He Treats His Wife Like A Dog | Financial Audit

Summary

Financial Audit Podcast with Caleb Hammer

Episode: “He Treats His Wife Like A Dog”

Date: November 24, 2025
Guests: Cooper & Shayla from Tyler, Texas

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Overview

This episode of Financial Audit takes a deep dive into the financial habits and relationship dynamics of Cooper and Shayla, a young married couple from Tyler, Texas. The discussion is raw, unfiltered, and at times tense as host Caleb Hammer unpacks their unconventional approach to household money management, mounting debts, spending habits, and critical lack of partnership in financial decision-making. The episode’s main theme explores the dangers of financial disengagement within a marriage—especially when one partner has total control, offers an “allowance,” and the other remains passive, uninformed, and unempowered.

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Key Discussion Points & Insights

1. Money Dynamic & "Allowance" System

• Cooper is the sole earner (recently lost a high-paying job, new job pays less).
• Shayla receives a fixed “allowance” of $200/week for discretionary spending; all bills are paid by Cooper.
• Shayla had previously asked for a “raise” in allowance when household income was higher but is now reluctant due to a recent income drop.
• Caleb challenges the setup as infantilizing and damaging to partnership:

  “Is she a child? ...Why is it a set amount? ...How is this dynamic?” (01:28–02:08)

2. Employment & Income Instability

• Cooper describes being fired from a lineman job after a crew error resulted in multiple houses sustaining electrical damage (three homes affected).

• Explains that in his dangerous industry, mistakes typically result in immediate termination, regardless of individual culpability.

• Notable quote:

  “If you mess up, it’s over. Like, there’s no second chances.” (02:11)

• Despite the firing, Cooper quickly found another lineman job (industry demand remains high), though pay is now about half his previous income.

• Cooper supplements income by working Fridays as a ranch hand for his father ($203/week after tax).

3. Financial Transparency & Partnership

• Shayla expresses little knowledge or participation in household finances, repeatedly stating she “just lets him take care of it.”

  • She’s on all accounts and has access but chooses not to engage.
  • Caleb points out the risks of this arrangement and criticizes both partners for a lack of accountability.
  • Notable exchange:

    Caleb: “Why aren’t you willing to be a participant, your partner?” (09:35)
    Shayla: “I don’t... that stresses me out.”
    Caleb: “But this doesn’t? ...You have agency!” (11:29–12:51)

• Shayla cannot estimate their total debt and is unaware of loans Cooper has taken.

• Caleb highlights that healthy financial partnership requires open conversation and shared goals, not just permission and passivity.

4. Debt & Cash Flow Problems

• The couple has over $26,000 in assorted debts (credit cards, affirm loans, student loans).

• They have zero in savings and negligible retirement funds.

• Their past annual income was as high as $180K–$200K, but they “have nothing to show for it.”

  • Shayla: “I feel like when you look at the total number, it doesn’t look that bad.” (11:49)
  • Caleb: “It’s $26,941, which honestly doesn’t even match up with how thick this [debt folder] is. That means we have a ton of individual debts and a lot of chaos.” (12:04)

• Cooper’s financial philosophy:

  “She’s never had to worry about anything. Everything’s always taken care of, buddy. The bills are paid.” (10:22–10:28)
  Caleb notes: “People who say ‘the bills are paid’ are usually the ones who have missed payments.”

• Tracking of spending is abysmal. Majority of discretionary income goes to fast food, subscriptions, retail purchases, and impulse buys.

• Frequent use of high-interest debt tools like Cash App and Affirm for everyday expenses—in several spots, Affirm debts at ~36% interest are used for things like bedding, a school laptop, or even grills.

5. House Purchase Plans & Asset Decisions

• Cooper and Shayla plan to buy a $120K manufactured home using an acre of land gifted by Cooper’s parents as collateral.
• They defend the move as being cheaper than renting, believing it will give their two kids space to roam.
• Caleb protests: Manufactured homes are depreciating assets; the plan locks them into illiquid debt and eliminates flexibility; rental options exist and may be safer as they stabilize finances.
  • Memorable moment:

    Caleb: “You’re locking yourself in. I don’t understand...rent gives you flexibility. It’s a little more expensive upfront but...more flexibility which is honestly more worth it at this point.” (22:30)

• They face additional upfront costs (e.g., drilling a well – $25K) financed into the loan.

6. Future Earning Prospects & Aspirations

• Shayla is pursuing an associate’s degree (plans to graduate May 2026) and hopes to become a paralegal.
  • Caleb warns about automation threat to such roles: “If AI can do literally one thing, it’s that.”
• Cooper is interested in project management as a less physical career path, seeking to escape the strain of lineman work.

7. Patterns of Disengagement & Dysfunction

• Caleb repeatedly urges Shayla to advocate for herself and participate in their financial life. Her reluctance is plain:

  • Shayla, on Cooper’s secret Cash App loans: “I hope he pays it off and doesn’t do it again.” (13:01)
  • Caleb: “What are you going to do about it?”
  • Shayla: “There’s nothing I can do. I can’t—” (54:54)

• Even when faced with evidence of reckless borrowing and spending, Shayla fails to assert a stance:

  • Caleb: “Do you get steamrolled in every instance of life?” (55:26)
  • Shayla: “No.” (55:35)
  • Caleb: “Then show me some of it. Have a conversation with your husband about how he is destroying your house.” (56:17)
  • Shayla: “I don’t know what I would say...I’d just tell him to pay it.” (56:36)

• Caleb gives a scathing assessment of their partnership:

  “Your passive rightness... It's not a disgusting quality, but it’s horrendous. It’s going to hold you guys so, so far back.” (56:09–56:16)

• Occasionally, Shayla asserts herself—e.g., vetoing a motorcycle purchase—but says this is rare.

8. Family Influence & Patterns

• Cooper’s father is very financially disciplined and often encourages Cooper to pay off debts; Cooper admits to lying about paying off his truck just to appease his father’s “nagging.”
  • Memorable Post-Show Moment: Cooper calls and confesses to his father that the truck isn’t paid off as he'd claimed. (92:06–92:24)

9. Budget Reality Check

• Caleb dissects their expenses, revealing:

  • Over $1,100 spent last month on eating out and fast food (with minimal home cooking or packed meals).
  • Over $4,000 spent in a month on “complete and utter bull.”
  • Zero emergency fund; financially vulnerable to any minor setback.

• Caleb tries to establish a lean budget, showing they could fix their situation in 12–18 months by addressing the debts and capping spending:

  • Minimum debt payments: ~$1,535/month
  • All necessities—rent, utilities, car payments, insurance, groceries—are doable if discretionary spending is slashed.

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Notable Quotes & Moments

• On Control and Passivity:

  “Why are you incapable of saying any of these words without him saying it for you?” – Caleb to Shayla (00:18, recurring at 56:52)

• On Reckless Debt Use:

  “You made $180,000 last year and you were revolving a $650 Cash App loan endlessly to maintain this bull. This is unacceptable.” – Caleb (52:27)

• On Allowance Dynamics:

  “All the bills are paid, buddy.” – Cooper (00:11, repeated throughout)
  “She gets $200 to pretty much do what she wants with.” – Cooper (00:07, 09:09)

• On Partnership:

  “I don’t need you to manage him...But to be involved—maybe you bring a different perspective...In a healthy dynamic, you can have a conversation, he can bounce things off of you, you guys strive to achieve goals together.” – Caleb to Shayla (13:09–13:46)

• On Financial Goals:

  “What do you want? …Oh, what a joke. What is wrong with you? Not an emergency fund. Not to pay off debt. Not to get a house. Not to retire.” (81:05)

• On Parenting and Responsibility:

  “They did not consent to come into this world. You chose to bring them in. And you’re over… Endless birthday… endless Spider-Man posters… endless plastic bull.” (41:14)

• Summing Up:

  “This is the easiest fix…You can pay this off like this. Don’t get the stupid trailer. Don’t focus on that. Pay off that emergency fund, catch up on retirement and then do what you want with the house.” (90:06–90:40)

Specific Segments & Timestamps

• Allowance and Income setup explained: 00:07–09:09
• Cooper’s job-firing story: 01:44–07:02
• Shayla’s disengagement and passivity: 10:22–14:26, 54:32–57:10
• Debt and cash flow analysis: 11:49–52:27
• House buying plan discussion: 16:54–24:46
• Budget breakdown and spending critique: 79:02–90:40
• Cooper’s confession to his father (post-show): 92:06–92:26

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Flow & Tone

The episode is high-energy, sometimes chaotic, and deeply candid. Caleb is blunt, often sarcastic, and uses humor and incredulity to highlight just how dysfunctional the couple’s financial systems and communication are. Cooper is honest, at times defensive, while Shayla remains largely passive and withdrawn, rarely advocating for herself—or their family’s future.

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Summary for the Uninitiated

If you haven’t heard the episode:

• The “allowance” headline is real: Shayla gets pocket money from Cooper and has little financial voice or context.
• Both partners admit decades of bad spending habits, but their real threat is passivity and lack of teamwork.
• Despite high past earnings, they have minimal assets, no savings, and escalating debts sustained primarily by takeout, impulse shopping, and a lack of budgeting.
• Host Caleb Hammer is unfiltered and unsparing, driving home the dangers of disengaged financial partnership and how easy it would be for this couple to right the ship—if they could work as a team.

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Takeaways

• High income means nothing without conscious saving and shared purpose.
• “Allowance” setups in marriages often breed imbalance and resentment, not security.
• Financial partnership requires both awareness and participation from all parties.
• Minimal, intentional tweaks (slashing discretionary spending, debt payoff focus) would dramatically change this family's future.
• Emotional passivity and poor communication are as dangerous as high-interest loans to household stability.

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Hammer Financial Score (End of Episode)

• Spending/Budget: 0/10 (overspending, no tracking)
• Debt: 2/10 (tolerable amounts but bad structure, late payments)
• Emergency Fund: 0/10
• Retirement: 1/10 ($3,600 in Fidelity account)
• Real Estate: 3/10 (land worth $25,000, minimal utility yet)
• Overall Score: 1.5/10

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For the full episode and detailed post-show, find Financial Audit with Caleb Hammer on YouTube or your favorite podcast platform.

Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube. My wife wants a raised in her allowance. Is she a child?

[B]

She gets $200 to pretty much do what she wants with. All the bills are paid, buddy.

[A]

I'm sorry.

[B]

The bills are paid. Why can't one person be okay with taking care of finances and one person?

[A]

And why are you incapable of saying any of these words without him saying it for you?

[B]

We talk. I mean, we.

[A]

We really? Or do you talk?

[C]

He has the job, so there's nothing I can do. I can't.

[B]

What?

[A]

You can't have a conversation? You can't have a conversation, Husband. Black Friday starts now. Master your money. My all in one personal finance membership is finally live. It is every single course I've ever made, exclusive content and a members only community. Click the link below and become the member of the best money membership on the planet. I'll see you inside.

[C]

Hi, I'm Shayla. I'm 25 years old.

[B]

And I'm Cooper. And I'm 27 years old. And we're from Tyler, Texas.

[C]

And this is Financial Audit.

[A]

Taylor, Texas. Right. Tyler.

[B]

Tyler.

[A]

Oh, whoopsies. Tyler, Texas. Okay, well, welcome in, guys. Thanks for coming down to Austin. I really do appreciate it. I like to go into these blind with the audience, but I glanced over as you guys were, you know, doing a little intro, and the one note I saw here was, we're on because my wife wants a raise in her allowance.

[B]

Yeah.

[A]

Is she a child? What the. What. What are we talking? Allowance?

