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Transcript 19,759 words · 6 speakers
Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.
0:01 Speaker 00 Life is all about making decisions. Sometimes you make questionable ones. Like buying a new TV that's too big for the wall because the electronics store employee was a little too good at their job. Then, sometimes you make great ones. Like protecting your home and auto with Progressive. You get customized coverage options so you can be sure you have the right coverage. Get your quote today at progressive.com. Progressive Casualty Insurance Company affiliates and other insurers, not available in all states.
0:30 Speaker 01 Your sausage McMuffin with egg didn't change. Your receipt did. The sausage McMuffin with egg extra value meal includes a hash brown and a small coffee for just $5. Only at McDonald's for a limited time.
0:42 Speaker 02 Price and participation may vary. Promotion pricing may be lower than meal pricing.
0:45 Caleb Hammer? To watch episodes of Financial Audit a week earlier, check us out on YouTube. And you need them to survive.
0:49 Speaker 04 One-time purchases.
0:50 Caleb Hammer? And you need them to survive.
0:51 Speaker 04 One-time purchases.
0:52 Caleb Hammer? And you need them to survive.
0:52 Speaker 04 One-time purchases.
0:53 Caleb Hammer? To survive.
0:54 Speaker 04 That are not going to be made in 2025 or 2026.
0:56 Caleb Hammer? Doesn't matter. You needed them to survive.
0:57 Speaker 04 So our spending.
0:58 Caleb Hammer? Hey!
0:58 Speaker 04 Hey! How about we go into the finances and look what we can fix?
1:01 Caleb Hammer? Here's a fix. Don't [bleep] spend $120,000 in a year, you dumb [bleep].
1:07 Speaker 04 What the [bleep] do you mean?
1:08 Caleb Hammer? Do you feel any kind of resentment here?
1:09 Speaker 04 I don't think I would have ever married her.
1:12 Caleb Hammer? Download my budgeting app today and take control of your money once and for all. And for a limited time only, sign up for the annual version of Premium and get my cookbook and notebooks signed and mailed directly to you. Link in the description and pinned comment below.
1:26 Speaker 05 Hi, my name is Lady. I'm 26 years old.
1:29 Speaker 04 Hi, my name is Manny. I'm 28 years old and we're from Pittsburgh, Pennsylvania.
1:32 Speaker 05 And this is the Financial Audit.
1:35 Caleb Hammer? The Financial Audit, right here. Thanks for coming to Austin. What do we do for a living? Let's start with Lady, because Lady's in front of me. It's an interesting fake name we've assigned you. Like, why the [bleep] aren't you Guy? I don't know.
1:49 Speaker 05 Um, I don't know.
1:50 Caleb Hammer? You look like someone named Guy.
1:54 Caleb Hammer? Okay, what do you do, lady?
1:57 Speaker 05 Uh, I'm unemployed, so I'm just home all the time.
1:59 Caleb Hammer? Alright.
2:00 Speaker 05 Yep.
2:01 Caleb Hammer? Guy?
2:02 Speaker 04 So I am currently a substitute teacher, um, at my local high school.
2:07 Caleb Hammer? How the f**k are you guys living? No offense. Like, I don't even need to ask the wage for that. I know it's not much. How the f**k are you living? You also look like a substitute teacher.
2:14 Speaker 04 Yeah, I know.
2:15 Caleb Hammer? So this is like, okay. So you go in, you put a little DVD into a machine and they can just say, and go to sleep while you're there.
2:25 Speaker 04 Oh, I wish.
2:26 Caleb Hammer? You babysit.
2:27 Speaker 04 Um, so.
2:28 Caleb Hammer? Unless you're a perma-sub. Are you perma-sub?
2:30 Speaker 04 We're in every day. Um, currently I'm teaching eighth grade integrated science. Our principal had medical emergencies, so the eighth grade science teacher is now the principal. So we kind of all stepped up positions. It's still the same pay, but I am teaching. Um, so it's one seventy-five a day. It's daily pay. Um, it averages to about twenty-three and some change an hour.
2:51 Caleb Hammer? Okay, what hits your account on a monthly basis?
2:55 Speaker 04 If the weeks are full, because we don't get paid for like days schools closed or like spring break or anything, um, it's fourteen hundred even every two weeks.
3:06 Caleb Hammer? Oh, every two weeks. Thank.
3:08 Speaker 04 Yeah, twenty-eight hundred a month if schools open.
3:11 Caleb Hammer? But it is not always, and there's like three months where it's definitely not.
3:15 Speaker 04 Correct. Like, this paycheck is only six days, so it's gonna be rough.
3:20 Caleb Hammer? Why? Spring break took up that much?
3:21 Speaker 04 Spring break was Friday and Monday, and then being here missed, uh, two days, so. But I do also have a second job.
3:29 Caleb Hammer? Why are you unemployed?
3:30 Speaker 05 Um, I am, uh, I'm an, I am an immigrant.
3:34 Caleb Hammer? Yeah, you are. I hear the accent now. Okay, hold on.
3:37 Speaker 05 Yeah, so, uh, I'm currently trying to get my.
3:39 Caleb Hammer? You guys married?
3:40 Speaker 05 Yeah, we are.
3:42 Caleb Hammer? How long have you guys been together?
3:43 Speaker 05 Uh, since May, uh, sorry, June twenty twenty-two.
3:48 Speaker 04 Yeah, we've been married for about a year and a half, September of twenty-three.
3:50 Caleb Hammer? You got married in a year?
3:51 Speaker 04 Yeah, a little over a year.
3:53 Speaker 05 Yep.
3:54 Speaker 04 Little quick, but very happy.
3:56 Speaker 05 Yeah.
3:58 Caleb Hammer? Okay.
4:00 Speaker 05 Yeah.
4:01 Caleb Hammer? Where are you from?
4:03 Speaker 05 Uh, I'm from Zambia, but I am Somali, from Zambia.
4:10 Speaker 05 In Africa.
4:10 Caleb Hammer? Were you guys on a different show on TLC before this?
4:13 Speaker 04 No, no, 90 Day Fiance. No, she was over here for school and we met on a dating app. And that's kind of what kicked it off.
4:22 Speaker 05 Yeah.
4:23 Caleb Hammer? Mm hmm. Okay. So how long until you get this work visa?
4:29 Speaker 05 Um, I applied for it. I had one and then it expired in August of 2024.
4:33 Caleb Hammer? What were you doing?
4:34 Speaker 05 Uh, I was working in customer service.
4:36 Caleb Hammer? Okay, but that's, that is money and we need money in Pittsburgh. Cost of living area, edge of the rest belt. Okay. Yeah. Not horribly the most expensive, but substitute, you know, pay with all the time. Like, what the, what the do you do in the summer?
4:54 Speaker 04 So my second job that I work.
4:56 Caleb Hammer? You're just popping me?
4:56 Speaker 04 Yeah, that I work with concurrent with, uh, school is at CVS.
5:01 Caleb Hammer? Concurrent with school?
5:02 Speaker 04 Yes.
5:02 Caleb Hammer? Oh, wait, no, working at school, not being in school.
5:05 Speaker 04 Well, I'm also in school too.
5:06 Caleb Hammer? You're in school. What are you in school for?
5:08 Speaker 04 To get my teaching degree for my masters.
5:09 Caleb Hammer? Oh, thank, masters? Why masters? Why are you substitute? What's your bachelor's in?
5:14 Speaker 04 UX design. So I did an online.
5:16 Caleb Hammer? Why are you doing something UX? That makes money.
5:18 Speaker 04 As soon as I graduated, um, is when COVID really hit and everyone got laid off. So.
5:24 Caleb Hammer? COVID really hit. That's when fucking tech hiring went crazy. After a couple of months, after like six months into COVID, you could have got any job you fucking wanted.
5:32 Speaker 04 I wish. I applied to over 200 UX jobs.
5:34 Caleb Hammer? You probably sucked at your applications.
5:36 Speaker 04 Maybe. I did try to do.
5:38 Caleb Hammer? You didn't have experience for what it's worth, but they now engineers were like, let's over hire. Let's pay whatever is necessary to get them, like right in the middle of COVID. And that is not the case anymore and it's really hard for a lot of people. But yeah, UX, I, I get it. It probably wasn't as crazy, but.
5:53 Speaker 04 No.
5:54 Caleb Hammer? I, you had to have some kind of, like, there's a certain part where it was probably your interview or resume skills.
6:00 Speaker 04 Well, the problem is getting the interview. So.
6:03 Caleb Hammer? Then it was your resume skills.
6:04 Speaker 04 Getting the experience to even get like a resume or portfolio.
6:08 Caleb Hammer? Some contracting jobs up in the door, dude.
6:10 Speaker 04 I, I try. It's so difficult. Yes, I did. It's so difficult to get anything UX. Even with like, I had a portfolio website that had like my school. Projects and stuff on it.
6:19 Caleb Hammer? Maybe it wasn't good.
6:20 Speaker 04 Might not have been good.
6:20 Caleb Hammer? No offense, I'm hiring people right now, but every time I see a school project, it looks like a school project and I've can run away.
6:27 Speaker 04 I
6:28 Caleb Hammer? I would rather almost have no experience in school projects.
6:30 Speaker 04 I had a good mentor who was, um, he was head of UX at BNY Mellon. Um, so he was local in Pittsburgh because we have a BNY Mellon like building there. Um, and he tried to help me out with portfolio and everything. So I took his tips and everything and still just couldn't get anything. Um, and so to get money, um, like right when we started dating, I think.
6:50 Caleb Hammer? UX design, right?
6:51 Speaker 04 Yes. Um, my sister is a full-time teacher up at the like elementary school. Um, and she said, you know, I'd make more money there than what I was doing, working at CVS. Um, so I kind of have been there for like two years, realized I enjoyed teaching. Um, so I started to go back and get my masters. So.
7:09 Caleb Hammer? Which I've agreed with. I wanted to be a teacher for the longest time. That's why I like making the educational things that we do.
7:14 Speaker 04 Yeah. And it's, it's really fun. I enjoy it. Uh, my last two classes finish up in like two weeks. I do have my student teaching and my praxis to pass. Um, so hopefully by December of this year, I'll be fully certified and able to start making actual salary.
7:30 Caleb Hammer? Uh, we see about sixteen thousand five hundred job openings projected each year for web developers and digital designers over the decade, over the decades, sorry, but each year, uh, for the remainder of the decade. And we're expecting about Bureau of Labor Statistics is projecting an eight percent growth employment for web developers and digital designers from twenty twenty-three to twenty thirty-three. Now AI is throwing a wrench in some things, but that was not as much of a case. When you were doing that, I really think you probably just had a skill issue, dude. Skill like and resume issue.
8:02 Speaker 04 It, it's fully possible. I don't think I put.
8:04 Caleb Hammer? Cause if you were applying to that many and you weren't getting an interview?
8:08 Speaker 04 I think I did.
8:09 Caleb Hammer? That's, yeah, you would have gotten some interviews, buddy.
8:13 Speaker 04 Um, I definitely didn't put my best foot forward like in school, uh, didn't try as hard as I should have.
8:18 Caleb Hammer? Were you putting your, uh, were you, were you putting your GPA?
8:22 Speaker 04 Oh, my GPA.
8:23 Caleb Hammer? On your resume?
8:24 Speaker 04 So, uh, yeah, my GPA, I graduated, um, from my college, I want to say with like a three, five, three, six.
8:32 Caleb Hammer? And did you put that in your resume?
8:33 Speaker 04 Yes.
8:34 Caleb Hammer? Why?
8:35 Speaker 04 Um.
8:35 Caleb Hammer? Who cares? They say you have the degree.
8:37 Speaker 04 Uh, because I was told by that guy at BNY Mellon that he does look at GPAs.
8:41 Caleb Hammer? And then you didn't get hired.
8:43 Speaker 04 Correct.
8:43 Caleb Hammer? Or interviews.
8:44 Speaker 04 Correct.
8:44 Caleb Hammer? So maybe we're not listening to him.
8:47 Speaker 04 I I think he was okay, but I also learned.
8:49 Caleb Hammer? You didn't get any job interviews.
8:51 Speaker 04 I'm perfectly fine with the fact that now that I have a bachelor's, it's kind of useless. Um, as long as I get my masters, I'm happy teaching. The problem is like.
8:59 Caleb Hammer? Yeah, I'm okay with that. So teaching in what? What do you want to teach in?
9:02 Speaker 04 Math. Um, so I really enjoy teaching kind of like ninth, 10th grade level math, kind of like algebra one, algebra two, geometry, that sort of thing.
9:10 Caleb Hammer? But they're telling me you guys are thinking of moving to fucking Zambia.
9:13 Speaker 04 Eventually. Yeah.
9:15 Caleb Hammer? I'm pretty good at geography, but I don't think I can point to Zambia.
9:19 Speaker 05 Well, I'm from here, so.
9:20 Caleb Hammer? I can point to Somalia.
9:22 Speaker 05 Oh, Zambia is south, down south.
9:24 Speaker 04 So there's like.
9:25 Caleb Hammer? There's a lot.
9:25 Speaker 04 Yeah, there's like South Africa.
9:28 Speaker 05 Uh.
9:28 Caleb Hammer? Okay, that's very far from fucking Somalia. Okay, okay. I don't, we don't need a jet, we're not, this isn't geography audit. Okay. But if we're looking to get into master's degree in math and we're talking about moving to Zambia, what the fuck are we doing? What is going on?
9:41 Speaker 04 So, um, as far as moving goes, all of my family lives within about 10 minutes of each other. Um, so until. I always had told my parents, you know, when they get older and they kind of pass away. Uh, it sounds morbid, but I kind of want to stay close to my family until, you know, everyone's.
9:59 Caleb Hammer? Then what is this talk of moving to Zambia?
10:01 Speaker 04 After.
10:02 Caleb Hammer? Well, how long is that? Ish, ish.
10:05 Speaker 04 My parents right now are both about 60, so.
10:08 Caleb Hammer? But this is okay. So we're talking like 20 years from now, maybe. Like, why the fuck are we talking about this?
10:12 Speaker 04 Uh, because obviously if I get a teaching degree now and I move to Zambia.
10:16 Caleb Hammer? And we want to live somewhere where the GDP per capita is $1,300.
10:20 Speaker 04 Yeah, so it's kind of like. Okay, so if we're moving to Zambia, obviously her family's over there, that's where she's from. But getting out of like our American debt. Um, the conversion is about.
10:31 Caleb Hammer? Couple escaping from their American debt from their own fucking things hanging off. Also 20 years.
10:37 Speaker 04 Well.
10:37 Caleb Hammer? 20 fucking years until you can even go.
10:39 Speaker 04 20 years is 20 years. I mean, we're not.
10:41 Caleb Hammer? 20 years of debt.
10:42 Speaker 04 Yeah, but at the same time, when she gets a job, if her work visa ever comes. Um, the currency conversion to her country is about 28 to one. Um, so what we make over here when we can get out of debt, if we can save up even like a year or two's worth of salary. We're rich over there.
