$350,000+ Of LGBT Debt | Financial Audit

Summary

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Podcast Summary: Financial Audit with Caleb Hammer

Episode: $350,000+ Of LGBT Debt | Financial Audit

Release Date: August 11, 2025
Host: Caleb Hammer
Guest: Trey, 30, from Tampa, Florida

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1. Overview:

Main Theme:
This episode features Trey, a 30-year-old marketing professional who faces massive financial challenges stemming from a failed relationship, a co-owned home at the edge of foreclosure, over $55,000 in bad debt, and ongoing lifestyle inflation. Caleb dissects Trey’s accounts, exposes problematic spending and debt behavior, and issues harsh but candid advice on how to escape his financial rut.

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2. Key Discussion Points & Insights:

A. Trey's Background and Income [01:53–03:09]

• Trey: 30 years old, lives in Tampa, FL, works in marketing for a telecommunications company
• Income: $87,500/year (pre-tax), nets about $5,000/month

B. The Housing Disaster: Co-owned Home & Foreclosure [03:09–17:03]

• Purchased a $350,000 house in August 2023 with then-girlfriend after a brief breakup
• Both on mortgage, only she on deed: “I had no ownership of the property, but I was tied to it through the mortgage.” [06:32]
• Broke up soon after moving in together; she stayed, he moved in with parents
• House now facing foreclosure risk:
  • Mortgage went unpaid for three months after she moved out and went no-contact
  • Now vacant, on the market, price repeatedly cut (from $385k down to $365k and likely to fall further)
  • Trey now owns the deed after legal wrangling
  • Faces prospect of "short sale" or "deed-in-lieu" if house doesn't sell

Quote:

“After I had mentioned...it was a couple weeks later, I got a notification that my credit score had gotten a huge impact because she had missed the payments.” —Trey [14:14]

C. Relationship Fallout and Emotional Impact [12:34–14:14]

• Communication with ex: toxic, little cooperation
• Ex stopped paying mortgage, left house vacant:

  “She just completely stopped talking to me...the house is now vacant. The keys are on the table. I don’t give a what you do with this house.” [15:16]

D. Persistent Debt and Poor Money Management [18:16–53:33]

• Debt snapshot:
  • ~$54,000 in credit card and personal loan debt (excluding mortgage and student loans)
  • Debt transferred between cards, but not paid down
  • Multiple missed/late payments have tanked his credit score (now ~550)
  • Interest rates up to 30% on some cards
• Spends more than he earns; monthly outflow exceeds income due to non-essential spending on:
  • Going out to eat (~$700/mo), “miscellaneous bullshit” (~$2,000/mo) [32:27]
  • Festivals, VIP concert experiences, EDM events (3–7 times/year) [36:33–38:18]
  • Car modifications for a Ford Mustang (“dream car”) [28:14–30:07]
  • Tattoos ($14,000), games (Clash of Clans microtransactions), F1 posters [53:44, 86:40]
• Claims he makes "plans" to pay off debt but never follows through; justifies investment contributions (Roth IRA) over debt repayment even at lower expected returns vs. high-interest debt
• Stuck in recurring cycles of debt consolidation and rationalization

Memorable Quotes:

Caleb: “You live with mom and she just allows this. This is disgusting.” [75:14]
Caleb: “You spend so much money on bullshit. You live with your parents, so you just do Clash of Clans.” [93:02]

E. The 'Dream Car' Debate [28:14–53:12]

• Trey owns a paid-off Ford Mustang worth ~$23–24k, resists selling to pay down debt
• Justifies keeping it as “nostalgia,” “dream car,” and for belonging to the car community
• Caleb argues selling would immediately eliminate ~1/5 of his debt and free cash flow, but Trey remains emotionally attached:

  “At this point, it’s already paid off, so what’s the difference?” —Trey [51:36] “It’s a piece of metal, it’s a collection of parts. Who gives a fuck?” —Caleb [51:25]

F. Attempts at Budgeting and Financial Literacy [33:33–35:00; 89:31–91:06]

• Trey expresses vague understanding of budgeting (“50/30/20 rule”), tried using apps but gave up when he couldn’t connect all accounts (especially Apple Card)
• Admits he has no structured plan or discipline

Quote:

Caleb: “Budgeting, without budgeting. Then why? What’s the point?” [33:36]
Trey: “I thought I was spending under what I was making. Objectively not.” [34:55]

G. Family & Enabling Environment [07:04–41:00]

• Living with parents for over a year, pays no rent, parents enabling current lifestyle under guise of “letting [him] get ahead”
• Caleb calls out enabling:

  “Mom and dad, kick him out tomorrow. You are supporting such horrible behavior.” [54:30]

H. New Relationship and Communication [38:39–40:30; 60:31]

• Now dating a 35-year-old woman—she’s described as "doing well" financially but still has debts
• Had to disclose messy finances to her “just before getting exposed online”
• Plans to "get to a good financial point" before moving in with her, referencing prior failed live-in relationship

I. Financial Prescription and Path Forward [93:02–end]

• Caleb’s prescription:
  • Sell the Mustang, buy a $10k beater, use $15k for debt payoff
  • Budget strictly; cut all nonessential spending (fun money capped at $469/month)
  • Pay off high-interest debt before further investing
  • Unload the money pit house, even if at a loss
  • Use “living with parents” strategically as a “debt payoff accelerator,” not as an enabler for bad habits
• If Trey follows a strict plan:
  • Could pay off most bad debt (excluding student loans) in ~14 months

Quote:

“That requires you, one, selling the car. ... Budgeting and actually sticking to a plan for the first time in your damn life. It's pretty simple, my guy.” —Caleb [93:05]

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3. Notable Quotes & Memorable Moments

• On House Mistake:

  Caleb: “You broke up with her immediately. ... but that still doesn't excuse you. $55,000 of bad debt. Why the fuck are you in so much bad debt?” [18:01]

• On Living at Home at 30:

  Trey: “My parents are very fortunate and letting me live at home and that’s been able to let me build some cash...” [07:12] Caleb: “Living with mommy and daddy. Are they charging you rent?” [32:41]

• On Debt Justification:

  Trey: “But obviously, I plan on paying off my credit cards before I'm 60.” [19:27] Caleb: “You're going to be in debt until the day you die.” [48:31]

• On Lifestyle Inflation:

  Caleb: “Who the fuck are you to go VIP to all these experiences around the country?” [37:41] Trey: “I want to have fun, you know…” [40:50]

• On enabling environment:

  Caleb: “What a joke. Mom and dad kick him out tomorrow. ... You are enabling such bad behavior.” [54:27]

• On the Mustang:

  Caleb: “Who cares? ... It's a piece of metal, it's a collection of parts. Who gives a fuck?” [51:25]

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4. Timestamps for Important Segments

• 01:53–03:09: Trey’s intro, job, income basics
• 03:09–17:03: House saga; co-ownership, breakup, foreclosure risk
• 18:16–53:33: Debt spiral breakdown; minimum payments, lifestyle, failed payoff “plans”
• 28:14–53:12: Mustang debate and emotional resistance to selling
• 32:27–36:33: Lifestyle spending breakdown
• 33:33–35:00: Failed attempts at budgeting
• 36:33–38:18: EDM festivals, VIP spending
• 54:30–55:00: Tattoos, living at home, parental enabling
• 89:31–93:02: Realistic budgeting, Caleb’s action plan
• 93:02–end: Final advice, summary financial “score,” and follow-up encouragement

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5. Tone & Style

• Host’s Tone: Brash, sarcastic, confrontational, but purposefully direct in exposing delusion and denial
• Trey’s Tone: Defensive, self-deprecating, sometimes self-aware, but prone to rationalization and excuse-making
• Frequent Humor: Running jokes about “jacking off to a Mustang,” “Hot Wheels,” “living with mommy and daddy,” and questions about Trey's spending and sexuality—adding levity and cutting through denial

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6. Episode Takeaways

• Trey’s case is a cautionary tale in failed adulting, enabled financial irresponsibility, and persistent lifestyle inflation despite mounting debt and supportive (enabling) family.
• Caleb’s harsh critiques highlight the importance of decisive, sometimes painful, action (selling prized possessions, cutting fun money, moving past sunk costs) to escape debt spirals.
• The episode is rich in vivid real-life examples of “what not to do”—from co-signing on property outside of marriage, to using windfalls to buy tattoos rather than reduce debt, and repeatedly rationalizing poor financial decision-making.

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7. Suggested Next Steps (For Listeners in Similar Situations):

• Be honest with yourself about your debt and track all spending
• Stop using emotional attachments, status symbols, or "plans" as excuses
• Sell assets that can meaningfully reduce your debt
• Cut non-essential spending aggressively until you have a clean slate
• Use parental support for debt payoff, not as cover for irresponsible behaviors
• Seek counseling or accountability for repeated financial self-sabotage

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Episode Hammer Financial Audit Score:

• Spending & Budget: 0/10
• Debt (not in collections, but huge): 1/10
• Emergency Fund: 2/10
• Retirement Savings: 3/10 (lagging for age)
• Real Estate: 2/10 (technically “owns,” but behind on mortgage)
• OVERALL: Rounded to 2/10.

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“Come back on the follow-up channel and prove that you can do it. ... You spent so much money on bullshit. ... Good luck.” —Caleb [93:05]

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End of Summary

Transcript

[A]

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[B]

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[A]

Run your [e-mail] Running to Watch episodes of Financial Audit a week earlier. Check us out on YouTube. You live at home as a 30 year old. I don't give a about your Mustang.

[B]

That's a pretty nice Mustang. I'm not gonna lie.

[A]

I told you, you're a bag.

[B]

The AMEX card. I only got that because it's an AMEX card. It's an AMEX Goals.

[A]

What. What the does that even mean?

[B]

Like a cool status symbol and all that kind of stuff?

[A]

What are you talking about?

[B]

Credit Karma. You know, I was. I saw it as you saw it on Credit Karma.

[A]

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[B]

Hi, My name is Trey, 30, from Tampa, Florida, and this is Financial Audit.

[A]

Welcome over from Florida, sir. So what are you doing in Florida for a living?

[B]

So I work in marketing for a telecommunication company.

[A]

Okay.

[B]

And I've been doing that for a couple years now. Good.

[A]

What are you making?

[B]

So it's about 87, 5 is what I make pre taxed.

[A]

That's great.

[B]

Yeah.

[A]

What is going wrong? Because that is great. What hits your account on a monthly basis.

[B]

So it's about five grand a month.

[A]

Okay, cool. Well, yeah. Okay. I mean, are you getting some heavy. Some heavy hits? You know, I mean, 5,000amonth?

[B]

Yeah. So that's going to be after any sort of deduction.

[A]

No, actually, that makes sense. Yeah, no, that does make sense. So how you living on 5000 and all? Tampa Bay? It's not uberly cheap, but it's also not like the hyper most expensive parts of Florida.

[B]

So it's pretty expensive, actually.

[A]

Pretty expensive though?

[B]

Yeah. I mean, you know, comparative to like other places like Orlando or Miami. I mean, it's up there, man.

[A]

Really? Compared to Miami? Yeah, Orlando, I would definitely say. Yeah.

[B]

I mean, recently they were saying that it's like $90,000 for a single family home, you know, for the income.

[A]

So good news, you're at 85. So what is actually the problem? What. What the is going on?

[B]

So, you know, as we take a little deep dive and what's going on, I'm sure you'll see it, but I do have kind of a housing situation going on right now that I.

[A]

What?

[B]

So it's kind of a house that's on the verge of foreclosure.

[A]

How are you on the verge of foreclosure? So I wouldn't be laughing, but I appreciate it.

[B]

I don't want to laugh about the situation. It's kind of unfortunate. It's with an ex and all that kind of stuff. And you know, the, the mortgage went unpaid for a couple months because she was limited in it by itself.

[A]

Yeah, I was picking up he vibes, but that's okay. Keep going.

[B]

You know, it's just, you know, I'm confident about my manly self, so, you know, got a skin routine. So.

[A]

Yeah, that was not why.

[B]

Yeah, no, so, yeah, I mean, I love being in the area, but you know, I didn't like the relationship so I had to move out.

[A]

And she was a woman.

[B]

Yeah.

[A]

Okay. So you guys got it together? She on the mortgage?

[B]

Yeah. So basically what happened?

[A]

She is on the mortgage. Then why. Why wouldn't she want to not her credit and pay parts of it, you know, actually, yeah, just tell me what's going on.