[B]

That's just what we call it. So we're a single income household.

[A]

Is that you?

[B]

That's me.

[A]

Okay.

[B]

I work.

[A]

What do you do?

[B]

I'm a lineman. I build power lines.

[A]

That makes money.

[B]

Yes.

[A]

I've had many people on the show that do that, and it makes money. How much do you make?

[B]

So I just got fired from a job.

[A]

A job? Are they.

[B]

No, no, no, no, no, no, no. They're W2.

[A]

So you got fired from your job?

[B]

Yeah, so I got fired from my job.

[A]

Fired? Not laid off?

[B]

No, no. Fired. So moral of the story is how. How the lineman industry works is if you mess up, it's over. Like, there's no second chances.

[A]

Well, yes. That seems like a very dangerous place to mess up.

[B]

So it's one of those things where I. It wasn't technically me who messed up, but it was my crew that messed up.

[A]

What's the entire crew fired?

[B]

Yes. The entire crew was fired.

[A]

The entire crew was fired?

[B]

Yes.

[A]

They couldn't pinpoint Nope. Because of one flaw for.

[B]

From one fall.

[A]

Listen, when I just got typed, so sounds like three flaws.

[B]

Well, yeah, we. It was three houses, technically.

[A]

Three houses that.

[B]

Three houses that got blown up. So, yeah, pretty much how it works is we had a two. I know this can be Chinese, but we had a two pop bank.

[A]

We were Chinese.

[B]

You don't do it. So you're not gonna 100% understand what I'm telling you. Okay, so you take where we have two transformers and we gotta hook them together. All right, I understood that. So you have quadplex, which is four wires.

[A]

That's quad.

[B]

Yep. That's quad. Yep.

[A]

Okay, so far, not so Mandarin.

[B]

Okay, so you have to tape all those. You have to tape them by each color. So red, white, blue.

[A]

Now, red, white, and blue is complicated. I almost didn't get that one.

[B]

Yeah, yeah. So red, white, blue. So then you cut them and fill them back. Take transformers down to put them back up. Well, that's all easy. That's the easy part. Well, what they didn't tell us was we were taking a two bushing transformer and changing it to a one bushing transformer. But when you do that, your polarity is off. You got to change all that stuff.

[A]

Why didn't they tell you? Wouldn't the person get fired who didn't tell you?

[B]

No, no, it doesn't work that way.

[A]

Okay. Now, does this make it hard for you to find another job since you blew up three houses?

[B]

No. No, no, no, no.

[A]

Oh, good.

[B]

No.

[A]

Well, that makes me feel really good when I see people working on the lines.

[B]

No. No. Great. So how it. How it worked out was the three houses got blown up, the foreman got fired, the lineman got fired, and the rest of the crew got fired. Because it falls on the foreman, huh? Because it's the foreman fault. Foreman's fault. It happened anyways.

[A]

Well, was he the one who was supposed to communicate?

[B]

Yes.

[A]

Oh, so the person who didn't communicate did get fired.

[B]

Yes, everybody got fired.

[A]

Good. Okay.

[B]

Yeah, everybody got fired. So what should have happened? What should have happened is when we swap those pots, you gotta. You gotta swap the H bushings. Well, that did not happen, okay? And what should have happened is we should have pulled all the meters to the houses, cut it on, check voltage. That's what should have happened.

[A]

Why didn't it.

[B]

Because my foreman did not want to do that.

[A]

Didn't want to? Didn't you guys want to? And you're like, hello, Mr. Foreman, please.

[B]

I was trying to convince him to say, hey, we probably need to check voltage before we do all this.

[A]

And they, like, actually, like, didn't like.

[B]

Oh, yeah, no fan was sparking. Light bulbs.

[C]

Electrical.

[B]

Yeah.

[C]

It didn't, like, blow up in flames?

[B]

Light bulbs were blowing up? Oh, yeah.

[C]

Just electrical.

[A]

Almost everything inside the house was exploding.

[B]

Oh, yeah. We found out the next day that a house was full of smoke because of their dryer.

[A]

Was anyone living there?

[B]

Oh, yeah.

[A]

Okay.

[B]

So after that. So I went and met with my boss's boss.

[A]

Oh, he sounds like Hank Hill, doesn't he? Oh, now I can't. I'm gonna hear it.

[B]

I met with my boss's boss, and pretty much he said, hey, this is the story we're getting told. We're told that nothing was taped up. Blah, blah, blah, blah. So me and him got into it a little bit. Cause I was like, dude, if you go out there right now, you'll see red, white, blue tape on everything I said. But I didn't put it back together, which is another reason me and my foreman got into it. I took it down, I taped everything up. He put it back up.

[A]

How long were you working this at this job?

[B]

How long was I here at this.

[A]

Company at that company?

[B]

Two months. Yeah, three months.

[A]

What was before that?

[B]

So I worked at Shelton before that, and I worked there for two or three months.

[A]

And what happened?

[B]

I drug up there to go to Line Tech because they paid more.

[A]

Okay. And then he got canned, and then I got canned.

[B]

And then I was. Now I was fired on a Thursday and I had a job on Monday.

[A]

Well, that's good. I mean, yeah, obviously the industry is in very high demand. That's why the pay with it is so substantial.

[B]

Yes.

[A]

You know, so it makes sense. I'm a little concerned that it is a mandatory firing when something goes wrong. But you can easily immediately get a job.

[B]

Yes.

[A]

Seems weird to me, especially when people were living in these houses.

[B]

So everything got paid for, everything got replaced.

[A]

I'm sure this.

[B]

No, no, no, no. Our company paid out of pocket to fix all their stuff.

[A]

You don't think your company has insurance for things going back on the job? Well, okay. What were you making at this job?

[B]

I was making 48 an hour and 150 a day per dim.

[A]

Okay. And now.

[B]

Now I make 46 bucks an hour and zero per day.

[A]

How does that. How does that translate? What hits per paycheck? And what's that paycheck size?

[B]

Get paid over two weeks, and that's roughly $3,000.

[A]

Okay. 6,000 bucks a month. What was it before with the pre.

[B]

Diem and everything included 1312 or 13,000, I think. I think good. We were making like 20, 2200 to 2300 a week.

[A]

So income cut in half and you're asking for a raise for fun money or something?

[C]

Yeah.

[A]

Yeah, tell me about that, please. Income just got cut in half.

[C]

Well, not so much anymore. I'm not asking for a raise.

[A]

So you were right before.

[C]

Well, yeah.

[A]

What happened?

[C]

He was making more money and you.

[A]

Were like, money, please. Money for me. Money in my hand.

[C]

Yeah.

[A]

Why is it a set amount that she's getting? How is. How's this dynamic?

[B]

So this dynamic has been.

[C]

So before he was at the two companies that he just was at. He was where he's at now. So he started the year where he's at. The company he's at now. I don't. We don't say.

[B]

Yeah, the company.

[A]

No, don't say the name. It's fine.

[B]

The company that I'm at now, I've worked for. I worked for a year and a half.

[A]

Yeah, well, that's great. But what's Yalls dynamic with money?

[B]

Okay, so when we got together, I was a peon at a company doing the same thing I do now. So we were making no money.

[A]

Okay.

[B]

So kind of like where we are now. I've worked my way up into a better position making more money. The number's always been the same.

[A]

What, what? What, What? What numbers? 200 not pay. She gets $200 a week and nothing like. Are there extra things that are done.

[B]

So far as groceries, all that stuff? I cover all that. Oh, I cover. I cover all the bills. And she gets $200 to pretty much do what she wants with.

[A]

Are you guys married?

[B]

Yes.

[A]

How long?

[B]

This year will be three years.

[C]

Yeah, coming into 20. 26.

[B]

Yeah, 26 will be three years.

[A]

What's our conversations around money? Are there?

[B]

No.

[A]

Do you know what's happening? So do you want to know what's happening? Why isn't an important to be partners?

[B]

So this is my philosophy. All the bills are paid. Everything's taken care of, buddy.

[A]

I'm sorry. The bills are paid, I guess, you know, basically, you know, when people don't say the bills are paid, they actually aren't usually the ones that have missed payments. And then people that say the bills are paid are usually the ones that are missed payments. We'll see if you follow the trend, but this is crazy. This is crazy. This qualifies in the fat stack week that we've done twice now. This is legitimately crazy. So go ahead with your philosophy, please.

[B]

She's never had to worry about anything. Everything's always.

[A]

Are you worrying now?

[C]

No.

[A]

No. How. How are you not worrying? This is the roof over your head. This is utilities. This is food on the table.

[B]

This is your future.

[A]

This is retirement. Bills are paid. Bills are paid. With debt going up.

[B]

Oh, we need to add an income to that.

[A]

How?

[B]

I work for my dad on Fridays. I work Monday through Thursday. And I work for my dad on Friday.

[A]

What. What is that job?

[B]

Ranch hand. What do you make like $203 a week? That's after taxes.

[A]

203? Yeah, I think it's times 52 divided by 12. Okay, so an extra 8, 80. So $6,880.

[B]

Yeah, that sounds okay.

[A]

That's your new monthly income. That's great, but I. I'm confused why we. Again, the, the, the. The philosophy of.

[B]

Ever since we've been together, even when she had a job, before we had kids, still I've always taken care of everything. Now that's good.

[A]

Why don't you want a helping hand or.

[B]

It's not that I don't want a helping hand. She has full access to everything. If she wants to know, she's on every. Every bank account she can.

[A]

Look, why don't you want to know? What's your. What's your philosophy then around all this?

[C]

He just takes care of everything.

[A]

Good. I'm talking about why you don't want to participate or be knowledgeable.

[C]

I don't.

[A]

That stresses you out. But this doesn't. Cuz this isn't. This is. No, no, no. You have to remember, I film four of these a week.

[C]

I feel like when you look at the total number, it doesn't look that bad.

[A]

Very good. What's the total number?

[C]

I don't know.

[A]

Come on. Guess. You think around. Where do you think we're at based on just the little insights you've picked up?

[C]

Debt number? Yeah, total debt, like maybe 40,000.

[A]

It's $26,941, which honestly doesn't even match up with how thick this is. Which means we have a ton of individual debts and a lot of chaos in here. Which might be worse or better, I don't know, but I'm thinking worse with how thick it is. I mean guys, we know what comes in. And we were paid a little more, you know, because I think you got your previous payroll. At the month we're looking at probably about 11. Hint, he's taking cash app loans.

[B]

Yeah, yeah.

[C]

You know this I Didn't know that.

[A]

And that doesn't make you feel stressed?

[C]

I mean, it does.

[A]

Then what the are you gonna do about it? You have agency.

[C]

What is agency?

[A]

Are you able to advocate for yourself, for you guys? Are you able to stand up and have an opinion and have a thought? Then what are you gonna do about it?

[C]

I hope he pays it off and doesn't do it again.

[A]

Well, that sounds like a great hope. Except I hear you guys wanna buy a house in a couple weeks, so.

[B]

Yeah.

[A]

What the are we talking about? This is not a place where we get a house. 11,000 came in last month, out 13,000 or sorry out 12,593. 11 came in, spent 1,500 more than came in and we're getting a mortgage. Yeah, I, I'm concerned with your lack of willing to be a participant. Your partner. I, I don't need you to manage him. I don't need you to tell him what to do. But to be involved, maybe you bring a different perspective and that's, you know, in a healthy dynamic you can have a conversation, he can bounce things off of you. You guys strive to achieve goals together. Maybe you can't be a single income household with the mess you guys have gotten yourself into. Well, that's, Maybe you can't.

