The Most Ghetto Financial Audit Ever

24:56How's that impacting? It impacted, destroyed it. It destroyed it. It destroyed it mainly. Okay. And now we're doing another pivot. Yeah. Oh, new pivot. Yeah, because we were making anywhere from$400 ,000, maybe$500 ,000,$600 ,000 a year for the business that we have with the smoke and everything. You didn't see a dime? I didn't see a dime. How's that fair? It's fair. Were you taking distributions? Was he taking distributions? No. Ricky said he would reinvest it, but I believe the profit was pretty slim. It was because - How much profits were there? There wasn't too many because we kept escalating with the business.

25:33Okay, but if there were not too many profits, how many were there? Okay, so. It sounds like there were some profits. It wasn't. Well, you said not too many, meaning there were some. Are you saying there are none? Okay, so there were some profits, but there wasn't at the same time because it kept escalating with the business. So if you invested, you know what I'm saying,$50 ,000 into a bus. Yeah. You know, now I want to try to get that money back. So when we start to get that money back, to try to recoupicate that type of profit on one of the business. How's your perspective here, buddy? This seems like what the f*** did I get a part of?

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27:10It only takes three minutes to check your rates, and it doesn't impact your credit score. If you've been told no a million times, try YReFi. Head to yrefy.com slash hammer. That is Y-R-E-F-Y dot com slash hammer. Or call 888-YREFY78. That is 888-YREFY78. Break free from the high interest trap and get your finances under control once and for all. Ready for a little hammer after dark? Okay, but for real, we need to talk about your, you know, performance. So many guys, which is sometimes myself, neglect our strength and endurance. And I don't just mean in the gym. You need to keep your pelvic floor healthy, and not just so your partner brags about you to their friends.

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28:27It's super easy to use, and honestly, I started looking forward to my little workouts and making progress. After a few weeks, I was lasting longer and felt more confident in the bedroom and out. So if you're ready to level up your endurance and performance, check out Lilo F2S by going to the link in the description box and the pinned comment below and use my code CALEB20 for an extra 20 % off all products and stackable with their current deals to get yours and start your pelvic fitness journey today. Um, four years into the business, I'm hundreds of thousands into this. Hundreds of thousands? What have you spent?

29:02Hundreds of thousands. I don't really see the numbers there, but I'll just take your word for it. but I haven't seen those numbers. Wait, so you actually don't even believe he has invested hundreds? Honestly, I don't. I don't know how when we got the material to be able to stand for it. Is there proof? Yes, most definitely for sure. On paper? On paper and as far as the evidence. But he hasn't seen it. He's seen it. He has it. I have it. He's even seen it in numbers. Which one? Okay, you have the financial reports for everything that we have. Period. Point blank. The ones you sold? How did you come up?

29:37What did you sold that's$100 ,000? Okay, whatever I sold was$100 ,000? I sold my property. I sold my house. For the business? Yes. What else? I sold my tow truck and my 18-wheeler. Okay, so that's not making any money anymore. Did the house have a mortgage on it? I had four 18-wheelers and four tow trucks. You're all over the place. I'm not all over the place. I just know what I'm doing. You're not filing your taxes, Ricky. I didn't file my taxes this year. yes it's june you didn't file an extension you can't tell me what you know what you're doing my life moves a certain way and if you're okay a part of that life is just always filing your taxes ricky yeah filing your taxes and all that kind of good stuff and whatever like that not a lot of people in america file their taxes buddy you're a business owner you have to you're gonna get audited okay let them audit me you can't audit nothing that they can't take from uh-oh ricky or uh-oh kevin you hear that yeah let them audit you yeah that's you excited i don't want to be audited so i'm not scared of the audited i'm not scared of anything that's going really because i mean like all your off paper making money i would actually be actually terrified you've never been in the predicament i am man what do you mean what predicament okay i'm struggling with certain things that destroyed our company when it came to the hemp business yes okay yeah i mean i've gotten canceled before it's kind of similar no it's not the same thing in a different way i mean it's there's different struggles also probably make more money than we do too well of Of course I'm better at business.

31:05I don't know about that part. Well, objectively, I mean, objectively. Some people get lucky. Some people don't. You think this is all luck? I don't think it's all luck. Not at all. A lot of people do hard work. But what I'm saying is that my hard work is better than my hard work. Your hard work is better than your hard work? My hard work. Her dancing is better than her dancing. My hard work is different. That's what I'm trying to say. And then your hard work. Yeah. All that matters in the end is results, though. Yeah. I don't care if you work and produce nothing, then you're still a failure, even if you worked hard.

31:36So we don't judge people based on how much work they do. We just judge them as some results. Just because you failed, you got to come back up and you got to get it again. Sure, but if you failed, you're a failure. Anyways, four years and I still haven't seen a dime yet. Yeah, that's a big deal when you spent hundreds of thousands and he says he spent hundreds of thousands. Did you have a mortgage on that property? Yes. That was my question. Yes. Okay, what was the profit from that property when you sold it? $216 ,000. And you put her all into the business? No. We bought another house. Are you hearing that, Kevin?

32:06He just said he sold the house to put it into the business. Kevin, are you following this? I appreciate you for being truthful, but I think you just f***ed yourself. No, we bought another house, and we have the equity and the property to be able to stand for it on what I spent on my money. And the receipts and everything. Why did you just hold the house and put it into the business? Aren't you renting? No. Renting what? Okay, I must have been a mistake. I thought you were renting. Very much mistaken. There's a lot of things that you don't listen to that you say you listen to that you don't. You know what I'm saying?

32:34They're not listening to a lot of stuff that we actually have and we do. We've never rented anything in the amount of time that we've been together. Huh? Besides a car. I said we've never rented anything besides a car in the entire time of me and Ricky's relationship. We don't rent nothing. We bought everything that we have. Okay. It's my bad. It's my bad. I just thought of something else. He says you don't listen to anything. What does that mean? I guess I get, I don't listen. I guess that's what he says. I just don't listen. Oh, you're a cuck. Okay. You want that as a business partner? I guess he has an unlimited blank check.

33:03ATM. No, nothing like that. Push over too. Why? You got the jawline, you're a handsome guy. I think you can stand up for yourselves. He might take antisocial behavior out on you if you speak up, but... I've never got into him like that. I'm joking. Yeah. I'm joking. You're a good guy, I think. Maybe. I don't know. You might be kind of abusing his finances, but... Really? You're just going to... Is that how you've been this entire relationship? Just a pushover? It's been a lot of weight on my shoulders. Why continue to put money into this? Part of me thinks it's going to work out if I keep pouring more into this.

33:36Okay, tell me how it's going to work out. Give me the strategy. Give me the... How does it work out? Initially, I thought it was because I thought... Okay, you've put hundreds of thousands since that initial. Again, again, again. When it comes to working out this business... He's going to speak for you. Every time I bring it up to Ricky, he assures me that we're going to make millions every single year. Oh, millions, Ricky. And even though our taxes that we made$550 ,000 or$450 ,000 in sales, I just, that's the only indicator that. In sales, but not profits. Yeah. Which I'm really very curious what the IRS thinks about that.

34:16So that's the only thing that's. When you're starting from scratch and you have the business, you know what I'm saying? Well, you head all you want to. I'm telling you. I mean, you're just acting like I did it. Just like you have all this equipment here. You have to buy all this stuff. This comes from somewhere. Yes, but I funneled it with profit. Yeah. No, you didn't. With business. Well, I made sure I could actually pay my bills. Okay. But it took you some time to do it, didn't it? Yes, but I didn't rush in by buying everything and not making a penny. I didn't rush in it either. He hasn't gotten a penny in four years.

34:44You're listening to half of the part. And you're supplicating and you're talking about things that you - Supplicating? Tell me the other half. Okay. What's a supplicate? Okay. Okay. I'm going to leave. You know what? We're going to play word things and we're going to talk about business. I just don't know what supplicate is. You said I'm supplicating. Okay. Don't worry about it. Listen. Okay. I'll move on. Like I said, when it comes to this business and when it comes to the things that we're doing and how you do it, we start from the ground up. And I bought every single thing and put towards this business to make a profit.

35:16With this money? No, with my money as well. And I know that I spent way much more. I came out of my pocket. How much more? At least about over about maybe$150 ,000 more. I know that for sure. What's the total? You're saying$150 ,000. No, total. What's the total? Tomorrow morning is knocking. Stock your fridge now. How about a creamy mocha frappuccino drink? Or a sweet vanilla. Smooth caramel, maybe. Or a white chocolate mocha. Whichever you choose, delicious coffee awaits. Find Starbucks Frappuccino drinks wherever you buy your groceries Total, what we owe? No, no, how much have you put in overall?

