Financial Audit - Financial Audit's Most Toxic Couple

Episode Date: December 23, 2024

▶ She CAUGT him subbing to an endless amount of women on O F - she confronts him in this post show, watch here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶Bundle my budgeting, debt + investing program for *15%* *off* : https://calebhammer.com/classpack/ Click the link https://relayfi.com/calebcashflow to enter Relay's $25K Cash Flow Glow Up Giveaway and get $100 when you sign up for a business checking account with Relay. Terms and conditions apply. Download the CFO’s guide to AI and Machine Learning for FREE at https://netsuite.com/HAMMER Limited Time $3,000 Deposit Bonus - Lock in 7% with Silo Markets: https://silomarkets.com/caleb ▶▶▶Watch this episode's *POST* *SHOW* + get *MORE* Financial Audit here: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join ▶EDUCATION: 1) Bundle my budgeting, debt + investing program for 15% off: https://calebhammer.com/classpack/ 2) The best budgeting program online: https://calebhammer.com/budget 3) Get my investing class and I’ll give you a $100 moomoo cash reward: https://calebhammer.com/investing 4) Win with GOOD debt and get out of BAD debt correctly, learn in my debt program: https://calebhammer.com/formula 5) Get your own free Hammer Financial Score: https://www.calebhammer.com _______________________ ▶RESOURCES 1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $300 when you sign up and set up direct deposits. Terms apply: https://creator.sofi.com/c/5535481/2068695/19219?adcampaignid=bank&adnetwork=brand *affiliate link 2) Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services. Click this link https://j.moomoo.com/Caleb to get up to 15 free stocks from moomoo U.S when you make a qualified deposit + earn 4.6% on uninvested cash + an additional 3.5% APY Coupon for 3 months for new users!! Terms & Conditions Apply 3) Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 4) CourseCareers: Land a high-paying job with no experience or degree by going through an affordable online course: https://coursecareers.com/a/calebhammer 5) The credit building debit card: First 100,000 people to sign up for Fizz with code: HAMMER10 get $10: https://www.joinfizz.com/caleb (paid ad) 6) Advising: Book your free strategy session https://dmnmny.co/caleb to work with Adrianna or any of the other CFPs at Domain Money today! 7) Helium Mobile: save a ton on your phone bill, sign up and get 30 days of FREE trial when using promo code CALEB https://hellohelium.com/ 8) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer Learn more about your ad choices. Visit megaphone.fm/adchoices

To watch episodes of financial audit a week earlier, check us out on YouTube. No, why are you giving him an allowance? What is this relationship? He is a child and does not know how to control himself. From your paycheck? Yes. Do you lie to her? Always.

I have to dig and dig for information. We are immaturely trying to avoid the conversation. I just do not want to get the nagging. I just didn't want to hear it. Yeah, I was going in and getting drinks and snacks from the gas station. So you didn't even know. I'm bringing new information to the table right now to you. Probably yet.

All of our education is bundled together for 15% off with a 30-day money-back guarantee. Go to Calebhammer.com slash bundle. Or click the link in the description or pin comment below. Hi, I am Katie. I'm 22 years old. Hi, I'm Kyle and I'm 22 years old and we live in Big Spring, Texas. And this is Financial Audit. Thanks for coming over to Austin, guys. You know, it's kind of crazy for the audience that they don't know this because we literally just started recording.

These people have been in front of me for only a few minutes. they were chatting with the producers for a while, but only in front of me for a few minutes. And you guys are already bickering like teenage twins or something. Like, I don't know what's happened. Okay. But thanks for coming over. I'll be honest, that made me a little just like,

all right, what is this about to be? What did I just walk into? But let's start with you, Katie. What do you do for a living? I work as a, uh, M. You've forgotten?

Yeah. No, M.A. I just, I say M.A. But nobody really knows what M. marketing assistant. Okay. For a financial planner. Wonderful.

How much do you make? I, yeah, 13 an hour. I only work three hours every other day. That big spring wages. Couldn't find a job for 13 in Austin. I'm sure you could. Just no one will take it. How many hours every few days you said?

Three hours every other day. So Monday, Wednesday. Hold on. Friday. It's a pay internship. It's like an internship. That makes so much more. So much more.

Yeah. She left that out. Yeah, I am in college. Oh, you're starting to. Okay. Yeah. Well, what do you, what's your college situation? I'm at a community college.

What are you doing there? How long have you been there? I started, I skipped a semester because I had my son right out of high school. And then I've been there since then. Oh, you're both, well, me a little naughty, nitty, a little. Yes. Through you? Yes.

Yes. Well done. age of the kid? Three. We only have one kid? Right now. I'm pregnant now. Do in July 4th.

Yeah, July 4th. Like, just like, like newly pregnant. Yes, yes. Very newly pregnant. I would not be able to tell. No, no. I think the three-year-old was a little whoopsie?

Definitely a whoopsie. Is the zero-year-old a whoopsie? No, no. Very intentional. But you're still in school. Don't have a career figured out. You guys have that up to your eyeballs. Why is now the best time to bring in a kid?

We wanted to keep and his sibling kind of close in age. My son's name. Yeah, we'll believe it. I know. I just. Megan.

It's okay. Getting his brain to start saying our son. Or Bubba. Or Bubba, yeah. Oh, well, you guys are some little nowhere, aren't you? Yes. That makes sense. Bubba.

Yeah. They always use it. Something I didn't think was used since the 80s, but sure. Cool. And what do you do for a living? I'm a filet. technician. I work on... Yeah, you are in those oil rigs, huh?

No, I work on dozers, excavators, man lifts, sigil lifts, stuff like that. Okay, and what do you make? 35 an hour. Ooh, there we go. Now we're talking to money. I was wondering how this house was sustaining itself. How many hours a week you're working? 70 to 75.

Yeah, this is a West Texas man. Wow, you had it ran all over you. I could tell you're killing your kid Bubba. I get it. How much hits your account on a monthly basis, would you say? Let's say, about $4,500 every two weeks. So about $9,000. Woo!

Yeah? Yeah? Okay. Yeah. And remind me what, well, my workday app says I've brought home about $101,000 so far this year. Delicious. Net? Yes, Ned.

Yeah, that should be net. Yeah. Yeah. Okay. And you. So I'm sorry if I didn't hear. What are you studying in community college? Accounting business.

Okay. What are you going to do? I'm probably going to keep, yeah. I don't think I'm going to go and do all the tests. How are the opportunities out there? A lot of oil fill companies. Yeah. Yeah, I really don't feel.

Yeah, I'll give you an accounting certification course careers as well to boost your resume. Cool. So go through that as well. Yeah. Love course careers. They're great. Um, yeah, hopefully that'll get you just in that job when you're ready. And then this internship, I'm assuming it's helping as well.

So $13 an hour only, what was it, six hours a week? Uh, no, nine, nine hours a week. Oh, okay. Yeah. Actually, $4.68. So $400 a month extra probably. Yeah, it's your account. Yeah.

Okay. I mean, that's fine. Anything helps. Why are we in debt, guys? What is going on here? Because all of a sudden, you know, I feel like we've just had like a positive thing so far. I was like, oh, dude's killing it. She's about to graduate.

We're about to be making, we're about to be a money household in our early 20s. Yeah, we can take care of these kids. We can set them up for a great future. But obviously knowing when I know that, and you're, I mean, you're on the show. So, yeah. I mean, why? Why are we in a position when you should be from the outside in an incredible position? Well, I guess I like to spend money.

I, trucks, full-wilers. I look for boats, suggest skis, anything to something new. Constantly begging to be spending money. We were doing good on the beginning. What about setting your kids up for six months? You're trying to have another kid. You might have another kid after that. Like what do we?

No college fund. Nothing. I want to. Why are you more important than the child? And toys? Oh, yeah. And I hate toys. I think toys are a scam.

But yet we're filled to the brim with them. Yes. Really? Like what? Yes. He's really in a lot. hot wheels. Okay. Listen, I have heartburn medication and caffeine. That's how I make it through this, okay? So we're going generic Walgreens version. Already open. Who the fuck is slamming these down?

These are just purchased. I wonder if I'm being drugged right now, guys. If this episode ends freaky and naked, it's not my fault. He's the same way. What? When you're... Oh, when I get drunk. Yeah, when he gets drunk. You end up naked? Yes. It starts getting hot. Bad. We've got picture proof. I don't, ew. No. Why are we even talking about this?

He dates pictures. So toys? Toys are more important than our future. Are we saying the entire blame is on you? That's what you're saying? No. I mean, she has issues with, what is it? Sheen and Amazon.

I mean, it's not just me. Okay. Where's our conversations around any of this? because you seem to know what she spends on. You seem to know what he spends on. What's our conversations around money? What's our conversation about where our bills are going? Mostly a dead end conversation.