[B]

We do that to a certain extent. Like if there's a big financial decision that has to be made, we talk about it. It's talked about.

[A]

But, but she doesn't have the context of the overall situation of which we are making a decision in.

[B]

No, but she doesn't want to know.

[A]

I know. And that's the issue that's huge.

[B]

Why is that an issue? Why, why can't one person be okay with taking care of finances and one person.

[A]

Because you're not. And you're not being held accountable. There's no accountability here. And you're dragging her down and she's accepting it, which I don't understand. It's self destructive.

[B]

I feel like we both share accountability.

[A]

She's not willing to be a part of the conversation, which I guess you.

[B]

Get through the, through the statements. We kind of both self sabotage ourselves.

[A]

What do you mean? I, I thought she got 200 bucks a week.

[B]

She does, but she also has affirms and I have a friend.

[A]

Why are you going to debt into debt if you're getting 200 a week?

[C]

I don't know. Because you can buy more.

[A]

I know, but you know you're getting 200 a week.

[C]

Yeah, I manage my 200 a week and Sometimes.

[A]

Do you? If you're going into debt?

[B]

Yeah, well, sometimes on those affirms too, it's like. Well, her credit was better than mine at the time, so. Like the Betty's we got for our bed.

[A]

Okay.

[B]

That we had to have that.

[A]

Okay.

[B]

So I pay that payment. It's on her affirm, but I pay it so she'll say, hey, the Betty's is due this week. And I'll send her the extra $50.

[C]

You'll have to look it up.

[B]

A week? Yeah, you'll have to look it up. It's the best thing ever.

[C]

It's Vet Inc.

[A]

Uh huh. Okay, that's great. Well, we're trying to get a house now, Taylor. It's pretty cheap. I have the house you're considering buying. It's not that expensive at all. No, but are you guys in a position where we can even consider getting a house? I don't know if I would suggest so. It's like you, you're only getting worse in debt. She what? Okay, $200 a week is what you're getting. What were you trying to. The only advocation you've ever done for yourself is asking for more instead of knowing what the total of the financial situation was of what you're trying to withdraw from. But what were you trying to raise it to? From 200.

[C]

Like 300 a week.

[A]

Okay.

[C]

Not much more.

[A]

And what were you gonna do with that? What was the difference? Well, you guys are trying to get. And again, when we're doing the ha. When we're doing the finances together, that means we have align goals that we're trying to get to and we do everything we can together to get there. And that means making the purchasing decisions in our lives based on that. Those goals. And you raising to 300 might not. Might not be beneficial. So that's why you should know where you are. No, now, I mean, the reason it's so cheap is it's a manufactured home.

[B]

Oh, for sure.

[A]

And why are we doing that? I'd appreciate an asset. It's not really what I'm trying to get into. I know. I think your mom gifted you an acre, right?

[B]

Yes.

[A]

Okay, well that's good. So that's appreciating now with a brick and natural physical home. So we could go up more.

[B]

But we were talking about doing a. A barndominium first.

[A]

I don't even. Dude, you're just throwing words.

[B]

You don't know what a barndominium is.

[A]

I live in society.

[B]

It's a society place. It's a House. It's a metal. It's a metal building. It's. It's essentially built from sheet metal.

[A]

Okay. And I live in human houses, but.

[B]

Well, that is a human house. That's like the big trend.

[A]

The big trend. Okay. I mean, it's called barn, but.

[B]

So we were going to do that, but with me changing direction in career and her going into the field of what she wants to go into.

[A]

So you're going to go into a field?

[B]

She's finally going to do something for paralegal. She's studying to be a paralegal.

[C]

Okay.

[A]

And what does that look like?

[C]

Like, when do I graduate?

[A]

Yeah, when are you done? What are you doing?

[C]

I have my associates in May of 26.

[A]

Okay. And this is what you want to do? Paralegal. I could see, I listen, it's full speculation. No one can guess what the horizon looks like when it comes to AI. I feel like paralegal has to be one of the first ones to go for.

[C]

What Paralegal like to get rid of paralegals.

[A]

Yeah. Because this is going through documents all day.

[C]

Yeah.

[A]

If AI can do literally one thing, it's at least that.

[C]

Yeah.

[B]

And then I'm trying to get out of my field to go into project management.

[A]

Well, why?

[B]

I'm 27 and my body hurts.

[A]

Ah. Yeah. It is very physical. But what kind of project management?

[B]

Either construction project management or I, I kind of want to stay in the field I'm in. And I can work for the same companies I work for now as a project manager. Just running jobs now.

[A]

I still don't understand why we're trying to get a manufactured home. Something we know goes down in value.

[B]

We don't want to be. Don't buy. Well, it's cheaper for us to buy. We already have.

[A]

Temporarily. Temporarily.

[B]

Well, yeah, but we can always.

[A]

You don't know. Long term. Yes. Depreciating. And I know you wouldn't sell an apartment, but even still, long term, you don't know what repairs are going to come with it. You know, getting everything hooked up utility wise and whatnot.

[B]

Oh, no, I, I'm probably the only thing we have to pay for on that is for them to run the wire from their pole to my pole and I do everything else.

[A]

What, what's the. Well, it's $120,000 manufactured home. How is that more? How's that cheaper than rent? You're talking monthly payment?

[B]

Yes. They pay 1600amonth in rent in a.

[A]

You don't need a square foot where.

[C]

We'Re at there's not much.

[B]

Yeah, there's not much to choose from.

[A]

Like, okay, now anytime anyone's ever said that, I look it up and yes, there is.

[B]

And you can probably find cheap. We looked at cheaper. I think it was 1200 and it was a rat's nest. And I'm not gonna put my kids.

[A]

I wouldn't say. Oh, you have a kid?

[B]

We have two.

[A]

Whoa. What are the ages?

[B]

Four and is going to be two next week.

[A]

And we put them in a manufactured home.

[B]

Yes, they're not bad. I mean, a. Manufactured. Manufactured homes have come a long way.

[A]

They have. This is usually where they are. Aren't the best areas, but I know you're on your own land and it's an acre.

[B]

It's our first home. We're not trying to do anything crazy because like I said.

[A]

But you're locked into a large loan where a rent is not a large loan.

[B]

I know, but this does this.

[A]

You suggest that this gives you flexibility when you don't know what you want to do in the future, when this actually locks you in more.

[B]

Well, it gives us flexibility in the means of we can sell that home even. Even if we sell it. But yes, say we live in.

[A]

But then you owe the rest of a debt.

[B]

We'll say we plan on living in it for eight years. Eight, nine years.

[A]

Sure.

[B]

Figure out where we're at in eight, nine years.

[A]

Walking around and.

[B]

Yeah, I know. Sell the house and then we can go find something else.

[A]

Yes, but you still owe the rest of the debt and you're going to sell it, likely at a loss.

[C]

We could rent it out, I'm sure.

[B]

Yeah, we could probably run it out.

[A]

Yeah, we'll see what the rental market is looking like in that. And I don't know about if you guys are following market trends in Texas, but rent is down in Texas and Florida because we actually build. That's not the thing. That's not what I'm relying on. There's so much land to build. We will build.

[B]

We're gonna build at some point.

[A]

That's not what I'm saying. Look, private student loans can make you feel like you're one missed payment away from selling your grandma's heirlooms. We miss you, Grandma. Y refi says chill out. No more sacrificing the family jewels. They don't reduce you to a credit number. They actually want to see if you actually plan on paying them. And by the way, they're providing interest rates under 6%, which is practically a unicorn in the student loan jungle. I mean, some lenders want to charge so much that you'd swear they're putting Firstborn on layaway. Tired of monthly payments so high you can't afford a single sweet treat? Y Refi has gotcha. They'll rearrange your payment plan, ease the monthly hit, and even let your poor co signer off the hook. Mom or dad can finally breathe. Oh, and if you think you'll just get stuck in a call center, guess what? 4.6 stars and Google says Y Refi actually picks up and treats you like a real human shocker, right? In finance, that's about as rare as me not slamming the desk every single episode. So if you're done fantasizing about robbing a bank, don't do that. By the way, check out why Refi. They're here to help you actually crush these loans without selling your kidneys on the black market. Head to yrefy.com hammer that is yrefi.com hammer or call 889-733-978 that is 889-733978 and see how a real personal approach can help you escape the private loan nightmare. Because let's be honest, living with crippling debt until you're 90 is not the retirement plan you dreamed of. Wanna know a dirty little secret? And no, I'm not starting an only you're not broke because you suck with money. You just can't see where it's going. If your bank account is empty at the end of every month, that is not bad luck. That is bad tracking. And it's exactly why I use dollarwise. It shows you exactly where your money's going every single month. Spending subscriptions and savings all in one simple dashboard. Everything you need and nothing you don't. And when you download Dollar Wise today you'll get to try for free. Plus three months for just 999 so you can finally take control and see what your money's been doing behind your back. Click below to get started. That's not what I'm saying. I just wouldn't rely you guys are locking yourself in. I don't understand why rent gives you flexibility. It's a little more expensive upfront but it's going to be save more in the long term and it's going to give you more flexibility which I think is more honestly but worth it at this point.

[B]

Another reason we're doing that is we have two boys. These boys have to have somewhere to roam. Our oldest has a four wheeler.

[A]

I do like that idea so our.

[B]

Oldest has a four wheeler. They have 30. So we'd be moving, but are we.

[A]

Getting into a debt just for that when we don't know where we want to end up?

[B]

I guess.

[A]

Why'd she gift you that acre?

[B]

We've been talking about this acre for like a year. They're like, we'll give it to you. And we're like, okay, we'll build a barndominium. And then it just kept going back and forth, back and forth. And then me and her just decided one day that we're ready to do this.

[A]

Like, why did she have a random acre?

[C]

No, they have 33.

[B]

They have 33 acres.

[A]

They just gave you one?

[B]

Yes. Yeah, so we.

[C]

We chose.

[B]

They're trying to help us out in the market that we're living in. And with one income, it's kind of hard to go unless I'm working my butt off. Like I was at Line Tech, not getting home till nine o' clock every night. It's. It's kind of hard to go buy a nice house. So.

[A]

Okay, what are you gonna have to put down for this? 120?

[B]

No, for. So it's a land package. We have to have a well drilled. So they're putting that into the loan. So we're going to use the land as collateral.

[A]

Why. Why do you want to do.

[B]

That's the only way they'll do it. They won't.

[A]

The only way they won't allow down payment.

[B]

They will.

[C]

Not if we do the weld now.

[B]

Yeah, if we do the well through.

[A]

What's the well costing?

[B]

25,000.

[A]

Dude, you made, as far as I can tell, $180,000 last year. And I'm not really seeing anything to show for it. I'm really not. And yet we're trying to get into a depreciating asset. I appreciate. The one acre. Is that you have the deed of the one acre. Is this all official? That is good. If it wasn't attached to the acres I already had, I'd say just sell it and pocket and move on.

[B]

But that was one stipulation between me and my parents.

[A]

It's fair. It's attached to theirs. I mean, I wouldn't sell it anyway. Now. Now that I know that. Okay, now how are we affording to go through school?

[B]

Fafsa.

[A]

That makes no sense though. You guys, you made so much money last year.

[B]

Fafa. And then we're. We're.

[A]

You live in town doing. Making incredible money with a rent you can easily afford. Now your income has gone down Cash flow school easily should be investing. Your investing should be absolutely crazy right now. It's not. Listen, here's what I got. Here's my total savings. I see cash F1, $3.82. Cash F2, $2.67. BoA. Bank of America 140 dollars. Bank of America 2, 825. But you made so much money for years. There is nothing to show for it. And we could have been cash flow in school. Instead now we just have even more debt, more risk over our head and we're going to get into a depreciating asset. This makes no sense.

