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

• 0:01Speaker 00

  It's getting chilly outside. But you know what that means?

• 0:07Speaker 00

  It's time to cozy up with Panera Bread. Let's get toasty, cheesy. Oh, hello broccoli cheddar soup in a bread bowl. How about melty? Okay, Chipotle chicken ovo melt. It's dipping bread and soupy goodness season. Oh yeah, we are so back. It's Panera season. Order now.

• 0:30Speaker 01

  I don't know what I'm doing.

• 0:31Speaker 02

  Need a break.

• 0:32Speaker 01

  Forget it, I quit.

• 0:33Speaker 02

  Escape to Pluto TV. This is objectively fantastic. Relax into the movies and shows you already know and love, all for free. Swing! Even our news is uplifting.

• 0:43Speaker 03

  You stay classy, San Diego.

• 0:44Speaker 02

  Watch Tommy Boy, Crazy Ex Girlfriend, Anchorman: The Legend of Ron Burgundy, The X-Files, Wayne's World, and so much more. We're not worthy! The best things on TV really are free. You just have to know where to look. Escape to Pluto TV. Stream now, pay never.

• 1:00Caleb Hammer?

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

• 1:03Speaker 05

  Me and my friends will go with the girls we're dating and hit [BLEEP] clubs.

• 1:05Caleb Hammer?

  I was spit on the [BLEEP] last night!

• 1:07Speaker 05

  You get a VIP section, you chill with the boys, and the moment, life feels good.

• 1:11Caleb Hammer?

  There is nothing you can say that is gonna get you out of that. You're gonna try to look good, [BLEEP] you, you don't look good and now you're looking worse.

• 1:18Speaker 05

  There's definitely been a lot of progress made.

• 1:19Caleb Hammer?

  But it is incorrect because that is not what is being shown! Shut the [BLEEP] up! Download my new simpler budget app today and take control of your money once and for all.

• 1:33Speaker 05

  Hey, I'm Thomas from Fort Lauderdale. I'm 30 years old and this is Financial Audit.

• 1:39Caleb Hammer?

  Thanks for coming on in. So what do you do over there for a living?

• 1:43Speaker 05

  So, uh, I'm a full-time tattoo artist.

• 1:46Caleb Hammer?

  Okay, hmm, we just had one of those, interesting.

• 1:49Speaker 05

  Yeah, it should be a lot of fun.

• 1:50Caleb Hammer?

  So I bet you're all covered up.

• 1:52Speaker 05

  Uh, actually, I'm not super tattooed. I have both my shoulders done, my elbow done, and a bunch on my legs.

• 1:56Caleb Hammer?

  Interesting.

• 1:57Speaker 05

  Yeah.

• 1:58Caleb Hammer?

  Ginger hair on people's arms, that's something I have not really seen. Okay.

• 2:03Caleb Hammer?

  Hmm. Interesting. So awesome. What are you making?

• 2:07Speaker 05

  Uh.

• 2:08Caleb Hammer?

  Tattooing people in Florida. I bet people get lots of drunk mistakes in Florida, partying it up. And they're just like, all right, let me get tattooed a dick on my forehead or something.

• 2:16Speaker 05

  Definitely a lot of dicks on the forehead for sure. Uh, now the good thing is, uh, I have a lot of people that come based off referrals. Not too many drunk people, but it does happen. Uh, I'm doing a little around estimated close to a hundred fifty thousand average a year now.

• 2:31Caleb Hammer?

  The fuck? For, okay, for tattooing people.

• 2:37Caleb Hammer?

  Last time I had a high incomer, uh, income people on the show, it was a couple. They are very high. Yeah. Their financial situation was one of the worst. I've seen in twenty twenty five so far, which leads me to be, uh, concerned as I have another high income earner on again. And this isn't a thin stack by any means. So thousand, a hundred and fifty thousand dollars a year. Incredible. You own the business?

• 3:01Speaker 05

  Yes, sir.

• 3:02Caleb Hammer?

  This is you?

• 3:03Speaker 05

  Yeah, all me.

• 3:03Caleb Hammer?

  All right, well, let's fucking, uh, immediately. Let me just clarify if we have an affinity stone or not.

• 3:10Caleb Hammer?

  Have you paid your taxes?

• 3:11Speaker 05

  Currently I haven't filed my taxes for this year.

• 3:14Caleb Hammer?

  Well, what's for this? What do you mean for last year?

• 3:16Speaker 05

  For twenty twenty four, I haven't done them yet.

• 3:19Caleb Hammer?

  Yeah.

• 3:19Speaker 05

  For twenty twenty three.

• 3:21Caleb Hammer?

  Okay, well, that's a bigger one. That's a bigger one.

• 3:25Speaker 05

  Thankfully, well, I did attempt to go file my taxes. I kind of had an issue with that. The place I went to seemed kind of shady, to be honest with you.

• 3:35Caleb Hammer?

  The fuck does that even mean? What's shady? TurboTax.com? Oh, no.

• 3:40Speaker 05

  No, not TurboTax.com. I don't.

• 3:42Caleb Hammer?

  Where the fuck did you go?

• 3:43Speaker 05

  Um, I went to a building that was recommended to me by someone in South Florida. Let's just.

• 3:48Caleb Hammer?

  You went to a building?

• 3:50Speaker 05

  Yeah.

• 3:50Caleb Hammer?

  Not someone, you went to a building?

• 3:53Speaker 05

  It's a very nice building.

• 3:54Caleb Hammer?

  Does that even mean I went to a building? You didn't go to a specific tax group. You went to a building?

• 4:00Speaker 05

  Well, it was a tax group inside of a building that I was referred to.

• 4:04Caleb Hammer?

  Well, I would assume you'd go to a building to meet them. Okay. So this tax group, it was recommended to you?

• 4:10Speaker 05

  Yeah, and overall, uh, I went with the intention of getting my personal taxes set up, uh, doing my small business taxes.

• 4:20Caleb Hammer?

  When did you go?

• 4:23Speaker 05

  February, March-ish of last year in 2024.

• 4:26Caleb Hammer?

  Okay, with the attempt to pay 2023's taxes, okay.

• 4:28Speaker 05

  Yes, sir.

• 4:29Caleb Hammer?

  Sure.

• 4:29Speaker 05

  Um, for 2023, I was working in a shop, so I had a 1099. So I had a 1099 from the shop.

• 4:37Caleb Hammer?

  Sure.

• 4:37Speaker 05

  Made a lot less that year. Went to go file my taxes and.

• 4:43Caleb Hammer?

  Just a 1099?

• 4:44Speaker 05

  Yeah.

• 4:46Caleb Hammer?

  How much help did you need to file these taxes? Things sure don't have been overly complicated.

• 4:50Speaker 05

  I genuinely have no idea.

• 4:52Caleb Hammer?

  Why didn't you try to file online? Well, what did this look like?

• 4:55Speaker 05

  Um, normally I filed a W two for the job I worked.

• 4:58Caleb Hammer?

  Yeah, the easiest it could be, sure.

• 5:00Speaker 05

  Super easy. Always did it myself.

• 5:02Caleb Hammer?

  A little more complicated and you freaked out?

• 5:04Speaker 05

  Um, I wanted to make sure I did it right. I didn't really know anything about small business taxes or a 1099 at the time. Like I said, I taught myself how to make money, not how to use money. Taught myself how to scale my business.

• 5:18Caleb Hammer?

  Use money. Paying taxes isn't using money. That is a part of earning money. Taught yourself how to earn money, but on the second half where you owe the government money.

• 5:26Speaker 05

  Didn't think about the government. Didn't think about the government too much on that one. I was like, all right, at the end of the year, I'll go have my money.

• 5:32Caleb Hammer?

  Okay, so what happened with this tax group?

• 5:34Speaker 05

  Anyways, um, they, uh, tried to tell me I would get a hundred thousand dollars back.

• 5:41Caleb Hammer?

  Oh, of filing a hundred thousand dollars back?

• 5:43Speaker 05

  Right.

• 5:44Caleb Hammer?

  Whoa, whoa, whoa, okay. Of, in 2023, you were a 10, you 1099 all year?

• 5:51Speaker 05

  Yes, sir.

• 5:52Caleb Hammer?

  All year?

• 5:52Speaker 05

  Yeah, yeah.

• 5:54Caleb Hammer?

  And you will, you have. Back? What did you give the government at that point?

• 5:59Speaker 05

  I didn't pay my taxes.

• 6:00Caleb Hammer?

  So what do they mean you're gonna get something back?

• 6:02Speaker 05

  So when I went to the place at first, it was cool, seemed normal.

• 6:10Speaker 05

  Seemed a little sketch out, but they're like, oh, you have a small business. We can take out a loan or set up something for that. Uh, once they started talking like that, I was like, this probably is not the place for me.

• 6:19Caleb Hammer?

  Well, what do you mean? They may have had a str- a tax strategy specifically designed for your business that would have saved you money on taxes. On maybe loaning yourself money or something. I don't know. It was.

• 6:29Speaker 05

  Yeah, I didn't know.

• 6:29Caleb Hammer?

  I don't know without the nuance that you're able to provide, but you just heard loan and you got scared and ran?

• 6:34Speaker 05

  Uh.

• 6:34Caleb Hammer?

  It might be safe for you, seeing how much debt you're in, which by the way, I don't even know the fucking number. I just know there's a shit on here. So what do you mean? You ran from that?

• 6:43Speaker 05

  Uh, to be honest, it just didn't make sense to me.

• 6:45Caleb Hammer?

  Well, can you even explain it to me? What they were offering?

• 6:49Speaker 05

  They were talking about filing my taxes and that they they thought I could get were telling me I would get around a hundred thousand dollars back.

• 6:56Caleb Hammer?

  Well, you mentioned this thing about a loan for me. Like, what are we talking about?

• 7:00Speaker 05

  Well, I went there talking to them if there's options for like a small business loan or things like that. Like I said, I don't know much about running a business. Trying to learn. So they came to me talking about how with a hundred thousand dollars, they could do this and that, but it didn't seem legitimate. And it just seemed very sketch. They were talking about outsourcing me to somebody else. And at that point, once I started trying to contact the people to go meet them in person, that person kind of disappeared. And I was just like, yeah, I'm gonna worry about this at a later time. So I need to figure out how I'm gonna do my 2023 taxes.

• 7:37Caleb Hammer?

  Why did you go to another people or just online again? Why'd you just give up?

• 7:44Caleb Hammer?

  You just looked at the camera?

• 7:47Speaker 05

  Yeah, I I work a lot. I work seven days a week.

• 7:50Caleb Hammer?

  Are you trying to work the camera?

• 7:52Speaker 05

  No, no, no. But

• 7:57Speaker 05

  anyways. So honestly, I just

• 8:01Caleb Hammer?

  is

• 8:01Speaker 05

  put it to the

• 8:02Caleb Hammer?

  Is this as much of a joke as your taxes?

• 8:04Speaker 05

  No, not at all.

• 8:06Caleb Hammer?

  Oh, what are you doing?

• 8:09Caleb Hammer?

  Why you put in a little show on for the

• 8:10Speaker 05

  Just just explaining the situation, you know?

• 8:13Caleb Hammer?

  Okay, while also staring into their souls?

• 8:16Speaker 05

  I guess.

• 8:18Caleb Hammer?

  Okay, interesting. We might get our the CPA we work with for our other brand, Simpler Money, with of course, a simpler budget app. Like, we're trying to make it the best budget app ever. We might get our business tax expert on the phone.

• 8:35Speaker 05

  Yeah.

• 8:35Caleb Hammer?

  And see what he thinks about this and maybe actually.

• 8:41Caleb Hammer?

  Be able to describe what the saying cuz I have no idea. Okay, so what is going on, man? What is going on? Cuz I did ask about the tax situation cuz I just had a wild guess cuz you're on this show. People love to not pay taxes as business people here. So who would have thought? But what is going on?

• 8:59Speaker 05

  I do wanna pay my taxes. I do wanna pay my taxes.

• 9:02Caleb Hammer?

  Okay, but you didn't. So I don't give a if you want to. What do you mean?

• 9:04Speaker 05

  For sure, but my

• 9:07Speaker 05

  Well, I do wanna pay them.

• 9:09Caleb Hammer?

  If you're not doing it, what do you mean you want to, but you're not? What's the point of want without doing?

• 9:15Speaker 05

  I tried to go pay them.

• 9:16Caleb Hammer?

  What is that? No, you walked into a firm and then you did nothing after that. You didn't put in any effort whatsoever. You had

• 9:21Speaker 05

  Well, I didn't just walk in.

• 9:22Caleb Hammer?

  Ran away like a little child.

• 9:23Speaker 05

  One conversation.

• 9:24Caleb Hammer?

  Hibernated.

• 9:25Speaker 05

  No.

• 9:25Caleb Hammer?

  With the firm.

• 9:26Speaker 05

  I didn't just have one

• 9:27Caleb Hammer?

  With the firm?

• 9:28Speaker 05

  Yeah.

• 9:28Caleb Hammer?

  You with the one firm?

• 9:30Speaker 05

  I went to a tax place.

• 9:31Caleb Hammer?

  One?

• 9:33Speaker 05

  And

• 9:33Caleb Hammer?

  And they didn't work. So you go to another Google?

• 9:37Speaker 05

  Uh, I probably should have did that. Yeah.

• 9:41Speaker 05

  For me, I was just sitting there and I was like, all right, the process they were they it was a back and forth process. So after like a month of my time wasted, it kinda went to the back of my mind and I was like, all right, we'll figure this out as time goes on. So it's been one year.

• 9:56Caleb Hammer?

  Okay, one year since the filing that you would have done.

• 9:58Speaker 05

  Yeah, just one year.

• 9:59Caleb Hammer?

  Now, even still, uh, twenty twenty four, how much of this were you ten ninety nine versus just full like?

• 10:10Speaker 05

  Yeah.

• 10:11Caleb Hammer?

  Yeah, the whole year. Is that what you're saying?

• 10:13Speaker 05

  Yeah, other than the first two months. So for the first two months of twenty twenty four, I was still in the shop and then I went into my own studio.

• 10:20Caleb Hammer?

  So good news about twenty twenty fours. You're a little late right now to make an estimated payment essentially. And then you would get your full filing done, obviously by the deadline. However, if it's your first year in business, you'll probably be fine in terms of filing late filing for extensions without having to pay any penalties.

• 10:39Speaker 05

  Gotcha.

• 10:39Caleb Hammer?

  Lucky on that. Twenty twenty three, not so lucky on.

• 10:45Caleb Hammer?

  Do you know how much into how much did you earn? How much did you earn in twenty twenty three? What was the reported earnings?

• 10:50Speaker 05

  Three ten ninety nine. Uh, what I was paid out was like around sixty thousand, I believe, sixty nine thousand.

• 10:58Caleb Hammer?

  And what were your expenses that you put into that? For the year?

• 11:02Speaker 05

  I'd have to go through paperwork.

• 11:06Caleb Hammer?

  What did you? You don't know a general number? Wait, when you went to file, did you? Were you not ready? Did you not have those numbers? So did you ever get those numbers?

• 11:15Speaker 05

  Like.

• 11:15Caleb Hammer?

  So you never knew those numbers, your expenses? Yes, your business expenses.

• 11:19Speaker 05

  No.

• 11:21Caleb Hammer?

  What do you?

• 11:21Speaker 05

  I guesstimate around five hundred dollars a month.

• 11:23Caleb Hammer?

  That's it?

• 11:24Speaker 05

  Sometimes more, yeah. It varies. It varies if I.

• 11:30Caleb Hammer?

  So let's say like eight thousand hours a year, maybe, and you made sixty?

• 11:33Speaker 05

  Sure.

• 11:34Caleb Hammer?

  Let me do some quick back math on what you would owe.

