He Treats His Wife Like A Pet | Financial Audit

Summary

Financial Audit Podcast Episode Summary

Episode Title: He Treats His Wife Like a Pet | Financial Audit
Host: Caleb Hammer
Guests: Nicole (38) & Sam (39) from Northwest Arkansas
Date: August 25, 2025

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Episode Overview

In this revealing couple's financial audit, Caleb Hammer sits down with Nicole and Sam, a married pair navigating complex family and money dynamics in Northwest Arkansas. The episode explores the unique structure of their finances—including her unconventional side income as a foot model/content creator, his steady truck-driving job, and the couple's struggles with control, communication, debt, and planning for their family's future. Notably, the episode dives into issues of power imbalance, transparency, and the consequences of living with significant bad debt.

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Key Discussion Points & Insights

1. Income Sources and Family Structure

• Nicole: Makes about $1,300/month as a foot model, creating fetish content online (primarily feet, some light lingerie; no full nudity). She also occasionally involves Sam in content. She is a caregiver for her ailing mother.

  • "Mother of three providing literal semen videos on her feet. Okay, good. That's your income. Oh, I hope you make money because that certainly isn't much." —Caleb (04:58)
  • Kids: Ages 16, 13, and 9. Nicole’s content is known within the home; the couple claims to be open about it with their children.
  • "We are very sex positive, like... they know about real world stuff." —Nicole (10:55)

• Sam: Regional truck driver earning ~$80K–$90K/year, primary breadwinner paying most household bills.

2. Caregiving Responsibilities

• Nicole cares full-time for her mother (dementia, kidney disease; on dialysis 3x/week) and to some extent her father.
• She is not able to receive formal compensation for caregiving due to her mother's income level.
• The demands restrict Nicole's ability to hold traditional employment.

3. Financial Control and Structure

• Sam manages nearly all household finances and issues Nicole a $400/week allowance for domestic spending on a debit card in his name.

  • "Why does our almost 40 year old wife need an allowance?" —Caleb (25:53)
  • "I literally get money on a debit card that is his in his name." —Nicole (27:31)
  • "There is some weird level of control here." —Caleb (31:52)

• Nicole expresses discomfort and a lack of autonomy:

  • She has asked for more access but felt dismissed.
  • She didn’t know the full extent of their debt.
  • "If I had more availability to work on my own and have my own, like that was the whole thing where the feet came along. I was trying to get more of an independent part." —Nicole (29:21)

• Sam claims she never requested more access; admits to “babysitting” her finances, monitoring for “frivolous spending," yet confesses to his own hobbies and spending.

  • "I did babysit her finances... calling out frivolous spending... but I have impulse control issues." —Sam (35:56, 55:10)

4. Debt and Spending Habits[17:15–54:00]

• Total household debt: ~$216K (including mortgage).
• Non-mortgage/bad debt: ~$47K–$48K across maxed-out/high-balance credit cards and a $21K personal loan (consolidation).
• Credit cards are near or over the limit with accruing high interest (25+ years to pay off minimums only).
• Despite attempts, no effective debt payoff strategy; money is scattered among minimums rather than snowball/avalanche methods.
  • "There is no debt payoff strategy that's like a little more here, a little more here, a little more here." —Caleb (66:07)
• Frequent eating out ($900/month), impulse buying (cards & collectibles), vape purchases, and lax budgeting.
• Both Sam and Nicole admit to impulse control issues and lack of organization.
• Kids have no college fund; retirement savings are dramatically behind for their age.

5. The Proposed “Content Shed”

• Nicole wants to build a backyard shed ($5.5K–$10K range) as a private studio to make more content. Sam would also use it to sort Magic: The Gathering cards.
  • Caleb challenges this, emphasizing that debt repayment and financial stability should take priority.
  • "A sex shot, I guess, is our goal instead of paying off $48,000 of bad debt. Why does that make sense?" —Caleb (19:17)

6. Communication Breakdown & “Allowance” Dynamic

• Nicole sees her “allowance” and debit card as infantilizing and wishes for shared access and more agency.

• Sam justifies setup as a budgeting measure, originating from when Nicole was between jobs as he started trucking, and continued out of habit and for his own sense of control.

  • "Have you requested a change?" —Caleb
    "No, I just didn't want to argue about it." —Nicole (27:38)

• Both acknowledge the arrangement feels lopsided; Caleb points out how easily this could turn into financial abuse.

  • "Take just the 10 minutes of this conversation about the control of the money, cut everything else—it sounds abusive... I'm not accusing this...but do you understand how it's on that financial..." —Caleb (29:56)

7. Path to Improvement

[92:30–93:48]

• Caleb recommends:
  • Debt payoff order: Snowball (smallest to largest), starting with the City credit card, then Discover, both Capital One cards, then personal loan.
  • Budgeting: Sit down together monthly to review, track, and set mutual financial goals.
  • Access/Budget Transparency: Nicole to be added to accounts for full, joint access.
  • Side income: Nicole to seek additional part-time/remote work if care duties allow.
  • Expense cuts: Eliminate unnecessary eating out, vaping, and non-essential purchases.

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Notable Quotes & Memorable Moments

• On allowance control:
  "Why does our almost 40 year old wife need an allowance?" —Caleb (25:53)
  "I get $400 a week plus...that's the household." —Nicole (25:23)

• On transparency and joint finances:
  "If I could...have my own...like that was the whole thing where the feet came along. I was trying to get more of an independent part." —Nicole (29:21)
  "Take just the 10 minutes of this conversation...it sounds abusive. It's not. But do you understand how it's on that financial..." —Caleb (29:56)
  "There is some weird level of control here." —Caleb (31:52)

• On debt and future planning:
  "If we're in...$47,000 of bad debt at almost 40...what kind of retirement even we're looking at? Remember taking care of your mom heavily right now, right?...Do you want to be in a position where...your kids are gonna have to put their lives on hold...to take care of you?" —Caleb (59:35–60:35)

• On impulse spending and household habits:
  "You make no money. You cannot do this...if we're doing combined, you can't get this because you have $46,000 of bad debt." —Caleb (74:55)
  "We just need to sell [the cards]." —Caleb (67:40)

• On financial goals:
  "I would absolutely...do smallest to largest...then get a fully funded emergency fund and then dramatically catch up on retirement." —Caleb (91:52)

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Timestamps for Key Segments

• [01:44] Guest introductions, primary income descriptions
• [04:31] Nicole’s foot modeling income details
• [07:58] Selling used socks and undergarments
• [10:50] Disclosure to children about Nicole’s work, family openness about sex and kink
• [15:03 & 18:00] The “content shed” proposal and rationale
• [25:16] The “allowance” set-up and Nicole’s lack of access to household finances
• [29:56] Caleb confronts financial control dynamics and the risk of abuse
• [33:36] Sam’s perspective on financial structure and allowance
• [44:03] Spending tracked—more out than in, $900/month eating out, $900 miscellaneous
• [54:49] Review of maxed-out credit cards; minimum payments, high interest accruals
• [55:10] Sam’s confession: “I have impulse control issues.”
• [59:35] Caleb: “If we're in...bad debt at almost 40...your kids are gonna have to put their lives on hold...to take care of you.”
• [66:07] Critique of failed debt payoff strategy
• [92:30] Caleb’s plan: debt snowball, budgeting, joint access, side income, expense cuts

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Episode Takeaways

• Control Issues: The “allowance” dynamic has lingered well past its usefulness, functioning more as a tool of control than a budgeting device.
• Communication Needed: Nicole feels unheard, while Sam claims obliviousness—yet both admit to a lack of meaningful financial partnership.
• Impulse Spending Danger: Both are guilty of draining resources through small daily habits (vapes, coffee, eating out) that add up, contributing to chronic debt.
• Vulnerable Future: Without a course correction, their lack of retirement savings and impulse spending means their children could bear the burden of their care.
• Recommended Changes: Joint account access, disciplined debt repayment, mutual budgeting, increased income, and cutting all non-essential spending.

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Final Financial Audit Scores (Caleb Hammer)

• Spending & Budget: 0/10 ("Overspend. No real budget.")
• Debt: 1/10 (High-interest bad debt, over the limit.)
• Emergency Fund: 2/10 (Minimal; dipping into crypto only.)
• Retirement: 2/10 (Dramatically behind.)
• Real Estate: 7/10 (Good mortgage and equity position.)
• Overall Hammer Financial Score: 2.5/10

"You’re really lucky with the mortgage. All of it.” —Caleb (95:10)

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For couples navigating similar issues, this episode is a vivid cautionary tale about the necessity of open financial communication, clear mutual goals, prioritizing debt repayment, and ensuring basic fairness and autonomy in any household money arrangement.

Transcript

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[B]

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[C]

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[B]

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[C]

They give her a certain amount of money per week.

[B]

Like Sugar daddy. Yeah, kind of. Why does our almost 40 year old wife need an allowance?

[A]

Thank you. I was dropping hints like, hey, I.

[C]

Don'T do good with him.

[B]

That's pretty basic though. Hey, I don't like that I don't have access. I wish I had access. That's not a subtle hint.

[C]

I don't think that's how that conversation went. But if you want to frame it that way, that's fine.

[B]

Well, I mean, that's how she's more than.

[A]

That's how I'm framing it.

[C]

I'll spell it out next time.

[B]

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[A]

Hi, I'm Nicole and I'm 38 years old.

[C]

I am Sam, I'm 39 and we are from northwest Arkansas and this is Financial audit.

[B]

Guys, I'm excited. I love a good couple's audit. Thanks for coming down to Austin, Nicole. You're the one in front of me. So let's start with you. What do you do for a living in Northwest Arkansas?

[A]

I do only as a foot model.

[B]

That kind of makes sense because you've certainly aged out of normal. Of.

[A]

Yep.

[B]

But I guess she shows her face.

[C]

She shows her face and she gets money for it.

[B]

Yeah, her face.

[A]

Yeah, I show face.

[B]

Oh, you show face.

[A]

She Shows face. I show everything, but I. I do not.

[B]

She shows everything.

[A]

I don't do complete nudity.

[B]

You just said you show everything.

[C]

Well, well, like on most foot models, but not unclothed.

[A]

Yeah, I wear lingerie a lot.

[B]

Okay, so. But the primary monies. Feet.

[A]

Yes.

[C]

The focus is feet.

[A]

Yeah. My focus is people with the fetish of feet.

[B]

And are you involved in this at all?

[A]

Sometimes, yeah.

[B]

Finishing on the feet, I'm assuming. Okay, well, I'm assuming because that's what.

[A]

The kink people would like, but that's when we can. Yeah, we don't got kids, man.

[C]

We can't just, like, film whenever we want to.

[B]

Oh, you guys have kids? Yeah. Great. So they will find that in school. Maybe they will find that in school.

[A]

I don't know.

[B]

I don't. They will find that in school. How old are your kids and how many?

[C]

16, 13 and nine.

[A]

Yeah.

[B]

Have any of them found that in School?

[A]

No.

[B]

16.

[A]

No. Our school is very, like, I believe it, but I don't. You like. It's not. I'm not known as me. And I make sure that a lot of my stuff is not one thing.

[B]

And then it's spread everywhere and bases in it.

[A]

I know.

[B]

All right. What are you making?

[A]

I make probably on average. Well, I owe it. I deposit about $300 into my account every week. Yeah. And then I also. I like, keep 300 available for me. And then I have like a pending amount of probably 500 sometimes, depending on sometimes. Well, because it depends on how much time I've had to make content. And it's really. Yeah, you would think, but I do think doing.

[B]

Okay, so $1,300 a month. And are you setting aside proper?

[A]

No, no.

[B]

How long have we been doing this?

[C]

For like 3 years. Her 1099 was 23k last year. We've been able to.

