This Has Never Happened Before | Financial Audit

Summary

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Financial Audit with Caleb Hammer

Episode: "This Has Never Happened Before"

Date: April 13, 2026
Guest: "Tommy" (pseudonym), 31, Houston, TX

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Episode Overview

In this episode, Caleb Hammer sits down with "Tommy," a 31-year-old Navy veteran turned quality control analyst, whose girlfriend signed him up for the show. The episode explores Tommy's dramatic income loss, questionable financial decisions, and the complicated dynamics of his personal relationships. Hammer scrutinizes Tommy's debt load, his excuses, and ultimately offers practical (and blunt) advice on recovery while frequently challenging Tommy’s self-perception as financially savvy.

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Key Discussion Points & Insights

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1. Income, Career, and Drastic Pay Cut

Timestamps: [01:54], [02:03], [02:11]

• Tommy currently works as a quality control analyst/trainer but faced a massive pay cut, from nearly $200,000/year to $60,000/year in May of the previous year.
• His lack of a college degree is a barrier to advancing or finding comparable new roles, even after years of experience ([02:22]).
• Tommy feels his experience should be enough, but Hammer urges him to look for better opportunities rather than accepting the slashed pay.

Quote:

• "Overnight the company flipped a switch and that got cut to $60,000." — Tommy [02:11]
• "That is enough resume experience to get a better job instead of dishonoring your family right now." — Caleb [02:52]

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2. Relationship Dynamics — Age Gap, Power Balance, and Finances

Timestamps: [04:05], [04:23], [05:02], [05:48], [06:03]

• Tommy's girlfriend is 19; they started dating shortly after she turned 18. She's working on her GED and dealing with health issues.
• Caleb pushes on the dynamic: Tommy financially supports her, covering all expenses and providing gifts like a gaming PC setup ([07:51], [08:17]), despite his own financial instability.
• The girlfriend applied for Tommy to be on the show, seemingly as a wake-up call about his financial cutbacks impacting her lifestyle.

Memorable Exchange:

• "So why'd you apply to be on then? I assume she wants you to continue to spend on her." — Caleb [08:11]
• "Probably, but I think because I'm having to tell her no again." — Tommy [08:17]

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3. Veterans Disability & Social System Abuse Debate

Timestamps: [09:46], [13:03], [15:20], [16:56], [21:05]

• Tommy is a Navy veteran, 100% disabled, mostly for mental health and joint issues ([13:47], [15:32]), yielding a $4,000/mo tax-free benefit.
• Hammer scrutinizes Tommy (and the system), raising issues about growing abuse of the VA disability system. Tommy defends the process, noting his eight-year-long claim and appeals ([14:29], [15:48]).
• Heated debate about whether disability, as currently defined, is sustainable or encourages abuse. Caleb proposes a flat military pension instead of the current "claim" system. Tommy insists the current rules are fine, blaming problems on enforcement rather than policy.

Quotes:

• "Let's reconstruct it as just—if anyone served... give them a permanent pension forever." — Caleb [15:59]
• "No, if it happened from the time... when they entered the—" — Tommy [20:13]
• "I'm not suggesting to do so. I suggested a pension plan for everyone" — Caleb [21:37]

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4. Financial Catastrophe: Debt, Impulse Buying, and Excuses

Timestamps: [29:46], [35:16], [39:15], [55:14], [86:03]

• Tommy admits to $557,029 in total debt, half of which is mortgage; the rest is consumer, business, and personal debt across multiple credit cards and loans.

• Major purchases include:

  • $100,000+ in solar loans ([81:42]),
  • $40,000+ in gun collecting and manufacturing equipment ([47:52], [50:18]),
  • $9,000 in cruise art and $5,000 in framing ([57:38], [59:16]),
  • Multiple cars, including a rare BMW financed for $32,000 at 13% interest ([70:32], [85:00]),
  • A failed attempt to help start his mother's massage business with $10,000 on a business credit card ([35:41], [44:19]),
  • Endless impulse spending on gadgets, cruises, streaming setup for girlfriend, Uber Eats, and more.

• Tommy repeatedly frames spending as justified by mental health, "investments," supporting family, or "bad luck."

Notable Quotes:

• "How have you had the time to accumulate two and a quarter million dollars of bad debt?" — Caleb [30:28]
• "I did get a bit overboard... I went overboard." — Tommy [36:45]
• "You just spend to spend. Endless battery banks. Gun case. Energy drinks galore... you just buy to buy." — Caleb [81:03]
• "You are everything. You are blowing money you do not have." — Caleb [73:51]

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5. Arrogance and Self-Deception

Timestamps: [34:00], [45:09], [53:25], [54:18]

• Despite the disastrous numbers, Tommy claims to know more about money than most peers, citing avoiding "Disney, Taylor Swift, stuff like that" but rationalizing his own vices.
• Repeatedly denies reality or minimizes issues: "I have enough to cover that card at least, first of all." — Tommy [45:27]; Hammer calls out the math, showing Tommy can't even cover 10% of his debts without selling everything and incurring taxes/penalties.

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6. Failed Business Ventures & Serial Entrepreneurship

Timestamps: [11:43], [27:59], [29:19], [44:19], [66:27]

• Two business entities:
  • A "holdings company" established for structuring but with no real activity.
  • A claims consultancy for veterans seeking disability assistance — irregular clients; inconsistent, tiny income.
• Assisted (unsuccessfully so far) with his mother’s massage therapy venture: $10K support, no return in 9 months ([44:36]).
• Endless “big ideas,” poor execution, and no actual business profit.

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7. Impulse Buying: Art, Guns, Suits, Solar, Water Softeners

Timestamps: [57:38], [61:10], [47:52], [51:02], [86:45]

• Tommy bought art for thousands during a cruise, then spent thousands more to frame it, justifying it as "investment" and for mental health ([57:38], [59:16]).
• Owns three vehicles and has cycled through a dozen since adulthood; finances high-interest car loans ([40:39], [85:00]).
• Drop-in "luxury" suits from thrift shops, but friends doubt the honesty ([51:04], [52:18]).
• Installs a water softener for over $9,000 to “cut down on detergent costs” ([86:45]).
• Struggles to acknowledge the obvious pattern: buying to fill emotional gaps, and impulsively falling for sales pitches (e.g., solar, cruises, new phones).

Quote:

• "You are willing to be sold on anything, regardless of what you are...willing to be sold." — Caleb [58:48]

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8. Refusal to Accept Accountability

Timestamps: [54:18], [55:41], [87:28]

• Tommy blames: solar companies, salespeople, the VA’s delay, and even Hurricane Harvey for his ongoing financial woes ([54:18], [55:41]).
• Hammer aggressively redirects, insisting that most of the debt is self-inflicted and that Tommy’s lack of accountability is part of his undoing.

