100+ Years Of Insane Debt | Financial Audit

25:03In an emotional way. That's more gay. We decided to get a house together because we're like, we don't want to rent. And I was like, hey, if you'll help me buy a house, then when, you know, in a couple years I get my shit straight, I will buy you out of— You never got your shit straight, by the way. Correct. Okay. But I'm trying. You offered what? I offered to buy him out of his equity of the house. What is all these handshake deals that you're making with everyone left and right? It's a mess. Trusting. Well, what? Dude, look where you are. This hasn't worked. I mean, it's gotten me where I am.

25:36Like, I have a house of my own. A 700 square foot house that is hard to sell. With a beautiful little yard and plants. It's hard to sell. It is hard to sell, but I'm hoping to rent it. It might be okay for rental. Yeah. Maybe, we'll see. I bought it for$2.35, like everything included. And now I owe$2.47 is the other part of that. Anyways, getting back to the original story. So me and my best friend were like, yeah, let's buy a house. Let's get somewhere that we can do our stuff, right? And then me and his girlfriend, I still consider him one of my best friends. We're not talking at all. I love him to death.

26:09Yes, it's a rough situation. Me and his girlfriend didn't get along very well. I was dating a horrible human being. Actually, I was engaged to a horrible human being. Oh, engaged? Yeah, she ended up cheating on me with her ex-husband. Did he have hair? I think so. I did too at the time, though. We got into the house, and me and his girlfriend didn't get along. My girlfriend was sticking forks into light sockets. Like, terrible human being, just trying to fuck everything. Was she actually doing that? No. Like, metaphorically, she was trying to burn my friendship down. She was, like, trying to isolate me.

26:43She fucked another dude. Yes, she did. that's the big one yeah that's yeah but i care more about the fact that she ruined my friendship because she how did she ruin it she made it easier to ruin uh she was she was telling him oh well you're too late this and that you can't be in these celebrations and everything like it got to the point where he didn't even feel comfortable saying happy birthday to me up with her i did after i figured all this out because she didn't know she was sly she was sly i knew when she f***ed the dude that was when it all ended how'd you find out Because we had Life360 and she didn't hide anything.

27:20And it was just like, you're at somebody else's house. Her ex-husband? Yeah. Husband. A couple years ago. You're 26 now. And she was your fiance. What is your life? Wacky. Let me see what she looks like. Yeah, I can't click on her profile. So I might have to give you her name. Profile on what? Facebook. Good news. I have a Facebook. Who blocked who? I said my piece and she blocked me. What'd you say? That she was a dumb cheating whore and that she deserved to get like she f***ed him. Is that there? Yeah.

28:01I'd rather cut my dick off and play tennis with it than help you with anything.

28:12She said, that's fine. And then you say, perfect. If you could, please refrain from any future contact. I'm attempting to lower the amount of dumb cheating f***s in my life. She said, never cheated, just left, but I got it. Thanks. And then you say, LMAO, you're full of s***. Bye. Okay, I'm going to have to try and dig through my photos because I can't find her on your Facebook either. It's interesting. Your response to cutting off your dick was a response to a message that was from her. after a long couple months of nothing where she said, I hope you're doing well. I messaged me and I saw her and got married.

28:51I know this is a weird question and I'm sure you don't want to hear from me, but I was wondering if you could tell me the games we used to play on Xbox together. Yeah. And then you said, I'd rather cut off my dick. Can't find her? No, I can't. In Instagram? I don't, I mean, I'm sure she has one. I barely use Instagram. Well, here, put it on her name then. And that destroyed your friendship with the guy? You couldn't resume it and say, like, oh. Well, like I said, me and his girlfriend also really didn't get along. And there was a point where, you know, it was kind of a blow up. I was like, hey, you need to.

29:26Fine, why didn't you get along with his girlfriend? It's hard to say this because I'm still trying to, like, repair that friendship. But she hadn't had a job. She was, in my eyes, kind of a user. and she... A user of drugs or him? Him. And she... I'm just going to look her up real quick. She did things that I just didn't really appreciate. She wouldn't say much about... But you can not like her and hold your tongue for the sake of your boy. Well, yeah, but when there are literally dirty dishes in the cupboards because she can't clean things and there are... Yeah, that sucks. doesn't mean you have to be horrible about it I don't know well and I wasn't even that horrible like the last conversation that we had I was like hey you need to make sure that your girlfriend is doing this and that and he's like well you should talk to her yourself and I was like I he's like she's right behind you and I looked at her and I was like I'd love to but every time I bring anything up she just breaks down in balls and then she she like made a face and then started crying and I was just like yeah I I don't know what to do with this I was like see and then And he's like, all right, well, as soon as you can get me off the mortgage, blah, blah, blah.

30:38And I was like, okay, well, I can cover the bills right now. So if you want to go, you can go. And then he left without any money. And that's the six. And how long has that been? 2023. Oh, two years? 23 and a half. And yeah, that's the$6 ,000 that I. And who's being petty to who? As far as what? This friendship. You're trying to rekindle. I mean, I've reached out to him and I was like, hey, man, you know, I quit drinking. I'm doing better with myself. And like, I'm really sorry how everything happened. and like if anything that I did was shitty or whatever, you know. And he said? He said, I appreciate that.

31:09I'm glad there's no bad blood. And then that was pretty much the end of it. Like there was no further communication. You didn't say let's go get a drink or let's get coffee or? I tried to. Well, I didn't try to say that, but it was one of those things where I just felt like there was no openness for communication. That man used to rub oil on her head before he went to bed in his mother's house. You can ask him for coffee. Yeah. Maybe we repair this friendship in the post show. Maybe we call the friend in the post show and we repair a friendship. Ah, yeah. It's worth it. Stop being a pussy. Okay.

31:43All right. Fair enough. Listen, I've lost friends once in my life. That sucks. And sometimes people can be kind of petty middle schoolers. And that is hard to deal with. But it doesn't sound like either of you are. So it's repairable and worth it. Wow. I did delete all my photos of her. Oh, my. Okay. Just show me a picture of you with hair. Oh, there she is. Oh. Listen, I mean, I don't know. It's just one picture, but she's kind of cute. Wait, is this the current? No, that was my previous profile picture. I don't care to update my Facebook very often. I am not one for social media very much. His banners are French bulldogs, by the way.

32:23Me with hair when I was like 100 pounds lighter. Yeah, that hair was running away. It was creeping back. That was. Oh, yeah. Yeah, that's when I was trying to cover up the baldness. And let me see the current boyfriend. Girlfriend. Sorry. You seem very gay. And we love it. And we love it. I'll just let you look through her profile pictures. She's pretty too. You do okay. She's gorgeous. I love her to death. She's amazing. Yeah, you do okay. And she's German, so she's actually got values. A little concerned about the rings, the piercings. Oh, the piercings? Very, very, like, she'll f***ing. vote in a communist type person.

33:05We don't talk about politics much. I wouldn't with her. Yeah. She wouldn't with me. She will cancel you. She will call you a predator. No. Okay, so what do you think your finance score is? Zero to ten. Zero being the worst, ten being the best. Half. 0.5. Oh, okay. If you want your financial score, take the assessment. It is free at calebhammer.com. See where you stand in the world of money, where you need to get your shit together, where you're doing pretty well, and what you need to do to fix it. And if you don't want to be like a guest who ends up on the show, make sure you download the DollarWise budgeting app.

