$250,000 Down The Drain, For THIS?! | Financial Audit

Summary

Podcast Summary: Financial Audit – "$250,000 Down The Drain, For THIS?!"

Host: Caleb Hammer
Guest: Layla, 39-year-old mental health therapist
Date: February 14, 2025

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Episode Overview

This episode features Layla, a 39-year-old remote substance abuse therapist from San Antonio, Texas. Caleb dives into Layla's complex and tumultuous financial journey, exploring the aftermath of her blowing through a $250,000 inheritance, her persistent debt struggles, and patterns of financial enablement from her family and husband. The discussion is energetic, confrontational, and raw, with Caleb pressing Layla to confront longstanding denial and behavioral issues around money. The episode offers lessons on personal finance pitfalls and the dangers of failing to build healthy financial habits.

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Key Discussion Points and Insights

1. Layla’s Background & Current Situation

• Career & Income
  • Layla works as a remote substance abuse counselor, making $20/hour (~$40,000/year).
  • She holds a Master’s degree in marriage and family therapy but is unlicensed in Texas due to failing her licensing exam by one point (02:08).
  • In Virginia, she previously earned up to $78,000/year (01:27), but job/life moves and burnout led to a significant income reduction.
• Debt Status and Financial Self-Assessment
  • Maintains completely separate finances from her military husband (prenup in place).
  • Has no retirement savings despite her age.
  • Currently carries significant debt: credit cards, car loan, and $120,000+ in student loans.
  • Self-assesses her financial status as a "0" out of 10 (20:35):
    • "Fine. I’m like negative 100." – Layla (20:04)
    • "So where do you think you are today? Assign that to the score. 0 being the absolute worst. 10 being the absolute best." – Caleb (20:22)

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2. The $250,000 Inheritance: What Happened?

• Inheritance Amount & Timeline
  • Layla inherited $175,000 from her grandmother in 2019 (04:54), later revealed to be nearly $250,000 (77:45).
  • The funds were already invested in a Raymond James account at the time of inheritance (06:55).
• How It Was Spent
  • Lived off the money post-surgeries (sinus and weight loss).
  • Paid off credit card debt multiple times.
  • Bought a new Nissan Maxima and later a Lexus SUV.
  • Supported friends and family, treating them to meals and even paying for a friend's car down payment (64:13).
• No Regrets, No Lessons Learned
  • Layla expresses pride for making the inheritance last over five years, despite host's exasperation:
    • "I could have been like so many people who go through it in like six months, and I didn’t. So pat on my back." – Layla (05:04)
    • "Objectively that is wrong... You just lost $1.4 million." – Caleb (05:56)
• Missed Opportunity
  • Caleb calculates the lost future value if the money had been invested: over $1.4 million lost (05:56).

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3. Patterns of Financial Enablement & Avoidance

• Background of Financial Enabling
  • Layla’s grandmother regularly bailed her out ($5,000 at a call) (19:19).
  • Layla admits to being "spoiled" (18:13).
• Marriage Dynamics
  • Husband earns $180,000/year (13:28), keeps finances separate, but bails Layla out when her account is negative.
  • "When I send him screenshots of my account being negative... he sends me money and covers it. Like, he takes care of me." – Layla (14:21)
  • Caleb describes this as a "sugar daddy" dynamic, not a financial partnership (14:29).
• Financial Denial & Defensiveness
  • Layla frequently reiterates she is "doing the best I can" and minimizes her actions.
  • Admits to seeing her problems ("I figured that was a future-me problem" – Layla 22:51) but takes no practical steps.

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4. Current Debt Loads & Spending Habits

• Active Credit Card Debt
  • Layla carries balances across multiple cards (Apple Card, Hilton Honors, etc.), regularly accumulating interest and making minimum payments.
  • Buys luxury items despite severe negative cash-flow: $10,000+ wedding dress, Lexus SUV, Louis Vuitton purse (50:31).
  • Frequent use of "buy now, pay later" services (Affirm), and regular overdraft fees (seven overdrafts in one month—80:16).
• High-Interest Spending & Rationalizations
  • Brags about reward points, yet losses massively overshadow gains.
    • Caleb: "You have $243 in points... it accrues $500 a month in interest." (67:30)
  • Minimal budgeting; admits to never having created a personal budget (47:39).
  • Recent balance of checking account at episode close is $587 (80:16).

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5. Layla’s Mindset About Money, Debt, & the Future

• Chasing New Degrees Rather Than Income
  • Considering law school, which would involve hundreds of thousands in additional debt (34:27), to "escape" current work situation.
  • "I could be worse" and "That's a future me problem" are constant refrains (36:34 and 22:51).
• No Commitment to Changing Patterns
  • Resistant to selling her luxury car even though it's a massive liability (54:29):
    • "Are you open to that [selling the car]?" – Caleb
    • "Yes." – Layla, but with caveats (54:38)
• Repeated Bailouts Have Inhibited Growth
  • "You need to go through what a lot of 18 year olds learn. But at 39, because this is a joke more than two decades later. Come on." – Caleb (40:30)

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6. Memorable Quotes and Moments

• On Blowing Inheritance
  • "You blew through a quarter million dollars? You blew through a quarter million dollars. This would change everybody's life..." – Caleb (77:45)
• On Enablement
  • "So you've been a spoiled your entire life." – Caleb (19:19)
• On Personal Assessment
  • "I should be an inspiration because, like, I know so many people who got money, and it was gone within like a month." – Layla (11:07)
• On Refusing to Change
  • "If you're not willing to do the most basic thing, this conversation is done." – Caleb (on her refusal to sell Lexus 54:46)
• On Budgeting
  • "How do you budget? Negative, though. How do you budget?... I've never made a budget. I've never had to." – Layla (51:39)
• On Future Orientation
  • "That's a future me problem." – Layla (22:51)

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Notable Segments & Timestamps

• Layla’s income and therapist background: [00:43]-[01:34]
• Inheritance origin and size: [04:54]-[05:18]
• Spending & lifestyle breakdown: [07:18]-[09:13]
• Car buying and spending rationalization: [09:40]-[10:07], [44:28]-[54:44]
• Financial partnership vs. enablement in marriage: [14:21]-[15:00]
• "Future me" attitude and avoidance: [22:51]-[24:59]
• Multiple credit card and loan payoffs + debt cycles: [16:38]-[17:41], [27:58]-[28:31]
• Overdrafts and lack of budgeting: [80:16]-[82:09]
• Host's final assessment (financial score and summary): [82:09]-[83:43]

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Summary: Lessons & Takeaways

• Enabling financial behaviors (from parents and spouses) can be devastating to long-term stability and personal growth.
• Windfalls mean little without structure and discipline – Layla's inherited wealth became a lost opportunity.
• Avoidance and denial (re: budgeting, debt, future obligations) perpetuate financial hardship, regardless of income.
• Rationalizing or minimizing consequences compounds problems; confronting the truth is necessary for change.
• Caleb’s tough-love approach spotlights critical mindset mistakes and the urgency for behavioral shifts instead of quick fixes or new debt.
• Self-assessment is critical, but without action and openness, even expert intervention is ineffective.

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Episode's Tone and Concluding Thought

The tone is candid, at times harsh, but ultimately aims to jolt Layla (and the audience) into awareness about deeply dysfunctional financial habits. Caleb’s frustration is matched by Layla’s insistence that things will turn around, creating an anxious but instructive dynamic for listeners. The episode forcefully illustrates the limits of financial help when an individual is unwilling or unable to recognize and address the root causes of their behavior.

Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube. You blew through a quarter million dollars. You blew through a quarter million dollars.

[B]

I could have been like, so many people who go through it in like six months, and I didn't. So add on my back.

[A]

What the did you possibly do? A quarter million dollars is life changing.

[B]

All I had to do was pick up the phone and call my grandmother and be like, hey, Mama, I need $5,000. And I had it.

[A]

So you've been a spoiled your entire life. Download my new simpler budget app today. Take control of your money once and for all.

[B]

Hi, my name is Layla. I'm 39 years old and I live in San Antonio, Texas. And this is Financial Audit.

[A]

Thanks for coming up from San Antonio, especially on such, like, a wintry day. What do you do for a living down there?

[B]

I am a remote mental health therapist.

[A]

Whoa. Okay. Usually the people we try to get our guests in touch with, like, we give away three free. Like, we give them three free therapy sessions thanks to Sandra mine, you know, that's our. That's our people. So that's great. That's a great job. That helps a lot of people. I love that. Cool. What do you make that with that job? That could be money. Could be. Should be.

[B]

You would. You would think so, right?

[A]

Is it not?

[B]

It's not. So currently I'm making $20 an hour working remote.

[A]

What was your degree?

[B]

Masters in marriage and family therapy.

[A]

Okay.

[B]

But when I was in Virginia, I was making like 78, 000.

[A]

Why are you doing this? Right. How many hours a week do you work?

[B]

40 hours.

[A]

Okay. Why are you doing this? You're working for like, a non profit. What are you doing?

[B]

So I work substance abuse. So I was in Mobile, Alabama, and.

[A]

Well, that's why I can't understand you. Okay.

[B]

And you know, my husband got transferred here and.

[A]

Transferred.

[B]

Yeah. So.

[A]

Husband.

[B]

Yep.

[A]

Okay. Okay. So.

[B]

And so with him being military, we came here and I was gonna try to work here in Texas, but unfortunately, I failed the NCE by one point.

[A]

Well, then. Then good. Right?

[B]

Right.

[A]

If you're failing that, I don't want you to be out there helping.

[B]

But, you know, that's like, that's not even. That's not even fair because the test doesn't even mean that much. Like, I can still be a counselor without taking the test.

[A]

But you can't make the $75,000 a year wage. Well. Because you don't qualify for that type of job.

[B]

I was even. I was unlicensed when I was in Virginia. I was working on a adolescent acute mental health unit.

[A]

Okay, so why are you making half the income now?

[B]

Because apparently the south doesn't value mental health, like, at all.

[A]

It's a major city. San Antonio is In the top 10 metropolitan areas in the country. I don't know about that. It sounds like you're working in an addiction place, which is absolutely fantastic.

[B]

But $20 an hour?

[A]

What? Yeah, but there's more options than that.

[B]

So I'm having to still work remote because without, I can't work legally here in Texas until I pass. Nce, right. And there's catch 22.

[A]

Why don't you pass? How long. How often can you take it?

[B]

So I can take it every three months.

[A]

And when was the last March of. Of 11 months ago.

[B]

Yeah, that's.

[A]

Of 10 months ago. Why haven't you taken it again? So if we can double our income, why not take a test here?

