He's So F*cked (I brought in his mom) | Financial Audit

Summary

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Podcast Summary: "He's So F*cked (I brought in his mom) | Financial Audit"

Host: Caleb Hammer
Guest: Drew (32, Youngstown, Ohio)
Special Guest: Drew’s Mom
Release Date: October 10, 2025

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Main Theme / Purpose

This Financial Audit episode explores extreme financial dependence and generational dysfunction as Caleb interviews Drew, a 32-year-old roll-former from Ohio who has allowed his mom to control his finances since age 18. The episode dramatically escalates when Caleb invites Drew’s mom into the studio—unbeknownst to Drew—forcing a raw, sometimes uncomfortable family confrontation on money management, independence, addiction, and delayed adulthood. It's a train-wreck portrait of what happens when parental enabling and financial illiteracy collide.

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Key Discussion Points & Insights

1. Drew’s Financial Dependency and Lack of Autonomy

• Drew has not controlled his own finances since late adolescence.
  • He gives his paycheck to his mother, who pays the bills, opens credit cards in his name, and maintains all account logins.
  • Drew does not even know his online banking login details:

    “I don’t know the logins.” — Drew (05:51)

• Drew struggles with basic financial literacy:
  • He estimated his debt “around $10,000” but it's over $50,000 (14:12).
  • He only recently learned about late fees and account balances by preparing statements for the show.
• Attempts for independence are futile due to his mother’s evasion and substance abuse:
  • Every time Drew requests account logins, his mom deflects or shuts him down, often while intoxicated.

    “She’s drunk usually when we have the fight.” — Drew (15:59)

2. The Mother's Perspective & Parental Enabling

• Mother operates from a mix of enabling, confusion, and overinvolvement:
  • She claims she doesn’t know how to transition his finances back to him and is overwhelmed by her own poor financial standing.

    “I don’t know. And he’s not $50,000 in debt?” — Mom (25:55)

• Admits to opening credit cards in Drew's name and regularly manages balances with zero-percent promotional offers:

  “I keep opening up more and putting... I transfer his balances...” — Mom (27:54)

  • Caleb clarifies this is technically illegal, albeit unlikely to result in legal action given their relationship (28:24).
• Mom herself is “horrible with money” and admits being worse off financially than Drew.

  “I am. I’ll be the first to admit that I am horrible with money.” — Mom (32:51)

3. Emotional and Psychological Dynamics

• Drew is the only child; his father passed away when he was 18.

  • This likely intensified his mom’s overbearing behaviors.

• Physical separation exists but is negligible:

  • He lives alone in his late grandmother’s trailer, just 30 seconds away from his mom’s home.

• Both deflect responsibility:

  • Mom says Drew likes the arrangement because “it’s easier for him.”
  • Drew insists he wants control but won’t push harder to avoid conflict.
  • Both defer action with “we’ll do it tomorrow”—which never comes.

• Substance use and poor boundaries abound:

  • Drew’s mom drinks five nights a week (16:16).
  • She admits to making Drew’s plate at dinner and otherwise treating him as a child (22:41).
  • They fight about finances only when she’s drinking (38:17).

4. Drew’s Spending Habits and Life Routine

• Much of Drew’s spending is impulsive:

  • Large amounts go out each month on “muffins," video games, and takeout—Caleb repeatedly points out the absurd volume of small cash purchases on “muffins” (83:09–86:29).
  • Hundreds in overdraft fees accumulate but are usually refunded—still a strong sign of mismanagement (80:45).

• He borrows from his mom yet has thousands in savings, refusing to tap it to sustain his lifestyle of eating out and gaming subscriptions.

• He lacks broader ambition and spends considerable time on video games, expressing an interest in “space” but has no plan to pursue it seriously.

  “I get off work and just play video games. Smoke.” — Drew (39:51)

5. The Confrontation: Mother Joins the Show

• Caleb intentionally surprises Drew by bringing in his mother, who watched the taping.

  “We actually put her in a room near us ... she’s been watching this live.” — Caleb (24:43)

• Mother confesses to manipulating bill payments, sometimes absorbing costs, and failing to set up autopay—resulting in persistent late fees on car and credit cards.

  “I just don’t believe I ever paid it that late ... but I guess I did.” — Mom (74:03)

• Both reveal confusion over account status, balances, and responsibilities.

  • “I don’t even know what forbearance means.” — Drew (77:14)

• There’s a mix of tragic and comedic moments as the two realize the depth of dysfunction, with Caleb acting as the incredulous but firm mediator.

6. Financial Breakdown & Prognosis

• Drew’s budget is perilously stretched:

  • $3,600/mo income, but 10–20% over that spends monthly.
  • Minimum debt payments of $807/month, but total spend in one reviewed month was $2,000 more than income (56:14–56:33).

• Debt is spread across credit cards, car loan, and student loans:

  • $13,369 in credit card debt, $14,400 on a car loan (massively underwater), $13,000 in student loans.
  • Only $465 in 401k, and $4,000+ in savings.

• Caleb prescribes:

  • Consolidate and close credit cards.

  • Set up autopay for all recurring bills.

  • Limit spending to essentials: rent, utilities, groceries.

  • Build a small “fun” budget, then aggressively pay down credit cards before saving for retirement.

  • Transition all financial management to Drew immediately—no more involvement from Mom.

    “If he fails, let him fail. That is his to learn so we can grow from it.” — Caleb (42:44)

7. The Human Angle: Stunted Adulthood & Missed Opportunities

• Caleb underscores the tragedy of lost time and opportunity:

  “He lost the best decade of his life for compound growth in the overall market. ... He has delayed this by a decade minimum.” — Caleb (56:51)

• Personal growth and independence have been continually stunted, impacting love life, self-esteem, career aspirations, and even basic daily functioning.

• Both Drew and his mom acknowledge that real change must occur—but uncertainty and habit are hard to break.

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Notable Quotes & Memorable Moments (with Timestamps)

• “You can’t even log into your own accounts today. She had to pull these statements.”
  — Caleb (06:06)

• “She’s drunk usually when we have the fight.”
  — Drew (15:59)

• “I keep opening up more [credit cards] and transferring his balances ... I guess in my name. Not funny.”
  — Mom (27:54–28:10)

• “He has $467 in his 401k. At 32, he is not even remotely close [to retirement].”
  — Caleb (55:40)

• “You lost the best decade of your life for compound growth ... and it’s gone. There’s nothing you can do about it.”
  — Caleb (56:51)

• “If he fails, let him fail. That is his to learn so we can grow from it.”
  — Caleb (42:44)

• Caleb, surveying the purchases:
  — “Muffin. Muffin. Muffin. Muffin… This is crazy, dude. This is insane.” (83:09–86:29)

• On why Drew’s mom manages his finances, despite her own poor management:
  — “Horrible with money. I am. ... I’ll be the first to admit that I am horrible with money.”
  — Mom (32:51)

• When asked about ambitions:
  — “I’m not very ambitious. I get off work and just play video games. Smoke.”
  — Drew (39:51)

• On borrowing money from his mom:
  — “I just didn’t want to pull it out of my savings.”
  — Drew (55:11)

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Timestamps for Key Segments

• Intro & Drew’s Background: 00:44–05:00
• Financial Dependency Story Unpacked: 05:00–15:00
• Attempts at Independence; Mom’s Drinking: 15:00–20:00
• Caleb Brings in the Mother, Raw Family Discussion: 24:43–30:00
• Mother’s Financial Management Fails, Confessions: 30:00–43:00
• Detailed Debt Walkthrough & Late Fees: 46:58–74:00
• Daily Spending Analysis (“Muffingate”): 83:09–86:01
• Budget Planning & Caleb’s Prescription: 87:42–92:38
• Final Financial Audit Score & Next Steps: 93:14–94:59

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Language & Tone

• The tone is direct, incredulous, comedic, but sometimes empathetic.
  • Caleb leverages humor and shock but centers the conversation around long-term growth, hard truths, and practical steps.
• Drew is passive, self-effacing, sometimes embarrassed, often minimizing the seriousness.
• Mother is defensive, confused, but open—her self-deprecation and candidness make the family dynamic both tragic and oddly endearing at moments.

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Final Thoughts

This is one of Financial Audit’s most bizarre, revealing, and emotionally charged episodes. It showcases the dangers of prolonged financial dependence, parental enabling, and a failure to learn basic money management in adulthood. The episode's explosive mid-point—bringing in Drew’s mother—allows for rare honesty about addiction, avoidance, and generational stagnancy, while Caleb methodically builds a path to independence for Drew.

For listeners seeking a case study in what not to do—both as a young adult and as a parent—this episode is essential.

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For more in-depth post-show content, including additional revelations and behind-the-scenes stories, join the Hammer Elite membership as suggested by Caleb at the close.

Transcript

[A]

To watch episodes of financial audit a week earlier. Check us out on YouTube. You give your mom your paycheck.

[B]

She takes control of all my finances.

[A]

Your mother?

[B]

My mother.

[A]

What's the fight?

[B]

She's drunk usually when we have the fight.

[C]

Oh, bring drinking into this.

[A]

She's been hearing, and I'm going to bring her in right now. You're opening up cards?

[C]

Yes.

[B]

In my name.

[A]

He could literally sue you for that.

[C]

It sounds worse than it is.

[A]

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[B]

This is Drew. I'm 32. I'm from Youngstown, Ohio, and this is financial Audit.

[A]

Thanks for coming down to Austin. What do you do for a living up in Youngstown?

[B]

Right now? I'm a metal. Former. A roll former.

[A]

I. Ah, the rust belt. Yes. We love it. Good, good, good. How many hours a week you're working on this thing is full time?

[B]

Full time? 40 hours a week.

[A]

Is this hourly or salary?

[B]

Hourly.

[A]

Okay. What's your hourly?

[B]

It's like 2320 somewhere around there.

[A]

Youngstown. Not huge. Right. So not a hyper expensive town. So that could stretch decently. What hits your account on a paycheck basis? And what is that paycheck?

[B]

About 1800. BI Weekly, BI weekly.

[A]

Perfect. Okay.

[C]

So.

[A]

So we're looking 3,600 in Youngstown.

[B]

Yep.

[A]

How you doing at 32?

[B]

I feel like I'm doing okay.

[A]

Okay.

[B]

I get my mom my bills or my. My paycheck.

[A]

Well, no. What do you. What do you mean? So you give your mom your paycheck?

[B]

Well, I give her the money for bills. No, I give her. She. She takes control of all my finances. Yeah. So your mother. My mother. So basically when I was younger, it just was easier because I blew all my money. So she kind of took responsibility and said, give me this amount of money so I can at least pay your bills when.

[A]

Because you're 32. How long has this been happening? What the are we doing?

[B]

It's probably been since I was, like, 18 or 19.

[A]

Big guy is single.

[B]

Yep.

[A]

Who would have thought?

[C]

Not me.

[A]

This is a little embarrassing.

[B]

Yeah, it is.

[A]

But I appreciate putting it on display in front of many people. But what the. So at 18. 19. Okay, listen. Not That I would advocate for that because that's when you need to start learning for sure. But let's say they do it throughout college. Okay. Dude, you're 32.

[B]

I know.

[A]

Says in 1819. This is in 2021.

[B]

It's just been easier, so.

[A]

Well, yes, everything's easier if you never have to do anything or learn anything. That is true. If you sit in a room and have food come to you, someone else pays for the roof over the head and you play video games all day, that's easier. I'm not saying that's what you do, but I'm saying if you don't have to do anything and you don't need to learn anything, you never need to advocate for yourself and you never need to go out there and be productive. No, it's easier.

[B]

Yeah. So that's why I'm trying to figure it all out.

[A]

Do you even know your bills if mommy is taking care of them?

[B]

I know. I pay 600.

[A]

About this relationship. I am so confused. Okay, yeah, yeah. Give me how this started because. What the.