33:34New features being added every single month. It's incredible. It is incredible now. Tens of thousands of subscribers for a reason who are changing their lives. Check it out. There's a free trial. DollarWise.app links in the description below. Save a lot of money by switching to the annual version if you like it. And when you do, only for two more months, I will personally sign my budget-friendly cookbook and mail it directly to you. After that, they're going away forever and there's no way to get them. Check it out. DollarWise.app. All right, let's get into this. Let's get into these numbers. I finally, I mean, I got your little lore, okay?

34:04My little lore. Your lore is, it's so stupid. This dog thing is one of the most idiotic, most moronic things I've ever heard in my life. Ever heard in my life, okay? And your current girlfriend looks like someone who is the opposite of able to manage finances in every way whatsoever because they're usually the people that spend 98 % of their life protesting instead of making money. So I understand why she doesn't care. I understand why she doesn't care about your complete financial disaster because she's going to expect a bailout from someone else later. I strongly disagree. She's on a fiscal plan with me.

34:37It's been a tough couple of months. That is true. Listen, here's the reality. Here's the reality. I need to learn about your plan because then I'm going to go through this and I'm going to find out your plan is probably bullshit. But the reality is the first statement is a mortgage. Yeah. They never put a mortgage first. You know why? Because a mortgage is boring. If it is first, that means something is f***ed Meaning you are f***ed Oh yeah, I've been through two refinances So tell me How long have you owned the house? Oh! Why? Okay, well Why? Well, the first one is to get my buddy off And then the second one Well, that one's relatively fair So he was on the mortgage?

35:18Yeah, he was Oh, f***ing, okay Yeah, no, there was no way I could swing it On paper by myself So what did that refinance look like? It looked like painful. That's why I'm at 247K on something that I originally paid 235.5 on. I do have a little bit of equity in the house at least, but yeah, no, I'm above where I started at. I'm supposed to be like 265 for property value right now. Type in the address. Yeah, I mean, the interest rate, it's 6.3. It's kind of in that normal range for today. It's obviously not those beautiful COVID rates for sure. but the fact is I get a monthly payment total amount of due yeah it's because you're overdue you're overdue a f***ing payment that's why it's here you're overdue a f***ing payment on a 700 square foot house that you keep 12 animals what the f*** is wrong with you dick what is dude dude I'm sorry a small gust of wind in this thing is gone this thing is falling apart 1922 Listen, do we have consent to put images with things blurred on screen?

36:28Yeah, I guess that's fine. Okay, so let's make sure we do that. This, even though it's on a slab, is kind of water shed all over this, but this is worse than a trailer. Built in 1922 as a chicken coop. Oh, you live in a chicken coop. He's refinanced the chicken coop twice in three years. Yeah, it's actually a pretty cool little story. So it was built in 1922 as a chicken coop. Some low or some down on their luck family members moved in in the 50s. And then they put. Yeah. Only down on their luck would move into a chicken coop. And they lived there without running water for like a year and a half.

37:01And then they put an addition on with a bathroom and a bedroom. And they put a sink in. They made it a little kitchen. And then late in the 50s. Also, f*** you equity position. No. Because Zillow is honestly usually very generous in terms of what they give you. And Zillow has gotten better over the years. but it literally marks it as you having an equity position. Of like$5 ,000. You having an equity position of$353. Oh, what? That's insane. And that's the generous platform. That's insane. No way you're not negative. And even if you sold it today, you would be having to write checks. Yeah. Uh-huh.

37:41Why the f*** would you buy this? I'm sorry. I've never called anyone's this because usually a home's a home and it's nice. this piece of shit. This is a piece of shit. It was completely torn down and renovated in like 1999. I have the pictures of what it was when you bought it. Yeah, the exterior is a little rough. And I would never say this about anyone's home. I really wouldn't. And I never thought I would. This thing's a piece of shit. I'm sorry. I strongly disagree. But D, we are putting images on screen. This thing is a piece of shit. I would rather have a trailer any and every day. No, I would rather live in a camper, a camper that expands.

38:20You're crazy. No. Campers are. No. No. Guys, everyone, I'm sending this link to the chat right now. Most of the reason that I bought it was the backyard. Places have yards. Yeah, but. Places have yards, dude. Plum trees, cherry trees, pear trees, raspberries, blackberries. Buy those. Raised garden beds, fully insulated shed. Well, okay. Review of the house, everybody. I love it. I'm not trying to meme on someone's house. We never do this, nor apartments, but the fact that you have a negative equity position, if we're being real, a pretty crazy balance for that. It's also a direct stepping stone.

39:00I mean, it's not somewhere that I intended to be for more than a few years. As soon as I get, like, bad debt-free, I'm planning on, you know, putting as much money— I'm glad you're able to speak in reasonable terms, but shut the fuck up. I'm sorry. That's—come on. What are we doing here? Enjoying f***ing life, man. I don't think anyone would enjoy living in this. Okay. Well, I have a lot of shelving units. It opens the space up a lot. He put in shelves. And your girlfriend, when she saw this place? I think her exact words were, it's quaint. Yeah, she really wants to move. And you're over. Yeah?

39:34Yeah. She really wants to move. Me too. And you're past due on this. On this. So. Guy. What is possible? by the way on that which you just saw of which you could rent something nicer than that objectively borderline anywhere for less than this but his normal minimum payment is a thousand nine hundred thirty three dollars and thirty two cents what's even the purpose of purchasing this i do not understand because you don't have an equity position you got it with a friend which is objectively stupid and rent would be cheaper in what way possible for a better place in what way possible this is the dumbest home purchase i have seen i hate landlords dumbest home purchases i I went to nine schools moving everywhere and dealing with a bunch of bullshit.

40:19There's a difference between stupid and... In looking at that, now you have to remember there's 12 animals living there. Yeah, but 11 of them are tiny. Average two-bedroom home, house with yards, rents in Spokane,$1 ,590. Your mortgage payment is usually a three-bed, two-bath in terms of rent at a nicer place. That's not what you're actually going to get for a mortgage in Spokane. I mean, I looked around a lot. I'm saying rent, asshole. Well, you said your mortgage, asshole. Yeah, your mortgage would pay for a nicer three-bed, two-bath place with the yard, asshole, rent. That is true. Of which you don't have to sell and write a check to sell.

40:57Yeah, but I'm not planning on selling it this year. You do not have an option. I'm planning on building it up a little bit. No, no, no, you are not building. You're not adding on to this house. The only item that I want to do is I want to put a closet, like a real walk-in closet. That's all I want to do. So it cost me like$5 ,000 and it would make everything a lot more comfortable. And then I could rent it out very easily. Who's renting that? Who's rent? No, no, no, no, no, no, no, no. Because you get, again, we just pulled the average two bed, one bath, nice places is$1 ,500 to rent. Who are you renting this to to cover your mortgage?

41:30I don't think that's the reality in Spokane. Not the reality. Okay. When we pull analytics, it's not the reality because you feel. Because you feel. I'm glad you feel. When I looked for something to rent, anything around$1 ,500 was like a fucking apartment. I don't trust your look. Your look is dumb. And also, come on, that's lower the totem pole rent. But either way, in terms of a property that someone would rent, that is lower the totem pole. Maybe in like Brown's Edition where you're surrounded by gangsters and drug addicts. And you call them Browns? No, it's the f***ing Edition. The guy who built Brown's Edition was Albert Brown or something.

