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Transcript 14,096 words · 5 speakers
Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.
0:00 Caleb Hammer? To watch episodes of Financial Audit a week earlier, check us out on YouTube. What?
0:04 Speaker 01 I'm going to Switzerland.
0:05 Caleb Hammer? Oh, my. When? When? This is not funny. Shut the up.
0:11 Speaker 01 Sometimes for some of my flight, my will help me out.
0:14 Caleb Hammer? You seem like a daddy's girl. This is miserable. You are impossible to talk to. You have no breakthrough. You are a brick wall of dumb.
0:25 Speaker 01 Hi, my name is Paige. I'm 26, from Austin, Texas, and this is Financial Audit.
0:31 Caleb Hammer? Thanks for coming into the studio. What do you do for a living here in Austin?
0:35 Speaker 01 Thank you. Currently, I work in retail.
0:40 Caleb Hammer? What do you do?
0:41 Speaker 01 At Lululemon. I'm
0:42 Caleb Hammer? Oh, you didn't have to tell me where, but just like, what do you do? Retail is huge. All encompassing.
0:48 Speaker 01 Sorry, I sell clothes. Um, I walk dogs. Yeah.
0:51 Caleb Hammer? Oh.
0:53 Speaker 01 Twenty six.
0:53 Caleb Hammer? You walk dogs at Lululemon?
0:55 Speaker 01 No, no, no. So I have, I work at Lululemon and I also walk dogs on the side.
1:00 Caleb Hammer? Ah, side hustle. Okay. What do you make at Lululemon?
1:03 Speaker 01 Um, I make like seventeen fifty an hour.
1:06 Caleb Hammer? Okay. How many hours a week?
1:08 Speaker 01 Uh, usually around thirty.
1:11 Caleb Hammer? Okay. Yeah, that would be pretty hard to live in Austin. That's a little hard. So, I mean, that kind of gets us to about two thousand a month before any kind of taxes or anything, just off of that, with no time off, if you're not taking any time off. How much are we making with the, what?
1:29 Speaker 01 We also get bonuses.
1:31 Caleb Hammer? Based on?
1:31 Speaker 01 Based on sales. So
1:34 Caleb Hammer? How often?
1:35 Speaker 01 How often? We, on our second paycheck of the month.
1:37 Caleb Hammer? Cool. What do you normally get? What? Normally it's your account from Lulu on a monthly basis.
1:41 Speaker 01 I want to say it's closer to twenty five hundred.
1:45 Caleb Hammer? Okay.
1:46 Speaker 01 Maybe?
1:46 Caleb Hammer? Obviously, still difficult to live in Austin off of that. So how much do we make from the pet?
1:51 Speaker 01 From
1:52 Caleb Hammer? Pet walking or sitting or whatever.
1:53 Speaker 01 So I usually do that about ten hours a week. So that's usually like
2:01 Speaker 01 I'll say three hundred dollars. No, sorry. Three hundred fifty dollars a week doing that.
2:05 Caleb Hammer? Are taxes set aside for that automatically? Or do you have to set aside taxes?
2:09 Speaker 01 So in the app, I think that they do set them aside.
2:12 Caleb Hammer? What do you mean you think? How do you not know?
2:14 Speaker 01 I don't know. I guess I haven't really looked into it.
2:16 Caleb Hammer? Oh, you've been doing it?
2:17 Speaker 01 Um, I think I started. Well, I don't think I know. I started about like a year ago.
2:23 Caleb Hammer? A year ago? So there would have been a little load last year. Do you claim the income from the dog walking on your taxes?
2:31 Speaker 01 I think it was less than, I think it, it wasn't that much. I didn't make that much doing it.
2:37 Caleb Hammer? Did you claim it?
2:39 Speaker 01 No.
2:40 Caleb Hammer? Uh huh. Pull up your app. Show me where the tax.
2:44 Speaker 01 Okay.
2:44 Caleb Hammer? That set aside the taxes in the app is, uh, alleged set aside.
2:50 Speaker 01 Okay.
2:51 Caleb Hammer? Monies.
2:53 Speaker 01 I think it does.
2:54 Caleb Hammer? That's great. Show me.
2:56 Speaker 01 Or is it like, is it a ten ninety-nine? Is that right? Is that what it's called? Maybe? Or is that what I'm supposed to file?
3:02 Caleb Hammer? Why don't you pull up the app?
3:05 Speaker 01 Okay.
3:06 Caleb Hammer? Hmm. Show me the tax thing.
3:08 Speaker 01 I'm trying. It's loading.
3:10 Caleb Hammer? Okay. Did you not join the guest wifi?
3:12 Speaker 01 I did. Or it says Rover fees. So I'm assuming that's what it is. I'm waiting for it to load.
3:17 Caleb Hammer? I doubt. I bet Rover fees is them making a little bit from what you're making.
3:22 Speaker 01 Okay.
3:22 Caleb Hammer? So that they can make money as a company.
3:24 Speaker 01 The Rover fees.
3:25 Caleb Hammer? You thought the.
3:28 Caleb Hammer? Oh.
3:30 Caleb Hammer? Sit. Okay. Okay.
3:33 Caleb Hammer? Uh, thirty, eighty dollars for a set and you thought the Rover fee of sixteen dollars were taxes being set aside for you?
3:40 Speaker 01 Yeah.
3:41 Caleb Hammer? When have we ever seen taxes being taken from us with the company's name and the word fee after it?
3:48 Speaker 01 That's true. I guess I've never, I never.
3:50 Caleb Hammer? How do you think Rover makes money?
3:53 Speaker 01 I thought it was just out of the goodness of their heart.
3:55 Caleb Hammer? Okay. Well, come on. Yeah. How do you think they make money? Come on.
3:58 Speaker 01 Um, I know there's no ads. Well, I assumed that it was taxes and how they were making money.
4:04 Caleb Hammer? Why? Why'd you assume this? I'm so confused.
4:07 Speaker 01 I don't know. I think I just did.
4:09 Caleb Hammer? Okay. So yes, you are gonna receive a tax form at the end of the year. You're gonna receive a form from Rover at the end of the year. So that you can use that, submit it in your tax returns and you will likely have to pay taxes. And I highly doubt there's anything you can write off.
4:25 Speaker 01 Okay.
4:26 Caleb Hammer? How much? It's fourteen hundred a month?
4:29 Speaker 01 Yeah, about that.
4:30 Caleb Hammer? Okay, I mean, you don't make crazy money, but it's like even still, there is the government wants their money. Let's be honest, it's gonna happen. I don't remember a savings account.
4:42 Speaker 01 Oh, yeah, so I actually, yeah, that's true.
4:47 Caleb Hammer? How are you gonna pay taxes? Even if they're little, how? What are you gonna do?
4:52 Speaker 01 I was getting grind it out, you know?
4:55 Caleb Hammer? That's not a.
4:57 Speaker 01 Like pick up more, like pick up more dogs.
4:59 Caleb Hammer? And then you owe more taxes next time.
5:01 Speaker 01 That's true, but then I'll have a plan in place.
5:03 Caleb Hammer? Why don't you have a plan in place now?
5:05 Speaker 01 Well, that's why I'm here.
5:07 Caleb Hammer? I'm starting. Shut the, that's what, that's what everyone says, that's the stupidest thing in the world. I'm asking you questions so I can figure out your life. I'm asking questions so I can figure out how you approach all this.
5:17 Speaker 01 Yeah.
5:17 Caleb Hammer? That's why I'm here is not a get out of jail free card. Stop with that.
5:21 Speaker 01 That's fair, hey? That's fair.
5:23 Caleb Hammer? Okay, how are you living on Austin, Texas? On three thousand nine hundred dollars a month? How do you feel? How do you feel with some of that should be set aside for taxes, but lots to say it's not. Cause we know you're not. Oh, you're a giggly thing, okay. It's okay, it's okay. How are you living in Austin?
5:43 Speaker 01 Um.
5:44 Caleb Hammer? How you feeling?
5:44 Speaker 01 I, I mean, I've done, I've done okay. Like, most of the things that I like doing are like outdoor activities, but I definitely do not have like a lot.
5:53 Caleb Hammer? Let's talk about survival and not what you do for fun. How are you living in Austin? How do you feel?
5:59 Speaker 01 Yeah, it's definitely tough. Like, it's, yeah, I need to, I need to either make more money or do a better job with what I have now.
6:08 Caleb Hammer? Why do they only have sixteen sixty one hit from payroll?
6:11 Speaker 01 For?
6:12 Caleb Hammer? In the last month? Hit your accounts? Unless there's a super secret account you didn't give us?
6:18 Speaker 01 Ah, that's.
6:18 Caleb Hammer? What's Apple Cash in a thousand dollars? What was that?
6:20 Speaker 01 Oh, that's dog walking.
6:22 Caleb Hammer? What was the Rover a thousand two hundred dollars?
6:25 Speaker 01 That's, so I, like, I have regular clients. So.
6:30 Caleb Hammer? So Rover's actually double, dog walk is actually double, two thousand?
6:34 Speaker 01 I didn't think it was that much, but.
6:35 Caleb Hammer? I don't know, I got a thousand fifty in from Apple Cash within the month. One thousand two hundred twelve from Rover.
6:42 Speaker 01 Yep.
6:43 Caleb Hammer? A payroll sixteen sixty one.
6:45 Speaker 01 Mm hmm.
6:46 Caleb Hammer? No, that doesn't line up with your twenty five hundred. Even double that doesn't line up with the twenty five hundred.
6:51 Speaker 01 Maybe I just did my math wrong.
6:52 Caleb Hammer? You don't know how much you make?
6:54 Speaker 01 No.
6:55 Caleb Hammer? Wait, what's your hourly rate again?
6:57 Speaker 01 Like seventeen fifty? And then.
6:59 Caleb Hammer? And you said you always work thirty hours a week?
7:02 Speaker 01 Well, like at the end, we get bonuses. That's what I mean. On the second paycheck, we get a bonus.
7:07 Caleb Hammer? Yeah, but this was a month's worth of statements. It's possible that maybe it was missed one by a day, but.
7:14 Speaker 01 So you're saying I make less than I thought or more?
7:15 Caleb Hammer? I don't know, dude. I'm asking you. For sake, I'm just trying to get the baseline, dude.
7:21 Speaker 01 Yeah.
7:22 Caleb Hammer? And we had transferred in from savings. So what was that? What you transfer in from savings to your checking? Eight hundred four.
7:30 Speaker 01 That might have been, wait, to pay. It just went into my checking.
7:35 Caleb Hammer? You put seven hundred in your savings and you pulled eight hundred. How do you not do this? So sad. Happen. I'm so confused. How, how do we have the?
7:43 Speaker 01 I'm sorry.
7:44 Caleb Hammer? Like, how are we on that level of a few weeks later?
7:48 Speaker 01 I really, I have no idea.
7:49 Caleb Hammer? Eight hundred dollars is not insignificant to you.
7:52 Speaker 01 I was probably paying my credit card bill.
7:54 Caleb Hammer? You put seven hundred in savings and took out eight hundred.
7:57 Speaker 01 I think I moved money around as I get it.
7:59 Caleb Hammer? Okay, oh, oh, oh, I, I want to ask this question. I, I roast people and it's fun and, you know, we get your consent and everything for it beforehand. Also, I want to ask you this out of just legitimate, genuine.
8:13 Caleb Hammer? Not as an insult.
8:14 Speaker 01 Okay.
8:15 Caleb Hammer? Are you dumb? No, I'm sorry. Like legitimately, are you not smart?
8:22 Speaker 01 I think I'm pretty smart.
8:24 Caleb Hammer? Okay.
8:25 Speaker 01 Just, I just don't, I don't have a great grip on my finances.