[B]

Are we on the up and up or are we flat or are we down? Because the what you just provided is down.

[A]

No, this would be more of a down time. I was making a good amount towards the end of last year and the beginning of this year, so.

[B]

Mother of three providing literal semen videos on her feet. Okay, good. That's your income. Oh, I hope you make money because that certainly isn't much. What do you do?

[C]

I drive a truck.

[B]

Okay. Now, truck driving can actually make pretty decent money. Short haul, long haul. What are you doing?

[C]

I do regional driving. I used to do OTR, but what are you making? Between 80 and 85, usually. Sometimes close to 90.

[B]

There we go. Now, I Understand how the bills are paid.

[A]

Because mine was just a.

[B]

Hey, why don't you like, do something?

[A]

What?

[B]

Productive.

[A]

Productive because I stay at home and take care of my mom who has dementia and kidney disease.

[B]

Okay, then if you're providing support, are you getting anything from the government?

[A]

No, that we have like looked into for the past, but just, just now.

[B]

Looked into. Haven't done anything.

[A]

No, I couldn't. She didn't. What is that? She gets too much money from her, like, government.

[C]

She didn't qualify for the assistant programs.

[A]

In order for me to get. Yeah.

[B]

So what hits your account? What has the account from your income on a monthly basis.

[C]

On a monthly basis. So it's like.

[B]

12. This is always the first question. I don't.

[C]

Because I know weekly, like.

[B]

Yeah, well, it's weekly.

[C]

I can, that's what I was just coming out with. What is it, 12 to 13 usually.

[B]

Okay, I'll say 12, 5 then.

[C]

Okay, okay.

[B]

12.

[C]

4.3.

[B]

Oh, yeah, I was gonna do times 52 divided by 12. Yeah. So about $5,417 a month. Yeah, sounds about right.

[A]

Yeah.

[B]

Why? Did you set any money aside for taxes? Are we filing jointly?

[C]

Yes.

[B]

Because their income is high enough where they're gonna want a chunk.

[A]

Yeah, I know a decent chunk.

[C]

Pedicures are a write off. Her equipment that she does.

[B]

What do you write off? 100%.

[C]

No, but enough to not be liable for her portion of the taxes because we can write off part of our mortgage too.

[B]

How much do you pictures at the house off? How much are you able to deduct?

[A]

That's how I deduct. Pretty much my clothes, probably.

[B]

And if the IRS sees this, will they find all that valid?

[A]

Yeah, because I use it in all my content like there. You can find it all over social media, like the stuff that I purchased out.

[B]

Now what can we account then for the income hitting? Because if we're spending all that money, I don't. That means that as money gone, I.

[C]

We still do pay some taxes on her stuff. But what?

[B]

Yeah, I don't know how much I, I, I go. So it just comes out of the income from you?

[C]

Essentially, yeah.

[B]

Okay. Because we're not setting anything aside.

[A]

No, we don't. And we, that's what I was telling him last year. I was like, oh, she makes more.

[B]

When she sells used socks and under.

[A]

Yeah, yeah, that's what I was saying. Yeah, socks. I used to have a guy that would buy me buy socks.

[B]

So you wear socks and they buy.

[C]

The year the better.

[A]

I get $60 a week just to buy socks.

[B]

Almost encourage this in a way.

[C]

I mean, I'm fine with it. She's making money.

[B]

She is making money. You don't find it degrading of anything of your wife, of the mother of your children? I mean, I guess you are the. One of the. Usually the susceptum piercings on the women. I guess so.

[A]

Yeah. I don't have.

[B]

I thought that was I guess stereotypes. Yeah. So you don't care just because money comes in. So you don't care what she does as long as money comes in? No, From a literal standpoint. Okay. Because that's kind of.

[C]

There are lines that I have.

[B]

But what would the lines be? What do you mean what would the lines be?

[A]

What are. What would you say now?

[C]

We would discuss it and that's when I'd find out.

[A]

Yeah, there's a lot of people.

[C]

But now we haven't reached that line.

[A]

Yeah, there he. How about this? He won't let anybody worship my feet in person.

[C]

In person. Meetups off the table.

[A]

Yeah.

[B]

That's good. Well, that's more of a safety thing if we're being honest. Yes. Yeah.

[A]

Yeah, very much.

[C]

She doesn't even like doing like cam stuff.

[A]

Yeah. I don't do like video calls because.

[C]

That'S kind of getting to a personal degree as well.

[A]

Just lately I've really gotten known into the feet community and that's why I was making a lot of money.

[B]

If you're getting known into the fee community again and at some point this is going to be exposed when one of your kids are in school, even College for the 16 year olds.

[A]

Well. And I don't think it's like I said, I keep it very not.

[B]

But if you're getting known in the few community, I guarantee you there's one Feet Gooner at the college one of them is going to go to.

[A]

Yeah, maybe. But I know.

[B]

Oh, there's feet among us. I have one at this office.

[A]

Most models. Feet models. How do you know that they start.

[B]

He told me.

[A]

Most feet models start off as just taking pictures doing this.

[B]

I got you. But your face is there.

[A]

Yes.

[B]

I don't care about most. I care about what you are.

[A]

Listen, hold on. Because most of them will to make more money go into full ass and I. That's a no go for me. I don't do that.

[B]

Well, kind of. I mean I just got to know that you literally give him foot on camera.

[A]

Yes.

[B]

That's pornography.

[A]

Yes, but I'm not. That is his. But he's you can't see him like all your. And I know that nobody should know his. Besides, no one should.

[B]

However, literally, if they spend five seconds, they will find you on the Internet with the reverse image search and they will see that that is your husband. And by the way, fun fact, I don't know if you know this, but again, if this gets exposed to your kid and they know that there's a penis on there, they're going to assume it's dads.

[A]

That's true. Well, they know about it. We're open with them.

[B]

Your kids know about it already?

[A]

Yes, and we are very sex positive, like of being like them know about real world stuff kind of thing. So.

[B]

And their thoughts.

[A]

Their thoughts are, mommy, you do what you want to do and it's up to you. And that's your body. And their thoughts are.

[C]

People are weird for like in feet.

[A]

Yeah, they think that it's weird and everybody's different. And yeah, people like what they like. I mean, it's kind of stay at.

[B]

Home because again, these kids are not in the stay at home age necessarily. Why don't you actually go become a productive member of society?

[A]

Because I can't. I would have to request. Yes, I take her to every appointment, all of that.

[B]

How often is her appointment appointments?

[C]

It's literally now that she's on dialysis, it's three times a week.

[B]

Okay.

[A]

Yeah, it's pretty. It's hard because I'm glad you have.

[B]

A strong income, Sam, because I don't know what the we'd be doing.

[A]

Yeah, no, that's how I felt like I, I tried to have a job. I. When he was a truck driver and do all of this at Kohl's, and it did not.

[B]

Well, so your kids know you film this in their house?

[A]

They just know that I, I do stuff with my feet.

[C]

Like they know the type of content. They know that it's feet content.

[A]

Yeah.

[B]

Oh, boy.

[A]

And then I sell socks and stuff because I do want to be open with them and I want them to know and know the dangers of all of that and stuff.

[B]

Okay. Now, I'm obviously not encouraging for the day when mother passes away. That's going to be very sad when that day comes, which is probably sooner.

[A]

Than later, maybe five years.

[B]

Okay.

[C]

Her kidney doctor is hopeful about the dialysis helping her.

[B]

I hope so too. I hope so too. It is a rough when that, that day comes, though. Can you go get a job?

[A]

Yeah, I want a job. I was very into the. This was just like a thing I wanted to Help.

[B]

Why don't you do like remote sales or something? Because that you can take more time. It's more flexibility. It's more about the grind. You put in the money you bring in.

[A]

Yeah. I look like there's things you can.

[B]

Do that are not degrading.

[C]

Yes.

[A]

And when I tried to look into that, I didn't get very far. I'm not very into it. And then I. There's so many scams with those. Like if they're scam. There's scams everywhere.

[B]

I know scams in your industry more than almost any.

[A]

Yeah, but that's where I'm. Like I said. But there are scams of trying to like apply for that and I wasn't very into this. It was. It was just a thing. No one. Because I wanted to make money and I felt.

[B]

So you're still taking care of your mother three years ago, like this, same thing.

[A]

Yep. Yep.

[B]

I've been though the diocese just started.

[A]

Huh.

[B]

Which is the more frequent thing.

[C]

Yeah. But she still had at least three times a month some kind of appointment and.

[B]

Three times a month, a lot of employers.

[A]

No, no. It's 45 minutes like away from the driving is what really killed a lot of doing the appointments and stuff. Like her taking her to an appointment would take at least 8.

[C]

Can't pull his pants up on his own either.

[B]

So.

[C]

That was a big part of it too.

[A]

Yeah. I take care of my dad too. I take him to the va. He does now.

[B]

If they're getting lots of assistance. As you know, he's a five year old. Social Security and everything. Why are they not in a home?

[A]

I don't want to put her in a home.

[B]

Okay. So that's.

[A]

Yeah, well, she. I promised her that. Like she's not.

[C]

I. I wouldn't say not. Putting somebody in a home is a want. That's up to them.

[A]

Homes are terrible.

[C]

That's the end of their life. They get to decide.

[B]

Well, they want to decide. But I. First of all, when I said that it's her saying she didn't want to before she said her mom didn't want to. So how long have you guys been married?

[C]

It'll be 10 years this year.

[B]

Okay. So we had a 16 year old together. Well, no, not a 16 year old. Oh, it's one of. One of yalls. Yeah.

[C]

Yours? Mine and ours. Whose oldest is mine.

[B]

Okay. And then 13 is you. Oh. So they came into this and then the nine year old is both. Yeah. Were you guys both married before?

[C]

I was, yeah.

[A]

And I was Not.

[B]

So what are we talking about today? What's going on?

[A]

We really wanted to get a thing. Even though you don't like it, but I want a shed for outback to do.

[B]

For outback for.

[A]

In my backyard so I can do more content and make more money. Oh, what the.

[B]

Wait, what does the shed do? Wait, what does the shed accomplish?

[A]

That would be like a small studio and a private space, because that is a lot of where I. I could be making.

[B]

I thought we weren't trying to do this long term.

[A]

I'm not necessarily, because I know that shed.

[B]

We also probably needs to be, like, almost air conditioned and heat, you know?

[A]

Yeah, it needs to be re.

[B]

I'm not just. Oh, it needs. Wait, you already have a shed?

[A]

No, no, we've just look done. Yeah. This is what started.

[C]

We buy it. It needs to be finished on the inside. Yes.

[B]

How much does this cost? What is this? Yeah, how much?

[C]

4K for the shed and probably like 800 for the electrical. And then the rest I'm gonna do by myself.

[B]

It's not the craziest material.

[C]

Probably, like, it's gonna cost 400. So I would say 12 to finish it out on.

[B]

Whoa. Got big up to 12.

[A]

Yeah, it's a lot of 12.

[C]

4,000.

[B]

Then it was 800 for electrical.

[C]

800 for electrical plus 400 for materials. That's just off the top of my head.

[B]

Okay, that got us to about 5500. And then we jump said 12.

[C]

I meant 8. 4.

[B]

What's the 8?

[A]

Yeah, what's the 8?

[C]

The electrical.

[B]

I heard 800.

[C]

800 for electrical.

[A]

Yeah. But you're getting 10k for. To do everything that we wanted.

[B]

About 5500.

[C]

1200 for finishing out the inside.

[B]

That brings us to about six. Five.

[C]

Yeah, I never said 12,000. I said 12. And you're. You're assuming a lot of stuff.

[A]

I heard 12.

[C]

Eight plus four is 12, right?

