100+ Years Of Insane Debt | Financial Audit

Summary

Financial Audit Podcast Episode Summary

Episode: 100+ Years Of Insane Debt | Financial Audit
Host: Caleb Hammer
Guest: James, 26, Spokane, WA
Date: December 10, 2025

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Episode Overview

In this brutally honest, highly-entertaining episode, Caleb Hammer audits the financial life of James, a 26-year-old retail store manager from Spokane, WA. James walks Caleb through a labyrinth of debt, failed money-making schemes, bizarre co-ownership arrangements, relationship drama, and questionable decision-making—most notably an ill-fated bulldog breeding "empire." As always, Caleb pulls no punches, delivering tough love and incisive humor while exposing the realities and pitfalls of James’s financial situation.

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Key Discussion Points & Insights

1. Background: Income, Career, and Living Situation

• James’s job: Retail store manager, $68,000/year ($4,108/month net).
• Living in Spokane: Not a cheap state; James owns a 770 sq ft, 100-year-old home with a co-owner; purchased partly to avoid renting.
• Household details: 5 Frenchies, a pit bull, girlfriend ("Lisa," who is still married), and a slew of financial complications.

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2. The Dog Breeding “Empire” – Debt, MLM Vibes & Catastrophe

[03:19 – 18:00]

• Genesis of dog-breeding: Started after a friend "owed" James a dog, led to purchase of a Frenchie for $12,000 (for a THIRD of the breeding rights).
• Ownership Structure: Multiple dogs “owned” in fractional shares with “friendly loans,” few if any contracts, byzantine co-ownership and breeding agreements.
• Cascade of purchases:
  • $12,000 for ⅓ of a Frenchie
  • $3,500 for ½ of her daughter
  • $5,000+ per litter just in medical fees
  • $5,000 for a “stud” (⅛ ownership)
  • Total dog “investment”: “Probably around $50,000 including medical purchases, to make $4,000” (James, 17:35)
• Outcome: Lost money, entangled in disputes (including a co-owner who stole puppies and ghosted James).
  • "It kind of is an MLM. It kind of is…'cause the fact is you’re buying into it with the hope to, like, sell your product." – Caleb (18:00)
• Dog situation now: 6 dogs at home, no meaningful profits, ongoing debts.
• James’s reflection: “No, it’s been a travesty.” (17:57)

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3. Relationship & Home Ownership Drama

[19:03 – 41:47]

• Girlfriend: German, still legally married to another man; James paid for cross-state move, co-mingles finances (“We paid for it... We also couldn’t afford the move, but did it anyways because it was kind of a closing window.” – James, 24:12)
• House purchase: Motivated by trauma of frequent childhood moves (“I went to nine schools... There's a difference between stupid and in.” – James/Caleb, 41:43)
  • House: 770 sq ft, built as a chicken coop, negative equity (Bought for $235,000, now owes $247,000; market value about $265,000, but only $353 equity per Zillow.)
  • "Why the f*** would you buy this?... I've never called anyone’s this because usually a home’s a home and it’s nice. This piece of s***. This is a piece of s***." – Caleb (39:12)
  • “The places have yards. Yeah, but raisins have yards, dude.” – Caleb (40:06)

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4. Financial Habits, Credit Cards & Deferred Interest Traps

[53:00 – 80:00]

• Overreliance on debt:
  • Multiple credit cards (Amazon, Quicksilver, SDCU)
  • Deferred interest on basically every purchase (furniture, home repairs, pet expenses, Magic the Gathering decks, even Ross).
  • Minimum payments that, if only paid, will keep James in debt for “45 years” (Caleb, 57:24)
  • Overdraft protection pulls from credit cards, compounding debt and fees (“It is predatory. I don't understand how credit…You’re the one who set up autodraft!” – Caleb, 57:28)
• Sentimental spending:
  • Purchases justified by emotion or temporary need (e.g., $2,000+ mattress because back hurt, Xbox for entertainment, Magic the Gathering after a pet died).
  • Poor tracking: “You overdraft every second of your life. Why are you overdrafting, Dick? Huh? Dick. Why?” – Caleb (58:42)
• Paying minimums, not progress:
  • “If you paid minimum, ...you’d be 61 years old.” – Caleb (57:41)

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5. Shared Finances & Questionable Co-Signing

[54:08 – 64:44]

• Joint cards, loans & car note with girlfriend (who is not legally divorced): Caleb rails against the risk of mingling finances in such a tenuous situation.
• Confused priorities:
  • “You have a credit card together with your girlfriend who just moves in a year?”
  • “Yes, so she has a credit card. I’m on it.”
  • “Why do you do this with everything? Everything. Everything you do, you do the same thing.” (Caleb, 54:29)
• Ongoing cycle: James and his partner are constantly treading water and, in many cases, sinking further by living on deferred credit.

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6. The Vehicle Collection – More Liability, More Emotion

[83:12 – 86:51]

• Seven vehicles between James and his girlfriend.
  • Only three are runners; others are project cars (e.g. Jaguars, Cadillacs, Chevy Avalanche, Blazer).
  • Resistance to selling any despite the urgent need for cash; heavily emotional attachment to some cars.
  • Caleb’s prescription: “Liquidate everything else other than the Jaguar and your car... Use this opportunity.” (86:07)
  • “You are willing to sacrifice your girlfriend’s income to bail you out instead of you actually taking care of some sh*t and sacrificing some things you like. It’s disgusting.” – Caleb (87:35)

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7. The Plan (“It’s In My Head, Bro”) & The Brutal Audit

[19:39, 53:35, 92:24]

• James’s current plan:
  • “I’m trying to be debt free in the next 12 months… It’s in my head, bro.” – James (19:39, 53:35)
  • Massive disconnect between “plan” and reality; monthly bills and minimums outpace income, especially with deferred interest about to hit.
  • “You spent more than you made last month. I don’t understand this girlfriend thing. Who even knows if she wants to stick around...” – Caleb (56:10)
• Caleb’s solution:
  • “$19,000. Take it. That pays off… well, let’s see, let’s see… your bad debt outside of your car and mortgage is $21,540. You can wipe it out and then we’re done.” (93:24)
• James’s self-rating:
  • “So what do you think your finance score is, 0 to 10?” – Caleb
  • “Half. Point five.” – James (34:48)

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8. Social Life, Friendships, and Communication Failures

[26:17 – 33:42]

• Broken friendships due to bad relationships and living arrangements.
• Reasoning for co-housing: Trust, familiarity—ultimately ends poorly with lost friendships and additional money problems.
• Caleb: "Sometimes people can be kind of petty middle schoolers, and that is hard to deal with, but it doesn’t sound like either of you are, so it’s repairable and worth it.” (32:42)
• Closing challenge: Caleb urges James to try to rekindle a lost friendship in the post-show.

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Notable Quotes & Memorable Moments

• On the dog breeding business:

  • “You spent $12,000 for a third of a dog to make $2,000, of which you paid $7,500 to produce.” – Caleb (11:50)
  • “It kind of is an MLM. It kind of is...” – Caleb (18:02)
  • “I've lost way too much money, as you're aware.” – James (61:49)

• On the house and home ownership:

  • “Why the f*** would you buy this?... This is a piece of s***.” – Caleb (39:12)
  • “It was completely torn down and renovated in like 1999.” – James (39:20)
  • “The places have yards. Yeah, but raisins have yards, dude.” – Caleb (40:06)

• On car collecting:

  • “You cannot have this. This is a shortcut that... sometimes that requires sacrifices. This is a sacrifice. You are taking a sacrifice. Also it’s a truck. Who gives a f***? It doesn’t matter. It does not matter.” – Caleb (87:08)

• On partnership & money:

  • “You do not do one thing correctly in life.” – Caleb (88:31)
  • "You have a credit card together with your girlfriend who just moves in a year?" – Caleb (54:24)
  • “You overspent. 0 to 10. Debt? ...about a one out of 10. Emergency fund? Zero out of 10. Retirement? Zero. Real estate? Three…” – Caleb (94:43)

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Timestamps for Key Segments

• Dog breeding saga & debts: 03:19 – 18:00
• Discussion of failed home purchase: 36:26 – 41:02
• Friendship fallout & ex drama: 26:17 – 33:42
• Credit cards & financial breakdown: 53:00 – 80:00
• Car collection and liquidation debate: 83:12 – 87:08
• Full audit, the “plan,” and closing thoughts: 92:24 – 95:29

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Episode Takeaways

• Compounding bad decisions: James’s situation is a warning on the dangers of emotional, impulsive, and poorly considered financial choices.
• Entanglement: Repeatedly mixing money, friendships, and romance without clear boundaries or contracts can be disastrous.
• The "Plan": Having a vague “plan” in your head is no substitute for real, honest numbers and accountability.
• Hard truths: Sometimes the best (and only) way out of a debt spiral is radical honesty, pain, and immediate action—even if it means sacrifices you’d rather avoid.

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Caleb’s Final Summation

• Hammer Financial Score: 1/10
• Prescription:
  • Liquidate extra vehicles (except Jaguar) to wipe out high-interest and deferred debts
  • Stop all unnecessary spending/hobbies
  • Separate finances until relationships are secure
  • Never, ever buy ⅓ of a dog again

“Time to take care of your sh*t. Time to grow up for the literal first time in your life. And sometimes that requires sacrifices.” – Caleb Hammer (86:39)

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For more episodes, resources and to take your own Hammer Financial Score assessment, visit calebhammer.com.

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End of Summary

Transcript

[Caleb Hammer]

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[James]

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[Caleb Hammer]

To watch episodes of financial audit a week earlier, check us out on YouTube. 12,000 hours for a Frenchie.

[James]

Third of a Frenchie.

[Caleb Hammer]

How do you get a third of a Frenchie?

[James]

So co ownership.

[Caleb Hammer]

What the. At a nicer place.

[James]

That's not what you're actually gonna get.

[Caleb Hammer]

You're paying rent, asshole.

[James]

Well, you said you're mortgage, asshole.

[Caleb Hammer]

Oh, no. I've never seen this in my life. If I did my calculations correctly. I believe that I did.

[James]

You are. I'm trying to be debt free in the next 12.

[Caleb Hammer]

My Black Friday site wide blowout is live. You can get 20% off everything in the store with code BF20. That is 20% off. Courses, merch, and even the brand new master your money membership. But don't wait too long. This sale ends at Midnight on Friday, December 5th. Happy Black Friday and enjoy your savings.

[James]

Hi, I'm James. I'm 26 years old from Spokane, Washington, and this is financial audit.

[Caleb Hammer]

Washington. I haven't had a Washington person, I think in a long time. This is awesome. Not. Not a cheap state. Spokane. I'm not 100% sure, but we're somewhere. Thanks for coming down.

[James]

Yeah.

[Caleb Hammer]

What do you do there?

[James]

I'm a manager of a retail store.

[Caleb Hammer]

Sure. Last time I had a manager of retail store, she actually made a lot of money. So I hope you're making a lot of money. Yeah. Better career path than a lot of people give it credit for. Yeah, I know when you start on the ground floor sucks.

[James]

Well, I mean, I turned over in a year. I literally. July 26th was when I started.

[Caleb Hammer]

We showed the ambition and everything, so. Okay. Very cool. What do you make?

[James]

68 annually.

[Caleb Hammer]

Now again for Spokane, I don't really know. But in terms of the United States, that is good. You are doing well. You're. I mean, you're towards the median household income of the United States. Household income, usually two people. So you're doing pretty okay, I would think. What hits your account on a paycheck basis?

[James]

I think my paychecks are 2054. So 2054 total would be 4108. Okay.

[Caleb Hammer]

And how you doing? It's okay.

[James]

I'm doing okay. You know, it was really rough getting here. I racked up a lot of debt this last year. Yeah, well, not, not to aust, but like to this, to this point, you know, because I. In a year I doubled my income. So this whole year has been really rough.

[Caleb Hammer]

That must be good.

[James]

Yeah. Where I'm at right now is getting a lot better. My eyes, I'm feeling pretty comfortable. But you know, I'm still in debt, so obviously not that comfortable.

[Caleb Hammer]

Well, I think what likely was the issue was not your lack of income, but literally trying to build a bulldog empire in your backyard and went into a shit ton of debt to breed bulldogs. Yeah, endlessly.

[James]

Yeah.

[Caleb Hammer]

In your backyard.

[James]

Well, you start a bulldog in their.

[Caleb Hammer]

Own room in your house.

[James]

Yeah. Gotta figure out how to make money on this thing.

[Caleb Hammer]

It's simply too good. How do you build a bulldog empire in a single spare room in a house?

[James]

Well, with love and a lot of hard work and, you know.

[Caleb Hammer]

No them.

[James]

Yeah.

[Caleb Hammer]

But I got a 700 square foot house.

[James]

770. Yeah, it's. It's tiny. It's tiny. We got. So there's technically two bedrooms and then a mud room and then like a kitchen, living room.

[Caleb Hammer]

And what did they have?

[James]

They got the mud room.

[Caleb Hammer]

Isn't the mud room usually not acid or heated?

[James]

So we have two. Two window AC units and a lot of fans.

[Caleb Hammer]

So you try to do a built bulldog empire. What is this?

