Financial Audit - He Just Sucks… | Financial Audit

Episode Date: August 27, 2025

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Depends on if you're talking about gambling with golf or gambling at the casino or gambling playing poker. You have a kid? Yeah. Or his mother? She's not in the picture. Call her. She has no idea about this. Hello? He just keeps blaming everything on you. He's like, oh, she left and I have to make all the payments and I

have to take up more debt. It's all her fault. No, so that's definitely not the case. Bundle all of my educational programs I've ever made, plus the premium version of my budgeting app for not only 80% off but also with a free trial today at dollarwise.com. Join the tens of thousands of people who've changed their lives and joined Dollar Wise Central right now for free. My name is Zach. I'm from Dayton, Ohio. I'm 25 and this is

financial audit. Thanks for coming down to Austin, man. What do you do up in Dayton for a living? I am a contract specialist, so I type contracts, write them out and review them and whatnot. Oh, okay, but it is a full-time I'm not a contractor. Yeah, 100%. Okay, 40 hours a week. Good. What are you making? The salary is about 93,000.

In Dayton? Yeah. I mean, that has to stretch, honestly, pretty deliciously far. What hits your account on a monthly basis? So, let's see, about 2230 per paycheck. So like roughly 45 per month, 4,500. Okay. So just you?

It's me and my son together. Oh, I? A kid? You have a kid? Yeah. Holds your kid. He's about to turn four here in September. Where's mother? That's partially why I'm in this mess that you have in front of you.

She's not in the picture with me anymore. Well, how's that a part of the... Well, okay, what's the part of the mess then? What are we dealing with? What's the mess? Well, we were together for about five years and then decided to buy a house together. before we had gotten married. You were together for five years,

so marriage looks on the horizon, listen, it's not necessarily what I'd advise, but I at least understand it. Okay. It was 100% on the horizon, and in my mind, it was probably going to happen within a year after purchasing the house.

Well, I mean, you're able to propose whenever you want, big guy. Yeah. Gonna let you in on a secret there. Yeah, I know. To be honest, we had fought for a majority of the relationship back and forth

and didn't really get along all that well. What? Why were you together for five years then? Why'd you get a house with someone you're fighting? What were you guys fighting about? Just stupid. We just did not get along. We didn't feel compatible at the time.

But you stayed together for five years? We had a kid, man. Like, it's different. Oh, yeah. How long into the relationship did you guys have a kid? So the kid's four right now, and it was, he was born in 21. So we were. How long were you guys together at that point?

Because I don't know when you guys split. We were together for like three years, then had the kid. So we were together for three years and why didn't you have like that? that to get a kid. Well, she got the birth control taken out and low and I told me. No, she told me. Oh, then why? Okay, why are you setting it up like that?

Well, because that's the way it happened. I wasn't all that surprised that a kid came. She seemed to be somewhat surprised. I said, I'm not sure how. But it just happened, man. Why were you guys together for three years before the kid if you guys were just endlessly fighting and dying and hating each other? It wasn't bad all the time, you know.

That's what you're framing it as? Yeah, it did honestly feel kind of that bad at the time. This guy, okay. Yeah. Yeah. What? She just left, man.

Once we got the house. She decided to just leave. So you got the house. When did you get the house? August the 23. Cool. When did she leave? January of 24.

Four months. Okay, so it wasn't immediately, but I did, I get it. Four months later. Yeah. It was immediately. No. she paid for half of the mortgage for four months and then I left. Okay, and what was the leaving?

Did she just like run away? Was there a storm off? What happened? She told me, she brought it up like in December that she wasn't feeling us anymore. She wasn't feeling it. And this was two months after we bought the house or whatever, a few months after. Yeah. Your kid was like three, two, two.

Yeah, two. and she thought the grass may be greener on the other side, man. She just left. It could be. I don't know. To be honest, she, a couple, few months ago, tried to come back. And? No.

Why? Mother of your kid. This was like a year and a half later. Well, yes. Mother of my kid. That is how time works. That was why I contemplated it for. So why did you turn it down?

Are you struggling to live on your own? I mean, $4,500 a month. I mean, again, for day and not bad, but you went into a house with a dual income household situation. Yeah, so now she said this after my cousin had moved in to the house. So a cousin's a roommate. He pays me, yes. Okay, well, that's fine.

But a cousin, so it's you, your cousin, your kid. Correct, yeah. Okay. So. Cousin also has a daughter who lives there about half the time. What makes this house? It's four bedroom, one and a half bath. Two stories.

Okay. okay so what's going on big guy what are we talking about I probably should have sold the house when she left I it was

we'd already moved in I we paid movers to yeah we paid movers to move us in and I I just stayed she agreed to leave

and I just stayed and said I'd make sure the bills got paid and they did but the credit guards. Why do you sound like you're from Texas, but you live in Ohio? That's what they've asked me. I get that. Put in your address.

What was your purchase price? 241. How much did you put down? We used the down payment assistance loan. So, well, you probably have a little bit of equity in it. Yeah. I don't know. Zill sometimes overdoes it.

It's a little hard to tell, but it's shown about 280. Yeah. And you said it was 240? 241, yeah. I mean, I still owe $241 on it with the down payment assistance loan. It's a horrible rate. We really shouldn't have bought it at that rate. But we got approved.

We were just, oh, we got approved for something. We both had upwards of $10K credit card debt apiece at that point when we bought the house. So, of course, we couldn't have a down payment. So what is going on today? Well, I dug a hole that I couldn't dig myself out of. I finally got a raise to the current salary that I'm at. like two months ago. Okay.

So that's made it a little easier. Now I see the light at the end of the tunnel, but I dug too far down the tunnel, I think. So why aren't you going out of it? Well, that's why I'm here. Because I think I figured out what I should do, or I've done some stuff maybe I shouldn't have done, I took most of my 401K out

with my job. I withdrew it and I took a loan from it last year. Yeah, and by the way, then the producer's some of what's actually going on. You have a kid, you're trying to take care of the kid. Okay, that's great. But then you're just gambling your money. So what the fuck are you trying to...

What is this little sob story? What are you talking about, dude? If you're just going out there gambling all your money, don't fuck around. Don't bullshit at the beginning of the conversation. What is going on? You're gambling. You're gambling.

You're blowing all your money digging in the whole fuck your hole. You're gambling away. I win sometimes. Yeah, everyone wins sometimes. It's like one of the only things I like to do. Gambling and playing golf. Yeah, how about take care of your kid would be something nice to do? And I do that religiously during the time that I have him.

And then I religiously, then why are you struggling so much? If it's religious, you do it's for him. Everything you do, gambling. Golf. That's without him. Endless Xbox. Golf is with him. also.

What's a 40-year-old? Yeah. Yeah. How often are you gambling? How often are you gambling? Depends on if you're talking about gambling with golf or gambling at the casino or gambling playing poker. It just depends.

That's probably three, four times a month. What? Wait. You came to Austin early just to play at the Lodge. Yeah. The fuck even is that? It's the card club here in Austin. Buddy, what is one?

wrong with you? I've watched them for a couple years. I love the show. Watched them? Yeah, they have a live stream. They have a live stream. Oh, good. Were you in it? No, I was not in the live stream. Well, then what the, what was the point? Well, at the time, I did think there was

going to be a live stream that day, but... So we know it hits your account, and it's correct, it was 4,465, so 4,500, great, what did you spend last month, religiously taking care of your child? Gambling your life away, honestly. I'm going to say, $4,500.

That's great. It was $6,477. So what the fuck are you talking about? How are you taking care of your kid? That's not taking care of your kid. This hole, this magical hole that you're talking about, that's going deeper, going through the center of the earth at that point. That's not trying.

What are you talking about all you care about and think about and try to do is take care of him? And that's during when I have him, man. It's my hobbies. Hobbies golf and gambling. So we don't have anything in the, court for split custody, but we do basically do 50-50 all the time. Then what the fuck is your problem? You only have him for half the time. I probably buy too many things for him. Pools, toys.

Pools? I got a small pool for him this summer. I doubt that's why you spent $2,000 more in a monthly basis. It's not the full reason. I spend stuff on food. I mean, can't you tell, fellow wide body. Let's not compare from this scale. Oh, man. Yeah, it's... Yeah, your food spending alone was nearly $600. Mm. 600?

More like yum. Yeah, yum. Oh, that was miscellaneous bullshit. Going out to you was closer to three. Three? Okay. Well, that's not bad. Well, it's bad when you're spending more than you make

and you can barely afford to keep the house over your head. I mean, you have a cousin living there with their kid in order to help. You can't take care of the own place. And you admit it, self-admitted. you should have sold it already. I should have sold it, right. But we were going to, we would have to pay, we would have to pay thousands of dollars to just sell.

You're paying thousands of dollars. I know. And now in retrospect, maybe I should have sold it. But I liked it. I kept it now at this point. I feel more at home now. I want to get her, her names all in the house. Her name's still on the house.

Okay, what's your relationship today? It's only. I mean, she just came back to get together. It only has to do with my son. So actually after she had asked about getting back together and moving back in, like a month later, she had a new boyfriend. And then now, four months later, is moving in with him. Yeah. Yeah. Ohio's a freaky place. I get it.