We talk about it. Because I complain about his constant. I want to buy a new house. I want to buy a new house. Yes. What are we doing? Do you have a house right now? Do you own a house?

Yes. I bought a house in 19. Wonderful. Good job. Do we need a house when we have stacked up credit cards and horrendous car loans? I don't think exactly. So I guess not. I mean,

well, why do you think you need a new house right now? No, you don't. Dude, people raise families of 10 in like a two-bedroom apartment for most of human history.

What? What do you have right now? We are a three-bedroom two-baths. Oh. Oh, no. Square footage. $1,500? $1,500.

Oh, it's like the most basic-ass American suburban house. You're fine. What the fuck you need? You don't need anything. unless you're about to just start spawning like a thousand. Oh, no, no, no. I'm done after this.

Yeah, only two. We wanted a four-bedroom, two-bathouse. So, again, how does the conversation go then? We usually end up talking about finances. Well, I need to cut this out. She needs to cut this out. And we never do. There's no accountability, I guess, is the right word.

Yeah, I mean, honestly, the conversation happens. And then we never do a follow-up yet. you know what I mean? I'm just, so I'm curious. Throughout this then, I mean, again, you guys are acknowledging things. And this is kind of what happens when someone comes on and they acknowledge their debt, acknowledge where things are. What have you tried to do to work on this? Where have we been?

There was two weeks where he did start to try to cut out his, um, gas station foods and. Gas station foods? Yes. I'm on the road a lot. anywhere between three to four hundred miles a cool pack a sandwich you fuck I was making them so this was already a thing

this was already a thing and you guys decided oh no I'm still gonna stop and just pick up snacks and drinks my lunch for two weeks and then he could not bring in the box from the truck to the house that is all I asked was his lunchbox to be brought inside

I mean your child could probably do that like why can't you get done working 13 to 16 And I forget and just want to go home and go to sleep. Forget's fine. Why can't you just go out and get it though if you do for it? When I ask. Well, I ask you to go do it.

I'm not walking out there. It's cold most of the time at night when I'm doing it. Put a jacket on. Where? I don't care. You can go get your own lunchbox. Yeah. So.

We did try that, but it ends quite fast. Yeah. We lasted about two weeks doing the bringing my lunch to work. Then how will the budget work in this house? when you try something for two weeks and it's done. Kind of like the most basic, easy thing we could try. How the fucking a budget after this? So, okay, the conversations end up in a dead end.

This is what you said. And then there's no follow-up. Now, why do you think there is not a follow-up? I just want to see self-assess. This is a self-assessed period. I want to see where you guys' mindsets at. Well, I know I have a spinning habit. So the reason why there's no follow-up is because I don't least, at least I don't try to have a follow-up with it.

You don't try to have a follow-up? So you're trying to avoid it. To be clear, we are immaturely trying to avoid the conversation. I just do not want to get back. You don't want to get that. Okay. He purposely spends on his credit cards, so I do not see it on the account. You're not an authorized user?

You don't get to see the statements? No. No, not. And you wouldn't allow her to be? Well, it wasn't not that I would allow her. Just we got all this stuff before we got married and all that stuff. Well, how long have you guys been married? Going on two years now.

Been together for seven. I thought three years going on. It's like. Well, it doesn't matter. It's fine. It's something like that. But, okay. But you don't trust her to, okay.

Now, I'll have to ask you. Well, actually, I want to hear your perspective. You say because she is your word. Yes. So are you saying this is an endless nag when this comes down to the financial conversations? How does this conversation work? How does this look from your perspective? I've heard her nagging at me.

I need to do this. I need to do that. And there's nothing she needs to do. It's always me having to do something. Thoughts? I, well, so his company gives us gift cards lately, like for birthdays. What about thoughts on what he just said? Because I have problems.

I don't, I've never said I was innocent in this. That's what I was trying to get at is I keep my spending to those 25 gift cards. So I'm still getting things. It's just not. coming out of our pocket. But it is. It's still money that could be going towards basic necessities to cover some things like groceries and gas and then all our money left over could go towards paying off debt.

So it still does. It's still net money. No? No. Gift cards from his company that we have, we haven't, it's not in our income or anything. Are the gift cards store specific or are they just spend wherever? They're on regular gift cards No, some are specific Amazon's

Oh those are the birthday ones So every time it's my birthday But then we could still get the thing off of Amazon that we need That is true Instead of spending our money Because this is just giving you an excuse to just go below It's still money that's coming in and we're in debt Yes

What about the nagging part I feel like I am on him fairly I don't try to be overbearing Is that the productive way to have this though That's what I'm wondering. Because what, so this is what I am taking away from this conversation so far. Dude f***es up a lot,

his spending. Friks up a lot, you fuck up a bit. But then what it happens, we come to the budgeting thing. It's not a sit down. We talk about it. It's a sit down and it's a gna,

nah, nah, nah, nah. It's never actually a sit down and talk about it. I have begged him to sit down and try to go through our transaction. Why won't you sit down, dude?

The nagging, I just didn't want to hear it. So I'll just continue playing my video games or whatever it is. Okay, well, that's what a child, those stuff for what it's worth. I mean, I'm not saying we should go at it from the perspective as nagging at someone,

but why aren't you willing to confront it? Like an adult, you're 22. You have a second kid coming. I guess I just don't want to see how much in debt we are. Hey, what's your retirement? Zero. Uh-huh. And you?

Uh-huh. You're putting the burden on your kids. They didn't have a choice to come into this world. They're going to take care of you because they're not going to see their mom and dad on the streets when they don't have enough money to retire. Who knows the social security is going to look like by the time you guys retire? That's where we man up. We step away from the video games.

we have the conversation, and that's when we have the conversation. We're not just telling the other person, you, fuck you, fuck you, stop, stop, stop. We sit down and we discuss what things need to look like, what our goals are. And then if you guys aren't compatible on that, that makes me nervous because one of the leading calls for divorce in this country is finances.

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What's your goal, guy, just playing video games? No, not just playing video games, get enough money saved up, paid some stuff off, and so we can move back. It doesn't matter. You make incredible income. You are not paying stuff off. What are you talking about? You could be paying stuff off.

You're not. More money is not going to do anything. More money, just like the gift cards is going to be an excuse to spend. You agree, but you're the one spending on the gift card. Yes, I am, yeah. I don't know what you're nodding about. Well, I feel the same way. More income just is us blowing through it.

That's exactly what I tell. What's her goals for the family? From your words, what do you think her goals are? Finances, family, all that good stuff. I think her goal is to get us on a budget, get bills paid down, and be able to live comfortably. That's a pretty basic minimum goal. What are her goals for the family? Big goals.

Where does she want to see you guys? She wants us to move to East Texas for sure. She wants to move. East Texas. I thought you said he wants. Well, he does, but I've never lived there myself. He just wants to go back home. And I was like, yeah, it is really pretty. So I'm totally willing. Yeah. Okay. That's it. This is all we have in our life is a goal to move to East Texas. We have nothing beyond this. Get a, get a 20 or 30 acres. And she wants to homestead, like her homestead. She wants to stop growing plants and stuff like that. kind of off-grid vibes.

Yes, off-grid vibes, 100%. Okay, so our goal is just a want-and-won-won-won. We don't have ourselves as seeing where our family is, certain ambitions, seeing where our kids go set up for retirement. We don't have our ambition is literally, yeah, but our goal that you guys are talking about so far is literally just getting a plot of land. Good goal, that's a fine goal, but I'm not hearing any overarching thing for the family. That makes me a little nervous.

Like how are we going to button down, sacrifice, cut back everything? Your spending's insane. How are we going to start messing with that, get on the same page and tweak things, and stick to it on a long-term basis without these broad overarching goals? Example, $360 going in and getting drinks and snacks from the gas station this last month. She didn't even know? No. What do you mean?

You're the one that sees the statements, right? Or is this on the credit cards that you don't see? I think they're on the credit card. Oh, for me. So you didn't even know. I'm bringing new information to the table right now to you. Probably, yes. Oh, for sake.

Why isn't she allowed to know that? It's not that she's not allowed to. She never asks. You have to rely on her asking. But doesn't she ask to sit down and talk about the money? Do you? I do. Wouldn't that be asking?

Yeah, I guess so. I mean, she doesn't ask about the certain cards. Why would she have to ask specifics? If she's sitting down talking about one. wanting to do a conversation about the finances. Wouldn't that be the conversation? I mean, yeah, I would have been. I just, I don't want her to see all this spinning.

I do on a gas station. You see how that's what? She's not your mom. Not her child. What are your thoughts on this? This is. He also has said to me that he prefers gas station food over the sandwiches that I've made. What do you make shablish?

I try not to. I'd add. No, our sandwiches are awesome. I try to make sure he's... Oh, then why the fuck would you say that? He likes gas station food, I guess, even though it's terrible for your health. Because it's fatty and terrible for your health, which means it's delicious. We're both thick boys.