35:52Total, what both of us we put into this business is probably at least about$300 ,000 Okay, supplicate is to ask for something humbly, earnestly, or submissively I don't remember doing that, maybe I did Was I humbly asking for something? Listen So what's the other half? You said there's a second half, I really want to hear Other than I'm building from the ground up What's the other half? I need some like information here It takes more than money to run a business So let's for a second take money out of the situation. What are we doing to help the business? Every party that's in charge of the business, me, Kevin, Ricky, without the money, what are we doing to help our business build as far as in website, as far as in making flyers for our price lists, as far as marketing, as far as getting out there, letting people know about our company?

36:37Me and Ricky are the only two people doing that. So what are you doing? I wasn't aware you're a part of the business. What are you doing a part of the business? I do marketing. As far as making our business cards, getting out there, letting customers know about our business day by day, word of mouth, because it takes more than just money. She's the model for our business. Her and her friends are models for our business and stuff like that. Like I said, on our party bus, it's 15 feet high. We have models all across our party bus. How do you? People that know you, they know that the business that you run, right?

37:08Like anybody that would know you, they know that what you have going on. Yeah. Everybody that knows me knows about my company. And it should be the same for everybody that has a part of our business. Like there shouldn't be, if somebody knows Kevin, they should know about the business that he offers. And they should know what services we have. They should know that. But they don't. Wait, what's the point you're trying to make? I'm sorry. The point I'm trying to make is besides money, it takes more than just money to run a company as far as getting out there, talking to people, word of mouth, business cards, marketing, flyers, posting, content, all of that.

37:40The actual hard work and labor. The actually hard work. what's the point that's being made? I'm confused how can we grow and make money if we're not doing the things to make us more money? That's the point I'm making you can put money and money in but if you're not helping marketing and getting your business out there, how's it helping it grow? Kevin, perspective on that it's a lot to take in, I'm not even in the business in person in person, so I'm just out here but that's the same thing that we're talking about just because you're not there in person. Those things can be done from New York or wherever we're not, you know what I'm saying, as far as in like marketing and website designs and pushing things out there.

38:22Do you have insight into the books? Can you view the books? Not anymore. Not anymore. Not anymore? Yeah, we got crashed with Square. Everything was put on Square. Square was not hemp friendly. Yeah. So they closed our account. So it was still primarily hemp until new laws. Yeah, the new laws. Things start to downpour. Cherry, what's your perspective on Kevin? As far as in what specifically? Part of this business and whatnot. I mean, I noticed you talked about you and Ricky, but not Kevin. I mean, Kevin's a great person. Like he has put in a lot, but it takes, like I said earlier, it takes more than just money to help a business grow.

39:02It doesn't necessarily mean you have to be out here with me and Ricky. You can be at home. You can post on our business platform. You can upgrade our website to make sure that all of our services are up to date with the prices as well. You can help us market more bookings for the party bus. All of that stuff. You don't have to be in Killeen to do that. That's what I'm saying. I mean, everyone agrees that it takes capital and labor. That's pretty much what makes a business. And the labor costs became too high. This is the only reason why. Okay, can I have the whiteboard? I am just so f***ing. I'm going to just have, let's have you, Ricky.

39:42Ricky, you seem to be the boots on the ground operation. Sorry, I didn't mean to trigger you for this business. Draw the business, the profit centers, the income. Just like tell me what the business is. For every source of income, you can give me like a percent of what that might be. Just draw out the business for me. I just need to understand something. Okay. So, God damn. You can want to come off. Anyways, so we did have a building. We will let the building go. But when we have the building, this is the building. This is the— Well, I just want to know now. The shop. You want to know now what's going on?

40:16Yeah, I just need to know what the business looks like now. There's an eraser. Yeah. So now, you know what I'm saying? There's a bus. You know, that's goddamn. There's a bus. There's three buses, actually. There's the party bus, and then there's the travel bus, and then there's the smoke shop bus. Okay. You know what I'm saying? Gotcha. We got the smoke shop bus, the travel bus, and the party bus. And then we have a smoke shop car. Car? Yeah, we got a car. Okay. One of them got repossessed. You know, that was a van that we had, which the motor didn't work. It was under my name. The transmission didn't work.

40:54It was under your name? It was at Ico sign for that van. And it was repoed a couple weeks ago. When I wanted some money for free with no responsibility. Okay, okay. So shop car. Yeah, shop car. And then we got another van for the smoke shop as well too. And this was that repossessed, this one? No. No, we had total three. Yeah, we got total three. And then we got a food truck. Yeah. Okay. So a lot of assets. Are there debt on these assets? No. These are all owned cash out. Yes. Why was one repossessed? Because that was the only one we were doing payments on. Why didn't you pay? things got complicated with the whole business because one we made a mistake by getting loans we got a cash advance loan you know we were cash advance he didn't take out like a personal loan business loan no cash advance yeah the personal loan we were we went we went on this business on a whole point first we got the credit card stacking which was fine we got the credit card stacking are you familiar with credit card stacking You know, we got the credit card stacking.

42:02We got at least about, I wouldn't say about$80 ,000 worth of credit cards. Okay, are you talking about just that endless transferring? No, no, no, not the transferring. So we went through a third-party service, and they apply all these credit cards for us. So we went through the first round. We obtained four credit cards at the expense of 12%. Was it 12 %? 12 % is insane. No, no, we didn't have zero down on the credit cards. No, no, no, they're paying for the service. Wait, I am confused, though. How are you guys collecting money now though? Now is a different point. You know what I'm saying? How are you collecting that stripe?

42:36We're still building it. How does income come in? Where do you collect it from? Where do we collect it from? What are you talking about? So stripe broke, right? You're talking about, wait a minute. You're going from one subject to another subject that asks me some question to another question and you've got to stay on one point on one conversation. I can do whatever I want on my show. I know what I'm saying, but I'm getting confused on what you're talking about. That's fine. That's why I'm trying to redefine it. So, stripe doesn't work. How are you making money now? We're making money from the hemp shop.

43:03Yeah, but where is it hitting? Not through Stripe. Where is it getting transferred through? He's referring to POS. Oh, the POS system. I forgot the name of it. I forgot the name of the POS system. So why am I being told it's going through Cherry's Cash App and Venmo? Well, the Cash App, yes. Because we had to start using her Cash App because my cash... You don't have any insight on that. That's true. And how does that make you feel? Dude, if it was going through her... my business partner's fiance's cash app? And we put it through the bank. Which bank? From Bank of America. But that's, is that negative?

43:41It's been negative for the past two months. Well, no, because we haven't made any money. Oh, good. Okay, so yeah, let's talk about the money then. So these are all the assets, correct? Right. Okay. So there's also a podcast. These are all the vehicles we have. Okay, so that's the vehicle part of the business. What else is there? That's the vehicle part of the business. And then we got videography. You know what I'm saying? And this is for events. This is for events. Right. Yes. Yeah. Okay. So we have the same setup you have here. We have - Kind of. You know, whatever. Yeah, I get it. Not kind of.

44:12You don't know what I have, but yes, we have the same setup. Well, we don't go mobile and shoot events, so kind of. I know what I'm saying. I don't go mobile either and shoot events. I do shoot events and mobile. What I'm saying is we have a stationary spot that we do it at. You know, we have a stationary spot where we have our same thing. We do the same stuff or whatever like that. Not on your level or nothing like that, period. We're not competing. That's fine. But I'm saying that's it. Okay. So videography, what else? Videography and that's it. This is all part of the business. Write down on average for each of those what they would bring in net after costs.

44:50Now, like what they bring in? No. No. Now, not wood. Now. Like now they're not bringing in nothing but the videography. Because we just started to. He's still building it up. Okay. So what does that mean? What does it look like now then? If it's still being built up, what's this still building? I understand the hemp one. Like, okay, we can like, that's on hold until we figure it out. So this all got changed just recently. Within three months, everything kind of took a pause and stopped. Why? Because of the hemp business. So the travel bus relied on the hemp business? Okay, so the travel bus in every part of this business relied on one part of the business because it made so much money.

45:28And when it made so much money— So you're saying all of it was subsidized. They're all money losers being subsidized by the hemp business. No, it's just I didn't have enough. I was starting to break off and push more into the party bus, more— Okay, this is what happened. Because it's a long story, and we're going to it in quick ways, and you're asking questions about certain things. Try your best. I'm just saying, okay, far as in the party bus and far as in some of these vehicles and stuff like that and what happened in the situation, the party bus took, I want to say,$50 ,000 in creation and$20 ,000.

46:04That's chunky. Huh? That's chunky. Yes. And it took, because it was originally the mobile studio where we had started at first. The very first thing, yeah. And we changed it into a party bus, and I had put a wrap on there. We had a guy with a dude named Kevin. He ran his business for 30 years. I don't know this guy. I mean, I know him, but I didn't know he was going to take this long with the wrap on a bus. Not this Kevin. No, not this Kevin. Different Kevin. A different Kevin. Different Kevin. He took six months to get our bus back when we had a wrap on it. So it took a pause on that bus. The transmission went out on the, whatchacallic, on the smoke shop bus.

