Sorry Fellas, You Can't Fix Her | Financial Audit

I am already struggling to trust you. which I do not like within 10 minutes of. a conversation I don't think you know. what that word means I'm optimistic that. things are going to get better while. being blindly optimistic leads to you. getting it's going to be their. responsibility to take care of their mom. because the mom wasn't responsible. enough to think hey maybe I should be an. adult for a second this is so funny I. can't wait to get into the next credit. card all of our education is bundled. together for 15% off with a 30-day money. back guarantee go to Caleb hammer.com. bundle or click the link in the. description or pin comment below.

hi my name is Alex I'm 33 from. Georgetown Texas and this is financial. audit what do you do in Georgetown for a. living um I am in the military okay yeah. you had to process that one for a second. yeah okay cool what are you do in the. military um just. stuff I don't I mean okay yeah just I'm. active duty military gotcha what what do. you make uh you know I don't know I.

think I make like six 7,000 a. month we seem to be on a rough start so. far I'll be honest lots of. unknowns. already every answer begins with a uh. think about it and then no real answer. you don't know how much you make so I. the way that I have my payments split up. they're split up into a couple different. accounts so I know like this account. gets 1,500 once a month this one gets.

kind of the rest of the leftover and. then this account only get $200 why cuz. you don't know how much is coming in. because of that so why so I have this. one for the 1500 that is it pays like my. mortgage and some of the other bills and. then the 200 that pays for um some kids. stuff and then I just I keep that. account open how I transfer money with. my kids dad and me why are you. complicating this so much why aren't you. why doesn't your money just go where. your money needs to go it go where it.

needs to go and then my other yeah but. through a complicated system where you. don't know how much you come in and you. can't answer my literal second question. oh yeah uhhuh so obviously it's over. complicated if we don't know our income. I do mostly that's not how that works. what do you mean can you answer any. question I do mostly like I can't answer. that if my doctor asks how much I weigh. and I'm. like I know how much I weigh mostly like. what that's not going to be acceptable.

well I mean like I if I want to check it. up I can check up on it I mean you need. to check up on it before coming on. financial audits I I mean I did but I. then how much do you make I I can't tell. you an exact number but I can just. whenever I'm like looking at we great on. yeah I just I go online I look at the. pay charts it's all available online. what's the last time you saw it online. uh last week because I was looking what. the did it say last. week I lady.

and you have kids yeah doing okay do you. even but you wouldn't know if you're. doing okay you don't know your money my. bills I'm not surprised I have one of. the highest balanced credit cards I've. ever seen in my life then because of. this okay right yeah there's a lot if. you you probably don't even know the. balance I do know the balance I took it. this morning oh you checked that but not. your actual money only the debts of. course yeah uh so I have hitting from.

payroll. 6,420 a. month. 6,420 in the most recent month okay does. that sound about right sounds about. right okay now say six or. seven yeah but you didn't know that's. the point so how do you budget if you. don't know I don't budget okay that's. what I'm getting. at so again are we surprised that we. have the largest credit card balance I.

think I've seen on the show. no okay sorry I'm not trying to be. hostiles it's like you know when you're. pulling teeth just to get a damn answer. at the beginning of now four. 6,420 right so how are we feel living on. that as a net income in Georgetown how. we doing perfectly fine actually which. is why we have the largest credit card. balance I've seen in the history of the. show it makes sense when we get into it. make it make sense make it make sense oh.

I bought a house and I moved I mean I. moved here less than a year ago and a. bunch We Buy Houses when we can't afford. to buy a house I bought a house but you. said because of buying a house is the. reason why we would be in that much. credit card that meaning we couldn't. afford to buy the house they movers lost. my stuff when I got here my stuff my. stuff was in storage for two years. because I was overseas okay so you. needed a bed pots pans plates forks and. a few light bulbs that's what we need to. survive then enough for the kids.

and some clothes well don't want you. going out with without socks I need need. a couch okay didn't need but I get what. you're saying I get what you're saying I. do understand but the thing is if we. have to rack up that much debt and. spending in that situation for certain. things that are the Comforts the luxury. Comforts things that I want you to have. yeah probably can't afford it at that. time now they lost it did you have any. kind of insurance were you able to claim. anything anywhere at all do anything. okay go on so um the original couch that.

I bought I think I bought it probably. about like four or five years ago got to. use it for like a year before I went. overseas for the first time okay what. where' didd you go um I went to the. Middle East and was deployed and then. very specific okay yep and then I came. to um it's my favorite country I know. right um and then when I got back. everything was fine I had all my stuff. nothing was broken but then I was only. in the states for about 5 months and. then I went to Korea for 2 years and. while I was in north or south can't go. to North so oh we got a specific one.

there all right South Korea I mean we. figured it out you talk to any other. person in military say Korea they're. like obviously South Korea well no [ __ ]. I was just making a joke that you gave. us an actual answer well I mean for the. Middle East you don't want to divulge. too many details I was at actually in. like four different countries so just. it's okay it's okay go on continue. anyways so when I got back here and I. came to Texas um I had a bunch of broken. Furniture my couch was completely. missing and when I bought it it was I. spent $1,800 on it a couple years ago.

and then due to inflation like I didn't. even get to. inflation you talking about what was due. I bought the couch back in like 2019 the. first one and it was like cheaper then. and then when I went to go try and get a. new one it was not the same price like. necessarily due to inflation. specifically prices will always go up. unless we're in deflationary spiral and. at that point we're done so it's always. going to go up even if the fed's best. hope at 2% a year so like okay okay. sorry that's not a rant we need go into.

but go ahead I don't think 9% made or. break your life but go for so yeah. anyways um when I uh did my claim the. claim took like seven or eight months I. actually just got paid for it like a. month or two ago did you pay for them on. a credit card do you know pay for what. the movers I don't pay for the movers oh. who paid for the movers oh oh oh yes yes. the military pays for the movers okay so. I try to make the claim through the. moving company they offered me like $600. I was like this is silly absolutely not. and so I had to go through a different. military claims office and then I.

finally get the money and I got $900 and. there no that does suck mhm how so did. you lose. everything the couch I lost the couch. the table was broken I actually just got. okay tell me what you actually lost then. the couch and the table couch table um. couple of like dressers were broken for. like the kids so couple dressers mhm or. like bent metal dressers and they got. all messed up what else did we. lose um I think those are the major.

things okay. then this is where I would end up cuz. you told me you lost everything I didn't. say I lost everything they what did she. say made it sound like damn everything. did it not I said they lost my stuff oh. my stuff my stuff if I said my Mo my. movers lost my stuff I would think they. lost all my stuff I'm pretty sure I said. couch in the beginning but I could be WR. listen at that point that does not equal. going into the highest credit card.

balance I've ever seen in the history of. the show a couch a couple dressers and a. table we can go to Facebook Marketplace. get a couch a couple dressers and a. table to survive sure uh-huh exactly but. when you live like 2 and a half years. without a couch and your only place to. sit is a bed of course I'm going to get. a couch immediately cool from Facebook. Market from Ikea from Amazon what are. you talking about we can get a $500. couch what are you doing what are you. talking about okay what kind of life no. okay okay you're you're right I I don't.

think you agree oh you do agree I don't. want to get a couch how much was your. couch it was $2,000 at the door this. doesn't equal $26,000 on a credit card. you you are saying the way you were. phrasing this and this is why I am. already struggling to trust you which I. do not like within 10 minutes of a. conversation is you were setting that. whole experience of I lost my stuff we. found out it's only a few things but I. lost that stuff as the reason why I'm in. $26,000 of debt on a singular card sure. a $2,000 our couch a couple dressers and.

a table equals $26,000 maybe if you're. going bougie but you were not as we've. just learn for the price of the couch. yeah a response no I mean thought uh. what I mean couch obviously isn't the. only reason why the credit card balance. is that high then why were you setting. it up to say the reason why is because. of that's kind of where it started. honestly it was like that wait when did. you move you said you only been here for. a year yeah so you've built this up in.

less than a year no that's not true you. just said this was the start this was. the this was so okay everything you're. saying is wrong every time you set. something up it is found out to be. incorrect okay there's so much more that. goes on with it like then tell you're. literally on a podcast I'm sorry I'm not. trying to be mean but you're just saying. incorrect things you're leading me down. the incorrect path constantly so please. all right so um I in.