10:58 Speaker 05 Yeah.
10:58 Caleb Hammer? Yeah, but that's if you can save up and you pay off your debt. That is so many ifs and if you're on this show, you probably fuck yourself.
11:06 Speaker 04 Correct.
11:06 Caleb Hammer? So I don't know what we're talking about. Plus, you're just gonna be a math teacher anyway. It's not like you're gonna be going like crazy.
11:12 Speaker 04 True. Um, but also my teaching degree from here, I can also teach over there math because their native,
11:16 Caleb Hammer? Yeah.
11:17 Speaker 04 Their native language is English.
11:18 Caleb Hammer? Average salary.
11:20 Speaker 04 Yes, but like I said, paying off our debt here then allows us to save and use that American money.
11:26 Caleb Hammer? If you do it, but you're on this show, meaning you've done literally the opposite.
11:30 Speaker 04 But it's not an if we paying for debt. It's a when. It's gonna happen.
11:34 Caleb Hammer? I've seen people on this show in their sixties. I think even one or two in their seventies. That is not a when. It, you can go tell debt. This is fucking America.
11:43 Speaker 04 Correct.
11:44 Caleb Hammer? Consumerism to the tit. You're gonna fucking stack it all up until you die. You don't think that this doesn't just change with age. It's changing with behavior. You're not changing behavior. It is not a win thing. It is not a mathematical equation in your sense. This is you having to actually put in the action.
11:59 Speaker 04 But a big problem with like why we are in debt is because of her work issues, her work visa. If she was making a decent salary right now, sixteen, seventeen bucks an hour, even if she's making the thirty thousand dollars, we would be able to get out of our debt much, much easier. Maybe not, you know, perfectly, but much less than twenty years.
12:19 Caleb Hammer? I think the main reason that you're in debt is you make twenty eight hundred because you are being a substitute teacher instead of actually trying to figure something out and even working another job, you know, a better job, which you totally can. You're in the age range where you're in like getting close to prime earning. You have a lot of opportunities and then you spend three thousand six hundred dollars. So in a month, three thousand six hundred dollars in a month.
12:43 Speaker 04 Yes.
12:44 Caleb Hammer? By the income that you are choosing, which is not always that high because you want to do this. You're choosing to. It's not just because she doesn't have a job. I think we should get you a job.
12:55 Speaker 04 It's not allowed.
12:56 Speaker 05 Yeah.
12:56 Caleb Hammer? I know. And that would be great if we can get there. But that is not the sole reason. You're using it as an excuse instead of you actually fucking up a little.
13:06 Speaker 04 So come December, when I can get hired as a teacher, step one pays forty eight thousand dollars a year with a master's degree math.
13:12 Caleb Hammer? How?
13:12 Speaker 04 Which is thirteen thousand more than I'm making now.
13:15 Caleb Hammer? Yeah, let's get a master's degree to make forty eight thousand. Sounds like a.
13:18 Speaker 04 Starting. By step twenty, if I stay teaching for twenty years, that's about ninety eight thousand dollars a year.
13:25 Caleb Hammer? Oh buddy, listen.
13:29 Caleb Hammer? In our generation, because we're pretty close in age, the averages, we leave jobs in 2.5 years.
13:34 Speaker 04 Yeah.
13:35 Caleb Hammer? I don't think that's a lot of people that get in teaching the same teaching you got the, you know, a lot of the government benefits. I'm not saying that's 100% you, but to just bank on 20 years with what our generation is known for.
13:47 Caleb Hammer? I don't know, man.
13:47 Speaker 04 I thoroughly enjoy teaching, so I plan on staying.
13:51 Caleb Hammer? I bet, but you don't know what's gonna happen with what you're interested in, the school you're interested in. Maybe you're not actually that good, you know, once you're in the classroom and dedicated full-time. Like, who even knows? You're banking on a lot.
14:02 Speaker 04 I am banking on a lot, but at the same time, if I bank on nothing, then I might as well just sit around and do nothing.
14:07 Caleb Hammer? How much does a UX designer make at 20 years?
14:09 Speaker 04 Uh, probably well over a hundred thousand a year.
14:12 Caleb Hammer? Mm-hmm. Right.
14:14 Speaker 04 But at the same time, with teaching, I also do work a second job. I do enjoy the quality of life of, hey, I get out of school and I'm done working by 3:30. Um, grade some stuff over the weekend, so I enjoy quality of life a lot.
14:28 Caleb Hammer? I think it's because you're a substitute. Basically, any teacher I know, they're working well past 3:30.
14:33 Speaker 04 Well, 3:30, they get out of school, they can't grade after. But a lot of the times with how, at least the school I work at is run now, everything's online. They don't have to really grade anything.
14:42 Caleb Hammer? And once you're able to start working again, what is your working experience?
14:46 Speaker 05 Uh, I have a lot. Um, I've worked in management, I've worked in, uh, travel, uh, travel ticketing. I've worked in customer service, uh, customer, as a customer rep. I've worked as a, um, what are they called? Uh, med tech and aide at senior living homes. I have worked, uh, logistics. That's actually the one I've worked the longest.
15:18 Speaker 05 Logistics.
15:19 Speaker 04 So like with her customer experience, um, the company, she has an NDA, so she can't say necessarily what company she worked for because of who they helped.
15:26 Caleb Hammer? It's fine.
15:27 Speaker 04 Um, but customer service, she dealt with like financial stuff with people, um, and.
15:32 Caleb Hammer? What, helping them? Cause I guess you need her then.
15:34 Speaker 04 It's a certain financial app that you can invest in. Um, she was helping them with like their accounts and deposits, that sort of stuff.
15:41 Caleb Hammer? Okay.
15:42 Speaker 04 Um, she was, I don't wanna say bad, but her manager just kind of let her have it because she's not necessarily Americanized enough to, when we call customer service, apologize to people.
15:56 Caleb Hammer? I don't speak to a single American when I talk to customer service.
15:59 Speaker 04 But like how they're all supposed to say, hey, I'm sorry, you're going through this problem. Let me help you and all this stuff.
16:04 Caleb Hammer? What'd you say?
16:05 Speaker 04 She's straight to the problem, straight to the solution. Here, I fixed it. Have a good day. Bye.
16:09 Caleb Hammer? Cool. Why didn't you adjust and not be bad at your job?
16:13 Speaker 05 Uh, cause you felt like I'm faking it and I really didn't care.
16:17 Caleb Hammer? Yeah, but what about keeping your job?
16:19 Speaker 05 Well, I mean, I mean technically I was good at the job. I was.
16:24 Caleb Hammer? Except you kept getting in trouble for that.
16:26 Speaker 05 Ex- yeah, except I wasn't apologizing enough, which I think it's fake and, and personally.
16:32 Caleb Hammer? Did they tell you to apologize more?
16:34 Speaker 05 Yeah.
16:34 Caleb Hammer? Then that's your fucking job. I'm.
16:36 Speaker 05 Yeah, but then personally, I always look at it as if I was on the phone call and I called somebody and I have an issue, I want them to tell me what the solution is.
16:44 Caleb Hammer? It doesn't matter. It's not your company.
16:46 Speaker 05 But, but that was fake, but I didn't want it to be.
16:49 Caleb Hammer? It doesn't matter. It's your fucking job. I'm so confused here.
16:52 Speaker 05 I know, but.
16:53 Caleb Hammer? I don't care how you wanna cook the burger. If the restaurant tells you how the burger is cooked, cook the fucking burger.
16:58 Speaker 05 Yeah, but I didn't like that. I hated it so much.
17:01 Caleb Hammer? I don't care. It's your job. What are we talking about?
17:04 Speaker 04 So especially with hers, um, customer service is so time-based that going through all that apologizing and stuff, she was going over her time limit.
17:12 Speaker 05 That's true.
17:12 Speaker 04 So she was getting in trouble for them telling her to do the thing, but then she was doing the thing and then going over the time limit. So then she was getting deducted on that.
17:19 Speaker 05 Yeah, that too, cuz they give you like a time limit.
17:21 Caleb Hammer? Okay, so you weren't good at your job?
17:23 Speaker 05 No, I was good at, I was everybody at the job. No, I didn't get fired.
17:26 Speaker 04 Her work permit ran out.
17:27 Speaker 05 Yeah, but, but, a lot out of like everybody that was working there.
17:31 Caleb Hammer? What's your green card status? So you guys are married? What have we done?
17:33 Speaker 04 So, we got married, we filed, it's an I-131, which is like my petition for her to stay here.
17:40 Caleb Hammer? Yeah.
17:40 Speaker 04 Um, then we had to file the I-485, which is her adjustment of status, um, which is basically saying like, hey, we're legally married. I want her to get a marriage green card. Um, that's been pending about a year now.
17:52 Speaker 05 Over a year, December.
17:53 Speaker 04 And then we filed for her work permit in August, and that's supposed to take three to five months. It's been eight.
18:00 Speaker 05 Yeah.
18:00 Speaker 04 So, right now, she's legally here on basically a marriage green card, cuz while that's pending, she's allowed to stay here. Um, but we're kinda just waiting on interviews and waiting on adjustments.
18:10 Caleb Hammer? How are things gonna change when she has an income?
18:12 Speaker 04 Uh, we'll have much more money to pay down debts much easier. I'm looking at getting rid of...
18:16 Caleb Hammer? I assume your spending will just go up, cuz look where you are. We're at seventy thousand dollars of debt. Why no? You're confident with the no?
18:23 Speaker 04 Hundred percent, hundred percent confident enough.
18:25 Caleb Hammer? You already had an income before.
18:26 Speaker 04 Correct, but we're...
18:27 Caleb Hammer? How long has she not had an income?
18:28 Speaker 04 Uh, since August, eight months.
18:30 Caleb Hammer? To you then.
18:30 Speaker 04 That is when our credit card debt skyrocketed.
18:32 Caleb Hammer? This is not seventy thousand dollars in eight months, that's spending, fuck you.
18:34 Speaker 04 Well, seventy thousand dollars in eight months, our spending has skyrocketed because we also moved in after we got married, cuz we're not allowed to live together before we got married.
18:41 Caleb Hammer? Oh, no, I moved into a place. That means I have to spend seventy thousand dollars in eight... What are you talking about, dude?
18:45 Speaker 04 A lot of our expenses were with her not having a job. We have to put on credit cards.
18:49 Caleb Hammer? Seventy thousand dollars. That is you living above your means. You do not need to live on seventy thousand dollars in eight months. That, we are talking at that point, you are living off of a hundred ten thousand dollars a year. That is, you are not making that up with an income. What are you talking about?
19:02 Speaker 04 A lot of this stuff over the past year are one-time purchases that are not going to be made in subsequent years.
19:06 Caleb Hammer? And you need them to survive.
19:07 Speaker 04 One-time purchases.
19:08 Caleb Hammer? And you need them to survive.
19:09 Speaker 04 One-time purchases.
19:10 Caleb Hammer? And you need them to survive.
19:10 Speaker 04 This is what I'm talking about, one-time purchases.
19:12 Caleb Hammer? To survive.
19:13 Speaker 04 That are not going to be made in twenty twenty-five or twenty twenty-six.
19:15 Caleb Hammer? You needed them to survive.
19:16 Speaker 04 So, our spending is...
19:17 Caleb Hammer? Doesn't, hey!
19:18 Speaker 04 Hey, you... Our spending is gonna go down because of those one-time purchases are no longer on the budget.
19:24 Caleb Hammer? Listen, listen, listen. Next year, maybe you'll wanna buy a chin.
19:30 Caleb Hammer? I don't know what's gonna happen. At some point, everything gets pushed. Everything, you will find a replacement for that spending. The spending that you did last year that are one time, you're gonna find one time purchases next year. I only have four of these conversations a week. That's it. For three years.
19:49 Speaker 04 So you're saying my position is the same as everybody else's position and that I'm not unique in any way? So why would I be on this podcast in the first place?
19:56 Caleb Hammer? Yeah, basically, because essentially everyone that comes on the show trusts me. I've heard this show.
20:00 Speaker 04 Just because our spending was bad in the last 12 months does not mean it's going to be bad in the subsequent 12 months or the 12 months after that.
20:06 Caleb Hammer? Behavior just changes because we wake up one day.
20:09 Speaker 04 We are here to get our behavior changed and look at what we need to change.
20:12 Caleb Hammer? I will give you advice of what you should and should not do.
20:14 Speaker 04 And that advice will help our behavior.
20:17 Caleb Hammer? Yeah, if you follow it.
20:18 Speaker 04 Yes, that's what we want to do is follow it. That's why we're here.
20:22 Caleb Hammer? That's why we're here. Okay, fucking bingo. Got it. Ding ding ding. Buddy, everyone says that. Again, you think you're unique? You're saying exactly what everyone says every single time.
20:31 Speaker 04 Okay, I am here to get help. If I didn't want help, I would not be here.
20:35 Caleb Hammer? Then maybe you should fucking listen instead of interject. Oh, yeah, go ahead, interject.
20:39 Speaker 04 No, go ahead.
20:39 Caleb Hammer? There it is. Okay, your one time purchases that you did last year, you will have.
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21:12 Caleb Hammer? One time purchases for the rest of your life. This is what happens every single time. And even still, even still, she did not have a job since the middle of last year, since after the middle of last year, and you guys chose to live on $120,000. Even if they're one time purchases, I don't give up. You chose to live off of 120,000 hours a year when you barely make scraps. So I don't give a if they're one time purchases. You chose that. You chose that.
21:42 Speaker 04 So how about we go into the finances and look what we can fix?
21:45 Caleb Hammer? Buddy, it's a fix. Here, here's a fix. Let me give you a little fix. This will solve your entire issue and we can fast forward instead of doing an hour and a half. Here's a fix. Don't spend $120,000 in a year, you dumb ass making $30,000. Let's be real. If your private student loans have your eye on a third job at the local taco stand,
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23:28 Speaker 04 We were fiscally irresponsible and that's what we are here to try and fix.
23:32 Caleb Hammer? Buddy, that is not how this conversation is going to go. Stop trying to control this. Okay, you little domineering freak. That is not how this is going to work. I am trying to learn about you.
23:43 Speaker 04 Yes.
23:43 Caleb Hammer? I get into your brain. We figure it out and then we go through the finances. And then I get to learn about them based on the establishment that you set before of your personality that I get to know about you and why you did the things. Guess what? Special guy. I don't know if math teaches this, but when I look in your most recent month, I can't see what you spent in August. So yes, we're having a conversation about what last year looked like that got you into 70,000 dollars of debt.
24:13 Speaker 04 I agree.
24:13 Caleb Hammer? Yeah, I don't think the master's degree is going to solve that equation for you. So. Yeah, we're gonna talk about maybe the mistakes you made.
24:21 Speaker 04 Absolutely. I a hundred percent agree.
