The Impossible Financial Audit

It's five kids. That's five of us. That's five. go out to eat, you dumb. Going to lose. the house. One more time. You're a. stubborn little. Like an actual. Yeah. You're wimpy little crybaby. What about your kids? They're there. You're going to. them up. Yeah. You're going to ruin. them. Hi. My name is Cole. I'm 29 years old. from Dallas, Texas, and this is. financial audit. Cole, Cole, Cole. The amount of spending that is on the.

spreadsheet in front of me, I went. through your documents. I saw your. documents. I lined some things. There. was also some lines, but I didn't make. the spreadsheet. Our lovely producer. Jake made the spreadsheet. And the. absolute spending. that you are apparently capable of. is. one of the most ridiculous things I've. ever seen in my life, my guy. It's. impressive. What do you do in Dallas for a living?

Paramedic. Okay. It's not the highest paying job, is it? What do you. Yeah, what how much are you making? Well, so I have I technically have two. different rates. I have a day rate and a. 24-hour rate. But my primary rate is. 2050 an hour. 2050 an hour. Okay. What would you say. you bring in on a monthly basis? Take home is around 5,500. Is that on. average? Actually, that's not bad. Wait, how many hours a week do you work? Between 72 and 86. Oh, good. Yeah.

Wait, how do you even have time to spend. all the money that we're about to get. through? I don't know. It just It just. comes in and goes out as fast as I made. it. I guess so. So, 5,500. Okay. Mhm. Take home. Take home, for sure. Um. and that's not necessarily bad at all, by any means. Mhm. Uh what's the life situation? You're 25. Is there anyone else in the Huh? 29. 29. Sorry, that's what I meant. Is. there anyone else in the life right now? Any dependents on this? I have a wife.

and three kids. Oh. Well, what are the kids' ages? Okay. Uh my stepdaughter is 11, and then my. two boys we have together are six and. three. Lots of support. Yeah. That can get expensive, especially in. Dallas. Out of that 55. So, what is. going on here, man? Because again, the. spending is ridiculous. What is going. on? What are we looking at today? What. is Cole? Cole is a is a big spender because I. don't like to tell my wife or my kids. no. And so, they're like, "Oh, if we want.

this, we want that." Like, I'm like, "All right, cool. I'll go and get it.". All right, what happens if you say no? They get upset, and I don't want to deal. with a crying, screaming child. The wife cries, screams? Oh, no, no, no. My wife My wife is like, "If we can't afford it, we're going to. afford it.". 11, six, and three? Mhm. The. 11-year-old, too? The 11-year-old's. Yeah. Huh? She's Well, she's 11, so she. has an attitude. Huh. Looked like you. were going to say something else for a. second. But it's it's one of those things like. I feel like.

I want to provide as much as I can for. my family. And you are. Yeah. And so, in my the way my brain. works is like. if we can My wife is like, "Are you sure. we can afford it?" I'm like, "Yeah, yeah, sure. I'll just work a couple. extra shifts." I guess nobody knows. Okay, well, that's on you then, if you. say, "Well, yeah, we can." When well, no, we can't. But I don't want to say. that. No, sh But you do say it. Not. really. I like I I Oh, no, no. But you do say, "Yes, we can." though. Yeah. But that's.

incorrect. Right. But I don't want to tell them. that no, we can't afford it. So, when. you tell them we're going to lose the. house, that's going to be an easier. conversation than saying no, we can't. get Mickey D's? Well, no, cuz I'll just work more if we. Okay, I'm sorry. No, no, let's be. honest. Let's be very real. You're kind of pushing yourself to the. human extreme in terms of the kind of. physical work you're doing, in terms of. hours a week. "I'll just work more" is. starting to become not an option for. you, unlike many of the guests on the. show. Right.

Yeah. So, no, that's an incorrect answer. Yeah, I I spend well outside of what I. make, or we make. Yeah, but what you. just said was incorrect. "I will just work more." No, you can't, almost, basically. I mean, I can. No, it. starts getting dangerous, and you're. responsible for other people's lives in. this situation. If we start pushing you. to 100, man, I mean, come on. That's. scary. I mean, yeah, but I've also started like. a couple side business. Well, I've. started a.

Started side businesses? So, 168 hours a week. I mean, you're do. You're already working half of the hours. that exist in the week already. Like, this starts getting scary. Then you have. side businesses? What do you have? Yeah, so just to backtrack a little bit, so like my my hours, they're they're. easier because they're 24-hour shifts. So, like if you break down the numbers, like last week I worked 72 hours. That's. like three days. Yeah, sure. Okay. days left. This week I work 70 I'll work. 72 hours this week. push your body to the max, though, you. know? Even still. Like, imagine five. days of that in a row. They have the.

days off for a reason. Well, yeah. That's why you That's for overtime. saying, "I can work more." It might. start getting bad for you, bad for your. family, and bad for the people you're. taking care of. Right. But that's where. the side business has come in. Okay, so the side businesses then. Go. ahead. I started my own car detailing business. You look like you would. Okay. Sure. fun. Like like the OCD in me like really. enjoys it, like you taking like a dirty, nasty car. Oh, I love those I Yeah, oh, yeah.

They're just like visually satisfying. How do you have time for that, though? Cuz I mean I wish I knew. I mean, I Do. you have time for it? What's coming in. with that? Um. How successful is this? How long have. you been doing it? Since July. And I've. done In totality, I've done like six or. seven cars. Okay, so this is pretty. pretty meh. Yeah, cuz it's just right. now it's like free advertising, just. like Facebook, Nextdoor, texting. friends, like, "Call me if you need. anything." type stuff. Um and then. is hardly a side business, even.

So, it almost sounds like a family, friends. Yeah. But I'm trying to. The goal is to grow it. So, how would you grow it working 80. hours a week, trying to make sure people. don't die on the way to the hospital? I'll fit it in somewhere. There's. There's small gaps. realistic answer. Come on, guy. I think. I could come. This is a dream. Give me real. I could. comfortably do a one car a week if like. my schedule was full. But you have to. align with the people who want to get. the car clean schedule as well. Right. Yeah. But working only two or three days.

a week, I've got those four days. Absolutely. one in somewhere. Which I hope they're okay with those. four. That's true. It's usually A lot of. people they'll call me. I've only had. one guy call me and say, "Hey, I need it. done today.". What do you charge for a full full. service? It depends on the size of the. vehicle. Uh midsize sedan. Uh no, no, midsize SUV. Three rows or two? Two. Full details, 250. Okay. How many hours. does that take you? Roughly two, two and a half. Okay. Unless there's like But you've done. seven since.

July. Mhm. Okay. Any other side hustle? Um I just partnered up with a buddy of. mine that works at the fire department, um doing roof sales and patio. extensions. Okay, what the. It's a I'm all over the place. Is that necessarily a. It almost feels like your spending looks. like that. We're about to get into. Your. spending looks like you think you're. making a lot of money on those other. jobs as well, coming in. Like you're. pretending like you've already made it. in those jobs. I assume most of that's.

based on commission, right? Roof sales, whatever extension. Okay. How's that been for how long? How are. you doing? there for a week. Okay. So, why? Why not. put more effort towards that other. thing, anyway? Especially if you're good. at it and you like it. The detail. I I haven't been put into a spot yet to. be able to like I really would like to. be able to. taking time away when you're going and. trying to do this extra third side. hustle. Right, but that's really only busy. during like storm season. That's like. four months out of the year. Of which.

you won't be doing detailing. But Losing. clients. Let's focus on advertising. Let's focus on community building, keeping people in. A lot of people that. Some people, if you get the right person. that want to get their car detailed, maybe they want like a monthly. appointment. Well, what happens when. storm season comes around? Well, you got That's a few months. I would agree. You got to prioritize. your repeats over brand new people, in. my opinion. Yes, but you won't be able. to repeat when you're focused on the. storm season. I It just feels very. disjointed, things that aren't even in. in similar industries. It just Why not.

focus on one that you know you enjoy and. has shown at least seven successful. actions behind? Closed sales. Cuz I think I see the. numbers behind roof sales, and I think. numbers. Come on, it's a potential. number. I don't. What's the structure of this. organization? Of what organization? Cuz let's just say. I don't think you're in any kind of. multi-level. I don't think it is. Likely. in roof sales, I've never heard of that. Could exist. I'm sure it exists in every.

industry. But even still, come on. Like, let's look at a multi-level for a. second. They always show, "Look what our. earners make. Look what our top sales. people make. Yeah, it's good.". If you're able to full focus on it and. make it an amazing thing, you're not. able to. You work 80 hours a week doing. this other thing. You want to work more. hours. You say you work more hours. Well, also trying to do this car. detailing thing. In order to get the numbers that you're. likely trying to get, you're going to be. going door-to-door every single second. of every single day trying to get it. like a solar salesman. So, I don't know.

how you're going to reach those numbers. you want to do with the side side of a. side hustle. Well, that's why it's a side side. hustle, cuz it's like. shouldn't be, cuz I don't think you're. going to be able to build the. relationships. For an actual true sales. position, that man, you grind that to. the ground. You grind the customer to. the ground. You grind every single. second of every single day. There is not. a moment your phone is off. Your phone. is off for 80 hours a week. Not really. It's in my pocket. if some dude is like his heart's. bursting out of his chest, you're like, "Hello, solar. This is Caleb with a".

Stop having a heart attack. I got to. sell a roof real quick. Yeah. Yeah, but. come on. Real world. Yeah, no. Like, there's a lot going on. Does that. job actually make sense? Something where. sales sales is like. I don't know. That's like you're locked. in always for the customer. If you. really want to do it, and I don't think. you have the time. I have the time. You. No. Yes, I do. I only work 3 days a week. I get that, but again, the time you have to dedicate to. something like that is always. And there. are days where you're off for 24 hours,

and then there's times where you're. detailing cars and trying to make. How is this not making sense, guy? Cuz I have enough time. Oh my. Do you not understand the point I'm. trying to say? I do. You're saying I'm working a lot. But then why do you come back with the. but I have time? I do. But those other. days that you can't exist in? Right. In the sales world. That's the only thing. Oh my. Okay.