I mean, come on, we're fat fuchs. Yeah. It's probably because you're eating the food because I eat the food too, but I can afford it. That's the difference. Because I didn't fuck up my entire life on credit cards and shit. I mean, technically, I could afford it too. No, no. No. You have debt and no retirement.

If you have no retirement, you can't afford shit. You don't have an emergency funding. You can't afford shit. What are you talking about? What are your delusions on money? You don't understand the basics. He also thinks our saving is plenty good enough, even though it's... What's your savings?

$800? $863. Describe how that is plenty good enough. Well, it was at $6,000. And then we bought us... We put it off Amazon for... The house. House improvement.

New Saints. What was the savings for? Honestly, we had no goal for it. We had just started... Why is it not an emergency fund? Have we heard... of an emergency fund? Yes.

Yes. Wonderful. There we go. Why wasn't it an emergency fund? Why was it in Amazon? We just got a house fund. We just don't see the emergencies coming. And I mean, that's just the honesty.

That's what makes them an emergency, you little shit. What do you think an emergency is? If everyone saw an emergency coming, it wouldn't be an emergency. What do you think that word means? What are you talking about? What? We just kept putting it in it because I, cared about the savings, especially

why we were living at my mom's. How can we have a real conversation here and make real goals if you're not if she didn't even know how much you spent on getting fat gas station things? I didn't realize that was that much. Like I knew he was spending quite a bit, but I mean, I've also had a couple

project cars that I've bought a little bit, sold. Yeah, he's, there was one that I got for my dad and he is nonstop looking for it. Looking for what? More? Yeah. More project.

Why? Why not project get out of debt? Make sure our kids are set up for the future. Why is everything about your little needs or desires, little wants, your toys, your little hobbies? I mean, the way I'll see it is I make the money and I want to spend it how I want. I can vibe with that to a certain point. If you set yourself up for emergencies, make sure enough is going to needs and retirement. I can give you a massive amount of money because you guys make good money. I mean, you're going to bring it in probably like 50, 40 to 50 to start off.

We're going to say 40. just be a little conservative. So let's say 30 hits your account, 32 or so, on a yearly basis. And then we know that, divide that by 12. We're looking at about 2,666, plus the 9,000 that hits your account net. Probably $11,600 on a monthly basis is hitting the account once you get that job. Wonderful.

If we're able to do 30% of it, I can get you to you guys to blow $3,500 a month on anything. It's a ton of money. After you're out of debt and have a fully funded emergency fund or contributing to retirement and basic necessities. Why do you think you're allowed to do this now and fuck over your family if one thing were to go wrong? One thing were to go wrong because if your little pet projects, your family's done. You're evicted. You're foreclosed on. Why are you allowing that to be the case?

I mean, I have the credit cards to, you know, if anything happens like that, emergency wise. That is God Road money. That is not our money. What are you talking about? I used it for your tires on your car one time. And also, when we first moved into the house, we thought about getting engaged. We weren't engaged. And he just blew our mortgage money on an engagement ring.

What do you mean your mortgage money? The money I planned for mortgage, he decided to go. How'd you pay the mortgage? My dad. Your dad? Yeah. Are you? What are you guys?

In your defense? My dad was like, hey, buy the ring. I'll give you the money for the mortgage. Don't worry about it. But why put yourself in that? a family predicament. I can make things awkward real quick. I've seen relationships destroyed on this show because people have lent money.

I don't know if the episode is out by now, but there was one person who's been lent money by a bunch of friends, and guess what? Now they're all ex-friends, every single one of them. Why risk that? And this was your first mortgage payment? No, not first. Even still, do you owe your dad? Do you owe your dad?

Yes. No. He gifted it? Yes. Well, technically we do still owe him on our, on his insurance. Sake. Insurance?

He was. We owe for him on the weekends. Huh? I work for him on the weekends. Cool. Take the money home and invest it. Yeah. Uh-huh.

What the fuck is this conversation? Listen, again, my concern is, how are we able to move on if you weren't allowing her to see the $350 of purchases of gas stations? And then I still don't even know what you think about those. purchases. I hate them. I despise them. I would rather... Yeah, but you didn't know it's $300. What do you think about that? Well, not all of that's food. So there's been a couple of times where my charges for the, I get those cheap charges, gas station chargers and the cheap gas station chargers for your phones.

Why don't you have a charger? Well, they'll break and I have to get a new charger. What? Yeah. Who gets these then? Obviously they have a market because of people like, you just buy one charger that isn't. That's like $20 for a charger. You can get a $20? What? I get like a $10 charger on Amazon and I'm fine. Forever.

I need it right then and there. The gas station's right there. Yeah, but why not just do the $10 once? Instead of this endless thing. What are you doing with your phone? I guess the convenience is right there. No, what are you doing with your phone that is breaking all these chargers? Oh, I'm driving on lease roads every day, so it's a bumpy.

Oh, cool. Strap it somewhere. What do you like, where is this? it? Why is it not in one of those things that on the dash? It's not a magnet. I magnetize this. Obviously, the magnet's not working. You need the thing that clamps around it. I just haven't got one. Oh, good.

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You will not regret this. How many times are you buying those, then? Probably two or three of them a week. Two or three a week. What? Two or three phone charges a week. I can't ask you. to buy me one phone charger for, I'm telling you, I have a charger in our personal truck for months.

And I've been begging for him to just run in and grab me one. And he just recently, before we came on the trip, grabbed me my charger. I have never heard of this. Buying three phone charges a week is one of the most, like literally ridiculous things I've ever heard on the show. That's stupid. They just keep breaking. Then it's not working.

Purchase one. That doesn't break... What the fuck are you doing? On your chargers or something? Like, I don't understand how you're breaking these chargers. No, they're just... I have no idea. I don't want this to be the anti-Kyle show, but what the fuck is that?

That's the dumbest thing I've ever heard of my life. Today, at least. Yeah. And then vapes are like 20 to 30... Oh, fuck me. What? You're not trying to live for your kids in the future? Nope.

I asked him to quit before our first baby. And he is yet to do it. Why? Why? Why? Addiction, it sucks. No, shit. Have you tried to quit? A couple times. What does that look like to you? I think the long as I went, it was two weeks.

Okay. I can't put that in the budget at the end. Like, I'm not going to budget out your eventual death. So much shit on those things, dude. We don't even know the long-term consequences. All right. I'm going to go three, two, one, go. And on go, I want you guys to give me your household financial score at the same time.

So I can see where you guys think you are. Ranges from zero to ten, zero being the absolute worst, ten being the absolute best. Three, two, one, one. Whoa, we're synced with one thing. We don't know what each other are spending on. And we hide spending and we can't have a conversation about it. But we know what? Huh?

I'm going to kill him out to this. I had no idea it was $300 for, especially so many chargers. Was that a month or one week? Are you kidding me? Is that a month? Because you used to give me like $200 for a week. Why would he get an allowance? Yeah.

What are you talking about? Wait, what? No, why are you giving him an allowance? What is this relationship? Well, she used to give me an allowance for gas station and stuff. So he could get drinks. Why would he have an allowance? Because he is a child and does not.

I don't know how to control himself and does not understand that finances are not growing on trees. 250 bucks every two weeks. Every time I got paid, she gave me 250 bucks. Cash. She gave you. From your paycheck. Yes. What the fuck I'm dealing with right now?

Infants. If you want your hammer financial score, it's free. Figure out where you are on the scale. Link is in the description below. And if you want to come to Austin, Texas, be on the show and get a little financial verbal beatdown. I'm happy to do it. go to Calebhammer.com slash apply. The Discover card.

So what's up with this Discover card? Is this one of the hidden special little cards? Discover it. It's not hidden. She knows about it. She knows it exists, but she doesn't know what spending is on there. No, I had no idea. Yeah, I had it. Oh, she doesn't know what spending is on there?

No, she don't. Okay. What's the balance on here? What do you think? What do you think is balance of his credit card that is accruing interest and not being paid off his? I think he said one was at 14. $1,851. $1,851.

Again, holding... No, you're right. No. You knew about that one. You're right. You're right. You're right. You're right. You're right.

Okay, she knew about it. What are the conversations around this then? She knows about it, then what? I told her it was at 1800 and... And? I'm going to stop spinning on it. That's not true. $516 to spend, even though you only put the minimum monthly payment towards it.

So, fuck you. And correct, you lied to her. Always. Always? Most of the time it's lies. I have to dig and dig and dig for information if I want to... If I want things. If I want to know things anyway.

Why? I don't know. I just, I mean, she has to have access to it. Why? Why does she have to dig? I do not have access to that. I have no login for that account. I don't know your login either.

