Dave Ramsey Was Wrong, Now She's F*cked | Financial Audit

26:19But typically, lenders verify that the first FHA loan has been paid off completely before allowing you to get another one. I don't know, man. I think you're a little ahead of yourself here. And why do you think you're able to double your living costs? Our goal was to use some of the equity from the house to pay off some of the debt. So some of the equity that we might not have. Your contingency offer, does the contingency rely on you making money on the last house or just selling the last house? Because you might not actually make equity, especially after you lose 6 % on seller-buyer commission.

26:54And then you also get any capital gains, by the way, if you do make profits. You haven't lived there for two years. Yeah, capital gains. Get ready. It's going to get you. Did you know that? Were you expecting capital gains? No. Oh, that's a big chunk. You haven't been there for two years, right? No, I've only been there a year. So there's that. And then you're going to have closing fees and a bunch of different. So honestly, you're probably going to have to sell. You put five down on it. Okay. It was what? $250? What was it? For my house now? What was it? $144. $144? Mm-hmm. $144? Probably going to have to sell it at$175 to break even.

27:41I feel like that's doable. The only thing is to— Yeah, but that's break even. There's no equity that you're throwing into something else. So how are you putting money down on this next one? It's going to be from the equity of the sale of this house. So you're relying on that. because this is what the lender and I have talked about. So this is... But that you talked about before you've even entered underwriting. This means nothing. This means nothing. You are so pre, pre, pre on everything. Pre, pre, pre, pre, pre, pre. No. Actually, before you even go do this, go through our real estate course.

28:08That's the most recent one we've done. You get it for free. You need to learn a lot about this right now. I'm a little scared that you're getting way too ahead of yourself. And even if you get into this other one and you get the FHA loan, which allows you a little less down, that is still a higher minimum payment. payment like yeah how that's what i was worried about worried about no it's double the house yeah how do you think you can possibly afford that if you have 80 000 hours of bad debt and you can't even afford to live you spent more than you made last month did you know that i didn't well you did congratulations because that's debt lady that's the household by the way the household of three-year-olds remember that one yeah okay so how do you think you can live that life my dad has also offered to help with rent because now he doesn't he helps with like child care like he'll help out watch my son if I have a really important meeting I have to do or he'll pitch on some groceries or something like that but I don't I don't ask him for anything because he's on a very set disability amount and okay well that's okay and so he just kind of pitches in where he can um but he agreed that if we do move to another house he would like to pitch I see you've said it's$7 ,500 to replace the HVAC and furnace.

29:20That is better than double the house. Yeah. That is better than double the house. I'd rather you have a$7 ,500 potentially interest-free loan than a house where you're only putting a couple of percent down could go under value and a minimum of the payments that we can't afford, which puts us underwater in a situation you might not be able to sell because who knows what's going on with interest rates. We're in a weird hold period. Because right now, we've had all kinds of crazy quotes all over the place with interest rates. This makes no sense. I have notes that you track what bills are due each week.

29:51You have a debt tracker on your phone. I do. Holds in your notes app. And you up a date once a month. You're in charge of all the finances in the household. And you're very frugal. Then you have all this bulls**t spending. All these, like, you guys are spending more than you make. You didn't even know that. We have horrible debt. And you're thinking about getting a house you can't afford. This doesn't make sense. Those things are so conflicting. Make that make sense for me, please. I can't even make sense of it. How aware is the husband of the finances of the house? How involved is he in the conversation?

30:18Because it sounds like you are— I try to sit down with him at least once a month and be like, hey, these are our bills. Let's go over everything. Let's figure this out. What does try mean? He pretty much just leaves everything up to me. Is he informed at least? Oh, yeah. I update him all the time. Like, hey, the water bill is$114. I just paid that with your check or whatever the case may be. Like I tell him about every time I'm paying a bill. All right. Where do you think your household financial score is? Zero to 10, zero being the worst, 10 being the best. Where do you think you stand? Probably a one.

30:53Watch your Hammer financial score. See where you are in the world of finances. I'd be happy to assess you. Take the assessment at CalebHammer.com. Go to CalebHammer.com slash apply to come be here on the show. And don't forget, if you download my budgeting app, in order to not be a guest on this show, it'll help you a lot. and those who sign up for the annual version, you get my budget-friendly cookbook signed by me and sent directly to your doorstep. What is home inspiration? What is this card? Ashley Furniture. So not only could we barely afford to get the house, we only put a few percent down, and now we can barely even afford getting a new house.

31:27We went on, we got a... Listen. 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. Or 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. Be very clear. You want to know how you look at life? You want to know how you look at life? So I'm going to let you in on a little secret and a perspective you probably haven't thought about. You put more value into feeling comfortable in seeing things that you like.

32:17Because this that you finance for Ashley-owned furniture, guess what? It's the cost of the new HVAC and heater. But you chose furniture. Beds. Beds. The kitchen table. Yeah. You did not need. I slept on an air mattress for nine months when I moved on here. Me and my son. Wasn't the best. queen-size air mattress for months. There you go. This, heating in Texas, or AC in the heat of Texas? Yeah. We don't f*** with that, especially when someone could die from it, your dad. Well, when we first moved in, it was kind of cooler outside, so the HVAC system was running at, like, like it would put out like 72, 70, and then once it started getting hotter, we realized it was not working.

33:01Basically, it was circulating air. It wasn't actually cooling. When does the interest rate period end in this? I'm not sure. Okay, you're the one that's tracking the finances. You're the one that tracks all the bills. How do you not know? I don't think there is a period where it ends. This is a fun one. I get to get you free money, and then I get to get myself free money. It's a pure win-win for both of us. What do you have to do? Sign up for a SoFi high-yield savings account and get a welcome bonus of$300. Sign up for Acorns using my link and get$20 instead of the usual$5. Finally, sign up for Silo and earn up to$5 ,000 in cashback on your own stocks.

33:41These offers have been negotiated to give us both more money than using traditional signup methods. So use the links in the resources section of the description below and get yourself$5 ,320 right now. I've read over every statement, every contract that I had from getting the furniture. and there's no like, oh, at this point, the interest rate's going to jump up to this. Like other ones say that. We're like, you get this 0 % interest rate for six months if paid in full or whatever the case may be. Why haven't you called to ask? I have and I've called Ashley and they're like, you need to call Home Inspiration.

34:21Well, yeah, it's not through Ashley. So then I've called Home Inspiration and can't get a direct answer from anybody. They keep transferring me. and so that had me a little suspicious and then there's also three different login websites to pay my bill that are all different links so it had me very suspicious and cautious and so that was another reason why i was considering taking out the debt consolidation loan so i can get rid of that and any well it's not the consolidation loan dude listen it takes six years to pay off Minimum payments only. And we know that these period, most of it was 60 months, which is five years.

35:00So defer, do you know if interest is deferring? I mean, usually on these type of cards, they do. Listen, you're right. This statement is quite bare. It doesn't show a lot. But the fact is six years to pay it off, but it's five years, five equal payments from when it even started. And this was like a half a year ago, right? Mm-hmm. So you will not pay this off in time before the interest just hits. Like, I definitely, like— How many times have you called them? Be real. Probably, like, six. Hmm. Because we went in there, bought our beds, and then bought a couch that was on sale. And then I called in after that and was like, hey, like, how long of a period do I have on this?