24:23 Caleb Hammer? So stop with the, let's get into the documents then. I know we're gonna go into the numbers that happened in the last month.
24:30 Speaker 04 Okay.
24:31 Caleb Hammer? Okay. So why the do you think it is okay to spend $120,000 in a year making 20 to 30?
24:39 Speaker 04 Never said it was okay.
24:41 Caleb Hammer? Then why did you do it?
24:41 Speaker 04 Fiscally.
24:42 Caleb Hammer? No shit that you chose to do.
24:44 Speaker 04 Why did we do it? We were fiscally irresponsible.
24:46 Caleb Hammer? That is not an answer. Why did you choose to do it? That is not your choice. The fiscally irresponsible is not the answer. I want to know why the fuck you did it. Self-assessment. Try to get any kind of reflection in your life.
24:58 Speaker 04 Why did I do it? I don't necessarily have a great answer for it. I'm fiscally irresponsible.
25:02 Caleb Hammer? Oh, my gosh, buddy. That is not going to be an answer.
25:04 Speaker 04 That's why we racked up so much of this debt.
25:06 Caleb Hammer? No.
25:07 Speaker 04 And money on dumb.
25:08 Caleb Hammer? There we go. There's, oh, there's an attempt.
25:10 Speaker 04 Do it one time.
25:10 Caleb Hammer? So what are you getting? This one time purchases that you're able to justify for an entire fucking year, which will apparently never happen again in the rest of your life.
25:17 Speaker 04 Never said that.
25:17 Caleb Hammer? Okay, then why are we defending ourselves like it's just one time purchases that will never happen again?
25:22 Speaker 04 Because certain one time purchases will never be made again. I have already looked at.
25:25 Caleb Hammer? But they will be replaced with other one time purchases.
25:28 Speaker 04 What I don't want to do is replace them.
25:29 Caleb Hammer? But they always will.
25:30 Speaker 04 But you say they always will. They don't necessarily have to always be.
25:34 Caleb Hammer? With the, with your discipline, if you choose to.
25:37 Speaker 04 I know that's, and that's what I need to work on is my fiscal discipline.
25:40 Caleb Hammer? Yes, so let's learn about why you did those in the past. Tell me, what were you purchasing, dude? Instead of just saying I'm fiscally irresponsible and trying to move on. What the fuck did you actually do?
25:50 Speaker 04 Be completely honest. I didn't know we spent $70,000 a year. That's why I'm saying I don't know what these are.
25:55 Caleb Hammer? Question, guy. You don't need to sit here and try to look good.
25:58 Speaker 04 I don't know what we spent that money on, the $70,000.
26:00 Caleb Hammer? You can't reflect to three months ago.
26:02 Speaker 04 $12,000.
26:03 Caleb Hammer? You keep bringing up one time purchases. Tell me about any of them.
26:07 Speaker 04 Couches, one-time purchase.
26:08 Caleb Hammer? Oh, he figured it out. He was able to get an answer. We got there 10 minutes later.
26:11 Speaker 04 Couches, one-time purchase, TV, one-time purchase, all the stuff we've had to move in.
26:14 Caleb Hammer? That's 70,000 dollars, couches and TV?
26:16 Speaker 04 That's what I'm saying, I don't know what this 70,000 dollars is.
26:18 Caleb Hammer? Self-reflection.
26:19 Speaker 04 All the stuff we've had to move in, plates, dishes.
26:21 Caleb Hammer? You needed a TV to survive.
26:23 Speaker 04 Well, we've had our TVs.
26:25 Caleb Hammer? Okay, so that wasn't it then?
26:26 Speaker 04 Okay, so desks for her to sew, sewing machine for her to sew. If she can try and make some supplemental income when she's allowed to work.
26:32 Caleb Hammer? How much have we made?
26:33 Speaker 05 Uh, none so far, because I cannot work.
26:36 Speaker 04 She's not allowed to make any money, whether it's cash or in the bank account.
26:38 Caleb Hammer? Good, then maybe we should have purchased for something she can't do.
26:41 Speaker 04 That's when she was allowed to work.
26:42 Caleb Hammer? And did you make any money during that?
26:44 Speaker 05 No.
26:45 Caleb Hammer? Okay, so bullshit. Keep going.
26:47 Speaker 04 Uh, I don't even know what other one-time purchases could be. Lots of food, lots of, you know, I mean, your passport doesn't really count because you had to get that. Um, but going on vacation to Ocean City.
26:58 Caleb Hammer? Yes, that is necessary for surviving and moving into a new place, this fucking guy. What are you talking about?
27:03 Speaker 04 That, technically that was before, but...
27:05 Caleb Hammer? How about you talk about since fucking the unemployment? Because your entire, I want, let's frame, let's frame back, let's get to where this started. You specifically said, "We are going to get out of debt when she gets income because everything's gonna change because we got income." However, obviously mathematically, you can do that part, you know that that is not why you're in this debt.
27:27 Speaker 04 Correct.
27:27 Caleb Hammer? Because no amount of income she gets unless she gets a six-figure job would make up for the kind of spending you guys did last year. So tell me what the fuck you guys were doing since she got unemployed?
27:37 Speaker 04 Spending money on dumb shit. Also, I don't really make...
27:40 Caleb Hammer? You said it was just one-time purchases.
27:41 Speaker 04 Also, I don't really have the money coming in to kind of...
27:44 Caleb Hammer? Hey, how about you work like a fucking man then?
27:46 Speaker 04 I am working. What the fuck do you mean?
27:48 Caleb Hammer? You took three months off when she was unemployed.
27:50 Speaker 04 I didn't take three months off.
27:50 Caleb Hammer? It was summer break.
27:51 Speaker 04 I worked over the summer.
27:52 Caleb Hammer? What'd you do?
27:53 Speaker 04 I work at CVS.
27:54 Caleb Hammer? You said you weren't bringing in money. You would have been bringing in money if you were working at CVS.
27:56 Speaker 04 They let me work 30 hours a week.
27:58 Caleb Hammer? Okay, so that is money. Then don't say you didn't bring in money.
28:00 Speaker 04 I never said that.
28:02 Caleb Hammer? Did he not just say he didn't make money?
28:04 Speaker 04 No, I, I, I work at CVS while I work during school and over the summer, they don't let me work full-time. They let me work 30 hours a week.
28:10 Caleb Hammer? Who doesn't?
28:10 Speaker 04 CVS.
28:11 Caleb Hammer? Okay.
28:11 Speaker 04 Because they can't transition me from part-time to full-time because of benefits.
28:14 Caleb Hammer? Well, but you pick up a second job somewhere else.
28:16 Speaker 04 That's what I'm trying to do right now, over, for over the summer.
28:19 Caleb Hammer? No, last year, I don't give a shit about right now. I'm, we're still talking about last summer, trying to follow along.
28:22 Speaker 04 Yeah.
28:24 Caleb Hammer? Why didn't you work a second job?
28:25 Speaker 04 Because she was still working over the summer.
28:27 Caleb Hammer? You she got unemployed in August. Why didn't you pick up a second job?
28:30 Speaker 04 Start in August.
28:31 Caleb Hammer? Why couldn't you pick up a job in the evenings? You don't make enough money.
28:33 Speaker 04 I work at CVS in the evenings.
28:34 Caleb Hammer? It was CVS in the evenings.
28:35 Speaker 04 I work, so I work at CVS.
28:37 Caleb Hammer? Why are you working at CVS right now?
28:39 Speaker 04 I am.
28:40 Caleb Hammer? Why didn't you say that? That's what you do for a living.
28:41 Speaker 04 You.
28:42 Caleb Hammer? How am I able to give answers without a full picture?
28:45 Speaker 04 To be fair, you cut me off after I said substitute teacher and I never got to go back into that conversation.
28:48 Caleb Hammer? How much do you make at CVS now?
28:49 Speaker 04 It's about nineteen dollars an hour.
28:52 Caleb Hammer? How many hours a week are we currently working?
28:54 Speaker 04 During school, it's about ten hours a week. I work there Mondays and Tuesdays after.
28:57 Caleb Hammer? You can do more than that.
28:59 Speaker 04 I work there Mondays and Tuesdays after school. They don't let you work Saturday, Sunday. Sundays are only open for overnight.
29:04 Caleb Hammer? Are there other weekdays other than Monday and Tuesday?
29:06 Speaker 04 Yes.
29:07 Caleb Hammer? You might need to check your calendar for that one.
29:08 Speaker 04 I also have my schooling that I have to do.
29:10 Caleb Hammer? Okay, and what, when does that take place?
29:12 Speaker 04 I do my schooling Wednesday, Thursday, Friday.
29:16 Speaker 04 I'm in online school.
29:18 Caleb Hammer? When are the classes? What time?
29:19 Speaker 04 They're, it's all asynchronous. So I do it whenever I have time. There's no like live lectures. They're all just posted.
29:24 Caleb Hammer? Okay, so you can work after school for a few hours.
29:26 Speaker 04 Yeah, I do work. But Wednesday, Thursday, Friday, if I come home at CVS, I usually get home nine PM. I have to wake up at six AM to go to school. If I do my schooling after that, I'm gonna be dead.
29:35 Caleb Hammer? The rest of us have done all throughout life when we had to sacrifice and maybe you get a little less sleep.
29:39 Speaker 04 Okay.
29:40 Caleb Hammer? Yeah, to pay the bills for your fucking wife, the roof of her head since she doesn't have a choice to work, yeah, you man up a little.
29:46 Speaker 04 Okay, I completely agree. That's why I'm looking for.
29:48 Caleb Hammer? Good, which is why you didn't do that.
29:49 Speaker 04 That's why I'm looking for second jobs right now.
29:51 Caleb Hammer? We're gonna do this. Everything's gonna be good. This is one time purchase. Everything's gonna be good in the future. You're right. I will do that. I'm here. Guys, it was just, it was, I was just financially insecure. How about, like, fucking, that's not how this works. You don't just get out of a pushback by saying, you're right, I'm just gonna do it. No! Why weren't you? Because I can't just believe you're going to do something if you're just gonna say.
30:10 Speaker 04 Because when I'm already working in school and I'm already working that second job for two of those days a week, the other three days I'm doing schooling.
30:16 Caleb Hammer? You work on the weekend?
30:17 Speaker 04 No.
30:17 Caleb Hammer? Cool, go to McDonald's.
30:19 Speaker 04 Why would I want to go work at McDonald's? Sure, fifteen dollars an hour.
30:22 Caleb Hammer? Money?
30:22 Speaker 04 I, morning?
30:23 Caleb Hammer? Money?
30:24 Speaker 04 Yeah, money. I have schooling I have to do as well.
30:27 Caleb Hammer? Okay, you didn't say that. You said Monday, Wednesday, Friday. Again, how am I able to have any kind of assessment if you refuse to answer a question sufficiently?
30:35 Speaker 04 I am perfectly capable of working, but I don't want to work seven days a week.
30:40 Caleb Hammer? I don't give a fuck what you want. You're under by a thousand dollars and you have a wife who can't work and it is not her fault.
30:46 Speaker 04 Yeah, but I am not working seven days a week while I'm in school.
30:49 Caleb Hammer? Yes, you are.
30:50 Speaker 04 I'm going to fail school. That's gonna be more student loan money that I'm gonna have to do.
30:53 Caleb Hammer? But you said you did school Monday, Wednesday, Friday. You did not say Saturday and Sunday.
30:56 Speaker 04 I do school Wednesday, Thursday, Friday.
30:57 Caleb Hammer? Wednesday, Thursday, Friday. You did not say Saturday, Sunday.
30:59 Speaker 04 Saturday, Sunday, okay. Like, maybe I could pick up a second job.
31:02 Caleb Hammer? Yes! That's what I just said. That's literally what I just said.
31:04 Speaker 04 That's what I'm trying to do for the summer right now. I'm applying to jobs currently for-
31:08 Caleb Hammer? Not for the summer. I'm saying what-
31:10 Speaker 04 If they hire me now, I'll do it, but I'm applying for these jobs.
31:12 Caleb Hammer? You can say so many- you can run the rest of this conversation of, yes, you're right, I will do that. I want to know why you didn't do it, because I will have no faith. It's just like someone who comes on, has all this debt and says, you know, I'm just gonna pay it off in the next year. By the way, that's exactly what they just said earlier in the conversation. How can I have any kind of belief in that if you have not been doing that? That is why I am trying to ask questions as to why you are not doing something, so we can diagnose and find a way to get you to actually do it in the future. The answer of, oh, I was just financially insecure and I'm not gonna be. That's not a fucking answer, buddy. You do not get anywhere in life with that.
31:46 Speaker 04 So why I didn't work?
31:47 Caleb Hammer? Yes, why are you not working on Saturdays and Sundays?
31:49 Speaker 04 Because I'm lazy. That's my time to recuperate from the week.
31:53 Caleb Hammer? Great. You married a lazy man who's not willing to keep the roof over him. How's that feel?
31:57 Speaker 04 She has a roof over her head, actually.
31:58 Caleb Hammer? For now.
32:00 Caleb Hammer? Keep going a thousand dollars in the negative every single month. We'll see how long that lasts.
32:06 Caleb Hammer? You married a lazy man. How does that feel?
32:08 Speaker 05 Um, I don't, I don't think he's lazy.
32:09 Caleb Hammer? Really?
32:10 Speaker 05 I think he's okay.
32:10 Caleb Hammer? He's not willing to work Saturday and Sunday?
32:13 Speaker 05 Yeah, I think he should take a break as well.
32:15 Caleb Hammer? You don't want the bills paid?
32:17 Speaker 05 He does pay the bills, but I think-
32:19 Caleb Hammer? You are under by a thousand dollars and debt is going up and we're at the seventy thousand dollars since you went unemployed. What are we talking about? You're going further in debt. That's not paying the bills. Do we know what paying the bills are? A little concerned that both of you do not know what paying the bills are. Which makes you a little nervous for the future of this conversation. Going to debt is not paying the bills. We do realize this, right? That is actually additional bills now?
32:40 Speaker 05 Yeah, but he is working two jobs and going to school, so I do not think he's lazy.
32:48 Caleb Hammer? He is not making enough when he has time to go make more money and he is choosing not to. And he just said, because I'm lazy. That was his own words. He literally just said he was lazy.
33:00 Speaker 05 Yeah, but I don't think he's lazy.
33:02 Caleb Hammer? Oh my gosh, he's not making enough money when he has the choice to go make more money. I don't know what to do. This sucks. It sucks not to have a break. It sucks not to have a break. We all want to have a break, but we all sacrifice in the time of need and you're in the time of need.
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34:00 Caleb Hammer? So you can do it. I'm not thrilled to say go do it. I don't want to see you be out there. Well, I don't want to see you.
34:17 Caleb Hammer? Thanks. I don't want to see you, you know, just working away. It's not, okay?
