Homewrecker Ruins EVERYTHING To Steal Married Old Men | Financial Audit

Summary

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Financial Audit Episode: "Homewrecker Ruins EVERYTHING To Steal Married Old Men"

Host: Caleb Hammer
Guest: Haley, 27, Florence, Alabama
Released: January 27, 2025

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Overview

This episode of the Financial Audit podcast dives into the chaotic personal and financial life of Haley, a 27-year-old assistant manager at a major retailer in Florence, Alabama. Caleb guides Haley through a candid exploration of her troubled relationships (including a long-term affair with an older man), her mounting debts, impulsive spending, and her misunderstandings about financial basics like 401k loans and credit. The tone is a blend of darkly comic, brutally honest, and instructive as Caleb tries—amid all distractions—to help Haley face her financial challenges and behaviors.

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Key Discussion Points & Insights

1. Relationship Drama and Emotional Baggage

• Haley’s romantic entanglement: For six years, she was involved with a 40-year-old tattoo artist who cheated on her, hiding his pregnant long-term girlfriend. She continued seeing him, even after learning the truth.
• Difficulty moving on: Caleb points out that her inability to cut ties is affecting her emotional health and impeding her ability to focus on her own wellbeing.
• Quote:
  • “You’re never gonna move on. You’re never gonna move on.” (Caleb, 11:12)
  • “Six years. You’re never gonna move on. How old’s this kid now?” (Caleb, 11:16)

2. Financial Situation Unpacked

• Income: Haley earns $65,000/year, a high salary for the low cost of living in Florence, but this masks underlying issues.
• Job: Assistant manager, salaried with inconsistent 50-hour weeks, no overtime.
• Debt: Credit cards (some not being paid at all), car loan, and a 401k loan taken out for a house down payment.
• Credit score: Has plummeted from the high 700s to the 500s due to missed payments and spiraling credit utilization.
• Poor budgeting: Despite her income, she regularly spends more than she earns.
• Quote:
  • “You make triple the median income in your city...yet you are late on a credit card.” (Caleb, 40:11)
  • “You spend $1,500 more than you make.” (Caleb, 45:59)

3. Misunderstandings & Risks: 401k Loan

• Haley borrowed from her 401k to afford a home down payment, under the misapprehension that paying interest on her own retirement fund was a "deal." Now she wants another 401k loan to consolidate other debts.
• Interest rates: Her loan sits at an estimated 11%, negating much of retirement investing’s long-term advantage.
• Caleb’s frustration: He repeatedly explains the compounding harm (lost market growth, high loan rates, risk to future financial security).
• Quote:
  • “How do you think you make money off a loan? …That’s them making money off the loan, not you.” (Caleb, 22:04)

4. Lifestyle & Spending Habits

• Impulse spending: Frequent, small purchases at her workplace, fast food, gas stations, and vacation splurges push her further into debt. Notably, her claims about “necessary” TJ Maxx skincare did not reflect in actual bank statements.
• Overspending: Haley insists she’s frugal—but account analysis shows the opposite.
• Denial: She rationalizes spending as “necessity” or "travel for mental health,” despite having no financial buffer.
• Quote:
  • “You spent $5,000, you brought in $3,700… You don’t know what you’re talking about.” (Caleb, 06:58)
  • “Every single one of these [purchases] is a store. What are you doing at your work?” (Caleb, 66:04)

5. Complicating Factors: Family and Pets

• Household: She supports her mother (on Social Security), who at least pays for food, though Haley covers all bills. The house is relatively large (3 bed/2 bath).
• Pets: She owns a dog and a pig, adding to expenses and limiting her housing flexibility.
• Major obstacles to selling her house or moving: Her animals, particularly the pig, make renting impractical and selling the home less viable as an immediate solution.

6. Caleb’s Financial Dissection & Solutions

• Budget audit: Calculates Haley’s net income and fixed obligations, showing she is over budget even before including groceries (which her mother covers).
• Debt payoff strategy: Recommends against a new 401k loan due to her unchanged behavior—predicts it will only lead to more debt.
• Cutting expenses: Suggests eliminating the gym membership and seeking any chance to move closer to work or sell the overly expensive home.
• Behavioral change: Emphasizes the root problem is impulsive choices and lack of will to confront difficult truths.
• Quote:
  • “If you don’t change your behavior, you're going to end up in debt again.” (Caleb, 78:04)
  • “Your 401k loan is a shortcut… and that shortcut then is not good because it’s also tightening up your retirement.” (Caleb, 77:53)

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Notable Quotes & Moments

• On relationships:
  • “This dude better be hot.” (Caleb, 13:03)
  • “You can’t resist Red Bulls. You can’t resist gray hair on men.” (Caleb, 68:47)
• On financial denial:
  • “You have a 6,000 dollar credit limit, you’re pushing it towards that… and then you purchase almost $300 of things? Why?” (Caleb, 58:37)
  • “Why are you buying individual Red Bulls? Go to a place where you can buy in bulk—even at the store you work at.” (Caleb, 67:42)
• On Haley’s rationale:
  • “If it’s TJ Maxx, that’s like… I feel, essential.” (Haley, 59:13)
• On missed opportunity to self-educate:
  • “Was there any reason you didn’t Google how to pay off debt?” (Caleb, 64:36)
  • “It’s not something I thought about Googling.” (Haley, 65:04)
• On solution:
  • “Cut up your credit cards instead… Act like an adult for the first time in your life.” (Caleb, 62:25)
  • “The best solution is actually selling your house and moving to a rented place. But with the pig, you can’t.” (Caleb, 81:09)

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Timestamps for Key Segments

• Relationship Bombshell & Cheating: 00:00–14:35
• Income, Debt & Budget Breakdown: 14:35–29:44
• 401k Loan Confusion: 19:39–28:30
• Financial Decline and Spending Habits: 28:30–47:15
• Credit Cards & Minimum Payments: 47:15–64:15
• 401k Investment & Account Analysis: 65:16–67:42
• Expense Audit (Workplace spending, Red Bulls, Eats): 67:42–72:00
• Living with Mom, Home Expense Discussion: 56:50–58:19
• Budgeting Exercise: 73:23–76:16
• Long-term Solutions & Final Score: 82:11–86:14

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Final Thoughts

Haley’s story epitomizes the adage that financial struggle is more often a behavioral than mathematical issue—even a solid upper-middle-class income can quickly vanish under the weight of denial, impulse buys, and deep emotional distractions. Caleb’s recurring advice is clear: “It’s not your income, it’s your choices.” While wild, sometimes abrasive, and filled with detours into tabloid territory, this episode is packed with financial education, tough love, and a very real case study of why self-honesty is the first step to financial recovery.

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Caleb’s Final Hammer Financial Score for Haley:

• 2.5/10 overall
• Retirement: 5/10 ("relatively good for age but undermined by loans")
• Real estate: 5/10 ("mortgage too expensive, interest rate bad")
• Spending & debt: abysmal ("missed payments, overspending, 401k loan misuse")
• Emergency fund: 0/10 (no savings)

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Recommendation:

• Cut spending ruthlessly
• Do not take more 401k loans
• Find a way to increase income or move closer to work
• Use free resources (budgeting, debt management, therapy)
• Cut emotional ties to destructive relationships
• Consider selling the home when pet situation allows

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Memorable Closing:

“You can’t resist Red Bulls. You can’t resist gray hair on men. …You need to move on from him and move on from Red Bull.”
—Caleb Hammer (68:47)

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For more in-depth breakdowns, exclusive content, and follow-ups, join the Financial Audit YouTube membership.

Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube. A six month pregnant girlfriend. You're saying he's with the mother of his child still? You are trying, actively trying to sleep with him.

[B]

What is he cheating on, though? Is it me or is it her?

[A]

Financial. What the is happening right now? The dude has a family.

[B]

I know it sounds like on the trash.

[A]

How old would it sound?

[B]

How old is 40 years old?

[A]

Download my new simpler budget app today and take control of your money once and for all.

[B]

Hi, I'm Haley. I'm 27 years old from Florence, Alabama.

[A]

And this is Financial Florence, Alabama. Yeah, you certainly are. Thanks for coming down to Austin. What do you do for a living in Florence, Alabama?

[B]

Okay, I don't think it's that thick, first of all, but I am a manager at a major retailer.

[A]

Cool. What kind of level of manager? Because you know that can what, range widely.

[B]

Right? So like at this company it goes like district manager, store manager, and then me. So there's like two levels between me and the store manager.

[A]

Which one are you?

[B]

The assistant manager.

[A]

Oh, assistant.

[B]

Under the store manager.

[A]

Okay. How much are you making?

[B]

So I make 65 a year. I'm salary thousand.

[A]

Not bad for, I don't know, Florence specifically. But Alabama is not one of the more expensive states to live in.

[B]

No, it's pretty good. Like, the cost of living is really low and then like the housing is low. So.

[A]

Okay, so how is life in Florence with this job? How are we doing?

[B]

So, I mean, I feel like I'm doing okay, but then like, somehow I'm still in debt, so I don't know.

[A]

What do you think is causing that if we're doing okay?

[B]

I think mainly it's like the bills. And then sometimes I do like, spend a little bit of extra, you know, I have to go to like TJ Maxx and stuff like that.

[A]

What do you mean have to go to tj? What does have to go to TJ Maxx?

[B]

It's like I have to. It's. It's a necessity.

[A]

No. What part of it is a necessity?

[B]

Well, I go there and like, I have to get all my skincare stuff.

[A]

From there from TJ Maxx.

[B]

Have you ever been to TJ Maxx? Do you. Do you not TJ at all? No, they have.

[A]

I don't know if I've been doing.

[B]

TJ Maxx you would ever need. Like, they have like all my eye serums that I need, which obviously because I'm getting a little bit. My. My wrinkles are what are you.

[A]

You're 27.

[B]

Yeah.

[A]

Your retinol. Okay.

[B]

Yes. I have to get the retinol.

[A]

Yes, of course, of course, of course. Okay. That's your half to go to TJ Maxx. Okay. What are you spending on that on a monthly basis? You're. That's why you're in debt is because of TJ Maxx. For your skin?

[B]

I wouldn't say, like in debt, but I think that's, like, a necessity. And then there's, like, stuff that comes up, you know, throughout the weeks and months, and, like, I have to get.

[A]

What hits your account on a monthly basis.

[B]

I think it's 1830 monthly.

[A]

1830 monthly.

[B]

Oh, 3600.

[A]

Do you know what monthly means? Just wanna. Yes, confirm we're on the same.

[B]

I think weekly. Maybe it's every.

[A]

You're paid weekly?

[B]

No, I'm paid bi weekly.

[A]

What's. What are you talking about?

[B]

What are you talking about, bi weekly?

[A]

I think 3700 came in for payroll.

[B]

Okay.

[A]

Okay.

[B]

Yeah.

[A]

Does that sound about right?

[B]

That actually sounds a little bit higher than. But, yeah, that's.

