Loser Thinks He’s Better Than You | Financial Audit

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

• 0:00Speaker 00

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

• 0:29Speaker 01

  Espolone Tequila, balanced, delicious, 100% acave, 0% ego. Just add ice, lime, and your mouth. For real margarita, ride the rooster.

• 0:40Speaker 02

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

• 0:48Caleb Hammer?

  Forty percent of your income right now cannot be going to food.

• 0:50Speaker 04

  I won't have the time to myself.

• 0:52Caleb Hammer?

  What do you think cooking is? It's time to yourself.

• 0:54Speaker 04

  I'm not trying to come home after working 10 hours.

• 0:57Caleb Hammer?

  So you're just an immature baby, because that's what everyone does.

• 1:00Speaker 04

  I've been overworked for like the last four years.

• 1:03Caleb Hammer?

  Oh, little guy has a little bit of a job at 25. I don't give a Congratulations, you worked a little hard in your early twenties. No one's ever done that before.

• 1:13Speaker 04

  Well, I'm gonna be in college for three, four years.

• 1:16Caleb Hammer?

  You're gonna be a negative checking account right now, so I don't give a Download my new simpler budget app today and take control of your money once and for all.

• 1:26Speaker 04

  Hey, my name is Adam. I live in Round Rock, Texas, and I'm 25, and this is the Financial Audit.

• 1:32Caleb Hammer?

  The Financial Audit, he's here from Round Rock. Thanks for coming in, man. What do you do for a living?

• 1:38Speaker 04

  I am a inventory supervisor at a car dealership.

• 1:41Caleb Hammer?

  Inventory supervisor? So not in sales?

• 1:44Speaker 04

  No.

• 1:45Caleb Hammer?

  Okay, you bring in the cars to the dealership? You're like making sure they have what they need?

• 1:49Speaker 04

  Once they get in, I make sure that they get to the right place, virtually.

• 1:52Caleb Hammer?

  Dealerships, I hate dealerships, man.

• 1:56Speaker 04

  Me too.

• 1:56Caleb Hammer?

  Okay, well, why do you work at one?

• 1:59Speaker 04

  I mean, they make money. That's why I'm there. It's stressful, but it's where the money is.

• 2:04Caleb Hammer?

  It's stressful?

• 2:05Speaker 04

  Very.

• 2:05Caleb Hammer?

  Okay, what are you making in this job?

• 2:07Speaker 04

  Uh, right now, it's a little weird because I'm taking classes, but usually, well, 25 an hour.

• 2:13Caleb Hammer?

  Oh, so some of your time's eaten up with classes?

• 2:16Speaker 04

  Exactly.

• 2:17Caleb Hammer?

  What is it? What classes are you taking?

• 2:19Speaker 04

  Uh, intro engineering classes, physics two.

• 2:22Caleb Hammer?

  This is college. This isn't like you're taking like Career, like inter-career classes. Okay, so you're in school right now?

• 2:31Speaker 04

  Yes.

• 2:31Caleb Hammer?

  Well, how many credit hours have you taken?

• 2:33Speaker 04

  I've taken like eighty.

• 2:34Caleb Hammer?

  Now, how many hour credit hours?

• 2:35Speaker 04

  Currently, uh, twelve to fifteen.

• 2:38Caleb Hammer?

  Okay, so full-time?

• 2:40Speaker 04

  Full-time.

• 2:41Caleb Hammer?

  So twenty-five an hour is what you're making?

• 2:43Speaker 04

  It's not bad, but how many hours a week are you working? When I'm in class, it's about twenty to twenty-five hours a week.

• 2:48Caleb Hammer?

  How often? You're mostly in class, right?

• 2:51Speaker 04

  Yes. Minimum twenty hours. I'm usually going up to about twenty-five.

• 2:56Caleb Hammer?

  When would you not be? Are you talking about like winter break and summer break?

• 2:59Speaker 04

  Yeah, so like for winter break, I was working more.

• 3:03Caleb Hammer?

  Yeah, but that's two weeks, right?

• 3:05Speaker 04

  No, it's about a month.

• 3:06Caleb Hammer?

  Oh.

• 3:06Speaker 04

  Um, I'm actually starting classes next week and I ended January eleventh.

• 3:10Caleb Hammer?

  So what do we expect to hit your account on a monthly basis?

• 3:13Speaker 04

  Uh, from now on, uh, five hundred a week. So

• 3:18Caleb Hammer?

  Okay.

• 3:18Speaker 04

  Two thousand a month or so, a little bit more because, I mean.

• 3:22Caleb Hammer?

  Oh, what? Two thousand one hundred?

• 3:25Speaker 04

  I'd say twenty-two.

• 3:26Caleb Hammer?

  Oh, okay, twenty-two hundred. Okay. Now, honestly, twenty-two hundred for a full-time college student is actually, I'm happy with this.

• 3:35Speaker 04

  That's pretty good.

• 3:36Caleb Hammer?

  That's pretty good. How we live in, in Austin though, because I know Austin's expensive. How are we doing in school? How are we doing all this? What is, what's going on, my guy?

• 3:43Speaker 04

  So I'm not in Austin because Austin's awful.

• 3:46Caleb Hammer?

  Okay, well, Round Rock's a suburb of Austin, let's be.

• 3:48Speaker 04

  Yes, but I don't have Austin rent. Uh, that's one big thing. Uh, I have, so I'm paying three forty a month for rent.

• 3:56Caleb Hammer?

  Three forty a month?

• 3:57Speaker 04

  Yeah.

• 3:58Caleb Hammer?

  So just endless roommates?

• 3:59Speaker 04

  Yes.

• 4:00Caleb Hammer?

  Okay, that's incredible though.

• 4:02Speaker 04

  Yeah, it's, it's great, um, getting that kind of rent in Austin and Round Rock area.

• 4:07Caleb Hammer?

  Negative in a checking account then. If I had, if I had, if I had three hundred dollars of rent, I wouldn't be negative in a checking account. Well, we'll get there. So, okay, go on, keep going.

• 4:17Speaker 04

  So I'm making that much money. I'm, I have that rent. Um, most of the thing that eats my money is probably food right now.

• 4:24Caleb Hammer?

  Food?

• 4:25Speaker 04

  Food. I love food.

• 4:26Caleb Hammer?

  I like being able to, I actually make my bills paid without going negative and overdrafting. I like.

• 4:33Speaker 04

  Well, with work and school. Having to, I'm working a lot. I'm in school a lot. I don't have much time, and so I always eat out.

• 4:41Caleb Hammer?

  What is with you guys?

• 4:43Speaker 04

  I mean, it's easy. That's what it's there for. Fast food is fast food. I don't have to spend time cooking, which I don't know how to do anyway.

• 4:50Caleb Hammer?

  Don't know how to do, okay, why don't, what if I gave you, uh, we have a cookbook.

• 4:55Speaker 04

  Oh, that'll be nice.

• 4:56Caleb Hammer?

  So no excuses now.

• 4:58Speaker 04

  Yeah.

• 4:59Caleb Hammer?

  Cause you get the premium version of our simpler, uh, simpler budget app. You get it for life. You get it for life. So you can make your budget in our new budget app. So you get that for life and you get the cookbook. So no more excuses, right? Congratulations. We solved the issue. All you have to do is meal prep a couple of times a week. Just take the meals. Make them, they're our budget healthy meals. You take them a couple of times a week.

• 5:21Speaker 04

  But how am I supposed to do that when I'm, I have classes?

• 5:23Caleb Hammer?

  Okay, how many, you're working 20 hours a week?

• 5:27Speaker 04

  Yeah.

• 5:28Caleb Hammer?

  How many hours a week are in the classroom?

• 5:30Speaker 04

  Uh, it's a little hard to say.

• 5:32Caleb Hammer?

  Well, how about, let's think a little hard and say it.

• 5:35Speaker 04

  Okay. Uh, each class is going to be about two hours and then I'm taking five classes, 15 hours or 10 hours.

• 5:42Caleb Hammer?

  Okay, so so far you're not even at.

• 5:44Speaker 04

  That doesn't include study time.

• 5:46Caleb Hammer?

  That's why I said so far. So far you're at 30, which is obviously less than the average person works. Now there is study time and some of these classes are a little on the harder side. Chemistry wouldn't see me pass it.

• 6:01Speaker 04

  Cal 3, physics 2, engineering, physics, mechanics. Yes.

• 6:05Caleb Hammer?

  What's health 3?

• 6:06Speaker 04

  Cal 3, sorry.

• 6:07Caleb Hammer?

  Oh.

• 6:08Speaker 04

  Calculus 3. Uh, physics 2, engineering, physics, mechanics and government.

• 6:14Caleb Hammer?

  Yeah, but you got it all over. You got the, you got the zuck look. So you're probably good at the.

• 6:18Speaker 04

  I'm good at the math, but it takes a lot of time.

• 6:20Caleb Hammer?

  So how many hours a week? Give me a real answer. What you actually think. I don't want you to over exaggerate, under exaggerate. What do you think? On average is done on a weekly basis. Obviously it goes up close to midterms and finals, but just average study and homework.

• 6:34Speaker 04

  The big thing is I didn't do it enough.

• 6:36Caleb Hammer?

  Number, wow.

• 6:37Speaker 04

  I didn't do it enough last semester, so I need to go more this semester.

• 6:40Caleb Hammer?

  Cool. What have you determined? What will be normal?

• 6:44Speaker 04

  Around three hours a day to take care of all the classes.

• 6:48Caleb Hammer?

  Uh, including on weekends?

• 6:50Speaker 04

  Uh, yes. But, okay, one thing is on Sundays when I work, I am allowed to do my schoolwork. So that kind of helps me out.

• 6:59Caleb Hammer?

  Okay, so six days?

• 7:00Speaker 04

  Yeah.

• 7:01Caleb Hammer?

  Three hours for six days?

• 7:02Speaker 04

  And then Saturdays is my do nothing day.

• 7:05Caleb Hammer?

  Okay, so three hours for five days is what we're calculating?

• 7:08Speaker 04

  No, six. Sorry, I said Saturday.

• 7:11Caleb Hammer?

  Is your do nothing day? And then you also are able to do it at work, so we're not including that as extra time?

• 7:18Speaker 04

  I guess, yeah.

• 7:19Caleb Hammer?

  So it's just the five days a week, we're including the extra time?

• 7:22Speaker 04

  Okay, yeah, yeah.

• 7:23Caleb Hammer?

  You're a math guy. Okay, so, oh no!

• 7:25Speaker 04

  Obviously, not really.

• 7:27Caleb Hammer?

  Oh no, forty-five hours a week, slightly more than the forty-hour work week.

• 7:32Speaker 04

  But I've got to-

• 7:33Caleb Hammer?

  No one's ever done that, plus kids, plus whatever else in life.

• 7:37Speaker 04

  Driving.

• 7:38Caleb Hammer?

  Yes, everyone does that to their job.

• 7:41Speaker 04

  I've got to go to Austin from Round Rock.

• 7:44Caleb Hammer?

  Yeah.

• 7:44Speaker 04

  With traffic in the morning.

• 7:45Caleb Hammer?

  Guess what? Half the people here fucking do that. Well, we're moving closer to downtown, so.

• 7:49Speaker 04

  Yeah.

• 7:50Caleb Hammer?

  And guess what? It's fine. Like, I know, I know the area, you're okay.

• 7:55Speaker 04

  I mean, it's an hour, like, each, well, hour times two each day.

• 7:58Caleb Hammer?

  Kind of. What time are you leaving?

• 8:00Speaker 04

  Seven in the morning and five at night. So right in the middle of rush hour. So every single time I leave, I'm going in rush hour. And with Austin, with downtown Austin.

• 8:09Caleb Hammer?

  You're not hitting MOPAC? The tolls?

• 8:11Speaker 04

  I do sometimes.

• 8:12Caleb Hammer?

  Not that you should, but if that's your big complaint.

• 8:14Speaker 04

  I'm not really connected that way. The, uh, MOPAC's, if I have to, I can take a 130.

• 8:22Speaker 04

  But it's not always the case. I usually have to stick with I-35.

• 8:26Caleb Hammer?

  Okay, okay, okay. Okay, you have about double the average Austin commute.

• 8:31Caleb Hammer?

  When people go ahead and also pick up their kids and drop their kids off from school adds to that, so I think those people are probably double the average as well.

• 8:40Caleb Hammer?

  I really don't think you have the room for excuse here, man. You're really just trying to assume because I deal with these things that everyone deals with now, yours is split between more activities, but the math is still averaging close to the same. You're above the average person, once they're more settled, if they don't have kids, if they don't have blah, blah, blah. If they're do nothing, they just go to work and they come home. They still find a way to do it, especially the ones with more. So you're you're immediate trying to excuse that. Other people get the done. Other people get the done and you can't.

• 9:17Caleb Hammer?

  Yeah. 794 spent on fast food. That's crazy, dude. A month? For your income situation, you spent nearly 40% of your income on fast food when you could be work. If you use our thing, it's $300 a month. You could meal prep.

• 9:36Speaker 04

  You also don't know how to do that. I don't know how to.

• 9:38Caleb Hammer?

  Yeah. Follow the cookbook then. The recipes.

• 9:41Speaker 04

  Reading. That's why I'm in math.

• 9:42Caleb Hammer?

  Yeah, I don't think a recipe with like 10 words is going to be that complicated for you.

• 9:47Speaker 04

  Even still, that's it's something I haven't done before. Cool. I have to learn how to do it.