[B]

I mean, it's been so long. I don't really remember how it started. It's just. She's a helicopter mom and she just likes.

[A]

What are you, 32?

[B]

Exactly. That's why it's been too long. I can't remember how it started.

[A]

You said 18.

[B]

Probably before that.

[A]

Honestly did well before that. It makes a little more sense to a certain point. What did you do at 18? Did you go to college?

[B]

What'd you do after high school? I went to a technical center for welding.

[A]

Okay, how long did that take?

[B]

Took like nine months.

[A]

Okay, so nine months. Maybe mom's helping a little. I get that post nine months. And what did you do?

[B]

I just welded for a while. I definitely went through a bunch of jobs throughout my life.

[A]

That's okay. That's normal. I don't know why that means mommy has to take care of bills, but the relationship with money. Then at that point when you started working your full time jobs and we're no longer in school, what was that dynamic with mommy and money?

[B]

I mean, we were just. I was just living with mom and she likes to take care of everything. I don't know, she.

[A]

How much is she in your life?

[B]

Completely. I mean she. Financially completely.

[A]

She can log into your bank accounts?

[B]

I don't. Wouldn't be able to. No, she can, she can.

[A]

You can't.

[B]

I don't know the logins.

[A]

You're laughing about that.

[B]

I'm laughing at your reaction.

[A]

No, that's Insane.

[B]

I know it's insane.

[A]

What about your email that. Can she get in your email?

[B]

I have my own email.

[A]

Can she get into your email for.

[B]

The email that's connected to the financials? Yes, but then I have my own email for other things.

[A]

Yeah, the special goon email. Yeah, I'm sure.

[C]

Okay.

[A]

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

[C]

Experian.

[A]

What the. Are we like. What are we doing? Is this deciding you're older than me? I can't even make fun of someone younger? Like, we're regressing. What is this? Okay, you can't even log into your own accounts today. She had to pull these statements.

[B]

Yeah, yeah, it's embarrassing.

[A]

It's okay, sure. But if I'm embarrassed for something for 14 years, I do something about it. 14 years of this? Minimum. Minimum.

[B]

I wouldn't say I've been embarrassed about it for 14 years, but it's getting.

[A]

Did you start getting embarrassed because you're.

[B]

32, probably 28ish when people started asking four years ago.

[A]

Four years ago, you're embarrassed, and you still can't log into a bank account today?

[B]

Well, it's tough because every time I ask for the passwords, she just will say, oh, I can't do that right now. Or, you know, next week I'll get them to you, or whatever.

[C]

That's so not true. You know your password to your bank account? I don't know it.

[A]

Do you live with her?

[B]

No.

[A]

When did you.

[C]

When.

[A]

When's the last time you did?

[B]

Probably about two years ago.

[A]

Why'd you move out?

[B]

Well, my grandma had a stroke, and she kind of needed someone to take care of her.

[A]

So you moved out to take care of Grandma? Wasn't even. It wasn't even to be independent?

[B]

No. She moved into my room at my mom's house, and then I took over her trailer.

[A]

So, again, it wasn't for any kind of independence. It's because it was a necessity. Oh, good. You had to make an email to apply to the show because you didn't want her knowing Right.

[C]

Yeah. Well, I know.

[A]

That's crazy. What have I walked into here? Dude, this show blows my mind. This is absolutely insane. What. What are we doing with our lives? This is crazy that this is actually exists. Did not wake up today expecting to. I didn't know you. This existed in this world.

[B]

I'm sorry.

[A]

I don't want to be. I don't want to be horribly insulting. Just a little insulting. Mildly. A little high insult, but not aggressively.

[B]

Little bit deserving.

[A]

No, you deserve a lot, but not aggressive. How'd you get these statements pulled then?

[B]

I asked her to see them every once in a while, so she didn't really think much of it.

[A]

And then what's that dynamic like, when you get the statements? Does she like, hover over you as you're looking at them?

[B]

No, she just emails me them so I can check them out.

[A]

What's yalls dynamic? Right now?

[B]

Right now I get paid, and then I give her $600 out of that paycheck, and then she pays whatever needs to be paid.

[A]

You, huh? You give her 600 paycheck, but she's managing your. Is the paycheck cash?

[B]

No, no. I guess the other. My. My own personal checking account. That's. That's the only thing that I really can log into.

[A]

And, you know you're logging to that?

[B]

Yeah, yeah.

[A]

Does she have the log into that? So it's a little bit in the. Little bit in the separation, the bills that she has to worry about, apparently for you, that you can't. Is that all this?

[B]

Yeah.

[A]

But you're dying in debt and she's managing it, and then you don't care?

[B]

I care. That's why I ask her for the passwords and everything so I can get in there and get everything transferred to.

[A]

Are you an only child?

[B]

Yeah.

[A]

Okay. Is dad there?

[B]

Dad passed away when I was 18.

[A]

Okay. So that could pop us linking things together. I don't think she wants to lose mommy's little boy.

[B]

Yeah.

[A]

When you moved out, how far away from the house is it?

[B]

30 seconds.

[A]

Okay. You didn't move out. Oh, dude. Okay. I think mom is holding on to you.

[B]

I don't. I mean, she's not that bad.

[A]

Go on.

[B]

I mean, she's not, you know, crazy about it. She's just.

[A]

What do you mean? Has she advocated for getting you separate because she's not giving you the passwords?

[B]

Not necessarily.

[A]

Then I can't. Then what the are you talking about? I don't know.

[B]

She's not doing it in a malicious way. She's just trying to help.

[A]

Well, she might be doing it with what she thinks is a positive intention, but is it leading to positive results in the end? You have no independence. How old's mom?

[B]

60.

[A]

What happens? Hopefully not for a very long time when she's not there. What are you going to do? You won't even know how to get into your own accounts.

[B]

That's kind of why I'm trying to get everything.

[A]

Sure. You're 32. Let's say she makes it to 80. Okay. So what are you going to be 52 at that point? Great. Wonderful. And then you will be 52, still living on Mommy, paying your bills from your own money because you can't manage it yourself.

[B]

Well, it's better than her paying the bills.

[A]

You didn't even know her age when you applied to the show. You said she was 52. Colton just told me. Colton just texted me. You didn't even know. That's eight years different. Eight.

[B]

Such a stuff.

[A]

Does she know that? Does she know?

[C]

No.

[B]

I got mixed up.

[A]

With what?

[B]

My uncle's age.

[A]

Your uncle? So not even the same gender. This is weird. And it's. So it's on the same property? What, the place you moved into?

[B]

No, no, no, no. It's.

[A]

It's 30 seconds away, though.

[B]

It's a street over. Not the same property.

[A]

What do you want to do in life, big guy? Because you're single, Mommy's taking care of everything, and you're living in a trailer that was grandma's. That was only you. You. I mean, the only reason you ever moved out is because grandma needed to move in.

[B]

Well, I did want to move out. It's not. That's not why. I mean, it is why I moved out, but that's not. It's not the decision. Or I guess it is, but it was always a talk to me wanting to move out.

[A]

Great. I'm glad we talked about it. But you did nothing and you still live in grandma's place, buddy. What do you want to do? Because again, this is such a weird situation.

[B]

I want to get my finances in my name and. Well, they are in my name, but I want to have.

[A]

That's a very basic thing. I'm just even talking about you having any kind of separation from family. Talking about any kind of love life. I'm talking about. Well, it's hard thing.

[B]

It's hard to get out of that trailer and move somewhere else because the rent is itself pretty cheap.

[A]

What is that about? That.

[B]

Well, financially it is if I'm only paying $500 for a place of financial show.

[A]

Obviously there are things that supersede that. You're okay. I'm going to be real for a second. Just brutal and pretend like I don't care about your emotions for a second. Your life is nothing.

[B]

I mean, I get my bills paid and I start.

[A]

And that's what I'm trying to say. We can separate. We need to separate. That finances are a very important aspect and I advocate for it hard. Outside of that, your life is nothing. At 32, you're pissing your life away.

[B]

I don't think so.

[A]

What? In what way?

[B]

I mean, romance is nothing.

[A]

Living with mommy and mommy, you were. Come on. The only reason you moved out is because Grandma.

[B]

Well, the only difference is, you know, I would be pushing into grandma's place. I feel like that's not that big of a deal. Huh? You know, the only difference of me giving her money and paying the bills, like, obviously I don't know the statements or anything, but I would just be pushing send payment.

[A]

You know this isn't normal, right?

[B]

Yeah, I feel like.

[A]

When did you learn this wasn't normal?

[B]

When people would ask me how much I'm paying for my electric bill or something and I really didn't have an idea because I don't pay them. I just pay all my bills in one flat payment and then they get paid.

[C]

I think it sounds bad before I hear people talk about it.

[B]

Because I can't even.

[A]

Oh, man.

[B]

Verify that.

[A]

What about your debt? Do you even know how much debt you have?

[B]

I know now because I sent you the statements.

[A]

Wow. Before that you had no idea?

[B]

Not really. I was thinking probably like 10,000. I figured it was okay because even.

[A]

10,000, probably minimum monthlies. So you thought it was 10? What is it?

[B]

I think it's like upwards of 50 now.

[A]

Dude, that's insane. That's a gap of the century. 10 to 50. You are $40,000 off. That's crazy.

[B]

Yeah. So when I watched the show, I realized it's not as simple as just having my mom pay everything. I just need to start learning everything and taking responsibility.

[C]

So you need to quit using your credit cards, big guy.

[A]

I want to know from your own perspective, why have you not tried?

[B]

I have tried. She.

[A]

Why have you not pushed harder? Because you've asked. She deflects and that's it.

[B]

She said she'll give. She says she'll give it to me next week or whatever. She.

[A]

Yeah, but that's been endlessly happening. Why not sit down and get it?

[B]

It Starts fights and it doesn't happen anyway.

[A]

Okay, what does that tell us? What are the fights like? Tell me.

[B]

I just argue with her because she won't get.

[A]

Tell me. Walk me through the fights.

[B]

I tell her I want the passwords and she'll say, oh, I don't know when to transfer everything over because I. I don't know. That's what she says.

[A]

And then no, walk me through this, buddy. I need to know the dynamic here.

[B]

And then I tell her, just give me the passwords and I'll figure it out. And she says it's not that simple. And I just tell her to and she won't.

[A]

Why is it not that simple? What's the argument?

[B]

She just doesn't. I don't know what the argument is. I don't know why it's not. It's so hard to just give me the passwords and do everything. She just won't do it.

[A]

But you said you guys fight about it.

[C]

Oh yeah.

[A]

What's. What's the fight? You just keep saying yes, give it. She says no, hard. And it's just that forth endlessly.

[B]

She's drunk usually when we have the fight. So.

[C]

Oh, bring drinking into this.

[B]

So I get. I. I work midnights, so when I get off work, I go to sleep. By the time I wake up, she's at the bar having fun or whatever.

[A]

Every day?

[B]

Yeah.

[A]

Seven days a week.

[B]

Probably five of the seven.

[C]

Well, not seven.

[A]

Does she know you say are saying this? There's a heavy chance she will come across this video.

[B]

I don't think she'll come across it. She doesn't.

[A]

And you don't give a. I mean, friends send things. Is she an alcoholic?

[B]

I would say so.

[A]

I'm getting shocked faces in the room. No one knew this. Okay.

[B]

Yeah.

[A]

Why don't you approach that conversation in a sober time?

[B]

Because I am sleeping. Wake up, she goes to the bar like four, I get home at eight. I gotta sleep a little bit.

[A]

So you have the argument at the bar?

[B]

No, when she gets home.

[A]

What time is that?

[B]

Like eight or nine. And she'll drink at home too, so.

[C]

Okay, we don't have to get into all this drinking. That has nothing to do with it.

[A]

You have access to the email. You can do password resets. Yeah, but why haven't you taken that step?