• 11:38Speaker 05

  It could be more. But we'll use eight thousand as a safe estimate.

• 11:43Caleb Hammer?

  Well, you said five hundred a month and I rounded, I made up two thousand extra.

• 11:47Speaker 05

  Okay, yeah, I guess that that works. I, like I said, I don't know, I'd have to go through and and see how much I actually spent.

• 11:53Caleb Hammer?

  Business expenses? Are you gonna be able to fully prove it, receipts and everything?

• 11:57Speaker 05

  Hundred percent, yeah.

• 12:00Speaker 05

  It'll be tattoo supplies, needles, machines, uh, inks.

• 12:04Caleb Hammer?

  I'll give you nine thousand hours.

• 12:07Speaker 05

  I definitely need someone to go in and help me figure this part out.

• 12:11Caleb Hammer?

  Why don't you? Go to someone that that's your responsibility. Uh, I just need to.

• 12:19Caleb Hammer?

  What? What do you mean? You're like laying that on someone else's foot? Come on.

• 12:22Speaker 05

  No, no, I definitely just, uh.

• 12:24Caleb Hammer?

  This is all you, man.

• 12:25Speaker 05

  For sure.

• 12:26Caleb Hammer?

  What was your plan for this? Because again, you would have had to pay some estimated at this point.

• 12:29Speaker 05

  For this year?

• 12:31Caleb Hammer?

  Last year.

• 12:31Speaker 05

  For, well, for twenty twenty four.

• 12:36Speaker 05

  Yeah.

• 12:36Caleb Hammer?

  Uh huh.

• 12:37Speaker 05

  Yeah.

• 12:37Caleb Hammer?

  Yeah. You get a year of grace period and you have used your year. So don't get up for this next year, man.

• 12:44Speaker 05

  Definitely won't.

• 12:45Caleb Hammer?

  Yeah, you sure?

• 12:46Speaker 05

  Yeah, that's.

• 12:46Caleb Hammer?

  So what is going on? I'm gonna calculate your taxes, ish.

• 12:51Speaker 05

  So I'm here mainly, uh, definitely for like advice.

• 12:54Caleb Hammer?

  I'm asking what's going on.

• 12:55Speaker 05

  Explain my situation, uh, going on as far as my lifestyle, my work.

• 13:05Speaker 05

  Going on my taxes?

• 13:07Caleb Hammer?

  With you, buddy.

• 13:09Speaker 05

  Oh, with me.

• 13:11Caleb Hammer?

  Here. What is going on? My goodness.

• 13:13Speaker 05

  So anyways, yeah, I tattoo full time.

• 13:15Caleb Hammer?

  Wonder you couldn't figure out how to go to a second place.

• 13:16Speaker 05

  I work about seven days a week and I'm just trying to figure out where I should start utilizing my money, how to fix my current debt situation and how to move forward from there. Like I said, no excuses. I could have done the research myself. Uh, this is my attempt and learning right now. So I'm trying to figure that part out. Uh, what should I do to pay down my debt? What's a good strategy for it? What should I invest towards the future once I fix my tax problem?

• 13:42Caleb Hammer?

  What's going on in your life?

• 13:45Speaker 05

  Life's good. I like my lifestyle, actually. I live very good.

• 13:48Caleb Hammer?

  That could be a problem.

• 13:49Speaker 05

  It definitely could be. So I feel like.

• 13:52Caleb Hammer?

  Do you see how those goals might conflict?

• 13:56Speaker 05

  Got to make changes in my current lifestyle to.

• 13:58Caleb Hammer?

  You said I'm happy with it and my life is good.

• 14:00Speaker 05

  Yeah.

• 14:01Caleb Hammer?

  I had large purchases. Oh, hold on. Let me just get some just basic income here. As I'm getting some calculations being did and done.

• 14:10Speaker 05

  So.

• 14:10Caleb Hammer?

  Okay, so the Zelle, the Square, the external deposit, the ATM deposit and Apple Cash In, is that all income?

• 14:17Speaker 05

  Yes.

• 14:18Caleb Hammer?

  Good. So $14,000 came in. Of course you set 30% aside for future taxes. I'm assuming you did not.

• 14:24Speaker 05

  Not 30%.

• 14:25Caleb Hammer?

  Of course not. Why would we do that? Now, what do you think your spending was for, for the month?

• 14:30Speaker 05

  Uh, probably $10,000 ish.

• 14:34Caleb Hammer?

  Okay, $14,409. So you were over by a few hundred bucks.

• 14:39Speaker 05

  Yeah.

• 14:39Caleb Hammer?

  Why do you think you, yeah? He just says, yeah, even though you said, no, you just said it was $10,000 and then I correct you and it's more than you made. You're like, yeah.

• 14:49Speaker 05

  No, my bad.

• 14:49Caleb Hammer?

  What do you mean?

• 14:50Speaker 05

  I zoned out.

• 14:50Caleb Hammer?

  Where would you be zoned out? What did you zone out? What are you zoning out? Major channel announcement. Budgety, budgety, budgety. It's a new year. We're all trying to budget. We're all trying to make it a little better. Trying to improve our life. A lot of people on the show, a lot of people out there that I've heard from, they try to start a budget. They can't stick to the budget. It's because it's all too damn complicated right now. Any of the budgeting apps out there is crazy. It's hard to know what's even going on. It's impossible to set up and it's a chaos to manage. That's why over this last year I did the thing. I made a budgeting app for you guys. This does not need to be complicated. You're trying to take control of your life. So it should be simple. It should be chill.

• 15:33Caleb Hammer?

  It should be easy to set up and easy to manage. I've called it simpler budget because that's all it is. It's your simpler budget. But we upped the ante with continued education and an ad free version. In the premium version of simpler budget, you can track your spending, set goals and stick to a plan that actually works by connecting to all of your bank accounts automatically. No manual stuff here. There's actually weekly live sessions with financial professionals to answer your questions and keep you on track. They'll be teaching lessons and you can ask them things and they will actually help. There's also weekly mini classes keeping you up to date and educated on every financial topic you need to improve your life.

• 16:15Caleb Hammer?

  Plus for a limited time right now, you get access to our new budget friendly cookbook with 55 money saving recipes to eat well without overspending. It's time to actually make a budget and stick to it for the first time ever. Let's take control of our 2025 and make this the best year ever. Download the simpler budget app today. A link in the description below. This budgeting app will change your life.

• 16:40Speaker 05

  No, I was just thinking.

• 16:41Caleb Hammer?

  What do you mean? You answered the question. What are you, what are you talking about zone out?

• 16:45Caleb Hammer?

  No.

• 16:45Speaker 05

  I, that's what I was trying to say.

• 16:47Caleb Hammer?

  What are you trying to say?

• 16:49Speaker 05

  I didn't realize how much I'm, I was spending. So a big reason that I'm here is back in the summer.

• 16:54Caleb Hammer?

  My lifestyle is good. Everything's great in my life. It's only my debt, guys, and I want to figure out how to pay it off, but I'm not willing to adjust my lifestyle.

• 16:59Speaker 05

  No, I didn't say that. Life's good. I like my lifestyle, actually. I live very good. I'm able to adjust my.

• 17:05Caleb Hammer?

  I love my, yeah, but I asked what's going on in your life and you say, I love my life. My life is fine. It wouldn't be fine. It wouldn't be in this case.

• 17:12Speaker 05

  I'm trying to get to that. So I'm used to not having money and living in South Florida. And I think like a big problem for me is the lifestyle creep. I didn't expect to make the money I'm making. And then I started living a little bit, maybe not a little bit, way too outside of my means. Uh, I think with that, I slowly and surely adjusted into a lifestyle that I didn't realize was

• 17:38Caleb Hammer?

  What's the lifestyle?

• 17:39Speaker 05

  Uh, going out all the time, going with the girls we're dating, we'll go out in the east.

• 17:44Caleb Hammer?

  The girls were dating?

• 17:45Speaker 05

  Uh, me and my friends will go with the girls we're dating and hit strip clubs. We'll go out to the clubs.

• 17:49Caleb Hammer?

  Romantic?

• 17:50Speaker 05

  Party.

• 17:50Caleb Hammer?

  Oh my goodness, do I have the post-show? The post-show story to tell today.

• 17:56Speaker 05

  So, I didn't realize how much money I've been spending, uh, cause in the moment, life feels good.

• 18:03Caleb Hammer?

  Yeah.

• 18:04Speaker 05

  Life feels great.

• 18:05Caleb Hammer?

  Titties.

• 18:06Speaker 05

  Right. Girls, titties, ass, eating whatever you want, doing whatever you want, whenever you want, going out. Uh, but I feel like trying to catch myself now before I need a ladder to dig out the hole.

• 18:18Caleb Hammer?

  Well.

• 18:18Speaker 05

  Well, I could still try to.

• 18:19Caleb Hammer?

  But you're in the hole, you, it's the taxes, man. You probably owe about ten thousand nine hundred and eleven dollars. So around eleven thousand dollars is kind of ish what I got.

• 18:29Speaker 05

  Got you.

• 18:30Caleb Hammer?

  That's a substantial amount of money. That's basically your monthly.

• 18:34Speaker 05

  Right.

• 18:35Caleb Hammer?

  That's basically your monthly after you set money aside for taxes. A whole month is taken away and then you have to deal with all the other bills and you're in other debts. So where do you think your finances are on a total score of zero to 10, zero being the absolute worst, 10 being the absolute best?

• 18:48Speaker 05

  Like a two.

• 18:49Caleb Hammer?

  Okay. I, I personally don't know. We're gonna go through this together. I haven't gone through your finances yet. Um, I like to kind of go through it with the audience. It's a new thing we're trying. So, all right, if you guys want your Hammer Financial Score, it's free. Link in the description below. See where you stand in the world of finances. And if you want to come on the show, you can fly here from wherever. We'd be happy to have you. Go ahead and go to CalebHammer.com/apply. And yeah, you'll go through the whole onboarding process. You'll come here, you'll sit with me. It'll be a good time because you're from the audience, right?

• 19:20Speaker 05

  Yes, sir.

• 19:21Caleb Hammer?

  Yeah, like everyone is. It's really interesting. Okay.

• 19:23Speaker 05

  I definitely am a Taquitos madman, as you'll see with my expenses.

• 19:29Caleb Hammer?

  Okay. So discover it.

• 19:34Caleb Hammer?

  Right here. Um, we are immediately, we're immediately over. Okay.

• 19:43Speaker 05

  I didn't realize.

• 19:43Caleb Hammer?

  We're starting with, you didn't realize.

• 19:45Speaker 05

  Yeah.

• 19:45Caleb Hammer?

  You seemed that last like maybe five minutes seemed so self-aware. I was like, okay. So this conversation, this might be easy to come up with a conclusion at the end. I wasn't aware I was over on a credit card. The first credit card. What are you, what's the, you're talking about? You owe, you owe to the Discoverit card, one thousand five hundred four dollars and six cents with a minimum monthly payment of sixty one dollars. I wasn't aware. Why weren't you aware? What do you mean?

• 20:11Speaker 05

  I didn't realize I was over.

• 20:13Caleb Hammer?

  Well, how about this? You spent, you paid less than the minimum monthly payment. First, let's start there. Second, you had that purchase a hundred and eleven dollars. Well, how many tits did this purchase? How many tits are you buying? Then forty one dollars of fees. Is that the tip fee? And then thirty three dollars and nineteen cents of interest. I mean, your credit score is kind of shit anyway. Yeah, you've inflated yourself. So what the, what's this fee even for? So we're getting insurance? What's P school? What's P school? What do you?

• 20:39Speaker 05

  Uh, it's actually a, a, it's a tattoo educational course.

• 20:44Caleb Hammer?

  So we're.

• 20:45Speaker 05

  School is.

• 20:46Caleb Hammer?

  Going over our credit card balance on a tattoo educational course, of which is an industry we're already being successful in. But instead, the finances that we're not being successful in is what we're fucking up in order to.

• 20:56Speaker 05

  How much was that for?

• 20:57Caleb Hammer?

  Something we're already doing?

• 21:00Speaker 00

  It's getting chilly outside. But you know what that means?

• 21:06Speaker 00

  It's time to cozy up with Panera Bread. Let's get toasty, cheesy. Oh, hello, broccoli cheddar soup in a bread bowl. How about melty? Okay, Chipotle chicken avo melt. It's dipping bread and soupy goodness season. Oh yeah, we are so back. It's Panera season. Order now.

• 21:29Caleb Hammer?

  Uh, thirty nine and then a dollar and then seventy one for life insurance. You got life insurance coming out of a credit card? A credit card that is maxed out, that is accruing interest, that is gaining fees?

• 21:38Speaker 05

  Yeah.

• 21:39Caleb Hammer?

  Yeah.

• 21:40Speaker 05

  I didn't realize I was over because I always do make the minimum monthly payments.

• 21:44Caleb Hammer?

  Uh, are you sure? Because I see many years start, uh, many fees charged in the year twenty twenty four, meaning, ah, I don't think so. I think we probably had fees of not paying the minimum payment because we were probably late. Oh, there it is. That's what happened this last month is a late fee and you probably had about three last year. So, eh, incorrect, incorrect. You can't lie. I have your numbers. You cannot lie. You cannot look here like the good little boy. Now that you are on camera, I will call out the bull's, okay? Okay. This isn't a fucking bowl of Lucky Charms. I will call out the bull.

• 22:18Speaker 05

  I'm just confused because I have them on auto pay.

• 22:21Caleb Hammer?

  You probably didn't have enough money in your fucking bank, dude.

• 22:23Speaker 05

  I'm, I'm pretty sure I had enough to pay for that.

• 22:25Caleb Hammer?

  Well, guess what? You have a late fee right here. You're a little ten, a late fee right there. And three last year. I always make the minimum monthly payment. Late, late, late, three last year. And then the statement we have, late.

• 22:41Caleb Hammer?

  So what are you talking about?

• 22:42Speaker 05

  They were paid, um, on time.

• 22:44Caleb Hammer?

  How would you not know? Have you never budgeted? Are you not someone that budgets? Do you not? You've never budgeted.

• 22:48Speaker 05

  My philosophy has always been, I just need to make more money.

• 22:53Caleb Hammer?

  That never works. We've, we're seeing this. This is a repeated pattern. This is a repeated pattern. And especially in American finances specifically, I don't know other cultures as well, obviously, but Americans think they can just earn their way out of the debt. And even the people, even the people that like hate the show, they're always like, wow, they're in this much debt because they don't make that much. It doesn't matter, man. It doesn't matter. I can get people that don't make that much money out of debt. And I've seen people that don't make money, have, don't make much money, have less debt than you.

• 23:26Speaker 05

  Yeah.

• 23:26Caleb Hammer?

  And then the higher you earn, the more debt and more earnings is going to make you spend even more. You're going to get a pay raise by ten percent. You're going to spend twenty percent more. That is what happens with you.

• 23:35Speaker 05

  Problem because when I wasn't earning this, my bills were paid on time. I had no.

• 23:39Caleb Hammer?

  What do you mean? When? Wait, when did we start getting into debt?

• 23:42Speaker 05

  The past two, three years, maybe since I started tattooing and making a lot more money than before.

• 23:47Caleb Hammer?

  How much?

• 23:48Speaker 05

  I used to make twenty to forty thousand dollars a year, lived on my own, bills always paid.

• 23:52Caleb Hammer?

  You made sixty in twenty three. What did you make in twenty two when you started going into debt?

• 23:58Speaker 05

  Probably 2023 then is when I started going into debt. So I remember.

• 24:04Caleb Hammer?

  Your philosophy is what?

• 24:06Speaker 05

  That I just need to earn more money.

• 24:09Caleb Hammer?

  Correct. All right. You do not.