[B]

Yeah, I'll tell you what's going on. So we bought the house.

[A]

Hit me with one of these. Yeah, I. I'm telling you, man.

[B]

So I bought the house in August of 2023 with her after we had, you know, a minor breakup. We got back together and I was like, hey, you know, let's. Let's buy a house, build some equity.

[A]

Minor breakup.

[B]

Yeah.

[A]

How long?

[B]

Probably a couple months.

[A]

Just wanted to bottom a little bit. Yep.

[B]

Yeah, just, you know, like two months, whatever. So when we got Back together. I was like, all right, you know, we need to start building some equity eventually and you know, the housing market is not going to get any better, so might as well buy a house. We'll build smack. Yeah.

[A]

So I'm sorry, I don't know if you said about though. How long were you guys together at that point?

[B]

It was a little over like two and a half years. Okay, three years.

[A]

Why not marriage then before getting a house?

[B]

I was a little skeptical about marriage.

[A]

But I want then, yeah, let's get on a mortgage together.

[B]

I know, yeah, so. So it was just kind of in the moment. I was like, hey man, you know, let's even calls her a man.

[A]

He's really dreaming about it.

[B]

So when we bought the house, it was up in Hol, Florida, which is actually not the best city or county whatsoever, but you know, we got what we wanted. It was a three bedroom, two bath with two car garage.

[A]

Yeah. But that's not spur of the moment. You still have to look for a house.

[B]

Yeah, yeah.

[A]

You still have to apply for loans, find the best rate. That's not just an immediate thing.

[B]

Yeah. So we, we did some searching for the houses. We spent a couple months researching and you know, we came across this house and had everything that we wanted.

[A]

Why did she want to get into this with you? Did she see marriage?

[B]

I think she did.

[A]

So why'd you her over like that then?

[B]

I didn't think I her over, you know, I had the. Yeah, I mean I bought the house with the intentions of being there, you know, for a long time.

[A]

Okay. But the house, not the relationship.

[B]

Yeah. So we lived in the house for a couple months and then we ended up breaking up. So it just a couple months and.

[A]

To be clear, both of you on the mortgage?

[B]

So. Yes, we were both on the mortgage because I had a cosign. Yes, well, I'm still on the mortgage. Yes. And so she's still on the mortgage. Yeah, she's still on the mortgage.

[A]

When did you guys break up?

[B]

It was April of 24 if I'm not mistaken.

[A]

Okay, so over a year ago. Yeah, decently over like a year and a quarter ago.

[B]

Yeah. And the issue that we had with it was I wasn't on the deed, she was. So I had no ownership of the property, but I was tied to it through the mortgage.

[A]

Interesting.

[B]

So we had this verbal agreement that she would live at the house, continue to pay the mortgage. And that's how it was for, you know, up until early 2025.

[A]

So who moved out?

[B]

I did What.

[A]

What's your living situation? So are you paying double rent?

[B]

No. So actually, my parents are very.

[A]

You moved in with your parents at 30?

[B]

I did, yeah. Yeah, I love saying that.

[A]

Hey, Ma, can we get some meatloaf?

[B]

No.

[A]

So, yeah.

[B]

So they have been very fortunate and letting me live at home and that's been able to let me build some cash to.

[A]

Wait, why is the house not sold? Did you guys want to sell the house?

[B]

Have you seen the market recently?

[A]

It's not great, but if you're about to get. What would you rather do? Sell a house or get foreclosed?

[B]

Oh, I would love to sell a house.

[A]

Why haven't you guys sold the house?

[B]

It's on the market right now.

[A]

That's on the market right now?

[B]

Yeah.

[A]

Price cut, $10,000. I just pulled it up. Yeah. Small house under 1500 square feet. That makes it definitely harder to sell. For sure.

[B]

Yeah. And the whole neighborhood is for sale. Whole neighborhood. And it's.

[A]

Is that in a literal.

[B]

Not in a literal sense, but there's multiple homes, like, listed for that. In that.

[A]

No, I mean, Texas and Florida have a supply surplus for sure. So falling housing. We just hit, literally this morning, record high housing prices in the United States with Florida and Texas are falling because we're allowing builders to build in those places. Yeah, I mean, looks honestly kind of like a not great place.

[B]

And I guess I get weekly updates from the realtor, and they always tell me, hey, you know, there's X amount of views. Over the past week, there's been this many saves.

[A]

So what's this foreclosure risk?

[B]

So.

[A]

Oh, my gosh. Okay, so what did you buy it for?

[B]

So we bought it at 350. And that is.

[A]

You bought it for 350. Which, by the way, it was listed.

[B]

For at that point, 35 when we bought it. And then we had a down payment.

[A]

And then you guys listed it for sale. 385. Dropped it to 375. Now 365. That is showing to a buyer that you are willing to drop it to about 335.

[B]

Yeah. And I hope that doesn't get to that point, because at that point, we would rather do a deed in lieu that.

[A]

Why did you guys. Why'd you guys break up?

[B]

So the reason why we broke up, we just weren't seeing eye to eye. We had different paths right after you.

[A]

Guys moved in together and got on a mortgage together.

[B]

You know, it's kind one of those things to, you know, maybe this is the spark that we needed. To get into a house and continue the relationship.

[A]

And you told Lindsay you guys got into a scuffle.

[B]

We did, yeah, we did get into a scuffle. And you and a woman. Yes. Me and a woman into a scuffle. Yes. And beater. No, not a physical scuffle. I would never beat a woman.

[A]

Oh, what. What the else is the scuffle?

[B]

A verbal argument? What do you mean?

[A]

I don't think that's what a scuffle is.

[B]

We had a verbal argument and.

[A]

Okay. About what? Because this is. That was such a big decision to make. When you guys are on a house.

[B]

Together, when you deal with a person who is so ignorant of the situation and they're just not seeing. Yes, yes.

[A]

Okay.

[B]

And they just don't see eye to eye. And no matter how much you talk to them, it always leads to an argument.

[A]

You know, were we discussing.

[B]

So it. It could literally be anything. And, you know, it was just being with this person was so annoying. And it was just. I could not be with her.

[A]

The person he was with for two and a half years before getting on a mortgage with her and then broke up after two months of closing the house. The you talking about at the time.

[B]

I was like, when did you decide.

[A]

You were breaking up with her? Was it before the mortgage or after the mortgage?

[B]

It was after the mortgage.

[A]

Really? How quickly did you break up after deciding you were going to break up?

[B]

It was in 2024 when I decided.

[A]

And she lives there now?

[B]

No. So I didn't get to that part. So 2024 happens. She gets a tax bill for $5,000. Because. Escrow tax.

[A]

Okay.

[B]

Yeah, because. Yeah. So they hadn't been collecting enough for escrow. So there was a tax bill of $5,000. And she had no idea about this? She was not educated on it.

[A]

So, yeah, I mean, it probably jumped up because the new purchase. I'm sure they were homesteading before.

[B]

Yeah. And so she never filed for homestead. And.

[A]

Well, in 2024, did you. Wait, how long was the house owned at that point?

[B]

So we bought in August. So what is that?

[A]

Would there have been homesteading at that point? I'm just talking. It probably jumped up from the previous owner. The assessment. From the previous owner. And they falsely assessed it from the mortgage standpoint.

[B]

Yeah, they very well could have been. I had no idea.

[A]

Okay, keep going.

[B]

Yeah. So we ended up breaking up, and she got the tax bill and she reached out to me and she's like, what is this? Why is the mortgage payment going up? A couple. A couple Hundred bucks a month. What is the mortgage payment after the tax bill? 3, 400 now. 3, 400amonth.

[A]

Whoa. The is your, your rate? Yeah. The property tax must be substantial. That is. Yeah. That's not great. Okay.

[B]

No, it wasn't good. And prior to the tax bill it was about 20.

[A]

Couldn't afford that on your own for sure. Okay.

[B]

No, so it was about $2800 prior to that. So I was giving in about $1600 for my half including expenses.

[A]

And I'm gonna call her in the post show.

[B]

Good luck.

[A]

There is no way around it. Yeah, but I want to hear her perspective because it essentially called her. She was like, oh, she's a ignorant. And I had to break up with.

[B]

Her because she is, you know, she is kind of a to deal with and you know, we're still dealing with the price cuts of the house. And I told her, I was like listen, this house is going to end up short selling or it's going to go deed in. Lou.

[A]

And what's her philosophy of the current cell?

[B]

She doesn't care, honestly. And this is what I was going to cover. So in February of this year she just completely stopped paying the mortgage because I told her like listen. Yeah, it was January. I told her like, listen, this is a good opportunity for us to look at selling the house. We obviously are not going to keep this. We can go on our separate ways.

[A]

And there's Yalls relationship right now.

[B]

We hate each other almost.

[A]

Why? What is with these toxic breakups I'll never get? I've never had a toxic breakup. Yeah, is wrong with you?

[B]

But I'll be honest, Caleb. I'm glad that that relationship happened because of the current relationship that I'm in is probably the best one I've ever been in. Not even probably. It is the best relationship I've been in.

[A]

Okay. He's finally taking it up the ass and he's super proud of it. Okay, we all get it.

[B]

No, so after I told her that like listen, we got to sell this house and she had this recommendation that her friends could move in and they would pay rent and that I just needed to help putting together a lease agreement for renter and I told her absolutely not because then we're liable for all the stuff that happens if something breaks. I'm like, no, you can't afford this. You can barely afford an apartment on your own. So why do you think that being a landlord would be a better decision?

[A]

Yeah, I mean it's hard. I can understand the desire to temporarily do it until the market recovers in the area. So it's not, it's not like the ultimate worst take, but it definitely. I mean, co ownership on a mortgage together, co landlording, broken up, combative relationship, then having to actively manage it yourself. Unless you get a property manager, which would take about 10 to 15%.

[B]

Right.

[A]

But even still, it might not have been the worst option.

[B]

Well, I mean, and that could be an option, but after I had mentioned that to her, I was like, listen, this is not going to work whatsoever. Like, we need to sell the house. I was not in a position to say anything because I wasn't on the deed of the house, so I couldn't list it for sale. After that communication, she completely stopped talking to me whatsoever. And then. That's why. I don't know.

[A]

Oh, come on. Why? Why connect some dots?

[B]

No, I really have no idea. After I had mentioned that, it was about a couple of weeks later, I was at an event and I got a notification that my credit score had gotten a huge impact and it was because she had missed the payments.

[A]

So you pay her and then she makes the full.

[B]

Yeah, so I would pay her my half. It was the six retribution, whatever you want to call it.

[A]

Well, I don't. I don't know, but I'm also only getting your perspective. And no offense, but I don't trust most people on the show.

[B]

Her name was on the utilities. Her name was, you know, on the deed and the mortgage. So I would just send her my half and then she'd make the payment.

[A]

And I understand you're making it all about her, but listen, you're in horrible debt, so this. Obviously you are not good with money. So, like, I'm. I'm just hyper skeptical of what you're saying. Yeah, okay. Maybe she accidentally missed the mortgage.

[B]

Well, no, she didn't accidentally miss the mortgage. She wasn't paying it on purpose. I think we're at three months currently. Yes, currently it's still unpaid to this point.

[A]

Have you contacted the bank?

[B]

I've contacted a mortgage company multiple times. I have explained the situation multiple times. She had finally reached out to me about three months after the mortgage not being paid, saying that the house is now vacant. The keys are on the table. I don't give a what you do with this house. And the very next day, my parents and I, we went up to the house, we secured the keys, we locked the house down, and I said, all right, I need you to be in communication with me because we need to transfer the deed from your Name to my name, to which she was cooperative in that capacity. So she signed everything over after a long battle of, you know.

[A]

Well, good. Okay, so now the home's listed and it's going down to value, and you're obviously going to be on at least under your purchase price. So how much did you guys put down?

[B]

Nothing.

[A]

Okay, so you're gonna have to. Where are you coming up with the extra money to pay off the debt when the house is sold?

[B]

That's kind of where we're at right now, you know, as of last week. When I contacted the realtor, they brought it up to me. They're like, hey, you might have to come, you know, with some money to closing, you know, if we end up short selling this property. I was like, you're gonna have to.

[A]

Come with a lot of money. And you're already horrendous dead, dude. You're already horrendous that how much bad debt you think you have? How much bad debt you think you have? That's outside of the mortgage, big guy.

[B]

Honestly, I think it's about 40, 000 all together, if I'm not mistaken.

[A]

54, 000. I don't even know how are you coming up an extra 20, 30, $40,000 to finish this thing out?

