He Came Here To Fight Me | Financial Audit

25:02We were fiscally irresponsible That is not an answer Why did you choose to do it? That is not your choice The fiscally irresponsible is not the answer I want to know why the f*** you did it Self-assessment, try to get any kind of reflection in your life Why did I do it? I don't necessarily have a great answer for it I'm fiscally irresponsible That is not going to be an answer That's why we racked up so much of this debt Because we spend money on dumb s*** There we go Stupid one-time purchases What are you getting? This one-time purchases that you're able to justify for an entire year, which will apparently never happen again in the rest of your life.

25:34I never said that. Okay. Then why are we defending ourselves? Like, it's just one-time purchases that will never happen again. Because certain one-time purchases will never be made again. I have already looked at certain purchases. Sure, but they will be replaced with other one-time purchases. But that's what I don't want to do is replace them. They always will. But you say they always will. They don't necessarily have to always be. With your discipline, if you choose to. And that's what I need to work on is my fiscal discipline. Yeah, so let's learn about why you did those in the past. Tell me, what were you purchasing, dude?

26:02Instead of just saying, I'm fiscally irresponsible and trying to move on. What the f*** did you actually do? And I'm going to be completely honest. I didn't know we spent$70 ,000 a year. That's why I'm saying I don't know what these are. Can you answer the question, guy? You don't need to sit here and try to look good. I don't know what we spent that money on, the$70 ,000. You can't reflect to three months ago. $12 ,000. You keep bringing up one-time purchases. Tell me about any of them. Couches, one-time purchases. Oh, he figured it out. He was able to get an answer. We got there 10 minutes later.

26:29Couches, one-time purchase. TV, one-time purchase. All the stuff we've had to move in. That's$70 ,000, couches and TV. That's what I'm saying. I don't know what this$70 ,000 is. All the stuff we've had to move in. Plates, dishes. You needed a TV to survive. Well, we've had our TVs. Okay, so that wasn't it then. Okay, so desks for her to sew. Sewing machine for her to sew. Okay. She can try and make some supplemental income when she's allowed to work. How much have we made? None so far because I cannot work. She's not allowed to make any money whether it's cash or a bank account. Then maybe we shouldn't have purchased for something she can't do.

26:58That's when she was allowed to work. And did you make any money doing that? No. Okay, so bullshit. Keep going. I don't even know what other one-time purchases could be. Lots of food, lots of, you know, I mean, your passport doesn't really count because you had to get that. But going on vacation to Ocean City. Yes, that is necessary for surviving and moving into a new place, this f***ing guy. What are you talking about? Technically, that was before, but... How about you talk about since the unemployment? Because you're the entire, let's frame, let's frame back. Let's get to where this started. You specifically said we are going to get out of debt when she gets income because everything's going to change because we got income.

27:39However, obviously, mathematically, you can do that part. You know that that is not why you're in this debt. Correct. Because no amount of income she gets unless she gets a six-figure job would make up for the kind of spending you guys did last year. So tell me what the f*** you guys were doing since she got unemployed. Spending money on dumb sh***. Also, I don't really make... You said it was just one-time purchases. Also, I don't really have the money coming in to kind of... Hey, how about you work like a f***ing man then? I am working. What the f*** do you mean? You took three months off when she was unemployed.

28:07I didn't take three months off. It was summer break. I worked over the summer. What'd you do? I work at CVS. You said you weren't bringing in money. You would have been bringing in money if you were working at CVS. They let me work 30 hours a week. Okay, so that is money. Then don't say you didn't bring in money. I never said that. Did he not just say he didn't make money? I literally never said that. No, I work at CVS while I work during school, and over the summer, they don't let me work full-time. They let me work 30 hours a week. Who doesn't? CVS. Okay. Because they can't transition me from part-time to full-time because of benefits.

28:32But you pick up a second job somewhere else. That's what I'm trying to do right now, over the summer. No, I don't give a shit about it right now. We're still talking about last summer, trying to follow along. Yeah. Why didn't you work a second job? Because she was still working over the summer. She got unemployed in August. Why didn't you pick up a second job? School started in August. Why couldn't you pick up a job in the evenings? You don't make enough money. I worked at CVS in the evenings. It was CVS in the evenings. So I work at CVS. Why are you working at CVS right now? I am. Why did you say that?

28:58That's what you do for a living. How am I able to get answers without a full picture? Listen, to be fair, you cut me off after I said substitute teacher, and I never got to go back into that conversation. How much do you make at CVS now? It's about$19 an hour. How many hours a week are we currently working? During school, it's about 10 hours a week. I work there Mondays and Tuesdays after school. You can do more than that. I work there Mondays and Tuesdays after school. They don't let you work Saturday, Sunday. Sundays are only open for over a week. Are there other weekdays other than Monday and Tuesday?

29:23Yes. Might need to check your calendar for that one. I also have my schooling that I have to do. Okay. And when does that take place? I do my schooling Wednesday, Thursday, Friday. I'm in online school. When are the classes? What time? It's all asynchronous. So I do it whenever I have time. There's no live lectures. They're all just posted. Okay. So you can work after school for a few hours. Yeah, I do work. But Wednesday, Thursday, Friday, if I come home at CVS, I usually get home 9 p.m. I have to wake up at 6 a.m. to go to school. If I do my schooling after that, I'm going to be dead. So you're doing the thing that the rest of us have done all throughout life when we had to sacrifice, and maybe you get a little less sleep.

29:57Okay. Yeah, to pay the bills for your fucking wife, the roof over her head since she doesn't have a choice to work, yeah, you man up a little. Okay, I completely agree. That's why I'm looking for— Good, which is why you didn't do that. That's why I'm looking for second jobs right now. I love how this guy's just like, we're going to do this. Everything's going to be good. It's just one-time purchase. Everything's going to be good in the future. you're right I will do that I'm here guys it was just it was just I was just financially insecure how about like that's not how this works you don't just get out of a pushback by saying you're right I'm just gonna do it no why weren't you because I can't just believe you're going to do something if you're just gonna say because when I'm already working in school and I'm already working that second job for two of those days a week the other three days I'm doing school you work on the weekend no go to McDonald's why would I want to go work at McDonald's sure$15 an hour money Morning?

30:41Money? Yeah, money. I have schooling I have to do as well. Okay, you didn't say that. You said Monday, Wednesday, Friday. Again, how am I able to have any kind of assessment if you refuse to answer a question sufficiently? I am perfectly capable of working, but I don't want to work seven days a week. I don't give a fuck what you want. You're under by$1 ,000, and you have a wife who can't work, and it is not her fault. Yeah, but I am not working seven days a week while I'm in school. Yes, you are. I'm going to fail school. that's going to be more student loan money that I'm going to have to do.

31:10But you said you did school Monday, Wednesday, Friday. You did not say Saturday and Sunday. I do school Wednesday, Thursday, Friday. Wednesday, Thursday, Friday. You did not say Saturday, Sunday. Saturday, Sunday. Okay. Like maybe I could pick up a second job. Yes. That's what I just said. That's literally what I just said. That's what I'm trying to do for the summer right now. I'm applying to jobs currently. Not for the summer. I'm saying what? If they hire me now, I'll do it. But I'm applying for these jobs. You can say so many. You can run the rest of this conversation of, yes, you're right.