[James]

I had a buddy who owed me a dog. We did some work together.

[Caleb Hammer]

Owed you a dog?

[James]

Yeah, so I, I didn't make nearly as much money as I thought I was going to with the work that we were doing. And he's.

[Caleb Hammer]

You guys made bets on dogs?

[James]

No, we made a deal where he's like, hey man, I feel bad. So I'm going to give you a bulldog because I'm breeding my blue nose pit bull. Or it was a pit bull and you're doing pitbull.

[Caleb Hammer]

It's not even bulldogs because pit Bulls. They breed themselves, but no.

[James]

So he ended up not breeding the pit bull. And so he called me, like, a year later. He's like, hey, I still you dog. And I was like, yes, you do. He said, go. Drive to the Tri Cities. You can get this Frenchie. Turned out that I was buying the Frenchie, so it was, like, a really weird thing.

[Caleb Hammer]

And they are not cheap. How much?

[James]

12 grand.

[Caleb Hammer]

$12,000.

[James]

$12,000?

[Caleb Hammer]

Not 1200. $12,000 for a Frenchie?

[James]

How do you get a third of a Frenchie?

[Caleb Hammer]

How do you get a third of a Frenchie?

[James]

So co ownership.

[Caleb Hammer]

What?

[James]

Yes.

[Caleb Hammer]

Are we talking about. What the. Do you even. What are you on about?

This doesn't make any sense. You're not renting rooms in a house you're not owning a third of.

[James]

No, it's a third of the breeding rights. So I. The dog was mine. I own the dog. But the litters.

[Caleb Hammer]

Doesn't sound like it.

[James]

Okay. The production of the animal is what I own a third of. So the dog stays in my house. She's my dog. But the litters that I was at that point contractually obligated to have, I owned one third of the production of what you're doing. Except for the first litter.

[Caleb Hammer]

French Bulldog Empire.

[James]

Oh, the. The first litter I got nothing from. I actually bought a dog from the first litt of the litter that I made. So I had a litter, fell in love with one of the animals, bought that animal, paid. No, sorry, $3,500. I bought half of that dog.

[Caleb Hammer]

Bought half of a dog?

[James]

Yes.

[Caleb Hammer]

Okay.

[James]

Yeah. So, you know, it was kind of one of those things where I got a little on the first one, so I got in on the second one in a better deal. No, no, no.

[Caleb Hammer]

1200. You spent 12,000 for a third of a dog?

[James]

12,000.

[Caleb Hammer]

12,000 for a third of a dog.

[James]

Just wait until we get to the studs.

[Caleb Hammer]

The what?

[James]

The studs. The boys. Because these. These the moms. Right. So I bought one of the first litter because I didn't get anything from the first litter of the dog that I paid $12,000 for 1/3 of. I only got a third of the second and third litter. We didn't end up having a third litter. So I paid 12 grand for one third of one litter?

Yeah.

[Caleb Hammer]

Okay. Okay.

[James]

The next dog I had full.

[Caleb Hammer]

Wait, how did you possibly even come close to affording 12,000 dol. I'm sorry. Like, even on the 68. 12,000. It's an insane amount of money.

[James]

It was a friendly loan, like how friendly loan it was from them. They. I owed them $12,000, of which I.

[Caleb Hammer]

Was the person that sold a third.

[James]

Yes. So I left their house with the dog without any money transferred.

[Caleb Hammer]

Sake. That's impossible. Is there a contract signed?

[James]

No.

[Caleb Hammer]

What, not even for the ownership?

[James]

No. What? No. Yeah. So it's a buddy of a buddy I have a really good friend that I've trusted for a long time. That is the one of the thirds of the mom. Right? So he owns a third. The people over in the Tri Cities own a third. I own a third people in Tri Cities.

[Caleb Hammer]

Is that. Is that not Minnesota?

[James]

No, it's Washington.

[Caleb Hammer]

The Tri Cities. Is that not.

[James]

It's Washington. It's okay.

[Caleb Hammer]

It doesn't matter. Keep going.

[James]

Anyways, good buddy, who I did some work with, owed me a pit bull. Ended up not breeding the pit bull. I got the Frenchie. I got a third of the Frenchie. I bought half of one of her daughters that I bred. It was an unfortunate situation and I was planning on continuing with the daughter. We ended up having one more litter with the mother.

[Caleb Hammer]

How many dogs were being born of these litters?

[James]

So the first litter was four. The second litter. No, the first litter was three. No, it was four. Second litter was four. The third litter was two. So that's how I got my third dog, which is Leia. I kept one of the two. It was Luke and Leia. And.

She is supposed to be a dog that makes money.

[Caleb Hammer]

You okay?

[James]

We haven't had a litter with her yet.

[Caleb Hammer]

You took out a $12,000 personal loan for her?

[James]

Well, for her mom.

[Caleb Hammer]

A friendly loan. Okay. This I'm.

[James]

Yeah, actually for her mom's mom.

So Indigo is who I own a third of.

[Caleb Hammer]

Oh, the names are not gonna help.

[James]

Okay.

[Caleb Hammer]

Okay.

[James]

How do you wanna go about this, Caleb?

[Caleb Hammer]

Can he draw it? Yes, we can try and draw this. Listen, maybe. Maybe I'm a. I don't know. But it starts with the 12,000. So I want you to draw how many dogs and the price tag associated with them and draw the line. So what the is happening if I'm gonna audit this dog operation?

[James]

Okay, so I own one third of indigo. I paid $12,000. She gave birth to Dakota, who I paid 6,500 for.

[Caleb Hammer]

And how did you afford that 6,500?

[James]

I took a loan out.

[Caleb Hammer]

What kind?

[James]

SDCU. Unsecured Personal Loan. Yes.

[Caleb Hammer]

And what's the date that has started? Ish.

[James]

Ish. 2020.

[Caleb Hammer]

What the is it five years ago and we're still dealing with this? Okay, keep going.

[James]

Yeah. So she had a litter. Which I paid $5,000 in medical bills for.

[Caleb Hammer]

What?

[James]

Which had two dogs. I kept one dog. Yeah, every litter is about 5,000.

[Caleb Hammer]

You kept one for yourself? Just personal for fun?

[James]

Well, no, to breed.

[Caleb Hammer]

But listen, if you own a half and a third of that, you just get to keep one.

[James]

Kind of. So I co own this dog with my buddy.

[Caleb Hammer]

Oh my. How many. What are these? These ownership co own. What dog?

[James]

Every dog.

[Caleb Hammer]

What dog? What dog? What dog?

[James]

Every dog.

[Caleb Hammer]

What the what. Which one here?

[James]

This one is Leia.

[Caleb Hammer]

Okay. And you own what percent?

[James]

50%.

[Caleb Hammer]

Okay, then draw 50%. I guess. I don't know. Okay, okay. So okay.

[James]

Okay.

[Caleb Hammer]

Oh my. This is okay. Insanity.

[James]

And then there's Bean. Right. So Bean, I also also owned 50 of. She ended up having heart issues, so she didn't get bred. So she's out of the picture. We re homed her. I didn't pay anything for her. That was like a. Hey, I have a dog, I want to breed it. Will you take it? I took it and then we got it checked out and I was like, I'm not gonna breed this dog. So from there I bought. I bought.

[Caleb Hammer]

This one's a fat one.

[James]

One eight.

[Caleb Hammer]

Oh my.

[James]

Of my stud one eight.

[Caleb Hammer]

A stud is a stud. Man.

[James]

A man, $40,000. This is. I bought half of this dog for 6,500.

[Caleb Hammer]

Okay, I'm confused. Is this a woman or a guy?

[James]

Yeah. So mom or sorry, Grandma. Mom, daughter. Right.

[Caleb Hammer]

So you are. You're hiring someone's nut throughout those processes?

[James]

Kind of. So the stud was owned by my co owner. So we didn't pay anything for the nut on this one. We paid. You're gonna hate me for this one. We paid 2500.

For the nut for Leia.

[Caleb Hammer]

Uhuh.

[James]

Yeah.

[Caleb Hammer]

Now, okay, you kept one, you got 50% and you got rid of one. Did you make money off of that?

[James]

No.

[Caleb Hammer]

How? Because we.

[James]

So we paid five grand for the medical fees, $2,500 for the stud fee. I sold that dog for $2,000. Oh good.

Yeah.

[Caleb Hammer]

$12,000 for a third of a dog to make $2,000.

[James]

Yeah.

[Caleb Hammer]

Of which you paid 7,500 to produce. Even so on top.

[James]

Oh, we're not to the best part. Right.

[Caleb Hammer]

So okay, the stud you own, what was it? An eighth of the stud. What did you pay for an eighth of stud?

[James]

5,000.

[Caleb Hammer]

You made 2,000 off of a.

For an eight.

[James]

Yeah.

[Caleb Hammer]

Okay.

[James]

Yeah, good. So good. Grandma had another litter, so.

[Caleb Hammer]

So grandma's okay. I appreciate that.

[James]

Yeah. So grandma had another.

[Caleb Hammer]

With who?

[James]

With.

Somebody that we own.

[Caleb Hammer]

You paid for. Not.

[James]

No, no, no, no, no, no. Not on this one. Not on this one. This was a stud that was owned by one of my co owners. So it was like. Yeah, cool, whatever.

[Caleb Hammer]

Okay. Had a litter. What was the makeup of the litter?

[James]

It was four dogs.

[Caleb Hammer]

Okay, four dogs.

[James]

Yeah, four dogs. Right. So we'll just. Whatever. Four dogs.

[Caleb Hammer]

No, no, no. Now to be clear, if you own a third of this, but there was a nut from another thing, your dilution is probably more.

[James]

Right.

[Caleb Hammer]

You're diluted.

[James]

So I own one third of all of those dogs.

[Caleb Hammer]

Wait, really? It doesn't make any sense. There's a nut with the nut. Not bring also an entire.

[James]

No, no, no, because when you're co owning, the nut is free. If the. If free, if the stud is owned by one of your co owners, then it's one of those things where it's like, okay, we're going to use this dog.

[Caleb Hammer]

Okay. So rather than the third of grandmas.

[James]

Yeah. So I sold one dog for $2,000 and then the rest of the litter went over to 2000.

[Caleb Hammer]

So you got what, what is that, 600, 700?

[James]

Yeah, 660 bucks or something like that. Right. So the rest of the litter went over to the Tri Cities to my co owner.

[Caleb Hammer]

Why?

[James]

Because she was better at selling dogs. And then she stole them. The whole litter.

[Caleb Hammer]

What?

[James]

Yeah. Does that mean full radio silence? Stole the dogs. There was conversation of us going and kicking her door down and taking all of our animals.

[Caleb Hammer]

Mob.

[James]

The mob. It was getting there. It was getting there. We ended up trying to be good people and we left it be because it was one of those things where.

[Caleb Hammer]

It'S like, I don't know if that's good people.

[James]

I'm not going to jail over.

[Caleb Hammer]

Well, no, I think there's a difference between doing nothing and breaking in someone's door.

[James]

Yeah, there's a difference. And there's a middle ground, which is.

[Caleb Hammer]

What I would have done.

[James]

What I did was I commented on all of her Facebook posts and I started talking my shit and trying to, you know, leave a little bit of a mark on her business. But obviously that's not going to do all that much.

It.

[Caleb Hammer]

Not in your position.

[James]

No, not in my position one bit. But yeah, she stole three dogs from me. I hate this woman. With a burning passion. She's a terrible human being.

[Caleb Hammer]

Hey.

[James]

Yeah. So that litter just disappeared, Right? Leia was. Sorry. Leia was going to have a litter.

I didn't really want to have a litter.

[Caleb Hammer]

With her. And so I hope you're not having it with her.

[James]

Hey, what I do in the comfort of my home. Right. Anyways.

[Caleb Hammer]

No, no.

[James]

So we talked about having a litter with Leia. I am contractually me and my buddy. My actual buddy, who I co. Own. Okay. The nut would be cheeks.

[Caleb Hammer]

Oh, cheeks. Okay.

[James]

So who we would use for free, because I own an eighth. My buddy owns a. An eighth or a quarter or something. So, yeah, there's a dude who owns half of the dog. That's who made the dog. Then there's a dude who owns a quarter of the dog who the guy sold him to. And then.

[Caleb Hammer]

Oh, good.

[James]

He sold half of his half because it was a 50. 50. He sold half of his half, which would be a quarter to my buddy, and my buddy sold half of his quarter to me.

[Caleb Hammer]

Okay, so a litter happened.

[James]

No.

No.

[Caleb Hammer]

We were.

[James]

We were getting ready to go with Leia, and then we got an offer for Rolex. Rolex is a dog. Is a dog who has amazing genealogy. She's like one in a million. Dog comes from, like, all these big dog names. Right. So we got an offer to take Rolex for free. We took Rolex. So now we're gonna put Cheeks toward Rolex, which is my last contractually obligated litter today. Like you're doing months March.

[Caleb Hammer]

Wow. So this all leads to now. So you've done nothing but lose tens of thousands of dollars.

[James]

You know, I've been taking care of stuff as it's coming, but it's putting me in a really toug.

