Pod Insights Financial Audit Someone Finally Snapped On Financial Audit About this episode ▶Her family is not aware of how much she owes her mom... so I call her sister and make her finally confront this INSANE situation, watch here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join
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Transcript 17,792 words · 3 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. If you could not find a food pantry, you would be starving.
0:05 Speaker 01 We don't know that.
0:07 Caleb Hammer? What's the alternative?
0:08 Speaker 01 Figuring it out. Is it not so bad to be homeless?
0:12 Caleb Hammer? I need to stoop this down to a 15-year-old level.
0:15 Speaker 01 You want to go ahead and baby me because you can't handle your emotions about how I'm responding? By all means, go ahead.
0:20 Caleb Hammer? A little penis!
0:21 Speaker 01 I mean, just saying. I need a break.
0:25 Caleb Hammer? All of our education is bundled together for 15% off with a 30-day money-back guarantee. Go to kalebammer.com/bundle or click the link in the description or pin comment below.
0:34 Speaker 01 Hi, my name is Avery. I'm 30 years old, from Colleen, Texas, and this is the Financial Audit.
0:40 Caleb Hammer? What do you do for a living in Colleen, Texas?
0:42 Speaker 01 I'm a nanny.
0:43 Caleb Hammer? Oh, okay, very cool. Okay, great. And how many hours a week are you working nannying?
0:49 Speaker 01 20 to 30.
0:50 Caleb Hammer? All right. Colleen, it's an interesting town in terms of cost of living. It kind of really varies. Military town, you can see low end, but you can also kind of see high end. Sometimes the market gets pushed up with like limited supply and a lot of people living there. How are you feeling living in Colleen on 20 to 30 hours a week? What's your hourly pay?
1:10 Speaker 01 $18 an hour. I feel pretty good. Coming from California to Texas, I could be doing better.
1:18 Caleb Hammer? Would you come?
1:20 Speaker 01 September last year.
1:21 Caleb Hammer? Okay, but if it's 24 hours a week, on average, 25 hours a week on average, it's $1,800 a month, not really what most people would consider.
1:34 Speaker 01 Oh, including an extra $125 a week because I do some extra things around the house as a nanny. I do like laundry.
1:42 Caleb Hammer? So cleaning as well. Oh, that kind of stuff. Oh, that kind of stuff.
1:46 Speaker 01 More like tidy, yeah.
1:47 Caleb Hammer? So an extra $180 a week?
1:49 Speaker 01 An extra $125 a week. So that's 500 a month.
1:52 Caleb Hammer? So 2,300. Well, how do you feel living on?
1:57 Caleb Hammer? That then, cause again, we're talking less than thirty thousand hours a year.
2:04 Speaker 01 From my history and where I've come from, I'm okay with it. Obviously, I know the possibilities of what I could be making, so I.
2:10 Caleb Hammer? How are you living? Are you in-house nanny?
2:12 Speaker 01 No.
2:13 Caleb Hammer? So how are you living though? Cause it is.
2:16 Speaker 01 I don't pay rent.
2:17 Caleb Hammer? How?
2:18 Speaker 01 I live with my boyfriend and he pays rent.
2:20 Caleb Hammer? Oh, much more sense, cause I wouldn't know how the possible you would be able to survive.
2:30 Speaker 01 Yeah, I would have to probably be able to.
2:32 Caleb Hammer? You guys move here together?
2:33 Speaker 01 I moved here and to live in with them.
2:36 Caleb Hammer? Okay.
2:37 Speaker 01 Yeah.
2:38 Caleb Hammer? Okay. Things are making much more sense. So that's how you feel. Okay. Do you have a lot of debt though, for someone that, you know, self reportedly feels okay?
2:47 Speaker 01 Yeah, you're right. I do.
2:49 Caleb Hammer? What hits your account?
2:50 Speaker 01 I'm saying I feel okay due to my history of like where I've come from. So like granted, it's not where it should be, maybe not the best, but I do feel okay.
2:59 Caleb Hammer? So what hits your account on a monthly basis, income wise? What hits your account?
3:04 Speaker 01 Definitely.
3:04 Caleb Hammer? Give me the average or was was I right?
3:06 Speaker 01 Five, yeah, twenty-five hundred.
3:08 Caleb Hammer? About twenty-five hundred?
3:09 Speaker 01 Yeah.
3:09 Caleb Hammer? All right. And what are we doing with the twenty-five hundred that comes in? What are we doing?
3:14 Speaker 01 Paying my bills and then blowing the rest. I'm like, whatever.
3:18 Caleb Hammer? But you're not paying your bills because we have debt.
3:21 Speaker 01 Uh, you're.
3:22 Caleb Hammer? Unless you're not considering paying down debt, paying your bills.
3:25 Speaker 01 Saying that, yeah, I'm not paying down my debt. What I am doing is paying my minimum. So my bills, I would say are my minimum monthly payments. That's what I calculate.
3:33 Caleb Hammer? Why not pay down the debts? What happens if you guys break up? How long have you guys been together?
3:37 Speaker 01 A little over a year.
3:38 Caleb Hammer? Cool. Well, that's pretty young in terms of relationship, at least these days. But if you guys break up, how are you gonna survive? You're not gonna be able to survive. You're not gonna be able to get rent to save your life. Good luck. It'd be fifty percent for a basic average place.
3:49 Speaker 01 Yeah, you could say that, or I would survive. Like, I think most people do figure it out.
3:55 Caleb Hammer? Yeah, there's also literally hundreds of thousands of people that live on the street. So it's not as easy as people just figure it out. Like a lot of things happen.
4:04 Speaker 01 It is that easy though.
4:05 Caleb Hammer? But.
4:06 Speaker 01 How do you, how do you get through life with obstacles, crises, like rocks, bumps in the road? You figure it out. Like maybe.
4:13 Caleb Hammer? Girl, I don't wanna ruin your little rainbow road real quick, but people literally die.
4:20 Caleb Hammer? All the time. People aren't just always making it to the majority, probably. But even still, life expectancy is low in certain areas. You put yourself in a bad situation. Force yourself through bankruptcy, go ahead and get a car, get repo.
4:31 Speaker 01 Really a bad situation is in at all perspective of like an individual's.
4:34 Caleb Hammer? Bad situation, getting a car, getting repo? In a non-walkable infrastructure area?
4:38 Speaker 01 I think people have to hit their bottoms, their lows in order to go up.
4:42 Caleb Hammer? You'd rather bottom.
4:44 Speaker 01 In certain situations, learning life lessons, a hundred percent.
4:48 Caleb Hammer? Well, why not learn it before you get, I'm so confused. Why would you? Come on.
4:52 Speaker 01 No, I'm being serious.
4:53 Caleb Hammer? I know, but why, sorry. Why? Why would you want to get to the bottom if we can already know what the bottom looks like? Why get yourself there? I don't understand the point.
5:04 Speaker 01 I don't think when making decisions that you're going, oh, I wanna like ruin my life. It's like, oh no, I want the Starbucks, I want the Target, I wanna go to the rave. And then it piles up and then you're like, oh shit, I am kinda like at a rock bottom financially.
5:17 Caleb Hammer? Of course, but you're not, cuz you are seemingly.
5:21 Speaker 01 But you're saying I could get to a worse, like a lower.
5:23 Caleb Hammer? Yes, yes.
5:25 Speaker 01 We don't know that. We don't know that for fact.
5:26 Caleb Hammer? No, we know you can for a fact. And then I. We don't know you will for a fact. We know you can for a fact, cuz other people are.
5:34 Speaker 01 Which would also.
5:35 Caleb Hammer? Not anything is possible. There are literally hundreds of thousands of people every year that get to a worse position, lose housing, lose their cars.
5:42 Speaker 01 Yeah.
5:43 Caleb Hammer? Get completely fucked.
5:45 Speaker 01 A hundred percent.
5:46 Caleb Hammer? But you're pretending like that's not possible, that people just figure it out. People don't just figure it out. People literally die.
5:52 Speaker 01 Sure, but we're talking about me.
5:53 Caleb Hammer? No.
5:53 Speaker 01 Talking about me, what would I be able to do in this situation?
5:56 Caleb Hammer? What would you be able to, okay, go ahead. You get laid. Dude, we're six minutes in. Why are we doing? Okay, go ahead. Uh, something happens. He dies. Let's just say that. So is that even a?
6:06 Speaker 01 No, pick another one.
6:08 Caleb Hammer? Well, I was just trying to pretend like your relationship didn't end. Okay, fine.
6:11 Speaker 01 Yeah, pick another one.
6:12 Caleb Hammer? You guys hate each other now. Wonderful. And you break up for whatever reason. What would you do? Two thousand five hundred dollars a month before any taxes?
6:22 Speaker 01 I mean, if we're being honest, I'd probably go back in love with my parents or see what my other options of jobs and live in any positions are. Like, I'm gonna find a way because I can't afford to pay rent on my own. I wouldn't get approved even for renting a place.
6:36 Caleb Hammer? So I would be okay with finding that other job. The thing about falling back on the parents, that is not inherently a bad thing to have a good support system. But again, we're talking about right now, you are specifically choosing not to pay off debt, specifically choosing not to get a fully funded emergency fund, particularly choosing not to get retirement so that you can go off to ego club, whatever the you do.
6:57 Speaker 01 Yeah.
6:58 Caleb Hammer? Instead of setting yourself up for a potential situation in case an emergency were happened because you're able to fall back on mommy and daddy.
7:09 Caleb Hammer? Do you not see how that's a little immature for a thirty year old? You're a year older than me, but you're acting like you're fifteen years younger than me.
7:18 Speaker 01 Do you really think that people get anywhere? Do you think people get anywhere without help from other people? Maybe, yes. Falling back on my family does not look like I'm gonna move forward. However, I don't think.
7:29 Caleb Hammer? Are you talking about?
7:30 Speaker 01 What I just said, do you get really anywhere in life truly on your own? You don't have help from outside people. You don't have information. You don't get connections. No, like, you're what? You're net.
7:40 Caleb Hammer? If we bring it down to the most granular detail, of course, we can make a thing. I wouldn't have been able to make a YouTube channel without the YouTube channel platform working or without it being existing.
7:51 Speaker 01 You're gonna talk about systems. I'm talking about people and maybe my people happen to be.
7:54 Caleb Hammer? I wouldn't have been able to start a YouTube channel without someone founding YouTube. Yes, but people are able to.
8:00 Speaker 01 Taking it far back. I'm talking.
8:01 Caleb Hammer? Exactly. I'm saying if I break it down to the most granular level, yes, I can say that. However, if we're just saying, can people make it with? Yes, many people have made it growing up in an orphanage without a family and never having a family. Many people have made it in a lot of situations with abandonment of parents. People have made it going from homelessness to multimillionaires. Of course, people can. Make it without other people that so you saying that literally no one else can make it without that is incorrect. Is it a lot harder? Of course, and I am not saying it is bad to have a support system. I am saying you are specifically choosing to not put yourself in any kind of situation of any kind of protection. If in any emergency would happen because you know mommy and daddy would take care of their thirty year old.
8:45 Caleb Hammer? Child if something were to happen instead of you being a reasonable, responsible adult. And taking care of your debt, getting an emergency fund and making sure you have a chance for retirement. What? What are you doing? What is this? What? You you disagree. You disagree with that somehow somehow. Me, we're ten minutes. Me.
9:05 Caleb Hammer? Go on, please.
9:06 Speaker 01 Do you need a break?
9:06 Caleb Hammer? No, no, bud. That's a pretty. I'm a little, I am upset because that is such an immature mindset that if everyone believed like you, we would just completely fail as a culture. So it's pretty upsetting.
9:19 Speaker 01 It is, I think, a little delusional. Sure. However, my delusional being positively delusional has maybe got me this far and maybe it's gonna look like.
9:30 Caleb Hammer? You rely on your boyfriend. If your boyfriend didn't exist, you wouldn't be able to survive. What are you talking about?
9:35 Speaker 01 Rely on him because he pays rent?
9:38 Caleb Hammer? As in the roof over your head, as in like the most basic minimum requirement to life besides food and water.
9:43 Speaker 01 If I wasn't with my boyfriend, then I would be paying rent on my own.
9:47 Caleb Hammer? But we just decided you would not be able to.
9:50 Speaker 01 In this situation in Texas, but before I was paying rent on my own, so I can't do it. California income, Texas income.
9:59 Caleb Hammer? Why is that translated? What what were you doing in California?
10:02 Speaker 01 I was a nanny.
10:03 Caleb Hammer? Okay, so in Colleen, why do you think you're making some? So what were you making in California?
10:09 Speaker 01 Thirty an hour.
10:11 Caleb Hammer? Okay, definitely a big hit there. Now, are you able to start? Can we pick up extra nanny on the side? But it's not an income situation. Again, you've already described your behavior. It's not that I need you to go make money. It's it's how you're managing your. I mean, this fucking this debt. Six hundred dollars went towards it, but it only actually went down by seventy dollars less than. Because you're spending, so.
10:36 Speaker 01 Probably like over the limit. So like does this like extra thing too?
10:42 Caleb Hammer? I like to get rage baited on Twitter oftentimes.
10:45 Speaker 01 What's that?
10:47 Caleb Hammer? Sorry, you're just rate, you're just faded into being raged. There's a lot of people on there that are endless victims constantly throughout their life and nothing is in their control ever, ever, ever. And a lot of people, what they say is essentially, it's like the most dangerous thing in the world to be like a single woman. Okay, cool. I mean, that's, I see a lot of that stuff. What you are doing, if you do become single though, because of your actions right now, you actually are putting yourself in a situation that is dangerous.
11:11 Speaker 01 Am I?