Just because I can guess you because you're easy and have one password for all things. Big boobs, capital letters. No. Oh, I know you. No. I wish it was that easy. Yeah, I mean, not really. trying to hide it.

Oh, I didn't know he was still spending on it also. I thought he... What do you mean you don't try to hide? But she says she tries to ask and know about it. And what do you mean? But, but she's not seeing it. I don't think I've ever seen those transactions also. Yeah.

I've never looked at any of those. Are we not married? Are we not committed? Are we not aligned? No, finances do you are, would you guys consider yourselves combined? Oh, yeah. We're... But you don't even know what's being spent on this card.

It's almost at the credit limit. It's almost maxed out. Maxed out credit card. Your life. Max out credit card. I honestly, I didn't know. I should have known. Why would you not tell her?

I didn't want her to worry about it. Yeah, and how's that going? Because it's only getting worse. So now it's a big worry for all three of us. We have a minimum fee payment. $59 again. He only made the minimum fee payment last time. $516 of purchases.

$40 of interest is accruing on a monthly basis. $40 being stolen. one. Well, how do you not know? Do you not look at your own account? I know she doesn't, but why don't you? I don't even know what the interest rate on that one is. Oh, for sake. Guys, go through our debt class so you can learn how to assess your debt, figure out what good debt is, figure out what bad debt is and how to pay it off, how to negotiate it all this stuff. Also take our budgeting class. Go do it together. Take the quizzes together. Do everything together so you can be united and actually do it. You can do it. You get it for free. It's 15% off

for these people when all bundled together, which is great for them, but you guys get it for free. So do it. You're shocked at how much interest is agreeing on it? Come on. Come on. Guess what? If he doesn't even make any more purchases and only does the minimum fee payment as he's been doing, how long do you think it takes a pay off? Or three years to pay off.

Yeah. Yeah, seven years. Oh, my God. I'm going to kill you. Happy 31 year old birthday. And that is without one purchase being made ever on this card. Now, one. I'm going to take all your cards.

Should that be how this conversation is? I don't want it to be. No. Then what are you going to do to, of man up for the first time of your life. I guess stop spinning on my cards and give her full access to all my cards so she can... You need to be babied?

No, I don't need to be babied, but she needs access to him so she can see what's going on. Accountability, I guess, yeah. McDonald's, $32, going in and getting some bullshit for vaping, who knows, Chick-fil-A, going and getting some crap. Headhunters, what's that? That's a vape store. Great,

wonderful. Going and getting some bullshit, going and getting some bullshit, going and getting some bullshit, going and getting some bullshit, going and getting some bullshit. It's all drinks. It's all food. It's all crap. Getting some donuts going in and getting some BS. Raising Cains.

Water burgers going in and getting some BS. 27.74% interest rate on this card. Interest charge this year, $350. Pride from your household. $350. Imagine where that could go today. I have no idea. Honestly.

It's not paying off something. Yeah. I'm looking at here. $30,000 for what? Oh, a ram. That has you written all over. A manly West Texas. This is RAM 1500.

I'm actually... $30,000 fucking dollars. I'm actually a Ford guy, but the rail... Well, great. So it's even worse. So you have 30,000 hours for something you don't even like. Well, I didn't say I didn't like it. Ram 1500, 30,000 hours. Kill me now. Oh, fuck.

Upside down on it. Oh, I bet you are. I'm not surprised. Guys. 19.8% interest. What are we doing? What life are we doing? What life are we? living in what world a 20% a credit card interest on a car a 20% interest rate on a

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Download the free CFO's guide to AI and machine learning at NetSuite.com slash hammer. It's packed with insights to help your business stay ahead. Again, that's netsuite.com slash hammer. Thanks to NetSuite for sponsoring today's episode. Now, let's get back into it. That, by the way, is we're $22,000, so we're dramatically underwater already. 20% of credit card interest on a truck. Did you know this?

I didn't know the interest rate, honestly. How do we not know anything? When I signed the papers to get it. Yeah, I didn't listen to the paperwork. Well, why weren't you listening? I can't think about it. How are you not thinking about it? We can't do that.

You can't not think about it? What do you mean? I didn't even want the truck in the first place. He had access to his father's truck. from the get-go. What the f f-the-f-f-you- doing? I got tired of asking to borrow his truck and I need- Oh, man, but now you're borrowing the bank's money instead.

At 20%, I doubt that interest was on your dad's truck. Nothing. We didn't have to pay anything. Exactly. You just had to ask. Which I'm not saying don't get a car at some point. You know what's saying that? We already had a vehicle.

20. What? Dodge Journey. It was our vehicle, our family vehicle. Yes. Whoa. I mean, did you guys need to leave at the same time, though? Like, could you only do one car?

Before I was in the field, I had a service truck. I was down back in for it to work, which was an hour and a half to work every day. Why the fuck this car? Why a 20% interest rate on a RAM? I thought I'll be able to refinance it in a year and get it down lower. And you probably can. I doubt the rate's going to be good. We can probably get you close to like 10%.

My life. That's not like that's good anyway. 20% interest on a truck. What is the minimum monthly? 700 something. No, $5.95, I think. $5.95.

Yeah. Okay. For, and how is it? How is this car that were dramatically underwater and have a credit card interest rate and chunky payment on? Pretty nice. I mean, it consists of point A to point B. and it's going to last for a bit miles condition now uh 72 000 miles on it now

condition all pretty fair fair's usually not good in the car world well i've um what was it a trailer came on hitched on the truck it smashed into the tailgate but besides that it's a pretty good truck the toys the gas station food and now a 20% truck is more important than the child that is growing in there that she's going to take a and it's going to come out one day. That's exactly how it feels to. No, it's not. But it is, because that's what you're doing.

When did you get this truck? September of 23. No, 23, yes. September. So a year ago. Yes. What is the term length on this? 68?

68. Stop it, guys. America. What are we doing? What is our obsession? Willing to get a multi, multi, multi, multi, long year, seven year almost bullshit crap at a 20% interest with a minimum payment that we can barely afford.

Also that you can have a manly truck for your West Texas oil riding friends. Who cares? How about the kids? How about the kids, huh? Maybe they matter a little. My son likes a truck a lot. Why? Because they don't have wheels.

They don't matter as much. Your son likes a truck. It doesn't know what's going on. Can't even, it's barely starting to form core memories in its life. Likes the truck. It likes anything that goes room. Yes, he does. Or two, two.

Yes. Roadrunner, is this a continuation? Or is this a different? That's different. This is a different thing? Yes. That's my full wheeler. Yes.

You're four wheel? For what fucking, do you need a four-wheeler? You already have a thing with, guess what? Four wheels? That does not run. It doesn't run. Oh, no, it runs. It ran at one point.

Yeah. He broke it. So does it drive right now? No. Sounds like it doesn't fucking run. A four-wheeler? For why? That's our hobby.

We go out and... What? Just roll around to the sand out there and just fucking okay. Not sand. We usually go... There is sand, though. There is a little bit of sand, but it usually go in muddy, pretty much. Roll around in the mud.

Get a mudroom. Get a mudroom. His father already has four-wheelers that we could have been used. Again, again with this? What are, so that's actual child purchases. You're making me shake my fat fucking jiggling. What are we doing? I just wanted my own full-wheeler and I went out and got one.

It just stacks. It stacks. It stacks, it stacks, dude. 22 and it's not paid off until 20-29? What? Yeah, seven years. Yeah. We're just willing to finance everything in our life.

What is the interest rate on this? Not good That's not a number I don't remember I think it's 18 I think it's 18 So just as bad as it's I'm like

mentally getting worn down Like When I hear 18 That should be the end of the world And you're making it become like a basic Normal number like that's what people are just getting Does I say it on there You already had your kid at that point

Or the kid was No no no no I already had the kid I know how math worse Okay we didn't Wait when did you get this? 20-22. Okay, so kid was like...

Baby. A baby. Yeah, so you did have your kid. Fuck. They just said 2018. I was confused. Okay. No.

Oh. How do we approach us in the future? You just get these bullshit things that, by the way, already exists in your family. But this folder that I got is a 1,000. So it's bigger than all the foliage we've had. Oh, oh, big guy. Yes.

Oh, special little guy. Yes. Oh, what a man. What a handsome. gentlemen handsome gentlemen out showing all his friends he has a bigger four-wheeler to make up for his micro dick oh it's nice and pretty too he made sure it had camo no it's what camo i put oh good everyone can see you in sand i put two thousand dollar tires what is a fcghanistan level camo or what or everyone's gonna see you no it's just real tree camo oh great that's what west

huss is known for trees guys we're so smart i actually picked it up in austin here at the family Power Sports. Wonderful. Proud of you. Got scammed in Austin. I also had been saying no. What did you say about the tires? Is this something about the tires? $2,000 tires I put on it. Each? No, all together. All four. All four.