2022 yeah in 2022 I sold my first house. um and the great year to sell it exactly. the market went up I made a pretty good. profit love it and this is this is where. things kind of they were really good for. a while and then they got bad so I sold. the house I profited. $38,000 I paid off all of my debt all of. it I had zero debt besides the car kind. of don't like that specifically so it's. kind of a short cut instead of actually.

changing your behavior that got you. there in the first place cuz then you're. going to get right back and exactly no. yeah so I since I had all my debts paid. off I had some friends who already told. me like oh get an American Express card. they're free for military members you. can get all these points get free. flights free hotels cool and I'm like. it's free because there's no you still. have the interest rate unfortunately but. you don't have to pay the yearly like. $750 membership fee so that's that's the. free part but a 30% interest ratees okay. no no absolutely not no I hate the.

interest rate and like now that it's so. high and every time I look at it I'm. like that's a lot of interest that I'm. paying and this I feel dumb right now um. budget so I still had the money I still. had money in my account and then I flew. my kids and my mom to Korea for the. entire summer in 2022 and that was. extremely expensive I think flights. alone were like eight grand and then I. not usually something that just someone. in the military can just randomly afford. especially since that's more than a. month of your inome yeah no absolutely.

not it was really expensive for sure it. was really dumb it well yes but at that. time you spend total on that trip H. probably like all in all by the end of. it because it was about like I want to. say six to seven weeks it's about 15. grand o it was yeah we're talking like. mhm okay yeah it was honestly it was so. two and a half months of your net income. it was well honestly and back then I. wasn't even getting housing allowance. because when you're living in cre you. don't get housing allowance at all so.

and I was a lower Rank and I had less. years in service well where is the story. going I ran out of savings and I kept. using it cuz cuz I was using like my. income and like whatever I couldn't pay. with my income I would pull it out of. the savings. account this is why we budget yeah plus. like I If you were draining from your. savings you were obviously spending too. much and you didn't recognize that I. mean I did you have a kid at that point. I how old is oh your kids how much How.

old uh well right now they're 10 and 12. oh okay. mhm so they've been around for a second. so somehow you draining your savings. while that was happening while the. children existed on this planet uhhuh. for. sure those are choices okay those are. certainly choices I'd like to not be in. this much debt I really am I I want to. get how much did you spend last month. figured out uh I know you don't have an. answer but go ahead how much did you.

spend last month let's try let's try a. little best guess best guess probably. like eight grand okay well I don't even. know how to like take that so again. 6,200 6,420 came in you spent 6,643. still more than came in which obviously. it's not helping our overall debt. balances go down but why do you think. you spent 8 Grand and why would you be. okay was spending eight grand so for. last month like I I was trying to you. know obviously do okay but um what does.

that mean well with like spending like. I've really have been you trying to do. okay but you thought you spent $2,000. more than you brought in what are you. talking about I don't I mean I was just. guessing I was guessing high and I. guessed too high and that's good yeah. but you said you were trying so if you. thought you were trying you would think. you spent about what you made so if. after trying you thought you spent 2,000. more than you brought in then what are. we talking about I mean obviously I know. I spend more than what I make because my. credit card is. $26,000 the TR then. trying to like you know really commit to.

making large payments and making sure. that like my bills get paid obviously. and everything else and then whatever is. left over is paying for like the. essentials you know gas and groceries. and okay I get I get it you're okay I. get no more like I mean I don't even. really go out to eat that much but it's. like I was cutting back even more like I. was. trying your biggest expenses weren't. going out deep they weren't but there. was a lot of unknown shopping cuz. there's a lot lot of just categories in.

here that are like uh oh but again you. did spend more than you brought in but. actionable again if you're trying why. wouldn't we do the most simple thing. which is literally make a. budget I. haven't are you a small business owner. stressed about cash flow well keep. listening because this could change your. business there's nothing worse than. staring at your accounts wondering if. you have enough to cover payroll or rent. this next month especially during Q4.

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when you sign up at relay fi.com. calbc flow Us in the link in the. description they have a special $100. bonus just for you and let's be honest. your business deserves that kind of glow. up join relay to take control of your. cash flow today sign up in less than 10. minutes using the link below that's an. answer to why is I haven't I haven't yet. it's been like it's been on the to. that's answer to why no how about the. you answer why not did you why can you. give me a.

why I I don't know I don't I mean I. thought I could figure it out and like. use like a mental budget you know figure. like okay this money is going to go. how's that working you thought you spent. more you didn't know how much came in. it's obviously you sp. more uh-huh uhhuh yeah so don't we. change things when they they're not. working you're absolutely correct uhhuh. I am but I'm trying no no I don't think. you know what that word means I'm. optimistic. that's not trying I'm optimistic that.

things are going to get better well. being blindly optimistic leads to you. getting. [ __ ] no I don't think so so it's where. you are right now uh hey how much is in. your uh tsp I just checked yesterday. it's at 19 okay so I'm not taking that. out absolutely not huh I'm not going to. take that out cuz you can like you can. take it out early and I'm like. absolutely not no staying in there was I. suggesting you take it out a lot of.

people do and a lot of people do take. out of it like it's a yeah people are. stupid mhm I agree yeah you have about. 20% of what you should have at your age. in retirement so you're dramatically. behind right but I mean like there so. you're trying your optimism is leading. to nothing your optimism is leading to. you having more on a credit card than in. your retirement on One credit card. that's true uh yeah it's math number two.

you are dramatically behind in. retirement and you have two kids that. are going to feel morally obligated to. take care of a mama when she cannot. afford to pay bills in the future the. tsp is going to go way plenty more money. before I retire and Via how cuz so so. far you've done mid uh well it's just. how it works like I shifted things. around it's in the correct fund now like. it's making I just shifted the funds the. fund into what I it's like the C fund. into the G fund or back or G fund into C.

I don't know I don't know how it works. so you don't even know you can't even. describe no I can't but we're so. confident about something we can't. describe I mean do you know more about. the different fundings for tsp in terms. of the CG I could look it up and what. it's kind of comparable to in the. overall Market yeah and I absolutely did. that when I was switching everything. around cuz then what was it comparable. to can you explain it to me I want say. it went from like one or 2% uh so we're. talking like bonds or something. 20 well not like a guaranteed 20 maybe. it performed 20 % within a certain. period of time yes yeah yeah year to dat.

it was like 26% but even still this. $20,000 isn't going to grow to any uh. enough for you to retire again this is. oh are we taking too much of your time. oh you know it's just my son school what. do you think your finances are score 0. to. 10 0 to 10 zero being the absolute worst. 10 being the absolute best where do you. think you are. today I would probably say like you said. one is the word wor zero zero is the.

worst I would probably say I'm at like a. two mhm you want your H Financial score. it's free Link in the description below. it's not only for military people you. can do too you can find out where you. are and also uh civilians military alike. come on join us in Austin Texas right. here come on the show it's fun I'll give. you some verbal little slaps but we're. going to create you a good plan and. we're going to set you up with resources. and it'll be good go to uh Caleb. hammer.com apply and come be on the show. all right um I mean your Amazon must be. a huge part cuz of the unknown shopping. we don't really know what's on Amazon. but you spend $1,262 in one month on.