11:12 Caleb Hammer? You don't know what's gonna happen to mom and dad. They're not always gonna be here either. So if a relationship-
11:17 Speaker 01 The instance where then it goes, okay, you figure it out, right?
11:21 Caleb Hammer? That's not, that's not a reality.
11:23 Speaker 01 I don't understand how that's not a reality.
11:24 Caleb Hammer? How do you not understand? Because I have specifically said, and okay, let's just get some basis statistics.
11:33 Caleb Hammer? Right, amazing time for a software update, guys. The, Apple, thanks.
11:37 Speaker 01 Do you wanna just like start from the normal conversation?
11:40 Caleb Hammer? The normal conversation?
11:41 Speaker 01 Before we were supposed to get like-
11:43 Caleb Hammer? The fuck are you talking about? No, I think this is a very important part because like your entire life is revolving around you not having a mature worldview.
11:53 Speaker 01 What's your definition of mature?
11:57 Speaker 01 Well, you're gonna-
11:58 Caleb Hammer? One second, I'm looking something-
11:59 Speaker 01 Difference in opinions on that thing. Multitasking, not everything-
12:03 Caleb Hammer? Okay, it is, uh, no, not very well. It is your worldview of, I will just figure it out. Put yourself in such a dangerous position that you don't even understand. Cause I have had people on this show, I have had people on this show that they'd just be able to figure it out and then they're in hundreds of thousands of dollars in debt because they had no choice but to try to survive and then they end up getting I've had multiple people, people on the show that are approaching their sixties, hundreds of thousands of dollars in credit card and payday loan debt. And guess what? Not a chance of retirement to the name, they're gonna have to survive out of social security. Good luck ever being able to survive in any kind of world with no support system. Because their parents aren't alive at that point. What are they gonna rely on their kids? Is that their kid's burden? Morally, probably, but that's not fair because an immature adult didn't take care of things.
12:48 Speaker 01 I don't see, I don't, I'm here with your-
12:49 Caleb Hammer? Okay, let me give you the danger by actually finishing what I'm trying to do.
12:53 Speaker 01 Okay.
12:56 Caleb Hammer? About a year ago. Six hundred fifty three thousand one hundred people on just a given night weren't able to figure it out. In a given night, that was the number of homeless people in the United States on a random given night in twenty twenty three, according to the National Low Income Housing Assessment Report from HUD.
13:18 Speaker 01 And that's the danger is that I would be homeless because I would have too big of an ego instead of going back to my parents or finding a job that would actually provide housing because that would be so hard to do.
13:30 Caleb Hammer? It could be, you don't know, you haven't, you're thirty, no offense, we're basically the same age. We saw a little from the peripherals in our life, the Great Recession, but you and I have actually not lived through in the workforce what a real recession is like. You think job and income is always going to be there, that's not how it works. Then the Great Recession, what were we, eight percent unemployment? That is eight percent of people that were looking for jobs that were not able to get income. This is not a guaranteed thing and your parents being around is not a guaranteed thing. And if you continue that mindset and that life of being able to rely on the boyfriend, being able to rely on some magical job that's always going to exist and being able to rely on your parents always being around, that, those things are not a guarantee. I'm saying you not being able to take care of yourself and send yourself off for any
14:13 Caleb Hammer? emergency is the danger because you might end up as one of those six hundred fifty three thousand one hundred people that were given on a homeless on any given night, which was a twelve percent increase from the year prior, by the way. I want to give you free money right now. I've partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them. Check out my investing app of choice, Mu Mu, where they give you up to fifteen free stocks and eight point one percent interest on your uninvested cash when you sign up with my link. Do you want a more traditional savings account? Check out where I keep my emergency fund, SoFi, where they'll give you four point five percent on your money and up to three hundred dollars. Would you rather have automated investing? Sign up for Acorns with my link and you'll get twenty dollars right now instead of the usual five dollars you'd get from your friends referral.
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15:16 Speaker 01 I mean, who wants to be homeless?
15:17 Caleb Hammer? No one, but I'm saying it could be you. No, no, no, let me give you the danger part because that's a large amount of people.
15:24 Speaker 01 You just wanna scare tactic me into.
15:27 Caleb Hammer? Are you not, you're not scared of that? How is that not scary? It's not a scare tactic, it's basic reality.
15:35 Speaker 01 Maybe I'm just not afraid of that. I think there's scarier things.
15:39 Caleb Hammer? Because you've never experienced real struggle, obviously. You've never experienced real financial struggle. You've never experienced a real financial sacrifice. So why would you? You've never experienced it.
15:49 Speaker 01 Okay.
15:50 Caleb Hammer? No, you're just being annoying.
15:52 Speaker 01 I think I just disagree with you and it's frustrating that you can't get me to agree with you. Like, I hear what you're saying, like.
16:00 Caleb Hammer? The danger part, the danger part.
16:02 Speaker 01 But I'm just saying there's way more dangerous things and like what you're talking about is.
16:05 Caleb Hammer? Here we go, violent crime rate, violent crime rate for those violent crime rate, violent crime, violent, violent, violent.
16:11 Speaker 01 It's not in my reality. You want me to accept reality, but that's not my reality.
16:15 Caleb Hammer? It's not your reality cuz you haven't experienced it yet. Violent crime rate for those who are homeless.
16:19 Speaker 01 You want me to experience a reality that I haven't experienced that I could be afraid of experiencing it?
16:23 Caleb Hammer? Not setting yourself up for a basic thing that many people statistically go through. Why do you think you are out of the norm compared to a normal person? You don't know what life can give.
16:33 Speaker 01 I'm out of the norm.
16:34 Caleb Hammer? Then why do you, why the do you not think this is a possibility for you? If you are homeless.
16:38 Speaker 01 It is a possibility.
16:39 Caleb Hammer? You are homeless.
16:39 Speaker 01 Afraid of it, I don't see.
16:40 Caleb Hammer? You're talking about the danger. The danger is forty percent more likely to experience violent crime if you're a homeless individual versus not homeless. And if you don't set yourself up for any situation where you, in the worst of the worst situation, are able to put a roof over your head. Like many people who are having utilities cut off in the United States because they are not taking care of their shit, their choice or not. You are setting yourself up for that danger.
17:06 Speaker 01 What if, what if it all goes to shit anyways? Then the money doesn't matter, like those things.
17:11 Caleb Hammer? Oh, you're talking about societal collapse? Sure, fine. In the, in the point zero, zero, zero, zero.
17:18 Speaker 01 No, you go ahead.
17:20 Caleb Hammer? If society is collapsing, then there's no point to any conversation ever. But let's base, but let's base it on the statistical likelihood that society is gonna resume and maybe protect ourselves even slightly.
17:32 Speaker 01 Protect ourselves from the illusions that we have in our head that fear and danger is upon us if we don't.
17:37 Caleb Hammer? Hey guys, if you're not a moron like her, go to Calebhammer.com/apply and come on the show. I, this is, are you like?
17:45 Speaker 01 Being serious?
17:46 Caleb Hammer? Wait, hey, hey, question, why the did you apply to come on the show?
17:50 Speaker 01 Uh, because I need some help.
17:54 Caleb Hammer? Is she literally? Because are you like, are you kidding me? You applied to get help? And then the one thing I immediately tried to talk about on how you are dangerously not taking care of your finances. You immediate, we immediately have a 20 minute back and forth bull about it.
18:12 Speaker 01 Dangerously.
18:12 Caleb Hammer? So why did you apply for help if you aren't willing to listen to that most basic thing?
18:17 Speaker 01 You're telling me to be, I'd be afraid of the danger, not I'm in a dangerous financial situation.
18:22 Caleb Hammer? You are in a dangerous financial situation.
18:24 Speaker 01 Okay, that's different than being afraid because I'm gonna be homeless soon.
18:27 Caleb Hammer? I'm saying that could happen because of the dangerous financial situation you're in. How did you not understand that? Are you not capable of having that very flat brain comprehending the complicated airflow that is going over to you?
18:40 Speaker 01 No, I do understand that.
18:42 Caleb Hammer? I'm sorry, I'm now I'm just being insulting because you're pissing me off. I'm sorry. I shouldn't be insulting. That's not what this.
18:47 Speaker 01 No, it's okay. Go ahead.
18:49 Caleb Hammer? No, no, no, no. Where do you think you are in this world? By the way, finances, zero to 10, zero being the worst, 10 being the best. Where do you think you are? Where do you think you would land?
18:57 Speaker 01 I mean, if you're looking on a scale of me and my history of my finances.
19:02 Caleb Hammer? Your history, where do you think you are right now, dude?
19:04 Speaker 01 On a global scale, out of everyone?
19:06 Caleb Hammer? Zero being the worst, 10 being the best. I'm not talking about Sub-Saharan Africa, fucking Zika, but zero being.
19:11 Speaker 01 How does the perspective go into that? Is it me on my scale of finances? I'm doing better than I have done, so I would say.
19:17 Caleb Hammer? Really? You've been able to last with your boyfriend for a year somehow?
19:21 Speaker 01 Last?
19:22 Caleb Hammer? You, you guys have conversations?
19:24 Speaker 01 Conversations?
19:25 Caleb Hammer? And he has kept you around for a year?
19:28 Speaker 01 We don't look at each other.
19:29 Caleb Hammer? That's funny.
19:30 Speaker 01 Dude, yeah, we have conversations.
19:32 Caleb Hammer? And he's allowed you to stick around?
19:34 Speaker 01 Allowed me to stick around, like I am not a gift.
19:42 Caleb Hammer? Wait, you said five?
19:44 Speaker 01 I mean, yeah.
19:45 Caleb Hammer? Cause I'm not even gonna do it. If you want your hammer financial score, it's free, link in the description below. See where you are in the assessment of life.
19:55 Speaker 01 Are you gonna assess me and give me a number?
19:57 Caleb Hammer? Yes, at the end. Have you seen the show? You applied.
20:00 Speaker 01 I watch all the TikToks. They're good.
20:02 Caleb Hammer? Oh, good.
20:04 Speaker 01 What?
20:04 Caleb Hammer? Okay, so you just haven't seen the full thing. You don't even know what the full thing's about? Take the mic and pull it close to your face. You're soft.
20:11 Speaker 01 No.
20:11 Caleb Hammer? Delusional, but you're soft.
20:14 Speaker 01 Are you taking notes?
20:16 Caleb Hammer? Yes.
20:18 Caleb Hammer? Oh, my gosh. Um.
20:19 Speaker 01 I just wanna know. I thought your notes were in the book.
20:21 Caleb Hammer? We're sure you can take care of a child without it dying.
20:25 Speaker 01 Yeah.
20:27 Speaker 01 That's so funny. I'm clearly.
20:29 Caleb Hammer? You know what's not funny? Thirteen thousand, seven hundred.
20:33 Speaker 01 My job.
20:33 Caleb Hammer? Thirteen thousand, seven hundred, nine dollars and sixty-four cents on this credit card. Oh, I probably look like an asshole.
20:39 Speaker 01 Correct them, and do.
20:40 Caleb Hammer? Raging. Three hundred forty-three dollars is your minimum monthly payment. That's fucking insane.
20:46 Speaker 01 Just for a credit card?
20:47 Caleb Hammer? Wait, are you getting paid a nanny? Okay, so listen, I don't think you would have to pay too much in taxes if you reported. You even report your income? The taxes, what's your tax situation for last year?
20:59 Speaker 01 What do you mean? How much money did I make?
21:02 Caleb Hammer? How much should you say you made and how much did you pay in taxes?
21:09 Speaker 01 I don't know.
21:11 Caleb Hammer? That's not a number or really an answer.
21:15 Speaker 01 Isn't it? I don't know.
21:17 Caleb Hammer? How have you made it? How have you made?
21:20 Speaker 01 I mean.
21:20 Caleb Hammer? How, how were you able to drive down to Austin without crashing?
21:24 Speaker 01 I'm a good driver.
21:26 Caleb Hammer? What do you mean you don't know?
21:27 Speaker 01 Money doesn't have to do.
21:28 Caleb Hammer? Did you file taxes?
21:30 Speaker 01 I don't remember.
21:33 Caleb Hammer? Wait, buh buh buh buh buh buh.
21:34 Speaker 01 That happens like once a year and TurboTax sends me like these reminder emails.
21:39 Caleb Hammer? Okay, okay.
21:40 Speaker 01 And sometimes like I go, sometimes I've done it and they like auto fill. If I get like a piece of paper in the mail that looks tax things, I do that. No, there was no class on this, nor did I ever Google. I know, we all have access to Google.
21:57 Caleb Hammer? Oh, you've heard me say that?
21:58 Speaker 01 Yeah, I love the TikToks.
22:00 Caleb Hammer? Oh my gosh, you are actually a fucking creature. Okay. You're like somehow existing right now. I I like we're on a different plane of reality.
22:12 Speaker 01 So maybe our realities.
22:14 Caleb Hammer? Stop, stop. Don't try to say something cute.
22:17 Speaker 01 I'm going right with.
22:18 Caleb Hammer? No, I don't. I just don't want you to try to say anything cute. You're just brain rot to the max. You have, you do not know if you paid taxes last year.
22:27 Speaker 01 No, not how much.
22:29 Caleb Hammer? But do you know if you paid or filed taxes?
22:32 Speaker 01 I think I did.
22:34 Caleb Hammer? You think you did?
22:35 Speaker 01 For one of my jobs.
22:38 Speaker 01 I think.
22:38 Caleb Hammer? What?
22:39 Speaker 01 Cause like when I moved here, I got a job at a school in a gym and didn't like really last long. And like maybe.
22:48 Caleb Hammer? Why? Cause you couldn't operate in a conversation with a human probably, cause they're not just children.
