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Transcript 17,088 words · 4 speakers
Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.
0:00 Caleb Hammer? To watch episodes of Financial Audit a week earlier, check us out on YouTube.
0:03 Speaker 01 I do have a secret spreadsheet.
0:05 Caleb Hammer? Why do you hide things from him?
0:06 Speaker 01 I just don't want him to be disappointed.
0:07 Caleb Hammer? But this is worse. You're hiding.
0:09 Speaker 01 My husband told me if I pay everything off, I can get another.
0:12 Caleb Hammer? That's a good motivation, but guess what? We're going through $173,000 in debt, so good luck you.
0:17 Speaker 01 I didn't realize we were having a dick measuring contest.
0:19 Caleb Hammer? We are, and I'm slapping a massive one on the table.
0:24 Caleb Hammer? Download my new simpler budget app today and take control of your money once and for all.
0:30 Speaker 01 Hi, I'm Victoria. I'm 34 years old. I live in Houston, Texas, and this is Financial Audit.
0:37 Caleb Hammer? Thanks for coming over from Houston. What do you do there for a living?
0:41 Speaker 01 So I am a clinical supervisor for a behavioral health department.
0:47 Caleb Hammer? How much does that make?
0:48 Speaker 01 I am salaried at $51.5.
0:50 Caleb Hammer? Okay, I wouldn't have known. How's $51.5 stretching in Houston?
0:56 Speaker 01 Because I am a two-home household, it's fine. I would never be able to live here.
1:01 Caleb Hammer? It's a dual household income?
1:02 Speaker 01 Yeah, it's me and my husband.
1:04 Caleb Hammer? Where's the husband?
1:05 Speaker 01 Uh, working, making money.
1:07 Caleb Hammer? Why are we not looking at both y'alls finances?
1:10 Speaker 01 Um, because he has his life in order and I don't.
1:14 Caleb Hammer? Wait, are you guys not combined?
1:15 Speaker 01 We have a, um, we have one account that we share that's only for bills.
1:22 Caleb Hammer? And then the rest is all separate?
1:23 Speaker 01 And then we each have our own checking account.
1:25 Caleb Hammer? Okay, so it would be in it. Well, what about the debts? What about the debts that I have?
1:31 Speaker 01 So those are all mine.
1:32 Caleb Hammer? Okay, so this is like an individual audit. Why are you guys not like combining my debts, her debt, her debt, my debt?
1:38 Speaker 01 Because I spent it, so, because I, like, they're my credit cards.
1:43 Caleb Hammer? Okay, so that's why we're just talking to you, because you guys keep things kind of separate.
1:46 Speaker 01 Yeah.
1:47 Caleb Hammer? Uh, that's interesting. How long have you guys been married?
1:49 Speaker 01 It'll be two years.
1:51 Caleb Hammer? Why are, are we keeping everything separate? I guess you feel some ownership on this debt, which I get, but what's the conversation around this? What's his perspective? What's your perspective?
2:01 Speaker 01 Um.
2:04 Speaker 01 Well.
2:05 Caleb Hammer? Oh, interesting. Okay.
2:06 Speaker 01 I got the credit cards.
2:07 Caleb Hammer? Do you know his perspective?
2:08 Speaker 01 Oh, yeah.
2:09 Caleb Hammer? Articulate his perspective?
2:10 Speaker 01 So we used to actually sit down every Sunday and we would have like financial talks.
2:14 Caleb Hammer? It's a good habit.
2:15 Speaker 01 And I stayed on top of things, but then we stopped having those.
2:19 Caleb Hammer? Why?
2:20 Speaker 01 Because everything was good and we didn't need to have them anymore.
2:23 Caleb Hammer? If everything was good because of the action we were doing behind it, I don't think we stopped doing the action behind it that got us good and expect to stay good.
2:32 Speaker 01 Yeah.
2:32 Caleb Hammer? That doesn't make any sense. So literally everything was good and you just stopped. When did you guys stop?
2:38 Speaker 01 Uh.
2:38 Caleb Hammer? This debt is so beyond indebted. This can't possibly only be between then. Well, how long? How long has it been?
2:45 Speaker 01 Like all my debt?
2:46 Caleb Hammer? No, no, no, no, no. Since you stopped having the little conversation on Sunday, a little Sunday time conversation.
2:50 Speaker 01 Like a year, probably.
2:51 Caleb Hammer? This was a year.
2:52 Speaker 01 Mm hmm.
2:52 Caleb Hammer? This is calculated within a year. This is stacked in a year.
2:56 Speaker 01 Mm hmm.
2:56 Caleb Hammer? Was he following along? Did he know?
2:59 Speaker 01 I think he knows bits and pieces.
3:01 Caleb Hammer? He doesn't even know the full picture. Oh, okay. I get it. I understand why you're here.
3:06 Speaker 01 He is, his philosophy is always as long as the bills are paid, that's all he cares about. And I.
3:11 Caleb Hammer? Yeah, you're taking out earning.
3:12 Speaker 01 Yeah.
3:13 Caleb Hammer? So I don't think the bills are paid.
3:15 Speaker 01 Yeah.
3:15 Caleb Hammer? Sorry. I'm gonna need it quick. I don't think the bills are paid.
3:18 Speaker 01 Yeah.
3:20 Caleb Hammer? This is like in a confessional for you? Is this like you making a confession?
3:24 Speaker 01 So part of it is it's gonna be a little bit because I do have a secret spreadsheet.
3:30 Caleb Hammer? A secret spreadsheet?
3:31 Speaker 01 Yeah.
3:31 Caleb Hammer? What the fuck is a secret spreadsheet?
3:33 Speaker 01 My husband and I have a spreadsheet that we both like collaborate on. That's where we're like, oh, you put this much money in the bank account for this bill. Cause like we split things, right? Like insurance, stuff like that. But then I have a separate one that he doesn't see where it shows exactly how much I've like all my affirmed debts are on there. And all my credit card debts are on there. Things that he can't see on our.
3:57 Caleb Hammer? Why?
3:58 Speaker 01 Because I don't want him knowing how much.
4:00 Caleb Hammer? Why? Why? What would happen if he knew? Would he help? Would he get angry?
4:05 Speaker 01 So he's helped me before and I don't want.
4:09 Caleb Hammer? What happened?
4:10 Speaker 01 Um, so I'm in college. I'm a graduate student.
4:12 Caleb Hammer? Okay, for what?
4:14 Speaker 01 For counseling.
4:15 Caleb Hammer? Cool.
4:15 Speaker 01 Yeah.
4:16 Caleb Hammer? Makes sense. Lines up.
4:17 Speaker 01 Yeah. I dropped, I did drop out of a class. So my classes are like 10 weeks long. And I dropped out past the point where like I didn't have to pay. So I still ended up having to pay in the $4,000 for my semester, even though I didn't attend the classes. And I couldn't go to my next semester until that $4,000 was paid and he covered me. He was like, here you go. So.
4:40 Caleb Hammer? So what's the issue? So he did that. Okay. Because he's your husband.
4:45 Speaker 01 Yeah.
4:46 Caleb Hammer? Is that bailing or is it helping put in his wife through college? I'm a little confused.
4:49 Speaker 01 I mean, he.
4:50 Caleb Hammer? Like if my wife was going to college, I would probably pay for her college as the breadwinner. And I don't think that's me bailing her out.
4:56 Speaker 01 Right. I guess, I don't know. That's my perspective on it, but he like he'll say like.
5:01 Caleb Hammer? You guys aren't together. It's him, you.
5:02 Speaker 01 Yeah.
5:03 Caleb Hammer? Why is it him, you? It's not. It's you guys.
5:06 Speaker 01 I don't know. I'm still getting used to that, I guess.
5:09 Caleb Hammer? How? It's been two years.
5:10 Speaker 01 Of being married. Oh, yeah. I don't know.
5:12 Caleb Hammer? Well, how long have you guys been together before that?
5:14 Speaker 01 Four years. Oh, but before that, I'm sorry. We met in 20.
5:18 Caleb Hammer? You think he'll let us talk to him if we call him in the post show? We should do phone calls in the post show.
5:22 Speaker 01 Yeah.
5:23 Caleb Hammer? All right. So you'll admit this.
5:24 Speaker 01 I will.
5:24 Caleb Hammer? In the post show.
5:26 Speaker 01 He knows, he knows most of it. He doesn't know about the secret spreadsheet though.
5:31 Caleb Hammer? It's fucking crazy dude. Imagine having, imagine the financial infidelity being a secret spreadsheet.
5:39 Speaker 01 Well, and that's kind of where my budgeting, my budgeting gets messed up is because I budget all my major goals. But then I forget about my credit cards because they're not on the same sheet.
5:48 Caleb Hammer? Then no, you don't anymore. Before you leave here, you're downloading the simpler budget app. That's our budget app made specifically for people like you. You're going to download it. You get premium forever. They get a free trial, but you get premium forever. So take advantage of that. Sit down with the meet or hang out with the financial advisors in their, in their weekly sessions and take the classes. Connect your accounts. You'll never miss. That's crazy. Yeah. I mean, budgeting wouldn't work if it's not all in one place. If we have multiple different things for one budget, that doesn't make any sense. So what does he think is happening then? When you have all this extra money going to things that doesn't make sense? Like, how is that? So he has eyes on some of it, but it would have to be, there would have to be red flags, payments and whatnot, and just money disappearing.
6:34 Speaker 01 So he used to know about the earning app that I use.
6:37 Caleb Hammer? Used to?
6:38 Speaker 01 Used to, and then he made me delete it from my phone.
6:41 Caleb Hammer? Which is probably a good thing to do, but making you delete it isn't actually teaching you.
6:46 Speaker 01 No, because I re-downloaded it. Yeah. Yeah. So I don't think he knows that I'm still using that.
6:52 Caleb Hammer? Right. Of course not.
6:55 Speaker 01 Yeah.
6:56 Caleb Hammer? Okay.
6:59 Caleb Hammer? It's gonna be an interesting situation. That is beyond deaded. So we'll jump into it. I want to see self-assessed where you think you are, though. Where do you think you are zero to 10 in terms of financial scores, even in the worst 10 being the best? Where would you self-assess yourself?
7:15 Speaker 01 I would say like a one.
7:19 Caleb Hammer? Good. That's reasonable. If you want your Hammer Financial Score, link is in the description below. And if you want to come on here, Beyond Financial Audit, down here in Austin, Texas, I'll give you a good verbal
7:31 Caleb Hammer? and you'll hang out with all our producers and have a good time. Go to CalebHammer.com/apply. I am gonna ask about this, actually. So I've asked, I like to ask about this here and there because there's some confusion out there sometimes. You, you applied to come on the show, just like many of them are. Did you fully understand the process multiple times over?
7:50 Speaker 01 Oh, yeah.
7:51 Caleb Hammer? Were you fully aware of the thumbnail process?
7:55 Speaker 01 Yes.
7:55 Caleb Hammer? And that I'm gonna beat you up and we're gonna make jokes and stuff like that. You're fully aware of that?
8:01 Speaker 01 Fully aware, 100%.
8:02 Caleb Hammer? Um, cool. So let's jump into the day, yeah?
8:04 Speaker 01 Yeah.
8:05 Caleb Hammer? One out of 10?
8:06 Speaker 01 Yep. And I feel like that's being probably like graceful.
8:12 Caleb Hammer? So we have the Citi Advantage Platinum Card. What's going on with this card?
8:19 Speaker 01 So I got that card specifically because I travel a lot. And
8:24 Caleb Hammer? And what was the thought behind it?
8:27 Speaker 01 The free miles?
8:28 Caleb Hammer? Free miles?
8:29 Speaker 01 Yeah.
8:30 Caleb Hammer? If we
8:31 Speaker 01 If I, if I use it.
8:33 Caleb Hammer? Use it?
8:34 Speaker 01 Yeah.
8:34 Caleb Hammer? Well, use the card?
8:35 Speaker 01 Yeah.
8:36 Caleb Hammer? Okay, what about the interest that is occurring? You think that possibly
8:40 Speaker 01 Well,
8:40 Caleb Hammer? our balance is the miles?
8:42 Speaker 01 Maybe, probably not, but my thought was
8:46 Caleb Hammer? Yes, let's hear this.
8:47 Speaker 01 I, my goal was to make that kind of like my card, right? Like my
8:52 Caleb Hammer? Card, why do you need a card?
8:54 Speaker 01 To get the
8:54 Caleb Hammer? Credit card?
8:55 Speaker 01 To get the miles.
8:55 Caleb Hammer? Specifically for the miles.
8:56 Speaker 01 I would use it for like everyday spending and then just like pay it off as soon as like the purchase went through and then I wouldn't have interest because I'm paying it automatically, but I'm also earning the mileage to get free flights. Um, but that hasn't happened.
9:12 Caleb Hammer? You mean it hasn't happened?
9:13 Speaker 01 I mean, I've gotten miles and I've got, I think I've used one free flight.
9:16 Caleb Hammer? What's, what's like the cash value of the miles you're getting per dollar that you spend?
9:19 Speaker 01 I don't know.
9:20 Caleb Hammer? You don't know? You don't know what's happening on, what's the point of getting the card to be my special little card? If you don't even know what's happening on it?
9:26 Speaker 01 I don't know.
9:26 Caleb Hammer? You don't, okay. That's a lot of I don't knows so far.
9:29 Speaker 01 Yeah, I, I've never just looked, I guess, like I've never done the math for that, but I, that's important to me because I am from New York and I travel back there a lot.
9:42 Caleb Hammer? Houston now?
9:43 Speaker 01 I am in, yeah, no, I've been here about
9:44 Caleb Hammer? Travel back to New York, uh, for the fam?
9:47 Speaker 01 For, yep, family, my daughter's out there, so
9:49 Caleb Hammer? You have a daughter?
9:50 Speaker 01 I do.
9:51 Caleb Hammer? Not with this husband?
9:52 Speaker 01 No.
9:53 Caleb Hammer? Okay, how's your kid?
9:54 Speaker 01 Nine.
9:55 Caleb Hammer? Do we have any other kids?
9:56 Speaker 01 I have a stepdaughter, she's seventeen.
9:58 Caleb Hammer? Oh.
9:59 Speaker 01 Yeah.
9:59 Caleb Hammer? How's your, with the new husband? Did you have an ex-husband?
10:04 Speaker 01 Yes.
10:05 Caleb Hammer? When'd you guys get divorced?
