probably spent it.

• 13:32Caleb Hammer?

  Okay, what about your fiance?

• 13:34Speaker 01

  Uh, a lot of bills, I'd say.

• 13:37Caleb Hammer?

  What's a lot of bills? What are we doing? What are the bills? What is our situation? What are we looking at today? How about that?

• 13:42Speaker 01

  Back to the beginning, okay.

• 13:43Caleb Hammer?

  No, not even the beginning. I want to know what are we looking at today?

• 13:46Speaker 01

  Okay, so we have our rent that we split and then it's twenty-three hundred twenty.

• 13:54Caleb Hammer?

  I'm not asking for numbers. I'm just trying to figure out where are you? Just like what is, what is your situation?

• 14:00Speaker 01

  I have an impulse spending issue.

• 14:04Caleb Hammer?

  Okay, this seems to be the issue with every single person on the show. If you recognize it, what are you doing to counteract it?

• 14:10Speaker 01

  And I, I'm scared to look at it most of the time.

• 14:13Caleb Hammer?

  Why everyone says that too?

• 14:16Speaker 01

  Well, I get overwhelmed looking at it. Like I, I look at it and I'm like, I get panicky and a little overwhelmed.

• 14:22Caleb Hammer?

  Really? You get all sweaty and stuff? Okay. Now, I understand not looking at it because of like, yeah, it causes a lot of anxiety. But why does that mean that we continue the worseness that ca-

• 14:33Speaker 01

  I'm just used to it.

• 14:35Caleb Hammer?

  Yeah, but if you know, if you look at your accounts from the history of this last month with your bad behavior, that it would cause anxiety.

• 14:44Speaker 01

  Yeah.

• 14:44Caleb Hammer?

  Then why continue that behavior if you know the next time you look at your accounts, it would cause anxiety? Maybe instead, we change the behavior for a couple of months and then we feel more comfortable looking at the account because we know we've been doing okay.

• 14:56Speaker 01

  So I've tried to do that where I'll get really good and then I like deprive myself of any kind of spending because I don't know what a-

• 15:03Caleb Hammer?

  I'm not saying go fucking Belimic.

• 15:05Speaker 01

  Well, I don't know what a good spending budget is. Like I just don't factor that into when I'm looking at my bills and everything. I'm like, no spending, no spending at all. And then I do spend, of course. So we end up back here and yeah. I, I try to do it and, and I deprive myself and then I get crazy and I buy a bunch of stuff.

• 15:27Caleb Hammer?

  I'm obviously going to put you through our debt program, our budgeting program to teach you the skills of how to do that, but you have to do it on your own. You have to take the education, you have to take the quizzes. There's a lot of things we're going to do and for the anxiety part, I, I, I can do three free therapy sessions with Sander mine as well.

• 15:46Speaker 01

  I go to psychiatrists.

• 15:47Caleb Hammer?

  Well, there we go, but we can get you three sessions if you want as well. And they can help focus on the money part. There's, I think, a discount for the audiences. Well, there, there's a lot of different things we can do. There's a lot of different resources I have connections with that we can hook you up with. But you actually have to put in the work, you have to put in the work of talking to therapists about your issues when it comes to cutting back to zero. If you're not willing to look at an account and you're not willing to address whatever issues as a why you're not willing to look at an account, then we are never, ever going to fix this. It is simple as that, it's never going to be done. If you are too afraid to ever get on there.

• 16:17Speaker 01

  Well, it's not just fear too. I, I also don't have a lot of free time, uh, cause I work a lot.

• 16:22Caleb Hammer?

  So you work like forty-five hours a week when you work your normal week.

• 16:25Speaker 01

  I have kids at home too, so.

• 16:26Caleb Hammer?

  Well, yeah, they go to bed.

• 16:28Speaker 01

  Yeah, and I have to go to bed because I have to work in the morning.

• 16:31Caleb Hammer?

  For all of you that are spending a little extra around the holiday season, don't make this mistake. Between all the gifts, travel and gatherings, the holidays are a wonderful time of year. Tell you wake up and start to feel the credit hangover. So don't fall into credit death and take the headache out of building credit fast with today's sponsor, Kikoff. Kickoff is the number one credit building app on the app store with over a hundred thousand positive reviews. Ninety-eight percent of them being five stars. Trust me, it's perfect for you guys because so many of you are trying to fix past mistakes or just start building credit from scratch. Whether you're aiming to get approved for a car, a home, or just a better financial opportunity, Kickoff makes it simple. My personal favorite part is you can sign up in minutes from your phone

• 17:16Caleb Hammer?

  and the app interface is super easy to use. Even my grandma could get on board. Kickoff lets you start improving your credit immediately, all for just five dollars a month. No credit checks, no hidden fees and no interest. It's simple, make on-time payments, credit bureau see good behavior and boom, your credit grows. You can build credit in your sleep without a pay. You never have to worry about missing a payment. And if your credit is under 600, you could jump up like 28 points in just your first month. So don't worry about your credit and enjoy the holidays more with Kikoff. For a limited time, get your first month free. Go to getkikoff.com slash Caleb today. Hurry for a month of free kickoff without the C.

• 17:59Caleb Hammer?

  Get K I K O F F dot com slash Caleb. Must sign up via getkikoff.com slash Caleb to activate offer. Offer applies to new kickoff customers. First month only. Subject to approval. Average impact to 28 point increase in first month based on Equifax Vantage Score 3.0 changes for kickoff customers starting credit below 600 who make their first on time payment between January 2021 and March 2024. Payment and credit activity outside of kickoff can have an impact on your credit. Terms and conditions may apply. Offer subject to change and individual results may vary. Like I said, worry less about your credit and enjoy the holidays more with kickoff. Head to getkikoff.com slash Caleb and get started today. Thanks to kickoff for sponsoring today's episode. Let's go back into it. No, okay, what time do you wake up?

• 18:44Speaker 01

  I wake up at like, uh, well, to get my son to school, I wake up at six.

• 18:47Caleb Hammer?

  Okay. Can you go to bed?

• 18:48Speaker 01

  I go to bed around eight, three or nine.

• 18:51Caleb Hammer?

  You could push it to 10 and look at an account. Can also do it on, I know you have a day off.

• 18:56Speaker 01

  Well, if I don't get like nine hours of sleep.

• 18:58Caleb Hammer?

  I know you have a day off.

• 19:00Speaker 01

  Yeah, I run a lot of errands on my days off.

• 19:02Caleb Hammer?

  Uh huh. It isn't 10 to six. No, that's eight hours of sleep.

• 19:07Speaker 01

  Yeah, I need like nine hours of sleep.

• 19:09Caleb Hammer?

  Even still, I'm not saying deprive yourself in life whatsoever, but even just putting them down for, uh, having them watch a movie or a show for a couple hours every other week, that allows you to start making progress at this, huh?

• 19:24Speaker 01

  They're needy.

• 19:24Caleb Hammer?

  I know, I'm just saying you can find a couple hours a month, a month. I'm not saying a day, I'm saying a month. And if you're not willing to do that, then you're never going to do this. And also look at them when you do it, because guess what? It's for them.

• 19:38Speaker 01

  Yeah.

• 19:38Caleb Hammer?

  Your retirement is nothing. You're 24, it wouldn't be substantial anyway, but you're not on track for anything. You're not taking advantage of any kind of compound growth or any kind.

• 19:47Speaker 01

  Yeah. I mean, I'm forgetful when it comes to that stuff too.

• 19:50Caleb Hammer?

  What stuff?

• 19:51Speaker 01

  Like budgeting.

• 19:53Caleb Hammer?

  No, that's why you have to take the programs and go through it and stick to the education. But being forgetful is not going to do anything. Are you forgetful of your kids?

• 20:00Speaker 01

  No.

• 20:01Caleb Hammer?

  Well, guess what? If you're forgetful of your budget, you are [BLEEP] them. So in a way you are, okay?

• 20:06Speaker 01

  Yeah.

• 20:06Caleb Hammer?

  Right now, you're investing that is instead going to bullshit or going to Vegas or whatever it is and not in your checking account causing overdraft fees, not making debt payments, causing late fees. That should be in your retirement compounding. So by the time you're ready to retire, you have a couple million bucks, which you could do even at eighteen bucks an hour. We could get there if we properly actually took advantage of time.

• 20:31Speaker 01

  That's crazy. I'm out of money.

• 20:33Caleb Hammer?

  It is, but also you have to remember money is going to be worth about half what it is now by the time we retire, but that's.

• 20:38Speaker 01

  Yeah. Well, the Vegas thing was a lot. There was, there was a lot that went on there.

• 20:42Caleb Hammer?

  What? Huh? What do you mean?

• 20:44Speaker 01

  So we weren't gonna go at first and then

• 20:47Caleb Hammer?

  Correct. You should have.

• 20:48Speaker 01

  We decided that we were gonna go because my chemical romance was going and they don't, they don't tour often. They just opened a new tour, but they don't tour often and they were playing the full black parade. So we decided that we were gonna go, um, kind of like on a whim. It was like a month's notice. So we got the hotel on my PayPal card. Um, and then my fiance booked the flight and um, then I got the tickets on the Klarna and then

• 21:15Caleb Hammer?

  On what?

• 21:16Speaker 01

  On Klarna. Yeah. Yeah. One of my besties, Klarna. Uh, but then, um, so we got to the airport. My friend dropped me off and it was the wrong terminal. And there was a whole mix up with the tickets where we got there super late. Uh, not our fault, but we got there super late. It was the wrong terminal. And so we missed that flight. And so then my fiance, seeing that I was upset, uh, got a new flight.

• 21:42Caleb Hammer?

  Did you have to pay for it?

• 21:44Speaker 01

  She paid for it on

• 21:45Caleb Hammer?

  Okay. I thought, I just, I'm so, you guys, what, do you not understand just fucking money? Like the value of even a dollar? Why are you financing everything? It is hurting you and then you end up missing payments?

• 21:57Speaker 01

  Well, if we had to use the money that we were gonna use in Vegas, we wouldn't have any money in Vegas.

• 22:00Caleb Hammer?

  Cause you obviously couldn't afford to go to Vegas. If you have to finance to go somewhere, you can't afford to go.

• 22:05Speaker 01

  Well, it wasn't, we weren't supposed to have to buy another flight too.

• 22:08Caleb Hammer?

  You already Klarned the tickets.

• 22:09Speaker 01

  Yeah, we already had the tickets.

• 22:11Caleb Hammer?

  You already Klarned the tickets. You did not pay for them. You borrowed.

• 22:15Speaker 01

  We Klarned the tickets and the hotel was on my

• 22:18Caleb Hammer?

  Meaning you could not afford them.

• 22:21Speaker 01

  Yeah.

• 22:22Caleb Hammer?

  How is this so complicated?

• 22:23Speaker 01

  Well, we were gonna pay it off.

• 22:25Caleb Hammer?

  But and and where are we in the world of paying things off? Mispayments, over accounts, overdrafting.

• 22:33Speaker 01

  Yeah, the tickets are paid off. Uh, the other stuff I haven't worked.

• 22:37Caleb Hammer?

  When was this?

• 22:38Speaker 01

  This was October.

• 22:41Caleb Hammer?

  Okay, so this just happened, meaning I probably wouldn't be able to stop you from going to one in January if there was. For god's sake. Self-assess, where do you think you are today? Zero to 10 in a financial score range, zero being the absolute worst, 10 being the absolute best. Where do you think you are today?