• 9:51Caleb Hammer?

  Yes.

• 9:52Speaker 04

  Not only that, but then I won't have the time to myself right now.

• 9:56Caleb Hammer?

  What do you think cooking is? It's time to yourself.

• 9:58Speaker 04

  It's it's still work. I'm not trying to come home after working 10 hours and then I have class to work on and then I get to come home and do more.

• 10:06Caleb Hammer?

  So you're just an immature baby because that's what everyone does. That is literally just what everyone does. It's just because it's what you have to do. It's just, it's a have to do situation. Simply put, 40% of your income right now cannot be going to food. You're spending over double your rent. Over double your rent on just going and getting fast food because you're not willing to spend basically about your rent on groceries, which is what it would cost you to follow our plan, dude. This is pretty simple stuff. This is an immediate dumb out of the gate. Dumb act three. Urban areas, average commute around 45 minutes. You're not that much higher than that and you're in an urban area. That's in the United States. So shut the up. Everyone deals with this.

• 10:45Caleb Hammer?

  Take the diaper off, become a big boy. What? How do you again? 25? This is okay. If you were 18, maybe I like, I would still be giving you the same.

• 10:55Caleb Hammer?

  Come on. And also, there is no excuse for not knowing how to do the basics anymore. You live in the world of GPT. You live in the world of fucking Google. You live in the world of YouTube. You live in the world of cooking shows. You live in the world of any piece of information cookbook, whatever it might be at the the fuck.

• 11:12Speaker 00

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

• 11:42Caleb Hammer?

  Chips of your damn fingers, dude. It is no longer an excuse. It is not a time thing. Put on your favorite video, your favorite podcast, your favorite audiobook, whatever the fuck it is. Have your alone time. I don't know. Do it naked and then get excited and just whatever you need to do, rub it all over your body. You can make it interesting, man.

• 12:03Speaker 04

  I'll try to. It's just hard.

• 12:04Caleb Hammer?

  I'm also not suggesting every day. Remember how I talked about meal prepping? That is a couple of times a week. That means you do it a couple of times a week. The rest of the time, it's actually going to be quicker than you and going through the drive through because you literally go boop, boop, beep, and the food's done.

• 12:19Speaker 04

  I'll give it a try, but the main reason I do fast food is because it's fast. Yes.

• 12:24Caleb Hammer?

  Not as fast.

• 12:25Speaker 04

  No, it can be. It depends.

• 12:27Caleb Hammer?

  No, not as fast as microwaving.

• 12:29Speaker 04

  Well, if you order ahead, then you can get there and it's ready and you.

• 12:32Caleb Hammer?

  Yeah, but you still have to wait in the line.

• 12:34Speaker 04

  No, not without ordering online. Half the places I go to, you walk in, you get your food, you leave. Meal prepping would be a good idea. That will save me some time and money. But at the same time, I've been overworked for like the last four years. And yes, no, that's, that's now. I used to be in charge of service.

• 12:54Caleb Hammer?

  Cool. Well, I'll give it now is because all we're doing is adjusting this for the future, right? So I don't give a fuck. Last. Congratulations. You worked a little hard in your early twenties. No one's ever done that before.

• 13:06Speaker 04

  It's it's difficult going from working that hard and not having a time to I'm still working hard. I'm doing

• 13:13Caleb Hammer?

  You talk like him and look like him, but you do not have the work ethic of the zuck.

• 13:18Speaker 04

  I'm also a very curious person either. So I got that going.

• 13:21Caleb Hammer?

  Are you sure? Like, are you? Are you coming with a broccoli haircut and MMA fighting in about 10 years from now? Is that your transformation? Are you going to come on Rogan? All of a sudden, you're going to be a workaholic and everything's going to be fixed?

• 13:34Speaker 04

  For the time being, I will say I work a lot and I do a lot of stuff and just having a little time to not have to worry about the food.

• 13:41Caleb Hammer?

  Like, I feel like if we compare the tism counts, if we take your blood, your tism spectrum will be on the same level.

• 13:48Speaker 04

  That's

• 13:49Caleb Hammer?

  There is full zuckness. There is zuck everywhere. You have a dump truck like the zuck?

• 13:54Speaker 04

  No, no, I do not.

• 13:55Caleb Hammer?

  Well, see?

• 13:56Speaker 04

  Skinny as a pole.

• 13:57Caleb Hammer?

  That's that's a shame. Guess you can't have all the good traits. So what was your big, hard, little work in time? None of us have ever put in 80 hour work weeks in our early twenties when we're trying to get done.

• 14:10Speaker 04

  I was in charge of used service. I was taking care of all the vehicles that got traded in. I had to deal with five, six managers at a time, 50 salespeople at a time, dealing with phone calls every day, about a 75 to 100. On top of that, there's always something that needs to be done.

• 14:25Caleb Hammer?

  Isn't there something that needs to be done at work?

• 14:27Speaker 04

  Yes, I'm a perfectionist. That's what I do. I do everything right.

• 14:30Caleb Hammer?

  Guys, something needed to be done. I we should probably just quit. Something needed to be done at work. Next time something needs to be done here, I'm I'm out. That's that's too hard.

• 14:42Speaker 04

  It's different when you're doing other people's jobs too.

• 14:45Caleb Hammer?

  Welcome to every job, man. There's slackers and there's takers and there's winners and there's losers that you're going to experience that forever. I'm not trying to necessarily, well, I am trying to dismiss what you're saying a little, but I'm not trying to take it in a way where it's like, oh, your feelings are necessarily like your feelings. It's not like that. I'm just trying to experience. You're good. You're

• 15:07Caleb Hammer?

  Your excuses for doing your misbehavior is going through what everyone already goes through. It's like you're going to be dealing with different variations of this all throughout your life. Being engineer at a company, there's going to be slackers, there's going to be, you're going to work with a product manager that doesn't give a You're going to have 10 managers with different ideas about whatever you're working on. This is what's going to happen. And guess what? Sometimes stuff happens at every company ever and fast food will always be there on the way home.

• 15:35Caleb Hammer?

  It'll always be there on the way home. The commute will always be there unless you're one of the rare few these days that works remote. So little big guy, I'm sorry, you're always going to have to do a bit of work. Major channel announcement. Budgeting, budgeting, budgeting. It's a new year. We're all trying to budget, we're all trying to make it a little better, trying to improve our life. A lot of people on the show, a lot of people out there that I've heard from, they try to start a budget, they can't stick to the budget. It's because it's all too damn complicated right now. You use any of the budgeting apps out there, it's crazy. It's hard to know what's even going on, it's impossible to set up and it's a chaos to manage. That's why over this last year, I did the thing.

• 16:19Caleb Hammer?

  I made a budgeting app for you guys. This does not need to be complicated. You're trying to take control of your life, so it should be simple, it should be chill, it should be easy to set up and easy to manage. I've called it simpler budget because that's all it is. It's your simpler budget. But we up the ante with continued education and an ad free version. In the premium version of simpler budget, you can track your spending, set goals and stick to a plan that actually works by connecting to all of your bank accounts automatically. No manual stuff here. There's actually weekly live sessions with financial professionals to answer your questions and keep you on track. They'll be teaching lessons and you can ask them things and they will actually help.

• 17:01Caleb Hammer?

  There's also weekly mini classes keeping you up to date and educated on every financial topic you need to improve your life. Plus for a limited time right now, you get access to our new budget friendly cookbook with 50 Money saving recipes to eat well without overspending and because I love you guys and it's a new year. Literally anyone who signs up for the month of January gets all of this, including premium for free for a month. It's time to actually make a budget and stick to it for the first time ever. Let's take control of our 2025 and make this the best year ever. Download the simpler budget app today. A link in the description below. This budgeting app will change your life.

• 17:45Speaker 04

  It's I'm a fractionist. Like I said, so there's always going to be more work to be done and I don't like leaving things undone. So I'm going to finish where I started and that takes more time. It takes more effort.

• 17:55Caleb Hammer?

  Perfect.

• 17:55Speaker 04

  And I want to have to come home and do more work.

• 17:57Caleb Hammer?

  Perfect's the enemy of good. Sometimes you just need to get to the point where things are good, where you're doing life good. And that's okay. If you're actually able to accomplish everything and that includes health and personal finances, that is fine. There's nothing wrong with that.

• 18:14Speaker 04

  Yeah, it's something I need to work on. I I'm not good at being good. I like to be great.

• 18:19Caleb Hammer?

  Sit down with a therapist that our guests sit down with at Sondar Mind. That's one of the resources that I can give. Okay, sit down with them. Fuck. Practice them damn skills. You get three free sessions. They're the same therapist that I use. Actually, any tool we do, I use or would use. And then use our again, again, in the cookbook, dude, and the simpler budget app. Use our we made this essentially for you, like literally constructed this from scratch for you.

• 18:48Speaker 04

  I'll give it a try.

• 18:49Caleb Hammer?

  You better because you get it for free because you're coming on the show. So don't be a dick.

• 18:53Speaker 04

  I'll still probably eat some fast food at once. Well, I'll try and diet down.

• 18:56Caleb Hammer?

  Well, it's not about that. It's about the way you're doing it. Again, you can't afford to spend 40% of your income right now on fast food. If it was 5%, would I give you a little slap right now? Of course, because we're doing a wake up call and we're trying to get you on the right track. But 40% is unsustainable. It's unacceptable and it's unsustainable. Like this, it's, there's not going to be much of a conversation to have be had. Okay, so we know what came in, of course, payroll was 2,280. It's pretty similar, but you also had a remote deposit in of 3,700. What's that?

• 19:26Speaker 04

  Rent. I pay the rent. So people send me the money for rent.

• 19:29Caleb Hammer?

  So what income actually came in last month?

• 19:31Speaker 04

  That much 2,800. The 3,700 is paying rent.

• 19:39Caleb Hammer?

  How much was spent?

• 19:42Speaker 04

  How do you mean? Like the, when people send me the money, it goes directly to our landlord.

• 19:49Caleb Hammer?

  Okay, what's the, what's the total rent? So I can calculate this a little better.

• 19:53Speaker 04

  Twenty-three, nine, uh, twenty-four, twenty-five.

• 19:55Caleb Hammer?

  And your portion?

• 19:56Speaker 04

  Three forty.

• 19:57Caleb Hammer?

  Cool. So minus?

• 20:00Speaker 04

  Sorry, twenty-five, twenty-five. It went up, it just went up. It just went up.

• 20:05Caleb Hammer?

  Twenty-five, ninety-five?

• 20:06Speaker 04

  Yeah.

• 20:07Caleb Hammer?

  And your?

• 20:08Speaker 04

  Three forty.

• 20:09Caleb Hammer?

  Okay, cool. So now I have the real math. The corrected math. After, after their cut of rent is already taken in account, their cut of rent.

• 20:23Caleb Hammer?

  On your two thousand, two hundred, eighty dollar income, what do you think you spent in the last month? After the rent is taken in account?

• 20:30Speaker 04

  I mean, with everything. With bills.

• 20:32Caleb Hammer?

  Is that a number? That's interesting.

• 20:34Speaker 04

  Twenty-eight hundred.

• 20:35Caleb Hammer?

  Okay, yeah, seven thousand, six hundred. The are you talking about? You don't know anything. Come on, number guy. Come on!

• 20:43Speaker 04

  Also, I'm sure there's money from my work in there too.

• 20:45Caleb Hammer?

  Huh?

• 20:46Speaker 04

  And that counts as.

• 20:47Caleb Hammer?

  Huh? How much? How much?

• 20:48Speaker 04

  I don't, I don't know.

• 20:49Caleb Hammer?

  How much would be from work? For what? What are you doing? What is on a monthly basis that would equal triple your income?

• 20:54Speaker 04

  Well, it's not a set amount. It's when we send vehicles to other dealerships, other vendors, I pay for it with my personal card.

• 21:00Caleb Hammer?

  How much is that?

• 21:00Speaker 04

  And then they pay. I don't know. It depends.

• 21:02Caleb Hammer?

  A usual, guy?

• 21:03Speaker 04

  Well, it, there is no usual, because I can send a BMW, it's gonna be a BMW, you need, what, three thousand dollars right there?

• 21:09Caleb Hammer?

  Three thousand.

• 21:10Speaker 04

  I can do a Toyota and it's fifty bucks.

• 21:11Caleb Hammer?

  Well, look back to this last month. What can, what, what would you think?

• 21:15Speaker 04

  Honestly, I don't know.

• 21:16Caleb Hammer?

  Because honestly, our large, well, okay, so we do have a decent transfer.

• 21:20Speaker 04

  If you tell me what the, the incoming money is on the statements, then I can say what, what dealership it is or where it was. Because there's too many to keep track of sometimes.

• 21:31Speaker 04

  And most of them will say on the title, where, whether it be BMW, we have a tire shop, we have Round Rock Toyota.

• 21:38Speaker 04

  I tend to pay for a lot of things, but that money comes back and I don't actually see it on my end of things. I only get the points from my card.

• 21:45Caleb Hammer?

  Okay. I can tell you exactly how much. Four thousand. So guess what? You spent three thousand six hundred. You made twenty two. You're still okay with that?

• 21:59Speaker 04

  No.

• 22:00Caleb Hammer?

  Come on, man. No matter what we do with the rent or with the car thing, you're still spending dramatically more than you make. Dramatically. How far are you able to sustain that? I don't think very far.

