He Just Sucks… | Financial Audit

You've been gambling since forever, right? >> Depends on if you're talking about. gambling with golf or gambling at the. casino or gambling playing poker. >> You have a kid. Yeah. >> Or his mother. >> She's not in the picture. Call her. She. has no idea about this. >> Nope. >> Hello. >> He just keeps blaming everything on you. He's like, "Oh, she left and I have to. make all the payments and I had to take. out more debt. It's all her fault.". >> No. So, that's definitely not the case. Bundle all of my educational programs. I've ever made, plus the premium version. of my budgeting app for not only 80%.

off, but also with a free trial today at. dollarwise.com. Join the tens of thousands of people. who've changed their lives enjoying. DollarWise Central right now for free. My name is Zach. I'm from Dayton, Ohio. I'm 25 and this is Financial Audit. >> Thanks for coming down to Austin, man. What do you do up in Dayton for a. living? >> I am a contract specialist. So, I I type. contracts, write them out, and review. them and whatnot. >> Oh, okay. But it is a full-time job, not. a contractor.

>> 100%. 40 hours a week. >> Good. What are you making? >> Uh, the salary is about 93,000. >> in Dayton. >> Yeah. >> I mean, that has to stretch honestly. pretty deliciously far. What hits your. account on a monthly basis? >> So, let's see. About 2230 per paycheck. So, like uh roughly 45 per month. 4,500. >> Okay. So, just you? >> Uh it's me and my son together. >> Oh, a kid. You have a kid?

>> Yeah. >> How old's your kid? >> Uh he's about to turn four here in. September. >> Or his mother? >> Uh that's partially why I'm in this mess. that you have in front of you. She's not. in the picture with me anymore. >> Well, how's that a part of the Well, okay. What's the part of the mess then? What What are we dealing with? What's. the mess? >> Well, we were together for about 5 years. and then decided to buy a house together. before we had gotten married.

>> You were together for 5 years, so. marriage looks on the horizon. Listen, it's not necessarily what I would. advise, but I at least understand it. Okay. >> It was 100% on the horizon, and in my. mind, it was probably going to happen. within a year after purchasing the. house. >> Well, I mean, you're able to propose. whenever you want, big guy. >> Yeah. Yeah. >> Kind of let you in on a secret there. >> Yeah, I know. Uh to be honest, we we had. fought for a majority of the. relationship back and forth and didn't. really get all along all that well. >> What? Why? Why were you together for 5. years then? Why'd you get a house with.

someone you're fighting? What were you. guys fighting about? >> Just stupid. We just did not get along. We didn't feel compatible at the time. It's. >> But you stay together for 5 years. >> We had a kid, man. Like, it's different. >> Oh. Oh, yeah. How long into the. relationship did you guys have a kid? >> So, the kid's four right now. And it was. he was born in 21. So we were. >> Yeah. But how long were you guys. together at that point? Cuz I don't know. when you guys split. >> We were together for like 3 years then. had the kid. And. >> So we were together for 3 years. And why. did you like that to get a kid? >> Well, she got the birth control taken.

out and lo old. No, she she told me. >> Oh, then why? Okay. Why are you setting. it up like that? >> Well, because that's the way it. happened. I I wasn't all that surprised. that a kid came. She seemed to be. somewhat surprised. I said, "I don't I'm. not sure how, but it just happened, man.". >> Why were you guys together for three. years before the kid if you guys were. just endlessly fighting and dying and. hating each other? >> It it wasn't bad all the time, you know? We. >> Well, that's what you're framing it as.

>> Yeah, it it did honestly feel kind of. that bad at the time. >> This guy Okay. Yeah. >> Yeah. >> What? >> She just left, man. Once we got. >> She left. She decided to just leave. >> So, you got the house. When did you get. the house? August the 23. >> Cool. When did she leave? >> January of 24. Four months later. >> Okay. So, it wasn't immediately, but I. uh. >> I get it. >> Four months later. >> Yeah. It wasn't immediately. >> Yeah. No, >> she Yeah, she paid for half of the.

mortgage for four four months and then. let I left. >> Okay. And what was the leaving? Did she. just like run away? Was it a storm off? What happened? She. told me she she brought it up like in. December that she wasn't feeling us. anymore. She wasn't feeling it. And this. was 2 months after we bought the house. or whatever. A few months after. >> Yeah. >> Um and. >> the kid was like three two. >> Yeah. Two. And she thought the grass may. be greener on the other side. Man, she.

just left. >> Probably is. But. >> it could be. But. >> to be honest, she a couple few months. ago tried to come back. And. >> no. >> Why? Mother of your kid. >> It it was this was like a year and a. half later. >> Well, yes. >> Mother of my kid. How time works. That. was that was why I contemplated it for. >> so why did you turn it down? >> Are you struggling to live on your own? I mean, $4,500 a month. I mean, again, for day in, not bad. But you went into a. house with a dual income household. situation. >> Yeah. So now this, she said this after.

my cousin had moved in to the house. So. he pays. >> So a cousin's a roommate. >> He pays me. Yes. He's not. >> Okay. Well, that's fine. But a cousin. that So, it's you, your cousin, your. kid, >> correct? Yeah. >> Okay. So, >> cousin also has a daughter who lives. there about half the time. >> How big is this house? >> It's four bedroomedroom, one and a half. bath. Two stories. >> Okay. Okay. So, what's going on, big guy? What.

are we talking about? Uh, I probably. should have sold the house when she. left. >> I. It was We' already already moved in. I. We paid movers to Yeah, we paid movers. to move move us in. >> Um, and I I just stayed. I just She. agreed to leave and I just stayed and. said I'd make sure the bills got paid. and they did. But the credit cards. >> Why do you sound like you're from Texas, but you live in Ohio? That's that's.

that's what they've asked me. I get. that. >> Put in your address. >> Paying a lot. >> What was your purchase price? >> 241. >> How much did you put down? >> We used the down payment assistance. loan. >> So, well, you probably have a little bit of. equity in it. >> Yeah. >> But I don't know. Zillow sometimes overd. does it. It's a little hard to tell, but. it's showing about 280. >> Yeah. >> And what you said it was 240. >> 241. Yeah. And it's I mean I still owe. 241 on it with the down payment.

assistance loan. It's a horrible rate. Um we we really shouldn't have bought it. at that rate, but we got approved. We. were just we were just Oh, we got. approved for something. We both had. upwards of 10K credit card debt a piece. at that point when we bought the house. So, of course, we couldn't. >> What is going on today? >> Well, I dug a hole that I couldn't dig. myself out of. I finally got a raise to. the current salary that I'm at like two. months ago. >> Okay. >> So, that's made it a little easier. Now,

I see the light at the end of the. tunnel, but I dug too far down the. tunnel, I think. >> So, why aren't you going out of it? Well, that's why I'm here. because I think I figured out what I. should do or I've done some stuff maybe. I shouldn't have done. Um, took took most of my 401k out with my. job. I withdrew it and I took a loan.

from it last year. So, >> yeah. And by the way, then the producers. tell me what's actually going on. You. have a kid. You're trying to take care. of the kid. Okay, that's great. But then. you have you're just gambling your. money. So, what the are you trying to. What What is this little Saabb story? What are you talking about, dude? If. you're just going out there gambling all. your money, don't [ __ ] around. Don't. [ __ ] at the beginning of the. conversation. What is going on? You're gambling. You're gambling. You're blowing all your. money digging in the whole your hole. You're gambling away. You have.

>> I win sometimes. I mean, >> yeah, everyone wins sometimes. >> That's one of the only things I like to. do. Gambling and playing golf. >> Yeah. How about take care of your kid. would be something nice to do. And I do. that religiously during the time that I. have him. And then I. >> religiously then why are you struggling. so much? If it's religious you. >> because everything I do is for him. Like. >> everything you do gambling. >> Okay. >> Golf. >> That's without him. Golf is with him. also. You say. >> with a 40year-old. >> Yeah. Yeah. Catch my little Tiger Woods. out there.

>> How often are you gambling? Uh, depends on if you're talking about. gambling with golf or gambling at the. casino or gambling playing poker. Just. depends. It's probably three, four times. a month. >> What? Wait, you came to Austin early just to play at. the lodge. >> Yeah. >> The even is that? >> It's the card club here in Austin, >> buddy. What is wrong with you? >> I've watched them for a couple years. I. I love the show. You. >> watch them? >> Yeah, they have a live a live stream. They have a live stream. >> Oh, good. And were you in it?

>> No, I was not in the live stream. >> Well, then what the what was the point? >> Well, at the time I did think there was. going to be a live stream that day, but. >> So, we know what hits your account and. it's correct. It was 4,465. So, 4,500. Great. What did you spend last month. religiously taking care of your child? >> Gambling your life away. Honestly, >> I'm going to say. $4,500. >> That's great. It was $6,477. So, what the [ __ ] are you talking about? How are you taking care of your kids?

That's not taking your care of your kid. This hole, this magical hole that you're. talking about, that's going deeper. Going through the center of the earth at. that point. That's not trying. What are you talking. about? All you care about and think. about and try to do is take care of him. >> And and that's during during when I have. him, man. Like I Well, it's my hobbies. hobbies. Golf and gambling. So, we don't. have anything in the court for split. custody, but we do basically do 50/50. all the time. What the is your problem?

You only have him for half the time. >> I probably buy too many things for him. Pools, toys, >> pools. >> I got a small pool for him this summer. >> I doubt that's why you spend $2,000 more. in a monthly basis. >> It's not the full reason. I I spend. stuff on food. I mean, can't you tell, fellow widebody? >> Yeah. >> Let's not compare on this scale. >> Oh, man. Yeah, it's uh. >> Yeah, your food spending alone was. nearly $600.

>> M 600. >> More like yum. >> Yeah, yum. >> Oh, that was miscellaneous [ __ ]. Going out to you was closer to three. >> Three. Okay. Well, that's not bad. >> Well, it's bad when you're spending more. than you make and you can barely afford. to keep the house over your head. I. mean, you have a cousin living there. with their kid in order to help. >> Yeah. >> You can't take care of the own place. And you admitted, self admitted that you. should have sold it already. >> I should have sold it, right? But we. were going to We would have to pay. We. would have had to pay thousands of. dollars. >> You're paying thousands of dollars.