42:05Every neighborhood in Spokane is named after somebody. Can we call Tyler in here? What did I do? I just saw you. Tyler, I have concerns here. What happened, Kayla? What did he do?

42:21He called drug dealers and criminals Browns. No. There's a neighborhood in Spokane called Browns Edition, and it's named after some white dude named Albert Brown or something like that. But no, it's the shitty part of the town for sure. So you call it the Browns? No, it was called the Browns edition. It was actually really nice in like the 40s, 50s, and then it collapsed. Why? Drugs. From? Drug addicts? I mean, there's a lot of f***ing Spokane in downtown. I mean, yeah. F***ing f***ing some. So who lives there, though? Like what kind of people? Drug addicts. Like what kind of people, though? Well, so we have Bloods and Crips in Spokane.

43:00Like, quote unquote, you know what I'm saying? So, I mean, there's a dude who walks around downtown. His name is Blue. Then what color is blue? I don't know. He's always wearing a blue tracksuit, though. So, like, what's his skin tone, though? I think he's black. Oh, man. But that's not my fault.

43:22It's a win-win. You get money and I get money. These are called affiliates and you get that sweet, sweet cash for signing up for some amazing products. The first one is Chime. This is a checking account that I personally use and you get up to a$350 bonus with a new Chime checking account and earn up to 3.5 % APY on your savings. And second, my investing app of choice these days is Webull and get a 2 % match on all of your money that you transfer over. And finally, sign up for automated investing with Acorns. Typically, the signup bonus is only five bucks, but with my link, you get$20. Ladies and gents, you get money.

43:59I get money. Enjoy. Links are in the description below. You asked for it, and I'm delivering a way to connect the dots to see how the stuff we talk about applies to you, your money, your debt, and your goals. The wait is over because Master Your Money, my all-in-one personal finance platform, is finally live. Inside, you'll get access to all of my courses, budgeting templates, calculators, a community of like-minded budgeters, exclusive content, weekly tips, and free access to the DollarWise Premium budgeting app. Learn everything from budgeting to investing, tune in weekly for Behind the Budget, a Master Your Money exclusive, and join members' monthly challenges to celebrate your wins.

44:45And since it's Black Friday, I'm giving you access to our members' exclusive audits, financial audit post shows, and more insider content in our newly upgraded Hammer Elite 3.0 membership. I've wrapped it all into what I'm calling the Ultimate Hammer Bundle. Sign up for Master Your Money today and get lifetime pricing at just$39.99 a month, over$100 in annual savings, and access to the DollarWise Budgeting App Premium version. So, you're about to make a trade based on a friend's text. But which you do you listen to? Is it, we could buy a house in Tulum? Get optioning those options. We could lose everything.

45:31Or, let's do a little research. Get your head in the trade and make the investment decision that's right for you. Learn more at finra.org slash trade smart. One month of Hammer Elite 3.0 for free, plus a free budget-friendly cookbook that you can download. This insane offer ends after Black Friday, so if you want to master your money, click below and get started today.

45:58Okay. A brother named Blue. I need a racist score from our friends. Zero to ten, zero being the least racist, ten being the most racist. See, I don't feel like he's intentionally meaning to be. I'm just going to give you a smooth six. It's called Browns Edition. Smooth, you got a smooth sense. If you want to figure out how racist you are, go to calebhandard.com forward slash racist. Take our racist assessment. See if you need to see where you need to improve your racism or you need to let off the gas a little. That's a thing. We have that. It is now. No, it's a crazy city, though. Do I need to get them back in here?

46:33What's crazy about it? Because there's like the so downtown is a slum. It's horrible. I mean, there are apartments that people pay exorbitant amounts of money for. And what else is there? That are in shitty neighborhoods. Drugs. And all sorts of people. Drugs don't kill people. I'm pretty sure drugs kill people, Caleb. Yeah, drugs kill people. Yeah. No, I got into a nice little area. It's where they were building railroads back in the day. And it's coming a long way. There's a bar on my block, and I hate it. A what? A bar. I want to burn it down. I hate it. Don't say that. That is a worry. Okay, listen, you are past you on this mortgage for a shanty.

47:16For a literal coop house that you are now breeding. Breeding. Your girlfriend's probably not even willing to get bread in there because she wants to move. She wants to flee before her child ever comes. Yeah, I don't plan on having kids in that house. But you plan on renting it, which doesn't make sense for the median rent in that area for places that are nicer. So how are you doing this? But if I can pay a couple hundred dollars a month to rent it out and then eventually have some sort of equity in it that I can then sell it and walk away, I'm cool with that. I'm not trying to necessarily make money on the house.

47:46I'm trying to at least break even at some point. Oh, your realtor that helped you buy this house was your friend? Yeah. You have bad friends. You have bad friends. I think I'm just too convincing. What? No. Because she kept telling me, like, you need to look at more. No, she told me, you need to look at this many houses. And I was like, okay, but I want this house. And she's like, we'll go look at it, but we need to look at more houses. And then we looked at a house. We looked at a house. We looked at the house that I'm in. We looked at a couple more houses. And I was like, I want that house. I chose that house.

48:22Because it was small. I really don't. Okay, care credit. What's going on? Okay, so I guess I do have some dog debt. I had a litter of dogs, man. It's five grand in medical bills. How is this even worth it to have these litters? It can't be. It was at one point supposed to be. It has not been. Well, it was a trend. I love French bulldogs. But come on. Just like everything, it was a trend. I mean, there were dogs selling for$250 ,000. Yes, exactly. Because you were in a bubble. Yeah. You were in a bubble. And it popped. Yes. Yeah. And you still owe on it. And you owe these personal people friendship loans as well.

49:00Right? Right? Still? Yeah. Of course you do. How much have you paid back of the$12 ,000? What$12 ,000? You purchased a third of your first dog for$12 ,000. Oh, that's paid. How? You've made four. I swung shit. I mean, I didn't pay it with dog stuff. At that time, I didn't have any rent because I was still living with my buddy. I was freshly 18. We had just finished high school. Freshly 18? Is this TikTok? I was a brand new adult. What, did you get groomed? No. What the fuck are you talking about? Freshly 18? I'm just being a No one says that for any other age. Why are you trying to infantilize yourself?

49:35I was freshly 18. I couldn't do anything. I was an adult. I spent$12 ,000 on a f***ing dog. Obviously, I made mistakes. You could have just said you were an adult. Yes, I was an adult. You said freshly 18. You're a weirdo. So what? Because it's weird. It's setting up to infantilize. It is so TikTok mingo. So I was 18. I didn't have any rent. I was living with my buddy. We were talking about buying a house. And then I was like, hey, I'm going to drive to the Tri-Cities and pick up a f***ing dog. So I went and picked up a dog and owed a bunch of money. And so I paid all that money and then bought another dog and took out a loan and then bought a house.

50:06And this all happened in like a year. And like I was paying off the loan. Okay. You still owe$4 ,763 on this, which, by the way, minimum to payment only, which is all you do. At like a 32 % interest rate. Oh, yeah. How long does it take to pay off? No purchases of which you'll purchase during the breeding. Yeah. At minimum, I think it'd probably be like 15 years. 18 years, dude. What are you? You'll be in your 40s. What the f***? So it's not deferred. Well, it was deferred. It hit, obviously. And then you're going to max it all the way up to the 7 ,000 when this new breeding hits as well. Yeah, I'm probably going to do that.