• 22:12Speaker 04

  Well, right now I have the loan that I have to pay off and that's significant towards it.

• 22:16Caleb Hammer?

  The, the loan. I have the loan guy. I have a lot of loans in here.

• 22:20Speaker 04

  I have one.

• 22:21Caleb Hammer?

  Huh?

• 22:21Speaker 04

  I have one loan right now. Well, besides.

• 22:23Caleb Hammer?

  Okay, what are you talking about? There's a lot of loans in here.

• 22:25Speaker 04

  The personal loans.

• 22:25Caleb Hammer?

  You don't consider credit cards different kind of loans?

• 22:27Speaker 04

  No.

• 22:28Caleb Hammer?

  Do you consider them all debt?

• 22:29Speaker 04

  Yes.

• 22:30Caleb Hammer?

  Okay, as long as you consider it debt, that's okay. I guess we don't have to use the word loan. So I guess there's a big, thick poppy daddy loan in here.

• 22:38Speaker 04

  It's probably at like thirteen, five right now.

• 22:40Caleb Hammer?

  Why are you, um, okay, so now it's okay that you're in school, nothing wrong with that and you're going for what's good. You're in school at twenty five, which is a little less, you know, than normal. Where are you in school and why at twenty five?

• 22:56Speaker 04

  It's hard to say what grade I am technically, but I'm probably a fish or a sophomore. I got accepted into a program with A and M and ACC. I'm co-enrolled currently going for engineering.

• 23:06Caleb Hammer?

  Austin Community College.

• 23:07Speaker 04

  Yep, and I'm going for aerospace engineering. I started because I got fired at work, not technically.

• 23:14Caleb Hammer?

  Well, good, not the current job.

• 23:16Speaker 04

  Current job. I've been at the same place for four, a little over four years. I got fired maybe about a year and a half ago, but rehired the same day. Uh, it was a weird.

• 23:27Caleb Hammer?

  Yeah, go ahead and explain that for me.

• 23:29Speaker 04

  So we'll go back to that. So I was used service manager for about six months because my boss had gotten promoted and they promoted me. I was brand new to service. I didn't know anything about servicing cars, but they knew that I was good at my job. I was a perfectionist. So I started to go into that, did that for six months and then my boss got demoted because there was another guy that got pulled into his job.

• 23:49Caleb Hammer?

  Okay.

• 23:50Speaker 04

  So I get bumped down to used service writer.

• 23:52Caleb Hammer?

  Pay affected?

• 23:54Speaker 04

  Pay affected.

• 23:54Caleb Hammer?

  Oh, from what to what?

• 23:55Speaker 04

  Negligible. Um, it was fourteen hundred a month salary net at that point as used service writer. Or sorry, manager.

• 24:04Speaker 04

  That's pretty good.

• 24:04Caleb Hammer?

  Fourteen hundred, well, for how many hours?

• 24:07Speaker 04

  I mean, it's salary, so I would usually work forty to sixty, primarily fifty to sixty.

• 24:11Caleb Hammer?

  You're making fourteen hundred, one thousand four hundred hours a month, working sixty hours.

• 24:16Speaker 04

  Well, yeah, I shouldn't have been working sixty hours, but like I said, I'm a perfectionist. I like to do everything that's supposed to be done.

• 24:21Caleb Hammer?

  Well, that's your choice then.

• 24:22Speaker 04

  Yes, but as the kind of person I am, I'm not going to leave things undone. I don't.

• 24:26Caleb Hammer?

  I'm not saying leave it done, but again, perfection is the enemy. Good. Like, there are, like, sometimes if someone's focusing on one task for perfection, they leave up five other tasks on the table.

• 24:36Speaker 04

  Well, see, the thing is, I'll do those five other things.

• 24:38Caleb Hammer?

  Okay, when you push yourself to your absolute limit, is everything then done correctly in the future?

• 24:43Speaker 04

  Yes.

• 24:43Caleb Hammer?

  Like, okay, you say so.

• 24:46Speaker 04

  Well.

• 24:46Caleb Hammer?

  I hope so.

• 24:47Speaker 04

  Anyway, I was making a hundred thousand a month, roughly, or sorry, a year, roughly, and then I got demoted.

• 24:53Caleb Hammer?

  Wait, what? How much?

• 24:54Speaker 04

  A hundred, should have been a hundred a year.

• 24:56Caleb Hammer?

  No, no, no, no. What? You said you made sixteen hundred a month?

• 25:00Speaker 04

  Eight, eight thousand a month, sixteen a week, I'm sorry.

• 25:02Caleb Hammer?

  Oh, well, there you go. That's completely different. That's incredible. Unless I misheard that, but that's great.

• 25:07Speaker 04

  Fourteen hundred a week.

• 25:09Caleb Hammer?

  Okay, and then you got moved down to what?

• 25:11Speaker 04

  To, it was based off hours, so it's hard to say a real number, but it stayed around a thousand to fourteen hundred, depending on how many hours you worked.

• 25:17Caleb Hammer?

  Okay.

• 25:18Speaker 04

  How many internal hours we were doing at our service shop.

• 25:20Caleb Hammer?

  Horrible poverty, okay.

• 25:21Speaker 04

  Yes, exactly. So, um, after a little bit of that, there was a customer that came in, his salesperson wasn't there, and he had a twenty thirteen avalanche that he wanted to get serviced, and there was a whole slew of things, this piece of shit. And he wanted all these things done, and was basically saying, I'm gonna do it myself, and he gave us the car back. He's like, oh, wait, no, now you do it. More or less, he was just not being straight with what he wanted. I told him, he came in one day asking for us to work on his car right then and there. It was four o'clock on a Thursday, so I said, no. And the guy left, and, uh, he wrote a review that long, saying he was gonna sue me and my dealership.

• 26:01Caleb Hammer?

  You, okay.

• 26:02Speaker 04

  Because I was so awful. Anyway, he, he writes that review. I don't think anything of it. I have a vacation scheduled for a few weeks after that. Um, it comes to the Friday before I'm about to leave.

• 26:16Speaker 04

  5:45 on a Friday, about to leave, boss calls me in, "Hey, you're fired."

• 26:21Caleb Hammer?

  That sucks.

• 26:22Speaker 04

  Um, so.

• 26:23Caleb Hammer?

  Reason given because of that?

• 26:25Speaker 04

  Yeah.

• 26:25Caleb Hammer?

  Then you weren't able to defend it?

• 26:27Speaker 04

  I tried. My boss was even in the room, the guy that got demoted to my position. He stayed after me for like a minute, so obviously he didn't really try. But I got demoted. I tried to fight it, but basically they just wanted to scapegoat. And that was me. So.

• 26:40Caleb Hammer?

  Why? What's the consequence for that? Okay.

• 26:43Speaker 04

  Bad relations. Our, our company has a habit of making nice to all the customers even when they're wrong. Because they want the repeat service.

• 26:50Caleb Hammer?

  Yeah, but how does a guy know? Well, okay, either way. Okay, that happened.

• 26:53Speaker 04

  So.

• 26:54Caleb Hammer?

  Can't change it.

• 26:57Speaker 04

  And then I came back, talked to my, my director again, asked for a quality job. Because our service department was awful. And he gave me that.

• 27:06Caleb Hammer?

  Okay.

• 27:07Speaker 04

  I was fired, rehired, and then from that point on, I was making 25 an hour. And that has where it's been.

• 27:13Caleb Hammer?

  Then you decided to go to school because of that? Because those.

• 27:15Speaker 04

  Exactly.

• 27:15Caleb Hammer?

  Okay.

• 27:16Speaker 04

  So, yeah, that kind of.

• 27:17Caleb Hammer?

  So, real story is, I had a job, then I no longer had a job.

• 27:21Speaker 04

  All that to say, I'm in this program with ACC and A and M.

• 27:24Caleb Hammer?

  And you think you're a freshman in terms of hours completed?

• 27:26Speaker 04

  Because after the semester, hours completed is a little different, but towards the program, yeah, probably freshman. Um, and then after this semester, I'll be transferring to College Station or UT if I end up going.

• 27:37Caleb Hammer?

  Online?

• 27:38Speaker 04

  In person. Both, both places would be in person, not at the same.

• 27:42Caleb Hammer?

  You're gonna do for income in A to A, AMM, two hours away?

• 27:44Speaker 04

  Any dealership. Um, we have sister locations and, uh, in Austin, it is something that I want to do long-term.

• 27:51Caleb Hammer?

  Well, if long-term you want to come on this show, come on down to Austin, Texas. We'd be happy to have you on. I'll give you a little.

• 28:00Caleb Hammer?

  And it'll be a good time. So go to Calebhammer.com slash apply. He'll go through the full onboarding process, meet some great people. It's a good time. And if you want your Hammer Financial Score, see where you are a sex.

• 28:37Speaker 00

  Coca-Cola para todos. Compra una Coca-Cola en una tienda cerca de usted.

• 28:42Caleb Hammer?

  This is in the world of finances. Go to that link in the description below. It's completely free. Where do you think you are on the score of zero to 10? Zero being the absolute worst, 10 being the absolute best. Where do you think you are?

• 28:52Speaker 04

  Six. I'd say a six.

• 28:54Caleb Hammer?

  Like, what? You've lost me. You had like a story that was like, oh, I have a person with a brain talking to me. That's great. But I was also falling asleep and that's okay. Fool, why are you rooting it with a six? Go ahead. Explain. Explain. Explain.

• 29:11Speaker 04

  I'm not stupid.

• 29:12Caleb Hammer?

  You're not stupid, but the score isn't a stupid score.

• 29:15Speaker 04

  Honestly, I don't even know what the score is.

• 29:17Caleb Hammer?

  I said zero to 10 in your finances.

• 29:19Speaker 04

  Okay, then yes, six. Oh, maybe.

• 29:21Caleb Hammer?

  Explain, you little tit! 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.

• 30:04Caleb 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.

• 30:30Speaker 04

  I'm starting to make some better decisions. And I know, for example, like I bought the car. I don't think that was a great idea, but I mean, I don't mind that I did it. But I know now.

• 30:42Speaker 04

  Sometimes you need to not spend money.

• 30:44Caleb Hammer?

  And I To why huh? To be able to go through the drive through, you spend money? On a car? To go through it?

• 30:50Speaker 04

  No.

• 30:50Caleb Hammer?

  What'd you say?

• 30:51Speaker 04

  I wanted a car, so I bought a car.

• 30:53Caleb Hammer?

  Well, no.

• 30:53Speaker 04

  Expensive.

• 30:54Caleb Hammer?

  Really?

• 30:56Speaker 04

  Yeah, of course.

• 30:56Caleb Hammer?

  How much was your car? What was the price of the car?

• 30:58Speaker 04

  Seventy thousand.

• 30:59Caleb Hammer?

  Seventy thousand?

• 31:00Speaker 04

  I mean, it wasn't.

• 31:03Caleb Hammer?

  You have tuition, you have tuition, right? Do you have tuition? Does college cost money?

• 31:06Speaker 04

  Yeah.

• 31:07Caleb Hammer?

  Oh, big guys, college costs money and you make two thousand two hundred dollars a month and you got a seventy thousand dollar car? In what world do you think that is something that even close to make sense?

• 31:15Speaker 04

  At that point.

• 31:15Caleb Hammer?

  You're not sucking it up. You're sucking it up. You're being a dumb.

• 31:18Speaker 04

  I had no expenses virtually. I was making a

• 31:21Caleb Hammer?

  Well, guess what you do now? Cause I have credit cards that apparently are seventy thousand. When did you get this?

• 31:26Speaker 04

  I got the car in twenty two, May twenty two.

• 31:29Caleb Hammer?

  Were you making a hundred at that point?

• 31:30Speaker 04

  Yes, I was.

• 31:31Caleb Hammer?

  Okay, why do we still have it today?

• 31:33Speaker 04

  I don't have the car. I wrecked it.

• 31:35Caleb Hammer?

  What did, why'd you just say?

• 31:36Speaker 04

  So I bought the car. It was seventy thousand. It was a great car.

• 31:40Caleb Hammer?

  A tease.

• 31:40Speaker 04

  And then months later.

• 31:42Caleb Hammer?

  And then you walked away.

• 31:44Speaker 04

  And after that, some of the money spilled over because I also put money into the car because why not?

• 31:49Caleb Hammer?

  Oh, well, because it's a bad choice would be why not?

• 31:52Speaker 04

  Yeah, anyway, so the, the personal loan covers that. And that's kind of where it snowballed and that's where I, why I am where I am.

• 31:59Caleb Hammer?

  Let's look at the finances. Well, what, what, what we got going on here? What is happening, my dude? Because this is a thick ass balance. This is a chunky little balance.

• 32:08Speaker 04

  Some of that's work. But that, that kicks off.

• 32:12Caleb Hammer?

  Kicks off, but it doesn't matter. You're putting more on than you took off. No, no, no, no, no. Hold on. No, I need to interject. I'm sorry. And I know I've interrupted decently throughout this episode. It's mostly because I don't like your voice. I'm kidding. Kind of. Well, a little jab. Whatever.

• 32:26Caleb Hammer?

  The, even if it is business expenses, with you keeping a balance on here, you're accruing interest is the business paying for the interest.

• 32:33Speaker 04

  Okay.

• 32:33Caleb Hammer?

  Is the business paying for the interest? Then it doesn't fucking matter if it's business or not. Cause you are losing money on it. Why give your company? Why?

• 32:41Speaker 04

  Okay.

