$70,000 In Debt Simping For E-Girls | Financial Audit

Summary

Financial Audit - $70,000 In Debt Simping For E-Girls | Financial Audit with Caleb Hammer

Episode Date: October 15, 2025
Guest: Gary (25, Water Plant Operator, Detroit area)
Host: Caleb Hammer

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Episode Overview

In this episode, Caleb sits down with Gary, a 25-year-old water plant operator from Detroit, who finds himself nearly $70,000 in debt. The discussion is a wild ride through Gary's consumerist tendencies, lack of financial discipline, and unique worldview—especially his denial of money as a “real” concept. Caleb attempts to break through Gary's convoluted logic, understand his spending habits (including large sums on TikTok “galaxies” for e-girls), and suggests actionable steps for change. The episode is packed with laughter, disbelief, and moments of both self-reflection and exasperation.

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Key Discussion Points & Insights

1. Who is Gary? [01:42 – 04:14]

• Background: Age 25, water plant operator, Michigan State graduate (zoology).
  • “Not that great of education. Had fun though.” (C, 03:45)
• Income: $25.49/hr, ~$1,550 biweekly after 401k.
• Financial Independence: Only since about age 22-23, though claims some independence since 15.

2. Gary’s Worldview on Money [06:03 – 19:09]

• Denial of Responsibility: Repeatedly blames “American consumerism” for his spending.
  • “All of this is not my fault. It's American consumerism—of which you participated in willingly.” (C/B, 05:12)
• Money as a Social Construct: Insists money “isn’t real”, struggles to articulate why.
  • “Money sometimes… just I don't think is real.” (C, 06:06)
  • (Proceeds to attempt box and whiteboard analogies, gets lost explaining simple concepts)
• Caleb’s Frustration: Tries, fails, and brings in “Brandon the Interpreter” to translate Gary’s logic.
  • “This is the most confused I've been in three and a half years of the show.” (B, 13:30)
  • Brandon sums up: “He wants an excuse for all of his spending habits.” (E, 19:09)

3. Spending Habits and Rationalizations [19:42 – 38:01]

• Overspending: Outflows of $4,772 on ~$3,100 income; regularly overdrafts accounts.
  • “You're overdrafting. Why are you overdrafting for hoodies?” (B, 37:54)
• Consumerism Excuse: Gary purchases hoodies, camera gear, and impulse items, claiming to be swayed by ads and “cool designs.”
• Love Language: Gift Giving: Justifies buying for others (especially family) and random TikTok creators, regardless of financial health.
  • “My love language is just giving… If something reminds me of them, that's how I want to show appreciation.” (C, 28:01)
• TikTok “Galaxies” for E-Girls: Routinely buys digital gifts on TikTok, especially for creators with low viewership or single moms.
  • “What about the insane amount of money you've spent on galaxies on TikTok lives?” (B, 28:20)
  • “I set a budget. I only bought a certain amount of coins.” (C, 30:10)
• Disconnect from Reality: Uses credit cards as “free money,” fails to track or comprehend his deficits.
  • “If I have enough credit limit left, it's like, that's how I do it.” (C, 33:05)
  • “I'm a singular tasker. I start doing the one task, and then I get distracted…” (C, 39:09)

4. Debt Breakdown and Financial Chaos [54:00 – 91:07]

• Types of Debt (Total ~$70,000):
  • Credit Cards: Multiple, high balances, near limits, interest rates up to 31%, frequently used for non-essentials.
    • Biggest: $9,584 on MSU FCU, $1,852 on Bass Pro, $3,309 on Fifth Third, $1,270 on Synchrony (for tires).
  • Personal Loan: $776 remaining for past rent, taken at 13.49% to fund a “fun” college apartment.
  • Auto Loan: $26,836 on a Ford Edge, 9.29% interest; half paid via a credit card down payment at 30% APR.
  • Student Loans: $20,646, currently in forbearance.
• Reckless Credit Use:
  • “I put $5,000 down payment on this card. Dude.” (B, 65:10)
  • “You maxed out a $2,000 credit card to go fishing.” (B, 54:29)
• Interest and Payments: Some debts will take up to 30 years to pay off at current minimums. Gary does not prioritize timely payments, incurs regular late and overdraft fees.

5. Budgeting Failures & Self-Delusion [26:21 – 39:02]

• Claims use of budgeting apps, but doesn't track reality.
  • “I thought you spent 300. It was a thousand. Just under.” (B, 26:46)
• False Sense of Control: Believes he can “always make it back” with side hustles—rarely earns more than covering costs.
• Autopay Aversion: Refuses to use autopay to avoid “going negative,” enabling constant missed payments and fees.

6. Attempts at Solutions & Caleb’s Plan [91:28 – 101:51]

• Zero Savings, No Emergency Fund
• Caleb's Recommendations:
  • Drastic lifestyle changes: No more “bullsh,” stop gift-giving, pause TikTok spending.
  • Increase income: Second job, new career path.
  • Possible bankruptcy: Only after demonstrating 3 months of rigorous budgeting and minimal spending.
  • Use forbearance/IDR plans for student loans.
    • “At $146 left over... this is impossible. This is impossible.” (B, 97:45)
• Financial Score: 1/10 (generous rounding up).
  • “Spending in a budget: 0. Debt: 1. Emergency fund: 0. Retirement: 2 (just started). Real estate/assets: 0.” (B, 101:40)

7. Memorable Quotes & Moments

• On Money & Reality:

  • “Money sometimes just, I don't think is real.” (Gary, 06:06)
  • “My main point of all this is just like, you know, like from the beginning, money just is a social construct.” (C, 60:00)

• On Debt & Spending:

  • “Well, I just love all those ads that come up… If in the slightest I like it, I buy it.” (C, 06:00)
  • “I've never seen anything like that in my life. And I filmed so many of these.” (B, 53:16)

• On Rationalization:

  • “Compared to what? You don’t have money. You spend it all!” (B, 38:16)
  • “The late fees and stuff like that, they’re not that much compared to like…” (C, 38:07)

• On Bankruptcy Plan:

  • “Prove to me that you can make your minimum monthly payments required and not spend money on bull… Three whole months. And then I will allow you to go through bankruptcy.” (B, 98:40)

• Self-Assessment:

  • “Right now, I think I'm at like, a one and a half.” (C, 35:18)

• On TikTok E-Girls:

  • “Why are you just going out and giving everyone galaxies though, when you can't pay your own damn bills?” (B, 28:37)
  • “I support single mothers.” (E/Gary, 29:15)

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Timestamps for Key Segments

• Gary's background, income & attitude: 01:42–08:12
• Gary's denial of money/reality: 09:19–19:09, 60:00
• Spending habits & rationalizations: 19:42–38:01
• TikTok, gift spending, e-girls: 28:01–30:59
• Credit cards & debt specifics: 54:00–91:07
• Personal loan and reckless borrowing: 80:44–82:55
• Auto loan, car purchase missteps: 85:52–87:17
• Budget math & the harsh reality: 91:28–101:51
• Caleb’s “three paths to freedom,” score assessment: 97:45–101:51

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Tone, Humor, and Delivery

• Caleb is sharp, sarcastic, patient (up to a point), genuinely seeking a breakthrough for Gary but often exasperated by Gary's circular, self-defeating arguments.
• Gary is affable but scatterbrained, with a talent for evasive logic and endless rationalization. He’s self-deprecating and (eventually) admits his own confusion.

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Conclusion

This episode is simultaneously a case study in the dangers of unchecked consumerism, financial illiteracy, and self-delusion—and a testament to Caleb’s endurance and occasional hilarity as a financial “therapist.” Listeners will find themselves laughing, cringing, and perhaps recognizing similar patterns in friends or themselves.

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[End of Summary]

Transcript

[A]

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[B]

To watch episodes of Financial Audit a week earlier, Check us out on YouTube.

[C]

I'd say all of this is is not my fault. It's American consumerism of which you participated in willingly. No, no, it's not my fault.

[B]

What about the insane amount of money you've spent on galaxies on TikTok lives?

[C]

Money sometimes just I don't think is real.

[D]

Why are you just going out and.

[B]

Just giving everyone galaxies though, when you can't pay your own damn bills? Little concerned of what's all in there sometimes.

[C]

Me too. But I believe what I believe.

[B]

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[C]

This is Gary from Detroit area and this is financial Audit.

[B]

It absolutely is. How old are you, Gary?

[C]

I'm 25.

[B]

Good, good, good, good. You've definitely shot a minority in Detroit in your day, haven't you?

[C]

Only two.

[B]

Very good.

[C]

All right.

[B]

What do you do there for a living?

[C]

I'm a water plant operator.

[B]

Okay. So that's why Flint happened. Got it. I understand.

[C]

Well, it. Yeah, it's not my fault, but, you.

[B]

Know, seems a bit targeted because a.

[C]

Certain group of people they would know definitely was not.

[B]

He is not racism with him. I'm with you. I'm stopping. Okay, all right. Okay, I'll stop. I'll stop. You were taking it very well. So, okay, what do you. So what do you make in that position?

[C]

25. 49 an hour.

[B]

Very good. Now Detroit's not the most expensive place as far as major cities go. Pretty cheap. Slightly on the uptick in terms of population for the first time in decades. Oh. So, you know. Oh, how you living off of that?

[C]

How you doing? I would say I'm doing pretty well, actually. I'm actually, this is the most I've ever made in my life.

[B]

I feel like this is the most you've ever had a human conversation as well.

[C]

Pretty much, yeah.

[B]

That's what I'm picking up so far. I'm kidding. I'm sorry. I'm being a bully. Okay, Very good. Awesome. Well, why is this the most you've ever made? I mean, you're in your 25, mid-20s, so it makes sense that around that age it should be the most you've ever made and it should continue to be the most you've ever made all the way through while your 50s.

[C]

Just all throughout college. I didn't make that much. I just was trying to get, like, bills paid my tuition, trying to have fun.

[B]

Michigan State, I assume.

[C]

Yes, I'm alumni from msu, so.

[B]

Very proud.

[C]

Yes, very proud.

[B]

Good, good.

[C]

Not that great of education. Had fun, though.

[B]

Oh, what you're gonna say it's fine.

[C]

The reputation, MSU people, the frat guys.

[B]

Okay, good. Yeah. You probably didn't make that much during college.

[C]

No, I did not. Did.

[B]

Okay. Because you were drinking a little too much.

[C]

Yeah, I had a little bit of a problem back then.

[B]

I, I, I see that. It went a little far. Did it not?

[C]

It. Yeah, it did not.

[B]

It did not.

[C]

No.

[B]

Go too far.

[C]

The drinking in college. What are you referring to?

[B]

All right, very good. So you work 40 hours a week?

[C]

Yes.

[B]

Okay, cool. What hits your account on a bi weekly basis? It's a bi weekly, semi monthly. What are you, what are you looking at?

[C]

It's bi weekly.

[B]

Good, good, good. What hits your account?

[C]

It's between. It's about 1550. Because I'd have like, retirement. All that come out.

[B]

Yeah. How much are you putting aside for that? Like, what's those percentages taken into your 401k through my.

[C]

It's like 5% employer, 5% me.

[B]

Good.

[C]

Per paycheck.