8:29 Caleb Hammer? Okay. Okay. How much do you think you spent in the month? Of course, you think you make a total of three thousand eight hundred or so. That's what you think. Maybe it's a little more or maybe it's a little less. What do you think you spent?
8:43 Speaker 01 Like, including rent and everything?
8:45 Caleb Hammer? Spent total, all the money, spent, spent, spent, spent, spent.
8:48 Speaker 01 Probably all of it.
8:50 Caleb Hammer? Okay, yeah, how about a number?
8:51 Speaker 01 Three thousand eight hundred.
8:52 Caleb Hammer? Okay, five thousand two hundred ninety four. What the fuck are you talking about?
8:55 Speaker 01 I did not realize that.
8:57 Caleb Hammer? Let me guess. That's why I'm here.
9:00 Speaker 01 I wasn't gonna say it. I was not gonna say that.
9:03 Caleb Hammer? Uh huh.
9:03 Speaker 01 But I really didn't know that.
9:04 Caleb Hammer? So what is going on in your life right now? I wanna know. We'll jump into these finances in just a minute or so. What is going on in your life? Cause you clearly have no knowledge about your situation. What you know? That's something we wanna, we obviously wanna help with and get you to a better place. But what is going on in your life right now surrounding all this? Best description possible that you can attest to?
9:32 Speaker 01 Yeah, so I think for me, I just moved here.
9:37 Caleb Hammer? Oh, really? From where?
9:39 Speaker 01 Yeah, from North Carolina.
9:40 Caleb Hammer? When?
9:41 Speaker 01 Um, about two months ago.
9:43 Caleb Hammer? Oh, shit. Okay.
9:45 Speaker 01 Yeah.
9:45 Caleb Hammer? That's a, okay, that's a big move. Okay, for why?
9:48 Speaker 01 So I have, I have friends in the area. I was just really excited about it. I've always loved Austin.
9:52 Caleb Hammer? Wasn't for a job?
9:53 Speaker 01 No, so I kept the same job. I transferred my job.
9:57 Caleb Hammer? You transferred to Looz?
9:58 Speaker 01 To Lulu's? Yes. Yeah. So I transferred from, actually, I started in North Carolina, transferred that job out to Australia and then transferred it to Austin.
10:08 Caleb Hammer? To Australia?
10:09 Speaker 01 Yeah. Yeah, I lived in Australia for about six months last year and then I.
10:15 Caleb Hammer? Well, hold on. Are you, are you not gonna? Do you move every six months?
10:19 Speaker 01 I, I, I stay mobile, but.
10:22 Caleb Hammer? Is the preparation and everything we do here not gonna be adequate because you're gonna move from here in four months?
10:27 Speaker 01 No, no, this time I'm, I'm settling down.
10:30 Caleb Hammer? Tell you get bored four months from now and see your dream life in New York City or something?
10:34 Speaker 01 No, see, I think I, I'm really excited about Austin. This is kinda where I wanna be, you know?
10:40 Caleb Hammer? Cause the friends?
10:41 Speaker 01 Yeah.
10:42 Caleb Hammer? That's why.
10:42 Speaker 01 Yeah.
10:43 Caleb Hammer? That could, that could be a good reason.
10:44 Speaker 01 Yeah, and, and I, I love music. I love like.
10:47 Caleb Hammer? Okay, we can get that a lot of places. Live music capital of the world. Sure, more live music venues per capita than anywhere else. Go ahead.
10:53 Speaker 01 Right, like I just, I love the area. I love being outside. The lake is awesome. I wanted to live in a city. I wanted to live in a city. I've never done that before.
11:00 Caleb Hammer? Every city has a city. Okay, so I'm just like, I'm just trying to like, why are you actually going to stay here? Friends, that's an actual real reason.
11:07 Speaker 01 Yeah, I really miss community, like in all my travel and like moving everywhere else. That was, that was tough for me.
11:14 Caleb Hammer? Yeah.
11:15 Speaker 01 So.
11:15 Caleb Hammer? Okay, so you just moved here. What's going on?
11:17 Speaker 01 In terms of.
11:19 Caleb Hammer? I asked what's going on with your life. That was the first thing you said.
11:22 Speaker 01 Yeah.
11:22 Caleb Hammer? I wanted you to resume that.
11:24 Speaker 01 Yeah. So, I mean, I just moved here. I'm settling in. Um, it's been great so far and right now I kinda just wanna get everything in line so I can keep living the life that I love.
11:36 Caleb Hammer? What is keep living the life that you love? Get everything in line?
11:40 Speaker 01 Yeah.
11:41 Caleb Hammer? But but you spend more money than you make, so you'd be going even further from the line. What is living the life I love? What are you trying to get to?
11:47 Speaker 01 Well, I I'm okay with living frugally, like in my day to day life.
11:52 Caleb Hammer? What are you talking about? No, you're not.
11:54 Speaker 01 Yes, I.
11:54 Caleb Hammer? I don't think you know what frugal is.
11:58 Speaker 01 Yes, I do. I mean, I really, I don't think I'm an extravagant spender and.
12:02 Caleb Hammer? You spent oh, five thousand two hundred when you think you bring in four.
12:07 Speaker 01 Well, I haven't so like I you recognize, yes, I move around a lot, but most of that is like for travel, for like fun things, that kind of thing, like.
12:20 Caleb Hammer? And I can't end up being an extravagant spender. Did you just hear the things you said? Do you not even know what words are?
12:26 Speaker 01 Yes, I do, but I just mean for me, that's what's important to like to travel, to see things.
12:32 Caleb Hammer? Then what the are you gonna do? There's no frugality in that. I mean, there could be if you're a nomad, but you're not. Not the way you spend. What are you talking about? You're going at one eighty. Do you not know what you're saying? Do you not wanna know what any of those things even are? Do you not know what things cost money?
12:46 Speaker 01 They do. I know they do.
12:48 Caleb Hammer? No. Then what do you mean then?
12:51 Speaker 01 But I still, I still want to like, okay, so starting out how I got, how I got this debt initially.
12:58 Caleb Hammer? Yeah, sure.
12:59 Speaker 01 I basically, so I was living in Colorado for four years.
13:04 Caleb Hammer? Sure, of course.
13:05 Speaker 01 As a ski bum.
13:06 Caleb Hammer? Yeah, I was. As a what?
13:07 Speaker 01 A ski bum. Like, I wasn't making much money. I was working at a ski resort, basically just doing all that. Didn't have any debt then. And then I decided that I wanted to move to Australia.
13:19 Caleb Hammer? Okay.
13:20 Speaker 01 So I could learn how to surf. Did that. And then I was like, you know what? Let's keep this party going. I wanna go to Asia. So then I spent about two months traveling around Asia, got my yoga teaching certification because because.
13:35 Caleb Hammer? The fuck are you on?
13:37 Speaker 01 Because I want to teach yoga.
13:39 Caleb Hammer? That's what you want your thing to be?
13:41 Speaker 01 Well.
13:42 Caleb Hammer? That's the passion.
13:44 Speaker 01 One of the things, yeah.
13:45 Caleb Hammer? What are the other things?
13:47 Speaker 01 Well, I'm mostly just, I mostly just work to live.
13:51 Caleb Hammer? Oh, my gosh.
13:52 Speaker 01 What?
13:52 Caleb Hammer? What, work to live? I, maybe, but you spend more. You're not working enough to live. Your life. So, let's talk about something every business owner fears. Running out of cash when you've got payroll to hit or a new project on the line. I've been there. When I started the show, managing cash flow was a straight up nightmare. Between payroll, new equipment, and scaling up my business, I always felt like I was on the edge. And that's why today's sponsor Relay is a game changer. Relay is an all-in-one business banking platform that helps you stay on top of your cash flow right from your phone. No account fees, no stress, no unnecessary bank trips. You can open up to 20 free checking accounts.
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15:17 Caleb Hammer? So, check out the link in the description and claim the $100 signup bonus today. Let's jump back into the episode. That's not true. You go in debt to live.
15:25 Speaker 01 Yeah, I would like to avoid that. I mean, I already am.
15:28 Caleb Hammer? Why don't you?
15:29 Speaker 01 I know I already am, but...
15:30 Caleb Hammer? No, you're not. You're not avoiding that. What do you mean, no, you're not?
15:33 Speaker 01 No, I know I'm already in debt.
15:35 Caleb Hammer? So, why aren't you doing that, then? That's a great want. Usually, people that want something, do it.
15:41 Speaker 01 I'm trying.
15:42 Caleb Hammer? No, you're not. What do you mean? You spend 1,200 more than you bring in.
15:46 Speaker 01 Yeah.
15:47 Caleb Hammer? Smile all you want, that doesn't make it true.
15:49 Speaker 01 Yeah. I think I didn't realize how much money I was spending.
15:52 Caleb Hammer? No.
15:55 Caleb Hammer? That is the most obvious statement I've ever heard in my life.
15:58 Speaker 01 It's a wake up call for sure.
16:00 Caleb Hammer? Why aren't you doing it? You say you know you want to. You say you want to.
16:05 Speaker 01 Yeah.
16:06 Caleb Hammer? So why not then?
16:08 Speaker 01 Well, I work all the time.
16:09 Caleb Hammer? You work forty hours a week with both jobs combined.
16:12 Speaker 01 Yeah, well.
16:14 Caleb Hammer? You don't know what all the time is at a hundred sixty eight hours in a week. You work forty hours a week.
16:22 Speaker 01 Yeah.
16:24 Speaker 01 So.
16:24 Caleb Hammer? Do you have any point that has any kind of standing or is this all gonna be bull?
16:28 Speaker 01 It's not bullshit.
16:29 Caleb Hammer? That was bullshit and what you said before that was bullshit. So where's the non bullshit?
16:34 Speaker 01 Well, I'm just, I'm so I was doing a really good job.
16:38 Caleb Hammer? Uh, yeah, when, what did that look like?
16:40 Speaker 01 When I first came back from Australia, like I was living at home, but that's because I didn't really have any bills. Um, and then.
16:48 Caleb Hammer? We could all do well if we don't have bills.
16:50 Speaker 01 I know. And so that was good. So I, I like kind of got that in my corner and I was kind of like.
16:56 Caleb Hammer? Got what in your corner? No disciplines required for that.
16:58 Speaker 01 I know. That's true. That's true. I think.
17:04 Speaker 01 I just need to learn how to. Pay for the things. That when I say it out loud. Like pay for the.
17:15 Caleb Hammer? Do you hear any of the things you're saying out loud? This is all. Wild.
17:19 Speaker 01 I just mean, I just mean, it's like. I didn't, I really didn't realize I was spending so much money. And I was like, why credit card balance not going down?
17:28 Caleb Hammer? Are you kidding me?
17:29 Speaker 01 No, I'm not.
17:31 Caleb Hammer? Did you ask yourself that?
17:34 Caleb Hammer? When did you?
17:34 Speaker 01 Obviously not. Obviously not.
17:36 Caleb Hammer? So you didn't ask yourself, why is my credit card?
17:38 Speaker 01 Well, I did ask myself.
17:39 Caleb Hammer? When did you ask yourself that?
17:41 Speaker 01 Because I was like.
17:42 Caleb Hammer? When?
17:42 Speaker 01 Should I?
17:43 Caleb Hammer? When?
17:45 Speaker 01 Probably like. Two months ago.
17:47 Caleb Hammer? Why didn't you look at your documents then two months ago? This, that. Why didn't you look at your documents then two months ago?
17:53 Speaker 01 I was like. Well, I did look at them. I just looked at them.
17:57 Caleb Hammer? Then you would have found out. It tells you how much comes in, how much goes out.
18:01 Speaker 01 Yeah, but I just thought, I thought that I was like putting more money towards.
