This Has Never Happened Before | Financial Audit

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24:49Subject to approval. Offer subject to change. Average first month credit score impacted plus 25 points. Banter score 3.0 between January 2024 and November 2024. For Kickoff credit account users who started with a score below 600. Who purchased at least one item with credit account and who paid one on time in their first month. Late payments may negatively impact your credit score. Individual results may vary. Thanks again to Kickoff for sponsoring the video. Let's get back to it. You suck with money. So you download a budgeting app. You start with the classic one. YNAB. But everyone just deletes it because it's way too complicated to use.

25:12So you go to every dollar. That's Dave Ramsey, the personal finance guy, right? Well, they're going to force you to use it his way. That's not very personal finances. Rocket Money, they got a lot of commercials, but they're owned by Rocket Mortgage. Guess what they want to sell you in the end? Then there's the new guy on the block, Monarch. Hundreds of millions of dollars of private equity raising so far. But private equity doesn't have the best track record when it comes to private data. That's why I like DollarWise. Built by these people just like you, for people just like you. No private equity, no gimmicks, just the best budgeting app there is.

25:49Download it now, start the free trial, DollarWise.com, link in the description below. You're not abusing a system if we say everyone gets a pension. That's not an abuse, that's an automatic thing. But if they're receiving it for the rest of their lives, just for serving in the military, wouldn't that also lead to us the same old system? Potentially, it would probably be less amount per person. In what way? It would probably be a less amount of money. So me right now, I receive$4 ,000 a month for being 100 % disabled. How much would you propose someone receives for a pension? Buddy, obviously I don't have a proposal in front of me with a mathematical amount, nor am I asking you to provide an amount of money that you think is valid or invalid for people.

26:25That wouldn't be fair in this argument. Coming back to my point on my business, are there companies out there that promote fraud and see veterans as a blank paycheck. Which you're not willing to criticize. More than just lightly because it's a sacred cow. I agree with it 100%. But why call me out on it? Because that's my entire argument. Well, we have to preserve the sacredity of the system. I don't know if that's an actual word. If the system's f***, why preserve? Why sacred cow it? We preserve it by enforcing it. Do you think Social Security is successful in this country? No. Okay, then why preserve this?

27:03As you said, what did you say? the sanctity. How about that? It isn't working. It isn't working. By the mid-30s or by 2040, at that point, every single dollar that comes in Social Security is going to go completely out. That is the definition of a Ponzi scheme. That clearly isn't working. Just because Social Security is helping a lot of people doesn't mean we shouldn't question it or try to make it better. Just like this. Again, I want anyone, anyone in the military who has served that has become any kind of disabled to get disability no matter what. But if there are issues, we shouldn't treat it like a sacred cow that can't be questioned.

27:40I think we can agree to disagree, but I'm going to stand by the point. I don't understand how there is to disagree with that. We preserve the sanctity by there's already the rules and regulations in place. Which is working so well! Because it's not being enforced. And that's what's happening. The VA is implementing AI to start enforcing the process. AI? Isn't everything on paper with the VA? No, they've revamped the system, which is how they got down their backlog of a million veterans to under 100 ,000 last I checked. So it's a significant process. The VA is making leaps and strives to help our veterans.

28:14A lot of people are going to be very against AI implementation, but we'll see. I think AI has its benefits. It certainly does, but it's controversial, so we'll see if that actually helps. Okay, so good. I'm glad you got that because obviously that helps with your 2 ,500 that is coming in on a monthly basis, now you've got four in addition. Thank goodness. So what does the second bid? The 2 ,500 is bi-weekly, about 5 ,000 total. Okay, there we go. Well, there we go. So you immediately hear a six-figure household because of your betrayal. Listen, I wish I could say you fully deserve it. You just couldn't define what happened to me.

28:57Now, a joint thing I get, but you wore something once a month. Sometimes it feels like you come across as a bit of a know-it-all. I don't want to talk about my mental health issues in detail. That's my issue. Unfortunately, I don't know it all, and that's why I'm trying to ask questions. I only can base things off the information I have, and if you're not willing to give me information, I can't base it off of. But then also, don't be upset if I make a judgment based off the limited information I have. That's your choice. So, okay, what does the second business make? It varies. I haven't taken on very many clients lately.

29:31Why? A lot of veterans aren't willing to advocate for themselves. That's something that I've noticed. Is it not an entitlement though? It is an entitlement, but they hear verbiage coming from people like you. I'm the guy who says, unless you clip it incorrectly, like many groups out there have, if someone is disabled from the military, I want them to get more money. I'm that guy. So what do you mean? They should hear that and they should be able to advocate for themselves. So I don't know what the fuck you're talking about, endless victim complex freak, but go ahead, continue. What else? I have another client I'm going through.

30:05He recently separated, so I don't take on very many clients, again, because not a lot of veterans advocate for themselves for various reasons. Some people get defensive about. You're a serial entrepreneur that doesn't actually do anything in the end? I'm helping people. So no, not a serial entrepreneur. I have a lot of ideas. I sometimes have too many ideas that I can handle. That leaves me jumping from one thing to another and not releasing all the way through. That's my other business. With the credit card that you have here in front of you, that's from my holdings company. That has zero. Zero clients, zero dollars.

30:48I'm helping my mom start up her own business. Oh, you, the business guy, helping your mom start up her business. What's her business about to be? She's a licensed massage therapist. An Asian licensed massage therapist? Yes. Brandon's going to be visiting her very soon. No solicitations.

31:09I've been helping her with that. That's where half of the debt comes from. What's your debt? How much debt do you got? Quick calculations off the top of my head. $550 ,000 range. Well, yeah,$557 ,029.20. Did your mental disability cause that? Sure, it contributed to it. Yeah, you were betrayed by capitalism, it seems. I was betrayed by people I knew in the military. That's why I suffered from mental health. I don't, okay. Okay, okie-dokies. Okay, so why do you have so much? Only half of that is a mortgage, meaning the rest is just insane, insane, insane stupidity. What the? What is wrong with you?

31:48What is going on? Especially since, I mean, did you even have time to do this? your starting business is left and right and you're in the military until 22, 23? 23. Okay. How have you had the time to accumulate a quarter million dollars of bad debt? No wonder your girlfriend, unemployed who knows nothing about money, signed you up for, sounds like she actually might know something about money. Her boyfriend's. So I haven't had the start since leaving the military to focus entirely on my businesses. I was actually homeless for a while. Why? Sounds like you're close to your mother. No. My mother and I do not get along, but she's my mom, my lover, and I'm there to support her.

32:26She said she's proud of you and you're helping her with her business. Okay, what about father? I haven't seen my father since 2007. Why were you homeless? A big portion of it was making bad financial decisions in my early college years. No one taught me any better. Well, no one's taught anyone any better. Most people don't end up homeless. Well, what happened? I did a semester of college, realized I didn't like it. the military offered me a nuclear engineering contract where I and a$100 ,000 bonus. My mom talked me out of that because she wanted me to go to school. Agents, yes. And then they're like, okay, well, if you want to stay in school, you can go into the reserves, you can be a crypto networker, we'll give you a$15 ,000 bonus, top secret security clearance.