[B]

Good. Free money. We love it. You said 1450.

[C]

About 1550.

[B]

1550. Sorry about that. Very good. Cool. So what is going on, my friend? What are we talking about today?

[C]

You know, I literally probably, I would say all of this is not my fault.

[B]

It's American consumerism of which you participated in willingly. No. Did you not when you bought the baseball jersey from Michigan State. You didn't have to.

[C]

Yeah, but, I mean, all those were my choices, right?

[B]

You bought the Rittenhouse hat. You didn't have to. Well, it's a choice. You purchase anything but braces, it seems like. Sorry. I don't. I'm in a mood right now. I have his permission to do this, but I'm just coming out of the gate strong. I love you. I'm sorry. I'm sorry. Okay, good. So what are you spending all your money on? Uh.

[C]

I just. I just love all those ads that come up, you know, like, just corporate.

[B]

And you love the ads?

[C]

Yeah, because I.

[B]

You're the one person in the comment section not saying skip when an ad pops up. No, you're saying stay.

[C]

I stay at.

[B]

Continue. Double, please.

[C]

Yes, I stay at every ad.

[B]

Oh. There's a reason. Sponsorships are willing to give us money, I guess. And you are that reason.

[C]

Yeah, I watch them all. I buy it. If it in the slightest, I like it.

[B]

And that's American consumerism's fault? Not literally. You.

[C]

No, it's not my fault.

[B]

Why? How can you tell me? So when you see a pharmaceutical ad, you run to your doctor immediately and say, I was told to talk to you about this drug. May I please take it? Yeah.

[C]

And I give him reasons as to why it would probably help me. Because, like, if that was a situation, like, you're telling me about, like, pharmaceutical, if it was, like, something that, like, I wanted to, like, help myself with, you know, I would obviously ask him. Is that consumerism, though, Pharmaceutical?

[B]

Yeah. I mean, as you fall into an ad and you actually do, what do you spend on a monthly basis? If every ad is getting to you, what do you possibly spend on a monthly basis?

[C]

If I had to guess, I mean, 15.50 every two weeks, I'd guess I make or I spend, like, 30, 36.

[B]

Yeah, it's $4,772. So that isn't making. But we got a $63 tax return payment that somehow hit this late. Well done.

[C]

Which is State of Michigan's fault, right?

[B]

Oh, okay. It was the state. It wasn't federal. That makes more sense. Yeah, 3238 came in. We averaged you at about 3100. But regardless, $4772.54 flowed out. Well, how can you survive off that? You're in a cheaper city. It should be easier to survive.

[C]

Well, again, it's not my fault. If I only spent 1600 more, you're.

[B]

Gonna lose me here. I just. I'm a little confused. Like that's something we're gonna have to get over like right away. The acknowledging what we have control over versus just outside forces. Not your fault. You still clicked.

[C]

I mean spending 1600 more or whatever amount was said more than I make and comes in. I mean it's gonna come back around sometime, you know.

[B]

What the does that mean? Kobe Bryant? It's.

[C]

Nah, that gets forever lost.

[B]

I guess it, well, it depends. People are in forever debt in this.

[C]

Country, which is American consumerism's fault, not mine.

[B]

It's their fault. No actions, no behavior, no self control, no budgeting. I mean we've seen people come on the show. I was hoping and still am that you are one of those people. They come on, they budget, they change their lives, they take our educational program, use the budgeting app and then boom, they changed their life. And American consumerism still happens. They just take personal responsibility. You don't think there's a room for personal responsibility outside of that? Well, outside of consumerism.

[C]

Caleb, if you.

[B]

Gary.

[C]

Yes. If there's a box right here, like imaginary, like look at that.

[B]

I understand it's a box.

[C]

Responsibility is outside of the box. Consumerism is the fault. I like to talk in ideologies.

[B]

Ideology.

[C]

That's an ideology or metaphor, whatever you call it.

[B]

It was a make believe box that didn't really make sense.

[C]

What's in my head?

[B]

A little concerned of what's all in there.

[C]

No, sometimes me too. But I believe what I believe.

[B]

You believe what you believe. Then why are you on a show to get your together if you believe what you believe, big guy.

[C]

I, you know, in the back of my mind I'm like, I want help. But you know, it's like if I only spent a few 12, 1600 over what I make, it's like finally.

[B]

You finally spent that much over what you mean?

[C]

I mean I, I wouldn't be like surprised that I've spent that much prior. I mean that's probably how I got into it. But it's like, I don't know.

[B]

What are you trying to say?

[C]

Just trying to say that like money sometimes just I don't think is real.

[B]

Okay, but explain how that makes sense then because this is obviously impacting your life. Explain how that makes sense.

[C]

So this is the best way I can explain it.

[B]

K. Are we going back to the box?

[C]

No, I know I'm putting my hands here, but no, not a box right now. I might go back to it. So the idea that money sometimes isn't real is, you know, it's I don't. It's. When was money started in the U.S. you know, like.

[B]

We'Ve had money since the beginning, but still states had their own currencies for a while.

[C]

But it's like a societal thing. So it's like I, I.

[B]

Is this what Michigan has to offer? Is this what my home state has created?

[C]

Well, I'm on the other side of the state. I know it's the same state. But you're from over there at Western. Yeah.

[B]

Uh huh huh.

[C]

I mean that's my reasoning. So I know you said the state of Michigan, but like I'm from the other side so that that matters.

[B]

Did you drink the water you sent to Flint?

[C]

I did and it tastes very good. Caleb.

[B]

Uh huh.

[C]

I pretty much drank the Kool Aid.

[B]

Okay, Gotcha, big guy. Listen, why try to get your finances fixed and under control if you don't believe money is real?

[C]

So there's the thing. I might come back to the box.

[B]

Please. I mean your hands keep going there. I'm just waiting for you to. I'm just looking at one of those hands, expecting it to go up a little too high.

[C]

You're a funny guy, Caleb.

[B]

Thanks.

[C]

No. Okay, so the box, it's back? Yes, it's back. The reason I think that money isn't real and how it makes sense with everything I'm saying is because, you know, I had something in mind. I try, I'm trying to explain it. Like I have. It's all messed up in here. It's like comboulated.

[B]

Yes, yes.

[C]

No.

[B]

I have good self reflection.

[C]

I'm smart, trust me.

[B]

I hope I see it.

[C]

Yeah, I mean just. I'm trying to explain it. It's like a.

[B]

Do you want to draw it?

[C]

If you have a piece of paper, I'll.

[B]

We have a whiteboard. You can draw it if you'd like. Big guy. I want to help you get there. Listen, we're going a little right now. We'll get into the money in a second. This is just let me learn who this guy is so I can communicate with him. This is the most confused I've been in three and a half years of the show.

[C]

All right, so best way to explain it is like. Best way to explain it is like a picture.

[B]

That's why we gave you the whiteboard.

[C]

No, I didn't know if you want me to like write words or something, you know, to explain. But that doesn't really.

[B]

Lizzie, you're killing her. Yes, I said draw.

[C]

Okay, so here's. I'll just do like, figurative pictures. Okay.

[B]

Just.

[C]

This is like. This circle is like. Okay, that's not a circle. That's society. Okay. That's like. That's society, the circle. And then my mind is this arrow. I'm trying to think of, like, how society connects with, like.

[B]

Wait, are you trying to draw how you think. You're not actually drawing what you think you're. Right now. You're trying to explain to me how you're thinking about the thing you're thinking about. I just want to know about the thing you're thinking about, not how you're thinking about it.

[C]

You want to know the thing that I'm thinking?

[B]

Yes.

[C]

Or how I think it.

[B]

How you think about my. I. Do you remember how we got it to this whiteboard? I asked you, why are you on a money show where I will help you budget, cut back on things, and change your life if you don't believe money is real?

[D]

And.

[B]

And then you tried to go back to the box, and you couldn't do that, so we gave you the whiteboard to explain.

[C]

So. Okay, what's the question again? I'll be able to do it this time if you can do it one more time.

[B]

Okay, big guy.

[C]

I'm. Oh, I'm laugh. I'm trying my best here. I'm trying to show you.

[B]

I. I see you working.

[C]

I know, I know. But, like, the picture. I guess I just need clarification on the question one more time.

[B]

Governor Whitmer. The governor of Michigan has invited us to do a show with her to promote financial education. I think we have larger concerns. Governor, if you're watching.

[C]

Okay.

[B]

No, leave it on. Yeah, okay. The question was, okay, if you believe money is fake. Because I want to help you here. I want to help you here. If you believe money is fake, why the did you come on a show about money where I help you get it figured out and live a better life? With goons and gaffes along the way, of course. But I would help. Why would you come on that.

[C]

So now you're done? That's. That's the whole question?

[D]

That's the question.

[B]

Why would you come on if you don't believe money's real?

[C]

I came on thinking that money isn't real because I wanted to just, like, explain how I think about money and how it's not real. But you should always, like, want to get better in finances, right? Financially.

[B]

But why if it's not real, why should you get better?

[C]

Because societally, it would help you.

[B]

Okay. Wouldn't that indicate that it's real if it's impacted on everything in society.

[C]

I mean, technically, but it's like, technically.

[B]

What else matters besides technically?

[C]

I don't know. But it's just like money is like a societal thing.

[B]

Please.

[C]

It's like, okay, here's a dollar bill. Right?

[B]

Please. There it is. There are very squiggly lines. Every line you try to draw.

[C]

Thank you. I'm trying my best. There's a dollar bill right there.

[B]

That's. There it is.

[C]

Someone at one point had to be like, there's this currency that literally dictates getting anything you want in life.

[B]

Anything you. Okay. Kind of. It's more of an exchange.

[C]

Right. Like bartering. But then they made this, like, on from that.

[B]

Yes.

[C]

But then they made this piece of paper that's like.

[B]

And it was tied to the value of gold and then it wasn't.

[C]

And now soon it's going to be tied into the value of bitcoin. It's going to replace gold.

[B]

Ok, so stuff like, what's the point?

[C]

My point is that money is a social construct. Like, that's pretty much what I'm trying to get at. It's like it's real, but it's not. There can be two realities. Right.

[B]

I think I need to bring in my interpreter. I don't know what the you're saying. Bring in Brandon the interpreter. You know him, you love him. It's Brandon the interpreter, also known in my Instagram comment section as a well, cuck. That was the top, like, comment. But he's the interpreter, ladies and gentlemen. And he's back. I'm struggling here.

[E]

We can get down to the bottom of this.

[C]

Yes.

[B]

So right now we're talking money and I'm really trying to listen. This is the part of the show you all know. I'm trying to just understand the guest. And we have Gary so that as we go through the documents, I'm able to communicate better and more effectively to get him out. And also, again, have some goons and laughs along the way. Gary, I'm confused. I'm struggling. I'll be honest. He doesn't believe in money. He doesn't believe in the concept of money yet. He's on a money show. But he says because he wants to get better because society revolves around it. But I guess it's still not real and everything's going to bitcoin. What is the purpose of that then? What is the. What is your point? What is your overall point? I really want to understand so I can communicate with you better.