Amazon yeah that we could start paying. substantial debt down with. $1,262 so we're going to start with the. big card yeah yeah yeah okay all right. is this a double dual income household. no that's the thing it's just me okay so. okay so and it's also my own fault that. I racked up the credit card that high. the other one this is a platinum card. yep so again you really didn't not tell. me how you got to 26,000 I would love to.

know just from your own opinion how you. got to 26,000 yeah flights you know kids. want stuff gymnastics like you know Six. Flags and that's more important than. your financial security their Financial. Security you have't any chance to. retirees are absolutely like really. important because I also I didn't say. they weren't but I'm asking more. I'm only 33 right now I'm thinking to.

myself I will debt 150% be debt free by. the time I'm 40 not on the path you are. that doesn't make sense what you well. obviously I'm going to make some big. changes it literally takes 30 years to. pay this off minimum monthly payments so. I don't know do minimum monthly payments. inste you spend. $2,286 on and I paid 3,000 to it last. month every month I pay 3,000 I pay a. lot the 3,000 doesn't oh my God the. 3,000 doesn't matter if you're putting.

2,280 on it and then. $629 of interest is. acre can jerk yourself off over $3,000. congratulations but if you're putting. most of it back on in interest is AC. crewing it doesn't fing matter do you. not get. that I understand then why are you so. proud of this 3,000 cuz you know by the. way that 3,000 isn't actually 3,000. because of the money you're spending on. here would have been spent in your. checking account meaning you wouldn't. have had that money extra available to. put on here you would have only put.

about $500 on here which is well the. minimum basic required is. $948 so it's not like we're really doing. anything crazy. anyway. yep so okay I can't congratulate that. what are you doing spending. $2,286 whenn $629 of interest is a queen. that's a queen on a monthly basis why. are you spending that much money that's. insane right so I was being really done. and this is how I was budgeting that.

every single all all the money that I. made after I paid all my bills out of. like my checking account I would put all. that money towards the card and then I. would but you don't know how much is. anything because you couldn't describe. your numbers to me at the beginning I. look to see how much is left in the. account and then I after. what after what my checking no I look at. my checking after like my mortgage came. out my light bill came out I know that. my car payment comes out in mid-mon pay.

and that's all that comes out of your. checking all there is no spending. correct there's no spending coming out. of my checking now I am trying to fix. that and not do it so much but like. today I again you do not know the word. trying you would just do it okay yeah no. do you disagree no I don't disagree it's. no you're right I have I I I like my. you're not going to get out of it by. saying I am trying cuz you are not it's. in front of us and that's also just. going to baby you and not going to get. you to anywhere beneficial in the end.

yeah I'm just like oh yeah you are. sweetie you're trying no you're. not okay I'm not trying I'm doing a. terrible job and I'm spending way too. much I'm swiping that card way too much. I mean the card is physically falling. apart really how long of you you and you. I got it in. 2022 so like two and a half years now. uhhuh this is an insane balance for a. singular card and to be purchasing on. here if it was if you were putting. $3,000 to here a month and you weren't.

purchasing dude we would be giving high. fives it'd be a different situation that. was the intention your net that went to. this card was less than your minimum. monthy payment alone yeah I see that now. you're not how did you not see it then I. obviously wasn't paying any attention. not even paying attention have you. looked at your account on here say you. look at your ticket account you say you. look at your credit card account I do. look at my credit card account so you. would have known yeah yeah well it. doesn't tell you how much you spent this. month yes it where yes it does where. right [ __ ] here are you serious I.

don't look at the statement why don't. you pull up your little account for me. your little special account go ahead no. what you want me to pull it up that was. what I asked it doesn't tell you how. much you spent in one month it only let. me see I me have a little peek a little. little. peek but even just seeing mentally those. transactions popping up if I'm seeing. many $10 transactions popping up I can. guess I'm spending a few hundred bucks I. mean trust me I feel like absolutely. garbage about it okay.

yeah your individual purpose purchases. here here we go literally one button at. the top and you can see exactly how much. you spent right here are you kidding me. right there you're at the top of theing. phone and you can see all your purchases. here yeah so we just did mini Christmas. so.

okay it's a little early well this would. I don't I have neither of my kids for. they're spending Christmas with their. dad and I just had both of them here for. Thanksgiving so we did Thanksgiving and. many Christmas Merry Christmas kids I'm. going to uh be able to retire so that. you're not putting your life on hold to. take care of me when I'm older how about. that well they're not even thinking. about me being gram haay they're still. it's it's called you are the responsible. adult you are the one that needs to.

think for them I'm taking good care of. them not not financially no you're not. get them having things is not considered. taking good care I know in our. consumerism culture it might feel that. way but if you are not set up for. retirement you are fing them they did. not have a choice to come to this world. but they are going to feel morally. obligated if you cannot afford to put a. roof over your head and know youring. vesting account's not going to balloon. to the way you think it is by the. but what no I was just laughing at your.

reaction and then your credit card is. not just going to be magically debt free. by the time you're uh what did you say. like 10 years from now 40 okay that's. not how that works it's a 30-year thing. with the path you're going so well I. okay well the literal path you're going. is 30 years correct so what the you. talking about it's going to be their. responsibility to take care of their mom. because the mom wasn't responsible. enough to think hey maybe I should be an. adult for a second this is so funny I. can't wait to get into the next credit. card this is funny yeah no no no this.

isn't funny but it's just like it's. interesting that you're saying that like. I'm screwing my kids over but the next. credit card I don't even use it but it's. in my name and it is racked up then. close it if it's in your name it's so I. you close a credit with money call close. it which oh mhm okay there you go solved. it solved it easy fix you haven't ever. Googled anything so like I froze the. card once cuz my mom uses it I froze the.

card your mom uses it you can't call. your mom and say please do not use this. card I literally have and then she like. she'll call me and she'll be like crying. like she needs to use the card cuz she's. got to like put her car in the shop see. you want your kids to becking that you. want your kids to be in your position. and you're calling them I cannot afford. to live what does your mom actually do. you. know you're not even giving her money. you're giving her access to credit even. and this is debt for you the thing is. your mom do how much do you know about. her finances I know nothing about her.

finances then you shouldn't be giving. her money now the reason why I gave her. the card remember we all came to Korea. my mom picked up my kids and like flew. with them to Korea I was like Mom here's. the card for airport travel if like. anything happens if you need to like get. like you know your flight get delay you. need a hotel whatever you're the one. that restarts the card and allows her to. spend on it yeah so I don't care when. she got it this is huge for financial. audit for a year now my team and I have. worked with experts to create what I.

truly believe are the three best. educational programs in the financial. space online we have our budgeting. program where I teach you how to create. manage and revolutionize your budget and. control your money and then there's the. investing program where I teach you to. Define what investing profile applies to. you and your life and then teach what. specific investing strategies applies to. you in that situation and now finally we. have our debt program where I teach you. the best ways to pay off debt manage. debt and even take advantage of good.

debt this has been a revolutionary. project that we've been working on for. over a year now and just like over. 10,000 people who've already taken our. educational programs you can now take. advantage of all three of them bundled. together at a 15% discount I've heard. from thousands of people now who've. taken these classes and they've. literally changed their lives for the. better and finally you can too at a more. affordable price head to Caleb hammer. or click the link in the description.

below you will not regret this she asked. me if she could use it for like this or. that I know why would you allow to give. her money if you do not understand her. financial position I she said she's good. sh that's not are you kidding me listen. I am not opposed to giving money to. people in need especially family. especially friends or whatever I'm not. opposed to that but understand the. financial situation you could be. enabling them she could be blowing money. on things you don't even know she could. be doing bad behavior that you don't. even know I'm not talking about drugs or.

anything that's not what I'm talking. about I'm talking about just Financial. Mis management and then you're enabling. those by just providing more money you. don't help people by being just fing. nice and allowing them to just bull. their life sometimes a hard truth is. required yeah I mean I am too nice. sometimes I think that doesn't actually. help someone in the end well you're yeah. my sorry you're allowing her to continue. doing what she's doing and we all know. people like that in life my my I asked. her like a month ago like if she could.