10:06 Speaker 01 Um, so we separated in
10:09 Caleb Hammer? Separated and divorced?
10:11 Speaker 01 No, because I didn't want to go through all that, so
10:14 Caleb Hammer? Hold on, but you're married now?
10:15 Speaker 01 Right, so I got
10:16 Caleb Hammer? Did you get a divorce?
10:17 Speaker 01 Divorced after I got engaged, so I could
10:21 Caleb Hammer? Yeah, okay.
10:22 Speaker 01 Divorce is complicated and confusing.
10:24 Caleb Hammer? It's complicated and confusing, but you got engaged?
10:26 Speaker 01 Yeah.
10:27 Caleb Hammer? Just feels a bit wrong to me.
10:29 Speaker 01 Yeah, uh, we were separated for like six years, so like my ex-husband and I before, because
10:35 Caleb Hammer? How's your, how's your current husband?
10:37 Speaker 01 Thirty-five.
10:38 Caleb Hammer? Okay, okay, he just had a kid young.
10:40 Speaker 01 Yeah, he was eighteen.
10:41 Caleb Hammer? Yeah.
10:42 Speaker 01 Yeah.
10:42 Caleb Hammer? That makes sense.
10:43 Speaker 01 Yep.
10:43 Caleb Hammer? Geez, so, okay, nine-year-old and seven-year-old?
10:46 Speaker 01 Yeah, a little bit of a gap there.
10:48 Caleb Hammer? Oh, how often do you see this kid?
10:51 Speaker 01 Uh, at least three times a year.
10:53 Caleb Hammer? Okay.
10:55 Caleb Hammer? What is the custody situation around that then?
10:58 Speaker 01 Uh, he's got full because he lives in New York with her, but I visit. Like I visit on all the major things. So I visit on her birthday.
11:07 Caleb Hammer? Did you leave immediately to down to Houston? Like, why, why'd he get full?
11:11 Speaker 01 He's had it, um, because so after we separated, we still live together.
11:17 Caleb Hammer? Yeah.
11:18 Speaker 01 Because it was easier and he doesn't work.
11:20 Caleb Hammer? Well, I guess when you got the divorce, it was you were down here.
11:24 Speaker 01 Yes.
11:25 Caleb Hammer? Okay.
11:26 Speaker 01 Yeah, my life's messy.
11:29 Caleb Hammer? Yeah.
11:31 Speaker 01 So.
11:31 Caleb Hammer? You'd see your kid more if you weren't being stupid with that. Again, this car is at $1,881.77.
11:37 Speaker 01 My husband helps me with flights sometimes.
11:39 Caleb Hammer? Well, he better because you have no money, but you're getting this for the point.
11:42 Speaker 01 Right.
11:42 Caleb Hammer? You'd see her more.
11:43 Speaker 01 Right.
11:44 Caleb Hammer? Okay, but why does he have full custody?
11:46 Speaker 01 Because.
11:47 Caleb Hammer? Just because he's up there, you're down here. And when you filed for divorce, you were down here?
11:50 Speaker 01 Yes.
11:51 Caleb Hammer? Okay.
11:51 Speaker 01 Yeah.
11:53 Caleb Hammer? Why are you down here?
11:55 Speaker 01 Um, because I met my husband during COVID, my now husband.
11:59 Caleb Hammer? Yeah.
11:59 Speaker 01 I met during COVID when I was still living in New York.
12:03 Speaker 01 We met playing video games and I actually had no interest on like meeting anyone. And, but I was really lonely and I wanted attention. So I was like extra flirty with him just to like make him fall for me. But then he did, and I trapped myself and we actually like got feelings and I hate New York, so I wanted to get out of there anyways.
12:25 Caleb Hammer? Your kid is in New York?
12:26 Speaker 01 She is, yeah, but.
12:27 Caleb Hammer? Okay.
12:28 Speaker 01 Yeah. New York, there's no, I came from a very small city.
12:31 Caleb Hammer? That has been very hard to leave.
12:33 Speaker 01 Very hard. Um.
12:35 Caleb Hammer? Why'd you end up making that choice though overall?
12:37 Speaker 01 I compared like the pros and cons. Um, the Houston area definitely had a lot more opportunities than what was available.
12:44 Caleb Hammer? Yeah, but now you're only seeing her three times a year. That's a huge con.
12:47 Speaker 01 Yeah. She will, we're gonna get her, um, starting this year. She's gonna fly down for the summer. So.
12:53 Caleb Hammer? The whole summer? That's nice.
12:55 Speaker 01 Yes.
12:55 Caleb Hammer? And he's cool with that?
12:56 Speaker 01 Yes. Yep.
12:58 Caleb Hammer? Okay, so on here.
13:02 Caleb Hammer? How many points have you accumulated? Like, what and what are they worth then?
13:05 Speaker 01 I think the most points I even got was just for opening the card. Um, cause I got like the bonus, but.
13:13 Caleb Hammer? Accumulated this period. What's the period considered? Just this? Like, what's the total amount? Is it the 1300 that I'm seeing on here? And I want to do some demonstration here.
13:23 Speaker 01 Yeah, that probably sounds about right. 1300 is the balance on it?
13:27 Caleb Hammer? No, no, I'm talking about the, the, the.
13:29 Speaker 01 All the points.
13:30 Caleb Hammer? Rewards. I'm trying to figure out how many miles you got.
13:33 Speaker 01 I don't know.
13:33 Caleb Hammer? You don't know how many miles you have?
13:35 Speaker 01 I could probably pull.
13:36 Caleb Hammer? You have all the, yeah, pull it up. Cause your whole reason for this was getting miles. I want to make a, a point.
13:42 Speaker 01 I think I did just buy a flight with my miles too, which is probably why there's not that many.
13:50 Caleb Hammer? Am I being too mean?
13:51 Speaker 01 No.
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15:16 Caleb Hammer? lower interest rates and better loan options and more, all without the risk of overspending or falling into more debt. Head to getkikoff.com/caleb and start your first month for as little as $1. That's get K I K O F F dot com slash Caleb. Don't let bad credit be a problem that's holding you back and check out kickoff today. Okay, you're literally, you're getting $2.20 in fees. What is this? What is, what is this? Purchases, uh, $512 there and then $169 there and then interest 3783 with a minimum monthly payment of $88.05. I need to know these points.
15:55 Speaker 01 I'm looking. I don't, I've never, hmm.
15:59 Caleb Hammer? What is the point of this? How long have you had this card?
16:02 Speaker 01 Uh,
16:04 Speaker 01 maybe only like a year. I don't know. I only look at the miles.
16:08 Caleb Hammer? This was supposed to be a my card. Can I have that moment repeated, Mika?
16:13 Speaker 01 My goal was to make that kind of like my card.
16:16 Caleb Hammer? Yeah.
16:18 Speaker 01 I only know, I only know how to check the, the points when I'm booking a flight, so I don't know how to look them up.
16:23 Caleb Hammer? Okay, accumulated points during this time, 1,313, I think.
16:28 Speaker 01 Oh, look, earn miles. I can earn miles.
16:31 Caleb Hammer? Get through purchasing, right?
16:32 Speaker 01 Mm hmm.
16:33 Caleb Hammer? On the city advantage platinum select card, how many dollars does 1,313 A A D vantage miles equal?
16:47 Speaker 01 Like equal? I don't even know.
16:49 Caleb Hammer? Well, I'm asking our good friend.
16:50 Speaker 01 I don't know. I can maybe get wifi with that.
16:54 Caleb Hammer? That's worth $21.
16:55 Speaker 01 $21 from what? For fees?
16:59 Caleb Hammer? That amount of miles right there is worth $21. You are literally losing $37 in interest.
17:06 Speaker 01 But, but if I get to the point where I am using that as my daily card, then I wouldn't have.
17:13 Caleb Hammer? You're using a fucking daily now. You're purchasing on it. You're being stupid with it. You're being a dumb. This is already your daily card. It's this daily dumb story. It's this daily fucking up your entire life. It's daily. You got $21 a mile. Congratulations, but thirty seven dollars was accumulated in interest in two thousand and twenty cents of fees. So what world does this make it sense? This is supposed to be your special little swipey card, especially special little swipey card. Okay, you did it. You swiped. Now there's interest. Now there's bull. And what are we even purchasing?
17:44 Speaker 01 But there won't be.
17:45 Caleb Hammer? Target. Target. You went and got some bull probably because it's cheap. What are we getting from there? Probably Walmart. That's probably getting into bull. PetSmart is a hundred and sixty nine dollars. Well, how many pets do you have? What is this IS mash?
17:58 Speaker 01 Oh, so that's a rage room. I took my daughter to a rage room.
18:02 Caleb Hammer? Well, I can need that. This entire, this entire.
18:04 Speaker 01 Definitely recommend it.
18:05 Caleb Hammer? Is my rage room.
18:07 Speaker 01 PetSmart is a whole different.
18:11 Speaker 01 I have lots of critters, so I've got lots of, I've got lots of little friends that I need to feed and keep happy.
18:16 Caleb Hammer? What? What, what do we have? What is like a zoo? Are these?
18:20 Speaker 01 Yeah.
18:20 Caleb Hammer? Your new kids? Like, I don't, are these the third children? What is, what is even happening?
18:27 Speaker 01 Do you want, do you, do you want a road trip down my mini zoo?
18:31 Caleb Hammer? A road trip?
18:32 Speaker 01 Like a visual spiritual journey through my mini zoo.
18:36 Caleb Hammer? I guess, like, because it's like you've taken them on. They are now your responsibility. It is very important to me. I have fish. Most people wouldn't give a fuck about fish, but I took on the fish. So it's my responsibility to take care of my fish.
18:50 Caleb Hammer? Same with my dogs, obviously. I mean, that's on a completely different level, but yeah, sure.
18:55 Speaker 01 Yeah. So I have sixteen tarantulas.
18:58 Caleb Hammer? The fuck are you on?
19:00 Speaker 01 Yeah.
19:01 Caleb Hammer? What are you doing with sixteen tarantulas?
19:03 Speaker 01 Um, well, here.
19:10 Caleb Hammer? You. What is this? How did I not see this?
19:16 Speaker 01 So this is, this is Scarlet.
19:17 Caleb Hammer? I'm actually quite interested.
19:18 Speaker 01 Yeah, yeah. Right? See?
19:19 Caleb Hammer? Hold on.
19:20 Speaker 01 And they're addicting.
19:21 Caleb Hammer? Well, I think it's cool as long as you can afford them. I don't know about that. I don't have sixteen.
19:25 Speaker 01 Because if you can feed one, you can feed sixteen.
19:27 Caleb Hammer? Oh, there it is.
19:28 Speaker 01 Yeah.
19:29 Caleb Hammer? Oh, so curious.
19:31 Speaker 01 Yeah. And I just watch them.
19:33 Caleb Hammer? What are we on? Animal Planet right now? If we transition from financial audit?
19:37 Speaker 01 I told, I told them I want to make you feed her.
19:39 Caleb Hammer? Listeners. Feed her. What am I feeding her? Okay, maybe we'll do that in the post show then.
19:43 Speaker 01 Yeah.
19:43 Caleb Hammer? I want to stick to your finances in the main show.
19:46 Speaker 01 So I have 16 of these little guys.
19:48 Caleb Hammer? Okay.
19:49 Speaker 01 Yeah. But you just watch them. Um, I don't know. They're kind of like, if you're having a bad day, you just go look at them and they make you happy.
19:58 Caleb Hammer? Okay, I don't want mom. I'm scared. She's in the web, so she's not just gonna fly out of the web, right? It's right here. You see this guy on, on that camera shot?
20:07 Caleb Hammer? No one told me there was a damn tarantula in this office. Why do you have 16? So you have 16 of these individual things?
20:13 Speaker 01 Yeah, story time.
20:14 Caleb Hammer? This is a way too expensive hobby for you because you also have to take care of them. They are not cheap to maintain.
20:18 Speaker 01 No, so she-
20:18 Caleb Hammer? All the pets combined. She, we know she's a chick.
20:21 Speaker 01 Yeah, that's why she was more because I had her sex.
20:23 Caleb Hammer? Shoes. Oh, she was more? Because, okay, how, how much, how much is this piece of hair?
20:29 Speaker 01 $250.
20:30 Caleb Hammer? You can't even come close to affording that.
20:33 Speaker 01 I've had her for a while. When did I, I got her, look at, almost a year. I've had her almost a year.
20:37 Caleb Hammer? You're at the credit limit here and you're taking cash advances.
20:40 Speaker 01 Yeah.
20:42 Caleb Hammer? You can't afford it.
20:44 Speaker 01 But look at her.
20:45 Caleb Hammer? I've looked. It's cool. Honestly, all my interest for it has already been achieved because I saw it and now it's not doing anything. So it's like, okay, it's achieved.
20:55 Speaker 01 When you see him walk and like-
20:56 Caleb Hammer? You didn't bring any more, did you?
20:58 Speaker 01 No, my husband won't let me. I was gonna, I was gonna bring five.
21:01 Caleb Hammer? Think, because I don't trust it happening in here.
21:04 Speaker 01 I just brought one.
21:05 Caleb Hammer? Good. You were gonna bring-
21:07 Speaker 01 I was gonna bring five. Um, yeah.
21:10 Caleb Hammer? We'll put it here for the camera shot. So people can just stare at a tarantula that won't do anything for-
21:15 Speaker 01 She might, she might, maybe she's-
21:17 Caleb Hammer? What is she gonna do?
21:17 Speaker 01 She's camera shy.
21:18 Caleb Hammer? Do. She's shy. If you want to bird a dog, most people bring dogs.
21:22 Speaker 01 I don't like dogs.
21:22 Caleb Hammer? So how much do you spend on all this monthly basis?
21:26 Speaker 01 I haven't bought one in a while.
21:27 Caleb Hammer? No, on a monthly basis, there was like a thousand charges in here. You said the target was that. You said the target was that. You said the Walmart was that. Then we have the PetSmart and then we have Rage Room. Okay, cool. But how much are we spending on all this animal stuff on a monthly basis? Because all of a sudden this becomes a budgeting item because you are not gonna let animals die that you have taken on.
21:42 Speaker 01 Right. So, I don't know, between all my animals, it's probably, and I have four cats, so they're expensive.
21:50 Caleb Hammer? This house must smell of, no offense.
21:52 Speaker 01 It doesn't because I'm really good about, I'm super self-conscious. No, no, because my mother-in-law, she'll tell us if it stinks. So, she's very blunt about it, but they don't stink, like.