[B]

I don't want to mess up whatever. She needs to transfer.

[A]

What is. What do you mean transfer?

[B]

If they're your accounts, she says needs to transfer it into my address or something.

[A]

No, you probably just need to Go log on and change the billing address if that's what you care about.

[C]

Because he doesn't even know what credit cards he has.

[A]

You just have to do a password reset. You have access to the email that's attached to all those accounts, right? Confirm correct.

[B]

To what?

[A]

You have access to the email?

[B]

Yeah.

[A]

USA Bank. You do not have the login information to this.

[C]

No, no.

[A]

Do you have the app downloaded?

[B]

No.

[A]

Download the app. Yeah, download the app right now, big guy. This is crazy. And while you're downloading it, what was the title of your job again?

[B]

Rollformer.

[A]

Roleformer. Is this what you want to do? Because you're very locked in in this situation. No, keep. Keep going.

[B]

It's just downloading.

[A]

Okay. Is this what you want to do? Because I'm so confused. I feel like you're locked into this life where you're being controlled.

[B]

I mean, it pays the bills. It's the most I've got.

[A]

Is that what you want to do?

[B]

I would like something different. I don't know what it would be, but something that would pay more.

[A]

Just. It just comes down to money pretty much.

[C]

Okay.

[B]

I don't really mind what I do as long as it's giving me good money.

[A]

Colton's telling me you told him you wanted to be an astronaut.

[B]

I mean, I said I like space, you know, but I don't think there's really much job market into that.

[A]

Probably not a Youngstown.

[B]

Well, I don't think there's really. I've done a little research on, like, SpaceX.

[A]

I'm not gonna make that.

[B]

That's ridiculous. Look at my weight, for one. I'm not going to be able to make the train.

[A]

Well, you think you're going to space?

[B]

No, no. You said you're the one who brought up space.

[A]

You know, there's 90, like, 99 of the jobs and that do not go right up.

[B]

I don't think I'm that smart to be in there either. But what happened here? I had a cyst growing under my skull into my brain, and I got some surgery to take that out.

[A]

I would have watched the video. The popping video. I would have watched it. Okay.

[B]

You guys them to record it? Yeah. We're stuck. I could log in.

[A]

Good. Put in your name, do a password reset. Here we go. Password reset. Time.

[B]

See? Where's that? Out.

[A]

We're gaining independence for the first time in our lives. At 32.

[C]

Let me see how far he gets with this.

[B]

Well, I had to enter in my phone number, but that didn't Work. Surprising. Had to enter my mom's phone number. Okay, so now she's got a code.

[A]

It's not. What about an email address? There's no email address option.

[B]

It didn't ask for an email. I'll text her, see if she got the code.

[A]

Oh, what is she thinking when she gets this?

[C]

I didn't get a code.

[A]

What time is it? It's 11 here, so it'd be noon there. So she's probably.

[B]

Yeah, she's probably working.

[A]

Just in hungover mode. Oh, okay. Working.

[B]

Yeah, she's got her own little shop at the house.

[A]

Doing what?

[B]

She makes costumes and stuff. She's a seamstress. It's alterations.

[A]

Living.

[B]

Yeah, she makes like 40 grand a year, I would say.

[C]

Oh, I got it.

[B]

She said she didn't get a code, so that's not working. Unless she's just not giving me the code. All right. Reset password.

[A]

We got a password. Reset.

[B]

Yep.

[A]

So this is your first time logging in? We're conquering independence, Correct.

[B]

We are conquering.

[A]

Kind of next step space.

[B]

I don't know. I don't think that's going to happen. That'd be cool, though. Maybe in my lifetime. Get a little space adventure going. SpaceX, they're doing stuff.

[A]

We have indoor skydiving somewhere here in Austin.

[B]

Well, that's no fun. We got to see the earth from outer space. All right, let's see if I can log in. Welcome. Accept. Accept. Accept. Oh, got another code to my mom's phone.

[A]

She's not questioning.

[B]

No, she doesn't really question too much.

[A]

But she refuses to give you the password. But she doesn't question much?

[B]

Nope.

[A]

Says not stacking up.

[C]

Don't refuse to give him the passwords.

[A]

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[B]

She likes to just take control of everything. I'll go over her house for dinner or something and.

[A]

Yeah, you're a 30 second walk.

[B]

I can't even make my own plate. She just likes to do everything that.

[A]

Okay, well, that's motherly. I mean, that's a little different, right? I guess you come over, you're kind of in like the, what, northeast and just. Oh, my little bullet. Oh, no, that's okay.

[B]

Okay.

[A]

Giving you this planet. You eat. You eat, kid. You eat, you eat. Right? Like that. But imagine woman version, right?

[B]

But that's what they do.

[A]

That's not a red flag.

[B]

I don't know. It goes pretty deep. Well, she probably thinks too much. I mean, she makes me pretty big plates. I'm a big boy.

[A]

Are you in?

[B]

Yep.

[A]

You're in.

[B]

I'm in. That's right.

[A]

25 minutes into financial audit, and this is the first time you've been able to log into your own accounts.

[B]

Correct.

[A]

All right.

[B]

Making moves here.

[A]

Proud of you.

[B]

Thanks.

[A]

But I will say this. Unfortunately, I was a little cheeky. A little cheeky. Working with my cheeky boy, Colton, because he's a cheeky boy, too. So we did this once with a couple. And I'm sorry, because it's probably going to create a little bit of drama in your life, but. Yeah. Even though you applied behind her back and you think she doesn't know where she is, we ended up contacting her outside of this before you guys came. Came up with a secret little plan. And we actually put her in a room near us with a little TV set up. And she's been watching this live. And. Yeah, look at that face of terror and fear. And she's been hearing. And I'm gonna bring her in right now and we're gonna talk about how weird this all is. And she's heard everything you said. I apologize for that. Good luck, big guy. Oh, here she is. Whoa. She looks great for her age.

[C]

I can't believe you came here without telling me.

[B]

Well, you weren't supposed to know.

[A]

This is.

[C]

These guys told me.

[A]

This is wild. Welcome, welcome. Okay, you've heard a lot of Things there.

[C]

Yeah, Sorry.

[B]

Don't let it happen again.

[A]

Don't let that happen again. Okay. And the follow up, I'll make sure.

[B]

Okay.

[A]

What do you think of all that? That was some wild.

[C]

Yeah, yeah. It's just. I don't know how it's happened. It just kind of happened and you know, I don't know.

[A]

So, I mean, he accused pretty heavily of. He pushes for it.

[C]

He does push for it. My biggest problem is I don't know how to transition from me paying his bills with his money to just it going over and where do I stop paying and he starts paying and I know it's stupid, but I just.

[A]

What's the confusion on it?

[C]

I don't know. And he's not $50,000 in debt?

[A]

No, he's not. That was confusing that you still didn't.

[C]

Know it even after you look your 50,000 in 27. Oh, 27 with his student loan.

[A]

Yeah, it's everything.

[C]

Yeah. Okay.

[A]

Yeah.

[C]

And his car.

[A]

I don't. I don't have that in student loans. I have that car and credit cards if there's student loans. We didn't know that.

[C]

Yeah.

[A]

Well, great. So he. All right. But no, if the three. Or if what, what was it, six, 900. That he gives you on a monthly basis. If that is longer given to you and he is logged into the account and sets up autopay to his account so you wouldn't have to worry. I mean, it would be as simple as that, would it not?

[C]

I know, but this just isn't me. This gotta take some responsibility for it too. He likes it that I do it this way because it's easier for him. And I don't care what he says.

[A]

But that's true.

[B]

It is easier.

[C]

He's just always told me, you know, when we first started doing this, just tell me what I need to pay you. And you've hit me with those the last couple years. Yeah, he's been asking to. Oh, shouldn't that sign transition it over to him?

[A]

Why have we pushed back for the last two years though? Because let's say we didn't transfer anything. Why not the login? Why can't he have the login?

[C]

I've given him his logins.

[B]

No, you haven't.

[C]

Well, I haven't given him his logins to his credit cards.

[A]

Well, what logins has he had?

[C]

He doesn't even have his credit cards. He gets one credit. He gets one credit card because he's not good with credit cards.

[A]

You only allow him to have one of his credit cards?

[C]

Yes.

[A]

He has five.

[C]

Oh, he's got.

[A]

He has more than five.

[C]

But the other five have zero balances. That's why you probably don't have those, because I keep opening up more and putting. You do zero percent.

[A]

You're opening up cards? Yes. You're opening up cards in his name.

[C]

I transfer his balances, so I guess in my name. Not funny.

[A]

Without his knowledge.

[C]

Cards for gas and food and stupid stuff that you shouldn't be using a credit card.

[B]

Food? Yeah. Without my knowledge.

[C]

Yeah, I do. It sounds worse than it is.

[A]

No, I want to be very clear. He's not going to do this, and so it's probably fine, but he could literally sue you for that. He's not going to, because I don't think that's where we are. We don't have that dynamic.

[C]

No. We have a good relationship.

[A]

That is very technically against the law.

[C]

Yeah, I know. Are you. Are you broadcasting this?

[A]

No. There's not a cop sitting in another FBI or. No.

[C]

No.

[B]

IRS sitting by.

[C]

Yeah. Right. Yeah.

[A]

No, no, no, because again, that would be him.

[C]

And he doesn't do his taxes either. And I've tried to get him. I did try to get you to sit down with me once.

[B]

When?

[C]

Like a couple years ago. To help. To go through doing your taxes.

[B]

I don't remember that.

[C]

Yeah, I did. He don't want anything to do with any of that.

[B]

I mean, a little bit. That's why I've been asking you for the passwords. I need to get. It's embarrassing.

[C]

I don't want to do it anymore myself. I'm just over it. I've got enough of my own bills to take care of and my business bills and my household, and I don't need his.

[B]

So give me them.

[C]

I know. I need to.

[A]

Are you not afraid of him not being able to survive without you at all? Then why aren't you pushing him? Because, listen, if you're not, you say you give login, he says you don't.

[B]

Well.

[A]

And then you say you don't. For credit cards. Anyway, listen. And obviously, we hope you don't tragically pass away tomorrow. What is he gonna do?

[C]

I know.

[A]

So why aren't you pushing for that, then? You would.

[B]

You.

[A]

But if you think about that all the time, you would be the one pushing him, not him pushing you. Right.

[C]

Because he probably doesn't even realize that your bills are probably a little bit more than.

[A]

Well, he wouldn't.

[C]

If you don't.

[A]

Are you subsidizing?

[C]

No. What happened was, when My mom moved out or moved in with me and I moved him to my mom's mobile home. My mom felt bad for kind of forcing him to leave, so she kept paying the lot rent. So I don't think he's realized that he's never paid the lot rent there. Really?

[A]

Big guy. You were complaining to me about the rent and I.

[B]

No, I said it was good.

[C]

And by the way, I do pay more on his credit cards and minimum payments. I don't just do that.

[A]

How's it going up? This makes no sense because he uses them.

[C]

And then he went to UK. And then he went to the UK.

[B]

Yeah.

[A]

Yeah. What's the Zelling coming in of 1800? He had about 1800s of Zells into his account.

[B]

Do you know, for the US Bank.

[A]

I might have to keep you here because I like the whole conversation because you might have to be the one to answer the questions.

[C]

Zell come into his bank account.

[A]

He had Zell's in of 1800 total.

[B]

In my checking account.

[A]

I don't know, dude. I'm just saying total across the month 1800 came in.

[B]

I'll put $500 direct deposit into a savings account and discover.

[A]

Then you sell over. So it's not new income. This is just transfers.

[C]

I. I didn't even know about that. Well, by the way, I have no access to his. His personal bank account at all.

[A]

He drew that boundary.

[B]

Yeah.

[C]

Yes. I do not have access.

[A]

Did you try to get access?

[C]

No.