Yeah. Okay. But you guys are amicable? We're amicable. So to get her off the house, okay. What calls have we gotten to the bank? What ideas of refinancing are we? I've called the bank.

7-875. Yeah. I mean, if you refinance today, if the bank would even let you, I don't know, you have a lot of bad debt. That's the issue. Well, no shit. Got 41,000 hours of bad debt. Then you have 242,000 hours of other debt. Only 229 of it being the mortgage.

So you got federal student loans. You got Chase Slate Edge and Bank of America, too, which are probably a lower zero percent inches for the moment. Yeah, instead of paying those off early, we go to the lodge early in Austin. Yes. And gamble because it has a stream. I spent like 10 hours there the other day. the fuck is you have a child to take care of and you're he's with his mother right now i don't have to take care of him part of it is finances your finances affect him what college are you paying for you

already have student loan so i know i know for sure you're not paying for his college maybe not right the second but once i'm out of this bad debt how do you get out of this bad debt for 10 hours at a gambling table buddy we're filming here on a tuesday you know clara been here monday you came in over the weekend of gamble. And I'll probably be there after this conversation. I'm sure you will because why have any kind of growth whatsoever. How much are we putting in Austin? I got a check. Austin, notorious gambling town. What is the amount that you're spending on gambling? Would you even know? I, you didn't even know that you spent more than you brought in. I bought in the other day for $250 bucks twice and lost. So $500 the other night? Yeah, just the other night. I'm talking about just

ongoing basis. Yeah, yeah. Living life. I would say I'm losing at least five, six hundred a month, bro. What is what wrong with you, buddy? You already spent 2,000 more than you bring in. Five to 600 is a substantial cut of that. I know.

I know. You know, yet you do nothing. You're a father. It's something I like to do. You like to do or you're addicted. Not addicted. I think if I wanted to, I could slow down and quit. And you don't want to.

I don't really want to all that much. Really, even though you literally cannot afford it and your kid does not have a college phone and your retirement's a joke and you have a really bad dad. You can't even get out of your own damn house. And you want to? It's our priority. That's our priority. I just said you want to get out of it.

I don't want to get out of it now. You just said you want to get out of it now. That's not true. You have an equity position. You've dumped it. I want to get it refining. You have an equity position. After fees and commissions, yeah, you might bring it.

So you're saying get out of the house. I don't know. I don't know what the, what's your mortgage payment? 2082. Well, that's half your income. So, yeah, let's get out of the house. Well, if you add the $800, is it half the house? income. I know. What?

The 800 I get from the cousin. Yeah, and that's only 800? Yeah. And that helps, but does cousin want to live with cousin forever? Does he want to stay there forever? I'm sure, probably not, no. Yeah, and you already have a substantial income. Yes, I hope it goes up, but you already have a substantial income and you can afford this mortgage on your own.

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And with your credit score, I highly doubt you'd get much better of a rate. So I don't know what you're talking about unless you're getting like a wild 40 year mortgage. No, no, no. Why does it matter? You're going to make it past the 30-year mortgage anyway? No, no, no, that's not even a joke. I'm down 10 pounds. That's good, but I do React content and we just watch this.

Well, this isn't fat and fatter. This is financial audits. No, for this one, it would be fat and fatter and fattest. Who's fat and who's fatter on the show there? You? Who is in your other show, fat. Again, it would be fat, fatter and fattest. That's not the point.

that's not the point. People, you know, the community and I, if we've been doing the live streams, we dove a lot into health statistics and a lot of stuff. And content creators that are in like the morbidly obese world, which are in the morbidly obese world. I'm barely in the obese world. Almost out of it. But either way, yeah, they die in their 30s and 40s.

You want to be around for the fucking kid. I was thinking more 60s. Your body isn't. Your heart isn't. Well, our reason. aren't? I've been getting In that part, I will, yes, 10 pounds of good. Ten pounds are for what? A month

since I've started. That's good. Mostly water rate, but that is good. Keep going. Yeah. Okay. That's fair enough. So, what have you done to try to get out of the hole then? If our entire thing, if you, it's 170 calories right there. Liquid, you're drinking liquid calories. What's even the point at that point? Big guy. Forty-six grams of sugar too,

but I got a water here too. And you're drinking the 170 calorie amount of do instead. That's my favorite. What? That's great. I want you to live for your kid. But that's why I was saying a 30, 40 year mortgage doesn't really matter because I don't think you're going to be there. I drank a 0% monster or zero sugar monster right. I don't care. You're drinking that right now. It doesn't matter. So what have you done to try to get out of this hole? If you're acknowledging you're in a hole, what have you done?

I mean, told you hired a financial advisor. I withdrew all I could from my 401K. That's digging out of a hole? I had over 30K. Justin credit cards and now I'm down to like 20k. So you pay 10% penalty and then you're taxed at your tax rate and you're not in an insufficient tax rate by any means. So you paid essentially what, maybe like 20% overall.

So it was like a 20% interest rate on your 401k that you essentially were charged, lost. Yeah. And then put that towards your debt. Hopefully your debt was like 30% that you put it towards. It doesn't even matter because your debt is still 41,875. How much did you have in retirement? I currently have had. Had.

Had like 30? You pulled out. I pulled out 10 something, but you... When? Like less than two months ago. Oh, for sake, without changing any behavior, we just thought you spent $10,000 more than you made. 2000.

You may be that. Maybe those numbers include me paying off more on the credit card. I don't think so. Typically not. Not that I see. But maybe, we'll see. No, it wasn't. Debt payments totaled about $1,000.

Oh. Not net, though, because we know that shit ain't net at the end. That is what you put in before you spent any money. So, again, I have a note that you hired a financial advisor. Yeah. What happens? Because you're a mess. He, you're literally gambling all your money away.

He suggested that I pull out, because pull out a lot of money, pull out my 401k. Mathematically, he didn't see your behavior. And if you just, it doesn't work if you don't change your behavior because then any debt you pay off, you're just going to build back up. If you don't fix your behavior first. And that's, that's bad financial advisor. Part of these credit cards. I balanced transferred and then just racked up

the other the credit card again. Yeah, people want to jerk off out there. Caleb doesn't even have a financial advisor license. Yeah, well look what a financial advisor

just told them to do and look how it turned out. I still have 15 something in the retirement account. Yeah, that's half. Yeah. Don't need a certification CPA for that one.

Yeah. CFA or any of them. I thought it was a good idea because I, we did all the numbers. We calculated how much all the bills were. Yes, it goes towards debt, but without changing behavior,

debt goes up and debt went back up again. You just said this. So what the fuck you're talking about? Why are you still trying to go on about that? We just went about that, dude. By the way, I also have in the gambling world that you don't keep track of losses, so I don't even believe you

when you save five to six hundred hours a month because you told Colton, the producer, that you do not keep track of losses. No. So you wouldn't even know. But overall lifetime, I've made me only down a couple thousand. You wouldn't know if you, the guy who doesn't track losses is trying to tell me what he's down. What the fuck are you talking about?

You've been gambling since forever, right? Again, I honestly wouldn't care as much if you want a father. It's what I like to do when I have the time. There's a lot of things I like to do. Doesn't mean I'd go do them. I'm sure I would love it if I did it. It doesn't mean I'd do it. The idea is that I win and that I can pay off some of these cards.

Okay, that idea has completely failed. So shut the fuck up. Did your financial advisor tell you to do that? Do you know the gambling doesn't come up with the financial advisor? Gambling didn't come up and talking about your finances to a financial advisor. No. Okay. Why would I bring that up to him?

He didn't ask about it. Substantial amount of your money going out. Okay, so how much did you pay the financial advisor? I have life insurance through the financial advisor. so for a meeting with him, I don't technically pay him for that. What does this is actively managed fees for your life insurance? Yeah, I actually don't know. I have no idea.

I have zero clue how much I'm paying. I know how much the bill is for the life insurance, but I don't know. And what's that? Like $86, locked in before I was the fattest. You used to not be fat? I mean, first year of college was my lowest. I've since gained about 70 pounds. 70?

Yeah. It's a lot. Yeah. So I guess 80, but I'm down 10. But, yeah, it's tough. Let's talk about student loans. I know it's something we all avoid talking about. But if your private stolen loans are crushing you,

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Break free from the high-interest trap and get your finances under control once and for all. no shit. He didn't care about giving you adequate advice on your life with him barely making much, honestly. I think the main issue was that I wasn't making what I'm making now and I had the house the entire time, didn't have a roommate either at the time. I just spent on the cards the entire time. What is this? Why do I have this note? They're giving me this note. He thinks Vegas will fix his life. What the fucks that even mean? That sounds like the literal villain to your entire story. I may... What are you talking about?

I may or may not be going to Vegas in September. Why, that's like the worst city you could pick for you. Have you been? No, I've never been to Vegas. Oh, no. I've never been. And it's going to be great. No, buddy, are you not on this show to fix your shit?

I am. Now, what the fuck is wrong with you? You know Vegas is bad. I wasn't going to go. My grandma, sister, mom... Grandma? She wanted to go. She'd never been.

She wanted to go. and it's like our last family vacation ever type thing. What? I bought the plane ticket like yesterday. Are they all dead? Dying? Well, she's older. How old?

