Homewrecker Ruins EVERYTHING To Steal Married Old Men | Financial Audit

26:31That's stupid. You could have got like a day pound. But, but, but, but, but, but, listen, listen. No, no, no. I've got$50 ,000 in my 401k. I am 27 years old. I was the person talking. I'm going to talk. I feel like I'm doing pretty good. I was the person talking. I'm just saying. I feel like 50 ,000 for 27 years old, right? You're relatively on track to. Am I on track or am I? Shut the f*** up. I'm going to finish your thought. Shut the f*** up. You're going to be close to that 65 ,000 that we'd want you to be at 30. That part is good. however you don't own any of it you're gonna borrow half of it and you're gonna be paying interest all the return that you're gonna be getting is gonna be eaten up with that because again if i if i open my brokerage right now muumuu and i open my muumuu app great and i buy some s &p 500 that's averaging like a 10 10 and if you're at 11 11 or the 8 of the average stock market gain up down all years combined you're not beating it you're losing what you are supposed to be doing which is taking advantage of time in the marketplace right now time that is your best wealth building tool is time in the market i feel like i'm ahead of like where people for my age normally are so in certain ways but again that whole you're gonna borrow against half of it there's 50 ,000 in here

28:10but 8 ,000 is the outstanding loan so again it's just like you're really at 42 you have 42 ,000 vested so like and then it's gonna you're gonna have like 25 ,000 vested once you're done with your little plan here what's the payment that comes out of your pay for this 401k loan on a monthly basis It's like a hundred and something dollars And what do you invest in it? That's going to take forever Wait But at 11 % That's going to take forever to pay off Well we need to But these 401ks Because like 11 seems like a lot Maybe it's 6 No you can't go from 11 to 8 to 6 You don't fucking know And also if your credit score is at 5 No it's not 500?

28:47My credit score? In the fives! It's absolutely not But when I bought my house It was in the 700s Like high 700s Almost 800 That still takes forever to pay off And even still, regardless, it's 530. Your score is 530. So if you pay off this 401k, how? What did you do to f*** up your life so bad? Wait, why did you go from being in a position where you were ahead of the game to starting to destroy things? How? How did this happen? Like we were talking about. And we got super sidetracked, right? But I ended up leaving my job, right? And I was only gone for eight months. but what do you mean only eight months you do not understand a single thing in this world only eight months that is significant what did you do so during that eight months wait did you get fired or did you leave no i left what was it so it was nothing to do with like the job what was the job oh it was what i'd currently do it was what did you do for eight months why'd you leave okay so you know i have my little my little break down oh yes because the dude who was a million years older than you who had a kid who was sticking it in constantly and you couldn't leave you couldn't leave him you couldn't get away from him because you just keep going back like an addict go on and add it get it love him to death still do but anyways that's are you ever gonna live a life you're ever gonna find someone no you're not at that point if you're just addicted into this dude who's a million years older than you who has a baby and a lady he is with the one that created the child with him you're never gonna have a life that's so sad to see i don't want you to do that major channel announcement budgety budgety budgety it's a new year we're all trying to budget we're all trying to make it a little better trying to improve our life a lot of people on the show a lot of people out there that i've heard from they try to start a budget they can't stick to the budget.

30:50It's because it's all too damn complicated right now. You use any of the budgeting apps out there, it's crazy. It's hard to know what's even going on. It's impossible to set up and it's a chaos to manage. That's why over this last year, I did the thing. I made a budgeting app for you guys. This does not need to be complicated. You're trying to take control of your life. So it should be simple. It should be chill. It should be easy to set up and easy to manage. I've called it simpler budget because that's all it is. It's your simpler budget. But we upped the ante with continued education and an ad-free version.

31:26In the premium version of simpler budget, you can track your spending, set goals, and stick to a plan that actually works by connecting to all of your bank accounts automatically. No manual stuff here. There's actually weekly live sessions with financial professionals to answer your questions and keep you on track. They'll be teaching lessons and you can ask them things and they will actually help. There's also weekly mini classes keeping you up to date and educated on every financial topic you need to improve your life. Plus, for a limited time right now, you get access to our new budget friendly cookbook with 55 money saving recipes to eat well without overspending.

32:06And because I love you guys and it's a new year, literally anyone who signs up for the month of January gets all of this including premium for free for a month. It's time to actually make a budget and stick to it for the first time ever. Let's take control of our 2025 and make this the best year ever. Download the Simpler Budget app today. A link in the description below. This budgeting app will change your life. Can I give you three free therapy sessions and please talk to them about this with our partner Sondermind? Can you please? I don't need like any therapy. I'm good. You are not good. You're the opposite of the good.

32:42Me, myself, and I, we talk, and we're good, like, 100%. No. You cannot therapy yourself at all. You're obviously beyond f***ed up, and you keep going back to this guy. I just want you to be able to live a life. I want you to be able to live a life. It would be so sad seeing you hung up on this dude all the way through your 30s and 40s. No, no, no, no. Like, we are done. Like, we're not doing it anymore. For now, you've gone back and forth for six years. It is a long time. I think we're going to call him on my number in the post show, and I'm going to tell him to get the f*** away. No, no, no, no.

33:12If we call him, you have to be quiet. We'll just talk. Me and him. We'll do that in the post show then. We'll do that in the post show then. He's definitely going to answer the phone for me. Oh my gosh, this conversation is a mess. Anyways, you keep getting me sidetracked. Let me tell my story. This is a good story. I quit my job. This isn't story time. I didn't quit my job. I left my job for a minute. My brother was getting married. I went on the bachelorette trip in Florida. And I was a bridesmaid. For nine months? No. And I was a bridesmaid, so, like, I had to pay for, and this all goes into, like, the credit cards, right?

33:54So I paid for the hair and makeup and the dress, and some of that, not all of it, but some of it went to the credit cards. And then I went on the trip to Florida, the bachelorette trip. Some of that went on to the credit cards. And then directly. You buy 40-year-old male strippers? Directly after the wedding, I went to Disney World with my nieces. And then after that, I took a little road trip. How much was Disney? I was road tripping. But why not work during all this? You can't work and do all that traveling. Wait, how much traveling were you doing? Was this back to back to back or was there any gaps in between?