22:09 Speaker 01 They don't stink.
22:09 Caleb Hammer? What does that, you just pointed to it? What am I doing with that? I don't, I don't know.
22:12 Speaker 01 Their poop doesn't stink.
22:13 Caleb Hammer? No, I don't smell trashless. How much? Again, it's a hundred sixty dollars.
22:18 Speaker 01 Yeah.
22:18 Caleb Hammer? A fucking Pessmart, a hundred sixty-nine.
22:20 Speaker 01 So like.
22:20 Caleb Hammer? So how much on a monthly basis for all these animals? Do you have pet insurance for the cats? Okay, so what would you do if a surgery pops up ten thousand hours to save their life? You, the person who has adopted them and has essentially signed the social contract to taking care of them? How would you be able to take care of them? You wouldn't. Cause you can't afford that. Cause you can't afford them. How much does this cost on a monthly basis? All of them, no pet insurance?
22:43 Speaker 01 Well, all we pay for is food, so it's like sixty bucks a month. Food, cat litter, all that. It's not.
22:48 Caleb Hammer? It can, for all your pets? All your pets?
22:50 Speaker 01 My bearded.
22:51 Caleb Hammer? That has to be a lie, cause why do I, you said the targets were pets related?
22:55 Speaker 01 No.
22:55 Caleb Hammer? That equals thirty-five.
22:56 Speaker 01 The targets are wicked merch.
22:57 Caleb Hammer? Huh? Huh?
22:58 Speaker 01 Wicked.
22:59 Caleb Hammer? The fucking movie?
23:00 Speaker 01 Yes.
23:00 Caleb Hammer? This was like a year ago. No, but this was a while ago. Now?
23:04 Speaker 01 Oh.
23:05 Caleb Hammer? Wicked, what are the, what are you doing? What are you getting like just green paint?
23:09 Speaker 01 They dropped so much like wicked, limited edition stuff that I had to get.
23:13 Caleb Hammer? Like what? You're not even wearing any of it. It's already done. You don't give a.
23:16 Speaker 01 I do. I listened to the whole soundtrack on the way here.
23:18 Caleb Hammer? We all do. We all do. This is what everyone does.
23:23 Caleb Hammer? What did you get?
23:24 Speaker 01 I don't know. I got like.
23:25 Caleb Hammer? She doesn't know. She goes and she doesn't. No, are you kidding me?
23:28 Speaker 01 I get a lot of books. I got like.
23:30 Caleb Hammer? Books?
23:30 Speaker 01 Yeah.
23:30 Caleb Hammer? Yeah, that's wicked merch is books?
23:32 Speaker 01 Sometimes. Um.
23:33 Caleb Hammer? No.
23:34 Speaker 01 No, I did. I got the.
23:35 Caleb Hammer? The wicked book?
23:36 Speaker 01 I got the.
23:36 Caleb Hammer? They're not even similar.
23:38 Speaker 01 No, they're not. That's why I wanted to read it because I heard about it and it's more fucked up than the movie. So I had to, I had to absorb all of it.
23:45 Caleb Hammer? Okay, and then the fucking, okay, you say you spent sixty dollars. That's a bullshit though. If you spent a hundred sixty-nine dollars at Pessmart.
23:51 Speaker 01 That was probably.
23:51 Caleb Hammer? In one trip. And we have a lot of statements to go.
23:54 Speaker 01 Probably a new cage for someone.
23:56 Caleb Hammer? Why? Why didn't you need a new little cage?
23:59 Speaker 01 Cause they grow.
24:00 Caleb Hammer? See, there you go. So it is not just sixty dollars a month. This is ongoing main. Okay, what else do you have?
24:05 Speaker 01 I have a bearded dragon.
24:06 Caleb Hammer? Course?
24:06 Speaker 01 Yep. I have a crested gecko. I have.
24:12 Caleb Hammer? Why do you want a crusty gecko?
24:14 Speaker 01 Cause they're cute.
24:15 Caleb Hammer? Okay, next.
24:16 Speaker 01 I don't, I went to an expo and it was there, so I just got it. My husband told me before I went to the expo.
24:21 Caleb Hammer? Is it just like dried come? Like what?
24:23 Speaker 01 Maybe, no. Um, he's crested, not crusted, like a crest.
24:29 Caleb Hammer? What else?
24:30 Speaker 01 I have. Three hermit crabs, but my husband only knows of two of them.
24:34 Caleb Hammer? You have a secret hermit crab. So not only financial infidelity, but hermit crab infidelity.
24:39 Speaker 01 Yeah.
24:40 Caleb Hammer? It's a new one. Why would he not know of the third one?
24:44 Speaker 01 Because it hides. It hides. So he only ever sees.
24:47 Caleb Hammer? You told him.
24:48 Speaker 01 Um, because I don't know, my story, when I told him that I got him, I told him I only had two.
24:53 Caleb Hammer? Does he like all these?
24:54 Speaker 01 No.
24:55 Caleb Hammer? No.
24:56 Speaker 01 No.
24:56 Caleb Hammer? What? No offense.
24:57 Speaker 01 I do.
24:58 Caleb Hammer? It's cool, but it's, it's, it's like stink. It's space. It's.
25:01 Speaker 01 They're all in my office.
25:04 Caleb Hammer? So this is all in your office. Can you send us a video of you doing like a thing?
25:08 Speaker 01 I'll do a little.
25:08 Caleb Hammer? Put it in the video. We'll put it in the video because I'm, I'm curious.
25:11 Speaker 01 Yeah. Oh, and then I, um, so my husband went on a work trip. And this is where I get a lot of my animals because when he leaves, he can't tell me no.
25:23 Caleb Hammer? He, well, he can, but you guys have a conversation before. Why are you guys agreeing throughout your existence that, okay, maybe we have enough? I think that's him.
25:33 Speaker 01 He tells me that, but then I ask for more and eventually he caves in.
25:36 Caleb Hammer? Oh, my gosh. Okay. Well, it shouldn't be, you should be able, you should be able to respect his desire. Not, I tell you no because I'm your daddy. Not like that, but respect each other's desire and respect each other's existence. Like, right? Why don't you respect that?
25:52 Speaker 01 Yes. Um.
25:53 Caleb Hammer? Well, he doesn't even know about secret debt. So.
25:56 Speaker 01 He doesn't, but he.
25:58 Caleb Hammer? There's a lot of respect going on.
25:59 Speaker 01 There, we got into a little disagreement when I first moved here because I really wanted a ball python. But he doesn't like the little holes.
26:06 Caleb Hammer? We just had a little bi ball python freak on the show.
26:10 Speaker 01 They're the best. I would never spend that. But anyhow, um, so he wouldn't let me get one.
26:16 Caleb Hammer? You might be his only exit strategy.
26:18 Speaker 01 I don't have that kind of money.
26:20 Caleb Hammer? Insert clip from that episode too. Sorry, I'm making you work, Mika.
26:23 Speaker 02 I. Purchased ball pythons in the in the intention of breeding and selling.
26:29 Caleb Hammer? The fuck are you even on?
26:31 Speaker 01 So when I first moved here, I really wanted a ball python. He wouldn't let me get one. So fast forward, it's been what? Three years since I've asked. I've been on his case about it because I really want one. And he begrudgingly told me that because my friend was selling his, he has a whole bunch of animals and he was trying to get rid of some. My py- my python.
26:51 Caleb Hammer? Okay.
26:52 Speaker 01 So I was like, it is eighty dollars for the whole thing. Like you can't pass that up.
26:56 Caleb Hammer? Money you didn't have because you have a max out credit card. Only one of a thousand we're going to talk about and we're thirty minutes in talking about ball pythons. Great.
27:02 Speaker 01 He's great.
27:04 Caleb Hammer? Alright guys, this is super exciting for this financial audit channel. I got big news for you today. For the rest of this month, if you join our YouTube membership at the elite level or upgrade from pro to elite, I'm going to pay for it. I am going to directly reimburse you for the five dollars for upgrading or ten dollars if you join now. It's essentially like a free trial, except since it doesn't offer it, I'm gonna pay for it for you. All you have to do is follow the instructions that I'm gonna post in the membership area, send us that proof and I'm gonna send you the money and boom. You joined hammer elite for free. Yes. Seriously, guys, there's thousands of hours of extra content there. You got two exclusive member audits a month.
27:47 Caleb Hammer? The ability to call into our new live show, which is also two a month. You just broke Lindsay's heart.
27:52 Speaker 01 No, that's not true. Honestly, Ashley.
27:54 Caleb Hammer? That's Lindsay for you. Weekly live streams. So Caleb, what's your social security number?
28:00 Speaker 03 I'm doing it.
28:01 Caleb Hammer? Three, eight.
28:02 Speaker 03 That is definitely gonna get on your shirt.
28:06 Speaker 03 Three, two.
28:10 Caleb Hammer? And every single financial audit post show plus member weekly videos. It's crazy how much we have going on. Well, I got so drunk, I kissed a grandma in Spain with that with only partial consent and then I ran off. Stop. Plus it really helps support this channel. So let me pay for it for a month. So you have the opportunity to check it out. Make sure you click the link in the description below or the pinned comment below and I'll see you guys there. And again, make sure it's the middle tier hammer elite so that I pay for it. This offer expires at the end of the month.
28:40 Speaker 01 But.
28:40 Caleb Hammer? I would rather you do you have, what's your, what's your, what's your emergency fund like?
28:48 Speaker 01 Uh, nothing.
28:50 Caleb Hammer? Then legitimately, you.
28:53 Speaker 01 I had $400 and then I.
28:55 Caleb Hammer? Not an emergency fund that is a fourth of a way to 10%.
28:59 Speaker 01 But then I told you.
29:00 Caleb Hammer? Of a starter.
29:00 Speaker 01 Yeah, yeah.
29:02 Caleb Hammer? So fourth of a way to the literally the basic. Okay.
29:05 Speaker 01 Mm hmm.
29:06 Caleb Hammer? Of 40%.
29:08 Speaker 01 Yeah.
29:09 Caleb Hammer? But even still.
29:09 Speaker 01 Mm hmm.
29:11 Caleb Hammer? Okay.
29:12 Speaker 01 But anyhow.
29:13 Caleb Hammer? For some fact stuff.
29:13 Speaker 01 So when he was gone.
29:15 Caleb Hammer? Yeah.
29:15 Speaker 01 On his trip.
29:16 Caleb Hammer? Uh huh.
29:17 Speaker 01 I got the snake and we, he got really upset with me and.
29:20 Caleb Hammer? Yeah, no shit. I would too. Come on dude, you've had $331. The interest accruing, I mean, this is what a disaster. How long does this take to pay off? How long does this take to pay off if you just do your minimum to payment without doing purchases, which is you're incapable of. How long does it take to pay off?
29:38 Speaker 01 I don't know. Year and a half, two years.
29:39 Caleb Hammer? Three years.
29:40 Speaker 01 Three years. Yeah, close.
29:42 Caleb Hammer? Not really. Uh, payroll hits your account on a monthly basis. I saw 2077.
29:47 Speaker 01 That sounds about right.
29:48 Caleb Hammer? Okay, 2077. How much did you spend in this last month?
29:52 Speaker 01 This last month?
29:53 Caleb Hammer? Yeah, in the month that we're looking at, the most recent month of statements. What did you spend? What should you have a little spend? What'd you do?
30:01 Speaker 01 I don't know.
30:02 Caleb Hammer? Yeah, let's, let's, let's try to do a number.
30:05 Speaker 01 I would say.
30:06 Caleb Hammer? Everyone seems to struggle with this, even though.
30:06 Speaker 01 Let's see, I bring, I bring 27 home.
30:08 Caleb Hammer? Oh, yeah. No, nope, nope, nope.
30:10 Speaker 01 I would say, I would say.
30:11 Caleb Hammer? No, no, no, no, 2077.
30:13 Speaker 01 27.
30:13 Caleb Hammer? 2077.
30:15 Speaker 01 Okay.
30:15 Caleb Hammer? How much did you spend?
30:16 Speaker 01 Maybe 3,000.
30:17 Caleb Hammer? Okay, that's curious. 4,254. What the are you talking about? No wonder you're doing little micro payday loans. No wonder this card is maxed out. No wonder this debt is horrendous. No wonder you're not able to travel up to New York as much as you'd probably want to. No wonder you have $0 in savings and it's gone down from 400. So are we getting ball pythons? Are we getting an extra pet that is going to cost an extra expense on a monthly basis? No, that is what an immature child does. You are thirty four. Stop being a child.
30:49 Speaker 01 My husband told me if I pay everything off, I can get another snake. So that is my motivation.
30:54 Caleb Hammer? Good motivation, but guess what? We're going through a hundred seventy three thousand dollars to debt. So good luck you. Here's the only snake you're getting.
31:01 Speaker 01 But I have school refunds coming. I have taxes coming.
31:04 Caleb Hammer? Let's see.
31:05 Speaker 01 Yeah.
31:05 Caleb Hammer? Well, you don't get the full child tax credit, do you? Because they're not even a dependent.
31:10 Speaker 01 No.
31:10 Caleb Hammer? Do you pay any kind of support?
31:12 Speaker 01 Oh, yeah. Yeah, I pay three ten a month and then.
31:14 Caleb Hammer? Does that come out before you pay us it?
31:16 Speaker 01 Yes.
31:17 Caleb Hammer? Good.
31:17 Speaker 01 Yeah.
31:17 Caleb Hammer? Thank goodness.
31:18 Speaker 01 And then I pay for.
31:19 Caleb Hammer? Lower than that.
31:20 Speaker 01 I pay for their internet.
31:21 Caleb Hammer? Up north?
31:22 Speaker 01 Yep.
31:22 Caleb Hammer? Their internet. It's a random expense. Okay.
31:25 Speaker 01 It's the only way I can like keep in touch with her. So I make sure that she at least has internet.
31:28 Caleb Hammer? He wouldn't let her have internet?
31:30 Speaker 01 He doesn't work.
31:33 Caleb Hammer? He doesn't work and he has full custody?
31:36 Speaker 01 Yeah.
31:36 Caleb Hammer? How do they afford bills?
31:38 Speaker 01 Uh, public assistance.
31:41 Caleb Hammer? Why does he not work? Let's do that. Let me see if it's valid.
31:44 Speaker 01 He's got some medical stuff that he.
31:46 Caleb Hammer? Is it valid that he doesn't work then? Okay.
31:48 Speaker 01 Yeah.