Like almost 80. Okay. People have 90s. People make it 200. I don't know. That seems why ruin your life? They're paying to a hotel. I paid for the ticket.

You couldn't have advocated for something different? She wanted to go see some show. I'm not even going to the show. Yeah. Yeah, you're going to be at the casino. Yes. I will. At the poker table.

Poker, it's not, it's different than slots. Poker is more of a skill game. Guy, you've lost like everything. I haven't always lost. No, but net, you have. And you do not keep track so you cannot tell me otherwise. Yeah. And if you tell me you can quit if you actually wanted to,

then don't, then when you go to Vegas, like yourself in the room and go to the shows and go to the buffets, that's it. I, I, I, if you can stop anytime you wanted to, I'm telling you to do that. Go to Vegas and don't go to the poker table. Correct. For someone like you,

that in Austin, a non-gambling city, you lost $500. That's no way that I'm going to do that. That's $500 in Austin, a non-gambling city. I don't want to lie to you. I don't want to lie to you. The day before you came on financial audit. Yeah. But it was one of the only things that I like to do here in Austin.

And it was like the main thing. No, you also like to eat and we have a lot of Texas barbecue. And I went to Terry Blacks yesterday. Well, you went to the worst one. Congratulations. What's the best one? Literally every other barbecue restaurant that is a tourist trap. Well, tell me, I'm sure you know.

Yes, myth away. Myth away. La barbecue. La barbecue? Okay. Thanks. I might be there after this. Better than gambling.

But, dude, that's not what we're talking about here. So you had to buy the, what tickets? What tickets you had to buy? A plane tickets? I bought the plane ticket. How much? Like 600. Good death, dude.

Again, you sent $2,000 money to your brother. You have a child. They do not have a... You drained your retirement in half your dramatic. behind now. I mean, dramatically, I don't know. You actually, you were pretty damn on track with 30. I know.

You were on track and that's gone and then you built your debt right back up again. This financial advisor needs to get never hired, ever. It's been tough. I will have to say. It's been tough. Yeah. Buddy, this is self-inflicted as ever. I think it's... What is not been self-inflicted here?

I think it's the majority of the baby mama leaving and me not sell my house. Go ahead. Tell me. What went wrong when the baby mama left then. I didn't sell the house and I decided to stay in the house and I made $1,700 $1,700. He has someone that pays rent. I didn't. For how long? He just moved in in March of this year. And so how long was it then? I lasted a year and two months by myself. Why would you allow that?

It was bad. It was still personal choices. Yes, it was bad. And it was personal choices. I said it was like 60% of the baby money. I mean, would it be the best? No, she left. Okay, that sucks, but then you're able to choose what you do next. Yeah. You chose to sit. I did. I just thought it'd be easier. I didn't want, we had just moved in. I had just painted the entire inside of the house myself. I must have taken months. No, it didn't.

It took me a couple weekends to do all the bedrooms, all the downstairs. You know, the weight doesn't mean everything. I'm still active. Don't give that look off the camera. Listen, I don't know. I have concerned from your future. out of the gate with this. The reality is

you just can't stop the gambling struggling and stopping the eating as well. Did you start the Zempic? No, no. So you did? So you're going to diet? I'm not ever going to do that OZMPIC. Are you on the OZMPIC? I wish I could. I can't do needles. You can't do needles. I would be so much further down. Like an EpiPen type thing?

Dude, I would totally do it like this if I could. Really? But I can't. So I'm just... I know some people that have done it, but I always... It doesn't matter. Either way. It doesn't matter. I'm glad you at least lost a few pounds. but even still, like, unhealthy lifestyle for the kid, and the kid also eats all what their parents have. Not only that, but you can't stop gambling.

You spend $2,000 more than you make a month. You're going to Vegas. You're not fixing anything. I'm immediately concerned going in, going into this conversation. Anything else I need to know before I go into these numbers? No, I think we're good. All right. Then what do you think your financial score is zero to 10,

zero being the worst, 10 being the best? 2.5. Okay. If you want your financial score, take the assessment at Caleb Pammer.com or dollarwise.com. It's free. Check it out. You'll see where you stand. And if you don't want to be like a guest on this show, make sure you download the dollar-wise budgeting app.

Take the free trial. Sign up for the annual version. If you want to save a lot of money and also get my budget-friendly cookbook, signed by me, mailed directly to you. Sign up for Dollar-Wise Central if you want all of our educational products and the premium version of the app bundled together for 80% off DollarWise.com. Let's get into this. Okay. Okay.

What am I going to see? Oh, immediately spending. Who would have thought? What card? Discover it. So what's going on with this? I've had to discover it the longest. I got that in college,

spent on it through college. Eventually got a new card, transferred some of the balance, and then honestly I think... You transferred some of this balance away? Correct, yeah. Buddy, it's border... If it wasn't for that a little bit of money,

that came in because of that, this was maxed out. So your balance transferred, this was maxed out. And then you immediately do the same fucking thing without changing your behavior. This is going right to max again. And I already see spending on here. I'm going to blame it on the ex-baby mama for... Hold on. That was like two years ago at this point. What are you talking about?

It wasn't two years. It's been a year and a half. Okay, it's been a year and a half ago. How can you blame this on baby mama? I spent on the card all throughout the time that I had the house. No, no, no, no, no. We're talking about the fact that you pulled out of retirement. put, well, no, no, you did the transfer. You transferred away some balance, built it all the way to max again,

and now you put a little bit of your retirement towards it, but you're already starting to spend and you're going to put it to the max. How can you blame baby mama on that, dude? The plan is now to start being more financially. Oh, that's the plan. Yeah. Great, which is why he's going to Vegas. What the fuck are you talking about?

You don't have a plan. You're just winging it and having fun, dude. You don't care. You love your kid, but you don't, you're not put. putting in the actions that are required for our financially responsible parent. It's a $200 minimum payment, which is chunky. Add that to your mortgage. The cousin ever wants to leave.

Why did the cousin move in? Ladies and gentlemen, a financial audit. This is one of the most exciting moments in this channel's history. You know I've been working on building all these educational tools or budgeting that, all this crazy stuff over this past year, because that is where my passion is. We finally did it, and now we put it all into one program called Dibu. dollar wise central. You get the premium version of my budgeting app.

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Let's f*** go. Him and his girlfriend slash baby mama of five years also broke up. Fucking Ohio. Okay. Yeah. Same exact situation. Is he just get it on his feet or does he have long-term plans to stay there? Right now, the long-term plans we've talked about is kind of for him just to stay there with...

What's long-term to you guys? Right. Like, there is not been a real timeline. A long-term lifespan for you is about five years. There has been some discussion, but no real timeline discussed. I just told him to make sure he gives me a little bit of time before. I tried to tell him, like, if you're going to leave, like, give me a couple months so I can try to figure out my...

Okay. And if he leaves, maybe that does mean I need to sell that house. In your guys' conversations, what have we... What's the vibe we got? In a year, two years, five years, six months? In my, I think maybe another year at least. Okay, so what do you... So, I mean, your mortgage payment is honestly not going to really change much.

Unless we have massive interest rate cuts. But even still, your debt-to-income situation, I don't even know. You're hoping for those. Everyone's hoping for those. Yeah. I don't know. It's waiting and see right now. That's what I've been doing.

Doesn't matter. You're waiting. And now this is where I am after waiting. Your debt. The income situation's rough. I don't even know if you'd have a good refinance anyway. I wouldn't. That's, I need to refinance it. But I needed to get the debt under control first before refinancing.

And she wants refinance. She wants off the house. But I can't do it right this second. I've talked to the bank. Call her right now. No way. Yes. I'm not calling.

Call her and say what? What do you want me to say? Nothing. I'm talking to her. You're talking to... Call her. Right now. Right now.

What is today? She's working. Call her. Usually I save this for the potion, ladies and gentlemen, but she seems to be a big part of this episode. Lots of excuses. She has no idea about this. Nope. She has no idea.

Come on. She may not want to. Did you call her? No. Call her. I'll get permission. I didn't tell. It's also a one party.

Speaker or what? Yeah. Hello? Hi, I am friend. Can I ask you a couple questions? Just curiosity because I don't have your number. But I and I are going over his financial situation. And this guy has so much debt that honestly I had no idea about this whole time.

But every single time we talk about a debt, he just blames it on you. And I feel like there cannot be the case. I feel like it cannot be the case that all this debt is your fault. I think he's blaming everything on his quote, baby mama. And I wanted to, I just had to confirm it. Trading Eshwab is now powered by Ameritrade, bringing you an expanding library of education with even more ways to sharpen your trading skills. Access new online courses, insightful webcasts, articles, engaging videos, and more all curated just for traders. Plus, guided learning paths with content designed to fit your unique interests.

No sifting to find exactly what you need. so you can spend your time learning to trade brilliantly. Learn more at Schwab.com slash trading. Hey, is with you right now? Say hi. Hey, don't read too much into it. He needed somebody to go over his finances and I am, but I'm calling a bullsh-shund on this fact that he's,

my name's Caleb, by the way, nice to meet you. He's just keeps blaming everything on you. He's like, oh, she left a month after we got, the house together, a few months after the house together, and I have to make all the payments, and I had to take up more debt. It's all her fault. No, so that's definitely not the case. He had an option to leave me the house.