34:34Because if you took a couple days off at a job to travel somewhere. No, no, no. At most it was like a week in between these things. so like why why do all this though well why throw away everything in all seriousness wait and you already owned a home no i didn't own the home yet i didn't own the home oh my gosh so like in all seriousness i was having like a really hard time yeah meaning hey maybe you should actually talk to a professional and um you know it just seemed like everybody else in my family was like kind of like moving and like their worlds were turning and mine wasn't like i wasn't doing anything i felt like i was just working constantly constantly constantly and like i don't know no offense won't it feel like that if you're endlessly hung up on this dude won't it feel like that forever yeah and i think you'll have these spells constantly part of the issue was like it was just everything that was going on in my life right so anyways i ended up leaving my job i did the disney thing and then i went on a little road trip i was planning on going like from tennessee all the way around all the way around all the way around the The thing.

35:37The thing. Yeah. But anyways, I got to South Dakota. Okay. And then I ended up turning around. It's the classic road trip destination. Have you ever been? It's pretty. Nope. Okay. So that was nine months. I went to South Dakota and then I came back home. That was all nine months? Well, it was, no, it was eight months during this whole thing. You could have worked in there. Yeah, that was not enough for eight months. Well, I wanted to take, the plan was to take like a six-month hiatus and just kind of like reset my mom. And you got your job back like that? It was to reset my mom. My mom, yes. You got your job back like that?

36:22That hurts my family. You got your job back immediately. That hurt my family. I don't give a fuck. Well, I mean, yeah, because like I'm a good employee, right? Like I feel like I do a really good job at my job. Yeah, you leave without warning for nine months. you know I think I feel like I'm good at my job and obviously I am or they wouldn't have wanted me to come back right so I actually got a phone call from one of the people that I had worked with previously I'm just starting to think the talent pool in that town with five people might be small with five people come on now I don't think so I think it was me you know because I'm just me right you had to be there anyways so I actually got a phone call and it was like hey do you want your job back and i was like yeah because i'm kind of like i wasn't two thousand people i wasn't running what is that the for instance yes um yeah it's a small town what do you think you are financially right now this has been a mess of an audit usually i ask this more early on but it's whatever i feel like you got sad where do you think you are zero to tens you're being the absolute worst 10 being the absolute best in your finances today where do you think you are i think i'm a two okay yeah okay if you want your hammer financial score it's free link in the description below figure out where your finances stand and if you want to be on this show you want to come down here austin texas get a little uh but it's also fun it's a good time we'll have fun you having fun so far so much fun okay all of it yeah go to caleb hammer.com slash apply uh we'll have you here it'll be a good time and i look forward to that and we'll connect you with resources like we're gonna connect you with please do the therapy you need it more than almost anyone I've talked to recently.

38:04Oh my God. I'm not even kidding. That's not a joke. It's not an insult. Do you really think so? Yes. I encourage therapy. I do therapy. Therapy's good. Regardless of where you're at, you could be perfect and therapy would still be good. I don't really, like, I don't do that whole thing. You know, like the mental health. I mean, I support it. You gotta be in close. Why not do the whole thing? I don't do that whole thing. Why not do the whole thing? Like, I'm fine. You're not fine. You're not, objectively.

38:34how do you think that though you're here well no i mean financially i do need like i got a little bit sidetracked and my finances got off but previously i was doing really well for myself i feel like especially for my how'd you meet him by the way um we met at a tattoo shop he was the tattoo where you find the best man He was the tattoo artist. But, you know, we really, and you're going to love this part. Not a doubt. I felt like when we first met, because, like, I don't drink and I don't smoke and I don't do any of that kind of stuff. You're just a degenerate in every other way. Kind of like me.

39:10It's fair. Go ahead. But I don't do any of that kind of stuff, and neither did he, you know, and, like, we were kind of talking about how, like, neither one of us drank or smoked or anything like that. Just 20 ,000 of the 42 ,000 that live there are all his children. We kind of, you know. It's hard to find people like that. It really is. You might need to go out and explore a little bit in life. Well, no, that's true, too. Whatever, whatever. Stop it. What is this first thing that I'm even looking at? Because here's the thing. Here's the f***ing thing. You ready? Here it is. Okay. You owed$8 ,224.

39:45Now you owe$8 ,411. What is this? Is this a credit card? Bread cash back. What the f*** is that? They're giving you cash back on the bread. I don't know. I don't see any cash back happening. You know what I see? I see$41 of fees because you're late. Because you're late. Because you're not paying it. You make good money, especially for that area. Especially for that f***ing area. But I haven't spent on that thing since, like, November of last year. How does that matter? You make over, you make triple the median income in your city. Triple. Triple the median income, yet you are late on a credit card.

40:25you're not paying on it yeah good first step why not make any payments why be late i don't understand why have such a credit score your choice why do that why live in this situation when i first bought my house and i first like moved in and everything um i did not have enough money to cover all of my bills and my house then you couldn't have afforded a house well when i did the um like when i calculated my payment up and everything like i was 200 short based on how much i was making but i had a plan how'd you get approved they'll approve a lot of people for a lot of bad loans but if you're 200 short based on your own projections how the my credit score was really good and my that's not that is not everything you said with your income you're 200 short well i was estimating everything like i was estimating the water and the electric and if you see your 200 short why would you get it why would you possibly get it i needed a house and no you didn't you could have rented no you did not i didn't want to rent and then i have my what i have but you could have i have my little puppy dog so yeah i've had my puppy dog in apartments it was really hard to find somewhere that was like would let you bring pets and i found one that's not true at all a new year means new goals right but life doesn't always go as planned one day you're crushing it and the next a curveball you did not see coming that's why making a resolution to protect the people who depend on you isn't just smart, it's necessary.