• 32:41Caleb Hammer?

  Why cost money for your company?

• 32:43Speaker 04

  So the company thing kicks off. The reason why I say that is because I'm reimbursed in a week or so. And that balance is that the money put on it from work goes away.

• 32:51Caleb Hammer?

  Hundred.

• 32:52Speaker 04

  In a week or two.

• 32:53Caleb Hammer?

  Thirty two dollars, one month of interest. One month of interest, hundred thirty two dollars.

• 32:58Speaker 04

  Okay, I will say, well, I've debated doing a loan for this type of stuff because

• 33:03Caleb Hammer?

  Loan?

• 33:03Speaker 04

  Well, that's the problem.

• 33:04Caleb Hammer?

  What do you mean?

• 33:05Speaker 04

  One way or another, right now, how much do I have on my card on there? Also, it did increase. So.

• 33:11Caleb Hammer?

  Well, what's it at then?

• 33:14Speaker 04

  Maybe seven right now, sixty three hundred or seven thousand.

• 33:17Caleb Hammer?

  Well, it's a sixty four on here. So you're saying it's seven?

• 33:20Speaker 04

  Yeah, I spent.

• 33:20Caleb Hammer?

  Let's go with the sixty four hundred twenty nine, because that's what's on here. Okay, in the minimum to pay it. I mean, this is the crazy part because your incomes is really bad.

• 33:28Speaker 04

  Well, I don't do monthly minimum payments. I pay a lot of the times it'll be from work, so that'll count as a payment.

• 33:34Caleb Hammer?

  Well, either way, I'm saying the minimum you would have to pay is a hundred ninety six dollars.

• 33:40Speaker 04

  I put more, more than that.

• 33:41Caleb Hammer?

  Yes, that is reimbursed towards it, but the minimum is still a hundred ninety six. It does not change.

• 33:46Speaker 04

  I will always pay more than the minimum.

• 33:48Caleb Hammer?

  I don't think you understand what I'm saying. It's not an argument. The minimum monthly payment is a hundred ninety six, whether or not you put more towards it.

• 33:54Speaker 04

  Yes, I understand. Yeah.

• 33:56Caleb Hammer?

  You figured it out.

• 33:56Speaker 04

  But I'll put more.

• 33:57Caleb Hammer?

  Go on. Oh, do you? Never heard it. Are you sure?

• 34:00Speaker 04

  Yes.

• 34:00Caleb Hammer?

  Want to remind me? Okay, so what? What's the, what's this loan?

• 34:05Speaker 04

  So part of that started with the car, the crashed car. I put money into it, of course. It snowballed. Alright, so.

• 34:12Caleb Hammer?

  So the crash repair? So just saying?

• 34:14Speaker 04

  No, so it was a, it got paid out. It got totaled.

• 34:17Caleb Hammer?

  Okay.

• 34:17Speaker 04

  Uh, I bent the frame and I got reimbursed for it and then I bought another car right after that from the dealership.

• 34:24Caleb Hammer?

  What was the crash?

• 34:25Speaker 04

  Me being stupid with my car and not being able to control it and I ran into a pole and then off a four foot ditch.

• 34:30Caleb Hammer?

  How, how, how were you?

• 34:32Speaker 04

  Fine.

• 34:32Caleb Hammer?

  Good.

• 34:33Speaker 04

  I've, yeah, I got lucky.

• 34:34Caleb Hammer?

  But it totaled. Well, how fast were you going?

• 34:36Speaker 04

  Not fast, like maybe forty.

• 34:38Caleb Hammer?

  Oh, what was the car?

• 34:40Speaker 04

  Mustang Mach One. With the Whipple supercharger on it. My SaaS car. Grabber blue.

• 34:48Caleb Hammer?

  The crab's blue?

• 34:50Speaker 04

  Grabber blue. It only comes out every four years or so.

• 34:55Speaker 04

  I bought the Eclipse that I currently have right now because it was cheap and it was the same car that I had.

• 35:00Caleb Hammer?

  Okay.

• 35:01Speaker 04

  Ten years ago.

• 35:02Caleb Hammer?

  No, it's okay.

• 35:04Speaker 04

  But.

• 35:05Caleb Hammer?

  For some reason, I struggle to just listen to this. I don't know why. Is it me? Is it just me? If it is, that's okay. I'm okay with that. I hope it's just me. Okay, four thousand seven hundred and thirty two dollars of purchases on here. You say a lot of it's work related.

• 35:18Speaker 04

  And I did go on vacation and.

• 35:20Caleb Hammer?

  Did you? When'd you go?

• 35:22Speaker 04

  Last August, went to Banff.

• 35:25Caleb Hammer?

  Banff?

• 35:25Speaker 04

  Banff.

• 35:26Caleb Hammer?

  The Banff?

• 35:27Speaker 04

  B A N F F. It's a mountain range.

• 35:30Caleb Hammer?

  The Banff Mountain Range?

• 35:31Speaker 04

  Yes.

• 35:32Caleb Hammer?

  Never heard of this in my life.

• 35:33Speaker 04

  My brother and I go on vacation every year, once a year.

• 35:36Caleb Hammer?

  That sounds like something smart, someone who can't afford to live and has negative money in their checking account.

• 35:41Speaker 04

  And someone that's overworked at all times.

• 35:43Caleb Hammer?

  Little guy has a, oh, little guy has a little bit of a job at twenty five.

• 35:48Speaker 04

  Times a year.

• 35:48Caleb Hammer?

  Twenty five. Oh, no. It's one week. Make it. He's not gonna make it. He's making a little sacrifice at twenty five. Big guy, tough life.

• 35:59Speaker 04

  Well, I'm gonna be in college for three, four years.

• 36:01Caleb Hammer?

  You're gonna be in negative checking account right now, so I don't give a shit.

• 36:04Speaker 04

  One.

• 36:05Caleb Hammer?

  Maybe you need to work harder, actually.

• 36:06Speaker 04

  I'd try. It's one week.

• 36:09Caleb Hammer?

  I'm going for one week. Smarter than anything.

• 36:11Speaker 04

  Pay time off.

• 36:12Caleb Hammer?

  Cause you are working hard, but you're putting too much time into things. You, you've, you've said that specifically. I think you need to work smarter. Okay, what is it? B A?

• 36:22Speaker 04

  N F F. N as in Nancy. Double F.

• 36:25Caleb Hammer?

  In Alberta? In the Burt Zone?

• 36:27Speaker 04

  Mm hmm. Great place.

• 36:29Caleb Hammer?

  Wait, wait, you're talking about August. Why don't you give a about that? We're talking about this card right now.

• 36:33Speaker 04

  But that's carried. I'm sure that some of it's.

• 36:35Caleb Hammer?

  Okay, what is Sunroof Express?

• 36:37Speaker 04

  Sorry, say it again?

• 36:38Caleb Hammer?

  Sunroof X.

• 36:40Speaker 04

  Oh, that's, I paid for a customer's vehicle to get their sunroof.

• 36:44Caleb Hammer?

  And you get that paid back?

• 36:45Speaker 04

  Yes. It should have been reflected on there. That same amount should have been put in towards the, towards the money.

• 36:50Caleb Hammer?

  I mean, maybe, depending. I mean, yes, there was money that was put towards it. So if you want to count that for that. And then we went there out to eat at Rudy's and we got vending machine, vending machine, vending machine, vending machine, pizza. So there's still bull ending on a card that is not being paid off, that interest is accruing, that you have lost. First of all. Yeah, you got your fees, but then you have the 283,000 interest on it just so far. Then what's four WP? Is that another thing for?

• 37:16Speaker 04

  Four real parts, that's for work. What's on there right now is pulling from a while ago. Mainly August. That number has stayed at roughly the same. I haven't put a whole lot onto that card recently. Besides, of course, some stuff, some sodas and pizzas or whatever, but.

• 37:33Caleb Hammer?

  No, why are you, but no, you're going and getting vending machine like every spin of your life.

• 37:36Speaker 04

  Yeah.

• 37:37Caleb Hammer?

  And Rudy's and pizza. What do you mean?

• 37:39Speaker 04

  I'm, I'm saying besides that, there's nothing big on it recently.

• 37:42Caleb Hammer?

  Yeah, a lot of small purchases add up to big. What do you want?

• 37:47Speaker 04

  I mean, yeah, that'll, it's just.

• 37:50Caleb Hammer?

  Well, because it's not one big purchase. It's okay. So if it's broken down into a small ones?

• 37:55Speaker 04

  It's better than putting a thousand dollars on it every month. It's just.

• 37:58Caleb Hammer?

  Sure, I guess.

• 38:00Speaker 04

  I mean, I know it's not great, but.

• 38:01Caleb Hammer?

  Well, all I know is that it is a card that you are not paying off. That is accruing interest hundreds of dollars a year. Like, that's what I care about is the math in the end and you're preventing yourself from paying it off.

• 38:10Speaker 04

  But at this point.

• 38:11Caleb Hammer?

  You need to pay it. Why haven't you then?

• 38:13Speaker 04

  Because I can't. I, I have too much going out right now.

• 38:16Caleb Hammer?

  Like 750 dollars going out to eat?

• 38:18Speaker 04

  Yes, that's.

• 38:18Caleb Hammer?

  So you can't, you can't bullshit. You can't.

• 38:20Speaker 04

  Okay, 500 towards, 500 towards my loan. A few hundred towards this, because that's.

• 38:26Caleb Hammer?

  We'll find out. All I know is 750 dollars going to fast food. That's what I do know. And that's a reality. That is a fact.

• 38:32Speaker 04

  And I have to pay gas to go to.

• 38:34Caleb Hammer?

  Okay, cool. So we're complaining about all our expenses. Wah wah. Then why 750 dollars going out to eat?

• 38:39Speaker 04

  Like I said earlier, it's easy. It's what I do. It's.

• 38:41Caleb Hammer?

  Well, it's obviously not because this isn't working off and you're paying down, you're not paying down debt. So this isn't easy for you. This isn't easy for your life. It's easy for that little moment of time, but it's not making your life easy. Not in any way whatsoever. Not your actual life, not the longevity of your life.

• 38:57Speaker 04

  It's something I can prove on, sure, but.

• 38:59Caleb Hammer?

  Uh, by a substantial amount.

• 39:02Speaker 04

  Yeah. Potato, potato.

• 39:04Caleb Hammer?

  No.

• 39:06Speaker 04

  It doesn't need to go down that much I'm aware of, but in the meantime with school, with work, with everything, it's something that will happen. But if I can work on it with meal prepping and just kind of figuring out a cook myself, that'll be better. I'm not saying it's gonna go away, but yes, it will happen. It will get better. That is one thing I plan to get better on.

• 39:26Caleb Hammer?

  I see, well, yeah.

• 39:28Speaker 04

  I have to, because I mean, yes, that's a parasite. Seven fifty a month is not gonna work long term.

• 39:33Caleb Hammer?

  Okay, so what, so this SoFi thing, is this the personal loan you're talking about?

• 39:38Speaker 04

  Should be around thirteen five right now.

• 39:40Caleb Hammer?

  Yeah, I'm seeing thirteen eight five two, which is what we're gonna put down.

• 39:44Speaker 04

  That's fine.

• 39:44Caleb Hammer?

  Cause the other one, we did a little less. Again, it's reflected whatever's in the statement.

• 39:48Speaker 04

  Mm-hmm.

• 39:49Caleb Hammer?

  Okay.

• 39:50Speaker 04

  And then I had to pay for tuition, so that showed up. That might be on that statement, I can't remember.

• 39:54Caleb Hammer?

  No, you're not using a SoFi personal loan for tuition.

• 39:56Speaker 04

  Not the personal loan, no, that was a credit card, but it will be paid off with.

• 40:00Caleb Hammer?

  What the, what if, what the are you talking about, guy? What do you mean tuition then? What are you saying?

• 40:05Speaker 04

  I had to pay tuition last week.

• 40:06Caleb Hammer?

  But you're saying you're not putting on this?

• 40:08Speaker 04

  I put it on the card, not the.

• 40:09Caleb Hammer?

  I'm talking about this SoFi personal loan.

• 40:11Speaker 04

  Okay.

• 40:12Caleb Hammer?

  What are you talking about? You're everywhere. Why aren't you talking about the thing we're literally talking about in the moment?

• 40:19Speaker 04

  Let's do that then, so we're on the personal.

• 40:20Caleb Hammer?

  Yeah, let's do that. What any normal human would. Oh, dude, you don't like, don't lose me. When it comes to finances, you already know I'm a big fan of planning ahead, setting budgets, getting out of debt and making sure you got a plan for the future. Let me ask you this, you plan for your groceries, your bills, even your morning coffee. So why aren't you planning for your family's future if something unexpected happens to you? That's where today's sponsor, Fabric by Gerber Life comes in. They make it as simple as it can be to apply for term life insurance to make sure those who depend on you are protected. With Fabric, you can apply online right from your couch or on your bed or wherever you like to lounge. No awkward meetings in bare conference rooms with bad lighting and endless piles of paperwork.

• 41:04Caleb Hammer?

