Wife Forced To Deal With Cuck Husband | Financial Audit

0:01The world moves fast. Your workday? Even faster. Pitching products, drafting reports, analyzing data. Microsoft 365 Copilot is your AI assistant for work built into Word, Excel, PowerPoint, and other Microsoft 365 apps you use, helping you quickly write, analyze, create, and summarize so you can cut through clutter and clear a path to your best work. Learn more at Microsoft.com slash M365 Copilot. To watch episodes of Financial Audit a week earlier, check us out on YouTube. Is he aware of the household financial situation? I think as much as he wants to be. I try to have conversations about it.

0:39He's like, yeah, okay. I've been in debt. I've been out of debt. It's just the process. Well, the process has landed you in debt. You find the debt situation funny? I mean, not as serious as you. That could be dangerous for the kid's future as well. I mean, my emotional state's more important. I'm more valuable than the debt that's there. So it's the game and I got to play it. Game. I get to live. I get to eat. That's how it goes. Sometimes I have to be in debt to do the things I want to do. Hi, my name is Lily. I'm 33 years old. Hi, I'm Mark. I'm 40 years old, based out of San Antonio. And this is Financial Audit.

1:13Thanks for coming on, guys. Thanks for coming up. So this, by the way, I've had the privilege or consequence of being able to say this only a few times in the show's history. This is one of the thicker piles of absolute paper I've ever seen. and shocker 90 % debt as tends to go with this show. So I want to know first, what do you do for a living? I am a seventh grade math teacher. Okay, what do you make? Last year I grossed$68 ,000. And what do you do? I'm also a teacher. So I teach social studies. Oh, very cool. That was my favorite subject. How much do you make? I think last year$63 ,000 generally is what I make.

2:01Why do you make less? Because I teach math. wow oh yeah that's right okay yeah going for the you know stem route sure so cool what is going on here what do we got what what we got here because i got such a big pile give us any kind of just basis for what we're about to dive into what is happening guys so when we got married i had um We actually had very minimal debt. When did you guys get married? In 2018. Okay. And I slowly started to try to build up our credit profile. And because of my past transgressions as a young adult being a single mom, I had to get lots of little debts instead of trying.

2:55I tried to get like, like I had a credit card, right? Yeah. And I tried to get more credit, but in order to do that, I had to get multiple credit cards. Because you were a single woman, you had a lot of past transcriptions? No, I sucked as a single mom. A single mom? Every six months we were moving because I couldn't pay my rent. Okay. So we have a kid. We have three kids. What ages do we have? 11, 5, and 1. Wow, a brand new one. Just spawned. Okay, cool. Wow. So you brought some of the past transgressions, as you said, in the relationship. So, okay, go on. So I tried to improve our credit by getting more credit limits and things like that.

3:41And did you know this was happening along? Yes, I did. Okay, were you authorized users, co-signer? Yeah, generally I was an authorized user. I think it's a little bit of both. We have some that are together. We have some that are separate. because if something were to have happened, I didn't want to affect both of our credits. So obviously mission failed. Yeah. How did we fail? What's going down? So when our youngest was born, because she's going to be too soon, we had actually consolidated all the debt and it was completely, all the credit cards were paid off. Let me guess, you didn't change any behavior before you did that?

4:19Probably not. But also we got into a really bad car accident and I was out of work. We got hit by an 18-wheeler. Yeah. So I was out of work. Did you sue? No, they actually deemed us at fault. Yeah. Disability? We didn't get it until four months after the accident. Why? The investigation? It just took a while. Okay. So I was out for six weeks of work. But then once I started going back to work because we're teachers. this was almost two years ago no this was november or we got that we got in the accident the end of october oh okay so for a few months we had to live off of just one income one income yeah and it was christmas and okay well we have well that's not how that works right we have a hard time telling that works i know but we also have kids i just said that's not how that works i like i'm sure they want things i would love them to get things if something tragic just happen that prevents us from literally getting things without ourselves i don't think we are getting the things sure have a christmas in january they're all young they don't know what's going on i mean sure i mean two of them probably don't but it's hard when it's not even like the christmas presents it's like we want to go out as a family together and they want they're just want want want that's fantastic i know that's great but why does want supersede literally but it was also buying a better life as it was also buying groceries and well that i'm not opposed to but we pay all the we pay the majority of the bills in the house what majority of the bills yes because we have nine people living in our house not including the house uh it's a five bedroom it's like 2800 square feet five bedrooms we converted the garage into a bedroom who are these people his mom and dad and his two brothers and your two brothers my brothers weren't living with us but then i guess you know life happens and you have to kind of come back home yeah one one ironically yeah one sold his house um because he inherited it from their grandparents they had a reverse mortgage on it for whatever reason it just fell through so did he get anything from the sale yes 100k why didn't he put that towards the living on his own Oh, whatever.