[B]

Yeah, I was going to say I don't. There was no real boundary made, but.

[C]

No, I've never had access to his bank account, nor do I want access to his bank account.

[A]

Well, he told Colton, you're worse off financially than he is.

[C]

Yeah, I am.

[A]

Ladies and gentlemen of Financial Audit, this is one of the most exciting moments in this channel's history. You know, I've been working on building all these educational tools, our budgeting app, all this crazy stuff over this past year, because that is where my passion is. We finally did it and now we put it all into one program called Dollar Wise Central. You get the premium version of my budgeting app, you'll get the cookbook mailed to you and signed by me. You get to learn about debt investing, budgeting, real estate, basic beginner stuff in 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? 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.comcl 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 dot com. Let's go. Then why would you be the one managing his finances?

[C]

Horrible with money. I am. I'll be the first to admit that I am horrible with money.

[A]

Then why is she the one doing it? Can someone explain this to me? Yeah, can someone explain this to me because this is blowing. This. Is this because he's bad?

[B]

I can't explain it.

[C]

He's bad with credit cards. He took a credit card to strip code when he was 21. Stole my car to go there.

[B]

I met a girl.

[A]

Yes.

[B]

I didn't know she was before I met her. So then I had to go hang out with her.

[C]

Yeah.

[B]

And I decided I'll try every one of the beers there and get a bottle of champagne in a private room.

[A]

You guys are wild. I don't even what the is going on right now.

[B]

Then I got an apartment with her and broke the lease.

[A]

No, you did not. With this.

[C]

Yes.

[A]

Did you know this?

[C]

That's what? That's the first time he moved out when he was 18.

[A]

With the.

[C]

Yeah. He paid his bills at that time though. I didn't have anything to do with your bills.

[A]

Then he found. Moved in with her.

[C]

Yeah. I was very upset.

[A]

Was she at least hot?

[C]

Oh no.

[A]

Guy.

[B]

She was okay.

[C]

She was okay. I didn't like her though. She did. She did pills and stuff.

[B]

She was that.

[C]

Yeah. I don't know.

[A]

Why were you latching yourself to her.

[C]

And she had a one year old.

[A]

What were you doing?

[B]

I don't know. Fell in love with her, I guess.

[A]

A drug addicted one year old.

[B]

Well, I didn't know she was drug addicted until halfway through the relationship.

[C]

Yeah.

[A]

Really? You were living with her and you did not realize she was addicted to drugs?

[B]

I mean it came up and then I. We went through rehab.

[A]

We went through.

[B]

She went through.

[A]

Look how you're saying we like you put her through rehab.

[B]

No, because I was with her. Oh like a year.

[C]

Thank God. I was so happy when the. And she. He finally left her and she threatened to commit if he didn't come back.

[B]

Well, that's typical girl behavior.

[C]

Well, not really. Actually. That's not typical.

[A]

Colton, what have you brought me? This is crazy.

[B]

I don't have that effect.

[A]

Can we see a picture? We're visual learners here on financial no.

[B]

She blocks me on everything, so I can't.

[A]

She blocked you?

[C]

Yeah.

[A]

Cool.

[B]

Yeah, I. She. After she went through rehab, she relapsed and.

[A]

What was she on?

[C]

I didn't even know that.

[A]

The big H. Yeah.

[C]

I didn't know she was on.

[B]

Caught her one day in the middle of the night trying to do it and I.

[A]

In bed with you.

[B]

I mean, she was in the bathroom, but I caught her.

[C]

I didn't know about that.

[B]

I laid out two lines of it and then said, let me finish, let me finish. And I said, the only way you're gonna do it is if I do it with you. Right? So. And she said, okay, let's do it. Oh, no. And then I left and packed my bags and left that night.

[C]

I was gonna say he doesn't do drugs.

[B]

Yeah, I don't even drink.

[C]

He doesn't drink.

[B]

I smoke. That's about it.

[C]

Yeah. That's legal.

[A]

So drinking.

[C]

Right.

[A]

That's not the. If this is what we're learning about in the main show, I'm concerned about what we're going to learn about in the post show.

[C]

Boy. Okay. Well, this has been fun.

[A]

How much of this did you know? This is blowing his mind. This is crazy.

[C]

I hope nobody ever sees me.

[A]

Yeah, good luck. Not a top ranking show online.

[B]

The best membership on YouTube.

[A]

That is true.

[C]

Yeah.

[A]

So it's okay. What the Is happening in Youngstown?

[C]

Yeah. So you changed your. Is that why you wanted those codes? You change your password?

[B]

Yeah, I need to get myself into these accounts.

[C]

Okay.

[A]

Okay. So.

[B]

Wow.

[A]

What to ask. I'm just. I'm a little confused still on. Honestly, we need to get into these finances because this has been going for a while, but this is. This is laying the foundation in a very. I kind of understand what is going on a little more now. Yeah, but you are terrified that he is not set up yet. Again, he's the one that pushes you for the finances and you. That dynamic's not meshing.

[C]

It's gotta be. You know why? Because to be fair, he is way better with money than I am.

[A]

Then why is he the one pushing you? Why aren't you pushing him?

[C]

I don't know. Because I can't even believe he has savings.

[B]

It's probably more of we'll do it tomorrow and tomorrow never comes.

[C]

That's. That's probably me.

[A]

Yeah, but he says he's pushed you after you get back from the bar. What do you think of that accusation?

[C]

I don't like the drinking thing. That's when we fight about it is when I'm drinking.

[B]

That's the only time I can really talk to you though, because I gotta sleep after work and then by the.

[C]

Time I wake up, talk to me when I'm drinking. You know what that's gonna lead to?

[B]

I mean.

[C]

Yeah, okay.

[A]

I don't know, because then it just.

[C]

Turns into a fight.

[A]

Well, that's the thing. Why does it have to be a fight to get a password?

[C]

I know, I know.

[A]

Like, I understand the endless sometimes push tomorrow. I'm a procrastinator. Sure, but if he's pushing you in the moment. Sure, but if he's pushing you in the moment to get the password, why not just give the password? Yeah, because that's not a procrastinate. That's a. It's walk over.

[B]

Doesn't even know the password. She has to look it up.

[C]

Yeah, I don't know it off well.

[A]

Is it ran down? Yeah, but it's at home. You said you're having the conversation at home, so that's not a concern.

[C]

But what I wanted to start with and when I gave him his passwords for was his, his lot, rent, his utilities, his car payment, his auto insurance, everything but credit cards. So I thought, well, let's start there and get those moved over and then see where we're at. I'm afraid to give him his credit cards because he's not real responsible.

[B]

You don't have to give me the credit cards themselves and I've actually want credit, but. Well, I don't really. I'll need credit for a house card.

[C]

He'll use it.

[A]

What does he want for his life?

[C]

He wants a house. He wants to buy a house.

[A]

What else?

[C]

No, I'd like to see him have more ambition. You know, I'd like to see him hold a job. You know, he's gone through multiple, multiple jobs and you know, it's all been like stupid stuff, but you know, he needs to build a foundation with the company.

[A]

What do you think about that?

[B]

I'm not very ambitious. I get off work and just play video games. Smoke?

[C]

Yeah.

[B]

But I also feel like, you know, I get, I get my paycheck, I pay my bills, I put a little bit in savings.

[A]

Well, she's paying some of your bills.

[B]

A lot.

[A]

Rent and. Of course not.

[C]

No, so.

[A]

And the ambition, you know, getting a house, that's all she knows.

[C]

Oh, he's.

[B]

Well, I feel like that's, that's a long term goal because I really don't.

[A]

Want to, you know, he wants to be an astronaut.

[C]

I don't think he wants to be an astronaut more than. He's just maybe like an astronomer. He's really interested in space.

[B]

More of an astronomer. I mean, it would be obviously cool to be an astronaut. Obviously.

[A]

But I don't think for astronomy.

[B]

That's what I was saying is like astronomers, they don't really make that much money.

[A]

No.

[B]

And I don't want to go into more depth.

[A]

Probably still make more than you do right now. But you make an okay living for Youngstown. You're probably not going to get an astronomy job in Youngstown. You're going to be working for a university.

[B]

Actually, Youngstown State University has a really good class. I applied, I got denied program.

[A]

Why'd you get denied?

[B]

Probably because I didn't provide enough financial records or something.

[C]

No, I didn't even know about that.

[B]

I don't know. I applied and they just sent me an email saying I've been declined.

[A]

If he doesn't have any independence, do you want him to find a lovely little lady? The wife?

[C]

Yes.

[A]

You want a grandbaby?

[C]

I want grandkids. Yes.

[A]

That is impossible in this situation. Who would date.

[C]

Listen, I know who would date.

[A]

This just the financial structure that we have discussed. Who would get involved in that?

[C]

Well, he's cut. I mean his credit score is great.

[A]

It's more than just that. Someone's getting in and they know that their future mother in law is the one controlling his finances.

[C]

Right.

[B]

Well, I'd probably be a big secret if I got into a relationship.

[A]

Yeah. But something you would have to tell.

[C]

Them at some point there would be a bomb. Yeah, yeah. Eventually. This got to change, obviously.

[A]

I mean, I mean endpoint addicted baby mamas, preferably.

[B]

Yeah.

[A]

When was your last long term?

[B]

Probably three or four years ago.

[A]

Okay.

[C]

Yeah.

[A]

What went wrong?

[B]

Apparently we spent too much time together. She broke up. She. We. I like lived with her. I've known her since as long as I've been in school, so. And then we started dating after school and then we hung out all the time, always spent the night. And then she ended up getting me like a dresser to put all my clothes in or whatever. And like a week later she broke up with me because we spent too much time together.

[A]

In one week?

[B]

No, no, no. Just a week after she got the dresser.

[A]

Okay, listen, if you want that ultimate goal of which I support, you got to give him independence. This is like the first thing that happens when we land in Youngstown. Okay.

[C]

Right.

[A]

It is full independence. Him. If he fails, let him fail. That is his to learn so we can grow from it. But unfortunately, his first failings that he's supposed to be doing from 18 to 24 are going to be done from 32 to 38.

[C]

Right. I know that, and I know I need to let him do it on his own so he knows.

[A]

Is there a part of just losing your boy here?

[C]

Maybe.

[A]

I mean, I know you lost your husband tragically, and that's very sad and I'm very sorry about that. When he was 18 and he's your only kid.

[C]

Yeah, and he was 16 and his father really wasn't in his life before that anyway.

[A]

Okay, so he's your only boy. I understand you wanting to baby and latch on, but the best thing for his future is him being independent and being able to make these mistakes and learn and grow.

[C]

Right? Yeah, I know.

[A]

I'm going to go. Three, two, one. Go on. Go. I want you guys to give me a score at the exact same time. This score is his finances. So what you think his finances are and what you think your finances are. Okay, I'll explain. The score is 0 to 10. 0 being the worst finances you can imagine. 10 being the absolute best finances you can imagine. Okay.

[C]

Okay.

[A]

So again, it'll be a countdown from three, and I'll point and I want you guys to say what his financial score is.

[B]

0 out of 10.

[A]

0 out of 10, same time. 3, 2, 1, 5. Okay. She thinks it's a little better. She thinks it's middle of the road. You think it's middle of the road? Yeah, Middle of the road. All right. If you want to see where you stand in the world of finances, take the Hammer financial score quiz assessment@caleb hammer.com it is free. See where you need to improve, see where you're doing well. And if you don't want to be like a guest who ends up on the show, download my favorite budgeting app, dollar wise. Sign up for the free trial, and if you like it, sign up for the annual version to save a lot of money. If you do, I'll mail you our budget friendly cookbook that I will personally sign and send directly to your door. Go to Dollarwise.com to learn more. Let's jump into these numbers. Honestly, at this point, I was. I thought I was going to ask for you to leave, but the fact is he's never seen some of these accounts. I might need you to answer the questions on these accounts. I think I'm going to keep you here.