like cuz also she had a really bad. credit score I'm like this will help. your credit score we also need it she's. an authorized user yes oh so if you. close it it will also hurt her okay but. you said it was in your name I didn't. know she she's an authorized card holder. yes exactly well I don't know the. difference so yeah and but I asked you. can't use credit cards you should not. have access to you're not a credit. person right I thought I asked her to. open her own card and do like a card. balance cuz her credit score has like.

improved a lot she can use theing Fizz. card I guess so she gear towards young. people but it only allows you to spend. the kind of money that's in your. checking account it's like a debit card. but it builds credit oh for [ __ ] sake I. don't know that's probably too old for. that I just don't don't don't do things. like that don't do things like that. unless you understand their financial. situation or else you could be just. enabling them there's nothing wrong with. giving but if they are Contin in their. financial mismanagement and financial.

misbehavior you're literally just. helping them do that forever yeah and. she's never able to [ __ ] stand on her. look at her how old is she. uh late 50s or there you go late 50s. early 60s doesn't know the age of her. parent okay uh so at that point if she's. not able to stand on her own financially. not just a hard time it sounds like for. more than a year now she has been able. been able enabled all throughout life or. something because the fact that she.

can't stand on her own two feet for a. long period of Time moments of hardship. completely different completely. different but it sounds like this has. been going on for a second yeah cuz I. was like I was watching it at first you. know like trying to keep an eye on it. and most of it most of the charges are. large like flight charges like from Mom. yeah so they're like it'll be like $700. $700 is she going so she goes on like. like these work trip situations and. reimbursed they send her reimbursements.

and then she'll send some of the. reimbursements she never pays off the. full amount then but you you've allowed. her to be okay the thing is um you need. a call you need to close this thing she. can do that if she uses her. reimbursement and pays it off but if. she's not then she's just like pocketing. the difference she can't she's not going. to be able to pay off that card it's. that's $7,000 I'm not talking about. paying it off I'm saying if she spends. work money on it and she gets reimbursed. the reimbursement needs to go to it and. if it doesn't she's obviously just. pocketing the difference and you need to.

close it that's what I'm talking about. yeah that's what I think she's doing it. she's like pocketing you think she's. doing this and you're allowing this well. I don't know I can't really talk to her. about money situations why I I don't. know makes her sad or upset like I don't. want to hurt my mom's feelings that's. manipul as [ __ ] I love her it's like the. spoiled little brat who gets everything. their entire life and then the moment. they're question they're. like no it is like so not like that like. we have both made major sacrifices for. each other no that's good that's good. but come on if you can't have a.

conversation with someone about money. that you are fully supporting or else. they start feeling. sad that's uh sure you don't agree uh. it's yeah I. mean I think it's an unfair situation. it's the better way I'd put it rather. than saying that it's fine what if I. called her don't call my mom you're not. going to let me call her no it's my. mother okay I love her yes yeah if we. love or don't we do the right. thing by doing what what telling her.

having aing conversation about the money. you are enabling her okay no you're not. cuz you can't give me a single question. into or a single answer into what is. actually her financial situation her I I. know what my stepdad does I know his. like General income and she she's your. stepdad she makes like her bonuses. fluctuate or her income fluctuates but. you don't know her financial situation. you're just talking about hering job. what do you mean like her debt her.

income her spending where things go. where does the reimbursement go her debt. like the debt that she has is pretty. much just that one credit card the the. one that we share and it's a dual Family. household income yeah but she needs your. credit she did because she used to have. like ter she she used to do all the. payday loans like over and over and over. and over again and this is someone we. want to be an authorized user on our own. credit someone who takes out payday. loans well I wasn't going to expect her. to pay for or like the flight stuff. exactly and this is when we have a.

conversation like adults right and so. after Korea I was like Hey like I'm. going to turn this card off like Co can. I use it for it was like two years ago. okay I don't give a that was two years. ago we've had two years yeah it's like. enough with Korea Korea was two years. ago what about things in. 2024 well sure yeah exactly Hulu on this. card peacock more. precocking watch absolute necessity to. survive in Austin Texas Amazon Amazon.

more Hulu woohoo Amazon Amazon fast food. restaurant that's what it's actually. called okay great or is that the C. that's the category um but it was you. use Apple pay Prime video channels. picnic Palace Amazon Apple Spotify door. Das Jimmy John's more peacock premium. what are you doing what is your life why. are you obsessed with this peacock. you're endless on are you renting you. must be renting on there not at all you.

went to a record store Amazon Amazon. Amazon are you sure the kids aren't. getting things he got a record player no. no no no no no from peacock renting. movies or getting something this is. three peacock purchases so far I don't. know what that is okay then you figure. it out you might have three different. subscriptions Tik Tok shop $28 what are. you getting ha our retirement is 20% of. where it should be okay yeah what did. you get uh it was a toy for the kid and. they loved it theck are you toy getting. them on Tik Tok shop I thought that all. they sold on there is are you getting. your. kids your algorithm is really messed up.

then yeah it is hey yo what the. [ __ ] okay what what are you getting it. was a toy I mean it was just what I. don't know it was like the little water. like jelly toy thing situation they. loved it okay yeah okay played it for. hours it's great purchase that was it. well they just got it like a couple days. ago and he just left and now we're here. oh for micro Christmas yep y mini. Christmas oh my here comes again you. ready there's the Apple P store then.

peacock are you f me and then door. dashing Jimmy Johns why are we door. dashing Jimmy John so much Domino's. Amazon Amazon Apple Bill and more Amazon. all right $24 on Amazon right there that. was mini Christmas stop with your mini. Christmas this is a huge Christmas. you're spending so much money you the. money you're spending is more than I. ever got for Christmas this is huge. Christmas this is like kids what are you. talking about and I was a three kid. household that I grew up in so shut the. up let me see your Amazon account no six.

the $629 of Interest screwed this year. so far $5,000 $5,000 for what $5,000 of. interest on one card year to date yes. literally that's at 27. 49% interest I. could put that in my Mumu account and my. uninvested cash gets I think it's like. 9% return on my money for the first 6. months or something like that something. crazy in my mumo account but your just. it's my investing account but you're. allowing $5,000 of interest to be acred.

negatively and then a massive ass. balance of. $6,950 at 27.4 7%. interest oh that's okay can you unlock. that again y there you go o oi. oi all right arriving Sunday cat food. good I'm glad you're feeding. them you need a little stand for your. iPad I get it you don't need aing Apple. pen pencil and different. tips come on we got a spr oh we're.

raising iPad kids that's great there's. your 10th generation iPad he's so. artistic you're going to make him. autistic with all this I don't know if. that's how it works I don't think so all. I know is iPad kids they don't really. honestly they they really do not do as. well in school we're starting to see the. actual consequences of this they're on. honorable thriving no it's fine it's. fine I'm not I'm not saying they are but. but can we afford to get an iPad right. now honestly if you ask my older kid. he'll say that you know screen time.

gives you brain rot and he'll agree with. you but great he's more mature than you. okay men's pull over hoodie that must be. for micro Christmas and. then double drones we droned it up drone. battle yes yeah yeah they they each had. to have one of course yeah a roasting. pan you did not have a pan I didn't have. a pan and uh Wonder creature can't water. that was a new water bowl okay I I know. you have bowls and I know you have water. if we're literally just trying to.

survive I don't think those are just the. luxuries we're getting wa well it has a. you need to have a water filter in Texas. and I don't have a water filter on my. sink so that has water is. 98.5% of uh faucet water in the United. States drinkable safely I'm specifically. talking about Texas it is disgusting. here if you don't have a water filter. you're talking it tastes a little good. you're not saying it's not safe. life is full of surprises some good like.