31:49 Caleb Hammer? That's different.
31:50 Speaker 01 Yeah, he's going through like disability. So once his disability stuff goes through, like.
31:54 Caleb Hammer? Is he making enough though? And plus your limited support to give her truly the day to day life that she deserves?
32:01 Speaker 01 We.
32:02 Caleb Hammer? Let alone need.
32:03 Speaker 01 We make sure that she's she's good. Me and my mom. So.
32:06 Caleb Hammer? Is your mom up there?
32:07 Speaker 01 Yes.
32:08 Caleb Hammer? Okay, so she helps?
32:09 Speaker 01 Yes.
32:10 Caleb Hammer? Okay, Amazon card. What's going on?
32:13 Speaker 01 Oh, Amazon. I use a, uh, you know.
32:16 Caleb Hammer? For Amazon?
32:17 Speaker 01 For Amazon.
32:18 Caleb Hammer? Oh.
32:18 Speaker 01 Um. I get stuff for my animals, like my snake has mites right now, so he needed to be treated.
32:26 Caleb Hammer? See, this is an added expense. You say the sixty dollars a month. No, it's not. They grow too big. They need insurance. They need food. They get mites.
32:32 Speaker 01 A lot of that's also for Christmas. I put.
32:35 Caleb Hammer? Christmas. You have no money. You have zero dozen savings. You've gotten divorced. Sounds like he's gotten divorced as well. Sounds like, you know, well, statistical likelihood of you guys staying together. I hope you guys do, but maybe you prepare for a situation where you don't.
32:47 Speaker 01 Right. Well, I had to make sure my daughter had a Christmas, so.
32:52 Caleb Hammer? She doesn't get a Christmas without you?
32:54 Speaker 01 Um, not as good of one, so.
32:57 Caleb Hammer? I get it. I get the vibe. I appreciate the heart of it.
32:59 Speaker 01 Yeah, she's getting older, so everything she wants is more expensive, so. Although this year compared to last year is a lot better because I got her VR headset last year. And I'm still paying on that.
33:11 Caleb Hammer? You're still paying on last year's Christmas and yet you're buying new Christmas. What the did you buy this year? What the possibly did you buy this year if you're still paying off last year's? You're paying off 2023's Christmas, yet you went into debt for 2024.
33:24 Caleb Hammer? Okay, great. I would rather her get a college fund, but sure, go ahead. What? What did you get this year?
33:29 Speaker 01 This year she got some bath bombs. She got.
33:32 Caleb Hammer? So that expensive.
33:33 Speaker 01 No, it's it was just a bunch of little stuff that added up.
33:37 Caleb Hammer? Then maybe we're not doing a bunch. Hundred thirty seven dollars of purchases on here. It was paid off. Then you took it to one hundred sixty nine, which is totally fine for the credit limit of a thousand five hundred. It I would say it looks like you pay it off, but there's a fee here. Twenty seven dollars. What?
33:55 Speaker 01 Oh, no, I'm I'm still.
33:56 Caleb Hammer? It's a fucking late fee. How do we have a late fee on a card that had twenty seven dollars and you put twenty seven dollars to it? Then you purchase a hundred and sixteen foot of a fucking dollars. Why is there a late fee? Why would you possibly have a fucking late fee? Why are we late feeing? The Christmas, if you're still paying on last year's Christmas from the Christmas before. Especially if you're paying a late fee. Now you're paying for double Christmas. You're double paying for Christmas, two Christmases. So it'll be twenty twenty five Christmas and you're paying for three and four.
34:22 Speaker 01 Probably because it's on my secret spreadsheet and I kind of forget about it.
34:26 Caleb Hammer? Simpler budget app, simpler budget app. I know this works with Plaid. It's the system that every budgeting app uses. So get that automatic connection. Late fucking fee wasn't on auto pay. Oh, let me guess, because there's like five dollars in your checking account.
34:41 Speaker 01 Uh, there's like at least fifty right now.
34:43 Caleb Hammer? Yeah, not what I saw. Amazon, Amazon, Amazon Prime.
34:49 Caleb Hammer? Let me see your Amazon. Start a screen recording. Will blackout personal information?
34:55 Caleb Hammer? For fuck's sake, my dude.
34:57 Speaker 01 I gotta.
34:57 Caleb Hammer? You are not a credit card person, just like the guests on the show. Use the Fizz card.
35:05 Speaker 01 I got denied for it.
35:07 Caleb Hammer? Got denied? Yeah, cuz you're probably fucking crazy.
35:09 Speaker 01 It yelled at me cuz I have the earn and app. How do I do it?
35:11 Caleb Hammer? Yeah, most people probably, no, no one gets denied because this is like, it's valid off of what's in your checking account when you spend money. You have to be in the worst of the worst of the worst to get denied. That's that and alone. Maybe we should have everyone apply before they come on cuz that tells us how they are.
35:27 Speaker 01 Uh, yeah, that really put some perspective on how my situation is where I couldn't even get that card.
35:32 Caleb Hammer? Then what have you done to fix it? Cuz all I see is going up to the credit limit in a late fee so far. We saw two things up to the credit limit, late fee paying for 2023 Christmas.
35:41 Speaker 01 I can't.
35:41 Caleb Hammer? What are you doing? Yo, you realize, you realize it's bad. So what have you done? What are the actions that have been done? Well, it's being done.
35:49 Speaker 01 I can't screen record my Amazon. Do you still wanna?
35:52 Caleb Hammer? What are you doing?
35:53 Speaker 01 Um, so I have plans when I get like school refund checks to pay off all the debt. Um, so that's where I kinda get into loops because I know I have money coming. So I pre-spend it.
36:08 Caleb Hammer? Pre-spend?
36:09 Speaker 01 Yeah.
36:10 Caleb Hammer? For fuck's sake, pre-spend, fuck your pre-spend.
36:16 Caleb Hammer? I see you already downloaded the simpler budget app. Good. That's a start.
36:19 Speaker 01 I did.
36:19 Caleb Hammer? You did that headed into here.
36:21 Speaker 01 That's a step towards.
36:23 Caleb Hammer? It's a step, but unless you're being actionable, that's all that fucking matters. Got a shirt, but you, yeah, great. Oh, what is this? Fake snakes? Why are you getting fake snakes? You have real snakes. Why are you getting fake snakes? Fuck your fake snakes. You have real snakes.
36:34 Speaker 01 For the show, I had to have something fun for my earrings.
36:39 Caleb Hammer? That was that?
36:40 Speaker 01 Yeah.
36:41 Caleb Hammer? You don't spend to come on the.
36:44 Speaker 01 I have no clothes and.
36:46 Caleb Hammer? Well, the reimbursement obviously covers that, but it's trying to cover gas and your time.
36:49 Speaker 01 Yeah.
36:51 Caleb Hammer? Neatos and stuff like that.
36:53 Speaker 01 Yeah, so that was all my.
36:55 Caleb Hammer? Dude, this is all fucking bullshit. Hermit crab shells? Come the fuck on.
36:58 Speaker 01 They need shells.
37:00 Caleb Hammer? Your hermit crabs. You shouldn't have them. You can't afford anything. You're getting late fees in a max out credit card. That's what we've looked at so far. I'm stressed and it's the middle of winter. I'm turning on the damn AC thinking about all your tarantulas over there eyeing me down.
37:15 Speaker 01 She's making sure you're not too mean to me. We're all sticker on you.
37:21 Caleb Hammer? Capital and Venture.
37:22 Speaker 01 Mm hmm.
37:23 Caleb Hammer? What's going on here?
37:24 Speaker 01 Um, so that's my Walmart. Okay, so.
37:28 Caleb Hammer? Your what?
37:29 Speaker 01 My Walmart card. It's, it's like, when I got it, it was the Walmart credit card, so it.
37:33 Caleb Hammer? Okay.
37:34 Speaker 01 I got, you know, the bullshit rewards for purchasing at Walmart. Um, so I use that card a lot for travel when I headed.
37:42 Caleb Hammer? No, you had the travel card.
37:45 Speaker 01 For, I don't, I don't know. One of them is high because of travel. One of them is not. But I had to do, I had to go to Greensboro, North Carolina for school, so I needed a hotel.
37:57 Caleb Hammer? Why'd you have to go to there to school?
37:59 Speaker 01 So my program, you have to go, uh, two weeks out of the whole program. You have to go in person because normally all my classes are online, but you have to go in person two different times. Um, and they, like, it's on a schedule. So my semester, it just ended up, it was in Greensboro that semester. So I had to get a flight.
38:19 Caleb Hammer? Survive.
38:20 Speaker 01 Um, DoorDash. So a lot of.
38:23 Caleb Hammer? So fuck, because you had to go to a different place, all of a sudden we're surviving for DoorDash for, for, on a credit card? If you're starting or already investing, here's a rookie mistake. Trying to time the market. You've heard stocks are way too high right now, or maybe I'll just wait for a dip. So that sounds familiar because spoiler, timing the market is a losing game. Instead, let me introduce you to dollar cost averaging. Dollar cost averaging is when you invest a set amount of money at regular intervals, no matter what the market is doing. In this way, you're not sweating about buying at the perfect price. You just keep investing and let the market's long-term trends do its thing over
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40:49 Caleb Hammer? Let's see, it's close to being maxed out as well. Who would have thought $2,164.72? No purchases, thank you. Basically the minimum made for the payment. How long do you think this takes to pay off minimum payments? No purchases, $58.46.
41:04 Speaker 01 If it's higher than the other one.
41:05 Caleb Hammer? Okay, yeah, 13 years.
41:07 Speaker 01 13 years?
41:08 Caleb Hammer? You'll be in your 40s, mid 40s, 45. Good job.
41:11 Speaker 01 On minimum payments?
41:12 Caleb Hammer? Yep.
41:14 Caleb Hammer? Because you have $58.46 of interest accruing. It's a 31.24% interest. I don't know what the fuck you'd think would happen.
41:27 Speaker 01 But the other one was only three years. So how's that one so much higher?
41:30 Caleb Hammer? Smaller balance, uh, higher interest?
41:33 Speaker 01 Hmm, maybe.
41:34 Caleb Hammer? Smaller balance, higher interest, lower minimum payment. There's a lot of factors that go into it. Okay, Capital One Quicksilver, you have, you've collected every little credit card, haven't you?
41:42 Speaker 01 Credit.
41:42 Caleb Hammer? What, what are you doing? What have you done with like, what was your, you got that first credit card? For, for, for, I don't do for travel guys, I'm making the difference. I've been nothing to set them. Okay, so.
41:50 Speaker 01 You know what? The Amazon card, though, got me a free HexClad pan. Because they gave me a hundred and fifty dollar gift card when I opened it.
41:56 Caleb Hammer? I think I have HexClad, uh, it's not, it's, it's just an old pan. I don't see it. I don't get it.
42:01 Speaker 01 Really good pans. They're worth it. Yeah.
42:05 Caleb Hammer? Hundred fifty-nine dollars on the Capital One Quicksilver. Is there a balance on here? Or did you pay that off?
42:09 Speaker 01 Quicksilver, um, so.
42:11 Caleb Hammer? Cause it started at zero, then you purchased hundred fifty-nine.
42:14 Speaker 01 With the annual fee all at once. So I've been.
42:20 Caleb Hammer? What's the balance on here now?
42:22 Speaker 01 Uh. I think, I thought it was like sixty-eight dollars.
42:27 Caleb Hammer? Why? You don't not make money and you have the husband who probably takes care of a lot of the bills.
42:35 Speaker 01 Um.
42:35 Caleb Hammer? No?
42:36 Speaker 01 He obviously pays more.
42:37 Caleb Hammer? How do you guys do bills?
42:39 Speaker 01 How do we do them? Through our little spreadsheet. So like.
42:43 Caleb Hammer? Oh, but you have a hidden system.
42:44 Speaker 01 But I have my secret one. Yeah. So like all my credit card bills. Uh, my two big ones are on my main one, but the little ones, all my affirms, all that are on the secret spreadsheet.
42:54 Caleb Hammer? So how do you guys split the bills, though? I'm talking percentages or who takes what? How does?
42:58 Speaker 01 I take about a third and then he does.
43:00 Caleb Hammer? Okay, with the third, I don't know the price yet, but you should be able to pay off the sixty damn fucking stupid dollars. So it's a twenty-five dollar minimum payment, so it still takes fucking eight months at that point to pay it off. Eight months just for that. That's stupid.
43:15 Speaker 01 I tried to cancel them and then they persuaded me into keep.
43:18 Caleb Hammer? No, don't.
43:20 Speaker 01 But I didn't want to close them because it keeps like.
43:21 Caleb Hammer? Close them. Fuck your credit. You have maxed out credit cards. What's your credit score?
43:26 Speaker 01 It depends on where I look. Experience says like six eighty, but other ones say like six thirty.
43:32 Caleb Hammer? I'd guess more towards the six thirty. If other ones collectively say six thirty and one says six eighty, let's go with the collective.
43:39 Speaker 01 We can average and say like six fifty.
43:41 Caleb Hammer? No, we can't. Fuck you.
43:44 Caleb Hammer? Yeah, interest. No, this wasn't the card annual fee, you tit. Scotty fit. What's Scotty fit?
43:52 Speaker 01 Oh, I forgot about that. Okay, so I have been on a weight loss journey for the last year.
43:58 Caleb Hammer? What do you weigh? What did you weigh?
43:59 Speaker 01 I started at like two twenty. I got down to one eighty-five and then I've gained a little back. So I'm like two hundred right now. So.
44:07 Caleb Hammer? That gives me hope. A little concerned. I'm also a balloon-er, but if you have the discipline to lose a weight, we can transfer those skills
44:14 Speaker 01 Yes.
44:14 Caleb Hammer? to the money part, and that gives me more confidence than, you know, some episodes.
44:18 Speaker 01 So Scotty.
44:19 Caleb Hammer? But you are bouncing. Why are we bouncing? I bounce. I'm a bouncer. I'm not judging. I'm judging a little. Why are you bouncing?
44:25 Speaker 01 I hit a plateau and then I lost all my motivation.
44:27 Caleb Hammer? Why? Cause you hit a plateau? So what are you doing now? I mean, yeah, you're eating out. It's crazy when we go through these statements. It's like crazy.
44:34 Speaker 01 Nothing.
44:34 Caleb Hammer? Five hundred twenty-nine, five hundred ninety-two dollars of eating out alone. Then miscellaneous bull, seven hundred sixty-five dollars. Unknown shopping, seven hundred thirteen. I bet half of that's pat, half is eating.