[A]

It's salary, so there's no.

[B]

There is no overtime or, like, extra or anything.

[A]

How many hours a week are you working?

[B]

So it's base. 50. But then, like, if you have to work.

[A]

50.

[B]

Yeah. You have to work base.

[A]

Okay. And that's. Oh, okay. Okay. So what is it? Nine to, like, what?

[B]

So normally my schedule is like a 7 to 5 or like a 10 to 8, 12 to 10. That kind of thing.

[A]

Oh, so it's not consistent.

[B]

No, it changes.

[A]

How many assistant managers are there?

[B]

There's six total.

[A]

Okay.

[B]

I don't want to.

[A]

Okay, Come on. One, I'm offended. Two, sorry, that also wasn't the actual request. My gosh. Okay.

[B]

I didn't know if you were asking or suggesting or.

[A]

Well, there's probably incest happening there, so I don't want to get a taste of that anyway. 3700. So that's what happens on a monthly basis.

[B]

Yeah.

[A]

All right, cool. So you're in debt because of TJ Maxx. Apparently, because you have to go to TJ Maxx. So how much did you spend last month? If that's the paycheck that hits, and apparently a little high on your end, but okay, sure. So what would you spend? What'd you spend last month?

[B]

I'm gonna say I don't think I went over my paycheck because I very rarely do.

[A]

Okay.

[B]

I think I stay pretty much underneath, so I'm gonna say Like, I think for sure.

[A]

3,000, $5,026. What the are you talking about? That is what was spent, also known as some credit cards.

[B]

Well, now I'm pretty sure that expense came from, like, the vacation that I had. I had to take.

[A]

What? That doesn't count. Vacations, money. That. No. What are you talking about? Do you think that does not count towards your spending because it's a vacation?

[B]

What I'm saying is, like, that's not a normal.

[A]

I don't care if it's normal. That's what you did. I don't care if it's normal. That's what you do.

[B]

That's like.

[A]

But that doesn't. Do you realize that does not matter?

[B]

Just for the vacation that we were. That I was gonna take.

[A]

I get it. But do you not realize that that doesn't matter whether or not it's a normal month? It literally did happen.

[B]

Yeah, but I was saving. I was actually saving up for this vacation. So, like, I was taking a little bit out of my paychecks, like, every month.

[A]

How much was the. What did you. Where'd you go?

[B]

I went to Orange beach, which I've never been.

[A]

Orange Beach?

[B]

What, like, Orange Beach, Alabama?

[A]

So you stayed in Alabama?

[B]

Yeah. Well, I was originally gonna go to Florida, and we were gonna go to Universal.

[A]

Makes a lot more sense.

[B]

So cool. Like, love it.

[A]

What?

[B]

But Halloween horror nights?

[A]

Yeah. Well, you and your friends, me and.

[B]

My brother and his wife, we were gonna go.

[A]

You and your brother?

[B]

Yeah.

[A]

Okay.

[B]

Future husband already? Actually. No, no, I'm just kidding. No, no, not really. But he was actually gonna pay for, like, the tickets and everything for me. It was like, you know, his trait, basically, because he knew, like, I was having a hard time, and we had already planned this out, but.

[A]

But that's just the tickets. You would have still spent money going there.

[B]

No, he was gonna pay for everything.

[A]

Everything. Then why would you need to save up money for the trip?

[B]

For the rental car? He was gonna pay for, like, the place we stayed.

[A]

Wonderful.

[B]

Why would you actually gonna pay for my ticket?

[A]

Why would you need to save up money then?

[B]

Well, I was gonna save up money for, like, food. Like, there you go.

[A]

So, like I said, you have to spend while you're there.

[B]

Yeah.

[A]

So he wasn't covering that.

[B]

It wasn't expensive for it. Like, I was skipping, like, a frappe here and there and, like, a Red Bull here and there. I was sk.

[A]

Saving is cutting back on, like, the bull kind of expenses. So it's not even, like, money that would have Gone towards the debt anyway. It's money that would have gone towards spending for both.

[B]

Well, I do have a little bit of extra left over at the end of the month. Like I have like 200 left over.

[A]

Are you talking about you spent $5,000? You brought in 3,700. You don't know what you're talking about? No, there is not money left over. Why would your debt be going up? Why would you have debt if you have a little left over?

[B]

Well, when I make like my budget.

[A]

For the month, then why do you have debt?

[B]

There's normally like, why do you have debt?

[A]

I don't know why you make a budget. So you should know, I think like.

[B]

The debt accumulated over time. How so? I had like a little mid-20s breakdown. Like a little. A little.

[A]

It is mid-20. It's not even mid-20. Yeah. Oh, you're your age. Mid-20s? Yes, yes, yes, yes. Okay. We were 27. So two years ago.

[B]

Well, I was like 24, 25, something like that.

[A]

Okay.

[B]

A little mental breakdown. Right. There was just like a lot going on personally.

[A]

What?

[B]

Well, you know, I started like my salary job and actually what I started. Okay, so it sounds like a positive thing. I started working in salary. Right. So promotion, more money, great. Different store, doing good. Right.

[A]

So good.

[B]

But I actually, when I moved to the new store, I found out that my boyfriend that I was with was actually with somebody else. And we had been seeing each other for like close to two years. He actually had a girlfriend and she was like six months.

[A]

He had a girlfriend? A six month pregnant girlfriend.

[B]

Yeah. So I found this out and I mean, that was hard.

[A]

I mean, that's what happens when you live in a place called Florence, Alabama. Yeah, not really.

[B]

I mean, and it just so happened that like the store I transferred to, she. Well, her family lived there and like they would come in with the baby and it was so hard. But I was like, okay. You know, I was like, I'm doing it still. I'm.

[A]

How'd you find out?

[B]

I actually found out because I was like on like a little project, like a little salary project. My first little thing as like a salary member of management in his hometown. So like we live 45 minutes away. I live in a town over here and he lives over here. We're like 45 minutes difference. So that's why it was like so easy, I think, for him to hide having a girlfriend.

[A]

How'd you find out?

[B]

And the baby. But so the way I found out is cause I'm working at the store in his hometown. And there's this guy there, and we're like, talking about. Cause this guy's a tattoo artist, right? And me and the guy are, like, talking about his tattoos, and he's like, I actually get my tattoos done by this guy. Or I used to.

[A]

Okay.

[B]

But then he stole my girlfriend from me, and I was like, oh, my gosh. No, I've never dated this guy. Like, I thought I was his girlfriend, but obviously not. So that's how I found out that he had a girlfriend that was not me.

[A]

Then what happened? You broke up?

[B]

Yeah. I mean, I. Yeah, of course.

[A]

Yeah. No, totally fair.

[B]

You know, I found out he had a girlfriend, and I found out she was six months pregnant. So. Yeah.

[A]

Like, that's crazy. So were you the side piece? Yeah, that's. For two years, you were the side piece. Did you tell her?

[B]

I did. And it was like. It was a whole thing.

[A]

Are they still together?

[B]

They are, but, like. So we actually continued to talk to each other.

[A]

No. For how long? Well, that drawn out. That drawn out process, I mean, that's gonna. You, in so many different ways, stop.

[B]

Talking for eight months. Because I was like, I can't. Like, this is. I can't do this.

[A]

Okay.

[B]

So we stopped talking for like eight months. And then he texts me one day and he's like, you know, hey. Yeah, basically he's like, hey, what up? Kind of thing. But we started talking again.

[A]

What's talking?

[B]

No, no, no, no, no, no. We just started talking, like, even though.

[A]

He was with his lady that had a baby.

[B]

Yeah, but.

[A]

And you knew you were the side piece at that point and you were okay with that?

[B]

Well, I mean, like, two years. Long time, you know, and like, you become attached to somebody of. And I was a little bit attached.

[A]

Had a kid, though. Well, I mean, obviously, he's probably a serial cheater. What?

[B]

Oh, definitely. Probably. Yeah. Most likely. 100%, actually. I'm sure.

[A]

How long did you guys keep talking?

[B]

Last time I spoke to him was in June.

[A]

This is that long ago. Wait, for how long were you talking?

[B]

We have been doing this back and forth, like, on.

[A]

You're never gonna move on. You're never gonna move on.

[B]

It's been six years.

[A]

Six years. You're never gonna move on. How old's this kid now?

[B]

She is five years old now.

[A]

What the. Have you. Okay, let me ask this question. Sorry, this is a little more like TMZ tea. Sip for a second. But listen, I. I enjoy myself a little steaming glass. Yeah, Here and there. So I gotta ask this, but then we're gonna jump into the money. But have you guys in that time.

[B]

Such an inappropriate question? I don't want to answer that.

[A]

Oh, my goodness, yes.

[B]

It's a loaded question.

[A]

That's a really.

[B]

Really, really.

[A]

How. When's like, the last time?

[B]

No, it hasn't. Like, I haven't actually. We haven't actually, like, been together. Been together.

[A]

Come on. When was the last time you guys, Like December.

[B]

We were actually together.

[A]

But you're saying he's with the mother of his child still and you're a lot. You are trying, actively trying to sleep with him during those times.

[B]

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

[A]

But you did, you did. Over the past few years, it was.

[B]

Always like, he would call me and he'd be like, we're not together anymore. He would tell me they weren't together.

[A]

How many times is he telling you that?

[B]

The last time he told me they weren't together anymore.

[A]

And after he cheated on you the first time or cheated on her with.

[B]

You cheating on, though, Is it May or her?

[A]

I think I don't know.

[B]

Because I don't know.

[A]

But that's a little.

[B]

Like, he told me that home record behavior.

[A]

Yeah, but how many times can you believe that? Over and over again. Especially for someone that cheated on you. He cheated on you and you're okay.

[B]

I texted her and I was like, hey, just so you know, this is what he's told me. He told me y' all are not together anymore. You've moved out. Like, I just want to make sure we're all on the same.

[A]

So is it okay if he sticks it in?

[B]

Because we've done this over and over. So, like, I just want to clear everything.

[A]

This dude better be hot.

[B]

Well, I mean, I think he's handsome. He's like, it's like a Joe Dirt.

[A]

Oh, this is usually like a post show conversation. We, we, we, we, we.

[B]

But like, you know, you gotta love it. Like, you think my accent's sick.

[A]

Okay, show me a picture.

[B]

You want to see a picture of.

[A]

Yes. We'll get in the finances in a second. Sorry, guys.

[B]

Okay, you have to be like. You have to be honest and tell.

[A]

Me if it's just like, it's like if. If I do anything, it's.

[B]

Do I just have.

[A]

Huh?

[B]

Do I have like rose colored glasses on?

[A]

Well, maybe. I don't know. You're probably.

[B]

Or is he handsome?

[A]

There's like five people that live in Florence, right?

[B]

I only have one picture of him.

[A]

Hold this man.

[B]

He is. He's 40 years old. He turned 40 in November. But you know when you love somebody and you just love them so much and you just can't. Like, that's how much I loved him.