[B]

I've been making. I think I made the year before that. 200,000. And we have nothing to show for it.

[A]

Yes.

[B]

Why you think we're here?

[A]

Well, then listen to me. I wouldn't get a depreciating asset. Hold on to the acre. That's fine. It'll continue to appreciate rent. Keep the flexibility. Once you know exactly what you want to do, if you want to build on that property, if you want to move to another city. Who even knows? Once we're more settled down. She's in her career field. Then let's make a more permanent decision. Keep the flexibility of rent. Don't get this collateral loan on our acre that you got gifted. What's the acre worth? What's it valued at?

[B]

Like 25, 25,000.

[A]

So it's a hundred percent being taken as collateral.

[B]

Yes.

[A]

Do not do this. Do not do this. Dude, what are we doing? No, no, no, no, no, no, no. Because you can get a home builders loan at some point if you want to build on that lot.

[B]

We got. And we've. We've thought about it.

[A]

Let's think about that in a couple years. Look where we are. We're. And I got to start getting these documents. So we'll be here for the rest of the day. There's a home in your town to rent for 927 we found.

[B]

But what does it look like?

[A]

I don't know. But it's just like the flexibility that like. I mean we immediately just found that. Like that, right? Like it ranges.

[C]

Does it have all over the place?

[A]

It ranges all over the place. You guys are certainly above. It appears to be the median in the area. Like you don't need to be doing what you're doing.

[B]

Where we feel safe.

[A]

Okay. There's Taylor, Texas.

[B]

Listen, that's not. It's not the greatest place in the world.

[A]

In some parts it's Taylor, Texas. I know. If you see someone Slightly more tan than her. You start drawing your gun. It's not that dangerous. Like, I. I don't know. Tyler. Tyler, Not Taylor.

[B]

Yeah.

[A]

Taylor's the one close to Austin. Yeah, but still. Okay, let's start getting into this. Listen. And again, your entire philosophy is just wrong. I need you to participate. I'm not saying make decisions, but you need to be informed when we're. You need to have shared goals. Retirement should be one of them. Homeownership can be one of them. And you have to make the decisions. You are doing the spending, you're doing the debt. You are getting the allowance you're getting. Which we shouldn't even be doing. I don't even know. We'd have a combined account where we're allocating certain money to different things. We're doing it together. Well, we are, kind of. She's not.

[B]

She's orbiting big stuff motorcycle, for instance.

[A]

Yes, you talk to her about. But she doesn't know the entirety of the picture. To make an informed decision or have an informed opinion on that question.

[B]

Yeah, but she doesn't need to as long as you.

[A]

She does. Because if you guys have aligned goals, then she could be like, hmm, does this interfere with the aligned goal that we have based on the entirety of our current financial situation? Yes or no? Oh, she doesn't know this. She can't answer that. She doesn't even know what the goals are. Whatever. Do whatever the you want would be her answer. Because how could she be informed? This is more on you than him anyway. Because you're just not doing it. You're just being lazy. I'm going to go three, two, one. Point on point. I want you guys together to give me what you think your household financial score would be. 0 to 10, 0 being the absolute worst, 10 being the absolute best. Okay.

[C]

Okay.

[A]

Same time. 3, 2, 1, 2, 0. Okay. She thinks you're. Why do you. Why do you think she thinks you guys are doing a little better?

[B]

Because the bills are paid and everything's kind of taken care of.

[A]

We've.

[B]

Our water still turns on. We still have lights, our phones still work.

[A]

That shouldn't be a brag. When we brought in $160,000 last year, that's. What we're holding on is like, we're doing well.

[B]

Well, no, we're doing terrible because we should have at least 100,000 in a savings account with as much as we make. Yeah. Just compared to our bills.

[A]

To be on track with retirement, I'd say. Well, with where you guys are today, about 80 to 90,000.

[B]

Why do you think we're at a zero?

[A]

I know I probably agree. If you want your Hammer Financial score, make sure you take the assessment for free@caleb hammer.com. see where you stand in the world of finances where you're doing horrible, where you need to improve and you need to do to do it. And if you don't want to be like a guest who ends up on the show, make sure you download my preferred budgeting app, the Dollar wise budgeting app. New features added every single month. It's incredible. Tens of thousands of people are subscribers and they are changing their lives. And you can too at Dollarwise app, take your free trial and if you like it, sign up for the annual version. When you do, I will send my budget friendly cookbook to you signed by me. And it also saves you a lot of money when you go annual as well. But go get your free trial at Dollarwise D app. Let's get into these finances because we'll be here for a little bit. I have a feeling this looks like a firm to me. Who's a firm?

[B]

That's mine.

[C]

I say they're. Both of us have one in there. I said both of us have affirms.

[A]

Yeah. Okay. So his affirm. Why are we affirming Walmart at your income? Why are we affirming Amazon at your income?

[B]

The Amazon was her computer for school.

[A]

Hers. Why couldn't you cash flow that?

[B]

Because we didn't have the cash at the exact time. I don't remember.

[A]

Okay. In Walmart.

[B]

Walmart. Yeah. It's a grill, huh? It's a grill. It's pit boss.

[A]

Okay. Did you not have a grill? Yes. Yeah.

[C]

It was different grill, huh?

[A]

It was great. The griddle critical when we have no retirement, no savings and we want to do things together like get a house and retire and have a dignified life so our kids don't have to take care of us when we're older. Which you'll do, by the way. That's what you're setting them up for. Delaying their lives when they're about 10 years older than you. Because mommy and daddy never sacrificed enough to have enough for retirement. All they have is their acre with who knows what on it. Pull up your Amazon for me. I want to take a look. Take a little peek. What's on the ranch?

[B]

Deer.

[A]

And you take care of the deer or you kill them both. You pet them?

[B]

No, no, no.

[A]

They're really cute. I was gonna say. I was gonna say we would do a trip up there. If we could pet some deer.

[C]

But I mean, it's for hunting.

[B]

It's for hunting. They sell deer hunting ranch.

[A]

Well, that's fine. That's fine too. It's just not as exciting to me. I keep getting pet deer on my shorts. Okay, well, this is in the cart. This isn't even purchased, but yeah, he has a knitted blazer, some kind of construction hat, some pants. I assume he has none. Tool set. I'm sure he has none. Socket holder. I'm sure he has none. Bucket, work center, hardware, tool pouch. I'm sure he has none. Sure you have none of this. Just like your grill. Another tool set. Storage for $200 and then tool bucket, trunk for $75. What the. It's none of that.

[B]

It hasn't been purchased.

[A]

Yep, it's in your cart being ready, but it purchased.

[B]

It's nice. It's a nice stuff to have, but it hasn't been purchased because I can't afford it.

[A]

Huh. And then on Here, Magic John 2 pack iPhone. Okay. Phone case. That's fine. Men's silicone rings. You got a ton of rings.

[C]

Well, yeah, I constantly throw them a lot in his.

[A]

Maybe get.

[B]

I can't wear metal ring.

[A]

I can't wear metal. Oh, okay. Okay. Okay. Well, I can vibe with those. The things in your cart are absolutely stupid. Both of you are firm for me. Okay, so yeah, I want to see. Okay, so it looks like the payment, which is this monthly or bi weekly?

[B]

Monthly.

[A]

Your minimum monthly payment for these is $56.67. Stupid, man. It's stupid. I don't under. You should not have to affirm in your situation. You really don't. And if yours. Okay, well, let me take a little further look at this. Yeah, there it is. If it was zero percent. I'm chilling with it, cuz. Okay, whatever. He's deferring his money. Maybe the minimum payment thing is stacking up and it's not that healthy. But either way, whatever, he has the income to pay for it. If he's finessing, that's fine. No, it's a 36% interest. Hey, do you know that that is bad?

[C]

Yeah, yeah.

[A]

This is why she should know what's going on. Accountability is not a bad thing. Reasonable accountability. And that's reasonable. Would you question him if you knew this existed? I knew the firms existed at a 36% interest rate.

[C]

I feel like that's pretty normal for a firm.

[B]

Yeah.

[A]

She's okay with it. She's okay. This is. Oh, okay, so she's a weapon.

[B]

A weapon of war.

[A]

She's not a tool. She's just gonna enable you forever. She. She thinks everything's good and normal.

[B]

No, no.

[A]

Why? She's not concerned by any of this. She just goes with it. But if you're injured, I know you can go find a job easily when you got fired. But what if you got what for you? What if you're injured?

[B]

Then I would work from home, doing.

[A]

Something for a lot less. Most likely because your skills would not immediately translate. Or your resume. Yeah, listen, I'll get you that. Construction project management certification to course careers. I'll get you that for free. A lot of people in the audience have used it and they got into the field and they're making killings, so I'll get you that one for free. There's a lot of trade certifications and tech certifications there, so I support the switch. You know, do this while you can. But draining our savings to go to Galveston is.

[B]

Our kids haven't been. We haven't. We didn't take a vacation the year before last because I was gone on storm for 158 days. And that's a big problem for me is because.

[A]

No, the big problem for you.

[B]

Well, listen, I get to go to New York, Virginia. I get to go to all these places for work.

[A]

No, I know, but take them on a mobile.

[B]

I can't take them on work.

[A]

No, not during work. I'm saying when you go on vacation, go to New York, don't get a mobile.

[B]

Well, I'm. I feel bad because she sits at home and takes care of our kids. I agree.

[A]

So take them somewhere nice. You went to Mobile? In Galveston.

[B]

We had no money at the time. That's our problem.

[A]

We get these big changes, savings. I wouldn't have done anything anyway.

[B]

We get these huge paychecks that are 10, 5,000 to $10,000 check. Go to Six Flags, and then we go blow. Six Flags is cheaper for the kids.

[A]

Yeah, Ted, it's not for you.

[C]

They're four and two. They're not even tall enough to ride the Ferris wheel.

[A]

Yeah, then go to like a water park.

[B]

We do Splash Kingdom.

[C]

We went to Great Wolf Lodge, too.

[B]

Yeah, we went to Gray Wolf Lodge.

[A]

Lodge. I mean, at least go to Kalahari.

[C]

That one.

[A]

Oh, I don't know. I don't know. I wouldn't be spending on any of this. But if you're gonna at least do it. Allison, what are we doing? Kill me now.

[B]

It was pretty. The water was. Was clear.

[C]

Who else? When we went.

[B]

Yeah. For once in his life.

[C]

I mean, it wasn't Hawaii, but maybe that's. It was way cheaper than Hawaii.

[A]

See, wins usually correlated. Yeah, by the way. So this is your affirm, I take it?

[C]

Yes, that one is mine.

[A]

Pull it up for me. You guys have separate Amazons?

[C]

Yes.

[B]

No. Do we?

[C]

What do you mean separate Amazons? Separate Amazon accounts, yeah.

[B]

Oh, yeah, yeah, yeah.

[A]

Why'd you say no?

[B]

Because she's on my. She's on my prime account, but different accounts.

[A]

All right, well, let's see your affirm. $1,552.21. Looks like your minimum is. Oh, these payments are insane. We got. We got Target, the buckle, Amazon, Amazon Dive Bomb Industries, Betty's, Ticketmaster and Airbnb. What are we doing? What are we doing? Got laid off. He got fired. What are we doing? Why is this even an option?

[B]

Dive bomb was Christmas.

[C]

Yeah, it was this Christmas present.