35:45Or, like, you need to call Home Inspiration. So I called Home Inspiration. They're like, oh, we have to transfer you over to this department. Get transferred to that department. You have to get transferred over to this department. I got you. Maybe we'll try in a little bit. Care credit. What's going on? I despise care credit. Dog bills, dental bills, medical bills. When we first moved here, my son got bit by something, and we had to go to the urgent care and then to the emergency room. And that was— You don't have dog insurance? I do. What's your insurance for the kid? It's through my work. It's Aetna.

36:20Mm-hmm. That is not bad. Mm-hmm. But to go to urgent care, it was like$180 for like a 15-minute visit to be seen the first time. Sure. And then the next day they said, oh, you can have like a free follow-up within a certain time. I go in there. They're like, no, you're getting charged because this is a sick appointment. Another$180. This is at$3 ,000 practically. Well, no. And then they're like, you need to go to the emergency room. So then the emergency room bill was$2 ,000. That's interesting. And then I paid some of that on my health savings account card from work. Was it in that work, that emergency room?

36:54Yes. Okay. Well, yeah. I mean, we just had different insurance via Edna, I guess. That was not, I mean, my copay. I didn't realize I have a high deductible one. My deductible for it's like$4 ,000. You didn't know? I didn't. You don't sign up for the plan you want to? So when I was filling everything out, I was talking with my colleague about it and was like, Like, I've never had, like, in California, we were under the poverty level. So we were on Medi-Cal, state insurance. I've never had a pay for anything. You were under the poverty level making$75 ,000 a year? That was before my raise. And my husband was, his job there was just inconsistent.

37:31Sometimes he would get five hours a week. Sometimes he would get 40. What have you guys been doing in life? Like, we're floundering. That's the easiest way I could say. And you don't seem like a person that hasn't had opportunity. Like, I'm... Did you go to college? Are there student loans in here? My student loans were covered by FAFSA. So you went to college? I went to trade school. I have an associate's degree in veterinary technology. I already know about the poverty line. What about the dude? He didn't graduate high school. Okay. So he... Is he giving me a GED? He, we ended up... He's going to run a business, but he can't run his life?

38:07He has a high school diploma now. Okay. But at that time, he didn't. It's not about the diploma for running his business. I don't care about that. It's the fact that just like, look where we are. And now he's going to have to manage a business financial, which is much more complicated. Well, so they're like, the financial part's going to be on you. And I was like, I really don't want to do this. Not only that, but you probably don't have time. No. Because that's kind of like a full-time job. I'm a stay-at-home mom and I have salary. So sometimes I work 8 o 'clock in the morning to 8 o 'clock at night.

38:32Okay. Do we have pet insurance? Because these are pet bills. I just stopped it because they tried to raise the premium for two dogs to$270 a month. And then they're like, well, we can raise your deductible and I'll make your monthly payments lower. You go and get a different pet insurance, right? So they have chronic allergies. So it's considered pre, like if they already have it predisposed or whatever. So other insurances won't cover that. But with my history being in veterinary medicine, I've got their allergies pretty under control now and can manage it pretty easy. And when they do have a flare-up, it's about$200 or$300 to get that taken care of.

39:14So this is at$2 ,679.02 with the$92 minimum repayment. You made the minimum last time. $64.76 of interest. How long does this take to pay off minimum repayments only without anything else being put on it? Takes forever. How long? like years, like three years. Okay, add a one in front of that three. Oh, that's disgusting. Yeah. But I don't know what to do without the care credit. Like I want to have that as like a safe fallback. And we get an emergency fund by not spending 500 hours a month going out to eat or whatever it was, plus more on. We don't get an emergency fund by getting a house that is double the cost.

39:54We don't get an emergency fund by holding on to equipment and storage lots back in California. We don't get an emergency fund by continuing to go into more debt and spending more than we make on a monthly basis. But you need an emergency fund. That gets rid of care credit. Because then you just use an emergency fund for emergencies. But we don't do anything necessary to get the emergency fund. Not currently. I've had an emergency fund and then drained it for emergencies. I don't give a fuck what you've had in the past. I really don't. I care about what's today. I was a delinquent back in the day.

40:31So what do you do when you have an emergency and your emergency fund's already empty? Care credit. Yes, but I'm talking about how to get to an emergency. You're not living the life that is necessary to get an emergency fund. You're about to get a house that is double. You're almost about to sign a contract to get a house that is double. With contingency, which let's see if they even agree to that. What's an emergency fund to you? I would like to have like three to six months of like regular bills. Okay, so David Ramsey did say something similar. I would do six months, preferably, but why haven't we prioritized that?

41:07Because that's what saves us. So I had one. Remember how important that three-year-old is to you? Yeah, they need an emergency fund. Yeah. I had one, and then emergencies happened, and I emptied it. I know, but you haven't done what is necessary to build it back up. When you don't have an emergency fund, that within itself is an emergency, and we cut everything to build it back up. I have money getting pulled out from my check right now. I have$200 getting pulled out and putting in two separate. $200 is going to take forever. I know. There's so many emergencies that are going to happen before that.

41:39I need to pay off debt. $200 savings, good job. Thrilled. $650 going out to eat. When I'm working eight in the morning to eight at night, I have to eat. A third, it's okay? We have to eat. How much time is daddy working? Papa. Not yours. The one you're married to. My husband? Yeah. The dad of the child. So he works, he was working overtime 10 hours a day, hour drive there, hour drive home. Yes, tell me what he's doing now. He's working eight hours a day, hour drive to work, hour drive back. Cool, he can cook. He's learning. Oh, is he going to be a bit tired? Is he going to be a bit tired? He's learning how to fry the egg.

42:15Spaghetti, dude. Dude, when I was growing up and we didn't have money in foreclosure notices, we're hitting. We had spaghetti and meatballs every other meal. You don't have to know how to cook to put pasta in boiling water for 10 minutes. We do do spaghetti. We have – Well, there you go. Mission success. You figured it out. Sandwiches don't need skills. They are two pieces of bread. We do PB &J dinners quite often. It can be a little better than that. You have, for what it's worth, the money to have reasonable groceries for reasonable meals. I'm not against that. But it's like the only – your entire thing is like, I need to have credit.

42:50I wouldn't know how to live without credit. Okay, I do. It's an emergency fund. But I'd rather put literally three times, more than three times the amount we're putting towards savings on a monthly basis towards just going out to eat. Because we work long hours. You know why you work long hours? Because when you don't have an emergency fund, you have to use credit, meaning your emergency payments on life is higher, meaning you need to work longer hours. I get paid the same no matter what. I'm salary. I'm not paid hourly. You're at home though, right? Yeah. You can still, you can put the pasta in, dude.

43:22It's 10 minutes. I've done that and burnt the stove. Well, sit there. Sit at the fucking kitchen counter on your calls. So I have three monitors. Okay. Use one during the pasta cooking. Well. We've all worked those jobs before. I've worked sales. I get it. Trying to toggle between the different windows and do presentations where I'm sharing my screen from a laptop on cooking dinner. This is a little tech savviness. Come on. This isn't brutal. Come on. That's going to be a dumb excuse. That's going to be a dumb excuse. It's a realistic excuse, though. When you're trying to have a meeting and you're presenting screens.

