$67,000 Of K-Pop Debt | Financial Audit

Summary

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Financial Audit Podcast: "$67,000 Of K-Pop Debt" with Caleb Hammer

Release Date: October 8, 2025
Guest: Presley, 27, Retail Manager from Houston, TX

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Main Theme

This eye-opening episode delves into Presley’s personal finance journey, revealing how poor money management, impulsive spending, and a K-pop obsession resulted in more than $67,000 of debt. Host Caleb Hammer critically examines how someone with a solid income and even a history of diligent saving could lose everything to lifestyle inflation, credit card mismanagement, and repeated “consolidation” attempts, turning a once-healthy retirement portfolio into a mountain of debt and regret.

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Key Discussion Points & Insights

1. Background and Income

• Presley, 27, is a sales manager at a large retail chain in Houston, bringing home ~$4,300/month on a $67,000/year salary ([02:12]).
• Once aspired to run her own bakery; entered retail for stable income ([01:23]).
• Despite the reasonable income, Presley’s lifestyle consistently outpaces her earnings.

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2. Spending Habits and Lifestyle Inflation

• Regularly makes daily impulse purchases (“micro purchases”), especially working in the mall ([03:54]).
• Struggles to recall what she buys—even small, routine things like matching shampoo/conditioner sets ([04:07]).
• Admits spending $5–6K/month, well above her take-home; actual tracked outflow was over $7,100 in a recent month ([07:09], [06:05]).

Caleb: “Why would you apply for a consolidation when you’re spending $1,000 to $2,000 more than you make?” ([06:09])

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3. Debt and Failed Financial Strategies

• Cycle of paying off credit cards/loans (sometimes via consolidation or by tapping investments), only to rack up debt again ([05:07], [05:31], [26:07]).
• Has attempted loan consolidations 4–5 times since 2019, but never changed spending behavior ([25:34], [26:08]).

Caleb: “Every time you’ve consolidated, what’s changed?”
Presley: “I try to get better and then I fall short because I’m not good at the budgeting.” ([26:31])

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4. The $60,000 Retirement Account Disaster

• Presley built a $60,000 401(k) by age 26 ([10:26]), only to cash it out in her late twenties to pay off debt and buy furniture when moving out ([11:42], [12:00], [13:11]).
• Furniture purchases included a $7,000 couch/rug total ([13:53]).
• Host calculates, due to lost compound growth, that $1M is likely gone from Presley’s future net worth ([11:22], [11:36], [14:50]).

Caleb: “$60,000 would have been $1,000,000... which is what you lost.” ([11:22])

• Added tax penalties and fees; Presley then quickly resumed spending. Part went to a $5,000 Christmas ([19:01]).

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5. K-Pop & Concert Spending

• Has spent $10,000 on BTS (K-pop group) merchandise ([00:00], [41:18]).
• Multiple large concert expenditures, even selling remaining stocks to fund tickets ([18:50], [21:14]).
• Presley struggles to part with her K-pop merch—but host insists that, if she wants to attend more shows, she should consider selling them ([42:14]).

Caleb: "You already spent your BTS money over the last couple years... To get there, you have to make sacrifices—that means selling your $10,000 of BTS [merch]." ([42:14])

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6. Everyday Money Mishaps

• Routinely pays fees and interest just to "earn" credit card points ([29:07]).
• Charges rent to a high-interest card, absorbing 3–5% fee monthly ([29:22]).
• Racks up $700/month+ eating out (often at the mall) ([15:56], [61:54]).
• Indulges her dog: premium pet insurance, renting “Sniff Spot” yards, frequent vet costs ([55:08]).
• Participation in buy now/pay later services (Affirm, Klarna), often for electronics or concert tickets ([56:21], [62:58]).

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7. Total Debt Picture

• Credit cards: Multiple maxed out, some over limit, all with steep interest rates (26–34%) ([31:03], [51:41], [52:10]).
• Car loan: $30,892 on a Subaru Outback, likely negative equity ([78:59]).
• Student loans: $8,678 ([82:15]).
• Two active personal loans (dental bills & consolidation) totaling ~ $9,000 at 20–25% rates ([74:22], [76:33]).
• Total debt nears $70,000 ([16:08], [89:00]).

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8. Budgeting Avoidance & Financial Tools

• Presley doesn’t use a budgeting system or app regularly ([06:55]).
• Host pushes “Dollar Wise” app, as others failed to give Presley a complete picture ([27:00]).
• Financial self-assessment score: 0.65 out of 10, rounded up for mercy ([27:47], [91:51]).

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9. Living Situation & The Grim Road Ahead

• Presley plans to move back in with parents (paying $300/month rent) to try to get out of debt ([14:10], [88:43]).
• Calculated barebones survival expenses: $4,515.84/month but only makes $4,300—already underwater ($200+ deficit/month) ([87:00], [87:18]).
• After moving home and selling car for a cheaper one, could grind out the remaining ~$40k of debt in about 4 years—if she radically cuts spending ([89:30]).

Caleb: “This year alone, you’ve lived three years’ worth of fun in terms of your spending... now it needs to all go towards debt.” ([39:59])

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Notable Quotes & Memorable Moments

• On spending justification:

  Presley: “I just like buying merch and stuff.” ([39:42])

• On 401(k) cash-out:

  Caleb: “You lost $1.5 million for sweet treats.” ([61:54]) Presley: “Yeah, but there’s no guarantee I’m going to live that long.” ([62:06])

• On dodging reality:

  Caleb: “How did you think you could afford that?”
  Presley: “I thought I still had some more money from [selling my stocks]” ([50:09])

• On failed change:

  Caleb: “Every time you’ve consolidated, what’s changed?”
  Presley: “…Probably four or five consolidations…in order to get another consolidation.” ([26:08])

• On K-pop priorities:

  Caleb: “There’s always a reason why this is a special [BTS concert]…” ([43:02])

• Biting summary:

  Caleb: “You were well ahead of everyone. You were going to live an upper middle-class lifestyle at retirement…And you have nothing to show for it.” ([17:39])

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Timestamps for Key Segments

| Time | Segment/Discussion | |--------------|----------------------------------------------------------------------------------------| | 00:43–02:12 | Guest Intro – Career & Income | | 03:54–06:05 | Micro-purchases, daily spending habits | | 07:09 | Discovering $7,100+ in one month outflow | | 10:26–14:50 | 401(k) disaster: cash out & long-term cost | | 15:56–16:08 | Eating out: $700/month and debt tally | | 18:50–21:14 | Selling stocks to fund concert tickets | | 25:34–26:08 | Multiple consolidations—why they keep failing | | 29:07–31:03 | Paying rent by credit card, points & fees spiral | | 39:42–41:18 | Merch addiction & BTS spending | | 51:41–52:33 | Maxed out cards, over-limit habits, and minimum payment traps | | 55:08 | Premium spending on pets and "Sniff Spot" for clean dog swims | | 61:54 | Hammering the math ($1.5M for sweet treats), fatalism about living long | | 87:00–90:41 | Presley’s bare-bones budget and radical changes needed (sell car, move home, grind) | | 91:51 | Financial score: 0.65/10, “rounded up to 1” |

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Tone & Language

• Candid and irreverent: Caleb and crew don’t hold back calling out self-destructive habits, but humor and sarcasm keep the tone energetic and sharp.
• Reflective and defensive: Presley vacillates between self-deprecation, rationalization ("I thought I could afford it"), and painful honesty.
• Occasionally playful: Sidebars about K-pop, sexuality, and guest banter add levity.

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Conclusion

Presley represents many young adults: responsible beginnings, but ultimately submerged by lifestyle inflation, consumer temptations, and an inability to break the debt cycle. Caleb makes clear that no amount of debt consolidation or “hacks” can substitute for true behavioral change. Without urgent action—selling the car, cutting unnecessary expenses, and forgoing K-pop extravagance—Presley’s path is one of long-lasting financial pain.

Caleb: “There’s no K-pop in there. There’s no fun money. I’m sorry, BTS doesn’t exist when you’re underwater by $200 a month. That sucks.” ([90:41])

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For listeners facing something similar: The underlying message is brutally clear: Until you change your habits and confront your numbers honestly, no income or hack can save you from financial ruin.

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Transcript

[A]

To watch episodes of financial Audit a week earlier, check us out on YouTube. You have $10,000 of BTS merch in your apartment right now. $10,000?

[B]

Oh, sake, dude, I had about 60,000 in it.

[C]

Oh, no, you. No you did not. $60,000 would have been $1 million.

[A]

Sign up for the new and improved Dollar wise budgeting app. Take the free trial and if you like it, sign up for the annual version to save a ton of money. And get my budget friendly cookbook signed by me and mailed directly to you. And only if you want to bundle all of my educational programs together with the budget app, Join dollar wise Central and save 80%. Take the trial and learn [e-mail].

[B]

My name is Presley. I'm 27 years old from Houston, Texas and this is Financial Audit.

[A]

Well, thanks for coming over to Austin. What do you do in Houston for a living?

[B]

I work at a large retail chain in the mall and I am one of the managers there.

[A]

A manager. Okay, very good. 27 manager. Okay. That's what you want to do retail? Not bad that our career paths. I want to make clear that I'm not talking down on retail by any means, just more when people think about what they want to do, you know, here, like retail. Is this what we're trying to do? I have to ask out of the gate because 27, right?

[B]

Yes.

[A]

Okay.

[B]

So it's actually really funny. I originally, when I was younger, wanted to go into baking and so I actually had my own business and I was baking.

[A]

You had your own business?

[B]

I had my own business.

[A]

When did you have Your own business?

[B]

17, 18 years old.

[A]

How long did that business last? Are we counting that or is it a lemonade stand?

[B]

Lemonade stand, kind of. Okay, then that's not so. But I who's really funny to me? Cause I swore I would never get into retail, but I needed to get a job. I needed to start, you know, being an adult at 18 years old.

[A]

And what do you make in this retail position?

[B]

In my current one, I make current one, yes. 67.

[A]

67 what?

[B]

67,000.

[A]

That's great. See. Wait, what? $67,000 a year?

[B]

A year? Yeah.

[C]

Good.

[A]

Look at this, guys. We can do retail. You can make a living. Manager. So like general manager.

[B]

Yeah, so we have in my store we have sales managers. And then you have like the merchand operations managers. I'm one of the sales managers. And then so the bring home on that because I know you'll probably end up take home on a monthly basis 4300amonth.

[A]

Good. I live in on Houston. With that I'm okay.

[B]

Are you not? Not good enough. Because I'm not on the. Or because I'm here, right?

[A]

Clearly. What's going on?

[B]

I like to spend. I do. I was thinking about it on the way here. I was like why do I spend so much?

[A]

Why do you spend so much?

[B]

I like to get things and then I also do kind of like you know in gaming when you have like the micro purchases. I haven't gamed in a while. I haven't gamed in a while.

[A]

That's not what I'm freaking out about. I'm figuring out about the micro purchases. What?

[B]

So like even on the way here.

[A]

I was like you micro purchased gas. What do you know?

[D]

Possible.

[B]

I. I forgot. Well, I didn't forget. I ended up getting a migraine on the way. So I stopped at a gas station and I drive Excedrin this morning.