22:53 Speaker 01 I didn't have a car at the time, so. Dude, I didn't have a car at the time, so.
22:59 Caleb Hammer? You laughing about not having a car?
23:00 Speaker 01 I was driving. No, you're what you said. And so I was riding a bike.
23:04 Caleb Hammer? It takes her thirty seconds to process.
23:06 Speaker 01 Yeah. So have a, I was riding a bike.
23:09 Caleb Hammer? Being mean.
23:11 Caleb Hammer? Go, go, go, go, go, go, go.
23:12 Speaker 01 I mean.
23:13 Caleb Hammer? Let's get through this. Let's get through this. Go, go, go. Just go.
23:16 Speaker 01 Let me. I was riding a bike and it wasn't really the vibe. So the school I was working at.
23:21 Caleb Hammer? Wasn't the vibe?
23:23 Speaker 01 Yeah, it wasn't.
23:24 Caleb Hammer? How have you made it this far in life?
23:27 Speaker 01 I'm literally trying to tell you, but you're saying it's not possible and that it's not a reality. And I should agree with you, but like I'm literally sitting in front of you like a walking.
23:36 Caleb Hammer? I'm sorry, please continue.
23:38 Speaker 01 My perspective.
23:39 Caleb Hammer? It's one, it's one of my bad traits that I interrupt a lot. Please continue.
23:42 Speaker 01 It's like interrupting chicken anyways. So I did not like riding the bike and I didn't know how to get to my second job. So I was catching an Uber. So I'd ride the bike to my first job at the school. I'd work all day, ride back, catch an Uber, go to my second job at the gym. And then like that just wasn't doing it for me. I eventually got a ride from a coworker to and from the school. And then I was in the rain one day trying to ride my bike. I didn't know how to get across the freeway or under. I said, it quit over the phone. So what was the question?
24:16 Caleb Hammer? What jobs did you file taxes to?
24:19 Speaker 01 So I had those two jobs. I possibly.
24:22 Caleb Hammer? They were W two'd, so probably.
24:24 Speaker 01 Maybe.
24:25 Caleb Hammer? But even maybe not for you, but I'm talking about this stuff. This isn't.
24:29 Speaker 01 Make more than, you have to make more than like five thousand or seven thousand.
24:33 Caleb Hammer? How much have you, wait, are you saying you didn't even make five thousand dollars last year?
24:38 Speaker 01 Well, I just had those jobs individually.
24:40 Caleb Hammer? Listen, this nanny stuff is not W two'd. So you have to claim this as income and pay it later. The taxes.
24:52 Speaker 01 When I figure.
24:52 Caleb Hammer? But you're saying you're, when you figure out, you could plug it into TurboTax. They make you do it. I'm not even advocating for them, but.
24:59 Speaker 01 Oh, there was an error in this. You need to redo it.
25:02 Caleb Hammer? Or call them and figure out what the to do or talk to a CPA? Yes, call email. Huh?
25:10 Speaker 01 I don't know that stuff.
25:11 Caleb Hammer? You don't know how to call customer support to a company?
25:13 Speaker 01 I do. I don't know to call or CPA or get help. Like TurboTax is like an app. I just see it as an app.
25:23 Speaker 01 Do you do TurboTax?
25:24 Caleb Hammer? Not anymore. We're, we're, we're beyond TurboTax life.
25:29 Speaker 01 Help me with whoever does your taxes.
25:31 Caleb Hammer? You get to si- sit down with a free financial advisor at Domain Money because you came on the show. And everyone in the audience also gets a free session if you use the link in the description below. But you could do that, so maybe start there. When's the last time you actually filed taxes for this nanny income? Because you were doing nanny income in California. When's the last time you filed taxes? Can you, can you please tell me?
25:50 Speaker 01 No.
25:51 Caleb Hammer? What?
25:52 Speaker 01 I'd have to know that. The last time I-
25:54 Caleb Hammer? When's the last time you confidently you filed taxes?
25:57 Speaker 01 Uh, when I worked at the casino, they gave me a W something.
26:02 Caleb Hammer? No, no, no, from the nanny income. Claiming the nanny. Have you ever claimed the nanny income?
26:07 Speaker 01 I-
26:08 Caleb Hammer? I'm certain you have. Okay, when? When's the last time you're confident you claimed to the government? You told them you, I'm making this much in nanny income.
26:15 Speaker 01 When I did the casino job.
26:17 Caleb Hammer? When was casino job?
26:21 Speaker 01 Twenty twenty two?
26:25 Caleb Hammer? Oh, so two years ago? So we probably haven't filed in two years for the nanny income.
26:29 Speaker 01 Yeah.
26:30 Caleb Hammer? Now that you have paid too much, your tax bracket's not substantial. I mean-
26:34 Speaker 01 I remember the first time I went to do this, I was like, oh, I didn't even make enough money to even file taxes, so not gonna do it. And then it was like, well, you just fly under the radar.
26:44 Caleb Hammer? It's not fly under the radar. You at least have to report what you are making. And then whatever bracket you fall into-
26:49 Speaker 01 That, it's like, okay, well, how do I do this? TurboTax, numbers. It's like a lot.
26:55 Caleb Hammer? State in California, which is a progressive tax system, so it would still be very little, if any. I don't know their tax brackets. I haven't lived there.
27:01 Speaker 01 I'm getting money back from doing my taxes.
27:03 Caleb Hammer? Probably, probably, but you also haven't claimed all your income. They probably thought you were much lower than, oh my- Okay, thirty minutes now and I haven't.
27:13 Speaker 01 Haven't what?
27:15 Caleb Hammer? I'm just trying to just like assess where you're at. And it's, uh-
27:19 Speaker 01 You have it all in front of you. Look at the papers.
27:21 Caleb Hammer? You need to get like-
27:24 Speaker 01 I think you need to like tone it down. That probably was inappropriate.
27:28 Caleb Hammer? I don't give a shit about inappropriate. I will be the most inappropriate person in the world. My audience is not filled with a bunch of performative pearl clutches.
27:37 Speaker 01 Pearl clutches?
27:38 Caleb Hammer? Yeah, try to say it again.
27:40 Speaker 01 Pearl crushers, crushers. What'd you say? That's what I'm trying to get at. What is that?
27:45 Caleb Hammer? Okay.
27:46 Speaker 01 Okay.
27:46 Caleb Hammer? There you go. Yeah, once you make uh up to eleven thousand dollars, which you make before that, but for the income you make up to eleven thousand six hundred, you have to pay ten percent uh of that, your income, and then you don't make up to forty seven thousand, but for everything above that eleven thousand six hundred and one dollars, you'd have to pay twelve percent of that income in federal income taxes.
28:06 Speaker 01 Okay.
28:06 Caleb Hammer? You don't have any child, so you don't have any child tax credits. You do have standard deductions, and in the standard deductions, would you owe much? Probably not. Uh, in your income scale, if any, you might get some back, you might not, but you still have to-
28:16 Speaker 01 A bunch of words I don't know, like really fast. You gotta like really break it down here.
28:20 Caleb Hammer? I don't know if we're gonna be able to like get through this then, cuz I mean, this is kinda basic stuff. They did at least teach this in school. In terms of like you have to pay taxes at some point.
28:31 Speaker 01 I went to private school.
28:32 Caleb Hammer? Then they really should've.
28:34 Speaker 01 I don't remember.
28:35 Caleb Hammer? You come from wealth?
28:36 Speaker 01 Hmm, I wouldn't say.
28:38 Caleb Hammer? Private school's not cheap.
28:39 Speaker 01 I don't know. I would say my parents are middle class.
28:42 Caleb Hammer? You went to private school?
28:43 Speaker 01 Yeah, I came through college.
28:45 Caleb Hammer? Came through college?
28:46 Speaker 01 Yes, sir.
28:47 Caleb Hammer? Did they pay for college?
28:49 Speaker 01 Well, partially, yeah.
28:52 Caleb Hammer? In my books, they're fucking rich, okay?
28:55 Speaker 01 Okay.
28:56 Caleb Hammer? Are you kidding me? Private school? And you came out like this?
29:01 Speaker 01 Pretty good.
29:01 Caleb Hammer? Are you taking this seriously?
29:03 Speaker 01 As serious as I could take finances.
29:06 Caleb Hammer? Then why'd you come on the show? Cuz you seem like a- No, cuz everything we've talked about so far, you're fighting. Do you not understand that?
29:15 Speaker 01 No, I do understand that. What we're fighting and arguing about is like our perspectives of the things and like literally the words and the things you mean by it.
29:22 Caleb Hammer? No, I'm just trying to get if you've paid fucking taxes. That's not a perspective thing.
29:26 Speaker 01 I don't know. I told you that.
29:27 Caleb Hammer? I know.
29:28 Speaker 01 I'm not hiding it. I don't know if I've paid taxes.
29:30 Caleb Hammer? In the last two years.
29:31 Speaker 01 Four times since I started working in two thousand and seventeen.
29:34 Caleb Hammer? Yeah, now we know you come from a very privileged background.
29:38 Speaker 01 Yes.
29:38 Caleb Hammer? And it's showing immensely.
29:41 Speaker 01 Very good.
29:41 Caleb Hammer? Cuz you've never had to put any work into anything or sacrifice anything ever in your life, nor witness anyone.
29:48 Speaker 01 I would disagree with that.
29:48 Caleb Hammer? What have you sacrificed?
29:50 Speaker 01 I'd
29:51 Caleb Hammer? Go ahead.
29:51 Speaker 01 Say about the sacrifice. I have
29:53 Caleb Hammer? Of course not.
29:53 Speaker 01 For things.
29:54 Caleb Hammer? Yeah. What's your hard work? Go ahead.
29:56 Speaker 01 Well, first off, I do watch children happen doing that since
29:59 Caleb Hammer? Twenty five hours a week. Okay, go on.
30:01 Speaker 01 Maybe for you, you're very smart, but for me, high school was difficult. College was difficult.
30:06 Caleb Hammer? Actually.
30:07 Speaker 01 I made it through, got those degrees. Not everybody.
30:09 Caleb Hammer? Hey, I don't have a college degree.
30:11 Speaker 01 Okay, so I
30:12 Caleb Hammer? I suck at school. The format of school does not vibe with me.
30:16 Speaker 01 Doesn't vibe with me either.
30:17 Caleb Hammer? Okay.
30:17 Speaker 01 But I did it.
30:18 Caleb Hammer? I'm not crying about it. Go ahead.
30:20 Speaker 01 Crying about it either. However, I'm saying I have done hard things.
30:22 Caleb Hammer? That's your hard things is going to school for sake. Okay. Yeah. You've never experienced anything. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space online. We have our budgeting program where I teach you how to create, manage and revolutionize your budget and control your money. And then there's the investing program where I teach you to define what investing profile applies to you and your life. And then teach what specific investing strategies applies to you in that situation. And now finally, we have our debt program where I teach you the best ways to pay off debt, manage debt and even take advantage of good debt.
31:04 Caleb Hammer? This has been a revolutionary project that we've been working on for over a year now. And just like over 10,000 people who've already taken our educational programs, you can now take advantage of all three of them bundled together at a 15% discount. I've heard from thousands of people now who've taken these classes and they've literally changed their lives for the better. And finally, you can too at a more affordable price. Head to Calebhammer.com or click the link in the description below. You will not regret this. You've never experienced difficulty. Wow. A structured system where I had to take classes. That was my hard work life.
31:39 Speaker 01 Oh, well, if you don't want to go to college and it's something that you are required to do, have to do. Doing something you don't want to do is hard. It takes, right? Like, in my opinion, you have to have the will to keep doing it, knowing you don't want to do it. And you can walk away at any moment. You could walk away at any moment and quit 100% and I didn't. So.
32:01 Caleb Hammer? Sounds so privileged.
32:04 Caleb Hammer? Is that funny?
32:06 Speaker 01 I do find it funny that you're grossed out that I come from privilege.
32:10 Caleb Hammer? No, no, no, no, it's looking at you right now. Again, the reason why, and this kind of stems back to our first conversational point now, it's all coming together. For me and likely the audience as well. All this that you're saying, it makes so much more sense that you have no fear about what can happen if you don't get to a basic financial security point, because you've had nothing but privilege. You've never experienced real hardships in life. You've never experienced real struggle. And because of that, you don't know what it can be like. You don't know what it's like on that other side.
32:40 Speaker 01 How do you think that any individual goes through life and doesn't experience their own version of struggle and hard?
32:46 Caleb Hammer? Yes, but your version is light. Your version is life light. Easy, it's diet life.
32:54 Speaker 01 Light? Is that what you're saying? Like it's an easier route?
32:58 Caleb Hammer? Yes.
32:58 Speaker 01 So pain for you.
32:59 Caleb Hammer? Objectively.
33:00 Speaker 01 Well, no, pain for you and pain for me might be unsure. We're comparing them. Yours might be worse than mine, but we're both experiencing pain like if sadness.
33:12 Caleb Hammer? This isn't a trauma competition. No one's saying that. But you cannot compare getting foreclosure notices on your house growing up to getting, having to go through private school and taking quizzes. If you are putting those on the same level.
33:25 Speaker 01 Them, but you're comparing them. I'm saying, don't compare them.
33:27 Caleb Hammer? I'm moving on, I'm moving on. This is so pointless. This is so stupid and pointless.
33:31 Speaker 01 But you asked me a question, I'm giving you my answer and you don't accept my answer.
33:35 Caleb Hammer? No, I don't, because it's fucking bullshit.
33:36 Speaker 01 Okay, well.
33:37 Caleb Hammer? As easy as it can possibly be.
