100+ Years Of Insane Debt | Financial Audit

12,000 hours for a French for a third of. a Frenchie. >> How do you get a third of a Frenchie? >> So co-ownership. So. >> what the And that's not what you're. actually going to get. I looked around, [ __ ]. >> Well, you said your mortgage, [ __ ]. >> No, I've never seen this in my life. [screaming]. >> If I did my calculations correctly, and. I believe that I did, you. >> I'm trying to be debtree in the next 12. months. [laughter]. My Black Friday sitewide blowout is. live. You can get 20% off everything in.

the store with code BF20. That is 20%. off courses, [music] merch, and even the. brand new Master Your Money membership. But don't wait too long. This sale ends. at midnight on Friday, December 5th. Happy Black Friday, and enjoy your. savings. >> Hi, I'm James. I'm 26 years old from. Spokane, Washington. And this is. Financial Audit. Washington. I haven't had a Washington. person, I think, in a long time. This is. awesome. Uh not not a cheap state. Spokane, I'm not 100% sure, but thanks.

for coming down. Yeah. >> What do you do there? >> I'm a manager of a retail store. >> Sure. Last time I had a manager of a. retail store, she actually made a lot of. money. So, I hope you're making a lot of. money. Yeah. Better career path than a lot of people. give it credit for. I know when you. start on the ground floor, it sucks. >> Well, I mean, I turned over in a year. I. I literally uh July 26th was when I. started. >> show the ambition and everything. So, okay. Very cool. What do you make? >> Uh 68.

>> annually. >> Now, again for Spokane, I don't really. know, but in terms of the United States, that is good. You are doing well. You're. I mean, you're towards the median. household income of the United States. Household income usually two people. So, you're doing pretty okay. Uh I would. think. What hits your account on a. paycheck basis? >> Uh I think my paychecks are 2054. So. 2054 total would be 4108. >> Okay. And how you doing? It's okay. >> I'm doing okay. Um, you know, it was. really rough getting here. I racked up a. lot of debt this last year. Yeah. Well, not not to Austin, but like to this to.

this point, you know, cuz I in a year I. doubled my income. Um, so this whole. year has been really rough. >> Be good. >> Yeah. Where I'm at right now is getting. a lot better. [screaming]. >> MY EYES. >> I'm feeling pretty comfortable, but you. know, I'm still in debt, so obviously. not that comfortable. Well, I think what. likely was the issue was not your lack. of income, but literally trying to build. a bulldog empire in your backyard and. went into a [ __ ] ton of debt. >> to breed bulldogs. >> Yeah.

>> Endlessly. >> Yeah. >> In your backyard. >> to start a bulldog empire. >> room. >> in your house. >> Yeah. >> Got to figure out how to make money on. this thing. It's simply too good. >> How do you build a bulldog empire in a. single spare room in a house? Well, with. love and a lot of hard work and you know. >> No, theming. >> Yeah, but I got. >> 700 foot house. >> 770. Yeah, it's it's tiny. >> It's tiny. We got So, there's. technically two bedrooms and then a mud.

room and then like a kitchen, living. room. >> And what did they have? >> They got the mud room. >> Isn't the mud room usually not AC or uh. heated? >> So, we have two two window AC units and. a lot of fans. So, what the you trying. to do with Bulldog Empire? What is this? >> I had a buddy who owed me a dog. Uh, we. did some work together. >> Owed you a dog? >> Yeah. So, I I didn't make nearly as much. money as I thought I was going to with. the work that we were doing. And he's. like, >> "So, you guys made bets on dogs?". >> No, we made a deal where he's like,

"Hey, man. I feel bad. So, I'm going to. give you a bulldog cuz I'm I'm bleed. breeding my uh blue-nosed pitle or it. was a pit bull." And. >> you're doing pitles, not even bulldogs. Cuz pitles uh they breed themselves. pretty easily. >> No. So he ended up not breeding the the. pitbull. And so he called me like a year. later. He's like, "Hey, I still your. dog." And I was like, "Yes, you do." He. said, "Go drive to the Tri Cities. You. can get this Frenchie.". >> Turned out that I was buying the. Frenchie. So it was like a really weird. thing. >> And they are not cheap. How much? >> 12 grand. >> $12,000.

>> $12,000. >> Not $1,200. $12,000 for. >> a third of a Frenchie. >> How do you get a third of a Frenchie? >> So co-ownership. >> What? >> Yeah. are we talking about? What the are. you even What are you on about? [sighs]. >> This doesn't This doesn't make any. sense. You're not renting rooms in a. house. You're not owning a third of a. company. >> No, it's a third of the breeding rights. >> So. >> So I The dog was mine. I own the dog,

but the litter. >> doesn't sound like it. >> Okay. The production of the animal is. what I own a third of. So the dog stays. in my house. She's my dog. But the. litters that I was at that point. contractually obligated to have, I owned. one-third of the production of, >> which you're doing a. >> Except for the first French bulldog. empire. Oh, >> the the first litter I got nothing from. I actually bought a dog from the first. litter of the litter that I made. So, I. had a litter, fell in love with one of.

the animals, bought that animal, paid. no, sorry, $6,500. I bought half of that. dog. bought half of a do. >> Yes. [snorts]. >> Okay. >> Yeah. So, uh you know, it was kind of. one of those things where I I I got a. little on the first one, so I got in on. the second one in a better deal. >> 1,200 12,000 for a third of a dog. >> 12,000. >> 12,000 for a third of a dog. >> Just wait until we get to the studs. >> The what? >> The studs. The boys cuz these these the.

moms, right? So, I bought one of the. first litter because I didn't get. anything from the first litter of the. dog that I paid $12,000 for one/ird of. I only got a third of the second and. third litter. We didn't end up having a. third litter. So, I paid 12 grand for. one/ird of one litter. >> Yeah. >> What's going on? Okay. So, [laughter]. >> the next dog I had full. >> Wait, how did you possibly even come. close to affording $12,000? >> Uh, I'm sorry. Like even on the 68.

12,000 that's an insane amount of money. >> It was a friendly loan. Like. >> how did you do a friendly loan? >> It was from them. They I owed them. $12,000 of which I was. >> The person that sold the third? >> Yes. So I left their house with the dog. without any money trans. That's. impossible. Did there a contract signed? >> No. >> What? Not even for the ownership? >> No. >> What? >> No. Yeah. So it's a buddy of a buddy. I have. a really good friend that I've trusted. for a long time that is the is one of.

the thirds of the mom, right? So, he. owns a third. The people over in the Tri. Cities own a third. I own a third. People in Tri Cities is that is that not. Minnesota? >> No, it's Washington. >> The Tri Cities. Is that not. >> It's Washington. It's uh. >> Okay, it doesn't matter. Keep going. >> Anyways, uh good buddy who I did some. work with owed me a pitbull. Ended up not breeding the pitbull. I got. the Frenchie. I got a third of the. Frenchie. I bought half of one of her.

daughters that I bred. It was a. unfortunate situation and I was planning. on continuing with the daughter. We. ended up having one more litter with the. mother. >> How many how many how many dogs were. being born of these litters? >> So, the first litter was four. The. second litter, no, the first litter was. three. No, it was four. Second litter. was four. The third litter was two. Um, so that's how I got my third dog, which. is Leia. I kept one of the two. It was. Luke and Leia. And uh.

>> she is supposed to be a dog that makes. money. Um. >> you Okay. >> We haven't had a litter with her yet. >> Yeah. You took out a $12,000 personal. loan for her. >> Well, for her mom. >> A friendly loan. Okay. This Yeah, >> actually for her mom's mom. >> So, Indigo is who I own a third of. >> Oh, the names are not going to help. >> Okay. >> Okay. >> How do you want to go about this, Caleb? >> Can he draw it? >> Yes, we can try and draw this. Listen, maybe maybe I'm a I don't know, but it. starts with the 12,000. So, I want you. to draw how many dogs and the price tag.

associated with them and draw the line. So, what the is happening if I'm going. to audit this dog operation? Okay, so I own one/3 of Indigo. I paid. $12,000. She gave birth to Dakota, who I paid. $6,500 for. >> And how did you afford that 6,500? >> I took I took a loan out. >> What kind? Uh, SGCU an unsecured. personal loan. >> Yes. >> And what's the date that this started?

Is. >> uh is. >> 2020. >> What the Is this 5 years ago and we're. still dealing with this? Okay, keep. going. >> Yeah. So, she had a litter which I paid. $5,000 in medical bills for. >> WHAT? >> Which had two dogs. I kept one dog. >> Yeah. Every litter is about 5,000. >> You kept one for yourself. Just personal. for fun. >> Well, no. To breed. But listen, if you. own a half and a third of that, you just. get to keep one. >> kind of. So, I co-own this dog with my. buddy. >> Oh my How many How what are these these.

ownership? You co-own what dog? >> Every dog. What? But which one here? >> This one is Leia. >> Okay. And you own what percent? >> 50%. >> Okay. Then draw 50% I guess. I don't. know. Okay. Okay. So, >> okay. >> Oh my. This is insanity. >> And then there's Bean, right? So Bean, uh, I also also owned 50% of, uh, she. ended up having heart issues, so she. didn't get bred, so she's out of the. picture. We rehomed her. >> Uh, I didn't pay anything for her. That.

was like a, "Hey, I have a dog. I want. to breed it. Will you take it?" I took. it. And then we got it checked out, and. I was like, I'm not going to breed this. dog. So from there, I bought. I bought. >> This one's a fat one. >> 18. Oh my. >> Of my stud. >> One stud. A stud is a stud. >> Man. >> A man. >> $40,000 dog. This is I bought half of. this dog for 6500. >> Okay. I'm confused. Is this a woman or a. guy? >> Yeah. So, mom or sorry, grandma, mom,

daughter, right? >> So, you were you were hiring someone's. nut throughout those processes. >> kind of. So, the stud was owned by my. co-owner. So, we didn't pay anything for. the nut on this one. We [laughter] paid, you're going to hate. me for this one. We paid 2500. >> for the nut for Leia. >> Uh-huh. >> Yeah. >> Uh-huh. Now, okay. You kept one, you got.

