$350,000+ Of LGBT Debt | Financial Audit

You live at home as a 30-year-old. I. don't give a [ __ ] about your Mustang. >> That's a pretty nice Mustang. I'm not. going to lie. >> I told you you're a bad. >> The MX card, I only got that because. it's an MX card. It's an MX gold. >> What? What the does that even mean? >> Like a cool status symbol and all that. kind of stuff. >> What are you talking about then? >> Credit Karma. You know, I was I saw it. as. >> You saw it on Credit Karma. So, it was a. cool status. You're not the alpha you. think you are. >> Hammer Elite is the best YouTube. membership on the platform and I just. upgraded it. three exclusive dedicated. shows every single day, Monday through.

Friday. And for this final week, I'm. paying for you to sign up. Sign up for. Hammer Elite in the description or pin. comment below and submit proof of. purchase at hammerite.com. After that, I'll send you a $10 digital gift card. that can be spent basically anywhere and. in most countries. This is the best. membership you'll ever join. That's a. promise. >> Hi, my name is Trey. I'm 30 from Tampa, Florida, and this is Financial Audit. Welcome over from Florida, sir. So, what. are you doing in Florida for a living?

>> So, I work in marketing uh for a. telecommunication company. Okay. >> And I've been doing that for a couple. years now. And. >> good. What are you making? >> So, it's about 875 is what I make. pre-taxed. >> That's great. >> Yeah. >> What is going wrong? Cuz that is great. What hits your account on a monthly. basis? Uh. >> so, it's about five grand a month. >> Okay, cool. Well, yeah. Okay. I mean, are you getting some heavy. some heavy hits? >> You know, I mean, 5,000 a month.

>> Yeah. So, that's going to be after any. sort of uh deduction. >> No, actually, that makes sense. No, that. does make sense. So, how you living on. 5,000 and and Well, Tampa Bay, it's not. uberly cheap, but it's also not like the. hyper most expensive parts of Florida. So, >> it's pretty expensive, actually. >> Pretty expensive, though. >> Yeah. I mean, you know, comparative to. like other places like Orlando or Miami. I mean, it's up there, man. >> Really? Compared to Miami. >> Yeah. Orlando. I would definitely say. yeah. >> I mean, recently they were saying that. it's like $90,000 for a single family. home, you know, for the income. So, you.

know, >> good news. You're at 85. So, what is. actually the problem? What What the is. going on? >> So, you know, as we take a little deep. dive and what's going on? I'm sure. you'll see it. Um, but I do have kind of. a housing situation going on right now. that I hope to. >> what? >> So, it's kind of a house that's on the. verge of foreclosure. >> How are you on the verge of foreclosure? So, >> I wouldn't be laughing, but I appreciate. it. >> No, I I don't want to laugh about the. situation. Uh, it was kind of. unfortunate. It's with an ex and all. that kind of stuff. And, you know, the.

the mortgage went unpaid for a couple. months, uh, because she was limited in. it by itself. >> Yeah, >> I was picking up he vibes, but that's. okay. Keep going. >> Um, you know, it's just, you know, I'm. confident about my manly self, you know, got a skin routine, so. >> that was not why. >> Yeah. No. Uh, so yeah, I mean it I love. being in the area, but you know, I. didn't like the relationship, so I had. to move out and. >> cuz she was a woman. Yeah. >> Okay. So, >> you guys got it together. Is she on the.

mortgage? >> Yeah. So, basically what happened? >> If she was on the mortgage, then why why. wouldn't she want to not her credit and. pay parts of it, you know? >> Okay. Actually, yeah. Just tell me. what's going on. >> Yeah, I'll tell you what's going on. So, we bought the house. >> You just hit me with one of these. I I'm. telling you, man. So, I bought the house. in August of 2023 with her after we had, you know, a minor breakup. We got back. together and I was like, "Hey, you know, let's let's buy a house, built some. equity.". >> Minor break up. Yeah. How long? >> Uh, probably a couple months. >> Couple months. Just wanted to bottom a.

little bit. Yep. Okay. >> Yeah. Just, you know, like 2 months, whatever. So, when we got back together, I was like, "All right, you we need to. start building some equity eventually.". And, you know, the housing market is not. going to get any better. So, might as. well buy a house. We'll build some. equity and whatnot. Yeah. So anyways, >> I'm sorry. I don't know if you said it, but though how long were you guys. together at that point? >> It was a little over like 2 and 1/2. years. >> Okay. 3 years. >> Why not marriage then before getting a. house together? >> I was a little skeptical about marriage, but I wanted. >> then Yeah, let's get on a mortgage. together. >> I know. Yeah. So, so it was just kind of.

in the moment I was like, "Hey, man.". You know, let's uh. >> even calls her man. He's really dreaming. about it. So, when we bought the house, uh it was. up in Holiday, Florida, which is. actually not the best uh city or county. whatsoever, but you know, we got what we. wanted. It was a three-bedroom, two bath. with twocar garage. >> Yeah. But that's not spur of the moment. You still have to look for a house. >> Yeah. Yeah. >> You still have to apply for loans, find. the best rate. That's not just an. immediate thing. >> Yeah. So, we we did some searching for.

the houses. We spent a couple months. researching uh and, you know, we came. across this house and had everything. that we wanted. Why did she want to get. into this with you? Did she see. marriage? >> I think she did. >> So, why did you her over like that then? >> I didn't think I [ __ ] her over, you. know. I had the You. >> Yeah. I mean, I bought the house with. the intentions of being there, you know, for a long time. >> Okay. But the house, not the relationship. >> Yeah. So, we lived in the house for a.

couple months and then we ended up. breaking up. So, it just was. >> It was a couple months. And to be clear, both of you on the mortgage. >> So, yes, we were both on the mortgage. because I had a co-sign for. >> Yes. Well, I'm still on the mortgage. Yes. And so, she's still on the. mortgage. >> Yeah, she's still on the mortgage. >> When did you guys break up? >> It was April of 24 if I'm not mistaken. >> Okay. So, over a year ago. >> Yeah. >> Decently over. Like a year and a quarter. ago. >> Yeah. And the issue that we had with it.

was I I wasn't on the deed. She was. So, I had no ownership of the property, but. I was tied to it through the mortgage. >> Interesting. >> So, we had this verbal agreement that. she would live at the house, continue to. pay the mortgage, and that's how it was. for, you know, up until the early 2025. >> Okay. So, who moved out? >> I did. >> What What's your living situation? So, are you paying double rent? >> No. So, actually my parents are very.

>> You moved in with your parents at 30? >> I did. Yeah. Yeah. I love saying that. >> Hey, ma, can we get some meatloaf? >> No. So, >> yeah. >> Um, so they have been very fortunate and. letting me live at home and that's been. able to let me build some cash to. >> Wait, why is the house not sold? Did you. guys want to sell the house? >> Have you seen the market recently? >> It's not great, but if if you're about. to get What would you rather do? Sell a. house or get foreclosed on? >> Oh, I would love to sell sell the house. >> Why haven't you guys sold the house? >> Uh, it's on the market right now. >> It's on the market right now. Oh, price.

cut $10,000. I just pulled it up. Yeah. small house under 1,500 f feet. That. makes it definitely harder to sell for. sure. >> Yeah. And the whole neighborhood is for. sale. The whole neighborhood. And it's it's. >> Well, is that in a literal? >> Not in a literal sense, but there's. multiple homes like listed for that in. that. >> No, I mean Texas and Florida have a. supply surplus for sure. So, uh falling. housing. We just hit literally this. morning record high housing prices in. the United States. Well, Florida and. Texas are falling because we're allowing. builders to build in those places. Yeah.

Yeah, I mean it looks honestly kind of. like a not great place. >> And I get I get weekly updates from the. realtor and they always tell me, "Hey, you know, there's x amount of views over. the past week. There's been this many. sales.". >> So, what's this foreclosure risk? >> Oh my gosh. Okay. So, what did you buy. it for? >> So, we bought it at 350 and that we. bought it for 350, which by the way, it. was. >> listed for at that point. >> 335 when we bought it and then we had a. down payment. And you guys listed it for.

sale 385. Dropped it to 375. Now 365. That is showing to a buyer that you are. willing to drop it to about 335. >> Yeah. And I hope that doesn't get to. that point cuz at that point we would. rather do a deed in L than. >> Why did you guys Why did you guys break. up? >> So the reason why we broke up, uh, we. just weren't seeing eye to eye. We had. different paths. right after you guys. moved in together and got on a mortgage. together. >> You know, it was kind of one of those. things to, you know, maybe this is the. spark that we needed to get into a house. and continue the relationship. And. >> you told Lindsay you guys got into a.

scuffle. >> We did. Yeah, we did get into a scuffle. And. >> you and a woman? >> Yes. Me and a woman. >> Into a scuffle? >> Yes. Into her? >> No, not a physical scuffle. I would. never beat a woman. >> Oh, what? What the else is a scuffle? >> A verbal argument. What do you mean? I don't think that's what a scuffle is. >> We had a verbal argument and. >> okay about what cuz this is a that was. such a big decision to make when you. guys are on a house together.

>> When you deal with a person who is so. ignorant of the situation and they're. just not seeing Yes. Yes. >> And they just don't see eye to eye and. no matter how much you talk to them it. always leads to an argument. >> You don't want. >> What were we discussing? So it it could. literally be anything. And you know, it. was just being with this person was so. annoying. And it was just I could not be. with her. >> The person he was with for two and a. half years before getting on a mortgage. with her and then broke up after 2. months of closing the house. The are you. talking about?

>> At the time I was like, I need. >> you decide you were breaking up with. her. Was it before the mortgage or after. the mortgage? >> It was after the mortgage. >> Really? And how quickly did you break up. after deciding you were going to break. up? >> It was in 2024 when I decided to. >> She lives there now? >> No. So, I I didn't get to that part. So, 2024 happens. She gets a tax bill for. $5,000 because escrow tax. Okay. Promise. >> Yeah. Because Yeah. So, they hadn't been. collecting enough for escrow. So, there. was a tax bill of $5,000. >> and she had no idea about this. She was.

not educated on it. So, I. >> Well, yeah. I mean, it probably jumped. up because of new purchase. I'm sure. they were homesteading before. >> Yeah. And so, she never filed for. homestead. And. >> what in 2024 did Wait, how long was the. house owned at that point? >> So we bought in August. So what is that? >> Would there have been homesteading at. that point? I'm just talking it probably. jumped up from the previous owner. The. assessment from the previous owner and. they falsely assessed it from the. mortgage. >> standpoint. Yeah, they very well could. have been. I had no idea. Okay, keep. going.