46:45So we couldn't utilize that. So where's the standing on every single one of these individually today? They work now. Okay. So why is no money coming in? Because I'm only one person. We lost a lot of stuff when the hemp business went down. What'd you lose? We lost employees. Okay. But why would the employee for the transportation bus be funded by the hemp business? Because it was the only thing that was coming through. We had just got the bus back. Okay. So what do we need to do right now to get it up and running? Let's say there was employees to run it. What would they bring in on net? What would they bring in on net on a party bus?

47:19Each individual item there. Not the hemp, obviously, anymore, but what would they? On a monthly basis or weekly basis. What was that first one, S? What's S again? That's the smoke shop bus. Can we still do that today? Yeah. Okay. What would that bring on a net if you had the employee in place? A net after expenses. Monthly? Are you talking about? Yes, monthly. Monthly after expenses. You're talking about we run it now, had all the stuff that was in there. you're talking about maybe $25 ,000 a month? Does that sound right, Kevin? You did the taxes. I don't see that hit in the checking account. Listen, we have that hit in the checking account for almost two years.

48:00Things are being run through her cash app right now in Venmo, right? Things are being run through her cash app in Venmo right now, right? Transactions? She don't have Venmo, but yes, cash app. Would you let Kevin see her cash app? We do. Yeah, but all the business stuff isn't just on Cash App. I have other personal things that I get Cash App for. No, that's fine. But he would see the business stuff. Yeah, I have no problem. Will you show him everything? Can he see it? When they have a meeting every day, and Kevin talks to Ricky about numbers. So I'm not sure how he didn't see it when they have conversations every day about numbers.

48:30That doesn't make any sense. We show him the Cash Apps. We send over the things and stuff like that. Because if he never saw any numbers, why would he still be here this long? I haven't seen any of the Cash Apps. He hasn't seen it? He's seen it. That's crazy. Why is he saying that? The thing is this. We just started using her cash app. It wasn't like it had been like. It wasn't the whole time. It wasn't the whole time. I know. When? When did it start? They shut down our cash app and they shut down our square. What do you use now? That's why we end up using hers. And we switched over and we had to use another POS system.

48:58For how long, though? Like three months. You're saying you haven't seen anything in three months? No, I haven't. That's why. Okay, can he see? I mean. Yeah, you can reach. She doesn't want to be on camera. Take a look. Which transactions are which transactions. That's what I'm saying. No, I know, I know. He can ask for clarification. Take a little look through. Ricky's right there. Take a little peekies. Yeah. A little peek. Okay, so let's say$20 ,000. Great. Transportation bus. What would that bring in while Mr. Kevin goes through and looks? The transportation bus can bring anywhere from, let's say.

49:30Nat, after costs. After costs,$10 ,000 a month. Okay. That would be lovely. P, I forgot what P is. Party bus, yes. What does that bring it in? It can bring anywhere. After cost. Only Killeen, by the way. About$15 ,000. No, out here in Austin. It's in Austin. It's right around the corner. It's actually right around the block. The party bus and the food truck. I mean, there's a lot of transactions. There's a lot of food, shopping, gas. I mean, it's hard to keep it organized. Which, by the way, your CPA is not going to like, and IRS certainly won't. personal and business all being collected in one.

50:08I couldn't stop. You know, we didn't make the cash app stop. We had to make a pivot to sit there. I know, because you were doing business that was illegal in Texas. So, okay. Okay, do you believe these numbers? Because he's saying net, you guys can make, what is that? 40 ,000 hours a month. Look, I look at the numbers on our checking account. It has never exceeded$4 ,000 balance. So why? Okay. Why does it ever exceed 4 ,000 if you're saying just those three, you can bring in 50 net. Net is after costs. Okay. That is, you're saying, you're talking about suspicious Terry type numbers that can be done now.

50:49Huh? What kind of numbers? If we had them. Oh, these were the numbers that would make it. Would make. Yeah, if you brought them up today. Yeah, if I had the money to do all the stuff, that would make it. What do you need? To get this done? Yes. Probably like 50 ,000 to get that done. You ready to put in another 50? You know? I mean, I don't. No, no. Why don't you? I thought you're a big asset, big lots of things. Yeah, I got a lot of stuff going on, but I don't have no cash. If you're so confident in it, borrow against your home, put 50 in it. We did that already. I have so many stuff. I thought you said he had equity.

51:21We do. There you go. But what I'm saying, I already borrowed against it. He does have a plan to acquire more capital. Yeah. What's the plan? So the same thing that he did with the credit card stacking and stuff like that. we already have in plan with people to be able to, myself, her, and one of our other business partners to be able to do the same thing with our credit cards and be able to alleviate. The thing about it was we wasn't able to get an SBA loan. We wasn't able to get an SBA loan. Oh, shit. This is a mess. It wasn't a mess before this all started. Before this all started, it wasn't a mess.

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53:11That is Z-O-C-D-O-C.com slash Caleb. ZocDoc.com slash Caleb. Thanks, ZocDoc, for sponsoring this message. Let's get back to the video. Merry Christmas in July, you jolly motherfuckers. To celebrate, I'm giving you Master Your Budget, Master Your Debt, Master Your Investing, and master your real estate, all of it 50 % off. I've worked with a team of experts to build the best courses on the planet. Create a budget that gives every dollar a job so you never miss a cent. Get out of the endless minimum payment prison and take control of your money. Learn how to actually invest without losing your ass or your savings.

53:50Getting into real estate, I'll help you avoid the money pit and get more profit. And if you're unsure where you stand, And shame on you, but your luck. My newly revamped Hammer Quiz. In just two minutes, you'll know just how naughty or nice your finances look. And if you've taken it before, look out for some new and huge improvements. Oh, and I have a special surprise for anyone who takes the quiz. Click the link in the description to learn more. Take the quiz, take advantage of 50 % off, and finally, unf*** finances for good. I can't. It's not significant. Okay, so what are we talking about then?

54:26As far as not significant, we have the numbers. And you know what I'm saying? It's showing in there. If you have the financial paperwork in our bank account, we had the numbers showing that we were making$25 ,000 to$30 ,000 a month that we're alleviating going to the account. We were just paying employees. We were paying employees, buying things from the company, running the business. When you're not there physically, when you're not there actually. He said he didn't have to be. You can see it on the computer. He wasn't looking on the computer on the square. Why would you look on the computer?

54:53It's there. All the sales were there. Everything that was there. Why'd you trust this guy? Oh, that's a... You trust me plenty of times. Why'd you trust him? To invest a couple hundred thousand dollars, dude. You a couple hundred thousand dollars? We had multi-millions in the S &P 500. No, I could have been a millionaire. You did? Yeah, why'd you trust him? I was naive. Why? I was 26, 27. Oh, shut the fuck up. None of us do this at 26, 27. I guess I was really persuaded and convinced that we would make multi-millions. How did he persuade you, though? Because it's the truth. Objectively, no, not yet.

55:32I wasn't expecting for the hemp business to fall. I wasn't expecting for it cash-up. But if you get into a risky business, you kind of understand, right? I didn't expect for it to fall. I didn't expect for the laws to change. You know what I'm saying? Really in Texas? I didn't expect for it to change. Tim Paxton's been pushing for this forever. Man, I don't look at this stuff like that. You don't look at the stuff that impacts your business? I do look at it, but I'm saying I didn't expect it to change that harshly. That's who you're investing in. The guy who doesn't look into the things that impacts his business.

56:01You got sold great. Okay. Nobody expected it to happen. And it's more than just me. Actually, I did. I've been following that. They've been trying that. Actually, they've been, okay, he's 26, 27. You're 30 now. They've been trying that since you're 26, actually. I've been following it for four years. Geez, Louise. I know over 15 different businesses personally that have spent hundreds of thousands just the same as I've done that fell under just because they changed the laws. Yeah, but they bet on the risk. Yeah, when I did too. But you weren't even informed on the risk. I was informed on the risk.

56:30You just said you didn't look into it. I'm saying like I didn't think it was going to go change like that. So you weren't informed on the risk. I was informed on the risk every day. He even reminded me about the risk. What? What the f***? What am I dealing with here? He can't say he's informed. How much money did we pay back, Kevin, on that loan? How much money was it? The one that we fully paid back? Do what? We paid back on the loan. It was like$60 ,000. Oh, we took a small, what's it called? And then we paid back every penny, the whole thing. We took like a small business loan from you. The reason why we never saw any significant money in an account is because we took a loan.

57:05And so this is what it is. We took a loan and we were paying$1 ,000 a week. $1 ,000 a week on loans that were coming through the account. We're making them. Never miss the payment. Set up there and made $1 ,000 a week every week on this account. You know what I'm saying? Then we're paying another$3 ,500 in credit cards every month. Then plus the employees. Then plus the mortgage. Then plus the lights. Then plus all the things that it takes to run the business and be able to apply the supplies to be able to run the business. I understand that but that's what went to the downfall. And what happened after that, after we sat there and paid off all the loans, It was a financial freedom that we're going to go stand ahead.