[C]

My overall Point in all that. That I was saying is pretty much just that, like, I want an excuse 2 to for all of my spending habits. But at the same time, I've always thought in the past that, like, it's like a social construct. I'll always make it back with, like, money and just overtime. Or like, side hustles. Like, I'll always make the money side hustles.

[B]

I don't see side hustles. Where's the side hustles? You're working for the water plant, Correct?

[C]

I also do photography on the side and I do pressure washing.

[B]

Okay. Yeah, the classic tik tock side hustle. I'm sure you do. I'm sure you make a lot of money off of it. Let's see.

[C]

It's not a lot, but.

[B]

No, no, no.

[C]

Okay.

[B]

No, not a lot. What? You just said it's not a lot. You said it's not a lot. I agreed, and then you said no.

[C]

All right, Mr. Hot Guy. I'm. I make quite a bit on not quite a bit. I mean, I make enough to be like, sustainable side hustles to, like, you.

[B]

Pay for the costs.

[C]

The costs.

[B]

Now, Brandon, he called me hot guy. Please translate so I can adequately respond.

[E]

I think he wants to fornicate with you in the post show. Or maybe he's saying you're very popular.

[B]

I could see you in a Home Depot understall.

[E]

He's talking about a glory hole.

[C]

Oh, yeah. No. Thank you for the interpretation.

[E]

You're welcome, brother.

[C]

Definitely not.

[B]

You homophobic?

[C]

Yes, I.

[B]

I mean, the answer would have been no if it was no.

[C]

I was about to say that, but.

[B]

Well, there was lots of thought, lots of. Let me consider. Throw them off a roof today.

[C]

Yeah, well, I'm definitely not homophobic. Just a little homophobic. He said. He said I am, but I'm not. Trust me.

[E]

That's the most clear answer we've gotten.

[C]

Just trust me.

[B]

So you spent a lot of money and you say it's sustainable side hustles. What do you think you're spending your money on?

[C]

I am spending most of my money on definitely more camera equipment. Hoodies. I love hoodies. Every time I go in the store, I have to buy hoodies.

[B]

Why?

[C]

Because if it has, like, a cool design on it and just like, it has to be like that stretchy material.

[B]

You're not even wearing one here.

[C]

I wore one here because it was cold, but I took it off.

[E]

Because.

[C]

I like to be comfortable. Like, if it's. If the situation changes, it's like warmer. Yeah, I'm taking that thing.

[B]

I'm being told to spend 55 to $65 a hoodie. How often are you getting a hoodie?

[C]

I'd say like one or two a month or more. Like if it, like if I'm going to the store like once or twice every other week.

[B]

And your parents let you go alone?

[C]

Yeah, I've been alone on my own spending wise since I was like 15.

[E]

When I go to the store, my caretaker comes with me.

[B]

Says 15. What do you mean?

[C]

Like I've never had like anyone be like, oh, you shouldn't go buy that. You should.

[B]

But on your own, you're saying your parents didn't pay for your food and roof and blah blah, blah, since 15?

[C]

By that they did, but I'm talking.

[B]

So you weren't financially on your own since 15? What do you think financially on your own is?

[C]

Did I say I was financially on my own?

[E]

To be fair, I never really answered the question.

[B]

Kind of.

[C]

I didn't say those exact words. I don't believe.

[B]

Okay, so it's coming down to technical words. Sure. So what are you trying to say again? Because as usual, I don't understand your point.

[C]

My point is that.

[B]

I.

[C]

Buy those sweatshirts and I was financially.

[B]

No, no, you're saying because you were on, you were financially bubble Boss Something by 15. What is that since 15?

[C]

Pretty much it's like everything aside from like, you know, like food and like household costs. Like obviously my mom covered all that intel.

[B]

How long have you been independent?

[C]

Mid guy independent? Since after college. So it's really was what age? Like almost 23, 22.

[B]

Okay, so it's been two years, potentially three.

[C]

Yes.

[B]

Right.

[C]

So I.

[B]

And when you gain financial independence, that meant buying every hoodie we can possibly find?

[C]

Well, yeah, because it's my money, I'm making it.

[B]

Yes, but why hoodies? In overspend by, what was it, a thousand? 2,000? I forgot at this point I believe.

[C]

It was like 15, 1600 over then why the hoodies? Because all the ones prior years of me having them, they don't fit me anymore.

[B]

So it's like how much going out to eat last month? Dollar wise ballpark?

[C]

300.

[B]

Okay. Yeah, a thousand. Okay. You don't know.

[D]

You don't track anything, do you?

[B]

Do you use any kind of app? Obviously I prefer dollar wise. 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 center 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.

[A]

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[B]

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[C]

I've used Dollarwise and I've used Dave Ramsey. Something. Whatever.

[B]

Okay, well why the don't you use it other than just set it up? Because you wouldn't know the answer to this question if you did.

[C]

Because it's like I was trying to set it all up and I know it's very easy, you know, to do it.

[B]

Yes.

[C]

But then I was like, I got this. So I did it. Google sheets.

[B]

You in fact did not got this. I thought you spent 300. It was a thousand. Just under.

[C]

Okay. Going out to eat.

[B]

Yes. Food that wasn't groceries. Yes. Yes, yes. What was your major?

[C]

Zoology.

[B]

Ah.

[C]

Yeah.

[B]

Yes.

[C]

Okay, that makes sense. Doesn't does? Yeah.

[B]

Okay. Okay. What's your favorite animal?

[C]

Well, I mean I gotta say it.

[B]

What's your favorite animal?

[C]

Siberian tiger.

[B]

Very good.

[C]

But I just gotta say at least I finished college, so I dropped out.

[B]

And decided to do something with my life.

[C]

Yes, well, I'm doing something with my life.

[B]

You're poisoning a city. Well.

[C]

I'm trying to take the fluoride out. I'm trying to advocate for taking the fluoride out.

[B]

I don't think that's what got Flint.

[C]

No, that's not what got Flint. And I know it got Flint, but that's not me. I'm trying to help the water.

[E]

I pet the giraffe and I poison the people.

[B]

I mean, I'm being told you're just endlessly obsessed with gift giving.

[C]

Yeah, I'd say my love language is just giving to who? Literally anybody. I mean I can go into it, but mostly my family. I love just giving gifts if it's not even their birthday. I just. If something reminds me of them. It's like that's how I want to show appreciation.

[B]

What about the insane amount of money you've spent on galaxies? On TikTok lives?

[C]

That's gift giving technically, but TikTok's taking it. They're. They're getting most of the money, but I don't know how to else how else to give them the money that people.

[D]

Why are you just going out and.

[B]

Just giving everyone galaxies though? When you can't pay your own damn bills? You're overspending by 1500.

[C]

You know, sometimes I want to show my kindness. Like that's just from my heart and I just. I wanted to buy those coins for TikTok.

[B]

Uh huh.

[C]

Yeah. To give them galaxies.

[D]

Well, who are you even.

[B]

Who are you contributing to?

[C]

I'm contributing somewhat of an amount of the galaxies to the actual.

[B]

Who are you giving them to?

[C]

People that have like no viewers and like moms and people that probably need them.

[E]

I support single mothers.

[C]

Yeah, I'll always support single mothers.

[B]

How many have you made?

[C]

How many have I made?

[E]

What?

[B]

No, they say nut is the most powerful.

[C]

I must be that, cuz I don't know what that is. I. I really don't.

[E]

I am the nut.

[B]

Okay.

[C]

I mean, essentially, that's what I just said.

[B]

Translator. You just got corrected. You just got owned.

[E]

By Mr. Galaxy.

[C]

No, to be. To be fair, it's. It's not that much for a galaxy.

[B]

Yeah, but I'm being told you just go into random ass people's TikTok just endlessly random people and just gift galaxies galore. You can't do this in any way whatsoever. How could you possibly justify this in an affordable way?

[C]

I set a budget. I only bought a certain amount of coins. So that's a budget.

[B]

You set a budget, but you overspent by 1500. And you thought you spent 300 to going out to eat, but you spent a thousand. Well, what are you talking about? You set a budget. You wouldn't know a budget if it.

[D]

Was in a zoo.

[C]

Well, now that I know the Austin Zoo doesn't exist, I think it's like a petty.

[B]

It's like a little thing. This is not what you think it is, okay? It's like a wildlife sanctuary. Oh, that wasn't the point. You can't have me going and talking about Austin Zoo.

[C]

Well, no, only like, 700 more eating out than I thought. That's. That's not too bad.

[E]

I have a budget, but it goes towards galaxies, and anything left over goes towards food.

[B]

You have nothing left over. You spend 1500 more than you brought in. You have nothing left over.

[C]

The way my mind works is if I get it paid.

[B]

Please. Yes.

[C]

Yeah. I'll draw it like this dollar bill I had drawn previously, right?

[B]

Yeah. Let's keep using that.

[C]

Let's pretend that's now payday, right? First payday of the month. And then I'm like, we're going to.

[E]

Add a dollar bill.

[C]

From this.

[E]

That's payday.

[C]

Okay, so this is payday. First Payday.

[B]

It's payday.

[C]

1500 payday.

[B]

So I know.

[C]

Yep, there you go.

[B]

There we go. One whole word and then some big.

[C]

Let's say it's 1500 bucks, right? All my bills come out that are due before the next paycheck, and I'm like, oh, I have, like, 400 bucks left.

[B]

So let's spend a thousand.

[C]

No, I mean, I'll spend, like, most of that. Okay, let's say I have 400 left, right? After paying all my bills that are due between this paycheck and the next, right? So if I have 400 bucks, it's like I have $400 to spend. It's like, on galaxies and stuff. Because I don't have to pay anything between those two paychecks. Cause I'll get my next paycheck, and I'll have money for the next bills.

[B]

How'd you spend more than 1,500 than you brought in, then 1500 more than you brought in. How? How, How?

[C]

Just I'll go into Costco or something, you know, and I. I see, like, a graphic tee for my sister, and it's like Winnie the Pooh or Cat on it.

[B]

That's not.

[C]

That's not like, small, little, like, things like that. It Adds up.

[B]

Okay, the items. I get it from a very literal how I get it. I mean, more. If you are budgeting and you know you have 400 left over, how then are we getting to the place in your math where you spend fifteen hundred dollars more than you make and you didn't know? Oh, in your equation. Your grand equation.

[C]

Yeah, it's not a finished equation yet.

[B]

I would love to see the conclusion.

[C]

Okay, so 400 left. I spend whatever amount, and then I'm like, well, you know, the credit cards are essentially like free money, even though it doesn't exist. You know, because ever since I bought my first credit. My first credit card, when I got it, I was like, you know, I should be smart about this. Use it as a debit card, right? But since I have, like, as many as I have now, it's like, come on, if I have enough credit limit left, it's like, that's how I do it. I mean, if I don't have enough from the 400 left over from that one paycheck, it's like.

[E]

Okay, so when I spend everything that I'm paid for my job, I then switch to a credit card, but because it's not tied to my primary checkings, I don't view it as money that I'm spending. That bill comes later. You get what I'm saying?

[C]

I get what you're saying.

[B]

Why they approve you for credit cards.

[C]

This is helping me understand myself. Thank you.

[E]

I'll hold your hand at the zoo later.