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my I don't need a thing for every single. little thing you got a stupid Oculus. okay for the kids I get that's all is. you can't you have $28,000 on this. credit card do not get that I know it's. all for the kids I don't need to know. it's for the kids every single purchase. I know it's for the kids that's why it's. mini Christmas I get it can you afford. it is the an the question no National. Geographic that's great um uh. oh okay a cordless leaf.

blower wireless charger you did not need. a wireless charger stand for kids they. didn't need it I'm sure they could. charge their phone a choo Cho train set. and we really needed it for micro. Christmas and then we got. little what is this a gay Batman I don't. know what you're looking at I think it's. gay. Batman rocks he likes rocks I'm noted. but I like. rocks he likes rocks but we're scared of.

drinking. minerals you can't do this you're in. their future do they have a college fund. yeah what well they they're getting the. GI Bill both yes and it'll cover. everything everything four years four. years and they get. paid because their dad is giving what. his GI Bill to one kid I'm gting my GI. ah there it is they are set up for life. and they even get they're set up for. college yeah it's not all the way up to. a master's degree it helps a lot Catu.

lots of phone cases and screen. protectors this is just so much bull so. much the camping light now lots of. camping gear we must have went on a. camping trip we could we did go on a. camping trip that we couldn't afford it. was super fun that we couldn't afford. memories that we couldn't afford was. worth. it it like mathematically it was not but. sure in 8 8 4mth car alone go you really.

are patriotic this is the most American. thing I've ever. seen why an 84 month car loan I want to. lower. payments you know that's not how it. works you are paying more in interest. over time because you are allowing that. balance to sit longer oh I'm going to. refinance it when rates go. down okay if rates go down when rates go. down they will go down for sure they're. what yeah I'm sorry you chair the. Federal Reserve well I mean I'm just you.

know assuming they're definitely going. to go down assuming not really I mean. they they they're kind of about like an. all-time high when I went and bought the. car they've been cut a couple times this. year but you don't know what's happening. a new administration's coming in what if. it's you know things are different we. will cross our fingers you but we don't. know I don't know but I mean if I can't. refinance then whatever if I can awesome. whatever I have an 84 Monon loan I'm. going to have this this car for 7 years. the the loan itself for 7 years that's a. whatever 7 years my life doesn't matter. I'm going to be 40 and I finally paid. off my car and that's a long time that.

car is going to last me a long time. you're an American you are not going to. be happy with a car for seven years uh. well that's probably true I was I mean I. had my last car for like 5 years and. that was a long time for me but it was. like there you go you're answering but. listen it was like starting to like have. issues and I was gone for so long and it. was parked I'm like you're breaking down. when you're pared you were going to find. this being breaking down seven. years I don't know but yeah seven years.

but this car like I only got to drive it. for like what two 39,000 it's worth. 31,000 cuz I just bought it this year of. course the value isn't that great but I. didn't have it's never going to be but I. didn't have any rollover on my last. tradein so congratulations you met a. basic requirement I'm like what high you. want high fives over making a massive. payment on a car but then you spent it. all way back and then want a high five. over not rolling over a previous Bel a.

lot of people do that though a lot of. people do a lot of dumb [ __ ] I don't. give a [ __ ] okay. okay I still think a lot of people Vape. should you do I deserve like massive. rewards for not yeah. no. okay yeah would it be how I raise my. kids hey guys you didn't murder someone. at school today good job. you didn't get in a fight today good job. I think that is some definitely high.

five. worthy 84 months what is it 2024 Kia. Sportage M. 9,735 181 my goodness with a minimum. monthly. oh this is this is spread out this is. considered a lower monthly payment cuz. we spread it out so long and it is. 630 $3.7 nope. $38.70 that's an insane disgusting.

despicable car payment for seven years. on something were underwater by $8,000. are you kidding me and you do not even. think of this as bad I feel like 600 is. a normal car payment normal why do you. give [ __ ] about normal why are you. comparing yourself to normal the average. Americans and can't afford $1,000. emergency why do you care about normal. people aren't set for retirement in the. United States you you want to be. compared to them people have credit card. debt in the United States you want to be. compared to them no exactly the median.

age to buy their first home is now. something in like their 50s you beat. that but you want to be compared to them. it's like why why is normal how we're. basing it as long as we're not a. complete piece of [ __ ] financially. speaking then we're okay what do you. mean you can afford it you don't have. retirement you are 20% to where you. should be at your age I mean I'm not. retiring right now so I'm not worried. this ising time time is everything some. some people Mr Dave po Dave out there.

Dave Ramsey do you know Dave Ramsey I. don't know anything about Dave you never. heard of Dave Ramy I've heard of him the. best the the most powerful wealth. building tool is your income that's what. he says no the most powerful wealth. building tool is time time in the market. allowing it to compound you are taking. that away you don't just all of a sudden. magically retire you already behind. you've already given up your best deade. in your life for Investing For compound. growth you are almost halfway through. the second best decade of your life for.

compound growth you are only going to. have two to two and a half decades maybe. three if you work for a very long time. decade of compound growth when you could. have had four or five well I mean I have. the tsp that's going to beue to grow for. until I'm 59 and a half yes and I'm also. no I'm going to interrupt you it's going. to continue to grow M 20% behind where. it should be again it should be you. should be on track for retirement and it. grows at the same Pace from there you're.

20% behind meaning if it still grows at. an incredible normal pace you're always. still 20%. behind Okay what was your second point. in 12 Years first was Bullit 12 years I. will get automatic retirement anyways of. how much whatever I what's it at today. if you did it if I were to retire. I no no no no no no just what what do. you think it would be CU it cuz it goes. off of years I know what do you think. it'll be I I don't know okay someone.

doing it today in your position what are. they getting I don't know oh you don't. know anything. good you can't retire at I'm no no no. I'm saying uh what you said in a couple. decades 12 years 12 years if someone's. doing that today they completed that. extra 12 years in your situation what. are they getting uh probably like four. to five maybe six grand a month it. really just depends four to six that is. such a huge range. do not respect the dollar $2,000 is a. huge also like you know if you know.

you're going to be retiring you know. between 40 and 45 you can absolutely. still work and get you know have a get. make a diploma while you're still a. diploma earn your diploma work towards. you know college while you're cover you. and your kid yeah I have we have. different college funds like okay I get. tuition assistance they get the GI Bill. oh assistance no it pays for the entire. class okay yeah per semester. up to a certain amount or no matter what. uh I think he can take up to like five.

classes but anything like it could be a. private out of state like or Community. College like what are we talking well. they have a ton of like colleges you can. go to online it really depends there's. some universities that okay listen no no. it is not insignificant being able to. let's say the $4,000 even $4,000 a year. for the rest of your life is not bad. that is not going to be enough to. survive necessarily and it's certainly. not enough to support the lifestyle you. want to do oh I can survive $4,000 hour. a month I would have to sacrifice my. lifestyle immensely and you could do.

that as well I just know you could not. do $4,000 hours a month not right now. and you are not setting yourself up to. double that. either what do you mean double it to. have $8,000 a month with your other. retirements combined with your four. another retirement my good your. tsp that that's not till 60 I get that. I'm saying you're not on track to take. it from $4,000 hour a mon month to. $8,000 a month combining both oh okay.

uhhuh sure so no you can't afford micro. Christmas which was how that started if. you are behind on retirement you cannot. afford it if you have a 28,000 30%. credit card you cannot afford it memory. no it wasn't micro Christmas you're. saying you can afford this monthly. payment no you can't because of all. those things okay that's a simple. reality but what am I am I going to do. nothing uh Cash Car $10,000 car even if.

you have to take out a $10,000 so what. am I going to do with this car that's. $88,000 underwater Oh what are you going. to do right now okay well that's defin. can't really do anything right now uh no. we can attack it we can go crazy you. attack it like make extra payments yes. where it okay no I mean I could for sure. no no no no no I'm not saying no uh. that's just initial reaction then it's. like okay well let's hear I mean if it. comes like if it makes sense like I got. so much more that I really have to pay. for that adding a little bit more. meaning that you actually cannot afford.