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43:31Apply today at meetfabric.com slash Caleb or click the link in the description below. That's meetfabric.com slash Caleb. M-E-E-T fabric.com slash Caleb. I found one place and the rent was$1 ,600 a month. And I was like. What's your mortgage? It's$1 ,400. $1 ,400. That's not. You could have looked. You totally could have looked more. I know people are not willing to look enough on this show. That is just an endless common thread when it comes to loan shopping. I did have like a time limit because I was actually moving to. What? I was moving out of Tennessee. What time limit? I was moving out of Tennessee.

44:04Yes, what was the time limit? Alabama. It was like, I had a month. That's reasonable. Would I prefer two? Of course, but I've done it in a month. We've all done it in a month. I've done, when I moved to Austin, I did it in a week. With the puppy? With a cat. I feel like that's different. It's worse. That piss stains and they rip up carpet. Trust me, as a landlord, I would rather someone have a dog than a cat. Yeah, I guess that's true because they do tear stuff up. Yeah. Unless they're litter box trained, then it's a little bit different. But I couldn't find anywhere that was, like, a reasonable price where you could bring a pet.

44:38So, and then I also. No, you did not look. I know for a fact you did not look. I was like, let me invest. To that town. I wanted to invest in something. Yes, I agree. But it's not an investment if you can't make your payments. Instead of, like, just throwing money away at rent. It's not an investment if you can't make the payments. But I had a plan. You didn't listen to my plan. What was your f***ing amazing plan? Okay, so. Was it as good as winning that guy over? Because that's worked so well. The plan was, so like that town is kind of like a college town. So I was going to DoorDash for like the extra money.

45:10That was the plan. And I did DoorDash for a couple of months. But then I actually got a raise at work. So it was that extra. What are you making and what do you make now? Oh, my gosh. That time is in the middle of nowhere. It is really in the middle of nowhere. My biweekly was 14. And then when I got my raise, it turned into like an 18. Or 16. Maybe it was 16 and then it turned into 18. But now you're saying because the mortgage is hard or whatever? Plus, like, the door dashing was really not the greatest investment because the gas was, it was, like, almost$3 a gallon, which I know other places is a little bit more expensive.

45:48But for me, that was expensive, and I wasn't really making that much money. Why are you making these payments now?

45:56I think I'm still short. Money. If you look at that money. that. Shopping is hard, right? But I found a better way. Stitch Fix online personal styling makes it easy. I just give my stylist my size, style, and budget preferences. I order boxes when I want and how I want. No subscription required. And he sends just for me pieces, plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today at stitchfix.com slash Spotify. That's stitchfix.com slash Spotify. That's what happens when you spend$1 ,500 more than you make. The minimum monthly payment for that is$600.

46:33Now, because you're behind payments, you f***. That's what happens. You f***. That's what happens. What do you think happens when you are behind on payments? It was probably like a$50 minimum monthly payment. No, it was always like pretty expensive. That card. You don't know. You haven't made a payment. Dude, you have. To start with, it was like$400. And now it's like$600 a month. And it's just too much money for me to pay. Listen. It's just too much money. You've had five missed payments, so there's no way it's that much. So this is actually likely with that$41 fee. Yeah. 41 times five. So 205.

47:18Minimum monthly payment was likely two. No. Okay. And then divide up five. Your minimum monthly payment was about 48 bucks. No. Yes. No way. Yes. It was never$48. Like, if it had been$48, I would have - There's no way this math makes sense then. With those fees added, which would be - No, that would be added to the overall balance. Okay, one second. Let me think. Let me think. Let me think. There was no way. Shut, shut, shut, shut, shut. I would have paid$48. Shut, shut, shut, shut, shut. I would have paid$48. There's no way - It was likely$89. Because it is stacked up for five months! It was not.

47:52No. It was not. I'm going to say$100. I'm going to say$100. I'm going to say$100. but I also don't think you know a single thing. I think 100 is a little, like you're a little bit low on that, but 100 is more, it's like closer to it. How can I trust you in any way to be a reliable narrator for your finances? You are not able to adequately speak on anything we've talked about so far. Listen,$205 ,000 of fees this year, $1 ,777 of interest this year so far. That's disgusting. Yeah, it's a lot. It's a lot. disgusting not good not good at all not good at all that's fucking insane but like honestly and you don't give a why not make the payment I still don't understand cause you say you have too much cause you say you don't have enough I had to pay my mortgage you spent a thousand five hundred dollars more than you made this last month I was like at one point what your mortgage is twelve hundred at one point it was so much your mortgage is twelve hundred no my mortgage is fourteen your mortgage is fourteen hundred congratulations you might as well say five shut that's not how that what am I as well How have you Your mortgage is 37 % of your income It's$15.98 So wouldn't you round that up to$15 Or it's$14.98 so wouldn't you round that up to$15 $14.98 Like we're literally a couple $3 ,708 It's 40 % of your income 40 % of your income That means you have 60 % left Is that a little on the high side?

49:20Absolutely But that means You have money left And, of course, you also said you get these bonuses. So, regardless. No, no, no, not bonuses. Not plural. The one. Okay, you get the bonus. If you're suggesting you can pay off an$8 ,000 loan with a bonus, then that is a substantial bonus, lady. So, that means, likely, for your entire annual income, your mortgage is probably closer to about 37 % of your income. Okay? Meaning you have a substantial part of your income left. That is not why you did not pay a$100 minimum monthly payment. Or even stacked up, that is not why you are not paying a$650 payment now.

50:02I was there for the whole thing. I felt every second of it. You're not anywhere. You don't live in reality. You're nowhere. You are not on the same plane that we all are. There was a point in time last year when I could not. Dude, we're 46 minutes into this thing and I'm going to the second document. I couldn't even buy gas. It was that bad. Like I was struggling. It can't be because of your mortgage though, because we know your mortgage at its worst is 40 % of your income. So other expenses are being done somewhere. My electric bill was like$300 during the summer, which I mean, I'm sure it does not make it up for, we'll do the budget at the end.