31:34I will do that. I want to know why you didn't do it because I will have no faith it's just like someone who comes on has all this debt and says you know I'm just gonna pay it off in the next year by the way that's exactly what they just said earlier in the conversation how can I have any kind of belief in that if you have not been doing that that is why I am trying to ask questions as to why you are not doing something so we can diagnose and find a way to get you to actually do it in the future the answer of oh I was just financially insecure and I'm not gonna be that's not a answer buddy You do not get anywhere in life with that.

32:03So why I didn't work? Yes. Why are you not working on Saturdays and Sundays? Because I'm lazy. That's my time to recuperate from the week. Great. Could I have done better? You married a lazy man. Could I have done better? Who's not willing to keep the roof over? Could I have done better? How does that feel? She has a roof over her head, actually. For now. Keep going$1 ,000 in the negative every single month. We'll see how long that lasts. You married a lazy man. How does that feel? I don't think he's lazy. Really? I think he's okay. He's not willing to work Saturday and Sunday. Yeah, I think he should take a break.

32:32as well. You don't want the bills paid. He does pay the bills, but I think you are under by a thousand dollars and debt is going up and right to$70 ,000 since you went unemployed. What are we talking about? You're going further in debt. That's not paying the bills. Do we know what paying the bills are? A little concerned that both of you do not know what paying the bills are, which makes you a little nervous for the future of this conversation. Going to debt is not paying the bills. We do realize this, right? That is actually additional bills now. Yeah, but he He is working two jobs and going to school, so I do not think he's lazy.

33:05He is not making enough when he has time to go make more money, and he is choosing not to. And he just said, because I'm lazy. That was his own words. He literally just said he was lazy. Yeah, but I don't think he's lazy. Oh, my gosh. He's not making enough money when he has the choice to go make more money. I don't know what to do. This sucks. It sucks not to have a break. It sucks not to have a break. We all want to have a break, but we all sacrifice in the time of need. And you're in the time of need. 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.

33:45What 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. These 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. So you f***ing do it. I'm not thrilled to say go do it. I don't f***ing want to see you be out there.

34:29I don't want to see you I don't want to see you you know just working away it's not okay I'm currently applying to jobs and that's what sucks is like I'm going to have to work these seven days a week until her work permit comes in but that's a crapshoot when it comes in they basically said because they fired USCIS representatives everything's getting pushed back so we don't know currently in the process of applying for jobs, but it all depends on who gets back to me. I have remote jobs I've applied for. I have, you know, like local Harbor Freight, Home Depot, Target, that sort of thing. I'm just waiting to hear back.

35:07Like, that's the thing. What is your resume? Because you're the only person in the entire world that will apply to thousands of jobs and not get one interview. That's not true. That's not true. I also applied to multiple jobs. You're in a very unique situation. You do not qualify in that. Yeah, because yours before like, you have to because your social says you can't work you had to put like, hey, I can only work till August of 24. And people aren't gonna hire you for that. Yeah, but that's not why I had my resume. Yeah. But I mean, like, it does suck that like, we're in this position. And like, obviously, I want to take care of my wife.

35:42Like, I want her to be like, happy. And we're not in debt and all this stuff. You want to but then you don't need the one time purchases. I'm still not aligned with I do not accept your one-time purchases. You chose to do them. Chose to do them. If we are caring about the household, it is not getting a fucking dream bed frame or whatever. I don't even know. The couch. We don't need that. We get a used couch off of Facebook Marketplace. And I think looking back into us making those one-time purchases, in the moment, it felt like we had the finances for it. But obviously looking back on it now, seeing how much debt that we're in, it's a huge mistake, right?

36:18Like, we're in all of this debt because we were stupid when we had the money. But I think now we can use that as a learning experience and to not do those stupid mistakes going forward. Okay, let's play a little game I like to call Special Little Game. It's a good name. Again, just self-assessing where you guys are at, and we're going to jump into numbers, which is what you really, really want. You guys are like, we've got to get into the numbers. okay i want you guys to point to the person you think is the cause of this okay i'm gonna ask you a question you're gonna point to it can be pointing to yourself you're gonna be pointing to each other at the same time okay okay so at the moment the moment after i ask it make the point okay who is the most likely to hide their spending okay it's interesting we'll get into that Whose financial spending is sabotaging the relationship?

37:16Who is currently more responsible for the relationship's financial stressors? Oh, we both think it's ourselves. And between the two of you, who needs financial audit the most? Both think it's yourselves. So why are you both? Because you both just thought you were for the last two. So I think the second to the last question, why she thinks the financial situation sabotages her, Because I think she feels like she's a burden on the relationship because she's not able to make an income. Not only that, I do not like to cook, so I like to get some takeout. Why do you think he said himself? I don't know.

37:57Oh, come on. He's your fucking husband. I hope you know something about him. Why does he think it's him? Yeah, I don't think he spends more than I do. Why do you think he thinks it's him? um i don't know i really lady that's not good that is that is not good that you can't even like get in the brain of your man oh boy okay and when it was most likely to hide their spending you both pointed to her what the are you hiding i'm not hiding anything but um i like to buy skins in video games and not tell him okay yeah marvel rivals she loves it but if someone were to hide it, it would be her with, like, video game stuff.

38:39And whose financial spending and sabotaging relationship you both pointed at? You. Yeah. Why? So, I think, I mean, a lot of the burden, all the burden for financial stuff falls to me when it comes with, like, making money and stuff. But this is spending. Financial spending and sabotaging relationship. And so, with the spending and stuff. Let me guess the one-off purchases that I'm never happy to get in our entire lives. So, with the spending and stuff, a lot of the stuff that we spend, like, I don't necessarily have to, like, approve it, but we both talk about it and if I don't agree on it, it won't be spent.

39:07So if she wants to go and spend a bunch of money at Ulta... Well, is that why you guys pointed to her for the secretive spending? Do you feel like you do secretive spending because he won't give permission if you ask? It's not that he won't give permission, but I know what I'm going to spend on is dumb and I just don't want to tell him that I'm spending my money on dumb stuff. And you know he won't agree with it. Yeah, it's not that I won't approve it because like... Well, how do you deal with that? How do you deal with her just go spending without the communication of it? I think we have like a boundary.

39:38Like she's not going to go nuts with like. What do we qualify? Like maybe once a month she buys like a$20 skin for. That's not crazy. But is that all we're talking that's happening? Like she doesn't ever financially hide stuff. You don't do more than that. No, I don't do more than like$20. She went one time. It was with one of your friends. Okay, I'm going to go three, two, one, go on go. I want you guys to give me your household financial score of where you think you are. Zero to ten. Zero being the worst, ten being the best. Three, two, one, five. Eight.

40:17Do you want to translate? For me or for her? Well, she thinks it's an eight. I feel like you should deal with that. I think it's good. I think she thinks because... Buddy, you have$70 ,000 yet? Because we have a roof over our heads, we have cars. You know all that can be taken away. You braked about the roof over your head a second ago when I said, okay, he's not making enough to be able to actually do that. You know that is not a permanent thing. Roofs can be taken away because you do not own your roof. But those mandatory expenses that we have, so like health insurance, roof over our head, groceries, that sort of stuff, that is all 100 % taken care of.

40:56Then why is last month 1 ,000 hours more than we brought in? So the mandatory expenses are covered. The extra stuff is the stuff that's kind of fucking us. Are you okay with that? A thousand hours more than is coming in being spent? 800. Yeah. You're okay with that? Yeah, I'm okay with it. What the fuck did you attach yourself to, dude? She is... What? Very... It sounds like from what you were saying earlier, you want to change. And I vibe with that. I didn't like the answers you were given because they felt like cop-outs. However, I do feel that you want to change. 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.

