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Transcript 20,384 words · 7 speakers
Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.
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0:27 Speaker 01 This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up require compatibility and availability varies 18+. To watch episodes of Financial Audit a week earlier, check us out on YouTube.
0:55 Speaker 02 I'll spend things on whatever the [bleep] I want.
0:56 Caleb Hammer? You hear that? He'll spend it on whatever the [bleep] you want.
0:58 Speaker 02 What I'm trying to say is that we're trying to take the steps to get to we want to buy a house.
1:02 Caleb Hammer? But you haven't. Shut the [bleep] up for a second.
1:04 Speaker 02 No, I want to understand why you think doing
1:06 Caleb Hammer? I'm explaining it right now. If I'm explaining that, you will listen and you will hear the answer that you'll desire. Is there a way to communicate with him?
1:13 Speaker 04 I just tune him out sometimes.
1:14 Caleb Hammer? Like, I'm confused on how he's confused.
1:16 Speaker 02 We have two different communication styles.
1:18 Caleb Hammer? Obnoxious and delusional.
1:20 Speaker 02 But you're looking at one month after having 37 years of habits built up.
1:24 Caleb Hammer? You're right.
1:25 Speaker 02 When we're trying to take time to change these habits.
1:26 Caleb Hammer? No, you're right. You're right. And I see the results. I see the results of that. It's more than a quarter million dollars in debt.
1:31 Speaker 04 Why didn't you tell me it was that much?
1:34 Caleb Hammer? Get your hammer financial score at CalebHammer.com and see where you stand in the world of finances today.
1:42 Speaker 02 Hey, I'm Tim. I'm 37 years old.
1:44 Speaker 04 I'm Mary. I'm 37 years old.
1:46 Speaker 02 And this is Financial Audit.
1:48 Caleb Hammer? Tim, coming and excited. Okay. What do you do for a living here in Austin?
1:52 Speaker 02 Uh, I mean, I make money. Uh, I work in the software engineering field. So
1:56 Caleb Hammer? Yeah.
1:56 Speaker 02 I've done that for the last like 10 years or so.
1:58 Caleb Hammer? Yeah, we do that here in Austin. Not necessarily the best market right now, so I really hope you don't get laid off. What are you making?
2:05 Speaker 02 Uh, right now I make about $250,000. Uh, and that's including an annual bonus as a house.
2:11 Caleb Hammer? Yeah. Woo, that is chunky.
2:13 Speaker 02 Yeah, it's nice. I mean, I've worked for a long time to get there. Uh, but you know, I thought I'd come in so that we can have an opportunity for you to actually look at people with finances instead of just people that have a job. So.
2:25 Speaker 02 We actually know what we're doing.
2:26 Caleb Hammer? With finances?
2:27 Speaker 02 Yeah, when you're just like doing a side hustle. Well, you're just having a side hustle all the time, like.
2:31 Caleb Hammer? You think everyone just has a side hustle on the show?
2:33 Speaker 02 Yeah, I mean, everyone's like, you know, doing DoorDash or working out at like the delivery window or something like that.
2:39 Caleb Hammer? Be like one out of every eight episodes.
2:41 Speaker 02 I guess the ones that just come across that become interesting are the ones that have the.
2:45 Caleb Hammer? So you're not interesting?
2:46 Speaker 02 Oh, we're about to find out, right? That's the whole point.
2:49 Caleb Hammer? Okay, so someone with actual finances, that's, that's curious. Okay. $215,000. That's great.
2:56 Speaker 02 50?
2:57 Caleb Hammer? Yeah.
2:58 Speaker 02 Okay, I thought you said 15.
2:59 Caleb Hammer? Oh, no. And Mary, what do you do?
3:01 Speaker 04 I work in market research. I bring in after bonuses and everything. I bring in like 85,000 a year.
3:07 Caleb Hammer? Also great. Greg, just that alone would be great, but with this 250, so I mean, we're killing it. What hits our account on a monthly basis on average across everything? Are we combined account?
3:17 Speaker 04 Combined account, yeah.
3:18 Caleb Hammer? Okay, there's finances, ladies and gentlemen. It's a combined account.
3:22 Speaker 02 I'm glad you recognize that.
3:23 Caleb Hammer? Yeah, well, what is the account?
3:26 Speaker 04 I don't know.
3:27 Speaker 02 Oh, what hits the account on a monthly basis?
3:29 Caleb Hammer? Yeah.
3:29 Speaker 02 Yeah, we hit the account roughly 18,000 a month.
3:36 Caleb Hammer? What doesn't she know?
3:37 Speaker 04 I just don't do the math.
3:39 Speaker 02 I'm more financially focused in numbers or not financially focused. We're both equally invested in budgeting, but I'm more numbers focused. Like, I'll keep track of the numbers more closely than.
3:47 Caleb Hammer? But invested in budgeting, but she doesn't know the numbers around the budgeting?
3:50 Speaker 02 Our budget skills are in development. We only recently invested in a budgeting app in the last two months or so, and so we're just trying to stick to that and be.
3:58 Caleb Hammer? And you were doing before?
4:00 Speaker 02 A little like finger to the air, you know, keeping track of it, mostly in my mental financial spreadsheet, I guess you could say.
4:09 Caleb Hammer? Well, how'd that work out? Cause I don't know if we're in it. Who knows if we were able to put it together? But two days in a row now, I've had fat stacks and this is fatter than the last one. This is gonna take us an eternity to get through. Finger to the air? Oh, you have actual finances? This is crazy, man.
4:27 Speaker 02 That's just a number of accounts. That's all it is.
4:29 Caleb Hammer? That fucking booms the room. You hear that?
4:33 Speaker 02 I'm glad you brought me a toy to play with today.
4:36 Speaker 02 We brought you a toy, so you could actually have a good time.
4:38 Caleb Hammer? You brought me a toy?
4:39 Speaker 02 Yes, better than that little boo boo behind you.
4:42 Caleb Hammer? Uh huh.
4:43 Speaker 02 Yeah.
4:44 Caleb Hammer? Okay. Uh, sure. So what were you guys doing before this? I mean, you said finger to the air, yeah, but what did life look like before this? Oh, we got a budgeting app, which by the way, I mean, I'm gonna see the month that you had a budgeting app. I the last month, so month number two of having a budgeting app. Shocker, didn't go well, but what were you doing before the budgeting app?
5:08 Speaker 04 I think just trying to tally everything up like in our head. We're not really, I don't know, I like would spend something.
5:14 Caleb Hammer? What did life look like?
5:15 Speaker 04 I mean, the same as it kind of does now, like we go out to eat several times a week. We go to the movies at least every other week. We have our hobbies, we have our dogs.
5:24 Caleb Hammer? That's not going to the movie every other week and going out to eat every once in a while for an income as strong as y'all's isn't even close to concerning by any means. That wouldn't lead us to this.
5:34 Speaker 04 I mean, we like nice things. We like nice restaurants. We like to travel.
5:37 Caleb Hammer? What is out to eat, spending $2,000 every few days?
5:43 Speaker 02 No, I mean, every, we probably spend, we spend, you know, $200 or so a week on, on eating out.
5:48 Caleb Hammer? Which would not make or break your budget by any means. I'm still concerned.
5:52 Speaker 02 We didn't always make this much money. We always, we, we met later.
5:55 Caleb Hammer? How long have you been making this much money?
5:57 Speaker 02 I.
5:59 Speaker 04 Five years for me.
6:00 Speaker 02 Yeah, so.
6:01 Caleb Hammer? And you?
6:03 Speaker 02 I over 100K for the last five years, uh, five or six years.
6:07 Caleb Hammer? What the fuck are you talking about? Well, we guys have been double, triple the median household income for a minimum five years.
6:13 Speaker 04 We had a lot of debt coming into our current jobs that we have now.
6:17 Speaker 02 Yeah.
6:17 Caleb Hammer? But that's over five years ago.
6:19 Speaker 04 Yeah.
6:20 Speaker 02 But it took us 10 years to build up that debt ahead of that time. So a lot of it, a lot of the situation is us mortgaging our 30s to pay for our 20s is how I would describe it. We spent, we both went into a lot of debt, had a lot of fun before we met each other. And then now that we are in our 30s and actually meeting the earning potential that we plan to have.
6:39 Caleb Hammer? Which is why we spent 27,000 hours last month when we bring, when we brought in 15?
6:43 Speaker 04 Yes.
6:44 Speaker 02 Yeah.
6:44 Speaker 04 Yes.
6:45 Caleb Hammer? Because.
6:46 Speaker 04 Oh, we got married.
6:47 Caleb Hammer? We were only bad before. And we're doing great now, second month into having a budget nap. Guys, it was all 10 years ago, which is why we spent $10,000 more than came in last month. What the are you possibly talking about?
6:58 Speaker 04 It was a special occasion. We got married. So.
7:01 Speaker 02 We recently got married. Yeah.
7:02 Caleb Hammer? Recently, when?
7:04 Speaker 04 June.
7:04 Speaker 02 Couple of months ago. Last month didn't include. That's not in that $27.
7:07 Caleb Hammer? Okay, I'm not seeing this marriage.
7:11 Speaker 04 Well, it'll come up.
7:12 Speaker 02 I mean, the state of Texas knows about it. If we need to go get a certificate for you.
7:15 Caleb Hammer? No, I'm saying the finances. I don't know. Maybe.
7:18 Speaker 04 We did save. So we we got engaged and we uh we waited like almost three years.
7:25 Speaker 02 But last month, those costs weren't in August. Last month, our costs would have been related to paying off debt and paying for our dogs. We spent a lot on taking care of our dogs. We spent a lot on going out. We spent a lot on entertainment, restaurants, bars, just enjoying our lifestyle.
7:39 Caleb Hammer? Guys, you bring in net, well, 18, which is so this was just about that. Again, I had 15,500. So it was a little less. But this doesn't make any sense why you spend 27.
7:55 Speaker 02 I think that's part of the reason that we need a budgeting app to keep track of it all.
7:58 Caleb Hammer? Cool. This was the second month into a budgeting app. What did you find?
8:02 Speaker 02 Uh, we spent about, the budgeting app told us that we spent about $2,500 over our flexible budget.
8:10 Speaker 02 So like.
8:10 Caleb Hammer? What do you consider your flexible budget?
8:12 Speaker 02 Discretionary accounts.
8:13 Caleb Hammer? Yeah, what number?
8:15 Speaker 02 I don't know. I've got to pull it up on my phone. I think it's like $4,500 or so.
8:19 Caleb Hammer? So 45. Well, it's okay. I don't need an exact number, but 45.
8:23 Speaker 02 Yeah.
8:23 Caleb Hammer? Is you're considered flexible budget?
8:25 Speaker 02 Yeah.
8:25 Caleb Hammer? Well, we know you've spent well beyond. Also, fucking bad debt alone is $161,000.
8:32 Speaker 02 That's correct.
8:32 Caleb Hammer? 161 bad debt. That's bad, bad, bad debt. Now there's a lot of.
8:39 Caleb Hammer? No way. No, you guys are $269,180.29 in debt and not a single one of those is a mortgage?
8:47 Speaker 02 Correct. Yeah.
8:48 Speaker 04 We do want to buy a house like in the next two years.
8:51 Caleb Hammer? Okay, so I mean, what the is this? This is lifestyle inflation to the core. You guys are making well beyond what anyone in their wildest dreams makes. And yet you're living like you make double somehow. Like this makes no sense. You guys make what 350?
9:06 Speaker 02 Uh, roughly three, 350.
9:09 Caleb Hammer? But you're living like you make five.
9:11 Speaker 04 Yeah.
9:12 Speaker 02 We like nice things. We like enjoying ourselves.
9:14 Speaker 04 We worked hard to get to where we are. And I know that other people say that, but.
9:18 Caleb Hammer? 350,000 hours hard, not 500.
9:20 Speaker 04 Well, I mean, a little, you gotta live life a little.
9:24 Speaker 02 We enjoy ourselves.
9:25 Speaker 04 Put the life back in a living.
9:26 Speaker 02 We, we do set aside like a lot of the, I don't know. Like I'm, I'm curious to see what that 27,000 actually goes towards debt when it comes to spending. Uh, cause we do pay a decent amount towards our debt that we had before getting into our situation.
9:37 Caleb Hammer? Maybe, I don't know. That's not what I, dude, you, you guys have literally, uh, more than a quarter million dollars in debt. None of it's really good. A hundred of it's student loans, which has provided a return on investment. Sure. And then there's some 0% cards, but then. Well, what do you mean?
9:54 Speaker 02 I, it took me 10 years to get an undergraduate degree, but no, no.
9:58 Caleb Hammer? Nobody's autistic though.
10:00 Speaker 02 Yeah. Well, aren't we all? It's a spectrum, right? Uh, you can't argue about it. I've seen you.
10:05 Speaker 04 Uh, a little, a little, maybe a little on the spectrum.
10:09 Speaker 02 My point being though, is that, uh, the 10 years that it took me, I jumped between a couple of, a couple of different things. I started studying music, went to accounting, went to mathematics. But none of those apply to my actual job these days. All I do is that I actually, I taught myself how to code and got into software. So my education that I got wasn't necessary for the skills in the job that I do now.
10:28 Caleb Hammer? Was most of that 100 you?
10:30 Speaker 02 I'm sorry?
10:30 Caleb Hammer? Most of the 100 student loans?
10:32 Speaker 02 Uh, half of it is mine. Yeah. We each have about $50,000 in federal student.
10:36 Caleb Hammer? Well, you're still paid off though.
10:38 Speaker 04 Uh, I have like $4,000 left on a state loan and then.
10:42 Caleb Hammer? But yours paid off. I'm saying what you borrowed for your income that you're getting is paid off. It was a good return on investment.
10:48 Speaker 04 Yes, I think so.
10:49 Caleb Hammer? Yeah. No, objectively.
10:51 Speaker 04 Yeah.
10:52 Caleb Hammer? I mean, you guys make an incredible income again, which is crazy. Why, why? Every time, I swear, I swear in this country specifically, it's like.
11:03 Caleb Hammer? I mean, there's a big part of our culture like people are gonna be envious of your financial situation. They're gonna, you know, almost be upset that you make this much money. Honestly, don't even be upset. I swear, people, every time I meet people that make a ton of money, they're in worse financial situations than those who are broke.
11:21 Speaker 04 I mean, we
11:22 Caleb Hammer? Cause you guys have this.
11:23 Speaker 04 We could get out of it. I feel like in less than a year.
11:27 Speaker 02 It takes time to get out of it.
11:28 Caleb Hammer? Sure. You've spent five years of making incredibly strong income, three times the average median, the median household income in the United States. So why haven't we?
11:35 Speaker 02 Because most of that time we spent, like, most of our discretionary income was spent saving for a wedding to be able to pay for our wedding.
11:40 Caleb Hammer? How much was your wedding?
11:41 Speaker 04 Seventy thousand dollars.
11:43 Caleb Hammer? Why? What? Again, you guys are living a 500,000, maybe 750,000 dollar lifestyle.
11:49 Speaker 04 It was beautiful.
11:51 Caleb Hammer? Okay.
11:52 Speaker 04 It was beautiful. It was the happiest day of my life and I don't regret it. And I will, I will fight you on that, Caleb.
11:56 Speaker 02 Yeah. We went over, we had a $50,000 budget for the wedding.
12:00 Caleb Hammer? Well, then.
12:01 Speaker 02 Paying a little bit more than that.
12:02 Caleb Hammer? Oh, yeah. Twenty-five percent more, right? Or 50% more?
12:05 Speaker 02 Yeah.
12:06 Speaker 04 I think so, yeah.
12:07 Speaker 02 Yeah, I'd say that. Yeah. Roughly in that state, that right timeframe, or that
12:10 Speaker 04 It was great.
12:11 Speaker 02 Pay range.
12:12 Caleb Hammer? What the cost 75,000 dollars?
12:14 Speaker 02 Magic, my friend. Magic.
12:16 Caleb Hammer? Okay, let's give an example.
12:17 Speaker 04 There were, well, there were three different parties. Cause I'm Mexican and, you know, in Mexico, you have like a three day long celebration.
12:24 Caleb Hammer? Well, I mean, you're in America.
12:26 Speaker 04 Yeah, well.