[A]

Are you okay?

[B]

Yes.

[A]

Well, migraines are horrible. Okay, I'm glad you feel okay.

[B]

Excedrin is my best friend.

[A]

Okay, but that's not bad. Why would I criticize that?

[B]

Well no, you wanted to criticize that. But like I will. Hey guys.

[A]

If you're sick, you die. What?

[B]

No, no. So like I couldn't even tell you what I bought in the last week kind of thing.

[A]

How often are you stopping places and just swipey?

[B]

Probably too much. Like again, I work in the mall and so every day self reflect a little. At least once or twice a day.

[A]

Once or twice a day? Yeah. That's relentless. That's insane.

[B]

It's just like, you know, I forget like or it's not so much forget. It's just like those little things like the other day. Yes, it's a need but. But I have plenty of conditioner at home. Right. But I also ran out of shampoo. But I'm one of those people that I for some reason believe that your shampoo should match your conditioner. So when I went to Walmart to pick up shampoo, I couldn't get the one that I usually use cause my curly hair. Right. So I went with the mane and tail so it could be a little bit cheaper. But I got the shampoo and conditioner even though I have plenty of conditioner of my normal conditioner.

[A]

How much do you spend on that?

[B]

That I mean main entail is about $8 total.

[A]

Okay. So I guess you applied for me to tell you to stop spending.

[B]

Well, it more so like stop spending. Figure out my debt so I could pay it off because, like, I actually applied for y' all and JG Went with on the same night.

[A]

JG Wentworth.

[B]

I don't know exactly how it works. And so when I applied, I was just like. I would just want them to call me back so I can figure out steps are. So I could figure out if it was a solution for me or not. Because I'm. I'm kind of habitual. You know, I do have some loans to pay off the credit card debt, and then I racked back up the credit cards, and so I was like.

[A]

Well, so you would do that again? I'm confused. Why would you want to do that again?

[B]

The. The goal is to the goal.

[A]

But come on, you didn't. You didn't fix. Did you fix?

[B]

No, Exactly.

[A]

Like, you didn't change your behavior. If you change your behavior, you probably wouldn't be on the show.

[C]

So.

[A]

So why would you try to take the same shortcut that you already took? Listen, we know what comes in. What did you spend last month? What did you spend?

[B]

I don't actually know.

[A]

Of course not. But payroll was 4216. You also had $200 as Zell, so it's about that 3,4300 that you suggested. Good. Come on. What was your outflow? We know your inflow. What was your outflow?

[B]

Probably five to 6,000.

[A]

Okay, well, that's insane. Why would you apply for a consolidation when you're spending 1 to 2000 more than you make? Oh, because that just means you're. You'll have double the debt again.

[B]

Yeah, that. That's what I'm like. I'm trying to figure out, because it's like, I have moments that I was good with my. Good with my spending, good with paying everything down, didn't make all the best decisions in order to pay it down, but, you know, I paid it down. I was good. And then we're good.

[A]

But again, if you spend a thousand to $2,000 more last month than you bring in, why is that a time to consolidate your debt? Because you'll just build it back up again.

[B]

Just trying to figure out what to. What to do. And that's where I was like, oh, let me apply to this. And then, you know, I'd seen some of your shows, and I was like, let me apply to this and just see what happens. And then I happened to get the call.

[A]

Why haven't you tried to use the budget?

[B]

I. I was at a point that I finally got back down to, like, every statement. I was paying off my credit Cards.

[A]

Well, by the way, I will say what actually went out was $7115.14.

[B]

Okay. That, that. Yeah, I did not expect it to be that high. Almost double what I bring home.

[A]

Hold on. Yeah, Almost double what? The.

[B]

Yeah. For why?

[A]

For what intent? If you said you were better off, when were you better off? Because I'm not seeing any indication of better off. This sounds like you're going in a horrible place.

[B]

Right before I moved out is when I was better. Did you move out last October from fam. Yes.

[A]

Okay, good.

[B]

Yes. I. I was like, okay, how did.

[A]

You allow that to go completely off the cliff? Isn't that the whole point of getting independence is to be independently well off?

[B]

Exactly. And so I was good. And then I got my puppy because I could not live alone at that point. I was like, I need something to.

[A]

Maybe you could have afforded a puppy. But why is that the issue?

[B]

So then, you know, getting back into the retail position, going into Christmas, I would come home really late, and in the apartment, my. My fire alarm goes off like every time I cook. And so I.

[A]

Does this have to do with the dog?

[B]

Well, so I always want to come home, like, immediately to go back to my dog, right?

[A]

Yes.

[B]

And so no matter what, like, she just happens to be there. But I would end up door dashing at night.

[A]

You're using you getting a dog as an excuse to doordash after your shift?

[B]

Well, no, no, no.

[A]

This is a cope. Out of all the copes I've heard, that's a mega cope.

[B]

Well, the, the whole point, I try to get home and then I would. No matter what, I would. I, like, I have a whole thing of burger patties in my freezer. Right. That I could just like, throw on the. Throw on the.

[A]

That doesn't sound very healthy, but. Okay, continue.

[B]

No, but if I, If I end up cooking it on the stove, my. Again, my fire alarm ends up going.

[A]

Off in the middle of the oven, which you can do.

[B]

Well, again, my fire alarm still goes off. I don't know why. I've already tried to get the apartment to fix it.

[A]

Take the battery out while you cook.

[B]

That's one of those things.

[A]

Like, one of those things that took five seconds to think. Yes.

[B]

Well, I'm kind of weird in that aspect of.

[A]

I didn't know you're a ginger.

[B]

I didn't know, like, if you took out the battery or not. If it would like, somehow signal to the apartment complex that you took out a battery. I don't know how these. Those things Work.

[A]

You think it's. I don't know, you think your apartment complex is Germany or the Soviet Union that's going to storm in.

[B]

It's my first the kgb. So I didn't know if it could be like a potential that they're like.

[A]

Oh, look it up or ask anyone like, I don't really know.

[B]

No, I didn't.

[A]

Okay. That is such a cope to get doordash constantly. You're saying all this debt is doordash. Then you moved out, you got a dog which benefited in no way to the story. And then you doordash because apparently, you know, you got a dog. So I have to doordash Interesting. And that's why we're in debt. This doesn't. This is not making sense to me.

[B]

When I had my last job, I. I had a great 401k there and I.

[A]

Wait, what was the job? Let's get some baseline another retail job.

[B]

I was a manager.

[A]

What was your 401k? Was is the concerning word.

[B]

Yeah, I had about 60,000 in it.

[C]

Oh, no, you. No, you did not.

[A]

At your age, you were 26. Wait, when was your last job?

[B]

I never not had a job once I got a job.

[C]

When was this job a year ago that you had? So you're 26?

[B]

I was. Yeah, I was 26. I had.

[C]

Because when you had 60,000.

[B]

Yes. That was good, right?

[C]

Was better than me at 26. I was negative at 26.

[B]

I.

[C]

No, no, no, no, no, no, no, no, no, no.

[A]

Quiet, quiet now. Quiet now. What are you laughing about?

[B]

Oh, yeah.

[C]

Huh.

[B]

That's just. I suppose I laugh at myself sometimes. That's the only way to get through.

[C]

Dude, that's 39 years until 65 do.

[A]

Compound of 8%, which is the entire average yearly return of the entire US stock market since the beginning of it to right now today.

[C]

$60,000 would have been $1 million, which.

[A]

Is what you lost $500,000 in today's money after inflation.

[C]

But you lost $500 in today's money or $1 million.

[A]

$1 million is gone.

[B]

Yeah.

[A]

Wait, did you take it? Wait, what did you do with it? Maybe you didn't take it out. Sorry, I'm jumping the gun on this.

[B]

No, I did take it out.

[A]

All of it?

[B]

Yeah.

[C]

The what? And where is it? Where is it?

[B]

To show paid off my loans at the time of which we racked all.

[A]

The way back up, which you're then going and applying for consolidation today. What are we doing?

[C]

No. What are we doing?

[B]

No. So like, I paid Everything off. And then I had put. And I was again smart for a moment because the what I did take out.

[A]

Hi, Joker.

[B]

I made sure to put into a CD everything that I knew would be taxed. So I didn't like go into debt from being taxed or anything. I put that in a cd so I couldn't even touch it because I do know some of my spending habits didn't touch that until, you know, tax time rolled around last year or earlier this year. Paid off the taxes from it because that was like $6,000 in taxes for taking it out. And then, yeah, the rest of it went to paying things down and then getting. I'd already saved up some other money as well for moving because I had already planned on it. But then of course, I bought furniture, but paid off the furniture immediately afterwards with that money.

[A]

That's crazy. A million dollars gone for that. Do you not realize?

[B]

I don't think I always knew what or knew how the 401s worked and I.

[A]

401S? Dude, it's just investing. It's not about the 401k. Yes you had or because it's tax advantage. You had early withdrawal fees and you know, your tax at your income. But even still, it's the couch.

[B]

The couch.

[A]

And what else? Lindsay says two rugs. How much did you spend on all that?

[B]

I really want to say it was.

[A]

Like $21,000 on a couch and two rugs.

[B]

2,100. No. Lindsay's crazy, but not that good.

[A]

Lindsay's correcting your math. She is. 7,000.

[B]

It was 7,000 total.

[A]

7,000 from everything she collected from you. You still live alone? Independently.

[B]

Yeah.

[A]

Can you. Are you kidding me?

[B]

Probably not at this point. I do. My lease ends in December and I am probably moving back home with my parents.

[A]

Will you be 28 at the time?

[B]

Yes.

[A]

You'll be 28 moving back home?

[B]

Yep.

[A]

I don't know. This is not what we want in adulthood.

[B]

No, it's not.

[A]

Listen, when life gets rough, it is okay to have a support system. I'm not advocating against that. But the fact is, it's all because of your behavior. It's not like life didn't come and hit you.

[B]

Yeah, no, you got her dog. Get that.

[A]

And had a fire alarm. Which means we must go door dash and get ourselves into debt and pull out and lose a million dollars million.

[B]

Dollars down the drain potential. Because I, I, I do feel like 401 s fluctuate, but I am starting to fluctuate. Don't.

[A]

No, no, no, no. No, no. If it's the overall stock market, yes. You go up 30% one year, down 20% another. It averages 8%. So we did the average. This is what the stock market has done on average, all up years, down years combined, since it was literally created to now is 8% S and P 500 is closer to 12%. I was conservative and said 8%. You probably lost about 15, $1.5 million, you know.

[B]

Yeah, there's a lot to lose. I am going back into my 401 now, but not as much as I could get matched with my company.

[A]

Well, I know you're getting back in. It's just talking about what you lost all for the sake of a couch rug and consolidation of what you brought all the way back up again.

[B]

Ye.

[A]

How much did you. Okay, so. Well, sure, we're doordashing, we're going crazy. All this good stuff. Wonderful, wonderful, wonderful. How much did you spend last month on going out to eat? On food. Food.

[C]

Not groceries. Not groceries. Bull food.

[A]

How much?

[B]

I don't remember.

[A]

I'm talking self reflection. What you think? I know. You don't know the number. You don't budget, you don't do any of that. What do you think?

[B]

Probably three to 500.

