Homewrecker Steals Married Men And Loses Everything | Financial Audit

0:00To watch episodes of Financial Audit a week earlier, check us out on YouTube. I got myself into a lot of credit card debt because I got into a situation. How long are you married? Almost five years. And you got with this person. I thought we were going to be together. We were going to be in love. That wasn't the case because he was married. Technically, I was married too. You and the married guy banging it up. You were f***ing. Yeah, of course. And he was married. Yes. That's home record behavior. I'm Daphne. I'm 34. I'm from Huntsville, Texas. and this is financial audit. Welcome over to Austin.

0:38I don't know where Huntsville is, but what do you do for a living? So right now I'm what they call a distribution designer at an electric company. So basically I just design new construction power lines in like an AutoCAD type software. All right. How much are we making? So I make$31.74 an hour. okay that's it's pretty good yeah so i'm about to get a raise well okay yeah oh you're gonna get a raise to what uh it's like 33 58 or something like that so i see 3 817 come and comes in that sounds right is it about to be like 4 000 after the raise where's it gonna jump to i i haven't in the math but maybe okay so what are we looking at today we got we got some weird and interesting debts you make okay amount of money so it's like a little confusing i think we're gonna need a little context okay what are we looking at so i'm kind of a mess um okay so it all started two years ago i got divorced okay and 32 when i left my husband i was only making like 16 an hour and so that wasn't enough and so i got myself into a lot of credit card debt because i moved into an apartment that i couldn't really afford but i thought that someone else was going to be living with me in it so what do you mean the ex no okay so right after i got divorced i got into a situation with somebody i knew from work and um how quickly after the divorce well like immediately it was like a rebound right i guess is what they would call it okay like the day after Maybe.

2:45Sort of. Yes. Okay. So I knew him. Right. We worked together. That's how we met. Wait. How long were you married? Almost five years. Did you guys ever have any kids? Yes. And you got with this person a day after? Yes. But see what? I thought he was like the love of my life. A day after a divorce. Okay. Yes. sure and you thought he'd be living with you yes like i thought we were gonna be together we were gonna be in love but then that wasn't the case because he was married which i know it sounds terrible right that sounds terrible i thought he was just like the love of my life and we met under these unusual circumstances which technically like i was married too right like so wait a okay no sorry go on go on i'm processing the time i moved out of my house to the time my divorce was finalized was probably like six months maybe a little longer so like technically i was married what this this this the so like the day after you were like hey i'm divorcing you so how that went my ex-husband yeah well we had like a conversation and we were like okay so it's ended in a divorce we understand then the next day you were with that dude well i mean that no not exactly but very soon after yes but he was married yes so i was under the impression that he was the same kind of married that i was which like what kind of married is that which is that's insane no hear me out so like i okay no i'm hearing you out just doesn't really vibe with my personal morals on that right no no go go go like legally you say your thing we're trying to get context for how you ended up here so go ahead legally married right oh yeah like was not divorced yet but we were not living together yeah but you also met up with the dude the day after and he was married not the day after that makes within a couple of weeks right so anyways he had me under the impression that they were getting divorced but they owned a home together they owned vehicles together so it was like a longer process right yeah you guys had a kid yeah but we didn't have any like finances together so it wasn't hard okay so he was like i'm leaving like he's they're not together anymore right they're just in this process of getting divorced that was my understanding turned out that wasn't the case at all and i found that out several months why are you guys together me and the guy sorry i know this isn't like straight finances right here we're trying to give context for the finances but i do have to be a little honest that i am quite interested in this that's fine so i will give it at least a couple more minutes um we were together maybe six months you and the married guy yeah married banging it up banging it up you were well yeah of course and he was married yes that's homewrecker behavior technically that is true yeah it's embarrassing yeah but they're still together and you signed a lease expecting him to live with you yeah they're still together does she know oh yeah are they open no future wife please don't cheat on me I would be that's okay

6:24yeah so she found out about me and i was kind of like oh she found out okay yes it was the whole thing yeah let me look this back to finances so you signed a lease expecting to live with him because you thought he was the love of your life a married man that you met wait when you say like that it sounds bad but i mean girl i'm going off what you're saying no and what i'm saying is that right now right of course now i see your no no no no no no i'm just saying did you get the apartment expecting to live with him eventually yeah i thought what was eventually moving i don't know within like a few months there was something that was happening that he was waiting you know So there was like a time.