[B]

All right, let's get into these numbers. I'm going to die. I'm going to die. Let's send Brandon back, please. What if.

[C]

What if we all three go to the zoo together?

[B]

That's okay.

[C]

Okay.

[B]

Goodbye, translator. Listen, ladies and gentlemen, I hope I helped this man. His worldview is very weird and I'm trying to get through, but this will still end up being a productive conversation in the end because I guarantee you, you know someone in your life just like this, and hopefully this. Just send this to them and show them what they look like. Okay? I want you to give me a score from 0 to 10 on your entire finances. Your financial score, what you think it is. 0 is the absolute worst. 10 is the absolute best. Where do you think you stand?

[C]

Previously?

[B]

No, where do you stand now?

[C]

Right now I think I'm at, like, a one and a half.

[B]

Very good. Where did you think you were previously? Like, that matters for some reason?

[C]

Because I thought I was at, like, more of like a two and a half. 3.

[B]

You're trying to tell me you previously thought you were something else, not that you previously were something else. You're trying to tell me what you thought about like you're telling me about a dream you had last night.

[C]

Yeah, I have dreams quite frequently.

[B]

Well, I care about your thought now, not what previous thought you had. Okay, ladies and gentlemen of Financial audit, this is one of the most 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. We finally did it and now we put it all into one program called Dollar wise Central. You get the premium version of my budgeting app. You get the cookbook mailed to you and signed by me. You get to learn about debt, investing.

[D]

Budgeting, real estate, basic beginner stuff and finance all the way to the advanced.

[B]

Stuff collaborated by experts with the lowest refund rate in the industry for a reason. 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 program 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 go. If you want to know where you stand in the world of finances, take the free Hammer Financial score assessment@caleb hammer.com it's free. See where you need to improve, where you're doing great. Just takes a few minutes and you'll see where you stand. If you don't want to be like a guest who ends up on the show, I don't know if it's going to help in this case, but make sure you download the Dollar Wise budgeting app. Take the free trial, sign up for the annual version if you want to save a lot of money. And when you do, only for a couple months left, I am giving my budget friendly cookbook to you, signed by me, mailed directly to your door.

[D]

Okay.

[B]

Okay. Dollarw. Com to learn more about that. I'm, I'm, I'm okay. Let's see, what have we got here? Oh, a checking account. That's rare. Usually we start with a credit card, so unfortunately probably means something's interesting here. The available balance on your account wasn't enough to cover all recent purchases and payments. The account activity detail is available on the next page.

[D]

Your available balance was negative $39.55.

[B]

On.

[D]

On the date this was.

[B]

You're overdrafting. Why are you overdrafting for hoodies?

[D]

We're.

[B]

For hoodies. We're overdrafting. Well. Cause it's not real. Well, you know what's real?

[D]

The penalties that you have to pay.

[C]

Like I was saying before, and I've heard people say it before, too. It's like the late fees and stuff like that. They're not that much compared to like.

[B]

Compared to what? You don't have money. You don't make money.

[C]

I mean.

[B]

I mean, you make money, but you spend it all. You don't make enough to cover your. This is what I'm saying.

[C]

Well, I think I do. I. I mean. Okay, the numbers. They might say something.

[B]

The numbers.

[C]

What do they mean?

[B]

Yes. They're more coherent than you are. By far.

[C]

I mean, not. Not by that far. I mean, I'm pretty coherent. I think these pictures I was drawing and the way I, like, say things.

[B]

Yeah, buddy, that's the furthest you got on a picture was three items.

[C]

Well, because I was too busy explaining. Okay. I'm not good at drawing. I'm not.

[B]

Not a multitasker.

[C]

I'm very much so. Not a multitasker.

[B]

Are you a singular tasker?

[C]

I'm a singular tasker.

[B]

Are you sure?

[C]

Oh, I am.

[B]

But you're able to even do one?

[C]

That's the thing. I start doing the one task, the single task, and then I get distracted, and I don't finish that task after until after I start three other tasks.

[B]

What about the task of having enough money in your checking account?

[C]

It's kind of down in the list of priorities.

[B]

Why?

[C]

Because.

[B]

But you just said, I make money. I have enough to pay my bills. That's the truth. That is what you said. Yes. In your own words. Okay, that's obviously not true. If you have negative money in your.

[C]

Checking account, that's not the most negative it's been before.

[B]

Great. It's a competition. What's the most negative?

[C]

It's been negative 700 at once.

[B]

What?

[C]

Yes.

[B]

I've never heard of that.

[D]

For what?

[C]

So, for.

[D]

Why.

[C]

It was like, that same situation. I had, like, negative 39, but then my car payment came out on top of it.

[D]

Why weren't you preparing? Why weren't you planned?

[B]

Believe it or not, when a car payment comes out, that means it usually comes out on a monthly basis.

[D]

On a consistent basis.

[C]

Yes, that's correct. Sure, your car payments come out once a month, but it was just this one time. Caleb, trust me.

[B]

I don't.

[C]

I trust myself, though.

[B]

Good.

[C]

Because if it was negative beforehand and then I was like, oh, shoot, my car payment came out and I was distracted with other things, you know, if I was like, what, you're gonna use.

[B]

The TikTok ADHD brain as an excuse to miss a car payment? That wasn't getting lost in a sentence or a drawing. That's a. That's a monthly bill that is due every single month on a consistent basis.

[C]

Yes, and it's written down in my calendar.

[B]

Clearly, that's not enough. You have use a digital app, dude.

[C]

I do.

[B]

You wrote it in your notes pad. Great.

[D]

Put it on the calendar.

[B]

Set a reminder.

[C]

Yeah, I mean, I don't like having a lot of apps on my phone.

[B]

Can I see these notes? These special notes?

[C]

The notes?

[B]

Yeah. They definitely don't have a manifesto in it of some kind. Please.

[C]

I mean, I don't know if I have the notes on hand, but you.

[B]

Said they're on your phone.

[C]

Oh, the notes for what?

[B]

Brandon, I sent you away too soon. You just talked about you have a note where your car bill is due on a monthly basis.

[C]

Yeah, like on my Google calendar.

[B]

Good, good, good. Let me see.

[C]

That's what I was trying to get at.

[B]

Yeah? Yep. The same topic we've been on. Yes.

[C]

So you want to see it?

[B]

Oh, let's. Let's. Third attempt.

[C]

I'll unlock it here.

[B]

Huh?

[C]

You want to see it?

[B]

Yes.

[C]

Right?

[B]

Yeah. Car payment, it's on the 5th. Discover payment on the 12th.

[C]

He has these in red and I get the notifications.

[B]

Like, get the notifications. So what's the excuse then for Saturday? Long runs at 5am pay pay mom on Friday.

[C]

Oh, yeah, it's the twice a week.

[B]

To learn more about that. Twice a week or twice a month?

[C]

Or twice a month. Yeah, every two weeks.

[B]

We got you there. Here we go. Senior session. On Sunday, there's a senior session.

[C]

Photography session. I take senior photos.

[B]

Do they have to go away from the school for you to be able to be there and participate?

[C]

I mean, it depends who you ask, but yeah.

[B]

What about the state of Michigan?

[C]

No, I mean, it's. Sometimes they allow me on the school to do it with special permission. I'm just joking. Or am I?

[B]

I hope so.

[D]

Oh, upcoming.

[B]

These are already. These are processing. We had Taco Bell, the Colony Club, Corner Tractor Supply, Chick Fil, A, Colony.

[D]

Club, Colony Club, Spotify, Yacht.

[B]

All of that was processing. That wasn't even purchases that were officially done yet.

[D]

Oh, good.

[B]

And we started with negative. $141.41.

[C]

On what?

[B]

The checking account. The account we're talking about.

[C]

This is still the same account.

[B]

It's still the same account.

[C]

Okay, so the reason that I went to all those places is because you were hungry. Well, yeah, because I like food.

[B]

It's a tractual reason.

[C]

That's. That's my reason. I like food and. No, those were like events, you know.

[B]

Chick Fil A was an event.

[C]

No, the Huron Taco Bell was an event. The one thing I was referring to was an event.

[B]

Not all Klarna Tractor Supply was an event. Spotify was an event.

[C]

So the Klarna was not an event.

[B]

You're right. So the one time we saw that yacht.

[C]

It was a yacht club. It was a. I believe it was. I don't remember what holiday it was, but it was like an event in like a tent party, so I had to buy drinks.

[B]

Obviously wasn't a holiday. It was well after the 4th of July when you swiped on it.

[C]

Memorial Day. When's Memorial Day? Or is that. Am I way off?

[B]

Two weeks after the Fourth of July.

[C]

Okay, well, either way, I was hungry, you know, I mean, that explains it. We don't need him for the interpretation because I'm good at it. Oh, that's a nice shirt you got.

[B]

Thank you.

[C]

Nice colors, too. Green and white.

[B]

Yeah.

[C]

That is.

[B]

It's a better green though.

[E]

That hot flash is all shifted.

[D]

My nipples are killing me.

[C]

I don't think so.

[B]

And it's.

[C]

Okay, listen, I'm just gonna say this.

[B]

Both football teams suck. But at least mine won. My hockey team won the national championship last year. And you guys got kicked out beyond early because Michigan State has a ass hockey team. Well.

[C]

I'm gonna fully disagree on that. The Broncos, for the first time ever, are national champion.

[B]

We won.

[C]

Yeah. You won what though?

[B]

National championship.

[C]

What? Of D4.

[B]

Division one. We beat you guys like four times. You know, the nation, the United States, division one. NCAA. The top dog, the biggest. In the biggest conference in the best performing conference. Nc.

[C]

Well, I'm going to chc. Sorry, I'm going to have to be like, shown that they won that, cuz I don't believe you.

[B]

Okay, well, here we go.

[C]

You're telling me Western Broncos hockey won the national nationals? There are no bad days ever in Kalamazoo.

[B]

Yes.

[C]

And beat MSU multiple times.

[B]

Yes.

[C]

Yeah.

[B]

No. Okay.

[C]

How can people from Kalamazoo beat anybody in hockey?

[B]

Big guy, first of all, we beat you guys in hockey almost every time because you guys do not have A good hockey team. It's the one good sports program we have. Second of all, why are you so confident on something that you don't even follow?

[C]

Huh?

[B]

Huh? Interesting.

[C]

That is very interesting because that looks like a fake.

[B]

Ah, yes. Google classic fake website.

[C]

Yeah. How reliable is AI? That was an AI response.

[B]

Okay, how about the NCAA website? You know, the one that is sports?

[C]

Huh? Well, you know, it's. I like to believe it's like Wikipedia. Like, anyone can edit it.

[B]

The NCAA website. Okay, all right.

[C]

Well, either way, that's the one thing we got. No, MSU hockey is good. I'll hold on to that.

[B]

It's not as good. Okay, very good going in here. We got purchase at Wings. Oh, that's what we overdrafted for was purchase at Wings.

[C]

Yes, they. They have amazing wings.

[B]

Yes. You overdrafted for it.

[C]

Well, I didn't notice at the time.

[B]

How do you not look at your accounts? Dude, if you're running close to zero, how are you not looking at your account for every purchase?

[C]

Well, for every purchase, it's like, no.