12:27 Caleb Hammer? Fun fact with that one, but
12:28 Speaker 04 We may have traveled.
12:30 Caleb Hammer? The wedding was in Mexico.
12:32 Speaker 04 Yeah, it was cheaper.
12:33 Caleb Hammer? Yeah, you saved so much.
12:35 Speaker 04 We did. For what we got.
12:37 Speaker 02 Yeah, well, it would have cost
12:38 Caleb Hammer? If you went insane in America, sure. Dude, this makes no sense. This makes no sense.
12:45 Speaker 02 I mean, we, we wanted to have the wedding of our dreams. We wanted to have the exact party that we wanted to have.
12:50 Caleb Hammer? And you're
12:51 Speaker 02 And we prioritized saving for instead of, yeah.
12:53 Caleb Hammer? You're completely financially
12:55 Speaker 02 Yeah.
12:55 Caleb Hammer? You could have been fixing it for so long. You're saying you just saved up the 75,000 dollars over five years?
13:00 Speaker 02 We saved up about $50,000 over five years.
13:03 Caleb Hammer? Okay, good. If you can get out of a quarter million dollars of debt, in fact, more in two years, wouldn't you saved up 50,000 dollars in five years?
13:10 Speaker 04 If we really like calm down.
13:12 Caleb Hammer? Isn't working. Our big dream day, you couldn't Buckle down and really figure that out and work hard.
13:18 Speaker 02 It's not that we couldn't, it's just we chose to have the party that we wanted to have.
13:21 Caleb Hammer? No, no, no, no, no.
13:22 Speaker 04 We mostly paid off the wedding.
13:24 Caleb Hammer? She's saying you can do $250,000 in two years if you really buckle down. But the big dream day was our big special thing that she would never regret and never take back. Okay, great, but she, you guys couldn't buckle down for five years and do more?
13:35 Speaker 02 I think that there's actually a little bit of.
13:38 Caleb Hammer? I wish there was proof. I could be like, woo, yay, yeah, two, two years. And we're out of this, guys. Let's fucking go. I would totally believe it.
13:48 Speaker 02 I think, I think two years is probably a stretch goal, but we could probably get out of it within the next five years. I mean, we've been paying off various accounts and even before we had the budgeting app, the whole goal was whenever a check hit our account, it would say, okay, what do we have? What's our next debt that needs to be paid? We'd pay all of our debt first and then we would use the rest of the money to.
14:09 Caleb Hammer? I have pictures from their wedding. This is insane. They're in like a castle. They got marching bands.
14:13 Speaker 02 There's a parade.
14:15 Caleb Hammer? Ridiculous.
14:15 Speaker 04 It was gorgeous.
14:17 Caleb Hammer? Yes, it's gorgeous. No, no, no, but I, it's just like, it's the entitlement around to thinking like, because you wanted it, you could afford it and it makes sense. It necessarily doesn't. And yes, you're Mexican now in these pictures. I thought you were Asian here.
14:28 Speaker 02 It's not the first time she's heard that.
14:31 Caleb Hammer? Yeah.
14:33 Speaker 04 But we did pay, like that wedding is paid for entirely. That's why we waited so long to have the wedding of our dreams. Is that we wanted to put as much cash down as possible for it.
14:45 Caleb Hammer? I get that, dude. I'm saying you have no proof to back up. You being able to pay this off in two years when you could only do 50 for our dream in five.
14:58 Speaker 02 What do you mean there's no proof? Like, we're paying off, we're fucking payments towards debt.
15:02 Caleb Hammer? Minimum monthly payments doesn't matter.
15:04 Speaker 02 We're making more than minimum monthly payments.
15:05 Caleb Hammer? Well, you can see you spent more than you made. Like, that always gets offset. Hope there's someone twerking on the ground.
15:11 Speaker 02 That is true.
15:12 Speaker 04 My best friend?
15:12 Speaker 02 We always know how to throw a good party. Our friends always bring the best energy, for sure.
15:17 Caleb Hammer? You guys can always afford it.
15:19 Speaker 04 We had mezcal bottles with our names on it. It was, it was perfect.
15:23 Speaker 02 Yeah, little Sunday brunch the day after. Everyone got to hang out on the pool.
15:26 Caleb Hammer? They made her into a pinata?
15:27 Speaker 04 What?
15:28 Speaker 02 No, that's not her. It's just a, they do what's called a kalinda in Oaxaca.
15:34 Speaker 04 Oh.
15:34 Speaker 02 And that was the parade that occurs after the wedding reception and...
15:37 Caleb Hammer? Boring! It's true, and we're not, I, I, I want to learn a little more about you guys, but it is true. This first statement, they made more than a minimum payment. That is true, which is what you do, but it doesn't matter because you spent more than you even put towards the card. If you make more than a minimum payment, but then you spend way more than you even made in terms of the payment, then fuck you, you don't get out of debt. And again, the no proof? There it is! I don't know what... What is your guys' internal dynamic about our money? You guys were communicating. How, how's it working? How's it looking in the house? The household?
16:11 Speaker 02 I mean, when we, when a paycheck hits the account, usually I'll talk to her and we'll say, "Hey, what do we need to pay between now and the next paycheck?" And we'll pay off all those items. And then at that point, we take...
16:20 Caleb Hammer? But how are you choosing? Because again, you spent more than you even put towards this on the last month.
16:24 Speaker 02 It all comes to due dates for the, for the accounts. So if someone's due, so if we get paid on the first...
16:29 Caleb Hammer? You're talking when a minimum is due?
16:31 Speaker 02 When a account balance, when, yeah, when a next monthly payment is due on the account. And we pay the minimum payments for everything there.
16:38 Caleb Hammer? Uh huh.
16:39 Speaker 02 And then we have an additional fund in the budget line that's about $1,500 of debt that we can pay towards debt.
16:46 Caleb Hammer? But again, you spend more on it than you put towards it, so it doesn't matter. And by the way, you are not answering my question. I asked how the dynamic of finances are in the household, how you guys communicate. He knows the numbers. It sounds like he's really telling you what to do. It sounds like Conquistador came in here and stealing all the gold, like...
17:02 Speaker 04 No, it's, I mean, there are some, there are some charges that are on the account where I'm like, I don't really know what that is, but then I just ask him.
17:10 Caleb Hammer? It's not about not knowing what it is, you don't know the numbers.
17:13 Speaker 04 I mean, not specifically, no, like, I know he makes X amount every time he gets a paycheck. I don't add it up. So when you ask, like, how much hits your account every month? I don't know. Like, I can guess, but I don't know the specific number. And then I know that my accounts are paid for every time, like, we don't have a late payment. Every time that it's due, I pay my account. And I know what I spend on monthly, and he spends on his stuff monthly. I don't.
17:43 Speaker 02 That's one thing that we're trying to do better about, and that's one thing that we spend a lot of money on, is eating out and eating, you know, not so much DoorDash, but just nice restaurants and stuff. Uh, you know, we, her birthday was last week, we went and had a nice sushi dinner.
17:55 Caleb Hammer? You guys will have an excuse for everything. There will be things that pop up forever. You'll have an anniversary every year, you'll have two birthdays every year, you'll have ten. Do you guys have kids?
18:03 Speaker 04 No, but we want to.
18:05 Caleb Hammer? Well, you'll have birthdays for them every year, you'll have Christmas, you'll have family. There's always things that'll be popping up, and you guys will use that as an excuse to spend an infinite amount of money constantly.
18:15 Speaker 02 But if we're making this money, we should enjoy it. Why, why shouldn't we enjoy the money that they're making?
18:19 Caleb Hammer? I'm not saying you don't enjoy it, I say enjoy it responsibly. You're, you're spending like you make $500,000 a year.
18:24 Speaker 02 I mean, when, relatively speaking, when I was younger, that's absolutely how I spent, I spent $500,000.
18:29 Caleb Hammer? That's how you're spending now, you spent $27,000, you brought in 15. Why the f**k are we talking about when you're younger? I'm talking about you literally in the statements that we have.
18:37 Speaker 02 I, I don't believe that your statements are, I don't believe your calculations are perfectly accurate.
18:41 Caleb Hammer? Perfectly accurate, as in adding up numbers.
18:43 Speaker 02 But you're counting spending, and all that spending.
18:45 Caleb Hammer? Okay, here's an example, first credit card, they paid $4,000 towards it but spent $9,141. Just because it's not visible in your checking account doesn't mean that's not what was spent.
18:54 Speaker 02 I, but how does that spend across, like, when you look at the checking account and you look at what was coming out of the checking account?
19:02 Caleb Hammer? It's not just about the checking account, it's all accounts combined, big guy.
19:05 Speaker 04 What card is it?
19:06 Caleb Hammer? It's the Navy Federal.
19:08 Speaker 04 It's your card.
19:09 Caleb Hammer? Your card.
19:10 Speaker 02 Yeah. I mean.
19:12 Caleb Hammer? This lady's bullsh** loan was borderline $10,000. It's right there.
19:16 Speaker 04 On what?
19:17 Caleb Hammer? On her own, but that's the category, we'll find out. This lady's bullsh** can range from video games to Mazda energy drinks to who knows? We're gonna go through everything. Going out to eat was $1,225.
19:32 Caleb Hammer? Like this thing's crazy.
19:34 Speaker 02 That's why we're trying to like adjust our spending in our budget now.
19:37 Caleb Hammer? Sure, and then you didn't after two months of having a budgeting app.
19:40 Speaker 02 Sure, but we have to adjust the way that we're spending so that we can get to the next part of our, our next phase of our life.
19:44 Caleb Hammer? I agree, which is why you didn't do it in your two months of having a budgeting app.
19:48 Speaker 02 Right, and so now in the next two months.
19:49 Caleb Hammer? Why do you keep saying, well, what is this answer? This is, that's such a non-answer though.
19:53 Speaker 02 It's not an answer though. What I'm trying to say is that we're trying to take the steps to get to where we need to be. Like, we want to buy a house.
19:58 Caleb Hammer? You haven't in the two months you've had a budgeting app. Like, I want to believe you. If we're sitting here and we're just having a conversation where we're not being fully open, and I'm not, and I'm not, shut the fuck up for a second.
20:09 Speaker 02 No, I want to understand why you think that I'm not doing it.
20:11 Caleb Hammer? Because I'm explaining it right now. If I'm explaining that, you will listen and you will hear the answer that you'll desire. Why do I not think it? Well, because you say, "Oh, I'm going to do this. This is going to happen. This is what we're working on." And in a conversation, if we were just at a coffee shop, I'd be like,
20:30 Caleb Hammer? because why have the conversation? But here's the thing, we have a budgeting app for two months. I have your most recent month. I see the spending that's within that month. So why am I trusting and believing that you are going to do that? When all the proof that is on paper, on paper, is suggesting otherwise? So why would I just sit here and listen and just be like, "Oh, you're right, you are going to fix that"? What the fuck are you talking about? You have the same tools that you had the month that we're seeing here. I'm not just gonna take it and believe it and stop pushing back because, uh-oh, yeah.
21:00 Speaker 02 But you're looking at one month after having 37 years of habits built up. When we're trying to take time to change these habits.
21:05 Caleb Hammer? No, you're right, you're right. And I see the results, I see the results of that. It's more than a quarter million dollars in debt. And I see the habits that you're doing literally last month, which means it's not gonna 100% be completely 180 next month, and that is blowing $10,000 more than you make.
21:18 Speaker 04 It takes like six months for change to happen. So, right, like six weeks, six months, what is it?
21:24 Speaker 02 Two weeks to make a habit, and then six months to see change in the habit.
21:27 Caleb Hammer? Two weeks, we're in two months.
21:28 Speaker 02 But there's only, these are on a monthly cycle. You can't measure it on a week-to-week basis.
21:32 Caleb Hammer? No, but it's been two months. There's been many two weeks in that two months.
21:38 Speaker 02 And so we've made habits and changes to the way that we've been spending like we've struck like we what we spend a lot is like
21:43 Caleb Hammer? All right, from zero to 10, zero being the worst, 10 being the best. What do you think your financial score is? I'm jumping into these finances earlier than normal because oh my we're gonna be here forever. And whatever delusional world you're living in right now, hopefully gets cracked. I'm gonna go three, two, one, on. I want you to give me what you think the household financial score is, okay? Three, two, one, three.
22:07 Speaker 02 One.
22:08 Caleb Hammer? Okay. Why do you think you're better than he thinks? Or how about this? Why does she think you guys are better than she thinks? Look, private student loans can make you feel like you're one missed payment away from selling your grandma's heirlooms. We miss your grandma. Yrefi says chill out. No more sacrificing the family jewels. They don't reduce you to a credit number. They actually want to see if you actually plan on paying them. And by the way, they're providing interest rates under 6%, which is practically a unicorn in this student loan jungle. I mean, some lenders want to charge so much that you'd swear they're putting your firstborn on layaway. Tired of monthly payments so high you can't afford a single sweet treat? Yrefi has got you. They'll
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24:29 Speaker 02 I, I think I just have a more pessimistic view about our finances and that we need to be more.
24:35 Caleb Hammer? Well, you actually know the numbers.
24:37 Speaker 02 So I, I can answer for myself. I can say that the reason I give us a one is because we have some retirement savings. Other than that, like the rest of our financial.
24:45 Caleb Hammer? Why does she think?
24:46 Speaker 02 Uh, cause she hasn't analyzed the numbers maybe as much as I have, like she hasn't looked exactly at what's going in and what's coming out. Like the, I have a better sense of what's actually coming in and going out on a month to month basis. And I think that we need to make more changes for us to be able to get to that goal of getting a house. And you know, we want to have a family. We want to have these two kids, like, so we need a house to be able to afford that.
25:08 Caleb Hammer? This is way too long of an answer for why she thinks it's a three, but you kept talking about yourself again. If you want your financial score, take the assessment. It is free at Calebhammer.com. Take the assessment, figure out where you're doing well, where you need to improve. Just takes a few minutes and you'll figure out where you stand. And if you don't want to be like a guest who ends up on this show, download the Dollar Wise budget app, sign up for the free version. And if you like it, sign up for the annual version. And that will save you a lot of money. And it also comes with the budget friendly cookbook that I sign and mail directly to your door. And if you want to bundle it with all of our educational products together, join Dollar Wise Central, learn more, dollarwise.com. All right, we gotta get into this because we're going to be here for my entire day and I got to do.
25:53 Caleb Hammer? Okay. Navy Federal, the one we make more than a minimum monthly payment on. Woo, we're so excited because we do so well. And then spend double what we put towards.
26:01 Speaker 02 We just enjoy what we enjoy.
26:02 Caleb Hammer? Shut the fuck up.
26:04 Speaker 02 I don't think you actually think that.
26:06 Caleb Hammer? I don't think shut the fuck up.
26:07 Speaker 02 No, you don't actually, you actually wouldn't hear us want to talk. So.
26:10 Caleb Hammer? Huh?
26:11 Speaker 02 Huh? What?
26:15 Caleb Hammer? You just said something you've already said four times. I don't need to hear that.
26:21 Caleb Hammer? All right. Now Navy Federal. Oh, good. It's.
26:27 Caleb Hammer? So what happens with a higher income, you get higher access to credit limits and then you're just your entire life. Now luckily, for what it's worth, I will clarify from what I said earlier where it's like, you know, like your finances are worse than someone who's broke. Numbers on paper. I mean, someone who's broke, sometimes that means, oh, and I get evicted. They're closer to eviction or not paying for a utility. I mean, you guys could be too, if all your money's going into minimum payments. But obviously you guys have tools like bankruptcy and that could get you to a solution faster, but I just mean more numbers on paper. But $22,099, what the fucking 70 cents? That's insane. What is going on with this card, big guy?
27:02 Speaker 02 Uh, that's kind of our catchall account.
27:05 Caleb Hammer? I love a catchall.
27:07 Speaker 02 But for the most part, I think a lot of our, like the extra that we spent on the wedding ended up going on to this account. So.
27:14 Caleb Hammer? Meaning you could not afford the wedding. I'm okay with the wedding.
27:17 Speaker 02 We, we, we saved for the wedding. All right. We saved the wedding and we did a lot better than most people do here, but.
27:23 Caleb Hammer? Why are we comparing? Who gives a fuck? Jerk yourself off harder, big guy.