18:07 Caleb Hammer? What am I dealing with right now? What are you? No, that's not funny. That's not funny. That better be some cop laugh. Some copium.
18:18 Speaker 01 I just.
18:18 Caleb Hammer? What?
18:19 Speaker 01 I just didn't realize I was spending so much money.
18:22 Caleb Hammer? How many times are you gonna say that?
18:23 Speaker 01 I don't know. It remains true.
18:26 Caleb Hammer? But you could have looked because you asked yourself two months ago and you wanted to know two months ago and you could have found the out, but you chose not to.
18:32 Speaker 01 Yeah.
18:33 Caleb Hammer? And but we don't know why.
18:34 Speaker 01 Well, I've known about this debt. Like, I knew that this was gonna happen, like when I.
18:38 Caleb Hammer? What? Knew what was?
18:39 Speaker 01 When I decided to travel, I knew I was gonna put myself in debt.
18:42 Caleb Hammer? Okay.
18:43 Speaker 01 And.
18:43 Caleb Hammer? You weren't traveling two months ago, though. Where are you? You got here and then you asked yourself, why is it not going down? And then you didn't look at a number?
18:49 Speaker 01 Okay, so I guess it was more than two months ago, but I wasn't, I wasn't really facing the realization like, oh.
18:55 Caleb Hammer? Were you working in Australia?
18:57 Speaker 01 Yes.
18:57 Caleb Hammer? Oh, to Lulu.
18:58 Speaker 01 Yeah.
18:58 Caleb Hammer? Okay. What is that? Your career? I mean, it's okay if it wants to be.
19:02 Speaker 01 Well, not forever.
19:04 Caleb Hammer? What are you gonna do? You're twenty six.
19:06 Speaker 01 Yeah.
19:07 Caleb Hammer? What do you want to do? What have you done? Do you have college? Do you have what?
19:10 Speaker 01 Yeah, I did go to college. I.
19:12 Caleb Hammer? Did you graduate college?
19:13 Speaker 01 Yeah, I have my bachelor's and my master's in economics.
19:16 Caleb Hammer? What the, what the? No way.
19:22 Speaker 01 Yeah, so.
19:25 Caleb Hammer? Then this, are you?
19:29 Caleb Hammer? From, it doesn't even matter from where. Did they not teach you? What is happening? You graduated and with a masters?
19:38 Speaker 01 Yeah.
19:38 Caleb Hammer? Guys, if you think your qualifications only come from a degree, watch this episode. I know, I like, what the, like, do, but you don't know how to budget?
19:50 Speaker 01 Apparently not.
19:51 Caleb Hammer? You don't want to do anything with that?
19:52 Speaker 01 I do. I do. It's really hard right now to find a job.
19:57 Caleb Hammer? What do you mean?
19:58 Speaker 01 Like, I've been applying. I've been applying for.
20:00 Caleb Hammer? Two?
20:02 Speaker 01 What?
20:03 Caleb Hammer? Two?
20:03 Speaker 01 Two, like analyst positions, consulting positions, like literally.
20:10 Caleb Hammer? Could hire you as a consultant.
20:11 Speaker 01 I've been on LinkedIn. I have been on LinkedIn.
20:14 Caleb Hammer? Well done. Okay.
20:18 Speaker 01 But I have been looking.
20:19 Caleb Hammer? I don't know. How, okay. How many jobs do you apply to a week?
20:23 Speaker 01 Usually like six a week.
20:24 Caleb Hammer? Okay, so it's not even close enough. That's not enough a day.
20:27 Speaker 01 Really?
20:28 Caleb Hammer? Kidding me? You not, do you not know how competitive? People want these jobs. Are you kidding me? You think six a week is gonna get? What? Are you serious?
20:35 Speaker 01 How many should I be applying for?
20:37 Caleb Hammer? Minimum six a day.
20:38 Speaker 01 A day?
20:39 Caleb Hammer? Ten a day. What are you talking about? Do you want a job or not?
20:42 Speaker 01 Yes.
20:42 Caleb Hammer? No shit. You gotta put in the work. Show me your resume.
20:45 Speaker 01 My resume?
20:46 Caleb Hammer? Show me your resume. It's the word I just said.
20:48 Speaker 01 Okay.
20:49 Caleb Hammer? Guys.
20:51 Caleb Hammer? If you want better value for money than apparently an economics degree and you actually want to learn something, our budgeting, investing, and our debt class are all bundled together at twenty five percent off. Make sure you guys check that out. Better value and you'll actually learn what the do with money.
21:08 Speaker 01 I don't have one that actually has all of my. Okay, I'll show you.
21:12 Caleb Hammer? Then are we surprised we're not getting a job if you don't have a resume that shows all your?
21:15 Speaker 01 I do. It just doesn't have everything on it. Because you can only do one page.
21:21 Caleb Hammer? Okay. All right, let's take a look.
21:24 Caleb Hammer? So it's.
21:26 Caleb Hammer? From Clemson. Okay.
21:28 Speaker 01 Go Tigers, baby.
21:29 Caleb Hammer? LPL Financial Remote Junior Economic Consultant. So we had something.
21:33 Speaker 01 Mm hmm.
21:35 Speaker 01 And then before that, I was in like. Well, actually, at the same time, I was only doing contract work for LPL. And then during that time, I was also doing. Like.
21:45 Caleb Hammer? Okay. Analyze financial data, generate reports, and then collaborate.
21:51 Caleb Hammer? Avid exchange.
21:52 Speaker 01 That was a long time ago.
21:53 Caleb Hammer? Intern somewhere. Yeah, I mean, the. Hmm. It's not really showing your skills very well is the thing. Um, and like Lululemon, I get it. I mean, it's showing that you're at least having something after that made twenty twenty three.
22:08 Speaker 01 Yeah, and I have another, but.
22:10 Caleb Hammer? But this is like, I hate this. This is like demonstrated problem solving abilities in a fast paced environment. Lululemon, if I, I, I hire people, you know, we have like a thirteen person team now. I hire people. If I saw that, I'd chuckle. I'm chuckling right now. Ha, ha, ha.
22:23 Speaker 01 Well, I have to pay bills and I have to.
22:25 Caleb Hammer? But it's just, I know, I get it. It's just like, it's not demonstrating anything. I would try to thicken up maybe that LPL and really.
22:32 Speaker 01 Take the bullet points off of.
22:33 Caleb Hammer? Well, not necessarily. It's just like, it feels like a waste of a bullet point because seeing demonstrated problem solving at Lululemon, this is like.
22:41 Speaker 01 Well, I already have this big gap in my resume because like I said.
22:44 Caleb Hammer? No, just figure out the. If you, listen, AI is not 100% great for a lot of things right now, but it'll at least give you the language oftentimes that are scanned through resume systems. So you can figure out the words and things you just need to have in here to get in touch with the recruiter in the first place.
23:00 Speaker 01 Yeah.
23:00 Caleb Hammer? So it's just like, I don't know, you could probably just fill these with more algorithmic enticing language.
23:09 Speaker 01 Yeah.
23:11 Caleb Hammer? Ah, cuz it does feel like a pretty mid resume. It's not horrible. Don't get me wrong.
23:14 Speaker 01 I thought it was good.
23:15 Caleb Hammer? Ah, it's okay. So I wouldn't really know what I'm getting from you.
23:19 Speaker 01 That's true.
23:20 Caleb Hammer? At least with this. I mean, you have a whole story at the top. Let's see. Looking to work with advanced tools like Google Sheets. Okay. Wow.
23:32 Caleb Hammer? Great.
23:33 Speaker 01 Well, I can code.
23:35 Caleb Hammer? Glad we focus on Google Sheets then.
23:37 Speaker 01 So take that off.
23:38 Caleb Hammer? Not necessarily. This is how you constructed it, dude. It just reads silly. Okay, sure. I, I, what, the, the stuff on the right with your skills, with the data analyst and the programming, the software and research you can do. That's pretty good.
23:51 Speaker 01 Yeah.
23:52 Caleb Hammer? That's pretty good. I don't know. The rest, I would really beef up that, the actual relevant job of what you're trying to apply into. Instead of having like, I don't know, especially the, I mean, the internship, it's okay. It shows past experience, but
24:03 Speaker 01 Yeah.
24:03 Caleb Hammer? Says, I want, I want to beef up what you're currently working on.
24:05 Speaker 01 Sure.
24:06 Caleb Hammer? And that thing at the top was so long. Okay.
24:08 Speaker 01 My summary?
24:09 Caleb Hammer? Yeah. Okay.
24:12 Caleb Hammer? Yeah, it was almost like a cover page, cover letter.
24:15 Speaker 01 I have that too.
24:16 Caleb Hammer? Oh, as you should, and curated to the business in a more competitive market. That's fine. And obviously more than six jobs a week. Make sure it's curated for the job you're looking for and that it's being able to run through those algorithms.
24:26 Speaker 01 Six a day is crazy.
24:28 Caleb Hammer? Do you want a job? You want to work in retail for the rest of your life? Well, it's not a bad thing if you want to. I don't care. But it sounds like you want a job.
24:36 Speaker 01 I do love my job, but.
24:37 Caleb Hammer? So maybe you should do something about it and be an adult. I don't know. Okay. Self-assess. Where do you think you are today? Zero to 10. Zero being the absolute worst, 10 being the absolute best financially.
24:47 Speaker 01 Five.
24:47 Caleb Hammer? I'm gonna burn this building down. I do. What?
24:51 Speaker 01 I'm like, not that bad.
24:53 Caleb Hammer? I'm gonna just ruin everything.
24:55 Speaker 01 It's not that bad.
24:56 Caleb Hammer? Are you stupid?
24:57 Speaker 01 It's not that bad.
24:58 Caleb Hammer? You spent a thousand two hundred dollars more than you make. I don't know what you're talking about. And that's a substantial percentage. It's like an extra 20%.
25:08 Caleb Hammer? What the are you possibly talking about? This is huge for financial audit for a year now. My team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space online. We have our budgeting program where I teach you how to create, manage and revolutionize your budget and control your money. And then there's the investing program where I teach you to define what investing profile applies to you and your life. And then teach what specific investing strategies applies to you in that situation. And now finally, we have our debt program where I teach you the best ways to pay off debt, manage debt and even take advantage of good debt. This has been a revolutionary project that we've been working on for over a year now.
25:52 Caleb Hammer? And just like over 10,000 people who've already taken our educational programs, you can now take advantage of all three of them bundled together at a 25% discount. I've heard from thousands of people now who've taken these classes and they've literally changed their lives for the better. And finally, you can too at a more affordable price. Head to Calebhammer.com or click the link in the description below. You will not regret this. If you want to be real about your life and get your own Hammer Financial Score and tell your real score. You can check that out, link in the description below. It's free. If you want to come on the show and you're not a complete dumb, go to Calebhammer.com/apply. Sorry, that's just so stupid. Not that bad. What's not that bad? What's not that bad? I don't get it. What's not that bad?
26:36 Caleb Hammer? Here's a giant credit card with interest accruing. Oh, good. Oh, good. There's fees. Oh, you know what? The fees are enough. We better go ahead and purchase $2,612 essentially more than we make from our day job in a single month on a card that's accruing interest and getting damn fees. Does that make sense? Are you stupid? What? Eight dollars, four cents. Nine. Eight. Oh, am I getting old?
27:06 Caleb Hammer? Eighty or ninety dollars of interest. I don't know. I think a line smudged, but then two thousand, six hundred, twelve dollars of purchases, also known as more than, comes in from Lu Lu Lemon.
27:18 Speaker 01 Yeah, well.
27:19 Caleb Hammer? With the two hundred and fifty-six dollar a month, the minimum monthly payment, meaning you have to work Rover, or else you can't pay it.
27:27 Speaker 01 I think that like a couple hundred of that is, I have like a doctor's appointment.