[B]

If you know you're nearing zero, how are you not freaking out when you're going and swiping?

[C]

Because I don't know. At that moment, at that moment, it's.

[D]

Like you spent a third of your.

[B]

Income going out to eat. A third?

[C]

Really?

[B]

What do you think $1,000 versus $3,000 is? It's a third?

[C]

I guess it is. I don't know if any.

[B]

Oh, my gosh. Ladies and gentlemen, that is, by all technical metrics, a better school and university.

[C]

Hi.

[B]

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[D]

Get that.

[A]

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[B]

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[C]

Well, you know it was probably on MSU's fault it was probably their fault.

[B]

Because you're not making them look better.

[C]

I know that's the I'm saying like they only accepted me because they lowered their standards DEI for yeah. Didn't earn it.

[B]

You did not earn going there.

[C]

No.

[B]

Are you except is he clinically? I don't think so. Wait, I want to make sure Are.

[C]

You clinically never diagnosed but I wouldn't be surprised if if you know a good doctor in this area. I don't leave till tomorrow morning. So if you want to get sending.

[B]

You to a doctor.

[C]

No, not sending me just recommend and I could go. I'll get clinically diagnosed for you.

[B]

Stop, stop, stop.

[C]

Just so you can.

[B]

I think it just. I don't know. You're obviously. What did you. It was in zoology. But I mean I never care about this and I've never even asked this in my life but I have to for you. What did you graduate? GPA?

[C]

Let's just say it was.

[B]

What did you graduate? GPA 2.97 okay, so almost 3 PO 3.0.

[C]

Yeah, it was all right but high school I had a 4.2 in Detroit. Yeah, I. I have a feeling you don't believe me on that.

[B]

No, I do. In Detroit.

[C]

Well, is that surprising?

[B]

No, it's the opposite of surprising. I. I see it all right in front of me.

[C]

Well, thank you.

[B]

Oh, what the f. Was that it was that it just a wings purchase Any overdraft That's the entire account?

[D]

Yes, that's it. What did I just look at? It's one purchase the entire month. The entire month was.

[C]

It was well worth it.

[D]

It's one purchase.

[C]

I'm trying to get around to where you are right now.

[D]

It was one person.

[C]

You know, I think it's funny, too. I'm just trying to understand it, but it's funny. I mean, that. That one purch just made it go negative, right? It sure did.

[B]

It sure did.

[C]

Well, I'm glad I can make you laugh, Caleb.

[D]

I've just never seen anything like that in my life. And I filmed so many of these.

[B]

Oh.

[C]

Oh, man.

[B]

Yeah.

[C]

That's the end of it, I think.

[B]

Oh, you ended with negative $39. Okay.

[C]

It's better than negative 100.

[B]

Yeah, sure is. Oh, okay.

[C]

Are those Altoids?

[B]

Tom?

[C]

I want an Altoid. I don't know. It sounded like an Altoid.

[B]

It's a Tom.

[C]

Okay. No, thank you. If it was an Altoid, I was.

[B]

Gonna ask, but it's also just from my pocket. Oh. Bass Pro Shop classic card. What's going on with this card, big guy? First debt of the day, 53 minutes in.

[C]

I. I wanted, like. I'm really interested in outdoors animals, right. You could see from my degree, right? So I wanted a Bass Pro one so I could go fishing, get cool stuff for fishing.

[B]

We maxed out a $2,000 credit card to go fishing. It was not of our interest. Of animals. Is you catching fish?

[C]

Well, no, I don't catch fish. Ever. I try to, but. Okay. So you can use that card anywhere, right? And I did that because I had money left over from spending at that shop. I was like, well, I could use it somewhere else. Right? Mm.

[B]

Okay. $1,852.93 on here. $422 of purchase is pushing it all the way up to almost max.

[C]

And that. That purchase was well worth it. It was the Ray Ban meta.

[B]

The glasses, they're not even wearing them.

[C]

They're. I have them here. I just. I'm not wearing them.

[B]

Dude. Why?

[C]

So my prescription. I've.

[B]

But these. Just sunglasses.

[C]

No, they're just glasses that record.

[B]

Not prescription. No.

[D]

Why would you even want that?

[B]

The only reason I got is because if I'm going to wear glasses anyway, I might as well capture more clips.

[C]

So my side hustles, right? Photography and pressure. Washington. I use them for, like, behind the scenes. Like me using the camera of which you post.

[B]

Where?

[C]

I post them online.

[B]

Where online?

[C]

Like Instagram and Facebook. I made pages. Yeah. People booked me through.

[B]

I need to see. Pull up your Instagram. I need to see.

[C]

Really? All right.

[B]

You're surprised? $58 minimum. To payment.

[C]

Which one would you rather see? Pressure washing. Okay, I have two videos.

[B]

There's two posts, seven followers following. Three.

[C]

Okay, well, to be fair, I don't get a lot of bookings through Instagram, but Facebook.

[B]

Yes, pull up your Facebook.

[C]

It's probably about the same amount of followers, you know, but no, like, I post on, like, you know, the local community pages.

[B]

Photography, Instagram.

[C]

Okay.

[B]

You go meet high schoolers with your meta ray band recording glasses.

[C]

Yeah, but it has, like, a glowing light, so they know it's recording. The parents are always there too, so no need to worry. Come on, stop. There's my.

[B]

It's a little better. I mean, you're following more people than you follow, so it's probably lots of follow. Follow back. Um, I was.

[C]

I was trying to, like, dumb down the amount of. Or take all the. Not dumbed down. That was a stupid word. I'm. I was trying to, like, delete followers that I was following so it would be like a positive ratio of, like, following and followers.

[B]

I thought you said you were talking. I was looking for the behind the scenes stuff. You said you post behind the scenes stuff.

[C]

Oh, well.

[B]

Oh, but there's a BTS story. Let's view it.

[C]

That was, like, from six years ago when I didn't have the glasses.

[B]

Oh, yes, yes.

[C]

But so my ex.

[B]

That was the whole point.

[C]

No, I know. The whole reason of the video or the glasses was to make the videos. Right. But I have all the videos and I don't post them. They're just, like, in, like, an arsenal of, like, I could just.

[B]

In a hard drive somewhere.

[C]

I mean, technically, yeah, it's on a hard drive, but it's on the cloud.

[B]

Governor Whitmer, if you are listening, check the hard drive of the high schoolers.

[C]

It's on the cloud too, though, so.

[B]

That makes it legal. You bought them at Bass Pro shop, didn't you? Right, because it was there. And then the Port Huron Yacht Club again, the Colony Club again, and the foxfire. What's foxfire? 60 bucks.

[C]

Mm. It's food.

[B]

Dare I ask why?

[C]

Because I was out with a few friends and we wanted to go out to eat, so. Yeah, I mean, that's my reasoning. Their food's good.

[B]

Food's good. 31.24% interest rate on this.

[C]

Well, that's on purchases made out of.

[B]

Bass Pro, which is the majority, as that's where $1,500 of the balance is.

[C]

Yeah, which 32% doesn't take that long to pay off.

[B]

Huh. How long do you Think it takes to pay off? If you make minimum payments only without making purchases, of which, by the way, you are incapable of not making purchases, how long does that take to pay off? Please inform. Not that long.

[C]

14 years.

[B]

Okay. Just about 12. That's not that long to you. No, you'll be approaching 40.

[C]

If I make at any point a larger payment than the.

[B]

Sure, but you purchase while also not making any larger payments, which is all you do is purchase and bring it to the max over and over again.

[C]

Well, I don't know. I just. It just doesn't faze me at the moment, like, when I make the purchase.

[B]

Okay, so that's the goalpost we've pushed as it was gonna be paid off quick. No, it's not. Now it's. I. It doesn't faze me.

[C]

So.

[B]

Of which point I ask, what the is the point?

[C]

I mean, just my main point of all this is just like, you know, like from the beginning, money just is a social construct.

[B]

I got you. Then. What are we talking about?

[C]

We're talking about, like, my cards and.

[B]

All right. This is for you out there then, because. Sake, we're gonna see them under a bridge someday. Msu. Fcu. Msu. Federal Credit Union. Well done. They got their own bank. We love to see it. What's going on with this card?

[C]

So that card.

[B]

This is insane for your income.

[D]

What the $9,584.58 balance, borderline maxed out. $10,000 credit card. For what? For what? You purchased $500 on there when you only made a minute to pay it.

[B]

This takes 30 years to pay off. This takes 30 years to pay Off.

[C]

Right, but you'll be 55. That's still before I retire, though.

[B]

You're never gonna retire, buddy. It's your.

[D]

What the did you do? What did you possibly do?

[B]

A minimum payment, $191.

[D]

What the is this?

[B]

Hundred dollars of interest, huh? What's going on here? What the.

[C]

So that card. I got it in college, my first year on campus. Oh, my. No, it was a year before I went on campus, and. And I was trying to use.

[B]

It was a year before you went on campus, Right.

[C]

Cause during COVID it was like 20, 21, I believe I got that card and it was like.

[B]

Oh, that's why you're like this. We were in school during COVID We're finally starting to see them.

[C]

I mean, I'm essentially an iPad kid, and I.

[B]

Yes.

[C]

Yeah. And I don't have social interaction. I'm getting. I'm new to It.

[B]

You know this is your first one.

[C]

Yes.

[B]

Okay, so you open this card and you didn't have social interaction, so I.

[C]

Spent a lot of stuff on it that did not need. But I justify those purchases because my.

[B]

You said you were out with friends the other day. That's why you got that previous purchase on the last card.

[C]

Right? But this. The high balance has been stuck because the high balance in the interest. Right, But I. When I was in college and I was about to move out, it was a year after I graduated. So last year I put my down payment of my new.

[B]

No, you said you graduated two to three years ago, right?

[C]

In 2023.

[B]

But you're saying whatever you're talking about right now is a year before you graduated, which would have been three to four years ago. And you're saying last year.

[C]

No, I'm confusing myself. So I graduated in 2023, but I got the car just before I graduated.

[B]

What? The car you said you got in your first year?

[C]

No, the card. I got the card, but then the.

[B]

When did you get the card, buddy? Draw it, please. Just draw it, please. Draw the timeline.

[C]

I. I can't follow.

[B]

I can't follow your brain. I need to visualize this. Let's start from scratch.

[C]

Perhaps I get this open. There we go. Okay, so this MSU card, I got it in.

[B]

Focus on the drawing. Since you can only focus on one thing, focus on. Get it on paper.

[C]

There's the card. I got it in, I believe 2021.

[B]

Okay.

[C]

And then it was just like normal.

[B]

It doesn't make sense because you said you got it when you first started college. And if you're graduating in 23. I doubt you started college in 21, but it lines up with your Covid thing.

[C]

No, it does. Like, I started.

[B]

We had community college for two years and then transferred.

[C]

Well, I mean, I did go to community college, but like my first year of MSC was online.

[B]

Okay, so your first year in person?

[C]

Yeah, my first year in person was the end of 2021 school season.

[B]

Oh, okay. Keep going.

[C]

So I got the card day to day expenses. I was just purely using that because I believe during that time I didn't have. I had like one part time job. So I was like. I was just wanting to pay my rent and everything, all that and. And then skip ahead a few years of just using day to day drive.