>> Yeah. So we ended up breaking up and she. got the tax bill and she reached out to. me and she's like, "What is this? Why is. the mortgage payment going up a couple a. couple hundred bucks a month?" And. >> what is the mortgage payment? Uh after. the hack bill, $3,400 a month. >> now. >> $3,400 a month. >> Well, the is your your rate? Yeah, the. property tax must be substantial. That. is Yeah, that's not great. Okay. >> No, it it wasn't good. And prior to the. tax bill, it was about. >> You couldn't afford that on your own for.

sure. Okay. >> No. So, it was about $2,800 prior to. that. So, I was giving in about $1,600. uh for my half including expenses. And. >> I'm gonna call her in the post show. >> Good luck. >> There is no way around it. >> Good luck. >> Yeah, but I want to hear her perspective. cuz you essentially called her. She was. like, "Oh, she's a ignorant.". >> And I had to break up with her because. >> I'm not going to lie to you. She is, you. know, she is kind of a [ __ ] to deal. with. And you know, we're still dealing. with the uh price cuts of the house. And.

I told her, I was like, "Listen, this. house is going to end up short selling. or it's going to go a deed and lose.". >> And what's her philosophy of the current. sale? >> She doesn't care, honestly. And and this. is what I was going to cover. So, in. February of this year, um she just. completely stopped paying the mortgage. because I told her like, "Listen, >> what the. >> Yeah, it was January. I told her like, "Listen, this is a good opportunity for. us to look at selling the house. Um we. obviously are not going to keep this. We. can go on our separate ways and there's.

no. >> What's y'all's relationship right now? >> Uh, we hate each other. >> Oh my Why? What is with these toxic. breakups? I'll never get I've never had. a toxic breakup. The is wrong with you. people? >> But I'll be honest, Caleb, I'm glad that. that relationship happened because of. the current relationship that I'm in is. probably the best one I've ever been in. Not improbably, it is the best. relationship that I've been in. >> Okay, he's finally taking it up the ass. and he's super proud of it. Okay, we all. get it. >> No. So, um, after I told her that like, "Listen, we got to sell this house and.

she had this recommendation that, uh, her friends could move in and they would. pay rent and that I just needed to help. putting together a lease agreement for. renter." And I told her, "Absolutely. not, because then we're liable for all. the stuff that happens if something. breaks." I'm like, "No, you can't afford. this. You can barely afford an apartment. on your own. So, why do you think that. being a landlord would be a better. decision?". >> Yeah, I mean, it's hard. I can. understand the desire to temporarily do. it until the market recovers in the. area. So, it's not it's not like the the.

ultimate worst take, but it definitely I. mean co-ownership and a mortgage. together, co- landlording, broken up, combative relationship, then having to. actively manage it yourself, unless you. get a property manager, which would take. about 10 to 15%. But even still, it. might not have been the worst option. >> Well, I mean, and that could be an. option, but after I had mentioned that. to her, I was like, listen, this is not. going to work. whatsoever like we need. to sell the house. I was not in a. position to say anything because I.

wasn't on the deed of the house. So, I. couldn't list it for sale. After that. communication, she completely stopped. talking to me whatsoever. And then. that's. >> why. >> I don't know. >> Oh, come on. Why? >> Why? >> Connect some dots. >> No, I really have no idea. After I had. mentioned that, it was about a couple. weeks later, I was at an event and I got. a notification that my credit score had. gotten a huge impact. And it was because. she had missed the payment. >> So you pay her and then she makes the. full. >> Yeah. So I would pay her my half. It was.

the six. >> retribution. >> whatever you want to call it. >> Well, I don't I don't know. But I'm also. only getting your perspective. And no. offense, but I don't trust most people. on the show. >> So her name was on the utilities. Her. name was, you know, on the deed and the. mortgage. So I would just send her my. half and then she'd make the payment. >> Yeah. And I understand you're making it. all about her, but listen, you'reing. horrible debt. So this obviously you are. not good with money. on like uh I'm I'm. just uh hyper skeptical of what you're. saying. >> Yeah. >> Okay. Maybe she accidentally missed the.

mortgage. >> Um well, no, she didn't accidentally. miss the mortgage. She wasn't paying it. on purpose. >> I think we're at uh 3 months. >> currently. >> Yes, currently. It's still unpaid to. this point. >> Have you contacted the bank? >> I've contacted the mortgage company. multiple times. I have explained the. situation multiple times. She had. finally reached out to me about 3 months. after the mortgage not being paid, saying that the house is now vacant. The. keys are on the table. I don't give a. what you do with this house.

And the very next day, >> my parents and I, we went up to the. house, we secured the keys, we locked. the house down, and I said, "All right, I need you to be in communication with. me because we need to transfer the deed. from your name to my name." to which she. was cooperative in that capacity. So, she signed everything over after a long. battle of, you know, >> Well, good. Okay. So, now the home's. listed and it's going down in value. Uh, and you're obviously going to be on. >> at least under your purchase price. So,

how much did you guys put down? >> Nothing. >> Okay. So, you're going to have to where. are you coming to put the extra money to. pay off the debt when the house is sold? >> That's kind of where we're at right now. Um, you know, as of last week when I. contacted the realtor, they they brought. it up to me. They're like, "Hey, you. might have to come, you know, with some. money to closing, uh, you know, if we. end up short selling this property." I. was like, "All right, >> you're going to have to come with a lot. of money, and you're already in. horrendous debt, dude. You're already in. horrendous debt." How much bad debt you. think you have? >> How much bad debt you think you have? That's outside of the mortgage, big guy. >> Honestly, I think it's uh about $40,000.

all together, if I'm not mistaken. >> $54,000. They don't even know. How are. you coming up with an extra 20, 30, $40,000 to finish this thing out? >> What the you talking about? you don't. it's like 6% for realtor and then um. you're going to sell and then you got. the closest. >> you're going to sell under your purchase. price and you don't even how far this is. going to fall before you actually get a. buyer right now it's a buyer market more. than it is the sellers market. >> and I agree with you on that you talking. about you don't know how much instead. >> okay what are you going to do what are. you going to 100%.

>> if I have to do that then yes I would. >> and that's that's kind of what I that's. where I'm at right now and that's what I. think about. >> why are you against the potential rent. give up 10 15% let a rental property. manager So, let's say if, for example, that you get somebody to move into this. house. They're not going to pay $3,400. for a rental like that. >> No, you're going to still have to. probably pay at least rent uh half, but. then you might be able to eventually. sell this at some point of profit, market recovery. If rates go down, buddy, I bet that market's taking off. >> I agree. Yeah. No, 100%. And the problem.

is is let's say I do get a renter in. there and the house sells within 3. months. What happens then? That person has to move out. The house. is staged ready and we are constantly. having open houses to get people to. come. >> Doesn't [ __ ] matter, buddy. You've. already dropped it by what, 20, 30? It's. probably going to be another 2030 from. there. I just Okay. >> Yeah. I It's not It's definitely been. one of the worst financial mistakes that. I've made. And I. >> Yeah, you broke up with her immediately.

No [ __ ] But again, I feel that's the. I understand. Okay, maybe she is a bit. of a bum and she this situation, okay, for the past few months, but that still. doesn't excuse you for $55,000 of bad. debt. Why the are you in so much bad. debt? >> A lot of it came from my 20s, if I'm. being honest. And there is. >> Okay, then why is it not gone? >> Because. already happened. >> I was definitely spending way more than. I was. >> in your 20s. Okay, you're 30 now. So why. is it not gone? >> I'm working on it. You know, I don't. think so. I bet you're continuing that. >> Yeah. I just don't know what to do with.

it. >> You don't know what to do with your. debt? No, I just don't know how to pay. it off or the right right way to do it. >> It's putting money towards it and. cutting back on [ __ ] What's the. complication? >> So, I'm just trying to figure out the. right way to do it. Um, you know, I've. heard these different meth methods like. the snowball method and the avalanche. method. Um, but you know, like honestly, I'm not sure where to start with it. >> Well, they told me you're trying to. invest all your money instead of paying. off your debt instead. Yeah, >> that's what they're typing to me right. now. So, that's actually a lie. It's not. your lack of understanding on debt. payoff strategy. you're just throwing. all your money towards investments,

which doesn't make sense cuz what the. [ __ ] are you getting that's going to be. more than a 30% interest rate on? >> Well, I'm trying to, you know, work. towards retirement cuz I mean, if you're. getting your 8% from your S&P and you're. maxing out your your Roth, is it 10 now. or is it is it eight? Cuz I've kind of. heard both. >> Overall market's eight. >> So, we'll do an average of nine 9% and. all that kind of stuff. So, if we are. investing that, it compounds over time. It. >> sure does. So, does that 30% on your. credit card? >> Yeah, but obviously I plan on paying off. my credit cards before I'm 60. Obviously. Yeah. But yet you have not.

>> You're not. What's bigger? 30 or 10? I'm. so confused. What's going to compound. more? >> Obviously. >> Okay. That is going to compound more. >> That's true. That's true. >> Okay. So, what the [ __ ] are you doing? Why would you not be paying off a higher. interest rate debt than a higher. interest you're getting on the returns. for your investments? >> Because I have to work towards. retirement. >> I agree. So, pay off your high interest. debt. Get a fully funed emergency fund. And then. >> if I pay my cards off, then I have. nothing. But if I if I'm putting towards. my retirement at least it's investing in. the stock market.

>> Yes, it is. But you're still losing more. money net. >> Well, I plan on paying off my cards. before then, Caleb. >> Oh, no, no, no, no. This is the money. over time, buddy. You're not making up. the difference. You're not making up the. difference. If you pay off your credit. cards now instead of losing 30% for the. next 10, 20 years, you can then throw. the money in the market and let that. grow afterwards after that's paid off. >> Yeah. Well, you know, I plan on making. more money as I get older. So, I mean, I'm going to be able to pay that off. faster, right? >> Or you'd be able to invest more. I'm.

confused. >> If it was a 5% interest credit card, you're right. It's not. >> I don't really know much more about. investing except for retirement, like. S&P and all that kind of stuff. >> What What's the the the What's the. question? What's the point? I'm. confused. >> Yeah. Well, what I'm saying is like. you're you're saying invest more, but. how do you invest more beyond your 401. or not your 401k, your Roth IRA? Roth. IRA. >> What about your 401k? >> Well, right now I actually don't have a. 401k. >> Your business the the the business you.

work for does not offer. >> They do offer it. Yeah. I just. >> Well, I think you just answered your. question. What are you stupid? I'm so. confused. I mean, you just you know the. answer. That's the answer. >> Yeah. But I, you know, I'm really trying. to look into like other options. I just. don't know what's. >> other options. >> Other options are retirement or. >> What are you talking about? I don't know. what you're saying. >> Yeah. Well, that's what I'm trying to. get to. Okay. You said, "I don't know. other than my IRA." Okay, we know. there's a 401k. Okay, you didn't sign up. for the answer is the 401k. What's this. other thing you're looking for? >> So, let's say like you max out your.