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9. Hammer's Prescriptions and Takeaways

Timestamps: [90:33], [92:13]

• Stop all impulse spending and cut all hobby/business outflows.
• Refocus all energy on job applications and interviews—use the tech QA certification offered by Hammer.
• All excess income must go to debt payoff; otherwise, bankruptcy is likely within a few years.
• Make girlfriend’s rewards contingent (e.g., gaming PC peripherals) upon real milestones (like GED completion), not as handouts.
• Essential: Develop basic financial discipline, stick to a budget, and avoid falling for sales tactics.

Quote:

• "The only way to get out of this is to stop your spending, up your resume, and apply to jobs like none other." — Caleb [92:13]

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10. Final Financial Breakdown & Hammer Financial Score

Timestamps: [91:22], [93:59]

• Monthly outflow needed to stay afloat: over $8,141
• Actual available (tight budget): +$1,788
• Time to pay off (with all excess going to debt): Over 139 months (>12 years), longer than bankruptcy.
• Hammer Financial Score:
  • Spending in a budget: 0/10
  • Debt (no collections, but...): 1/10
  • Emergency fund: 4/10
  • Retirement: 2/10
  • Real Estate: 7/10
  • TOTAL: 3/10

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Notable Quotes & Memorable Moments

• On Disability:
  "You are saying you need to spend a shit ton of money on 12 cars and all this gun manufacturing cause my mental health... Everyone can just use that excuse for everything in this TikTok age." — Caleb [49:44]
• On Financial Denial:
  "You can pay off a card of your $250,000 of bad debt. You can pay off maybe 25. Maybe 25. And of which you'd have to pay ... maybe not even the full card. You don't know what you're talking about." — Caleb [53:25]
• On Art Purchases:
  "Art on a cruise. Just hear those words. Art. On. A. Cruise. You think that's where the successful art collectors buy their art, guy?" — Caleb [58:23]
• On Breaking the Vicious Cycle:
  "You are headed toward bankruptcy. That is a 12 year process, longer than bankruptcy. You're not day trading your way out of it, you're not massage parlour-ing your way out... The only way: stop your spending, focus on jobs, zero excuses." — Caleb [92:13]
• On Relationship:
  "Your girlfriend was right." — Caleb [54:00]
  "I'm hoping she can learn from my mistakes." — Tommy [63:26]
  "You're justifying everything here, you're making excuses... Have you hung the paintings?" — Caleb [63:30]

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Segment Timestamps for Key Moments

• 00:04 – Tommy's VA disability, mental health, early career
• 01:54 – Pay cut history, job discussion
• 04:05 – Girlfriend’s role in applying, relationship details
• 09:46 – Disability income revealed
• 13:47 – Full disability details, service, and debate on abuse
• 21:05 – Social benefit system, outcome vs. intent
• 29:46 – Total debt, failed businesses
• 35:16 – Purchases for mother, gun manufacturing
• 39:15 – Arrogance on finances
• 57:38 – Cruise art purchase and rationalization
• 81:42 – Solar loans, serial spending
• 85:00 – BMW loan, car discussion
• 86:45 – Water softener, more "investments"
• 92:13 – Hammer’s solution plan
• 93:59 – Hammer Financial Score and wrap-up

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Tone & Language Highlights

• Caleb is deeply skeptical, brash, and unfiltered, with withering sarcasm for Tommy’s rationalizations (“You just buy to buy”), quick wit, and zero patience for excuse-making.
• Tommy is defensive, sometimes earnest, often evasive, and maintains a stubborn (and often comical) faith in his own financial competency despite mounting evidence to the contrary.

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Listen-Alike Value

For anyone who hasn't listened, this episode is a wild ride through self-delusion, entitlement, and the catastrophic cost of failing to face financial reality. It is both a warning and a masterclass in red flags—financial and otherwise—and makes for one of the most entertaining, revealing episodes of Financial Audit yet.

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Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube. Do you have disability?

[B]

I do have disability.

[A]

What percentage?

[B]

I'm at 100%.

[A]

What was your disability?

[B]

Mental health and a bunch of joint issues. Keeps me occupied.

[A]

Shut the up. Shut the up, guys. I am going to use my panic disorder for every excuse for everything I want to do for the rest of my life.

[B]

I mean, you could have joined the military and gotten compensated for it.

[A]

Also. How long have you guys been dating?

[B]

A little over a year.

[A]

A little over a year?

[B]

She's been 18 for a couple months when we met. What?

[A]

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[B]

Hi, I'm Tommy. I'm 31, coming from Houston, Texas, and welcome. Financial audit.

[A]

And I know chat. I'm with you as well. I wanted to have his fake name as Bing Bing, but we went with the most stereotypical white name I could think of, Tommy.

[B]

So yeah, Tommy's a solid name. And whenever you have Asians coming up with Asian names, same too.

[A]

So a cool first name. And we gave him the most generic fake white name ever.

[B]

But do you know any Asians whose names don't end with E?

[A]

Can you see me right now? As you were talking, I noticed they were very tiny, so I just wanted to make sure.

[B]

Okay, they are open. I can see you. Asians are very efficient in what we do. Come on.

[A]

You are, I know, so successful in everything. And I love it. I love it. Okay, so what are you doing Houston for a living? I really do appreciate you coming over.

[B]

So I work as a quality control analyst, trainer. I've been with my company for eight years to my current role. Years ago.

[A]

What do you make?

[B]

About a year ago, I was making close to 200,000 a year. And then overnight the company flipped a switch and that got cut to 60,000.

[A]

That's like 200 to 60. Yeah, 260 is crazy. When did that happen?

[B]

Base pay was kind of meh. It happened about May of last year.

[A]

So how the have you not left?

[B]

I don't have a college degree so

[A]

you have more experience. So you're 31 at this point.

[B]

But everyone, everyone wants me to have a college degree or a master's degree.

[A]

It says that on the application. But you with your experience. Now don't get me wrong, the labor market right now is not great. So yeah, that extra push would help. But you're still in that. But you're getting to that age range, age group. Well, how long have you been in

[B]

this position, in this role? About six years. And specifically for the training role, I've been at it for close to four years. Okay, so recently I did apply for that.

[A]

That is enough resume experience to go and get a better job instead of dishonoring your family right now.

[B]

I think my mom would be very proud of me. At least that's what she tells me. But actually that apply to some other roles. One of our competitors, actually that's newer on the market.

[A]

You don't have a non compete. Oh, okay.

[B]

They never enforce it because we, we've lost a lot of people to turn over to some of our other competitors.

[A]

Okay, well 60k, not great. What hits your account per paycheck right now?

[B]

Well, I, I don't think I really need to be here.

[A]

What hits your account per paycheck? I'll tell you to be here.

[B]

Paycheck, let's say 2500 a paycheck.

[A]

Okay, now I know you don't think you should be here. You're jobless. Whatever girlfriend is who made you apply, that's the one note I read besides all the fun racist ones.

[B]

She watches your show but I think it's mainly for the drama. I don't think she's learning.

[A]

Well, yeah, we got the tea, we got the finances. What's interesting is people coming for the tea, they exit with the finances. If she's not exiting with the finances, she's a little cuz it is very basic stuff. Okay, but she applied for you to be on.