50%, you got rid of one. Did you make. money off of that? >> No. >> How? >> Because we So, we paid five grand for. the medical fees, $2,500 for the stud. fee. I sold that dog for $2,000. >> Oh, good. Yeah. >> $12,000 for a third of a dog to make. $2,000. Yeah. >> Of which you paid7500. to produce even on top. Oh, >> we're not to the best part, right? So, >> okay. The stud you own what was it? An. eighth of the stud. What did you pay for.

an eighth of stud? >> 5,000. >> You made 2,000 off of a. for an eighth. >> Yeah. >> Okay. Yeah. >> Good. Um, so grandma had another litter. >> So, so grandma's Okay, I appreciate. that. >> Yeah. So, grandma had another. >> uh with who? >> With. somebody that we own. >> You paid for not. >> No, no, no, no, no. Not on this one. Not. on this one. This was a stud that was. owned by one of my coowners. So, it was. like, yeah, cool. Whatever. >> Okay. Had a litter. What was the makeup.

of the litter? >> It was four dogs. >> Okay. Four dogs. >> Yeah. Four dogs, right? So, we'll just. whatever. Four dogs. Uh, >> no, no, no. Now, to be clear, if you own. a third of this, but there was a nut. from another thing, your dilution is. probably more, right? You're diluted. >> So, I own one/3 of all of those dogs. >> Wait, really? That doesn't make any. sense. There's a nut, but the nut not. bring also an entire. >> No, no, no. Because when you're. co-owning, the nut is free. If the if. the if the stud is owned by one of your. co-owners, then it's one of those things.

where it's like, "Okay, we're going to. use this dog.". >> Okay. So, you own a third of grandma's. >> Yeah. So, I sold one dog for $2,000. and then the rest of the litter went. over to. >> Oh, 2,000. So, you got what was that? >> 67. Yeah. 660 bucks or something like. that, right? The rest of the litter went. over to the Tri Cities to my coowner. >> Why? >> Uh because she was better at selling. dogs and then she stole them. >> The whole litter. >> What?

>> Yeah. >> Does that mean. >> full radio silence stole the dogs? There. was conversation of us going and kicking. her door down and taking all of our. animals. >> This the mob. >> It the mob for dogs. >> It was getting there. It was getting. there. Um we ended up trying to be good. people and we left it be because it was. one of those things where it's like. >> I don't know if that's good people. >> I'm not going to jail over. >> Well, no. I think there's a difference. between doing nothing and breaking in. someone's door. >> Yeah, there's a difference and there's a. middle ground. Um you know, >> of which is what I would have done. What.

I did was I commented all on all of her. Facebook posts and I started talking my. [ __ ] and trying to, you know, leave a. little bit of a mark on her business, but obviously that's not going to do all. that much. Um, it. >> not in your position. >> No, not in my position one bit. Uh, but. yeah, she stole three dogs from me. I. hate this woman with a burning passion. Um, she's a terrible human being. [laughter]. >> Okay. >> Yeah. So, that litter just disappeared, right? Um, Leia was Sorry. Leia was.

going to have a litter. Um, I didn't. really want to have a litter with her. and so. >> I hope you're not having it with her. >> Hey, what I do in the comfort of my. home, right? Um, anyways, >> no. [laughter]. >> No. >> Um, so we talked about having a litter. with Leia. I am contractually obvious. Me and my buddy, my actual buddy who I. co-own. with. >> The nut would be Cheeks. >> Oh, Cheeks. Okay. So, >> who we would use for free because I own. an eighth. My buddy owns a an eighth or. a quarter or something. So yeah, there's.

a dude who owns half of the dog. That's. who made the dog. Then there's a dude. who owns a quarter of the dog who the. guy sold him to. And then. >> Oh, good. >> He sold half of his half cuz it was a. 50/50. He sold half of his half, which. would be a quarter to my buddy and my. buddy sold half of his quarter to me. >> Okay. So, a litter happened. >> No. >> While Leia boarded. No, we were we were. getting ready to go with Leia and then. um we got an offer for Rolex. Rolex is.

>> is a dog. >> is a dog who has amazing genealogy. She's a like a one ina million dog comes. from like all these big dog names, right? So, we got an offer to take Rolex. for free. We took Rolex. So now we're. going to put cheeks toward Rolex, which. is my last contractually obligated. litter. >> today. Like you're doing. >> in a couple months, March. >> Wow. So this all leads to now. So you've.

done nothing but lose tens of thousands. of dollars. >> You know, I've been taking care of stuff. as it's coming, but it's putting me in a. really tough position. >> Uh yeah, by the way, why is a third of a. dog $12,000 when the litter of that dog. is $2,000 a dog? Well, so the these. people had also just gotten into the. business. Their first year they made 200. grand cash out, made money, the economy. crashed. >> Wait, when. >> uh co.

so like. >> co's when everyone was spending money on. dogs. You remember when everyone got a. dog? CO. >> Yeah. And then the end of CO, right? So. >> the end of CO the economy was doing. fine. Inflation Okay. The the market. crashed, but the job market was still. good. >> Yeah. But nobody was spending 8 10 12. $15,000 on a. >> French in general. That's insane. >> Rich people, man. But yeah, so they made. 200k, right? And that's what I got in on. the premise of. And then, you know, a. year went by, I had a litter. I didn't.

get anything from that litter. I bought. half of a dog from that litter. They. made money on that litter. >> Wait, you were trying to sell Colton. one? >> Well, no. Trying to sell Lindsay one. >> Oh, you were trying to sell Lindsay one. >> She likes them. Yeah. Yeah. And she. wants another one. I love her. I told. her I'd make a trip down here. Like I. have no problem doing that. Just saying. >> Do the math for me. How much does this. all cost? Not Not after earnings. How. much does it cost? Medical bills and. everything. Do the math. Yeah. >> So five, 10.

>> Okay, I'll do it. 25, 30, 35, probably around 50,000. including medical purchases. >> in a year on that. >> to make. $4,000. >> It's um. >> You look about as happy as I am on the. inside. >> Not a good return on an investment. >> No. No. It's been a travesty. >> It kind of is an MLM. It kind of is.

because the fact is you're buying into. it. >> with the hope to like sell your product. >> Yeah. >> Like the people that made money were the. ones that owned all of it, made dogs, sold them off, and now they're selling a. percentage of it cuz they made money. So. they're like, "Look how much this is. worth. Give me a [ __ ] ton of money.". >> Like an MLM. I am trying to sell to. other breeders. >> So, so, so, so, so, so. >> sell to other breeders. >> So, who. >> dogs? >> It really is an MLM. So, you breed the. dogs, the dogs that are born. They're. like, "You will make money off this.

dog.". >> There are dogs that are there are dogs. that are that are that are pet animals. And then there are dogs. >> Yes. Yes. Yeah. Yeah. There are dogs. that are specifically designated to be. pet home animals. There are also dogs. that it's like, "Holy crap, this is a. nice enough dog that there's probably. going to be somebody who wants to make. dogs with this dog.". >> And you're doing this all in a 700. square ft home. >> Well, >> what the How many dogs are in your. house? >> Six. Five Frenchies and a blue-nosed. pitull.

>> Oh, >> yeah. >> Oh, >> we clean a lot. >> Who's we? >> Me and my girlfriend. >> You got a girl? >> Lisa. That's her fake name. >> Oh, okay. She's Does she know you lost $50,000? >> Yes. Yeah. She's very aware. >> And her thoughts on that after dating a. guy for two years. Two and a half years. >> Yes. And two and a half years means we. might be going towards marriage. She's. okay with marrying. >> Yeah. Why? Because reproducing. >> Well, I'm with the dogs.

>> You're gonna breed her soon. >> I have a really I but I have a really. good plan generally speaking. Like I. know what I'm trying to do. >> Oh, good. >> I'm trying to be I'm trying to be. debtree in the next 12 months and I. [laughter]. >> Uh-huh. >> Yeah. I I have I have a map like I know. where I'm trying to go. Yeah. >> Show me. >> It's in my head. >> [ __ ] it though, bro. It's your life. >> Erase and draw. Then we go back to. drawing. >> My total monthly bills. 46.80, right? So.

>> I hope we'll see. >> Okay. Uh that's like what I owe to. people, not including uh. >> that's that's what you owe to people. >> Not like individuals, but like banks, etc. Like my house, uh my car. >> Yeah. You spent hundreds more than that, by the way, last month. But keep going. >> Yep. Yes, I did. Uh [laughter]. so 46.80 80 is my monthly. not including food and gas in this plan.

to solve this. >> so the girlfriend can marry. >> she's still married. >> your girlfriend is married to another. man. >> they've been separated for a long time. >> she is married to another man. >> we are in the legalities of it right now. >> you've been dating for 2 and 1/2 years. >> Yeah, there was a whole plan. There's. some finickiness to it. Um, >> you've been dated for 2 and 1/2 years.

>> Yeah. >> To a woman that is married. >> Yes, sir. >> What the is going on? >> I mean, there's really not too much of a. story to it. They were married for a. long time. They were separated for a. long time. She stuck around because his. kids, not her kids, his kids uh were. like family to her. So she was, you. know, parental and they stayed together. They moved to America cuz she's German. Um, and you know, they were separated and.

then eventually uh, you know, we met and. >> it's taking so long. >> There's not really an answer to that. Um, we just need to get it sorted. We're. in the works of talking to a mediator. right now. the works to talking to. Look, private student loans can make you. feel like you're one mispayment away. from selling your grandma's heirlooms. We miss you, grandma. Why? Refi says, "Chill out. No more sacrificing the. family jewels. They don't reduce you to.

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need and nothing you don't. And when you. download Dollar today, you'll get to try. for free, plus three months for just. $9.99. So, you can finally take control. and see what your money's been doing. behind your back. Click below to get. started. >> Who are you talking to? >> I have talked to a mediator. We need to. get it sorted. He He is an interesting. character. >> Uh so, we need to get him on board with. it. >> How long have you guys lived together in. this 2 and 1/2 years of dating? >> Uh year and a half. Okay. Well, and you.

paid for her moving cost to Maine to. Spokane. >> We paid for it. >> Who's we? You and her. Me and her. Yeah. Well, okay. Could you afford that. $10,000 a year on. >> No, we also couldn't afford the move, but we did it anyways cuz it was kind of. like a closing window. >> Why? >> Because he's he's. angry. And it was one of those things. >> in a murdery fashion. >> In like a I'm not going to let you have. your stuff fashion. And then he finally. said, "Yeah, you can come get your. shit." So, we sent some people to go get. her [ __ ].

>> Okay. And I want to make sure I'm. understanding this right. You got into. this pit bull thing. Not pit bull. Bull. bull French bulldog from a friend. >> Yes. >> A friend. Sold you on this. >> Yeah. >> You guys still friends? >> Yes. >> Really? >> Yeah. >> Insane. You're not. >> No. No. No. >> That's a different friend. >> Yes. >> So, you got this 700 foot [ __ ] house. with another friend. Yes. >> You're on a mortgage with another. friend. You get talked into everything.

>> No, no, no, no. I I kind of talked him. into it, honestly. I. >> Oh, you're manipulative, too. >> No, it was it was very, very amicable. Uh, we were talking about buying a house. so that we could enjoy our life. together. Like, that came out a little. weird. Um, >> are you a homophobe? >> No, I'm definitely not a homophobe. Um, he was my best friend. We lived together. for a long time. I moved out of my mom's. house when I was 16. Moved in with him. and his mom. finished high school and. then we were talking about. >> he finish you off sometimes as well.