[Caleb Hammer]

Yeah. By the way, why is a third of a dog $12,000 when the litter of that dog is 2,000 hours a dog?

[James]

Well, so the. These people had also just gotten into the business. Their first year. They made 200 grand cash out. Made money. The economy crashed.

When Covid.

[Caleb Hammer]

So like Covid's, when everyone was spending money on dogs. You remember when everyone got a dog? Covid.

[James]

Yeah. And then the end of COVID Right.

[Caleb Hammer]

So the end of COVID The economy was doing fine. Inflation. Okay. The market crashed with the job market was still good.

[James]

Yeah. But Nobody was spending 8, 10, 12, $15,000 on a French.

[Caleb Hammer]

What? In general. That's insane.

[James]

Rich people, man. But yeah, so they made 200k. Right. And that's what I got in on the premise of. And then, you know, a year went by. I had a litter. I didn't get anything from that litter. I bought half of a dog from that litter. They made money on that litter.

[Caleb Hammer]

Wait, you were trying to sell Colton One.

[James]

Well, no, trying to sell Lindsay one.

[Caleb Hammer]

Oh, you're trying to sell Lindsay one.

[James]

But she has a friendship. Yeah. And she wants another. Well, I love her dog. Her dog. I'd make a trip down here. Like, I have no problem doing that. Just saying.

[Caleb Hammer]

Do the math for me. How much does this all cost? Not non. After earnings. How much does it cost? Medical bills and everything. Do the math.

[James]

Yeah. So 5, 10.

[Caleb Hammer]

Okay, I'll do it.

[James]

25, 30, 35. Probably around 50,000, including medical purchases a year on the. Yeah. To make $4,000.

[Caleb Hammer]

It's.

[James]

You look about as happy as I am on the inside.

[Caleb Hammer]

Not a good return on investment.

[James]

No, no, it's been a travesty.

[Caleb Hammer]

It kind of is an mlm. It kind of is.

[James]

It kind of.

[Caleb Hammer]

Because the fact is you're buying into it with the hope to, like, sell your product.

[James]

Yeah.

[Caleb Hammer]

And like the people that made money were the ones that owned all of it. Made dogs, sold them off, and now they're selling a percentage of it because they made money. So they're like, look how much this is worth. Give me a shit ton of money.

[James]

Like an mlm. I am trying to sell to other breeders. So, so, so, so, so, so sell to other breeders.

[Caleb Hammer]

So who Dogs. Like, it really is an mlm. So you breed the dogs. The dogs that are born. You're like, you will make money off this.

[James]

Dogs that are. There are dogs that are, that are. That are pet animals. And then there are dogs. Yes, there are dogs that are specifically designated to be pet home animals. There are also dogs that. It's like, holy crap, this is a nice enough dog that there's probably going to be somebody who wants to make dogs with this dog.

[Caleb Hammer]

And you're doing this all in a 700 square foot home.

[James]

Well, what the.

[Caleb Hammer]

How many dogs are in your house?

[James]

6. Five Frenchies and a blue nose pit bull.

Oh, yeah. Oh, we clean a lot.

[Caleb Hammer]

Who's we?

[James]

Me and my girlfriend.

[Caleb Hammer]

You got a girl, Lisa.

[James]

That's her fake name.

[Caleb Hammer]

Oh, okay. She's. Does she know you lost $50,000?

[James]

Yeah, she's very aware.

[Caleb Hammer]

And her thoughts on that after dating the guy for two years. Two and a.

Yes. And two and a half years means we might be going towards marriage. She's okay with marrying?

[James]

Yeah.

[Caleb Hammer]

Why? Because reproducing.

[James]

I'm with the dogs.

[Caleb Hammer]

You're gonna breed her soon.

[James]

I have a really.

But I have a really good plan, generally speaking. Like, I know what I'm trying to do.

[Caleb Hammer]

Oh, good.

[James]

I'm trying to be. I'm trying to be debt free in the next 12 months. And I.

Yeah, I have. I have a map. Like, I know where I'm trying to go.

[Caleb Hammer]

Yeah, show me.

[James]

It's in my head, bro.

[Caleb Hammer]

It's your life. Erase and draw.

[James]

Then we go back to drawing my total monthly bills. 4,680. Right. So I hope.

[Caleb Hammer]

We'll see.

[James]

Okay. That's like what I owe to people, not including. That's.

[Caleb Hammer]

That's what you owe to people.

[James]

Not like individuals, but like banks, etc. Like my house, my car.

[Caleb Hammer]

Spent hundreds more than that, by the way, last month. But keep going.

[James]

Yep. Yes, I did.

So 4680 is my monthly not including.

[Caleb Hammer]

In this plan.

To solve this. So the girlfriend can marry.

She's still married?

[James]

Yeah.

[Caleb Hammer]

Your girlfriend is married to another man.

[James]

They've been separated for a long time. Gosh.

[Caleb Hammer]

He is married to another man.

[James]

We are in the legalities of it right now.

[Caleb Hammer]

You've been dating for two and a half years?

[James]

Years, yeah. There was a whole plan. There's some finickiness to it.

[Caleb Hammer]

You've been dating for two and a half years?

[James]

Yeah.

[Caleb Hammer]

To a woman that is married?

[James]

Yes, sir.

[Caleb Hammer]

What the is going on?

[James]

I mean, there's really not too much of a story to it. They were married for a long time.

[Caleb Hammer]

And a half years.

[James]

They were separated for a long time. She stuck around because his kids. Not her kids. His kids were like family tour. So she was, you know, parental and they stayed together. They moved to America because she's German.

And, you know, they were separated and then eventually, you know, we met and.

[Caleb Hammer]

It'S taking so long.

[James]

There's not really an answer to that. We just need to get it sorted. We're in the works of talking to a mediator right now.

[Caleb Hammer]

In the works to talking to. Look, private student loans can make you feel like you're one missed payment away from selling your grandma's heirlooms. We miss you, Grandma. Why? Refi says, chill out. No more sacrificing the family jewels. They don't reduce you to a credit number. They actually want to see if you actually plan on paying them. And by the way, they're providing interest rates under 6%, which is practically a unicorn in the student loan jungle. I mean, some lenders want to charge so much that you'd swear they're putting your firstborn on layaway. And tired of monthly payments so high you can't afford a single sweet treat. Wirefi has gotcha. They'll rearrange your payment plan, ease the monthly hit and Even let your poor co signer off the hook, mom or dad can finally breathe. Oh, and if you think you'll just get stuck in a call center, guess what? 4.6 stars. And Google says why Refi actually picks up and treats you like a real human shocker, right? In finance, that's about as rare as me not slamming the desk every single episode. So. So if you're done fantasizing about robbing a bank, don't do that. By the way, check out why Refi? They're here to help you actually crush these loans without selling your kidneys on the black market. Head to yrefy.com hammer that is yrefi.com hammer or call 889-733-978 that is 889-733978 and see how a real personal approach can help you escape the private loan nightmare. Because let's be honest, living with crippling debt until you're 90 is not the retirement plan you dreamed of. Wanna know a dirty little secret? And no, I'm not starting an Only you're not broke because you suck with money. You just can't see where it's going. If your bank account is empty at the end of every month, that is not bad luck. That is bad tracking. And it's exactly why I use Dollarwise. It shows you exactly where your money's going every single month. Spending, subscriptions and savings all in one simple dashboard. Everything you need and nothing you don't. And when you download Dollarwise today, you'll get to try it for free. Plus 3 months for just 9.99 so you can finally take control and see what your money's been doing behind your back. Click below to get started. Or are you talking to.

[James]

I have talked to a mediator. We need to get it sorted. He is an interesting character, so we need to get him on board with it.

[Caleb Hammer]

How long have you guys lived together in this? Two and a half years of dating.

[James]

Year and a half.

[Caleb Hammer]

Okay, well. And you paid for her moving cost the main to Spokane.

[James]

We paid for it.

[Caleb Hammer]

Who's we? You and her?

[James]

Yeah.

[Caleb Hammer]

Well, okay. Could you afford that? 10,000 hours a year on. No.

[James]

We also couldn't afford the move, but we did it anyways because it was kind of like a closing window.

[Caleb Hammer]

Why?

[James]

Because he's. He's angry and it was one of.

[Caleb Hammer]

Those things in a murdery fashion, in.

[James]

Like, I'm not gonna let you have your stuff fashion. And then he finally said, yeah, you can come get your shit. So we sent some People to go get her shit.

[Caleb Hammer]

Okay. And I want to make.

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[Caleb Hammer]

Sure. I'm understanding this, right? You got into this Pitbull thing? Not Pitbull. Funch. Bulldog. From a friend.

[James]

Yes.

[Caleb Hammer]

A friend sold you on this?

[James]

Yeah.

[Caleb Hammer]

You guys still friends?

[James]

Yes.

[Caleb Hammer]

Really?

[James]

Yeah.

[Caleb Hammer]

Colton's saying you're not.

[James]

No, no, no.

[Caleb Hammer]

It's a different friend.

[James]

Yes.

[Caleb Hammer]

So you got the 700 square foot house with another friend?

[James]

Y.

[Caleb Hammer]

You're on a mortgage with another friend. You can't talk?

[James]

No, no, I. I kind of talked him into it. Honestly.

[Caleb Hammer]

I. Oh, you're manipulative too.

[James]

No, it was. It was very, very amicable. We were talking about buying a house so that we could enjoy our life together like you and our friends. That came out a little weird.

[Caleb Hammer]

Are you a homophobe?

[James]

No, I'm definitely not a homophobe. He was my best friend. We lived together for a long time. I moved out of my mom's house when I was 16. Moved in with him and his mom, finished high school. And then we were talking about he.

[Caleb Hammer]

Finish you off sometimes as well, in an emotional way. That's more gay.

[James]

We decided to get a house together because we're like, we don't want to rent. And I was like, hey, if you'll help me buy a house, then when, you know, in a couple years, I get my shit straight, I will buy you out.

[Caleb Hammer]

You never got your shit straight, by the way. Correct.

[James]

Okay, but I'm trying.

[Caleb Hammer]

You offered what?

[James]

I offered to buy him out of his equity of the house.

[Caleb Hammer]

What. What is all these handshake deals that you're making with everyone left and right. That's a mess.

[James]

Trusting.

[Caleb Hammer]

Well, what trust. Dude, look where you are. This hasn't worked.

[James]

I mean, it's gotten me where I am. Like I have a house of my own.

[Caleb Hammer]

700 square foot house that is hard.

[James]

To sell with a beautiful little yard.

[Caleb Hammer]

And it's hard to sell plants.

[James]

It is hard to sell. But I'm hoping to rent it.

[Caleb Hammer]

It might be okay for rental.

[James]

Maybe.

[Caleb Hammer]

We'll see.

[James]

I. So I. I bought it for 235, like everything included. And now I owe 247. Is. Is the Other part of that. Anyways, getting back to the original story. So me and my best friend were like, yeah, let's buy a house. Let's get somewhere that we can do our stuff. Right? And then me and his girlfriend. I still consider him one of my best friends. We're not talking at all. I love him to death. Yes, I. It's a rough situation. Me and his girlfriend didn't get along very well.

I was dating a horrible human being. Actually, I was engaged to a horrible human being.

[Caleb Hammer]

Oh, engaged.

[James]

Yeah. She ended up cheating on me with her ex husband.

[Caleb Hammer]

Did he have hair?

[James]

I think so. I did too, at the time, though. We got into the house, and me and his girlfriend didn't get along. My girlfriend was sticking forks into light sockets like terrible human being. Just trying to.

[Caleb Hammer]

Was she actually doing that?

[James]

No, like meta. Metaphorically. She was trying. She was trying to burn my friendship down. She was, like, trying to isolate me.

[Caleb Hammer]

She f. Another dude.

[James]

Yes, she did.

[Caleb Hammer]

That's the big one.

[James]

Yeah, that's. Yeah. But I care more about the fact that she ruined my friendship because she.

[Caleb Hammer]

How did she ruin it?

[James]

She made it easier to ruin. She was. She was telling him, oh, well, you're too late. This and that. You can't be in these celebrations and everything. Like, it got to the point where he didn't even feel comfortable saying happy birthday to me.

[Caleb Hammer]

You didn't break up with her?

[James]

I did. After I figured all this out. You didn't know she was sly. She was sly. I knew when she. The dude. That was when it all ended.

[Caleb Hammer]

How'd you find out?

[James]

Because we had life 360, and she didn't hide anything. And it was just like you're at somebody else's house. And her ex.

[Caleb Hammer]

Husband. Yeah, husband. A couple years ago. You're 26 now and she was your fiance. What is your life Wacky? Let me see what she looks like.

[James]

Yeah, I can't click on her profile, so I might have to give you her name.

[Caleb Hammer]

Profile on what?

[James]

Facebook.

[Caleb Hammer]

Good news. I have a Facebook.

Who blocked who?

[James]

I said my piece and she blocked me.

[Caleb Hammer]

What'd you say?

[James]

That she was a dumb, cheating whore and that she deserved to get like, she him.

[Caleb Hammer]

Is that there?

[James]

Yeah.

[Caleb Hammer]

I'd rather cut my dick off and play tennis with it, then help you with anything.