[B]

Okay, I want to follow.

[C]

I'm trying to focus on everything, so. And then focus.

[B]

Focus on the whiteboard.

[C]

Okay. I might need help.

[B]

Just focus on the whiteboard. Don't talk. We're putting music here.

[E]

Just.

[C]

Just draw the. And then 20. 20.

[B]

Just. Just draw. Okay. There's lots of boxes. Okay. This box has wheels.

[C]

Yes.

[B]

So this is a car.

[C]

I had a perfectly functioning car. And then I passed the dealership right after graduation, and I was like, that looks shiny.

[B]

Does this have to do with the credit card?

[C]

Yes. I put down payment of my new brand car. Brand new car on this credit card. So I put $5,000 down payment on this card. Dude.

[B]

And a, like, 30% interest credit card. In what world did you talk to your parents before you did this for any advice?

[D]

So.

[B]

Well, you said you weren't even financially independent until after college, and you were in college here. Right. What's the date? Put the date. Put the date. Put the year.

[C]

Okay. 2023. Right. So I got that.

[B]

Okay.

[C]

And then on the phone call to justify my purchase to my mom, I.

[B]

Was like, this was afterwards. After you already did it?

[C]

Well, I was talking to the sales guy as I called her. I told her that my old car, the 2017, had a recall because it did. And I told her the sales guys recommended me. I get this car because it's the other car.

[B]

Sales guy. Yes.

[C]

Yeah. He got me a nice car.

[B]

And your mother said, yes, do this?

[C]

Yeah. Because I was, like, trying to justify it. She was like, yeah, if there's a.

[B]

Recall, what was the recall?

[C]

Nothing about safety. It was just about, like, the screen. I wanted to justify my reasoning.

[B]

Oh, my.

[C]

So, I mean, I feel like there was a reason and it was. It was decent.

[B]

Whole reason. It was a reason. Had a reason. It was a very bad reason.

[C]

I'll agree with you on that.

[B]

Good, I'm glad. Because honestly, I wasn't so sure.

[C]

Okay, well, I'm just saying that this car was worth it. Yes.

[B]

Okay, good. Somehow even more simple than the previous car. Actually, no. We have four things on there this time. A box, a car, two dates, an arrow, and an arrow.

[C]

So I'm doing better as we go along.

[B]

Wayside Central.

[D]

Sushi, Twisted Fork.

[B]

Wayside Central. Looks like we're going in and getting some bull at Wayside Central. Going and getting some bs. The Burden Grill and going in and getting some BS In Cottage Inn. Cottage Inn and Chuck's Shop. And safe.

[C]

Yeah. You ever heard of those? Like Amazon. Like, repurchase. Like, it's like a mystery box.

[B]

It's like your mystery boxing from Amazon.

[C]

Yeah, it was like this resale store, and they had, like, the Amazon packages that don't get claimed, and then they.

[B]

Spray and this is American consumerism's fault, not you.

[C]

I mean, just the idea you're going.

[B]

To a store no one has ever heard of in their lives and buying mystery boxes from old Amazon items. Well, and that is America, not you.

[C]

I mean, technically correct. Because the just them putting out the idea that like, I mean, isn't that enticing, though?

[B]

No, not really.

[C]

Like you don't know what you're going to get. You might get like a 600.

[B]

That's the thing about Amazon. I like. I know what I'm getting.

[C]

Yeah. But the mystery of it. It's like you could be getting a $600 pair of shoes in the box.

[B]

You're not.

[C]

I didn't.

[B]

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

[A]

We could buy a house in Tulum, get optioning those options. We could lose everything. Or let's do a little research. Get your head in the trade and.

[B]

Make the investment decision that's right for you. Learn [e-mail] TradeSmart and you won't.

[C]

Why is that?

[B]

Because the math of the economics surrounding what is needed to make that a viable business means you will probably not get it statistically. Oh.

[C]

I mean, on some of these cards, I've put, you know, the scratch off lots lotos and I. I haven't won on them.

[B]

Our hero ever.

[C]

But our hero.

[B]

Yacht. Yacht. B.S. crafty crab.

[C]

Not sure what that is.

[B]

Dude, you've had thousand dollars of interest last year, $704 this year. This is crazy. And this is at a 12.9% card. It's not as far as credit cards go. It's not even that bad. It's still really bad. I need to be clear. But the fact is you lost that much in interest and it's only at 12.9. That's a crazy.

[C]

This balance is, you know, interest rate compared to like other cards. I was like, even though the balance is high, I'm like, over time, if it was a higher interest rate, I'm saving money.

[B]

This takes 30 years to pay off. Well, yes. If you put this on this card versus a 30%. Yes, you save money, but I mean, that's it. You still lose money compared to anything else. Lose money compared to the stock market. Lose money compared to basically any other investment. You could do real estate, whatever. Mm.

[C]

I don't. It's the lowest interest rate of a card I've ever seen.

[B]

So it's like, oh, 13%. Great. Wonderful. Okay. Home Depot. What are you doing at Home Depot? I told you it was see in the understall.

[C]

So this is probably my most, second most recent credit card I've opened. Wow. It was my mom's birthday.

[B]

So we go to Home Depot?

[C]

Well, yeah, because the fridge and the dishwasher that we had at our house or her house.

[B]

You gifted a fridge and dishwasher?

[C]

Yeah, I mean it was like falling apart and I was like.

[B]

Which is lovely.

[D]

You have no money.

[C]

I know.

[B]

I dying in death. You're not in the position for this.

[C]

I know.

[B]

Caleb, go in with them on something, maybe at the max.

[C]

Well, it was a surprise. How can you go have these on a surprise?

[B]

Well, you wouldn't be able to and it wouldn't be a surprise. And I'm sorry your little 30 seconds of joy wouldn't have been there. I'm sorry, but you'd be better off. Now if you want to land a high paying job but don't have experience or a degree, then you need to learn about course careers. It is the easiest way to land the high paying career that you've been dreaming of. I've done financial audits for hundreds of people and what I've learned is that the single biggest factor someone can take to improve their life is getting a higher paying job. And that is why I've been such a huge promoter and even an investor in course careers. The way it works is you simply go through an affordable online course to start a new high paying career path. They teach many different in demand jobs ranging from technology, sales to accounting, construction, project management, the trades like electrician, plumbing, H vac, supply chain and many others that can be done remotely. And the coolest part about course creators is their platform works for people who don't have any previous experience or degrees. Their courses teach you everything you need to know to land your first entry level job. And they have a 100% free introductory course for each career that teaches you all about what the job is like, how much money you'd make and how exactly to land your first job was starting from scratch. Click the link below to sign up for one of their free courses today.

[C]

It's just that like I love giving and I know I didn't have the money in my checking. Right, I didn't have the money in my checking.

[B]

Yeah, you don't have money anywhere. You bounced with literally one purchase to a wing place.

[C]

Again, I'll hold that to my grave. Their wings are good.

[B]

I didn't say they were bad.

[C]

I know, but like the negative Balance. It's like it justifies it.

[B]

You spent double the price.

[C]

Right. But at the same time, I got this card because my mom deserved those. She. She did. She.

[B]

She. Is it mom and dad or just Mom?

[C]

Just Mom.

[B]

Does she make money?

[C]

Yeah, she makes about the same as me.

[B]

Okay. So if you can afford it. She can afford it. And you can't. Meaning she can't. Probably. But I don't know. Her debt situation, however, it would indicate if you guys came together and went 50, 50, maybe that would have been. Okay.

[C]

That would have made sense.

[B]

Again, I'm not saying I don't want you to do this.

[C]

Right.

[B]

You can't.

[C]

I can't. But in this situation, I did. You know.

[B]

We know you did. And $309 of deferred interest has accrued already. When will it hit by?

[C]

Believe it's February.

[B]

It is February. Okay. So it's supposed to be paid off in five months. 1-75-9.535 months. It needs to be a wait. Yeah. Was it $350? Hey, you're not even. You're not making the payment necessary. Okay. $352 is needed on a monthly basis to pay it off before deferred interest hits. And obviously we need to do that because it is accruing at 30% interest. So we'd rather save that money.

[C]

Deferred interest means like that interest won't hit, right?

[B]

It will if you don't pay it off in time, which is February.

[C]

But.

[B]

But if you pay $352 on a monthly basis, you will pay it off in time.

[C]

Yes, but those side hustles. I will make sure that it's paid off before then.

[B]

Cool. You spent fifteen hundred dollars more than you made last month. Spent a thousand going out to eat miscellaneous bull alone looks about $900. Unknown shopping usually. Amazon, Walmart, you know, stuff we can't. 100%. $600. Other large purchases which we'll go over. $330. I don't believe you discover it. What's going on?

[C]

That card I opened as soon as college started too, when I was in person. My buddy in college actually recommended it to me, but he was. He was a lot more structured. He paid it off after every purchase. Like I was originally going to do with all my credit cards.

[B]

You were originally going to do? What changed?

[C]

Consumerism.

[B]

Oh God, dude.

[C]

No, it's like consumerism.

[B]

Still spending. Why don't you pay it off?

[C]

That's because sometimes the goal. Sometimes I wouldn't be getting as many hours at my part time jobs. So I would just.

[B]

You've given me so much confidence from your side hustles to pay off the previous card before the deferred interest hits.

[C]

No, I mean I always definitely make sure. I mean besides like a few late fees I get, it's like, I don't know, I always find a way to make it paid off, not paid off. I make payments.

[E]

But.

[B]

Okay, yeah, you made your payment. Minimum through payment is $118, 97 and 93 cents of interest accrued. It takes 19 years to pay off minimum due payments only. Credit score 664. We see this is at a 24.42% interest rate. $665 of interest this year so far. That's two months ago actually technically when the statement was.

[C]

So I actually called Discover and got my interest rate lowered.

[B]

Temporary. It's usually a temporary thing. Well, I don't know for sure, but it typically is. It's like usually a hardship temporarily. But also they probably close your ability to purchase on there. Thank you. Because you're not a credit card person, you can't manage credit cards to save your life. Listen, I'll get you the fizz card debit card that builds credit. So I'll get you that. If we ever want to upgrade your career as well, boost your resume, course, career certification, I'll get you a free one. Change lots of people's lives in the audience and on the show as well. Okay, we'll get you that. And when you're ready to set money aside, I'll also get you set up on the Webull app. It's a good place. Lots of intro balances when you intro rewards when you get in there, hundreds of dollars when you transfer money or put money in. And temporary yields up to like 8% on your money. So there's a lot of good things. And I'll set you up the resources and all our classes and all that stuff. Okay. But you're obviously not a credit card person. That is as clear as day.

[C]

Well, it's, it's as long as I thought of that in the beginning that.

[B]

I was a fifth third bank. It's nostalgic as a Michigander. Haven't heard of that in a long time. $3,309.58. What is going on with this card? $71 of interest, minimum to payment $103.44. What's this?

[C]

So that card is the very first credit card I've ever opened.

[B]

Okay. And I know you technically haven't said that, but you've kind of set up the other ones almost sounding like they have been. But I get it. This is the very first one.

[C]

Yeah. And it's. I've pretty much kept the same balance because I'll do is like, just do, like, small little purchases. Like, I do like this kind of.