>> I know. And. >> the are you talking about? >> In retrospect, maybe I should have sold. it, but I like that I kept it now. At. this point, I I feel more at home now. I. I want to get her Her name's on the. house. >> Her name's still on the house. Okay. What's your relationship today? >> It's only. I mean, she just came back to get. together. >> It only has to do with my son. So, actually after she had asked about. getting back together and moving back. in, like a month later, she had a new. boyfriend and then now 4 months later is.

moving in with him. >> Yeah. >> Yeah. Ohio's a freaky place. I get it. >> Yeah. >> Okay. But you guys are amicable. >> We're amicable. >> So, to get her off the house. Okay. What. calls have we gotten to the bank? What. ideas of refinancing are we? >> I've. 7875. >> Yeah. I mean, if you refinance today, if. the bank would even let you, I don't. know. You have a lot of bad debt. Well, no [ __ ] You got $41,000 of bad debt. Then you have $242,000 of other debt. Only 229 of it being the mortgage. So,

you got federal student loans. You got. Chase Slate Edge and Bank of America, too, which are probably a lower 0%. interest for the moment. Yeah. Instead. of paying those off early, we go to the. lodge early in Austin. Yes. And. >> gamble because it has a stream. >> I spent like 10 hours there the other. day. the [ __ ] is this? You have a child to. take care of and you're. >> he's with his mother right now. I don't. have to take care of him right now. >> Part of it is finances. Your finances.

affect him. >> What college are you paying for? You. already have student loans. So, I know. this. I know for sure you're not paying. for his college. >> Maybe not right this second, but once. I'm out of this bad debt, >> how do you get out of this bad debt for. 10 hours at a gambling table? Buddy, we're filming here on a Tuesday. You. could have been here Monday night. You. came in over the weekend to gamble. >> And I'll probably be there after this. >> I'm sure you will because why have any. kind of growth whatsoever? >> How much are we. >> in Austin? I got to check. >> Austin, notorious gambling town.

>> What is the amount that you're spending. on gambling? >> Uh, >> would you even know? I guess you didn't. even know that you spent more than you. brought in. >> I bought in the other day for 250 bucks. twice and lost. So 500 the other night. Yeah, just the. other night. I'm talking about just. ongoing basis. >> Yeah. Yeah. Living life. >> I would say I'm losing at least 5600 a. month. Bro, >> what is wrong with you, buddy? You. already spent 2,000 more than you bring. in. 5 to 600 is a substantial cut of.

that. >> I know. I know. >> You know, yet you do nothing. You're a. father. >> It's something I like to do. It's. >> You like to do or you're addicted? >> Not addicted. I think if I wanted to, I. could slow down and quit. I don't really. want to all that much. >> really. Even though you literally cannot. afford it and your kid does not have a. college fund and your retirement's a. joke and you have a really bad debt and. you can't even get out of your own damn. house. >> and you want to. That's our priority. That's our priority. I just said you. want to get out of it. >> I don't want to get out of it now. Too. far into a hole to want to get out of it.

now. >> That's not true. You have an equity. position. You dumb tit. >> I want to get it refined. >> You have an equity position after fees. and commissions. Yeah, you might break. >> You're saying get out of the house now? >> I don't know. I don't know what the what. what's your mortgage payment? >> 2082. Well, that's half your income. So, yeah, let's get out of the house. >> What? Well, if you add the 800, is it. half the income? >> I know. What? >> The 800 I get from the cousin? >> Yeah. And that's good. Only 800? >> Yeah. >> And that helps. But does cousin want to. live with cousin forever? Does he want.

to stay there forever? >> I'm sure. Probably not. No. >> Yeah. And you already have a substantial. income. Yes. I hope it goes up, but you. already have a substantial income and. you couldn't afford this mortgage on. your own. If I refinanced it, could I afford it? >> Uh, maybe. Rates aren't that much. better, and with your credit score, I. highly doubt you'd get much better of a. rate. So, I don't know what you're. talking about. Unless you're getting. like a wild 40-year mortgage. >> No, no, no. >> Why does it matter? You're going to make. it past the 30-year mortgage anyway. No. offense. >> Shut up.

>> No, no, no. That's not even a joke. >> I'm down 10 lbs. And. >> that's good. But I do react content and. we just we just watched this. Uh, >> well, this isn't fat and fatter. This is. financial audits. No, for this one it. would be fat and fatter and fattest. >> Who's fat? Who's fat and who's fatter on. the show there? >> You. >> Who is and your other show fat. >> again? It would be fat, fatter, and. fattest. >> That's not the point. >> That's not the point. People, we we, you. know, the community and I if we've been. doing the live streams, we dove a lot. into health statistics and a lot of. stuff and content creators that are in.

like the morbidly obese world, which are. in the morbidly obese world. I'm barely. in the obese world, almost out of it. But either way, yeah, they die in their. 30s and 40s. You want to be around for. the kid. >> I was thinking more 60s. >> Your body isn't, your heart isn't. >> Well, I hearties aren't. >> I've been getting. >> and that part I will. Yes. 10 lbs is. good. 10 lbs over. >> a month since I've started. >> That's good. Mostly water rate. But that. is good. Keep going. Okay, that's fair.

enough. So, >> what have you done to try to get out of. the hole then? If our entire thing If. you. It's 170 calories right there. Liquid. You're drinking liquid calories. What's. even the point at that point? Big guy. >> 46 gram of sugar, too. But I got a water. here, too. >> And you're drinking the 170 calorie. Mountain Dew instead. >> It's my favorite. >> So, what? That's great. I want you to. live for your kid. But that's why I was. saying a 30 40-year mortgage doesn't. really matter cuz I don't think you're. going to be. >> I drank I drank a 0% Monster. A zero.

zero sugar monster right now. I don't. care. You're drinking that right now. It. doesn't matter. So, what have you done to try to get out of. this hole? If you're acknowledging. you're in a hole, what have you done? >> I mean, told you hired a financial. adviser. >> I withdrew all I could from my 401k. >> That's digging out of a hole. >> I I had over 30k just in credit cards. and now I'm down to like 10% penalty and. then you're taxed at your tax rate and. you're not at an insufficient tax rate. by any means. So, you paid essentially.

what maybe like 20% overall. So, it was. like a 20% interest rate on your 401k. that you essentially were charged lost. Yeah. >> And then put that towards your debt. Hopefully, your debt was like 30% that. you put it towards. It doesn't even. matter because your debt is still. 41,875. How much did you have in. retirement? >> I currently have. >> had. >> had. like 30. >> You pulled out 30. >> I pulled out 10 something. But. >> when. >> like um less than 2 months ago. >> Oh, for sake. Without changing any. behavior, we just saw you spend $10,000. more than you made. 2,000. Maybe that's.

maybe those numbers include me paying. off more on the credit card. >> debt. I don't think so. Typically not. Not that I see, but maybe. We'll see. No, it wasn't. Debt payments totals. about $1,000. >> Not net though, cuz we know that ain't. net at the end. That is what you put in. before you spent any money. So, again, I. have a note that you hired a financial. advisor. >> Yeah. >> What happened? cuz you're a mess.

>> He. >> You're literally giving all your money. away. I don't get it. >> He suggested that I pull out cuz pull. out a lot of money. Pull out my 401k. because. >> automatically he didn't see your. behavior and if you just that it doesn't. work if you don't change your behavior. cuz then any debt you pay off, you're. just going to build back up if you don't. fix your behavior first. >> And that's that's bad financial advice. >> That's part of these credit cards. I. balance transferred and then just racked. up the other the credit card again. >> People want to jerk off out there. Kale. doesn't even have a financial advisor.

license. Yeah. Well, look what a. financial adviser just told him to do. and look how it turned out. >> I still have 15 something in the. retirement account. >> Yeah, that's half. >> Yeah. >> Don't need a certification. CPA for that one. >> Yeah. >> CFA or any of them. >> I thought it was a good idea because I I. we we did all the numbers. We calculated. how much all the bills were and. >> yes, it goes towards debt, but without. changing behavior, debt goes up and debt. went back up again. You just said that. So, what the are you talking about? Why.

are you still trying to go on about. that? We just went about that, dude. >> By the way, I also have in the gambling. world that you don't keep track of. losses. So, I don't even believe you. when you say $5 to $600 a month cuz you. told Colton the producer. that you do not keep track of losses. >> No. So, you wouldn't even know, but. overall lifetime, I've maybe only down a. couple thousand. >> You wouldn't know if you The guy who. doesn't track losses is trying to tell. me the what he's down. What the are you.

talking about? You've been gambling. since forever, right? >> Again, I wouldn't I honestly wouldn't. care as much if you weren't a father. >> It's what I like to do when I have the. time. >> There's a lot of things I like to do. Doesn't mean I'd go do them. I'm sure I. would love it, but if I did it, that. doesn't mean I'd do it. The idea is that. I win and that I can pay off some of. these cards. >> Hey, that idea has completely failed. So, shut the [ __ ] up. Did your financial. advisor tell you to do that? >> I Do you know the gambling doesn't come. up? >> How much did you pay this financial. adviser? Gambling didn't come up and. don't get about your finances to a.

financial adviser? >> No. >> Okay. Why would I bring that up to him? He didn't ask about it. >> Substantial amount of your money going. out. >> Okay. So, how much did you pay the. financial adviser? Um, I have life. insurance through the financial advisor. So, for a meeting with him, I don't. technically pay him for that. >> What is this actively managed fees for. your life insurance? >> Yeah, I actually don't know. I have no. idea. I have zero clue how much I'm.

paying. I know how much the bill is for. the life insurance, but I don't know. >> And what's that? >> Like $86. locked in before I was fattest. >> You used to not be fat. M I mean. first year of college was my lowest. I've since gained about 70 lbs. >> 70? >> Yeah, >> it's a lot. >> Yeah. So, I guess 80, but I'm down 10. So, but yeah, it's tough. >> Let's talk about student loans. I know.

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yrefi.com/hammer. That is yfy.com/hammer. Or call89733978. That is89733978. Break free from the high interest trap. and get your finances under control once. and for all. Well, no. He didn't care. about giving you adequate advice on your. life with him barely making much. Honestly, >> I think the main issue was that I wasn't. making what I'm making now and I had the.

house the entire time. Didn't have a. roommate either at the time. I just. spent on the cards the entire time. >> What is this? Why do I have this note? They're giving me this note. He thinks. Vegas will fix his life. What the does. that even mean? That sounds like the. literal villain to your entire story. >> I may. >> What are you talking about? >> I may or may not be going to Vegas in. September. >> Why? That's like the worst city you. could pick for you. >> Have you been? >> No, I've never been to Vegas. >> Oh, no.