50:49Yeah, no shit. And then you're telling me you have a plan. F*** your plan. $159 is your minimum fee payment. It's insanity. It's beyond insanity. You've had interest,$1 ,323 this year. Yeah. For past that bullshit of death. This is disgusting and insane and stupid. There's no fees on this. Okay. So when you miss a payment, like even by a day, right? Yes, that is a late fee. Welcome. I know. But what I was trying to say is that the late fee on that is the entire payment for the month. Okay. You said I had a plan and you didn't draw it. Show me the plan. Very hard to not get the late fees on that.

51:26I thought you failed immediately when you told me what your minimums were because you spent more than it last month by hundreds of dollars. So, yes, tell me your plan, this grand plan, special plan. $46.80 is all my bills. I'm trying to spend$300 a month on food, which— What? Is that on a bill? On my debts owed. Mark it. Mark it. Mark this shit so I can follow along. You're just putting numbers.

51:48Food, debt. Ah! And just like usual, I'll let you use the Fizz card because at least it's the debit card that builds credit. Yeah. Like, what the f***? Because you cannot spend money. You cannot control. I will allow that. Debt's being credit and all that. 4680. That's insane. 4680 is your credit when you bring in, what did you say? No, so 4680 is home utilities. Wait, you told me you're bringing in$4 ,158 a month. Yeah, and then my girlfriend pulls in like 26, 27. Why does your girlfriend matter? Because. Why is she contributing to your bills? Some of it is her debt. We have a credit card together, and then she also helps with the house.

52:23You have a credit card together with your girlfriend who just moves in a year. Yeah. So she has a credit card. I'm on it. Oh. Why do you do this with everything? Everything. Everything you do, you do the same thing. Keep going because it's already broken, but sure. Yeah. So I make$4 ,100 income. she makes like $2 ,600 puts us at$6 ,700 so total with getting by so I forgot gas about$300 oh is there even a point to have this conversation it's broken it's not even working we're at like$52 to survive $6 ,700 by the way the girlfriend reminder that is providing money to this and that he's on a credit card with is married to another man just reminding everyone.

53:21Continue. So 6 ,700, we're total looking at 50 to 80 here. So that puts us at, what, 14 20 left over. No! Here, let me do the math. Let me do the math. Can I see? Give me this. Okay. Okay. Add this up. Okay. He doesn't believe me. Well, so far it's not working. I'm doing the equation myself. 300 food, gas, 350. I got the tism. I like numbers. Yeah, you don't listen to them. Okay, if I did my calculations correctly, and I believe that I did, I believe it adds up to, you are f***ed. Dude, you are f***ed. And that is the math. And that's fair. Like, what? That doesn't make any sense. You spent more than you made last month.

54:18I don't understand this girlfriend thing. Who even knows if she wants to stick around? I don't know why she would. But I, okay, okay. I don't know, man. S-T-C-U credit card. It's my least favorite credit card. I hate that credit card. Why do we have favorites and least favorites when it just comes to your f***? So I don't spend on it, honestly. The reason that it's over max, the reason that it's over max is because I have overdraft protection and I keep getting bit in the ass because I've - Wait, overdraft protection on your checking account pulls from a credit card? Yeah, and I need to turn it off.

54:52I need to take all of my bills off of it. You have a credit card? Overdraft protection on a credit card? It's super, super f***ed. Are you telling me you've had$3 ,642.76 of overdraft protection? No, no, no, no. The f*** you not spending on this. F*** you. It's been a long time since I spent on it. Oh, no. I've never seen this in my life. Minimum monthly payments, no purchases? This takes 45 years to pay off. It's predatory. I don't understand how credit. You, you're the one who set up auto draft. If you got f***ed by auto, you're predatory. You did this. Yes. $73 payment. Yeah. 43 years. 45 years.

55:46You're going to be 60. years old. You're gonna be two years past being able to take money away from your tax advantage retirement accounts. If I paid minimum. That is - Of which you can't even do anything more if we're being completely honest across the board. You, your math is broken. You're fucked. Dude, you had fees. You have fees. What's the fee? Oh, what's the fee? It's a$5 cash advance charge every time it Oh, well interest accrues on it. And the other side. Oh, you had a$79 cash advance. The other side of that is I also get charged with a$29 overdraft protection fee on my debit account.

56:28Oh, why? Yeah, I ask myself that often. Yet you do nothing. You ask yourself that and yet you do nothing. You. You're lucky the interest rates range between 16 and 22%. But even still, you're overdrafting every second of your life. Why are you overdrafting, dick? Huh? Dick, why? Because I have too many auto pays, and I apparently don't pay enough attention.

57:04Enough attention

57:10Miscellaneous bullshit alone is$5111.24 cents not paying enough attention f*** you what are you talking about that's honestly better than i thought it would be better that oh no that's the reason why you're overdrafting you f*** you're spending money you do not have it is unacceptable it is disgusting who what is wrong with you i don't get it you're over the limit on there you overdraft protection endlessly fees fees fees fees fees did you stop and buy that no where'd you get that from colton gave it to me it's from the fridge We have monsters. Usually we're a gamer subs company, but I appreciate it.

57:44Well, I'm pretty sure he threw it in there because I told him that I like the white monsters. Oh, for f***'s sake. No more. You can't afford that shit either. Here, free samples. What do you want? You want goof juice? You want f***ing incel tears? Sure. Incel tears is actually pretty good. They're very goony, but that is gamer subs. No more buying energy drinks like that for$3,$4 from the gas station. I don't give a f*** what you like. Make them a home. 25 cents a serving gamer subs. Link in the description below. 10 % off with my link, by the way, so you can make it even less than 25 cents a serving.

58:13You can also get your free samples link below. Type in code Caleb, see what flavors you like, and then order them. Make your coffee at home. No more bullshit spending. Make your energy drinks at home. No more bullshit spending. This is so f***ing stupid. Well, that's part of the bullshit spending this month is we are ourselves a nice new coffee maker. Well, as long as you at least make coffee at home, how much does that cost? All of the... Oh, f***ing. About 300.

58:42Quicksilver, what's going on? That is our credit card together. I see transactions. Our? Our. Is the one with you guys together? Yes. So stupid. Why? Why did we do this? Well, she opened it because she needed to start building credit because she's a new American. I'm on it because there was the occasional time where it's like, honey, I need to do X, Y, or Z. Oh, she is German. That's why she looks a little bit freaky. Okay. No, never mind. She's not. I told you, man. Never mind. She's not a cancel-y person. No. She's just like deep. She's doing her shit. Deep down in her heart, she still has a little bit of love for the Fuhrer.

59:10She's, you know, she's just a bit freaky. She's just a bit freaky. We make a lot of Hitler jokes. Oh, I'm sure. And she throws that in Heil every time she hears him. I've tried to get her to, she won't. In her sleep. She's a sleeper agent. Why are you on it? It was just convenience, you know. What was convenient? For who and what? There were a couple of months where we threw a little too much toward our debts. and got pinched and spent a little too much on some bullshit. And there was a, like, I needed gas type thing, you know, because I drive about 3 ,000 miles a month. Why? So. For the dog shit?

59:49No, no, no, no. So the company that I'm with, right, so I'm trying to be done with the dog shit. Okay. I've lost way too much money, as you're aware. Uh-huh. So the company that I've been with, I've been with them for a little over a year at this point. But when I was coming up on, like, my 11th month, they told me that I'd be stuck at the assistant manager position for years. Okay. And so I went. Why would they say that? Because they were just telling me like, hey, yeah, we're going to need you to prove you're able to do this, blah, blah, blah. And I was like, okay, well, then I'm going to go get another job.