34:23 Speaker 04 I'm currently applying to jobs and that's what sucks is like I'm going to have to work these seven days a week until her work permit comes in, but that's a crapshoot when it comes in. They basically said because they fired USCIS representatives, everything's getting pushed back, so we don't know. Currently in the process of applying for jobs, but it all depends on who gets back to me. I have remote jobs I've applied for. I have, you know, like local Harbor Freight, Home Depot, Target, that sort of thing.
34:48 Caleb Hammer? Do them.
34:48 Speaker 04 I'm just waiting to hear back. Like, that's the thing.
34:52 Caleb Hammer? What is your resume? Because you're the only person in the entire world that will apply to thousands of jobs and not get one interview.
34:58 Speaker 05 That's not true. That's not true. I also applied to multiple jobs.
35:02 Caleb Hammer? Okay, no offense. You're in a very unique situation.
35:04 Speaker 04 Yeah.
35:04 Speaker 05 True.
35:04 Caleb Hammer? You do not qualify in that.
35:06 Speaker 04 Yeah, because yours before, like, you have to, because your social says you can't work. You had to put like, hey, I can only work till August of 24. And people aren't going to hire you for that.
35:15 Speaker 05 Yeah, but that's not why I had my resume.
35:19 Speaker 04 Yeah. But I mean, like, it does suck that, like, we're in this position. And like, obviously, I want to take care of my wife. Like, I want her to be like, happy. And we're not in debt and all this stuff.
35:29 Caleb Hammer? You want to, but you don't. But then you don't need the one-time purchases. I'm still not aligned with, I do not accept your one-time purchases. You chose to do them. Chose to do them. If we are caring about the household, it is not getting a fucking dream bed frame or whatever. I don't even know. The couch, we don't need that. We get a fucking, we get a used couch off of Facebook Marketplace.
35:50 Speaker 04 And I think, looking back into like, us making those one-time purchases, in the moment, it felt like we had the finances for it. But obviously, looking back on it now, seeing how much debt that we're in, it's a huge mistake, right? Like, we're in all of this debt because we were stupid when we had the money. But I think now we can use that as a learning experience and to not do those stupid mistakes going forward.
36:12 Caleb Hammer? Okay, let's play, let's play a little game I like to call Special Little Game.
36:20 Speaker 04 It's a good name.
36:21 Caleb Hammer? Again, just self-assessing where you guys are at. And we're going to jump into the numbers, which is what you really, really want. You guys are fucking like, oh, we've got to get into the numbers.
36:30 Caleb Hammer? Okay. I want you guys to point to the person you think is the cause of this, okay? I'm going to ask you a question. You're going to point to, it can be pointing to yourself. You can be pointing to each other at the same time, okay?
36:41 Speaker 04 Okay.
36:41 Caleb Hammer? So, the moment, the moment after I ask it, make the point, okay? Who is the most likely to hide their spending?
36:50 Caleb Hammer? Okay, it's interesting. We'll get into that. Who's financial spending is sabotaging the relationship? Who is currently more responsible for the finance, for the relationship's financial stressors? Oh, we both think it's ourselves. And between the two of you, who needs financial out of the most?
37:13 Caleb Hammer? You both think it's yourselves. So why are you both? Cause you both just thought you were for the last two.
37:17 Speaker 04 So I think the second to last question, why she thinks like the financial situation sabotages her? Because I think she feels like she's a burden on the relationship because she's not able to make an income.
37:30 Speaker 05 Not only that, I do not like to cook, so I like to get some takeout a lot.
37:36 Caleb Hammer? Why do you think he said himself?
37:38 Speaker 05 I don't know.
37:40 Caleb Hammer? Oh, come on. He's your fucking husband. I hope you know something about him. Why does he think it's him?
37:45 Speaker 05 Yeah, I don't think he spends more than I do.
37:47 Caleb Hammer? Why do you think he thinks it's him?
37:52 Speaker 05 I don't know. I really.
37:53 Caleb Hammer? Lady, that's not good. That is, that is not good that you can't even like get in the brain of your man?
37:59 Caleb Hammer? Oh boy, okay. And when it was most likely to hide their spending, you both pointed to her. What the fuck are you hiding?
38:07 Speaker 05 I'm not hiding anything, but um, I like to buy skins in video games and not tell him.
38:15 Caleb Hammer? Okay.
38:15 Speaker 05 Yeah.
38:16 Speaker 04 Marvel Rivals, she loves it. But if someone were to hide it, it would be her with like video game stuff.
38:22 Caleb Hammer? And who's financial spending is sabotaging relationship? You both pointed to you.
38:26 Speaker 04 Yeah.
38:26 Caleb Hammer? Why?
38:27 Speaker 04 So I think, I mean, a lot of the burden, all the burden for financial stuff falls to me when it comes with like making money and stuff.
38:34 Caleb Hammer? Spending, financial spending is sabotaging.
38:36 Speaker 04 And so with the spending.
38:36 Caleb Hammer? The one-off purchases that I'll never happen to get in our entire lives.
38:39 Speaker 04 So with the spending and stuff, um, a lot of the stuff that we spend, like, I don't necessarily have to like approve it, but we both talk about it and it's like, I don't agree on it. It won't be spent. So like if she wants to go and spend a bunch of money at.
38:52 Caleb Hammer? Well, is that why you guys pointed to her for the secretive spending? Do you feel like you do secretive spending because he won't give permission if you ask?
39:03 Speaker 05 Uh, it's not that he won't give permission, but I know what I'm gonna spend on is dumb and I just don't wanna tell him that I'm spending my money on dumb stuff.
39:10 Caleb Hammer? And you know he won't agree with it?
39:12 Speaker 04 Yeah, it's not that I won't approve it because like-
39:14 Caleb Hammer? Well, how do you deal with that? How do you deal with her just go spending without the communication of it?
39:19 Speaker 04 We have like a boundary, um, like she's not gonna go nuts with like-
39:23 Caleb Hammer? Well, what do we qualify?
39:24 Speaker 04 Like, maybe once a month she buys like a twenty dollar skin for-
39:28 Caleb Hammer? That's not crazy, but is that all we're talking that's happening?
39:31 Speaker 04 Like, she doesn't ever financially hide stuff.
39:33 Caleb Hammer? You don't do more than that?
39:34 Speaker 04 No, she went one time, um, it was with loose, one of your friends, um-
39:42 Caleb Hammer? Okay, I'm gonna go three, two, one, go. On go, I want you guys to give me your household financial score of where you think you are. Zero to ten, zero being the worst, ten being the best. Three, two, one-
39:52 Speaker 04 Five.
39:52 Speaker 05 Eight.
40:00 Caleb Hammer? Do you want to translate?
40:01 Speaker 04 For me or for her?
40:03 Caleb Hammer? Well, she thinks it's an eight, dude. I feel like you should deal with that.
40:07 Speaker 05 I think it's good.
40:08 Speaker 04 I think she thinks because-
40:10 Caleb Hammer? Buddy, you have seventy thousand dollars of debt.
40:12 Speaker 04 Because we have a roof over our heads, we have cars, like our-
40:14 Caleb Hammer? You know all that can be taken away. You bragged about the roof over your head a second ago when I said, okay, he's not making enough to be able to actually do that. You know, you know that is not a permanent thing. Roofs can be taken away because you do not own your roof.
40:28 Speaker 04 But those, like mandatory expenses that we have, um, so like health insurance, um, roof of our head, groceries, that sort of stuff, that is all one hundred percent taken care of.
40:38 Caleb Hammer? Then why is last month a thousand hours more than we brought in?
40:42 Speaker 04 So, the mandatory expenses are covered. The extra stuff is the stuff that's kinda fucked up.
40:47 Caleb Hammer? Are you okay with that? A thousand hours more than is coming in being spent? Eight hundred.
40:53 Speaker 05 Yeah.
40:53 Caleb Hammer? You're okay with that?
40:55 Speaker 05 Yeah, I'm okay with it.
40:56 Caleb Hammer? What the fuck did you attach yourself to, dude?
40:59 Speaker 04 She is-
41:02 Speaker 04 It very
41:03 Caleb Hammer? Yeah, it sounds like from from what you were saying earlier, you want to change. And I vibe with that. I didn't like the answers to your given because they felt like cop outs. However, I do feel that you want to change.
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41:44 Caleb Hammer? How are you guys gonna stay together with that mindset? Because that mindset is beyond conflicting with what you want to do.
41:50 Speaker 04 Sometimes it can be a struggle to do stuff because she's very like happy minded and like go lucky with the attitude and stuff. And I tend to be more looking on the negative side of the aspect.
42:02 Caleb Hammer? It's not just negative. You want to change, but she's okay with spending a thousand hours than you guys make. She's literally okay with that? How can you guys ever vibe on money? Ever?
42:12 Speaker 05 Uh, I'm okay with it, but I also do want to change very much.
42:19 Caleb Hammer? How do you back? How that doesn't make any sense. How can you do both? How can you be okay with spending 30% more than is coming in? But you want to change. That doesn't make sense.
42:29 Speaker 04 It's hard. Like I said, she has that happy go lucky mindset. So my impression of it is she thinks everything is okay, even if we're spending 30% more. Because we have food on the table, we have a place to live, we have cars, medical insurance. She has her doctor's appointments and all that. But she also does know like the position we're in is not okay. Having to balance transfer credit cards and all that sort of stuff. I just think she's trying to look on the brighter side of it and say it's okay. Because we still have a place to live and we have food on the table.
43:03 Caleb Hammer? Alright, if you want your Hammer Financial Score, wanna see where you stand in the world of finances, go to CalebHammer.com or click the link in the description below. And make sure you take advantage of our budgeting app so you don't end up like them. And if you sign up for the annual version, I will sign our cookbook that you can't purchase or get anywhere, and I'll mail it directly to you. So make sure you download the budgeting app today, also in the description. Come on the show, CalebHammer.com/apply, here in Austin, Texas. We'd be happy to have you. Okay. Okay. Oh, you've been waiting for it your entire life. The dude's about to fucking come.
43:34 Speaker 04 I like to look at the numbers.
43:35 Caleb Hammer? We're about to just talk about Discover.
43:36 Speaker 04 The numbers are bad, but I like to look at them.
43:38 Caleb Hammer? He loves to look at how bad they get. It's his little kink, okay.
43:42 Speaker 05 I didn't know they were that bad.
43:43 Caleb Hammer? What's his kink? I can tell he's a freak. He likes hitting peg, doesn't he?
43:48 Speaker 05 No.
43:50 Caleb Hammer? What, you got sister? Is that what you were just telling me?
43:53 Speaker 04 No, I'm vanilla.
44:00 Speaker 04 I don't think you'd believe me.
44:02 Caleb Hammer? Okay. Nine thousand, three hundred, thirty-six dollars on this Discover card. What the fuck is that? With purchases, only the minimum monthly payment being made, and then interest of thirty-four dollars and sixty-four cents being made. How long does this take to pay off? You might know. So how long does this take to pay off if you only do the minimum monthly payments without purchasing? Which, by the way, isn't capable in your household, because you're okay with spending thirty percent more than you make. Go ahead. How long does this take to pay off only doing minimum monthly payments, no purchases?
44:28 Speaker 05 Uh, maybe a year or two?
44:31 Caleb Hammer? That's interesting. Twenty-six years.
44:33 Speaker 05 Twenty-six years?
44:34 Caleb Hammer? Yeah, before we go to Zambia.
44:35 Speaker 04 Yeah.
44:36 Caleb Hammer? Zambia.
44:38 Speaker 05 Oh, well, I thought it was like one to two years.
44:41 Speaker 04 No, it's just the middle.
44:42 Caleb Hammer? Twenty-six years. Yeah, maybe you don't spend thirty percent more than you make.
44:47 Speaker 05 Damn.
44:47 Speaker 04 Cause that was a balance transfer from Amex.
44:50 Caleb Hammer? That's why sometimes it's worth working on the weekend, even when we're tired. Not that we want to, not that we want other people to. I don't want people to conflate that wrong. But sometimes, look where it puts us. Twenty-six years and the longer we put that off by making the less, making less and spending more, the longer that goes. That gets to thirty years before you know. That gets to thirty-five years before you know. That gets to your deathbed before you know it. Hey guys, always ask me, Caleb, what do you invest in? Honestly, I keep it pretty boring. Take a look at this. Take a look at this. This is my investments right here. And this is why you gotta follow me on Blossom. If you wanna see just that. A couple of weeks back, I stumbled upon this social investing app called Blossom and thought, alright,
45:35 Caleb Hammer? let's give it a try. And it turns out, it's actually really cool. And to be clear, they're not a brokerage. Blossom is a completely free social media platform. They're not your typical investing app. It's social, meaning you can follow exactly what I'm investing in and you can check out my portfolio in real time and even discuss strategies with me and other investors. There's no guessing games, just clear transparency. So if you're curious about how I'm investing or just wanna get smarter with your money, download Blossom right now and you can follow me at Caleb Hammer. I'll be sharing my exact portfolio breakdown, investing tips, even responding to your questions. It's totally free, super simple and way more fun than just guessing stocks alone.
46:15 Caleb Hammer? So hit that link below, join me on Blossom and let's grow our money together. Seriously, right now you can actually see what my portfolio looks like today. Okay.
46:25 Caleb Hammer? Minimum monthly payment, a hundred eighty-seven dollars, which by the way, that minimum monthly payment alone stacked on, on what I'm guessing is even more similar ones for your income situation is a disgusting minimum monthly payment.
46:36 Speaker 04 The bright side of that was it's still interest free for...
46:40 Caleb Hammer? What? No interest is being charged, thirty-four dollars and sixty-four cents.
46:43 Speaker 04 That's a balance transfer on her Discover. So that should still be interest free.
46:46 Caleb Hammer? No, no, no, no. Hold on one second.
46:48 Speaker 04 Cause we...
46:49 Caleb Hammer? No, no, buddy, there, first of all, that is four percent. So it's not interest free. You are four percent on nine thousand two hundred twenty-two. But then, yes, of two hundred thirty-two dollars, you are facing nearly eighteen percent. So no, there is still interest happening. Four percent is not the end of the world, but it is still brutal. That is four percent on a large number, making your minimum monthly payment higher on an income that can barely afford it. And why are we balance transferring like that?
47:15 Speaker 04 Interest.
47:16 Caleb Hammer? The interest. Now, what happens a lot psychologically, of course, we know people balance transfer. They think they've made the progress, so they don't do anything more. And it is being suggested in your overall behavior that that potentially is mentally what you guys thought, because you did not make more than a minimum monthly payment. So you guys let your foot off the gas when you do something like this.
47:35 Speaker 04 Well, for that card in particular, we've only been making the minimum monthly payments because we've been paying off other cards.
47:41 Caleb Hammer? We'll see. I'll go through the debt. I, that better be the case, and I hope that's the case.
47:46 Speaker 04 I paid off one card and a personal student loan.
47:48 Caleb Hammer? I mean, they're telling me you're about to buy a new fucking fan.
47:51 Speaker 04 A fan?