>> I've never been. >> And it's going to be great. >> No, buddy. Are you not on this show to. fix your. >> I am? >> Then what the is wrong with you? You. know, Vegas is bad. >> My I wasn't going to go. My grandma, sister, mom, >> grandma, >> she wanted to go. She had never been. She wanted to go. And it's the LA It's. like our last family vacation ever type. thing. >> What? >> I bought the plane ticket like. yesterday. >> Are they all dead? Dying. >> Well, she's older. >> How old? >> Like almost 80. >> Okay. People with 90s. People make it.

200. I don't know. That seems Why ruin. your life? >> There. I paid for the tickets. >> You couldn't have advocated for. something different. >> She wanted to go see some show. I'm not. even going to the. >> Yeah. Yeah. You're going to be at the. casino. >> Yes, I will. At the poker table. Poker. It's not It's different than slots. Poker is more of a skill game. >> Guy, you've lost like everything. >> I haven't always lost. >> No, but net you have. And you do not. keep track. So, you cannot tell me.

otherwise. >> Yeah. And if you tell me you can quit if. you actually wanted to, then don't then. don't then when you go to Vegas, lock. yourself in the room and go to the shows. and go to the buffets. That's it. >> I I I. >> if you can stop anytime you wanted to, I'm telling you to do that. >> Go to Vegas and don't go to the poker. table. >> Correct. For someone like you that in. Austin, a non-gambling city, you lost. $500. >> Way that I'm going to do that. >> Lost $500 in Austin, a non-gambling. city. And the day before to you, I don't. want to lie to you. the day before you.

came on financial audit. >> Yeah, but it was one of the only things for. that I like to do here in Austin and it. was like D. >> No, we also like to eat and we have a. lot of Texas barbecue. >> and I I went to Terry Blacks yesterday. >> Well, you went to the worst one. Congratulations. >> What's the best one? >> Literally every other barbecue. restaurant that has a tourist trap and. it is. >> I'm sure you know. >> Yes, Smith. >> Myth away. >> Law Barbecue. >> Law Barbecue. Okay. Well, thanks. I. might be there after this. >> Better than gambling. But dude, that's. not what we're talking about here. So,

you had to buy the what tickets? What. tickets? You had to buy the plane. tickets. >> I bought the plane ticket. Yeah. >> How much? >> M like 600. >> Good death, dude. Again, you sent $2,000. money that you brought in. You have a. child. They do not have a You You You. drained your retirement in half. You're. dramatically behind now. I mean, dramatically. I don't know. You actually. You were pretty damn on track for third. with 30. >> I know. >> You were on track and that's gone. And. then you built your debt right back up. again. This financial advisor needs to. get never hired ever.

>> It's been tough. I will have to say. >> it's been tough, buddy. This is. self-inflicted as ever. >> I think it's not the majority of the. baby mama leaving and me not selling. >> Go ahead. Tell me what what what went. wrong when the baby mama left. Then. >> I didn't sell the house and I decided to. stay in the house and and I made $700. >> You have someone that pays for how long? I He just moved in in March of this. year. >> And so how long was it? >> A year and two months by myself.

>> Would you allow that? >> It was still personal choices. >> Yes, it was bad. And it was personal. choices. I I said it was like 60%. I. mean, would it be the best? No, she. left. Okay, that sucks. But then you. were able to choose what you do next. >> Yeah. >> You chose to sit. >> I did. I I just thought it'd be easier. I didn't want We had just moved in. I. had just painted the entire inside of. the house myself. >> That must have taken months. No, it. didn't. It took me a couple weekends to. do all the bedrooms, all the downstairs.

I can't, you know, the weight doesn't. mean everything. I I'm still active. Don't give that look off the off camera. Listen, I don't know. I'm concerned from your. future out of the gate with this. The. reality is. uh you just can't stop the gambling. Struggling stopping the eating as well. Did you start the Zimpic? >> No. Is that what you did? So you're. going. >> I'm not ever going to do that oympic.

Are you on the ompic? >> I wish I could. I can't do needles. But. >> you can't do needles. >> I can't. I would be so much further down. >> pin type thing. >> Oh, dude. I would totally do it like. this if I could. Really? >> But I can't. So I'm just. >> I know some people that have done it, but I always. >> It doesn't matter either way. It doesn't. matter. I'm glad you at least lost a few. pounds, but even still, like unhealthy. lifestyle for the kid and the kid also. what their parents have. Not only that, but you can't stop gambling. You spend. $2,000 more than you make a month. You're going to Vegas. You're not fixing. anything. I'm immediately concerned. going in going into this conversation.

Anything else I need to know before I go. into these numbers? No, I think I think we're good. >> All right, then. What do you think your. financial score is? 0 to 10. Zero being. the worst, 10 being the best. >> 2.5. >> Okay. If you want your financial score, take the assessment at caleb.com or. dollarwise.com. It's free. Check it out. You'll see. where you stand. And if you don't want. to be like a guest on this show, make.

sure you download the Dollar Wise. budgeting app. Take the free trial. Sign. up for the annual version if you want to. save a lot of money and also get my. budget friendly cookbook signed by me, mailed directly to you. Sign up for. Dollar Central if you want all of our. educational products and the premium. version of the app bundled together for. 80% off dollar.com. Let's get into this. Okay. Okay. What am I going to say? Oh, immediately spending. Who would have. thought? >> What card? >> Discover it. So, what's going on with.

this? >> I've had the Discover it the longest. I. got that in college. Um, spent on it. through college. Uh eventually got a new card, transferred some of the balance, and. then honestly I think. >> you transferred some of this balance. away. >> Correct. Yeah, >> buddy. It's border. >> If it wasn't for that little bit of. money that came in because of that, this. was maxed out. So your balance. transferred, this was maxed out. And. then you immediately do the same thing. without changing your behavior. This is.

going right to Max again. And I already. see spending on here. >> I'm going to blame it on the ex baby. mama for. >> Well, hold on. That was like 2 years ago. at this point. What are you talking. about? >> It wasn't 2 years. It's been a year and. year and a half. >> Okay. It's been a year and a half ago. How can you blame this on baby mama? >> I spent on the card all throughout the. time that I had the house. >> No, no, no, no. We're talking about the. fact that you pulled out a retirement, put Well, no, no. You did the the. transfer. You transferred away some. balance, built it all the way to max. again, and now you put a little bit of. your retirement towards it, but you're. already starting to spend, and you're.

going to put it to the max. How can you. blame baby mama on that, dude? The plan. is now to start being more financially. >> Oh, that's the plan. >> Great. Which is why he's going to Vegas. What the are you talking about? You. don't have a plan. You're just winging. it and having fun, dude. You don't care. You love your kid, but you don't you're. not putting in the actions that are. required for a financially responsible. parent. It's a $200 minimum due payment, which. is chunky. Add that to your mortgage.

The cousin ever wants to leave. Why' the. cousin move in? Ladies and gentlemen, a. financial audit. This is one of the most. exciting moments in this channel's. history. You know, I've been working on. building all these educational tools, our budgeting app, all this crazy stuff. over this past year cuz that is where my. passion is. We finally did it. And now. we put it all into one program called. Dollar Central. You get the premium. version of my budgeting app. You get the. cookbook mailed to you and signed by me. You get to learn about debt, investing,

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change. It'll be incredible. And I am. here for you with an incredible support. team that you can reach at any time. This is a no-brainer. dollar.com. Let's. go. >> Him and his girlfriend/babmama. of 5 years also broke up. >> [ __ ] Ohio. Okay. Yeah, same exact. situation. >> Is he just getting on his feet or does. he have long-term plans to stay there? >> Right now, the long-term plans we've. talked about is kind of for him just to. stay there with. >> what's long term to you guys,

>> right? Like there is not been a real. timeline. >> Long-term lifespan for you is about 5. years. >> There's shut there has been some. discussion. uh but no real timeline discussed. I. just told him to make sure he gives me a. little bit of time before like I tried. to tell him like if you're going to. leave like give me a couple months so I. can try to figure out my. >> okay. >> and if he leaves maybe that does mean I. need to sell the house. >> in your guys' conversations what have we. what what's the vibe we got a year 2.

years 5 years 6 months. >> in my I think maybe another year at. least. >> okay so what do you so I mean your. mortgage payment is honestly not going. to really change much unless we have. massive interest rate cuts. >> but even still your debt to income. situation I don't even know. You're. You're hoping for those. Everyone's. hoping for those. But. >> yeah, >> I don't know. It's wait and see right. now. >> That's That's what I've been doing. Doesn't. >> matter. You're waiting and now this is. where I am after. >> the income situation's rough. I don't. even know if you'd have a good refinance. anyway. >> I wouldn't. That's I I need to. refinance, but I needed to get the debt.

under control first before refinancing. And she wants refinance. She wants off. the house, but I can't do it right this. second. >> I've talked to the the to the bank. >> Call her right now. >> No way. Yes. >> I'm not calling. Call her and say what? What do you want me to say? >> Nothing. I'm talking to her. >> You're talking to. >> Call her. >> right now. >> Right now. >> What is today? She's working. >> Call her. Usually I save this for the.

potion, ladies and gentlemen, but she. seems to be a big part of this episode. Lots of excuses. >> She has no idea about this. >> She has no idea. >> Come on. >> She may not. >> Did you call her? >> No. Oh, call her. I I'll give. permission. >> I didn't tell one party speaker or what? >> Yeah. >> Hello. >> Hello. >> Hi. I am friend. Um I just can I ask you. a couple questions out of just. curiosity. >> Uh why are you calling off your phone?

>> Uh because I don't have your number. But. and I are going over his financial. situation and this guy has so much debt. that honestly I had no idea about this. whole time. But every single time we. talk about a debt, he just blames it on you. And I feel. like that cannot be the case. I feel. like it cannot be the case that all this. debt is your fault. I think he's blaming. everything on his quote baby mama. And I. wanted to I just had to confirm it.