27:33 Caleb Hammer? Uh huh.
27:34 Speaker 01 And.
27:35 Caleb Hammer? What's your health insurance situation?
27:37 Speaker 01 I have insurance.
27:39 Caleb Hammer? Uh huh.
27:40 Speaker 01 I pay about, well, I have, what's the marketplace one?
27:44 Caleb Hammer? Uh huh.
27:44 Speaker 01 I pay about three dollars a month, so.
27:46 Caleb Hammer? Three, what's your co-pay? What's your deductible?
27:49 Speaker 01 It's probably pretty high.
27:52 Caleb Hammer? What was your appointment? What is it? A brain scan?
27:55 Speaker 01 No, it was, it was to check my hormones.
27:58 Caleb Hammer? What did they find out?
28:00 Speaker 01 Um, I have a genetic mutation, but my hormones are fine. But that my mom paid for because she was, um, she was concerned. And so I didn't have to pay for that. And so maybe that's where some of the money came in too. That's where I was going with that.
28:16 Caleb Hammer? Five thousand, four hundred, twenty-one dollars and eighty-three cents is owed on here with a minimum monthly payment of two hundred fifty-six dollars and twenty-eight cents.
28:26 Speaker 01 Yeah.
28:27 Caleb Hammer? These purchases are insane, insane. You are not a credit card person. You are not even close to a credit card person. You're allowing fees and interest to accrue, yet you spend more than you make from your day job in one month on here. Are you kidding me? You need to use something like the Fizz Card. It's meant for people like you. Anyway, it's, the benefits are catered more to, um, you know, younger adults like us. So use it. It's a debit card that builds credit because I'm sure you care about credit. Every line, there's so many line items and it's all, what are you getting from the Salvation Army? What are you getting?
29:06 Speaker 01 Well, I told you I just moved here.
29:07 Caleb Hammer? Uh huh.
29:08 Speaker 01 So I had to furnish my apartment.
29:10 Caleb Hammer? Why is everyone saying had to? When I'm.
29:12 Speaker 01 Sit on the floor.
29:14 Caleb Hammer? Sure. When I moved here, I had a cheap air mattress. When I moved to Austin, trying to get out of debt, trying to make it, I literally had a cheap air mattress that I slept on that was popped halfway through for six months. Three months it was popped. So I inflated before I'd go to bed and luckily, uh, after I fell asleep, about an hour later it would deflate, but I was asleep, so it didn't matter.
29:35 Speaker 01 I bet women love that.
29:36 Caleb Hammer? Well, I had a roommate, so we stuck to my car. At the time.
29:43 Speaker 01 But yeah, so I do love to thrift. That's probably my biggest vice.
29:46 Caleb Hammer? Oh, it's thrifting. For sake, twenty-eight dollars there.
29:52 Speaker 01 Well, I don't wanna say my biggest vice, but yeah.
29:54 Caleb Hammer? It's your biggest vice.
29:55 Speaker 01 Travel.
29:58 Caleb Hammer? Apple bill, some in-app or a subscription or gems, who the? Rockin' something. Amazon, Amazon, Alamo Giraffe House, Ruby Tide Kitchen, Ruby Tide Kitchen, Spotify. You're spending a thousand two hundred dollars more than you make a month. Maybe you should use a free platform like YouTube. Eureka, car wash, great. You live in Austin. It's not sandy. It's not snowy. We don't get the salt.
30:22 Speaker 01 What?
30:23 Caleb Hammer? Don't drop a bucket of water on your damn car.
30:26 Speaker 01 I drove my car across the country.
30:28 Caleb Hammer? Where's across the country from North Carolina? You don't know what a cross means. You're halfway there.
30:35 Caleb Hammer? McDonald's, more thrifting, Dollar Tree. Amazon, Denada. I like Denada. Place is good. Yeah, you can't afford it. I can. Sandy's Hamburgers. American air, oh, for. Seventeen hundred, seven, seven, seven hundred and seventeen dollars. Would you go? What are you going? What are you doing? Is that first class? Where are you going? There's so much. What? That's not funny. You're yourself. What are you talking about? Hey, guys, the big expense out here is a medical thing. It's American airlines. It's American. What?
31:11 Speaker 01 I'm going to Switzerland.
31:13 Caleb Hammer? Oh, my. When? When? This is not funny. Shut the up.
31:20 Speaker 01 In January.
31:22 Caleb Hammer? Your life is on the line here dude, and it's clearly all a joke to you. You don't give a
31:29 Speaker 01 I do.
31:30 Caleb Hammer? No you don't. You're laughing through this like it's all a joke. Ha ha, I'm destroying my life. Giggle, giggle.
31:36 Speaker 01 No, I'm going to, I'm going to Switzerland in January for a ski trip.
31:41 Caleb Hammer? Cancel it!
31:43 Speaker 01 No.
31:46 Speaker 01 It's cheaper to go there, it's cheaper to go there than it is to go to Colorado.
31:49 Caleb Hammer? It's cheaper to not do any of it, you dumb human.
31:53 Speaker 01 Yeah.
31:56 Speaker 01 Yeah, but.
31:56 Caleb Hammer? What do I do here then? What do I do here then? You don't make money, you just spend a thousand dollars and I know you're gonna spend more than that on this thing. What am I gonna do? You're not willing to sacrifice, you're not willing to sacrifice your biggest vice? You're not willing to sacrifice? You go into doing this thing, what am I supposed to do here? What am I supposed to do? What could I possibly do? What could anyone do? What could the producer do? Who, what could Lindsay do who's talking to you? What could Jake do who's making the spreadsheets? Whatever the editor is gonna do? What could we possibly do? What could anyone do? You're not willing to cancel your shit that you want the most. What could anyone do? You don't care, you're selfish.
32:29 Speaker 01 I do care.
32:30 Caleb Hammer? No you don't, you're not willing to cut the biggest thing. What are you talking about?
32:34 Speaker 01 Well, I think, I think if I, I can just save.
32:38 Caleb Hammer? Save? You spent a thousand two hundred dollars more than you make. What money are you saving?
32:42 Speaker 01 Because I, because I booked that trip.
32:45 Caleb Hammer? It's seven hundred dollars. What's bigger, a thousand two hundred or seven hundred?
32:50 Speaker 01 That's, I mean, obviously a thousand two hundred, but I mean, it's not, I'm not doing that every.
32:54 Caleb Hammer? You have a master's degree in economics, you're not stupid.
33:00 Speaker 01 Thank you for saying that. I just mean, that's not.
33:02 Caleb Hammer? Then stop acting it.
33:04 Speaker 01 That's not happening every month though. I'm not doing that every month.
33:06 Caleb Hammer? It doesn't matter, it doesn't matter. Do you not understand that a thousand two hundred dollars is more than seven hundred dollars on a monthly basis? Do you not understand that? You don't have to do this for you to spend more. You don't have to do this for you to spend more.
33:20 Speaker 01 But I wanna go.
33:22 Caleb Hammer? I, whoa, what the do I even say to that? What do I even say to that? What? What do you want?
33:32 Speaker 01 Well, I mean, I'm
33:33 Caleb Hammer? I am ready to just send you away. What do you want me to do?
33:41 Speaker 01 It's gonna be awesome.
33:44 Speaker 01 Because I can cut back in other areas, like
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34:50 Speaker 01 But I'm not gonna spend any more on it. I've already, like, I'm not gonna spend any more on it.
34:54 Caleb Hammer? What do you mean, you're not gonna eat when you're there?
34:55 Speaker 01 Yeah, I'm gonna eat when I'm there, but not like crazy. I'm not gonna eat like at the resort.
34:59 Caleb Hammer? What do you mean, you already eat like a fiend?
35:03 Speaker 01 No, I don't.
35:04 Caleb Hammer? Kind of, you eat out like crazy?
35:06 Speaker 01 What's crazy?
35:08 Caleb Hammer? I don't, no, I don't know. I called out all these restaurants on the first statement.
35:12 Speaker 01 Well, I just moved to Austin, that's why I went to Denada, that's why I went to the
35:16 Caleb Hammer? Oh my, what the?
35:19 Caleb Hammer? Oh, for sake. Why do, how are there, oh my gosh, if this show has exposed anything to me, it's just how many people like you are out there? How have we survived as like a species legitimately? How? And you're the qualified individual to speak on economics? How have we done this? How have we done this? How have we made it? Oh my. This is insane.
35:46 Speaker 01 I didn't think it's that bad.
35:48 Caleb Hammer? I don't know how to respond to that. I don't know how to respond to any of this. What do you want me to say? These statements.
35:54 Speaker 01 Yeah, I know.
35:55 Caleb Hammer? But I have fun. No, I'm not gonna, I'm not gonna spend any more money on it.
36:01 Speaker 01 I'm not.
36:02 Caleb Hammer? You're gonna eat.
36:03 Speaker 01 Yeah, I'll go to the grocery store.
36:05 Caleb Hammer? You're not though. I know how you survive.
36:08 Speaker 01 No.
36:08 Caleb Hammer? You're gonna be. I just got to Austin. I have to go to Dinara. I just got to Switzerland. I have to go to.
36:18 Speaker 01 No. That's not gonna happen.
36:23 Speaker 01 I'll go to the grocery store.
36:24 Caleb Hammer? No, you won't. You won't even know how to survive. This is all gonna be fish and bread.
36:29 Speaker 01 I'm okay with fish and bread.
36:33 Caleb Hammer? So what happens when you take nothing seriously?
36:35 Speaker 01 I'm taking it seriously.
36:36 Caleb Hammer? No, you're not. Shut the up. I'm done with you. Hey. Gosh, McDonald's, more threatening Dollar Tree, Amazon, Dinara's and his hamburgers. Oh, there's the American Airlines. Right. Terry's Black Barbecue, worst barbecue in Austin.
36:52 Speaker 01 Really?
36:52 Caleb Hammer? Okay, third worst barbecue in Austin.
36:54 Speaker 01 Wait, what's the best?
36:56 Caleb Hammer? Best?
36:56 Speaker 01 Yeah.
36:57 Caleb Hammer? Methaway La Barbecue.
36:59 Speaker 01 Okay.
36:59 Caleb Hammer? Ruby Thai Kitchen, Lululemon, eighty-two dollars. You work there. You, what you, that, that, that, what is that? You have to work whole shift to get that? What are you getting? Are you getting booty shorts? What are you doing? Gotta show off for all the, the, the new Austin dudes on the hiking bike? Gotta get out there, show off them glutes? That's what I do. I get out there and I'm like, ew. Everyone, look at me. I got my little Lululemon.
37:22 Speaker 01 Well, I guess I didn't need, but I wanted a new sweatshirt and.
37:28 Caleb Hammer? Yes, for the ninety-degree October day.
37:32 Speaker 01 Well, it's about to cool off. It's about to cool off.
37:35 Caleb Hammer? That's what they say.
37:36 Speaker 01 Yeah.
37:38 Caleb Hammer? Why'd you move here? Why?
37:40 Speaker 01 Why?
37:41 Caleb Hammer? If you don't want the heat. Shut up.
37:42 Speaker 01 I do like the heat.
37:44 Caleb Hammer? You just cross your fingers. Charlie's Philly Cheese Stakes, great shirts.
37:48 Speaker 01 Oh, yeah.
37:49 Caleb Hammer? Oh, good. Another fifty dollars from Lulu. What'd you get? What'd you get? Get a little sweatpants for your sweatshirt?
37:55 Speaker 01 Honestly, yeah.
37:56 Caleb Hammer? Really?
37:57 Speaker 01 Yeah.
37:58 Caleb Hammer? Amazon, twenty dollars, fifteen dollars, ten dollars sweatpants. They're fine. They're good.
