Financial Audit: 90-Day Fiancé

26:20What is... Yeah, knockabout burgers. That was like the first time. That was one. We had some adding up a sweet treat that we were stopping and getting. Oh, it's$25. No, some adding up. We had about$198.63 of sweet treats. We'll go through the statements, buddy. I haven't gone through them. Someone else did. What are sweet treats? What's Carter County meat? Yeah, grass-fed beef. That's beef. So, okay. You spent more just on grass-fed beef specifically than you need to on groceries in an entire month that you could in a budget-friendly way. I could eat less. And just meal prepping in general. You spend more on just grass-fed beef than someone who's trying to budget and live a better life.

27:04What are your goals? What are you trying to do other than bring someone over? Even if I got Costco beef, that's 30 pounds of ground beef. So even if you bought 30 pounds of ground beef from Costco, So, I mean, I'd save probably like 33 % on it or something. Like I pay about$9 something a pound and I think you can get Costco ground beef. And that's after Texas,$9 something after Texas. So like Costco ground beef after Texas is like maybe$6 something. So I'm saving like$3 a pound. So look at how much meat are you eating? Dude, like over a pound a day. Okay. That's what I'm saying. And then there's more groceries on top of that.

27:45Yeah. I mean, I spend a lot of money. 148 at Trader Joe's and King Scoopers 139. Yeah, King Scoopers is groceries. Why? What's your water situation? You're not in Cameroon. Right. I know. But I get, well, okay. Yeah. But that's like three months worth of water. And that's more important than not going further into debt.

28:12Well, I mean. You don't have filtered water. I do. I use it for tea and coffee, but like the, that's like, um, it's like kind of mineral water. So it's like, works like a, okay. It's super hydrating and it like gives you magnesium. And let's just think about life where we are. Cause this is, this is what you're prioritizing. If that's where life is fine, you can prioritize it. Obviously we're going further in debt. So maybe we don't when we're trading our emergency fund, but what are your goals? What are we trying to do uh well okay so now that i'm getting married and she's gonna come over here um i guess like sort of the goal is to want to buy a house so okay now that's a good goal so you know like you're hammering around the debt over here and like oh yes you have 40 000 or 20 000 hours in bad debt okay but i haven't paid any interest i haven't paid any interest so is it bad debt well debt to income ratio they'll look at it um and they're on credit cards which will accrue interest but they haven't.

29:08Doesn't matter. They will. Okay. But you don't pay them off and you're not. Yeah. I'm trying to save up for a house. So yeah. Like, you know, that's kind of like - Save up how much? Well, you know, you got to get a down payment, right? And so like, I know you're like into real estate, like you mentioned all the time. So I'm hoping that like, you know, we're on a real estate bubble right now. And when all these foreclosures come up, that the market looks a little bit better and maybe on that down payment. It's a big hope. I mean, but there has been foreclosure insurance for the last four years.

29:44But what if that doesn't happen? What if rates drop soon? People are able to refinance onto more affordable things? It's not even rates. It's like the fact that - No, it's not even rates. But if people are near that level of foreclosure, if rates do drop, they might be able to refinance into a more affordable situation that allows them to get into something they can afford and not get foreclosure. Yeah, that's true. I don't know, banking on that, something that's happened a couple times in American history, it's like, good luck if we're waiting for that? A lot of the indicators are looking like 2008, right?

30:20It's looking like 2007 right now. I mean, okay, but like, okay, I really want to get a house because, okay, A, she's coming over. Yes, I get that. And then I was trying to start doing some chicken farming. And so I like. Okay, software engineer or farm, I don't know. Well, okay, so eggs are super expensive, right? And typically they're like, you know, not, okay. But you make a lot of money. They're tortured eggs, okay? But you're able to, you get grass-fed beef. If you know you can get better eggs. Yeah, but they're like ridiculously expensive. But you make great money. If you're giving me a hard time about the grass-fed beef, how do you feel about paying like a dollar an egg?

31:06It's less about that. It's more that you're going into an entire house purchase just for this. If you're able to do that in your current situation, then I don't care. Well, yeah. I mean, I did try to have the chicken live at the apartment, but then it got evicted. It got evicted? Yeah. What is a chicken getting evicted? dead um okay so i guess like there's this girl i was kind of dating um and was she american this time yeah she was well native american um but but uh so yeah um i mean it wasn't like we had dated before and then so i guess like i felt kind of hopeless because i like um i was on employment at the time.

31:52So I didn't think I could do this whole Cameroon thing, even though that's what I really wanted to do. Wait, you wanted to do this while you were dating the other one? Okay, what I'm saying is I've been wanting to do the Cameroon thing for like two years. Yeah, but you were dating this Native American girl while this was happening. Well, we weren't really talking so much. Does Miss Cameroon know this? Yeah, she does. She's okay with it? Yeah, I mean, she dated some people. You just needed some local company as you were waiting for the big migration. Sort of. Okay. But it was more like we were more friends than we were like, it's serious.

32:27Oh, they're saying the Brazilian was also an overlap. Yeah. Well, yeah, the Brazilian too. Yeah. I mean, yeah. Because we were just talking. Well, you know, there's like no. Yeah. Anyway. Go on. Chicken eviction. Okay. Yeah. So, yeah, I guess she got kind of mad because like I said, it was more like a friend thing. like for me at that point like we weren't really like um you know hooking up a whole lot and then so she was like kind of mad about that and they weren't fucked yeah okay well probably because you know i had my heart in other places but um yeah so anyway hey pookie our memorial day sale is happening right now and it's your shot to grab some of the tools you need to own your financial future.