57:44Then took on his head to put all the credit card payments, which they were all spread or spread it around through the month. You know, where we how we subjugate and how we make how we make money is how we separate and put the money in our accounts. We're making 400, 500, 500, 300, you know, every other day. And what happened after that. Such a mess. OK. You know, he put all the payments into one day. He took on way too much risk, way too much debt to fuel this thing in an industry that if you did any research, you would know that Texas was trying to change the law on. This was just uninformed, moronic behavior across the board.

58:26Come on. Dude, I don't smoke weed, but I follow basic Texas news. And I followed it too. He just said you didn't follow it. What I'm saying is that after it started changing, I followed it. I start seeing what's going on. But not that they're trying to change it years ago? Look, the thing about this, we can't help but to sit there and find out what's going on because the suppliers that I'm getting it from are telling me about what's going on. Just follow the f***ing news. I get it from the Austin American Statesman. It's also because it's probably one of the most... Or K-U-T. It's probably one of the most generating income upstream better than whatever we had else going on.

59:01Oh my. That's why all of our eggs aren't in just that business. That's why we have multiple different things. So if the hemp did cut off, we still have videography. We still have our podcast. We still have photography. We still have the party bus. We still have the food truck. Which is it making? None of those are making. We own it. What are they making right now? Right? We just pivot and start to change and make more from it. What is being made right now? Can anyone answer this question? What's being made right now with the company, with those buses and everything right now, we're making anywhere probably about$5 ,000 to$6 ,000 every month for it.

59:40Does that sound right? I don't know. In videography, what's being made? Yeah, that sounds right. Okay. Yeah. I don't know. Okay. That's a lot of money for three people. So profiting,$5 ,000 to$6 ,000? No. Breaking even? Breaking even. Losing? No, not losing. Congratulations. What a return on investment. What do you think the financial score would be for your business? Zero to ten if you had to rate it today. Zero being the absolute worst, ten being the absolute best. The financial score? Yeah, if you had to rate it. It'd be a two. What would you rate it? About four. What would you rate it?

1:00:21I haven't gotten a dime, so it's zero. If you want your Hammer financial score, get it for free at CalebHammer.com. Figure out where you stand in the world of money, where you're doing great, where you're doing poor, and what you need to do to become better. Check it out. and if you don't want to be like morons that show up on this show, no offense, love you guys. You guys are great people. I think maybe, actually, I don't know you like that and I can't say that. Just make sure to download the DollarWise budgeting app. Sign up for it. Take the free trial. See if you like it. Most people do. They sign up for the annual version and when you do, you get the budget-friendly meal plan signed by me mailed directly to you and the digital version of the cookbook for every single recipe.

1:00:57Check that out at dollarwise.com or just download it in the app store of your choice. I guess we got to get out of the paperwork, man this is what a mess what an insane stupid ass mess how much does the videography make in a month on a month um i mean i just started roughly just doing it hardly like right now so everything just like nothing's ever being done it's like now okay what about the photography i don't do photography i do video she said photography i do it but not like that not for money it's just for our personal little things for our websites. Okay, the podcast. You know. What does it make?

1:01:35We're not monetized yet. Where do you post your podcast? YouTube, Instagram. What is it? Hey, you got over that 1 ,000. The first 1 ,000 subscribers is the hardest. Yes. I've seen a podcast. Let me guess we're just starting that as well? No, we're not just starting it. I had Kurt Cobain's. I had Lil Flip. We had. Charleston White. Charleston White. We had a bunch of different people on there. which is to haven't been posted much videos. You got Kurt Cobain. You haven't... It's on there. You just have to scroll. It's on there. The one that's like dead? No. It was a rapper. Isn't that the guy who like did Nirvana?

1:02:15No. That's a different Kurt Cobain. It's the one that people know. Yeah. Wasn't it Kurt Cobain, right? It's Kurt Cobain. She sings Drink in My Cup. Yeah. Okay. Which is uploaded on this channel? Yeah. Okay. Let's see. Most popular video. Let's have it sort by most popular. It's taking a second to load. Okay. With a little flip. Yeah. 2.2 thousand, two years ago. And you invested in this.

1:02:43Also, it's 14 minutes. It wasn't like we were paying him It was like Kind of like On a whim You know He was going to help us out And put us on there And stuff like that Oh Assessment Of the 55 minutes I know you guys so far You said 55 minutes You've known it so far The assessment You're going to give us an assessment Assessment based on the 55 minutes I have so far Yes You know You're all talk That's it And you're a leech And you know nothing And you're a cuck Everyone's pathetic in like a different way here. Except for you, because I can't say that to you. I don't know how we're pathetic, or I'm pathetic.

1:03:24My business is doing well. Takes one and no one. It didn't. That's what you got? After your 30 seconds of pause? Takes one and no one is what you got? Yeah. I'm rubber your glue is what you got after 30 seconds of what I said? You're rubbing my glue. Huh? My glue? What? Yeah, I didn't hear what you said. No, the best thing you got was a middle school comeback? Maybe. Oh, she is a stripper. But anyways, like I said, when it comes to the business and whatever. Oh, she had a delay. What was that again? Everyone says that like it's an insult. It's not an insult. No, it's just I don't expect much more.

1:04:01It's not an insult. No, no, no. It's a compliment. I love strippers. I see them all the time. I bet. They're lovely. Not usually respected for their intelligence. You just got to talk about lotion and rubbing yourself and everything like that. I don't think. Are you talking about lotion? At the beginning of this podcast, you was talking about lotion. I'm not ashy. What are you talking about me and lotion? I don't know. What? You the one said it, not me. Lotion? Yes. What are you talking about? You were talking about baby oil and some diddy stuff, man. Baby oil, diddy. Diddyography. Yeah. Diddyography.

1:04:31Yeah. Because you're half the time inaudible. That's what I thought I heard. So, yeah. I don't think you go to strip clubs. But anyways, it was all in the business. I went with everyone in this room. Anyways, when it comes to this business, you can say successful or not, I know where we're going to be successful in this business. It's always going to be, after he put hundreds of thousands in for years. And I did too. I have a lot relying on this business. A lot. I'm sure. But you have her supplemental disability, of which we can't say is for, for being a cook. Like I said, I put most of everything that I had in this business.

1:05:07I love veterans. Veterans are the best among us. They are literally, we have the United States because of the veterans, but we know for a fact on this show's history, they're not a sacred cow. We can't just be like, no matter what, it's all good no matter what. And when we've had literally over a dozen people on the show basically brag about how they're getting fully funded disability for something that didn't happen. I don't rely on her disability to do my business. But you guys can. So you know you can take more risk because you know you can fall back on it. in the end. If we all have a big safety net, we're able to take more risk.

1:05:43That's a basic reality. Her safety net doesn't recall me in doing anything that I'm doing. Well, your fiance, you're about to be married, so that will be there. I don't rely on that. That's not the top of man I am. You don't rely on it right now, I know, but it allows you to take more risk. That's not the top of man I am, and you can't tell me what I'm doing. I don't rely on no woman to help me with nothing. It's a little sexist. That could be sexist all you want. I don't rely on a woman to help me with nothing that I do with my business. Period. Point blank Except that money's there So you're able to take more risk Because you know If everything were to go to shit You can fall back on it That's what you say But I don't rely on that Well that's what the numbers say No, the numbers don't say that I take care of my stuff I don't Thanks to his hundreds of thousands So I guess you're right You didn't use a woman You didn't listen That's what your problem is You're just sitting there And listen I told you I had a tow truck company That makes this money Where I can make something I don't put on books You said I had Why would you not put it on books?

1:06:33I still have my tow truck If you're not putting it on books That's illegal I sold. I don't care if I give a f*** about it being illegal. I make my money. Well, that's... You know what I'm saying? I'm going to make my money the way I need to go. I'm not selling drugs or nothing like that. Wow. I'm going to make my money. If I have to escape some taxes to be able to run my tow truck, to make some money, to get my company going, that's what I'm going to do. Okay. So, disability for an unknown disability is a cook and tax fraud. Yeah, ain't no f***ing tax fraud. What? You just said! I'm going off of your words.

1:07:02I'm not making enough money to sit up there and make tax fraud on my tow truck that I'm running. You said you made$200 ,000. That would be enough money. Before we start running this business, I'm one running the truck. I can't sit there and run that truck at the same time I'm doing this business. I'm the only one running the truck. So anytime I need some money for this business, yes, I will go take a call for a tow. Yes, I will go sit there and go tow a car. Yes, I will go repo a car to make some cash to be able to go buy product. Yes, I will go do third things. I'm not saying you don't work hard, but I am saying for this business and looping someone in to give all this money, put away the bits and everything that I've been doing and the jokes and the hee-hee, ha-has.