>> in an emotional way. >> that's more gay. >> We decided to get a house together. because we're like we don't want to rent. and I was like hey if you'll help me buy. a house then when you know in a couple. years I get my [ __ ] straight I will buy. you out of. >> You never got your [ __ ] straight by the. way. >> Correct. >> Okay. >> But I'm trying. >> You offered what? >> I offered to buy him out of his equity. of the house. >> What What is all these handshake deals. that you're making with everyone left. and right? It's a mess. >> Trusting. >> Well, what trust, dude? Look where you.

are. This hasn't worked. >> I mean, it's gotten me where I am. Like, I have a house of my own. I. >> 700T house that is hard to sell. >> With a beautiful little yard and. >> it's hard to sell. >> Plants. It is hard to sell, but I'm. hoping to rent it. >> It might be okay for rental. Maybe. We'll see. >> I So, I I bought it for 235, like. everything included, and now I owe 247. is is the other part of that. Anyways, getting back to the original story. So, me and my best friend were like, "Yeah, let's buy a house. Let's get somewhere. that we can do our stuff, right?" And. then me and his girlfriend, I still.

consider him one of my best friends. We're not talking at all. I love him to. death. Yes. I It's a rough situation. Me. and his girlfriend didn't get along very. well. Um, I was dating a horrible human. being. Actually, I was engaged to a. horrible human being. >> Oh, engaged? >> Yeah. She ended up cheating on me with. her ex-husband. >> Did he have hair? >> I think so. I did too at the time. though. We got into the house and me and. his girlfriend didn't get along. My. girlfriend was sticking forks into light.

sockets. Like terrible human being just. trying to. >> Was she actually doing that? >> No. Like met metaphorically she was. trying she was trying to burn my. friendship down. She was like trying to. isolate me. >> She another dude. >> Yes, she did. >> That's the big one. >> Yeah, that's Yeah, but I care more about. the fact that she ruined my friendship. because she. >> How did she ruin it? >> She made it easier to ruin. Uh she was. she was telling him, "Oh, well, you're. too late." This and that. You can't be. in these celebrations and everything. Like it got to the point where he didn't. even feel comfortable saying happy.

birthday. >> Break up with her. >> I did. >> After I figured all this out cuz she she. was sly. >> She was sly. I knew when she the dude. That was when it all ended. >> How'd you find out? >> Because we had life 360 and she didn't. hide anything. And it was just like. you're at somebody else's house and she. >> ex-husband. Yeah. husband couple years. ago. You're 26 now and she was your. fianceé. What is your life? >> Wacky. >> Let me see what she looks like. >> Yeah, I can't click on her profile, so I.

might have to give you her name. >> Profile on what? >> Facebook. >> Good news. I have a Facebook. >> Who blocked who? >> Uh, I said my piece and she blocked me. >> What' you say? Yeah. >> That she was a dumb cheating [ __ ] and. that she'd deserve to get like she him. >> Is that there? >> Yeah. [laughter]. >> I'd rather cut my dick off and play.

tennis with it than help you with. anything. [laughter]. She said, "That's fine." And then and. then you say, "Perfect. if you could. please refrain from any future contact. I'm attempting to lower the amount of. dumb cheating in my life. She said, "Never cheated, just left, but I got it. Thanks." And then you say, "Elmo Lmao, you're full of [ __ ] Bye.". >> Okay, I'm going to have to try and dig. through my photos because I can't find.

her on your Facebook either. >> It's interesting. Your response to. cutting off your dick was a response to. a message that was from her after a long. couple months of nothing where she said, "I hope you're doing well. I messaged. and I saw her and got married. I know. this is a weird question. I'm sure you. don't want to hear from me, but I was. wondering if you could tell me the games. we were we used to play on Xbox. together.". >> Yeah. >> And then you said, "I'd rather cut off. my dick.".

Can't find her? >> No, I can't. >> in Instagram. >> I don't I mean I'm sure she has one. I. barely use Instagram. >> Well, here put it on her name then. And. that destroyed your friendship with the. guy. You couldn't resume it and saying. like. >> said me and his girlfriend also really. didn't get along. And there was a point. where um you know it was kind of a. blowup. I was like, "Hey, you need to. >> fine. Why didn't you get along with his. girlfriend?". It's hard to say this because I'm still. trying to like repair that friendship, but she hadn't had a job. She was in my.

eyes kind of a a user and uh she. >> a user of drugs or him. >> and she I I'm just going to look her up. real quick. Um she did things that I. just didn't really appreciate. Um, she. wouldn't say much about. >> But you cannot like her and hold your. tongue for the sake of your boy. >> Well, yeah, but when there are literally. dirty dishes in the cupboards because.

she can't clean things and there are. >> Yeah, that sucks. Doesn't mean you have. to be horrible about it. I don't know. >> Well, and I wasn't even that horrible. Like the last conversation that we had, I was like, "Hey, you need to make sure. that your girlfriend is doing this and. that." And he's like, "Well, you should. talk to her yourself." And I was like, I. He's like, she's right behind you. And I. looked at her and I was like, I'd love. to, but every time I bring anything up, she just breaks down in balls. And then. she she like made a ah face and then. started crying. And I was just like, yeah, I I don't know what to do with. this. I was like, see? And then he's.

like, all right, well, as soon as you. can get me off the mortgage, blah, blah, blah. And I was like, okay, well, I can. cover the bills right now. So, if you. want to go, you can go. And then he left. without any money. And that's the. >> And how long has that been? >> 2023. 2023 and a half. And yeah, that's. the $6,000 that I. >> And who's being petty to who. >> as far as what? >> This friendship you're trying to. rekindle. >> I've reached out to him and I was like, "Hey man, you know, I I quit drinking. I'm doing better with myself and like. I'm really sorry how everything happened.

and like if anything that I did was. shitty or whatever, you know, >> and he said. >> he said, "I appreciate that. I'm glad. there's no bad blood." And then that was. pretty much the end of it. Like there. was no further communication. You didn't. say, "Let's go get a drink or let's get. coffee." Or. >> I tried to u Well, I didn't try to say. that, but it was one of those things. where it just felt like there was no. openness for communication. You know, >> to rub oil on her head before he went to. bed in his mother's house. You can ask. him for coffee. >> Yeah, I see. >> Maybe we repair this friendship in the.

post show. >> Maybe we call call the friend in the. post show and we repair a friendship. >> Ah, [sighs]. yeah. >> It's worth it. Stop being a [ __ ]. >> Okay. All right. Fair enough. >> Listen, I've lost friends once in my. life, and that sucks. And sometimes. people can be kind of petty middle. schoolers, and that is hard to deal. with, but it doesn't sound like either. of you are, so it's repable and worth. it. >> Wow, I did delete all my photos of her. >> Oh my. Okay, just show me a picture of. you with hair. [laughter]. Oh, there she is.

>> Oh, listen. I mean, I don't know. It's just. It's just one picture, but she's kind of. cute. Wait, is this the current? >> No, that was my previous profile. picture. I don't I don't care to update. my Facebook very often. Um I am not one for social media blogs, by the way. >> Me with hair when I was like 100 lbs. lighter. >> Yeah, that hair was running away. That. was. >> Oh yeah, that's that's when I was trying. to cover up the baldness.

>> And let me see the current boyfriend. girlfriend. Sorry, you seem very gay. This is And we love it. And we love it. >> I'll just let you look through her. profile pictures. >> She's pretty, too. You do okay. >> She's gorgeous. I love her to death. She's amazing. >> Yeah, you do. Okay. >> And she's German, so she's actually got. >> concerned about the the the rings, though. >> You know, piercings. >> Oh, very very um like she'll. vote in a communist type.

>> Oh my god. >> Person. >> We don't talk about politics much. >> I wouldn't with her. >> Yeah, she wouldn't. >> She will cancel you. She will call you a. predator. >> No. >> Okay. So, what do you think your finance. score is? 0 to 10. Zero being the worst, 10 being the best. >> A half.5. >> Oh, okay. If you want your financial. score, take the assessment. It is free. at calebmer.com. See where you stand in. the world of money, where you need to. get your [ __ ] together, where you're. doing pretty well, and what you need to. do to fix it. And if you don't want to. be like a guest who ends up on the show, make sure you download the dollar wise.

budgeting app. New features being added. every single month. It's incredible. It. is incredible. Now, tens of thousands of. subscribers for a reason who are. changing their lives. Check it out. There's a free trial. Dollarwise.app. Links in the description below. Save a. lot of money by switching to the annual. version. If you like it, and when you. do, only for two more months, I will. personally sign my budget friendly. cookbook and mail directly to you. After. that, they're going away forever and. there's no way to get them. Check it. out. Dollarise.app. All right, let's get into this. Let's. get into these numbers. I finally I. mean, I got your I got your little lure.

Okay. And your lure is It's so stupid. This dog thing is one of the most. idiotic, most moronic things I've ever. heard in my life. Ever heard in my life. Okay. And your current girlfriend looks. like someone who is the opposite of able. to manage finances in every way. whatsoever because they're usually the. people that spend 98% of their life. protesting instead of making money. So, I understand why she [laughter] doesn't. care. I understand why she doesn't care. about your complete financial disaster. because she's going to expect a bailout. from someone else later. >> I strongly disagree. No, she she's on a.

fiscal plan with me. It's been it's been. a tough time. That is true. Listen, here's the reality. Here's the reality. I need to learn about your plan cuz then. I'm going to go through this and I'm. going to find out your plan's probably. [ __ ] But the reality is the first. statement is a mortgage. >> Yeah. >> They never put a mortgage first. You. know why? Cuz a mortgage is boring. If. it is first, that means something is. meaning you are. >> Oh, yeah. I've been through the.

How many of the house? Why? Okay. Well, why? >> Well, the first one is to get my buddy. off and then the second one. >> that one's relatively fair, I guess. So, he was on the mortgage. >> Yeah, he was. >> Oh, [ __ ] sake. Okay. >> Yeah. No, I there was there was no way I. could swing it. >> on paper by myself. >> So, what was that? What did that. refinance look like? Uh, it looked like. a painful um I, you know, that's why I'm. at 247k on something that I originally. paid 235 and a half on. Um, I do have a.

little bit of equity in the house at. least, but yeah. No, I'm I'm above where. I started at. I'm supposed to be like. 265 for property value right now. >> The interest. Yeah, I mean the interest rate it's it's. 6.3. It's kind of in that normal range. for today. It's obviously not those. beautiful co rates for sure, but the. fact is. regular monthly payment. Total amount. due. Yeah, it's because you're overdue. You're overdue of payment. That's why. it's here. You're overdue a payment on a.