6:43Okay, so you pay the majority of the bills. That's a valid question, but I can't answer that. What's like the, is it rent? Is it mortgage? No, we own the house outright. Okay. See, in that case then, how could we not live off the 63? Yeah. I mean. We did it successfully. For a while. That's what I was trying to get to. What do you mean for a while? It was only four months until you got disability. I know. So how do we fall into such, how the f*** did this happen only a few months ago? And we have literally barely any overhead. I mean, obviously groceries. The credit cards were from then. But the credit cards was from this.

7:25Yes. At least individual. Yeah. OK. Some of it was. I mean, I guess some of it was when our AC went out last year. But but the majority of it. Yeah. The majority of that. We had to. that's how we started slowly accumulating debt on the credit cards again because we had to buy a new because our ac went up because we bought a new window unit for our bedroom and that it just spiraled into let's put it on the credit card or i leave my debit card at home and i'd use my debt my credit card you guys like just sat down what do you do you guys have financial goals as a couple as a household as a family we try what do you mean we try what does try look like because we're not trying i isn't trying this is not trying you're right i tried to um have conversations about it and it just he's like yeah okay sure but i feel right now she uh one of her goals is to open up a coffee shop so now once the debt's but there's so much what how physical so my point is the goal the goal now can have some sort of focus when before we were just kind of is that the right Is it a goal for our household?

8:33That's one of the goals. I don't think we should just have one goal. And she said you just nod your head yes when talking about the financial goals. Are you aligned? Are me and her aligned? Well, she just said like she says the financial goals and you're like, uh-huh. You said the financial goals. Could you give an example? Like when I say, how much do you think we should spend on this this month? And you're just like, yeah, whatever. or I try to say I feel like that's a survey question or I try to say hey I'm gonna pay $100,$300,$500 but is it followed? do I have do you follow up with? do you guys budget?

9:16no we don't no we don't we know we don't have a lot of overhead I try I think because you ever made a budget together no not together why? because I think it's combined yes yes then how have we never made a budget together i think it's just he's he's like yeah you pay the bills i feel like i feel like our budge you know the budget she makes is our budget for the most part do you even know it i look at it i reflect on it um i talk to her about it on it yeah do you guys sit down and go over the past month's purchases together and how that aligned with this magical budget we do for our big expenses like going out to eat we track that how is that a big expense when we have so much debt it's just one of our biggest expenses how if we have so much debt how um so what you're saying is um because we have debt we shouldn't eat out out specifically okay i'm guessing it's not a cheaper way to feed nine people or five on the minimum for sure right yeah whenever we're spending like that it's always like this uh we're in this position where we're like um sniffing you know smelling the roses kind of and i think he also this is a pile of i think he likes to take advantage of um a woman's time of the month what in terms of eating yes i mean i've never heard about that for restaurants what are we talking about here because when when every woman has it right yeah and typically that comes with cravings and so he's like he's you know he's like hey let's uh let's go you don't need to cook right now let's go here let's go there yeah him and the oldest are bad about that and you can't say that you're not depends on what oldest is 11 why are the he's like hey let's go to let's go to chilies just put them in front of a movie that's what we did it's because y 'all have snacks that's why oh we do have snacks it's true okay he didn't get to be the big boy that he is no one's not happy uh that i just said he goes through menopause so he says he says i have a an aggressive post show surprise great we did um we did bring you an offering so you'd be a little nicer to us i do have bad news you're not gonna eat it because you're trying to lose weight yes I've been a few looks good you even put the little salt flakes I also made so these are chocolate chips oh they smell incredible stop it I've been successful for a couple weeks a few weeks but you can have one two to three I'm down a decent bit one I don't know if it fits in so the big financial goal kind of ties into the cookies though okay so the reason I want the coffee shop okay we have a five so cookies partly yes you bake goods and coffee why don't you open a cookie shop then because i really like coffee oh okay i like coffee too um so my probably smells like coffee sorry but no you're good mine probably does too um my our five-year-old is um autistic and um through him i've kind of learned i've never been diagnosed but i'm pretty sure i'm autistic as well and um do i agree yes okay um but i want to open up the coffee shop to employ um autistic you want to be fat look at them they just grab those cookies and they're just throwing down there's also matcha white chocolate delicious y 'all so you know they're green tea they're good they're good for you and if you don't want them that's okay but they're gonna go in a safe spot after.