33:40 Speaker 01 If I don't know how you want these conversations to go. Do you want to keep asking me questions and me lie to you? Like, do you want me to give you the answer you want? Because I'm, I'm telling you genuinely what it is for me and my perspective.
33:50 Caleb Hammer? No, it's your, it's your inflexibility. You can have a delusional answer, but if I can at least get you to the point of a relatively decent worldview on why you should have an emergency fund, as simple as that.
34:01 Speaker 01 Okay, I can agree with you that I need an emergency fund. However, the fact that I haven't had one and don't have one, I'm going to tell you my rationale and the reasoning why. And at the end of the day, I probably still don't agree that you need those things. The end of the day, you need sunlight, water, food.
34:20 Speaker 01 Right?
34:21 Caleb Hammer? I hope for your sake in your life, your parents cut you off at some point.
34:28 Caleb Hammer? This is the most privileged take I've ever heard. It's gross, it's immature. Yes, the fact that you think you don't need an emergency fund, absolutely. Because you've been nothing but babied your entire life, absolutely. Cause you have a little prettiness, your boyfriend's taking care of you. Because your mama and daddy's little girl, they've always taken care of you. You've never had to deal with anything. I'm done with this. Thirteen thousand, seven hundred nine dollars on here, three hundred forty-three dollar minimum payment. A substantially large minimum payment. Again, two thousand five hundred is what comes in. We don't say anything aside for taxes. Not that much would be owed in the end anyway, but we know that you are in tax brackets, tax brackets that have to owe money, but with standard deduction, who knows what you would actually have to pay in the end. But even let's just say two thousand two hundred fifty is what you have left.
35:14 Caleb Hammer? Currently, this minimum payment is over fifteen percent of your income. One minimum payment on one card. So what do we do as a responsible adult who is trying to take care of ourselves in any way whatsoever? Of course, we make, you know, double the minimum payment, but then we purchased two hundred seven dollars and seventy-two cents. Well, three hundred and twenty-two dollars of interest is accruing, meaning even though we put six hundred eight dollars towards it. Only sixty-nine dollars actually went towards it. Guess what? You only do the minimum payment on this card and you don't purchase anything, which is by the way, better than what you're doing currently. Cause you're still purchasing on it, but let's just say you do that. How long do you think this takes to pay off?
35:56 Speaker 01 If I did.
35:57 Caleb Hammer? Only the minimum payments and you don't purchase. Oh, she figured that one out.
36:03 Speaker 01 Um, five years?
36:04 Caleb Hammer? Okay, fifty-seven years.
36:07 Speaker 01 Oh shit.
36:08 Caleb Hammer? Yeah, and you're not living till then, so.
36:13 Speaker 01 Well, then maybe nothing to worry about.
36:20 Caleb Hammer? Why? Because it's gonna be so long that it doesn't matter?
36:23 Speaker 01 Yeah.
36:26 Caleb Hammer? Then, then again, why come on the show? Like if that, if that's your mindset.
36:32 Speaker 01 The possibility of another route than the route I'm taking and going on.
36:37 Caleb Hammer? But that route doesn't scare you? You don't care that you would have to pay a minimum monthly payment on here? Of a substantial part of your income because you barely make anything?
36:45 Speaker 01 Does the possibility of different realities scare me? No.
36:49 Caleb Hammer? Huh? No, no, no.
36:51 Caleb Hammer? Of a different, no, this is your reality, but that doesn't scare you, that basic fact?
36:56 Speaker 01 No. I don't know why.
36:59 Caleb Hammer? Then what's the point of this? I'm not talking about fear.
37:02 Speaker 01 Because the possibility of being able to do more of what I want and I really wanna have children.
37:09 Caleb Hammer? You wanna have?
37:11 Speaker 01 Yeah, I've been.
37:14 Caleb Hammer? Guys, launch the nukes.
37:15 Speaker 01 Building the skills.
37:16 Caleb Hammer? Nukes.
37:17 Speaker 01 Uh, since twenty seventeen, I've been a nanny.
37:19 Caleb Hammer? You've been what?
37:20 Speaker 01 A nanny. Building the skills, like.
37:22 Caleb Hammer? Oh, I heard Skittles. I was so confused. Okay. We're good. So fifty-seven years doesn't scare you? Because you have a relatively decent chance within the next twenty years of drowning in a glass of milk or something. And by the way, the entire, the, the entire thing you would be paying is a hundred twenty-three thousand dollars.
37:41 Speaker 01 Okay.
37:42 Caleb Hammer? So ten times your balance on here. You'd be paying that in total if you only did minimum payments without purchases, which is better than you're currently doing. What are we purchasing? Amazon, Amazon, Amazon. Went inside some Target, got something down. It's groceries. I bet you haven't even seen a vegetable. Be scared. You think it's for horses? Starbucks.
38:04 Speaker 01 I am a vegetarian, so it is actually mainly.
38:07 Caleb Hammer? Actually, I, well, I could see that. Yeah, it's all coming together. You sure you're not a vegan?
38:11 Speaker 01 I have been, but now.
38:13 Caleb Hammer? Mm-hmm. Bite the bagel, Starbucks. Went inside and got some bowl from the gas station. What'd you get for seventeen dollars eighty-one cents? Inside, inside this one gas, you went inside.
38:22 Speaker 01 Inside the gas station.
38:23 Caleb Hammer? Yeah, oh yeah, you went inside. Got some gas station vegetables.
38:26 Speaker 01 No, oh, White Claws.
38:29 Caleb Hammer? Of course.
38:30 Speaker 01 Yeah.
38:31 Caleb Hammer? Now pull up your Amazon for me. Let me see what you got.
38:33 Speaker 01 Well, to be fair, it is uh not just my Amazon, so it will not just be my purchases on here.
38:40 Caleb Hammer? Okay. Are you sure when you think you are showing up to take care of children that you are not actually being put in that group to be taken care of?
38:50 Speaker 01 A hundred percent. I am definitely the one in charge. I have.
38:56 Caleb Hammer? Unless that is what they have told you.
38:58 Speaker 01 Who told me?
38:59 Caleb Hammer? Are you sure it's not a Shutter Island type of situation?
39:01 Speaker 01 I would have had to seen that movie to know what you're talking about, but uh.
39:06 Caleb Hammer? You would have been lost immediately, so don't worry. No, I'm just being mean. Stop it. Stop it.
39:12 Speaker 01 The thing is, you're being mean and I'm not catching it. I think you're just.
39:16 Caleb Hammer? I know.
39:16 Speaker 01 Facts. It's going over my head.
39:18 Caleb Hammer? Stop it, please. You can't. Don't do this. You can't do this. We got a drink mix, some woman balance. We're balancing out our womanhood, uh nutrition oat or nutrient oat. Hydro sensitivity, some out razors, um. Gosh, it's all supplements and. Oh, wait, cat treats. And then, yeah, it's just, it's either cat treats or fucking supplement and protein.
39:46 Speaker 01 Um, my mom's purchases.
39:48 Caleb Hammer? What are yours? Cause we had a few hundred bucks spent on Amazon in here. What did you get?
39:53 Speaker 01 Did I buy? Oh, I got protein powder. I got creatine. I got a scale and like uh one of those food scales, like a smart.
40:02 Caleb Hammer? So literally the stuff I called down to you like, no, they're only my mom. Okay.
40:05 Speaker 01 Well, the ones you said, yeah, those.
40:06 Caleb Hammer? Yeah, I did a twenty seven point seven four percent interest rate.
40:10 Caleb Hammer? Well done.
40:11 Speaker 01 Thank you.
40:13 Caleb Hammer? You don't like classes, so even if I give you our debt class, investing classes, if you're not gonna take it, you'll see the first quiz.
40:19 Speaker 01 I know I don't.
40:19 Caleb Hammer? Cause you'll take the first quiz, cause you, you, you said your big struggle in life is you had to go through school. You're gonna see the first quiz and you're gonna run away to mom and dad crying. You guys can get all our programs for fifteen percent off bundled and actually take it unlike her. She'll get them. She probably won't figure out how to open it in her email address. I'm being mean. I'm being mean.
40:39 Speaker 01 Maybe I'll just call the support line?
40:41 Caleb Hammer? We don't have a support line. It's a support email.
40:44 Speaker 01 Oh, well, maybe you could have someone.
40:47 Caleb Hammer? We are not a multi-million dollar company. We are trying our best here to do what we can do. CarMax, so we have a car. This is your car that you brag about that you're able to drive. Very proud of you.
40:59 Speaker 01 Thank you.
40:59 Caleb Hammer? Glad you're able to make that. See, there it is. Do you understand that I'm insulting you right now? When I say that?
41:05 Speaker 01 Well, you might be insulting you, but what I'm hearing is different. Like, I can drive a car.
41:11 Caleb Hammer? I think I need to reassess this conversation for the productive sake. I have been treating you like a genuine adult and just like, like insulting you because adults shouldn't have that. But I think I need to stoop this down to a fifteen year year old level. Instead of making jabs at you, I think I just need to fucking baby you through this. Because I don't think you can.
41:30 Speaker 01 If that's what is better for you, by all means, go ahead.
41:33 Caleb Hammer? Okay, they they they're saying I should back it up to at least ten years old.
41:39 Speaker 01 As you need. Go ahead.
41:41 Caleb Hammer? Uh, no, for for the sake of you and for the sake of the video too. So it's not a waste of everyone's time.
41:45 Speaker 01 No, I'm being genuine.
41:47 Caleb Hammer? I know you are, and that's why I'm saying, and that's why I'm saying I need you to back it down.
41:51 Speaker 01 Okay.
41:52 Caleb Hammer? And no longer treat you as an adult. Treat it like we're in grade school. Can we have some grade school music playing, Mika, please? I think we need this. And this is uh, and Cocoon Melon Financial Audit Hour. Should we animate this section?
42:07 Speaker 01 That would be sick.
42:09 Caleb Hammer? So this car, what is this? What is this car that you have that you?
42:13 Speaker 01 I have a Chevy Trax LT.
42:16 Caleb Hammer? Wonderful. What year?
42:18 Speaker 01 Twenty eighteen? I don't know.
42:20 Caleb Hammer? You don't know?
42:22 Speaker 01 I'm not sure. I got it last year.
42:24 Caleb Hammer? Okay.
42:25 Speaker 01 It drives.
42:26 Caleb Hammer? I made it thirty seconds into trying to be nice. I can't.
42:29 Speaker 01 No, you're doing a really good job. I'm enjoying it.
42:35 Caleb Hammer? Let's say twenty eighteen.
42:36 Speaker 01 Works for me.
42:39 Caleb Hammer? Twenty eighteen Chevy trucks.
42:41 Speaker 01 LT.
42:42 Caleb Hammer? Okay.
42:43 Speaker 01 Yes.
42:45 Speaker 01 You have good self restraint.
42:46 Caleb Hammer? Sixteen thousand four hundred thirty six dollars on here. It's at a fifteen per- it's at a fifteen percent interest rate.
42:52 Speaker 01 Yeah, I I applied and got approved, accepted all by myself. So did it by myself. Thank you.
43:00 Caleb Hammer? Shake my hand. I'm very proud of you. Well done. This is so good. You've done such a good job, sweetie.
43:07 Speaker 01 Oh.
43:08 Caleb Hammer? Okay, I'm treating you like your parents.
43:10 Speaker 01 Oh, good job.
43:11 Caleb Hammer? Which actually hasn't helped you, so maybe we shouldn't do this?
43:14 Speaker 01 You wanna go ahead and baby me cuz you can't handle your emotions about how I'm responding. By all means, go ahead.
43:19 Caleb Hammer? Oh, a little
43:22 Speaker 01 I mean, just saying.
43:24 Caleb Hammer? Hmm.
43:24 Speaker 01 I didn't have a problem with your reactions, but you were having a problem. I think
43:28 Caleb Hammer? No, I just felt like you weren't getting anything from it, which is what made me concerned.
43:33 Speaker 01 Saying, but I'm responding as the way I'm gonna take it, right? Like, you're gonna
43:37 Caleb Hammer? Why? Why not try to learn anything? What's wrong with trying to learn anything?
43:40 Speaker 01 Job and be like, actually, like, that is really actually a compliment. Like, you're not saying it that way, but I took it as a compliment.
43:46 Caleb Hammer? What is wrong with walking away from what someone has ever told you and just like potentially embracing it? I'm an absolute dumbass in ninety nine percent of life. I'm pretty good at this part cuz it is something I self taught and learned from a lot of other people. If I am a dumbass at something, like cooking, for example, maybe I should listen to what Chef Jake over there. Maybe I would listen to him instead of be a defensive little when he tries to tell me anything, okay?
44:13 Speaker 01 Oh, the ten year old went out the window.
44:15 Caleb Hammer? No, it's done. It's done.
44:17 Speaker 01 Okay.
44:17 Caleb Hammer? It's done cuz you start to be in a so I'm gonna treat you like a adult, okay?