33:12And for 10 short days, May 23rd through midnight on June 2nd, every single one of our classes is discounted. Pick any individual course and slash 20 % off just$157 each. Or you could go all in with the complete master your money bundle and save$237 at 30 % off. So you can secure the core four courses at a massive discount. And inside you'll find step-by-step lessons on budgeting, crushing debt and beginner to advance investing everything you need to start making smarter money moves today and this deal disappears the moment the clock hits midnight on june 2nd click the link in the description below lock in those memorial day savings before they're gone take control of your financial future today see you in the classes uh so she was kind of mad about that and then like so leftover from the brazilian girl like i had these lingeries and so they were just like in my closet and then um i guess she like went into my closet for some not even my closet it's like the closet in my office um so like she goes in there and she sees them and then she just like freaks out and and i'm like well they're not there's it's kind of like not it's like a long story to get to a chicken leaving well yeah okay i'm getting there i'm getting there so so anyway she finds the lingerie and then uh gets really mad and starts throwing stuff away and then i got kind of mad at her for doing that and then we kind of broke up and then like right after we broke up um you know like i don't know three days later the chicken police came to my house and uh the is the chicken police i mean this is the chicken police i mean i don't know what you want me to tell you they just knocked on the door and they said we need a like it's kind of like was it an indoor chicken it lived on the balcony so i made like i'm not sure neighbors loved that Well, okay.

35:02Right, okay. But if it was - The chicken like that? I thought you were all about moral space for the chicken to run. Well, it's a lot more space than like, even like those, even the open pasture chickens, like they put them like, okay. Yeah, yeah, but it's still a balcony though. Yeah. It's just a yard. Yeah, I took it for walks. Uh-huh. You take your dog for walks. Are you torturing your dog by letting it live inside? No, but I don't keep it on a balcony. so the chicken police come and they're like oh this is like a safe habitable like you know it's warm area you have a heater for the chicken it's like a you know safe environment it's like a happy chicken and then so then like three days later then the apartment complex sent me a letter fair enough and they were like hey you know this chicken violates our pet policy you have 24 hours to get rid of it so then i had to find like a different home for the chicken and so it kind of i fostered at a friend's house.

36:00Maybe one of the eating out things you have down for me is a kombucha subscription I have. That's probably in the subscriptions though. In the kombucha network, there was someone that I was able to... In the kombucha network, okay. What do you think there are in the world of finances? Zero to 10, zero being the worst, 10 being the best. I mean, probably four.

36:28Try for it.

36:56finra.org slash trade smart. Hey. I feel like that's... I highly doubt it if you're on the show, I'll be honest, but things have surprised me before. If you want to see where you stand in the world of finances, take the assessment. Go to CalebHammer.com. You can also go to CalebHammer.com slash apply if you want to be on the show. And don't forget, if you don't want to end up like a guest on the show, make sure you're downloading my budgeting app. And if you sign up for the annual version, I'll send you our budget-friendly cookbook, which can't be purchased anywhere. I'll sign it, and I'll send it directly to you.

37:25All right, guy. Well, so do you want to know the chicken's name? Okay. It's Harriet Potter, the chick that lived. Because I tried to hatch a bunch of chickens and only one survived. Stop. You have a Chase Freedom card. I love the Chase Freedom card. It's a classic. Is this the OG freedom? I don't know, dude. You tell me. Okay, I mean, I have three Chase. The man has found love. He is giggly. I have three. $6 ,500. Okay, that's the unlimited. $85.77 with a minimum monthly payment of, I can't tell. Yeah, I don't know. I've never made a minimum monthly payment. What is the minimum monthly payment?

38:09Honestly, I don't know. It's usually probably like$40. Okay,$40 minimum monthly payment. And on here, pending land's end, we're PayPal-ing, PayPal-ing, PayPal-ing, PayPal-ing. Oh, educational, access.com. That one's blacked out. Carid.com? Carid.com? Oh, it's Car Parts. Summit, Rock Auto. Car Parts. What the fuck is going on with your car? What are you doing? So that was oil filters, wiper blades, air filters. You had to do it all at once? Yeah. In a month, you couldn't afford it? But it's got introductory interest. so it's like it doesn't have to be paid right away. Yeah, but it's still spending that could have gone towards other things.

38:56Like not draining our emergency fund and cash flowing our trip to Cameroon. Right, but I'm going to need all that stuff anyway. I know, but you didn't have to do it that time. They had a PayPal promotion. When does the interest-free period end? Like in a few weeks. Yeah, but I'm getting paid. you're getting paid you also have bills yeah that's what yeah good luck okay Birkin Brands Birkin Brands oh that's coffee oh it's okay well it's like coffee beans parts geek blacked out blacked out is that HBO Max or is that yeah it's three dollars okay Birk Brands Mountain Star Knockout Burgers Denver's Art Complex Land's End is that is Land's End also?

39:52No, that's close. I bought them in November but the product wasn't available. In likely miscellaneous bullshit and we'll go through everything. We're seeing about almost $1 ,000 of purchases in miscellaneous bullshit. I mean, are you calling necessary car parts? Denver Arts Complex, Bomba Socks, Land's End, And Denver Center, Colorado Symphony, event tickets, Chamber Orchestra, Alibaba, and Staples. That added up to about$1 ,000. Yeah, those were the season tickets I was mentioning. Yeah, that's all miscellaneous bullshit. Yeah, that's fair. That is not car parts. That is$1 ,000. That is payoff debt before interest accrues.

40:34That is giving to the village. $1 ,000 goes a long way. No, that's fair, yeah. Yeah. I mean, yeah, but like I said, this is when they're doing the season tickets, so I figure it was better to get them now. Yeah, but you spent it in a month where you spent$2 ,500 more than you made. Yeah, but... And interest accrues in a couple of weeks. Okay, we have another freedom card. Yeah, that one shouldn't have anything on it, though. I used to think life insurance was one of those someday things. Like, I'll get to it someday after I organize my receipts, fix my car, figure out what my HSA actually does.