33:12Crypto networkers are like military hackers, essentially. Sure, why aren't you just going to school for what you want, though? I dropped out. I wanted to go to school for psychology. And the reason I picked the job as a hospital corpsman was being embedded with infantry. I would have a firsthand knowledge of what they go through. And in my head, how can I help them? I'm so confused. How'd you end up homeless? So I tried the college thing. Didn't work out so well. Lost scholarships. Ended up in a lot of debt. Why? for school. Again, because the VA wouldn't approve my educational assistance for many years.

33:52That's a big reason. Hurricane Harvey happened back in 2017. Lost my car. Lost the place I was staying at. Okay, that makes sense. Now, a lot of the Hurricane Harvey people, though, didn't they get free hotels and shit like that? No one offered it to me. Well, you probably had to go somewhere. I don't think people are just going around offering. You probably had to look up the assistance. You don't know what you don't know. Well, I mean, it was like everywhere. But I mean, I remember it. I wasn't even in Texas at the time, and I remember seeing it. But go ahead. Yeah. Well, I didn't know of that.

34:26So I lost my car. Yeah, the car thing. I definitely get that for sure, for sure. And I already accumulated a lot of debt at this point, and I dropped from my last semester of college. I'm actually just 18 credit hours from getting my bachelor's degree. but I was going through some severe mental health issues at the time. I just ended up homeless because of that situation. A friend of mine offered... Sounds like it was mostly on you. A little bit with the hurricane situation, but if you were able to afford that place, why couldn't you get another place? Because all my friends that I knew that were giving me rent for cheap...

35:08Were you in rent for cheap, the house that you lost? It wasn't my house. I was renting it. So after I dropped out of school, a friend was renting me out a room in his place for$4.50 a month, which is pretty cheap back in 2017. No, that's great. And I, you know, studio. Okay, how long were you homeless? My goodness. Probably for a year. A year? I was couch surfing for a while. So I would sleep in my car for a few weeks, crash at one friend's couch for a few weeks and just couch surfing at the time. I appreciate you coming over even though your girlfriend signed you up. As confused as I have a note here that even though you're completely f***ed, you're the one that went homeless, and you're like, no, I know more about money than anyone else my age, is what you told Colton.

35:59You said, I literally understand money. That's what? But you have a quarter million dollars of bad debt. How are you the money guy? The guy that knows everything. yet, this is you. Your girlfriend signs you up to be on financial audit. And you're telling the producers coming in, I don't even need to be on this show. What am I even doing here? I know everything about money. I've been watching a lot of the more recent episodes. My girlfriend's a big fan. And I see the people that I see you out there, gold digger. That build up a lot of their credit card debt, buying unnecessary things, eating out all the time, taking trips all the time, Disney, Taylor Swift, stuff like that.

36:38And I don't do any of that. And when it comes to using my credit cards, I try and pay off the statement every month. Okay, you did not pay off this first credit card within the month. You have a quarter million dollars of bad debt. And none of that lines up with anything you're saying. What the f*** are you talking about? So that card was 12 months, 0 % interest. Not deferred interest, but 0 % interest. And I've basically been waiting for my mom to pay me back on the stuff that was used to startup her. K-pop Demon Hunter's Saja Boys Breakfast Meal and Huntrix Meal have just dropped at McDonald's.

37:12They're calling this a battle for the fans. What do you say to that, Rumi? It's not a battle. So glad the Saja Boys could take breakfast and give our meal the rest of the day. It is an honor to share. No, it's our honor. It is our larger honor. No, really. Stop. You can really feel the respect in this battle. Pick a meal to pick a side. Ba-da-ba-ba-ba. I saw it shot us. What? How much did you give her? At least$10 ,000. Okay, that's$10 ,000 out of a quarter million dollars of bad debt. I understand$10 ,000 is a lot, but even still, that doesn't account for a quarter million dollars of bad debt outside of your mortgage, which is an additional quarter million dollars.

37:55So the other$10 ,000, I've paid a couple thousand off, which is why the balance is what it is instead of higher. I'm pretty big into guns, and I want to start my own firearms. company. So I purchased the - What are you not trying to do? This makes no sense. I have a lot of ideas. So what'd you do? How much have gone into that? Probably$15 ,000. I paid close to$5 ,000 to$6 ,000 off over the past several months, but I am coming up on the end of that period. What period? What are you talking about? I'm not seeing debt paid off. What are you talking about? The 0 % interest. Where's your debt paid off?

38:27I'm not seeing that. You're a quarter million dollars in bad debt. No, you're not. Every time some people - No, you're literally not. Where is it? I see it in nothing. We'll get through some of this stuff. You literally just got$50 ,000 from back pay and used it on endless impulse purchases. I did go a bit overboard. A what? I went overboard. I've been fighting with the VA for eight years and six years going through courts with the VA. Instead of the stuff that we as the taxpaying United States is supposed to be helping you and supporting you. Like you mentioned earlier, it's an entitlement. the VA determined I'm entitled to that compensation so you're disabled and you didn't use it on anything to help you with your disability?

39:10I go to therapy it's not what you used it for, you spent it on bullshit I don't think that's why we provided it I did buy a car and I use that for therapeutic reasons as well because of my mental health I tend to just drift off, so I go work on the car and then it helps me get better I have something to focus on. Mental disability to you means nothing. That was a horrendous definition of mental disability. You literally just took any time anyone says they're mentally disabled, you just took that and made it meaningless. You needed a car to work on because of mental health? Different people cope in different ways.

39:54some people you just meant that you just made that word mean nothing so he advised you to use $50 ,000 of the government paycheck for a car for therapeutic reasons not to that extent but they advised me to find a hobby to give me stuff to do other than sit around doing nothing all day and that's exactly what I did and I view the car as a good investment I can fix it up, I can resell it for a good amount of money later on if I decide to do that So I thought this through already, and I think I put that to a good use because it's going to give me something to work on. I'm going to keep going to therapy with the VA.

40:33Yes, I'm not saying don't. No one's against the therapy thing. It's that you blew all your money immediately. I didn't blow all of it. What do you mean? You have a quarter million dollars of bad debt, and there's no money anywhere. What the f*** are you talking about you didn't blow? There's money tucked around here. Where, where, where, where, where, where? You have a little bit of investment, but nothing compared to where you need to be at 31, and you have a quarter million dollars of bad debt. The money is nothing. You are negative net worth substantially. It's not even close. What the f*** are you talking about?

41:00Okay, so... That's why your girlfriend signed you up. I think maybe the 19-year-old is more understanding about personal finances than you. I think she's smarter about money than you and she said you need to get your ass in front of Caleb Hammer because you're a dumbass and you're going to f*** up the rest of our life. I did take that big pay cut, so I'm still working on getting adjusted. It doesn't matter. Thanks to us for your betrayal. You make over 100 ,000 hours a year. I was making 200 ,000 before I started getting the VA disability. You still make great money in a not expensive major city.

41:30You already have a mortgage. Houston's a very expensive city. Not compared to most major cities in the United States, though. And I'm not moving there. Huh? I'm not moving to those major cities. Exactly, but you can do okay on over 100 ,000 hours a year in Houston. Well, apparently I have a lot of bad debt. No, apparently you are just bad with money and your girlfriend sees it and sent your ass over here. How can you tell Colton that you don't need to be here, that you are good with money when you're the guy with a quarter million dollars in bad debt who blew through$50 ,000 of back pay on bullshit and says because you got betrayed, you need to get a car to work on?