[B]

You wouldn't exactly double. I would make a little bit more because I would still be an associate. So I.

[A]

What is the job you would do?

[B]

So I would be an LPC associate. And the jobs that I looked at in San Antonio, they make roughly maybe about 20, 30, 324. So a few dollars more, but not that great. But being in my field, I realized that I am burned out and I am so not happy.

[A]

What are you burned out with? Well, I'm sure, yeah. I mean, you're being. When you're meeting with people facing addictive issues, that's incredibly difficult. That gets. So. Yeah, I'd be burnt out too. I get that. But I mean, what are you trying to say? It's not like you don't have debt to pay off. You need the job, you need to make money. What else can you do?

[B]

I do. So I have a lot of debt to pay off a.

[A]

Wait, you said husband. So this is a dual income house.

[B]

It is, but we keep our finances completely separate. We have a prenup agreement.

[A]

You have a prenup? Who's the multimillionaire?

[B]

So before we got married, I had a lot of money. My grandmother left me.

[A]

When did you go. When did you guys get married?

[B]

20, 22.

[A]

Two years ago. Your grandma left you a lot of money, which means I would say we can pay off the debt potentially. Okay, what are we doing? What is the nest egg that we're dealing with here? What do we get to play around with?

[B]

So basically, I have nothing left.

[A]

What do you mean you have nothing left? Wait, how much did she give? Are we Talking like she gave you $20,000. And over two years that's gone because that old.

[B]

Oh no. I had like $175,000.

[A]

What the did you possibly do?

[B]

And it took five years to spend five and a half years to go through it.

[A]

What are you proud of that? What?

[B]

Cause I could have, I could have been like so many people who go through it in like six months and I didn't. So pat on my back.

[A]

Hold on, hold on, hold on. You could have invest. No 175. You said five years ago. Five years ago.

[B]

You got five and a half years ago. Yes, the account settled in April of 2019.

[A]

Oh fucking. You know it's 175 damn thousand. Okay. Let's just say I open up my investing app of choice, Moomoo. Wonderful. And I put $175,000 in there and it just does 8% a year all up years down years combined stock market history. And it was five years ago. So five years ago you're 34. 34. We got 26 years until we can pull it out essentially tax free. Zero additions. That becomes. You just lost $1.4 million. Congratulations. Because you decided to spend it all. Congratulations. And you're proud that it took you five years to spend it instead of two.

[B]

Yeah, I mean like it's great, but.

[A]

I mean objectively that is wrong. Did you not just hear the number? I said $1.4 million. You have any kids? You have any kids with this prenup? Little kid?

[B]

You're. You're gonna love this. So get this.

[A]

So it is too early for this. Come on. This is usually the get to know stage, the little foreplay where you're, you're diving deep, you're go. You're going full peg.

[B]

You are going to love this. You are going celebrity. Get this.

[A]

What are you getting excited for?

[B]

Get this.

[A]

So hold on. Why the are you here? You don't have to. Why the. Why. Why are you on the show? Tell me before you tell me what I'm going to love.

[B]

Because you're going to like fix everything.

[A]

How would I fix.

[B]

You're going to like tell me what I need to do. Because like nobody tell you what you help.

[A]

You've never yet $175,000. You didn't sit down with the financial advisor when he got $175,000.

[B]

Oh, that's what you're going to love. The money that I got was in a Raymond James stock account. So it was.

[A]

Raymond James isn't sure. It's a Broke was.

[B]

It was a stock account. An investment account.

[A]

Okay. Okay. Yeah. From. With. Indeed in Glassdoor, on salary.com, we're seeing about the median San Antonio wage and pay scale, typically looking around $50,000 a year and LPCAs. And on top of that $10,000 increase from where you are.

[B]

So it would be.

[A]

So it was in a stock account then. Then what?

[B]

When the money got released, I took some time off work and I had some surgeries. I had some surgeries taken care of. Yeah.

[A]

Okay.

[B]

Well, so I lived off that money for six months before I went back.

[A]

To work over the surgeries.

[B]

So I had sinus surgery and then I had weight loss surgery and I took it out.

[A]

How long are you out for sinus surgery?

[B]

So my sinus surgery was like. I was out for two weeks. It was pretty bad.

[A]

You don't blow through 175 in two weeks. Okay, what about the weight loss surgery?

[B]

But I paid rent. I had a car payment.

[A]

What about the weight loss surgery?

[B]

The weight loss surgery was.

[A]

When was that?

[B]

July of 2019.

[A]

Well, I technically already have permission, but I'm gonna ask permission again. Can I be offensive real quick? Potentially, yeah. Question. Did it work?

[B]

Yep. I lost £100.

[A]

Good job. Well done.

[B]

I was really proud of myself.

[A]

Good. I am too. 100 pounds is huge.

[B]

It is. I did really well with it. The. I started realizing that I was ready to go back to work because of course, you know, after the money settled, I had a car that was in.

[A]

I'm sorry. I was trying not to get canceled. So I didn't hear your answer correctly. How long were you off work for the weight loss surgery?

[B]

So I took off from July to September.

[A]

Did you. Okay, well, that's also still. 175 for two and a half months total so far is not adding up. So I don't know what the you're talking about. So what was your lifestyle cost? What are you talking about? You're making $75,000 a year. Okay. And did you. Did you not have any kind of. Well, that's not disability. I was going to say disability insurances.

[B]

I didn't have short term at that time, but at this time I was in Mobile, Alabama. So I had just graduated with my master's and I was making $20 an hour then.

[A]

You made such good progress.

[B]

I know, right? I was doing so well. I was taking my friends out to eat. I took care of everybody.

[A]

Your stomach was shrunk and didn't have it all for yourself.

[B]

I made sure that they had food and I, of course, bought stuff. We went to the gifts.

[A]

Would they have starved?

[B]

No.

[A]

Okay.

[B]

But I was doing really well. Bought a car.

[A]

What kind?

[B]

I bought a 2019 Nissan Maximo platform.

[A]

That's new at that time. Oh, that sounds expensive. How expensive was that damn car?

[B]

It was like 40 something.

[A]

You buying cash?

[B]

No, I see, I was upside down on my other car, but I had to get rid of it because it was in somebody else's name that I.

[A]

You got $175,000. Who gave a. If you were underwater.

[B]

But I was trying to hold on to it, which, to be fair, I held onto it for a long time. To be fair, I didn't go crazy.

[A]

Nuts because I almost lost 175,000 hours. You lost $1.3 million. That's pretty. You don't value.

[B]

But we're not. We're not going to focus on what I could have had. We're going to focus on what I had and how well I did with what I had. How well at the time.

[A]

So you're actually. You think you actually did well?

[B]

Yeah.

[A]

Because it lasts five years.

[B]

Five and a half years, yeah.

[A]

But you were only out of work for two and a half months.

[B]

I was out of work for a few months, yes.

[A]

So five and a half years. We're talking an additional 75,000 hours a year in those time. In that time, right. So Times that by five, plus the 175, not including any kind of growth that the stocks were getting, which during that time, it certainly was in the COVID time. But either way, divide that by five. Okay. You couldn't. You. You're proud that you scaled down so much that you lived off $110,000 a year basically in poverty. You are so brave. You're an inspiration to all.

[B]

I should be so.

[A]

You should be what?

[B]

I should be an inspiration because, like, I know so many people who got money, and it was gone within like, a month and.

[A]

Whoa, your brain is so lost. Okay, come on. That's. So you realize it.

[B]

I mean, yeah, that's why I'm here, because, like, I realize it, but.

[A]

Okay, so you're past tense talking.

[B]

Yeah, Like, I mean, I realize it. I made a lot of mistakes. I 100% get that. I. But, you know, the thing about it is, when it comes to my past choices, what's in retirement today? Oh, you're going to love this. I have nothing in retirement, so every.

[A]

Time I'm not going to love something you're going to say, you're going to Love this.

[B]

Pretty much.

[A]

That's your night. So you literally were given the blessing of a lifetime through a tragic circumstance to essentially catch up on retirement and get to a place where all your cups didn't matter because someone came in and saved you, and then you decided, nope, I'm going to my life even more. I'm just going to. Oh, doesn't matter. At least you don't have kids to worry about. Our kids in the future.

[B]

No, absolutely not.

[A]

Why?

[B]

Absolutely not.

[A]

That's fine. I don't care.

[B]

No kids. At the time, I was, you know, living life and just enjoying myself.

[A]

Why are you. Okay, so you got the prenup for 175,000 hours. That's not even, like, prenup worthy.

[B]

So when me and my husband, we met New Year's Eve 2019, and I moved with him to Virginia because he got stationed at D.C. in August of 2020. So in the middle of COVID It wasn't until February that I got my really good job. I was really happy, and I had to live off that money. I paid my part of the bills. I paid everything I could because I didn't want him to support me. I didn't need him to support me. And while that's a totally different story now, we had a prenup because of some of our past thoughts on finances.

[A]

What?

[B]

My husband, his last marriage, she didn't work, and she just drained the bank account. And I was like, I don't need your money. I've got my own. I'm good.

[A]

Like, prenup. We're talking, like, more divorce stuff anyway, so why does that even matter what she was doing during.

[B]

We're pretty much at the point where I just told him, you know what, if you buy a house, whatever, like, I will walk away. And I sign a piece of paper saying that I will completely walk away.

[A]

So he was protecting himself, even though you were the one with the nest egg that came into the marriage.

[B]

I mean, to be fair, he had a nest egg, too, because, like, he makes $180,000.

[A]

Are you saying had as in had?

[B]

I mean, my husband makes $180,000.

[A]

Yeah, but you said the word had with a D, so he. Does he not have a nest egg?

[B]

He does. He sold his house. He had bought a house. He sold it while we were in D.C. okay.

[A]

Was the money properly put places or was it blown?

[B]

I assume so. My husband's really good with money. I am not.

[A]

You know nothing about his finances.

[B]

I know very little.

[A]

Does he know anything about your finances?

[B]

Oh, yes.

[A]

Because why. What is this relationship that you guys have? Are you guys, like, what about United Goals Night goals for the household? You guys just seem like two buddies that live together. No, let's be honest. I mean, that's kind of what it.

[B]

Is to a certain extent, but it's like situationship. It's really not. Because here's the thing.

[A]

Legal one.

[B]

So here's the thing. So. And my husband takes really good care of me, and I am like, I love him to death.

[A]

How does he take care of you? Guys are completely separate.

[B]

Because when I send him screenshots of my account being negative every day, he, like, sends me money and covers it. Like, he takes care of me.

[A]

Why would you need to be sugar daddy from a husband, though? Usually marriages are partnerships where we form together in a union and we share, we plan with goals. But instead, he's your sugar daddy.