[B]

Well, your wife and I heard the same thing. I'm sure the audience did too, but I appreciate it. Okay, so I guess we're getting a goon shed.

[A]

Yeah, I guess.

[B]

Little toe goon shed.

[C]

Well, it'll be for cards, too.

[A]

Yeah, cards.

[C]

Cards and tux Gathering I've got.

[B]

But it's a hobby thing. Magic. The gathering's a hobby thing. What are we.

[C]

But I can make money with selling the house.

[B]

Yeah, at least you do own the house. But you got. Listen, you got a total of $216,000 of debt, and 169,000 of that is the mortgage, meaning there's Substantial amount outside of the mortgage. About 46,000. $47,000 of debt outside of the mortgage. And we're considering getting a hobby shed. Yeah, that's not making sense to me. I mean, your room's a private space.

[A]

No, it's small and are. It's small.

[B]

Usually sheds are small, too.

[A]

No, no, no. This is.

[B]

You're getting a mega shed.

[C]

No, we're not gonna.

[A]

No. Yeah. 10 by 10 by 16. But our room is tiny. We can barely fit a queen.

[C]

It was built in the 80s.

[A]

Yeah.

[B]

What's this? Great furniture. Your house.

[C]

1640.

[A]

Yeah.

[B]

Okay.

[C]

Most of that is.

[B]

You guys in the primary.

[C]

We are. But the biggest bedroom is a converted garage that her mom stays in that she has, but it doesn't have an ensuite bathroom, so.

[A]

No, no, no. We bought it.

[B]

Converted makes it harder to sell a house.

[A]

It does, yeah.

[C]

I mean, it's full brick and the.

[B]

No, I know. Just converted garages typically limit the. The buyer pool substantially. Sure. Well, I guess we'll deal with that when it comes to. Okay, so magic the gathering, or. We must be spending a lot of money on that in general, for if we're going and getting into a goon card shed.

[A]

Yeah.

[C]

I've got a lot of cards. Yeah. And I.

[B]

How many cards do you have?

[C]

Let's see. I've got six, five thousand boxes. One or two of those are completely.

[A]

Full, and then they're everywhere.

[C]

And then the other ones are about two thirds of the way full, and.

[A]

They'Re everywhere around the house.

[B]

So, like, oh, producers telling me, oh, 20,000 cards.

[C]

I did the math for the producer. So whatever they're talking, he took a.

[B]

Note of 250,000, but maybe he misheard. 250, maybe. Because that would be insane, right? 250,000.

[C]

I mean, not really.

[B]

Does it even exist?

[A]

Yeah, the boxes. A friend of mine, they. They go at it.

[B]

Okay, so a sex shot, I guess, is our goal. Instead of paying off $48,000 of bad debt. Why does that make sense? Can someone walk me through why that makes sense versus the priority of bad debt?

[C]

More custom content. Me being able to sell off some of my collection is sell off. And.

[A]

Yeah, yeah, it.

[B]

So having the shed is going to allow you to sell off the contents.

[C]

So right now, if I want to sort through my cards, I literally have to unstack those 5,000 boxes and take the one that I want and put it on the bed and sort in the lid on.

[B]

But if they're on the shed, one that take away space, ruin the Table.

[C]

And to spread them out. But yes. I mean that would take away room for content. But that's a pretty decent sized shed.

[B]

Type of content is what kind of space is needed for. Then I would assume you already. How does the 1600 square foot house not have a corner?

[A]

Because like an actual private corner that is not loud and have other sounds.

[B]

So if the kids see mother walk to shed they know she's getting her freak off.

[A]

Well, a lot of times I won't do it. Like I do it when they're in school and stuff and like they're.

[B]

Is that not the answer then already?

[C]

I mean school just started back.

[B]

I know but. But if we only do it while they're in school. Because you can stock up for the summer. I mean content is easy to.

[A]

No, because that's the thing. I get too tired and I don't want to do it of. And it feeds. Yeah, but it's a lot harder than you think.

[B]

Okay.

[A]

Setting up in my.

[B]

I'm gonna let you know. Believe it or not, I know a couple things about content.

[A]

You do? And. Yeah.

[C]

And this is a really big production.

[A]

Yeah. Mine Is it all.

[C]

She does it all by herself.

[B]

I never did that. I believe you did an endless amount of time before I was able to bring out people. Absolutely.

[A]

But did you have kids that were around you and then like.

[B]

No. But you said they're in school.

[A]

Yes, but it's also like with my mom and the dog and all of that trying to clean the area, get the lighting. No. I have literally this line of space in front of my dog.

[B]

So we're using every excuse necessary to really justify a shed that we just want.

[A]

I really.

[B]

Can we be honest?

[A]

It's a lot.

[B]

Yeah. Okay. And that is more important than the $28,000 of bad debt. 48,000. Sorry. So why is that? What we're prioritizing in this conversation is trying to get the shed. Instead of that I want to pay.

[C]

That could help pay that off.

[A]

I do too.

[B]

Okay. What is the income percentage increase we're gonna see from shed?

[A]

I don't know.

[B]

Is that doubling our income from a thousand three hundred dollars a month or any write offs or taxes? Meaning we'll probably only have about 200 dol actual spending money to $400 a month. That's gonna pay off our debt. How much quicker? Yeah. So 400amonth extra. Bitch. Based on. Based on at least the what you kind of suggested is written off and whatnot. Meaning that money is not there to actually spend on things we Care about is. I'm guessing Maybe you have 400, 300amonth left over. Okay, right. If we're not paying substantially like much on taxes. Okay, so 300, let's say it goes to 600. So 600 and it's about like a seven thousand dollar said so. I mean it takes a loan almost a full year just to pay off the shed before any of that money even rolls in to paying off any kind of debt.

[C]

Right, you did the math right there.

[A]

Yeah. Okay.

[B]

And that doesn't make us question it.

[A]

Well, I mean.

[B]

But I would want to get out of bad debt for the sake of our family, especially since one of the kids is already going to school. Does he have a college fund?

[A]

No.

[B]

I mean she's headed.

[A]

Yeah, she doesn't.

[B]

No college fund?

[C]

No, no.

[B]

Not that it's required, but a lot of parents like to. That's certainly not even in the picture with this kind of debt.

[C]

I was working paycheck to paycheck until I started driving. And that was eight years ago.

[B]

Let's talk about student loans. I know it's something we all avoid talking about, but if your private student loans are crushing you, why Refi might be exactly what you. They don't rely on your credit score alone. They look for borrowers who have the desire and the ability to repay. That is a game changer in a market where most lenders only see a number interest rates under 6% guaranteed. That's practically a unicorn in student lending. Plus they offer structured payment plans to lower your monthly bill and even a co signer release program so your mom and dad can step off the hook. Why? Refi is known for their personal service. No faceless call centers. You get a dedicated rep who actually cares about your progress. They've got a 4.6 star rating on Google, which tells you people genuinely like working with them. So if your private student loans are burying you, it is time to reach out. Why Refi wants to help you climb out of debt, not push you further into it. Check them out at yrefi.com hammer that is yrefy.com hammer or call 889-733-978. That is 88978. Break free from the high interest trap and get your finances under control once and for all. Okay, so you've had eight years.

[A]

We have had. Yeah, yeah.

[B]

Okay, so you've had eight years to build a college fund, but instead we're $48,000 of bad debt. So like if you said six months.

[A]

Ago I could be like, okay, yeah, no. Yeah. I didn't. I didn't know. I didn't. I wanted to, but. Yeah, I didn't feel like we ever guys.

[B]

I was on a bad diet until eight years ago. Oh, wait. Oops. It's still there. Like. Okay, so what is Yalls relationship with money together? Like, how are we communicating? How are we budgeting? How does this look from a household perspective?

[A]

He.

[C]

I give her a certain amount of money per week and then like sugar daddy.

[A]

Yeah.

[B]

Yeah, kind of.

[A]

Yeah. I get $400 a week plus.400 with. That's the household.

[C]

That's for the household stuff.

[B]

So you're limited.

[A]

Yeah.

[B]

For a house.

[A]

Yep.

[B]

400 hours a week. But you bring in. I essentially more than that a week, right?

[C]

Yeah, I pay all of the bills.

[B]

Well, is that not household?

[C]

No, I have like household for food.

[A]

Anything that's needed inside the house.

[C]

Groceries, gas for her.

[B]

Okay. When. Why are we doing it like this? Why does our almost 40 year old wife need an allowance?

[A]

Thank you.

[B]

I. Oh, she said thank you.

[A]

Oh, wow.

[B]

Okay, so this is gonna do.

[A]

This.

[B]

This is a disagreement.

[A]

Well, this is how we came to an agreement back when it started and he became like doing trucking.

[B]

So eight years ago?

[A]

Yeah. And yeah, it's been a while, but it was when I didn't. When I lost a job and didn't have money, I was like, okay, what. How am I. How are we gonna do this? Yeah, like I lost like my actual main job when we first got together and he was like, well, how about this? Blah, blah, blah. I have always like given him the control over the finances of. I didn't even have a bank account because I put myself into overdraft and no bank would give me it when I lost my job.

[B]

What's your favorite song?

[C]

What's my favorite song? I don't know. Numa by tool.

[B]

Can he hear Numa by tool in his ear? I want to talk to her. Great minds, ladies and gentlemen. Great minds. So music. What so mystical. What is your overall opinion of this allowance existing today? Why did you say thank you when I confronted it?

[A]

Because that is a big. I mean, when you look at it like you said it's the sugar daddy thing or like here. And I literally get money on a debit card that is his in his name.

[B]

What the. Why?

[A]

Because that's how we've been doing it for so long.

[B]

Have you requested a change?

[A]

No, I just didn't want to argue about it.

[B]

Is it an argument Anytime. It was having any kind of independence, not necessarily Then where's the fear of the argument?

[A]

There was an argument about how much I should get and he was giving me a lot more years ago. And this has been like, what change? I don't know. He kept asking for me to take less and less and I did.

[B]

It's cutting your pay.

[A]

Yeah, yeah, it was like sugar daddy.

[B]

Hey, have you heard any logic as to why? You never asked why.

[A]

Well, it was because of credit card debt. It's always because of credit card debt. He needs money to put towards the debt and I just trust him to take care of it.

[B]

Oh, you're in 48,000 hours of mad debt.

[A]

Yeah, I didn't even really know. I thought we were in 10. Yeah.

[B]

I don't.

[A]

No, it's a really fucked up.

[B]

You guys ever have. Well, because of this. Do you have hidden purchases from him?

[A]

No, not necessarily.

[B]

Does he from you?

[A]

No, I wouldn't say that. We know, like I know what he buys, but I don't know exactly how much he buys and how much he spends on certain things.

[B]

Do you guys get this house together?

[A]

It's. My name's on it, but his.

[B]

Your name's on it?

[A]

Yeah, but it's in his. Like the loan and everything is in his name.

[B]

Is there not a sense of control here? That's a bit odd.

[A]

There is and I've let it happen, I guess over the years of where.

[B]

Does this stand today in your mind? And where would you want it to be?

[A]

Because if I could, if I had more availability to work on my own and have my own, like that was the whole thing where the feet came along. I was trying to get more of an independent part, which I get that.

[B]

But again you spend it all on write offs and then he covers the taxes. So it's weird. I'm not accusing this to be very clear. I'm not accusing this because this isn't how I'm reading the situation. But take just the 10 minutes of this conversation about the control of the money cut everything else sounds abusive. It's not. But do you understand how it's on that financial.

[A]

Yes, we talked about it when it was going on. I was like, do you not understand, like what I'm handing over to you by not having anything like. But you to tell me, like, here's this money for the household and all.

[B]

Of a sudden the other side.