13:06I got them. They're all y 'alls. Y 'all can... Men are not supposed to have and I got so I can't eat them cookies. So I want to open up a coffee shop to employ autistic, high-functioning autistic people to teach employable skills for them. So you're opening a business for not to make profit? Well, yes. Profit's one factor but it's not the only factor. I know but that's usually how businesses stay in business. So if you have ultimate, like, for example, we want to help a lot of people here. We want to help a lot of people here that aren't just on the show that are in the audience. We want to contribute a lot to like local communities.

13:45I have so many ambitious things. Can't do that if the business doesn't stay open. So the business has to make money. So we already have so much debt, but we're considering. Is this a brick and mortar? No. No. Truck? We want to start with a truck. Yeah. It's still expensive. What are we talking? A hundred? I don't know. Fifty to a hundred? Maybe. Two hundred? my brother so my brother-in-law or not my brother-in-law my brother um told me that he would build me the truck i would not trust that because that's like the family project where it's like yeah then they do it for a couple weeks and then it's just like oh life's got busy and you're right attention business owners what if i told you there's a way you can cut your business operations costs almost instantly.

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15:52head over to netsuite.com slash hammer to get the details that's netsuite.com slash hammer start saving costs and enhancing your business performance today thanks again to netsuite for sponsoring this episode i mean i've seen that a thousand times you're right he also i mean he told me that he would finance it so that we can no no no like he would use his money to get it completed so you're taking out a debt from him no no would he own an equity position in the company exactly or he don't want his money back he's talking about just getting his money back plus interest what's special about your coffee uh it's really good and if you've also make everything from scratch so all the syrups that's interesting i try to do everything completely well you'll be happy to know that brand uh noah says this matcha cookie hard and that the chocolate chip cookie else they're really good used food trucks typically go 74 to 165 new food trucks 124 to 265 000 i'm assuming everything i mean that sounds like that's the fancier ones with grills and fryers and all of that i wouldn't need any of that i would literally need a cargo trailer with the espresso have you seen how much it costs like open up a coffee shop dude that like the equipment to i mean i know the espresso machines alone are like upwards of 10 000 brand new yeah 10 20 000 okay okay okay that's the end and then and then obviously you need city licensing we got code things we got all that then you gotta pay for a place to park okay but i i i think that's the end i want to start heading into the okay it's just oh okay i mean okay that can be a goal i'm just gonna that makes me a little nervous to hear that we're talking about something so expensive when there's so much debt now we're about to go into the debt um but i want i'm gonna count three two one go and on go i want you guys to give me your household financial score your household you guys as a family group you and the three kids household financial score zero being the worst 10 being the best ever 10 being the best ever zero being the worst ever i want to hear where you guys think you guys are at self-assessment so again it's three two one go and then i'm gonna and then you say it on go.

18:10Three, two, one. Two. Four. Okay. So you guys think you're average. Maybe I'm generous. I don't know. Well, do you, so it sounds like maybe you're the person that kind of oversees a lot of the finances. Are you even aware of the household financial situation? Absolutely, I'm aware. Okay. Is he aware of the household financial situation? I think as much as he wants to be. He's like, the bills are paid. I'm good. I have food. I can go outside and meditate. I'm good. Outside and meditate, okay. All right. Well, the fact that you guys have credit ones, I mean, let's just start there. The fact that we have credit ones and a lot of credit ones, many of the credit ones, essentially indicates we're in s*** classes because that's like the bottom of the barrel s***.

18:52Yeah? Yes. I wasn't aware of that, though, in a way I got them. I was not aware of that. Did it show up in the mail? Yeah. Mm-hmm. Yeah, the s*** showed up in the mail. Interesting. it's the one like because it's the one that they instead of giving you a credit line increase they just open a new card for you yep and then there's fees attached to that new card and it just 1 476.83 uh 75 minimum payment is what you made to it now it's 74 um you made 26 of purchases what is it what is it why are we purchasing on a card that has 35 of interest accruing. $26? Is that one of those baby bottles? No, it's...