43:50Yes. we've all done this and trying to cook my work would not like that okay I guarantee you have 10 minutes in the day guaranteed you have 10 minutes when you're like chilling with a 3 year old you said you're equally stay at home mom try to be well there you go you can do pasta during that time you can do BLTs during that time and when I do cook dinner that's what happens I do a lot of crock pot Okay. Well, you do a lot of going out to eat. I do. $650. So more crock pot. When your entire thing is I work long hours so I don't cook, so we do$650 going out to eat. No. Can you get an emergency fund?

44:33You don't have an emergency fund. HVAC died. Uh-oh. Need an emergency fund. Don't have it. What do we do? Kid got bit. Don't have an emergency fund. What do we do? I pay some of that on the health savings account. Well, that part's good, but obviously it's not enough because you're using care credit. You need an emergency fund. It's talking about this health savings account. I'm glad you're doing that. Tax advantage. Yeah, that's great. But obviously, it's not going far enough. And obviously, you no longer have the room in your bud to throw more into the health savings account. Okay. Let's go up with this Capital One Kohl's card.

45:04We really need a Kohl's card? So the Kohl's card was, I believe, one of the first credit cards I got as an 18-year-old trying to establish credit. Everyone's like, hey, you need to build your credit, get a credit card. Sure, but this was nine years ago, and I see a balance of$2 ,461.17. That's one of those ones where I've had it paid off multiple times, and then close. So what is going to change this time? You're considering a consolidation? What is actually going to be different? Please, pitch it to me. Pitch your consolidation. I want to close the cards. I'm worried about my credit history. You will open them up again, though.

45:33You will open up another card. A credit card will show up in the mail. You'll open it up. Look at your history. I don't do the credit cards that come in the mail. Fine, you'll open a store card. Listen, the thing is, based on your history, I just have no confidence you want to open a card. I want you – I do want you to close the cards. I'm not against that. It's more about the spending, the behavior. It's not just the act of closing the cards because then you'll just blow everything in your checking account. So my habit with the cards is I've had a card close on me for not using it. So then I was like, oh, I have to use the card to keep my credit established so it doesn't close and tank my credit history and tank my credit number.

46:04What even is your credit? Because, I mean, you're applying for a mortgage. You haven't gone through – It's not great. It's$659. Yeah, so not even favorable rates and an unfavorable rate market is coming your way. Do not get this house. I understand what you're thinking, but move laterally maybe, but okay, go on. Please pitch me on this. So then the Kohl's credit card, they did a thing where you can use it anywhere. The Kohl's. Yeah. Yeah, okay. Yeah, it's a Capital One card, honestly. Yeah, so that paid for gas and food while moving. It's at the credit limit right now. Yeah. What the f***? Why?

46:44That was one of those cars that we used to move. How much did it cost this move? About$4 ,000. So primarily I'm here then? And gas and food. That doesn't include the things breaking. The total cost of moving. I'd probably put us closer to$6 ,000 so far. But that means you said you drained your emergency fund for that. If you drained your emergency fund for$6 ,500, You didn't have a fully funded emergency fund. Not at that point. So then we're not moving. We needed to get out of California. You did not, but you could have put him up in a month-to-month place. We couldn't even afford our rent. How much was your rent?

47:22$1 ,500. Yes, you could have. My husband, his job, again, sometimes he's working five hours. Sometimes he was working 40, 60. Like, it was all over the place. That's not a flee the state situation. That's a job searching situation. Well, we also couldn't stay in the house that we were at. But you made the same money you made now. Why? My mom was moving back into the home and... She wouldn't let you live there for a few months. To fill up... I'm not saying stay there. I'm saying get a fully funded emergency fund first. Well, we stayed there a year over what we were supposed to. Cool. But we have an open and honest conversation.

47:53Hey, we need six more months just to get to that savings for the... Does she love you? No. Solopreneurs, listen up. You're wearing all the hats. Sales, customer service, marketing, maybe even shipping. And that is brutal. You want to automate all of your business headaches into one software? That's where High Level can help. High Level allows you to capture leads, build funnels, message potential customers, and close on your leads all from one dashboard. No more logging into multiple tools or missing leads because you forgot a step. You can literally be out grocery shopping while High Level nurtures your prospects.

48:29Let's talk money. How much money? If you're paying$50 for email,$40 for texting,$20 for booking, you're already at$110. And that's not counting funnel software. HighLevel can replace it all, possibly saving you some serious cash. I twisted their arm for an exclusive 30-day free trial, twice the standard. If you crave more time, less overhead, and better follow-up, check out the link below. Because letting leads slip through the cracks is basically giving away free cash. And we do not do that around here. We actually went no contact. what the oh because you're supporting dan no well part of it um why is she so we're talking now um it's not a very healthy relationship it's never really been healthy why did she let you stay there then it'd be a weird thing huh to control me well what was she able to do to control you she used the house to control me I'm coming to my house to see my grandson we're sick right now were you keeping her away from your grandkids we were sick we had COVID I didn't want anybody coming over I didn't want anybody exposed well that's I guess her choice if she wants to get sick right and then her choice and boyfriend is we don't like him why he showed up to a family dinner that he was not invited to we're supposed to be there he's cheated on her the person he just showed up to a dinner I don't think that's a cancelable offense with a gun legal no that's a bit weird yeah okay go on and then he's also cheated on her multiple times that's not good okay so the lady he's cheated on her with messaged me telling me i'm why are you cutting off the grandma though your mom she allows it she keeps going back oh yeah but what if she's being manipulated in the same way that you're saying you're being manipulated by her well she probably is and we were just enabling each other yeah i finally had to put my foot down i can't do this.

50:22Cutting contact isn't... Well, and she also had really bad alcoholism. Jeez, okay. Yeah. And it got to a point where she was screaming at me in front of my son, and I was like, we can't do this. I agree. I agree. I agree. Well, it sounds like the move was okay, but still, you did not have a fully funded emergency fund. You really suggested like you did, and it was drained before you moved. We were just trying to basically flee. But you didn't have a fully funded emergency fund. Not fully funded. No. It was started. Yeah. Okay. So again, on this card,$2 ,461 to$17, minimum fee payment,$89. $63.96 of interest accruing, maxed out, 13 years to pay off minimum fee payments only, which is all you're doing.

51:06Actually, you made a little under your minimum last time. I think my minimum just went up on that one. It's at a 30.24 % interest rate. And then I was trying to do the David Ramsey method, the snowball, pay off the lowest one first. So I was throwing any extra, like instead of making a monthly payment on a balance that's$240 or not a minimum payment. If it's$30, I'm paying$60 or$100 trying to get those lower cards paid off first. Do you like his co-host, like Georgie Camel as well? Georgeson Camel? I've only really paid attention to David Ramsey.

51:45I had a friend turn me on to him and was like, hey, you need to start watching him because I was venting to him one day. He was in a lot of debt, paid everything off, was debt-free, emergency fund. He's doing everything he's supposed to. So I turned to him and was like, what? The Burlington Coat event is back. Buy a coat now through November 29th and get$5 off your merchandise purchase of 25 or more from December 6th through December 24th. Plus, Burlington is donating 50 ,000 new coats to help those in need nationwide through our partnership with Delivering Good. We've been keeping you warm for over 50 years.