44:24 Caleb Hammer? I don't know what I'm doing here. I'm losing it. Are you feeling overwhelmed by your financial future? Whether it's planning for retirement, saving for a home, or managing your investments, navigating these decisions alone can be really stressful. In fact, seventy percent of Americans report feeling anxious about their finances. And as someone who lives and breathes financial education, I understand why. That's why I want to introduce To domain money unlike traditional financial advisors who charge ongoing fees that can eat up to 25% of your returns over 30 years domain money operates differently they charge a one time flat fee ensuring their focus stays on building your long-term wealth now that I'm
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45:47 Caleb Hammer? investments and identify tax saving opportunities I hadn't considered if you're ready to take control of your financial future visit domain money.com slash Caleb or click the link in the description to book your free strategy session Caleb Hammer is a current client of domain money and has received cash for a free plan as compensation for this endorsement therefore has an incentive to promote domain money see important disclosures at dmnmny.com slash co slash X no no I'm just losing it so I would listen to him instead of being a defensive person okay you're allowed to listen here
46:23 Speaker 01 I will listen
46:24 Caleb Hammer? yes but you're you're allowed to absorb it and potentially change your mindset that's what I'm saying that's what an adult does when confronted with new information even if it challenges the worldview
46:33 Speaker 01 takes time right you're talking to me in real time while I'm processing the things you're saying and then what I have to sit on it so at first like I'm giving you my genuine response my genuine answer
46:43 Caleb Hammer? 2025 the year of not kicking off gas 2025 the year of not kicking off gas 2025 the year of not kicking off
46:48 Speaker 01 It is 2024 still
46:50 Caleb Hammer? You're uploaded in 2025 I'm trying to change things in the mood of the Christmas spirit
46:56 Caleb Hammer? 15% interest on here
47:02 Caleb Hammer? Do you know that that is bad?
47:04 Speaker 01 Yeah.
47:05 Caleb Hammer? You do know that?
47:06 Speaker 01 Well, I've heard that it's supposed to be lower. But when you look at my credit cards.
47:11 Caleb Hammer? Like what number? Yes, of course.
47:12 Speaker 01 I've heard like, well, possible five to ten, three to ten. Am I getting closer? There's no way.
47:21 Caleb Hammer? The first numbers you were saying, no, no, no, if we're like under four, five, okay.
47:29 Speaker 01 Well, those people probably have a good credit score or like maybe a cosigner.
47:33 Caleb Hammer? It's not just about that. It's just about under.
47:35 Speaker 01 Money down.
47:36 Caleb Hammer? Okay, it's not, I'm not even just talking about that. Good credit score or what to achieve.
47:40 Speaker 01 Number.
47:40 Caleb Hammer? Oh, my, I'm just trying to make sure you understand what is a considered a good and not good interest rate. Okay?
47:50 Speaker 01 Okay.
47:50 Caleb Hammer? I'm just trying to get you to understand that.
47:52 Speaker 01 Mine is not good.
47:53 Caleb Hammer? Yours is not good, but again, I wanted to ask you what you consider good and you're saying even up to ten percent. No, no, no, no, no, no. If we are like six percent or up, absolutely not.
48:02 Speaker 01 Okay.
48:05 Speaker 01 Mine is not good. How can I get it good?
48:08 Caleb Hammer? It's less about that. I just wanted to make sure. I don't think you can because your credit score is not great and interest rates are not fantastic right now. Okay, but the four hundred thirty five dollar minimum monthly payment is very scary for your situation. Very scary.
48:23 Speaker 01 Explain.
48:23 Caleb Hammer? Okay, this is like if you woke up and you couldn't find your sippy cup. It's very scary.
48:32 Caleb Hammer? Uh huh, and you have to call mom and dad. It's like that. Very scary.
48:36 Speaker 01 Okay, I'm super scared.
48:38 Caleb Hammer? Does that make more sense?
48:39 Speaker 01 Totally. I'm really scared.
48:42 Caleb Hammer? You disgust me. Okay.
48:45 Caleb Hammer? What is the term on this? Do you know? Oh, okay, till the end of the decade. Wonderful. Good. When she's thirty five.
48:55 Speaker 01 Isn't that normal? Isn't a five?
48:58 Caleb Hammer? There's a difference between normal and good and bad. The normal American is, the normal American has a car payment in the six hundreds. The normal American is getting a new car every few years. The normal American is drowning, credit card debt, the normal American doesn't, can't afford a thousand dollar emergency. Normal. I don't want you to be normal. I want you to be doing better because you, no matter how much you piss me off and no matter how not intelligent in this world you are and how you survive them beyond concerned, but either way, no matter all that, you are still a human being that exists, which means I want you to do well. So I don't give a about normal. I want you to do better than them.
49:40 Speaker 01 So we need good, good percentage, good numbers.
49:45 Caleb Hammer? I need you to do well. Yes. Bank of America.
49:49 Speaker 01 Yes.
49:50 Caleb Hammer? Credit card. What are you smiling about? Just a happy little creature? Okay. Bank of America.
49:57 Speaker 01 You're looking at a credit card statement? I do um pay Green Path Wellness Financial, something like that. A monthly payment and they actually pay all my, the rest of my credit cards. I only pay the Discover.
50:10 Caleb Hammer? Hold on.
50:10 Speaker 01 And then the other four.
50:11 Caleb Hammer? You're in a debt.
50:14 Caleb Hammer? Why am I blanking on it?
50:15 Speaker 01 Consolidation.
50:16 Caleb Hammer? Not consolidation. You're in a debt, like negotiating.
50:19 Speaker 01 Something like that.
50:20 Caleb Hammer? Oh, I'm blanking on the term. Great time to blink on the term. I think your brain is.
50:27 Speaker 01 Can't blame me.
50:27 Caleb Hammer? Wearing off on me.
50:28 Speaker 01 Can't blame me.
50:30 Caleb Hammer? Okay, well, so walk me through this again. So you, you, so you.
50:34 Speaker 01 I pay them.
50:35 Caleb Hammer? Yeah, who again? What are they called?
50:37 Speaker 01 Path, Green.
50:38 Caleb Hammer? Okay, so we're not thinking about Bank of America anymore. We're talking about Green Path.
50:41 Speaker 01 I guess not really, no, because the rest of my four credit cards.
50:44 Caleb Hammer? How much do you pay Green Path on a monthly basis?
50:46 Speaker 01 One seventy one.
50:47 Caleb Hammer? And what do you owe to them overall?
50:49 Speaker 01 Don't know.
50:51 Speaker 01 If I had to guess, maybe ten.
50:52 Caleb Hammer? I don't trust your guess. You're not a reliable narrator on anything that involves a number.
50:56 Speaker 01 How do you know? Did I even give? Have you asked me numbers, questions?
51:00 Caleb Hammer? Taxes.
51:00 Speaker 01 Percentage? Oh, yeah.
51:01 Caleb Hammer? Basic stuff.
51:02 Speaker 01 About that.
51:03 Caleb Hammer? Okay, so this card is now with Green Path. They're now dealing with this. They are making the payment for you.
51:09 Speaker 01 Yes.
51:09 Caleb Hammer? So the issue with a lot of these, and there's some good ones, there's some bad ones. I support good ones in the right context. I don't know if you have the right context, because you probably didn't fix your behavior. Remember the behavior that got into this credit card debt in the first place? You probably are not addressing that before you're doing this, which means you're gonna fuck yourself again. But either way. Okay, so I'm okay with some of those negotiating companies, but the thing is, for some of them, like bad ones, that might prey on people who are not that smart. They might have so much ba- so many baked in fees and that you're literally potentially losing even more money than if you're just doing your credit card payments. You already know you are? Why'd you do it then? What the are you talking about?
51:50 Speaker 01 Well, I didn't know until after I already did it.
51:52 Caleb Hammer? You can usually, you can sometimes back out of these programs. Have you tried to reach out to them? I know phone numbers are difficult.
51:57 Speaker 01 No.
51:57 Caleb Hammer? Okay.
51:59 Speaker 01 No, I didn't try to reach out because it's already like set in stone.
52:02 Caleb Hammer? See what you can do. I don't know about Green Path.
52:05 Speaker 01 Okay.
52:06 Caleb Hammer? See what you can do. I mean, you've paid two hundred fifty dollars in interest in this year. Capital One, is that in Green Path? Okay, so the Capital One was a one four. Well, why was that in Green Path? It's a one fourteen. You could have paid that. It's less than your minimum payments on everything we talked about so far.
52:19 Speaker 01 Yeah, hundred percent. At the time, though, I was in a transition, no job. So it was just like, sweet, got it all moved to one.
52:27 Caleb Hammer? Did you basically have no job?
52:30 Speaker 01 Uh, technically, I do have a job.
52:33 Caleb Hammer? Yeah, technically, according to the government, you don't, because you're not claiming your income. So I don't know what the you're talking about.
52:39 Speaker 01 Well, not yet.
52:40 Caleb Hammer? Yeah, two years? Yeah?
52:42 Speaker 01 How to do my taxes, hopefully after the show, and then I'll do what you do.
52:47 Caleb Hammer? I know we're gonna sit you down with those people, but what would you have done without that? Because you haven't figured it out thus far.
52:54 Speaker 01 Then the opportunity when it arise would have arisen.
52:58 Caleb Hammer? What?
52:59 Speaker 01 Right?
53:00 Caleb Hammer? What?
53:01 Speaker 01 It's all.
53:02 Caleb Hammer? What even is that? What even is that? It's a phrase or a mindset.
53:05 Speaker 01 Dude, it all plays out how it's like supposed.
53:07 Caleb Hammer? Oh, fuck. Whoa, the mo- I hope you don't get any. If, if your parents dying, you don't have an inheritance and your boyfriend becomes.
53:16 Speaker 01 Why is it that my parents have to die? Why do you keep talking about people dying?
53:19 Caleb Hammer? Because life happens and people die. I'm sorry, it's not the happy part of things. But if they die and you do not have an inheritance and your boyfriend can't deal with this anymore, you are literally not going to survive. There is no chance. You're gonna always have to rely on trying to go get someone because you can't do this yourself. Or a job, but again, with your job, you cannot sustain. And you are essentially assuming we're in a great, our, our job market's fine. Yeah, I bit my tongue. Our job market's fine right now. Is it as good as it was a few years ago? Of course not. But compared to like a recession job market, it is still pretty damn good. You and I have not had to shop jobs in a real recession before. You are just assuming that I'll just get a job is going to exist.
54:03 Speaker 01 Yeah, but if it doesn't, it, I've already talked to you about this. It's not so bad to be homeless. Is that bad?
54:10 Caleb Hammer? You didn't say that.
54:11 Speaker 01 Fear of it, right? You're like, be afraid of this, like this is danger and I don't.
54:15 Caleb Hammer? Oh, gosh, okay. I think you might just need to become homeless so that you can experience how bad that is. I haven't, but I at least can recognize how bad it is. But you're unable to. That's the most delusional thing I've ever heard on the show.
54:27 Speaker 01 Possibly because.
54:27 Caleb Hammer? You, you, I think you just broke a fucking record.
54:29 Speaker 01 If you haven't been in a situation, how would you really know how?
54:32 Caleb Hammer? Conversations, documentaries, education. You can learn. Will you know the exact experience in terms of a flesh level? No, but you can.
54:40 Speaker 01 Really bad situation right now and I don't even think.
54:43 Caleb Hammer? What about the freedom card lady? Hmm? Is this a part of green? Okay, it was a two thousand. With hundreds of dollars in interest accrue and over the year, of course. Okay.
54:58 Caleb Hammer? Oh, what's this?
54:59 Speaker 01 Oh, those are the student loans.
55:02 Caleb Hammer? They paid for some of school, but not all of it?
55:05 Speaker 01 Correct.
55:06 Caleb Hammer? Okay, hmm, they paid for private high school and elementary and middle. Okay. Interesting, whatever, that's fine. It's not like they have to. Sixty-three thousand eight hundred. Where'd you go?
55:18 Speaker 01 I went to Grand Canyon University.
55:20 Caleb Hammer? Okay, you're always obsessed with something green.
55:22 Speaker 01 Grand Canyon.
55:24 Caleb Hammer? Oh, grand.
55:24 Speaker 01 Grand Ca- yeah, GCU.
55:26 Caleb Hammer? Are these all federal student loans? It looks like. So you have no private student loans?
55:31 Speaker 01 Like a Sally Mae. I already paid that off.
55:35 Caleb Hammer? You had to? You paid it off?
55:36 Speaker 01 Yes.
55:38 Caleb Hammer? What? There was twenty thousand?
55:40 Speaker 01 Maybe ten? I don't know. It's been a minute.
55:43 Caleb Hammer? You're thirty. It hasn't been that long. When did you pay it off? How did you pay it off?
55:47 Speaker 01 Maybe a few years ago.
55:48 Caleb Hammer? Why'd you pay it off?
55:50 Speaker 01 Well, because it had me doing payments every month.
55:53 Caleb Hammer? Uh huh. That was it? That's the only reason why? Then why is everything else not paid off? Then if that's the reason why?
55:59 Speaker 01 Well, that one, I don't know how that one works.
56:02 Caleb Hammer? You're prioritizing going out, which we haven't gotten to your spending, it's in your checking account. But you specifically said at the beginning of the conversation, you prioritize going out other than paying off your debt. Why was Sally?
56:11 Speaker 01 It's just every other.
56:12 Caleb Hammer? Gotcha. Why was Sally Mae then prioritized over that stuff?
56:16 Speaker 01 I think I started paying before these kicked in. Like when you got, I got out of college.
56:22 Caleb Hammer? Your other credit cards, though.
56:23 Speaker 01 Yeah, those were after. So Sally Mae started paying first.
56:27 Caleb Hammer? So you're responsible for a little bit after college and you've just decided to revert to infancy? I'm confused. Why would you do that?
56:33 Speaker 01 Well, I don't really know how it works.
56:35 Caleb Hammer? What's your minimum monthly payment on these student loans?
56:38 Speaker 01 Zero.
56:39 Caleb Hammer? Are they zero or are you not paying them?
56:42 Speaker 01 They are zero.
56:44 Caleb Hammer? Okay, were you in an income-based repayment plan?
56:46 Speaker 01 Yes.
56:47 Caleb Hammer? And you know that?
56:48 Speaker 01 Yeah.
56:49 Caleb Hammer? For sure.