42:06No, I need the car for my mental health, which I view as therapeutic. I work on stuff, I resell it. And I view it as an investment. That's not therapeutic. That is what we call a hobby. And hobbies are good. and I want you to have a hobby. Exactly. But you are coping by calling it a mental health investment. You just need a hobby like any other person in this world because everyone needs hobbies. That's just normal living. I consider it a good financial investment too. I got the car for a great deal. How many of these cars do you have? I have three vehicles total. How many have you had since you started?

42:42Over the years, probably a dozen or so. Oh my. I have the worst luck with cars. Worst luck? Yeah. But thank goodness it's because you got betrayed, so you can use that as a cope. I don't know. F*** you, dude. I just get bad luck with cars. Like, one of my cars... Hey, hey, that many bad looks in a row? Stop! You need a car to get around. Oh, my f***. Yes, have one. Solves your issue. What the f*** is wrong with you? What are you doing? What are you talking about? That's the worst cope I've ever heard in my life. You don't need three cars to get around. That's the worst cope I've ever had. One car is for a daily.

43:17I got to get around. F*** you. That's the only car you need. Die. Go. What do you mean? Why do you need the other two? I do my own repairs on the house. Oh, shut the f*** up. Who cares? I need a truck to move lumber. Lumber? Yeah. Why are you moving lumber? Because I need to repair the house. I got to get concrete. What the f*** is happening to this house? I bought an older house. Okay. If you need to move some stuff from Home Depot one day, rent a truck for 50 bucks. You're fine. You do not need to own a second vehicle. Yeah, but it's paid cash out, right? Yeah, but you own a quarter million dollars in bad debt as well.

43:49That could be sold and help go towards the debt. You have an excuse for everything. No accountability. I wouldn't consider that excuses. Yes, it is. I've thought through all the purchases that I've made. You're right, it's a horrendous cope. Your thought was nothing, and that's why your girlfriend has sent you here. And I know your friend that came here with you thinks the exact same thing as me. Well, that's why I have the friends that I do. We keep each other in check. Except you just don't go in check, though. You don't listen. You just think you're the guy. You're the fucking guy. You are the guy.

44:18He's not the guy.

44:24I am. I'd like to think I know better than most people. Yeah, which is why your two businesses are complete failures, and same with the one that you invested in your mom's masturbatory business. That's the massage shop. She doesn't do those kinds of things. Uh-huh. That's true. Uh-huh. She's an Asian lady in her 50s. She's not going to be doing that kind of stuff. I think that's who does it. Isn't it, Brandon? How would you know? That's why I'm asking Brandon. He gave me a yes. Oh, okay. So you found out from Brandon who does it. Yes, he's a RubMaps pro. He's the one who showed me that website, that and another guest on the show.

45:00It's kind of crazy. It's too risky for me to do into my position. Okay. What do you think your financial score is zero to 10? I'd say like a four. See, you'd think too high of yourself. I don't get it. You bought a Hummer to help with your rain and flooding. What the f*** are we talking about? It floods in Houston. I need to be able to get around. You went through one bad experience. If you watch your Hammer Financial Score, get it for free at calebhammer.com. Just takes a few minutes to get your score. Take the assessment, see where you're doing well, where you're doing bad, what you need to do to do better.

45:34And if you don't want to be like a guest who ends up on the show, make sure you download the DollarWise budgeting app at dollarwise.com or in the App Store. All those good things. Take a free trial to see if you like it. I promise you will because most people go for the full annual version because it saves them 50%. And you get my personal daily meal plan that me and my team with a chef we made. It is incredible. It includes drinks and snacks. It is for every day of the month. It is a meal plan that makes you actually healthy, sustainable, meal prepping, and within a budget. Check it out. I'll sign that.

46:04Mail it directly to you. Go to dollarwise.com. Okay, financial genius. Guess why the f*** do you have$21 ,101.13 on a Blue Business Plus credit card while your businesses make$0? Tell me, Genius, please. About$10 ,000 of it was to help my mom. Great. How much money are you getting from that on a monthly basis? She's trying. She's working on repaying me. How much money are you getting? Huh. That's interesting. How'd that happen? How long has it been open? About nine months now. Oh, wonderful. Why haven't you gotten a penny? Well, it's on a credit card that takes 29 years to pay off. Your girlfriend will have finally graduated high school.

46:47So my mom has some financial struggles as well. Oh, good. That's why I give$10 ,000 to. She's been using the money to pay off her other debts. And I love my mom. I'm trying to help her out. She raised me. You can love someone and not support their bad behavior also while f***ing your entire life, quarter million dollars in bad debt. I think I have the cash tucked away somewhere to pay that off if I needed to. Objectively, no. I have all your savings here, buddy. Your best account is an investment account, and it doesn't even cover a quarter of that. In fact, it only covers 10 % of that. That's not even your entire deposition.

47:21It only covers 5 % of your entire deposition. You're f***ing shut the f*** up. That's not true. You're a liar. I have enough to cover that card, at least. First of all, but then you would have to sell. You'd have to pay taxes. You'd be f***ing shut up. And also, even still, you gave someone who's irresponsible, bad with money money when you can't pay off your debt you might be able to pay off a card 10 percent of your total bad deposition five percent of your total deposition so shut the f*** up stop putting yourself on this elevated level you're not there you're not the guy oops that's kind of f***ing stupid i'll be honest but what's not is actually getting a checking account that gives you free money free money we like free money you can get up to 350 dollars in bonus cash right now when you sign up for the checking account that i use chime also it makes your savings grow at a 3.5 apy interest rate guys you can watch financial audit and get free money at the same time who would have thought that's incredible check it out link in the description below sign up for chime get that 350 right now in your checking account in the next 30 seconds i'm gonna make you richer than God.

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49:28So hit that link and get ready to ride the coin all the way to retirement. $211 minimum monthly payment. Lucky you got the disability coming in because you got betrayed. So that's good. And because of that, now you can make a payment. But before that, I don't know how you would do anything. The rest were guns? I'm kind of being told that. Gun parts, gun manufacturing equipment. So how much have you spent on guns? Gun manufacturing equipment, and you're manufacturing guns? Yeah, it's legal. You're trying to start your own manufacturing company of guns? Yeah. You have the proper licenses for this?

50:00If I manufacture to sell to other people, I need licenses. But I'm keeping them for myself just to get the experience on it. Oh, my. So this is the United States. We have the Second Amendment. We can build our own guns. We certainly do, but you need licenses to sell them. I'm not selling them. I thought it was a business. I thought you were investing all this for a business. Well, I need to get the experience first. I'm not just going to jump into it. For your mental health, you need this hobby. Partially. It keeps me occupied. Shut the f*** up. Shut the f*** up. Shut the f*** up. Guys, I am going to use my panic disorder for every excuse for everything I want to do for the rest of my life.

50:36Apparently, you can just do that and no one will question it because you look like a bad guy. I mean, you could have joined the military and gotten compensated for it. I think I'm doing okay. But also, I mean, I appreciate everyone who signed up. My cousin, who I grew up closest to. Literally, best friends couldn't separate us from the hip. He went into the military immediately. I love that. I don't know if he's getting any disability. And if he did, I hope it's because something actually happened. And if he didn't, I hope that's good that he didn't get something because I hope he's not disabled.