[C]

Right?

[A]

Okay.

[C]

I'm not even sure I could answer them, especially about the credit cards.

[A]

Oh, boy. Okay, U.S. bank. You know, there's a crazy statistic or something that like 60% of Gen Zers admit bringing their mom to a job interview at some point. Kind of what we're seeing here. But you're a millennial.

[C]

I don't think I've ever done that.

[A]

No, you're kind of doing it right now.

[C]

Yeah, right.

[A]

Okay, U.S. bank. So just tell me from your perspective, what is going on with this card?

[B]

I couldn't really say much. I. It's. It's either that trip to the UK or just purchases that you wouldn't even know.

[A]

No card you used to? No. What's going on with this card?

[C]

I don't know, honest. I'd have to look at them each individually and I don't know.

[A]

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[C]

What is the balance on that?

[A]

It is $4390.50 with a minimum monthly payment of $74. How long do you guys think this takes to pay off? If you do minimum payments only with no purchases.

[C]

10 years, 13 years?

[B]

What do you think I would say about that?

[A]

Nine. Nine. Almost a full decade from now. That's if you don't purchase. That's if you don't do any More bull.

[C]

We know he does the bullshit percent interest ones.

[A]

I did zero interest charge, but let's see.

[C]

No.

[A]

What happened?

[C]

It's got an interest rate on that one.

[A]

No. No, it doesn't. What happened?

[B]

I don't know.

[A]

Do we not know what happened at all? No one knows what happened. So you give mom the money to pay this, right? It's late. There was a late fee added of $30.

[C]

What?

[B]

So this is why I tell her to put on auto pay.

[C]

I can't do auto pay. Huh.

[A]

Huh.

[B]

Imagine that.

[C]

I don't know how that happens.

[B]

I know.

[C]

I looked at my late on credit card usually.

[A]

Yeah.

[C]

Yeah.

[B]

And then. So I look at my car payment history. There's almost 10.

[C]

There is no way. There is no way.

[B]

Yeah.

[C]

There is no way.

[A]

You have Credit Karma?

[B]

No.

[A]

By chance.

[B]

Well, yeah, sure. I don't have it on my phone. Well, what do you mean?

[A]

Does.

[B]

Do you have. Shouldn't everybody have Credit Karma? It's just checking your credit score, whether.

[A]

Or not you set up an account. I don't know. Oh, you're not born with a Credit Karma account.

[C]

I set up true account.

[B]

That's true.

[A]

Is that where you get his new cards from?

[C]

No, not. Not always. Usually just something in the mail that looks like I look for one. That's 0% for like 21 months or something. And I'll transfer.

[A]

When's the last time you think she opened up a credit card for you?

[B]

I would say the UK trip in March this year.

[A]

Of this year you went to uk? This. When's the last time you opened up a credit card?

[C]

I would say six months to a year ago. Not sure exactly.

[A]

We don't know.

[C]

No.

[A]

Dude Colton says is mostly a video game card. Video purchases on this one specifically. I'm sure it was video games before, but Again, it is $4,390. It is interest free right now. Let me see. Until when? Mostly until April.

[C]

April.

[A]

Which is not that long. So minimum monthly payments. What are we in? We're in September. I'm going to call six months until interest starts accruing. And now it's not like you're getting deferred interest. So I don't need you to freak out to pay this off early before anything else.

[C]

Right. There's no deferred interest.

[A]

But even still, if you want to pay it off before interest does ACCRUE, that's still $731.75 a month.

[C]

Yeah.

[A]

How are we doing that?

[C]

I'm opening up another credit card with zero percent interest.

[B]

Oh, it seems like a good loophole.

[A]

Is that the strategy? Yeah, until they don't let you. Right, until you run out.

[C]

Yeah. You can only, you know, there's. There's quite a few open.

[A]

Oh, we do have a PDF of your credit Karma. Do I Or I just sent it to you? Yeah, slack it to me a hundred percent because I want to see this car thing. Because it would know. It would know down there.

[C]

Let's see, there's no missed payments on anything on his credit card.

[A]

This was late. You didn't know.

[C]

It's not on there.

[A]

So how are you knowing this then?

[C]

I don't know because I don't believe.

[B]

That I'm logging into my Huntington to show you. Okay, show me because that's where my loan is from. Through Huntington, through my bank account.

[A]

So you have access to your car loan.

[B]

Correct.

[A]

It's not the credit cards. Okay, I don't have access to his car loan then. Well, hold on. If she doesn't have access to it, why is the late on her?

[C]

Because I pay it. I do pay it.

[A]

How do you pay it if you don't have access to it?

[C]

I just pay it through my Huntington. I have his account number and paid through my online bills. That's how I pay all his bills.

[B]

Oh, okay, See, look. Late charge, late charge, late charge.

[A]

3.

[B]

Late charge, late charge, late charge, late charge, late charge.

[A]

How much per 35.

[B]

Pretty much a whole car payment.

[A]

Are you gonna give him 280 right now? Because that's what he lost by you being late.

[C]

Oh, no, he didn't lose it because I probably paid it if I did.

[A]

No, it's just added to the overall balance.

[C]

Right? It is.

[A]

Which gives you the money to pay. Right?

[C]

Shocked that, that. I just don't believe I ever paid it that late. I remember one or two times.

[B]

It's almost every month there.

[A]

It's there. Like, I don't know what to say. It's there.

[C]

I don't know.

[A]

It's there. And there's something in my coffee.

[B]

So. Yeah, that was eye opening. When I sent the statements over for.

[A]

That, that's when you learned about that?

[B]

Yep.

[A]

Oh, did you know about the lay feet on here? No, you didn't. Because I asked you what happened. No one knew.

[C]

With money?

[B]

No.

[A]

Why you let him have his money.

[C]

I know.

[A]

You know what you should do if she doesn't let you just let him, by the way. But if she doesn't, just don't give her the money.

[C]

All right?

[A]

No, give them. I mean. Oh, no, because then. Because then maybe she won't pay and then you.

[C]

No, I wouldn't do that. I would never. With his bills, Right.

[A]

One statement I've had one state.

[C]

I don't know what happened there.

[B]

So let me ask you something. If I give you money, what do you do with that money?

[C]

Pay your bills.

[B]

You don't just use the money for something else and then pay it back? Some for when your job or something.

[C]

Your money goes into my account. You direct deposit in my account and I just pay your bills when they're due. I used to keep track of it, but I don't anymore. It just became too much.

[B]

Because I have this sneaking suspicion that I give you the money and then you feel like you're able to go to the bar and then oh no.

[C]

I have enough of my own money.

[B]

You're self admitted bad with money. So yeah, maybe you'll use it as a way to subsidize something and then you'll pay it back once you get your money from your job.

[C]

No.

[B]

Or something.

[C]

No, it's not like that.

[B]

That would make sense. Why all the late fees would be there.

[C]

No, that's just being. That's just being lazy and stupid or I forgot that the bill was due.

[B]

Or whatever and then that's where auto pay comes in.

[C]

Yeah, but I can't do autopay.

[B]

Why?

[C]

I never know when I'm gonna have money in my account. Whatever.

[A]

Does he ever borrow money from you?

[C]

Yeah, occasionally. But he pays me back. But you know what? You did ask me not to give, not to make you pay $600 a couple weeks ago and you never paid that back to me.

[A]

For what?

[C]

You said you're going to pay me $700 for the next six months or.

[B]

Six paychecks or whatever.

[A]

For what?

[B]

Drew, My work's been kind of slow lately, so they were letting us go home.

[A]

No, you said you're getting at 40.

[B]

Huh?

[A]

You said you're getting 40 hours.

[B]

Yeah, usually. But the last couple your pay was.

[A]

Higher in the statement I have than you even say you get.

[B]

But what we're talking about, my job was slow, so we had reduced hours. They let me go home and I didn't have enough and I didn't want to take out of my savings, so I asked her if I could not pay that. Not pay it.

[A]

And then this is why we spend almost $550 on going out to eat on a monthly basis and $650 on miscellaneous bullshit on a monthly basis. I borderline round up probably with everything Else combined because we had other large purchases. 3,500. I don't know what that is yet. We're about to find out. You at minimum. Minimum, Minimum, minimum, minimum. Spend $1,000 on that does not matter. And you had to borrow $600. Why not come back on $1,000 of bull that you would have? That's what I would personally do. I don't have the money to cut back. Where's your independence? You still swiping? She's not swiping for you. Might be opening them for you, but you're swiping.

[B]

I just get feeling like I need something.

[A]

So you need to borrow 600 in order to keep that going.

[B]

I didn't need to.

[C]

He didn't need to. And he actually told me, if you don't want to do that, it's okay, I can still give it to you. No, I just. I said okay. Oh.

[B]

Like I had the money. I just didn't want to pull it out of my savings, you know?

[C]

And I pay for everything when we go anywhere. I pay for all our food and everything.

[A]

You don't have to tell me because this isn't your financial audit.

[C]

But I know.

[A]

Are you set for retirement?

[C]

No.

[A]

You should not be borrowing money from her, big guy.

[B]

Yeah.

[A]

It's as easy as that.

[B]

Yeah, that one's on me. I was just.

[A]

No, that's what I'm saying.

[B]

I don't know.

[C]

See him get set for retirement.

[A]

Yeah, I would too.

[C]

We.

[A]

He has $467 in his 401k. At 32, he is not even remotely close.

[C]

No.

[A]

To be in separate retirement. And in fact, I mean, the income that I came in was 5610. Great. He had more hours that month. Sounds like. Right. Or maybe it was a triple paycheck month. You know, sometimes those happen if you're bi weekly instead of bi monthly or semi monthly. But how much was spent? What do we think? Both. Both of us. What? What do we think across all of his accounts, what do you think was spent? This does include interest occurring, by the way, because that is money that is going out. But what do we think was spent? What was the outflow of money? The inflow? 5610. What was the outflow?

[B]

Probably 65.

[A]

Okay, so $1,000 more than he makes. That's horrendous. That's unacceptable.

[C]

Yeah.

[A]

What would you think it is less.

[C]

Than what he makes?

[A]

It was $7,574.06. $2,000 more than he made.

[C]

Wow.

[A]

Retirement. That's not even a question at this point.

[C]

Right.

[A]

Dying on the factory floor and 90 just to pay your bills.

[B]

Yeah, I don't want that.

[C]

You're still young enough.

[B]

Ah, we're getting there.

[A]

Compound growth. He lost the best decade of his life for compound growth in the overall market. That. It takes a while to get that. To get that compound growth going. He has delayed this by a decade minimum now.

[B]

Decades worse now than 30, 32.

[A]

Because you'd be starting this at 22 outside of college.

[B]

Right. But that you get much better compound growth at 20 to 30 than 30 to 40.

[A]

That's just more time in the market. The longer you have, the better. And it's gone. So young enough. No, not really. Yeah, I mean, the best time to start is always now. But he's lost the best decade already. That's gone. There's nothing he can do about it. So what's happening with the City Simplicity card from your perspective?

[B]

Um, just random gas, food, whatever.

[C]

I think the credit card he has on him right now.

[A]

Really? You're okay with that? You're almost maxed out. Why do you even have a credit card on you? Why, why, why aren't you doing debt? Why are you using a credit card?

[C]

And he doesn't really need to.

[B]

I don't think I'd rather put the money into savings, I guess.

[A]

Is your savings rate higher than 30% of which is likely the interest rate on this card?

[B]

Well, it should be 0%.

[A]

$7 of interest. I don't think that money's accruing. Listen, you have a balance transfer offer, by the way. It's not 0%, it's 1%. That's until 10, no, about nine months from now. So that's a big thing to pay off, by the way. We also have at 30%, 21.99, almost 300 bucks as well. That's accruing. So it's not fully interest free because there was a previous balance that wasn't paid off in time or, you know, that's purchases. The balance transfer was.01%. But anything you spend on here is still going to accrue interest at its normal rate.