401k, you max out your Roth IRA, >> then you're on the right track. >> What's that? What's after that? >> Well, you can also just open up an. individual brokerage if you want. You're. not going to necessarily get certain tax. advantage things there, but even still, you can grow. But if you're maxing out. your 401k and your IRA at your income. level, you're putting enough towards. retirement you don't need to put extra. Let's talk about student loans. I know. it's something we all want to avoid. talking about, but if your private. student loans are crushing you, Y refi. might be exactly what you need. They. don't rely on your credit score alone. They look for borrowers who have the.

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work towards at that point? >> Fun. You get to have fun. But that's not. where you are. You have $55,000 of bad. debt. So, what the are you talking. about? That shouldn't be the concern. regardless. This is bad debt that is. acrewing interest and you're going to. have to fork up 10, 20, $30,000 in order. to pay off a potential mortgage if you. don't get everything done the exact way. you want. >> Well, believe me, it's going to be half. that cuz I'm going to hold her liable to. it because she is still attached to that. mortgage and she's not attached to that. >> Yeah, potentially. But the legal fees. could come up with that extra cost. anyway.

>> Do you think that would be more than. what the. >> I don't know. Depends what you sell it. for. Depends what you sell it for. But. corn ain't cheap. Court ain't cheap. >> That's not That's not cheap. It's not. cheap. But. >> so I mean, yes, I agree. She should pay. her part, but I don't know, man. I don't. know what you're going to sell for. I. don't even know when you're going to. sell it. I don't I don't even know if. you're going to accept a low price with. how low the market might demand at that. time. >> Honestly, I'm trying. I'm trying to sell. this house. >> And there's not much more you can do. than just adjust it to the market price.

But. >> and that's what we're doing. And. >> it is, but you don't know what that is. yet. So right now we are the most. expensive per square foot in the. neighborhood. >> Wonderful. It sounds like. >> I'm not saying it's a good thing. >> Why the are you doing it? >> Because we're adjusting the price to be. more competitive and that's why that. drop in prices even twice in one month. They're going to lowball the out of you. You're not going to get any reasonable. offers. >> Well, I did tell them not to lower it. until the next month. So that way it was. >> doesn't matter, buddy. This is how the. buyer works, man. You got to go through. our real estate program. This I mean.

that's ridiculous. You're starting way. too high, over market. Those are the. people that have to sell lower. >> I didn't even offer that price or. recommend that price. >> Oh, did your realtor? You had a bad. realtor. >> Yeah. Apparently, she's the number one. realtor in Florida. >> And she recommends that price. I was. like, "Okay, well, you're the expert in. this, so might as well." And since then, we've already cut it twice. >> Yeah. I don't know. And number one. according to what? Like, we've had two scheduled showings. >> Those are overpriced. You dumped it. Of.

course, this is not I mean, she is not. the realtor to have. Listen, buddy. This. might have to go off the market for like. 6 months, 12 months, and put it back on. at a reasonable price in order for it to. adjust. >> Point it. It would go into foreclosure, wouldn't it? >> It actually would. Yes. You yourself. double. >> Yeah. So, that's what I'm trying to. figure out. And that's why the short. sale is the current option. And that's. why, >> but you're living at home. Now, I know. you have debt minimum payments, of. course, but even still, the mortgage you. actually, even though it's a horrible. chunk of your net because you live at. home with the parents, you would be able. to technically afford it if you needed.

to. >> It's $3,400. If I'm making 5,000, then. that's. >> exactly It's It's insane. It's But you. have no overhead cuz you live at home. Other than that, it's just the other. debt minimum payments, which I don't. know what they stack up to yet. >> It's I mean, it would just be minimum I. think it would cover the entire month of. my income. >> There you go. So, that's that. But you have no overhead. You don't need. to have fun. >> I know I don't have overhead. >> Okay. And you don't need to have fun. expenses like gas, food, all that. >> Well, that's overhead. Oh, >> okay. So,

>> would you not be able to afford that in. your minimum monthly? No, >> we would have to see it at the end. I. don't know, man. But even still, if you. rented it out for half, you could cover. half. You were covering half. And I'm. not saying that's what we want to do, but I just think you're going to get on. this housing situation, >> you know? I and it's going to come down. to what we could get if it was renting. at that point and if it's even worth. doing, you know, if if we sell the house. in a couple months, then you know, that. kind of [ __ ]. >> a couple months after dropping another. 20k. with zero equity in the house already. >> Yeah, it's a it's a situation.

>> Oh, if you have a situation, go to. caleb.com/apply and come on the show. What do you think your score is? 0 to. 10. Zero being the worst finances, 10. being the best finances. I. >> say a two. >> Okay. If you want your financial score, financial assessment, take that. assessment at calebhammer.com or click. the link below. Also, if you don't want. to be like a guest who shows up on the. show, download the dollar wise budgeting. app. We made it specifically for you, specifically for me. Sign up for the. free trial and then take the annual if. you want to save a lot of money and get. our budget friendly cookbook signed by. me, mailed directly to you. And if you. want to bundle all of our education with.

the premium version, you can also sign. up for our premium program, DollarWise. Central, which includes all of that. bundled for 80% off dollar.com. Click. the link below. Okay. So, you're living. with parents for a year or two at this. point. You want to go into an MBA. program. You haven't even finished your. marketing degree thing. >> It's my second degree. Yeah, it's my. second degree. >> Why are you getting a second degree? What are you doing? You already made. good money. What are you trying to do? >> So, the first degree was in management. and that was paid for through a. scholarship. Um, but the second degree.

is marketing because my GPA was. >> after after I graduated. Well, if you go. into the masters program to get into. your masters program, you got to have. like jobs. Yeah, I was looking at like. entry level for the MBA and it was a 3.0. GPA. You had to have all these scores. and through the marketing program. >> Also, I heard you're a douchebag. >> Yeah, I could I can definitely. >> You have this souped-up car that is. costing an stupid amount of money and. you just refuse to get rid of it. Why? >> Uh dream car. >> if you can't afford to live. Who I don't. give a [ __ ] about your dream. I care.

about you living. I don't care. >> It's dream car that I've always wanted. I don't give a [ __ ] I care about you. always hated, you know, people with. Mustangs, and that's what it is. >> Well, it's a Mustang. It's not that. exciting as far as dream cars go. I'll. be completely honest. >> Oh, believe me, I would love to get into. a different vehicle, but it's not your. dream car. So, I'm not going to sell the. Mustang. >> Why the not? >> Because, like I said, it's a dream car. I'm not going to sell the car. >> Car. Who gives a If you can't afford to. live and you're about to get foreclosed. on, get rid of the car. >> Let's pay it off. >> Yeah, but if you're pumping an endless. amount of money into it, >> I'm not. >> Come on, buddy. You got a $1,200.

injector purchase. You're endlessly. getting parts to modify it. >> So, I will uh speak on that. >> You wouldn't even send us the VIN. You're the first one ever to never send. us the VIN. Why the wouldn't you send us. the VIN so we can get the value? >> Because I was so determined that I'm not. going to sell this car. >> And what's the coming on a show where. someone tells you what you should. probably do? >> Because with the ine I'm going to just. speak really quick on the injectors. I. have returned those, but I swapped them. out for other parts for maintenance and. all that kind of stuff. What's the car.

worth? You. >> uh I would say about 23 24. >> Good. Sell it. Get a $10,000 car. Take care of. your debt. The rest of it, I mean, it. right goes to pay off a fifth of your. debt. >> That wouldn't even put a dent. >> That accelerates. A fifth is a dent. You. dumped tit. That accelerates that. progress really quick. That gets rid of. minimum payments. That way we snowball. to it. You live at home as a. 30-year-old. I don't give a [ __ ] about. your Mustang. >> That's a pretty nice Mustang. I'm not. going to lie. >> Yeah. You live at home with your parents. at 30. You're a little boy.

>> Yeah. No, I I definitely am not proud of. living hot wheels over having any sort. of independence, >> you know, with all the parts of a car. You know, I would thought that it's. valued. >> a lot higher than 23 24. >> Okay. Well, it's probably not because no. one gives a. >> Yeah. No, I I completely agree. But it's. like why sell it, you know? I need a. motor. >> so that you can start pay off debt. I. have my. >> You need a motor transportation. You'd. get a 5,000 card. >> That's paying towards my debt.

>> Uh you're not. Uh buddy, how much came. in last month? >> 5,000. >> How much was spent last month? >> I'd have to say 4,000. >> 8,636. So you have no idea what the is. math. That is what was to go into how. >> we certainly will. What do you think. happens on this show? So you're spending. way more than you make. Paying off Dan. What the are you talking. about? You're not paying off debt. >> You're not a debt payoffer. >> Yeah, if you go through my records. >> Wait a minute. What's the payment to.

this first debt we're talking about? It. takes 26 years to pay off. Shut the up. >> And you know, if this is the card that. I'm thinking about, is this the reflex. card? >> Yes. >> Yeah. Okay. So, this card was a um a. debt transfer, you know. >> Great. So, instead of paying off debt, and that's what you consider paying off. debt. All we do is just move that. >> I didn't say that was me paying off debt. with that. You said you're paying off. debt. >> I am paying off debt, but not from. something that I did about 2 years ago. >> Wonderful. 0% interest period just.

ended. >> It did? Yeah, I have been. >> paying off debt. Spending more than we. make off. >> the number one YouTube membership just. got upgraded. And for this final week, you can join for free. Three exclusive. shows every day, Monday through Friday. Financial audit post shows, exclusive. and uncensored financial audit episodes, our call-in show, Hammer It Out. >> Who then take the train?

>> And brand new shows, Fat and Fatter. >> That is wild. >> That one is. >> I would go off brand. >> behind the audit. >> What? >> This was wild. >> Shop smart. and now upgrading from one live stream a. week to two. No other channel offers. what Hammer Elite provides. Join with. the link in the pinned comment or. description below. Submit proof of. purchase at hammer elite.com and we'll.

reimburse you for the first month with a. $10 digital gift card that can be spent. anywhere in most countries. Sorry, North. Korea, this one isn't for you. Yeah, this is how we have to do a free trial. on here because the platform doesn't. currently offer free trials. >> It's okay. It's worth it. >> Yeah, it is. >> This is the final week to join Hammer. Elite, the best membership on YouTube. for free. >> What are you talking about, dude? What. are you talking about? Miscellaneous. [ __ ] alone was $2,000. Going out to. eat was $700 paying off debt. Shut the.