[A]

Yeah, it was. Yeah, nothing. It was nothing.

[B]

Wants to maintain control?

[A]

Yeah, pretty much, I guess.

[B]

Well, what can you do about that? That's not healthy that you tried to push back and Tried to get some sense of control and independence. Because when married, I'd say it's ours, not his. With a little.

[A]

And that's what for me. Yeah. And that's where I think a lot of it. Where in my mind, I say it's his.

[B]

Like, well, how do you feel about the fact that you did push back? You requested a change?

[A]

I did.

[B]

He said no.

[A]

And he. Well, no. The only change I've ever did was get a job and get my own income. And then he asked me, can I get. Can I give you less every week?

[B]

Does he have some obsession over his own money? Obsession over control?

[A]

I think it's over the money factor and of. Not necessarily control, because that's not how our relationship was in the beginning. But when I couldn't go, I didn't. I didn't feel like I could go get my own job. This was.

[B]

What did he see that made him take control of the financial situation?

[A]

I gave it to him pretty much.

[B]

But why was it requested in the first place?

[A]

It wasn't. It was, like I said, like, you requested it. No, it was kind of like, what can we do with you being out on the truck?

[B]

Because who proposed the idea?

[A]

I don't know. I think it was just a conversation. And it might have been me saying, well, you just give me the debit card and you give me a certain amount. Or he might have. I don't know. That was so many years ago. I really couldn't tell. But that's where it's been. I couldn't even get my name on the bank account.

[B]

Do you recognize. And you kind of already had. But I want to make it crystal clear that there is some weird level of control here.

[A]

Yes, yes, I know there is some.

[B]

What would you want to see the change be?

[A]

I don't know, more of me really having access to the accounts. I don't have any access to the accounts. I think that would make it feel a little bit better. And then discussing a budget for the house first to understand, like, how much money really it takes. I've been doing a lot for our kids lately with my little bit of income.

[B]

Really?

[A]

Yeah. Okay.

[B]

All right, let's switch it up. Good. Can you hear us? You're good? Good, good, good, good, good, good, good, good. You know, I want to know a little more about this situation of, you know, the separate accounts. When did that start? Well, in terms of the. You giving her an allowance, I. I.

[C]

Mean, I think it was when I started driving, maybe a little bit before that.

[B]

Well, why. Why why did this situation get set up?

[C]

I don't know. That just seemed like the best way to do it to me.

[B]

Who proposed it, how to happen?

[C]

I'm not sure. I don't know. I think when I created a separate bills account as a checking account was when it started doing it like that.

[B]

Why do you think that's the best, best method to do this?

[C]

I think it happened organically when I created the separate bills account and she was just other debit card. That was before she had cash app and chime and that stuff for her own income. And so I was like, here, you just keep this one.

[B]

Over the years, has she ever requested having more access, having more independence, having this more joint?

[C]

No.

[B]

What would you do if she did?

[C]

Try to figure out some way to make that happen.

[B]

Yeah. Okay. Ladies and gentlemen, a financial audit. This is one of the most exciting moments in this channel's history. You know, know I've been working on building all these educational tools, our budgeting app, all this crazy stuff of this past year because that is where my passion is. We finally did it and now we put it all into one program called Dollar Wise Central. You get the premium version of my budgeting app, you get the cookbook mailed to you and signed by me. You get to learn about debt investing, budgeting, real estate, basic beginner stuff and finance all the way to the advanced stuff collaborated by experts with the lowest refund rate in the industry for a reason. And guess what? Just for the next two weeks, you can try it for free. If you are struggling or you want to learn more or you want to change your life in any way whatsoever like literal tens of thousands of people have done with our programs. Go to Dollarwise.com click that link below. Your life will change. It'll be incredible. And I am here for you with an incredible support team that you can reach at any time. This is a no brainer. Dollarwise.com let's go now.

[C]

I mean I, I saw her being more independent as her having her own income stream.

[B]

You not view it as a ours as a married couple?

[C]

Yeah.

[B]

Then why is this situation set up the way it is with an allowance.

[C]

For the household while I provide?

[B]

Certainly. But couldn't she do that if we were both in one account together, joined.

[C]

I mean, I suppose, I think like.

[B]

That'S what most people do.

[C]

Okay, she didn't have her own account at first and so I created a separate bills account so that she could keep that. And I mean it just came from a budgeting perspective of this is how much I can give you this week. And especially since I was out on the road, it wasn't. You know, that's a unique situation as well. Like, I. I couldn't just hand her the card to go pay for Walmart.

[B]

You can get a second card.

[C]

Yeah, but that's just.

[B]

I mean, do you think this comes from any desire for control in the finances?

[C]

I did babysit her finances when she just had a card at first. And I don't think it was an allowance.

[B]

Why'd you have to babysit?

[C]

Was more me watching out and calling out frivolous spending.

[B]

Were you doing any frivolous spending?

[C]

Was I Or was she like, that's what I was. I mean. Yeah.

[B]

So why would it have been bad when she was and not you?

[C]

It's not necessarily.

[B]

Okay. Because I'm sure getting to like a quarter million cards has required some frivolous spending.

[C]

Yeah, absolutely.

[B]

Okay. And if she came to you and.

[C]

Asked, I have joined CONTROL playing magic at that point. So, I mean, yes, that has required some frivolous spending over the years, but at that point, I was not buying.

[B]

Are you a hobby swapper?

[C]

Yeah, a little bit.

[B]

So you probably had something else.

[C]

Video games.

[B]

Okay, so if she said she wanted full joint control. Control. Joint control today. Thoughts?

[C]

That's fine. Let's find a way to make it happen and find a way to just.

[B]

Go into the bank, honestly.

[C]

Okay. I mean, you'd be down. I can't go to the bank. Ally doesn't have any banks. But we can. We can call them.

[B]

And so would you be down?

[C]

Yeah.

[B]

100. Okay, good. Thank you. Thank you. Headphones. Thank you, Colton. Okay, so a couple interesting thing here. You know, Mr. Sam doesn't seem to really understand why this allowance situation started as much as you now. He does. He did take kind of some responsibility, you know, thinking it's more on him, but he doesn't seem to know why it started specifically.

[A]

I don't. I just. I think when he was going into trucking school and doing that and he had to leave for like a month and stop, that's when it was like, decided, okay, well, here, I'll open this account for the bills. Because we were trying to save up to be able to buy a house, he wanted to do his credit. So he, like, opened up a bills account and then gave me the debit card to that bank account to. Not to the bills account, but to his regular checking account. And I was like, okay. And he goes, I'll just like. I'm pretty sure this is how we discussed it in the garage of like how to make this work since I wasn't able to have income at that time, or maybe it was more. It was harder to have my own income.

[B]

Well, I mean, he self confessed that when you had a debit card, he was policing your spending.

[A]

Oh, yeah. Very pretty hardcore.

[B]

Well, he had his own frivolous spending going on at the same time.

[A]

Yes. Friend him on that. I did.

[C]

And this, we talked about it and that's. Yeah, I, I realized that was.

[B]

That's good. Yeah. Now, one thing that is gonna be. I, I want to hear both of your perspectives talking on this now, because you both did have different answers on something.

[C]

Okay.

[B]

And that was the fact that over the last couple eight years, she says she has come up and talked about wanting more control, having this to be joint. And, you know, not that you haven't, you haven't gone. No, but it was kind of like a little dismiss, a little walk away, you know, a little, A little like hope this goes away type thing. And you said she hasn't done it once. He says you have not done it once over the last eight years.

[C]

I, I don't know.

[A]

Like, I have. How about this? It was be more me complaining that I don't have access or being able to see.

[B]

That's basically asking, though.

[A]

Yeah, I, I was dropping hints like, hey, this should be.

[C]

I don't do good with him and.

[A]

He'S not very good.

[B]

That's pretty basic though. Hey, I don't like that I don't have access. I wish I had access. That's not a subtle hint.

[A]

I would just be like, I, I.

[C]

Don'T think that's how that conversation went. But if you want to frame it that way, that's fine.

[B]

Well, I mean, that's how she's more framed.

[A]

That's how I'm framing it. And I guess it just would be me saying little things and I probably haven't done it a once. Like, if I would have made the comment once and it didn't take, I would have just gave up on it.

[C]

So I like. And a lot of times was a friction issue. I, I would have taken care of it before.

[A]

Yeah.

[B]

Well, he says he's willing to get you fully joint today.

[A]

Okay, I would like that.

[B]

Yeah, I'd like to see it.

[A]

Yeah.

[B]

I'm curious if it'll actually happen. I'd love to find out.

[A]

Okay.

[B]

But I hope it does because I think that would be good because we got to sit down, we got to talk on A monthly basis about what happened with the money last month. What do we need to Bud, what are our goals that we want to do as a couple, as a married couple? What do we have to do in.

[C]

Order to get there? Yeah, exactly.

[B]

But we can never do. If we don't both have access, if we don't know what is going on, then we never will.

[A]

I just gave him control, trust and control. Because I did feel like since I was a stay at home parent, you know, and I was doing a lot, he was paying for my guests to take care of my mom and blah, blah, blah and all this, that it was okay, yeah, this is what I get. And I was okay with it. I'm very. What is that? Just like a. I don't know what that's called. You know what I mean? Like pacifying. Yeah. Like it's fine, it's whatever. And I make up my own excuses.

[C]

Like I said, I think this happened organically. It wasn't out of any desire for control.

[B]

Okay, I want it. I'm going to go. Three, two, one, go. And on go. At the exact same time. I want you guys to give me what you think your household financial score is. Is 0 to 10, 0 being the absolute worst, 10 being the absolute best. Okay. 3, 2, 1, 2, 1.

[A]

Sorry. Okay.

[B]

If you want your financial score, take the assessment. It is free@caleb hammer.com or dollarwise.com just takes a few minutes and you'll see where you stand in the world of finances. And if you don't want to be like a guest who ends up on the show, make sure you download the dollar wise budgeting app. Take the free trial, sign up for the annual version if you want to save a lot of money. And get our budget friendly cookbook signed by me and mailed directly to you. Remember member and get the extra special version $Y Central free trial right now. Get all our education and the premium version bundled together. All right, let's get into these documents because we got a lovely amount.

[C]

I have a feeling, I have a.

[B]

Feeling this is going to be kind of your first time seeing a lot of this.

[A]

Yeah, yeah. Which is interesting, right?

[B]

I would suggest that that is interesting.

[A]

Yeah, yeah. Like I have no clue of like what is going on.

[C]

A clue though. Talk about it.

[A]

Like, I. I just don't do the math in my head.

[B]

I guess I don't do some guessing math.

[A]

Okay, there we go.

[B]

We know kind of what comes in, what went out. Well, actually what went. What came in total, which included mother in law, rent and Social Security deposit, cash app drawdown, wife payroll, cash app in, and husband payroll all accounted for. $6,874. Good. What was spent what month. And that includes some interest happening as well. But what was spent. What do we think?

[A]

I would. At least seven.

[B]

Okay.

[A]

At least seven.

[B]

At least seven. So more?

[A]

Yeah, more. Oh, for sure.

[B]

That's not good. If we're giving complete control over. Out of trust to pay off the debt. That wouldn't be good if it was more. What do you think?

[C]

No, I think it was spent under. I think it was like 47. 5. 5,000.

[B]

So you'd make about $2,000 of progress.

[C]

Maybe. Yeah.

[B]

Okay. Well, it was $8,330 that went out, so that was $2,000 more.

[C]

Yeah. Yeah.

[A]

Okay. I knew I had a closer amount because I know. I know I spend quite a bit, and I. I don't.

[B]

You're giving only 400 a week.

[A]

Yeah, I. Yep.