7:10Yeah, maybe he had a wife. Yeah. So I couldn't really afford it. But it was also the cheapest place I could find. So I don't really know what I could have done differently necessarily. And it does sound crazy. So that's how you started getting into debt? Yeah. So when I got divorced, I didn't have any credit card debt at all. I had credit cards, but no balances on them. But I did have all this student loan debt. That's been there. so okay yeah so i ended up in the credit card debt because i didn't make enough money to live my life but i had well you signed up for a life or two with this like dream that didn't exist yeah it's so sad it was kind of it feels like a fan was like a fantasy in your head no why did you think he was gonna move in and take care of half the payment because that's what he was telling me okay like he was like i'm gonna marry you you're the love of my life yes teenager this is gross okay um is it they're so happy you you think so okay it is i mean it's embarrassing right but it's also like a part of my life it happened two years ago um two years ago a long time but i'm trying to do better right that's why okay sure my life is so much better So you started going into debt because of that?

8:36And then... Well, not because of the guy, necessarily. It was two years ago, but because you lived a lifestyle too high because he didn't move in. Yeah, because I truly could not afford my life with the job that I had. Well, that was two years ago. So what have we done these last two years? Okay, so about a year ago, I got a way better job. Oh, yeah. Like this job I have now, right? Yeah, it's a good job. So I almost... I basically doubled my income. Oh, sure. So it's been way better. I moved into a better place. That's okay. Which was necessary. Yeah. What do you mean? So the place I was living when I first got divorced was like a tiny home.

9:15Yeah. The place you couldn't afford. Okay. It's meant to be like a storage shed, right? It was. It was storing you. Yeah. And my child. Yeah. And so it was like 500 square feet and just all one room basically. It was not ideal. You were living in a studio. Yeah. people live in okay go ahead okay but when you have a little kid you have lots of stuff she'll be five soon what is she gonna think when she i don't like it um i think people do this all the time right that isn't that's part of like love is like taking a chance on something and like i it sounds crazy but i really thought like he was like the one right and then he wasn't and that's partially because he was lying to me and i just believed it because i i wanted to believe it but now in retrospect i it's very clear what was happening well what would you rate yourself finances wise i know we're talking about love we're not talking about that kind of rating we're talking about finances finances zero being the worst 10 being the best where do you think you are financially today so i took the quiz on her website free link in the description below it gave me a zero which i don't agree with why do you not agree with that i don't think it's that bad i think i think i'm like a four you think you're a four explain go ahead okay give it to me so i do have a lot of debt right oh okay but yeah laugh it away go ahead now laugh that pain away i don't have anything in collections and i'm you own a home no you have a fully funded emergency fund no how's your retirement it's pretty good i think but truthfully i don't really know i don't it's pretty good i think i don't know all right so you don't have an emergency fund you have bad debt yes you might have retirement going for you no i mean i have i have like a 401k from an old job that i quit but is it good for your age like i don't know probably not okay so so why are you a four well four is like less than halfway so i feel like that's that's not so bad zero to ten what's in the middle five so five would be basic average solid down the middle so i'm like just below that i think that's fair oh my okay um gosh well that's an interesting take also guys you know we are looking for interesting people to come on the show i don't know about that that was special but we are looking for interesting people to come on the show if you have unique financial situations for us to look in you know we like having nice little different tastes of finances uh feel free to come on the show you know also just conversational people because it is a podcast as well people who like to have conversations people that have opinions we like to make uh a uh educational interesting fun show so uh apply to be on at calebhammer.com slash apply if you would like to be thank you for being on i know i've given you a hard time so far but thank you for being on um four is wild but um that's well we'll see right we'll see sure we sure will all right let's jump into this because It's been the Caleb Springer show so far, which is fine.

12:48I mean, I find it entertaining, but we're also trying to get into your finances here. Maybe you should divorce debt and sleep with debt-free right off the bat. That's a great idea, actually. I'll work on it. Well, okay. Bank of America. Yes. Bank of America. Oh, f*** me. what i'm so sorry i want to ask about that apartment let me get through this card and i'll ask you about your current apartment again okay five thousand five hundred forty four dollars and sixteen cents is the balance with uh ninety eight dollars of interest you're purchasing you're purchasing why why do we do this why do we do this you've had two years you got a better job and this is what I was going to bring up a second ago.

13:38You moved into this bigger, more expensive apartment. Okay, I understand it. You wanted to get out of the studio. That is relatively fine. But if you doubled your income, you moved up some lifestyle, how the... Why are we purchasing an article? Why has this not been paid off? And not only that, but why are we purchasing an article that's getting$98 in interest? Why is this... Why have you made no progress on the debt? I don't think I've been purchasing on that one. It's been a long time. Oh, interesting. Why don't you go ahead and take a look at numbers? Almost like it exists right in front of me.

14:12Looks like you stayed at our hotel. Um, recently. Whose husband did you bang in this hotel? Nobody. Sorry, I'm gonna... Oh my God. Whew. As a business owner, I know managing your business finances can be one giant pile of taquito chaos. Luckily, I've been using today's sponsor, NetSuite by Oracle, and they are here to simplify your life and save you some serious cash. NetSuite is the number one cloud financial system. It's like having a digital command center for your business that covers accounting, financial management, inventory, and HR all in one place. So say goodbye to a statement full of expensive software.