Well, it's clearly you're in that. position where you saw number, you saw. the potential earnings, you're more. excited about that. You live in the world of delusion. instead of the real world for that. situation. You've only done it for a. week, so I'm not surprised it'll bite. you in We'll see. So, payroll that came in 5,700, Zelle in. 480, Twitch. You stream? Occasionally. This is so weird. It's. like three streamers in a row all of a. sudden. one big month um when What do you.

stream? You apparently have a Do you. ever see your kids? Yeah. Oh, yeah. When What? When you pass them? No, I pick them up. Leaving the door and going to the man. cave? I pick them up from school. I'll take. them to school on my days off and. Is that it? The car rides? No, we have. dinner together. understand how you have this extra time. How much How much time do you put into. Twitch? Not much. It was only $316, but even still, people. put. dozens and dozens hours in Twitch and. get $0. streamed in over a month. That's from 1. month where I got like 150 subs and like.

that was it. Well, either way, oh, what's the Zelle in of 480? That's a car. Okay. So, 6,500 came in. total. You're probably not setting money. aside for. Twitch even though there's not much or. setting money aside for taxes for the. cars either, right? Well, cuz it hasn't. turned a profit yet. Yeah, but you still Okay. Are you going. to be able to adequately claim. everything? Is Is the finances. organized? Yeah, yeah. I've got receipts and. everything of all my purchases and. amounts and stuff like that. Good. Same. with the Twitch, hasn't made a profit?

That's the only profit. Ever? Oh, okay. Yeah. Okay. So, Well, 6,500 came in, and that's more. than normal. How much went out? How much. was spent? Probably a penny shy of that. went out that month. Penny shy in which. way? Like less? I brought in whatever What did you say? 6,500 $5.02. Yeah, I probably spent 6,400. Okay. 11,500 7 Me. I don't think you. understand your life. Again, I think you. think you're already successful in all.

these other things that you can spend. like you are. You're not. The spending's. insane, guy. It's almost double. It's. almost double. It's bad. Yeah, it's bad. What about your kids? What about your. kids? They're there. They're there, but they're not going to. have a good They're not going to have. any kind of college fund. They're not. going to have You're not going to. retire. It's like. They're there, but. I don't know. Their future's kind of. getting put on hold. And you're like, "Listen, I just hope. this is cuz you're excited to be on the.

show." I hope it's maybe a cope thing, but just sitting there and just kind of. smirking the whole time. a cope. Okay, good. 100%. I always have to call it out cuz it I. know it doesn't feel like it is from the. audience's perspective. They're always. like, "Why Why is Caleb calling someone. out for laughing?" I get it. When I just. see this person sitting across from me. the whole time. and they're like. this look. Yeah, it's it's a cope 100%. like, "What the Is this person not. taking it seriously?" Cuz we put so much. energy and time into this. Uh and most of the spending, by the way, is on credit. It's debt. Yeah. I'm really good about getting rid of all.

my debt and then replacing it right. back. What does that mean? So, I've knocked out my debt completely. twice Over the course 6 years. Anyone currently struggling with debt? You're not alone. I've been there, and. I've especially seen friends and family. go into debt over the holidays trying to. cover flights, gifts, and even. vacations. And once you're in that. cycle, it's tough to break out. You've. been making payments every month, but. somehow that balance barely shrinks. That's where the sponsor and my friends.

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pdsdebt.com/caleb. It only takes 30 seconds. That's. pdsdebt.com/caleb. Your free debt analysis is just a few. clicks away. So, head to. pdsdebt.com/caleb. today. It's never too early to take. control of your financial future. And. then a How? What did I How? A few years ago I did a debt. consolidation loan. So, I got all the. Okay, well, that's not wiping out. It's. consolidated. But like I emptied out all my credit. cards and had the loan, but then I. reaccrued all my credit cards while I.

was still having the debt consolidation. loan. Classic. Yeah, this is what. happens every time. Yeah. And then in March um we bought and. sold. March of this year? Yeah. We bought and. sold our house. So, Okay. You didn't buy and sell within 1. month. I bought I. Sorry, I sold my house to buy my current. home. Okay. Sorry. Yes. So, we had bought a home in. 2020 back when rates and markets were. low. Oh, yeah. bought a house for 240. um and then when we sold it. in March, I only owed 210 and sold it.

for 350. Woo! And then Love it. Yeah, it was great. And then turned around and bought this. home. Um sticker price was 410. Was able to do. 20% down and then paid off like half of. our debt. Do you not understand the mistake you. made both times? Cuz it won't matter if. we pay this off. Do you not understand. it? This is what everyone struggles with cuz. I've had so many people that have paid. off debts on the show and then repeat. the cycle. Do you not understand?

Understand what? If you don't change the behavior before. you get out of debt. You took two. shortcuts. One was from a position of. equity from an investment that you. gained. That is good. Good job on that. one. The other one was a consolidation. That doesn't count. That's not a reward. That was not any progress. That's not an. accomplishment. But either way, you If. you don't. actually fix the behavior and the. emotions around finances and anything. that actually got you there in the first. place. If you go and take those. shortcuts, one earned one not, it.

doesn't matter either way. The debt gets. back. You never got out of debt by. earning and grinding it out. You had an. investment that paid off. Again, I'm not. against that as a whole. But you never. changed your behavior, got out of debt. by actually fixing your finances. So, if. we get If we get another shortcut that. gets us there again and pays it off for. a third time in 6 years, it won't matter. cuz you'll get there again. Yeah. And then to top it off with the house. With the house I have, so the house we. bought in 2020 was uh like just a DR.

Horton spec home. Like. Well, I actually don't know what that. So, DR Horton's the builder. Yeah, is it. just one of those like cheap. Spec home Spec home, you just pick your. lot and the floor plan, and then they. build whatever. Sure. Like you don't get to pick anything, no. colors, no floor plans or like. like a cheap builder? Mhm. Oh, okay. Very cheap. Yeah. And so, we vowed from when we sold that. home that we would never buy another DR. Horton home again. Why? It was bad? It's just. piss-poor quality. The builder didn't. give a. So, from frame to move-in was like 90. days.

Which is. Wow. It's ungodly fast. Oh, you still got a great incredible. equity position when you sold it, but. Yeah. So, then we had so many like. foundational problems and just all kinds. of problems with the house. Okay, foundation you can repair and get. a warranty around it though, but even. still, go ahead. Yeah. And but they're. like arguing with DR Horton to fix. anything, you'd have better luck arguing. with this wall. Yeah, cuz most new homes. have a year or two warranty or. something. And so, we sold that home, and then we're like, "We're never going. to buy a DR Horton home again.". Something tells me you bought a DR. Horton home.

Well, don't beat me to the punchline. Well, you keep setting it up. So, this. house that we bought was built in '09. back when, you know, people actually. what I thought gave a building. houses. Well, my wife. has changed? Okay. My wife going through. like I guess like the tax records of the. old home found that it was also built by. DR Horton. Uh-huh. And so, with that, we have now. discovered that they built this house. incorrectly. What's incorrectly? How do. you build an a house incorrectly? What. do you mean they built it. I wish I knew, but. it's been around for almost a couple.

decades. So, like what What is built. incorrectly? What are you talking about? So, the siding of my one of the siding. strips on my house has fallen off. because the wood in between the siding. and the frame of the house has rotted. away from water damage because they. didn't put correct flashing and caulking. and around where they were supposed to. So, now I have to have that fixed. And. that's one side. are ongoing expenses right now. Yeah. Ugh. So, I have to have I had a the guy. who works for the roofing company come.

out and inspect that one spot. And he's. like, "I can fix this now, but I'm more. afraid of like what else is wrong?" And. so, he's going Well, hold on. How detailed was your home inspection? I. know they don't necessarily always get. into walls, but you can really get some. deep looks. the exterior of the home looked fine. Looked. when we bought it. really have anyone go deep dive and. drill a little hole look anywhere. My my. I always go crazy. I pay a lot for my. inspections. My well, our inspection was 500 bucks, but it was our realtor's inspector and.

Usually they're okay, but that's like. general. Yeah, but like if you looked at. the outside of peeling apart the boards. which I don't think a normal inspector. would do, you wouldn't have seen it. anyways cuz it was intact and in good. shape when we bought it and then just. ironically enough after we bought it, it. fell apart. And so my inspector is going. to come back next week to look at like. the like he's going to pull apart some. of the siding and look to see the real. extent of the damage. to see if I have to have an insurance. claim or not.

Okay. Well, I hope so on that. Have you. gotten a quote of what this is going to. cost? He's working on. you already spent double what you make, so I don't know how you're going to. spend more. Yeah, so he's working on the. quote for just the quick fix which said. it should only be I say only, but. Is a quick fix smart? I don't think so. It just depends on the. extent of the damage. It just depends on the extent of the. rest of the house. So you spent double. what you make, most of it on credit. Mhm. Where do you think honestly honest. self-assessment I want to see where your.

brain is think you are zero to 10, zero. being the worst finances, 10 being the. best finances, where do you think you. are? Like a 1.5. Okay, thank you. If you want your Hammer. Financial Score, it's free, link in the. description below, see where you stand. Then if you want to come down here to. Austin, Texas, come hang out. It's fun. I'll I'll I'll yell at you, but then. you'll also become friends with our. really nice producers. And then I'll. yell at you. We'll have you out in. Austin, Texas. It'll be a good time. You. having fun so far? Yeah, I appreciate. you coming down. See, it's a good it's a. good time. Calebhammer.com/apply. Check it out. It's an easy drive. Oh, you came from Dallas. Sure.

I mean, people come from like. anywhere, but yeah. Nowhere else matters. other than Texas, so it's okay. Chase Amazon card. Is this an Amazon. addicted household? It's a shared account. So like That's why I'm asking how. Yeah, yeah. To answer your question, yeah. So me and my wife use the Amazon. card and then my parents use the Amazon. account. Why are you Well, they use the Amazon. account. Okay. Um but. Well, why? What? They're they're old, so.

maybe sometimes one of my purchases gets. on or one of their purchases gets on my. card, but it's really not a big deal. What do you mean it's not a big deal? Again, you spent double what you make, now we have a home repair that we. probably cannot afford cuz if insurance. doesn't cover it. So I think it kind of. does matter if old people are using our. money that we don't have. they do it on accident, they'll send me. the money for it. Okay. Well, that's not a huge issue then. I mean, I don't know. why they can't use their own account. just to be safe.