[B]

We don't. We don't have cause he's your sugar daddy.

[A]

Is that a kink of his? Like what? Like, this is a weird relationship. You know, it's wild. Most people don't even realize how much money they're wasting every single month. Subscriptions, random fees, overpriced bills. It all adds up fast. And that's why Rocket Money, today's sponsor, is a game changer. It's like having a personal financial assistant in your pocket. Here's how it works. Rocket Money connects to your accounts and instantly shows you all of your subscriptions in one spot. No more digging through emails or old bank statements. I found three I had forgotten about, including one for a streaming service I hadn't opened in over a year. Canceling them. Rocket Money made it easy, and I didn't have to deal with customer service, thank death. And that's not all. Rocket Money also keeps an eye on your bills and even negotiates lower rates for things like your Internet or cable. And if budgeting feels overwhelming, Rocket Money tracks your spending and helps you stay on top of your goals. Plus, if you're trying to budget smarter, Rocket Money has got you covered. It tracks your spending, helping you set goals and even alert you before upcoming charges. So no more surprise overdrafts. If I needed some assistance getting my budget on track when I was getting started, Rocket Money would have been a lifesaver. Don't keep yourself pushing off what's important. Go to rocket money.com caleb or click the link in the description below to join 5 million members and try it for free. That is Rocket Money.com Caleb or head to the link below to Check out rocket money and get on top of your finances today. This is hardly marriage, and a lot of people have separate finances. And I'm not going to freak out about that specifically, but the way you guys are doing with the prenup, even though you guys don't really, you know, like, he doesn't sound like it sounds like he does well, but I don't know. And then he sends you money by you sending screenshots of your financial situation so he can probably enable your bad behavior like a great spouse. And then. And then you're blowing. This is so weird. You guys are so weird.

[B]

I wasn't always bad. Like, when I first got the money and everything got, you know, divided out, I did pay off credit card debts twice, because it wasn't enough.

[A]

Whoa, whoa, whoa. When. Yeah, your dates. Ish.

[B]

So the end of 2019, I paid off credit card debt.

[A]

That was your first time, and it was only a few years ago.

[B]

Oh, yeah.

[A]

How much credit card debt did you pay off in 2019 to then have to do it again to then be now with negative net worth when you were positive?

[B]

At that time, I think I was like 26,000, something like that.

[A]

Okay. And then the next one.

[B]

And then the next time I paid it off was we were in D.C. and I had my great job date this. So let's see. That was like 2021ish.

[A]

Okay, so two years later.

[B]

Yep.

[A]

Basically two years ago, it just became 2025. Amount. Amount.

[B]

That one. Because I'd gotten more credit cards. I had like 14 credit cards at one point.

[A]

So how's the first one paid off through the money that you got from the death of someone. How was the second round paid off?

[B]

I called my advisor and was like.

[A]

Hey, I need your advisor. I guess he has to allow you to do it. If you ask him and tell him to. How did they. Did they at least push back?

[B]

No.

[A]

On your.

[B]

But I mean, here's the thing. Just like when I was growing up, when I was in undergrad, all I had to do was pick up the phone and call my grandmother and be like, hey, Mama, I need $5,000. And I had it.

[A]

So you've been a spoiled your entire life.

[B]

But I'm an awesome B, to be honest.

[A]

So, you know, you might be, but spoiled as well.

[B]

I mean, I don't. I don't disagree. Like, I know I'll get spoiled, but.

[A]

How are we going to make progress, though, if your husband is continuing that spoilage?

[B]

But my husband really isn't spoiling me.

[A]

Because you sent him screenshots of your bank account and then he lends you sugar daddy money. What do you mean? How. What do you. You didn't. You, you said he's take care of you. But by take care of you is spoiling and your situation. I mean, we're probably going to have to call him on the post show. And let's, let's call him in the post show.

[B]

Let's, let's not even forget that my husband.

[A]

Oh, gosh, we have to talk to this guy. We're not getting the full story. And then you're here alone because you guys are completely separate.

[B]

We are.

[A]

You guys are on nothing together. Not. No accounts.

[B]

No.

[A]

Not even like utilities.

[B]

So no. The light, the water bill is in my name, the electricity is in his name.

[A]

Why are you guys just over complicating it?

[B]

He just bought a house too.

[A]

He just bought. My husband just bought a house. This is so weird.

[B]

And it was an impulse purchase too, but he did it.

[A]

People who don't even want to get married can get married. And then I, and then I'm over here just like.

[B]

Oh, and we had like a great wedding too. It was great.

[A]

So you did? Two years ago.

[B]

We did. We had a great wedding.

[A]

Proud of you.

[B]

Actually we had two weddings.

[A]

Situationship wedding.

[B]

It was great.

[A]

Wonderful. Okay, well, where do you think you are in the world of finances? Self assessed, Self assess today. Not trying to think of the past and how you justified in the past previously. Where do you think you are today? 0 to 10. 0 being the worst finances. 10 being the best finances. What do you think you are?

[B]

We're like negative.

[A]

You, you, you, you. Now we. You. You don't have a we. There's no we.

[B]

Fine. I'm like negative 100.

[A]

Did you hear what I said? I said 0 to 10. Let's start. Yeah, how about rub a couple brain cells? You're obviously not stupid. You have a master's degree in the world of help.

[B]

I do have a master's degree.

[A]

Please think. Where do you think you are? A sim. Just where you think you are today. Just where you think you are today. Assign that to the score. 0 being the absolute worst. 10 being the absolute best. 5 being in the middle.

[B]

0.

[A]

Okay, great.

[B]

So we're on the same page.

[A]

Well, I don't know. I haven't gone through this yet. If you want your Hammer financial score, it's free. Link in the description below. See where you're assessed on your finances. And if you want to come on the show, you come on the show. You're from the audience, right?

[B]

Yep.

[A]

You're from the audience. Just like you guys. Go ahead, apply. Come be on the show. We'll have your finances. We'll have a good time. Then you get to hang out with all our production team. Have you had a good time hanging out with the people so far? I have, yeah. And the onboarding process was a simple and cheap chill. It was informative and all that good stuff and good. You can go through all that. That's a good time. Go to caleb hammer.com apply. We'd be happy to have you on the show and get you connected with the resources and everything as well, which we'll set you up with. But let's wake this up first because this is. Yeah. This is not. We're just not in the right. Okay. Okay.

[B]

Oh, you're going to love this. You're going to have a great time.

[A]

I'm going to have a bad time.

[B]

You're going to have a great time, I promise.

[A]

Okay. Okay. Apple card. We are sitting at $3836.14.

[B]

Yes.

[A]

With $152 minimum depayment, you make 20. 20 bucks an hour. So you make $40,000 a year. What hits your account on a monthly basis right now? What hits your account? Do you even know?

[B]

2,400. And by the time I do my payment and my debt management payment. Like debt management? Yep.

[A]

We have all this debt and we have a debt management.

[B]

Yep.

[A]

Wait a minute. Did you answer how you paid off 2021's debt?

[B]

I. I called my Raymond James and.

[A]

Oh, you just pulled it again. So you still pulled it again.

[B]

Yeah, because I still. I.

[A]

When did we hit zero from the 175. When was zero hit?

[B]

October of 2024. So just a few months ago, did that not.

[A]

Did that not just kill it?

[B]

Did you.

[A]

It should have. It should have killed you. Seeing it go down in general. Did you even know it was almost zero? Did you call and they said, there's nothing left?

[B]

No, Like, I kept watch on it. I knew what was in there.

[A]

Why'd you keep going to it instead of, like, I understand going to it the first couple times, but then you're like, oh, I'm actually draining my nest egg. Let me fix the thing that is getting me into the place of having to take from it.

[B]

I figured that was a future me problem.

[A]

Future use now. Yeah, but no, go on, explain. I mean, I would love to know that opinion.

[B]

That's a future me problem.

[A]

And you saying future years not now, but the future you problem that you said future you would have to deal with is now. Because that's what you were saying was I'll. I'll get. Once it hit zero, it's zero.

[B]

I had. I had a sad day when that happened, but I was really proud of myself because I made it last five and a half years.

[A]

You are so. Your mind is warped. And on that opinion.

[B]

Because that's your opinion.

[A]

Yes. When I say things, they do tend to be my opinion. Okay, wait. Why are you so defensive out of this being proud of this thing? Because that's. That's gonna be like a big thorn between us. It is like, here's my fear. Here's my fear. I'll let you explain in a second. I'll let you truly try to rationalize this the best you can. But my thing is, if you are in a position where you're proud of blowing through 175,000 hours while making 75,000 hours a year for five years. Ish. I know some was a little less, you know, whatever. But even still. So like 110,000 hours a year blowing through that like, you're living on poverty mode. And that's a congratulations thing. Getting to zero. Then what happens if we get you to Good Place, out of debt for the third time, and technically for the.

[B]

Fourth, we'll get there.

[A]

And then once we get your retirement on track, we get you to a big thing. If that mindset is not changed now, you blow. You blow your nest egg again. So why are you proud of that? I can't have that be your mindset. I can't have that for this conversation, for your future. I can't have that. That your future matters, dude.

[B]

I mean, that's all I can do, right? Because, like, I can't. It's so hard.

[A]

It isn't that. That doesn't make sense. No, it isn't. Are you saying we can all only act in the present? No, we can act for the future.

[B]

And that's what I'm doing. That's why I'm getting ready to go back to school and change my career.

[A]

But really. So that's why we haven't taken the test. Oh, my gosh. You just keep leading me down rabbit holes. We. I was. I was so close to talking about this apple card and.

[B]

Let me, let me, let me. You're really gonna love this too. So.

[A]

You are. I hate that. I hate that phrase. Say that again and I will. You know, we used to have a spray bottle. Can I have a Spray bottle. Cause I got. I need to just like. I gotta spray that powder off of that cake off the face. This is your. This is your. This is you, dude. This is your. If you just. I hate that phrase. That phrase has annoyed me the last two times. It is aimed at you. Powder will be flying.

[B]

So I'm in my great job. Right. So we're in D.C. i got my great job in 2021, making 78,000 a year. I was so happy. Life was great. Never made that kind of money before in my life. 2022, my husband was getting deployed to Tampa and. Yeah, he was deployed to Tampa for six months.

[A]

Shut the. Right.

[B]

Well, they called it deployed in place.

[A]

Okay.

[B]

And so I had deployed in place or stationed. Yeah, he was deployed in place for six months. So it wasn't like. It wasn't like a permanent thing. So I.

[A]

The terrorists in Tampa.