1:07:40You are all talk. I'm not all talk. You've been for him. No, I've actually told him what to do as far as in what you do. He's made less than a penny on his return on investment for hundreds of thousands of dollars. And that wasn't— And he's been sucked in due to the talk. Come on. It wasn't sucked in due to the talk. Kevin has it? We lost because of structural things that happened to the business. But before that, he didn't make a penny. Before that, we were still building. It's forever building with people that are all - Forever building with that. You don't know if we're not running the business that we're running.

1:08:11You're subjugating and putting things on - Subjugating again. Not again. Man, look, listen. Look here. Look here. Look, listen. You're sitting up here talking about some things that you don't know no business about. Period. What are you talking about? You're talking about, hey, you're sucking him in and not running the business. I'm running the business Like I said I'm giving the perspective Based on the 55 minutes That I've had so far I know But you do Your 55 minutes You've listened so far You listen to 5 minutes Of conversation And you don't know The structure of your business 5 minutes I've been listening to you a lot You've been rambling buddy You've been controlling The conversation No you've been rambling You've been asking questions And separating Just a good comeback To her You've been separating Conversations And putting a conversation Here there there I'm trying to learn As much as I can You can't learn anything Because you don't listen Oh my gosh What have I not listened to You don't listen To the rest of the conversation What have I not heard When I finish, I have a sentence going.

1:08:58I'm telling you about the business. You don't listen to it. You're interrupting the conversation. You say something about the numbers. Ricky, what have I not learned? What have you not learned? Yes. How the business failed. No, I 100 % did. No, it didn't. It failed more than just with the hemp company. It failed because the bus couldn't come back, because the motor went out inside the truck, because a lot of things happen with the business, between things getting stolen, between things messing up between the business employees. People got to fire back and forth. It wasn't just that. You're not running there.

1:09:30You didn't listen long enough for me to ever tell you. But you didn't listen to anyone who's ever been a successful business owner once in their life because you know if you did, you'd have a proper business emergency fund. I listened to a bunch of people. Well, then you listened to a bunch of... I didn't listen to a bunch of people. I listened to people that are doing more successful than me. And they helped me structure the business. Clearly not because you would have an emergency fund for those things that would happen for your business. I did have an emergency fund. You wouldn't be going into a new asset in cash every single time without having an emergency fund to cover six months of that thing being broken to make sure your employees can have food on the table, to make sure that you can replace a motor.

1:10:02You don't have assets that generate your income without the ability to fix it. And we did take care of that. You don't know what I'm saying. We did take care of that. You just said the consequence of it is it all failed because of that, because the motor broke down. Now you're saying you could have taken care of it? What are you talking about? You're kind of ditching yourself. We took care of it. No, you didn't, again, you don't know the inside of the business. Give me the inside. I'm telling you, when the motor broke down, we took it to a mechanic shop. Guess what happened to the mechanic shop?

1:10:24The guy did not give me back the truck for three and a half months. It wasn't our fault. So you should have had an emergency fund to pay the employees that three and a half months. We did. Then what was the issue? We spent the money that the emergency fund went out and depleted. Did you have an emergency fund? Because you've made zero dollars. No, I had emergency fund. And I paid out of my pocket for my employees. I paid out of my pocket. I also pay for the employees. I wired you 50-ish grand and you use it to pay off the employees a year ago. Yes, we paid off the employees, but we also put$20 ,000 down onto the building that we were buying.

1:11:02We also put, we also paid for the wrap that was on the bus. You know what I'm saying? And then we paid for the van that was coming out to the shop that took too long. That's where all that money went to. That money went structurally to every spot and everything that we needed for the company. Why were you evicted from the building then? I didn't get evicted from the building. We left the building by our own choice. to save money. Okay, I don't know. I was just told you were a victim. It was stellar refinance and we weren't able to make the monthly payment. I can make the monthly payment. I was able to make the monthly payment.

1:11:32I did make the monthly payment. We had the money to make the monthly payment. I told him specifically we're not going to pay another monthly rent because we don't have all of our full employees. We don't have all of our full product. It does not make any sense to pay the rent for the next month if we don't have the things to operate the business with. So I asked the financial owner. I said, Hey, look, you can keep the money that we have, and I'll take the loss. We're not having that money back. But give us a couple months to come out on this business unscathed so we can be able to leave because we can't handle the mortgage anymore.

1:12:02On the personality side, I've met a lot of people like you. I have family members like you. The reality is, and it has to come down to some pride. You've never met anybody like me. I've met a lot of people like you. You're not unique. There's nobody like me for one, period. Yeah, of course. Uh-huh. Yep, you're totally unique. No one's like you. Yes, nobody's like me. Wait, what's the point? The point is, you have a lot of pride. And for some reason, because of that pride and because, like many people like you, you can never be wrong. No, I'm always wrong with a lot of things. Not once in this conversation.

1:12:32If you can tell me something where I can do now to help my business, I'm willing to listen. But you can't tell me nothing. But you can never be wrong from anything that happened in the past. I was wrong for a bunch of things that I've done. Nothing we've talked about in this conversation. Because we didn't go to that conversation. We have. We've been here. No, we have not. It takes more than 55 minutes to sit there and go into conversation on what I'm wrong for. There was some mistakes that I made in this business on things that I was doing. One, I should have stayed. Shut the f*** up on that.

1:12:58That taxes wipe people's shit. See, he can't be wrong. He can't be wrong. He can't be wrong. We pay taxes and whatever like that. There's more than paying taxes when running a business. We're sitting there hustling. You don't sit there. Man, you don't know what I've been through. Just because it's a hustle doesn't mean you get to break the law. It's not breaking the f***ing law. To not pay taxes, yes it is. He does breaking a law like that, but what I'm saying is that, man, you're taking the subject to be right or wrong in a situation. What? It's just the law. You pay your taxes. Okay. We're paying the taxes.

1:13:26We're talking about one year. He's doing off books income. Okay. Yes, I am. That's wrong. Admit it's wrong. Yes, it's wrong. Thank you. I never said it was right. You were justifying the out of it literally seven minutes ago. I'm not justifying the fact is that I'm not paying taxes. You literally did. Rewind it. Why would you not put it on books? I still have my toe stroke. I don't give a f*** about it being illegal. I make my money. Shut the f*** up on that. That tax is white people's shit. See, you can't be wrong. Okay, anyways, like I said, me not paying taxes is me and my hustle for me to be doing what I need to do.

1:13:56And a lot of people are doing it. And I'm doing it. Does it make a right? I don't give a f***. Okay, that's a bad thing. I don't give a f*** either. You're a bad person. Yeah, let me be a bad person. I'm the bad person that's going to sit there and do a right. And we should probably put you in jail for tax fraud. No, nobody's going to put me in jail for no f***ing tax fraud. I'm not making enough to be tax fraud.

1:14:16Like I said I sit up there And run my truck When I need to To make money When I need to make money I go make money To be able to run my business It's been I need to look at some Statements I don't know what the I'm looking at This is so much I just need to Listen Apparently I'll never Have enough information To have any context On this business To determine Whether or not The business that this guy Has put hundreds of thousands Of dollars in And made zero sense Is successful or not I didn't ever It was mistakes that I made In the business For one, we should have never— Kevin, I'm sorry. We should have stayed mobile.

1:14:49That's one of the mistakes we should have done, period. So Veribank, what is this? What am I looking at? Can someone tell me? Okay, so there's a total of nine credit cards, and Veribank's one of them. We all use the cards for similar reasons, for the smoke shop inventories, for other utility bills. But Veribank, that one's one of the smaller credit card limits. Are you going to say I came after you? that's why you're so verbally abrasive? No, I'm just being stupid. Because that was your excuse for why you got physically confrontational with people in the past. Where I'm starting to think that you get...

1:15:23Is it confrontational with people in the past? Like who? Oh, verbal. Verbal. I didn't never get verbal. Apologies, verbal. I didn't never get verbal with anybody. Even with the guy he's talking about. He answered that question. I never got verbal with him. Did he get verbal at all? Not with my CPA. No. But with the staff nurse at the clinical trial study. Yeah. Okay. Well, listen, you owe$3 ,082.38 with a minimum monthly payment. Oh, there's fees. Minimum monthly payment,$86.61. What's their fees, Kevin? Late fees. Unpaid fees. I said we have nine credit cards. Three of them have already been canceled or closed.

1:16:00I'm glad I have you here. You're my quant. And yeah, you'll see a lot of the credit cards, they all have late fees. That's not very good. No, it's not good. Why are you late? It's all undermined. Because you don't have the money. But I thought you said you. Well, you're asking a dumbass question. Why are we late? I don't have the money. I'm asking a dumbass question because you're dumbass. I said you would drive to go make the money to make the payments. Yeah, I make the payments for a lot of different stuff. There's more than what's the credit card. Just not the things on the business. To keep the business running.

