He's So F*cked (I brought in his mom) | Financial Audit

You give your mom your paycheck. >> She takes control of all my finances. >> Your mother? >> My mother. >> What's the fight? >> She's drunk usually when we have the. fight. >> Oh, bring drinking into this. >> She's been hearing. And I'm going to. bring her in right now. You're opening. up cards. >> Yes. In my name. >> He could literally sue you for that. >> It sounds worse than it is. >> The tools to change your life have just. been upgraded. Download my budgeting app. rebranded to DollarWise today and start. your free trial. Sign up for the annual. version and I'll send you my budget.

friendly cookbook that can't be. purchased anywhere else and I'll. personally sign it and mail it directly. to you. Download the Dollar Wise. budgeting app today and take advantage. of your free trial. >> This is Drew. I'm 32. I'm from. Youngsttown, Ohio. And this is Financial. Audit. >> Thanks for coming down to Austin. What. do you do for a living up in Youngstown? >> Um, right now I'm a metal former, a roll. former. I. >> Ah, the rust belt. Yes, we love it. >> Good, good, good. How many hours a week. you're working on this thing? Is it.

full-time? >> Full time. 40 hours a week. >> Good. Is this hourly or salary? >> Hourly. >> Okay. What's your hourly? >> Uh, it's like 23 20 somewhere around. there. >> Youngstown, not huge, right? So, not a. hyper expensive town. So, that could. stretch decently. What hits your account. on a paycheck basis? And what is that. paycheck? >> Uh, about 1,800 bi-weekly. >> Bi-weekly. Perfect. Okay. So, we're. looking 3600 in Youngstown. >> Yep. >> How you doing at 32?

>> I feel like I'm doing okay. Um. >> Okay. >> I give my mom my bills or my my. paycheck. >> Well, no. What do you What do you mean? >> So, >> you give your mom your paycheck? >> Well, I give her the money for bills. No, I give her She She takes control of. all my finances. >> Yeah. So, um, >> your mother, >> my mother. So, basically, when I was. younger, it just was easier cuz I blew.

all my money. So, she kind of took. responsibility and said, "Give me this. amount of money so I can at least pay. your bills.". >> When Cuz you're 32. How long has this. been happening? What the are you doing? >> It's probably been since I was like 18. or 19. >> Big guy, are you single? >> Yep. Who would have thought? Not me. >> Is this a little embarrassing? Yeah, it. is. But uh. >> I appreciate putting it on display in. front of many people, but um. what the So at 1819, okay, listen, not.

that I would advocate for that cuz. that's when you need to start learning. for sure, but let's say they do it. throughout college. Okay, dude, you're. 32. >> I know. >> Says in 181, 19, >> says in 2021, >> it's just been easier. So, >> well, yes, everything's easier if you. never have to do anything or learn. anything. That is true. >> If you sit in a room and have food come. to you, someone else pays for the roof. over the head and you play video games. all day, that's easier. I'm not saying.

that's what you do. But I'm saying if. you don't have to do anything and you. don't need to learn anything and you. never need to advocate for yourself and. you never need to go out there and be. productive, no it's easier. >> Yeah. So, that's why I'm trying to. figure it all out. Do you even know your. bills if mommy is taking care of them? >> What if I know I pay $600 about this. relationship? I am so confused. Okay. Yeah. Yeah. Give me how this started. because what the. >> I mean it's been so long. I don't really. remember how it started. It's just she's.

a helicopter mom and she just likes. >> Wait, you're 32. >> Exactly. That's why it's been too long. I can't remember how it started. >> You said 18? >> Probably before that, honestly. >> Did Well, yeah, before that. It makes a. little more sense to a certain point. What did you do at 18? Did you go to. college? What did you do? >> Um, after high school, I went to a. technical center for welding. >> Okay. How long did that take? >> Took like 9 months. >> Okay. So, 9 months maybe. Mom's helping. a little. I get that. Post 9 months.

Then what did you do? >> I just welded for a while. Um, I definitely went through a bunch of. jobs throughout my life. >> That's okay. That's normal. Well, I. don't know why that means mommy has to. take care of bills, but the relationship with money then at. that point when you started working your. full-time jobs. and we're no longer in school. What was. that dynamic with mommy and money? >> I mean, we were just I was just living. with mom and she likes to take care of.

everything. I don't know. She uh. >> How much is she in your life? >> Completely. I mean, she financially completely. >> She can log into your bank accounts. >> I don't wouldn't be able to. >> No, she can. >> She can. >> You can't. >> I don't know the login. >> You're laughing about that. >> I'm laughing at your reaction. >> No, that's insane. >> I know. It's insane. >> What about your email? That can she get. in your email?

>> I have my own email. >> Can she get into your email. >> for the email that's connected to the. financials? Yes. But then I have my own. email for other things. >> Yeah, the special goon email. Yeah, I'm. sure. Okay, hide that from mommy. >> What the are we like what are we doing? Is this the You're older than me. I. can't even like make fun of like someone. younger. Like what are we're regressing? What is this? Okay, you can't even log. into your own accounts today. She had to.

pull these statements. >> Yeah. Yeah, it's embarrassing. It's. >> okay. Sure. But if I'm embarrassed for something for. 14 years, I'd do something about it. 14. years of this minimum. Minimum. >> I wouldn't say I've been embarrassed. about it for 14 years, but it's getting. >> When did you start getting embarrassed? Cuz you're 3ing two.

>> Probably 28ish. >> when people started asking. >> Four years ago. Four years ago. Oh, you're embarrassed and you still can't. log into a bank account today. >> Well, it's tough because every time I. ask for the passwords, she just will. say, "Oh, I can't do that right now.". Or, you know, next week I'll get them to. you or whatever. >> It's so not true. You know your password. to your bank account. I don't know it. >> And do you live with her? >> No. When did you When's the last time. you did? >> Probably about 2 years ago.

>> Why'd you move out? Well, my grandma had. a stroke and she kind of needed someone. to take care of her. >> So, you moved out to take care of. grandma. It wasn't even It wasn't even. to be independent. >> No, she moved into my room at my mom's. house and then I took over her trailer. >> So, again, it wasn't for any kind of. independence. It's cuz it was a. necessity. Oh, good. Did not wake up. today expecting to. I didn't know you. this existed in this world. >> I'm sorry. I don't want to be I don't. want to be horribly insulting. Just a.

little insulting. mildly. A little high insult, but not. aggressively. >> Little bit deserving. >> No, you deserve a lot, but not. aggressive. >> Um, how'd you get these statements. pulled then? >> I asked her to see them every once in a. while, so she didn't really think much. of it. >> And then what's that dynamic like when. you get the statements? Does she like. hover over you as you're looking at. them? >> No, she just emails me them so I can. check them out. >> What's y'all's dynamic right now? Right.

now, I get paid and then I give her $600. out of that paycheck and then she pays. whatever needs to be paid. >> Wait, wait. You Huh? You give her 600. the paycheck, but she's managing your Is. the paycheck cash? >> No. No, it gets deposited. >> I'm full of my my own personal checking. account. That's. >> that's the only thing that I really can. log into. >> And you know you're logged into that. >> Yeah. Yeah. >> Does she have the login to that? So, it's a little bit in the.

little bit in the separation. The bills that she has to worry about. apparently for you that you can't. Is. that all this? >> Yeah. >> But you're dying in debt and she's. managing it and then you don't care. >> I care. That's why I ask her for the. passwords and everything so I can get in. there and get everything transferred to. >> Are you an only child? >> Yeah. >> Okay. Is dad there? >> Dad passed away when I was 18. >> Okay.

>> So, that could possibly happen. >> We're linking things together. I don't. think she wants to lose mommy's little. boy. >> Yeah. >> When you moved out, how far away from. the house is that? >> 30 seconds. >> Okay. You didn't move out. Oh, dude. Okay. I think mom is holding on to you. Oo, >> I don't I mean she's not that bad. >> She's um I mean she's not.

you know crazy about it. She's just. >> What do you mean? Has she advocated for. getting you separate cuz she's not. giving you the passwords? >> Not necessarily. >> Then again, then what the are you. talking about? >> I don't know. She She's not doing it in. a malicious way. She's just trying to. help. >> Well, she might be doing it with what. she thinks is a positive intention, but. is it leading to positive results in the. end? You have no independence. How old's. mom? >> 60. >> What happens? Hopefully not for a very. long time. When she's not there, what. are you going to do? You won't even know.

how to get into your own accounts. >> That's kind of why I'm trying to get. everything. >> Sure. You're 32. Let's say she makes it. to 80. Okay. So, what are you going to. be 52 at that point? Great. Wonderful. And then you will be 52, still living on. mommy paying your bills from your own. money because you can't manage it. yourself. >> Well, it's better than her paying the. bills. When you applied, you didn't even. know her age when you applied to the. show. You said she was 52. Colton just. told me. Colton just texted me. You. didn't even know that's 8 years. difference.

>> Eight year. Such a weird mixed up. >> Does she know that? Does she know? >> No, >> I got mixed up. >> with what? >> My uncle's age. >> Your uncle? So, not even the same. gender. >> This is weird. And it's so it's on the. same property. What? >> The place you moved into? >> No, no, no, no. It's. >> It's 30 seconds away, though. >> It's a street over. >> It's not the same property.

>> What do you want to do in life, big guy? Because you're single. Mommy's taking. care of everything. And you're living in. a trailer that was grandma's. That was. only you. You I mean, the only reason. you ever moved out was cuz grandma. needed to move in. >> Well, I did want to move out. It's not. that's not why I mean it is why I moved. out but that's not it's not the decision. or I guess it is but it was always a. talk to me wanting to move out. >> Great. I'm glad we talked about it but. you did nothing and you still live in.

grandma's place. Buddy, what do you want. to do because again this is such a weird. situation. >> I want to get my finances in my name and. well they are in my name but I want to. have control. >> But that's a very basic thing. I'm just. even talking about you having any kind. of separation from family, talking about. any kind of love life. I'm talking about. anything. >> Hard. It's hard to get out of that. trailer and move somewhere else because. the rent is itself pretty cheap. Um, >> but it's not about that. >> Well, financially it is. If I'm only.

paying $500 for a financial show, obviously there are things that. supersede that. You're okay. I'm going. to be real for a second and just brutal. and pretend like I don't care about your. emotions for a second. Your life is. nothing. >> I mean, I get my bills paid and I'm. starting. >> and that's what I'm trying to say. We. can separate. We need to separate that. Finances are a very important aspect and. I advocate for it hard. Outside of that, your life is nothing.