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15:26Over 37 ,000 companies have made the switch to NetSuite and have seen real profit growth. Right now, NetSuite is offering an amazing, flexible program, but only for a limited time. Head over to netsuite.com slash hammer or check out the link in the description below. That's netsuite.com slash hammer. There's no better time to start saving with NetSuite and take your business to the next level. Um, I did stay in. I went to the beach recently. That might be that. You had a hotel to go to the beach? I went to a beach on 4th of July. I didn't buy a hotel. What are you talking about? I mean, I do go to the beach all the time without saving me.

16:01far away as at the hotel you have debt though why would you put it on a card that you have to pay off oh i thought i had to so when i booked the hotel it was like if you use a debit card it'll hold so many hundred dollars do you know what i mean they do prefer credit cards yes so i used the credit card and you asked me why haven't you paid it off and the reason is yeah you haven't made progress like it's just you were making so much you made double yes so it was like 11 000 maybe over the course of what but then what i did do was i took i did that balance transfer thing so you didn't even pay it off you just balance transferred right and that balance transfer has 0 % interest.

16:48So I've been focusing paying on that to pay that half off. That's not paying off that though. Before. I thought it was a good idea. Potentially. Okay. Potentially. When did you do the balance transfer? It would have been maybe October. Okay. And I think I had 18 months, 0%. No, I get that part. I get the math part. So I've been just paying the minimum on this one and then paying more than the minimum on the one with the interest free card that doesn't make any sense well because i have to pay it off before the end of the yes but it's a long time like i would have tried to well i guess i would have mathed that i would have figured out what the minimum payment would be required to pay that off within 18 months and then just put it at that and the rest of the money i'd be putting on cards that have interest but again that's a math thing in the math thing yes consolidation can kind of make sense i'm not opposed to the concept but someone like you you You just, you lived higher than you could.

17:44I mean, we... Oh, gosh. I mean, 10 % of your spending goes to eating out. Another 7 % to miscellaneous bulls**t. There's unknown spending, another 10%. I mean, it's crazy. So it's... Someone like you, you have a behavior issue. You can't control your spending. So what a consolidation does is it all of a sudden leaves you... What is this? 20, almost$18 ,000 to be able to spend on this card? just rack it up rack it up you just gave yourself the ability to spend more money that's what tends to happen when people don't fix their behavior we know you have behavior issues so people just like i don't know that's what scares me about it yeah i that's i but i will say other than the hotel i mean i'd have to go back and look i haven't spent anything on that credit card in a very long time okay i've been really trying to do better but then i did accidentally get a southwest credit card?

18:41How does someone get an accident? How do you smile a lot? Is it a little joke? Is it a little hee-haw? It just accidentally f***ed my life. No, it's not that. I was booking a flight and you know it pops up that thing at the bottom that says if you get this credit card you'll get this many dollars off. There's steps you have to go through. That's not an accident. So I didn't understand. I thought that amount would be subtracted right then. I didn't realize that you have to, you know, get approved and then it comes in the mail. And then I can use that card eventually to get that$200 off. That sounds really stupid.

19:17And yes. Yes, it does. So now. Yes. Okay. I'm glad you realized that. Yeah. So$98 in interest accrues on this take 20 years to pay off doing the middle monthly payments. Right. So my plan, which you can tell me that's a bad idea. I'm happy to hear that. My plan was to pay off the card that I balance transferred to and then balance transfer the rest of that to another zero percent situation. Again, there's some mathematical things that are OK. If your behavior hasn't fixed necessarily, listen, because I know a lot of the spending is in the checking account. That's still you're spending money. That money could be going to pay it off debt.

20:02Yes. I don't think you've necessarily fixed it. I think maybe, maybe, because I don't know where you were. Maybe something got a little better. You know? Maybe, like, you're choosing debit versus credit now, which you're not a credit card person, so I would do that. I would use the FIS card if I needed to use a credit card and take advantage of that. But you haven't changed the overall spending issues. You've just moved it in a different direction. Maybe. Maybe. What do you mean maybe? I have your statistics. I know your spending. Maybe. what is maybe what is maybe I meant maybe at least 30 % is spent on bulls**t across the board maybe that might be true but I will be honest that is something I didn't realize until you gave me that pie graph right there that's how it happens that means you're incorrect that means your behavior is bad that's why people come on the show you're hearing s**t You're learning that you never know, that you never knew.