52:21We'll see you at our coat event. Burlington. Deals. Brands. Wow. Visit burlington.com slash coats for details. What do you do? And so he was like, hey, watch David Ramsey. Do you also watch Gramathan and Stefan? I don't. Okay. Just wanted to check. I don't even know who that is. It's okay. Okay. and then I found you on TikTok instead of watching all your videos, and I was like, I need to conquer this debt. My goal is to be debt-free. I want to be able to— It's a good goal. I wish you'd do something to do it. I still have your spending for last month. This is what everyone does. You're saying a reasonable thing, but then your actions are completely the opposite.

53:00Lowe's card. And I understand the escape in California. I'm not against that. And the Lowe's card is my husband's. $2 ,145.57. with a minimum monthly payment of$72. Well, your husband did not purchase it, but interest was accruing. $49 takes 11 years to pay off. It's maxed out. No one's surprised. So what's going on with this one? So that one we got prior to moving, the house that we're living in California was actually falling apart around us. Like literally. Okay, it seems to be an ongoing pattern. Yeah. Like roof was falling apart. the porch poles falling apart, walls falling apart, like just everything was falling apart.

53:47The kitchen had massive amounts of mold in it and it actually caught on fire before my mom and my dad bought it. So ended up having to fix stuff in the kitchen. And then after having my son, we had the original carpets in it from when we moved in in 2004. And we've had multiple pets. So we put in the LVP flooring or like that plank vinyl flooring, We found some on sale at Lowe's. But 11 years to pay off those renovations, I don't— It wasn't even your house. Like to renovate. That's what we prefer.

54:28That's what we prefer, huh? Sick. Change is good, right? Yeah, what about the change in not having debt? That's a pretty good one. that's a pretty good one Dave would suggest so he would also suggest that you should get the Fizz card instead of any of these cards I would do that for you only allows you to spend on senior checking account which is good okay yeah I mean this is sitting with a 31.99 % interest rate well some of them a part of it and then 26.99 % for the rest yeah Home Depot Repo. That's our house now. For more renovations we want to do because change is important. Change is good, right?

55:13Change is good. Fixing the house is good. Fixing the house for necessary things that are danger in life I can kind of vibe with. But again, those are emergencies. Emergency funds will take care of it. You don't do what is necessary in life in order to achieve an emergency fund. So you're allowing yourself to say that this debt is okay because you had to do it. When in reality, it's not because if you were just a mature person in the end, you would have had an emergency fund. What did you study in college again? Veterinary technology. That's right. Okay. 3 ,000. This one's over the credit limit.

55:47This one's over the credit limit. That's my husband's. I also have a Home Depot card. We each have one. What the fuck? Why? What's our obsession with the depot? We only have a Home Depot in our town. You have a Lowe's card too. Lowe's is an hour away. Yeah, but you have a Lowe's card too. What's our obsession with the – I like Home Depot. I don't have a Home Depot card. What are we doing? You're over the credit card limit by$218.62,$3 ,218.62 with a minimum monthly payment of 103. These minimum monthly payments are stacking up and then you want to double your mortgage? Good luck. That's where the debt consolidation loan kind of came in.

56:30Yeah, but there's still going to be more minimum payments than knowing you, just like you've done in the history of your cycle for the last nine years you're gonna do it again that doesn't fix it i'm ready to break the cycle you're ready to break the cycle but a consolidation without changing your behavior first does not break the cycle i'm ready to change you're ready to change your behavior but you have not yet and you should not consolidate until you do so i don't know what the we're thinking about doing here especially since this is going to 15 years to pay off and like the consolidation loans are high interest rate anyway are you gonna be able to borrow enough to consolidate all of this probably not all of it the ones that have lower balances we wouldn't include i feel like honestly you're just really trying to make a reason for this new house to work even without the new house i want the cards gone there huh i want the cards gone i don't want why are you spending the way you do again the words are not lining up they're there the cards are there yeah but the words are not lining up with the actions so we can start paying down cards.

57:29Instead of, you haven't paid more than the minimum payment on any of these cards so far. You haven't got to those ones yet. I said on any of the cards so far. I know there's a big stack there. Keep looking. You spent$650 on going out to eat. That is not cute. That could have gone towards this card. That could have paid off a fifth of the care credit. A fifth of the care credit could have gone away if you did not go out to eat, but you did. So that is not cute. That is not cute by any means. And part of that eating out was us going to Tennessee. We did spend, I think, like$200 eating out in Tennessee.

58:10Fuck you. I don't care. Don't go to Tennessee. What are you talking about? My husband's grandpa was dying. So we went to Tennessee and we ate out because we were in a hotel. We got some snacks and stuff to get us by. I understand going to Tennessee. I'm not horribly against this. with that situation specifically. But I am very against the, I mean, you did not need to do the eating out thing. When my family and I, we did like that low cost of living travel, we grocery shopped when we took road trip slices. That's what we had to do. I tried to find a hotel that had a kitchenette in it so I could cook.

58:43Buddy, we're just looking fridges and sandwiches. That's what we did. That's what we did. I know other people can do it because I went through it. Okay? Like, yes, go to Tennessee. Grandpa passing away. I hate that. That is so sad. I want you guys to go there. That does not mean we use it as a reason to not continue our sacrifice all around. I'm not against the travel. And I know I sound like I'm a hard ass. We also ate out with family. Okay, but that is different. It wasn't just the eating out with family. Maybe I would have allowed a couple eating out with the family. And we're all together and we're celebrating someone's life, okay?

59:16I get that part. He is doing better now, though. The grandpa. Great. So it was worth nothing. So the me trying to—okay, f*** off. He was not doing well. He's got cancer. It comes and goes. We really—like, I'm glad we went because I don't know when we're going to build you back out there. Yes, me too. I'm not against that. I'm against the way you did it. You're not willing to sacrifice. And that's what I'm trying to change now. I will never understand this. And, you know, I might get some pushback in the audience from it. I don't get it because that seems like a reasonable response, guys, right?

59:53But I've been on this show. I've done this quite a few times. My question is, and why the is it not in the statements that I'm looking at? If you would want to change something, I would see any indication of it. This is what happens. I swear people get on here. We've been filming for an hour and one minute. They're getting pushback on their decisions. And the most natural human response to say is, well, now I want to change. Then why wasn't there a single one cent of change before you sat in this damn chair? That's the cycle. I go, I, I've changed. I've had therapy. I've done all that. Dropped out of therapy.

1:00:27Dropped out of therapy. Yeah. Or whatever. Moved. Lost a therapist. Whatever the case may be. And then. Most of you can do remote while you're now and about, but go for it. Well, I'm starting therapy again. Hence the whole. Oh, come on. You complete your entire life collapse because you weren't in therapy for a second. Come on. If you're that. I'm not blaming it all on mental health and not having a therapist. What are we blaming it on? Because it sounds like a lot of blame outside of our own just accepting responsibility and saying that, you know, maybe I'm not ready to change because I haven't done anything necessary to actually make ready for change before coming on.

1:01:03You haven't got to all of them yet. Oh, come on, buddy. I have you spent more than you made last month. The household. We have that going through all this. I don't even see how that's possible. Because debt.