19:38The Quixi. What is that? An app development service? The reflexology socks. Oh, nice. It was a Mother's Day gift I got for her. And his mother. The Quixi? Yeah. They're like socks that have a thing that tells you where... Why are you in the credit one, though? Why do you even have this? Because I didn't want her to see it. or i thought you don't look she would look but in my head i was thinking you know off the cusp and i was thinking hey if i put it on the debit card she's going to be asking me questions i think he was scared that it was shady and he wasn't going to get them and then also yes and then also shady so i didn't want to put my debit card number so you're putting it on the shadiest of all the credit cards to be to be clear well let's talk about deserve this thing's getting obliterated with interest and you're literally adding to it so because of that even though you made a$75 minimum payment.

20:29The balance only went down$12. Yep. Whoa. And that's what starts to happen. 4 out of 10? I think not. Right way from one financial, one main financial. We owe $739 here and 58 cents. $51 again! Purchases! We purchased more than the minimum payment and then the balance went off because we then had$16 and 14 cents of interest. Why? $25 minimum payment But why? Why are we putting more money on it than the minimum? What are we doing? This is two cards in a row now, guys. I don't know. What's on there? You don't even know? I don't remember. What are we doing? Well, I told you I forget my debit card at home a lot.

21:11No, you need to chop up your credit cards closer to your accounts. If you're going to use a credit card, use the Fizz card because it's a charge card. So you're forced to pay it off. Michael's and the children's place. Oh, yeah. Yeah, the daughter, my daughter got, she soiled her pants and I had forgotten to pack a change of clothes for her. How about let's stop forgetting our debit card and stop forgetting a change of clothes for things that diapers. Yeah. I mean, yes, but also I'm not going to let her walk around with. No, of course. Oh, of course not. I'm saying prepared. I know. Prepared. That was.

21:48Oh, you know what? I think that was from because of the oldest. remember he was having that um that event at school and that's why like i didn't want her to look a mess there not that it helped because the middle child ended up throwing up oh my gosh it was a tough day oh just be glad you don't have kids i am thank you that's what i was thinking i didn't want to say because it was no you're good we love our kids they're amazing they're super smart it's just smart enough to their own pants well you know they haven't been taught yet and the five-year-old doesn't understand yet it's okay i have to clean noah's diaper every day too hopefully you didn't do something weird to those cookies so he's not obliterating those pants in the post show i did not they are not sugar freaking uh cookies i promise i just don't want her to like go out into the public and people be like judging me for being a bad mom if she has dirty pants.

22:50No, of course I get that. Do you usually pack spares? Typically, yes. Okay, so there we go. That's all I'm saying. It's like the debit card. We can't like just have like a list on your way out. We're back to credit one. $521 with a$30 minimum monthly payment. This was all purchases. $526 ,000 purchases on the worst card. A hotel stay. Yes. Where'd you guys go? We went to Corpus with our kids. first of all no was it corpus no it was porto ranzas it was porto ranzas okay i don't know i mean it's basically just the island off of corpus christi okay why guys why the the the the the spoiled thing in the last one the gift in the first one now going on vacation we have a goal like okay i think we could probably have better goals but i get it you want to open a food truck that's fantastic cool we have a goal we are pushing ourselves so far away from them from building our debts and not even making any progress on them we're getting further and further away so what is the point of even having a goal without any action what are we doing i i mean why the are we going on a trip i put it on the credit card and then my plan was that once we when we got paid that next week i was going to pay it off so you couldn't afford it go to go when you got paid then well we actually did have the money in the checking account we just then what I just I don't know I all credit cards credit one is where we put it I think I was scared I growing up I wasn't given stuff growing up I was deprived of things growing up and so I don't want my children to go through that but then at the same time I want to say in deprived but you also just can't afford it well you know what you're depriving them you're depriving them a future of you guys being able to retire comfortably without them having to give up their own goals because they're gonna have to fund you guys because you're choosing to live in debt right now you know what you're giving up you're giving up paying for their college because we're choosing to live in debt right now you're depriving them of that because we want to go on a port our kansas whatever and one of them might remember the other one certainly won't and then one will but i think he can handle going in like a year or something i mean yes probably but also like making memories with our kids is important for us memories is great and we can do a lot of memories a lot of my fond memories when i was a kid is we would go to the f***ing uh we'd stop at a hot dog stay and get like 50 cent hot dogs and then we just go to a park and like throw old bread to ducks we know so you killed all the ducks oh we didn't know that at the time but um yeah duck genocide it was incredible memories and when that's cheap that's not us going on a f***ing have those dates to.