44:44 Speaker 01 Probably. But yeah.
44:45 Caleb Hammer? So what the fuck is the Scotty fucking broken?
44:47 Speaker 01 So Scotty was running a special. He opened his.
44:49 Caleb Hammer? Scotty, who's Scotty?
44:50 Speaker 01 Scotty K.
44:51 Caleb Hammer? Who's the fuck is the Scotty K? What does he do?
44:55 Speaker 01 He's a, he's a TikToker and he opened up his little coaching thing.
44:59 Caleb Hammer? Coaching for what? What does he coach?
45:00 Speaker 01 For like personal fitness.
45:02 Caleb Hammer? Okay, it's a fitness coach?
45:02 Speaker 01 Yes, yeah. So I thought that was a really good deal because I have looked at coaches before and I have never seen one that low. So I sign up for them and then my husband switched jobs. So we were kind of really low on money for like a little bit. So I canceled that because I, I couldn't afford a hundred and sixty dollars a month, but I still got stuck paying at least the first month.
45:28 Speaker 01 Yeah, I forgot that was on there.
45:30 Caleb Hammer? Thirty one point seven four percent interest rate. This is crazy. This is crazy. I don't get it. I don't get it. Cap or Credit One, that's when we know we are the worst of the worst of the worst. You only have Credit One when you're the worst of the worst of the worst of the worst of the worst of the worst.
45:47 Speaker 01 Yeah, I'm
45:48 Caleb Hammer? So what the
45:49 Speaker 01 I was just super excited that they even
45:51 Caleb Hammer? Super excited.
45:52 Speaker 01 Yeah, I've never had a
45:53 Caleb Hammer? You were excited about a credit card that shows up in the mail.
45:58 Speaker 01 What do you mean?
45:58 Caleb Hammer? Credit One is one of those credit cards that Yeah, comes in the mail, one of their trash ones. It's as trash as it gets.
46:05 Speaker 01 But I don't know.
46:06 Caleb Hammer? No, the benefits on the the platinum card is probably actually relatively decent if you actually use the credit card effectively. Credit One, no matter what, you have fees regardless of if you have a fucking balance.
46:15 Speaker 01 Yeah, I have. I'm not too happy with them because
46:18 Caleb Hammer? Why are they open for your credit score, your special little precious credit score?
46:24 Speaker 01 Yeah, because I have probably like $2,000, maybe more between all three of them of a of a limit. So that's like, that's a good chunk
46:33 Caleb Hammer? This is accruing, which is nothing. Fees $8.33 and then interest because of the fees added on to it adding up to the balance.
46:41 Speaker 01 Yeah, I tried to call and close them and they convinced me to keep
46:44 Caleb Hammer? But what is your convincing? Why are you being convinced for all the bad things in your life?
46:48 Speaker 01 I don't know. I'm very easily
46:50 Caleb Hammer? You don't know.
46:50 Speaker 01 I'm very easily persuaded.
46:53 Caleb Hammer? And he doesn't know. The husband.
46:57 Speaker 01 He only knows about the two big ones.
47:01 Speaker 01 He knows I have those open, but he doesn't know that there's anything on them.
47:06 Caleb Hammer? Well, is there right now? Because there was $8 on here. Did you pay?
47:08 Speaker 01 No, I I pay that monthly. It's just, it's stupid.
47:13 Caleb Hammer? Crazy. Why?
47:14 Speaker 01 It's $8 just to have it.
47:15 Caleb Hammer? $8. You don't, you need every little extra piece of money. Now, this one actually does have a balance. It's only $68.13.
47:22 Speaker 01 That was the the annual fee. I think it was like 100 when they hit it. So I've been paying it.
47:28 Caleb Hammer? Why have this and 13 cents with a $30
47:32 Speaker 01 I was told that closing accounts actually hurts credit.
47:35 Caleb Hammer? It does, but you're paying a subscription to have this. It doesn't make any sense. What is the point at that point? This is a monthly subscription. There are certain things with annual fees with good benefits that make sense. This is not one. There is nothing here benefiting you. And what are you trying to take advantage of credit wise? What are you trying to do with credit? What credit are you trying to utilize? You want to have good credit so that you can do what?
47:57 Speaker 01 Um, eventually I like to get a better car.
48:00 Caleb Hammer? You want to finance it? Your goal is to finance it?
48:03 Speaker 01 I've never been able to finance a car before.
48:05 Caleb Hammer? Well, that's probably a good thing for you because your entire finances are Why would you want to add another thirty three percent to your debt with a financed car that you can't afford? The fuck are you talking about? What kind of mindset is that? Yay, I want my credit score to be better so that I can my life. What are you talking about? You want to finance a car instead of us creating a strategy to build like a cash fund for a cash car?
48:27 Speaker 01 For a cash car?
48:28 Caleb Hammer? A cash car.
48:29 Speaker 01 Like pay it out in cash?
48:30 Caleb Hammer? Yes, that's what a cash and car would mean.
48:36 Caleb Hammer? So what?
48:41 Caleb Hammer? That's the only intention behind having a good credit score. We're not closing an account that is accruing on both cards like you know, dozens of dollars on a monthly basis just to have access to it so that you can eventually get a car loan. Woo, everyone's dream.
48:55 Speaker 01 Yeah, I have a bad habit of impulsively buying cars.
48:59 Caleb Hammer? Cars? Vehicles, vroom, vroom, drive, drive? Not cards, cars.
49:04 Speaker 01 Cars.
49:04 Caleb Hammer? What are you talking about? What impulsive cars are you doing?
49:07 Speaker 01 So like I just, I get bored.
49:09 Caleb Hammer? Your dream then?
49:10 Speaker 01 Because that's a huge goal to like be able
49:13 Caleb Hammer? Financing a car?
49:14 Speaker 01 Yeah, to be able to go and get a car without a co-signer.
49:18 Caleb Hammer? Financing, you're not getting a car, you're borrowing someone else's money. That's the goal?
49:23 Speaker 01 Yeah.
49:23 Caleb Hammer? You're not owning it though. It takes you years to own it.
49:26 Speaker 01 But who just goes and buys a car?
49:29 Caleb Hammer? What do you mean? Just goes impulsively buys a car?
49:31 Speaker 01 No, like who pays for a car like just with cash?
49:34 Caleb Hammer? The people that we teach on this show, people get cash cars in our audience and guests all the time. And we could probably do that with you. Is it going to be the most luxurious car in the world? No, but you're not entitled to an luxurious car in the world. No offense, you're not. I mean, with two thousand seventy seven, because of the child support, you're not in this incredible net income scale where you deserve, deserve all this money. You have net twenty four thousand dollars a year, twenty five thousand, you know? It's not, you think you get a sixty thousand dollars on twenty two thousand dollars a year? No, that's not, you're not entitled to, I'm confused.
50:08 Speaker 01 I just want to be able to have the like
50:11 Caleb Hammer? But you're going to put yourself in a dangerous situation twenty two thousand.
50:13 Speaker 01 I already have a car, so I would just trade that in.
50:16 Caleb Hammer? Well, you're in a dangerous situation because is it a debt?
50:19 Speaker 01 Yeah.
50:21 Speaker 01 It's actually got
50:21 Caleb Hammer? So what the
50:22 Speaker 01 Get it back what he
50:22 Caleb Hammer? What is this?
50:25 Speaker 01 But I would just like the ability to know that I am at a point financially and credit wise that I could go to a dealership and get a car.
50:32 Caleb Hammer? What does that do for you? Are you gonna say security? Is that security?
50:35 Speaker 01 Being able to get my own car?
50:37 Caleb Hammer? Yeah. That's what an emergency fund is for. That's why we get out of bad debt and have an emergency fund, cuz that is security to get yourself a car and cash if you need it. That is what it is for. Believe it or not, when they talk about funds and things that are emergencies, like getting a car, we usually use something called a emergency fund and not something called, uh, go out and finance our entire life away. What, which one is more applicable? Which one brings more security to emergencies? An emergency fund or debt? Yeah, exactly. So we need to change your worldview on this lady.
51:19 Speaker 01 Mm-hmm.
51:20 Caleb Hammer? Ball python lady.
51:21 Speaker 01 Mm-hmm.
51:22 Caleb Hammer? Like, what is it? Well, fine, let's look at your car first. Let's, let's skip past these. We'll come back to it.
51:28 Speaker 01 Mm-hmm.
51:29 Caleb Hammer? It's your car. Okay, so Hyundai Finance. The more money you can make net, this is basically what you make net on a yearly basis is what you owe still.
51:40 Speaker 01 Yeah.
51:41 Caleb Hammer? So twenty-three thousand, three hundred thirty-six thousand, ninety-seven cents.
51:44 Speaker 01 Yeah, most of that is probably from the car that I brought over on that loan. I had a really shitty Lancer when I moved up here.
51:53 Caleb Hammer? I don't even know what that is.
51:54 Speaker 01 A Mitsubishi Lancer.
51:56 Caleb Hammer? Sure.
51:57 Speaker 01 Yeah. So my husband and I went and got brand new cars.
52:00 Caleb Hammer? Yeah, but he's able to afford his?
52:04 Speaker 01 Well, yeah.
52:05 Caleb Hammer? He co-signed on yours. It's an eighty-four month loan. It's, that's borderline despicable.
52:08 Speaker 01 Yeah.
52:09 Caleb Hammer? Despicable.
52:10 Speaker 01 Yeah.
52:11 Caleb Hammer? It's a good word. Twenty twenty-nine, end of this decade is when it is paid off. Five hundred twenty-five dollar minimum monthly payment, which is a four- Yeah, it's a fourth of your net. That's crazy. A fourth of your net just going to income. We like our money guy. It's there are pals YouTube channel, text them all the time. And I cheer when their sports teams are losing and I cheer for them. Either way, they're good. You graduate from financial audit and to money guy eventually. That's, you know, my goal. We like their rule, their car buying rule. 20% down. You can only afford a car if you put 20% down. The term is no longer than three years and it is no more than 8% of your gross income on a monthly basis. This is 25% of your net income. So gross, probably closer to like, ah, before the child's born, maybe like 15.
52:55 Caleb Hammer? That's still crazy. You have an 84 month loan.
52:58 Speaker 01 So like my car payment is 525 a month. So I make two payments a month, like half in the beginning and half at the end of the month because the car guy told me it would save me on interest long run. If I made multiple payments throughout the month.
53:13 Speaker 01 I don't know. The way he explained it to me at the time made sense, but.
53:17 Caleb Hammer? Mathematically there, if it's saving anything, it's going to be pretty minimal. As far as I know, I'd have to plug it into a calculator. But what I do know is if you make your full car payment, the beginning of the month, and then an additional payment in the latter half of the month, that is what saves you on interest.
53:30 Speaker 01 Got it.
53:30 Caleb Hammer? Same with mortgages and whatnot, really any kind of debt.
53:33 Speaker 01 That probably makes more sense. I don't know.
53:35 Caleb Hammer? The way he explained it. You're only paying the total. You're just splitting it in half.
53:39 Speaker 01 Yeah, I don't know. The way he described it to me, it made sense at the time.
53:42 Caleb Hammer? Well, I'm sure he tried to sell you on every little thing. In order to get you to close this deal where he made a good amount of money.
53:48 Speaker 01 My husband bought like six cars from him, so.
53:50 Caleb Hammer? Okay, they don't have your interest at heart. Dealers, they just simply don't. They want to make the sale. It's like, but again, maybe your husband can afford it. I don't know.
54:00 Speaker 01 Right.
54:01 Caleb Hammer? Like, but all I know is you making $24,000 a year net is not a $23,000 loan. At what, what's the interest rate on here?
54:10 Speaker 01 I think eight, eight percent, maybe. I don't know.
54:13 Caleb Hammer? Okay. So even in the market, even when I invest in S and P 500 and my investing app, Moo Moo, I just bought some this morning. I buy some basically every morning. It's getting eight to 10% a year. So you're just, you're not even competing with the market. You're just losing, plus it's depreciating. So it's actually worse.
54:30 Speaker 01 Yeah.
54:31 Caleb Hammer? Okay.
54:32 Speaker 01 It's got rust on it now too, because I drove it to New York. So.
54:35 Caleb Hammer? What does that mean? It got rusted immediately? You get it rusted?
54:37 Speaker 01 No, but it's like starting to rust. Like there's.
54:39 Caleb Hammer? How long have you had this car? I mean, so if you drove it to New York, how long was it in New York? You get rust like that? I've had cars up.
54:46 Speaker 01 Been to New York?
54:47 Caleb Hammer? I've been to Michigan where it was more snowy, covered in more salty.
54:51 Speaker 01 I don't know.
54:52 Caleb Hammer? My state's more salty and snowy.
54:54 Speaker 01 I didn't realize we're having a pressure and contest.
54:56 Caleb Hammer? We are, and I'm slapping a massive one on the table.
54:59 Speaker 01 Okay.
54:59 Caleb Hammer? Like, I get it. And my car's rusted. I don't, it doesn't, does, I'm, I may, this is more of a genuine question.
55:04 Speaker 01 That depreciates.
55:05 Caleb Hammer? Does it rust after one day?
55:07 Speaker 01 Uh, apparently. I, we were there for like a week. I think I've actually drove it there twice.
55:12 Caleb Hammer? How long have you had this car?
55:14 Speaker 01 Couple of years.
55:15 Caleb Hammer? Geez, and it's still till the end of this decade. That's fucking wild. Or, okay.
55:20 Speaker 01 We got them in 23, so.
55:21 Caleb Hammer? 30% of firm loans. The.
55:24 Speaker 01 Yep. So one of those is the VR headset from 2023 Christmas.
55:30 Caleb Hammer? This is the 2023 fucking.
55:33 Speaker 01 Uh, I think one of them's also, I bought a couple of Stanleys that were limited edition.
55:37 Caleb Hammer? What are you white chicks in Stanleys on about?
55:41 Speaker 01 You have to accessorize. So depending.
55:43 Caleb Hammer? Shut the fuck up. You have to have an emergency fund so you can afford this emergency car.
55:47 Speaker 01 Have to look.
55:48 Caleb Hammer? Cause your car's rusting, cause it saw a snowflakes.
55:50 Speaker 01 That's another thing. Like, my husband doesn't know about. Like, I have hidden, I have hidden Stanleys.
55:57 Caleb Hammer? You hide Stan.