21:06Like, yes, I know that this is probably the first time you heard it. And that's great. That's wonderful. But you can't say that everything's going like your behavior is fixed and all this stuff. No, I haven't. I haven't. You're right. Okay. In that respect. Yeah. And the balance transfer. Yes. What was the fee for transferring? It was like a certain percentage, maybe like 3%. What was it? and uh i don't it was like a three percent of 5700 or something so i can't remember what that was it is better than like the 30 it's on so yes but either way that only matters if you don't build your balance up again which so many people have done on the show yes i'm trying not to do that Okay, here's a...

21:51Oh, this is a car. This one's a little hard to read. We owe six... What is the car? It's a 2019 Mitsubishi Outlander. Okay. Do you have joint custody of the kid? Yes. Okay, so you see the kid often? Yeah, so we have her week on, week off. So I see her all the time. Is there any additional support provided by the husband or do you guys just split things down the middle? How's that? um he doesn't pay child support it was my understanding that because we have joint physical custody that right but is he but is anything provided either or you give him he gives you are we splitting daycare like what is happening so he pays for daycare and he carries her on his insurance other than that we split you know we just pay whatever expenses there are when we each have her what about so what about the like co-pays and stuff like that so just whoever takes her to the doctor okay but it's usually me but she makes his health insurance more expensive yeah so his company pays his premium for himself so he only pays for her so we probably pay the same amount in health insurance each you know me for mine and him for her it's not at a horrible interest rate it's at 4.89 percent and the minimum payment is$299 uh if it was below 4 i'd be like high five it's it's in that kind of gray area for car loans where it's like yeah we probably would want to pay it off quicker so you owe six thousand one hundred two well dollar or six hundred six thousand twelve dollars how much do you think it's worth so probably around there maybe just a little worth a little more it's worth seven thousand three hundred thirty seven oh so that's close so you actually have equity in the car shocking why?

23:46I don't know because I'm terrible at everything else you'd think I would have messed that one up too alright now we have the southwest so you got this was on you said you got this on accident where are you flying to? why are you getting flights right now? we have debt to pay off so I'm flying to Georgia for a boy Texas for a boy you mean a man? Well, yeah, man. Okay, I just wanted to be. Boy sounds cuter, but yes, man. He's in his 40s. Okay, okay, cool. So I'm assuming this is love. We're back to love. We've gotten back to love. Okay, wow. Lots of love in this conversation. If only I could find any.

24:32Yeah, so. And he's not married. Great. Well done. Well done. Congratulations. That was a one-time thing. I know, but congratulations to you. Thank you. It's progress. We're talking about making progress. I'm doing it. Okay. Okay, so. So you're dating this dude in Georgia? Yes. Technically, yes. Is it Noah? Noah lives in Georgia sometimes? Was it Noah? You weren't dating my producer. I'm kidding. Am I? Well. I'm not at liberty to say. No, it's not Noah. Yeah, so that's where I'm from. I'm from Georgia. So this is a guy that I knew before I was in Texas. And we kind of like rekindled. But I guess you could call it a situationship.

25:19Maybe. Except for after like one year and five months, he asked me to be his girlfriend. So now I'm his girlfriend. Oh, so it's a relationship. Yes. Now. Very recently. Wait, one year, five months. That's very long distance. One year, five months. And you. Wait, how does this cost? How often do you visit him? Okay. This is crazy. We see each other like every four to six weeks. And we alternate. Like I go there. He comes here. Once a month, once every month and a half. Yeah, ish. Okay, so you fly out there once a quarter at least. Yes. At least. So four times a year. Oh, I think last time I went there.

25:55Last year, I'm sorry. I went there maybe nine or ten times. Okay, that math is not mathin'. Right. I'm going to let you know. Okay, so it's like every month-ish. But then it's also like. Yeah, every month you. go sometimes but then it's like we had to go to the beach and then this beach what is this beach you're obsessed with the beach what do you mean beach how does how does beach equal you being able to stay in debt forever you're like you're like the opposite of anakin you're just obsessed with the sand and you'll just go into all the debt for it i'm not even a beach person buddy you're getting a hotel for the beach even though you don't need it and you're You're talking about this, but...

26:33Okay, go on. Sorry. Go ahead. Okay, so, yeah. It's like once a month, once every two months, except for like then there's a beach trip in the fall and then there's like a Christmas trip and then the Thanksgiving trip, you know. Is this gonna go somewhere, though? You guys are so far apart. You have a kid here. Right. So it'll be this way until my kid is 18, I guess. That's the plan. She's almost 5? Right. Yeah. You're not happy with that. I mean, I don't know. How long are you there? What's the other choice? He moves here? No, that's not a choice. Why? Well, because he's rooted. He's from Georgia.