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43:28And all this, it just starts at$10 a month, and I already took advantage of it, and if you're investing long-term, you honestly should too if you want to earn up to five thousand dollars every single year don't wait use my link silomarkets.com slash caleb to start earning bonuses for life let's get back to the video uh well it does three thousand nine hundred sixty dollars and ninety six cents with a minimum monthly payment of a hundred eight dollars how long does this take to pay off if you're not purchasing which by the way you did 267 dollars and 64 cents how long does does it take to pay off only minimum monthly payments?

44:03Which is what you did last month, by the way. Right, because it's an interest-free period. Yes, but how long does it take to pay off? Well, there is a reason to pay more towards it. The amount that is necessary without purchasing that pays it off before the interest agrees. Wouldn't it make more sense to put that in my high-yield savings account and earn interest on the money? I guess. You're finessing a couple dollars there and you're on this show where you, like many other people, look what you've done. A couple dollars versus a mistake of losing$50 in interest like that in one month. Yeah, that's fair.

44:34But that's why I'm doing it. I get it, but the finesse. There are so many people that have come on the show that try to finesse, and I don't want you to end up like that. You were so close. How long does it take to pay off? Minimums only. What do you think? What do you think? Well, 108 times, so probably like four years. 14 years. 14, there you go. Because interest will kick in. Well, see, that minimum monthly payment is a little skewed. It's not actually 108. That's because, okay, there's like a problem with my automatic payment. And what? Because I'm automatically, well, Chase, it's a complicated story.

45:12But like the point is it's coming out of my savings account to automatically pay it. But then when Chase runs that, they run it as a checking account. And then it gets denied. So then I have to do, I end up having to do a manual payment for the Chase cards. so like that it's like a$29 minimum monthly payment plus like a fee for being late that's why it's so long there is a late fee 14 years is gonna take a lot longer when it goes with that and I get it it was a situation outside of your control but this is what happens we try to finesse we get complicated we spread all our shit too far then all of a sudden uh oh we're out in control of this account we lose our ability to fully manage things late fee hits and there's the Denver Art Complex, King Scoopers, Max.

46:01Yeah. Yeah. The balance for this interest rate would have ended a couple weeks ago. Yeah, it did, but then the payment's not due for a month after that. Ooh, sketchy world, man. That's putting yourself in a scary situation when you have a wife coming. Well, that's how a normal credit card payment works, right? I know, but you're pushing yourself to the edge. And you always have, like, what if a medical thing comes up and you can't just pay it off? I don't even think you can just pay it off with the way you do it, with the way you live life. But, I mean, the fact is, what if something else does pop up?

46:38You don't take that into account. Now you've drained your emergency fund to go to Cameroon. I guess if there was a serious medical bill, but my out-of-pocket maximum is only$8 ,000, and I've paid$4 ,000. so like absolute maximum I could pay maybe$4 ,000 more. There's so many more emergencies. A car breaks down. It did. It did break down. There you go. That's why I'm buying car parts. That's why they're an emergency because they're unpredictable. And you put yourself in a risky situation with leading this entire huge balance that's about to hit interest rate. The$6 ,585 about to hit interest rate.

47:17You're okay with that? I mean especially with a wife coming and you want to get a house you'd get a house without an emergency fund and then all of a sudden a big expense would happen and you wouldn't be able to cover it that is kind of a worry that's why I don't have a house and why I'm renting because the loss of freedom and then the loss what happens if you have to do repairs insurance rates are going up that kind of thing So it's just kind of like a, it seems scary to do the house. But I mean. Do you want to then? I do. Yeah, I do. Because like I said, you know, I want to like have like the chickens and the goats and the sheeps.

48:04I'm like, you know, just be able to do what we can with the house. Like, you know, make some of our own decisions. Like, you know, you can't like, you know, tear the house up, I guess, if landlords in charge. And then in the situation where you're going and, of course, spending more than you made on that monthly basis, it's the prioritization of things. I mean, you're getting, again, all the car parts, we talked about that. But then also, it's like all that meat. The water is like stockpiling over the course of a few months, even though you could have spread that over a few months. What are you prepping for?

48:38I mean, I'm not necessarily prepping. It's just like I'm at the store. And then, you know, so I'll buy like four boxes of water or I'll buy four jars of ghee or something instead of just one. But in months where you cannot afford it, you have to drain an emergency if you're going to leave. Credit card bill comes due with interest hitting very soon. Because it was interest-free for that month, it's more like I had two months to pay it. So I was looking at it as a payment for the next month. I get it. But again, look at what happens when we try to finesse everything. Yeah, no, you're right. I mean, it can happen.

49:17It's not a horrible mindset if we do it right. I don't know. You seem like you're spreading things all over the place. I mean, I'm trying to do it right. Well, interest is about to hit like right now, and I don't see$6 ,000,$7 ,000,$8 ,000,$9 ,000,$10 ,250 laying around. You know, like I do save some money in some places. Like, you know, I spend a lot of money on milk because I make my own yogurt. But like milk's a lot. Make your own yogurt? Yeah. Oh, she'll feel right at home. Yeah, well, the yogurt is a lot less expensive when you make it yourself. I guess. Well, because I'm making like... You want to play the real finesse game?

49:58The time you're spending making yogurt, you can probably pick up a contracting little thing for software engineering on Fiverr or something. Oh, well, it's super fast to make yogurt. I'm just saying. You literally just pour milk in a jar. I don't care. It's fine. You should make your own yogurt. I'm okay. It makes me sh**. Not only do I make yogurt, I make sourdough too sometimes. I'm into the fermented stuff. Sure. So I made kimchi, sourdough. Okay. Okay, yeah. I'm not against that. And then I guess one of the bad purchases I did, I mean, it was like, yeah, so I bought a bunch of computer parts.