[B]

So basically, I had a hard time in my job in 2022, and I had a lot of stuff happen, like where I was working, and it like really killed me. So I ended up going out.

[A]

What vagueness. What.

[B]

So I had my first anxiety attack on the unit because of just how the. How toxic the unit was.

[A]

Unit.

[B]

No, I was working. So this is when I was working at a inpatient adolescent psych unit.

[A]

Okay, so it was too much for you working at the.

[B]

Wasn't, but it got to a point where it was. And I was the only therapist on a 15 bed unit.

[A]

Okay, so you can do that and that's fine.

[B]

So I. I started having anxiety attacks because of how the nurses were acting, because they were. They were terrible. And so my psychiatrist took me out of work and I did have short term disability, so I spent the summer of 2022 flying back and forth between D.C. and Tampa.

[A]

Why didn't you go to TAM?

[B]

I had a great time. I was going to Busch Gardens like every.

[A]

Why didn't you go to Tampa with them?

[B]

So I was still at work. I was still working.

[A]

Yeah, but then you weren't.

[B]

I wasn't, but I was back and forth.

[A]

You couldn't afford the back and forth. Why not just go there, stay there?

[B]

Well, back then when I had the great money. Oh, yeah. I could afford. Like I was.

[A]

You couldn't have. You drained the. You drained the account. That's not. That's not the. Life will never be good again.

[B]

Life was great.

[A]

Life was. It will never be good again.

[B]

It will, though.

[A]

But then not with this lady. And math is. Oh, my.

[B]

Math is not my strong suit. It did take me Five times to get out of college algebra.

[A]

Five times?

[B]

Yeah. Well, I failed it four times.

[A]

What did you fail?

[B]

College algebra. I failed it four times and passed it the finally, the last time. So then 2022, my husband is getting ready to come back to D.C. and I had quit my job and had started another one. And then my husband decided that he was going to help me out and get me out of debt again. So that's. That's time number three.

[A]

So let me ask.

[B]

A personal loan of $50,000.

[A]

He took out a loan. I thought he was a millionaire from the sounds of it.

[B]

He took out a personal loan.

[A]

Why does he have it? Is it that he took it out so they. Does he still have the personal loan? Does he still have the personal.

[B]

Yeah.

[A]

And are you paying him?

[B]

So I was. But then when he got like actually, actually deployed, like overseas, I had to move. He's like, we're not staying in D.C. now.

[A]

What are you going to say for deployment? Are you going to say he went to Berlin?

[B]

No, he went to Al Dhfara, which is like an hour and a half from Dubai. So he was like, we're not staying in D.C. because rent was expensive. Everything was expensive. So I was like, let me move back to Mobile with my friends. I'll be happy. And I moved back and of course I got this wonderful job with a master's degree making $20 an hour. It's great, this one.

[A]

Oh, so you got it in mobile and then you.

[B]

I did. And I'm there to. Let me work for a moment.

[A]

What happens? He'll f cking move again. He's moving every second of his life.

[B]

So he is about to retire. He has put in his paperwork. He is 42.

[A]

Thank you so much to the tens of thousands of people who downloaded my budgeting app Simpler Budget. It means a lot. So much so that we wanted to extend our offer. There is now an extra week left to get a 30 day trial to simplr budget with a 30 day free trial to Simpler Budget premium and lifetime access to my new Budget friendly cookbook. On top of that, anyone who signs up for an annual membership right now or before February 14th, which is my birthday and renews the full price, will be sent a free free Founders Edition notebook. Upon renewal, all copies will be decked with our Founders Edition stamp and the Simpler Budget logo and signed by me. Just make sure you provide us your address and your proof of purchase in the email we send you. Thanks again to everyone who's already downloaded Simpler Budget and you can Download it right now for free@caleb hammer.com app. Hey, 2,400 came in. As you said, you were pretty close. I mean, it was just slightly under, but like 20 bucks. Okay, that's fine. How much did you spend this last month?

[B]

Negative? Because, like, I can tell you my count.

[A]

You spent negative. That doesn't make sense. So you actually. What do you mean you spent negative? Hey, how much did you spend this last month? How about that? How about answering the question I asked?

[B]

How about I don't even know because I don't even keep track of.

[A]

Dude, your best guess. I just want to see where you assess yourself. I don't ask this for no reason. You are so complicated for no reason. What do you think you spent this last month? What do you think you spent this last month, lady?

[B]

I don't know, like 3,000. I don't know. Take a guess. You know better than I do.

[A]

Yes, I know the number. That wasn't the point. How are you this like. Like brick walled in the brain?

[B]

I don't know, but, like, it's just not even.

[A]

No, no, no. So $2,400 and you say 3,001 hour. Why is it okay to spend $600 more than you make while relying on dead d?

[B]

My husband takes care of me.

[A]

Yeah, I know that he enables your behavior. Why is that okay? Why is that okay? Why now you think why?

[B]

Because I had my grandmother that, like, helped me out my whole life.

[A]

Now you're just telling me something that happened. Why do you think it's okay?

[B]

Because it is. I mean, he's my husband.

[A]

So you have no reason. You're not able to actually answer that question. You are in. Able. How do you help people with their problems?

[B]

So I do substance abuse, right? So I help people who are.

[A]

You have the substances. Abuse of money.

[B]

I mean, yeah, but see, when I'm in my job.

[A]

Spoiled.

[B]

It's not. It's not all about me. It's not all about me.

[A]

You're spending and life is. You spend more than you make and you get money from Dundee.

[B]

Yeah, he takes really good care of me.

[A]

Stop saying that. Adding that to the list, the spray bottle list. For you to say that four times. That doesn't answer a question. That doesn't benefit the conversation. Also no. Also no. You spent $4,000 and you think that's okay, like you're some kind of mature adult. I'm glad you're not having.

[B]

I am very mature.

[A]

Have you. Have you been able to hear the words that are happening in this conversation so far because I can't allow you to believe that it's. That it's proud to spend hundred $75,000 in a. In five years or $110,000 a month, a year. I can't let you think that you are mature. I can't let you think that it is okay to be enabled constantly throughout your life because look where we've ended up while being enabled. I cannot allow you to think these things. You continue to think these things, and we will not actually change it. Just like many people that come on the show, you come on the show, you see it from the audience perspective. Okay, cool. You come on the show and you think this is just going to be a numbers game. I create the budget. You fix a problem. No, it is those three things added up so far. Those behavioral, mental things, belief things. It is those that if you do not address, you do not fix. You do not change your mindset on. You will continue down this path forever. He will not be in your corner because he'll get sick of it. You'll get sick of your. And you'll be done dying under a bridge.

[B]

I don't think that'll happen.

[A]

Why? Because of him.

[B]

Because he loves me, okay? And he's like, that was.

[A]

That was not the point.

[B]

He has seen me through so much.

[A]

How are you taking that as the point? Why are you locking on to. That is the issue, lady, I didn't even. That wasn't the point. That wasn't the point. Just, where's the. The ability to think? Where's the.

[B]

But it's okay because I'm gonna be a fancy lawyer one day. It's okay.

[A]

So that's the new career path. That's the question.

[B]

Yes. I'm getting ready to take the LSAT and I'm applying to law schools because I.

[A]

Wait, so you're going hundreds of thousands of dollars into debt?

[B]

Yeah, I'm already. And let's not.

[A]

You don't respect money. You don't understand money. You have no respect for the dollar. Look at that. You casually blow 110,000 hours a year and you think that is like you living on poverty, like living on 20,000 hours a year. Now you're gonna go hundreds of thousands of dollars a year into debt for school. And you're like, that's nothing. And you're not even good with stressful jobs. Good luck lawyering.

[B]

I am really good with stressful jobs. I'm gonna disagree with you there, but.

[A]

You told me your story and you want to Leave this job and everything.

[B]

But I wanted. I've always wanted to do better. Right. So basically, I'm good with better.

[A]

But you're not doing it in a smart way. Sorry.

[B]

In 2022.

[A]

Oh, is this another story time? We're going down. Story central.

[B]

Yes, Story Central in 2022. It was great because I decided I wanted to.

[A]

Everything is great in the past. Everything.

[B]

Right. And then I wanted to get my PsyD. So I was going to go be a psychologist. Yep. I was going to go on. And then now I applied for a school in San Antonio, and I did not get in, but they offered me a spot in their master's program. So I accepted. And I went to class one day and it was like, I'm burned out. I'm done. I don't. I don't want to do it. So then I got back to my roots because when I started undergrad, I was headed to law school like that. I. That's why my undergrad is criminal justice. I was headed to law school. And then I had people in my corner who just pretty much just told me I couldn't do it. They told me how hard the LSAT was, how hard it is to get into law school, and all this other stuff. Just basically like, you can't do it. Right. So now I'm about to show everybody what I.

[A]

You're not going to show anybody. You've never accomplished anything in your life. You're a complete family failure at 39. Not a complete. That's brutal and rude, but it's what you need to hear.

[B]

Not a complete failure.

[A]

You are just using school as an escape, as a vessel, as a way to not work, as a way to not confront your issues, as a way to not act mature.

[B]

I could be worse.

[A]

What is this? The Infinity Stone collection of financial audit could be worse. Haven't heard that in a second.

[B]

Yeah, it could be worse.

[A]

Yes, it could. Everything could be.

[B]

Addicted to so many things that.

[A]

You didn't break the rule. You're just pissing me off. Yes, but it's not about that. Why is. Because I could be on my 600 pound life. You think it is okay that I have this? Objectively? No. I am not a healthy person. I am objectively not going to live as long as other people. If I have this. I do not have as much energy as other people. I am objectively unhealthy. Just because it can be worse, and I could be what Tammy was on Thousand Pound Sisters does not mean I am in a gut good health position. Why? Why? You're using now instead of just using school. Now you're using that as a way to justify you being okay. You're probably using. Listen, you lost £100 and that's great. But you probably use the concept or the fact that you lost £100 as. Because that's a big goal and big milestone as a justifier for why you don't think you might need to lose more weight. You're still objectively unhealthy. You are. You know, when another pandemic rolls around, who are the people that died? It was the people like you and me. The thick dudes, the dudes with tits. When the old people. Just because you lost £100 doesn't mean you are still in a good spot. You are not. You are likely to die if something happens like that. And you're not as likely to live past the age of 70. It's as simple as that.

[B]

That's fine. Cause I don't have the money to live past 70.

[A]

That's not the point, though. You don't have to be defensive. That is not the point. That is not the point. It is the fact that just because you are not the worst does not mean you are good. That's not how the math works. That's not how the equation works. Don't allow that to be an excuse and enablement of yourself to be in this position and continue bad behavior.