27:13That's where he lives. He has a good job. He has a family. Right. But I had a baby with someone who lives in Texas, so I'm stuck for 14 years-ish. Okay. so yeah the plan is to just keep doing it until it doesn't work anymore i guess i think that's how all relationships are well i hope you guys make it i guess i mean this is how expensive is this for you to fly out every month so i would say maybe three to five hundred dollars each plane ticket but then when i'm there i don't spend extra three hundred dollars to five hundred dollar a month payment on a monthly basis for your relationship and that's getting on top of whatever other minimum that's i mean that's your double your car payment and then you sometimes more on a monthly basis spend any money so it's just the plane ticket and sometimes he'll pay half i think maybe if i asked him to he'd pay half every time but i'd feel gross okay i mean whatever it's well that's not up to me right we have you asked yeah then and i know i said situationship which I don't like saying that because it makes him sound bad.

28:24Yeah, but how long are you guys actually together when you're together? Oh, so I have every other Friday off. So normally I go like a long weekend, like Thursday night to Sunday night. All right. Good luck for you guys. And same for him when he comes to see me. I mean, the main reason, I mean, sure, I mean, a little bit of tea is interesting, but the main reason I'm interested in is you're just, I mean, you just keep putting money on this card, you get a little bit of interest accruing, you have to do it every single month. it's a very expensive for your lifestyle and you need to pay off this debt i don't i feel like you're putting what find a boyfriend here yes no you like guys from georgia i'll set you guys up in the financial audit post show it's just i don't know listen i i don't want to get in the way of love it's just like you have a kid you have responsibilities like sorry yeah i know you divorced them but you guys still did the bang and you have to take care of the result of it and it's only four or three or two or sorry five you know whatever it's an age and she she she okay and you have a responsibility as the mother just because you guys are divorced doesn't mean all of a sudden you're just free from all consequences of that relationship and some of that involves getting your financial future secure so that you can actually have a shot of retirement without your daughter having to take care of you and put her life on hold to take care of you because you weren't responsible enough to take care of yourself you could also pay for college there's a lot of different things not that you have to but you could right but you're prioritizing yours you know having situationships and just fun also why did you guys get divorced going in the tea again i just can't escape it the the the kettle is hot but i have to know now why did you guys get divorced so what i will say is that it was very fast like we met and probably within two weeks we moved in together oh which is you know it's very fast and then he moved away for his job and so i followed him because love right so then yeah it just within a year we were engaged and then i got pregnant so we got married because i needed health insurance oh god um okay yeah we didn't get married for love we got married for hell insurance at that time we were already engaged so we're planning to get married because of the kid or because you're just moving quick just moving quick yeah so what i think is if we had dated like six months longer we just would have broken up but then at a certain point it's like you're so far into it and then you try to make it work and then we had and how does that usually work not well oh interesting who would have thought but really everything fell apart when we had a kid because having a kid is hard and there are things we didn't talk about because it moved really fast that maybe if we had known these things about each other we would have just broken up but we didn't we got married well lasted five years somehow yeah i know shocking okay so on this card we have 312 51 cents but you put flights on it constantly you kind of pay off the flight but then you still have like three bucks of interest accruing it's not an incredible amount of money but if you're having interest accruing you're losing the credit card game because you're not catching up with that with points so it's just like you know i mean yourself with the$74 83 83 cent minimum payment you're not a credit card person as we already know yeah i'm not well that's at a 27.24 interest rate but i do get these charges yeah i know you do but you still you do have interest accruing yeah i get i don't know where the break-even point is but usually with any interest at 27 your cash back is going to be like at best 5-6 % at very best.

32:07It's like$8 every time or something. What is? Every time I purchase a flight it's like get so many percent back. Right, you get$8 off of$500. What do we got? Cool, you're getting 1.5%. Thrilled, you're losing 27 % so I don't give a f***. I don't give a f***. Chop up your cards dude, it doesn't make sense. But then how will I get to georgia what do you mean does money not exist that's not debt is that the dumbest thing i've ever heard in my life potentially maybe no i have money but it all um it goes to minimum payments and amazon and food probably so we're just gonna keep building this card up and our debts up for a situation ship no no not what happens does he know that there's a risk that you meet a nice married man here no that that's not a risk any longer we have a city simplicity card four thousand eight hundred sixty eight dollars so this must be the consolidation card yes i thought i was doing the right thing oh i'm sure you did it seems like it was the right thing at the time mathematically it is again but if it doesn't if we don't fix behavior again you're putting flights on a card that you accidentally apply it to like and i'm getting cash back guys I'm getting 1.5 % cash back even though I give them 27 % cash to them.

33:34Yeah, I think they're making the difference. I think they're making the money off of you. I could drive, I guess. Well, I'm not saying it's even – because I mean that's probably cost the same if not more depending if you're stopping. What's Georgia? I mean it has to be like a 12-hour drive. Yeah, ish. 12, 16 maybe. I don't know. It's not about that. is you're still putting that on a card. You accidentally opened a credit card. You haven't fixed your behavior when you did this consolidation. Right. You didn't make the wrong decision, just maybe not the right decision for you at this time. But maybe I should put the flights on the 0 % interest credit card.