1:01:19Because spending$650 going off to eat alone. And see, having it broken down like this, I think helps with the desired change. Of course this is helpful, but you're not, but you didn't give any indication. You could have used the budgeting app where everything's automated. You could have done that and you would have seen all this information. Your little tracking, you said you know where all your bills are. you would have known this okay and see i have the bill i have the bills alone not the eating out or extra expenses included you don't look back on previous months they're never gonna make progress there's no point of only tracking half of it if we don't know what's going on with the other half that's that's an inconclusive picture i think part of it too is like my dad he will help pay for stuff so then i it's like a let's go out to eat because dad's gonna pay and then he'll pay for a portion of it.

1:02:09What comes in for him? He gets about$800 a month from disability and then It's brutal. little side hustles and things like that. He can get an additional maybe$700,$600.

1:02:27It just kind of depends on how his health is.

1:02:33I don't know man I don't know man I get it and I get it looks good I get it looks good when you say it and it makes you want to say it and it looks good to the audience when you say it and it helps you f***ing defer the actual pushback against you but literally if I hear I literally hear every single person on the show say I'm ready to change I'm ready for change yet they did not do a single scent like actual scent of change the moment before coming on. Stop. I know what your spending was. I know. I know what your spending was. It was not good. But I've made small changes. I understand the spending's not good.

1:03:09Maybe we'll see. I got baby steps. Guys, I got... No, no, David. Because there's more than monthly payments being, or more than minimum payments being made. We'll see. That one's my husband's. Okay, three in a row. for the man. Yeah. Cabela's. And that's another use anywhere kind of card. $1 ,786.24 with a minimum fee payment of$65.

1:03:42Okay. Yeah, I mean, most cards are use anywhere cards. That doesn't mean we get to the credit limit again. Interest accruing. By the way, this also shows the indication of lack of change. They're all maxed out. Some are over maxed out, meaning you really can't spend on them anymore, meaning that even if you you wanted to you couldn't so listen you probably did a few months ago now you can't so this this is another reoccurring thing remember I do this like five times a week if you could have spent on these cards you would have this only looks good in these part of the statements because you're not because you're at your max it's incapable to spend any cards yet you still spend more than you made which is crazy 12 years to pay off for this one 31.24 interest rate on all this so what are we doing with this card what happened because they're all maxed out meaning we did at least recently spend on these cards and no they're not all for the moving expenses at this point because you said it was six thousand five hundred yet we drained our emergency fund only needed a few thousand but our credit cards so far that we've talked about are nearing twenty thousand dollars so no this wasn't all moving what well the home depot ones are for renovations lowest ones renovations.

1:04:47Okay, what about Cabela's? Cabela's? Cabela's. That one, part of that was moving expenses, and then once we got into the house, that was also we remodeled one of the bathrooms that didn't get covered by Home Depot costs, and buying the tools and equipment to do the renovations. I just... And then some of it was also groceries. Did you need to do every renovation you did? You said you renovated the kitchen in your current place, right? No, my old house. What did you renovate in the current place because you said you did renovations. We've done the popcorn ceilings. Why would we focus on popcorn ceilings and not a broken sink?

1:05:23So the sink wasn't originally broken. Okay, this shouldn't be a horribly hard fix. I'm not sure exactly what's wrong with it. Get a plumber. So I had my uncle out who is a retired plumber. The family thing gets weird because like, I don't know. It always gets weird when you ask family for help on those kind of things because they might not put in full effort or even if they don't Or even if they do, maybe they're not as educated as the real person you want to come in. And whatever. You can't push back against them. You can't really push for what you want. It just gets really hard. You just want someone who's only there to provide the value they do.

1:05:57And there's not a family dynamic when it comes to this kind of stuff. So we do plan on getting a plumber to come out. Why haven't you? Just like you plan on fixing all this but haven't. Come on. Water's leaking everywhere. Huh? Part of it's been I've been worried about getting in more debt, having to take out a loan to pay for this. Girl, you're about to double your mortgage. I was talking with my neighbor. She had a plumbing issue too, and they had to pay$2 ,000 for the plumbers to redo her piping. Get it diagnosed first. You don't know what it is. I don't care what her plumbing issue was. And we also don't have a clean out, which is really weird.

1:06:29So I had the city come out and see if they can locate a clean out. Dude, literally just get it diagnosed. I don't give a f***. You don't know what's on the other side. Well, every time I tell the plumbers, I've called, gosh, almost every plumber in my area and asked like, Like, hey, can you guys come take a look? Like, this is what's going on. It's been snaked. Not sure. It's$100 an hour plus$180 an hour for the camera because if you don't have a clean out, we're going to have to use the camera to figure out where we're going in the pipes. It said, okay, about how many hours could you estimate?

1:06:58They're like, anywhere from four to six starting. Okay. Another Home Depot card. This one's yours, yeah? Yeah. And again, renovations. $999.90. Renovations, critical things in order to survive. purchases$43 on this one, your card. Come on, why are we purchasing on your card, the one who's good with finances? $35 minimum payment.

1:07:26What'd you get? It was seasonal garden section. I don't even know. Huh. Yeah. Guys, we're ready to change. 30 % of just... Seasonal garden... Yeah, let's get you back in therapy, because you might need it. Listen, I'll give you three free therapy sessions is the sound of mine. It's the promotion that our audience gets and I get and you get. So do that. I'm going to give the course career certification to your husband because we need to make him more money too. He's looking at other jobs currently. Well, I heard he wants to start his own shop, which requires upfront capital. So, okay. America's tire.

1:08:02Let me guess. Is it for tires? Yep. You ever get a genius video idea while showering or stuck in traffic? But by the time you sit down to make it, you realize you'd need a film crew, an editor, and probably a four your degree in animation. Cause yeah, I've been there. And that's why today's sponsor, InVideo AI exists. It's like ChatGPT, but a Hollywood production team instead. Yeah, type in the idea, literally just a sentence, and it turns into a full length video in just minutes. So let's try this. Create a one minute video in hyper realistic style about what would happen to humanity if the internet ceased to exist.

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1:09:15You can try InVideo AI for free using the link in the description or scan the QR code on screen. It'll save you hundreds of dollars that you'd otherwise be spending on editing, animating, and other production costs. Let's get back to the video. I had two slashes in my tires and could have... You're slashing your tires. I honestly don't know. We don't know that many people here. I'm not sure if it's something that has on the road. $900,$45 minimum payment. The minimum was a... Oh, it went off a little because of a card. Okay.

1:09:50Expiration date of this promotion is in October. So that'll come out pretty soon. Best Buy, what's up? That's a Use Anywhere card. That's a dangerous card. Pretty much all. Yeah, I've used that one to buy Southwest Flights for family. The family? What? So— You joined? My mom's actually coming out in July for my son's birthday. So I— She didn't have the money right then. Good. She can come out when she can't afford it because you can't afford your bills. All right. So she's like, look, I can pay you from this paycheck and then I can pay you from the next paycheck. How's that worked? Not well. And then my cousin, who I had guardianship of at one point, is actually going into— Did you get insurance on the flights?

1:10:34No.

1:10:40Can you cancel it? Yeah, it's pretty early. Cancel it. She can redeem it if she pays. I don't know if I can. Try. Call. Have a conversation. Maybe you can. Maybe you can. But it's pretty far ahead. Listen. She's paid part of it. How much? Of how much? $200. Of how much? $300. Okay, never mind. We can keep it. Push her for the rest. Yeah. Also, there's a Walmart on here as well. That's groceries. Okay, so we grocery shop and go out to eat a ton. And Ross. That was birthday presents. I don't care. We don't do birthdays. We don't do birthdays. How do you know that? For the kid? For my son's friend.