[B]

But it's gonna be okay because I'm only like $120,000 in student loan debt right now. It's okay. Yeah, the other student loan debt will be a future me problem. It's fine.

[A]

But future you. Oh, so are you going back to school to avoid having to pay on the $120,000 right now?

[B]

No. Oh, I've been in forbearance and all that. I have never made a student loan payment. Yeah, I've been in deferment. Like, I've been all the programs you can get.

[A]

No, no, no. Are you in forbearance or deferment?

[B]

Forbearance. Because I sent them. Because I sent them my paycheck stub saying, hey, I'm too poor. I can't pay this. I have.

[A]

Yeah, what if the new administration doesn't give a about that?

[B]

I don't know what I'm gonna do then.

[A]

Yeah, it's future you problem.

[B]

Yeah, it is.

[A]

As in, like, next month. As in literally next month.

[B]

We'll figure out.

[A]

I know nothing about the new Department of Education head future nominated.

[B]

I mean, my payments, when they Tried to get me to pay was like over a thousand dollars a month payment.

[A]

Yeah. And listen, I'm not necessarily against you being on an income based thing or getting forgiveness if you work for a nonprofit. I'm not against that. It's the fact that you just consider it to be nothing in future your problem. Like that's why we're just never going to get anywhere like again through here. It's just an Apple bill. An Apple bill. Dutch Bros. Apple bill. Apple bill. What are all these things? 14, 31, 8, 45, 6, 48. $4.32 through Apple Bill. What the is that? What possibly even is that? What is it? Why?

[B]

Probably games or gems.

[A]

Gems in her phone. Your gems in it up.

[B]

No, not quite. Probably like stuff from Apple Music. Probably.

[A]

Wait, what else can you get from Apple Music? That's not the subscription. None of these are the subscription.

[B]

So I have, I've bought stuff from oh TikTok. I have bought like stuff to contribute.

[A]

And then use Apple pay for that. Contribute.

[B]

Like yeah, I've gotten like psychic readings and stuff like that.

[A]

That's contribute. Well huh.

[B]

Yeah, because like you send them money, right? And they will like tell you your future.

[A]

Why'd you say contribute?

[B]

Because like I contribute to their like fun. Like they're gonna have money, right? I don't have money, but they're gonna have money.

[A]

You're okay with not having money. And it's I think one of the reasons that you're able to say that and one of the reasons why you have the mindset on the student loans and everything that you've said so far. Because your grandma enabled you, then your man's enabled you. You've only ever been enabled. You've never had to actually worry about the consequences of money because someone else has always bailed you out. You've been bailed out three times. I hope for your. I don't want you to get a divorce from a love reason. But I need at some point for someone to not take care of you. So you actually finally learn. You need to go through what a lot of 18 year olds learn. But at 39, because this is a joke more than two decades later. Come on. Oh, and then Apple store $179. The is this.

[B]

Oh yeah, I got new AirPods.

[A]

Oh thank, thank goodness.

[B]

I needed them.

[A]

Hear things.

[B]

I need them. Yeah, I need them.

[A]

Okay. Interest charged this month alone was 84 bucks last last year. Almost a thousand hours in interest. It's at 26.74 interest rate.

[B]

It's a great Interest rate, isn't it?

[A]

Well, what do you think a good interest rate is?

[B]

Like three, four, something like that? My car loan?

[A]

No, no, I said 26.74.

[B]

But I mean, like, yeah, it could have been. It could have been worse. I've seen people with like, 30% interest. Interest.

[A]

No, it's just. It's like you. It's like if you. If you don't value the dollar, it's like, what's going to give you the motivation to get out of this?

[B]

I mean, I'm motivated now. Like, I'm trying to go.

[A]

But why? You just made a joke about the interest rate.

[B]

I mean, like, what do you want me to. Like, I can't change this right now.

[A]

Yeah, but why right now? Why, why, why? Why be stupid about it, though, in the conversation?

[B]

I mean, like, I can't change it, like, right this moment.

[A]

Yeah, but why be stupid about it in the conversation? Do you not know how to answer for questions correctly?

[B]

I do.

[A]

Then do it. Try.

[B]

I don't know. So here's the thing.

[A]

So what generation of inbred are you?

[B]

So here's. Here's the thing. So not gonna answer that one either. With my Apple monthly payment. So Apple was one of the ones that I did not close when I went into debt management. That one and my.

[A]

Why?

[B]

So my debt management said that there was a couple they couldn't work with and Apple was one of them. And I'm like, that's fine, I'll keep that one. And I had somewhat paid it off and then of course I needed it for gas and groceries and stuff. Trying to contribute and. Because, like, I try to contribute when I can, but now I've used up all my credit cards and I just can't contribute to the house.

[A]

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[B]

Husband'S Amazon account and I like, what about this?

[A]

What is your car that you have? Is this the one we talked about, the Nissan?

[B]

So, no, I had a Nissan. I have a Lexus now.

[A]

You have a Lexus.

[B]

I do. I have a 2022 Lexus.

[A]

Is it outside?

[B]

It is. So.

[A]

Okay, well, let's take a look because you are spending $764 a month on this. Let's take a look at this thing because this better be the nicest car I've ever seen in my life.

[B]

It is.

[A]

Oh, let's see then, huh? All right, let's go for a field trip for 700. For $764 a month, this better be the nicest damn car I've ever seen. That's an insane minimum payment for someone who makes $240. $2,400.

[B]

But when I got it, I wasn't like, I was making good money when I got it.

[A]

Okay, how much were you making when you got this?

[B]

78,000. I got it when I was in DC and I got it when the car market was doing so well. My other car appreciated $14,000. And so I put that as a down payment.

[A]

So you did a profit?

[B]

I did.

[A]

Which one is it? Because I don't see one nice car.

[B]

You must not have one.

[A]

I do.

[B]

You must not have.

[A]

How expensive is your car?

[B]

My car? I got it. It was 61.

[A]

Yes. My car is more expensive. Is that, Is that. Are we jerking off over car prices?

[B]

Well, like, I love my car. I'm so, like, it's the only car that I ever got without my grandma.

[A]

Zoom in on the white thing.

[B]

It's. It's like the only car I've ever got without my grandmother's help or anybody's help. Like I did it.

[A]

How the old did your grandma live?

[B]

She was 91 when she passed away. She had a great long life.

[A]

She did not help you. Grandma did not help you. She did not set you up. If that's the first car you've ever bought without someone help and you're in your mid to late 30s, that's a joke. You are an adult. Actually, you know, I honestly thought that maybe you're just being like, oh, maybe I'm a little nervous of the camera. Maybe this is. I'm trying to give my thoughts on the past past and why I justified it back then. But you're not making any adult decisions in your 30s. You are like mentally in terms of your understanding of money in life progress, an actual child in a 39 year old's body. Just in terms of your maturity and mentality. On that stuff. On that stuff.

[B]

Oh yeah, like, I mean my grandmother was amazing. All I had to do was pick up amazing.

[A]

But she did not actually help you.

[B]

I just had to pick up the phone and tell her, hey, mama, I want a new car.

[A]

You got a Lexus suv. No offense, even for the nicest brands, let's call it Lamborghini, the SUV still just look like a normal suv. So it's just like what was the point? You could have got, you could have got a. Just a Subaru. So. Yeah, I don't know. Toyota. No, it doesn't matter. It would be the. It looks the same from the outside to everyone else. Sure, it's a little nicer on the inside, but also you can afford. This is.

[B]

But when I got it.

[A]

When you got it, yes, but we sometimes. I don't want to share all this, but sometimes when our income changes, when our income goes down, when things happen just, you know, here and there, we do something called change our expenses, you know, adjust our budget.

[B]

I got rid of everything.

[A]

When's the last time you ever made a budget in your life, huh?

[B]

I've never made a budget. I like, I've never had to.

[A]

Okay, but guess you because of the enablement. Oh my. You're spoiled. It's like what will this conversation accomplish is kind of what I'm wondering then like of your net income, that's 31, 32. That minimum to payment is 32% of your net income. That's crazy. Going to a car payment. The money guy rule. Money Guy rule. My boys Brian and Bo over at Money Guy Love their YouTube channel. Very educational, very good. That's 8% of gross income on gross. I mean, you're probably going down from 32 to what, maybe 25 or something. But even still, you're beyond over plus, I doubt. Well, how long was your term? Because their rule is three years. How long was your term?

[B]

So I did five and then I refinanced it. Refinanced?

[A]

Didn't you get it when rates were at the bottom?

[B]

So I had a co signer to help me out to get like.

[A]

Because you can't do anything on your own. You just bragged about how you did that car on your own.

[B]

Well, I did. Like, I put all the finances I.

[A]

Had to sign cosign. Because you couldn't get approval. A loan.

[B]

Because I, I could get approved for a loan, but I wanted a better interest rate.

[A]

What's your interest rate now?

[B]

6.3.

[A]

Okay. It's not like, like, yeah, look, look at this. Great. Whatever. Okay.

[B]

But my first car loan I ever had was like 16%.

[A]

So you owe $32,839.72. And how much did you put down again versus the purchase price?

[B]

$17,000. Purchase price was 58. 7.

[A]

Okay, so you're. Yeah. I mean, you hit their 25% rule. Our boy Jake has the value of the car.

[B]

And I think that, I think that it's actually like I have equity in it.

[A]

He's pulling it right now. But when does the term expire again?

[B]

Like 20, 29, I think.

[A]

No offense. It did not look that nice. Neither does mine, for what it's worth. I mean, it's just. They're SUVs. SUVs. Never. Look, they're never the nice looking car of the brand. That is a nice brand.

[B]

But it's Lexus.

[A]

What does that mean?

[B]

It's Lexus?

[A]

That literally means nothing to me.

[B]

It means a lot to me though.

[A]

Why?

[B]

Because, like, it's the first car. Because after my grandmother died, I almost bought a Jag. Almost. But I didn't.

[A]

Why would I want you to buy a midlife crisis car?

[B]

I'm not. I was gonna get.

[A]

That's what the like retired kind of lower middle class guy gets at the end of the cul de sac as a Jaguar. Like, what are you talking about?

[B]

I think that'll be my next one.

[A]

Jaguar. They're not even cool. What?

[B]

But I'm happy with my Lexus. I love that car.

[A]

That's great. You have a Lexus. Of $40,000 a year. It's crazy. The purchase price of that car was $20,000 more than you make in a year gross.

[B]

But I got rid of everything that I had when I did debt management. Like, I got rid of everything except my car and my purse.

[A]

Purse.

[B]

Yeah. I have a Louis.

[A]

Huh?