1:16:26So that seems like a dumbass decision. No, it's not. I'm going to pay a credit card before I pay the gas to do the party bus. All me. Oh, that's very selfish of you. I'm glad when the things that don't directly impact you, you won't go work hard for. I'm working hard to keep in those credit cards. He tells me he works 50, 60 hours a week. I'll get you a course career certification when you're ready to go get a real job. Sounds good. You said no? Ricky doesn't want to. Ricky doesn't work for people. He works for himself because he's a boss. Well, he makes zero dollars. He's not a very good boss.

1:17:00To you. Well, to the little numbers on the paper. Also, bosses pay their taxes. Sounds good. Keep playing with your Apple Watchers. You're adamant about this taxes shit. Yeah, that's a weird thing how that works. Yeah, okay. I mean, how is he a good boss? Wait, didn't he lose all his employees? About 30 employees. She's doing the middle school. I'm just going to ignore the person talk to me and play with my Apple Watch. We had 30 employees, 2025, but we lost most of them. That sounds like a pretty good boss to me. She's staring at the ceiling now. Okay. We had to lose. She can't defend it. We had to lose the employees because we had to take, you know, certain pivots to be able to change the certain parts of the business because we wasn't making as much money.

1:17:40So we had to. Some people are still there, but we can't pay them. And a lot of people— We pay them commission-based for the most part, not hourly. Okay, can you guys pause for a second? Pause. Take a breather. I think she needs to calm down. She might need to do a couple dance routines. One second. I'll be right back. Oh. Mark, are we filming? Hi there. Everyone, come in behind me. Oh. Come on in. Wow, this has never happened before. Get as tight this way as you can. Okay. All right, everyone be quiet for a second. Okay. Okay, so here's my employees that are in the office right now. Some are on lunch, but that's okay.

1:18:15Here's some of them. Employees, if the business, I was just like, you know what? We're actually going to just do a quick little, what was the word he used? Change of direction. A pivot. A little pivot, and you guys all just lost your jobs. Would I be a good boss? No. Fuck no. Terrible boss. Now, would it be a very good boss activity? No. So how the fuck are you a good boss? Thank you. You suck with money, so you download a budgeting app. You start with the classic one, Wynab, but everyone just deletes it because it's way too complicated to use. So you go to EveryDollar, that's Dave Ramsey, the personal finance guy, right?

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1:20:13How the f*** can you say you're a good boss? How could the stripper that needs to go get air because the stressful conversation of being off camera and having someone push back on her once in her life for the first time ever, um, say you're a good boss? Because I am a good boss. Okay. Very good. He stands on it. That's insane. How? They all lost their jobs. You You know what I do to take care of these people? The f***ing shit we do. I don't even, I'm sure not everyone has the best opinion on me. You know, the bosses, who knows? You know, all that good stuff. But it doesn't matter. The f***ing sacrifice shit.

1:20:46The absolute investment we do into this business is crazy. And I did the same thing for my employees. And they're all gone. And I guarantee you they'll come back. Kevin? They're young. Things can change for the better. or I never had a bad employee that never if we were to call them right now they'd be like yo Rick's a good guy I'm not saying bad guy bad guy's different they'll say he is great he's a great boss I don't have I don't have any of them I don't know sometimes you call the employees where you at and they're not on time they don't count the money's right that doesn't make me a bad boss yeah it does it's a bad leader what for them not being on time yes okay well yeah if they're repeatedly not on time they wouldn't work there anymore that's basic that's actually very basic they do that at McDonald's and then that's what happens with most of the employees that don't come in they get recommended when it comes to they get recommended, that's good every time I visit the shop it's always a new face I've never seen before it's never the same employees well there's one or two here and there but most of the time I've never seen them I've never interviewed them or that matter, not that I would care Do you feel like you took advantage of this man?

1:22:01Because he's a sweet, handsome Asian twink. I feel like he was just taken advantage of. And I even did a racist accent of him in the beginning. And that was very offensive because now I feel bad for him. Taken advantage of, no. Really? No. Because all these credit cards are on him. You'll go work to pay your bills, but you won't work to pay the credit cards to the businesses. When you say pay my bills, the bills that I'm paying are for the business for me to keep it running. But not the credit cards of the business. Okay. Not the minimum monthly payments. I have to pay for the business to keep alive for us to be able to pay the credit cards.

1:22:32But it's$86. $86 for what? It was the monthly payment in the Virabank. $86. We wasn't missing any payments. Like I told you before. Hold on. Listen, listen, listen. The thing is, you missing this whole conversation and all this thing before. That's right. I apologize. I've missed everything. I never missed a payment before. He put all the credit. Listen to what I'm telling you. He put all the credit cards in one day. It's hard to keep track of nine credit cards spread out throughout the month. He put them all in one day. I told you in advance. So it wasn't just$86. And you were fine with it. It was$900, maybe$1 ,500,$2 ,700 that was coming out of the account in one time.

1:23:10Okay, American Express, the minimum was paid on this. Yes. Was not on Fairbank, but was paid on this. It is$3 ,621.50, minimum payment,$1.78. Like I said, they all got moved on one day. when they were spreading around during the month, we made them fine. When they got moved in one day.

1:23:32Okay. Maybe. Potentially. They were paying fine. We never missed any payments. Okay. Is that true? Because that's your credit. Is that true? My credit score has changed a lot. Oh, that's interesting. Is that true about the payments not being made? The payments were being made for years. We never missed a payment. Oh, by the way, spoiler alert. I brought in all my employees that were here and I asked if I made a change in the business and they all lost their job, if I would still be a good boss. They said no. So he would actually not be a good boss, but you said he was a good boss and that's incorrect.

1:24:01He's not their boss, so. What? He's not their boss, she said? So that would pertain to him. I don't really care for their opinions. They're opinionating on you, not him. Opinionating on me? Yeah. Wow. I've never been opinionated on. Yeah. Sounds messy. Like I said, when a credit card got... Like, what's that? That's the most insane shit I've ever heard in my life. When the credit cards got moved, that's when the problem happened. When the dates of the credit cards got moved, that's when the payments first got missed. And it continuously gets missed. You said that already. I got you. I got you on that, buddy.

1:24:37I got you. Okay, blue business. Wait, is this the same card or is this a different card? We have three American blue business cards. Oh, my death. Okay. On here,$2 ,091.83. Minimum monthly payment,$1.27. interest no fees new charges we're spending what are we charging on square paid services that makes sense we're not paying for that anymore now though right no good yes please cancel that interest is accruing of course these balances are substantial yeah i mean i'm sure it's like the credit usage that is destroying your credit okay here's the the third blue Okay. Okay. I mean, this is$24 ,000 and$405.31 with a minimum monthly payment of$2 ,704 plus fees.

1:25:35Okay, he's missed every month this year so far. I thought we were only late one time because they moved things around. It just turns out when we get to the big balance, You're just not paying it. No. Oh. That's when it got, when the payment got missed is because he moved them all in one day. Okay. But so he's done that every month this year? Before that, we were making all the payments. Like three months. So every month this year, he's done that. No, I'm saying that - You've missed every month this year. Listen, when they got moved, they were moved permanently. I got that. To that one day. Why didn't you then address that after the first miss?

1:26:09I did address it. It was no changing. So why is it missed every month this year? Because we can't pay it. Well, that's the real answer. Thank you. Well, I'm saying we can't pay a big lump sum of payment like that. But that's the actual answer. Why did you tell me it's because he moved the date? No, you just couldn't pay this. No, you're not f***ing listening. The thing is, we moved the date. We already had these credit cards for years. We had the credit cards for years. I never missed a payment. Okay, no one's debating that. I'm saying after he moved it, that's when it changed. When did he move it?

1:26:37What is it? Three, four months? The first payment we missed. No, no, no. When did he move it? I don't remember. When did you move it? I can't give an exact date. Three, four months? Okay, three, four months ago. So we're talking March? And why was it missed in January, February, March, April, May? We didn't miss anything there. It's funny. It's been enough late fees to be every month this year so far. We probably got late fees, but it was paid. Okay, but you were late. Okay, late, but it was paid. I don't see his credit report, so I can't say 100%. But I mean, it's insane. It's going to be thousands by the end of the year.

1:27:13We've still paid it. Interest and fees. I didn't never miss. I never missed the payment. I didn't never say it was a lot late. I didn't never miss a payment. I made all the payments that was paid. Okay, so W. Oh, that's a car note. For the business? For the, yes. The car that got repossessed. The Sprinter ran. That we spent too much money on. Driving Nissan Altima? Hmm? Driving Nissan Altima? No. Just making sure. Where do you drive? I mean, I don't have a personal vehicle. Camry? Used to. What do you drive? Dodge. Charger? No. Hornet. Oh. Am I missing something here? I don't know. Racism. Oh.