I mean, their card's on the account. Like they have their own cards and stuff. that they need to use on the account. Okay. Just feels like extra confusion and. hassle for the bank. in with the super cheap Amazon Prime. price cuz I got I've had Prime for since. Prime was a thing. I get I get it. Okay. $3,721.21. on here. $97 minimum to pay on. Not cheap. Not cheap. See again, here it is. This must be the. spending. $1,355.

on a card when you have kids to take. care of that. 11-year-old. What's your plan with. college? Do you not their plan, they. wouldn't know. Do you want to pay for. their college? You want them to have a. fund? Do you want anything to be done? If they're going to go to college, who. knows? What are your plans? What do you. want for their future? Cuz again. you only put the minimum monthly payment. towards it which at the time was $78, I think. And then $1,355. was spent on a card that is accruing. $60.78.

in interest. Interest! And you're not. even coming close to paying it off. Nope. You're not even coming close. It's not. even an objective here with your. behavior. So what are your plans with. these kids? Do you What do you want for. them? Because right now you're not. getting them anywhere except for good. luck once you push them out the house. Yeah. With the 11-year-old, she's. infatuated with animals. So she'll. For now, she's 11. yeah. So I mean. I'm asking what plans do you have to set. them up if you choose to Oh, there's.

there isn't one right now cuz we just. can't afford to make a plan. But that's you. That's your choice. Yeah. I mean, I like. What do you mean you can't afford? You. can. I mean, it's there somewhere, I'm sure. No, no, no, you can afford it. You are. choosing not to. What's your mortgage. payment? 3250. Oh. Yeah. Oh, for. Wait, why did you guys sell this and get. this That's. Oh.

Everything from. the definition of house poor. Maybe you. don't have the money. Oh. So you said 34? 3250. 3250 for. for. sake. Oh, it's 60%. That's not a joke, man. That's literal dangerous. Yeah. Scary. And you don't need to be doing. that in Dallas, that kind of percentage. Six and a quarter. Huh? My mortgage My interest rate is six.

and a quarter. Okay. It was better than what was out there. Sure, it's it's. 60% of your income. I don't give a what. the interest rate is. 60% of your. income, 60% of your income regardless of. what the interest rate is. It could be. 20, it could be zero. Actually, 20 would. be horrible, but either way either way. it's 60% of your income. Yeah. Man, that. is dangerous. That is I was kind of. joking at the beginning when I say, "Well, what are you going to do when you. come to your wife and say I can't afford. a house and now we have to move?" Now it. becomes real. Yeah. Now it becomes real,

man. Get hurt, you're done. Yeah, that's. the only thing I'm worried about. Yeah, and you're always going doing. something. And you're going to try to be. a professional sky diver next month or. something with how you do things. You're. on to the next thing every second of. every life. Everything has to be a side. hustle with a side hustle with a side. hustle. Yeah. Man. So I don't know. that's an insane. So. sake. You're right, you probably can't. afford. to set them up cuz.

if our needs are already at 60% without. anything other than the roof over our. head. gosh. Everything with my last house to this. house is doubled. Why did you guys sell. and move? We didn't We were out We have. We had outgrown our home. You're behind. on your. HOA? Oh, they're going to start. foreclosing foreclosing and get you. So what were you saying? That's only. because. What were you saying? Okay, so to go. back to the house Yes. So everything. with the house doubled because we We.

bought in 2020 and we owned a 4-2 1800. square foot and then we had our third. kid, so then we were at max capacity in. the house and there was just no room for. like all of us, the kids, and all their. stuff. There was room. Oh. You have everything you want, but come. on, people did eight kids in like 700. square feet like a hundred years ago. There was room. Yeah. And so we. sold and bought and then this house is. 3100 square foot. What? That was the only reason? That was. it? Needed more space.

You didn't need The word literal need. you did not need, you wanted. It was a need It was a needful want. I'm sure there were some annoyances. But people have done it since forever. You would have been okay. This is the. like classic American entitlement with. space. Which great if you can afford it. If you. can't, you did not need it. Mhm. To be. very clear. And now you've put your What was your. mortgage payment then? Uh 1850.

Dude. At 3%. You went from a relatively proper 30% of. your income. relatively. It could be a little high depending. Putting it down, so I'm okay with it. To 60%. I don't think you understand how bad. this is just looking at you. Oh, no, I do. It's just nervous. Okay. Yeah. Trust me, I Reminder, every.

single person that comes on this show is. not used to being in front of the. camera, so I get it. It's fine. It It It's one of those like It's always. Every day I think about it. Then why did. you do it? What's your square footage now? 3100. Oh, you did really go up. Okay. Everything doubled. What was the price. of the house you got now? 410. 20% down. How suburban? How far from core? Like 5 minutes. I'm still. Oh, you're right up into downtown. I'm. really inner city. Gosh, I can't.

because of Austin, I can't imagine. anything being close to town. Being less. than half a million, that's crazy. That's crazy talk. Not even a lot of. land here goes for like less than a. million. 5 minutes in downtown, that's. crazy. Okay. Wow, well good for you guys on that. part, but. It's very inner city. Everything. Anything and everything we would need is. a. 10-minute drive. No, that's great. Um. and your house is a 5-minute existence. from being taken from you.

Literally, if anything goes wrong. But. back to the HOA. You have savings, right? Not anymore. You don't know You don't The The. position you've put your kids in Mhm. It's not a joke. I'm not around. There. is nothing here. No entertainment factor. required in this thing. You don't know. the dangerous position you've put your. family in. This is scarier than you. could possibly imagine. It is irresponsible. Irresponsible,

scary, death, ruining your family, putting your kids through trauma cuz. they don't know. I grew up with seeing four corners or. notices a couple times on the house, okay? Luckily, they were able to beat. through it. That stick with me stuck. with me and one of the reasons why I. care about being good with finances. today. But, take that the wrong way or make it get. worse or if they take it the wrong way. or you have it worse than my parents did. and you don't make it through because. you've already pushed yourself to like. basically the human limit, let's be.

honest, you're going to them up. Yeah. You're going to ruin them. Then they're. going to go from that to a four four. five six 700 square foot apartment and. then if you think you didn't have enough. space before, then you will and that's. all because of your consequences because. you thought you needed something that. you've actually put yourself into a. position. Now you don't have savings and. you're behind on your HOA. Yeah, tell me. about the HOA. 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. CalebHammer.com or click the link in the.

description below. You will not regret. this. This is crazy, man. They changed billing companies and. didn't have No, no, no, no, no, no. They. didn't have our phone number or our. email and so we never were told that it. changed. your mailing address. They never mailed us a letter. The HOA. always mails. They're obsessed with. mailing. Okay. So I went up cuz I went. up to the office yesterday. um and told them cuz I knew that we were. What are you behind? Huh? What are you. behind? The due is. 580. For how long is that? Is it the annual,

quarterly? Uh What's your monthly cost? Semi semi-annually. So it's it's 1,100 a. year. You don't have that. Nope. You ready for a lien? Nope. People can lose their houses from HOAs. You're going to lose your house in two. ways, mortgage and HOA. Yep. That's. really taking care of your family, guy. Yeah, we're stretched beyond thin. No, you're spending like a. Yeah. I mean my my spending's been. really drastically out of hand lately.

Why when things are worse than ever? I. I wish I knew. That's not an answer. Come on, why do you think? I want to see. self self report here. I want to sell. some see some self realization. Why do. you you think so I can at least see. where your mindset is today. I think it's just pure laziness. A lot. of a lot of the stuff we spend money on. is food, like going out. Oh man, really? Going going out is killer for us cuz. me see. There's five. $768 going out to eat. You could have.

You could I thought it'd be a lot more, honestly. Trust me, there's other. categories. There are other categories. But $768, first of all, that's it. compared to your income, come on. 700. 768 and then a five five. hundred. Come on. I mean you spend 14%. going out to eat, that's already insane. Okay. Right? If we're maxing our needs out at. 50%, you're already at 60% but we're. spending 14 15% going out to eat. Come. on. That could have paid for your back. HOA and now you're not willing to do it. and you're willing to get a lien.

I'm not willing to get a lien. But. But you are. You literally are through. your numbers because you spent the money. on fast food or eating out or whatever. that could have gone to that. So yes, you are. You are willing to get a lien. Don't with me. You are. Your. numbers say so. And I actually do have rage behind this. I know you haven't done anything to piss. me off but I have rage behind this. because your children are going to be. impacted more than you know and that.

pisses me off cuz they have no say in. this. Right. Let's see. Can I see the. interest accruing on these cards? I. think I already said the numbers. Let's. see. Are you kidding me? Every line is. highlighted. Every damn line is. highlighted. That means it's all bull. These don't matter. And no, this wasn't. going out to eat. It's mostly Amazon cuz. it's the Amazon card. Let me see your. Amazon account. Go ahead, pull it up. And also some boardroom. These statements are hard to read. Blizzard, Sonic, Amazon, Golden Chicken, Amazon, Joy Donuts,

something video games. Come on. the Amazon account or the card? I want. to see the Amazon account. I want to see. the things that were actually being. purchased. And can you start a screen. recording for us? Can't record screen due to security. policy. An Android. Piece of. A lot of a lot of the purchases on here. from my parents. So it's it's cuz like I. said, it's the same account. Well, I don't know what's what but I'm. telling you there's a million bajillion. Amazon purchases on there. Right, I know but. tell me as I call them out, okay?

I don't even know what any of this stuff. is. They all look like bull little. little things that you get from late. night television ads. The thing at the. top and then the following one. Nope. Oh, of where I was. Okay. Yeah, yeah. So the thing at the top and. then the following one, those are for. me. So the top one is for my rifle and. the one below it is for a flight. Rifle your rifle. You can't afford your. mortgage. You're not going to shoot the bankers. when they come. You're right, I'm not. Yeah. So I don't think we need to be dealing. with that.

If you can't afford your mortgage, is. your hobby really more important than. your kids' life? No. Be a man. What is like a wooden or something? I'm. hoping that's not for grandma. That's my parents. What are all these sudden What are all. these like Oh, these are dog toys. I was. wondering why there's like gorilla. things and just it's weird. Yeah, so Oh, okay. Our our dog dogs. Our our dog. Your dogs? Why do we need one, two, three, four, five toys when you can't. afford your mortgage? In fact, there is. two pack, three pack. So this is like 10.

toys. 10 toys but the dogs aren't going. to have a house to live in. Thank. goodness. But guys, they have toys. They. have toys when they live in a corner in. the middle of nowhere because they get. kicked out of their house. Cuz they chew on around the house so my. wife bought them those toys. Which is. fair but get two or three and redirect. that's. You work on training. And that's my own fault because she. asked me. She said I put all these dog. toys out and said which ones do you. want? I said I don't care, just buy. them. And so she bought all of them. Glass. cleaner, leather cleaner.

of those are The glass cleaner. gosh, we have like the classic white mom. things with these candles and the the. wine glasses with I'm fabulous written. on them. That's my mom. Come on. So then there's. like a chemical right there, that's. mine. The bike my parents bought, my. son. A lot of that a lot of that is my. parents. Which is fine but I saw your Amazon. purchases. We had over a thousand. dollars, wasn't it? Yeah. Wasn't it? So. Did you really need the camouflage JBL.