Really? She didn't make enough to pay for the mortgage. Do you know why he didn't take that? Probably because he or dog and he wanted to stay there. I was willing to leave in either situation. Happy to stay, happy to go, but I just wanted out of the situation. So to be clear, him blaming you for this is honestly kind of cope from the sound of it. He's coping hard.

Yeah. That sucks. Sorry, go ahead. So when I left the situation, I have been left with literally nothing. I started my life over completely construct. I paid for her bed. I paid the $500 for the bed. It's a bed guy.

Yeah. Come on. A bed isn't that crazy. Yeah. You can't sit there and beg about a bed. You know what he does? He gambles away enough money to pay for a bed every month. Wow.

That's one thing I'm starting to call out. And the thing that's worrying me as a friend personally is, and you know, maybe have some insight into this. he is or trying to have this conversation and get his finances under control because, you know, this is what I do for fun.

I make budgets. I'm a nerd. He's literally taking a gambling trip to Vegas with his family in a couple months. He's going to blow thousands. When he's already spending

2,000 hours more a month than he makes. Yeah, that trip is supposed to be paid for with my understanding. Well, he bought the tickets, but I don't think the game gambling's paid for. No. I don't know.

I'm concerned. I'm concerned. And the fact that he immediately deflected to you is drawing kind of major red flags to me. And I just had to go to the source. It doesn't feel right. No, it's definitely not all my fault. But I will say that me leaving the way that it did, I think it caused stress on him. Oh, sure.

So I won't. I won't completely. say it's not, but he also had the option for it to go either way. So it's not just my fault. Okay. Well, thanks for taking the time. I'll let you get back to your day. Okay.

It's a little bit of bullshit. You weren't forced to keep the house. You get a giving it back. Can you believe... She wouldn't have been able to afford it. She made less than I did. She wouldn't have been able to, but... She wouldn't have been able to afford it.

It's in my name. I did not feel comfortable. You were barely able to afford it. I did not feel comfortable with her being in charge. of paying all the house's bills. And she says she left with nothing and your brag was I got her a bed. I had to pay for a bed. Don't let her say she got nothing.

She took whatever the fuck she wanted to take, you know. We didn't have that many big things worth taking. All I'm saying, it wasn't all her fault. And all you're doing this entire conversation is deflecting under her. So we paid for a nice bed together and I paid the majority of the price. She was trying to take the bed. Is she going to see this? I have no idea.

If she knows about the show or not. She definitely has no idea. We go far and wide, buddy. Just like your tits. Shut the fuck. Oh, God. You're not far removed, are you? Oh, we're very different, but I'm substantial.

Very is a strong word in your case. Have you looked that close? Have you looked in the mirror? Okay, everyone's given a heavy head shake, no. I know I'm that big, but... Hold on how much you weigh? You're their boss. How much do you weigh?

I'm also, I'm friendly. How much do you weigh? 320. You're over 100 pounds of, How tall are you? You're 220? No, I don't look that. I'm 214.

Oh, you look about 270. I'm confused. How much do you weigh? Or how tall are you? 511. Okay, you are two inches. You got two inches on me. All right.

I'm your average American male. 5-9. Okay. Yeah, I, you know, I'm trying. Golf helps with the activity. I have a gym membership. All the flipping the cards.

That's really helping. Okay. Would you live? What did you spend on? What did you spend on? And this is Discover it. And let's not say the baby mama. Bullsh-

Food. Microsoft Ultimate and Microsoft, two Microsoft Ultimates? Two! It's just because it lines up differently with the time frame. Wait, why do you need two? What's the fuck you're talking about?

It just lines up to where one came out and then a month later the other one came out. I see. Okay. So, I mean, I put the couch on there. Why is this? why is this on a card that you cannot pay off that you had to use your retirement

to put a payment towards that you had to balance transfer and then built it all the way back up again? Why the fuck would we have a fun subscription on here? Well, that's... It is fun. My Xbox. I know it's your Xbox.

I know it's how I have all the stuff. My games. It's on a credit card that it's a green interest that you cannot pay off that you max out multiple times. It's like an auto payment thing. It's just... Exactly why on a credit card though?

Do you not understand my question? I guess not. No, I'm asking you... Why is it on a credit card or not your debit card? You fuck. Auto pay on the credit card. At the time when I set that up, who knows how long ago. Why are you switching it to a debit card?

I used to be very close to zero in the checking account up until this most recent raise. Most recent raise. So I never changed it. You pulling money from retirement, let's be honest. Yeah. Yeah. In the couch, I needed a new couch because you have maxed out of credit card that you have balance transfer and everything.

Raise is not what helps you. Raises equals lifestyle inflation for you. Yeah. Yeah. It's, I saw the light at the end of the tunnel with the raise, but I'm starting to not see it.

But I'm going to keep the Microsoft ultimate. It's my Xbox Live. I didn't even say not to. Okay. When we budget at the end, maybe you have the room. I've been giving subscription money.

You're putting it on a credit card that is a accruing interest that you've attempted to pay off twice, that you continue to max out, that you're unable to pay all. adequately. It's where it is. Yeah, I have. I have. Buddy, $1,138 has been taken from you in your child's future this year alone on one credit card. Which year?

We're halfway through the year. This is going to be a $1,100. $1,100. Yeah, this is going to be a $2,500 taken away from your $90, $2,500 on one card alone within this year is going to be taken away. That's why I'm here. I want to figure out a way out. I want to figure out a way out. That's not an adequate response. I want to figure it out.

Okay, don't go to gamble. Don't go to Austin early before you come on the show and order to gamble. Don't go gamble right after this before you leave. Don't go to Vegas and gamble. Hey, I figured it out, you f***. Are you serious? And what is this?

What is this new couch? You keep bringing up this new couch. I don't give a fuck about a new couch. What? Are you bragging about a new couch? No, I got it. That's 1100 of it. When?

Less than a year ago. Why? Why did you need a new couch? The other one gave out? The other one was scratched up from the dog and the arm was broken from me and the kid messing around. So this one will have the same fate? Well, it hasn't yet. It is a little scratched up, to be honest.

Well, so it's on its way. Yeah. Yeah, it might be. But it's a nicer couch. You got a poker table for your own house? Yeah. I bought a poker table also. No!

How often is that used? How often possibly is that used? Uh, we were using it about once a month But then Yeah Now it's even lower Now it's lower Because who's we

All the buddies man We had And why is it lower Once a month isn't much It's just been hard to get all the guys together One one time And the whole thing Because you guys probably play with real money, right?

Of course Why would we play with fake money This ain't a monopoly Because you don't have It's less It's lower stakes than like the casino or like a card room or anything. I know, but it's continuing your habit.

It's at least 150 I'm putting up risking for the home games. That's substantial still. When we're struggling, $150 pays for most of this minimum monthly payment alone. Makes this go down almost double the speed instead of paying $2,500 in interest this year, which is what you're going to do. That is sickening. I'm being told the reason that you don't have to worry about playing with them all the times because you don't have to worry about playing with them all the time because you know at the casino every single weekend.

It's what I like to do, either golf or gamble, man, but when I don't have the kids Saturday and Sunday night. You actual creature. You actual creature. I know what's what you like to do. I never said this isn't what you like to do. That is not, that is that, that is not a justification. If I was popping zanis, I would like that. That doesn't mean it is good just because I like it.

I do it without the zanis. I do it. Just, just me. Oh, he's, um, you don't understand what I'm saying. Not just because you like something doesn't mean it's. Good, and then she should continue doing it. I like to do it. Poker's a skill game.

Poker's not just regular game. Well, then your skill stocks are you've lost more money than you've made. Summer was fun, maybe too much fun. If your credit card statements look like a list of poor decisions, flights, festivals, and enough iced coffee to hydrate a small town, same here. So let's get a win on the board. Today's sponsor, Helium Mobile, is offering a phone plan that's completely free. It's called the Zero Plan.

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So while you recover from your summer spending hangover, maybe ditch the overpriced phone plan too. Switch to Helium Mobile and start getting rewarded just for existing. Let's get back to the video. Maybe recently, yes, that is. You said net overall you're down a few thousand, which means, by the way, probably multiple tens of thousands, probably multiple tens of tens. No, no, no. Absolutely.

If someone who is not willing to give up is down according to them who doesn't track multiple thousands, then it's multiple tens of thousands. It's not multiple tens of thousands. Absolutely. 100% it's not that. How would you know? I can guess. I can estimate. No, you can't.

You couldn't even estimate how much you spent last month. Yeah, I couldn't. Well, that was 15 off, wasn't I? 1,500, 2,000 off. Uh-huh. Poker is a skill game, though. To win, you need to... I'll get you a course career certification

and a skill that actually matters. I don't need any course career certifications. Well, you're going to get one anyway. Gifted to the ex-almost wafy. Or the four-year-old. All right. Better than gambling. And if you want to gamble whether or not I'll yell it,

you go to Calebhammer.com slash apply and you can sit right across from me like this guy. Just don't come here early in gamble. Lodcar Club. No, no, no. Choking? No, I was laughing. Mm-hmm.