She said. That's fine. And then. And then you say, perfect. If you could please refrain from any future contact. I'm attempting to lower the amount of dumb cheating in my life. She said never cheated, just left. But I got it thanks. And then you say, lmao. You're full of shit. Bye.

[James]

Okay, I'm gonna have to try and dig through my photos because I can't find her on your Facebook either.

[Caleb Hammer]

It's interesting. Your response to cutting off your dick was a response to a message that was from her after a long couple months of nothing, where she said, I hope you're doing well. I messaged and I saw her and got married. I know this is a weird question. I'm sure you don't want to hear from me, but I was wondering if you could tell me the games we were. We used to play on Xbox together.

[James]

Yeah.

[Caleb Hammer]

And then you said, I'd rather cut off my dick.

Can't find her.

[James]

No, I can't.

[Caleb Hammer]

In Instagram. I don't.

[James]

I mean, I'm sure she has one. I barely use Instagram.

[Caleb Hammer]

But here, put it on her name then. And that destroyed your friendship with the guy. You couldn't resume it and saying, like.

[James]

Said me and his girlfriend also really didn't get along. And there was a point where, you know, it was kind of a blow up. I was like, hey, you need to.

[Caleb Hammer]

Fine. Why didn't you get along with his girlfriend?

[James]

It's hard to say this because I'm still trying to, like, repair that friendship. But she hadn't had a job. She was, in my eyes, kind of a user. And she.

[Caleb Hammer]

A user of drugs or Him.

[James]

Him. And she. I. I'm just gonna look her up real quick.

She did things that I just didn't really appreciate.

She wouldn't say much about.

[Caleb Hammer]

But you cannot like her and hold your tongue for the sake of your boy.

[James]

Well, yeah, but when there are literally dirty dishes in the cupboards because she can't clean things and there are.

[Caleb Hammer]

Yeah, that sucks. Doesn't mean you have to be horrible about it. I don't know.

[James]

Well, and I wasn't even that horrible. Like, the last conversation that we had, I was like, hey, you need to make sure that your girlfriend is doing this and that. And he's like, well, you should talk to her yourself. And I was like, I. He's like, she's right behind you. And I looked at her and I was like, I'd love to, but every time I bring anything up, she just breaks down in balls. And then she. She, like made a. Ah. Face and then started crying. And I was just like, yeah, I. I don't know what to do with this. I was like, see? And then he's like, all right, well, as soon as you can get me off the mortgage, blah, blah. And I was like, okay, well, I can cover the bills right now, so if you want to go, you can go. And then he left without any money. And that's the six.

[Caleb Hammer]

And how long has that been?

[James]

20, 23 and a half. And, yeah, that's the $6,000 that I.

[Caleb Hammer]

And who's being petty to who as far as what this friendship you're trying to rekindle.

[James]

I've reached out to him, and I was like, hey, man, you know, I. I quit drinking. I'm doing better with myself. And, like, I'm really sorry how everything happened, and, like, if anything that I did was shitty or whatever, you know, and he said. He said, I appreciate that. I'm glad there's no bad blood. And then that was pretty much the end of it. Like, there was no further communication.

[Caleb Hammer]

You didn't say, let's go get a drink or let's get coffee or.

[James]

I tried to. Well, I didn't try to say that, but it was one of those things where it just felt like there was no openness for communication.

[Caleb Hammer]

You know, that man can rub oil on your head. Before he went to bed in his mother's house, you can ask him for coffee.

[James]

Yeah.

[Caleb Hammer]

Maybe we repair this friendship in the post show. Maybe we call. Call the friend in the post show and we repair a friendship. Yeah, it's worth it. Stop being a pussy.

[James]

Okay, all right, fair enough.

[Caleb Hammer]

Listen, I've lost friends once in my life. That sucks. And sometimes people can be kind of petty middle schoolers, and that is hard to deal with, but it doesn't sound like either of you are, so it's repairable and worth it.

[James]

Wow. I did delete all my photos of her.

[Caleb Hammer]

Oh, my. Okay, just show me a picture of you with hair.

[James]

Oh, there she is.

[Caleb Hammer]

Oh.

Listen. I mean, I don't know. It's just. It's just one picture, but she's kind of cute. Wait, is this the current.

[James]

No, that was my previous profile picture. I don't. I don't care to update my Facebook very often.

I am not one for social media very much. By the way, me with hair when I was, like, 100 pounds lighter.

[Caleb Hammer]

Yeah, that.

[James]

And that was. That hair was.

[Caleb Hammer]

It was running away.

[James]

Oh, yeah, that's. That's when I was trying to cover up the baldness and.

[Caleb Hammer]

Let me see the current boyfriend. Girlfriend. Sorry. You seem very gay. And we love it. And we love it.

[James]

I'll just let you look through her profile pictures.

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[Caleb Hammer]

She's pretty too. You do.

[James]

She's gorgeous. I love her to death. She's amazing.

[Caleb Hammer]

Yeah, you do. Okay.

[James]

And she's German, so she's actually got concerned about the.

[Caleb Hammer]

The rings though, you know, piercings. Oh, very, very. Like she'll vote in a communist.

[James]

My God person. We don't talk about politics much.

[Caleb Hammer]

I wouldn't with her.

[James]

Yeah, she would.

[Caleb Hammer]

She will cancel you. She will call you a predator.

[James]

No.

[Caleb Hammer]

Okay. So what do you think your finance score is? 0 to 10, 0 being the worst, 10 being the best.

[James]

Half point five.

[Caleb Hammer]

Oh, okay. If you want your financial score, take the assessment. It is free@caleb hammer.com see where you stand in the world of money, where you need to get your together, where you're doing pretty well and what you need to do to fix it. And if you don't want to be like a guest who ends up on the show, make sure you download the dollar wise budgeting app. New features being added every single month. It's incredible. It is incredible. Now tens of thousands of subscribers for a reason who are changing their lives. Check it out. There's a free trial. Dollarwise app links in the description below. Save a lot of money by switching to the annual version. If you like it and when you do, only for two more months, I will personally sign my budget friendly cookbook and mail directly to you. After that, they're going away forever and there's no way to get them. Check it out. Dollarwise app. All right, let's get into this. Let's get into these numbers. I finally. I mean, I got your. I got your little lore. Okay.

[James]

My little.

[Caleb Hammer]

Your lures. It's so stupid. This dog thing is one of the most idiotic, most moronic things I've ever heard in my life. Ever heard in my life. Okay. And your current girlfriend looks like someone who is the opposite of able to manage finances in every way whatsoever because they're usually the people that spend 98 of their life protesting instead of making money. So I understand why she doesn't care. I understand why she doesn't care about your complete financial disaster. Because she's going to expect a bailout from someone else later.

[James]

I strongly disagree. Good. No, she's. She's on a fiscal plan with me. It's been. It's been a tough couple of months.

[Caleb Hammer]

Yes, that is true. Listen, here's the reality. Here's the reality. I need to learn about your plan because then I'm going to go through this and I'm going to find out your plan is probably bullshit. But the reality is the first statement's a mortgage. Yeah, they never put a mortgage first. You know why? Because a mortgage is boring.

[James]

Yeah.

[Caleb Hammer]

If it is first, that means something is. Meaning you are.

[James]

Oh, yeah. I've been through three finances.

[Caleb Hammer]

In three years.

Why? Okay, well. Why?

[James]

Well, the first one is to get my buddy off, and then the second one.

[Caleb Hammer]

Sounds relatively fair. I guess so he was on the mortgage?

[James]

Yeah, he was.

[Caleb Hammer]

Oh, okay.

[James]

Yeah. No, there's. There was no way I could swing it on paper by myself.

[Caleb Hammer]

What was that? What did that refinance look like?

[James]

It looked like a painful. I. You know, that's why I'm at 247k on something that I originally paid 235 and a half on. I do have a little bit of equity in the house at least, but. Yeah, no, I'm. I'm above where I started at. I'm supposed to be like 265 for property value right now.

[Caleb Hammer]

The address.

To the. Yeah, I mean, the interest rate, it's 6.3. It's kind of in that normal range for today. It's obviously not those beautiful Covid rates for sure, but the fact is.

Regular monthly payment, total amount due. Yeah, it's because you're overdue. You're overdue a payment. That's why it's here. You're overdue a payment on a 700 square foot house that you keep 12 animals? What the is wrong with you, Dick? What is. Dude.

[James]

It was.

[Caleb Hammer]

I'm sorry. A small gust of wind in this thing is gone.

[James]

So it was built. This thing is falling apart 1922.

[Caleb Hammer]

Listen, do we have consent to put images with things blurred on screen?

[James]

Yeah, I guess that's okay.

[Caleb Hammer]

So let's make sure we do that. This.

Even though it's on a slab, is so. I don't want to shit all over the place, but this is worse than.

[James]

A trailer built in 1922 as a chicken coop.

[Caleb Hammer]

Oh, you live in a chicken coop. He's refinanced the chicken coop twice in three years.

[James]

Yeah, it's actually a pretty. Pretty cool little story. So it was built in 1922 as a chicken coop. Some low or some down on their luck. Family members moved in in the 50s and then they put.

[Caleb Hammer]

Yeah, only down on the block would move into a chicken coop and they.

[James]

Lived there without running water for like a year and a half. And then they put an addition on with a bathroom and a bedroom and they put a sink in. They made it a little kitchen. And then late in the 50s also you equity position.

[Caleb Hammer]

No, because Zillow is honestly usually very generous in terms of what they give you. And Zillow has gotten better over the years, but it literally marks it as.

You having an equity position of like $5,000. You having an equity position of $353.

[James]

Oh.

[Caleb Hammer]

What?

[James]

That's insane.

[Caleb Hammer]

The generous platform.

[James]

That's insane.

[Caleb Hammer]

No way. You're not negative. And even if you sold it today, you would be having to write checks.

[James]

Yeah. Uh huh.

[Caleb Hammer]

Why the would you buy this? I'm sorry, I've never called anyone's this because usually a home's a home and it's nice. This piece of shit. This is a piece of shit.

[James]

It was completely torn down and renovated in like 1999.

[Caleb Hammer]

I have the pictures of what it was when you bought it.

[James]

Yeah, the exterior is a little rough.

[Caleb Hammer]

And I would never say this about anyone's home. I really wouldn't and I never thought I would. This thing's a piece of shit.

[James]

I'm sorry, I strongly disagree.

[Caleb Hammer]

But D. We are putting images on screen. This thing is a piece of shit. I would rather have a trailer any and every day. No, I would rather live in a camper. A camper that expands.

[James]

You're crazy.

[Caleb Hammer]

No, campers are. No, no. Guys, everyone, I'm sending this link to to the chat right now.

[James]

Most of the reason that I bought it was the backyard.

[Caleb Hammer]

The places have yards. Yeah, but raisins have yards, dude.

[James]

Plum trees, cherry trees, pear trees, raspberries, blackberries. Buy those raised garden beds, fully insulated shed.

[Caleb Hammer]

Okay, review of the house, everybody. I'm not trying to meme on someone's house. We never do this nor apartments. But the fact that you have a negative equity position, if we're being real on a pretty crazy balance for that.

[James]

It's also a direct stepping stone. I mean, it's not somewhere that I intended to be for more than a few years. As soon as I get like bad debt free, I'm planning on, you know, putting as much money.

[Caleb Hammer]

I'm glad you're able to speak in reasonable terms, but shut the. I'M sorry, that's. Come on. What are we doing here?

[James]

Enjoying life, man.

[Caleb Hammer]

I don't think anyone would enjoy living in this.

[James]

Okay, well, I have a lot of shelving units. It opens the space up a lot.

[Caleb Hammer]

He put in shelves. And your girlfriend, when she saw this.

[James]

Place, she thought she. I think her exact words were, it's quaint.

Yeah, she really wants to move.

[Caleb Hammer]

And you're over.

[James]

Yeah, yeah, she really wants to move me too.

[Caleb Hammer]

And you're over your past due. On this. On this. So, guy, what is possible by the way on that which you just saw of which you could rent Something nicer than that objectively borderline anywhere for less than this. But his normal minimum payment is $1,933.32. What's even the purpose of purchasing this? I do not understand. Because you don't have an equity position you got with a friend, which is objectively stupid. And rent would be cheaper. In what way possible? For a better place. In what way possible? This is the dumbest home purchase I have seen. I hate land dumbest home purchases.

[James]

I, I, I went to nine schools. Moving everywhere and dealing with doesn't make this not stupid. There's a difference between stupid and in.

[Caleb Hammer]

Looking at that now you have to remember there's 12 animals living there. 11 of them are average two bedrooms home house with yards rents in Spokane 1590. Your mortgage payment is usually a three bed, two bath. In terms of rent at a nicer place.

[James]

That's not what you're actually going to get for a mortgage in Spokane. I mean, I looked around.

[Caleb Hammer]

Asshole.

[James]

Well, you said your mortgage.

[Caleb Hammer]

Yeah, your mortgage would pay for a nicer three bed, two bath place with yard asshole rent.

[James]

That is true.

[Caleb Hammer]

Of which you don't have to sell and write a check for to sell.

[James]

Yeah, but I'm not planning on selling it this year.