[B]

No.

[A]

What the talking about you don't know.

[B]

6% for realtors and then. But you're gonna sell and you got.

[A]

The close you're gon price and you don't even how far this is going to fall before you actually get a buyer. Right now it's a buyer's market more.

[B]

Than it is, and I agree with you on that.

[A]

So what the are you talking about?

[B]

You don't know how much, Lou, instead.

[A]

Okay, what are you going to do? What are you going to. 100%?

[B]

If I have to do that, then yes, I would. And that's. That's kind of what I. That's where I'm at right now. And that's where I think about, why.

[A]

Are you against a potential rent give up 10, 15%, let a rental property manager take.

[B]

So let's say if, for example, that you get somebody to move into this house, they're not going to pay thirty four hundred dollars for a rental.

[A]

Like, no, you're going to still have to probably pay at least half, but then you might be able to eventually sell this at some point of profit. Market recovery. If rates go down, buddy, I bet that market's taken off.

[B]

I agree. Yeah, no, 100%. And the problem is, is let's Say I do get a renter in there and the house sells within three months. What happens then? That person has to move out. The house is staged ready and we are constantly having open houses to get.

[A]

People to come in matter. But you've already Dr. By what, 20, 30. It's probably going to be another 20, 30 from there. I just. Okay.

[B]

Yeah, I. It's not. It's definitely been one of the worst financial mistakes that I've made and I. Yeah.

[A]

You broke up with her immediately. No, but again, I feel that's the. I understand. Okay. Maybe she is a bit of a bum and she this situation. Okay. For the past few months, but that still doesn't excuse you. $55,000 of bad debt. Why the are you in so much bad debt?

[B]

A lot of it came from my 20s, if I'm being honest. And there is.

[A]

Okay, then why is it not gone? Because already happened.

[B]

I was definitely spending way more than.

[A]

Yeah, in your 20s. Okay. You're 30 now, so why is it not gone?

[B]

I'm working on it.

[A]

Yeah, I don't think so. I bet you're continuing that.

[B]

Yeah, I just don't know what to do with it.

[A]

You don't know what to do with your debt?

[B]

No, I just don't know how to pay it off or the right. Right way to do it.

[A]

It's putting money towards it and cutting back on what's the complication.

[B]

So I'm just trying to figure out the right way to do it. You know, I've heard these different methods like the snowball method and the avalanche method, but you know, it's like, honestly, I'm not sure where to start with it.

[A]

Well, they told me you're trying to invest all your money instead of paying off your debt instead. Yeah, that's what they're typing to me right now. So that's actually a lie. It's not your lack of understanding on debt payoff strategy. You're just throwing all your money towards investments.

[B]

Yeah.

[A]

Which doesn't make sense. What the are you getting that's going to be more than a 30% interest rate?

[B]

Well, I'm trying to, you know, work towards retirement because I mean, if you're getting your 8% from your S and P and you're maxing out your. Your roth, is it 10 now or is it. Is it 8?

[A]

Because I've kind of heard both overall market day.

[B]

So we'll do an average of 9, 9% and all that kind of stuff. So if we are investing that, it compounds over time.

[A]

It sure Does. And so does that 30% on your credit card.

[B]

Yeah, but obviously I plan on paying off my credit cards before I'm 60.

[A]

Obviously. Yeah, but yet you have not. You're not. What's bigger, 30 or 10? I'm so confused. What's going to compound more?

[B]

Obviously.

[A]

Okay, that is going to compound more.

[B]

That's true. That's true.

[A]

Okay, so what the are you doing? Why would you not be paying off a higher interest rate debt than a higher interest you're getting on the returns for your investments?

[B]

Because I have to work towards retirement.

[A]

I agree. So pay off your high interest that, get a fully funded emergency fund.

[B]

And then if I pay my cards off, then I have nothing. But if I, if I'm putting towards my retirement, at least it's investing in the stock market.

[A]

Yes, it is. But you're still losing more money net. Why?

[B]

I plan on paying off my cards before then. No, no, no, no, no.

[A]

This is the money over time, buddy. You're not making up the difference. You're not making up the difference. If you pay off your credit cards now, Instead of losing 30 for the next 10, 20 years, you can then throw the money in the market and let that grow afterwards. That's paid off.

[B]

Yeah, well, you know, I plan on making more money as I get older. So I mean, I'm gonna be able to pay that off faster. Right?

[A]

Or you'd be able to invest more. I'm confused. Well, if it was a 5% interest credit card, you're right, it's not.

[B]

I don't really know much more about investing except for retirement, like S P and all that kind of stuff.

[A]

What, what's the, the, what's the question? What's the point? I'm confused.

[B]

Yeah, well, what I'm saying is like you're saying invest more, but how do you invest more beyond your 401 or not your 401k, your Roth IRA? Roth IRA.

[A]

Oh, what about your 401k?

[B]

What right now? I actually don't have a 401k.

[A]

Your business, the, the, the business you work for does not offer.

[B]

They do offer it. Yeah, I just.

[A]

Well, I think you just answered your question. What are you stupid? I'm so confused. I mean, you just, you know the answer. That's the answer.

[B]

Yeah, but you know, I'm really trying to look into like, other options. I just don't know what other options. Other options are retirement or.

[A]

What are you talking about? I don't know what you're saying.

[B]

Yeah, well, that's what I'M trying to get to.

[A]

Okay. You said I don't know other than my IRA. Okay, we know there's a 401k okay, you didn't sign up for. So the answer to 401k, what's this other thing you're so let's say like.

[B]

You max out your 401k, you max out your Roth IRA and you're on the right track. What's that? What's after that?

[A]

Well, you can also just open up an individual brokerage if you want. You're not going to necessarily get certain tax advantage things there, but even so, you can grow. But if you're maxing out your 401 in your IRA at your income level, you're putting enough towards retirement, you don't need to put extra. Let's talk about student loans. I know it's something we all want to avoid talking about, but if your private student loans are crushing you, why Refi might be exactly what you need. They don't rely on your credit score alone. They look for borrowers who have the desire and ability to repay. That's a game changer in a market where most lenders only see a number interest rates under 6% guaranteed. That's practically a unicorn in student lending. Plus they offer structured payment plans to lower your monthly bill and even a cosigner release program so your mom or dad can step off the hook. Why Refi is known for personal service. No faceless call centers. You get a dedicated rep actually cares about your progress. They've got a 4.6 star rating on Google which tells you people genuinely like working with them. So if your private loans are burying you, it's time to reach out. Why Refi wants to help you climb out of debt to not push you further in it. Check them out at y refi.com hammer that is y r e f y.com/ammer or call 888. Why refi-78? That is triple eight y refi-78 break free from the high interest trap and get your finances under control once and for all.

[B]

Well, I mean, what else is there to work towards at that point?

[A]

Fun. You get to have fun. But that's not where you are. You have $55,000 of bad debt. So what the are you talking about? That shouldn't be the concern. Regardless, this is bad debt that is accruing interest and you're going to have to fork up 10, 20, $30,000 in order to pay off a potential mortgage. If you don't get Everything done the exact way you want.

[B]

Well, believe me, it's going to be half that because I'm going to hold her liable to it because she is still attached to that mortgage and she's not attached to that.

[A]

Yeah, potentially. But the legal fees could come up with that extra cost anyway.

[B]

Do you think that would be more than what the.

[A]

I don't know. It depends what you sell it for. Depends what you sell for. But corn ain't cheap. Corn ain't cheap.

[B]

It's not. That's not.

[A]

Okay.

[B]

It's not cheap.

[A]

But, I mean, yes, I agree she should pay her part, but I don't know, man. I don't know what you're gonna sell for. I don't even know when you're gonna sell it. I don't even know if you're gonna accept a low price with how low the market might demand at that time.

[B]

Honestly, I'm trying. I am trying to sell this house.

[A]

I mean, there's not much more you can do than just adjust it to the market price. But.

[B]

And that's what we're doing. And it is.

[A]

But you don't know what that is yet.

[B]

So right now, we are the most expensive per square foot in the neighborhood.

[A]

Wonderful. Sounds like.

[B]

I'm not saying it's a good thing.

[A]

Then why are you doing it?

[B]

Because we're adjusting the price to be more competitive. And that's why that when you see.

[A]

The drop in prices even twice in one month, they're going to lowball the out of you. You're not going to get any reasonable offers.

[B]

Well, I did tell them not to lower it until the next month, so that way it doesn't matter.

[A]

Buddy, this is how the buyer works, man. You got to go through our real estate program. This. I mean, that's ridiculous. You're starting way too high over market. Those are the people that have to sell lower.

[B]

I didn't even offer that price or recommend that price.

[A]

Did your realtor?

[B]

Yeah.

[A]

You had a bad realtor?

[B]

Yeah, apparently she's the number one realtor in Florida, and she recommended price. I was like, okay, well, you're the expert in this, so might as well. And since then, we've already cut it twice.

[A]

Yeah, I don't know. And we've had number one. According to what?

[B]

Like, we've had two scheduled showings.

[A]

You're overpriced. Yeah, I'm tit. Of course. This is not. I mean, she is not the realtor to have. Listen, buddy, this might have to go off the market for, like, 6 months, 12 months, and put it back on at a reasonable price in order for.

[B]

It to adjust when it would go into foreclosure.

[A]

It actually would, yes. You yourself Double.

[B]

Yeah. So that's what I'm trying to figure out. And that's why the short sale is the current option. And that's why.

[A]

Listen, but you're living at home now. I know you have debt minimum payments, of course, but even still, the mortgage, you actually, even though it's a horrible chunk of your net because you live at home with the parents, you would be able to technically afford it if you needed to.

[B]

It's 3, $400 if I'm using 5,000.

[A]

That's exactly. It's. It's insane.

[B]

It is, It's.

[A]

But you have no overhead because you live at home. Other than that, it's just the other debt minimum payments, which I don't know what they stack up to yet.

[B]

It's. I mean, it would just be. I think it would covered the entire month of my income.

[A]

There you go. So that's that. But you have no overhead. You don't need to have fun.

[B]

I know I don't have overhead.

[A]

Okay.

[B]

And you don't need to have expenses like gas, food.

[A]

Well, that. That's overhead.

[B]

Oh, okay.

[A]

So would you not be able to afford that in your minimum month is.

[B]

No.

[A]

At the end? I don't know, man.

[B]

I guess.

[A]

But even still, if you rented it out for half, you could cover half. You were covering half, you know, and I'm not saying that's what we want to do, but I just think you're going to get on this housing situation.

[B]

You know, and it's going to come down to what we could get if it was renting at that point and if it's even worth doing. You know, if, if we sell the house in a couple months, then, you.

[A]

Know, that kind of months after dropping another 20k with zero equity in the house already.

[B]

Yeah, it's a. It's a situation.

[A]

If you have a situation, go to caleb hammer.com apply and come on the show. What do you think Your score is? 0 to 10. 0 being the worst finances, 10 being the best finance, a 2. Okay. If you want your financial score, financial assessment, take that [e-mail] or click the link below. Also, if you don't want to be like a guest who shows up on the show, download the dollar Wise budgeting app. We made it specifically for you. Specifically for me. Sign up for the free trial and then take the annual. If you want to save a lot of money and get our budget friendly cookbook signed by me mailed directly to you. And if you want to bundle all of our education with the premium version, you can also sign up for our premium program, Dollar Wise Central, which includes all of that bundled for 80% off Dollarwise.com click the link below. Okay, so you're living with parents for a year or two at this point. You want to go into an MBA program. You haven't even finished your marketing degree. Things.

[B]

That's my second degree. Yeah, it's my second degree.

[A]

Are you getting a second degree? What are you doing? You already make good money. What are you trying to do?

[B]

So the first degree was in management, and that was paid for through a scholarship, but the second degree is marketing because my GPA was after. After I graduated. Well, if you go into the master's.

[A]

Program, to get into your master.

[B]

Yeah.

[A]

You got to have jobs.

[B]

Yeah. I was looking at like entry level for the MBA and it's a 3.0 GPA. You had to have all these scores. And through the marketing program also, I.

[A]

Heard you're a douchebag.

[B]

Yeah, I could. I could definitely.

[A]

You have this souped up car that is costing a stupid amount of money and you just refuse to get rid of it. Why? If you can't afford to live. I don't give a. About your dream. I care about you living.

[B]

I don't get a dream car that I've always wanted.

[A]

I don't give a. I care about you living.

[B]

I always hated. But you know, people with Mustangs and that's what it is.