25:37Good, but we don't have to go on a vacation and spend$526 and then you got to get food while you're there and then you're doing attractions most likely. No, we just went to the beach. Okay, well that's fine. San Antonio, do a day trip to the beach. Drive back in the middle of the f***ing night. We've done that too. Yeah, there you go. Have we? When's the last time we drove to the beach for the day and then came back home? Go to one of the f***ing lakes. I know it's more rocky, but... I love camping. Yeah, and camping can be pretty cheap. She's not a camper. She's one of those like does it have ac kind of thing that's a lie the last time you took me camping i was eight months pregnant and that's true i had to sleep in the car more credit one this one's only at eight bucks oh yeah we that one i don't really put this is an annual fee because i would just close it you're literally losing money not even having a balance because credit one is so yeah we should close it guys i need you i'm sending you guys through our investing program just like every guest gets access to you or sorry i keep saying the investing one because that's the one that came out yes you'll get that but i'm talking about the budgeting one especially for you guys um you guys need to sit down you need to learn what it actually means to make sacrifices and do budgeting take the quizzes together sit through it together and actually learn how to budget do the investing one as well but um obviously we need to get out of debt for you guys first okay sam's club we have a sam's addiction yes a grocery addiction to or the alkaline water to bulk uh buddy i've seen people be stupid as grocery stores right just because it has a grocery store name doesn't mean have you walked into sam's club the whole first sections tvs and phones and computers like that's not that doesn't make me feel comfortable i mean we aren't buying TVs.

27:26That should not be. No, instead we're going on vacations when we can't afford it. $678 balance with the$29 minimum fee payment. These are going to start stacking up. We're so blessed to not have overhead for our housing situation other than insurance, property taxes, and utilities, but you're just offsetting that by going into debt and just f***ing around instead of actually sacrificing and being adults and getting out of it. $16 of interest accrued. Luckily, I don't see any purchases. Thank think everything i think it's on the other one oh good well that's fantastic do you find it funny no you find the debt situation funny uh i mean not as serious as you probably why how see that could be dangerous that could be dangerous not just for your future but for the kids future as well that's dangerous uh dangerous contextually or just dangerous overall or how you remember what happened when she was out for only just four months?

28:23These are minimum payments that are stacking up that are due on a monthly basis. What happens when our income gets stuck in half because an 18 wheeler has a little whoopsie doopsie? What happens when a kid gets sick? What happens when one of them wants to go to college and you're like, I don't want them to go into the loan debt. What happens if we ever want to retire and I'm glad you have some state funds but it's not like they do incredibly well anyway i mean i've been in debt i've been out of debt and and now you're back in it's just all i care about is where we are it's just a process well the process has landed you in debt yeah again just because you've been out doesn't mean it's good right now we're in in a lot oh this is a car this is a this is like a half a salary car this is the principal balance what is this one for $31 ,300.

29:14What is his car? 2021 Toyota Highlander. So it's in our name but it's his mom's car. What? They took over the payment for us. Not for us. Are they on it at all? No. So you gave it to them? It was either that or they didn't have a vehicle. They needed a $31 ,300. She kind of pulled not pulled rank but she kind of asked us if well if we're gonna trade it in and get another car and she was like hey can i just make the payment on this one and because they couldn't they wouldn't have been able to be approved to get a car if they weren't able to be approved so we were risky is it to real for your credit is relying on them making a 625 dollar minimum monthly payment it's just as risky as her not having a vehicle 750 what just as risky as her not having a vehicle and like transportation picking up the kids still working well it's not risk that's not i think he's saying like if he if she didn't have a car they wouldn't have been able to get like because sometimes they'll pick up our kids like if they're sick and stuff from daycare or from school but even an uber a few times a month is cheaper than this no a hundred percent 750 a month we live in the middle of nowhere i don't know how you guys said san antonio we're like on the outskirts we're we're in a smaller city outside by san antonio okay well i still promise you you can get an uber just might take a little longer either way that's not even the main thing here all i'm saying is there is a big risk that this is in your guys's name now still and you have to rely on them for a minute what's their income situation um his stepdad is uh disabled and um he has ssi but plus uh long-term disability and then my mother-in-law works at a bank.