• 22:56Speaker 01

  Oh, like a one?

• 22:58Caleb Hammer?

  Yeah.

• 22:59Speaker 01

  Is that accurate?

• 23:01Caleb Hammer?

  Probably. We'll see at the end. I'll give you your real score at the end. But the thing is, if you know you're one, just take five minutes to look at your damn accounts even. I'm not even saying go deep depth. Maybe you can tiptoe in until you figure it out. But just even understanding, you didn't know how much came in. You didn't know how much left. You didn't know how much you spent. I'm not saying go through every purchase, but you didn't even know.

• 23:24Speaker 01

  Yeah.

• 23:24Caleb Hammer?

  Anything. And that is so dangerous.

• 23:27Speaker 01

  Yeah, I mean, I just get that, like, dopamine when I spend money.

• 23:31Caleb Hammer?

  Oh, I know, I know.

• 23:33Speaker 01

  Um.

• 23:33Caleb Hammer?

  I, everyone knows.

• 23:35Speaker 01

  Well, I started my new job too, and I didn't have, like, clothes that would work super well.

• 23:40Caleb Hammer?

  Your new job? The one, the new retail job?

• 23:42Speaker 01

  In Jimmy's. So I didn't have a lot of.

• 23:44Caleb Hammer?

  In nine months ago?

• 23:46Speaker 01

  Yeah, so, well, when I started that new job, I got clothes that matched the style, because it's easier to sell if you're wearing the clothes that you sell.

• 23:55Caleb Hammer?

  You could have got just a couple and repeated them endlessly.

• 23:58Speaker 01

  Yeah. Well, I, I went over how much I spent.

• 24:02Caleb Hammer?

  But that seems to be how you do everything.

• 24:03Speaker 01

  I did look into how much I spent, and it was like four grand in the last seven months of clothes. And shoes. I got shoes too. Every once in a while, I'll buy a gift from there as well.

• 24:17Caleb Hammer?

  What?

• 24:18Speaker 01

  Because I get half off.

• 24:19Caleb Hammer?

  Because you get a half off, but you just can't afford to spend money. I don't think, that's what so many people don't realize that end up in your position. It's just because you see a discount, or just because you can see a justification why, does not mean it. All of a sudden mathematically, actually makes sense in the end. You are literally missing payments.

• 24:34Speaker 01

  Well, I get half off because I make the top sales.

• 24:37Caleb Hammer?

  Congratulations. And guess what? You make the top overdraft in yourself. Like, you win that competition too in your own life, alright?

• 24:45Speaker 01

  Yay. If I don't laugh, I'll cry. So.

• 24:52Caleb Hammer?

  Can cry then take it seriously.

• 24:54Speaker 01

  Can't. I can't. I can't cry. I'm a crier. And my antidepressants make it very hard to cry. But anyway. Yeah.

• 25:05Caleb Hammer?

  Watch your hammer financial score. It's free. Link in the description below. And also feel free to come on the show. Austin, Texas. It's a fun little experience, but I'll also get you some verbal punches and then connect you with a lot of resources and we'll figure out your financial situation. Go to Caleb hammer.com slash apply. Easy application. It's Apple Card. I mean, just to start is huge for your income situation is huge. I mean, it's your literal monthly income with child support and better job. That's crazy. Why the is? Why do you? Why is it so high?

• 25:34Speaker 01

  Uh, well, it used to be more. It used to be. I used to have a minimum payment of like seventy five hundred or a minimum, uh, maximum amount. Yeah. Allowed spending amount. That's what I was looking for.

• 25:49Caleb Hammer?

  Credit limit. Okay.

• 25:50Speaker 01

  Credit limit. Thank you. Uh, of seventy five. And then I paid a good bit on it and they lowered my credit limit after I paid it.

• 25:58Caleb Hammer?

  Yeah, cuz you can't be trusted with it. You can't be trusted cuz you're not a credit card person.

• 26:03Speaker 01

  Uh, so, yeah. I mean, usually I use it to spend on because I get points back, like a cash back.

• 26:13Caleb Hammer?

  You people, you people, that's gonna kill me. That is gonna kill me.

• 26:23Caleb Hammer?

  Oh, the credit card industry has fucking won. They they won the war, guys. I mean, they they won.

• 26:28Speaker 01

  Well, every once in a while.

• 26:29Caleb Hammer?

  The fact that you think you're getting it's one point five percent daily cash back is the Apple Card. I have the Apple Card. It's fine cuz every once in a while I need to get something at Apple. Look, I got a little Apple Watch. Woo! But guess what? Your interest rate, what is it? What is it? What is it? What is it? You're twenty six point seven four. So you're getting one point five percent cash back. And then you're paying an extra 25%. So what the?

• 26:53Speaker 01

  It pays for like my little work, baby.

• 26:56Caleb Hammer?

  No, no, no, no, no, no, no, it is not because again you are paying. Hold on, do we have to? Can I have the whiteboard? Can I have the whiteboard with a marker? I, I need to, um. I, I must have to draw this out. Thank you.

• 27:11Speaker 01

  Visuals are helpful for me.

• 27:26Caleb Hammer?

  1.5 is smaller than 28. If both of these happen at the same time, what's the difference? 28 minus 1.5. What's the difference? What is, you have kids, you teach them, what's the difference?

• 27:46Speaker 01

  Yeah, well.

• 27:48Caleb Hammer?

  What's the difference?

• 27:49Speaker 01

  It's like the minimum.

• 27:49Caleb Hammer?

  What's the difference?

• 27:50Speaker 01

  Payman.

• 27:51Caleb Hammer?

  What's the difference?

• 27:52Speaker 01

  Yeah, it's smaller.

• 27:54Caleb Hammer?

  What's the difference?

• 27:55Speaker 01

  Yeah.

• 27:55Caleb Hammer?

  28 minus 1.5, what's the difference?

• 27:57Speaker 01

  Oh, I'm not good at math.

• 28:01Caleb Hammer?

  28 minus 1.5, take away one from eight.

• 28:05Speaker 01

  26.5. Woo, I'm 24 years old.

• 28:09Caleb Hammer?

  So there's your, there's your delta. You are getting an extra 26.5% fee. Cause every time people like you say, I'm getting money. And now you're trying to say, but it gets you your little drink, but, but, but it's not. Because again, you are losing 26.5. 26.5 is what you are losing. It is actually preventing you from getting more drinks. How much is a drink?

• 28:32Speaker 01

  Uh, it's like 250.

• 28:34Caleb Hammer?

  Okay, so.

• 28:35Speaker 01

  Next to my work.

• 28:36Caleb Hammer?

  So, uh, $2.50?

• 28:38Speaker 01

  Yeah, and I get Starbucks in the morning.

• 28:41Caleb Hammer?

  Do you get Starbucks every morning?

• 28:43Speaker 01

  Every morning that I work.

• 28:45Caleb Hammer?

  And you probably work five times a week?

• 28:47Speaker 01

  Yeah.

• 28:48Caleb Hammer?

  Okay, someone needs to shoot you.

• 28:50Speaker 01

  Well, it it get you get good rewards too. Like you get a free drink.

• 28:55Caleb Hammer?

  After after you spend what?

• 28:57Speaker 01

  It's a hundred stars. Every star dollar, so a hundred, a hundred dollars to get a free drink.

• 29:04Speaker 01

  And.

• 29:04Caleb Hammer?

  A hundred, a hundred, you spent a hundred dollars and you get like two hun- two dollars fifty cents to get like, uh, the two point five percent. So you get an eighth, okay, so you get like a little eight percent thing. Little, little eight percent for every hundred you spend, right?

• 29:19Speaker 01

  And you get.

• 29:19Caleb Hammer?

  Right?

• 29:20Speaker 01

  Well, you do the reload on the app and then, um, you reload like the ten dollars whenever you order on the app. And then you subtract the drink and then eventually, girl math, you get a free drink.

• 29:31Caleb Hammer?

  Oh, shut the fuck up. That's a joke, right? You're not actually girl mathing.

• 29:35Speaker 01

  No, it's, it's a joke, but it's true. You get like a, you get an extra drink where you don't have to reload that day.

• 29:40Caleb Hammer?

  You don't understand. The thing is, so, okay, so it's, it's what?

• 29:44Speaker 01

  Yeah. You get a free drink.

• 29:47Caleb Hammer?

  Oh, yeah, I'm between like multiple examples right now. My brain is not. Eight dollars a drink, so you get twelve drinks. You get essentially twelve drinks.

• 29:56Caleb Hammer?

  Twelve drinks, I could get you twelve cups of coffee at home

• 30:02Caleb Hammer?

  for ten dollars. Ten dollars!

• 30:04Speaker 01

  I don't get to sleep as much.

• 30:05Caleb Hammer?

  Huh?

• 30:06Speaker 01

  I make coffee at home, I wake up earlier.

• 30:08Caleb Hammer?

  You have to stop to Starbucks before you get to work. That takes time.

• 30:11Speaker 01

  Well.

• 30:11Caleb Hammer?

  What the fuck are you talking about?

• 30:13Speaker 01

  App and then it's like already ready.

• 30:14Caleb Hammer?

  But you still have to wait whatever line is there. What the fuck are you talking about? You could have the, hey, you could have the pre-brew coffee. You could set it up the night before or you could even fucking cure it. You can still get ten with it or, yeah, well, a pod can't be, it's like fifty cents a pod, right? You know how much you're saving? What's bigger, fifty cents or eight dollars?

• 30:33Speaker 01

  Eight dollars.

• 30:34Caleb Hammer?

  Uh huh. So you have to spend a hundred sixty-six dollars and sixty-seven cents in order for that one point five percent to equal one of your two dollar and fifty cent drinks at work. Okay?

• 30:45Speaker 01

  Okay. Well, I.

• 30:46Caleb Hammer?

  Right?

• 30:47Speaker 01

  Right.

• 30:47Caleb Hammer?

  Right?

• 30:48Speaker 01

  Yeah.

• 30:48Caleb Hammer?

  But actually, every time you spend that hundred sixty-six point six seven over the course of the year, after the delta of the twenty-six point five percent interest rate, right? Is what we agreed is in between, right?

• 31:01Speaker 01

  Right.

• 31:01Caleb Hammer?

  Correct?

• 31:02Speaker 01

  Right.

• 31:02Caleb Hammer?

  Are we following?

• 31:03Speaker 01

  Yes.

• 31:04Caleb Hammer?

  It's really not. You are literally losing.

• 31:09Caleb Hammer?

  Forty-four dollars.

• 31:10Speaker 01

  That's what makes up like the minimum payment.

• 31:13Caleb Hammer?

  Again, to you, you think you get $2.50 after $166 a purchase. You're actually losing $44. Let's do this. Over the course of a year.

• 31:24Speaker 01

  Oh, over a year.

• 31:25Caleb Hammer?

  That is 17 and a half of your drinks at work. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space online. We have our budgeting program where I teach you how to create, manage, and revolutionize your budget and control your money. And then there's the investing program where I teach you to define what investing profile applies to you and your life, and then teach what specific investing strategies applies to you in that situation. And now finally, we have our debt program where I teach you the best ways to pay off debt, manage debt, and even take advantage of good debt. This has been a revolutionary project that we've been working on for over a year now.

• 32:09Caleb Hammer?