55:58 Speaker 01 Mm-hmm.
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57:23 Caleb Hammer? For anyone committed to leveling up their finances this year, this is a no brainer. So, if this is the year, you're finally tackling all your loose ends in your finances, don't wait. Visit hicapitalize.com/caleb or click the link in the description below to get rolled over today. That's hicapitalize.com/caleb. Thanks to Capitalize for sponsoring the video. Let's get back into it. Why do you hide things from him? This is a pattern now. This is the third thing. Why are you hiding? Why would you have to hide things? Because it's two things. It's either you know it's bad.
57:56 Speaker 01 No, I know it's bad. Yeah.
57:57 Caleb Hammer? Well, then it's that one.
57:58 Speaker 01 Yeah. And he would never like yell, or I just don't want him to be disappointed. And I feel like he would be.
58:04 Caleb Hammer? But this is worse. You're hiding. That is worse than any kind of disappointment. It's you can hide being something from him.
58:10 Speaker 01 Eventually.
58:11 Caleb Hammer? How long has it been?
58:13 Speaker 01 How long?
58:14 Caleb Hammer? Months. How long has the secret spreadsheet been?
58:16 Speaker 01 Hmm, maybe six months.
58:19 Caleb Hammer? How long have the credit car, uh, the, the snail thing?
58:24 Speaker 01 Hmm.
58:25 Caleb Hammer? The extra special.
58:27 Speaker 01 Couple months.
58:28 Caleb Hammer? What is this eventually? One's been six months. Eventually usually comes quicker than that.
58:31 Speaker 01 Yeah.
58:31 Caleb Hammer? If we're confessing to something.
58:33 Speaker 01 I just have to wait for the right.
58:34 Caleb Hammer? Does he know you have 2023 Christmas debt?
58:36 Speaker 01 Hmm, probably not.
58:37 Caleb Hammer? Of course not. Why would he?
58:40 Speaker 01 So I had all these racked up at one point. I had multiple affirms and I got really overwhelmed and he gave me some bailout money and he paid all of them off.
58:49 Caleb Hammer? And he's to be with behavioral change. This is what happens. This is what happens to, um, did you Ozempicify yourself down?
59:00 Speaker 01 My weight loss?
59:00 Caleb Hammer? Yeah.
59:01 Speaker 01 No.
59:01 Caleb Hammer? See, and I'm afraid of needles or else I would because I'm a fat. So, but listen, this is the, the one bad thing that sometimes comes with Ozempic. It's a good tool for some people, but um, a lot of the times people don't change their behavior. They just rely on the medication once the medication is done because they didn't change the behavior or learn anything throughout the process, they balloon right back up.
59:19 Speaker 01 Right.
59:19 Caleb Hammer? Same thing with debt consolidation or uh, you know, transfer to a credit card, you know, balance transfer or bankruptcy or getting bailed out by someone. If you don't change the behavior, guess what? We end up all the way back fucking up with missed payments, late payments, max out credit cards, thirty percent in a firms and a car that isn't even close to something we can afford. So we have three hundred thirty-three dollars and seventy-five cents on this one. What's the monthly for that?
59:49 Speaker 01 Uh, the highest. I think it's like thirty-four dollars.
59:53 Caleb Hammer? You're gonna be paying this forever. At thirty percent interest is fucking crazy. Why would you even allow that? Okay, and then this one.
1:00:02 Caleb Hammer? Uh, oh, maybe this is, I think I'm just seeing, no, I'm seeing eleven hours twenty-eight.
1:00:07 Speaker 01 A month, yeah. Eleven twenty a month. I have three different.
1:00:10 Caleb Hammer? This is really gonna take forever.
1:00:13 Speaker 01 I think total, they're like fifty dollars a month, all three of them.
1:00:16 Caleb Hammer? Oh, yeah, here's another, wait, wait, whoa, whoa, whoa, whoa, whoa, what am I seeing? Okay, maybe that first one was, because now I'm seeing a couple of different things. Sorry, sorry, sorry, sorry. Yes, ye- yes. Oh, there's a finance charge on top of it. Okay, so thirty-four dollars for that first one. It is thirty-four a month. And then the second affirm.
1:00:35 Speaker 01 Like eleven? And then one is?
1:00:38 Caleb Hammer? Yeah, the second affirm, we're looking at a, I can't even tell the balance. I see the total payments being made, but I don't know what's left. It doesn't say. Why don't you pull, yeah, why don't you take a little peeky? They're all at twenty-six, thirty percent, you know? It's off.
1:00:58 Speaker 01 But look, I have a thirty one percent.
1:01:00 Caleb Hammer? Oh, look.
1:01:00 Speaker 01 Fail of or thirty one hundred dollars to spend that I'm not going to.
1:01:04 Caleb Hammer? Oh, look, if you guys get divorced, you'll be living under a bridge.
1:01:07 Speaker 01 Okay, so one of them, I have an Amazon affirm. I got that before I had the Amazon credit card.
1:01:13 Caleb Hammer? Yeah, you still have it. That's how prevalent this is.
1:01:16 Speaker 01 It's a ninety nine dollar balance.
1:01:18 Caleb Hammer? Which one's that? What minimum payment is that? The eleven twenty eight?
1:01:21 Speaker 01 Fourteen twenty six.
1:01:22 Caleb Hammer? Okay, that's a ninety dollar balance?
1:01:24 Speaker 01 Ninety nine.
1:01:24 Caleb Hammer? Really? You're not paying a ninety nine dollar balance rate?
1:01:27 Speaker 01 Uh.
1:01:28 Caleb Hammer? Okay, and then the last one.
1:01:30 Speaker 01 So then I have a three hundred and forty dollar balance.
1:01:32 Caleb Hammer? We have that one. What's the other one?
1:01:34 Speaker 01 Uh, I think it's like twenty bucks. I'll pay that off when I get paid.
1:01:39 Caleb Hammer? Okay, and that's the eleven dollar, twenty eight dollar.
1:01:42 Speaker 01 Yeah.
1:01:42 Caleb Hammer? Twenty eight cents a month one. Okay.
1:01:44 Speaker 01 Mm hmm.
1:01:45 Caleb Hammer? PayPal credit, it's interesting. I've used PayPal credit. It can be a good one and like finance anything as zero percent interest.
1:01:50 Speaker 01 I opened that because.
1:01:52 Caleb Hammer? But you're not interested, I'll tell you that.
1:01:54 Speaker 01 Hmm. When I was at one of my expos, one of the dealers there, that's like one of the breeders.
1:01:59 Caleb Hammer? Expos? Oh, my.
1:02:01 Speaker 01 I'll expose.
1:02:02 Caleb Hammer? You're kidding. It's so much more expensive than you were letting on. Come on. How often do you go to these damn expos?
1:02:08 Speaker 01 I missed one last weekend.
1:02:10 Caleb Hammer? Good.
1:02:11 Speaker 01 I know.
1:02:11 Caleb Hammer? Missing is not what I'm hoping for. I want you to not go.
1:02:14 Speaker 01 I go like two or three times a year.
1:02:16 Caleb Hammer? You can't, because you know you spend money.
1:02:17 Speaker 01 I do. I do.
1:02:18 Caleb Hammer? You can't.
1:02:20 Speaker 01 Last time I only spent twelve dollars on a frog.
1:02:22 Caleb Hammer? You just don't have money to spend. You're maxed out and you're late on a card. Listen, if you had some bad debt, but you're making your payments and you're not purchasing on them, like we would talk about, like, I would be like, uh, a little disappointed, but okay. You can't. You're late on a card. And you're maxed out on some. This one's five hundred thirty four on a seven hundred fifty credit limit with twenty eight cents. Nine dollars, forty nine cents of interest accruing. Purchases, a hundred fifty six dollars purchases and nineteen cents. Why? For forty one dollars minimum payment. What? It's DoorDash!
1:02:51 Speaker 01 DoorDash, yeah. And I found out that I'm.
1:02:54 Caleb Hammer? And TikTok shop.
1:02:56 Speaker 01 Yeah.
1:02:57 Caleb Hammer? Ban it for people like you.
1:02:59 Speaker 01 They're such good deals.
1:03:00 Caleb Hammer? People like me. Fuck your deals. You don't have the deals. That was more.
1:03:04 Speaker 01 That was refunded.
1:03:05 Caleb Hammer? Hey, that was more than your fucking minimum payment on the Amazon card that you weren't making a minimum payment on. The purchase on the TikTok shop. So fuck you, good deal. Fuck you, good deal. No good deal. Good deals pay off debt. Having a emergency fund, being ready for your retirement, being able to sustain yourself, having combined finances with your husband, not hiding three separate things from your husband, if not more. That's a good deal!
1:03:25 Speaker 01 I returned it. So that doesn't count.
1:03:29 Caleb Hammer? Doesn't count. You doesn't count. You did it. You pulled the trigger. What is this barren apping?
1:03:36 Caleb Hammer? Great. She doesn't even know and it's eighty nine dollars. Could have covered the minimum.
1:03:41 Caleb Hammer? Seventeen months to pay off without any purchases, but guess what? We're always purchasing.
1:03:46 Caleb Hammer? Twenty eight point four two percent interest.
1:03:50 Speaker 01 I also found out.
1:03:54 Caleb Hammer? What is this? I see a deferred interest rate balance. Oh, you're deferring interest. Oh, it's gonna accrue in two months. Oh, me. Interest is about to hit you. Hit you.
1:04:10 Caleb Hammer? There's deferred interest on there. Haven't seen deferred interest in a second.
1:04:14 Speaker 01 I don't even know what that means.
1:04:16 Caleb Hammer? It means the balance of that deferred interest thing, which was a hundred forty seven dollars or something like that.
1:04:20 Speaker 01 Oh, yeah.
1:04:21 Caleb Hammer? Deferred. If you don't pay it off in time, a couple of months from now, all the back interest hits.
1:04:28 Caleb Hammer? Hmm. Yes, I'm concerned about it, too.
1:04:30 Speaker 01 Yeah.
1:04:33 Caleb Hammer? What the is this? Oh, I think this was your.
1:04:38 Caleb Hammer? I think that was another card, second document for another card. Upgrade. Okay, what are you upgrading?
1:04:44 Speaker 01 Okay, so fun story with this.
1:04:46 Caleb Hammer? Yeah, fun story. It's a thirty two point nine six percent, the worst one so far.
1:04:49 Speaker 01 So I had, believe it or not, I had more credit card debt than this.
1:04:53 Caleb Hammer? I believe it.
1:04:54 Speaker 01 I didn't want to ask my husband for help. So I wanted to go to him with a solution, not a problem. So I found.
1:05:04 Caleb Hammer? Is he the CEO? Like, what's happening?
1:05:07 Speaker 01 I wanted him to be proud of me. So I got a consolidation loan to pay off. Which I did pay.
1:05:16 Caleb Hammer? It's worse than the credit cards. What in hell is this doing? Because then you just rack the rest up.
1:05:20 Speaker 01 Yeah, he, yeah, I.
1:05:22 Caleb Hammer? Does he know about this?
1:05:22 Speaker 01 He does know about this.
1:05:25 Speaker 01 So as you'll see, like, all of my interest rates are like thirty, so I kind of thought that was just the normal for like an interest rate.
1:05:31 Caleb Hammer? They know how to make their money, let me tell you.
1:05:36 Speaker 01 I did pay off a lot with that, but then I just kind of, you know.
1:05:39 Caleb Hammer? Same whingy crybabies who have no nuance or establishment in life that we talked about earlier. They're not angry at them for charging you thirty two point nine six, but they're angry that I yell at you. That you consented to being yelled at. Oh, thirty two, that's crazy. That's what I'm pissed at. That's what I'm fucking against in this world.
1:06:01 Speaker 01 Yeah. Yeah. I don't, I thought that was just the norm, like an average interest rate.
1:06:07 Caleb Hammer? Eight thousand four hundred and seventy nine dollars. Minimum payment, a hundred thirteen dollars and sixty eight cents.
1:06:12 Speaker 01 So that's only temporary.
1:06:14 Caleb Hammer? What?
1:06:15 Speaker 01 Because I called them and I lowered my payment so I could get caught up on other things.
1:06:21 Caleb Hammer? That's your lower payment? When does the full payment kick?
1:06:24 Speaker 01 April, April, May, and then it's gonna be three, three fifty, three forty, I don't know.
1:06:35 Caleb Hammer? Me up.
1:06:41 Caleb Hammer? Okay. Is that all the debt? I think I have all the debt.
1:06:46 Caleb Hammer? Nope, I don't have all the debt.
1:06:48 Speaker 01 Oh, student loans. Yeah. So I'm not, they're in.
1:06:52 Caleb Hammer? This is so much. How much in total in student loans?
1:06:54 Speaker 01 Uh, like one twenty four.
1:06:56 Caleb Hammer? One thirty five, three hundred sixty three. You have a hundred thirty five thousand three hundred sixty three thousand, one for one, what are you, how many years did you go to school?
1:07:05 Speaker 01 Pretty much since I've been out of high school.
1:07:07 Caleb Hammer? Oh, you're a permanent schooler. Come on, those people are never successful in life. Those are permanent in school. Don't do that. You could be successful. You have a chance of being successful. Those who do the permanent schooling, they are never successful. And they're also like the biggest victims in the world usually as well, because they think the entire world's against them, but they just stayed in school forever. Like, come on, you want to be that?
1:07:28 Speaker 01 No, no, that's not me.
1:07:29 Caleb Hammer? Those people are like the literal failures in life.
1:07:32 Speaker 01 My life has brought me on different journeys that have led me to different careers.
1:07:36 Caleb Hammer? No, they've led you to a hundred thirty five thousand three hundred sixty three thousand twenty six cents of student loan debt.
1:07:41 Speaker 01 I'm in the forgiveness program, so.
1:07:43 Caleb Hammer? What forgiveness program?
1:07:45 Speaker 01 For nonprofit. If you work nonprofit.
1:07:47 Caleb Hammer? Without leaving?
1:07:48 Speaker 01 Right.
1:07:49 Caleb Hammer? How long have you been there?
1:07:50 Speaker 01 All of my jobs have been.
1:07:50 Caleb Hammer? How long have you been in there?
1:07:52 Speaker 01 My current job, three years.
1:07:53 Caleb Hammer? Does it count if you switch between nonprofits?
1:07:55 Speaker 01 Yeah, as long as, yeah, as long as it's a nonprofit, then it still counts. So I, I think I'm like five years paid with that. So in another five years, they'll be forgiven.