50:37because it sort of started when... So I broke my computer because I was making sourdough in the winter and then the computer's warm. So then I set the sourdough on top of the computer. Oh, my f***. And then it overflowed. Or actually, I guess it was yogurt that did it. So now I have like four or five computers. Sell them! Pay off debt! I've been trying. Then you're overpriced. Yeah, maybe. I mean, they're not priced at it. If no one's buying them, they're overpriced. The market says they're overpriced. Okay, what would you say? What? I mean, it's like a 40-70 super. Dude, I don't fucking know.

51:16It's what people would buy it for. If people aren't buying it, it's overpriced. I don't think it's that overpriced. Well, no one's buying it. It's not you. The other people are saying it is. You don't get to determine. Okay, yeah. Or maybe I'm just not selling in the right place. Maybe Craigslist isn't a good place to sell anymore. You haven't tried Facebook Marketplace? I don't have a Facebook account. make a Facebook account to sell them and then delete it. I don't know. Okay. I don't think the Zuck will care that much. Okay, look, this is a car, right? Wait. No, what is this? What has the$3 ,283 balance?

51:53This is what happens when people just send screenshots instead of statements because I don't know what the... What are they looking at? That is... 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 or this tea time you or even this tea time you said you hear about dave or even tea time tea time tea time you so update on dave it's up to you we'll take the laundry rinse it's time to be great Oh, that's, yeah, that's a Sapphire chase card.

52:36Okay, so Sapphire. That was like a car expense. That was my car repair. That$3 ,000 was a car repair. What happened? So my clutch went out. What's your minimum monthly on this? Minimum monthly. I mean, I see activity since last statement. Of course, you didn't send us the entire statement. Why would you? Korean restaurant. The statement hadn't come out yet. I got the card. In April, Korean restaurant, Pine Creek. Yeah, that's my friend's birthday. Japanese domestic auto. There's that one. Yeah, that was my friend's birthday, and then the car payment. Okay. How much is this car worth? Well, it's probably not worth as much, but it's probably still worth like$16 ,000 or$17 ,000.

53:17Okay. Okay, then that's not horrible. It's a lot of money to put into it, and I get it while all this other stuff is coming up. But again, what if that happens right before credit card balance is about to accrue interest? Yeah, then we already know that that's going. It kind of did happen. So we ran your car based on all the details you gave us, and we're given a private sale value of$9 ,900. That would be if it was an automatic, but it's a manual transmission. So it's like more of a – We searched your VIN, though. Yeah, but I think it's because the manual transmission is super rare. I don't know.

53:48We searched your VIN. It knows what car you have. Okay. It kind of sounds like your GPUs where you – I mean, look, if you go look up on CarTrader right now, Acura TL 2013 manual transmission, you won't be able to - So it's going to be like your GPU where you put it at a price you think and then no one ever buys it. No, I'm saying the only ones listed are listed at$17 ,000. If you go buy an automatic, it'll be listed at$9 ,000. I don't know. We search your VIN. I'm going to go off of the VIN. Okay, if you say so. Not off of looking at what a souped up car might have or something. It's not a souped up car.

54:22I don't know. Your VIN. though says 9 ,000. What, right? I mean, I don't know how you're searching it. I'm just telling you. Kelly Blue Book. Okay, yeah. I mean, I don't know how Kelly Blue Book gets their numbers. There's only five for sale at any time in the country, really. And then they're all about 15 ,000. Okay, it's not the biggest deal. I don't really care. But that's what we got. Okay, what's the minimum monthly payment on this? I don't know. What do you think the minimum monthly payment is? Probably like$40. It's usually like about 1%, right? Okay, when does the interest hit on this?

55:00I'm assuming this is your interest-free. No, this one's not interest-free. This one, I put it on there because it was like an expense I had to pay. And then there was like a... Why don't you put it on one of your interest-free cards? Okay, because there's like the first$5 ,000 spend. You get$1 ,000 back. and then there's an additional 0.25 multiplier if you buy a plane ticket. And then I'm going to need to buy Cassie an expensive plane ticket. Sorry, I'm going to need to buy my fiance an expensive plane ticket. So this essentially will cover the plane ticket. And then why would that interest hit?

55:38Yeah, if I don't pay it, it will. Yeah. This is a lot of cards have to pay the full balance off all at once. Right now we're adding 6 plus 3 plus 3. Well, really, 6 plus 4 plus 3. You make$10 ,000 a month. Yeah, and my emergency fund. You're going to use an emergency fund? So really, you've just kicked the can down the road and really all your savings is really going to it at the end? So really, the savings were nothing. Well, yeah, but they were earning interest. What APY? Like$4.35. Okay, so how much did you get? A couple hundred bucks? Yeah, probably like 150. And that's if you do this all right.

56:24All right. Wells Fargo. So, here we have 4 ,000 hours of purchases. You paid off the last balance. And some medical expenses. Oh. No, and two-thing foods. You got some food as well. I think it was Costco. Yeah. Oh, there's also Alipay. Oh, that was a fraud. Randy's High Country, Towing. Yeah, that's car emergency. Cater Country, Meat. Yeah, we know that. Lockbox? Oh, that was the immigration fee. Okay, so this was not all medical. A lot of this stuff was the stuff we were choosing to do right now. And maybe we don't do the medicals all in at the same time. I didn't really have a choice. No, the medical you can do, not all that stuff at the same time.

57:20Yes, you did. Car repair, I get it. Well, yeah, I got to get my targe code, and then the other one was immigration fee. I know, but we could have maybe delayed a month when you had the money. But then it would delay her getting here a month. I get it. I get it. It's just putting yourself in a financially scary position. I mean, you know, like, doesn't Dave Ramsey say stuff like, spend your money on people and experiences. He doesn't say spend$2 ,500 more than you make in a month. He doesn't say go into a credit card. Why the fuck are you bringing up Dave Ramsey? He would never recommend the little finessing thing you're doing.