27:28 Speaker 02 We got, so look, we ended up getting, we met in January of 2020. All right. And we met in Breckenridge in the middle, like right before the pandemic started.
27:38 Caleb Hammer? Oh no, something else no one has experienced, the pandemic. Okay, continue.
27:42 Speaker 02 We ended up.
27:43 Caleb Hammer? See what makes you such a unique butterfly?
27:45 Speaker 02 Uh, what makes me a beautiful butterfly is the cocoon that I came out of. So, unique, beautiful, not the same.
27:52 Caleb Hammer? Continue. You met during the pandemic.
27:54 Speaker 02 Yeah. So we, we ended up getting engaged in 2021 and we got engaged down in Mexico City. And what ended up happening is that we spent a week there and then we went over, then we went to Oaxaca for a week and hung out there. And we talked about where we would want to get married and we decided that we wanted to do it in.
28:16 Caleb Hammer? Wonderful. That gave you four years to save money on a very strong income. Here's the fact. I want you guys to have this wedding. You can't afford this wedding in your income, but you did it before you could afford it and you put it on credit cards like dumb motherfuckers.
28:29 Speaker 02 We saved fifty thousand dollars and paid fifty thousand dollars in cash.
28:32 Caleb Hammer? And then it went over budget, which means you don't get to do it until you can afford it.
28:36 Speaker 04 Everybody goes over a budget. Everybody goes over a budget when they have weddings. That's what my best friend told me. She's like, we went over our budget. Just prepare yourself.
28:42 Caleb Hammer? Maybe your best friend needs to be put down.
28:47 Caleb Hammer? I've been to a couple weddings this last year. They didn't go over budget. My friends, and they're my friends.
28:53 Speaker 04 But did they have-
28:54 Caleb Hammer? Reliable sources.
28:55 Speaker 04 Did they have beautiful catering? Was it a three-day festivity?
28:57 Caleb Hammer? Wasn't a three-day festivity because they're not their money.
29:02 Speaker 04 I mean-
29:03 Speaker 02 It's just a choice. We decided to spend the money there.
29:05 Caleb Hammer? Yeah, chose to spend more money than you saved up, more money that you could afford, and more money that went-
29:09 Speaker 02 Over the next few years, like, ever get there, like-
29:12 Speaker 04 We really didn't travel during that time and like now we want to make up for that. We want to get our finances in a good place so we can travel again.
29:18 Caleb Hammer? You hear this? Hear your privileged motherf-
29:21 Speaker 04 It's, we were hard.
29:22 Caleb Hammer? What is wrong with you guys?
29:23 Speaker 02 We make the money. We make the money.
29:24 Caleb Hammer? You make the money, but it's the entitlement to like, oh, oh my goodness, we didn't travel. Oh, oh, we didn't travel. Oh, no, we didn't travel. Oh, my- You guys even hear yourselves? Like, yes, if you can afford to travel, do it, but I don't give a about the boo hoo bullshit. If you can't afford to travel now, I don't give a if you didn't get the chance to travel a couple of years ago. Wah! Afford it, put it in the budget when you can. I don't give a-
29:51 Speaker 04 That's what we're doing.
29:52 Caleb Hammer? No, you're not!
29:53 Speaker 02 That's why we have a line item for travel in our, in our budget.
29:55 Caleb Hammer? No, no, no, no. You have a quarter million dollars in debt. None of it's a mortgage. You don't have a line item for travel.
30:00 Speaker 02 So, we're paying that off now slowly and surely.
30:02 Caleb Hammer? Oh, no, you're not. You spent more on this? Oh, my goodness, what a pointless back and forth. What a pointless dumbass back and forth. Yeah, go ahead.
30:09 Speaker 04 We are going on our honeymoon in Hawaii, so that's travel that we're gonna make up. That's gonna be great.
30:16 Speaker 04 It's like a dream honeymoon.
30:18 Caleb Hammer? Yeah, cuz everything has to be, everything we want regardless of if we can afford it.
30:23 Speaker 02 And that's the last, like, large expenditure that we're gonna have, that we're gonna do.
30:26 Speaker 04 Well, and then we want to have a kid. So, and then we want to buy a house.
30:31 Speaker 04 So.
30:32 Speaker 02 That's why we're having to reassess exactly where we're spending all of our money.
30:35 Caleb Hammer? Thank you for keeping the consumerism economy alive with your debt.
30:39 Speaker 04 We need your help Caleb. We need, we would like.
30:41 Caleb Hammer? Shut the fuck up. Have you heard this conversation?
30:44 Speaker 04 We'd like somebody to tinker with the finances, crunch the numbers.
30:47 Caleb Hammer? How much is Hawaii gonna cost?
30:48 Speaker 02 About $8,000.
30:50 Caleb Hammer? Doubts.
30:52 Speaker 02 It's what's been budgeted. It's what's already been spent.
30:54 Caleb Hammer? Yeah, but we know how you guys budget. So I'm guessing if it's $8,000 for you, it's gonna cost about 12.
31:01 Caleb Hammer? Based on how you guys do things.
31:02 Speaker 04 I was thinking 10.
31:03 Speaker 02 I think 10 is probably reasonable, yeah.
31:07 Speaker 04 It's not that bad. It's not that bad.
31:10 Caleb Hammer? You have a quarter million dollars in debt. I don't give a fuck. I don't care. No. You are not entitled to this.
31:16 Speaker 02 But our household income covers that quarter million dollars in debt. I'm not saying that we're gonna.
31:20 Caleb Hammer? It does it because you're just keeping it. You're maintaining it. You're replacing it every time. How this does not make sense.
31:25 Speaker 02 All it, all it requires is taking a shift from doing that maintaining to actually spending the money on the debt. Like, that's all it takes.
31:31 Caleb Hammer? But you're not. You're going to Hawaii instead. You're getting a house instead. What the fuck are you talking about? You're doing an Oprah budget wedding instead. Yes, what you say is correct, but you're not doing it.
31:40 Speaker 02 That's what the next step is, is making it happen.
31:42 Caleb Hammer? No, it's not. Why is the next step? So why is the next step you?
31:46 Speaker 02 After Hawaii, then we're gonna make it happen. That's all it's worth.
31:48 Caleb Hammer? Oh, it's always after the next thing, after the next thing, after the next thing.
31:51 Speaker 02 I don't have any plans for October, November, December. We're not gonna do anything there.
31:54 Caleb Hammer? You're gonna, you're gonna stick it in. You're gonna have a nice little blow up.
31:58 Speaker 02 We should travel for all the holidays. Like, we'll travel for Thanksgiving. We'll travel for Christmas. We're not doing that. We didn't do it last year. We didn't do it last year. We've already cut that travel out.
32:06 Caleb Hammer? Oh, we'll see.
32:07 Speaker 02 So the fact that you think that we're just gonna keep doing it, it already shows a trend there that we aren't gonna do it.
32:10 Caleb Hammer? It's based on a, and here we go. Let's use some YouTube commentary language. Pattern of, it's your pattern of history. It's your history.
32:18 Speaker 02 Right.
32:19 Caleb Hammer? It's your endless history.
32:20 Speaker 02 But everyone's history can, is not the prediction of their future. We can change our history.
32:24 Caleb Hammer? But it is the best thing we can use. It is the best thing to use for the prediction of the future.
32:30 Speaker 02 But that's not exactly what's gonna happen in the future.
32:32 Speaker 04 I mean, we
32:33 Caleb Hammer? Yeah, and your precious little brain, sure. And yeah, go get your pasty ass sunburn. That's fine. But what happens is most likely this will continue based on you have consistently done it without any changes.
32:47 Speaker 04 I mean, we do have, my family's trying to do a Disney Alaskan cruise in like 2026.
32:52 Caleb Hammer? So a little bit of honesty.
32:53 Speaker 04 We gotta budget that in.
32:54 Speaker 02 I mean, that's not on our budget at this point, so.
32:57 Speaker 04 We have the points to get us to Seattle.
32:59 Speaker 02 Uh, that may be true, but that doesn't mean we need to spend it on, like, this is.
33:03 Speaker 04 But it's, it's, it's my first cruise. I've never been on a cruise and I love Disney and it's my family.
33:07 Speaker 02 Yes.
33:08 Speaker 04 And it's my mom wants to do it for her birthday.
33:10 Speaker 02 Yes, but that doesn't mean that it fits into our budget. Like, that's, that's where we have to talk about these decisions that I've been saying is like, we have the money to pay off this debt, but we're constantly paying for other things.
33:19 Speaker 04 But we're gonna save for it and we're gonna go on the cruise.
33:21 Speaker 02 The same way we paid for the wedding?
33:23 Speaker 04 Yes.
33:24 Speaker 02 When we got engaged, my one rule was that she can have as large of a wedding, as big a wedding as she wanted, as long as it all was paid for in cash.
33:31 Caleb Hammer? And it wasn't. And then we're doing Hawaii, and then we're doing cruise, and then we're doing whatever happens next. We're having kid, we're having kid number two, we're having kid number three, we're having house. Uh, okay. Yeah, the minimum monthly payment on this is $367.41. Yeah, again, we purchased $9,141, which is insane. Well, $147 of interest accrued. How long does this take to pay off if we only make minimum monthly payments and we don't purchase what you're incapable of?
33:55 Speaker 04 Six years.
33:57 Speaker 02 Only minimum monthly payments?
33:58 Caleb Hammer? Without purchasing what you're incapable of.
34:00 Speaker 04 Six years.
34:01 Speaker 02 Minimum monthly payment's about 13 years, I'd imagine.
34:03 Caleb Hammer? Okay, 31.
34:03 Speaker 04 Oh!
34:04 Caleb Hammer? So well within our retirement years.
34:07 Speaker 02 But just to check, we didn't make the minimum monthly payment on that, right?
34:09 Caleb Hammer? Correct, because you spent more than double.
34:12 Speaker 02 More than the minimum monthly payment.
34:13 Caleb Hammer? But you spent double what you paid towards it, right?
34:16 Speaker 04 Oh my god.
34:18 Speaker 02 But we're paying more than the minimum on that, so we can start paying down.
34:21 Caleb Hammer? Okay, ladies and gentlemen of Financial Audit, this is one of the most exciting moments in this channel's history. You know, I've been working on building all these educational tools, our budgeting app, all this crazy stuff over this past year, because that is where my passion is. We finally did it, and now we put it all into one program called Dollar Wise Central. You get the premium version of my budgeting app, you get the cookbook mailed to you and signed by me. You get to learn about debt, investing, budgeting, real estate, basic beginner stuff and finance all the way to the advanced stuff, collaborated by experts with the lowest refund rate in the industry for a reason. And guess what? If you are struggling, or you want to learn more, or you want to change your life in any way whatsoever,
35:07 Caleb Hammer? like literal tens of thousands of people have done with our programs, go to dollarwise.com. Click that link below. Your life will change. It'll be incredible. And I am here for you with an incredible support team that you can reach at any time. This is a no brainer. Dollarwise.com. Let's go. Is there a way to communicate with him? Like, I'm confused on how he's confused.
35:29 Speaker 04 No, he'll just, he'll just fight back. You just got to keep going, got to push forward, push the conversation forward.
35:37 Caleb Hammer? I understand what you're saying. How do you have disagreements with him? What do you do?
35:42 Speaker 04 Well, we're, I'm.
35:44 Caleb Hammer? Do you ever resolve?
35:46 Speaker 04 Yes. So before I used to work in, before I worked in market research, I used to be in mental health. So I use a lot of like my mental health tools. And now we're in couples therapy. So I know, you know, how to maneuver.
35:59 Caleb Hammer? Why are we in couples therapy?
36:01 Speaker 04 Communication.
36:03 Speaker 02 We have two different communication styles. I want to address things head on and she wants to take some time to it.
36:07 Caleb Hammer? Obnoxious and delusional.
36:11 Speaker 04 I mean.
36:11 Speaker 02 Better than belittling.
36:13 Caleb Hammer? Well, it could be.
36:14 Speaker 04 Yeah.
36:15 Caleb Hammer? If only we signed up for it.
36:17 Speaker 02 Yeah.
36:17 Caleb Hammer? Well.
36:18 Speaker 02 Communicating together, though, that's how we actually get through this budget problem that we have. So that's what we're going to work through when our communication style is to get on the same page.
36:26 Caleb Hammer? How long have we been in this couples therapy?
36:29 Speaker 04 Like a month.
36:32 Speaker 02 It's a new thing.
36:34 Speaker 04 She's great, though, and she's completely supportive of us and she thinks we're doing a great job, so.
36:41 Speaker 02 And the point is to build the foundation and nurture our relationship.
36:47 Speaker 02 I'm sorry?
36:47 Caleb Hammer? Pop a baby out? Is it time?
36:49 Speaker 04 I mean, I'm thirty seven.
36:50 Caleb Hammer? If we can't communicate, I know, but if our communication's rough.
36:54 Speaker 04 Um, we are, so we're usually able to resolve it either way.
36:58 Speaker 02 Yeah, I wouldn't say that.
37:00 Caleb Hammer? If it was healthy, it wouldn't be going, right?
37:02 Speaker 02 But it is, that's what it is. We are healthy. Like, we're trying to make sure that we're improving it and making it even better. Like, it's not that we have unhealthy communication. It's that we want someone to help us improve where our communication is.
37:12 Caleb Hammer? So I mean, I'm good with therapy. I'm good with couples therapy. I think everyone, I think every couple should be in couples therapy regardless of where they are. And I think everyone should be in therapy regardless of where they are. But there are enableless therapists out there, and that's what we want to avoid. I'm not saying you have that, but that's what a lot of people get in.
37:31 Speaker 04 Yeah.
37:32 Caleb Hammer? Especially like the like latte makers.
37:35 Speaker 02 Latte makers?
37:36 Caleb Hammer? Yeah, they get into a lot of fucking enablement therapy and they blow up.
37:40 Speaker 02 I see what you mean.
37:41 Speaker 04 Like a barista?
37:42 Speaker 02 The typical people that come on your show.
37:44 Caleb Hammer? Yes. Yes, you're so special.
37:46 Speaker 02 Yeah, I mean, we have a lot of different accounts that we can use.
37:49 Caleb Hammer? I've had high incomers before, you know, like similar scale.
37:53 Speaker 04 Yeah.
37:55 Speaker 02 Are they, do they have a quarter million dollars in net, though?
37:58 Caleb Hammer? Probably. I don't remember. We filmed four a week.
38:01 Speaker 02 So?
38:02 Caleb Hammer? Three and a half years.
38:04 Speaker 02 What's that? What's the math?
38:06 Caleb Hammer? I don't know. I don't care.
38:07 Speaker 02 Oh, okay.
38:08 Caleb Hammer? So, yes, I don't remember every person's number. Definitely remember faces I hate.
38:14 Caleb Hammer? Okay, so what did we spend on here? The necessities? Well, it was Junior's Comics, it was Space Goblin, Bat City, Bat City, Seeking Tickets for five hundred twenty five dollars because we get to live, guys. We make money.
38:30 Speaker 02 Her family was in town that week.
38:32 Caleb Hammer? See, there will always be something. No matter what, there will always be something.
38:37 Speaker 02 We bought tickets so that way they, we can all go to the game within it, and we sold our tickets so that we also. At the cost, but yeah, there's additional costs.
38:43 Caleb Hammer? There will always be.
38:44 Speaker 02 Yes, I chose to take them to the game instead of them having to pay for it themselves.
38:48 Caleb Hammer? Good. There will always be something is the point. I'm not saying it's a horrendously evil or bad thing, but there will always be something.
38:57 Speaker 02 And learning to see no to the things are the things that that's going to be the difference from the 4,000 to the 9,000.
39:01 Caleb Hammer? Guys, if I completely change my behavior now, everything will be 100% perfect. Yeah, what a great answer. Fantastic. Like, what the [__] am I doing with that?
39:08 Speaker 04 It was the first time they visited Austin. We wanted to take them to a game. I got them little jerseys.
39:12 Caleb Hammer? I know. Yes, you went to an Austin FC game because our city is so great. We only have one professional sports team. What a major city we live in.
39:20 Speaker 02 It's because college sports has been more important here, but that's.
39:23 Caleb Hammer? Yeah, no other college towns have professional sports programs, especially when they're the 11th most populated city in the [__] country.