[A]

Dude, it was 707.

[C]

700. What is your debt situation?

[A]

How much debt do you have? Total debt.

[B]

Including like the car and the student loans.

[A]

Yeah. Which is debt.

[B]

60,000.

[A]

It is almost 70. Dude, you don't know your numbers. You have almost $70,000.

[C]

Almost 70,000 hours.

[A]

Almost 70,000 hours. One percent of that every single month is spent going out. One percent.

[B]

One percent of seventh, which is like.

[A]

That could accelerate you. Immensely. Immensely. That could accelerate you.

[B]

I'm gonna be really honest. What do you mean by accelerate?

[A]

Like, hold on. Also, I think I'm a little. That's 10%, isn't it? No, that's. No. 7001%. Oh my.

[B]

I had to think about that too, because I was like, 7,000. Hold on.

[A]

What are you doing?

[B]

I just. Like I said, I, you know, and I'm working in the mall. There's a whole food court. And like, I think about making my food at home when I'm glad we think about it. When it's daytime and I'm not annoying my neighbors.

[A]

What time do you go to bed? Depends on when I know your neighbors.

[B]

Well, because the fire alarm.

[C]

Unplug it.

[A]

Report it. Report it to the people.

[B]

I did report it and they said they came and desensitized it or whatever.

[A]

Report it again.

[B]

Report it Again, it kept going. But so sometimes I'm like, oh, I'll bake during the day and then just reheat it in the microwave because the microwave doesn't make it go off. And then I, you know, get up too late or something. Again, like my being in retail, sometimes I don't get off until 11pm and then other days, you know, I get off at 5:30 takes about.

[A]

Meal prep is microwaving, dude. It's microwaving. Yeah, that's all it is. Listen, you had fifty thousand dollars. You had like a fifty thousand dollar net worth a year ago. Incredible. Nah, maybe it was like 25 because you use some of it to pay off that. Now you're negative $70,000. That's your net worth. You went from positive net worth at an age when almost no one, median, average, whatever you want to use. Almost no one is positive net worth. You were well ahead of everyone. Well ahead. You were going to live an upper middle class lifestyle at retirement. Upper middle class. And you. And you have nothing to show for it. A little bit in student loans other than that there's nothing. A car where you probably have negative equity gone.

[B]

I think it is negative equity because I got, I got all the things when I got the car.

[A]

Lindsay saying when you pulled it out, you also set money aside for a trip?

[B]

Yeah, trip from her.

[A]

401K penalties, taxes for a trip. What trip?

[B]

That was one of my. Let's see, that happened last year. So yeah, that was one of my.

[A]

She just typed a note that's going to make me kill myself. Please continue.

[B]

It was, it was a K pop concert.

[A]

Good, good, wonderful. And then she had about 5,000 hours left from the 50.

[B]

Good.

[A]

What did she use it for? Well, an emergency fund. And that immediately went to Christmas presents.

[B]

Because I would buy the things and then like I said, I was paying off the statement balances and the statement balances added up to be the five thousand and I just.

[C]

Five thousand dollar Christmas.

[A]

Well, $1.5 million for a $5,000 Christmas, by the way.

[B]

Yeah, I'm dead. You know, I got my parents some nicer things and then I got my friend.

[A]

Hold on, hold on. I think I'm getting just with. I think I'm just getting with right now. What did you do two months ago? Because I don't know. Tell me you did something two months ago.

[B]

I went to another concert.

[A]

Okay, okay.

[C]

No, she's saying that's not what you.

[B]

Wait, hold on, I'm trying to look. See, I forget things. What did I Do? Two months ago you sold old stocks.

[C]

You owned with a previous company. Again.

[B]

Yeah, those. That was about $7,000 in stock.

[C]

What the is happening? Why? For why sake?

[B]

Why?

[C]

So you had almost $60,000 in retirement at one point?

[B]

Yes, and then I had the additional 7,000 in stocks.

[A]

Dude, why the did you sell it? Because again, you have $70,000 of debt. Why did you sell $7,000 worth of. Did the $7,000. The stocks. Did they go up in value before you sold them?

[B]

Yes.

[A]

Are you ready to pay taxes on them? Cuz that.

[B]

Well, that one I didn't think about.

[A]

Where'd you sell them from and what type of account? Like Robin Hood or.

[B]

No, it's through Fidelity.

[A]

Fidelity? What was it just an individual brokerage?

[B]

I really want to say so because it was an.

[A]

Was it an ira?

[B]

No.

[A]

Pull up your Fidelity app for me and bring up that moment. Bring up that monthly statement. Oh, whatever month that was. What the are we doing? And you used it to go to the concert?

[B]

Some of it, yes. Just to make sure I wouldn't like go over limit on my credit cards.

[C]

You're $70,000 in debt? Dude.

[B]

I'm sorry. I make noises when I think and process things out on my phone.

[A]

Okay, the individual has gone down her individual account to $21.

[B]

I don't know how there's still $21 in there, honestly. But I guess that can stay there for now.

[A]

Let's talk about student loans. I know it's something we all 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 the ability to repay. That is 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 co signer release program so your mom and dad can step off the hook. Why? Refi is known for their personal service. No faceless call centers. You get a dedicated rep who 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 student loans are burying you, it is time to reach out. Why Refi wants to help you climb out of debt, not push you further into it. Check them out at yrefi.com hammer that is yrefy.com hammer or call 889-733-9, 7, 8. That is 8, 8, 9, 7, 3, 3, 3, 9, 7, 8. Break free from the high interest trap and get your finances under control once and for all. From almost $60,000 to $21, ladies and gentlemen. What month did you pull out?

[B]

It should be July, I think.

[A]

Oh, that's such a time to sell. What did you do? I don't think you're gonna have capital gains because when you originally got in, oh, she invested about 9,000 and then she sold. When it went down to seven. You sold down.

[B]

I did.

[A]

And I highly doubt you're gonna tax harvest those losses.

[B]

No, that point, I really thought it was up. Maybe it was just up at the moment.

[A]

You can.

[B]

I'm not a. I'm not an investor day.

[A]

Maybe it's not about being an investor. You just have to look. It tells you. It just tells you.

[C]

It literally just tells you.

[B]

I. I've never, never exactly understood all the investment portions of it.

[C]

No, it just, it tells you that you're up or down. It just tells you.

[B]

Interesting.

[C]

Oh, sake, dude, what have you done over the sake of.

[A]

And then where'd the rest of it go? Use the concert. Okay, where'd the rest go?

[B]

Paid down cards that I racked up again.

[A]

Great. So. And then you apply to JG Wentworth.

[C]

JG Wentworth, huh? That's what we're replying to.

[B]

I don't know how it works. And again, I just wanted to see. To see if it might be a better way of figuring things out than just getting another loan to consolidate. Because, like, you know, they do say that you could like, maybe only pay like half of your debt, but I don't know how they do that. And if it was going to be like bankruptcy, I would be like, nah, that's not for me. I don't think so. I just wanted to see their processes and have a better understanding because I.

[A]

Don'T think it's so many times, though. You've done this so many times, but now you're actually just going to use debt to do it instead of pulling out from investing, it's going to be even worse.

[B]

Is it?

[A]

Consolidations are not bad. They are not bad. They're actually a really good tool.

[B]

Okay.

[C]

When you change your behavior, look what you've done every time you've consolidated in a way.

[B]

Yeah, every. And it's not even like I've consolidated just a few times. It's probably been since.

[A]

How many? How many?

[B]

I'm trying to think back because many possibly. I graduated in 15, so I got the first card in 16. So I probably started doing consolidations in 19, I think.

[A]

But how frequently? How frequently? If it's like one every four years, like then it's a couple, you know.

[B]

Probably, probably one every three years. Ish. Maybe 20, 19.

[A]

That would be two.

[B]

Oh, no, that's more than that. So how many has it been?

[C]

Just how many is it?

[B]

Probably. Probably four or five consolidations. Because sometimes I would pay off the consolidation a bit early too, but that'd be in order to get another consolidation.

[A]

Oh.

[B]

Every time, like I said, I try to get better and then I like fall short because I'm not good at the budgeting, if that's not obvious. And so it's like, you know, if I want to use like a budgeting spreadsheet sometimes, you know, everyone has different bills that they pay and I don't exactly understand how I can put my finances on that spreadsheet. So then I try to make my own and then you use a app.

[A]

Obviously I advocate for Dollar Wise, but.

[B]

But literally just I've tried like Rocket money.

[A]

Yeah.

[B]

And I think there's still certain cards that I couldn't connect. Right. And so I couldn't.

[A]

Well, listen, yes, a lot of them have issues. That's why we pay for the most premium third party services. So we can connect every single card. That's. That's why Dollar wise is, in my opinion the best. Is it the most convoluted like the other ones? No, but you can at least connect every single account. And after these big updates that we just did, it's fixed all bugs, by the way. So probably three weeks before you watch this video. So you should definitely download it and give it a try. Dollarwise.com but okay, just tell me, what do you think your financial score is? 0 to 10, 0 being the worst, 10 being the best.

[B]

I actually took your test right before applying.

[C]

Did you?

[B]

And I got a 0.65.

[C]

Oh yay.

[A]

Okay, so round it up to 1.

[C]

If you want to take that quiz.

[A]

Take the assessment, see where you're doing well, see where you need to improve. It is free@caleb hammer.com get your own hammer Financial score.

[C]

Make sure to download the Dollar Wise budgeting app.

[A]

It is my personal favorite budgeting app with lots of bugs fixes that have come out recently. It is top tier. It's incredible. Get your free trial. Sign up for the annual version if you want to save a lot of money. And if you do, I'll sign the budget friendly cookbook. That's only going to be around for a couple more months, then it's going away forever. And I'll mail directly to you. Check that [e-mail].

[B]

That was a little sad. I was just hoping you wouldn't break the book.

[A]

That one gets used and abused. It's. Okay, let's get into this. Okay, let's get into the numbers. Capital One Venture. What's. What's going on with this card?

[B]

So that was the card. So the Capital One, it started as a like normal or. I, I don't remember what it originated as, but I didn't earn many points on it.

[C]

Boring.

[B]

But then I got to the point that I was paying off the apartment every time because I would look directly at the apartment bill but I would forget my other bills that also came out like my electric and my, my Internet bill.

[A]

What a mess, buddy. You pay rent on Capital One Venture? Yeah, on Capital One Venture. The fees that you get for paying rent on this, there's like a 5% fee, 6% fee.

[B]

I forget about the fees.

[A]

Especially since get about the fee. It's monthly.

[B]

So many people. Well, the fees for the, for the, the rent, like charging it on a credit card. Okay.

[A]

Yeah.

[B]

So it's, it's become more commonplace now for more places to like charge you for using a credit card. So I kind of got used to it and I kind of overlook it now.

[A]

What is all for the points, for the sake of the points.

[B]

The points that don't get me anywhere right now because I've got like $200 in or 270 something dollars which means.

[A]

Nothing because you literally lose 127.82amonth on interest on this card alone.

[B]

That's where it's at now.

[C]

That's where it's at now. But you also lose who knows what.

[A]

For fees that are tacked onto your rent.

[B]

Yeah. Which I'd have to actually look at because it's usually.