[A]

Well, it's a Mustang. It's not that exciting as far as dream cars go. I'll be completely honest.

[B]

Oh, believe me, I would love to get into a different vehicle.

[A]

Good. It's not your dream car, so let's get rid of it.

[B]

Sell them Mustang.

[A]

Why the not.

[B]

Because like I said, it's a dream car. I'm not going to sell the car.

[A]

Who gives a. If you can't afford to live and you're about to get foreclosed on, get rid of the car.

[B]

But it's paid off.

[A]

Yeah, but you're pumping an endless amount of money into it.

[B]

I'm not.

[A]

Come on, buddy. You got a $1,200 injector purchase. You're endlessly getting parts to modify it.

[B]

So I will speak on that.

[A]

You wouldn't even send us the vin. You're the first one ever to never send us the vin. Why the wouldn't you send us The VIN so we can get the val.

[B]

Because I was so determined that I'm not going to sell this car.

[A]

And what's the coming on a show where someone tells you what you should.

[B]

Probably do because with the injector I'm gonna just speak really quick on the injectors. I have returned those but I swapped them out for other parts for maintenance and all that kind of stuff.

[A]

What's the car worth? You?

[B]

I would say about 23, 24.

[A]

Good. Sell it. Get a ten thousand dollar car. Take care of your debt the rest of it. I mean it, Ray. That would paint off a fifth of your day.

[B]

That wouldn't even put a dent.

[A]

It accelerates a dent, you dumb tit. That accelerates that progress really quick. That gets rid of minimum payments that we snowball to it. You live at home as a 30 year old. I don't give a about your Mustang.

[B]

That's a pretty nice Mustang, I'm not gonna lie.

[A]

Yeah, you live at home with your parents at 30. You're a little boy.

[B]

Yeah, no, I. I definitely am not.

[A]

Proud of Hot Wheels over having any sort of independence.

[B]

You know with all the parts car you know I would thought that I would get valued a lot higher than 2324.

[A]

Yeah, well it's probably not because no.

[B]

One gives a. Yeah, no, I. I completely agree but it's like why sell it? You know I need a motor so that you can start pay off that I have my.

[A]

You need a motor transportation. You'd get a thousand hour car that's.

[B]

Paying towards my debt.

[A]

You're not buddy. How much came in last month?

[B]

5,000.

[A]

How much was spent last month? I'd have to say 4,000, 8,636. So you have no idea. That is math. That is what was added.

[B]

I'd love to go into how.

[A]

Certainly will. What do you think happens on this show? So you're spending way more than you.

[B]

Make.

[A]

Paying off debt. What the you talking about? You're not paying off debt. You're not a debt pay offer.

[B]

Yeah. If you go through my record payment.

[A]

To this first debt we're talking about it takes 26 years to pay off. Shut the up.

[B]

And you know if this is the card that I'm thinking about. Is this the reflect card?

[A]

Yes.

[B]

Yeah. Okay. So this card was a debt transfer, you know.

[A]

Right. So instead of paying off debt and that's what you consider paying off debt all we do is just move debts.

[B]

I didn't say that was me paying off debt with that.

[A]

You said you're paying off debt.

[B]

I am paying off debt but nope. Something that I did about two years ago.

[A]

Wonderful. Zero percent interest period just ended.

[B]

It did. Yeah. I have been paying off debt.

[A]

Spending more than we make off.

[B]

The number one YouTube membership just got upgraded and for this final week you can Join for free 3 exclusive shows every day Monday through Friday Financial audit post shows exclusive and uncensored financial audit episodes. Our call in show Hammer it out.

[A]

Well then take the train.

[B]

And brand new shows fat and fatter.

[A]

There is that one is I would.

[B]

Go off brand behind the audit.

[A]

What?

[B]

This was wild shop smart and now upgrading from one live stream a week to two. No other channel offers what Hammer Elite provides. Join with the link in the pinned comment or description below. Submit proof of [e-mail] and we'll reimburse you for the first month with a $10 digital gift card that can be spent anywhere in most countries. Sorry North Korea, this one isn't for you.

[A]

Yeah, this is how we have to do a free trial on here because the platform doesn't currently offer free trials.

[B]

It's ok. Okay. It's worth it.

[A]

Yeah, it is.

[B]

This is the final week to join Hammer Elite, the best membership on YouTube for free.

[A]

What are you talking about dude? What are you talking about? Miscellaneous bull alone was $2,000. Going out to you was $700. That's crazy. Shut the up. That is your math. That is your normal. I'm living with mommy and daddy. Are they charging you rent?

[B]

No, they're not.

[A]

30 year old baby preferring jerking off to his Mustang than having any sort of independence.

[B]

They would rather me get into a position where I can by living.

[A]

You are in a position to pay off debt. And you're not.

[B]

I am.

[A]

You are literally not. Shut the up.

[B]

No.

[A]

You put a minimum monthly payment to it. That's that you're jerking off to a Mustang. That that's all that's happened.

[B]

Well, I'm doing more than just paying off the minimum. Not on that card. That is the minimum payment. But you know I'm paying it foreclosed on.

[A]

I don't want to hear it.

[B]

It's not a good position.

[A]

No, it is not yet. It is the position that you are allowing and choosing. I just went over $2,000 of miscellaneous suspending 700 going out to eat. Shut up. That within itself is 2,700 of bullshit spending. You bring in 500. 5,000. That is over half of your spending. What the are you talking about? You don't know what you're talking about?

[B]

I would love to budget.

[A]

Clearly not because you didn't know how.

[B]

Much, but I know it's very loosely.

[A]

Then why? What's the point? What's the point of budgeting without budgeting?

[B]

I mean, I've heard about this whole, like, 50, 30, 20, you know, like, with the needs, wants, and saving and all that kind of stuff. But that's like, really the, the gist of it. I've tried it before.

[A]

You're in bad debt. You wouldn't be 50, 30, 20. You'd be paying off debt like crazy. Getting a fully funded emergency fund.

[B]

And then like, I've listened to like, the whole David Ramsey stuff and like, I have the app on my phone kill you, but, like, it doesn't let me track all the cards that I have.

[A]

Okay, then use ours. It probably does.

[B]

Well, what is it? I'll download it.

[A]

So you use. The app doesn't connect to your cards. You can submit manual purchases if you need to. If you want to use this budgeting app, that's fine. What's wrong with it?

[B]

It does the, the transactions and all that, but it doesn't allow you to add the card to where you can automatically do your, your purchases through that.

[A]

So it just purchased through his budgeting app?

[B]

No, what I'm saying is it wouldn't let me link my account. And it's for the Apple card is what I'm talking about.

[A]

Apple card doesn't allow account connections.

[B]

Yeah, so that was the issue.

[A]

That's not budgeting that.

[B]

Yeah, so it was the Apple card that was giving me that issue.

[A]

So I just submit your statements and it still works?

[B]

Well, I just stopped using it at that point.

[A]

So you've given up because the Apple card does.

[B]

I wasn't giving up necessarily. I figured that I could figure my spending.

[A]

You didn't know how much you spent last month.

[B]

Yeah, and I didn't know that. I thought I was spending under what I was making.

[A]

Objectively not. Buddy, I don't know. This is just a transfer. You're not paying off debt, you're transferring debt. So Wells Fargo Reflect Visa card. Let's call it the Reflect card. Okay, well, on this card alone, you owe $12,333.94 with a minimum monthly payment of $124 now. And that's all, of course, you made last month, even though interest is starting to accrue right now.

[B]

That's before the interest. I think I looked at it recently.

[A]

Yeah.

[B]

Now the interest is charging 300 something.

[A]

Yeah, it's going crazy. Which means your minimum. What is that, like 350?

[B]

Just about. Yeah. It's like 325.

[A]

325. That's your new minimum. Great. Even worse, I don't know how you'd survive that with your mortgage payment. 325 Getting in a house.

[B]

You see the situation that I'm in though, with the mortgage, it's like if I pay it. Yeah. And I don't have any money to pay towards my minimum debts.

[A]

I know that now. But listen, buddy, we just saw what you spent on miscellaneous going out to eat. Like. Shut up. That's objectively what you were doing.

[B]

Yeah. And that's why around. There's no way that I spent that much. I would love to go through the. The transactions.

[A]

What do you think this show is and what happens from here? That's.

[B]

Let's get to it. Let's get to it. That's not the card.

[A]

I'm going through the document order that is placed in front of me. You know, you think you're the producer of the show. I don't know what you think is going on here.

[B]

No, but Lindsey is the best.

[A]

Now, I know you're a big travel person as well, and you're endlessly just going to EDM concerts, doing vip. You'll only go VIP because you need the exclusivity so we transfer debt so we can go to VIP bullsh shows.

[B]

Listen, have you been to an EDM concert?

[A]

Why would I?

[B]

It's amazing. Are you kidding me? It's the best. Have you ever listened to any EDM music?

[A]

Yes, I'm doing it right now.

[B]

That's pretty good, actually. You might be the next top hit.

[A]

Okay. I don't know what I get out of that. I do go to music. Austin City Lemons Music Festival. Because there's a wider diversity of music than just.

[B]

I don't think I've ever listened to that music or like what that festival is.

[A]

Okay, that's fine. I don't care. But why the are you living at home, jacking off to a car, spending bull endlessly going VIP experiences at festivals all over the country. Who do you think you are?

[B]

Well, I love the experience. I love traveling, go to these concerts.

[A]

Mama's boy being unable to just go around and destroy his life. Poor new girlfriend being dragged down. Girlfriend.

[B]

She is a sweetheart. I love her to death.

[A]

Who the are you to go VIP to all these experiences around the country?

[B]

Said that I do all VIPs for this. I just buy A ticket for what?

[A]

You told the person you love. Lindsay.

[B]

Yeah, I mean, like she does these upgrades for these tickets every once.

[A]

These upgrades for these.

[B]

My girlfriend does.

[A]

That you pay for.

[B]

Sometimes she pays for it, sometimes I do. But you live at home.

[A]

You live at home and you said my parents support my ability to stay home as long as I pay off my debt. You're going VIP to concerts. What are you talking about?

[B]

It's not that often that I go.

[A]

How often then?

[B]

Maybe like three, four times a year.

[A]

That's insane. Once a quarter is crazy if you're living at home at 30.

[B]

You want to know insane? I went seven times.

[A]

I don't give a. Shut the up. Your girlfriend, does she live at home?

[B]

No, she has her own place.

[A]

Oh, great. So she's the leader of the relationship. She's a mature one. She's the one that's actually getting done.

[B]

She. Yeah, she does get her done. She's.

[A]

How old is she?

[B]

She's 35.

[A]

Great. Okay.

[B]

Yeah, she's really good at what she does for her job.

[A]

And why is she actually with a literal child like yourself?

[B]

I don't know. I can. I don't know if I was funny or if I was just like super attractive. We met on Hinge and she sent me the rose. So, I mean, she. She saw something to me. But you know, it's like you go to on your first date and you just know it's the right person and we just kind of.

[A]

I don't care about your love story. That's fine.

[B]

That's wonderful.

[A]

No, I'm asking about where. How she lives. I don't give a. About your love story, dude. Okay, great. So I don't know why she's staying with you. Good luck on this marriage situation if you guys ever get there. The fact is interest has just started hitting on this now. What did you communicate in your financial situation with her?

[B]

So actually when I got the word that was going to be on the show, I realized that now would be a good time to talk, you know.

[A]

And it always happens. I'm about to get exposed online. Yeah, I better come clean about all this.

[B]

So we. We do realize that we're both kind of in a bad, like, financial spot.

[A]

Both? You just said she was doing great.

[B]

Yeah, she does great. She makes good money. But, you know, she also does have her debts as well.

[A]

Then that's not great.

[B]

Well, you know, it's kind of something. This is our wake up call for this Discover Ralph's Club New York. The new fragrance by Ralph Lauren with black currant, vanilla and sandalwood. This scent embodies the sensuality and confidence of Usher.

[A]

Like the city that never sleeps, this.

[B]

Masculine Fragrance lasts for 12 hours. Ralph's Club New York Ralph Lauren shop now@macy's.com. yeah. After this show, we're gonna.

[A]

Buddy, you told me of bad debt. It was 56. You don't even know your own financial situation. You're trying to tell me you told her?

[B]

Yeah, no, I told her about my debts and all that kind of stuff.

[A]

I said, how many debt you had? How much?