700 foot house that you keep 12 ANIMALS. WHAT THE is wrong with you, dick? What. is Dude, >> I'm [clears throat] sorry. A small gust. of wind and this thing is gone. So, it. was built apart 1922. >> Listen, do we have consent to put images. with things blurred on screen? >> Uh, yeah, I guess that's. >> okay. So, let's make sure we do that. This,

even though it's on a slab, is. >> kind of want to shed all over the place, but this is worse than a trailer. >> Built in 1922 as a chicken coupe. >> Oh, you live in a chicken coop. He's. refinanced the chicken coupe twice in. three years. >> Yeah. Um, it's actually a pretty pretty. cool little story. So, it was built 1922. as a chicken coupe. Some low or some. down on their luck family members moved. in in the 50s and then they put. >> Yeah. only down on their luck would move. into a chicken. >> and they lived there without running. water for like a year and a half and. then they put an addition on with a.

bathroom and a bedroom and they put a. sink in. They made it a little kitchen. [snorts]. and then late in the 50s. >> also you equity position. No, cuz Zillow. is honestly usually very generous in. terms of what they give you. And Zillow. has gotten better over the years, but it. literally marks it as. you having an equity position. >> of like $5,000. >> You having an equity position. of $353. >> Oh, what? That's insane.

>> That's the generous platform. >> That's insane. >> No way you're not negative. And even if. you sold it today, you would be having. to write checks. Yeah. >> Uhhuh. Why the would you buy this? I'm. sorry. I've never called anyone's this. because usually a home's a home and it's. nice. This piece of [ __ ]. >> This is a piece of [ __ ]. >> It was completely torn down and. renovated in uh like 1999. >> I have the pictures of what it was when. you bought it. >> Yeah, the exterior is a little rough. >> And I would never say this about. anyone's home. I really wouldn't. And I. never thought I would. This thing's a.

piece of [ __ ] I'm sorry. >> I strongly disagree, but D, we are. putting images on screen. This thing is. a piece of [ __ ] I would rather have a. trailer any AND EVERY DAY. NO, I would. rather live in a camper. A camper that. expands. >> You're crazy. >> No, campers are No. >> No. >> Guys, everyone, I'm sending this link to. the to the chat right now. >> Most of the reason that I bought it was. the backyard. >> Places have yards.

>> Yeah, but. >> places have yards, dude. Plum trees, cherry trees, pear trees, raspberries, blackberries. >> Buy those. >> raised garden beds, fully insulated. shed. >> Okay. Review of the house, everybody. >> I'm not trying to meme on someone's. house. We never do this. Nor apartments, but the fact that you have a negative. equity position, if we're being real on. a pretty crazy balance for that, >> it's also a direct stepping stone. I. mean, it's not somewhere that I intended. to be for more than a few years. As soon.

as I get like bad debt free, I'm. planning on, you know, putting as much. money. >> I'm glad you're able to speak on. reasonable terms, but shut the up. I'm. sorry. That's Come on. What are we doing. here? >> Enjoying life, man. >> Uh, I don't think anyone would enjoy. living in this. >> Okay. Well, I have a lot of shelving. units. It opens the space up a lot. >> He put in sh and your girlfriend when. she saw this place, >> she thought she I think her exact words. were, "It's quaint.". >> Yeah. She really wants to move. >> and you're over. >> Yeah.

>> Yeah. >> She really wants to move. >> Me too. >> And you're over you're past due on this. >> on this. >> So. >> guy, what is possible? By the way, on. that which you just saw of which you. could rent something nicer than that. objectively borderline anywhere for less. than this. But his normal minimum. payment is $1,933.32. What's even the purpose of purchasing. this? I do not understand. Because you. don't have an equity position. You got. it with a friend which is objectively. stupid and rent would be cheaper in what.

way possible for a better place. In what. way possible? This is the dumbest home. purchase I have seen. >> I hate landlord. >> Dumbest home purchases I have. I hate. >> I went to nine schools moving everywhere. and dealing with this not stupid. >> There's a difference between stupid and. >> in looking at that now you have to. remember there's 12 animals living. there. Yeah, but 11 of them are. >> average twobedroom home house with yards. rents in Spokane $1,590.

Your mortgage payment is usually a three. bed, two bath in terms of rent at a. nicer place. >> That's not what you're actually going to. get for a mortgage in Spokane. I mean, I. looked around, [ __ ]. >> Well, you said your mortgage, [ __ ]. >> Yeah, your mortgage would pay for a. nicer three bed, two bath place with. yard, [ __ ] rent. >> That is true. of which you don't have to. sell and write a check to sell. >> Yeah, but I'm not planning on selling it. this year. >> Well, you do not have an option. >> I'm planning on building it up a little. bit. Maybe. >> No, you are not building. You're not.

adding on to this house. >> The only. is I want to put a closet like a real. walk-in closet. That's all I want to. put. It cost me like $5,000. >> and it would make everything a lot more. comfortable and then I could rent it out. very easily. >> Who's renting that? Who's No, no, no, no, no, no, no. Cuz you get again we. just pulled the average two bed one bath. nice places is 1,500 to rent. Who are. you renting this to to cover your. mortgage? >> I don't think that's the reality in. spoken reality. Okay. When we pull.

analytics is not the reality when I look. when I looked for something to rent. Anything around $1,500 was like a. [ __ ]. >> I don't trust your look. Your looks a. your look is dumb. And also that's that. come on that's a lower the total pole. rent. But either way, terms of a. property that someone would rent that is. lower the tone. >> Maybe in like Browns edition where. you're surrounded by gangsters and drug. addicts. >> and you call them Browns. >> No, it's the edition. The guy who the. guy who built Brown's edition was Albert. Brown or something.

Every neighborhood in Spokane is named. after somebody. >> Can we call Tyler in here? >> What did I do? >> I just saw you. [laughter]. >> Tyler, I have I have concerns here. >> What happened, Kayla? What did he do? >> [laughter]. >> He called drug dealers and criminals. Browns. >> No, >> there's there's a neighborhood in. Spokane called Browns Edition and it's. named after some white dude named Albert. Brown or something like that. But no, it's it's the shitty part of the town.

for sure. >> So you call it the Browns? >> No, it's it was called the Browns. Edition. It was actually really nice in. like the 40s50s and then it. >> and then collapsed. >> Why? >> Drugs. >> from. >> drug addicts. I mean, there's a lot of. in Spokane in downtown. I mean, yeah. Some. >> So, so, so who who lives there, though? Like, what kind of drug. >> addicts? Like, what kind of people. though? >> Well, so we have Bloods and Crips in. Spokane, like quote unquote. You know. what I'm saying? So, I mean, there's a.

dude who walks around downtown. His name. is Blue. >> Then, what color is blue? >> I don't know. He's always wearing a blue. tracksuit, though. >> So, like what's his what's his what's. his skin tone, though? >> I think he's black. Oh man, thanks. >> But that's not my fault. [laughter]. >> It's a winwin. You get money and I get. money. These are called affiliates and. you get that sweet sweet cash for. signing up for some amazing products. The first one is Chime. This is a.

checking account that I personally use. and you get up to a $350 bonus with a. new Chime checking account and earn up. to 3.5% APY on your savings. And second, my investing app of choice these days is. Weeble and get a 2% match on all of your. money that you transfer over. And. finally, sign up for automated investing. with Acorns. Typically, the signup bonus. is only five bucks, but with my link, you get $20. Ladies and gents, you get. money, I get money. Enjoy. Links are in. the description below. You asked for it.

and I'm delivering a way to connect the. dots to see how the stuff we talk about. applies to you, your money, your debt, and your goals. The wait is over because Master Your. Money, my all-in-one personal finance. platform, is finally live. Inside, you'll get access to all of my courses, budgeting templates, calculators, a. community of like-minded budgeters, exclusive content, weekly tips, and free. access to the Dollar Wise premium.

budgeting app. Learn everything from. budgeting to investing. Tune in weekly. for Behind the Budget, a masteroney. exclusive, and join members monthly. challenges to celebrate your wins. And. since it's Black Friday, I'm giving you. access to our members exclusive audits, financial a post shows, and more insider. content in our newly upgraded Hammer. Elite 3.0 membership. I've wrapped it. all into what I'm calling the ultimate. Hammer bundle. Sign up for Master Your. Money today and get lifetime pricing at.

just $39.99 a month, over $100 in annual. savings, and access to the Dollar Wise. budgeting app premium version, one month. of Hammer Elite 3.0 Oh, for free, plus a. free budget friendly cookbook that you. can download. This insane offer ends. after Black Friday. So, if you want to. master your money, click below and get. started today. >> Okay. >> A brother named Blue. >> I need I need a racist score from our. friends. 0 to 10. Zero being the least.

racist, 10 being the most racist. >> See, I don't feel like he's. intentionally meaning to be. I'm just. going to give you a smooth six. Brown's. edition smooth. lose. >> If you want to figure out how racist you. are, go to caleb.com/racist. Take our racist assessment. See if you. need [laughter] to see see where you. need to improve your racism or where you. need to let off the gas a little. >> That's a thing. We have that. >> It is now. [laughter]. >> No. It's a crazy city, though. >> Do I need to get him back in here? >> All I crazy because there's like the So,

downtown is a slum. It's horrible. I. mean, there are apartments that people. pay exorbitant amounts of money for. >> And what else is there? >> Are in shitty neighborhoods. Drugs. >> and all sorts of. >> drugs don't kill people. >> I'm pretty sure drugs kill people, Caleb. >> Yeah, drugs kill people. [laughter]. >> Yeah. No, I I I got into a nice little. area. Um, it's where they were building. railroads back in the day and uh it's. coming a long way. Um, there there's a.

bar on my block and I hate it. >> A what? >> A bar. I want to burn it down. I hate. it. >> Don't say that. [laughter]. That That is a worry. Okay, listen. You. are passed through on this mortgage for. a shanty for a literal coupe house that. you are now breeding breeding. Your. girlfriend's probably not even willing. to get bred in there because she wants. to move. She wants to flee before her. child ever comes. >> Yeah, I don't plan on having kids in. that house. >> But you plan on renting it, which. doesn't make sense for the median rent. in that area for places that are nicer. So, how how are you?

