Loser Thinks He’s Better Than You | Financial Audit

Summary

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Financial Audit – Episode Summary

Episode Title: Loser Thinks He’s Better Than You | Financial Audit
Host: Caleb Hammer
Guest: Adam (25, Inventory Supervisor, Round Rock, TX)
Recording Date: January 29, 2025

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Episode Overview

This episode of Financial Audit features Adam, a 25-year-old inventory supervisor and engineering student from Round Rock, Texas. Host Caleb Hammer conducts a blunt and, at times, confrontational review of Adam’s financial life, using Adam’s spending habits as a springboard to discuss personal responsibility, budgeting, and the dangers of financial denial. The episode’s tone is direct, sarcastic, and intentionally provocative, pushing Adam to confront uncomfortable financial truths.

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Key Discussion Points & Insights

1. Adam’s Background: Work & School Balance

• Job: Inventory Supervisor at a car dealership, previously held various roles including service manager/writer.
• Income: $2,200/mo (working 20–25 hrs/week during school semesters, more during breaks at $25/hr).
• Living Situation: Shares rent with multiple roommates—Adam’s share is $340/mo (“endless roommates”).
• Educational Status: Full-time college student (12–15 credit hours), co-enrolled in an ACC/A&M engineering program, prepping for transfer to UT or A&M main campus.

Quote:

• “$2,200 for a full-time college student is actually, I’m happy with this.” – Caleb (02:40)

2. Adam’s Spending & Budgeting Realities

Excessive Food Spending

• Adam spends nearly 40% of his income ($750–$800/mo) on fast food and eating out due to “time constraints” from studying and working.
• Caleb challenges these excuses vigorously, emphasizing most adults make time to cook despite busy lives.

Memorable Exchange:

• Caleb: “40% of your income right now cannot be going to food.” (00:00)
• Caleb: “So you’re just an immature baby because that’s what everyone does.” (09:21)
• Adam: “I don’t want to come home after working 10 hours and then I have class to work on, then come home and do more work.” (09:13)

Excuses & Mindset

• Adam repeatedly justifies overspending with his “busy” schedule and perfectionist personality.
• Caleb calls out patterns of justification and avoidance, equating Adam’s mindset to “loser think,” and pushes for acceptance of responsibility.

Quote:

• “Take the diaper off, become a big boy.” – Caleb (09:54)

Debt Profile

• Credit Card Debt: ~$6,400 (Chase Sapphire, Amazon Card, Apple Card—persistent revolving balances, interest accruing).
• Personal Loan: $13,850 at 14.68% (originally for prior car & rolled-over expenses).
• Student Loans: Two, totaling ~$13,000, near 7% interest (mix of subsidized/unsubsidized).
• Behavior: Relies on credit for routine purchases, justifies as “earning points”; does not consistently pay off balances (“I pay more than the minimum,” though then re-charges similar amounts).

Quote:

• “Every time something comes out of your mouth, you’re just trying to sound good, but then it’s incorrect and I have to call you out on it. How is that productive?” – Caleb (53:38)

Previous Reckless Decisions

• Purchased a $70,000 Mustang Mach 1 while earning $100k/year—but wrecked it. Still paying off related debt through high-interest personal loans, which then snowballed.
• Attempts to justify previous decisions as “necessary” or as “just how it is”; Caleb rebuts that the spending was a choice, not an inevitability.

Memorable Exchange:

• Caleb: “In what world do you think that is something that even close to makes sense… you’re being a dumb—” (29:14)
• Adam: “I bought the car... it was a great car… and then I wrecked it.” (29:51)

Investing & Savings

• $3,000 in Robinhood, mostly gone after risky speculation (“my friend told me to invest in this thing… it tanked of course”).
• Minimal 401(k) and Roth IRA savings; no effective emergency fund (spent when needed for dental work).
• Still splurges on unnecessary purchases (“collectibles, audio equipment, vacation, subscriptions”) while overdrafting checking account.

3. Defensive Attitude & Avoidance Patterns

• Adam consistently diverts criticism by acknowledging the need to “do better” or citing his personality, rather than accepting and acting upon advice.
• Caleb repeatedly calls out deflection, justifications, and the lack of clear personal motivation or long-term “why.”

Notable Quote:

• “You’re doing it again. You are pushing off a reasonable point by saying ‘I need to do better.’” – Caleb (48:33)

4. Path Forward & Tactical Recommendations

• Immediate Steps:

  • Cut fast food spending drastically; leverage provided budgeting app and cookbook.
  • Use a debit card that builds credit (FIZZ card), avoid revolving debt.
  • Seek therapy to address avoidance and perfectionist tendencies.

• Medium-Term Plan:

  • Prioritize paying off Amazon card (smallest), then Chase Sapphire, then SoFi personal loan, with all extra funds.
  • Limit “fun” spending to $100/mo until debt is under control.
  • Borrow for tuition selectively, prioritize paying off high-interest debt first.
  • Consider tech certifications to boost internship/career prospects while in school.

• Long-Term Goals:

  • Build fully funded emergency fund post-debt.
  • Increase retirement savings after controlling debt.
  • Prepare financially for eventual relocation and home purchase.

Memorable Admonitions:

• “Don’t this up. Don’t be so defensive. Don’t look for the pats on the back. Don’t try to get out of negative confrontations. Time to have that confrontation with yourself internally and actually work on this shit.” – Caleb (78:51)

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Notable Quotes & Moments

| Timestamp | Speaker | Quote | |-----------|---------|-------| | 00:00 | Caleb | “40% of your income right now cannot be going to food.” | | 09:21 | Caleb | "So you're just an immature baby because that's what everyone does… take the diaper off, become a big boy." | | 29:14 | Caleb | "You make $2,200 a month and you got a $70,000 car. In what world do you think that is something that even close to makes sense..." | | 42:47 | Caleb | “Why not choose quicker when you obviously have that choice… instead of money going to McDonald’s…” | | 53:38 | Caleb | “Every time something comes out of your mouth, you’re just trying to sound good, but then it’s incorrect and I have to call you out on it. How is that productive?” | | 78:51 | Caleb | “Don’t this up… Time to have that confrontation with yourself internally and actually work on this shit.” |

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Notable Segments & Timestamps

• [00:47–02:40] Introduction to Adam’s job, work/school balance, and housing arrangement.
• [03:32–11:08] Fast food spending spiral; harsh confrontation of Adam’s rationalizations.
• [20:44–29:59] Reviewing Adam's actual cash flows and expense statements; uncovering the real scale of overspending/under-earning.
• [29:13–33:15] Adam’s car saga: purchase, wreck, resulting debt, and rationale.
• [36:09–42:13] Credit card behaviors, interest accumulation, and failed budgeting.
• [44:21–49:02] Student loan discussion and financial planning missteps.
• [53:40–56:51] Host challenges Adam’s defensiveness and avoidance patterns.
• [72:42–78:51] Budget restructure, school cost considerations, and step-by-step debt payoff strategy with timelines.

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Tone & Format

The episode is marked by direct, sometimes abrasive, humor and persistent challenges by Caleb, who aims to shock Adam (and listeners) out of complacency. Adam’s responses vacillate between defensiveness, passive acknowledgment, and attempts at self-justification—a dynamic used by the host to highlight common financial avoidance behaviors.

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Conclusion & Next Steps

Caleb finishes by outlining a concrete plan, reiterating the need for Adam to take responsibility, stick to a simplified budget, and resist the urge to “sound good” rather than make real change. Resources, accountability, and the “why” behind change are emphasized as critical to Adam’s financial turnaround.

Final Score:

• Hammer Financial Score: 1.5/10
• Host’s Closing Challenge:
  • “Be like the average guest. You can do it. Don’t be all talk.”

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This summary covers all substantive content in the episode, providing a comprehensive overview for listeners who want the best insights without the ads or filler.

Transcript

[A]

To watch episodes of financial audit a week earlier. Check us out on YouTube. 40% of your income right now cannot be going to food.

[B]

I won't have the time to myself.

[A]

What do you think cooking is? It's time to yourself.

[B]

I'm not trying to come home after working 10 hours.

[A]

So you're just an immature baby because that's what everyone does.

[B]

I've been overworked for, like, the last four years.

[A]

Oh, little guy has a little bit of a job at 25. I don't give a last. Congratulations. You worked a little hard in your early 20s. No one's ever done that before.

[B]

Well, I'm going to be in college for three, four years.

[A]

You're going to be a negative checking account right now. So I don't give a sh. Download my new simpler budget app today and take control of your money once and for all.

[B]

Hey, my name is Adam. I live in Round Rock, Texas, and I'm 25. And this is the financial Audit.

[A]

The Financial Audit. He's here from Round Rock. Thanks for coming in, man.

[B]

Of course.

[A]

What do you do for a living?

[B]

I am a inventory supervisor at a car dealership.

[A]

Inventory supervisor. So not in sales?

[B]

No.

[A]

Okay. You bring in the cars to the dealership. You're like, making sure they have what.

[B]

They need once they get in. I make sure that they get to the right place, Virtually get dealerships, man. Me too.

[A]

Okay, well, why do you work at one?

[B]

I mean, they make money. That's why I'm here. It's. It's. It's stressful, but it's where the money is.

[A]

It's stressful?

[B]

Very.

[A]

Okay, what. What are you making in this job right now?

[B]

It's a little weird because I'm taking classes, but usually, well, 25 an hour.

[A]

Oh, so some of your time's eating up with classes?

[B]

Exactly.

[A]

What is it? What classes are you taking?

[B]

Intro, engineering classes, Physics two.

[A]

This is college. This isn't like you're taking, like, career. Like inter career classes. Okay, so you're in school right now?

[B]

Yes.

[A]

Well, how many credit hours are you taking?

[B]

I've taken like 80 now.

[A]

How many hour credit hours currently?

[B]

12 to 15.

[A]

Okay, so full time?

[B]

Full time.

[A]

So 25 an hour is what you're making.

[B]

It's not bad.

[A]

But how many hours a week are you working?

[B]

When I'm in class, it's about 20 to 25 hours a week.

[A]

How often? You're mostly in class, right?

[B]

Yes. Minimum 20 hours. I'm usually going up to about 25.

[A]

When would you not Be. Are you talking about like winter break and summer break or like.

[B]

Yeah, so like, for winter break I was working more.

[A]

Yeah, but that's two weeks, right?

[B]

No, it's about a month. Oh. I'm actually starting classes next week and I ended January 11th.

[A]

So what do we hit your account.

[B]

On a monthly basis from now on? 500 a week. So okay, 2,000amonth or so? A little bit more because, I mean.