>> Wait, is with you right now? say hi. >> Hey, don't don't read too much into it. >> He needed somebody to go over his. finances and I am, but I'm calling. [ __ ] on this fact that he's uh My. name's Caleb, by the way. Nice to meet. you. Uh he's. >> just keeps blaming everything on you. He's like, "Oh, she left a month after. uh we got the house together, a few. months after the house together, and I. have to make all the payments and I had. to take out more debt. It's all her. fault.".

>> No. So that's definitely not the case. He had an option to leave me the house. >> Really? She didn't make enough to pay for the. for the mortgage. >> Do you know why he didn't take that? >> Probably because he or. he wanted to stay there. I was willing. to leave in either situation. Either. happy to stay, happy to go, but I just. wanted out of the situation.

So to be clear, him blaming you for this. is honestly kind of cope. From the sound. of it, he's coping hard. >> Yeah, >> that sucks. >> Sorry. Go ahead. >> This So when I left the situation, I up. and left with literally nothing. I. started my life over completely from. scratch. >> I paid for her bed. I paid the $500 for. the bed. >> It's a bed, guy. >> Yeah. Come on. A bed isn't that crazy.

>> Yeah. >> Yeah. >> He can't sit there and beg about a. bread. He, you know what he does? He. gamles away enough money to pay for a. bed every month. >> Wow. >> That's one thing I'm starting to call. out. And the thing that's kind of that's. worrying me as a friend personally is, and you maybe have some insight into. this. Um, he is we're trying to have. this conversation, get his finances. under control because, you know, that's. just kind of it's what I do for fun. I. make budgets. Um, I'm a nerd. He's. literally taking a gambling trip to.

Vegas with his family in a couple. months. He's going to blow thousands. when he's already spending $2,000 more a. month than he makes. >> Yeah, that trip is supposed to be paid. for was my understanding. >> Well, he bought the tickets, but I don't. think the gambling's paid for. >> No, >> I don't know. I'm concerned. I'm. concerned. And the fact that he. immediately deflected to you is drawing.

kind of major red flags to me and I just. had to go to the source cuz it doesn't. it doesn't feel right. >> No, it's definitely not all my fault. But I will say that me leaving the way. that it did, I think it caused stress on. him. >> Oh, sure. >> So, I won't I won't completely say it's. not, but he also had the option for it. to go either way. So, it's not just my. fault. >> Okay. Well, thanks for taking the time.

I'll let you get back to your day. Okay. It's a little bit of [ __ ] You. weren't forced to keep the house. You. could have given it back. Can you. believe. >> she wouldn't have been able to afford. it? She made less than I. >> She wouldn't have been able to, but. >> she wouldn't have been able to afford. it. It's in my name. I did not feel. comfortable. >> I did not feel comfortable with her. being in charge of paying all the houses. bills. >> You're left with nothing. Your brag was. I got her a bed. >> I had to pay for a bed. She took. whatever. Don't let her say she got. nothing. She was She took whatever the.

she wanted to take. You know, we didn't. have that many big things worth taking. >> All I'm saying, it wasn't all her fault. And all you're doing this entire. conversation is deflecting onto her. >> So, we paid for a nice bed together and. I paid the majority of the price. She. was trying to take. >> Is she going to see this? >> I have no idea if she knows about the. show or not. She has no She definitely. has no idea. >> We go far and wide, buddy. >> I know. Just like your tits. >> Shut the. Oh god. You're not far removed, are you? >> Oh, we're very different, but I'm.

substantial. >> Very strong word in your case. >> Have you looked Have you looked in the. mirror? >> Okay. Everyone's giving a heavy. headshake. No, I know I'm big, but. >> that's cuz they're You're How much do. you weigh? You're their boss. >> How much do you weigh? I must have I'm. friendly. How much do you weigh? >> 320. >> You're over 100 pounds more. How tall. are you? You're 220. >> No, you don't look that. >> I'm 214. >> Oh, you look about 270. How. >> big guy. How much do you weigh or how. tall are you? >> 5'11.

>> Okay. You are 2 in. >> You got two inches on me. >> All right. >> I'm your average American male. 5'9. >> Okay. Yeah, I. you know I'm I'm trying. Golf helps with. the with the activity. I have a gym. membership. >> Yeah. All the flipping the cards. That's. really helping. Okay. >> Would you like spend. >> What did you spend on on this discover. it? And let's not say the baby mama. >> [ __ ]. food.

>> Microsoft Ultimate and Microsoft two. Microsoft Ultimates. >> So that's two. >> That's just cuz it lines up differently. with the with the time frame. >> Wait, why do you need two? What the are. you talking about? >> It just lines up to where one came out. and then a month later the other one. came out. >> I see. Okay. >> So I mean I put the couch on there. Why. is this. Why is this on a card that you cannot. pay off that you had to use your. retirement to put a payment towards that. you had to balance transfer and then. built it all the way back up again? Why.

the would we have a fun subscription on. here? >> Well, that's that's it is fun. >> My Xbox. all the the stuff my games on a credit. card that is a great interest that you. cannot pay off that you max out multiple. times. >> It's like an auto payment thing. It's. just. >> Exactly. Why on a credit card though? Do. you not understand my question? >> I guess not. I uh. >> No, I missed you. >> Why is it on a credit card and not your. debit card? You [ __ ]. >> Autopay on the credit card at the time. when I set that up who knows how long. ago. >> Why aren't you switching it to a debit.

card? >> I used to be very close to my to zero in. the checking account up until this most. recent raise. >> Most recent you pulling money from. retirement, let's be honest. >> Yeah. >> Yeah. >> In the couch. You need a new couch. because. >> you have maxed out a credit card that. you have balance transfer and. everything. Raise is not what helps you. Raises equals lifestyle inflation for. you. >> Yeah, >> it it's I I saw the light at the end of. the tunnel with the raise, but I'm.

starting to not see it, but. I I I'm going to keep the Microsoft. Ultimate. It's my It's my Xbox. >> I didn't even say not to. Okay, >> when we budget at the end, maybe you. have the room. I've been giving. subscription money. You're putting on a. credit card that is acrewing interest, that you've attempted to pay off twice, that you continue to max out, that. you're unable to pay off adequately. It's where it is. >> Yeah, I have. I have, >> buddy. $1,138. has been taken from you and your child's.

future this year alone on one credit. card. We're halfway through the year. We're halfway through the year. This is. going to be a 1,00 This is going to be. Yeah. This is going to be a $2,500 taken. away from your 90. Oh, $2,500 on one. card alone within this year is going to. be taken away. >> That's That's why I'm here. I want to. figure out a way out. >> I want to figure out a way out. That's. not an adequate response. >> I want to figure it out. Okay. Don't go. to gam don't go to gambling. Don't come. to Austin early before you come on the. show in order to gamble. Don't go gamble.

right after this before you leave. Don't. go to Vegas and gamble. Hey, I figured. it out. You are you serious? And what is. this? What is this new couch? You keep. bringing up this new couch. I don't give. a [ __ ] about a new couch. What? You. bragging about a new couch? >> No, I got that's 1100 of it went. >> when. >> less less than a year ago. >> Why? Why did you need a new couch? >> The other one. >> The other one gave out. >> The other one was scratched up from the. dog and and the arm was broken from me. and the kid messing around. And. >> so this one will have the same fate. >> Well, it hasn't yet. It is a little.

scratched up to be honest. >> Well, so it's on its way. >> Yeah. Yeah, it might be. But it's a. nicer couch. >> Poker table for your own house. Yeah. Yeah. I I bought a poker table also. >> Oh. How often is that used? How often. possibly is that used? >> Uh we were using it about once a month, >> but then. >> Yeah. >> Now it's even lower. >> Now it's lower because. >> who's we? >> All the buddies, man. We had. >> And why is it lower? Once a month once a.

month isn't much. >> It's just been hard to get all the guys. together at one one time. And. >> cuz you guys probably play with real. money, right? >> Of course. Why would we play with fake. money? This ain't this ain't Monopoly. >> Cuz you don't have. >> It's less It's lower stakes than like. the casino or like a card room or. anything. >> I know. But it's continuing your habit. >> It's at least 150 I'm putting up risking. uh for the home. >> That's substantial still when we're. struggling. $150 pays for this most of. this minimum monthly payment alone.

makes this go down almost double the. speed instead of paying $2,500 in. interest this year, which is what you're. going to do. That is sickening. >> Well, I'm being told the reason that you. don't have to worry about playing with. them all the time is because you're. still at the casino every single. weekend. >> It's what I like to do. Either golf or. gamble, man. But when I when I don't. have the kids, Saturday, >> you actual creature. You actual. creature. I know it's what you like to. do. I never said this isn't what you. like to do. That is not that is that. that is not a justification. If I was.

popping zies, I would like that. That. doesn't mean it is good. Just cuz I like. it. I do it without the XY. I do it just. Oh, he's. >> um You don't understand what I'm saying. Not just Just because you like something. doesn't mean it's good and that you. should continue doing it. >> I like Poker. Poker's a skill game. Poker is not just regular gaming. >> Well, then your skill sucks. You've lost. more money than you've made. Summer was. fun. Maybe too much fun. If your credit. card statements look like a list of poor. decisions, flights, festivals, and.

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drain your bank account. So, while you. recover from your summer spending. hangover, maybe ditch the overpriced. phone plan, too. Switch to Helium Mobile. and start getting rewarded just for. existing. Let's get back to the video. >> Maybe recently. Yes, that is the case. >> You said net overall, you're down a few. thousand, which means, by the way, probably thousands. Probably multiple. tens. No, >> absolutely. If someone who is not. willing to give up is down according to. them who doesn't track multiple. thousands, then it's multiple tens of. thousands. >> It's not multiple tens of thousands.

>> Absolutely. 100% it's not that. >> How would you know? >> I can guess. I can estimate. >> No, you can't. You couldn't even. estimate how much you spent last month. >> Yeah, I couldn't. Well, I was 15 off, wasn't I? 1,500 2,000 off. >> Uh-huh. >> Poker is a skill game, though. To win, you need. >> I'll get you a course career. certification and a skill that actually. matters. >> I don't need any course career. certifications. >> Well, you're going to get one anyway. gift it to the ex almost wifey.

>> Okay. >> Or the four-year-old. >> All right. >> Better than gambling. >> And if you want to gamble whether or not. I'll yell at you, go to kale.com/apply. and you can sit right across from me. like this guy. Just don't come here. early and gamble. >> Lod car club. >> No, no, no. You choking? >> No. I was laughing. >> Mhm. >> How ugly you are. >> The. What was that? [ __ ]. >> Oh, yeah. Swig that 200 calories.