50:36We'll do the budget at the end. It gets hot during the summer and I'm not used to having to like, so I have a three bedroom. To dead like three. What? You're not used to what? I'm not used to like having to like heat and cool. What was the word you said? Why can I not understand you? What is the word that you said? I'm not used to having dead like. I didn't say that. What are you talking about? And I'm not used to having dead like. Am I having a stroke? Am I having a stroke or are you inaudible with your accent? I think the problem is. Do I need to find like a homeless hillbilly to translate for you?

51:17Not the homeless hillbilly. No, not the homeless hillbilly. I think the issue is that you're not from the South, man. South, but I live in here. Yeah, but the Texan accent is definitely different than. I don't care. This is not a conversation. You have a car? I do have a car. What's your car? So I have a Jeep Renegade. Year. 2015. Miles. 136, I think. So you should prepare for the worst. jeeps aren't historically known for being the most forever reliable not for being the worst either but okay how's she doing she's not doing great like that's what i would expect this weird thing when you go to like take off it's like boom boom take off you mean accelerate like when you drive well like when you push the gas it goes boom boom oh we're so sorry to hear about your brother that passed away he gets five big booms boom boom what's boom boom boom boom no not the boom boom no what does it do not boom boom it goes like it's more like the let me okay so when you that sounds potentially transmission related yeah or but i also have no idea what the you're talking about i cannot translate dude i can barely listen i can barely understand the words you're saying when you start talking in sound effects i do not know what you're saying so i feel like It might be a filter issue because I think the - Filter?

52:42Filter what? The air filter? Maybe. But I had that change, so no, I don't think so. What? Like, it's not getting gas or something. How'd you find your way to Austin? How did you get here without getting lost? Listen to me. I struggled to get onto the airplane. I am not surprised, dude. I got to the airport and it was like a maze in there. And I looked at the map, too. $9 ,070. Yeah. Ode on a breaking down car. A car with a transmission failure likely. Like when I bought that car, they told me that it had one previous owner. And funny story. I went to the Publix, right? And I parked beside this really cool Jeep Wrangler.

53:19That is funny. And anyway, the guy comes out. As I'm getting out of my car, the guy that drives this Jeep Wrangler gets, like, is coming out of the store. And we, like, meet each other. And he's like, oh, my God, that's my car. And I was like, oh, yeah, like, it sucks. I didn't say that to him because I felt like it would have been rude. And it maybe would have offended him. But, like, seriously, the car is not the best. But anyway, it was a one-owner vehicle. He was like the owner. That was your story? Well, he was telling me about it. He's like, that was like right off the lot. I bought it off the lot.

53:45Like, great car. And I was like. I doubt you're maintaining it because you probably don't even know where the oil goes. Dude. But like that's not for me today, though. That's for somebody else. Yeah, if you actually take it. Yeah. Right. And I do. I try to maintain it. The f***ing lights start blinking in there. and you're like, oh, it's Christmas time. I don't talk like that. That hurt my feelings again. What is the interest rate on this car possibly? Now that, I think that's 11. Wait, I think I did this wrong. That's 11, I think. Wait, wait, wait. Hold on. I think that was the 11. The other one was 6.

54:25This is 11, I think. Yeah, I said 11%. 11 % on a car that is breaking down. What are you going to do? Insurance isn't going to cover a broken tax. Well, we don't know that it's breaking down. We just, it's got the, something. Yeah, that sounds like when I had a Nissan Altima and the transmission started to go, which is a brutally expensive fix. Well, I mean, you know, foreign in that part, but makes it more expensive. Either way, that's what it at least sounds like. Hope not. But that's what makes me nervous. But. What is your minimum? But listen, listen, listen. But my other plan was like, okay, when I take this other 401k loan out and I get a little bit of extra because I can pay off all of my stuff, then I can pay off that and I can get another vehicle that's, like, better and not breaking down with, like, the extra from the 401k loan.

55:16What's the minimum f***ing payment? For the car? Listen, if you get a 401k loan, it's going to be, like, 13 % for you. It's not going to make the difference. And I feel like I need a little bit more education on the 401k loan because I— The transmission for you with that car is going to be about$3 ,000 to$4 ,500, and then obviously there's going to be labor. So it's probably going to be like a$5 ,000 job. Yeah, that's a lot. That's not worth it, honestly. But you don't have the money, and you're just going to borrow against your 401k forever. What's the point of having built it up in the first place?

55:47In your case, especially if you borrowed it well beyond what it's going to make on average, your minimum fee payment,$270,$297? Yeah, kind of expensive. We think it might be worth around$7 ,000 if in good condition. we don't know if it is and they might catch on to that transmission thing if they run a transmission test anyway okay so$2.97 are you at least making your payments? yeah no I make my car payments why make that payment but not the last? so why not the other one? well I got behind on the bread cash back card no I'm asking why I got behind on it because I honestly was not making enough money to like pay all of my bills like I was having a really really hard time You make triple the median income there.

56:32Yeah, but I have the house by myself, and then I have the water, the electric, car payment, insurance. Gas was really expensive for a minute there, and that was tough. You're not budgeting. You are not budgeting. That was tough. Go through our budgeting class, for f***s sake, please, if you are even able to figure out how to log in. Go through the investing class. class go through because that that's important eventually i don't know what funds your 401k thing is in it actually i'm very curious let's talk about that at the end and also go through the debt class so you can at least understand how to utilize that in a beneficial way and how to pay off bad debt with different strategies do that it's all discounted for you guys all bundled together for 15 i recommend anyone go through it but go through it because you get it for free okay please i mean i have like a lot of expenses and then my mom lives with me she's your mom lives with you she does how old's your mom wait why does she live with you well she's she's in her 70s right she had me okay how was her health she's she's okay i mean she's she's not able to work or anything like that so i mean i do take care of her 70s she had you kind of old she was 42 when she had me okay uh so why does she live with you well she she was when i moved i moved from tennessee to alabama she stayed in tennessee and she just wasn't doing well like she was there by herself um i think i was gone for about four to five months and she just like i'm saying she was not doing well yeah so i didn't want her to be there by herself well i agree i agree with that mentally and physically not okay by herself so she came to live with me no i fully support that totally cool so i mean but what is the edit expense for you on that are you like taking care of groceries i'm sure she's getting some kind of social security yeah she does okay so what is the added expense on your end she buys the food for the house for the most part like You have no reason to be behind on bills.