[B]

I. I told her. I was like, listen, it's not gonna be pretty, okay? And you know, we're gonna work on this and we're gonna get through it.

[A]

So you're not going to a VIP EDM concert?

[B]

I actually have a couple plans.

[A]

Exactly. So shut the the up. You're not cutting back on anything. You just want to be douchebag running around.

[B]

I want to have fun. You know, it's like, no.

[A]

So you're just gonna live at home forever Mama's little boy and being in a joke in the existence of humanity?

[B]

No, obviously I don't want to live at my parents.

[A]

You certainly do because you're spending all your money on instead of actually doing anything worth value of paying down your debt.

[B]

I definitely want to do better. And I. I don't think that, that I want, you know, I don't want to be in this position. I want to be able to go.

[A]

To the Bahamas all inclusive.

[B]

It's Cancun, not the Bahamas.

[A]

All inclusive.

[B]

Yeah, it's all inclusive. That was the only option.

[A]

Yeah, that's what we really care about when we're trying to get out of debt.

[B]

I made that purchase back in January and it's $4,000 for the entire trip.

[A]

Real about this entire situation. Your mama's boy, she's taking care of you. She's enabling you. And once you know, you are slightly done with that situation, you have your girlfriend just be your new mom.

[B]

I don't think that's the situation.

[A]

I think that it's reading as clear as day, buddy. You're a child. You live like a child. You just go and live all this experiences and spend all your money on instead of taking care of your real. And then you want mama or new mama to come in and save the day and take care of you, their little boy.

[B]

I think as long as I'm paying off these things, then you know, why not?

[A]

You don't think you're gonna leech off Your girlfriend at all in this relationship.

[B]

I. I don't really don't allow her to.

[A]

Okay, well, you were already on the house with your last girlfriend, but you used her to get a mortgage, so.

[B]

I didn't use her, actually, I think she used me for my credit.

[A]

Are you talking about you only got her to make it?

[B]

I co. Signed for the mortgage.

[A]

Yeah, but you wanted to get in there. It was you pitching it.

[B]

I wanted to get a house, yes.

[A]

Yeah.

[B]

So what did she thought it was a good idea?

[A]

Yes. She agreed to your idea. You used her.

[B]

I don't think I use her.

[A]

To be able to afford the minimum payment. Absolutely. Even though you're ready to break up. How else can you read that situation?

[B]

You know, we got back together and I was like, all right, you know, I think we should get a house. So we got a house. I. I was under the assumption that we were going to be together for a while. Things were going well.

[A]

No, you know it wasn't. Yeah, you just got up after breaking up and then you broke up immediately. What are you talking about? Dude?

[B]

Together. And then, you know, people around you.

[A]

To be the little baby she was towards the end of Mothers everywhere.

[B]

She didn't want to renew her lease there. So I was like, why don't we just start looking at a house then?

[A]

At home was $0 a rent. $0 of rent.

[B]

For about a year. For about a year now.

[A]

And there's nothing wrong with living at home, especially if you're falling back on hard times. But the fact is they're just enabling you to go VIP at EDM concert seven times a year, I. E. Last year, all inclusive in Cancun. I don't give a. This is bull, man. You're just living a bull life and relying on all the mothers around you. Come on. What a joke. Listen, I know it's not perfect for your. Your career with what you got, but I will get you a course career certification to boost that resume. I'll also get you on the fizz card to help you actually manage your money. Debit card that builds credit. And I'll get you on Weeble as well. If you really care about investing. It's a great place to buy stocks. That's where I'm building my portfolio now. Great. Sign up bonuses there. So I you set up with all the resources that the guest got. But listen, this is ridiculous. Again. $12,333.94 minimum monthly payment. 325. You've had a late fee this year. He's had a late fee this year. He's had a late fee this year. VIP experience. You cancun you late fee this year. Living at mom and dad at home off dude, joke.

[B]

Listen I so I have.

[A]

Listen, you're. You're going to defend this?

[B]

Yeah.

[A]

Let's hear it.

[B]

Yeah. So the cards were not on autopay.

[A]

Good. Then pay it on time, you dumb.

[B]

I was paying them on time and then I had one month slip and then after that moment I did set it up on autopay.

[A]

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[B]

I oversaw it, that's all. It was over.

[A]

What?

[B]

I oversaw it. So it was over.

[A]

What?

[B]

I don't know what the the day was over. What oversaw was an oversight. Get yourself ready for a trip through.

[A]

McDonald land.

[B]

There six shaped volcanoes. You'll even find a French fr patch. Now just turn around and see if.

[A]

You won't find a hamburger patch. Order the McDonaldland meal today and get.

[B]

The Mount McDonaldland shake with your very.

[A]

Own character souvenir kit. Oversaw it?

[B]

Yeah.

[A]

Is that how you say that? It's just an oversight.

[B]

Oversaw. I don't know what. However you want to say it. So it was an oversight. I let it slip. Yeah. There you go. Okay, so it was an oversight for one month. And after that point I did put it on autopay.

[A]

But why would it be an oversight? Buddy, because you're living at home being enabled in every way whatsoever. You should not be missing payments.

[B]

I. No, I completely agree with you on that. And be it, okay?

[A]

You're the one that did it, not me.

[B]

Since then I haven't missed a payment on it.

[A]

What's the interest rate now on this? Oh, I believe it's about 30%.

[B]

It's high.

[A]

And you think investing in the market makes more than that? Listen, you'll have your good years, but up yours down years. Combined 10 for the S P 500 overall stock market 8%. Yeah, so.

[B]

So okay, I'm still hard. It was 0% for about 18 months. So I had the idea off by then.

[A]

But great idea. Just like you have the idea of paying off your credit cards before retirement. No, you're just going to keep transferring, transferring, transferring. More debt, more debt, more debt. You'll be in debt until the day you die. Your idea to pay this off did not work. I don't know what the balance was to start, but less than 1233394 is a lot regardless.

[B]

Oh, it's not the first debt trans over, huh? So we're gonna have another one.

[A]

Oh, off. Dude, so why'd that plan fail then? Just. Just like because now you have all these other plans. You were so confident about telling me so many plans with the D transfer and the selling the house. Not that much lower. I'll never have that. By the time I get a retirement, I'm just going to contribute. Retirement forever? Yeah. All your plans. So why this one fail?

[B]

So that one. Like I said, it was a transfer of a lot of debts and we got that part.

[A]

Why.

[B]

So I was paying it off and then there was just major purchases that. That I didn't have my VIP experiences. No, it wasn't. It was off.

[A]

We already saw.

[B]

I had an issue with the car.

[A]

1700 bucks last month. And minimum, minimum, minimum, minimum, minimum. So off.

[B]

I had an issue with the car and it needed to go somewhere and that was the car that I had the most available credit balance. So it went on to.

[A]

That the issue with the car.

[B]

Yeah.

[A]

Good. Sell it.

[B]

Well, obviously now it's working. So I'm not gonna sell it. No. Because I just.

[A]

I just put a 10,000 hour car, put the rest towards debt.

[B]

I just, I. I didn't tell you about the repair. So it was a major transmission issue that was from Ford itself and they weren't going to cover it.

[A]

Good. Sell it.

[B]

Why would I sell it?

[A]

Sell it now.

[B]

It's a. It's my dream car.

[A]

But. Your dream. No offense. No, I'm sorry. This isn't. This isn't. Your dream car is a Mustang?

[B]

Yeah. I grew up. Listen, I. When I was growing up, my dad had. He still has it. It's in 1992.

[A]

I have everyone in the room shaking their head at the fact that your dream car is a Mustang.

[B]

What's your dream car?

[A]

I don't. I guess I have my dream car. Is that Tesla Model X. Plaid?

[B]

Yeah, I love it. No, I love the plaids. Don't get me wrong.

[A]

Yeah, okay, but, but, but that, but that's at least the price of a dream car. I don't think anyone's dream car is 24 to the that again, it's not bad. I'm not on the fact that it's not an expensive car. It's just like you make a lot of money. We could get you to a cool car at some point. Who gives a about this? Pay off the debt, drive a beater for a bit.

[B]

It was the first car that I had bought myself and I wanted to keep it car.

[A]

Who cares?

[B]

It and the car community can back me up on this. A lot of people when they sell their. Their first car.

[A]

AV is shaking his head hardcore no know. Which is suggesting. I bet he's in the car community.

[B]

I'm sure he is.

[A]

He's shaking his head yes and he's shaking his head no with you. So I don't know. I'm sure we'll get a diversity of opinions in the comment section.

[B]

But a lot of people regret selling the first car that they bought. You know, if. If it was one of their dream cars.

[A]

It's a, it's a piece of metal, it's a collection of parts. Who gives a buddy who gives a. Selling their first car. And at this point, what is this nostalgia? What is this like weird attachment to.

[B]

At this point it's already paid off. So what's the difference?

[A]

Because you sell it for 24, get a $10,000 beater and go and pay off $15,000 of debt like this.

[B]

That still doesn't solve my problem.

[A]

Your problem is that you're in debt, so. Yes it does. It solves like a fifth of it. That's big.

[B]

It solves a little bit.

[A]

It accelerates. It solves a lot because that takes away minimum payments that you can accelerate towards your debt.

[B]

I don't agree with that.

[A]

You don't agree. What is there to disagree with?

[B]

Because the car is paid off, it doesn't need much maintenance.

[A]

What do you not. But my, my math was sound. What, what is your disagreement?

[B]

Because it's. There's no minimum monthly payments on this car. So why would I sell the car?

[A]

What was wrong with my math? What is wrong with my math? So there'd be no minimum payment on the other car. You'd get either.

[B]

If you sell this car.

[A]

Yeah.

[B]

And you buy a ten thousand dollar car.

[A]

Yeah.

[B]

Who's to say that it's not going to break down in the future?

[A]

Well, first of all, it seems like you're pretty good with cars. So take a hardcore look at it. But also take it to two independent mechanics separately. Make sure they get a seal of approval that it's going to last for at years. Safe and good. Without major repairs. Not everything's perfect. But you're going to have an emergency fund pretty soon that will help take care of things. And we're going to get in a dream car, a better dream car by the way, pretty damn soon. It's not about that. This accelerates your debt payoff journey. This is like the one thing that I'm not going to say you did right. But at least you have going towards you so you can at Least throw it towards your debt, buddy.

[B]

You know, that would be something that I would consider then at that point. Because there are bigger and better wins.

[A]

Oh, when a win, a potential win.

[B]

You know, if, if there is a time and place where I can buy a better car, then so be it.

[A]

Tell me how much all that piece of costs.

[B]

That piece of that is done by one of the better artists.

[A]

Yeah, you have the best realtor and the best car now. We have the best tattoos. It's the best. Everything is the best.

[B]

That was, that was pretty bad.

[A]

It was bad, dude. It was rough. I. It used to be so good. It used to be so good.

[B]

I got like a really good impression of it.

[A]

Well, that's this job, you dick. Listen, it used to be good. It got rusty.

[B]

It did.

[A]

But what, everything's the best to you? I don't know. It's. It's a sleeve that you cannot even tell what is going on, which makes it just a mess.

[B]

So it's all Greek mythology based and it's color realism and it was 14,000.

[A]

It looks like a, like my current two weeks of diarrhea has just happened.

[B]

O yeah, I heard you were having tummy issues. How you feeling?

[A]

By who?

[B]

By the producer. You haven't done.

[A]

Lindsay, please.

[B]

That's why you're a little angry today, Caleb.

[A]

No, I'm angry every day, buddy. That looks like. And how much have you spent on it?

[B]

I spent 14, 000.

[A]

You are. What is wrong with you?

[B]

Look, it all goes all the way into my chest too.

[A]

Oh, for sake. What a use of money when we can't pay our mortgage when we're about to get this. Where were you living at home when you got this done with mommy and daddy?

[B]

The arm piece? No, but the chest piece? Yeah.

[A]

Oh, what a joke. Mom and dad kick him out tomorrow. You are in. You. Oh, you are supporting such horrible behavior that you are just allowing. You are enabling such bad behavior.

[B]

Trust me, Caleb, after these I don't trust you.

[A]

Worse.

[B]

I'm not getting any more after this.

[A]

I don't believe you. None of your plans have succeeded.

[B]

Have you ever gotten a tattoo?

[A]

No.

[B]

You don't look like a tattoo person.

[A]

Listen, I'm considering a base clef here. I'm just little nervous of the needles.

[B]

I'm a band guy too, okay? Yeah, trumpet guy though.

