He Just Sucks… | Financial Audit

26:01Well, you went to the worst one. Congratulations. What's the best one? Literally every other barbecue restaurant that has a tourist trap and it is not good. Well, tell me. I'm sure you know. Yes, Mithaway. Mithaway. La Barbecue. La Barbecue? Okay. Thanks. I might be there after this. Better than gambling. But dude, that's not what we're talking about here. So you had to buy the what tickets? What tickets you had to buy? The plane tickets? I bought the plane ticket, yes. How much? Like$600 Good death, dude Again, you sent$2 ,000 money to your brother You have a child You drained your retirement in half You're dramatically behind now I mean, dramatically, I don't know You were pretty damn on track with$30 ,000 I know You were on track and that's gone And then you built your debt right back up again This financial advisor needs to get never hired, ever It's been tough I will have to say It's been tough Buddy, this is self-inflicted as ever.

26:56I think it's the majority of the baby mama leaving and me not selling the house. Go ahead. Tell me. What went wrong when the baby mama left then? I didn't sell the house and I decided to stay in the house and I made$1 ,700 a paycheck. I didn't. You have someone that pays rent. I didn't. For how long? He just moved in in March of this year. So how long was it then? I lasted a year and two months by myself. Why would you allow that? It was bad financial. It was still personal choices. Yes, and it was personal choices. I said it was like 60 % of the baby money. You could have sold it. I mean, would it be the best?

27:28No, she left. Okay, that sucks. But then you're able to choose what you do next. Yeah. You chose to sit. I did. I just thought it'd be easier. I didn't want, we had just moved in. I had just painted the entire inside of the house myself. That must have taken months. No, it didn't. It took me a couple weekends to do all the bedrooms, all the downstairs. The wait doesn't mean everything. I'm still active. Don't give that look off camera.

28:03Listen, I don't know. I have concerns from your future out of the gate with this. The reality is you just can't stop the gambling, struggling stopping the eating as well. Did you start the Zempick? No. So you're going diet? I'm not ever going to do that Ozempic. Are you on the Ozempic? I wish I could. I can't do needles. You can't do needles. I can't. I would be so much further down. Like an EpiPen type thing? Dude, I would totally do it like this if I could. Really? But I can't. So I'm just. I know some people that have done it, but I always. It doesn't matter. Either way, it doesn't matter. I'm glad you at least lost a few pounds.

28:36But even still, like unhealthy lifestyle for the kid. And the kid also eats what their parents have. Not only that, but you can't stop gambling. You spend$2 ,000 more than you make a month. You're going to Vegas. I guess you're not fixing anything. I'm immediately concerned going in, going into this conversation. Anything else I need to know before I go into these numbers? No, I think we're good. All right. Then what do you think your financial score is? Zero to 10, zero being the worst, 10 being the best. 2.5. Okay. If you want your financial score, take the assessment at calebhammer.com or dollarwise.com.

29:14It's free. Check it out. You'll see where you stand. And if you don't want to be like a guest on this show, make sure you download the DollarWise budgeting app. Take the free trial. Sign up for the annual version if you want to save a lot of money. And also get my budget-friendly cookbook signed by me, mailed directly to you. Sign up for DollarWise Central if you want all of our educational products and the premium version of the app bundled together for 80 % off DollarWise.com. Let's get into this. Okay. Okay. What am I going to say? Oh, I'm immediately spending. Who would have thought? What card?

29:47Discover it. So what's going on with this? I've had to discover it the longest. I got that in college. Spent on it through college. Eventually got a new card, transferred some of the balance, and then honestly I think— You transferred some of this balance away. Correct, yeah. But it's borderline. If it wasn't for that little bit of money that came in because of that, this was maxed out. So your balance transferred, this was maxed out. And then you immediately do the same thing without changing your behavior. This is going right to max again. And I just spend it on here. I'm going to blame it on the ex-baby mama for...

30:24Well, hold on. That was like two years ago at this point. What are you talking about? It wasn't two years. It's been a year and a half. Okay. It's been a year and a half ago. How can you blame this on baby mama? I spent on the card all throughout the time that I had the house. No, no, no. We're talking about the fact that you pulled out of retirement. Put... Well, no, no. know you did the the transfer you transferred away some balance built it all the way to max again and now you put a little bit of your retirement towards it but you're already starting to spend and you're gonna put it to the max how can you blame baby mama on that dude the plan is now to start being more financially oh that's the plan yeah great which is why he's going to vegas what the are you talking about you don't have a plan you're just winging it and having fun dude you don't care you love your kid but you don't you're not putting in the actions that are required for a financially responsible parent.

31:13It's a$200 minimum payment, which is chunky. Add that to your mortgage. The cousin ever wants to leave. Why'd the cousin move in? Ladies and gentlemen of financial audit, this is one of the most exciting moments in this channel's history. You know I've been working on building all these educational tools, our budgeting app, all this crazy stuff over this past year because that is where my passion is. We finally did it and now we put it all into one program called Dollar Wise Central. You get the premium version of my budgeting app. You get the cookbook mailed to you and signed by me. You get to learn about debt, investing, budgeting, real estate, basic beginner stuff, and finance all the way to the advanced stuff.

31:54Collaborated by experts with the lowest refund rate in the industry for a reason. And guess what? Just for the next two weeks, you can try it for free. If you are struggling or you want to learn more or you want to change your life in any way whatsoever, like literal tens of thousands of people have done with our programs, go to dollarwise.com. Click that link below. Your life will change. It'll be incredible. And I am here for you with an incredible support team that you can reach at any time. This is a no brainer. Dollarwise.com. Let's go. Him and his girlfriend slash baby mama of five years also broke up.

32:34Fucking Ohio. Wow. Okay. Yeah. Same exact situation. Is he just getting on his feet or does he have long-term plans to stay there? Right now, the long-term plans we've talked about is kind of for him just to stay there. What's long-term to you guys? Right. Like, there has not been a real timeline. A long-term lifespan for you is about five years. There has been some discussion, but no real timeline discussed. I just told him to make sure he gives me a little bit of time before. Like, I tried to tell him, like, if you're going to leave, like, give me a couple months so I can try to figure out my.

33:12Okay. And if he leaves, maybe that does mean I need to sell the house. In your guys' conversations, what's the vibe we got? In a year, two years, five years, six months? In my, I think maybe another year at least. Okay. So, I mean, your mortgage payment's honestly not going to really change much because we have massive interest rate cuts. but even still your debt to income situation I don't even know you're hoping for those everyone's hoping for those but I don't know it's wait and see right now that's what I've been doing I've been waiting and now this is where I am your debt to income situation is rough I don't even know if you'd have a good refinance anyway I wouldn't I need to refinance but I needed to get the debt under control first before refinancing and she wants refinance she wants off the house but I can't do it right this second I've talked to the to the bank.