>> 170. >> Freedom Flex. Hey, at least I have a. woman in my life. >> What? For like 2 months. >> No, seven. >> Seven. Oh, congratulations. >> This one? >> Well, yeah. >> Yeah. Congratulations. >> Thank you. >> I'm glad someone found you attractive. >> Pretty funny. $5,11523. with a minimum monthly payment of $195.

on the Freedom Flex. What is going on. with this one? >> Probably a lot of the golfing goes on. that card. >> Okay, so again, if it's something you. like to do, if you can't afford it, it. doesn't make sense. Again, your kid. doesn't have a college fund. You don't. have a retirement. What are we doing? >> Some retirement. >> Come on. You drained half of it. You. were legitimately a 10 out of 10 on the. retirement scale for your age. Probably. four or five depending. We'll have to. see it at the end and calculate. Well, with where your income skill is, halfway.

to 30. Unfortunately, the raise actually. kind of ruins your math a little and. goes against you. Probably. >> I just got the raise. >> Well, even even still, you're probably. two or three out of 10 cuz you're not. halfway to where you need to be. We. would want you to be at $90,000 in. retirement by 30. >> Really, >> you're at 25, but you are on track to. potentially getting there. like no, you. wouldn't have been a 10 out of 10, maybe. seven or eight, but you're like at a two. now, two or three. So, yes, if you can't. afford golf and you're putting on a. credit card that cannot be paid off, that is acuring interest reminder last.

month alone on the previous card, 1,500. essentially or the year. >> The golf though is just during like the. six six middle eight six to seven, eight. months, middle of the year. So, like it. doesn't all the golf expenses aren't. always happening, but it's how I stay. active. Like it's how I go out. >> to a gym. You have a dog. >> Take it on a wall. >> I have a gym membership. >> You have a child. Play run football, baseball, basketball, all the balls. You look like a ball.

Play the ball games. >> Listen, >> golf is a ball game, but. >> it is a ball game. It's a ball game you. cannot afford. Tennis is a it is one of. the highest entry highest cost of entry. sports that exists if not the right if. not the highest. >> It's probably the highest. I have spent. some money on. >> even if you're renting clubs it's. substantial. >> I think I bought like a new club or two. on that. >> Of course you So again if you have a gym. membership on this credit card that you.

don't even go to. Okay then it's not. even that. And again I'm okay with a gym. membership. We put that in the budget. Go first of all too. Is that a credit. card? >> It's just auto pay. It's been on that. credit card for like 3 years, I think, or however long the card's been opened. It's been on there that. >> 3 years and not going to the gym and. you're just having it go. >> No, it's never I haven't not gone in 3. years. I went here and there, you know, during that time and I was more. consistent a couple years back, but then. I got locked in to paying it at a higher.

rate. They without without knowing I. signed three years you No, I signed one. of those threeyear ones. I couldn't. I didn't realize it when we first did. it. >> Now answer me one question. You driving. around in a cart or you walking the. course? >> I'm driving a cart 100%. >> Yeah. And I'll still sweat my ass off. playing. >> It's cuz you're fat. >> Yeah. And that's why I get out and I can. do golf to be less fat. I've lost 10. pounds this month. I've golfed probably. five times.

>> I've golfed probably five times this. month. What time? What? Yeah, five times. at least this month. >> Great. That you cannot afford. You spent. 2,000 hours more than you made. That. doesn't make sense. That does not. justify it. Again, liking it does not. justify it. You're in the most expensive. sport. You should play tennis. Cheaper, a lot more activity. You will. >> sucks. >> Tennis is great. >> You play tennis. >> Yeah, tennis is fun. >> I can just imagine you playing tennis. and rolling around the court. >> Oh, there it is. Okay. I was wondering.

what you were imagining. Okay. >> Yeah. Yeah. >> So, 60 bucks a game plus you're getting, you know, new clubs here and there. >> Yeah. >> Yeah. >> That's. >> You're not making deals out on the. tennis court. >> I am not making deals on the tennis. court. We make the deals on the golf. course where we gamble where we gamble. who wins. >> You Okay, but you're not making business. deals out there. So, there's uh we can't. even advocate for that. You're not. networking. You're a government worker. that looks through contracts. Like, come. on.

This This isn't okay. Whatever. You. spent $115 on here again. Uh it was. maxed out until you took from the. retirement phone, but it doesn't even. matter cuz you immediately already. starting to replenish it by purchasing. on here. >> Yeah. >> Yeah. >> I don't feel very bad about the golf. The gambling is different. >> Okay. So, you don't give a [ __ ] about. your kids' future then, cuz that's all. this I do give a about why aren't you. willing to cut back on things you like. for them? >> I can cut back on some things. They're. not in. >> and the golf season is about to end here.

in a couple months. >> Yeah. A few months. >> More extended than a couple. Listen, >> November maybe. >> Here's the thing. Here's the reality. You say you can cut back in golf. You. say you can cut back in gambling. Yet. you choose not to. and you pull from retirement and you. don't have a college savings funds for. your kid. You don't have anything. You're struggling to pay the mortgage. If it wasn't for the cousin moving in. that your kid has as a roof over their. head,

>> I would have figured something else out. >> I don't think so. This is selfish. >> I think I would have. I think I would. have. And I. >> What would you have done, guy? >> I would have if it came down to it, I. would have had to sell the house and. find an apartment. Even if it is without. a yard for the dog, I want. >> Selling a house though isn't as quick as. that. >> No, but I live in a good area to where. it would sell. >> Doesn't matter. I live in a good area, too. Houses don't just fly. And this isn't 2021. >> I understand. >> Houses are I think like average on the.

market now is 30 days, which is still. relatively low, but it is up higher than. it was. >> I live in a nice area, so. >> doesn't matter. Sometimes nice areas. mean more expensive houses, which means. less of a buyer pool. >> All right, Caleb. All right. >> Okay. Listen, what' you purchase on? How. long do you think this takes to pay off. if you do not make any purchases and you. only do minimum monthly payments? which. you're incapable of either of those. >> 10 years. >> Okay. 16. So your kid will be out of the. house, no money. You will have.

borderline no retirement. >> Well, I'm going to pay more than the. minimum monthly payment. >> Uh the only reason you did is cuz you. pulled from retirement. So that's No, that's. >> the idea is to start now paying cuz. >> doesn't matter. You're already putting. money on it. You put more money you put. as much money on it as the minimum. payment costs already. So you're you're. completely negating the whole point. Even if you put more than the minimum, as long as you're purchasing on it, you're not getting anywhere. Yeah, Disney Plus Security and then the.

gym that we don't use. Almost $1,000 this year alone in. interest. So $2,500 total. It's going to. be by the end of the year these two. cards combined about 4,000. >> and that's sickening. I know. >> sickening. Yet you allow it and do. nothing to change other than pull from. retirement which was compounding on your. behalf in the best decade of your life. for compound growth. I didn't see. another way out to I had such high. minimum monthly payments. I had the. mortgage. I I. >> was using your strong income.

>> I haven't had this strong income until. recently. >> Okay. What was your income before? >> I was making 3,400 a month instead of. 45. >> Uh what was that yearly? >> Uh 76. >> Yeah. You were doing fine. You were. above the median household income in the. United States. Shut the up. Yeah, I feel. like it was it was impossible to stay. afloat with a $2,082. mortgage and then. >> but it was your choice to stay in the. house for as long as you did. >> I know. >> So that So that's a [ __ ] excuse.

>> Stay afloat. I wanted to keep the house because I had. everything in there, man. I I was set. up. Me, the dog, me, the dog, the kid. I. had literally. >> Yeah, you take them with you. >> Yes. I had just put together a bed for. up in his bedroom. >> My goodness. >> A bed. You make money. You could have. got movers. The movers are low cost. >> Movers. They They weren't low cost. there. $1,000 for moving. >> $1,000 one one time versus a $2,500. mortgage payment that was hardly going. to any sort of equity at that point.

Would have been worth it. >> It's still not going to the equity. Who. the [ __ ] are we? >> It's still not. It's going to be a long. time until it does. >> I need to refinance, too. So, it's going. to restart. >> So, >> refinance or sell? This refinance dream. you have isn't going to solve this whole. thing. I don't know what you think. refinancing is going to do for you. >> It's going to get her name off the house. to where it's just my problem. >> But what else is she doing? >> What is she? >> Is she begging for it to go off the. house? >> She wants her name off the house. Yes. >> Yeah. >> Okay. >> She's ready for that to happen. >> Your mom just helped you buy a new. driver club.

>> driver. >> She paid half. I paid half. Just like a like $50 or something. buddy. >> She offered and so I agreed. I paid. half. She paid half for my birthday. >> You can't afford clubs when you're. spending more than you make. So now like. $500 a month is going to gambling. minimum. $500 going a month of. golf. So at this point.

at this point I mean that's already your. entire raise is just going to those two. hobbies that you say you can cut back on. but you never do. Yeah, that that that. sounds about right. 1,000 bucks a month. probably has gone towards that. >> That'sing insane. And honestly, I don't. even believe that cuz I bet gambling's. even more. Also, your birthday is in. October, I'm being told. So, >> golf ends in like November. So, she also. dude, I had a month. >> She offered a couple months back or a.

month or so back. That's. >> stupid. Okay, what's going on with Bank. of America? Again, shocker. Was maxed. out. Then a little bit of retirement. came and helped. Doesn't matter. We. started spending on it immediately. It. will be back to max before we know it. >> No, it won't. >> Yes, it will because that is exactly the. behavior that you have done. >> I'll make a bet that it doesn't. >> I don't do that. >> Okay. So, you're no fun. All right. >> I am no fun. >> All right. >> So, what's going on with this card? >> Uh, I think that's mainly just used for.

like food and and whatnot. Food. Work. I. go out to eat. food at work while I'm at. work. Lunches. >> Why aren't you packing lunch? >> Well, I have since recently tried to. start doing that. >> Tried to start doing that means he did. not start doing it. >> No, it means I bought the lunchbox to. start doing it. That's that's what that. try to start means. >> Dude, what the man? >> Sandwiches. >> Yes. >> The lunchbox. I'm going to put my.