[B]

I didn't know it worked like that.

[C]

Yeah.

[A]

And you owe $4,026.05 on here with a $46.88 minimum payment. These payments are about to start stacking up, my dude.

[C]

Yeah.

[A]

20 years to pay this one off. 19 to be exact. But 20 years. Two decades. Two decades. Minimum payments only. And you know that's what we're doing. Yeah, that's if you don't purchase. This is your everyday card. And on here, I guess the balance transfer and whatnot is the UK trip. Why the is he going to UK if he's not independent? And that might be the first time you ever felt independent.

[B]

Well, what happened with that stripper thing? I used a credit card, an airlines credit card and I ended up getting a bunch of airline miles and they were going to expire with the stripper thing. With the. Because I maxed out a card for.

[A]

Her at the strip club.

[B]

The strip club thing? Yeah.

[A]

Did you at least get like. Mother, I don't. Close your ears.

[C]

Yeah.

[A]

Did you at least get laid that night?

[B]

Yeah, of course.

[A]

Good, good, good.

[C]

I actually do. We also got a hotel after UK trip. The air fares were both paid with our mileage point.

[A]

Were you there?

[C]

Yeah.

[A]

You were there.

[B]

I can't.

[A]

I thought this was his independence.

[C]

I know. I went with them.

[A]

What the. I thought this was the moment he was able to like leave the nest for a moment.

[C]

Yeah.

[A]

And get a little taste of the outside world.

[B]

Well, I couldn't just go to Youth K and not bring her.

[A]

She's gotta have some good. In fact, I would suggest. I mean, I. I'd go on a family vacation as well. Sure. But I thought this was like the moment of like a little exiting the nest. A little taste test of the world. Guys there.

[B]

A couple days.

[A]

What's it? Couple days? You flew eight, nine hours for a couple days? How many days?

[C]

Three.

[A]

You don't go to Europe for three days.

[B]

I'm sorry, it was stupid, but we went there because it was like a video game convention.

[C]

Yeah, yeah.

[B]

But I've been playing that video game since I was a video game. Runescape.

[A]

Wave the grandchildren goodbye. Yeah.

[B]

Any single ladies out there?

[A]

How much did this? $2,000. For the three day thing?

[C]

Yeah, yeah.

[B]

Yep. And most of that was probably.

[A]

Oh, you went there to meet your online friends.

[B]

Yeah, that I've known for.

[A]

Why would you even go to that? Why would you want to go to that? That doesn't. Because I thought you guys were going to, you know, explore some history, get some.

[B]

We did go to Stonehenge, kind of.

[A]

Get some brown food with peas and things like that.

[C]

I don't know why I went. I wasn't originally gonna go, but I was worried about him and so I went. We didn't. What did you think was gonna happen? Yeah, it was horrible trip though. For me anyway.

[A]

Well, yeah, he went to a Runescape convention and hung out with his online friends. His Discord mods. Like, I don't. What were you expecting to get out of it?

[C]

Oh, God. I don't know what I was expecting. I thought we were going to go see some sites and we really didn't do much. He just.

[B]

There was no time.

[C]

There wasn't no time.

[A]

You could have had a good time over there. It's a little exotic. They still have their foreskin.

[C]

Oh, God.

[B]

Right before. My job is when we. The convention was. So I didn't really have time to stay there that long. That's why we didn't stay for. We only stayed for a couple days, and I was starting my job as soon as I got back.

[A]

Did you do anything there?

[C]

No.

[A]

You were in the hotel.

[C]

We went to Stonehedge.

[A]

That's it. We went to UK and we went to Stonehenge.

[C]

It was horrible driving. I. I was afraid to drive, and.

[B]

She wouldn't let me drive.

[C]

Guys, you're driving on the wrong side of the road with the stick shift. It's hard.

[A]

Why don't you take transportation there or something like a tourist bus to it?

[C]

I don't know why we didn't do that, but we decided to rent a car or I decided.

[B]

And it was so unplanned, that Stonehenge thing. You apparently have to, like, make an appointment to go there. You can't just, like, roll up to it. Okay, so that hurt.

[A]

So you're in the hotel while he was at the convention, though.

[C]

Yep.

[A]

Buddy, what the are we doing? You guys are so interesting. Tlc. Contact them immediately. Tlc. I get a commission. Contact them immediately. They need a show. The lives you guys live. This is crazy.

[C]

Oh, yeah.

[A]

Okay. Okay. Yeah. We've had a lot of interest this year so far. How many times have you balanced a transfer on this card? Is it just that one time on that card? Yeah. We're on the City Simplicity card.

[C]

Yeah.

[A]

Was it just one?

[C]

I don't know if I've done multiple credit cards and transfers the same time this year.

[A]

20, 25.

[C]

I think I've done any this year. Balance transfers.

[B]

She's not sure.

[C]

Yeah.

[A]

If you didn't do any this year, you've had approximately a late fee almost every month.

[C]

Well, no, I haven't had a late fee. What do you mean? Not sure what you're asking now.

[A]

Well, we have almost $200 of fees occurring this year that have happened this year so far on this card. Some of them could be balance transfer, some could be late fees. But if we haven't had a balance transfer this Year so far. They would only be late fees then.

[C]

No, they would be balance transfer fees.

[A]

Reminder, the card we saw just before this had a late fee this last month.

[C]

Really? I don't do that.

[A]

How many of your car?

[B]

Eight.

[A]

Eight. Okay.

[C]

Yeah, I just, I don't understand.

[B]

I think that's just this year too.

[C]

There's no way I've been late every month this year. There's. It's just. I don't know. I'm gonna have to look into that.

[A]

I mean, that, that, I mean, I can do the exact math. The late fees are usually like what, 35 bucks?

[B]

Yeah, that's what it was on the car. At least.

[A]

It would be five months of this year. So not every month, but five of the eight that have been billable in this point.

[C]

I have to look, cuz I don't believe that.

[B]

You.

[A]

You don't believe. Okay, it's impossible because the balance here, listen, if you transfer this balance in here this year so far, if that was the fee, that means it would be similar to the number that's already in there right now. Like it wouldn't be paid down that much.

[C]

Yeah.

[A]

And this card is a 3 fee of the balance that is transferred, which would have been about 115 bucks. We've had $192 of fees here. We've had at least, at least minimum three months late this year so far. There's no other way. I. I do not see an other way. Two to three.

[C]

Look at it.

[A]

There's.

[B]

He's telling. He's looking at it right now.

[C]

Well, no, I'd have to look.

[A]

Just the math. The math doesn't make sense. Beyond that.

[C]

I, I'm pretty good with credit cards. I just.

[A]

Was it in the intro window? Because if it's under the intro window, it could be 5%. That would make up closer. Maybe one fee of lateness, but. Okay. All right. Amazon Chase card. What's going on?

[B]

That's the card I have now.

[A]

Oh, this is the card you have now? There was purchases.

[B]

Yes. That's just spending randomly on bull. I probably put like a hundred dollars on a video game on there.

[A]

Did you pre order Battlefield?

[B]

No, that up my computer. I had to get a whole new computer for that.

[A]

Don't go into his room. His computer's getting that up.

[B]

No, they had. You had to like secure boot or something. What'd you spend 100 hours on, league of Legends?

[A]

I'm the closest you'll ever have to a grandchild. I'm sorry. No, that's not true. People are gamers these days. Gamers Goon. In fact, honestly, some of the only Gen Z's that are are like gamer men, gamer women that are meeting on discord and like pound and flesh. Because other than that, no one's meeting anywhere.

[C]

No.

[A]

Well, actually you're millennial, so never mind. I mean, you, you might be fine.

[B]

I could go to the bar.

[C]

Your mom's the bar though. Shut up.

[A]

Well, I mean like she's trying to, you know, make.

[B]

She could be my wing woman.

[C]

Oh yeah.

[A]

Okay, well, yes, Colton saying he plays league. But you're also engaged, Colton. Yeah. You're also engaged. You won. Gamer nerds. Gay mer nerds do very well. 12 years to pay this one off again. Yeah, lots of interest screwing on this one at 26.49 interest rate. We've had a late fee this year so far. One on this card. Just one.

[C]

Just can't believe I've had.

[A]

Well, this one I know for a fact, like this one, there's no. There was no balance transfer. There's nothing else. This was a leafy. There's no other fee that would have been. Unless you were. We were over the limit and we had an over the limit fee, but I don't think that's done on this card.

[C]

I don't think so.

[A]

So. And he did an Uber trip, I guess it looks like maybe it was from drinking. Yeah, be safe. I'm okay with that.

[B]

I don't really drink. So.

[C]

He doesn't drink at all.

[A]

Did you take an Uber on his card?

[C]

Why would I. No, I don't remember.

[B]

When was it? Does it say the number one YouTube membership just got upgraded. Three exclusive shows every Monday through Friday. Financial audit post shows. Exclusive and uncensored financial audit episodes. Our call in show Hammer it out.

[A]

Well then take the train.

[B]

And brand new shows. Fat and fatter there is.

[A]

I would go off brand behind the audit. This was wild shop smart.

[B]

And now upgrading from one live stream a week to two. No other channel offers what Hammer Elite provides. Join with the link in the pinned comment or description below. Join Hammer Elite, the best membership on YouTube today.

[A]

Oh, probably in Europe. In UK you probably took an Uber.

[B]

Ah, that's what I was. Yeah, that's what I was asking.

[C]

Uber once. Yeah.

[A]

Yeah, okay, well, that was that. But yep, we've had a late fee. Do you ever use this on Amazon?

[B]

No.

[A]

So I'm not going to look at your Amazon then.

[B]

But no, it's mostly her purchases anyway.

[A]

But does she purchase on Amazon using this card?

[C]

No, I have my own promise. I have my own Amazon account. He will use my Amazon account.

[A]

Okay.

[C]

Because I don't want to pay prime on two accounts, so.

[A]

Which is fair. But that card's not attached.

[C]

No.

[A]

Okay.

[C]

It could be, but I, I, I'm not sure if it is. There's actually a lot of credit cards, but I don't use his credit card. I use mine when I pay. He uses his when he pays for his. Oh. So.

[B]

I probably use it if I buy something on there just because it gets points.

[A]

But what's going on with the Capital One Quicksilver card?

[C]

Who knows? I'm just over there. I need a drink.

[A]

Oh, okay.

[B]

What, noon? About that time.

[A]

That's 1pm Eastern.

[B]

Oh, yeah.

[A]

Okay. Well, I'll tell you at least. Got a balance of $2,188 and 17 cents with a 65 minimum monthly payment. 70 of purchases on here. Listen, that's as much as we put towards this. So we're not making any progress. Well, 43.74 cents of interest accrued. 18 years to pay this one off if we don't purchase. But we purchase.

[B]

Yeah, I want to get rid of all my credit cards.

[C]

Just need to quit being used, period.

[B]

So they got to get paid off and then close them.

[A]

I guess you can close them before paying them many times. Take away the tool that is harming you. Credit cards are okay. Not if you can't use them. I'll let you use the Fizz card. It's one we advise, you know, a lot of our guests use. It's a debit card that builds credit. So it works. It only lets you spend what's in your checking account. Also, if you ever want to get a different job, I'll get you a course career certification as well. It's boosted a lot of people's, you know, incomes that have used it from this show. There are a lot of people in the audience as well. So we'll get you those for free. But you can close them. Take away the tool. Listen, it's okay to have a hammer, but if you are a person for whatever reason that every time you swing it, it comes back and hits you in the eye. Don't pick up a hammer.

[C]

Right.

[A]

And that's what a credit card is for you.

[B]

Yeah, but it makes it easier.

[A]

Does it? Easier for what?

[B]

To save.

[C]

Save?