The fuck. Okay. So, this is crazy. This is crazy. The thing that's crazy is the dad already had them. 18% till 20, I mean, you guys are just going into late 20s early 30s with these debts

for no reason. For no reason with a zero dollars in retirement. You with your income, buddy, you could be a multi-millionaire. Multi-millionaire. If I took your income, plugged it into Mumu, my investing app of choice, that's what I used to, for my regular broker. It's not like my Roth IRA. But I go in there and I just put that money in there. I buy like S&P 500, 20% of your income, dude.

Boom. Multi-millionaire by retired because you're investing for fucking 22. You do not realize what you are giving up. you do not realize that what you are giving up time is on your side unlike any other you are making an incredible income

multi-millionaire by retirement is what you're giving up because every year you don't invest from 22 that number literally will probably lower by $100,000

$300,000 every year you add it just becomes hundreds of thousands of dollars you are not making in compound interest do we understand what I'm saying

I fully understand I know time is on our time on our side and we should be doing it. And you? I even started to go into and open a Roth for each of us, but no money has been put into them. Yeah. Just a point of them. $22. I mean, these are stacking like crazy already.

$7,922 owed on it. Again, 18%. The last one was at a 20%. And you? Do you understand what I am saying? I do. I understand that the interest. rate on that's pretty high and I was going to work on trying to get refinanced.

I don't think you understand because now that's the second thing you've brought up. The interest is a loan is not the issue. You do not need this. You do not need this and you're not like in LBJN everyone that you meet just whipping out and seeing who has the biggest dong when it comes to four wheelers. It is not what we're trying to do. We're trying to set you up for success. If you get this from 18% to 8% I'm not celebrating that because that's one,

still a shit the interest rate. Let's be clear. For something we do not need that is a depreciating asset. This, having this is the issue. We're probably selling this.

Yes, it is. Yeah, it's a $15. It's having these things. It's having a $30,000 car, not the interest rate. The interest rate is stacking, making it worse. It should be a $10,000 thing.

Three years, money guy it up. They essentially suggest their financial advisors here on YouTube. 20% down on the car, no longer than a three-year term, no more than 8% of your gross income. That's the car that you would have been allowed to finance. It's having these that are...

Refinancing is not getting you out of this. I want to correct that mindset immediately. That's you're refinancing them to like 1% and you're not. Okay, what's up with a regular Capital One platinum? Oh, that's a card card. Is it? Yes. Interesting.

And what is up with it? Um, I haven't spent, I haven't spent on that one in a while. That one has been, um, what's the balance on here? Is this his only? Yes, it is. And what's the balance? It's in the thousands. I know that.

Great. $1,674 with a $62 minimum fee payment. What's this? What? What do we have this? Why is no progress being made other than the minimums, huh? That was my very first card of card. Very good.

That means you've had the longest amount of time to pay it off. Why is there a massive balance on here? Um, so in 20, 22, right after I got the folder, my old company I was with got bought out. Okay. And we went struggling pretty bad. They lowered pay rates and all that. Remember we said you can't see emergencies coming?

Yeah. And we use credit cards to help us float until I've got back on lifestyle. I know you didn't cut back on lifestyle. You didn't get rid of the four-wheeler. No, I didn't. Exactly. You shouldn't be going in debt to you cut back on everything until you can't. And that's when we start digging deep on that.

And even still, you haven't been. struggling for a while. So even if we are in a moment of struggle, if someone does not have pet insurance and I recommend that everyone does, trust me, I've, the bills I've f-crued for my dogs to try to kill themselves constantly. Okay, but let's say an emergency happens. No one's going to let their pet die, so sometimes they put it on a credit card. That is not when I'm upset about. I'm upset that when you are doing better, which you are, you are not doing everything in your power to pay down the card. You only make the minimum fee payment on both the cards I've seen so far, and same with the vehicles. I paid $500 towards it two or three months ago.

Congratulations. That's not what I have here and you're making the same kind of income. I don't see that. And that means you were literally at the limit. You were at the fucking limit. I was actually above the limit. So it's not that it was the first credit card. You were at the limit. This credit card was recently spent on it. If it was at the limit. Yeah, it was the monthly payment and the interest rate on it got me above the limit. Oh, yeah. Yeah. So how long to pay off? Minimum monthly payment only.

Folks, how long to pay off? The way you're doing it currently. Seven years. Seven. That's being nice, I think. 12 years. 12 years. 12.

Over a decade. Congratulations. Because of what you did. He was still spending on those. This, he did not still spend on. He was, if it was literally at its limit and then over the limit, he was recently spending on it. He didn't this last month.

Oh, good. Payroll. We had $7,000 come in. Last thing you said. said 9,000 comes in. Wait. So what's the, what's wrong? The last two months has been really rough.

I've been going to take a lot of days off with her father. Yeah. Okay. He was diagnosed with, um, what's the? Brain cancer. Brain cancer. Well, I'm sorry. That's horrible.

He passed away last Saturday, or two Saturday ago. That's horrible. I'm sorry. Yes. So because of that, little less income came in. Yeah. Yeah, we don't wish that on anyone. Obviously, that's horrible.

Is the income going to start restable? you know? Yes. Actually it has gone up. Already has. Okay, so 7,000 hours came in. Now, again, this is when we cut back because less money is coming in. How much went out? How much was spent? Probably over that. How much was spent? 6,000. I'd say 8. Okay. How about 9,177? Only 7,132 came in. We don't need to double up a life trauma that is horrible to go through, with also making our future life even worse. And you guys could have cut back. We saw your spending already on one credit card. It was ridiculous. It was ridiculous. All for snacks and drinks and

vaping and chargers three a week. What the fuck even is that? We're spending two thousand hours more than we make? No, we cut back. In times that are hard, we sacrifice. We don't sustain the level before because if you do, you're f*** yourself in the future. Future's now and you You have yourselves. And we have, so no pet insurance for... You have pets. We have pets. We have three dogs and five cats.

And a lizard. We walked into our house with only two dogs and one cat. And then our cat, my cat got out. You're responsible to get pets when you can't afford to take care of them the fullest ability that is necessary. And where her cat kept getting pregnant and pregnant. Tell it to stop. Yeah.

It doesn't listen like that. It's our, we've already scheduled. Spays are free at community services oftentimes. I don't know what small town does, but you can probably, yeah, you already came to Austin to pick up a four wheel or bring the cat's vagina over here and have it cut off. What? Bro, what are you talking about, man? She's actually pregnant currently.

Yeah, she is pregnant currently. Well, at this case, in order for you guys to survive, you guys are going to have to be eating the cats and eating the dogs. Pretty soon, right? Hey, we've had a late payment. on this card this year. Well done. Neither of you knew this.

I'm gathering from the faces that are being shown towards me right now. Oh, no idea. Yes, the auto payment, auto pay did not come out. So I had to go in there. Why? Because you didn't have enough money in your account that is getting pulled from.

Okay, so why do we fuck that part then? Probably gas station. I couldn't tell you. In the checking accounts? Yes. I mean, there's more to come. I'm going to. Oh, there's a lot more to come.

But the guest stations. I just, from this conversation, so far what we've done is we're just going through seeing where it's at. Put your language and presentation towards me. It's not suggesting that there's going to be any change after this. Is anyone else picking up on this? Is this just me? Chat. Is this just me?

I believe it's just you. I mean, we want to change. Okay. Great. I'm glad. Okay. $602 in interest this year so far on that card. $602.

Pulling away from us. Okay. There's over a month of your income gone. One, just having the credit card. Who is this? I see wheels at the top of this thing. No, that's the same. That's the same account, Roadrunner.

I think the interest rate is on that. Oh, it is 18%. 72 months. So this is the same thing I already saw. Yeah, same thing. I just, oh, the paper didn't have. Right on it. Yeah, just one wheel.

Oh, good. You just gave me a little bit of harbor. He does still look constantly on his phone on Facebook marketplace for another project. What are you doing? A side by side. Delete Facebook. Delete the Zuck.

I can't delete Facebook. I got notifications. You get notification. You're 22. You're two decades under the meeting age of Facebook. What notifications are you getting? What family's doing and family? He does have a family reunion thing that is on there.

Yeah, but what do you need to see for? Just know when it is and go. What? It's just someone posting some. AI thing of a veteran with 10 arms and they're like, thank goodness. Everyone pray for this guy. And it's some AI generated image and everyone thinks it's real on Facebook because they're 69 billion years old. Yeah, mine's mostly about mechanic stuff and full weather's.

That's all he looks at. You can't have that level of temptation though. You don't have the control. Yeah, that's kind of hard. I mean, yeah. But on Facebook Marketplace, I look. get pretty much anything from furniture to full. Why, though?

You have that shopping addiction, obviously, on different things. So why tempt yourself like that? Just want something new. I know. So why tempt yourself like that then? Going forward, maybe we're building these different little habits when we're bored instead of looking at all those things. I do think I needed to delete Facebook.