39:30 Speaker 02 They haven't always been the 11th most populated kind of city in the country, but haven't always been is what the statement was, so.
39:37 Caleb Hammer? Doesn't matter. We are.
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40:05 Caleb Hammer? Subaru Starlink.
40:07 Speaker 02 Uh, that was for.
40:08 Caleb Hammer? Pittsburgh as an NFL team. I don't want [__] here. We haven't always been the largest.
40:13 Speaker 02 What does Subaru Starlink have anything to do with Pittsburgh?
40:15 Caleb Hammer? Huh?
40:16 Speaker 02 Huh? What does Subaru Starlink have anything to do with Pittsburgh?
40:18 Caleb Hammer? No, you're right. We haven't always been the 11th most populated, but [__] Pittsburgh.
40:22 Speaker 02 But they were on the original city, one of the original teams in the NFL. Like, how are you gonna?
40:26 Caleb Hammer? Doesn't matter. It's just the city [__] size, man. This is ridiculous. This is stupid.
40:30 Speaker 02 But that's Austin wasn't built up the same way that the mid-Atlantic.
40:34 Caleb Hammer? Boring. Space Goblin. What is the Space Goblin that is popping up every second of our life?
40:39 Speaker 02 So a hobby that I have is collecting Pokemon cards. And so the.
40:44 Caleb Hammer? Right, yes. Every financial [__] thing we can do that is just an absolute mess.
40:50 Speaker 02 I never said it was an investment. All right, there's a difference.
40:52 Caleb Hammer? I'm not, I'm not. What?
40:55 Speaker 02 Everything financial.
40:56 Caleb Hammer? Saying you have it. I'm not saying you think it's great.
40:59 Speaker 02 But it's just a hobby, though. Like, I'm not. It's not. It's not an investment vehicle. Like.
41:03 Caleb Hammer? What? Did I claim it was an investment vehicle?
41:05 Speaker 02 You said that everything that you did with finances, I could be wrong.
41:07 Caleb Hammer? No, I'm saying you have everything that is. Why is he defensive on just nothing? Like, that wasn't even a thing. I'm just saying he has every aspect of bad finances. Like, what the are you on? Dude, Green Bay, Wisconsin, has an NFL team. They got 107,000 people in their city.
41:22 Speaker 02 Again, one of the original teams, and they started the league, so it's not exactly the same comparison. But it's fine. I get it. You want to find something that supports your Midwest lifestyle, makes you feel better about coming from there.
41:33 Caleb Hammer? Huh?
41:33 Speaker 02 Huh?
41:34 Caleb Hammer? Midwest lifestyle?
41:35 Speaker 02 Yeah, yeah, yeah. Your Pittsburgh Midwest. You know, you can't let them be in Mid-Atlantic. They had to be Midwest. And then now you're bringing up Green Bay as well. So maybe just being in Texas has rubbed you the wrong way. You need to go back.
41:44 Caleb Hammer? No, it's just that we don't have the amenities that other large cities have, and it's disappointing. Including aquariums and zoos and museums that are world-class.
41:54 Speaker 02 But can you go hiking 10 months out of the year in Green Bay, Wisconsin? That's not exactly.
41:58 Caleb Hammer? Would I be advocating for Green Bay, Wisconsin?
42:00 Speaker 02 You just advocated for it. You said that they have a better.
42:02 Caleb Hammer? I'm saying they have 100,000 people. It's silly that we don't.
42:06 Speaker 02 So we do have 100,000 people.
42:08 Caleb Hammer? Why are you fucking sucking on the balls of Austin?
42:11 Speaker 02 Because this is where we live. We should enjoy the city that we live in.
42:14 Caleb Hammer? Dude finds everything such an attack against himself.
42:18 Speaker 04 I just tune him out sometimes.
42:19 Caleb Hammer? Yes, I can see why. This must be the most miserable relationship we've ever lived in. This is insane. How do we even have these conversations?
42:29 Caleb Hammer? What is happening? Like, what the?
42:34 Caleb Hammer? Oh, my gosh, man. Just bringing up an instance where a substantially larger city has one. It would be cool if we had one. That's not an attack against you.
42:46 Speaker 02 I'm just getting thrown off when you injected in the middle of the conversation about the.
42:51 Caleb Hammer? Welcome to the show you applied for that you're a fan of. You dumb.
42:54 Speaker 02 Thanks. Glad to be here.
42:56 Caleb Hammer? Okay, certified trading card.
43:00 Speaker 02 Another Pokemon investment.
43:02 Caleb Hammer? Okay, so we're doing those forever. So yeah, so with Pokemons and immediately seeing minimum $450 so far, I'm not halfway through the statement yet.
43:12 Speaker 04 So he's supposed to-
43:13 Caleb Hammer? We are spending more on this card than we are putting towards it.
43:15 Speaker 04 He's supposed to have a one- we both have a $100 fun fund limit a month.
43:20 Caleb Hammer? Yeah, it's already broken and we're not halfway through this.
43:23 Speaker 04 You mentioned that you were only spending $100 a month, that like from our joint bank account, I always take the 100, use my other bank account, and that way I can keep myself in check. You told me that you had already spent your 100 for the month. I didn't realize you were spending 400 in Pokemon cards for the month.
43:42 Speaker 02 I went over the limit. I have a bad habit with instant gratification.
43:48 Caleb Hammer? Oh, he has a bad habit, so it's okay that he went behind your back and went against his word. He has a bad habit, that's all.
43:54 Speaker 04 So he does tell me when he's doing these things?
43:56 Caleb Hammer? He's fucking other women, it's just a bad habit. He's injecting heroin, it's just a bad habit.
44:01 Speaker 02 I would never do that to her, and I don't appreciate you.
44:02 Caleb Hammer? It's an example!
44:03 Speaker 02 Yeah, sure.
44:04 Caleb Hammer? I don't care if you're offended.
44:05 Speaker 02 I'll spend things on whatever the fuck I want, but I'm not gonna spend it on-
44:07 Caleb Hammer? You hear that? He'll spend it on whatever the fuck he wants.
44:10 Speaker 02 But I'm not gonna do it, I'm gonna-
44:11 Caleb Hammer? It's a bad habit, it's a bad habit, so it doesn't matter.
44:15 Speaker 02 Anyhow, I did spend more than I expected to spend, and that's because I- I got too excited and I got too into the craze and the trend, and I shouldn't have spent all that money. And so I am- that's why I told you, I'm not spending any more money on it for at least the next few months to-
44:30 Caleb Hammer? And it's not like this is another indication of pattern of behavior, because it's not like he ever quit a job and lied and didn't tell you about it.
44:37 Speaker 04 I forgot we told you about that.
44:40 Speaker 02 That might have occurred.
44:41 Speaker 04 Yeah.
45:08 Speaker 04 Yeah.
45:09 Speaker 02 I was working for a big tech company and they, they didn't treat, they didn't treat their employees the way that I thought they should when it comes to return to office policy.
45:18 Caleb Hammer? Great, why'd you hide it from your wife? Like, I don't give a [__] about that, congratulations, quit, tell your wife.
45:24 Speaker 02 Uh, because I, I didn't want her to stress out about it.
45:27 Caleb Hammer? What a [__] cope.
45:28 Speaker 02 Yeah, it worked out the wrong way and so she ended up.
45:30 Caleb Hammer? Oh, you lied that, that worked out the wrong way?
45:33 Speaker 02 Yeah.
45:33 Speaker 04 Did you hear how I found out? His boss called me and he's like, we haven't heard from him for two days. I'm like, what do you mean? He told me he was at the office and he just came home.
45:41 Speaker 02 I had sent my boss and he was resigning.
45:43 Caleb Hammer? Were you pretending to go to work?
45:44 Speaker 02 My full-time job, my full-time job.
45:45 Caleb Hammer? He was pretending to go to work?
45:46 Speaker 04 He was pretending to go to work.
45:47 Speaker 02 My full-time job was finding a job at that point. So I was applying for like forty-five, fifty dollars a month, uh, forty-five or fifty jobs a day at that point.
45:54 Caleb Hammer? Oh my goodness, that is crazy. You're pretending to go to work? Okay, now I don't feel bad for the cheating analogy. What the [__] is that? That is crazy. What kind of person hides that kind of [__] in their partner?
46:07 Speaker 02 Someone who's, someone who's embarrassed to admit that they're, that they're gonna have to switch jobs again. Like, cause I switched jobs just a year before that, so. I, I wasn't proud of that decision, but I, I am highly employable. I was able to find another job within six weeks at that point. So that's what I ended up doing is I, I took the next four to six weeks, interviewed and found another job after that.
46:29 Speaker 04 And he did pull his weight around the house. Like, I, I didn't have to worry about like cleaning the house and.
46:34 Caleb Hammer? Well, you better not, he was unemployed.
46:36 Speaker 02 Yeah, the, the approach was wrong and we.
46:39 Caleb Hammer? You're hiding something from your wife?
46:40 Speaker 02 Uh, we worked it out.
46:41 Caleb Hammer? Worked through it and that's why last month you spent more than, uh, you guys decided was the fun money and then she only finds out on the show where the finances are talked about.
46:49 Speaker 02 Is that, she found out the number, I have a sneaking suspicion, she, I have a sneaking suspicion that she knew that I was spending a little bit more than I should have.
46:56 Speaker 04 I genuinely thought it was a little bit more, like a hundred fifty, a hundred seventy-five. I didn't realize it was four hundred.
47:01 Caleb Hammer? That's a statement, yeah. Because let me tell you, uh, there's many more Pokemons coming down this list.
47:06 Speaker 02 The vending machines that are near.
47:08 Caleb Hammer? Oh, what's eBay eighty-three dollars and eBay two-hundred ninety-three dollars?
47:11 Speaker 02 Uh, those are, those are Pokemon cards.
47:14 Caleb Hammer? Okay, Pokemon is now up to seven hundred.
47:17 Speaker 02 It's probably gonna be over a thousand dollars.
47:24 Speaker 02 That's more money that I should have spent. Dude, you just got buddied by your wife. She just laid down a buddy. You're in trouble. Well, yeah, that's something that
47:35 Speaker 04 Come on, man.
47:37 Speaker 02 That doesn't help us get to where we want to go.
47:41 Speaker 04 That's disappointing.
47:42 Speaker 02 Yeah, thoughts on that?
47:44 Speaker 04 I'm, I'm very disappointed. Like I've, I, I spend, the most I spend on is like Sephora for my skincare. But I try to be really diligent about if I don't need something, I'm not going to spend on it. I don't, I haven't bought new clothes unless I have an event to go to. Like we, we use all of my paycheck to pay debt and then my $100 fun fund. And then everything else goes to his credit card debt. And it's like, I can, we can use that to actually chip away at debt. But I didn't know that you're spending $200 on Pokemon.
48:20 Speaker 02 Yeah, that's not
48:24 Speaker 02 what I need to be spending money on. I
48:28 Speaker 04 I'm not spending that much on my hobbies because I, I want to, like, I want to spend more on my hobbies, on my dance hobbies. And I just don't because I, I figure we don't have the money and it's not, it's not fair that you spend a lot of money on your hobbies and you tell me like, no, it's just, it's a hundred dollars, give or take.
48:48 Speaker 02 I, I thought that I could relive some nostalgia and I got caught up in the excitement of, you know, reliving things that I wasn't able to have when I was younger, but that's not an excuse and that Certainly sounded like one. It, it doesn't excuse the behavior. It is an excuse. Thank you for correcting my English there. But that is why we're over on that card this month and it's the reason that we're spending more than we should have. That I'm spending more than we should have. You know, the Sephora is working. You guys both have good skin.
49:19 Speaker 04 Thank you.
49:19 Speaker 02 Yeah, I thought, I thought Mara was like 31 before you guys told me your age.
49:23 Speaker 04 Thank you.
49:23 Speaker 02 It's actually working. Usually people look older on this show. You guys look younger. I see the gray coming. It's, it's coming strong. What's your favorite food? I probably Thai food, pan and curry.
49:34 Caleb Hammer? You know, you know, when you guys have a kid.
49:38 Speaker 04 Yeah.
49:38 Caleb Hammer? And we're talking about getting food. And he's gonna be like, let's get Thai the kids. No, can we get burgers instead? I like burgers more. He's gonna be like, no, actually Thai's better. And you know, the history of Thailand is a much more populated country. And actually burgers haven't been as round as long. It haven't been around as long. So actually, we should get Thai food and you're actually really wrong. It's actually funny because that's how I talk to. So I'm making fun of myself.
50:02 Speaker 04 I think he'll be a great dad.
50:03 Caleb Hammer? I think we're a perfect match.
50:05 Speaker 02 Are you free later?
50:06 Caleb Hammer? Let me be real with you. You can't fix your finances if you're running on four hours of garbage sleep every night. And I'm not talking about staying up late grinding. I'm talking about tossing and turning, overheating, waking up more tired than you went to bed. That used to be me until I tried Eight Sleep. Their Pod5 system completely changed how I sleep. It's a smart cover that goes over your existing mattress, tracks your sleep, adjusts the temperature of each side of the bed automatically throughout the night, and shows your sleep score backed by biometric data in the morning. No waking up in a sweat, no flipping the pillow 10 times, just actual rest. And look, if you're someone who's trying to get your life together, whether it's budgeting, side hustles, whatever, you need good sleep.
50:49 Caleb Hammer? Otherwise, you're running on fumes trying to make smart decisions. And right now, Eight Sleep's giving $350 off the Pod5 Ultra and $200 off the Pod5 Core. Just use code HAMMER at checkout and go to eightsleep.com/hammer. Again, that is eightsleep.com/hammer and use code HAMMER. This is one of the few upgrades I made that actually paid off. So if you're serious about changing your life, start by getting some real sleep. Wata Burger, I'm gonna consider that fun again. Bat City, DoorDash Curry.
51:24 Speaker 02 Oh, that Texas Curry place that wasn't very good.
51:26 Caleb Hammer? Texas Curry. Best Buy, we spent, well, that was only eight bucks. Ebay, more Pokemons, 72 bucks there. Dick's Sporting Goods, Best Buy, 139. Bat City again, 146. Bat City. Is that also NFC?
51:41 Speaker 02 Game shop. No, it's a game shop. Collectibles.
51:43 Caleb Hammer? Dude, okay, so we're easily at like 800, 900 for that. GameStop, Dunkin' Donuts, Pokemon, Pokemon, Pokemon, Pokemon, Great Outdoors. There's 103 dollars for-
51:56 Speaker 02 Great Outdoors is a, uh, we bought a ficus plant, or it was a fiddlefig.
52:00 Caleb Hammer? Thrilled. It was totally fitting in the budget. Okay, all of a sudden like, oh guys, it was a plant, so it's okay.
52:06 Speaker 04 Well, it's, our dogs are really reactive.
52:08 Speaker 02 It was necessary for, uh-
52:09 Speaker 04 Yeah, we put it in a big pot and put the pot in front of the window and-
52:12 Caleb Hammer? Curtains are cheaper.
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52:40 Speaker 04 He'll tear them up.
52:42 Speaker 02 It also blocks all the natural light into our house.
52:44 Caleb Hammer? 103 dollars for Ebay, so there's that. DoorDash donut, great. So that was 9,141 dollars spent. That is insane. And then City Limits Subaru, 2,773.
52:57 Speaker 04 That was the new car that we bought.
52:58 Caleb Hammer? Down payment?
52:59 Speaker 02 That's the down payment for the new car.
52:59 Caleb Hammer? On a credit card that is growing interest that we cannot pay off. Well done. Guys, you really are unique. You really are special.
53:05 Speaker 04 But we paid more cash out of our savings.
53:08 Caleb Hammer? That was one card. I'm gonna die. Okay. SoFi. What's going on with this?
53:14 Speaker 02 Uh-
53:15 Caleb Hammer? At a 19% interest rate of fucking death. What is this?
53:18 Speaker 02 Is that the first one or the second one? What's the balance on that?
53:21 Caleb Hammer? How the fuck do I know what order? Uh, the balance is-
53:24 Speaker 02 Twenty-three.
53:25 Caleb Hammer? Twenty-three thousand forty-four dollars and three cents.