[A]

What is it like 3, 4, 5, 6%? Depending probably.

[B]

Yeah, it's. Yeah.

[A]

You don't do it on a credit card except for like the built card. That's like the one thing the built. Not a sponsor. They should. But I don't know. The points are just free money to you. You're spending a. You're spending like $5 per $1 points. It's crazy.

[B]

Yeah. I think that, I think that's the craziest decision I had made on if.

[A]

You make your minimum payments only and you do not purchase which you're incapable of. Oh my goodness. $4,177 of purchases this last month on this car loan. I'm gonna die. Okay, cool. How long does this take to pay off?

[B]

I'm going to guess about five, six years.

[A]

26 years.

[B]

Oh, 26. If I only do the minimums. It's horrible. Okay.

[A]

Oh, yeah.

[B]

And that's just 52 for you. Yes.

[A]

Then, yay, we will have finally paid off a credit card. But. Except no, because there's no way you're not spending on it in 26 years with your record.

[B]

Yeah. And that was. It's kind of really stupid because that is the card that made me really want to apply for everything.

[C]

You're over the living by a thousand. What? What? 1,300. Oh.

[B]

Why?

[A]

What had happened?

[C]

Why?

[B]

What had happened was.

[C]

What had happened was you.

[B]

So I. Oh, like I said, I normally pay off. Exactly. At least my rent.

[C]

Yeah.

[B]

And so I. The rent was due earlier this month.

[A]

Shocker how that happens, right?

[B]

No, exactly. Paid or it declined. And so I was like, oh, okay, let me make sure the rest of the money is over.

[A]

Declined for what?

[B]

It was like a hundred dollars short.

[A]

It's your purchases.

[B]

Yeah.

[A]

$127 of interest accrued. $202 minimum payment. We are at $6,627.65. 26 years to pay off. You'll pay a total of 21,898.

[C]

Oh, goody.

[A]

Oh, that's great.

[B]

What's.

[C]

Papa you. Papa you. We're going and getting restaurants when.

[A]

Rent a car.

[C]

Rent a car.

[A]

What are you renting a car for?

[C]

Who are you Rented a car.

[A]

Why are you rented a car? Do you have a car? I think there's a car.

[B]

There is a car.

[A]

Why are you rented a car?

[B]

About a month ago, a month and a half ago, I did get in a car accident. Was not my fault.

[A]

Don't do that.

[B]

Hey, it was not my fault. They.

[A]

They are a woman.

[B]

They rear ended me.

[A]

Ladies and gentlemen, a financial audit. This is one of the most extreme, exciting moments in this channel's history. You know, I've been working on building all these educational tools, our budgeting app, all this crazy stuff over this past year, because that is where my passion is.

[C]

We finally did it and now we.

[A]

Put it all into one program called Dollar wise Central.

[C]

You get the premium version of my budgeting app.

[A]

You get the cookbook mailed to you and signed by me. You get to learn about debt, investing.

[C]

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[A]

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[C]

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[A]

And guess what? If you are struggling or you want to learn more or you want to change your life in any way whatsoever like literal tens of thousands of people have done with our programs, go to Dollarwise.com click that link below. Your life will change. It'll be incredible. And I am here for you with an incredible support team that you can reach at any time. This is a no brainer. Dollarwise.com let's get go.

[B]

Listen, buddy. They were behind me. I saw that there was a car coming, so I stopped and I waited. Okay? I stopped and I waited. This person thought I left because I had moved forward when I had seen the car and I stopped.

[A]

Okay, that sucks. I don't need the whole car crash story. It wasn't your fault anyways. Yes, you weren't. And that wasn't covered by your insurance.

[B]

So they had their own insurance. And that was a whole ordeal because it was my first time ever getting in an accident and I didn't. I didn't understand how it worked because of my first accident since like becoming an adult. Because yes, I had one previous one, but I was a lot younger and that one was my fault years ago. But anyways, the. The car rental place, it was covered by theirs up to a certain amount. And then they still. Because I wanted srs.

[A]

Okay, yes. It didn't cover it perfectly. You wanted a certain suv.

[B]

Well, they gave me an suv, but then it was the only SUV they had. And I. I don't understand how some of those things work just because I've never experienced it before. But anyway, I want you to understand.

[A]

How to finish the sentence.

[B]

Okay. It was like four extra dollars a day.

[A]

What is Studio 6?

[B]

Studio 6. Hold on. What was it? How much was the charge?

[A]

One was $34. 50. One was $50.

[C]

Studio 6.

[A]

Then we got some Petco in here. We got Chick fil A.

[C]

You don't know what Studio 6 is?

[A]

You're spending a dick ton.

[B]

I did.

[C]

Yeah.

[B]

How much was it?

[C]

There was two purchases total.

[A]

Texas BB Club, McDonald's. McDonald's going in and getting some. 1,389.

[B]

That's my apartment.

[A]

Oh, thank. That would be insane.

[C]

You know what's crazy?

[A]

You spent $4,177 down here. $1,389 of it was rent. Mean you. You blew 3,000 and whatever. There's parking, bull, park king, some gen thing, globe life. $140.

[B]

Oh, yeah, that was concert. Now half of that Was getting paid back by my friend.

[C]

What the concert?

[B]

The, the half of the, the purchase. Because that was when we bought T shirts. Which purchase the Globe Life.

[C]

Okay, great. That was $140 of the extra 3,000.

[A]

You spent on turn of rent on top of rent.

[B]

Oh, studio was the, the, the hotel. That's what Studio 6 was. Sorry that.

[C]

That.

[A]

This is insane spending and you're leaving out on 28.49 interest rate card.

[B]

Better interest than my other cards.

[A]

Is it 28? Really? That's usually like kind of where a lot of places are topped out now for average cards.

[C]

Listen, listen, here's the thing.

[B]

What the store cards are 30 something percent.

[A]

Well, you. Either way because you've had a late fee this year on this card.

[B]

I did. I think one. Right.

[A]

That's one on this card. Why? Thousand hours in interest.

[B]

I got to the point I had had all my things on autopay and then for some reason I was adjusting. I was trying to adjust how I was putting the money to the account so that I could pay a little bit extra.

[A]

Guy you make money for Houston, you're fine. You're in a great income position. Not like stellar. I'm not saying you're rich by any.

[C]

Means, but you're in a strong position if I do. Especially 20 fucking 7.

[B]

Yeah.

[C]

This makes no sense.

[B]

I, I family history of, of buying things.

[A]

Family history. Well, blame family history. What the are you talking about family history?

[B]

Well, I'm just like.

[A]

But I had foreclosure notices on my house growing up with this. That mean I should have foreclosure.

[C]

What the are you.

[B]

I just learned spending habits from the parents.

[A]

No, you learned that it was. And you see how it is. So you do different. What are you talking about?

[B]

Well, like, you know, sometimes my parents or my, my dad has things that he likes to buy. My mom has things that she likes to buy. You know, I, I never really went to many concerts as a kid. And so especially now being an adult with my own money, I like to go to the concerts so that I could have.

[A]

You know, you should be able to go to concerts. You should be able to afford concerts. In your situation, you just live well beyond your means. It's not even close. You spend at least 50% more than you should.

[C]

You would.

[A]

Dude, if you're starting you okay? Yeah. The poll in the 401k was stupid. Okay. That was dumb. That was stupid. I want to die hearing it. Okay, but here's the thing. Okay, good. So you paid off debt. You're starting fresh, making $4,300 a month net after taxes. Great. You were doing that fresh. Nothing saved, but also no debt.

[C]

Wonderful.

[A]

That alone, 50, 30, 20. You have substantial fun money to spend.

[C]

Substantial 4,000 things, huh?

[A]

That would have been $1,290 a month in fund money. I'm not saying you can't live. You should have been able to live, but you lived at $3,000 a month, $2,500 a month. Who knows? And you did that well. Awesome. Putting your wants higher than you needed to building your debts, which pushed up your minimum monthly payments, which.

[C]

And now you just can't afford to live. You can and should in fact be.

[A]

In a good position, but you're not. Because you.

[B]

I like buying merch and stuff, so.

[C]

And you can.

[A]

Your income.

[C]

You can.

[A]

You have substantial fun money to spend on a monthly basis, but you spend double, triple what you can. And now you're done. You're done.

[C]

You've been.

[B]

But there are so many things that I wanted then.

[A]

This year alone, you've lived three years worth of fun in terms of your spending. So that means you cannot live the next two years spending on fun. You've already lived it. You've already spent it. It's done. Now it needs to all go towards debt.

[C]

What?

[B]

I'm just thinking of the K Pop.

[A]

The K Pop.

[C]

There's always K Pop.

[A]

Except I mean, Korea is not really going to exist in about 75 years, so.

[C]

But I mean, you'll be fine.

[A]

You'll be fine. You're not going to be dancing at 100.

[B]

Well, no spinning around. But you know, there's. There's groups like BTS who are finally all back from military and like they have a concert next spring.

[A]

Ah, concert, dude. But it's again, the fact that you go to a concerts constantly and travel constantly and get the hotels constantly and get all the merch constantly. It's a bunch of over, over, over, overspend. Good concert next spring.

[C]

Wonderful.

[A]

That gives us a goal. A place to pay off a ton of debt.

[B]

Yeah, I guess.

[A]

How much is your BTS concert?

[B]

Oh, I don't know yet. They haven't really.

[A]

It's gonna be insane.

[B]

Oh, probably. There's a lot of fans.

[A]

Yes.

[B]

And ticket Asian twinks on stage. It's crazy.

[A]

Everyone loves them. Americans are obsessed. Yes. My girlfriend's a big K Pop fan. My. The second in command here, his wife is obsessed with K Pop. In fact, they've all been to Korea. This is just. This is like. I get it. I Get it? I get it.

[B]

That's a. That's an ultimate goal, too.

[A]

You have $10,000 of BTS merch in your apartment right now.

[B]

That's how much worth. Yeah.

[C]

That is crazy.

[A]

Okay, there is a way to go to BTS. Have you seen BTS live?

[B]

Yes, in 2021.

[A]

Good. Well, here's a way to go to BTS. Sell that. Put it towards that.

[B]

My thing is with the selling, it is. I get really concerned, at least for myself.

[A]

Yeah.

[B]

Well, no, not for. Not five foot four.

[A]

Getting is going to pull up and.

[B]

Well, no, no, no. It's the expectations that are around K Pop merch selling because, you know, a lot of people when they sell the photo cards, because think trading cards or whatever you want to think for that, but when they sell the photo cards, they're like, oh, here's like 5,000 stickers within. Here's this cute little case that goes with that. Like, I just. I don't know how to. I don't know how to get it shipped out.

[A]

Maybe there's a third party that does it and you lose 10%, but it's still worth it. And that gets you to being able to go to bts. I like bts. BTS is great. Go to bts. I want you to. We have to sacrifice. You've gone to bt. You've already spent your BTS money over the last couple of years. In order to get there, we have to make sacrifices. That means selling your 10,000 hours of BTS.

[B]

Yeah.

[A]

How many times have you seen BTS?

[B]

Twice.

[A]

Okay. It's not the end of the world if you don't make it, because you'll probably go see them again. Their military service is done. Right. So. Yeah, it's like, you'll be able to see them again in the future.