[A]

I told you, you're a douchebag and gay. Listen, I, Buddy, I, I, I, I don't know. What a horrible use of money. Well, living at home and they support this. It's A joke. It's disgusting. It's, it's, it's not, it's not a good time. And now we're accruing interest 30% on that card. Well done. Done, well done, big guy. And we missed them in a monthly payment on it. Okay, Wells Fargo, what's going on with this?

[B]

So that one, is that the platinum card that we're talking about? So that one, is this Wells Fargo card?

[A]

Yeah. I don't see platinum.

[B]

Yeah, so it's, it's the platinum card. So that's the very first credit card that I got.

[A]

Oh, which means just like the car, we can't get rid of it. It's special.

[B]

Well, credit age, you got to have credit age.

[A]

Could pay it off, you dumb. $10,000 and $560.54 minimum monthly payment, $241. You're still purchasing on it? Still purchase on it.

[B]

Many purchases on it.

[A]

Well, you're on then, cuz. $233.57 of purchases were made on it.

[B]

You know what that is?

[A]

I, I'm guessing a purchase.

[B]

Yeah, I had my reoccurring like Spotify on there.

[A]

Almost like that is considered a purchase. $135.14 of interest accrued. 24 years to pay this one off. Yeah, you'll borderline be at the retirement age, penalty free for your 401k if you ever decide to do that, or your IRA, which we know you love. So yeah, you'll borderline be there. So will it technically be paid off? Sure, if you don't purchase anything else. But we know you love to purchase.

[B]

You know, the minimum amounts that you can put toward, or, sorry, the maximum amount that you can put towards your Roth IRA. It's only, what, 500 bucks?

[A]

Yeah, 401k is substantially higher, but it's.

[B]

Not going to make much of a dent in the amount of debt that I have.

[A]

It would pay this off three times quicker. I'd say that's substantial.

[B]

I would rather put that money towards retirement.

[A]

It isn't. Listen, when there's another max out retirement, it mathematically doesn't make sense. Dude, I don't understand why you think 10 is larger than 30.

[B]

Because if I'm putting the maximum towards my Roth IRA, then it's tax free. Free. When I withdraw it, it is tax free.

[A]

So maybe that boosted to about 15, but even still, that 30 is not.

[B]

So if I delay that by what, like couple years, then I'm losing all that in the market. More than 15, but it's a. It's the principle of just wanting to invest.

[A]

This guy, buddy, no matter the growth you're getting in the market, S P 500 averages out up here is down here is 10. Stock market, 8%. How many times are we going to go through this exercise? 30 is higher than that. Now, if we're taking the tax savings, which by the way, you're doing Roth anyway, so you're saving on the back end.

[B]

Exactly.

[A]

You're not even saving taxes on the front end. So I don't know what the you're talking about, but either way, listen, you're still losing.

[B]

And that's why I was putting making money.

[A]

Oh, you really are a boy. You're a little boy. You're a little boy who jacks off to his Mustang every day. You collect F1. F1 posters. You go around, spend money collecting F1 posters, living in your little goon cave. What world are you in?

[B]

So I had the F1 posters. They were going up in my office in the house I. I don't live in, so I haven't put them up in my room. So they're just sitting off to the side right now, honestly. And they're just collecting dust.

[A]

What a weird life you live. What a weird life you live.

[B]

You watch F1.

[A]

Are you bald?

[B]

Am I bald? No. I actually got nice hair.

[A]

Okay, then why do you have a hat collection?

[B]

I love hats. I've always been a hat person. I love wearing hats and, you know, it kind of adds to the style. So that's why I love hats. I buy them all the time.

[A]

There is no way that you are not a homosexual man with the way you present yourself and talk, which is great. We love it. Take it up the ass. Full support. Full support. We got a ton of gays at the office. Yeah, it's Adobe and Spotify, so it's double. Oh, he's had a leafy this year so far. What is wrong with you?

[B]

There's a leafy on that one.

[A]

Oh, God. My, my. He doesn't even know I know.

[B]

I actually didn't know about a joke. That one is also set up on autopay. I When I realized that the refly card had a late payment, I just went ahead and put auto pay on new girlfriend Run. She wanted to watch this live, but I guess you guys don't have a live, huh?

[A]

No. Why would this be live?

[B]

I don't know. That'd be an interesting venture to go down.

[A]

It would be, but it'd be dangerous for you. Sometimes we have to call it out. Privacy things.

[B]

Oh, that's true. That's true. I didn't even think about that.

[A]

That. Yeah, we used to stream live to Patreon members, but that was a long time ago. Either way, I mean, I feel like I should call her and the ex in the. In the. In the past.

[B]

She actually might want to talk to you.

[A]

Which one?

[B]

The new one.

[A]

I care less about that one.

[B]

The old one? No, she's a she. She doesn't even answer.

[A]

She's a she. Doesn't even answer how he answers that. Guys. Oh, could I go to the.

[B]

If you're thirsting for. No, we aren't there yet. Kids won't stop crying. We brought snacks, but they wanted other snacks. Snacks stop pulling each other's hair. And we made it 14 minutes with no screams level.

[A]

Refreshment.

[B]

We definitely have that. Swing by Circle K and get a polar pop for just 79 cents only for inner Circle members. When you're feeling the heat, Circle K makes your day.

[A]

Are we hearing this? We're hearing this. Actually, the.

[B]

I didn't sound like that.

[A]

When are you moving on with the one with the current?

[B]

So that's actually why I'm gonna do the. The Thanos thing with the. The gemstones. That's kind of why I'm on the show. I. I want to get to a good financial point to where we do move in with each other, and we want to be in a good financial spot.

[A]

But the moment you move in with them, you break up with them in two months. This is at a 15.4% interest rate. So this relatively is close to the market. It.

[B]

Right.

[A]

And you're lucky. You're lucky on this. You're lucky on this. However. However, for what it's worth, this is risk. This is minimum. The payments that prevents you from going out and doing the things you want to do. There is that aspect of it to also take into that equation.

[B]

So for this card, I don't know if I should keep this card or cancel out, but it's obviously a lot better than the other ones.

[A]

Sure. But it's horrendous debt regardless.

[B]

Well, yeah, obviously I plan on paying that off.

[A]

Off. Well, obviously. Just like he planned on paying the other one off, he didn't pay it off. Like, what that means nothing.

[B]

Well, I'm trying. I want to get to a point where I'm building my credit history and, you know, if I cancel that, what's your credit score? It is.

[A]

Okay, then I don't give a.

[B]

Well, that's why I'm trying to rebuild it right now.

[A]

I don't give a and I can't.

[B]

Do that until this house is out.

[A]

Credit is not a tool to you are absolutely. It's like a hammer but you're just swinging back in it in your head.

[B]

My credit score was at a 700 before the missed payments and then as soon as the missed payment happened it dropp dropped significantly. Now it's at a 550. That is like I said, you know, 550. It is garbage right now.

[A]

What are you doing, dude? Okay, PayPal credit. What's going on with this? It's dangerous.

[B]

So easy to PayPal credit it right now is in a promotional offer right now to where it's 0% but that's where the injectors came from.

[A]

Oh for sake. What is wrong with you guy? Get rid of this car. It's also just damaging because you just want to put. You just. It's a toy to you. You just want to spend all your money on it.

[B]

Like I said, I traded in those injectors because I had.

[A]

Yeah, but it was still for things. Exactly. Or else you would have kept the injector. So it doesn't even matter.

[B]

Trust me. I tried to return those for cash and a return so I didn't have to pay off that card. But it was past that return period. So it was either a store credit with them or figure out something. So I ended up pulling the trigger.

[A]

On return 6 and $7 spent this last month was fast spring, fast spring, fast spring.

[B]

I don't even know what you're spending.

[A]

On this card, big guy. Let me guess. You're just using an investing app that doesn't invest in you. It is time to change that. Right now Webull is offering up to a 3.5% match when you open an IRA with them. That is real money going into your retirement, not just points or coupons. And that's just the start. Deposit $100 and you get 30 days of Webull Premium anywhere from 2000 to $10,000 sitting around in your account. Move it to Webull and get $200 in cash. And if you worked your way up to $5 million, that's $30,000 in your account just for moving it over. It is not just about the perks though. Webull provides the tools that serious investors want as well. Tradingview integration, real time data, zero commission trades. It actually works on all your devices. And now through September 30th, you can stack even more. Get a $100 cash bonus for every $2,000 deposit. Plus a 2% cash back on all deposits and a 30 day premium voucher and a 4% APY booster on any uninvested cash. It doesn't get better than the this. So stop over paying for a platform that gives you nothing back and make the switch to weeble. Go to weeble.comk or hit the QR code or the link below. Let's get back to the show.

[B]

It's a zero percent.

[A]

Oh my. He doesn't know what he even spends on eight years to pay this off. So yeah, zero percent is going to expire by then. By the way, minimum payments that, that promotion. Oh, you put towards that after bragging at the beginning about putting more towards.

[B]

Promotional offer ends in six months after the the purchase. So it's like.

[A]

That is obviously gonna. It's gonna. You're gonna have such a substantial balance by then and I don't care what you plan. You're gonna tell me about a plan that's never gonna happen. You never do a plan. You never commit to anything in your life, especially your girls. $1,184.09. It's the balance on here. With a minimum payment of 38 years to pay off does not get you there in about four months from now.

[B]

Well, I plan on paying that off before the.

[A]

Of course you do. Of course you plan on it. Your plans never achieve anything. Because single thing in this world, you never do anything. Mike and Alyssa are always trying to outdo each other. When Alyssa got a small water bottle, Mike showed up with a 4 liter jug.

[B]

When Mike started gardening, Alyssa started beekeeping.

[A]

Oh, come on. They called a truce for their holiday.

[B]

And used Expedia trip planner to collaborate.

[A]

On all the details of their trip.

[B]

Once there, Mike still did more laps around the pool. Whatever.

[A]

You were made to outdo your holidays. We were made to help organize the competition. Expedia made to travel. You plan on it. Your plans are just thoughts. But you never put in any action to achieve anything.

[B]

All right.

[A]

You plan for a lot. You've planned for that mortgage the house to get in with the girl. What plans, what financial plan have you ever done that has actually led anywhere? Nothing that I know of.

[B]

I paid off the car. I paid that off early.

[A]

Well, I guess because you're addicted to that thing, you care more about it than any girl you've ever dated.

[B]

That is my longest relationship.

[A]

Exactly. That's what I'm saying. You're a freak. Weirdo.

[B]

Hey, at least I'm not One of those people who have like that fetish for it.

[A]

Except I don't fully believe that you keep using this as your excuse. A deflection to get out of any kind of pushback. My plan. I plan your plan.

[B]

Well, the balance transfer idea was my plan, but obviously that's. That hasn't been working, you know, with this. So I don't know what else to do or what what the other plan is. You know, if there was some sort.

[A]

Of direction, come back on your spending and just pass this. You dump tit AMEX Gold.

[B]

Oh, that's a fun card.

[A]

Pay overtime, charges interest. New charges interest. What is going on with this card?

[B]

So the AMEX card, I only got that because is. It's an AMEX card. It's an AMEX Gold. So I thought that it was going to be this.

[A]

What. What the does that even mean?

[B]

You know, like you see the people who have like an AMEX Platinum or AMEX black card and all that kind of stuff. And it's like whoa. Like a cool status symbol and all that kind of stuff. That's what.

[A]

I don't even know this.

[B]

So that's why I got the card and it was.

[A]

Oh, who'd you see?

[B]

I don't know. It's just kind of.

[A]

What are you talking about?

[B]

Credit karma. You know, I was, I saw it as an option.

[A]

So that was a cool stat status.

[B]

No, I didn't say it was a cool stats from that. I've just seen people with the, the gold card. I don't know. I just. You know, you go to dinner and somebody pulls out an AMEX gold card or a platinum card, you know, so that I wanted to get one of those cards and they approved me for it. So I was like, all right, cool, I'll use this card. And it was my everyday card.

[A]

Wrecked it up billion dollars.

[B]

So I use that for my everydays. I was using it for. For gas because it was depending on a dude.

[A]

Dude.

[B]

I know it's. I. I don't like using that card much.

[A]

Yeah, you do it. So what are you talking about? Is your plan not to use it because you still do. That lines up with your historic plan making abilities.

[B]

I have an idea. Can I pitch it to you? So I just take all the cards out except for my debit card. Maybe that would reduce my spending. What?

[A]

All the cards out? What does all the cards.

[B]

You take the credit card and you're.