But it's on my Facebook, TikTok, Instagram. He has Zillow that he constantly looks at. He wants us to move. I do too. It's fun, but you can't control yourself. Yeah, we're supposed to go look at a house this weekend.

In the still west, Texas? But that goes against you guys' goal to the east side anyway. So like, what do you... If you think you want to go to the east side, why get into a new mortgage at a higher interest rate on the west side? That's all I keep saying. I do not want to move. I am okay.

And I mean, if he wants to do the house improvements, because there are some things that we can improve on our house. The other day you were talking about how you wanted to move. You wanted a bigger. I do technically want a bigger house. Our mortgage used to be. Okay, well, then you just lied to me.

Well, but I can wait until it's in East Texas. I don't need a bigger house. Well, our mortgage used to be $933 a month. Yes. And then now it's 14. The fuck. Why? Property taxes?

We have no idea. Are you homesteading? I did that two months ago. Barely. Back? Did you back home set, though? Yes. Yes.

We should get money. I should get money back. I'm just waiting for that. But I did do that. And I'm just waiting until the end of the year to see if my monthly payment drops. But she was, we both agree that that house we live in it is not worth the $1,400 a month. Well, I don't know. That's the cost of the debt and the property taxes. And this is, I mean, if it's literally not worth it, then you need to liquidate that asset and get to send to something that's making moves, you know? If it's not worth it and it's going down, I'd rather it be rent. We also have a fence in the back that's broke. Cool. So our dogs can't be outside anymore.

Get a hammer. Some wood. It's a whole metal fence. It went down because the storms pulled it down and we have not fixed. I lost my service truck for two months due to a transfer case going out on it. So I didn't have a welder to weld on the back. The weld much. What you do now?

I do now. Cool. Why haven't you fixed it, Mr. Welding guy? Laziness. Well, there you go. So I no longer have it. any sympathy for that. So, okay, great.

Oh, and the wind. The wind is. Oh, no, guys, there's wind. What is the deserve card? It looks like a card. Oh, that one's mine. That one's a college. So guess what?

You do have debt. Why do you have debt? Why is that not being paid off in your end? This has been pick on him so far. Why do you have a balance that is not going anywhere more than the minimum monthly payment? I'm about to end this man's whole career. What was the last time you paid the month?

monthly payment. Well, the monthly payments being made. But just the minimum monthly, which is 15, is not going to make any progress. Two years to pay off the way you're doing it. Two years. Honestly, it's because I spend my money on grocery stores. Oh, come on. Well, it's...

It's... It's... There it is. So that's not... But... And I just don't want to use his money because he has so many credit cards. Why is it? his mind, his, yours.

That's just what I was thinking. You told me you were combined. We are and we only have one account. Then why is it his mind? Yeah, one bank and account. Because he wants his money. He wants to spend it. Why is it your money? Is it not your couple together married? It is. I just, I feel like I don't get to spend my money on what I want.

My money on what I want. You guys are contradicting your, do you not realize this? I can't spend my money. This is, you. You guys are either united in your money or you're not. And I mean, don't wrong, I spend my money on, our money on her a lot. I've gotten her three Apple Watchers. It's not spending your money.

I stop fucking, what are you talking about? That's you spending your money on a gift for her. I'm talking about whether or not she would take it to pay off this car, but she's saying I don't want to take his money because he wants to spend his money even if it's not a gift for her. So what are you talking about? Your guys's money are separate. That's what it is.

You can say otherwise, but the way. way you're talking about it and the way you're actually using it. Uh-uh. Your money's separate. You guys are not together. I hadn't thought about it that way, but. How have you not? Did you not hear the words you guys just said?

I mean, what was it, like two hours before we got here? We had to go to Target and $400 on makeup. Before you got here? Yes. In her defense, my dog did eat all of my makeup. What the fuck? up. Yeah. So we went from two dogs. We had two kennels that we would lock him up at night. Oh, oh, yes. Yes. Yes. For at night. Okay. Okay. And then when we got that third dog, we had nowhere to put her because we could not.

Are you getting more dogs? She walked home with us. Yeah. I was on a walk in my neighborhood. I couldn't turn it down either. She actually would not leave our house at all. I would kick her out out of my front door because she was still pretty puppy puppy. and so rude, I know. No, that's not even rude. That's just me. You're allowing it to go die? No, no, no, no, no, no. You kicked it out your front door.

So I wouldn't have to pick up her potty accidents. She wasn't potty trained at that time, and I was really tired, overwhelmed with Lucas. You still take it to a shelter and I hope or let it go and see if it dies. No, she's still in the house. Yes, but you're saying you kicked it out the front door. Yes. That's disgusting. That's fucking evil.

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free because of their ability to print money and pay you back. Also, all assets on silo are stored with interactive brokers and protected by $500,000 in SIPC insurance and up to $2.5 million in FDIC insurance. This limited time launch offer is only available for the first $10 million. In deposits, and a big chunk of that is already filmed. So if you want to get a $3,000 bonus, don't wait. Take advantage of this opportunity to lock in over 7% rates only with Silo at the link in the the description below. Now, let's jump back into the episode. Well, our fence was down anyway. She would have gotten out. You take it out with a leash like a fucking adult. You take on the responsibility? You have it. You don't just say good luck. But the dog did stay. This is disgusting.

It did. It did. Lucky for it. She still does. Kind of. She gets out a lot. No, she does get out a lot. I don't care. You still did the action of it. It could have gone away. Yes. And fucking died. That's gross. That's disgusting. What the fuck. It was $100 in interest this year so far down that card. Well, we don't pay it off because it's here it's money. We're not united and we have no united goals other than the little thing we want. On East Texas, other than that, no actual ambitions or anything. Vivint, solar, security, what do we have?

Security. Security, house system. Yeah, for a town that five people live in? 29,000. Okay. Yeah, real dangerous? A little bit bigger than five. Our neighborhood's not the best.

That neighborhood is not the best I get it I'm okay with it I'm okay with the finance I've been paying way extra on that though That one I have Why this you have 20% interest car debt And you have 30% interest discovered debt That one I said on auto pay

Auto pay when we first got it And then I thought it was coming out But I waited six months to look at it And I realized it never came out Oh for fuck so I was six months behind on it And I just been trying to pay that one off What's the interest

I believe zero I could not find anything on it Well the auto pay it is 35. That's the minimum thing that's... And I pay 100. But I wouldn't. I would just do the minimum monthly now. And then the current balance is 654.

For it's zero percent interest, go kill something else. Unless we're snowball methadine. We'll figure that out in the end. Why do we have a Walmart carding collections? Is that me or... You guys look like you were born in a Walmart, but why do we have a Walmart carton collections?

Is that mine or hers? I don't know. How would I know? How would I know? Why are you asking me, guys? Walmart? You can't tell me what you're own. You sent this.

Oh, you're going to make me lose my mind. I believe that one's yours. The Capital One Walmart card? It's 2009. The 2000 maybe, are you sure it's from the card? I'm pretty sure that's medical. Yeah, that's medical. $2,000 is medical.

Wait, wait, one second, one second, one second. Because I didn't. I had no. Okay, it's medical. 2009. What? You guys don't have insurance. You make so much money.

Yeah, I didn't have insurance. I missed the open enrollment. Well, I did it, but I did some of it now. Yes. Why do we still owe on this? It starts January 1st. Why are we still owe on this? Why is it in collections?

Why didn't we pay? Get on a payment plan with the hospital. They pretty much all offer them. Zero interest. I honestly didn't think about payment. Because we're living like children. That's why. So we have no responsibility.

We only get toys and we just blow as much money. as we want. Don't care. Take care of our animals. We just put on the ground. Well done. So let's see the house guys. We're at a 4% or under 4% in interest. The mortgage of 130,000 hours when we're talking about moving. What the fuck are you talking about? Unless you're moving somewhere else. Like, why? Right now. It doesn't make sense. And it's not for space.

It would just be for once. Yes. But it's not space necessity. No. No. I mean, it's, we've got the room right now. Yes. That's... You go $130,000. Ooh. And $60 with a minimum fee payment of, yeah, $1,400, but we don't know what it will be yet. I don't know.

Yeah. Because property taxes are essentially. Insurance. What did your insurance jump to? Do you know? Did the insurance jump up? Did it? I can't see.

I can't see inside of Castro. No, no. I believe it was just the property Texas. principal to the home this year, 2000, but escrow taxes and insurance, $6,000. That's crazy. Anything else that you guys owe money on? Because I think I'm to the checking account. Well, you said you owed your dad or something, right?

For insurance, yeah. Yeah, insurance. What? What is it even for? Now, why is daddy paying for car insurance? Well, I pay him, but it's $140 a month I've got to give him. Oh, but it's not a debt. No, it's not a debt.