38:03 Speaker 01 Yeah.
38:04 Caleb Hammer? They're pleasant. I wear them.
38:07 Speaker 01 I just love it.
38:08 Caleb Hammer? See, how do I legitimately, how do I interact with that? Are you, what are you doing right now? How do I react to that? How do I interact with that? Are you incapable? Do people go on dates with you? How do they have conversations? Or have you ever, has anyone ever enjoyed being around you? What are you?
38:27 Speaker 01 I would hope so.
38:28 Caleb Hammer? I don't think so. You're impossible. You can't have a conversation. Have you ever had a serious conversation in your life? Have you ever had a discussion with a significant other? How do, how do they present things? I don't like this little thing that you do, but I like it. Oh, wow. How do people get through to you? How have you survived? I have no idea. You are a creature. I don't know. I don't know. I don't know how to do this conversation. I usually know how to navigate most of these conversations. I don't know what to do with you. I don't know what to do with you.
38:59 Speaker 01 Well, I think, well, that is part of the reason why me and my last significant other broke up.
39:13 Caleb Hammer? Why? Because you couldn't listen to him?
39:15 Speaker 01 No, because I move a lot.
39:17 Caleb Hammer? That's not what I even mentioned there. You are, you can't listen. You can't listen, and that's probably actually why. You kidding me? Oh. What do I have to be the one in the chair today?
39:35 Caleb Hammer? I hate this. What?
39:37 Speaker 01 That bad.
39:38 Caleb Hammer? Yes, this is miserable. You're impossible to get through. I have the biggest blessing in the world to have this job, but legitimately, this is miserable. You are impossible to talk to. You have no breakthrough. You are a brick wall of dumb.
39:56 Speaker 01 I'm trying.
39:57 Caleb Hammer? No, you're not. Don't use that word. You don't know what the word try means. You've never heard of that word. It's the first time it's ever come out of your mouth and you don't even know what it means.
40:08 Caleb Hammer? I don't know what to do.
40:09 Speaker 01 No, I it's not that. It's not that. Obviously, I've thought about it. Obviously, I've thought about it. I'm trying to take action.
40:15 Caleb Hammer? But you're not. I'm so confused. You don't know what the word try means. Trying to trying to make action? No, you're not. It's not reflected in these statements. I don't I don't get it. Listen. You have pay overtime, pet boys and D H L stuff.
40:33 Speaker 01 Oh, yeah, actually. So.
40:35 Caleb Hammer? Well, not D H L. It's done. About pet boys. Okay, and then you've had interest this year, basically eight hundred dollars from one card.
40:43 Speaker 01 Of interest?
40:43 Caleb Hammer? Are you kidding me? You don't know how to look at a statement? You you said you looked at your documents two months ago. Are you kidding me? Are you kidding me? Go through our budgeting program immediately. I need you to go through a budgeting program on our debt program. It's not even an option. It's not even an option. I'll lock you down and make sure you watch that. Take the quizzes. You don't you didn't you didn't know? You didn't know? How did you not know?
41:07 Speaker 01 I don't know.
41:08 Caleb Hammer? And twenty four dollars of fees. Okay, what was your fee? What was your fee? You had a plan fee. You had a plan fee. That's what it was. Probably for the financing.
41:15 Speaker 01 Wait, what?
41:17 Caleb Hammer? What?
41:18 Speaker 01 What did I finance?
41:20 Caleb Hammer? Pet boys.
41:21 Speaker 01 Oh, yeah.
41:22 Caleb Hammer? The one we talked about two seconds ago?
41:24 Speaker 01 Sorry.
41:24 Caleb Hammer? Uh huh.
41:26 Speaker 01 I thought I paid that off, though. Apparently not.
41:29 Caleb Hammer? Four hundred seventy two dollars left on it. A substantial number.
41:33 Speaker 01 Okay.
41:33 Caleb Hammer? You should not look at your documents. You lied. Oh, my gosh. Okay. I love the city double cash card. You
41:41 Caleb Hammer? abused it.
41:43 Speaker 01 I did a balance transfer because I thought that I was gonna be able to.
41:47 Caleb Hammer? Oh, she did it. You did the thing. You did the thing. You did the thing. You did the thing. You did it.
41:57 Speaker 01 I'm not supposed to do that? Oh, that's good.
41:59 Caleb Hammer? Where'd you balance transfer from?
42:01 Speaker 01 Because.
42:02 Caleb Hammer? Where?
42:03 Speaker 01 Where?
42:03 Caleb Hammer? Did you balance transfer?
42:04 Speaker 01 From the Chase card.
42:05 Caleb Hammer? Uh huh. What did you bring the balance down to on your Chase card when you balance?
42:09 Speaker 01 Initially, I think it was like double what's on there, probably like.
42:15 Caleb Hammer? You brought it to double what's on?
42:17 Speaker 01 No, no, no. So it was double on the Chase card.
42:21 Caleb Hammer? Hey. When you transferred from Chase to Citi, what was the remaining balance on the Chase card?
42:29 Speaker 01 I think like forty five hundred.
42:31 Caleb Hammer? Really?
42:32 Speaker 01 Yeah.
42:32 Caleb Hammer? So you've actually brought it down? Nope, you brought it up. Nevermind, nevermind. I forgot what number you had. Great. So it didn't even matter. It didn't even matter. You transferred and then it went up. This is what they do. This is what everyone does. Unless you fix the behavior that actually got you there in the first place. Then it doesn't matter. Then it doesn't matter. You transferred, then you had more room to spend. So you spent. Because we have to travel, we have to spend, we have to go to Day Nada, just move it off, then have to go to Day Nada.
42:59 Speaker 01 I thought that I was gonna give myself time.
43:01 Caleb Hammer? Uh huh. How'd that go?
43:03 Speaker 01 Not well.
43:04 Caleb Hammer? Hmm.
43:05 Speaker 01 Not well, but I really, so I still have the 0% interest on that card. So I'm like, I can still, I'm still doing the minimum on that. And then I'm paying more than the minimum on the higher one. On the chase card.
43:19 Caleb Hammer? When was the last time you went on a date?
43:21 Speaker 01 Well, I just broke up with my boyfriend.
43:22 Caleb Hammer? When?
43:24 Speaker 01 Like two weeks ago.
43:25 Caleb Hammer? Oh, you haven't gone on a date. Sounds.
43:27 Speaker 01 No.
43:28 Caleb Hammer? Next time you do, report back to me. If he allows a second one. I want to know how these conversations go, how you interact with humans. Because this is insane, but I'm hoping it's only insane because it's about your finances. But I don't know, man, you got a personality. That I, I cannot, I cannot. Deal with.
43:49 Caleb Hammer? Great. Okay, so we are at $4,171.99.
43:53 Speaker 01 Yeah.
43:56 Speaker 01 Sometimes, sometimes for some of my flights, my dad will help me out. So it's not just me.
44:03 Caleb Hammer? You're like chubby boys?
44:05 Speaker 01 Me?
44:05 Caleb Hammer? Yeah.
44:06 Speaker 01 You can have someone in mind?
44:08 Caleb Hammer? Yes.
44:08 Speaker 01 Who's that?
44:09 Caleb Hammer? Okay. We'll bring you into the live stream and we have a chubby boy named New Brandon.
44:16 Speaker 01 Okay.
44:17 Caleb Hammer? And he, can we bring him in real quick?
44:21 Caleb Hammer? He's already mentally broken up with his girlfriend and he's gonna finalize it and he's ready to get back out there. And we can see what you guys look like and how you operate and.
44:34 Caleb Hammer? And yeah, and then we'll see if you're.
44:38 Caleb Hammer? Despicable to be around. We'll do that. Make sure you guys join the membership and we'll see. Brandon? Can you come in for a second? Hello?
44:50 Caleb Hammer? You willing to go on a date with this young lady in a livestream?
44:53 Speaker 02 Uh, yeah, sure. Why not?
44:54 Caleb Hammer? Okay, there we go. We'll make a plan. Okay?
44:56 Speaker 02 Cool. Nice to meet you.
44:57 Speaker 01 Hi, I'm-
44:59 Speaker 02 Brandon.
44:59 Caleb Hammer? Oh, right. All right. Let's come on. Everyone keep it in their pants. Go. Go to the bathroom, figure it out, Josh. For fuck's sake.
45:10 Caleb Hammer? That'll be fun. We'll do that in our membership. Make sure to join the membership link below. It helps fund the channel as ad rates are always up and down. Trust me, it helps us a lot. But we have a lot of fun things. It's where you can watch the post show as well. That's curious. This is actually gonna be, I, I, I am legitimate about this. This is a good test. So this is a good test. I want to see if you are, um, uh, if I can like, watch you have a conversation without wanting to punch something.
45:34 Speaker 01 Okay.
45:36 Caleb Hammer? Forty-two dollars. Find him handsome?
45:39 Speaker 01 Yeah. Nice smile.
45:41 Caleb Hammer? Good for Brandon.
45:43 Caleb Hammer? Okay. Well, we'll discuss this more in the post show. Well, let's get back to the finances. We, we goon in the post show. Here is finances. If I can make it. Yeah, it's a zero percent until...
45:57 Speaker 01 I think December.
45:58 Caleb Hammer? A year from now, essentially.
45:59 Speaker 01 Yeah, I like that card.
46:01 Caleb Hammer? What is that?
46:02 Speaker 01 Because it's a zero percent!
46:04 Caleb Hammer? Gosh, I'm sorry. I'm just being mean to you, but I do not like your personality. You are such a- What? There is no word to describe you. Hasn't been invented yet. I need, you're a bent. It's not a real word. I just made it up.
46:18 Speaker 03 Moist and bent. I'd love to see me tar at me.
46:20 Caleb Hammer? Because you qualify for that. You need a new word. You're a bent. You are a disgusting bent. Not disgusting, but you're a bent.
46:27 Speaker 03 Bloody peasant!
46:28 Caleb Hammer? Heinous bent.
46:30 Speaker 01 Heinous.
46:31 Caleb Hammer? I don't- No, there's no words for you. What is this? What am I looking at? What am I looking at this?
46:35 Speaker 01 That's Venmo.
46:37 Caleb Hammer? Okay, yeah, I know it's Venmo, but is this just your Venmo? Is this a Venmo? Credit card? What am I looking at?
46:41 Speaker 01 I was just- That's just my-
46:42 Caleb Hammer? Okay, who are you Venmoing? Who are you Venmoing? What are you getting? How tall are you?
46:46 Speaker 01 I'm five nine.
46:47 Caleb Hammer? Okay, Brandon's, I think, uh, five eleven, so it works.
46:50 Speaker 01 Nice.
46:51 Caleb Hammer? We're the same height.
46:53 Speaker 01 Um, one twenty.
46:57 Speaker 01 Oh, what did I send money for? Probably Uber's, probably, hold on, I can't read it when you're-
47:03 Caleb Hammer? Look at it then!
47:04 Speaker 01 Thank you. Oh, this is for the, this is for the, um, this is for the Switzerland trip. This top one. And then these, I think are Uber's or dinners.
47:15 Caleb Hammer? What, what, what for the Switzerland trip? What about it?
47:17 Speaker 01 Uh, our stay.
47:19 Caleb Hammer? Two hundred and five dollars? So, okay, so now we've gotten to almost a thousand. Has to be a thousand. I mean, you probably already spent something more, right?
47:25 Speaker 01 No, I haven't.
47:25 Caleb Hammer? You're probably gonna need a special little outfit for all the Swiss.
47:27 Speaker 01 I haven't. I have only bought the flight and I've bought, uh, where we're staying.
47:32 Caleb Hammer? You're gonna bring all your gear?
47:34 Speaker 01 Yeah.
47:35 Caleb Hammer? That's probably gonna cost money.