[A]

Oh, what, 2100?

[B]

I'd say 22.

[A]

Oh, okay, 2200. Okay. Now honestly, 2200 for a full time college student is actually, I'm happy with this.

[B]

That's pretty good.

[A]

That's pretty good. How we live in. In Austin, though, because I know Austin's expensive. How are we doing school? How are we doing all this? What is. What's going on, my guy?

[B]

So I'm not in Austin because Austin's awful.

[A]

Okay, well, Round Rocks is a group of. Austin. Let's be.

[B]

Yes, but I don't have Austin rent. That's one big thing.

[A]

Kind of.

[B]

I have some paying 340amonth for rent.

[A]

340Amonth?

[B]

Yeah.

[A]

So just endless roommates.

[B]

Yes.

[A]

Okay.

[B]

Yeah.

[A]

That's incredible, though.

[B]

Yeah, it's great getting that kind of rent in Austin and Round Rock area too.

[A]

Negative in a checking account then. If I had. If I had. If I had 300 of rent, I wouldn't be negative in a checking account. Well, we'll get there, so. Okay, go on, keep going.

[B]

So I'm making that much money. I'm. I have that rent. Most of the thing that eats my money is probably food right now. Food, Food. I love food.

[A]

I like being able to. I actually make my bills paid without going negative and overdrafting.

[B]

Okay.

[A]

I like food.

[B]

Well, with work and school having to. I'm working a lot. I'm in school a lot. I don't have much time, and so I always eat out. And that's what.

[A]

Bill, I'm so confused.

[B]

I mean, it's easy. That's what it's there for. Fast food is fast food. I don't have to spend time cooking, which I don't know how to do anyway.

[A]

Don't know how to do what? Okay, why don't. What if I gave you. We have a cookbook.

[B]

That'll be nice.

[A]

So no excuses now. Yeah, because you get the premium version of our simpler budget app. You get it for life. You get it for life so you can make your budget in our new budget app. So you get that for life and you get the cookbook. So no more excuses. Right? Congratulations. We solved the issue. All you have to do is meal prep a couple times a week. Just take the meals, make them. They're on a budget. Healthy meals. You take them a couple times a week.

[B]

But how am I supposed to do that when I have classes?

[A]

Okay, how many hours you're working? 20 hours a week.

[B]

Yeah.

[A]

How many hours a week are in the classroom?

[B]

It's a little hard to say.

[A]

Well, how about let's think a little hard and say it.

[B]

Okay. Each class is going to be about two hours. And then I'm taking five classes. 15 hours or 10 hours.

[A]

Okay, so so far you're not even at.

[B]

That doesn't include study time.

[A]

That's why I said so far. So far you're at 30, which is obviously less than the average person works. Now there is study time and some of these classes zero are a little on the harder side. Chemistry? Wouldn't see me pass it. Not gonna cal 3.

[B]

Physics 2. Engineering.

[A]

Physics.

[B]

Mechanics? Yes.

[A]

How three walk a little quicker.

[B]

Sorry. Oh, calculus 3. Physics 2. Engineering, physics, mechanics and government.

[A]

Yeah, but you got it all over. You got the. You got the Zuck look. So you're probably good at this.

[B]

I'm good at the math, but it takes a lot of time.

[A]

So how many hours a week? Give me a real answer. What you actually think. I don't want you to over exaggerate. Under exaggerate, what do you think on average is done on a weekly basis? Obviously it goes up close to midterms and finals, but just average study and homework.

[B]

The big thing is I didn't do.

[A]

That's not a number. Wow.

[B]

I didn't do it enough last semester, so I need to go more this semester. Cool.

[A]

What have you determined what will be normal?

[B]

Around three hours a day to take care of all the classes.

[A]

Including on weekends.

[B]

Yes, but. Okay, one thing is on Sundays when I work, I am allowed to do my schoolwork, so that kind of helps me out.

[A]

Okay, so six days.

[B]

Yeah, three hours for six days and then Saturdays is my do nothing day.

[A]

Okay, so three hours for five days is what we're calculating.

[B]

No, six. Sorry, I said Saturday.

[A]

And then you also are able to do it at work. So we're not including that as extra time.

[B]

I guess. Yeah.

[A]

So it's just the five days a week. We're including the extra time, you know.

[B]

Okay. Yeah.

[A]

Come on. Yeah, you're a math guy. Okay, so.

[B]

Oh, no, obviously not. Not really.

[A]

Oh, no. 45 hours a week. Slightly more than the 40 hour work.

[B]

Week, but I've got it.

[A]

No one's ever done that. Plus kids, plus whatever else.

[B]

Driving.

[A]

Yes. Everyone does that to their job.

[B]

I've got to go to Austin from Round Rock. Traffic in the morning.

[A]

Half the people here do that while we're moving closer to downtown. So.

[B]

Yeah.

[A]

And guess what? It's fine. Like I know. I know the area. You're okay.

[B]

I mean it's an hour. Like each. Well hour times two each day kind of you leaving seven in the morning and five at night. So right in the middle of rush hour. So every single time I leave, I'm going in rush hour. And with Austin, with downtown Austin.

[A]

You're not hitting mopac toads.

[B]

I do sometimes.

[A]

Not that you should, but if that's your complaint.

[B]

I'm not really connected that way. The Mopacs, if I have to, I can take a 130, but it's not always the case. I usually have to stick with i35.

[A]

Okay.

[B]

Okay, okay.

[A]

Okay. You have about double the average Austin commute when people go ahead and also pick up their kids and drop their kids off from school. Adds to that. So I think those people are probably double the average as well. I really don't think you have the room for excuse here, man. You're really just trying to assume because I deal with these things that everyone deals with now you're just split between more activities, but the math is still averaging close to the same. You're above the average person once they're more settled. If they don't have kids, if they don't have blah blah, blah. If they do nothing, they just go to work and they come home. They still find a way to do it. Especially the ones with more. So you're. You're immediate trying to excuse that other people get this done. Other people get this done and you can see. Yeah. 794 spent on fast food. That's crazy, dude. A month for your income situation. You spent nearly 40% of your income on fast food when you could be work. If you use our thing, it's 300amonth. You could meal prep.

[B]

You also don't know how to do that. I don't know how to.

[A]

Yeah. Follow the cookbook, then the recipe reading.

[B]

That's why I'm in math.

[A]

Yeah. I don't think a recipe with like 10 words is going to be that complicated for you.

[B]

Even still. That's. I know I haven't done before.

[A]

Cool.

[B]

I have to learn how to do it. Yes. Not only that, but then I won't have the time to myself right now.

[A]

What do you think cooking is? It's time to yourself.

[B]

It's still work. I'm not trying to come home after working 10 hours and then I have class to work on, and then I get to come home and do more work.

[A]

So you're just an immature baby because that's what everyone does. That is literally just what everyone does. It's just because it's what you have to do. It's a have to do situation. Simply put, 40% of your income right now cannot be going to food. You're spending over double your rent over double your rent on just going and getting fast food. Because you're not willing to spend basically about your rent on groceries, which is what it would cost you to follow our plan. Dude, this is pretty simple stuff. This is an immediate dumb, out of the gate, dumbassery. Urban areas average commute around 45 minutes. You're not that much higher than that. And you're in an urban area that's in the United States. So shut the up. Everyone deals with this. Take the diaper off, become a big boy. What holding you again? 25. This is okay. If you were 18, maybe, like, I would still be giving you the same shit. Come on. And also, there is no excuse for not knowing how to do the basic sh T anymore. You live in the world of GPT you live in the world of Google. You live in the world of YouTube. You live in the world of cooking shows. You live in the world of any piece of information, cookbook, whatever it might be, at the fucking tips of your damn fingers. Dude. It is no longer an excuse. It is not a time thing. Put on your favorite video, your favorite podcast, your favorite audiobook, whatever the F is. Have your alone time. I don't know. Do it naked. And then get excited and just whatever you need to do, rub all over your body. You can make it interesting, man.

[B]

I'll try to. It's just hard.

[A]

I'm also not suggesting every day. Remember how I talked about meal prepping? That is a couple times a week. That means you do it a couple times a week. The rest of the time, it's actually going to be quicker than you and going through the drive through because you literally go, and the food's done.

[B]

I'll give it a try. But the main reason I do fast food is because it's fast. Yes.

[A]

Not as fast.

[B]

No, it can be. It depends.

[A]

No, not as fast as microwaving.

[B]

Well, if you order ahead, then you can get there and it's Ready?

[A]

Yeah, but you still have to wait in the line.

[B]

No, not without ordering online. Half the places I go to, you walk in, you get your food, you leave.

[A]

Okay. Okay.

[B]

Meal prepping would be a good idea. That will save me some time and money, but at the same time, I've been overworked for like the last four years. 45. Yes. No, that's, that's now. I used to be in charge of service.

[A]

Well, all I give now is cuz all we're doing is adjusting this for the future. Right. So I don't give a last. Congratulations. You worked a little hard in your early 20s. No one's ever done that before.

[B]

It's. It's difficult going from working that hard and not having the time to. I'm still working hard. I'm doing.

[A]

You talk like him and look like him, but you do not have the work ethic of the Zuck.

[B]

I'm not a lizard person either, so I got that going for you. Are you sure?

[A]

Like are you coming with a broccoli haircut and MMA fighting in about 10 years from now, is that your transformation? Are you going to come on rogue and all of a sudden you're going to be a workaholic and everything's going.

[B]

To be fixed for the time being, I will say I work a lot and I do a lot of stuff and just having a little time to not have to worry about the food.

[A]

Like I feel like if we compare the TISM counts, if we take your blood, your TISM spectrum will be on the same level. That's closeness. There's Zuck everywhere. You have a dump truck like the Zuck. The Zuck trunk?

[B]

No, I do not.

[A]

Well, see.

[B]

Skinny as a pole.

[A]

That's. That's a shame. Guess you can't have all the good traits. So what was your big heart? That'll work in time. None of us have ever put in 80 hour work weeks in our early 20s when we're trying to get done.

[B]

I was in charge of used service. I was taking care of all the vehicles that got traded in. I had to deal with five, six managers a time, 50 salespeople at a time dealing with phone calls every day. About a 75 to 100. On top of that, there's always something that need to be done.

[A]

So there's something that needs to be done at work?

[B]

Yes. I'm a perfectionist. It's what I do. I do everything right.

[A]

Guys. Something needed to be done. I. We should probably just quit. Something needed to be done at work. Next time Something needs to be done here. I'm out. That's too hard.