>> At 32, you're pissing your life away. >> I don't think so. >> What? In what way? I mean, >> romance is nothing. Living with mommy. and mommy. >> You were. Come on. The only reason you. moved out is cuz grandma. >> Well, the only difference is, you know, I would be pushing. >> to grandma's place. >> I feel like that's not that big of a. deal. >> Huh? >> You know, the only difference of me. giving her money and paying the bills, like obviously I don't know the. statements or anything, but I would just. be pushing send payment. >> You know, this isn't normal, right? >> Yeah. I feel like.

>> when did you learn this wasn't normal? when people would ask me how much I'm. paying for my electric bill or something. and I really didn't have an idea because. I don't pay them. I just pay all my bills in one flat. payment and then they get paid. I think. >> it sounds bad the more I hear people. talk about it. >> cuz I can't even. >> Oh, man. >> verify that. >> What about your debt? Do you even know. how much debt you have? I know now.

because I sent you the statements. >> Wow. Before that, you had no idea. >> Not really. I was thinking probably like. $10,000. >> You didn't give a. >> I figured it was okay cuz of it. >> Probably minimum monthlies. >> Uh so you thought it was 10. What is it? >> Uh I think it's like upwards of 50 now. >> Dude, that's insane. That's a gap of the. century. 10 to 50. You're $40,000 off. That's crazy. Yeah. So,

when I watched the show, I realized it's. not as simple as just having my mom pay. everything. I just need to start. learning everything and taking. responsibility. So, >> you need to quit using your credit. cards. >> Big guy. I want to know from your own. perspective, why have you you not. tried? >> I have tried. She um.

>> why have you not pushed harder? Cuz. you've asked, she deflects and that's. it. >> She said she'll give she says she'll. give it to me next week or whatever she. >> Yeah, but that's been endlessly. happening. Why not sit down and get it? >> It starts fights and it doesn't happen. anyway. >> Okay. What does that tell us? What are. the fights like? Tell me. >> I just argue with her because she won't. give me. >> Tell me. Walk me through the fights. I. tell her I want the passwords and she. will say, "Oh, I don't know when to. transfer everything over because I I. don't know." That's what she says. And.

then, >> no, walk me through this, buddy. I need. to know the dynamic here. >> And then I tell her, "Just give me the. passwords and I'll figure it out." And. she says, "It's not that simple." And. I just tell her to. And she won't. >> Why is it not that simple? What's the. argument? >> She just doesn't. I don't know what the. argument is. I don't know why it's not. It's so hard to just give me the. passwords and do everything. She just. won't do it. >> But you said you guys fight about it. >> Oh yeah. >> What's What's the fight? You just keep. saying yes, give it. She says no hard.

and back and forth endlessly. >> She's drunk usually when we have the. fight. So. >> Oh, bring drinking into this. >> So. I get off I I work midnights. So when I. get off work, I go to sleep. Well, by. the time I wake up, she's at the bar. having fun or whatever. >> Every day? >> Yeah. >> 7 days a week? >> Probably 5 to 7. >> Well, not seven. >> Is she an alcoholic? >> I would say so.

>> I'm getting shocked faces in the room. No one knew this. Okay. >> Yeah. >> Why don't you approach that conversation. in a sober time? >> Because I am sleeping. wake up. >> She goes to the bar like 4:00. I get. home at 8. I got to sleep a little bit. >> So, you have the argument at the bar? >> No, when she gets home. >> What time is that? >> Like 8 or 9. And she'll drink at home, too. So,

>> okay. We don't have to get into all this. drinking. That has nothing to do with. it. >> You have access to the email. You can do. password resets. >> Yeah, but I don't. >> Why haven't you taken that step? >> I don't want to mess up whatever she. needs to transfer. What does she What do. you mean transfer? They're your. accounts. >> She says she says need to transfer it. into my address or something. >> No, you probably just need to go log on. and change the billing address if that's. what you care about. >> He does. You mean know what credit cards. he has. >> You just have to do a password reset. You have access to the email that's.

attached to all those accounts, right? Conf. Confirm. >> Correct. >> To what? >> You have access to the email. >> Yeah. >> USA Bank, you do not have to login. information to this. >> No. >> No. Do you have the app downloaded? >> No. >> Download the app. >> Yeah, download the app right now, big. guy. This ising crazy. And while you're. downloading it, what was the title of. your job again? >> Uh, roll former. >> Roll former. Is this what you want to. do? Because you're very locked in in the.

situation. No, keep keep going. >> It's just downloading. >> Okay. Is this what you want to do? Because I'm so confused. I feel like. you're locked into this life where. you're being controlled. >> I mean, it pays the bills. It's the most. I've got. Is that what you want to do? >> I would like something different. I. don't know what it would be, but. something that would pay more. >> Just It just comes down to money. >> pretty much. >> Okay. >> I don't really mind what I do as long as. it's giving me good money. >> Colton's telling me you told him you. wanted to be an astronaut. >> I mean, I said I like space, you know,

but I don't think there's really much. job market into that. >> Probably not in Youngstown. Well, I. don't think there's really I've done a. little research on like. >> SpaceX. >> I'm not going to make that. That's. ridiculous. Look at my weight. For one, I'm not going to be able to make the. train. >> Oh, you think you're going to space? >> No. No. You said you're the one who. brought up space. >> You know, there's 90 like 99% of the. jobs in that do not go. >> right. >> up. >> I don't think I'm that smart to be in. there either. But.

>> what happened here? Um, I had a cyst growing under my skull. into my brain and I got some surgery to. take that out. >> I would have watched the video, the. Poppy video. I would have watched it. Okay, you got. >> I asked them to record it. Yeah, we're. stuck. Um, I couldn't log in. >> Good. Put in your do a password reset. Here we go. Password reset time. >> See where is that out? You get. >> We're gaining independence for the first. time in our lives at 32.

Let me see how far he gets with this. >> Well, I had to enter in my phone number, but that didn't work. Surprising. Had to. enter my Wana's phone number. >> Okay. >> So, now she's got a code. >> What about an email address? There's no. email address option. >> It didn't ask for an email. >> I'll text her to see if she got the. code. All right. Reset password. >> You got a password reset? >> Yep. >> So, this is your first time logging in. We're conquering independence. >> Correct. We are conquering.

>> kind of. >> next step space. >> I don't know. I don't think that's going. to happen. That'd be cool though. Maybe. in my lifetime. Get a little space. adventure going. SpaceX, they're doing stuff. >> We have indoor skydiving somewhere here. in Austin. Oh, >> that's no fun. We got to see the Earth. from outer space. All right, let's see if I can log in. Welcome.

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student loan debt more affordable. Go to. yfy.com. That is yrefi.com. Or call 89733978. That is 89733978. And see how they can help you move. forward with confidence. >> She likes to just take control of. everything. I'll go over her house for. dinner or something and. >> a 30 second walk. >> I can't even make my own plate. She just. likes to do every that. >> Okay. Well, that's motherly. I mean, that's a little different, right? >> I guess. >> you come over. You're kind of in like.

the what? Northeast. And she was like, "Oh, my little boy." No, that's okay. >> Okay. >> Giving you this plate of gumbo. You eat. You eat, kid. You eat. Right. Like that. But imagine woman version, >> right? But I don't know. >> That's what they do. >> I feel like. >> that's not a red flag. >> I don't know. It goes pretty deep. >> Well, she probably thinks you eat too. much. I mean, she makes me pretty pretty. big plates. I'm a big boy. >> Are you in? >> Yep. >> You're in? >> I'm in.

>> All right. That's right. >> 25 minutes into financial a. log into your own accounts. >> Correct. >> All right. >> Making moves here. proud of you. Thanks. I was a little cheeky. I was a little. cheeky working with my cheeky boy. Colton. Um because he's a cheeky boy, too. We ended up contacting her outside. of this before you guys came. came up. with a secret little plan and we.

actually put her in a room near us with. a little TV setup and she's been hearing. and I'm going to bring her in right now. and we're going to talk about howing. weird this all is and she's heard. everything you said. This is. >> these guys told me. >> this is wild. Welcome. Welcome. Okay, you've heard a lot of things there. >> Yeah. >> Sorry. Don't let it happen again. >> Don't let that happen again. I Okay. And.

and in the followup, I'll make sure. Okay. >> Um what do you think of all that? That. was a wild. >> Yeah. Yeah. It's just I don't know how. it's happened. It just kind of happened. and you know. I don't know. >> So I mean he accused pretty heavily of. He pushes for it. >> He does push for it. My biggest problem. is I don't know how to. transition from.

me paying his bills with his money to. just it going over and where do I stop. paying and and he starts paying and I. know it's stupid but I just. >> What's the confusion on it? >> I don't know. And he's not $50,000 in. debt. >> No, he's not. That was confusing that. you still didn't know it even after you. looked. >> You're 50,000 in debt. Oh, >> 27 with his student loan. >> Yeah, it's that everything. >> Yeah. Okay. >> Yeah.