[A]

You're not. Not with this 30 interest rate, my guy. Listen, it's Wingstop, Amazon and Oculus. We're Oculus scene. And we did have Amazon at 41 bucks.

[B]

To be fair, though, the Oculus. I do a thing with the Oculus. I'll buy it, and then within 30 days, I'll return it. So I'm just playing it for free, really?

[C]

Yeah. Okay.

[A]

Well, it just accrued on it, so it wasn't free.

[B]

Small price to pay, dude.

[C]

No, I don't either.

[A]

Hey, no life fees on the fourth card. One, two, and three.

[B]

Yes, but making progress.

[A]

Nope. Well, the late fees got lower.05% interest rate.

[C]

Yeah, dude.

[A]

Guys, this is crazy.

[C]

Yeah.

[A]

$239 of interest this year so far. What are thousands of dollars of interest across everything, Huntington. This must be the car. What is your vehicle?

[B]

2017 GMC Terrain.

[A]

Great. Well, you owe 14,400.

[C]

That was 18.

[B]

That's what I owe left, right?

[A]

The original was 18.

[C]

No, no, no. When we bought it, it was 24,000. You bought it for.

[A]

Oh, boy. $14,463.98 is owed. And the minimum payment is 330. And that is chunky. Stacked that with your other minimums. That 3600 isn't looking so yummy. That is 10% of your income already just gone to a minimum monthly payment.

[C]

That ain't right. 332.

[A]

330 is. What's it do, right? Oh, 400. It's 400.

[C]

Yeah, it's 400.

[A]

Looks like a hunting 70 was paid at one point, and that's why little less was due. 400 is crazy for your income situation, dude. That's crazy.

[C]

Hard to find a car.

[A]

You can get about a $10,000 car. We've seen it in the show. What do you guys think the car's worth right now if you sold it? Private parties.

[B]

So on the high end, like 8 or 9,000?

[A]

8. Yeah. 8,000. You're underwater dramatically on this thing.

[B]

Yeah.

[A]

6,000 bucks. 6,500. And then we had eight late payments. Since when?

[B]

I think it was just this year.

[C]

I find that hard to believe.

[A]

Every month. That's every month.

[C]

There's just no way.

[A]

Show her screen. Record it. Can you start a screen recording, please? Show her.

[C]

Unless I have the wrong due date or something. I don't know.

[A]

I have the fourth. It says the fourth.

[C]

The fourth. Yeah.

[A]

Why not just auto pay? Auto pay would take care of this whole thing. You know how many hundreds of dollars in fees and we've had this year so far? His own finances. Because he won't put on auto pay since 2023. Okay, so since we've had the car loan.

[B]

Yeah.

[A]

So last Couple years. That's crazy. Eight is crazy.

[C]

Yeah. I just can't believe that. But I guess I did.

[B]

Well, it's a lot more believable over the past couple years than just this year alone.

[C]

Yeah.

[A]

What's the interest rate on this car?

[B]

6.

[A]

It would be there, right?

[C]

Yeah. What? It was.

[A]

If it's six. I mean, it's not the absolute worst.

[B]

I know it's not crazy bad.

[A]

And looping back to something you said earlier, because I forgot about this until you say he's not. He doesn't pay his taxes.

[C]

He doesn't do his taxes.

[A]

You do his taxes.

[C]

Oh, he. He pays his taxes.

[A]

It's W2. This takes two seconds.

[C]

Yeah. He actually usually gets money back every year.

[A]

That's also not good either. You're giving too much.

[C]

Yeah.

[A]

You're withholding too much.

[B]

Well, is that really such a bad thing?

[A]

Yes, because you're giving them a loan at 0%.

[C]

Right. That's true, too.

[A]

It could be paying off a 30% credit card or putting in a high yield at like 4%.

[C]

I never thought about it that way.

[B]

Yeah. But I always just figured it's better to just give them extra and get nice, nice little sum at the end of the year.

[A]

No, you would have that sum to begin with.

[B]

Well, I wouldn't spend it. At least.

[A]

That is America's forced savings. Somehow. That is true.

[C]

Right?

[A]

Oh, wow. Oh, she changed your insurance plan behind your back.

[C]

No, no, I don't even.

[A]

What happened?

[B]

I hit a deer and my deductible was like $500. And she told me that she can get me a cheaper deductible, and I said, okay, let's do it. And then she changed my plan from 500 to 100.

[C]

250.

[B]

250, whatever. And so. So they investigated me for fraud and everything went fine. So.

[C]

No, they. They. It was fine. Yeah, they paid the claim and. But. But they raised his rate horrendously, so I had to change his plan.

[B]

Yeah. So we changed to a different insurance company after that.

[A]

Go. Okay.

[C]

Yeah, that's. That's a mess there.

[A]

So 6% rate on the car is that we're seeing?

[C]

I'm thinking.

[B]

I couldn't find.

[C]

It was. I don't think it was somewhere higher than that.

[B]

It's not over.

[C]

I remember it being fairly decent rate when we bought the car.

[A]

Yeah. 20.

[B]

23.

[A]

I mean, rates were on the rise. Yeah.

[B]

Okay.

[C]

Yeah.

[A]

All right. Student loans. This was for your trade school, right?

[B]

Yeah. And Pittsburgh Institute of Aeronautics. I would.

[C]

No, this is just the trade, I think that one was paid off. I'm not really sure.

[A]

Safe plan. But Safe plan's done. Forbearance. This is probably done next. What? Oh, Opie. Oopsies. This is done at the time of filming this episode.

[C]

Oh, is it now?

[B]

Interesting.

[A]

That is interesting. None of you knew this. You were gonna.

[C]

I knew it was getting close. Yeah.

[B]

I had no idea.

[A]

It's passed. It's not close. You know what happens when this goes into default, right?

[C]

Yeah.

[A]

What?

[C]

It goes into default, he sends to two collection agents.

[A]

No, this is the federal government. They contact your employer and they garnish your wages. Yeah, we're seeing it across the board right now. People are getting their wages garnished. That'll be you. While also having this 100 credit. As in.

[B]

Yeah, that's not good. I didn't even. I really don't even know what parents means.

[A]

Forbearance is. You don't have to worry about it. The government's like, just pushing it.

[B]

I didn't know that. I thought you could just keep on doing that.

[A]

Well, you know, there was Request the forbearance. Whether or not they accept it, I don't know. You know, new administration, new rules.

[C]

But, but you can't just keep doing it because eventually you gotta.

[A]

Well, you don't have a bad income. So I don't know what excuse they would accept. And they might. They are relatively lenient, but it still accrues interest, you know, in that type of situation, especially unsubsidized loans. Now, your first payment is likely due this month. It may have already missed. It may have not. You wouldn't be in default for that. That's what, like. It's like three to four months where you get into default.

[C]

Right.

[A]

But you got to pay it.

[B]

Well, I was hoping there was some kind of student loan forgiveness coming around the corner.

[A]

Okay. That was literally four years ago. And the Supreme Court said no three years ago. So I, I. You're really holding on to that one.

[B]

That's just on the back of my mind.

[A]

On the back of your mind, as the Trump administration suggested, they wanted to forgive student loans.

[C]

No, I don't know.

[B]

I'm not really into politics.

[A]

That's not being into politics. That's just being informed.

[B]

Very on your own thing, all that kind of stuff.

[A]

Okay. $13,000.29. No, $13,029.31 out on the student loans. Because it's been in. You just haven't done anything forever.

[C]

Right. Since COVID Really?

[A]

Yeah. It's accrued yeah. $300 of interest.

[C]

Yeah.

[A]

It looks like they'll start garnishing in April of next year. But your regular minimum payment amount is.

[B]

Going to be garnish. Even though if I like, say I start paying on it, they're still going to garnish. No.

[A]

Okay, so when it goes to default, 133 and 73 cents is your minimum.

[C]

Yeah.

[A]

That gets stacked on top of the 400 on top of the 65 and the 88 on top of the.

[B]

What was it?

[A]

4,688 on top of the 74. It stacks. We're stacking. I don't know what the interest rate is going to be. It's likely it's 3.4, so it's not horrible. I would do minimum payment until it's paid off. I wouldn't rush to pay this off.

[C]

Right.

[A]

You got to at least make your minimum required.

[B]

Yeah.

[A]

Is that it? Is that all the debt? Have we accomplished that?

[C]

I think we got through it all.

[A]

He owes you money though, right?

[C]

No.

[B]

700, 600.

[A]

You forgave?

[C]

I forgave that.

[A]

Okay, we'll count it. Forgiven. Walt Huntington. Is this the one you have access to or is this his special?

[C]

I don't have access to any of his bank accounts.

[A]

I apologize for the future of purchases we're about to go through. It's only.

[C]

Yeah, that's. Oh. What?

[A]

Well, I don't know. I'm just guessing. Based. Based on.

[B]

That's what only is.

[C]

Oh, yeah. I never heard of it.

[A]

It's your retirement plan. I'm sorry.

[C]

Oh, gosh.

[B]

You've probably seen it on statements.

[C]

Oh, I think I have. It sounds so familiar for some reason.

[A]

I was joking.

[C]

It doesn't sound like a site only.

[A]

Oh, you can make other content on there as well. Just no one does. I was joking because I don't know what's in this.

[B]

How did myself out there, huh? Watch it not even begin.

[A]

We'll see.

[C]

Right.

[A]

Okay. So this is what happens when you manage your finances. By the way, what do you think happens when he manages finances? What would you guess?

[C]

No, I just think he just spends frivolously.

[A]

Let's try six overdraft fees in this last month.

[B]

They're reimbursed.

[C]

Forgiven. Yeah.

[A]

Yes. But you did it six times, guy.

[B]

Calculatedly. I knew I put money from my savings account in there to stop the overdraft fee.

[A]

Ended with 116. Started with 66. That's dangerous. How the are we doing that? We're doing some cash withdrawals. Where's all this cash going? 470, 100, 140, 91, 42, 110, 42. Where's that all going?

[B]

Strip, probably haircuts and dude, you got.

[A]

Like a buzz cut. You're not getting more than a haircut a month. So the rest of us going. How much are we spending on a monthly basis? How do you feel about this?

[C]

I don't.

[B]

Probably like 200, $300 minimum.

[A]

Minimum. Because. Or else there's something else there that we're not seeing because a haircut is not $470. No, but you withdrew. What is this adding up to? About 700, would you say? 700 in cash?

[C]

That's a lot.

[B]

I can't think of anything.

[A]

Not strippers.

[C]

No, no, he doesn't do that.

[B]

No, I just stay at home all day. Really?

[C]

He really doesn't go anywhere.

[A]

It's expensive gooning. It's a smoking per. Per Chatsworth.

[C]

I mean, maybe going out to eat.

[A]

What is per per chats worth?

[B]

I have no idea, Buddy.

[A]

You spent $35 and 20 cents on PER. PER Chatsworth Purper.

[C]

Chatsworth. Never heard of that.

[A]

Well, it was on your own. Personal. You can't deflect this one because you're the only one that has this.

[B]

I just have no idea what that would be. Sometimes statements, they're not what they are or they are, but they're. They're named differently than what you buy. You know what I mean?

[A]

It's a bong.

[B]

It's a what?

[A]

Bong.

[C]

Bong. A bong.

[B]

A device to smoke from.

[A]

It might not be a bong. It might be a. I'm trying to.

[B]

Think of what I bought.

[A]

That's what their website is, though. It's devices to smoke.

[B]

Oh, okay.

[A]

There's the delay.

[B]

Yeah, there was like filter tips, but I ended up returning them, I think. No, I didn't. But no, I remember what they are now.

[A]

Oh, my gosh. Tlc, get in here.

[C]

Oh, boy.

[A]

Okay. Vending machine, it looks like. Have a house. Havana House. Havana House. Dairy Queen. Going in, getting some. Going in, getting some. Going and getting some. What is this going in. You're stopping in and getting like $4.35 of something.