1:28:00Oh, looks like an SUV. Okay. So, I mean, you only owe, oh. You only owe 1 ,683 to get off your credit. Whose credit is it on? mine. Always you, huh? It's always me. That sucks. I wish any of the burden fell on your business partner. That doesn't seem fair, does it? I have nothing to say about that right now. Oh, that's interesting. There's a bunch I can't say about it. It's just that the fact is that if I had the credit to do it, it would be the same thing. It was a couple things that happened with me on my credit that had a problem. He has a bankruptcy on it. That's not very good. Yeah. And that's what the main thing is.

1:28:43Why'd you declare bankrupt? So, like I told you, I had 18 acres of house that I had. And when I was getting out from the property, you know, and I declared bankruptcy because the fact is I wanted them to stop because I needed more time to sell to this other company. So I declared it. I didn't file. I filed it, but I never went through it. I kind of just filed it. And I went and sold the property after that. I just wanted to stop them from what they were doing before I could be able to sell the property. What's the Bank of America? That's the main business checking account. You get$511. You can't...

1:29:16Hey, just objectively, not a good boss, not an owner if your bank account balance is negative for the business. Okay, she finally agreed with something. Yeah. Right? Okay, she agrees with this. She thinks you're a bad boss. Finally, she agrees with it. Okay. This is objective. This is just a f***ing number. This is an opinion. This is a number. You are not a good business owner if your bank account balance is negative. Thank you. For f***ing sake. We're zelling our money. So who are we zelling? That goes to, what's that, Arcadia? Arcadia, where you get your inventory? Oh, yeah, yeah, yeah. Okay, so inventory.

1:29:54Merchants, merchants. I will say, at least it's, I mean, business shit. Verizon, two 206 payments. Verizon is our internet. No, I got that, but two 206? We were probably past two in the previous month, huh? I don't think so. I don't know why I say that. Of course, we're getting overdraft like crazy. Then Amazon, Amazon, you know Walmart, Spectrum Mobile. I'm pretty sure we had like over 30 overdrafts. Oh, yeah. Yeah. Oh, it's not good. FNBO, what's this? That's another credit card company. Oh, it's gone up. That's great. Because fees and interest. That one is closed along with the three American Express cards because that one was because I spoke with the representative.

1:30:37It was closed because someone - I'm glad you closed it so they can't spend on it. That's smart. Someone swiped it and then it just paid the business themselves. Yeah. No, you should close every access to the debt that is under your name for the business. Time to learn the biggest lesson of your life. Okay, I have some advice. Kevin should walk away. How do you feel about that? It doesn't bother me. Oh. Wow. How does that feel, Kevin? Walk me through it, buddy. It doesn't bother you? I mean, there's two things. My life is ran in a certain way. You know, there's two things in life you can never do.

1:31:17I spend hundreds of thousands of dollars and I have 50 % of the equity. And if I walk away, you think it's just okay. You go scot-free. You stole my money and ruined my credit score. I didn't steal your money for one. And far as in - You persuade, you beg me to wire you 50 grand to pay for the employees and the car wrap. I didn't beg you to do nothing. I didn't beg you to do anything. Are you going to beg your stepfather or not stepfather, father-in-law from more inventory? I'm not going to beg anybody and ask anybody for no money towards nothing. I told you what the problem was and what was going on with the business.

1:31:52And you elevated to be able to put into the business. And I said, okay, thank you. Appreciate it. I really need that. This is going to help out with the business. As far as me begging, I've never begged anybody. I counted 10 times I gave you money. Just because you gave me money? Because you asked for it. No, I'm gay. The word beg hurts his pride for some reason. He has full main character syndrome in life. Yeah, I have full main character syndrome in my life. Yeah, that's a little... No, it's not... Yeah, it is. I know what I'm doing. We're just beans that exist. Also, how much was that wedding ring?

1:32:29Why? Why? Because it's right after I gave you the money. No. And you had the cruise trip and you have the wedding plan. The cruise trip was free. But our personal things that we do never come from the business money. It kind of does because everything goes through your cash app. Please do not insinuate that at all. Well, I'm going to insinuate it because everything goes through your personal cash app. I'm going to get something straight right now. Everything does not go through my personal cash app. All of our customers don't just pay cash app. of nothing with the business personally, ever. No offense, but you're not the most reliable person since you literally get - I don't get what the fuck you say, man.

1:33:04The thing is, I ain't never spent nothing. Well, you should because millions of people are listening. I've never sat up there and spent nothing personal. Yeah, but you literally pay yourself under the table. You're not a reliable source of information for what you do with your money. I pay myself under the table because I use my tow truck to be able to run my own business? With how you do it, yes. Because I didn't pay taxes on my tow truck to be able to get some money. You're not a reliable person. Your morals are questionable. My morals are questionable because I utilize my Because you break the law Because I didn't pay taxes You sound like an idiot That's what you sound like No because you sound like You're studi patooti on some things Studi patooti I follow the law If everyone followed the law like me Guess what things wouldn't be behind plastic things And that's why this country isn't what it is right now And that's why things are the way it is right now Because people like you who don't follow the law I agree You just said some things.

1:33:55If everybody did this, nobody does that. Nobody does that. Do you guys follow the law? Big law followers here. Big fans of the law. You're being very biased when it comes to the law. Bias for following the law? The thing is, nobody's going to murder or steal from nobody. Nobody, period. Now, when it comes to sit up here and going to go buy something or anything like that, or going to go work for something or go do something like that, there's hundreds of thousands of people that can work off books. Hundreds of thousands. half an America works off books to big money. Because people do, doesn't mean I think man bro, you're breaking in with working off books.

1:34:29It's not the same thing. Just because it's breaking the law in one way and this way is not the same thing. You're talking about breaking the law between smoking and between breaking the law and working off books. That shit sounds stupid. And you want to get fused? That sounds stupid. That shit don't even mix. Being louder doesn't make you right. That shit don't mix. Now you want to get quiet and you're the one being up and Rowling at first When you say stupid shit Okay That shit don't even sound right That shit don't even sound right bro That shit don't even That don't even mix Smoking And working off books Are not the same thing Apples and oranges It's not 100 % You're right But if you're gonna use the example Because other people do bad things I can too Bro That Okay he doesn't get it Doesn't No because it's stupid And that's why you're stuttering right now Because it's a dumb ass answer Am I stuttering?

1:35:17Come on bro You just stuttered Huh? Oh my god huh You can hear I don't remember stuttering Maybe I did Maybe I don't hear my own stutter That's okay But just because other people do it Doesn't mean it's good Okay I didn't ever say it was good That was the example you were doing You said hundreds of thousands of people do it You're labeling Smoking the And having heroin Injecting To working off books That's not the same thing I think we're getting sidetracked He's making it sidetracked Anyways Can we continue with the statements? Yes Your example is weird, buddy I don't know why You sat here and defended Working off books Because hundreds of thousands Of people do it That's insane Bro, here you go again On the same thing On the same stuff On whatsoever like that Put away the thing You the one mentioned it How are you going to say Put away the hair thing What you said Because it's making you very upset You opened the door for the shit Because it's making you very upset So I'm saying put it away Because you opened the door For dumb shit And I don't like dumb shit When people say things Let's close the door Let's close the door, buddy That door upsets you Let's close it Okay, door's closed.

1:36:19You're not scared anymore, okay? I'm not scared. Okay, door's closed. It's just you saying something that don't make sense. The door's closed. Calm down. Calm down. The door's closed. Okay, no more. Door's closed. Hey, close to home. I get it. Door's closed. Okay. You saying just because other hundreds of thousands of people do it does not mean it's okay. That's a basic. Society exists because we choose to do good, because we choose to be decent people and not break the law. Here you go with the law thing. Okay, yeah. You're still going with the same shit. Why don't you care about the law? You're still going with the same shit.

1:36:56Why don't you care about the law? The basis of the law, period. Yes. Why don't you care about it? You know what? You know what? Just because you never broke the law, and just because you're... I'm going to have J-Walk. I'm glad you're perfect in your life. No, I'm J-Walk. I'm glad you never broke the law. I'm glad you never did anything. I'm sorry, but... Why would I do things that hurt society? I'm sorry. You know, a lot of people do things that hurt society. I'm sorry. So that makes it okay? You know what? You're perfect in life. No, I didn't say that. You're evidently you are. But I don't defend doing bad things.

1:37:26I'm not defending. I had to do what I need to do. That's defending it. Okay. I'm glad you're perfect. Maybe you need to teach me how to be perfect like you. Okay, don't break the law. Okay. Did you learn a lesson? No, because that was stupid. I just taught you how to not break the law. No, I'm talking about making money. If it wasn't for people that made excuses for breaking the law, we'd have safe cities. Make the money. I wouldn't need to call the person at the front desk to get a toothbrush. How do we make the money to be able to get where you need to go to? Get a job. Okay. But you can't work for anyone, and I'm not surprised.