56:50 Speaker 01 Yeah. I reapplied for it whenever they like were gonna restart your payments and then you had to switch over the plans. So then I went on.
56:59 Caleb Hammer? Sixty-three thousand eight hundred seventeen dollars, zero dollar payment. And they're on deferment right now, most likely because they are being challenged in court. They're all tied up. Those that, those type of payment programs might get stripped down. You might be forced to pay about seven hundred dollars a month in payments.
57:15 Speaker 01 That's what it would be like before COVID happened.
57:18 Caleb Hammer? It's why I said it.
57:20 Speaker 01 Yeah.
57:20 Caleb Hammer? Yes. But you realize that, right? Like you could get, if you don't, they'll garnish your wages from whatever job you have.
57:27 Speaker 01 Garnish my wages?
57:28 Caleb Hammer? As in, if you go get a job before your income hits, like at W two, before your income hits, they will take money before your income hits. They will force you to pay it. Force, gunpoint.
57:39 Speaker 01 Because I'm not gonna choose to pay it like it was before.
57:42 Caleb Hammer? I don't know how you'd be able to now.
57:44 Speaker 01 Well, I would figure it out.
57:46 Caleb Hammer? That's our answer for every, you don't, you don't know. You've only known a good economy.
57:56 Speaker 01 You might be right about that.
57:57 Caleb Hammer? I am right about that for sake.
57:59 Speaker 01 Okay, you win on that one.
58:02 Caleb Hammer? Is that a win lose? This isn't, is that a competition? I want to see you survive and do well.
58:07 Speaker 01 I do too.
58:08 Caleb Hammer? If you're feeling this is a fucking argument, then oh my gosh. What did you graduate with? What was your degree?
58:15 Speaker 01 Elementary education.
58:17 Caleb Hammer? Why aren't you teaching?
58:19 Speaker 01 I don't like school.
58:20 Caleb Hammer? Why?
58:21 Speaker 01 I don't think it's useful. I don't think it was necessary.
58:26 Caleb Hammer? What school?
58:27 Speaker 01 Hmm, the tactics, the classroom style.
58:31 Caleb Hammer? Then why not try to get into like a charter or private school that might align with your teaching style and what you think a classroom should be? Not that I would want you to teach a kid, but okay.
58:41 Speaker 01 I just don't like it.
58:44 Caleb Hammer? Why'd you get the degree?
58:46 Speaker 01 To get a degree.
58:47 Caleb Hammer? To get a degree? Why didn't you get more general degree, just like a business degree in marketing?
58:51 Speaker 01 It was the fastest degree out of college.
58:53 Caleb Hammer? That's all you cared about? And now you're just being a nanny?
58:56 Speaker 01 Years trying to do nursing and then it was like, I did not like that and was bad at it. So.
59:02 Caleb Hammer? Yeah, no, even though.
59:03 Speaker 01 To elementary education, just to get the degree, got the degree and then attempted teaching a few times and did not like it and nannying was like right up my alley. And I got to prepare for like what it's like to be a mom or attempt to be, like build those skills.
59:20 Caleb Hammer? Well, if you ever want to do something different, I can gift you a course career certification, change of field, something like accounting, tech, whatever you want. I can gift that to you. If you can make it through it, anyone can make it through it. I don't know if you can. I know you guys can.
59:33 Speaker 01 Challenger accepted. Yeah, I'd love that.
59:36 Caleb Hammer? Oh, okay. Well, you just let us know then.
59:38 Speaker 01 Now, I'd like to you know now. Yeah.
59:41 Caleb Hammer? Well, you gotta see what certifications are available.
59:43 Speaker 01 Oh, I see. I just meant yes to the opportunity.
59:46 Caleb Hammer? Mm hmm. Okay.
59:48 Speaker 01 Oh, no.
59:49 Caleb Hammer? Yeah, what the is this? This is screenshots from a note app with a lot of dollar signs. I'm very confused. This is three pages. Three pages. What am I looking at here?
59:59 Speaker 01 Um, that is an IOU list.
1:00:02 Caleb Hammer? To for what?
1:00:04 Speaker 01 Uh, things, family.
1:00:06 Caleb Hammer? Okay, so again, further proving the point, if you did not have them to fall back on, you would be dying. You would be starving.
1:00:14 Speaker 01 We don't know that.
1:00:15 Caleb Hammer? No, no, no. If you could not find a food pantry, you would be starving.
1:00:19 Speaker 01 We don't.
1:00:19 Caleb Hammer? Or eating out of a dumpster.
1:00:21 Speaker 01 We don't know that.
1:00:23 Caleb Hammer? What's the alternative?
1:00:24 Speaker 01 Figuring it out.
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1:01:11 Caleb Hammer? With bonds, you can lock in today's rate of four to 4.5% with the US government for one, two, or even 10 years. And the best part, once you buy, your rate is locked in, even if the Fed cuts rates to zero. For those like me who prefer a bit of peace of mind, US government bonds are risk free because of their ability to print money and pay you back. Also, all assets on Silo are stored with interactive brokers and protected by $500,000 in SIPC insurance. And up to $2.5 million in FDIC insurance. This limited time launch offer is only available for the first $10 million in deposits, and a big chunk of that is already filmed. So if you want to get a $3,000 an hour bonus don't wait take advantage of this opportunity to lock in over seven percent
1:01:55 Caleb Hammer? rates only with silo at the link in the description below now let's jump back into the episode okay so we have an I oh no this one was paid okay this was seven hundred dollars to mom uh chase credit owed to mom a hundred dollars why do you owe a hundred for chase credit to mom so did she make a minimum payment for you probably yeah utilities owed to mom fifty one dollars extra bank cushion money owed to mom fifty dollars I'm gonna call your mom I'm gonna call your mom I'm gonna call your mom in the financial audit post show I didn't tell my mom no I'm gonna call your mom in the fucking post show and I need to tell her to cut you off I'm gonna call your mom we're gonna get through your financial audit and then guys if you want to join our YouTube membership in the post show we're gonna call your mom because this is this is crazy right now
1:02:40 Caleb Hammer? make of America discover and Sally Mae owe mom three hundred five dollars four hundred eighty three oh it's all mom July bills owed to mom sixty seven dollars fun money owed to mom you're a fucking infant hundred dollar grocery spending owed to mom you're not surviving your mom is allowing you ta- tamping owed mom I'm assuming that means tampon yeah probably twenty dollars we're calling it tamping is that the
1:03:07 Speaker 01 okay this list is from two thousand and seventeen and it's been growing and been working on since then so
1:03:13 Caleb Hammer? I only see one worked on by the way fun fact only the one at the top fifty dollars weekend fun money owed to mom four hundred dollars Sally Mae and so Cal owed to mom two hundred guys I'm gonna get comfortable we're gonna be here for a second three that's not funny this is actually disgusting and in like embarrassing you should be embarrassed
1:03:32 Speaker 01 would you like me to cry instead
1:03:33 Caleb Hammer? no but I wouldn't laugh out of comedic fashion because this is not
1:03:38 Speaker 01 comedic fashion
1:03:39 Caleb Hammer? shut the up I'm reading fifty dollars I owe you mom extra money not even descriptive there four hundred dollars I owe you L I B ticket paid a hundred and then paid another hundred paid another hundred so you probably owe extra hundred or was it six hundred that you owed and now it's four hundred
1:03:54 Speaker 01 no it would have been four hundred and
1:03:56 Caleb Hammer? okay now it's three hundred what the is it LBI L I B
1:04:00 Speaker 01 it was either lightning in a bottle or life is beautiful
1:04:03 Caleb Hammer? wonderful I I I owe you to mom blacked out eighty dollars I owe you to mama for alcohol and snacks thirty dollars wow thanks mom for being really good oh guess what dad showed up for In-N-Out forty dollars gee for sake
1:04:18 Caleb Hammer? Thirty dollars I owe you to dad sixteen for mom for gas. Oh, it was a dead present. That was the one. Twenty dollars beer for mom. Thanks mom. Gosh, you're doing so great. Thirty dollar grocery mom fifty dollars bills and extra for mom. Hundred dollars clothing from mom. Four hundred Vegas from mom. Five hundred dollar October bills from mom. Fifty dollars mom extra spending money. I can't deal with it. There is no hope. There is no hope. Look at this. This is the most insane. I'm not even gonna go through this. We can put her all on screen, but this is crazy. We got Chase November bills, Chase December. December bills, January, Sally Mae overdraft account fifty dollars. Extra spending money, dinner snacks, drinks, oil, gas, Thanksgiving.
1:05:02 Caleb Hammer? Uh fixing car, low money, borrow money, Christmas presents, June therapy, paid that one. Registration paid. Okay, we got a new seventy seven inch TV two point four thousand oh to mom. I'm gonna kill myself. APT furniture for apartment to mom and passport. Oh mattress topper, uh camp. I owe the oil change, Amazon, Walmart, Amazon gas, Amazon. What a and dra- uh and then yeah, the overdraft one as well. What a joke overdraft and you're kidding me? Like what? I'm sorry. Give me my calculator back. You don't deserve it. You won't even know what those
1:05:44 Caleb Hammer? letters and symbols mean on there. So can give it to me.
1:05:51 Caleb Hammer? Huh?
1:05:52 Speaker 01 I need a break.
1:05:52 Caleb Hammer? Is that it? Or are you okay? Are you?
1:05:57 Caleb Hammer? She wasn't feeling bad because of the conversation or because of any jabs or jokes and stuff because everyone's well aware of what's happening when they come on the show, but apparently all those screenshots, screenshots, screenshots, all of it is finally stacking up. And she's seen exactly how much she owes to the family and it boiled up to an overwhelming sense. And she needs a break and I would understand because if any of us saw those kind of numbers and that kind of life. It's crazy. It's hard when you talk about your family. Cause they do enable it.
1:06:36 Speaker 01 I have worked, I have worked on like, I mean, trying to break away from that. However, at the end of the day, when life gets hard. And it comes to, yeah, stepping up on my own, I do rely on them.
1:06:48 Caleb Hammer? It's been a lot.
1:06:49 Speaker 01 It has been a lot and.
1:06:53 Caleb Hammer? We're seeing how much was stacked up.
1:06:55 Speaker 01 Um, no, it's the guilt.
1:06:58 Caleb Hammer? Guilt. So you feel immense guilt from this. Cause it's been years.
1:07:03 Speaker 01 But I like owe them my life. It's not even just the money. It's like. I'm supposed to, I've had a privileged life and I should be better at where I'm at. I should be like a real adult, like super together. And then goes like hitting thirty was hard because. I thought by now I'd like definitely have kids, hopefully be married, like have like a career and I'm not there.
1:07:28 Caleb Hammer? Ah, you're doing better than me. At least you're not single.
1:07:32 Speaker 01 No, because maybe it is, yeah, another enabling situation. It's another. Any kind of person who's helping you at the end of the day is enabling you and so getting help.
1:07:43 Caleb Hammer? You need a lot of help.
1:07:45 Speaker 01 Like more than I'm.
1:07:46 Caleb Hammer? A help into changing your behaviors, or I'd say, the help you've received so far. Hasn't actually helped.
1:07:54 Speaker 01 It saved me from saving myself and that's not necessarily a good thing. I'm very appreciative and grateful for it, but it's time that I step it up for myself and not just for myself, but for my family and wanna do better. I'd love to be one of those people who pays their parents debt off.
1:08:12 Caleb Hammer? Parents have that.
1:08:13 Speaker 01 My, some of my college, some of my sister's college.
1:08:17 Caleb Hammer? Oh, they were going into debt for this.
1:08:19 Speaker 01 I mean, they took out loans for that. I mean, the house, whatever, like. You know, the American dream's lifestyle situation that looks good on the surface, but you know, underneath it's not. And that's clearly what I've played out to be and it's time that I like do it for real, not.
1:08:40 Caleb Hammer? Though, this conversation so far has been.
1:08:46 Caleb Hammer? Honestly, deeply worrying and I am glad to at least hear right now that you're you're ready to take the step, you're ready to take the step to sever that enablement that's been happening. But what can we actually do based on this conversation? It's been very worrying.
1:09:07 Speaker 01 Yeah, well, I would.
1:09:08 Caleb Hammer? And are you sure? Are you sure you want to film the rest? Cause you, you know, you walked off.
1:09:14 Speaker 01 I do wanna film the rest. Yes, I need a break and now I'm ready. Like, the thing is, looking at it is one of the issues and one of the first steps that I haven't done, right? So being able to even look at it is a first step.
1:09:28 Caleb Hammer? Think you can change your behavior, though? You think you can actually change?
1:09:32 Speaker 01 I think anything's possible and if I've been able to do.
1:09:35 Caleb Hammer? That mindset has not worked. I need to correct that because you that's what you've kept using this entire conversation is that it's all possible. Or I'll figure it out.
1:09:43 Speaker 01 And maybe that's my perspective or my version of hope, right? Without that.
1:09:48 Caleb Hammer? But hope without any actions is nothing.
1:09:52 Speaker 01 I'm not disagreeing with you there. I just think that you still need the hope to continue on for the possibility of actions to eventually come. And I think it's been a point of delusional hope and the idea that future me is gonna solve it. Future me is gonna take care of it. I have people to rely on and now and now it's time that it's me that steps up.
1:10:12 Caleb Hammer? What you said wasn't like a hundred percent wrong. The thing is, is I've just been surround. We all know people in our lives that have these hopes and dreams and ambitions, starting a business, pursuing a career, doing something. But they put no action behind it and we will always only ever hear them talking about their hope. So a hope is not gonna lead to the action. It's actually you're gonna have to walk away from this conversation and implement today. Today, what we talk about.