[B]

Yeah.

[A]

Why did she apply for you to be on? Why are you someone that needs his girlfriend to apply for him to be on? Which by the way saying you don't need to be here. This is a thick stack of paperwork but it is going to take us forever to get through. I would suggest you're the exact person that needs to be here. But go ahead, tell me.

[B]

Well, I think part of it's because I did take that drastic pay cut. I had to cut back in my life expenses as well. Well then you finished being taking care of her. But I think taking care of her,

[A]

what do you mean taking care of?

[B]

She doesn't have a job. She's working on her education.

[A]

Is she trad wife, stay at home

[B]

or she would like to work? If she wants to trad wife it and stay at home, I'm fine with that too.

[A]

Are you sure? Because you had to cut back and not taking care of her. But she's in college. Okay.

[B]

Yeah.

[A]

So what degree is she on? How old is she?

[B]

She's. She's 19 and she's actually working on her GED.

[A]

Oh.

[B]

So, okay. She has health issues. She had to drop out of high school.

[A]

What's her health issues?

[B]

A lot of GI issues.

[A]

They're taking advantage of a 19 year old with health issues.

[B]

Not taking advantage. She's very happy.

[A]

Isn't it usually like a slightly older white man that goes for the younger Asian, not an older Asian that goes for the young white?

[B]

I assume it's equity and inclusivity. It sure is. I don't think it should be solely a white person role.

[A]

Fair enough.

[B]

To take advantage of. Yeah. I can pull up her Instagram.

[A]

So was she angry that you know, are you're no longer giving her this big spending life? So she sent you to financial audit also. How long have you guys been dating?

[B]

A little over a year, I think.

[A]

A little over a year?

[B]

Yeah. So she was 15. When's her birthday? She turns 20 in June.

[A]

A little over a year. Could be. So it sounds like almost a freshly 18 situation. That little over a year.

[B]

I. I don't think. I don't think that's quite true.

[A]

You don't think that's quite true?

[B]

She's been 18 for a couple months when we met. What now? How far back in her post are you?

[A]

Is she not like a sugar baby? No, she's kind of just like posting like titty bras and.

[B]

Well, when was that picture from?

[A]

I scrolled out.

[B]

Barely. She doesn't post a lot, so maybe you're looking at her from 30 years

[A]

ago, but it's all like skimpy, kind of like tall white lady.

[B]

Well, that's just society now.

[A]

Is she going after you for the 200,000? Is she leaving? Is she leaving you because you're not at that 200,000 anymore?

[B]

No, but she whines a lot like, I don't. I tell her no more because.

[A]

And she says, I'm leaving you.

[B]

Why not? No, she's not gonna leave me. But she's not. No, that's her brother.

[A]

She has an Asian brother even though she's white.

[B]

Okay. Her Brother is transitioned female to male.

[A]

I don't think that was transitioning from white to Asian though.

[B]

I don't know how Yalls genetics works.

[A]

What? No, no, no. Her brother is Asian. That's all I'm saying.

[B]

He's white.

[A]

Okay, so she wanted someone that looked like her brother. I mean, I couldn't tell if it

[B]

was Asian or Downs, but this is Texas, not Alabama.

[A]

Uh huh. Okay. I mean, she definitely kind of looks a little bit like a gold digger, but maybe not. Maybe not. I mean, how much have you given her?

[B]

I haven't given her any money, but I do.

[A]

Oh, come on. You pay for everything. I'm not saying like actually giving her money, but like things that you're getting her.

[B]

What, so like we go out to eat? I'll pay for all that. She wanted to go to the rodeo recently, but that's it.

[A]

No gifts?

[B]

I. I give her gifts for her birthday and Christmas. Like what? So this, I told her, is your gifts for the rest of the year because money's tight. She wanted to get into streaming. I gave her one of my old PC builds, Gold Digger streamer. We went to Micro center, got her peripheral monitors and mic and all that good stuff.

[A]

Okay, so why'd you apply to beyond then? I assume she wants you to continue to spend on her.

[B]

Probably, but I think because I'm having to tell her no again.

[A]

And how's she reacting?

[B]

She's never held a job, so she doesn't quite understand the concept of money in my eyes. Yeah, she started dating someone the moment

[A]

they graduated high school.

[B]

Once someone turns 18, they're an adult and they should be able to learn these things and take care of themselves.

[A]

It's not that I even disagree, but like, you can't also be surprised that when you got someone right out of high school.

[B]

I'm teaching her. I think it's going to take a while and maybe it's good being on here because she can see from you a third party person that, you know, maybe. It's not necessarily. I'm saying no because my finances are severely screwed up. But when people lose income, they gotta be able to say no to things and come back on expenses.

[A]

So you're grooming her into good finances.

[B]

It's not grooming, it's teaching.

[A]

You're her Mr. Miyagi.

[B]

Yeah, income goes down, you say no to purchases.

[A]

Uh huh. But really it's more just. You are saying no to her for you spending your money on her.

[B]

I still take care of her. I feed her, I try and Take her out when I can. But for some of those larger purchases like the rodeo, she wanted to go see Creed at the rodeo in Houston

[A]

and Creed at the rodeo.

[B]

Yeah, they're actually classic rodeo music, but it's $100 a ticket and she wanted to take her brother there as well. And it's $300. And her.

[A]

Why is she with you?

[B]

Why do you mean why is she with me? Because I'm. I'm a nice guy or she tells me I'm a nice guy.

[A]

How'd you guys meet?

[B]

Facebook dating.

[A]

Oh, what the. This show and Facebook dating and your friends opinions on this?

[B]

They say I'm a lot happier compared to my past relationships.

[A]

What other opinions do they have on this?

[B]

They haven't expressed them if they do have other opinions.

[A]

Okay. Except for the note I have from you to the producers that all your friends find it weird.

[B]

So I have, I have acquaintances that I'm not as close with. Uh huh. They, they find the age gap to them, they find it weird. But I've also like in the relationship before this, the age gap was the other direction where I dated someone who was 10 plus years older.

[A]

So the groom is now the groomer. Okay. I mean again, I don't really necessarily care. But she's the one that signed you up on financial audit. That's why you're here. That is a rarity. Usually people sign themselves up to be on financial. Your girlfriend, who you were sugar daddying, who you can no longer sugar daddy, who has no personal financial responsibility or education or job or income on her side that relies on you, has now signed you up because you are cutting back. That is unique. That has never happened.

[B]

I think that's me being responsible. And again you be responsible.

[A]

She signed you up?

[B]

Yeah, because I'm having to tell her no.

[A]

And she probably think how is this responsible? Oh well, how is any of this responsible?

[B]

We'll see.

[A]

Tell me how is having a stack like that, how is having a stack like that responsible?

[B]

Because a lot of people, they put all their purchases onto one thing. Me, I use my credit on the one thing on, on their debit card, bro.