No, no, no, no, we were three months behind. I wish we didn't pay. Why were we three months behind? I forgot to pay him and he's... Just forget? That's it. Yes. It's not that we could.

No, no, that I couldn't. I just forgot. And after... So irresponsible, so unorganized. This Friday. Oh, what do you own this Friday? Huh? I get paid this Friday.

What do you owe him this Friday? Just the monthly payment, the 140 for the... You said he'll be caught up. So you're only just the normal... Yeah, so we're just one now. Yes. We have paid him twice since then. Yes.

And he'll be caught up. Because it's so unorganized. You don't know each other's situations. You call it his money. You're not. This is such a fucking mess. Of course not. I'm not surprised for a single second.

He also nonstop buys tools off of his, the tool truck. That's the tool truck. Do you owe money to the tool truck? A thousand dollars. Oh, only a thousand. Minimum. No, he had to pay it down before you. That is low for the tool truck people.

No, no. He had to pay it down. Stop. You guys need to stop getting on your knees for this tool. tool man that shows up. Okay. You guys are obsessed. Everyone.

Everyone over there is obsessed for the fucking tool man. Shows up in a special little truck. Ooh, special little truck time. Time to go into a billion percent interest for a tool. No interest. I don't got a credit account with them. It's on the... But you said you owe a thousand?

Yes. So you have a credit account with the truck and then you got the truck account. The truck account is pretty much I buy the 12th of you and I got to pay you the monthly payment and there's no interest. rate with it. What the fucking talking about? So are you sure? Yes, 100%.

What's your monthly payment? It's $140 a week. Every, no, every two weeks. Every check. Guys, why have another $280 a month payment? For Tim the Toolman. He says it's for his work. But I, I don't know.

Any other debt? Long and hard, because you don't know about each other's debt. So you need to tell me about your own individual ones. Oh, that should be it. Man, I don't have any debt. Checking accounts. 247 ending balance. Is this the only checking account?

Yes. And we're ending with 247? That's so dangerous. What if anything happens? You're just putting yourself, and even more importantly, because they didn't consent to coming into this world, your children at unnecessary risk, just for your own addiction suspending and your immature to be able to sit down and have a reasonable conversation about finances without bickering at each other without hiding things, whatever it may be.

You all bring both shi-thing things to the table and prevent each other from coming to the table. Some subscriptions, anytime fitness, all this stuff. Oh, we don't use those. We both have one, but we don't use them. We don't have the time. You know what? Fun fact usually. Cancel!

Mine can be canceled. His cannot. Why the f- It's some plan. Yeah. Some plan I saw. Oh, you're easy to sell. Why have these unnecessary

subscriptions? Honestly, I encourage people to have a gym membership while getting out of debt and get it to the gym and work out so you can prevent man tits like mine. I encourage it. I'm not good at it, but I encourage it. Anytime fitness, planet fitness, all that good stuff. Some minimum of the payments.

Okay, here we come again. Stopping in, getting some... Stopping in, getting some BS. Stopping in getting some BS. Selling out $150 to Mom. That's my insurance. So you're... So you're doing that as well?

Yes, we both have insurance with our parents. Health or car? Car. Car. Car. If we went by ourselves, he'll stop in December. He has, what, three accidents? Three accidents, yeah. Three accidents.

What? He's like, there's no one there. Total two vehicles. What are you crashing into? Frikan armadillos? A pole at 70 miles an hour and... Are you drunk? No, I was really.

sleepy. I got to get up at like four in the morning every day to get to work. So I didn't sleep very well than that night before and I fell sleeping in here to pull. And then the second accident is on I-20. I-20 is hectic as hell. It's a lot of accidents every day on it. Yeah, all 10 people are going at the same time. I passed and everybody stopped and I didn't know. And I couldn't stop. You didn't know? He wasn't paying attention. Well, that's not you didn't know. It's, you weren't looking. I didn't know. I didn't know.

Stupid. Yeah, by the time I got to the top of the overpass, I saw tell lights and I went to stop and the car just slid. I don't. Oh. You're a creature. Yes. Going in and getting some, a snack. Going in getting a sandwich.

Apple bills. Some kind of subscription. Going in and getting a sandwich. Microsoft subscription. Going to Chick-fil-A. Go into the grill for 78 bucks. What's the game? The Microsoft is our gaming.

We only get ColoredDuty. Yeah, game pass. We only get Color Duty through the Game Pass. We haven't bought Collard Ditty. Okay, but if it's only for one game, you could get Collar Duty in a couple months of Game Pass. Game Pass is so you can do a lot of games. He plays other games. I do not.

We'll see if that fits. But you're going to the grill for $78. Going in and getting a sandwich Academy Sports 160. door-dashing McDonald's, and I know that McDonald's is about 10 light years from your house. ATM would draw $123,000. Who knows where that went? Going in and getting a sandwich. Another apple bill, some kind of subscription.

Another apple bill, some kind of subscription. Maybe who knows? I don't know. And then going in and getting a Sammy. Chick-fil-A, going in and getting a sandwich. Going in and getting a sandwich. This is a mess. They can't be that good.

My goodness. Going in and getting a sandwich. Going in and getting a sandwich. Chick-fil-A, again, going in getting a sandwich. going in and getting a sandwich. Sunny set up, cafe. Golden chick. Wait, how long is this?

Checking out? This is crazy. This is crazy. Chick-fil-A, go in and get you the sandwich, going in and getting into a sandwich, going in and getting a sandwich. McDonald's, donuts, smoke scene. Microsoft again?

Wait, two in one month? Yes, he's got one. Yeah, he's got one. You can't share it. No, we cannot. Because you pay the same game? Yes. Yes.

Oh, fuck. We'll fight. We'll do it together. Fuck, fuck. So he gets a sandwich for lunch and then every other day you guys go out to eat for dinner. Yes. Yes. No one cooks. Literally no.

Like actually? Yeah. Yeah. You just don't. I, when we first. You know this is unfeiting acceptable. Your kids are going to struggle to survive and you refuse to cook. Stop being children.

Stop being children. That's not a joke. That's crazy. Who gives a crap ink $73? Chick-fil-A and other Apple bill and other subscription. Maybe a subscription. hotel settlers the train car

Chick-fil-A Sunny set up cafe Donuts and seen the same five places over and over again because we're addicted TikTok shop $71 what What do you get

What do you get Those were the litter boxes I believe No What Amazon? No no that was Amazon

I don't remember honestly 71 dollars you don't know what you got Steam cleaner On TikTok My stink cleaner Yeah Was it that long ago?

Yeah It wasn't that long. It was $71. That's the only thing on TikTok shop you bought that was about 70. We've overdrafted this year. Yes, I know. Yes. For why?

So we can get f-fing sandwiches we're overdrafting? So we can get sandwiches we're overdrafting? Uh-huh. Great insight, guys. Show me your subscriptions. Whoever has them on the phone. Pull it up and show me those subscriptions. We only pay for Paramount Plus.

and Apple subscriptions that Apple that 595 whatever where's my shit this is ridiculous guys insane you're getting

what are you getting two sandwiches a day are you going and getting a sandwich and a nicotine thing and a fuck and a stupid little drink as well you must be getting 10 things because we're at the

you're going in more than every day well I buy breakfast and lunch for me when I'm out in the field I'm budgetless oh actually some of those subscriptions were for my pregnancy apps. Two of them were, at least.

$1,400 getting food. Misley is bullshit extra $1,300. Thank you. Almost $3,000 that could have gone towards debt, retirement, survival,

down payment on a new home went out the door on bullshit. We spent $2,000 more than came in, yet we spent $3,000 minimum on bullshit, probably closer to four. I am angry, actually angry, because you have kids. This was just you two young couple fucking around. There is a child on the way there's a three-year-old,

and you're saying it doesn't matter. Your actions don't give a shit. You're acting like freshly new job, first 16-year-old job ever, got my little card from work. spending. You're acting like a joke. You guys are floundering it. You're willing to let it just go away and have, you have nothing to show for it. A mortgage, sure, but nothing. Not a single set in retirements. And we got some toys that are broken. I had like 2000 and then I pulled out of it. I didn't know you pulled out of it. Yeah, that there's a principal.

When? Oh, July. It'd be last year, July area. Why? Oh, the pay off a credit card. I thought you weren't allowed. I thought you weren't allowed to have a credit card that you just built all the way back up again. This is why we don't do it. This is why we don't.

You didn't change your behavior. This, the budget that we follow in the classes that you guys take, this is the behavior change. Only then and then are you able to do any kind of consolidation or shortcuts. Not before we change our behavior. 9,400 hits our account on average. Let me get your minimum monthly payments. How many discounts does USAA auto insurance offer? Too many to say here.