this car okay I can afford it with my. income you're spending more than you. make I'm spending more than I make. though because of my credit card. situation so if because of a credit card. situation where we are where we are. today then no you cannot afford the car. payment how is this that. complicated uh it makes sense to. me I don't know how okay that a blonde. thing probably I so blue cash preferred. is this mommy's. no that one is almost paid off it is.

almost paid off and it's interest free. we're attacking an interest free card. first it's interest free um well no. interest is awing and it has a balance. so my guess yeah only through February. so we're almost there anyway it' be 3. months from now okay any particular. reason you were attacking this one first. I wasn't I was just like ticking away a. one little bit a. month yeah but you're doing much more. than the minimum on this you put $200. towards it when it's a $40 minimum.

through payment that's what I always do. I'm like okay I put like big payment. little payment little payment okay so. there was actual no intention or. strategy or idea or thought okay. $11.50 is the balance on here with a $40. mimy payment no purchases no interest. good thank. cool February and then it's 27 28%. interest well guess just about going to. use her what is this Navy Federal Credit. this is a huge this must be mom Navy. Federal is that like 6 Seven Grand.

7,472 yes I only made one charge on it I. think and then I paid it right away. close close close what close close the. [ __ ] oh close the card card I thought I. said clo like clothing no close it or. understand her financial situation. better and then gift her cash if she. ever needs. okay all right I'll do that does that. make sense yep she work yeah she does.

yeah I'm very concerned that you're not. able to have a conversation with her. she'll just get sad yeah we don't talk. about I don't know how the you're going. to do this we grew up very very poor so. it's like tough to like talk about I. also grew up not in a. financially good household guess what we. have conversations cuz we're adults and. we know how to communicate with each. other and we don't get offended at. everything and act like we're children. okay. this is at a balance of.

7,000 $7. 7,472 95 Lindsay is checking on your. child do bathroom oh okay bathroom break. he just wants to be nosy. $141.3 is out on this I will not swear. for five minutes two minutes 2 minutes. of no swearing for child purposes. $141.3 is the payment. that's your minimum yep okay yeah so I. have I have a recurring payment you.

effing dumb dumb this is so stupid. why. you made a $352 payment good it's double. your minimum but did you purchase $57. with interest occurring of $66 what do. happen oh this is your mom that's right. this is your mom was that $300 charge no. 352 went to the C oh what was but $57. was charged to what American a you don't.

even know what it was you don't look you. don't I don't look at it because I don't. spend it but it is your credit and I. make sure that it's paid every month at. least your minimum no at least so I have. a recurring payment I can 22 years to. pay off but that's with no purchases. there's always Pur I never oh she went. to Fairfield and had some in and suets. yeah she a hotel one of those work trips. one of those work trips that's never. reimbursed back into the account correct. are you sure I cannot call her cuz I. think she needs a little conversation no.

we're not we're not calling her okay no. why no why I I don't want you to uh-huh. why because she I'm not going to you to. I want to know why nobody knows I'm here. right now this is a big secret okay well. they will won't they they will. eventually yeah in like three we and if. you call her and you're like yelling at. her through their Pon be like I'll be. informative who the hell is this what's. going on don't tell me how to live my. life. I only yell at people that I have. permission to I will just give her the.

flat what's going on just get a little. information okay fine can you call her. an ask her I won't participate oh I I. will in the post show oh I'll do in the. post show yeah yeah yeah in the post. show you'll call her I'll call her all. right guys we'll do it in the post show. cuz it's buying a pay wall people feel. more comfortable with personal things. there feel free to join our uh uh join. Link in the description below join. Hammer Elite by the way for like 10,000. hours of extra content exclusive audits. live streams and even a call-in show. it's pretty fun total interest is your.

charge so far is $78 on here that's. insane that's disgusting it's vomit not. as bad as the other one the other one. was disgusting no sh but come on again. let's not play the compare game that. does not mean that it's not bad you're. obsessed with the compare game it's. comparing it's spending money you don't. have Okay Wells Fargo uhhuh reflect Visa. Platinum card uhuh everything okay I pay. that one on every month pay it off every.

month because it just gets yeah looks. like you did yeah uh Gambit Social House. Gambit social house and then a gym kits. that's 159 and then 30 it's still so. much money that you are then forced to. pay off on this instead of putting extra. money towards the other debt so what are. we doing those two first things were. [ __ ] well yeah no those were dumb. for sure I uh that's money that could. have been pay off your other. debt yeah but you know what are we doing. socializing obviously socialize for free.

go to a dog park I don't like dogs put. your kids on a leash it's your dog wolf. wolf no no no no that's so silly and. we're like we're home bodies there's so. much you can do that doesn't require. having to go spend money I I really. don't know I mean we go hiking sometimes. that's not that's a solo thing there's. no socializing there social so just. random people trying to get out in the. date. world uh yeah I mean dating stff that. was just that was really just hanging.

out with friends I swear Okay then if. it's friends stuff then hang out pregame. you know I don't know that's true if. you've ever contributed to a 401k you. probably don't realize this 25% of 401ks. are just sitting out there lost or. forgotten that's retirement money that. could be working for you but instead. it's stuck collecting dust because. rolling them over into an IRA can feel. like overwhelming death sometimes. seriously who wants to deal with all the. paperwork endless calls and lost checks. in the mail absolutely not that's why.

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and loss checks in the mail but there's. so many reasons why it's worth doing. especially with capitalize rolling over. means more control better management and. keeping your retirement money where it. belongs with you so stop letting your. money sit around if you're ready to. finally take control of any 401ks that. went MIA head to the link in the. description below or go to High. capitalized. calb don't wait because the. sooner you take this step the better. thanks the capitalize for sponsoring. today's video now let's jump back into. it I mean I mean it's what we kind of do.

sometimes but it's like wanted to get I. really never go out like you could look. at my statements from you know past year. and stop all I care about is $189 was. spent that you had to pay off that could. have gone toward something else so I. don't give a [ __ ] that is what was here. the kid is gone I can say. [ __ ] and that's at 29.4 n% interest but. again no interest is are grin so that's. okay pen it Max so this is the house. this is the mortgage Yep this is.

267,464 minimum monthly payment not bad. at all not bad at. all um okay what is the value of the. house today like just kind of you know. just rough probably about the same. exactly you when did you buy this uh I. bought it last December I think it's. probably a little down it might be a. little bit down it's probably a little. down yeah but but but but but well are.

you saying you purchase is 0% down yes. that's correct gosh I I I I like the. idea as a benefit but again it's not. actually helps you get into the house. but when you're in a market right now. where it's a bit weird it's a bit slower. and it's a bit down in Austin you now. have a negative equity position in your. house oh absolutely but I I like I was. really Str when I was trying to move but. you could have rented for cheaper I like. there was nothing available at the time.