[B]

That's true.

[A]

Like, if you miss this one, it's not the end of the world for the sake of your entire life.

[B]

It's one of those more special ones. Because, like, the one that I went to was right after Covid. Right. And then this is right after.

[A]

Dude, I'm sorry, no offense. Like, just like Taylor Swift and Swifties, it will always be a special one. There will always be a reason why this is a special one.

[B]

Debatable.

[A]

Come on. No, no, no. You will always cope.

[B]

This isn't special this year. This year, like, last year I went to 17 and that another K Pop group. Last year I went to 17 because it was their year before everyone was breaking out in the military. But this year, you know, they're coming back through. My friends are like, hey, you want to buy tickets? And I was like, nah, I just. I can't this year because I already knew. I already said no.

[A]

I get it. The. The K pop girly that starred in season three of the White Lotus is one of the hottest women ever invented in the history of humanity. I get it. I'd pay a lot of money, too, but I can afford it. You can't. I mean, that's just the reality. There is a mathematical factor here.

[B]

I don't always like the math, but.

[A]

You know, you like the math.

[B]

Sometimes I don't like.

[A]

But you like K Pop. Pretend you're Asian. You love the math.

[C]

No.

[B]

What's. What's the next one? This is probably the first time I'm really looking at my statements in a while.

[A]

I bet that's all. That one was over. Maxed out by a lot.

[B]

Yeah.

[C]

Apple card.

[A]

What's going on with the Apple card? Okay, let's be honest. Waiting for payday feels like watching paint dry on your last dollar. But with Step's new early pay feature, you don't have to wait. Step is the all in one money app that helps you build credit, earn cash back, grow your savings, and borrow cash before payday without the mess. With EarlyPay, you can get access to up to $250 before payday and bridge the gap for when life happens. No interest, no hidden fees, just your money when you need it. Choose how much you want to borrow, and Step takes care of the rest by automatically paying it back when your paycheck hits. It's basically payday, but on your schedule. And whether you're covering rent, need gas money, or decide last minute to see your favorite band live, Step's got you covered. Download the Step app today and take control of your money your way. Because life doesn't wait for payday. And now neither do you. Let's get back to the show.

[B]

That one became a quick spin because it's on my phone and it's just tap.

[A]

Yeah. Great business model.

[B]

That's where I bought my tickets and my friend's tickets, so she's paying me for that. I think she's almost done paying me for that. I'm not good at always tracking it, but she is. She has it. She pays me, like, every two weeks for it. But I also use that to buy all my other tickets previously. You know, I bought my mom tickets for Lauren Daigle.

[A]

Would you call me?

[B]

I didn't call you anything. I said Lauren Dagel.

[A]

Dagel.

[B]

Yeah, okay. But that was like a year ago.

[A]

Sorry. You. You kind of. Your words flow into I. I ramble. I just can't hear you after about one sentence.

[B]

Oh, okay.

[A]

I don't know what it is.

[B]

Okay.

[A]

I don't know if it's your fault or my fault.

[B]

Am I boring?

[A]

No, it just. They just. They keep going.

[B]

Yeah. Like I said, I ramble. I. I'm a. I'm a rambler.

[A]

You're a rambler. That's okay.

[B]

Sometimes it's good and sometimes it's not. It's probably what I also do with my finances. I ramble on with myself.

[A]

A boyfriend? No, I would suggest it's not good then.

[B]

Okay. There's probably a lot of reasons, but. Yeah, no, I mean, we gotta fix a few things first. I don't. I don't really want to focus on dating life when I need a focus on.

[A]

Well, I assume you're waiting for.

[B]

Oh.

[A]

Jin.

[B]

But he is actually my favorite from bts.

[A]

Yeah, mine too.

[B]

Oh, really? What do you know about him?

[A]

No, I'm a Jimin kind of guy.

[B]

Oh, Jimin.

[A]

Jim. And I'm a Jimin kind of guy.

[B]

He is a very pretty boy too.

[C]

He's a pretty boy.

[A]

They're all pretty boys.

[B]

He's got a lot. Jy. Jin has the more recent songs. Jimin recently got out of military. J.Y. got out first. But yeah, Jim's Jimin's music is very.

[A]

I think we almost dropped the nuke for them back then. We didn't.

[B]

No, we didn't. Thank God.

[A]

We almost did. For them.

[B]

For them. But nukes are bad, so at least they stop worse. But they're still bad. Although all the aftermath.

[A]

Well, it looks like you were at work because you went to Sabaro.

[B]

Yeah.

[A]

Yeah, you did. Vending machine Vending machine Doce Cannoli Vending machine Vending machine Freddy's Monster Mini Golf. We're definitely not on a day with Jim in there, are we?

[B]

No, that was. That was an outing with friends. I. I do have vending machine.

[A]

I like grow therapy. $184 growth.

[B]

Oh, yeah. After the wreck, I kind of went into it got me very, very anxious, so I actually went to see a doctor. No.

[A]

What's grow therapy? Oh, it's just therapy.

[B]

Yeah, therapy.

[A]

I was thinking growing. No, that's the word I was set on.

[B]

I think that stuff is disgusting. Yeah, very smelly disgusting. Okay, thank you anyways. But yeah, actual therapy.

[A]

Revolving Disney plus Vending machine Chick fil. A Chick fil. A Vending machine. Houston. Vending machine. Vending machine. Papayo therapy again. I'm okay with the therapy. I don't like that it's on a card that's probably back south. That's a Korean interest. But Shakura, Japan. Cheating on your Koreans. Vending machine. Chipotle. Microsoft. Microsoft.

[B]

I gotta remember what Microsoft ones were for. I think I'm trying to take some, like, online classes for Microsoft.

[A]

Chick Fil A. Because you're endlessly going to Chick Fil. Actually, they're a very conservative culture, so maybe they do.

[B]

It's possible. I do call it the Large Chicken. I mean, it's great, especially when you're stressed.

[A]

I don't know if they're religious, but they're very socially conservative over there. And the Western Eastern nations.

[B]

That is true. But yeah.

[A]

Yeah. That was over $1,000 of purchase, by the way. Pretty much all bullshit except for the therapy, which accounted for maybe 250. The thousand. So a quarter.

[B]

Yeah.

[A]

Okay, great. That's Wonderful. At a 26.24 interest rate. $74.80 of interest grew that month alone. It's gonna be hundreds of dollars by year end. Year end already a thousand on the last car. So we're gonna be like, what, by end of year? Almost a thousand. 2,750 on both these cards combined. For what?

[B]

For Chick Fil A and Coca Cola.

[A]

Chick Fil A last night. I love Chick Fil A. I'm a f. Yummy, yummy.

[B]

Um, yeah, but I can afford it. I thought I could afford it.

[A]

Really?

[B]

Yeah. That's the only reason I would actually.

[C]

Wait.

[A]

How do you think you could afford that? You knew your debts were not being paid off.

[B]

Um, because.

[A]

How did you think you could afford that? Please. I would like to hear that.

[B]

Remember how I sold my stocks?

[A]

Huh?

[B]

Remember how I sold my stocks? I thought I could afford no stocks.

[A]

Okay. Yes, but you thought you had more.

[B]

I thought I still had some more money from that.

[A]

Where?

[B]

In one of my bank accounts. I think I tried to oversimplify. And I over confuzzled myself with the different accounts that I have because I have two checkings and two savings.

[A]

Why? Why are you over complicating this thing?

[B]

Sometimes I feel like if I separate it out, it makes it easier. And I'm realizing now that I over complic. So I'm trying to go back to simplify, but I don't know how to go about probably closing one of those without. I don't know if it affects you badly. If you close a bank account Because.

[A]

I've always heard a bank account like. No, close a bank account.

[B]

You can close a bank account.

[A]

A bank account or talking credit card or. Bank account.

[B]

Bank account.

[A]

Close it.

[C]

Yes. Who gives a.

[A]

No, no, no, no, no, no, no, no, nothing. You should close your credit cards because you can't be trusted to have credit cards. I'll get you access to the FIZ card, debit card. That builds credit. That's fine. I'd use that also get you a course career certification, but honestly I have a pretty good career path right now, so. But maybe you can get that to someone in your life. A lot of people have used that in the show to update their resumes, get better jobs and higher pay. Highly recommend. But okay, yeah, this Wells Fargo you is. This is insane.

[C]

This is the biggest balance yet. And I'm 3 in $8014.04.

[A]

Minimum monthly payment of 2 10. These are stacking and you're over the limit.

[C]

You're over the limit.

[B]

That's only because the interest.

[A]

No, is that because the interest? Is that because the interest.

[C]

That is not how that works. That is not how that works. That's not how that works.

[B]

I mean obviously I spent to get.

[C]

There, but that's not how that works. If you are just making your minimum monthly payment.

[A]

The interest is. The minimum payment is always going to be high enough that it will still technically go down after interest. The only way for the interest to push it above the balance is after you make your minimum due payment. You immediately purchase money up to the.

[C]

Max and then the interest shocker pushes it above. That is the only way that works.

[A]

That is the only way that works. 22 years to pay this one off. 22 years. What are we doing minimum payments only without purchasing it. Oh, oh, we purchased. Because you purchased $857 just this month. Well, $129 of interest accrued.

[B]

So $700 worth of purchases. Or is that 857?

[C]

Sure.

[A]

Where'd you hear 700 from?

[B]

Well, you said that was. Or you said the interest. So the interest. So that'll be like 929.

[A]

Hey, you were.

[C]

You started over the limit any way anyway.

[A]

You're just an over limit.

[C]

The girl. You're just over the limit, girly. That's all you are.

[B]

I get to a point where I try and then they just. I.

[A]

And then you give up immediately. Thousand hours in interest this year so far almost. So we're gonna be like 2,700 by the end of year. You're almost. You know, that's a half a month pay. Half the hours you worked last month is already gone.

[C]

Already gone. In interest.

[A]

Dairy Queen. We're doing the. You know, I'm eating a lot of Dairy Queen after this. Our Hammer Elite show. Because we three. We post three premium shows every single day. Monday through Friday. We're doing a taste and valuing the entire Dairy Queen menu. I'm very excited.

[C]

Tractor supply.

[B]

Tractor supplies for my dog. That's dog food.

[A]

Interesting. McDonald's, Petco. It's not dog food.

[B]

That was probably for a bath and a nail trim.

[A]

Put him in your bath. Cut his nails. Geronimo adventure park. $234.

[B]

That was an outing with my mom.

[A]

Your mom. She can pay for.

[B]

No, she's. My mom is nice. I wanted to take her.

[D]

She can pay for it.

[A]

You believe you put. No, no. You're over the maxed out. I want you to do it as well. You're over maxed out. That's impossible. You cannot. You're destroying your life. You're destroying your life. I want you to. There is nothing in here that I do not want you to do.

[B]

Yeah.

[A]

You cannot do it because you've destroyed your finances.

[B]

I just. Yeah, I. I mean I get that. But like I always. I'm one of those people. It's like love is a great.

[A]

Ballet. Restaurant, bakery, cafe. Going in and getting some bullshit.

[B]

I like food, but sniff spot is also for my dog.

[A]

Is that $20?