>> And his car. >> I don't I don't have that in student. loans. I have that car and credit cards. If there's student loans, we didn't know. that. >> Car. Yeah. >> Well, great. So, he All right. But no, if the three or if what was it? $6,900. that he gives you on a monthly basis. If. that is no longer given to you and he is. logs into the account and sets up. autopay to his accounts, you wouldn't. have to worry. I mean, it would be as. simple as that, would it not? >> I know, but this just isn't me. This got.

to take some responsibility for it, too. He likes it that I do it this way. because it's easier for him. And I don't. care what he says, but. >> is that true? >> It is easier. He's just always told me, you know, when we first started doing. this, just tell me what I need to pay. you and you pay my bills the last couple. years. Yeah. He's been asking to. >> Well, shouldn't that sign. >> transition it over to him? >> Why have we pushed back for the last two. years though? Because let's say we.

didn't transfer anything. Why not the. login? Why can't he have the login? >> I've given him his login. >> No, you haven't. >> Well, I haven't given him his login to. his credit cards. Well, >> what login does he had? >> He doesn't even have his credit cards. He gets one credit. He gets one credit. card cuz he's not good with credit. cards. >> Wait, wait, wait, wait. You only allow. him to have one of his credit cards? >> Yes, >> he has five. >> Oh, he's got. >> He has more than five.

>> 10, but the other five have zero. balances. That's why you probably don't. have those because I keep opening up. more and and putting 0%. >> You're opening up cards. >> Yes, >> you're opening up cards in his name. >> I transfer his balances. So I guess. >> not funny. >> He'll use credit cards for gas and food.

and stupid stuff that you shouldn't be. using a credit card for. Yeah, without. my knowledge. >> Yeah, I do. It sounds worse than it is. >> No, I want to be very clear. He's not. going to do this. And so, it's probably. fine. But he could literally sue you for. that. >> He's not going to. So, I don't think. that's where we are. It's We don't have. that dynamic. >> No, we have a good relationship. >> that is very technically against the.

law. >> Yeah, I know. Are are you broadcasting. this? >> No, there's not a cop sitting in another. IRS sitting by. >> Yeah, right. Yeah. >> Um No, no, no. Cuz again, that would be. him. >> And he doesn't do his taxes either. And. I've tried to get him I did try to get. you to sit down with me once. >> When? >> Like a couple years ago to help to go. through doing your taxes. >> I don't remember that. >> Yeah, I did. >> He don't want anything to do with any of.

that. I mean, a little bit. That's why I've. been asking you for the passwords. I. need to get It's embarrassing. >> I really don't want to do it anymore. myself. I'm just over it. I've got. enough of my own bills to take care of. and my business bills and my household. And I I I don't need his. >> So, give me them. >> I know. I need to. >> Are you not afraid of him not being able. to survive without you at all? eggs.

>> Then why aren't you pushing him? Cuz. listen, if you're not, you say you give. login, he says you don't. Well, and then. you say you don't for credit cards. anyway. Listen, >> and obviously we hope you don't. >> tragically pass away tomorrow. What the. is he going to do? >> I know. >> So why aren't you pushing for that then? You would you But if you think about. that all the time, you would be the one. pushing him, not him pushing you, right? because he probably doesn't even realize. that your bills are. probably a little bit more than. >> Well, he wouldn't if you don't. Are you.

subsidizing? >> No. What happened was when my mom moved. out or moved in with me and I moved him. to my mom's mobile home, my mom felt bad. for kind of forcing him to leave. So, she kept paying the lot rent. So, I. don't think he's realized that he's. never paid the lot rent there. >> Really? >> Hey guy, you were complaining to me. about the rent. >> I know. I said it was good. >> And by the way, >> I am paying it. >> I do pay more on his credit cards than. minimum payments. >> I don't just do that. >> Is it going up? This makes no sense.

>> because he uses them. And then he went. to UK and then. >> he went to the UK. >> Yeah. >> Yeah. >> What's the zelling coming in of 1,800? He had about 1,800s of zealots into his. account. >> Do you know. >> for the US bank? I might have to keep. you here cuz I like the whole. conversation because you might have to. be the one that answer the questions. >> Zel come into his bank account. >> He had Zel's in of 1,800 total. >> in my checking account. >> Oh, for I don't know, dude. I'm just. saying total across the month. 1,800. came in.

>> I'll put $500 direct deposit into a. savings account and discover. >> Then you sell over. So, it's not new. income. This is just transfers. >> I didn't even know about that. By the. way, I have no access to his his. personal bank account at all. >> He. >> You drew that boundary. >> Yeah. >> Yes. I do not have access to. >> Did you try to get access? >> No. >> Yeah. I was going to say this. There was. no real boundary made, but. >> No, I've never had access to his bank. account. >> Nor do I want access to his bank. account. >> Well, he told Colton you're worse off.

financially than he is. >> Yeah, I am. >> 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 Wise. 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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team that you can reach at any time. This is a no-brainer. dollar.com. Let's. go. Then why would you be the one. managing his finances? >> Horrible with money. I am I'll be the first to admit that I. am horrible with money. >> Then why is she the one doing it? Can. someone explain this to me? >> Yeah. >> Can someone explain this to me? Cuz this. is blowing this bad. He's bad with. credit cards. He took a credit card to a. strip code. >> when he was 21 and 21.

>> Stole my car to go there. I met a girl. A. >> Yes. >> I didn't know she was before I met her. So then I had to go hang out with her. >> Yeah. >> And I decided I'll try every one of the. beers there and get a bottle of. champagne in a private room. >> What? You guys are wild. I don't even What the is going on right. now? >> Then I got an apartment with her and.

broke the lease. No, you did not with. the. >> Yes. >> Did you know this? >> That's what That's the first time he. moved out when he was 18. >> What the? [Laughter]. >> Yeah. >> Oh, no. >> He paid his bills at that time though. I. didn't have anything to do with your. bills. >> You found her. Moved in with her. >> Yeah, I was very upset. >> Was she at least hot? >> Oh, no. >> Guy, she was okay. >> She was okay. I didn't like her though. She did. She did pills and stuff.

>> She was that. >> Yeah. I don't know. I don't. >> Why were you latching yourself to her? >> And she had a one-year-old. >> What were you doing? >> I don't know. Fell in love with her. I. guess. >> a drugadd addicted one-year-old. >> Well, I didn't know she was drug. addicted until halfway through the. relationship. >> Yeah. >> Really? You were living with her and you. did not realize she was addicted to. drugs. >> I mean, it came up and then I we went. through rehab. I. >> we went through rehab. >> She went through I went with her.

>> Look how you're saying we like you put. her through rehab. >> No, cuz I went with her. >> How long were you with her? >> I don't know. Like a year. >> Thank god. I was so happy when And she. he finally left her and she threatened. to commit if he didn't come back. >> Well, that's typical girl behavior. >> Well, not really. Actually, that's not. typical. >> Colton, what have you brought me here? This is crazy. I don't know that effect. >> Can we see a picture? We're visual. learners here on financial. >> No, she blocked me on everything so I.

can't. >> She blocked you. >> Yeah. >> Cool. >> Yeah. >> I uh she after she went through rehab, she relapsed and uh. >> What was she on? >> I didn't even know that. >> The big age. >> Yeah. >> I didn't know she was on caught her one. day in the middle of the night trying to. do it and um. >> in bed with you. I mean, she was in the. bathroom, but I caught her and I laid out two. lines of it and then said, "Let me.

finish. Let me finish." And I said, "The. only way you're going to do it is if I. do it with you." Right. So, and she. said, "Okay, let's do it.". Oh, no. >> And then I left and packed my bags and. left that night. And. >> I was going to say I He doesn't do. drugs. >> Yeah. I don't even drink. He doesn't. drink. He. >> I smoke. That's about it. >> Yeah. >> Hey, that's legal. >> So's so is drinking,

>> right? >> That's not If this is what we're. learning about in the main show, I'm. concerned about what we're going to. learn about in the post show. >> Oh boy. Okay. Well, this has been fun. >> How much of this did you go? >> This is blowing his mind. This is crazy. Oh. Um, >> I hope nobody ever sees me. >> Yeah. Not a top ranking show online. >> The best membership. >> Promise. >> on YouTube.

>> That is true. >> Yeah. >> So, it's okay. What the is happening in. Youngstown? Um, >> yeah. So, you changed your uh. Is that why you wanted those codes? You. changed your password? >> Yeah. I need to get myself into these. accounts. Okay. Okay. So, wow. Um, what to ask? I'm just I'm a little. confused still on honestly. Um, we need.

to get into these finances because this. has been going for a while, but this is. this is laying the foundation in a very. I kind of understand what is going on a. little more now. >> Yeah. >> But you are terrified that he is not set. up yet. Again, he's the one that pushes. you for the finances and you That. dynamic's not meshing. >> It's got to be. You know why? Because to. to be fair, >> he is way better than with money than I. am. >> Then why is he the one pushing you? Why.

aren't you pushing him? >> I don't know. Because I can't even. believe he has savings. >> I didn't know. >> It's probably more of to we'll do it. tomorrow and tomorrow never comes. >> That's That's probably I'm. >> Yeah, but he says he's pushed you after. you get back from the bar. What do you think of that accusation? >> I don't like the drinking thing. >> That's when we fight about it is when. I'm drinking. >> That's the only time I can really talk. to you though cuz I got to sleep after. work and then by the time I wake up.

>> you talk to me when I'm drinking. You. know what that's going to lead to? >> I mean, >> yeah. Okay. >> I don't know. Um. >> cuz then it just turns into a fight. >> Well, that's the thing. Why does it have. to be a fight to get a password? >> I know. I know. Like I understand the. endless sometimes push to tomorrow. I'm. a procrastinator. Sure. But if he's. pushing you in the moment, >> procrastinator. >> Sure. But if he's pushing you in the. moment to get the password, why not just. give the password? >> Yeah. >> Cuz that's not a procrastinate. That's a. >> It's walk over doesn't even know the.

password. She has to look it up. >> I don't know it off. >> Well, is it written down? But it's at. home. You said you're having the. conversation at home, so that's not a. concern. What I wanted to start with, and what I gave him his passwords for. was his his lot rent, his utilities, his. car payment, his auto insurance, everything but credit cards. So, I. thought, well, let's start there and get. those moved over and then see where. we're at. I'm afraid to give him his. credit cards cuz he he's not real.

responsible. >> You don't have to give me the credit. cards themselves. And I've actually. >> he doesn't want credit, but. >> well, I don't really need credit for a. house. >> Credit card. He'll use it. >> What does he want for his life? >> He wants a house. He wants to buy a. house. >> What else? No, >> I'd like to see him have more ambition. You know, I'd like to see him hold a. job. You know, he's gone through multiple. multiple jobs and, you know, it's all.

been like stupid stuff. But, you know, he needs to build a. foundation with the company. >> What do you think about that? >> I'm not very ambitious. I get off work. and just play video games, smoke. >> Yeah. >> But, uh, I also feel like, you know, I. get I get my paycheck, I pay my bills, I. put a little bit in savings. >> Well, she's paying some of your bills, >> not rent. Of course not. >> No.