[B]

A lot of gas stations. Yeah, just snacks.

[A]

Why don't you go to Costco or Sam's Club or even Walmart in bulk? Well, a bag of chips is not. A small bag of chips is not worth $3 and 25 cents.

[B]

On my way to work. On my way back from work.

[A]

You know what else is on your way to work. The pantry in your house, that's pretty empty. Yeah, fill it is what I'm saying. It's more cost effective.

[C]

Exactly. He eats out all the time.

[A]

Oh, I'm being told. Pretty muffins at the gas station.

[B]

I got some muffins at the gas station.

[A]

Muffins. Or are we talking like the bag of muffins?

[B]

It was jumbo muffins. So it's just one big muffin?

[C]

Like a big muffin?

[A]

Yes. Okay. Venmoing out East Point Place. 250 bucks. No, no, no. That was. Sorry, Sorry. No, that's going in and getting some muffins. Muffins. Muffins. Muffins. Muffins, Muffins. A lot of muffins.

[B]

Guy got a little muffin top.

[A]

I see it. Muffins, muffins, muffins. Fiery. AI Amazon. Amazon. You said you don't do Amazon.

[B]

Sometimes.

[A]

Muffins.

[B]

Probably dog food and stuff.

[A]

Team purchase. Muffin. Muffin. Muffin. Dunkin. It's our empty pantry. We're just going out. Dunkin Donuts. Cash app. Muffin. Adam May. Adam May, Inc. What's that?

[B]

It sounds familiar. I just can't think of what it is.

[A]

Oh, it's going in for muffins. It's a convenience store. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffins. McDonald's. Muffin. Muffin. Muffin. Muffin. Cash App. East Point. Muffin. Muffin. Dairy Queen. G2A.

[B]

It's a gaming website. You buy games?

[A]

Dairy Queen. Probably Muffins. I tell you're getting groceries at the dollar store. Oh, this is crazy. Muffin. Video game. Video game. Muffin. Poland Balleria.

[B]

That's a pizza shop.

[A]

Muffin. Muffin. Cash app. Muffin. Muffin. Fortnite. Muffin. Muffin. Muffin. Dairy Queen. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. This is crazy, dude. This is insane. This is insane. Fireworks. Muffin. Muffin.

[B]

I did a raffle out of fire, that fireworks thing. And I put in a hundred dollars of raffle ticks tickets and won 1500 in fireworks.

[C]

So great, great. What if you didn't win?

[B]

But I did.

[A]

Muffin. Fortnite. Muffin. McDonald's Popeyes, Amazon. Dairy Queen muffin. Laundry room. Laundry room. I'm okay with laundry room. That's fine. Dairy Queen. Muffin.

[C]

Where's that at?

[A]

Clean and quick laundry.

[C]

You're doing that okay.

[B]

Yeah.

[A]

Muffin. Muffin. Muffin. Muffin. Muffin. White pages, huh?

[B]

Yeah.

[A]

Why?

[B]

I did that a long time ago and just never canceled the thing.

[A]

Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. Muffin. McDonald's. Muffin. Muffin. Muffin. Muffin. Muffin. This is crazy. How close is he to this gas station?

[B]

The work cafeteria. So. Oh, a few steps away.

[C]

365 Market.

[B]

Yeah.

[C]

That's your work? Yeah.

[A]

McDonald's. Telegram. Fortnite. Muffin. Pizza. Muffin. Muffin. Furry Resort. Are you a freak?

[B]

No, that's. That's the.

[C]

His dog's boarding grooming place.

[B]

Stuff.

[A]

Overdraft, Overdraft. Overdraft. Overdraft, Overdraft, overdraft. Zell. Zell. 500. 100. Crazy. All right. Yeah. Total overdraft fees this year so far? 465.

[B]

None of that got paid out, though?

[A]

No. 465 have been charged. Refunded. 360. So. Yes. Come on, dude. 3,000 in this checking account. Is this the one she has my savings account Discover.

[C]

I don't really know anything about that account.

[A]

Okay. Yeah. I mean, yeah, you got like, 4,000 bucks here. 4,397. I mean, that's good.

[C]

One good thing.

[A]

Why are we not paying off debt?

[B]

I'm a little confused because I didn't know which one I should pay.

[A]

Where's the checking account that you guys both have?

[B]

We don't have one.

[C]

We don't have one together.

[A]

So he just gives you. Gotcha.

[C]

Yeah, he just direct deposits money into.

[A]

My account and 465 in retirement. Okay. Yeah.

[C]

Oh, boy.

[A]

Let's see if we can get a budget going. And this is gonna be 100% from you, with Mommy no longer involved. Dion, do we agree on this? Are we at least aligned on this?

[B]

Yes, I agree for sure.

[C]

Okay. Thank you.

[A]

Good income on average, Sometimes higher, sometimes lower. $3,600 debt. Minimum monthly of 807.61. What will his rent be once he takes care of it and not him?

[C]

500.

[A]

Okay. What about utilities? Is that included in everything?

[C]

No. Okay.

[A]

Utilities, Internet, gas, electric, all that good stuff. How much is that gonna be?

[C]

Maybe 250. 300. Maybe 300. That includes.

[B]

I would have no idea.

[C]

That includes his gas, electric, his phone, Internet.

[A]

Oh, phone. That includes phone.

[C]

Yeah.

[A]

Okay, we'll cross the phone. Okay. Gas. Vroom, vroom. Drive. Drive. Car gas. How much a month?

[B]

Let's say like 120.

[A]

Car insurance.

[B]

That's new, so. I know I Forget it's like two months old.

[C]

60, maybe a month.

[A]

That cheap?

[C]

Yeah.

[A]

Oh, okay. 60.

[C]

I'm pretty damn sure you can do three. It could be 80, but it's. It's.

[A]

I'll do 80 to be safe. Yeah, I'll do 300 for groceries. Yes, you can do it. You have to meal prep. You're cooking a few times a week and you're. You're warming up things and you're doing overnight oats and like that. Okay, you can do 300. You can do 250, but we'll do 300. We. We tested. Improve it every single quarter. The moment you need more, we will allow more. You can do 300.

[B]

Okay.

[A]

Use everything we do in the budgeting class. Go through the budgeting class.

[B]

Okay.

[A]

TP fund. This is anything else you need. This is toothpaste. This is whatever this is. A wife goon. $100. Okay.

[B]

Okay.

[A]

Medical health care there co pays or anything you need to do on a monthly basis.

[B]

I think it's $20 copay.

[A]

Is that a month on a month?

[C]

No, he doesn't.

[B]

If you go in, he doesn't.

[A]

Okay.

[C]

Go to the doctor.

[A]

Is there a gym?

[C]

No. No.

[B]

I should probably start one, though.

[A]

I'll put in 30 bucks. We have a pet, a dog. Age and health.

[B]

Two years, two and a half years old. Good health.

[A]

$50 for pet insurance. Get good pet insurance. Good pet insurance is lots of scam out there.

[B]

No, I don't. I never did it.

[A]

Oh, $50. How much for dog food?

[B]

Probably $80 a month.

[A]

Anything else that needs to be in your budget that I have not put in? I will put in $50 for subscription in gaming.

[B]

Okay.

[C]

I know. I can't think of anything else.

[A]

Actually, I'll put it out. Let's see if we can put in 100. I'll try 100. Anything else that needs to be in there?

[C]

I don't think so.

[B]

Nope.

[A]

And I'm sorry I don't have a fund.

[B]

Yeah, I learned my lesson from that. I haven't even been to a strip club since.

[A]

Got yourself tested afterwards. Oh, yeah. Well, scary.

[B]

Yeah.

[C]

Oh, yeah. I didn't realize she.

[A]

Okay, listen, you got a thousand $132 and 39 cents left over after your minimum. So let's allocate that other 132.39. The fun. Let's say you have a thousand dollars left over to throw towards that on a monthly basis. Okay. Which gives you $232 and 39 cents of fun money on a monthly basis.

[B]

Sounds like A lot. I feel like I could cut that down a little bit to pay off debt faster.

[A]

If you choose to, yes. But I. I'm not requiring you to listen. I think the car, if it is at the rate you suggest, I would do minimum payment until it's paid off. Same with your student loans.

[C]

Right.

[A]

So minusing the car from the credit card debt, we have $13,369.40 of credit card debt. We know the math. At a thousand hours a month, that is just literally 13 months. That is not bad at all. Thirteen months, you do that, then we save up a fully funded emergency fund, which at this point it looks like with your minimum payments and everything required, it's going to be about $12,000, you know. No, $10,500 called 11. So you save that up over the course of the next. Because your minimum dependence will be substantially lower by 807. No, by lower you have the car payment and stuff, but about 400, $300, you'll save up that fully funded emergency fund in about nine months. So in a year and 10 months you have no bad debt. The car is not great, but I think you can minimum payment till it's paid off. Because we need to catch up on retirement. Yeah. At that 6% rate, that's that the car talk about. Yeah. So 10, I'd say a year and 10 months, you're debt free, have a fully funded emergency fund, and then I want you to live 50, 25. 25. That is 50% of your income on needs, which I think you can do less if you maintain this. But if you go and live In a different apartment, 50 on needs, you can totally do that because your lifestyle will be a little lower without the debt. Minimum payments as much 25 on fun, 25% to retirement. That will give you the time in the market and the percentage necessary to have a very dignified and happy retirement.

[B]

How do I do that in my. Like the 401k I just put in 25%.

[A]

I would take your match up to your match, then I would max out your Roth IRA. And then anything after the Roth IRA that contributes to that 25%. If you have anything left over after you've maxed out your IRA, contribute more into your 401k and make sure if you have the option, which about 50% of employers do offer this, you take a Roth version of your 401k so that by the time you're 59 and a half, if you want to retire then and you're taking out penalty Free. The money's already been taxed, so you're not getting taxed on the growth of the compound.

[B]

Okay, okay.

[A]

That'll be the goal. Take the investing class as well. That'll walk you through all that. Take the debt class, take the budgeting class especially because that's what matters right now. Investing. As we go through the follow ups with you, we'll get more deep into that. Okay? Okay, guys, I already have notes of some of the craziest ever in my life that we're going to talk about in the post show. So if any episode you've ever needed to join Hammer Elite where you get three premium shows posted every single day, Monday through Friday, this is the one. Click the join button now or the link in the description. There's a little bit of a surcharge on the join button Due to the iOS tax tax, the apple tax. But Hammer Financial Score, spending a budget, you overspent. 010 debt. No collections, but it's worth behind on a lot of payments. So one out of 10. Well, lots of late fees, emergency fund savings success. Oh, there's 6,000 in there, right?

[B]

There's probably about 4, 545.

[A]

Okay. Take out 2,500, throw it towards your debt. That speeds along that. In fact, we'll pay off the quicksilver card and get rid of that minimum payment of 65 that rolls into the next. So there you go. You're probably a year and a half fully funded emergency fund and paying off all bad debt. There you go. Take it down to two. Okay. Yep, good. So emergency fund right now four out of ten. Retirement one out of ten. At least you started, I guess zero out of ten for real estate. Now I can't even count that as retirement. Sorry. Zero out of ten. Ah, no, one out of time.

[B]

I could sell it and get some money out of it.

[A]

Technically, Hammer Financial Score rounded up. Barely got over the threshold for the roundup. 1.5 out of 10 guys. Joy and Hammer Elite. This post show is about to be insane. I'll see you there. This is crazy. She convinced you to take out $2,000 from your retirement, but not just take from retirement because you had IRS debt.

[B]

I never pulled it out.

[C]

Well, it was was going on.

[A]

That is crazy. Shelly's friend stole Drew's identity. This is absolutely crazy. Elusive members content. Click the link in the description or pinned comment below and watch thousands of hours of extra and uncensored content.