[B]

So basically it's like you rent people. Because I live in an apartment. So you like rent somebody's backyard for like an hour or two at a time. And I had. Only I had.

[C]

Dog parks are free and they're everywhere. And you're in the fourth most populated.

[A]

City in the country.

[B]

I also want to be able to go swimming in clean water and not gross water because the water at the dog parks are gross. But I only meant to do it the once and then the subscription like automatically hid in and I wasn't able to cancel it. I did cancel that one a week ago.

[A]

$783.00 $84.16. 100 is accruing at 20% interest.

[B]

100 something of that is also for my dog's care credit. Not care credit. Care club.

[A]

Okay. Is that your insurance?

[B]

That's through her vet. And basically it split up all her shots and her spay. Cause I got her a spayed. Responsible dog owner on that part got her spayed. So they split it up over the first year so that all your shots and you can have unlimited.

[A]

Okay.

[B]

Yeah. Thanks.

[A]

Affirm. Anyways, what the going on with Affirm?

[B]

I bought a Samsung watch that I'm not currently wearing because I forgot it today.

[A]

Why?

[B]

Because I like tracking my steps. And it has, it has, it has.

[A]

Better get a little Fitbit, dude.

[B]

I was supposed to also return the old watch so that I could get a credit.

[A]

The fact is, with your income, this is a $240 purchase.

[B]

Yeah.

[A]

There's remaining $182.66.

[C]

You can get that on your income when you're not in this position, but you've just allowed yourself to get completely.

[A]

You're just.

[C]

You're done, man. You're done.

[B]

I just, I keep thinking that I have the money.

[A]

How, how, how do you think that, though? How do you think?

[B]

A lot of times I just go, there you go. There's. There's the. There's the card.

[A]

You know, that's you thinking you have money when you say. Because you can say, here you go. Here's the card. That doesn't make sense. Please explain that.

[B]

Well, like I said, I. This is probably my first time looking at the statements in probably six months.

[A]

With all last six months, you just put your head down, didn't even give. You just thought you had money.

[B]

I would. Well, I mean, I looked at the statement balance and, you know, I paid a little bit more than the minimum, mostly every month, but then I would charge it back up.

[A]

So the minimum payment is $121.122amonth. So, I mean, it'll be paid off quick. But.

[C]

This is so stupid.

[A]

This is just so stupid. Oh, the Samsung watch, I guess it was $340.

[B]

Yeah.

[A]

Even still, in your income situation, you can do that, but not when you're like this. You the whole thing up, meaning you cannot actually live the life that your income usually is able to provide. You can't.

[B]

Yeah, I guess that happened.

[A]

If you just stick your head down for six months and don't even look at what's happening. You're like, I have money.

[C]

No, you don't.

[B]

It's one of those things. It's like I hadn't affirmed for a while. And so I finally was like, I haven't affirmed for a while. So let me affirm this because then I can afford it. Because, you know, it's the $60 payments instead of, you know, $240 at once.

[A]

Or the close affirm. You can't have access to this. You're abusing it. You do not understand just the consequences. Your minimum payments are stacking immensely. And it's going to make your entire life unaffordable. It's why you can't do things. It's why you feel the pinch. Why you feel like your income is not stretching as far as it should because your minimum payments are already up to. What is that? 600, $650. And we're not done.

[C]

We're not done. When I last have $70,000 of debt.

[A]

And we have not got there yet, I'll tell you that. Not even half?

[B]

No, Because I remember time which was like three weeks ago that I was like, oh, how much, how much money do I even have per month after all these minimum payments? It was like $300 to spend on food and gas.

[A]

So you think you can go get a 350 hour watch, huh?

[B]

Yep.

[A]

Okay. Macy's. Wonderful, right? At the mall.

[B]

Exactly. I work in the mall. So it's. I didn't open it till last Christmas and that's when I bought all the Christmas presents. And then you know, I know all the sales that are over there.

[A]

So I thought you used the 401k bull for that. The 5000 left from the 401k.

[B]

I bought it on the card so I could get the additional discounts. And then I paid off the card.

[C]

Oh.

[A]

$232.60 on here with a $68.55 minimum payment, $30 of fees charged, $5.55 of interest and $65 of purchases. This went up.

[C]

This is fucking doubled. It more than doubled it doubled. You had a late fee? You had a late fee?

[B]

Yeah, they had to call me on that one register.

[A]

Candy. You got candy? Registered Levi's, dresses, merchandise.

[B]

I had to dress up for work.

[A]

You had to dress up. That's why we got candy and merch. What the are we talking about?

[B]

Well, the candies. Because I need sweet treats every now and then but, but the actual clothing, I mean, you know, work, sometimes you just, you get over stressed in I.

[C]

Budget what I'm allowed to do.

[B]

But sometimes you just like need a quick sweet treat. You don't need.

[A]

You want. You need to know the difference between need and want.

[B]

I, yeah, but like I trying to get a little bit better. So instead of trying to get a.

[A]

Little better, that's why we have a late fee.

[B]

Buying instead of buying candy at the.

[A]

Register instead of 34 interest rate. What you got a big what?

[B]

I got a bigger bag of M M's so I could just. Yeah, but you might just over the next like you might just just Good.

[A]

You know, just follow them all, huh?

[B]

I'm not that crazy.

[A]

I don't know. Well, of course I love candy. I'm like, candy's wonderful. The bigger bag I get, the more candy I eat. Cause there's more candy.

[B]

Not when you forget about it in your. Your, like, little cabinet.

[A]

You're stepping in sweet treats. You know what you forget about? Paying on time at a 34% interest rate card.

[B]

I think it's only on two cards. But yeah, they. I think they recently increased that percentage.

[A]

So, I mean, this makes no sense. I mean, Lindsay's telling me you buy lunch at the mall every single day. Yeah, we're stopping for sweet treats. That is your sweet treat. Why do you need an additional sweet treat on top of your sweet treat? On top of your sweet treat?

[C]

It's all you're getting.

[A]

Your sweet treats. Your entire life is a swee treat. You've lost $1.5 million for sweet treats. $1.5 million for sweet Treats.

[B]

Yeah, but. Yeah, I mean, there's no guarantee I'm going to live that long.

[A]

No, but there's a guarantee that you had two late fees this year so far on this card. 2, 2, 2, 2. And also here's the fact. More sweet treats. You're right. Less likelihood you're going to live that long.

[C]

2.

[A]

Statistical reality, as a human, as a woman human, especially in the United States.

[C]

You are going to live into at.

[A]

Least your upper 70s. Right? So let's best on this. Let's bet on the statistical likelihood and make this sacrifice. That isn't that much right now because you have a strong income to live a decent life and prepare for that time.

[C]

Prepare for that time. Okay.

[A]

Yeah.

[C]

And if you do sacrifice and then you die tomorrow, you won't even know.

[A]

You sacrifice and you won't regret it because you're dead.

[C]

So it doesn't matter. I got.

[B]

I mean, you got a point there.

[A]

Oh, this is crazy. Is this.

[B]

What am I seeing here, Klarna?

[A]

What do I see?

[C]

TikTok.

[A]

Why is there a TikTok logo right in front of me?

[B]

That is my only TikTok purchase ever.

[A]

And it was of $120.

[B]

$120 of what? It was a certain edition of a Bible that I thought was on TikTok. Yeah, it was cheaper to get it on TikTok than it was to get it on their actual website, so I figured that was.

[A]

Does the Bible approve of K Pop?

[B]

That's something on why I'm reading the Bible right now.

[A]

So to learn if There's a K Pop passage.

[B]

No, just I trying to get back into church a little bit more. And so that was one of my. I need.

[A]

I need Youth service is K Pop.

[B]

You know, some places actually already do it.

[A]

Exactly. Because you got it. They cater to the youngs.

[B]

Yes.

[A]

They listen. When I was young and my grandparents, they dragged me to that Sunday, it was just like, oh, man, here's youthful music. Youthful music now is like K Pop.

[B]

Yeah. There's actually a new person that is Christian singing, like K Pop stuff, but it's Christian songs. I thought that was cool. But yeah. Anyways, that's a Bible, which I think is one of my. I consider it more necessary. But I probably definitely could have gone to the first.

[C]

Yeah, you could have gotten.

[A]

You could have got a free one. Walking down an avenue anywhere. Go to a college campus. They hand them all like candy. There's people that won't leave you alone on the corner.

[B]

Those people are weird and scary.

[A]

Yes. But it's free. Scary. I don't know. But it's free.

[B]

Yeah. Houston, I know this is awesome, but still, Houston, go to the nice part of Houston.

[A]

There's Rich Houston everywhere. Don't go to ghetto Houston.

[C]

Go to Rich Houston.

[B]

Okay. But, yeah, I don't know Rich Houston certain areas. And that's a drive as well. So. I still love the K Pop. I still love the K Pop.

[A]

Yeah, K pop's great.

[C]

Yeah.

[A]

Yeah. There's not much music I don't like. Why do I destroy my life for it?

[B]

No, I wouldn't say I completely destroyed my life for it, but. How would you define this one more time? How would you define this in a bad spot?

[A]

Hi, listen here, Financial Audit. I've curated the exact resources and tools I personally use or would use if I was in certain situations. So take advantage of these offers in the resources section in the description below. The first one, I've moved my investments to webull. Do the same and transfer to my investing app of choice. And you get cash bonuses of $200 all the way up to $30,000, depending on initial funding amount, and up to.

[C]

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[A]

To 3.5 matches for your Iraq. And then number two, a great new checking account that I've switched over from SoFi and it's called Chime. Get that $550 bonus when you sign up with direct deposit and get almost 4% on your money just sitting there. And then three, automate your investing with acorns. Usually sign up incentives are only five bucks but you get $20 with my link number. Four, you can increase your income and boost your resume with a course career certification. Five, if T mobile is good in your area, switch to helium. Get a literal zero dol dollar a month phone plan for the same exact service. But most importantly, go get your free Hammer Financial score and see where you stand in the world of finances. Take the [e-mail] you will not regret any of these. Change your life today. $3,576.08 so on this card with a minimum payment of $117 oh Amazon Chase card. The is going on with this card. Yeah. You spent $157 15 years to pay off $81.53 of interest accrued. And yeah, it's. It's a couple bucks for maxed out. What is going on here?

[B]

That one. I usually also use that one for going to restaurants because you get five times the points on those. But then no, no, no on this card.

[A]

Five times the points at Whole Foods and Amazon.

[B]

No, I think I got at restaurants.

[A]

I have this card.

[B]

I think there was maybe a month then that it did that because I remember going to like, like I went to a few and it was like, oh, that's a weird amount of points. And I looked into it. This is a few months ago now. I thought it was Amazon.

[A]

Amazon, Cheddar's, Domino's, Dairy Queen and a vending machine.

[C]

You've had two late fees this year so far and 500 adventures.

[A]

Yeah. You're gonna lose an entire month's worth of income by a year's end. Pull up your Amazon and start a screen recording. Because it's Android. I don't know how to got Amazon Samsung. Big K pop fan. She loves Korea.

[B]

I do.

[A]

She loves Korea. She's going full like choose one of the three oligarchs there and she. She chose the Samsung family.

[B]

Where's my screen record? Hey, I love my Samsung Samsung family.