[C]

Plus what she brings.

[A]

Plus what I bring in.

[B]

And going out to eat alone is basically 900 bucks. Miscellaneous was another 900 bucks going out to eat.

[C]

Right now my fridge in my truck is busted. And so how much does that take.

[B]

To fix or get a new one?

[A]

15.

[B]

Okay.

[A]

And it's been.

[C]

Yeah, it's. It's. I just haven't done it yet. But. But it's a reason, not an excuse. Like that's.

[B]

It's a reason, but your reason for not doing it is invalid. Especially when the people.

[C]

Reason for not doing it.

[B]

You said. Yeah, well, why haven't you done. I thought you said a. I just.

[C]

You asked how much it was. I question how much was.

[B]

Why haven't you done it?

[C]

I just haven't. It's kind of a pain in the ass to get back there in a tiny little space. I just haven't done it.

[B]

I pain ass to me, destroying our financial future.

[A]

It's easier to go out to eat than to.

[C]

Sure is.

[A]

I do. I got to give him credit. When it first broke, he tried to take our little cooler that you plug.

[B]

In and you just take it somewhere.

[A]

No.

[B]

Is there someone. Someone that might be able to fix this?

[C]

I can fix myself.

[A]

No.

[B]

Okay, but you're not.

[C]

That's correct.

[A]

But no, they won't fix it like through the company.

[C]

It's a mini fridge and I know.

[B]

But like a handyman on, like, dude.

[A]

They want like $300 dollars for something.

[B]

Dude. But it's literally 900 going out to eat on a monthly basis and has them to fix in multiple months. 300 would have saved us. Yeah, like, I'm not saying do that. I would rather you fix it. But you're. You're not.

[C]

All of that 900's not me.

[B]

Well, that's fine. We still went out to even 900, which is 900 more than we should because we spent $1700 more than we brought in last month. And then again, there was another 900 of miscellaneous. 837.29 to be exact. Packed.

[A]

So that's miscellaneous because I just find it easier after running.

[B]

It is easier.

[A]

Yeah.

[B]

But, you know, it's not paying off all the debt that we're accruing, especially if we're spending more than we make. You know what's not? Our kids not having a college fund and then putting everything on them. You know, it's not get. All of a sudden, our credit just goes down and our car breaks, and we can't afford to be able to get another car. Interest rates absolute. When we get a loan, for one. Like, we're just putting ourselves in such a dangerous position. Let me be real with you. You can't fix your finances if you're running on four hours of garbage sleep every night. And I'm not talking about staying up late, grinding. I'm talking about tossing and turning, overheating, waking up more tired than you went to bed. That used to be me until I tried eight Sleep. Their pod FI system completely changed how I sleep. It's a smart cover that goes over your existing mattress, tracks your sleep, adjusts the temperature of each side of the bed automatically throughout the night, and shows your sleep score backed by biometric data in the morning. No wak up in a sweat, no flipping the pillow 10 times, just actual rest. And look, if you're someone who's trying to get your life together, whether it's budgeting, side hustles, whatever, you need good sleep. Otherwise, you're running on fumes trying to make smart decisions. And right now, Eight Sleep's giving $350 off the Pod 5 Ultra and $200 off the Pod 5 Core. Just use code HAMMER at checkout and go to Eight Sleep.com hammer again, that is eightsleep.com hammer and use code Hammer. This is one of the few upgrades I made that actually paid off. So if you're serious about changing your life, start by getting some real sleep.

[A]

I just. I. I understand that, but I understand it. Yeah, we're not gonna do it.

[B]

Small fix.

[A]

Yeah, I. I go out to eat probably twice a week because of laziness and not at least you gave a reason.

[B]

Yeah, let's be honest. Yours is insane.

[A]

I'm tired.

[C]

I said it was.

[B]

No, no, you didn't. I asked for a reason.

[C]

Word lazy. But I said I just haven't done it.

[B]

I should have, remember?

[A]

That's.

[B]

Remember, big guy, we're not very good at picking up clues, so maybe say the real word.

[C]

I'll spell it out next time.

[B]

Oh, you just gotta say it. Capital One. Quicksilver. Whose card is this?

[A]

His.

[B]

Do you have any. So all the debts, yours.

[A]

No, but mine. Mine's on there like he. He uses.

[C]

Legally, it's mine.

[A]

Yeah, yeah, but legally it says he has them at all times.

[C]

Do you have the city card and the Kohl's card?

[A]

Oh, I do have the Kohl's card. No, I don't have the say card.

[C]

It's at home.

[B]

Oh, okay. $8,343.54 with a minimum monthly payment of $283. Now, there was a $2 purchase. I don't really know why, especially since 200 of interest is accruing on this card that is basically maxed out. Takes 25 years to pay off. By the way, minimum payments only without making any purchases. Oh, we make purchases. So I'm sure that'll take even longer.

[A]

But yeah, it's a two dollar purchase.

[C]

Google. I've tried to tell you it was Google. Your Google crap's coming out of that.

[A]

Why?

[C]

I've tried to get you to look into it.

[A]

I don't think that's my Google.

[C]

I don't have any Google subscription.

[A]

Google $1.99.

[B]

Yeah, yeah, it's Google One. It's like there's storage, right?

[A]

Yeah, it's my storage.

[B]

So dears.

[A]

But I thought I pay for that.

[B]

And you can pay for it. Just put it on debit. Like you're putting it on a card that is not being able to pay off, that is accruing interest.

[A]

Yeah, no, I didn't know that. I honestly thought that I was paying more. He says he's told you, and he has. And I've looked into it and I have. I could have sworn, no matter what, I've tried to change it over to my debit card.

[B]

You know, it's literally like four clicks online. I've changed mine like a thousand times.

[A]

I get it. But I could have swore I changed it to mine. Oh, okay. I will. Fun fact.

[B]

Didn't I?

[A]

Did not, I guess.

[B]

Okay, well, again, 25 years to pay off. So we're talking at that point. You know you're gonna be in retirement age.

[A]

Oh, God, no.

[C]

I make more than the minimum, so.

[B]

Yeah, it was a little bit more than minimums. But listen, if you were substantially making more than minimums on a consistent basis, which is what you're kind of setting up, that's almost what you're qualifying and you're in the way you're talking right now, you'd be substantially below the max. The credit limit. You're 150 below. Yeah. So, like, let's not bring that energy to it, like, for, like, in reality. Yeah, you probably did it once or twice, a little bit more. A lot more progress.

[A]

But isn't that the one that we tried to pay off the quick server?

[B]

Tried to pay off. What's this trying to pay off mean?

[C]

What do you mean?

[A]

I. That we put money from the taxes.

[C]

Like two years we haven't had money toward.

[A]

Yeah, I know, like two years ago.

[C]

Oh, maybe.

[B]

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[B]

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[B]

Two years ago. We're talking about trying to paying it off two years ago. It's max.

[A]

I get told all the time, it's, I need to put money towards the car credit card. So that's. I was trying to figure. Yeah, we don't talk about. None of, like, we don't. Yeah, we're not organized.

[B]

$1,500 this year alone in interest, meaning 3,000 hours this year total, is what it's going to be in interest on one card, the very first card taken from you guys. That is a half a month of household income that will be gone in just a single year. I'm sure it's been maxed out for a while, right? Or did we just build it back up? I don't know. We built it back up.

[A]

Back up, Right?

[B]

Or I mean, she doesn't know. Like, oh, you're so confident. No, you don't know these cards. You don't talk, you don't see. So why.

[A]

Because I do hear, like, we're putting money towards that and bringing it down.

[C]

Built back up. It hasn't been utilized for quite a while. Other than that, two days.

[B]

When was it built back up, though, to max? Because again, it's only 150 bucks away.

[C]

I mean, it's been there for a year and a half.

[A]

Yeah, that's not. That makes sense.

[B]

So when we say we make more than the minimums the last two months, right? Or we're talking like $2 more consistently. No, if it's been two years and it's only 150 below max, what are we doing?

[C]

So I'll pay over minimums on one of the three cards and try and get that lower. And then I'll hit a time where like either I'm taking time off or just.

[B]

How much time are you taking off?

[C]

I mean, usually it's not more than just taking a long weekend.

[B]

Okay, so it shouldn't be a pig.

[C]

It's not huge. But then trucking is variable.

[A]

It is variable.

[C]

Like sometimes I get broke down and if I'm driving, I can make 35, $40 an hour if. If you break it down to hours. But if I break down, I'm making $20 an hour.

[B]

You did tell me you made anywhere from like 80 to 90 a year, though. There's that calculating that in. Or is that calculating? Nothing goes wrong?

[C]

No, that's calculated. That's like.

[B]

Okay, then there shouldn't be issues. That's an incredibly strong income, especially for northwest Arkansas, I'm guessing. What is that, Walmart?

[C]

Yeah, yeah. Walmart area.

[B]

Yeah, yeah. So I guess the parents of Boogie2998, like child bride.

[A]

What?

[B]

Huh?

[A]

What? Boogie? What? What is that? That.

[B]

Okay, so I don't.

[A]

I have no idea what that is. I want to know. Now you have me intrigued. I want to know.

[B]

Okay, so that's calculating in. So that shouldn't be an issue then. Like, I understand that part's hard, but if we're making 90 or total in a cheap area of the country, it's.

[C]

An expensive area of a cheap area.

[B]

Of the country, which is still a cheap area.

[C]

It is. It's. I mean, yeah.

[B]

I mean, if I'm in the most expensive town in the middle of a field, it's still pretty cheap. Okay, so I. But 90,000 just stretches really farther. Cuz if we're talking median household income in the United States, we're talking about 65. So you're already well beyond that. And I'm sure for your area you're dramatically beyond. Okay, we have another quicksilver. So two quicksilvers. Is this. Who's is this?

[C]

Mine.

[B]

Okay. So if you're the one trusted with finances, why do we have a card that is over maxed out and the, the one previous was just under what's going on? You're the trustworthy one. You're the one that took control. Why is this over maxed out is.

[C]

I have impulse control issues. I.

[B]

So why should you be the one in control?

[C]

I never said I should.

[B]

But you're the one that claimed it.

[C]

I, I am the one in control. That doesn't mean I.

[B]

You put an action to do it. Nothing just happens without action. Okay. Interesting response. I mean I think we can objectively agree that someone at least made a decision at some point.

[A]

I think we both decided. But yeah, I give it to him to do it.

[B]

So why let's pretend it was all you and you know, not him?

[C]

Because he doesn't like open. Before I open them, I come to her and say this is what I want to do.

[A]

Yeah. In the past couple years has he just like, just did what he wanted with them?

[B]

Why have you given up?

[A]

I be. I think it was because we got the house. Once we. He reached his goal of getting the house, then it was like, oh, now I can just use it how I want.

[B]

So our retirement doesn't matter together, our kids future doesn't matter because we got a house.

[A]

I don't. No, I'm just answering from my perspective.

[C]

What's your perspective?

[B]

Oh, yeah, sure. No shape. All right, we're back. We had a moment to cool off. I appreciate it. Yeah, thanks for, thanks for coming back. So again we were talking about this quicksilver card. We're over the limit on this, so. Yeah, at this one the limit is 8,000. $8,026.33 is owed with a minimum payment of 261. 24 years to pay off. So we're both, both of these cards alone are getting our into our retirement years. $181 of interest accrued. And it's a. Again the cap is 8,000. So over by $26.33.

[C]

It's like, like buy a new bed, new furniture.

[B]

When did we do that?

[C]

Bed was two years ago.

[A]

Yeah, two years.

[B]

Well, so why are we maxed out to over maxed out today though?

[A]

The limit we, we put a little bit and then we'll spend it on like stuff around the house or like Christmas or certain things like that back.