1:08:06 Caleb Hammer? All?
1:08:07 Speaker 01 Mm hmm.
1:08:07 Caleb Hammer? We know that for sure. Now, let me tell you.
1:08:13 Speaker 01 But that's why I want to get this taken care of because I'm not making payments right now and eventually I'm gonna have to start.
1:08:20 Caleb Hammer? Are you making the zero dollar payments?
1:08:21 Speaker 01 Hmm.
1:08:21 Caleb Hammer? Okay.
1:08:22 Speaker 01 Yep.
1:08:22 Caleb Hammer? When does the payment start?
1:08:24 Speaker 01 Well, I graduate in December, so it'll be, I think they give you like a couple of months after graduation until you start paying.
1:08:31 Caleb Hammer? What will your payment be?
1:08:32 Speaker 01 I don't know.
1:08:33 Caleb Hammer? Well, it really depends what they do with, I don't, can you apply for income driven things right now? Cause they're being challenged in court. All, everyone that was in one is now deferred.
1:08:42 Speaker 01 I keep getting emails about that. Yeah, I don't know.
1:08:44 Caleb Hammer? Well, you're getting emails to apply?
1:08:46 Speaker 01 I don't, I have.
1:08:47 Caleb Hammer? No, what are you getting emails for?
1:08:48 Speaker 01 I don't know. I have freedom.
1:08:51 Speaker 01 But I was in one, um.
1:08:55 Speaker 01 But it, well, there was that new like save, like the save.
1:08:59 Caleb Hammer? Yeah, but that's me. That's what's being challenged.
1:09:01 Speaker 01 But I don't know. It's kind of out of sight, out of mind because I don't have to worry about them until.
1:09:06 Caleb Hammer? That's not true. When are you done with school?
1:09:07 Speaker 01 December.
1:09:09 Caleb Hammer? That's not even close to do this. It balances insane.
1:09:12 Speaker 01 Mm hmm.
1:09:13 Caleb Hammer? Now, I'm okay with the student loan debt forgiveness, nonprofit government, all that good stuff. Again, you just have to not fuck it up. The statistics around those who are applying and have been denied are dramatically skewed. Cause people that are not qualified for it apply and then they get denied. So though you should be able to get it approved if you actually stick to it. And I confirmed you can sit between nonprofits is, you know, I wanted to be extra a hundred percent sure.
1:09:36 Speaker 01 Yeah, I think I have like three different employers right now, like towards that forgiveness. So as long as I stay within a nonprofit.
1:09:44 Caleb Hammer? Yeah, but the thing is you're locking yourself in a potential lower income scale in seven years. Now, this probably offsets your 135,000 hour student loan. But if it was like 30,000 hours, I'd want you to go to a more profit making sector. Uh, safe plan is blocked due to currently, uh, but can you, you can still, uh, for eligible borrowers, you could join an I B R.
1:10:07 Speaker 01 But does that include?
1:10:08 Caleb Hammer? Income based repayment.
1:10:09 Speaker 01 Like household income because we're.
1:10:11 Caleb Hammer? Would you guys file together?
1:10:12 Speaker 01 Mm hmm.
1:10:13 Caleb Hammer? Yes.
1:10:14 Speaker 01 So.
1:10:14 Caleb Hammer? But you might still get a little reduced.
1:10:16 Speaker 01 Okay.
1:10:16 Caleb Hammer? That's crazy. You guys file together, but you're not willing to, okay. And there's also pay as you earn ones that you can do. Um, mm, but yeah, with the income and.
1:10:26 Speaker 01 That's what I'm nervous about is how much those payments are going to be once they start coming around.
1:10:33 Caleb Hammer? And can I say, just because they might be asking, we're keeping his income private.
1:10:37 Speaker 01 Dollar amount, yeah.
1:10:38 Caleb Hammer? Income, yeah. So we're just keeping it private for privacy reasons.
1:10:44 Caleb Hammer? I mean, if it's a normal payment, it's gonna be like a thousand five hundred dollars.
1:10:48 Speaker 01 A month?
1:10:49 Caleb Hammer? Yeah, if it's normal on the ten year traditional, you'll probably get in some kind of income thing because it's a substantial balance. But I don't know his income.
1:10:55 Speaker 01 Right.
1:10:56 Caleb Hammer? Because I don't even know for the privacy reasons, which is totally okay. So a lot of that's going to be dependent. You're just gonna have to apply and find out. And it's going to be December, but that's going to be a huge thing. And obviously, you're potentially, potentially restricting your income for seven years to stick to this. And also, there is one more caveat I just want to mention. We have a new head of the Department of Education. I don't know if that person's been confirmed or what their name even is. But they could, like, get rid of all this. They could change the rules. They could not forgive loans. Like, it'll be, like, it'll be a different administration because of term limits by the time that you're seven years in. But we don't know what things are going to look like. The tide might completely shift from student loan to forgiveness to absolutely no one gets forgiven.
1:11:37 Caleb Hammer? I don't think we'll go there for nonprofits and public workers, but even still, there is a risk and you're locking yourself into this only one thing works scenario with no exit plan. And that would be the one thing that makes me nervous. Okay, what do we have here? Oh, this is earning?
1:11:53 Speaker 01 Yeah.
1:11:53 Caleb Hammer? Oh, earning in, in, how much you earn? Oh, my gosh, it's pages of earning.
1:11:57 Speaker 01 I usually use it every, every pay period.
1:12:01 Caleb Hammer? Five pages, six pages of earning, seven pages of earning, the fucking micro payday loan.
1:12:11 Caleb Hammer? You tipped them? You tipped them?
1:12:13 Speaker 01 I feel bad.
1:12:15 Caleb Hammer? Feel bad. You're borrowing a micro payday loan.
1:12:18 Speaker 01 They're helping me.
1:12:19 Caleb Hammer? They are not helping you. They are making so much money off you. What the do you think? What are you tipping? What are you tipping? What are you tipping? What are you possibly tipping? What are you tipping?
1:12:27 Speaker 01 Only like a dollar or two.
1:12:28 Caleb Hammer? Per?
1:12:29 Speaker 01 Per, yeah.
1:12:30 Caleb Hammer? You have seven pages in a fucking month.
1:12:32 Speaker 01 I don't.
1:12:32 Caleb Hammer? That's a lot of per's.
1:12:34 Speaker 01 The one I took out yesterday was only a dollar.
1:12:36 Caleb Hammer? Why are you taking out a dollar, lady?
1:12:38 Speaker 01 No, I tipped a dollar for the one I took out.
1:12:41 Caleb Hammer? Why are you tipping for taking out a payday loan?
1:12:43 Speaker 01 I don't know. I thought you had to.
1:12:46 Caleb Hammer? You have to. What do you mean? You didn't see the no option?
1:12:50 Speaker 01 It just tells you to type in an amount.
1:12:52 Caleb Hammer? You're hitting it like eight dollars, eight dollars per tip. You're eight dollar tipping.
1:12:57 Speaker 01 That's if I want it instantly, which I don't always do.
1:13:01 Caleb Hammer? Gosh, how much in earning are you doing? How much in earning are you doing? It literally says seven dollars. Seven ninety-nine.
1:13:09 Speaker 01 Yeah, that's, that's the instant.
1:13:10 Caleb Hammer? Plus fee.
1:13:11 Speaker 01 Yeah.
1:13:11 Caleb Hammer? Plus fee. Plus fee.
1:13:14 Speaker 01 That is the fee.
1:13:14 Caleb Hammer? Plus fee is what it says, lady.
1:13:17 Speaker 01 Got you. Okay. I don't know. I usually use like three hundred max. I think I got really bad to the point where I think I had like five hundred dollars out at one point.
1:13:28 Speaker 01 And then I get into the loop of, well, now I gotta pay it back. And then I need more because I ran out of money. So I only have like one fifty out right now.
1:13:36 Caleb Hammer? Okay. Let's write it down and let's get out of that.
1:13:42 Caleb Hammer? That's crazy. You can't do this. You have kids, you have animals, you have, is that all the debt?
1:13:49 Speaker 01 I think so.
1:13:50 Caleb Hammer? Well, it's certainly horrendous. A hundred and seventy-three thousand, one hundred and ten dollars and sixty-two cents. You're also taking out graduate loans and stuff like that. I don't think the interest rate on these loans are gonna be great. Well, actually the right here. Yeah, I see an eight percent one right here. That's crazy. Seven, six, five, eight, six point eight, six point eight, six point, these are horrible. These student loans are horrible, the federal ones.
1:14:12 Caleb Hammer? They're gonna be bad. Maybe like a thousand seven hundred and fifty dollars a month. Okay, checking account nineteen dollars and eighty-nine cents.
1:14:21 Speaker 01 But I took out earnings.
1:14:22 Caleb Hammer? Oh, but good God, thank goodness. We got fucking ice cream for ten dollars. Thank, that's what we need when we're dying, when we're dying. Fuck you.
1:14:32 Caleb Hammer? I just want you to do better. I, I need to remind people that, because I know I get excited.
1:14:38 Speaker 01 We like to go on late night trips to get.
1:14:40 Caleb Hammer? Your late night trip, late night payoff debt, late night payoff debt. Sit down and watch a boring late night TV show. I don't know how people watch those anymore and pay off debt.
1:14:50 Speaker 01 Yeah, like financial audit.
1:14:52 Caleb Hammer? Unless you invite me on it.
1:14:54 Speaker 01 You want to be on our show?
1:14:55 Caleb Hammer? Huh?
1:14:56 Speaker 01 What are we inviting you on?
1:14:57 Caleb Hammer? Like a late nineteen?
1:14:57 Speaker 01 Oh, yeah.
1:14:58 Caleb Hammer? No, not really, but I saw LTT was on one, so it's really cool. Linus Tech Tips.
1:15:02 Speaker 01 Love is Blind is coming out, so.
1:15:05 Caleb Hammer? I should be on that show.
1:15:07 Speaker 01 They were in Houston. I mean, that's close enough to Austin, right?
1:15:10 Caleb Hammer? Yeah, I just know I would say I'd get nervous when I flirt, so I'd say something dumb and then I'd get like canceled or something. I'd be like, ugh, nice boobs. I don't know.
1:15:20 Speaker 01 But then you'd probably be a hit because people like trash TV, so you'd probably fall right under that category.
1:15:25 Caleb Hammer? Yeah, but, but also, geez, I would probably look back because I'd just get so nervous. Uh, Dunkin' Donuts, yeah, that's more important than our survival and our kids and our animals and Apple and Apple and.
1:15:39 Caleb Hammer? Yeah, my producers say I'd be more love on the spectrum.
1:15:42 Speaker 01 A lot of the Apple transfers, uh, my husband and I send money back and forth because like if we go to a grocery store, we'll split the bills, so like I'll send him money.
1:15:49 Caleb Hammer? Why do you guys manage money like this? Why aren't you just buying for the fucking house?
1:15:53 Speaker 01 We do, like we'll buy for the house and then I get.
1:15:55 Caleb Hammer? Yeah, but you're splitting. It's weird. Just budget in a pile. Uh, Seven Brew, Five Guys, Sonic, earning, earning, eBay, two hundred and twelve thousand fucking eBay?
1:16:08 Speaker 01 I got my husband a really, it's a retired Destiny two pin that he wanted for Christmas.
1:16:12 Caleb Hammer? And you'll never be able to retire.
1:16:15 Speaker 01 Probably not. I'm gonna be a Walmart greeter.
1:16:17 Caleb Hammer? Yes, you're gonna die in the Walmart floor. I mean, use that terminal while, but it's absolutely true. Dunkin' Mobile, going and getting some BS, going and getting some BS.
1:16:29 Caleb Hammer? Colaches, Oculus for the kid, probably.
1:16:33 Speaker 01 Yeah.
1:16:33 Caleb Hammer? Oh, so it's a subscription and then.
1:16:36 Speaker 01 I probably bought her a game for it.
1:16:38 Caleb Hammer? You shouldn't loop in. Plate pass? What the f- is the plate pass?
1:16:42 Speaker 01 Oh, so when we traveled to New York, that was like the site that they pay the tolls. They use like, because I had to get a rental.
1:16:49 Caleb Hammer? Take the subway.
1:16:51 Speaker 01 I live, I don't live in New York City.
1:16:53 Caleb Hammer? Oh, sorry. That's what I think when I think New York. That's someone from not New York.
1:16:56 Speaker 01 Everyone does.
1:16:56 Caleb Hammer? It's fair enough, right?
1:16:58 Speaker 01 There's more to New York than the city.
1:17:00 Caleb Hammer? Well, yeah, yeah, yeah. It's like, I think when a lot of people say Washington, unless you're from there, they think Washington DC, not the state of Washington. Going and getting some BS, Apple cash, Apple is coding, getting some BS, going and getting some BS and Apple subscription on my Patreon. Who the are you Patreoning to?
1:17:16 Speaker 01 Uh, Green Room Python.
1:17:17 Caleb Hammer? Uh huh, uh huh.
1:17:19 Speaker 01 I got a lot of my snake education from him.
1:17:21 Caleb Hammer? You know, our, I'm sorry for the plug, but you know, our membership actually like delivers more content than any other membership we have been able to find. Yeah, you subscribe to fucking Python bullshit. That. American cookies, Starbucks, car wash? Come on. Was that when you were in New York?
1:17:39 Speaker 01 It's prob-
1:17:41 Caleb Hammer? If it wasn't, then no fucking excuse because we don't have salt. We don't have snow. You had a little snow, but it wasn't during that.
1:17:46 Speaker 01 My car still gets dirty.
1:17:47 Caleb Hammer? Oh, well, but that's not fucking impacting your car. Duncan, not our shit. We don't, we're not in a desert. You're in a swamp. Chick-fil-A, uh, going and getting some BS. Starbucks, pub, pub, Venmo, not twenty dollars, restaurant, Jersey Mike's, Five Guys, marble slab, ice cream.
1:18:09 Caleb Hammer? Oh, this is, you're making me read so much, my throat already fucking hurts. Earnin', earnin'. Apple cash, Starbucks, Starbucks. Tipping brew, Amazon, Macy's, Whataburger, Discord, fucking Nitro. What the are you?
1:18:24 Speaker 01 I have to pay for my entry sounds.
1:18:26 Caleb Hammer? Huh?