33:59Call her right now. No way. Yes. I'm not calling. Call her and say what? What do you want me to say? Nothing. I'm talking to her. You're talking to Call her. Right now. Right now.

34:14What is today? She's working. Call her. Usually I save this for the potion, ladies and gentlemen, but she seems to be a big part of this episode. Lots of excuses. She has no idea about this. Nope. She has no idea. Come on. She may not want to. Did you call her? No. Call her. I'll give permission. I didn't tell her. It's also a one party state. Speaker or what? Yeah. Hello? Hello? Hi. I am a friend. Can I ask you a couple questions out of just curiosity?

34:49Why are you calling off the phone? Because I don't have your number. But he and I are going over his financial situation. And this guy has so much debt that honestly, I had no idea about this whole time. But every single time we talk about a debt, he just blames it on you. And I feel like that cannot be the case. I feel like it cannot be the case that all this debt is your fault. I think he's blaming everything on his quote, baby mama. And I wanted to, I just had to confirm it.

35:46What? Let's go, Violet. Hey, is he with you right now? Say hi. Hey, don't read too much into it. He needed someone to go over his finances, and I am, but I'm calling him bullsh** on this fact that he's— My name's Caleb, by the way. Nice to meet you. He's— Okay. He just keeps blaming everything on you. He's like, oh, she left a month after we got the house together, a few months after the house together, and I have to make all the payments, and I have to take out more debt. It's all her fault. No. So that's definitely not the case. He had an option to leave me the house. Oh, really? She didn't make enough to pay for the mortgage.

36:30Do you know why he didn't take that? Probably because he or dog and he wanted to stay there. I was willing to leave in either situation. happy to stay, happy to go, but I just wanted out of the situation. So to be clear, him blaming you for this is honestly kind of cope from the sound of it. He's coping hard. Yeah. That sucks. Sorry, go ahead. So when I left the situation, I up and left with literally nothing. I started my life over completely from scratch. I paid for her bed. I paid the$500 for the bed. It's a bed guy. Yeah. Come on. A bed isn't that crazy. Yeah. Yeah. You can't sit there and beg about a bed.

37:23You know what he does? He gambles away enough money to pay for a bed every month. Wow. That's one thing I'm starting to call out. And the thing that's kind of, that's worrying me as a friend personally is, and maybe have some insight into this. he is we're trying to have this conversation to get his finances under control because it's what I do for fun I make budgets I'm a nerd he's literally taking a gambling trip to Vegas with his family in a couple months he's going to blow thousands when he's already spending 2 ,000 hours more a month than he makes yeah that trip is supposed to be paid for with my understanding Well, he bought the tickets, but I don't think the gambling's paid for.

38:11No. I don't know. I'm concerned. I'm concerned. And the fact that he immediately deflected to you is drawing kind of major red flags to me, and I just had to go to the source because it doesn't feel right. No, it's definitely not all my fault, but I will say that me leaving the way that it did, I think it caused stress on him. Oh, sure. So I won't completely say it's not, but he also had the option for it to go either way. So it's not just my fault. Okay. Well, thanks for taking the time. I'll let you get back to your day. Okay. It's a little bit of bullshit. You weren't forced to keep the house.

38:57You could have given it back. Can you believe - She wouldn't have been able to afford it. She made less than I did at the time. She wouldn't have been able to, but - She wouldn't have been able to afford it. It's in my name. I did not feel comfortable. You were barely able to afford it. I did not feel comfortable with her being in charge of paying all the house's bills. And she says she left with nothing, and your brag was I got her a bed. I had to pay for a bed. She took – don't let her say she got nothing. She took whatever the fuck she wanted to take, you know. We didn't have that many big things worth taking.

39:24All I'm saying, it wasn't all her fault. And all you're doing this entire conversation is deflecting onto her. So we paid for a nice bed together, and I paid the majority of the price. She was trying to take the best. Is she going to see this? I have no idea if she knows about the show or not. She definitely has no idea. We go far and wide, buddy. I know. Just like your tits. Shut the f - Oh, God. You're not far removed, are you? Oh, we're very different, but I'm substantial. Very is a strong word in your case. Are we that close? Have you looked in the mirror? Okay, everyone's giving a heavy head shake no.

39:58I know I'm that big, but - That's because you're their boss. Hold on, how much do you weigh? You're their boss. How much do you weigh? I'm also, I'm friendly. How much do you weigh? 320. You're over 100 pounds more. How tall are you? You're 220? No, I'm. God, you don't look that. I'm 214. Oh, you look about 270. I'm confused. Thanks for that. How much do you weigh? Or how tall are you? 5 '11". Okay, you are two inches. You got two inches on me. All right. I'm your average American male, 5 '9". Okay. Yeah, I, you know, I'm trying. Golf helps with the activity. I have a gym membership. All the flipping the cards that's really helping.

40:38Okay. Would you like to play some cards? What did you spend on? Let's discover it. Let's not say the baby mama. Bullshit. Food. Microsoft Ultimate and Microsoft. Two Microsoft Ultimates? Two. It's just because it lines up differently with the time frame. What the f*** are you talking about? It just lines up to where one came out, and then a month later, the other one came out. I see. Okay. So, I mean, I put the couch on there. Why is this on a card that you cannot pay off, that you had to use your retirement to put a payment towards, that you had to balance transfer and then build it all the way back up again?

41:18Why the f*** would we have a fun subscription on here? Well, that's— It is fun. My Xbox. I know it's your Xbox. That's how I have all the stuff, my games. Yeah, it's on a credit card that is a green interest that you cannot pay off that you max out multiple times. It's like an auto payment thing. It's actually why on a credit card, though? Do you not understand my question? I guess not. I, uh... No, I'm asking... Why is it on a credit card and not your debit card? You fuck! Auto pay on the credit card. At the time when I set that up, who knows how long ago... Why aren't you switching it to a debit card?

41:49I used to be very close to my... To zero in the checking account. Up until this most recent raise. Most recent raise. So I never changed it. You're pulling money from retirement. let's be honest. Yeah. Yeah. In the couch. I needed a new couch because... You have maxed out a credit card that you have balance transfer and everything. Raise is not what helps you. Raise equals lifestyle inflation for you. Yeah. Yeah. It's... I saw the light at the end of the tunnel with the raise but I'm starting to not see it. But I'm going to keep the Microsoft Ultimate. It's my Xbox Live. I didn't even say not to.

42:28Okay. When we budget at the end, maybe you have the room. I've been giving subscription money. You're putting it on a credit card that is accruing to interest that you've attempted to pay off twice, that you continue to max out, that you're unable to pay off adequately. It's where it is. Yeah, I have. I have. Buddy, $1 ,138 has been taken from you and your child's future this year alone on one credit card. We're halfway through the year. We're halfway through the year. This is going to be a$1 ,100. $1 ,100? Yeah, this is going to be a$2 ,500 taken away from your 90. $2 ,500 on one card alone within this year is going to be taken away.