53:28 Speaker 02 So we took that, uh, it was a debt consolidation loan that we took out, uh, back early in our, in our relationship. Uh, the whole goal was to consolidate all of her debt under my name, as well as consolidate some of the debt that I had from the divorce that I had gone through.
53:44 Caleb Hammer? Why aren't just your names specifically?
53:46 Speaker 02 Uh, I got the debt off of her account, off of her names. That way her credit score would be high in case we needed to do any spending.
53:53 Speaker 04 My debt was lower overall.
53:55 Caleb Hammer? And now?
53:56 Speaker 04 It's still low.
53:57 Speaker 02 She still doesn't have any debt under her name.
53:58 Caleb Hammer? It's all you.
53:59 Speaker 02 Yeah.
53:59 Speaker 04 Yeah.
54:00 Speaker 02 It's all on me.
54:00 Caleb Hammer? Jeez, for fuck's sake, okay.
54:02 Speaker 02 But she has a eight-hundred-plus credit score, I think.
54:04 Speaker 04 Yeah. I'm very, I'm very responsible with my finances.
54:08 Caleb Hammer? Well, how do you feel to be attached to this?
54:10 Speaker 04 It's stressful sometimes.
54:12 Caleb Hammer? Twenty-three thousand forty-four dollars at an eighteen-point-eight-three percent interest rate with a minimum monthly payment of six-hundred-twenty-three dollars and sixty-seven cents. That's insane. Yeah, stressful, but did you think, you didn't think of the counter argument? What about Pokemon, though?
54:25 Speaker 04 I mean, that wasn't, that was not a thing four years ago when this happened.
54:29 Speaker 02 It's only in the last, like, two months.
54:30 Caleb Hammer? That excuses it.
54:31 Speaker 02 No, it just, not something that's in thoughts whenever we took out this loan, that's all.
54:36 Caleb Hammer? I'm just talking about how her, she's impacted. She said it's stressful. All these finances are stressful, yet you're going out there and blowing on Pokemon? The fuck are we doing, selfish? Especially when you agreed on what the fun money spent, and you spent minimum ten times that on Pokemon alone. Ten times what you guys agreed to be the fun spending?
54:56 Speaker 02 I, I, I tend to indulge more than I should.
55:00 Caleb Hammer? You tend to go behind your word and what you agree on from your wife.
55:05 Speaker 02 The stress is what led to it.
55:06 Caleb Hammer? Oh! There's another, this is so fine, seventy-two thousand, two thousand twenty-two cents. What the fuck is this?
55:13 Speaker 02 That's another debt consolidation loan.
55:15 Caleb Hammer? Oh. Thank you, guys. Why?
55:19 Speaker 04 That was the recent one. It was-
55:21 Caleb Hammer? Recent? So we had to do it again?
55:23 Speaker 02 Yeah.
55:24 Caleb Hammer? Who's debt did we consolidate?
55:25 Speaker 02 It was our debt that covered-
55:27 Caleb Hammer? So you had debt?
55:29 Speaker 02 Well, a lot of these expenditures-
55:31 Speaker 04 Very little, very little debt. Not too much.
55:33 Caleb Hammer? When was this?
55:34 Speaker 02 Uh-
55:35 Speaker 04 Around the wedding.
55:36 Speaker 02 May or June of this year.
55:40 Speaker 02 A lot of the costs that were on that was consolidated here was like, uh, like travel to be able to go do planning in, in Oaxaca for the wedding and going and traveling to see her family and going to Disneyland and traveling to see my family.
55:55 Caleb Hammer? Yeah, let's take out a 13% personal loan for traveling. That's $70,000. I'm gonna die.
56:03 Speaker 02 We took out the loan so that way we could lower the interest rate. We'd already spent the money poorly.
56:07 Caleb Hammer? Doesn't matter because then you're just gonna build.
56:08 Speaker 02 We spent the money poorly on 25% interest and then this one lowers the interest rate here.
56:13 Caleb Hammer? Okay, then why, did you consolidate the Navy Federal on this?
56:18 Speaker 02 Uh, no, the Navy Federal was not consolidated on that.
56:21 Caleb Hammer? The Navy Federal was not consolidated?
56:22 Speaker 02 No, we consolidated an Amex card and a Southwest Chase card on that.
56:26 Caleb Hammer? Amex card, Southwest Chase card. Okay, uh, was it the Skylines?
56:32 Speaker 02 Sky Miles, yeah.
56:33 Caleb Hammer? Yeah, we're still spending on that. And what was the other one?
56:35 Speaker 02 Uh, Southwest, Southwest Chase for myself, probably.
56:39 Caleb Hammer? I see a balance of 1,647 coming up on a Southwest card, so, great, worked really well. Okay, we have a minimum monthly payment. This is crazy. $1,335.37. This is crazy. Did you just moan at me?
56:55 Speaker 02 No, I just had to drink some water.
56:59 Caleb Hammer? Boost that audio.
57:03 Speaker 02 What? I'm not moaning at you.
57:05 Caleb Hammer? Does he do that every time?
57:06 Speaker 04 He makes little bear noises, yeah.
57:07 Caleb Hammer? That wasn't a bear, that was an orgasm.
57:11 Speaker 04 No, he'll be eating and he'll get really into something and be like, mm, and he'll like do a little moan. Yeah, he just makes bear noises. That's what he does. It's, it's sweet. It's endearing.
57:22 Speaker 02 Apparently I moan at people. Good to know. I'll keep an eye out for that, or an ear out for that in the future.
57:28 Caleb Hammer? Okay, um, so this is crazy and this was just taken out. This is gonna take forever to pay off.
57:33 Speaker 02 I mean, 70,000, $2,000 a month, yeah, roughly about 35, 36 months.
57:39 Speaker 04 Like minimum payment, but if we pay more. Sure.
57:41 Caleb Hammer? No, minimum's thirteen.
57:42 Speaker 04 Yeah.
57:43 Caleb Hammer? And.
57:44 Speaker 04 We'll pay more.
57:44 Caleb Hammer? I hope so. I certainly hope so. And you guys, again, he spent eight thousand dollars on bullshit on one card.
57:50 Speaker 04 Well.
57:50 Caleb Hammer? Nine thousand, sorry.
57:52 Speaker 04 He got called out. Hopefully, he knows now.
57:54 Speaker 02 It wasn't nine thousand, but yeah, we spent more than we should have on that card. Uh, and this is all part of our plan. Like, we'll.
58:02 Caleb Hammer? Glad you have a plan. I just wish you fucking did any of it. And again, this is why it does like, it's no point. No point of me listening to it. Okay, community.
58:11 Speaker 04 Little bear noise.
58:12 Speaker 02 Did I do it again?
58:13 Speaker 04 Yeah.
58:14 Caleb Hammer? Why do you call that a bear noise? It's.
58:17 Caleb Hammer? No, I'm not even kidding. Boasted. That's not, I'm not even kidding. How's that a bear noise?
58:22 Speaker 04 I don't know. It's probably a little bear.
58:23 Speaker 02 I, I think it's, I, I tend to take deep breaths to like, and then release my stress. So maybe that's what's being caught is whenever I breathe out after taking a deep breath, like.
58:33 Speaker 04 I don't know. I just, I link it all under bear noise.
58:37 Caleb Hammer? Okay. What's up with this Visa Community First Platinum Rewards card?
58:42 Speaker 02 Uh, I think, so that's a card that hadn't been used in a long time and we started using it to kind of ensure all of the honeymoon costs that we're gonna have. So that way I can keep of all the costs that are related to the honeymoon.
58:53 Caleb Hammer? Oh, yeah. Great. Now, minimum monthly payments alone are gonna be fifteen years. If you do minimum monthly payments, no purchasing, which something will always pop up. Minimum monthly payment only forty-four dollars, which is, that's why it takes forever. Balance is two thousand one hundred eighty-five dollars and twenty-seven cents.
59:12 Speaker 02 We could pay that off in a month.
59:13 Caleb Hammer? Uh, yeah, certainly. If you do not purchase, yes, you can. You just always purchase. So that's why, again, that statement means nothing to me. Like, you don't get to say that if you have not been doing it. I could say a lot of things that I'm gonna do.
59:28 Speaker 02 We've been making that much in payment on debt.
59:30 Speaker 04 Yeah.
59:31 Caleb Hammer? Oh.
59:31 Speaker 02 I, I hear you.
59:32 Caleb Hammer? Understand the difference of when you then go build it back up again. Oh my, I'm gonna fucking die. Okay.
59:37 Speaker 04 Well, we.
59:37 Caleb Hammer? eBay, a hundred thirty-two. Hey, guess what? More Pokemon.
59:40 Speaker 04 We.
59:41 Caleb Hammer? More Pokemon on your honeymoon card. He's, but he's using it to track it, lady. He's using it to track it.
59:47 Speaker 04 I don't know what you want me to say to that, Caleb. Look.
59:50 Caleb Hammer? I don't know. I'm just telling you because you probably didn't know.
59:52 Speaker 04 I, no, I didn't know. But we spend on every one of our cards to keep it rotating to help our credit score.
59:57 Caleb Hammer? Charters? What is this charter? Yeah, that doesn't mean.
1:00:00 Speaker 04 Oh, that's a boat?
1:00:01 Speaker 02 Yeah, that's the.
1:00:02 Speaker 04 That's a boat tour in Hawaii.
1:00:04 Speaker 02 It's an activity.
1:00:05 Caleb Hammer? Shoppers market.
1:00:07 Speaker 04 I think that's
1:00:07 Caleb Hammer? Equa based company?
1:00:09 Speaker 04 I don't know what all those are.
1:00:10 Speaker 02 I'm not sure off the top of my head.
1:00:12 Caleb Hammer? That's good. Acquisition ace.
1:00:15 Speaker 02 Oh, that's a, um, we were, I'm think, we were talking about, uh, getting into business acquisition as a, as a way for her to do something different with her career.
1:00:25 Caleb Hammer? Oh, but he's using this to track his spending on the honeymoon. So business acquisition.
1:00:30 Speaker 02 She knew about that expenditure.
1:00:31 Caleb Hammer? Twice.
1:00:32 Speaker 02 I told her about that. She knows about that.
1:00:34 Caleb Hammer? Is that the purchase alone? You say you're using this credit card for the honeymoon stuff to traffic, track it, but it's, it's all other stuff except for one. And then Target 54 and then, hey, guess what? Another $139 of Pokemans.
1:00:47 Speaker 04 This month?
1:00:48 Caleb Hammer? We're at about 1300 of Pokemans so far this month.
1:00:51 Speaker 04 This month?
1:00:53 Caleb Hammer? Well, what, the month we're reviewing.
1:00:56 Speaker 02 Over the course of July and August, all these align, don't align the same way, but.
1:01:00 Caleb Hammer? 1300. It could go towards debt, could go towards whatever you guys want.
1:01:07 Speaker 04 That's a lot of money.
1:01:08 Caleb Hammer? So let's take a look more into these analytics.
1:01:11 Speaker 02 It is a lot of money and I, I've already like, I acknowledge it. I told you about it. Yes, I wasn't honest about the full dollar amount, but it's something that I'm not happy about. It's something that I'm embarrassed about. It's something that has to not be spent anymore.
1:01:25 Speaker 04 Why didn't you tell me it was that much?
1:01:27 Speaker 02 Because I'm embarrassed about it. I don't have a better answer for you than that.
1:01:30 Caleb Hammer? But that's what he says every time he does something he doesn't tell you. And that's what he'll say every time he does something he doesn't tell you. Cause that was his excuse for the cigarettes. That was his excuse for the, for the quitting the job. That's his excuse for the Pokemans. So next time he does something, he'll just be embarrassed. So that's why he won't tell you.
1:01:45 Speaker 02 A, it doesn't excuse the behavior, but it's shame and guilt and embarrassment.
1:01:50 Caleb Hammer? I think he'll learn. It's not three strikes. Okay, great. Yeah, that's what, that's what, this is going to be really productive.
1:01:54 Speaker 04 Marriage isn't three strikes.
1:01:56 Caleb Hammer? No, it's not.
1:01:57 Speaker 04 You don't know, Caleb. You've been, you've been single for the majority of your life.
1:02:01 Caleb Hammer? How long have you guys been dating?
1:02:03 Speaker 04 Five years.
1:02:04 Speaker 02 We've been out there for five years.
1:02:04 Caleb Hammer? Okay. That's not the majority of your life, you dumb. But either way.
1:02:07 Speaker 04 No, your life. No, no, no.
1:02:08 Caleb Hammer? I know, but if we're going to use the same thing, it's like, that's not the majority of your life.
1:02:12 Speaker 04 Right. But we waited until we were in a good spot in our own lives to find somebody. Yeah. To, to start like dating seriously. Yeah. Yeah. I, before him, I only had like one serious boyfriend.
1:02:23 Caleb Hammer? And you cannot use that excuse, that you cannot say that.
1:02:26 Speaker 04 No, I can absolutely say that. What do you mean?
1:02:29 Caleb Hammer? Because the exact, okay, that doesn't matter.
1:02:33 Speaker 04 Marriage is not three strikes.
1:02:34 Caleb Hammer? No, and it doesn't have to be. I'm not saying that, but you're just using that. Oh, he'll learn. After he continues to do this.
1:02:40 Speaker 04 Well, we are.
1:02:41 Caleb Hammer? He'll learn.
1:02:42 Speaker 04 We are working.
1:02:43 Caleb Hammer? It's gonna go so well.
1:02:44 Speaker 04 We are.
1:02:44 Caleb Hammer? What is this, soft parenting your husband?
1:02:48 Caleb Hammer? That's turned out well for an entire generation.
1:02:50 Speaker 04 I guess it's a way of this.
1:02:52 Caleb Hammer? Yeah, give him an iPad. It's gonna go really well.
1:02:54 Speaker 04 Okay, well, I don't. I don't know.
1:02:57 Speaker 02 I have to fix my behavior. Like, I know that doesn't like change anything and whatnot, but.
1:03:01 Caleb Hammer? I'll give you some cocoa lemon and you'll. You'll wind down.
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1:03:32 Caleb Hammer? I don't think he understands.
1:03:34 Speaker 02 I don't know what cocoa lemon is, so I have no idea.
1:03:36 Caleb Hammer? Okay. Are you gonna be a stay-at-home mom when you have a kid?
1:03:39 Speaker 04 I would love to, honestly.
1:03:40 Caleb Hammer? Okay, so that's gonna immediately eat a big chunk.
1:03:44 Speaker 04 I don't, I don't think I'm going to, because I don't think we are in a financial spot to do it, which is why we were looking at that, like, what is a business acquiring thing where.
1:03:53 Caleb Hammer? And what is that gonna do? You're gonna spend money to acquire a business and then do what?
1:03:56 Speaker 04 And then.
1:03:57 Speaker 02 And then she'll be the main operator. That'll be her job instead of her working.
1:04:01 Caleb Hammer? Working remote as a main operator?
1:04:03 Speaker 02 No, it could be something local. It depends what kind of business you acquire.
1:04:06 Caleb Hammer? Have you guys ever ran a business?
1:04:08 Speaker 04 My mom did.
1:04:09 Speaker 02 I ran a business.
1:04:09 Caleb Hammer? We can use this for the long-term relationship excuse. Have you guys ever ran a business?
1:04:14 Speaker 04 No.
1:04:15 Caleb Hammer? Okay.
1:04:15 Speaker 02 I've run my own consulting firm before.
1:04:17 Caleb Hammer? And?
1:04:18 Speaker 02 And I didn't enjoy doing that work on my own, so.
1:04:20 Caleb Hammer? I was gonna say, you're certainly not doing it now, so I don't think it worked out very well.
1:04:24 Speaker 02 Yeah, I chose not to continue doing it. Yes, that's correct.
1:04:26 Caleb Hammer? Uh huh. How long did you do it?
1:04:27 Speaker 02 I did it for about eight months.
1:04:28 Caleb Hammer? How much did you? Okay. I think you think that's gonna be a lot easier than it really is going to be.
1:04:34 Speaker 04 Maybe. I mean, I remember my mom working like-
1:04:37 Caleb Hammer? What is it, acquisition.com, fucking Hermosy's thing?
1:04:40 Speaker 02 No, it's-
1:04:41 Caleb Hammer? Acquisition Ace is something different?