[B]

To school pops up and why on this card though?

[A]

He just.

[B]

Why on a card that's at its max?

[A]

Max? I don't know.

[C]

I mean it wasn't maxed when I put the stuff on there.

[A]

I think he just does whatever's free. Whatever card. So if he's paid that one down.

[C]

Yeah, whatever has space.

[A]

Yeah. Has space to put it on.

[B]

I mean just using that word itself is what makes me nervous of where our mindset is with money, with what's ever free.

[A]

Well, no, sorry. I was. He knew what I. I know you'd.

[C]

Like to talk about credit card people and not credit card people.

[B]

People. Definitely.

[C]

I was a credit card. He was for a while. And then when it got out of hand, I don't know, something flipped and I just. I. When did you hear about that? I mean it was prior to.

[A]

That's what I was trying.

[C]

It was prior to me starting driving where like we were kind of. Because I was in driving school trying to make ends meet and stuff like that. I think that's when. Then one of the second ones got opened and I.

[B]

It. What made you lose the care though in your own reflection?

[A]

Yeah.

[C]

I mean when it felt like it was out of control, I. Okay, it's a bad decision.

[B]

I rolled into the. Out of control. Like what, what was some of. Like. I just like a little reflection, you know, going back there. What do we think made it spiral? And then what just made us not care once we saw this.

[C]

The initial thing was going to TR. Driving school and not having income for, you know.

[B]

We didn't have any income.

[A]

No.

[C]

No.

[B]

How long was that?

[C]

That was for like a month.

[B]

Okay. Did we have an emergency fund?

[C]

I had. You're going to hate me here. I had disbursement for my 401k that.

[B]

Okay.

[C]

I. The job I quit to get.

[B]

That's even more concerned about where we're at.

[C]

Money from my dad.

[A]

Yeah.

[B]

Oh well, the 401k thing is even more concerned about where we're at then because again, if we're in. What was it? $47,000 of bad debts.

[A]

Yeah.

[B]

At almost 40. You know, we can, we can take in about 20 years from your guys lives right now. You can start withdrawing money from your Tax Advantage account penalty free. But what kind of retirement even we're looking at? Remember taking care of your mom heavily right now, Right? Yes, heavily right now. Now a lot of it is because the medical. Absolutely. But do you want to be in a position where you look 20, 30 years down the line because you guys decided to live for now instead of actually preparing for your retirement? Your kids are gonna have to put their lives on hold. They're gonna have to Take sacrifices when they're around your age to take care of you. And even if it is medical, if you guys are prepared you will be able to then more be self sufficient may in home care for yourself you could pay for in your own house without having to rely and put a kid's life on hold. Right.

[A]

Yeah.

[B]

And that is what we're selfishly doing right now.

[A]

Yeah. I never thought about it like that. It's more of living in the now than. Yeah. I've always been that type of person though. And it is hard for me to change that.

[C]

Really bad impulse control.

[B]

We're max out a th000 hours this year alone so far. So that's going to be 2 year 2000 hours by year's end. Which combining that with the last car card that's about an entire month's worth of income is going to be taken from you guys on two cards together. One month of you guys working only goes to pay for interest on two cards is what it's going to look at by the end of the year.

[A]

I had no idea.

[B]

So this is a 26.99 interest rate. Okay. We have a Discover card.

[A]

Yeah.

[B]

This is you.

[A]

These are taking both of us. Like I said, it's under his name but he has more control over it. But I, I.

[C]

Financial decisions are joint decisions.

[B]

Right. But you ask him to purchase. You're not going out there and swiping.

[A]

I will ask him. Hey, can we use this for like.

[B]

Listen, once behaviors change we can get you on something like the fizz card because it works as a debit card. Only lets you spend what's in your checking account but it builds credit again. If we care about something like that. Like that. And once you get back in the career field, I'll get you a course career certification as well to try to up your resume to get back into the workforce.

[A]

Yeah, that was my other bit because I have been out for so many years. It makes it harder for me when I'm applying.

[B]

If you're truthful on your resume. Yes, it does.

[A]

And I don't like to lie. So.

[C]

Yeah, I mean it's not great. It's not being a caretaker for her mom for medical reasons. Is that potentially.

[B]

I guess it. Yeah. Potentially. I'm curious. Okay. What career field are you trying to get into again?

[A]

I mean I.

[B]

It's years down the road so it's. You don't have to have an answer now. But if you do.

[A]

If I did it would be some kind of counseling.

[B]

Okay. Then that actually could be a little beneficial.

[A]

Okay.

[B]

If we're able to list the skills that reused under the caretaking as some sort of like helping and support and counseling that maybe, maybe that could help. Okay. So this Discover it. It's discover it is 3,000. Okay. Just again, couple hundred dollars on a max. $3,982.53 cents. Minimum monthly payment of $117. 21 years to pay this one off. Minimum payments only. No purchases. But no purchases were made on this.

[A]

Yeah.

[B]

No. Looks like your credit score is written on 700. Okay. That's. Yeah, these are all just chunky and they're just so close to max, which is what's so scary. $668 of interest on this year alone. So it's going to be like, you know what, 1200 bucks by the time the year's done. So now we're eating into the second month's worth of income. Where do you spend your money that are write offs or deductions from your taxes for your business, your toe business?

[A]

Where do I spend like my spending? I do it off probably my Chime. My Chime account.

[B]

Is it a business account? No, it was just doesn't necessarily need to be. But it definitely helps with organization and protection that it. That was doing our accounting. So we're using a CPA at the end of the year and they have access to everything.

[A]

Yeah.

[B]

Okay.

[A]

Yeah. I just kind of mark down like a general. I always underestimate like what I've spent on my stuff. Like I try not to like be like oh crazy a deduction. But I do like do a good amount for my nails and my toenails and stuff. Like my pedicures and stuff. Stuff.

[B]

Okay. City Custom Cash. This one is about halfway. So this one's not as limit actually I'd say about a third. Who's City Custom Cash.

[C]

It's mine. That was a balance transfer about a year ago. Because it was an intro.

[B]

From where?

[C]

From what?

[B]

From where. Where was the balance transferred from?

[C]

I think it was from the Discover. It was from one of the cards.

[B]

So that's what makes me nervous. Right. It's like I get you signing up for this program. Might take less of a credit hit. Might incentivize you to open up another credit card. I don't know, 100%. I just need to make sure we change your behavior before we try to take this step and feel like we made any progress by signing up for a program from a psychological perspective. Because look what we did. When we can. When we transferred over. Then we discover all the way back up again. Right?

[C]

Yeah.

[A]

Yeah.

[B]

So that's what happens every single time in the history of the show. Honestly, anytime anyone does a consolidation or personal loan.

[A]

Yeah.

[B]

They just transfer.

[C]

Oh, we'll get to the consolidation.

[A]

Yeah, that's gonna happen too.

[B]

And bankruptcy people do it as well. So 600 balance on here, 41 payment again. I'm glad there's no.

[C]

I don't pay the 41. I pay $100 so that I will be done with. There will be no interest on that.

[B]

Oh, it's in an interest repair until 12 months. Yeah. But you know what's interesting is I wouldn't even necessarily do that strategy now if we're paying this off quicker because it's the minimum because it's the smallest and we need to hyper focus all of our extra money towards it. Instead of a little extra here, a little extra here, a little extra here. But even so, it's not necessarily the need to pay this off before interest accrues unless there's deferred interest. But I don't see deferred interest happening. If there's deferred. Deferred. If it was deferred interest, that's. Yeah, we need to pay it off before interest accrues. But it doesn't really make mathematical sense to throw this to a card because it's interest free just to pay it off before interest starts because there is no back interest that hits. Now if we're paying it off quicker because it's the smallest and we're trying to snowball, that would make sense. But then it wouldn't make sense to put extra towards capital. 1 quicksilver Discover it either.

[A]

And that's what he's been doing.

[B]

Yeah, a little extra.

[A]

Just a little extra on all of.

[B]

Them because that's not any debt payoff strategy. You know, we. We do their snowball method. Smallest to largest avalanche is, you know, highest interest or big largest interest to smallest. Those are the debt payoff strategies. There is no debt payoff strategy. That's like a little more here, a little more here, a little more here, a little more here.

[C]

Sure.

[B]

That doesn't get us anywhere.

[C]

Obviously I have not done well with that strategy.

[A]

He's been doing that for years.

[B]

Where would you guys say all the extra money goes? Obviously we talked about some categories and percentages and I have. We'll get to the spending throughout.

[A]

But.

[B]

But where from your own just perception? Does all this extra money go eating.

[C]

Out when we shouldn't? I haven't bought cards in a while, so that's not anymore. I am willing to sell.

[A]

He. He did a big chunk with just like buying.

[C]

I was selling chunks for a while, but since I'm out on the road. You have 24 hours to make mail. So I can only have my store active.

[A]

I could.

[C]

I mean, she could. I tried to teach her. She didn't really want to.

[B]

Well, I mean, why learn?

[A]

Well, the fact of moving and finding it in the hard, heavy. They are. They're heavy and if you. You can get lost in them.

[B]

Oh, I'm sure. But this might be a money thing because. Because we're trying. Well, honestly, we're at the point, if that's not one of your heavy passions anymore, or even if it is, keep the ones you care about. We just need to sell.

[A]

That's what. Well, and that's what I kept saying to him. I was like, I what? You know, and I just. Yeah, I need more of a knowledge. I guess that's where the shed thing came along of, like, it would be easier for me to, like, focus.

[B]

You did not listen to rules.

[A]

I did not. I didn't. I don't. I didn't remember. I have it on vibrate. That was my own alarm that I forgot to turn off.

[B]

I'm sorry, what is it? An alarm reminding you to take a toe pick?

[A]

It was my Instagram post.

[B]

Let me guess. You're just using an investing app that doesn't invest in you. It is time to change that. Right now, Weeble is offering up to a 3.5% match when you open an IRA with them. That is real money going into your retirement, not just points or coupons. And that's just the start. Deposit $100 and you get 30 days of Webull Premium anywhere from 2000 to $10,000 sitting around in your account. Move it to Webull and get $200 in cash. And if you worked your way up to $5 million, that's $30,000 in your account just for moving it over. It is not just about the perks, though. Webull provides the tools that serious investors want as well. Tradingview integration. Real time data, zero commission trades. It actually works on all your devices. And now through September 30th, you can stack even more. Get a $100 cash bonus for a $2,000 deposit, plus a 2% cash back on all deposits and a 30 day premium voucher and a 4% APY booster on any uninvested cash. It doesn't get better than this, so stop overpaying for a platform that gives you nothing back. And make the switch to Webull. Go to webull.com kaleb or hit the QR code or the link below. Let's get back to the show. Right. Okay, this Capital One's Kohl's card is paid off every month, so I'm not going to write that down, but I am glad to at least see that. I mean there was like a.

[A]

We just opened that.

[B]

Past Doofy.

[A]

That was me. That was.

[B]

Why?

[A]

Because I didn't know. She said she say it.

[C]

And she went the day after.

[A]

I went the day after.

[B]

Why though?

[A]

Cuz I was incorrect on the day. And why wasn't it on auto I. That I. I couldn't make it. I don't have access to that account. Like. Like that.

[B]

So would you have access to make the payment?

[A]

Yeah, because you go to. You go to cold.

[B]

Like I would have to literally physically go to Kohl's to make your credit card.

[C]

She has one. Yeah, she has once. That's not a free time strategy.

[A]

That was a new.

[C]

She said she'd take care of it and so that's how she could do it.

[A]

And I bought makeup on it. So yeah, it was my responsibility. I took. I take ballet fee responsibility.

[B]

What the. It's so weird.

[A]

That was so stupid, yo.