43:06That's why I'm here. I want to figure out a way out. I want to figure out a way out. That's not an adequate response. I want to figure it out. Okay, don't go to gambling. Don't come to Austin early before you come on the show in order to gamble. Don't go gamble right after this before you leave. Don't go to Vegas and gamble. Hey, I figured it out, you f***er. Are you serious? What is this new couch? You keep bringing up this new couch. I don't give a fuck about a new couch. What? Are you bragging about a new couch? No, I got it. That's 1 ,100 of it. When? Less than a year ago. Why? Why did you need a new couch?

43:38The other one. The other one gave out? The other one was scratched up from the dog, and the arm was broken from me and the kid messing around. So this one will have the same fate? Well, it hasn't yet. It is a little scratched up, to be honest. Well, so it's on its way. Yeah, it might be. but it's a nicer couch. You got a poker table for your own house? Yeah. I bought a poker table also. No! How often is that used? How often possibly is that used? We were using it about once a month, but then, yeah. Now it's even lower? Now it's lower because... Who's we? All the buddies, man. And why is it lower?

44:19Once a month isn't much. It's just been hard to get all the guys together at one time and play. Because you guys probably play with real money, right? Of course. Why would we play with fake money? This ain't Monopoly. Because you don't have. It's lower stakes than the casino or a card room or anything. I know, but it's continuing your habit. It's at least$150 I'm putting up risking for the home games. That's substantial still. When we're struggling,$150 pays for most of this minimum monthly payment alone. Makes this go down almost double the speed instead of paying$2 ,500 in interest this year.

44:54which is what you're going to do. That is sickening. Well, I'm being told the reason that you don't have to worry about playing with them all the time is because you're at the casino every single weekend. It's what I like to do, either golf or gamble, man. But when I don't have the kids, Saturday night, Sunday night. Hey, you actual creature. You actual creature. I know it's what you like to do. I never said this isn't what you like to do. That is not a justification. If I was popping Zannies, I would like that. That doesn't mean it is good. just because I like it. I'd do it without the Xanis.

45:26I'd do it. Just me. Oh, he's... You don't understand what I'm saying. Just because you like something doesn't mean it's good and then you should continue doing it. I like to do it. Poker's a skill game. Poker's not just regular game. Well, then your skill sucks because you've lost more money than you've made. Summer was fun. Maybe too much fun. If your credit card statements look like a list of poor decisions, flights, festivals, and enough iced coffee to hydrate a small town, same here. So, let's get a win on the board. Today's sponsor, Helium Mobile, is offering a phone plan that's completely free.

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47:09Absolutely. If someone who is not willing to give up is down, according to them, who doesn't track multiple thousands, then it's multiple tens of thousands. It's not multiple tens of thousands. Absolutely. 100 % it's not that. How would you know? I can guess. I can estimate. No, you can't. You couldn't even estimate how much you spent last month. Yeah, I couldn't. Well, that was 15 off, wasn't I? 1 ,500, 2 ,000 off? Uh-huh. Poker is a skill game, though. To win, you need to ask. Well, I'll get you a course career certification and a skill that actually matters. I don't need any course career certifications.

47:44Well, you're going to get one anyway. Gifted to the ex, almost wifey. Or the four-year-old. All right. Better than gambling. And if you want to gamble whether or not I'll yell at you, go to CalebHammer.com slash apply, and you can sit right across from me like this guy. Just don't come here early and gamble. Lot car club. No, no, no. You choking? No, I was laughing. How ugly you are. What the fuck? What was that? Oh, shit. Oh, yeah, swig that. 200 calories. 170. Freedom Flex. Hey, at least I have one minute in my life. What, for like two months? No, seven. Seven? Oh, congratulations. This one.

48:30This one. Oh, yeah. Yeah, congratulations. Thank you. I'm glad someone found you. Attractive.

48:40Pretty funny. $5 ,115.23 with a minimum monthly payment of$195 on the Freedom Flex. What is going on with this one? Probably a lot of the golfing goes on that card. Okay, so again, if it's something you like to do, if you can't afford it, it doesn't make sense. Again, your kid doesn't have a college fund. You don't have a retirement. What are we doing? I have some retirement. Come on, you drained half of it. You were legitimately a 10 out of 10 on the retirement scale. What am I doing? For your age. Probably four or five, depending. We'll have to see it at the end and calculate, well, with where your income skill is, halfway to 30.

49:20Unfortunately, the raise actually kind of ruins your math a little and goes against you. I just got the raise. Well, even so, you're probably two or three out of 10 because you're not halfway to where you need to be. We want you to be at$90 ,000 in retirement by 30. You're at 25, but you're on track to potentially getting there. Like, no, you wouldn't have been in 10 out of 10, maybe seven or eight, but you're like at a two now. two or three. So yes, if you can't afford golf and you're putting it on a credit card that cannot be paid off, that is accruing interest. Reminder, last month alone on the previous card, $1 ,500 essentially, or the year.

49:52The golf, though, is just during the six to seven, eight months middle of the year. The golf expenses aren't always happening, but it's how I stay active. It's how I go out sweat. Go to a gym. You have a dog. Take it on a walk I have a gym membership You have a child Play Run Football Baseball Basketball All the balls You look like a ball Play the ball games Listen Golf is a ball game It is a ball game It's a ball game you cannot afford Tennis is It is one of the highest entry Highest cost of entry sports that exists If not the Right? If not the highest It's probably the highest I have spent some money on the cards.

50:39Because even if you're renting clubs, it's substantial. I think I bought like a new club or two on that. Of course. So again, if you have a gym membership on this credit card that you don't even go to. Okay, then it's not even that. And again, I'm okay with the gym membership. We put that in the budget. Go, first of all, too. Is that a credit card? It's just the auto pay. It's been on that credit card for like three years, I think. Or however long the card's been opened, it's been on there. Three years and not going to the gym? I mean, Wayfair's big sale is returning. Get ready for Wayday. For four days only, score up to 80 % off all things home with free shipping on everything.

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52:03I'm driving a cart, 100%. Yeah, and I'll still sweat my ass off playing. It's because you're fat. Yeah, and that's why I get out and I can do golf to be less fat. I've lost 10 pounds this month. I've golfed probably five times. That's a lot of weight. I've golfed probably five times this month. What time? Yeah, five times at least this month. Great, that you cannot afford. You spent 2 ,000 hours more than you made. That doesn't make sense. that does not justify it. Again, liking it does not justify it. You're in the most expensive sport. You should play tennis. Cheaper, a lot more activity. You will personally - Tennis sucks.

52:39Tennis is great. You play tennis? Yeah. Tennis is fun. I can just imagine you playing tennis and rolling around the court. Oh, there it is. Okay. I was wondering what you were imagining. Okay. Yeah. So 60 bucks a game, plus you're getting, you know, new clubs here and there. Yeah. Yeah. That's - You're not making deals out on the tennis court. I am not making deals on the tennis court. We make the deals on the golf course where we gamble who wins. Okay, but you're not making business deals out there. So we can't even advocate for that. You're not networking. You're a government worker that looks through contracts.