1:11:26He got kicked by a horse and got life flighted out and then it was his birthday. Huh? My son, he made a friend and the little boy got kicked by a horse and got life flighted out. And then shortly after was his birthday. Life flooded out? Yeah. Like the helicopter landed on their property and flew him to Dallas to the children's hospital. Was he dead? No. Thankfully, no broken bones. He's got like, they were joking and said that he looked like Quagmire. How old? Three. Okay. It doesn't remember things. Core memories start around like three or four. It's barely. You don't need any gifts right now.

1:12:02So it's for his fourth birthday. Okay. Well, okay. It might just be starting to form core memories. I don't know. Like my son remembers it. He's scared of horses. Also, put it on. Well, it sounds like it just happened. Debit cards. Debit cards is where we put birthday presents. Not on credit cards that we can't afford to pay off. Tractor supply. Yard equipment. And dog food. I normally order their dog food through. Extra value meals are back. That means 10 tender juicy McNuggets and medium fries and a drink are just$8. Only at McDonald's. For limited time only, prices and participation may vary.

1:12:39Prices may be higher in Hawaii, Alaska, and California and for delivery. His website and when they don't have it in stock, I would go down to tractor supply and oftentimes they would price match for me. $29 minimum monthly payment at a$297 balance. 33.24 % interest kill me now yeah that's crazy oh I know this all to beauty yeah so what's going on I really lost myself in motherhood and just the fuck does that mean lost yourself in what way like I never did anything for myself everything was for everyone else my son especially like when I went to go put makeup on I realized everything expired in 2020 or 2021 and I was feeling really down about myself had a little bit of a crying moment it doesn't matter honestly I don't need the sob story because it's paid off every month yeah that was my husband's whole thing go take care of yourself we don't have the money right now you have the Ulta card it's paid off every month credit union of Texas 15 % interest rate is this a car which one is that $7 ,000 interest is this a personal loan Yes.

1:13:55Okay. Was this one of the consolidations? Yes. When? So that was actually part of moving expenses. What's the current balance, you know? You took out a personal one for moving expenses. It wasn't even a consolidation. Okay. So it was for – we did consolidate a couple cards and then – What's the balance? I believe it's at$6 ,800 now. $6 ,800. $6 ,800. Good. with a minimum monthly payment of 250.60. So this is for moving. This is not adding up to 6 ,500 because how much did you have in savings? 50 cents? We had, so my husband actually got five. How much did you have in your emergency fund was the question, please.

1:14:44We had 1 ,800. Okay, then do not. Okay, you set up that whole thing at the beginning when I was like pushed back and you're not having an emergency phone? Oh, I had one. I had one when it was drained. No, it wasn't. You had$1 ,800. That's an emergency phone. That's like a half a month for you. Come on. It was the start of emergency. It was something. It was something. It was better than zero. But you said it, of course. Right. But you set it up as you had an emergency phone, but I had to drain it for an emergency. No, you didn't. You had like a half a month saved up. Come on. And then like, this wasn't all for the move if it's at 6 ,000.

1:15:18You said the entire - I said part of it was for the move. And then some of it was for consolidation, but some of the other credit cards were for the move. Yes. Like, the math is not adding up here. I guess I never really looked at the total of the expenses for moving. Well, maybe we need to know our numbers if we're ready to change. Which, again, believes me, makes me believe you're not. I mean, you don't even look at your spending from the previous month. How are you ready to change if you don't look at your spending? I just feel like I look at it, like, on a daily to weekly basis. You need the full image because you can't edit anything for the future if you don't have the full image.

1:15:56Seeing something in a day doesn't hurt because these little things, they don't hurt. It's the death of a thousand cuts. I think that's where we're at with everything. Yes, that is where you're at with everything. And the person ready to change would look at it. I guess I never looked at it that way. I just break it down daily and weekly. I thought you said you watched David. I do, but I never look back at, like, previous statements and stuff. I just, I feel like I pay it, and I don't want to think about it again. I just want to keep looking at the future and getting stuff paid off. I don't want to look at what's already been paid.

1:16:32It's paid. I know it's paid. It's done. Okay, okay, okay. Not necessarily. They're on credit cards, except for the max out ones, because now you can't spend on them. So, no, they're not already paid. They're already charged. Okay, what about this personal loan at 7 %? I'm guessing. Or is this a car? It might be a car. I think that's my husband's truck. I'm being told... Wait, hold on.

1:16:57What? I guess there's another personal loan. Through Unify. Cux. I don't think I have... Maybe that's in here. But they're saying you already took a personal loan for an HVAC system in your current house. That's what it was supposed to be for. Where is it? What? Which one? The personal loan was supposed to be for the HVAC system. I believe— The one we just talked about? What is it for? Is it for consolidation? Is it for moving? Is it for the HVAC? I am so confused. Sorry, I have you. I have two personal loans and a debt consolidation loan. Sorry. Sorry.

1:17:37So I've had consolidation loans. I've had moving loans. And I had one that was supposed to be for the A-Track. This one's at 15%. It has a current balance of$5 ,896. So what did this go to in 24 cents? With a minimum monthly payment of$250 and$60. No, I'm confused. This is a mess. What is going on? What is this HVAC loan you're talking about? So we took out the HVAC loan. What is it? Where is it? It's the last one you said was moving. No, wait, it was consolidation. Wait, no. Okay, is it the one that's at$4 ,000? It was the last one that we talked about. Okay, which one is at$4 ,288.44 with a 16.74 % APR?

1:18:29I think that's the unified loan. And what did that cover? That was when we were still in California. For what? Gosh, I don't even remember. Oh, my goodness, dude. That one's like years and years and years old. And you still have it? So we ended up— What was the—you don't remember what a loan is for? I want to say—it was a consolidation loan to begin with, and then we took out—we were talking about taking out another personal loan for$1 ,500 to try to fix the transmission in my car at the time. So cross out that last one. Add$4 ,288.44 as the new loan with a minimum payment of, I don't know. What's the minimum payment on this one?

1:19:14So the Unify one's$250. Credit Union of Texas is$251. So$250. Okay, so$250 on that. This is lasting forever. What about this HVAC loan? What was that? So my husband's co-worker's brother does HVAC. We no longer do that. Don't use these personal little connections. Don't use these things. Go get a professional whose only job is to deliver the value that they are being paid for. We've definitely learned our lesson. Because after we got the loan out, we never got the amount that they actually needed to do this and never had the follow through. So it got used elsewhere. Renovations and car down payments.

1:19:58card down payments personal loans for card down payments oh for well and then i use some of the money and then you've been in and out of the cycle endlessly and again you think i i hope you change i really do but again you haven't there's not a single cent of change and you keep promise it's coming and i'm not seeing it i feel like women always promise that they're coming and then they never do so it's just like i don't know this is it that's a repeated pattern if there ever has been And it's generational. And I want to break this for my son. Oh. Not in that context. That's the big, like, push behind wanting to change.