So, >> and uh the ambition, you know, getting a. house is all she knows. >> Oh, he's. >> I feel like that's that's a long-term. goal because I really don't want to. >> Do you know he wants to be an astronaut? >> I don't think he wants to be an. astronaut more than he's just maybe like. an astronomer. He's really interested in. space. >> More of an astronomer. I mean, it would. be obviously cool to be an astronaut. obviously, but. >> go for astronomy. That's what I was. saying is like astronomers, they don't.

really make that much money. >> No. >> And I don't want to go into more debt. >> Probably still make more than you do. right now. But you make an okay living. for Youngtown. You're probably not going. to get an astronomy job in Youngsttown. You're going to be working for a. university. >> Actually, Youngsttown State University. has a really good class. I applied. I. got denied. >> Program. >> Why'd you get denied? >> Probably because I didn't provide enough. financial records or something. >> Oh, I didn't even know about that. >> I don't know. I applied and they just. sent me an email saying I've been. declined.

>> If he doesn't have any independence, do. you want him to find a lovely little. lady with a wife? >> Yes. >> You want a grandbaby? >> I want grandkids. Yes. >> That is impossible in the situation. Who. would date? Listen. >> No, I know. >> Who would date the just the financial. structure that we have discussed? Who. would get involved in that? >> Well, he's got I mean, his credit score. is great. >> It's more than just that. Someone's. getting in and they know that their. future mother-in-law is the one. controlling his finances. >> Well, that'd probably be a big secret if. I got into a relationship.

>> Yeah. Something you would have to tell. them at some point would be a bomb. >> Yeah. >> Yeah. Eventually, this got to change. obviously. I mean, >> point addicted baby mas preferably. >> Yeah. >> Um, when was your last long term? >> Uh, probably three or four years ago. >> Okay. Yeah. >> What went wrong? >> Apparently, we spent too much time. together. She broke up. She we I like. lived with her. I've known her since as.

long as I've been in school. So, and. then we started dating after school. And. then we hung out all the time. I always. spent the night. And then she ended up. getting me like a dresser to put all my. clothes in or whatever. And like a week. later, she broke up with me because we. spent too much time together. >> in one week. >> No, >> no, no. Just a week after she got the. the dresser. >> Okay. Listen, if you want that ultimate. goal of which I support, >> you got to give him independence. This. is like the first thing that happens.

when we land in Youngstown, okay? >> It is full independence. Him, if he. fails, let him fail. That is his to. learn so we can grow from it. But. unfortunately, his first failings that. he's supposed to be doing from 18 to 24. are going to be done from 32 to 38, >> right? I know that. And I know I need to. let him do it on his own so he knows. >> Is there a part of just losing your boy. here? >> Maybe. >> I mean, I know you lost your husband. tragically and that's very sad and I'm.

very sorry about that when he was 18 and. he's your only kid. >> Yeah. And he was 16 and his father. really wasn't in his life. >> much before that anyway. >> Okay. >> So, >> he's your only boy. I understand you. wanting to baby and latch on, but the. best thing for his future is him being. independent and being able to make these. mistakes and learn and grow, >> right? Yeah, I know. >> I'm going to go 3 2 1 go. On go. I want. you guys to give me a score at the exact. same time. This score is his finances. So, what you think his finances are and.

what you think your finances are. Okay, I'll explain. >> The score is 0 to 10. >> Zero being the worst finances you can. imagine, 10 being the absolute best. finances you can imagine. Okay. Okay. >> So again, it'll be a countdown from. three and I'll point and I want you guys. to say what his financial score is. >> Zero out of 10. >> Zero out of 10. Same time. Three 2 1. >> Okay. She thinks it's a little better. She thinks it's middle of the road. You. think it's middle of the road? >> Yeah. >> Middle of the road. All right. If you. want to see where you stand in the world. of finances, take the Hammer Financial.

Score quiz assessment at caleb.com. It. is free. See where you need to improve. See where you're doing well. And if you. don't want to be like a guest who ends. up on the show, download my favorite. budgeting app dollar-wise. Sign up for. the free trial and if you like it, sign. up for the annual version to save a lot. of money. And if you do, I'll mail you. our budget friendly cookbook that I will. personally sign and send directly to. your door. Go to dollarwise.com to learn. more. Let's jump into these numbers. Honestly, um, at this point, I was I. thought I was going to ask for you to. leave, but the fact is he's never seen.

some of these accounts. I might need you. to answer the questions on these. accounts. So, I think I'm going to keep. you here. >> Right. Okay. >> I'm not even sure I could answer them, especially about the credit cards. >> Oh boy. Okay. US Bank, you know, there's. a crazy statistic or something that like. 60% of Jenzers admit bringing their mom. to a job interview at some point. >> Kind of what we're seeing here. But. you're a millennial. >> I don't think I've ever done that. >> No. >> You're kind of doing it right now. >> Yeah. Right.

>> Okay. US Bank. So, just tell me from. your perspective what is going on with. this card. >> I couldn't really say much. I It's It's. either that trip to the UK or just bull. purses that have. >> You wouldn't even know what card you. used. >> No. >> What's going on with this card? >> I don't know. >> I honest. >> I'd have to look at them each. individually and I don't know. >> All right. Listen here, Financial Audit. I've curated the exact resources and.

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plan for the same exact service. But. most importantly, go get your free. Hammer financial score and see where you. stand in the world of finances. Take the. assessment at caleophammer.com. You will. not regret any of these. Change your. life today. >> What is the balance on that? >> It is $4,390.50. with a minimum monthly payment of $74. How long do you guys think this takes to. pay off if you do minimum payments only. with no purchases? >> 10 years. 13 years.

>> What do you think? >> I would say about that. >> Nine. Nine. almost a full decade from. now. That's if you don't purchase this, if you don't do any more We. know he does the. >> percent interest once I did. >> Well, zero interest charge, but let's. see. Um, >> no. What happened? >> It's got an interest rate on that one. >> No. No, it doesn't. What happened? >> I don't know. >> Do we not know what happened at all? No. one knows what happened. >> So, you give mom the money to pay this, >> right?

>> It's late. There was a late fee added of. $30. >> What? >> This is why I tell her to put on. autopay. >> I can't do autopay. Huh? >> Huh? Imagine that. >> I don't know how that happened. >> I know. I looked at my uh. >> late on credit card. >> usually. >> Yeah. >> And then until I look at my car payment. history, there's almost 10. >> There is no way. There is no way. Yeah.

>> There is no way. >> Uh-uh. >> 100%. >> I uh. >> Do you have a Credit Karma? >> No. >> By chance? >> Well, yep, >> sure. >> I don't have it on my phone. >> Well, what do you mean? Does do you have. Shouldn't everybody have Credit Karma? It's just checking your credit score. >> Whether or not you set up an account, I. don't know. >> Oh, >> you're not born with a Credit Karma. account. >> I set up an account. >> That's true. Is that where you get his.

new cards from? >> Um, no, not not always. Usually just. something in the mail that looks like I. look for one that's 0% for like 21. months or something and I'll transfer. >> When's the last time you think she. opened up a credit card for you? >> I would say the UK trip uh in March this. year. >> of this year. You went to UK this. >> When's the last time you opened up a. credit card? >> I would say 6 months to a year ago. Not. sure exactly. We don't know. >> No.

>> Yo yo, dude. Colton says this is mostly your video. game card. >> Videos purchases on this one. specifically. Uh I'm sure it was video. games before, but again, it is $4,390. And it is interest free right now. Let. me see. Until when? Mostly until April. >> April, which. >> is not that long. So minimum monthly. payments. What are we in? We're in. September. So, I'm going to call 6 months until.

interest starts acrewing. And now, it's. not like you're getting deferred. interest. So, I don't need you to freak. out to pay this off early before. anything else, >> right? There's no deferred interest. >> But even still, if you want to pay it. off before interest does acrue, that's. still $731.75. a month. >> A month? Yeah. >> How are we doing that? >> I'm opening up another credit card with. 0% interest. >> Oh, is that like a good loophole? >> Is that the strategy? Yeah. Until they. don't let you, >> right? >> Until you run out. Yeah, you can only. Yeah, there's there's quite a few open.

>> Oh, we do have a PDF of your credit card. karma. Do I or. >> I just sent it to you? >> Yeah, slack it to me 100%. Cuz I want to. see this car thing cuz it would know. It. would note down there. Let's see. >> There's no mis payments on anything on. his credit card. >> This was late. You didn't know it? >> It's not on there. >> So, how are you knowing this then? >> I don't know because. >> I don't believe that. >> I'm I'm logging into my Huntington to. show you. >> Okay. They show me. >> cuz that's where my uh loan is from. through Huntington through my bank. account. >> So you have access to your car loan, >> correct?

>> It's not the credit cards. Okay. >> I don't have access to his car loan. >> Then well hold on. If she doesn't have. access to it, why is the late on her? >> Because I pay it. I do pay it. >> How do you pay it if you don't have. access to it? >> I just pay it through my Huntington. I. have his account number and I pay it. through my online bills. That's how I. pay all his bills. >> Oh, okay. >> See, look. Late charge. Late charge. Late charge. >> Three. >> Late charge. Late charge. Late charge.

Late charge. Late charge. >> How much per? >> 35. >> Paul. >> Pretty much a whole car payment. >> Are you going to give him $280 right. now? Cuz that's what he lost by you. being late. >> Oh, no. He didn't lose it cuz I probably. paid it if I did. >> No, it's just added to the overall. balance, right? It is. >> Which he gives you the money to pay, right? shocked that that I just don't. believe I ever paid it that late. I. remember one or two times almost every. month. >> It's there. It's there. Like I don't. know what to say. It's there.