[ __ ] up. That is your math. That is your. normal [ __ ]. >> I'm living with mommy and daddy. Are. they charging you rent? >> No, they're not. 30-year-old baby. preferring jerking off to his Mustang. than having any sort of independence. >> They would rather me get into a position. where I can pay off debt by living. >> in a position to pay off debt and you're. not. >> I am paying off. >> You are literally not. Shut the [ __ ] up. You put a minimum monthly payment to it. That's you're jerking off to a Mustang. That That's all that's happening. >> Well, I'm doing more than just paying. off the minimum. Not on that card. That.

is the minimum payment. But, you know, I'm paying off. >> to get foreclosed on. I don't want to. hear it. >> It's not a good position. I will I will. >> No, it is not yet. It is the position. that you are allowing and choosing. I. just went over $2,000 of miscellaneous. spending. $700 going out to eat. Shut. up. That within itself is $2,700 of. [ __ ] spending. You bring in 500. 5,000. That is over half of your. spending. What the are you talking. about? You don't know what you're. talking about. >> I would love you budget.

>> Clearly not cuz you didn't know how. much. But I know it's very loosely. >> Then why? What's the point? was if I. don't budget in without budgeting. >> I mean, I've heard about this whole like. 50 3020, you know, like with the needs, wants, and saving and all that kind of. stuff, but that's like really the the. gist of it. I've tried it before. >> You're in bad debt. You wouldn't be 50. 3020. You'd be paying off debt like. crazy. Get in a fully funed emergency. fund. And then. >> I've listened to like the whole David. Ramsay stuff and like I have the app on. my phone. >> Kill you. >> But like it it doesn't let me track all.

the cards that I have. >> Okay, then use ours. It probably does. >> Well, what is it? I'll download it. >> So, you use the app, doesn't connect to. your cards. You can submit manual. purchases if you need to. If you want to. use his budgeting app, that's fine. What's wrong with that? >> It does the the transactions and all. that, but it doesn't allow you to add. the card to where you can automatically. do your your purchases through that. So, it it just. >> through his budgeting app. >> No, what I'm saying is it wouldn't let. me link my account. And it's for the. Apple Card is what I'm talking about. >> Apple Card doesn't allow account. connections.

>> Yeah. So, that was the issue. >> Apple Card, that's not budgeting apps. >> Yeah. It was the Apple Card that was. giving me that issue. So, I just. >> You submit your statements and it still. works. >> Well, I I just stopped using it at that. point. >> So, you've given up because the Apple. Card doesn't. >> I wasn't giving up necessarily how much. you I figured that I could figure my. spending. >> You didn't know how much you spent last. month. >> Yeah. And I didn't know that. I thought. I was spending under what I was making. Objectively not,

buddy. I don't know. This is just a. transfer. You're not paying off debt. You're transferring debt. So, Wells. Fargo Reflect Visa card. Let's call it. the Reflect card. Okay. Well, on this card alone, you owe. $12,333.94. with a minimum monthly payment. of $124 now. And that's all of course he. made last month even though interest is. starting to acrue right now. >> And that's before the interest I think I.

looked at it recently. >> Yeah. Now the interest is charging 300. something. >> Yeah. It's going crazy. >> Yeah. >> Which means your minimum what is now. like 350. >> just about. Yeah. It's like 325. >> 325. That's your new minimum. Great. Even worse. I don't know how you'd. survive that with your mortgage payment. 325. getting in a house with. >> You see the situation that I'm in though. with the mortgage? It's like if I pay it. then I have no money. >> and I don't have any money to pay. towards my minimum debts. >> I know that now. But listen buddy, we. just saw what you spent on miscellaneous.

[ __ ] going out to eat. Like shut up. That's objectively what you were doing. >> Yeah. And that's why. >> around. >> there's no way that I spent that much. I. would love to go through the the. transactions. >> What do you think this show is and what. happens from here? That's what we're. doing. >> Let's get to it. Let's get to it. Cuz. that's not the card. >> I'm going through the document order. that is placed in front of me. You. [ __ ]. buddy. Oh, you think you're the producer. of the show? I don't know what you think. is going on here.

>> No, but Lindsay is the best. >> Now, I know you're a big travel person. as well and you're endlessly just going. to EDM concerts doing VIP. You'll only. go VIP cuz you need the exclusivity. So, we transferred that so we can go to VIP. bull shows. >> Listen, have you been to an EDM concert? >> Why would I? It's amazing. Are you. kidding me? It's the best. >> Have you ever listened to any EDM music? >> Yes, I'm doing it right now. >> It's pretty good actually. You might be. the next top hit.

>> Okay. I don't know what I get out of. that. I do go to music uh Austin City. Lemons Music Festival because there's a. wider diversity of music than just. >> I don't think I've ever listen to that. music or like what that festival is. >> Okay, that's fine. I don't care. But why. the are you living at home, jacking off. to a car, spending [ __ ] endlessly, going VIP experiences at festivals all. over the country? Who do you think you. are? >> Well, I love the experience. I love. travel and go to these concerts. >> Mama's boy being enabled to just go. around and destroy his life. Poor new.

girlfriend being dragged down. Girlfriend, >> she is a sweetheart. I love her to. death. >> Who the are you to go VIP to all these. experiences around the country? said. that I do all VIPs for this. I just buy. a ticket for. >> what you told the person you love, Lindsay. >> Yeah. I mean, like she does these. upgrades for these tickets every once in. a while. >> Who does these upgrades for these. tickets? >> Everything does. >> that you pay for? >> Sometimes she pays for it. Sometimes I. do, but recently pay for the tickets. >> You live at home and you said my parents.

support my ability to stay home as long. as I pay off my debt. You're going VIP. to concerts. What are you talking about? >> It's not that often that I go. >> How often then? Uh, maybe like three, four times a year. >> That's insane. Once a quarter is crazy. If you're living at home at 30. >> You want to know insane? I went seven. times. >> I don't give a Shut the [ __ ] up. >> Your girlfriend, does she live at home? >> No, she has her own place. >> Oh, great. So, she's the leader of the. relationship. >> She's the mature one. She's the one. that's actually getting done.

>> She Yeah, she does get her [ __ ] done. She's uh. >> How old is she? >> She's 35. >> Great. Okay. >> Yeah, she's she's professional. She's. really good at what she does for her. job. And. >> And why is she actually with an literal. child like yourself? >> I don't know. I can I don't know if I. was funny or if I was just like super. attractive. We met on Hinge. >> and she sent me to the Rose. So, I mean, she she saw something in me, but you know, it's it's like you go to. on your first date and you just know a. story person and we could just kind of.

>> I don't care about your love story. That's fine. That's wonderful. No, I'm. asking about where how she lives. I. don't give a [ __ ] about your love story, dude. Okay, great. So, I don't know why she's. staying with you. Good luck on this. marriage situation if you guys ever get. there. The fact is interest has just. started hitting on this now. What have you communicated your. financial situation with her? >> So, actually, um, when I got the word. that I was going to be on the show, I. realized that now would be a good time.

to talk about. >> That's what it always. happens. I'm about to get exposed. online. Yeah, I better come clean about. all this. >> So, we we do realize that we're both. kind of in a bad like financial spot. >> Both. You just said she was doing great. >> Yeah, she does great. She makes good. money, but you know, she also does have. her debts as well. >> Then that's not great. >> Well, you know, it's kind of something. This is our wakeup call for this. >> Yeah. After this show, we're going to. >> Buddy, you told me you had $4,000 of bad. debt. I was 56. You don't even know your.

own financial situation. You're trying. to tell me you told her. >> Yeah. No, I told her about my debts and. all that kind of stuff. I said, "Listen, >> how many debt you had? How much?". >> I I told her, I was like, "Listen, it's. not going to be pretty.". >> This guy's. >> Okay. >> And you know, we're going to work on. this and we're going to get through it. >> So, you're not going to a VIP EDM. concert. >> I actually have a couple plans. >> Exactly. So, shut the up. You're not. cutting back on anything. >> You just want to be douchebag running. around. >> I want to have fun. You know, it's like. >> no. So, you're just going to live at. home forever, mama's little boy, and.

being in a joke in the existence of. humanity? >> No. Obviously, I don't want to live at. my parents house. >> You certainly do because you're spending. all your money on [ __ ] instead of. actually doing anything worth value of. paying down your debt. >> I definitely want to do better. And I I. don't think that I, you know, I don't. want to be in this position. I want to. be able to the Bahamas. All inclusive. >> It's Cancun, not the Bahamas. >> All inclusive. >> Yeah, it's all inclusive. That was the. only option. Yeah, that's what we really. care about when we're trying to get out. of debt. >> I made that purchase back in January and.

it's $4,000 for the entire trip. >> Be real about this entire situation. Your mama's boy, she's taking care of. you. She's enabling you. And once you. know you are slightly done with that. situation, you have your girlfriend just be your. new mom. >> I don't think that's the situation. >> I think that it's reading as clear as. day, buddy. You're a child. You live. like a child. You just go and live all. these experiences and spend all your. money on [ __ ] instead of taking care.

of your real and then you want mama or. new mama to come in and save the day and. take care of you, their little boy. >> I think as long as I'm paying off these. things, then you know why not? >> You don't think you're going to leech. off your girlfriend at all in this. relationship? >> No, I I don't I don't allow her to. >> Okay. Well, you were already on the outs. with your last girlfriend, but you used. her to get a mortgage. So, >> I didn't use her. Actually, I I think. she used me for my credit foundation. Are. >> you talking about You only got her to. make it. >> I cosigned for the mortgage. >> Yeah, but you wanted to get in there. >> It was you pitching it. >> I wanted to get a house. Yes.

>> Yeah. She agreed to your idea. You used. her. >> I don't think I used her. >> to be able to afford the minimum. payment. Absolutely. Even though you. were ready to break up. How else can you. read that situation? >> You know, we got back together and I was. like, "All right, you know, I think we. should get a house. So, we got a house. I I was under the. assumption that we were going to be. together for a while. It No, >> you weren't. >> Things were going well. >> No, no, it wasn't. You just got up after. breaking up and then you broke up.

immediately. What are you talking about? >> Got together and then, you know, people. around you to be the little baby getting. >> No, she was towards the end of her. mother. She didn't want to renew her. lease there. So, I was like, why don't. we just start looking at a house then? >> Where have you been at home with $0 of. rent? zero dollars a rent. >> for about a year for about a year now. >> And there's nothing wrong with living at. home, especially if you're falling back. on hard times. But the fact is they're. just enabling you to go VIP at EDM. concert seven times a year, i.e. last.

year all-inclusive in Cancun. I don't. give a. [ __ ] man. You're just living a. [ __ ] life and relying on. all the mothers around you. Come on. What a joke. Listen, I know it's not. perfect for your your career with what. you got, but I will get you a course. career certification to boost that. resume. I also get you on the Fizz card. to help you actually manage your money. debit card that builds credit and I'll. get you on Weeble as well if you really.

care about investing. It's a great place. to buy stocks. That's where I'm building. my portfolio now. Great signup bonuses. there. So, I'll get you set up with all. the resources that the guest got. >> But listen, this is ridiculous. Again, $12,333.94, minimum monthly payment 325. You've had. a late fee this year. He's had a late. fee this year. He's had a late fee this. year. VIP experience. You Cancun. You. late fee this year. Living at mom and. dad at home. Off dude. What a joke. >> Listen. I So I had. >> Listen, you're you're going to defend. this. Yeah. Let's hear it.