1:20:36Yeah, but you had your kid. You were given birth. No, you had already given birth the last time you took out a consolidation. I know. So, again, what is actually different? He hasn't been reborn. The whole idea was debt consolidation and pay off the credit cards, get debt free. That's not different. That's not free. Take it out of consolidation. It's not debt free. Okay, not debt free. You've listened to David. I know. Okay, not debt-free. Paying off the cards and getting rid of them. And then it freaked me out when I had a card close on me for not using it. So then I was like, oh, I have to use these so they don't close my account and take my credit score.

1:21:07And then they also messed up my credit history when that card closed. So then when we were trying to buy a house, we weren't able to.

1:21:19Buddy, good luck, man. The 7 % of this finance, what did you finance? $28 ,194. That's my husband's truck. What's the current balance? $26. We pay, we do split payments on it. We do$250 twice a month. $500 payment on a monthly basis. Death. I don't know how you guys afford. I think it's actually$480. And you want to double your mortgage? Good luck. Okay, we'll do$480. But we do. You want to double your mortgage. Okay. We do pay$500 a month. What's it worth? What do you think? You owe$26. What do you think it's worth? Maybe$25 ,000. Okay. It's worth$16 ,425. That's disgusting. What are you doing?

1:21:56And you guys wanted to go get new cars, even though you couldn't— I know, not brand new cars. They're still new cars to you. You wanted to go get new used cars that you couldn't afford? Guys, so he could haul around a little dinghy, a little dinghy. Guys, he has to make four trips from California. You better get a$30 ,000 truck that's not worth a single— Well, you had to have something to tow the trailers. Temporarily! Okay, how much comes in from these trailers? Well, the trailer is down right now. Oh, for fuck's sake. Yeah, we're really changing our behavior. Come on. Look where your mindset is on everything.

1:22:33It was making us a good amount of money. What's a good amount of money? Like an extra two grand a month. Okay, two grand net or gross? Gross. Because what were you doing? Exactly. So what was it net? It was side jobs. What was it net? Two grand. You just said it gross. It was side jobs. What was the side job? Hey, can you take a load to the dump? Can you move this car for me? Dude, I would much rather you guys put in more effort in enhancing our career, getting him into a better career position, instead of this bullsh** justifying a$30 ,000 purchase of something that we cannot afford that has lost half its value since you purchased it or you overvalued purchase.

1:23:10Really, you're trying to justify the f**k out of this truck in every way possible, which means no, behavior will not change. Listen, it's f**k is destroyed. it's dumb. You don't know me well enough to say that the behavior is not going to change. But I know your finances and I know what you've done and I know your history and I know the language you're using here. You keep saying keep looking, but I know one thing for sure. Add it all together. You spent more than you made last month. So I'll keep looking and it'll still come to the same result. What is the balance of the car that you have? I also just heard you justify this truck like four times.

1:23:42So what do you mean? Like I do know what people like you do. I have these conversations. I do. My car is$20 ,000. Okay. $20 ,000 for the car. Interest rate better, 5.7. Minimum of the payment? $40 ,500.

1:24:03What's it worth? I could not tell you. What do you think it's worth? $18 ,000. Basically. Right about$19 ,000. This one held its value a little better, but it's still... Would you get rid of this car today if I told you to? I don't have, like, my husband has to drive to work, and my son has doctor's appointments. With getting another car still, would you be willing to get rid of it? You're going to trade down. As long as it's something that has a third row. Why? You have one kid. Right now. Even when you have a second kid, you don't need a third row. Well. Yet. Yet. Yet. We have five. If we had another kid, that'd be five people.

1:24:43You're holding around the f***ing rats? No, my dad. Me, my husband, my son, my dad. Just don't have a fucking kid's guy. Listen, the reality is, okay, yeah, sure. Shop, use third row. Okay. Buddy. $20 ,000 in the car. Listen. Yes, you trade down. You borrow$11 ,000. $1 ,000 of the$11 ,000 goes to paying off the car loan. $10 ,000 car maybe not a third row you don't 100 % need it yet we upgrade when you need it listen you can't afford these minimum payments and if you're not willing to change that you're not willing to change anything because it's a piece of metal we don't need sentimental value to it no it's not sentimental yeah we'll see okay mortgage this is fine the interest rate is at 6.1 that's actually better than I thought it was going to be for your guys' credit $141 ,882 owed What was the purchase one more time price?

1:25:45$144? Yeah. Oh, you're going to have to, you have to minimum sell$175 and good luck. It's not, I don't, it's not looking good. I'll be honest. Minimum to payment with all this included is$1 ,270.83. Yep, that's fine. That's not bad. What the f*** is this? What is a$53 ,639 loan? Oh, those are other loans combined. Okay. Oh. I almost literally died. The amount of death that almost has happened across from you. Please don't do that. But there is$957 in our... Oh, no. Actually, yeah. Oh, no. That's combined accounts, so it's not even like crazy. Okay. It's an Apple bill. Wait. You said keep looking.

1:26:42We've gone through the debt. What was I expected to find? I'm like. Huh, huh, huh, huh. Yeah. Oh, I looked. And I kept going. Apple bill. Amazon Prime. Stopping in some. Zelling out money. Apple bill. Oh, fuck. All right, here we go. And the Zell is just back and forth. Apple bill. Dutch Bros. Cracker Barrel. Nyax vending. Panda Express. DoorDash Jack in the Box, 51 bucks there. Amazon Kids Plus, Food Fast. CEFCO? CEFCO, the gas station. Yeah, but you went in and got something. That'd be my husband going to work. Burgerland, tell them to fuck off and stop stopping and be a big boy. School Bros Barbecue, that place downtown.

1:27:34Paris House, Asian restaurants, zelling out money. Burger King, Five Below, Five Below. Going in and getting some bullshitting restaurants. school. Wayfair's big sale is returning. Get ready for Wayday. For four days only, score up to 80 % off all things home with free shipping on everything. From October 26th through 29th, score Wayfair's best deals like up to 80 % off area rugs, up to 60 % off mattresses, up to 60 % off bedroom furniture, and more exclusive doorbuster deals. So mark your calendar and shop Play day starting October 26th at Wayfair.com. Wayfair, every style, every home. Bros Barbecue, Best Mart, Best Mart.

1:28:16And TJ Maxx Express, Panda Express, Five Below the Mighty Crab Cash App. I kept looking and it only got worse.

1:28:29Personal loan. Ah, here's that personal loan we talked about. There's some fees, transaction fees. Personal fees? I think that's the interest that they put off to the side. They just call it fees? No, this is interest. Interest is$72. See, total fees is$11.35. Might just be not having enough money in your checking or savings. $44 in this. I used it to pay off my son's medical bills. Yeah, that's our health savings. Then$900. No, no, no, no, no, no, no, no, no, no, no. That's my 401k. Hold on. You took out a 401k loan against it? I did. I kept looking I was promised something What the f*** are you talking about?

1:29:09This is the last piece of paper What the f*** Why? When? The 401k balance is great But it's so scary It's so scary If you lose your job with them They can call a 401k loan And you can get it owed like that You'd have to pay it all at once Like a call date in like 30 days I owe like$800 left on it Oh thank f*** When did you take it out? What was the total balance at one point? I think it was$3 ,500. That's so sketchy. You never take out$40. Oh. If that was called, man, you would have been fucked. And that was years ago. For what? We're finally looking at the end of it. You only know how to take out debt.