[B]

I have a Louis Vuitton that I bought when I was making good money.

[A]

So when you make it so. Because if I even try to get your income up, if I try to get your income up, it doesn't even matter because you just spend the money you have your lifestyle, inflate yourself up to the rooftop. So that wouldn't even do anything. If we get you to. You have to budget, please do a few things with the resources we provide. You go through our budgeting class for free. Actually build it. Go. I would go through it with the husband as well, but why not? You get it for free, make him go through it as well. Go take the quizzes, do the education, Build up the budget, stick to it. Go through the debt class so you can understand this debt. The debt management process you went through the good debts to utilize, then eventually go through our investing. Once you don't up, another massive nest egg. The next time you build one up, go through it all. You get it all for free. Free. You guys get it for 15% off when you bundle all them together. Or if you're part of our simpler budget app, which download your simpler budget app. Download that, build your budget in it. It automatically pulls from your accounts. It's a simple app. It's what you need. Just the basics.

[B]

How do you budget? Negative, though. How do you budget? Because, like, obviously I have more going out than I have coming in. Like, how do you budget?

[A]

We'll look at the end and see if that's possible. Sometimes you do need more income, depending if you've pushed yourself too far. But use the simpler Bud app. Okay. And then sit down with a domain financial adviser. It's the people I use. It's the people our audience use. They get a free session. You get a free session. Sit down with them. Please utilize our resources. I'm giving you this. I've partnered with them for a reason. For you as the guest. Okay, well, we built the budgeting app, but even so, you get it for free for a lifetime. Also, you never sent us the VIN for your car as we requested in order to get the value of your car.

[B]

I thought it was on the.

[A]

It's not.

[B]

AutoNation sent me an email this morning telling me that, like, I have value in my car.

[A]

Okay, what did it say it was worth it?

[B]

Like I had like 5, 4, $500 equity, which, I mean, isn't much, but it's better than being.

[A]

So I said it was worth like 38,000. Okay, good.

[B]

Which, I mean, that's about right.

[A]

I agree. You're gonna sell it.

[B]

No, I'm not.

[A]

Then this conversation's done.

[B]

I mean.

[A]

No, no, no. If you're not willing to do the most basic thing, this is as much as your income, this conversation is done.

[B]

But it's not. Here's the thing.

[A]

No, no, no. You know, you don't understand what I'm saying.

[B]

I do understand. No, I do understand.

[A]

If you're not willing to do that, there is no point of continuing this conversation.

[B]

There is. Here's the thing.

[A]

What does your husband think about this car?

[B]

So my husband tried to get me to sell it last year.

[A]

Then there is no point of continuing this. We haven't filmed this long enough to make this an episode. But there is no point of continuing this. Do you not understand that?

[B]

So here's the thing.

[A]

No, you don't. Why are you not able to talk?

[B]

Because if, let's say I. Let's say I sell it, right?

[A]

Please be willing to sell this. Please be willing to sell this. If you don't, if you don't, I can't continue this. I will not allow myself to continue this conversation. If you are not open to the idea of selling this and getting rid of what I think is your largest debt. You have to. You have to because you'll have 4,000 hours of equity. You're gonna sell it. Very good. You take that four thousand hours, maybe we borrow six thousand, you get a ten thousand dollar car. Yes. Your classes. And then all of a sudden you pay that off as quick as you can. And then, and then we save up. We save up. We save up after we have a six month emergency fund and we're contributing to retirement to try to get us to a place where you have the chance to retire when you're able to take from the taxable retirement funds in 20 years without any penalties. And we save beyond that. We cut back some from some fun and you get yourself a newer, nicer Lexus, which we can get you to if you follow our plan. I am not willing to continue this conversation if you're not willing to sell the car.

[B]

I'll message. So I have to talk to my debt management program because like I can't do, I can't open like any credit Stuff.

[A]

Oh.

[B]

So. Because.

[A]

Okay, so what we.

[B]

That's been the problem.

[A]

Yeah. What we'd have to do in that context, then if that's like, the last debt to pay off, we'd have to save up, like $6,000, sell the card, then roll that $6,000 we saved up and the $4,000 equity position into a 10. $10,000 cash car, which is honestly even better if we're able to do that. Okay. Are you open to that? Yes. Okay, then I'm willing to continue the conversation. So this is a Bank of America Royal Caribbean card.

[B]

Oh, yeah. We. We cruise. Who's cool?

[A]

Why doesn't the guy with money pay for it?

[B]

Oh, he does. I just got approved for the credit card with them.

[A]

Why, if he's paying for it?

[B]

Because here's the thing. I kept getting approved for credit cards right after he paid off all the debt, I kept getting approved for credit cards, and it just felt so good to keep getting approved. So I just kept applying and kept applying and kept applying and kept applying and here we go.

[A]

You are a child. You are a child. You are a child. You're a child. You're an infant. You do not have the.

[B]

And we're going on a virgin cruise. Cuz that's what I got my husband for Christmas in August.

[A]

You got him that? How much did that cost?

[B]

So I only had to pay the deposit, and the deposit was like $500. And I put that on.

[A]

You spend $2,000 more than you make. I. He puts it. Oh, he put it on.

[B]

Put it on firm.

[A]

Oh, I don't have the. Cuz I'm fat. The energy to. You're so lucky. There have been people in your life who are willing to baby you. I'm not willing to do that. I'm willing to give you resources that make you go into work and make you. That you have to work for, to benefit from.

[B]

But I did everything. Like growing up, my grandparents told me, go to school, get your degree, and.

[A]

You will get your degree. They didn't say, get a degree that'll actually return on its value.

[B]

No.

[A]

Okay, then go dig them up and slap them.

[B]

I miss my grandmother.

[A]

I bet. I. I love mine like crazy. I get it. I get it. She sounds great. She sounds enabling. But not in an. Not in an. Not in an intentionally bad way.

[B]

Oh, she was always, like. She was always there for me, like 100. She was more like my mom in.

[A]

In ways that have hurt you. Yes. Not again, intentionally to hurt you. She was doing what she thought was best. It was bad. So what's the 523 owed on this? 546. Sorry. 546.49.

[B]

Gas, groceries and a Royal Caribbean card.

[A]

You applied for the Royal Caribbean card, bought a virgin thing. I'm stupid.

[B]

After pay whatever Affirm is great firm because it's so easy.

[A]

Like why do you like that so much? If you've had to go through various forgiveness methods over the past three. Three now looking at four over.

[B]

Over.

[A]

Five years plus draining. Okay, draining a nest egg. Why do you like debt so much? Because it has clearly put you in situations where you've had to beg, bag on your knees like a dog.

[B]

Not exactly. I mean I've just had people who were just there and they just willingly helped.

[A]

Yeah, but they learned about it somehow. You ever feel like you're just burning money on car insurance that used to be me Every single month throwing cash out the window for a plan I didn't even understand. Listen, if you haven't compared your car insurance rates in a while, you're possibly getting played. I'm talking about paying way more than you need to. Luckily, money.com has got you covered by helping you compare pair multiple car insurance options all in one place. So you don't have to waste your time calling 15 companies like it's 1995. You might take a look and find out you've been overpaying by hundreds of dollars. Hundreds. It can take just minutes to find a better rate. They'll give you options to compare side by side whether you need full coverage liability or just want to pay less for the same plan you already have. So if you're tired of getting burned by fees, click the link in the description to check out money.com and compare car insurance options. Stop paying more than you have to. It's super easy. And you could bump up your monthly savings rate. That's a win win. This is a paid endorsement sponsored by money.com, which is compensated by its marketing partners.

[B]

I mean, yeah, like I tell my husband, hey, you know, I'm in trouble with my bank and I need money and you need money.

[A]

So you're asking for money. You don't understand that you.

[B]

But my husband has it. Like he makes great money.

[A]

You have a disgusting. I'm sure you're a very nice person outside of the world. It's just this financial convers in general. But you have a disgusting attitude and mindset towards debt. You're addicted to debt. You are confused about debt. You don't understand the Value of a dollar. You just get enabled on every single. Listen on here. You purchase $46, so you're purchasing more money than you put towards it. It's a 35 minimum payment, but you purchased $46.25, and then $11.34 of interest occurred. How long does this take to pay off? If you just do your minimum payments with no other purchases. No other purchases.

[B]

Probably. I'm guessing probably a year. I was thinking 19 months, so I wasn't too far.

[A]

19 months for $546 without purchasing. And you can't not purchase with the target and got donuts and cosmics and. Yeah, Peach wave frozen yogurt. Trust me.

[B]

Oh, yeah.

[A]

That's not cutting the cows that much.

[B]

We love Shipleys.

[A]

What was the point of the weight loss surgery if you're getting Shipley's so endlessly? Not one time.

[B]

No. Yeah, it is endlessly. So what is the point? Yeah, this far out from weight loss.

[A]

Hundreds of dollars of interest back. So wait, what, you lost 100. What have you gained?

[B]

I've gained like 25 back, and my doctor has me on Wegovy, and I was having to pay for that out of pocket in Virginia, but now insurance is covering it, so I don't have to pay anything for it.

[A]

Govin it up, that's okay. But again, unless you treat it like the way you got through the debt management. Listen, those can be, again, a good tool, but the people who do not fix their behavior fix their eating habits the moment you're done taking it, or you just get used to your different levels, you're gonna still gain weight, which.

[B]

Is kind of like what's happened, but, you know, like, I'm. I'm getting there.

[A]

You're. You're. You're. You're someone who does not. Who will never change in life. You don't care enough.

[B]

I do care.

[A]

No, not enough. Not enough. No, you. Come on. You know, budgeting. You know budgeting would help, yet you have never made a budget.

[B]

How do you budget when you have more going out than you do come.

[A]

In here, you don't know where it's going because you haven't made a budget.

[B]

Okay, well, then I need to know how to make a budget then. Okay, fine. Let's do that. You could have, but at the end of the day, like, I've been doing the best I can with what I have.

[A]

No, no, not even a single chance. You've been doing the best you can. You don't know what the best you can even Is don't even use that phrase. Shut the up.

[B]

You. You just don't get it. Like, you just don't get it. Like, what would you do if you were making 20 an hour? Like, what would you do? Like, how would you feel?

[A]

How would I feel?

[B]

Yeah. How would you feel if you busted your ass to get a master's degree only to come out making 20 an hour? Because like, here's the thing. Like, hold on, I'm doing everything I can to like keep my head above water. Right.

[A]

7, 25 an hour. For the longest time I did too. So what do you mean? I don't know what it feels like. I did that for years. What are you talking about? Of course I know that.

[B]

It just, it sucks. And like, I'm here because, like, I.