Clip 3 waterproof speaker? I didn't buy it. Who would buy that? Is. grandma buying camouflage speakers? You're the rifle guy. Probably my sister. Why is your sister on here, too? What is. this? This is like pure Amazon incest. It's the It's the family Amazon account. Family and but it gets confusing, doesn't it? You don't know where. purchases are. You got confused. Wrist and the watch things and music. stands and more dog bowls and. child cuz she's in orchestra. A million. million billion trillion pairs of.

underwear. You're not going to The fact. The sad thing is often times music. programs as she continues to advance, sometimes there's a little like, "Hey, gosh, I can't cross. We might need some. money for these extracurricular things.". You're going to send them to states. You're going to send them to locals. You're going to do a lot of different. things that cost money to participate in. and they're going to want to participate. cuz they're not. horrible. Hopefully, maybe. I don't. know. If they're practicing, we'll see. But guess what? You're not going to be. able to afford to send them there with. the way you're doing it. Well, right now. with her school program, um she gets reduced fees.

They're still. No, they're still there but they're not. So like her instrument usage fee is like. 120 bucks. Instrument usage? only had to pay like 40. You rent it. Had to. I'm not spending. $3,000 on it. Of course, absolutely. on whatever she's. playing. It well it really depends on. the school. Some schools, they have an. instrument. We're in a Sounds like not. popular. school district so they have instruments. to let us rent. The school rents them? No, we rent them from the school. Yeah, to you. Okay. Yeah, yeah. This is different than the. school district I came from. a one-time fee. It's not like a monthly.

fee or anything. Okay, now we have a. platinum card. That card, by the way. No, you you're. spending on it. What What do you mean? Well, there's I have two Amexes. One of them should be dormant, one of. them should have something on it. Uh. this is platinum. Okay, 1,142. with a $40 minimum monthly payment. That. one has a balance but I don't use it. New pay over time charges, interest, and. new charges. You your line. I don't know. what the you're talking about. There's new charges on both things. I don't.

I don't give a This is your most recent. statement. Unless someone else in the. house is using it cuz everyone shares. everything. We're. getting grandma wooden and everything so. it's just like. Oh, I see. My. What is this one? Oh. Oh. Oh. I thought so I I have YouTube TV. with RedZone and I thought it was on a. different card. Oh, that's not that. that's not cheap. No. The RedZone thing? No. But I keep it during football season.

and then when football season is over, YouTube. Bad news, it's football season. Bad. news, it's foreclosure season. Not yet. Still got six more weeks. Audiobooks. That comes with the card and they. they're supposed to take it off. Cuz like with the. have a credit for it, but I am sure it. happens somewhere. platinum it's got a. know, but it's not there. Okay. Uh uh and then some Walmart. charges and then yes, there's your. little red zone.

Well, buddy, you're having $26 of. interest accruing there and then 20. And then okay, yeah, 2673 of interest. accruing. So, it's interest on two cards. and we're still putting money on a card. that we can't pay off that is accruing. interest. Oh, sorry. Total interest on this card. cuz you got another 20 No, no, no, yeah, yeah, sorry. Okay, fees this year so far $775. That. must be Okay, that's. $345. interest this year so far on this card. alone. Is this still the platinum?

I just don't know why you're accepting. this. You're not a credit card person. God, use the Fizz card, debit card that. accrues, still builds credit. But at least you can't spend more than's. in your bank account. Just don't know. why you set yourself up for this. It's. so funny. It's fun. Watching all my money. Such a little. Are we cope joking? Yes. Cuz I I'm. really good at that. Uh. Okay. Best Buy. That's my wife's laptop and Microsoft.

Office stuff. So, it's. There's interest being charged and not. even 0% financing. It should be 0%. Guess what? It's not. What How do you not look Do you not. look? Do you guys not look at. statements? What is you and your wife's. relationship with money in the household. and understanding where things go? Do we. not at least understand where things go? Do you guys sit down and look at. statements? Look at the household. budget. Look at where money's happening. I don't look at the statements. I just. pay the bill cuz I was told it was 0%. when I got the card. was until a certain period of time. It's not that old.

It's supposed to be 0% for a year. It. may have been 6 months. I don't know. Well, that's fair. Come on. Come on. I did miss one payment because I think. that's one of the. one of the few cards that's due like. So, now we're way behind on HOA and. house and now we're missing Best Buy. But I caught up. Our lowest balance card by the way so. far. Lowest balance. I caught up the. payment. Well, thanks, but you missed it here, so. I don't care. Cuz it it's one of those weird cards. that do like the first or second day of.

the month, which is odd. The rest of my. cards. you just have auto pay? Auto pay. Sure, auto pay, but have an interest in. case you up and you up and. then you owe a. fee. I The reason I don't So, auto pay for. you. You're not responsible. You're not. an adult. You're a 29-year-old baby. Come on. But I don't like auto pay because I like. to physically pay my bills. Great, but have auto pay set up just in. case you forget to. Doesn't auto pay. still take it out if you pay it? Huh? Like if you pay the bill, but like.

say you pay. They set it up on a certain way. You. have statement balance pay off you have, which is automatic pay for the minimum. payment due. If you have it on the. minimum monthly due and you're already. making a payment that is covering the. minimum of the payment due, you likely. won't have to cover that. If you have a. statement balance due, it's probably. it'll probably take the full statement. balance. There's a lot of different ways. you can set it up. Some things are card. dependent. Just take a look at it. instead of paying $30. Why pay $30 to. have access to this card for a month? That's what you just did. Right, but if. my Say my bill is due on the. So, like if my bill is due on the 10th, but I pay it on the 1st, but auto pay is.

going to ding on the 10th, am I paying. that card twice? I don't think so. See, that's what I don't know. That's why I. don't do auto pay. With that card, I don't Yeah, you. haven't looked. Cuz I don't like auto. pay. Scares me. You like $30 fee. One time. Huh? It's a one-time fee. Yeah, it's. $30. And also, why not just look to see. if it would? Cuz all it says is auto pay. yes or no. And then Yes, but then see if. it does. But then I can't $30 back. little. Like an actual.

Yeah. You're a wimpy little crybaby. when it comes to money. Well, yeah. You're scared of an auto pay? Yeah. you. It messes with my OCD. I like to. control what I pay. Great. Yeah, that worked. Really well. Just one time. Listen, that's not true. You've had $101 in fees this year so. far. It's happened three to four times. On that one You See, he doesn't even. know. Do you not see the issue here? Do you. not see the problem with what you're. saying? You didn't even know. It.

happened one time. Oh, no, it didn't. happen three or four times. Oh, it. happened more. Like you don't know. So, set up. auto pay. Use the lovely thing called. Google. It's really cool and find out if. a. Let's get straight to the point. If. you're paying more each month on your. mortgage than you'd like or have a. reason for change, it may be time to. consider refinancing. Luckily, money.com. has put together a list of its best. options that could be a game changer for.

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all straightforward. No jargon, no. endless browsing. Just a simple, clear. path to find a better mortgage. situation. So, if you're considering. refinancing, check out best options at. money.com at the link in the description. today. It can seriously be a financial. game changer. This is a paid endorsement. sponsored by money.com, which is. compensated by its marketing partners. Shouldn't have balances anyway. Again, you're not a credit card person. Nope. So, that should shouldn't even be. a part of the conversation. $137 of. interest is being accrued and yes, we. have the interest rate right there of. the 30.99%.

I don't know when your interest rate. period ended because we are obviously. past that. Lovely. Deferred interest, I mean there's a. 6-month option and that's probably what. you had. There's a lot of options, 36, 24, 18, 12, 6. I'm sure your interest is. so they wouldn't want you to have that. longer one. I didn't know I could pick. I thought it was just you get 0%. No, they probably gave you the option of. 6 months cuz they wouldn't trust you to. have it longer. Cuz your credit's. probably What's your credit? 690. I'm surprised. Cuz I have a ginormous.

available credit. Yeah, yeah, actually your limits are. kind of high, but you just still hold. balances. Yeah. My credit was 100 points. higher a couple years ago. I'm sure it was. But then dummy me, I see my giant credit. score cuz I've always wanted to try to. get to 800. I'm like, oh, cool, I have a. 750 or like a 755. Let me go get like. what I would consider like an elite. card. An elite card? Why? Why is it a. status thing? I don't know. I wish I knew, but it's. like in the back of my mind, it's like I. want this really bad card. Card? It's a.

card. I don't understand why people care. about it. I really don't. I just get whatever is best for the. points that live with my lifestyle. Yeah. Other than that, who gives a. Who gives a. Yeah. So, then I get these nice shiny. cards and then you get a dopamine hit. when you spend on it and then it just. poof, there it goes. Oh, okay, it was self-admitted. That's. great. Then you can't use cards. No. Okay, just envelope system yourself. There you go. You just I mean you just.

said it. What does that even mean? Yeah, put the money that are in each. categories of spending after you figure. out a budget. Go through our budgeting. class. Go through our investing class. Go through our debt class. Go through. all them with your wife, please. Um not the 11-year-old, not yet, but you. know, let them have it eventually. Go. through them. Take the quizzes. Learn. You get them for free. They're all. bundled together for 15% off. Literally, over 10,000 people have taken them and. actually changed their life. We've heard. from them. Take it for free. Once you. learn that budget, you learn what goes. into each category, then take dollars. and put them in the envelope. Once that.

category's dollars have been fully. spent, you cannot spend in that category. anymore. You're forcing yourself. You're. not getting the dopamine hit of the. swipe or the chip or the tap. Like physical dollars or just like. numbers on a computer. Yeah, physical. With physical cash? Yeah, that's when you're starting from. baby mode cuz you are in baby mode cuz. you're a little child, okay? Okay. You. have no ability to manage your money to. save your life. I can manage it. It just. manages. no, no, no, no, no. It just manages. away. Huh? Okay.

manages itself away. Ha ha ha, yes, okay. Yes. Little humors, sure. So, you. start with that to train yourself and. then you can transition to more of a. digital wallet and things like that. But. you have self-admitted that you get that. dopamine rush you not every time you. swipe a card and I need you to manage. that, okay? So, then how do I You need to have an. endless goon session instead of the ends. instant ending constant. So, then how do I pay a bill if I'm. mailing? Like do I mail the cash to the.

credit card company? I see what you're saying. Yeah, some. things aren't going to have to be. digital, but we can still What I would. do is essentially um. um a good way to do that could be having. that proper money necessary for that. bill set aside maybe in an envelope and. then whoop, we deposit it. Cool. Now you. know that bill is taken care of, but. we're still not spending digitally, okay? Okay. I got you. Cuz I was thinking, how am I. going to mail 18 envelopes a month? That. That's insane. No, no, no, I'm not I'm. not suggesting mailing money.