>> Yeah. So the cards were not on autopay. >> Good. Then pay it on time. You dumb. >> I was paying them on time and then I had. one month slip and then after that. moment I did set it up on autopay. You're probably paying over a hundred. bucks a month for your phone plan. For. what? Dropped calls and data caps that. disappears faster than my hope during a. financial audit. Today's sponsor, Helium. Mobile, the only phone service that. somehow manages to be reliable and free. fixes that. And yeah, because guess.

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have a slip? If you live at home, you. live at mother home. >> I oversaw it. That's all it was. Over. what? >> I oversaw it. So, it was. >> over what? >> I don't know what the the what? >> Oversaw it. >> It was an oversight. >> Oversaw it. >> Yeah. >> Is that how you say that? It's just an oversight. >> Oversight. Oversaw. I don't know. What? However you want to say it. So, it was. an oversight. I let it slip for Yeah,

there you go. Okay. >> So, it was an oversight for 1 month and. after that point, I did put it on. autopay. >> But why would it be an oversight, buddy? Cuz you're living at home being enabled. in every way whatsoever. You should not. be missing payments. >> I No, I completely agree with you on. that. And. >> you're the one that did it, not me. >> Since then, I haven't missed a payment. on it. >> What's the interest rate now on this? Oh, >> I believe it's about 30%. >> It's high. >> And you think investing in the market. makes more than that. Listen, you'll. have your good years, but up years, down. years combined, 10% for the S&P 500. Overall, stock market 8%. Yeah. So,

>> so the card, it was a 0% for about 18. months. So, I had the idea to have this. card paid off by then. But obviously, >> great idea. Just like you have the idea. of paying off your credit cards before. retirement. No, you're just going to. keep transferring, transferring, transferring, more debt, more debt, more. debt. You'll be in debt until the day. you die. Your idea to pay this off did. not work. I don't know what the balance. was to start, but less than 12,333.94. cents is a lot regardless. >> Oh, it's not the first debt transfer. that over. >> So, we're going to have another one. >> Oh, off, dude. So why' that plan fail. then? Just just like because now you.

have all these other plans. You were so. confident about telling me so many plans. with the deed transfer and the selling. the house not that much lower. I'll. never have debt by the time I get to. retirement. I'm just going to contribute. retirement forever. Yeah. All your. plans. So why did this one fail? >> So that one uh like I said it was a. transfer of a lot of debts and. >> we got that part. Why did it fail? >> So I was paying it off and then there. was just major purchases that I didn't. have money. >> VIP experiences. No, it wasn't. >> off. >> It was. >> off. We already saw.

>> I had I had an issue with the car. >> 1,700 bucks last month and [ __ ]. Minimum minimum. Minimum minimum. minimum. So, [ __ ] off. >> I had an issue with the car and it. needed to go somewhere. And that was the. car that I had the most available credit. balance. So, it went on to that. >> The issue with the car? >> Yeah, with the car. >> Good. Sell it. >> Well, obviously now it's working. So, I'm not going to sell it. >> No, because I just I just put. >> Sell Get a $10,000 car. for the rest of. our debt. >> I decided I didn't tell you about the. repair. So, it was a major transmission.

issue that was from Ford itself and they. weren't going to cover it. >> Good. Sell it. >> Why would I sell it? >> Sell it now. >> It's a It's my dream car. >> But your dream No offense. No, I'm. sorry. This isn't This isn't Your dream. car is a Mustang. >> Yeah. I grew up Listen, I when I was. growing up, my dad had he still has it. is a 1992. I have everyone in the room. shaking their head at the fact that your. dream car is a Mustang. It's. >> What's your dream car? >> Um.

I don't I guess I have my dream car. >> Is that Tesla? >> Model X Plaid. Yeah. >> Oh, I love it. No, I love the plaids. Don't get me wrong. >> Yeah. >> Okay. >> But that but but that but that's at. least the price of a dream car. I don't. think anyone's dream car is $24. >> Again, it's not bad. I'm not on the fact. that it's not an expensive car. It's. just like you make a lot of money. We. could get you to a cool car at some. point. Who gives a [ __ ] about this? Pay. off the debts. Drive a beater for a bit. >> It was the first car that I had bought.

myself and I wanted to keep it. >> Car. Who cares? >> It and the car community can back me up. on this. A lot of people when they sell. their their first car, >> dude. I'm getting AV is shaking his head. hardcore no, which is suggesting I bet. he's in the car community. >> I'm sure he is. >> He is shaking his head. Yes. And he's. shaking his head no you. So, I don't. know. I'm sure we'll get a diversity of. opinions in the comment section, but. >> a lot of people regret selling the first. car that they bought, you know, if if it. was one of their dream cars.

>> It's a It's a piece of metal. It's a. collection of parts. Who gives a buddy? Who gives a selling their first car? >> And at this point, >> what is this nostalgia? What is this. like weird attachment to a [ __ ]. >> motor? It's already paid off. So, what's. the difference? Because you could sell. it for 24, get a $10,000 beater and go. and pay off $15,000 of debt like this. >> That still doesn't solve my problem. >> Your problem is that you're in debt. So. yes, it does. It solves like a fifth of. it.

>> That's big. >> It solves a little bit. >> It accelerates. It solves a lot cuz that. takes away minimum payments that you can. accelerate towards your debt. >> I don't you don't agree. What is there. to disagree with? Because the car is. paid off, it doesn't need much. maintenance. >> What do you not But my my math was. sound. What What is your disagreement? >> Because it's there's no minimum monthly. payments on this car. So why would I. sell the car? >> What was wrong with my math? What is. wrong with my math? There'd be no. minimumly payment on the other car you'd. get either.

>> If you sell this car, >> Yeah. >> and you buy a $10,000 car, >> who's to say that it's not going to. break down in the future? >> Well, first of all, it seems like you're. pretty good with cars. So, take a. hardcore look at it, but also take it to. two independent mechanics separately. make sure they get a seal of approval. that it's going to last for at least a. few years safe and good without major. repairs. Not everything's perfect, but. you're going to have an emergency fund. pretty soon that will help take care of. things. And we're going to get in a. dream car, a better dream car, by the. way, pretty damn soon. It's not about. that. This accelerates your debt payoff. journey. This is like the one thing that. I'm not going to say you did right, but.

at least you have going towards you so. you can at least throw it towards your. debt, buddy. >> You know, that would be something that I. would consider then at that point. because there are bigger and better. cars. >> A win. A win, a potential win. >> You know, if if there is a a time and. place where I can buy a better car, then. so be it. >> Tell me how much all that piece of. costs. >> A piece of that is done by one of the. better artists in the world. >> Yeah, you have the best realtor and the. best car. Now we have the best tattoos. It's the best everything. The is the. best.

>> That was That was pretty bad. >> It was bad, dude. It was rough. I It. used to be so good. It used to be so. good. I got like a really good. impression of them. >> Well, that's his job, you dick. Listen. It used to be good. It got rusty. >> It did. >> But what? Everything's the best to you. I don't know. It's It's a sleeve that. you cannot even tell what is going on, which makes it just a mess. >> So, it's all Greek mythology based and. it's uh color realism and it was 14,000. >> It looks like a like two weeks of. diarrhea just happened. >> Oh, yeah. I heard you were having tummy. issues. How you feeling?

>> By who? >> By the producer. You haven't done your stream anymore, >> Lindsay. >> Please. >> Is this why you're a little angry today, Caleb? >> No, I'm angry every day, buddy. That. looks like And how much have you spent. on it? >> I spent $14,000. >> You are. What is wrong with you? >> Look, it all goes all the way into my. chest, too. >> Oh, for [ __ ] sake. >> What a use of money when we can't pay. our mortgage and we're about to get. this. Were you living at home when you. got this done?

>> Um, >> with mommy and daddy? >> The arm piece? No, but the chest piece. Yes. >> Oh, what a joke. Mom and dad, kick him. out tomorrow. You are you Oh, you are. supporting such horrible behavior that. you are just allowing. You are enabling such bad behavior. >> Trust me, Caleb, after the. >> I don't trust you. Where. >> I'm not getting any more after this. >> I don't believe you. None of your plans. have succeeded. >> Have you ever gotten a tattoo? >> No. >> You don't look like a tattoo person. >> Well, listen. I'm considering a base.

cleft here. I'm just a little nervous of. the needles. >> I'm a band guy, too. >> Okay. >> Yeah. Trumpet guy, though. >> I told you you're a douchebag and gay. >> Listen, I bu I I I don't know. What a. horrible use of money while living at. home and they support this. It's a joke. It's disgusting. It's It's It's not It's not a good time. And now we're acing interest 30% on that. card. Well done. Well done, big guy. and. we missed the minimum monthly payment on.

it. Okay. Wells Fargo. What's going on. with this? >> So, that one uh is that the platinum. card that we're talking about? So, that. one is. >> This is Wells Fargo card. Platinum. >> Yeah. So, it's it's the platinum card. So, that's the very first credit card. that I got. >> Oh, which means just like the card. We. can't get rid of it. It's special. >> Well, credit age. You got to have credit. age. Yeah, but you you could pay it off, you dumb. $10,000. and $56054.

Minimum monthly payment $241. >> Uh, you're still purchasing on it. Still. purchase on it. >> Any purchases on it? >> Well, you're a [ __ ] then cuz $2357 of. purchases were made on it. >> You know what that is? I. >> I'm guessing a purchase. >> Yeah, I had my reoccurring like Spotify. on there. Almost like that is considered. a purchase. >> $135.14. of interest acred. 24 years to pay this. one off. Yeah, you'll borderline be at. the.

retirement age penaltyree for your 401k. if you ever decide to do that or your. IRA which we know you love. So yeah, you'll borderline be there. So will it. technically be paid off? Sure. If you. don't purchase anything else but we know. you love to purchase. You know, the. minimum amounts that you can put toward. or sorry, the maximum amount that you. can put towards your Roth IRA, it's only. what 500 bucks a month. >> Yeah, 401k is substantially higher, but. >> it's not going to make much of a dent in. the amount of debt that I have. >> It would pay this off three times. quicker.

>> I'd say that's substantial. >> I would rather put that money towards. retirement. >> It doesn't Listen, when there's. >> Why don't you max out retirement? It. mathematically doesn't make sense, dude. I don't understand why you think 10 is. larger than 30. Because if I'm putting. the maximum towards my Roth IRA, then. it's taxree when I withdraw it. >> It is taxree. So maybe that boosts it to. about 15%. But even still, that 30% is. not me. >> So if I delay that by what like couple. years, then I'm losing all that in the. market. >> More than 15,

>> but it's the it's the principle of just. wanting to invest this. >> guy buddy. No matter the growth you're. getting in the market, S&P 500 averages. out up years down years 10%. Stock. market 8%. How many times are we going. to go through this exercise? 30% is. higher than that. Now, if we're taking. the tax savings, which by the way, you're doing Roth anyway. So, you're. saving taxes on the back end of this. You're not even saving taxes on the. front end. So, I don't know what the. you're talking about, but either way, listen, you're still losing. >> and that's why you're not making money.