[A]

This has been going since Christmas. All these are 36% interest of death of insanity.

[C]

Not all those are 36%.

[A]

Come on. No way. No way. You 0% financed? I wouldn't believe this for a single second. Would you?

[B]

No.

[A]

Uh huh. Now why do you say that?

[B]

Why do I not believe that? Because that means she would have to pay more than $50 on each one off the rip.

[A]

The payments. How do I get the. How do I get the payment? Fuck. This is complicated. To kind of. Whatever. I'm going to guess it's like 200 bucks a month.

[C]

266.

[A]

Oh, for November. So actually know that. You confuse me. What You. What's up? What did we get a target?

[C]

I don't remember.

[A]

Yeah, back in January. No, wait. July buckle. Some clothing. Amazon. Amazon, Betty's.

[C]

That's her bed.

[B]

Betty's is our bed.

[C]

Bedding.

[B]

Yeah, our bedding, not our bed.

[A]

Ticketmaster.

[C]

Matt Matthews.

[B]

Yeah, Matt Matthews. That's a trip for her and her mom.

[A]

Okay. I don't think. I know. You don't know.

[C]

He's a comedian.

[A]

Matthew Matthews.

[C]

Matt Matthews, gay comedian.

[A]

Do we know him?

[B]

He's a gay comedian.

[A]

We are big comedy heads here.

[B]

Google him.

[A]

When I saw his face, I was like, oh, that guy.

[C]

But he got big off.

[B]

Tick tock, tick tock guy. Okay, he's hilarious.

[A]

I haven't seen him, but he's been good on some things. I've seen balloons, plastic silverware, toys, toys, toys, toys, toys, toys. Piggy banks. Toys, toys, toys Watch bands to make everyone think you got a golden watch when you absolutely do not.

[B]

Kid's birthday.

[C]

Yeah, we're doing a toy story. Birthday party.

[A]

Great. How about you give them happy birthday. You're not gonna have to delay your entire lives when we're retired. Because they did not consent to come into this world. You chose to bring them in. And you're over. Endless birthday. Endless Spider man posters. Poster frames.

[B]

That was. Oh.

[A]

You are the whitest woman I've ever met in my life. She has. She has one of these. Life is like the bathroom. Sometimes everything comes out okay and sometimes you have to push it through in that cottage core looking bull.

[C]

It's for a little boy's bathroom.

[A]

Oh, I'm sure. You are the most white woman I've ever witnessed in. In person. That's wild. I didn't think people actually bought that at home. But you didn't even do that. You got it on Amazon Even worse. Dude. You get slop constantly. You just get bullsh. This is all just plastic bullshit. Just getting endless plastic bull every day of your life. She's at home shopping all day on Amazon. That's all she's doing. Is that your hobby? That and spray tans.

[C]

Yep.

[A]

How do you feel about that, big guy?

[B]

What's for a kid's birthday? For the most part.

[A]

A full month in there.

[B]

And it was just that she's an organizing freak too. She likes everything organized. So I. Plastic totes. All that kind of stuff she uses. She does.

[A]

Dude, it was like endless decor. Endless. It was all just stupid.

[B]

Well, I told her from the start when we got married, the house is yours. You do what you want with it. Sure.

[A]

Within budget.

[B]

She does. She gets 200 bucks.

[A]

She shouldn't.

[B]

You do what you want with it.

[A]

You can't afford that. You can't afford $200.

[B]

We've been making it work for the last five years.

[A]

No. You have $0 in savings, $0 in retirement. You guys have tens of thousands of dollars that you're saying that's making it work? Is that what is make the outcome of making a work?

[B]

The outcome of everything's paid.

[A]

You also have a shopping addiction on whatnot. I don't even know what the that is. Oh you do.

[B]

Yeah.

[A]

You blame your dad for getting into it. I guess. What the is that? I don't even know this.

[B]

I buy football cards.

[A]

Football cards. I've heard of baseball cards.

[C]

It's kind of like baseball cards.

[A]

Yu Gi. Oh cards.

[C]

Yep.

[A]

What the are you talking about?

[B]

I got a lot of high end football cards that are worth lots of money.

[A]

Very good. What could you sell your collection for?

[B]

I don't know. It hasn't come in yet.

[C]

This addiction just started.

[A]

How much have you spent on this? These high end football cards?

[B]

100 bucks.

[A]

Doesn't sound very high end to me. How many are you getting for 150?

[B]

It's more like a gamble. You don't know what you're gonna get. You buy a team and hopefully how.

[A]

Many cards will you get?

[B]

Oh, I don't know. A lot, Dude.

[A]

Then how can you even say you're making a return on your investment? You don't know what you're getting.

[B]

Well, I know one car.

[A]

How many?

[B]

One card's worth 175. I know.

[A]

You don't even know what you got though.

[B]

But I know that card for a fact.

[A]

How?

[B]

Because I've already looked it up. The guy sent me pictures of and everything.

[A]

Oh, good luck. Good luck.

[B]

It's graded and everything.

[A]

Good luck guy. So apparently my phone bill was higher than my grocery bill last month and that is just ridiculous. But that is why I switched to Helium Mobile, today's sponsor. And honestly, it is refreshing to see a phone plan that isn't stuck in 2008. They've got a zero plan that cost you, you guessed it, zero. No contract, no credit check, no hidden fees, just a free phone plan that actually works. And now they've rolled out kids plans too, starting at just $5 a month. So if you're thinking of getting your kid a new phone but don't want the crazy phone bill, this is your chance. And you can even earn cloud points for just using your phone or referring a friend. Then cash those out for gift cards to Apple, Amazon and more. Because hey, you deserve some holiday gifts too. Download Helium Mobile today at Helium. It's a win win. You get money and I get money. These are called affiliates and you get that sweet, sweet cash for signing up for some amazing products. The first one is Chime. This is a checking account that I personally use and you get up to a $350 bonus with a new Chime checking account and earn up to 3.5% APY on your savings. And second, my investing app of choice these days is Webull. And get a 2% match on all of your money that you transfer over. And finally sign up for automated investing with acorns. Typically the sign up bonus is only five bucks, but with my link you get $20. Ladies and gents, you get money. I get money. Enjoy. Links are in the description below. Cash app. Whose cash app?

[B]

I don't know if that's hers or mine.

[A]

$3.82 in it don't know if that's hers or mine. 5,000 came in, 5,000 went out.

[B]

Probably mine.

[C]

That's okay.

[A]

Oh good, we're going getting Whataburger, McDonald's, Starbucks, water park, Apple bill, Taco Bell, snow bunnies. Winning Walmart, that might be okay, I don't know. Are you the grocery shopping?

[B]

Yes.

[A]

What are you doing all day?

[B]

Well, we go together.

[C]

Mothers with kids.

[A]

Uh huh. Mothers with kids also usually grocery shop.

[B]

We go together.

[C]

I don't like going to Walmart by myself.

[A]

Well, don't go to Walmart. No one likes going to Walmart. That's all we have that you wanted to stay safe.

[B]

We have that in butchers.

[A]

I don't know what the thing you just called me.

[B]

It's like Heb or like Kroger or Brookshire, kind of like Rheb.

[A]

Okay. I would rather go there than Walmart. I mean I thought you again, you're trying to stay safe anyway so it's more expensive.

[C]

They don't have as much of the safety.

[B]

They don't have. They don't have all the knickknacks she likes to look at.

[A]

Well you don't get to look at knickknacks. And if you don't go to Walmart, you get to avoid the other ones that start with an end that you don't like.

[B]

Why are we making me up to not like. I never said that. I never said I didn't like those people. I work with those kind of people. What do you mean by that? Well, they're not kind of people. They're just.

[A]

Yeah, they're not people. Are you saying they're people? Are you saying they're 3/5 of people? What are you saying?

[B]

They're people.

[A]

You're making me. I can't call Tyler in.

[C]

We are not scared of black people.

[A]

We talked about going to Walmart and he called you those people.

[B]

No, he did.

[A]

Lay it back.

[B]

I never said I didn't like those people. I work with those kind of people.

[A]

He calls you those people. Who's those people?

[B]

He's trying to put me as a racist.

[A]

And that's far from what I don't want to call Tyler those people. I love Tyler.

[B]

Okay, I did say that. I said those people, but that's not what I meant by that.

[C]

And I don't, I don't avoid Walmart by myself. So what's because? Not because of color, because men like to kidnap women and children by themselves.

[A]

What kind?

[C]

Arabians. I mean anybody Arabians. I don't know.

[B]

Arabians. Of all people.

[C]

I don't even. What?

[B]

You know, like this. The statistic for trafficking is white people. Right?

[C]

Okay, well, there you go. Can't even trust my own color.

[B]

You're making it sound so much worse.

[A]

Those people. What are we talking about? What are we talking about? Who's those people?

[B]

He. So. So he brought up the people with the in. Is that what you don't say?

[A]

What I. No, I didn't say anything. No, she said you'll watch it back. She. She gets knickknacks. And I said he avoids another kind of vent at Walmart. Oh, okay. Okay.

[B]

You said you do. No, I don't.

[A]

Yeah, he said those people.

[B]

I said those people. Meant like, you can't say, yeah, people, because then you don't know what you're talking about.

[A]

Humans. Tyler is a human.

[B]

Tyler is a human.

[A]

Okay, I appreciate. Tyler is as much a human as you and me and even Arabians.

[B]

Yeah, thank you. You seem fun.

[A]

Oh, thank you. I appreciate that. I appreciate that. Saying is one of the good ones. Dude, you are. You are a mess. Those people is crazy.

[B]

Those people is crazy.

[A]

Thank you, Tyler. I appreciate you back in his room. No, for Southside food supply. For $10.

[B]

Feed.

[A]

Feed.

[C]

Probably gas.

[A]

$10. $10 of gas. Okay. Starbucks. McDonald's, Travel Plaza. More Walmart. Those people. And Dairy Queen and Dollar General.

[C]

Probably milk.

[B]

Yeah, we have a Dollar General right down the road, so that's where we get like milk and stuff.

[A]

Dairy Queen. Sonic, buddy. It's so much bull. Chipotle. What are we doing? You're dying in debt. Can't achieve any of the goals you guys want to achieve while making so much money than getting fired and then having half the income and then spending our entire emergency fund on Galveston. What the fuck? Why are we spending on all this bull? There's some more Walmart. I don't know. I don't think that was milk that time. It was so cheap. It looks like. Did you. Do you go in and get energy drinks or anything?

[B]

No, I stopped drinking energy drinks a while back.

[A]

Why?

[B]

I don't know. I just stopped.

[A]

If it's a price thing. Here, take this. You can make this yourself. This is free samples now. They're very goony branded, but these are the best tasting things, so that's gamer subs. It's like you go to Starbucks endlessly. Stupid. Make your coffee at home. Be a big boy now. Make your energy drinks at home as 25 cents a serving.

[B]

I do make coffee at home.

[C]

It doesn't taste the same.

[A]

Well then get the Starbucks beans, which by the way are horrendous. And Starbucks is horrendous. So it shouldn't taste the same. It should be objectively better in every way whatsoever. Unless you're getting some ass beans.

[B]

Even if it's Starbuck purchases on mine, it's probably going to buy coffee for her at home.

[A]

Well, it's stupid. We're only making coffee at home and we're only making energy drinks at home. Get the free samples link in the description below for those are 25 cents a serving. Once you decide what flavor you like for 10% off. By the way, using that link as well. It's so stupid. Guys have energy drinks coffee at home. No more Starbucks. No more stopping and eating some bullshit Whataburger, Starbucks, Subway. Did you just got all the chains? You don't even go anywhere interesting. You're just chain. You're a chain addict.