[A]

Going to spend it online. It's going to be dumb.

[B]

What if you take those still?

[A]

You're Spending regardless, even if you put it on Deb, is probably still horrible.

[B]

At least I would be able to overspend.

[A]

No.

[B]

What?

[A]

That doesn't make sense.

[B]

You.

[A]

You overspending in your position is spending a dime on fun money. A dime? Because it all be going to debt and then a fully funded emergency fund. What are you talking about? That is exactly what I'm talking about, buddy.

[B]

Gotcha. I mean, okay, Yeah. I mean, you know, obviously I would. I don't want to spend on this card, but you know.

[A]

Yeah, you do.

[B]

You know, it's like major purchases that might go onto that card that I could just pay off.

[A]

All right, big guy. Yo. $6478.72 with a minimum monthly payment of 137.23. You're right. I mean, I had a little more sympathy towards the beginning. A little more grace where it was like, yeah, yeah, it's hard to make my mortgage payment, you know, if I have to do that when she doesn't pay it because I have all these minimum payments on the high debts. Yeah. Wow, that is sad. He has high debt. Duh. It doesn't matter. He doesn't pay anything more than the minimum. Even though he's bragging about paying off debt at the beginning and he still puts on that. Quiet now he puts more purchases on here. Listen, it doesn't matter, buddy. What do you. If I go through that. If I go through it. Okay, he made a minimum payment and then he purchased. Just shut the up. Shut the up.

[B]

That car should have more than just a minimum payment.

[A]

It was about 10 more. And then you purchased 80.

[B]

No.

[A]

Yes.

[B]

I've been putting more money screen.

[A]

It's there. You don't dumb. 157 was put towards it. When you owe 137, that is $20 more you paid and then you purchased $80 of West Pasco class.

[B]

West Pasco. He doesn't even know what he purchased. I do know that.

[A]

Okay.

[B]

No, so I do know. I do know what that is.

[A]

Tell me.

[B]

So that is the. The dump over in Pasco. That's where the house is. So when I had to clear out the house of her, why on a.

[A]

Credit card that you can't pay off that you are barely putting your minimums.

[B]

Towards because at the time, that was the car that was available. Because they wouldn't accept any other card. So I had to put that one.

[A]

I wouldn't accept your debit card.

[B]

No, they didn't accept the debit card.

[A]

Then why don't you immediately pay that extra 80 towards it.

[B]

You said. I didn't.

[A]

You didn't.

[B]

I may have. I may have. Since then, I. I'm not too sure.

[A]

You probably planned on it.

[B]

I probably planned about it.

[A]

Current girlfriend. He plans on not cheating, he plans on being a good boyfriend, he plans on moving and he plans on progressing your relationship.

[B]

So that's why that purchase is on there.

[A]

11.99% for now expires and already expires. Okay. It is now at 28.24. So moronic. 810 this year in interest already accrued on this card alone. Now it's going to be that every couple months.

[B]

Yeah.

[A]

Now that the interest rate is going.

[B]

Up like the promotional offer. So I think that. Yeah, obviously that.

[A]

No, you're. It's dumb, dude. It's so stupid. I don't get it. And for a status is everyone's status that they borderline max it out and accrue interest endlessly. Actually now your minimum payment has to be higher. I Bet it's like 200 now, right?

[B]

Something in that ballpark.

[A]

Okay, someone in the ballpark.

[B]

I don't really use that card other than that one purchase. But since then, that's.

[A]

I don't use it since this literal last month. Okay, great. What? And then you put nothing extra towards. It's just. Dude, that means nothing. That is such a nothing statement. Okay, Amazon card. Pull out your Amazon. Listen, this looks like this one's paid off every single month, so I'm not going to freak out about this, but you still did make $285 of purchases towards it, which could gone towards debt.

[B]

You want my recent purchase?

[A]

Yes. Amazon. Amazon. Amazon, Amazon. Amazon. Amazon. 30 interest. So you better never hold the balance, big guy. Oh, he got some nuts and bolts for his dumb cars.

[B]

So that's actually not only should you.

[A]

Sell this car to pay off debt, you got to sell this car so you stop spending money.

[B]

That's actually for my girlfriend's car. So there's a hex set on there for struts and then there's a knuckle spreader for the lower of the strut.

[A]

Some thing I think we got. Okay, we're getting dog food on there. That's not horrible. Brochure holder.

[B]

That's for work.

[A]

Why isn't work paying for it?

[B]

They are. They reimburse me and then I paid off.

[A]

It's weird. Acrylic sign holder, some tape, gauze pads.

[B]

That's for my dog.

[A]

Gauze rolls. Okay. Yeah, that's fair. Dog food, roller skates. Definitely don't need that. I don't give a. It's for the girlfriend either. The same flip flops that I have have. They are comfortable. You don't need them. Pay off debt. You live with your mom with your F1 posters. Dog toys for aggressive chewers. It's not the worst swim trunks. I'm sure you already had some more swim trunks. You definitely had some at that point. Cuz you bought two pairs Men wides Cavis loafers. You sure as had shoes. I know that for a fact. Boxer Bruce. If you didn't have underwear, I'm definitely concerned. Live laugh love toaster best bath. Okay buddy, why get out of dead and move out of our parents house? Dead inside patch.

[B]

Funny goose is for my that person.

[A]

Whoever it is, I don't give a. Oh, it's for your backpack. It's for you extra you. I don't give a.

[B]

When I go to the gym and everything like that.

[A]

To look cool for all the other kids.

[B]

I don't know for myself.

[A]

Buddy, you live with your mother. I don't care. You're not cool. That's a reality. Queen comforter set risen with the tism. But you don't have the tism. You're just a total war. Pre workout.

[B]

Okay, so for these purchases that you're about to see. Yes.

[A]

Shut. Shut up. You don't say a word. Don't say a word.

[B]

I'm gonna.

[A]

It's a book that he purchased. How to tell her you're gay.

[B]

Yeah. So I'm gonna tell you.

[A]

I told you now.

[B]

This is great. I can't wait to tell you this.

[A]

He's gonna defend it. Good luck. Good luck.

[B]

Good luck. Listen my friend, it was his birthday.

[A]

He has a coffee mug. I'm gay coffee mug.

[B]

So it's a coffee mug and he watches.

[A]

Actual thing that says come rag on it. He has a scented candle. Ladies and gentlemen. It is not looking good. This is why he breaks up with women the moment he moves in with them.

[B]

Yeah.

[A]

Oh boy.

[B]

So I got in the pre workout.

[A]

Yes.

[B]

Our friends the the mug.

[A]

We all have one of these and.

[B]

I'm willing to even call him him so that way it can justify these purchases. But it was a nice little like.

[A]

Call him your girlfriend.

[B]

Yeah. So it was a nice little birthday present for him and then send off. I knew that purchases was going to come up too. Yeah.

[A]

It's almost like it's all adding up.

[B]

Oh he loved it. He loved that gift, huh?

[A]

Okay. Apple card also looks like it's paid off every month. So I'm not going to freak out about this one specifically. Oh, it's all. This is still money.

[B]

Even if it's paid off, it's money.

[A]

That could go to other debt. Dick. Huh?

[B]

So it's Apple card that was getting the. The payoffs for that. So I. I kind of had my own little plan. Obviously it was loose, but just like.

[A]

You are, I assume.

[B]

So any sort of money that I had left over was going towards a card. And that was my idea of payoffs. And it looks like it was Apple Card at that moment.

[A]

Captivity comes from shop.

[B]

I don't even know.

[A]

Great. That's one of the purchases. Of course it is. Of course it is. Hard row. Apple something. Bill. C Tickets. There he is. There he goes. Apple Bill. Apple Bill. Captivity. Come shop. Coastal cruises. Apple Bill. Oh, I know what that is.com/AXIS COVER. Hey, dude. Shoes.

[B]

I'm wearing them right now. They're com.

[A]

Funny. You buy a lot of shoes for someone that lives with mom. Apple Bill. Apple Bill. Total charges this month alone. And it was all bullshit. Was 1478. And that could have all gone towards debt that would have paid off the PayPal credit. Plus more. You're horrible. You just. You live with mom and she just allows. This is disgusting. Should we call mom? Want to call mom and ex girlfriend. They need to not. They need to not, not, not, not enable this anymore. What a joke.

[B]

Joke.

[A]

What a joke. And you've had interest charges here so far, so you certainly don't always pay it off. You don't always pay it off.

[B]

I had a debt.

[A]

Your phone again.

[B]

What do you want?

[A]

Debt journey or on a debt journey? Your. Your debt journey is your entire life. Shut up. Your debt journeys. You just spent a thousand five hundred on this card alone.

[B]

What do you want?

[A]

And your phone.

[B]

Well, I was gonna pull it up for you.

[A]

I'm pulling up Grindr. And that could have gone towards paying off PayPal credit. And that interest is gonna hit. He has chat GPT for $20 a month. Every dollar annual. You get ours for free. And at least allows those extra account connections and fallbacks, unlike his. Now that the update should be live by the time this episode goes live. Formula One. $11 a month subscription.

[B]

Yeah.

[A]

Oh, that's how I watch it, dude. ICloud. Plus this episode is brought to you by ESP. Slow, sticky. Snoozy. They call these the dog days of summer. But Espolon, they don't do boring. Welcome to the mark days.

[B]

Espolontequila.

[A]

100% blue Weber agave. Born to shake up your summer. Just add lime agave and a little attitude. Visit espolontecila.com Tequila 40% alcohol. Volume 80 proof Copyright 2025 Campari America.

[B]

New York, NY Drink Response responsibly.

[A]

Okay, no. Grinder officially doesn't mean Sniffies isn't in the browser history though.

[B]

I don't even know what that is.

[A]

Huh? He said with his totally straight face.

[B]

No, what is that?

[A]

Oh, I totally believe you right now. You're playing this off so well.

[B]

I wish. I wish I was playing it off well, but I. I don't know what that is.

[A]

Trumpet players understalling each other as they usually do do SoFi and a 9% loan. The going on with this.

[B]

So there is two SoFi loans. What's the balance of that one?

[A]

The balance of this SoFi is $4,981.98.

[B]

So that is the repair that I had to get for the Mustang. So that's with the transmission that completely took a. And Ford wasn't going to cover it. I had to get in a new transmission for the car.

[A]

Get rid of this car, buddy. You're just putting money into it. So stupid. Minimum monthly payment owed $295.75.

[B]

I know. I. And what I will say like with that one, you know, I wish I had, you know, an emergency fund and all that kind of stuff so I could have paid for it. But I did didn't. And that's why I went with sofi because it was the cheapest rate at the time.

[A]

But he. It's just. I don't know. These minimum payments are stacking like crazy now. Did you go a little bougie on your fix?

[B]

I did.

[A]

On the car. Exactly.

[B]

So listen.

[A]

But bulletproof.

[B]

What?

[A]

It's bulletproof.

[B]

Yeah. And I'll explain it. So if I went with a Ford new transmission, it was going to cost $12,000. So this one is a stage three RSA transmission to me. Yeah. So the car guys know this. So with the transmission I bought a stage one. So it was only meant for a th000 horsepower and so it's a car. No, I haven't finished yet. Caleb. And they had some issues putting in the transmission so they upgraded me to a stage three. So it's meant for 1400 horsepower. And I got that for the price of stage one. So that include labor costs, everything like that. So And. And ended up being cheaper than buying a brand new transmission through Ford. And it's meant for 1400 horsepower rather than the 600 that the Ford would offer.

[A]

I just wanted you to sell this car, man. It makes no sense to have for you at this point. At this stage of life, you'd rather have this car than not live with your mom at 30.

[B]

At this point, it's just maintenance costs. It's. It's.

[A]

Buddy, it's not that it can accelerate your debt. I'm not going down that rabbit hole again. If you're too moronic to be able to listen to sense of licenses, then. Then you can go and leave. $7,480.61 on the second SoFi loan with a minimum to payment. Yeah, and now I see why. When the mortgage payment comes due, you wouldn't be able to afford it anymore. $413. So how much debt? You say the debt's free, yet the repairs on the car itself. You still have debt on a credit card and a SoFi. Yeah, so that's not a debt free car. Shut the up if you're thinking that.

[B]

You'Re a. I didn't say it was a debt free car.

[A]

You said it was a paid off car.

[B]

I said all it is is maintenance now.

[A]

No, you. You said. No, that's not true. You're paying your minimum payments for previous repairs. So shut up. You could pay it off by selling the car and then getting a beater and you'd be done. You address your old. Your. All your old mistakes. Listen, what was this one for then?