  Right from your own home and in as little as ten minutes, you could have instant coverage with no health exam needed. Here's the thing, if you've got kids or loved ones who depend on you, lock it in life. Insurance now is one of the smartest financial decisions you can make, especially if you're young and healthy. That's when you get the best rates. Being proactive now can make a world of a difference for the future. And even if you have life insurance to work, it probably won't cover everything your family might need. And if you change jobs, that policy won't follow you. With Fabric, you can have a little more peace of mind knowing that you're covered no matter what happens. Fabric offers policies for up to $1 million in coverage for less than a dollar a day. Plus, they've got other tools like free digital wills, college saving funds, and kids' investment accounts. It's all online, all in one convenient place,

• 41:49Caleb Hammer?

  so you can manage all your family's financial planning with Fabric in one place. And it's all right from your phone. Easy. And Fabric's got the receipts to prove they're trusted. 1900 plus 5-star reviews on TrustPilot with an excellent rating and an A+ rating with the Better Business Bureau. Seriously, these guys are legit. So here's your next financial to-do. Stop putting off life insurance. Apply today at meetfabric.com/caleb or click the link in the description below. That is meetfabric.com/caleb, M-E-E-T fabric.com/caleb. Check out Fabric today. Like, how do we put this all together if you're... It's a 15% interest. So again, the personal loan, you, you, again, your stories have been, one, difficult to listen to, so maybe that's my fault,

• 42:34Caleb Hammer?

  but a little more all over the place as well with just the things you're talking about. Now I don't know what's attached to what. What was the personal loan for?

• 42:41Speaker 04

  It started with the car and excess money from the other cars.

• 42:45Caleb Hammer?

  Okay, so it's all car?

• 42:47Speaker 04

  Primarily, and there's some snowball in there, I'm sure. But primarily, it's the cars.

• 42:52Caleb Hammer?

  So your personal car that you have now is on here too?

• 42:54Speaker 04

  Correct.

• 42:55Caleb Hammer?

  Okay.

• 42:57Speaker 04

  It is relatively cheap and it's not quite a car payment, but I know the interest on it is high.

• 43:03Speaker 04

  And that is one thing I want to pay off. That's why I've always paid more than the minimum payment.

• 43:06Caleb Hammer?

  About $7,000.

• 43:09Speaker 04

  That's pretty low. And I do pay more than the minimum towards the loan. So I'm not eating as much interest as I would otherwise.

• 43:16Caleb Hammer?

  I don't know. We're gonna have to math this out in the end. Because again, you're saying you're putting more towards the loan. But again, even when subtracting what you put towards work, even subtracting what you, uh, the other people's rent, you still spent like a thousand, $500 more than came in. So this doesn't make sense. What you are saying makes no sense. This is not adding up, dude. This is not adding up. And you're not a reliable narrator here. So, again, yeah, yes, you put, well, okay, so you put a little more towards a yes, and 13,852 is what I owed on it. But it's a 14.68% interest rate. Again, even if I like, open up my brokerage, Moomoo, and I'm like, okay, let me invest. I'm getting 10% on average with the S and P 500. You're getting obliterated on here. This is a horrible person.

• 43:58Speaker 04

  That is something that needs to be paid off. But, oh, I am paying it off. I've been paying it off. But it's there. I can't just drop 13.5 on it. I have 13.5.

• 44:06Caleb Hammer?

  No, I'm not saying that. I'm not saying that necessarily. But again, would we put $750 towards fast food when that could go towards us?

• 44:16Speaker 04

  Yeah, that's something I should improve on. I understand.

• 44:18Caleb Hammer?

  What I'm nagging about?

• 44:20Speaker 04

  Yes, but I'm just saying that that money is going to be going out for a while. That's just how it is. And yes, I need to get the fast food money.

• 44:28Caleb Hammer?

  I'm confused.

• 44:29Speaker 04

  What do you mean? Go quicker?

• 44:30Caleb Hammer?

  Why not choose quicker when you obviously have that choice?

• 44:35Speaker 04

  Quicker in what aspect?

• 44:37Caleb Hammer?

  Instead of the money going to McDonald's. I've only said that like five times. So I'm a little confused how you had to ask for me to say this the sixth time.

• 44:44Speaker 04

  I'm trying to spend less for fast food.

• 44:46Caleb Hammer?

  Okay, you're not. You're not. You're saying.

• 44:48Speaker 04

  It's a try. It is a future. This, I'm trying to get better.

• 44:51Caleb Hammer?

  You're not. No, no, you're not trying. You're saying you will try.

• 44:54Speaker 04

  Sure. I'm trying.

• 44:56Caleb Hammer?

  I'm asking why you haven't if you obviously care about this.

• 44:59Speaker 04

  I made my own food this week. I'll say that much. I'm trying to get better at that. I'm not saying I'm gonna not eat out at all, because it's a habit. But I am trying to improve on that. But it's, I mean, I'm not gonna just learn how to cook every single thing right away.

• 45:15Caleb Hammer?

  No.

• 45:16Speaker 04

  Meal prep will help, but I still have to learn. And so that means I'll still be eating out some, but not as much. I won't. 700 is crazy. I know that much.

• 45:23Caleb Hammer?

  Yes, that's what I'm saying. It sounds like all of a sudden you're agreeing with me. Listen, I'm not saying that.

• 45:31Caleb Hammer?

  You're saying you're trying, you're not. You might try a little. I mean, listen, you started this week. It's Monday. Come on. Like, come on. What are we doing? Or it's Tuesday.

• 45:38Speaker 04

  I'm trying. I am trying.

• 45:40Caleb Hammer?

  You will try potentially, and I hope you do.

• 45:44Speaker 04

  Am and will continue to try.

• 45:47Speaker 04

  I am reducing that number.

• 45:50Caleb Hammer?

  But a couple days does not count.

• 45:52Speaker 04

  You don't go from zero to 100. It's obviously.

• 45:55Caleb Hammer?

  Yes, but I'm not going over here and shaking your head and giving you an award for it.

• 45:58Speaker 04

  I understand, but I'm trying. That's something.

• 46:00Caleb Hammer?

  What matters is whether or not that's sustained. That's all that matters. These federal student loans.

• 46:07Caleb Hammer?

  Unsubsidized.

• 46:08Speaker 04

  One unsubsidized and one subsidized.

• 46:11Caleb Hammer?

  So it's just these two?

• 46:12Speaker 04

  The two student loans, yes.

• 46:20Caleb Hammer?

  Oh, man. Whew. We're nearing that 7% interest rate on these.

• 46:25Speaker 04

  Better than 15.

• 46:27Caleb Hammer?

  Yes, it's better than 15. Congratulations. Do you need validation on that, too? Like, it doesn't mean it's good.

• 46:34Speaker 04

  This rate, it's.

• 46:35Caleb Hammer?

  You always try to make it sound like it has to be good or something. It's like you're obsessed with that.

• 46:42Caleb Hammer?

  But that doesn't mean it is.

• 46:43Speaker 04

  Okay, well, the debt had to be accrued. I have to pay for college. That's how it is.

• 46:47Caleb Hammer?

  Well, maybe. I don't know your entire financial situation. Again, I'll bring it up for the seventh time. Uh, maybe you didn't have to take out as much if 750 didn't go to fast food. So don't say that I had to.

• 46:55Speaker 04

  Well, I didn't have the cash to pay for it, so I got the loans to pay for it.

• 46:58Caleb Hammer?

  Yes, now why did you not have the cash?

• 47:01Speaker 04

  Because I have a parasitic draw on my account with the fast food.

• 47:06Caleb Hammer?

  So don't say you couldn't.

• 47:08Speaker 04

  At the time, I could not have.

• 47:09Caleb Hammer?

  Yeah, based on your actions, but not mathematically.

• 47:12Speaker 04

  Mathematically, sure.

• 47:14Caleb Hammer?

  That's all that matters.

• 47:16Speaker 04

  It's.

• 47:16Caleb Hammer?

  Why do I give a about the other way? I'm not sitting here and saying you were correct for the going out to eat. So why would I support that?

• 47:24Speaker 04

  I'm not saying you have to support. I'm just saying that's part of the reason why.

• 47:26Caleb Hammer?

  But if you don't acknowledge that that's completely within your control, then you're never going to change that for the future.

• 47:33Speaker 04

  At that time, I paid for it how I could and I planned to pay off the student loan, but one of them does not accrue interest until I'm out of college. The other one has a 6% rate. It's better than the 15.

• 47:43Caleb Hammer?

  Six.

• 47:44Speaker 04

  It's 6.5.

• 47:45Speaker 05

  Hello, I'm Chris Richards, general manager at Safran Volkswagen Richmond. I'm here to announce an exciting new program that I want you to listen to. Here's my friend Happy.

• 47:54Speaker 06

  Hi, I'm Happy Harry Turner, special finance manager at SafranCredit.com. If you're in an open Chapter 13 bankruptcy, recently filed a Chapter 7, or you've been turned down because of credit challenges, don't give up. For nearly 30 years, I've helped people get reliable transportation when others said no. Visit SafranCredit.com. Remember, I'm not happy unless you are.

• 48:15Speaker 04

  What, 7.5?

• 48:16Caleb Hammer?

  Five.

• 48:16Speaker 04

  Five. Better than 15 and it's better than whenever I'm getting on my credit card.

• 48:20Caleb Hammer?

  Okay, so because something's bad but better than something else that's worse, it's okay? I don't get it. I will never understand that.

• 48:25Speaker 04

  It's not okay.

• 48:26Caleb Hammer?

  Then why are you talking about it like that?

• 48:27Speaker 04

  It's not okay sometimes.

• 48:28Caleb Hammer?

  It wasn't necessary. It wasn't necessary.

• 48:30Speaker 04

  I've gotta pay for it somehow and I don't have the cash to pay for it.

• 48:33Caleb Hammer?

  It didn't have to be this big. Oh my gosh. How, do you not understand? Or where, where are we disconnected in this? Where are we disconnected in this? I'm so confused. What you are saying is literal fact, but you're almost saying it by saying that it's okay. I need you to realize it is not okay. Yes, it is fact. It is not okay.

• 48:51Speaker 04

  I'm not saying it's okay.

• 48:52Caleb Hammer?

  Then why are you saying it?

• 48:54Speaker 04

  Because it's sometimes a necessary evil. Doesn't mean it's right.

• 48:56Caleb Hammer?

  But it wasn't a necessary evil. It wasn't a necessary evil.

• 48:59Speaker 04

  At the time, it was.

• 49:00Caleb Hammer?

  No, it was not. It happened because of your behavior. It was not necessary. So do not, I cannot allow you to think that because if you think that your future's gonna be because you allow that to be necessary in the future.

• 49:14Speaker 04

  I paid for it. I've gotta pay it off now. That's how it is.

• 49:16Caleb Hammer?

  Well, yes, no congratulations. What? Oh, okay.

• 49:21Speaker 04

  Obviously, I made bad decisions with my finances, but the only thing I can do now is make better decisions and pay off my debt. Right now, that's where I'm stuck.

• 49:28Caleb Hammer?

  Well, I know. I'm not disagreeing with that. Every time you are pushed back on an opinion, you just come out and you just say like a fact that is supposed to make you like sound good. Like, yes, congratulations. I'm glad you have that mindset. But I can't have you have the mindset of past was okay and was a justifiable reason. It wasn't.

• 49:45Speaker 04

  It happened, period. I understand it's not necessarily justifiable, but it's happened.

• 49:50Caleb Hammer?

  No shit.

• 49:51Speaker 04

  If I focus on the past and why I made all the bad decisions, I'm just gonna make things worse.

• 49:54Caleb Hammer?

  No.

• 49:55Speaker 04

  But if I acknowledge what I did and that it happened and how I have to correct it.

• 50:00Caleb Hammer?

  You just said if I, if I think about the past and why I did what I did, that'll be bad? No. If you don't, if you don't think about why you did being bad, then you'll just do it again.

• 50:11Speaker 04

  I'm sorry, I didn't mean it that way.

• 50:12Caleb Hammer?

  It's the row the boat mantra. PJ Fleck, row the boat. The reason you're rowing the boat to the future, but you're still looking back and so you're learning from the mistakes in the past, so that your future is better. I'm not saying focus on the back and like, oh no, oh me, oh me.

• 50:26Speaker 04

  But if I get stuck on the fact that I did it and getting mad at myself for the fact that I did it.

• 50:31Caleb Hammer?

  I'm not suggesting that.

• 50:31Speaker 04

  I know.

• 50:32Caleb Hammer?

  I'm not suggesting, I'm trying to correct you, your mindset on it because you were trying to say it was a justifiable reason. It wasn't. I'm not saying go and beat yourself up. Or don't put words in my mouth or assumptions, dude. I think I'm being very clear in what I'm trying to communicate.

• 50:46Speaker 04

  I need to build better habits.

• 50:49Caleb Hammer?

  You're doing it again. You're doing it again. You are pushing off in a reasonable point by saying, I need to do better. No shit. That, you just defined the entire conversation. That's an unnecessary statement. I know that. We all know that. That is what everybody knows.

• 51:03Speaker 04

  Then let me, help me fix it. Show me how to fix this because I don't know at this point.

• 51:08Caleb Hammer?

  Of fixing that is not defending that it was a necessary evil because it wasn't a necessary evil.

• 51:14Speaker 04

  Fine. All of my actions so far have been awful and I need to build on that.

• 51:18Caleb Hammer?

  Do you actually believe that?

• 51:20Speaker 04

  Kind of. I know I've been making stupid decisions. The car shouldn't have been bought.

• 51:23Caleb Hammer?

  Gosh.

• 51:24Speaker 04

  I shouldn't have done half the shit I did and.

• 51:25Caleb Hammer?

  I don't like your responses, man. It's, it's different. I feel like there could be a more mature way to look at this.