[B]

Oh, my. The reason you got into this credit card is insane. This debt. This. This. The credit card debt on this one's insane.

[D]

Because you guys have a ritual in.

[B]

College to go on a spring break trip to Myrtle beach, and then he got arrested.

[D]

He got arrested for what?

[B]

Taking pictures of young girls?

[C]

No, no. Definitely not the reason, but, yeah.

[B]

What was the region reason?

[C]

So in college, I would go on spring break trips with my friend group. And yes, we would. We would have fun. We'd go out to eat, go. Go drinking. And then. Yeah, just.

[B]

Yeah, that's what they arrest people for.

[C]

I mean. Yeah. In 2022, spring break, I was this card.

[B]

Yep.

[C]

Yeah, I was. I was dragging a cone through the street.

[B]

Okay. Not a young woman back to your place.

[C]

No. Okay, continue.

[B]

And you're dragging a cone through the street.

[C]

Yeah. To bring it back to the Airbnb. Because who doesn't want a traffic cone in the Airbnb.

[B]

Yes. Who doesn't?

[C]

I don't know. Ask everybody.

[B]

But you love trains as well.

[C]

I do love trains.

[B]

Okay, what was your punishment for this arrest?

[C]

Probably close to a thousand in fees because I had to do, like, a life class, alcohol class, and I had to do, like, I believe, 24 hours of community service. Dude.

[B]

In a state that's not even your own.

[C]

No, they actually wanted me to come in person for court for hearing, but.

[B]

Yeah, that would have been crazy.

[C]

Yeah.

[B]

14 years to pay this card off. This is insane. Is this still on your record?

[C]

No, actually, after this year, it'll be gone. I never paid the 250 to get expunged.

[B]

Oh, okay. Interest is here. So far, $500. That's insane. 25. I mean, this year, so far, we've had thousands in interest, meaning by the end of the year, we're multi. Thousands of dollars of interest. 25.74% interest rate. Been to Myrtle Beach. I hated it. But I'm not a part of your. We're back to msu. Fcu. Oh, this looks like a car. Was this. This very special car you got the. Wait, no, no. What is this? What am I looking at? I believe that's a signature loan. You have a personal loan?

[C]

Yeah.

[B]

$776, 96 cents. Personal loan.

[C]

It was a $2,000 loan.

[B]

For what and when and why?

[C]

So it was my apartment right before I graduated college. I wanted to be able to just like make sure I could make my rent payment.

[B]

Why weren't you making your rent payment?

[C]

Because I wasn't working as much as I.

[B]

Why weren't you working as much? Why'd you get the apartment?

[C]

Cause I thought it'd be worth it. Because it was with all my friends. I was splitting.

[B]

Fun. See, it's always for fun. See how this works?

[C]

No, I mean for fun. Like you gotta have fun in life, you know?

[B]

Yeah, but you don't have to destroy everything to get there. You can have reasonable fun. You locked yourself into a 12 month contract. That's something you couldn't afford in order to live up the party life you wanted to.

[C]

Yeah, and I mean, those parties were fun, but it paid for my rent.

[B]

So the personal loan, how many months did you have to borrow or pay for on the personal loan?

[C]

What do you mean?

[D]

Like, how many months of rent did you pay on your personal loan?

[C]

Oh, okay, so I paid probably like six or seven months of rent.

[D]

Half your term after lease agreement. That's insane. And now you're still paying. You're still. You were done in 20, 23, two years ago, and you're still paying your.

[B]

Apartment at a 13.49% interest rate. That is insane. That is disgusting and insane.

[C]

It's not insane. You.

[D]

What?

[C]

You want to know why?

[B]

Why you're still paying for your rent two years ago on a dramatically high interest rate? Yeah. Go ahead, tell me what's not insane about that?

[C]

Because the way that.

[B]

Fun. Yeah, no, tell me what was your reason?

[C]

So the interest rate on this kind of loan, I believe it's like already calculated out. So it's not like. I don't know how it all works, but it's like. It's like 68, 23amonth. It's. I don't know, it was like. It. I'm saying is like it was worth it, like to be able to get my apartment so I could like hang out with all my friends.

[B]

You should have worked more and just paid for it, dude.

[C]

I did have like, even student loans.

[B]

Maybe would have been better than this.

[C]

I mean, I did have like three to four small jobs to be able to pay, but I was.

[B]

I have two real jobs then.

[C]

Yeah.

[B]

Synchrony. What's going on with this?

[C]

That was my most recent card. I. Oh, good. I needed new tires on my car.

[B]

The $1,270.60.

[C]

My justification is because it would be three years worth of tire.

[B]

But will it be? Hopefully, if you get a pop.

[C]

Well, the reason I got the extra like $100, it was gonna be like 1100, I believe I got like the protection. Like if it popped, I could get a replacement.

[B]

$64 minimum payment, fees adjustment. Why? Why is there a $30 fee? 6 years to pay this off. Why is there a $30 fee, because.

[C]

I was in there. Like the combobulation of like.

[B]

Comboulation.

[C]

Yeah, of like putting everything in my Google Calendar.

[B]

You were in the what?

[C]

I missed the payment. I was.

[B]

Because it wasn't in your special Google Calendar. Why don't you have things on autopay? If there's one thing that is similar across every guest that comes on financial auto. No auto pay.

[C]

Because I don't want to go as negative in my checking as I can.

[B]

But you shouldn't be. You shouldn't be spending $1,000 going out to eat 700 or 800. No $900 of miscellaneous bullshit. And then you wouldn't be.

[D]

Yeah, it's a late fee.

[B]

You had a late fee because of your combo Google Calendar. Yeah.

[C]

I mean, it got lost in the sauce. I was trying to put it all in there. I missed it.

[B]

It got lost in the random Google Calendar. You're putting random women's names in the Google Calendar? Run events, three days of work. It's confusing. It makes no sense.

[C]

I don't know what else to do. Like, do I put like a different calendar?

[B]

I don't pay. If you're going to pay them regardless, what's the point then?

[C]

But the way I have been doing it.

[B]

Wait, is this deferred? Oh, it is. A Deferred interest at 35% says it'd be paid off mid next year. What are we in?

[C]

I know.

[B]

So we need to pay this off in. Let's call it nine months. $1,270.60 divided by nine. You got to make a payment of $142 a monthly basis. Pay this off. And you didn't then the late fees certainly the won't get us there. I'll tell you that. Got to do that. Or this, this is going to. This is going to accrue hundreds of dollars of interest at that 35% interest rate of death. Yes, that number is real.

[C]

I didn't know it was 35.

[B]

Of course not. Why would we pay attention to numbers if we don't think they're real? That's when our worldview impacts us. Sounds like a slur. What is this? What is Kinch.

[C]

It's my car loan.

[B]

Oh yeah? What's the car?

[C]

21 Ford Edge SEL.

[B]

Listen, if your income is. It's not thrilling. The amount owing $26,836.37 with the minimum monthly payment of. And you must have a long term for this to work. $386.33. What is your term? What's your interest rate?

[C]

9.29, I believe.

[B]

What do you think it's worth?

[C]

Kelly Blue Book told me like 21 18.

[B]

Kelley Blue Book says, by the way. So that's a lie and that's private party. That's not even trade in. Deduct about 2,000 for trade in so off. I don't know. Kelley Blue Book two years ago when he bought it. Yeah, maybe. So you're underwater by, you know, $8,000 or so and then you have, what was it, a 5,000 hour max out credit card from the down payment. No, $10,000. 5,000 hours of which was the down payment.

[C]

I actually had to increase the limit so that I could put the down payment on.

[B]

Great.

[C]

Yeah.

[B]

This is insane. This is at 9% interest. That other ones at 16% or 15% or. No, no, I think it was 13%. The MSU. FCU. Oh my gosh. And the term must be. This has to be like a eight to ten year term. Probably eight years.

[C]

It was like 72, 84.

[B]

What was the interest rate on your old car that had a screen issue?

[C]

2.9. Oh, I didn't know of the 9% until.

[B]

What?

[C]

Yeah, because I was like, I guess you're right.

[B]

When your worldview is numbers aren't real, why would you look at the numbers? You see how that you.

[D]

Do you not see how that you.

[C]

No, I do now, sort of. But.

[B]

How'S the car doing?

[C]

Pretty well, actually.

[B]

Oh, that's brand new tires. It better got winter tires too up in Michigan, huh? Yeah. Even though you're in east Michigan where it snows substantially less. Anyway.

[C]

Yeah, it helped me move my brother over to Wisconsin. He just moved there and I drove him.

[B]

Wow. We got 2,000 hour tires. So we can move someone to Wisconsin.

[C]

Yeah, I mean it helped to do that, but the day to day and like having that car with the new tires, it's like, it's nice to have.

[B]

Very cool student loans. So you did use student loans, but why didn't you use it for the rent in your last year? Instead of putting it. You put it on an insanely high interest rate personal loan.

[C]

Because some of these loans that that were taken out I would use for like day to day expenses.

[B]

Also like what were you capped out on? How much you could borrow? What was happening? Could you borrow more? Where were you? I mean it doesn't sound like your mom's the highest earned income earning person. Which I don't know if you get Pell Grant taxes, but you would definitely get very generous subsidized student loans. No?

[C]

Yeah, we got fafsa. It covered a lot of the tuition but.

[B]

Huh. But why didn't you get more instead of putting it on a personal loan? I'm not happy you did that regardless and didn't work. Well. You worked very weird. Or got into a rent situation for fun instead of something you can actually afford. Because I guess that's all that matters when it comes to getting our degree is fun regardless. Student loans would have been a better option either way.

[C]

Very possible.

[B]

Incredible response. Remember the question I asked is why didn't you?

[C]

So the reason I didn't is because at the moment we were me and my mom, we verbally agreed that like we just wanted me to like have fun and get through college and get my degree.

[B]

Your mom agreed for you to just around and have fun. I called her right now. She would agree with that.

[C]

To not f around but just to get me through college.

[B]

Exactly. But you said to have fun.

[C]

What? I used it for that.

[B]

Disgusting use of our money. I'm going to put a $50 payment. You'll get on the repayment assistance program when you're forbearance ends. Your forbearance ends is going to. Because you were probably on the safe plan it looks like. Right? Were you on the safe plan?

[E]

Yeah.

[B]

Okay. Forbearance end will end mid next year. I think it's about June. June or July. When that ends, you're going to get on the WRAP plan. The repayment assistance program. It is the new low income driven repayment plan under the BBB and I'm going to assume that's going to be about 50 bucks a month.

[C]

Yeah.

[B]

So that's what I'll put in. Actually don't need to put that in now. So I'll cross it off and we won't add it to the budget. But you will have to expect to pay that. But you actually have to apply to be a part of that or else you're probably going to get auto enrolled into just a traditional 10 or 20 year payment program. Remember if you stick to this income driven repayment program. 40 years. You have to make qualified payments for you to have a chance for it to be forgiven.

[C]

40 years for a chance.

[B]

Yes, if you make your payments.

[C]

Okay. I mean, 40, 40. 40 years is a long time, but $20,000. I mean, I. I do make decent amount of income.