[C]

That's all we have.

[B]

That's all we have.

[A]

I'm sure there's locals. Tyler has some, has a couple mom pa.

[B]

They do here and there.

[A]

The off. But dude, you're going to Subway. Great cookies.

[B]

That's convenient.

[A]

Great cookies. We learned in our Hammer elite show. Fat and fatter, but horrible everything else. Subway is horrible. Horrible. And you're borrowing from cash app to maintain all this bull. Travel plaza. Oh, okay. There we go. You got a pizza place that's a little more local. Travel plaza, Water burger. Brookshire's surveying associate. Hearn surveying associate for $920.

[B]

Yeah, that was for our survey for our acre.

[C]

Oh, okay.

[A]

We're already spending so much on it. Tea market, meat market, Piggly Wiggly. That's a grocery store that you got a five dollar thing at probably.

[B]

Oh, that's when I went and bought jalapenos.

[A]

Waterburger Famous footwear journeys. I didn't know people actually went there. Yeah, that's where I get my Vans Cowboy headquarters. Whataburger. Whataburger. This is insane. You're borrowing 650 from Cash App over and over and over again to sustain this. To sustain going to Subway again. Dunkin on his Baskin Robbins. Wendy's went inside some 7 11, got some bull. Donut Palace. Sounds great. Taco Bell, McDonald's. Whataburger, sliced pizza. Taco Bell. You made $180,000 last year and you were revolving $650 cash app loan endlessly to maintain this bull. This is unacceptable. And I know I'm unfortunately gonna be disappointed in this answer, but what Is your thought on this?

[C]

I didn't know about the borrowing.

[A]

Oh, wait, really? And now what do you think? In order to maintain this, which continues to be Andy's frozen custard, by the way, PlayStation Network went and got some bull. Apple. Bill went and got some bull. Starbucks Chick Fil. A Taco Bell Apple. Wait, I got some bull. Dude. He purchases approximately 50 times a day. This is insane. Yeah. What's your thoughts this now? McDonald's. McDonald's winning. Got some bull. What's your thoughts? Because this is.

[B]

She's with me on 90% of those purchases.

[A]

Yeah, what's your thoughts? I want to hear from her purchasing that 650.

[C]

I didn't know about the bar.

[A]

Bar and.

[B]

Yeah.

[A]

What? Give me your thoughts on it. You heard it now for the first time. What do you think?

[C]

I don't know.

[A]

Oh, come on. You have to have something. Do you have no feelings or emotions inside of you? Do you have no opinions? You need to have something here. I'm concerned that you're way too passive in life and you're just going to let him steamroll your entire house into the ditch.

[C]

Yeah.

[A]

Wow. That's it.

[C]

I don't know. I don't know.

[B]

That's why we're here.

[A]

You have no opinion.

[C]

He has the job.

[A]

So are you not the one?

[C]

Face it. Well, no, he actually doesn't pay it, obviously, because he just brought us it back.

[B]

Yeah.

[A]

And you're okay with it?

[C]

No.

[A]

Then what are you gonna do?

[C]

There's nothing I can do. I can't.

[A]

You can't have the conversation. You can't have a conversation with your husband?

[C]

Yeah.

[A]

Is that the dynamic of this household is you cannot have a conversation? No, we have a conversation. Tell him what you think. Tell him what you think.

[C]

Pay it.

[B]

Okay. Okay.

[A]

Wow. Okay. So he knows that will amount to nothing?

[C]

I think he'll pay it off.

[A]

He does pay it off. And borrows immediately. It's a revolving debt.

[B]

It's a revolving door.

[A]

You don't give a. You're too passive. Do you get steamrolled in every instance of life?

[C]

No.

[A]

No. Then show me some of it. Have a conversation with your husband about how he is destroying your house right now.

[B]

That's why we're here.

[C]

I'm sorry.

[B]

I know.

[A]

And I'm trying to have this conversation with your wife who was in a. Unable to stand up for herself or her opinions in any way whatsoever, which is horrible for the future of your guys's financial household. So that's why I am trying to fix this right now. Your passive rightness right now. It's not a disgusting quality, but it is. It is. It's horrendous. It's. It's going to hold you guys so, so far back.

[C]

Yeah.

[A]

What would you say if you guys were in a room and you just found this out? Tell me what you would say to him. Tell him what you would say to him. Pretend the rest of us are not here. Have the conversation. Have the conversation. The cameras are not here. No, the cameras are not here. You just found out. You're in a room with him and you just found out one on one.

[C]

I really. I don't know what I would say to him. I'd just tell him to pay it.

[A]

This is embarrassing. What a joke.

[B]

So our conversations usually go say she found out. And she said, okay, well, what are we. What is it being spent on? Why did you take it out in the first place?

[A]

And why are you incapable of saying any of these words without him saying it for you?

[C]

I don't know.

[A]

Okay. Corey, this is indicative of an incredible partnership going forward.

[B]

We talk. I mean, we.

[A]

We really? Or do you talk?

[C]

No, I. We communicate.

[B]

We communicate.

[A]

Why? You seem very incapable of that.

[B]

She doesn't like new places. Yeah, she's shy.

[A]

Well, don't be. This is the place to do it. Couples have come on here. They put her all out there and they've gotten their. Together are you. Not at this rate? You're passive. You're laying down and getting rolled over, and you're okay with it?

[B]

I mean, there was one time we were gonna buy a motorcycle, and this.

[A]

Is the third time this has come up. Okay, so what happened with that?

[B]

Well, this is. This is a good example of her laying her foot down and saying no.

[A]

When was this?

[C]

Just a couple months.

[B]

Yeah, and what happened? Three or four months ago. So I told her I wanted a motorcycle, and she said, okay, well, let's see what we can get. So I found one that I liked. I called, did the whole deal, and they gave me my interest rate and our payment. And I think it was gonna be like six or seven, if maybe it was all the way up to a thousand. But I called her because we can't. If it's a big purchase, we talk about it. We talk about can we afford it, Is it worth it? I called her, we talked about it, and we decided it's probably not a good idea. And she's the one that. Actually, I was excited, so I probably would have just done it, but she's the One that said no, this is probably not a good idea. We can't afford it. Let's not do this.

[A]

Okay, Listen, your big excuse for not participating is all. He's the one that has a job. What happens when you have a job? What does that dynamic look like then? Because you will be getting an associate's degree and trying to be a paralegal. Then what happens?

[C]

I mean we'll. All of our money will go into one account. We'll pay the bills.

[A]

Well, we'll wheel. Wheel.

[C]

How's the dynamic at that point? I'll actually have a check going into.

[A]

Why is that what matters when it comes to having conversations?

[C]

I mean I actually. I don't know. I feel like even when I have a job, we'll still split it up the same.

[A]

Should you not build.

[C]

All of our money will go into one account and then he'll. I'll still bring money.

[A]

You'll get an allowance based on your. Not an allowance, but like based on your pay.

[C]

Well, to be able to put some in savings and stuff.

[A]

So all the money comes in into one account. He manages it. And then you get a little tax of your own money.

[C]

Yeah. To get us through the week. Yeah.

[A]

Isn't yours just bullshit? Isn't your fund just bullshit? I have your cash app right here. Isn't your fund just bullshit?

[C]

Yeah.

[B]

What.

[A]

What. What the are we talking about then to get us through the week?

[C]

Gas. Well, I mean I don't really get gas right now cuz I don't go anywhere, but.

[A]

Yeah, you have a 2 year old. Shouldn't you be going places? They going to be bored.

[C]

We go to the park and stuff.

[B]

Yeah, they're free. They have a playground in the backyard too.

[A]

But it is still gas, right?

[C]

It's two minutes down the road, but.

[A]

I guess you guys walk.

[B]

No, it's not two minutes down the road. It's like maybe five miles down the road. But I. I pay for the gas.

[C]

We fill up on the weekend.

[A]

If nothing even happened in here. This is money going back and forth in your Cash app. Nothing. Nothing was even. There was no account. It was to and from Cash App over and over again. Okay. Okay. Whose capital one? Quicksilver.

[C]

We both have one.

[A]

Oh, sake. Who owes $330?

[B]

Thank.

[A]

Okay. I think $300 last month. Huh.

[B]

Do I.

[C]

That one would have been yours because. Yeah.

[B]

So funny story. Oh. On both of these credit cards that I have on the Quicksilver and the Bass Pro have both been closed.

[A]

That is funny.

[B]

Do you the reason why?

[A]

Because you weren't paying on time?

[C]

Nope. No.

[A]

Why?

[B]

I bought some bullets.

[C]

Ammo.

[B]

Ammo. And not. But maybe a month later, both my accounts got shut down at the same time.

[A]

Why? They thought you were going to go on a white nationalist unity spree.

[B]

Nope.

[A]

Okay.

[B]

I. So both letters came in at the same time. And I don't remember verbatim, but pretty much it said, you are not the customer we want to supply credit cards to or whatever.

[A]

Okay. Do you know it's because of the ammo or because you're always maxed out?

[B]

That's the only thing I can think of. Because I was still making my payments closed.

[A]

It counts when people are maxed out all the time. I mean, your borderline almost maxed out. Your accruing interest takes 17 months to pay off. You had.

[B]

I'm not saying for sure. It was just ironic that. Yeah.

[A]

To return. I swear. Every time. Ladies. And this is the very first credit card we're looking at. You can't tell me you pay your bills when there's been a late fee this year. You cannot tell me that. So what the is happening? This lines up every time. If someone specifically tells me at the beginning of the conversation. Well, we always pay our bills. There is a guaranteed late fee. Not only that, but this last month you had to return ach payments to return.

[B]

Yeah.

[A]

So? What are you talking about? I always pay my bills.

[C]

You.

[B]

It still got paid.

[A]

Do you say that so that she can sleep?

[B]

No.

[A]

Well, okay. He pays not on time and he gets fees added. You okay with that? Yeah. Extra fees added to the balance because he doesn't pay it on time. Okay. Cope giggles Sure.

[C]

I think all of our credit cards last month had return payments. But we didn't know what was going.

[B]

On because we had the money in the account. But when we paid it, every time.

[C]

We paid it even though we had the money in the account, it's probably.

[A]

Wasn'T an available balance ones.

[B]

Yes, it was available B. Cuz I have three different.

[C]

You still had the good job.

[B]

I have three different checking accounts. Or I have two different checking accounts.

[A]

That does not make sense. And I also don't trust you guys as a reliable source. 29% interest rate. Platinum. Who has the platinum card?

[C]

Me.

[A]

Ah. The chunky balance goes to her for the win. Okay. Platinum. Capital One. Platinum. Did they close your card because you were associated with a bullet owner?

[C]

No, I.

[A]

That would. That'd be too weird, man. I don't get it. People buy bullets all over the country and they would love you to spend money. And that's an easy way to spend money. So I think that makes no sense.

[B]

Because when I called them to ask about it too, they told me the same thing.

[A]

Told you what?

[B]

That you are not a customer.

[C]

I have the letter.

[B]

She has the letter on her phone.

[A]

Show me. Well, you pull that up, you currently owe 1200 1.91. You're spending on a car that you can't pay off with a 42 minimum payment. She. She gets an allowance. Yet you rack up a 1200 almost maxed out credit card that is accruing interest and having purchases that takes nine years to pay off if you do minimum payments only without purchasing of which you are incapable of, by the way.

[B]

That one up.

[A]

Oh, what's the new balance? Wonderful.

[C]

No, not that one.

[B]

Yeah. Oh, bucks. Oh, how much his trash came out.