1:04:43 Speaker 02 Acquisition Asians is something different, yeah. Uh, but it's, it kinda, it, it's-
1:04:48 Caleb Hammer? What are you guys gonna spend on a business?
1:04:50 Speaker 04 No more than-
1:04:51 Caleb Hammer? Cause you have a quarter million dollars in debt, what are you gonna spend on a business?
1:04:53 Speaker 04 Like, no more than three hundred thousand is what we said, right?
1:04:56 Speaker 02 No. We, we would, we would get a SBA loan, uh, and then work with somebody to hopefully find someone with some seller's financing as well, uh, would be the goal. But that's why it was something just to look into and learn about what-
1:05:09 Caleb Hammer? And then we're also getting a mortgage, and then it's just like, oh, we're about to be a million dollars in debt before we know it.
1:05:16 Speaker 02 But there's just one potential avenue to look into and educate ourselves on. Like, I think spending a couple hundred dollars to educate yourself about what options are out there for you to change careers isn't a, isn't an unwise investment.
1:05:25 Caleb Hammer? Yeah, but no, no, it's an unwise move if, if the entire ten is to keep her at home and you think this is the way to do it. Like, that concerns me, because I think you think it's gonna be easier.
1:05:35 Speaker 02 Oh, I'm not saying it's gonna be easier, but her being a stay-at-home mom and her being a business operator aren't necessarily like, they aren't like, the same thing, like-
1:05:42 Speaker 04 I, I would see my mom work like fourteen hours a day to run her small business in, uh, our hometown. I don't wanna do that, but I don't mind like overseeing businesses that we already own, and like hiring managers, hiring other people to help run it, and then I'm, you know-
1:05:58 Caleb Hammer? Good luck, let me know how it goes. Target, target, oh, here we go. Guess what? These are, these next numbers I'm gonna read are all Pokemans that I did not see yet. Fifty-four dollars, fifty-four dollars, three hundred twenty-four dollars, sixty-one dollars, hundred-two dollars, hundred-seven dollars. So we are, uh, thousand...
1:06:18 Caleb Hammer? Seven hundred, a thousand eight hundred in Pokemans?
1:06:22 Speaker 04 Are you serious?
1:06:23 Speaker 02 Oh, yes.
1:06:24 Caleb Hammer? Oh, yes, he is.
1:06:27 Speaker 04 Ten.
1:06:28 Speaker 02 I, I have no words. I, it's-
1:06:32 Speaker 04 Dude, that's not okay. That, that's like an unlimited year-long pass to my hobby.
1:06:42 Speaker 02 Do you want an unlimited year-long pass to your hobby?
1:06:44 Speaker 04 I mean, we can't afford it, that's what I've been telling my-
1:06:50 Speaker 02 I can't spend that. I, I need to spend less.
1:06:54 Caleb Hammer? I'm concerned about the, maybe your therapist can work on this, where it's like, I think your version of resolving conversations is we're not, uh, we're no longer talking about it instead of actually achieving a productive ending. Because every time something comes up, it's, dude, that's not okay. He's like, yeah, it's not okay. And then the conversations ended, which means that we never fix this in the future. It just happens again. And then you're like, dude, that's not okay. And he's like, you're right. That's not okay. And then it happens again. Then it happens again. It's like, what the?
1:07:25 Speaker 04 I mean, I take his word that he's.
1:07:27 Caleb Hammer? He's broken his word many, many times here. Come on. Why are you taking his word?
1:07:30 Speaker 04 I mean, I didn't realize.
1:07:32 Caleb Hammer? You love him. That doesn't mean he's the most trustworthy person.
1:07:34 Speaker 04 I didn't realize the Pokemon was as bad as it is. I knew, I knew it was a little out of hand, but I'm, like I said, it was, I thought it was 50, $75 out of hand, not thousands.
1:07:46 Speaker 02 I, there's, there's a, I'd say there's probably a bit of a, a gambling addiction element to this. Like, cause that's the whole fun of it, right? Like you, you buy them, you open the packs and hopefully you get something big. And I enjoy.
1:08:01 Caleb Hammer? Is he throwing out the word addiction for cope and sympathy? Or is there something real with this? Cause with him, I think he's really good with his word. I think he is very good at manipulating.
1:08:11 Speaker 04 Never, I don't think it's ever been diagnosed, but he has told me from day one, he has an addictive personality and I believe it and I see it. And I also think it's a little bit of ADHD brain. So not necessarily tism, but definitely neurodivergent.
1:08:23 Caleb Hammer? There is tism.
1:08:24 Speaker 02 Oh, yeah. I don't, I don't deny that in the slightest.
1:08:27 Speaker 04 But he will, he will go ham into a new hobby or topic of interest and he'll just go, go, go, go, go for like a couple of months and then he'll just dip.
1:08:36 Caleb Hammer? Me too. I'm that same person. I'm that same person. Listen, someone typed addictive personality as a cop out for bad behavior. Maybe, I mean, I would define myself as addictive personality too. So I don't necessarily agree with, well, I, it's not a, you might be using it as a cop out, but I have that similar thing. You know, we're both similar. We're both with our words. We're both combative for no reason and we're both probably, and we're both, you know, money obsessed and we're number obsessed and we get addictive personalities and hobbies. We get that. However, um, buddy, first of all, I'm seven years younger and I have figured out that, oh, maybe I shouldn't do this hobby right now because I will fall into it and
1:09:20 Caleb Hammer? it will be a hundred percent of my life and I will blow all the money to do it. I tell myself that. I moderate myself because if you're able to tell yourself you're an addictive personality, you know that not, what not to do because you can no longer self admit that you're an addictive personality, but then just give into it because that's not how it works. If you're willing to accept it, then you going, then you just going down that addictive train on whatever the next thing is, is you're just not giving a. So obviously this card's not great. Spending not even close. Seventeen percent interest. Okay. Best Buy. What's going on with this? Oh, good. We spent a thousand six hundred eighty six dollars.
1:09:53 Speaker 02 That was like, all right, how do we spend more than we put on cards? Hey, but I, I put more on cards. There's like, it's nothing. That was a purchase for my nibbling because they're going to college in the fall.
1:10:04 Caleb Hammer? What the?
1:10:05 Speaker 02 It's the gender neutral term for niece or nephew is what I've been told.
1:10:08 Caleb Hammer? Nibbling?
1:10:09 Speaker 02 Nibbling.
1:10:38 Speaker 02 So I helped them purchase a laptop for their, um, for their fish conservation, uh, degree that they're working on, uh, starting this fall.
1:10:50 Caleb Hammer? I have a question. Audience, I have a very gay LGBT gay man to my right named Colton. Hi, Colton. Nibbling is kind of, isn't it?
1:11:00 Speaker 05 Look, when he told me, I had no clue it existed.
1:11:02 Caleb Hammer? Okay, good. That's, that's the dumbest thing I've ever heard in my life.
1:11:07 Speaker 02 I don't disagree. I'm just using the words that I've been taught by my younger generation, uh, in trying to respect.
1:11:13 Caleb Hammer? Maybe not everything needs to be respected.
1:11:16 Speaker 02 They, they needed a laptop for, uh, for school. Uh, their department recommended a certain level of specs when it came to a laptop. Uh, I worked with, uh,
1:11:26 Caleb Hammer? What major are they going into?
1:11:28 Speaker 02 Fish conservation.
1:11:29 Caleb Hammer? Okay. So when they make me my they them latte, it'll taste incredible and I will be very happy. And I don't think they needed a laptop for that.
1:11:40 Speaker 02 For them to be able to run models should be able to, nevermind.
1:11:42 Caleb Hammer? Also, by the way, why is it you doing it for a nibbling? Like, why aren't their parenting doing it for their own, uh, childling?
1:11:51 Speaker 02 So my, I, so I have a very close relationship with my sister and her kids. Uh, I lived with them for a few years and so I feel.
1:11:58 Caleb Hammer? So it's still their kid.
1:11:59 Speaker 02 That it is. And I, I decided that I wanted to help out. Like, I wanted to help them be able to get what they needed.
1:12:06 Caleb Hammer? That's smart.
1:12:07 Speaker 02 Well, yeah, that's true. And so I chose to help them instead of prioritizing my, uh, financials. But I, I remember going to college and being given, uh, for my technology needs, uh, and I just didn't want them to have to go through the same struggles that I did. So.
1:12:24 Speaker 04 He has a very big heart, so that's why he offered. But I, I did insist at the very least that he asked his sister to contribute some.
1:12:32 Speaker 02 Yeah.
1:12:32 Speaker 04 Because he was about to just buy it flat out. And I'm like, no, no, no, it's, let's put in, let's set those boundaries and let's see how much your sister can, can.
1:12:40 Caleb Hammer? I have a boundary. That boundary is you paying your payments on time and you've had a late fee this year on this card.
1:12:45 Speaker 02 I have?
1:12:46 Caleb Hammer? Yep.
1:12:46 Speaker 04 No.
1:12:47 Speaker 02 Not that I'm aware of, but.
1:12:48 Caleb Hammer? Well, now you're aware.
1:12:50 Speaker 02 How much was the late fee?
1:12:51 Caleb Hammer? Thirty bucks.
1:12:52 Speaker 02 Okay.
1:12:53 Caleb Hammer? Which is the standard late fee. It's usually 30 to 35, depending on the card.
1:12:58 Speaker 04 That's so bad on your credit.
1:13:00 Caleb Hammer? Uh, I, I, I highly, it didn't probably hit as a missed payment, which is what would hit the credit. Late fee is more that he's just giving the bank more money. If it was late for a long time, it'd be a missed payment that would fuck his credit.
1:13:11 Speaker 04 Okay, okay.
1:13:12 Caleb Hammer? So that's not a worry, but the worry is one, disorganization indicative for the future. Two, he didn't even know it until I'm saying it now. And three, it's costing him more money. It's costing you guys more money. It just means paying off the debt slower and slower. You ever try hiring someone? It's like online dating, but instead of getting ghosts after the first date, you're ghosted after reviewing 300 resumes. You post the job, then sit back and wait and wait. And eventually sort through a mountain of kinda maybes who either don't respond or already took another offer. Or worse, you find great candidates, but they're not even looking. So now you're just left to staring at a blank inbox.
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1:14:30 Caleb Hammer? And if you go to ziprecruiter.com/caleb right now, you can try it for free. That is ziprecruiter.com/caleb. ZipRecruiter, the smartest way to hire. Um, listen, I mean, all right, I recommend for people like you, again, it's like something like the fist card, debit card that builds credit. Like that's fine and you guys don't need it for your career. So, uh, gifted to fucking, uh,
1:14:53 Speaker 04 nibbles?
1:14:53 Caleb Hammer? Nibbles? Mr. Mr. Mrs. Mrs. I can't say that either. Oh, I always put Mr. And Mrs. Before things. Okay. So we have Southwest Rapids reward card. This is one that we consolidated at some point.
1:15:05 Speaker 04 It's probably yours.
1:15:06 Caleb Hammer? Yes. Great. All right. Well, we purchased 1,723 after payment and stuff, a little back payment. We got $1,647.64 owed on it with a $40 payment. $153 of $159 of fees were added. Cash advance $154.
1:15:28 Speaker 02 I, the fee that if it's a cash advance fee, then that means it probably was used to pay a vendor for the wedding.
1:15:34 Caleb Hammer? Why are you doing that on this card that would have this? Cause you've had $337 of fees this year so far on this card. That's $337. That is not an insignificant amount of dollars. Also $1,367 of interest this year so far.
1:15:47 Speaker 02 When we had to make payments, when we had to finish making payments to vendors in Oaxaca, we had to do that through Wise app. And that's where all of the, and like, so those are money transfers. And so they ended up being.
1:15:59 Caleb Hammer? Why not on your checking instead of a credit card where you're getting obliterated?
1:16:03 Speaker 02 This is one of the costs that went over. We didn't have the cash for it at the time.
1:16:07 Caleb Hammer? Then we don't do it. It is as easy as that. He also has chat GPT on here. What's the cane center?
1:16:13 Speaker 02 The cane.
1:16:13 Speaker 04 Oh, the canine center. We're training for our dogs.
1:16:16 Caleb Hammer? Training, training, training, training, training, training. Austin FC again, $1,229.
1:16:23 Speaker 04 We're season holders. Season pass holders.
1:16:25 Caleb Hammer? Dude, come on. As a guy myself, I mean, here's the thing. One, not that great. So this is the season we're getting season tickets to? I wouldn't say so. And no, this is your annual membership fee this one, but we've had $337 of fees this year. Oh, and there's the transaction fee as well.
1:16:41 Speaker 02 Yeah. So I mean, most of the charges on that card, just for the canine center, uh, we send our dogs there weekly for tutor and recess. Just a little like doggy daycare and.
1:16:50 Caleb Hammer? It's gonna be working if we have to buy a plant just for them to not destroy the house.
1:16:54 Speaker 04 It's working. It's, he's gotten so much better. He's, he was super reactive and now he's like getting better about walking and he listens and.
1:17:01 Caleb Hammer? PayPal credit. Well, what's going on with this?
1:17:04 Speaker 02 Uh, PayPal was one of the accounts that was consolidated on the second consolidation loan. It's really just like a catch all account for online purchases.
1:17:13 Caleb Hammer? So many catchalls. $949.87 with a minimum monthly payment of $30, five years to pay this off. Got Apple bill, Apple bill. One was $359. Who knows what the fuck that is? Oh, good. Here comes another hobby. Playstation Dice Legend.
1:17:29 Speaker 02 That's just dice for my D and D group.
1:17:32 Caleb Hammer? Great. Let's pick up a 10th hobby that costs a ton of money. Love Alchemy, great. Domino's Ultimate Guitar Gear, I'm not sure. Apple Bill.
1:17:42 Speaker 02 Yeah, Ultimate Guitar is an app for tabs and stuff like that.
1:17:45 Caleb Hammer? YouTube TV, maybe, and Patreon membership.
1:17:48 Speaker 02 Uh, YouTube TV, yeah, and then.
1:17:51 Caleb Hammer? $61 on Patreon, what the?
1:17:53 Speaker 04 What do you have a Patreon for?
1:17:54 Caleb Hammer? $61 too.
1:17:55 Speaker 02 It's for, uh.
1:17:57 Speaker 04 Oh, Dan Carlin?
1:17:58 Speaker 02 Yeah.
1:17:59 Caleb Hammer? For who?
1:18:00 Speaker 04 Dan Carlin Hardcore History.
1:18:02 Caleb Hammer? How much content does he put out in his exclusive membership?
1:18:05 Speaker 04 Oh, my God, he puts out like one every other year.
1:18:08 Caleb Hammer? Great, and we do three premium shows posted every single day for Hammer Elite, which is literally a sixth of that cost, three premium shows posted every day, Monday through Friday. That's wonderful. What a use of money. $30.39. I mean, I appreciate supporting the creator. You can't afford it, don't do it now. Amazon Chase Card.
1:18:26 Speaker 04 That's mine.
1:18:27 Speaker 02 That's yours.
1:18:27 Caleb Hammer? Oh, great.
1:18:29 Speaker 04 That's mine, but I am not the Amazon spender.
1:18:32 Caleb Hammer? Who is?
1:18:34 Speaker 02 We both buy things on Amazon. It's not just me.
1:18:36 Speaker 04 No, I don't frequently buy. I'm one that like, if I need something, I'll go buy it at the store. I'll go physically buy it at the store unless I can't.
1:18:43 Caleb Hammer? $10.11, $25, 10 months to pay off. Okay, it's all Amazon. There's also Animal Draft House, Prime Video, Prime Video. Pool Burger, it's not even all Amazon, of course, interest this year so far.
1:18:55 Speaker 04 I bought ones for my family.
1:18:56 Caleb Hammer? We don't always pay it off. Someone pull up the Amazon.
1:18:59 Speaker 04 I don't have the app, but I can pull it up on the website.
1:19:03 Caleb Hammer? Guitar Pick, yeah, he'll spend unlimited money on all his things. Sour Strawberry Sugar-Free Chewing Gum.
1:19:09 Speaker 02 That was to replace my vape habit.
1:19:11 Caleb Hammer? Okay, that's good. Secret Hitler. I mean, it's fun, but you don't have money.
1:19:16 Speaker 04 It's the game that we played when we met, the day that we met. He came over to play Secret Hitler.