41:43Mmm. 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. Rinse. It's time to be great. How are you guys going to stay together with that mindset? Because that mindset is beyond conflicting with what you want to do. Sometimes it can be a struggle to do stuff because she's very, like, happy-minded and, like, go lucky with the attitude and stuff. And I tend to be more looking on the negative side of the aspect. It's not just negative. You want to change. But she's okay with spending 1 ,000 hours than you guys make.

42:23She's literally okay with that. how can you guys ever vibe on money ever uh i'm okay with it but i also do want to change very much how how do you how that doesn't make any sense how can you do both how can you be okay with spending 30 more than is coming in but you want to change that it doesn't make sense it's hard um like i said she has that happy-go-lucky mindset so my impression of it is she thinks everything is okay, even if we're spending 30 % more, because we have food on the table, we have a place to live, we have cars, medical insurance, she has her doctor's appointments and all that.

43:04But she also does know, like the position we're in is not okay, having to balance transfer credit cards and all that sort of stuff. I just think she's trying to look on the brighter side of it and say it's okay, because we still have a place to live and we have food on the table. all right if you want your hammer financial score want to see where you stand in the world of finances go to calebhammer.com or click the link in the description below and make sure you take advantage of our budgeting apps so you don't end up like them and if you sign up for the annual version i will sign our cookbook that you can't purchase or get anywhere and i'll mail it directly to you so make sure you download the budgeting app today also in the description come on the show calebhammer.com slash apply here in austin texas we'd be happy to have you okay okay oh you've been waiting for it your entire life.

43:50The dude's about to f***ing come. We're about to talk about Discover. The numbers are bad, but I like to look at them. He loves to look at how bad they get. It's his little kink. Okay. I didn't know they were that bad. What's his kink? I can tell he's a freak. He likes getting pegged, doesn't he? No. You guys sister? Is that what you were just telling me? No, I'm vanilla. Hmm. Hmm. I don't think you believe me Okay $9 ,336 on this discovery card What the fuck is that? With purchases only the minimum monthly payment being made and then interest of$34.64 being made How long does this take to pay off?

44:34You might know So how long does this take to pay off if you only do the minimum monthly payments without purchasing which by the way isn't capable in your household because you're okay with spending 30 % more than you make Go ahead How long does this take to pay off only doing minimum monthly payments no purchases? Maybe a year or two. That's interesting. 26 years. 26 years? Yeah, before we go to Zambia. Yeah. Zambia. Oh, well, I thought it was like one to two years. No, it's just the middle. 26 years. Yeah, maybe you don't spend 30 % more than you make. Damn. Because that was a balance transfer from Amex.

45:07That's why sometimes it's worth working on the weekend, even when we're tired. Not that we want to. Not that we want other people to. I don't want people to conflate that wrong. But sometimes, look where it puts us. 26 years. And the longer we put that off, making less and spending more, the longer that goes. That gets to 30 years before you know it. That gets to 35 years before you know it. That gets to your deathbed before you know it. Hey, guys, I always ask me, Caleb, what do you invest in? And honestly, I keep it pretty boring. Take a look at this. Take a look at this. This is my investments right here.

45:43And this is why you gotta follow me on Blossom if you wanna see just that. A couple weeks back, I stumbled upon this social investing app called Blossom and thought, alright, let's give it a try. And it turns out, it's actually really cool. And to be clear, they're not a brokerage. Blossom is a completely free social media platform. They're not your typical investing app. It's social, meaning you can follow exactly what I'm investing in, and you can check out my portfolio in real time and even discuss strategies with me and other investors. There's no guessing games. just clear transparency. So if you're curious about how I'm investing or just want to get smarter with your money, download Blossom right now.

46:21And you can follow me at Caleb Hammer. I'll be sharing my exact portfolio breakdown, investing tips, even responding to your questions. It's totally free, super simple, and way more fun than just guessing stocks alone. So hit that link below. Join me on Blossom and let's grow our money together. Seriously, right now you can actually see what my portfolio looks like today okay minimum monthly payment 187 dollars which by the way that minimum monthly payment alone stacked out on what i'm guessing is even more similar ones for your income situation is a disgusting minimum monthly payment the bright side of that was it's still interest free for what no interest is being charged 34 dollars to 64 cents that's a balance transfer on her discover so that should still be interest free no no no hold on one second because we don't know buddy there first of all that is four percent so it's not interest free you are four percent on 922 but then yes of 232 dollars you are facing nearly 18 percent so no there is still interest happening four percent is not the end of the world but it is still brutal that is four percent on a large number making your minimum monthly payment higher yeah on an income that can barely afford it and why are we balance transferring like that interest the interest now what happens a lot psychologically of course we know people balance transfer they think they've made the progress so they don't do anything more and it is being suggested in your overall behavior that that potentially is mentally what you guys thought because you did not make more than a minimum monthly payment so you guys let your foot off the gas when you do something like this well for that card in particular we've only been making the minimum monthly payments because we've been paying off other cards we'll see i'll go through the debt i that better be the case and I hope that's the case.

48:04I paid off one card in a personal student loan. I mean, they're telling me you're about to buy a new fucking fan. A fan? Yeah. Yeah. Yeah. Like, what kind of fan? Like,$20 fan? Like, a cheap room fan, yeah. Like, we want to get, like, a nice fan because— So that you can use the balcony? Because our AC is so expensive for our electric bill because our big patio door that we have is sealed horribly. So it constantly runs the AC. You can kind of fix that handyman style, though. Well, so the building is super old. So all of the stuff, like the rubber around the door is all like off. And the building's not going to replace that unless they have to replace the whole patio door.

48:47And they will not replace the whole patio door. So we have for the summer we have big or for the winter we have big. And this was your everyday spending card? Historically? The Amex is. Oh, the one that you transferred into this? Yeah. Why do you have an everyday spending card? A credit card. You guys are not credit card people. You don't know how to manage that to save your life. You put one-time purchases that never happen again for the rest of your life over these. Because no one ever buys more than one couch. Yeah. So, like, even with a fan, like our electric bill, just trying to get that high, we have big plastic tarps over our windows right now.

49:23I'm okay with a$20 fan. That's not the big issue for me. It's just like, it's the behavior that got us here in the first place that we're certainly not fixing. Because we spent 800 hours more than came in. Last month, 450 of that should have been for her passport, which is like... 450 out of 800? We're talking about half. Come on. What are we doing? Shouldn't be going out to eat literally once if we're in our negative. If we're in the red, we're not going out to eat once. I don't give a shit. And that's a big problem that we have. She sometimes doesn't want to cook, and I am a horrible cook. Not a choice.

49:54You don't have a fucking job. I don't give a fuck. Because that's not like traditional values or anything. I don't give a f***. You don't have a job. That's your job. Because you guys can't afford anything. That's just math. Yeah, and so to go out to like Sheetz or Dairy Queen or whatever it is. No, why the f*** is that even a choice? Why is that a choice? Why do you feel like you don't get to participate in the making progress? Because I hate cooking. I don't give a f***. He probably hates working his extra job. Yeah, but I hate cooking. I don't give a f***. He probably hates working his extra job.