>> Oh, you really are a boy. You're a. little boy. You're a little boy who. jacks off to his Mustang every day. You. collect F1 F1 posters. Yeah, >> you go around spend money collecting F1. posters living in your little goon cave. What world are you in? >> So, I had the F1 posters. They were. going up in my office in the house that. I I don't live in. Uh, so I haven't put. them up in my room, so they're just. sitting off to the side right now, honestly. And they're just collecting. dust. >> What a weird life you live. What a weird.

life you live. >> Do you watch F1? >> Are you bald? >> Am I bald? No, I actually got nice hair. Okay. Then why do you have a hat. collection? >> I love hats. I've always been a hat. person. I love wearing hats and you know. it kind of adds to the style. So that's. why I love hats. I buy them all the. time. >> There is no way that you are not a. homosexual man with the way you present. yourself and talk, which is great. We. love it. Take it up the ass. Full. support. Full support. We got a ton of.

case at the office. Yeah, it's Adobe and. Spotify, so it's double. Oh, he's out of. LA this year so far. What is wrong with. you? >> There's a late fee on that one. >> Oh my. He doesn't even know. >> I know. I actually didn't know about. that one. >> That one is also set up on autopay. I. when I realized that the reflex card had. a late payment, I just went ahead and. put autopay on both. >> New girlfriend run. >> She wanted to watch this live, but I. guess you guys don't have a live, >> huh? No. Why would this be live? >> I don't know. That'd be an interesting. venture to go down. >> It would be, but it'd be dangerous for.

you. Sometimes we have to cut out. privacy things. >> Oh, that's true. That's true. I didn't. even think about that. Yeah, we used to. stream live to Patreon members, but that. was a long time ago. Either way, I mean, I feel like I should call her and the ex. in the in the in the past. >> She actually might want to talk to you. >> Which one? >> The new one. >> I care less about that one. >> The old one. No, she's a. >> She doesn't even answer. >> She doesn't even answer. >> You hear how he answers that, guys? >> Are we hearing this? We're hearing this.

She's a. >> I didn't sound like that. When are you. moving in with the with the current with. the current? >> So, that's actually why I I'm going to. do the the Thanos thing with the the. gemstones. Uh, that's kind of why I'm on. the show. I I want to get to a good. financial point to where we do move in. with each other and we want to be in a. good financial spot. >> But the moment you move in with them, you break up with them in 2 months, this is at a 15.4% interest rate. So, this relatively is close to the market, >> right? >> And you're lucky you're lucky on this.

You're lucky on this. However, however, for what it's worth, this is risk. This. is minimum monthly payments that. prevents you from going out and doing. the things you want to do. There is that. aspect of it to also take into that. equation. >> So, for this card, I don't know if I. should keep this card or cancel out, but. it's obviously a lot better than the. other ones. >> Sure, but it's horrendous debt. regardless. >> Well, yeah. Obviously, I plan on paying. that off. Well, >> obviously. Just like he planned on. paying the other one off. He didn't pay.

it off. Like what? That means nothing. >> Well, I'm trying I want to get to a. point where I'm building my credit. history and you know if I cancel that. car. >> What's your credit score? >> It is. >> Okay, then I don't give a. >> Well, that's why I'm trying to rebuild. it right now. >> I don't give a. >> And I can't do that until this house is. out. >> Credit is not a tool to you. You are. absolutely It's like a hammer, but. you're just swinging back and hitting. your head. >> My credit score was at a 700 before the. mispayments, and then as soon as the. mispayment happened, it dropped. significantly. And now it's at a 550.

That is, like I said, you know, >> 550. >> It is garbage right now. >> What are you doing, dude? Okay, PayPal. credit. What's going on with this? That's dangerous. So easy to sell. >> PayPal credit. It right now is in a. promotional offer right now to where. it's 0%. But that's where the injectors. came from. >> Oh, for [ __ ] sake. What is wrong with. you guy? Get rid of this car. It's also. just damaging cuz you just want to put. you it's a toy to you. You just want to. spend all your money on it. >> Well, like I said, I traded in those. injectors because I had still for other.

things. Exactly. Or else you would have. kept the injector. So, it doesn't even. matter. >> Trust me, I tried to return those for. cash and a return so I didn't have to. pay off that card, but it was past that. return period. So, it was either a store. credit with them or figure out. something. So, I ended up pulling the. trigger on. >> return. 6 $7 spent this last month was. fasting. >> Fastring. >> Fast spring. >> I don't even know what you're spending. on this card, big guy. >> Let me guess. you're just using an.

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or hit the QR code or the link below. Let's get back to the show. >> It's a 0%. >> Oh my. A doesn't know what he even. spends on eight years to pay this off. So, yeah, 0% is going to expire by then, by the way. Minimum monthly payments. >> that that promot you put towards it. after bragging at the beginning about. putting more towards. >> the promotional offer ends in 6 months. after the the purchase. So it's like. when that is obviously going to but it's. you're going to have such a substantial. balance by then and I don't care what. you plan. You're going to tell me about. a plan that's never going to happen. You.

never do a plan. You never commit to. anything in your life. Especially your. girls $1,184. is the balance on here with a minimum. payment of 30. 8 years to pay off does. not get you there in about 4 months from. now. >> Well, I plan on paying that off before. the. >> Of course you do. Of course you plan on. it. Your plans never achieve anything. because you never follow through with a. single thing in this world. You never do. anything. You plan on it. Your plans are. just thoughts, but you never put in any. action to achieve anything.

>> All right, that's. >> You've planned for a lot. You've planned. for that mortgage, that house, to get in. with the girl. What plans? What. financial plan have you ever done that. has actually led anywhere? Nothing that. I know of. >> I I paid off the car. I paid that off. early. >> That's cuz you're addicted to that. thing. You care more about it than any. girl you've ever dated. >> Yeah, it is my longest relationship. right now. >> Exactly. That's what I'm saying. You're. a freak, weirdo. >> Hey, at least I'm not one of those. people who have like that fetish for it. >> Except I don't fully believe that.

you keep using this as your excuse of. deflection to get out of any kind of. push back. My plan. I plan. Your plan. >> Well, the balance transfer idea was my. plan, but obviously that hasn't been. working, you know, with this. So I don't. know what else to do or what what the. other plan is. You know if there was. some sort of direction. >> cut back on your spending and just pay. that you dump tx. gold. >> Oh that's a fun card. >> Pay over time charges.

interest new charges interest. What is going on with this card? >> So the MX card I only got that because. it's an AMX card. It's an MX gold. So I. thought that it was going to be this. >> What? What the [ __ ] does that even mean? >> You know, like you see the people who. have like an MX Platinum or MX Black. card and all that kind of stuff and it's. like wo. like a cool status symbol and all that. kind of stuff. That's. >> what I don't even know that. >> So that's why I got the card and it was. my. >> Who did you see? >> I don't know. It was just kind of what.

are you talking about? >> Credit Karma, you know, I was I saw it. as an option. >> Credit was a cool status. >> No, I didn't say it was a cool status. from that. I've just seen people with. the the gold card. I don't know. I just. out, you know, you go to dinner and. somebody pulls out an MX gold card or. platinum card, >> you know, so that I wanted to get one of. those cards and they approved me for it. So I was like, "All right, cool. >> I'll use this card." And it was my. everyday card. >> You wrecked it up billion dollars. >> So I used that for my everydays and I. was using it for for gas because you get.

>> depending on it, dude. >> I know. It's I I don't like using that. card much. >> You do it. So what are you talking. about? Is your plan not to use it? cuz. you still do. That lines up with your. historic plan making abilities. >> I have an idea. Can I pitch it to you? So, I just take all the cards out except. for my debit card. Maybe that would. reduce my spending. >> What? All the cards out? What does all. the cards out? >> You take the credit cards out. >> Probably a digital wallet and you're. going to spend it online. It's going to. be dumb bull.

>> What if you take those spending. regardless? Even if you put it on debit, it's probably still horrible [ __ ]. >> At least I would be able to overspend. >> No. What? That doesn't make sense. You. You overspending in your position is. spending a dime on fund money. A dime. Those should all be going to debt and. then a fully funed emergency fund. What. are you talking about? That is exactly. what I'm talking about, buddy. >> Gotcha. I mean, >> okay. >> Yeah. I mean, you know, obviously I I. don't want to spend on this card, but. you know. >> Yeah, you do.

>> You know, it's like major purchases that. might go onto that card that I could. just pay off. >> All right, big guy. Yo, $6,478.72. with a minimum monthly payment of. $137.23. You're right. I mean, I had a little. more sympathy towards the beginning, a. little more grace where it was like, yeah, yeah, it's hard to make my. mortgage payment, you know, if I have to. do that when she doesn't pay it because. I have all these minimum monthly. payments on the the high debts. Yeah. Wow. That is sad. He has high debt. Doesn't matter. He doesn't pay anything.

more than the minimum even though he was. bragging about paying off debt at the. beginning. >> And he still puts payments on that. >> Quiet now. He puts more purchases on. here. Listen, it doesn't matter. But. what do you if I go through that if I go. through it? Okay. He made a minimum. payment and then he purchased. Just shut. the up. Shut the up. >> That card should have more than just a. minimum payment. >> There was about 10 more and then you. purchased 80. >> No. >> Yes. >> Cuz I've been putting more money for. >> screen. It's there. You dumb. 157 was put towards it when you owe 137.

That is $20 more. You paid and then you. purchased $80 of. >> West Pasco class. West Pasco class. >> What he do know that? >> Okay. No, so I do know I do know what. that is. >> Tell me. >> So that is the the dump over in Pasco. That's where the house is. So when I had. to clear out the house of her. >> why on a credit card that you can't pay. off that you are barely putting your. minimums towards.

>> because at the time that was the card. that was available because they wouldn't. accept any other card. So I had to put. that one on. >> You wouldn't accept your debit card? >> No, they didn't accept the debit card. >> Then why didn't you immediately pay that. extra 80 towards it? >> You said I didn't. >> You didn't. >> I may have I may have since then. I I'm. not too sure if I doubt. >> you probably planned on it. >> I probably planned on it. current girlfriend. He plans on not. cheating.