[B]

No, that's a stupid. That's the second one this year. Did we know that at Instacart? We know that back to school doesn't.

[A]

Just mean back to school.

[B]

It means back to lunchbox packing, back to after school snacking, back to soccer.

[A]

Games, drama rehearsals, band practices, all back to back to back.

[B]

And if all of that's back, then it's time you get back to ordering through Instacart and do whatever it is that you need to get your life back on track. Instacart. We're here.

[A]

Yeah, if it's both me.

[B]

Well, I know that, but we know that it was two this year.

[A]

Yeah, I guess. No, I really thought it was one, but.

[B]

Well, it wasn't.

[C]

It was when the second one happened that you had already done this.

[A]

I kept doing. I kept thinking, yeah, but if you.

[B]

Get up the first time, then how do you. How do you not take extra caution into the second?

[A]

I suck. And I don't put in my phone.

[B]

Oh, shut up. What? That's a dumbass. That's a excuse. I don't take a little bit of responsibility. I suck.

[A]

I tell myself I'm gonna put. Put like it on my calendar. Like this is. Oh, it's due this time.

[B]

Why don't you?

[A]

Because I just don't.

[B]

It takes.

[A]

I end up forgetting.

[B]

Oh, my gosh. It's a half a second to put something on your iPhone calendar.

[A]

I know. He tells me all the time.

[B]

And just tell Siri.

[A]

Yeah, no, I don't have Siri. We have. We have Samsung.

[B]

Okay, you just tell Google.

[A]

Yeah, Google or Bixby. But Bixby doesn't like to listen to me all time. The. The time. It likes to argue with me. But, yeah, I do take responsibility. I told myself I wouldn't let that happen again.

[B]

But you did.

[A]

I know. I. That was barely meaning.

[B]

You're untrustworthy.

[A]

It's true. Man. Driving.

[B]

So what are you going to be like when you have access to the full account then?

[A]

What do you mean?

[B]

Are you just going to destroy it?

[A]

No. What? I wouldn't. Because I would be more responsible. I think I. Oh, wow.

[B]

What a. That makes me trust you so much.

[A]

I. I believe it.

[B]

That makes me so confident. What do you think that didn't just give me a massive amount of confidence.

[C]

Doesn't inspire confidence. But I don't want to feel like I'm keeping her in the dark about things either.

[A]

I have shown better from that on my account. Like, I borrow money and I get it back, and I paid it back all the time.

[B]

You're borrowing, like, little cash advances?

[A]

Well, yeah. Like, through my. Through. Come on.

[B]

Which can be an okay tool, but not when people can't.

[A]

You would agree. I had a tire thing. Okay.

[B]

A tire thing.

[A]

I had to get two new tires.

[C]

Talking about deferred interest.

[A]

Yeah. And this. They were gonna.

[B]

That's deferred.

[A]

Yeah. They were gonna charge me over a thousand dollars for $450 for these, but.

[C]

It was like two, three months, whatever. Same as cash.

[A]

Yeah, three months. Same as cash.

[B]

So I did it in time and I.

[A]

What I did. Yes, in time. I made sure that I. What I did is I borrowed the money from Cash App and paid that off because it was cheaper.

[B]

Didn't actually pay it off of the fucking money she borrowed to pay.

[A]

But it was cheaper.

[B]

Debt for debt.

[A]

Yes, it was debt for debt, but.

[B]

It was for debt.

[A]

It was that or I paid. Paid the thousand dollars. So, yeah, the bill.

[B]

That it was.

[A]

Yeah, yeah, that it was. But it didn't. It only charged me. Cash App only charged me. I think it was like, 50 to buy.

[B]

So you still paid a fee to make your bill?

[A]

I did.

[B]

No, I would not advocate for that.

[A]

Okay. Well, I thought so in my in my mind that was better than paying the thousand dollars.

[B]

Okay, it's not a dad as far as I can tell, but money in 16, what, 10, 60. Money out 106. And then if you to have it, lone draw down. Kohl's.

[A]

Kohl's.

[B]

There's the lone draw down. Jack's Ice cream. Tropical Smoothie. Ozark's Coca Cola. Trying to write out that off on her taxes too, I bet. Slim's Chicken. Oh, making a payment to.

[A]

In a certain town.

[B]

Yeah, we bleeped it. Popeyes, Zisk, rich, Freddy wood. McDonald's brew coffee.

[A]

Coffee.

[B]

Harps brew coffee, McDonald's. You, dude, you make no money. You cannot do this. This is. If we're doing separate like you, you just can't get this. And if we're doing combined, you, you can't get this because you have 46000 of bad debt.

[C]

Anyway, she has a big 7 brew habit.

[A]

I do.

[B]

Well, not anymore. You're brewing at home.

[A]

Okay.

[B]

At 7am yeah. Little sweet paradise. Seven brew coffee and taco Bell belt. Spends so much going out getting bullshit when we have such substantial bad debt. Unacceptable. With three children. Unacceptable. The discover it personal loan. What is this? Is this the consolidation? Oh, what did we consolidate? Because we are at $21,038.52. What did we consolidate? Solid eight.

[C]

Give you three guesses. First two don't count.

[B]

Oh man. Okay. And then we built them all the way back up.

[C]

Christmas.

[B]

Yeah, you guys make actually really good money to be able to do all of that.

[A]

That's what I never understood. No, whatever I say. I don't know.

[C]

I tried to have her do Christmas throughout the year and she's like, no, let's do it.

[B]

Oh, the same thing.

[A]

You give me the same amount every week. No, no, no. Or just so how am I supposed to do that? That.

[B]

Why? Because you can do Christmas together. Just set a Christmas. If we want to do a big Christmas set of Christmas fund aside on a monthly basis, you don't have to buy. You don't have to buy throughout the year, but set the fund aside.

[A]

I do like that idea. I. I guess I've never thought about like just making a fund to put into throughout the year. That's what my mom does. I don't know. I never thought about it.

[B]

Okay, yeah, it's at a 12 interest rate. Better than credit card. Sure. But doesn't make the difference when we built the credit cards all the way back up anyway. That's just. It's just insane. That's $21,038. This debt is immense. This debt is immense. What's Survey Solutions? It's a mortgage.

[C]

Yeah. Mortgage.

[B]

Oh, thank goodness. Thank goodness. Okay. Love the interest rate. 2.875.

[C]

That is why I will never, ever, ever refinance.

[B]

Yeah. 169. $575.14 minimum payment. Also great cheap area. $1,234 cash. Can't even get a room that cheap in Austin. That's incredible. All right.

[A]

Yeah. We're never moving.

[C]

That's a second position for down payment assistance. It was a to on the house first home buyers program. What's the house worth right now? It's worth close to three, probably.

[B]

Okay. So at least we got an equity position.

[C]

We do have equity. And I've been paying over on that.

[A]

Yeah, he's been trying to clear that.

[B]

Oh, why? But the interest rate's so small. Why?

[C]

Yeah, just to get rid of a payment.

[B]

Honestly, I wouldn't necessarily do it because it's not the smallest balance I wouldn't put. Because this is neither smallest balance nor highest interest by far. So I actually wouldn't put anything extra towards this.

[C]

Okay.

[B]

That's. It's an $80 payment. $88.37. Yeah, typically. Okay. No, listen. Maybe I would attack it if we didn't have an equity position and the market was kind of flat there since you bought it, but since it's gone up so substantially and you guys have an equity position which protects you in case of needing to sell for whatever reason. No, I would just minimum until it's done.

[C]

Okay.

[B]

What?

[A]

Nothing. You're on my bank account.

[C]

What's the. Which one would. Well, I guess we'll get there. Let's.

[B]

The debt payoff strategy. Yeah, we'll get there. So credit builder account is you time.

[A]

Yeah.

[B]

Okay. So you know that's. You put in your payoff. Put in payoff. What sells this?

[A]

Yeah.

[B]

The same Moon Springs Mis Miscellaneous and Domino's and seven Brew. We're back. Roblox. So we're letting the kids been on Roblox there.

[A]

That's my youngest.

[B]

Just.

[A]

I make her sweep every day for it. She gets 5. She gets 4.999 per for like time she asks. Yeah, it's. Well, it's about a week.

[B]

Okay. Why not just do a weekly allowance?

[A]

That's what I do.

[C]

No, sometimes, but.

[A]

Yeah, but she sweeps every day.

[B]

Vaping cigars.

[C]

The other two.

[B]

Who's doing this?

[C]

Both of us. What do you guys vape?

[B]

No, we want to Be around for our kids. We don't know long term consequences for vapes.

[A]

I keep smoking after 20 years.

[B]

Well, that part's good.

[A]

Y and my plan is to quit.

[C]

Vaping and I was cracking down and we're not going to be able to vapes. They're allowing and what can be sold.

[B]

Well, I wish that wasn't the reason.

[C]

Neither one of us are. Well, it's not the reason, but it's definitely a kick in the butt.

[A]

Yeah, it's to help me do it.

[C]

Neither one of us are going to go back to smoking, so we're just.

[A]

Never going back to smoking cigarettes.

[B]

Now when you told Colton that you were negative on this account right now, does that mean you paid more than you own or on it or are you saying you're like over I'm overdra.

[A]

Like I yeah, it's bad.

[B]

You even know this?

[A]

Oh, he knows.

[B]

What the so again, what happens when you get access to his the main checking account? I I if you're overdrafting on your own small one.

[A]

I would know just for the sake of seven Brew. Yeah, it, it would be for seven Brew. I just I, I haven't been able to get out of overdraft. I helped with a lot of of stuff. Yes, I agree.

[B]

We're vaping and seven Brew and probably vaping and getting some more Roblox Tropical smoothie Hot Topic.

[A]

That was for my daughter, Honey Bee.

[B]

Seven Brew going in, getting some bs. Probably vape. Probably vape Wiener Snitchel. Probably vape Amazon. Amazon. What the are we doing? What are we doing? Credit builder, endless fees for days. Okay, Ally, so is this the main guy? What is this? Yeah, it shouldn't be. I don't know Ally, like, well, spending accounts literally ended at negative $22.

[C]

That would be the her account.

[B]

So this is two accounts now in a row.

[A]

Hey.

[B]

Plus cash app being brought down.

[A]

I don't ever know what's on that. So sometimes I do make purchases have enough on there.

[B]

Oh, and this is for AMC Domino's Cash app. Amazon. More vapes. Cash app.

[A]

Yeah, because I send the money to my cash app.

[B]

Taco Boca. Boca Taco. Oh, Toca Boca Toka Boca.

[A]

That's my daughter's.

[B]

Yeah, another Google one. You have two Google ones.

[A]

See? No, that's what I'm saying. I don't Cash apps.

[B]

Vape nails. Cash app, Microsoft apps, Mountain Cash app, Roblox. Again, more vapes. And then going in and getting some bs. So you also stop at the gas station, you get some quite, quite Often a couple times a week at least.

[A]

No, I just.

[B]

You 100% do. No, cuz you're not going in and getting $340 of gas.

[A]

My Red Bulls I get or okay, yeah, that counts. Yeah, yeah let's do that instead of future just lately.

[B]

Okay. Is this the main account? The one that ended with 48,000? 4,900 came in, 4,900 went out. Is it the main account?

[A]

I think so.

[B]

Cuz that's a dangerous balance.

[A]

Or is that the.

[C]

So scary to have 48,000 after the tariff blow up.

[B]

Curious to see how this. Oh trucking, okay.

[C]

It has taken a hit and so freight drop. But I do intermodal and so most of the stuff that I do and most of the stuff that flows around America is imported.

[B]

Yeah. It's going to take a while to.

[C]

Do a big drop and we relied on me working overtime.

[A]

Yeah.