1:00:18So I went and got another job, worked there for four days, and then they're like, hey, you want a store? Okay, so why are you driving? Because the store they gave me is in Idaho. I drive 51 minutes to work every day. And I do sales calls every Tuesday. Oh. Oh. Yeah, so that's why I went and bought my little Mazda. Because my truck gets like 14 miles away. Yo,$2 ,876.82 on this Quicksilver card, which, yes, you do owe because you're on it, asshole. $109 minimum payment. Why are we purchasing on a card that we can't pay off that is accruing interest? Like I said, we just played it a little too close for a couple months.

1:01:03We're above the limit. So she's trying... No, we're not. Oh, no, you're not. I read that by a thought. Okay, you're... Listen, you're still holding a balance on a card that you are not paying off that is accruing in interest, and you're certainly above that 30 % utilization that we look for. So she's trying to build credit. She's f***ing her credit. And you're helping to f*** her credit. No, the debt to income isn't bad. Or the debt to income isn't good. Debt to income is a piece. Yeah. This is still a utilization. But it's a fixable piece. It's not f***ing... This is a utilization. It's not f***ing her credit for...

1:01:31Dick, this is a utilization. Anytime past it being built up Utilization, yes it is, anything over 30 % But once we pay it down It won't be f***ing our credit Once you do, you are f***ing it now Yeah, it's true And we're on the car loan together too Why? Why? Why are you doing this to this Poor German woman I told her that we should get the car separate And she's like, well if we can get it, let's just get it together She doesn't know what she's talking about, she's European

1:02:02I don't know, man. I think the new age Germans are pretty smart. That's why they stay quiet and they don't make too many Hitler jokes outside of the house. Yeah, that's why they shut down all their nuclear facilities and they're digging for coal again. Very smart country. I wasn't aware of that. That's crazy. Yeah, tell her. Maybe that's why she left. 16 years to pay this off. Insane. That's great for her. We got Netflix and Peacock on this. What the f*** are you watching on Peacock? Nothing. Nothing. I think there's a show on there that we watch. A show. You don't even know. I think there's a show.

1:02:36Can't name the show. And he thinks there's a show. It's like$3 a month. No. The Peacock? It's like$10. No, we get super big discounts for doing it on Capital One. Okay. $9. I'm pretty sure there's a rebate on there or something. Well, look at it. It is literally right there. Huh. Huh. Interesting. how numbers work if we just look at them. Oh, so there is a$3 credit, but it's not as cheap as I thought it was. It's$5.72 after the credit. But that's not... I'll put it on a card even that we are f***ing not able to pay off that is accruing interest in destroying our lovely German fan of Screamo, I can tell, girlfriend.

1:03:12She likes everything. She even likes country, which I'm surprised at. The Germans do get very nationalistic, yes. Because German music was very I don't give a f***. You are destroying her. All for the sake of Peacock and Netflix? It's so stupid.

1:03:30In future projects you're planning to do, I'm being told, we got to get new tires, home renovations, a new Xbox, traveling to California. We already got the Xbox. Huh? We already got the Xbox. What is wrong with you? Well, the old one broke. And that's our main home entertainment system. I mean, we don't have like a Chromecast 30 bucks. You c***. You actual c***. You think you need to buy an Xbox? to play your peacock? Are you stupid? What is wrong with you? No, stop. I don't care. You can't afford it. Dude, you live in a literal crack den. You cannot get an Xbox. It's too clean to be a crack den.

1:04:02It might look like it on the outside. Oh, buddy. Oh, big guy. Come on. Come on. Come on. It might look a little bit like it on the outside, but it's too clean on the inside to be a crack den. Okay. I promise you. FaceTime the German right now. No. Oh, why? Because she won't do that. She won't show me around the house? No. Yeah. I'm sure the crackdown's very clean. We do have 12 animals. Yeah, that you chose to have. So I don't give a f***. 500 hours of interest this year so far. 28.24 % interest, right? Synchrony! For why? Furniture row! Yeah. How to get furniture for our pets to destroy? No, they are not allowed in the bedroom for obvious reasons.

1:04:44I don't know. My dogs are and they're fine. Yeah, my dogs eat drywall. Why are you a bad trainer? Why are you spending$12 ,000 on a dog and you can't train shit? I have trained as much as I can, but I have a dog who will literally push her face up against the wall. Is it the pit bull? No, it's one of the Frenchies. Just one of them, though. Train. Get a trainer. Dick. No shit. And you have 12 animals. Can you really focus on them individually properly? Absolutely. No. You have them eating drywall, so your answer is no. They don't anymore because I put up, like, sheeting. That's not training. That is you preventing them from getting to the drywall.

1:05:18That is true. Yeah. Okay. Like I said, they are very well trained, generally speaking. I cannot get that one dog to stop eating drywall. Uh-huh. Yeah. If you want to land a high-paying job but don't have experience or a degree, then you need to learn about course careers. It is the easiest way to land the high-paying career that you've been dreaming of. I've done financial audits for hundreds of people, and what I've learned is that the single biggest factor someone can take to improve their life is getting a higher paying job. And that is why I've been such a huge promoter and even an investor in course careers.

1:05:56The way it works is you simply go through an affordable online course to start a new high paying career path. They teach many different in-demand jobs ranging from technology sales to accounting, construction project management, the trades like electrician, plumbing, HVAC supply chain, and many others that can be done remotely. And the coolest part about course careers is their platform works for people who don't have any previous experience or degrees. Their courses teach you everything you need to know to land your first entry-level job. And they have a 100 % free introductory course for each career that teaches you all about what the job is like, how much money you'd make, and how exactly to land your first job was starting from scratch.

1:06:34Click the link below to sign up for one of their free courses today. Guys, just real quick, don't forget to take your Hammer Financial Score at calebhammer.com. See where you stand, where you gotta do better, where you're doing shit. Listen, it just takes a few minutes and it is free. Figure out where you stand in the world of money. Calebhammer.com. You owe on this for this, I'm guessing the bed. Yeah. $2 ,496.63. I'm a big boy. Minimal multipayment,$88. I was pushing through mattresses about every six months and my back was hurting. Well, that's absolute shit mattresses. Constantly. But I know if you get a$1 ,000 mattress, it'd be perfectly fine.

1:07:07But we got a$2 ,000 mattress. Yes, which you didn't need. So that we could last it for 10 years. They're not a sponsor, but Nectar. You could have got a$1 ,000 Nectar mattress and you would have been perfectly, totally fine. Trust me, I had it and I was good. And I also, the mattress I had before that made a massive dent. Like, what the f***? This is insane. No, you don't need this. Why do you owe$2 ,496? Because we're still paying it off. It's in the deferred and we're putting minimums for the deferred. We're going to make it. Less than a year, you have to. Or else that deferred. We're putting like$200 a month toward it.

1:07:41And then there's going to be like a$300 balloon payment at the end. But, I mean, that's a pretty small balloon. Oh, you got to pay this off in just about 10 more payments. 2 ,496 hours, 63 cents divided by 10. Yeah, this needs to be a$250 minimum payment. I think we're doing$200 or$220. And then we're going to have, you know, a$400 or$500 balloon payment. We'll see, guy. We'll see. Then we have an Amazon card. Yeah. With a lot of purchases. Eight years to pay off. What's going on? Well, it started with a couple of, like, sort of house necessities, and then, you know, it was just too easy to spend on.