  And just like over 10,000 people who've already taken our educational programs, you can now take advantage of all three of them bundled together at a 15% discount. I've heard from thousands of people now who've taken these classes and they've literally changed their lives for the better. And finally, you can too, at a more affordable price. Head to CalebHammer.com or click the link in the description below. You will not regret this. You, if you actually did not purchase on this card, you'd be able to get 17 more drinks at work.

• 32:42Speaker 01

  I don't always buy on this.

• 32:43Caleb Hammer?

  Does that make sense?

• 32:44Speaker 01

  Yeah.

• 32:45Caleb Hammer?

  I'm trying to make the math work for you. Do you understand that because the 28 is larger than the 1.5, with the 26.5 in the middle, with the money you are losing purchasing on this card thinking you are getting free stuff, you're actually losing your ability to purchase 17 drinks that you could have if you just used cash? Does that make sense?

• 33:07Speaker 01

  I never carry cash.

• 33:09Caleb Hammer?

  A debit card. Come on dude. Come on dude. It could be a credit debit card. A debit card you could. You can also put debit card on a fucking Apple Pay.

• 33:21Speaker 01

  Yeah, I do have it on there too. But it takes longer to-

• 33:24Caleb Hammer?

  Then it would be that. Why'd you have to say that then?

• 33:28Speaker 01

  Cause it takes longer to transfer from my bank.

• 33:29Caleb Hammer?

  Oh my gosh, who gives a f- who gives a f- you're gonna use one account instead of making things overly complicated? For every single but, but, but, but, but you say there is a simple solution. There's a simple solution.

• 33:42Speaker 01

  I feel like it goes a lot faster if I keep it all in my checking. Cause then it's like readily available.

• 33:46Caleb Hammer?

  Oh, I'm gonna give this back to Mama Lindsay, cause I'm just gonna keep hitting it. This is ridiculous. This is crazy. Jake is telling me, if you like espresso, if you wanna make a little espresso, fruity little drink, you can get a Mocha Pot for 15 bucks and it's close enough. There you go.

• 34:02Speaker 01

  A what?

• 34:03Caleb Hammer?

  Mocha. M-O-K-A Pot. I don't know, but he knows. And he likes coffee. Yes, and you can put in, you can frothy little monkey, get a little frother for five bucks.

• 34:11Speaker 01

  Espresso.

• 34:14Caleb Hammer?

  Just a f- espresso. I'm gonna punch a hole through this table.

• 34:18Speaker 01

  They have the good syrups.

• 34:19Caleb Hammer?

  You don't give a shit to kids.

• 34:21Speaker 01

  I do.

• 34:22Caleb Hammer?

  No, you care about Starbucks more.

• 34:23Speaker 01

  No.

• 34:24Caleb Hammer?

  Yes. That is what you were doing. Nope, you care about Starbucks more. You care about your sweet little dopamine hit. Then their future. They could have a, they could, um, they could have a college fund. They could have a college fund. Their mom could retire without having to go to their kids saying, "I can't afford to live. I need help." And having to put their lives on hold in order to take care of you. You're actually choosing, you getting Starbucks over them. That is how it is actually working out in the end. Do you see that in the moment? Absolutely not. But that is how it is working out in the end. And that is what you are doing.

• 35:00Speaker 01

  Yeah, I want to do better for them. I really do.

• 35:03Caleb Hammer?

  Okay, then why haven't you?

• 35:04Speaker 01

  It's hard. It's hard. It's hard to give up the little

• 35:07Caleb Hammer?

  Yes, yes. Positive things in life, positive outcomes, big goals, they require hard things. They require some sacrifices.

• 35:14Speaker 01

  Yeah.

• 35:15Caleb Hammer?

  Okay?

• 35:16Speaker 01

  Okay.

• 35:17Caleb Hammer?

  I will allow you to use the Fizz card. It's another one of our resources, but at least it's a debit card that builds credit. You talked about utilization for one or credit age, whatever you mentioned. If you're going to use something, you can use that because it helps build credit, but it only allows you to spend what's actually in your checking account. And we know that you cannot manage for a single second what is in your checking account. So it'll at least do that for you.

• 35:39Speaker 01

  Yay. It's a Fizz card. Is it good?

• 35:43Caleb Hammer?

  Yes, I just explained.

• 35:45Speaker 01

  Okay.

• 35:48Caleb Hammer?

  Oh, good. We went to Spirit Halloween twice there. Oh, good. Oh, good. We did it.

• 35:59Caleb Hammer?

  You didn't pay off, you didn't pay off the concert tickets. You didn't pay off the concert tickets. You lied to me.

• 36:07Speaker 01

  I did pay it off.

• 36:08Caleb Hammer?

  No, you didn't.

• 36:08Speaker 01

  Yes, I did.

• 36:09Caleb Hammer?

  No, you didn't.

• 36:09Speaker 01

  I did.

• 36:10Caleb Hammer?

  Hey, shut the fuck up. No, you didn't. Because here's the thing. You cornered it, so you indebted it. Wonderful. In order to pay for your debt, you put it on your credit card. So your debt paid your debt.

• 36:24Speaker 01

  Well, I

• 36:24Caleb Hammer?

  Your debt paid your debt. You did not pay for it because now it is on this balance that is accruing interest.

• 36:30Speaker 01

  I transferred it from the bank and then paid it. Like I made the, you can see the transfers on there. Like I made the transfer and then I made the payment. Because it wasn't enough on the card to pay it.

• 36:42Caleb Hammer?

  Because you didn't have enough on the, so that's not even you making that extra payment. That's just you not having enough on the card to even make the bill. What's the point? You could have paid for it in your checking account. What's the point?

• 36:54Speaker 01

  I signed up for it on there so I could get the extra points.

• 36:56Caleb Hammer?

  We just went over points.

• 36:58Speaker 01

  I know.

• 36:58Caleb Hammer?

  We just went over points. That's the work.

• 37:00Speaker 01

  At the time, it was extra points.

• 37:02Caleb Hammer?

  Now it's a lot of extra interest. Yeah, you lost eighty-two dollars this month in interest.

• 37:09Speaker 01

  Yeah, that's why I had to pay.

• 37:12Caleb Hammer?

  Huh?

• 37:12Speaker 01

  That's why I had to pay to be able to use the card again.

• 37:15Caleb Hammer?

  Because, do you not realize how that is? If you have to pay because the interest is so high, because you leave such a big balance on there, in order to make another fucking purchase on a credit card, do, are we not in a situation? Do you not understand how that would be considered? If you, if the interest on the money that is already there is so big that it is pushing us to our limit? And the only way to be able to spend on our credit card is by paying off a little bit of it?

• 37:39Speaker 01

  Yeah.

• 37:39Caleb Hammer?

  We're probably fucked. Does it not make sense?

• 37:42Speaker 01

  It's the minute, I have to make the minimum payment anyway, at the beginning of the month.

• 37:45Caleb Hammer?

  Yes, I know. Oh my gosh, that's not the same thing as you putting a little extra so you can put it right back on, which will then just accrue the interest again. Eighty-two fucking dollars, congratulations. You could have got thirty-two of your special little work drinks, just in the interest accrued in one month.

• 38:03Speaker 01

  It's just like, that also takes a long time.

• 38:06Caleb Hammer?

  Gone, taken away from you. Taken away from you because you are choosing to spend on here, even after you make payments.

• 38:15Speaker 01

  Well, it takes a long time to pay it off.

• 38:17Caleb Hammer?

  Are you ever, how are you gonna survive in this world? No shit. Yes, I know. It takes longer to pay off when you spend more on it.

• 38:25Speaker 01

  Well, technically, I'm not spending more on it, because I'm making the payment.

• 38:31Caleb Hammer?

  Yes, you are, yes, you are, because the interest is accruing, allowing it to still go up.

• 38:36Speaker 01

  Okay, yeah, well.

• 38:38Caleb Hammer?

  You're still making it net go up. You have lost, it's borderline a thousand dollars this year, so far. You can't afford that, you do not make enough money to lose a thousand dollars a year. That is a substantial percentage of your income to just lose the interest on one of many things we're talking about today. One. You can't do that. Thousand dollars, two hundred and fifty cents, you could have got four hundred dollars of your work drinks. Four hundred of your work drinks, literally in just the interest you lost from this one card. Cause you don't know how to management and you don't know how to manage it. And then your excuse for putting purchases on there is well, you know, I made, I took it down from the absolute credit limit.

• 39:21Caleb Hammer?

  So I can put my money on there while interest is accruing. No, this is a fucking joke. This is what a child does with their money. And you actually have regaled children, okay? And you're gonna pass this on to them because that's what happens. You're not gonna be able to do the things you want to do when your max gets, your debt gets completely maxed out and you no longer have the ability to spoil them the ways they want to. And they're gonna learn real hard and real quick what happens when things get. And we already know you've been married, so you follow the statistics of, yeah, not every marriage works out. What, only fifty percent of them? Cool, congratulations. You need to protect yourself. I'm not saying you guys aren't gonna get married. I'm not saying you guys are gonna get divorced, but you've already proven early in adulthood that sometimes it happens.

• 40:02Caleb Hammer?

  And it is good for you to have a little bit of protection. What would happen without the large part of the income of the household? Right now, what would happen? You wouldn't be able to pay on your debts. You wouldn't be able to survive. And yet you have the kids and the child support hardly covers anything. You are putting your children in a risky position that is unnecessary. And honestly, quite disgusting because of where you are spending your money. All for Starbucks, all for whipped cream, caffeinated juice, all that.

• 40:30Speaker 01

  Well, yeah.

• 40:32Caleb Hammer?

  Is more important.

• 40:32Speaker 01

  If, if we, if, you know, God forbid, we didn't work out, like I know my parents would let me move in with them too.

• 40:39Caleb Hammer?

  Why are we talking about our parents being a fucking fallback? It is okay to help people when they go through hard situations, but you get yourself in a good position where you don't have to rely on others. Not expect to rely on others. You rely on others only when there is no other opportunity.

• 40:57Speaker 01

  Yeah.

• 40:58Caleb Hammer?

  All right. You know, I'm all about helping you avoid messing up your finances. So let me tell you about the Fizz Card. If you're a college student, or you're just not a credit card person, listen up. Fizz is a total game changer. And it's a debit card. It's the best way to build credit and budget your money. With Fizz, you're not dealing with any hidden fees, hard pulls, and no interest rates that'll eat you alive. It's just a debit card that builds your credit without costing you extra. And here's the kicker. Fizz links to your bank account and sets a spending limit based on what you actually have in there. So no maxing out on taquitos or impulse buys, because Fizz keeps you within your means. Fizz doesn't just help

• 41:41Caleb Hammer?

  you with better budgeting, it's a legit credit building. Plus, you earn cash back on the stuff you're already spending money on. So if you're ready to build credit the easy way, without stress, debt, or hidden fees, check out Fizz at joinfizz.com/caleb, or in the link in the description. And as a bonus for my audience, the first 10,000 people who sign up and use code HAMMER10, get a $10 signup bonus. Try out Fizz today and let me know what you think. Are you serious? That's gross. That is so gross. That is you literally never maturing beyond a 15-year-old. If you think I can just rely on mommy and daddy for my entire life and something were to go bad.

• 42:19Speaker 01

  That's to help me.

• 42:21Caleb Hammer?