34:11Would that make more sense? I can't believe we have to add a flight budget to your budget. This is crazy. Love. Yes. I know. Oh, that's what you said. How often do you fall in love with these dudes? Not very often. Okay. I mean, only two in the last two years. That seems reasonable, right? The rebound, and then now this one. Right. The rebound was not... Whatever. You did not intend for that to be a rebound, though. You guys were going to literally move in together immediately, so... Yeah. okay the which that's a behavior that i have not repeated right we can agree okay it's been two years yeah but yes uh so a year from now yes wow literally a year from today the interest expires the interest free it's literally a year from today yeah that's pretty good though i can pay it off well okay let's get what the minimum payment needs to be for you to pay it off starting paying this a month have you paid no i don't think so uh so normally i pay twice as much as i have to uh the correct answer is you need to pay 405 406 dollars i think i do that maybe i don't know can you yeah okay um well let's see so income that came in we discussed was 3 800 how much money went out oh i think i've spent less than i make okay yeah how much uh let's guess maybe three thousand okay three thousand nine hundred twenty one so you can make this extra multi hundred dollar payment also didn't you get like an email today or something yeah so okay i was so prepared to come in here and say I've never been late on a payment which is true until today and I was driving here and I got a text that was like your Chase account needs attention and I was like oh no turns out I forgot to pay it which has never happened but it was due on 4th of July and then there was a hurricane and I just forgot but I paid it today and I think it's fine yeah it turns out instead of paying off the card you're committed to you went and opened up a brand new Southwest card but that was a long time ago it was a joke about you$49 a minimum payment you pay$116 but you say you're able to pay$406 I think if I tried really hard I could do it but again you you pay you spent in general with everything across everything$100 more than you bring in so what what are you talking about what are you possibly talking about okay it's right because numbers math oh yeah it's a tricky little thing so what the are you talking about well i can definitely spend less you then why haven't you so wonderful thing guess what guys i what's something i do wrong we already make fun of the what's something i do wrong what's something i do wrong

37:24i'm a tutor i think that's just natural though you're allowed yeah i'm a tutor i could just say you know i could just toot less doesn't matter i don't know i haven't tooted any less true so i'll be popping those farts like how is this how is that like you haven't demonstrated at all in any way whatsoever so what kind of come i can't just walk away and feel confident okay good we did our work saying i'm gonna spend less you haven't put in any behavior what makes me feel like you can do that well how are you confident in that you haven't changed your behavior in any way whatsoever well i think what happened is that i started making more money so then i started spending more money and sometimes i just give money to people and i can stop doing that what do you mean what do you who are you giving money so like when i first got divorced i was so poor like i had no money and i was having to put bills on credit cards but like now i make more money i'm doing better so then when i encounter someone that i feel like it's you know in that position that I was I feel like I can be helpful so like I'm in all these Facebook groups for my town and there's this homeless guy who sits outside the Walmart and he posted in the Facebook group saying he just got a job he posted yeah because he has a phone so he was like I just got a job but I need some pants how small is this town I don't know it's a college town it's pretty big okay but everyone knows the homeless guy yeah he's pretty identifiable oh sure okay it's kind So anyways, he was like, I really need some pants to start this job.

38:58If I don't have any pants, I can't start my job. And I was like, I feel like I can buy some pants. Right. That's a good deed. OK, that's nice. That's actually nice. So I everyone's like, go to Goodwill. And he's like, I need a size 52 waist. They don't have those at Goodwill. So I said, hey, look, I'll buy you some pants. Tell me. Almost man's been eating well. Yeah. So he sent me a link for some pants. I ordered them. And then he was like, well, if you're buying me pants, can you also buy me suspenders? Because he can't wear a belt. And I guess they don't make him that big. So I ordered him suspenders, too.

39:33Well, then I realized he lives in the apartment complex right next to mine, which I was like, oh, that's so weird. Well, he's sleeping on someone's couch. Oh, OK. Well, so he can work to have a place to shower. So anyways, I buy him the pants. I buy him the suspenders. He never says thank you. And I was like, that's weird, whatever. But, you know, fine. OK. Yeah. I mean, you're not doing it for the thanks, right? you were giving yeah yeah okay so i was my good deed i felt good about it so then like a week later he's like hey i'm hungry could you give me some money is that how he said it yeah hey i'm hungry well actually he said can i ask you a question and i was like oh great he started by asking a question right well then i thought oh no he's gonna ask me out and i was like how do i i mean where's he gonna take me right he doesn't have a home he was gonna take me out to eat with what maybe i'm gonna pay for it yeah all right he's working he said i'm so hungry i don't get paid can you give me some money and so i'm like you would have done it let's be honest i'm sorry maybe i don't know but you're suggesting that it's a possibility so go ahead so anyways i gave him some money on cash app i sent him like 25 well then that happened three more times and i was like look you're making me uncomfortable no thank you so yeah i could definitely not do that that would save me what a hundred and something dollars if I didn't give money to that man.