57:54He wouldn't even let you look at a credit card. I'm talking about the immigration expense. It doesn't matter. If you're going to bring up one part, you have to believe the... Well, I don't believe in the religious part, for sure. Well, either way, it doesn't matter. It's like... Okay, yeah. You're finessing. He wouldn't recommend any of this. Yeah, that's probably true. Yeah. He doesn't like credit cards. I got a lot of them. That's for sure. What if you get laid off, man? Yeah, I mean, I'm worried about it. I mean, that's definitely, that's probably the biggest worry. Like, out of all the... Well, that's why you have a fully funded emergency fund.

58:25But again, you're saying you're using your emergency fund to take care of all this, which, by the way, is not a learned, it's not a good learning lesson. Because with that, you are essentially allowing yourself to spend more money, bailing yourself out. then you have to cut back, build a fully funded emergency fund, then you're allowed to live a crazy life and put your emergency fund towards it. You're just you're not learning the behavior that you into a situation that you can't afford other than bailing yourself out. And then what happens when you get laid off? If you get laid off, and hopefully you don't, but the tech market's a little interesting right now.

58:59And the rise of AI, who even knows? What kind of software engineering do you do? I'm not at liberty to disclose that. It doesn't have to be the job. You can't say like what kind? I guess like C++. I mean, is that what you're looking for? Okay. I don't know. So yes, AI could come for you, essentially. Yeah. That's a worrying position. Yeah, it's definitely worrying. And so I guess that's like sort of a question I have, like an educational question I have. So let's say you do have your emergency fund, right? And I'm not saying this applies to me, okay? I'm just saying hypothetically, okay? So let's say you have your emergency fund fully funded, right?

59:45But then an emergency happens, right? So then you use your emergency fund to pay. For an actual emergency? Sure. I don't think we agree on what an emergency is, but yes. Okay. But then at that point, right, your emergency fund is no longer fully funded. Yeah. You'd agree with that? Then, yep, you scrap down to zero and you build it all the way back up again. Right, right. You're neither scrapping down to zero nor maintaining an emergency fund. You're draining an emergency fund and not scrapping down to zero to build it back up. So you know the answer to it and you're not doing it. Oh, so I should scrap down to zero.

1:00:21Like just get rid of all of it. Of course. It's an emergency not to have an emergency fund. Okay. Yeah. Okay. I can see that. An emergency fund keeps you alive for six months if you get laid off. Gives you options to go and find other jobs. and unemployment help because you've been paying into that system as well. I'm not saying you're going to get laid off. Hopefully not. Hopefully you're very talented. In the software engineer scale, you're making money. It's fine. So I don't know where you stand, but you're living life on the edge, man. And that makes me nervous, especially since someone else is putting their life.

1:00:57They're fully jumping. They're jumping into the deep end. Yeah, no, you're right about that. It was just like the timing was like really kind of, it's like, hey, let's do, you know, like the trip and then the medical thing kind of happened at the same time. And then as soon as I got back from the trip, the car thing happened. Yeah, and that's welcome to emergencies. Maybe you shouldn't use an emergency fund for a fucking vacation. Well. If we're being honest, if we're being literal. And also, at the same time, your emergency fund was to cover you. When she comes here, that's a double person, an extra mouth to feed.

1:01:31You know, extra things. Maybe you put her, I don't know if you can get her on your insurance. I don't know. But whatever ends up being done. Well, yeah. I mean, you'll be married. I don't know. So like it won't be able to cover her emergencies and you would be her emergency fund. Right. Yeah. So you're putting it at risk for her for selfish desires. So you can prep. So you can do all this stuff. So you can have that miscellaneous bull. A thousand dollars. Even in a month. But you had some emergencies with which I vibe with. The car one. the medical can't do anything about that got it did not go need to go to cameroon that exact month but whatever you did but either way while all that stuff is happening you still did a thousand dollars of miscellaneous but did not need to do your choice all well what is this again in six seven eight nine ten eleven twelve thirteen thirteen thirteen thousand seven hundred fifty dollars of interest free that's about to be very interesty debt is about to slam 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 five dollars finally sign up for silo and earn up to five thousand dollars in cash back on your own stocks.

1:02:57These offers have been negotiated to give us both more money than using traditional sign-up methods. So use the links in the resources section of the description below and get yourself $5 ,320 right now. Oh, plus the Wells Fargo, the Wells Fargo, because you're going to have to pay this as well or else interest will hit. Again, you paid off, you know, we could celebrate and be like, hey, you paid off the last month. It looks like you paid off every month. Well, it's a$100 balance. This time we're at$4 ,483.61. That's a chunky balance to also throw into the mix of the 6.5 and the 4 and the 3.2.

1:03:38So, like, good luck. The minimum payment is$45 on this. I don't know how you're making all these payments. A double? You have to make a payment that is worth double your net income on a monthly basis. I don't know. math's not adding up for me math's not adding up for me and the visa thing I get it I want you to have I want you to have the person you love here I do being able to take care of her is also equally as important and you're f***ing potentially f***ing her with draining her emergency fund that is also going to need to be here and I'm being told I mean you bought your ski passes on here you got$500 snowboarding boots new bindings for$300.

1:04:25You go golfing all the time and you spend$70 on that. It's just like, you got a massive suit collection that you're spending money on, graphic novels, CD collection for some reason. It's just like, it's just endless, buddy. It's just endless. Oh, but you know, I do hate Spotify. So that's kind of why. Yeah, I mean, I guess I just was like... Okay, so I started listening to classical music and then... I guess... Listen to fucking NPR then. Well, okay, yeah, but all I'm saying is like I didn't want to pirate it. You've had fees this year, by the way. It's a$5 international purchase fee. It was very accidental.