  No shit. And that is okay. That is okay. But that is on the last straw. You are not preventing yourself from being in that position. That should not be your emergency fund as mommy and daddy. No, you have something set up. And if everything goes to absolute shit, and your parents want to help you, of course, but it'd be enabling bad behavior if they did help you because you never set yourself up for any kind of protection if something were to go bad. Because they're just allowing you to be a permanent 15-year-old your entire life. Yet somehow you have kids.

• 42:50Speaker 01

  Yeah.

• 42:50Caleb Hammer?

  Are they in your life financially right now?

• 42:53Speaker 01

  My parents?

• 42:54Caleb Hammer?

  Mm-hmm.

• 42:54Speaker 01

  Yeah.

• 42:55Caleb Hammer?

  What?

• 42:56Speaker 01

  My mom helps me pay for groceries.

• 42:58Caleb Hammer?

  Oh, good. So that she can go to Starbucks every day, mom? I think we should probably call her in the post show. We should probably call her in the post show and let her know. Cause she needs to cut you off. She's enabling your bullshit. Go ahead. What else?

• 43:10Speaker 01

  She, well, she lets me Instacart groceries to the house, mostly for the kids.

• 43:13Caleb Hammer?

  She lets you be extra lazy. Oh my.

• 43:16Speaker 01

  And um, like kids food and then every once in a while it's stuff for me to, and I'm supposed to buy my own groceries, but you know, sometimes like I get really busy. So I just eat like.

• 43:25Caleb Hammer?

  Busy standing in the line at Starbucks.

• 43:28Speaker 01

  We're working too. I, I.

• 43:29Caleb Hammer?

  You work 45 hours a week. Welcome to what everyone else does, even those with kids.

• 43:33Speaker 01

  Yeah.

• 43:33Caleb Hammer?

  You're not even a single parent.

• 43:34Speaker 01

  I, yeah, not technically a single parent. Um.

• 43:38Caleb Hammer?

  Does the fiance help?

• 43:38Speaker 01

  Yeah. Yes.

• 43:39Caleb Hammer?

  Then not even close to technically.

• 43:41Speaker 01

  Um, and then if something comes up like an emergency, um, my parents will help me with that too.

• 43:50Caleb Hammer?

  That's an enablement. Listen, if it's their grandkids and that's probably the extra hard part, but people in your position need to fall on your fucking ass. So you actually know what it's like down there. You've never felt it. You've only bounced on the trampoline instead of hitting the ground because of their support system. And it's allowed you to think that our emergency fund isn't important. It doesn't require any sacrifices in order to build up any kind of safety net in order to protect me and my kids. That's actually going to hurt you. When your parents are gone, then all of a sudden something bad does happen and then you can't take care of your kids. They're the ones that get that gift. Your parents are enabling you and it's bad. It's bad. They don't know it's bad. They're doing it actually from a good place of their heart.

• 44:27Speaker 01

  Yeah.

• 44:27Caleb Hammer?

  They just don't understand. And it's, it's fucked. You don't even know. You need to have your ass hit the ground and you've never felt it before. You've never felt the value of a dollar. You don't.

• 44:37Speaker 01

  I, I work really hard for my.

• 44:38Caleb Hammer?

  You work hard. You work 45 hours a week. Calm down.

• 44:42Speaker 01

  It is hard. It is hard.

• 44:43Caleb Hammer?

  Okay. Then, then, then we all work hard. Congratulations. Okay. Okay.

• 44:48Speaker 01

  Okay.

• 44:48Caleb Hammer?

  I've worked so many 40 hour jobs a week. Okay. We all do this. It happens. And I was doing sales. I was doing what like 50, 60, you know, working in the evenings, making sure, closing those sales. Cool, cool, cool, cool. Wonderful. Good for me. Yay. I'm not fucking crazy about it. Um, but now balancing that with the kids, don't get me wrong. That is difficult. But the thing is your money that could be going to groceries, could be going to cooking, all these things could be covering emergencies is literally going to you that you can spend eight dollars a fucking day at Starbucks and that you can spend a dollar for the cents for your second drink of the day at work. And then I'm sure you have a little evening sweet treat. Cause you always probably do.

• 45:21Speaker 01

  It's mostly energy drinks.

• 45:25Caleb Hammer?

  Let's move on to the next card. Hundred twenty-one dollar minimum payment on that Apple card, by the way. Oh, good. The Discover is somehow higher. Oh, no, it's not that.

• 45:38Caleb Hammer?

  Your Discover is literally over the credit limit, but we think we can go to the Starbucks every day.

• 45:43Speaker 01

  Well, that's

• 45:43Caleb Hammer?

  Think you go to Starbucks every day? A lot of finance YouTubers are like, oh, never go to Starbucks. Invest in it. I'm not even that person. Go to Starbucks when you can afford an emergency. If something bad would happen in life and as long as you are making sure that you're at least putting some aside for retirement and you don't have high interest debt, you're over the max on a credit card and you're going to Starbucks every day. That is not acceptable. You are not entitled to that. I don't know who you think you are and why you think your life and your sweet treat is more important than your kids. That's what actually pisses me off and why I'm being a bit rambunctious this episode is because this isn't just affecting you. It's affecting two people that did not have a choice to be brought into this world. You are in their future and putting them at risk and it's disgusting.

• 46:28Speaker 01

  Well, the normally that's not over the limit. I just missed the payment.

• 46:33Caleb Hammer?

  Normally it's not over the limit. It's over the limit and that's all I care about.

• 46:38Caleb Hammer?

  That's all that's there is it's over the limit.

• 46:43Speaker 01

  I missed the payment on that one, so it went over just a bit.

• 46:47Caleb Hammer?

  Now, why are we missing payments?

• 46:49Speaker 01

  Uh, well, I forgot about that one. That one just like went over my head a little bit.

• 46:53Caleb Hammer?

  We can forget?

• 46:54Speaker 01

  I missed the cutoff for it to be on time and then it went over the credit limit because of that.

• 47:01Caleb Hammer?

  Why is it on auto pay?

• 47:02Speaker 01

  Didn't I don't do auto pay is really on most things because

• 47:06Caleb Hammer?

  You don't know how much money is in your account ever because we don't budget because we don't look at our accounts. Because looking at our accounts is scary because we miss payments. It's a revolving circle. You make it worse. It makes it harder to look at it and you don't look at it makes it worse. This is what's always going to happen. There's tissues right there if you need it. I appreciate the fact that emotions are actually hitting. That is important. I am not here to try to make the emotions hit, but the fact that it's actually landing and the wake up call, which is the purpose of the show is actually working is a positive sign. Not that I would want anyone to shed tears. It is okay to-

• 47:39Speaker 01

  I'm not usually a crier. I'm not usually a crier.

• 47:40Caleb Hammer?

  Exactly, but it is. You are having it. Maybe we're thinking about the kids or seeing how this is actually negatively affecting our kids for the first time in our life. And maybe that's an important thing because maybe that's the kick, the fucking fire you need under your ass is actually seeing that, oh, wow, this is not just impacting me. This is impacting them. And maybe that's actually what gets you to change your behavior. And that is not a bad thing. That is not a bad emotion to have. That is very natural.

• 48:03Speaker 01

  Yeah, I want to do better for them. I do. I want to do better for them. I have a good example for them.

• 48:09Caleb Hammer?

  How long were you with your ex? The, the father of the kids was your ex husband? How long were you guys together?

• 48:15Speaker 01

  Uh, five years.

• 48:16Caleb Hammer?

  Okay. What happened?

• 48:17Speaker 01

  Um, it's kind of a long story. Uh, so he went, he wanted to do the military and then he was like, he knows that I'm like very codependent, like really attachment style. So he was like, get a girlfriend. Uh, while I'm gone, you know, like it's okay. Like it was kind of an open situation.

• 48:37Caleb Hammer?

  Yeah.

• 48:38Speaker 01

  Um, and then we got together and when he came back, he didn't really want to be a part of that anymore. So he left.

• 48:44Caleb Hammer?

  Rip?

• 48:45Speaker 01

  Yeah, ripped that marriage. Um, but here we are. I'm happy now, so.

• 48:50Caleb Hammer?

  Well, that's good. Discover it for, or $5,413.83. It's a minimum monthly payment.

• 48:59Speaker 01

  It's a lot.

• 49:01Caleb Hammer?

  It's more than a fourth of your, oh, no, no, no, no. I did that math wrong. Well. Wait, what did I do? No, it's like, it's more than an eighth of your entire net income. Actually, probably gross even.

• 49:13Speaker 01

  What, what is it? What is it?

• 49:14Caleb Hammer?

  Five hundred two dollars.

• 49:16Speaker 01

  I think that has the last amount too, like a past due as well.

• 49:22Speaker 01

  Yeah.

• 49:23Caleb Hammer?

  How long is this? If you just make your minimum payment payments and no purchases, you didn't make any purchases. Because.

• 49:30Speaker 01

  I froze it. I froze it too.

• 49:32Caleb Hammer?

  Good. But how long does this take to pay off if you actually pay your minimum monthly payments? How long does it take to pay off?

• 49:38Speaker 01

  All of that?

• 49:39Caleb Hammer?

  Yeah, just, just this credit card. If you don't miss your minimum monthly payments, how long does it take to pay off?

• 49:44Speaker 01

  Probably a year. It's like five years.

• 49:47Caleb Hammer?

  Five years. Yeah, you'd be old.

• 49:49Speaker 01

  Be old.

• 49:50Caleb Hammer?

  You'd be, well, you might, so I guess I'm not that old. Be twenty nine, five years, right?

• 49:54Speaker 01

  Twenty nine?

• 49:55Caleb Hammer?

  Yeah.

• 49:56Speaker 01

  I feel like I'm getting old. I'm having a little.

• 49:57Caleb Hammer?

  Yeah, you'd actually be forty four.

• 50:01Caleb Hammer?

  It takes twenty years to pay off, and that's if you don't miss payments and you're missing payments.

• 50:06Speaker 01

  Yeah. Well, I, I just stopped paying the monthly minimum.

• 50:10Caleb Hammer?

  Forty four.

• 50:14Caleb Hammer?

  Setting up the second half of our life. Forty four. Just for some fun little starby spending when we were in our early twenties, thinking we're being cutesy and getting a sweet little drink via girl math. All because of that, paying a minimum monthly payment while having basically no retirement at forty four.

• 50:36Speaker 01

  Yeah, that, that's when I'll be having that fun midlife crisis.

• 50:41Caleb Hammer?

  Yeah, the crisis is now. And if you don't see that yet, your credit score is basic, it's barely over five hundreds and over the five hundreds, you're lucky.

• 50:53Caleb Hammer?

  You're lucky it's in the sixes. Yep, late fee, forty one bucks. So it's probably like a two hundred fifty dollar normal minimum payment, but you gotta make that back. Okay, plus the fee is forty one dollars. I mean, let's see here.

• 51:07Caleb Hammer?

  Um.

• 51:10Caleb Hammer?

  Gosh, I don't want to rage into you because I see that it's actually starting to work. I see that it's actually starting to work and I don't do it just to like hurt or anything. I I need it to. I need you to get the wake up call and you're starting to get it. So it's just like, okay, but the thing is, the thing is, we're only, we're only two accounts in. You've likely missed three to four payments this year so far with how many fees have at this account? Like, we're talking a quarter or more of the year. You've not made payments. This is not acceptable. This is not what an adult does and you are many years into adulthood now. You are not 15. You are not mommy and daddy's little girl anymore. You're not. And the fact that they enable this is disgusting. They don't know it, they're doing it nicely, but it is.