How ugly you are. Oh, fuck. What was that? Oh, shit. Oh, yeah, I'll swig that. 200 calories. 170? Freedom Flex.

Hey, at least I have a woman in my life. What? For like two months? No, seven. Seven? Oh. Congratulations. This one.

This one. Oh, yeah. Yeah. Congratulations. Thank you. glad someone found you. Attractive. Pretty funny.

$5,115.25. With a minimum monthly payment of $195 on the Freedom Flex. What is going on with this one? Probably a lot of the golfing goes on that card. Okay. So again, if it's something you like to do, if you can't afford it, it doesn't make sense. Again, your kid doesn't have a college fund.

You don't have a retirement. What are we doing? I have some retired. Come on, you drained half of it. You were legitimately a 10 out of 10 on the retirement scale. What am I? For your age? Probably four or five, depending.

We'll have to see it at the end and calculate, well, with where your income skill is, halfway to 30. Unfortunately, the raise actually kind of ruins your math a little and goes against you. I just got the raise. Well, even still, you're probably two or three out of ten because you're not halfway to where you need to be. We want you to be at $90,000 in retirement by 30. Really?

You're at 25. But you're on track. to potentially getting there. Like, no, you wouldn't have been in 10 out of 10, maybe 7 or 8, but you're like at 2 now, 2 or 3. So yes, if you can't afford golf and you're putting it on a credit card that cannot be paid off that is a crew in interest, reminder, last month alone on the previous card, 1,500, essentially, or the year.

The golf, though, is just during, like, the 6 to 7, 8 months middle of the year. So, like, it doesn't all, and the golf expenses aren't always happening, but it's how I stay active. Like, it's how I go out sweat. Go to a gym. You have a dog. Take it on a walk. I have a gym membership.

You have a child play. Run football. Baseball. Basketball. All the balls. You look like a ball. Play the ball games. Listen.

Golf is a ball game, but we'll go past that. It is a ball game. It's a ball game you cannot afford. Tennis is one of the highest entry, highest cost of entry sports that exists. If not the, right? If not the highest.

It's probably the highest. I have spent some money on the cards. Even if you're renting clubs, it's substantial. I think I bought like a new club or two on that. Of course you did. So again, if you have a gym membership on this credit card that you don't even go to, okay, then it's not even that. And again, I'm okay with the gym membership.

We put that in the budget. Go, first of all, too. Is that a credit card? It's just to auto pay. It's been on that credit card for like three years, I think. Or however long the card's been opened, been on there. Three years is not going to determine you.

Ambition comes in all shapes and sizes. At First Citizens Bank, we roll with your goals because we're built for what you're building. Fit for your ambition for Citizens Bank. Okay. No, it's never, I haven't not gone in three years. I went here and there, you know, during that time. And I was more consistent a couple years back, but then I got locked in to paying it at a higher rate, they, without it, without no

I signed three years. Can you cancel you for? No, I signed one of those three year ones. I couldn't. I didn't realize it when we first did it. Now answer me one question. You're driving around on a cart or you're walking the course? I'm driving a cart. 100%. Yeah.

And I'll still sweat my ass off playing. It's because you're fat. Yeah. And that's why I get out and I can do golf to be less fat. I've lost 10 pounds this month. I've golf probably five times. I've golf probably five times this month. What time?

What, yeah, five times at least this month. Great. That you cannot afford. You spent 2,000 hours more than you made. That doesn't make sense. That does not justify it. Again, liking it does not justify. You're in the most extensive sport.

You'll play tennis. Cheaper, a lot more activity. You will personally... Tennis sucks. Tennis is great. You play tennis? Yeah. Tennis is fun.

I can just imagine you playing tennis and rolling around the court. Oh, there it is. Okay. I was wondering what you were imagining. Okay. Yeah. Yeah.

So, $60 a game plus you're getting, you know, new clubs here and there. Yeah. You're not making deals out on the tennis court? I am not making deals on the tennis court. We make the deals on the golf course where we gamble who wins. Okay. But you're not making business deals out there. So we can't even advocate for that.

You're not networking your government worker that looks through contracts. Come on. this isn't okay whatever you spent $150 on here again uh it was maxed out until you took from the retirement phone but it doesn't even matter because you immediately are already starting to replenish it by purchasing on here yeah yeah i don't feel very bad about the golf the gambling is different okay so you don't give a fuck about your kid's future then because that's all this i do give a fuck about the kids future and why aren't you willing to cut back on things you like for them i can cut back on some things you're not and the golf is it doesn't you have it season is about to end here in a couple months. Yeah, a few months. More extended than a couple. Listen. November maybe.

Here's the thing. Here's the reality. You say you can cut back in golf. You say you can cut back in gambling, yet you choose not to. And you pull from retirement and you don't have a college savings funds for your kid. You don't have anything. You're struggling to pay the mortgage. If it wasn't for the cousin moving in, that your kid has as a roof over their head.

I would have figured something else out. I don't think so. This is selfish behavior. I think I would have. I think I would have. What would you have done, Guy? I would have, if it came down to it, would have had to sell the house and find an apartment,

even if it is without a yard for the dog. I wanted to stay. A house, though, isn't as quick as that. No, it's not, but I live in a good area to where it would sell someone. It doesn't matter. I live in a good area, too. Houses don't just fly. And this isn't 2021.

I understand. Houses are, I think, like, average on the market now is 30 days, which is still relatively low, but it is up higher than it was. I live in a nice area, so. Doesn't matter. Sometimes nice areas mean more expensive houses, which means less of a buyer pool. All right, Caleb. All right.

Okay. Listen, what did you purchase on? How long do you think the stakes to pay off if you do not make any purchases and you only do minimum payment, which you're incapable of either of those? Ten years. Okay, 16. So your kid will be out of the house, no money. you will have borderline no retirement.

Well, I'm going to pay more than the minimum monthly payment. The only reason you did is because you pulled from retirement. So that's no. The idea is to start now paying because it doesn't matter. You're already putting money on it. You put as much money on it as the minimum monthly payment costs already. So you're completely negating the whole point. Even if you put more than the minimum, as long as you're purchasing on it,

you're not getting anywhere. Yeah. Disney Plus, security, and then the gym that we don't use. almost $1,000 this year loan and interest. So $2,500 total. It's going to be by the end of the year, these two cards combined about $4,000. And that's sickening.

I know. Sickening, yet you allow it and do nothing to change that other than pull from retirement, which was compounding on your behalf in the best decade of your life for compound growth. I didn't see another way out. I had such high minimum monthly payments. I had the mortgage.

Another way out is using your strong income. I haven't had this strong income until recently. Yeah, what was your income before? I was making 3,400 a month instead of 45. What was that yearly? 76. You were doing fine. You were above the median household income in the United States.

Shut the fuck up. It was impossible to stay afloat with a $2,082 mortgage and then all the bill is. Yes, but it was your choice to stay in the house for as long as you did. I know. So that's a bullshit excuse. Stay afloat. Stay afloat. It's not a bullshit. I wanted to keep the house because I had everything in there, man.

I was set up. Me, the dog, the kid, I had literally... Yeah, you take that with you. Yes, I had just put together a bed for... Oh my goodness. A bed? You make money. You could have got movers. The movers are low costs. They weren't low cost there. Yeah, but...

I paid like $1,000 for movers. $1,000 one time versus a $2,500 mortgage payment that was hardly going to any sort of equity. that point, what have been worth it? It's still not going to the equity. It's still not. It's going to be a long time until it does. I need to refinance too, so it's going to

restart. Refinance or sell. This refinance dream you have isn't going to solve this whole thing. I don't know what you think refinancing is going to do for you. It's going to get her name off the house to where it's just my problem. But what else is she doing? Is she begging for it to go off the house? She wants her name

off the house. Yes. Yeah. She's ready for that to happen. Your mom just helped you buy a new driver club? driver. She paid half, I paid half. Just like a... What the fuck?

$150 or something. Buddy. She offered, and so I agreed. I paid half, she paid half for my birthday. You can't afford clubs when you're spending more than you make. So now like $500 a month is going to gambling minimum. $500 is going to a month of golf.

So at this point, at this point. I mean, that's already your entire raise. It's just going to those two hobbies that you say you can go back on, but you never do. Yeah, that sounds about right. A thousand bucks a month probably has gone towards that. That's fucking insane. And honestly, I don't even believe that because I bet gambling's even more.

Also, your birthday's in October. I'm being told so golf ends in like November. So she offered a couple months back, or a month or so back. stupid. Okay, what's going on with Bank of America? Again, shocker was maxed out. Then a little bit of retirement came and helped. Doesn't matter. We started spending on it immediately. It will be back to max before we know it. No, it won't. Yes, it will, because that is exactly the behavior that you have done. I'll make a bet that it doesn't. I don't do that.

Okay. So you're no fun. I am no fun. All right. So what's going on with this card? I think that's mainly just used for like food. and what not. Food, work. I go out to eat. Food at work while I'm at work, lunches. Aren't you packing lunch? Well, I have- since recently tried to start doing that. Tried to start doing that means he did not start doing it.