51:06I hope he's not disabled too. And again, this is for compensating people who aren't able to earn as much. We're not going down that again. We already went around that circle. I'm just saying I didn't need to sign up to get an extra check. I'm not complaining about your check if you deserve it, but all you're saying is you got betrayed. So if I don't have the full context, I don't have the full context. Shut up. But you cannot say, I need to spend a shit ton of money on 12 cars and all this gun manufacturing because of my mental health. Everyone can just use that excuse for everything in this TikTok age.

51:36So how much have you spent on guns? Not a business. Manufacturing, not a business. No licenses. Probably throughout my entire adulthood, probably close to$40 ,000 or so. but I do end up profiting on some of it. Some of it? How? I thought you can't sell it. What are you profiting? I can't sell the guns that I manufacture, but I also collect and buy other firearms. They go to gun shows. I have an eye for rare things. Sometimes you find a unicorn and you resell it for profit later on. Okay, I'd say half an eye, but... Narrow visioned, would you say? What else? Yeah, so... $40 ,000 on guns, some of them making collection.

52:14How much into the manufacturing? between parts and the tooling close to 15 ,000 or so. What have you made so far? If I proceed with it, I'm going to have to eventually... No, what kind of gun have you made? I built some AK, some ARs. They're gorgeous stuff. I found a Russian parts kit from back in the Soviet Union days. Turned it into a functioning firearm. It's gorgeous, so I'm happy with it.

52:47Would you like to see? Nope. What else do you collect? Because I'm being told you spend a shit ton on collecting a lot of things. Oh, what? Luxury suits? No, not this one. It's Armani. It's Armani. Bro, it looks like literally anything you can get off the shelf in Walmart. Yeah, but part of it's the tag. Are you going to show someone a Walmart tag? How much was that? Take a guess. No, I wouldn't. I honestly wouldn't know. That's not me, man. It retails for$1 ,500, but I picked it up for$20. I'm a thrift shopper. I'm okay with that. $20 is okay. How much are you spending on suits? I thrift almost all my suits because you can get fantastic deals on them.

53:32And do you do Armani or Armani Express? Armani. The actual Italian stuff. And I do Jossé Banks for their wool. Okay, none of this means anything to me. I think you just spend money, let me guess, that's for your mental health as well. No. I just don't. For the suits, they can be used for a wide variety of situations. And a good suit will last you a lifetime. Great. And you're not doing it any justice right now. Like, why the fuck are you wearing it? It looks horrendous. And number two, your friend also thinks you're completely lying on how you got this suit just to justify it and not look bad about likely spending$1 ,500 on it.

54:08Your friend who came here, who I saw. He can't prove I spent$1 ,500 on it. And you can't prove. I can't prove I spent only$20 on it. You could if you gave me the receipt. I got this years ago. How'd you pray? Cash. It's a thrift shop. You ever heard the Macklemore song? I go to thrift shops all the time. My girlfriend likes thrifting. We use credit cards. I carry cash with me. I think cash is still king. Objectively, no. In fact, you just make everyone's life more miserable when you are checking out with cash and coins like a weirdo. contractors love cash. Yeah, so they don't pay taxes. 29 years to pay off.

54:51This is so stupid. So stupid. So it's guns. And then to your mom, which would be a cash advance anyway. Like, I don't understand that. Or did she spend it on the credit card? How'd that work? She purchased items on the credit card and then she would pay me back. Two months and then it goes to 26.74%. At least it's not deferred interest. But oh my, this is about to be bad. Bad. Bad. I can acknowledge it's bad, and that's why I'm not panicking too much about it because I do have money around. Not enough! Oh my gosh, buddy, you are so broken on this. You can pay off a card of your$250 ,000 of bad debt, though.

55:29You can pay off maybe$25 ,000. Maybe$25 ,000, of which you'd have to pay except maybe penalties and taxes. So maybe not even the full card. You don't know what you're talking about. I don't know where this arrogance comes from, this hubris, this self-confidence that you can take care of shit. When mathematically, you can pay off at best 5 % of your debt before taxes and fees. 5%. And you're comfortable? What is wrong with you? That makes no sense. Your girlfriend was right. I was living pretty comfortably until a year ago. I don't give a fuck about was. Was means nothing. I don't give a shit if you was living bad years ago, if you are now living good.

56:10but it's the opposite and I only care about the fact that you are now living like shit. I don't think it's all my fault though. Oh, whose fault is it? No accountability. Whose fault is it? Who is it? Some of those solar companies are pretty scummy, man. Solar companies? You have someone on your staff that used to - In Houston? In cloudy Houston? Okay. Yeah. I'm like, why are they going to sell me solar if the product's not going to work? So they can make money. What do you think sales is? Dude, are you a moron? What the fuck's wrong with you? What do you mean? Why did they sell me solar panels so they can sell solar panels?

56:44If they tell me one thing and it says something else, then that's a strong. Well, is it in the contract? Are you going to sue them? Yeah. Well, I'm thinking about it. Okay. Well, there you go. You're probably going to lose because you have no idea what you're talking about about anything. I'm clearly learning that. Every time you try to do anything, you completely fail at it. When's the one time you've been successful? I don't see anything. You're half a million dollars in debt. Quarter, uh, half. Ryan Reynolds here from Mint Mobile. I don't know if you knew this, but anyone can get the same premium wireless for$15 a month plan that I've been enjoying.

57:13It's not just for celebrities. So do like I did and have one of your assistant's assistants switch you to Mint Mobile today. I'm told it's super easy to do at mintmobile.com slash switch. Upfront payment of$45 for three-month plan equivalent to$15 per month required. Intro rate first three months only, then full price plan options available. Taxes and fees extra. Default terms at mintmobile.com. Half of that is horrendous, bad, disgusting, ruinous debt. Where have you ever been successful in life? What have you ever done that has been successful? Please tell me. I went from being homeless, no car, no job.

57:45Buddy, no, no, no, no. If you started homeless, sure. But you went to the homeless because of your horrible behavior and going into horrendous debt for no reason whatsoever. It's not like you started there. You started here, went here, and now you're here. You're still in a bad spot. Yes, you're not as bad as you were at homeless, but you're still much worse than you were overall before. Well, the VA could have prevented that. You could have prevented it if you weren't going into horrendous debt for literally no reason. If the VA had approved my disability back in 2018. So you need support always, no matter what.

58:17You can't do anything on your own. That's part of the disability system. Sure, I got you, but you went into debt. You went into debt for things you did not need. For school, the best thing in my future. That's all I heard growing up. You got to go to school. You got to get a degree to get a job. Sure, sure. Absolutely. And guess what? You didn't have to. You didn't have to. Part of it, I consider it a blessing because that's what got me to the position that I'm in today. It's been difficult finding work without having a degree. Not necessarily without the degree, buddy. I mean, you got a$200 ,000 job without a degree.

58:51I did my$100 ,000 sales job. If you're good, if you have experience of what you do, and I believe you could actually use that, I believe you can use that because I think you do have skills in your position. I mean, I'll get you a course career certification to extra boost your resume. That'll help you. A lot of people in the audience have converted those into six-figure jobs. I'll get you one of those for free, up to you which one you want. But certainly in the tech world, if you want to keep doing that, I think they actually have something quality assurance related. I might be mistaken on that, but I'll get you set up with a free course career certification for sure.