[A]

This dude is a great man.

[B]

Wait, did you look at the picture good though?

[A]

Yeah, I looked at it pretty well.

[B]

Well, I don't have another picture of.

[A]

Him, but nor do I want to see another.

[B]

Bluest little eyes. I mean, I liked him.

[A]

No, conventionally attractive to a certain point, sure. He.

[B]

Maybe that wasn't the best was.

[A]

He's been you since you were 21.

[B]

And we met when I was 21.

[A]

And he was 30.

[B]

34.

[A]

4.

[B]

Yeah.

[A]

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[B]

Well, I don't think that's like that big of an age gap. Honestly.

[A]

It's a pretty big gap. Whether or not it's inappropriate is up to the individual.

[B]

It's a pretty big gap, right?

[A]

Huh.

[B]

We're in Tennessee, so huh. We're in Tennessee. So it doesn't really matter, I don't think. Does it.

[A]

Does that mean.

[B]

Well, I think, like, the age of consent there is, like, 16, which.

[A]

You're in Alabama.

[B]

Well, I am now, but originally, Tennessee. Maybe you didn't see a good picture. Hold on. Because, like, if you could say, financial audit.

[A]

What the is happening right now?

[B]

I don't know.

[A]

This is. That's insane. You are literally. The dude has a family, and you see you. Okay, let's not talk about it. You talk about it like that, though. You told me with your own words that he is with her.

[B]

Yes. I know it sounds bad, and it sounds like.

[A]

How old would it sound?

[B]

I know it sounds like I'm the trashy one, right?

[A]

Yes. No, you all sound trashy in this story.

[B]

Okay. I know it sounds like I'm the bad one in this.

[A]

Yes. And him.

[B]

Not at all. Not at all.

[A]

Because you pursue him. You continue the conversations. You allow them to happen. You let him. You in December while they've been together.

[B]

No, but he told me they were not together together.

[A]

Why would you trust the man that cheated on you before? You wanted to believe it. Exactly. You wanted to believe it.

[B]

Yeah.

[A]

I got to get into the numbers. That is certainly piping hot, but it's honestly quite kind of disgusting. Well, how old is Lady?

[B]

I don't know, actually.

[A]

Do you know her?

[B]

I've met her. I met her once.

[A]

How old does she look?

[B]

I think she's 30. She's older than me. I think she's 30 years old, but I'm not sure. I don't know. Do you want to tell me if I'm prettier than her?

[A]

This pork.

[B]

You want to do a little. We'll do like, a hot or not. Do you want to say.

[A]

Did you sane? I'll do it.

[B]

Okay. You have to be honest, too.

[A]

Like, I never am not.

[B]

Then I'm ugly. Just tell me the truth.

[A]

Is that him?

[B]

That's him and her. But, like, that's a very.

[A]

You're literally dating, like, a dude that looks like.

[B]

Tell me, is it edited? So edited. Right?

[A]

I would. I would. I would. I. I would pick you if I had to pick.

[B]

Oh, thank you.

[A]

Well, this is because she looks beyond caked. Like, what is she hiding?

[B]

Right? Like, so much makeup. Like, I have makeup on, obviously. But, like, yes. Honestly, the TJ Maxx is. I feel like doing me good. Right. With all the retinol and the serums.

[A]

You look normal. Oh, what are we doing? What are we talking? You spent 5,000, 3,700 comes in. You married men who are 15 years older than you.

[B]

He's not married. He's not married.

[A]

He has a kid with her. That poor kid. That poor kid. Poor kid.

[B]

Dude is not married.

[A]

That poor kid. What is everyone at the store gonna think when they hear this? You're choosing to say this on a public platform?

[B]

Oh, goodness. I didn't think about that. Like, how'd you not?

[A]

As in we literally have videos saying everyone around you will, you know, will see you in these videos. Please consider before you come on, like a million jillion times.

[B]

I didn't think about that.

[A]

Why? How we literally. Are you dumb?

[B]

It sounds really bad, but it's. It's not like what it sounds like.

[A]

How is it not? Well, man with baby sticks penal in you, the non person he's with, very, very expensive, explicit.

[B]

It wasn't like that at all, but.

[A]

That is what happened.

[B]

Not really. Not 100.

[A]

How do I get this? How do I take this to finances?

[B]

I don't know how we got here.

[A]

What are you here for, lady?

[B]

Well, I think, like, I just need help figuring out where my money goes because to me, it doesn't seem like I have enough to get anywhere with, like, my minimum monthly payments and stuff like that. And I don't know where I'm, like, missing the mark here. So I'm thinking about just to, like, get my finances back on track. I currently have, like, a loan out on my 401k.

[A]

Oh, and for why when you do that?

[B]

I did it when I purchased my house.

[A]

You own your house?

[B]

I do.

[A]

Wait, I don't see a mortgage in here.

[B]

Yeah, there should be a mortgage. Yeah. So I bought a house back in 2022.

[A]

401K loan to buy a house?

[B]

Well, no, it wasn't always, like. It wasn't just to buy the house. It was for, like, a little bit of the down payment.

[A]

So you borrowed your down payments from your own retirement? I don't think you understand how that worked.

[B]

Well, I feel like it's just paying. I thought it would be better than getting, like, an actual loan. I'm paying myself an actual loan?

[A]

Yeah, but with interest.

[B]

A personal loan?

[A]

Yeah, but with interest.

[B]

But the interest goes back to you, right?

[A]

What do you mean? You think you're earning money on it?

[B]

No, I don't think I'm earning money. I think that it's just, like, it, like, gets. They take like.

[A]

What is the school system like in Alabama? What do you. Wait, what do you mean? What do you think is actually happening? Please, please.

[B]

So, please. So I don't. Like, I'm paying myself back, basically, but it's not like accruing any kind of interest. Yeah, yes, it is, but that interest goes back to me, right?

[A]

What the do you mean by that? How do you think you, you, you, you, you make money? How does that. And what world does a loan make money for you? What are you talking about?

[B]

No, I'm not saying that it makes money for me. What I'm saying.

[A]

How do you say it goes back to you? I'm so confused.

[B]

So, like, you take out the 401k loan, right? And it stops accruing any, like, extra money from that. But you, like, you got me confused.

[A]

Okay, you have me confused.

[B]

You got me confused. Listen.

[A]

Okay, so I just want you to tell me what you think is happening.

[B]

It's not like, it's not. It's not like a actual loan, right? So, like, why wouldn't it be?

[A]

What do you mean?

[B]

Myself back basically, Right? Yeah. Paying myself back. 100. Paying myself back. I don't know how it works.

[A]

Paying yourself back. But what do you mean by that? Like, yes, all of a sudden you have the money is kind of like, if you want to think about it as yours again, you can kind of think about it like that. But the interest on it, it's not. That's them making money off of the loan, not you.

[B]

I don't know. The way that I understood it was.

[A]

Like, what were you talking about? What were you talking about?

[B]

So I'm thinking about taking another one out.

[A]

Why? How much? And for what? You get in another house.

[B]

No, no, no, wait.

[A]

You still owe on that other 401k loan?

[B]

I do. Oh, 8,000.

[A]

Will they allow you to take a second one on.

[B]

No.

[A]

Then what are you even talking about?

[B]

So you have to pay off the current one to take out another.

[A]

What do you owe on the other one?

[B]

Oh, 8,000.

[A]

Right now you don't have 8,000.

[B]

Well, I get like a small bonus at the end of the year and it varies based on, like, store sales. Right.

[A]

So we're going to use a small bonus to pay off a loan so that you can borrow a larger loan.

[B]

Yeah.

[A]

For what?

[B]

To pay off. So, like, I have my. I have three. No, I have two credit cards that need to be paid off. Right. And then I have my car payment. So this is my idea. And I think it's like, I thought this through and I think it's like a really good idea. This is what I really, like, I.

[A]

Would, I would Love for you to say it.

[B]

It's coming. Hold on. So, like, what I'm going to do.

[A]

40 year old says every day.

[B]

Okay, I'm kind of offended for him, but anyways, you're being mean to him.

[A]

He's the one who has a child and he's someone who's just.

[B]

Anyways, anyways, can I call him in the post show? Dude's not gonna answer. No, he 100 has my number blocked. What?

[A]

Really?

[B]

Why would he not.

[A]

Why would I have your number block? Because you guys are. You said you're talking in June.

[B]

Yeah.

[A]

And then you a few months before that.

[B]

I did? First of all, I never said that.

[A]

Yep.

[B]

I didn't use those words.

[A]

Oh, you sexed him.

[B]

Oh, I didn't say that either, but anyways.

[A]

But that's what you said, though.

[B]

No, not really. Look, you got me all discombobbled. I forgot what I was even saying.

[A]

Hobbled.

[B]

The discombobbled, yes.

[A]

Anyways, how do you run a store? Well, how do you run employees? Do they have to depend on you for anything?

[B]

Yeah, no, I'm good at my job.

[A]

You have me squeezing on this thing because this is insane. This conversation is insane.

[B]

Yeah, that's a you problem.

[A]

It is, but it's also a you problem if we're trying to get some result in the end. It's also a you problem because I can't follow what you're talking about. You haven't even told me what you want to borrow this for.

[B]

Yes, that's where we were. Okay, so what my plan is is to pay off the 401k loan so I can take out, if you get.

[A]

That bonus as large as nothing.

[B]

So I can take out another loan and pay off my. All my credit cards, which is two credit cards. Pay off my car loan and pay off. Seems like that was. I think that's it. So I can pay off those three things, right? And then I can take my insurance, which is right now, like almost 400. I can take that down to like a minimum. Awfully feisty over there.

[A]

But usually if you have good credit, even the interest rate on a 401k loan is 1 to 2% over, like the federal loan rate. It would probably be 8 to 9%. If you have good credit. What's your credit score?

[B]

It's like in the 500.

[A]

What the are you gonna do? You're gonna get like, what, a 15% loan on your 401k? Wait, wait, the one that you currently have?

[B]

Yeah.

[A]

Obviously the most likely. And what typically happens is the money that's hitting your account is post you making a payment on it. Because it probably takes before you see your money.

[B]

Yeah, it takes out what is the.

[A]

Interest rate on your current 401k loan. And you said it's 9,000. You said it's 9,401k. Okay, go ahead.

[B]

Okay, so I'm going to pay off all of my loans and then I'm going to take my.

[A]

No, I said what's the interest rate on it?

[B]

I think it's 11%.

[A]

What are you doing for. Why?

[B]

And but I'm not 100 sure that actually.

[A]

And it was for part of a down payment.

[B]

It doesn't sound right.

[A]

Even 8% you're keeping up with just the average stock market return from beginning to end of forever. Yeah, that's the average for a down payment. That's stupid. You could have got like a daytime.

[B]

Listen, listen.

[A]

No, no, no, no.

[B]

I've got 50, $50,000 in my 401k. I'm 27.