1:05:12Well, everything's accidental to you when you do something wrong. Well, I didn't know it was an international purchase. You're going to accidentally do things wrong, honestly. I would have used different cards. Keep going. Classical music. Yeah, so classical music. Yeah, so it's harder to download that, I guess, illegally. And I guess that's technically illegal. So I just bought a bunch of$2 CDs to kind of build up a classical music collection. And then I ripped it into flak files and put it in my player. You live in 2005. Well, they didn't have flak players back then. You live in 2009. Yeah, that's more like it.

1:05:47I don't know, man. I mean, you can use the Fizz card, so at least you can only spend what's in your checking account. She'll need it, so I'll also put you guys through couples therapy through Sondermine when you guys get here, three free sessions. She'll need it when she realizes there's no way to keep her safe, and when she's ready to jump into the job market, I'll gift her a course career certification. Yeah, that would be actually pretty helpful. Yeah, that'll be good. City double cash. Does he send a statement? No. He sends a picture. Well, I couldn't send a statement because for the Sapphire and the Citi Custom Cash, I had just opened them.

1:06:23They were brand new cards. So no stake. Are these screenshots of within there? So Citi Double Cash? Yeah, that's the Citi, yeah. Okay. Yes, sir. What's the minimum monthly payment? Don't give me your normal answer. I'm assuming it's probably, I think it's$40. I think it's$40. They're always like$40 for some reason. Well, they want to squeeze as much interest out of you as they can. $788.20 yeah this is where we have the symphony we went to the center UCCS presence box

1:07:00it's$182 I know what it is it's like tickets to the theater oh okay and then the symphony was$396 that's the season yeah that's the season okay I like classical music too I get it you just I mean you're in a situation you're living a$150 ,000 a month lifestyle at$110 ,000 net a month. Really overspending. Access, ticket resale, chamber order. When you walk into a Burlington, you're walking into amazing prices and great gifts. That's main character energy. Because at Burlington, the holiday savings aren't the only things turning heads. Discover quality finds and perfect presents for everyone on your list, even those who are hard to shop for.

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1:08:01Orchestra. Yeah, and those are all for like next year. This is Destroy Our Lives for the Arts card, I guess. When does the interest start on this card? It's a new card. Oh, it's a 15-month away. Yeah, so 15 from now? Yeah, from now. But yeah, what kind of upset me about that one, it's like I put all those on there because they're supposed to be like 5 % cash back on live orchestra performance. It literally says orchestra. Really? Okay. Yeah, and as you see, they'll say orchestra, but they don't show up as orchestra. So I was kind of just like super disappointed. They counted as charitable donations.

1:08:37So you just got two? I just got one. Count it as charitable donations? Count it as charitable donations instead of a... Claim that. Well, I'd have to itemize my donations, too. It wouldn't. It gets brutal. Probably wouldn't make sense. Okay. Capital One Quicksilver. You have so many cards, man. What kind of finessing are you trying to do? Well, I was just trying to have, like, you know, get the 5 % back on... You try to get every cash back thing you can, every intro, whatever. Yeah, the bank's got mad at me. $841.04. Minimum monthly payment,$25. It's getting hot. This takes five years to pay off.

1:09:22Minimum monthly payment only,$853. Again, you got paid off the previous. What was the previous? $0, so not really. But there's a hotel. Wait. Yeah, this is a fuck on my travel. Oh, so another accident. Yeah. You can't wait until you guys start having intercourse.

1:09:46Accidents work real well for you. Then you got to have an emergency fund for those. Yeah. Yeah, no, I mean. Keep going. What's your little accident? We got Air France. We got Relay. We got Air France. I guess you can guess. I guess you can guess. No, no, I don't know. The wrong ticket? You fucking bought to Zimbabwe? No, I mean, I missed the flight. I missed the flight. And then, yeah, I had to rebook it. And now you're going to miss your payments before your interest hits.

1:10:16You're predictable. That's the car I should have used on that international purchase because it has no international fee. So that's why I used it for the zones because they were in France. So I had to get a hotel and I had to redo the ticket. See, the real issue with that one is the ticket. That's one thing. But man, they overweighed my bag. So my carry-on bag, I was already through security and everything. And then they made me go back through and pay$300 for it. That sucks. I mean, I don't know. I should have just thrown the books away. It's life things. It's the things you expect and nothing to happen.

1:10:59And then life things happens. and then you're like, oh, I don't have to pay this extra shit. It always happens and it's going to happen. And then you delay all these things that you're going to have to pay$20 ,000 right now. It's like, look what happens, man. Okay, it's 0 % until... It's not. I don't see a date. Oh, it's not 0%. No. Okay, big balance coming. $841.04 on that. Add that onto the tally. Add that onto the tally. Okay. More. Let's keep going. It just keeps going, man. U.S. Bank, what? That was the one where they give you the global entry free. So that's why I got that card. Because I was doing a global entry.

1:11:47Oh. Yeah, I was coming in. Okay. Now to payment,$40. You owe$235. I mean it only has a limit of$500 So it's not like you can spend much on here anyway I mean you spent$593 But you put a little bit more towards it Than the minimum Yeah you had to spend$500 to get the So the credit line To get the whatever $200 reward or whatever Arts complex, Uber trip, Uber trip A little bit of dental Got some booking hotel Uber, Uber, Uber Uber, that's Uber. UPS, Walgreens, Radiology. Yeah, that makes sense. ER, yeah. Sitting at 21.24 % interest rate on this one. Yeah, that's pretty low, actually. It's not low.

1:12:36For a credit card. Yeah, compared to like 30 % credit cards, but it's not low. I'm shocked it's only 21, to be honest with you. Okay, are we celebrating? No, I'm just saying, I'm surprised. I feel like they're mostly like 28, 29, 30. Okay. U.S. Bank. This one we're not going to put in the deck. It's only$40, and it's a$40 minute payment. But you did purchase 204. What could that money have gone to instead? Well, that's my utilities card. So that goes to electricity and internet. Yeah, Comcast. Utilities.