1:08:19Yeah, like, we bought a case for our watches because we got matching. What do you think that house needs is a bulldozer? I would love to honestly rebuild on that property. It's a sweet little property. It's horrible. I'm sorry. I know. I'm being mean. But it's horrible. It is horrible. Amazon, Amazon. I don't think it's that bad. Dude, it is bad. Amazon, Amazon. Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon! Oh, you're looking on the Amazon card, so fucking yeah. Why don't you pull up the Amazon app, you cunt?

1:08:54Start a screen recording. You know what we'll bleep out. Yep. Interest charging like a... Um... Screen record. And a 29.99 % interest rate of death. Death and insanity. And your friend saw this house and was like, yes, let me go in on this. Yeah. Shelves. Bank deposit money wallets. So I got paid back for that. That was for the business. Mushroom coffee. Yeah, that was also for a customer. Xbox wireless control. The Xbox broke. It doesn't mean the Xbox controller just broke. It did break. What did you guys do? It just stopped working one day. The controller and Xbox at the same time. No, separately.

1:09:36Oh, my. What is wrong with you? There it is. Rockstar energy drink. Rockstar energy drink. F*** you. Mountain Dew kickstar. F*** you. Rockstar boom energy. F*** you. I started buying in bulk because I was watching your episodes. We've changed from buying in bulk. Now it's 25 cents a serving. Make your gamer subs. You're making your coffee at home now? Good first step. Make your energy drinks at home. It literally tastes just as f***ing good if not better because we did blind taste tests in our show, Fat and Veteran Hammer Elite. Gamer subs was like, I think it was at the top. They're pretty f***ing good.

1:10:03I tried the strawberry banana one. Yes, it's so f***ing good. Make that. No more buying in bulk. Make your energy drinks at home. Again, 10 % off. Link in the description below. That Xbox controller... There's also a hydration version, because I don't drink energy drinks, but there is a hydration drink version. That Xbox controller got returned, which is why we bought this second one. Well, good! Cat waterfowl and well shouldn't have all these f***ing cats. There's another... Well, that Xbox controller was returned, not the other one. Turn started for something, I think, watch-related. Peiherry, mover, brush, yeah, I guess you need that.

1:10:33Trash stuff. Commander, 100 plus card. So the trash bin and the armor What is this? They're card sleeves in a card box 100 place textured TC They're card sleeves Card sleeves? Why? For Magic the Gathering Oh die Oh die No what are you doing Magic the Gathering You already have too much happening Fuck you That is not an option You don't have the money for a hobby like that You really don't. Just how much are you spending on Magic the Gathering? I haven't spent much on it in a long time. Typically, come on. You're buying shit right there. So the reason, okay, so we had a cat die, a foster, that we were taking care of.

1:11:20He went through a surgery that, like, opened up his rib cage because it wasn't growing properly, and I became really attached to him, and I broke down one day, and I was like, f*** it, I'm going to do something that I enjoy. So I bought myself a new deck, bought sleeves, bought a box for it, but aside from that, I haven't bought Magic in, like, eight or ten months. How much did you used to spend eight or ten months ago? Sporadically, it'd be like$150 on a box every couple of weeks. Insane. And now that deck that I put together cost about$600. Insane, dude. That's insane. It's insane. $45 minimum fee payment,$899.63 on this discount tire thing.

1:11:55So you had to get new tires? Yeah. But you're getting new tires again. And you haven't even paid off your last new tires. I bought tires for the truck and then they - Oh no, these are deferred interest as well. Yeah. Oh, no, they're doing about four months. Yeah. But we're making the payments. We're going to have a balloon payment of like$200,$250 at the end. How are you going to afford all these balloon payments? Because you keep saying it like it's nothing. You spend more than you make. You are f***ing. It's because we're doing. I can't hear this anymore. No, no, no, no, no. And also, you are not even close to making enough.

1:12:23You made about$100 payment instead of the$45, but you need to make a payment of$245 a month to pay it off. Your balloon payment is going to be much higher than you're talking about. Yes, yes, yes. I did the math. I can do numbers. Numbers are in front of me. I just typed it in. I typed in the balance. How many months? I must have done my math incorrectly. Yes. Yes, yes, yes. But for most of them, we're pretty close. Well, I don't know. I don't think so. We'll see. You're about to have the deferred interest hit like crazy because you did the math wrong if you didn't come on here. You have four more payments you're able to make, and then it's done, and that is required of two.

1:13:00Listen, it's the balance is$900. If there's four payments left, what does it break down to? $225! I don't think the balance is$900 anymore, though. Yes, it is. Where's the balance on this? Death. The previous page, you f***ing... Right here. New balance. $899. $63. Die, die, die, die. Best Buy. What? Best Buy? Sorry, Home Depot. Okay. Okay, Home Depot was, I did a shower reno. It's in that house? Yeah. Oh! You put money into that house? Washer and dryer. Washer and dryer is okay, but oh! I would get you to use another, but you're renovating this house? Yeah, the shower was falling apart. I don't know what the hell they used to caulk it.

1:13:54I don't know. Have you seen the house? Yeah, I live in it. Every day. $801.92, minimum fee payment,$29, five years to pay this off. Okay, let's see. We're not doing minimums on that, though. Dude, you say that for every single card, and it's a little more, just slightly more, which also, by the way, makes no sense. If the strategy is to take care of deferred interest payments before they hit, why are we putting things on? Because this, is this deferred? The Home Depot? Yeah. Oh. It's making me sink.

1:14:27okay$801.92 divided by you need to do this in six payments okay it needs to be $134 a month why are you you're deferring interest more than almost anyone I know yeah it's because I was running real tight with my previous income and now that I'm at a point where I'm making enough I'm pushing to get it all paid before the deferred hits but there were certain things like I was genuinely uncomfortable getting into that shower. There was no way that I was going to shower in that shower. It's the house, dude. Well, I own it. There's not too much I can do about the location. Barely. So I got to make sure.

1:15:05You own it with an equity position of like$100, and that's you being lucky. And then you got a Lowe's card as well, also for the renovation? A little bit here and there. And you renovated it yourself? The shower? Yeah. I have a buddy who's a drywaller, and he helped me. So it's also done by, ah, shit, that's not good. A really good drywaller. Come on. I'm not coming on nothing, man. He's a great drywaller. Lowe's card,$542.80, minimum payment, 30. So the current owed is for AC units. Oh, dude, this house said nothing. You put money into this house, and you're just not going to pay it. Those are window units.

1:15:40Oh, great, great. I mean, the only thing that I could do to actually install AC in that house would be a mini split, and that is obviously out of my budget right now. This is also deferred, isn't it? Yep. Dude. When does the deferred end? I think we have had six months on it, and we bought those. Maybe it wasn't. Maybe it was a year. The deferred must be done. No. No, I don't think so. That's not giving me a... You want me to look on my phone? Dang. Because it will tell me. Yeah. I got it. I found it. You found it? Okay. So of the$542.80, you have eight payments to pay that off. So instead of 30, which you were,$68 is what you need to pay.