47:52 Speaker 05 Yeah.
47:52 Caleb Hammer? Yeah.
47:53 Speaker 05 Yeah.
47:56 Caleb Hammer? Like, what kind of fan? Like, twenty dollar fan?
47:58 Speaker 04 Cheap room fan, yeah. Like, we want to get like a nice fan, because like-
48:03 Caleb Hammer? So that you can use the balcony?
48:04 Speaker 04 Because our AC is so expensive for our electric bill, because our big patio door that we have is sealed horribly.
48:13 Speaker 04 So it constantly runs the AC.
48:14 Caleb Hammer? You can kind of fix that handyman style, though.
48:16 Speaker 04 Well, so, the building is super old, so all of the stuff, like, the rubber around the door is all, like, off, and the building's not going to replace that unless they have to replace the whole patio door, and they will not replace the whole patio door. So we have, for the summer, we have big, or for the winter, we have big-
48:36 Caleb Hammer? And this was your everyday spending card, historically?
48:40 Speaker 04 The AMX's.
48:41 Caleb Hammer? Oh, the one that you transferred into this?
48:43 Speaker 04 Yeah.
48:43 Caleb Hammer? Why do you have an everyday spending card?
48:48 Caleb Hammer? A credit card? You guys are not credit card people. You don't know how to manage that to save your life. You put one-time purchases that never happen again for the rest of your life over these.
48:56 Caleb Hammer? Because no one ever buys more than one couch.
48:59 Speaker 04 Yeah, um, so like, even with the fan, like our electric bill, just trying to get that high, we have big plastic tarps over our windows right now.
49:05 Caleb Hammer? I don't care with a twenty dollar fan. That's not the big, that's not the big issue for me. It's just like, it's the behavior that got us here in the first place that we're certainly not fixing, because we spent eight hundred dollars more than came in.
49:16 Speaker 04 Last month, um, four fifty of that should have been for her passport, which is like.
49:21 Caleb Hammer? Four fifty out of eight hundred, we're talking about half. Come on, what are we doing?
49:24 Speaker 04 Yeah, um.
49:25 Caleb Hammer? Shouldn't be going out to eat literally once if we're in our negative. If we're in the red, we're not going out to eat once. I don't give a.
49:31 Speaker 04 And that's a big problem that we have is like, I, she sometimes doesn't want to cook and I am a.
49:36 Caleb Hammer? Not a choice. You don't have a job. I don't give a, that's not like traditional values or anything. I don't give a, you don't have a job, that's your job. Cause you guys can't afford anything. That's just math.
49:45 Speaker 04 Yeah. And so to go out to like sheets or Dairy Queen or.
49:48 Caleb Hammer? No, why, why, why the is that even a choice? Why is that a choice? Why do you feel like you aren't, you don't get to participate in the, the, the, the, the making progress?
49:57 Speaker 05 Because I hate cooking.
49:59 Caleb Hammer? I don't give a, he probably hates working his extra job.
50:02 Speaker 05 Yeah, but I, I hate cooking.
50:04 Caleb Hammer? I don't give a, he probably hates working his extra job. Can we say something that wasn't just copy and paste it?
50:14 Caleb Hammer? Do it, just do it. Just like you didn't want to do the thing that was required at your last job when it was your job. Uh, maybe you just have to do it. Why don't you meal prep a couple of times a week so you just warm it up? So it's not a fresh cook every single time.
50:27 Speaker 05 Yeah, but we both do not like leftovers.
50:30 Caleb Hammer? I don't care what you guys, like stop using this word. Like, I don't give a, you, do you guys realize that your debt is getting worse?
50:38 Caleb Hammer? You can lose your roof over your head if you can't pay rent and when your debt gets worse, your minimum payments go higher, which means. Oh, at some point we might not be able to pay our rent. That roof over here, that precious roof that we really like.
50:53 Caleb Hammer? Yeah. So I don't give a about, I like, or don't like. I like the roof over your head. I like survival. Can we choose that, please? Can we choose any inkling of responsibility? Guys are in your upper to mid twenties, mid to uppers.
51:13 Caleb Hammer? You can act like adults, I promise.
51:15 Speaker 05 I can try, but I don't know if I could actually do it.
51:18 Caleb Hammer? What the fuck are you doing here, dude? What are you, was this a desperate attempt at marriage? Like, what are we trying to do?
51:23 Speaker 04 No.
51:23 Caleb Hammer? She's okay with spending more money. I'm, I'm sorry, I'm being rude, but I don't give a like, she's okay with spending more money, you're not. She, you're, you're willing to sacrifice by going and working your ass off. She's not willing to literally cook a meal. What are we doing? How you guys like vibe and last together?
51:41 Speaker 04 There's behaviors that have to change on both four parts, and those are behaviors that have to change. I have to work more, she has to maybe like step up a little bit when it comes to household stuff.
51:50 Caleb Hammer? But you're at least applying for jobs. She's not making the steps towards stepping up.
51:55 Speaker 04 Yeah, uh, like, these are things that, you know, we have to work on in our relationship and stuff. And I think this is kind of
52:01 Caleb Hammer? Be honest with me, not, not, like, don't mince your words just because it's right here. Do you feel any kind of resentment here?
52:07 Speaker 04 No, I, I love her very, very much. There's no resentment.
52:10 Caleb Hammer? There's nothing, there is no, no part of the fact that she's not willing to sacrifice, but you're willing to sacrifice everything?
52:16 Speaker 04 I don't use the word resentment. There are times that, you know, I wish she would cook sometimes, but never do I resent her in any way.
52:23 Caleb Hammer? Okay.
52:24 Speaker 04 Like, I, I, if, if I ever felt any sort of resentment towards her, I don't think I would have ever married her.
52:31 Caleb Hammer? I don't know, you guys married after a year?
52:34 Speaker 04 We did. I, I think we were both kind of at that stage in our lives where we realized, you know, we were perfect for each other. So that's why we got married. We vibe very, very well together. Our finances, you know?
52:44 Caleb Hammer? How were we perfect for each other?
52:47 Caleb Hammer? Are you sure we weren't perfect for the situation?
52:49 Speaker 04 No, situation, um, I was looking for girlfriends, she wasn't looking for anybody. Um, but
52:55 Caleb Hammer? Well, were you looking to stay?
52:57 Speaker 05 No.
52:58 Caleb Hammer? You were gonna go back to Zambia?
53:00 Speaker 05 Yeah. Yeah.
53:02 Speaker 04 Yeah, she was
53:03 Speaker 05 It was to go back home.
53:04 Caleb Hammer? I gotta look up for Zambia.
53:05 Speaker 04 Yeah, she was fully set on going back home and then, um, we ended up dating and realized, you know, we both have the same goals in life, don't want kids, um,
53:15 Caleb Hammer? It's a cool flag.
53:16 Speaker 04 And all that sort of stuff. So I think we kind of just hit off based on what our future expectations were.
53:23 Caleb Hammer? Are you sure you guys want to live there?
53:25 Speaker 05 Yeah.
53:25 Speaker 04 Where she lives, she lives in the capital city, so it's very nice.
53:29 Caleb Hammer? It's just in that, that, that, that Like equator belt.
53:33 Speaker 04 Yeah, the copper.
53:34 Caleb Hammer? That is just like so hard to develop because of just so many natural problems that aren't even people's faults. It's like the and no like no deep water ports endless diseases very hard to tame nature there. And it's just like, is that where we if we get to choose to live somewhere that we're choosing, it's not an African thing. Okay, oh, south and north, but that middle part, that's just rough. That's just rough.
53:56 Speaker 04 The rough thing about it is where big reason why we're not going over now is because they have load shedding. So they shut off your electricity for part of the day, like every day.
54:03 Caleb Hammer? That's where I want to live.
54:04 Speaker 04 And their internet is absolutely atrocious.
54:06 Caleb Hammer? And I know you're addicted to that. So that's like.
54:10 Speaker 05 Yeah, but the quality of life there is so much better than here.
54:13 Speaker 04 And cheaper. Like, once you buy a house there.
54:15 Caleb Hammer? In which way?
54:16 Speaker 04 If you buy a house over there, it's yours forever. There's no property tax. If you don't pay your utilities, it doesn't matter. The house is yours until you die.
54:25 Caleb Hammer? There's no utilities to pay for sometimes. They turn them off.
54:27 Speaker 04 Oh, well, you still pay for them.
54:28 Speaker 05 I mean, you still pay for them, yeah, but they turn them off.
54:31 Speaker 04 But it's much cheaper.
54:32 Caleb Hammer? I'm paying for things I don't get.
54:33 Speaker 04 But everything over there is much, much cheaper.
54:34 Caleb Hammer? It's much cheaper and it's for a reason. It's because you also don't like make any.
54:37 Speaker 04 Yeah, and they don't have credit, like a credit system over there. So there's no like mortgages or credit cards. It's if you want a car or a house, you pay.
54:43 Caleb Hammer? How much is a house?
54:45 Speaker 04 Um, you can get housed like US dollars anywhere between like 20 for something like kind of.
54:51 Caleb Hammer? This is why you don't need a loan for it.
54:52 Speaker 04 Or they have houses that go up to like three, 400,000 US that are like giant mansions over there.
54:57 Caleb Hammer? I'm sure you can find a loan for it.
54:59 Speaker 04 Yeah, probably, but I don't really know the market.
55:02 Speaker 05 We I don't think that we have loans for homes. There are no loans, loans.
55:05 Caleb Hammer? You're literally saying no one could find a loan for a home in Zambia.
55:09 Speaker 05 Well, last time I was there, there was nothing like that.
55:13 Speaker 04 Could be new. It's been a couple of years, but like cars over there, like you buy your car full cash, no interest payments.
55:19 Caleb Hammer? How much is a car?
55:21 Speaker 05 Uh, about maybe 5K.
55:23 Caleb Hammer? Okay, see, this makes it like we're going and get a new car here. We're talking 4050.
55:28 Speaker 04 Oh, yeah, insane.
55:29 Caleb Hammer? It's a different situation. And yes, you can borrow to buy a home in Zambia. Several financial institutions offer various mortgage products tailored to different needs, including purchasing, building or renovating a home. Zambia National Building Society, Zambian Home Loans, Zambian, uh, Static Bank Zambia. Asaba Bank Zambia, Zambia National Commercial Bank.
55:51 Speaker 05 Yeah, but I have never heard it. Yeah.
55:54 Caleb Hammer? I get what you're saying. I get what you're saying. There's a reason. When people brag about why something is so cheap, there's a reason.
56:02 Speaker 04 Yeah.
56:03 Caleb Hammer? And you also, it's the cost of living. When you, when, when everything's very expensive in the Bay Area, you also make it significantly more.
56:10 Speaker 04 Yeah.
56:12 Caleb Hammer? But do it. If you guys want to, I'm certainly not against it.
56:15 Speaker 04 Yeah, I'm fully in. I'm obviously have to repay stuff off because making a Zambian salary over there is not going to pay like student loans.
56:21 Caleb Hammer? Oh, yeah, that's my issue. And we have $70,000 to pay off, but no behavioral change.
56:26 Speaker 04 But a lot of the compromises that we would get from living over there, I'd be perfectly happy with.
56:29 Caleb Hammer? There'll be some once in a lifetime purchases once you move there.
56:35 Caleb Hammer? Blue Cash every day. What's going on with this card?
56:37 Speaker 04 So that's our everyday spender. I opened that maybe three years ago and then put her
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57:12 Speaker 04 On as an authorized user after we got married. Um, so that's kind of what we spend up until a month ago when we got a Sam's Club card. Um, spending groceries on, gas on.
57:22 Caleb Hammer? You paid last month's off. We're at $1,079. Is this always paid off?
57:27 Speaker 04 Um, not always, but the balance on that one, I usually put well over the minimum on that. I usually put 400 a month towards that.
57:34 Caleb Hammer? Well, that wouldn't pay it off. We're at $1,079.99. Let's just put the minimum monthly payment for budgeting purposes, $40.
57:42 Caleb Hammer? Okay, four years just to pay that off, by the way, if you only do minimums. Wendy's, Spotify.
57:51 Caleb Hammer? Aren't you gonna miss Wendy's?
57:53 Speaker 04 I will miss Wendy's. That's where our first date was.
57:55 Caleb Hammer? Aren't you gonna miss Wingstop?
57:56 Speaker 04 No.
57:57 Caleb Hammer? Raising Cans. Aren't you gonna miss Raising Cans?
57:59 Speaker 05 I will.
57:59 Caleb Hammer? Sheets, Sheets, Hulu, Dairy Queen.
58:06 Caleb Hammer? It's like, we just can't be, like, when we're literally under on a monthly basis. Or even, even if we're breaking even, but this month we have a big passport thing, right? Then you have to cut on the stuff. That is just what an adult does. That is what someone who is sacrificing to. And guess what? Your sacrificing of having to work more? Is now because you refuse to sacrifice and cut your spending before. You've gotten yourself in debt where your minimum monthly payments are higher. You are now forcing yourself. Like, you could have maybe worked an extra, you know, five, 10 hours a week to break even? Before, but then you chose to spend way more than you made. So now you're forcing yourself to work an extra 20, 30 hours a week. And that is no longer a sympathy, "Oh, I'm sorry you have to do that." Because you chose to do that now.
58:47 Caleb Hammer? You chose to make the spending that has boosted these minimum monthly payments to where you no longer have a choice. Are there any big expenses coming up too, like? That passport?
58:58 Speaker 04 So, um, she just had in the past two weeks, four fillings. Um, we do have dental insurance.
59:04 Caleb Hammer? Good, but usually that isn't, it's not great.
59:06 Speaker 04 It, it only covers 50%ish, I think. So for her four fillings out of pocket, that was about $400.
59:15 Speaker 04 And then she has this, two of her wisdom teeth coming out at the end of next month.
59:19 Caleb Hammer? How much is that gonna cost?
59:20 Speaker 04 So, they gave us the bill before insurance, because they don't know what insurance is gonna cover. It's 1,400 before insurance. So usually, they said insurance covers maybe a little over half, 65%ish. So maybe around 500 to 700, depending on what they cover. And then, she's had dental work. 14-ish fillings over the past year and a half.
59:43 Caleb Hammer? Oh my, yeah.
59:44 Speaker 04 And, uh, that was-
59:46 Caleb Hammer? That's crazy!
59:47 Speaker 04 That was before we had insurance. Um, so that was all out of pocket, which was probably around-
59:51 Caleb Hammer? How much did that cost?
59:51 Speaker 04 Four grand total.
59:52 Caleb Hammer? Oh!
59:53 Speaker 04 And that was Care Credit credit card. That was all interest-free for 12 months that we paid off. Um, so that's all paid off, but it was still $4,000 for all of her dental work. Because they don't, how we do in America, go to the dentist every six months. They don't. They go when their teeth hurt. So. Her teeth never hurt. Zambians.
1:00:15 Speaker 04 Zandians.