• 51:54Speaker 01

  Yeah, I.

• 51:55Caleb Hammer?

  Three to four missed payments this year.

• 51:57Speaker 01

  Unforgettable.

• 51:58Caleb Hammer?

  That's not an excuse. It's not, you can have auto pay, but then you have to have your checking account figured out. And by that, you actually have to look at it. There's so many alternatives that we can do. There's a whole path we can go down. That is, it doesn't matter if you're forgetful, you can be okay here. Forgetful is not an excuse. It's not. They have systems in place for you to be forgetful and still make your payments.

• 52:22Speaker 01

  Yeah. That forgetfulness is like, yeah, that's really bad with money.

• 52:27Caleb Hammer?

  Four of 11 months this year. Four of 11 months this year.

• 52:31Speaker 01

  I didn't know it was that many months.

• 52:33Caleb Hammer?

  Well, it is in $1,500 loss in interest. So now 2,500. Two cards, 2,500. It's what comes in via payroll on a single month for you. You've lost a month of income and interest on only two accounts we've looked at so far. A month of income.

• 52:54Speaker 01

  I, yeah, I guess I don't really understand interest.

• 52:57Caleb Hammer?

  Okay. So this is at an interest rate of 27.49. Whatever your balance is on there, essentially take that, figure out what 27.49% of it is. Take that divided by 12 because that's how many months it's amortizing across the year period. And that is what you're charged on that monthly basis. So the balance, your next interest payment is likely going to be, uh, with the current balance on this card. Of five thousand four hundred thirteen dollars and eighty three cents. Cool. So we're gonna take that, times that by point two seven four nine. Wonderful. And it basically comes out to the interest you've paid this year. So that's, I've seen no shock divided by 12. Probably in a hundred twenty four dollars of interest accruing on this next month,

• 53:43Caleb Hammer?

  which is very similar to your previous balance, which is lower because because before you missed your payment of a hundred forty dollars, wait, a hundred twenty dollars being lost. So your interest is actually going up because you're not making a payment because the balance is getting larger. Does that make sense?

• 53:57Speaker 01

  Does the interest go up if you leave it like longer than it is?

• 54:00Caleb Hammer?

  Yes. Well, huh?

• 54:03Speaker 01

  So if it's been like a few years ago that some of the purchases were made.

• 54:06Caleb Hammer?

  The higher the balance goes up. That's all that matters is the balance. The higher the balance is. And if you miss payments, the balance goes higher because you get fees and you miss the payment. So you're not making progress towards it.

• 54:16Speaker 01

  Right. Okay. So it doesn't matter if it's from like years ago because I definitely had that card for a while.

• 54:25Caleb Hammer?

  No, that just shows a pattern of behavior, which is also why we're.

• 54:30Caleb Hammer?

  I just want to give you an example. Listen. This morning I bought some S and P five hundred in my brokerage account. My Mu Mu brokerage account, the investing app I use. This year it's done twenty percent. S and P five hundred return, which is an incredible year. It averages about 10% a year. The interest on this card alone is twenty seven. You're even in one of the best. I think it's considered the best year so far this millennium of the S and P five hundred performance at like twenty two percent or something like that. Even maybe twenty four, no matter what, even with the best year of this millennium. The interest on one credit card you have is worse than that. That's how bad this is. And no investment you ever make unless you get some random startup investment,

• 55:14Caleb Hammer?

  which basically no chance of that. No investment you make will ever outweigh how bad this is for your money. And then we have a car. Oh, a twenty one thousand four hundred dollar balance on your income? How in what world? When did you get that? What even is the car?

• 55:33Speaker 01

  It's a twenty nineteen Honda CRV. Bought it used.

• 55:38Caleb Hammer?

  What was the purchase price? When?

• 55:41Speaker 01

  Uh, it was a couple of years ago.

• 55:44Caleb Hammer?

  There's still forty four months remaining on it and you purchased it 12 years ago. I'm gonna die.

• 55:50Speaker 01

  I got a good interest rate on it, I think. He told me it was a good interest rate.

• 55:55Caleb Hammer?

  They told you it was a good interest rate. I don't have an interest rate on here. What is it?

• 55:58Speaker 01

  I think it's 4.7%.

• 56:00Caleb Hammer?

  That's not horrendous, but you have a balance you cannot afford with a minimum monthly payment. You cannot afford this minimum monthly payment again is over an eighth of your good version of take and pay after child support with your new job. Right now it's almost a

• 56:20Caleb Hammer?

  almost a fourth. Right now it's almost a fourth of your current income. This is crazy.

• 56:24Speaker 01

  Paid more when I got the car.

• 56:26Caleb Hammer?

  What are you doing?

• 56:27Speaker 01

  Uh, restaurant management.

• 56:28Caleb Hammer?

  You might have to do that again. I don't care cuz you're stressed to looking into an account. So like you need to choose a stress. And I think you might need to make more income and then also just not spend as much. 21,344 dollar balance is insane for you. What's the car worth?

• 56:45Speaker 01

  I don't know.

• 56:46Caleb Hammer?

  Seventeen thousand dollars. So you're underwater by four thousand dollars. Yeah. It's actually not the worst, but it's still not great.

• 56:53Speaker 01

  Yeah, I had a smaller car that I traded in.

• 56:58Caleb Hammer?

  But it's, it's, it's clear as day why you cannot afford this because again, we are mother past due. Two accounts in a row.

• 57:07Speaker 01

  Yeah, that was because I thought that I could split it into two payments of the month, but that second payment came after the due date.

• 57:16Caleb Hammer?

  This is clear as day that you could just not afford this. You can't afford the last credit card. You don't, you can't, you don't know what you're able to afford. You don't know. You can't afford this. It is clear as.

• 57:29Speaker 01

  I really need a bigger car cuz the car seats and everything and I have two dogs. So if we go anywhere.

• 57:35Caleb Hammer?

  You don't need, I think the dogs need to be watched then. And I have two dogs. I love them. I would take them everywhere as well. But like, we can't put getting evicted, you know, a potential eviction if things go wrong. That's, you know, I think. It's okay to have a slightly smaller car, being able to take the kids everywhere still.

• 57:55Speaker 01

  Yeah.

• 57:55Caleb Hammer?

  I think that's okay.

• 57:56Speaker 01

  The car fills up fast.

• 57:57Caleb Hammer?

  If it avoids being evicted. Buddy, my parents had three kids and I f***ing rode around in a small ass sedan my entire life.

• 58:04Speaker 01

  I had a-

• 58:04Caleb Hammer?

  Cars are getting bigger and bigger and bigger. What did you think everyone has done forever? People, even f***ing the cabins of trucks used to be like this big and they fit like six people in there before. A kid would sit in the middle up front and then three in the back. What are you talking about? This is not some unique thing.

• 58:20Speaker 01

  Well, at the time, there were three adults.

• 58:21Caleb Hammer?

  You are trying, you are trying to justify this and it is not gonna work. You need to realize it is bad because you will try to justify it again in the future. This will feel too small and then you'll have to get a bigger one or something. You have to get a bigger place to live. The kids are growing. It's like you-

• 58:36Speaker 01

  We did get a big place to live.

• 58:37Caleb Hammer?

  Huh?

• 58:37Speaker 01

  We did get a bigger place to live when we moved here. So the rent was a little more expensive.

• 58:41Caleb Hammer?

  The total rent?

• 58:42Speaker 01

  Uh, twenty-three-hundred-and-twenty dollars.

• 58:48Caleb Hammer?

  It's a third of your income is your, your half.

• 58:51Speaker 01

  My half. Yeah.

• 58:55Caleb Hammer?

  If you didn't have a fiance, you'd, you'd be done. You'd be done.

• 58:59Speaker 01

  If I had my parents?

• 58:59Caleb Hammer?

  If you didn't have your fiance, oh, you're right, your fiance. Because, haha, because we can rely on our parents instead of being responsible ever. It's very cute. So five-hundred-and-thirty-eight-dollar minimum payment, but of course we owe double that because we're behind the payment. This is insane. This is the act of a child. This is, these are the, because your parents have supported you forever through any time. This is, it is as clear as day that you just don't even, not only do you not respect the dollar, you just don't understand the dollar. You are ignorant to the dollar. You think you can afford so much more because you've never had to actually be responsible with money. Because your parents have just babied you forever.

• 59:37Speaker 01

  And the baby. I'm the youngest. Two brothers.

• 59:40Caleb Hammer?

  Yeah, you have kids, so I don't give a f***.

• 59:43Caleb Hammer?

  I don't care anymore. It's not about you anymore.

• 59:46Speaker 01

  Yeah.

• 59:47Caleb Hammer?

  It's not about you anymore.

• 59:52Caleb Hammer?

  Did you start dating your fiance while your ex-husband was overseas?

• 59:56Speaker 01

  Uh, no, it was like before he left and uh, it was just like

• 1:00:01Caleb Hammer?

  You were dating before he left still?

• 1:00:02Speaker 01

  Hmm.

• 1:00:03Caleb Hammer?

  So while you were with your husband, you were dating your current fiance?

• 1:00:06Speaker 01

  Yeah, like they, they were friends and knew each other.

• 1:00:08Caleb Hammer?

  They were friends?

• 1:00:11Speaker 01

  After the fact, they were friends. It wasn't like everyone got along. So it was, it was a good situation until you just didn't want to do it anymore.

• 1:00:18Caleb Hammer?

  I'm sure he had a couple of fun evenings.

• 1:00:20Speaker 01

  No, never that.

• 1:00:23Caleb Hammer?

  Oh, never mind. Poor guy.

• 1:00:27Caleb Hammer?

  He really got the end of it.

• 1:00:31Caleb Hammer?

  Kick down, didn't even get to have fun. Okay. Uh, PayPal credit's only gone up. Great, because we made a little over minimum monthly, but it doesn't matter. Minimum monthly is fifty seven. Paid a hundred fifty one. That's awesome. Congratulations. That's a good job. Wonderful. Lovely. I love it more than anything in the world. Uh, but then you purchased six hundred thirty eight dollars fifty two cents, so it doesn't matter. And then, oh, we're at the credit limit. It's four thousand, uh, thirty six dollars on here. Credit limit is four thousand one hundred, so you're at it with seventeen dollars and thirty, uh, seventeen dollars and seventy three cents of interest accruing. Wonderful. Takes sixteen years to pay off without purchasing and doing the minimums, but you always purchase.

• 1:01:09Speaker 01

  That one's hard, cause the online shopping is-

• 1:01:11Caleb Hammer?

  Apple bills, subscriptions, Apple bills, Apple bill?

• 1:01:13Speaker 01

  Yeah.

• 1:01:14Caleb Hammer?

  Apple bill for Apple bills.

• 1:01:16Speaker 01

  That-

• 1:01:16Caleb Hammer?

  Target and Rogue. What's Rogue?

• 1:01:19Speaker 01

  Oh, Rogue is a clothing brand.

• 1:01:22Caleb Hammer?

  You get a fucking discount. Look like an emo fucking animal for the rest of your life. I don't care.

• 1:01:28Speaker 01

  An Affliction collab that my store didn't get. So I bought it off-

• 1:01:33Caleb Hammer?