1:13:14Is that all your debt? Yeah. Oh, on your car? No, I don't know. That's good. Is that all your debt? Yeah 1, 2, 3, 4, 5, 6, 7, 8 So all the credit cards that are about to come due Is$20 ,217.92 Or else interest will start accruing And all the finessing we've done Will go to F*** you It's only two months worth of Pay Do you not have rent? Do you not have utilities? Do you not have food? We know you have food Do you not have extra costs? The food's on there. I mean, the food's on there. You have future food to get probably. I bet you're going to keep eating. But I bought it in advance. How many months?

1:13:59I mean, at least one. Then you're probably going to go buy five for next month. Yeah. That's funny. Interesting about this sort of occurring, yeah. I mean, yeah. I mean, at a certain point, you eat all the food. But I do have like food. And you will have to spend money. Money you do not have because two months gross. Gross is what is needed to pay off this debt and a little more. What is it? Staple, staple, scoopers, scoopers, super, super, super, super, super, super, super, super, super, super, super, super. I mean, I want to tell you the reason, but you're going to like fry. What? Okay, so they had like a promotion.

1:14:37Super, super, super, super. Look, look, look. Walmart super, super, super, super, super, super, super, super, super, super, super, super, super, super. You have f***ing credit cards that are about to f***ing accrue interest. Super, super, super, super. Can I get it? Okay. So that was like, okay. So they had this promotion. You do every promotion you can find. Okay. So they had this. Well, no, it's just with the bank. So like if you make a purchase on your credit card,

1:15:11they'll round up the difference. So I was essentially buying one can of cat food at a time to get the most roundup. And then actually on that Staples purchase... Oh, you sound like a couponer. Yeah, it took way too much time. And then they got mad and told me it was a suspicious activity. But so on the Staples one, I actually made money on that purchase. because it was like... How much? Like$2? Like 40 cents. But no, it was like a 30 cent purchase, but they gave me 70 cents. Oh, on that purchase. What did you make across this whole thing? Oh, I mean, I don't know. Probably like 25 bucks or something.

1:15:54But yeah, it's funny. It was kind of an infinite money glitch. If you spend 30 cents and they give you 70,

1:16:03that's probably why they said it was suspicious activity. Yeah. But, like, hey, a real infinite money glitch there. Okay. $5 in this account. Capital one. It's curious. $500 went in,$500 went out. Yeah, well, so they had a promotion. Oh, my gosh, dude. They give you$300 if you do two direct deposits in there. You make$110. I'm not saying don't be frugal and do all these things. Your time could be better spent doing something else, especially in the world of what you do for a living. You could totally pick up some random little side projects. Yeah. And make more than you are. The little bit of money you're spending on all this finessing.

1:16:54I get it's fun. I get it's fun. I mean, I am working that second job at night. So, you know. What? Yeah, that's why my income is so high. Oh, so that's two. Yeah, yeah. So, yeah. Well, damn, I thought that was one. So you definitely are on the chopping box for layoffs, then, with what you're probably making in your software engineering job. I mean, we're about to hire some engineers for our apps. Shoot me an email if you want to, but, I mean, we're paying just the basic people, what you make for both years combined.

1:17:30Oh, 52 cents in this one. $4 ,774 came in,$80 debit card withdrawal, and then$4 ,705 went out. What are we doing? It's just going all over the place, the different Schwab checkings and stuff. Yeah, it was because I was going to that trip to Cameroon. So these accounts all had international fees. So I got in a Schwab account that didn't have international fees. Okay. That actually. Ford Blue Cruise hands-free highway driving takes the work out of being behind the wheel allowing you to relax and reconnect while also staying in control. Enjoy the drive in Blue Cruise enabled vehicles like the F-150, Explorer and Mustang Mach-E.

1:18:22Available feature on equipped vehicles. Terms apply. Does not replace safe driving. See Ford.com slash Blue Cruise for more details. Makes sense. That's a good finesse. That probably was worth the time investing$127. That's the Schwab account. Okay. Okay, so here's the title. So$13 ,000 is your six-month emergency fund. I doubt it. It's not enough to live off of six months for you. What's your rent? Well, rent and utilities,$2 ,100. Okay, this is not enough for us. This is not a six-month emergency fund. Right, I know And it's going to be all gone to pay all these things Which is f***ing, those are not emergencies What you have done is a disaster And it's not You're not doing this right, okay The finessing works if you pay it off And you can make the difference and all that stuff You're having to use your emergency fund To take care of it, that does not count That is not finessing, that is you putting yourself In a dangerous position That is not good finances Simply put, I need to be clear because you feel like you're doing this right.

1:19:29You're not. You're destroying it. I know this wasn't like crazy finances type of episode, but you're still f***ing yourself. And there's going to be people out there that are related to this because they're thinking they're finessing. You're draining your emergency fund. Yeah. Yeah, I mean, you're right. I am draining my emergency fund. But that's because I had some emergencies. No, you f***. You're draining the emergency fund to pay off your credit card, which at least a thousand just this last month alone went to miscellaneous. Some went going out to eat. It wasn't crazy amount. And it's not just the emergencies.

1:20:09You did not need to pre-buy all the water and all this bullshit. You did not need all the computers back then. You didn't. You could sell at a reasonable price now and try to pay for things. You did not need to pre-order all those filters and whatever. You did not need to go to Cameroon right then at that moment. I know what you want to do. It's not about wants. I'm talking about need, emergencies, or needs. I mean, I could have waited indefinitely, and she could never get allowed to come over here. I didn't say wait a definite knee. I did not say wait a definitely. But maybe not the same month that all these bills are due and emergencies are hitting.