[C]

And we don't have any overtime anymore.

[B]

You're still projecting about 80 to 90 this year though.

[C]

I think when I just did my. My annual review. But that re. That's the first part of the year where I had overtime. I think he projected me at 85.

[A]

4.

[B]

That sucks.

[C]

But with like I said, if I'm projected at 84 and that includes a bunch of overtime.

[B]

Well to be clear, we're relying on overtime because again we spent minimum couple thousand hours in bull alone. So I mean we just have to make changes. We can't live the same lifestyle.

[C]

Absolutely. We've been living above our means.

[A]

Yeah.

[B]

Okay. Winning. Got some B.S. cox communic Internet. Okay. McDonald's Fenway now. But that's cell payment to data says Dairy Queen. Dairy Queen, Wendy's, KFC Allied Refreshment. Audible. I'm okay with the audible thing especially because driving I'm okay with that but okay, well I'd rather fix the fridge.

[A]

Right.

[C]

Started listening to Spotify audiobooks. Yeah, well not even audiobooks but podcast on Spotify. And so I've paused my audible. Our Internet bill is lower. But then yes.

[B]

I just need to eat like crazy because we just need to fix this fridge. Dude.

[C]

I just need to fix this the fridge.

[B]

So go Winning. Got some BS Winning. Got some BS because obviously you're stopping at gas stations on the road. I would just try to buy in bulk and keep things I do like.

[C]

Try to use my points as much as possible. Well because I get rewards points for fueling.

[B]

Okay. I'm a draw. Gamer subs. Got some gamer subs.

[C]

That's instead of doing energy drinks. That's What? I drink.

[A]

He drinks the gamer.

[C]

I buy those.

[B]

Well, isn't it an energy drink?

[C]

Yeah, yeah, it's.

[A]

You buy the powder, make a little.

[B]

Tub of the powder.

[C]

And so I make.

[B]

It's.

[C]

It's caffeinated Kool Aid.

[B]

Yeah. McDonald's. Los Amigos went and got some BS winning, got some BS Bojangles door dashing Chick King went and got some BS went and got some BS vaping cigars. Hot top.

[C]

The door dash was because I was in the middle of St. Louis.

[B]

No, I'm living.

[A]

Don't.

[C]

Literally. Literally at the yard. They don't have anything within walking distance. And I wouldn't walk if I could. Well, you can ride out there with me and you can walk around.

[B]

I don't want to go to sailors. No reason. Winning, got some BS Auntie Anne's winning. Got some BS DoorDashing French was when.

[C]

We went to the mall.

[B]

I don't get any Taco John's cash app. Cash at McDonald's Getting some BS features Happy Donuts on Zaxby's Ice cream Frat Tilly Wood. We got some B.S. mcDonald's B.S. cash app, vaping cigars, BSBs. McDonald's theme purchase taco Bell. Venmoing out Grand Lake Resort. Grand Lake Resort.

[C]

That's our annual family reunion.

[A]

Yeah. That's cost us a lot. We even debated not going this year because a bit.

[B]

Well, it would have been much easier to afford. I mean, you guys go out to eat insanely and you guys stop a gas station, get things like crazy. You guys get Go vaping. Hot Topic. Roblox. Yeah. Though the amount of money we spend is ridiculous. Savings has gone from 502 to 503 in Ally. So I guess we're holding a bunch of crypto in this.

[C]

No, I just sold that.

[B]

Huh? I just sold that and put it towards something.

[C]

It's sitting in the savings account right now.

[B]

So a couple thousand in savings. Okay. Here's some retirement. 401K 8333. Is that you?

[C]

Yeah.

[B]

Okay. Dramatically behind for her age. How much did you take out before?

[C]

I think it was $4,000 disbursement.

[B]

Okay. Yeah. It would have compounded pretty great at this point. 11,401.

[C]

I mean, my balance was bigger, but it wasn't vested. So when I quit that, it wasn't.

[A]

Oh, yeah.

[B]

Oh, it wasn't vested. Yeah. 11,000. Is that you? So you have it a separate 11,000.

[C]

What? Where?

[B]

Is this the same account?

[C]

That's the same.

[B]

I have 8,300 and then 11,000 here.

[C]

I think one of those was all I could get and so I took a screenshot of the other one for a up to date version.

[B]

Oh, vested. And then here's the balance. Okay, gotcha. Okay, so 11,000 behind for none.

[C]

They only gave me. I think this is a quarterly report.

[B]

You should be approximately around $200,000 for your age in retirement for what the household is.

[C]

Y.

[B]

Okay. Minimum payments outside of the mortgage and the down payment assistance is $1,295.44. Now mortgage plus down payment assistance is $1,322.37. What is the utilities in the Internet all combined.

[C]

Internet is new, so we just got fiber, so that was 109. Gas is 90 and average for all the rest of it. It's municipal. So it's all combined. Find it's around 170 to 200.

[B]

Call it 185. Okay. 384 for utilities. Good phone bill.

[C]

280 right now.

[B]

Oh, why?

[A]

Because we just did a bunch of dumption on Christmas. We got our daughter's phones. New phones.

[C]

We got our daughter's phones.

[B]

If t mobile's good in your area, I would definitely do a more of a third party service like helium. It's so much cheaper. But that's once you guys pay off your phone. But we'll do 280 for now.

[A]

Yeah.

[B]

Gas, both of you combined.

[C]

I don't lose gas.

[A]

Yeah, me, I. I would say probably $80 a week.

[B]

A week?

[A]

No, I feel I do like 40 and then 20 towards the end. So about 60 a week. Yeah.

[B]

Okay. That's going to be 240. Just about car insurances.

[A]

That's cheap. That's like 88.

[B]

Right. So 80.

[A]

Yeah.

[C]

90.

[B]

90. Okay. TP fun for the house. Three kids. Yeah, that gets hard.

[A]

DP fun. What is that all?

[B]

Anything else your house needs outside of groceries and everything?

[A]

Outside of girl.

[B]

Okay, well let's do groceries first. Okay, let me see. I mean we could do. Should be able to do about. About a thousand.

[A]

Yeah.

[B]

Got a meal prep though. This is meal prepping time. We're doing some meal preps.

[A]

I'm okay with that.

[B]

TP fun. I'm gonna say about. You're gonna conservatively say 250. You might have to go higher.

[A]

I might have to go higher just because they're girls and I have to get stuff for them.

[B]

300? Yeah, some is deferred to next month. Some, you know, some months are higher, some months are lower. We're averaging out 300. Okay. Healthcare? Co pays whatnot. Prescription?

[A]

Yeah, there's co pays every month. I have a doctor bill. That is how much? 70.

[B]

Cool.

[A]

Oh, prescription is just 15.

[B]

Okay, so 85. Gotcha. Gems.

[C]

20 gems. Oh, 27 subscriptions.

[B]

I'll give you for the household because little more kids. 50 bucks. Okay. Any pets?

[A]

Yeah, we have one dog.

[B]

Age?

[C]

Health old, she is about nine but she's a pit so she's close to end of life and so no health insurance. Not doing great.

[A]

No.

[B]

But yeah, without food. Dog food.

[A]

How much dog food? 25 every two weeks plus a bag of 40amonth. So $25 for a bag, that's like 10 days. Days. But then I also get dry foods.

[B]

How much a month?

[A]

Trying to think. 25. 25. I would say 100. Okay.

[B]

Anything else that needs to be in your budget that I have not put in your budget.

[A]

What was I just you know of my brain was just thinking about it.

[B]

I mean yours will be more detailed than you make it. We put things in the TP fund. You can figure out your grocery a little more locked in. But this just gives us a general plan. General idea of what we can do.

[C]

Strategy wise is that thousand dollars including like I usually spend about 50 to 60 bucks on groceries a week when I had my fridge.

[B]

Yeah it should be cuz it's discounting what you would need from home anyway.

[A]

Oh we have our. The braces payment too.

[C]

Oh yeah, braces, 60 bucks.

[B]

Well we'll include that in medical.

[A]

Okay.

[B]

Interest on that on braces.

[A]

Do you know there's none.

[C]

There isn't.

[B]

$5233.86 doesn't give us a ton of wiggle room for such a powerful income. But that's the minimum payment situation we got ourselves in. 750 bucks. I'm going to call it. I'm going to round it down a little. Be a little more conservative. 750 bucks. I would absolutely though do smallest to largest. I'd get rid of that city like that. Cuz that frees up a $41 minimum to payment that funnels into the next thing. And then I would go from city to discover it to I'm not going to do the down payment assistance. So city to discover it to quicksilver and then the higher quicksilver and then the personal loan and then after that I'm chilling and then get a fully funded emergency fund and then dramatically catch up on retirement. Probably 25% on a monthly basis goes to retirement. So 50% to needs, 25% for fun, 25% to retirement. Let's see, bad debt outside of the mortgage. 42. 383.77. This will. That's going to take a while. Six months. That's not the end of the world.

[C]

How long?

[B]

Four and a half years.

[C]

Four and a half years. I think with the credit counseling it was about four to five.

[B]

Yeah. Well, that's. Yep. Four and a half years in that. But that takes into account your personal loan as well. Yeah, that's your credit cards and personal loan is four and a half years. That.

[C]

That was for the credit counseling. They were willing to do all four accounts.

[B]

Oh, they were taking the personal loan as well.

[A]

Correct.

[B]

So, yeah, I mean, I would go. You know, you can go about it either way. I would look at the protections, what fees come with signing, all that kind of stuff.

[C]

So if I do this plan where I'm lowest to largest, I can have it all paid off in four and a half years on my own.

[B]

On your own. And we stick to that following that budget. And there's going to be a little tweaks here and there. Hopefully income increases over time. Hopefully the chair of situation, you know, levels out for you and helps with there. And we need you to make more money.

[C]

That was another problem. I was working a lot of overtime and then that was causing burnout and then.

[B]

Well, sure, I want you to pick up some more stuff I'd rather you honestly get. So even just like a call center work from home.

[A]

I was going to do. Trying to do some nail, like help at my nail salon as her assistant.

[B]

Whatever you can do.

[A]

That's what I think.

[B]

The more money comes in, an extra 2,250 bucks that comes in on a month monthly basis. Nat immediately speeds this up to probably four years, three and three and three quarters. You know, it speeds it up dramatically.

[A]

Okay.

[B]

All right. Are we gonna give the Hammer Financial score for the household? But come join us in the post show bringing the producers and talk about some things that we didn't have a chance to talk about. A lot of other crazier things that would get us demonetized. That's how it goes. But Hammer financial score, spending a budget while you overspend. 0 out of 10 debt, no collections, but high interest, bad debt for sure. Over the limit on one. I'm gonna give it a one out of ten emergency fund. Well, we've taken from crypto. We put in the emergency fund a couple thousand dollars there for the household. I'll give it 2 out of 10 retirement dramatically behind on our retirement for sure. 2 out of 10 real estate, good equity position. Having a down payment assistance loan is technically going to bring it down great interest rate, minimum payment we can afford for sure. It's a good situation, relatively. 7 out of 10 we're really lucky.

[C]

With lucky the the mortgage. All of it.

[B]

It's going to be a Hammer Financial Score 2.5 out of 10 Come join Hammer LE the best membership on YouTube and join us in the post show. Three premium shows a day posted Monday through Friday. Join below. I'll see you there. She wanted to confront the idea of.

[A]

These if you're just going to keep something that could sell for a couple thousand dollars, why would I don't have anything. No you don't. That was what he was hoping for.

[B]

This is crazy and I never do this, but I want to see your feet. Duh.

[A]

Yeah. Do you just want to see them?

[B]

Elusive Members Content Click the link in the description or pin comment below and watch thousands of hours of extra and uncensored content.