>> I don't know. >> It's there. And there's something in my. coffee. >> So yeah, that was eye opening when I. sent the statements over for that. >> That's when you learned about that. >> Yep. >> Oh, >> did you know about the Leafy on here? No, you didn't. Cuz I asked you what. happened and no one knew about. >> money. No. Why you let him have his. money? >> I know. You know what you should do if she. doesn't let you? Just let him, by the. way. But if she doesn't, just don't give. her the money. Yeah, >> right. >> Don't give them They don't know because. then you cuz then maybe she won't pay. and then you.

>> No, I wouldn't do that. I would never. with his bills. >> Right. >> I got one statement. I've had one. statement. >> I don't know what happened there. >> So, let me ask you something. If I give. you money, what do you do with that. money? pay your bills. >> You don't just use the money for. something else and then pay it back some. for when your job or something. >> Your money goes into my account. You. direct in my account and I just pay your. bills when they're due.

I used to keep track of it, but I don't. anymore. It just became too much. >> Cuz I have this sneaking suspicion that. I give you the money and then you're. feel like you're able to go to the bar. and then. >> Oh, hell. I have enough of my own money. >> You're self admitted bad with money. So. maybe you'll use it as a way to. subsidize something and then you'll pay. it back. >> once you get your money from your job. >> No. >> Or something. >> No, it's not like that.

>> That would make sense why all the late. fees would be there. >> No, that's just being that's just being. lazy and stupid or I forgot that the. bill was due or whatever. >> And then that's where autopay comes in. >> Yeah, but I can't do autopay. >> Why? >> I never know when I'm going to have. money in my account. Uh, >> whatever. >> Does he ever borrow money from you? >> Yeah, occasionally. But he pays me back. But you know what? You did ask me not to. give not to make you pay $600 a couple. weeks ago. And you never paid that back to me.

>> For what? >> You said you're going to pay me $700 for. the next six months or six paychecks or. >> whatever. >> For what, Drew? >> My work's been kind of slow lately, so. they were letting us go home. No, you. said you're getting at 40. >> Huh? >> You said you're getting 40 hours. >> Yeah, usually. But the last couple. weeks, >> your pay was higher in the statement I. have than you even say you get. >> But what we're talking about, my job was. slow. So, we had reduced hours. They let. me go home and I didn't have enough and.

I didn't want to take out of my savings. So, I asked her if I could. >> not pay that. >> Not pay it. And then, >> is this why we spend uh almost $550 on. going out to eat on a monthly basis? and. $650 on miscellaneous on a. monthly basis. I borderline round up. probably with everything else combined. cuz we had other large purchases $3,500. I don't know what that is yet. We're. about to find out. You at minimum. minimum minimum minimum minimum spend. $1,000 on bull that does not matter. And. you had to borrow $600. Why not cut back.

on $1,000 of that you would. have? That's what I would personally do. If I don't have the money, I cut back. Where's your independence? You still. swiping. She's not swiping for you. Yeah, >> might be opening them for you, but. you're swiping. >> I just get feeling like I need. something. >> So, you need to borrow $600 in order to. keep that going. >> I didn't need to. >> He didn't need to. And he actually told. me, "If you don't want to do that, it's. okay. I can still give it to you." No, I. just I said, "Okay.". >> Oh, >> like I had the money. I just didn't want.

to pull it out of my savings, >> you know? And I pay for everything when. we go anywhere. I pay for all our food, everything. You don't have to tell me. cuz this isn't your financial audit, but. I know. >> Are you set for retirement? >> No. >> You should not be borrowing money from. her, big guy. >> Yeah, >> it's as easy as that. >> Yeah, that one's on me. I was just. >> No, that's what I'm saying. >> I want to see him get set for. retirement. >> Yeah, I would too. Uh. we he has $467 in his 401k. At 32, he is.

not even remotely close. >> no. >> to being set for retirement. In fact, I. mean, the income that came in was 5,610. Great. He had more hours that month. Sounds like, right? >> Or maybe it was a triple paycheck month. You know, sometimes those happen if. you're bi-weekly instead of bimonthly or. semionthly. But. >> how much was spent? What do we think? Both both of us, what what do we think. across all of his accounts? What do you. think was spent? This does include. interest occurring, by the way, because. that is money that is going out. But. what do we think was spent? >> Um, >> what was the outflow of money? The. inflow 5,610. What was the outflow?

>> Probably 65. >> Okay. So 1,000 hours more than he makes. That's horrendous. That's unacceptable. >> Yeah. >> What would you think it is? >> Less than what he makes. >> It was $7,5746. $2,000 more than he made. >> Wow. >> Retirement. That's not even a question. at this point, >> right? >> Dying on the factory floor and 90 just. to pay your bills.

>> Yeah, I don't want that. You're still young enough. Uh, >> we're getting there. >> Compound growth. He lost the best decade. of his life for compound growth in the. overall market. That it takes a. while to get that. >> to get that compound growth going. He. has delayed this by a decade minimum. now. Even worse now that I'm 30. >> 32 cuz you'd be starting this at 22. outside of college, >> right? But that you get much better. compound growth at 20 to 30 than 30 to.

40. Yes, there's more time in the. market. The longer you have, the better. And it's gone. So young enough, no, not. really. Um I mean, the best time to. start is always now, but he's lost the. best decade already. That's gone. There's nothing you can do about it. So. what's happening with the City. Simplicity card from your perspective? >> Um just random gas, food, whatever. >> That's the credit card he has on him. right now. >> Really? You're okay with that? You're. almost maxed out. Why do you even have a.

credit card on you? Why? Why? Why aren't. you doing debit? Why are you using a. credit card? >> And he doesn't really need to. I don't. think. >> I I'd rather put the money into savings, I guess. >> Is your savings rate higher than 30% of. which is likely the interest rate on. this card? >> Well, it should be 0%. >> Uh $6 $7 interest acrewing. >> Money is acrewing. >> Listen, you have a balanced transfer. offer. By the way, it's not 0%, it's 1%. That's until 10, no, about 9 months from.

now. So that's a big thing to pay off by. the way. But you also have at 30% 21.99%. almost 300 bucks as well that's. acrewing. So it's not fully interest. free cuz there was a previous balance. that wasn't paid off in time or you know. that's purchases. The balance transfer. was 01%. But anything you spend on here. is still going to acrue interest at its. normal rate. >> I didn't know it worked like that. >> Yeah. >> And you owe $4,265. on here with a $46.88. minimum payment. These payments are.

about to start stacking up, my dude. >> Yeah. >> 20 years to pay this one off. 19 to be. exact, but 20 years. Two decades. Two. decades. Minimum payments only. And uh. you know, that's what we're doing. >> Yeah. That's if you don't purchase. This. is your everyday card. And on here, I. guess the balance transfer and whatnot. It's the UK trip. Why the he going to UK. if he's not independent? And that might. be the first time you ever felt. independent. >> Well, what happened with that stripper. thing? I used a credit card, an airlines. credit card, and I ended up getting a.

bunch of airline miles and they were. gonna expire. >> with the stripper thing. >> with the because I maxed out a card. >> for her at the strip club. >> The strip club thing. Yeah. >> Did you at least get like. mother? >> I don't. >> Can you close your ears? >> Yeah. >> Mhm. >> Did you at least get laid that night? >> Yeah, of course. >> Good, good, good. >> I actually do think. >> we also got a hotel after. >> UK trip. The air fairs were both paid with our. mileage point. >> Were you there?

>> Yeah. >> You were there. >> I thought this was his independence. >> I know I went with them. >> What the I thought this was the moment. he was able to like leave the nest for a. moment and get a little taste of the. outside world. >> Well, I couldn't just go to youth K and. not bring her. >> She's got to have. >> Yes, you could. In fact, I would suggest. >> I mean I I I'd go on a family vacation. as well. Sure. But I thought this was. like the moment of like a little exiting.

the nest. A little taste test of the. world. >> How long were you guys there? >> Couple days. >> What's the couple days? You flew eight, nine hours for a couple days. How many. days? >> Three. >> You don't go to Europe for three days. I'm sorry. >> I know. It was stupid. >> It. >> But we went there cuz it was like a. video game convention. >> Yeah. >> Yeah. But I've been playing that video. game since I was like nine. >> Video game. >> Runescape. >> Uh, wave the grandchildren goodbye.

>> Oh god. >> Yeah. >> Any single ladies out there? >> How much did this $2,000 for a three-day. thing? >> Yeah. >> Yeah. >> Yep. And most of that was probably. >> Oh, you went there to meet your online. friends? >> Yeah. that I've known for. >> Why would you even go to that? Why would. you want to go to that? That doesn't cuz. I thought you guys were going to, you. know, explore some history, get some go. to Stonehenge, kind of. >> get some brown food with peas and things.

like that. >> I don't know why I went. I wasn't. originally going to go, but I was. worried about him and. >> so I went. We didn't. >> What did you think was going to happen? >> It was horrible trip though for me. anyway. >> Well, yeah, he went to a Ruinscape. convention and hung out with his online. friends, his Discord mods. Like I don't. What were you expecting to get out of. it? >> Oh god. I don't know what I was. expecting. I thought we were going to go. see some sites and we really didn't do. much. He just. >> There was no time.

>> There wasn't no time. >> It's You could have had a good time over. there. It's a little exotic. They still. have their foreskin. >> Oh god. >> Right before uh my job is when we the. convention was so I didn't really have. time to stay there that long. That's why. we didn't stay for we only stayed for a. couple days and I was starting my job as. soon as I got there. >> You didn't do anything there. >> No, >> you were in the hotel. >> We went to Stone Hedge. >> That's it. We went to UK and we went to. Stone Edge. >> It was horrible driving. I I was afraid.

to drive. >> And she wouldn't let me drive. >> Guys, >> you were driving on the wrong side of. the road with the stick shift. >> That's hard. >> Why don't you take transportation there. or something? like a tourist bus. I. >> don't know why we didn't do that, but we. decided to rent a car or I decided. >> and it was so unplanned that Stonehenge. thing. You apparently have to like make. an appointment to go there. You can't. just like roll up to it. >> Okay. >> So, that hurt.