53:18Come on. This isn't, okay, whatever. You spent$115 on here. Again. It was maxed out until you took from the retirement fund, but it doesn't even matter because you immediately are already starting to replenish it by purchasing on here. Yeah. Yeah. I don't feel very bad about the golf. The gambling is different. Okay, so you don't give a fuck about your kid's future then because that's all this comes down to. I do give a fuck about the kid's future. And why aren't you willing to cut back on things you like for them? I can cut back on some things. You're not. And the golf season is about to end here in a couple months.

53:51Yeah. A few months. More extended than a couple. Listen. November, maybe. Here's the thing. Here's the reality. You say you can cut back in golf. You say you can cut back in gambling, yet you choose not to. And you pull from retirement and you don't have college savings funds for your kid. You don't have anything. You're struggling to pay the mortgage if it wasn't for the cousin moving in that your kid has as a roof over their head. I would have figured something else out. I don't think so. This is selfish. I think I would have. I think I would have. What would you have done, guy? I would have, if it came down to it, would have had to sell the house and find an apartment, even if it is without a yard for the dog.

54:33Selling a house, though, isn't as quick as that. No, it's not. But I live in a good area to where it would sell somewhat quickly. It doesn't matter. I live in a good area, too. Houses don't just fly. And this isn't 2021. I understand. Houses are, I think, like average on the market now is 30 days, which is still relatively low, but it is up higher than it was. I live in a nice area, so. Doesn't matter. Sometimes nice areas mean more expensive houses, which means less of a buyer pool. All right, Caleb. All right. Okay. Listen, what did you purchase on? How long do you think this takes to pay off if you do not make any purchases and you only do minimum payments, which you're incapable of either of those?

55:1410 years. Okay, 16. So your kid will be out of the house, no money. You will have borderline no retirement. Well, I'm going to pay more than the minimum monthly payment. The only reason you did is because you pulled from retirement. So that's, no, that's. The idea is to start now paying because. It doesn't matter. You're already putting money on it. You put more money, you put as much money on it as the minimum monthly payment costs already. So you're completely negating the whole point. Even if you put more than the minimum, as long as you're purchasing on it, you're not getting anywhere. Yeah Disney Plus security and then the gym that we don't use.

55:51Almost$1 ,000 this year loan in interest. So$2 ,500 total. It's going to be by the end of the year, these two cards combined about$4 ,000. And that's sickening. I know. Sickening, yet you allow it and do nothing to change that other than pull from retirement, which was compounding on your behalf in the best decade of your life for compound growth. I didn't see another way out. I had such high minimum monthly payments. I had the mortgage. Another way out is using your strong income. I haven't had this strong income until recently. Okay, what was your income before? I was making$3 ,400 a month instead of$45 ,000.

56:25What was that yearly? $76 ,000. Okay, you were doing fine. You were above the median household income in the United States. Shut the f*** up. It was impossible to stay afloat with a$2 ,082 mortgage and then all the bills along with it. Yes, but it was your choice to stay in the house for as long as you did. I know. So that's a bullsh** excuse. Stay afloat. Stay afloat, your choice. I wanted to keep the house because I had everything in there, man. I was set up. Me, the dog, the kid. I had literally. Yeah, you take them with you. Yes, I had just put together a bed for. Oh my goodness. A bed? You make money.

57:07You could have got movers. The movers are low cost. I paid movers. They weren't low cost there. Yeah, but. I paid like$1 ,000 for movers. Well, a thousand hours one time versus a$2 ,500 mortgage payment that was hardly going to any sort of equity at that point would have been worth it. It's still not going to the equity. Who the fuck are we kidding? No, it's still not. It's going to be a long time until it does. I need to refinance, too. So it's going to restart. Refinance or sell. This refinance dream you have isn't going to solve this whole thing. I don't know what you think refinancing is going to do for you.

57:34It's going to get her name off the house to where it's just my problem. But what else is she doing? What is she doing? Is she begging for it to go off the house? She wants her name off the house. Okay. Yeah. Okay. She's ready for that to happen. Your mom just helped you buy a new driver club? Driver? She paid half, I paid half. Just like$50 or something. Buddy. She offered, and so I agreed. I paid half, she paid half for my birthday. You can't afford clubs when you're spending more than you make. So now like$500 a month is going to gambling minimum. $500 is going to a month of golf. So at this point, at this point, I mean, that's already your entire raise.

58:24It's just going to those two hobbies that you say you can cut back on, but you never do. Yeah, that sounds about right. A thousand bucks a month probably has gone towards that. That's f***ing insane. And honestly, I don't even believe that because I bet gambling is even more. Also, your birthday is in October. I'm being told. Golf ends in like November. So she offered a month or so back. Stupid. Okay, what's going on with Bank of America? Again, shocker, was maxed out. Then a little bit of retirement came and helped. Doesn't matter. We started spending on it immediately. It will be back to max before we know it.

59:03No, it won't. Yes, it will. Because that is exactly the behavior that you have done. I'll make a bet that it doesn't. I don't do that Okay So you're no fun Alright I am no fun Alright So what's going on with this card? I think that's mainly just used for like Food and And whatnot Food Work I go out to eat Work? Food at work while I'm at work Lunches Aren't you packing lunch? Well I have Recently tried to start doing that Tried to start doing that means He did not start doing it No it means I bought the lunchbox To start doing it That's what that try to start means Dude what the f*** man Sandwiches Lunch box I'm gonna put my f***ing sandwich in And eat it for lunch now That's a good idea You're not I'm just starting No you bought the box And the lunch meat That is nothing you have to actually start f***ing doing s*** dude You are the person that buys the gym equipment Never uses it I think I would use it if I had the gym equipment in my house.

1:00:09No, you wouldn't. You don't go to the gym you already have that you pay for and that you locked yourself into for literally three years. Yeah, but then they cut the price in half after that three years. $60 a week is what you're paying in your own estimation on lunch going out to eat. $60 a week. Yeah, that's probably about right. Yeah. That's just lunch. That's what I said. $3 ,120 a year. Oh. how much less, if I packed lunch, could I spend? Because the meats are expensive. $2 ,000 or less. Yeah, but it stretches further. And also, you don't need the most expensive. You probably went bougie. Again, just like the guy who gets the gym equipment, gets the best, sets it up.

1:00:52Woo, woo, woo. Never gets on it. Or gets on it for a week, then gets off. I will never buy the bullshit excuse of, I'm fixing it right after this episode. Shut the fuck up. I see what you're doing right before you came on here. In fact, what did you do right before you came on here? You came down here and gambled. So no, it's not going to be a valid excuse For any kind of pushback you get here I'll probably gamble after this episode too It's my last night in Austin It's Austin Exactly, what else is there to do? Go to a live show They're on 6th Street every night What show's tonight? They're on 6th Street every night, every bar has a band Okay And it's free to go in I'm probably still going to go to the car Because I don't think you can stop Even though you say you can You should want to change from this conversation.