50:24Can we say something that wasn't just copy and pasted?

50:31Do it! Just do it! Just like you didn't want to do the thing that was required at your last job when it was your job, maybe you just have to do it. Why don't you meal prep a couple times a week so you just warm it up? So it's not a fresh cook every single time. Yeah, but we both do not like leftovers. I don't care what you guys, like stop using this word. Like, I don't give a f— Do you guys realize that your debt is getting worse? you can lose your roof over your head if you can't pay rent and when your debt gets worse your minimum of the payments go higher which means oh at some point we might not be able to pay our rent that roof over your head that precious roof that we really like yeah so i don't give a about i like or don't like i like the roof over your head i like survival Can we choose that, please?

51:23Can we choose any inkling of responsibility? You guys are in your upper to mid-20s. Mid to uppers. You can act like adults, I promise. I can try, but I don't know if I could actually do it. What the fuck are you doing here, dude? Was this a desperate attempt at marriage? No. What are we trying to do? No. She's okay with spending more money. I'm sorry, I'm being rude, but I don't give a fuck. She's okay with spending more money. You're not. She you're you're willing to sacrifice by going and working your ass off. She's not willing to literally cook a meal What are we doing? Are you guys like vibe and last together?

51:59There's behaviors that have to change on both four parts and those are behaviors that have to change I have to work more she has to maybe like Step up a little bit when it comes to household stuff She's not making the steps towards stepping up yeah uh so like these are things that you know we have to work on in our relationship and stuff and i think this is be honest with me not just not like don't mince your words just because it's right here do you feel any kind of resentment here no i really very very much there's no resentment there's nothing there is no no part of the fact that she's not willing to sacrifice but you're willing to sacrifice everything i don't use the word resentment there are times that, you know, I wish she would cook sometimes, but never do I resent her in any way.

52:40Okay. Like, if I ever felt any sort of resentment towards her, I don't think I would have ever married her. I don't know, you guys married after a year. We did. I think we were both kind of at that stage in our lives where we realized, you know, we were perfect for each other, so that's why we got married. We vibed very, very well together. Our finances, you know, horrible. How were we perfect for each other? are sure we weren't perfect for the situation no situation um i was looking for girlfriends she wasn't looking for anybody um but well were you looking to stay no you were gonna go back to zambia zambia yeah yeah she was it was to go back home i gotta look up for zambias yeah she was fully set on going back home and then um we ended up dating and realized you know we both have the same goals in life, don't want kids.

53:32It's a cool flag. And all that sort of stuff. So I think we kind of just hit off based on what our future expectations were. You sure you guys want to live there? Yeah. Where she lives. She lives in the capital city, so it's very nice. I get it. It's just in that equator belt. Yeah, the copper belt. That is just so hard to develop because of just so many natural problems that aren't even people's faults. it's like the fucking no deep water ports endless diseases very hard to tame nature there and this is like is that where we if we get to choose to live somewhere is that what we're choosing it's not an African thing okay it was south and north but that middle part that's just rough that's just rough nature wise the rough thing about it is where big reason why we're not going over now is because they have load shedding so they shut off your electricity for part of the day like every day that's where I want to live and their internet is absolutely atrocious and I know you're addicted to that so that's like Yeah, but the quality of life there is so much better than here.

54:31It's cheaper. Like once you buy a house there. In which way? If you buy a house over there, it's yours forever. There's no property tax. If you don't pay your utilities, it doesn't matter. That house is yours until you die. There's no utilities to pay for sometimes. They turn them off. Oh, well, you still pay for them. I mean, you still pay for them, yeah, but they turn them off. But it's much cheaper. I'm paying for things I don't get. But everything over there is much cheaper. Yeah, it's much cheaper. And it's for a reason. It's because you also don't make any. Yeah, and they don't have a credit system over there.

54:57So there's no mortgages or credit cards. It's if you want a car or a house, you pay. How much is a house? You can get a house, like U.S. dollars, anywhere between like 20 for something like kind of lower. This is why you don't need a loan for it. Or they have houses that go up to like 300 ,000, 400 ,000 U.S. that are like giant mansions over there. I'm sure you can find a loan for it. Yeah, probably, but I don't really know the market. I don't think we have loans for homes. There are no loans for homes. You're literally saying no one could find a loan for a home in Zambia. Well, last time I was there, there was nothing like that.

55:31Could be new. It's been a couple of years. But like cars over there, like you buy your car full cash, no interest payments. How much is a car? About maybe 5K. Okay. See, this makes it like we're going to get a new car here. We're talking 40-50. Oh, yeah. It's a different situation. And yes, you can borrow to buy a home in Zambia. Several financial institutions offer various mortgage products tailored to different needs, including purchasing, building, or renovating a home. Zambia National Building Society. Zambian Home Loans. Zambian Static Bank Zambia. Asaba Bank Zambia. Zambian National Commercial Bank.

56:08Yeah, but I have never heard it. Yeah. I get what you're saying. I get what you're saying. There's a reason. When people brag about why something is so cheap, there's a reason. Yeah. And you also, it's the cost of living. When everything's very expensive in the Bay Area, you also make it significantly more. Yeah. But do it. If you guys want to, I'm certainly not against it. Yeah, I'm totally in. I'm not against it. Obviously, I have to repay stuff off because making a Zambian salary over there is not going to pay student loans. Oh, yeah, that's my issue. And we have$70 ,000 to pay off, but no behavioral change.

56:43But a lot of the compromises that we would get from living over there, I'd be perfectly happy with. I bet you there will be some once-in-a-lifetime purchases once you move there. Blue cash every day. What's going on with this card? So that's our everyday spender. I opened that maybe three years ago and then put her... 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.

57:17Toys and jewelry to new beauty brands and styles, these gifts go seamlessly from our stores to under your tree. Seriously, with these savings, why shop anywhere else? Burlington Deals Brands Wow. On as an authorized user after we got married. So that's kind of what we spend up until a month ago when we got a Sam's Club card. Spend groceries on, gas on. You paid last month's off. We're at$1 ,079. Is this always paid off? Not always, but the balance on that one, I usually put well over the minimum on that. I usually put$400 a month towards that. Well, that wouldn't pay it off. We're at$1 ,079.99.

57:54Let's just put the minimum monthly payment for budgeting purposes,$40. Okay. Four years just to pay that off, by the way, if you only do minimums. Wendy's. Spotify. Aren't you going to miss Wendy's? I will miss Wendy's. That's where our first name was. Wingstop. Aren't you going to miss Wingstop? No. Raising Cane's. Aren't you going to miss Raising Cane's? I will. Sheets, Hulu, Dairy Queen. It's like we just can't be Like when we're literally under on a monthly basis or even if we're breaking even, but this month we have a big passport thing, right? Then you have to cut on the stuff. That is just what an adult does.

58:36That is what someone who is sacrificing do. And guess what? Your sacrifice of having to work more is now because you refused to sacrifice and cut your spending before and you've gotten yourself in debt where your minimum payments are higher. You are now forcing yourself. Like you could have maybe worked an extra, you know, five, ten hours a week to break even before. but then you chose to spend way more than you made. So now you're forcing yourself to work an extra 20, 30 hours a week. And that is no longer a sympathy. Oh, I'm sorry you have to do that because you chose to do that now. You chose to make the spending that has boosted these minimum payments to where you no longer have a choice.