1:20:45Yeah, but okay. I didn't know. Okay, but I planned the trip before any of those emergencies happened. so I didn't know it was going to be the same month so that's like kind of how I got like in that situation it's like you know I planned the trip, set it up and like right at the same time the medical thing happened and then as soon as I got back from the trip the car thing happened so it was just like rough time right but I mean I'm saying I didn't plan it some money going out to eat some other things as well you still spent money What's that orange section? The going out to eat, which is a little higher because the beef was put in there, but it was still a couple hundred dollars going out to eat.

1:21:30Oh, that big orange on the side? No. Large purchases, general large purchases that are a little harder to categorize. Okay. That is ATM, which raw, airlines ticket, tax payment. Tax payment? Oh, yeah, how to pay taxes. But I paid them. I mean. Yeah, but again, you're doing this all at the same time. You're not willing to space. You can't space the emergency fund or taxes. You can space the miscellaneous bullshit, which is just as much as the taxes. PayPal out$2 ,511. Hotel booking. K1 visa application fee and international travel out. So it's a big, big chunk. $5 ,827 for all that. The miscellaneous bullshit.

1:22:09A little bit on the subscription side. Medical health care, that was a big chunk, obviously. Unknown shopping, very small. It's typically Amazon, Walmart. You don't really have that kind of stuff. Necessary food, we got that. transportation and then housing. Well, the good news is a lot of those purchases aren't going to be recurring. Yeah, but now you have$20 ,000 right now, and you only have$12 ,000 for your emergency fund, so you still need to basically put all of your net income towards it to pay it off for a month. Buddy, this does not go the way you thought this was going to go.

1:22:44You tried to finesse, push yourself way too close to the edge.

1:22:56That's a lot of 20 cent. Yes. 1 ,300 in retirement. Well, you're definitely not going to be a 4 out of 10 if this is your entire retirement. I thought that would be the one thing that would carry you. There is an IRA, too. It's almost. $6 ,000, you're still dramatically behind for your age. Yeah, well, I know. Dramatically behind for your age. And you have to catch up to an emergency fund again. So, I don't know. Let's get your budget. $10 ,000 is the income I mean some time has passed So I have gotten paid A few times I've gotten paid What? I've gotten paid$10 ,000 Since maybe more What are you saying?

1:23:36I've been accruing income this whole time Yes I assume you're making money I didn't say you weren't making money a month ago Well I know but I'm saying a month Has happened so I've made a month worth of income And you had a month worth of expenses. Yeah, yeah. But, okay, but I pre-bought a lot of these. Okay, yeah. You pre-bought, but you're a pre-buyer, which means you're still going to pre-buy. And again, emergencies happen. You don't have that. Debt payments, if we just did our minimum, is$259. What's your rent and utilities all combined? 21. Is that including the internet? Yes. Phone bill?

1:24:14No, none. Okay, I'll do helium if you need it. Okay, gas, room, room, drive, drive. Like 150. Car insurance? Like 75. Okay, you can do, I'll give you$400 for groceries. It's higher than normal, but still just meal prep, meal prep, meal prep. Try to live on the cheap until you get an emergency fund because it is an emergency not to have a fully funded emergency fund. Look at what's happened to your life. $100 for TP fund, anything else you need to survive, toothpaste, all that good stuff. Medical health care, co-pays, multi-basis, medications. I mean, outside of this one emergency thing, I haven't really had any medical bills.

1:24:48Out of pocket? Okay. Yeah. I mean, dental. What about your cat, age, health? She's like 17 years old. Okay. No pet insurance. Cat food, how much? $70. Maybe something like that. Gym? No. I do cartwheels in the park. Of course you do. Anything else that needs to be in your budget that I have not taken into account? No, not really. Well, yeah, I mean, the food budget's a little light, I guess, but I don't know. All right. Well, I mean, this is as simple as it gets. What are we doing? It costs you$3 ,054 to survive on a monthly basis. $10 ,000 is needed.

1:25:42pay off the debt in a couple months take six months to build an emergency fund I don't know

1:25:48pretty chill pretty easy you just have to live on your needs and not go crazy right but even with that that's going to take I mean that's going to still take a long time to get a down payment for a house right yes yeah but you don't even think about that until you have a fully funded emergency fund so i don't care about that right now and also you're only willing to buy a house once the market collapses and the bubble breaks so spending a budget you overspent zero out of ten i know they had to do with emergencies but you still spend money that you didn't necessarily have to on some things as well especially for that time debt not great debt that's about to accrue but it's not the worst debt by any means especially for your income situation i'll give you a two out of ten there.

1:26:31Emergency fund, I know that'll go to that, but I would add to the debt score and take away from the emergency fund if I was calculating that part into it. So right now, I'll give you a 6 out of 10 for emergency fund retirement. Definitely behind for your age. Pretty intensely, 4 out of 10. Maybe even a 3, but I'll do 4. I'll be generous. 0 out of 10. Hammer financial score 2.5 out of 10. Guys, make sure to join us for the post show. We're going to hang out there. Make sure you join Hammer Elite. That's the best version of our YouTube membership because it's the best YouTube membership on the platform.

1:26:59The platform has even said so themselves. And if you don't want to be like this and you actually want to pay your bills on time and interest not accruing, download the budgeting apps on it for the annual version. I'll sign the cookbook and I'll send it directly to you. Join us for the post show. Hello, my Cameroonian princess. How are you? I'm fine. How are you? His opening message was like, hello, would you like to come to the United States? I'm lonely. Yeah. How do we know you guys love each other? If that was the message you responded to. We couldn't really say we love each other. $8 ,000 of debt and he'll have no savings.

1:27:30How does that make you feel? Um, elusive members content. Click the link in the description or pin comment below and watch thousands of hours of extra and uncensored content.