1:37:58Look how you behave when you're just sitting in front of a camera. Okay. I'm not surprised you said you can't get a job. I don't think you'd last there very long, would you? When did I say that? You just said he has to be his own boss. I never said he acts. I said he is. He said he ain't going to work for nobody. It's kind of a Southern accent because I didn't want to do a black one. I am. That'd be racist. brother you have a lot of subjective things about life septic things about life bro you can't understand the shit i'm saying yes when you mumble that's correct okay like i said you have a lot of things that you think about life that are not right and you know saying following the law what i'm saying is that was this is your business partner kevin what's really happening in life period i'm glad you're perfect he literally said he doesn't care if he gets audited by the irs and he said he's okay if I'm it doesn't bother him if I walk away it doesn't which I think is fair enough when on the onboarding conversation I can't change people that want to walk away and he can't change you that's why he called you a fraud in the pre-interview and he's right there's nothing fraud about me he called you a fraud I'm calling you a fraud the audience will call you a fraud call me a fraud because the fact is I'm going to continue doing what I need to do and why she's with you I don't know because everybody know that I'm not a fraud okay everybody except for literally anyone all my employees are still there with me and whatsoever like that.

1:39:14I'm probably, they probably got all the jobs and stuff like that. They're all with you except for them not working with you because they don't have a place to live. I don't have the money to be able to pay them. I have a big support team when it comes to my company, it comes to me, it comes to everything that we're doing. I have a big support. Big, big support. Is this true? I can't verify that. Yeah, I don't think anything he says will ever be able to be verified. Mostly because it's off books. Ah! Okay. Yeah, there's a light fee on that. You're reliable. Truist, what's going on? That's another bigger credit card balance that was used for...

1:39:50Let me guess. Whose credit is it on? All of them are under mine. Oh, that's interesting. Yeah. That's something we already told you already, though. Yeah, yeah, yeah. I'm doing a show right now. Uh-huh. I'm keeping people up with what's going on and how you're a bad person. I'm a bad person. You put all the responsibility and consequences on him, and you're not going to have to deal with anything. No, that's not where it's supposed to went. That's not what it's supposed to win? That is not the way it's supposed to win. The way everything is going is not. It's like speaking your native language.

1:40:19Wait, what? What is he saying? That is not the way it is. Man, you go my gosh, bro. Do you need water? I'm good. That is not the way everything is supposed to be like. All that stuff that you're writing down. Why is it? Because we're supposed to pay it all that off. Like I said, we're supposed to pay it off with SBA loan. Guys, I was supposed to not do that. We did not get the SBA loan because we didn't know nothing about them not being able to loan to a hemp company. Interest late fees. No one's surprised. Make of America, what's going on? That's another credit card. Should I trigger them real quick?

1:40:57Whose credit is it on? That was under mine. What? That's crazy! I've been giving you guys lots of insults, so let me give you a compliment. All three of you are very attractive individuals. Congratulations. Good genes. Well done. Okay, she's stuck on the Apple Watch thing. That's kind of her. Is that what you used to distract her? No. She's starting to misbehave? We're still running things. We have to keep running them. On an Apple Watch? That makes sense with how these books look.

1:41:30$10 ,000,$71, 52 cents. Minimum monthly payment,$1 ,750, 62 cents. Late fees, interest, no one's surprised. It's a disaster. It's a fucking mess. I got to go on someone else's podcast. Uh-oh. We've been filming a long time. I mean, I don't think we're going to solve anything here if we're being completely real. Inc.,$2 ,000,$183 minimum. Late fees, interest. Inc.,$18 ,936. Interest, late fees. No one surprised. Bank of America, hey, at least there's not a negative balance on here, even though the balance certainly went down. Oh, actually, return, post, and check. Return, post, and check. Return, post, and check.

1:42:16Yeah, those are the most recent transactions. Oh, that's wonderful. Why are we purchasing Timu on our business? Ricky likes to purchase things on Timu, Amazon, for work-related. I don't know what they are, but... They were stickers for the business. It ranges from anything. It could be stickers. It could be baggies. H-E-B, the grocery store. You say, we own a food truck. Okay. What food do you cook? Alligator tacos. That's the most popular one. Why f***ing alligator, man? Honestly, it's like the worst meal I've ever had. I'll be honest. I bet the tacos taste good because at least you cover it in a lot of seasonings and shit.

1:42:54But alligators, it's like the most mid food. You should try it. It's pretty good. I'll try it. You cook it? Yeah. The food trucks are over there. But after filming this, I don't know if I trust what you could serve me.

1:43:09I bet it's yummy. I mean, tacos are delicious. So listen, guys, it's such a mess in terms of you can't tell me how much it's going to cost. I can't make a budget specifically. What I will do, the guy, our fractional CFO, I will get him to look at everything and spend hours and give you guys the rundown. Something that cannot be done even if we filmed a two-hour episode. Because he's going to have to spend literally like a few weeks. Okay? So I will lend my fractional CFO. I've never done that before. That is a big deal. And it means a lot. and you cannot be defensive. He's going to give you the real shit and you cannot be defensive.

1:43:46I just want to make... He's a man. He's a boss. The thing is, is that I want to make this business work. Me too. I want to make it work. Listen to the fractional CFO. He's going to work through your shit. But here's the advice I recommend. I'm listening. Focus. Pick two of those. Yes, sir. Kill the other ones that are not making money. Sell the assets you got. Throw them towards the debt. Whatever it is, you know? Or just put them into the business. checking account. Run the other ones lean, tight, all your energy. Focus on what you do best and what makes the most amount of money. Stop trying to do all these different things.

1:44:22People like you and me, more entrepreneurial people, we get excited. We see a business opportunity. We want to do it. This is a flaw I have to stop myself constantly. And I've surrounded myself with people who can tell me to shut the f*** up. Because you need those kind of people around you. You need to not get excited. You need to focus in on a couple of the profit centers that do really well and are proven. That's what you're going to focus on. You're going to take the other money, invest it into that, or just leave it on the side. Maybe even pay it back. You might have to go through bankruptcy, man.

1:44:51I explored that option. That is a very real potential. So we can just wipe clean and these business profit centers we focus on. And you're going to run it all in QuickBooks. It's no longer hemp tied. so hopefully you can use something like Stripe or something. Again, I don't know. You got to figure out some kind of payment servicer, but that's the reality. Getting away from the hemp, maybe focus on the food truck and party bus, you know? Yeah, that's what we're trying. I love that. Let my fractional CFO clean up the mess of what is happening in the books. He's going to need access to your cash up.

1:45:23He's going to need access to all this shit. Yeah. Because the reality is it's a mess that's impossible for anyone to look at in the kind of situation we're in right now. What we focused on was just the party bus and the videography for now. We stopped doing the hemp because we didn't want to keep buying product. And with the hemp business going down back and forth, that's why we put up a bunch of vehicles. And we didn't really, it really hurts me. And it made me upset to lose the Sprinter van that we had and get it repoed like that. I get it. But the motor didn't work and the transmission went out.

1:45:58Listen, I mean, I have to move on just because I have to go be on someone else's show. We've been filming a long one, but sit down with my fractional CFO. This is a mess. And there is a deep lack of trust here. And it is not unfair that that is there. You shouldn't be involved in this shit. I don't know why the you're here because it all of a sudden becomes a two V one thing, which is just strict, disgustingly unfair. Focus on your own shit. Let them deal with this. Get out of it. They handle all of that. I don't. You're still a part of the business and you raise your opinions, which makes no sense.

1:46:30So let them focus on the business. Sit down with my fractional CFO. Hammer Financial Score, I mean, it might be the first negative ever. It's not possible. So zero to ten. Get your music at CalebHammer.com. There's a lot to talk about in the post show. And I really need to get your thoughts on everything after this conversation. So join us in the post show. Hammer Elite. Extra 20 minutes of this episode in three premium shows every single day, six days a week. Check it out. Download Hammer Elite or join on YouTube. It's up to you wherever you want to be. I'll see you in the post show. How often are you two sitting down talking about the business?

1:46:58Oh my God. It's hard to get ahold of Ricky. Kevin did say that he feels like you dodge his calls. I'll drive a bus. Why don't we do a bus tour? Maybe we can get some b-roll. Ladies and gentlemen, this is the second part of the post show here. We are on site at the bus. So this is what we're rocking with. Beautiful ladies on the side of it. This is a Gooners Paradise mark, right? Yeah. I just launched the brand new Hammer Elite app available on every major platform. So you can watch every show anywhere you want. You'll get three exclusive dedicated shows every single day, Monday through Saturday.

1:47:33Refer a friend after you sign up and you get an additional 30 days of Hammer Elite access for free. Download the Hammer Elite app by using the link in the description or pinned comment down below. This is the best membership you'll ever join and that's a promise.