>> If I can pay a couple hundred a month to. rent it out and then eventually have. some sort of equity in it that I can. then sell it and walk away, I'm cool. with that. I'm not trying to necessarily. make money on the house. I'm trying to. at least break even um at some point. >> Oh, your realtor that helped you buy. this house was your friend. >> Yeah. >> You have bad friends. >> You have bad friends. >> I think I'm just too convincing. >> What? No. >> Cuz she kept telling me But. [clears throat] people, >> you need to look at more. No, she told.

me you need to look at this many houses. And I was like, okay, but I want this. house. >> And she's like, we'll go look at it, but. we need to look at more houses. And then. we looked at a house. We looked at a. house. We looked at the house that I'm. in. We looked at a couple more houses. And I was like, I I want that house. I chose that house. because it was. >> Dude, I don't mind. >> I really don't. Okay. Care Credit. What's going on? >> Okay, so I guess I do have some dog. debt. I had a litter of dogs. Man, it's five.

grand in medical bills. And. >> how is this even worth it to have these. litters? It's It can't be. >> It was at one point supposed to be. It. has not been. >> Well, it was a trend. I love French. bulldogs. But come on. Just like. everything, it was a trend. >> I mean, there were dogs selling for 200. $250,000. >> Yes. Exactly. Cuz you you were in a. bubble. >> Yeah. >> You were in a bubble. >> and it popped. >> Yes. >> Yeah. >> And you still owe on it. And you owe. these personal people friendship loans. as well, right? Still. Yeah, >> of course you do. Did you pay? How much. have you paid back of the 12,000?

>> What? 12,000. >> Purchased a third of your first dog for. 12,000. That's paid. >> How? >> You've made four. >> Swung [ __ ] I mean, I didn't pay it with. dog stuff at that time. I didn't have. any rent. >> cuz I was still living with my buddy. I. was freshly 18. We had just finished. high school. >> Freshly 18. Is this TikTok? >> I was a brand new adult. >> What? Did you get groomed? Like what? No. What the you talking about? Freshly. 18. I'm just being a. >> No one says that for any other age. Why. are you trying to infantalize yourself?

Like I was freshly 18. I couldn't do. anything. >> I was an adult. I spent $12,000 on a. dog. Obviously, I made. >> mistakes. I'm an adult. Freshly 18. A. weirdo. >> So what? >> Cuz it's weird. It's setting up to. infantilize. It is. So Tik Tok. So I was. 18. I didn't have any rent. I was living. with my buddy. We were talking about. buying a house. And then I was like, "Hey, I'm going to drive to the Tri. Cities and pick up a dog." So, I went. and picked up a dog and owed a bunch of. money and so I paid all that money and. then uh bought another dog and took out.

a loan and then bought a house and this. all happened in like a year and like I. was paying off the loan. >> Okay. You still owe $4,763. on this, which by the way, minimum. payment only, which is all you do. >> at like a 32% interest rate. >> Oh, yeah. How long does it take to pay. off? No purchases of which at minimum. you'll purchase during the breeding. >> Yeah, at minimum I think it'd probably. be like 15 years. >> 18 years, dude. What are you? You'll be.

in your 40s. >> What the So, it's not deferred. It's. Well, it was deferred. It hit, obviously. >> Uh-huh. And then you're going to max it. all the way up to the 7,000 when this. new breeding hits as well. >> Yeah, I'm probably going to do that. >> Yeah. No [ __ ] No way. And then you're. telling me you have a plan? your plan. $159 is your minimum payment. It's. insanity. It's beyond insanity. You've. had interest $1,323. this year. >> Yeah. >> For past that [ __ ] of death.

>> This is disgusting including insane and. stupid. Uh there's no fees on this. >> Okay. I So when you miss a payment, like. even by a day, right? If you're a late. fee, welcome. >> I know. But what I was trying to say is. that the late fee on that is the entire. payment for the month. >> Okay. You said I had a plan and you. didn't draw it. Show me the plan. >> Work very hard to not not get the. >> your plan of which you failed. immediately when you told me what your. minimums were cuz you spent more than it. last month by hundreds of dollars. So. yes, tell me your plan. This grand plan,

special plan. >> 4680 is all my bills. I'm trying to. spend 300 a month on food, which. >> what is that on a bill? >> On my debt. >> Mark it. Mark it. Mark this [ __ ] so I. can follow along. I You're just putting. numbers. >> Food. Uh. debt. Ah, >> and just like usual, I'll let you use. the Fizz card cuz at least it's a debit. card that builds credit. >> Yeah, >> like what the Cuz you cannot spend money. you cannot control. I will allow that. >> Debts being credit and all that. 4680.

>> That's insane. 4680 is your credit when. you bring in what did you say? >> No. So 4680 is home. >> Wait, you told me you bring uh $4,158 a. month. >> Yeah. And then my girlfriend pulls in. like 26 27. >> Why does your girlfriend matter? Because. >> why is she contributing to your. business? >> Some of it is her debt. We have a credit. card together and then she also helps. with the house. >> You have a credit card together with. your girlfriend who just moved into your. >> Yeah. So, she has a credit card. I'm on. it. >> Why do you do this with everything?

Everything. Everything you do. You do the same. thing. >> Keep going cuz it's already broken. But. sure. >> Yeah. So, uh, I make 4,100. income. She makes like 2600. puts us at 6,700, right? So, total with. getting by. Okay. So, I forgot gas.

about 300. >> Oh, is there even a point to have this. conversation? It's broken. It's not even. working. But keep going. >> We're at like 52 for to survive, right? 6,700. By the way, the girlfriend. reminder that is providing money to this. and that he's on our credit card with is. married to another man. Just reminding. everyone. Continue. >> So 6,700. We're total looking at 50 to. 80 here. Uh so that puts us at what? 1420. left over. No. Here, let me do the math.

Let me do the math. Let me do the math. Can I see? Give me this. Okay. Okay. Add this up. Okay. >> He doesn't believe me. >> Well, so far it's not working. I'm doing. the equation myself. 300 food, gas, 350. >> I got the tism. I like numbers. >> Oh, yeah. You don't listen to them. [clears throat] Okay. If I if I did my.

calculations correctly, and I believe. that I did. I believe it adds up to you. >> You are, >> dude. You are. And that is the math. And. that's fair. Like, what? That doesn't. make any sense. You spent more than you. made last month. I don't understand this. girlfriend thing. Who even knows if she. wants to stick around? I don't know why. you would, but I I I I Okay. Okay. I. don't know, man. STCU. credit card. >> It's my least favorite credit card. I. hate that. >> Why do we have favorites and least.

favorites when it just comes to your. >> So, I don't spend on it, honestly. Um, the reason that it's over max, the. reason that it's over max is because. overdraft protection and I keep getting. bit in the ass because I. >> Wait, overdraft protection on your. checking account pulls from a credit. card? >> Yeah. And I need to turn it off. I need. to I'm need to take all of my bills off. of it. >> Credit card. >> Well, it's protection on a credit card. >> It's super super because. >> Are you telling me you've had $3,642.76. of arbitrage protection?

>> No. No. No. No. The. >> you not spending on this you. >> It's been a long time since I spent on. it. Oh [screaming] no. I've never seen. this in my life. Minimum monthly payments, no purchases. This takes 45. years to pay off. >> It's predatory. I don't understand how. uh credit. >> you you're the one who set up autodraft. If you got by auto,

YOU'RE PREDATORY. YOU DID THIS. YES. >> $73 monthly payment. >> Yeah. >> 43 YEARS. 45 years. You're going to be 61 years old. You're. going to be 2 years past being able to. take money away from your tax advantage. RETIREMENT ACCOUNTS. >> IF I paid minimum, that is. >> of which you can't even do anything more. if we're being completely honest across. the board. You your mask is broken.

You're dude, you had fees. You have. fees. What's the fee? Oh, c uh what's. the fee? What is it? >> It's a $5 cash advance charge every time. it overdrive [screaming] protects. >> Oh, well, it just occurs on it. >> And the other side, >> you had a $79 cash advance. >> The other side of that is I also get. charged with a $29. overdraft protection fee on my on my. debit [screaming] account. >> Why? Yeah, I ask myself that often.

>> YET YOU DO NOTHING. YOU ASK YOURSELF. THAT AND YET YOU do nothing. You. You're lucky the interest rates range. between 16 and 22%. But even still, you're you're. overdrafting every second of your life. Why are you overdrafting, dick? Huh, dick? Why? [laughter]. >> Because I have too many autopays and I. apparently don't pay enough attention.

enough attention. >> Miscellaneous [ __ ] alone is $51124. Not paying enough attention. You What. are you talking about? >> That's honestly better than I thought it. would be. >> Better that. Oh no. That's the reason. why you're overdrafting. You You're. spending money you do not have. It is. unacceptable. It is disgusting. Who? What is wrong with you? I don't get it. You're over the limit on there. You're. overdraft protection endlessly. Fees,

fees, fees, fees, fees. Did you stop and. buy that? >> No. >> Where'd you get that from? >> Colton gave it to me. It's from the. fridge. >> We have monsters. Usually we're a gamer. company, but I appreciate it in there. because I told him that I like the white. monsters. >> Oh, [ __ ] sake. No more. You can't afford. that [ __ ] either. Here. Free samples. What do you want? You want goof juice? You want. uh Incel tears? >> Sure. Insult Tears is actually pretty. good. They're very goon, but that is. gamer subs. No more buying energy drinks. like that for $3, $4 from the gas.

station. I don't give a what you like. Make a make them a home. 25 cents a. serving. Gamer subs. Link in the. description below. 10% off with my link, by the way, so you can make it even less. than 25 cents a serving. You can also. get your free samples link below. Type. in code Caleb. See what flavors you like. and then order them. Make your coffee at. home. No more [ __ ] spending. Make. your energy drinks at home. No more. [ __ ] spending. This is so stupid. Well, that's part of the [ __ ]. spending this month is we got ourselves. a [snorts] nice new coffee maker. >> Well, that as long as you at least make. coffee at home. Well, how much did that.

cost? >> Uh, all of the. >> Oh, about 300. >> Okay. Quicksilver. What's going on? >> That is our transactions. R is the one. with you guys together. So stupid. Why? Why did we do this? >> Uh, well, she opened it because she. needed to start building credit cuz she. new American. I'm on it because there. was the occasional time where it's like, "Honey, I need to do XYZ." She. >> is German. That's why she looks a little. bit freaky. Okay. No, never mind. She's. not. >> I told you. >> Never mind. She's not She's not a cancy.

person. She's just like deep. >> doing her [ __ ]. >> Deep down in her heart, she still has a. little bit of love for the Furer. She's, you know, [laughter] there's She's just. a bit freaky. She's just a bit freaky. >> Make a lot of Hitler jokes. >> Oh, I'm sure. And um she throws that h. every time she. >> I've tried to get her to. She won't. >> in her sleep. She's a sleeper agent. >> Why are you on it? >> Uh, it was just convenience, you know. >> What was convenient for who and what? >> There were a couple of months where we.

threw a little too much toward our debts. and got pinched and spent a little too. much on some [ __ ] and uh there was a. like I needed gas type thing, you know, cuz I drive about 3,000 miles a month. >> Why? >> Uh, so. >> for the dog [ __ ]. >> No, no, no, no. So, the company that I'm. with, right? So, I'm I'm trying to be. done with the dog [ __ ] okay? I've lost. way too much money, as you're aware. >> Uh-huh. >> So, the company that I've been with, I've been with them for a little over a. year at this point, but when I was. coming up on like my 11th month,

>> uh they told me that I'd be stuck at the. assistant manager position for years. >> Okay. >> And so, I went because they were just. telling me like, "Hey, yeah, we're going. to need you to prove you're able to do. this, blah, blah, blah." And I was like, "Okay, well, then I'm going to go get. another job." So, I went and got another. job, worked there for 4 days, and then. they're like, "Hey, you want a store?". >> Okay. So, why are you driving? >> Because the store they gave me is in. Idaho. I drive 51 minutes to work every day.

and I do sales calls every Tuesday. >> Oh. Oh. >> Yeah. So that's why I went and bought my. little Mazda. cuz my truck gets like. >> ow $2,876.82. on this Quicksilver card, which yes, you. do owe because you're on it, [ __ ]. $109 minimum payment. >> Why are we purchasing on a card that we. can't pay off that is acrewing interest? >> Uh like I said, we just played it a. little too close for a couple.