He plans on being a good boyfriend. He. plans on moving. And he plans on. progressing your relationship. >> So that's why that purchase is on there. >> 11.99% for now expires and already. expired. Okay. It is now at 28.24%. So. moronic. $810 this year in interest. already acrewed on this card alone. Now. it's going to be that every couple.

months now that the interest rate is. going. >> for like the promotional offer. So I. think that Yeah, obviously that. explains. >> No, you're it's dumb, dude. It's so. stupid. I don't get it. >> And for a status is everyone's status. that they borderline max it out and. acrew interest endlessly. Actually, now. your minimum payment has to be higher. I. bet it's like 200 now, right? Someone in. that ballpark. >> Okay. Someone in that ballpark. >> I don't really use that card other than. that that one purchase. Um but since. then that's I don't use it.

>> since this literal last month. Okay, great. What? And then you put nothing. extra to Shut, dude. That means nothing. That is such a nothing statement. Okay. Amazon card. Pull out your Amazon. Listen, this looks like this one's paid. off every single month. So, I'm not. going to freak out about this. But you. still did make $285 of purchases towards. it, which could have gone towards debt. >> Do you want my recent purchase? >> Yes. Amazon, Amazon, Amazon, Amazon, Amazon, Amazon.

30% interest. So, you better never hold. a balance, big guy. Oh, he got some nuts. and bolts for his dumb car. >> So, that's actually not only should you. sell this car to pay off debt, you got. to sell this car so you stop spending. money. >> So, that's actually for my girlfriend's. car. So, there's a hex set on there for. struts and then there's a knuckle. spreader for the lower of the strut. >> Uh, some [ __ ] thing. I think we got. Okay, we're getting dog food on there. That's not horrible. Brochure holder. >> That's for work.

>> Why isn't work paying for it? >> They are. They reimburse me and then I. pay it off. >> It's weird. Acrylic sign holder. Some. tape. Gauze pads. >> That's for my dog. >> Gauze rolls. Okay. Yeah, that's fair. Dog food. Roller skates. Definitely. don't need that. I don't give a [ __ ] is. for the girlfriend either. The same. flip-flops that I have. >> They are comfortable. You don't need. them. Pay off that. You live with your. mom. with your F1 posters. Dog toys for.

aggressive chewers. It's not the worst. Swim trunks. I'm sure you already had. some. More swim trunks. You definitely. had some. >> at that point cuz you bought two pairs. Men wides loafers. You sure as had. shoes. I know that for a fact. Boxer. Bruce. So if he didn't have underwear, I'm definitely concerned. Live, laugh, love, toaster bath. >> Okay, buddy. Why? Get out of dead and. move out of our parents house. Dead. inside patch. >> Yeah, there's patches for my. >> that person. Whoever it is, I don't give. a Oh, it's for your backpack. It's for. you extra you. I don't give a [ __ ].

>> When I go to the gym and everything like. that. >> to look cool for all the other kids, I. don't know. >> It's for myself, >> buddy. You live with your mother. I. don't care. You're not cool. That's a reality. Queen comforter set. Risen with the tism. But you don't have the tism. You're just. a dick. >> Total war preworkout. >> Okay. So, for these purchases that. you're about to see. Yes.

>> Shut. Shut up. You don't say a word. Don't say a word. >> I'm going to explain. >> It's a book that he purchased. How to. tell her you're gay. >> Yeah. So, I'm going to tell you. >> I told you. >> Now, this is great. I can't wait to tell. you. >> He's going to defend it. Good luck. Good. luck. Good luck. Good luck. >> My friend, it was his birthday coming. up. >> He has a coffee mug. I'm gay. Coffee. mug. >> So, it's a coffee mug and he watches. rag. Cumrag actual thing that says. cumrag on it. He has a scented candle. >> Ladies and gentlemen, it is not looking.

good. This is why he breaks up with. women the moment he moves in with them. >> Yeah. >> Oh boy. So, I got him the pre-workout. I. got the the mug. >> We all have one of these. >> And I'm willing to even call him so that. way. >> it can justify these purchases. But it. was a nice little like. >> call him your girlfriend. >> Yeah. So, it was a nice little birthday. present for him and then send it off. I knew that purchases was going to come. up, too. >> Yeah. It's almost like uh it's all. adding up.

>> Oh, he loved it. He loved that gift. >> Uh-huh. Okay, Apple Card also looks like it's. paid off every month. So, I'm not going. to freak out about this one. specifically. >> Oh, it's all [ __ ] This is still. money. Even if it's paid off, it's money. that could go to other debt, dick. Huh? >> So, it's Apple card that was getting the. the payoffs for that. >> So, I I kind of had my own little plan. Obviously, it was loose, but um. >> just like you are, I assume. So any sort.

of money that I had left over was going. towards a card and that was my idea of. payoffs and it looks like it was the. Apple card at that moment. >> Captivity come shop. >> I don't even know. >> Great. That's one of the purchases. Of. course it is. Of course it is. Hard row. Apple something bill tickets. There he. is. There he goes. Apple bill. Apple. bill. Captivity come shop coastal. cruises. Apple bill access.com. Access. cover. Hey, dude. Shoes.

>> I'm wearing them right now. >> They're comfy. >> Buddy, you buy a lot of shoes for. someone that lives with mom. Apple bill. Apple bill. Total charges this month. alone and it was all [ __ ] was,478. and that could have all gone towards. debt. That would have paid off the. PayPal credit. plus more. You're horrible. You just you live with. mom and she just allows this. It's. disgusting. Should we call mom? I want. to call mom and ex-girlfriend. They need. to not they need to not not not enable.

this anymore. What a joke. What a joke. And you've had interest charged this. year so far. So, you certainly don't. always pay it off. You don't always pay. it off. >> I had a debt. >> Pull up your phone again. >> What do you want? >> Debt journey or on a debt journey. You're your debt journey is your entire. life. Shut up. Your debt journey is you. just spent $1,500 on this card alone. >> What do you want? >> And your phone. >> Well, I was going to pull it up for you. I'm pulling up Grinder and that could. have gone towards paying off PayPal.

credit and that interest is going to. hit. Yes. Chat GPT for $20 a month every. dollar annual. You get ours for free and. at least allows those extra account. connections and fallbacks unlike his. Now that the update should be live by. the time this episode goes live. Formula. 1 $11 a month subscription. Yeah. Oh, that's it, dude. iCloud Plus. Okay. No Grinder officially. Doesn't.

mean Sniffies isn't in the browser. history, though. >> I don't even know what that is. >> Uhhuh. He said with his totally straight. face. >> No. What is that? >> Oh, I totally believe you right now. You're playing this off so well. >> I wish I wish I was playing it off well, but I I don't know what that is. [Music]. trumpet players under stalling each. other as they usually do. SoFi and a 9% loan. The going on with. this? >> So there is two SoFi loans. Uh what's.

the balance on that one? >> Uh the balance of this SoFi is. $4,981.98. >> So that is the repair that I had to give. for the Mustang. So that's with the. transmission that completely took a and. Ford wasn't going to cover it. I had to. get an a new transmission for the car. >> Get rid of this car, buddy. You're just. putting money into it. So stupid. Minimum monthly payment owed $295.75.

>> I know. I and what I will say like with that. one, you know, I wish I had, you know, an emergency fund and all that kind of. stuff so I could have paid for it, but I. didn't. And that's why I went with SoFi. cuz it was the cheapest rate at the. time. >> But he just I don't know. These minimum. payments are stacking like crazy.

>> Now, did you go a little bougie on your. fix? >> I did. >> On the car? Exactly. >> So, listen. >> Bulletproof. What? >> It's bulletproof. >> Yeah. >> And I'll explain it. So, if I went with. a Ford new transmission, it was going to. cost $12,000. >> So, this one is a stage three RSA. transmission. >> Means nothing to me. >> Yeah. So, the car guys know this. Um, so. with the transmission, I bought a stage. one, so it was only meant for 1,000. horsepower. And.

>> so, it's a [ __ ] car. >> [ __ ] car. No, I haven't finished yet, Caleb. and they had some issues putting. in the transmission. So, they upgraded. me to a stage three. So, it's meant for. 1400 horsepower. >> and I got that for the price of a stage. one. >> So, that included labor costs, everything like that. So, and it ended. up being cheaper than buying a brand new. transmission through Ford and it's meant. for 1400 horsepower rather than the 600. that the Ford would offer.

>> I just wanted you to sell this car, man. It makes no sense to have for you at. this point at this stage of life. You'd. rather have this car than not live with. your mom at 30. >> At this point, it's just maintenance. costs. It's It's. >> buddy. It's not that it can accelerate. your debt. I'm not going down that. rabbit hole again. If you're too moronic. to be able to listen to sentences, then. then you can go and leave. $7,480.61. on the second SoFi loan with a minimum. payment. Yeah. And now I see why when. the mortgage payment comes due, you. wouldn't be able to afford it anymore.

$413. So, how much debt? You say the debt's. free, yet the repairs on the car itself, you still have debt on a credit card and. a SoFi. Yeah. >> So, that's not a debtree car. Shut the. up. If you're thinking that, you're a. [ __ ]. >> I didn't say it was a debtree car. >> Yes, you did. You said it was a paid off. car. >> I said all it is is maintenance now. >> No, you said No, that's not true. You're. paying your minimum payments for. previous repairs. So, shut up. You could pay it off by selling the car. and then getting a beater and you'd be. done. You address your old your all your.

old mistakes. Listen, what was this one. for then? >> What? The the second so far. Uh, so that. was a consolidation loan. >> Yeah. >> Which works well so well cuz now all the. other credit cards are maxed out. Great. [ __ ]. >> The reason why I did that one is cuz it. was a lower interest rate than what was. >> Yes, I understand why you did it, but. then you built up your debt and then you. have double the debt cuz you didn't. change your behavior. Everyone knows why. you did it, but it is stupid. And it's. at 11.72% interest rate, >> which is way better than 27. >> It is. Doesn't matter when you raked up.

to 27% again. So, what's bigger than 27. or 11? >> Did you not just hear what? What did I. just say? >> I wasn't paying attention. >> You are. >> And I'm not going to repeat it for you. cuz I You're just I buddy, you're a lost. uh the future of our country. Thank you. >> [ __ ] stupid. Student loans. Okay. This is for the original degree, the. original marketing degree with the low. GPA. >> Yeah.

>> No. So that one is that one's actually. for the marketing degree, the second one. because like I said, the first one was. paid with a grant. >> Okay. >> On these student loans, which are you. still borrowing? >> Uh for right now, yes. Yes. >> Great. What's your next semester cost? What's the first semester cost? >> So right now I'm in the summer semester. and it was $1,200 which I did pay off. Um so I would imagine that would be. another $1,200 since I'm taking three. courses. >> Okay. Well, you're over $12,26. for now. Obviously no payments cuz. you're in school. So. >> I I have been paying on it though.

>> just like interest. >> uh just a h 100 bucks like. >> why. >> just in case uh I I don't know if they. were all consol or um subsidized loans. or unsubsidized so if any of them are. >> two are unsubsidized. >> Yeah. So the ones that are acrewing. interest I think that's what the. >> I would pay just interest only and then. throw the rest towards the rest of the. debt though. >> Listen. Yeah. And here's the mortgage. This is crazy. Down payment assistance. and deferred balance of 16,447. Yeah. down payment assistance.