Definitely not. Cuz that's always a. great idea. Oh, yeah. service is so great. Mhm. Okay, this one. This one seems 0% or at $1,179.25. with a $35 minimum to payment. I didn't. get that Best Buy minimum. The Best Buy minimum is 51. These are. starting to stack for someone that only. has 40% of their income left after their. housing. That's not including utilities, internet, or anything like that. Okay. Purchasing. We're still purchasing. It.

is 0%, but it still takes 6 years to pay. off doing the minimums without adding. anything more and you endlessly add. So, again, Oh. I wrote your previous balance. Damn it. Your current balance is $1,366.85. This one is primarily for gas cuz it's. Okay, fantastic. But, you're putting it. on a card that is a 0% but guess what? You thought your Best Buy was at 0%. So, do you know in this sense? Tell me, please. Didn't know that one was at 0%. Like I said, I don't look at the.

statements. I just pay the bill. You're. paying the minimum but you're allowing. interest to accrue. So, you like. thousands of dollars being taken away. from your wallet? Your hard-earned money. that you're actually working hard to. earn. No, I just when I put myself in. the situation I'm in the only thing I. can do is the minimum payment. I know. So, we stop spending on here. We. already saw that first statement. It was. bull. It was all Amazon dumb things and we. went through and it was There was. nothing that was a real true necessity. There has been interest this year so.

far. Wait, okay. So, why is interest. Yeah, we have something You have a. You've got back into a promotional APR. I. When do you think it ends? So, you So, you don't even know it's I didn't even. know it was a 0% or whatever. Oh, congratulations. It ends in less than a. month. It ends in 3 weeks. So, and then. it's going to be at 27.74% interest, okay? $70 of fees this year so far. I'm. sure you've had late fees. Probably about two. Probably. Because. you don't know anything about your money. cuz you've never looked at the statement. in your life. Please go through our. debt and budgeting program. Please, for.

sake. You probably Someone inquired probably. to get onto a promotional. Please, help. us. We're drowning promotional thing. Or. someone at the bank was like or Bank of. America. He's an American. He has an. American flag right there. I love him. Let's give him a little My wife actually. told me to get that card cuz she has the. same one. Are you guys separate finances? So, we have a combo like me and her have. a joint account and then she has her own. checking account. We We separated that years ago because I.

spend all our money. Oh, you're the just. You're the You're the man, baby. I'm the. spender. baby. She's the typical like my kids. need all of this. I'll spend hundreds of. dollars on the kids but my I'm walking. out of my shoes. I'm not going to buy. myself new shoes. Me, I'm like, okay, I'll spend all the. money on the kids and I find a new. shoes, I'll just go buy them. Okay, we're obviously going to have to make. more money to get out of this situation. What do you want to do? Do you want to. do 80-hour paramedic for the rest of. your life? No, I actually want to. completely change fields cuz What do you.

want to do? I well, so that's what I've. been pondering for a good Give me Do you. have a few? I have two. Yeah, and I've. got kind of like set paths. So, for one. path it stays in the medical field, I. want to go be a CRNA. Okay. But, that. takes. four, five, six, nine years. Seven to. nine years. CRNA? Cuz I don't have No, no, no. Um Yeah, yeah. CRNA. It's um. basically an anesthetist with surgical. capabilities and starting pay fresh out. of college, no experience or Yeah, fresh.

out of school, no experience How would. you go about to manage your mortgage. with a 9 year. That's where the problem comes in. That's a problem. What's the second? That one takes 7 to 9 years cuz I don't. have a I don't have a degree. I just. have trade schools. Yeah. So, then. aspect number two, I want to go be a. criminal defense attorney. For sake. Do you have anything. that takes less than 9 years? No. Again, this mortgage situation. You're going to put yourself in a small. apartment to be able to afford these. things. That's where the big problem. comes in of me not being able to go back. to school. So, I can circumvent some of.

the schooling with. um my wife is getting her degree. and she's using. What in what? Healthcare business administration but. she's going online. Okay. You Cut that. Oh, oh. Cut the school. name? Yeah. Okay, that's fine. Um I. mean, that's where everyone goes online. for everything. what I can do is um. partners with Sophia and Sophia you. basically pay. a fee or monthly subscription. You can. take as many classes as you want and all. you do is you can shortcut these.

classes. So, you take a test. If you. pass the test, you get credit for the. for the class. The full credit like a. 3-hour credit if you pass. Stop saying the name. We have to bleep. it every time. A nerd. And then. Why just don't know I don't want people. to know that's where she goes to school. I know but you keep saying it. So, even. if I don't want Stop saying it! Keep. talking. Okay. So, then Sophia is accredited with a. another online school that accepts these. credits that you can. fast track your degree.

this. How much is this? So, Sophia is. like $90 a month and you can take as. many classes as you want and then the. online school you pay. But, you can't get through your masters. and stuff like that either way. No, you. don't have to go to a real college but I. can cut out 2 years of bachelors. Yeah, yeah. 2 years of bachelors? Two-ish. If. I If I go. like the gen eds? No, no. You can get a. 4-year degree from this online school. So, like if I. school but through Sophia? It's both. I don't know much about the. Sophia thing. I've never heard of. Right. So, you piggyback the both of. them. So, you do as much as you can at.

Sophia to transfer to the online school. and then you finish your degree with. online school. Is there any people that. have been through this in the uh Who's. in the audience? I would love to hear. your thoughts on that. I I've never. heard of Sophia. I know the school she's. going to. Yeah. So, then the school is. an accredited university. Okay. So, then. I can cut out years on my bachelors and. then if I want to go to the lawyer. route, it's an accredited school and. then to get it to law school, I apply. and pass and then if I get into law. school If I get into law school, then. that's 3 to 4 years. 3 to 4 years of. having to pay for those mortgages that's.

already 40 60% of your income. So, then. the problem is We Law school Law. school's full time. It's either four or. five days a week. Obviously, No, the. problem is that you got That's not the. School isn't the problem. Law school. isn't the problem. That's Those future. goals aren't the problem. The thing is. you've set yourself up for an expensive. lifestyle that you can't afford if you. want to do anything but grind forever. Right. That's the problem. You are miss. Again, and this is actually worrying. that you are naming the wrong problem. You don't understand that what you did. that got you here is the actual problem.

because that just means that you're. going to end up here again post school. You're going to lifestyle inflate. yourself to If you guys are making like. 150, 300,000 hours a year as a household. income, you're still going to have your. household mortgage be like 60% to have. this castle cuz you need more space. I. need two movie rooms or whatever. Like. that's how you will do it if you did not. learn from this mistake just like when. you consolidated your debt and you sold. your house and you used the equity. position that you made money on and you.

just built your debt right back up. again. The fact that you do not know the. actual problem is dangerous and scary. I guess it doesn't help you. If any of. your If your wife um. I guess I can't gift you. I I could gift. you a course gift certificate. This is. It It has nothing to do with what you're. doing. It is 25% off uh Ersh No, it's. Black Friday. Whatever Black Friday, I. think it's 25% off for all their. certifications for those interested in. the audience, by the way, but.

If there was anything we can provide to. you. on that education front, we definitely. will though. All right. So, save your one Capital. One. Oh, this balance is thick, dude. It. never away. Thick. You're Well, cuz you. spend on it like a dumbass. You spent. more than you paid towards it. What do. you mean it never goes away? Are you. Come on. You're a little victim. You did. this. I know. It just It's not It never goes away. You. don't allow it to go to way. You want it. to be there cuz you allow it to be there. cuz you have a leash around it.

I think it has a leash around No, you. spend on it. It doesn't. It has a hold. of me. It's like I'm not going anywhere. By your actions. I think we have a leash on each other. Sure, it's some kinky thing. Whatever. $7,619.74. An insane balance for. and all these upper absolutely wild for. your life. For the income that is. happening and this $250 minimum payment, I do not know how this is all going to.

fit, man. I do not know. $414 of. purchases but you only made the minimum. payment the month before that. What the. Again, we are doing this on a card that. is accruing $174.09. in interest on a monthly basis. You. don't know that cuz you don't look at. the statement. You just want to make. sure you can make your minimum payments. I'm not sure if we have late fees. everywhere throughout here on these. cards because again, you're late on all. your payments. Like you're late on the. HOA. You can't afford to pay that. We. have no savings. Curious to hear about. why here in a second cuz you said you.

had to Not anymore. That means. something. So, I'm just not surprised to see We've had. late So, let's see. Do we have fees? There we go. We've had a late fee this. year so far. There it is. I see I knew. it. I didn't even see that when I was. going through here and scanning what I. was looking at today, okay? Cuz this is. crazy because you stretch yourself. beyond where you can go to. So, making. sure you say you don't know the. interest. You don't know what's being. spent on here. You don't know the money. as long as you can make your minimum. payments. But, through all these cards, you have missed minimum monthly. payments. So, that's not even true.

Your logic of I just make sure I have. enough to make minimum payments isn't. true. cuz you miss them. Disney Plus, Hulu, Netflix, subscriptions I promise you don't need. If the little kids need to watch. something, put them on this free app. It's great. And. And it's some utilities and Walmart $24, who knows? And then donations to a. church, I think.

Okay. So, the thing we bleeped, it was a. sports restaurant that you went to for. $70. It's five kids That's five of us going. can't go out to eat, you dumb You're. going to lose the house. Sorry. The only reason I'm angry and I We got. Again, it's the kids. It's the kids. No, yeah. Get off your four seat and they go. through what is going to be traumatic in. their life and you don't. care. Had a $1,500 lost this year so far in. interest on just this card. One card.