• 24:11Speaker 05

  So I'm trying to learn.

• 24:11Caleb Hammer?

  You do not get to leave this building. We will lock you in and bring out every weapon we have. Until you download the simpler budget debt because that is a broken philosophy. At least in there with the automatic connection to your account, you'll see the money.

• 24:26Speaker 05

  Right.

• 24:27Caleb Hammer?

  That is coming in. You'll see your income and then you can at least know that, okay, this is how much I'm making. Here's the spending categories that I set up and I won't overspend on them, meaning I won't. Making more money, you will see it reflected and you will not spend over that because you're going to track it on a damn monthly basis.

• 24:45Speaker 05

  I need that.

• 24:46Caleb Hammer?

  Yes, you do. No shit.

• 24:47Speaker 05

  Definitely need that because I went from making 900 every two weeks on a paycheck to some days I'll do $1,300 a day. And spending $200.

• 24:57Caleb Hammer?

  Issue though.

• 24:58Speaker 05

  No, it shouldn't be. It is because I now justify to myself spending $200 like I'll make it tomorrow.

• 25:06Caleb Hammer?

  That's the issue, not the.

• 25:07Speaker 05

  That is the issue.

• 25:08Caleb Hammer?

  The income variation.

• 25:09Speaker 05

  It's the mindset I've had with it, which I'm trying to fix.

• 25:12Caleb Hammer?

  But again, he sounds reasonable, but then you have the, well, my philosophy is, uh, I'm just gonna earn my way out of it, which, uh, that hasn't worked for two years. In fact, you started making more money and you went into more debt. So obviously earning my way out of it is not something that is working. So you sound reasonable.

• 25:26Speaker 05

  When you put it like that.

• 25:27Caleb Hammer?

  And then you sound like a dumb. I know.

• 25:30Speaker 05

  Hey, that makes a lot of sense. My philosophy is screwed, but I thought it was working good. I was living chill, nice, relaxed lifestyle. Now it's like, all right, I got access to do whatever I want to do whenever I want to go out. If I want to take a trip and go on vacation, I could do that. Uh, you know, I don't think about the money as much, which is a problem.

• 25:50Caleb Hammer?

  Sorry for the weird cut there. We just literally had the power flicker, but sorry. Okay.

• 25:54Speaker 05

  I peed my pants a little. I got scared.

• 25:57Caleb Hammer?

  Okay.

• 26:01Caleb Hammer?

  How long does this take to take the payoff just doing the minimum payment, which by the way, of course you don't do because you don't pay it on time. You don't do the full amount of it and you actually purchase on it. But let's just say you did the minimum payment on time. How long does this take to pay off?

• 26:13Speaker 05

  Uh, what's the total on the card?

• 26:15Caleb Hammer?

  Thousand five hundred, four dollars, six cents.

• 26:18Speaker 05

  Three years?

• 26:19Caleb Hammer?

  Ten years, you'll be forty one years fucking old.

• 26:22Speaker 05

  I didn't know that. I didn't expect that one. I thought minimum payments would get me there, you know, sixty divided by a thousand or a thousand divided by sixty. So.

• 26:32Caleb Hammer?

  Yeah, I said this would be paid off in your sixties because you spent, no, this will never be paid off. You spend more than you put on and then what you put on it is late. So you get fees added onto it anyway. And then with the interest accruing, it's just like the whole thing is fuck you.

• 26:43Speaker 05

  See, I didn't even think about that part either. Is everything I've been paying the, no, the everything I've paid for the last year has been interest payments.

• 26:51Caleb Hammer?

  No, if you do the minimum payment on time, yes, the majority of it goes to interest, but you do start hitting the net.

• 26:57Speaker 05

  I didn't even, yeah, I didn't really think much about.

• 26:59Caleb Hammer?

  But if you're late on your payment with the fee added, then no, you're not making any progress towards net. And especially if you're purchasing on it, that is why you're over the credit limit.

• 27:07Speaker 05

  Just getting cooked. I'm kind of cooked on that one. All right. I need to change that. I didn't realize that. I always thought if you make the minimum payment, it'll pay off like a car payment. But now I have a late fees and that's where I'm screwed.

• 27:20Caleb Hammer?

  If you're late on a car, that wouldn't happen.

• 27:23Speaker 05

  Right. They take the car.

• 27:25Caleb Hammer?

  No, not late fees. That's no pain, but your late fees, yes, that'll add fees. That means that maybe depending on your car loan situation, you're not making any money net towards it with the money that you are paying.

• 27:36Speaker 05

  Yeah. I mean, to be honest with you, man, I just, it is kind of a cop out and excuse, but no one in my family is good with money.

• 27:45Caleb Hammer?

  No one in anyone's family is good with money. Fuck you. That's America. Welcome. We learn things. You have access to Google. You have access to more tools than any generation has ever had access to. That excuse holds no fucking water. No, it holds nothing. You have free library, you have free e libraries. You have chat GPT, you have Google, you have YouTube resources, you have our fucking budgeting course. You could have taken our budgeting course. I'm glad you get it for free now.

• 28:09Speaker 05

  It's funny, I was. It was a random decision I had. I've been watching your show for maybe three months now. Starting to become more conscious.

• 28:17Caleb Hammer?

  Sounds a little like, oh wait, this guy might not be a complete dumb. But then he just loses track of it and goes back to his old ways.

• 28:24Speaker 05

  So I'm trying to fix that. Trying to do a little bit better. Need to do a lot better. But actually, I was going to um. Pay for your course. And that was my crap shot. I was like, let me just apply to be on the show and see if I could maybe do it that way.

• 28:39Speaker 05

  So I'll make sure to utilize that.

• 28:40Caleb Hammer?

  Yeah, but instead of being over the rainbow like people like you should be, you're over the credit limit.

• 28:44Speaker 05

  Right, which is horrible. I don't want to be, I want to be the one that breaks the cycle in my family. Like I said, no one in my family's been good with money.

• 28:53Caleb Hammer?

  You're doing nothing to do that.

• 28:54Speaker 05

  I built a business. I got it to a decent point.

• 28:56Caleb Hammer?

  Now you're into a worse financial situation than when you didn't have your business. So what the?

• 29:00Speaker 05

  And I need to get out of that. So I can keep going forward.

• 29:02Caleb Hammer?

  I know, but that isn't going to help this conversation. You guys hear how he's doing this? I just want to make sure. Do you hear the language? Every time he gets a little bit of pushback on anything he does wrong, it's like, and I know that's wrong. And that's why I need to stop doing it. That doesn't. Accomplish anything. You're shut the up. You're using that as an, you're using that as a cop out. You are using that as a cop out to not get any, you are getting pushed back for the very first time in your life and shut the up for a second. You are shut up. You are.

• 29:30Speaker 05

  But I gotta ask you a question. It's important, man.

• 29:32Caleb Hammer?

  Oh my, you are using that as a damn cop out instead of actually confronting your situation. So that you can sound good on camera when in reality, your numbers are not reflecting the language you're using. So shut the up.

• 29:46Speaker 05

  Right. So what I'm trying to say is like. I just didn't have any idea what to do. I didn't realize I was making the money I was making. I didn't even check until December how much I made this year. And then I was like, damn, I'm broke, but I'm making over a hundred thousand dollars a year. That's a problem. A big problem. So. I'm trying to fix that.

• 30:05Caleb Hammer?

  There it is again. This guy's okay, but this is the guy that you try to have a serious conversation with, and you actually never get anywhere because he does the little thing that just sounds slightly right. So that the conversation can just be negated and you're like, because you can't, you don't want to naturally push back against that. Because it's like, you're like, oh, well, that's kind of reasonable, but then none of his actions outside of his actual in language is associated with it. So really, it's almost more of a manipulative tactic.

• 30:33Speaker 05

  I'm paying my bills.

• 30:35Caleb Hammer?

  You're literally late on the credit card. Shut the up.

• 30:38Speaker 05

  But I didn't miss the payment. I didn't.

• 30:40Caleb Hammer?

  You were late. You had fees added. You are over the credit limit. Shut the up. There is nothing you can say that is going to get you out of that. You're going to try to look good. You, you don't look good and now you're looking worse, even though you're trying to look good. Shut the up. Shut up. Buddy, I want you to do well, but your.

• 30:58Speaker 05

  Attempted learning, you know, I'm failing right now. I'm trying to learn.

• 31:02Caleb Hammer?

  He's doing it right now. Listen, anyone like this, you've had the conversation out there. You know exactly what is happening. You are trying to manipulate this conversation and it is weird, man. Instead of actually taking to heart the things that are being done and just listening, you're trying to look good. When in reality, the numbers, the numbers that have come from your actions are not reflected to the words you are using. So your words are manipulative and pointless. So shut up. We're going to the next credit card.

• 31:31Speaker 05

  Yes, sir.

• 31:31Caleb Hammer?

  Blue cash every day American Express. You owe $3,485.38 with a minimum monthly payment of $125.25.

• 31:49Caleb Hammer?

  Okay, this one's weird because you kind of almost paid off the credit, but then you put a money, all the money back on it again. But even worse, instead of putting the money towards the card before the interest hit, you see, had all the interest hit anyway. $91.31. I mean, you're at the credit limit. You're at the credit limit. I'm so confused. What, what's going on?

• 32:07Speaker 05

  So I started using this card as like a secondary debit card.

• 32:14Caleb Hammer?

  It's a credit card.

• 32:15Speaker 05

  Well, I started trying to use it as a debit card where you're.

• 32:18Caleb Hammer?

  It's not. It's a credit card. You're a tit.

• 32:20Speaker 05

  Yeah, but I was trying to use it to accrue the, the bonuses.

• 32:23Caleb Hammer?

  May I ask, how'd that work? You're losing $91 a month. I don't think most credit card, most debit cards have a $91 a month fee. So shut the uh.

• 32:32Speaker 05

  The reward dollar says 69 though.

• 32:34Caleb Hammer?

  $69?

• 32:35Speaker 05

  Yeah, $69 in rewards.

• 32:37Caleb Hammer?

  Okay, as of November of last year, so how long did it take to create the $69?

• 32:42Speaker 05

  But I tried to use this.

• 32:43Caleb Hammer?

  How long did it take to create the $69?

• 32:45Speaker 05

  I really couldn't tell you.

• 32:46Caleb Hammer?

  How long have you had this card?

• 32:47Speaker 05

  Two years.

• 32:48Caleb Hammer?

  How often do you pull the cash out?

• 32:51Speaker 05

  Maybe every like couple, four or five months.

• 32:53Caleb Hammer?

  Alright guys, this is super exciting for this financial audit channel. I got big news for you today. For the rest of this week, if you join our YouTube membership at the elite level or upgrade from pro to elite, I'm going to pay for it. I am gonna directly reimburse you for the $5 for upgrading or $10 if you join now. It's essentially like a free trial, except since it doesn't offer it, I'm gonna pay for it for you. All you have to do is follow the instructions that I'm gonna post in the membership area. Send us that proof and I'm gonna send you the money and boom.

• 33:24Speaker 05

  Boom.

• 33:25Caleb Hammer?

  You joined Hammer Elite for free. Yes. Seriously guys, there's thousands of hours of extra content there. You got two exclusive member audits a month. The ability to call into our new live show, which is also two a month. You just broke Lindsay's heart.

• 33:39Speaker 06

  No, that's not true. Honestly, Ashley.

• 33:42Caleb Hammer?

  That's Lindsay for you. Weekly live streams.

• 33:45Speaker 01

  So Caleb, what's your social security number? Caleb, I'm doing it. 38. That is definitely gonna get on your shirt.

• 33:54Caleb Hammer?

  Three, two.

• 33:58Caleb Hammer?

  And every single financial audit post show, plus member weekly videos. It's crazy how much we have going on.

• 34:04Speaker 01

  Well, I got so drunk, I kissed a grandma in Spain with that, with only partial consent and then I ran off.

• 34:11Caleb Hammer?

  Stop. Plus, it really helps support this channel, so let me pay for it for a month, so you have the opportunity to check it out. Make sure you click the link in the description below or the pinned comment below and I'll see you guys there. And again, make sure it's the middle tier Hammer Elite, so that I pay for it. This offer expires at the end of this week. So it takes, let's say it takes four to five months to accumulate $69, but you lose $91 on a monthly basis.

• 34:35Speaker 05

  But I tried to use this one for my business expense.

• 34:37Caleb Hammer?

  Are you talking about? It doesn't make sense though. The rewards are not justifying this. It's not even covering a full month of the interest at a cruise, but then the interest at a cruise on this.

• 34:47Speaker 05

  What's the interest on it?

• 34:48Caleb Hammer?

  $91.31.

• 34:50Speaker 05

  See, I told you. Damn, I didn't even.

• 34:53Caleb Hammer?

  I literally just told you like two minutes ago.

• 34:55Speaker 05

  Yeah, I didn't realize how much interest I was paying.

• 34:59Caleb Hammer?

  I didn't do, um, suggestion, brief suggestion.

• 35:03Speaker 05

  For sure.

• 35:04Caleb Hammer?

  Look.

• 35:05Speaker 05

  That would have been a good idea. I just chose not to. I was like, eh, I'll pay it off until I'm able to completely pay it off. So.

• 35:14Caleb Hammer?

  What?

• 35:15Speaker 05

  Well, pay off the minimums until I'm able to completely pay it off. It was what I thought would work.

• 35:20Caleb Hammer?

  Okay, well, obviously, everything you think never works. So maybe stop listening to yourself. What has worked?

• 35:27Speaker 05

  I built myself a good business.

• 35:28Caleb Hammer?

  You built yourself a good business, but again, you're in a worse financial situation. So what was the point of even building the business? Because you're in a worse situation than when you made twenty thousand a year or whatever.

• 35:36Speaker 05

  When I was making twenty thousand dollars a year, I was sitting there thinking like, oh, if I do, my goal was by thirty to be a full-time artist, work just for myself.

• 35:45Caleb Hammer?

  Artist.

• 35:46Speaker 05

  And be financially free.

• 35:46Caleb Hammer?

  What art?

• 35:48Speaker 05

  Uh, tattooing, painting, murals. I do a little bit of everything.

• 35:51Caleb Hammer?

  Sure, sure.

• 35:52Speaker 05

  Uh, with that, my goal was to be a full-time artist by thirty, uh, doing the custom jackets and paintings and all that stuff.

• 35:59Caleb Hammer?

  I'm glad you got there, but again, you're in a worse situation.

• 36:02Speaker 05

  So when I was making twenty thousand dollars a year, I'm like, oh, if I make forty thousand, fifty, sixty thousand, I'll never have problems. Everything in the world will be solved. Like, I'll never be bad with money. I'm sitting here today, f***ing up my money.

• 36:14Caleb Hammer?

  Literally billionaires can be bad with money and they can lose everything. Like, that doesn't matter. It's your actions surrounded it. Okay. How long does this take to pay off?

• 36:25Speaker 05

  Uh, twenty years.

• 36:26Caleb Hammer?

  Okay, thirteen. So you'll be again into your mid forties at that point.

• 36:31Speaker 05

  I'll be old and gray. Well, not at forty, hopefully. But, yeah.

• 36:39Caleb Hammer?

  Okay.

• 36:40Speaker 05

  So that's something I was trying to figure out is, uh.

• 36:42Caleb Hammer?

  Dude, it's all f***ing bull, man.

• 36:44Speaker 05

  Yeah.

• 36:44Caleb Hammer?

  What is Studio Six?

• 36:46Speaker 05

  Uh, Studio Six is a hotel. And I was paying that for my sister.

• 36:50Caleb Hammer?

  Sister?

• 36:51Speaker 05

  Yeah, for my family. They're kind of going through a hard time. Like I said, no one in my family makes money.

• 36:57Caleb Hammer?