31:09She does wires. Okay. Yeah. She makes it all 60. Doesn't sound like... Okay. So we're relying on a lot and now they live with you guys, right? Mm-hmm. Yes. We kind of moved in with them. They asked us to take over. We're going to do our own thing. Yes. Yeah. Do you guys want to move out? I think I would more than him. i don't think i would want to i grew up there well that's the split what do we do when one person doesn't want to be there and one does uh i guess it depends on how much you don't want to be there versus how much i want to be there and that's i deal with it it's i mean it's fine but um she had asked him to for us to move in and put him on the property because she was in the rears and they were filing a lawsuit to take the property.

32:09And her dad built it in the 70s. When did you guys move in? And when did you move in? Because you moved in before me. 14? 2014? And then I moved in. I mean, I left, obviously. And then he came back. Was working downtown, had my own spot for a minute. Did my adult thing, but then she lured me back. I think she added him back. She asked me to come back. I think she added him back in 2000 or added him onto the deed in 2018. Oh, you're on the deed. Yes. Okay. What's it valued at? Do we know? Yes. Ish? What? So we have property with the house that's worth about$325 ,000. And then we have two other pieces of the property that's attached to it that's worth about 75.

32:51Two other pieces of the property? You mean houses? Land. Land. Okay. Worth 75? Yeah. Okay. Yeah. $750 payment in the hand of others. that one makes an okay income and it's a little risky it's actually very risky it's getting a little more risky because his mom is actually out right now on short term because she can't walk because of her knee but she I mean she has insurance that's why she has it and she can work from home technically she just has to get them to approve it because she works with high risk What's the interest rate on this? 11.

33:34Are you guys prepared to make a payment? When she can't? I mean... When and if. We've been waiting. Monthly, we've been like, hey, whenever she drops the ball, we have to pick it up. Okay. Thankfully, she hasn't yet. Are you financing a car for someone else? Especially someone that might not be able to make the payment. Make sure you apply to be on the show. Calebhammer.com slash apply. we'll talk about it Avant Avant Avant Avant Avant Oh jeez Interest charging 40 bucks Oh I thought this was purchase Oh it is! It's$85.54 of purchases More than the minimum payment of course I don't remember using that card $1 ,569 How do you not feel this is bad?

34:2513 lines of credit if I'm not mistaken 13 lines of credit and you don't think that's bad you don't find that to be stressful i don't find that probably because you're not the one looking at it i mean i mean my emotional state's more important than you know me feeling bad because of something that um short term at least i can't really impact that doesn't make sense how can you not impact it short term that no that doesn't make any sense you have control over your income you have control over but do i have the money to pay everything off in one month i don't you mean short term that way not even like six months do i have the power to pay it off in six months i don't know maybe but i'm thinking is it ignorance is bliss type of situation um i mean in part but the other part is uh i'm more valuable than the debt that's there so it's the game and i gotta play it so i'm not gonna game you're losing the game we're in debt depends on your definition of losing well you know your net worth is going down because of the debt so you're losing that game sure capitalism i mean yeah that's that's the game i mean the deed is good glad you got that wasn't of your own doing of course uh but it's still my right it wasn't my doing but it's well right because someone else chose it to be but yeah um i don't know that this is it's concerning that you don't find it concerning i mean i find And it's concerning, but not enough to yelp about it or just get, you know, emotionally distraught.

35:56How does it not emotionally distract you, though? Because that's kind of wild. I mean, it depends on your outlook of, you know, how I perceive money, the value of money in this hyper inflationary time. Hyper inflationary time. Inflation is 3.5 percent. Yeah. Hyper inflation is like 50 percent. I mean, we can manipulate inflation, but bottom line is it costs a lot more to live. it's gonna cost more every single year if you don't take control of your debt you're just gonna make it worse for yourself yeah but i'm not gonna be in a bad mood while that's happening while i'm making the payments be like i'm so much in debt that's not making the payments buddy we're we're only making the minimums and we're only putting more on them that's what that kind of mindset gets to i'm not i'm not saying sit there cut yourself because of it but actually put in the work understand the situation if you don't know the situation you don't know how dire it is and the consequences that can come with it.