47:36 Speaker 01 Yeah, probably. Probably like three hundred bucks.
47:38 Caleb Hammer? Who are you looking? Look at me.
47:40 Speaker 01 Sorry.
47:41 Caleb Hammer? Brandon's not over there yet. Calm down.
47:44 Speaker 01 Yeah, it'll probably, I mean, I'm gonna, I'm planning to save a little bit for that.
47:48 Caleb Hammer? Oh. Well, here's the student loans for the degree we are incapable of using. Yeah?
47:54 Speaker 01 Yeah.
47:55 Caleb Hammer? They're all on deferment?
47:56 Speaker 01 Mm-hmm.
47:57 Caleb Hammer? Why?
47:58 Speaker 01 That's just what happened.
47:59 Caleb Hammer? Wait, when did you graduate?
48:00 Speaker 01 Uh, with my bachelor's, twenty nineteen, with my master's, twenty twenty.
48:07 Caleb Hammer? Okay, so you went to an income deferment so you could go f- round? You probably were like, "I make no money, please give me my income."
48:14 Speaker 01 No, I didn't put them in deferment.
48:15 Caleb Hammer? No, no, no, no, you probably put them on an income repayment plan.
48:18 Speaker 01 Yes.
48:19 Caleb Hammer? You're like, "Yes, I make no money because I wanna go travel the world, so please don't make me pay back the debt that I signed." That's great. I'm glad our resources are all being pooled for that. Wonderful.
48:28 Speaker 01 I am paying every month. I pay every month.
48:30 Caleb Hammer? Instead of people who are low income because there's literally no other option for them.
48:33 Speaker 01 I am low income.
48:34 Caleb Hammer? And they actually need, so you could travel!
48:36 Speaker 01 But technically, I am low income.
48:39 Caleb Hammer? Yes! So you could do Australia, and Asia, and Switzerland, and Colorado, and then North Carolina, and here! So you could do all this. You chose that. This is not meant for you. It's meant for people who cannot survive, which it should be.
48:56 Caleb Hammer? And now it's deferred because it's being challenged in court and I hope they strike yours down specifically. Just yours, the rest, it could go either way. I don't care. So I see the pros and cons.
49:09 Speaker 01 Wait, so. No, but I pay every month.
49:12 Caleb Hammer? No, you don't. There's.
49:13 Speaker 01 Yes, I do.
49:13 Caleb Hammer? Oh, hold on, maybe, hold on, but they're all, okay, well, you're be you're paying something that's not required because there's no due date. I don't think you, is she paying, do we have a statement? Is she paying?
49:22 Speaker 01 Yeah, it's in my, it's in my.
49:23 Caleb Hammer? Meh.
49:24 Speaker 01 It's not much, but.
49:25 Caleb Hammer? Meh.
49:27 Caleb Hammer? What that does is not, okay. Yeah. How much? How much you put towards it?
49:32 Speaker 01 A month?
49:33 Caleb Hammer? Mm hmm.
49:34 Speaker 01 I think maybe twenty six dollars.
49:39 Caleb Hammer? Probably are not required to. They're all in the firm right now because they're being challenged in court. They're.
49:42 Speaker 01 So I don't have to pay that?
49:43 Caleb Hammer? I don't know. Probably not. I would look before you don't. Is this another debt?
49:49 Speaker 01 No, that's my, wait, that might be my car loan. Nope, that's my checking.
49:53 Caleb Hammer? Whoa, whoa, whoa, hold on, hold on. Car loan?
49:58 Speaker 01 Yeah.
49:59 Caleb Hammer? We don't have a car loan. She didn't say anything about a car loan. We didn't know. You didn't tell us. There's nothing.
50:06 Speaker 01 Yes.
50:06 Caleb Hammer? No, and I would not trust you. You're not a reliable narrator. What's your car loan? For sake?
50:13 Speaker 01 Um, it's.
50:15 Caleb Hammer? Well, what's your car? Let's start there.
50:16 Speaker 01 Twenty nineteen Subaru Crosstrek.
50:19 Caleb Hammer? Okay, I can't picture that car. What? What's owed on it?
50:21 Speaker 01 I think about seventeen.
50:23 Caleb Hammer? Oh, for fuck's sake, that is, you can't afford that is.
50:30 Speaker 01 Okay.
50:30 Caleb Hammer? When'd you get this?
50:32 Speaker 01 Like two years ago.
50:33 Caleb Hammer? And what made you think you could afford this?
50:36 Speaker 01 Well, it's three hundred fifty bucks a month.
50:37 Caleb Hammer? Yeah, because you put the, they are making so much money off of you. Congratulations. You are lifting the American economy from the ground. That's what you use your economic degree for. So you could just lift up the American economy.
50:50 Speaker 01 I need a car.
50:51 Caleb Hammer? By stretching out your damn car loan, you needed a car. You didn't need a seventeen thousand dollar car loan. Two years ago, it was harder. Don't get me wrong, but either way, you stretch out your tone, your, your loan term so long, that way your minimum monthly payment could be lower. So it feels affordable, but your interest is just accumulating, accumulating, accumulating.
51:11 Speaker 01 Yeah.
51:12 Caleb Hammer? Just like your income based through payment on student loans, you're paying less towards it. Guess what? They accumulate even more because you're putting nothing towards it. What's your interest rate on here?
51:21 Speaker 01 I would not.
51:21 Caleb Hammer? How do you? Do you have credit?
51:23 Speaker 01 Maybe, maybe five.
51:25 Caleb Hammer? You don't know. Pull up your credit. Do you have credit karma on your phone?
51:28 Speaker 01 No.
51:28 Caleb Hammer? Great. Do you have it? How have you been able to survive that? Are you, are you supported by your parents or something? Have you? Oh, what is that face?
51:37 Speaker 01 No.
51:38 Caleb Hammer? No, that has like daddy's girl written all over it. You seem like a daddy's girl. Do your parents know about all this? Are they in your life? I don't know.
51:47 Speaker 01 Yes, yes.
51:48 Caleb Hammer? Do they know about this?
51:49 Speaker 01 They know. Well, yeah, they know like what I've been doing.
51:52 Caleb Hammer? Are their finances good?
51:54 Speaker 01 My dad's a financial advisor.
51:56 Caleb Hammer? Are you kidding me? Economic master's degree, financial advisor dad. What are we doing? We have failed. We're done. Drop the nuke. This is it. I want to give you free money right now. I've partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them. Check out my investing app of choice, Mu Mu, where they give you up to 15 free stocks and 8.1% interest on your uninvested cash when you sign up with my link. Do you want a more traditional savings account? Check out where I keep my emergency fund, SoFi, where they'll give you 4.5% on your money and up to $300. Would you rather have automated investing?
52:36 Caleb Hammer? Sign up for Acorns with my link and you'll get $20 right now instead of the usual $5 you'd get from your friend's referral. You can also sign up for our investing program and get $100 in cash deposited into your Mu Mu account. This is the best way to learn what your investing profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below, so don't pass up the free money because I'll punch you.
53:00 Speaker 01 But no, they're not supporting me. They pay, my dad, my dad pays for my phone bill.
53:04 Caleb Hammer? That's a little, okay, that's not crazy.
53:06 Speaker 01 And then, but yeah, no, it's, it's, it's just me.
53:10 Caleb Hammer? You have a roommate?
53:11 Speaker 01 Yeah.
53:11 Caleb Hammer? Okay, because there would be no other option for you. Uh, okay. Um.
53:20 Caleb Hammer? My producer said the only thing you ever said about a car was a totaled car. Do you have a totaled car?
53:24 Speaker 01 Um, no, I have totaled a car, but that was a while ago.
53:29 Caleb Hammer? Okay, you don't.
53:30 Speaker 01 That's why I had to get.
53:31 Caleb Hammer? And this, you're not a reliable narrator. This is impossible. You don't know what you're saying.
53:34 Speaker 01 No, I have this Subaru and then I.
53:36 Caleb Hammer? I know, you just didn't tell them correct information.
53:39 Speaker 01 And then, well, my parents still support me, but like if I'm having, if I'm having like a bad day or something, I just remembered. My, my dad will sometimes just.
53:49 Caleb Hammer? Bad day. What's a bad day?
53:51 Speaker 01 Why?
53:51 Caleb Hammer? Wah wah, daddy.
53:52 Speaker 01 No.
53:53 Caleb Hammer? Please daddy.
53:53 Speaker 01 No, not at all.
53:54 Caleb Hammer? Daddy, I said.
53:56 Speaker 01 It's like a gift. Think of it like a gift.
53:57 Caleb Hammer? Daddy, I just went on a date and he thinks I'm a crazy, so he's not going on a second.
54:01 Speaker 01 No.
54:02 Caleb Hammer? Please.
54:02 Speaker 01 No, you know, it's like you're talking to your friend and you realize, oh, like they're going through something or whatever and you get them a little treat. It's like that.
54:10 Caleb Hammer? Oh, for, okay. He gets you sweet treats. You have a sweet treat daddy?
54:14 Speaker 01 I guess so.
54:15 Caleb Hammer? What, when, how often, how much?
54:17 Speaker 01 Not that much.
54:17 Caleb Hammer? What?
54:18 Speaker 01 Maybe like once a month.
54:19 Caleb Hammer? What, what does he get you?
54:20 Speaker 01 Like a hundred bucks.
54:22 Caleb Hammer? Oh, that's a lot of money.
54:23 Speaker 01 No, it's not.
54:24 Caleb Hammer? Hundred bucks? You have no respect for the dollar. Hundred bucks? I could do a lot with a hundred dollars. I could get many a sweet treat with a hundred dollars.
54:31 Speaker 01 That's true. That's why he sends it.
54:32 Caleb Hammer? I got the entire office we treats today and delivered expensive, you know, and it was less than a hundred dollars. What are you talking about? A hundred dollars is a lot of money. What did, do, what?
54:41 Caleb Hammer? You have, what's your hourly rate? You creature? What is it?
54:46 Speaker 01 Seventeen fifty.
54:52 Caleb Hammer? You have to work almost six hours to get that. Well, and then after taxes, I mean, you probably have to work. Like seven, eight.
54:59 Speaker 01 Yeah.
55:00 Caleb Hammer? Gotta work a whole damn day just for that. And that's not a lot of money.
55:02 Speaker 01 It's helpful.
55:03 Caleb Hammer? I just don't like that you don't have respect for the dollar.
55:05 Speaker 01 I didn't mean it like that.
55:06 Caleb Hammer? Yes, you said, you said it's not a lot of money. What do you mean? What do you mean?
55:08 Speaker 01 No, it's a nice thing. It's a nice thing.
55:10 Caleb Hammer? Sure, but what else could that mean? I don't think that means anything else. I was gonna set you up with domain money. We set everyone up that we think could work the financial advisor to domain money. They're my financial advisors. They're great. I love them. You have a dad as a financial advisor. Talk to him. Does he know about your situation?
55:27 Speaker 01 Like that I'm in debt?
55:30 Caleb Hammer? What does he know about your financial situation?
55:32 Speaker 01 He knows. He knows that I'm in debt. He probably doesn't know the exact number.
55:36 Caleb Hammer? Does he know that you sent twelve hundred dollars more than you like on the aces?
55:40 Speaker 01 Probably not.
55:41 Caleb Hammer? Should we call him in the.
55:44 Caleb Hammer? Maybe we'll give them a call on the post show. Oh, for fuck's sake. Okay, so this is your checking account. Two thousand in there. It's not a, it's not a bad balance I have in a checking account. It's, it's not. Venmo, two hundred dollars out. Oh, was that for the?
55:57 Speaker 01 Yeah.
55:58 Caleb Hammer? Yeah.