  Okay, I appreciate that, and I would do the same thing, but on a credit card that you can't pay off when you have the money that you would be able to cash flow it if you're managing this correctly. This is what managing money is for, because life, things like that come out of the blue that you cannot control, and you're doing the right thing for your heart. Good job.

• 37:12Speaker 05

  Yeah.

• 37:12Caleb Hammer?

  But because you've yourself financially, you're fucking yourself even more trying to be the good person. So it doesn't work. That's why you have to be in a good place financially, so you can actually support those around you, instead of you're bringing yourself down with them.

• 37:22Speaker 05

  Right, which I'm, so with the credit card, it was, I'll put the money on there.

• 37:27Caleb Hammer?

  That of the hotel, that's inexpensive.

• 37:29Speaker 05

  It's been three months of that, so.

• 37:31Caleb Hammer?

  How many nights is the five forty-five call?

• 37:32Speaker 05

  A full week, seven days.

• 37:34Caleb Hammer?

  Three months? Is there any end in sight for whatever's going on? We're keeping it private, but.

• 37:40Speaker 05

  Yeah, not really.

• 37:42Caleb Hammer?

  Well, is there a better alternative?

• 37:44Speaker 05

  Yeah, currently, uh, she's back at home with my family, with my mother, yeah.

• 37:47Caleb Hammer?

  Oh, okay, good.

• 37:49Speaker 05

  So we figured that part out.

• 37:50Caleb Hammer?

  Well, the rest is, so you went to a restaurant, you Amazon Prime. Color Dragon.

• 37:59Speaker 05

  So tattoo needles.

• 38:00Caleb Hammer?

  Huh?

• 38:00Speaker 05

  Tattoo needles.

• 38:02Caleb Hammer?

  Oh, so that's.

• 38:02Speaker 05

  Yeah, it's a needle brand.

• 38:03Caleb Hammer?

  Business, Prime Video Channels is not.

• 38:07Caleb Hammer?

  Collagen curators?

• 38:09Speaker 05

  Uh, I couldn't even tell you what that is.

• 38:12Caleb Hammer?

  Sixty-eight dollars, that's not insignificant. Prime Video, Prime Video, what the fuck are you doing on there?

• 38:18Speaker 05

  Watching movies with my friends.

• 38:20Caleb Hammer?

  What, every movie ever? You're renting a video every day, Prime Video Channels, Prime Video Channels. Buddy, it's fucking videos every second of your life.

• 38:29Speaker 05

  Sometimes it's for clients too, while I'm tattooing them, though.

• 38:31Caleb Hammer?

  Your clients, they don't get to choose, they can pay. They can pay, put on, it's just bullshit TLC, it keeps anyone entertained, like drooling idiots.

• 38:39Speaker 05

  Two dollars here, two dollars there, it doesn't really add up in my head, so.

• 38:45Speaker 05

  I'm like, alright, we're chilling at the house, watching a movie.

• 38:47Caleb Hammer?

  That's not even close to true.

• 38:48Speaker 05

  Maybe nineteen dollars max, if I own the movie.

• 38:52Caleb Hammer?

  Yeah, I mean, but again, how much did you spend again? The money that you spent on this card in the last month was 3,194. Sure, a lot of that was the hotel, what 1,500 of it, but not everything else.

• 39:06Speaker 05

  I use it sometimes too for life, just regular stuff like.

• 39:09Caleb Hammer?

  Yeah, so this isn't working. You're saying you're using this as a secondary business debit card. It's not.

• 39:15Speaker 05

  I just don't have a.

• 39:16Caleb Hammer?

  Not how it works.

• 39:17Speaker 05

  So I have two bank accounts and one of my bank accounts, I just don't have the debit card for. So I just transferred. I lost it a couple of months back and just never replaced it. So I would just transfer.

• 39:25Caleb Hammer?

  Buddy, your excuses are so fucking stupid. I went to a tax service, it sketched me out, so I gave up. I lost a credit card, so I gave up, so and ruined my finances.

• 39:36Speaker 05

  I just transferred it over to that.

• 39:37Caleb Hammer?

  But it's stupid because this is ruining you because you're at the credit limit and you're losing interest on a monthly basis and your points are not even coming close to match it. So what are you talking about? That doesn't make any sense. You are lazy and you justify the fuck out of things to enable your laziness. It is crazy. That is going to be the main thing that you're going to have to deal with. That is going to be the main thing you're going to have to deal with, man.

• 40:00Caleb Hammer?

  Talk to a therapist. You can get three free sessions through Sounder Mind. They support us and the, and the community out there. And then also get the FIS card, man. At least that is a debit card that builds credit. So stop your bull. There are actual things as someone who watches this channel that you would know about that are actually good for you because we have tools that are good. It's a debit card that builds credit. Debit card that builds credit. It's easy as that. It only allows you to spend it's in your checking account. Instead of your dumb.

• 40:27Speaker 05

  That might help a lot.

• 40:29Caleb Hammer?

  Yes.

• 40:29Speaker 05

  That probably would help a lot, actually.

• 40:31Caleb Hammer?

  Yes, that's yeah, that's why they're.

• 40:32Speaker 05

  I was just.

• 40:33Caleb Hammer?

  In our resources.

• 40:36Speaker 05

  No, no, you're good. You're good. Let's, let's read the next one, I guess.

• 40:41Speaker 05

  That I just thought I was doing good. I thought I was making sense by trying to get the reward points, but clearly not.

• 40:46Caleb Hammer?

  Your debt being stacked up and being late on payments and accruing hundreds, if not thousands of dollars in interest on a monthly basis and being in a worse financial position than you were when you made 20,000 dollars a year. In what situation would you consider that good? I don't know. How would you be able to assess that and be, oh, this is good? I don't know where good would be seen there. I wouldn't think that is good. In fact, I don't think it's good and I wouldn't think it's good. How do you see that as good? That doesn't make any sense. That's not good.

• 41:13Caleb Hammer?

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• 41:31Speaker 00

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• 42:00Caleb Hammer?

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• 42:45Caleb Hammer?

  Plus free shipping on your first factor box. That's code 50HAMMER at factoring75.com to get 50% off. Plus free shipping on your first box. Remember choosing factor means supporting sustainable practices. They offset a hundred percent of their delivery emissions. Don't miss out on this amazing offer. Thanks to Factor for sponsoring today's video. Let's get back into it.

• 43:07Speaker 05

  My rent's paid. My basic bills are covered.

• 43:10Caleb Hammer?

  Yeah, but you thought your credit card was paid on time and it wasn't. Are we sure your rent's going to be paid on time? If we look.

• 43:14Speaker 05

  That's one thing I don't play with. My rent has to be paid on time.

• 43:17Caleb Hammer?

  So you play with credit cards. So other kind of debt that completely ruins your life. You decide to play with that.

• 43:22Speaker 05

  I don't think I've taken them as seriously. Definitely not.

• 43:24Caleb Hammer?

  Why would you not take them as seriously?

• 43:27Speaker 05

  It's kind of like money that's not in your hand. You just

• 43:30Caleb Hammer?

  Well, yeah, it's because it's other people's money.

• 43:32Speaker 05

  It's just kind of not as

• 43:33Caleb Hammer?

  Which is more dangerous for you because now you owe interest and fees or that goes to collections credit and good luck applying for any kind of loan to pump money in as a cash injection.

• 43:42Speaker 05

  Thankfully, thankfully, I don't have anything on my collections either. Like, never had that happen.

• 43:46Caleb Hammer?

  That's what happens when you don't pay your credit cards on time and you keep maxing them out and they're over credit limits. Eventually, you're gonna start running, have a couple of bad months. Maybe you get injured. You don't get to bring in any kind of income. Maybe you get disability at best from the government. How are you going to afford to pay these minimum monthly payments?

• 44:00Speaker 05

  See, I started thinking about that too recently is like, I am thirty now and

• 44:05Caleb Hammer?

  But your credit score is five eighty-nine.

• 44:07Speaker 05

  Right.

• 44:08Caleb Hammer?

  Don't care what it was one point. At one point, I was a piece of I've grown and I've made my life better.

• 44:14Speaker 05

  Mm-hmm.

• 44:15Caleb Hammer?

  I don't care about that one time. I don't give a about your one time. If you were good then and you're bad now, you're bad and that's all that there is.

• 44:21Speaker 05

  So hopefully I do better. Uh, I need to take this stuff to do better.

• 44:24Caleb Hammer?

  Guys, he was confronted on something, so he tried to do the little cop out instead of actually facing the reality of the situation. Good job. You'll never make any progress in life.

• 44:33Speaker 05

  Well, I'm screwed right now. I've made a lot of progress in my life. There's definitely been a lot of progress made. I could tell you that for sure. Um.

• 44:41Caleb Hammer?

  Give me some.

• 44:45Speaker 05

  Well, the main one, I always progressing as an artist. I made a lot of strides in that. I, uh, take care of my bills, not my credit card bills.

• 44:53Caleb Hammer?

  Oh, because they're not bills.

• 44:54Speaker 05

  Yep. Well, no, they're bills. I just didn't realize I had anything late. I thought I was on time with that.

• 44:58Caleb Hammer?

  Okay, it was multiple times last year. You had multiple times to catch it.

• 45:03Speaker 05

  But I paid them off. When I paid them off, I paid the them on time, just a little late.

• 45:08Caleb Hammer?

  I paid them on time just a little late.

• 45:10Speaker 05

  I didn't even realize they were late.

• 45:11Caleb Hammer?

  Your way of trying to weasel out of things is very weird. I've never heard something say, I paid something on time by paying them late. That's gonna be a new one.

• 45:19Speaker 05

  I didn't pay them. I didn't miss a payment.

• 45:21Caleb Hammer?

  You know how many businesses businesses get started in a year and get and end up being closed is the highest percentage? And now you're setting yourself up for income. You think you're going to make in the future when the statistical likelihood, not saying I want to happen, not saying it's going to happen, but statistical likelihood, your business is not going to survive within the next few years. I don't necessarily think that, but there is that statistical reality in the United States that is capitalism. You risk, you lose or you win, but you have put yourself in a far riskier situation by assuming you're going to be able to pay all this off because your income is going to continue to grow because I'm doing so well that everything's so great. So whoa. But guess what? That's how it works on a statistical basis. And I've seen people in your situation and what happens to them in about a couple of years.

• 46:05Caleb Hammer?

  That's called like 30% of the people on the show and you do not want to be them. Your situation is, but it can get a whole lot worse real quick. If you're not careful and you are not careful. And instead of even trying to confront the situation, you try to weasel your way out of every little confrontation.

• 46:21Speaker 05

  Well, I want to get out of this situation.

• 46:24Caleb Hammer?

  Sure you do. And where was the action to get out of it? Uh, you want to? Sure. You want to take the steps.

• 46:29Speaker 05

  Definitely why I'm here, you know, I'm trying to get out of them.

• 46:33Caleb Hammer?

  I'm not a magic pill, not a magic.

• 46:34Speaker 05

  You're definitely not a magic pill.

• 46:35Caleb Hammer?

  Why haven't you done anything? So why haven't you done anything? It's on you. Why haven't you taken the steps? It doesn't look like you've taken many steps, but.

• 46:42Speaker 06

  It's funny because he's fat.

• 46:44Speaker 05

  So I don't really know the steps to take for it. Should I pay off my debt? Should I set money?

• 46:48Caleb Hammer?

  So you have in Google things. So the things we talk about on the show are pretty damn basic. I'll be honest.

• 46:52Speaker 05

  So. I'm busy a lot. Like I said, I work seven days a week.

• 46:57Caleb Hammer?

  Welcome to everyone's life. We're all busy in different ways. Some have families, some have crazy things. Everything's different. Medical emergencies.

• 47:04Speaker 05

  That's my main thing. I'm trying to figure out is should I put money aside for the taxes first? Pay off the credit cards first? Should I make a plan for that? I don't know what to do.

• 47:12Caleb Hammer?

  And you could not Google this, something that when you're busy takes about half a second.

• 47:17Speaker 05

  I didn't think to Google it.

• 47:18Caleb Hammer?

  You didn't think to Google.

• 47:20Speaker 05

  Yeah. I didn't think to Google it. I didn't realize.

• 47:23Caleb Hammer?

  I had a question and didn't look up the answer to that question.

• 47:25Speaker 05

  It's not that. I didn't realize how bad off I was really.

• 47:28Caleb Hammer?

  Why didn't you look to find out?

• 47:29Speaker 05

  It's starting to hit me even more.

• 47:31Caleb Hammer?

  Why didn't you look to find out?

• 47:33Speaker 05

  Cause like I said, my day to day life feels pretty good. I feel comfortable. I feel like I live

• 47:37Caleb Hammer?

  Then why would you apply to come on the show if your day to day life feels pretty good?

• 47:39Speaker 05

  I'm trying to catch myself before I get to a point that I am screwed.

• 47:42Caleb Hammer?

  Well, how'd you know that you were getting into a situation that would end up to being being screwed? Even though you're definitely already in the screwed position. But if you knew that you were in a situation where you're going to head to be and being screwed, that is when you are able to look things up, but you decided not to look things up?

• 47:55Speaker 05

  So by the time I started realizing that is kind of when I applied around the same time I started watching your show and applying to be on here.

• 48:01Caleb Hammer?

  So three months. Yeah. What? You haven't looked anything up in three months?

• 48:04Speaker 05

  I haven't really looked into it.

• 48:06Caleb Hammer?

  Why didn't you take a class? Why didn't you Google, YouTube, anything?

• 48:09Speaker 05

  I probably should have done that.

• 48:10Caleb Hammer?

  Should have. Yes, absolutely. That's exactly what I'm saying. Congratulations on copying what I'm saying.

• 48:14Speaker 05

  Right now, what I'm trying to fix right now is.

• 48:17Caleb Hammer?

  I know what you're trying to fix. I'm asking why you didn't. And because you can't give me an answer on that.

• 48:21Speaker 05

  I just didn't take time to do it.

• 48:22Caleb Hammer?

  I know. Why?

• 48:24Speaker 05

  I just didn't spend the time to do it.

• 48:25Caleb Hammer?

  Why, big guy?

• 48:26Speaker 05

  I focus on other things in my life.

• 48:27Caleb Hammer?

  Okay. So what are you focusing on? So.

• 48:29Speaker 05

  You know, scaling my class. I should have took classes instead of for tattooing, probably for finances.

• 48:34Caleb Hammer?

  Yes.

• 48:34Speaker 05

  Uh, like I said, I should have took in class for you. Uh, when I wanted to apply for your, I should have bought your courses. I applied for here. Here I am now, hoping this helps for sure to get me on track.

• 48:45Caleb Hammer?

  It's not going to get you out of this confrontation. So good luck with that.

• 48:48Speaker 05

  Uh, but I just didn't spend the time. Just plain and simple that there's no excuse behind that. I spent time.

• 48:53Caleb Hammer?

  Not looking for an excuse, but I do want to hear why. And you started to give me why you're on the right track. Why don't you continue? I don't know why in your little thought you, I really want you to break yourself down. Cause if you cannot internalize, figure out what you got you into this situation in the first place. Good luck getting out of it, buddy.

• 49:08Speaker 05

  Uh, living in the moment and not thinking about my future for sure is definitely a big reason. A big thing for me was.

• 49:16Caleb Hammer?

  So it's the moment. Are you trying to get out of something? Are you trying to cope? What's the moment? Are you just trying to live the high life because you haven't lived very much?

• 49:22Speaker 05

  I've lived a lot of life and I think now that I have the ability to do anything I want, whenever I want. I'm not making the best decisions for myself. And that's something I'm trying to figure out too, is going forward, like I don't want to continue to live how I live. Yeah, it feels great in the moment, but I know if I'm sitting here at 40 and I'm completely screwed 10 times worse where I'm at now. I'm gonna be feeling. Worse. I'm really, that's what is really gonna hit. And I'm trying to catch myself.