[Caleb Hammer]

You do not have an option.

[James]

Planning on building it up a little bit maybe?

[Caleb Hammer]

No, no, you are not building. You're not adding on.

[James]

The only.

[Caleb Hammer]

No, no, no, you are not.

[James]

Is I want to put a closet. Like a real walk in closet. That's all I want to do. It cost me $5,000 and it would make everything a lot more comfortable. And then I could rent it out very easily.

[Caleb Hammer]

Who's renting that? Who's. No, no, no, no, no, no, no. Because you get again, we just pulled the average two bed, one bath nice places is rent. Who are you renting this to to cover your mortgage?

[James]

I don't think that's the reality in spoken.

[Caleb Hammer]

Okay, this Is not the reality.

[James]

When I feel, when I look, when I looked for something to rent, anything around fifteen hundred dollars was like I.

[Caleb Hammer]

Don'T trust your look. Your looks. A dear look is dumb. And also that's gonna. That come on. That's a lower the totem pole rent. But either way, terms of a property that someone would rent, that is lower the total.

[James]

Maybe in like Brown's Edition where you're surrounded by gangsters and drug addicts and.

[Caleb Hammer]

You call them Browns.

[James]

No, it's the Edition. The guy who, the guy who built Brown's Edition was Albert Brown or something.

Every neighborhood in Spokane is named after somebody.

[Caleb Hammer]

Can we call Tyler in here?

[James]

What did I do?

[Caleb Hammer]

I just saw you.

Tyler, I have, I have concerns here. What happened, Kayla?

[James]

What did he do?

[Caleb Hammer]

He called drug dealers and criminals Browns.

[James]

No.

There'S a neighborhood in Spokane called Brown's Edition and it's named after some white dude named Albert Brown or something like that. But no, it's. It's the shitty part of the town for sure.

[Caleb Hammer]

So you call it the Browns?

[James]

No, it was called the Browns Edition. It was actually really nice in like the 40s, 50s and then it.

[Caleb Hammer]

And then collapsed. Why?

[James]

Drugs from drug addicts. I mean there's a lot of. In Spokane, in downtown, I mean. Yeah.

[Caleb Hammer]

So, so, so who, who lives there though?

[James]

Like what kind of drug addicts?

[Caleb Hammer]

Like what kind of people though?

[James]

Well, so we have Bloods and Crips in Spokane, like quote unquote, you know what I'm saying? So I mean there's a dude who walks around downtown. His name is Blue.

[Caleb Hammer]

Then what color is blue?

[James]

I don't know. He's always wearing a blue tracksuit though. So like what's his, what's his. What's the skin tone though? I think he's black. Oh man. But that's not my f all.

[Caleb Hammer]

It's a win win. You get money and I get money. These are called affiliates. And you get that sweet, sweet cash for signing up for some amazing products. The first one is Chime. This is a checking account that I personally use. And you get up to a $350 bonus with a new Chime checking account and earn up to 3.5% APY on your savings. And second, my investing app of choice these days is Webull. And get a 2% match on all of your money that you trans for over. And finally sign up for automated investing with acorns. Typically the sign up bonus is only five bucks, but with my link you get $20. Ladies and gents, you get money. I get money. Enjoy. Links are in the description below. You asked for it and I'm delivering a way to connect the dots to see how the stuff we talk about applies to you, your money, your debt and your goals.

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[James]

So you're about to make a trade based on a friend's text, but which you do you listen to is it?

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[James]

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[Caleb Hammer]

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Okay. A brother named Blue. I need a racist score from our friends. 0 to 10. 0 being the least racist, 10 being the most racist.

See, I don't feel like he's intentionally meaning to be.

[James]

I'm just gonna give you a smooth six.

Blue's Crazy.

[Caleb Hammer]

If you want to figure out how racist you are, go to caleb har.com racist take our racist assessment. See if you need to see it. See where you need to improve your racism or where you need to let off the gas a little. That's a thing we have that it is now.

[James]

No, it's a crazy city though.

[Caleb Hammer]

Do I need to get him back in here? What's crazy about it?

[James]

Cause there's like. So downtown is a slum. It's horrible. I mean there are apartments that people pay exorbitant amounts of money for and what else is there are in shitty neighborhoods? Drugs and all sorts of people.

[Caleb Hammer]

Drugs don't kill people.

[James]

I'm pretty sure drugs kill people, Caleb.

[Caleb Hammer]

Yeah, drugs kill people.

[James]

Yeah, no, I got into a nice little area. It's where they were building railroads back in the day, and it's coming a long way there. There's a bar on my block and I hate it.

[Caleb Hammer]

A what?

[James]

A bar. I want to burn it down. I hate it.

[Caleb Hammer]

Don't say that.

That is a worry. Okay, listen. You are past due on this mortgage for a shanty. Well, sorry for a literal coupe house that you are now breeding. Breeding? Your girlfriend's probably not even willing to get bred in there because she wants to move. She wants to flee before her child ever comes.

[James]

Yeah, I don't plan on having kids in that house.

[Caleb Hammer]

But you plan on renting it, which doesn't make sense for the median rent in that area for places that are nicer. So how. How are you.

[James]

If I can pay a couple hundred dollars a month to rent it out and then eventually have some sort of equity in it, that I can then sell it and walk away, I'm cool with that. I'm not trying to necessarily make money on the house. I'm trying to at least break even at some point.

[Caleb Hammer]

Oh, your realtor that helped you buy this house was your friend?

[James]

Yeah.

[Caleb Hammer]

You have bad friends. You have bad friends.

[James]

I think I'm just too convincing.

[Caleb Hammer]

What?

[James]

No, because she kept telling me, you just let people know. She told me, you need to look at this many houses. And I was like, okay, but I want this house. And she's like, we'll go look at it, but we need to look at more houses. And then we looked at a house. We looked at a house. We looked at the house that I'm in. We looked at a couple more houses, and I was like, I want that house.

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[James]

I chose that house.

Because it was.

[Caleb Hammer]

Dude, I don't. I really don't. Okay. Care, credit. What's going on?

[James]

Okay, so I guess I do have some dog debt. Buy a litter of dogs, man. It's five grand in medical bills and.

[Caleb Hammer]

It'S even worth it to have these litters.

[James]

It can't be. It Was at one point supposed to be. It has not been.

[Caleb Hammer]

What was the trend? I love French bulldogs, but come on, just like everything, it was a trend.

[James]

I mean, there were dogs selling for 200. 250,00.

[Caleb Hammer]

Yes, exactly. Because you, you were in a bubble. Yeah, you were in a bubble.

[James]

It popped.

[Caleb Hammer]

Yes.

[James]

Yeah.

[Caleb Hammer]

And you still owe on it. And you owe these personal people friendship loans as well, right? Still? Yeah, of course you do. Did you pay. How much have you paid back of the 12,000.

[James]

What? 12,000.

[Caleb Hammer]

Purchased a third of your first dog for 12,000.

[James]

That's paid how? You've made four swung. I mean, I didn't pay it with dog stuff at that time. I didn't have any rent because I was still living with my buddy. I was freshly 18. We had just finished high school.

[Caleb Hammer]

18? Is this tick tock?

[James]

I was a brand new adult.

[Caleb Hammer]

What? Did you get groomed like what? No. You talking about freshly 18?

[James]

I'm just being a.

[Caleb Hammer]

No one says that for any other age. Why are you trying to infantilize yourself? Like, I was freshly 18. I couldn't do anything.

[James]

I spent $12,000 on a dog. Obviously I made mistakes.

[Caleb Hammer]

I was freshly 18. No, weirdo, because it's weird. It's setting up to infantilize.

[James]

So I was 18, I didn't have any rent. I was living with my buddy. We were talking about buying a house. And then I was like, hey, I'm gonna drive to Tri Cities and pick up a dog. So I went and picked up a dog and owed a bunch of money. And so I paid all that money and then bought another dog and took out a loan and then bought a house. And this all happened in like a year. And like I was paying off the loan.

[Caleb Hammer]

Okay. You still owe $4,763 on this, which, by the way, minimum payment only, which.

[James]

Is all you do at like a 32% interest rate. Oh, yeah.

[Caleb Hammer]

How long does it take to pay off? No purchases of which at minimum, you'll purchase during the breeding.

[James]

Yeah, at minimum. I think it'd probably be like 15 years.

[Caleb Hammer]

18 years. Dude, what are you. You'll be in your 40s.

What the.

[James]

So it's not deferred, It's. Well, it was deferred. It hit obviously.

[Caleb Hammer]

And then you're going to max it all the way up to the 7,000 when this new breeding hits as well.

[James]

Yeah, I'm probably going to do that.

[Caleb Hammer]

Yeah. No shit. No way. And then you're telling me you have a plan, your plan, $159 is your minimum payment. It's insanity. It's beyond insanity. You've had interest $1,323 this year. Yeah, for past that bullshit of death. This is disgusting. Any fees and stupid. There's no fees on this.

[James]

Okay, so when you miss a payment, like even by a day, right?

[Caleb Hammer]

Fee. Welcome.

[James]

I know, but what I was trying to say is that the late fee on that is the entire payment for the month.

[Caleb Hammer]

Okay. You said I had a plan and you didn't draw it.

[James]

I work.

[Caleb Hammer]

Show me the plan.

[James]

Very hard to not not get the.

[Caleb Hammer]

Plan of what you failed immediately when you told me what your minimums work is. You spent more than it last month by hundreds of dollars. So yes. Tell me your plan. This grand plan. So special plan.

[James]

4680 is all my bills. I'm trying to spend 300amonth on food, which. What is that on a bill on my debt market.

[Caleb Hammer]

Mark this shit so I can follow along. You're just putting numbers.

[James]

Food.

Debt.

[Caleb Hammer]

And just like usual, I'll let you use the fizz card because at least it's the debit card that builds credit.

[James]

Yeah.

[Caleb Hammer]

What the. Because you cannot spend money you cannot control.

[James]

I will allow that. Debts being credit and all that. 4680.

[Caleb Hammer]

That's insane. 4680 is your credit when you bring in. What did you say?

[James]

No. So 4680 is home.

[Caleb Hammer]

Wait, you told me utilities. 4158amonth.

[James]

Yeah, and then my girlfriend pulls in like 26, 27.

[Caleb Hammer]

Why does your girlfriend matter?

[James]

Because why is she contributing to your. Some of it is her debt. We have a credit card together and then she also helps with the house.

[Caleb Hammer]

You have a credit card together with your girlfriend who just moves in a year?

[James]

Yeah. So she has a credit card. I'm on it.

[Caleb Hammer]

Oh.

Why do you do this with everything? Everything. Everything you do, you do the same thing.

Keep going. Because it's already broken. But sure.

[James]

Yeah. So I make 4100.

Income. She makes like 2600. Puts us at 6700. Right. So total with getting by. Okay, so I Forgot Gas, about 300.

[Caleb Hammer]

Oh, is there even a point to have this conversation? It's broken. It's not even working. But keep going.

[James]

We're at like 52 for to survive. Right. 6700.

[Caleb Hammer]

By the way, the girlfriend reminder that is providing money to this and that he's on our credit card with is married to another man. Just reminding everyone. Continue.

[James]

So 6700. We're total looking at 50 to 80 here. So that puts us at what, 14, 20 left over.

[Caleb Hammer]

No, here, let me do the math. Let me do the math. Let me do the math. Can I see? Give me this. Okay. Okay. Add this up. Okay.

[James]

He doesn't believe me.

[Caleb Hammer]

Well, so far it's not working. Doing the equation myself. 300. Food, gas. 350.

[James]

I got the tism. I like numbers.

[Caleb Hammer]

Yet you don't listen to them.

Okay, if I, if I did my calculations correctly and I believe that I did. I believe it adds up to.

[James]

You are.

[Caleb Hammer]

Dude, you are. And that is the math. And that's fair. Like what? That doesn't make any sense. You spent more than you made last month. I don't understand this girlfriend thing. Who even knows if she wants to stick around. I don't know why she would, but I, I, I, I, I. Okay, Okay. I don't know, man. S T C U Credit card.

[James]

It's my least favorite credit card. I hate that.

[Caleb Hammer]

Why do we have favorites and least favorites when it just comes to your.

[James]

So I don't spend on it. Honestly. The reason that it's over, Max. The reason that it's over, Max.

[Caleb Hammer]

Yeah.

[James]

Because you definitely didn't overdraft protection. And I keep getting bit in the ass because I overdraft protection on your.

[Caleb Hammer]

Checking account pulls from a credit card.

[James]

Yeah. And I need to turn it off. I need to, I'm. I need to take all of my bills off of it. Well, and it's.

[Caleb Hammer]

It's protection on a credit card.

[James]

Super, super. Because.

[Caleb Hammer]

Are you telling me you've had 3,642.76 of overdraft protection?

[James]

No, no, no, no.

[Caleb Hammer]

You not spending on this.

[James]

It's been a long time since I spe.

[Caleb Hammer]

Oh no. I've never seen this in my life.

Minimum monthly payments, no purchases. This takes 45 years to pay off.

[James]

It's predatory. I don't understand how credit.

[Caleb Hammer]

You. You're the one who set up auto draft. If you got by auto. You're predatory. You did this?