>> So, you were in the hotel while you was. at the convention though. >> Yep. >> Buddy, what the are we doing? You guys. are so interesting. TLC, contact them immediately. TLC, I get a. commission. Contact them immediately. Like they need a show. >> The lives you guys live. This is crazy. >> Oh yeah. >> Okay. Okay. Yeah. We've had a lot of interest. this year so far. How many times have.

you balanced a transfer on this card? Is. it just that one time? >> On that card? >> Yeah. On the We're on the City. Simplicity card. Was it just one? >> I don't know if I've done multiple. credit cards and treasure at the same. time. this year 2025. >> I don't think I've done any this year. Balance transfers. >> She's not sure. >> Yeah. >> If you didn't do any this year, you've. had approximately a late fee almost. every month. >> Well, no. I haven't had a late fee.

What do you mean? Not sure what you're. asking now. >> Well, we have almost $200 of fees. acrewing this uh that have happened this. year so far on this card. Some of them. could be balance transfer. Some could be. late fees. But if we haven't had a. balance transfer this year so far, they. would only be late fees. >> then. No, no, they would be balance. transfer fees. >> Reminder, the card we saw just before. this had a late fee this last month. >> Really? I don't do that. >> How many your car? >> Eight. >> Eight. Okay. Yeah. I just I don't. understand.

>> I think that's just this year, too. >> There's no way. I've been late every. month this year. There's It's just I. don't know. I'm going have to look into. that. I mean that that I mean I can do. the exact math. Late fees are usually. like what 35 bucks. >> Yeah, that's what it was. >> on the car at least. >> It would be five months of this year. So. not every month but five of the eight. that have been billable in this point. >> I have to look cuz I don't believe that. >> You you don't believe. Okay.

it it's impossible because the balance. here, listen, if you transfer this. balance in here this year so far, if. that was the fee, that means it would be. similar to the number that's already in. there right now. Like it wouldn't be. paid down that much. >> And it this card is a 3% fee of the. balance that has transferred, which. would have been about 115 bucks. We've. had $192 of fees here. We've had at. least at least minimum three months late. this year so far. There's no other way. I I do not see an other way.

>> Two to three. look at it. >> There's. >> He's telling He's looking at it right. now. >> Well, no. I'd have to look. >> The math The math doesn't make sense. beyond that. >> I I'm pretty good with credit cards. I. just. >> Was it in the intro window? Cuz if it's. not in the intro window, it could be 5%. That would make up closer maybe one fee. of lateness, but Okay. >> All right. Amazon Chase card. What's. going on? >> That's the card I have now. >> Oh, this is the card you have now. Gotcha. >> There was purchases. Yes. That's just.

spending randomly on bull. Uh, I. probably put like a $100 on a video game. on there. >> Did you pre-order Battlefield? >> No, that up my computer. >> I had to get a whole new computer for. that. >> Don't go into his room. >> His computer's getting that up. >> No, they had you had to like secure boot. or something. >> What' you spend $100 on? >> Uh, League of Legends. >> I'm the closest you'll ever have to a. grandchild. I'm sorry.

No, that's not true. People are gamers. these days. Gamers goon. In fact, honestly, some of the only Gen Z's that. are are like gamer men, gamer women that. are meeting on Discord and like pound. and flesh because other than that, no. one's meeting anywhere. No. >> among G. Well, actually, you're. millennial, so never mind. I mean, you. you might be fine. >> I could go to the bar. >> You know, go to the bar, though. Shut. up. Well, I mean, like she's trying to, you. know, make. >> she could be my wingwoman.

>> Oh, yeah. Okay. >> Well, yes. Colton's saying he plays. League, but you're also engaged, Colton. >> Yeah. >> You're also engaged. You won. >> Gamer nerds. Gayr nerds do very well. 12 years to pay this one off again. Yeah, lots of interesting on this one at. 26.49% interest rate. We've had a late. fee this year so far. One on this card. Just one. I just can't believe I've had. that. >> Well, this one I know for a fact. Like. this one there's no there was no balance. transfer. There's nothing else. This was.

a late fee. There's no other fee that. would have been unless you were we were. over the limit and we had an over the. limit fee, but I don't think that's done. on this card. >> I don't think so. >> So, and he did an Uber trip. I guess it. looks like maybe it was from drinking. >> Yeah. Be safe. I'm okay with that. >> I don't really drink. So, >> he doesn't drink at all. >> Do you take an Uber on his card? >> Why would I? No, I don't remember. When. was it? Does it say. >> the number one YouTube membership just. got upgraded? Three exclusive shows.

every day, Monday through Friday. Financial audit post shows, exclusive. and uncensored financial audit episodes. Our call-in show, Hammer It Out, >> then take the train, >> and brand new shows, Fat and Fatter. >> That is one. I would go off brand. >> behind the audit. >> What? >> This was wild. >> Shop smart.

>> And now upgrading from one live stream a. week to two. No other channel offers. what Hammer Elite provides. Join with. the link in the pinned comment or. description below. Join Hammer Elite, the best membership on YouTube today. >> Oh, probably in Europe. In UK, you. probably took an Uber. >> Oh, >> that's what I was asking. >> I did take an Uber once. Yeah. Yeah. >> Okay. Well, that was that. But Yep. We've had a late fee.

>> Do you ever use this on Amazon? >> No. >> So, I'm not going to look at your Amazon. then. But. >> no, >> it's mostly her purchases anyway. >> But does she purchase on Amazon using. this card? >> No, I have my own. >> Promise. >> I have my own Amazon account. He will. use my Amazon account. >> Okay. Um because you don't want to pay. prime on two accounts. So. >> which is fair, but that card's not. attached. >> No. >> Okay. >> Um it could be, but I I I'm not sure if. it is. There's actually a lot of credit. cards, but I don't use his credit card.

I use mine when I pay. >> He uses his when he pays for his. Oh, >> so. [Music]. >> I probably use it if I buy something on. there just cuz it gets points. But. >> what's going on with the Capital One. quicksilver card? >> Who knows? >> I'm just over the. I need a drink. >> Oh, okay. What?

>> Noon. About that time. >> It's 1:00 p.m. Eastern. >> I see. >> Oh, yeah. Okay. Well, I'll tell you. You. at least got a balance of $2,188.17. with a $65 minimum monthly payment. $17. to purchase this on here. Listen, that's. as much as we put towards this. So, we're not making any progress. Well, $43.74 of interest acred. 18 years to. pay this one off if we don't purchase, but we purchase. >> Yeah, I want to get rid of all my credit.

cards. >> Just need to put being used period. >> So, they got to get paid off and then. close them. I guess. >> you can close them before paying them. many times. Take away the tool that is. harming you. Credit cards are okay, but. not if you can't use them. I'll let you. use the Fizz card. It's one we advise, you know, a lot of our guests use. It's. a debit card that builds credit, so it. works. It only lets you spend what's in. your checking account. Also, if you ever. want to get a different job, I'll get. you a course career certification as. well. It's boosted a lot of people's, you know, incomes that have used it from.

this show or a lot of people in the. audience as well. So, we'll get you. those for free. But um you can close. them, take away the tool. Listen, it's. okay to have a hammer. But if you are a. person for whatever reason that every. time you swing it, it comes back and. hits you in the eye. Don't pick up a. hammer. And that's what a credit card is. for you. >> Yeah, but it makes it easier. >> Does it easier for what? >> To save. >> Save. But net you're not really. >> net you're not. Not with this 30%. interest rate. My guy listening, Amazon,

and Oculus. for Oculus and we did have. Amazon for 41 bucks. >> To be fair though, the Oculus I do a. thing with the Oculus. I'll buy it and. then. >> within 30 days I'll return it. So, I'm. just playing it for free. Really? >> Yeah. Okay. >> Well, interested on it, so it wasn't. free. >> Small price to pay. [Laughter]. >> No, >> I don't either. >> Hey, no life fees on the fourth card.

One, two, and three. Yes, but. >> making progress. >> Nope. >> 24.05%. interest rate. >> Yeah, >> dude. Guys, this is crazy. >> $239 of interest this year so far. What. worth thousands of dollars of interest. across everything. Huntington, this must. be the car. What is your vehicle? >> Uh, 2017 GMC Terrain. >> Great. >> Well, you owe 14,000.

400. >> Thought it was 18. >> That's what I owe left, >> right? >> The original was 18. >> No, I think so. No, no, no. When we. bought it was $24,000 you bought it for. >> Oh boy. Uh $14,463.98. is owed. And the minimum monthly payment. is 330. And that is chunky. Stacked that. with your other minimums, that 3,600. isn't looking so yummy. That is 10% of. your income already. Just gone to a. minimum monthly payment. >> And that ain't right. 332.

>> 330 is what's due, right? Oh, 400. It's. 400. >> Yeah, it's 400. >> Looks like aund 70 was paid at one point. and that's why little S was due. >> 400 is crazy for your income situation, dude. >> That's crazy. >> It's hard to find a car. Um, >> you can get about a $10,000 car. >> We've seen it in the show. What do you. guys think the car is worth right now? >> Uh, >> if you sold it private parties, so on. the high end, >> like 8 or 9,000. >> Eight. Yeah. 8,000.

You're underwater dramatically on this. thing. >> Yeah. >> 6,000 bucks. 6,500. >> And then we had eight late payments. >> since when? >> I think it was just this year. >> I find that hard to find. >> That's every month. That's every month. >> There's just no way. >> Show her. Show screen record it. Can you. start a screen record, please? I looked. at it and show her. >> Unless I have the wrong due date or. something. I don't know. >> I have the fourth. It says the fourth. >> The fourth.