[B]

It's different when you're doing other people's jobs, too.

[A]

Welcome to every job, man. There's slackers and there's takers and there's winners and there's losers that you're gonna experience that forever. I'm not trying to necessarily. Well, no, I am trying to diminish what you're saying a little, but I'm not trying to take it in a way where it's like, oh, your feelings are necessarily like your feelings. It's not like that. I'm just trying to experience your good. You're. Your excuses for doing. Your misbehavior is going through what everyone already goes through. It's like you're going to be dealing with different variations of this all throughout your life. Be an engineer at a company. There's going to be slackers. There's going to. You're going to work with a product manager that doesn't give a shit. You're going to have 10 managers with different ideas about whatever you're working on. This is what's going to happen. And guess what? Sometimes stuff happens at every company ever. And fast food will always be there on the way home. It'll always be there on the way home. The commute will always be there. Unless you're one of the rare few these days that works remote. So, little big guy, I'm sorry, you're always gonna have to do a bit of work. 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, try and 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? 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. Link in the description below. This budgeting app will change your life.

[B]

It's I'm a perfectionist, like I said. So there's always going to be more work to be done and I don't like leaving things undone. So I'm going to finish where I started and that takes more time. That takes more effort. Perfect. I don't want to come home and do more work.

[A]

Perfect's the enemy of good. Sometimes you just need to get to the point where things are good, where you're doing life good. And that's okay. If you're actually able to accomplish everything and that includes health and personal finances, that is fine. There's nothing wrong with that.

[B]

Yeah, it's something I need to work on. I. I'm not good at being good. I like being okay.

[A]

Then sit down with the therapist that our guests sit down with. It's undermined. That's one of the resources that I can give. Okay, sit down with them. Practice them damn skills. You get three free sessions. They're the same therapists that I use actually are. Any tool we do, I use or would use. And then use our again. Again, the cookbook dude. And the simpler Budget app. Use our. We made this essentially for you. Like literally constructed this from scratch for you.

[B]

I'll give it a try.

[A]

You better because you get it for free because you're coming on the show. So don't be a dick.

[B]

I'll still probably eat some fast food, everyone. So I'll try and diet Down.

[A]

Well, it's not about that. It's about the way you're doing it again. You can't afford to spend 40% of your income right now on fast food. If it was 5%, would I give you a little slap right now? Of course, because we're doing a wake up call and we're trying to get you on the right track. But 40% is unsustainable. It's unacceptable. And it's unsustainable like this.

[B]

It's.

[A]

There's not gonna be much of a conversation to have be had. Okay, so we know what came in. Of course. Payroll was 2,000, 280. It's pretty similar. But you also had a remote deposit in of 3,700. What's that?

[B]

Rent. I pay the rent, so people send me the money for rent.

[A]

So what income actually came in last month?

[B]

That much? 2,800. The 3,700 is paying rent.

[A]

How much was spent?

[B]

How do you mean? Like the. When people send me the money, it goes directly to our landlord. I.

[A]

Okay, okay. What's the. What's the total rent? So I can calculate this a little better.

[B]

23, 24, 25.

[A]

And your portion?

[B]

340.

[A]

Cool. So minus.

[B]

Sorry, 25, 25. It. It went up. It just went with me. It just went up.

[A]

2595.

[B]

Yeah.

[A]

And your.

[B]

340.

[A]

Okay, cool. So now I have the real math. The corrected math. After. After their cut of rent is already taken into account. Their cut of rent? On your $2,280 income, what do you think you spent in the last month after the rent is taken into account?

[B]

I mean, everything with bills.

[A]

Is that a number? That's interesting.

[B]

2800.

[A]

Okay, yeah. 7600. The. Are you talking about? You don't know anything. Come on, number guy. Come on.

[B]

Also, I'm sure there's money for my work in there too. And that counts as how much?

[A]

How much?

[B]

I don't. I don't know.

[A]

How much would be from work for what. What are you doing? What is. On a monthly basis, that would equal triple your income?

[B]

Well, it's not a set amount. It's when we send vehicles to other dealerships, other vendors, I pay for it with my personal card. How much that they pay? I don't know. It depends.

[A]

A usual guy.

[B]

Well, there is no usual because I can send a BMW. It's going to be a W. You need what, $3,000 right there.

[A]

3,000.

[B]

I can do a Toyota and it's 50 bucks.

[A]

Well, look, back to this last month. What can. What would you think?

[B]

Honestly, I don't know.

[A]

Because honestly, our large. Well, okay, so we do have a decent transportation.

[B]

If you tell me what the, the incoming money is on the statements, then I can say what, what dealership it is or where it was. Because there's too many to keep track of sometimes. And most of them will say in the title, whether it be BMW, we have a tire shop, we have Round Rock Toyota. I tend to pay for a lot of things, but that money comes back and I don't actually see it on my end of things. I only get the points for my car.

[A]

Okay, I can tell you exactly how much. 4,000. So guess what? You spent 3,600. You made 22. You're still okay with that?

[B]

No.

[A]

Come on, man. No matter what we do with the rent or with the car thing, you're still spending dramatically more than you make. Dramatically. How far are you able to sustain that? I don't think very far.

[B]

Well, right now I have the loan that I have to pay off and that's significant towards it. The loan.

[A]

I have the loan guy. I have a lot of loans in here.

[B]

I don't know what I'm talking about.

[A]

Huh?

[B]

I have one loan right now. Well, besides.

[A]

Okay, what are you talking about?

[B]

There's a lot of loans in personal loans.

[A]

You don't consider credit cards different kind of loans?

[B]

No.

[A]

Do you consider them all debt?

[B]

Yes. Okay.

[A]

As long as you consider it debt, that's okay. I guess we don't have to use the word loan. So I guess there's a big thick papa daddy loan in here.

[B]

It's probably at like 13, 5 right now.

[A]

Why are you. Okay, so now it's okay that you're in school. Nothing wrong with that. And you're going for what's good your in School at 25, which is a little less, you know, than normal. Where are you in school and why at 25?

[B]

It's hard to say what grade I am technically, but I'm probably a fish or a sophomore. I got accepted into a program with A and M and acc. I'm co enrolled. Currently going for engineering.

[A]

Austin Community College.

[B]

Yep. And I'm going for aerospace engineering. I started because I got fired at work. Not technically.

[A]

Well, good. Not the current job.

[B]

Current job. I've been at the same place for four. A little over four years. I got fired maybe about a year and a half ago, but rehired the same day. It was a weird.

[A]

Yeah, go ahead and explain that.

[B]

So we'll go Back to that. So I was used service manager for about six months because my boss had gotten promoted and they promoted me. I was brand new to service. I didn't know anything about servicing cars, but they knew that I was good at my job. I was a perfectionist. So I started to go into that, did that for six months and then my boss got demoted because there was another guy that got pulled into his job. Okay. So I get bumped down to use service writer and I pay affected.

[A]

Oh, from what to what?

[B]

Negligible. It was 1400amonth salary net at that point as youth service writer or sorry, manager. That's pretty good.

[A]

1400.

[B]

Well, for how many hours Mean it's salary. So I would usually work 40 to 60, primarily 50 to 60.

[A]

And you're making 1400, $1,400 a month working 60 hours.

[B]

Well, yeah, I shouldn't have been working 60 hours. But like I said, I'm a perfectionist. I like to do everything that's supposed to be done.

[A]

Well, that's your choice then.

[B]

Yes, but that's the kind of person I am. I'm not going to leave things undone. I don't.

[A]

I'm not saying leave it done. But again, perfection is the enemy good. Like there are like sometimes if someone's focusing on one task for perfection, they leave five other tasks on the table.

[B]

Well, see, thing is, I'll do those five other things.

[A]

Okay. When you push yourself to your absolute limit, is everything then done correctly in the future? Like okay, you say so. Well, I hope so.

[B]

Anyway. I was making a hundred thousand a month roughly. Or sorry, a year roughly. And then I got demoted.

[A]

Wait, What? How much?

[B]

100 should have been 100 a year.

[A]

No, you said you made 1600amonth.

[B]

Eight. 8,000amonth. 16 a week. I'm sorry.

[A]

Oh, well there you go.

[B]

That's completely different.

[A]

That's incredible. Unless I misheard that, but that's great.

[B]

1400 a week.

[A]

Okay. And then you got moved down to.

[B]

What to it was based off hours, so it's hard to say a real number, but it stayed around 1,000 to 1,400 depending on how many hours you worked.

[A]

Okay.

[B]

How many internal hours we were doing at our service shop?

[A]

Horrible poverty.

[B]

Okay. Yes, exactly. So after a little bit of that, there was a customer that came in, his salesperson wasn't there and he had a 2013 avalanche that he wanted to get serviced and there was a whole slew of things is piece and he wanted all these things done and was basically saying I'm going To do it myself. And he gave us the car back. He's like, all right now. Now you do it. More or less. He was just not being straight with what he wanted. I told him he came in one day asking for us to work on his car. Right then there it was, 4 o' clock on a Thursday. So I said no. And the guy left. And he wrote a review that long saying he was going to sue me at my dealership.

[A]

Okay.

[B]

Because I was so awful. Anyway, he. He writes that review. I don't think anything of it. I have a vacation scheduled for you a few weeks after that. It comes to the Friday before. I'm about to leave. 5:45 on a Friday. I'm about to leave. Boss calls me in, hey, you're fired.

[A]

That sucks. So reason given because of that?

[B]

Yeah.

[A]

Then you weren't able to defend it.

[B]

I tried. My boss was even in the room. The guy that got demoted to my position, he stayed after me for like a minute. So obviously he didn't really try. But I got demoted. I tried to fight it, but basically they just wanted to scapegoat and that was me.

[A]

So why, what's the consequence of that? Okay.

[B]

Bad relations. Our. Our company has a habit of making nice to all the customers, even when they're wrong because they want the repeat service.

[A]

Yeah, but how was the guy now, well, okay. Either way, okay, that happened. So you can't change it.

[B]

And then I came back, talked to my director again, asked for a quality job because our service department was awful. And he gave me that. So I was fired, rehired. And then from that point on, I was making 25 an hour. And that has where it's been.

[A]

Then he decided to go to school because of that? Because those.

[B]

Exactly. Oh, so yeah, that kind of.

[A]

So real story is I had a job, then I no longer had a job.

[B]

All that to say I'm in this program with ACC&A and M. And you.

[A]

Think you're a freshman in terms of hours completed?

[B]

Because after this semester, hours completed is a little different. But towards the program, yeah, probably freshmen. And then after this semester I'll be transferring to College Station or ut if I end up going online in person? Both. Both places would be in person, not at the same time.