• 51:31Speaker 04

  That's possibly true, but that's, that's who I am.

• 51:36Speaker 04

  I am who I am. I make decisions because of who I am and now I need to deal with my actions because of who I am.

• 51:42Caleb Hammer?

  You just did it again.

• 51:43Speaker 04

  Okay, let's just keep on going then. Let's, let's talk about how to fix things.

• 51:47Caleb Hammer?

  Yeah, it's like, do, as you use it as like a get out of jail free card for everything you do?

• 51:55Caleb Hammer?

  Not like intentionally trying to beat a dick is just like that like the statement like that is like Yeah, it's a good announcement, but again, you weren't willing to actually Whatever. I'm not gonna beat it over that. I'm not gonna beat it over that. Okay, this apple card. What's up with this card?

• 52:10Speaker 04

  That card is used for random purchases that just pop up like I budget my money to I have a certain amount set to spend for bills and a certain amount to spend on Food and whatever.

• 52:20Caleb Hammer?

  I don't know about bills. I see Dick's Sporting Goods. I see SodaStream. I see Uber Eats. I see Uber Eats. I see some golf thing. I see mod pizza, Chick-fil-A, Rudy's. Bills? What bills are we talking about? Uh, I see golf. I see going and getting some bull I see smart drinks and mod pizza. I also see Panda Express and Panda Express and smart drinks And an Apple bill and a Panda Express and Netflix and Spotify. Hmm, interesting.

• 52:46Speaker 04

  That's for excess.

• 52:47Caleb Hammer?

  Oh, access, because we have so much access.

• 52:51Speaker 04

  I don't budget enough.

• 52:53Caleb Hammer?

  You don't budget. Do you budget?

• 52:55Speaker 04

  I so I budget, but I don't.

• 52:57Caleb Hammer?

  If you budget, how did you spend?

• 52:59Speaker 04

  More than I'm budgeting. That's where my problem lies. Well, I paid off the card and

• 53:04Caleb Hammer?

  Yes, but you're still spending on it. Meaning, meaning anytime I I'm good. Listen. I feel like you're taking this a different way. Again, I'm not saying you are bad for paying off the card. Good. You have to continue to pay off the card, but in order to pay off continuing the card that you're purchasing on, That means you're still spending the money by paying off the card of all the swipes you're doing. So you're still more mu- it's still more money than you have to spend.

• 53:25Speaker 04

  Well, most of those purchases are food and I intend to get rid of those. Which means that there won't be any balance on that card.

• 53:35Speaker 04

  I won't be spending money on I'll try not to spend money on Fast food as much as I did and I'll try and eliminate it because one, it's not good for my health. Two, it's not good for my money.

• 53:44Caleb Hammer?

  Your actions are this. I can't just allow you to say I will not do that. You are doing that. If it was different and you weren't doing it on this card, I would believe you and I'd be okay with it. Two days of doing something just because you're gonna come on the show does not count. Listen dude, you are doing this. So you telling me you're not going to means nothing because this is what you have been doing.

• 54:06Speaker 04

  It's just like I said, excess from not budgeting enough.

• 54:10Caleb Hammer?

  So your budgeting is confusing. You say you budget, but you don't do the actual act of budgeting. I feel like you made a spreadsheet once, like.

• 54:16Speaker 04

  More or less.

• 54:17Caleb Hammer?

  Like you're not budgeting if you spend a thousand five hundred dollars more than you make on a monthly basis.

• 54:21Speaker 04

  I'm sure that number is partially incorrect. I don't spend more than what I make. I don't go, oh, okay, I do, but not that much.

• 54:29Caleb Hammer?

  Well, I mean, the numbers are the numbers are the numbers. Like we had it. It was the spreadsheet, literally. Like, it's like your math. It's your numbers.

• 54:39Speaker 04

  Part of it is also just from making, when I made a hundred K, that's when I, that's my lifestyle that I, I had. I got used to that.

• 54:48Caleb Hammer?

  So now you're just completely missing the point you had before.

• 54:51Speaker 04

  More or less.

• 54:52Caleb Hammer?

  So you lied.

• 54:54Speaker 04

  Not necessarily.

• 54:54Caleb Hammer?

  The fuck are you doing, guy? I feel like every time, every time something comes out of your mouth, you're just trying to sound good. You're just trying to sound good, but then it's incorrect and I have to call you on it. But it's hard for me to always call you on things, especially when you say something that is like, um, something kind of good where it's like, yeah, I need to change it. Like, yes, that is actually kind of what I want you to say. But I know based on everything, you're just saying what sounds good. You're just saying what makes you look good, but that's not actually addressing your root causes. And I would rather you join the average guest that pays off, you know, ten thousand five hundred dollars in eleven months or the median ten thousand, ten thousand. I'd rather you do that. But the people who do that, they acknowledge their issues. They acknowledge where their flaws are and they actually accept the change of they shouldn't have done that instead of justifying the past.

• 55:36Caleb Hammer?

  And instead of just trying to say things that make them look good, they actually work and actually put the improvements in instead of being all talk, but you're just being a little talk guy. All right. It's like you're in circles over. Like, why did you just say that thing that was objectively untrue? And then you completely diminished it immediately and said something completely different. I don't understand it. I really don't because how is that productive?

• 55:56Speaker 04

  It's not very. That's obviously where I need to fix things. And I know you, I know, but I can't not acknowledge it.

• 56:04Caleb Hammer?

  No, you can't, but you just say the thing that makes you look good. It's just like.

• 56:07Speaker 04

  I'm not trying to make myself look good, but that's the point of that.

• 56:10Caleb Hammer?

  You do the lie. You get called down. You're like, oh, I'm right. Move on. Like, what are, what are we doing?

• 56:18Speaker 04

  I don't like confrontation. I don't like disagreeing with people.

• 56:21Caleb Hammer?

  Interesting show to sign up for.

• 56:24Speaker 04

  Fair enough, but it's, I mean, something had to change, obviously.

• 56:28Caleb Hammer?

  What will actually be different this time? Not the I'm going to do it. What is actually different in your life going forward from here? Not the I'm going to do it. I don't want to hear any more of that. What is actually different?

• 56:40Speaker 04

  I mean, so far, not a whole lot because.

• 56:42Caleb Hammer?

  Why would it be different? Can you give me a why?

• 56:45Speaker 04

  In my life, things would be different by spending less money on food.

• 56:49Caleb Hammer?

  I'm asking the why, because there is no action without the why. Give me the why. Why would things be different?

• 56:55Speaker 04

  Why to change?

• 56:56Caleb Hammer?

  Yes.

• 56:57Speaker 04

  Because obviously I'm accruing more debt than I can take care of and I want.

• 57:01Caleb Hammer?

  Why does that matter? There has to be a why, man. You're not giving a good why, which gives me no encouragement of getting out of this.

• 57:08Speaker 04

  Well, I don't want to be in debt my whole life and I want to buy a car that I like.

• 57:13Caleb Hammer?

  Okay.

• 57:13Speaker 04

  Right now I have a car and it's nice. It's okay.

• 57:16Caleb Hammer?

  So that's one of our big goals is a car. So a lot of, so some of the.

• 57:20Speaker 04

  And I want to move. I want to get out of Texas. I want to move up north, somewhere nice, but I can't.

• 57:25Caleb Hammer?

  Here we go.

• 57:25Speaker 04

  I don't want to keep renting. I can't keep on renting because that's just throwing my money away.

• 57:30Caleb Hammer?

  Kind of.

• 57:31Speaker 04

  It's not as good as buying a home and being able to put money towards.

• 57:34Caleb Hammer?

  Depends on the situation. Right now mathematically renting makes more sense, especially in Austin.

• 57:37Speaker 04

  Okay, I'll concede to that. But at the same point, I do need to get out of here.

• 57:43Caleb Hammer?

  Okay, there's some decent, there's a decent why to move and to get the car you want. Okay, okay, I can work with that. Okay, a why is not because I'm going to change. That's not a why. I need you to focus on these things. I want you to set the goal. Then I need you to really think, what does it take? What boxes do we have to check off to get there? And really start hitting to those because if you are just aimless in this, or you're just trying to get out of confrontation, you're just trying to do what makes you look good or say what makes you look good. You're not going to actually get to the end why that you're trying to get to.

• 58:16Speaker 04

  Okay, yeah.

• 58:17Caleb Hammer?

  Okay, I mean, a few other resources we can get you connected with that we've partnered with. We'll get you on the Fizz card. It's a debit card that builds credit, so you're not actually overspending what's in your account because there's literally negative in your account. Again, sit down with the therapist, maybe a tech certification through Course Careers. As you're getting in that field, it'll just give you that extra boost. So we can get you a free one of those. You have to go through the education, obviously, but okay.

• 58:40Caleb Hammer?

  Yeah. All right, Amazon, we got an Amazon card. Okay, so what's going on with this? Cause you didn't fully pay it off, even though you're relatively close. And then you just put the balance right back on. Like, what was the point? We were at 298, then you paid 150, like, actually, good job. Then you put 123 on it, and then you allowed it to accrue interest. So like, what are we doing here? It's, it's kind of indicative of your behavior and how you have just gone throughout this entire process of financial silliness.

• 59:07Speaker 04

  Some of the money from the Amazon card has been for purchases for Christmas, for presents. And then some of it was pants and.

• 59:17Caleb Hammer?

  Yeah, but why on here was my question? Like, like even the spending, would I have recommended it? Not necessarily. But regardless, why'd you put it on here? A card that is not being fully paid off, but was close. You were so close, and now it's accruing interest.

• 59:32Speaker 04

  It has the, the points on it. And then also I can't put on the debit card at the time.

• 59:37Caleb Hammer?

  Okay, then, okay, then we can't afford it. Then it simply becomes.

• 59:40Speaker 04

  But it's unnecessary.

• 59:43Speaker 07

  Build your front end and back end together on base 44. Describe the product logic with a managed database, authentication and hosting included. Spend less time assembling infrastructure and more time getting your product live. Go to base44.com.

• 59:57Caleb Hammer?

  Presents are not unnecessary.

• 59:58Speaker 04

  That's a little different, but like.

• 1:00:00Caleb Hammer?

  Okay, tell me about the pants situation.

• 1:00:01Speaker 04

  Well, I only have, what, three pairs right now?

• 1:00:04Caleb Hammer?

  Oh, good. Then you got three pairs.

• 1:00:05Speaker 04

  But I don't do laundry every, I'm not going to do every, like, two times a week.

• 1:00:10Caleb Hammer?

  Sounds like maybe you should do laundry two times a week. We audit finances all the time on the show, but when's the last time you did a little life audit? Think about it. If your mental health is a mess, everything else falls apart. Your relationships, your work, and yep, even your finances. Stress leads to tequila level purchases, burnout leads to missed opportunities and anxiety. That'll have you avoiding bills like they don't even exist. But here's the good news. Today's sponsor, Sondar Mind, makes doing a mental health audit simple. They connect you with licensed therapists and psychiatrists tailored to your needs. And you want even more control? You can browse the directory to find the right fit with in-person or online options plus. They're app full of self-care tools. You've got your own personal mental health team at

• 1:00:55Caleb Hammer?

  your fingertips. And here's the kicker. Sounder Mind works with most major insurance companies. So you won't drain your budget to invest in yourself. They're in 48 states and Washington DC, meaning they're practically everywhere and just a few clicks away. It's time to prioritize your mental health, just like you do your finances. Go to pages.sondermind.com/caleb or click the link below to get started today. Trust me, getting your mental health in check is one of the smartest investments you can make. That's pages.sondermind.com/caleb, or head to the link in the description below to check out Sounder Mind and make mental health a priority in 2025.

• 1:01:29Speaker 04

  Also, they get dirty because of work. I'm at a car dealership. It's gonna get dirty.

• 1:01:32Caleb Hammer?

  So you're doing laundry three times a week?

• 1:01:36Speaker 04

  Or I can just buy one more pair of pants.

• 1:01:38Caleb Hammer?

  You didn't have the money to. It was as easy as that. Points, that's not equating anything. On this Amazon card, I know you're getting 5%. It's a good card. Regardless, if you're getting 5% with the interest that is equating on this, you're completely losing it. So it doesn't your points. Your points. You're not getting them. They don't work in the way you're making them work. This works, dude. It takes eight months to pay off just the minimum monthly payment. And it's only at 20440. It's like, not even crazy. $29 minimum payment.

• 1:02:10Speaker 04

  I was gonna say, I don't do minimum payments.

• 1:02:12Caleb Hammer?

  I know you don't. You've, oh, how many times? That's not the point. It doesn't, you know, it doesn't matter, right? I would like to, may I whiteboard this? Perhaps, perhaps. I feel like you might be, uh, maybe it'll help you understand. Because you're saying that like it's a bragging thing. Like, you're trying to get me over there and give you some sloppy top. No sloppy top to you. You don't deserve it. Because I need to show you how this works with your little, okay?

• 1:02:41Caleb Hammer?

  Ah, okay. I'll turn it around. Think of this.

• 1:03:07Caleb Hammer?

  Here's your income. Spelled like C-U-M, isn't that funny?

• 1:03:13Speaker 04

  It's great spelling.

• 1:03:13Caleb Hammer?

  Here's your little payments. Here's, this isn't proportional, but here's your minimum. Okay? Okay? Here's your little extra you're putting towards it, okay? Because you're putting a decent chunk over to here to cover this from your income, right? Right? Cause he's a big guy, he pays more than his minimum monthly.