40:54So I ended up having to block him. It was a whole thing. I have an exciting channel announcement and it's one of the most exciting things we've done so far. By popular demand, we've launched a new tier to our channel memberships. There you'll get an exclusive audit that can't be found anywhere else. It's ad free and completely uncensored on the first Tuesday of every month. On the second and fourth Tuesday of every month, myself and members of the company will be doing exclusive member live streams where we can hang out with you and talk about whatever you want to live. And finally, on the third Tuesday of every month, we'll be posting a new behind the scenes podcast called Crewcast where we'll be discussing everything behind the scenes at Hammer Media.

41:32And of course, this new tier gets access to all the badges, emojis, and the financial audit post show. This is honestly going to be really fun and I'm super excited. And we kicked it off this week with an exclusive couples audit and an updated office tour since we've expanded so quickly check it out link in the description below and in the pinned comment i mean you try to be nice i mean that that's what happens when you try to be nice sometimes people take advantage i think i mean it's good to do good deeds without any expectation of anything that's the point but i was in a situation where i was so broke and now it's better and so i know everybody's been there at some point and I was grateful to the people who helped me okay well yeah I mean you don't have any money to give to literally benefit your own life for the sake of your daughters so I don't think we're help I don't think we're you can do volunteering there's a lot of things you can do if you want to give back that isn't taking money out of your wallet no don't get me wrong I love that idea of donating to organizations or doing things that you tried to do and sure he may have started to take advantage of you and your you know your heart but you're able to give more over the course of a longer period of time if you get out of debt right so like when i used to be rich i used to you used to be rich yes well at the time it felt that way oh okay well i made like what i make now but i had no kid and no bills basically okay and It was great.

43:03Okay. Wow. Okay. So you never make a four. I remember what I was going to say. So when I used to be rich, every time I got paid, I would find a GoFundMe and I'd donate money to it because it made me feel good. Okay. And so then I think maybe I've continued that and I shouldn't have. You shouldn't have. Because now I'm poor. You're poor, but I mean, a lot of these are just choices. I'm just, let's go through it. We haven't even gotten to your spending account yet. So on this interest-free card, you need to pay$406 a month. Okay, sounds good. And that'll get you. That'll get you there, okay? Yeah.

43:36Oh my. Okay, student loans. Dang. $60 ,000? So what did you get? What's your degree in? So I have two. Oh, good. So my bachelor's degree is in forestry. And my master's degree is also kind of in forestry. It's in natural resource management. Do you work in forestry? Oh. No. Okay. I don't. I'm not using it. what were you gonna do well what i really wanted to do was non-formal science education like out of like a park ranger kind of that'd be cool yeah that was my plan 60 000 a debt to be a park ranger yeah because that's what i learned is i don't make very much money yeah so when i got out of school i got my dream job which was uh like an outreach coordinator at a state forest sure and i made 38 000 okay but that's just that's fresh out of school starting that's okay right but then i quit that job to move with the guy i married for love what do you oh and now you do like what was it it was like legit it was like processing something i design power lines oh you design power yeah so it's kind of like being an engineer a little bit and also a degree definitely helps you get into a door whether or not it's the applicable degree or not but and then you had you did have work experience so i'm not against it by any means i'm you know you know if you wanted to work what kind of school did you go to like if you wanted to work in a if you know what job's gonna be a lower paid job that's when if what we're trying to get for a degree leads to that lower paying job we go about the degree in a cheaper way with community college and hopefully paying cash for that and then once we have to go to a four-year institution you know just in state yeah so when i first went to school i went to school for ceramics so forestry was the better choice i think okay between the two but i kind of accidentally got a master's degree and how do you accidentally do all this well i couldn't find a job and so then i was like what i guess i'll just go to grad school okay so that wasn't an accident you just used that word like it's cute or something okay i get it so you purposely went to grad school and took up more debt yes because i thought it was my only choice well i'm allowed to gift tax certifications to course careers to guests i don't think you need it you're good they're good resume boosters but um if you ever want it or need you can gift it to someone if you'd like to if you know someone who needs it sounds good it's your five-year-old to become an accountant to the accountant course hopefully she's more successful than me you're doing okay financially just being a dump yeah and irresponsible yeah because what you're gonna be making four thousand bucks a month maybe yeah i mean net 50 50 000 bucks a year rounded but the student loans i just i pay them yeah because you've like brought down your payment to like is it income based yeah i think it's 33 16 cents a month which means it's just accruing it's accruing it's accruing it's accruing it's agreeing it's agreeing and the safe plan you know that just got didn't that just get struck down by the supreme court so like all the students the thing i'm not against joining any of these forgiveness plans or low payment plans but the thing is right now in the current political climate like any kind of student loan type thing it seems to just be getting struck down so it's so risky because what you're allowing this to do is these are close to seven percent interest rates which is terrible you're just allowing this to accrue because you're paying no money towards it then any kind of hope for forgiveness it just seems to be going further and further out the door no matter the plan you're on almost other than the if you work in a non-profit or uh the government well i might be wrong but my plan all along was that i thought if you paid them on time for 25 years that they forgive the balance that was my plan that's what i've been doing so far because the thing is like i have good credit so like it doesn't really matter that i have student loans they don't affect me right they don't they haven't prevented me from doing anything well they definitely add the amount of debt you have they can add to your debt to income ratio right but somehow i have a good credit what's your credit well yeah you're a credit card person's dream dude you're opening cards you have a high bound so i think your utilization is technically kind of low because one of your cards has a massive limit but uh you're just so I've just been ignoring them your student loans but you have a better why are the rates so high I don't know okay so something weird happened so I got all of those most of them I think are from my undergrad right it was like 18 and then it was like every semester I would just get more I went to private school briefly yeah okay and then I went well you'll be very upset to know this but in the state of georgia at that time if you had good grades in high school you got four years of tuition for free so i lived off of those i didn't pay for school with them but i also i also worked so like i don't know how else i could have done it but how were you living though like dude in college i lived on the cheap my first couple years the i lived in this