[A]

This one's basically maxed out with hundreds of dollars in minimum payments. That takes 30 years to pay the top of my stack. Your business plus what business do you have? Business guy. What's your business right now? Entrepreneur.

[B]

So I, I have two businesses. One holdings company for structuring. The other one is a.

[A]

Okay, and what is your holdings company for struct?

[B]

Nothing at the moment.

[A]

Well, good thing it's only a 21,000 hours on a credit card with hundreds and hundreds of dollars of interest accruing and a brutal payoff period. But go ahead. What's your second business?

[B]

My second business is a claims company where I assist other veterans with filing disability.

[A]

Veterans? You're a veteran?

[B]

I am a veteran.

[A]

Okay.

[B]

Yes.

[A]

What veteran?

[B]

I am a Navy veteran and I was a hospital corpsman. I was assigned to a Fleet Marine Force unit. Infantry guys.

[A]

Very good.

[B]

So.

[A]

So what do you help other veterans

[B]

with and learning about the disability system and being able to learning in which

[A]

way how to get more disability?

[B]

No.

[A]

Are you the reason why disability claims have gone like this over the past decade? So all of a sudden, the past few years, this.

[B]

Well, we did get out of a war that's been going on for 20 years and we are jumping into.

[A]

Well, even during the war it was like this. And then a couple years ago it

[B]

did this many years ago.

[A]

I'm talking about two years ago, but go ahead.

[B]

So the VA disability system has not been the most efficient. About 13 years ago, there is a backlog of over a million claims.

[A]

Yes.

[B]

Naturally, as contractors come in like the one that I work for, the backlog gets cleared and you're naturally going to see a spike in the number of people.

[A]

Yeah, but they're. It's not even just the number of people. The percentage of the, like the actual percentage that's being attributed to someone has dramatically skyrocketed.

[B]

I'm not sure if I agree on that.

[A]

It's in the data. It's not really agreed upon.

[B]

It's like it's either that.

[A]

Okay, it's on screen now. Okay, I'm sorry, I don't have it right here, but we're. We'll fact check in the editing.

[B]

Part of the reason there. There are a lot of companies known as claim sharks out there where they see the veterans applying as a paycheck, a blank paycheck. They put in paperwork. They don't treat veterans.

[A]

Do you have disability?

[B]

I do have disability.

[A]

What percentage?

[B]

I'm at 100%.

[A]

What was your disability?

[B]

Mental health and a bunch of joint issues.

[A]

Okay, and is that actually from your service, being a medical person?

[B]

Yes.

[A]

Or is that what your body would be at today, including mental. I have mental health issues. If I went in the military and, you know, didn't get any of them from the military, it's just because I have mental health issues. My panic disorder, I could still get a claim and say it's because of the military. You understand? That.

[B]

Well, if. If you had panic issues, they wouldn't allow you to qualify for the military?

[A]

Well, I don't know if I had that at 18 or not, but if

[B]

you can prove that the military caused your mental health issues, how can you prove that? There's a whole review process.

[A]

How'd you prove it?

[B]

So, me, I went through the disability claims process for eight years, and in 2020, I filed an appeal with the veterans.

[A]

What's your joint issues?

[B]

Musculoskeletal issues. Being with infantry, I got to wear body armor, got to wear my helmet, 100 pounds of gear. I have my 30 pound med back.

[A]

How frequently were you doing that?

[B]

At least every month.

[A]

Once a month?

[B]

Yeah. One. Several days out of the month, two weeks a year. So I was in the reserves for a good portion of my time, but I did that for.

[A]

In the mental health issues.

[B]

The military can get very political whenever we're not actively undergoing war.

[A]

On your mental health issues.

[B]

Betrayal is a terrible thing. And the thing with betrayal is that it comes from the people that you trust, so.

[A]

And you just got 100% disability?

[B]

Yeah, I suffer from pretty severe mental health issues, which are. So back in 2015, I was diagnosed with psychotic disorder and major depressive disorder.

[A]

Okay. Is this actually from your service or was this something you would have had?

[B]

Regardless, the VA has determined it's due to my service. So like I was mentioning earlier, the

[A]

VA has determined that it's due to your service. The VA has determined that for a lot of people as of these last two years.

[B]

Well, I think my case is different in that I've been through the process for eight years. I filed back in 2018.

[A]

I'm not even against you getting this. You know what I want to reconstruct it as?

[B]

What do you want to reconstruct it as?

[A]

Let's reconstruct it as just a. If anyone served and they completed, you know, a full three or, you know, whatever, or that whole thing, let's give them a permanent pension forever. Let's not call it a disability that immediately people construe and get coached on and completely abuse a process. Because there's a lot of people that suffer for a long time that have experienced real disabilities, mental and physical, through their military experience. And you might be one of those people. I'm not dismissing that, but I am digging deep because we've just had so many false examples on this show, so forgive me for that. But instead of this system that is so easy to abuse, like any other disability system, by the way, whether that be losing a job. Unemployment, and that's food stamps. There's a lot of abuse we have in any kind of system. I'd rather have people go through their entire service and receive a pension for the rest of their life. Let's just do that instead of having to do this overly complicated system. And now it's being. Now people are actually manipulating it and it's bad.

[B]

I don't think that's necessarily the best way to approach it because there's plenty of people who do make it through military service without receiving any disability benefits.

[A]

Great. Put them all on a pension.

[B]

A common misconception with VA disability is everyone hears VA disability, VA disability. They think disability. Yeah. It's because you have a disability, you're getting paid for it. But the actual name of the system is VA compensation and pension. If you work a civilian job, say you're a construction worker, you fall, you hurt your back, you receive what? Workers compensation.

[A]

Yeah, but that's when they fall and hurt their back. We've had people that have fallen and hurting themselves in military, and they admitted on the show on camera that it happened when they were. When, when it had nothing to do with their military service. It just happened while they were a part of the military service.

[B]

The way the law set up. You know, if you're not happy with

[A]

it and it's okay to criticize it,

[B]

what do you think of doing, if anything, if. If they start from active duty and then. And all the way until the time they separate from active duty, anything that happens to them, whether it's on the

[A]

job, you're okay with that?

[B]

Yes, I'm fine with it.

[A]

Okay, well, you just said if there's something wrong, change it. Obviously there's something wrong. Because the only way to make any kind of social system sustainable and, and actually provide it to people who need it. Nope, you're not going to interrupt and actually provide it to people who need it is by making it sustainable. But same thing.

[B]

Everything bad that happens to you in the military is necessarily due to the job. One of the biggest issues in the military is sexual assault. Sure.

[A]

If you get sexually assaulted in the military, I think you should get disability.

[B]

Right. So why. Why is being sexually assaulted while not on duty? Say you got off work, went to the bar, and then you woke up not knowing what happened last night.

[A]

Why should that wouldn't happen when you compared it to a private workplace. That wouldn' happen in a private workplace if you had something that was off campus. Yeah, but that had nothing to do

[B]

with their job you sign a contract

[A]

for, your entire comparison has just failed.