[A]

I was the person talking. I'm gonna talk.

[B]

I feel like I'm doing pretty good.

[A]

I was the person talking.

[B]

I'm just saying I feel like 50000 for 27 years old. Right.

[A]

You're relatively on track too.

[B]

Am I on track?

[A]

I'm gonna finish a thought. Shut the up. You're gonna be to the close to that 65000 that we'd want you to be at 30 that part own any of it. You're going to borrow half of it and you're going to be paying interest. All the return that you're going to be getting is going to be eaten up with that. Because again if I, if I open my brokerage right now moomoo and I open my moomoo out great. And I buy some S&P 500 that's averaging like a 10%, 10% and if you're at 11%, 11% or the 8% of the average stock market gain up down all years combined, you're not being it. You're losing what you are supposed to be doing which is taking advantage of time in the marketplace right now. Time that is your best wealth building tool is time in the market.

[B]

I feel like I'm ahead of like where people for my age normally are.

[A]

So in certain ways. But again that whole. You're going to borrow against half of it. There's 50,000 in here but 8,000 is the outstanding loan. So again it's just like you're really at 42. You have 42,000 vested. So like, and then it's gonna. You're gonna have like 25,000 vested once you're done with your little plan here. What's the payment that comes out of your pay for this 401k loan on a monthly basis?

[B]

It's like a hundred and something dollars.

[A]

And what do you invested it that's gonna take for. Wait, but at 11, that's gonna take forever to pay off these 401ks.

[B]

Because like 11 seems like a lot. Maybe it's 6.

[A]

No, you can't go from 11 to 8 to 6. You don't know. And also, if your credit score is at 5. No, it's not 500. My credit score in the fives. It's absolutely not.

[B]

But when I bought my house, it was in the 700s. Like high 700s. Almost 800.

[A]

That still takes forever to pay off. And even still, Regardless if it's 530, your score is 530. So if you pay off this 401k. How, how. What did you do to up your life so bad? Wait, why'd you go from being in a position where like you were ahead of the game to like starting to destroy things?

[B]

So how.

[A]

How did this happen?

[B]

I. Like we were talking about at the end, we got super sidetracked, right? But I ended up leaving my job, right? And I was only gone for eight months.

[A]

But what do you mean only eight months? You do not understand a single thing in this world. Only eight months. That is significant. What did you do?

[B]

So during that eight months, wait, did.

[A]

You get fired or did you leave?

[B]

No, I left.

[A]

What was it?

[B]

So it was nothing to do with like the job?

[A]

What was the job?

[B]

Oh, it was what I currently do. It was.

[A]

What did you do for eight months? Why'd you leave?

[B]

Okay, so you know I had my little. My little breakdown, right?

[A]

Oh, yes. Because the dude who was a million years older than you, who had a kid, was sticking it in constantly.

[B]

He's not even.

[A]

And you couldn't leave. You couldn't leave him. You couldn't get away from him because you just keep going back like an addict. Go on and add dick.

[B]

Get it to death. Still do. But anyways, that's.

[A]

Are you ever going to live a life? You ever going to find someone? No, you're not. At that point, if you're just addicted to this dude who's a million years older than you, who has a baby and a lady, he is with, the one that created the child with him, you're never going to have A life that's so sad to see. I don't want you to do that. Major channel announcement. Budgeting. Budgeting. Budgeting. It's a new year. We're all trying to budget. We're all trying to make it a little better, trying to improve our life. A lot of people on the show, a lot of people out there that I've heard from, they try to start a budget, they can't stick to the budget. It's because it's all too damn complicated right now. You use any of the budgeting apps out there and it's crazy. It's hard to know what's even going on. It's impossible to set up and it's a chaos to manage. That's why over this last year, I did the thing, I made a budgeting app for for you guys. This does not need to be complicated. You're trying to take control of your life. So it should be simple, it should be chill, it should be easy to set up and easy to manage. I've called it simpler budget because that's all it is. It's your simpler budget. But we up the Antony with continued education and an ad free version. In the premium version of Simpler Budget, you can track your spending, set goals and stick to a plan that actually works by connecting to all of your bank accounts automatically. No manual stuff here. There's actually weekly live sessions with financial professionals to answer your questions and keep you on track. They'll be teaching lessons and you can ask them things and they will actually help. There's also weekly mini classes keeping you up to date and educated on every financial topic you need to improve your life. Plus, for a limited time right now, you get access to our new Budget friendly cookbook with 55 money saving recipes to eat well without overspending. And because I love you guys and it's a new year, literally anyone who signs up for the month of January gets all of this, including premium for free for a month. It's time to actually make a budget and stick to it. For the first time ever, let's take control of our 2025 and make this the best year ever. Download the Simpler Budget app today. A link in the description below. This budgeting app will change your life. Can I give you free three free therapy sessions and please talk to them about this with our partner, Sonder Mind, can you please?

[B]

I don't need like any therapy. I'm good.

[A]

You are not good. You're the opposite of the good.

[B]

Me, myself and I, we talk and we're good. Like 100%.

[A]

You cannot therapy yourself at all. You're obviously beyond up and you keep going back to sky. I just want you to be able to live a life. I want you to be able to live a life. It would be so sad seeing you hung up on this dude all the way through your 30s and 40s.

[B]

We are done. Like, we're not. We're not doing it for now.

[A]

You've gone back and forth for six years.

[B]

It is a long time.

[A]

I think we're going to call him on my number in the post show and I'm going to tell him to get the away.

[B]

No, no, no, no. If we call him, you have to be quiet and we'll just. We'll just talk me anyhow.

[A]

We'll do that in the post show then. We'll do that in the post show then. Okay. Shut the. For me. Oh my gosh, this conversation is a mess anyways.

[B]

You keep getting me sidetracked. Let me tell my story. So this is a good story, right? I quit my job.

[A]

Story time, financial audit.

[B]

So like I left. I left my job for a minute, right? And I went on. So my brother was getting married. I went on the bachelorette trip in Florida and I was in bronze nine months. My. No. And I was a bridesmaid. So like I had to pay for. And this all goes into like the credit cards, right? So I paid for the hair and makeup and the dress and some of that, not all of it, but some of it went to the credit cards. And then I went on the trip to Florida, the bachelorette trip. Some of that went on to the credit cards.

[A]

And then direct buy 40 year old male strippers.

[B]

Directly after the wedding, I went to Disney World with my nieces. And then after that I took a little road trip.

[A]

How much was Disney?

[B]

I was road tripping.

[A]

But why not work during all this?

[B]

You can't. You can't work and do all that traveling.

[A]

Wait, how much traveling were you doing? Was this back to back to back or was there any gaps in between? Cuz if you took a couple days off at her job to travel somewhere.

[B]

No, at most it was like a week in between these things. So like why.

[A]

Why do all this though?

[B]

Well, why throw away everything in all seriousness?

[A]

Wait, and you already owned a home?

[B]

No, I didn't own the home yet. I didn't own the home.

[A]

Oh my God.

[B]

So like, in all seriousness, I was having like a really hard time.

[A]

Yeah. Meaning, hey, maybe you should actually talk to a professional.

[B]

And you know, it just seemed like everybody else in my family was like, kind of like moving and like their worlds were turning and mine wasn't. Like I wasn't doing anything. I felt like I was just working constantly, constantly, constantly. And like, I don't know, no offense.

[A]

Won't it feel like that if you're endlessly hung up on this dude? Won't it feel like that forever? Yeah, and I think you'll have these spells constantly.

[B]

Part of the issue was like, it was just everything that was going on in my life. Right. So anyways, I ended up leaving my job. I did the Disney thing and then I went on a little road trip. I was planning on going like from Tennessee all the way around.

[A]

All the way around.

[B]

All the way around the thing.

[A]

The thing.

[B]

Yeah. But anyways, I got to South Dakota.

[A]

Okay.

[B]

And then I ended up turning around.

[A]

It's the classic road trip destination.

[B]

Have you ever been? It's pretty.

[A]

Nope. Okay. So that was nine months.

[B]

I went to South Dakota and then I came back home.

[A]

That was all nine months?

[B]

Well, it was. No, it was eight months during this whole thing. It was.

[A]

You could have worked in there. That was not enough for eight months.

[B]

Well, I wanted. I wanted to take. The plan was to take like a six month hiatus and just kind of like.

[A]

And you got your job back. Like that.

[B]

It was to reset my mind.

[A]

Come on. Yes. You got your job back. Like that.

[B]

That hurts.

[A]

You got your job back immediately.

[B]

My feelings.

[A]

I don't give a.

[B]

Well, I mean, yeah, cuz like I'm a good employee, right? Like I feel like I do a.

[A]

Really good job at my job. Leave without warning for nine months.

[B]

You know, I think I'm. I feel like I'm good at my job and obviously I am or they wouldn't have wanted me to come back. Right. So I actually got a phone call from one of the people that I had worked with previously.

[A]

I'm just starting to think the talent pool in that town with five people might be small.

[B]

With five people? Come on now. I don't think so. I think it was me, you know, because I'm just me. Right. You had to be there. Anyways, so I actually got a phone call and it was like, hey, do you want your job back? And I was like, yeah, because I'm.

[A]

Kind of like, I wasn't 2, 000 people.

[B]

I wasn't running. What is that the Florence?

[A]

Yes.

[B]

Yeah. It's a small town.

[A]

What do you. Where do you think you are financially right now? This has been a mess of an audit. Usually I ask this more early on, but it's whatever, like, you got sad. Where do you think you are? 0 to 10. You're being the absolute worst. 10 being the absolute best in your finances today. Where do you think you are?

[B]

I think I'm a two.

[A]

Okay. Yeah. Okay. If you want your Hammer Financial score, it's free. Link in the description below. Figure out where your finances stand. And if you want to be on this show, you want to come down here, Austin, Texas, get a little. But it's also fun. It's a good time. We all have fun. You having fun?

[B]

So far, so much fun.

[A]

Okay.

[B]

All of it.

[A]

Yeah. Go to caleb hammer.com apply. We'll have you here. It'll be a good time, and I look forward to that. And we'll connect you to the resources. Like, we're going to connect her with. Please do the therapy. You need it more than almost anyone I've talked to recently.

[B]

Oh, my God.

[A]

I'm not even kidding. That's not a joke. It's not an insult. Do it.

[B]

Do you really think that?

[A]

Yes. I encourage therapy. I do therapy. Therapy's good. Regardless of where you're at, you could be perfect and therapy would still be good.

[B]

I don't really, like, I don't do that whole thing, you know, like, the mental health. I mean, I support it. You got to be in close.

[A]

Why not do the whole thing?

[B]

I don't do that whole thing.

[A]

Why not do the whole thing?

[B]

Fine.

[A]

You're not. Fine. You're not. Objectively.

[B]

I feel like I am.

[A]

How do you think that, though, you're here?

[B]

Well, no, I mean, financially, I do need, like, I got a little bit sidetracked and my finances got off. But previously I was doing really well for myself, I feel like. Especially for my.