1:00:17 Speaker 05 Yeah, plus I also don't like going to the dentist at all.
1:00:21 Caleb Hammer? Well, no one likes to.
1:00:23 Speaker 04 Yeah, but hopefully after these teeth are done, I mean, half of her teeth are filled, so she should be okay.
1:00:29 Caleb Hammer? Okay, okay, teeth are not one-time purchases. I don't know if you know this, but they also exist for the rest of her life.
1:00:35 Speaker 04 Yeah.
1:00:35 Caleb Hammer? And until you pull them out. So no, that's not how that's gonna work. More work will be done in the future. If you both want to keep all your teeth.
1:00:43 Speaker 04 I think a big reason why she got a lot of the dental work done at the beginning was because she never really saw a dentist over in Zambia, because her teeth never hurt. When we started going every six months here, they went, oh, my God, like, you have so many cavities.
1:00:56 Caleb Hammer? I'm sure you had a lot more sugar when you came here.
1:00:58 Speaker 04 Yeah.
1:00:59 Caleb Hammer? Just, it just, yeah, comes in our diet.
1:01:02 Speaker 04 Yeah, so hopefully now with her seeing the dentist every six months and she's taking care of her teeth much, much better, that maybe only one filling every now and then rather than eight, nine, 10. So hopefully much, much cheaper.
1:01:16 Caleb Hammer? Over the past year and a half, my team and I have worked with experts to create the literal best four financial education programs on the entire internet. And even with a full month for a money-back guarantee, we have the lowest refund rate in the entire industry by far. So I'll teach you how to budget, no matter where you are in life, how you should be investing based on your investing profile, and how to get into real estate for the very first time, or grow a massive rental property empire like I have in my own life. And I can also teach you how to get out of bad debt, but also utilize good debt to your advantage. And each of these is available individually in the education section in the description below.
1:01:59 Caleb Hammer? But at the top of that section, you can also bundle all four of them together for 15% off. So join the over 10,000 people who have gone through my educational programs and have changed their lives. And to learn more, just go to CalebHammer.com or just click those links in the description below. Yeah, and apparently you can just go crazy on birthdays. You got them a fucking massive Oculus, Black limited edition Steelers tickets, such coins, getting couples massages. This is like you guys are spending so much money when one is not working and the other one makes peanuts. You guys are living a lifestyle that you're not even close to. And it is putting you in such a bad place.
1:02:46 Caleb Hammer? And so I really like, I really don't care, like live wherever I am. You know, I'm cheeky, I make jokes, whatever, it doesn't matter. Um, but it's like, you guys are living the bougie lifestyle. Like, how's it gonna translate to over there? It's like, like, I'm very curious to see the kind of lifestyle you guys live over there. But either way, you're never paying off the debt and saving up the money that you want to live. Make it over there, if you got a million bucks saved up, compound interest and all that good stuff. By the time, yeah, you could live like kings, right? But that's like, you're never gonna get there if you're living a hundred and twenty thousand dollar lifestyle. Like you guys refuse not to do essentially off of twenty, thirty thousand dollar a year income. So I don't know how we're ever gonna get to that Zambian point.
1:03:30 Speaker 04 So the like bougie in Zambia, even making twenty thousand dollars here is rich.
1:03:34 Caleb Hammer? I get that, but it's the lifestyle, like you have access to all that stuff over there that you like to do. In either way, okay, great. So that's if a coup doesn't happen.
1:03:43 Speaker 04 That's true.
1:03:46 Caleb Hammer? Uh, I'm just saying, if you're living the hundred twenty thousand dollar a year lifestyle now, while making thirty, how are you ever gonna pay off this debt and save up the amount of money that you want to have to live over there? So you don't have to make that, you know, median salary or whatever. Now, I looked up their GDP per capita, not even the median salary, but let's say you make a thousand dollars a month. You know, you wanna save up more money to live that higher lifestyle there. How do you get there if you're living off a hundred twenty now?
1:04:12 Speaker 04 Yeah, so I like, I think this shows kind of the big kick in that both of us need. Um, to like essentially change everything that we're doing with how we're spending money. Like obviously I'm gonna need to work more whenever she gets to work, like over time, if they allow it. Um, so like, I think this is the big kick in the ass we need to get that debt away. And then we can save up for a couple of years and then we could be perfectly fine living over there. Um, it's not a guarantee that we go over there and like five years or 10 years or 20 years or whatever. Um, we'll just get to it whenever that comes around, but we do need to pay off this debt first. Like that is number one priority to us.
1:04:47 Caleb Hammer? With a master's degree, with a lot of experience in Zambia, you can make about three thousand dollars as a math teacher. But if you go private, you can get five thousand dollars.
1:04:56 Speaker 04 Okay.
1:04:58 Speaker 04 US or Quoche?
1:05:02 Speaker 04 US money or Quoche?
1:05:03 Caleb Hammer? US.
1:05:03 Speaker 04 That's good.
1:05:05 Caleb Hammer? For Quoche, you can go up to 106, 820 Quoches.
1:05:11 Speaker 04 Because what did you make over there when you were working logistics?
1:05:13 Speaker 05 10K.
1:05:14 Speaker 04 Yeah, it was like 800 US a month.
1:05:16 Speaker 05 Yeah.
1:05:16 Speaker 04 And that was like good salary for them.
1:05:19 Caleb Hammer? Yay. Let's do that again.
1:05:24 Caleb Hammer? Okay, City Double Cash. And I love this card. I use this card, but you guys are not credit card people. And the last one, yeah, you're right. You paid off the last balance, but you did have interest accruing this year, showing that you do not always pay off the balance, meaning you're not credit card people. Tell me these credit cards. It doesn't make sense. Takes 11 years to pay off. This card, you're only making minimum to payment. Looks like it's at a 0% period right now, but $3,092.50 is your minimum, or is your balance, with a minimum to payment of $41. 11 years to pay off, but interest kicks in in a year. No, less than a year. It's like nine months.
1:06:00 Speaker 04 Yeah. Yeah, that one, I think we transferred over in December. That was from the AMEX.
1:06:06 Caleb Hammer? So it's transfers to transfer, our transfers to transfer.
1:06:08 Speaker 04 Yeah.
1:06:09 Caleb Hammer? It's like, again, if we're transferring to transfer, you never get out of that and never save up the stockpile, the arsenal that you need to get over there.
1:06:17 Speaker 04 My thought process for transferring, balance transferring these was if we kept that whole balance on the AMEX card, being that that's at like a 27% interest rate, we wouldn't be able to make those minimums.
1:06:27 Caleb Hammer? I get that, but again, you're only making the minimums and you're never going to be able to go find Coney, okay?
1:06:31 Speaker 04 Yeah.
1:06:35 Speaker 04 Yeah, my thought process was do that, make the minimums until she can hopefully get her work permit, and then we can try and hammer down on those since I would like to pay the credit cards off first before like student loans or anything because they're the highest interest rate.
1:06:48 Caleb Hammer? I get that, but you just deferred it first. It's the can down the road.
1:06:52 Speaker 04 Yeah.
1:06:53 Caleb Hammer? I really get that. And I haven't seen a card that we're making that like, okay, so we're putting all our energy. Because even still, I have that one card where you paid off the balance, but you don't always, and you're certainly not this next month.
1:07:05 Caleb Hammer? You're still spending on it, which is not our hyper focus, you know?
1:07:09 Speaker 04 Do you think it would have been a better use to keep all of those balances on one card? Or do you think?
1:07:15 Caleb Hammer? It's less about that. It's about what you do after what you did.
1:07:19 Speaker 04 Yeah.
1:07:19 Caleb Hammer? It's not, you're not doing the hyper focus. You're doing the foot off the gas that a lot of people fear. Like Dave Ramsey is super against credit card transfers and is against consolidation. I'm not.
1:07:29 Speaker 04 Yeah.
1:07:30 Caleb Hammer? But with stipulation, not to do what you're doing, which is where you don't bring that intensity to it. When you see interest going away and being hit from it, you bring that intensity and that's why people like Dave are against it.
1:07:43 Speaker 04 Yeah.
1:07:45 Caleb Hammer? So it's just, it's the what you do after and what you're doing after.
1:07:49 Speaker 04 I think it was my thought process at the time was to have that be on like no interest or that 4% interest on the Discover one.
1:07:55 Caleb Hammer? I understand the thought.
1:07:55 Speaker 04 Just to give us a little bit of more leeway to try and pay some stuff off, but we don't have the money to pay the stuff off. That's the struggle.
1:08:02 Caleb Hammer? Because you still spend money.
1:08:03 Speaker 04 Yeah.
1:08:04 Caleb Hammer? We saw the spending and apparently you collect sports cards, so there's even more spending.
1:08:09 Speaker 04 Don't spend money on them though.
1:08:12 Speaker 04 I got.
1:08:12 Caleb Hammer? Wait, you like find them under a dumpster?
1:08:14 Speaker 04 I had a bunch of old sports cards from when I was a kid.
1:08:16 Caleb Hammer? Okay, I'm literally being told you've spent thousands and thousands on them, so I don't know.
1:08:20 Speaker 04 I, I got cards graded that I want to sell.
1:08:23 Caleb Hammer? And you have not spent thousands on them.
1:08:25 Speaker 04 Thousands? No. I spent to get them graded.
1:08:28 Caleb Hammer? The only way they get that information is if you tell them that information.
1:08:32 Speaker 04 Thousands? No. I spent to get them graded. It was like.
1:08:34 Caleb Hammer? Oh, sorry. Nevermind. I just wrote it wrong. They said you have thousands and thousands.
1:08:37 Speaker 04 Yeah, I have cards worth.
1:08:38 Caleb Hammer? What's it worth? What's your card collection worth?
1:08:40 Speaker 04 The, so the ones that I have graded, I have a bunch of like Paul Skeens PSA 10s.
1:08:44 Caleb Hammer? How much?
1:08:45 Speaker 04 If I sold them, if I sold them all right now on eBay, I'd probably make
1:08:51 Speaker 04 1,500 to 2,000.
1:08:53 Caleb Hammer? So why not for the sake of our family do that?
1:08:56 Speaker 04 That's what I've been thinking about doing, but at the same time, I'm like the one rookie who plays for the Pirates, the local team. He's the best pitcher in the MLB. So it's like, do I sell that now or do I hold on to it?
1:09:07 Caleb Hammer? We don't need a day trade. Let's just get out of debt to meet our future goals that we want to do.
1:09:13 Speaker 04 Yeah.
1:09:14 Caleb Hammer? What's, what's important? A card, a potential day trade of it or our family? I'm choosing our family. I'm choosing the household. That's what I'm choosing personally.
1:09:22 Speaker 04 Yeah, that was.
1:09:22 Caleb Hammer? Oh, and you collect too? What the f- do you collect?
1:09:26 Speaker 04 Manga.
1:09:27 Caleb Hammer? Manga? Because it's manga, isn't that anime something, right?
1:09:30 Speaker 05 Yeah, it's Japanese comic books.
1:09:33 Caleb Hammer? Okay. How much?
1:09:36 Speaker 05 About twenty dollars each, I think. And I have about, oh, thirty, some of them are thirty, because some of them are light.
1:09:44 Caleb Hammer? How much?
1:09:46 Speaker 05 Total?
1:09:47 Caleb Hammer? Yeah, how many?
1:09:47 Speaker 05 Oh, I have maybe fifteen of them.
1:09:51 Caleb Hammer? Okay, it's not the worst, but it's priorities of where we're going, man. It's priorities of where we're going.
1:09:58 Caleb Hammer? Yeah, I mean, we're gonna be kicking into that twenty-two point two-four percent interest, right? Like, that is not the life we want to live in nine months.
1:10:06 Speaker 04 No.
1:10:06 Caleb Hammer? And what is required to pay this off in nine months is certainly not what you're doing. You're only making the minimum payments, so... What that balance close at? Three thousand ninety-two, yeah. Nine months, you gotta do three hundred forty-three dollars and fifty-five cents a month.
1:10:23 Caleb Hammer? Oh, Sam's Club, okay, we keep going. Luckily, this one's relatively small. It looks like you might pay this one off every month, so I'm not gonna write it down as a debt. But right now, it's at one sixty-seven, sixty-nine.
1:10:35 Speaker 04 Mm-hmm.
1:10:36 Caleb Hammer? Because you purchased one ninety-seven, sixty-nine.
1:10:39 Speaker 04 Yeah, that one's for the Sam's Club groceries and gas that we just get there, and I do pay that one off every month. We just opened it maybe two, three months ago.
1:10:47 Caleb Hammer? Why are you opening new cards if you can't manage your other cards? I'm glad you've done this well for a few months, but your other cards are showing that you cannot do them all. In fact, your balance transferring to get out.
1:10:55 Speaker 04 Yeah.
1:10:55 Caleb Hammer? To get out of the world of interest. What is suggesting that you are safe enough with credit cards to be able to make it?
1:11:02 Speaker 04 I figured with that one, we only spend that at Sam's Club. That's not a spender that we use.
1:11:06 Caleb Hammer? Which I hope, for now, for now, it's three months, look what you've done with your history. It's the history thing. I know that if I have, uh, thin Little Debbie's in my house, that historically, I eat them. Oh, I did well for a month. I'm okay to have them in the house now. Uh-uh, I probably fall back into it. There are just human instincts, and you guys are clearly not good with budgeting, or spending, or managing, or credit cards. Whatever it is that we're discovering along the way. You might do well for a couple of months, this is a dangerous weapon.
1:11:40 Speaker 04 With...
1:11:40 Caleb Hammer? Weapon.
1:11:41 Speaker 04 With that card, that card never stays in my wallet. It always stays at home unless we are going to Sam's Club.
1:11:46 Caleb Hammer? Okay, for now.
1:11:49 Caleb Hammer? I agree with you and I believe you.
1:11:52 Speaker 04 Yeah.
1:11:52 Caleb Hammer? But it is based on your history that this is a ticking time bomb.
1:11:57 Speaker 04 And that's what I'm trying to not do with this one is do any of that stuff because I know it's a ticking time bomb. And so that's why I leave it at home and I never want to spend any money on it.
1:12:05 Caleb Hammer? I hope so.
1:12:06 Speaker 04 Other than just for our groceries.
1:12:07 Caleb Hammer? Is this the second Discover it?
1:12:08 Speaker 04 Yeah, it's my personal Discover.
1:12:10 Caleb Hammer? Oh, for fuck's sake. Okay, also paid off.
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1:12:40 Speaker 04 A month. Yeah. Yeah, that one, that's the one that we really hammered down on over the past maybe year, year and a half. I had a balance on that one of maybe like 4,000 that we just paid off.
1:12:50 Caleb Hammer? But even this spending on this is, I mean, it's fucking OpenAI and Microsoft Ultimate. It's like, and we can kind of cut that.
1:12:57 Speaker 04 Yeah, Microsoft Ultimate is my game pass for my Xbox. The chat GPT is what I help, uh, helps me make lesson plans for school and for my homework and stuff.