[James]

Yes.

[Caleb Hammer]

$73 payment.

[James]

Yeah.

[Caleb Hammer]

43 years. 45 years. You're gonna be 61 years old. You're gonna be two years past being able to take money away from your tax advantage retirement accounts.

[James]

If I paid minimum, that is of.

[Caleb Hammer]

Which you can't even do anything more. If we're being completely honest across the board.

[James]

You.

[Caleb Hammer]

Your master's broken. You're. Dude, you had fees. You have fees. What's the fee? Oh, what's the fee?

[James]

It's a five dollar cash advance. Charge every time it overdraft protects.

[Caleb Hammer]

Oh well, it just a cruise on it.

[James]

And the other side you had a 79 cash advance. The other side of that is I also get charged with a 29 overdraft protection fee on my. On my debit account.

Yeah, I ask myself that often.

[Caleb Hammer]

Yet you do nothing. You ask yourself that and yet you do nothing.

You.

You're lucky. The interest rates range between 16 and 22%. But even still you're. You're overdrafting every second of your life. Why are you overdrafting, Dick? Huh? Dick. Why?

[James]

Because I have too many auto pays and I apparently don't pay enough attention.

[Caleb Hammer]

Enough attention.

Miscellaneous alone is $511.24. Not paying enough attention. You. What are you talking about?

[James]

That's honestly better than I thought it would be.

[Caleb Hammer]

Better that. Oh no. That's the reason why you're overdrafting. You. You're spending money you do not have. It is unacceptable. It is disgusting. Disgusting. Who. What is wrong with you? I don't get it. You're over the limit on there. You overdraft protection endlessly. Fees, fees, fees, fees, fees. Did you stop and buy that?

[James]

No.

[Caleb Hammer]

Where'd you get that from?

[James]

Colton gave it to me. It's from the fridge.

[Caleb Hammer]

We have monsters. Usually we're a gamer size company.

[James]

But I appreciate it in there because I told him that I like the white monsters.

[Caleb Hammer]

Oh, sake. No more. You can't afford that shit either. Here. Free samples. What do you want? You want goof juice? You want.

Incel tears?

[James]

Sure.

[Caleb Hammer]

Insult here is actually pretty good. They're very goony. But that is gamer subs. No more buying energy drinks like that for $3. $4 from the gas station. I don't give a what you like. Make a. Make them a home. 25 cents a serving. Gamer subs. Link in the description below. 10 off with my link. By the way, so you can make it even less than 25 cents a serving. You can also get your free samples link below. Type in code Caleb. See what flavors you like and then order them. Make your coffee at home. No more bullshit spending. Make your energy drinks at home. No more bullshit spending. This is so stupid.

[James]

Well that's part of the bullshit spending this month is we got ourselves a nice new coffee maker.

[Caleb Hammer]

Well, as long as you at least make coffee at home. How much did that cost?

[James]

All of the. Oh, about 300.

[Caleb Hammer]

Okay, Quicksilver, what's going on?

[James]

That is our.

[Caleb Hammer]

I see transactions are one with you guys.

[James]

Yes.

[Caleb Hammer]

So stupid. Why. Why did we do this.

[James]

Well, she opened it because she needed to start building credit. Because for her.

[Caleb Hammer]

Why are you American?

[James]

I'm on it. Because there was the occasional time where it's like, honey, I need to do German.

[Caleb Hammer]

That's why. She looks a little bit freaky. Okay, no, never mind. She's not.

[James]

I told you, never mind.

[Caleb Hammer]

She's not. She's not a canceling person. She's just like.

[James]

Like, doing her shit.

[Caleb Hammer]

Deep down in her heart, she still has a little bit of love for the Fuhrer. She's, you know, there's. She's just a bit freaky. She's just a bit freaky.

[James]

Make a lot of Hitler jokes.

[Caleb Hammer]

Oh, I'm sure. And she throws that Heil.

[James]

Every time I've tried to get her to. She won't.

[Caleb Hammer]

In her sleep.

[James]

She's a sleeper agent.

[Caleb Hammer]

Why are you on.

[James]

Was just convenience.

[Caleb Hammer]

You know, what was convenient for who and what.

[James]

There were a couple of months where we threw a little too much toward our debts and got pinched and spent a little too much on some. And there was a, like, I needed gas type thing, you know, because I drive about 3,000 miles a month.

[Caleb Hammer]

Why?

[James]

So.

[Caleb Hammer]

For the dog shit.

[James]

No, no, no. So the company that I'm with, right? So I'm. I'm trying to be done with the dog shit, okay? I've lost way too much money, as you're aware. So the company that I've been with, I've been with them for a little over a year at this point. But when I was coming up on, like, my 11th month, they told me that I'd be stuck at the assistant manager position for years, okay? And so I wouldn't say that, because they were just telling me, like, hey, yeah, we're gonna need you to prove you're able to do this. Blah, blah. And I was like, okay, well, then I'm gonna go get another job. So I went and got another job. Worked there for four days, and then they're like, hey, you want a store?

[Caleb Hammer]

Okay, so why are you driving?

[James]

Because the story they gave me is in Idaho.

I drive 51 minutes to work every day.

And I do sales calls every Tuesday.

[Caleb Hammer]

Oh.

[James]

Oh, yeah. So that's why I went and bought my little Mazda, because my truck gets.

[Caleb Hammer]

Like, $2,876.82 on this quicksilver card, which, yes, you do owe, because you're on it. Yeah. 109 minimum payment. Why are we purchasing on a card that we can't pay off? That is accruing. Interesting.

[James]

Like I said, we Just played it a little too close.

[Caleb Hammer]

We're above the limit. So she's turned.

[James]

No, we're not.

[Caleb Hammer]

Oh, no, you're not. I read that. By a thought. Okay, you're. Listen, you're still holding a balance on a card that you are not paying off that is accruing interest. And you're certainly above that 30 utilization that we look for. So she's trying to build credit. She's her credit and you're helping to her credit.

[James]

No, the debt. The debt to income is bad or the debt to income isn't a piece of piece.

[Caleb Hammer]

Yeah, this is still utilization.

[James]

Piece. It's not.

[Caleb Hammer]

This is a utilization.

[James]

It's not.

[Caleb Hammer]

This is a utilization for Dick. This is a utilization.

[James]

Anytime past it being built up.

[Caleb Hammer]

Utilization. Yes, it is.

[James]

Yeah.

[Caleb Hammer]

Over 30.

[James]

But once we pay it down, it won't be.

[Caleb Hammer]

Once you do, you are it now.

[James]

Yeah, that's true. And we're on the car loan together, too.

[Caleb Hammer]

Oh, why? Why? Why are you doing this to this poor German woman?

[James]

I told her that we should get the car separate, and she's like, well, if we can get it together.

[Caleb Hammer]

Talking about she'. Pen.

[James]

I don't know, man. I think the new age Germans are pretty smart. That's why they stay quiet. And they don't make too many Hitlers.

[Caleb Hammer]

That's why they shut down all their nuclear facilities and they're digging for coal again. Very smart country.

[James]

I was unaware of that. That's crazy.

[Caleb Hammer]

Yeah, tell.

[James]

Tell her maybe that's why she left.

[Caleb Hammer]

16 years to pay this off. Off Insane. That's great for her. Got Netflix and Peacock on this. What the are you watching on Peacock? Nothing. Nothing.

[James]

I think there's a show on there that we watch.

[Caleb Hammer]

A show you don't even know. I think there's a show. Can't name the show. And he thinks there's.

[James]

It's like $3 a month.

[Caleb Hammer]

No, the Peacock 10.

[James]

No, we get super big discounts for doing it on capital one.

[Caleb Hammer]

Okay, $9.

[James]

I'm pretty sure there's a rebate on there or something.

[Caleb Hammer]

Look at it. Right?

It is literally right there.

[James]

Huh?

[Caleb Hammer]

Huh. Interesting how numbers work if we just look at them.

[James]

So there's a. There is a $3 credit, but it's not as cheap as I thought it was. It's 572 after the credit. But that's a.

[Caleb Hammer]

Putting on a card even that we are not able to pay off. That is accruing interest in destroying our lovely German fan of Screamo. I can tell girlfriend.

[James]

She likes everything she even likes country, which I'm.

Surprised.

[Caleb Hammer]

Dad, they usually. The Germans do get very nationalistic.

[James]

Yes, because German music is pretty. It was very selective.

[Caleb Hammer]

I don't give a. You are destroying her. All for the sake of peacock and Netflix. It's so stupid.

In future projects you're planning to do, I'm being told we got. We gotta get new tires, home renovations, a new Xbox. Traveling.

[James]

We already got the Xbox.

[Caleb Hammer]

Huh?

[James]

We already got the Xbox.

[Caleb Hammer]

What is wrong with. With you?

[James]

Well, the old one broke, and that's our. That's our main home entertainment system. We don't have like a chromecast.

[Caleb Hammer]

30 bucks.

[James]

You.

[Caleb Hammer]

You actual. You think you need to buy an Xbox to play your peacock? Are you stupid? What is wrong with you? No, stop. I don't care. You can't afford it, dude. You live in a literal crack den. You cannot get an Xbox.

[James]

It's too clean to be a cracked in. It might look like it on the outside.

[Caleb Hammer]

Oh, big guy, come on.

[James]

Come on. It might look a little bit like it on the outside, but it's too clean on the inside to be cracked in.

[Caleb Hammer]

Okay, Facetime the German right now. No.

[James]

Oh, why? Because she won't do that. She won't show me around the house. No.

[Caleb Hammer]

Yeah, I'm sure the crackdown's very clean.

[James]

We do have 12 animals.

[Caleb Hammer]

Yeah, we're constantly. Yeah, so I don't give a F.500 hours in interest this year so far. 28.24 interest rate. Synchrony for why Furniture row.

[James]

Yeah.

[Caleb Hammer]

How to get furniture for our pets to destroy.

[James]

No, they are not allowed in the bedroom for obvious reasons.

[Caleb Hammer]

I don't know. My dogs are. And they're fine.

[James]

Yeah, my dogs eat drywall.

[Caleb Hammer]

Why are you a bad trainer? Why are you spending $12,000 on a dog?

[James]

And you can't train as much as I can, but I have a dog who will literally push her face up against the wall.

[Caleb Hammer]

Is it the pit bull?

[James]

No, it's one of the Frenchies. Just one of them, though.

[Caleb Hammer]

Train. Get a trainer, Dick. No shit. And you have 12 animals. Can you really focus on them individually, properly?

[James]

Absolutely.

[Caleb Hammer]

No, you have one. You have them eating drywall. So your answer is no, they don't.

[James]

Anymore because I put up like, sheeting.

[Caleb Hammer]

That's not training. That is. You're preventing them from getting to the drywall.

[James]

That is true. Yeah, I.

[Caleb Hammer]

Okay.

[James]

Like I said, they are very well trained. Generally speaking, I can dry. I cannot get that one dog to stop eating drywall.

Uh huh. Yeah.

[Caleb Hammer]

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[Caleb Hammer]

And how exactly to land your first job was starting from scratch. Click the link below to sign up for one of their free courses today. Guys, just real quick, don't forget to take your Hammer Financial score@caleb hammer.com See where you stand, where you got to do better where you're doing. Listen, it just takes a few minutes and it is free. Figure out where you stand in the world of money. Caleb hammer.com you owe on this for this? I'm guessing the bed.

[James]

Yeah.

[Caleb Hammer]

$2,496.63.

[James]

I'm a big one.

[Caleb Hammer]

And a monthly payment $88.

[James]

I was pushing through mattresses about every six months and my back was.

[Caleb Hammer]

Well that's absolute shit. But I know you could get a thousand dollar mattress. Be perfectly fine.

[James]

But we got a $2,000 mattress.

[Caleb Hammer]

Yes.

[James]

Which you didn't need so that we could last it.

[Caleb Hammer]

They're not a sponsor but Nectar. You could have got a thousand dollar Nectar mattress and you would have Been perfectly, totally fine. Trust me, I had it and I was good. And I also. The mattress I had before that made a massive dental.

Yeah, like, what the.

[James]

It's purple.

[Caleb Hammer]

This is insane. No, you don't need this. Why do you owe $2,496?

[James]

Because we're still paying it off. It's in the deferred. And we're. We're putting minimums for the deferred.

[Caleb Hammer]

Oh, no, we're gonna make it less than a year. You have to. Or else that deferred.

[James]

We're putting like 200 bucks a month toward it. And then there's gonna be like a $300 balloon payment at the end. But, I mean, that's a pretty small balloon.

[Caleb Hammer]

Oh, I gotta pay this off in just about 10 more payments. $2,496.63 divided by 10. Yeah. This needs to be a 250 minimum payment on your.

[James]

I think doing 200 or 220. And then we're gonna have, you know, four or five.

[Caleb Hammer]

We'll see. But then we have an Amazon card.

[James]

Yeah.

[Caleb Hammer]

With a lot of purchases. 8 years to pay off. What's going on?

[James]

Well, it started with a couple of like. Like, sort of house necessities. And then, you know, it was just. Yeah. Like, we. We bought a case for our watches because we got.