It's a lot. Good cope smile, dude. It's there. You're going to get through. this with that. Of course we've missed payments. Huh? It's better than crying. No, it's not. Crying's a real emotion. instead of trying to laugh your way. through the. It's not a joke. It's real. Kids are going to be crying when they're. forced to leave their house cuz of you. 27.74%. interest rate. This just keeps going. What are we on? Fiasco 2.0?

City Costco card. That one's going to be. a have That one's going to have a high. spendature. Oh, no, it has a high. balance, too. 7,000. Why? Two $7,000. cards and your income is insane. That one has the move on it, which the. movers. me royally. Oh, sure. Everything's everyone else's. fault, according to you. What? What did. you get I owe I owe. them a lot of money. They quoted me $1,500 to move from one.

house to the other, which was not far in. distance. And then when they moved me in. after they broke a bunch of my charged. me $3,200. Okay, one, did you get the insurance. through them? There's oftentimes. insurance you can get through them. They. didn't offer it. Okay, then we don't use those movers cuz. every mover offers insurance. That's. usually how they make extra money, but. they up. Great. Number two, they. probably charged you per per hour and. quoted what they thought it would take. and it ended up being twice as long. They quoted me for 6 hours. They were 2. hours late.

How many men? Did they quote you for versus how many. showed up? me for two trucks. How many people though? Five. Five or So you don't even know, man. It was five or six. And then they quoted me for two trucks. for 6 hours and it took two trucks and 7. hours, but they were so they were 2. hours late, so it was like time shift. just moved over. Okay. Why didn't you dispute the charge, son? And. I've never disputed a charge before and. when I disputed it with them, I didn't. know you only get one like paragraph to. put like one opportunity to say, this is.

why I don't like this charge and they. the Citibank denied it. They denied the. dispute. What do you mean you only get one? Did. you put in the. reason? Yeah, yeah. So. Then what does it matter that you only. had one chance to explain? I thought you got to do like, this is a. summary of what happened. Okay, we're. going to contact you and then I can. further explain like So your summary was. lacking? I would yeah. Well, you. shouldn't have done that regardless. Why. would you want to have a lacking summary. for something so expensive? Cuz I thought they were going to come. back to me. why, but why have a lacking summary.

regardless? Cuz they had a 500 character limit. And I couldn't put I don't know. What. the basic you told me was less than 500. The. Hey, they charged us twice as much as. they said they were going to and they. broke all our stuff and didn't offer us. insurance. But I wanted to have like I had like. timestamps and line items and pictures. you. I get you. Okay, that's That is. good. That's what I was hoping that they would. come back and say, can you explain it? Did you call them? No. You haven't even called them. Then I. have no sympathy. Cuz I thought. You haven't even typed in a number to.

call. I have no sympathy. the dispute is closed and done with. I get it, but you haven't even tried to. call. You never know what can happen, man. You didn't even put the effort. Come on. And banks are usually pretty darn good. about if you're disputing and they think. there's any anything sus going on. working, but I don't know, man. It just. sounds like you probably didn't know. what you're signing up for. Do you think. I could still call? I mean this is back. in May. It's Everything's worth a try. That's fair. Yeah, cuz I still don't believe you knew.

what you were even doing. Well, I mean I knew I was signing up for. movers, but when they hit me with the. price, I was like that's insane. And so. to get Honestly, for that many people, that many trucks, I don't know if it is. insane for that much time. When I've done moving, I do two people, one truck typically. I Actually, I did. three people the last time. It cost me. five, six hundred dollars and it was. just for a couple hours. So 6 hours, two. trucks, six guys, 7 hours. I'm not. really surprised. Cuz a couple the other.

companies I had quoted me was. there's one bigger company that they. were going to send four guys with two. trucks and it was going to be like nine. grand. Yeah, moving's expensive, dude, if you. don't do it yourself. Absolutely. Okay, you made your a little more than the. minimum monthly payment, but it doesn't. matter cuz you purchased $1,787. had to put new tires on my wife's car. And it was tire sensors was like $1,500. and then. Guess what? You're going to have to do. tires again at some point for any car.

You also can't afford bills, so. you're really. like. Well, your spending on going out to eat. and stuff is few if we know we have to. get tires, we can't afford to get tires, we have to put it on something that's. accruing interest. We probably can't go. out to eat. Well, who would have. thought? $88.41 of interest is accruing. So Costco did the tires? Yes. And then. there's also Costco spending, Costco. spending and Dream Sleep Machine. That was I went to. That's I went to a sleep doctor to try.

and get a sleep study. You have sleep problems? My wife says I. I don't My wife says I snore and stop. breathing in the middle of the night. Oh. I sleep just fine. Oh, that you stop breathing heavy. Oh, so this is like a sleep apnea test. Yeah, so. Oh, okay, that's good. That's good. I couldn't get the sleep apnea test and. that charge is also because. No, no, it's. not like as in I I I paid it, but I. talked to a doctor for 3 seconds and he. goes, "Do you have problem Do you have. trouble sleeping?". Welcome to health care. Yeah, yeah, it sucks. He was like, "Do. you have trouble sleeping?" I was like, "No, I sleep just fine. My wife says I I. snore and stop breathing." He's like,

"Okay, well you fill out your. assessment, get get scheduled for a. sleep study, goodbye." Okay, yeah. That was the hundred whatever that. charge is. So then the lady comes in and. she's like, "Hey, your insurance is. going to be $600 a night for a sleep. study." And I said, "No, thank you.". Walked out. Uh Well, the fact is is with your income. and with your life and with the. dependents you have, you probably should. do it and you probably could afford it. if you weren't dumb with your house, if. you don't weren't dumb with your. spending cuz this is actually something. I would say you should do. I'm not paying $600 a night for a sleep.

I get that. You can't. You spend more than that going out to. eat, so great. So but you could die. And then and then what? Do you have life. insurance, please? Yeah. I actually Because you're going to. be stupid and get yourself killed by not. taking care of yourself cuz you're. putting food, $70 at a restaurant over. you being able to survive the night. Buddy, your priorities are whack. You're. so stupid. For my life insurance I up I went above.

like the auto accepted minimum. It's up. to. Good cuz you're dead. Your priorities. are whack, man. You're just acting like. a dumbass. I wouldn't be surprised. Oh, Chrysler. Oh, for. What? What am I looking at? My car. 0% though? It's a lease. Oh, okay. Well, then all that really. just baked in. A $712 minimum monthly. payment? Oh, Oh, Is this going to be possible?

Oh, It's been possible. No, your debt's going Buddy, you spent. more than double what you make cuz you. put your spending on credit cards that. are just going up and you luckily have. credit high credit limits allowing you. to do this. You think it's possible cuz. you've been able to do that so far, but. you're going to hit the credit limits. and then you're. This purchase wasn't my fault. I got. salesman. Oh, you stop being a It happened. I went there for one thing. Shut the up. That's going to piss me. off. How do you have no responsibility. in this world? Are you a damn child in.

every. instance? That is going to rage me. What? What? I went for a different. vehicle, a used vehicle, half literally. half the price. Uh-huh. And I got. salesman'd out of it and Uh-huh. I was. like, this is a piece of Uh-huh. going to like it. This is not going. for yourself or acting like an adult. Uh-huh. And so I went with something. else and I got. Oh, crazy story, dude. Great. Yeah, it was fun. Baby.

Stupid. Stupid. Cuz 700 I don't like. a. two parts of my rage here. I have to. explain my rage cuz the audience doesn't. understand it when I get in the car. This is. That's also just parasocial and weird, but whatever. Okay. So, my rage. What is it? One, I got. salesman'd. Of course, it's not your. fault. Everything's out of your control. Two, I don't know what What are we going to.

do, man? This $712 has to have pushed us. to our limit. If we incorporate whatever. expenses in your life, including food. for the family, it has to have pushed you to your limit. And I don't know what to do. I'm scared to find out where this ends. Where are we? Okay, what's your term on this and where. are you in that term? in February, this coming February. Oh, thank goodness. Thank goodness. It's the. only bright spot cuz you're not going to. buy it. No, no. You are going to go get.

a $10,000 car max and you're not going. to get salesman'd cuz you don't know how. to advocate for yourself. That's going to be it, okay? Are you. creating videos as a full-time creator? It's a grind between scripting, editing, and oh, all those endless little tweaks. And sometimes it feels like taquitos. would be honestly a better career. choice, but that's where today's sponsor. InVideo AI comes in. With over 10. million users across 150 countries, InVideo AI is the world's most used AI.

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sometimes you can get yourself in a. position if you get too cheap of a car. and you have to put more money into it. than it's even worth. I'm not saying do. it that. You should get a $10,000 car. and make sure you get it taken to a. mechanic. Make sure the mechanic gives. you the thumbs up that it's going to. last a few years without you pumping a. lot of money into it without you. being in a dangerous situation, okay? Physically and financially. Uh so, February. problem I'm going to run into with the. lease is my miles. What? You know that it's like. Yes, and stop asking what.

cap is 45k and. I'm currently at 49. What's the. 25 cents is a mile, I think. That's like the standard. So, you're. going to be at what? 50. 51? Give or take a thousand. Let's call it 50. Let's call it. Let's call it 52.5 to be safe. Huh? 5,250? No, no, no. Oh. Miles, 52,500 on the car when I turn it in. What? 52,000? Yeah.

My round trip to work alone is like 30. miles. And how much was your you were. allowed to do? 15k a year, so 45 total. So, it's like 7,200 a month. Yeah, 7,500. So, and the charge per. mile? 25 cents. Wait, wait, why can I. not do that math? Wait, what what How do you do that math? Uh. Try Oh, wait, wait, wait. Okay, I can do. that. And then wait, wait, wait, wait. I. got it. I got it. I got it. So, you're going to have to owe $1,875.