  Oh my gosh, you just don't have money. You don't have money. Why do you get this? Why do you think you deserve? Because you don't, because your parents, because your parents. A lot of this comes down to your parents. Honestly, I blame them for a lot of this. It is a hundred percent your fault, but it's an additional fifteen percent their fault. What a joke. It's because it's it's they they destroyed your entire early adulthood. Oh, there's more and more Target and Target and Target. What are we the we getting from Target for eleven dollars and ninety one cents?

• 1:02:03Speaker 01

  Uh, that was nail polish. I bought nail polish.

• 1:02:06Caleb Hammer?

  What about all the other little purchases?

• 1:02:08Speaker 01

  Oh, the other ones where I was redecorating my room because my room was empty.

• 1:02:13Caleb Hammer?

  Your room? Don't you have a fiance?

• 1:02:15Speaker 01

  Yeah, our room, like our.

• 1:02:17Caleb Hammer?

  Have her do it. She's the one with money.

• 1:02:20Speaker 01

  Well, it was.

• 1:02:21Caleb Hammer?

  Does she know her fiance is literally underwater dramatically?

• 1:02:25Speaker 01

  Yeah, she knows.

• 1:02:26Caleb Hammer?

  What's you guys even conversation about money? Do you? Does she know your financial situation?

• 1:02:29Speaker 01

  Well, she sounds a lot like you when we're talking. Uh, she's.

• 1:02:32Caleb Hammer?

  Yet you do nothing.

• 1:02:34Speaker 01

  Uh, I, yeah, I get kind of defensive when I talk to her. I like we had like an unbiased opinion on it.

• 1:02:41Caleb Hammer?

  Unbiased you is what I would say unbiasedly.

• 1:02:46Speaker 01

  Yeah, so she.

• 1:02:47Caleb Hammer?

  You're being stupid with your spending. You've had missed payments this year so far on this card, probably two.

• 1:02:53Speaker 01

  I don't think I missed.

• 1:02:54Caleb Hammer?

  Yes, you have. Yep. Yes, you sure have this year. Absolutely. Or over the credit limit fees. I don't know, but you've had. Well, it looks like two missed payment fees. So well done. You don't even know. Uh, so yeah, let's redecorate our room. We miss payments constantly and we're over and behind on our car. And that gets behind enough and the car gets repaired. We lose the car. We can't get to work. Oh, no, we don't have money. Ah, see how this works? See how this works? Thirty percent interest on here. What are we doing? What are we doing? So your fiance is right. She's right. Do you know her financial situation?

• 1:03:29Speaker 01

  Uh, she doesn't have any debt.

• 1:03:33Speaker 01

  She's smart with her.

• 1:03:34Caleb Hammer?

  How are you guys gonna get married? You're gonna be an anchor.

• 1:03:37Speaker 01

  Well, that's also another reason why I'm not ready to get like officially married because I don't want to drag her down. And then some of the targets also like buying toys for Christmas or for my kids.

• 1:03:53Speaker 01

  The target thing with them.

• 1:03:54Caleb Hammer?

  And then we have a separate target card.

• 1:03:57Speaker 01

  Yeah, well, you get 5% if you use the target card.

• 1:04:00Caleb Hammer?

  What have we learned?

• 1:04:03Caleb Hammer?

  I want to give you free money right now. I partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them. Check out my investing app of choice, Mu Mu, where they give you up to 15 free stocks and 8.1% interest on your uninvested cash when you sign up with my link. Do you want a more traditional savings account? Check out where I keep my emergency fund, SoFi, where they'll give you 4.5% on your money and up to $300. Would you rather have automated investing? Sign up for Acorns with my link and you'll get $20 right now instead of the usual $5 you'd get from your friend's referral. You can also sign up for our investing program and get $100 in cash deposited into your Mu Mu account. This is the best way to learn what your investing

• 1:04:45Caleb Hammer?

  profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below, so don't pass up the free money because I'll punch you. What have we f***ing learned?

• 1:04:56Speaker 01

  Percentages don't equal how much you lose.

• 1:04:58Caleb Hammer?

  What do you think the interest rate on here is?

• 1:05:01Speaker 01

  No clue. Uh, 21?

• 1:05:04Caleb Hammer?

  27.65. So you're losing 22%. Is that worth it?

• 1:05:11Speaker 01

  No.

• 1:05:12Caleb Hammer?

  No would be the answer. Correct. It takes six years to pay off. Even the small ass balance of $1,000, as far as credit cards go.

• 1:05:19Speaker 01

  Six years.

• 1:05:19Caleb Hammer?

  Still takes six years to pay off. You have no idea the consequences of everything you have done. You have no idea. And that is why you are swiping with no fears. Welcome to the real world and what is actually happening. These numbers, you'll never know unless your parents cut you off. Uh, oh, good. We're at the max. We're at the limit because of the limit's $1,138 minimum payment. Wonderful.

• 1:05:44Speaker 01

  They didn't give me much on that one.

• 1:05:45Caleb Hammer?

  And nor should they. $26 of interest is accruing, plus more 80 cents.

• 1:05:56Speaker 01

  It's a lot of like bees on that one.

• 1:06:00Caleb Hammer?

  You may have been late on every payment this year so far on this card. You may legitimately have been late on every fucking payment this year so far on this card. Every month, every fucking month this year.

• 1:06:14Speaker 01

  I mean, I kind of have a reason that the-

• 1:06:17Caleb Hammer?

  You go to Starbucks every day, your reason. Hey, five days a week you go to Starbucks? Eight dollars every time you go to Starbucks? Congratulations. That's a hundred and sixty dollars to Starbucks every month. Your minimum monthly payment is thirty-eight dollars. You have no reason, not a single reason at all, but go ahead and try.

• 1:06:38Speaker 01

  Well, it's so the payment date is on like the fourth and that's like right after rent. So usually rent hits and I have to pay my half the rent and then I have no money left.

• 1:06:50Caleb Hammer?

  You'll be paid pretty early. Budget, figure it out. Don't have more than a billion different accounts. Again, a lot of the solutions involves you just, again, if you would have the money, the rent wouldn't take all the money. You would have extra money if you weren't spending a hundred and sixty dollars a month on Starbucks. Is that a crazy amount of money? No, but for your financial situation, it's obscene. It's insane. You're missing every fucking payment on this card this year so far. Yet you not get to have a little sweet treat. You already have an espresso and your fucking fiance will buy you pods if you ask.

• 1:07:28Speaker 01

  Yeah, I should probably say yes if I ask.

• 1:07:32Caleb Hammer?

  Is working in retail even smart for you? You can't not spend money while you're in retail. Sounds like you're in a mall, so you're just gonna be stopping, swiping, swiping. You probably don't make it to your store without fucking orgasming from swiping somewhere.

• 1:07:45Caleb Hammer?

  Sorry.

• 1:07:46Speaker 01

  I, yeah, I mean, it's, it's really what I love to do, though.

• 1:07:50Caleb Hammer?

  It's what you love to do? That's your passion is shopping? Oh, you're an American.

• 1:07:53Speaker 01

  No, not shopping, but working in retail.

• 1:07:55Caleb Hammer?

  Yeah, I don't care right now. I don't care. Or you're working retail in a strip mall where you have to live on car dependence and misery. You love Target, work at fucking Target. In a strip mall.

• 1:08:08Speaker 01

  In a strip mall, oh, like the little shopping center?

• 1:08:11Caleb Hammer?

  Yes, where fucking middle aged moms on benzos are just picking up random things.

• 1:08:17Speaker 01

  Yeah.

• 1:08:18Caleb Hammer?

  To try to fulfill their empty lives.

• 1:08:22Speaker 01

  Yeah, well, I mean, I try to save money on drinks.

• 1:08:27Caleb Hammer?

  You don't try to do anything. What are you, what is, what are you talking about?

• 1:08:29Speaker 01

  Uh, cuz I take my Stanley cups to work and I fill them with water so I don't have to buy water bottles anymore.

• 1:08:37Caleb Hammer?

  Congratulations, you literally did the most basic thing that every human already does. Whoa, are we high fiving?

• 1:08:43Speaker 01

  Well.

• 1:08:44Caleb Hammer?

  Well, what, where, where's the big celebration? Where's the confetti coming from the ceiling?

• 1:08:48Speaker 01

  If you buy like the limited drops.

• 1:08:50Caleb Hammer?

  Do we have fireworks set up for this occasion, guys?

• 1:08:53Speaker 01

  Edition, you can resell it for more and I have sold a couple.

• 1:08:56Caleb Hammer?

  Wait, whoa, whoa, whoa, whoa, whoa, what are you telling me? What are you telling me? Are you saying you buy Stanley's ongoing? You made it sound like you bought a Stanley to not get water bottles. What are you saying right now?

• 1:09:05Speaker 01

  Uh, so I buy the Stanleys that come out.

• 1:09:07Caleb Hammer?

  You buy, ongoing.

• 1:09:09Speaker 01

  And then I sell them. They're like a good drop.

• 1:09:13Caleb Hammer?

  How, is there a good job? What if they're not a good job?

• 1:09:15Speaker 01

  Then I, I keep them.

• 1:09:17Caleb Hammer?

  Oh, how often are you doing this?

• 1:09:20Speaker 01

  I have.

• 1:09:21Caleb Hammer?

  How often?

• 1:09:23Speaker 01

  Well, it depends on if the drop is gonna be a good.

• 1:09:25Caleb Hammer?

  How often?

• 1:09:26Speaker 01

  Probably like every other month.

• 1:09:29Caleb Hammer?

  You can't afford this. You can't afford life. You don't understand. You are pretending you make a hundred and thirty thousand hours a year. That's how you're living. I'd be afraid if you actually did make a hundred thirty thousand cuz then you'd be spending like you make two hundred fifty. I, I don't even know how to combat that. That's just, just stop. Simply stop. Why have that risk? Just why have that risk? You are missing every payment on this fucking card. I don't give a shit about a Stanley resale. I don't give a shit. I don't give a shit. I see you almost starting to talk, but I do not give a shit. I don't. You are missing every payment this year so far on this Target card. I don't give a shit about reselling a Stanley cup.

• 1:10:16Caleb Hammer?

  It's as simple as that. I don't give a.

• 1:10:20Caleb Hammer?

  I give a about your kids. How about that?

• 1:10:24Caleb Hammer?

  So $500 stolen from you and fees and interest this year so far on this card. So across all the cards, what are we at? We're at with fees and interest, we've lost $3,500 this year so far.

• 1:10:39Caleb Hammer?

  Okay, so now you've lost a month, an entire month of your new, brand new income plus child support. Gone, taken from you, obliterated, destroyed, ruined. Baylor Scott and White, 25, 25 dollars. Why aren't we making a 25 dollar pay? What do you? What's wrong? Oh, so that's not the entire balance, is it?

• 1:11:00Speaker 01

  No.

• 1:11:00Caleb Hammer?

  No, it is. It is only two. No, no, no. Okay, sorry.

• 1:11:02Speaker 01

  That's my pay.

• 1:11:03Caleb Hammer?

  Payment. So you got on a payment plan?

• 1:11:04Speaker 01

  Yeah.

• 1:11:05Caleb Hammer?

  That's fine. I'm okay with getting on a medical payment plan when you need. So $25.

• 1:11:09Speaker 01

  It's for my psychiatrist.

• 1:11:10Caleb Hammer?

  300. So what the that's just billed forever?

• 1:11:13Speaker 01

  I don't really know how that works. It didn't used to get billed for it and at some point they started billing me.

• 1:11:17Caleb Hammer?