1:19:21 Caleb Hammer? Nostalgic purchase?
1:19:22 Speaker 04 A little bit, yeah.
1:19:23 Speaker 02 We all enjoy playing board gaming. We enjoy playing board games.
1:19:26 Caleb Hammer? Well, that's not a two-person game.
1:19:28 Speaker 04 No, but our friends enjoy it too, so.
1:19:30 Speaker 02 We enjoy hosting, having friends over too.
1:19:32 Speaker 04 It's free if they come over and play.
1:19:34 Caleb Hammer? Quicksilver, what's going on with this card?
1:19:36 Speaker 04 That's me. I pay it off every month, down to zero, on time.
1:19:40 Caleb Hammer? No interest is accrued this year. Okay, yeah, I'll cross that off. Okay, but it's still $414 of purchases. I could have gone with the payoff that, and it's Marshall's, it's Animal Draft House, it's Fetty, and it's Fetty.
1:19:50 Speaker 04 I think I get points for ride shares, so.
1:19:54 Caleb Hammer? Wonderful, great. We're spending money. We don't have, I'm thrilled.
1:19:57 Speaker 04 It was.
1:19:57 Caleb Hammer? Southwest Rapid Rewards.
1:19:59 Speaker 04 That's mine also.
1:20:00 Caleb Hammer? Total fees, is that a, is there an annual fee on this one?
1:20:03 Speaker 04 I don't know.
1:20:04 Caleb Hammer? Or is that too late fees? I don't know. Seventy bucks a fees this year.
1:20:07 Speaker 04 Probably annual. I can chalk.
1:20:09 Caleb Hammer? We'll see. I don't know. Every single credit card.
1:20:11 Speaker 04 It shouldn't be a late fee. I've never been late on a payment.
1:20:15 Caleb Hammer? You didn't think it was either. I won't write it down because they got no interest accrued this year. By the way, yours that sometimes get paid off have had interest this year, so I'm putting down the balances, by the way. Like a Taco More, Uber Eats, Hulu, Hobo's Restaurant, East African Restaurant, Paramount Theater, Spotify, Netflix, Line Hotel Restaurant. It's just, it's just eating and going out and blowing money constantly. You guys live such an insane lifestyle.
1:20:40 Speaker 02 We just go out and have a good time.
1:20:41 Caleb Hammer? No, that is as clear as day. You did not have to tell me.
1:20:44 Speaker 04 Sometimes we're really tired and we don't want to cook and we, yeah, yeah, a little boo hoo, yeah.
1:20:51 Caleb Hammer? Meal prep, you tit.
1:20:52 Speaker 04 We, I like fresh food and I don't like leftovers more than like two days.
1:20:58 Caleb Hammer? I don't care what you like. I'm talking about paying off debt, you f- what are we doing?
1:21:03 Speaker 04 I don't know what those charges are.
1:21:05 Caleb Hammer? Mythical store, like GMM?
1:21:07 Speaker 02 Oh, yeah. Yeah. Good mythical morning.
1:21:09 Caleb Hammer? Listen, they're doing very well. You're dying in debt. What are we doing? Alamo Drafthouse, Domino's, liquor store, Dashpash, Lady Bird Society, Lady Bird Society.
1:21:18 Speaker 04 Oh, that's hair.
1:21:19 Caleb Hammer? Yoga, La Combine, Summer Moon Coffee, Alamo, In Space Goblin again. So there we go. Add fifteen, sixteen to the, to the Pokemon. A lot of interests accrued this year so far. So, but this is thirty-two dollars and then this is paid off. So what the f- what are we doing? What are we doing? This is so f- moronic. Did you find out it was an annual fee?
1:21:44 Speaker 04 No.
1:21:45 Caleb Hammer? It was late fees.
1:21:46 Speaker 04 No, I don't know. It's.
1:21:47 Caleb Hammer? It was late fees.
1:21:48 Speaker 04 No, I don't know. I don't.
1:21:49 Caleb Hammer? If it's not annual, then it probably was.
1:21:50 Speaker 02 I don't think it's an annual fee. It's probably two late fees. You said seventy dollars, thirty-five dollars a piece?
1:21:54 Caleb Hammer? I think it's two late fees.
1:21:55 Speaker 04 No, there's no way. I pay that off. I mean, I don't, here's the thing. I don't know how to find.
1:21:59 Caleb Hammer? What's the card? Specifically? What's the card?
1:22:02 Speaker 02 Southwest Rapid Rewards.
1:22:06 Speaker 04 Um.
1:22:07 Speaker 02 Southwest Plus.
1:22:08 Caleb Hammer? I'm gonna get it up for you.
1:22:11 Caleb Hammer? Nope, does not have an annual fee. Oh, wait, wait. Rapid Rewards, not the Southwest. Rapid Rewards credit cards. Wait. Oh, there is an annual fee. None of the current consumer business are fee free. Okay, this doesn't matter. Okay. Here we go. Discover card. What's the balance on this? Because I don't see, you didn't send a
1:22:26 Speaker 04 Discover?
1:22:27 Caleb Hammer? Real statement. Yeah.
1:22:28 Speaker 04 Probably zero. I pay off all my cards. Down to zero.
1:22:31 Caleb Hammer? I hope so. Sephora, Amy's Ice Cream, El Pollo Rico, going in and getting some BS from the gas station. Golden Corral, Amy's Ice Cream. Golden Corral?
1:22:39 Speaker 04 I had cravings for mac and cheese.
1:22:41 Speaker 02 Craving there. I think that's the first time either of us had eaten there.
1:22:44 Caleb Hammer? There's so much good mac and cheese here and you went to Golden Corral.
1:22:46 Speaker 04 I know. I know.
1:22:46 Speaker 02 It was very disappointing.
1:22:47 Speaker 04 Yeah, we're never going back. I just wanted mac and cheese, mashed potatoes, and a dinner roll.
1:22:51 Caleb Hammer? I bet the mac and cheese pizza from Cici's is better.
1:22:54 Speaker 02 A lot of these cards that have like small balances on them come from like, she has a belief where she needs to use those cards every month so that way they don't get locked up.
1:23:02 Caleb Hammer? This Wells Fargo card was paid off as well, but it doesn't even make sense because it accrued $87.70 of interest this last month because you didn't pay it off in time.
1:23:10 Speaker 04 That was, that was our bad. We, we used that to buy our wedding bands and our plan was to take advantage of the no interest and pay it all off. And I forgot when the no interest was going to end. So the interest hit and then we paid it all off.
1:23:25 Caleb Hammer? Okay, here's our outback. And I mean, again, without everything else, you could afford this $43,900 car loan. What is it? A 1.9% interest rate?
1:23:34 Speaker 02 Yes, it is.
1:23:34 Caleb Hammer? That's good. I do like that. And again, the car's not ridiculous for your guys' income situation. It's just combined it with everything else that it might be.
1:23:41 Speaker 02 Yeah, the, the 1.9% interest rate is what made us decide to actually pull the trigger on the purchase.
1:23:48 Caleb Hammer? I really got you. $43,984.84. What's the, I needed a new car. What was going on?
1:23:55 Speaker 04 Well, we, we did try to do, we tried to be a one car household that, that wasn't working. He did find like a little beater for $2,000.
1:24:05 Caleb Hammer? Well, I wouldn't recommend that.
1:24:06 Speaker 02 It just got me from A to B. It was the only purpose of it, but it wasn't sustainable.
1:24:11 Caleb Hammer? I know. Usually a 2,000 hour car though, A to B is still going to cost money to keep it going, you know?
1:24:15 Speaker 02 It cost me $1,000 to buy and then I've spent $600 on like, just like breaks and
1:24:22 Caleb Hammer? Proof that it can happen, guys. Even still today.
1:24:26 Speaker 04 But then our-
1:24:26 Speaker 02 It's available if anybody wants it.
1:24:27 Caleb Hammer? Usually I do like 5,000 for beaters when recommended these days.
1:24:31 Speaker 04 Our dog chewed up the deed though, so it's now just sitting.
1:24:34 Caleb Hammer? Oh, that's fine. I had to go get two titles. It takes just mail in.
1:24:38 Speaker 02 The title is in New Jersey though, so.
1:24:40 Caleb Hammer? Oh, I don't know about that. Okay.
1:24:42 Speaker 02 And it's also not titled to the guy I bought it from. It's titled to the guy that he bought it from. So it's in a bunch of pieces and I have a sale contract. It's a whole thing. And it's not something I look forward to sorting out.
1:24:52 Caleb Hammer? Okay, here's Department of Education. Who has 53,927?
1:24:55 Speaker 04 That might be me.
1:24:57 Caleb Hammer? Insane. What degree did you get?
1:24:59 Speaker 04 Psychology, bachelor's.
1:25:01 Caleb Hammer? Hmm, in 12, okay. What's your minimum monthly?
1:25:07 Speaker 04 Payment?
1:25:07 Speaker 02 Right now, she's not making any payments on any.
1:25:09 Caleb Hammer? Why?
1:25:10 Speaker 04 Uh, so before COVID, I'm gonna make this as short as possible. Before COVID, I was working in mental health. So it was one of those like, we can hold off your payments. And if you work here for 10 years, we'll pay off your loans.
1:25:23 Caleb Hammer? Which obviously didn't, so.
1:25:25 Speaker 04 Well, and then COVID hit and I think Biden stopped all college payments. College loan payments, they were deferred. And then I got out of it and they just haven't started back up. I check it every month.
1:25:35 Speaker 02 They're still in deferment until November 30th.
1:25:38 Speaker 04 Yeah, just now.
1:25:39 Caleb Hammer? And then you're gonna pay. Okay, your minimum monthly payment's gonna be likely about 600 bucks.
1:25:47 Speaker 04 So much. I have so much money.
1:25:48 Caleb Hammer? You borrowed it. Okay, is this-
1:25:52 Speaker 02 I think it's all part of hers still.
1:25:53 Caleb Hammer? All part of hers. Is this yours or hers? Okay, still?
1:25:57 Speaker 04 I don't know.
1:25:58 Speaker 02 I'm not sure. You can't get a statement from them, so it's only like screenshots.
1:26:00 Caleb Hammer? Okay, yours. You're probably at-
1:26:02 Speaker 02 43,000 or so.
1:26:03 Caleb Hammer? Do you have a minimum yet?
1:26:05 Speaker 02 Uh, I've been paying roughly 800 and 600, no, about a thousand dollars a month.
1:26:09 Caleb Hammer? That's not your minimum.
1:26:10 Speaker 02 I don't have a minimum yet. No, it has been, it was 860.
1:26:13 Caleb Hammer? Well, I wouldn't do more than the minimum for your student. Well, you have high interest debt. That doesn't make any sense to me. Your minimum's likely gonna be about 500 bucks.
1:26:20 Speaker 02 It's more than that. It was 860 last time I had it.
1:26:23 Caleb Hammer? Oh, okay. We'll do a 60 then. I wouldn't put more to it than that though.
1:26:26 Speaker 04 And I think this is a different loan. That should be a different loan.
1:26:29 Speaker 02 What is that?
1:26:29 Speaker 04 That's my state. That's my state loan.
1:26:31 Caleb Hammer? What do you owe on that total?
1:26:32 Speaker 04 Like 3,000.
1:26:33 Caleb Hammer? Okay, what's your minimum there?
1:26:35 Speaker 04 165 a month.
1:26:37 Caleb Hammer? Okay. This is insane. Ally 262.
1:26:42 Speaker 02 That's our checking and savings account.
1:26:44 Caleb Hammer? Such a low balance for your guys' income. It's so dangerous. Wine, Levy to Austin FC. Great.
1:26:53 Caleb Hammer? Austin FC, or Austin FC, I think, and Wanderlust Wine again. I'm just spending so much on both. What is Levy? Is that?
1:27:01 Speaker 02 That's the vendor at the stadium.
1:27:03 Caleb Hammer? Okay, so.
1:27:03 Speaker 02 So when you buy something at the stadium, that's what they.
1:27:04 Caleb Hammer? Austin FC, Austin FC, Central Machine Works, Los Donzantes.
1:27:10 Speaker 02 Los Donzantes.
1:27:11 Speaker 04 Oh, it's a really, it's like the best birria in Austin.
1:27:13 Caleb Hammer? Best what? BDS?
1:27:14 Speaker 04 Birria. Birria.
1:27:16 Caleb Hammer? Did you just call me?
1:27:18 Speaker 04 A birria. A birria. It's like a, it's a Mexican, like stewed pork, and they give you a little consomme on the side.
1:27:24 Caleb Hammer? I love stew and it's 100 degrees outside. Half Squad Brewing. Go Fund Me. What the?
1:27:32 Speaker 02 That was for the.
1:27:33 Caleb Hammer? Fund your fucking future kid, dude.
1:27:35 Speaker 02 That's for the kid. You donated to a kid.
1:27:38 Speaker 04 Oh.
1:27:39 Caleb Hammer? You guys have no ability to not spend.
1:27:43 Speaker 04 He just became an orphan.
1:27:44 Caleb Hammer? Sucks for him. I'm sorry. No, I'm kidding. No, that is really hard. But again, you know how much money you could give? In the history of your lives, if you got out of debt, had a fully funded emergency fund, low risk over your head, you could allocate so much money to giving on a monthly basis. You doing little givings, lots of fun, is preventing you from giving more. You could find an orphan in a few years, if you actually buckle down and pay this off, and you could give them a fucking incredible lump sum of money. It's awesome. But you're preventing from getting yourself that it actually helped more people.
1:28:15 Speaker 04 Well, it's all working towards.
1:28:16 Caleb Hammer? No, you're not. Zalina at $125, Zalina at $250, Zalina at $25, Zalina at $86, or no, Juniors Comics.
1:28:24 Caleb Hammer? Great. Target. Lady Bird Society, Zalina on Money, Chick-fil-A, some restaurant on South Lamar, Uber Eats, Uber Eats, Starbucks. Do you guys not eat out ever?
1:28:36 Speaker 04 Yes, we cook at home.
1:28:37 Caleb Hammer? When?
1:28:39 Speaker 04 We, well, we go and get groceries from the farmer's market and then we cook at home.
1:28:43 Caleb Hammer? When?
1:28:44 Speaker 04 Whenever we have energy.
1:28:46 Caleb Hammer? That math is not working. Getting some bevies. Eagle Farm Restaurant.
1:28:52 Caleb Hammer? Malaka Creations, Animal Drafthouse, Oh, those are- Austin Wildflowers, That's part of groceries.
1:28:58 Speaker 02 Those are all groceries.
1:28:59 Caleb Hammer? Tamales Addiction, Stoke, Yappa, Artisan, Empanadas.
1:29:03 Speaker 02 Those are all vendors from the farmer's market.
1:29:04 Caleb Hammer? That's wonderful. Great. You spent a ton of money at the vendors market when you're supposed to get groceries. Um, I mean, I know fucking empanadas were not groceries. I know for a fact, okay? PayPal and out $269, La Mexicana, Venmo and out $100, Uber Eats, Venmo and out $50. That's, that's part of working out. Venmo and out $120? Whoa, are you working out every, what, what, what the? You're Venmo and out- I have a trainer. I have a trainer who comes and trains me. Venmo and out $50, Venmo and out $250, Ninja Sketch, you might not be able to afford it. You are gonna have to choose what you guys want and what you don't want. Cause right now, we have about 15 things we're paying for endlessly, just reoccurring forever. You are gonna need to make some sacrifices. Venmo and out 50, ATM withdrawal, especially if you get, this is not a good market.
1:29:50 Caleb Hammer? For what?
1:29:50 Speaker 02 For what?
1:29:51 Caleb Hammer? Tech right now. I don't know what you're in specifically.
1:29:54 Speaker 02 Oh, I'm, I mean, I, I hear that, but I, I'm, my, my skillset is in need regardless.
1:30:01 Caleb Hammer? What is it?
1:30:02 Speaker 02 I work in data management and data analytics.
1:30:04 Caleb Hammer? Mm-hmm.
1:30:06 Caleb Hammer? Uh, bleep it, bleep it. What company?
1:30:10 Speaker 02 So I work, I work as the, I work as the data architect.