sandwich in and eat it for lunch. Now, >> it's a good idea. You're not. I'm just starting. >> No, you bought the box. >> and the lunch meat. >> That is nothing. You have to actually. start doing. Dude, you are the person. that buys the gym equipment, never uses. it. >> I think I would use it if I had the gym. equipment. >> You don't go to the gym you already have. and that you pay for and that you locked. yourself into for literally 3 years. >> Yeah, but then they cut the price in.

half after that 3 years. $60 a week is what you're paying in your. own estimation on lunch going out to. eat. $60 a week. >> Yeah, that's probably about right. >> Yeah, >> that's just lunch. >> That's what I said. $3,120. a year. >> How much less if I packed lunch could I. spend? Cuz the meats are expensive. >> $2,000 less. Yeah, but it stretches. further. And also, you don't need the. most expensive. You probably went bougie.

again. Just like the guy who gets the. gym equipment, gets the best, puts sets. it up, woo woo woo, never gets on it, or. gets on it for a week, then gets off. I'm not I will never buy the [ __ ]. excuse of I'm fixing it right after this. episode. Shut the [ __ ] up. I see what. you're doing right before you came on. here. In fact, what did you do right. before you came on here? You came down. here and gambled. So, no, I'm not It's. not going to be a valid excuse for any. kind of push back you get here. >> I'll probably gamble after this episode, too, cuz I know it's my last night in. Austin. >> It's Austin. >> What else exactly? What else is there to.

do? >> Go to a live show. They're on Sixth. Street every night. >> What shows tonight? >> They're on Sixth Street every night. Every bar has a band. >> Okay. I'm probably still. >> It's free to go in. >> I'm probably still going to go to the. >> Well, no, cuz I don't think you can stop. even though you say you can. >> You should want to change from this. conversation. That's the entire intent. >> I could stop. >> Then why aren't you? Cuz the entire. intent of this conversation is to change. your life. Well, I the plan moving. forward is to cut back on some of the.

gambling. >> It's always the plan after the. conversation, guys. And with the. indication of absolutely no change. before coming on, let me guess. You're. just using an investing app that doesn't. invest in you. It is time to change. that. Right now, Weeble is offering up. to a 3.5% match when you open an IRA. with them. That is real money going into. your retirement, not just points or. coupons. And that's just the start. Deposit $100 and you get 30 days of. Weeble premium. Anywhere from $2,000 to.

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premium voucher and a 4% APY booster on. any uninvested cash. It doesn't get. better than this. So, stop overpaying. for a platform that gives you nothing. back and make the switch to Weeble. Go. to weeble.com/kaleb. or hit the QR code or the link below. Let's get back to the show. Like, what. are you talking about, dude? That's such. a [ __ ] excuse. That's such a [ __ ] excuse. So you. owe right now. >> I can win if I gamble and. >> Yeah. Well, you certainly haven't in the. last decade of your life. $9718.

is owed on here was maxed out put. retirement towards it but started. spending immediately. Minimum monthly. payment is $53. Four years to pay this off alone. not. even $1,000 and it takes four years to. pay off and you'll pay a total of 15. But we know it's going to be higher and. it'll be longer cuz what do you do every. time these balances get paid off because. of a push or a pull from somewhere else? Well, they go right back up and that's. all you've ever done.

>> I thought about doing another balance. transfer card. >> I'm sure you did. And guess what? It. hasn't worked. So why the do you think. doing the same thing over and over again. is going to lead to something positive. here? The idea was to change the. behavior a little bit. >> It's a grand idea. Why haven't you then? Cuz an idea is great. The action that. follows even better. >> Well, >> well, tell. >> Why? >> I don't know. You tell me. >> The I'm I'm not going to stop the. golfing. The gambling I can maybe cut. cut back some on. >> Yeah. Stop buying new clubs and go to.

cheaper courses. >> Okay. I I can I can do that with the. golf. And the gambling I could cut back. to maybe once or twice a month. >> to none. >> None. >> To none. >> Ah. >> To none. >> Maybe not none. Like once a month. >> Why? I just don't understand. Cuz. that'll just give you No, cuz then you. just fall back into it, buddy. >> Like maybe like. >> on here immediately. Japanese. restaurant. Dairy farmers. I don't know. where that hook and reel cinjun. >> Yeah.

>> Something. Austin Landing. Pet land. Austin Landing. >> That's the dog food, I think. >> Okay. A Dairy Queen raising canes on par. entertainment. >> That's Yeah. >> Yeah. We know what it is. TSAO's. Cuisine. >> Sals. Yeah. Sals. This Chinese place. >> Mhm. >> For lunch. Probably. >> Oh, good for lunch. >> The best Chinese place. Shout out to. >> S. And Dayton, Ohio is where the best. Chinese places, ladies and gentlemen. >> 100%. >> $300 in interest this year so far.

>> That's not bad. >> Stack it to everything else, buddy. This. becomes 600 by year's end. Becomes 600. by year's end. Then at that point, we're. like, well, what are we at? $5,000 at. that point in interest across the few. cards we look at. Three cards, $5,000. gone by year end. $5,000 taken away from. your 90. >> And that hurts a bit. >> It hurts. Not enough to do anything. >> Well, I'm willing to cut back a bit. >> I'm glad you have that sentiment, but. again, you've done nothing. So again, I.

will say you can keep saying that. excuse, but or that deflection, but it. means nothing cuz you've done nothing. >> I think I've done a little bit. >> What? >> I I took out the 401k. >> See, and that's to pay behavior change. >> I'm trying to lower the minimum monthly. debt payment. >> Doesn't matter cuz you're spending on. all three cards we've looked at so far. So you. >> without any of the BS spending. >> Three cards spent on you. Three cards. spent on you. Three cards that you put your retirement. fund to are being spent on. their small. purchases recently.

>> They are. They're adding up just like. before and they will add up to a maxed. out credit card. >> I don't think it'll get maxed out again. I. >> Why? >> Because. >> why do you think that? >> Maybe. Maybe I'll win one of these poker. turtles. >> You I'm going to die, dude. That's the. dumbest Yeah. What a father. >> Oh god. >> What a father. >> Chill chill chill chill. >> It's true. Gabble away your life. That's. great. Let's use that as our behavior. change to pay off debt. You have aing. kid. >> I do. And maybe one of these times I'll.

win and be able to pay for the whole. entire college fund and more. >> Okay. That's. That's real head behavior. I'll tell you. that. >> I don't think so. >> What? When you hear that back, you don't. think that is going to being just a dick. head behavior? >> Back. It brings it back to poker's a. skill game. One of these times I'm going. to win big, man. I'm telling you. >> If it was a skills game, then I'm one of.

these times I'm going to win big. wouldn't be the sentiment cuz that would. be a luck based sentiment. >> No, luck. It's not luck. >> Then you're not going to say one of. these times going to if if I play. enough, one of these times I'm going to. win. That wouldn't be a skill-based. thing. You're saying that as it's all. luck. Your entire worldview and. sentiment around it is luck. Even though. Even though you say skills, >> more like if the poker gods choose, it's. my time. So luck if they choose. It's my. time. So luck. >> No, cuz you also need to have the skill. Understand ranges and and. >> yes, you know need to know how to play.

the game of poker. Who would have. thought? But it is still gambling. >> Okay. Slate edge. What's happening here? Well, you didn't put any of the crazy. money towards it, but you also didn't. spend on it. And it's well basically. maxed out. So what's going on? >> Yeah, I couldn't spend on it cuz it was. almost maxed out most likely at the. time. >> Why is this a 4,000? Um, >> to be exact, 4,17.49. >> I. >> You don't know why this is at 4,000. 4,000 is an insane amount of money. That.

is a substantial amount of money. No. matter who you are, $4,000 is an. incredible amount of money. >> I think I put Well, couple of purchases. I put a TV on that one, I think. And. then that might be partial. um. >> balance transfer. Balance transfer. >> sake. Yeah. Yeah. >> Well, it is 0% right now and I guess. that's why you're not attacking it. But. it still takes 15 years to pay off. >> 15 years to pay off and it'll cost a. total of 11,749.

instead of the for you on it now. >> Yeah. 65 in TV for the office. That's. what you got. Got some Amazon purchases, convenience store purchases. Bull bull. [ __ ] Grass seed. >> Yeah. No, dude. So, the minimum payment. on here is $40. That way you don't pay. off what is necessary in order to pay it. off before the interest free period. ends. It will be at a 28.24% interest. rate. Oh, good. Oh,

it ended yesterday. >> No, I didn't. >> Yeah. >> No, >> you didn't even know this guy. Guy. >> No, I did not. >> Zachary, this ended yesterday. $4,000. It is at a 28% interest right now. You're lucky there's no deferred. interest rate, but that's crazy. It. ended yesterday. >> I. >> Yeah, you didn't even know. When did you. think it ended? You. >> I thought it ended in like 2 months. >> Even still, you wouldn't have paid it. off in time anyway. But what the are you. doing?

>> I I honestly didn't know when it ended. >> I I didn't keep track of that. >> Oh, with this balance alone, I mean, the. interest, what what is it going to be? >> Like 1,200 a year. Yeah, pretty damn. close. It's going to be basically 100 bucks a. month. 100 bucks a month. >> just in the interest. >> So, your new minimum payment has to be. about 120. So, let's put it on to that. >> Uh, okay. >> $120 a month, it must be. Okay.

Yeah. I mean, okay. So, let's get to the. end of the year with that one. again. Now we're probably looking at like. $6,500 by year's end, you know, $6,600, something like that. Then total interest. loss. Going to be approaching 10,000. before you even know it without the. mortgage, without even the mortgage. Going to have a like a 15, 12, 13% cut. from your pay alone just on interest.

>> And I feel that. >> Okay, so here's another card. $49 is. your minimum monthly payment for the. Bank of America. I think this one's 0%. >> F. God knows how. >> exactly. >> Nobody knows. >> I'd be cop laughing, too. >> Yeah. >> $4,95953. was maxed out. Put a little bit towards. it from retirement. That's all gone. Doesn't matter anyway cuz we're starting. to purchase. We'll ramp it right back.

up. 17 years to pay this off. One. The. entire childhood of a kid essentially. That's wonderful. Oh, good. You went. into whatnot. Oh, good you went into. whatnot. Oh, good. You got some whatnot. Three times you got some whatnot. What. is a whatnot? >> It's like a streaming thing where you. watch people and buy stuff that they're. selling. >> What? It's not even like TikTok. It's. not even What What the is it? >> It's like a You stream, people will sell. different things on there that they. >> So, you're literally watching What is. it? QVC?