36:47I couldn't put in the work necessary. And guess what? We haven't put in the work necessary. So it sounds like we're losing the game. Sure. That could be a way to look at it. Are you so lax about everything else? Every other concern? Every other problem that pops up? Depends on your definition of lax. I don't know. The way you are with that. Putting your head in the sand. I mean, no. I see good. I see everything. You know, the good and bad of everything. What's the good of this? I get to live. I get to eat. because of debt no sometimes that's how it goes sometimes i have to be in debt to do the things i want to do what about the power of your income you guys make over six figures we do why would you need debt why would i need debt if i made other than property it's a it's a it's a tool it's a tool to use we're not using it as well as we can at 30 percent not a good tool no that's not a tool that's a hammer bashing your head yeah you you made me aware of that yeah for sure okay so 54 dollar minimum payment on this one again these are stacking stacking stacking all day went to a clothing store apothology and anthropology yeah which i will say i didn't buy clothes oh what did you get little bowls little fancy bowls cups yeah because i make coffee videos and videos i yes i make coffee videos making coffee and i left my debit a card at home i was with my nieces videos making coffee that's i hope so they're like those glass cups that have like little charms around them and they're super cute to make videos with and they i don't know i like them although my son decided to break one of them but you know which one what what which son or which is there only one son no there's two the oldest I only have the youngest is a girl that's it Nazi Nazi She's crazy Yeah I don't think we're buying overly expensive little cups when we are literally the balance of this debt went up again is there any debt we've seen progress made on so far?

38:52No You said the one went down$12 It was something What am I doing? Okay and then Dave's hot chicken because, again, that$50 is more important than getting out of debt and getting to the one goal we have. Hope we can sit down and define our goals a little better. And this one's at 31.24%. That's wild. That is insane. I don't even know if I've seen that on a credit card. Capital One, at least we got to a normal card. I've had that one since I was like 18. It's a classic intro. I think it was my first one. Yeah. Um, balance 740. It's going to take forever to go to. Oh my gosh. This pile is so thick.

39:36This is a thick pile. $25 minimum monthly payment. Oh my. Kill me now. More purchases. $8.53 with interest of$8.22. I know what it is. Guess what guys? The balance shocking. Believe it or not. It's only like behaviors being demonstrated on every single card so far, but the balance went up. consolidation is a bad move for you guys because you guys don't know how to manage that i would close down your credit cards god close the accounts like close them and burn the cards because you guys just can't manage it you just you don't have the discipline to manage it it was for a wi-fi data service for your car it's the the onstar onstar okay it's like the toyota like whatever you can like see all this stuff and start your car from the app from the app like remote start you can't do that with your remote so you have to pay a subscription for that and it's like not even tesla that loves subscriptions makes you pay for a subscription to start your it's like a package you can like see the car you can unlock it and then start it and and on star and being able to see our car in an app is worth not getting out of debt you know i forgot it was on that credit card would it matter still a bill that could be going towards that that's i mean that's true i think i just because it was only eight dollars i don't think about it in terms of we have a solar loan yeah that's an estimate of how much we owe so they switched companies and i don't have access to the account it just comes out automatically the payment it's like what's the payment 360 these minimums i think that one's a good interest rate though because your grandpa's co-signed for it right well it's considered a good interest rate i think it's less than five percent i know but i don't know i know it's for 25 years that's all i know man and i'm not opposed to solar either because i mean what is it it's like a decade it breaks even in like a decade and obviously this property's been in the family for a bit and it sounds like we definitely have attachment to i'm assuming it's on the one you guys live in right it's not always the worst thing the one thing that just really sucks about solar is every time you get solar just next year a much better version of solar comes out probably yes it has so the the thing that helps us what because we have solar is that um we don't have central ac in our house so everybody runs on window units so in the summertime our bill could be upwards of seven eight nine hundred dollars if we didn't have solar you'll be surprised to hear this but i've actually had quite a few people on that on the show that have had solar and that five percent is actually one of the higher ones i've seen because for some of the interest i don't think i think it's less than i don't know exactly but i'm pretty sure it's less than five i see like two i don't three i don't even have access to i tried to figure it out but either way it is another minimum monthly payment yeah and the thing that triggered can be picked up and taken to a new place though if you guys do get another place we the reason it triggered us getting it is right before i moved in we he there was a our electricity bill was like 700 and he forgot to make the payment and it um turned off our electricity and then there was a reconnection fee and stuff so when i moved in i don't have auto payments he didn't do it back then i set up auto payment for most things i mean he would just go in and pay it because at the time he was working for tips so you have to go in and pay how are you guys deciding how and when things get paid um it's like and like who manages and oh i pay everything like a mess okay so you've taken control i pay everything okay it's the okay i go in democratic republica lily sure okay which might be need to be how it is to make sure we don't miss payments but i also want to just make sure you're aware of everything and that the goals were fully aligned on and we know what's happening especially since you have the ability to spend as well of course destiny second time I've seen this card $214 $214 I don't think I used it balance actually went down we had interest charge of$7.10 minimum monthly payment was made it's$40 we didn't have any purchases probably because we lost the card or something no i have that we are basically halfway through the year and i need to make sure you guys are saving your money in the right place in my resources section in the description below you can sign up for one of the best high yield savings accounts there are but you can also get 300 for free with qualifying deposits you can also get fdic insurance up to two million dollars on your money and get 4.6 percent on the money that's just sitting there it's exactly where i put my money why let your money lose money when it could be making money it's the biggest no-brainer in the world open up a sofi high yield savings account now and get that 300 for free no it's a 35.9 interest rate that's the highest i've ever seen on a credit card and i thought you guys already passed that i've never seen that 35.9 i remember when we were at 25 just like two years ago i was like aren't most credit cards like the in the 30s unless you get like that special introductory one because you have perfect credit bad ones are like 29.99 apparently not yeah apparently it just didn't get as bad oh here we go we're back to just being stupid hey that's a normal one what this is a normal credit card it's not abnormal yeah but you went and purchased again did i yes how do you i don't i'm telling you a lot of times i just grab a card then i'm like oh i don't know this one has a big balance okay okay you know what that tells us that means that we can't have the cards you just can't have them you can't have them yeah i should probably put them in the safe no and if i can't get gas oh then you're stranded you deserve it have a checklist when you leave your house or just keep it in your purse at all the time what your pocket like i don't care put it on the back of your phone that's how i forget it i put it in my pocket and then i don't wear those pants back a phone back a phone mag lock um i don't like those i don't care i'd rather you not like it than be stranded 226 55 cents 21 dollars of purchases five dollars of interest minimum monthly payment$35.