[A]

How'd you meet him, by the way?

[B]

We met at a tattoo shop. He was the tattoo.

[A]

Where you find the best man.

[B]

He was the tattoo artist. But, you know, we really. And you're gonna love this part. I felt like when we first met because, like, I don't drink and I don't smoke and I don't do any of that kind of stuff.

[A]

You're just a degenerate in every other way, kind of like me. It's fair.

[B]

But I don't do any of that kind of stuff, and neither did he, you know? And, like, we were kind of talking about how, like, neither one of us drank or smoke or anything like that.

[A]

Just 20,000 of the 42,000 that live there are all his children.

[B]

We kind of you know, it's hard to find people like that. It really is.

[A]

They don't like you might need to go out and explore a little bit in life.

[B]

Well, no, that's okay.

[A]

Whatever. Whatever. Stop it. What is this first thing that I'm even looking at? Because here's the thing. Here's the thing. You ready?

[B]

Here it is. Okay.

[A]

You owe for. You owed 8224. Now you owe 8411. What is this? Is this a credit card? Bread, Cash back.

[B]

What the is that they're giving you cash back on the bread? I don't know.

[A]

I don't see any cash back happening. You know what I see? I see $41 in fees because you're late because. Cuz you're late because you're not paying it. You make good money. Especially for that area. Especially for that area.

[B]

But the. I haven't spent on that thing since like November of last year.

[A]

How does that matter? You make over. You make triple the median income in your city. Triple. Triple the median income. Yet you are late on a credit card. You're not paying on it.

[B]

Yeah.

[A]

Good first step. Why not make any payments? Why be late? I don't understand. Why have such a credit score? Your choice. Why do that? Why live in this situation?

[B]

When I first bought my house and I first like moved in and everything, I did not have enough money to cover all of my bills and my house.

[A]

Then you couldn't have afforded a house.

[B]

Well, when I did the like, when I calculated my payment up and everything, like I was 200 short based on how much I was making. But I had a plan.

[A]

How'd you get approved? They'll approve a lot of people for a lot of bad loans. But if you were 200 short based on your own projections, how the.

[B]

My credit score was really good and my.

[A]

That's not. That is not. You said with your income you're 200 short.

[B]

Well, I was estimating everything. Like I was estimating the water and the electric and if you see your.

[A]

200 short, why would you get it? Why would you possibly get it?

[B]

I needed a house and.

[A]

No you didn't. You could have rented. No, you did not.

[B]

I didn't want to rent. And then I have my.

[A]

What you could have.

[B]

I have my little puppy dog. So.

[A]

Yeah, I've had my puppy dog in apartments.

[B]

It was really hard to find somewhere that was like would let you bring pets. And I found one place.

[A]

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[B]

Caleb I found one place and the rent was 1600amonth.

[A]

And I was like, what's your mortgage?

[B]

It's 1480.

[A]

You could have looked. You totally could have looked more. I know people are not willing to look enough on the show. That is just an endless common thread when it comes to loans.

[B]

Shopping have like A time limit, because I was actually moving to what? I was moving out of Tennessee.

[A]

What time limit?

[B]

I was moving out of Tennessee.

[A]

Yes. What was the time limit?

[B]

Alabama. It was like I had a month.

[A]

That's reasonable. Would I prefer two? Of course. But I've done it in a month. We've all done it in a month. I've done. When I moved to Austin, I did.

[B]

It in a week with the puppy. With a cat, I feel like that's different.

[A]

It's worse that piss stains and they rip up carpet. Trust me, as a landlord, I would rather someone have a dog than a cat.

[B]

Yeah, I guess that's true. Because they do tear stuff up.

[A]

Yeah.

[B]

Unless they're litter box trained. And then it's a little bit different. But I couldn't find anywhere that was like a reasonable price where you could bring a pet, so. And then.

[A]

No, you did not.

[B]

Look, I know I was like. You did not let me invest to that town. I wanted to invest in something.

[A]

Yes, I agree. But it's not an investment if you. If you can't make your payments.

[B]

Like just throwing money away at rent.

[A]

I felt like it's not an investment if you can't make the payments.

[B]

But I had a plan. You didn't listen to.

[A]

What was your amazing plan? So was it as good as winning that guy over? Because that's worked so well.

[B]

The plan was so like, that town is kind of like a college town. So I was gonna doordash for like the extra money. That was the plan. And I did doordash for a couple months. But then I actually got a raise at work. So it was that.

[A]

What were you making and what do you make now? Oh my gosh. That time is middle of nowhere. So my body is really in the middle of nowhere.

[B]

My BI weekly was 14 and then when I got my raise, it turned into like an 18 or 16. Maybe it was 16 and then turned into 19.

[A]

But now you're saying because the mortgage is hard or whatever.

[B]

Plus, like the door dashing was really not the greatest investment because the gas was. It was like almost $3 a gallon, which I know other places is a little bit more expensive. Expensive, but for me, that was expensive and I wasn't really making that much money.

[A]

Why aren't you making these payments now?

[B]

I think I'm so short money. If you look at that.

[A]

Well, that's what happens when you spend a thousand five hundred more than you make is six hundred now because you're behind payments. You. That's what happens. You. That's what happens. What do you think happens when you are behind on payments? It was probably like a 50 minimum monthly payment.

[B]

No, it was always, like, pretty expensive, that card.

[A]

You don't know. You haven't made a payment in.

[B]

Dude, you have to start with it was like 400, and now it's like 600amonth. And it's just too much money for me to pay. Listen, it's just.

[A]

Listen, you've had five missed payments, so there's no way it's that much. So this is actually likely with that $41 fee. Yeah, 41 times five. So 205. Minimum payment was likely two. No. Okay, then you. And then divide. And then divide over five. Your minimum payment was about 48 bucks.

[B]

No.

[A]

Yes.

[B]

No way.

[A]

Yes.

[B]

It was never 48. Like, if it had been 48, I would have.

[A]

There's no way this math makes sense. Then with those fees added, which would be. No, that'd be added to the overall bounce. Okay, one second. Let me think, Let me think. Let me. Shut, shut, shut, shut, shut, shut, shut, shut, shut.

[B]

I would have paid 48.

[A]

There's no way it was likely 89 because it is stacked up for five months.

[B]

It was not. No, it was not.

[A]

I'm gonna say 100. I'm gonna say 100. I'm Gonna say a 100. But I also don't think, you know a single thing.

[B]

I think 100 is a little. You're like, You're. You're a little bit low that. But 100 is more. More. It's like, closer to what?

[A]

How can I trust you in any way to be a reliable narrator for your finances? You are not able to adequately speak on anything we've talked about so far. Listen. 205 in fees this year. $1,777 of interest this year so far. That's disgusting.

[B]

Yeah, it's a lot. It's a lot.

[A]

Disgusting.

[B]

Not good. Not good, not good.

[A]

That's insane.

[B]

But, like.

[A]

And you don't give a. Why not make the payment? I still don't understand. Because you say you have too much. Because you say you don't have enough. You spent $1,500 more than you made this last month.

[B]

Like, at one point, your mortgage is 12. At one point it was.

[A]

So your mortgage is 1200.

[B]

No, my mortgage is 14.

[A]

Your mortgage is 1400. Congratulations. Net.

[B]

You might as well say five shut.

[A]

That's not. How have you. Your mortgage. Your mortgage is 37% of your income.

[B]

So wouldn't you round that up to 15. Or it's 14.98. So wouldn't you round that up to 15, 1498.

[A]

Like we're literally a couple $3,708. Basically, it's 40 of your income. 40 of your income. That means you have 60 left. Is that a little on the high side? Absolutely. But that means you have money left. And of course, you also said you get these bonuses.

[B]

So regardless, not bonus is not plural. The one.

[A]

Okay, you get the bonus. If you're suggesting you can pay off an $8,000 loan with a bonus, then that is a substantial bonus, lady. So that means likely for your entire annual income, your mortgage is probably closer to about 37% of your income. Okay? Meaning you have a substantial part of your income left. That is not why you did not pay a 100 minimum monthly payment or even stacked up. That is not why you are not paying a $650 payment.

[B]

Now, I was there for the whole thing. I felt every second of it.

[A]

You're not anywhere. You don't live in reality, you're nowhere. You are not on the same plane that we all are.

[B]

There was a point in time last year when I could not.

[A]

46 minutes into this thing, I'm going.

[B]

To the second D. I couldn't even buy gas. Like, it was that bad. Like, I was struggling.

[A]

It can't be because of your mortgage, though, because we know your mortgage at Its worst is 40 of your income. So other expenses are being done somewhere.

[B]

My electric bill was like 300 during the summer, which, I mean, I'm sure.

[A]

That does not make it up for. We'll do the budget at the end. We'll do the budget at the end.

[B]

It gets hot during the summer, and I'm not used to having did like. So I have a three bedroom to dead. Like, three.

[A]

What you're not used to what?

[B]

I'm not used to, like, having to, like, heat and cool.

[A]

What was the word you said? Why can I not understand you? What is the word that you said? I'm not used to having dead.

[B]

Like, I didn't say that. What are you talking about? And I'm not used to having to, like.

[A]

Am I having a stroke? Am I having a stroke? Or are you inaudible with your accent?

[B]

I think the problem is, do I.

[A]

Need to find a. Like a. Like a homeless hillbilly to translate for you?

[B]

Not the homeless hillbilly. No, not the homeless hillbilly. I think the issue is that you're not from the south, man.

[A]

South. But I live in Here.

[B]

Yeah, but the Texan accent is definitely different than.

[A]

I don't care. This is not a conversation. You have a car?

[B]

I do have a car.

[A]

What's your car?

[B]

So I have a Jeep.

[A]

Renegade year 2015 miles.

[B]

136.

[A]

I think we should prepare for the worst. Jeeps aren't historically known for being the most forever reliable. Not for being the worst either, but okay. How's she doing?

[B]

She's not doing great.

[A]

Like that's what I would expect.

[B]

This weird thing when you go to like take off, it's like.

[A]

Take off? You mean accelerate? Like when you drive?

[B]

Well, like when you push the gas.

[A]

It goes boom boom. Oh, we're so sorry to hear about your brother that passed away. He gets five big boys. Booms. Boom boom. What's boom boom? Boom boom.

[B]

No, not the boom boom.

[A]

No, what does it do?

[B]

Not boom boom. It goes like. It's more like. Let me. Okay, so when you.

[A]

That sounds potentially transmission related.

[B]

Yeah. Or.

[A]

But I also have no idea what the you're talking about. I cannot translate, dude. I can barely listen. I can barely understand the words you're saying. When you start talking in sound effects, I do not know what you're saying.

[B]

So I feel like it might be a filter issue because like, I think the filter.

[A]

Filter what?

[B]

The air filter maybe, But I had that change, so. No, I don't think so. Like not getting gas or something.