• 1:03:36Caleb Hammer?

  And then you immediately come and spend this much on the credit cards. If you were putting extra to your credit cards.

• 1:03:49Caleb Hammer?

  And in order to do that, you drain down the income and do not have the money in your checking account to pay for things and immediately rack up the credit cards again. It doesn't matter if you put more to the credit card cause you build it way back up again. Math, you're in the math classes, you're in the math zone, you're zucking it up, okay? You know how this fucking works. Stop being a dumb little tit. Don't jerk yourself off anymore that you put more towards it. You put more towards this 150. Well done, he did it, but then you put 128 towards like back on it. So it doesn't fucking matter.

• 1:04:34Caleb Hammer?

  Never say again in a conversation with anyone about money that you put more towards it. Cause it doesn't fucking matter. You build it all the way back up again, every fucking time on every card we've seen. So never say it again. You are not earning a prize with it.

• 1:04:54Caleb Hammer?

  See, let me see your Amazon account.

• 1:04:58Caleb Hammer?

  Thank you. Mouthwash, good, highly recommend, good job.

• 1:05:05Caleb Hammer?

  Battery packs?

• 1:05:07Speaker 04

  Mike, I have a career fair in a few days. I'm gonna record the sessions instead of trying to write notes down.

• 1:05:11Caleb Hammer?

  There's his pants.

• 1:05:14Caleb Hammer?

  Silver chain, trying to be a cool guy?

• 1:05:16Speaker 04

  No, I'm wearing a cross, but my chain broke.

• 1:05:18Caleb Hammer?

  To your protection, you got like a warranty? Zoom lens? I don't think we're doing a hobby of photography right now. I'm sorry.

• 1:05:25Speaker 04

  It is cheap.

• 1:05:26Caleb Hammer?

  Cheap doesn't matter, you don't have the money. Look what you just did. Stop trying to, just don't, stop, stop, seriously. A million dollar bill desktop collectible.

• 1:05:36Speaker 04

  That was.

• 1:05:36Caleb Hammer?

  You are trying to fucking survive. Shut the f- president or not, I don't care. National State Parks, Google Images. Listen, you get it when you're out of debt. I want you to get these things, I really do. You just don't get her, and I'm glad you got a lunchbox, that's a f- step in the right direction. Shampoo and stuff, I'm okay with that. Did you need the headphones? Probably not.

• 1:05:58Speaker 04

  Present.

• 1:05:59Caleb Hammer?

  Presents, I'm gonna look at your subscriptions.

• 1:06:03Caleb Hammer?

  Also.

• 1:06:07Caleb Hammer?

  Hmm.

• 1:06:08Speaker 04

  No case, no problem.

• 1:06:10Caleb Hammer?

  Yeah, it's heavy.

• 1:06:12Speaker 04

  It's paid off.

• 1:06:13Caleb Hammer?

  That's better be, this is risky. Do you have Apple Care?

• 1:06:16Speaker 04

  Yes.

• 1:06:17Caleb Hammer?

  You better be, but you can't afford another subscription regardless. I think for people like you, no offense, you're in debt, you're dying, negative in your checking account, trying to figure out how to pay the bills won't work any more than he already does. Get a case. Luminosity, golf swing, multiple Apple Cares, you pay for Weather Channel premium?

• 1:06:37Speaker 04

  It's $10.

• 1:06:39Caleb Hammer?

  You don't have $10, and it's the action, it's not the purchase specifically. Look how many purchases is justified across the board. Total AV monthly subscription.

• 1:06:48Caleb Hammer?

  So you have a lot of subscriptions, I'd cancel a lot of them.

• 1:06:52Caleb Hammer?

  Did you start a screen recording?

• 1:06:54Speaker 04

  Not that I'm aware.

• 1:06:56Caleb Hammer?

  I said start a screen recording.

• 1:06:58Speaker 04

  I didn't hear you. I was looking.

• 1:06:58Caleb Hammer?

  Oh, sorry, guys. It wasn't on screen because guys not listening.

• 1:07:02Speaker 04

  I can put it on screen.

• 1:07:04Caleb Hammer?

  It's already done.

• 1:07:06Speaker 04

  Sorry.

• 1:07:06Caleb Hammer?

  They're asking if you have weak wrists.

• 1:07:10Caleb Hammer?

  I don't know for why. I may have missed something.

• 1:07:12Speaker 04

  Weak wrists.

• 1:07:13Caleb Hammer?

  No, me? Because I said the phone was heavier than the current generations, maybe?

• 1:07:19Speaker 04

  You can feel that difference?

• 1:07:20Caleb Hammer?

  Couldn't lift his phone. I couldn't? No. Alright, what's going on? Okay. Negative nine dollars and fourteen cents.

• 1:07:32Caleb Hammer?

  You can't justify literally anything you've done this entire conversation, not even the stupid little $10 purchase because it's not behavior at that point. That is just an actual purchase I would call out because you are negative in your checking account. The moment you're negative in your checking account, uh-uh, those don't exist. It is simple as that. No more collectibles, no more dum-dum, no more stupid stupid. It's stupid. Okay?

• 1:07:52Speaker 04

  My thing is, I'm not saying I should. Some things need to go to personal life. I have that much.

• 1:07:59Caleb Hammer?

  I agree to that, not until you're overdrafting. Once you're overdrafting, it doesn't matter. You're in fire mode.

• 1:08:06Speaker 04

  I have not accrued an overcharge fee in at least a year.

• 1:08:10Caleb Hammer?

  Look how close, at least a year. I haven't. How about I haven't? Huh? You like that? Jerk me off now. Now I'm saying it for, to get awards. I don't give a [bleep]. You haven't in a year? Good job. You look how close you are. You're going to do it again. It's just a matter of time. You're skating by by this much, this much.

• 1:08:36Speaker 04

  I understand that I need to put more money, but how much would I be able to put towards myself?

• 1:08:42Caleb Hammer?

  I don't know yet, but all I'm saying if you're negative in your checking account, zero. Because at that point, you're in emergency mode. Emergency mode. It's not a question at that point.

• 1:08:52Speaker 04

  Well, the way I work things currently, as I have money coming in weekly, and a bill weekly, so it always gets close to zero because I I'm getting close to what I've put away. So it's not like I'm-

• 1:09:03Caleb Hammer?

  Negative nine dollars fourteen cents. Is that zero?

• 1:09:06Speaker 04

  No.

• 1:09:06Caleb Hammer?

  Oh, that's interesting. Shut the [bleep] up then.

• 1:09:10Caleb Hammer?

  Canteen, canteen, McDonald's, another Apple Bill, canteen, canteen, McDonald's, Rudy's, barbecue, SodaStream, what the [__] is all this SodaStream?

• 1:09:18Speaker 04

  SodaStream is-

• 1:09:19Caleb Hammer?

  Second of your life, it's forty-eight bucks. I know what it is, but why is it so much? No, but I saw it on the credit cards, too.

• 1:09:25Speaker 04

  It's for the CO2. It's forty bucks a month.

• 1:09:28Caleb Hammer?

  How much CO2 are you shoving up your-

• 1:09:31Speaker 04

  I do like two bottles a month.

• 1:09:33Caleb Hammer?

  I saw three charges.

• 1:09:36Speaker 04

  When you return, oh, there's also drinks. I bought the drinks themselves.

• 1:09:39Caleb Hammer?

  Apple Cash, send out, Rudy's Barbecue, Chick-fil-A, McDonald's, Hat Creek Burger, Amazon Subway, Rudy's Barbecue, Canteen, Canteen, InReach, McDonald's, Tacos, InReach, you're talking about having a little bit of personal spending? This is once a day. Shut the [__] up, you don't know what you're talking about. Apple Bill, Double Dave's, Rudy's Country Store Barbecue, Rudy's Country Store Barbecue, Amazon, Microsoft, Double Dave's.

• 1:10:08Caleb Hammer?

  Canteen vending, Canteen vending, Rudy's Barbecue, Canteen vending, hello, bros, it's not even that good. Rudy's Country Store Barbecue, Rudy's Country Store Barbecue, Apple Cash, send out, Canteen vending, Canteen vending, Duchess, Apple Cash, send out, My Pizza, Chick-fil-A, Chick-fil-A, Dairy Queen, Rudy's Country Store, Cash App, Double Dave's, Rudy's, Cash App, Cash App, send out, what is all this Cash App, dude?

• 1:10:35Speaker 04

  Rent. That's how it comes in and goes out.

• 1:10:38Caleb Hammer?

  Cash App? An Apple Cash? What is this, Apple Cash? Nine dollars?

• 1:10:43Speaker 04

  Apple Cash? I have no clue. I don't know what a nine-dollar charge on Apple Cash is from a month ago, whatever. I don't, I don't know what that is.

• 1:10:50Caleb Hammer?

  Yeah, you ended negative, so shh. Stop being a dick, you little [__]. You ended negative, you should know, because guess what? You wouldn't be negative if you didn't have it. Fuck you, child. Apple Bill, stopped at a gas station, got some bull [__] Mott's Pizza, stopped at a gas station, got some bull [__], torchies, InReach, Spotify, guys, I know for a fact that I don't spend more than I make, negative in this check-in, hell, shut the [__] up. And other Spotify, you have Spotify on two different things. Spotify here and on a credit card. You're out of control, you have no idea what the [__] is happening, you are a literal baby. InReach, Chevron, you stopped in and got some bull [__] and an Apple Bill.

• 1:11:31Caleb Hammer?

  Why is there $500 in savings if we're negative in there? I'm so confused. You actually put more in, you put 800, but then you had to take out money.

• 1:11:38Speaker 04

  So I saw Dave Ramsey thing saying you should put a thousand dollars in savings.

• 1:11:42Caleb Hammer?

  It's good start.

• 1:11:43Speaker 04

  Even though it's not, I can't warrant, I can't justify myself having that money in there when I have the debt. And then recently I had to do dental.

• 1:11:50Caleb Hammer?

  You know, you'd have the money in there if you weren't. Who's Rudy's country store in Bay? You should have a single.

• 1:11:54Speaker 04

  At this current moment, I needed the money and so I spent the money on dental. No.

• 1:11:58Speaker 00

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

• 1:12:28Speaker 04

  I'm saying the money that I put in, I used for dental work because I had to pay it off.

• 1:12:32Caleb Hammer?

  How much was the dental work?

• 1:12:33Speaker 04

  Eight hundred.

• 1:12:34Caleb Hammer?

  That's curious. How much did you spend going out to eat?

• 1:12:36Speaker 04

  Eight hundred ish.

• 1:12:37Caleb Hammer?

  Huh. Needed the money. Yeah, maybe we find it from other sources and on an emergency fund.

• 1:12:44Caleb Hammer?

  Three thousand in Robinhood.

• 1:12:46Speaker 04

  Okay, so.

• 1:12:47Caleb Hammer?

  Can I see? Can I see your Robinhood? I want to see what you're invested in.

• 1:12:50Speaker 04

  Well, nothing. Well, I have a little bit in crypto.

• 1:12:54Caleb Hammer?

  Three thousand?

• 1:12:55Speaker 04

  My friend told me to invest in this thing.

• 1:12:58Caleb Hammer?

  Whoa, whoa, whoa, it's 200.

• 1:13:00Speaker 04

  It's crypto, yeah. So I made.

• 1:13:03Caleb Hammer?

  That's Shib, Pepe and Doge. Oh, my f- kid.

• 1:13:11Speaker 04

  If they go, okay, my thing with stocks is.

• 1:13:15Caleb Hammer?

  You think, yeah, let me hear this.

• 1:13:17Speaker 04

  Okay, well, first, we'll start with the, the money in. So I put like five in towards this one stock that was supposed to go off crazy.

• 1:13:24Caleb Hammer?

  It was supposed to. It was, it was scheduled to, guys. It was scheduled. It was ready. It was like, we, we clocked it in.

• 1:13:29Speaker 04

  Every six months it went up a hundred fold.

• 1:13:32Caleb Hammer?

  That's not a schedule, though.

• 1:13:35Caleb Hammer?

  Go on.

• 1:13:35Speaker 04

  For the past three years, every six months it had gone up. So I invested and it went down.

• 1:13:40Caleb Hammer?

  Three years before that?

• 1:13:41Speaker 04

  It wasn't available then.

• 1:13:42Caleb Hammer?

  Okay.

• 1:13:43Speaker 04

  So it's relatively new. So I put the money in and of course it tanked because that's my luck. And then

• 1:13:48Caleb Hammer?

  Not luck because you made a stupid investment.

• 1:13:50Speaker 04

  And then it went back up and I made my money back and some. I left a little bit in there for crypto just in case it happens to be Bitcoin 2.0 and I get to be a millionaire for free. It's a hundred bucks.

• 1:14:00Caleb Hammer?

  What about the, I don't care about that. Why did it come, go down from 3,300 to 200?

• 1:14:07Speaker 04

  I cashed out and put it towards.

• 1:14:09Caleb Hammer?

  So from the stock win?

• 1:14:10Speaker 04

  Yeah, I cashed out that and put it towards one of the cards.

• 1:14:14Caleb Hammer?

  So you didn't actually pay off like the card from behavior based things. You got lucky on a bet. Oh my, it all makes so much more sense. Of course not. You haven't made any progress, really. You got lucky once. Oh, you fuck me. Oh, there went my hope. There went my hope. I was like, oh, you paid off the Apple card. Okay, we can do something here at the end. Fuck.