[A]

Do not come after me. I love your products. I have one of your TVs at home. I am not making fun of you. I know you are powerful and very scary.

[B]

So the, the previous orders. Yes.

[A]

If your phone had iOS I would use it. If it connected to my iPad, I would use it.

[B]

Sister repurchase. Okay.

[A]

Very good TVs.

[B]

My only very recent one was the only one that's like right there is actually a bible for somebody else. Two you need double that was for someone else.

[A]

Does that double your chances you are hiv Aladdin Post death.

[B]

Huh? Post death. No, again, that one, that one was for somebody else. It's a, it's a different version with different print. No, I think the most recent purchases were for my dog. One being like Benadryl because she had gotten sick. Yeah, okay. See Simpirica Trio for my dog. The Benadryl was for my dog. And then necessities. That, that's where I get some of my necessities.

[A]

It's not bad.

[B]

No, not, not to be.

[A]

$3,000 card was bad and your two late payments this year so far were bad. Oh, let me stop this and reminder. We do like Samsung here. Samsung. If you were hearing this Mr. And Mrs. Samsung.

[B]

You like them? I like them.

[A]

I like like still being alive.

[B]

Yes.

[A]

I like your company. I have your electronics.

[B]

What's. What's the difference? Bezos. Oh wait, no, I'm thinking, I'm thinking Amazon.

[A]

That is not a Korean last name. Bezos.

[B]

No, it is not. It is not.

[A]

At least you're passed on your Best Buy card. This makes no sense. You owe 72.17 yet you're past due.

[C]

For what possible reason? It's a $60 payment. This is so moronic. Fees.

[A]

Interesting.

[C]

You had $42 on there and then you were late and then fees hit.

[A]

And then interest it. So when reminder we like Samsung.

[B]

When I made a purchase on Amazon like on Amazon, I forgot that card was linked and so I hadn't spent on it in almost a year.

[A]

Usually when I spend on my Best Buy card it is on a Samsung product.

[B]

It at Best Buy probably or just anywhere.

[A]

That's what I was saying.

[B]

Yeah, but yeah, so it went through Amazon. I didn't realize that one got charged and because I haven't used it in so long, I didn't realize that there was a money due on it.

[A]

Sam's Club.

[B]

Sam's Club. That card made me mad.

[A]

Why?

[B]

So you don't own anything.

[A]

There's nothing to even write down here.

[B]

I mean you paid this off so. Well, it was at a thousand dollar limit and then they recently dropped it.

[A]

To 250 because you're not trustworthy.

[B]

Yeah, they for some reason thought but when I was paying off the card earlier this year that it was a scam for some reason I had to call them.

[A]

About 60 of your purchases on this year so far looks like about gas but the rest has been just going out. And yeah, in terms of the category that it lays out and I mean I. Sam's again. Sam's is good. I like Sam's Late costco they both. Both places sell Samsung products, so I really like them. And. But you went and got Chick Fil.

[B]

A. I did get Chick Fil A on that card. Not. Not much. I. I actually like, forgot about this card too. Until I remembered about it.

[A]

A leafy.

[B]

A late fee on the Sam's.

[C]

Yes.

[B]

I don't remember that one.

[C]

What the are you doing? This is so ridiculous. Chick Fil A late fee and then.

[A]

You pay it off. This.

[C]

We are just bull.

[A]

You're just losing money. You're not a credit card person. Close all your credit cards. You cannot be trusted with a credit card to save your life.

[B]

So. But if I, like, if that's an actual option. Again, learning things here.

[A]

Yes, it's an option. Close it.

[B]

Well, like, how do you close it and then pay it? Like, that's just how they work.

[A]

Contact them, go to the website, call them, do what you got to do.

[B]

And then, who knows?

[A]

Take away the tool that is damaging you. You cannot manage it. Worth.

[B]

That's better than locking them away in my apartment, huh? Because I tried to do that for a while.

[A]

That won't work, buddy. You can put things on your phone, you can order a new copy. It's just. It doesn't work.

[B]

Yeah, I've done that.

[A]

Yeah. No, not surprised at all. Okay. Care credit. Care 71 balance.

[C]

Oh, you even passed through $2 and 10 cents. $2.

[B]

I don't know how the $2 were charged.

[A]

You went from $60,000 saved in retirement well beyond anyone your age, by the way.

[C]

That's like the savings rate for retirement.

[A]

For someone like a decade and a half older than you at that time, by the way. Maybe even two decades. Like, it's crazy.

[C]

You're doing so well to being past due on $2.21. What a joke.

[B]

That's another one I didn't realize had any money spent on it. Care.

[A]

Stupid Cents is what's owed you purchase 67.20. You owe $32.21 for your minimum.

[C]

What a. This is so stupid. It's so stupid.

[A]

Yeah, you've had many feasts here so far in interest. You're just. You're. You're. You're behind constantly. It's at a 34 interest rate. And yeah, obviously it's a vet thing, but what the.

[B]

I just pay. I blame. I blame the user interface on that one.

[A]

Blame you being a dude. This is. You just have to click a couple buttons.

[B]

Not be your child, not whenever. So every time on their app, at least.

[A]

Hey, I'm Gonna let you know, compared to a lot of people, you're not a complete idiot who's come on the show. And yet even them who I've met some of the dumbest people I've ever met in my life on their show. And they pay their care credit payments because everyone has care credit. This is. You're being stupid.

[B]

Doesn't let me log.

[A]

You're being stupid. Shut your beans. Call them. Set up auto pay.

[B]

This is extra fees.

[C]

Set up auto pay.

[B]

I probably should.

[C]

Oh, you probably should.

[A]

I would suggest so.

[C]

Ah, okay.

[A]

What is one main financial. What's going on with this? We got $4,997 of something.

[B]

Is that the one that was from November?

[C]

I don't know anything.

[B]

No, I have two. One was for dental and one was, I think a consolidation.

[A]

Are they the same amount?

[B]

One was about 5,000. I think the 5,000 is. Is the dental. So that one should be the one last year.

[A]

Okay. What did you break?

[B]

Huh?

[A]

Did you break? That's a lot of dental work.

[B]

Well, yes, I. I'm a ginger. All your sweet treats, probably.

[A]

What do you mean you're a ginger? Lindsay has good teeth. Clara has good teeth. What are you talking about? I'm surrounded by gingers. I don't have a choice.

[B]

So this is an actual. That's funny. This is an actual thing like gingers have a harder time at the. The dentist because of all the pain, and they're not always the best. And so when I was a kid, I was traumatized, and so I didn't go to the dentist for a very long time once I became an adult. But I found a good dentist and they fixed a lot of things. Obviously.

[A]

Is you alone. This shouldn't be a major issue with your income again, but because of everything you did. It was a major issue because if.

[B]

That was the only payment.

[A]

28%. You took this at the same time you took out the 401k though that one?

[B]

Yeah.

[C]

What the.

[A]

That would have cash flowed.

[B]

That would have probably been a better option.

[C]

But now you're at a 21.8% rate. What. What's.

[B]

Yeah, I was just trying to be really sure that everything was covered correctly. And breaking it up in payments was easier at the time.

[A]

This goes to the end of the decade. $163.65 minimum payment. $4,997.44 is. Is owed.

[C]

Why are your teeth good now?

[B]

Better.

[A]

You need more?

[B]

A little bit. It's more for the gums. It's maintenance, periodontal so I'm like preventing that so by going back for more. But I think that's the dental one. This is the one for. This was the one for just making sure that more things were consolidated properly.

[A]

So the last one was the consolidation.

[B]

Yeah.

[A]

Okay, now we're on the dental.

[B]

Yeah, that one's. I can't remember which.

[A]

Clearly your five consolidations have never worked in the history of ever. Buddy, I don't know the principle on this. What's owed left on this? Because I have. Your minimum payment is 147.24. But what's the balance?

[B]

The. Let me find out if it's not on there. Give me a second.

[A]

It must be substantial because a lot is going to interest. I need to know the interest rate too. This is crazy.

[B]

One main. And that one weirds me out too, because. Okay, outstanding. This is for the one that's 1:47.

[A]

Yeah.

[B]

So outstanding. Principal, as of my most recent email. Oh, okay. Yesterday was $4,283.

[A]

What's your interest rate? 480. Well, I'm sorry.

[B]

4,000. $4,283.14.

[A]

Okay.

[B]

This one doesn't say the interest. I'd have to log in.

[A]

I can calculate it. I can calculate it.

[B]

Okay. The math. I wish I could do.

[A]

Yeah, it's about 25. So your dental work is 25. That's insane. Then your consolidation was like 20% wild. Absolutely wild. All while doing it at the same. The dental one. That one at the same time of your 401k withdrawal with fees and taxes. Okay. We have a car. Super. Your les. That explains the lack of makeup.

[B]

Oh, hold on. No, I'm not lesbian.

[A]

Oh, why. Why are you insulted by that? Because you're homophobic.

[B]

No, I'm not homophobic. I'm just straight. So I just. I'm like. No, I. I understand. Like, that's a. That's a whole thing.

[A]

Such insulting. We love lesbians. We love the gays. We love everyone.

[B]

I'm not. I'm not saying anything.

[A]

We love the K pop. We love the African Americans. Some would just call them Americans. But no, I just.

[B]

I don't like being construed as something that I'm not. I am not a lesbian. I am. I'm very straight.

[A]

Very defensive about this lesbianism.

[B]

I don't think I am.

[A]

But anyway, I'm just with you. You're taking so seriously. Okay. You got a super.

[B]

I don't know. That's. That's the thing I say. Anyways.

[A]

Making up our Own language.

[B]

Sometimes. Sometimes. It's fun.

[A]

Is that a ginger thing or a lesbian thing? It is $30,892. You're denying that you're a ginger too. Now I can really take your word on everything. 30892.75 is owed on this Subaru Outback.

[B]

Yes.

[A]

Am I gonna see a U haul purchase in your checking account?

[B]

No, Definitely not.

[A]

U haul 769.79. Can we get Aaron in here real quick? All right, come on. Come on over here. Ms. Aaron. Right here. Okay. Just confirmation a resident lesbian. Don't say anything. I need a lesbian score. 0 to 10. 0 being the straightest you've ever met. 10 being the gayest you've ever met. Okay.

[B]

Just on appearance.

[A]

Oh, yes. Just there. Super outback as well. $30,000 out on it.

[B]

Okay, well, that was the giveaway there.

[A]

Because right now it's, like, looking more K pop. Big in the K pop. That's kind of gay.

[B]

My girlfriend's really into K pop. I'm gonna go with a seven out of ten.

[A]

Well done.

[B]

Actual zero, but okay.

[A]

Yeah, she buys bibles, like hobbies, so.

[B]

That also kind of gay to me.

[A]

All right. Thank you, Aaron. Anyway, thank you. That's the. The lesbian assessment score. Okay. @caleb hammer.com floor forward slash les. You can take your score.

[B]

Goodness gracious.

[A]

Well, it's at a 6% interest rate. It's not the worst. It is a depreciating asset. What do you think this car is worth?

[B]

It's probably worth. I think the last time I saw, like, 27. 25.