1:16:28Okay. F***'s sake. We still have more debt. This is insane. PayPal credit. What? Magic. That is the deck that I just built. No. Magic the Gathering PayPal credit debt. On deferred. Dude. Everything's deferred. That's funny. I mean, your reaction is funny. My finances make me cry inside. My reaction is that because it's absolutely beyond f***. Yeah, it is beyond f***. It's stupid. $30 minimum payment on it. Balance,$515. Minimum payment wasn't even made. Why? Okay. No interest didn't pay in full until... Six months, I believe. Not six months from now. Four. Yeah. So,$515. and 29 cents divided by four.

1:17:14So you have to make minimum payments of$129. Oh my gosh, dude. These minimum payments that you are required to make so these do not just get put to deferred interest are increasing your monthly budget insanely, insanely. It's disgusting. Well, I mean, my numbers were a little bit off from what you're looking at, but I do have increased payments for my deferreds in that 4680 that I was talking about. We'll see at the end because your math still didn't make sense to me. But Ross,$90? No, it's a brand new one. We needed some pants and it was a 25 % off. And so I threw it on the Ross card and I'm just going to pay that off next month.

1:17:55And this is$90? Yeah. Why even do that? Why are you not? Because it was 25 % off. But look how you balloon everything. Look at the road you go down every time. Can I buy at Ross beside clothes and shitty snacks? I don't know. I don't know. maybe the girlfriend wants something. Like, I don't know. Every time you do something, you f*** it. So, like, there's not a single thing here you have done right. Including doing the math correctly for your deferred interest stuff. Yeah. Like, it's f***, man. This breeding thing, f***ing a married woman. It's just like everything's wrong. It's all f***ing.

1:18:34Fraud repayment plan? Yeah, so my mom had like a toe-behind smoker that she tried to sell. And she got sent a check. She cashed it. And they were like, okay, we're going to come pick it up. And that was pretty much all that happened. And then the bank called her and was like, hey, so that check was fraudulent. And she had already spent it. So they put her on a repayment plan with 0%. Her, her, her. With 0 % interest. and I was kind of zooming through and I didn't really realize what I was signing up for, but I got put on it. How? How did that even happen? She was on the phone with them and they were like, hey, is this okay?

1:19:12Because I was like, yeah, we share, we're on each other's accounts. And I was like, I'm not really worried about it. And then I ended up on the loan. I wasn't really aware of it. What? Yeah. And I didn't even know that that was - Just get it with your credit. Are you paying it or her? Well, so I am paying it now because I'm on her phone plan and she is paying for my phones. I am paying for the - What's your minimum monthly? 113, but I do 150. Does interest ever hit? No. Don't. Why pay extra? When you have deferred things that are about to come, why pay a couple dollars extra? This makes no sense.

1:19:44There is not a single debt repayment strategy in the history of all financial education that is put a little more towards things instead of focusing all on one. So this one specifically is because she pays my phones and she wants me to pay 150 rather than paying 150 for the phones. If I paid 113 on that, I would have to pay her the difference for the phones. So it's just one of those things that like. Oh, so stupid. Yeah. So stupid. That one is very unfortunate. And I think that one is my credit because people see fraud repayment plan. That's the car. That's one of the cars. 8 % Mazda. Yeah. What's the balance that it shows on there?

1:20:20$32 ,297. I canceled my protection plan, my seven-year warranty thing because it was scammy. and it extended my loan by X amount of years. So I'm actually at$26 ,000. Okay, so$26 ,000. Does that affect your minimum monthly payment? No, I am still at the minimum monthly. It just takes my loan. And what is your minimum? $502 ,000 and some change. You have seven cars? Yeah. Dude, I'm losing it. I'm losing it with you. Three of me. Like you can talk some things correctly, but then your life is just an absolute mess. You do nothing correct. You're able to, You're in the world where you're able to speak correctly, but you don't do anything.

1:21:01Three of them even run. Okay. What do you think this car's worth? I think that it blue books for around, or I use NADA usually. I think it's around 22 and a half. $502 minimum payment. Why do we have so many cars, dude? So I have a pension for pain, so I have two old Jaguars. And then I bought a... Why? though? Well, because I had one when I was a kid and I sold it. So why'd you get two? Well, I bought the one because I was like yes, this thing is super clean. I can get it for a good price. I'm going to buy it and I'm going to work on it. And then my girlfriend was like, well, I want one. Dude, you guys are so weird.

1:21:41But I bought the second one for $50.

1:21:47Yeah, it was a theft recovery. Does it run? It will run if somebody put a little work into it. Who's that somebody? Not me. That's the only one that I want to sell. Hers? Yeah, because she doesn't want it. So all of yours are good. No, she doesn't want it. Sell the other ones. She looked at it. Sell the other ones. I'm not selling the other Jag. Because it's too pretty. It's too perfect. It is my dream car. No, you have other cars other than the Jaguar. Sell the other ones. So the Cadillacs are a special. Oh, my. What is wrong with you? I like turning wrench, man.

1:22:18Okay, let's see. We have a Blazer worth$2 ,500. That I inherited. Chevy Avalanche worth$9 ,254. So that one I bought sight unseen for$6 ,000. She told me she had a truck for sale with 66 ,000 miles. What's the state of that car? It's beautiful. Who drives it? Me occasionally. Sell them. No, I need to be able to tow shit. Why? Because I have a bunch of project cars that need to move. You do not need to tow shit, and you're giving up your project hobbies to pay off your debt and clean up your life, and then you can get into hobbies. F*** your hobbies. I don't give a f***. Your hobbies are expensive.

1:22:59You can get rid of them now. You can start paying off debt. I'm not getting rid of the Jaguar. Then what? I didn't say the Jaguar. And I don't really want to get rid of the Cadillacs either. I don't care. The Jaguar. I'm giving you that as a compromise. Do you ever see me compromise on this show? Not very often. Good. I'm letting you keep the Jaguar. Sell the other cars. Liquidate everything else other than the Jaguar in your car, and how much could you get? I think one, two, three.

1:23:31Optimistically, if I were to wait on the truck. How much? I could probably pull like$19 ,000. Good. Do it. There's no reason not to. Do it. Do it. You can get into the hobbies again. Cars will always exist, and cars are forever. You're not getting rid of the Jaguar. The truck is one of$1 ,150. Huh? it's one of 1150 over four years okay then there's 1150 I don't give a it means nothing you have debt you are one of one you take care of your life buddy you can't have this this is a shortcut that I don't want to abuse it in a way that you don't change your behavior but just use this opportunity use it there's no reason not to I won't ever see that truck again that is that's a lie that's a lie there are out there.

1:24:19There are less than 1 ,200. Exactly. And it's from 2002 to 2006. They're not exactly fucking running around. You can spend your hobby searching for it when you can financially afford it. Right now, it gets you out of a death spiral. Death spiral. Your math that you gave me didn't make sense in realizing your girlfriend, who's not even in the fault of this. It makes no sense. It's time to take care of your shit. It's time to grow up for the literal first time in your entire life. And sometimes that requires sacrifices. This is a sacrifice. You are taking a sacrifice. Also, it's a truck. Who gives a fuck?

1:24:49It doesn't matter. It doesn't. It doesn't matter when it comes to your girlfriend, when the animals, when it comes to your life. It does not matter. You're being a selfish prick. Stop. This is a sacrifice. You're willing to sacrifice your girlfriend's income to bail you out instead of you actually taking care of some shit and sacrificing some things you like. It's disgusting. It's disgusting. It would pay off the first four or five cards we talked about today. Like that. Stop being a selfish prick, asshole. You went and got some energy drinks, energy drinks. Bullshit. Bullshit. Bullshit for the car.