[A]

Don'T know, throwing that at me. What are you projecting on? Of course I know what it's like. I did that.

[B]

It sucks.

[A]

No, I didn't get a master's degree, but I was actually like 40% of Americans who dropped out of college and still had $40,000 for it in debt. Like, what are you talking about? I'd say that's even worse. You had a better opportunity, so shut the up.

[B]

But it's really not a competition. I'm in six figure debt for a master's degree, that is.

[A]

Yeah, but you could at least utilize degree to try to get a job. It doesn't have to be necessarily in your industry. Doesn't make it easier. Yes, but during the great job market of COVID you could have almost got any job you want as long as you could demonstrate relative skills, which is.

[B]

How I got my hospital job. And I love that job too. I love that job. And you know, I had just gotten my Virginia temporary license when we had to move. Like, I got it.

[A]

Oh, this Hilton honors card is in insane. I don't need another story. This Hilton honors card's insane.

[B]

So part of that is my husband's fault? Part of that what?

[A]

The guy with the money? How would it be his fault? Tell me.

[B]

So when he bought the house, of course he bought a brand new house. And it didn't have you. Washer, dryer, refrigerator. And of course when you're buying a house, you can't, you know, put anything on credit. You can't do anything.

[A]

So while you're through the process of the loan getting approved, you mean? Yes.

[B]

So we went to Home Depot.

[A]

$431 a month.

[B]

Yep.

[A]

We're done. We're done.

[B]

We're done. Yep. And that's not even. You see, you see the interest rate, and you see, like, how much interest is being charged.

[A]

So you what? Why? Okay, so he wanted to get what again?

[B]

We got. We got a washer, dryer, and refrigerator.

[A]

But he was gonna do it, and he was gonna put it on his credit, but he couldn't because he was in the process.

[B]

So.

[A]

Cool. So why didn't he give you the money then to pay this off?

[B]

So the deal was I was like, you know what? I want to contribute. Let me pay half. So we put it on my credit card. And marriage. He. He gave me his part, and I paid. I paid the 2,000 toward the card. And then, of course, I can't pay my. My part, right? Because, like, I don't have it. So that's where we are.

[A]

What? That's where we are. Wait, did I miss something? You paid your 2,000? Who owes the 12,447?

[B]

That's. That's me. I owe it.

[A]

So what. What. What was.

[B]

So. Oh, and I want to also let you know that on that card, I had a friend that needed help getting a car. So I put a $2,000 down payment on her car for her to help her out, and she said she's going to pay me back. Like, we've been friends for over 10 years.

[A]

When was that?

[B]

August of 2023. Three.

[A]

Three.

[B]

Yes.

[A]

You're not getting your money back.

[B]

I mean, she sent me, like, a hundred dollars.

[A]

Oh, and you didn't just give someone money. You took out a loan on her behalf. Oh, this card last year alone accrued $3,200 of interest. Somehow you actually made the minimum payment, but. $310 of interest accrued. $310 of interest accrued. For sake.

[B]

This is insane, but I'm getting a lot of Hilton Honors and I get to stay at Hilton property.

[A]

What do you mean, Hilton Honors points? You're not making any purchases.

[B]

So all the purchases that I have made, I have, like, 151,000 Hilton Honors points.

[A]

What does that convert to on a dollar amount?

[B]

I don't know, because I think it's like one and a half points per. And, like, when I was making good money, I, like, used that card all the time and paid it off, like.

[A]

44 and 55 points.

[B]

I was, like, doing what you have. I was doing great.

[A]

What does that equal in, like, dollar amounts?

[B]

A point and a half? A lot. But yeah. So we came a couple weeks ago to Austin, and we spent the night in one of the Hilton properties for Free because of all my points. And we're going to Boston in April.

[A]

Yeah, but you spend more than that when you go on travel. You're eating, you're doing.

[B]

My husband pays for all that.

[A]

You better. What about the flight?

[B]

My husband pays for all that.

[A]

Good.

[B]

My husband.

[A]

That's the only way I will allow you to do that. However, you should spend the time working instead.

[B]

My husband pays. My husband pays everything. Like I literally.

[A]

That's objectively not true. We've looked at this. He pays like senior spending.

[B]

He. He pays like when my account balances. Like he. He covers electricity, water. We just got a puppy. He paid for the puppy. He paid for vet bills like in part on that American Express card. That one in CareCredit and Credit One. I had to. I had to put vet bills on there because my dog.

[A]

Why didn't you have pet insurance? Like a responsible pet parent?

[B]

I've heard bad things about pet insurance, so that's why I didn't do it. People are saying that.

[A]

Hey, I think I heard things about. You just had to put your pet stuff on a credit card. So I think pet insurance would have been better.

[B]

Maybe.

[A]

Okay. By the way, each point, one Hilton Honors point is worth.006 cents. You said it was worth a dollar and 50 cents each one point. I think you're like not only entitled, you're a little stupid on. You don't understand your finances. Not stupid in the world, but stupid and finances.

[B]

I mean, I've done the math.

[A]

You have $243 in points. That's what you got from all that. It accrues $500 a month in interest a month. You got $240 in points one time.

[B]

But that's $240 that like I get to go somewhere.

[A]

No, no, no. You're losing double that on a monthly basis. But that could be going to staying somewhere twice.

[B]

I like to travel.

[A]

This must be the consolidation loan.

[B]

Yes, that's all my debt management. And they. They did help me with a lot of the interest rates on a lot of them, as you can see.

[A]

But it says current APR is 25%. So that's your good interest rates on.

[B]

The next to that the dnp. A pr. Like it shows you like what they got it down to your current payments.

[A]

A thousand hours a month.

[B]

So you're done.

[A]

You're done.

[B]

My bankruptcy, My debt management. Oh, I almost filed bankruptcy. I tried to a few months ago.

[A]

It doesn't matter because what happened? Hey, what happened? Why did you have to. You got Your debt paid off once by taking from the retirement. Why did you have to pay off debt a second time after that?

[B]

Because I didn't learn my lesson.

[A]

There you go. So if you have to do this the fourth time, you're not. If you declare bankruptcy, bankruptcy right now, you're going to be in bankruptcy in two years. That is your trend. You actually answered it. Answer correctly for the very first time. And if you're able to acknowledge that no, you don't get debt forgiven, you don't do this, you don't do things until you are able to actually change your behavior. Because if you get to a point where you're actually getting help but you don't change your behavior, you end up here for the fifth time.

[B]

No, I think this time is going.

[A]

To be so what's different, huh? Tell me with words and logic.

[B]

So because I'm making my debt management payments, they'll be done in a few years and these next few years gonna.

[A]

Be in your mid-40s. $0 in retirement. What a joke. Life together in our 40s. What a f. Cking joke. What a joke.

[B]

I'm gonna have some retirement.

[A]

No, it's a joke. It's a joke. It's a joke.

[B]

I'm gonna have some retirement though.

[A]

How? I mean, you're saying things but you're not able to back them up with anything.

[B]

So my long term goal is once I get out of law school.

[A]

Oh, that's a fucking. That's right. That's right. Hundreds of thousands of dollars to tear.

[B]

For law school because I mean, that's why I'm trying to get really good on the LSAT because that means I can get scholarships. So law school won't be so much because you know, law school's like super expensive.

[A]

It can be nowhere super expensive.

[B]

Like 15 to $30,000 per semester. And I sure don't have that kind of money laying around.

[A]

You don't have any money laying around.

[B]

I don't. I have a negative money rolling around. So it's kind of where we are fixed.

[A]

But you're not.

[B]

I'm, I'm, I'm gonna fix it.

[A]

Everything is gonna. Gonna gun it. Your entire life has been gunna. But you've never gunned. You've never gunned meaning now you, you were gonna. When you were, when you were 20, you said I'm gonna. And then when you're 25, you said I'm gonna. When you're 30 you said I'm gonna 35. Gonna. You're almost 40 and you haven't gunned.

[B]

Once months because I'm too busy. Like I do a lot of things.

[A]

For other people hours a week. Shut the up busy.

[B]

So on one of those.

[A]

You don't have any kids. Shut the up busy.

[B]

One of one of those credit cards. I bought my mom a three thousand dollar scooter because we were getting ready for our Disney wedding. And.

[A]

Disney. Why did that can't be cheap.

[B]

It. It actually was.

[A]

What's cheap? You don't know the value of a dollar.

[B]

So we did.

[A]

I just sounded like the Beetle.

[B]

Just what we did a Disney cruise wedding and the package was only like $4,500 for the whole thing for just the wedding package. And then our cruise fare was I like 2,500 I think then he has.

[A]

To get things like he had to get suits. And you.

[B]

He had a custom made suit.

[A]

And what did you. You must have. Did you have a custom wedding dress to go with it?

[B]

So I didn't have a custom dress but I did have a couture 10,000 wedding dress. And then we took pictures at Disney when we got back and that was $3,000. But my husband paid for that.

[A]

I didn't pay for that and the dress.

[B]

So I paid for my dress.

[A]

How? How, how, how? With what money? How? What money? How.

[B]

So when we were in D.C. this is when I was making good money. That's how I was able to afford the dress. The original.

[A]

No, no, no, no, no, no no. You don't get a $10,000 just dress one part of the multi thousand hour wedding. Good value wedding. You don't get to do that with $75,000 a year. You don't know. It's because you pulled through retirement fund. It's because you pulled for the next thing that was given to you from. Was it grandmama? Was grandmama the one that gave us the money? Did she give your mom money? Okay then why the do you have to buy your mom a little scooter mobile?

[B]

Because my mom apparently didn't have any money left.

[A]

You both, you both are the same. I need to have an audit with her.

[B]

You do?

[A]

How? Generational incest.

[B]

What she's like 63.

[A]

Is she morbidly obese? So is that's why she's get like.

[B]

She can't. She's got a lot of health problems.

[A]

Which is what happens if we get morbidly obese in our 60s. You're headed to your 40s.

[B]

She's got knee problems. She's got.

[A]

What happens when you're morbidly obese.

[B]

Got all kinds of problems, which is.

[A]

What happens when you're morbidly obese.

[B]

So. And because her scooter broke like the weekend. Two weekends for our wedding.

[A]

Because she's morbidly obese and.

[B]

Yeah. So I bought her a scooter and she was going to pay me back, and she didn't.

[A]

Oh, that hasn't happened ever in your entire life. Oh, it just threw my thing. But, like, only thing helping me through it was.

[B]

It was great because, like, we had our great wedding and the pictures were great.

[A]

Where's the debt for that 10,000 you had to have taken out? You either took out debt for the wedding dress or. Or. Or you paid for it in cash, and then all the other things that you normally buy with cash, you put it on debt.