1:01:37That's the entire intent. I could stop. Then why aren't you? Because the entire intent of this conversation is to change your life. Well, the plan moving forward is to cut back on some of the gambling. It's always the plan after the conversation, guys, and with the indication of absolutely no change before coming on. Let me guess. You're just using an investing app that doesn't invest in you. It is time to change that. Right now, Webull is offering up to a 3.5 % match when you open an IRA with them. That is real money going into your retirement, not just points or coupons. And that's just the start.

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1:02:53It doesn't get better than this. So stop overpaying for a platform that gives you nothing back and make the switch to Weeble. Go to Weeble.com slash K slash Caleb or hit the QR code or the link below. Let's get back to the show. What are you talking about, dude? That's such a bullshit excuse. That's such a bullshit excuse. I could win if I gamble. Yeah, well, you certainly haven't met in the last decade of your life. $971.18 is owed on here was maxed output retirement towards it, but started spending immediately. Minimum monthly payment is$53. Four years to pay this off alone, not even$1 ,000.

1:03:31And it takes four years to pay off, and you'll pay a total of$15. But we know it's going to be higher, and it'll be longer, because what do you do every time these balances get paid off because of a push or a pull from somewhere else? Well, they go right back up, and that's all you've ever done. I thought about doing another balance transfer card. I'm sure you did, and guess what? It hasn't worked. So why the do you think doing the same thing over and over again is going to lead to something positive here. The idea was to change the behavior a little bit. It's a grand idea. Why haven't you then?

1:04:03Because an idea is great. The action that follows even better. Well. Well. Do tell. Why? I don't know. You tell me. I'm not going to stop the golfing. The gambling I can maybe cut back some on. Yeah, stop buying new clubs and go to cheaper courses. Okay. I can do that with the golf. and the gambling I could cut back to maybe once or twice a month. To none. None? To none. Ah. To none. Maybe not none. Like once a month. Why? I just don't understand. Because that'll just give you... No, because then you'll just fall back into it, buddy. Like maybe like... On here immediately, the Japanese restaurant, Dairy Farmers, I don't know what that...

1:04:46Hook and Real Cajun. Yeah. Something Austin Landing. Petland, Austin Landing. That's the dog food, I think. Okay. Dairy Queen Raising Cane's On Par Entertainment. That's, yeah. Yeah, we know what it is. TSAO's Cuisine. Sal's, yeah. Sal's. This Chinese place. Mm-hmm. For lunch. Oh, good for lunch. The best Chinese place. Shout out to Sal's. Yes, and Dayton, Ohio's where the best Chinese place is. Yep. Ladies and gentlemen. 100%. $300 in interest this year so far. That's not bad. Stack it to everything else, buddy. This becomes$600 by year's end. It becomes$600 by year's end. Then at that point, we're like, well, what are we at?

1:05:28$5 ,000 at that point? And interest across the few cards. We've got three cards. $5 ,000 gone by year end. $5 ,000 taken away from your 90. And that hurts a bit. It hurts. It's just not enough to do anything. Well, I'm willing to cut back a bit. I'm glad you have that sentiment. But again, you've done nothing. So again, I will say you can keep saying that excuse. or that deflection, but it means nothing because you've done nothing. I think I've done a little bit. What? I took out the 401k to pay off. That's not a behavior change. I'm trying to lower the minimum monthly debt payments. It doesn't matter because you're spending on all three cards we've looked at so far, so fuck you.

1:06:07Without any of the BS spending. Three cards spent on fuck you. Three cards spent on fuck you. Three cards that you put your retirement fund to are being spent on. They're small purchases recently. They are. They're adding up just like before, and they will add up to a maxed out credit card. I don't think it'll get maxed out again. Why? Because. Why do you think that? Maybe. Maybe I'll win one of these poker tournaments. Oh, fuck you. I'm going to die, dude. That's the dumbest. Yeah, what a father. Oh, God. What a father. Chill, chill, chill, chill. It's true. Gabble away your life. That's great.

1:06:43Let's use that as our behavior change to pay off debt. You have a fucking kid. I do. And maybe one of these times I'll win and be able to pay for the whole entire college fund and more. Okay.

1:06:57That's real sh**head behavior. I'll tell you that. I don't think so. What? When you hear that back, you don't think that is going to be f**king just a dickhead behavior. It brings it back to poker's a skill game. One of these times I'm going to win big, man. I'm telling you. If it was a skills game Then one of these times we're going to win big Wouldn't be the sentiment Because that would be a luck based sentiment No luck it's not luck Then you're not going to say one of these times If I play enough one of these times I'm going to win That wouldn't be a skill based thing You're saying that as it's all luck Your entire world view and sentiment around it Is luck Even though you say skills More like if the poker gods choose it's my time If they choose it's my time No because you also need to have the skill understand ranges and...

1:07:48Yeah, so you don't need to know how to play the game of poker. Who would have thought? But it is still gambling. Okay, Slate Edge, what's happening here? Well, you didn't put any of the crazy money towards it, but you also didn't spend on it and it's, well, basically maxed out. So, what's going on? Yeah, I couldn't spend on it because it was almost maxed out, most likely at the time. Why is this a$4 ,000? To be exact, $4 ,000, 17.49. I You don't know why this is at$4 ,000. $4 ,000 is an insane amount of money. That is a substantial amount of money. No matter who you are,$4 ,000 is an incredible amount of money.

1:08:25I think I put, well, a couple of purchases. I put a TV on that one, I think. And then that might be partial balance transfer. Oh, for f***s sake. Well, it is 0 % right now. I guess that's why you're not attacking it. But it still takes 15 years to pay off. 15 years to pay off, and it'll cost a total of$11 ,749. That's the four you own it now. Yeah, a 65-inch TV for the office. That's what you got. Got some Amazon purchases, convenience store purchases, bullshit, bullshit, bullshit. Grass seed. Yeah, grass. No, dude. So the minimum payment on here is$40. That way you don't pay off what is necessary in order to pay it off before the interest free period ends.

1:09:12It will be at a 28.24 % interest rate Oh good! Oh It ended yesterday No it didn't Yeah You didn't even know this Guy

1:09:29Zachary This ended yesterday $4 ,000 It is at a 28 % interest rate now You're lucky there's no deferred interest rate But that's crazy It ended yesterday You didn't even know When did you think it ended? I thought it ended in like two months. Even still, you wouldn't have paid it off in time anyway, but what the fuck are you doing? I honestly didn't know when it ended. No! I didn't keep track of that. Oh, with this balance alone, I mean, the interest, what is it going to be? Like$1 ,200 a year. Yeah, pretty damn close. It's going to be basically$100 a month. $100 a month. Just in the interest.