• 49:51Caleb Hammer?

  That I can't figure out if you learned it was getting bad three months ago, why you need to take this step. You applied to go on our show. That's great. That's the easiest thing you could do. A little disappointed that you didn't look anything up. Amazon Chase card, $489.43.

• 50:04Speaker 05

  I'm just trying to, oh, a big thing I'm trying to figure out too, is just the steps to go.

• 50:08Caleb Hammer?

  I've heard that. I've heard you say that about five times.

• 50:11Speaker 05

  And how I'm trying to set up for my tax, my taxes too. That's, that's my main thing I need to worry about.

• 50:16Caleb Hammer?

  Well, go to a second CPA.

• 50:19Speaker 05

  Yeah.

• 50:20Caleb Hammer?

  Would be a good first step. Oh, okay. How to pay your taxes? Okay. Yeah.

• 50:25Speaker 05

  Yeah, please. Sorry, it's cop laugh.

• 50:29Caleb Hammer?

  Okay.

• 50:29Speaker 05

  Cop laugh.

• 50:30Caleb Hammer?

  Let's get our simpler money tax expert on the phone. Um, he's great. Go to simplermoney.com. He has a lot of educational stuff there about business taxes. We have experts in every different field. We'll get him on the phone and we'll have him. I'm gonna call him.

• 50:49Caleb Hammer?

  Hey, it's Reed. Mr. Reed, it is Caleb. Uh, we have Thomas here. Thomas is 30, lives in Fort Lauderdale. He was, uh, 1099 in 2023, decided not to pay his tax because he went to a CPA and, uh, he thought they were a little sketchy. So he decided to just never question taxes again. He's also not even close to being prepared for the $150,000 he own earned in his own business this last year. He hasn't done any estimated taxes. Now it is this year, so if I'm not mistaken, I want you to correct me, but I do believe he at least does get a little bit of a grace period there after filing an extension with no fees. However, with this 2023 situation, I would love to get your take on it. He said he earned about $60,000. He's thinking he had

• 51:33Caleb Hammer?

  about $9,000 of business expenses. I calculated about $10,911 in taxes probably owed, but can you tell Reed, Thomas, just give me that explanation one more time of when you went to those tax people of why the you left them and then you just didn't talk to anyone else again. Give me that.

• 51:51Speaker 05

  Um, after I tried to go, I just got kind of sidetracked in the process because they were kind of giving me the runaround.

• 51:59Caleb Hammer?

  What did they do? That is not what you said. Tell me what you said earlier. You said they sketch you out?

• 52:06Speaker 05

  Yeah, it was super sketchy. They were trying to tell me I would be able to get like a hundred thousand dollars back on my taxes. I went in asking if there's anything about a small business loan and just the way they were doing things seemed very shady.

• 52:17Caleb Hammer?

  You asked about the business loan? You said they borrowed the loan?

• 52:20Speaker 05

  No, I asked them initially.

• 52:24Caleb Hammer?

  Well, what do you want to do the loan?

• 52:26Speaker 05

  Um, the way they were going about it seemed very sketchy and and they brought up a hundred thousand dollars is like, oh, get it back based off my personal taxes.

• 52:35Caleb Hammer?

  Reminder, he only made sixty thousand dollars that year.

• 52:37Speaker 05

  The thing is, South Florida is like a scam capital and I really didn't want to fall victim to that, not knowing anything about.

• 52:44Caleb Hammer?

  What do you think, Reed?

• 52:45Speaker 05

  Like business.

• 52:45Speaker 03

  Yeah, this absolutely sounds like some shady CPA shit. Uh, I mean, I can tell you right now, based off of twenty twenty-three, there's gonna be some hell, right? So even his ten thousand number is probably a little low. Um, of course, that does depend on your business expenses and everything else in between, but, you know, I would estimate even higher than that with how high the interest rates have been. Uh, by the IRS recently, right? Cause that's, that's all since really twenty twenty-one, those have been skyrocketing. They're, I think they're at eight percent right now. I'd have to go double check, but um, yeah, man, I don't know what the hell that, that CPA, you have to tell me the business name. I'd have to go look them up. That's scary. That's really scary.

• 53:24Caleb Hammer?

  What should he do for his twenty twenty-four, uh, hundred fifty thousand hours in earnings?

• 53:30Speaker 03

  Well, so you haven't been paying quarterly's?

• 53:32Speaker 05

  Uh, no, I have not.

• 53:34Speaker 03

  Okay, so you're also gonna owe some underpayments on that as well. Um, that's gonna probably be a decent chunk. Can you say you made how much in twenty twenty-four?

• 53:44Speaker 05

  Uh, like estimated around a hundred fifty thousand.

• 53:47Speaker 03

  Damn, so you're, you're making a decent chunk of money here, man. Um, yeah, you're, you're, you're, you're gonna have to bail out, brother.

• 53:55Speaker 03

  It's gonna be nasty, but with that being said, I would definitely file an extension, uh, just so you get your together and go find an actual reputable CPA, not the whatever clause that you went to to find those guys.

• 54:08Speaker 05

  Yeah.

• 54:10Speaker 03

  Get this handled.

• 54:12Caleb Hammer?

  If Reed's open, we'll pay for a session for you to sit down and read.

• 54:15Speaker 05

  No, I would really appreciate that.

• 54:17Speaker 03

  Yeah, absolutely, man.

• 54:19Speaker 05

  Thank you for your time.

• 54:19Caleb Hammer?

  Now, if I'm not mistaken, he does probably get to enjoy a little lax on penalties, correct? For this, it was his first year in business.

• 54:28Speaker 03

  Yeah, so again, if this is your first year in business, it won't be nearly as brutal. Um, there you should have been paying quarterlies though, but yeah, it's not going to be your 2023's. Good news, I guess, it's you only made, you know, 50K that year or whatever. Um, at least you're not sitting here owing 50,000 rather than just maybe 15 or so.

• 54:47Speaker 05

  For sure. Yeah. Thank you again. I'd rather, um, get ahead of it or try to not get ahead of it, but

• 54:53Speaker 03

  Absolutely.

• 54:53Speaker 05

  Not be super royally screwed, you know?

• 54:55Caleb Hammer?

  All right. Thank you, Reed. We'll get in, we'll get you guys in touch and we'll pay for a session.

• 55:00Speaker 03

  All right, guys. Good luck.

• 55:03Caleb Hammer?

  Okay, so.

• 55:06Caleb Hammer?

  Yeah, $489.43 owed on this Amazon Chase card, the $35 minimum monthly payment.

• 55:15Speaker 05

  That's an Amazon card, yeah.

• 55:18Caleb Hammer?

  Yeah, the thing I just said, I almost thought you had something insightful to say and then you just repeated it. I said, okay.

• 55:29Speaker 05

  I mean, I opened that card.

• 55:31Caleb Hammer?

  This cover.

• 55:32Speaker 05

  I had no money to try to get some business expenses covered.

• 55:36Caleb Hammer?

  I wish every conversation went this way, which is people I had in life. It would just make me laugh so much where like, I don't know, you just repeat exactly what I say. And you, you, you say it like it's an insightful thing. It's so weird. This takes 17 months to pay off and it's just $489. You know what's crazy though, is you had an $89 balance and you were close to paying it off with your $35 minimum monthly payment. And you purchased, you fucking purchased 425,014 cents, brought it up to basically its max by $10. So with $9.86 in interest, what are you going to say that you accumulated $9.66 in interest?

• 56:11Speaker 05

  That one I pay off and then I just fill it back up, then I pay it off.

• 56:14Caleb Hammer?

  No, that is incorrect. Interest is accruing. That means it was not paid off. Shut the fuck up. It is again, an incorrect statement because you know nothing about your finances and you try to say something that is good to make yourself look better. But it is incorrect because that is not what is being shown. So stop with that. You're not going to get anywhere in life, guy. But.

• 56:33Speaker 05

  There is no buts. That card I actually opened up when I moved. So I made a dumb decision, a good

• 56:39Caleb Hammer?

  Good job. Okay, what do you want me to do with that?

• 56:41Speaker 05

  At the same time, when I opened that card, I uh, I moved into my own studio and at that same time, I moved into my own house. Uh, my own apartment.

• 56:48Caleb Hammer?

  When was this?

• 56:49Speaker 05

  Uh, 2024, around the start of that. So

• 56:53Caleb Hammer?

  Beginning of last year, so over a year.

• 56:54Speaker 05

  Like, end of 2023. But with that, with that,

• 57:00Caleb Hammer?

  So why do I give a about that when you almost paid this off? Claim that you fully do pay it off and then you max it out. So why do I care about a year and a half?

• 57:08Speaker 05

  That's really where I feel like a lot of the debt with these things started is I spent a lot of money for the down payment to get into the apartment.

• 57:15Caleb Hammer?

  Down payment? You mean the security deposit, first month rent?

• 57:18Speaker 05

  No, in Florida, it's three months of rent.

• 57:20Caleb Hammer?

  Is a legal thing that has to be done everywhere in Florida?

• 57:23Speaker 05

  As far as I know, that's pretty common out there.

• 57:25Caleb Hammer?

  Oh, pretty common.

• 57:26Speaker 05

  So that costs about sixty-three hundred dollars to get in there. I paid that. Uh, moving into the studio was like another seven hundred.

• 57:32Caleb Hammer?

  Did that mean you didn't have to pay the first three months rent? Did that negate it?

• 57:35Speaker 05

  You're just in there. Yep.

• 57:37Caleb Hammer?

  Yeah, okay.

• 57:38Speaker 05

  So that was a, where I feel like a lot of my debt started.

• 57:42Caleb Hammer?

  Sure, why'd you move into that place? You obviously couldn't afford it. So I don't give a, you chose to do that.

• 57:47Speaker 05

  No, I definitely chose to do that. I had to move out. I had to get into my own apartment again.

• 57:51Caleb Hammer?

  Glad you have to move out.

• 57:52Speaker 05

  It's just a better living situation for myself and the people around me.

• 57:55Caleb Hammer?

  Probably is, but you got yourself into a worse situation, which is putting your entire life in a worse situation. Hold on, if you waited an extra three months just to save up a little bit of money, if that situation sucked that you're in, that sucks. And I'm sorry and I wouldn't want you to be there, but guess what? An extra two months even at time, just so that you didn't go down an endless rabbit hole. A year and a half later, we're still trying to pay off the debt that you are blaming on that situation then, I wouldn't have cared. Two months of sacrifice is worth it instead of a year and a half of pain. And now the multi-years of pain is going to take the pain all this off.

• 58:24Speaker 05

  Right, which I guess I ended up setting myself up that way. I didn't think about it like that. I was thinking, all right,

• 58:30Caleb Hammer?

  Obviously.

• 58:31Speaker 05

  Um, let me move into the apartment at the same time I had started working in the shop earlier that year. So I took a pay cut there also. Uh, so it's like a pay cut, raising my living expenses. At the same time, just kind of doubled up and spiraled a little bit more than I thought too. I didn't adjust or make any budget at all.

• 58:50Caleb Hammer?

  But no offense, no offense, or a little bit of offense. I don't really give a This was basically paid off. And then you chose to max it out in interest accrued. And when you told me you paid off every month. So shut up. I that sucks back then. You're not going to get a little tear from me from that. This is your actions now is what I give a about. And this is what you're doing. You almost paid it off. You're almost one card down and then you

• 59:16Speaker 05

  So with that card. All right, that's a dumb way I look at it. But I'm like, all right.

• 59:20Caleb Hammer?

  Have you looked at anything in a smart way so far in this conversation? No. So I don't think you need to preface that.

• 59:25Speaker 05

  No, for sure. For that, I just look at it as like. All right, it's Amazon card. I use that for my tattoo supplies and some other stuff for the house. Cool. Pay it off. I didn't realize.

• 59:36Caleb Hammer?

  You don't. You don't. You don't. You did it.

• 59:40Speaker 05

  Paid it off, then it went to eighty nine.

• 59:41Caleb Hammer?

  No, you didn't. You little tit. It doesn't matter if you're if you're accruing ten dollars in interest, you are not paying it off. You can do a credit card. You can be a credit card person. If you're never accruing interest or fees, guess what? You're accruing interest and fees.

• 59:54Speaker 05

  So I should get to a point with credit cards.

• 59:57Caleb Hammer?

  You should, of course, but I don't think you are capable of that. So I would rather you close them and not have access to them because they are a tool. Just like any tool, Hammer could build a house or it can smash your head in. You're smashing your head in.

• 1:00:10Speaker 05

  Well, I was good for a few years.

• 1:00:12Caleb Hammer?

  Doesn't matter. You're not now. I don't give a about the few years. Stop with that bullshit. Do we need to go around and around and around and around?

• 1:00:19Speaker 05

  It's not around and around.

• 1:00:20Caleb Hammer?

  Really? Because you just brought up the thing that I thought we squashed about twenty minutes ago.

• 1:00:24Speaker 05

  Right. I'm just trying to fix it, though. Whereas like, all right.

• 1:00:27Caleb Hammer?

  I don't see any trying to fix it. You you go in here and being like, well, I was good at one point. You think that fixes it? That all of a sudden it gets you out of debt saying I was good at one point?

• 1:00:35Speaker 05

  Oh, no, I gotta pay my credit cards off. That's obvious.

• 1:00:36Caleb Hammer?

  Go ahead. Actually, you know what? Hey, dude. Congratulations. We actually just solved the problem. You're gonna be completely debt free. So you can you can actually go back to Florida now. Because you're gonna be debt free because guess what? You just said I wasn't in debt in the past. Oh, we solved it. We solved it. We don't even budget. We don't even.

• 1:00:54Speaker 05

  So you were a big thing you said.

• 1:00:58Speaker 05

  A big thing I've heard from you say too is you need to switch like the behaviors around your spending.

• 1:01:02Caleb Hammer?

  Yeah, which is something you didn't do. So you heard me say it.

• 1:01:05Speaker 05

  I started, I started doing it since then. I have made a difference.

• 1:01:08Caleb Hammer?

  You overspent by $400. You are not going to get out of this by trying to say something that makes you sound good. Stop with that. I am not going to let you do it. You keep trying. I have the math. I have the numbers. You are not going to be able to do that. I'm not going to let you get away with that.

• 1:01:26Speaker 05

  I'm not even trying to get away with anything.

• 1:01:28Caleb Hammer?

  Yes, you are.

• 1:01:30Speaker 05

  I'm.

• 1:01:31Caleb Hammer?

  You are not used to being confronted on your and you are now and you're trying to look good.

• 1:01:37Speaker 05

  No, I mean, for me, I haven't been confronted on my.

• 1:01:40Caleb Hammer?

  Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon. Late fees last year, I always pay it off. $116 in interest, I always pay it off. Shut the up. You lie or you're dumb. Or both. Pull up your Amazon, let me go ahead and see it.

• 1:02:01Speaker 00

  It's getting chilly outside. But you know what that means?

• 1:02:07Speaker 00

  It's time to cozy up with Panera Bread. Let's get toasty, cheesy. Oh, hello broccoli cheddar soup in a bread bowl. How about melty? Okay, Chipotle chicken avo melt. It's dipping bread and soupy goodness season. Oh yeah, we are so back. It's Panera season. Order now.

• 1:02:30Caleb Hammer?

  Let's see what you're doing. Start a screen recording. We'll blackout anything that's private or anything. For your business sake, I'm going to get you connected with two resources. I'm going to get you connected with a accounting certification to course through. So you can do a proper accounting so that you can bring your proper to your CPA and actually do your taxes. And then I'll get you connected with Stan's store. It's like, it's the link that we use in our description. So you can use the same one. It's like a storefront and it can help generate leads and all that stuff as well. So that'll be really good for your.