1:10:40 Speaker 01 I don't think that that needs to take away from my delusional hope. I think that the hope along with the actions, like the talking, the talk needs to be paired with the walking, the walk. They have to align.
1:10:50 Caleb Hammer? You need to have hope. I'm not saying don't have hope.
1:10:52 Speaker 01 Yeah.
1:10:52 Caleb Hammer? It's the hope without the action. That's that's all I'm saying. You need the hope. If you don't have hope going through it, it's also you're not gonna make it to the end.
1:10:59 Speaker 01 Yeah.
1:10:59 Caleb Hammer? Of course, but okay, I just I need to see the action. So when you're when you come on the Financial Audit Follow Up channel. There's gonna be major changes?
1:11:09 Speaker 01 Major changes.
1:11:10 Caleb Hammer? Why do you think? Why do you think just besides the hope? Why do you think you're actually gonna take the step after this?
1:11:16 Speaker 01 Because my why is more important.
1:11:19 Caleb Hammer? What's your why? Give me your why right now.
1:11:20 Speaker 01 My future, the idea that the idea, right, is not a reality that I'm going to have. Or hopefully conjoined finances with my boyfriend.
1:11:31 Speaker 01 No, I'm saying.
1:11:32 Caleb Hammer? Once you're married.
1:11:32 Speaker 01 Married, right? I don't want my debt to impact him, right? I don't wanna come into debt in that relationship and then having children.
1:11:40 Caleb Hammer? It can work. Sometimes, sometimes what people just need is to have everything really strung out. Strung out, show, just really thrown out. Demonstrating in front of them just how bad it is, cuz so many people, every, I would say almost everyone that comes on the show does not know how bad their situation actually is and tells the show. And it pushes to that moment where people are finally willing to actually change. And if you're at that moment, then I'm going to continue cuz I, we can get you out of debt probably, and we can figure it out. Um, so let's continue, but getting to that moment is critical. What's this? What am I looking at?
1:12:19 Speaker 01 A screen, okay, so my Discover credit card.
1:12:27 Caleb Hammer? The original one at thirteen thousand?
1:12:29 Speaker 01 This is, yeah, so look at this. I called them. And I saw this thing where you could just ask them to lower your percentage, and they did. So is that like, what, twenty seven? And they moved it to twenty four? And then next thing I know is this. Where, what's that? What? I don't understand how they just charged me. Oh, fat interest?
1:12:57 Speaker 01 Like.
1:12:58 Caleb Hammer? Wait, wait, bring up your app for me. Bring up for your app.
1:13:00 Speaker 01 Okay, but you're still gonna have to pay the interest for all the things that are already on the card before the new percentage goes in. I'm like, obviously, yeah, that makes sense. You wouldn't change the interest and lower it. But why would they tack on a full interest of that?
1:13:17 Speaker 01 Here you go. I don't know.
1:13:20 Caleb Hammer? Yeah. No, that's just your monthly interest amount, dude. Your monthly interest amount is insane because your balance is so high.
1:13:30 Speaker 01 But it's never been that high. Like I pay this every month. It's usually seventy eight dollars. And then all of a sudden it just jumps up to three hundred.
1:13:39 Caleb Hammer? Wait a minute. Hold. Okay. Okay. Well, fine. I'm looking at an October statement then. Let me see. No, October statement. It's because your starting balance was lower. You were two thousand lower. Your credit card's only gone up. That's why the interest was lower. Your minimum monthly payment was pretty similar, but lower because your balance was lower. If you have a higher balance, the interest is higher. If you have a higher balance, the minimum monthly payment is higher. Let me go back to August. Let me go back to August. August. Again, you were two thousand dollars lower than that previous month. Why do you think it's getting higher? You went from nine thousand in August.
1:14:10 Speaker 01 Like two hundred dollars more?
1:14:11 Caleb Hammer? No, because what in your minimum monthly or your interest?
1:14:14 Speaker 01 In the interest.
1:14:15 Caleb Hammer? Your interest was only, your interest was only like fifty dollars more. I'm looking at the past statements. I went a month prior and it's fifty dollars more. And then the month before that, it was another fifty dollars less. Again, but you're, you're going up. You've gone up from nine thousand a couple of months ago to now at thirteen thousand. So it is going to be higher. You just didn't know what your interest was because you probably didn't look at your statements. You were getting horrendous interest charge still.
1:14:41 Speaker 01 But I do.
1:14:42 Caleb Hammer? No, definitely for sure. Okay, maybe seventy eight, maybe like a year ago. But listen, I, I, I, okay, let me go all the way back to June. June, June was around nine thousand. In, okay, okay. Well, here is a lower interest charge. Let me see one.
1:14:59 Caleb Hammer? You were on a promotional. You were on a lower seventeen percent thing and it jumped up since. So yes, of course, your interest went up. So that's what happened. Even if they brought your interest down from thirty to twenty five, it's still above that fifteen percent. So yes, that's, that's how it's gonna work. And what is this?
1:15:18 Speaker 01 What is this? Those are my, so I get paid on Apple Pay.
1:15:24 Caleb Hammer? So this is Apple Pay?
1:15:25 Speaker 01 This is my Apple Pay like, this is my wallet on.
1:15:28 Caleb Hammer? Okay, so four hundred fifty dollars came in and then you transferred it to your bank and that's happened and then you sent some to someone, you sent one to someone and then you sent one to someone for Uber and then AAA vape. It's not AAA, it's vape.
1:15:43 Speaker 01 Yeah.
1:15:44 Caleb Hammer? How much are we spending on vape?
1:15:46 Speaker 01 Probably more than I should be spending.
1:15:48 Caleb Hammer? Yeah, don't you wanna survive? So if you do all the long, hard work that you're gonna do if you wanna change your life, don't you actually wanna see the reward in the end? Thirty-six dollars, definitely not groceries for you at Target. More, forty-three dollars for vape. Bagels, thirty-eight dollars, then lots of transfers back and forth and some Walgreens and stuff like that. Corner, corner donuts, fifteen bucks. Went in, got some BS from the gas station, six dollars and then Subway and bite the bagel, ten dollars and more vaping, forty-three dollars. How often is that forty-three dollars? Is that four, is that every week?
1:16:22 Speaker 01 Possibly.
1:16:24 Caleb Hammer? That's so much money, I can't put that in your budget. I can't put that in your budget times four, that's a hundred seventy-two dollars a month, I can't put that in your budget. That's an incit- you, you have to work on that on your own. I can't get you to quit, you're gonna have to quit, I can't put that in your budget. That's horrendous and you're killing yourself. You also sent someone a hundred sixty-four dollars, have so much fun in Hawaii. What the?
1:16:49 Speaker 01 Well, when I went to Hawaii, my sister sent me some money and I had that.
1:16:52 Caleb Hammer? How's she doing financially? You didn't, no you don't, you're, we have the.
1:16:56 Speaker 01 The cash.
1:16:57 Caleb Hammer? Hey, we had, come on, you just, you, you had a moment of big, you, big emotions? Because we finally saw the, all the IO, IOUs to your family, to your mom, three pages worth.
1:17:10 Speaker 01 Yeah.
1:17:10 Caleb Hammer? You didn't have the cash. You have IOUs. You don't have the cash.
1:17:16 Speaker 01 But I did have the cash.
1:17:18 Caleb Hammer? You don't, you don't, you had the IOUs.
1:17:20 Speaker 01 Going to Hawaii, my, I didn't have the cash, I didn't have the money and she sent it to me and it's not.
1:17:25 Caleb Hammer? When she did that, does she have IOUs to your mom?
1:17:28 Speaker 01 I don't know, probably not.
1:17:29 Caleb Hammer? Doesn't matter, if you don't know, you do. It's a different situation, you and your sister are probably not in the same situation.
1:17:36 Speaker 01 No.
1:17:37 Caleb Hammer? We gotta call your mom on the post show, we gotta call your mom on the post show or your dad.
1:17:41 Speaker 01 Looking for.
1:17:43 Caleb Hammer? The total IOUs is seventeen thousand four hundred eighty-three dollars.
1:17:47 Speaker 01 Sorry, say it again?
1:17:48 Caleb Hammer? Seventeen thousand four hundred eighty-three dollars in IOUs. Jake added them up.
1:17:55 Speaker 01 Okay.
1:17:56 Caleb Hammer? Okay?
1:17:57 Speaker 01 That's possible to pay back.
1:18:01 Speaker 01 Right?
1:18:02 Caleb Hammer? Yes, anything in.
1:18:04 Speaker 01 Okay, so.
1:18:07 Caleb Hammer? What are you thinking right now?
1:18:08 Speaker 01 Challenge, a big obstacle that I'm going to overcome and have great skills afterwards.
1:18:14 Caleb Hammer? Oh, okay. Don't get yourselves into challenges just so you can get skills, though? I don't want you to feel life like that.
1:18:23 Speaker 01 I don't think that was the intention. However, that is how we're gonna look at it to get through it.
1:18:28 Caleb Hammer? Seventeen thousand you you owe in the IOUs.
1:18:31 Speaker 01 Yes.
1:18:32 Caleb Hammer? If I put that right now in my investing app, Mu Mu, it's the one I use. If I put that in there, people that put their uninvested cash in there, I think they get nine percent on their money. You'd get an extra, now let's divide that on a monthly basis, you'd get an extra hundred twenty-seven dollars in pure profits in one month. If that IOU was sitting in something that generated you money, but instead you owe it to mom.
1:18:56 Caleb Hammer? And I see that's where it emotionally hits you every time. It's when we get to the IOUs. There are tissues right there if you need one. Please feel free. Okay.
1:19:04 Speaker 01 Yeah.
1:19:05 Caleb Hammer? Okay. I know this doesn't seem like a part I should be glad in, but I am glad that there is a part of this that emotionally hits you. The credit card didn't matter to you, the student loans didn't matter to you, none of that mattered to you, but we got to the IOUs and it matters. And if we have something that actually matters and draws the emotional response, that may give us the actual kick in the ass, the fire under our ass that we need to actually start tackling some of this. Okay?
1:19:32 Speaker 01 But, yeah. Do it.
1:19:37 Speaker 01 Yeah.
1:19:38 Caleb Hammer? You are a California girl.
1:19:39 Speaker 01 But what matters clearly is people to me and the emotions and the feelings and I've done it in maybe a wrong and unhealthy way and then it comes and bites me in the ass and then I gotta do it the right way.
1:19:52 Caleb Hammer? Hundred thirty-five dollars in our checking account. That's right to me. Help us get there. Was that on our hundred bucks Uber, Uber, Uber?
1:20:02 Caleb Hammer? Why are you Ubering so much? You have this car, you're very proud of it.
1:20:05 Speaker 01 Oh, Uber is like delivery food.
1:20:08 Caleb Hammer? It's Uber Eats?
1:20:10 Speaker 01 Yeah.
1:20:11 Caleb Hammer? Eats? Do you cook?
1:20:13 Speaker 01 Yes.
1:20:13 Caleb Hammer? How often?
1:20:15 Speaker 01 Weekdays.
1:20:16 Caleb Hammer? Every weekday? What are three Uber Eats in a row then?
1:20:20 Speaker 01 Weekends be different.
1:20:22 Caleb Hammer? Weekends be different or three days in a weekend?
1:20:26 Speaker 01 No. Well, Friday, if you count Friday.
1:20:30 Caleb Hammer? Why would I count Friday as a week? That's not a week, it's a weekday.
1:20:34 Speaker 01 You're right, but you clock off and then it's.
1:20:37 Caleb Hammer? Oh, good.
1:20:41 Caleb Hammer? Uber Eats, Uber Eats, so five in a row. So are weekends five days?
1:20:46 Speaker 01 Well, no, then there'd be like breakfast, lunch, dinner.
1:20:48 Caleb Hammer? You're fucking killing yourself and me and I'm trying to be gentle, I'm trying to be gentle, I'm trying to be gentle in the latter half of this conversation.
1:20:56 Speaker 01 No, no, no.
1:20:57 Caleb Hammer? But come on, that's fucking crazy. It's fucking delusional. That is insane. Nope, that's that's that's bad for you. That is bad for you.
1:21:04 Speaker 01 It's bad for me financially.
1:21:07 Caleb Hammer? And probably health-wise too.
1:21:11 Speaker 01 Taking care of myself, taking care of kiddos, cooking, cleaning, it can be draining come the weekend. It's like, well, I wanna be.
1:21:24 Caleb Hammer? You work twenty-five hours a week, I have no sympathy. Shut up. The rest of us.
1:21:29 Speaker 01 Hours clocked.
1:21:30 Caleb Hammer? The rest of us, if you're working unclocked hours, then you need to get another job.
1:21:37 Caleb Hammer? That means you're not getting paid for unclocked.
1:21:40 Speaker 01 Well, it's that one twenty-five a week and then.
1:21:43 Caleb Hammer? Okay, well, how many extra hours for that on a weekly basis? Be realistic.
1:21:45 Speaker 01 Realistic, maybe three to ten.
1:21:50 Caleb Hammer? You're still working less than a normal person does. I don't have sympathy for that. I am sorry. It's called being an adult. It's really just called being an adult.
1:21:59 Speaker 01 I have worked.
1:21:59 Caleb Hammer? Sometimes you have to make a sacrifice. Sometimes you're a little tired and you have to make a sacrifice. Also, if you meal prep just a few times a week, that's less time you have to spend cooking.
1:22:08 Speaker 01 I do meal prep.