58:22In what fucking world? This is what happens. Okay, so like if I wasn't, if I was living by myself, right? Like the water wouldn't be going. Like I work constantly. No water, no electric. Like I feel like my bills would be a little lower. She can't be using that much. She'd be taking a shower like every five minutes. I don't know what to tell you. But like, and the electric stays on. You know, whereas if I, if it was just me. What's the square footage of your house? Um, 2 ,600. Yeah, that's decently sized. And if you don't have like efficient. There's three bathrooms. There's a garage. Well, yeah.

58:54And if the air is leaking or stuff like that, yeah, that definitely makes it more expensive. Like my electric was like$300 and something. You have a Capital One Savior card. How about we talk about that? $5 ,615.16 on it. Yeah. With$186 minimum fee payment. So this doesn't make any sense. This really doesn't. You have a$6 ,000 credit limit. You're pushing it towards that. You started at$5 ,300. You made the minimum of payment. But then you purchased almost$300 of things. Why would you purchase on a credit card that is accruing interest that you are not paying off? That you can't pay off. About$130 in interest this month alone.

59:32I had no money on my debit card. And I have to leave a little bit in there because. Yeah, you had no money on your credit card. So you should purchase all the bullshit. 90 % of it's bullshit. I don't know about that. Let's look at it. Because I don't feel like it is. If it's TJ Maxx, that's like, I feel essential. Little Caesars. Sheen. Going in Speedway and getting in a f***ing sippy, drinky bulls***. Jax. Going in and getting a drink from Speedway. Five guys. Pizzeria. Ruby Slipper. Yeah, necessity. Huh? Not even one TJ Maxx on there. You got your Sheen. So, that was when we went on vacation and the Ruby Slipper place.

1:00:15You can't afford a gratification. Where'd you just go to vacation? You can't afford that. I told you I've been signing up for it though. Let's be real. If your mental health is off, everything else feels off. Your relationships, your job, and yep, even your finances. Ever wonder why you keep making those constant bad money decisions? Maybe it's because you're not taking care of your equally as important mental health. And that's where today's sponsor, Sondermine, comes in. Sondermine makes mental healthcare easy to access and personalized to you. They match you with licensed therapists or psychiatrists who actually get it.

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1:01:22It's essential. So head to pages.sondermine.com slash Caleb to get started or click the link below. That's pages.sondermine.com slash Caleb. Seriously, 2025 is the year you get your mental health in check so try out sondermine today wait and it was pre-planning it was how much did you spend on that occasion he essentially essentially you know what he did he spent money so that you could spend more money it's one of the gifts that makes you spend more money it happens well for our boy jake back there for his birthday you know the boys came together we gave him a gift card to build a new fish tank but honestly that just means he's gonna spend more money well so this is what happens if he pays for your vacation but you're gonna go spend money on food it was the first of all it was the ruby how much did you spend it wasn't much honestly because i actually wouldn't know i went to public's and i bought i bought some of the stuff that we like you know stuff to eat and like little snacky stuff so i wasn't going you spent 40 dollars at public's yeah that was like a week's worth of little snackies yes and then you went out to eat a lot of times and you go inside the gas station and get some bullshit, then what are you stopping at Speedway for and getting for$2.50?

1:02:34Coffee. Shut the f*** up then. Okay, lady? Shut up! Sometimes when I'm so sleepy. Oh my gosh, I hate you. Okay. 28 % interest. I wonder he chose the other woman to have the child with. That cut a little bit deep. Maybe you should cut up your credit cards instead. Instead of what? said that cuts deep cut up your credit cards change your life take control for the first time act like an adult for the first time in your life no i am i think like very mature and very um that's a good joke for 27 i feel like i'm you 27 you're gonna borrow against half your 401k you're not making your minimum monthly payment on one of your two credit cards and then on the other credit card the balance is going up because you're spending it on bull shut the up you don't know what you're talking about okay okay maybe even more resources maybe get an accounting certification through course careers take that so you can learn how to account your own use the fizz card because it only allows you to spend what's in your checking account so you're not being a dumb and sit down with the financial advisor that i use the credit cards shut the up sit down with the financial advisor that i use at domain money you get a free session just like everyone else in the audience.

1:03:52You get a free session with them, okay? Go through those. Use our damn resources. Yeah. But I will say, with the credit cards, I was doing really good when I first got the credit cards. I don't give a f*** because you're not now. That means nothing. But, I mean, I built my credit up to, like, 700. And now it's 520 or whatever, so I don't give a f***. I like 20. Like, why are you jerking yourself off over your past? Your past doesn't matter. What you're doing is now. I f***ed up a s*** ton in the past. I don't shame myself for that. I focus on now and what to do in the future. You don't get to get all excited because of your...

1:04:27I know how to use credit cards. I know how to utilize them correctly. Then why aren't you doing that? How about that? I just got in a really bad position. Yes, a long time ago now. So why haven't you fixed it? You're not making a minimum of the payment on one or two of them. So what the f*** are you talking about? You're bullshitting me. Well, I didn't... Now, this is for real, for real, right? I wasn't necessarily educated on how to pay them off. So I had all three... What do you mean? I had three credit cards, right? And they were all pretty high. So instead of like paying one of them off completely or like the high interest or something like that, I just put money across the board.

1:05:01And then after I did that, I realized like that probably wasn't the best decision. I probably should have paid it off. Is there any reason you didn't Google how to pay off debt? I just didn't. Exactly. This is so simple, guys. You can literally look this stuff up. Really? You know the interesting thing? I just never researched it. You know the interesting thing? This show should not exist. Even our classes shouldn't exist. The thing is, everything you can just figure out. But no one's able to. So we have to put it in. We have to put in the work and package it into consumable areas, into the show, into the education.