[Caleb Hammer]

Matching that house needs is a bulldozer.

[James]

I would love to honestly rebuild on that property. It's a sweet little property.

[Caleb Hammer]

Horrible. I'm sorry.

[James]

I'm.

[Caleb Hammer]

I. I know I'm being mean, but it's horrible. It is horrible. Amazon. Amazon. Dude, it is bad. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon.

[James]

You're looking on the Amazon cards.

[Caleb Hammer]

Why would you pull up the Amazon app, you cunt?

Start a screen recording. You know what, we'll bleep out.

[James]

Yep.

[Caleb Hammer]

Interest charging. Like it.

Screen record at 29.99. Interest rate of death, death, death and insanity.

And your friend saw this house and was like, yes. Let me go in on this.

[James]

Yeah.

[Caleb Hammer]

Shelves, bank deposit, money, wallet.

[James]

So I got paid back for that. That was for the business.

[Caleb Hammer]

Mushroom coffee.

[James]

Yeah, that was also Xbox.

[Caleb Hammer]

Wireless control. The Xbox work doesn't mean the Xbox controllers broke.

[James]

It did break. Did you guys do it? Just stopped working one day.

[Caleb Hammer]

The controller and Xbox at the same time?

[James]

No, separately.

[Caleb Hammer]

Oh, my.

[James]

It was like, there it is.

[Caleb Hammer]

Rockstar Energy drink. Rockstar Energy drink. You Mountain Dew Kickstarter. You Rockstar Boom. Energy.

[James]

I started buying in bulk.

[Caleb Hammer]

Does it matter?

[James]

I was watching your episodes.

[Caleb Hammer]

We've changed from buying in bulk. Now it's 25 cents a serving. Make your gamer subs. You're making your coffee at home now. Good first step. Make your energy drinks at home. It literally tastes just as good if not better because we did blind taste tests in our show Fat and veteran Hammer elite gamers subs was like I think it was at the top it.

[James]

Was time pretty good I really good strawberry banana one yes it's so good.

[Caleb Hammer]

Make that no more buying a bulk make your energy drinks at home again 10% off. Link in the description below that Xbox controller. There's also a hydration version cuz I don't drink energy drinks but there is a hydration drink version.

[James]

That Xbox controller got returned which is.

[Caleb Hammer]

Why we bought this well good cat water fountain. Well shouldn't have all these cats. There's. There's another well that Xbox controller was returned not the other one.

Turn started for something I think watch related pet hair remover brush. Yeah I guess you need that trash stuff. Commander 100 plus card.

[James]

So yeah.

[Caleb Hammer]

Armor.

[James]

The trash bin and the armor.

[Caleb Hammer]

Armor. What is this?

[James]

They're card sleeves in a card box.

[Caleb Hammer]

100 plates, textured TC.

[James]

They're cards.

[Caleb Hammer]

Card sleeves.

[James]

Magic the Gathering.

[Caleb Hammer]

Oh die. Oh die buddy. Just die. Well, no. What are you doing? Magic the Gathering. You already have too much happening you. That is not an option. You don't have the money for a hobby like that. You really don't. Just how much are you spending on Magic the Gathering?

[James]

I haven't spent much on it in a long time. Exactly.

[Caleb Hammer]

Come on. Buying shit right there.

[James]

So the reason. Okay, so we had a cat, die Foster that we were taking care of. He went through a surgery that like opened up his rib cage because it wasn't growing properly. And I became really attached to him and I broke down one day and I was like it. I'm gonna do something that I enjoy. So I bought myself a new deck. Bought sleeves, bought a box for it. But aside from that, I haven't bought magic in like eight or 10 months.

[Caleb Hammer]

How much did you used to spend eight or 10 months ago?

[James]

Sporadically. It'd be like $150 on a box every couple.

[Caleb Hammer]

Insane.

[James]

And now that deck that I put together cost about $600.

[Caleb Hammer]

Insane. Dude. That's insane.

[James]

It's insane.

[Caleb Hammer]

45 minimum payment 899.63 on this discount tire thing. So you had to get new tires.

[James]

Yeah.

[Caleb Hammer]

But you're getting new tires again. And you haven't even paid off your.

[James]

Last new tires for the Truck. And then they.

[Caleb Hammer]

Oh, no, these are deferred interest as well.

[James]

Yeah.

[Caleb Hammer]

Oh, no, they're doing about four months.

[James]

Yeah. Oh, but we're making the payments. We're gonna have a balloon payment of like 200, 250 at the end.

[Caleb Hammer]

How are you gonna afford all these balloon payments? Because you keep saying it like it's nothing. You spend more than you make. You are.

[James]

It's because we're.

[Caleb Hammer]

I can't hear this anymore. No, no, no, no, no, no. And also, you are not even close to making enough. You made about $100 payment instead of the 45, but you need to make a payment of $245 a month to pay it off. Your bloom payment is going to be much higher than you're talking about. Yes, yes, yes. I did the math. I can do numbers. Numbers are in front of me. I just typed it in. I typed in the balance. How many?

[James]

I must have done my math incorrectly.

[Caleb Hammer]

Yes, yes, yes.

[James]

For most of them were pretty close.

[Caleb Hammer]

Well, I.

[James]

That one I must have done.

[Caleb Hammer]

No, I don't think so. You're about to have the deferred interest hit like crazy because you did the math wrong. If you didn't. Come on. Here. You have four more payments you're able to make, and then it's done. And that is required of two. Listen, it's the balance. 900. If there's four payments left, what does it break down to? 220.

[James]

I don't think the balance is 900 anymore, though.

[Caleb Hammer]

Yes, it is.

[James]

Where's the balance on this death?

[Caleb Hammer]

The previous page. You.

Right here. New balance. 8. 99, 63. Die, die, die, die. Best Buy.

[James]

What? Best Buy. Sorry.

[Caleb Hammer]

Home Depot.

[James]

Okay. Home Depot was. I did a shower reno at.

[Caleb Hammer]

In that house?

[James]

Yeah.

[Caleb Hammer]

Oh, you put money into that house?

[James]

Washer and dryer.

[Caleb Hammer]

Washer and dryer is okay, but. Oh, I would get used regardless. But you're. You're renovating this house?

[James]

Yeah. The shower was falling apart. It. I don't know what the hell they used to caulk it. I don't know.

[Caleb Hammer]

Have you seen the house?

[James]

Yeah, I live in it every day.

[Caleb Hammer]

800 1.92 minimum through payment. 29. 5 years to pay this off. Okay, let's see.

[James]

We're not doing minimums on that, though.

[Caleb Hammer]

Dude, you say that for every single car and it's a little more. Just slightly more. Which also, by the way, makes no sense. If the strategy is to take care of deferred interest means before they hit. Why are we putting things on? Because this Is this deferred?

[James]

The Home Depot? Yeah.

[Caleb Hammer]

Okay. $801.92 divided by. You need to do this in six payments. Okay. Needs to be $134 a month. Why. Why are you. You're deferring interest more than almost anyone I know. Why?

[James]

Yeah. It's because I was running real tight with my previous income. And now that I'm at a point where I'm making enough, I'm pushing to get it all paid before the deferred hits. But there were certain things. Like I was genuinely uncomfortable getting into that shower. There was no way that I was going to shower in that shower house.

[Caleb Hammer]

Dude. Boot.

[James]

Well, I own it. There's not too much I can do about the location, barely.

[Caleb Hammer]

So I gotta make sure position of like a hundred dollars, and that's you being lucky. And then you got a Lowe's card as well, also for the renovation.

[James]

A little bit here and there I bought. You renovated it yourself, the shower? Yeah, I have a buddy who's a drywaller, and he helped me.

[Caleb Hammer]

So it's also.

Done by. That's not good.

[James]

A really good drywaller.

[Caleb Hammer]

Come on.

[James]

I'm not coming on nothing, man. He's a great drywaller.

[Caleb Hammer]

Lowe's card, $542.80. Minimum payment, 30.

[James]

So the current ODE is for AC units.

[Caleb Hammer]

Oh, dude, this house said nothing. You put money into this house, not gonna pay it.

[James]

Those are window units.

[Caleb Hammer]

Oh, great. Great.

[James]

I mean, there's. I. The. The only thing that I could do to actually install AC in that house would be a mini split, and that is obviously out of my budget right now.

[Caleb Hammer]

This is also deferred, isn't it?

[James]

Yep.

[Caleb Hammer]

Dude.

When does the deferred end?

[James]

I think we have had six months on it. And we bought those.

Maybe it wasn't. Maybe we deferred.

[Caleb Hammer]

Must be done.

[James]

No. No, I don't think so.

[Caleb Hammer]

It's not giving me a.

[James]

You want me to look on my phone?

[Caleb Hammer]

Dang.

[James]

Because it'll tell me.

[Caleb Hammer]

Yeah, I got it. I found it.

[James]

You found it.

[Caleb Hammer]

Okay, so of the $542.80, you have eight payments to pay that off. So instead of 30, which you were.

$68 is what you need to pay. Okay. Sake. We still have more debt. This is insane. PayPal credit. What?

[James]

Magic. That is the deck that I just built.

[Caleb Hammer]

No magic. The gathering. PayPal credit debts on deferred. Dude, everything deferred. That's funny.

[James]

I mean, it's. Your reaction is funny. My finances, you know.

[Caleb Hammer]

My reaction is that. Because it's absolutely beyond.

[James]

Yeah, it is beyond. That's why.

[Caleb Hammer]

Stupid. $30 minimum payment on it balance 515 minimum payment wasn't even made. Why? Okay. No interest in paid in full until six months.

[James]

I believe.

[Caleb Hammer]

Not six months from now. Four.

[James]

Yeah.

[Caleb Hammer]

So 515.

And 29 cents divided by four. So you have to make minimum payments of $129. Oh my gosh. Dude. These minimum payments that you are required to make. So these do not just get with the deferred interest. Are increasing your monthly budget insanely. Insanely. It's disgusting.

[James]

Well, I mean my numbers were a little bit disgusting off from what you're looking at. But I do have increased payments for my deferreds in that 4680 that I was talking about.

[Caleb Hammer]

Well, we'll see at the end. Because your math still didn't make sense to bought Ross $90.

[James]

No, it's. It's a brand new one. It's. I. We needed some pants and it was a 25% off and so I threw it on the Ross card and I'm just going to pay that off next month.

[Caleb Hammer]

And this is 90 bucks?

[James]

Yeah.

[Caleb Hammer]

Why even do that? Why, why are you.

[James]

Cuz it was 25% off.

[Caleb Hammer]

But look how you balloon everything. Look at the road you go down.

[James]

Can I buy at Ross beside clothes. And she.

[Caleb Hammer]

I don't know. I don't know. Maybe the girlfriend wants something. Like I don't know. Every time you do something you it. So like there's not a single thing here you have done right. Including doing the math correctly for your deferred interest stuff. Yeah, like it's man, this breeding thing. A married woman. It's just like everything's wrong. It's all.

Fraud. Repayment plan.

[James]

Yeah. So my mom had like a tow behind smoker that she tried to sell and she got sent a check. She cashed it and they were like, okay, we're going to come pick it up. And that was pretty much all that happened. And then the bank called her and was like, hey, so that that check was fraudulent and she had already spent it. So they put her on a repayment plan with 0%. Her. Her, her. With 0% interest. And I was kind of zooming through and I didn't really realize what I was signing up for but I got put on it.

[Caleb Hammer]

How. How that even happened?

[James]

She was on the phone with them and they were like, hey, is this okay? Because I was like, yeah, we share. We're like, we're on each other's Accounts and I was like, I'm not really worried about it. And then I, I ended up on the loan. I wasn't really aware of it.

[Caleb Hammer]

What?

[James]

Yeah, and I didn't even know that.

[Caleb Hammer]

That was with your credit. Are you paying it or her?

[James]

Well, so I am paying it now because, because I'm on her phone plan and she is paying for my phones. I am paying for this. Your minimum monthly 113. But I do 150.

[Caleb Hammer]

No, don't. Why pay extra when you have deferred things that are about to come? Why pay a couple dollars extra? This makes no sense. There is not a single debt repayment strategy in the history of all financial education that has put a little more towards things instead of focusing on this.

[James]

One specifically is because she pays my phones and she wants me to pay 150 rather than paying 150 for the phones. If I paid 113 on that, I would have to pay her the difference for the phones. So it's just one of those things, things that like.

[Caleb Hammer]

Oh, so stupid.

[James]

Yeah, that one is very unfortunate and I think that one with my credit because people see fraud repayment plans. That's the car. That's one of the cars.

[Caleb Hammer]

8% Mazda.

[James]

Yeah. What's the balance that it shows on there?

[Caleb Hammer]

32, 97.

[James]

I canceled my protection plan, my seven year warranty thing because it was scammy and it extended my loan by X amount of years. So I'm actually 26,000.

[Caleb Hammer]

Okay, so $26,000. Does that affect your minimum payment?

[James]

No, I am still at the minimum monthly. It just takes my long.

[Caleb Hammer]

What is your minimum?

[James]

502.

And some change.