>> No, it's just. >> No, you're watching modern day QVC. >> Hey, that that sounds honestly right. Yeah, >> that's insane. Why would you go on a. platform if you have a spending problem, don't have enough money, where the. entire purpose of the platform is for. you to buy things that people are. selling? Well, >> it was almost like gambling in a way cuz. I got to spin the wheel. >> What were you getting? Oh, no. What were. you getting? >> I got to spin the wheel to try to win a. bigger prize. >> What were you getting though? What were. you trying to win? >> I I bought some some Pokémon. >> Oh, it is gambling. Yeah,

>> I I spun the wheel hoping to win the. biggest. >> you. You never do. >> You never do. >> I didn't. No. Sometimes I win. >> End of December, by the way. >> December this year. >> December this year. >> Not next year. >> Nope. >> That hurts a little. >> How do you not know this? I mean, what. you have? >> I thought it was maybe longer. Okay, I'm going to give you 5 months to. pay it off essentially. So, this needs. to be $992.

a month or it will not be paid off in. time. Now, there's not deferred. interest. I'm not freaking out about. that necessarily compared to your ones. that are currently acuring interest. Don't try to touch my fee under the. desk. We're not that kind of couple. >> I don't know, man. When did you balance transfer? Cuz the. fee is not even this year. You must have. had this for a while. >> It must I mean I think it was like 18. months zero interest so it had to be.

close to a year ago now. >> So you pay to watch people open cards. and then you. >> No, the cards got sent to me. I just I. was trying to win. I got [ __ ] stuff. >> No. Who would have thought? >> Yeah. >> What a joke, dude. What do you think. happens? Okay. What? There's so many. more. So much. It just keeps going. What? I don't even know what this is. It's a loan that is uh current $5,99261. >> Is that from the I took a loan from the. 401k before withdrawing the 401k?

>> Buddy, what happens if you get fired? What happens if you lose your job? I. know you work for the government. Guess. what? What's the sector that's had the. largest amount of layoffs this year so. far? I'll tell you. Government. More. than the tech sector, which has had. substantial. I'm talking hundreds of. thousands. A quarter million people have. been laid off this year from the. government. And guess what? Supreme. Court just gave uh Trump the ability to. cut pretty much anyone he wants from the. Department of Education, which means as. they continue down the line, who knows.

where the they're going. Even the. Department of Defense isn't even safe. I. don't know what department you work for, you're not going to tell us. And that's. fine. And that's okay. We don't need. that. But buddy, what happens if you get. Wait, 401k? >> Same thing. It's the It's the. government's version. Gotcha. >> Yeah. If you get laid off, they will. call this due. >> Yeah, that they they. >> I know you don't have $6,000. >> I don't. >> You'll pull from your retirement again. 8,500. to pay for the six. >> if I had to. Yeah, that's what would. happen. >> Yeah, let's go down to 5,000 from the 15.

you have left. >> Well, you can't take out the employer's. contributions. So, I don't know even if. I would have any. I probably have zero. to get now. >> What are we doing, buddy? I'm glad you. just got a raise, but no offense when. they're going doing the chopping and. block on a government on the government. list. I don't think they're really. caring as much about who the A players. are 100%. Way too bloated, way too. bureaucratic, way too many handshakes. and whatnot. >> I'm more in the nitty-gritty of stuff. So,

>> I hope so. But guess what, buddy? They're they're trying to get in there. [ __ ] shipping away. Dude, >> just trying. >> Yeah, it's not even just that anymore. It's it's it's true. Crazy. Okay, so. >> that's what that loan is. I It was like. 7500 when I did it. >> So that's your TSP loan. Okay. >> I I don't know what rate it's like 3. point something, I think. >> But it comes out of your It's a. bi-weekly of $122. So before your pay. even hits, by the way, it's like $300. cuz it gets taken out before your pay.

hits. >> Yeah. I never see it. >> Man, I don't see the interest rate either. >> When did you borrow this? You did it. before you pulled money. >> Yeah. >> When and what was it for? >> Last year around Thanksgiving. >> For why? >> I was still making no money. And that. was like the end of me racking up all. the credit cards. I had no more money. left. I racked up every bit of card I. had. And so I was using it to survive. until I got the raise. >> It was hard. But even when you were.

making money, you had money left over. Even. >> No, I didn't. >> Well, now that No, no. Not when you had. every card racked up, >> right? Yeah. >> You're right. Those minimum monthly. payments alone would push you over the. edge. But before you racked up the. cards, yes, you could have made it. And. you said you didn't have the cards. racked up until after she left, which. means you started racking them up, still. continuing the lifestyle you still. wanted to have. Listen, $1,000 left over. at the mortgage. That is hard. You could. have squeezed it. We could have gone in. lean. We could have borderline broken. even or just gone slowly into debt cuz. maybe an extra 500, but you wouldn't be. where we are a year and a half later.

now. >> I didn't I didn't change any behavior. I. still would. >> for the sake of our child. cope, I. guess. Lost a 5-year girlfriend, maybe. I don't know. I was. >> Yeah, she walked out on you. It wasn't. even a choice. >> Yeah, it wasn't. >> Oh, by the way, as soon as he took this. out, he took $650 uh of it to the casino. >> and I lost it. >> And you don't think you have a problem? >> I don't call it a problem. I I I think. I'm going to win here eventually. I I'm.

I'm willing to cut back on some of the. gambling. >> Some. which means none. It's a alcoholic. saying they're cutting. They're willing. to cup. No, you got to stop. >> At least I'm not into alcohol, drugs, any of that stuff. I don't smoke any. nicotine devices, anything like that. >> I think that makes this okay. >> It's like my vice, I guess, a little. bit. A little bit. >> Get a better vice. Goon. >> Goon. >> Go [ __ ] You're single. >> Maybe. Maybe Austin has uh been good to.

me. I don't know, man. >> Austin's good. Austin's great. Most people are fitting. Austin, I'll be. honest. But. >> I don't know. I've been around quite a. few places. It looks just like every. other place. >> The degenerate places. >> Austin is one of the healthiest cities. in the country statistically. >> All this barbecue. >> People are very active. You went to the degenerate places. >> Yeah. >> Yep. Went from 19,000 withdraw 10,000. but deposited 3,474.

So left our retirement at 15,000. So stupid. Oh yeah. Employer is 14,000. You is 6,985. Oh. >> Yeah. >> And that's what you borrowed against. 100% essentially. >> Yeah. Yeah. Pretty much all that's left. is the whatever the employers put in. >> I don't the fact that you allowed life. to get like this and then pulled from it. and immediately went gambling. If that. isn't the biggest wakeup call, I don't. know what the is. And if you don't see. that, that's disgusting. And if you. don't see this, which I didn't even. know, is also disgusting cuz guess what?

Apparently you owe your grandma $5,000. For what? >> That was a few years back and. >> few years back. For what? >> It's like the end of 2022. >> For what? It wasn't her fault. >> Well, it co happened. We got kicked out. of. >> 2022, you said. >> Yeah, I got kicked out and of my dorm. and then we moved in with an apartment. with a girlfriend. >> 2022 and I know Ohio was not a lockdown. state for very long. No, but I didn't.

have a job until. >> Why? That's on you. >> Well, I had. >> it was the best job market for employees. in the history of ever. >> I was trying to sell insurance for a. little while. That didn't work. So, I I. had like a year of just trying to sell. insurance and not doing a great job at. it. >> Sake. >> Yeah. >> So, I just. >> What kind of insurance? >> Like life and health insurance. >> and we're taking health insurance. from you. Okay. Yeah, I was hoping. Maybe that's why it.

didn't work out. >> That's probably why it didn't work out. >> I feel like I can talk about needing. life insurance, right? >> Yes. And having to pay more for it most. likely. So, you had to use it for what? >> 5,000 from grandma. >> to just straight up survive. I just used. it to pay the bills for. >> Funny how many times that's happened in. your early adulthood life so far. >> Yeah. >> Okay. Do you have a minimum payment. towards her? How does this go? I've. tried to pay her a few times and she's. turned down me handing her any money all.

the time. >> So, it feels like a gift now. >> Well, hold on. What was we agreed upon. when we had the conversation? >> We agreed upon it. She said it was a. loan, but then I've tried to pay. >> What have you tried to pay? >> Like a hundred bucks here and there. >> Okay. Well, come on. If she sees you. paying $100, she's like, "Oh, he's. better than zero.". >> I know. I'm saying if she sees a hundred. for the 5,000 she borrowed you, she sees. that as you're still struggling. Well, at this point, if she let me pay, I. tried to pay monthly. I tried to pay. monthly to her hundred starting the.

first month and then she said no the. first month. >> I don't think you understand what I'm. saying. >> I don't think I do then either. What are. what are you. >> When she's seeing her grandson who she. lent $5,000 towards only try to give her. $100, she sees that, oh, he doesn't have. much money cuz he's not giving me much. for that five. He's probably still. struggling. So, she's bringing out her. empathy. And. >> when I when we had set this up, it was. like, I can pay you $50 a month really. was all it was. Okay. And then I tried. to get hopefully we get to 100 at some. point. >> You might just have to force it.

>> cuz you should pay it back. But it's not. a hardcore emergency as we have. Oh, there's still more. Okay. What is this. good loan of $6,46762. with Christian Family Credit Union. >> credit card debt consolidation loan? >> Oh, for [ __ ] sake. Consolidation. So, you've transferred, you've consolidated, you've 401k loaned, and you've. >> and I still have this. >> for retirement. Okay, so four times. since this has happened. You've never. changed your behavior. No, you're do.

never try to take a shortcut again. The. only way you're going to get out of this. is changing your behavior. That's the. only way you're going to get out of. this. That That's it. There's no more. outside of that. There is no more. Oh, for sake. 6,000. $46762. Minimum monthly payment $3209. What's the interest?

>> Nine. >> It's insane. Better than a credit card. Sure. But doesn't matter if you build. the credit cards all the way back up. again. And oh boy, does he. And it's a. good loan. Thank. When did you do this? Uh, I honestly don't. >> What the is wrong with you? >> I don't think that, >> dude. You have no ability to do. anything. >> It hasn't been that long. It's been less. than a year. >> You refuse to cut back on anything, especially any of the addictive things.