1:13:05 Caleb Hammer? Future is your children's education, ladies and gentlemen. It's.
1:13:12 Caleb Hammer? I'm just saying. Let's, we, the more and more and more we can cut out, the better because you are not making enough to survive.
1:13:21 Speaker 04 Mm hmm.
1:13:22 Caleb Hammer? You're a substitute teacher. Come on.
1:13:24 Speaker 04 Yeah.
1:13:25 Caleb Hammer? Um, come on.
1:13:26 Speaker 04 Not a one.
1:13:27 Caleb Hammer? Let's be honest.
1:13:27 Speaker 04 Yeah.
1:13:28 Caleb Hammer? Yes.
1:13:28 Speaker 04 It's stepping stone. Hopefully that stepping stone is done by the end of this year.
1:13:31 Caleb Hammer? Which I'm down for. It's just like, I don't think you need this right now.
1:13:36 Speaker 04 I, I can agree to that.
1:13:37 Caleb Hammer? Honestly, I'm gonna go Dave Ramsey about it. So let me get the hands on the armpits. You shouldn't even have enough time to be playing your Xbox with how much you're working to get out of debt. Okay, and honestly, there's a part of that that is true with you in this situation. It's a situational thing. Do I want you to do that forever? No, no one would suggest. People think I'm mean, oh, work can't spend money. Okay, they're little pussies. The fact is, I want you to actually live a better life. And sometimes you gotta make a little bit of a sacrifice in order to do that. Just sacrifice, okay? Temporarily, so we can get to the goal. You guys have a 20-year goal. That's awesome. A lot of people don't have a 20-year goal on this show. So let's take that
1:14:21 Caleb Hammer? and do what is necessary to get there. And right now, it is kind of something hardcore. That is working our ass off and it's cutting the unnecessarily.
1:14:31 Caleb Hammer? Even though you pay it off every month, it is still money that you have to put towards the card that could be going towards the rest of your debt.
1:14:38 Caleb Hammer? A firm? Oh, that's dangerous, especially for you.
1:14:41 Speaker 04 Yeah.
1:14:44 Speaker 04 Yeah, that's our mattress.
1:14:45 Caleb Hammer? What the fuck are we even buying?
1:14:47 Speaker 04 Mattress and there was her.
1:14:48 Caleb Hammer? You could have cheapified the mattress and the phone. You did not need an iPhone.
1:14:52 Speaker 04 It sucks. It's horrible.
1:14:54 Speaker 05 Yeah, my old phone was also not working.
1:14:57 Caleb Hammer? Oh, dude, just get an SCE. It's cheaper. Okay, affirm me. Are any of them interest?
1:15:04 Speaker 04 No, no interest.
1:15:05 Caleb Hammer? Thanks. What's your minimum monthly on all this?
1:15:08 Speaker 04 Uh, the mattress.
1:15:09 Caleb Hammer? Looks like 41, 42?
1:15:11 Speaker 04 Yeah, 41, 42 for the phone and the mattress is about 69, 70.
1:15:16 Caleb Hammer? Okay, so we're looking at $111.12 on a monthly basis and we owe $1,673.46. Yeah, nectar. I got nectar. Nectar's a good bed. You did not need that. When we're dying, when one's unemployed and the other one's making pennies, we don't get the nice mattress and I love my nectar, okay? You don't need it. We don't need a brand-new iPhone.
1:15:42 Speaker 05 Well.
1:15:43 Caleb Hammer? These are priorities in life. Well, what?
1:15:46 Speaker 05 We kind of didn't need the bed because the bed that we had was like two twin beds.
1:15:50 Caleb Hammer? You did not need a bed that is, you did not need a bed that is literally more in value than the GDP per capita of your homeland. That is not what we need to do to survive. When I moved down here, I slept on an air mattress to survive for six months. We'll pay it off debt. Then when I did upgrade, I got a $300 mattress. There are so many options between sleeping on the floor and getting a near $2,000 mattress. There are options. And this is what we do when we want to live a better life. This is what we do when we don't make much money. I'm sorry, you don't get to live the life of the rich and famous when you don't make
1:16:30 Caleb Hammer? the literal median household income of the United States, which is close to like 65,000. You make less than half of that. So I don't give a, you're not getting a nice mattress. Wow.
1:16:45 Speaker 04 Also, less than half, we do make more than less than half. I make about 45 a year.
1:16:49 Caleb Hammer? Forty-five a year?
1:16:50 Speaker 04 Substitute teaching brings in about 35, plus I make close to 10 with CVS.
1:16:54 Caleb Hammer? You're extra. Okay.
1:16:55 Speaker 04 Yeah.
1:16:56 Caleb Hammer? It's that extra that keeps.
1:16:57 Speaker 04 Yeah, it's still not wonderful, but.
1:16:59 Caleb Hammer? Because I don't think you're making 35 with your substitute teacher. With your, with what you make working full-time, net, well, I'm thinking net, right? I'm thinking net is like, that's it with no time off is 33.
1:17:10 Speaker 04 Yeah.
1:17:10 Caleb Hammer? And I, you have a lot of time off. I'm guessing you're closer to like 22.
1:17:14 Speaker 04 Uh, I've only taken off.
1:17:16 Caleb Hammer? No, no.
1:17:17 Speaker 04 Three days this year.
1:17:18 Caleb Hammer? The months, the teaching income.
1:17:20 Speaker 04 Uh, yeah.
1:17:21 Caleb Hammer? The summer break, the winter break, the spring break. Look, you work six days this month.
1:17:25 Speaker 04 But 175 times, we have 180 days of school and I've only missed, this is my fourth day of school that I've missed this week. So I've been there.
1:17:31 Caleb Hammer? Eighty-eight?
1:17:31 Speaker 04 Hundred and eighty times 175.
1:17:33 Caleb Hammer? 175, but that's not 175 net. It's probably one.
1:17:36 Speaker 04 Because they take out retirement.
1:17:37 Caleb Hammer? Times 88, you said?
1:17:39 Speaker 04 One, one eighty.
1:17:40 Caleb Hammer? One eighty years, sorry.
1:17:41 Speaker 04 One eighty days.
1:17:42 Caleb Hammer? Yeah, it's probably closer. Like I said, 25. I said 22, 25. Okay.
1:17:46 Speaker 04 Yeah, cuz they take out a decent chunk for.
1:17:48 Caleb Hammer? So it's probably even less. It probably is closer to 22.
1:17:50 Speaker 04 It's called PZers. They take it out. It's the Pennsylvania State Education Retirement Service.
1:17:54 Caleb Hammer? There it is. At some point, you'll get it. Hopefully, it's being invested well and they don't.
1:17:59 Speaker 04 They ma- I think they take four and then I put in an additional three or four, so.
1:18:03 Caleb Hammer? Is it a pension or do you get to control what it's going in?
1:18:05 Speaker 04 Uh, I, the one that I'm in now is a pension cuz they have a bunch of different categories of it, but you can't get in those other categories till you're salaried.
1:18:11 Caleb Hammer? Pensions in the United States sucks. They invest like pussies.
1:18:13 Speaker 04 Yeah.
1:18:14 Caleb Hammer? Sounds like the Canadian teacher. The Ontario Teacher Fund, woo! They own like 5% of the world.
1:18:21 Speaker 04 Yeah. So like, uh, like the PZers thing, and they call PZers, but like I put 4% in. I think they take 4% out. So it's like a decent chunk of my check that comes out, but.
1:18:30 Caleb Hammer? It just usually doesn't.
1:18:32 Speaker 04 Yeah.
1:18:32 Caleb Hammer? Return what you'd wanna see in your own investments.
1:18:36 Speaker 04 That first 4% is mandatory. Like, they take it out for anybody. Uh, and that second 4% is like voluntary, but they kind of default that as your. So I can take that out, um, but you can only do that once a year. So I can't get into like the actual teacher pension, like the good stuff.
1:18:52 Caleb Hammer? Right.
1:18:52 Speaker 04 Until I'm salaried.
1:18:53 Caleb Hammer? Well, you'll get there.
1:18:54 Speaker 04 Yeah.
1:18:54 Caleb Hammer? That's not my biggest concern. My concern is I see this fucking bull-
1:19:00 Caleb Hammer? No statements for these, but these are numbers. Okay, I see car lease one, 789. Is that what's left?
1:19:06 Speaker 04 Uh, yes, that's what's left. That is my car. I have two months left, uh.
1:19:10 Caleb Hammer? What are you gonna do in two months? What's, what's, what's the buyout?
1:19:13 Speaker 04 13,500.
1:19:16 Caleb Hammer? Just 1,300?
1:19:17 Speaker 04 13,500, but the car is worth about 17 to 17,500. But we also don't need two cars right now.
1:19:29 Speaker 04 So my-
1:19:29 Caleb Hammer? So what are you gonna do?
1:19:30 Speaker 04 My thought process, and I have to talk to my brother-in-law cuz he sells the cars, so he knows.
1:19:34 Caleb Hammer? Really?
1:19:35 Speaker 04 He knows more about this than I do. He's who-
1:19:36 Caleb Hammer? Oh, but he's not the guy who did-
1:19:38 Speaker 04 We bought the cars off of him.
1:19:39 Caleb Hammer? Oh!
1:19:39 Speaker 04 But he doesn't work there anymore, but he has friends that work there. Um, since my car value is more than my residual, buy out the car and immediately sell it. Make two, three grand off of it, whoever wants to buy it.
1:19:52 Caleb Hammer? I know, I would talk to him, I would talk to him, I'd really try to get him to assess it. I'd really try to get him to assess it. I'm down, I am down for it, if it actually works.
1:20:02 Speaker 04 Cause I have very low miles.
1:20:04 Caleb Hammer? And I want you to be very careful about it.
1:20:05 Speaker 04 I had, over three years, I only have fourteen thousand five hundred.
1:20:07 Caleb Hammer? And then just use the one car?
1:20:08 Speaker 04 Yeah, cuz she's not working.
1:20:10 Caleb Hammer? Okay, so I'm gonna cross that off for now. Uh, that minimum monthly payment will be gone in a couple of months. What is the minimum for now?
1:20:15 Speaker 04 Uh, on that one, it's two sixty.
1:20:17 Caleb Hammer? For the next two months?
1:20:18 Speaker 04 Uh, two sixty-three.
1:20:19 Caleb Hammer? Okay, for probably, okay, the next few months, okay. Car lease too, this one's bigger. We have a remaining five thousand seven hundred sixty. Not terrified about the balance, it's not, but, um, okay. But what's the minimum monthly, and for how much longer?
1:20:32 Speaker 04 Uh, three nineteen and some change, and it's for another eighteen months.
1:20:36 Caleb Hammer? Say, three nineteen fifty, we'll call it. How many more?
1:20:39 Speaker 04 Eighteen, we're like halfway through the lease.
1:20:41 Caleb Hammer? How are we doing with mileage and everything on these?
1:20:43 Speaker 04 Super low. Mine-
1:20:44 Caleb Hammer? Which is why we only need one car.
1:20:45 Speaker 04 Yeah, mine, that's about to be up in two months. I have just over fourteen thousand miles on it. So I'm under half of what they expected. Um, so that's why mine's worth a little bit more, and on hers, she's at about eleven-five, which is under what she should be for this time in the lease. So-
1:21:03 Caleb Hammer? Well, that part's good, and you haven't fucked anything up?
1:21:06 Speaker 04 No.
1:21:06 Caleb Hammer? On them? Good, so let's use this one car, but when we're using one car, our mileage will be a little higher, but not terrified with what you guys do.
1:21:12 Speaker 04 Yeah, cuz my, I mean, my workplace is only a mile away.
1:21:15 Caleb Hammer? Yeah, you go home and then you goon permanently for the evening. Hold on.
1:21:21 Speaker 04 I gained you.
1:21:22 Caleb Hammer? Well, I don't know what you do.
1:21:23 Speaker 04 She gains, Marvel Rivals.
1:21:25 Caleb Hammer? Right, yep, gotta buy the skins. Okay. So three nineteen a month on that forever. Now, this one's disgusting, student loans. I see a couple of different things. I saw a different number in here than here. How much of student loans do we have?
1:21:40 Speaker 04 For her name, she has about twenty-one.
1:21:43 Caleb Hammer? Oh, cuz you went to school here?
1:21:45 Speaker 05 Yeah.
1:21:45 Caleb Hammer? Why'd you go to school here?
1:21:47 Speaker 05 Um, because my sisters are here and they said it's amazing, so I came.
1:21:51 Caleb Hammer? Yeah, it's fun.
1:21:52 Speaker 04 She was gonna take an American degree and go back home, and an American degree is worth much more over there.
1:21:57 Caleb Hammer? Yeah, but how much more do you get?
1:22:00 Speaker 05 Uh.
1:22:01 Caleb Hammer? To put in forty thousand, what do you get? How long does it take back to earn that extra forty versus not having an American degree and having a Zambian degree?
1:22:09 Speaker 05 A long time.
1:22:10 Caleb Hammer? Yeah, exactly.
1:22:11 Speaker 05 Yeah.
1:22:12 Caleb Hammer? There is a truth answer. I like that. Okay. So, how much for her?
1:22:16 Speaker 04 Uh, about twenty-one. She has a loan for sixteen and a loan for about five.
1:22:20 Caleb Hammer? What's the minimum?
1:22:21 Speaker 04 Um, one twenty-nine and some change. And then about sixty or seventy on the other one. We pay, I think it's about one ninety total.
1:22:31 Caleb Hammer? Yeah. And then you, what's going on?
1:22:33 Speaker 04 Um, Joe. Uh, so my mom has loans that she took out like Parent Plus that are in her name.
1:22:39 Caleb Hammer? Okay, but that's not a year. So we're not too terribly worried about them. I get you probably want to pay it back.
1:22:43 Speaker 04 Yeah.
1:22:43 Caleb Hammer? And I'm down for it. Uh, but let's worry about like what's in your name.
1:22:47 Speaker 04 Uh, so just in my name, I just paid off a Discover one that was five thousand.
1:22:52 Caleb Hammer? Student loan or private student loan, Discover?
1:22:55 Speaker 04 I had to get one for my last semester of my bachelor's degree because.
1:22:59 Caleb Hammer? So are the rest federal now?
1:23:00 Speaker 04 Yes, everything else.
1:23:01 Caleb Hammer? What? How much?
1:23:02 Speaker 04 Um, I want to say maybe around thirty-five to forty, just in my name. And there's about forty in my mom's name.
1:23:09 Caleb Hammer? Okay, how much for your forty is your minimum monthly?
1:23:11 Speaker 04 Zero right now because I'm in school.
1:23:13 Caleb Hammer? Right? Yep. And that's okay. That's okay. That's good. That's good.
1:23:16 Speaker 04 And so I'm in school. I'm taking one class in the fall that goes along with my student teaching. Student teaching should end in about.