48:54my second year I lived with my friends one of whom actually runs the business helps me run the business here now but we're in these it was four of us in these two micro closets and we all were just stacked to each in these closets the kitchen was a sink and nothing else it was we just live cheap cheap cheap cheap cheap and we got everything off-branded borderline expired food not saying live life in a dangerous way but it took you sixty thousand dollars yeah to live no college expenses just to live for four years i don't think so you could have lived a lot cheaper than that it was that's dumb it was more than four years it took me a long time to finish how many years maybe eight the fuck are you what are you doing you did six credits a semester well it's like no no i was full-time the whole time but i i had to change my major and nothing transfer my fourth year.

49:46Yeah, but that doesn't make any sense. In your fourth year, but it should have been like two more years, right? Because gen eds is two years. So it should have been two years of dedicated stuff for, what, did you change it again after the sixth year? No, then I went to grad school. So total eight years. Yeah, so from 2008 to 2016, I was in college full time. But what happened was... Gosh, your life is full of just bad choices. Yeah. But so all the apartments I lived in, most I ever paid for rent was maybe$400, which is and not very much well when you stretch it across eight years i mean it's like okay i can kind of see it and but but you said you were also working during it so it's like it was just a little bit yeah obviously clearly not enough clearly not as much as you could have but right but i had a lot of fun like i traveled and yeah i was really into backpacking which is an expensive hobby so i just spent a lot of money but i didn't understand really what i was doing but no the What really went wrong was in grad school.

50:4820 ,000 of those loans are just for grad school. And I was a TA, so my tuition was paid for. You're f***ing killing me. I know. That's insanity. The 60 ,000, what? Something went wrong. Oh, my f***. I was under 26 or whatever. I don't, however old you have to be to like be under your parents. So I needed my dad's information to fill out my FAFSA. FAFSA? Whatever. and i went to do it to for grad school right because i had been doing it all along you have to renew it every time and he was like oh i haven't filed my taxes in two years so we i couldn't do it so it's like two weeks before school is starting i need all this money to pay right so i took out like a weird loan and then i used the student loans to pay that off oh my are you kidding me so you took like a private student loan uh and it was like a discover loan i mean this was a long time ago it was like seven thousand dollars but i paid it off here's an example because i want you to be able to retire i know i want you to be able to retire i want you to be able to take care of your kid instead of doing just weird things i'd say you opened uh i like to buy the s &p 500 so we're just doing that example it's not invested advice let's say you opened a muumuu app you know through my links in the description you got the s &p 500 like i do like constantly i'm just like obsessed and buying it that's 60 000 you borrowed let's do 10 because that's its average return by the time you're 59 and a half it would be worth 800 000 when it said you're just sitting here and allow the interest to accrue on their end meaning they're making a giant return off you 70 but i just thought it would just go away what do you mean what the do you mean i think get me they told me after 25 years oh i see what you're saying sure sure but guess what yeah i see what you're saying so that was my plan okay well i didn't know you meant about the plan that you signed up for i see what you're saying but guess what dude the different plans and all these different things they're just they're constantly changing that's the only thing i think i am not against someone with low income being in a low income program that gets forgiven after a while But things like the save plan that just got struck down by the Supreme Court.