1:05:34It's not something I thought about Googling. I know, but you were thinking about it because you were doing actionable steps of putting money towards your debt. You could have Googled it for three seconds. I was trying to pay them all off. Here's your 401k loan,$8 ,000. Great. Kill me now. What are you invested in? What's your 401k invested in across the board? It's Merrill Lynch. I don't know what specifically. SRP. No, like what's the fund that you selected to be in? Merrill Lynch? I don't know what you're asking me. That's likely the manager of your account. Yes, in there. Yeah. Are you in the S &P 500?

1:06:18are you in a target date retirement what might you be in i'm really not sure i think it's the listen i just contribute okay i know if you're contributing it's not doing anything beneficial then what's the point of contribute well obviously it is because it's grown so much right but so i never really just like so maybe it's following the general market maybe you're in a target date retirement fund since you're younger it's a bit more on the aggressive side yeah okay jake look deeper into the documents and it looks like it's a target date okay just a normal person you can kind of make sense it goes a little too heavy on the bonds for my taste later on but you know for just someone who doesn't want to think about it it's certainly not a bad thing checking it out okay basically the money that went in went out so great okay well we're blocking out the store name, but every single one of these is a store.

1:07:14What are you doing at your work? $2.76. At your work, $1.10. At your work,$8. At your work, uh... Then you went to Wendy's. And then at your work, $2.26. Then$2.62. Taco Bell. Then at your work, you did $2.86. At your work,$3.29. At your work,$4.63. You're obsessed! You're out there, you're walking down every aisle and shoving everything in your throat! No, not at all. What are you doing then? Because they're supposed to be paying you, not you paying them. It's just like when you're right there, right? And like everything. When you're what there? When you're right there. At there. Okay. Right there.

1:07:57Right. Oh, when you're right there. Yeah. Oh, for f***ing sake, lady. At the store. And like, I mean, obviously you can get whatever you want. They have everything there. And like I always need a Red Bull just to like. Because it's a lot. It's a lot. Why are you buying individual f***ing Red Bulls? Go to a place where you can buy in bulk. Even at the store you work at, buy in bulk. And put it in, like, the employee refrigerator. I try not to drink Red Bull because it's really bad for you. Yet you purchase it every day at work. So this trying has failed. So just f***ing either quit or do it smart.

1:08:30Well, I quit for a while. You know, like, a long time I quit drinking Red Bull because it's not good for you. And I don't agree with drinking Red Bull. What on this statement is a Red Bull purchase every other day? but when you're there and like you're tired and like so do it smart if you're there you can purchase a pack from the aisle yeah i mean yes and then that gives you at least four for a more affordable per ounce price you're trying not to drink them like why would you go buy a whole pack you know because obviously this is not working you just have to resist you have to pitch the smart choice because you're not resisting you're not resisting but i'm trying you can't resist Red Bulls, you can't resist gray hair on men.

1:09:08You have to make the right choice. You need to move on from him and move on from Red Bull. Or if you can't move on from Red Bull, you need... So are you saying if I can't move on from him, I shouldn't? Huh? No, you should talk to a therapist about that. This is every second of your life. And also, some of them, they're never the same price. So you're getting more than just a Red Bull. You're getting a snack and stuff too sometimes. Or you're doubling up that bull. It's the small ones and then it's the bigger ones. So it just depends on the day? Yeah, if it's a bad day, we gotta... Even still, literally not one of them were the same price.

1:09:42Like, it's always different. It is always different. There is not one that was the same price. Are you sure? Yes! I have the numbers in front of my eyeballs. It might be, like, a little snack with it. As in the thing I just suggested 30 seconds ago, but you couldn't comprehend? Yeah. Might be. My gosh. But normally it's just the Red Bull. Oh, by the way, fun fact. I forgot to even mention it on the credit card that you were at least making the payment on you have missed like eight payments this year so far late so is that even like you pay those payments on time anyway normally but that was back when that was before I got my raise and I really was having a hard time what was your income again before the raise so it was 16 every month No, every bi-weekly it was$1 ,600.

1:10:30Yeah, it was$1 ,600 bi-weekly. Okay, yeah, you got a$500 raise. That's great on a monthly basis,$500 a month. Net. I mean, no, no, no, good raise for sure. Should not make or break your entire life with the price of your mortgage. That does not make sense. That does not make sense. You spend ridiculously. I was bored actually. You spend ridiculously. Because I didn't have enough money. Because you spend ridiculously, lady. If you don't fucken fix your habits!

1:10:59There you go. Purchasing from your store. $5.97. Purchasing from your store. $2.29. Purchasing from your store. $4.28. Purchasing from your store. $11.51. Purchasing from your store. $8.90. Speedway, you went in and got another monster. Purchasing from your store. $3.22. Purchasing from your store. $4.11. Purchasing from your store,$4.24 Purchasing from your store,$7.25 Then you went to Dunkin' Donuts to switch up the kind of caffeine we're getting Then you went Taco Bell Purchasing from your store,$1.94 Purchasing from your store,$2.29 Circle K went in, got a Bev Arby's'd it up, the Yellow Deli, expensive,$25 Speedway went in, got that coffee Purchasing from your store,$1.95 Purchasing from your store,$5 $5.09.

1:11:52Purchasing from your store,$5.35. Sonic Drive-In. Purchasing from your store,$2.76. Purchasing from your store,$2.76. There you go. That's the same price. Purchasing from your store,$8.18. Speedway went and got a coffee. Jack S. Some restaurant. Purchasing from your store,$6.12. or actually sorry that one's$2.76 and then oh there's Marshall's that's not TJ Maxx and$17.56 where are the TJ Maxx's you keep talking about TJ I didn't see TJ yet purchasing from your store $3.22 what the f*** are you talking about lady I just don't realize and then Happy Hollow$20 Happy Hollow surprise there's no overdraft fees I don't But you do have monthly fees because you don't have enough money in there.