Just in mileage. Just in mileage cuz they're going to. come Is there damage or anything? There's a car There's a couple chips in. the windshield. They've been patched, but I mean they're going to charge me. for it. And a new windshield is anywhere. between five and six hundred bucks. I'm not saying I want you to, but you. might be able to roll this over into The. thing that do with that is you're forced. to get it with that dealership which is. dramatically limiting your options for. getting the best car out of the $10,000. You might be able to roll it over. I'm. hoping there's some luck there, but. $1,875. Technically, we could be able to do this. if you didn't do stupid with your house.

if you didn't do stupid with your. spending. For sake. Yeah. Okay, I'm going to make a note for that, I guess. The other option I had thought of was. because my wife worked from home now. that Your wife works She has a job. Yeah, we're dual income. Okay, how much does she make? 52. So. A year? Yeah. Why is her account She's. salaried. Hold on. But is there also more expenses. and debt that she has that I don't have. here? No, so I have to give her some of the.

bills every now and. Well, hold on, but the household income. is more than 5,500 a month. Yeah. Why. the did you not tell me this? What comes. in. You asked for my income. What comes in for her account? Take home. is 2,400. A month? A month. Okay. Cuz she pays all She pays all the. insurance and stuff. Yeah, it helps. It. helps. Well, well, then what I need to know the. Do you know those amounts for the bills. she takes care of, too? It's whatever I tell her to pay. Usually, it's utility bills. No, for everything she does like. insurance and everything do She pays.

450 for health insurance. Oh, before. before her money hits. Yeah, yeah. Oh, okay. I thought you. meant like car insurance and stuff. No, no, no, no, no. I I have the car. insurance. Okay, okay. So, the Chrysler Okay, so. $712 a month. Okay. But back to the car. So, and I'm sure this is a bad idea, but to. avoid like lease fees and all that. if I turn it in so. um CDJR Chrysler Dodge Jeep Ram whatever. has the deal like if you.

turn in your lease to get another lease. Don't. No. We're stopping the cycle. Okay. We're stopping the cycle. Furniture? Good. off. $4,146. Bought a lot of furniture. Apparently. Okay. $4,146.26. is owed for furniture with a minimum. monthly payment of $166. Okay. Let's see here. They're going to be at 18% but when?

Wait. Oh. Wait, wait, wait, wait. Oh, it's. deferred interest. Oh, oh when does this end? 24 months. No, no, stop, stop, stop, stop. You don't. know anything. We've learned this. through this conversation. I don't even. want to look here. I'm sorry. I I don't. I wouldn't trust your number. It's not on here, is it? Wait, got it. 24 Wait, it's just. Again, you do not know what you're. talking about, man. One ends in seven months. Okay.

Not 24. The $1,199. is owed in seven months. Accrued. interest so far on that one is $545. And it's only going to go higher. The other one is probably the longer one. that's going to end more in like a year. and seven months. Okay? That's $3,790. But that's already accrued 314 and it's. accruing $56 a month in interest that. you will have to pay.

if you don't. Do you understand that? Yeah. That that. interest will back hit you? Oh, no, I didn't know that. What did you think I was talking about. this entire time? When I was talking. about interest accruing, what did you. think was happening? Well, on this one. specifically, what do you mean by back? Cuz it's zero per It's zero percent for. X amount of time. If you don't pay that entire balance in. seven months of $1,199, the interest that was accruing on the.

back deferred will hit. Oh, okay. Which so far is 545 for that one. It. will likely be closer to about $700, okay? And then the 3,790, that's going. to be like a thousand dollars by the. time that hits. No, it's going to be. like 1,500, maybe 2,000 by the time that. hits. Okay. If you do not pay it off in time. Got you. Does that make sense? Yes. So, this is another debt. Can we be done. with debt? That's the mortgage. house. Jeez. Hope that means it's the end of the.

debts cuz this is We're still going This. is such a long episode. $325,940.43. is owed at a 6.625%. interest rate. That's just about where. we're at today and the minimum monthly. payment including all the goodies as. accrued distributed blah blah blah blah. blah blah blah blah blah. is. 3,258, right? Yep. God, that is so expensive. Yep. For you especially. Well, again, the.

wife's income that's actually coming in. to help. Yes. Let's see what the. percentage is now. Still very, very bad. About 42%. You would cap it at about 30. You're still putting yourself in a. dangerous situation position. It's not. as crazy as it was. But it's still very dangerous. Oh, what is this? Student loan. For you? Yes. So, you did go to school. You dropped out. I used it for I used it.

for trade schools. Did you complete trade schools? Yeah, I'm all set up. Great. And then. Paramedics. Paramedic. So, $2,556. That's what's left. crazy. I got it in 20. What's your minimum? Like 120 and. they're both low interest. One's like 3%. and the other one's 4%. 140? 120. 120. Yeah, they're they're they're two. different ones. They're broken up real. weird. Yep. That's Yep, that's student loans for. you. Federal ones at least. I did have a year.

of like whenever they were. Is that the debt? Oh my gosh. No, there's one more that I guess I. didn't submit, my wife's car. No, apparently it's on It's in It's included. in one of these checking accounts. It's. on the A+ Yeah. Let me find it. Are you kidding me? How are we still. going through debt an hour and 17. minutes in? Okay, it's in the A+ credit. Oh. Luckily, it's a low interest rate. You. said this was your wife's car? Mhm. Okay, 4. 4.5. 4.25.

bet. Again, you do not know things. Let. me speak. Sorry. When I'm talking about. your numbers, you do not look at them. So, I will tell you what they are. It's $40,000. Cuz it had a roll over of negative. negative equity from the last car cuz. they were What's the car? Currently, it's a Tahoe. 2018 Tahoe LT, nothing fancy. Do you. know what it's worth? 23, 22. Way more.

than I owe on it. Can't believe you guys. have had to separate your money just for. the sole fact that you're not mature. enough to not spend money. That is. crazy. I feel bad for her. I feel bad for her that she's married to. someone so immature financially. I'm. sure you're great in so many other ways. This is always financially. No, I I. But come on, she married a child. It's bad. Financially, minimum payment. is 600. Again, this is getting us in a. crazy dangerous position. What is the. term term length on this?

72 from. 2022. Oh, I'm just going to. I think we're going to call her in the. post show. So, here's where where we have the. significant other confrontation. So, make sure you guys join our YouTube. membership, guys. You get the post show. and thousands of hours of other audits. and other content that we do. There's. even a call-in show where you can call. in and get my take on your situation. Any kind of situation. So, make sure you.

guys join that elite. for all the extra content, especially. And a private Discord now. A lot of. stuff. Super fun. Okay. And the second account, 2,836, it's not. horrible. Uh 2,412 actually. Um. Pooper Scooper. Twitch rain for Twitch. subscription, Domino's, Chick-fil-A, Chick-fil-A. Went inside, got some bull.

Sushi, $103 of sushi and hibachi. Come. the on, you can't afford that. Went. to gas station, got some bull. Ultimate Pooper Scooper. This is an. ongoing people come by No. We have a lot of dogs. Yeah, no. You order one Pooper Scooper off the. internet and you do it or make the. 11-year-old do it. Or your wife. Make. the 11-year-old do it. You're the dad, make him. Ground him. You'll figure it. out. Take it in a parenting course. Watch some YouTube videos. Talk to. someone that knows what they're doing. and parent your child, okay? It's not.

for me to be the person to tell you how. But, do it. Guess what? I was a. rebellious little piece of. I still picked up my poop. They probably. told me I couldn't play Xbox or. something. That was enough. Uber Eats, Uber Eats, McDonald's, Smoothie King, Wingstop. Academy Sports hoping for the kids, 200. My wife's birthday present. Academy Sports? Clothes. Clothing. Okay. Happy birthday, we're not going to lose. the house, wife. How about that? Went. inside a gas station, got some bull.

The local open You guys are eating out. every second of your life. Yep. Every. second of your life. Twitch. Stanley? Stanley? My daughter's birthday. present. Oh my. How about again, get them a birthday of. not having to get evicted, huh? For clothes, McDonald's, Wingstop. Come on, the spending is the dumbest. mother. stupid. ever. Would you believe me if I told you it's.

been worse? to. Yes, I would. I would cuz I know who I'm. looking at right now. I've learned you. throughout this. Went inside a gas. station, got some stupid bull drink, whatever snack, who knows? Pizza, Starbucks, PayPal and out. More pooping. than scooping. Subscription to Microsoft, more Twitch. What are you Twitch What are you. Twitching constantly? You have Twitch. money You're just like. Twitch, you're just throwing it to. Twitch. What are you doing? Huh? You don't know how bad your life. is. You're just throwing it all. It's so.

horrible to see. More scooping of the. pooping. Oh my We're PayPal-ing. out. We're going inside and getting some. bull. and Golden Chick, PayPal, PayPal, Poop. and Scoop, Domino's, Starbucks. You can. get the Poop and Scoop when you take. care of your. money and act like an adult. Apple. subscription. The PayPal is meals at work. Huh? The PayPal, it's meals at work. Like I have to pay in cuz we go grocery. shopping, you put into a community fund.

Your community fund? Well, then I can't. eat. You know what I'm going to say. Do you? Wait, do you watch the show? Every now and then. What am I going to say? Huh? Bring your. own lunch, make a sandwich. Hey, there you go. You figured it out. You can get cheaper than the communal. thing. It doesn't have to bend to everyone. else's wishes for lunch. $1,000 guys in this little Cash App. investing LLC fund. Oh, retirement is. just around the corner.

We're almost there. Oh, but wait, you haven't heard nothing. yet. $285 in Robinhood. It was at. Our wife My wife and me, guys, we're. going to live in luxury. $42 in this Robinhood. Wonderful. Well done. Really. really set yourself up. Oh, good. And I'm being told I didn't. look and apparently it's all in. Dogecoin. I made a lot of money out of it. What's.

a lot? Like five grand worth. So, you took it. all out. It's all I had to sell most of. it. Good. Yeah, cuz you can't afford to. pay bills. So, I just left it in there cuz. investment program. I'm not having this. conversation. I'm scared. I've got a retirement. account. It's got a couple grand in it, too. Okay, good. 401k? Yep. Okay, you could have sent me a. statement, but all right. Is that like a 16% ROR for 15 years? Probably.