You don't know how much you spent last. month. You don't even know when your. debts are. You didn't know that your. interest has started acrewing yesterday. on one of the credit cards. You're a. failure. And yet, you're a father. And that is. horrible. And it is sad because that kid. did not consent to come in this world. sake. What a horrible life. What a. horrible life you've brought upon that. child. >> He's living a pretty good life right. now. He can't see the the finances. He. can't see the finances. >> He's four years old. He will see the.

stress. He will see that. Oh, why isn't. why isn't dad's cousin of my friend. living with their dad? What the like, you know, why why does it happen. anywhere else? We must What's going on? >> That's the reality of. >> Is my dad his gay cousin? I don't know. Listen, it's weird. >> No, the living with a cousin. >> No, just the real split parents happen a. lot more reason nowadays. >> Yes, they do. But it still sucks for. your kid. >> And I agree. I wanted to stay together.

for that reason when. >> you guys Well, that may not have been. the best either, but what would have. been the best is you wrap it the up when. you know she gets off birth control if. you guys had a three-year bad. relationship. >> Wasn't bad. had the whole time. >> Come on. You basically established that. it was Don't try to backtrack. >> There was a lot of bad to it. >> This is where I'm at. I'm cha. Oh, is. it? >> I'm trying to I'm coming here to try to. fix it. >> Shut the up. Sally made this dumb. >> I agree, but you're the one who also get. it. Got it. I paid mine off. Why the.

haven't you? >> It's on payments. I. >> Yeah. At 13.5% interest. Yeah. >> Okay. He owes. >> Okay. He borrowed 11,583. It's up to. 15,000 now. >> It's cuz I didn't have to pay on. >> Yeah. No. Full years. >> And you could still do that and they. will still allow it to go up for a while. and punish you more. $2462. >> It's what you owe. >> Yeah. >> On a monthly basis at a 13.5% interest.

Unpaid interest in fees. >> No fees. >> Unpaid interest in fees. you. >> I thought about trying to figure out a. way to refinance it into. >> Yeah, there are some good student loan. refinance things. We like why refi, but. >> will that be good for my situation? >> Uh the rates are below six for what it's. worth? But I think uh do loans have to. be in default for that sort? But with. that, loans have to be in default. So.

it's a little different. But that is for. private and this is private. Not saying. necessarily going to default, but it's, you know, you're on you're on that. Oh. my gosh. And then there's federal. student loans. What What did you go to. school for? >> I just I have a bachelor's and a. master's. >> I asked what did you go to school for, you [ __ ]. >> I went to school for finance. >> Okay. Oh my. >> And your master's degree, too? >> Masters is just general MBA. >> You have an MBA? You have.

>> to be fair. My job paid for the NBA. >> Okay. Federal student loans. This one's. a little less. I have $4,13.11. >> My job paid off 30 of it over the last 3. years. >> $29 minimum payment. You're lucky for. that. It should be about. >> 34 if I didn't have that. >> I'd say about 50. >> Yeah. >> On income base. I'm not on anything.

right now cuz I my job just stopped. paying for it like a month or so ago. So, I'm ahead. I need to set up. >> Your job was paying for the student. loans. >> Correct. >> They were paying off and I was getting. taxed on that money they were going. towards that. So, that just ended. So, now I have to come up with how I'm going. to pay how much I'm going to pay per. month on that amount. and I haven't decided that yet. >> Oh, 2.7%. I would just do minimum. required until it's paid off. Honestly, the rates are so low it doesn't make. sense to pay it off over any other debt.

How is there still more debt? Okay, this. is a mortgage. Here it is. A little bit. of an equity position selling it with. we've owed it less than two years. So, you still would have to pay capital. gains taxes on if you sold it from any. profit you make. >> How many years till you don't do that? >> Two. >> Yeah. But even still, if you do the full. seller and buyer commission, so 6%. total, I don't know how much you'd walk. away with. >> That's why I didn't re try to do it. already when we were first. Even when. you refinance, there's still closing. costs and whatnot. It's not necessarily. a cheap process. You can save more over.

a long term, but you still have to come. to the table with money. $229,000. 975.86. is owed. >> I think it's plus the down payment. assistance. >> Yeah, probably. I have it should be it's. >> Is this in this or in a different loan? >> It should be in that US Bank loan. It's. all paid in one payment. So it's I know I owe closer to 240 than. than 230. I know that. >> it's like plus 10k. >> Okay. 200.

8291. is your mortgage. Ask for all the. goodies. I don't see it with the other. part. >> Insurance is included in that. >> Yep. >> Um. >> I mean that Yeah, it's chunky. Down. payment resistance, but yeah, maybe you. shouldn't get into a house until you can. afford to at least put 5 to 10% down. And I know it's hard cuz housing prices. have only gone up. So that is difficult. But look where you are. If you I'd. rather you not give than have a house. Honestly, 967 starting balance ended with five.

This is because. uh we pulled out from the retirement. Yeah, I did a cash withdraw $300. Who. knows where the that went. Apple bill, Best Buy, Club WPT Gold. What is that? Oh, for [ __ ] sake. Golfing. It's. endless. Golfing. Dairy Queen, Venmo, golfing, >> the club, >> going and getting some BS. Golfing, Apple Bill, Tokyo Grill, McDonald's, McDonald's, Apple Bill, Twin Base, Golf, Golf, McDonald's, Topper, Phantom, Golf,

Poker, Casino, ATM with Great, Wonderful. What a life. for living. All right. Well, buddy, listen. I let. Let me budget you. try to figure out a. way out of this. But the fact is if you. don't change your gambling and. unfortunately even golf habit like. you're not getting out of this. So. $4,500 is what hits. Man, it would be.

about $5,000 if we didn't have that TSP. loan. So debt minimum monthly payments. without all that is $1,213.30. Yeah, I would also agree. Substantial. That is 27% of your pay. Okay. Mortgage. You say it's 25 because we can include. the other one, right? >> It's 282 for everything. >> Oh, okay. Good, good, good. Two. You. suggested 25 earlier, but $2,82.91. >> Okay.

Oh, WPT is gambling online. >> I was just going to let you blow past. that. >> You're a degenerate. >> You're an addict. Okay. >> All those WPTs were. >> utilities, gas, internet. All combined. How much? >> Utilities, gas, internet. We got 250. 3 roughly 350. >> Okay. Phone bill. >> Mom pays it. >> Gas vroom vroom vroom vroom vroom vroom. vroom vroom vroom vroom vroom drive.

>> Gas I'm going to have to say about 160 a. month. >> Car insurance. >> Mom pays the car insurance. >> Yeah. >> You're a joke. $200 TP fund. You and. your kid. You and your kid groceries. 550. Meal prep, use our budget friendly. cookbook, all that good stuff that you. get with the premium version annual of. Dollar Wise or by joining Dollar Wise. Central. Either or gets you there. But. medical healthcare, co-pays, anything. monthly basis? >> No, I don't I don't really go to the. doctor for anything. >> How much? >> Gym 16 something a month.

>> I'll say 17. Let's say subscriptions. about let's call it 40. Pet insurance. How much? >> I don't have it. >> You have pet? >> Yeah. >> Just how old and age of Archie? >> He's five. and. >> healthy. >> He's healthy. >> Okay, let's call it good pet insurance. is ranging about 70 bucks these days a. month for that covers it with low. deductibles and whatnot. >> Okay. Anything else that needs to be in. this budget that I have not calculated? >> The golf. >> Would you like to die?

>> The golf is something it's something I'm. going to do. If we can put it in there, I'm going to. >> Let's see where we're at. It shouldn't. be more important than your kid, but. >> I can cut back some on the gambling. >> Oh, can you? Because right now it's. $4,68321. without golf or gambling and you make. $4,500. So you all right buddy? Never. mind. There's Listen, you're not picking. up more hours or anything. This isn't a. thing. You what it is? Change your. behavior for 3 months. Prove you've. actually done it. Then declare. bankruptcy.

>> Declare bankruptcy. >> That's probably your best way out. >> Bankruptcy. >> Yeah, >> actually. >> probably you're over your budget. You're. working a full-time job. Go pick up a. second job. Except you're kind of a. single dad half the time, so it's going. to be hard. Listen, is mom nearby? >> Yeah. >> Can watch a kid. >> Yeah. >> Okay. Pick up a second job. >> She also works a second job. >> Runs in the family. Okay. Well, if you. can pick up a second job and figure out. a way to do it that you can pay off this. debt and the B. non mortgage non-federal student loans.

would be. about. it's got to be like 40k. >> No, it's more than that. You dumb tit. I'm saying if you bring in an extra even. $500 a month, man, it still takes a. hundred months to pay off. So, and. you're already under. and you have to. bring in an extra beyond that what you. need to make up and that's 8 years which. again that's like the length of. bankruptcy so on your credit.

it's not great I don't always recommend. it and it's not cheap and it it's not. unstressful either but. I don't know that's just kind of where. we are. >> is there anything I can do not to not. declare bankruptcy. >> yes what I just said go work extra an a. second job if you bring in $500 it still. takes eight years to live on frugal. without gambling or golf so with. gambling golf. You need to bring an. extra $2,000 a month to make any. progress whatsoever. That's where you. are, buddy. You this. You've done it. You've hit that bottom. You're there.

now. We're not on the way. You hit it. Spending in a budget score. You. overspend zero out of 10. Debt score. Well, you borrowed against your 401k. 0. out of 10. Emergency fund. Don't have. anything in savings. 0 out of 10. Retirement. It's with the borrowing. against it and all this. It's really. bad. It's it's But now it's just only. employee contributions. 2 out of 10. Real estate. You have a house, you have. an equity position. It's not great. You. have a double debt on it. It's pretty. It's not amazing, but at least you have. an equity position. Five out of 10. Still a position to be in regardless.

Hammer financial score rounded up 1.5. out of 10. Come join Hammer Elite, the. best membership on YouTube. Come join us. for an extra 20 minutes of this episode, the Financial Auto Post Show, and three. shows posted daily. See you guys there. >> This thing that you do to have fun is. ruining you financially. >> I'm I'm positive now. >> I'm going to call [ __ ] on this. Do. you have a spreadsheet you can show me? >> $3,500 covered every bit of losses I've. ever had and then some. I'm now. positive. >> I want to call your grandma right now. You are starting to pay her back today.

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