[A]

It's like, how'd you find your way to Austin? How did you get here without getting lost?

[B]

Listen to me. I struggled to get onto the airplane.

[A]

I am not surprised.

[B]

It was like amazing there. And I looked at the map too.

[A]

$9,070.

[B]

Yeah.

[A]

Owed on a breaking down car. A car with a transmission failure.

[B]

Like when I bought that car, they told me that it had one previous owner. And funny story, I went to the Publix, right? And I parked beside this really cool Jeep Wrangler.

[A]

That is funny.

[B]

And anyway, the guy comes out, as I'm getting out of my car. The guy that drives this Jeep Wrangler gets like. Is coming out of the store and we like meet each other and he's like, oh God, my God, that's my cards. And I was like, oh yeah, like it sucks. I didn't say that to him because I felt like it would have been rude and it maybe would have offended him. But like, seriously, the car is not the best. But anyway, it was a one owner vehicle. He was like the owner.

[A]

That was your story?

[B]

Well, he was telling me about it. He's like, oh, that was like, right off the lot. I bought it off the lot. Like, great car.

[A]

And I was like, I doubt you're maintaining it because you probably don't even know where the oil goes, dude.

[B]

But, like, that's not for me to do, though. That's for somebody else.

[A]

Yeah. If you actually take it.

[B]

Yeah. Right. And I do. I try to maintain it.

[A]

The lights start blinking in there and you're like, oh, it's Christmas time.

[B]

I don't talk like that. That hurt my feelings again.

[A]

What is the interest rate on this car? Possibly.

[B]

Now that's.

[A]

Wait, I think I did this wrong.

[B]

That's a lot.

[A]

11. Wait, hold on.

[B]

I think that was the 11. The other one was 6. This is 11, I think.

[A]

Yeah, I said 11. 11 on a car that is breaking down. What are you gonna do? Insurance isn't gonna cover.

[B]

Well, we don't know that it's breaking down. We just. It's got the something.

[A]

Yeah, that's. That sounds when I had a Nissan Altima and the transmission started to go, which isn't a brutally expensive fix. Yeah, well, I mean, you know, foreign in that part, but makes it more expensive either way. Yeah, that's how. That's what it at least sounds like.

[B]

Hope not.

[A]

But, but, but, but that's what makes me nervous is what's the what. But what is your minimum?

[B]

Listen, but my other plan was like, okay, when I take this other 401k at loan out and I get a little bit of extra because I can pay off all of my stuff, then I can pay off that and I can get another vehicle that's like, better and not breaking down with like the extra from the 401k loan.

[A]

What's the minimum payment for the car? Listen, if you get a 401k loan, it's going to be like 13 for you. This is. It's not going to make the difference.

[B]

And I feel like I need a little bit more education on the 401k.

[A]

Loan because transmission for you with that car is going to be about 3,000 to 4,500. And then obviously it's going to be labor. So it's probably going to be like a $5,000 job.

[B]

Yeah, that's a lot. It's not worth it, honestly.

[A]

But you don't have the money and you're just going to borrow against your 401k forever. What's the point of having built it up in the first place in your case, especially if you borrowed it? Well, beyond what it's going to make on average your minimum payment. 270. 297.

[B]

Yeah. Kind of expensive.

[A]

We think it might be worth around 7,000 if in good condition. We don't know if it is. And they might catch on to that transmission thing if they run a transmission test anyway.

[B]

Yeah.

[A]

Okay, so 297. Are you at least making your payments?

[B]

Yeah, no, I make my car payments.

[A]

Why make that payment but not the last? So why are you picking a Tuesday? So why not the other one?

[B]

Well, I got behind on the bread cash back card.

[A]

No, I'm asking why I got behind on it.

[B]

Because I honestly was not making enough money to like pay all of my bills. Like I was having a really, really hard time.

[A]

Make triple the median income there.

[B]

Yeah. But I have like, I have the house by myself and then I have like the water, the electric car payment, insurance, like gas. Gas was really expensive for a minute there. And that was. That was.

[A]

You're not budgeting. You are not budgeting.

[B]

That was tough.

[A]

Go through our budgeting class for sake, please. If you are even able to figure out how to log in. Go through the investing class. Go through. Because that's important eventually. I don't know what funds your 401k thing is in it actually. Very curious. Let's talk about that at the end. And also go through the debt class so you can at least understand how to utilize that in a beneficial way and how to pay off bad debt with different strategies. Do that. It's all discounted for you guys, all bundled together for 15% off. I recommend anyone go through it, but go through it because you get it for free. Okay. Please.

[B]

Like a lot of expenses. And then my mom lives with me. She's.

[A]

Your mom lives with you?

[B]

She does.

[A]

Hold your mom. Wait, why does she live with you?

[B]

Well, she's. She's in her 70s. Right. She had me. Okay.

[A]

How's her house?

[B]

She's. She's okay. I mean, she's. She's not able to work or anything like that. So, I mean, I do take care of her.

[A]

70. She had you kind of old.

[B]

She was 42 when she had me.

[A]

Okay. Why did she live with you?

[B]

Well, she. She was. When I moved. I moved from Tennessee to Alabama. She stayed in Tennessee and she just wasn't doing well. Like she was there by herself. I think I was gone for about four to five months and she just, like I'm saying she was not doing well.

[A]

Yeah.

[B]

So I didn't want her to be there by herself.

[A]

Well, I agree. I agree with that.

[B]

Mentally and physically. Not okay by herself. So she came to live with me.

[A]

No, I fully support that. Totally.

[B]

Cool.

[A]

So I mean, but what is the added expense for you on that? Are you like taking care of groceries? I'm sure she's getting some kind of Social Security.

[B]

Yeah, she does.

[A]

And okay, so what is the added expense on your end?

[B]

She buys the food for the house for the most part. Like she keeps.

[A]

You have no reason to be behind on bills. In what world?

[B]

This is what happens. Okay, so like if I wasn't, if I was living by myself, right? Like the water wouldn't be going. Like I work constantly. No water, no electric. Like I feel like my bills.

[A]

She can't be using that much.

[B]

She'd be taking a shower like every five minutes. I don't know what to tell you, but like an electric stays on, you know. Whereas if I, if it was just.

[A]

What's the square footage of your house?

[B]

26.

[A]

Yeah, that's decently sized. And if you don't have like official.

[B]

Bedrooms, three bathrooms, there's a garage like.

[A]

Well, yeah. And if, if the air is leaking or stuff like that. Yeah, that definitely makes it more expensive.

[B]

Like my electric was like three hundred and something dollars.

[A]

You have a capital one save your card. How about we talk about that 5615.16 on it.

[B]

Yeah.

[A]

With 186 minimum payment. So this doesn't make any sense. This really doesn't. You have a six thousand dollar credit line limit. You're pushing it towards that. You started at 5,300. You made the minimum payment. But then you purchase almost $300 of things. Why would you purchase on a credit card that is accruing interest that you are not paying off, that you can't pay off $130 in interest.

[B]

I had no money on my debit card and I have to leave a little bit in there because.

[A]

Yeah, you had no money on your credit card. So. So you should purchase all the cuz hap 90 of his.

[B]

I don't know about that. Let me. Let's look at it because I don't feel like it is if it's TJ Maxx, that's like I feel essential.

[A]

Little Caesars Sheen going in Speedway and getting in a sippy drinky. Bullshit Jacks going in and getting a drink from Speedway. Five Guys Pizzeria, Ruby Slipper. Yeah. Necessity, huh? Not even one T.J. maxx on there. But that's your sheen.

[B]

So that was when we went on vacation. And the Ruby Slipper place, your vacation.

[A]

You can't afford to go on vacation. Where'd you just go to vacation? You can't afford that.

[B]

I told you I'd been saving up for it though.

[A]

Let's be real. If your mental health is off, everything else feels off. Your relationships, your job and yep, even your finances. Ever wonder why you keep making those constant bad money decisions? Maybe it's because you're not taking care of your equally as important mental health. And that's where today's sponsor Sondermind comes in. Sondermind makes mental health care easy to access and personalized to you. They match you with licensed therapists or psychiatrists who actually get it. Plus, if you want more control, you can search their directory to find a provider that fits exactly your needs. And this isn't some random online chat. You can meet with your therapist in person or online or whichever works best. And do you need extra support between sessions? Their apps get you covered with self care tools to keep your progress going. And the best part, Sondermind works with most major insurances, so you're not wrecking your budget to get help. They've got you covered in 48 states and Washington D.C. meaning your mental health support is just a few clicks away. Investing in your mental health isn't optional, it's essential. So head to Pages soundermind.com Caleb to get started or click the link below. That's pages.sondermind.com Caleb Seriously, 2025 is the year you get your mental health in check. So try out Sondermind today.

[B]

And it was pre planned. It was.

[A]

How much did you spend on that occasion? He essentially. Essentially you know what he did? He spent money so that you could spend more money. It's one of the gifts that makes you spend more money. It happens. Well, for our boy Jake back there, for his birthday, you know, boys came together, we gave him a gift card to build a new fish tank. But honestly that just means he's gonna spend more money.

[B]

Well, I guess so this is what.

[A]

Happens if he pays for your vacation, but you're gonna go spend money on food.

[B]

It was the first of all, it was the ruby.

[A]

How much did you spend?

[B]

It wasn't much, honestly, because I actually wouldn't know. I went to Publix and I bought him, I bought some of the stuff that we like, you know, stuff to eat and like little snacky stuff. So I wasn't going.

[A]

You spent 40 at Publix?

[B]

Yeah. That was like a week's worth of little snackies.

[A]

Yes. And then you went out to eat A lot of times. And you go inside the gas station and get some. Then what are you stopping a speedway for and getting for 2.50 coffee. Shut the up then. Okay, lady.

[B]

Sometimes when I'm so sleepy.

[A]

Oh my gosh. I hate you. Okay. 28 interest. I wonder he chose the other woman to have the child with that cut.

[B]

A little bit deep.

[A]

Maybe you should cut up your credit cards instead.

[B]

Instead of what?

[A]

Said that cuts deep. Cut up your credit cards. Change your life. Take control for the first time. Act like an adult for the first time in your life.

[B]

No, I. I am, I think, like very mature and very.

[A]

That's a good joke.

[B]

For 27.

[A]

I feel like I'm Q27. You're going to borrow against half your farm 401k. You're not making your minimum monthly payment on one of your two credit cards. And then on the other credit card the balance is going up because you're spending it on bull. Shut the up. You don't know what you're talking about. Okay, okay. Maybe even more resources. Maybe get an accounting certification through course careers. Take that so you can learn how to account your own. Use the fizz card because it only allows you to spend what's in your checking account so you're not being a dump. And sit down with the financial advisor that I use. Shut the up. Sit down with the financial advisor that I use. At Domain Money, you get a free session just like everyone else in the audience. You get a free session with them. Okay? Go through those. Use our damn resources.

[B]

Yeah, but I will say with the credit cards, I was doing really good when I first got the credit card.