No, it means I bought the lunchbox to start doing it. That's what that try to start means. Dude, what the fuck, man. Sandwiches. Yes. Lunchbox, I'm going to put my fucking sandwich in and eat it for lunch now. It's a good idea.

You're not. I'm just starting. No, you bought the box. And the lunchmeat. That is nothing. You have to actually start doing shit, dude. You are the person that buys the gym equipment never uses it. I think I would use it if I had the gym equipment in my house.

You don't go to the gym you already have, and that you pay for it and that you locked yourself into for literally three years. Yeah, but then they cut the price in half after that three years. $60 a week is what you're paying in your own estimation on lunch going out to eat. $60 a week. Yeah, that's probably about right. Yeah. That's just lunch.

That's what I said. $3,120 a year. Oh. How much less if I packed lunch could I spend? The meats are expensive. $2,000 or less. Yeah, but it stretches further and also you don't need the most expensive. You probably went boogie.

Again, just like the guy who gets to jimmed. Remember coming. It gets the best. Puts, sets it up. Woo, woo, woo, woo. Never gets on it. Or it gets on it for a week. Then gets off. I'm not, I will never buy the bullshit excuse of, I'm fixing it right after this episode.

Shut the fuck up. I see what you're doing right before you came on here. In fact, what did you do right before you came on here? It came down here and gambled. So, no, I'm not, it's not going to be a valid excuse for any kind of pushback you get here. I'll probably gamble after this episode, too. I know. It's my last night in Austin.

It's Austin. What else? Exactly. What else is there to do? Go to the live show. they're on 6th Street every night. What shows tonight? They're on 6th Street every night.

Every bar has a band. Okay. I'm probably still... And it's free to go in. I'm probably still going to go to the car. Well, no, because I don't think you can stop, even though you say you can. You should want to change from this conversation.

That's the entire intent. I could stop. Then why aren't you? Because the entire tent of this conversation is to change your life. Well, I... The plan moving forward is to cut back on some of the gambling. It's always the plan.

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Let's get back to the show. Like, what are you talking about, dude? That's such a bullshit excuse. That's such a bullshit excuse. So you owe right now even a win if I gamble. Yeah, well, you certainly haven't that. in the last decade of your life. $971.18

is owed on here was maxed output retirement towards it but started spending immediately. Minimum monthly payment is $53. Four years to pay this off alone, not even $1,000 and it takes four years to pay off and you'll pay a total of $15. But we know it's going to be higher and it'll be longer

because what do you do every time these balances get paid off because of a push or a pole from somewhere else? Well, they go right back up and that's all you've ever done. I thought about doing another balance transfer card. I'm sure you did. And guess what?

It hasn't worked. So why the f-do you think doing the same thing over and over again is going to lead to something positive here? The idea was to change the behavior a little bit. It's a grand idea. Why haven't you then? Because an idea is great. The action that follows even better. Well.

Well. Do tell. Why? I don't know. You tell me. I'm not going to stop the golfing. The gambling I can maybe cut back some on. Yeah, stop buying new clubs and go to cheaper courses.

Okay. I can do that with the golf. And the gambling I can cut back to maybe once or twice a month. To none. None? To none. Ah. To none.

Maybe not none. Like once a month? Why? I just don't understand. Because that'll just give you... No, because then you'll just fall back into it, buddy. Like maybe... On here immediately the Japanese restaurant.

Dairy farmers, I don't know with that. Hooking Real Cajun. Yeah. Something awesome landing. Petland. Austin landing. That's the dog food, I think. Okay.

Dairy Queen Raising Cains on par entertainment. That's, yeah. Yeah, we know what it is. TSAO's cuisine. Sows, yeah. Sows. This Chinese place. Mm-hmm.

For lunch. Oh, good for lunch. The best Chinese place. Shout out the sows. And Dayton, Ohio's were the best Chinese places. Yeah. 100%. $300 in interest this year so far.

far. That's not bad. Stack it to everything else, buddy. This becomes 600 by year's end. It becomes 600 by years end. Then at that point, what are we at $5,000 at that point? And interest across the few cards. We have three cards. $5,000 gone by year end.

5,000 hours taken away from your 90. And that hurts a bit. It hurts. It just not enough to do anything. Well, I'm willing to cut back a bit. I'm glad you have that sentiment, but again, you've done nothing. So again, I will say you can keep saying that excuse,

that deflection, but it means nothing because you've done nothing. I think I've done a little bit. What? I took out the 401k to pay off. That's not a behavior change. I'm trying to lower the minimum monthly debt payments. Doesn't matter because you're spending on all three cards we've looked at, so far so fuck you. Without

any of the BS spending. Three cards spent on you, three cards spent on you. Three cards that you put your retirement fund to are being spent on. They're small purchase. They are. They're adding up just like before and they will add up to a maxed out credit card. I don't think it'll get maxed out again. Why? Because.

Why do you think that? Maybe. Maybe I'll win one of these poker turtles. Oh, fuck you. I'm going to die, dude. That's the dumbest. Yeah, what a father. Oh, God.

What a father. Chill, chill, chill, chill. It's true. Gabble away your life. That's great. Let's use that as our behavior change to pay off debt. You have a fucking kid. I do.

And maybe one of these times I'll win and be able to pay for the whole entire college fund and more. Okay. That's real head behavior. I'll tell you that. I don't think so. What? When you hear that back,

you don't think that is going to be just a dick head behavior. It brings it back to poker's a skill game. One of these times I'm going to win big, man. I'm telling you. If it was a skills game, then one of these times we're going to win big wouldn't be the sentiment, because that would be a luck-based sentiment.

No, luck, it's not luck. Then you're not going to say one of these times it's going to, if I play enough, one of these times I'm going to win, that wouldn't be a skill-based thing. You're saying that as it's all luck. Your entire worldview and sentiment around it is luck, even though you say skills. More like if the poker gods choose, it's my time.

Okay, so luck. If they choose, it's my time. So luck. No, because you also need to have the skill, understand ranges and whatnot. You don't need to know how to play the game of poker. Who would have thought? But it is still gambling.

Okay, Slate Edge, what's happening here? Well, you didn't put any of the crazy money towards it, but you also didn't spend on it. And it's, well, basically maxed out. So what's going on? Yeah, I couldn't spend on it because it was almost maxed out, most likely. Why is this a $4,000? Um, to be exact, 4,017.49.

I... You don't know why. This is at 4,000. 4,000 is an insane amount of money. That is a substantial amount of money. No matter who you are, $4,000 is an incredible amount of money. I think I put, well, a couple of purchases. I put a TV on that one, I think.

And then that might be partial balance transfer. Oh, for sake. Yeah, yeah. Well, it is 0% right now. I guess that's why I'm not attacking it, but it still takes 15 years to pay off. 15 years to pay off and it'll cost a total of $11,749. This is that to the 4 you on it now.

Ooh. Yeah, a 65 inch TV for the office. That's what you got. Got some Amazon purchases, convenience or purchases, bullsh, bullshit, bullshit, grass seed. Yeah, no, dude.

So the minimum of the payment on here is $40. That way you don't pay off what is necessary in order to pay it off before the interest. Free period ends. It will be at a 28.24% interest rate. Oh, good! Oh. It ended yesterday.

yesterday? No, it didn't. Yeah. You didn't even know this. Guy! Guy! No, I did not. Zachary! This ended yesterday, $4,000. It is at a 28% interest right now. You're lucky there's no deferred interest, right, but that's crazy. It ended yesterday. I didn't even know. When did you think it ended? I thought it ended in like two months. Even still, you wouldn't have paid it off in time anyway, but what the fuck are you doing? I honestly didn't know. I honestly didn't know. when it ended. I didn't keep track of that. Oh, with this balance alone,

I mean, the interest, what is it going to be? Like 1,200 a year? Yeah, pretty damn close. It's going to be, basically 100 bucks a month. 100 bucks a month. Just in the interest. So your new minimums of payment has to be about 120,

so let's put it on to that. Okay. $120 a month, it must be. Okay. Yeah, I mean, Okay, so let's get to the end of the year with that one. Again, now we're probably looking at like $6,500 by year's end, you know, $6,600 or something like that. Then total interest loss.

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Ask your doctor about Evglis and visit abglis.lis.com or call 1-800 LilyRx or 1-800 545-9779. Noah, without the mortgage, without even the mortgage, can have a like a 15, 12, 13% cut from your pay alone. Just on interest. And I feel that. Okay, so here's another card. $49 is your minimumty payment for the Bank of America. I think this one's zero percent For I

Until when God knows how long Exactly No one knows how long I'd be cope laughing too Yeah Yeah 4,959

$559 and 53 cents Was maxed out Put a little bit towards it from retirement That's all gone Doesn't matter anyway Because we're starting to purchase We'll ramp it right back up

17 years to pay this off one The entire childhood of a kid Essentially That's wonderful Oh good You went into whatnot Oh good You went into

whatnot. Oh, good. You got some whatnot. Three times you got some what not. What is a whatnot? It's like a streaming thing where you watch people and buy stuff that they're selling. What? It's not even like TikTok. It's not even, what the fuck is it? It's like you stream. People will sell different things on there that they. So you're literally watching what is it, QVC? No, it's just. No, you're watching modern day QVC. Hey, that, that sounds honestly right. Yeah. That's insane. Why would you go on a platform? If you have a spending problem, don't have enough money worth the, and that, your purpose of the buy for them is you to buy things that people are selling. It was almost like gambling in a way because I got to spin the wheel. What were you getting? Oh no. What are you getting?