[B]

But when you sign for the military, your government property for the entire four years, you don't become their property. When you clock into work and when you clock out, there is no clocking in or clocking out.

[A]

Well, you just said if you think there's a problem with the system, then advocate for it. And I think that would be a valid problem because as I was trying to say, the only way to make any kind of social system actually have longevity because this is becoming a larger and larger percentage of the budget went from 1% to 2% to I think close to 4%. Now it's quickly ballooning. And that while we are obviously spending way more than we make, the only way to make it sustainable is to actually correct it and make sure that those who need it, those who deserve it in a way that we all define get it. And even more so in that those who don't can't abuse the system. That goes for any social system. It has nothing to do with military service. But that also shouldn't be a sacred cow. We should be able to talk about anything in this country without being terrified of it.

[B]

Is taking steps to mitigate that issue.

[A]

Okay. Which is why it's done this.

[B]

Yeah. And recently they're implementing AI to go through veterans medical records and look for signs that are commonly associated with fraud. Because as I mentioned earlier, there are some companies. Yeah, but not all of those companies are nationally fraud mills where they don't treat the veterans as individuals. They rather see them as a blank paycheck. They try and get the veteran the highest disability possible because that results in more money for them.

[A]

We should clamp down on that.

[B]

Yeah, I agree with that.

[A]

But you don't think that's something that happens off base. What do you think we should change that system if something that happened to someone that has nothing to do with their service?

[B]

No, if it happened from the time that. When they entered the.

[A]

So you don't think you change those definitions at all?

[B]

No, I think the system is fine as it is.

[A]

Rather really fine as it is. We should enforce something that's absolutely ballooning in every way whatsoever. And many people who deserve disability getting denied while some people who abuse it are getting approved.

[B]

We got to look at why those people are getting. Are they getting denied because they're.

[A]

And why are people who don't deserve it getting approved? Can we not question that at the

[B]

same time, what's the determination for whether they deserve it or not?

[A]

Well, we would have to decide that. It's a society. But I think if one person who was working his second job fell from like an electrical wiring thing like we saw on this show, he fell from that, got injured. Nothing to do with his service. I don't think that person should get disability for the rest of his life. Had nothing to do with his service.

[B]

Well, the intent isn't to give someone disability for the rest of their life. Again, the intent is to compensate someone.

[A]

What the intent is. I care about the outcome. The intent. I think we all agree on the intent. The intent is to make sure that those who become any kind of disabled get the support from the system. No one is against the intent. I'm only talking about the outcome.

[B]

Right, but the rules are already in place there. It's just a matter.

[A]

Why is it being aggressively abused because

[B]

people can make money off of it. I'm not going to.

[A]

Then we should be against that. I don't understand why you defend something that's not working.

[B]

Because we shouldn't screw over the people that actually need it. Because I'm not suggesting to do so.

[A]

I suggested a pension plan for everyone,

[B]

but not everyone deserves it. Like if you work a job somewhere

[A]

for four years, they say they deserve it. No, but they're military service members. They obviously if you work a job somewhere for four years, you don't get free college. If you get a job somewhere, you don't get VA home benefits. You know, it's the same kind of thing.

[B]

But isn't. Isn't part of your argument that they're receiving this money for the rest of their lives? Wouldn't the same apply for a pension?

[A]

No. And this is like you. And those who have clipped me incorrectly are not actually listening to what I'm saying. I am saying it's unsustainable when we have a system where people can abuse it and not be questioned. Because it's a sacred cow in this country. That's what's bad. This portion of the video is sponsored by Kickoff. Nobody teaches you how credit actually works in your early 20s. You swipe a card, miss a couple of payments, and suddenly you're getting denied for apartments. Ask me how I know. When I first started paying attention, my credit was sitting at under 600. I wasn't reckless anymore. I just didn't know how to build it the right way. And that's where Kickoff helped. Kickoff makes building credit simple and affordable. Plans just $5 a month, no interest, no hidden fees, no credit check to get started. And users with credit under 600 grew an average of 25 points in their first month with on time payments. That's just from showing consistent good behavior. And here's why it works. A new account diversifies your credit mix immediately. Every on time monthly payment builds positive history and since the payments are small, your utilization improves fast. And with premium or ultimate you can even add rent reporting so the rent you already pay helps you build your credit only positive on time rent payments get reported. You can sign up in min on your phone and set up autopay so you never stress out about missing a payment. Start building credit with Kickoff today and get your first month for as little as $1. That is 80% off at the link in the description below. Must sign [e-mail] Caleb's Activate offer applies to new Kickoff customers first month only subject to approval Offer subject to change average first month credit score impacted plus 25 points and to score 3.0 between January 2024 and November 2024 for kickoff credit account users who started with a score below 600 who purchased at least one item with credit account who paid one on time in their first month. Late payments may negatively impact your credit score. Individual results may vary. Thanks again to kick off for sports sponsoring the video. Let's get back to it. You suck with money. So you download a budgeting app. You start with the classic one Ynab, but everyone just deletes it because it's way too complicated to use. So you go to everydollar. That's Dave Ramsey, the personal finance guy, right? Well, they're gonna force you to use it his way. That's not very personal finances. Rocket Money, they got a lot of commercials, but they're owned by Rocket Mortgage. Guess what they want to sell you in the end? Then there's the new guy on the the block, Monarch. Hundreds of millions of dollars of private equity raising so far. But private equity doesn't have the best track record when it comes to private data. That's why I like Dollarwise. Built by these people just like you for people just like you. No private equity, no gimmicks. Just the best budgeting app there is. Download it now, start the free trial. Dollarwise.com, link in the description below. You're not abusing a system. If we say everyone gets a pension, that's not an abuse, that's an automatic thing.

[B]

But if they're receiving it for the rest of their lives, just for serving in the military.

[A]

Yeah.

[B]

Wouldn't that also lead to the same old system?

[A]

Potentially it would probably be less amount per person.

[B]

In what way?

[A]

Like it would probably be less amount of money.

[B]

So me, right Now, I receive 4,000amonth for being 100% disabled. How much would you propose someone receives for a pension?

[A]

Buddy, obviously I don't have a proposal in front of me with a mathematical amount, nor am I asking you to provide an amount of money that you think is valid or invalid for. For people that wouldn't be. That wouldn't be fair in this argument.

[B]

Yeah. Well, coming back to my point on my. My business. Yeah. Are there companies out there that promote fraud and see veterans as a blank

[A]

paycheck, which you're not willing to criticize

[B]

more than just lightly because it's 100%. If. If.

[A]

But why call me out on it? Because that's my entire argument.

[B]

Well, if we have to preserve the sake of. Of the system. I don't know if that's not the word.

[A]

If the system's. Why preserve. Why sacred cows?

[B]

We preserve it by enforcing it.

[A]

Do you think Social Security is successful in this country?

[B]

No.

[A]

Okay, then why preserve this? As you said. What did you say? Sacredity.

[B]

The sanctity. How about that?

[A]

Sure.

[B]

Sanctity.