1:23:23 Caleb Hammer? You have to borrow more?
1:23:25 Speaker 04 I have. So they gave me that money already. It's sitting in my account. So I'll just use that account to pay.
1:23:30 Caleb Hammer? So if I see that, it's not going to count?
1:23:31 Speaker 04 Yeah.
1:23:32 Caleb Hammer? So where is that in here? And how much?
1:23:35 Speaker 04 Where's the cash?
1:23:36 Caleb Hammer? That money, yeah.
1:23:37 Speaker 04 That money is in my personal savings account.
1:23:40 Caleb Hammer? So we'll see with that. So this is, is that it for debt? I think that's it for debt. Is that it for debt?
1:23:47 Speaker 05 Yeah.
1:23:47 Speaker 04 Yeah.
1:23:48 Caleb Hammer? Okay. Citizens.
1:23:52 Caleb Hammer? Okay, so in here, I see
1:24:00 Caleb Hammer? 6,243. What is this? What's up with this account? What's going on?
1:24:04 Speaker 04 Um, so that account, that's the one that has the most in it, right? That will be our joint account. So that's what we use to pay our rent, pay our car.
1:24:12 Caleb Hammer? And none of this is for the, that school?
1:24:13 Speaker 04 No.
1:24:14 Caleb Hammer? Okay. It's a good balance. Why isn't any of that going towards debt?
1:24:17 Speaker 04 So I'm worried with over the summer, if one of these jobs don't hire me, that I kinda need that as a backup fund just to pay those bills.
1:24:25 Caleb Hammer? That's true.
1:24:26 Speaker 04 Yeah. So I don't want to spend all that money and then we end up having no money and then no place to live.
1:24:30 Caleb Hammer? 1,690 in this one. It's just money back and forth between things.
1:24:35 Speaker 04 Yeah. So that is my personal account. I get paid into that. My paychecks come. And then I just transfer them on our bank's app to the joint account.
1:24:44 Caleb Hammer? Then 1,988 in this. What's this?
1:24:46 Speaker 04 That is the student loan money.
1:24:48 Caleb Hammer? That's it? That's all it's gonna take to make it through?
1:24:50 Speaker 04 One class.
1:24:51 Caleb Hammer? Okay.
1:24:52 Speaker 04 And that's what I want to talk about too with that, uh, student loan thing at the end. Student teaching, sometimes paid, sometimes unpaid. Don't know yet.
1:24:59 Caleb Hammer? Okay. Well, hopefully yours, you're gonna be working your ass off outside of school hours though.
1:25:03 Speaker 04 PA started a $10,000 grant last year that I applied for within like the 10 minutes they opened this year. Um, they're waiting for more people to sign up and if I get picked, it's $10,000 over three months. And if I don't get picked, I have to work for 40 hours a week for free.
1:25:18 Caleb Hammer? Yep. And then you're gonna work 40 hours a week outside of work, making money so you can survive.
1:25:23 Speaker 04 But luckily I signed up enough for it.
1:25:24 Caleb Hammer? And yes, he's going to probably without a break because he's a big boy who's gonna do a little bit of a sacrifice. And maybe you should too. We have a very heavy work culture here.
1:25:35 Speaker 05 Yeah. Yeah, I've noticed.
1:25:38 Caleb Hammer? But it's for a good reason because if you want to spend like crazy, you have to earn. You don't just get to live the high life and not provide anything. Two thousand seven hundred eighty-four dollars. In what assets? My asset Bitcoin and Ethereum. I mean, listen, I am. That's okay. And then that's what we're having in Robinhood as well. Two thousand five hundred. Just the thing, I am not against crypto crypto for like one percent, two percent of my portfolio. Uh, the thing is just sell it for now. Just sell it for now and pay off the interest debt. Lower the risk over your head because you're headed into a summer with, I don't know the pay. We just discussed that. I'm gonna go into student teaching for a semester, right? Is it a semester or a quarter? Okay.
1:26:21 Speaker 04 Yeah.
1:26:22 Caleb Hammer? Uh, I don't know the pay. So lower the risk of the debt over the head. Let's minimize our minimum to payments that we are required to have when we don't know what the pay that we're about to have is. Okay, it's not about the crypto. It's about sell it. It looks like it's lost some value anyway. So there's no capital gains taxes that you're gonna have to pay. Boom. Pay off some of the debt. What do we have in crypto total?
1:26:41 Speaker 04 Um, so between those two, I want to say maybe four?
1:26:45 Caleb Hammer? There you go. Pay off city double cash.
1:26:48 Speaker 04 Yeah.
1:26:48 Caleb Hammer? Cause I bought it. City double cash and most of a firm. There you go. Is it taking care of interest? No, but it's taking care of minimum payments. And it's taking care of about a hundred and fifty-one dollars of minimum monthly payments that you no longer have to take care of.
1:27:01 Speaker 04 Yeah, I bought into those right during COVID when like I had no expenses because I was still living with my parents.
1:27:07 Caleb Hammer? Which is great. And I honestly, I, I don't need the long-winded version. Just sell it and get, we're just, there's no point of having minimum payments over our head when we're going into an income situation that we don't fully know. Okay. Right?
1:27:21 Speaker 04 So you think it's worth paying the city one off even though that's no interest over the Discover with the four percent?
1:27:25 Caleb Hammer? Where you know, need to get, I'm trying to get rid of minimum to payments for you right now. A little less about the interest with the minimum to payments when you don't know where your income is gonna be coming if any.
1:27:33 Speaker 04 Okay.
1:27:34 Caleb Hammer? Soon. Cause minimum to payments gets scary. Interest makes the balance go up. Minimum to payments are required. So total income.
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1:28:11 Caleb Hammer? Right now, well, with both of your jobs combined, what are we looking at net on a monthly basis?
1:28:15 Speaker 04 Um, again, if full 10 week or 10 day weeks, it'd be 2,800 for the school. And then 10 at 19 would be an extra 380 before tax.
1:28:30 Caleb Hammer? Okay, we'll call an extra 250.
1:28:32 Speaker 04 So 3. 10 times 9, 3, so it'd be 720 per month, 380 for paycheck.
1:28:37 Caleb Hammer? Oh, oh, oh, okay. 720? So we'll call it an extra 600.
1:28:42 Speaker 04 Yeah.
1:28:44 Caleb Hammer? 3,400 on a monthly basis. Debt minimum payments, let's get that.
1:28:52 Caleb Hammer? Not including the lease that's about to be paid off, because no need.
1:28:56 Speaker 04 Either way, that's being gone, whether I buy it out and sell it or just return it.
1:28:59 Caleb Hammer? Which I definitely, yeah.
1:29:05 Caleb Hammer? This is what you guys have done with your choices for the critical one-off purchases. $888.62. What's your rent?
1:29:15 Speaker 04 Thousand even.
1:29:16 Caleb Hammer? Okay, utilities, including internet preferably?
1:29:19 Speaker 04 Um, internet's 50 a month. Electricity varies, um, in the wintertime, usually about 60.
1:29:24 Caleb Hammer? Give average gas and electric.
1:29:25 Speaker 04 Um, we don't pay gas, just electric.
1:29:28 Caleb Hammer? I'll actually give you average.
1:29:29 Speaker 04 Um, for the full year, maybe about 120.
1:29:33 Caleb Hammer? Okay.
1:29:33 Speaker 04 Because summertime's.
1:29:34 Caleb Hammer? Vroom, vroom, drive, drive, gas.
1:29:36 Speaker 04 Um, I fill up once a month, so forty a month for me. And then she usually fills up once to twice a month.
1:29:42 Speaker 05 Yeah, twice a month.
1:29:43 Speaker 04 Cause her sisters live about forty-five minutes away.
1:29:46 Caleb Hammer? Hundred twenty?
1:29:46 Speaker 04 Um, total for both of us, yeah, about one twenty a month.
1:29:49 Caleb Hammer? Uh, is car insurance per car or per individual in Pennsylvania?
1:29:52 Speaker 04 Um, per car.
1:29:54 Caleb Hammer? Okay, so what's the car insurance on that car? Cause that's gonna be the only car.
1:29:57 Speaker 04 Yeah, so right now combined they're two twelve. If we get rid of her one car, it's gonna be a little more than half that cause they give us a discount for having two.
1:30:04 Caleb Hammer? Yeah.
1:30:05 Speaker 04 So maybe about one ten, one twenty for the one car.
1:30:08 Caleb Hammer? I'm gonna call it one twenty. Phone bill?
1:30:10 Speaker 04 Um, we have Mint, so we each pay a hundred and eighty dollars every
1:30:16 Caleb Hammer? What?
1:30:16 Speaker 04 Three months?
1:30:17 Caleb Hammer? Find a Mint you pay for?
1:30:19 Speaker 04 Six months.
1:30:20 Caleb Hammer? Oh, oh, every six months, sorry.
1:30:21 Speaker 04 Cause they don't do a per month, you have to buy so much.
1:30:24 Caleb Hammer? Thirty.
1:30:24 Speaker 04 Yeah.
1:30:26 Caleb Hammer? Okay, TP fund, gonna call it a hundred fifty bucks. Anything else you need to survive in life, it's makeup, blah, blah, blah. Grocery, six hundred dollars, that gets you a follow a meal plan, meal prep, I don't care if I want to, meh, meh, meh. Medical healthcare, monthly basis.
1:30:39 Speaker 04 Uh, ours is really cheap right now because we're on one income. It's about fifty for health insurance and about thirty for dental and vision.
1:30:45 Caleb Hammer? Before pay though, or after?
1:30:47 Speaker 04 I, we go through like the state, it's through Penny.
1:30:49 Caleb Hammer? So, okay, go ahead, continue how much?
1:30:51 Speaker 04 So through Penny, it's about fifty-five for healthcare for both of us. Um, and then our dental and vision is through someone else, it's about thirty-five.
1:31:00 Caleb Hammer? Now, what about co-pays on a monthly basis typically?
1:31:02 Speaker 04 Um, she will do-
1:31:04 Caleb Hammer? Or prescriptions or anything?
1:31:05 Speaker 04 She will do therapy twice a month, co-pays are thirty-five, so seventy. Um, and then if she goes to the doctors or whatever, that's another thirty-five, but
1:31:14 Caleb Hammer? Is that typical?
1:31:14 Speaker 04 That's usually once every two to three months.
1:31:16 Caleb Hammer? Two to three months? Wow, okay, I'll put a nice twenty.
1:31:19 Speaker 04 Every month is guaranteed.
1:31:20 Caleb Hammer? So I'll call it one eighty. Okay, do you have any pets?
1:31:24 Speaker 04 No.
1:31:25 Caleb Hammer? Good. Anything else that needs to be in the budget?
1:31:31 Speaker 04 Not that I can think of, because everything else is kind of expendable.
1:31:36 Caleb Hammer? Well, and this is the stupid, stupid, stupid part. I get it with the passport, that is, you know, an interesting thing, but you guys make enough money to break even if you actually lived within your means, but you refuse to because I don't want to. So I don't give a [bleep] at this point. This is your choice. You are choosing this. Now, some months are gonna be lost, but you need to go get more. You supplement that income by [bleep] driving Uber East if you have to. You will do anything. I know, it's not perfect, but-
1:32:04 Speaker 04 I'm not allowed.
1:32:05 Caleb Hammer? You-
1:32:05 Speaker 04 Different type of car insurance required in Pennsylvania.
1:32:07 Caleb Hammer? You will do anything that is necessary legally to make the money, okay? You will be selling butthole pics on the internet. That is a joke.
1:32:15 Speaker 04 I'm in.
1:32:16 Caleb Hammer? Um, that is my retirement plan personally. Uh, okay. But yeah, so you will get this income no matter what. You will work all the jobs, all the hours, all the days to do it. But you have an extra $141.38. Will we make substantial progress on that? No. But we can keep up and we can start making small incremental progress towards the debt. You will sell the car and hopefully make some money. If you do, pay off a car, give rid of minimum monthly payments, okay? Boom, there we go. Maybe you can't do that, we don't know. Figure that out and be safe about it. Don't get yourself in a situation where all of a sudden you lose, you know, it gets dumb. Okay, uh, now, big thing.
1:33:01 Caleb Hammer? You're right, I want to pull from that checking account, but I would liquidate our crypto and I would pay off some of these debts to eliminate the minimum payments, maybe the Affirm especially because it's a chunky minimum monthly payment. And then I would just start grinding down from there. I mean, even with your debt, with your money that you have towards that, you can pay off that, that blue cash in like eight months, you know, even with your current situation. So we can start eliminating some of these minimum payments. I think you guys can live the dream you want to within this 20-year thing, and you can save up enough to do it and get out of debt. But not on your current lifestyle. Your current lifestyle is $120,000. A year lifestyle making forty, you know? So we, this is behavioral. You need a budget.
1:33:46 Caleb Hammer? You need to use the budgeting app. You get the premium version forever. Take the classes. You know, it sounds like you know some things, but you guys need to take it together. You need to take the budgeting one and the debt one. Understand the consequences of debt. What's good debt? What's bad debt? Take the budgeting class together. So you guys are united on what is good and bad. Do this. And then the investing class for what we need to do to save up for what we want to do in Zambia. You guys can do this. It is literally just the basics for you guys. Cause you make enough to break even. Not a lot of people have that on the show. You guys are in a blessed position, making almost, making very low income and still having enough to make it. Okay? Even after all the mistakes we've made. So with this, you just need a budget and grind out the school thing. Get in your career, then put everything we have towards this. Build up a six month emergency fund.
1:34:32 Caleb Hammer? Then we are saving and investing. And then you can live the life that you want to live.
1:34:38 Speaker 04 Absolutely.
1:34:39 Caleb Hammer? Now, there was an absolutely crazy thing that we can't talk about for privacy reasons, but they agreed to talk about in the post show because it's behind the paywall and other people won't see it that they are trying to hide it from. Spending your budget over spend zero out of 10 debt, no collections. It's not the worst debt. This is the income going along with it. That's not the best. Student loans are pretty brutal though, but I'm going to give you about a two out of 10. Emergency fund, we do have a little bit. We're about a four out of 10 there. Retirement pension has been going for very long. Has it?
1:35:07 Speaker 04 Two years, it'll be two full years.
1:35:08 Caleb Hammer? I'm going to say about a two out of 10 there. Cause I know you don't have anything in real estate, zero out of 10. Can't buy our $20,000 house yet.
1:35:20 Caleb Hammer? Okay, it's going to be hammer financial school rounded up just barely two out of 10. Join us in the post show. This is about to get juicy. $16,000 student loans are private?
1:35:29 Speaker 04 She's not allowed federal loans.
1:35:30 Speaker 05 I can't get federal loans.
1:35:33 Caleb Hammer? Sick. Oh my, Dally Mason evil.
1:35:37 Speaker 05 I don't think Sally Mae can come for me in Zambia. Do you have to keep paying? Your student loans. No, I don't think I could.
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