1:29:49Because you've never actually paid off debt. You've only taken out debt to cover debt. If you kick the can down the road. We're still looking at debt from years and years and years ago. Dude, you're 27. It's not a repeated cycle. you actually just move debt everywhere and then build it back up even further. You just built it up worse. That's why you have 80 ,000 hours of bad debt and you're going to double your mortgage. Don't. Don't. You want to get that house? No, don't. It's as easy as that. I solved that equation for you. I solved the damn equation. The equation is no. Okay, not including the mortgage, your minimum monthly payments alone are 2 ,081.

1:30:25So he's working just to cover your minimum monthly payments, not including mortgage. And then mortgage we know is$1 ,270.83. Utilities all together. Internet, everything. Electricity, trash, blah, blah, blah. How much? Internet's 86. Okay, 86 for internet. Water is usually about 100 around there. Okay, 100. Gas, electric? Gas is like 40 bucks. Okay. And electric depends on the time of the month. Average. I'd say average 150. Okay,$290 for that and then$86 for internet. Gas from DriveDrive, both of you combined. He spends about$60 filling up his truck once a week. I spend about$40. Once a week?

1:31:13Once a week, once like a week and a half. Okay, I'll put it at$360. Car insurances? so I have full coverage on my car full coverage on his truck and it's$240 K phone bill so the phone bill is$420 but it's not so I have more people on the line to make the phone bill do they always pay yes how much is yours so the household you guys so$420 minus

1:31:51150. What the f***? 65. 200. Minus 200. That's so f***ing ridiculous. 220? Switch to helium. Do you own your phones outright or are they financed? Some of them are financed. Oh, once you're done with financing, switch to helium. If T-Mobile's good in your area, switch to helium. We have to put 220 for now until you do that. Damn it. Hey, groceries, we can do... We should be able to do 800. That's being generous. Use a budget-friendly cookbook. You're going to meal prep, so you only cook a few times a week. Then you can no longer use the cooking excuse. TP-Fun, anything else you need to survive?

1:32:29Goes for kids as well. $250. Medical health care. Co-pays, anything on a monthly basis? Co-pays, I think, are$100 right now because the deductible. Okay. What else? Each visit. Anything else? It's 100. How many visits a month? So I'm being seen right now twice a month. So$200 a month? Okay,$200. Anything else medical? I think that's about it right now. Pet insurances? I just canceled this. Are you going to sign back up? Ah, the chronic health. Yeah. Okay, never mind. Pet food? I just switched them to a different pet food to save some money. $120. Anything else? That needs to be in your budget.

1:33:11That I have not taken into account. I think that covers everything. These are the necessities. Okay, needed to survive$5 ,923.83 at a minimum monthly basis. Your guys' income together. That includes your bonus because it only hits one year. Okay, we have a little bit of wiggle room, which makes no sense why none of this debt is being paid off. Guys, all I have to do is just keep waiting and you'll see. Okay,$5 ,923. $5.83. That gives you an extra$546.39. Let's call wiggle room 4639. Say you have$500 left on a monthly basis. $500 left on a monthly basis. $80 ,000 of bad debt. 160 months. 13 years.

1:34:01Pretty brutal. Okay, a couple options. We definitely need to get him into a better career field. We're definitely not opening a shop yet because you guys do not have the capital, I don't know where are we doing a loan to do it. Maybe grandpa pays rent? Not right now. Okay, grandpa can start paying a little bit of rent. Even a couple hundred bucks helps. He'll help out with groceries here and there. Okay, well, that helps as well. But you're still only allowed to contribute this amount and deduct whatever his does. Because a couple extra hundred bucks and then moves us, what was it, 12 years? $80 ,000.

1:34:32Divide that by$700 instead. And that brings us to nine and a half years, right? So just that from grandpa helps a lot. So, okay. But we need it up. If he can bring in, if we do that, plus an extra 500 hours a month net from the husband, that, I mean, with that, that gets us maybe down to seven years and that's okay. Then we can do that. We can grind that out and then you will get pay increases, hopefully more than you're guaranteed 3 % because that's just cost of living. I actually want real raises and career advancements. But either way, if you cannot finish this in eight years, I can also consider bankruptcy potentially.

1:35:08well that's gonna yeah it's it makes it really hard to do things in the future it gets off your credit but there will always be questions whether or not you've declared bankruptcy and um that's what i do but you guys can pay off this debt we can pay it off in about seven years he needs to up that income okay and you can no longer no money going out to eat this is there's nothing nothing no trips nothing fun no paying for other people's nothing it is sticking down to the grind and it's just it's a sacrifice for the kid because by the time the kid's 10 gonna have an incredible life and he's going to know nothing but success and stress-free financially.

1:35:42And that's my goal for him. And if that's your goal, then this is your path to get there. And there will be no excuses to do so. So make sure you come back on the - And then would you recommend bonuses when I get those once a month? Yeah, throw it right to death. Okay. Once a month. He said once a year. Sorry, yeah, once a year. I don't get them once a month, I wish. That accelerates the process as well. Maybe we get this down to six years, okay? Okay. And six years is very attainable. Then a fully six-month emergency fund is what you do. Show us progress on the follow-up channel along the way.

1:36:07spending your budget you overspend zero out of ten debt uh this debt's brutal this is so many cards yeah 80 000 hours of bad debt mortgage this is no collections or anything so i'll give you a one out of ten emergency fund nothing right now zero out of ten retirement what was it 50 i think it's 20 20 000 okay 20 000 i don't have my husband 75 he's also got a 401k he's just started it okay so probably not much. Yeah, like maybe five grand. Well, if you combine your both, I'm putting you at a three out of 10. Real estate, not really an equity position. Rough living. Bad things with the house. Repairs that are going to need to be put into it.

1:36:47It's not great. Yeah. Fine interest rate. Minimum of the payment you can afford, I'll give you a five out of 10 because you're at least in a position where if you hold on to it and put a little bit of money into it, you actually might make some money in a couple years. It's that step ahead versus having to get into the games from scratch. Round it up here. Financial score two out of 10, one point higher than you thought. Guys, join us for the post show we might call The Husband. We have some extra juicy information that we can't talk about in the main show for privacy and demonetization reasons.

1:37:14So come join us and make sure you join Hammer Elite. Because if you do, best YouTube membership on the entire platform. Platform has told us that themselves. And there's thousands of hours of extra content and other dedicated shows we have there. It is incredible. And make sure you download the Simpler Budget app. Sign up for annual. I will sign the cookbook and mail it directly to you. See you in the post show. A couch buying addiction. What the f*** does that even mean? I haven't. I have just been browsing and looking at couches. But she wants another one. I do want another one. Hey, hey, by the way, you haven't even paid off your last f***ing furniture bill.

1:37:46You're not going to go on a couch shopping spree. Just wait. Elusive members content. Click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content. Rinse takes your laundry and hand delivers it to your door. Expertly cleaned and folded. So you could take the time once spent folding and sorting and waiting to finally pursue a whole new version of you. Like tea time you. Mmm. Or this tea time you. Or even this tea time you. So did you hear about Dave? Or even tea time, tea time, tea time you. Mmm. So update on Dave. It's up to you. We'll take the laundry.

1:38:28Rinse. It's time to be great.