1:22:11 Caleb Hammer? This is not with all this Uber eating, because then we go to Big Buffalo and then we Uber eat, then we Zell out one hundred seventy. Then we Zell out two hundred and then we Uber eat, we Uber eat, Amazon. We get our nails did for a hundred sixty-seven, then we Uber eat and we Starbucks. You know, this is more than just the weekends. And golf club, golf club, Starbucks. Some snack at Target probably because it's only six bucks, definitely not groceries, Amazon. Vapes, more vapes. ATM withdrawal, who knows where the that went. Uber Eats, Breakfast Club. Bird app, Starbucks, bird app, bird app, bird app. Little scoot and we're scootin' around.
1:22:46 Speaker 01 It was my birthday.
1:22:47 Caleb Hammer? Coco.
1:22:48 Speaker 01 And spent a bunch of money. Yeah.
1:22:52 Caleb Hammer? It's not funny.
1:22:53 Speaker 01 It's not funny.
1:22:54 Caleb Hammer? Happy birthday, mom. I'm paying you back.
1:22:58 Caleb Hammer? I mean, the last time someone walked off the show, we uploaded that before Thanksgiving. Maybe this one's before Christmas. So if that's what happens, guys. I'm a fucking future teller. Fortune person. I'm looking for your budget thing. I might need a budget thing. I know you had a budget thing.
1:23:15 Speaker 01 What's a budget thing?
1:23:17 Caleb Hammer? The sheet where I write the budget. I did, I felt the staples earlier. Here it is. I got it. Okay. Income, I'm gonna say two thousand two hundred fifty. I need you to set a little aside for taxes. You need to set a little aside for taxes. Your debt monthly payments, this is gonna be the crazy part. You are so lucky. Your boyfriend takes care. How is your guys' relationship? Be as honest as you can be, even if it is not good.
1:23:37 Speaker 01 Dreamy. I couldn't have imagined anything better.
1:23:40 Caleb Hammer? Only in it for a year. Okay, but okay, good, good. Because if you're out on your own, I wouldn't even know what to do here. But thank goodness we don't have to put a rent payment in. Do you have to do utilities or internet or anything?
1:23:50 Speaker 01 I pitch in by paying for groceries.
1:23:53 Caleb Hammer? Okay, you're paying for groceries. Grocery budget, six hundred dollars. That takes care of two people and that's meal prepping. Use the meal prep in our debt class, uh, budgeting, our budgeting class and tweak it to your needs. It's based off of H U B anyway, so you can use it for sure. T P fund, anything else you need to survive, hundred dollars, that is nails, that is whatever. Six hundred dollars for, uh, okay, gas, vroom, vroom, drive, drive?
1:24:16 Speaker 01 Yes, thirty every two weeks.
1:24:20 Caleb Hammer? Do you know? Or are you?
1:24:22 Speaker 01 No, I don't know.
1:24:23 Caleb Hammer? Just throwing that out?
1:24:23 Speaker 01 I'm guessing.
1:24:25 Caleb Hammer? Oh.
1:24:25 Speaker 01 I would have to like keep track of it.
1:24:27 Caleb Hammer? It's okay if you can have a guess if it's an educated guess.
1:24:30 Speaker 01 It seems educated.
1:24:35 Caleb Hammer? Based on what?
1:24:37 Speaker 01 Based on how often I can remember filling out my gas tank and how much it costs.
1:24:40 Caleb Hammer? You don't remember if you filed taxes?
1:24:43 Speaker 01 Yeah.
1:24:45 Caleb Hammer? Kind of.
1:24:46 Speaker 01 I don't fill my gas tank up that often. In California, it was every week. It was like one twenty a week. And now it's like thirty bucks.
1:24:53 Caleb Hammer? We didn't really know. It was hard to tell what was going in and going out. We got tolls. So I'm gonna do gas and tolls, hundred bucks.
1:24:59 Speaker 01 But.
1:25:02 Caleb Hammer? Car insurance?
1:25:04 Speaker 01 Two sixty, three thirty. I don't know. It's fluctuated lately.
1:25:13 Caleb Hammer? That's, I had five oh two.
1:25:16 Speaker 01 In one month?
1:25:16 Caleb Hammer? Yeah.
1:25:17 Speaker 01 No.
1:25:17 Caleb Hammer? Right, Jake? Okay, it hit your account twice, but maybe this is, you know, we're seeing it within two payment periods. I'm gonna say two fifty.
1:25:26 Speaker 01 Yeah, that sounds right.
1:25:28 Caleb Hammer? Okay.
1:25:30 Caleb Hammer? And you don't contribute anything to the house in terms of the internet? Okay, good, good, good, good, good, good, good. Medical, healthcare, anything ongoing there, you'll need it a lot if you keep vaping, but.
1:25:37 Speaker 01 Seventeen a month for V S P.
1:25:42 Caleb Hammer? Okay.
1:25:42 Speaker 01 That's I's.
1:25:45 Caleb Hammer? And you pay that out of pocket, seventy?
1:25:46 Speaker 01 Yes.
1:25:47 Caleb Hammer? What do you do for health insurance?
1:25:49 Speaker 01 Nothing.
1:25:50 Caleb Hammer? You don't have health insurance?
1:25:51 Speaker 01 No.
1:25:51 Caleb Hammer? You are gonna go get the most basic minimum plan so that if you have a huge medical emergency, you don't go bankrupt at the very least, okay? You don't owe hundreds of thousands of dollars. You're gonna do three hundred dollars a month for that. Life's expensive and you're just not doing it. That's the thing. This is why you have so many IOUs. No subscriptions. Do you have any pets?
1:26:14 Speaker 01 Technically, actually I do have a subscription. I forgot about it. I think it's thirty five a month for the cat food. Through Amazon.
1:26:20 Caleb Hammer? So you have cat? So thirty five bucks a month for cat food?
1:26:24 Speaker 01 Yep.
1:26:24 Caleb Hammer? Well, I'll put that in the food area.
1:26:26 Speaker 01 Okay.
1:26:27 Caleb Hammer? You have pet insurance?
1:26:28 Speaker 01 No.
1:26:29 Caleb Hammer? Get pet insurance. I don't know how you would be able to save its life. If you can't afford pet insurance, you probably can't afford a pet. Thirty five bucks.
1:26:37 Speaker 01 This is my boyfriend's cat and I moved in and now like, I mean, obviously love him. He's my cat too.
1:26:43 Caleb Hammer? Why are you paying for the food?
1:26:44 Speaker 01 Um, well, when my boyfriend was gone in Korea, I just took it over and then I.
1:26:49 Caleb Hammer? How long was he gone?
1:26:50 Speaker 01 Nine months. And then I thought I.
1:26:52 Caleb Hammer? You guys have been together for a year, but he was gone for nine months? No wonder you guys are so happy.
1:26:56 Speaker 01 A little more than a year.
1:26:58 Caleb Hammer? But he's been gone all of it.
1:27:00 Speaker 01 He was gone for a good amount.
1:27:01 Caleb Hammer? Hey, see if he can take care of the pet insurance. If it's his cat, he should.
1:27:05 Speaker 01 Yeah.
1:27:06 Caleb Hammer? Thirty five bucks a month. Tell him to get pet insurance. Anything else that needs to be in your budget that is not there?
1:27:10 Speaker 01 I pay a hundred and seventy dollars a month to my mom. Um.
1:27:15 Caleb Hammer? For your debts?
1:27:16 Speaker 01 For my phone bill and then paying off tires for a Jeep.
1:27:21 Caleb Hammer? Okay, one seventy five for phone and Jeep.
1:27:23 Speaker 01 Yeah.
1:27:24 Caleb Hammer? You're close. Ah, there it is. That pushed us over. Yeah, you don't make enough money. Yep, two thousand five hundred sixty one, just for you to survive and you're not even paying for a roof over your head. No wonder your credit card's gone a couple of months ago from nine thousand to thirteen thousand. And this is how it goes. No wonder your IOU list is gone. So we're encountering two issues here. Your direction from here is on two issues. One, no more using credit cards. If you're gonna use a card again, you need to use like a Fizz card, which is a debit card, but builds credit. But you just can't spend more than in your debit. Fizz card. Well, it's called Fizz. The company's called Fizz.
1:27:55 Speaker 01 Okay.
1:27:56 Caleb Hammer? We can get you connected, but you can't use credit cards. You're not a credit card person. You're only building them up. I'd close the accounts. I know it hurts your credit, but I'd close your account. Close, close it.
1:28:04 Speaker 01 No.
1:28:05 Caleb Hammer? Yes.
1:28:05 Speaker 01 Close the Discover.
1:28:06 Caleb Hammer? Close it. You can't be trusted. You're just hurting it. You're, you're underwater by two hundred fifty dollars a month. So there's a few things you need to do, you know, shut down the credit cards, so you don't have access to it. You need to build the budget, go through the budgeting class. This is the makeshift budget. I hope this budget works, but it could be awful little. You have to go through your stuff in detail and figure out what your monthly budget is and do it on a monthly basis and figure out what you need to do. You need to control your spending. There is no BS spending. You don't have access to it. Now, you either need to go get a second job, or you need to get those hours up at nanny, R Us. You know, you gotta, and you need, you need minimum an extra thousand hours a month. And even if you do, this is still,
1:28:47 Caleb Hammer? not the student loans, but the credit card, fucking, extra thousand hours a month. Mom, car, discover is still like a four or five year process. So you need to go double your income. You know, you need to go from twenty five thousand hours a year to fifty.
1:29:03 Speaker 01 I will be moving to California next year, April.
1:29:06 Caleb Hammer? That's gonna make it probably worse. Cost of living is higher. And you have to go find a job that makes up for it. Like, why?
1:29:13 Speaker 01 Well, we wanna start a family and our families are there. We're from there.
1:29:18 Caleb Hammer? Why are you here?
1:29:19 Speaker 01 My boyfriend stationed here.
1:29:21 Caleb Hammer? He's in the military?
1:29:23 Speaker 01 For now.
1:29:24 Caleb Hammer? That makes sense. I would say, why would anyone be in clean? Okay.
1:29:29 Caleb Hammer? That makes sense. Well, wherever you go, you need to make that budget work, but until you move, you need to go make as much money as possible, doing side hustles, dropping fries in the fryer. You know, you need to do whatever you can. If you bring in an extra two thousand dollars a month in net, which is almost doubling your income, it still takes almost three years to pay off this debt. Without you having one single cent of fun, a paid fun. You go out to eat, you do all that, your boyfriend's paying for it. It's as simple as that. You cannot do him and you need to inform him of the situation. Maybe we'll call him too. Does he know your situation?
1:30:02 Speaker 01 Yeah.
1:30:03 Caleb Hammer? Dude, well, you didn't know your situation, so he knows your, your situation from your perspective.
1:30:09 Speaker 01 Yeah, that I have like one set of credit cards that I've closed with a company and then one open in the mountains.
1:30:15 Caleb Hammer? Okay, I, I think we have a lot of phone calls to make in the post show. Make sure to join our YouTube membership, guys. It really helps support the channel. Join Hammer Elite for the best value of your dollars. A lot of extra shows and stuff we do back there. Uh, but let's get your hammer financial score, spending and a budget. I don't even know if you overspend or underspend. Uh, spending three thousand, income, you actually, you had a better month than you suggest. I get a lot of Venmos in, but are they all through the pay or are you getting Venmos from friends or what? Yeah, Venmo is all we had. Well, if you make two thousand five hundred and the rest was who knows, you spent three thousand seven hundred. I, I don't know the nose spending a budget, you would be technically over zero on it then. Why did you have a better month?
1:30:56 Speaker 01 I don't understand. I don't, I don't get Venmo payments. Are you sure they're not Apple Pay in the wallet?
1:31:01 Caleb Hammer? Sure, we can call it that. Was that it Jake? Did you?
1:31:06 Caleb Hammer? Yeah, maybe been Apple Pay.
1:31:07 Speaker 01 Okay, well, that's how I get paid.
1:31:09 Caleb Hammer? Well, did, why'd you make more than you say you made?
1:31:12 Speaker 01 Well, because I gave you like a rough estimate.
1:31:15 Caleb Hammer? But it was almost double.
1:31:16 Speaker 01 Sometimes I work forty hour weeks.
1:31:17 Caleb Hammer? You need to work forty hours a week. If you do that, we can pay off this debt.
1:31:21 Speaker 01 Yeah, sometimes I do work forty.
1:31:22 Caleb Hammer? Okay, well, spending in the budget according to the income that came in, not setting any money aside. You did okay, should be going towards the debt three out of ten, but sometimes if you had a little month, it would be bad. And I know your debt's only going up, so usually it is bad. Debt with all the IOU is gonna bring it down. You don't have any collections or, well, you haven't paid IR. Yeah, you have IRS that you just don't know it. Zero out of ten. Emergency fund, no savings, zero out of ten. There's no retirement, zero out of ten, real estate, nothing, zero out of ten. It's gonna be a round up to be generous.
1:31:51 Speaker 01 What is it that you're doing?
1:31:53 Caleb Hammer? Hammer financial score, you said five out of ten. It's rounded up to a one out of ten. Make sure to join us in the post show. We have a lot of phone calls to make to people in her life and get their thoughts and perspectives on this. This is gonna be insane. And make sure to check out all our education bundled together for fifteen percent off. I'll see you guys in the post show. I wanna call your sister.
1:32:16 Speaker 01 I just phone call her.
1:32:17 Caleb Hammer? You just phone call her.
1:32:21 Caleb Hammer? Hello?
1:32:22 Speaker 02 Yo, you good?
1:32:22 Caleb Hammer? She's sending you money. Now she says she has to send you money.
1:32:25 Speaker 02 That's her own tally, but yeah.
1:32:27 Caleb Hammer? She owes seventeen thousand dollars to your mom.
1:32:31 Speaker 02 Oh, what?
1:32:32 Caleb Hammer? To watch the financial audit post show, click the join button below.
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