59:23Okay, so what's going on with Synchrony? What's the balance on that one? Well,$1 ,899.

59:32Been in charge of... I think that was from... Carnival Dream? Carnival Dream. The cruise. Oh, my cock. Oh, its current balance is substantially higher. Oh, its current balance is substantially higher. Me in my entire life. Pull it up. Pull it up, you little tit. It is$10 ,000. Never mind. You don't need to pull it up. It is$10 ,111.74. What the fuck are you doing, you little shit? That should be like 8 ,000 tops. Nope, because you already had a balance there. Tops. Tops. Shut up. What were you doing? What'd you do? I was buying art. You bought art on a cruise? Yeah. I had no decorations in my house.

1:00:12I've been there for three years. You don't need decorations. So I don't want to hear mental health. I don't want to hear wow homelessness because of VA. You're choosing to buy$9 ,000 of art,$8 ,212 of art on a cruise because you didn't have art in a house. You're not a victim of this world. You are the victim of yourself. You can't control your shit. It feels like being in a mental institute. It doesn't matter. And also, here's the thing. Go to at home, spend a few hundred bucks, and you're fine. You didn't need to do thousands of dollars on art. It was a good investment. No, no, no, no. That's what the cruise people told me.

1:00:46So you fall for everything, including your mom. I love my mom. It's business. I'm here to help her. Yeah, but encouraging bad behavior. Well, you get sold into solar. Well, you get sold into art on a cruise. art on a cruise. Just hear those words. Art on a cruise. You think that's where the successful art collectors buy their art guy? Oh, it was through Park West, which is, as they pitch in their line, the number one art dealer in the world. Buddy, you are willing to be sold on anything. Regardless of where the art comes from, it's art. Good, sell it. It maintains its value. Good, sell it then.

1:01:23I can. You got to pay off that money. You can't. I can, but I also got the frame. I'd be upside down quite significantly. Why? I don't see the points on it. Because I had to get some of the art framed, and that cost money. It costs a lot more money than I thought it would. How much? For six of the art pieces, it was about$5 ,000. Dude. Okay. Semi-attractive gold digger. Leave him. Date Brandon. You'll be better off. Brandon, you'll be attracted to her. It's fine. This guy is insane. He will fall for anything. Bing Bing is out. Bing Bing is out. B-Dog is in, okay?

1:02:04I don't think she would leave me. Why? How? What do you have? What are you offering? This makes no sense. You're insane. This art thing, 5 ,000 hours of frames, your mom's business, and this moronic, moronic solar shit, and then your endless businesses that you start and can't do anything. Thousands on gun manufacturing of which you have no license for. Buddy, you are insane. Yeah, well, I don't need a license yet for the gun stuff. Okay, show me a picture of me. Best one. Let's just see them all. Let's just see them all. Who painted them? Have you heard of Thomas Kinkade? I actually think so.

1:02:44I actually think so. Yeah. So maybe, let me find the... And the originals? The more expensive pieces, yes. And the not more expensive pieces? Those were a really good deal in group bundles. They're still signed. They're still numbered.

1:03:07I just gave you something just as valuable. Hey, dude, you are a moron. This could be worth big money someday. Someone got to ask Steve Jobs for an autograph. Start a screen recording. Oh, I signed all our cookbooks and meal plans, so I'm decreasing the value daily. Well, there's the frames. Great. I want to see what the art looks like. Okay, is this the art if I click on these? It probably won't show up bigger. That's part of the invoice. I have the paintings themselves. Goodness. That one looks AI-generated. Because it looks AI-generated. Okay, let's go here. Okay, this one's okay, but it also just looks like a classic hotel that hasn't been renovated in 30 years painting.

1:03:55So I don't know why you'd want that anywhere. Again, this one looks AI-generated. I know this one. Is that one original? Uh, no. Oh, you f***ed. The one that's actually recognizable. Again, old school. This is in a church that was built 40 years ago. This one is actually halfway decent, but still, like, again, that looks like AI in general. Oh, buddy. Oh, you f***ed it. Oh, you are so, I'm sorry. Why is she with you? I have no idea. I'm going to call her in the post show. We're calling her in the post show. Okay, so minimum repayment now must be like, I don't know, what is it? You know what it is?

1:04:32So that one's 18 months deferred interest. Doesn't matter. What is the minimum monthly payment is my question that I asked. I don't know the minimum, but I'm... What is the minimum, you f***ing dick? I don't know, but I'm going to put$450 towards it to pay off the whole balance. You basically have to, so I will put that in parentheses, but$450, so the minimum is like$150. I'll do that. My goodness. Answer questions, piece of... Sapphire, what's going on? That's what I use to purchase the frame for some of the art pieces that I just showed you. I'm going to absolutely die. You moron. You and the lady that did 15 ,000 hours or whatever it was for five pictures overseas.

1:05:12What is wrong with you people? What is wrong with you guests on this show? What is wrong with you? I got to hang it up. It protects the art. It helps maintain the value. It's a good long-term investment. Maybe I'll pass it down to my kids someday. Kids. What? Kids. Do you have kids? No. Oh, f***. And is she going to let you breed her while you're doing all this? Are you going to show up with that sick stash, sick beard? She's been asking about it. She's been asking about it. As you've been f***ing everything up and she makes no money and she has to send you to a show three hours away. I'm teaching her about financial stuff.

1:05:49You're teaching her? Oh, shit. So she's going to double this situation. She's going to accumulate her own$250 ,000 of bad debt. I'm hoping she can learn from my mistakes. What? You haven't. You're justifying everything here. You're making excuses. Mental health. Shut up. Shut up. Have you hung the paintings? No, they won't be ready till May. How? Because it's all handmade framing. It's not like your Walmart or HomeGoods. What's wrong with those? These are valuable. Some of them are originals. You opened a credit card. What, a few months ago for this? so the the sapphire moron the sapphire I've had open for about two years okay and then you maxed it out with this because when it's not maxed out I have a$17 ,000 limit it's not maxed out but you put a shit ton of money on it I did yes when this was in February last month yeah you pathetic worm so I got the art with the synchrony in January and then the art arrived at my house in February and I took it is wrong with you?

1:06:59You moron. $54 a month is your minimum fee payment. This year alone $900 of fees. What was that? That's part of the fee itself. What was that? Oh, the Sapphire fee. $795 is a Sapphire fee. What was the other$200 for? I did make a late payment. I know you're going to yell at me. Not a$200 late payment though. You're late. You're buying paintings and frames. for thousands while being laid on the cards for those very things. You are such a piece of... You piece of shit. What the f*** is wrong with you? The lay fee was from before I bought the framing. All to infinity bullshit. Firearms. Firearms are under$12.

1:07:44Interest is accruing. It's all fucking stupid. It's stupid. You're being stupid. Well, you're also considering a brand new deal that you're getting sold on from AT &T offering four new phones for you for your six lines. The phones are free. What? The phones are free. They could sign with us for three more years. No, I haven't done it yet. I'm thinking about it. Buddy, you need to be done being sold to. You need to get into sales because the best salesmen are the easiest to sell to. You need to get into sales. You're a moron. I used to do life insurance and I was not a good salesman. Oh, shit. Then how are you so easy to sell to.