>> We're above the limit. So she's turn. >> No, we're not. >> Oh, no you're not. I read that by. thought, okay, you're listen, you're. still holding a balance on a card that. you are not paying off that is acrewing. interest and you're certainly above that. 30% utilization that we look for. So, she's trying to build credit. She's her. credit and you're helping to her credit. >> No, the debt the debt to income isn't. bad or the debt to income income is a. piece. This is still a fixable piece. It's not a utilization. >> It's not this is a utilization for dick. This is a utilization. >> anytime past it being built up.

>> Utilization. Yes, it is over 30%. But. once we pay it down, it won't be our. credit. >> Once you do, you are it now. >> Yeah. >> Dick. >> It's true. And we're on the car loan. together, TOO. >> OH, WHY? WHY? WHY? What are you doing this to. this poor German woman? >> I told her that we should get the car. separate. And she's like, "Well, if we. can get it, let's just get it together.". >> What are you talking about? She's. European. >> I don't know, man. I think the new age.

Germans are pretty smart. That's why they stay quiet and they. don't make too many hit. >> That's why they shut down all their. nuclear facilities and they're digging. for coal again. Very smart country. >> I was unaware of that. That's crazy. >> Yeah, tell tell her. [laughter]. >> Maybe that's why she left. >> 16 years to pay this off. Insane. That's. great for her. Got Netflix and Peacock. on this. What the are you watching on. Peacock? Nothing. Nothing. >> I think there's a show on there that we.

watch. >> A show. You don't even know. I think. there's a show. Can't name the show. And. he thinks there's a show. >> It's like $3 a month. >> No, the peacock 10. >> No, we get super big discounts for doing. it on Capital One. >> Okay. $9. >> I'm pretty sure there's a rebate on. there or something. >> Look at it. It is literally right there. >> Huh. Interesting how numbers work if we. just look at that. >> So, there's a there is a $3 credit, but. it's not as cheap as I thought it was. It's 572 after the credit, but that's. >> of putting it on a card even that we are.

not able to pay off that is acrewing. interest and destroying our lovely. German fan of screo. I can tell. girlfriend. >> She likes everything. She even likes. country which I'm. surprised at. >> They usually the Germans do get very. nationalistic. Yes, >> cuz German music is pretty. It was very. selective. >> I don't give a You are destroying her. all for the sake of Peacock and Netflix. It's so stupid. in future projects you're planning to. do. I'm being told we got we got to get.

new tires, home renovations, a new Xbox, traveling. >> We already got the Xbox. Huh? >> We already got the Xbox. >> What is wrong with you? >> Well, the old one broke. and that's our that's our main home. entertainment system. We don't have like. a. >> chcast 30 bucks. You actual You think. you need to buy an Xbox to play your. peacock? Are you stupid? What is wrong. with you? No. Stop. I don't care. You. can't afford it, dude. If you live in a. literal crack den, you cannot get an. Xbox. >> It's too clean to be a crack den. It. might look like it on the outside, but.

it's. >> Oh, big guy. Come on. >> Come on. >> Come on. >> It might look a little bit like it on. the outside, but it's too clean on the. inside to be a crackdown. I promise you. >> FaceTime the German right now. >> No. >> Oh, why? >> Because she won't do that. She'd Well, she's. >> She won't show me around the house. >> No. >> Yeah, I'm sure the crackdown's very. clean. >> We do have 12 animals. Yeah, we're. constantly half. Yeah. >> So, I don't give a. 500 hours in interest this year so far. 28.24% interest rate. Synchrony for why.

furniture row. >> Yeah. >> Had to get furniture for our pets to. destroy. >> No, they are not allowed in the bedroom. for obvious reasons. Um. >> I don't know. My dogs are and they're. fine. >> Yeah, my dogs eat drywall. >> Why are you a bad trainer? Why are you. spending $12,000 on a dog and you can't. train as much as I can? But I have a dog. who will literally push her face up. against the wall. >> Is it the pit bull? >> No, it's one of the Frenchies. Just one. of them though. >> Train. Get a trainer, dick.

>> No [ __ ] And you have 12 animals. Can. you really focus on them individually. properly? >> Absolutely. >> No, you have one. You have them eating. drywall. So your answer is no. >> They don't anymore because I put up like. sheeting. I put. >> That's not training. That is you're. preventing them from getting to the. drywall. >> That is true. Yeah. I Okay, >> like I said, they are very well trained. Generally speaking, I cannot I cannot. get that one dog to stop eating drywall. >> Uh-huh. >> Yeah. If you want to land a highpaying.

job but don't have experience or a. degree, then you need to learn about. course careers. It is the easiest way to. land the highpaying career that you've. been dreaming of. I've done financial. audits for hundreds of people and what. I've learned is that the single biggest. factor someone can take to improve their. life is getting a higher paying job and. that is why I've been such a huge. promoter and even an investor in course. careers. The way it works is you simply. go through an affordable online course. to start a new high-paying career path. They teach many different in- demand. jobs ranging from technology sales to.

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the link below to sign up for one of. their free courses today. Guys, just. real quick, don't forget to take your. Hammer financial score at. calebammer.com. See where you stand, where you got to do better, WHERE YOU'RE. DOING [ __ ] LISTEN, it just takes a few. minutes and it is free. Figure out where. you stand in the world of money. Caleb.com. You owe on this for this. I'm guessing. the bed. >> Yeah. $2,4963. and a month payment $88. >> I was pushing through mattresses about. every 6 months and my back was hurting. >> That's absolute [ __ ] mattress, but I.

know you could get a $1,000 mattress and. be perfectly fine. >> But we got a $2,000 mattress. >> Yes. Which you didn't need. >> so that we could last it. >> They're not a sponsor, but Nectar. You. could have got a $1,000 Nectar mattress. and you would have been perfectly. totally fine. Trust me, I had it and I. was good. And I also the mattress I had. before that made a massive dent. Yeah. >> Like, what the? >> It's purple. >> This is insane. No, you don't need this. Why do you owe $2,496? >> Because we're still paying it off. It's. in the deferred and we're we're putting.

minimums for the deferred. >> Oh, no. We're going to make it. >> Oh, less than a year. You have to or. else that defer. >> we're putting like 200 bucks a month. toward it. And then there's going to be. like a $300 balloon payment at the end. But I mean, that's a pretty small. balloon. >> Oh, I got to pay this off in just about. 10 more payments. 2,4963. cents divided by 10. >> Yeah, this needs to be a $250 minimum to. payment or year. >> I think we're doing 200 or 220. >> Um, >> and then we're going to have, you know, a four or five. >> We'll see, guys. We'll see.

>> And then we have an Amazon card. >> Yeah. >> With a lot of purchases, >> eight years to pay off. >> What's going on? >> Um, well, it started with a couple of. like sort of house necessities and then, you know, it was just too easy to spend. on. Yeah, like we we bought a case for. our watches cuz we got matching. >> Most of that house needs a bulldozer. >> I would love to honestly rebuild on that. property. It's a sweet little property. >> It's horrible. I'm sorry. I'm I'm. I know I'm being mean, >> but it's horrible. It It is horrible.

>> Amazon Amazon think it's that bad, >> dude. It is bad. Amazon Amazon. Amazon Amazon Amazon Amazon Amazon. AMAZON AMAZON AMAZON AMAZON AMAZON. WELL, you're looking on the Amazon card. so far. >> Why don't you pull UP THE AMAZON APP, YOU [ __ ]. >> Start a screen recording. You know what. we'll bleep out. >> Yeah. >> Interest charging like. >> um screen record at 29.99%.

interest rate of death. Death and. insanity. And your friend saw this house and was. like, "Yes, let me go in on this.". >> Yeah. >> Shelves, bank deposit money wallet. >> So, I got paid back for that. That was. for the business. >> Mushroom coffee. >> Yeah, that was also for. >> Xbox Wireless Control. The Xbox worked. Doesn't mean the Xbox controllers broke. >> It did break. >> What did you guys do? >> It just stopped working one day.

>> The controller and Xbox at the same. time. >> No, separately. >> Oh my. There it is. Rockstar Energy. Drink. Rockstar Energy Drink. You. Mountain Dew Kickstarter, you Rockstar. Boom Energy, you. >> I started buying in bulk watching your. episodes. >> We've changed from buying a bulk. Now. it's 25 cents a serving. Make your gamer. subs. You're making your coffee at home. now. Good first step. Make your energy. drinks at home. It literally tastes just. as good, if not better. Cuz we did blind. taste test in our show, Fat and Veteran. Hammer Elite. Gamer subs was like I. think it was at the top. It was time for. [ __ ] good. I tried strawberry banana.

one. >> Yes, it's soing good. Make that. No more. buying a bulk. Make your energy drinks. at home. Again, 10% off. Link in the. description below. >> That Xbox controller. >> There's also a hydration version cuz I. don't drink energy drinks, but there is. a hydration drink version. >> That Xbox controller got returned, which. is why we bought the second. >> Oh, good. Cat water fountain. Well, shouldn't have all these cats. >> There's There's another Well, that Xbox. controller was returned, not the other. one. >> Um, turn started for something I think. watch related. Pet hair, mover brush. Yeah, I guess you need that. >> Trash stuff. Commander 100 plus card.