[A]

It isn't working. It isn't working by, what is it, the mid-30s or by 2040? At that point, every single dollar that comes in Social Security is going to go completely out. That is the definition of a Ponzi scheme. That clearly isn't working. And just because Social Security is helping a lot of people doesn't mean we shouldn't question it or try to make it better just like this Again. I want anyone, anyone in the military who has served that has become any kind of disabled to get disability, no matter what. But if there are issues, we shouldn't treat it like a sacred cow. That can't be questioned.

[B]

I think we can agree to disagree, but I'm gonna stand by.

[A]

I don't understand how there is.

[B]

We preserve the sanctity by. There's already the rules and reg regulations,

[A]

which is working so well because it's not being enforced.

[B]

And that's what's happening is the VA is implementing AI to start enforcing the process.

[A]

These AI Isn't everything on paper with

[B]

the va no, they've revamped the system, which is how they got down their backlog of million veterans to under a hundred thousand last I checked. Okay, so it's. It's significant process. The VA is making strides to help our veterans, and a lot of people

[A]

are going to be very against AI implementation. But we'll see.

[B]

I think AI has its benefits.

[A]

It certainly does, but I mean it's controversial. So we'll see if that actually helps. Okay, so good. I'm glad you got that because obviously that helps with your 2,500 that is coming in on a monthly basis. Now you got four in addition. Thank goodness.

[B]

So what does the second 2,500 bi weekly. About 5,000 total.

[A]

Okay, there we go. Well, there we go. See, immediately you're a six figure household because of your betrayal. Listen, I. I wish I could say you fully deserve it. You just couldn't define what happened to me. Now, a joint thing I get. But you wore something once a month.

[B]

Sometimes it feels like you come across as a bit of a know it all. Like, I, I don't want to talk about my mental health.

[A]

That's my issue is unfortunately I don't know it all. And that's why I'm trying to ask questions. I only can base things off the information I have. And if you're not willing to give me information I can't base it off of. But then also don't be upset if I make a judgment based off the limited information I have. That's your choice. So. Okay, what does the second business make?

[B]

It varies. I haven't taken on very many clients lately. But why? A lot of veterans aren't willing to advocate for themselves. That's something that I've noticed.

[A]

Okay.

[B]

A lot of them, they feel, I think it is an entitlement. But they hear verbiage coming from people like you and they get scared.

[A]

Who says? Unless you clip it incorrectly, like many groups out there have, if someone is disabled from the military, I want them to get more money. I'm that guy. So what do you mean? They should hear that and they should be able to advocate for themselves. So I don't know what the you're talking about. Endless victim complex freak. But go ahead, continue. What else?

[B]

I have another client I'm going through. He recently separated. So I'll take on very many clients again because not a lot of veterans advocate for themselves for various reasons. Some people get defensive about.

[A]

But are you a serial entrepreneur that doesn't actually do anything?

[B]

In the end, I'm helping people.

[A]

So no, not a serial entrepreneur.

[B]

I have a lot of ideas. Sometimes I can admit, I sometimes have too many ideas than I can handle. And that kind of leaves me jumping from one thing to another, not really things all the way through. So that's my other business. And with, with the credit card that, that you have here. In front of you. That's from my holdings company.

[A]

Company that has. Zero. Zero clients. $0.

[B]

Well, I have. I'm helping my mom start up her.

[A]

Oh, good. Oh, you the business guy helping your mom start up her business. What's her business about to be?

[B]

She's a licensed massage therapist.

[A]

And she's been an Asian licensed massage therapist.

[B]

Yes.

[A]

Brandon's going to be visiting her very soon.

[B]

No solicitations, but yeah, so I've been helping her with that. That's where half of the debt comes from.

[A]

What's your debt? How much debt do you got?

[B]

Quick calculations off the top of my head, like 550,000 range?

[A]

Well, yeah. $557,029.20. Did your mental disability. Cause that's.

[B]

That contributed to it, yeah.

[A]

You were betrayed by capitalism, it seems.

[B]

I was betrayed by people I knew in the military. That's why I suffer from mental health.

[A]

I don't. Okay, okay. Okie dokies. Okay, so why do you have so much that only half of that is a mortgage? Meaning the rest is just insane, insane, insane stupidity. What the. What? What is wrong with you? What is going on? But especially since. I mean, did you even have time to do this? You're starting businesses left and right, and you're in the military until. 22. 23.

[B]

23.

[A]

Okay. How have you had the time to accumulate two and a quarter million dollars of bad debt? No wonder your girlfriend, unemployed, who knows nothing about money, signed you up for. Sounds like she actually might know something about money. Her boyfriend's.

[B]

So I haven't had the start since leaving the military to focus entirely on my businesses. I was actually homeless for a while.

[A]

Why? Sounds like you're close to your mother.

[B]

No, my mother and I do not get along. But she's my mom, my lover, and

[A]

I'm proud of you. And you're helping her with her business. Okay, what about father?

[B]

I haven't seen my father since 2007.

[A]

Why were you homeless?

[B]

A big portion of it was making bad financial decisions.

[A]

Why?

[B]

In my early college years, no one taught me any better, and I was a lot more.

[A]

Well, no one's taught anyone any better. Most people don't end up homeless. Well, what happened?

[B]

I did a semester of college, realized I didn't like it. The military offered me a nuclear engineering contract where I. Yeah. And $100,000 bonus. My mom talked me out of that because she wanted me to go to school. Yeah.

[A]

Asians. Yes.

[B]

And then they're like, okay, well, if you want to stay in school, you can go into the reserves. You can be a crypto networker. We'll give you a $15,000 bonus. Top secret security clearance. Crypto networkers are like military hackers, essentially.

[A]

Sure. Why aren't you just going to school for what you want, though?

[B]

I dropped out. I wanted to go to school for psychology, and the reason I picked the job as a hospital corpsman was being embedded with infantry. I would have a firsthand knowledge of what they go through, and in my head, how can I help?

[A]

What were you trying to do? I'm so confused. How'd you end up homeless?

[B]

So I tried the college thing. Didn't work out so well. Lost scholarships, ended up in a lot of debt, paying for school. Why again? Because the VA wouldn't approve my educational assistance for many years. That's a big reason. Hurricane Harvey happened back in 2017. Lost my car, lost the place I was staying at.

[A]

Okay, that makes sense now. A lot of the Hurricane Harvey people, though, didn't they get, like, free hotels and like that?

[B]

Like, they flooded off me, so.

[A]

Well, you probably had to go somewhere. Yeah, I don't think people are just going around offering. You probably had to, like, look up the assistance.

[B]

You don't know. I don't know so.

[A]

Well. I mean, it was like, everywhere. But, I mean, I remember it. I was. I wasn't even in Texas at the time, and I remember seeing it, but. Go ahead.

[B]

Yeah, well, I. I didn't know of that. So. Lost. Lost my car.

[A]

Yeah, the car thing. I. I definitely get that. For sure.