• 1:03:00Speaker 05

  I'll definitely utilize that.

• 1:03:01Caleb Hammer?

  You, you, we like to, we like to curate a bag of tools to give to our guests. If you actually use them, it's up to you. I hope you do.

• 1:03:10Speaker 05

  No, I definitely will be using anything you give me. Only time will show you that. Uh, as far as my Amazon, I don't, my orders, I guess.

• 1:03:19Caleb Hammer?

  Yeah.

• 1:03:19Speaker 05

  You want me to screen record it or?

• 1:03:21Caleb Hammer?

  Yeah.

• 1:03:23Speaker 05

  I'm waiting for it to load. I'm on the wifi. It's still loading.

• 1:03:29Caleb Hammer?

  Oh my gosh, this next card's not even close to anything better. Oh, it gets worse. I'm just, dude.

• 1:03:38Caleb Hammer?

  Okay.

• 1:03:39Speaker 05

  Here, if you wanna scroll through these, uh, screen recorded, you said? Got you, got you. Here, if you wanna scroll through these, uh, anything that's purchased at Whole Foods is money I put for, uh, my sister to get food and my parents to get stuff.

• 1:03:55Caleb Hammer?

  Why did it have to be from Whole Foods?

• 1:03:57Speaker 05

  That, that's a debate I've had with them many a times.

• 1:03:59Caleb Hammer?

  Oh, they're choosing Whole Foods?

• 1:04:00Speaker 05

  Yeah.

• 1:04:02Caleb Hammer?

  Why?

• 1:04:05Caleb Hammer?

  I know we can't go too far into it, and that's okay. Um.

• 1:04:09Speaker 05

  I mean, I wanna try to make sure they, they have whatever they need.

• 1:04:12Caleb Hammer?

  I, I agree. I just wanna make sure. Are you enabling anything?

• 1:04:15Speaker 05

  Uh, I feel like in some ways I have been, uh.

• 1:04:18Caleb Hammer?

  Cause you're not gonna be helping them in the end, if that's true.

• 1:04:21Speaker 05

  Yeah, my mom's seventy-two, she's old, uh, I, I don't expect anything from her, you know, she lives her life.

• 1:04:27Caleb Hammer?

  Did she have retirement? She's getting social security.

• 1:04:29Speaker 05

  She gets her social security, that covers the majority of her bills. I'll always make sure she has food and everything else. Uh, that's important.

• 1:04:36Caleb Hammer?

  Budgeting and she's spending money on bullshit?

• 1:04:38Speaker 05

  I could get into my mom's story, but she's.

• 1:04:40Caleb Hammer?

  I don't need the story, but I just wanna make sure.

• 1:04:42Speaker 05

  So.

• 1:04:43Caleb Hammer?

  Well, here, here's the reality. You, you're spending more money than you make. So, supporting other people is a good thing. It gets a little complicated in your situation, and it gets even worse if you're actually enabling bad behavior from them. So, if she is going and spending her money on wants and stuff, and you're supplying her needs, that could be supporting bad behavior.

• 1:05:00Speaker 05

  Uh, money covers, uh, her basic needs, uh, but I'm making sure she always has groceries from Walmart, other stuff like that, um.

• 1:05:08Caleb Hammer?

  Which I appreciate, but, okay.

• 1:05:10Speaker 05

  My sister's.

• 1:05:10Caleb Hammer?

  I'd make her make a budget.

• 1:05:12Speaker 05

  A little different, uh, it's just.

• 1:05:13Caleb Hammer?

  That's fine.

• 1:05:14Speaker 05

  I try to get her to budget.

• 1:05:16Caleb Hammer?

  Alright.

• 1:05:16Speaker 05

  It's been a headache, but that's definitely a lot of my.

• 1:05:18Caleb Hammer?

  What's a Mat Fast Pro?

• 1:05:19Speaker 05

  Uh, those are all tattoo supplies. That's pretty much the only thing I use Amazon for, other than the videos.

• 1:05:24Caleb Hammer?

  It was like a, like a new version of a douche or something.

• 1:05:30Caleb Hammer?

  Some razors. Yeah, lots of Whole Foods. Oh my gosh, you get, yeah, razor, oh, tattoo needles. Yeah, makes sense. Whole Foods, Whole Foods, Whole Foods. Okay, so it's surprisingly either the fam or actually business. I'm kind of surprised. Yeah, it's all tattoo stuff.

• 1:05:47Speaker 05

  Try not to spend anything on there other than obviously the Amazon videos, watching movies. That one I'll completely own up to.

• 1:05:53Caleb Hammer?

  Some memory foam bathroom rugs. And then we got, oh wow, we went through like just ordering substance phases. We got beet powder and Ubiquinol and Nutricost and Multi Collagen and Creatine. We got everything.

• 1:06:11Speaker 05

  Some of the supplements are for me, some is for my sister, like the collagen and stuff like that for her.

• 1:06:16Caleb Hammer?

  Trash, wheels, desk, get me a chair.

• 1:06:20Speaker 05

  Oh, I got a, I got a new desk for my bedroom, so I have somewhere to set up and draw in my house.

• 1:06:25Caleb Hammer?

  Okay. It's honestly, it's not horrendous. You obviously spend more money than you can, but as long as you're documenting the business stuff. And then whether or not you are enabling the fam, that's what we really need to. So what I would do at least for the mom, I don't know the sister situation as much and that's okay. But for the mom, I would at least, if I'm going to support you, I would like to at least see a budget. Honestly, I would make her download simpler budget and just if she automatically connects her accounts, you'll just be able to see everything anyway.

• 1:06:50Speaker 05

  I think my sister doing simpler budget would help. My mom, she's, she's old.

• 1:06:54Caleb Hammer?

  I'm not, I'm not saying to help her. I'm saying for you to determine if what you're giving her is actually helping her or enabling her, you'll at least be able to open her budgeting app. And since it does it all automatically, you'll be able to see.

• 1:07:05Speaker 05

  Got you.

• 1:07:06Caleb Hammer?

  Okay, she doesn't have to do anything. You just set it up.

• 1:07:08Speaker 05

  I've never made a budget clearly.

• 1:07:10Caleb Hammer?

  Well, this is literally automatic, so that's not going to be a question.

• 1:07:12Speaker 05

  Very helpful then.

• 1:07:13Caleb Hammer?

  Okay, but that just might be a good way for you to determine if she's with her own money and then leaning on her son when she shouldn't be. Or if you're actually supporting her because you need to, in which case I fully support, of course. 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 revolution. capitalize 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

• 1:07:57Caleb Hammer?

  manage debt and even take advantage of good debt. This has been a revolutionary project that we've been working on for over a year now 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. Capital One Quicksilver.

• 1:08:34Caleb Hammer?

  Here we owe $2,828, told you it doesn't get better, and 14 cents, the minimum monthly payment of $105. All you did is put a minimum payment towards it and $77.34 of interest accrued.

• 1:08:48Speaker 05

  Yeah, this one I-

• 1:08:49Caleb Hammer?

  It's close to maxed out. It's close to maxed out. It's like 150 bucks away. 16 years to pay off, approaching our 50s in that case.

• 1:08:56Speaker 05

  It's a long time. I didn't realize it would take that long to pay off.

• 1:08:59Caleb Hammer?

  Guess what? This card technically takes longer to pay off than

• 1:09:09Caleb Hammer?

  you would be by that time trying to get to your retirement age from where you can pull from tax advantage retirement accounts. So by the time you get this card paid off, you'll only have like 14 years until you're able to take money from your retirement account. So it's crazy just how long this is. Life can stretch out and look long, but it goes so quick. And when you really put things in the numbers perspective like this, buddy, you're flying through it. So you really can't be fucking around here, man.

• 1:09:38Speaker 05

  Yeah, it's definitely something I need to fix. I'll stop taking-

• 1:09:41Caleb Hammer?

  Guys, he needs to fix it.

• 1:09:42Speaker 05

  I need to fix it. I need to stop taking trips and stop going out and having fun, but-

• 1:09:48Caleb Hammer?

  Okay. I hope you do that.

• 1:09:50Speaker 05

  I don't think-

• 1:09:51Caleb Hammer?

  Saying that doesn't do anything.

• 1:09:52Speaker 05

  I don't think on this card I've utilized it recently.

• 1:09:55Caleb Hammer?

  Well, I mean, again, it's basically maxed out, so it's not much-

• 1:09:57Speaker 05

  I've been having it sit there and just making sure I do the payments. So with my credit cards, they're set to the side, kind of.

• 1:10:03Caleb Hammer?

  No late fees this period. No late fees in general, but a thousand dollars in interest last year.

• 1:10:08Speaker 05

  That's the one I didn't think of. Uh, I didn't realize how much interest I was including.

• 1:10:12Caleb Hammer?

  Anything for every card so far. So what the?

• 1:10:15Speaker 05

  I'll be honest, I think a lot of stuff has been-

• 1:10:16Caleb Hammer?

  That's the one I didn't think of?

• 1:10:17Speaker 05

  No, no, no.

• 1:10:18Caleb Hammer?

  There's been something every card you didn't think of.

• 1:10:19Speaker 05

  Anything interest related, I didn't think about the interest it was including.

• 1:10:22Caleb Hammer?

  Also known as the thing that debt is associated with. What the fuck?

• 1:10:27Speaker 05

  Yeah, like I said, I've been living too much in the moment, having a lot of fun, taking trips.

• 1:10:31Caleb Hammer?

  Yes.

• 1:10:32Speaker 05

  You know, traveling a lot and doing stuff like that.

• 1:10:34Caleb Hammer?

  I know that.

• 1:10:34Speaker 05

  Instead of realizing and focusing on what matters. But-

• 1:10:38Caleb Hammer?

  This is what you're saying, and it sounds good, but none of your actions surrounding those words actually do anything that support those words. So those words mean nothing to me until you prove it. So you keep saying all that as much as you want. It means nothing with your actions. Again, you spent $400 more than you made. Okay, what's $9,800 from GS Bank?

• 1:11:05Speaker 05

  That's from my Apple Card.

• 1:11:09Caleb Hammer?

  Pull it up. Why don't you send us a statement?

• 1:11:13Speaker 05

  Uh, I thought I did.

• 1:11:14Caleb Hammer?

  Let me make sure, because I haven't gone through this.

• 1:11:20Caleb Hammer?

  Nope, no Apple Card. Okay, well, Apple Card, you owe $9,800 on monthly payment 301.

• 1:11:29Caleb Hammer?

  You know how to get there?

• 1:11:30Speaker 05

  Yeah, mhm.

• 1:11:36Caleb Hammer?

  It's important to know the interest, man. It is important to know the interest, because again, you are at 31%. The, the example I always use every time, I literally go into the fucking Moomoo app every day and buy S and P 500. Anytime money hits my account, on the best years, it is getting 10% on average.

• 1:11:56Speaker 05

  That's actually really smart.

• 1:11:58Caleb Hammer?

  Yes, but it wouldn't make any sense for you because you have 31% debt. But that's why it's important for you to realize what kind of debt you're in, what kind of interest you have, because it's losing to the market, man.

• 1:12:08Speaker 05

  Well, this card is definitely over the balance. Um, here you go.

• 1:12:12Caleb Hammer?

  Well, who's surprised?

• 1:12:14Speaker 05

  It just declines. So then I just make the-

• 1:12:16Caleb Hammer?

  Oh, good. Oh, good. Instead of canceling the subscriptions, we just allow them to decline.

• 1:12:22Speaker 05

  Yeah.

• 1:12:22Caleb Hammer?

  I'm dead, dude. Oh, good, guys. Now it's at $9,208. Rack up that other $200 on the debt counter. Okay, we'll keep them in a monthly payment like the same. It's just it's Roku. Why? Something Apple. Why?

• 1:12:38Speaker 05

  Me either?

• 1:12:38Caleb Hammer?

  Apple Roku.

• 1:12:38Speaker 05

  I'm actually not even sure.

• 1:12:39Caleb Hammer?

  No, no. Stop. Every few days it tries to do all this. Just cancel your subscription. $201 in interest on a monthly fucking basis. Yep, I'm gonna look at your subscriptions. I'm going to look at your subscriptions, sir.

• 1:12:56Caleb Hammer?

  And his Apple subscriptions. We got Apple Music. We got Dr. Kegel. We got FaceApp.

• 1:13:01Speaker 05

  We have. I don't know if those are all active.

• 1:13:05Caleb Hammer?

  They are. We have Ghost Line. We have Instagram Verified, Ladder Strength Training, Mega Pro Subscription.

• 1:13:14Speaker 05

  It's all storage stuff for my tattoos. Yep.

• 1:13:20Caleb Hammer?

  And it has an Apple, like, automatic subscription. What the fuck is a Dr. Kegel? What are you fucking doing, Kegels?

• 1:13:26Speaker 05

  No, I don't think it's active. It's actually for like your, your pelvic floor, your health, to be honest.

• 1:13:33Speaker 05

  But yeah.

• 1:13:35Speaker 05

  If we could skip over that, that'd be cool. But it is what it is.

• 1:13:38Caleb Hammer?

  We didn't. It was there.

• 1:13:40Speaker 05

  No, that's cool.

• 1:13:42Caleb Hammer?

  Go ahead and bring the mic to your face again.

• 1:13:43Speaker 05

  Sorry.

• 1:13:44Caleb Hammer?

  You got a little excited. Okay.

• 1:13:49Caleb Hammer?

  The Apple bill.

• 1:13:51Caleb Hammer?

  Not late once on there. That's good, but you're over the limit, so that's not good. No, please tell me. Is this not like?

• 1:13:57Speaker 05

  No, that's, I think those are all the ones you've gone over.

• 1:14:00Caleb Hammer?

  No.

• 1:14:02Speaker 05

  Uh, let me see.

• 1:14:03Caleb Hammer?

  No, this looks like a firm.

• 1:14:05Speaker 05

  Oh, yeah, yeah. This is my affirms. Yeah, yeah. Well.

• 1:14:07Caleb Hammer?

  No, nothing. You know, nothing.

• 1:14:09Speaker 05

  No, he's gonna show us. I do know these. These are, these are my firms.

• 1:14:11Caleb Hammer?

  Guys, make sure to join us for the post-show. He's gonna teach us all how to do anal Kegels.

• 1:14:16Speaker 05

  It's not anal Kegels. It's good, it's good for your, uh.

• 1:14:20Caleb Hammer?

  Uh huh.

• 1:14:21Speaker 05

  Not for your anal, dude.

• 1:14:23Caleb Hammer?

  Gay.

• 1:14:24Speaker 05

  Uh huh.

• 1:14:27Caleb Hammer?

  Very defensive over this. Are you sure?

• 1:14:28Speaker 05

  Nah, a hundred percent. I'm chilling.

• 1:14:30Caleb Hammer?

  Uh huh. That's what someone that does Eno Kegels would say.

• 1:14:35Speaker 02

  When he looks at me.

• 1:14:37Caleb Hammer?

  Two thousand two hundred fifty seven dollars and ninety nine cents is out on a firm.

• 1:14:41Speaker 05

  Mm hmm.

• 1:14:41Caleb Hammer?

  Oh, my. Okay, these minimums are brutal. Oh, my gosh, there's even more. Okay, minimum month is on these. Forty point twenty plus thirty point sixteen plus sixteen fifty nine. Plus fourteen ninety seven. I'm gonna go home plate Civ seven. Hundred and one dollars and ninety one cents Civ seven. Yes, sir.

• 1:15:05Speaker 05

  What is that?

• 1:15:05Caleb Hammer?