[B]

So I didn't.

[A]

So basically went on debt somewhere in some way.

[B]

I didn't though, because when I was in D.C. this. When I was making great money.

[A]

You were making great money for D.C. i.

[B]

So I didn't have to pay for it all at once. I had to put a deposit down, and then I just made payments like every time I got.

[A]

That is a debt. You.

[B]

But I didn't. I didn't put it on a credit card card.

[A]

Debt is still debt. You. What? You think credit card's the only debt? I'm.

[B]

But I didn't go into debt.

[A]

You.

[B]

You.

[A]

You just. We. We just defined it. Yes, you did.

[B]

But I didn't put it on a credit card.

[A]

There. There are more debts out there than a credit card.

[B]

I disagree. But.

[A]

Okay.

[B]

But debt. Debt to me is just on a credit card.

[A]

Right, but that's not true. That's just one of those endless things in this conversation that I need you to change your mind on. Why? Why? Come on. The money show. The money show where we talk about this and. And I say something's a debt, and you say that's not true.

[B]

So I guess for the longest time, I've kind of been in denial.

[A]

No.

[B]

And I really do want to change. I just don't know how.

[A]

Maybe start with listen to me.

[B]

Okay?

[A]

Someone who's done it and has helped many thousands do it.

[B]

But my wedding dress was so pretty.

[A]

I get it. These are the sacrifices we make. We do the sacrifice game when we're getting out of debt, we give up some of the things that we want. Not saying you can't have the wedding, but maybe we're not getting a $10,000 dress in the wedding. Listen.

[B]

And that was the second wedding dress I Bought, too. I had a dress when we eloped in Vegas. I had a dress for that too.

[A]

You were already married?

[B]

We eloped before he went to Tampa.

[A]

And yeah, you guys really aren't married anyway, so maybe we need to have a third. 1, 2, 3, 5. $2 owed on this card with a 80.96 sent minimum monthly payment. You have to be receptive this stuff for me to continue. Are you receptive?

[B]

Yes.

[A]

Promise. 102,352.93. Oh, it's an American Airlines advantage. Gosh. Oh. Because the airline miles don't say any words.

[B]

I really don't fly with them. I fly with Southwest mainly.

[A]

Well, I'm glad. We have $2,352 and 93 cents of debt that we're giving them. 80.96 in minimum. The payments for a one we don't use. Four fees. We had fees. 90 fee. It must be a plan fee. And then $403 of interest accrued last year. Capital one quicksilver.

[B]

Oh, yeah, I have that credit card. It sat empty for a long time and then.

[A]

Stomach's yelling at me. Is keeps going. Are you okay?

[B]

Yeah.

[A]

Are you about to RIA all over the.

[B]

No.

[A]

701.56 of the 25 minutes payment. 6. 687 purchase. 17.17 of interest target. What is happening to you? You are seriously dying. I don't think the mic's picking this up, but are you transitioning into a creature? Are you about to. Did you take the substance before this?

[B]

No.

[A]

Are you becoming your greater and better self in front of my eyes?

[B]

I think so.

[A]

Okay. $134 interest. Here's credit one. Credit one sucks. You know, you're in the bottom of the barrel. That's.

[B]

That's how I've had that card since 2015.

[A]

Yeah.

[B]

By the way, feel like a long time.

[A]

Fun fact. Close all your accounts right now. Boom. There it is. Got it. Instruction number one. He said you wanted help. There's your help. Okay. Okay. You got it?

[B]

I got it.

[A]

Okay, it's almost maxed out. I mean, 100 of interest. You can't actually shut up. No, I'm not surprised by anything. Listen to your language. Listen how your behavior. Listen. If you're gonna use your credit card, you can use a debit card called the fizz card in our resources section just like everything else. It's a debit card, but it builds credit and you still get the rewards, but you can only spend what is in your checking account.

[B]

Okay, but I like to buy now, pay later.

[A]

I know you do. It has not worked out. Your stomach is still making sounds. Raymond James. What is this? 100. Wait, what is this? 199 000.

[B]

That was my.

[A]

Oh, this is what it was. Look. What it could have been. No, no, no, no, no, no. It wasn't 175. It was deposited. 226,000. You had 50,000 more than you even told me. You blew through a quarter million dollars? You blew through a quarter million dollars. This would change everybody's life there. You have to get to like a hundred millionaire status for a quarter million dollars not to matter at that point. This would change everyone's life. From the producer's life to your life to the person on the street to my life. And I've been blessed enough to be pretty darn successful. A quarter million dollars is life. You can do so much with that. You know how much I could grow this business? The quarter million dollars is hidden right now.

[B]

I was supposed to get more.

[A]

I'm glad you didn't because it would be gone. You're a spoiled brat.

[B]

I think I would have kept it.

[A]

What? How can you say that you went through a quarter million. You're so defensive. For no reason. You're so defensive. There's. There's no suggestion. There is no suggestion that.

[B]

You okay over there.

[A]

We have to do law school. Because again, there's no point. What if we make a plan? Doesn't make sense to go into law school. That'll be a full time job making $0 and going in debt.

[B]

No law school. I'm doing part time and it's online.

[A]

So what is that going to take 10 years?

[B]

It takes four instead of three.

[A]

How part time is that really then?

[B]

So you do classes Monday, Wednesday, Friday.

[A]

So how are you gonna be able to work?

[B]

So my job. I work 5am you hate your job. I do, but I'm gonna have to hold on to it. Like that's, that's why I'm. I'm. I'm having to stick it out. It's like I literally don't have any other choice.

[A]

No, you. You really don't. You really don't. You. You really don't. Maybe you should get an accounting certification through course careers. There are boys that you can put on resumes. Just. Yeah, and more resources. I just want to give you access to everything. But at least it'll teach you to how to make accounts. Just go through our budgeting program. That'll be good. Actually, never mind. You're Doing law school. You don't need that. Maybe we'll gift one to the audience. I did not expect this. I just didn't, I didn't know what to expect. I really thought this conversation was basically like, we've hit the bottom of the barrel. There's no way you ended with $587 in your checking account. This is a joke. You are 39, but you're acting like you're 13.

[B]

But it's gonna get better. I, I, I'm, it's, it's gonna get better. Like, it's, it's gonna change.

[A]

Like, today, Jake, for a second, I'd like you to gla. Grab her slider and take it to zero. If you would be so kind. You're participating in this conversation is no longer required. Shut the up. You're not being picked up right now. You have no audio. You're muted. You're done. You're not being picked up right now. You're not even being picked up right now. Not even fair. You blew through a quarter million dollars is no fair. Let me. I want to help you. You keep saying you want help, but then you hit me with just the most childish, immature thing. Your door dashing. You're in an Apple Cash. Apple Cash. PayPal, Dutch Bros. Pizza Hut. Series X, XM, Series X. We're not in the 2005. What are you doing? PayPal, Starbucks. You're not being picked up. You're not a part of this conversation. You're not being picked up. They can only hear me. Ulta legion. The PayPal. PayPal. PayPal. PayPal. Mama Margie's. Oh, there's an overdraft of 35. Shut the up, lady. Bath and Body works wisely. Idiot. You're not being picked up. No one can hear. You can tell me whatever you want. No one will hear it. PayPal, Pizza Hut. Netflix Discovery. Overdraft fee. Overdraft fee over Jeffrey for this month so far. Disney, Disney. Disney mob. What the is a Disney mob? PayPal. They still can't hear you, so I don't give a overdraft fee. Overdraft fee. Overdraft fee. So what do we have? Four, five, six, seven. Seven overdraft fees in one month? I, I, I, oh, $770 of overdraft fe. This is yours. So far, there's I'm, I, I, I, I, I, I. You can, you can bring her up. You can bring her up. You can turn. You can turn. Oh, well, maybe I shouldn't allow.

[B]

But you don't even like. I'M doing the best I can with what I have now. Right. Like I can't go back.

[A]

Not with your health or your finances or anything. So that's just, I, I don't mean it to bring it back to that, but it's just another example of our lives. I'm not doing the best I can on health, but I'm acknowledging that and I'm, I'm willing to acknowledge that. Well, I'm doing the best I can in my finances and I have and I fixed my life. If I don't acknowledge things. If you're just living in delusion, you're never going to get anywhere. Listen, if I build a budget, it doesn't matter. You're going to go to law school and the law school is going to cost more than anything. We can't build you a budget. There's nothing to be done here. And they hate it when I don't build a budget. And so do I. But it's just like you spend 2000.

[B]

We can build a budget.

[A]

We can build a budget.

[B]

There's not a lot coming in. I still have money coming in. Like I'm still going to have my job. Well, okay, well let's, and let's not forget that I'm gonna have student loans coming back too.

[A]

Huh?

[B]

I'm gonna have student loans coming back from back. Yeah. Cuz like in, in my grad school I took out the, the max I could every semester so I could have like money coming back so I could.

[A]

Film the post show. That's, that's that I can't, I can't deal with that logic. Sit down with the resources we gave you, maybe they can get across from you in a different way. I've actually tried to be more chill in this and just like give it to you because usually sometimes I and think people need the wake up call so I go intense. But you, you're just, you're lost. Your mindset on this is so broken and you thought this show would fix you by it being a number problem. It's not your, your maturity levels. Your view on this is so out of whack that it is done. That is done. And this is your neighbor, co worker. Everyone's apparently psychologist too. This is your. Listen, I'm going to be a lawyer.

[B]

It's okay.

[A]

I'm gonna be a. I hope so. I hope so.

[B]

And then I can come help you one day.

[A]

Yes, you might be good at your job. You are bad at finances and you are not willing to listen and you're being unproductive. You're not. You're not. You're simply not. Your worldview and everything is wrong. Your worldview and everything is wrong. Stop it. Stop it. Stop it. And your financial score inbred. And if you want our come join us in the post show. We'll at least have a more good time there. I'll get out of the bad mood because we can just have more fun. But usually we, we learn about something crazy that Lindsay knows that I don't know because Lindsay knows everything about their lives. And join the elite for more value. There's a call in show where you can call in and you can talk to me and get my take on your situation, whatever it is. If it's life, if it's drama, if it's, you know, if it's finances, join elite. See in the financial auto post show. My name is Caleb. How are you? She's been bailed out. Bailed out, bailed out. Her car payment fell through and I'm thinking, I'm like, I just sent you 500 yesterday. So your car payment fell through today. She got a co sign of her ex. When she was married with you, she brought in her ex to co sign.

[B]

Yeah.

[A]

This is to watch the financial audit post show. Click the join button below.