  Your insurance change?

• 1:11:19Speaker 01

  Yeah, my dad's insurance.

• 1:11:21Caleb Hammer?

  Change. Well, that would probably be why.

• 1:11:23Speaker 01

  Yeah.

• 1:11:23Caleb Hammer?

  Don't you think that would probably be why?

• 1:11:25Speaker 01

  Prob- probably.

• 1:11:26Caleb Hammer?

  Well, you said for some reason. I think that's a reason.

• 1:11:29Speaker 01

  Yeah.

• 1:11:30Caleb Hammer?

  Okay, I'm here too. Okay.

• 1:11:33Speaker 01

  There is a.

• 1:11:33Caleb Hammer?

  How many you go?

• 1:11:35Speaker 01

  To psychiatrist, uh, once a month.

• 1:11:37Caleb Hammer?

  Okay, how much does each visit?

• 1:11:39Speaker 01

  I think they're, well, they wanted me to pay 90 to go to my next one, so I didn't get to go.

• 1:11:43Caleb Hammer?

  Sounds about right?

• 1:11:44Speaker 01

  Yeah.

• 1:11:44Caleb Hammer?

  Cool. You're on your dad's health insurance?

• 1:11:47Speaker 01

  Yeah.

• 1:11:47Caleb Hammer?

  You're not gonna be in a couple of years, so. What does your work offer?

• 1:11:51Speaker 01

  Uh, I don't know what the new work offers.

• 1:11:54Caleb Hammer?

  Ask.

• 1:11:55Speaker 01

  Yeah. I believe they offer.

• 1:11:56Caleb Hammer?

  Maybe it's better for you. Maybe you get on a higher cost plan on a monthly basis, but it actually saves you more because you go in so often. But I'm okay with the medical payment thing. That's it's fine. I'm not against that. What I'm scared about is if you never pay your $90 and this is always a $25 minimum payment, but we're adding $90 to it every time. It'll be an infinite debt that never gets paid off and that I don't like. That is scary.

• 1:12:20Speaker 01

  Yeah.

• 1:12:21Caleb Hammer?

  Uh, we have an additional five hundred fifty six of the Baylor Scott and Wayne. So what's this now?

• 1:12:25Speaker 01

  I had, I got in a car accident and

• 1:12:27Caleb Hammer?

  Oh, when?

• 1:12:28Speaker 01

  Uh, like a month ago. It wasn't that bad, but I had to get an X-ray of my neck and that's what that was from.

• 1:12:35Caleb Hammer?

  You have, are you on a monthly yet?

• 1:12:36Speaker 01

  I think that their insurance is supposed to pay for it.

• 1:12:39Caleb Hammer?

  Okay, then I'm gonna cross it off for now. Their insurance?

• 1:12:42Speaker 01

  The person who hit me.

• 1:12:44Caleb Hammer?

  Oh, gotcha, okay.

• 1:12:45Speaker 01

  I don't know how to send that to them, though.

• 1:12:46Caleb Hammer?

  So all the debt?

• 1:12:49Speaker 01

  There's one more card. A Wells Fargo card.

• 1:12:53Caleb Hammer?

  Did I put it in the, did I misplace it?

• 1:12:56Speaker 01

  There's a lot of Wells Fargo accounts there.

• 1:12:59Caleb Hammer?

  Oh shit, but, oh, there it is. I did misplace it.

• 1:13:05Caleb Hammer?

  I didn't even know this one existed.

• 1:13:08Caleb Hammer?

  And we're all over the card limit.

• 1:13:10Speaker 01

  I have, I actually have a reason why that one is

• 1:13:12Caleb Hammer?

  Yeah, you have a lot of reasons and they've all been bull so far, but go ahead.

• 1:13:16Speaker 01

  So I did their hardship program, uh, where they, I, I guess they closed the account. I didn't know that's what they were gonna do.

• 1:13:23Caleb Hammer?

  Yeah, why would they trust you?

• 1:13:25Speaker 01

  Um, and then I asked them to set up a auto payment for the minimum and I don't think they did it right. Cause it hasn't been coming out.

• 1:13:36Caleb Hammer?

  And it looks like you're still on it. You're not getting like consequences for not making a payment, but you are, no, yeah, no, you're past due. Past due ninety-three dollars.

• 1:13:45Speaker 01

  I, I even made the payment and it said that I was still past due, so I'm a little

• 1:13:49Caleb Hammer?

  Well, you're probably past due a lot and you didn't make up the full amount. You were past due.

• 1:13:52Speaker 01

  Oh, over the credit limit?

• 1:13:54Caleb Hammer?

  Uh, oh, no, no, no. You may have been past due even more and you didn't fully make it up. But also the over the credit limit, yes. Um.

• 1:14:05Caleb Hammer?

  You're at one percent interest.

• 1:14:07Speaker 01

  It's the hardship program.

• 1:14:08Caleb Hammer?

  Yeah, no, you're lucky. Well, Target is actually very nice for doing this to you because you're not necessarily

• 1:14:13Speaker 01

  It was a college back cash card, so that was my first card. So maybe, maybe they're more forgiving of their hardship program.

• 1:14:21Caleb Hammer?

  At this point, they just want their money back.

• 1:14:25Caleb Hammer?

  Oh, for fuck's sake. Yeah, we've missed every payment this year so far. Again, plus six hundred dollars of interest accrued.

• 1:14:35Caleb Hammer?

  We're now at like four thousand dollars in interest, which is over your better version of your income plus child support. So it's all it's all nah four thousand four hundred fourth about four thousand two hundred fifty now. That's where we are. A year is gone. It was in over a month of your better version of your future income or two months of your current. You've lost two months of your current income. Two months of everything, all the hours you put in for two months are gone.

• 1:15:05Caleb Hammer?

  And interest.

• 1:15:06Speaker 01

  Yeah, that hurts. That's a lot of work.

• 1:15:10Caleb Hammer?

  Yeah.

• 1:15:13Caleb Hammer?

  If you didn't talk, you remind me of Billie Eilish with braces. And then you talk and then you don't.

• 1:15:20Speaker 01

  I just got my braces.

• 1:15:22Caleb Hammer?

  Congratulations. Did you pay for them?

• 1:15:25Speaker 01

  Uh, me and my mom pay for them and it's a monthly payment.

• 1:15:29Caleb Hammer?

  So that's a debt.

• 1:15:30Speaker 01

  Yeah.

• 1:15:32Caleb Hammer?

  That is an additional debt. What do you pay towards it?

• 1:15:35Speaker 01

  I pay.

• 1:15:36Caleb Hammer?

  And for how long? What's the balance?

• 1:15:38Speaker 01

  It was seven thousand. And then me and my mom split the payments back and forth.

• 1:15:45Caleb Hammer?

  Okay, so thirty five hundred. What's the payment?

• 1:15:47Speaker 01

  I think it's two seventy five.

• 1:15:50Caleb Hammer?

  A month? And you pay it every other month?

• 1:15:53Speaker 01

  I paid every other.

• 1:15:55Caleb Hammer?

  Let's break it down on a monthly basis then, because you need to save for it on a monthly basis. The way you do it. So one thirty seven a month. We didn't even know about this. They didn't even know about this.

• 1:16:04Speaker 01

  I did. I did. I have a dentist payment.

• 1:16:06Caleb Hammer?

  You know it.

• 1:16:07Speaker 01

  Well, I.

• 1:16:09Caleb Hammer?

  I don't even know. I think it's like a ninety seven hour a month payment. My gosh, okay. You just gotta start being a fucking adult, dude. And you're financing everything in your damn life.

• 1:16:18Speaker 01

  I have a dentist payment too, because I had to get some fillings before I got my braces on.

• 1:16:22Caleb Hammer?

  There's more debt. Okay, what, what, what's the balance?

• 1:16:25Speaker 01

  Um, it should have like eight hundred left on it.

• 1:16:28Caleb Hammer?

  Minimum monthly.

• 1:16:30Speaker 01

  Uh, it's two thirty, two sixty a month for that one.

• 1:16:35Caleb Hammer?

  Oh, my. What are you doing? You get your minimum monthly's have to be at your income at this point.

• 1:16:43Caleb Hammer?

  I never add up the minimum monthly's this early. You're fucking unique.

• 1:16:49Caleb Hammer?

  Congratulations. You certainly act like it, mommy and daddy.

• 1:16:56Caleb Hammer?

  No, it's not during, but we are at what a crazy $1,530.68, 69 cents on a monthly basis of minimums.

• 1:17:07Caleb Hammer?

  That's insane.

• 1:17:08Speaker 01

  Is that with rent too? That's not with rent too. I can't do math.

• 1:17:14Caleb Hammer?

  I asked you, I said your debt minimum.

• 1:17:16Speaker 01

  Oh, debt minimum.

• 1:17:20Speaker 01

  A lot of numbers going around. I'm not a numbers person.

• 1:17:22Caleb Hammer?

  So checking account, let's see.

• 1:17:27Caleb Hammer?

  Any other debt?

• 1:17:29Speaker 01

  Um.

• 1:17:33Speaker 01

  Not that I can think of.

• 1:17:38Caleb Hammer?

  Eighty-four dollars and 15 cents in our checking account's insane. You can't make, you can almost make none of these payments except for a couple of small ones. And yet there's Starbucks right there. Guys, we got Starbucks the same day that we overdrafted. Well done. Are you kidding me? Come on. What a joke. And then we DoorDash, Dollar in general, and Target, and we know it wasn't groceries, more overdraft, there it is. Cause the Verizon wireless, the 444 came out. The Verizon wireless 444, the possibly.

• 1:18:12Speaker 01

  So I have three lines right now. Uh, that's mine, my fiance's and my ex-husband's.

• 1:18:19Caleb Hammer?

  Your ex-husband?

• 1:18:21Speaker 01

  He got on his own and then there's a few devices.

• 1:18:25Caleb Hammer?

  So you do have more debts. You have more fucking debts. What a joke. We're all, we're bouncing our checking account for fucking devices. More Target and Alamo Coffee and Starbucks Chipotle, Oz Huns Burger, Uber, Uber, Uber, Uber, Uber. Bars, festival bars, bars, bars, bars, bars.

• 1:18:53Speaker 01

  That was all Vegas.

• 1:18:55Caleb Hammer?

  Bars.

• 1:18:55Speaker 01

  The trip to Vegas.

• 1:18:56Caleb Hammer?

  Yeah, it was all money you didn't have. You're fucking overdrafting. I don't give a fuck. Merch, merch, Uber.

• 1:19:04Caleb Hammer?

  Sorry, not sorry, Uber, Char-House, Famous Pioneer, Auntie Anne's, DoorDash and Taco Bell, DoorDash and Taco Bell, DoorDash and McDonald's, Starbucks selling out $10 Dollars, the first payment, DoorDash and Marco and Starbucks and Uber and going in again is a matter to drinks, Target, DoorDash and McDonald's, Bark Box, you can't afford any fucking subscription, good luck, DoorDash and Dollar Tree again, Moody, Moody, Viant Crown, Starbucks Coca-Cola,

• 1:19:43Caleb Hammer?