1:10:11So your new minimum payment has to be about$120. So let's put it on to that. Ugh. Okay. $120 a month. It must be. Okay.

1:10:25Yeah, I mean, okay. So let's get to the end of the year with that one. Again, now we're probably looking at like$6 ,500 by year's end. You know? $6 ,600. Something like that. Then total interest loss. I'm going to be approaching$10 ,000 before you even... Tis the season for all your holiday favorites. like a very Jonas Christmas movie and Home Alone on Disney+. Did I burn down the joint? I don't think so. Then Hulu has National Lampoon's Christmas Vacation. We're all in for a very big Christmas treat. All of these and more streaming this holiday season. And right now, save big with our special Black Friday offer.

1:10:56Bundle Disney Plus and Hulu for just$4.99 a month for one year. Savings compared to current regular monthly price. And 12-1. Offer for ad-supported Disney Plus Hulu bundle only. Then$12.99 a month or then current regular monthly price. 18-plus terms apply. Noah, without the mortgage, without even the mortgage, can have a 15%, 12%, 13 % cut from your pay alone. Yeah. Just on interest. And I feel that. Okay. So here's another card. $49 is your minimum payment for the Bank of America. I think this one's 0%. Until when? God knows how long. Exactly. Noah knows how long. I'd be Cope laughing too. Yeah.

1:11:37Yeah. $4 ,959.53 was maxed out. Put a little bit towards it from retirement. That's all gone. Doesn't matter anyway because we're starting to purchase. We'll ramp it right back up. 17 years to pay this off one. The entire childhood of a kid, essentially. That's wonderful. Oh, good. You went into whatnot. Oh, good. You went into whatnot. Oh, good. You got some whatnot. Three times you got some whatnot. What is a whatnot? It's like a streaming thing where you watch people and buy stuff that they're selling. What? It's not even like TikTok. It's not even, what the fuck is that? It's like you stream, people will sell different things on there that they.

1:12:15So you're literally watching, what is it, QVC? No, it's just. No, you're watching modern day QVC. Hey, that sounds honestly right, yeah. That's insane. Why would you go on a platform if you have a spending problem, don't have enough money, where the entire purpose of the platform is for you to buy things that people are selling? It was almost like gambling in a way because I got to spin the wheel. What were you getting? Oh, no. What were you getting? I got to spin the wheel to try to win a bigger prize. What were you getting, though? What were you trying to win? I bought some Pokemon. Oh, it is gambling.

1:12:47Yeah. I spun the wheel hoping to win the biggest prize. And did you? You never do. I didn't. You never do. I didn't. No. Sometimes I win. Ends of December, by the way. December? This year? December. This year. Not next year? Nope. That hurts a little. How do you not know this? I mean, for what you have. I thought it was maybe longer. I'm going to give you five months to pay it off, essentially. So this seems to be$992 a month. Or it will not be paid off in time. Now, there's not deferred interest, so I'm not freaking out about that necessarily compared to your ones that are currently accruing interest.

1:13:32Don't try to touch my feet under the desk. We're not that kind of couple. I don't know, man. When did you balance transfer? Because the fee's not even this year. You must have had this for a while. It must. I mean, I think it was like 18 months. Zero interest. So I had to be close to a year ago now. So you paid to watch people open cards and then you... No, the cards got sent to me. I just, I was trying to win. I got bullshit stuff. No, who would have thought? Yeah. What a joke, dude. What do you think happens? Okay, there's so many more. So much. It just keeps going. I don't even know what this is.

1:14:09It's a loan that is current$5 ,992.61. Is that from the... I took a loan from the 401k before withdrawing the 401k.

1:14:23Buddy, what happens if you get fired? What happens if you lose your job? I know you work for the government. Guess what? What's the sector that's had the largest amount of layoffs this year so far? I'll tell you, government. More than the tech sector, which has had substantial. I'm talking hundreds of thousands. A quarter million people have been laid off this year from the government. And guess what? Supreme Court just gave Trump the ability to cut pretty much anyone he wants from the Department of Education, which means as they continue down the line, who knows where the f*** they're going. Even the Department of Defense isn't even safe.

1:14:51I don't know what department you work for. You're not going to tell us, and that's fine, and that's okay. We don't need that. But, buddy, what happens if you get, wait, 401k? Same thing. Okay. It's the government's version. Gotcha. Yeah. Yeah, if you get laid off, they will call this due. Yeah, they will. I know you don't have$6 ,000. I don't. You'll pull from your retirement again. $8 ,500 to pay for the six. If I had to, yeah, that's what would happen. Yeah, let's go down to$5 ,000 from the 15 you have left. Well, you can't take out the employer's contributions, so I don't know even if I would have any.

1:15:26I probably have zero to get now. What are we doing buddy I'm glad you just got a raise but no offense When they're going doing the chopping block on a government On the government list I don't think they're really caring as much about Who the A players are 100 % Way too bloated, way too bureaucratic Way too many handshakes And what not I'm more in the nitty gritty of stuff so I hope so but guess what buddy They're trying to get in there Fucking they're shipping away Yeah well it's not even just that anymore It's true Crazy Okay So That's what that loan is It was like$7 ,500 when I did it Well that's your TSP loan Okay I don't know what rate It's like three point something I think But it comes out of your It's a bi-weekly of$122 So before your pay even hits By the way It's like$300 Because it gets taken out before your pay hits Yeah I never see it Ah Man I don't see the interest rate either there.

1:16:27When did you borrow this? You did it before you pulled money. Yeah. When and what was it for? Last year around Thanksgiving. Or why? They're still making no money and that was like the end of me racking up all the credit cards. I had no more money left. I racked up every bit of card I had and so I was using it to survive until I got the raise. It was hard but even when you're making money you had money left over. No I didn't. Well not at that time. No no no not when you had every card racked up. Right, yeah. You're right. Those minimum payments alone would push you over the edge, but before you racked up the cards, yes, you could have made it.

1:17:00And you said you didn't have the cards racked up until after she left, which means you started racking them up, still continuing the lifestyle you still wanted to have. Listen, a thousand hours left over after mortgage debt is hard. You could have squeezed it. We could have gone in lean. We could have borderline broken even or just gone slowly into debt because maybe an extra$500, but you wouldn't be where we are a year and a half later now. I didn't change any behavior. I still golfed. And why would we? For the sake of our child. Cope, I guess. Lost a five-year girlfriend, maybe. I don't know.

1:17:29Yeah, she walked out on you. It wasn't even a choice. Yeah, it wasn't. Oh, by the way, as soon as he took this out, he took$650 of it to the casino.

1:17:41And I lost it. And you don't think you have a problem? I don't call it a problem. I think I'm going to win here eventually. I'm willing to cut back on some of the gambling. Some. Which means none. It's an alcoholic saying they're willing to cup it. No, you got to stop. At least I'm not into alcohol, drugs, any of that stuff. Yeah, that's great. I don't smoke any nicotine devices, anything like that. You think that makes this okay? It's like my vice, I guess, a little bit. A little bit. Get a better vice, goon. Goon. Go f*** them, bitches. You're single. Maybe Austin has been good to me. I don't know, man.