[Caleb Hammer]

You have seven cars. Yeah, dude, I, I, I, I'm losing it. I'm losing it with you three of my like you can talk some things correctly but then your life is just an absolute mess. You're able to. You're in the world where you're able to speak correctly but you don't do anything.

[James]

Three of them even run.

[Caleb Hammer]

Okay. What do you think this car is worth?

[James]

I think that it blue books for around or I use nada usually. I think it's around 22 and a half.

[Caleb Hammer]

22 $502 minimum to payment. Why do we have so many cars, dude?

[James]

So I have a pension for pain. So I have two old Jaguars and then I bought a why though? Well, because I had one when I was a kid and I sold it.

[Caleb Hammer]

So why you get two?

[James]

Well, I bought the one because I was like, yes, this thing is super clean. I can get it For a good price. I'm going to buy it and I'm going to work on it. And then my girlfriend was like, well, I want one, dude.

[Caleb Hammer]

You guys are so.

[James]

But I bought the second one for $50.

[Caleb Hammer]

What?

[James]

Yeah, it was a theft recovery run. It will run if. If somebody put a little work into it.

[Caleb Hammer]

Who's that somebody?

[James]

Not me. I'm. That's the only one that I want to sell hers. Yeah, no, she doesn't want it.

[Caleb Hammer]

Sell the other one.

[James]

Looked at it.

[Caleb Hammer]

Sell the other one.

[James]

Because it's too pretty. It's too perfect.

[Caleb Hammer]

No, you have other cars other than the Jaguar. So the other ones.

[James]

So the Cadillacs are especially.

[Caleb Hammer]

Oh, my. What is wrong with you?

[James]

I like turning wrench, man.

[Caleb Hammer]

Okay, let's see. We have a Blazer worth 2,500 that I inherited. Chevy Avalanche worth 9,254.

[James]

So that one I bought sight unseen for $6,000. She told me she had a truck for sale with 66,000 miles.

[Caleb Hammer]

What's the state of that car?

[James]

It's beautiful.

[Caleb Hammer]

Or who drives it?

[James]

Me occasionally.

[Caleb Hammer]

Sell them.

[James]

No, I need to be able to tow shit.

[Caleb Hammer]

Why?

[James]

Because I have a bunch of project cars that use.

[Caleb Hammer]

You do not need to tow Sha. And you're giving up your project hobbies. Hobbies. To pay off your debt and clean up your life. And then you can get into hobbies. Your hobbies. I don't give a. Your hobbies are expensive. You can get rid of them now. You can start paying off debt.

[James]

I'm not getting rid of the Jaguar.

[Caleb Hammer]

Then what? I didn't say the Jaguar. And I don't really want to get.

[James]

Rid of the Cadillacs either.

[Caleb Hammer]

I don't care. The Jaguar. I'm giving you that as a compromise. Do you ever see me compromise on this show?

[James]

Not very often.

[Caleb Hammer]

Good. I'm letting you keep the Jaguar. Sell the other car. Liquidate everything else other than the Jaguar in your car. And how much could you get?

[James]

I.

1, 2, 3.

Optimistically, if I were to wait and wait on the truck, how much? I could probably pull like 19,000.

[Caleb Hammer]

Good. Do it. There's no reason not to do it. Do it. You can get into the hobbies again. Cars will always exist. And cars are forever. You're not getting rid of the Jaguar.

[James]

The truck is one of 1150.

[Caleb Hammer]

Huh?

[James]

It's one of 1150 over four years.

[Caleb Hammer]

Okay, then there's 1150. I don't give a f. It means nothing. You have debt. You are one of one. You take care of your life, buddy. You can't have this. This is a shortcut that. I don't want to abuse it in a way that you don't change your behavior.

But just use this opportunity. Use it. There's no reason not to.

[James]

I won't ever see that truck again.

[Caleb Hammer]

That is. That's a lie. That's a lie. There are. They're out there.

[James]

There are less than 1200.

[Caleb Hammer]

Exactly.

[James]

And you can 2002 to 2006.

[Caleb Hammer]

They're not exactly running around hobby searching for it when you can financially afford it. Right now it gets you out of a death spiral. Death spiral? Your math that you gave me didn't make sense. And realizing your girlfriend who's not even in the fault of this. It makes no sense. It's time to take care of your shit. It's time to grow up for the literal first time in your entire life. And sometimes that requires sacrifices. This is a sacrifice. You are taking a sacrifice. Also it's a truck. Who gives a. It doesn't matter. It doesn't. It doesn't matter. When it comes to your girlfriend, when the animals. When it comes to your life. It does not matter. You're being a selfish prick. Stop. This is a sacrifice.

You're willing to sacrifice your girlfriend's income to bail you out instead of you actually taking care of some shit and sacrificing some things you like. It's disgusting. It's disgusting. It would pay off the first four or five cards we talked about today like that. Stop being a selfish prick. Asshole. You went and got some energy drinks. Energy drinks.

For the car.

Now what? I don't know what Cellrick Ace is.

[James]

That is just the Ace near my work Ace. Ace Hardware.

[Caleb Hammer]

Oh, so probably.

Dominoes.

[James]

So a lot of the Ace charges were actually cashbacks.

[Caleb Hammer]

You go to O'Reilly every 30 seconds.

[James]

Yeah.

[Caleb Hammer]

Energy drinks. Microsoft Ultimate Few Vapor.

What is wrong with you? You do not do one thing correctly in life. Little Caesars. Bullshit. Bullshit. Bullshit. Card payment bullshit. No. No. ATM withdrawal 480. No one knows where that went.

[James]

That was moved to another car for bill.

[Caleb Hammer]

$27 in. This went down substantially. So savings. Nope. And this is the. It's stupid ATM withdraw. I don't know. You go to the strip club every five seconds.

[James]

No. A lot of that is because I have my paycheck split into four different.

[Caleb Hammer]

Cards so that it's bsbs Roundtable Pizza. Bsbs. You stop it in and getting BS every second of your life. Bs. Psps. Nothing in savings. Oh, this is. So then another account. What's in Here. Okay.

[James]

Checking account pretty much just for the car. The car and the frog.

[Caleb Hammer]

It's all. Oh, good. Our investment is 1 77.

[James]

So I sold that and put it toward debt.

[Caleb Hammer]

That's. Yeah, sure.

[James]

Drop in the bucket.

[Caleb Hammer]

$20,000. Sell the car. Keep your Jag. I'm okay with it. Take that. I never give people that opportunity. Take it. Or just. You know, I've been through this. I've gotten people through the sacrifices. If you don't want to do it, don't do it. And you can. And you can live your sad, miserable.

[James]

Life pretty happy, generally speaking. No, the finances. No.

[Caleb Hammer]

You're coping. Coping.

[James]

I am tired of a lot of.

[Caleb Hammer]

My money going shit done. But you have to take sacrifices. Income? 4,158.

Okay. The mortgage is $1,933.32. Second time someone's chosen dogs over paying their mortgage, by the way. But whatever. Let's get the rest of your debt payments.

And I'm doing this. What's minimum required to pay off the deferreds in time? Because we don't want to ourselves. But you have so many to defer that this is going to gonna add to a substantial number.

[James]

Yeah, it's gonna be a rough couple of months.

[Caleb Hammer]

Okay. Minimum to payments. It's essentially equal to your mortgage, which is crazy. 1,950. Gas, electric utilities, all that combined. How much?

[James]

We budget for 300, but it's usually around 250, 275. In the winter it's about 300.

[Caleb Hammer]

Okay, I'm saying 300. Phone built. Switch to helium once you have to take care of your own phone. If T mobile is good in your area.

[James]

So we need to pay off our phones before we can switch. Yeah. Yeah.

[Caleb Hammer]

I also get you a course career certification as well. Keep adding to your resume, keep getting those raises and transfer to a local store hopefully.

[James]

Yeah.

[Caleb Hammer]

Working on gas of root from Drive Drive.

[James]

I'd say 300amonth.

[Caleb Hammer]

Car insurances.

[James]

302, 304. Somewhere.

[Caleb Hammer]

How do groceries work in this house with you and your girlfriend?

[James]

So we try really hard to stay around $20 a month. It's one of those things.

[Caleb Hammer]

What?

[James]

Or sorry. $20 a day. 600amonth.

[Caleb Hammer]

Okay. You can contribute 300 to the Pile TP fund. Anything else you need to survive? $100. Medical, healthcare, other co pays when I do therapy or anything.

[James]

When I left my. My work.

[Caleb Hammer]

I don't care. Are there monthly copays?

[James]

There will be. We're in open enrollment right now. I don't know I literally opened today. So why do you.

[Caleb Hammer]

50 bucks towards it? Subscriptions? I'll try 30. Let's see what happens. What are we doing? How much is pet food?

[James]

Say 120 bucks every two weeks. We get a lot of free stuff.

[Caleb Hammer]

Because now how are we doing pet insurance? Insurance?

[James]

I don't have pet insurance.

[Caleb Hammer]

And I don't know if we could possibly budget this.

[James]

So for the 12, I mean we're talking the nice.

[Caleb Hammer]

We're talking 600.

[James]

A lot of that is sort of free because she works at the rescue, big guy.

[Caleb Hammer]

You have that debt, clearly.

[James]

Yeah, well, the breeding stuff, whatever you can.

[Caleb Hammer]

I don't even think we could afford it anyway. Which makes it irresponsible for you to be a pet owner if we're being honest. Because if we add up the two things and minimum three payments, you're already done. You're already. So I don't know how you do any of this. So how much does your girlfriend contribute to the debt payments?

[James]

I mean she contributes the gap, basically. So like I, I for the most part take care of all the payments she takes care of.

[Caleb Hammer]

So 1915+1933. 30. What was that? 32 cents. Plus $300 +$300 +302 +300, +240, +100, +50, +30. Okay, wow. Well, your gap just to break even is literally needing $1,312.32. So she provides that plus takes care of her portion of the groceries and her bills because that's literally the gap.

[James]

So the credit card that we have together is pretty much her only bill.

[Caleb Hammer]

Good. Okay. Okay, well so she, she's willing to provide $1,312.32 just to break even, not even make progress. Cuz that break even, remember, takes about 45 years.

[James]

So once all the deferreds are gone though, which will all happen in the next year, then it'll be a much better situation.

[Caleb Hammer]

Yes, you will snowball. You will snowball at that point. Once that's done, I mean it's still probably like a five year process. Six year process. But what would I would do instead? Yes, dude. What I would do instead. 19,000. Take it. That pays off. Off. Well, let's see, let's see. 240. Okay, so we have total, let's budget.

[James]

15,000 for the vehicle. No, let's.

[Caleb Hammer]

Okay, fine. Yeah, fine.

[James]

Just because I want to err on the, I want to err on the side of caution to get that 19,000.

[Caleb Hammer]

We're not erring on the side of choosing not to sell.

[James]

I would have to wait on the truck for like a year. I mean that's a rare buyer.

[Caleb Hammer]

Sell it.

[James]

That's why I'm saying 15 is what we should aim for.

[Caleb Hammer]

Dude, literally your bad debt outside of your car and mortgage is 21 540. You can wipe it out and then we're done. You're not breaking even any anymore. Okay. Off. This is as clear as day. This is the easiest thing. You can take care of this tomorrow. So I'm done. Listen, Ollie's help this guy out by. We are going to call his long lost friend in the post show and we are gonna. We're gonna. No, no, we're gonna do it right. We're not gonna do it in the goon anyway. We're gonna do a rekindling. I want to be actually serious about it. We're gonna do it very real. So we'll do that in the post show. Join Hammer Elite and watch that. Let's get the Hammer Financial score though. Spending in a budget.

You overspent. 0 to 10 debt, no collections. But all this together is horrendous. It's about a one out of 10 emergency fund. I didn't see savings. Zero out of 10 retirement, there was nothing. Zero to 10 real estate, you don't have an equity position. Interest rate isn't the best but I mean it's also not the worst. The house itself is. It's going to be impossible. It's hard to sell a two bed, one bath. It's. It's not great. I'm going to say three out of ten on the house score or closet's not really going to help build that up much, I'll tell you that. Hammer Financial score round up one out of ten. Get yours@caleb hammer.com and make sure to join Hammer le to get an extra 20 minutes of this episode and every other episode and three premium shows posted every single day Monday through Friday. I'll see you on the post show. It's going to be a very interesting one. I know it's going to be awkward for you. I know it's going to be weird for you, but I think you should call.

[James]

I was intending on after getting all my sorted walking up and handing him $6,000.

[Caleb Hammer]

No, this is your friend friend. I don't care about the money part.

[James]

I don't think $6,000 is a reason to lose a good friend.

[Caleb Hammer]

Give him a call.

[James]

Oh, here he is. What's up?

[Caleb Hammer]

Camera Elite is the best YouTube membership on the platform and I just upgraded it. New dedicated premium 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, and that's a promise. The holidays mean more trick travel, more shopping, more time online, and more personal info in more places that could expose you more to identity theft. But LifeLock monitors millions of data points per second. If your identity is stolen, our US based restoration specialists will fix it, guaranteed your money back. Don't face drained accounts, fraudulent loans or financial losses alone. Get more holiday fun and less holiday worry with LifeLock. Save up to 40% your first year. Visit LifeLock.com podcast terms apply.