  Starbucks, overdraft production, that way we can get our fucking Coca-Cola and Starbucks and Starbucks and PayPal and Hot Topic, oh, we have to get emo in every way possible and Dutch Bros and oh, duh, and DoorDash and Dollar and then Goodwill and McDonald's and JK Sweets, Starbucks Hot Topic, Auntie Anne's, Dutch Bros, Zoomies, Auntie Anne's, DoorDash and McDonald's, Spotify, Circle K, getting some energy drinks, Zoomies, Auntie Anne's, Zoomies, Auntie Anne's, Zoomies, Yahoo Plus support, what the are you Yahoo Plus, who even knew that existed, only you,

• 1:20:27Caleb Hammer?

  Auntie Anne's, Auntie Anne's, DoorDash, you're working in the mall, it's dangerous, you can't stop going to Auntie Anne's, and then you're DoorDash on your way home instead of picking up McDonald's, DoorDash, Marco, fucking slab cream from the fucking mall, Cosmos, Popeye from the DoorDash, and other subscription, DoorDash and McDonald's, Grand, Donut Chick-fil-A, Starbucks, Spencer's Gifts, you can't work at the mall, you can't work at the mall, you can't come close to a mall, you need to pretend that it's like a fucking school and you're a predator, you can't even come close to a mall, you don't know what a mall, you, fuck!

• 1:21:12Caleb Hammer?

  Taco Fucking Bell Starbucks bathroom body works and going in and getting an energy drink. What the was that checking account for someone that makes no money their debt is a third of their income on a minimum monthly basis. They miss all payments on two credit cards that are behind on a car payment. What the possible have I just witnessed? What a joke. Two kids.

• 1:21:37Speaker 01

  Well, I door. So the DoorDash is when I'm at work because the mall food.

• 1:21:42Caleb Hammer?

  That's where you're at work and you have fucking mall food. You have the food going right feet there. You stop at Auntie Anne's every second of your fucking life and you're DoorDashing McDonald's to the fucking mall to the mall. You're DoorDashing McDonald's to the mall. What are you? What in the possible even is that?

• 1:22:03Speaker 01

  So the mall food is really bad. People have gotten sick from there. People have gotten sick.

• 1:22:11Caleb Hammer?

  You're making me sick this checking account is sick. Your finances are sick. Your finances have fucking cancer.

• 1:22:17Speaker 01

  Well, the Auntie Anne's is also like drinks because I get a couple of drinks when I'm there.

• 1:22:25Speaker 01

  The Auntie Anne's.

• 1:22:26Caleb Hammer?

  Shut the fuck up.

• 1:22:38Caleb Hammer?

  One cent in savings. All that fucking spending at the fucking DoorDashing to the fucking mall and we have one cent in savings? Bleep it. What mall? What mall?

• 1:22:49Speaker 01

  Oh.

• 1:22:51Caleb Hammer?

  It's fine. It's fine. I've been, I've eaten. It's fine. At the food place. You can get a damn cookie. You'll survive DoorDashing to the fucking mall? Stop it. Stop it. Stop it. I was gonna set you down with one of our financial advisors that don't make money where they get free sessions and I'd get you a free session, but I'm gonna they look at that and they'll be like, what the this person's 13.

• 1:23:18Caleb Hammer?

  That spending is the most insane stupid thing ever. I didn't have Verizon or 450. I can't even set you up with helium. I can't even set you up with helium because you don't owe on your phones. Oh, because you owe on your phones.

• 1:23:31Speaker 01

  Yeah.

• 1:23:31Caleb Hammer?

  Oh.

• 1:23:33Speaker 01

  The phones and then I have a tablet.

• 1:23:36Caleb Hammer?

  No, you don't sell it.

• 1:23:38Speaker 01

  I still owe on it.

• 1:23:39Caleb Hammer?

  Yeah, and you're selling it and you're putting as much to it as you can.

• 1:23:43Speaker 01

  Can I sell it when I still owe on it?

• 1:23:44Caleb Hammer?

  Yes, yes.

• 1:23:46Speaker 01

  So I have the other.

• 1:23:47Caleb Hammer?

  Or just go back and try to give it like, you can't, you can't return it, but you can like trade it in for just cash.

• 1:23:54Speaker 01

  Really?

• 1:23:55Caleb Hammer?

  I don't know. Talk to them or sell it and pay more based on what you get.

• 1:23:58Speaker 01

  So I, I had tried to switch to an Android.

• 1:24:01Caleb Hammer?

  Oh, you tried to switch.

• 1:24:01Speaker 01

  And that didn't work. So I brought the phone back in time, but I didn't bring the watch and the tablet back in time. So I have a Android tablet that I don't use, which I could definitely probably sell that. And are you okay?

• 1:24:16Caleb Hammer?

  Looking for a budget.

• 1:24:18Speaker 01

  I think maybe on the floor.

• 1:24:22Caleb Hammer?

  I just don't understand. You've only made it this far for me. I'm calling your mom in the post show. I'm calling your mom and I'm asking permission. I'm calling your mom. What a joke. I need to save you from yourself. What a joke. Total income gotta be. When are you starting your job?

• 1:24:39Speaker 01

  Uh, probably two weeks.

• 1:24:40Caleb Hammer?

  Three thousand eight hundred fifty. Oh, boy, you're half a rent?

• 1:24:47Speaker 01

  Yeah. Oh, half of the rent is, uh, almost $1,200?

• 1:24:52Caleb Hammer?

  Yeah. You pay anything towards utilities?

• 1:24:55Speaker 01

  What I can.

• 1:24:58Caleb Hammer?

  You can't do anything. You don't have any money. All your debt just goes up. So what are you talking about?

• 1:25:01Speaker 01

  If I can.

• 1:25:02Caleb Hammer?

  One thousand five hundred thirty dollars, sixty nine cents for debt minimum monthly payments. Okay, vroom, vroom, drive, drive. How much gas?

• 1:25:10Speaker 01

  Uh, probably like two hundred a month. I have to drive pretty far forward.

• 1:25:13Caleb Hammer?

  Yeah, you don't have a short commute and you probably take the fucking toll road.

• 1:25:16Speaker 01

  I don't. I learned my lesson. I had to pay you a lot of money.

• 1:25:19Caleb Hammer?

  Okay, car insurance.

• 1:25:22Speaker 01

  Car insurance is one fifty seven.

• 1:25:26Caleb Hammer?

  You're lucky. It's relatively cheap for you. One fifty goes to the collective TP fund for the household. The other one can do more too, but that's for nails. That's for depression shirts. That's for uh kids, whatever. Yeah, it's a spending for everything else you need. Phone bill? Well, what is it now?

• 1:25:45Speaker 01

  Three seventy.

• 1:25:48Speaker 01

  Well, I have the subscription.

• 1:25:50Caleb Hammer?

  Necessary food. You're allowed to contribute to the household pile. Four hundred fifty dollars should be fine. Your fiance, if she contributes that, you guys will get to enough for what is fine. Mommy will pay for it. Ninety dollars we need to get for our therapy on a monthly basis. Any other medical bills on a monthly basis?

• 1:26:10Speaker 01

  No, just the other one. It was just one.

• 1:26:13Caleb Hammer?

  No subscriptions. Do you have any pets?

• 1:26:15Speaker 01

  I do have subscriptions.

• 1:26:17Caleb Hammer?

  No, you don't. You're canceling them for sake. I don't give a

• 1:26:20Speaker 01

  They're on my phone bill.

• 1:26:23Caleb Hammer?

  Open your, open your phone. Open your phone. Do you have any pets?

• 1:26:28Speaker 01

  Uh, yes, I have two dogs.

• 1:26:30Caleb Hammer?

  Ah, that's right. Can your fiance get pet insurance for them? Cause you can't afford it. And if you can't afford pet insurance, in my opinion, you can't afford a pet.

• 1:26:38Speaker 01

  Yeah, uh, she can get it.

• 1:26:40Caleb Hammer?

  Cause if they need a surgery, how are you paying for it? Let me see.

• 1:26:42Speaker 01

  Well, it's on my Verizon.

• 1:26:44Caleb Hammer?

  Let me see.

• 1:26:45Speaker 01

  You want to see the bill breakdown?

• 1:26:46Caleb Hammer?

  No, no, no, no, no, no, no, no, no. Pull up your subscriptions on there. I saw so many Apple pays.

• 1:26:52Speaker 01

  Oh.

• 1:26:55Caleb Hammer?

  Oh, you have a like a nice phone.

• 1:26:59Speaker 01

  It's the fifteen. I just got it.

• 1:27:01Caleb Hammer?

  Stop yourself.

• 1:27:03Speaker 01

  My old phone wasn't working.

• 1:27:06Caleb Hammer?

  Okay, active subscriptions. Discord Nitro two ninety nine cancel. Notably, cancel. Peacock cancel. Pretty Up All Body Edition. Thirty four fucking dollars a

• 1:27:16Speaker 01

  A year.

• 1:27:17Caleb Hammer?

  Cancel. You have Snapchat plus? You have Snapchat plus so that you can restart little

• 1:27:27Caleb Hammer?

  Whatever they're called, the little streaks, cancel every subscription. I'm not putting in your budget. Have your fiance take care of, get the pet insurance. What, what is your, what your, your money, literally, if I were to look at where your money goes, I would think you are 14 if I did not know you. Snapchat and plus and shopping everything at the mall and hot topic and DoorDash and McDonald's and food court and drinks at Auntie Anne's. Oh.

• 1:27:57Caleb Hammer?

  I'm raging. Okay, guess what? You're under buying $300 because you need $4,147.69 to make it on a monthly basis. I gotta step away. I'm gonna wrap this thing up. I need to recoup. I need a recoup. Then we're gonna call your mom because I need to get you, get out of her grasp and actually grow. Guess what? Because that's your new income and child support. You can't work retail. Go back into food, figure it out, or work two jobs and the fiance takes care of the kids. Whatever it is, you don't make enough money. You need to go make an additional 1,500 or your debt's never being paid off. It's as easy as that. I don't care if you love your job. You need to go make more money. And I know in Austin, you can go make more money in food. I know for a fact you can do that. We all know a million people who do that in Austin. So go

• 1:28:41Caleb Hammer?

  ahead. You know, server, you'd make more money. You can make more money and you need to, whether it's keeping your job, working another job at the same time in the evenings or whatever, or you just need to go get a better job. Simply put, you do not make enough to live. Spending a budget over spent times four, zero out of 10 debt. I mean, it's basically as bad as you can get without, you don't have collections or anything, right? Basically as bad as you can get without IRS or collections that one out of 10 emergency fund. There's nothing. There's one cent, zero out of 10. Retirement technically started, but basically nothing. One out of 10. Real estate, zero out of 10 hammer financial score rounded up point five out of 10. I'm gonna call her mom right now in the post shop and I'm gonna go take a breather. So make sure you join

• 1:29:22Caleb Hammer?

  us there. But you can get all of our educational products, which we're gonna set her through. She better can take it. You can get it all together for 15% off with our bundle. Make sure you check it out. I'll see you guys in the post show. I'm gonna chug like 10 gallons of water. Bye. Almost kind of dreading calling your mom, but I know we have to.

• 1:29:39Speaker 02

  Hi, Mom.

• 1:29:40Caleb Hammer?

  So Brina specifically says that she does not need to build any kind of savings because if anything bad in life were to happen, she can just live with you guys.

• 1:29:48Speaker 02

  Why?

• 1:29:50Caleb Hammer?

  The mother of your grandkids currently has, had an actually, open debt.

• 1:29:55Speaker 02

  I thought she was pretty financially smart, so how are you gonna get out of that, girl?

• 1:30:00Caleb Hammer?

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