• 1:14:36Speaker 04

  The Apple card was separate. I already put the money towards the other.

• 1:14:39Caleb Hammer?

  How much was the Apple card?

• 1:14:41Speaker 04

  Uh, the last payment I'd have to look, I think it was like 500. I paid it off.

• 1:14:45Caleb Hammer?

  Okay.

• 1:14:46Speaker 04

  Because I'd been able to be working more.

• 1:14:48Caleb Hammer?

  But you spent multi hundreds on there, didn't you? Again, your, your payoff doesn't matter if the money goes back on. Like that, you, what about net? Net a hundred, maybe? You keep trying to like, really get pants on the back for that, but you don't get them when you put it back on. Dude, kidding me. Remind me you're renting in your portion.

• 1:15:10Speaker 04

  340.

• 1:15:10Caleb Hammer?

  And utilities?

• 1:15:12Speaker 04

  Uh, I don't pay utilities.

• 1:15:13Caleb Hammer?

  Internet?

• 1:15:14Speaker 04

  I don't pay towards that.

• 1:15:16Caleb Hammer?

  Joke. There's no reason for this, man.

• 1:15:21Caleb Hammer?

  We'll figure out the school costs in a second. Obviously no minimum payments on the student loans. Um, okay. So four 36 for your debt payments.

• 1:15:34Caleb Hammer?

  Gas, room, room, drive, drive, monthly basis?

• 1:15:36Speaker 04

  Fifty a week. So, times four, two hundred.

• 1:15:39Caleb Hammer?

  Is that how it works? Car insurance, how much?

• 1:15:41Speaker 04

  One eighty-seven.

• 1:15:44Caleb Hammer?

  Three hundred dollars for groceries, use the cookbook that you get for free when you use our simpler budget app and join premium with all the classes and stuff.

• 1:15:54Speaker 04

  It's three hundred a month?

• 1:15:56Caleb Hammer?

  What, what?

• 1:15:57Speaker 04

  The three hundred you're allotting for grocery spending?

• 1:15:59Caleb Hammer?

  Yeah.

• 1:16:00Speaker 04

  Okay.

• 1:16:01Caleb Hammer?

  What you can do, just actually meal prep. TP fund, hundred, anything else you need, that's your toothpastes, your dildos, whatever you use, whatever gets you there, man. Pet insurance, do you have any pets?

• 1:16:11Speaker 04

  No.

• 1:16:12Caleb Hammer?

  Okay. Good.

• 1:16:14Speaker 04

  I hate pets.

• 1:16:15Caleb Hammer?

  You hate pets?

• 1:16:16Speaker 04

  I hate hair. Gets everywhere.

• 1:16:18Caleb Hammer?

  Now, you look like someone who can eat them. Okay. Well, yeah, I can get a little Dahmer in you. Medical, healthcare, anything on a monthly basis?

• 1:16:27Speaker 04

  Uh, not currently, uh, for healthcare. I'm on my parents.

• 1:16:31Caleb Hammer?

  Yeah, but like prescriptions or anything? Therapy?

• 1:16:34Speaker 04

  Prescriptions, uh, a hundred a month, maybe.

• 1:16:40Caleb Hammer?

  That's significant.

• 1:16:41Speaker 04

  I haven't had to get it, get any recently, so I don't know.

• 1:16:43Caleb Hammer?

  So, would, will it be coming up?

• 1:16:45Speaker 04

  Yes. I do need to get a refill soon.

• 1:16:48Caleb Hammer?

  Okay, well, put a hundred in. Feels a bit high. What is it?

• 1:16:51Speaker 04

  Uh, well, I have multiple. I have one for sleeping and one for, uh...

• 1:16:55Caleb Hammer?

  Now, if it's multiple, that makes more sense.

• 1:16:57Speaker 04

  Yeah.

• 1:16:57Caleb Hammer?

  Depending, especially on your parents' plan.

• 1:17:00Speaker 04

  Also, one thing that reminded me of is I had another, um, some of the spending on that card was from a, an esoph-

• 1:17:09Caleb Hammer?

  What card? We looked at like four cards. Okay.

• 1:17:13Speaker 04

  An esophageal enlargement, twice, because I basically choke on every meal I have.

• 1:17:19Caleb Hammer?

  Don't do that.

• 1:17:20Speaker 04

  And try not to.

• 1:17:21Caleb Hammer?

  Okay, do you take something for that?

• 1:17:22Speaker 04

  I do now. That's part of it.

• 1:17:24Caleb Hammer?

  Good. I'm sorry, that, that- That must be horrible.

• 1:17:27Speaker 04

  I eat fries and I would feel like I'm about to choke. Every single time.

• 1:17:31Caleb Hammer?

  Is that a mental thing or is it physical?

• 1:17:32Speaker 04

  No, it's physical. I have eosinophils. There's too many in my throat.

• 1:17:37Caleb Hammer?

  So this is the thing that's prescribable. Well, obviously.

• 1:17:40Speaker 04

  Yes. The treatment is enlargement, which kind of takes, kind of doesn't. And then something to combat the autoimmune disorder of the eosinophils.

• 1:17:50Caleb Hammer?

  How long have you been taking it?

• 1:17:51Speaker 04

  Six months a year now.

• 1:17:52Caleb Hammer?

  I hope it gets better, man. Is there more they're able to do?

• 1:17:55Speaker 04

  Well, there's the enlargement is the surgery, so to speak, and I can do more of those, but it's expensive.

• 1:18:00Caleb Hammer?

  Oh, so you've done them before?

• 1:18:01Speaker 04

  I've done two.

• 1:18:02Caleb Hammer?

  It helps for a bit?

• 1:18:04Speaker 04

  I mean, it's better than what it was. I haven't had it feel like I'm gonna die recently.

• 1:18:08Caleb Hammer?

  As long as we're avoiding that, right?

• 1:18:10Speaker 04

  Yeah.

• 1:18:10Caleb Hammer?

  I feel like that's the, it's the big thing. No death.

• 1:18:13Speaker 04

  No death.

• 1:18:13Caleb Hammer?

  What's the point of all the work we're about to do? Well, that you're about to do.

• 1:18:16Speaker 04

  If I'm gonna choke on my chicken leg.

• 1:18:17Caleb Hammer?

  Yeah, so no choking on, um, yeah, no choking on.

• 1:18:21Speaker 04

  So yeah, that's some of the medical bills too that accrued on my card.

• 1:18:24Caleb Hammer?

  Anything else on a monthly basis that needs to be in here?

• 1:18:28Speaker 04

  I think that's about it.

• 1:18:29Caleb Hammer?

  Cool. Congratulations. You have leftover money. I'm not surprised. I already told you.

• 1:18:34Caleb Hammer?

  You have $536.87. I'll give you $100 towards fun because you just absolutely need that. You know, you, you, you won't sacrifice. I'd rather get you there, even if it takes a little longer. Though, you know, the intent, if you could really show the intent by going all in, but whatever. It is what it is. What's your, I know it's gonna change once you transferred a full time to UT or A and M, but what's your tuition right now?

• 1:19:00Speaker 04

  I paid 1500 for everything.

• 1:19:05Caleb Hammer?

  You could have cash flowed that. Fuck, you could have cash flowed that. Now, what you said earlier.

• 1:19:11Speaker 04

  Sorry.

• 1:19:11Caleb Hammer?

  Was even.

• 1:19:12Speaker 04

  2300. I had paid 600.

• 1:19:14Caleb Hammer?

  You could have been pretty damn close, especially since you work more during breaks. Because you only do fall and spring, right?

• 1:19:19Speaker 04

  Yeah. Well, I'll do summer as well, hopefully.

• 1:19:22Caleb Hammer?

  Well, that's a little less, right?

• 1:19:23Speaker 04

  Yeah.

• 1:19:23Caleb Hammer?

  Okay. I think you could have cash flowed. It would have been close. You may have had to borrow a little. But I think you would have got really close. So what you said earlier, incorrect, man. But now we're in a situation where I'd rather you borrow those loans and have this extra money go towards paying off things like the Sapphire, the SoFi, or the Amazon. Amazon, obviously, we take care of in a month. It's not even a question. Okay, but the SoFi, that, let's take care of the Sapphire next. No, it's just minimum monthly payments on all this and everything else towards what we're focusing on. And we do the Amazon first Sapphire we killed in about.

• 1:19:57Caleb Hammer?

  I'd say about a year, which is okay. You're in school. Oh yeah. You got yourself in the hole, man. Work more. I know you can. And if you bring in a couple hundred extra bucks, you can get that down to, you know, like seven months or so. Like you can make this go quicker. Um, and at that point with what's left over, I'm going to say the so far is probably going to be about a year and a half. After that, but two and a half years while still in school, that's actually not horrendous to get out of the mess. And then you got to focus on paying down the student loans. Already financing to them to a lower rate if you can afterwards, but you lose some of the protections that we'll talk about it then. But either way, they're not at a great rate, but I'd rather you borrow at that rate and pay off the bad loans.

• 1:20:33Speaker 04

  One thing with UT is saving grace is it's free if I get in.

• 1:20:36Caleb Hammer?

  Well, there you go.

• 1:20:37Speaker 04

  I have to get in, but it would be free.

• 1:20:38Caleb Hammer?

  Please do. Work your ass off and you already are. We've allotted the hours to it. If you can work an extra five hours a week, man. Seriously, and like.

• 1:20:47Caleb Hammer?

  What is it? 25 is what you make an hour? 20?

• 1:20:50Speaker 04

  25.

• 1:20:50Caleb Hammer?

  It's an extra 500 bucks a month. So let's just say like 350. Uh, yeah, you're, you're almost be, you're almost doubling what goes towards it. Instead of two and a half years, like I think you could bring this down to like a year and a quarter, man. Come on, a year and a quarter, then you save up a fully funded emergency fund. By the time you graduate college, you're off to the races. You have an incredible life. It just takes a little bit of sacrifice now, and I may be giving you a hundred dollars a fund. Don't this up. Don't be so defensive. Don't look for the pats on the back. Don't try to get out of negative confrontations. Time to have that confrontation with yourself internally and actually work on this shit. Get to the goal you want to get to. The things you named are okay, like a nice car shirt, whatever. If that's what you want, fine.

• 1:21:31Caleb Hammer?

  You know, we got to get to some things before that, like some investment goals and stuff. Sure. But you know, the house and moving, I'm, I'm, I'm good with all that. Let's do that. And this is the first path towards there. So please follow this. Please take the classes, the budgeting class, the debt class, the investing class. Please use the resources that we give you. Please use the simpler budget app. Come on, man. We, we are giving you everything. Everything in our power to make sure you can get there. Be like the average guest. Be like the median guest. You can do it. Spending in a budget. You overspend. Zero out of 10. Debt. Not the worst of the worst of the worst in terms of the numbers, not fantastic either, but two out of 10, because it is still bad. High interest, even your student loans subsidized even bad interest. Emergency fund.

• 1:22:17Caleb Hammer?

  I'll give you a one and be generous because you're not even a tenth of the way to a fully funded emergency fund retirement. I'll give you one to be beyond generous with the Doge.

• 1:22:27Speaker 04

  I have invested in a 401k.

• 1:22:29Caleb Hammer?

  Oh, how much you have?

• 1:22:30Speaker 04

  I have thirty two and one, thirty two hundred and a Roth and nine hundred and a traditional 401. That's another thing I don't know.

• 1:22:41Caleb Hammer?

  Let me do some math. Oh, sorry. Go ahead. Actually, go ahead.

• 1:22:44Speaker 04

  I was gonna say, I don't know how much I should put towards that because I know with.

• 1:22:49Caleb Hammer?

  Right now, nothing. Well, do you get a match?

• 1:22:52Speaker 04

  Uh, no.

• 1:22:52Caleb Hammer?

  Then nothing. Nothing right now. Nothing right now until you get to what we define, what we defined. And then out of all that debt, really, because it's all bad debt in terms of interest rate and then a fully funded emergency fund.

• 1:23:05Caleb Hammer?

  Um, so you had how much in retirement again, exactly?

• 1:23:09Speaker 04

  Uh, it would be approximately forty one hundred.

• 1:23:12Caleb Hammer?

  Forty one hundred. Okay. We need you to be to a minimum if you're at the same income level of thirty twenty six thousand. So I'm going to give you a three out of ten retirement wise. Real estate's zero out of ten for now. But if we get to those goals, you'll get there. You'll get there. Don't be defensive and petty on the back end. Silly little guy. Round it up. Hammer Financial Score one point five out of ten. Make sure to join us in the post show, guys. It's an extra twenty minutes every episode, plus a call in show and a lot of other things, live streams. Join Elite for the best value. Make sure you check out our education. It's all bundled together for fifteen percent off and our new simpler budget app. There's so much out there. It's all great. We'll see you in the next one.

• 1:23:51Speaker 04

  Once a year, we go on vacation, me, my brother.

• 1:23:53Caleb Hammer?

  Oh, good. Me. Good. Me. What the?

• 1:23:58Speaker 04

  There's a trip that you don't know about.

• 1:23:59Caleb Hammer?

  Where are you going this year?

• 1:24:01Speaker 04

  Austria.

• 1:24:01Caleb Hammer?

  Austria? You think you're going to Austria? You think there's even a chance for you to go to Austria? Fuck your Austrian Alps. You don't get Austrian Alps at all. Remember the strategy we just talked about that didn't pay for the vacation?

• 1:24:12Speaker 00

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