[B]

For sure. And I. I already accumulated a lot of debt at this point, and I dropped from my last semester of college. I'm actually just 18 credit hours from getting my bachelor's degree, but I was going through some severe mental health issues at the time. Yeah, I just ended up homeless because of that situation. A friend of mine offered.

[A]

Sounds like it was mostly on you a little bit with the hurricane situation, but. Well, if you were able to afford that place, why couldn't you get another place?

[B]

It was all my friends that I knew that were giving me rent for cheap.

[A]

Were you in rent for cheap? The house that you lost?

[B]

It wasn't my house. I was renting it. So after I dropped out of school, a friend was renting me out a room in his place for 450amonth, which is pretty cheap. Back in 2017.

[A]

No, that's great.

[B]

And I. I, you know.

[A]

Okay. How long were you homeless?

[B]

My goodness, probably for a year.

[A]

A year?

[B]

I was couch surfing for a while, so. I would sleep in my car for a few weeks, crash at one friend's couch for a few weeks, and just couch surfing at the time.

[A]

I appreciate you coming over even though your girlfriend signed you up. As confused as I have a note to hear that even though you're completely. You're the one that went homeless, and you're like, no, I know more about money than anyone else my age is what you told Colton. You said, I literally understand money. Well, that's what. But you have a quarter million dollars of bad debt. How are you the money guy? The guy that knows everything, yet this is you. Your girlfriend signed you up to be on financial audit, and you're telling the producer coming in, I don't even need to be on this show. What the. What am I even doing here? I know everything about money. I know more about money than anyone else my age.

[B]

I've been watching a lot of the more recent episodes. My girlfriend's a big fan. And I see the people that.

[A]

I see you out there.

[B]

Gold digger that build up a lot of their credit card debt, buying unnecessary things, eating out all the time, taking trips all the time. Disney, Taylor Swift, stuff like that. And I don't do any of that. And when it comes to using my credit cards, I. I try and pay off the statement every month.

[A]

Okay, you did not pay off this first credit card within the month. You have a quarter million dollars of bad debt, and none of that lines up with anything you're saying. What the are you talking about?

[B]

So that. That card was 12 months, 0% interest. Not deferred interest, but 0% interest. And I've basically been waiting for my mom to pay me back on the stuff that was used to start up her massage shot.

[A]

What? How much did you give her?

[B]

At least 10,000.

[A]

Okay, that's 10,000 out of a quarter million dollars of bad debt. I understand 10,000 is a lot, but even so, that doesn't account for a quarter million dollars of bad debt outside of your mortgage, which is an additional quarter million dollars.

[B]

Yeah. So the other. The other 10,000. I've paid a couple thousand off, which is why the balance is what it is instead of higher. I. I'm pretty big into guns, and I want to start my own firearms company. So I purchased the.

[A]

What are you not trying to do? This makes no sense.

[B]

I have a lot of.

[A]

So what'd you do? How much have gone into that?

[B]

Probably 15,000. I paid close to 5 to 6,000 off over the past several months. But I am coming up on the end of that period.

[A]

What are you talking about? I'm not seeing debt. What are you talking about?

[B]

The zero percent interest.

[A]

What is your debt paid off? I'm not seeing that. You're a quarter million dollars in bad debt. No, you're not. Every time some people. No, you're literally not. Where is it? I see it. Nothing.

[B]

We'll get through some of the stuff.

[A]

You literally just got $50,000 from back pay and used it on endless impulse purchases.

[B]

I did get a bit overboard because A what? I went overboard? Yeah. I've been fighting with the VA for eight years and six years going through.

[A]

But you spend it all on bullshit. Instead of the stuff that we as the tax paying United States is supposed to be helping you and supporting you.

[B]

Like you mentioned earlier, it's an entitlement. The VA determined I'm entitled to that compensation.

[A]

Okay, so you're disabled and you didn't use it on anything to help you with your disability?

[B]

I go to therapy.

[A]

It's not what you use it for. You spend it on bullshit.

[B]

Yeah, you spend it all on bullshit. I did buy a car.

[A]

I don't think that's why we provided it.

[B]

I did buy a car and I use that for therapeutic reasons as well.

[A]

What?

[B]

Because of my mental health, I tend to kind of just drift off. So, you know, I go, I go work on the car and then it helps me get better. I have something to focus on.

[A]

Mental disability to you means nothing. That was a horrendous definition of mental disability. You literally just took any time anyone says they're mentally disabled. You just took that and made it meaningless.

[B]

I was talking about what I do

[A]

to car to work on because of mental health.

[B]

Different people cope in different ways. Some people.

[A]

Buddy, you just meant that this is about. So he advised you to use $50,000 of the government paycheck for a car for therapeutic reasons?

[B]

Not to that extent. But they advised me to find a hobby, to give me stuff to do other than sit around doing nothing all day. And that's exactly what I did. And I view the car as a good investment. I can fix it up, I can resell it for a good amount of money later on if I decide to do that. So I thought this through already and I think I put that to a good use because it's going to give me something to work on. I'm going to keep going to therapy with the va.

[A]

I'm not saying don't. That's. No one's against the therapy thing. It's that you blew all Your money immediately. All the bad blow.

[B]

What do you mean I took away

[A]

a million dollars of bad debt? There's no money anywhere. What the are you talking about? You didn't blow it.

[B]

There's money tucked around here.

[A]

Where? Where? Where?

[B]

Where?

[A]

Where? Where you have a little bit of investment, but nothing compared to where you need to be at 31. And you have a quarter million dollars of bad debt. The money is nothing. You are negative net worth substantially. It's not even close. What the are you talking about? Okay, so that's why your girlfriend signed you up. Year old is more understanding about personal finances than you. I think she's smarter about money than you. And she said you need to get your ass in front of Caleb Hammer because you're a dumbass and you're going to up the rest of our life.

[B]

I did. I did take that big pay cut. So I'm. I'm still working on getting adjusted.

[A]

It doesn't matter. To us for your betrayal. You make over 100,000 hours a year.

[B]

I was making 200,000 before I started.

[A]

Doesn't matter. You still make great money in a not expensive major city. You already have a mortgage.

[B]

Houston's a very expensive city.

[A]

Not compared to most major cities in the United States though.

[B]

I'm not moving there.

[A]

Huh?

[B]

I'm not moving to the States.

[A]

Exactly. But you can do okay on a hundred thousand. Over a hundred thousand hours a year in Houston.

[B]

Well, apparently I have a lot of bad debt.

[A]

No, apparently you are just bad with money. And your girlfriend sees it and sent your ass over here. How can you tell Colton that you don't need to be here? That you are good with money when you're the guy with a quarter million dollars and in bad debt who blew through $50,000 of back pay on bullshit and says because you got betrayed you need to get a car to work

[B]

on Now I need the car for my mental health, which I view as therapeutic. I work on stuff. I resell it. And it's not therapeutic investment.

[A]

That's not therapeutic. That is what we call a hobby. And hobbies are good. And I want you to have a hobby. Exactly. But you are coping by calling it a mental health investment. You just need a hobby like any other person in this world. Because everyone needs hobbies. That's just normal living.