59:10Are there any big expenses coming up too like that passport? So she just had in the past two weeks four fillings. We do have dental insurance. Good, but usually that isn't great. It only covers 50 %-ish, I think. So for her four fillings out of pocket, that was about$400. And then she has two of her wisdom teeth coming out at the end of next month. How much is that going to cost? So they gave us the bill before insurance because they don't know what insurance is going to cover. It's$1 ,400 before insurance. So usually they said insurance covers maybe a little over half, 65 %-ish. So maybe around$500 to$700 depending on what they cover.

59:53Um, and then she's had dental work 14 ish fillings over the past year and a half. Oh my. Yeah. And, um, that was before we had insurance. Um, so that was all out of pocket, which was probably around four grand total. And that was care credit credit card. That was all interest free for 12 months that we paid off. Um, so that's all paid off, but it was still$4 ,000 for all of our dental work. because they don't, how we do in America, go to the dentist every six months. They don't. They go when their teeth hurt. So her teeth never hurt. Zambians. Back home.

1:00:33Zambians. Yeah, plus I also don't like going to dentists at all. Well, no one likes to. Yeah, but hopefully after these teeth are done, I mean, half of her teeth are filled, so she should be okay. Okay, okay. Teeth are not one-time purchases. I don't know if you know this, but they also exist for the rest of her life. Yeah. Until you pull them out. So, no, that's not how that's going to work. More work will be done in the future. If you both want to keep all your teeth. I think the big reason why she got a lot of the dental work done at the beginning was because she never really saw a dentist over in Zambia because her teeth never hurt.

1:01:09When we started going every six months here, they went, oh, my God, like you have so many cavities. I'm sure you had a lot more sugar when you came here. Yeah. It just comes in our diet. Yeah, so hopefully now with her seeing the dentist every six months and she's taking care of her teeth much, much better, that may be only one filling every now and then rather than eight, nine, ten. So hopefully much, much cheaper. Over the past year and a half, my team and I have worked with experts to create the literal best for financial education programs on the entire Internet. And even with a full month for a money back guarantee, we have the lowest refund rate in the entire industry by far.

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1:02:27And to learn more, just go to CalebHammer.com or just click those links in the description below. Yeah, and apparently you can just go crazy on birthdays. You got on a fucking massive Oculus, black limited edition Steelers tickets slash coins. Again, couples massages. This is like you guys are spending so much money when one is not working and the other one makes peanuts. You guys are living a lifestyle that you're not even close to. And it is putting you in such a bad place. and still i really like i really don't care like live wherever i i'm you know i'm cheeky i make jokes whatever it doesn't matter um but it's like you guys are living the bougie lifestyle like how's that gonna translate to over there it's like like i'm very curious to see the kind of lifestyle you guys live over there but either way you're never paying off the debt and saving up the money that you want to live make it over there if you got a million bucks saved up compound interest and all that good stuff by the time.

1:03:30Yeah, you could live like kings, right? But it's like, you're never going to get there if you're living a$120 ,000 lifestyle like you guys refuse not to do, essentially, off of$20 ,000,$30 ,000 a year income. So I don't know how we're ever going to get to that Zambian point. So like bougie in Zambian, even making$20 ,000 here is rich. I get that, but it's the lifestyle. Do you have access to all that stuff over there that you like to do? In either way. Okay, great. So that's if a coup doesn't happen. That's true.

1:04:04I'm just saying if you're living the$120 ,000 a year lifestyle now while making$30 ,000, how are you ever going to pay off this debt and save up the amount of money that you want to have to live over there so you don't have to make that median salary or whatever? Now, I looked up their GDP per capita, not even the median salary, but let's say you make$1 ,000 a month. You want to save up more money to live that higher lifestyle there. How do you get there if you're living off 120 now? Yeah, I think this shows kind of the big kick in the ass that both of us need to essentially change everything that we're doing with how we're spending money.

1:04:39Obviously, I'm going to need to work more whenever she gets to work. Over time, if they allow it. So I think this is the big kick in the ass we need to get that debt away. And then we can save up for a couple of years, and then we could be perfectly fine living over there. It's not a guarantee that we go over there in like five years or 10 years or 20 years or whatever. We'll just get to it whenever that comes around. But we do need to pay off this debt first. Like that is number one priority to us. With a master's degree with a lot of experience in Zambia, you can make about$3 ,000 as a math teacher.

1:05:11But if you go private, you can get$5 ,000. Okay. U.S. or Quacha? Hmm? U.S. money or Quacha? U.S. That's our currency. Okay. That's good. for Quacha you can go up to 106 820 Quachas because what did you make over there when you were working logistics 10k yeah it was like 800 US a month yeah and that was like good salary for them yay let's do that again

1:05:42okay city double cash and I love this card I use this card but fuck you guys are not credit card people and the last one yeah you're right you paid off the last balance but you did have interest accruing this year showing that you do not always pay off the balance, meaning you're not credit card people. Don't use credit cards. It doesn't make sense. It takes 11 years to pay off this card. You're only making minimum payment. It looks like it's at a 0 % period right now, but$3 ,092.50 is your minimum, oh, is your balance, with a minimum to payment of$41. 11 years to pay off, but interest kicks in in a year.

1:06:16No, less than a year. It's like nine months. Yeah. Yeah, that one I think we transferred over in December. that was from the Amex. So it's transfers to transfer. Our transfer is to transfer. It's like, again, if we're transferring to transfer, you never get out of debt and never save up the stockpile, the arsenal that you need to get over there. My thought process for transferring, balance transferring these was if we kept that whole balance on the Amex card, being that that's at like a 27 % interest rate, we wouldn't be able to make those minimums. I get that, but again, you're only making the minimums and you're never going to be able to go find Kony, okay?

1:06:48Yeah.

1:06:52Yeah, my thought process was do that, make the minimums until she can hopefully get her work permit, and then we can try and hammer down on those. Since I would like to pay the credit cards off first before student loans or anything, because they're the highest interest rate. I get that, but you just defer to defer to defer. It's just to kick the can down the road. Yeah. I really get that. And I haven't seen a card that we're making that like, okay, so we're putting all our energy. because even still on that one card where you paid off the balance but you don't always and you're certainly not this next month, you're still spending on it, which is not our hyper-focus, you know?

1:07:26Do you think it would have been a better use to keep all of those balances on one card? It's less about that. It's about what you do after what you did. You're not doing the hyper-focus. You're doing the foot off the gas that a lot of people fear. Like Dave Ramsey is super against credit card transfers and is against consolidation. I'm not. But with stipulation, not to do what you're doing, which is where you don't bring that intensity to it. When you see interest going away and being hit from it, you bring that intensity and that's why people like Dave are against it. So it's the what you do after and what you're doing after.

1:08:06I think it was my thought process at the time was to have that be on like no interest or that 4 % interest on that Discover one. I understand that. Just to give us a little bit of more leeway to try and pay some stuff off, but we don't have the money to pay the stuff off. That's the struggle. Because you still spend money. Yeah. We saw the spending. And apparently you collect sports cards, so there's even more spending. Don't spend money on them, though. Wait, you find them under a dumpster? I had a bunch of old sports cards from when I was a kid at my parents. I'm literally being told you've spent thousands and thousands on them, so I don't know what you're saying.