1:18:26 Speaker 01 My entry sounds. So like when you go into a chat, you have like-
1:18:29 Caleb Hammer? I'm gonna murder your existence. I'm going to, I'm gonna take out every tarantula and put them in your bed.
1:18:36 Speaker 01 I would like that.
1:18:36 Caleb Hammer? At night.
1:18:37 Speaker 01 I bet they're really soft and cozy.
1:18:38 Caleb Hammer? I bet they are until their fangs are in your neck, of which you will deserve for paying for sound entry music. I'll need to hear that music, by the way.
1:18:48 Speaker 01 It's popular by Wicked.
1:18:50 Caleb Hammer? So you join in and it goes popular.
1:18:53 Speaker 01 You're gonna be popular.
1:18:55 Caleb Hammer? You're off key.
1:18:56 Speaker 01 I know. It's the best part of me.
1:18:58 Caleb Hammer? Going in and getting some BS. Apple Cash, Dunkin' Donuts, going in and some BS, running out $10, going in and getting some BS, PayPal paying for fuck me.
1:19:06 Speaker 01 Yeah, I forgot about those.
1:19:07 Caleb Hammer? Bath and Body Works, I bet you did. Starbucks, Scooter's Coffee, Whataburger, Dunkin'.
1:19:13 Speaker 01 I like coffee.
1:19:14 Caleb Hammer? Brew, Sonic, yeah, so do I, and I make my coffee at home or at the office.
1:19:18 Speaker 01 It's never the same.
1:19:19 Caleb Hammer? It is if you actually make it better. It's even better. Especially Starbucks. It's so much better than Starbucks.
1:19:25 Speaker 01 Starbucks is trash, but I really like Seven Brew. I think they're my favorite.
1:19:28 Caleb Hammer? Well, you go there every second of your life, but get better beans, get better roasting techniques. Fuck you.
1:19:33 Speaker 01 I just get iced. I don't like hot coffee.
1:19:36 Caleb Hammer? No one's ever had ice in their house.
1:19:38 Speaker 01 Nope.
1:19:39 Caleb Hammer? No one's ever had that. Fuck you. Stop. That's not, that's not funny. It's not funny. You have the ability to get out of debt. You can fucking make coffee at home. Shut the fuck up.
1:19:48 Caleb Hammer? Sonic, Seven Brew, Sonic.
1:19:52 Caleb Hammer? Going into BS, Dunkin' Mobile, Jets Pizza, my, oh, $2,000 in retirement at 34. Guys, we're, we're doing great. We're doing great.
1:20:02 Speaker 01 It would be more, but every time I've changed jobs, I take them up.
1:20:04 Caleb Hammer? Cold brew coffee. It's easy.
1:20:06 Speaker 01 I've tried. I don't like it.
1:20:08 Caleb Hammer? Have you made it?
1:20:08 Speaker 01 Mm-hmm.
1:20:09 Caleb Hammer? Have you made good versions?
1:20:10 Speaker 01 Probably not.
1:20:11 Caleb Hammer? Uh-huh.
1:20:11 Speaker 01 Mm-hmm.
1:20:12 Caleb Hammer? What a joke. Well, I saw your mobile payment in there, so I would do helium for 15 bucks a month.
1:20:20 Speaker 01 Do what?
1:20:21 Caleb Hammer? Switch to helium. Same towers as T-Mobile.
1:20:24 Speaker 01 Oh, I'm on my husband's plan, so.
1:20:26 Caleb Hammer? So the payment was from him? I saw Spectrum.
1:20:30 Speaker 01 So Spectrum is...
1:20:32 Caleb Hammer? Spectrum Mobile.
1:20:32 Speaker 01 That's the internet.
1:20:33 Caleb Hammer? But it said mobile.
1:20:35 Speaker 01 Oh, because it's internet and phone.
1:20:37 Caleb Hammer? So he, okay.
1:20:38 Speaker 01 Yeah.
1:20:39 Caleb Hammer? All right, let's get this budget.
1:20:40 Speaker 01 Yeah, the phone's like 30 bucks a month.
1:20:42 Caleb Hammer? So I have to budget for, I guess, you, and I will allocate what amount of money you're allowed to put towards the house. What is your portion of rent or mortgage or whatever it is?
1:20:50 Speaker 01 $4.25.
1:20:52 Caleb Hammer? Okay, that's not terrible. Utilities? Average it out.
1:20:56 Speaker 01 I pay 80 in electric.
1:21:00 Caleb Hammer? That's a lot. So you put anything towards water, sewer, gas?
1:21:07 Speaker 01 Nope.
1:21:07 Caleb Hammer? Internet?
1:21:09 Speaker 01 Nope.
1:21:10 Caleb Hammer? Let me get your debt.
1:21:11 Speaker 01 Just the, the Spectrum internet, so like...
1:21:14 Caleb Hammer? Yeah, what do you put towards it?
1:21:15 Speaker 01 Like, between that and the phone, $1.90.
1:21:19 Caleb Hammer? You put that?
1:21:20 Speaker 01 Or not 190. Oh, my gosh. 120 a month.
1:21:22 Caleb Hammer? You put that?
1:21:23 Speaker 01 Mm hmm.
1:21:23 Caleb Hammer? That's fucking crazy.
1:21:25 Speaker 01 And then I do, uh, we have an annual HOA fee of 250. So.
1:21:31 Caleb Hammer? Okay.
1:21:32 Speaker 01 So I, I pay our HOA is 500, but I pay 250 of it.
1:21:37 Caleb Hammer? You pay the HOA?
1:21:38 Speaker 01 Mm hmm.
1:21:40 Speaker 01 250.
1:21:40 Caleb Hammer? Why? Where are you paying?
1:21:43 Speaker 01 We split it.
1:21:44 Caleb Hammer? So you pay 250?
1:21:45 Speaker 01 Yeah.
1:21:46 Caleb Hammer? So it's double that?
1:21:46 Speaker 01 Yeah. So for the.
1:21:48 Caleb Hammer? When do you pay that? Do you pay it monthly?
1:21:49 Speaker 01 No, um, we.
1:21:51 Caleb Hammer? What the are you talking about?
1:21:53 Speaker 01 It's just an expense that I pay. I help towards the house. I pay.
1:21:56 Caleb Hammer? Okay, your debt minimum monthly payments are insane. It's half of your income. 992 dollars and 77 cents. I have, I, this is gonna be hard to see a way to get out of. What's the annual HOA?
1:22:05 Speaker 01 500. So I pay 250 a year. And it's due, we just paid it.
1:22:11 Caleb Hammer? Okay, so $21 a month. We'll put that in. Car insurance?
1:22:16 Speaker 01 I pay 90.
1:22:17 Caleb Hammer? It's not bad. Vroom, vroom, drive, drive, gas?
1:22:20 Speaker 01 Like 60 a month.
1:22:21 Caleb Hammer? Nothing. Do you live from home?
1:22:23 Speaker 01 Like hybrid.
1:22:25 Caleb Hammer? How are you only 60 bucks a month?
1:22:26 Speaker 01 Cause it takes 30 bucks to like fill my tank and that lasts me about two weeks.
1:22:30 Caleb Hammer? Wow, okay. Uh, TP fund, anything else you need to survive? Anything for the kids as well? 150. Okay, necessary food. You get to do $300 for the grocery, grocery budget. You downloaded the simpler budget app. So use the cookbook. Use the budget friendly cookbook. Helps you meal prep. Good, good, good, good, good. Medical healthcare. Do you have anything ongoing? Copays, therapies, that kind of stuff?
1:22:51 Speaker 01 I have $20 for prescriptions.
1:22:54 Caleb Hammer? Uh, open up your iPhone.
1:22:57 Caleb Hammer? For me, please. How old are your cats and what are their health?
1:23:01 Speaker 01 How old are my cats? Uh, so I have four.
1:23:03 Caleb Hammer? Open your phone.
1:23:04 Speaker 01 Youngest one.
1:23:05 Caleb Hammer? Open your phone.
1:23:06 Speaker 01 It's open.
1:23:07 Caleb Hammer? Cool. Uh, what are the ages? Just what are the ages?
1:23:10 Speaker 01 Four, eight, seven, 13.
1:23:13 Caleb Hammer? Okay, so for the four year old, we're gonna get $40 cat insurance. I don't think we can get the rest of them. How is, how's the health of the four year old?
1:23:19 Speaker 01 Oh, she's good.
1:23:20 Caleb Hammer? Good. Get that one 40. Health insurance, uh, uh, pet insurance. You should have been getting pet insurance for all of them. Subscriptions. Let's see. I want to see actively on here. Good.
1:23:30 Speaker 01 Husband had them when I moved in.
1:23:31 Caleb Hammer? You've canceled. You've canceled. You've canceled. And of course, your, uh. The the simpler budget one, you don't have to worry about canceling that because you get it for free forever. And then you had a dieting app, but good. You've had every subscription in the world, World of Warcraft, all of it. But good.
1:23:45 Speaker 01 World of Warcraft.
1:23:47 Caleb Hammer? Yeah, there was something on there. Maybe it's for the kid. Uh, okay. Anything else that needs to be in your budget that I have not taken into account?
1:23:53 Speaker 01 Um, gym.
1:23:53 Caleb Hammer? Um, yes, how much for gym?
1:23:56 Speaker 01 So currently I'm paying.
1:24:01 Speaker 01 Eighty-five, if I remember, so I have two different gym memberships. Um, but I'm canceling one of them, but you.
1:24:06 Caleb Hammer? Okay, so what then? How much?
1:24:07 Speaker 01 Uh.
1:24:08 Caleb Hammer? How much a month?
1:24:09 Speaker 01 Let's say eighty-five.
1:24:11 Caleb Hammer? Okay. Anything else?
1:24:14 Speaker 01 Oh, and my phone bill. My phone bill is sixty.
1:24:16 Caleb Hammer? Well, you told me you the and what the fuck are you talking about? You told me the internet.
1:24:21 Speaker 01 That's for, that's for my daughter, but then I have my phone that I pay.
1:24:26 Caleb Hammer? Okay, maybe she does helium then. Sixty?
1:24:30 Caleb Hammer? It well, is her phone owned outright?
1:24:32 Speaker 01 Yes.
1:24:32 Caleb Hammer? Financed?
1:24:33 Speaker 01 No, it's owned outright.
1:24:34 Caleb Hammer? Okay, can you do helium? Fifteen bucks a month?
1:24:36 Speaker 01 Probably.
1:24:36 Caleb Hammer? And just T-Mobile's probably good in New York, right?
1:24:38 Speaker 01 Mm-hmm.
1:24:39 Caleb Hammer? Okay, we'll put fifteen in then for that. So, yeah, I mean, unfortunately, this does not work. But there is a good combination. Or there is a good solution combination. You guys need to get combined. We're gonna get you to call him and confess to him. In a more private setting than the post-show, you're gonna call, you're gonna confess all your debt, things you're hiding. And then you guys need to work to get on the same page because the reality is you are underwater by three hundred twenty dollars and with school and everything, it's gonna be hard to work extra hours. I don't know his income, but you guys have to combine and you need to start working to pay off this debt together. That is going to be the solution here because you cannot do this on your own. Other than that, it's letting things go to collections, your credit, you really care about that.
1:25:22 Caleb Hammer? I would definitely close the accounts because you have no ability to control having access to credit. You don't. Um, even if it hurts your credit score, it is okay. How much was the car worth? I think I missed that. Uh, you owe.
1:25:33 Speaker 01 Only like twelve, probably. I think the last.
1:25:35 Caleb Hammer? Sixteen is what we're getting, but you owe.
1:25:38 Speaker 01 Twenty-three.
1:25:39 Caleb Hammer? Yeah. So you could, I guess, if you qualify, maybe get like a.
1:25:47 Caleb Hammer? You owe twenty-three, but it's worth.
1:25:51 Caleb Hammer? Sixteen, ah, nevermind. I was gonna potentially do a little finagling with financing, but yeah, I think you guys need to confess. You guys need to sit down and really talk about the money. You need to understand what's happening here. Trying to think of resources I can connect you to. We love course careers. I give everyone a course career certification, but it doesn't,
1:26:15 Caleb Hammer? that's not your situation. I don't think there's anything else I can give. This is the budget app. Use that together. Go through the education, the debt class, the investing class, all this stuff. Use that. Go through it together and work together to pay off the debt. I don't know his income situation. I'm gonna have to know off camera on that fact, but that could be the way.
1:26:33 Speaker 01 Okay.
1:26:35 Caleb Hammer? That or you're just gonna have to go through bankruptcy or let it go, or go make more money by working a second job.
1:26:41 Speaker 01 I tried to do Amazon Flex, but, um, so like I check it every day to see what like offers are available, but a lot of them are.
1:26:49 Caleb Hammer? You're competing with a lot of people who want.
1:26:51 Speaker 01 Yeah, I was, and the ones that usually are available are like further from me. So by the time I get down there, all the gas and everything, it doesn't really.
1:26:59 Caleb Hammer? Okay. Well, your hammer financial score, spending or budgets, zero out of 10, you overspend, debt, no collections, but it is as bad as it gets with that. The balance versus your income, one out of 10. It's horrible. Emergency fund, give a zero because you don't have anything in there anymore. Retirement, barely started. I'll give you one out of 10. Dramatically behind real estate, zero out of 10. Hammer financial score gonna round you up to point five out of 10. All right. We're gonna call him in the post show. It's gonna be wild. Don't forget to download the simpler budget app, guys, and try it for free today. I'll see you guys in the post show. We're gonna call the husband. We are gonna confess all your sins.
1:27:34 Speaker 01 I have some things to confess.
1:27:36 Speaker 03 Oh, God.
1:27:37 Speaker 01 I have a separate spreadsheet that you don't know about that has all my credit card debt and my earning money that you don't know about.
1:27:47 Speaker 03 I thought the affirm was gone.
1:27:48 Caleb Hammer? They had to guess. How much debt does she have?
1:27:50 Speaker 03 What I was told was like $1,000. I did not want to do a joint checking account.
1:27:57 Caleb Hammer? Is the marriage financially, financially healthy if we literally cannot trust the other person financially?
1:28:02 Speaker 03 I mean, I'm not gonna lie to you, like, I'm kinda pissed.
1:28:05 Speaker 01 Yeah.
1:28:06 Caleb Hammer? To watch the financial audit post show, click the join button below.
Previous Childish Couple Won’t Stop Cheating On Each Other | Financial Audit Next She Had To Sneak Onto Financial Audit Page updated November 3, 2026 · transcript and summary are machine-generated