[A]

I don't give a. Because you're not now. That means nothing.

[B]

But I mean, I built my credit up to.

[A]

To like 700 and now it's 520 or whatever. So I don't give a like 20. Like why are you jerking yourself off over your past? Your past doesn't matter what you're doing now. I ton in the past. I don't shame myself for that. I focus on now and what to do in the future. You don't get to get all excited.

[B]

Because I know how to use credit cards. I know how to use it.

[A]

Why aren't you doing that? How about that?

[B]

I just got in like a really bad position.

[A]

Yes. A long time ago now. So why haven't you fixed it? You're not making a minimum to payment on one or two of them. So what the are you talking about? You're bullshitting me.

[B]

Well, I didn't. And now this is for real. For real. Right. I wasn't necessarily, like, educated on how to pay them off. So I had all three. I had three credit cards. Right. And they were all pretty high. So instead of, like, paying one of them off completely or, like, the highest, like, interest or something like that, I just put money across the board. And then after I did that, I realized, like, that probably wasn't the best decision. I probably should have.

[A]

Is there any reason you didn't Google how to pay off debt?

[B]

I just didn't.

[A]

Exactly. This is so simple, guys. You can literally look this stuff up. Really. You know, the. The interesting.

[B]

I just never.

[A]

You know the interesting thing? This show should not exist. Even our classes shouldn't exist. The thing is everything you can just figure out, but no one's able to. So we have to put it in. We have to put in the work and package it into consumable areas, into the show, into the education.

[B]

It's not something I thought about Googling.

[A]

I know, but you were thinking about it because you were doing actionable steps of putting money towards your debt.

[B]

Yeah.

[A]

You could have Googled three seconds.

[B]

I was trying to pay them all off, but that.

[A]

Here's your 401k loan. $8,000. Great. Kill me now. What are you invested in? What's your 401k invested in across the board?

[B]

It's mer. Merrill Lynch. I don't know what specifically. SRP.

[A]

No, like, what's the fund that you selected to be in Merrill Lynch?

[B]

I don't know what you're asking.

[A]

That's likely. The manager of your account might be. Yes. In there.

[B]

Yeah.

[A]

Are you in the s and P500? Are you in a target date retirement? What might you be in?

[B]

I'm really not sure. I think it's the. Listen, I just contribute, okay?

[A]

I know, but if you're contributing, it's not doing anything beneficial, then what's the point of contributing?

[B]

Well, obviously it is because it's grown so much. Right. But so I never really just, like, invest.

[A]

So maybe it's following the general market. Maybe you're in a target date retirement fund, and since you're younger, it's a bit more on the aggressive side.

[B]

Yeah.

[A]

Okay. Jake, look deeper into the document sense and looks like it's a target date. Okay. Just a normal person kind of makes sense. It goes a little too heavy on the bonds for my taste later on, but, you know, for just someone who doesn't want to think about it, it's certainly not a bad Thing. Checking account. Okay. Basically the money that went in went out. So. Great. Okay, well, we're blocking out the store name, but every single one of these is a store. What are you doing at your work? $2.76 at your work. A dollar ten at your work. Eight dollars at your work. Well, no, then you went to Wendy's, and then at your work, $2.26, then $2.62 Taco Bell. Then at your work, you did $2.86 at your work, $3.29 at your work, $4.63. You're obsessed. You're out there. You're walking down every aisle and shoving everything in your throat. Throat.

[B]

No, not at all.

[A]

What are you doing then? Because this is. They're supposed to be paying you, not you paying them.

[B]

It's just like when you're right there, right? And like everything.

[A]

When you're what? There.

[B]

When you're right there at there.

[A]

Okay.

[B]

Right there. Right?

[A]

Oh, when you're right there.

[B]

Yeah.

[A]

Oh, lady.

[B]

At the store. And like, I mean, obviously you can get whatever you want there. They have everything there. And like, I always need a Red Bull just to like. Because it's a lot. It's a lot.

[A]

Why are you buying individual Red Bulls? Go to a place where you can buy in bulk, even at the store you work at buying bulk and put it in, like, the employee refrigerator.

[B]

I try not to drink Red Bull because it's really bad.

[A]

Yet you purchase it every day at work. So this trying has failed. So just either quit or do it smart.

[B]

Well, I quit for a while, you know, like a long time. I quit drinking Red Bull because it's not good for you. And I don't agree with drinking Red Bull.

[A]

You're on this statement as a Red Bull purchase every other day.

[B]

But when you're there and, like, you're.

[A]

Tired and like, so do it smart. If you're there, you can purchase a pack from the aisle.

[B]

Yeah, I mean, I. Yes.

[A]

And then that gives you at least four for a more affordable per ounce price.

[B]

You're trying not to drink them. Like, why would you go buy a whole pack? You know?

[A]

Cuz obviously this is not working. You just. You have to pitch the smart choice because you're not resisting. You're not resisting, but I'm trying. You can't resist Red Bulls. You can't resist gray hair on men. You. You. This is. You have to make the right choice. You need to move on from him and. And move on from Red Bull. Or if you can't move on from Red Bull. You need.

[B]

So are you saying if I can't move on from him, I should.

[A]

Huh?

[B]

Huh?

[A]

No. You should talk to a therapist about that. Yeah. This is every second of your life. And also, some of them are more. They're never the same price. So you're getting more than just a Red Bull. You're getting a snack and stuff too, sometimes. Or you're doubling up that bowl.

[B]

It's the small ones and then it's the bigger ones.

[A]

So it just depends on the day.

[B]

Yeah. If it's a bad day, even.

[A]

Still, literally not one of them were the same price. Like, there's. It's always different. It is always different. There is not one that was the same price.

[B]

Are you sure?

[A]

Yes. I have the numbers in front of my eyeballs.

[B]

It might be like a little. A snack with it.

[A]

As in the thing I just suggested 30 seconds ago, but you couldn't comprehend.

[B]

Yeah, maybe.

[A]

My gosh.

[B]

But normally it's just.

[A]

Oh, by the way, fun fact. I forgot to even mention it on the credit card that you were at least making the payment on. You have missed, like eight payments this year so far. Late. So it's not even like you paid those payments on time anyway. Normally.

[B]

But that was back when. That was before. Before I got my raise and I really was having a hard time.

[A]

What was your income again? Before the raise?

[B]

So it was 16 every month? No, every. Every bi weekly. It was 1600. Yeah, it was 16 bi weekly.

[A]

Okay. Yeah. You got a 500 raise. That's great. On a monthly basis. 500amonth net. I mean, no, no good brace for sure. Should not make or break your entire life with the price of your mortgage. That does not make sense. That does not make sense. You spend really ridiculously.

[B]

I was.

[A]

You spend ridiculously because you spent ridiculously. Lady, if you don't fix your habits. Yeah, there you go. Purchasing from your store. 597. Purchasing from your store. 229. Purchasing from your store. 428. Purchasing from your store. 1151. Purchasing from your store. You 890 Speedway. You went in and got another monster. Purchasing from your store. 322. Purchasing from your store. 411. Purchasing from your store. 424. Purchasing from your store. 725. Then you went to Dunkin Donuts to swipe switch up the kind of caffeine we're getting. Then you went Taco Bell. Purchasing from your store. $1.94. Purchasing from your store. $2.29. Circle K. Went in. Got a bev. Arby's did up the yellow deli. Expensive. $25. Speedway. Went in, got that coffee. Purchasing from your store, A$95. Purchasing from your store, $5.09. Purchasing from your store,$5.35. Sonic Drive in. Purchasing from your store, 2.76. Purchasing from your store,2.76. There you go. That's the same price. Purchasing your force from your store, $8.18. Speedway. Winning. Got a coffee. Coffee, Jack. S. Some restaurant. Purchasing from your store, $6.12. Or actually, sorry, that one's $2.76. Then. Oh, there's Marshalls. That's not TJ Maxx. And $17.56. Where are the TJ Maxx you keep talking about? TJ I didn't see TJ yet. Purchasing your from your store, 3.22. What the.

[B]

I think when I'm there, like, I just don't realize.

[A]

And then. Happy Hollow. $20.

[B]

Happy Hollow.

[A]

Surprise. There's no overdraft fees.

[B]

I don't.

[A]

But you do have monthly fees because you don't have enough money in there, so you're giving your bank $5 just to exist. Like that's a joke. That's a joke. Do you have any other debts that I don't know about? Any family debts? Any friend debts?

[B]

No, nothing like that.

[A]

You're surprised?

[B]

I just don't.

[A]

And what's up with your dad?

[B]

My dad? Nothing. Nothing.

[A]

Just. Just not with your mom?

[B]

Oh, yeah, no, they're just not together.

[A]

Okay.

[B]

Yeah, they're just not together, so. Okay.

[A]

I feel like if you have a lot of room left in your budget after I make you a budget, I'm gonna be pissed you don't have to pay for groceries.

[B]

Like, I really think that you will.

[A]

Say, well, I will see on my own. I'm about to find out. $3,708. What comes in debt? Minimum payments, 186 bucks. Wait, sorry. 583, probably. You know what? Let's say that minimum payment on that other one that you said is more is 200. Okay. 200. Okay. Minimum payment, 683. Mortgage.

[B]

Mortgage is 14.98.

[A]

What's your interest rate?

[B]

No, it's 8%.

[A]

On your mortgage?

[B]

Yeah.

[A]

When did you get your house?

[B]

2022.

[A]

They're raising rates in 23. Why was it so bad? Did they start raising at the end of 2022? When in 2022?

[B]

It was the beginning, so it was.

[A]

Why is your rate so bad?

[B]

I actually purchased it in February of 2020. 22. So okay.

[A]

Water, gas, electric, average it out.

[B]

Average for electric I would say is like 250. Summer months, it's more expensive, but keep going. Gas and then gas, water is like 75.

[A]

Combined.

[B]

Yes, it's combined.

[A]

Okay.

[B]

Internet, My mother pays for that.

[A]

So another phone bill.

[B]

That is 186 you on your phone. Well, my mom's phone is on there also and I own hers and mine, so.

[A]

Oh, on both?

[B]

Yeah.

[A]

Oh for like. Can't even get you to switch to helium for 15 bucks a month I.

[B]

Gotta take care of my mommy.

[A]

Well, yeah, but you can own the phones outright and then you can both be on helium. 15 bucks each. I'm paying them off T mobile service.

[B]

Yeah.

[A]

Okay. Gas room. Drive. Drive on a monthly basis.

[B]

Very expensive. So like my. I live.

[A]

Yeah, a number.

[B]

I live probably 60 miles away from work. So I would say on average a month it's around 3 to $400.

[A]

400. Car insurance?

[B]

Car insurance is 380.

[A]

TP fund. Anything else you need to survive 100. Your mom's Social Security cover her TP fund. You don't pay for groceries, nor do you need to because she does medical, health care, anything ongoing. You have any pets? You have a dog?