1:08:37I got cards graded that I want to sell. And you have now spent thousands on them? Thousands? No. I spent to get them graded. You know the only way they get that information is if you tell them that information? Thousands? No. I spent to get them graded. Oh, sorry. Never mind. I just read it wrong. They said you have thousands and thousands. Yeah, I have cards worth. What's it worth? What's your card collection worth? So the ones that I have graded, I have a bunch of like Polskines, PSA 10s. How much? If I sold them all right now on eBay, I'd probably make$1 ,500 to$2 ,000. So why not for the sake of our family do that?

1:09:13That's what I've been thinking about doing. But at the same time, I'm like the one rookie who plays for the Pirates, the local team, he's the best pitcher in the MLB. So it's like, do I sell that now or do I hold on to it because it's going to work? Let's just get out of debt to meet our future goals that we want to do. What's more important, a card, a potential day trade of it, or our family? I'm choosing our family. I'm choosing the household. That's what I'm choosing personally. Yeah that was Oh and you collect too What the fuck did you collect? Manga Manga? The fuck is it manga? Isn't that It's anime something right?

1:09:47Yeah it's Japanese comic books Okay How much? About $20 each I think And I have about Oh 30 Some of them are 30 Cause some of them are light books How much? Total Yeah how many? I have maybe 15 of them Okay, it's not the worst, but it's priorities of where we're going, man. It's priorities of where we're going. Yeah, I mean, we're going to be kicking into that 22.24 % interest, right? Like, that is not the life we want to live in nine months. No. And what is required to pay this off in nine months is certainly not what you're doing. You're only making the minimum of the payments. So, what that balance, what was that?

1:10:31$3 ,092, yeah. Nine months, you got to do$343.55 a month.

1:10:41oh sam's club okay we keep going luckily this one's relatively small it looks like you might pay this one off every month so i'm not gonna write it down as a debt but right now it's at 167 69 because you purchased 197 69 yeah that one's for the sam's club groceries and gas that we just get there and i do pay that one off every month we just opened it maybe two three months ago Why are you opening new cards if you can't manage your other cards? I'm glad you've done this well for a few months, but your other cards are showing that you cannot do them well. In fact, your bail is transferring to get out.

1:11:12Yeah. To get out of the world of interest. What is suggesting that you are safe enough with credit cards to be able to make it? I figured with that one, we only spend that at Sam's Club. That's not a spender that we use. Which I hope for now. For now. It's three months. Look what you've done with your history. It's the history thing. I know that if I have little Debbies in my house that historically I eat them. Oh, I did well for a month. I'm okay to have them in the house now. Uh-uh. I probably fall back into it. There are just human instincts, and you guys are clearly not good with budgeting or spending or managing or credit cards, whatever it is that we're discovering along the way.

1:11:54You might do well for a couple months. This is a dangerous weapon. With that card, that card never stays in my wallet. It always stays at home unless we are going to Sam's Club. Okay. For now. I agree with you, and I believe you, but it is based on your history that this is a ticking time bomb. That's what I'm trying to not do with this one is do any of that stuff because I know it's a ticking time bomb, and so that's why I leave it at home and I never want to spend any money on it other than just for our groceries. Is this a second discoverer? Yeah, it's my personal discoverer. Oh, for fuck's sake.

1:12:29Okay, also paid off for... 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. Yeah, that one, that's the one that we really hammered down on over the past maybe year, year and a half. I had a balance on that one of maybe like$4 ,000 that we just paid off. But even the spending on this is, I mean, it's f***ing OpenAI and Microsoft Ultimate.

1:13:14It's like, and we can kind of cut that. Yeah, Microsoft Ultimate is my Game Pass for my Xbox and the chat GPT is what I help. It helps me make lesson plans for school and for my homework and stuff. The future is your children's education, ladies and gentlemen. It's... I'm just saying, let's, we, the more and more and more we can cut out, the better. Because you are not making enough to survive. You're a substitute teacher. Come on. Yeah. Come on. Let's be honest. Yeah. It's stepping stone. Hopefully that stepping stone is done by the end of this year. Which I'm down for. It's just like, I don't think you need this right now.

1:13:56I can agree to that. Honestly, I'm going to go Dave Ramsey about it, so let me get the hands and the armpits It's, you know, you shouldn't even have enough time to be playing your Xbox with how much you're working to get out of debt. Okay, and honestly, there's a part of that that is true. With you in this situation, it's a situational thing. Do I want you to do that forever? No, no one would suggest. People think I'm mean, I'll work, can't spend money, blah, blah, blah, blah, blah. Okay, they're little pussies. The fact is, I want you to actually live a better life, and sometimes you've got to make a little bit of a sacrifice.

1:14:28in order to do that just sacrifice okay temporarily so we can get to the goal you guys have a 20 year goal that's awesome a lot of people don't have a 20 year goal on this show so let's take that and do what is necessary to get there and right now it is kind of something hardcore that is working our ass off and it's cutting the unnecessaries even though you pay it off every month it is still money that you have to put towards the card that could be going towards the rest of your debt A firm? Oh, that's dangerous, especially for you. Yeah, that's our mattress. What the f*** are we even buying? Mattress and it was her phone.

1:15:08You could have cheapified the mattress. And the phone. You do not need an iPhone. It sucks. It's horrible. Yeah, my old phone was also not working. It's a 16. Oh, dude, just get an SE. It's cheaper. Okay, a firm. F*** me. Are any of them interested? No, no interest. What's your minimum monthly on all this? The mattress. Looks like$41.42. Yeah,$41.42 for the phone, and the mattress is about$69.70. Okay, so we're looking at$111.12 on a monthly basis, and we owe$1 ,673.46. Yeah, nectar. I got nectar. Nectar's a good bed. You did not need that. When we're dying, when one's unemployed and the other one's making pennies, we don't get the nice mattress, and I love my nectar, okay?

1:15:55You don't need it. We don't need a brand new iPhone. These are priorities in life. Well, what? We kind of did need the bed because the bed that we had was like two twin beds. You did not need a bed that is literally more in value than the GDP per capita of your homeland. That is not what we need to do to survive. When I moved down here, I slept on an air mattress. Survived for six months while paying off debt. Then when I did upgrade, I got a$300 mattress. There are so many options between sleeping on the floor and getting a near$2 ,000 mattress. There are options. And this is what we do when we want to live a better life.

1:16:42This is what we do when we don't make much money. I'm sorry, you don't get to live the life of the rich and famous when you don't make the literal median household income of the United States, which is close to like$65 ,000, you make less than half of that. So I don't give a f***. You're not getting a nice mattress. Wah!

1:17:04Also, less than half. We do make more than less than half. I make about$45 ,000 a year. $45 ,000 a year? Substitute teaching brings in about$35 ,000, plus I make close to$10 ,000 with CVS. You're extra. Okay. Yeah. It's that extra that keeps. Yeah, it's still not wonderful. Because I don't think you're making$35 with your substitute teacher. With what you make working full-time, net. Well, I'm thinking net. I'm thinking net. With no time off, it's$33. And you have a lot of time off. I'm guessing you're closer to like$22. I've only taken off three days this year. The months. The teaching income.

1:17:41The summer break, the winter break, the spring break. Look, you work six days this month. But 175 times, we have 180 days of school. and I've only missed, this is my fourth day of school that I've missed this week. So I've been there. 180 times 175. 175, but that's not 175. No, it's probably 149 times 88, you said? 180. 180 years. Yeah, 180 days. Okay, it's probably closer. Like I said, 25. I said 22, 25. Okay. Yeah, because they take out a decent chunk for... So it's probably even less. It probably is closer to 22. It's called PISERS. They take it out. It's the Pennsylvania State Education Retirement Service.