[C]

Trash bills on that.

[A]

Okay. 231.

[C]

There's the letter.

[A]

Okay. Capital one. Let's see.

[C]

I mean, it's the same letter for both cards. We just got two letters.

[A]

Dear Real name. We are closing this Quicksilver One card because Capital One has observed activity on one of your Capital One accounts that is inconsistent with typical customer account usage. Come on. So maybe they're viewing it as so my. I. When we first opened our original office, I spent a lot on Amazon to get a lot of stuff around the office and they viewed it as unusual and they closed it. Not because I was purchasing on Amazon and they saw that I posted a picture. They're like, this isn't the kind of customer we want. You buy posters? No, it's because it was unusual. You probably went on a weird spree and is viewed as unreasonable as a risky for them as the. The lender. Please stop using this account immediately and destroy any cards and checks associated. So funny read. So weird. It's like you just. Just close it, guys. Also, you should update any reoccurring payments being charged as the count, including Jim. You're still responsible for repaying the balance. Yeah. Okay. No, that's not some conspiracy that's happened to me. Well, it's annoying.

[B]

I'm just saying that was the last thing I heard about it. That was the last thing I heard. Heard about why accounts were getting closed is if you bought. They were Capital One through Capital One. They're. They're associated with a certain group and if you bought out of their. Whatever group.

[A]

They're a bank.

[B]

I know they're a bank and it didn't make sense to me either. But that was the only thing they're.

[A]

A bank Trump run won the popular vote. I highly doubt they would go against literally over 50% of the country as of the last election. Like I know like 50% didn't even vote, but whatever.

[B]

Either way it's like I didn't do my research. That's just what I got.

[A]

Fight half the country. Yeah, no, like we don't want your money.

[B]

Yeah, no, I, I didn't, I didn't do the research. That's just the last thing I got told.

[A]

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[B]

Office so I don't, I don't know.

[A]

Then this makes no sense. I, I don't know what conspiracy you're falling into. I love a good conspiracy as much as the next guy. It's a little nine years to pay this one off. Minimum payments only of which without any purchases that you always purchase. So Amazon return payment Peacock we're really paying for Peacock. When we can't. We don't have a emergency fund. What are we doing? Oh, we're also doordashing Wingstop when we have nothing in savings and only one person works. In what world does that make sense? You. Who has done that?

[C]

It's both of our card.

[A]

You both have this.

[B]

Who?

[A]

Doordash, the Wing stop and out of all wing places. Wingstop Guys. Well, fine. Better than B Dubs. Sure. There you go. That's fine. I'll accept it. The ranch is good. Continue.

[C]

I'm pretty sure. I don't know how much it was, but it was probably a mutual.

[B]

Like it was a mutual payment.

[C]

Yeah.

[A]

We don't drink an interest loss this year. What?

[B]

Doordash never gets bought. Except mutually.

[A]

So you're mutually great. Wonderful. You're also mutually in every other way. 31.24% interest rate. Putting DoorDash on a 31.24% interest rate debt. That's moronic. Bass Pro Shop. Of course. I'm assuming this is yours. Yep. Okay. You don't pay it off even with the small pounds. $161.82. Minutely payment. $27 takes seven months to pay off. No purchasing, but $5 of interest accrued. And almost 100 this year. Okay. Quicksilver. So this would be your quicksilver.

[C]

That one has gone up.

[B]

Yeah, that one went up as well.

[A]

Oh, good. What's the new balance like?

[C]

380.

[A]

Why?

[C]

Our four year old had a doctor's appointment Monday.

[A]

Okay. What in your co pays $180.

[B]

We're. We're transitioning jobs, so we haven't got a check yet.

[C]

We paid for the hotel on that credit card and then for gear, and then 80 was for Dr. Copay and medicine.

[A]

So stupid. And yeah, you're purchasing on this as well. 25 minimum. Dependent still most likely based on his minimum payment for a similar balance with the balance going up 180 bucks to 380. Great. What was your purchase? Oh, doordash pass on a credit card that accrues interest. What are we doing, guys? What is this lifestyle?

[C]

I actually didn't know that that was on there.

[A]

Well, yeah, you don't know anything. You don't. You don't. About anything. Finances. Nothing. Right? Doesn't seem like it so far.

[C]

I do.

[A]

What? What do you know?

[C]

Well, we don't use my doordash. So when I saw that and got on my doordash, I was like, I don't have a subscription. So I asked him. Yeah.

[B]

And I had a Subscription that I didn't know I had.

[C]

Yeah.

[A]

So you.

[C]

So it was just linked to that card and we didn't know it.

[A]

Okay. Oh, Chevy got a truck.

[B]

That's my truck.

[A]

Okay. Got a 2016 Silverado. Okay, so $3,315.05. That's not a massive balance, which is pretty good. How much is it worth?

[B]

Think 10,000. I'd say, I don't know, nine or 10, I think.

[A]

Now why does your dad think this is paid off and that you're hiding that from him? I'm confused. Like, that's such a weird thing to do.

[B]

My dad is a money man. Far as he's the one that, like, very financially responsible, always like very good with saving and that type of deal. And it's been drilled into us as kids. Like, hey, you need to take care of your finances, you need to have savings, you have all this kind of stuff. And when I was making Those really big $10,000 to $15,000 checks, he was like, you need to take that money and pay your truck off with it.

[A]

It's the lowest interest rate debt we've looked at so far. And also you have an equity position of about.

[B]

Because he was. He was trying to get me to pay off my truck and my wife's car just so we didn't have instead.

[A]

Of the high interest debts, 36% of the firm.

[B]

He doesn't know we have this.

[A]

Oh, then what the. Okay, so what, you lied?

[C]

No, we don't talk about our finances.

[B]

We don't talk about our finances with anybody.

[C]

Our finances.

[A]

Why'd you say you're hiding it from him then?

[B]

Because. Because I told him that it was paid off to get him off his back.

[A]

Oh, so you did lie.

[B]

I did lie to him, yes.

[A]

Okay. Okay. Okay, Great.

[B]

Every time I went on, because last year I was gone for 158 days on storm. And my dad knew that. So he's like, all that money you're making, you need to pay off your truck? And he'd tell me that once a day because he calls me every day.

[A]

It's a little invasive. Okay.

[B]

And I just told him, I said, okay. I paid it off. The last check I got, I paid it off.

[A]

You know what you're doing in the poster? You're going to call him and tell him you lied. Yeah. You're going to be, man. Come on. You're a man.

[B]

I am.

[A]

You don't need to be a P. Right?

[B]

Yeah. That's okay.

[A]

You afraid of dad?

[B]

No.

[A]

So we'll Call him in the posture.

[B]

Okay.

[A]

Very good. I like that. And I get it. You probably felt like you were being nagged, right?

[B]

I was. Yeah.

[A]

But, you know, it's just like. I don't know if we want to lie. I would explain the philosophy around. Maybe we're not doing that. Because if he is financially savvy, he would understand. Well, actually, we have this other debt, and it's a little high interest. It's much higher interest. So we want to prioritize that, and then we'll do the cars. You have an equity position of about five to six thousand dollars in this car. Foreign, it's not the worst. At a 5.53% interest rate, minimum, the payment of $516, and it's worth about 9,683. So. Okay. Well, I'm very curious to see what his reaction is to that.

[B]

When you call him, it's going to be quite funny.

[C]

I say he's very non.

[B]

Yeah. He's not confrontational at all.

[A]

Yeah. You also lied to him, and you will confess that. But we have what I believe is an other car, and this one's at 15.14% interest rate.

[B]

Yeah.

[A]

What the. What is this car?

[C]

A 2022 Chevy Trailblazer.

[A]

Yeah, Trailblazer. Okay. What's the balance?

[B]

Let's see.

[A]

I know your minimum payment.

[C]

Like, how much do we.

[B]

Does.

[C]

I think it's like 14,000 left.

[A]

Oh, it is. It is $14,767.48. Oh. With a minimum monthly payment of 577.74. You're lucky that this is worth about 17. So it's worth more than you owe.

[C]

So what are you saying?

[A]

I said you're lucky for that.

[C]

Okay.

[A]

The interest rate is still horrendous, so you're still not winning by any means, but at least if you had to get rid of it, you couldn't and walk away with a check as well.

[B]

I will say that's the first car we've ever bought ourselves, so.

[A]

But it's rare to have two cars with equity positions on the show.

[B]

Well, I thought. I thought at the time. And this is a mistake on my part. I thought the interest rate was 8%.

[C]

Yeah.

[B]

Until she. Until credit karma started sending her offers.

[A]

You were okay with AIDS?

[C]

Yeah, we were 2022.

[B]

Yeah.

[C]

After Covid. Yeah.

[A]

People were getting 2022. Yeah. People were getting like. Yeah, six, seven. But yeah. And we were.

[B]

I mean, that was the first vehicle we've ever bought, and our credit wasn't Perfect. Obviously.

[A]

Yeah. That's the more she needed.

[B]

She needed. She needed a car. She was driving in 2006.

[C]

2008.

[B]

2008.

[A]

Speaking of the interest rate, your student loan interest rates are actually kind of chunky. They're not even generous. They're like. Oh, close to seven.

[C]

Two of them shouldn't have interest rates or. No, they all have.

[A]

They all have interest rates.

[C]

Yeah. Just not accruing interest.

[A]

Yeah, the. The subsidized ones wouldn't be accruing. Okay. Your total student loans so far. But you're gonna have to borrow more, right. In order to do what you're trying to do?

[C]

No.

[B]

Yeah. You're going for your bachelor's, so. Yes.

[C]

Yeah. If I want to go for my bachelor's. Yes.

[A]

He says you want to go for your bachelor's.

[C]

Yeah.

[A]

Do you want to go for your bachelor's?

[C]

Oh, yeah.

[A]

So yes is the answer to you have to borrow more.

[C]

Yeah.

[A]

Because you won't cash flow, which I wouldn't now with high interest debt and no emergency funds, but. Okay, so student loans. Right now you have a total of $4,819. How much are you going to borrow for the bachelor degree? And when is that?

[C]

I don't know how much I'm gonna have to borrow. I think the back because the bachelor degree is 40, 000, but because I have their certificate and the associates. That cost 20, correct? Yeah, about 20.

[A]

So 20.

[C]

But I'll also get FAFSA. Like, just like these?

[A]

Yeah. I'm asking for how much to borrow. I think the answer would be 20.

[C]

Not a FAFSA covers a lot of it.

[A]

Okay, well, how much?

[C]

I don't know. I haven't applied for FAFSA yet.

[A]

You guys file taxes jointly. Why should you qualify for anything additional?

[C]

I don't know.

[A]

You made incredible money. You should just get student loans. Student loans. You got children, so you get a little bit of child tax credit, but I don't know.

[B]

I know because when I applied for FAFSA to go through a PMP, they were giving me like 3,000, I think did that.

[A]

This is your credit report. More student loans?

[C]

No, there's three student loans. Two. Yeah, that's it.

[A]

Okay. Is that all our debt?

[C]

I think so, yeah.

[A]

Okay. Who's the bank of America checking account?

[B]

That's mine.

[C]

His.

[A]

Okay. We started with $3.44. We have two children. That's disgusting. To do the spending that I saw you guys do while starting a month with $3.44 is disgusting.

[B]

Yeah.

[A]

Unacceptable.

[B]

Children what can I say?

[A]

You guys are children.

[B]

Our kids love donuts.

[A]

And you won't even hold them accountable. You won't even hold them accountable. You'll just cope, giggle all day, going out to eat. How much last month, what do you think? What would we guess?