>> Yeah, like I said, I I didn't put. anything down for the house. So, that. was our down payment. It was with the. assistant since it was like a first. home. >> Come on, dude. >> Since it was like an FHA. >> What the are we doing? $323,89144. owed on this with a minimum monthly pay. pass due 13,000. Kill me. Okay. Total. amount due 17,382. So, what is your plan. here, buddy? If you cannot sell, what is. your plan? cuz I don't I don't know. >> So, right now, like I said, we are.

lowering the price to be more. competitive. And if not, then we'll keep. lowering. >> showings. Yeah. And we're going to be. doing an open house this weekend. So, hopefully we get some people coming. through now that it's priced. differently. But. >> I doubt, >> you know, if we end up lowering the. price to the point. >> it doesn't look like a very nice house, >> it's okay. I mean, >> it's fine, but for what you're trying to. get. >> Yeah. And uh the so the point that I'm. at right now is if it ends up being a. short sale, then I can contact the.

mortgage company and put it into kind of. like a limbo stage to where it's not. going to get foreclosed on. And then. after a couple months of being short. sale, if it doesn't sell to somebody, then we could do it a de a deed in L. That is what I was told the last time I. called the mortgage company. >> Might be the only thing left at this. point, buddy. And it just absolutely. sucks. The way he went about this is so. and the payment that is due right now is. insane at a 6.75% interest rate. It's.

crazy. >> I don't even know if that's a good rate. >> Huh? >> I don't even know if that's a good rate. >> Fine. This is kind of where rates are. >> and that's why I wanted to get the house. because I didn't know what was going on. with the market. I didn't know if rates. were. >> I knew rates were kind of at the peak. really. >> Yeah. I didn't know about the rates if. they were going to go higher or if they. were going to stay stagnant at the time. So, it was going to go stag down. It was. >> like inflation was cooling. I don't. think. >> Okay, interesting.

>> Okay, checking account. Got about 1,800. bucks in there. Down from the last. month. Uh, Grass Barilla Bar, Starbucks. going in and getting some BS from. 7-Eleven. Ven Ven Venmo $80. FPRG.com. ABC Fine Wine going in and getting some. BS. Crumble Cookies. Uber Eats car wash. Great. You live in Florida. Who the what. the are you doing? You're not in a. desert. You're not in snow. Stop with. the stupid car wash. You move out of. your parents house. fprg.com.

What the What is that? >> I actually don't know what that is. >> Well, you spent there twice so far. >> What were the amounts? >> One was 99 cents the last one. The other. one was 7 $7. >> That might be micro purchases honestly. for a game. >> What the is wrong with you? You now. you're a gamer collecting F1 posters. living in your mom's basement going into. a Mustang. This is not a good look. PayPal. PayPal. Smoothie King going in. and getting some BS. Find wine. Going in. and getting some BS. Going in and.

getting some BS. Going in and getting. some BS to Smoothie King. Car wash. again. More shoes. How many shoes do you need. in one month, [ __ ]. >> It's the Hey, dudes. They're comfy. >> I don't give a How many do you need in. one month? I only have three. >> Shut the up. ABC fine wines. There it. is. $5 of the micro games. Oh my. goodness. It's Clash of Clans. He's just. endlessly going in and cash Clash of. Can. He lives in his mom's basement just. Clash of Clans that joke you are. No,

but I'm also not a joke of a human. being. >> It's fun. >> It's addicting obviously to you cuz you. spend money you don't have. >> Laid on mortgage, spend it on Clash of. Clans. [ __ ] off. It's a good game. >> That's all I got to say about it. You ought to give it a try sometime. >> Is that what Jenkins is playing? What. are you watching? Streamers playing. Clash of Clans.

>> No, I don't watch the streams. I don't. have time for that. >> Well, you're playing Clash of Cl. >> I don't have time to watch other people. play video games. Are you kidding me? >> People usually do it in the background, but I I get it. I mean, if I'm not doing this, then I'm. watching your show. >> Well, you've clearly taken away nothing. You're a [ __ ]. >> So, Clash of Clan instead of moving out. Oh, what a life we are living. Oh, [ __ ] dude. Clash of fans instead of.

moving out. Going to gain some BS. Men's. depot. Clash of Clans, $7. Smoothie. King, Fit Stop Eery, Barcelona Bay. Store, Belliscina Italian Cafe, Texas. Roadhouse, Texas Roadhouse, AMC, AMC, Fit Stop Eery, Crumble Cookies, Clash of. Clans, $10 that time, going in and. getting some BS. PayPal, Fit Stop Eyer, Dave and Busters, ABC going in and. getting some BS. Ben $30 and Spotify.

again. We have Spotify on our credit. card already. I have two Spotify. I I. believe that's when I transferred it. over to my debit card, >> dude. >> Yeah, I didn't want it on the credit. card anymore, so I put it on the debit. and I believe it it. >> char 800 in this one down from a,000. This is our savings. Savings are only. going down. Great. So, we can do Clash. of Clans. $2,512. in this high yield savings account. >> That was my start at emergency fund. >> You have 30% interest. I understand.

wanting to have a basic to start with. $19,26. in retirement. Definitely behind for. your age, but you should be cuz you need. to pay off debt. >> Yeah, I started late with the. retirement. I wish it was definitely a. little bit better than that, but that's. where we're at with it. >> That's fine. I just need you to. hyperfocus on paying off debt, dude. Let's see if we can budget our way out. of this. I don't know, man. Little hope. the mortgage. We won't add that payment.

into it because you're either going to. foreclose or get or done or just sell or. deed thing and just stupid. >> You got quite the collection here, Caleb. >> No, honestly, you do. $5,000 is what. comes in on a monthly basis. Okay, wonderful. Great. Let's get your debt. minimums, not mortgage included. Now, do you. do anything like internet or utilities. for the household? Uh, currently no for. it, but I did just recently start paying.

utilities for the house. >> What house? >> For the the house mentioned like with. the mortgage. >> So, I'm paying. >> Okay. Your debt minimum monthly payments. not including your mortgage $1,5.37. That is insane. That is disgusting. Good. thing we're doing Clash of Clans and F1. posters. >> What is the uh utilities? >> So, it was 300 initially for the water, but that's going to be about $80. afterwards. >> Yeah. And utilities in total. >> in total $200.

>> Okay. $200 for utilities. Okay. Gas room. vroom vroom vroom v room v room v room v. room v room v room v room drive for your. special little car. >> about 150. >> Car insurance. >> 130. >> It's not horrible. Phone bill. >> Phone bill. I don't pay anything. >> He is a man baby. He is a man baby. Okay. If T-Mobile's good in your area, do Helium once you have to pay for your. phone bill. If you ever do groceries, do. $300. You can do it. Use the meal plan in the. budget friendly cookbook and use the. budgeting app. You can do it for $ 250.

We gave you 300 for wiggle room. TP. fund. Anything else you need to survive? $100. Medical healthcare co-pays. >> That's automatically taken out of my. paychecks. >> No co-pays. >> Yeah, I don't I don't have any. >> What about gym? >> Uh gym right now, I'm paying 30. >> Okay, that's okay. Subscriptions, I'll give you 25 bucks. >> I don't think I need that much, honestly. I'll give you 15 bucks. Do you. have pets? >> Yes. >> That's right. Okay. The dog. >> Yes. >> Just one dog. Just one dog. Age and.

health. >> He's five. >> You have pet insurance? >> No. >> Okay. I'm going to put in 40 bucks. Get. good pet insurance. A lot of them are. sketchy. >> Do you have like recommendations for pet. insurance? >> What is it? >> Spot pet. >> What is it? >> Spot pet. Spot's pretty good. >> Okay. Uh, and pet food. How much? >> Uh, about 60 a month. I would budget. I. can show you a picture of him later. The. dog. >> Quiet.

No need. I will find him cute. What you need to. survive, and this is what's crazy, without the mortgage, I mean, it's only. half. $2,530.37. So, I would just eat the loss on this. house and just try to get out of it or. get it rented or I don't know, man. Cuz. without it, you should be able to pay. off debt pretty damn quick. You have an. extra $2,469. left over. And for the girlfriend and. everything in fun, I'll give you, let's.

say, this is called $469 of fun money a. month. So, $2,000 left with your what. was it? $55,000 of bad debt. >> Yeah. >> Well, one sell the car, get rid of that. Boom. $10,000 beater. $15,000 towards. debt. Now you have $40,000 of bad debt. >> Well, student loans were minimum monthly. payment until we're paying that off. >> I was just about to ask you, >> what is that? That is 12,000. So -2, $26.91. So we have bad debt. $27,9739. Divide that by the $2,000.

Uh takes 14 months to pay off, just over. a year. It's not that bad. You can move. out, live a life with a girl. But. >> that's actually a lot better than I. thought. >> Yeah, that requires you one selling the. car. Two, doesn't take care of the. student loans. Three, budgeting. And. actually sticking to a plan for the. first time in your damn life. It's. pretty simple, my guy. I I I listen, come back on the follow-up channel and. prove that you can do it. But I'm having. a hard time because listen, you've tried. to do so many plans. That's my plan.

Then you never do anything. You just. consolidate debt or transfer debt and. spend all this money on [ __ ] You. spent so much money on [ __ ] It was. [ __ ] crazy. And live with your. parents while you just do Clash of. Clans. So, I good luck. Good luck. We're. going to call some of them in the post. show. So, make sure you join Hammer. Elite, the best YouTube membership on. the platform. Let's get this Hammer. financial score. Spending in a budget. Well, you overspend. So, 0 out of 10. Debt, you don't have collections. Oh, behind on the mortgage. It's It's a. one out of 10 for sure. Emergency fund.

Oh, is it 2500? I'll give you a two out. of 10 cuz you'd want a little higher. than 10 anyway. What was your retirement number? It was. 19,000. >> Okay. For where you're at, >> it's at 21 right now. >> 30. Yeah. It's about a three out of 10. Definitely behind for your age real. estate zero. You own real estate. You're behind on. the mortgage. I. >> I'll give you a two out of 10. >> I'll go with two. >> Hammer financial score. Round it up. Just barely making the cut to two out of. 10. Join us in the post show, guys. Best.

YouTube membership on the platform. I'll. see you there. Join Hammer Elite. Link. in the description below. You want to. call the mom and confront her? Has your. son ever sucked? I would hope not. >> Confirm. Mom hates the gays. >> Why do you allow him to stay there if he. spends all his money on BS? Can he do. anything? >> I don't think he can, which is starting. to make me look like a failure. >> Are you willing to kick him out so that. he can actually figure it out? >> Exclusive members content. Click the. link in the description or pin comment.

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