1:18:14There it is. Yeah. At some point, you'll get it. Hopefully, it's being invested well in the know? I think they take four, and then I put in an additional three or four. Is it a pension, or do you get to control what it's going in? The one that I'm in now is a pension, because they have a bunch of different categories of it, but you can't get in those other categories. Pensions in the United States sucks. They invest like pussies. Yeah. It's not like the Canadian teacher. The Ontario teacher fund? Woo! They own like 5 % of the world. So like the Peasers thing, and they call it Peasers, but I put 4 % in, I think they take 4 % out.

1:18:48So it's like a decent chunk of my check that comes out. It just usually doesn't return what you want to see in your own investments. That first 4 % is mandatory. They take it out for anybody. And that second 4 % is voluntary, but they kind of default that. So I can take that out, but you can only do that once a year. So I can't get into the actual teacher pension, the good stuff, until I'm salaried. Well, you'll get there. That's not my biggest concern My concern is I see this Bullshit No statements for these but these are numbers Okay I see car lease won 789 is that what's left Yes that's what's left that is my car I have two months left What are you going to do in two months What's the buyout 13.5 Just 1 ,300 13 ,500 but the car is worth about 17 to 17.5 but we also don't need two cars right now

1:19:48so what are you going to do my thought process and I have to talk to my brother-in-law because he sells the cars so he knows really he knows more about this than I do he's who but he's not the guy who we bought the cars off of him oh but he doesn't work there anymore but he has friends that work there since my car value is more than my residual buy out the car and immediately sell it make two three grand off of it whoever wants to buy it. I know. I would talk to him. I would talk to him. I'd really try to get him to assess it. I'd really try to get him to assess it. I'm down. I am down for it.

1:20:20If it actually works. And I want you to be very careful about it. Yeah. Over three years, I only have$14 ,500. And then just use the one car? Yeah, because she's not working. Okay, so I'm going to cross that off for now. That minimum payment will be gone in a couple months. What is the minimum for now? On that one, it's$260. For the next two months? $263. Okay, for probably. Okay, the next few months. Okay, car lease too. This one's bigger. We have a remaining$5 ,760. Not terrified about the balance. That's not... But okay, what's the minimum monthly? And for how much longer? $319 and some change, and it's for another 18 months.

1:20:56$319.50, we'll call it. How many more? $18.00. We're like halfway through these. How are we doing with mileages and everything on these? Super low. Which is why we only need one car. Yeah, mine that's about to be up in two months. I have just over 14 ,000 miles on it. So I'm under half of what they expected. So that's why mine's worth a little bit more. And on hers, she's at about 11 ,500, which is under what she should be for this time in the lease. Well, that part's good. And you haven't fucked anything up on them? Good. So let's use this one car. But when we're using one car, our mileage will be a little higher.

1:21:30But I'm not terrified with what you guys do. Yeah, because my workplace is only a mile away. Yeah, you go home and then you goon permanently for the evening. And then... I go and you go. Well, I don't know what you do. She games. Marvel Rivals. Right. Yep. Got to buy the skins. Okay. So$3.19 a month on that forever. Now, this one's disgusting. Student loans. I see a couple different things. I saw a different number in here than here. How much of student loans do we have? For her name, she has about 21. Oh, because you went to school here. Yeah. Why did you go to school here? Because my sisters were here and they said it's amazing.

1:22:10So I came. Yeah, it's fun. She was going to take an American degree and go back home. And American degree is worth much more over there. Yeah, but how much more do you get? To put in$40 ,000, what do you get? How long does it take back to earn that extra$40 ,000 versus not having an American degree and having a Zambian degree? A long time. Exactly. Yeah. There is a truth answer. I like that. Okay. so how much for her about 21 she has a loan for 16 and a loan for about five what's the minimum um 129 and some change and then about 60 or 70 on the other one we pay i think it's about 190 total yeah and then you what's going on um joe uh so my mom has loans that she took out like parent plus that are in her name okay but that's not a year so we're not too terribly worried about them i get you probably want to pay back yeah and i'm down for it uh but let's worry about like what's in your name uh so just in my name i just paid off a discover one that was five thousand uh student loan a private student loan discover i had to get one for my last semester of my bachelor's degree because so are the rest federal now yes everything else how much um i want to say maybe around 35 to 40 just in my name and there's about 40 in my mom's name okay how much for your 40 is your minimum a monthly.

1:23:31Zero right now because I'm in school. Right. Yep. And that's okay. That's okay. That's good. And so I'm in school. I'm taking one class in the fall that goes along with my student teaching. Student teaching should end in about. You have to borrow more. I have. So they gave me that money already. It's sitting in my account. So I'll just use that account. So if I see that, it's not going to count. Yeah. So where is that in here and how much? Where's the cash? That money. That money is in my personal savings account. So we'll see with that. So this is, is that it for debt? I think that's it for debt.

1:24:06Is that it for debt? Yeah. Okay. Citizens. Okay. So in here, I see 6 ,243. What is this? What's up with this account? What's going on? So that account, that's the one that has the most in it, right? That will be our joint account. So that's what we use, pay our rent, pay our car. And none of this is for the school? No. Okay. It's a good balance. Why isn't any of that going towards debt? So I'm worried with over the summer, if one of these jobs don't hire me, that I kind of need that as a backup fund just to pay those bills. That's true. Yeah. So I don't want to spend all that money, and then we end up having no money, and then no place to live.

1:24:50$1 ,690 in this one. It's just money back and forth between things. Yeah, so that is my personal account. I get paid into that. My paychecks come, and then I just transfer them on our bank's app to the joint account. Then$1 ,988 in this. What's this? That is the student loan money. That's it? That's all it's going to take to make it through? One class. Okay. And that's what I want to talk about, too, with that student loan thing at the end. Student teaching. Sometimes paid, sometimes unpaid. Don't know yet. Okay. Well, hopefully you're going to be working your ass off outside of school. hours.

1:25:23PA started a$10 ,000 grant last year that I applied for within like the 10 minutes they opened this year. They're waiting for more people to sign up. And if I get picked, it's$10 ,000 over three months. And if I don't get picked, I have to work for 40 hours a week for free. Yep. And then you're going to work 40 hours a week outside of work making money so you can survive. But luckily I signed up enough for it. And yes, he's going to probably without a break because he's a big boy who's going to do a little bit of a sacrifice and maybe you should too. We have a very heavy work culture here. Yeah.

1:25:56Yeah, I've noticed. But it's for a good reason. Because if you want to spend like crazy, you have to earn. You don't just get to live the high life and not provide anything. $2 ,784. In what? Assets? Bitcoin and Ethereum. I mean, listen, I am. Okay. And then that's what we're having in Robinhood as well,$2 ,500. Just the thing, I am not against crypto. crypto for like 1%, 2 % of my portfolio. The thing is, just sell it for now. Just sell it for now and pay off the interest debt. Lower the risk over your head because you're headed into a summer with, I don't know the pay. We just discussed that.