1:18:19Austin's good. Austin's great. Most people are fit in Austin, I'll be honest I don't know, I've been around quite a few places It looks just like every other place in America You go to the degenerate places Austin is one of the healthiest cities in the country, statistically All this barbecue? People are very active You went to the degenerate places Yeah Went from$19 ,000, withdraw$10 ,000 But deposited$3 ,474 so left our retirement at$15 ,000. So stupid. Oh yeah, employer is$14 ,000, you is$6 ,985. Oh! Yeah. And that's what you borrowed again, it's 100 % essentially. Yeah. Pretty much all that's left is whatever the employer has put in.

1:19:06The fact that you allowed life to get like this and then pulled from it and immediately went gambling, if that isn't the biggest wake-up call, I don't know what the f*** is. And if you don't see that, that's disgusting. And if you don't see this, which I don't even know, it's also disgusting because guess what? Apparently owe your grandma$5 ,000. For what? That was a few years back. A few years back? For what? It was like the end of 2022. For what? It wasn't her fault. Well, COVID happened. We got kicked out of... 2022, you said. Yeah, I got kicked out of my dorm, and then we moved in with an apartment with the girlfriend.

1:19:432022, and I know Ohio is not a lockdown state for very long. No, but I didn't have a job until... Why? That's on you. Well, I had... It was the best job market for employees in the history of ever. I was trying to sell insurance for a little while. That didn't work. So I had like a year of just trying to sell insurance and not doing a great job at it. Oh, for sake. Yeah. Yeah. What kind of insurance? Like life and health insurance. And we're taking health insurance from you. Okay. Yeah. Yeah. I was hoping. Maybe that's why it didn't work out. Yes, that's probably why it didn't work out. I feel like I can talk about needing life insurance, right?

1:20:25Yes. And having to pay more for it, most likely. So you had to use it for what? Usually. $5 ,000 from grand to month. To just straight up survive. I just used it to pay the bills for... Funny how many times that's happened in your early adulthood life so far. Yeah. Okay. Do you have a minimum of the payment towards her? How does this go? I've tried to pay her a few times and she's turned down me handing her any money all the times. So it's not a debt. It feels like a gift now. Well, hold on. What was I agreed upon when we had the conversation? We agreed upon it. She said it was a loan, but then I've tried to pay.

1:21:01What have you tried to pay? Like a hundred bucks here and there. Okay. Well, come on. If she sees you paying a hundred dollars, she's like, oh, he's struggling. A hundred is better than zero. I know. I'm saying if she sees a hundred for the 5 ,000 she borrowed you, she sees that as you're still struggling. Well, at this point, if she let me pay, I tried to pay monthly. I tried to pay monthly to her$100 starting the first month, and then she said no the first month. I don't think you understand what I'm saying. I don't think I do then either. What are you talking about? When she's seeing her grandson, who she lent$5 ,000 towards, only try to give her$100, she sees that, oh, he doesn't have much money because he's not giving me much for that$5.

1:21:33He's probably still struggling, so she's bringing out her empathy. When we had set this up, it was like I can pay you$50 a month. Really, was all it was. and then I tried to pay$100. Hopefully we get to$100 at some point. You might just have to force it because you should pay it back, but it's not a hardcore emergency as we have. There's still more? Okay, what is this good loan of$6 ,467.62 with Christian Family Credit Union? Credit card debt consolidation loan. Consolidation. So you've transferred, you've consolidated, you've 401k loaned, and you've... and I still have this much left. And you pulled from retirement.

1:22:14Okay, so four times this has happened. You've never changed your behavior. No. Do never try to take a shortcut again. The only way you're going to get out of this is changing your behavior. That's the only way you're going to get out of this. That's it. There's no more. Outside of that, there is no more.

1:22:34Oh, for f***'s sake.

1:22:40$6 ,467.62. Minimum monthly payment,$320.29. What's the interest? None. That's insane. Better than a credit card shirt, but it doesn't matter if you build the credit cards all the way back up again. And oh boy, does he. And it's a good loan. Thank...

1:23:01When did you do this?

1:23:07Uh, I honestly don't think I can tell you. What the f*** is wrong with you? dude you have no ability to do anything it hasn't been that long it's been less than a year you refuse to cut back on anything especially any of the addictive things you don't know how much you spent last month you don't even know when your debts are you didn't know that your interest has started accruing yesterday on one of the credit cards you're a failure and yet you're a father and that is horrible and it is sad because that kid did not consent to come into this world for your sake what a horrible life what a horrible life you've brought upon that child.

1:23:41He's living a pretty good life right now. He can't see the finances. He can't see the finances. He's four years old. He will see the stress. He will see that. Oh, why isn't dad's cousin of my friend living with their dad? Why doesn't it happen anywhere else? What's going on? Is my dad his gay cousin? I don't know. Listen, it's weird.

1:24:10living with a cousin? No, just split parents happen a lot more nowadays. Yes, they do, but it still sucks for your kid. And I agree. I wanted to stay together for that reason. Well, that may not have been the best either, but what would have been the best is you wrap it the f*** up when you know she gets off birth control if you guys had a three-year bad relationship. It wasn't bad the whole time. Come on, you basically established that it was. Don't try to backtrack. There was a lot of bad to it. This is where I'm at. I'm trying to I'm coming here to try to fix it Shut the f*** up Sallie Mae this dumb I agree but you're the one who also get it Got it I paid mine off why the f*** haven't you It's on payments Yeah at 13.5 % interest Yeah Okay he owes Okay he borrowed$11 ,583 It's up to$15 ,000 now It's because I didn't have to pay on it And you can still do that and they will still allow it to go up for a while and punish you more.

1:25:10$246.02. That's what you owe. Yeah. On a monthly basis. At a 13.5 % interest. Unpaid interest and fees. No fees. Unpaid interest and fees. I thought about trying to figure out a way to refinance it. Yeah, there are some good student loan refinance things. We like Y-Refi, but... Will that be good for my situation? The rates are below six for what it's worth, but I think... Do loans have to be in default for that sort? But with that, loans have to be in default, so it's a little different. But it is for private, and this is private. Not saying necessarily go into default, but it's, you know... You're on that...

1:25:59Oh my gosh, and then there's federal student loans. What did you go to school for? I have a bachelor's and a master's. I asked what did you go to school for, you moron. I went to school for finance. Okay. Oh, my. And your master's degree too? Master's is just general MBA. You have an MBA. You have. To be fair, my job paid for the MBA. Federal student loans. This one's a little less. I have$4 ,013.11. my job paid off 30 of it over the last three years $29 minimum fee payment you're lucky for that should be about $34 if I didn't have that I'd say about$50 you're on income base I'm not on anything right now because my job just stopped paying for it like a month or so ago so I'm ahead your job was paying for the student loans?