>> Yeah. >> Why not just autopay? Autopay would take. care of this whole thing. You know how. many hundreds of dollars in fees and. we've had this year so far. >> His own finances cuz he won't put on. autopay. >> Since 2023. >> Okay. So, since we've had the car loan. >> Yeah. >> So, last couple years. That's crazy. Eight is crazy. >> Yeah. I just can't believe that. But I. guess I did. >> Well, it's a lot more believable over. the past couple years than just this. year alone. >> Yeah. What's the interest rate on this. car? >> Uh, six.

>> It would be there, right? >> Forget what it was. >> If it's six, I mean, it's not the. absolute worst. >> I know it's not crazy bad. >> And looping back to something you said. earlier, cuz I I forgot about this until. now. You say he's not he doesn't pay his. taxes. >> Um, he doesn't do his taxes. >> You do his taxes. >> Oh, he he pays his taxes. >> It's W2. This takes two seconds. >> Yeah, he actually usually gets money. back every year. >> Well, that's also not good either. You're giving too much. >> Yeah, >> you're withholding too much. >> Well, is that really such a bad thing? >> Yes, because you're giving them a loan.

at 0%. >> Right. That's true, too. >> You could be paying off a 30% credit. card or putting in a high yield at like. 4%. >> I never thought about it that way. >> I Yeah, but I always just figured it's. better to just give them extra and then. get nice nice little sum at the end of. the year. >> No, you would have that sum to begin. with. >> Well, I wouldn't spend it at least. >> That is America's forced savings. somehow. That is true, >> right? >> Oh, wow. Oh, she changed your insurance.

plan behind your back. >> No, no, I don't even. >> What happened? >> I hit a deer and my deductible was like. >> I don't want to. >> $500. And. she told me that she can get me a. cheaper deductible. And I said, "Okay, let's do it." And then she changed my. plan from 500 to 100. >> 250. >> 250 whatever. And so so they. investigated me for fraud and everything. went fine. So. >> no, they they it it was fine.

>> Yeah. >> They paid the claim and. >> but but they raised his rate. horrendously. So I had to change his. plan. >> Yeah. So we changed to a different. insurance company after that. >> Go. Okay. >> Yeah. That's that's mess there. >> So 6% rate on the car. Is that what. we're seeing? >> I'm thinking I couldn't find what it. was. I I don't think it's higher than. that. >> It's not over 10%. >> I remember it being fairly decent rate. when we bought the car. >> Yeah. 2023 I mean rates were on the.

rise. Yeah. Okay. >> Yeah. >> All right. Student loans. This was for. your trade school, right? >> Yeah. And uh Pittsburgh Institute of. Aeronautics. I would. >> No, this is just a trade. Uh I think. that one was paid off. I I'm not really. sure that. >> safe plan, but safe plan's done. Forbearance. This is probably done next. Oh. Oopie. Oopsies. This is done at the. time of filming this episode. >> Oh, is it now? >> Interesting. >> That is interesting.

None of you knew this. You were going to. >> I knew it was getting close. Yeah. Well, it's it's it's passed. It's not close. You know what happens when this goes. into default, right? >> Yeah. >> What? >> It goes into default. [Music]. >> Sends it to a collection agency. No, this is the federal government. They. contact your employer and they garnish. your wages. >> Yeah, >> we're seeing it across the board right. now. People are getting their wages. garnished. >> That'll be you. >> While also having this 100 credit as in.

>> Yeah, >> that's not I didn't even I really don't. even know what forbearance means. >> Forbearance is you don't have to worry. about it. The government's like just. pushing it. >> I didn't know that. I thought you could. just keep on doing that. That's. >> request of forbearance. Whether or not. they accept it, I don't know. you know, new administration, new rules, but. >> but you can't just keep doing it because. eventually you got to. >> well, you don't have a bad income. So, I. don't know what excuse they would. accept. I might they are relatively. lenient, but it still acruse interest,

you know, in that type of situation, especially unsubsidized loans. >> Now, your first payment is likely due. this month. It may have already missed, it may have not. You wouldn't be in. default for that. >> That's what like it's like three to four. months where you get into default, >> right? But you got to pay it. >> Well, I was hoping there was some kind. of student loan forgiveness coming. around the corner. >> Okay. That was literally four years ago. and the Supreme Court said no three. years ago. So, I I really holding on to. that one. >> That's just on the back of my mind. >> On the back of your mind, >> has the Trump administration suggested.

they wanted to forgive student loans? >> No. >> I don't know. I'm not really into. politics. >> That's not being into politics. That's. just being informed. >> very on your own thing. >> All that kind of stuff. >> Okay. $13,00029. No, $13,29.31. owed on the student loans because it's. been in you just haven't done anything. forever, >> right? Since co really? >> Yeah, it's accured. >> $1,300 of interest. >> Y. >> it looks like they'll start garnishing.

in April. of next year, but your regular minimum. payment amount is going to be. >> Will they garnish even though if I like. say I start paying on it, are they still. going to garnish? No. Okay. So, when it. goes to default, 133.73. is your minimum monthly. >> Yeah, >> that gets stacked on top of the 400, on. top of the 65, on top of the 88, on top. of the what was it? 46.88, on top of the. 74. It stacks. We're stacking. I don't. know what the interest rate is going to. be. It's likely it's 3.4, so it's not. horrible. I would do minimum payment.

until it's paid off. I wouldn't rush to. pay this off, but you got to at least. make your minimum required. >> Yeah. >> Is that it? Is that all the debt? Have. we accomplished that? I think we got. through it all. >> He owes you money though, right? >> No. >> 700 600. >> You forgave him. >> I forgive that. >> Okay, we'll counter forgiven. Well, Huntington, is this the one you have. access to or is this his special? >> I don't have access to any of his bank. accounts. >> I apologize for the future of purchases. we're about to go through. That's only.

>> Yeah, >> that's. >> Oh, what? >> Well, I don't know. I'm just guessing. based based on. >> that's what only is. >> Oh. >> yeah. >> Oh, >> I've never heard of it. >> That's your retirement plan. >> I'm sorry. I'm sorry. >> Oh gosh. >> You've probably seen it on statements. >> Oh, I think I have. >> It sounds so familiar for some reason. >> I was joking.

>> It doesn't sound like a site. >> only. Oh, you can make other content on. there as well. Just no one does. Uh. I was joking cuz I don't know what's in. this. Um. >> how did myself out there? Huh? Watch it. not even be in there. >> We'll see. >> Right. >> Okay. So, this is what happens when you. manage your finances, by the way. What. do you think happens when he manages. finances? What would you guess? >> No, I just think he just spends. frivolously.

>> Let's try six overdraft fees in this. last month. They're reimbursed. >> Forgiven. Yeah. >> Yes. But you did it six times, guy. >> Calculatedly. I knew I put money from my. uh savings account in there to stop the. overdraft fee. >> Ended with $116. Started with 66. That's. dangerous. How the we doing that? We're. doing some cash withdrawals. Where's all. this cash going? 470 100 140 91 42 110. 42. Where's that all going? >> Strip. >> Um probably haircuts. And.

>> dude, you got like a buzz cut. You're. not getting more than a haircut a month. So the rest of us going How much are we. spending on on a monthly basis? How do. you feel about this? >> I don't. >> probably like $200, $300. >> minimum. Minimum cuz or else there's. something else there that we're not. seeing cuz a haircut is not $470. >> No, >> but you withdrew. What is this adding up. to? About $700, would you say? $700 in. cash. That's a lot. >> I can't think of anything. Not.

strippers. >> No. >> No. He doesn't do that anymore. >> No, I just stay at home all day. Really? >> He really doesn't go anywhere. >> It's expensive. Gooning. It's a smoking. gooning. >> Per per chatworth. >> I mean, maybe going out to eat. >> What is per per Chadzsworth? >> I have no idea. >> Buddy, you spent $35.20 on per per. Chadzsworth. >> Per per Chadzsworth. Sound familiar? Never heard of that. >> Well, it was on your own personal. You. can't deflect this one cuz you're the.

only one that has this. >> I just have no idea what that would be. >> Sometimes statements, they're not what. they are. Or they are, but they're. they're named differently than what you. buy. You know what I mean? >> It's a bong. >> It's a what? >> Bong. >> Bong. >> A bong. >> A device to smoke from. >> a pipe. >> It might not be a bong. It might be a. >> I'm trying to think of what I've bought. >> That's what their website is, though. It's devices to smoke. >> Oh, okay. There's the delay.

Um, yeah, there was like filter tips, but I ended up returning them, I think. No, I didn't. But no, I remember what. they are now. >> Oh my gosh. TLC, get in here. >> Oh boy. >> Okay. Uh, vending machine, it looks. like. Have a house. Havana house. Havana. house. Dairy Queen. Going in getting. some Going in. Getting some. Going in getting some. What is this. going in? You're stopping in and getting. like $4.35 of something. A lot of gas. stations. >> Yeah, >> just snacks. >> Why don't you go to Costco or Sam's Club.

or even Walmart in bulk? Well, a bag of. chips is not a small bag of chips is not. worth $325. $4. >> On my way to work, on my way back from. work. >> You know what else is on your way to. work? The pantry in your house. >> That's pretty empty. >> Yeah. Yeah. >> Fill it is what I'm saying. It's more. cost effective. >> Exactly. He eats out all the time. >> Oh, I'm being told muffins at the gas. station. I got some muffins at the gas. station. >> Muffins or are we talking like the bag. of muffins? >> It was a jumbo muffins. So, it's just.

one big muffin. >> Like a big muffin. >> I Yes. Um, okay. Venmu and. East Point place 250 bucks. >> No, no, no, no, no. That was a Sorry. Sorry. I was going to say that's going. in and getting some muffins. Muffins. Muffins. Muffins. Muffins. Muffins. There's a lot of muffins, guy. >> A little muffin top. >> I see it. Muffins. Muffins. Muffins.

Fiery AI. >> Amazon. Amazon. You said you don't do. Amazon. >> sometimes. >> Muffins. Probably dog food and stuff. >> Steam purchase. Muffin. Muffin. Muffin. Duncan. >> It's our empty pantry. We're just going. out. Dunkin Donuts. Cash app. Muffin. Adam May. Adam May Inc. What's that? >> It sounds familiar. I just can't think. of what it is. >> Oh, it's going in for muffins. It's a. convenience store. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. McDonald's. Muffin. Muffin. Muffin.