[A]

What the you gonna do for income at 8am two hours away?

[B]

Any dealership? We have sister locations and in Austin. It is something that I want to do long term.

[A]

Well, if long term you want to come on this show, come on down to Austin, Texas. We'd be happy to have you on. I'll give you a little and it'll be a good time. So go to caleb hammer.com apply. He'll go through the full onboarding process, meet some great people. It's a good time. And if you want your Hammer Financial score, see where you are assessed in the world of finances. Go to that link in the description below. It's completely free. Where do you think you are on the score of 0 to 10? 0 being the absolute worst, 10 being the absolute best. Where do you think you are?

[B]

Six. I'd say six.

[A]

Like what? You. You've lost me. You had like a story that was like, oh, I have a person with a brain talking to me. That's great. But I was also falling asleep and that's okay. Why are you rooting it with a six? Go ahead, explain. Explain. Explain.

[B]

Stupid.

[A]

You're not stupid. But the score isn't a stupid score.

[B]

Honestly, I don't even know what the score is.

[A]

I said zero to ten in your finances.

[B]

Okay then yes. Six maybe.

[A]

Explain, you little tit. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space. Online we have our budgeting program where I teach you how to create, manage and revolutionize your budget and control your money. And then there's the investing program where I teach you to define what investing profile applies to you and your your life. And then teach what specific investing strategies applies to you in that situation. And now finally we have our debt program where I teach you the best ways to pay off debt, manage debt, and even take advantage of good debt. This has been a revolutionary project that we've been working on for over a year now. And just like over 10,000 people who've already taken our educational programs, you can now take advantage of all three of them bundled together at a 15% discount. I've heard from thousands of people now who've taken these classes and they've literally changed their lives for the better. And finally you can too, at a more affordable price. Head to caleb hammer.com or click the link in the description below. You will not regret this.

[B]

I'm starting to make some better decisions. And I know, for example, like I bought the car. I don't think that was a great idea, but I mean, I don't mind that I did it, but I know now sometimes you need to not spend money and that's to what?

[A]

Huh? To be able to go through the drive thru, spend Money on a car to go through it?

[B]

No.

[A]

What you say?

[B]

I wanted a car, so I bought a car.

[A]

Well, no.

[B]

Expensive.

[A]

Really.

[B]

Yeah, of course.

[A]

How much was your car? What was the price of the car?

[B]

70,000.

[A]

70,000?

[B]

I mean, it wasn't.

[A]

You make $2,200. What? Talking about you have tuition. You have tuition, right? Do you have tuition? Does college cost money?

[B]

Yeah.

[A]

Oh, big guys. College cost money and you make $2,200 a month and you got a $70,000 car. In what world do you think that is something that even close to makes sense. You're not sucking it up. You're sucking it up. You're being a dumb.

[B]

I had no expenses. Virtually I was making.

[A]

Well, guess what? You do now because I have credit cards and apparently 70,000. When did you get this?

[B]

I got the car in 22nd. May 22nd.

[A]

Were you making 100 at that point?

[B]

Yes, I was.

[A]

Okay. Why do we still have it today?

[B]

I don't have the car. I wrecked it.

[A]

Why'd you just say so?

[B]

I bought the car. It was 70,000. It was a great car tease. And then later.

[A]

And then you walked it.

[B]

And after that, some of the money spilled over because I also put money into the car because why not?

[A]

Oh, well. And then that's a bad choice would be why not?

[B]

Yeah. Anyway, so the. The personal load covers that and that's kind of where it snowballed. And that's right. Why.

[A]

Okay, fine. Let's look at the finances. Oh, what we got going on here? Putting a sapphire in my. Dude. Because this is a thick ass balance. This is a chunky little balance.

[B]

Some of that's work that kicks off.

[A]

But it doesn't matter. You're putting more on than you took off. No, no, no, no, no. Hold on. No, I need to interject. I'm sorry. And I know I've interrupted decently throughout this episode. It's mostly because I don't like your voice. No, I'm kidding. Kind of. Well, a little jab. Whatever the. Even if it is business expenses with you keeping a balance on here, you're accruing interest. Is the business paying for the interest? Okay, is the business paying for the interest? Then it doesn't matter if it's business or not, because you are losing money on it. Why give your company why? Okay, why cost money for your company?

[B]

So the company thing kicks off. The reason why I say that is because I'm reimbursed in a week or so, and that balance is the money put on it from work Goes away. Hundred week or two.

[A]

$32. One month of interest. One month of interest. $132.

[B]

Okay, I will say I've debated doing a loan for this type of stuff because. Well, that's the problem. What do you mean right now? How much do I have on my card on there? Also it did increase, so.

[A]

Well, what's it at then?

[B]

Maybe seven right now. Six, 300 or 7,000.

[A]

Well, it's a 64 on here. So you're saying it's seven.

[B]

Yeah, I spent.

[A]

Let's go with the 6429 because that's what's on here. Okay. In the middle payment. I mean, this is the crazy part because your income is just really bad.

[B]

Well, I don't do monthly minimum payments. I pay. A lot of the times it'll be from work, so that'll count as a payment.

[A]

Well, either way, the minimum you would have to pay is 196.

[B]

I put more. More than that?

[A]

Yes, that is reimbursed towards it, but the minimum is still 196. That does not change.

[B]

I will always pay more than the minimum.

[A]

You understand what I saying? For sake, it's not an argument. The minimum monthly payment is 196, whether or not you put more towards it.

[B]

Yes, I understand that.

[A]

Yeah, you figured it out.

[B]

But I'll put more.

[A]

Don't want. Oh, do you? Never heard it. Are you sure?

[B]

Yes.

[A]

Want to remind me? Okay, so what. What's the. What's this loan?

[B]

So part of that started with the car, the crashed car. I put money into it. Of course that snowballed. All right, so.

[A]

So the crash repair. So what you're saying?

[B]

No. So it was a. It got paid out, it got totaled. Okay. I bent the frame and I got reimbursed for it. And then I bought another car right after that from the dealership.

[A]

What was the crash?

[B]

Me being stupid with my car, not being able to control it. And I ran into a pole and then off a four foot ditch.

[A]

How. How were you?

[B]

Fine.

[A]

Good.

[B]

Okay. Yeah, I got lucky.

[A]

But it totaled. Well. How fast are you going?

[B]

Not fast, like maybe 40.

[A]

Oh, what was the car?

[B]

Mustang Mach 1 with a Whipple supercharger on it. My SAS car. Grabber blue. Only the crabs blue. Grabber Blue. It only comes out every four years or so. I bought the Eclipse that I currently have right now because it was cheap and it was the same car that I had.

[A]

Okay.

[B]

Ten years ago.

[A]

No, it's okay. But for some reason I struggle to just listen to this? I don't know. Why? Is it me? Is it just me? If it is, that's okay. I'm okay with that. I hope it's just me.

[B]

Okay.

[A]

$4,732 of purchases on here. You say a lot of it's work related? Let's find out.

[B]

I did go on vacation. And did you? When'd you go last? August. Went to Banff.

[A]

Banff?

[B]

Banff.

[A]

Banff.

[B]

B A N ff. It's a mountain range.

[A]

Banff Mountain range.

[B]

Yes.

[A]

Never heard of this in my life.

[B]

My brother and I go on vacation every year. Once a year.

[A]

That sounds like something smart. Someone who can't afford to live and has negative money in their checking account.

[B]

And someone's overworked at all times.

[A]

Little guy has a little bit of a job at 25 times a year. 25? Oh, no. He's not gonna make it. He's not gonna make it. He's making a little sacrifice at 25. Big guy, tough life.

[B]

Well, I'm gonna be in college for three, four years.

[A]

You're gonna be a negative checking account right now. So I don't give a one. Maybe you need to work harder.

[B]

Actually, I try. It's one week I'm gone.

[A]

Harder than anything.

[B]

Pay time off because you are working.

[A]

Hard, but you're putting too much time into things. And you. You. You've said that specifically. I think you need to work smarter. Okay, what is it?

[B]

B, A, N, F. F. N as in Nancy.

[A]

Double F in Alberta and the Burt zone.

[B]

Mm. Great place.

[A]

Well, wait, you talking about August? Why don't you put that. We're talking about this card right now, dude.

[B]

But that's carried. I'm sure that some of it.

[A]

Okay, what is Sunroof Express?

[B]

Sorry, say it again.

[A]

Sunroof Ek. That's.

[B]

I paid for a customer's vehicle to get their sunroof.

[A]

And you get that paid back?

[B]

Yes. It should have been reflected on there. That same amount should have been put in towards the. Towards the money.

[A]

I mean, maybe depending. I mean, yes, there was money that was put towards it. So if you want to count that for that. And then we went out to eat at Rudy's and we got vending machine. Vending machine. Vending machine vending machine pizza. So they're still bull running on a card that is not being paid off. That interest is accruing that you have lost. First of all. Yeah, you got your fees, but then you have the 283,000 ventures just so far. Then what's for wp? Is that another thing for real parts?

[B]

That's for work. What's on there right now is pulling from a while ago, mainly August. That number is stated roughly the same. I haven't put a whole lot onto that card recently. Besides of course some stuff, some sodas and pizzas and whatever. But no.

[A]

Why are you. But no. You're going and getting vending machine like every second of your life. Yeah, and Rudy's and pizza. What do you mean mean?

[B]

I'm. I'm saying besides that there's nothing big on it recently.

[A]

Yeah, a lot of small purchases add up to big. Yeah, we want.

[B]

I mean, yeah, that'll it's just like.

[A]

Because it's not one big purchase, it's okay. So if it's broken down into a.

[B]

Small ones, it's better than putting a thousand dollars on it every month. It's just.

[A]

Sure, I guess.

[B]

I mean, I know it's not great, but all I know is that it.

[A]

Is a card that you are not paying off that is accruing interest, hundreds of dollars a year. Like that's what I care about is the math in the end. And you're preventing yourself and pay it off.

[B]

But at this point you need to pay it.

[A]

Why haven't you then?

[B]

Because I can't. I, I have too much going out right now.

[A]

Like 750 going out to eat.

[B]

Yes, that's so you can't, you can't.

[A]

Bullshit. You can't. Okay, yes you can.

[B]

Towards 500 towards my loan, a few hundred towards this. Because that's.

[A]

I will find out. All I know is 750 going to fast food. That's what I do know. And that's a reality. That is a fact.

[B]

And I have to pay gas to go to work.