1:08:26You're so easy to roll over. I think to myself and I Is that what you consider betrayal? Your sales that don't end up being good? Because you're going to claim a disability from these as well. Buddy, with interest and fees, it's almost a thousand bucks. What is wrong with you? I don't understand. You have several business lines for your phones. Your phone's a several business lines. One. One. Your businesses. Those businesses that we talked about earlier that make zero. Hey. I have one phone number. That's good. Are you taking advantage of all the tax situations that you can? I think my CPA is pretty good.

1:09:17Okay, that's awesome. So that's, you know, I like to keep my business and personal separate. I'm not suggesting the opposite. That doesn't mean get six lines. Okay, so one line for myself personal, one for my business, so people can call me directly. Four more left. People ain't calling, by the way. One for my mom for her personal line. Oh, my f***. She can do that herself. One for her business. What? Oh, you f***ing man. People are over there going to be hitting up her address at 2 in the morning, trying to be gooners. Well, no. He doesn't. She doesn't want that on her personal phone. He's taking someone home from the club at two.

1:09:56Okay. He's visiting the parlor at eight. Okay. So regardless, she doesn't want messages from people like Brandon. Okay, two more. Don't know why you're paying for her. One for my roommate. So the LLC is a partnership, and I have a business line for him. What is wrong with you? It's a business expense. One more. And then one is for my friend. Oh, my. What good business expenses? Yeah, so I. The friend out there? No, no. Yeah, different friend. Okay, I gotta call this girlfriend on the post show. I gotta, I gotta. And we also have confirmation that your mother will be jerking off Brandon in the post show.

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1:12:21Type in code Caleb. Platinum. What's going on? Oh, Platinum. So Platinum does offer a good benefit. I use that for a lot of my travel and I'm not spending any more on that first Amex with the$20 ,000. What are you traveling to? I thought you were supposed to be buckling down. Entrepreneur, lock in. So when I went to go purchase the car, I paid for a pre-purchase inspection. The mechanic said everything's great. It checks out. Yeah, I usually do too. The dealership said everything was great. And then I transferred money for the car, flew in to buy it. Flew in to where? To Wisconsin. Oh, for f***s sake.

1:12:59What car? 1993 BMW 850 CI. Okay. V12 six-speed manual. All right, don't come. Okay. It's a rare car. 850 of them. I'm so excited. I'm thrilled. I can't. I'm thrilled. Hold in my excitement. So anyway, having learned from my mistakes in the past, I ordered a pre-purchase inspection. Mechanic checked everything out. I go up there. I pick it up, start driving back home. 400 miles in, the clutch goes out. Right. That explains all the bullshit purchases on this car. What the fuck kind of purchases are there? We have Delicate Spur, Delicious Spur, Makila Jarin, Hulu Plus, Beauty Inside Out, Indian Summer Lounge.

1:13:48Going inside and getting some bullshit. Looks like you got an energy drink. That was from when it was on the cruise and we were talking other countries. What are you going and you're stopping at the gas station getting an energy drink, right? It was on the drive to the cruise. Pick your flavor. Pick your flavor. These are the packs that come with Gamer Subs. These are the free samples. So you can get free samples of Gamer Subs right now so you can figure out what flavor you like the most. Then these are the packs. It's 40 cents a serving to make your energy drinks at home instead of stopping in and spending five bucks at the gas station like you did.

1:14:19You want Goof Juice? That's Charlie's. Or do you want Radsicles? Actually, I don't know what flavor this one is. Here, take Goof Juice. Goof Juice is good. It's strawberry. Oh, I like strawberry. Thank you. Make that. 40 cents a serving, buddy. and you don't need your monster anymore, okay? I'll give it a shot. 40 cents a serving. Give it a shot. Everyone genuinely likes it. Genuinely likes it. My link below. I've been trying to kick the monsters for a while. Oh, there you go. Use that. It's perfect. Broadway Street. Disabled veterans. You paid$2 ,060? So they're a service organization. So you have what people call claim sharks, which are private companies that charge exorbitant fees to help veterans with their claims.

1:15:02and then you have your veteran service organizations. I work for a contractor that does the exams. My main business, my side business, I do it on a private fee basis. Those VSOs, they do it for free. They operate off of donations. You donated? I love the donating heart. That is not a bad thing. I should donate to some veteran groups as well. Okay, okay, I should because I want to be a big supporter. You don't have money. You're putting it literally on an interest accruing credit card. You're donating on a credit card. You need to donate to making sure you are set up for success because when you are and when you live a good life and have good money, you are statistically able to donate more.

1:15:50We're the Hartford with decades of experience insuring millions of unique small businesses. When it comes to your small business insurance. Thank you. One size absolutely does not fit all. Get a quote or find an agent today at thehartford.com slash small business. More money throughout the remainder of your life than just one time while putting yourself in a hole. This is insane. $2 ,060 on a credit card is... Well, that was after I got my$50 ,000 back pay. I don't give a... You put it on a credit card, moron. And then something automotive and then auto check. Okay, those ones I understand, but dude, this is so stupid.

1:16:25you are everything you are blowing money you do not have micro center here we go this is for the girlfriend right yes sugar daddy here we go she was wanting a higher end gaming PC that would have cost like$6 ,000 I told her no on that okay well you certainly didn't get anything high end for$1 ,397.38 I had a PC from a few years ago that I wasn't using I gave that to her but I didn't have any peripherals like monitor, keyboard, mouse, mic. So I gave her my old computer. Okay,$1 ,400 of gaming equipment is actually pretty crazy, right? She just needed one monitor. Doesn't even need to be higher than 1080p as long as she's at at least 120 hertz.

1:17:12She's really good at games and she wants to get into streaming. Good for her. I just defined her minimum viable product needs. You didn't need to do this when you were only going further into debt on everything and you just put it all on this card. $1 ,397.38 and$50. How many monitors did you get her? Two. She needs one! One for her game, one for her stream chat. Is she streaming yet? She's working on it. Go f*** yourself. She can do that when she streams. Then mouse, keyboard, pad, all that good stuff, I assume. Yes. F*** you. How is she going to use a PC without that? How is she going to get a job?

1:17:50She can get a remote job. She should get a job now. If she has time to stream, she has time to clean. Nailed it. I'm pushing her to getting her GED to finish her education. I'm also pushing her to - Why doesn't she do that instead of stream? Make this a win. Make this what she gets, because you have to favor her, because you found someone while she was in high school. Well, that's the agreement I made. You became her daddy. I told her, look, I'm not going to get you your$6 ,000 gaming piece. The peripherals you should have gotten if she completes her GED, gaming PC. First of all, you can't even afford a 6 ,000 gaming PC.

1:18:26How are we even having that conversation? I told her no. She gets this with GED. She gets that with a job. There's more stuff that she wanted to get and I told her no. Once I see her following through with her commitments. I understand why she's saying it. You'll go into debt for her. So Amex, you owe$454. What did you do on here? I use that one for gas and groceries and for my Amazon purchases too, for things around the house. When did you spend going out to eat on a monthly basis? It varies wildly. I cut back a lot for myself. When? A while ago, especially after my pay got cut to 60K. I used to go out at least once a week, especially with my roommate.