1:26:57correct they were paying off and I was getting taxed on that money they were going towards that. So that just ended. So now I have to come up with how I'm going to pay, how much I'm going to pay per month on that amount. And I haven't decided that yet. Oh, 2.7%. I would just do minimum required until it's paid off, honestly. The rates are so low, it doesn't make sense to pay it off over any other debt. How is there still more debt? Okay, this is a mortgage. Here it is. A little bit of an equity position, selling it with, we've owed it less than two years, so you still would have to pay capital gains taxes if you sold it from any profit you make.

1:27:31How many years? Two years. Two? Yeah. But even still, if you do the full seller and buyer commission, so 6 % total, I don't know how much you'd walk away with. That's why I didn't try to do it already when we were first. Even when you refinance, there's still closing costs and whatnot. It's not necessarily a cheap process. You can save more over a long term, but you still have to come to the table with money.

1:27:55$229 ,975 ,086 is owed. I think it's plus the down payment assistance. Yeah, probably. Do I have that in here? It should be. Is this in this or in a different loan? It should be in that U.S. bank loan. It's all paid in one payment. So I know I owe closer to$240 ,000 than$230 ,000. I know that. It's like plus$10 ,000. Okay,$2 ,082 ,91 is your mortgage. That's for all the goodies. I don't see it with the other part. insurance is included in that. Yep. I mean, yeah, it's chunky. Down payment assistance, but yeah, maybe you shouldn't get into a house until you can afford to at least put 5 to 10 % down.

1:28:36And I know it's hard because housing prices have only gone up, so that is difficult, but look where you are. It f***ed you. I'd rather you not get f***ed than have a house, honestly. 967 starting balance ended with five, but this is because we pulled out from the retirement. I did a cash flow draw$300, I obviously know where the f*** that went. Apple Bill. Best Buy. Club WPT Gold. What is that? Oh, for f*** sake. Golfing. It's endless. Golfing. Dairy Queen. Venmo. Golfing. The Club W. Going and getting some BS. Golfing. Apple Bill. Tokyo Grill. McDonald's. McDonald's. Apple Bill. Twin Base Golf.

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1:30:05Well, buddy, listen, let me budget you and try to figure out a way out of this. But the fact is, if you don't change your gambling and unfortunately even golf habit, like you're not getting out of this. So$4 ,500 is what hits. Man, it would be about$5 ,000 if we didn't have that TSP loan. So debt minimum monthly payments without all that is$1 ,213.30. Yeah, I would also agree. Substantial. That is 27 % of your pay. Okay, mortgage. You say it's 25 because we can include the other one, right? It's$2 ,082 for everything. Oh, okay. Good, good, good. You suggested 25 earlier, but$2 ,082.91. Okay. Oh, WPT is gambling online?

1:30:54I was just going to let you blow past that. You're a degenerate. You're an addict. All those WPTs were gambling online. Utilities, gas, internet, all combined. How much? Utilities, gas, internet. We got roughly$3.50. Phone bill? Mom pays it. gas from drive drive gas I'm going to have to say about 160 a month car insurance mom pays the car insurance you're a joke $200 TP fund you and your kid you and your kid groceries$5.50 meal prep use our butcher friendly cookbook all that good stuff that you get with the premium version annual of DollarWise or by joint DollarWise Central either or gets you there but medical healthcare co-pays anything monthly basis?

1:31:45No. I don't really go to the doctor for anything. How much? Jim, 16 something a month. I'll say 17. Let's say subscriptions about, let's call 40 pet insurance. How much? I don't have it. You have a pet? Yeah. Just how old and age of Archie? He's five and healthy? He's healthy. Okay, let's call it. Good pet insurance is ranging about 70 bucks these days a month for that. Covers it with low deductibles and whatnot. Okay. Anything else that needs to be in this budget that I have not calculated? The golf? Would you like to die? The golf is something I'm going to do. If we can put it in there, I'm going to go.

1:32:23Let's see where we're at. It shouldn't be more important than your kid, but... I can cut back some on the gambling. Well, can you? Because right now it's$4 ,683.21 without golf or gambling, and you make$4 ,500. So, f*** you. All right, buddy. Never mind. and you're not picking up more hours or anything. This isn't a thing. What it is, change your behavior for three months, prove you've actually done it, then declare bankruptcy.

1:32:51That's probably your best way out. Bankruptcy? Yep. Actually? You're over your budget. You're working a full-time job. Go pick up a second job, except you're kind of a single dad half the time, so it's going to be hard. Listen, is mom nearby? Yeah. Can't watch the kid? Yeah. Okay, pick up a second job. She also works a second job. Runs in the family. Okay, well, if you can pick up a second job and figure out a way to do it, you can pay off this debt. And the non-mortgage, non-federal student loans would be about... It's got to be like 40K. No, it's more than that, you dumb tit. I'm saying if you bring in an extra of even 500 hours a month, man, and it still takes 100 months to pay off.

1:33:40And you're already under. You have to bring in an extra beyond that what you need to make up. And that's eight years, which again, that's like the length of bankruptcy. So on your credit. It's not great. I don't always recommend it. It's not cheap and it's not unstressful either. But I don't know. That's just kind of where we are. Is there anything I can do to not declare bankruptcy? Yes, what I just said. Go work extra. A second job. If you bring in$500, it still takes eight years to live on frugal without gambling or golf. So with gambling or golf, you need to bring in an extra$2 ,000 a month to make any progress whatsoever.

1:34:14That's where you are, buddy. You f*** this. You've done it. You've hit that bottom. You're there now. We're not on the way. You hit it. Spending in a budget score, you overspend. Zero out of 10 debt score. Well, you borrowed against your 401k. Zero out of 10. Emergency fund. Don't have anything in savings. Zero out of 10. Retirement. with the borrowing against it. It's really bad. Now it's just only employee contributions, two out of 10. Real estate, you have a house, you have an equity position. It's not great. You have a double debt on it. It's pretty, it's not amazing, but at least you have an equity position, five out of 10.

1:34:47Still a position to be in regardless. Hammer Financial Score rounded up, 1.5 out of 10. Come join in Hammer Elite, the best membership on YouTube. Come join us for an extra 20 minutes of this episode, the Financial Auto Post Show and three shows posted daily. See you guys there. This thing that you do to have fun is ruining you financially. I'm positive now. I'm going to call bullshit on this. Do you have a spreadsheet you can show me? $3 ,500 covered every bit of losses I've ever had and then some. I'm now positive. I want to call your grandma right now. You are starting to pay her back today.

1:35:19Call her. Exclusive members content. Click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content. Rinse takes your laundry and hand delivers it to your door, expertly cleaned and folded. So you could take the time once spent folding and sorting and waiting to finally pursue a whole new version of you. Like tea time you. Mmm. Or this tea time you. Or even this tea time you. Said 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.