[B]

What The. The second so far. So that was a consolidation loan. Yeah.

[A]

Which worked well. So well. Because now all the other credit cards are maxed out. Great.

[B]

The reason why I did that one is cuz it was a lower interest rate than what was.

[A]

Yes, I understand why you did it. But then you built up your debt and then you have double the debt because you didn't change your behav. Behavior. Everyone knows why you did it, but it is stupid. And it said 11.72 interest rate, which.

[B]

Is way better than 27.

[A]

It is. Doesn't matter when you raked up to 27 again.

[B]

So what's bigger than 27 or 11?

[A]

Did you not just hear it? What did I just say?

[B]

I wasn't paying attention.

[A]

You are. And I'm not going to repeat it for you because I. You just. I. Buddy, you're a lost the future of our country. Thank you. Stupid student loans. Okay, this is for the original degree. The original marketing degree at the low gpa.

[B]

No. So that one is. That one's actually for the Marketing degree. The second one, because like I said, the first one was paid with a grant.

[A]

Okay. And with these student loans, which are you still borrowing right now?

[B]

Yes. Yes.

[A]

Great. What's your next semester cost? What's the first semester cost?

[B]

So right now I'm in the summer semester and it was 1,200 doll, which I did pay off. So I would imagine that'd be another twelve hundred dollars since I'm taking three courses.

[A]

Okay, well, you're over twelve thousand twenty six dollars for now, obviously no payments because you're in school.

[B]

So I, I have been paying on.

[A]

It though, just like interest.

[B]

Just 100 bucks. Like, why? Just in case. I. I don't know if they were all consult or subsidized loans or unsubsidized.

[A]

So if any of them are two or unsubsidized.

[B]

Yeah. So the ones that are accruing interest, I think that's what.

[A]

Yeah, I would pay just interest only and then throw the rest towards the rest of the debt though. Listen. Yeah. And here's the mortgage. This is crazy. Down payment assistance and deferred balance of 16,447. Yeah, he had down payment assistance.

[B]

Yeah, like I said, I. I didn't put anything down for the house. So that was our down payment. It was the assistance. Since it was like first home command, dude. Since it was like an FHA.

[A]

What the are we doing? 323. $891.44 owed on. On this with a minimum monthly on pay pass due. 13. Kill me. Okay. Total amount due 17,382. So what is your plan here, buddy? If you cannot sell, what is your plan? Because I don't know.

[B]

So right now, like I said, we are lowering the price to be more competitive. I know, but not. Then we'll keep showings. Yeah. And we're gonna be doing an open house this weekend, so hopefully we get some people coming through now that it's priced differently. But I, you know, if we end up lowering the price to the point.

[A]

It doesn't look like a very nice house.

[B]

It's okay.

[A]

I mean, it's fine. But for what you're trying to get.

[B]

Yeah. And the. So the point that I'm at right now is if it ends up being a short sale, then I can contact the mortgage company and put it into kind of like a limbo stage to where it's not going to get foreclosed on. And then after a couple months of being short sell, if it doesn't sell to somebody, then we could do it. A deal. A detail. Lou. That is what I was told the last time I called a mortgage company.

[A]

Might be the only thing left at this point. Buddy. And it's just absolutely sucks the way he went about this is so. And the payment that is due right now is insane. A 6.75% interest rate. It's crazy.

[B]

I don't even know if that's a good rate. Huh. I don't even know if that's good rate.

[A]

Fine. This is kind of where rates are.

[B]

And that's why I wanted to get the house. Because I didn't know what was going on with the market. Market. I didn't know if new rates were.

[A]

Kind of at the peak. Really?

[B]

Yeah. I didn't know about the rates if they were going to go higher or if they're going to stay stagnant at the time. So I was like.

[A]

Down. It was like inflation was cooling. I don't think. Okay. Interesting. Okay. Checking account. Got about 1800 bucks in there down from the last month. Grass barrel bar. Starbucks going in against BS from 7 11. Venom Venom. Venmoing out $80. Fsprg.com abc Fine wine going in and getting some BS crumble cookies. Uber eats car wash. Great. You live in Florida. Who the what the are you doing? You're not in a desert. You're not in snow. Stop with the stupid car wash. You move out of your parents house. FSPG.com what the what is that?

[B]

I actually don't know what that is.

[A]

Well you spent there twice so far.

[B]

Far. What were the amounts?

[A]

One was 99 cents. The last one. The other one was 7. $7.

[B]

That might be micro purchases. Honestly for a game.

[A]

What the is wrong with you? You now you're a gamer collecting F1 posters. Living in your mom's basement going into a Mustang. This is not a good look. PayPal. PayPal. Smoothie king going in, getting some B.S. find wine. Going in and getting some B.S. going in and getting some B.S. going in and getting some BS& smoothie. K Car wash again. More shoes. How many shoes do you need a one month hole?

[B]

It's the. Hey dudes. They're comfy.

[A]

I don't give a How many do you need in one month?

[B]

I only have three.

[A]

Shut the up. ABC Fine Wines. There it is. $5 of the micro gains. Oh my goodness. It's Clash of Clans. He's just endlessly going in and cash clasher cans. He lives in his mom's basement. Basement. Just Clash of Clans.

[B]

Have you played that game before?

[A]

You are. No, but I'm also not a joke of a human being.

[B]

It's fun.

[A]

It's addicting, obviously to you because you spend money you don't have late on mortgage spending on Clash of Clans off.

[B]

It's a good game. That's all I got to say about it. You ought to give it a try sometime.

[A]

Is that what Jinkies is playing? What are you watching? Streamers playing Clash of Clans.

[B]

I don't watch the streams. I don't have time for that.

[A]

Well, you're playing Clash.

[B]

I don't have time to watch other people play video games. Are you kidding me?

[A]

People usually do it in the background. But I, I get it.

[B]

I mean if I'm not doing this and I'm watching your show, well, you've.

[A]

Clearly taken away nothing you're a moron on. So Clash of Clan instead of moving out. Oh, what a life we are living. Oh dude. Clash of can't moving out Conan gain some BS Men's Depot Clash of Clans $7 Smoothie King fit Stop Eatery Barcelona Base store Bella Italian Cafe Texas Roadhouse. Texas Roadhouse AMC AMC Steve Fitz Stop Eatery Crumble Cookies clash of clans $10 that time going in and getting some BS. PayPal Fed Stop Eatery Dave and Busters ABC going in getting some BS. Ben went out $30 and Spotify again. We have Spotify on a credit card ready have two spotifies.

[B]

I I believe that's when I transferred it.

[A]

Dude.

[B]

Yeah, I didn't want it on the credit card anymore so I put on the debit and I believe it charged.

[A]

300 in this one down from a thousand. This is our savings. Savings are only going to down great. So we can do Clash of Clans $2,512 in this high yield savings account.

[B]

That was my start at emergency fund.

[A]

We have 30 interest. I understand wanting to have a basic to start with $19,206 in retirement. Definitely behind for your age but you should be because you need to pay off debt.

[B]

Yeah, I started late with the retirement. I wish it was definitely a little bit better than that that but that's where we're at with it.

[A]

That's fine. I just need you to hyperfocus on paying off debt. Dude. Let's see if we can budget our way out of this. I don't know man. Little hope the mortgage we won't add that payment into it because you're either going to foreclose or get or done or just sell or deed thing and.

[B]

Just stupid got quite the Collection here, Caleb.

[A]

No, Honestly, you do. $5,000 is what comes in on a monthly basis. Okay. Okay, wonderful. Great. Let's get your debt minimums, not mortgage included. Now, do you do anything like Internet or utilities for the household?

[B]

Currently, no for it, but I did just recently start paying utilities for the house.

[A]

What house?

[B]

For the. The house mentioned, like with the mortgage. So I'm paying.

[A]

Okay. Your debt minimum, monthly payments, not including your mortgage. $1,505 and 37 cents. That is insane. That is disgusting. Good thing we're doing clash of clans and F1 posters. What is the in utilities?

[B]

So it was 300 initially for the water, but that's gonna be about $80 afterwards.

[A]

Yeah. And utilities in total, it total.

[B]

200.

[A]

Okay. 200 for utilities. Okay. Gas. Vroom, vroom. Drive. Drive. For your special little car.

[B]

About 150.

[A]

Car insurance?

[B]

150. 30.

[A]

It's not horrible. Phone bill?

[B]

Phone bill. I don't pay anything.

[A]

He is a man baby. He is a man baby. Okay. If t mobile is good in your area, do helium once. You have to pay for your phone bill. If you ever do groceries. $300. You can do it. Use the meal plan in the budget friendly cookbook and use the budgeting app. You can do it for 250. We gave you 300 for wiggle room. TP fund. Anything else you need to survive. $100. Medical, health care, copays.

[B]

That's automatically taken out of my paycheck.

[A]

No co pays.

[B]

I don't. I don't have any.

[A]

What about Jim?

[B]

Jim? Right now I'm paying 30. Okay.

[A]

That's okay. Subscriptions. I'll give you 25 bucks.

[B]

I don't think I need that much, honestly.

[A]

I'll give you 15 bucks. Do you have pets?

[B]

Yes, that's right.

[A]

Okay. The dog.

[B]

Yes.

[A]

Just one dog.

[B]

Just one dog.

[A]

Agent health.

[B]

He's five.

[A]

You have pet insurance?

[B]

No.

[A]

Okay, I'm going to put in 40 bucks. Get good pen insurance. A lot of them are sketchy.

[B]

Do you have like recommendations for pet insurance?

[A]

What is it?

[B]

What is it?

[A]

Spot that spot. That's pretty good. Okay. And pet food, how much?

[B]

About 60amonth. I would budget. I could show you a picture of a later the dog.

[A]

Quiet. No need. I will find him cute. You need to survive. And this is what's crazy. Without the mortgage, I mean, it's only half. $2,530.37. So I would just. Just eat the loss on this house and just try to get out of it or get it rented or I Don't know man. Because without it you should be able to pay off that pretty damn quick. Quick, you have an extra $2,469 left over. And for the girlfriend and everything in fun, I'll give you, let's say, let's call it $469 of fun money a month. So $2,000 left with your, what was it, $55,000 of bad debt. Yeah, well one, sell the car, get rid of that boom. 10,000 hour beater. $15,000 towards debt. Now you have $40,000 of bad debt. Well, student loans were minimum monthly payment until we're paying that off.

[B]

I was just about to ask you, what is that?

[A]

That is 12,000. So minus 12,000. So we have bad debt. $27,973.09. Divide that by the $2,000. Takes 14 months to pay off. Just over a year. It's not that bad. You can move out, live life with a girl.

[B]

But that's actually a lot better than I thought.

[A]

Yeah, that requires you one, selling the car. Two doesn't take care of the student loans. Three, budgeting and actually sticking to a plan for the first time in your damn life. It's pretty simple. My guy. Guy. I, I, I, I. Listen, come back on the follow up channel and prove that you can do it. But I'm having a hard time because listen, you've tried to do so many plans. That's my plan. Then you never do anything. You just consolidate debt or transfer debt and spend all this money on. You spent so much money on Bull. It was crazy. You live with your parents, so you just do clash of clans. So I. Good luck. Good luck. We're going to call some of them in the post show so make sure you join Hammer Elite, the best YouTube membership on the platform. Platform. Let's get this. Hammer Financial score spending in a budget. Well, you ever spent so 0 out of 10 debt you don't have collections? Those behind on the mortgage? It's a, it's a one out of ten for sure. Emergency fund. Oh, is it 2500? I'll give you a two out of ten because you'd want a little higher than ten anyway. What was your retirement number?

[B]

It was 19,000.

[A]

Okay.

[B]

For where you're at, it's at 21 right now.

[A]

30. That's about a three out of ten. Definitely behind for your age. Real estate zero. You own real estate, you're behind on the mortgage. Yeah, I'll give you a 2 out of 10. I'll go with 2 hammer financial score rounded up just barely, making the cut to 2 out of 10. Join us in the post show guys. Best YouTube membership on the platform. I'll see you there. Join Hammer Elite Link in the description below. You want to call the mom and confront her? Has your son ever sucked? I would hope not.

[B]

Confirm mom hates the gays.

[A]

Why do you allow allow him to stay there? If he spends all his money on bs, can he do anything? I don't think he can, which is starting to make me look like a failure. Are you willing to kick him out so that he can actually figure it out? Elusive Members Content Click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content.