I got to spin the wheel to try to win a bigger prize. What were you kidding, though? What were you trying to win? I bought some some Pokemon. Oh, it is gambling. Yeah. I spun the wheel hoping to win the biggest prize. It did you! You never do.

You never do. I didn't. No. sometimes I win. Ends of December, by the way. December, this year? December, this year. Not next year?

Nope. That hurts a little. How do you not know this? I mean, for what you have? I thought it was maybe longer. Yeah, I'm going to give you five months to pay it off, essentially. So this seems to be $992 a month. Or it will not be paid off in time.

Now there's not deferred interest, so I'm not freaking out about that necessarily, compared to your ones that are currently accruing interest. Don't try to touch my feet under the desk. We're not that kind of couple. I don't know, man. When did you balance change for it? Because the fees aren't even this year.

You must have had this for a while. It must. I mean, I think it was like 18 months. Zero interest. So I had to be close to a year ago now. So you pay to watch people open cards and then you... No, the cards got sent to me. I just, I was trying to win.

I got bullshit stuff. No, who would have thought? Yeah. What a joke, dude. What do you think happens? Okay, there's so many more, so much, it just keeps going. I don't even know what this is. It's a loan that is current $5,992.

$61. Is that from the, I took a loan from the 401K before withdrawing the 401K. Buddy, what happens if you get fired? What happens if you lose your job? I know you work for the government. Guess what? What's the sector that's had the largest amount of layoffs this year so far? I'll tell you, government, more than the tech sector, which is head substantial.

I'm talking hundreds of thousands. A quarter million people have been laid off this year from the government. And guess what? Supreme Court just gave Trump the ability to cut pretty much anyone he wants from the Department of Education, which means as they continue down the line, who knows where the fuck they're going? Even the Department of Defense isn't even safe. I don't know what department you work for. You're not going to tell us, and that's fine, and that's okay.

We don't need that. But buddy, what happens if you get, wait, 401K? Same thing. It's the government's version. Yeah. Yeah, if you get laid off, they will call this due. Yeah, that they... I don't know you don't have $6,000.

I don't. You'll pull from your retirement again. $8,500 to pay for the $6. If I had to, yeah, that's what would happen. Yeah, let's go down to $5,000 from the $15 you have left. Well, you can't take out the employer's contributions, so I don't know even if I would have any... I probably have zero to get now. What are we doing, buddy?

I'm glad you just got to raise but no offense when they're going doing the chopping block on the government on the government list I don't think they're really

caring as much about who the A players are 100%. Way too bloated, way too bureaucratic, way too many handshakes and whatnot. I'm more in the nitty-gritty-est stuff

so. I hope so, but guess what, buddy, they're trying to get in there. I know. They're shipping away. Doge is trying to. Yeah, it's not even just that anymore.

It's true. Crazy. Okay. That's what that loan is. It was like $7,500 when I did it. Well, that's your TSP loan, okay. I don't know what rate. It's like three point something, I think.

But it comes out of your, it's a biweekly of $122. So before you pay even hits, by the way, it's like $300. Because it gets taken out before your pay hits. Yeah. I never see it. Ah, fuck, man. I don't see the interest rate either. When you borrow this?

It's less than 4%. You did it before you pulled money. Yeah. When? And what was it for? Last year around Thanksgiving. Or why? They're still making no money,

and that was like the end of me racking up all the credit cards. I had no more money left. I racked up every bit of card I had. And so I was using it to survive until I got the raise. It was hard, but even when you were making money, you had money left over. No, I didn't. Well, not at that time.

No, no, not when he had every card wrecked up. Right, yeah. You're right. Those minimums payments alone would push you over the edge. But before you wrecked up the cards, yes, you could have made it. And you said you didn't have the cards racked up. until after she left,

which means you started racking them up, still continuing the lifestyle you still wanted to have. Listen, a thousand hours left over at the mortgage debt is hard. You could have squeezed it. We could have gone in lean. We could have borderline broken even or just gone slowly into that

because maybe an extra 500, but you wouldn't be where we are a year and a half later now. I didn't change any behavior. I still go off. And why would we? On the sake of our child. Cope, I guess, lost a five-year girlfriend, maybe. I don't know.

I was... Yeah, she walked out of you. It wasn't even a choice. Yeah. It wasn't. Oh, by the way, as soon as he took this out, he took $650 of it to the casino. And I lost it. And you don't think you have a problem.

I don't call it a problem. I think I'm going to win here eventually. I'm willing to cut back on some of the gambling. Some. Which means none. It's an alcoholic saying they're willing to cut back. No, you got to stop. At least I'm not into alcohol, drugs, any of that stuff.

I don't smoke any nicotine devices, anything like that. Makes this okay. It's like my vice, I guess, a little bit. A little bit. Get a better vice, goon. Goon. Go f***ing bitches, you're single. Maybe Austin has been good to me.

I don't know, man. Austin's good. Austin's great. Most people are fit in Austin, I'll be honest. I don't know. I've been around quite a few places. It looks just like every other place in America. You go to the degenerate places.

Austin is one of the healthiest cities in the country, statistically. All this barbecue? People are very active. You went through the degenerate places. Yeah. Yeah. Went from 19,000. Withdraw 10,000.

But deposited 3,474. So left our retirement of 15,000. So stupid. Oh, yeah. Employers 14,000. You is 6,985. Oh. Yeah.

And that's what you borrowed against, 100% essentially. Yeah. Pretty much all that's left is whatever the employer is. put it in. The fact that you allowed life to get like this and then pulled from it when gambling, if that isn't the biggest wake-up call, I don't know what the is. And if you don't see that, that's disgusting. And if you don't see this, which I didn't even know,

is also disgusting. Because guess what? Apparently owe your grandma $5,000. For what? That was a few years back. A few years back for what? It's like the end of 2022. Well, it

COVID happened. We got kicked out of You said. Yeah, I got kicked out of my dorm and then we moved in with an apartment with the girlfriend. 2022 and I know Ohio was not a lockdown state for very long. No, but I didn't have a job until. Why? That's on you. Well, I had.

It was the best job market for employees in the history of ever. I was trying to sell insurance for a little while. That didn't work. So I had like a year of just trying to sell insurance and not doing a great job at it. sake. Yeah. So I just What kind of insurance?

Like life and health insurance. And we're taking health insurance from you. Okay. Yeah. I was hoping. Maybe that's why it didn't work out. Yes.

That's probably why it didn't work out. I feel like I can talk about needing life insurance, right? Yes. And having to pay more for it, most likely. So you had to use it for what? For $5,000 from grand a month. To just straight up survive.

I just used it to pay the bills Funny how many times that's happened in your early adulthood life so far. Yeah. Okay. Do you have a minimum fee payment towards her? How does this go? I've tried to pay her a few times and she's turned down me handing her any money all the times. It's not a gift.

It feels like a gift now. Well, hold on. What was he agreed upon when we had the conversation? We agreed upon it. She said it was a loan. But then I've tried to pay. What have you tried to pay? Like a hundred bucks here and there.

Okay. Well, come on. If she sees you paying $100, she's like, oh, 100's better than zero. I know I'm saying if she sees 100 for the 5,000 she borrowed you, she sees that as you're still struggling. Well, at this point if she let me pay, I tried to pay,

I tried to pay monthly to her 100 starting the first month and then she said no the first month. I don't think you understand what I'm saying. I don't think I do then either. What do you do? When she's seeing her grandson who she lent $5,000 towards only try to give her $100, she sees that, oh, he doesn't have much money because he's not giving me much for

that five. He's probably still struggling So she's bringing out her empathy. When we had set this up, it was like, I can pay you $50 a month. Really was all it was. Okay. And then I tried to pay $100. Hopefully we get to $100 at some point.

You might just have to force it. Because you should pay it back, but it's not a hardcore emergency as we have. There's still more? Okay, what is this good loan of $6,467 and $62 with Christian family credit? union. Credit card debt consolidation loan. Oh, for f***. Consolidation. So you've transferred, you've consolidated,

you've 4-1K loaned, and you've... And I still have this much left. And you've pulled from retirement. Okay, so four times this has happened. You've never changed your behavior. No. Do never try to take a shortcut again. The only way you're going to get out of this is changing your behavior. That's the only way you're going to get it out of this. That's it. There's no

more. Outside of that, there is no more. Oh, for sake. 6,000. $467.62 cents. Minimum monthly payment, $320.29. What's the interest? Nine.

It's insane. Better than a credit card. Sure, but it doesn't matter if you build the credit cards all the way back up again. And oh boy, does he? And it's a good loan. When did you do this? Uh, I honestly don't.

What the fuck is wrong with you? I don't think of that. Dude, you have no ability to do anything. It hasn't been that long. It's been less than a year. You refuse to cut back on anything, especially any of the addictive things. You don't know how much you spent last month.