[A]

Okay, cool. So we're complaining about all our expenses when we're. Then why $750 going up to eat.

[B]

Like I said earlier, it's easy. It's what I do.

[A]

Well, it's obviously not because this isn't working off and you're paying down, you're not paying down debt. So this isn't easy for you. This is easy for your life. It's easy for that little moment of time, but it's not making your life easy. Not in any way whatsoever. Not your actual life, not the longevity of your life.

[B]

It's something I can prove on, sure.

[A]

But by a substantial amount.

[B]

Yeah, potato, potato. No, it does need to go down that much I'm aware of. But in the meantime with school, with work, with everything, it's something that will happen. But if I can work on it with meal prepping and just kind of figuring out a cook myself, that'll be better. I'm not saying it's going to go away. Yes, it will happen. It will get better. That is one thing I plan to get better.

[A]

I see.

[B]

Well, yeah, I have, because, I mean. Yes, that's a parasite. 750amonth is not going to work long term.

[A]

Okay, so. So this Sofi thing, is this the personal loan you're talking about?

[B]

Should be around 13:5 right now.

[A]

Yeah, I'm seeing 13:8, 5:2, which is what we're going to put down.

[B]

That's fine, because the other one, we.

[A]

Did a little less. Again, it's reflected whatever is in the statement. Okay.

[B]

And then I had to pay for tuition, so I showed up. That might be on that statement. I can't remember.

[A]

No, you're not using a sofa Personal loan for tuition.

[B]

Not the personal loan. No, that was a credit card. But it will be paid off with.

[A]

What are you talking about, guy? What do you mean, tuition? Then what are you saying?

[B]

I had to pay tuition last week.

[A]

But you're saying you're not putting on this.

[B]

I put it on the card. Not.

[A]

I'm talking about the Sofi personal loan.

[B]

Okay?

[A]

What are you talking about? You're everywhere. Why aren't you talking about the thing we're literally talking about in the moment?

[B]

Let's do that then. So we're on the personal.

[A]

Yeah, let's do that. What any normal human would. Oh, yeah. Dude, you don't, like. Don't lose me when it comes to finances. You already know I'm a big fan of planning ahead, setting budgets, getting out of debt, and making sure you got a plan for the future. Let me ask you this. You plan for your groceries, your bills, even your morning coffee. So why aren't you planning for your family's future if something unexpected happens to you? That's where today's sponsor, Fabric by Gerber Life, comes in. They make it as simple as it can be to apply for term life insurance to make sure those who depend on you are protected. With fabric, you can apply online, right from your couch or on your bed or wherever you like to lounge. No awkward meetings in bare conference rooms with bad lighting and endless piles of paperwork right from your own home. And in as little as 10 minutes, you could have instant coverage with no health exam needed. Here's the thing. If you've got kids or loved ones who depend on you, locking in life insurance now is one of the smartest financial decisions you can make, especially if you're young and healthy. That's when you get the best rates. Being proactive now can make a world of a difference for the future. And even if you have life insurance through work, it probably won't cover everything your family might need. And if you change jobs, that policy won't follow you. With Fabric, you can have a little more peace of mind knowing that you're covered no matter what happens. Fabric offers policies for up to $1 million in coverage for less than a dollar a day. Plus they've got other tools like free digital wills, college saving funds, and kids investment accounts. It's all online, all in one convenient place. So you can manage all your family's financial planning with Fabric in one place. And it's all right from your phone, easy. And Fabric's got the receipts to prove they're trusted. 1900 plus five star reviews on Trustpilot with an excellent rating and an A rating with the Better Business Bureau. Seriously, these guys are legit. So here's your next financial to do. Stop putting off life insurance. Apply [e-mail] Caleb or click the link in the description below. That is meatfabric.com Caleb M E E T fabric.com Caleb check out fabric today. Like, how do we put this all together? If you're it's a 15 interest. So again, the personal loan you again your stories have been one difficult to listen to, so maybe that's my fault but a little more all over the place as well with just the things you're talking about. Now I don't know what's attached to what. What was the personal loan for?

[B]

It started with the car and excess money from the other cars. Okay, so it's all car primarily and there's some snowball in there, I'm sure, but primarily it's the cars.

[A]

So your personal car that you have now is on here too?

[B]

Correct.

[A]

Okay.

[B]

It is relatively cheap and it's not quite a car payment, but I know the interest on it is high and that is one thing I want to pay off. That's why I've always well, that car.

[A]

Is worth about $7,000.

[B]

That's pretty low. And I do pay more than the minimum towards the loan, so I'm not eating as much interest as I would otherwise.

[A]

I don't know. We're gonna have to math this out in the end because again you're saying you're putting more towards the loan, but again, even when subtracting what you put towards work, even subtracting what you. The other people's rent, you still spent like a thousand five hundred more than came in. So this doesn't make sense. What you are saying makes no sense. This is not adding up, dude. This is not adding up. And you're not a reliable narrator here. So again, yeah, yes, you put. Okay, so you put a little more towards a. Yes. And 13,852 is what I would on it. But it's the 14.68 interest rate again, even if I like open up my brokerage Moomoo and I'm like, okay, let me Invest. I'm getting 10% on average with the S P500 you're getting obliterated on here. This is a horrible.

[B]

That is something that needs to be paid off. But, oh, I am paying it off. I've been paying it off, but it's there. I can't just drop 135 on and I have 13 5.

[A]

No, I'm not saying that. I'm not saying that necessarily. But again, would we put 750 towards fast food when that could go towards us? Yeah, that's what I understand what I'm nagging about.

[B]

Yes. But I'm just saying that that money is going to be going out for a while. That's just how it is. And yes, I need to get the.

[A]

Why not go quick? I'm confused.

[B]

What do you mean go quicker?

[A]

Why not choose quicker when you obviously.

[B]

Have that choice quicker in what aspect?

[A]

Instead of the money going to McDonald's. I've only said that like five times, so I'm a little confused how you had to ask for me to say this the sixth time.

[B]

I'm trying to spend less for fast food and.

[A]

Okay, you're not. You're not. You're saying try.

[B]

It is a future. This. I'm trying to get better.

[A]

You're not. No, no. You're not trying. You're saying you will try.

[B]

Sure, I'm trying.

[A]

I'm asking why you haven't. If you obviously care about this.

[B]

I made my own food this week. I'll say that much. I'm trying to get better at that. I'm not saying I'm gonna not eat out at all because it's a habit, but I am trying to improve on that. But it's. I mean, I'm not gonna just learn how to cook every single thing right away. No meal prep will help. I still have to learn. And so that means I'll still be eating out some, but not as much. I won't. 700 is crazy. I know that much.

[A]

Yes, that's what I'm saying. It sounds like all of a sudden you're agreeing with me. Listen, I'm not saying that. You're saying you're trying. You're not. You might try a little. I mean, listen, you started this week. It's Monday. Come on. Like, come on, what are we doing? Or is Tuesday.

[B]

I'm trying. I am trying.

[A]

You will try, potentially, and I hope.

[B]

You do, am and will continue to try. Okay, I am reducing that number.

[A]

But a couple days does not count.

[B]

You don't go from 0 to 100.

[A]

It's obviously yes, but I'm not going over here and shaking your hand and giving you an award for it.

[B]

I understand, but I'm trying. That's something.

[A]

What matters is whether or not that's sustained. That's all that matters. These federal student loans.

[B]

Unsubsidized, one's up, subs unsubsidized, and one subsidized toast.

[A]

Is these two.

[B]

The two student loans? Yes.

[A]

Oh, man. We're nearing that 7% interest rate on these.

[B]

Better than 15?

[A]

Yes, it's better than 15. Congratulations. You. Do you need validation on that, too? Like, it doesn't mean it's good, this rate.

[B]

It's.

[A]

You always try to make it sound like it has to be good or something. It's like you. You're obsessed with that a little bit, but that doesn't mean it is.

[B]

Okay, well, the debt had to be accrued. I have to pay for college. That's how it is.

[A]

Well, maybe I don't know your entire financial situation again. I'll bring it out for the seventh time. Maybe you didn't have to take out as much if 750 didn't go to fast food. So don't say that I had to.

[B]

Well, I didn't have the cash to pay for it, so I got the loans to pay for it. And.

[A]

Yes. Now why did you not have the cash?

[B]

Because I have a parasitic draw on my account with the. The. The fast food.

[A]

So don't say you couldn't at the time.

[B]

I could not have.

[A]

Yeah, based on your actions. But not mathematically.

[B]

Mathematically, sure.

[A]

That's all that matters.

[B]

It's.

[A]

Why do I give a. About the other way? I'm not sitting here and saying you were correct for the going out to eat, so why would I support that?

[B]

I'm not saying you have to support. I'm just saying that's part of the reason why.

[A]

But if you don't acknowledge that that's completely within your control, then you're never going to change that for the future.

[B]

At that time I paid for it how I could. And I plan to pay off the student loan. But one of them does not accrue interest until I'm out of college. The other one has a 6% rate. It's better than the 15.

[A]

6.

[B]

It's 6 point what? 7555 better than 15 and it's better than whenever I'm getting on my credit card.

[A]

Okay, so because something's bad but better than something else that's worse, it's okay. I don't get that. I will never understand that.

[B]

Why are you talking about it like sometimes times.

[A]

It wasn't necessary. It wasn't necessary.

[B]

Got to pay for it somehow and I don't have the cash. It didn't have to be this big.

[A]

Oh my gosh. How do you not understand? Where are we disconnected in this? Where are we disconnected in this? I'm so confused. What you are saying is literal fact, but you're almost saying it by saying that it's okay. I need you to realize it is not okay. Yes, it is fact. It is not okay.

[B]

I'm not saying it's okay.

[A]

Then why are you saying it?

[B]

Because it's sometimes a necessary evil. Doesn't mean it's right.

[A]

But it wasn't a necessary evil. It wasn't a necessary evil at the time it was. No, it was not. It happened because of your behavior. It was not necessary. So do not. I cannot allow you to think that. Because if you think that your future is going to be because you allow that to be necessary in the future.

[B]

I paid for it. I've got to pay it off now. That's how it is.

[A]

Well, yes. No. Congratulations. What? Oh, okay.

[B]

Obviously it's bad decisions with my finances. But the only thing I can do now is make better decisions and pay off my debt right now. That's where I'm stuck.

[A]

Well, I know. I'm not disagreeing with that. Every time you are pushed back it on an opinion, you just come out and you just say like a fact that is supposed to make you like sound good. Like yes, congratulations. I'm glad you have that mindset. But I can't have you have the mindset of past was okay and was a justifiable reason. It wasn't.