[A]

Yeah, we're seeing about 28. Private sale trading would probably be closer to about 25, so. I know, but the 769 payments. What's insane, $30,892.75 owed on it. That's crazy.

[B]

And what's annoying to me is I had put 10,000 down on that one.

[A]

Welcome to depreciating assets. I mean, I'm sorry. I mean, this car might be a little over where I'd want you for your. Certainly way over where I want you for where you are with your debt, of course. But actually, with your income, I'd be okay. That 2530 range. But you still. You owed your parents $5,000 for a previous car.

[B]

So. Okay, it was I. And this is years ago. I had pulled my. I had pulled my dad's truck into the driveway, and in doing so, I hit the mailbox and scraped up the entire side. This was at middle of the night, scraped up the entire.

[C]

He's hitting things.

[A]

This person that is totally never at fault.

[B]

So basically I had been paying my dad for the repairs to his truck. But when I went into purchasing this car after my previous car went down, he said, hey, if you buy this car that I know is better because your mom also has it. And they had done all the research on it back then.

[A]

Yeah, back. Your mother's a lesbian.

[B]

She's married to a man.

[A]

That doesn't mean anything.

[B]

They. My dad said, I'll forgive you for this $5,000 you owe to me if you get to this car that I know would be better for you in your future.

[A]

Okay, well, student loans for what? Did you get a degree? Nope, I don't think so. Yeah, not with how much because it's $8678.32 median in this country is closer to about 40,000 even for dropouts as well, including myself. $72.34 is your minimum monthly.

[B]

Yeah, I got it on the. It's on the one that it will scale up later in my life.

[A]

I don't really like that I would get on the traditional way you can.

[B]

I. I had used to be paying the traditional which was about 112amonth.

[A]

Yep, that sounds right.

[B]

And then I redid it when I was trying to.

[A]

I don't know because that. That that scale up's gon probably. But this gives you the opportunity now to pay down the debt before it you.

[B]

That's true.

[A]

Okay. Checking account. $108. So that's all your debt. We got your debt.

[B]

We got my debt.

[A]

Good. You're selling out money. Selling out money.

[B]

Selling out to who? If it's.

[A]

I don't know. We black on names. Well, well.

[B]

Oh yeah. Okay. Yes. There was one Zell that was savings.

[A]

Account went down from a thousand 695 to 12. What's going on?

[B]

So that's where I always put the money that would go to my rent. My paycheck aut puts into there so that I don't touch it until I try to pay the rent card.

[A]

$827.12 is what's in this checking account.

[B]

Okay, checking.

[A]

Oh, Wells Fargo checking. We're selling out money.

[C]

Cinemark Doordashing, doordashing. Little Caesars Selling money. Doordash.

[A]

Doordash. Doordash.

[C]

Doordash.

[A]

Doordash.

[C]

Doordash. What the are we doing?

[A]

And then SIS Savings 415. I don't see retirement. We're dick.

[C]

So me okay.

[B]

That savings. Yeah, again, that's where I end up putting money so that I can pay. I don't touch it. So it can pay for my car. I put 390 each time. And so there's a staying over.

[A]

What a joke. Oh, okay.

[B]

Like I said, I over complicated it and I thought it would make my life simpler and it did not.

[A]

All right, minimum payments. Let's calculate this. Her venture card is $202. Apple card is $110. Wells Fargo is $210. We are at $2,105.67. Disgusting. Reminder income. $4,300 net on a monthly basis. What is your rent?

[B]

It averages 1360.

[A]

Is that including utilities and everything?

[B]

So includes everything except electrical and Internet.

[A]

What are those combined?

[B]

172.

[A]

Okay. Phone bill.

[B]

I don't exactly pay one right now. My. My parent. I'm still on my parents line and. Well, did you say that should be. Well, yeah.

[A]

Are you supposed to be paying them?

[B]

I should be paying them.

[A]

How much are you supposed to be paying them?

[B]

About a hundred dollars a month.

[A]

Car insurance.

[B]

Car insurance. I usually do. I've only ever done this.

[A]

How much is your car insurance?

[B]

So it is at least. I'm about to have to pay it again.

[C]

How much is it?

[B]

1100.

[A]

Okay. Every six months. Jeez, dude. Okay, so we're talking $184. Gas. Vroom, vroom. Drive, drive. Average month.

[B]

I don't know my average.

[A]

Come on, what do you think?

[B]

I'm hoping. It's about hoping.

[A]

Okay, we got about $200.

[B]

Okay.

[A]

That's what we saw last month. So I'm budgeting that in.

[B]

Okay.

[A]

Necessary food. $300. That's all you need. Use our budget. Friendly cookbook, meal prep, meal plan. Warm it up when you get home. TP fund anything else you need. Hundred dollars to survive. That is toilet paper. That are dildos. That. It's whatever. Medical, health care. Do you have co pays. I said dildos instead of tampons. I meant tampons. I don't know why I said dildos. I wasn't even making a joke. I just said the wrong thing.

[B]

That's what you buy anyways. I do. My insurance is through my company. I don't have a copay or my deductible is like 4,000, bruh.

[A]

Do you spend anything on medical on a monthly basis?

[B]

Not on a monthly basis right now.

[A]

Thank goodness.

[B]

Yeah.

[A]

Is there a gym?

[C]

No.

[A]

Okay, how much for pet food?

[B]

$50.

[A]

Okay. Now what is this pet subscription thing that you do?

[B]

So there's two. There's the actual insurance, which is I think about fifty dollars.

[A]

Good.

[B]

And then the other one is a hundred thirty six. And that should go down to about sixty in November.

[A]

We'll call it sixty then.

[B]

Okay.

[A]

Okay. I'll give you subscriptions. About fifty bucks as well. Anything else that needs to be in your budget that is not there.

[B]

Not that I can think of right now. Let's see. I'm just going through. Because I got rid of Spotify, the massage envy would probably reappear soon because it's on pause right now. 75amonth.

[A]

Keep it on pause. Keep it on pause.

[B]

You can only keep it on pause for like 6.

[C]

Cancel it.

[B]

I have like 30 credits.

[A]

I don't give a. I would lose all the credits. I don't give a. You're losing all your money. That's more important. Money is more important than credits.

[B]

But 30 credits worth of massages that I. I haven't used yet.

[A]

Well, here's the reality. You need $4,515.84 to survive. So I don't give a. About your credits because even though you make a strong income, you are actually underwater on a monthly basis by $215.84, honestly. And I don't see you picking up another job because your hours are weird. Here's the reality. Here's the reality, little lady. You have enough money to. You're gonna sell your car, you're gonna borrow the difference of about $2,000. You're gonna get a $10,000 car on a $10,000 loan. That is gonna immediately save you $20,000 in debt. Okay. About $18,000. That is step one. After you do that, if you are still probably. Man, you're probably still not gonna be making it as long as you have proven you have changed your. Doing a big consolidation. After you change your behavior for three months. Proven it with a budget, you will do a big consolidation or you're going to do bankruptcy.

[B]

Really?

[A]

You can't afford this.

[B]

Yeah.

[A]

It is simple as this. I mean, actually. Okay, hold on. Wait. Pause. I remember from the beginning of the conversation you're moving back home.

[B]

Yes.

[A]

Are they going to require a rent?

[B]

About $300.

[A]

That's okay. You will have, I'm going to say, about $800 left. I would still do the car thing. I would still do the car thing. This is. It's a temporary thing for a couple years, but with your $800 minus the student loans, minus the car, but we're adding 12 for a new car. So we're taking okay, $67,054.95 minus the $30,892.76 car loan but plus 12,000 hour for the new loan to borrow the difference and a 10,000 hour car that you get approved by multiple mechanics before you purchase that. It's going to be safe and reliable for years to just a couple years to come. $8678.37 for the student loans. We're getting rid of that. That brings you down to bad debt of $39,483.82.

[C]

Good.

[A]

With the $800 left over, that's going to take 49 months. That's a long time. That's about four years. But you'll be able to scale that as well because I think you'll get pay increases. Pick up as many. Are you hourly?

[B]

No.

[A]

Okay, well you'll get pay increases if you can find ways to pick up extra jobs and just make this a grind time. You can get it done in three years. But it's likely looking three to four years and then you know, which I know it's a little demoralizing. That's a, that's a long time. That's if you sell the car. Yes. If you don't sell the car, this is going to be like a five, six, seven year thing. I'd rather do bankruptcy and include the car in that. But no, I mean that's your option is you have to get rid of the car and you have to move into home and grind for three years and work an extra job as well. And then about another nine months to get a fully funded emergency fund and then you can move out. So you'll be about 30, 31, right. How's it? 27.

[B]

Yeah, yeah.

[A]

Like 31. And you'll be out living an in bed life. But that's okay. There's no K pop in there. There's no fun money. I mean I'm sorry. I'm sorry. BTS doesn't exist when you're already underwater by 200 hours a month. That sucks.

[B]

That's true.

[A]

So that's the plan. That is the plan. I don't see other plan would be big consolidations but only after changing behavior. But that doesn't get you there. That gets you $200 a month extra maybe. Which is not going to pay off debt in any substantial time frame or bankruptcy. But that your credit. So.

[B]

But closing all the cards would also mess with my credit.

[A]

Yeah, but not as bad because you'll only have access to like predatory loans after bankruptcy or just really bad loans. So that's the plan. All right, we're gonna do our Hammer Financial Score or remember to click that join button and join Hammer Elite, the best YouTube membership on YouTube and join us for the post show. Apparently something is gonna happen. I guess her friend made her come on. Her friend is convinced that he can do a better job at me. So I'm gonna call him and I think think we're probably going to get in an argument from the sound of it. And there's also lots of other things that didn't get brought up that we're going to talk about. So join Hammerly three premium shows posted every single day, Monday through Friday. Spending in a budget score 0 out of 10. You ever spent debt? No. Collections. But this is horrendous for your income. One out of ten. Emergency fund was about a one out of ten. Retirement is now a zero out of ten. Real estate's zero out of ten.

[B]

Yeah, it's about the 0.65 that we had.

[A]

There it is. Which is going to round up to wins. Yeah, I mean, I'm giving up. I'm going to. So I'm gonna give you a 0.5 out of 10. Join us, Hammer Elite.

[C]

Click the join button.

[A]

I'll see you guys in the post show. There's a lot more to talk about for an additional 20 minutes. See you there.

[C]

Last time that big thing came up.

[A]

To save you money, you borrowed from.

[C]

Your parents to get it.

[B]

I was considering really trying to break this one up instead of paying it all up front.

[C]

I do not see. This is milk.

[A]

Milk, Milk, milk, milk.

[B]

This call you gave me like the least specific answer answers. It's like, where did this money go? And you're like, I don't know. It's all.

[C]

That's insane. Exclusive members content. Click the link in the description or PIN comment below and watch thousands of.

[A]

Hours of extra and uncensored content.

[D]

It's okay not to be perfect with finances. Experian is your big financial friend and here to help. Did you know you can get matched with credit cards on the app? Some cards are labeled no Ding decline, which means if you're not approved, they won't hurt your credit scores. Download the Experian app for free today. Applying for no Ding. Declined cards won't hurt your credit scores. If you aren't initially approved, initial approval will result in a hard inquiry which may impact your credit scores.