56:00 Caleb Hammer? That's it? Oh, your checking account's not much. Okay, it's this money back and forth. So you only spend on the credit cards. A credit card that is accruing interest.
56:06 Speaker 01 Yes.
56:07 Caleb Hammer? Credit card that has fee. A credit card that is not even close to being paid off. A credit card that you spent more than what you make on a monthly basis. I think you can only spend on a debit card. You don't know how money works. You don't know how money works. I think you can't. I think you need to close your credit card.
56:23 Speaker 01 What?
56:23 Caleb Hammer? Yeah. Yeah?
56:25 Speaker 01 What about like the points?
56:26 Caleb Hammer? Do you think you got more than eighty dollars in points this last month? City Double Cash is two points on purchases.
56:34 Caleb Hammer? Purchase a thousand five hundred.
56:41 Caleb Hammer? Got thirty dollars in points, but it costs you eighty dollars in interest. The fuck are you talking about?
56:46 Speaker 01 I didn't know that.
56:47 Caleb Hammer? How are you alive? Closed what? What?
56:53 Speaker 01 My credit card?
56:54 Caleb Hammer? Yeah, you just, you, listen, you, you, you transferred it to another credit card. Your balance transferred. And then you racked it back up again.
57:02 Speaker 01 Yeah.
57:02 Caleb Hammer? You don't know how to manage. You can become a credit card person. You absolutely can be, but you need to prove that you can in like a debit account for at least like six months. You need to prove you have the discipline that you can budget, that you know what you're doing.
57:13 Speaker 01 Yeah.
57:13 Caleb Hammer? With your credit card, just over spending, you're destroying your life. It's allowed you to do the twelve hundred dollars more than you make on a monthly basis.
57:22 Speaker 01 Yeah.
57:23 Caleb Hammer? It gave you that ability. This looks like the first. Oh, well, there it is. Never mind. It looked like you were taking this seriously.
57:30 Speaker 01 No, I am. I am.
57:31 Caleb Hammer? Like it actually hit you. It looked like for a second.
57:33 Speaker 01 I didn't realize it's like.
57:35 Caleb Hammer? It came back the smile, the little like.
57:37 Speaker 01 That's just.
57:40 Speaker 01 I think I didn't realize, obviously, I didn't realize that I didn't have that money already. So I think I thought I was spending less than what I was earning.
57:50 Caleb Hammer? Vanguard, oh, wait, why is there twelve dollar, wait, what's happening?
57:56 Caleb Hammer? Do you not have enough money in here, so Vanguard's giving you a twelve dollar fee?
57:59 Speaker 01 What? No.
58:00 Caleb Hammer? Oh, there's a twelve dollar fee.
58:03 Speaker 01 Um, oh, probably because I just opened it.
58:06 Caleb Hammer? Okay, maybe.
58:07 Speaker 01 And also.
58:08 Caleb Hammer? On the may include record keeping administrative or purchase redemption fees.
58:13 Speaker 01 I also have a Roth IRA, I just couldn't remember the long in information.
58:15 Caleb Hammer? How much is on it?
58:17 Speaker 01 About twelve thousand dollars.
58:19 Caleb Hammer? Whoa, what? That you did, from where? Your, your parents had nothing to do with that?
58:27 Speaker 01 No, well, I mean, my dad invested it for me.
58:30 Caleb Hammer? Where'd you get the money from?
58:32 Speaker 01 I just, just put it in there, like I said.
58:35 Caleb Hammer? Where'd you get the money from? You spend more than you're making, you have debt, that doesn't make any sense.
58:37 Speaker 01 But it was a while ago.
58:38 Caleb Hammer? Wow, when's a while? Why'd you [__] your life since then? That all of a sudden is incredible.
58:44 Speaker 01 Yeah, probably like five years ago.
58:46 Caleb Hammer? When was the last time you contributed to it significantly?
58:48 Speaker 01 Significant, nah, it's been a while.
58:50 Caleb Hammer? So why were you in a better place at twenty-one than you are at twenty-six? What made you digress to a child?
58:57 Speaker 01 So, um, here's what happened.
58:59 Caleb Hammer? I decided to travel and hate everything, okay.
59:01 Speaker 01 No, I put about three thousand dollars in there when I first opened it, and then when I was working for another company, I had a 401K that was vested, and then I had to.
59:10 Caleb Hammer? That you contributed in the match?
59:11 Speaker 01 Yeah, and so then they my dad told me that it would be a good idea to roll it over.
59:18 Caleb Hammer? Once you were done with that job? Okay, that's a little different, because the match helps and it's, okay. Well, it's 401K.
59:26 Speaker 01 And I still, I still contribute to.
59:27 Caleb Hammer? What is this Vanguard for?
59:29 Speaker 01 That's my current 401K.
59:31 Caleb Hammer? Okay, it's pretty low, six hundred, seven dollars. What, what's, what's your percentage contribution?
59:36 Speaker 01 I think fifteen.
59:37 Caleb Hammer? Wait, when did you start? It's so weird that there's like this shiny little thing. And we didn't even know this, like, we don't have a document for you.
59:46 Speaker 01 Because I couldn't remember the password.
59:47 Caleb Hammer? Okay, cool, cool, cool, but like, I'm so confused how everything is so bad, yet there is this shiny little thing. This must be the financial advisor part of the dad, right?
59:55 Speaker 01 Yeah. Hey, I mean.
59:59 Caleb Hammer? Either way, it's not going to save you, though, if in your life outside of your investments are all you know, barely scraping by for that getting worse.
1:00:06 Speaker 01 Yeah. Um, I think that 401k started.
1:00:12 Caleb Hammer? Jake thinks you might need to get your PhD in economics in order to remember your passwords.
1:00:16 Speaker 01 That's my dream.
1:00:18 Caleb Hammer? No, it's not.
1:00:18 Speaker 01 Yes, it is.
1:00:19 Caleb Hammer? You can't teach people.
1:00:20 Speaker 01 Why? That is my dream.
1:00:23 Caleb Hammer? And you're gonna do what with that?
1:00:25 Speaker 01 Be a teacher, professor.
1:00:26 Caleb Hammer? Oh, good thing you don't not apply for jobs.
1:00:34 Caleb Hammer? Let's figure out if you have some wiggle room in this, this here budget. Let's make a budget. Okay, so income. We think we need to set some money aside from, um, uh, from that rover. We have to. So I'm setting 400 of that 1400 aside, okay?
1:00:48 Speaker 01 Okay.
1:00:49 Caleb Hammer? And it might not even need to be that much. Put it in a high-yield savings accounts like SoFi.
1:00:53 Speaker 01 A month?
1:00:54 Caleb Hammer? Yeah, of the 1400 that comes in.
1:00:56 Speaker 01 Okay.
1:00:56 Caleb Hammer? Well, especially since you need to play catch-up anyway, but as we're playing for, like, if there is a significant bill due, you know, we tried a budget for, or we, uh, get an extension and then we just pay it as soon as we can, but we're always saving up for this next year's taxes. It might be overboard for your income situation, but even still, because so much of it is contractor.
1:01:19 Caleb Hammer? If it's in a high-yield savings account and there's a little left over at the end of the year, great. You know, this is bonus, I guess. Not, not actually, but. So we're gonna do 3,500 to your income. Debt payments, okay. Six hundred seventy-four dollars and twenty-eight cents. That's insane. What's your portion of rent?
1:01:40 Speaker 01 One thousand one hundred.
1:01:42 Caleb Hammer? Your portion? Is how much?
1:01:45 Speaker 01 One thousand one hundred forty.
1:01:48 Speaker 01 Is that too much?
1:01:49 Caleb Hammer? For you? In this situation, your portion of utilities?
1:01:55 Speaker 01 It's all together, like.
1:01:56 Caleb Hammer? Come on, try. Oh, oh, okay, uh, all utilities? All utilities. You don't have a single extra payment?
1:02:03 Speaker 01 No.
1:02:04 Caleb Hammer? Okay. Renters insurance, is that included as well? You have that part of it? You don't, you don't need it in Texas legally, but you should get it.
1:02:12 Speaker 01 I don't have it.
1:02:13 Caleb Hammer? I'm putting an extra 15 bucks, okay?
1:02:14 Speaker 01 For renters insurance?
1:02:15 Caleb Hammer? Yeah, it's cheap, but get it. Your phone bill, you don't have to take care of it. When you do, use helium. It's the same towers as T-Mobile, fifteen bucks a month. I love them. They're great. They help people when they're trying to budget. Gas, vroom, vroom, drive, drive. How much on a monthly basis? Best guess?
1:02:32 Speaker 01 Probably two hundred dollars. That's it. That's generous.
1:02:36 Caleb Hammer? Sure. Car insurance?
1:02:37 Speaker 01 One forty.
1:02:39 Caleb Hammer? It's not horrendous. Necessary food, you can do three hundred dollars. Congratulations, you're only going to the grocery store. You're new and single. If you want to go out to eat, have someone else pay for it. Winky face, winky face. Okay, you know what I mean? I'm also kind of joking before someone gets offended, pearl clutches. TP fund, anything else you need? It's a hundred bucks. This could be makeup. This could be all the, you know, womanly necessities and, um, you know, everything else you need to survive. Okay, medical healthcare, anything, uh, required on a monthly basis? Copays?
1:03:11 Speaker 01 Yeah, I mean, I pay about sixty plus thirty, so about ninety dollars a month for medication.
1:03:19 Caleb Hammer? Okay. And then how much was it for your health insurance?
1:03:22 Speaker 01 Three dollars.
1:03:23 Caleb Hammer? So ninety-three?
1:03:23 Speaker 01 Mm-hmm.
1:03:24 Caleb Hammer? Okay, gym?
1:03:26 Speaker 01 Uh, that's covered by my work.
1:03:28 Caleb Hammer? You have any pets?
1:03:29 Speaker 01 No.
1:03:30 Caleb Hammer? I wouldn't yet, okay?
1:03:31 Speaker 01 I'm not.
1:03:32 Caleb Hammer? Good, why?
1:03:33 Speaker 01 Because I love walking dogs. Like, that's where I get my fix.
1:03:36 Caleb Hammer? Okay, okay.
1:03:36 Speaker 01 I know.
1:03:37 Caleb Hammer? Good, good, good. I just, I don't want you to in your financial position. It's expensive to properly take care of them. Anything else I need to put in your budget that I do not have yet?
1:03:46 Speaker 01 Not that I can think of. Maybe like an emergency fund. Is that what that, is that what that four hundred dollars is for?
1:03:51 Caleb Hammer? Uh, or four hundred, or four hundred.
1:03:53 Speaker 01 Oh, that's for taxes. Never mind.
1:03:56 Caleb Hammer? Yeah.
1:03:57 Speaker 01 Sorry.
1:03:58 Caleb Hammer? Yeah, it's, I'm sorry that it doesn't say Rover fee next to it.
1:04:04 Caleb Hammer? Couple months, two months, two months of that, go into a savings account, okay? So that you have some baseline in case something happens, okay? That'll get you about a thousand six hundred, okay? So your first two months is all into the savings account. Month number three, we are gonna start with...
1:04:24 Caleb Hammer? Wish we knew the interest rate on your car. We're gonna attack the Sapphire first. Well, actually, let's see how long that takes to pay off.
1:04:31 Caleb Hammer? That'll be about 5,300. No more spending on cards. Again, I would close them for you because you're just really not responsible.
1:04:39 Caleb Hammer? That takes six months to pay off. So we are nine months and the interest starts on Citi, but it's not back interest, I think. So with that, that's okay. So that takes six months to pay off and then the interest card is gone. And then we actually have an extra 250. So we're over 1,000. We're at about 1,100 left on a monthly basis. Then we have the Citi double cash, probably about 3,800 then. And we have 1,100. We pay that off in three and a half months.