Muffin. Cash app. East Point. Muffin. Muffin. Dairy Queen. G2A. >> It's a gaming website. You buy games. >> Dairy Queen. Probably muffins. I tell you're getting. groceries at the dollar store. Oh, this. is crazy. Muffin. Video game. Video. game. Muffin. Poland. Balleria. That's a pizza shop. Oh, >> muffin. Muffin. Cash app muffin. Muffin. Fortnite.

Muffin. Muffin. Muffin. Dairy Queen. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. This is crazy, dude. This is insane. This is insane. Fireworks. Muffin. Muffin. I did a. raffle at a fire that fireworks playing. and I put in $100 of raffle tickets and. won $1,500 in fireworks. So. >> great.

>> Great. What if you didn't win? >> But I did. >> Muffin. Fortnite. Muffin. McDonald's. Popeyes. Amazon. Dairy Queen. Muffin. Laundry room. Laundry room. I'm okay. with laundry room. That's fine. Dairy. Queen Muffin. >> Where's that at? Clean and quick. laundry. >> You're doing that? Yeah. >> Muffin. Muffin. Muffin. Muffin. Muffin. White pages. >> Yeah. >> Why? >> I did that a long time ago and just.

never cancelled the thing. >> Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. McDonald's. Muffin. Muffin. Muffin. Muffin. Muffin. This is. crazy. How close is he to this gas. station? >> The work cafeteria. >> So, oh, >> few steps away. 365 Market. >> Yeah, >> that's your work. >> Yeah. >> McDonald's, Telegram, Fortnite, muffin, pizza, muffin, muffin, furry resort. Are you a freak? >> That's. >> No, that's that's uh the.

>> his dog boarding grooming place. >> Overdraft. Overdraft. Overdraft. Overdraft. Overdrive. Overdrive. Zel. Zel. 500. 100. Crazy. All right. Uh yeah. Total overdraft fees. this year so far. 465. >> None of that got paid out though. >> Uh, no. 465 have been charged. Refunded. 360. >> Yes. Come on, dude. 3,000 in this. checking account. Is this the one she.

has? >> Savings account. Uh, >> discover. >> I don't really know anything about that. account. >> Okay. Yeah. I mean, yeah, you got like. 4,000 bucks here. 4,397. I mean, that's good. one good. >> Why are we not paying off debt? I'm a. little confused. >> Cuz I didn't know which one I should. pay. >> Wait, where's the checking account that. you guys both have? >> We don't have one. >> We don't have one together. >> So, he just gives to Gotcha. >> Yeah, he just direct deposits money into. my account. >> and 465 in retirement. Okay. >> Yeah. >> Oh, boy.

>> Let's see if we can get a budget going. And this is going to be 100% from you. with mommy no longer involved. Dion, do. we do we agree on this? Are we at least. aligned on this? >> Yes, I agree for for sure. >> Okay. Thank you. Good income on average, sometimes higher, sometimes lower, $3,600. Debt minimum monthly of $807.61. What will his rent be once he takes care. of it and not him? >> 500. >> Okay. What about utilities? Is that.

included in everything? >> No. >> Okay. Utilities, internet, gas, electric, all that good stuff. How much. is that going to be? >> Maybe. 250, 300. Maybe 300. That includes. >> I would have no idea. >> That includes his gas, electric, his. phone, internet. >> Oh, phone. That includes phone. >> Yeah. >> Okay. We'll cross the phone. Okay. Gas. room drive. Drive. Car gas. How much. >> um. >> a month? >> I'd say like 120. Car insurance.

That's new. So. >> I know. I forget. >> It's like two months old. >> 60 maybe a month. That cheap? >> Yeah. >> Oh, okay. 60. >> I'm pretty damn sure. >> you can do three. >> It could be 80, but it's it's. >> I'll do 80 to be safe. Yeah, >> we'll do $300 for groceries. Yes, you. can do it. You have to meal prep. You're. cooking a few times a week and you're. you're warming up things and you're. doing overnight oats and like that. Okay. You can do 300. You can do 250, but we'll do 300. We We test it and.

prove it every single quarter. The. moment you need more, we will allow. more. You can do 300. >> Okay. >> Use everything we do in the budgeting. class. Go through the budgeting class. Okay. Yeah. >> TP fund. This is anything else you need. This is toothpaste. This is whatever. This is a wife goon. $100. Okay. >> Okay. >> Medical healthcare. Are there co-pays or. anything you need to do on a monthly. basis? >> I think it's $20 co-pay. >> Is that a month? On a month? >> No, he doesn't. >> If you go in, he doesn't go to the. doctor. >> Is there a gym? >> No. >> No. >> I should probably start one though.

>> I'll put in 30 bucks. You have a pet? >> A dog. >> Age and health? >> Two. You two and a half years old. Um, good health. >> $50 for pet insurance. Get good pet. insurance. Good pet insurance is off. It's a scam out there. Pet. insurance. No, I don't. I never did it. >> Oh, >> you're $50. How much for dog food? >> Uh, probably $80 a month. >> Anything else that needs to be in your. budget that I have not put in? I will. put in $50 for subscription in gaming. >> Okay.

>> I don't I can't think of anything else. >> Actually, I'll put in I'll Let's see if. we can put in 100. I'll try 100. Anything else that needs to be in there? >> I don't think so. >> Nope. >> And I'm sorry, I don't have a fund. >> Yeah, I learned my lesson from that. I. haven't even been to a strip club since. >> Got yourself tested afterwards. >> Oh, yeah. >> Well, scary. >> Yeah. >> Oh, yeah. I didn't realize she. >> Okay, listen. You got $1,132.39.

left over after your minimum. So, let's. allocate that other $132.39. the fund. Let's say you have $1,000 left. over to throw towards that on a monthly. basis. Okay. Which gives you $232.39. of fund money on a monthly basis. >> Seems like a lot. Feel like I could cut. that down a little bit to pay off debt. faster. >> if you choose to. Yes. But I'm I'm not. requiring you to. >> Listen, I think the car if it is at the. rate you suggest, I would do minimum. payment until it's paid off. Same with. your student loans,

>> right? So, minusing the car from the. credit card debt, we have $13,369.40. of credit card debt. We know the math. At $1,000 a month, that is just. literally 13 months. That is not bad at. all. >> Mhm. >> 13 months. You do that, then we save up. a fully funded emergency fund, which at. this point it looks like with your. minimum payments and everything. required, it's going to be about. $12,000. I'm gonna. No, $10,500. called 11. So you save that up.

over the course of the next uh because. your minimum monthly payments will be. substantially lower by $87. No, by lower. you have the car payment and stuff, but. about $400, $300. You'll save up that. fully funed emergency fund in about 9. months. So in a year and 10 months, you. have no bad debt. The car is not great, but I think you can minimum payment. until it's paid off because we need to. catch up in a retirement. >> Yeah. >> At that 6% rate, >> that's the car to talk about. >> Yeah. So 10 I'd say a year and 10 months. you're debt free have a fully funed. emergency fund and then I want you to.

live 50 25 that is 50% of your income on. needs which I think you can do less if. you maintain this but if you go and live. in a different apartment 50% on needs. you can totally do that cuz your. lifestyle will be a little lower without. the debt minimum payments as much. >> 25% on fund 25% to retirement that will. give you the time in the market in the. percentage necessary to have a very. dignified and happy retirement. >> Now, do I do that in my like.

the 401k? I just put in 25%. >> I would take your match up to your. match. Then I would max out your a Roth. IRA and then anything after the Roth IRA. that contributes to that 25% if you have. anything left over after you've maxed. out your IRA, contribute more into your. 401k. And make sure if you have the. option, which about 50% of employers do. offer this, you take a Roth version of. your 401k. >> so that by the time you're 59 and a. half, if you want to retire then and. you're taking out penalty-free, the. money's already been taxed so you're not. getting taxed on the growth of the.

compound. Okay. >> Okay. >> That'll be the goal. Take the investing. class as well. That'll walk you through. all that. Take the debt class, >> take the budgeting class, especially. because that's what matters right now. Investing, as we go through the. follow-ups with you, we'll get more deep. into that. Okay. >> Okay, >> guys. I already have notes of some of. the craziesting ever in my life that. we're going to talk about in the post. show. So, if any episode you've ever. needed to join Hammer Elite, where you. get three premium shows posted every. single day, Monday through Friday, this. is the one. Click the join button now or. the link in the description. There's a.

little bit of a search charge on the. join button due to the iOS tax tax, the. Apple tax, but hammer financial score. Spending a budget, you overspend 0 out. of 10. Debt, no collections, what it's. worth, behind on a lot of payments, so. one out of 10. Well, lots of late fees. Emergency fund savings 6,000. Oh, there's 6,000 in there, right? >> There's probably about 4,500. >> 45. Okay. Take out 2,500. Throw it. towards your debt. That speeds along. That in fact, we'll pay off the quick. silver card and get rid of that minimum. payment of $65 that rolls into the next.

So, there you go. You're probably a year. and a half fully funded emergency fund. and paying off all bad debt. There you. go. Take it down to two. Two. Okay. >> Yep. >> Good. So, emergency fund right now, uh, four out of 10. Retirement one out of. 10. At least you started, I guess. Zero. out of 10 for real estate. No, I can't. even count that as retirement. Sorry. Zero out of 10. Ah, no. One out of 10. >> I could sell it and get some money out. of it. >> Technically, Hammer Financial Score. rounded up. Barely got over the.

threshold for the roundup. 1.5 out of. 10. Guys, join Hammer Elite. This post. show is about to be insane. I'll see you. there. This is crazy. She convinced you. to take out $2,000 from your retirement, but not just take from retirement. because you had IRS debt. >> I never pulled it out. >> Well, it was. >> What the was going on? That is crazy. >> Shel's friend stole Drew's identity. >> This is absolutely crazy. Exclusive.

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