1:12:47So you're giving your bank$5 just to exist. That's a joke. That's a joke. Do you have any other debts that I don't know about? Any family debts? Any friend debts? No. Nothing like that. I'm surprised. I just don't know. And what's up with your dad? My dad.

1:13:06Nothing. Nothing. Just not with your mom? Oh, yeah. No. They're just not together. Okay. Yeah. They're just not together. I feel like if you have a lot of room left in your budget after I make you a budget, I'm going to be pissed. You don't have to pay for groceries. I really think that you will see. I will see on my own. I struggle so much. I'm about to find out. $3 ,708. What comes in? Debt minimum payment is$186. Wait, sorry.

1:13:38$583, probably. You know what? Let's say that minimum payment on that other one that you said is more is$200. Okay, 200. Okay. Minimum monthly payment, 683. Mortgage? Mortgage is$14.98. What's your interest rate? No. It's 8%. On your mortgage? Yeah. When did you get your house? 2022. You're raising rates in 23. Why was it so bad? Did they start raising at the end of 2022? When in 2022? It was the beginning. Why is your rate so bad? I actually purchased it in February of 2022. Okay. Water, gas, electric. Average it out. Average for electric, I would say, is like$250. Summer months, it's more expensive.

1:14:30Keep going. Gas. And then gas, water is like$75. Is it combined? Yes, it's combined. Okay. Internet? My mother pays for that, so nada. phone bill um that is 186 you on your phone well my mom's phone is on there also and i own hers and mine so oh on both yeah oh for f***ing sake can't even get you to switch to helium for 15 bucks a month i gotta take care of my mommy well yeah but you can own the phones outright and then you can both be on helium 15 bucks each well i'm paying them off t-mobile service yeah okay Gas. Room from drive, drive on a monthly basis. It's very expensive. So, like, I live.

1:15:15Yeah, a number. I live probably 60 miles away from work. So, I would say on average a month it's around$300 to$400. $400. Car insurance. Car insurance is$380. TP fund. Anything else you need to survive? $100. Your mom's Social Security can cover her TP fund. You don't pay for groceries, nor do you need to, because she does. Medical health care. Anything ongoing? No. You have any pets? You have a dog. I've got a dog. How much for pet food? And then I have my little piggy. How much? Huh? My little piggy. My pig? My pig. My pig. How much for pet food on a monthly basis? Probably around, I'm going to say$70 because his food is a little bit more expensive.

1:15:57He eats a lot. Okay. Do you have pet insurance on the dog at least? I don't know if pigs can get it. I don't think pigs can get it. Okay. Get pet insurance or else you're being a selfish pet owner. I'm going to call that 40 bucks a month So no medical healthcare Jim? Yes $30. It's like$28 $28 then Anything else That needs to be in your budget that I am not taking account for I got a Spotify No you don't Well we put in things like that After the fact. This is your needs Come on Well I cut off all of my subscriptions when I moved into the house Because I couldn't pay for them except for Spotify because I drive such a long way to work every day.

1:16:39Let's see if we can fit it in. I feel like I need it. I'm not against fitting it in. It's like the only thing I have. You can't fit it in. Can't? Nope. You are under by$2. See? I mean, literally, if you can't afford it. I mean, this is because your debt minimum payments. You've allowed yourself to go up, and you got a mortgage that, honestly, you couldn't afford. Then you financed phones you shouldn't have. Again, we get rid of the financing of the phones. You get rid of some of the minimum debt payments, even just one of them, all of a sudden you are able to not only break even but start making progress.

1:17:10Cut the gym, unfortunately. You have to go on walks around the neighborhood. I'm chunky. I need the gym. Listen, we both do. Great. Listen, you're literally under by$2, so debt only goes up. Plus, you have to, like, you have to actually go into the branch and cancel your membership. Shut up for a second. Gym is great. Yes, you do a little effort. Gym is great. You're just going to be focusing on home stuff for a bit and walking and jogging and stuff like that just until you have... You know, we have to cut everywhere we can. Yeah. And I'd rather you have pet insurance than a gym. No gym. Why'd you buy so far away from your work?

1:17:47Well... Can you transfer to one closer? No. Why? I just can't. There's no... There hasn't been no openings. I mean, there... If there is, take it. But not right now. There's not any. But if there is, you'll take it? I'll try. I would try. If gas can go from$400 to$200, boom, we start making moves. Yeah, much easier. But that's why I'm saying, like, if I take out a 401k loan, and I know this sounds crazy. No. But sometimes it's not always, like, black and white, you know? No, it's not black and white. If I take out the 401k loan and I pay off my car and all those credit cards, then it cuts that minimum monthly payment.

1:18:23No, no, no, because that doesn't make sense for you because your behavior got you here. Your 401k loan is a shortcut. A shortcut then is not good because it's also tightening up your retirement. And also it's going to be like 13%, 14%. Is that better than some of the credit cards? Sure. It's not better than your car. Either way, either way, here's the thing. You're not changing your behavior. You didn't work to get out of debt. Well, I wasn't. Shut up for a second. If you didn't change your behavior, your debt will go back up. It's happened a thousand times on this show. A consolidation loan, a personal loan, a credit card transfer, or 401k loan just to pay off a debt.

1:18:58your credit cards go back up again. That's what will happen. I would rather you work to get out of debt because it's more sustainable. I'm not against personal loans or consolidations or debt forgiveness programs. I'm not against any of that, but you have to change your behavior as you're doing it. If you don't change your behavior, you're going to end up in debt again. You're on track for being close to the right retirement for your age. That$8 ,000 is denting against it already, but you're relatively almost on track. You're going to start f***ing yourself here's the actual solution for you that i would personally do me

1:19:36you said your schedule is unpredictable so does that mean the day is unpredictable yes so like i don't have the same days off and then i don't work the same hours schedule and then because i'm salary like if there's a need to stay over then you stay over and if there's a need to come in early you come in early i want you to get a part-time job but i don't know how yeah with that schedule that's why i was doing the door dash because it's reasonable. How was your DoorDash earnings versus gas? It wasn't good. I wouldn't think so, especially in a town like that. There was no tips. I was making just what you make from the actual DoorDash.