1:19:12Once a week? Okay. $454.27, minimum monthly payment, 40 bucks. Yeah, so for that one... Okay, here's him cutting back. Uber Eats, Uber Eats, Uber Trip, Uber Eats. Autism help? So I was on the cruise. My friend's wife, I always accuse her of being autistic, and she's like, I'm not autistic. I'm like, okay, go take this test. Dude, you paid 20 bucks for that. Oh, go f*** yourself. I have no sympathy. Uber Eats, Uber One, Uber Trip, Uber Eats. My girlfriend's a picky. Here we go. Carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival, carnival.

1:19:56You're spending hundreds of dollars per thing I just said there, plus a thousand. You're f***ing ridiculous. Dude, this trip, this carnival cruise trip, which is one of the more affordable vacations, you spent like, what,$40 ,000 on? With the paintings and everything? Buddy, you went insane. On a cruise trip, you spent like$40 ,000. Okay, for the cruise itself, it was making like a hundred pucks. Carnival. Carnival. It was for a friend's birthday. Carnival you spent$40 ,000 on. Do I need to say this again? Carnival. There's no way it's$40 ,000. It's up there, buddy. Maybe$12 ,000. No, it's more than that.

1:20:32With the paintings and everything, on here alone was like almost$12 ,000. You're f***ing by thinking that. Trading view. You're paying for trading view? What, are you going to be a day trader now for your mental health? Trading view? F*** you, trading view. What trading view? I made good money last year. Oh my goodness, what did you make? Like$28 ,000. Profit? Profit. Did you pay taxes? Yes. I pay taxes. And how much have you made this year? So the most recent tax period, I ended up losing$50 ,000. Shut the f*** up. Go f*** yourself. Uber Eats, Uber Trip, vending machine. Yeah, more energy drinks.

1:21:07Use your gaming subs, dude. Much more cheap. Uber Trip, garlic sushi Met Rex Iron didn't fit something, I don't know Jack's X Zing coach plan 83 bucks, what's that? So that was an online coaching thing which was on a yearly renewal basis and they do it through the app itself, I didn't realize I was on the annual I canceled it $70.14 citizens pay you pay this off every month though so I'm not freaking out about it. Yeah, I got one more payment on that and that's done. So I'm not writing that down. Same with this Blue Cash Preferred. Okay, so even still, it's bullshit, buddy. It's Spotify. I'm meeting the CEO later.

1:21:50I'm excited. And when has I got an energy drink? Amazon. Energy drink. Energy drink. Energy drink. Energy drink. Amazon. Vending machine. Energy drink. Amazon. Mad cow. Amazon. Amazon. Energy drink. Energy drink. Pull up your Amazon and start a screen recording. This is ridiculous. You're spending is insane. You have no idea. You have no idea. You are so lucky you get the benefit that we provide as a country that I am not complaining about as a concept but as abuse sometimes. But you don't use it to actually help yourself. You just spend it all on carnival cruises and bullshit and sugar daddying.

1:22:26The carnival cruise was the one thing. Show me. I'm working on getting the screen recording up. I feel like a boomer.

1:22:37oh yeah yeah yeah you don't have the app no you spend this much and you don't have the app there's five things in his car let's see Mazda battery equalizer okay oh you do car shit radar detector for police that's illegal in Texas no it's not yes it is I think it is laser jammers yeah but not radar detectors okay Okay. Another radar detector. It's all car things and a wall outlet mount as well. For the BMW, it's an older car. The mount goes over the rear view mirror and then the other radar detector things, the wiring to actually connect it to the car. And then... 320 degree vacuum padlocks, precision Kelly forceps, scissors.

1:23:30It's like for fish tanks. I don't even know. Orino Rescue. That's a first aid kit. Dude, how much gauze does people need to buy? Medic f***ing crap. You bought like a trillion pounds of adhesive bandage shit. I was a medic. You was a medic. I had access to a supply room with tons of stuff. I'm not used to budgeting when it comes to medical supplies. How do you need this much f***ing rap? What's happening when you step outside in Houston? You just buy to buy. You just buy to buy. Endless battery banks. Oh my goodness. Gun case. Buddy. Energy drinks galore. And liquid death sparkling energy drinks.

1:24:14Gamer Subs, man. Gamer Subs, that's all. Gamer Subs at GG. Code Caleb. Okay. This is so stupid. Good leap. Oh. Okay. $60 ,000 here. What is this? So that is one of two installments of a solar loan. Wow, that's a shit ton of solar. What the fuck did you do? So the issue I was having was I was continuously having power outages with all the storms, and I was also paying quite a bit for electricity. I would get a gas generator or a battery with one solar panel that maintains during the power outages. If you're getting outages during storms, solar is not great during storms. Yeah, but working from one, the gas generator is not going to run the AC.

1:25:02I'm not going to be able to work inside the house when it's 100 degrees in there. It doesn't answer how solar is not great during a storm. Not initially, but if the power is still out, as it has been, like I've been eight days without power, what am I going to do? Go to a hotel, pay$150 a day? Potentially life or death, but either way, $150 a day or$417 a month forever. At the time when I got the solar, I was making potentially$1 ,000 a day. Making potentially? Something tells me that didn't happen. The way I looked at it. Oh my, you get sold on everything. The way I looked at it. If I'm losing$1 ,000 a day and to insure myself against that.

1:25:49$1 ,000 a day? Your energy cost was not$1 ,000 a day. From my job, because I work remote, and I need electricity. A gas generator isn't going to give me the type of electricity I need to run my equipment without damaging it. So from my job, I make an hourly, but I also make overtime and commission. With one battery bank, though, you can set it to run only critical things, though, including AC. That would run for like an hour. Exactly, but you could do AC on battery bank, and then gas generator for the house. You can set things up strategically. Instead of, and here's the other thing, the solar two card, the second solar card, another$46 ,763.

1:26:32You're over$100 ,000 in solar debt with minimum repayments$700 because this is$268 ,000. 7 % interest rate. 7 % interest rate, not even good. Not even good! This is what ended up happening. For the first time the solar happened, I was having really high electricity costs because the roof was going out. And I paid to have the roof replaced. And then I was still spending a lot of money on electricity bills. You put money towards everything. There is not something you don't immediately go into. I take care of the stuff that I have. No, you spend more than anyone in the history of the world. It would lead to bigger expenses if I didn't fix the roof.

1:27:14I agree with fixing the roof, but then you just coped the f*** out of the solar and everything else. Yeah, so for the solar on the first installment, they told me it would essentially put my electricity used to zero because I was paying close to$500 a month on electricity. $32 ,000 on whatever this is with a minimum payment of$635.47. What is this? What is this at 13 % interest rate of death? What did you get? That's probably the BMW. 13 % interest rate personal loan on a BMW, finance charge$13 ,753. I can make good money back if I fix it up. Yeah, well, you're gaining 13 % interest on it. Losing.

1:28:00This is so stupid. Hasn't it broken down? Right? Isn't that what you told me? I'm just going to keep going. This is so stupid. We have another car loan, Kia, this time. Of$26 ,151.25. If you didn't go advocate that you were betrayed, there's no way you could afford these minimum fee payments. I don't even know if you can anymore. Because this one's an additional$510.72 a month that you just purchased last year of$26 ,151. Again, I got that when I was making$200 ,000 at the time. I think$25 ,000. Okay,$23 ,000. Okay, so upside down, a little on. By three, I would sell it, I would borrow the difference, and I would get a$10 ,000 everyday car.