Your spending's stupid if you want to. take a look at it. I don't want to I. don't want it in front of me anymore. I'm scared to make this budget. I am. scared. I think this is going to be It's. going to be upside down. I bet it's upside down. So, what's the solution then? If we. already know it's upside down, then. there's no point. And people love it. when I don't make a budget. But, again, if it's upside down, what is the point? What do we do? What's your solution? What did you think? I'm still going to. make it, but What did you think you were. going to do? I know I have. What is you and your wife's plan? I. well, I know what the things I need to.

get rid of. One being my car, obviously. Yeah. And. then. go to the grocery store more versus. going out all the time. That'll cut down. on a lot of spending. And then. I think those are two of our bigger. expenditures. That's it? That's That's all we were. going to do? That's to get me started That's to get. me started. How are you going to get a. $10,000 car in a few months? What was. your plan there? Or you were planning to. just get another lease. That wouldn't. helped you. You would have been had. another chunky payment. Your debt.

minimum monthly total, by the way, 2,000. 2,000. Uh 2,230 dollars and six cents, but. That sounded good in your mortgage. Your. mortgage again, 3,258. dollars and 49 cents. What about. utilities? Water bill averages between 120 and 140. and electric bill. lately has been averaging about 150. Internet? 80 bucks a month. What about room room gas gas for both of. you? So, it's different now because now.

that she's work from home, she doesn't. feel the need to. gas for both of you. I would say $180 a. month. Car insurance for both? It's 320. for both. TP fund, anything else you need to. survive? This includes things for kids. school and stuff like that. I'm going to. do 200 bucks. Hopefully you can cut that. back. Necessary food should be able to. get you guys. It's going to be that your. kids are going to be so bored with the. food you give, but I don't care. They. can eat or they can go to bed. They can. get hungry and then they'll eat.

Maybe, I don't know. That's what we tell them. Yeah, but I. don't. Again, I'm not a parent. I don't But, either way, that you're you're going to. be meal prepping only a couple times a. week. So, it's just going to be lots of. repeats, but it's just we got to. you know, survive. I think we can meal. prep. I. I'm going to do a thousand. Not going out to eat. Um medical health. care, co-pays, anything? Um so, I'm I'm changing my insurance. coverage at the turn of the year when I.

get new benefits cuz I'm trying to get. more healthy, I guess. So, I'm I picked. the Monthly expenses? I don't know yet. That's the problem. So, no one. consistently goes to the doctor right. now. Okay, gym? Don't have one. Like don't have a membership. Pets? How many? Three. Pet food, how. much? Get it from Costco, so it's cheaper, but. it's probably $80 a month. What are they? Dogs, cats, what? I have two Rottweilers and a Pitbull. Okay, do you have pet insurance? No.

It's irresponsible. My mother-in-law works at a vet clinic. She's the the manager of it. So, she can. save a pet's life for free if they. needed surgery? No. Exactly. So, you. don't have pet insurance, that's. irresponsible. Let's call it 40 bucks. per I'm just adding by three, 120. dollars. I didn't know you could get pet. insurance. You kidding me? What are you going to. do? You're going to let them die? No, I. just pay for I I say I pay for it, but. You'd pay for a $10,000 operation if you. needed to. Exactly. If you have a pet. and you don't have pet insurance, you're. meaning you're allowing them to die.

Meaning you're not being a responsible. pet owner in my eyes. I'm sure other. people see it in a different way, but. that is how I see it because pets are. everything to me. No, I. Phone bill? I would CareCredit cuz we've. been in a situation like that before. $10,000, $30,000 I did 30 My cost 30,000. recently. Somebody broke my Pitbull's leg, snapped. it in clean in half, and I put four. grand on my CareCredit. Yeah, what happens when it's 30? Phone bill? I don't pay cuz I'm on my mom's account. Is there one for your wife, kids? pay one either cuz she's on her mom's. What other expenses am I not aware of.

that your wife takes care of? Day care. Oh, how much? Yeah, a thousand dollars a month. Dude. Wait, I thought she works at home. He's part-time. The youngest There's. only one. Can she take Can she sacrifice. a little for that? We tried, but the. problem is. We probably We just like simply can't, right? Yeah. Again, total household. income, what was it? 5,500.

plus 2,400. So, 7,900 a month. Not a bad household. income, but with where you guys got. yourselves. So, let me do the math. Let's find out. Shall we? Go ahead, tell me about this. insurance or the child care. Um so, she's on the phone a lot at home and. he's not a work from home kid. So he. goes to daycare. He's just I mean he's a typical. three-year-old, just rambunctious and. loud. Okay. So he goes to daycare. for the for the front half. Like he goes. from 8:00 to noon and then when he comes.

home takes a nap. By the time he wakes. up from his nap. What about the grandparents? They work. full-time. How old are they? My grandparents or my parents? Your parents, yeah. My dad is 60 and my. mom is. 55. Congratulations, man. If you actually. budget, you made it. You actually made it. So I'm glad we did a budget. I am. You barely made it. I mean, let's be. honest, you're break even, but cuz I'm. sure there's expenses we haven't taken.

into account. Food, TP, you know, you. know, it's ebb and flow. You got to make. the budget together, but you made it by. $41.45. So I'm considering that break even, possibly under, possibly over. Most. likely over more than under. Cuz you and. your wife need to sit down, take the. budgeting class, learn how to make a. budget, and then manage it, figure it. out what it is together. So. yes. The thing is. working your schedule and all this stuff.

following this budget like crazy all the. way through February, you're still going. to have to essentially take out a. $10,000 loan on the $10,000 car and. probably $11,000, $12,000 in order to. roll the negative thing. If you do that, bro. No, you might just have to take out a. little personal loan to deal with that. and you might have to and then $10,000. so you can use all the different lots in. town. So you don't have to roll over and. use that one lot. um that you're currently leasing. So. you're probably going to add $10,000 to. this, but your monthly payment hopefully.

we get it closer to four to five hundred. versus the 750 for the car and that. actually starts giving you some room, but only like $250 of room and $250 of. room. Let's just do some basic math here, buddy. I just want to put this perspective. You. have that extra sheet of spending? No, you don't. Cuz I do. Just want to put this into any kind of. perspective. If we take away the. mortgage. and we add that. $10,000 car loan. and we add that $1,500 you borrowed to.

figure out that lease situation, you. have $83,509. of debt. If you follow this completely. Sorry, actually we have to get rid of. the lease. Oh, the lease isn't on there. cuz it wouldn't be. It's not We're not. Oh, wait. Oh, oh, oh. No. Oh, we did. But that only takes you. $2,000. $977 off. So, okay, $80,532. Extra $250 a month now. So that still. takes you 322 months to pay off debt, which is obviously unreasonable.

or 26 years, which is not even close to. reasonable cuz we need to be able to. retire. So. this leads us to a few different. interesting little things. Cancel the house. No way it gained. equity position necessary to cuz you're. going to it's going to cost you what, like. 5 to 10% to sell the house anyway, 6 to. 10%. So. it's not even worth that. Bankruptcy. um. bankruptcy might be an option. Maybe. start talking to a bankruptcy attorney,

get their thoughts on it. Um I'm going to set you up with a free. You and your wife are going to sit down. with people who I use for my own. financial advisors, licensed financial. advisors, Domain Money. And they we. because of my situation, my partnership. with them, everyone everyone including. the audience and you gets a free session. with them if you sign up, so highly. recommend that. Like CPA or. um licensed financial advisor. So do. that, get their take on it and see if. they think bankruptcy is an option, but. probably stop your side hustles. If you.

really do have extra time to work, put. it towards a guaranteed income. If you bring in a guaranteed income, an. extra $1,000 a month, which is going to. be hard for you cuz I think you're. already pushing your body to the max, I. really do. I don't want you to end up in. a dangerous position. Uh but let's just pretend you do. Again, what was it? $80,000 of debt? I mean, that takes 80 months to pay off, so. what is that? That's still 6 and 1/2 years. Um might be bankruptcy. Right? And you know, and we're you know, keeping the cars, keeping the house, but. bankruptcy sells for a bit and I can be.

able to take out credit, but you really. start fresh. Sell for 10 years in terms. of being able to take advantage of any. kind of leverage, but at least you and. your wife get a relatively fresh start. Not fully, still got to figure out the. mortgage situation, still got to figure. out car payments, but also that. you for. that Is it 7 years Huh? Is it 7 years on your credit report or. whatever? Depends which bankruptcy you. go through, but we'll just assume a. decade. Um. but when you have to borrow to get this. new car, you're going to yourself. there or you're going to get something.

predatory. So there are consequences and. negativity things. So there are options. here. You work yourself to a limit that I. wouldn't recommend and. that still takes 6 years to pay off the. debt following the most rigorous budget. ever. or you're paying it off into your 50s. you know, going the other way without. changing anything. And this isn't even include you going. back to school. I'm sorry, this is a. doom and gloom right now. Um the proper. and better path is probably bankruptcy, which sucks. It's really the last option.

cuz there is it's expensive to go. through bankruptcy and uh you know, it's. going to cause pressure on the house on. the household. My uh so her both her. uncles actually filed for bankruptcy and. did They went really well for them. They. did the whole debt and dive thing. Did they have kids and I think at the. time they each were married with a. single kid. It can cause stress on the household. You know, people are going to try to. come get their money. There's going to. be fights, but it can work. It can work. And I think you've reached that. situation where it might be the option.

I want you to sit down with the Domain. Money people first though. Okay. I. really do. Um. Okay. Yeah, I mean, that's my take. That's my. take. I'm sorry, I wish I had a better. answer. You can do the long way, you. could do the midway or you could do the. quicker way relatively, but then I think. again, my big concern is what do you do. about your car when the lease is done if. you do have bankruptcy and your credit. is. and then you have to borrow essentially. to. and bankruptcy won't be done by then. probably anyway, so.

It's a hard one, man. Spending to. budget, you overspent, zero out of 10. Debt. and you put yourself in such a beyond. dangerous position, but you don't have. IRS debt or collections, so one out of. 10. Emergency fund, nothing in savings, zero out of 10. Retirement, barely. getting started, one out of 10. Real. estate, you do have a house. no longer have an equity position. Uh we got well, 20% down, but like I. said, if you sell the house, you're. going to lose guaranteed 10%, so.

it's not great and it's 40% of the. household income or 60% of yours. I have to give it a mid five out of 10. because of all that. Hammer Financial score, rounding up, 1.5. out of 10. Come to the post show, guys. We're going to call the wife. I need to. get her take on this. I need to confront. her and I need to see what their. relationship with money is like with. each other. And also make sure to bundle. our three educational programs that over. 10,000 people have taken advantage of. You get it all for 15% off if bundled.

I'll see you guys in the post show. You. told me because she doesn't trust you. cuz you spend every dollar you see. Yeah. Well, then why would you be the. person responsible for paying the bills? Most of them are mine. When I call her, is she going to know. you have late payments and hundreds of. dollars of fees this year so far? Maybe. Sounds like we need to give her a little. ring-ring. I agree. Why do you allow uh Cole to be the one. that's in control of paying the bills? That is not what he said. To watch the Financial Audit post show,

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