So, the armor, >> the trash bin, and the armor. >> Armor. What is this? >> They're card sleeves in a card box. >> 100 place uh textured TC. >> I think it's card sleeves. >> Card sleeves. Why? >> From Magic the Gathering. >> Oh, die. Oh, die, buddy. Just die. Well, no. What are you doing, Magic the. Gathering? You already have too much. happening. [ __ ] you. That is not an. option. You don't have the money for a.

hobby like that. You really don't. >> just How much are you spending on Magic. the Gathering? >> Uh I haven't spent much on it in a long. time. >> specifically. Come on. You're buying. [ __ ] right there. >> So the reason Okay, so uh we had a cat. die, a foster that we were taking care. of. Uh we he went through a surgery that. like opened up his rib cage cuz it. wasn't growing properly and I became. really attached to him and I broke down. one day and I was like it I'm going to. do something that I enjoy. So I bought. myself a new deck, bought sleeves, bought a box for it. But aside from. that, I haven't bought magic in like.

eight or 10 months. >> How much did you used to spend eight or. 10 months ago? >> Uh, sporadically, it'd be like $150 on a. box every couple. >> Insane. >> And now insane. >> That deck that I put together cost about. $600. >> Insane, dude. That's insane. >> It's insane. >> $45 minimum payment. $8.99 63 on this. discount tire thing. So, you got to get. new tires, >> but you're getting new tires again and. you haven't even paid off your last. tire. tires for the truck and then they. >> Oh, no. These are deferred interest as. well.

>> Yeah. >> Oh, no. They're due in about 4 months. >> Yeah. >> But we're we're making the payments. >> We're going to have a balloon payment of. like 200 250 at the end. >> How are you going to afford all these. balloon payments? Cuz you keep saying it. like it's nothing. You spend more than. you make. You You are. >> It's cuz we're doing. >> I can't I can't hear this anymore. No, no, no, no, no. AND ALSO, YOU ARE NOT. EVEN CLOSE TO making enough. You made. about a $100 payment instead of the 45, but you need to make a payment of $245 a. month to pay it off. Your balloon claim. is going to be much higher than you're. talking about. Yes. Yes. Yes. I did the. math. I can do numbers. Numbers are in.

front of me. I just typed it in. I typed in the. balance. How many. >> I must have done my math incorrectly on. that one. >> Yes. Yes. Yes. >> For most of them, we're pretty close. >> Well, that one I must know. I don't. think so. You're about to have the. deferred interest hit like crazy because. you did the math wrong if you didn't. come on here. You have four more. payments you're able to make and then. it's done. And that is required of two. TW. Listen, it's the balance 900. [clears throat] If there's four payments.

left, what does it BREAK DOWN TO? 220. >> I DON'T think the balance is 900. anymore, though. >> Yes, it is. Where's the balance on this? >> Oh my death. The previous page, you. right here. New balance 8.99. 63. I die. Best Buy. What? >> Best Buy? >> Sorry. Home Depot. >> Okay. Uh Home Depot was I did a shower.

reno. Um. >> at in that house. >> Yeah. >> Oh, you put money into that house. >> Washer and dryer. >> Washer and dryer is okay, but Oh, I. would get regardless. But you're you're. renovating this house. >> Yeah. The shower was falling apart. Um. it I don't know what the hell they used. to call it. I don't know. >> Have you seen the house? >> Yeah, I live in it every day. >> $81.92. Minimum payment $29. 5 years to pay this.

off. Okay, let's see. >> We're not doing minimums on that though. >> Dude, you say that for every single card. and it's a little more. Just slightly. more. Which also, by the way, makes no. sense. If the strategy is to take care. of deferred interest payments before. they hit, why are we putting things on. um cuz this is this deferred. >> the Home Depot? Yeah. Oh. Okay. $81.92. divided by You need to do this in six.

payments. Okay. It needs to be $134 a month. Why? Why are you You're deferring interest. more than almost anyone I know. >> Why? >> Yeah. Um, it's because I was running. real tight with my previous income and. now that I'm at a point where I'm making. enough. Um, I'm pushing to get it all. paid before the deferred hits, but there. were certain things like I was genuinely. uncomfortable getting into that shower. There was no way that I was going to. shower in that shower. >> house, dude. >> Well, I own it. There's not too much I. can do about the location.

>> barely. So, I got to make sure you. >> own position of like $100 and that's you. being lucky. >> And then you got a Lowe's card as well. also for the renovation. Uh little bit. here and there. Um I bought my. >> You renovated it yourself? >> The shower? Yeah. I have a buddy who's a. drywaller and he helped me. >> So it's also. done by a [ __ ] that's not good. >> A really good drywaller. >> Come on. >> I'm not coming on nothing, man. He's a. great drywaller. >> Lowe's card $542.80. Minimum payment 30. >> So the current owed is for AC units.

>> Oh, dude. This house had nothing. You. put money into this house and you're not. going to pay it. >> Those are window units. >> Oh, great. Great. I mean, there's I the. the only thing that I could do to. actually install AC in that house would. be a mini split, and that is obviously. out of my budget right now. >> This is also deferred, isn't it? >> Yep. >> Dude, when does the deferred end? >> Uh, I think we have had 6 months on it. and we bought those. >> Maybe it wasn't. Maybe it was.

>> the deferred must be done. >> No. >> Um, >> no, I don't think so. >> It's not giving me a. >> You want me to look on my phone? Dang. >> Cuz it'll tell me. >> Yeah, I got it. I found it. >> You found it. >> Okay. So, of the $542.80, you have eight payments to pay that off. So, instead of 30, which you were uh uh. $68 is what you need to pay. Okay. [ __ ] sake. We still have more debt. This is insane. PayPal credit. What?

>> Magic. That is the deck that I just. built. >> No. Magic the gathering. PayPal credit. Dad's. >> on deferred. >> Dude, everything's deferred. [laughter]. That's funny. >> I mean, it's your reaction is funny. My. finances make. >> you my reaction is that because it's. absolutely beyond. >> Yeah, it is beyond That's why. Well, >> stupid $30 minimum monthly payment on. it. Balance 515. Minimum payment wasn't. even made. Why? Okay. >> No interest didn't paid in full until.

>> 6 months, I believe. >> Not 6 months from now. Four. Yeah. >> So 515. and 29 cents divided by four. So you. have to make minimum payments of $129. Oh my gosh, dude. These minimum payments. that you are required to make. So these. do not just get with the deferred. interest are increasing your monthly. budget insanely. Insanely. It's. disgusting. Well, I mean, my numbers. were a little bit disgusting off from.

what you're looking at, but I do have. increased payments for my deferreds in. that 4680 that I was talking about. >> Well, we'll see at the end cuz your math. still didn't make sense to me. But Ross. $90. >> Um, no, it's it's a brand new one. Um, it's I we needed some pants and it was a. 25% off and so I threw it on the Ross. card and I'm just going to pay that off. next month. >> And is this 90 bucks? >> Yeah. >> Why even do that? Wait, why are you. >> Cuz it was 25% off. >> But look how you balloon everything.

Look at the road you go down. Everything. >> I buy at Ross beside clothes and sh. >> I don't know. I don't know. Maybe the. girlfriend wants something like I don't. know. Every time you do something you it. so. >> like there's not a single thing here you. have done right. Including uh doing the. math correctly for your deferred. interest stuff. Yeah. >> Like it's man this breeding thing uh a. married woman. It's just like. everything's wrong. It's all.

fraud repayment plan. >> Yeah. So, my mom had uh like a towbeah. behind smoker that she tried to sell and. um she got sent a check. She cashed it. and they were like, "Okay, we're going. to come pick it up." And that was pretty. much all that happened. And then the. bank called her and was like, "Hey, so. that that check was fraudulent and she. had already spent it. Uh, so they put. her on a repayment plan with 0%. >> her her. >> with 0% interest and I was kind of.

zooming through and I didn't really. realize what I was signing up for, but I. got put on it. >> How how how'd that even happen? >> She was on the phone with them and they. were like, "Hey, is this okay?" Because. I was like, "Yeah, we share we're like. we're on each other's accounts." And I. was like, "I'm not really worried about. it." And then I I ended up on the loan. I I wasn't really aware of it. >> What? >> Yeah. And I didn't even know that. it. with your credit. Are you paying it or. her? >> Well, so I am paying it now because. because I'm on her phone plan and she is. paying for my phones. I am paying for.

them. >> What's your minimum monthly? >> Uh 113, but I do 150. >> This ever hit? >> No. >> Don't Why pay extra when you have. deferred things that are about to come? Why pay a couple dollars extra? This. makes no sense. There is not a single. debt repayment strategy in the history. of all financial education that is put a. little more towards things instead of. focusing all on. >> this one specifically is because she. pays my phones and she wants me to pay. 150 rather than paying 150 for the. phones. If I paid 113 on that I would. have to pay her the difference for the. phones. So it's just one of those things. that like.

>> oh so stupid. >> Yeah. >> So. >> that one is very unfortunate. >> and I think that one to my credit cuz. people see fraud repayment plans. >> That's the car. That's one of the cars. >> 8% Mazda. >> Yeah. Uh what's the balance that it. shows on there? >> 32,000. 297. >> I canled my uh protection plan, my. 7-year warranty thing cuz it was scammy. And it extended my loan by X amount of. years. So, I'm actually 26,000.

>> Okay. So, $26,000. Does that affect your. minimum monthly payment? >> No, I am still at the minimum monthly. It just takes my loan. >> And what is your minimum? 502. >> and some change. >> You have seven cars. >> Yeah, >> dude. I I I I'm losing it. I'm losing it. with you. >> Like, you can talk some things. correctly, but then your life is just an. absolute mess. You have nothing correct. You're able to You're in the world where. you're able to speak correctly, >> but you don't do anything. >> Three of them even run. >> Okay. What do you think this car is.

worth? Uh, I think that it blue books. for around or I use uh NADA usually. I. think it's around 22 and a half. >> 22. $52 minimum payment. Why do we have so. many cars, dude? >> So, I have a pension for pain. So, I. have two old Jaguars and then I bought. uh. >> Why though? >> Well, because I had one when I was a kid. and I sold it. >> So, why did you get two? Well, I bought. the one because I was like, "Yes, this.

thing is super clean. I can get it for a. good price. I'm going to buy it and I'm. going to work on it." And then my. girlfriend was like, "Well, I want one.". >> Dude, you guys are soing weird. >> But I bought the second one for $50. >> Yeah, it was a theft recovery. >> Does it run? >> It will run if [laughter]. if somebody put a little work into it. I. >> Who's that? Somebody. >> Not me. I'm That's the only one that I I. want to sell. >> Hers? >> Yeah, cuz she doesn't want yours. >> No, she doesn't want it. Sell the other. ones. Sell the other ones. I'm not. selling Jag because it's too pretty.