  A game that you should not buy because you don't have money. Hundred and one dollars and ninety two cents on a monthly basis for that affirm. These are all Amazon purchases, of course. We have Priceline Rental Car, more Amazon than Priceline Flight. So we have another affirm. This affirm total.

• 1:15:22Speaker 05

  Uh, I think I only have one, one affirm total. Like.

• 1:15:27Caleb Hammer?

  That's not what I'm seeing. And because you are not able to literally ever.

• 1:15:32Speaker 05

  No, no, I could bring up my affirming and it's definitely accurate. That's definitely the only one. I only have one.

• 1:15:37Caleb Hammer?

  What have I seen?

• 1:15:38Speaker 05

  I think I screenshotted and sent them a previous one and then a current one. Like. So if you look.

• 1:15:48Speaker 05

  I just know I only have one affirm account that I sent them.

• 1:15:51Caleb Hammer?

  It has the same due date, man. I'm not, I'm not trusting you.

• 1:15:55Speaker 05

  But it would be the, the higher amount, not the lower one.

• 1:15:58Caleb Hammer?

  Oh, so it's not the lower one?

• 1:15:59Speaker 05

  Yeah.

• 1:16:00Caleb Hammer?

  Whatever. Okay, so it was the two thousand two hundred fifty seven. We'll move on.

• 1:16:05Caleb Hammer?

  VW car. What is that? I think we know.

• 1:16:07Speaker 05

  That's gonna be my car. That I've never missed a payment.

• 1:16:10Caleb Hammer?

  But you said that about other ones that you have. So again.

• 1:16:14Speaker 05

  No, a late payment.

• 1:16:16Caleb Hammer?

  Don't trust and verify for you.

• 1:16:19Speaker 05

  But a missed payment is different than a, a late payment. I've never missed.

• 1:16:21Caleb Hammer?

  Yes, that is true.

• 1:16:23Speaker 05

  That's what I'm saying. I've never missed a payment on my car.

• 1:16:25Caleb Hammer?

  But have you been late?

• 1:16:26Speaker 05

  I don't believe so. Like, it'll show you.

• 1:16:28Caleb Hammer?

  Less confidence in that one. You have not been late? Yes. This is probably a car. When did you get this car? What is the car?

• 1:16:36Speaker 05

  Uh, it's a Volkswagen Jetta GLI. I've had that since twenty twenty two. Uh, it's a twenty nineteen, uh.

• 1:16:44Speaker 05

  New use condition, but or pre-certified pre-owned, my bad. Uh, it's great condition, though. I make sure to take care of it.

• 1:16:50Caleb Hammer?

  $500 minimum monthly payment, $18,090 is owed on it. It's worth $16,255. It's not the worst underwater position I've seen. It's definitely not good. You're halfway through the payment cycle. What is the interest on here?

• 1:17:03Speaker 05

  Uh, 4.9%, I believe.

• 1:17:05Caleb Hammer?

  That's not horrendous. Okay.

• 1:17:07Speaker 05

  I got that one back when my credit was good and that was my first like first big purchase. Uh, since I had.

• 1:17:12Caleb Hammer?

  You're lucky that you have, you don't have equity, but you're not terribly underwater. One thing we might do in situations like yours where you're only underwater by 1,500 bucks is maybe borrow $12,000 from somewhere. Your credit score is bad, though. Your debt income is probably.

• 1:17:31Speaker 02

  I don't know what I'm doing. Need a break. Forget it. I quit. Escape to Pluto TV.

• 1:17:36Speaker 07

  This is objectively fantastic.

• 1:17:37Speaker 02

  Relax into the movies and shows you already know and love all for free. Swing. Even our news is uplifting.

• 1:17:43Speaker 03

  You stay classy, San Diego.

• 1:17:45Speaker 02

  Watch Tommy Boy, Crazy Ex Girlfriend, Anchorman, The Legend of Ron Burgundy, The X-Files, Wayne's World, and so much more. We're not worthy. The best things on TV really are free. You just have to know where to look. Escape to Pluto TV. Stream now, pay never.

• 1:18:00Caleb Hammer?

  Be questionable because you haven't filed taxes, so it's hard to prove. So you might not be able to do that, but hypothetically borrow $12,000, sell this car for that value, pay off the car, gave you an extra $500 cushion, then also get a $10,000 car in cash. You'd have to pay off that $12,000 loan, but a $12,000 loan is easier to pay off than a $18,000 loan. It's the biggest deal in the world now because it's like 4.2%, but it is under depreciating asset. You're almost over the middle hump of your loan and then you start paying more towards principal instead of interest. You're pretty close to that, so we might hold on to it. We need to assess the full financial situation by the end. Okay.

• 1:18:36Caleb Hammer?

  Are these checking accounts?

• 1:18:38Speaker 05

  Yes.

• 1:18:38Caleb Hammer?

  Am I done with that?

• 1:18:39Speaker 05

  Yep.

• 1:18:40Caleb Hammer?

  No more debt?

• 1:18:41Speaker 05

  No more debt.

• 1:18:41Caleb Hammer?

  That's your debt?

• 1:18:42Speaker 05

  Yeah, that's my debt.

• 1:18:43Caleb Hammer?

  Congratulations. It's horrendous.

• 1:18:46Speaker 05

  I didn't think it was that bad.

• 1:18:48Caleb Hammer?

  Well, that's probably why we accepted you to be on the show because you needed a kick in the ass because you're dumb.

• 1:18:54Speaker 05

  A recovering dumb.

• 1:18:56Caleb Hammer?

  Okay, recovering would be any kind of actions towards actually recovering. You're not doing that, so don't use that term. You do not get the privilege of saying that until you actually have done something that would qualify as recovery.

• 1:19:10Caleb Hammer?

  Space Coast Credit Union. Savings, five bucks. Okay.

• 1:19:18Caleb Hammer?

  I.

• 1:19:21Caleb Hammer?

  Right? And then checking. Hold on, I'm seeing this correct?

• 1:19:25Speaker 05

  Yeah.

• 1:19:26Caleb Hammer?

  Nine thousand four hundred in checking.

• 1:19:27Speaker 05

  Mm hmm.

• 1:19:30Caleb Hammer?

  Why?

• 1:19:31Speaker 05

  Uh.

• 1:19:32Caleb Hammer?

  Well, I guess you do have tax bills coming up. Is it tax savings?

• 1:19:35Speaker 05

  So that money is set to the side so I can figure out what I should do. I'm trying to figure out if I should.

• 1:19:41Caleb Hammer?

  Pay taxes.

• 1:19:42Speaker 05

  Pay the taxes first.

• 1:19:43Caleb Hammer?

  Usually, but usually, but you didn't, so we're here.

• 1:19:46Speaker 05

  So I'm trying to figure that out. That's that's set to the side. Uh, should I utilize that for? Taxes first, pay off the taxes first, make sure that's handled. Should I do the credit card debt first? I really don't know.

• 1:19:56Caleb Hammer?

  By the way, debt counter, we're taking twenty twenty-three taxes from ten thousand nine hundred eleven up to fifteen thousand hours, according to Reed's analysis with the interest that was.

• 1:20:04Speaker 05

  Hmm.

• 1:20:05Caleb Hammer?

  Done, so fifteen thousand hours for that. How much? What was your business expenses last year?

• 1:20:10Speaker 05

  I couldn't tell you off the top of my head.

• 1:20:12Caleb Hammer?

  Come on, best guess, got it.

• 1:20:14Speaker 05

  Uh, thirty thousand dollars?

• 1:20:17Caleb Hammer?

  Really?

• 1:20:18Speaker 05

  Maybe a little bit more than that, to be honest with you.

• 1:20:21Caleb Hammer?

  So you said last time, so what the is it?

• 1:20:23Speaker 05

  Well, I haven't sat and done any.

• 1:20:25Caleb Hammer?

  Okay, we're gonna say forty thousand hours. You made a hundred and eleven, or a hundred and ten. And good margins, especially for a first year of business. That's actually incredible. However, you probably owe like it's somewhere around the world of like thirty-three thousand dollars.

• 1:20:38Speaker 05

  I just know my total.

• 1:20:39Caleb Hammer?

  So add that to the debt counter, thirty-three thousand dollars for twenty twenty-four taxes. Probably. Now, of course, you have a little bit of time to max out some, uh, like a SEP IRA or something to lower your tax burden. Reed will help you with that.

• 1:20:56Caleb Hammer?

  Okay. Okay, well, this is an interesting situation. I have that nine thousand. You might need that to go to your to your taxes right now. That's the hard part. Uh PayPal instant. What does PayPal? What are these instant transfers that are going out?

• 1:21:08Speaker 05

  That's just so I get paid Venmo, Cash App, Zelle.

• 1:21:11Caleb Hammer?

  Yeah, this is going out.

• 1:21:14Caleb Hammer?

  The moment there was a slight complication, you're just gonna figure it out. Okay. But it's gonna be hard to help you when you don't know anything. Okay, and then you Zelle six hundred seventy five somewhere.

• 1:21:25Speaker 05

  That's rent. Yeah, Zelle, Zelle is a rent. Rent, yeah.

• 1:21:33Caleb Hammer?

  What's your rent?

• 1:21:34Speaker 05

  Twenty one hundred. Yep.

• 1:21:40Caleb Hammer?

  Two hundred five, two hundred dollars out. PayPal instant transfer out, instant transfer out, instant transfer out, instant transfer out, instant transfer out. Of course, you said you have literally no idea where these are going. You use PayPal to purchase like food?

• 1:21:56Speaker 05

  Yeah, yeah, I use just PayPal to purchase. Uh it's just like a secondary Apple Cash, I guess, or Apple Pay.

• 1:22:02Caleb Hammer?

  You're telling me that's like restaurants and coffee and going in gas stations and getting some bullshit?

• 1:22:07Speaker 05

  Yeah.

• 1:22:07Caleb Hammer?

  Are you kidding me?

• 1:22:09Speaker 05

  Be bills.

• 1:22:10Caleb Hammer?

  Sell food, so both, so both, so both, so both, so both, so both. I'm sorry for all the bleeping BS, BS, BS, BS. All this money that would just. It's a full bitch of it, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS, BS.

• 1:22:34Speaker 05

  I haven't cooked at home in like two years.

• 1:22:35Caleb Hammer?

  BS, BS, BS, BS, BS, BS, BS, BS, what the possible did you just say?

• 1:22:40Speaker 05

  Uh I haven't cooked at home in two years. I just eat out every day.

• 1:22:45Speaker 05

  Yeah, so I um like I said, just with my work schedule, I've been eating out. I'll go out for Chipotle and get a.

• 1:22:52Caleb Hammer?

  What's your work schedule, you?

• 1:22:54Speaker 05

  I work seven days a week.

• 1:22:55Caleb Hammer?

  I hear.

• 1:22:56Speaker 05

  Average.

• 1:22:56Caleb Hammer?

  Huh?

• 1:22:57Speaker 05

  Ten hour average days.

• 1:22:58Caleb Hammer?

  Okay, pack a lunch. You got a lot of hours left in the day still, but you're not sleeping. You're fine.

• 1:23:04Speaker 05

  I could pack a lunch.

• 1:23:05Caleb Hammer?

  You're a baby.

• 1:23:06Speaker 05

  Uh, not a baby.

• 1:23:07Caleb Hammer?

  Yep.

• 1:23:08Speaker 05

  Just for me, I just, I feel like spending.

• 1:23:10Caleb Hammer?

  You're being a baby. Your actions are being a baby. You're a baby.

• 1:23:13Speaker 05

  I'm not a baby.

• 1:23:14Caleb Hammer?

  Your actions are showing that you're a baby.

• 1:23:17Speaker 05

  For me, it's, it's more convenient and it makes more sense to just buy lunch out.

• 1:23:22Caleb Hammer?

  When you don't have any money and you haven't paid taxes, you're a baby.

• 1:23:28Speaker 05

  I just don't, for me, it doesn't make sense. I didn't really think of it like.

• 1:23:31Caleb Hammer?

  You haven't paid two years in taxes. You're spending money that's more expensive than going out and getting groceries and packing a salad. You're a baby.

• 1:23:39Speaker 05

  Well, I didn't think of it like that. I didn't realize that.

• 1:23:41Caleb Hammer?

  Which is what you've said to everything in this conversation.

• 1:23:44Speaker 05

  With my, with my work schedule, it made more sense to just go out.

• 1:23:46Caleb Hammer?

  Did it. You haven't paid your work taxes in two years.

• 1:23:49Speaker 05

  Right.

• 1:23:49Caleb Hammer?

  That made more sense.

• 1:23:51Speaker 05

  Yeah, cuz I didn't realize, um, how bad it was, to be honest with you. I didn't really say it.

• 1:23:56Caleb Hammer?

  Do you realize it was bad enough to apply it to come on the show?

• 1:23:59Speaker 05

  I knew I needed to make some type of changes and get some type of advice. I just didn't realize how bad my current situation was.

• 1:24:04Caleb Hammer?

  Oh buddy, good luck, my friend. Good.

• 1:24:11Caleb Hammer?

  It's crazy. So now. That was a thousand one hundred dollars out on just going out to eat. Thousand one hundred dollars and going out to eat.

• 1:24:26Caleb Hammer?

  And yet we haven't done our just simple, basic, minimum responsibility.

• 1:24:33Caleb Hammer?

  You should be disappointed. Thousand six hundred fifty-two ending on this.

• 1:24:39Caleb Hammer?

  PNC bake. Yeah. Cash app, Chick-fil-A, going in a gas station, getting some BS, gas station BS, Chick-fil-A, Vito's gourmet pizza. This is so, it's more. It's more cash app out.

• 1:24:56Caleb Hammer?

  Come again, Gwynn's got some BS, Gwynn got some, what do you get in the gas station for like $3 every day?

• 1:25:00Speaker 05

  Uh, ghost energy drinks.

• 1:25:01Caleb Hammer?

  How, this is a fucking pattern. I swear, if you come, if your finances are bad, you also stop at the gas station every day. These things have to be correlated. If you stop at the gas station every day and get some bullshit, your finances are bad.

• 1:25:12Speaker 05

  Yeah, I get a ghost energy drink every day and alright, so I did make a change. I used to buy a bottle of water with that. Now I started buying a pack of waters instead to make sure I'm not buying that bottle of water.

• 1:25:24Caleb Hammer?

  Buy a pack of ghost energy.

• 1:25:25Speaker 05

  Uh, they don't sell them in cases as far as I know, but I just saw actually last week that Costco has them in cases now. So, yeah.

• 1:25:32Caleb Hammer?

  They don't sell them in cases as far as I know, but I just saw they sell them in cases. Shut the fuck up. Dude, I don't know how you've survived. Gwynn got some BS, Gwynn got some BS, $125 sent out, who knows where. Gwynn got some BS, Gwynn got some BS, my goodness, I'm going to die, just like your heart. It's funny because he's fat. Chipotle, Soap Lab, at least you're staying clean.

• 1:25:59Speaker 05

  Oh yeah, it's my laundry service.

• 1:26:01Caleb Hammer?

  Laundry service, do you have a laundry machine?

• 1:26:03Speaker 05

  Uh, yes, but the time I spend doing laundry is a slow machine. It makes more sense just to pay 50 to a hundred dollars every two weeks. Uh, at least I feel it makes more sense. It saves time.

• 1:26:16Caleb Hammer?

  No, I don't think so. You could afford a machine that wouldn't be slow in like a couple of months of use.

• 1:26:22Speaker 05

  Uh, I, I rent my apartment. I can't go and buy a new machine for it.

• 1:26:26Caleb Hammer?

  Uh, you could ask them to take it out, sure.

• 1:26:28Speaker 05

  I didn't even know that's something you could do. For me, it's just.

• 1:26:30Caleb Hammer?

  You ask a fucking question, you're incapable. Why are people incapable of asking questions? Maybe you can't ask.