1:20:11The only tip you're getting is gray hair 40-year-old. Listen, you're breaking even by at least cutting the gym. Phone bill. You shouldn't have done that. You really shouldn't have done that. That really f***s it off. Utilities, you're going to have room some months. Some room, you're going to be over. Mortgage you can't afford. You bought your house in 2023? Two. Two? What's the remaining mortgage? So I've got 176 left on it. And I purchased it for 200. Type in your address. Fancy little computer. It's touchscreen. It's an iPad. I like that. Listen, it was estimate. I've got two acres of land, too.

1:20:49I feel like I did well for myself, honestly. The pig ruins the solution. this solution. I'm not against the pig thing. I love it, actually. You need to say him. He's the cutest little baby. He knows how to stand. For a second. Well, I was thinking about getting rid of him. I was, because he keeps getting out of my pants. And I'm afraid somebody's going to, like, either shoot him because... Someone will adopt him? I don't think so. Like, where I work, there's a bunch of Amish people. Like, it's an Amish community. And I thought about maybe some... He'll be eaten. Yeah, they'll eat him, I think.

1:21:24You're okay with your pet being eaten? No. That's what I'm saying. So you're not getting rid of them? No. Not to the Amish. Well, it was like an option. It was a thought. And then, like, I was kind of talking about it. Lady, listen. They're going to eat him. I said, oh, my God, my piggy. I think the best solution is actually selling your house and moving to a rented place. But with the pig, you can't. No one's going to lie to you to have a pig. And I have my dog. Yeah, you can do that. My beagle. You can do that. The dog's fine. There's a few, there's some landlords that will say no, but there will.

1:22:01I think because you definitely have an equity position. I'm guessing you'd walk away with at least$40 ,000. I'm guessing the Zestiman's over by like$20 ,000 or something. You probably could walk away with like$40 ,000. I don't necessarily want you to wipe the, maybe we wipe the car with that, then we pay off the credit cards via behavior. That's what I want to do. and then you stuff the rest aside for a down payment on a home again in the future but you just simply won the mortgage is pretty unaffordable to you you know again you're just behind on your stuff if i didn't have the minimum monthly payments i feel like i would be okay no shit so like that's what that's what i'm trying to you should host the show is like the best way to get rid of these because that's really what holds me back is like the minimum monthly payments What would your minimum payment be on this 401k loan?

1:22:53If I took the loan out, it would stay the same. It would be like$100. A part of me, I don't like this because it vibes with my... You agree? You agree with me? No, a part of me is my morals don't vibe with this because I believe if you borrow, pay it off. But I almost let the other one, the credit cards go to collections at this point because your credit score is already ruined. So it's just like, and then you just, you hope they don't legally go after you, which they could. I mean, that$9 ,000 balance on one of them is pretty big, so they could go after you. Yeah, I don't want that to happen.

1:23:25It might be worth it in the legal process. I really don't want to do that. I know, so it's definitely a risk. Yeah. Maybe one of the debt programs where you go into the debt program and then they negotiate it. It's really difficult. You're on that edge, so there's really nothing to cut, and I don't know how to get you a part-time job because your schedule is just so weird. I think you need to move closer to you as soon as you can. Or you need to sell the house. Don't know what you do with the pig. You need to cut expenses anywhere and everywhere you can. This is already without food. I don't know.

1:23:57So I'm starving. Maybe trade down our phones a little. I'm not going to the gym. Maybe we're trading down our phones a little. I'm not starving. You're not going out to eat. You said your mom buys the groceries. She does. That helps out. That helps out a lot. Then we just start cracking at these debts one by one. and you'll get there. Just go smallest to the largest. I'm making the minimum monthly payments on the Savior. It's just the bread. You missed five this year. So shut up. It was before I got that extra$500. I don't care. You still missed five this year, so don't say I'm making them. Buddy, you missed almost half of them this year.

1:24:36But when I got my raise, that's what I paid twice. I get it, but your spending likely increases well because, look, we have your spending. I don't know. there's some potential solutions. This one's going to be hard. Why don't you sit down with the financial advisor, see if they have any extra thoughts. You know, this is a live thing that we're doing right now. Maybe something's not popping in my head that, you know, I could be thinking about. So sit down with those financial advisors that don't mean money. They might be able to help. Either way, I'm going to call the dude on my number in the post show.

1:25:05We're going to have that crazy conversation. So make sure you guys join our YouTube membership. I recommend elite for thousands of hours of extra content, exclusive audits, a call-in show where you can talk to us. A lot of other things. And live streams as well. Let's get your hammer for an initial score. Spending a budget you overspent. Debt. No collections, but 401k loan. It was really bad. And not paying on it. I can't give you better than a 1 out of 10. Emergency fund didn't have any savings. 0 out of 10. Retirement is relatively good. I'm close to giving you like... You know, it would have been damn like 8, 9, but you take a 4.

1:25:40On the financial score? on the retirement part but your 401k is definitely bringing it down to at least the five out of ten real estate you do own a home the mortgage is too expensive the interest rate is not good that's honestly probably what's you maybe refinancing it at a lower rate well they say that it mathematically justifies if you can save two percent this next rate cut see where mortgage rates are about a month after that. If you can get under 6 % refinancing your home, you have a score. Your debt to income is horrible. You're not going to be able to refinance. Not for anything worth it.

1:26:18Real estate, because of those qualities going against you, I'm also going to give it a 5 out of 10 because it's a risky situation. Hammer financial score, 2.5 out of 10. Real estate saved you. Congratulations. Alright, y 'all. All of our education is bundled together for 15 % off. And I'll see you guys in the post show. Make sure you join that link in the description below. It's about to be a wild one. So you still love gray hair? I don't know. It's hard to say. I do. That's emotional cheating. Call him. He didn't want me to come on this show. He's a bad person. Oh, yeah. I'm getting nervous. Listen, he was a dick, so we can f*** him a little, right?

1:26:56Hi. Hello. To watch the Financial Audit post show, click the Join button below.