1:28:42You're not willing to do that, I can already tell, because you know more than anything, and you came here because your girlfriend applied. Instead of paying$10 ,000 on the car, I can use it towards fixing up the BMW. That wasn't the point. It was to erase that debt. And that's why this is not worth even pushing back on this. Shut the fuck up. House,$287 ,000. That actually makes sense for a house in Houston. And 55 cents with a minimum monthly payment. Sorry, interest rate of 6%. Minimum monthly payment, kind of chunky. Oh, wait. Yeah, it's because of that. Yeah. The escrow's heavy. $2 ,866.81 a month.

1:29:22Yeah, I'll do that. Why is there more? What's PCI, preferred credit? So that was for a water softener system. Dude, there's nothing you don't spend tens of thousands of dollars on. This was my justification for the water softener. Yeah, yeah, let's hear this justification. What, the water was hard? So I actually wanted to do, in the past shows I've seen, you're always talking shit about the water softener system. Maybe if you can't afford it. If you can't afford it. So I consider it an investment because it's going to cut down my costs on how much I'm spending on laundry detergent, dishwashing detergent, body wash, shampoo.

1:30:03Okay, you owe$9 ,517 with the minimum monthly payment of$131. 11 years to pay off. 11 years. So you better be saving that shit. You saw the liquid dust on my Amazon. I was spending$100 a month on those and I haven't bought them anymore. Shut the fuck up. Oh, student loans. Here we go. Here we go. I'm blown. What are we doing? Okay. For me, man. Oh, you get every debt. $40 ,000,$162.61. What's your minimum payment? Here it is. Fuck me. $368.28. College dropout. That's okay. I did the same thing. I'm going to continue. SoFi checking. I liked them at some point, but now they actually kind of suck.

1:30:44I prefer Chime. Chime's great. You can get$350 signing up with my link. Doesn't matter. Plus, you're getting a shitty rate of 0.5%, so I don't know what the f*** you're doing. Okay, yeah, checking account, a little bit of savings. All adds up to paying off 5 % of your debt if you wanted to. Just mostly transferring things back and forth, nothing too crazy here. Same with that, okay. $2 ,000 and that, nothing happened. $465 and that, down from$480, just probably the fee. $1 ,500 and that, why do you have so many accounts with just random thousand there? $1 ,500 there. Just consolidate yourself, man.

1:31:20What a mess. After I open my business account, I get solicitations. She's so stupid. Open an account with us, we'll give you money. Well, don't. And I'm about to open another one. Oh, you can, but just close and then move. Okay, that's a good plan. Well, the chime one, because you're able to open that, but at least it's at a high savings rate, where this Capital One, it's a zero. Like 0.000, whatever it is. And then, yeah, this$6 ,000 and this SoFi Invest, that might be where they're okay. But still, you want to be able to connect your investments to budgeting apps as well. And then, yeah, okay, so$25 ,000 in the self-directed.

1:31:54It's at$27 ,000 right now. I'm making a little money. But you've contributed$56 ,000. That's where I lost big last year. Well, this is his day trading? Oh, for fuck's sake. So it's actually down, man. Swing trading? Where I went wrong is I got into options. I was making big money. You try to do everything and that's why I'm just like, buddy, you know what you need? Simplicity. You're trying to do everything. Use the budgeting app. Use the mine card, debit card that builds credit. Just use those simple things, a high yield savings account, follow basic personal finance rules, get a certification, get a good job, live a good life.

1:32:38Stop trying to be in every bucket of opportunity ever created. It is f***ing you. You're a perfect example of that. Use your privileged positions, man. Use your privileged position and don't f*** it up. Let me get your minimum payments outside of your mortgage. It's going to be a lot. Okay, so not mortgage. And this is why, yeah, you need that disability. Because without it, you would have negative every month,$3 ,185.09. Mortgage is$2 ,866.81. Okay, utility, gas, electric, all of that, plus internet, how much? Probably$700 a month. Fuck my life. Phone bill. You're on millions of phones. $260 a month.

1:33:25Gas, vroom, vroom, drive, drive, how much? About$30 a month. Okay. Car insurance? $300 a month for three cars. See, that's another. Daily driver,$30 a month of gas. Shut the fuck up. groceries, you and your girlfriend,$600. Use the meal plan. It's every meal of every day. It's perfect. TP fund, anything else you guys need to survive? $150. Medical health care. Copays, you got VA, but do you help her? I don't know. No, she's under her parents' insurance.

1:34:00Subscriptions, I'll try$50. You have any pets? No pets. Okay, anything else that needs to be in here? I do get$930 a month from rent from my roommate, so that adds to my income a little bit. Oh, thank fuck. And I'm working on getting my homeowner's insurance decreased and because I am 100 % disabled, that weighs my property taxes, which I think is about 300 a month. But you have to adjust that when it happens. Right now, in order to survive, you need$8 ,141.90, which is insane. And that's on a tight budget too, which is crazy. Honestly, headed towards bankruptcy. Let's be very real here. So you make$9 ,930.

1:34:51You have an extra and tight budget. Estimated$1 ,788.10. Okay. Of which,$1.25 million of bad debt on 788.1 takes only 139 months to pay off. Yeah, definitely headed towards bankruptcy. That is a 12-year process longer than bankruptcy. You're not day trading your way out of it. You're not massage parlaying your way out of it. You're not new business in your way out of this. The only way to get out of this is stop your spending, convert from this. You need to apply. All this time you're spending on all this bullshit hobbies that you're coping with, you need to up your resume and apply to jobs like none other and up your interview skills.

1:35:40I know you're going to say, I apply to jobs. You also spend a shit ton of time and money on hobbies. So you're refocusing that energy towards jobs. I don't want to hear your excuses. You are increasing your income. It is all going towards paying off debt. And you can probably get it down to paying off debt in five years. And then your emergency fund, which is worth it for the rest of your life. Then you have to catch up on investing, not through options trading. That's your future. And I'll hear nothing other besides that. Okay? Okay. I'm going to call the girlfriend in the post show. There is a lot to talk about.

1:36:10She needs to this guy unless he changes his shit around. And then I will be okay with him sticking. Well, let's get your hammer financial score first. Spending in a budget. Well, you overspent. Zero out of 10. Debt. No collections, but it's as bad as it gets without collections. One out of 10. Emergency fund. Let's see. Well, I mean, you got thousands scattered. It was a bit weird. But for your living expenses, where money should be going? Give you a four out of 10. Retirement, opposite trading. That's not good. It's not great. Two out of 10. I'll be generous. Real estate. How much is your house worth?

1:36:43I purchased for 315. I haven't found any updates. So we'll call it 315 for the worth. I've been putting a lot. No, it's gone down. When did you buy? 2023. It's gone down. Maybe. I don't know. Yeah, we can call it 315. What was it? Okay, cool. Interest rate. Nah, I'll give you a seven out of 10. Hammer financial score 3 out of 10 rounded up Get you to CalebHammer.com Now join us in the post show by joining Hammer Lee I'll see you there Hi girlfriend, why the f*** are you with this guy? Going hundreds of thousands of dollars in bad debt For stupid things, 20 to 40 thousand dollars Spent on a carnival cruise with art All this stupid endless bullshit Why are you with him?

1:37:24It's his choice So you should leave Unless he changes his behavior Hammer Elite is the best YouTube membership on the platform, and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pinned comment or description below. This is the best membership you'll ever join. That's a promise.