[B]

I've got a dog.

[A]

How much for pet food?

[B]

And then I have my little pinky.

[A]

How much, huh?

[B]

My little piggy pig. My pig, my pig.

[A]

How much for pet food on a monthly basis?

[B]

Probably around, I'm gonna say 70 because his food is a little bit more expensive. He eats a lot.

[A]

Okay. Do you have pet insurance on the dog at least? I don't know if pigs can get it.

[B]

I don't think pigs can get it.

[A]

Okay, get pet insurance or else you're being a selfish pet owner. I'm gonna call that 40 bucks a month. So no medical, healthcare, gym?

[B]

Yes. $30.

[A]

It's like 28 but 28 then. Anything else that needs to be in your budget that I have not taken account for?

[B]

I got a Spotify.

[A]

No you don't.

[B]

Yes, I do have a Spotify.

[A]

Well, we put in things like that after the fact. This is your needs. Come on.

[B]

Well, I cut off all of my subscriptions when I moved into the house cuz I couldn't pay for them except for Spotify because like I drive such a long way to work every day. You do.

[A]

Let's see if we can fit it in.

[B]

I feel like I need it.

[A]

I'm not against fitting it in.

[B]

It's like the only thing I have.

[A]

You can't fit it in.

[B]

Can't.

[A]

Nope. You are under by $2. See, I mean, literally, if you can't afford it, I mean, this is because your debt, minimum payments, you've allowed yourself to go up and you got a mortgage that honestly you couldn't afford. Then you financed phones you shouldn't have. Again, we get rid of the financing of the phones, you get rid of some of the minimum debt payments, even just one of them. All of a sudden you are able to not only break even, but start making progress. Cut the gym. Unfortunately, you have to go on walks around. Listen, we both do great. Listen. You're literally under by $2. So that only goes up. Jim is. Jim is.

[B]

You have to actually go into the branch and cancer shot for a second.

[A]

Jim is great. Yes. You do a little effort. Jim is great. You're just going to be focusing on home stuff for a bit and walking and jogging and stuff like that. Just until you have, you know, we have to cut everywhere we can.

[B]

Yeah.

[A]

And I'd rather you have pet insurance than a gym.

[B]

No jam.

[A]

Why you buy so far away from your work? Well, can you transfer to one closer?

[B]

No.

[A]

Why?

[B]

I just can't. There's no. There's. There's been no openings. I mean, there.

[A]

If there is, take it.

[B]

But not right now. There's not any.

[A]

But if there is, you'll take it.

[B]

I'll try.

[A]

Because if gas can go from 400 to 200, boom, we start making moves.

[B]

Yeah. Much easier. But that's why I'm saying, like, if I take out a 401k loan, and I know this sounds crazy.

[A]

No.

[B]

But sometimes it's not always like black and white, you know?

[A]

No, it's not black and white, but.

[B]

I was taking out the 401k loan and I pay off my car and all those credit cards, then it cuts that minimum monthly payment.

[A]

No, no, no. Because that doesn't make sense for you because your behavior got you here. Your 401k loan is a shortcut. A shortcut then is not good because it's also tightening up your retirement. And also it's going to be like 13, 14%. Is that better than some of the credit cards? Sure. It's not better than your car. Either way. Either way. Here's the thing. You're not changing your behavior. You didn't work to get out of debt. Shut up for a second. If you didn't change your behavior, your debt will go back up. It's happened a thousand times on the show. A consolidation Loan, a personal loan, a credit card transfer or 401k loan just to pay off a debt. Your credit cards go back up again. That's what will happen. I would rather you work to get out of debt because it's more sustainable. I'm not against personal loans or consolidations or debt forgiveness programs. I'm not against any of that. But you have to change your behavior as you're doing it. If you don't change your behavior you're going to end up in debt again. You're on track for being close to the right retirement for your age. That $8,000 is denting against it already. But you're relatively almost on track. You're going to start yourself. Here's the actual solution for you that I would personally do me. You said your schedule is unpredictable so does that mean the day is unpredictable?

[B]

Yes. So like I don't have the same days off and then I don't work the same hours schedule and then because I'm salary like if there's a need to stay over then you stay over and if there's a need to come in early you come in early.

[A]

I want you to get a part time job but I don't know how.

[B]

Yeah, with that schedule. That's why I was doing the doordash because it's like that's reasonable.

[A]

How was your DoorDash earnings versus gas.

[B]

And it wasn't good.

[A]

Yeah, I wouldn't think so. Especially in the town like that.

[B]

Yeah like the. There was no tips so I was making just what you make from like the actual doordash.

[A]

Yeah. The only tip you're getting is gray hair 40 year old. Listen, you're breaking even by at least cutting the gym. Yeah phone bill. I shouldn't have done that. You really shouldn't have done that. That really it off utilities you're gonna have room some months some room you're going to be over mortgage you can't afford. You bought your house in 2023.

[B]

2 2.

[A]

What's the remaining mortgage?

[B]

So I've got 176 left on it and I purchased it for 200.

[A]

Type in your address.

[B]

Fancy little computer. It's touch screen.

[A]

It's an iPad.

[B]

I like that. Listen I've got two acres of land too. I feel like I did well for myself honestly.

[A]

Pig ruins the solution. This solution. I'm not against the pig thing thing.

[B]

I love it actually you need to same. He's the cutest little baby. He knows how to stand for a second. Well I was thinking about Getting rid of him. I was. Because he keeps getting out of my pants. And I'm afraid somebody's gonna like, either shoot him because someone will adopt him. I don't think so. Like, where I work, there's a bunch of Amish people. Like, it's an Amish community. And I thought about maybe some.

[A]

But he'll be eaten.

[B]

Yeah, they'll eat him at the.

[A]

Think you're okay with your pet being.

[B]

No. That's what I'm saying. Like.

[A]

So you're not getting rid of them?

[B]

No, not to the Amish. Well, it was like an option. It was a thought. And then like, I was kind of talking about it. Lady, listen, they're going to eat him. I said, oh my God, my piggy. Not the pig.

[A]

I think you. I think the best solution is actually selling your house and moving to a rented place. But with the pig, you can't. No one's going to light up.

[B]

And I have my dog. Dog. Yeah.

[A]

You can do that.

[B]

My b.

[A]

You can do that. The dog's fine. There's a few. There's some landlords that will say no, but there will, I think. Cuz you have an. You definitely have an equity position. I'm guessing you'd walk away with at least $40,000. I'm. I'm guessing this estimate's over by like $20,000 or something. You probably could walk away with like $40,000. I'm not. I don't necessarily want you to wipe the. Maybe we wipe the car with that. Then we pay off the credit cards via behavior. That's what I want to do. And then you stuff the rest aside for a down payment on a home again in the future. But you just simply won. The mortgage is pretty unaffordable to you. Again, you're just behind on your stuff.

[B]

If I didn't have the minimum monthly payments, I feel like I would be okay.

[A]

No sh.

[B]

So like that's. That's what I'm trying to. You should host the show is like the best way to get rid of these because that's really what holds me back is like the minimum monthly payments.

[A]

And then what would your minimum payment be on this 401k loan?

[B]

If I took the loan out, it would stay the same. It would be like a hundred dollars.

[A]

A part of me. I. I don't like this because it vibes with my.

[B]

Huh, you agree with me.

[A]

No, a part of me is my morals. Don't vibe with this because I believe if you borrow, pay it off. But I almost let the other one, the credit cards go to collections at this point because your credit score is already ruined. So it's just like. And then you just. You hope they don't legally go after you. Which they could. I mean that $9,000 balance on one of them is pretty big. So they could go after you.

[B]

Yeah.

[A]

It might be worth it in the legal process.

[B]

I really don't want to do that.

[A]

I know. So it's definitely a risk.

[B]

Yeah.

[A]

Maybe one of the debt programs where they. You go into the debt program and then they negotiate it. It's really difficult. You're on that edge. There's really nothing to cut. And I don't know how to get you a part time job because your schedule is so weird. I think you need to move closer to you as soon as you can. Or you need to sell the house. Don't know what you do with the pig. You need to cut expenses anywhere and everywhere you can. This is already without food. I don't know.

[B]

So I'm starving.

[A]

Maybe trade down our phones a little.

[B]

Not going to the gym.

[A]

Maybe we're trading down our phones a little. You're not starving. You're not going out to eat. You said your mom buys the groceries.

[B]

She does that helps out a lot.

[A]

Then you start cracking at these debts one by one. And you'll get there. Just go smallest to largest.

[B]

I'm making the monthly. The minimum monthly payments on the savior. It's just the bread.

[A]

You miss. You missed five this year. Well, it was when so shut up.

[B]

It was before I got that extra 500.

[A]

I don't care. You still missed five this year. So don't say I'm making them. Buddy. There's not. You missed almost half of them this year.

[B]

But when. When I got my raise. That's what I get it.

[A]

But your spending likely increased as well because look, we have your spending. I don't know. There's some potential solutions. This one's going to be hard. Why don't you sit down with the financial advisor, see if they have any extra thoughts. You know, this is a live thing that we're doing right now. Maybe something's not popping my head that you know, I could be thinking about. So sit down with those financial advisors that domain money. They. They might be able to help. Either way, I'm going to call the dude on my number in the post show. We're going to have that crazy conversation. So make sure you guys join our YouTube membership. I recommend Elite for thousands of hours of extra content. Exclusive audits, a Call in, show where you can talk to us. A lot of other things and live streams as well. Let's get your hammer. An initial score, spending a budget, overspent debt, no collections. But 4 1k loan is really bad and not paying on it. I can't give you better than a 1 out of 10 emergency fund. Didn't have any savings. 0 out of 10 retirement, it's relatively good. I'm close to giving you like you know, it would have been damn like 89 but you take it. Financial score 8 or 9 for on the retirement part. But your 401k is definitely bringing it down to at least 5 out of 10. Real estate, you do own a home. The mortgage is too expensive. The interest rate is not good. That's honestly probably what's new. Maybe refinancing it at a lower rate. Well, they say that it mathematically justifies if you can save 2% this next rate cut. See where mortgage rates are about a month after that. If you can get under 6% refinancing your home, you have a credit score. Your debt to income's horrible. You're not going to be able to refinance, not for anything worth it. Real estate because of those qualities going against you. I'm also going to give it a 5 out of 10 because it's a risky situation. Amber, financial score, 2 1/2 out of 10 real estate saved you. Congratulations. All right, y'. All, all of our education is bundled together for 15% off. And I'll see you guys in the post show. Make sure you join that link in the description below. Below. It's about to be a wild one. So you still love gray hair?

[B]

I don't know. It's hard to say. I do.

[A]

That's emotional cheating. Call him.

[B]

He didn't want me to come on this show.

[A]

He's a bad person. Oh yeah.

[B]

I'm getting nervous.

[A]

Listen, he was a dick so we can with him a little, right? Hi. Hello. To watch the financial Audit post show, click the join button below.