1:26:36I'm going to go into student teaching for a semester, right? Is it a semester or a quarter? Okay. I don't know the pay. So lower the risk of the debt over the head. Let's minimize our minimum payments that we are required to have when we don't know what the pay that we're about to have is. okay it's not about the crypto it's about sell it it looks like it's lost some value anyway so there's no capital gains taxes that you're gonna have to pay boom pay off some of the debt what do we have in crypto total um so between those two i want to say maybe four there you go pay off city double cash yeah because i bought into city double cash and most of a firm there you go is it taking care of interest no but it's taking care of minimum payments and it's taking care of a bout of$151 of minimum monthly payments that you no longer have to take care of.

1:27:21Yeah, I bought into those right during COVID when, like, I had no expenses because I was still living with my parents. Which is great. And I honestly, I don't need the long-winded version. Just sell it. There's no point of having minimum monthly payments over our head when we're going into an income situation that we don't fully know. Okay? Right? So you think it's worth paying the city one off, even though that's no interest over the Discover with the 4 %? You can put it where you need to get. I'm trying to get rid of minimum payments for you right now. A little less about the interest, but the minimum payments.

1:27:51When you don't know where your income is going to be coming, if any, soon. Because minimum payments get scary. Interest makes the balance go up. Minimum payments are required. So total income. 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. Prices may be higher in Hawaii, Alaska, and California. And for delivery. Right now, well, with both of your jobs combined, what are we looking at net on a monthly basis? Again, full 10 weeks, it'd be$2 ,800 for the school, and then$10 at$19 would be an extra$380 before tax.

1:28:35Okay, we'll call an extra$250. Wait, 10 times$93. So it'd be$720 per month,$380 per paycheck. Oh, okay. $720? So we'll call it an extra$600. Yeah.

1:28:50$3 ,400 on a monthly basis. Debt minimum of payments. Let's get that. Not including the Louis that's about to be paid off because no need. Either way, that's being gone, whether I buy it out and sell it or just return it. Which I definitely, yeah. This is what you guys have done with your choices for the critical one-off purchases. $888.62. What's your rent? $1 ,000 even. Okay, utilities, including internet preferably? Internet's$50 a month. Electricity varies. In the wintertime, usually about$60. Give average gas and electric. We don't pay gas, just electric. I'll actually give you average. For the full year, maybe about$120.

1:29:38Okay. Because summertime's... Vroom, vroom, drive, drive, gas. um i fill up once a month so 40 a month for me and then she usually fills up once to twice a month yeah twice a month because her sisters live about 45 minutes away um total for both of us yeah about 120 a month uh is car insurance per car per individual in pennsylvania um per car okay so what's the car insurance on that car because that's going to be the only car yeah so right now combined they're 212 if we get rid of her one car it's going to be a little more than half that because they give us a discount for having two. So maybe about$110,$120 for the one car.

1:30:13I'm going to call it$120. Phone bill. We have mint, so we each pay$180 every three months. What kind of mint do you pay for? Six months. Oh, every six months. Yeah, because they don't do it per month. You have to buy so much. We'll call it$30. Yeah. Okay, TP fund. I'm going to call it$150. Anything else you need to survive in life, it's makeup, blah, blah, blah. grocery$600 that gets you a follow meal plan meal prep I don't care if I want to medical health care monthly basis ours is really cheap right now because we're on one income it's about 50 for health insurance and about 30 for dental and vision before pay though or after we go through like the state it's through penny so okay go ahead continue how much so through penny it's about 55 for health care for both of us and then our dental and vision is through someone else it's about up 35.

1:31:05Now what about co-pays on a monthly basis typically? Or prescriptions or anything? She will do therapy twice a month. Co-pays are 35, so 70. And then if she goes to the doctors or whatever, that's another 35. That's usually once every two to three months. Two to three months? Wow, okay. I'll put an extra 20. Okay, so I'll call it 180. Okay, do you have any pets? No. Good. Anything else that needs to be in the budget?

1:31:35Not that I can think of Because everything else is kind of expendable And this is the stupid, stupid, stupid part I get it with the passport That is, you know, an interesting thing But you guys make enough money to break even If you actually lived within your means But you refuse to because I don't want to So I don't give a f*** at this point This is your choice You are choosing this Now, some months are going to be less but you need to go get more. You supplement that income by driving Uber Eats if you have to. You will do anything. I know it's not perfect. I'm not allowed. Different type of car insurance required in Pennsylvania.

1:32:12You will do anything that is necessary legally to make the money, okay? You'll be selling butthole pics on the internet. That is a joke. I'm in. That is my retirement plan, personally. Okay. But yeah, so you will get this income no matter what. You will work all the jobs, all the hours, all the days to do it. But you have an extra$141.38. Will we make substantial progress on that? No. But we can keep up and we can start making small incremental progress towards the debt. You will sell the car and hopefully you make some money. If you do, pay off a car, get rid of minimum monthly payments. Okay, boom, there we go.

1:32:53Maybe you can't do that, we don't know. Figure that out and be safe about it. Don't get yourself in a situation where all of a sudden you lose. You know, it gets dumb. okay uh now big thing you're right i wouldn't pull from that check-in account but i would liquidate our crypto and i would pay off some of these debts to eliminate the minimum payments maybe the affirm especially because it's a chunky minimum monthly payment and then i would just start grinding down from there i mean even with your debt with your money that you have towards that you can pay off that blue cash in like eight months, you know, even with your current situation.

1:33:31So we can start eliminating some of these minimum payments. I think you guys can live the dream you want to within this 20-year thing, and you can save up enough to do it and get out of debt. But not in your current lifestyle. Your current lifestyle is$120 ,000 a year lifestyle making 40, you know? So this is behavioral. You need a budget. You need to use the budgeting app. You get the premium version forever. Take the classes. You know, it sounds like you know some things, but you guys need to take it together. You need to take the budgeting one and the debt one. Understand the consequences of the debt.

1:34:02What's good debt? What's bad debt? Take the budgeting class together so you guys are united on what is good and bad. Do this. And then the investing class for what we need to do to save up for what we want to do in Zambia. You guys can do this. It is literally just the basics for you guys because you make enough to break even. Not a lot of people have that on the show. You guys are in a blessed position, making very low income and still having enough to make it, okay? Even after all the mistakes we've made. So with this, you just need to budget and grind out the school thing, get into your career, then put everything we have towards this, build up a six-month emergency fund.

1:34:36Then we are saving and investing, and then you can live the life that you want to live. Absolutely. Now, there's an absolutely crazy thing that we can't talk about for privacy reasons, but they agreed to talk about in the post-show because it's behind the paywall, and other people won't see it that they are trying to hide it from. Spending your budget, you overspend, 0 out of 10. Debt, no collections. It's not the worst debt. It's just the income going along with it. That's not the best. Student loans are pretty brutal, though, but I'm going to give you about a 2 out of 10. Emergency fund, we do have a little bit.

1:35:07We're about a 4 out of 10 there. Retirement, pension, hasn't been going for very long, has it? Two years. It'll be two full years. I'm going to say about a two out of ten there. Because I know you don't have anything in real estate. Zero out of ten. Can't buy our$20 ,000 house yet.

1:35:24Okay, it's going to be hammer financial score rounded up just barely. Two out of ten. Join us in the post show. This is about to get juicy. $16 ,000 student loans are private? She's not allowed federal loans. I can't get federal loans. For the f***s sake. Oh, my f***. Tally May is an evil f***. I don't think Sanibe can come for me. Do you have to keep paying your student loans? No, I don't think I could. For exclusive members' content, click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content. This next one's for all you CarMax shoppers who just want to buy a car your way.

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