I swear that's not true well I mean that. was like in a good location in a safe. area and that wasn't a duplex I hate. duplex there's like literally one. neighborhood in Austin where people get. hurt well I don't know what you're. talking about the the where I mean yeah. so where I was looking now it was there. was a lot of like sketchy areas so yeah. and this house had a lot of incentives. geown is all old it was like really nice. incentives new construction came with a. bunch of stuff like home warranty.

situation think people in that town are. able to walk down the stairs outside. their house it's a bunch of old white. retired pretty much like just. like 1950s like yeah but still I like it. I I know but you would have been safe. and I did like also like I got like the. and no the skin color doesn't have. anything to do with the I know a couple. people are going to say that I'm just. saying it's just a very very very only.

white old people Town yeah predominantly. but it's which is fine I don't care but. it's just like you were afraid. of safety from a bunch of old people or. do they do they all have machetes to. swing in that I don't know what you're. talking about some of the other areas. where I ended up being but like anyways. whatever okay cool now I go to aariana. house all right. any more debt uh I don't think so we get. the blue cash Platinum the Navy Federal.

house. car uh I think that's pretty much it. honestly write down your minimum monthly. for the. car. 6003 6337 638. sorry okay $46 in. this no active D checking it's only a so. so e what what is e e has 23 6 active. duty checking has 162 and savings has $6. what is e it's just e cheing account it.

that's just what the name of it I don't. know yeah I but what do you use it for. you told me about all these different. accounts so the so the E the E account. that's like where like my mortgage and a. lot of like my um the things I have like. enrolled in bill pay they come out of. that. account and then they my produc was. telling me to ask you about property. taxes what's going on oh you know I. totally forgot to bring the property. taxes I have that what do you mean that. should be so are you not building that. up into your monthly payment so here's.

what happened with the yeah in the. escrow account so I think the way that. like the the mortgage people set it up I. don't really know how it works honestly. set it for an annual payment so they. they had it going but it was like based. off of last year's property taxes and. the house didn't exist last year so now. they assessed my property and they. assessed it for like you know what it's. valed at and now my property taxes are. going to be like $5,000. out of Pock is not spread out through. the month though what do you so into. your escrow account taxes and insurance.

I checked my escro account and it's like. it's less than $1,000 do okay so you got. a backfill by when I February is the. first payment so it like first payment. of so not first payment but it's like. the your first chance to pay if you pay. in February this is the money this is. how much it cost how much do you owe for. for the es how much will you have to. have it's like over $5,000 you need an. addition additional or after the one uh. no that's just the total cost okay so.

4,000 including you need. 4,000 well cuz your insurance payment. will be paid through that as well I'm. going to say. 4,500 jeez surprised they set you up for. failure there like. that yeah uh some Minecraft payments and. Minecraft payments and Microsoft. payments I don't know how to turn that. Minecraft payment off I've tried so many. times challenge to tell to stop charging. from the talk to the bank go into the. account and stop ask your kids where it. is they don't use it okay check your.

Apple. subscriptions what do you no it's not on. there I even went to like the Minecraft. Microsoft like I have really cuz this. has been charging call the bank okay cuz. it's been literally charging years call. the bank call the bank ask him to block. that okay I will do that but then a. Microsoft payment 21 bucks uh I don't. know what that is honestly you how do. you go through our budgeting class so. you know how to look through your.

accounts okay and build a budget go. through our debt class so you know how. to look at your debt what makes sense to. pay off how to utilize good debt cuz I. know you like debt including mortgages. and then and then eventually take our. investing class you get it all for free. for being on the show you guys all get a. bundle together for 15% off like over. 10,000 people have changed their lives. taking it but you get it for free so go. through that sh okay and eventually put. your kids through it as well oh that's. probably a good idea yeah eventually get. the money smart eventually but and then. this account that you have again only.

$200 in here we got more Amazon and. military custo custom custom something. 66 bucks Pro we went into a gas station. got some bullsh something. corpse oh that's the that's the gas. station you have rocket money premium. and you don't budget I'm not anti that. but you specifically told me you do not. budget why do you have that I look at it. like once every two. weeks huh what's the point of looking.

you said you don't budget what are you. talking about that sounds like budgeting. potential I was trying to budg I told. you I'm trying oh you are just you do. not know what I'm so [ __ ] just that. was that was a step in the right. direction I just didn't stick to. it yeah and then what was he at what was. that military custom thing uh I don't. that's honestly probably like um new. uniforms or something. the military uniform yeah you have to. pay for that yourself oh.

absolutely you get you get so you get. clothing allowance once a year um but. you still got to go buy it Pentagon. should pass their. audit and we know if there's a money so. you don't have to do that Synergy oh. that's movie theater uh stopping at the. store near the base and stopping at the. store near the base getting some. [ __ ] going in getting the little. shop stuff little num n. whatever you're doing I don't know what. are you doing energy drinks okay goodbye.

go to a Costco they exist I do do that. but it's so far do that more okay the. even the grocery store is still more. effective price price effective to buy. in. bulk uh stopped at the store Jimmy John. stopped at the store stopped at the. store got your energy drinks energy. drinks and Oculus payment come on I. wanted a new game I get all these things. I want you to be able to do these things. it is not a magic world where you're. entitled to do all these things okay.

what do you disagree no I don't I don't. disagree I then what like you try to. justify it by saying where it went I get. it I like to do those things too I want. to do those things for them you are not. entitled to nor are they and that is. hard to think about for an 10 and 12y. old so I get it but you are behind in. retirement you have horrible debt you. don't know how to have a conversation. with your mom and you are taking care of. two kids by yourself so I don't give a. if you wanted to buy a.

game yeah you are financially I have a. really really really hard time like. saying no and talk to a damn therapist. uh you get them for free right yeah it's. like a long way to get in there and I'm. like Panda Express great in this account. that has no money you said you didn't do. anything other than just pay for your. mortgage and stuff and every account we. went through had purchase of some kind. so again just like when we first started. this conversation you giving me.

incorrect information as we learn to. find as we learn and find out generally. you know that's that's we're not talking. generally I am talking about your actual. life yeah well that's I'll say like. generally like this is what I use this. account for but sometimes I switch it up. I'm like oh well this one's a little too. low canka whatever. you build the budget have everything in. one account this makes no sense the way. you're doing it the way you're doing it. makes no sense it is over complicated.

and it's giving you a false sense of. security stop don't say anything you. need the budget if you build the budget. you know where your money is going you. know where your money went you know. where you need to course correct okay if. you're budgeting you only need one. checking account there is no need for. this you are simply trying to either. shortcut it or find an extra sense of. security that does not exist this is not. helping you this is not benefiting you. learn to budget instead whether that's.

cash in envelopes whether that's on a. spreadsheet whether that is using an app. I don't care. budget yep I will for sure reminder with. this you have two kids single mom great. you do not have even close to an. adequate emergency fund and you have a. mortgage you are putting your entire. family in a dangerous position yet you. were allowing yourself to have a micro. dick Christmas this is not how we parent.

this is not how we adult this is not how. we act mature this is not how we live. life if we are trying to have any sense. of security for our family if it was. just you sure you could live the I would. criticize it but you could live the risk. if you wanted to you are depend they are. dependent on. you this is not acceptable the Amazon. purchases the Oculus game the different. things not calling the bank even for. mine. that kind of stuff is no longer. acceptable if we do not have an. emergency fund it is dangerous your.

house goes into foreclosure you can't. put food on the table you don't pay. utilities it gets cut off this is what. happens when emergencies happen and you. cannot take care of it yeah I've never. had emergency F my entire life and I've. never known anybody that has had one. uhhuh cuz welcome to America and guess. what everyone's financially oh lovely so. again do not compare yourself to the. average that is what you do it is. obnoxious and means nothing. okay be funny to like gift the older one.

like a certification from course careers. and accounting and then they'll just fix. your finances that would be funny okay. yeah the savings is nothing so I will. sit you down with the financial advisor. free session with the people over it. domain money they are who I use it's one. of the resources we have actually. everyone in the audience gets a free. session so it is actually something. really beneficial we negotiated that. part for you guys trust me but. take advantage of it take advantage of. everything we are gifting you here you.

have an immense immense level of. financial immaturity for someone in the. 30s and it is scary it is terrifying and. it's putting you in a dangerous position. that you don't even realize the full. consequences yet it's been really tough. you don't feel the full consequences of. not having a retirement fund until you. retire and that is one of the dangerous. parts of about retirement funds is. because because like and I was like this. too before I just got informed on all. this stuff it's like I didn't have. retirement I can catch up on retirement. that's what it is no it is time that you. need early and you don't realize you're. not ready for retirement until it's time.

to retire and then you're not there yet. you don't get to see the consequences. along the way and that's why it's you. need to become informed on this stuff. and you need to start preparing yourself. because you're really putting them in a. dangerous position and that's the worst. thing of all so what hits our account on. a monthly basis is $. 6,420 all right your minim monthy debt. payments and unfortunately this includes. mom's card I'm glad you're going to call. her and at least figure that on the post. show cuz you need to confront that hard. reality I won't well if you allow me to.