Multi-vehicle discount. Safe driver discount. New vehicle discount. Storage discount. How many discounts will you stack up? Tap the banner or visit usa.com slash auto discounts. Restrictions apply. All this stuff, not mortgage.

And you don't know what your mortgage is going to be. So we're just going to put it at the high end. And any extra will literally just go towards paying off debt, okay? Okay. That'll work. Right now, minimum payment is as much as your mortgage. Well done. $1,269.28.

Then, of course, we know our mortgage is 1418. What about utilities, guys, on average? Electricity is around $250. And then water and trash is about $80. Wi-Fi is $110. And gas is about $30. I would say $40 on the high. end sometimes.

Okay. Vroom drive, drive. You guys combined. Gas. Me, zero. I have a service truck now. I don't ever really drive. Can we sell your truck then?

Well, that's what she drives. That is what I drive now. You drive his truck? No. Oh, wait. Well, she had a car. I did have a Dodge journey. And that's what I was using.

So the truck was sitting with the journey. It's with my brother now. Yes. With her dad passing away. Do you own it? No, no. No, no.

My brother. my or my father got it for me under his name so we could get a better interest rate. Okay, how much in gas? Money. I only spend probably $45 every two weeks. I don't drive very far. Okay. I don't drive very far.

I'm going to say 100 bucks. Car insurance is $150 each, right? 140 and $150. Yeah. Okay. What's the gym that can't be canceled on a monthly basis? Anytime fitness. Yeah.

And that's, each. How much? Every two weeks. How much? $35. Every two weeks. Yes. Okay, so 70. Go ahead and use it. Use it well, you have to. Where is the gym part? Okay. Medical health care, anything on a monthly basis? I'm sure you're going in for checkups here and there pretty soon. Nothing right now. Soon, yeah, I will. My insurance won't kick it until January 1st. You're still insurance list? Yes. I got screwed over and missed the enrollment date. Enrollment just came in.

Okay, medical health care on a monthly basis. Any medications, anything? No. No. Okay, I'm going to, once you get the insurance and then you're going to start going to things, there's going to be copays and all that stuff. But you budget that in, you figure that out. Hopefully it's offset by the mortgage going down.

$150 for the TP fund. This is your makeup. This is anything you need. There's a total paper. All that stuff. You budget it out. Some goes toward someone one month. Some goes to the other on the next month.

You figure it out. I'm going to do about $750 for food. should be fine. Little one's not eating too much, but you can figure that out. You're going to meal prep. This is what I'm most concerned about. The fact that you don't cook a single meal.

Like, you guys are going to have to meal prep every meal that you guys do a couple times a week. That's how you guys make it through it. And you can follow our meal prep plan using Texas grocery stores too. And in the budgeting class and tweaking it to your needs. Obviously, the newborn is going to be using titty. So it's like, that's free. Phone bills?

$2.95. I'm going to kill myself. Why? Her watch and phone. Your watch? What about your watch? It's financed. Yes. Phone.

$2.95? $2.95 a month, yes. Sake. I usually recommend helium, but for rural, I'm not as educated as I should be. But I do like helium for those that live in a more urban environment, T-Mobile towers. But $2.90?

Pay it off and find a better service. Okay, cheaper? I think cricket around rural areas. There you go. There you go. anything else that needs to be in your budget that I don't have subscriptions. Okay, let's see if I can put in the $40 game pass and that will be the only subscription. $40 both that you can bind, okay?

Only. You cancel everything else. Okay. Deal? Yeah, we can do that. You get $40 total. You figure out where it goes. Paramount Plus, though.

Paramount Plus. I've never heard anyone not want to close Paramount Plus. That's all I want. The fuck is on there. Oh, you got to close Paramount Plus. Oh, you got to close Paramount Plus. the new TV show Landman, Fire Country. Oh, Landman, I think I've seen clips of that.

That's like based in your area. Yes, it's pretty good. So that's why you guys are watching. NCIS origins. The dude's like, I'm a man. Don't you know I'm a man? Haven't you thought about I'm a man? Oh, I'm a real man.

I'm an American. That's the whole show. That's the entire clips I've seen. He's like, I'm an American oil. Oh, America. Mm-hmm. M-M-M-M-M-M-M-M-M. Pretty much.

That's pretty close to that. I've never watched it. Well, you can choose if you want Paramount. for Mr. Oilman, if you'd like. He has a good raspy voice. We all like it. But you get $40 for subscriptions for the household. We'll see if there's more in the end.

But I'm just trying to add certain things. Pet insurance, we should. How much for pet food on our monthly basis? We get a, what is it? The dog food's like 50 bucks. The whole month? No, every two weeks. Even still, all those dogs,

100 bucks a month? Must not be very good food. Yes, mine's like $100 a $100. Well, I go crazy. though for mine. It's bad kibble. We should be putting on on. If you can't afford to reasonably take care of pets in a healthy good way, including pet insurance,

you should not have it. It's irresponsible and it harms them. Pet insurance. Do I even put that in you guys? It would be expensive with all you guys. All you guys. Cat food is that's right. Oh yeah. Cat food is only 25. 20 bucks a bag, so $40 a month. And they should be on wet food.

Let's see if I can give you guys $200 pet insurance. We'll try to figure that out. It's honestly probably a little too cheap, but I'm just going to put it in there. Because you guys are going to have to nail down the budget in detail when you guys actually do this yourself because that's the important part, but we're just trying to figure out if there's even a path here and what that path can look like. Anything else that needs to be in your budget that I have not taken account for. So let's move that pet insurance up to 300. So I'm going to add an extra 100. Then I'm also going to add a bullshit fund of 500.

Be subscriptions, be whatever you need. Even still, because you just have such a strong income, and that even upsets me more that you guys are around, because you guys are going to be able to tackle this debt like crazy. Even with all the bullshit and everything combined that I've just given you, you have $5,813 is what you need to survive. Again, 9,400 hits your account on a monthly basis, guys. What a joke.

What a joke. There's no reason why you should have this debt. I'm going to be honest, this is stupid. 3,586. Have I ever said that much money left on a monthly basis? I would be embarrassed. I would legitimately be embarrassed. I am embarrassed for you right now because that's a joke.

I'm not trying to be insulting. That's a joke. That is so much more money. I almost feel like I need to do the math again. No, I mean, that seems about right. That's a fucking joke. Well, how much debt besides the mortgage do you have? I mean, if I just get that number, I can figure this out.

I have, without your mortgage, 46,413. Unless there's more debt that I don't know about, and that includes collections. And with that, and you guys are fucking bad debt free, including those things that you really shouldn't have in a year. Just a year, because you guys have a lot of extra money. Just over a year, I need to get a fully funded emergency fund call six months after that.

It's simply a joke. You guys live such a good life, and you just, you refuse to actually manage like adults and communicate and talk. So I'm done. You know what's nice? It's luckily when we're done with here.

I get the walk out there. We're doing a cooking stream, which is super fun. Yeah, you guys can probably watch the Vod of that, but in our, well, I'm making my people cook off against each other in our weekly live stream

in the, uh, Hammer membership, which you guys should definitely sign up for below and join us in the post show. And tens of thousands. thousands of hours of extra content, super fun stuff. That'll be good.

But you guys have to start tackling the debt. That's what you have to start doing with. Spending in budget, zero out of ten. I mean, you overspent debt. We have collections, zero out of ten. There was nothing zero out of ten. Retirement, nothing we drained it. Oh, you do have real estate, though.

And it's at a good, do you know what the house is at? What is valued at? $160. And the mortgage was $130. So the equity positions is not even that. crazy. When did you get it? You got it at 19?

19, yeah. Did you guys not get a big COVID boom? No, no, no. No, when you were 19, three years ago. Yeah, yeah, yeah, yeah. Oh, well, yeah, I mean, you probably had one year of, okay, real estate score. I mean, it's pretty okay. You just haven't tackled that property taxes thing, and that's going to ding against

the score a little. I'll give you a six out of ten there. Actually, a five out of ten. I would want that. I could be positioned to be a bit. Ah, no, I'll be generous. Six out of ten. fix the fence though

yes that's the next thing the fence and we do the floors that saved you Hammer Financial score 1.5 out of 10 guys make sure to join us for the post show we'll bring in the producers we're going to talk about anything else that we missed any extra drama in life that we can't

talk about on the main show anything that would get us demonetized so all the good juicy stuff or all the extra juicy stuff join us for the post show enjoying hammer elite if you guys want thousands of hours of extra content, including a show where you can call in and talk to us, including a show of extra financial audits and weekly live streams and a bunch of other stuff. We will see you in the post

show. He has an addiction. An actual addiction. How many different ladies are you subscribing to? I can't even tell you. Maybe a dollar. A month? Crazy. I didn't know what this is... You didn't know how much? Hide from who? Me. You're hiding the OF from her. I would go through his phone. To watch the Financial Audit Post Show, click the join button below.