[B]

True, but not after your expenses because you've. You've just maxed out all these credit cards, taking out stupid loans in a car you probably can't afford, while also boosting your checking accounts to their overdraft status. Is that all your debt? Cause I have another checking account in front of me. Is that all your debt?

[C]

I believe it's all my debt.

[B]

We ended at $2,000 with this one. It went up from one. What's in your checking account right now?

[C]

Right now? Probably 260.

[B]

$260.

[C]

Yeah.

[B]

Okay, great. That's in about 15% of. What is that? Great, great, great, great, great, wonderful. Illustrator, Colony. Party store. Yeah. Getting some party source. Probably just booze going in. Getting some bull. Getting some BS. Getting some BS.

[D]

Getting some B.S. spotify going.

[B]

Some reoccurring purchase for $30. I don't even know. Staples, Tractor supply. Bullsh, bullsh. Bullsh, Bullsh, bullsh. Bullsh. Going in and getting some BS. Going in and getting some BS.

[D]

Mobile Kitchen, Taco Bell, Facebook.

[B]

You purchased something $23.87. Are you doing advertising?

[C]

Yes, that was for advertising.

[B]

Better have a return on investment. But I don't trust you to say it does. Pixies, Herrick house, zelling out. 250. Microsoft, Xbox. It's $10, so it's just Xbox Live, I think. Speedway. Yeah, he went and got some bullshit. Went and got some bull. Senor Tequila, Amazon genie withdraw. Amazon, PayPal now. Money. So the, the leggers. Bootleggers. Yep.

[C]

Yes. So the Zelle and all that. Like the paint.

[B]

Reoccurring purchase, $30. I don't know what it is, though. He went and got some bullshit as well.

[C]

Yeah, there's some reoccurring purchases that I always see that like.

[D]

Yeah, reoccurring.

[B]

Here's another $30. I still don't know what it is though. It's blacked out. Liquor store, Cabana blue.

[C]

Some of the recurring purchases, I don't.

[B]

Know where they are from. Getting some bull. Tequila.

[D]

Tequila, Tequila. Dairy Queen. Tequila. Tropical Smoothie. Tequila. Get into BS, Photoshop, Applebee's, Google.

[B]

Google. I don't even know. Reoccurring $30. Reoccurring $30. Oh, dude, you even know what that is? That's crazy. That's crazy. Oh, 209 in this account, down for 546. I guess that's your savings. Well done. Acorns, $122. Remember, when you sign up for Acorns, it's $20. Using my link, it's usually $5. So go get yourself a free 20 to sign up for Acorns, but. And it's good. But you only have $122 in there, so I don't know. Retirement System 2,200. So you are just getting started off, so I'm not gonna freak out about that, but, yeah. Just pull up your phone. There it is. Open it.

[C]

All right.

[B]

Open and give. Open and give.

[C]

There you go.

[B]

I'm gonna fucking find this hard drive. Looking at your subscriptions, he has peacock, Lose it and Alarmy alarm me. This is iPhone. The alarm app is perfectly good. I use it every day.

[C]

So that's the thing.

[B]

That's a $60 thing.

[C]

The reason I've lost so many jobs in college is because I'm not able to wake up, and I was late many times, so I had to get a subscription to wear an alarm that would wake me up.

[B]

It's like, does it even make sense? Does that make sense? It's on the same phone. Get a physical alarm. Yeah, I want to hear it too. We'll listen to it in the post show. But get a physical alarm if that's your issue.

[C]

I have three physical alarms. Okay.

[B]

We got.

[C]

Do you. I have four alarms on my desk.

[B]

Yo, you have a girlfriend? Yeah. She live with you?

[C]

No.

[B]

Uh, yeah. Body wash. My God, it's like 10 in one. Shampoo. Running shorts. Running shorts, mouthwash, Picture frames. Monster Ultra Energy. I share a lot of picture frames. I share Bruiser accessories. Dazzle. License plate.

[C]

That's not mine.

[B]

Car coasters, charging things. Sparkling ice, black raspberry sparkling water. How much of this is yours? Because we got Diet Coked, and we're back to the monsters. I'll probably stop it there because it looks like we're starting to recur, but I don't know what your $30 reoccurring thing is. That popped up, like, five times in one month in your checking account.

[C]

I'm not sure either, but there's sometimes in the past where it's like, there's these subscriptions for Disney plus, and I can't figure it out. And one time I figured out that it was someone in Florida that was using my card, and I just. For the year and a half, I just let it Go. Because I couldn't figure out where it was coming.

[B]

Debit card.

[C]

I believe it was my credit card.

[B]

What are those purchases? What does this say in your phone?

[C]

The $30? Yes, I can double check. I'm not really sure.

[B]

Yeah, you can pull up your checking account real quick. I'll start adding up your while you look.

[C]

It was $30 even you said.

[B]

Yeah, constantly. Do you have an undacted version that you're able to look?

[C]

Oh, that I have like on the actual web for my 5th 3rd account I have like this automatic transfer to my savings.

[B]

That's what it is. Okay.

[C]

It gets like once a month.

[B]

Your savings does nothing. No, but that was $30 like five times a month.

[C]

Oh no.

[B]

Okay. Your debt minimum payments are $1419 if we do the Home Depot and synchrony card minimum payments required to pay it off before the deferred interest. I think we should. Except can we? I no longer know because that is already half your income. 3100 is your monthly income on average. What is your rent currently?

[C]

600.

[B]

Okay. Detroit, ladies and gentlemen. Internet, gas, electric, all that good stuff.

[C]

All utilities combined, all those are included. So it's only 600.

[B]

Detroit ladies and gentlemen. Phone bill.

[C]

That kind of ties into the 600. My mom helps me with that.

[B]

Does she help you with it or does she pay it?

[C]

I'm on her plan.

[B]

Does she pay it? Do you give her money?

[C]

I give her money.

[B]

How much do you give her?

[C]

I believe it's like 25amonth.

[B]

Okay. When you need a switch, if helium is good in your area, do helium. We like helium. It's. You'll probably be at 15 bucks a month for the same service as T mobile. So. Okay. Gas. Vroom vroom. Drive, drive. Very car dependent city, Detroit.

[C]

I spend a lot of money a month.

[B]

How much is that?

[C]

Probably 300amonth or more.

[B]

Car insurance. How much or more? Okay, I'll say 350. Car insurance.

[C]

About 130.

[B]

Highest car insurance state costs. By the way. Michigan fun fact. 300. For groceries, use the budget friendly cookbook. Meal prep. Meal prep, Meal prep. Warm up and microwave. TP fund. Anything else you need to survive. Hundred dollars. Medical, healthcare. Are there co pays and whatnot?

[C]

Yes, $30.co pays.

[B]

But how frequently?

[C]

I only go to the doctor like twice a year maybe.

[B]

Okay then I'm not putting it in your budget is necessary. Subscriptions will try to say 30. Do you have any pets?

[C]

My mom. There's like four cats and I help sometimes to buy their stuff.

[B]

Don't she does. You need to get out of this. You need to get out of this. It's time for you. We need to separate. I'm sorry. It's just like you. I don't think. I don't think this budget's gonna actually make you to a survival point. So we definitely can't pay for anyone else's. And we don't know what her spending looks like before you even support her. Yeah, because you break. You barely have money left over $2,954. Meaning if you. If you do this help, you're barely breaking even. And that's if you don't have any funds spending at all. But even still, this gives you $146 left over on a monthly basis. You have student loans. We'll do minimum payments until we pay off. So $70,561.06 of loans we are going to, minus the $20,646.46 of student loans. You have $49,914.60 of bad debt at $146 a month, big guy. That is 341 months. That is known as 30 years. Rounded 30 years to pay off the debt. So this is impossible. This is impossible. And here's the thing. This is kind of a. This is the thing. And I'm gonna call her and I'm gonna yell at her in the post show. I have a note here that the girlfriend is not supportive of his financial journey. He said he even told her apparently in my notes that he needs to spend less money. And she did not like that at all. So I'm gonna call her. I'm gonna. It is time to have that confrontation and that real talk. Because this is impossible. This is impossible. So a couple things I'd recommend. One different career path. Get in. Make more money. That helps. And then still live the same lifestyle that I budgeted. Not elevated. Not the lifestyle you're currently living. Then you can pay off the debt quicker. Go get a second job. We know you have five, four days off a week. Go get a second job. You need to bring in more money that will help pay off this debt. Bring it to an extra 500amonth. And all of a sudden that. What was it like $50,000 becomes paid off in 100 months. It's not great, but it's eight years. Certainly better than 30. Bring an extra thousand dollars to bring it down to four years. There we go. That's doable. Or number three, prove to me that you can make your minimum monthly payments required and not spend money on bull. Follow this budget for three whole months. Three whole months. And then I will allow you to go through bankruptcy. That won't. You're not going to. Well, let's not use the car in that. Even though I would definitely get a cheaper car if I was you. But unfortunately the math doesn't work for that. And two actually yeah, maybe get because then you'll get a predatory loan to get a $10,000 car. Car we might deal with later but at least get rid of the credit cards. And obviously not student loans. And probably not. And definitely not. Well, we won't do the car. Those are the three options I'll let you consider. But either regardless, it needs to be three months is what I need to see. And then I'll talk to you again of perfect following this budget, no questions asked because you don't have the wiggle room. That's it. And then we'll talk strategy. Those are the three paths. All right, I'm gonna call his girlfriend in the post show so make sure you subscribe to Hammer Elite to come watch. Well let's get his Hammer Financial score spending in a budget. He overspent 0 out of 10 debt horrendous for your income, but there's no collections. IRS that 1 out of 10 emergency fund not even a thousand dollars. 010 retirement for your age being on track with where we need to get to by 30. It's 100 grape you are just getting started. 2 out of 10 but it's expected to be 2 out of 10. Real estate as expected right now is 0 out of 10. But spending your budget doesn't have to be 0 out of 10 right now. Debt doesn't have to be 0 out Of 10. An emergency fund doesn't have to be 0 out OF 10. Okay. Those don't have to be far the at your age. The expected low ones are retirement and real estate and those increase with age and that's reasonable and that is fine. Okay, that's gonna be a Hammer financial score. Barely made the cut. To round up to a 1 out of 10 click that join buy and join Hammer Elite for three premium shows posted every single day Monday through Friday including the post show. An extra 20 minutes of this episode where we are going to call the girlfriend and have a very tough conversation. I'll see you guys there.

[A]

Gary is planning really really really wants.

[C]

To move to South Carolina.

[B]

How the are you gonna make this move?

[A]

Gary needs a wake up call.

[B]

You're gonna call and tell her now.

[C]

I ultimately want to, like, move down to South Carolina.

[B]

No, I thought people were not moving.

[C]

I've not wanted to say this to you because I know you like to go do those experiences and all that.

[B]

Yeah, well, that's called being in a relationship.

[D]

Elusive Members Content Click the link in.

[B]

The description or pinned comment below and watch thousands of hours of extra and uncensored content. Limu Emu and Doug Limu and I.

[C]

Always tell you to customize your car insurance and save hundreds with Liberty Mutual.

[B]

But now we want you to feel it. Cue the Emu music.

[D]

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[B]

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[E]

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