I'll participate but either way I'll Le. at least let you deal with it but. minimum to payments actually let's not. include mortgage let's make that. separate minimum payment. $1,768 58 she'll be anonymous of course. yeah and your mortgage itself is. $1,272 uh what are what's your like walk. water your gas your electric internet. all that um let's see water and trash.

are included or the same bill so that's. right around like $98 to $100 a month. 200 okay um electricity usually varies. between 80 and 120 I'll do. 100 uh internet is $100 cell phone is. $100 cell phone's 100 yes it's not the. worst I might look at doing helium for. 15 bucks a month it's the same tow. versus T-Mobile it's kind of like the. the you know the mints and all those.

things where they use the same Towers. they just pay for Access yeah I just um. when I got back to America last year I. got this and it's like on a payment plan. so as soon as I get this paid off I hate. yeah room drive drive gas how much uh. monthly basis come on probably like $200. a month honestly yeah we had 251 I'm. going to say 250 okay car. insurance 100. like 20 30 40 10 something like that are. you kidding me how do you not know.

anything that's what I'm saying like. that's I give me what in between what. it's it's probably like around like 1. 120 130 130 let's be safe TP fund. anything else for you and your kids. needing to exist this could be things. for School sports activities whatever. makeup Nails $200 toilet paper all that. stuff groceries uh groceries I would. probably say about like 450 a month um. kid stuff would just be his sport yeah.

there's certain situations we know off. camera so but because of that I can say. confidently that you can do groceries. for 500 okay okay 500 medical. everything's usually military so you. should be good there right but is there. anything extra no no no gym no what we. had a gym I had $100 I don't know I have. a gym what it was something on a on gy. gynastics that's the sport oh okay you. you put that in the Tepe fund. subscriptions none do you have any pets.

I have a. cat yeah you do I saw the cat food yes. okay you have a cat how much for cat. food on a monthly. basis probably like 30 40 bucks she only. goes like one bag say 40 do you have pet. insurance no going to get pet insurance. how old's the cat uh about a year okay. $40 pet insurance get it how are you. going to afford a surgery if something. bad happens you're not and it's. irresponsible for you to you won't have. the money you don't have money you have. 1,200 in emergency fund shut you don't.

know the cost of things you have no. respect for the dollar okay okay my gosh. get it don't be irresponsible get pet. insurance all okay if you have a pet and. you can't afford to take care of it you. don't get to have the pet okay anything. else that needs to be in your budget. that I do not have here uh not that I. can think of honestly that's pretty much. it we should have space here let me. see I have a feeling we just overspend. on things like min Christmas dumb stuff. uh you know flights also occasionally.

got to do no longer for the kids n. they're not my flights they're for the. kids so they can see parents oh how okay. how often do you need to do that cuz we. should budget that then about four times. a year oh okay that's fine you you take. from TV fund you figure out what you. need to do you budget that on a monthly. basis. [Music]. though [ __ ] me six uh so 6,420 to. survive wonderful very good and we need. 4535 83 to survive on a monthly basis. there's no reason to be in debt one and.

two we could probably get out of it so. to give you some encouragement along the. way I'm going to give you $200 in the. fun fund you have fun with the kids do. as much as you want whether that be. gifts going out to eat. $200 but there you go so this gives us. an extra. $1,684 in 17 cents on a monthly basis. just uh to put start putting towards. debt so the way we're going to do this. you need to have a conversation with. your mom but obviously Blue Cash is paid. off month number one we have $1,000 left.

and we put that towards the we put that. towards the Navy Federal which was the. mom card and then you pay that off and. you'll have $6,000 left on that 6,500. left on that card after. that you pay that off in four months so. we're five months in that card's paid. off Blue Cash is paid off Navy Federal. is paid off this is when we start. attacking the platinum card as much as. we can we also have some more money left. on a monthly basis uh where our our. entire BS fund uh that we or we put.

towards the fun fund fund of $200 now. that is made back by no longer having. the minimum payments on those two credit. cards so we're actually back to that. $1,884 that you can start putting. towards debt so the car will be about. $26,000 at that time divide that by. $1,884 that should be paid off in about. 14 months that one's a bit longer but. you have a strong income what's the. what's your face what what emotion am I. picking up so confused oh yeah that's.

okay though well we'll go through this. and then I'll I'll try to make it more. simple I guess but at that time we're 19. months in or we're one and a half. years-ish okay okay that sounds and then. you start attacking the car cuz it's. ridiculous and it's beyond stupid and. it's probably about 32,000 no it's. probably about 35,000 hours might be. 36,000 because honestly it's all just. going to be going towards interest at. the beginning but at that time now.

because we just paid off that massive. credit card we have an extra almost. $1,000 we get to have extra so we're. going to have about. $22,700 on a monthly basis to put. towards this car that takes off a year. takes a year so two and a half years and. we're bad debt free uh you also have to. do the property taxes before then so. you're going to prioritize that before. the uh Navy Federal you're going to do. it after the blue cash and that'll take. about 3 months let's call it.

conservatively so it's going to take uh. two years and 34s then you're going to. get a fully funded emergency fund let's. call it 3 years and one quarter 3 years. one quarter and you are at base level. and you're 35 so it shows how behind you. are but that's okay because you have a. strong income actually pretty limited. expenses relatively you just have to. actually prioritize it and funnel it to. the correct sources and of course as. your pay goes up if you pick up another. job if anything happens like that you. are and you're locked in on your your. mortgage payment is going to go up a.

little once you start putting the proper. amount aside uh for property taxes on a. monthly basis but either way as the. income goes up that will hopefully get. sped up to more like a three-year. process total if they're fully funded. emergency fund but after that you start. contributing about 25% to your. retirement and we should be able to play. some catch-up there usually we do about. 20% to retirement but you're going to do. 25 because you're going to be starting. quite delayed at about 35 and and only. 20% of what you need to actually be. retired at that time okay. so sure yeah okay that sounds like a.

good plan cool so again the way we're. doing this is we're doing Blue Cash. property tax Navy Federal with Mom no. longer spending on it likely closing it. before then then the platinum card then. the car then the fully funded emergency. fund and then 20% to 25% to retirement. every year or every month if that makes. it easier to you okay good so that's the. plan and then you come on the financial. audit follow-up Channel throughout and. at that point we're tracking your. progress we're answering any questions.

we're keeping you motivated you take. advantage of the resources we provide. you yeah and yeah be smart you overspend. so spending in a budget zero out of 10. debt you don't have collections prty tax. we're not going to count that but that. credit card is horrible allowing your. mom to rack that up is bad and then that. car is absolutely ridiculous I'm not. going to give you better than a two out. of 10 emergency fund you've started. you're about one out of 10 there cuz. you're a tenth of the way there. retirement again we are behind at about. 20% of needed so two out of 10 real.

estate you are there but you have a. negative equity position you put. yourself in a slightly risky position. but at least you in a position where you. can gain Equity once the market corrects. at some point which it traditionally. does it's going to be a four out of 10. there so we will call your mom in the. post show and we need to confront some. major realities there and that's going. to be huge so make sure to join us there. but your Hammer Financial score is a 2. out of 10 and make sure to get all our. education for 15% off I'll see you guys.

in the post show your Mom is putting. business expenses on your credit card. and then the reimbursement is going to. cash in her pocket that blew my mind. when I heard that you're going to call. her what's up baby why do you need to. use the federal credit cards nice to. have it because it is a nice card to. have you know now it's at like 7 Grand. and you know I'm making the minimum. payments you won't be able to spend on. it anymore at all to watch the financial. audit post show click the join button. below.