It's too perfect. It is. >> No, you have other cars other than the. Jaguar. Sell the other ones. >> So, the Cadillacs are a special. >> Oh my. What is wrong with you? [laughter]. >> I like turning wrench, man. >> Okay, let's see. We have uh a Blazer. worth 2500. >> that I inherited. >> Chevy Avalanche worth 9,254. So, that one I bought sight unseen for. $6,000. Um, she told me she had a truck. for sale with 66,000 miles.

>> What's the state of that car? >> It's beautiful. >> Or who drives it? >> Me occasionally. >> Sell them. >> No, I need to be able to tow [ __ ]. >> Why? >> Because I have a bunch of project cars. that. >> You do not need to tow [ __ ] And you're. giving up your project hobbies to pay. off your debt and clean up your life. And then you can get into hobbies. your. hobbies. I don't give a hobbies are. expensive. You can get rid of them now. You can start paying off debt.

>> I'm not getting rid of the Jaguar. >> Then what? I didn't say the Jaguar. >> And I don't really want to get rid of. the Cadillacs either. >> I don't care. The Jaguar. I'm giving you. that as a compromise. Do you ever see me. compromise on this show? >> Not very often. >> Good. I'm letting you keep the Jaguar. Sell the other cars. Liquidate. everything else other than the Jaguar in. your car. And how much could you get? Um. I. one two three. I optimistically if I were to wait and. wait on the truck.

>> How much? >> I could [snorts] probably pull like. 19,000. >> Good. Do it. There's no reason not to do. it. Do it. You can get into the hobbies. again. Cars will always exist in cars. forever. You're not getting rid of the. Jaguar. >> The truck is one of,50. >> Huh? It's one of,50. over four years. They. >> Okay, then there's,50. I don't give a It. means nothing. You have debt. You are. one of one. You. >> take care of your life, buddy. You can't. have this. This is a a shortcut that I.

don't want to abuse it in a way that you. don't change your behavior, >> but just use this opportunity. Use it. There's no reason not to. >> I won't ever see that truck again. I. >> That is That's a lie. That's a lie. There are they're out there. >> There are less than 1,200 exactly from. 2002 to 2006. They're not exactly. [ __ ] running around hobby searching. for it when you can financially afford. it. Right now, it gets you out of a. death spiral. Death spiral. Your math.

that you gave me didn't make sense in. realizing your girlfriend who's not even. in the fault of this. It makes no sense. It's time to take care of your sh. It's. time to grow up for the literal first. time in your entire life. And sometimes. that requires sacrifices. This is a. sacrifice. You are taking a sacrifice. Also, it's a truck. Who gives a? It. doesn't matter. It doesn't. It doesn't. matter when it comes to your girlfriend, when the animals, when it comes to your. life. It does not matter. You're being a. selfish prick. Stop. This is a. sacrifice.

You're willing to sacrifice your. girlfriend's income to bail you out. instead of you actually taking care of. some [ __ ] and sacrificing some things. you like. It's disgusting. It's. disgusting. It would pay off the first. four or five cards we talked about. today. Like that. Stop being a selfish. prick, [ __ ]. You went and got some energy drinks. Energy drinks. [ __ ] [ __ ] Um. Uh. [ __ ] for the car. [ __ ].

Oh, what? I don't know what Cell Ace is. >> Uh, that is just the Ace near my work. >> Ace. >> Ace Hardware. >> Oh, so probably [ __ ] [ __ ] Uh, [ __ ] Domino's. >> So, a lot of the Ace charges were. actually cashbacks. >> You go to O'Reilly every 30 seconds. >> Yeah. >> [ __ ] [ __ ] [ __ ] [ __ ]. [ __ ] Energy drinks. [ __ ]. Microsoft Ultimate. You vapor. What is wrong with you? You do not do. one thing correctly in life. [ __ ].

Little Caesars. [ __ ] [ __ ]. [ __ ] Card payment. [ __ ] No. No. No. ATM withdraw $480. No one knows. where that went. >> Uh that I believe was moved to another. card for uh bill. >> $27. And this went down substantially. So savings. Nope. And this is [ __ ] [ __ ]. [ __ ] [ __ ] This is [ __ ]. stupid. [ __ ] ATM withdraw. I don't. know. Going to the strip club every 5.

seconds. >> No, a lot of that is because I have my. uh paycheck split into four different. cards. So that it's. >> BS BS BS. Roundt Pizza. BS. BS. You're. stopping in and getting BS every second. of your life. BS. BS.BS. Nothing in savings. Oh, this is so And. another account. What's in here? Okay. Check account. [clears throat]. >> Pretty much just for the car. The car in. the front. >> [ __ ] [ __ ] [ __ ] [ __ ]. [ __ ] [ __ ] It's all Oh, good. Our investment is $177. >> So, I sold that and put it toward debt.

That's. >> Yeah, sure. >> Drop in the bucket. >> $20,000. Sell the car. Keep your jag. I'm okay with it. Take. that. I never give people that. opportunity. Take it. Or just, you know. what? I've been through this. I've. gotten people through the sacrifices. If. you don't want to do it, don't do it. And you can and you can live your sad, miserable life. >> Pretty happy. Generally speaking, the. finances need to be. >> You're coping coping.

I am tired of a lot of my money going. into. >> [ __ ] done. But you have to take. sacrifices. Income 4158. >> Okay. The mortgage is $1,933.32. Second time someone's chosen dogs over. paying their mortgage, by the way. But. whatever. Let's get the rest of your. debt payments. And I'm doing this. What's minimum. required to pay off the deferreds in. time? Cuz we don't I don't want to. ourselves. You have so many to defer.

that this is going to add to a. substantial number. >> Yeah, it's going to be a rough couple of. months. >> Okay. Minimum payments. It's essentially equal to your mortgage, which is crazy. $1,950. Gas, electric, utilities, all that combined. How much? >> Uh, we budget for 300, but it's usually. around 250 275. In the winter, it's. about 300. >> Okay. I'm saying 300. Phone bill. Switch. to helium once. You have to take care of. your own phone if T-Mobile's good in. your area. >> So, we need to pay off our phones before. we can switch. Yeah. And I also get you. a course career certification as well.

Keep adding to your resume. Keep getting. those raises and transfer to a local. store hopefully. >> Yeah. Working on. >> gas approved from drive drive. >> I say 300 a month. >> Car insurance is. >> uh 302. 304 somewhere. >> How do groceries work in this house with. you and your girlfriend? >> So we try really hard to stay around $20. a month. Um it's one of those things or. sorry $20 a day. Uh 600 a month. >> Okay. You can contribute 300 to the. pile. TP fund. Anything else you need to. survive? $100. medical, healthcare, are. there co-pays, monthly basis to do.

therapy or anything? >> When I left my my work, >> I don't care. Are there monthly co-pays? >> There will be. We're in open enrollment. right now. I don't know. I literally. opened today. So, >> I'll 150 bucks towards it subscriptions. I'll try 30. Let's see what happens. What are we doing? How much is pet food? >> Um, say 120 bucks every two weeks. >> Uh, we get a lot of free stuff because. she. >> Now, how are we doing pet insurance? I. don't have pet insurance. >> and I don't know if we could possibly. budget this for the 12 I mean we're.

talking we're talking $600 a lot of that. is sort of free because she works at the. uh rescue. >> big guy you have that debt clearly it's. the breeding stuff. >> whatever you can I don't even think we. could afford it anyway which makes it. irresponsible for you to be a pet owner. if we're being honest because if we add. up the two things of minimum payments. you're already done you're already. >> so I don't know how you do any of this. so how much does your girlfriend. contribute to the debt payment payments. >> I mean, she contributes the gap. basically. So, like I I for the most.

part take care of all the payments. She. takes care of. >> So, $1,915. plus $1,933. What was that? 32 plus $300 plus $300. plus 302. plus 300 + 240 + 100 + 50 plus 30. Okay. Wow. Well, your gap just to break even. is literally needing $1,312.32. So, she provides that plus takes care of. her portion of the groceries and her.

bills cuz that's literally the gap. >> So, the credit card that we have. together is pretty much her only bill. >> Good. Uh, okay. Okay. Well, so she she's. willing to provide $1,312. just to break even, not even make. progress. cuz that break even remember. takes about 45 years. >> So once all the deferreds are gone. though, which will all happen in the. next year, then it'll be a much better. situation. >> Yes, you will snowball. You will. snowball at that point. Once that's. done, I mean, it's still probably like a. 5year process, sixear process, but what.

would I would do instead? Yes, dude. What I would do instead? 19,000. Take it. That pays off. Um, well, let's. see. Let's see. 240. Okay. So, we have. total. >> Let's budget 15,000 for the vehicle. Let's. >> Okay, fine. Fine. >> Just because I want to air on the I want. to air on the side of caution to get. that $19,000. >> We're not airing on the side of choosing. not to sell. >> I would have to wait on the truck for. like a year. I mean, that's a rare rare.

buyer. That's why I'm saying 15 is what. we should aim for. >> Dude, literally, your bad debt outside. of your car and mortgage is 21,540. You. can wipe it out and then we're done. You're not breaking even anyone. Okay. Off. This is as clear as day. This is. the easiest thing. You can take care of. this tomorrow. So, I'm done. Listen, Ali's help this guy out by We are going. to call his long lost friend in the post. show and we are going to we're going to. No, no, we're going to do it right. We're not going to do it in a way. We're. going to do it rekindling. I want to be. actually serious about it. We're going.

to do it very real. So, we'll do that in. the post show. Join Hammer Elite and. watch that. Let's get the Hammer. financial score though. Spending in a. budget, you overspend zero out of 10. debt, no. collections. But all this together is. horrendous. It's about a 1 out of 10. Emergency fund, I didn't see savings, 0. out of 10. Uh retirement, there was. nothing. 010. Real estate, you don't. have an equity position. Interest rate. isn't the best, but I mean, it's also. not the worst. The house itself is [ __ ]. It's going to be impelled, [music] one. bath. It's It's not great. I'm going to.

say three out of 10 on the house [music]. score. Closet's not really going to help. build that up much. I'll tell you that. Hammer financial score round up one out. of 10. Get yours at calebhammer.com and. make sure to join Hammerly to get an. extra 20 minutes of this episode and. every other episode and three premium. shows posted every single day. Monday through Friday. I'll see you in. the post show. It's going to be a very. interesting one. [music] I know it's. going to be awkward for you. I know it's. going to be weird for you, but I think. you should call. >> I was intending on after getting all my. sorted walking up and handing him. $6,000.

>> No, this is your friend. I don't care. about the money part. >> I don't think $6,000 is a reason to lose. a good friend. >> Give him a call. >> Oh, here he is. What's up? >> Camera Elite is the best YouTube. membership on the platform, and I just. upgraded it. New dedicated premium shows. every single day, Monday through Friday. Join with the link in the pinned comment. or description below. This is the best. membership you'll ever join, and that's. a promise.