[B]

It happened. Period. I understand it's not necessarily justifiable, but it's happened.

[A]

No.

[B]

If I focus on the past and why I made all the Bad decisions. I'm just going to make things worse.

[A]

No, but if I. No, no, no.

[B]

If I acknowledge what I did and that it happened and how I just said.

[A]

If I. If I think about the past and why I did what I did, that'll be bad. No, if you don't. If you don't think about why you did being bad, then you'll just do it again.

[B]

I'm sorry. I didn't mean.

[A]

It's the row the boat mantra. PJ Flack. Row the boat. The reason you're rowing the boat to the future but you're still looking back is so you're learning from the mistakes in the past so that your future is better. I'm not saying focus on the back and like, oh, no, oh, me. Oh, better me.

[B]

But if I get stuck on the fact that I did it and getting mad at myself for the fact that I did it.

[A]

I'm not suggesting that.

[B]

I know.

[A]

I'm not suggesting. I'm trying to correct you. Your mindset on it because you were trying to say it was a justifiable reason. It wasn't. I'm not saying go and beat yourself up. Why? Don't put words in my mouth or assumptions, dude. I think I'm being very clear in what I'm trying to communicate.

[B]

I need to build better habits.

[A]

You're doing it again. You're doing it again. You are pushing off in a reasonable point by saying I need to do better. No, that. You just defined the entire conversation. That's an unnecessary statement. I know that. We all know that. That is what everyone.

[B]

Okay, then let me. Help me fix it. Show me how to fix this.

[A]

Because the first step of fixing that is not defending that it was a necessary evil. Because it wasn't a necessary evil.

[B]

Fine. All of my actions so far have been awful, and I need to build on that.

[A]

Do you actually believe that?

[B]

Kind of. I know I've been making stupid decisions. The car shouldn't have been bought. Gosh, I shouldn't have done half the.

[A]

I don't like your responses, man. That's different. I feel like there could be a more mature way to look at this.

[B]

That's possibly true, but that's. That's who I am. I am who I am. I make decisions because of who I am. And now I need to deal with my actions because of who I am.

[A]

You just did it again.

[B]

Okay, let's just keep on going then. Let's. Let's talk about how to talk. Yes.

[A]

It's like, do as you use it as like a get out of jail free card for everything you do not like intentionally trying to beat a dick. It's just like that. Like the statement like that is like, yeah, it's a good announcement, but again, you weren't willing to actually.

[B]

Whatever.

[A]

I'm not gonna beat it over that. Okay, this Apple card. What's up with this card?

[B]

That card is used for random purchases that just pop up. Like, I budget my money to. I have a certain amount set to to spend for bills and a certain amount to spend on food and whatever.

[A]

I don't know about bills. I see Dick Sporting Goods. I see Soda Stream. I see Uber Eats. I see Uber Eats. I see some golf thing. I see Mod Pizza, Chick Fil A Rudy's bills. What bills are we talking about? I see going and getting some bull. I see smart drinks in Mod Pizza. I also see Panda Express. And Panda Express and Smart drinks and an Apple Bill and a Panda Express and Netflix and Spotify. Hmm, interesting.

[B]

That's for excess.

[A]

Oh, excess. Because we have so much access.

[B]

I don't budget enough.

[A]

You don't budget, do you budget?

[B]

So I budget, but I don't.

[A]

If you budget, how did you spend.

[B]

More than I'm budgeting? That's. Then you're not where my problem lies. Well, I paid off the card and.

[A]

Yes, but you're still spending on it Manual, meaning anytime I'm good. Listen, I feel like you're taking this a different way again. I'm not saying you are bad for paying off the card. Good. You have to continue to pay off the card. But in order to pay off continuing the card that you're purchasing on, that means you're still spending the money by paying off the card of all the swipes you're doing. So you're still more. It's still more money than you have to spend.

[B]

Well, most of those purchases are food, and I intend to get rid of those. Which means that there won't be any balance on that card. I won't be spending money on. I'll try not to spend money on fast food as much as I did and I'll try and eliminate it. Because one is not good for my health. Two is not good for my money.

[A]

Your actions are this. I can't just allow you to say, I will not do that. You are doing that. If it was different and you weren't doing it on this card, I would believe you and I'd be okay with it. Two days of doing something just because you're gonna come on the show does not count. Listen, dude, you are doing this, so you telling me you're not going to means nothing because this is what you have been doing.

[B]

It's just like I said, excess from not budging it on.

[A]

So your budgeting is confusing. You say you budget, but you don't do the actual act of budgeting. I feel like you made a spreadsheet once, like more or less. If you're. You're not budgeting, if you spend $1,500 more than you make in a monthly.

[B]

Basis, I'm sure that number is partially incorrect. I don't spend more than what I make. I don't go, oh, okay, I do, but not that much.

[A]

Well, I mean, the numbers are. The numbers are the numbers. Like we had was the spreadsheet literally, like, it's like your math, it's your numbers.

[B]

Part of it is also just from making. When I made 100k, that's when I. That's my lifestyle that I, I had. I got used to that.

[A]

So now you're just completely missing the.

[B]

Point you had before, more or less. It's.

[A]

So you lied.

[B]

Not necessarily.

[A]

Are you doing Guy? I feel like every time, every time something comes out of your mouth, you're just trying to sound good. You're just trying to sound good, but then it's incorrect and I have to call you out on it. But it's hard for me to always call you out on things, especially when you say something that is like something kind of good, where it's like, yeah, I need to change that. Like, yes, that is actually kind of what I want you to say. But I know based on everything, you're just saying what sounds good. You're just saying what makes you look good. But that's not actually addressing your root causes. And I would rather you join the average guest that pays off, you know, $10,500 in 11 months or the median 10,000. 10,000. I'd rather you do that. But the people who do that, they acknowledge their issues, they acknowledge where their flaws are and they actually accept the change of. They shouldn't have done that. Instead of justifying the past and instead of just trying to say things that make them look good, they actually to want work and actually put the improvements in instead of being all talk, but you're just being little talk Guy. All right? It's like you're in circles over and over. Like, why did you just say that thing that was objectively untrue and then you completely diminished it immediately and said something completely different. I Don't understand it. I really don't. Because how is that productive?

[B]

It's not very. That's obviously where I need to fix things. And I know you. I know, but I can't not acknowledge it.

[A]

No, you can't. But you just say the thing that makes you look good.

[B]

It's just like, I'm not trying to make myself look good, but that's the.

[A]

You do the. You do the lie. You get called down. You're like, oh, I'm right. Move on. Like, what are. What are we doing?

[B]

I don't like confrontation and I don't like disagreeing with you.

[A]

Interesting show to sign up for.

[B]

Fair enough. But it's. I mean, something had to change, obviously.

[A]

What will actually be different this time? Not the I'm going to do it. What is actually different in your life going forward from here? Not the I'm going to do it. I don't want to hear any more of that. What is actually different?

[B]

I mean, so far, not a whole lot. Because.

[A]

Why would it be different? Can you give me a why?

[B]

In my life, things would be different by spending less money?

[A]

Not by. I'm asking the why. Because. There is no action without the why. Give me the why. Why would things be different?

[B]

Why? To change? Yes. Because obviously I'm accruing more debt than I can take care of, and I want.

[A]

Why does that matter? There has to be a why, man. You're not giving a good why, which gives me no encouragement of getting out of this.

[B]

Well, I don't want to be in debt my whole life. And I. I want to buy a car that I like.

[A]

Okay.

[B]

I know I have a car. And it's nice. It's okay.

[A]

So that's one of our big goals is a car. So a lot of.

[B]

And I want to move. I want to get out of Texas. Okay. Move up north somewhere nice, but I can't.

[A]

Here we go.

[B]

I don't want to keep my friends. I can't keep on renting because that's just throwing my money away kind of. It's not as good as buying a home and being able to put money towards.

[A]

Depends on the situation right now. Mathematically, renting makes more sense, especially in Austin, but.

[B]

Okay, I'll concede to that. But at the same point, I do need to get out of here.

[A]

Okay. There's some decent. There's a decent y to move and to get the car you want. Okay. Okay. I can work with that. Okay. A why is not because I'm going to change. That's not a why. I need you to focus on these things. I want you to set the goal. Then I need you to really think, what does it take? What boxes do we have to check off to get there and really start hitting to those. Because if you are just aimless in this or you're just trying to get out of confrontation, you're just trying to do what makes you look good or say what makes you look good, you're not going to actually get to the end why that you're trying to get to.

[B]

Okay, yeah, okay.

[A]

I mean, a few other resources we can get you connected with that we've partnered with. We'll get you on the Fizz card. It's a debit card that builds credit so you're not actually overspending what's in your account because there's literally negative in your account. Again, sit down with the therapist. Maybe a tech certification through course careers. As you're getting in that field, it'll just give you that extra boost. So we can get you a free one of those. You have to go through the education, obviously, but. Okay, yeah. All right. Amazon. We got an Amazon card. Okay, so what's going on with this? Because you didn't fully paid off, even though you're relatively close, and then you just put the balance right back on. Like, what was the point? We were at 298. Then you paid 150. Like actually, good job. Then you put 123 on it and then you allowed it to grow interest. So like, what are we doing here? It's, it's kind of indicative of your behavior and how you have just gone throughout this entire process of financial silliness.

[B]

Some of the money from the Amazon card has been for purchases for Christmas, for presents, and then some of it was pants and.

[A]

Yeah, but why on here? Was my question, like, like even dispending, would I have recommended it? Not necessarily. But regardless, why'd you put it on here? A card that is not being fully paid off, but was close. You were so close. Now it's accruing interest.

[B]

It has the, the points on it. And then also I can't put on the debit card at the time.

[A]

Okay, then. Okay, then we can't afford it. Then it simply becomes Christmas presents are not a necessity.

[B]

Okay, that's a little different. But like.

[A]

Okay, tell me about the pants situation.

[B]

Well, I only have, what, three pairs right now.

[A]

Oh, good, then you got three pairs.

[B]

But I don't do laundry every. I'm not gonna do every. Like Two times a week.