1:05:07 Caleb Hammer? So we're at, we're gonna call it conservatively a year and one month. Okay?
1:05:12 Speaker 01 Okay.
1:05:12 Caleb Hammer? Your car payment, your, your, your car is too much. So I want to start making some progress on that. Your payment itself is not. We could probably minimum, minimum monthly payments on the student loans. Because they're probably at a low interest rate.
1:05:25 Caleb Hammer? Especially for when you took them out. Okay.
1:05:29 Caleb Hammer? Maybe we aggressively pay 7, 7,000 dollars down on that car, try to get it to about 10,000 dollars. Then we minimum monthly tell it pays off. So let's call it, we're going hard, we're going crazy for a year and a half. Okay? A year and a half. And then probably let's call it another half. So two years total because the second half of that second year, you're saving up your fully funded emergency fund, which is six months of your living expenses. Okay?
1:05:54 Speaker 01 Okay.
1:05:54 Caleb Hammer? So, two years. And you're actually in a good spot and then you're still like one year younger than, oh wait, no, you'll be my age. No. You'll be one year younger than me. So you still have a lot of life to live. Okay? You'll be 28 at that point. And you have a long time and we can start catching up on, your investments are still behind for your age. I am shocked by that little that came in with the Roth IRA. But what?
1:06:19 Speaker 01 I'm behind?
1:06:20 Caleb Hammer? You only have 15,000 dollars.
1:06:22 Speaker 01 Yeah.
1:06:22 Caleb Hammer? It's not gonna get.
1:06:25 Speaker 01 Compounding interest.
1:06:27 Caleb Hammer? Economic degree of work.
1:06:31 Caleb Hammer? Okay.
1:06:36 Caleb Hammer? Okay, so we start contributing twenty percent, okay? Twenty percent.
1:06:42 Speaker 01 Uh, my 401k?
1:06:44 Caleb Hammer? Retirement accounts in general, but sure, 401k.
1:06:46 Speaker 01 So I could do like five percent IRA, fifteen.
1:06:49 Caleb Hammer? I would at least take your match, whatever's necessary for your match.
1:06:51 Speaker 01 Yeah, six.
1:06:52 Caleb Hammer? If there's a match, we also just need to get a better job, dude. You have a degree, you have a master's degree. They might see that you're overqualified, thinking that you're gonna get into a job and then leave it quickly. That's what they might see when they see that master's degree, okay? That's kind of the hard part, sometimes about a master's. Um, without going all the way to the PhD, or, or instead getting the masters, potentially while you're already in a career. It gets a little complicated, it gets weird, put yourself in a weird position.
1:07:18 Caleb Hammer? Okay, but that could, one, speed up the process, but two, you, you know, are in a place where you should get a better job. Uh, for your career that you want to do. So that's okay, but two years and you're in a baseline place and you have a great rest of your life left. Pull up your LinkedIn, I wanna actually see these applications. I wanna see what you're actually doing, I wanna believe this.
1:07:41 Speaker 01 I've also been applying for-
1:07:42 Caleb Hammer? Not gonna let Brandon go on a date with someone who's not applying to jobs. No, I don't want him to all of a sudden just get someone that's gonna live on his couch.
1:07:50 Speaker 01 So I'm not only applying on LinkedIn, but here's my LinkedIn.
1:07:54 Caleb Hammer? You're the one that brought up LinkedIn.
1:07:56 Speaker 01 I'm applying on like, just regular, uh, career, career stuff. And, yeah. Just like regular websites for jobs.
1:08:07 Caleb Hammer? Applied on website one month ago. Year ago, year ago, year ago, year ago, year ago, two years ago, two years ago, two years ago, two years ago. You fucking lied to me, three years ago.
1:08:17 Speaker 01 I'm not, I don't apply on LinkedIn.
1:08:19 Caleb Hammer? Okay, let's see. In progress, none. Saved, two. Archived, maybe that. No longer accepting jobs, hmm, I can't see when these were. I wish I could see when these archives were.
1:08:32 Caleb Hammer? But even still, the in-progress scene that there's not, or, or, applied scene that there's nothing sooner than one month, one month ago, they wouldn't have all been archived. If you're applying to at least a few a week, they wouldn't have all been archived. You would have had one from like yesterday.
1:08:46 Speaker 01 No, it's, I didn't apply to any yesterday.
1:08:48 Caleb Hammer? You get my point, though.
1:08:50 Speaker 01 Yeah.
1:08:50 Caleb Hammer? Even a couple of days ago, there would have been something. And it was for yoga instructors. There's nothing on your resume to suggest anything related to yoga.
1:08:58 Speaker 01 I have a different resume.
1:08:59 Caleb Hammer? Let me see that resume.
1:09:01 Speaker 01 That's for my, that's for like strictly yoga teaching.
1:09:04 Caleb Hammer? No.
1:09:05 Speaker 01 I also just remembered, um, I'm going home for Christmas, so I need to pay for my plane ticket home.
1:09:12 Caleb Hammer? Budget it in. I'm not horrifically opposed to that.
1:09:17 Speaker 01 Yeah.
1:09:17 Caleb Hammer? But you're gonna, you're doing frontier, you're cheaping it up.
1:09:20 Speaker 01 Yeah.
1:09:22 Caleb Hammer? And I don't want dad to pay for it, but.
1:09:24 Speaker 01 But what about gifts?
1:09:25 Caleb Hammer? You're not doing gifts. Don't be dumb. Shut the up.
1:09:27 Speaker 01 Gifts?
1:09:28 Caleb Hammer? Make something. You don't be stupid. Give yourself the gift of getting on the debt instead of being the failed child. How about that? Dad would appreciate that.
1:09:39 Speaker 01 Yeah.
1:09:40 Caleb Hammer? Mm-hmm. How long does it take to find a resume?
1:09:42 Speaker 01 Um, because I haven't used it in a while.
1:09:45 Caleb Hammer? You just applied for that job.
1:09:46 Speaker 01 Well, I have, look at here. How about this? I'll show you. These are all of my resumes and cover letters that I am making for other jobs.
1:09:53 Caleb Hammer? Making?
1:09:55 Speaker 01 Yes. I cater them.
1:09:58 Caleb Hammer? Oh, but it won't show me when this was used last, last opened, at least on here.
1:10:04 Speaker 01 Hmm. I promise I'm not lying about applying. I definitely do not have not been applying for enough.
1:10:10 Caleb Hammer? Okay. For what it's worth, you've opened four of them today. The other ones were open weeks ago.
1:10:17 Speaker 01 Yes, because I like to use the same ones and then edit it a little bit.
1:10:20 Caleb Hammer? Okay. Okay. Okay. Listen, I think you just need to apply more. Make sure they're catered. I'm not necessarily opposed to that. I mean, I am glad you're doing six a week. You know, I'm definitely, uh, pushing your buttons, but, um,
1:10:37 Caleb Hammer? more than six a day, you need to get that better job, okay?
1:10:40 Speaker 01 Okay.
1:10:41 Caleb Hammer? Because you have the degrees necessary, the qualifications, and you want to work a better place. That gives you the ability to get out of this quicker. Even though you already have the ability to do it in two years, if you're not just, you know, putting all your wants above what you actually need. Okay?
1:10:58 Speaker 01 Okay.
1:10:58 Caleb Hammer? So stop being a child and you can actually get there.
1:11:03 Caleb Hammer? We'll talk about this date in the post show. Maybe we'll call the dad in the post show. Yeah, we'll talk more about that. Oh, it's gonna be interesting because I want to see how you, if you're the same kind of entity. I don't know. You, it feels like you kind of came down to earth in the last 10 minutes or so, which I appreciate. Feels like it at least hit home. Maybe it took a lot to break you down more than normal. But I really, I did not like this conversation, at least for the first 40 minutes. You feel a little better now. Spending a budget, overspent, zero out of 10 debt. Adding more to that. Sapphire, I can't give it better than a two. For your situation.
1:11:45 Caleb Hammer? Car's actually pretty bad. Okay, one. Emergency fund. Took it all out, zero. Retirement, definitely behind for your age. Going to give you a for your income for where you are and everything. Well, just in retirement, where you want to be in general is going to be a two. Real estate, zero out of 10.
1:12:02 Caleb Hammer? What? You said five out of 10. Hammer finance score rounded up. One out of 10. Guys, make sure to join the membership. Join us for the post show and everything else. It's gonna be super fun. Uh, that's where we get into all the tears. Okay? Tears, tea. I'm losing it because of you. Oh, okay. And make sure to check out our investing, budgeting and debt program. It's all 25% off. I'm losing my damn mind. Let's go into the post show. Is everyone excited for the date?
1:12:32 Speaker 01 One that I'm going on a date with?
1:12:33 Caleb Hammer? Yeah.
1:12:34 Speaker 01 Okay. When is the date happening?
1:12:35 Caleb Hammer? We'll do the live stream right after this. But we have something so horribly juicy with Brandon. A lady is coming in. All of us are going to be in here watching their date with you, commenting on it. It's gonna get crazy. This is happening while he has not broken up with his girlfriend. The next Tuesday is we'll do that. Well, if you're a pro member, get on to Elite or VIP.
1:12:59 Speaker 01 This is gonna be wild. That's scary, no?
1:13:02 Caleb Hammer? Alright guys, I get it. You need more financial audit. So, we've decided now, in our membership below, you get two exclusive, see nowhere else, uncensored financial audits every month. Again, 384 came in from your job. How much do you think you spent?
1:13:19 Speaker 04 How much did I make? 384?
1:13:21 Caleb Hammer? You don't think you overspent?
1:13:22 Speaker 04 Oh, I probably, I guess I did, yeah. Seven, maybe, I don't know.
1:13:27 Caleb Hammer? Also, three post-shows a week for every financial audit. You're seeing right here on YouTube. In the post-show, we have an extra 20 minutes for every single episode where we go into more drama. We can't find you on Facebook. Did you block me on Facebook?
1:13:38 Speaker 03 No, no way.
1:13:40 Caleb Hammer? You can join Hammer Pro where you get every financial audit post-show for every episode. Priority replies to comments, custom loyalty badges, and special channel emojis for the comments section. And then there's Hammer Elite if you're wanting more. And that comes with everything from Hammer Pro. Extra behind the scenes content. Jake just got a delivery of a sword.
1:14:02 Caleb Hammer? A member stream every single Tuesday with myself and the crew. He could break up with her today. He's already decided to five weeks ago. He could break up with her today. Why is he not?
1:14:12 Speaker 02 Because her birthday is coming up. When though? Two weeks, two weeks.
1:14:15 Caleb Hammer? Thanksgiving's after that, a couple weeks after her birthday, then Christmas is only a couple weeks, then New Year's, and then MLK Day.
1:14:24 Speaker 02 Wonderful human. Guys, she's just not. Wonderful, wonderful human. I do love her. She is a wonderful person. I like, like her. No, she's a great person. Here's the thing. Great person, it's just she.
1:14:38 Speaker 02 We know she's a good person. Wonderful, wonderful human.
1:14:44 Speaker 02 But she's just so into me and she always wants to hang out. No, wait a minute, wait a minute.
1:14:49 Caleb Hammer? Random but frequent private streams with me throughout every week. Monthly member raffles for exclusive merch and two exclusive, uncensored, ad-free financial audits every month. And then for those who only go top level, there's Hammer VIP, which comes with everything from Hammer Elite and Hammer Pro, plus a thank you in the pinned comment of every public financial audit episode, be an exclusive beta tester on our newest products we're working on, and a custom thank you letter from me personally mailed to you after a year. Members help us maintain stability during the ups and downs of ad raids, and this helps us invest in making the main show even better with every passing month.
1:15:26 Speaker 02 Join the membership, guys. Even Dave's a part of it.
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