• 1:26:36Speaker 05

  Well, I wouldn't bother my landlords with getting a new machine.

• 1:26:39Caleb Hammer?

  Not getting a new machine, you're asking if you can bring in your own.

• 1:26:42Speaker 05

  No, they have, then they would have to take their machine that's in there out.

• 1:26:46Caleb Hammer?

  Yes.

• 1:26:47Speaker 05

  I'd.

• 1:26:48Caleb Hammer?

  And you're asking to see if they can, they might say no, they might say no.

• 1:26:51Speaker 05

  You can do that in like a.

• 1:26:52Caleb Hammer?

  Buddy, I did it in my second apartment here. So I know for a fact you can, whether or not your landlord will, I do not know.

• 1:27:00Speaker 05

  Yeah.

• 1:27:01Caleb Hammer?

  And also, these are sold in massive packs everywhere. I just got sent a screenshot. Literally everywhere, they sold in massive packs. So if you just found out, that's because, again, you're incapable of using a search engine. So, energy drink, energy drink, energy drink, box lunch, Mancora, whatever. Energy drink, Minnesota.

• 1:27:27Caleb Hammer?

  Energy drink, energy drink, Korean, this is crazy, man.

• 1:27:32Speaker 05

  Yeah. Uh, my daily expenses is crazy, I guess. I didn't realize they were crazy either.

• 1:27:39Speaker 05

  I'm really here to realize how I am and fix it. So, you know.

• 1:27:44Caleb Hammer?

  Guys, is that why it's here?

• 1:27:47Caleb Hammer?

  Who, is that? Oh, I guess that's why it's here.

• 1:27:50Speaker 05

  Oh, I mean, yeah, it makes sense.

• 1:27:54Caleb Hammer?

  Chevron, you went and got some energy drinks. Chipotle. Energy drinks, energy drinks, energy drinks, Korean, Prime Video, energy drinks, Cash App, out, Cash App, out, energy drinks, energy drinks, Cash App, out, Chipotle, teriyaki.

• 1:28:10Caleb Hammer?

  Oh. Oh, there's so many more pages in this. Oh, there's so many more pages. This couldn't possibly be. Oh. Am I really gonna read all these shit off? All right, let me get comfortable. Energy drink, Prime Video, Cash App, sent out. Energy drink, Chipotle, energy drink, energy drink, sushi, shut the up, shut the up. You're not doing Chipotle in a reasonable way. Either way, we're both fat, so.

• 1:28:41Speaker 06

  It's funny because he's fat.

• 1:28:43Caleb Hammer?

  Come on. Energy drink, energy drink, Cash App, sent out, energy drink, Cash App, sent out, Chipotle, Freak Factory.

• 1:28:51Speaker 05

  That's tattoo needles.

• 1:28:53Caleb Hammer?

  One business expense, and it's not even in a business account, as far as I know. Do you not have an LLC set up?

• 1:28:59Speaker 05

  No, no, I have.

• 1:29:00Caleb Hammer?

  You don't even have an LLC.

• 1:29:01Speaker 05

  My bank account for it, I don't use it.

• 1:29:06Caleb Hammer?

  Reed is gonna love working with you. At least he's gonna make money off of it. Oh, I guess I am technically. Oh.

• 1:29:16Caleb Hammer?

  Energy drink, Cash App sent out Chipotle, energy drink, energy drink, Chipotle. And rinse and repeat, rinse and repeat, rinse and repeat. Cash App sent out Chipotle, energy drink, energy drink, food at Vito's. Chipotle, Buffalo Wild Wings, energy drink, rise and tide. Oh, baby, we are sending out cash, we're sending out cash, we are getting some energy drinks at Teriyaki Express. And energy drinks and something, Fan, Fan, Fanu, Fanuwill Entertainment? It's not FanDuel. What is it? Fan, it will? Entertainment?

• 1:29:53Speaker 05

  I don't know.

• 1:29:55Caleb Hammer?

  You didn't see, it, the, the sounds like going to a strip club and Panda.

• 1:29:59Speaker 05

  Panda Land?

• 1:30:00Caleb Hammer?

  Huh?

• 1:30:02Speaker 05

  And then there's Panda Express in there too. Yeah, I, I don't know.

• 1:30:08Caleb Hammer?

  What?

• 1:30:08Speaker 05

  I, I don't know, dude. I'm trying to figure this out. I'm like, kind of lost, guys. My bad. Like, I'm, I'm really zoned out.

• 1:30:16Caleb Hammer?

  Okay, now he's talking to the producers. That's okay. Energy drink Dunkin' Donuts, ATM withdraw a hundred dollars, probably went to titty bars. Energy drink Cash App sent out. Good to go cuisine, ice cream, Flava Fussy. Papa Jay's and Chipotle and Prime Videos and Chipotle and energy drink and Apple Cash sent up. Don't know where that goes, because he can't account for a single second of it or even tell me. Or Chipotle or Cash sent out, or Chipotle or Cumberland. I bet if we look at that Apple Cash, this is more just Apple. Cash can double tap and paying for these fucking food things or titties or something. Oh, we continue.

• 1:30:59Caleb Hammer?

  Space bars, Chipotle, huh?

• 1:31:03Speaker 05

  Uh, no, no, no, no, it's just, you're good, you're good. Carry on. Chipotle. From the top.

• 1:31:09Caleb Hammer?

  Cash App out. Energy drink, energy drink Chipotle, energy drink Panda Express.

• 1:31:18Caleb Hammer?

  Energy drink and Amazon Chipotle, energy drink, red pepper chimes. We got some cash app on an ATM withdrawals and then we went and got a fucking ghost energy drink. Then we went to smoothie king to try to be healthy. Then we said, I'll cash up money. We don't know where that went because we're a dumb motherfucking ginger. And then we got an energy drink, Chipotle, energy drink, energy drink, energy drink, blue stream.

• 1:31:51Speaker 05

  That's my internet service.

• 1:31:52Caleb Hammer?

  Zell, zell, zell, zell.

• 1:31:56Caleb Hammer?

  Oh, I apparently missed a car wash, but I've lost effort to care.

• 1:32:00Speaker 05

  Rising tide was the car wash.

• 1:32:01Caleb Hammer?

  Live in Florida, there is no salt on the ground. There is no snow. There is no dust. You are fine. Your maintenance is likely not requiring.

• 1:32:08Speaker 05

  Oh, we have pollen that's pretty bad. But.

• 1:32:14Speaker 05

  Like to keep my car clean.

• 1:32:20Speaker 05

  You keep your car clean, right?

• 1:32:22Caleb Hammer?

  I can afford to, but it's not necessary for the maintenance of my vehicle here.

• 1:32:28Speaker 05

  I don't know. I just always like.

• 1:32:29Caleb Hammer?

  If you're up in the north or out in.

• 1:32:32Speaker 00

  It's getting chilly outside, but you know what that means?

• 1:32:38Speaker 00

  It's time to cozy up with Panera Bread. Let's get toasty, cheesy. Oh, hello broccoli cheddar soup in a red bowl. How about melty? Okay, Chipotle chicken avo melt. It's dipping bread and soupy goodness season. Oh yeah, we are so back. It's Panera season. Order now.

• 1:33:00Caleb Hammer?

  The west, sure.

• 1:33:04Speaker 05

  Florida, you do live right by the beachy waters, so. The salt water, I don't know if that affects it, but I just like to keep my car clean.

• 1:33:11Caleb Hammer?

  Yes, that keyword like to.

• 1:33:20Caleb Hammer?

  If I build this budget, it's really even a chance. It's really even a fucking chance here.

• 1:33:28Caleb Hammer?

  Okay.

• 1:33:32Caleb Hammer?

  Income after expenses, probably a hundred ten thousand dollars of the hundred ten thousand dollars we're gonna set thirty percent aside for taxes.

• 1:33:41Caleb Hammer?

  Or, yeah, a hundred and eleven thousand dollars, divide that by twelve, set thirty percent aside for taxes. We ha-

• 1:33:50Caleb Hammer?

  A monthly income, congratulations, after expenses and tax savings of six thousand four hundred sixteen dollars. That's a real income. You haven't realized that because you haven't paid taxes. And you do not know how to budget for your expenses, your debt minimum payment totals. Let's find out.

• 1:34:08Caleb Hammer?

  Probably gonna get on a minimum payment with your IRS. Cause I don't think you're gonna be able to come up with cash in order to pay anything, but I'm sure it would be possible at some point. Your debt minimum monthly payments are one thousand two hundred thirty-two dollars and sixty-seven cents. Let's go ahead and get that rent. What was it? One more time?

• 1:34:30Speaker 05

  Twenty-one hundred?

• 1:34:31Caleb Hammer?

  Yeah, I'm sure it is. Twenty-one hundred. What about them utilities? Water, gas, electric?

• 1:34:35Speaker 05

  Uh, no gas, electric, uh, and internet, probably come out to an extra two hundred.

• 1:34:39Caleb Hammer?

  Okay. Insurance?

• 1:34:42Speaker 05

  Uh, I don't have that.

• 1:34:43Caleb Hammer?

  Okay, get it. I'm putting in fifteen bucks. It's really cheap. It's stupid not to have it. Phone bill?

• 1:34:48Speaker 05

  A hundred dollars.

• 1:34:49Caleb Hammer?

  Why?

• 1:34:52Caleb Hammer?

  Do you owe on your phone?

• 1:34:53Speaker 05

  Yes. Yeah, my normal bill's like seven.

• 1:34:55Caleb Hammer?

  This is what locks people into the expensive carriers. I swear, cause I don't know why people aren't on any of the alternative carriers. The one we work with is Helium. You get it for fifteen bucks a month, same service as T-Mobile. I don't understand why people don't use that, but it's a hundred bucks until you pay off your fucking phone, gas, room from drive-drive. How much?

• 1:35:11Speaker 05

  Uh, probably like a hundred fifty.

• 1:35:13Caleb Hammer?

  Car insurance, how much?

• 1:35:14Speaker 05

  Uh, it's one sixty.

• 1:35:17Caleb Hammer?

  TP phone, a hundred dollars. I'm gonna give you necessary food, three hundred dollars. You see that little cookbook right there? You see it?

• 1:35:24Speaker 05

  Yes, sir.

• 1:35:25Caleb Hammer?

  You get that with the budgeting app, cause you get all of that for free for being a guest. You guys get a free, free week trial, so you get the cookbook as well. But use that, use that. You can meal prep, you pack to your warm-up show when you get home after a long day and you bring stuff to work, okay? And you could probably fast breakfast.

• 1:35:45Caleb Hammer?

  Okay, medical healthcare, anything on a monthly basis?

• 1:35:49Speaker 05

  No.

• 1:35:50Caleb Hammer?

  Do you pay for health insurance?

• 1:35:51Speaker 05

  Nope.

• 1:35:52Caleb Hammer?

  You should pay for health insurance and putting in four hundred dollars for health insurance. Here's a reality that is not fat shaming, but I am qualified as a fat individual. We are more likely to have medical complications due to our lifestyle habits of being disgusting. And that means you should get health insurance because you're more likely to use it than other people our age. We are pretty much the same age. Four hundred dollars for health insurance. Do you have any pets?

• 1:36:21Speaker 05

  Nope.

• 1:36:22Caleb Hammer?

  Good. Thank goodness. I would not trust the ginger around a cat without eating it.

• 1:36:27Speaker 05

  That's crazy.

• 1:36:28Caleb Hammer?

  Four thousand seven hundred fifty seven dollars and sixty seven cents is what you need to survive. Good. That means out of the six thousand four hundred sixteen dollars, you have an extra one thousand six hundred fifty eight dollars and thirty three cents. Well done. I'm very proud of you. I'm going to give you a hundred fifty eight dollars and thirty three cents for bull. Bull. Bull. Woo. One hundred fifty eight dollars and thirty three cents. Congratulations. This means you have an extra one thousand five hundred dollars a month to play with. Probably going to be less because you're going to get on a minimum monthly payment with the IRS.

• 1:37:07Caleb Hammer?

  All jokes of the thirty eight thousand dollars and forty four cents that are not IRS debt, that's just your car loan. Um, I'm going to, you're going to minimum payment the car until it's paid off. So I'm going to minus that eighteen thousand ninety dollars from the thirty eight thousand forty four. But this also does not include the IRS debt because it's not realized yet and you need to sit down to read and figure that out.

• 1:37:31Caleb Hammer?

  So nineteen thousand nine hundred fifty four dollars. A very bad debt of the a thousand five hundred dollars that takes about a year and a month to pay off. That's actually not horrendous. That's if you stop being a baby and you actually deal with it like a man.

• 1:37:44Speaker 05

  Yes, sir.

• 1:37:44Caleb Hammer?

  You deal with your and you actually budget, you use the app, you take the education, you use the resources I give you, you use the information, the wake up call that is being done here and you actually give yourself any sense of responsibility.

• 1:37:57Caleb Hammer?

  And discipline, then you come on the follow-up show in six months and half the debt should be paid off. That is what you're gonna do. It is easy as fuck. Not really. It's always easier said than done. But you have a path and I even gave you fun money. Obviously with the IRS, some things will become complicated, but we'll deal with that as you learn more information.

• 1:38:17Speaker 05

  I, I do really appreciate you making the budget for me.

• 1:38:20Caleb Hammer?

  Oh, my, oh, my, I don't even know what happened, but Lindsay, producer Lindsay is telling me in the post-show, she knows something that you did last night that is apparently stupid and can cost endless amounts of money. And I'm gonna die. We'll save that for the post-show. You can join our YouTube membership link in the description below. For the rest of this month, by the way, I'm paying for it. So if you sign up for Hammer Elite, I reimburse it. I literally send you a $10 virtual Visa gift card that you can spend anywhere and in any country besides like North Korea and Russia. So it's literally free. So just go ahead and sign up for that and then just follow the instructions after you sign up and I'll pay for it. But either way, Hammer Financial Score, how pissed am I gonna be in the podcast? Okay, I'm just, I'm ready to just relax. Spending, and I do have a crazy story though.

• 1:39:06Caleb Hammer?

  It's, it is naughty. Spending in a budget zero out of 10, you overspent debt, IRS debt, zero out of 10 emergency fund. Oh, yes, there's that money sitting there. I'm gonna have you hold that until you talk

• 1:39:22Caleb Hammer?

  to read the simpler money tax expert about your tax situation, because you might need to use that for that. So I don't want to touch it. But if you do, we can fuel it towards the smallest debts until everything is paid off. Okay? So emergency fund, because you have that, that's gonna go towards debts. It doesn't really count. I'll be a generous two out of 10 with that. Retirement, what's your investing or anything looking like? Well, I'm gonna die. Okay, so me, that's a follow-up conversation, zero out of 10. Real estate score, zero out of 10. Hammer Financial Score, gonna give you. A little bit of grace, point five out of 10. Guys, make sure to download the simpler budget app. You get it for free. I think it's you get two weeks for free. Uh, for the premium version, there's a free version as well, but there's so much you get with it.

• 1:40:07Caleb Hammer?

  I highly recommend it. We want it to be the best budget app in the world. And I'll join us, join us in the post show, join the hammer elite membership below. I'm gonna pay for it for an entire month. I'll see you guys in the post show.

• 1:40:18Speaker 05

  We went to the [BLEEP] club last night.

• 1:40:19Caleb Hammer?

  You travel to a different place and you just go to the [BLEEP]. You immediately go to the [BLEEP]. How much you spent on the [BLEEP] last night?

• 1:40:25Speaker 05

  Well, it was a night I was...

• 1:40:26Caleb Hammer?

  How much did you spend on the [BLEEP] last night?

• 1:40:29Speaker 05

  Like [BLEEP] dollars.

• 1:40:30Caleb Hammer?

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