[A]

Sounds like maybe you should do laundry two times a week. We audit finances all the time on the show, but when's the last time you did a little life on it? Think about it. If your mental health is a mess, everything else falls apart. Your relationships, your work and yep, even your finances. Stress leads to Takeda level purchases. Burnout leads to missed opportunities and anxiety that'll have you avoiding bills like they don't even exist. But here's the good news. Today's sponsor, Sondermind makes doing a mental health audit simple. They connect you with licensed therapists and psychiatrists tailored to your needs. And you want even more control. You can browse the directory to find the right fit with in person or online options. Plus their app full of self care tools. You've got your own personal mental health team at your fingertips. And here's the kicker. Sondermind works with most major insurance companies so you won't drain your budget to invest in yourself. They're in 48 states and Washington D.C. meaning they're practically everywhere and just a few clicks away. It's time to prioritize your mental health just like you do your finances. Go to pages.sondermind.com Caleb or click the link below to get started today. Trust me, getting your mental health in check is one of the smartest investments for you can make. That's pages.sondermind.com Caleb or head to the link in the description below to check out Sandermine and make mental health a priority in 2025.

[B]

Also, they get dirty because of work. I'm at a car dealership. It's going to get dirty.

[A]

So you're doing laundry three times a week.

[B]

Or I can just buy one more pair of pants.

[A]

And you didn't have the money to. It was as easy as that.

[B]

Yeah.

[A]

Points. That's equating anything on this Amazon card, I know you're getting 5%. It's a good card. Godless. If you're getting 5% with the interest that is occurring on this, you're completely losing it. So it doesn't. Your points, your points. You're not getting them. They don't work in the way you're making them work. This works, dude. It takes eight months to pay off just the minimum monthly payment and it's only at 204. 40. It's like not even crazy. 29. Minimum payment.

[B]

I was gonna say I don't do minimum payment.

[A]

I know you don't. You've oh how many times. That's not the Point. It doesn't. It. You know, it doesn't matter. Right? I. I would like to. May I whiteboard this? Perhaps. Perhaps I feel like you might be. Maybe it'll help you understand because you're saying that like it's a bragging thing, like you're trying to get me over there and give you some sloppy top. No sloppy top to you. You don't deserve it. Because I need to show you how this works with your little. Okay, okay. I'll turn it around. Let me think of this. Here's your income. Spelled it C U M. Isn't that funny? Here's your little payments.

[B]

Here's.

[A]

This isn't proportional, but here's your minimum. Okay? Okay. Here's your little extra you're putting towards it. Okay? Because you're putting a decent chunk over here to cover this from your income. Right? Right. Because he's a big guy, he pays more than his minimum monthlies. And then you immediately come and spend this much on the credit cards. If you are putting extra to your credit cards. And in order to do that, you drain down the income and do not have the money in your checking account to pay for things and immediately rack up the credit cards again. And it doesn't matter if you put more to the credit card because you build it way back up again. Math. You're in the math classes. You're in the math zone. You're sucking it up. Okay? You know how this works. Stop being a dumb little tit. Don't jerk yourself off anymore. That you put more towards it. You put more towards this. 150. Well done. He did it. But then you put 128 towards like back on it. So it doesn't matter. Never say again in a conversation with anyone about money that you put more towards it because it doesn't matter. You build it all the way back up again every time on every card we've seen. So never say it again. You are not earning a prize with it. Oh, See? Let me see your Amazon account. Thank you. Mouthwash. Good. Highly recommend. Good job. Battery packs.

[B]

Mike, I have a career fair in a few days. I'm going to record the sessions instead of trying to write notes down.

[A]

There's his pants. Silver chain. Trying to be a cool guy?

[B]

No, I'm wearing a cross, but my chain broke to your protection.

[A]

You got like a warranty? Zoom lens. I don't think we're doing a hobby of photography right now. I'm sorry. The cheap. Doesn't matter. You don't have the money. Look, what you just did. Stop trying to. Just don't. Stop. Stop. Seriously. A million dollar bill. Desktop collectible. You are trying to survive. Shut the president. Or not, I don't care. National, state parks, Google images. Listen. You get it. When you're out of debt. I want you to get these things. I really do. You just don't get it right now. I'm glad you got a lunchbox. That's a step in the right direction. Shampoo and stuff. I'm okay with that. Did you need the headphones? Probably not.

[B]

Present presence.

[A]

I'm gonna look at your subscriptions also.

[B]

No case. No problem.

[A]

Yeah.

[B]

Heavy. Yeah.

[A]

Thirteen is pretty high.

[B]

It's paid off.

[A]

That's better be. This is risky. Do you have Applecare?

[B]

Yes.

[A]

You better be. But you can't afford another subscription. Regardless, I think for people like you, no offense, you're in debt, you're dying. Negative in your checking account. And trying to figure out how to pay the bills won't work any more than he already does. Get a case. Luminosity, golf swing, multiple Apple Cares. You pay for weather channel premium $10. You don't have $10. And it's the action, it's not the purchase specifically. Look, how many purchases is justifying across the board. Total av Monthly subscription. So you have a lot of subscriptions. I'd cancel a lot of them. Did you start a screen recording?

[B]

Not that I'm aware.

[A]

I said start a screen recording.

[B]

I didn't hear you. I was looking.

[A]

Oh, sorry guys. It wasn't on screen because guys not listening.

[B]

I can put it on screen.

[A]

Already done.

[B]

Sorry.

[A]

They're asking if you have weak wrists. I don't know for. Why? I may have missed something.

[B]

Weak wrists?

[A]

No, me because I said the phone was heavier than the current generations.

[B]

Maybe you can feel that difference.

[A]

Couldn't lift his phone. I couldn't. No. All right. What's going on? Okay. Negative $9 and 14 cents. You can't justify literally anything you've done this entire conversation. Not even the stupid little ten dollar purchase. Because it's not behavior at that point. That is just an actual purchase. I would call out because you are negative in your checking account. The moment you're negative in your checking account, those don't exist. It is simple as that. No more collectibles. No more dum dum. No more stupid, stupid.

[B]

You're.

[A]

It's stupid. Okay.

[B]

My thing is. I'm not saying I should. Some things need to go to personal life. I have that much.

[A]

I agree to that. Not until you're overdrafting. Once you're overdrafting, it doesn't matter. You're in fire mode.

[B]

I have not include a overcharge fee in at least a year.

[A]

Look how close a year I haven't. How about I haven't, huh? You like that? Jerk me off now. Now I'm saying it for to get like awards. I don't give a. You haven't in a year. Good job. You look how close you are. You're going to do it again. It's just a matter of time. You're skating by by this much. This much.

[B]

I understand that I need to put more money, but how much would I be able to put towards myself?

[A]

I don't know yet. But all I'm saying, if you're negative in your checking account, zero. Because at that point you're in emergency mode. Emergency mode. It's not a question at that point.

[B]

Well, the way I work things currently, as I have the money coming in weekly and a bill weekly, so it always gets close to zero because I am getting close to what I've put away.

[A]

So it's not like I'm negative $9.14. Is that zero?

[B]

No, it's less.

[A]

Oh, that's interesting. Shut the up then. Canteen. Canteen. McDonald's. Another apple bell. Canteen. Canteen. McDonald's. Rudy's barbecue, soda Stream. What the is all this? Soda Stream.

[B]

Soda Stream is second of your life.

[A]

It'48 bucks. I know what it is, but why is it so much? No, but I saw it on the credit cards too.

[B]

It's for the CO2. It's 40 bucks.

[A]

How much CO2 are you shoving up your.

[B]

I do like two bottles a month. But when you return. Charges when you return. Oh, there's also drinks. I bought the drinks themselves.

[A]

Apple Cash sent out Rudy's Barbecue, chick fil a McDonald's, Hat Creek Burger, Amazon, Subway, Rudy's Barbecue. Canteen. Canteen in reach. McDonald's tacos in reach. You're talking about having a little bit of personal spending. This is once a day. Shut the up. You don't know what you're talking about. Apple Bill. Double Dave's, Rudy's Country Store Barbecue. Rudy's Country Store Barbecue. Amazon, Microsoft, Double Dave's Canteen Vending. Canteen vending. Rudy's Barbecue. Can't. Teen vending. Hello, bros. Not even that good. Rudy's Country Store Barbecue. Rudy's Country Store Barbecue. Air. Full cash now. Canteen vending. Canteen vending. Duchess. Apple Cash. Sign out my pizza. Chick Fil A. Chick Fil A. Dairy Queen. Rudy's Country Store Cash app. Double Dave's, Rudy's Cash app. Cash app sent out. What is all this? Cash app, dude, Rent.

[B]

That's how it comes in and comes out.

[A]

$5. Cash app and Apple Cash.

[B]

What is this?

[A]

Apple Cash $9.

[B]

I have no clue. I don't know what a $9 charge on Apple Cash is from a month ago. Whatever. I don't. I don't know what that is.

[A]

Yeah, you ended negative, so stop being a dick. You little. You ended negative. You should know, because guess what? You wouldn't be negative if you didn't have it. You child. Apple bill stopped at a gas station, got some Mod's pizza, sat through the gas station, got some bull torches inreach Spotify. Guys, I know for a fact that I don't spend more than I make it. Negative. And it's checking out. Shut the and other Spotify. You have Spotify and two different things. Spotify here and on a credit card. You're out of control. You have no idea what the is happening. You are a literal baby in reach Chevron. You stopped in and got some bull and an apple bell. Why is there $500 in savings if we're negative in there? I'm so glad. Confused. He actually put more in. You put 800. But then he had to take out money.

[B]

So I saw Dave Ramsey things saying you should put a thousand dollars in savings. Even though it's not. I can't warrant. I can't justify myself having that money in there when I have the debt. And then recently I had to do.

[A]

You know, you'd have the money in there if you weren't Rudy's country store and vending machine every single day at.

[B]

This current moment, I needed the money, so I spent the money on. No, I'm saying the money that I put in I used for dental work.

[A]

Because I had to pay it off. How much was the dental work?

[B]

800.

[A]

That's curious. How much you spend going out to eat.

[B]

800 ish.

[A]

Huh. Needed the money. Yeah. Maybe we find it from other sources and not an emergency fund. 3,000 in Robinhood.

[B]

Okay, so when I see.

[A]

Can I see you Robinhood. I want to see what you're investing this time.

[B]

Well, nothing. Well, I have a little bit in crypto.

[A]

3000.

[B]

My friend told me to invest in this thing.

[A]

It's 200.

[B]

That's crypto. Yeah. So I made shib Pepe and Doge.

[A]

Oh, my poor kid.

[B]

Oh, if they go. Okay. My thing with stocks is.

[A]

I want to hear this.

[B]

Okay, well, first we'll start with the. The money in. So I put like five in towards this one stock that was supposed to go off crazy.

[A]

It was supposed to. It was. It was scheduled to. Guys, it was scheduled. It was ready.

[B]

It was like we clocked it in every six months. It went up a hundredfold.