You don't even know when your debts are. You didn't know that your interest has started accruing yesterday in one of the credit cards. You're a failure. And yet you're a father, and that is horrible. And it is sad because that kid did not consent to come in this world. Sake. What a horrible life.

What a horrible fucking life you've brought upon that child. He's living a pretty good life right now. He can't see the finances. He can't see the finances. He can't see the finance issues. Yes, he's four years old. He will see the stress. He will see that.

Oh, why isn't, why isn't a dad's cousin of my friend living with their dad? What the, like, you know, why, why doesn't happen any worlds? We must, what's going on? That's a reality of. Is my dad his gay cousin? I don't know. Listen, it's weird. No, living with a cousin?

No, just split parents happened a lot more recent. Yes, they do, but it still sucks for your kid. And I agree. I wanted to stay together for that reason. You guys, well, that may not have been the best either, but what would have been the best is you wrap it the fuck up when you know she gets off birth control if you guys had a three-year bad relationship. Wasn't bad the whole time.

Come on, you basically established that it was. Don't try to back. There was a lot of bad to it. This is where I'm at. I'm, okay. Oh, is it? I'm trying to, perhaps. I'm coming here to try to fix it.

Shut the fuck up. Sally Mae, this dumb. I agree, but you're the one who also get it. Got it. I paid mine off. Why haven't you? It's on payments. Yeah, at 13.5% interest.

Yeah. Okay, he owes. Okay, he borrowed 11,583. It's up to 15,000 now. It's because I didn't have to pay on it. Yeah, no shit. And you could still do that, and they will still allow it to go up for a while and punish you more.

$246. And $2.2. That's what you owe. Yeah. On a monthly basis. basis, at a 13.5% interest, unpaid interest in fees. No fees.

Unpaid interest in fees. I thought about trying to figure out a way to refinance it. Yeah, there are some good student loan refinance things. We like Y-ReFi, but... Will that be good for my situation?

The rates are below six for what it's worth, but I think do loans have to be in default for that sort? But with that, loans have to be in default, so... It's a little different. But it is for private, and this is private. Not saying necessarily going to default, but it's, you know, you're on, you're on that, oh my gosh, and then there's federal students. What did you go to school for?

I just, I have a bachelor's and a master's. I asked, what did you go to school for, you moron? I went to school for finance. Okay. Oh, my, and your master's degree, too? Masters is just general MBA. You have an MBA. You have...

To be fair, my job paid for the NBA. Federal student loans, this one's a little less. I have $4,013.11. My job paid off 30 of it over the last three years. $29 minimum fee payment. You're lucky for that. It should be about... 34 if I...

About 50. I'd say about 50. Yeah. You're on income base? I'm not on any... right now because my job just stopped paying for it like a month or so ago so I'm ahead I need to set up. Your job was paying for the student loans? Correct.

They were paying off and I was getting taxed on that money. They were going towards that. So that just ended. So now I have to come up with how I'm going to pay, how much I'm going to pay per month on that amount. And I haven't decided that yet. Oh, 2.7%. I would just do minimum required until it's paid off honestly. The rates is so low, it doesn't make sense to pay it off over any other debt.

How is there still more debt? Okay, this is a mortgage. Here it is. A little bit of an equity position selling it with, we've owed it less than two years, so you still would have to pay capital gains taxes on if you sold it from any profit you make. How many years?

Two years. Two? Yeah. But even still, if you do the full seller and buyer commission, so 6% total, I don't know how much you'd walk away with. That's why I didn't try to do it already when we were first. Even when you refinance, there's still closing costs and whatnot. It's not necessarily a cheap process.

you can save more over a long term, but you still have to come to the table with money. $229,975,086 is owed. I think it's plus the down payment assistance. Yeah, probably. Do I have that in here? It should be. Is this in this or in a different loan?

It should be in that U.S. bank loan. It's all paid in one payment. So it's, I know I owe closer to 240 than $2.30. I know that. It's like plus 10K. Okay, $2,000. 82.91 is your mortgage. I don't see it with the other part.

Insurance is included in that. Yep. I mean, yeah, it's chunky. Down payment resistance, but yeah, maybe you shouldn't get into a house until you can afford to at least put 5% to 10% down. And I know it's hard because housing prices have only gone up. So that is difficult, but look where you are. It f***ed you. I'd rather you not get f*** than have a house, honestly.

967 starting bounds ended with five but this is because we pulled out from the retirement Yeah I did a cash with draw 300 dollars Who knows where the fuck that went Apple Bill

Best Buy Club WPT Gold What is that? Oh for fuck sake golfing It's endless Golfing Dairy Queen Venmo golfing The Club Wendon and getting some BS

Golfing Apple Bill Tokyo Grill McDonald's McDonald's McDonald's Apple Bill twin base golf, golf, McDonald's, Topper Phantom, golf, poker, casino, AT&M and draw a fee.

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What a life for living. All right. Well, buddy, listen, let me budget you and try to figure out a way out of this. But the fact is, if you don't change your gambling and unfortunately even golf habit, like you're not getting out of this. So $4,500 is what hits. Man, it would be about $5,000 if we didn't have that. TSP loan. So debt minimum monthly payments, without all that, is $1,213.30. Yeah, I would also agree.

Substantial. That is 27% of your pay. Okay, mortgage. You say it's 25 because we can include the other one, right? It's 2082 for everything. Oh, okay. Good, good, good. You suggested 25 earlier, but $2,0.082.99. Okay. Oh, WPT is gambling online. I was just going to let you blow past that. You're a degenerate. You're an addict. All those WPTs were gambling.

Utilities, gas, internet, all combined. How much? Utilities, gas, internet. We got 50, 3, roughly 350. Phone bill. Mom pays it. Gas, room, room, drive, drive.

Gas. I'm going to have to say about 160 a month. Car insurance. Mom pays the car insurance. You're a joke. $200 T.P. Fund, you and your kid, groceries 550. Meal prep use a bunch of friendly cookbook,

all that good stuff that you get with the premium version annual dollar-wise or by joint dollar-wise Central. Either or gets you there. Medical health care co-pays anything monthly basis? No. I don't really go to the doctor for anything. How much?

Jim, 16, something. a month. I'll say 17. Let's say subscriptions about, let's call 40 pet insurance. How much? I don't have it. Yeah, pet? Yeah. Just how old and age of Archie? He's five and healthy. He's healthy. Okay, let's call it. Good pet insurance is ranging around 70 bucks these days a month for that covers it with low deductibles and whatnot. Okay. Anything else that needs to be in this budget that I have not calculated? The Gulf. Would you like to die? the golf is something. It's something I'm going to do. If we can put it in there, I'm going to go.

Let's see where we're at. It shouldn't be more important than you're good, but. I can cut back some on the gambling? Well, can you? Because right now it's $4,683.21 cents without golf or gambling and you make $4,500. So fuck you. All right, buddy. Never mind.

So you're not picking up more hours or anything. This isn't anything. What it is, change your behavior for three months. Prove you've actually done it, then declare bankruptcy. That's probably your best way out. Bankruptcy? Yeah. Actually?

You're over your budget. You're working a full-time job. Go pick up a second job, except you're kind of a single dad half the time, so it's going to be hard. Listen, is mom nearby? Yeah. Can watch a kid?

Okay, pick up a second job. She also works a second job. Runs in the family. Okay, well, if you can pick up a second job and figure out a way to do it, you can pay off this debt and the bat. Non-mortgage, non-federal student loans,

would be about... It's got to be like 40K. No, it's more than that, you dumb tit. I'm saying if you bring in an extra of even 500 hours a month, man, and it still takes 100 months to pay off. And you're already under. You have to bring in an extra beyond that, what you need to make up.

And that's eight years, which, again, that's like the length of bankruptcy. So on your credit. It's not great. I don't always recommend it and it's not cheap and it's not unscressful either but I don't know that's just kind of where we are is there anything I can do than not to not declare bankruptcy yes what I just said go work extra a second job if you bring in $500 it still takes eight years to live on frugal without gambling or golf so with gambling or golf you need to

bring in extra $2,000 a month to make any progress whatsoever that's where you are buddy you've this you've done it you've hit that bottom you're there now we're not on the way you hit it. Spending in a budget score, you overspend, zero out of ten debt score. Well, it's borrowed against your 401k. Zero out of ten. Emergency fund, don't have anything in savings. Zero out of ten retirement. It's with the borrowing against it and all this. It's really bad. It's, but now it's just only employee contributions, two out of ten. Real estate, you have a house. You have an equity position. It's not great. You have a double debt on it. It's not amazing. But at least you have an equity position five out of ten. Still a position

to be in regardless. Hammer, financial. the score rounded up 1.5 out of 10. Come joining a Hammer Elite, the best membership on YouTube. Come join us for an extra 20 minutes to this episode, the Financial Auto Post Show, and three shows posted daily. See you guys there. This thing that you do to have fun is ruining you financially. I'm positive now.

I'm going to call bullshit on this. Do you have a sprite shit? You can show me. $3,500 covered every bit of losses I've ever had, and then some. I'm now positive. I want to call your grandma right now. You are starting to pay her back today. Call her.

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