[B]

Eight hundred.

[A]

Okay. What would you guess?

[C]

A thousand.

[A]

Okay. $1,122.73. What the is wrong with you guys? That is more. Well, actually with the two cars. That's. That's not true. But it's close to your minimum depayments.

[C]

That was also though because he was working six days on, eight days off.

[A]

Or pack him a meal.

[C]

He did take lunches, but breakfast and dinner.

[A]

Most nights he would breakfast, pack him a dinner. I don't give a fuck. You guys are in debt. You can't hit your goals. You guys don't have anything in retirement. You have no emergency fund. Now having an emergency fund is an emergency. What are you guys going to do if an emergency happens? Can someone answer? What will you do?

[B]

I don't know.

[A]

Borrow would be it.

[C]

Yeah.

[A]

At higher and higher rates until you guys are in a payday loan cycle, which you borderline are with cash app. Again, those little pay advance things are not necessarily a bad thing. It is just like credit cards. It is how you use them and use them poorly. Have you ever borrowed money from your.

[B]

Parents, mom and stepdad?

[C]

Yeah.

[A]

Well, there you go. So it's more of that. What are you borrowing for them for?

[B]

Borrowed. $1,800 one time to start a business.

[A]

What the. Okay.

[B]

And business work for six months.

[A]

What else did you borrow for?

[B]

I think a bill one time. Like 200 bucks. I don't remember what the bill was.

[A]

See, that's what happens. You're gonna have to borrow more. You're gonna have to go begging for money. You're gonna have to emb. Embarrass yourself.

[C]

It's been a couple years.

[A]

This is embarrassing. No, I'm saying if an emergency happens today, because you guys are prioritizing a thousand one hundred fifty of going out to eat over building an emergency fund. Miscellaneous bull on top of that was an additional $2,429.83. We already saw a lot of those purchases. We will see more. So at minimum bull. Minimum bull was 3,500 bucks essentially. No, no, no. It was about 4,000 bucks. Almost $4,000 went to bull. Complete and utter bull. So what the. What is our desires? Because you guys are not living up to it. Can someone tell me? Hey, fine. What. What do you want? What do you want the household to look like? What are your goals? What are you trying to do? Money, finances. What is the household trying.

[C]

What do you mean, what is the household trying?

[A]

What do you guys want? Not you. You.

[B]

I don't know.

[A]

Oh, what a joke. What is wrong with you? Not an emergency fund. Not to pay off debt. Not to get a house. Not to retire.

[C]

I want to pay off the debt.

[A]

Can you tell me what the you want to see this household accomplish financially?

[C]

I want to pay off the debt and. And build an emergency fund.

[A]

Oh, good. What is wrong with her?

[B]

She just goes with the flow.

[A]

No, she's.

[B]

No, I wouldn't say that. She's smart. She's super smart. Whoa.

[A]

I have not seen that on display.

[B]

Just different ways.

[A]

Different ways. Where do you do it? Well, she can put the right shape through the right hole.

[B]

No, she's book smart.

[A]

Coloring.

[B]

Mm. Mm. No. No. College book smart.

[A]

You're gonna go through all of my financial education? It is not an option. I would take it together, but at minimum, you have to. Debt class, budgeting class, investing class, real estate class, recession class. You go through all of them for free.

[C]

I'm in real estate law right now.

[A]

Well, great. That is the legal. I need you to learn the finances.

[C]

Okay.

[A]

You get it for free. Okay.

[C]

Okay.

[A]

Take advantage of it. Tens of thousands of people have gone through them. Now you get it for free. So, no, this is just like. You can't lost on that. It's just like I don't know what to do. It's like you just don't give a. When I asked you to give me a few financial goals, you just repeated two of four that I said. That's it. Like you've never thought about this, Never had a conversation?

[B]

Well, yeah, I mean, the only conversation we've had is we want to pay off debt and buy a house. And buy a house.

[A]

Then why are we doing everything but that 4,000 on bull?

[B]

Because we're terrible with our finances.

[A]

Exactly. So wouldn't we then try to correct that? Do the actions that are required in order to correct that? If our goal together, we already know is to pay off house.

[B]

We started that, like three months ago with even having money in savings.

[A]

Ended with barely anything either. Buzz's Cash app. Rent. The center went and got some bull. Went and got some bull. PlayStation network. Cash app. Cash app. Cash app. Cash app. Cash app. I think a toll road. Cash app. Cash app. Cash app. Cash app. Cash app. Cash app. Cash app. Cash app. Cash app. Winning Got some bull winning Got some bull Cash app. Blink when it got Cash app. When it got some Cash app. Netflix went and got some, well, cash up Cash app. When I got some potentially, I don't know. Cash app, Cash app, Cash app, Cash app, Cash app. Southside Field Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app. Yep, Brazil tile Tyler when he got some Cash app, Cash app Affirm Cash app, Cash app, Cash app, Cash app, Cash app, Affirm apple bill Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app. Harbor Freight Cash app Winning us Cash app, Cash app, Water burger. Rose City Barbers. Cash app, Cash app. Pigtails and chew Haircut for our kids. Haircut for the kids.cash app. TJ Maxx cash app, Chipotle Cash app. Stash subscription Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash app, Cash apple bell Jalapeno tree Affirm. Cash app Winning got some winning ass winning Cash apple bill cash app. JJ's Academy Sports winning Brew license online. That might be okay. Cash app, Cash app, Cash app. Breeza Cash app. Chick Fil A Water burger. Water burger. Galveston Academy Sports watermill. Cash app, Cash app, Cash app, Cash App, Cash App, McDonald's Galveston. Cash App, Cash app, Cash app, Cash app, Cash Up Cash app. Galveston helicopter. What? Galveston Academy sports parking. Cash app Easy Maisie Tequila Rock parking. Tina's on the Strip, Amazon parking, Surf Shop. Galveston Whitewater Express Coffee winning as a gas and Galveston Sonic Driving winning as a gateway When I got some bull. Chipotle TikTok Shop. What the are we doing? McDonald's parking. Bull Dairy Queen Door Dash Bull Bull Bull. Cash app, Water burger. Oh, what? Not rent a center? Cash app, Cash app you. That's insane. $825 in this bank of America. What's this?

[B]

Which one's that? Yeah, they're. All three of them are mine.

[A]

Okay. Draws 2,000. And then this savings went from 500 to 2 cents. That's great. Okay.

[B]

And then we just had savings, and then we had to fix my truck, so.

[A]

Of course you did. That's why we have an emergency fund and we don't use it to go to Bull. Galveston. Like, what are we doing, guys? Minimum to payments, $56.67 from. From Cooper's affirm. $266 from her affirm your Cash app. Well, no minimum depayments there. You just owe that 650 and then take it back $250. Do a Quicksilver $42 Platinum $27 Bass Pro $25 Quicksilver 516 Silverado 577.74 for the Trailblazer. This is not student loans. That is not cash app. Minimum monthly payments comes out to $1,535.42. Which by the way, the income you had and I think the income you have, you should be able to manage without freaking the. Let's build your budget. Oh well, okay, so 15, 35, 42 for the minimums income. We're saying for now 680. I assume you're shopping around consistently for higher income jobs and bounce back up. But what's your rent?

[B]

1600.

[A]

Okay. All utilities, including the Internet.

[B]

Roughly it's three fit or 250. 100 for Wi Fi, 50 for water, 50 for water, 35 for trash. And that's it.

[A]

Good. That's 435.

[B]

Phone bill 342.

[A]

What the. What's wrong with you?

[B]

We've been shot. We just bought new phones.

[C]

In January.

[B]

In January, dude.

[A]

Once those funds are paid, I'll switch to helium. If T mobile is good in your area. Same tower, same service, but cheaper per line. Like what the are we doing? Okay, Gas, vroom, vroom. Drive, drive. Both combined.

[B]

Maybe 400amonth.

[A]

Car insurances.

[B]

135.

[A]

Groceries. We should be able to do eight.

[C]

Yeah, about 800amonth.

[A]

I think 800 is fair. TP fund for everyone, including kids. 250. Anything else you need? Toilet paper, toothbrush, toothpaste. Everyone's a while. It's like a sports activity, that kind of stuff. Medical, health care, co pays monthly basis. Well, we don't really know right now.

[B]

We don't have insurance at all. No, we. We're looking at marketplace right now to.

[A]

Try to find something. I'm going to assume that's going to probably be insurance. About 500 bucks a month. Temporarily.

[B]

Yeah, probably something like that.

[A]

Well, actually for all four of you, right? They are nice to people that got fired, but 500 might be generous.

[B]

I know the last time it was one. No, 200 for 200amonth. Yeah.

[A]

Okay, maybe I'll say 300 then. Okay, so 300. Is there a gym?

[B]

I would like to have a gym, yes.

[A]

Okay. What? 40 bucks?

[B]

Yeah, 40. 50 bucks.

[A]

Okay, we'll call it 50. Subscriptions. Let's see if I can fit in about 50. How many pets?

[B]

No pets.

[A]

Good thing. Okay. Anything else that needs to be in your budget that I have not put in that needs to be taken account of. No, you guys still have wiggle room, but barely. I can't really give you fun money. You need $5,897.42. Listen, go make more money. You go get a job. I have been applying and I can give fund money from that. But with not having an emergency fund and two kids, I need this $982.58 to go to pay off debt. Listen, Trailblazer, honestly, minimum. Sorry, Silverado. Minimum payment until it's paid off.

[B]

Okay?

[A]

I would not pay anything extra on that. I really wouldn't. With your equity position and the interest rate. But the Trailblazer murdering. Even with the equity position, the interest rates are stupid. Insane, dumb, stupid. So bad debt is $18,807.20 divided by. Obviously it's going to be close to about 20 months, but let's see. Yeah, 19 months. Which honestly, not bad. A year and a half. That's with your lower income. You ramp it up, pay it off in a year. Fully emergency fund in six months. Start building back up on retirement. You guys just. This is the easiest fix. So stupid. Come on. This is the easiest thing I've ever seen. What a dumb position to be in. This makes no sense. This is your income cut in half. You can pay this off like this. Don't get the stupid trailer. Don't focus on that. Pay off that emergency fund, catch up on retirement and then do what you want with the house. This is so stupid. All right. We're going to call his dad in the post show and he's going to confess that he's a liar. But let's get the Hammer Financial Score. Spending a budget. Will you overspend. 0 out of 10 debt. It's really not the worst. There's some stupid things in there. There's been a couple late fees and bounce checks. This is probably like a 2 out of 10 for your guys's situation. It's not good. Don't get me wrong. Emergency fund. Nothing. 0 out of 10 retirement. I didn't see anything.

[B]

No.

[A]

Is there something.

[B]

My Fidelity account.

[A]

How much?

[B]

3,600.

[A]

One out of ten real estate you do own?

[B]

We own land.

[A]

Land. $25,000 worth. It's not great. Not much is on there, but I mean, at least it's something. I'll give it 3 out of 10. Hammer financial score rounded up to 1.5 out of 10. Get your score@caleb hammer.com now click that join button for an extra 20 minutes of this episode in the Financial auto post show, including three premium shows posted every single day, Monday through Friday. I'll see you there.

[B]

But I have a confession to tell you. So my truck is not paid off.

[A]

Okay. How do you feel that your son lied to you about paying off the truck when you really wanted him to?

[B]

Why did you tell me that it did? Because I was tired of you nagging me about it, to be honest.

[A]

Hammer Elite is the best YouTube membership on the platform, and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pin comment or description below. This is the best membership you'll ever join. That's a promise.