[A]

That's not a schedule that go on.

[B]

For the past three years. Every six months it had gone up so I invested.

[A]

And what about the three years before that?

[B]

It wasn't available then. Okay, so it's relatively new. So I put the money in and of course it tanked because that's my luck.

[A]

And then not luck because you made a stupid investment.

[B]

And then it went back up and I made my money back and some I left a little bit in there for crypto just in case it happens to be Bitcoin 2.0 and I get to be a millionaire for free. It's 100 bucks.

[A]

What about the. I don't care about that. Why did come go down from 3300 to 200?

[B]

I cashed out and put it towards.

[A]

So from the stock when.

[B]

Yeah, I cashed out that and put it towards one of the cards.

[A]

So you didn't actually pay off like the card from behavior based things. You got lucky on a of bunch bet. Oh my. It all makes so much more sense. Of course not. You haven't made any progress. Really. You got lucky once. Oh you. Oh, there went my hope there. When my hope I was like oh, you paid off the apple card. Okay, we can do something here at the end.

[B]

But the apple card was separate. I already put the money towards the other.

[A]

How much was the apple card?

[B]

The last payment I'd have to look, but I think it was like 500. I paid it off because I'd been able to.

[A]

But you spent multi hundreds on there, didn't you? Again, your. Your payoff doesn't matter if the money goes back on like that. You. What about net net 100 maybe you keep trying to like really get pats on the back for that, but you don't get them when you put it back on. Dude, kidding me. Remind me you're renting in your portion.

[B]

340.

[A]

And utilities.

[B]

I don't pay utilities.

[A]

Internet.

[B]

I don't pay towards that.

[A]

What a joke. There's no reason for this, man. We'll figure out the school costs in a second. Obviously no minimum payments on the student loans. Okay, so 436 for your debt payments. Gas. Vroom vroom. Drive drive.

[B]

Monthly basis 50 a week. So times 4 200.

[A]

Is that how it works? Car insurance. How much?

[B]

187.

[A]

300 of groceries. Use the cookbook that you get for free when you use our simpler budget app, Enjoying Premium. With all the classes and stuff.

[B]

It's 300amonth. What? What? The 300 you're allotting for grocery spending?

[A]

Yeah.

[B]

Okay.

[A]

What you can do, just actually meal prep, TP fund, 100. Anything else you need. That's your toothpaste, your dildos, whatever you use, whatever gets you there. Man pen, insurance. Do you have any pets?

[B]

No.

[A]

Okay, good.

[B]

I hate pets.

[A]

You hate pets?

[B]

I hate hair. Gets everywhere.

[A]

No, you look like someone who'd eat them. Okay. Got a little Dahmer in you. Medical, health care, anything on a monthly basis?

[B]

Not currently. For healthcare, I'm on my parents.

[A]

Yeah, but like, prescriptions or anything?

[B]

Therapy prescriptions. 100amonth. Maybe I haven't had to get it get any recently, so I don't know.

[A]

So would it will be coming up?

[B]

Yes. I do need to get a refill soon.

[A]

Okay, we'll put 100 in. Feels a bit high. What is it?

[B]

Well, I have multiple. I have one for sleeping and one for.

[A]

Yeah, if it's multiple, that makes more sense. Yeah, depending especially on your parents.

[B]

But also one thing that reminded me of is I had another. Some of the spending on that card was from a. An insofa.

[A]

What card? We looked at, like, four cars. Okay.

[B]

An esophageal enlargement. Twice. Because I basically choke on every meal I have.

[A]

Don't do that.

[B]

And try not to. Okay.

[A]

Do you take something for that?

[B]

I do now. That's part of.

[A]

Good. I'm sorry. That. That must. That must be horrible.

[B]

I'd eat fries and it would. I would feel like I'm about to choke every single time.

[A]

Is it a mental thing or is it physical?

[B]

No, it's physical. I have eosinophils. There's too many in my throat.

[A]

So this is the thing that's prescribable? Well, obviously, yes. Okay.

[B]

The treatment is enlargement, which kind of takes, kind of doesn't. And then something to combat the autoimmune disorder of the eosinophils.

[A]

How long have you been taking it?

[B]

Six months. A year now.

[A]

I hope it gets better, man. Is there more they're able to do?

[B]

Well, there's the enlargement, is the surgery, so to speak. And I can do more of those, but it's expensive.

[A]

Oh, so you've done them before?

[B]

I've done two.

[A]

It helps For a bit.

[B]

I mean, it's better than what it was. I haven't had it. Feel like I'm gonna die recently.

[A]

As long as we're avoiding that. Right?

[B]

Yeah.

[A]

I feel like that's the. It's a big thing. No death.

[B]

No.

[A]

What's the point of all the work we're about to do? Well, that you're about to do if, like. Yeah. So no choking on. Yeah, no choking on.

[B]

So, yeah, that's some of the medical bills too, that. That accrued on my card.

[A]

Anything else on a monthly basis that needs to be in here.

[B]

I think that's about it.

[A]

Cool. Congratulations. You have leftover money. I'm not surprised. I already told you, you have 536.87. I'll give you a hundred dollars towards fun because you. You just absolutely need that. Like you, you. You won't sacrifice. I'd rather get you there. Even if it takes a little longer, though. You know the intent. If you could really show the intent by going all in. But whatever it is what it is. What's your. I know it's gonna change once you transfer to full time to UT or A and M, but what's your tuition right now?

[B]

I paid 1500 for everything.

[A]

You could have cash flow float that. You could have cash flowed that. Now what you said earlier.

[B]

Sorry. Was even 2300.

[A]

You could have been pretty damn close. Especially since you work more during breaks because you only do fall in spring, Right?

[B]

Yeah. Well, I'll do summer as well.

[A]

Hopefully that's a little less.

[B]

Right? Yeah.

[A]

Okay. I think you could have cash flow. It would have been close. You may have had to borrow a little, but I think you would have got really close. So what you said earlier, incorrect, man. But now we're in a situation where I'd rather you borrow those loans and have this extra money go towards paying off things like the Sapphire, the SoFi or the Amazon. Amazon, obviously, we take care of in a month. It's not even a question. Okay. But the Sofi that. Let's take care of the sapphire next. No, just minimum payments on all this and everything else towards what we're focusing on. And we do the Amazon first sapphire, we kill in about. I'd say about a year, which is okay. You're in school. Oh, yeah. You got yourself in the hole, man. Work more. I know you can. And if you bring in a couple hundred extra bucks, you get that down to, you know, like seven months or so. Like, you can make this go quicker. And at that point, with what's left over. I'm gonna say the SOFI is probably gonna be about a year and a half after that. But two and a half years while still in school, that's actually not horrendous to get out of the mess. And then you got to focus on paying down the student loans or refinancing to them to a lower rate if you can, afterwards. But you lose some of the protections with that. We'll talk about it then. But either way, they're not at a great rate. But I'd rather you borrow at that rate and pay off the bad loans.

[B]

One thing with UT is saving grace is it's free if I get in.

[A]

Well, there you go.

[B]

I have to get in, but it would be free.

[A]

Please do work your ass off. And you already are. We've allotted the hours to it. If you can work an extra five hours a week, man. Seriously. And like, what is it? 25 is what you make an hour. 20.

[B]

Okay, 25.

[A]

It's an extra 500 bucks a month. So let's just say like 350. Yeah, you're. You're almost be. Almost be doubling what goes towards it. Instead of two and a half years. Like, I think you could bring this down to like a year and a quarter, man. Come on. A year and a quarter. Then you save up a fully funded emergency fund. By the time you graduate college, you're off to the races, you have an incredible life. It just takes a little bit of sacrifice now. And I'm even giving you $100 of fun. Don't this up. Don't be so defensive. Don't look for the pats on the back. Don't try to get out of negative confrontations. Time to have that confrontation with yourself internally and actually work on this shit. Get to the goal you want to get to the things you named are okay, like a nice car. Sure, whatever. If that's what you want, fine. You know, we got to get some things before that, like some investment goals and stuff. Sure. But, you know, the house and moving. I'm. I'm good with all that. Let's do that. And this is the first path towards there, so please follow this. Please take the classes, the budgeting class, the debt class, the investing class. Please use the resources that we give you. Please use the simpler budget app. Come on, man.

[B]

We.

[A]

We are giving you everything, everything in our power to make sure you can get there. Be like the average guest. Be like the median guest. You can do it. Spending in a budget, you overspent. 0 out of 10 debt. Not the worst of the worst of the worst in terms of the numbers. Not fantastic either, but 2 out of 10 because it is still bad. High interest. Even your student loans subsidize even bad interest. Emergency fund. I'll give you a one. And be generous, because you're not even a tenth of the way to a fully funded emergency fund retirement. I'll give you one. To be beyond generous with the doge.

[B]

I have invested in a 401k.

[A]

Oh, how much do you have?

[B]

I have 32 and one 3200 and a Roth and 900 and a 400. Traditional 401. That's another thing. I don't know.

[A]

Let me do some math. Oh, sorry, go ahead. Actually, go ahead.

[B]

I was gonna say I don't know how much I should put towards that because I know with right now, nothing.

[A]

Well, do you get a match?

[B]

No.

[A]

Then nothing.

[B]

Right?

[A]

Yeah, nothing. Right. Nothing right now until you get to what we define, what we defined. And then out of all that debt, really, because it's all bad debt in terms of interest rate and then a fully funded emergency fund. So you had how much retirement again, exactly?

[B]

It would be approximately 4,100.

[A]

4,100. Okay. Combined, we need you to be to a minimum if you're at the same income level of 30, 26,000. So I'm going to give you a 3 out of 10 retirement wise. Real estate, 0 out of 10 for now. But if we get to those goals. You'll get there. You'll get there. Don't be defensive and petty on the back end. Silly little guy. Rounded up Hammer Financial Score 1.5 out of 10. Make sure to join us in the post show, guys. It's an extra 20 minutes every episode, plus a call in show and a lot of other things. Live streams. Join Elite for the best value. Make sure you check out our education. It's all bundled together for 15 off. And our new simpler budget app. There's so much out there. It's all great. We'll see you in the next one.

[B]

Once a year we go on vacation, me and my brother.

[A]

Oh, good me. Good me. What the. There's a trip that you don't know about. Where are you going this year?

[B]

Austria.

[A]

Austria? You think you're going to Austria? You think there's even a chance for you to go to Austria? Your Austrian Alps. You don't get Austrian Alps at all. Remember the strategy we talked about that didn't pay for the vacation. Oh, for to watch the financial audit post show. Click the join button below.