1:30:12 Caleb Hammer? He's in a more resistant, recession resistant, but not recession proof. They are still, it is the second highest sector of layoffs this year so far. And the only one that's higher than that is federal government, because the new administration came and they cut a lot. So you're in the private sector, you are by far in the highest laid off sector. I just wouldn't want to think we're completely immune. I agree, you're more resistant, not immune.
1:30:35 Speaker 02 I agree that no one, I think no one's immune, right? Uh, but I think-
1:30:38 Caleb Hammer? Especially in your sector right now.
1:30:39 Speaker 02 Yeah, I, I'm part of a leadership team that's trying to overhaul the business in the way that it works, so.
1:30:44 Caleb Hammer? I hope that works. Leaders get cut all the time too, though.
1:30:47 Speaker 02 Sure. And I think that we need to have a plan for if that were to occur.
1:30:50 Caleb Hammer? I know, but imagine if that occurred, you're the big chunk of the household, like three fourths of the income? And look at this situation. What would we do? Uh, okay, ATM withdrawal, $303.
1:31:03 Caleb Hammer? Sure Tail Creek, Rara Righteous Greens, Better Day Garden, Wolf Dog Treats.
1:31:08 Speaker 02 Farmers Market.
1:31:10 Caleb Hammer? Yeah, I recognize some of these. Is this the Mueller one?
1:31:13 Speaker 02 Uh, Sunset Valley.
1:31:15 Caleb Hammer? Oh, you should go to the Mueller one, it's nicer. Enterprises, Texas Food Ranch, Michaela Creations, Simple Promise, Regals, Rachel's, Regals, Dough Mama,
1:31:27 Caleb Hammer? BCFM, Big Brazos, Stoke, Hi-Fi Waxing. Alright, well I know you guys are working the good a baby, huh?
1:31:38 Speaker 04 Hi-Fi Waxing.
1:31:39 Caleb Hammer? Going in nice and clean.
1:31:40 Speaker 02 Yeah.
1:31:40 Speaker 04 Oh, Waxing Crescent.
1:31:42 Speaker 02 Yeah.
1:31:43 Speaker 04 My eyebrows.
1:31:44 Caleb Hammer? Oh.
1:31:45 Speaker 04 Yeah.
1:31:45 Speaker 02 Was that for the wedding?
1:31:46 Speaker 04 Yeah.
1:31:47 Speaker 02 Yeah.
1:31:47 Caleb Hammer? Venmo, Venmo, PayPal, Venmo, Las Donzantes, Las Donzantes, Los Wendy's, American, American Statesman, he pays for the declining paper, American Statesman.
1:32:00 Speaker 02 I don't pay for it, no. She insists on paying for it.
1:32:02 Speaker 04 Oh, I need to cancel that.
1:32:04 Caleb Hammer? You need to cancel that.
1:32:05 Speaker 02 I've said that for months.
1:32:06 Caleb Hammer? They don't really do much. Ladybirds, no, actually they're fine, actually technically, I am subscribed to them, I'll be honest. You guys just can't afford it. I was leaving them for no reason. Hi-Fi, Sure Tail, Michaela Creations, Venmoing out money, Venmoing out money, Levi, Austin FC,
1:32:25 Caleb Hammer? Hop Squad Brewing, going against BS, Elmo Draft House, Taco Deli, and Google Fiber. Google Fiber's fine, there's internet, but this is crazy. Nine dollars in this Ally Savings Account, that's wonderful. Uh, okay, checking and see, well, no, checking in this account, three forty and then seventy-five in savings. Uh, Apple Bill, Dan's Hamburgers, Whataburger, Apple Bill, Apple Bill, this is fucking crazy. Thirty-four in this, nothing, nothing. Fifty-five thousand dollars in this.
1:32:54 Speaker 02 Retirement account.
1:32:55 Caleb Hammer? Who's retirement?
1:32:56 Speaker 02 It depends on the account.
1:32:57 Caleb Hammer? Fifty-five thousand.
1:32:59 Speaker 04 Might be mine.
1:32:59 Speaker 02 Hers, I think.
1:33:00 Caleb Hammer? Uh.
1:33:01 Speaker 02 Is it Fidelity, is it TransUnion, like?
1:33:04 Caleb Hammer? Uh, let's see, this is Fidelity.
1:33:08 Speaker 02 It's hers.
1:33:09 Caleb Hammer? Okay, then seventy-five in this Fidelity?
1:33:11 Speaker 02 That's mine.
1:33:13 Caleb Hammer? Okay, that's.
1:33:14 Speaker 02 Those are residual accounts from, uh, uh, stock that I got from startups that I work at, so there's nothing in it, it's just like twenty bucks.
1:33:21 Caleb Hammer? Twenty-five thousand dollars on this.
1:33:23 Speaker 02 The twenty-five dollars.
1:33:24 Caleb Hammer? Twenty-five dollars, sorry. Seven dollars in Schwab, twenty-three thousand dollars in Bankard.
1:33:29 Speaker 02 That's mine.
1:33:31 Caleb Hammer? Well, your entire and uh, what's your guys', what's your gross income?
1:33:37 Speaker 02 Gross income?
1:33:38 Caleb Hammer? Three fifty?
1:33:38 Speaker 02 Yeah, three, three twenty-five.
1:33:40 Caleb Hammer? Three twenty-five and yours gross?
1:33:42 Speaker 02 No, that's as a household of three twenty-five.
1:33:44 Caleb Hammer? Oh, three twenty-five is household, okay. You guys should approximately be at retirement total combined about
1:33:54 Caleb Hammer? five hundred thousand dollars. So you guys are certainly behind by about a fifth, so.
1:33:59 Speaker 02 Yeah.
1:33:59 Caleb Hammer? Yeah. Now, I know that makes it even harder. It's like, that's so much money. But it scales with your income in terms of where you should be at if you want to maintain the lifestyle you have now by retirement. So your retirement score is not going to be perfect.
1:34:10 Speaker 02 Right.
1:34:11 Caleb Hammer? And like, I mean, that would be great for, uh, that would be perfect for someone your age making, you know, a hundred thousand dollars a year. Like, they would be killing it. They would be beyond killing it, well beyond their goal. Cause you guys are at total retirement.
1:34:24 Caleb Hammer? Looks like a hundred sixty-six thousand. Like, if someone made a hundred sixty-six thousand, or no, if someone can made a...
1:34:37 Caleb Hammer? I mean, yeah, you know what I'm saying.
1:34:38 Speaker 02 Yeah.
1:34:39 Caleb Hammer? It just scales with your income.
1:34:41 Speaker 02 Yeah. Because it comes down to maintaining lifestyle at that point.
1:34:45 Caleb Hammer? If you want it in retirement, which I'm looking at what you guys do, I don't think you're gonna cut back. I don't think you're gonna want to cut back.
1:34:52 Speaker 04 I think we'll surprise you.
1:34:54 Caleb Hammer? Okay, come back on the follow-up channel and prove it. I'm just looking at literally what you do right now in front of me. I, and none of these are a mortgage.
1:35:06 Caleb Hammer? Okay, three hundred sixty-seven dollars, forty-one cents, plus six hundred twenty-three dollars and sixty-seven cents, plus a hundred, uh, one thousand three and thirty-five dollars and thirty-seven cents, plus forty-four dollars, plus twenty-nine dollars, plus forty dollars, plus thirty dollars, plus twenty-five dollars, plus six hundred forty-six dollars and fourteen cents, plus six hundred dollars, plus eight hundred sixty dollars, plus a hundred sixty-five dollars. Especially when those student loan payments start back up, your minimum monthly payments to survive are four thousand seven hundred sixty-five dollars and fifty-nine cents. The other card does not have a loan on it?
1:35:44 Speaker 04 What other card?
1:35:44 Speaker 02 No, it's paid off.
1:35:46 Caleb Hammer? Eighteen thousand dollars is our net income on a monthly basis. What's your rent?
1:35:50 Speaker 02 Twenty-six fifty.
1:35:52 Caleb Hammer? It's okay for your income. Utilities, including internet, all combined?
1:35:57 Speaker 02 Uh, three fifty.
1:36:00 Caleb Hammer? Gas, room, room, drive, drive, both of you?
1:36:02 Speaker 02 Uh, two hundred dollars a month.
1:36:04 Speaker 04 Yeah.
1:36:04 Speaker 02 Two fifty to be safe.
1:36:05 Caleb Hammer? Car insurance?
1:36:07 Speaker 02 Uh, we paid a month, we paid six months at a time.
1:36:10 Caleb Hammer? How much every six months?
1:36:11 Speaker 02 Sixteen hundred.
1:36:12 Caleb Hammer? Okay, two hundred and sixty seven dollars. Phone bill?
1:36:16 Speaker 02 Uh, two hundred and twenty.
1:36:18 Caleb Hammer? Yeah, why?
1:36:19 Speaker 02 New phones.
1:36:21 Caleb Hammer? You financing them?
1:36:22 Speaker 02 For hers, yeah.
1:36:23 Caleb Hammer? T-Mobile, I use T-Mobile here. So it's good. Same coverage for helium is like literally forty hours a month for the both of you combined. If you want to do a budget option.
1:36:31 Speaker 02 For helium?
1:36:32 Caleb Hammer? Yeah, this is one of those third-party carriers, kinda like, uh, Mint and those other ones that just use the same towers, same service, but they do it on the cheap.
1:36:43 Caleb Hammer? Okay, food, I mean, we could, I don't even need to do six hundred, like, uh, listen, uh, let's see how I can work your budget. Six hundred for groceries, let's say. But I'm gonna say eating out, this is how crazy this is, guys. I'm gonna say eating out, five hundred dollars, let's see what happens. TP fund, is there anything else you need to survive, two hundred dollars? And I'm gonna say fun spending, two hundred dollars. Medical healthcare, copays, anything?
1:37:10 Speaker 04 Uh, yeah, under my insurance, but copay is like twenty-five dollars.
1:37:13 Caleb Hammer? How often?
1:37:14 Speaker 04 Uh, once a quarter.
1:37:17 Caleb Hammer? Oh, okay, so, uh, we'll just put twenty-five bucks in there to be safe. How much do you give your trainer?
1:37:21 Speaker 04 Fifty dollars a session.
1:37:23 Caleb Hammer? And how many sessions a month?
1:37:24 Speaker 04 Two a week, so eight a month?
1:37:28 Speaker 02 Four hundred a month.
1:37:29 Caleb Hammer? Yeah, four hundred, is there any other gym costs outside of that?
1:37:32 Speaker 02 Uh, sixty dollars, the subscription for the total machine that we have.
1:37:36 Caleb Hammer? Okay, so four hundred and sixty bucks. Subscriptions, I'll call it fifty bucks, go crazy. You have a pet?
1:37:42 Speaker 02 We have two pets, two dogs.
1:37:43 Caleb Hammer? Two dogs, ages and health?
1:37:45 Speaker 02 Uh, one is six and one is one, they're both in good health.
1:37:49 Caleb Hammer? Okay, let's call it pet insurance, a hundred and twenty bucks.
1:37:53 Caleb Hammer? Dog food, how much?
1:37:54 Speaker 02 Uh, a hundred dollars a month.
1:37:57 Caleb Hammer? And how much for all the training and sitting and everything you guys are doing?
1:38:00 Speaker 04 Oh, gosh.
1:38:01 Speaker 02 Uh, it's about four hundred dollars a month.
1:38:04 Caleb Hammer? Yeah, that's pretty crazy. All right, let's see where this lands us.
1:38:10 Caleb Hammer? Guys, if you didn't have your minimum monthly payments on all this debt, the life. Damn, it's insane. You could have so much fun. Now, I'm dramatically concerned that you don't have a fully funded emergency fund. Like, it makes no sense. We did.
1:38:25 Speaker 02 I got tapped out for the wedding.
1:38:27 Caleb Hammer? That's not an emergency.
1:38:28 Speaker 04 And then I got tapped out for the honeymoon.
1:38:30 Caleb Hammer? Assholes, that's not an emergency assholes.
1:38:33 Speaker 02 It's gonna be a good time, though.
1:38:35 Caleb Hammer? Certainly will be. It won't be when you get laid off and you don't have a fucking income.
1:38:39 Speaker 04 I mean, knock on wood.
1:38:40 Caleb Hammer? Knock on wood. I hope you don't, obviously. 1,000, uh, 11,157.59 is what you need to survive with the fun I'm giving you, so fuck off. That gives you literally...
1:38:51 Speaker 02 4,000 dollars in debt payment.
1:38:54 Caleb Hammer? Yeah, well, no. So according to your 1,800 nat, 6,842 dollars.
1:39:03 Caleb Hammer? Let's round it for Wiggles, 6,500 left.
1:39:08 Caleb Hammer? Student loans, I'd be minimum monthly payment until they're paid off, so what does that leave us with?
1:39:14 Caleb Hammer? You can go highest interest or smallest balance, whatever method works for you, I don't really care.
1:39:21 Speaker 02 Actually, I would also... Is there not really a big difference there between the speed in which those are paid off?
1:39:26 Caleb Hammer? It's hard, really. It's so situational. Avalanche does always get there quicker, uh, but...
1:39:32 Speaker 02 Avalanche being highest interest first?
1:39:33 Caleb Hammer? Yeah, but how much quicker depends on the situation. A lot of the times, it's really not that.
1:39:39 Speaker 02 Okay, so it's almost six in one hand, half a dozen in the other?
1:39:41 Caleb Hammer? Yeah. Now, minus the student loans brings us to 168,000, but I'm also gonna minus the car, because we can minimum monthly payment until that's paid off at that interest rate.
1:39:53 Caleb Hammer? So, immediate debt to pay off is 124,162.55, with 6,500. God, dude, come on, it's less than two years, it's a year and a half. And get an emergency fund, this is so fucking easy, and I gave you more fun than I've ever given anyone. I don't wanna hear this, this is baby.
1:40:14 Speaker 04 I told you we could do it in two years.
1:40:15 Caleb Hammer? Choose what, yes, if you do this, not based on what you're doing!
1:40:19 Speaker 02 Yeah, that budget doesn't include, uh, having, uh, someone come clean the house.
1:40:23 Caleb Hammer? No, I gave you guys funds, been in the 500 allocate that how you wish TP fund. No, sorry. 200 for fun, 500 for going out to eat, $200 for your TP fund. You can allocate that, maybe do like a bi-weekly cleaning or something. I don't know. 400 for, I gave you guys so much. I've given you guys more than anyone's ever gotten. Join us in the post show. We'll ring the producers. We'll talk about that. There's always things that come up. It's the best membership on YouTube. Hammer Elite by far. Let's get this hammer financial score. Spending a budget, you overspent. We figured out how. 0 out of 10. You're confused. I don't know how. Debt. I mean, the debt is really bad. You guys can just get out of it. There's no collections. I'm gonna say for your income, technically 2 out of 10. Emergency funds, somehow nothing because of emergencies of Hawaii.
1:41:09 Caleb Hammer? Retirement, yeah, you're at a 3 out of 10 there, the math we were doing. Real estate, 0 out of 10, but you'll get there eventually. I mean, that's a hammer financial score, right? I might, I don't want to confirm. Yeah. 1 out of 10. I done. He was right. He nailed it. First thing he got right all episode. Just kidding. Join us for the post show, guys. Join Hammer Elite. Click the join button now. I'll see you there.
1:41:34 Speaker 04 My dad lives in Mexico and my sisters and I send him money every month.
1:41:40 Caleb Hammer? What? How much money are you sending him?
1:41:44 Speaker 04 Not that bad.
1:41:44 Speaker 02 You're still doing that?
1:41:45 Speaker 04 Less than your Pokemon.
1:41:47 Caleb Hammer? Did we agree not to do that?
1:41:48 Speaker 04 No, we, I didn't, I didn't talk to him about it.
1:41:50 Speaker 02 I thought it was like a one-time thing for like 6 months.
1:41:51 Speaker 04 No.
1:41:52 Speaker 02 You're doing this every month?
1:41:53 Speaker 04 It's my dad. And once your parents need help, in a way. Okay. Well, my dad does need help.
1:41:59 Speaker 02 Okay.
1:41:59 Caleb Hammer? Exclusive members content. Click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content.
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Previous $60,000+ For New Boobs | Financial Audit Next Most Batsh*t Crazy Woman I’ve Ever Met | Financial Audit Page updated November 1, 2026 · transcript and summary are machine-generated