46:16We're stacking. I don't know whose credit this is, but 623 is not a good score. That's mine. You know your credit score? It's about the same. I think it's about the same, yeah. Oh, see it was H-E-B. The income to debt ratio. What? It was still purchased on a card that's accruing interest and has a minimum monthly payment. Your f***ing bills with a minimum monthly payment and the interest is accruing at 27.24%. It could be on a debit card where no interest is accruing. I actually think that was gas. Either way. Doesn't matter. It's still purchased whether it be necessary or not. It was on a card that you're not paying off.

46:53You're going to hate that I'm going to say this but do you want to know why I put gas on that card? I didn't put gas on that card. Oh my gosh. Do you know what I'm going to say? It gave me 5 % cash back. Okay. That's why I did it. Tell me why that's wrong. Because I pay more in interest but yeah how much more i have like how much more too much how much i don't know what's the interest on it you pay 22 percent more you got five percent yes then there's an additional 22 because it's a 27 yes so does that make sense probably not probably not how is it probably how are we at the word probably probably what's a bigger number five or 27 math teacher well my kids will try to argue that five was more than 27 but that's and would they be right obviously not okay fortiva credit card okay so we just found every credit card that existed i've never heard of this one they sent it in the mail too oh great 794 i'm just gonna start sending people if if this if this if it's just about making money if that's just what it is apparently the business to get into is like here i have this high interest rate debt let me just send it to random doors and people just take it out and max it out basically now you're halfway

48:20maybe i'm grumpy because i can't have cookies but you can have the cookies you just have to say yes they're delicious but it's green tea they're good for you and it has caffeine because of the matcha your boy is single 200 grand and I already have a disadvantage of being below 6 foot yeah that's overrated tell the right and left swipers really the only thing I have control on right now is wait so we are not eating cookies $794.76 $60 minimum fee payment fees $12.50 of fees oh it's a maintenance fee of course this card just makes so much money off of you $23.17 of interest charge great then you made the minimum but at least you didn't purchase I think everything in the world I think he has one too it's at$34.49 I don't know how you guys found these magical cards almost impressive up on our doorstep.

49:26Almost impressive. Oh my gosh, we're still going through. It is 48 minutes into this, and I am still going through debt. What are we? 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11. This is 12. Merrick Bank. Yeah. Okay. $675.22. You know what? The fact is, a lot of these balances are under$1 ,000. See, they're not maxed out. What? So your question of, can I pay these sell off in the next month. Yeah, a lot of these you could. Yeah. Noah just ran to the bathroom and I think he's taking a s*** from the matcha. No, he's not. Our emergency liquid. $51.88. The purchases. When interest is charging, we're doing it again.