1:25:33Bullshit. I don't know what Selkirk Aces is. That is just the ace near my work. Ace? Ace Hardware. Oh, so probably bullshit. Bullshit. Uh, bullshit, dominoes So a lot of the ace charges were actually cashbacks You go to O 'Reilly every 30 seconds Yeah Bullshit, bullshit, bullshit, bullshit, bullshit Energy drinks, bullshit Microsoft Ultimate, f*** you, vapor What is wrong with you? You do not do one thing correctly in life Bullshit, Little Caesars Bullshit, bullshit, bullshit Card payment, bullshit No, no, ATM would draw$480 No one knows where that went. That, I believe, was moved to another card for Bill.

1:26:19$27 in this. Went down substantially. So savings, nope. And this is bullshit, bullshit, bullshit, bullshit. It's just fucking stupid. Bullshit. ATM went to raw. I don't know. Are you going to strip club every five seconds? No, a lot of that is because I have my paycheck split into four different cards. So that it's... BS, BS, BS. Round table pizza. BS, BS. You're stopping in and getting BS every second of your life. BS. BS, BS. Nothing in savings. Oh, this is so. And another account. What's in here? Okay. That's pretty much just for the car. The car and the fraud. Bullshit, bullshit, bullshit, bullshit, bullshit, bullshit.

1:26:59It's all. Oh, good. Our investment is$177. So I sold that and put it toward debt. Yeah, sure. Drop in the bucket. $20 ,000. Sell the car. keep your jag I'm okay with it take that I never give people that opportunity take it or just you know what I've been through this I've gotten people through the sacrifices if you don't want to do it don't do it and you can and you can live your sad miserable life pretty happy generally speaking no the finances no you're coping coping I am tired of a lot of my money going toward interest you can get this shit done but you have to take sacrifices Income,$4 ,158.

1:27:44Okay, the mortgage is$1 ,933.32. Second time someone's chosen dogs over paying their mortgage, by the way, but whatever. Let's get the rest of your debt payments.

1:27:56And I'm doing this, what's minimum required to pay off the deferreds in time? Because we don't want to f*** ourselves, but you have so many to defer that this is going to add to a substantial number. Yeah, it's going to be a rough couple of months. Okay, minimum payments. It's essentially equal to your mortgage, which is crazy. $1 ,950. Gas, electric, utilities, all that combined. How much? We budget for$300, but it's usually around$250,$275. In the winter, it's about$300. Okay, I'm saying$300. Phone built. Switch to helium once you have to take care of your own phone. If T-Mobile's good in your area.

1:28:28So we need to pay off our phones before we can switch. And I also get you a course career certification as well. Keep adding to your resume. Keep getting those raises and transfer to a local store, hopefully. Yeah, working on it. Gas, a fruit from Drive Drive. I'd say$300 a month. Car insurance is? $302,$304, somewhere. How do groceries work in this house with you and your girlfriend? So we try really hard to stay around$20 a month. It's one of those things. What? Sorry,$20 a day,$600 a month. Okay, you can contribute$300 to the pile. TP fund, anything else you need to survive,$100. Medical, health care, other co-pays, monthly basis.

1:29:04So when I left my work. I don't care. Are there monthly co-pays? There will be. We're in open enrollment right now. I don't know. I literally opened today. I'll budget 50 bucks towards it. Subscriptions, I'll try 30. Let's see what happens. What are we doing? How much is pet food? Say 120 bucks every two weeks. We get a lot of free stuff because she's - Now, how are we doing pet insurance? I don't have pet insurance. And I don't know if we could possibly budget this. For the 12, I mean, we're talking - The nice thing is a lot of that is - sort of free because she works at the rescue. Big guy. You have that debt.

1:29:45Clearly it's not. Yeah, well, the breeding stuff is different. I don't even think we could afford it anyway, which makes it irresponsible for you to be a pet owner, if we're being honest. Because if we add up the two things, the minimum fee payments, you're already done. You're already f***ed. So I don't know how you do any of this. So how much does your girlfriend contribute to the debt payments? I mean, she contributes the gap, basically. So I, for the most part, take care of all the payments. She takes care of food. $1 ,915 plus$1 ,933 and 30, what was that? 32 cents plus$300 plus$300 plus three or two plus 300 plus 240 plus 100 plus 50 plus 30.

1:30:22Okay. Wow. Well, your gap just to break even is literally needing$1 ,312 and 32 cents. So she provides that plus takes care of her portion of the groceries and her bills. because that's literally the gap. So the credit card that we have together is pretty much her only bill. Good. Okay. Okay. Well, so she's willing to provide$1 ,312.32 just to break even, not even make progress because that break even, remember, takes about 45 years. So once all the deferreds are gone, though, which will all happen in the next year, then it will be a much better situation. Yes, you will snowball. You will snowball.

1:31:01Yeah. At that point, once that's done, I mean, it's still probably like a five-year process. six year process but what would i would do instead yes dude what i would do instead 19 000 take it that pays off um well let's see let's see 240 okay so we have total let's budget 15 000 no no let's okay fine yeah fine just because i want to air on the i want to air on the side of caution to get that 19 000 on the side of choosing not to sell i would have to wait on the truck for like a year. I mean, that's a rare buyer. Sell it. Sell it. That's why I'm saying 15 is what we should aim for. Dude, literally your bad debt.

1:31:40Outside of your car and mortgage is 21 ,540. You can wipe it out and then we're done. You're not breaking even anymore. Okay, f*** off. This is as clear as day. This is the easiest thing. You can take care of this tomorrow. So I'm f***ing done. Listen, I'll at least help this guy out by, we are going to call his long last friend in the post show and we are going to, we're going to, no, no, we're going to do it right. We're not going to do it in a Gooney way. We're going to do it in a rekindling. I want to be actually serious about it. We're going to do it very real. So we'll do that in the post show.

1:32:06Join Hammer Elite and watch that. Let's get the Hammer financial score though. Spending in a budget. You overspend, 0 out of 10. Debt, no collections, but all this together is horrendous. It's about a 1 out of 10. Emergency fund, agency savings, 0 out of 10. Retirement, there was nothing 0 out of 10. Real estate, you don't have an equity position. Interest rate isn't the best, but I mean, it's also not the worst. The house itself is shit. It's going to be hard to sell a two bed one bath. It's not great. I'm going to say three out of ten on the house score. Closet's not really going to help build that up much.

1:32:40I'll tell you that. Hammer financial score rounded up one out of ten. Get yours at calebhammer.com and make sure to join Hammer Elite to get an extra 20 minutes of this episode and every other episode and three premium shows. Was it every single day? Monday through Friday. I'll see you in the post show. It's going to be a very interesting one. I know it's going to be awkward for you. I know it's going to be weird for you, but I think you should call. I was intending on, after getting all my s*** sorted, walking up and handing him$6 ,000. No, no. This is your friend. I don't care about the money part.

1:33:07I don't think$6 ,000 is a reason to lose a good friend. Give him a call. Oh, here he is. What's up? Hammer Elite is the best YouTube membership on the platform, and I just upgraded it. New dedicated premium shows every single day, Monday through Friday. Join with the link in the pinned comment or description below. This is the best membership you'll ever join, and that's a promise.