[B]

I consider it a good financial investment too. I got the car.

[A]

How many of these cars do you have?

[B]

I have three vehicles total.

[A]

How many have you had since you started?

[B]

Over the years, probably a dozen or so.

[A]

Oh my.

[B]

I have the worst luck with cars.

[A]

Worst luck. Yeah, but thank goodness it's because you got betrayed. So you can use that as a cope help.

[B]

I just get bad luck with cars. Like one of my cars.

[A]

Hey, that many bad looks in a row? Stop.

[B]

You need a car to get around.

[A]

Oh my, yes. Have one solved your issue. What the wrong with you? What are you doing? What are you talking about? That's the worst cope I've ever heard in my life. You don't need three cars to get around. That's the worst cop I've ever had.

[B]

One car is for a daily. I gotta get a.

[A]

You. That's the only car you need. Die. Go. What do you mean? Why do you need the other work?

[B]

I do my own repairs on the house. Oh, shut the up. I need a truck to move lumber when it floods in Houston.

[A]

Lumber?

[B]

Yeah.

[A]

Why are you moving lumber?

[B]

Because I need to repair the house. I gotta get going.

[A]

What the is happening to this house?

[B]

It's. I bought an older house, okay?

[A]

If you need to move some stuff from Home Depot one day, rent a truck for 50 bucks, you're fine. You do not need to own a second vehicle.

[B]

Yeah, but it's when you have a quarter million.

[A]

Yeah, but you own a quarter million dollars in bad debt as well that could be sold and help go towards the debt. You have an excuse for everything. No accountability.

[B]

I wouldn't have excuses. I've thought through all.

[A]

You're right. It's a horrendous cope. Your thought was nothing and that's why your girlfriend has sent you here. And I know your friend that came here with you thinks the exact same thing as me.

[B]

Well, that's why I have the friends that I do. We keep each other in check.

[A]

Except you just don't go in check though. You don't listen. You just think you're the guy. You're the fucking guy. You are the guy. He's not the guy. I am.

[B]

I. I'd like to think I know. I know better than most people.

[A]

Yeah, which is why your two businesses are complete failures. And same with the one that you invested in your mom's masturbatory business.

[B]

Well, it's a massage shop. She doesn't do those kinds of things. Huh? That's true. She's in her. She's. She's an Asian lady in her 50s. Like. Well, she's not going to be doing that kind of stuff.

[A]

I think that's who does it, isn't it, Brandon?

[B]

How would you know?

[A]

That's why I'm Asking Brandon. He gave me a yes.

[B]

Oh, okay. So you found out from Brandon. Who does yes.

[A]

He's a rub maps pro. He's the one who showed me that website. That and another guest on the show. It's kind of crazy. It's too risky for me to do it in my position. Okay. What do you think your financial score is 0 to 10.

[B]

Say like a 4.

[A]

See, you just. You think too high of yourself. I don't get it. You bought a Hummer to help with your rain and flooding. What the are we talking about?

[B]

It floods in Houston. I need to be able to get around.

[A]

You went through one bad experience. If you want your Hammer Financial score, get it for free@caleb hammer.com just takes a few minutes to get your score, take the assessment, see where you're doing well, where you're doing bad, what you need to do to do better. And if you don't want to be like a guest who ends up on the show, make sure you download the Dollar Wise budgeting [e-mail] or in the app store. All those good things. Take a free trial to see if you like it. I promise you will because most people go for the full annual version because it saves them 50%. And you get my personal daily meal plan that me, my team, with a chef we made. It is incredible. Includes drinks and snacks. It is for every day of the month. It is a meal plan that makes you actually healthy, sustainable, meal prepping, and within a budget. Check it out. I'll sign that, mail it directly to you. Go to Dollarwise.com okay, financial genius, why the you have 21.101.13 on a blue business plus credit card while your businesses make $0.

[B]

Tell me, genius, please, about $10,000 of it was to help my mom straight.

[A]

How much money are you getting from that on a monthly basis?

[B]

She's trying. She's working on.

[A]

How much money are you getting? Huh. That's interesting. How'd that happen? How long has it been open?

[B]

About nine months now.

[A]

Oh. Oh, wonderful. Why haven't you gotten a penny? Well, it's on a credit card that takes 29 years to pay off. Your girlfriend will have finally graduated high school.

[B]

So my mom has some financial struggles as well, and.

[A]

Oh, that's why I give 10,000 hours to.

[B]

She's. She's been using the money to pay off her other debts. And I love my mom trying to help her out. She raised me.

[A]

You can love someone and not support their bad behavior. Also, while your entire life quarter Million dollars in bad debt.

[B]

I think I have the cash tucked away somewhere to pay that off if I needed to.

[A]

Objectively. No. I have all your savings here, buddy. Your best account is an investment account. And it doesn't even cover a quarter of that. In fact, it only covers 10% of that. That's not even your entire deposition. It only covers 5% of your entire deposit. You're. You're. Shut the up. That's not true. You're a liar.

[B]

I have enough to cover that card, at least, first of all.

[A]

But then you would have to sell. You'd have to pay taxes. You'd be. Shut up. And also, even still, you gave someone who's irresponsible bad with money. Money. When you can't pay off your debt, you might be able to pay off a card. 10% of your total bad debt position. 5% of your total deposition. So shut the up. Stop putting yourself on this elevated level. You're not there. You're not the guy. Oops. That's kind of stupid. I'll be honest. But what's not is actually getting a checking account that gives you free money. Free money. We like free money. You can get up to 350 in bonus cash right now when you sign up for the checking account that I use. Chime. Also. It makes your savings grow at a 3.5 APY interest rate. Guys. You can watch Financial Audit and get free money at the same time. Who would have thought? That's incredible. Check it out. Link in the description below. Sign up for chime. Get that $350 right now in your checking account. In the next 30 seconds, I'm gonna make you richer. Thank God. So listen up. I know I've been skeptical of this in the past. I've warned thousands of people to avoid it. I've lost my boy. Scraping a dumbass is a financial order for falling into the trap. But this is different. This is special. I'm finally announcing my biggest project today. Rug Pull Coin. That's right. I'm betting big on crypto. And I want you to bet with me. Because Rug Pull Coin isn't gonna be a bet at all. Really. It's gonna be a win. A big win. Huge. And when you click that link below, you'll get exclusive access to exactly one Rug Pull Coin free. I'm only giving away a thousand of these bad boys. So smash that button. Get in on the next big thing in digital assets. We're taking Rug Pole coin to the moon, baby. But hurry. This is completely real Internet money. And it's not gonna last forever. So hit that link and get ready to ride the coin all the way to retirement. $211 minimum payment. Lucky you got the disability coming in because you got betrayed, so that's good. And because of that, now you can make a payment. But before that, I don't know how you would do it, do anything. The rest were guns.

[B]

I'm kind of being told gun, gun, gun parts, gun manufacturing equipment.

[A]

So how much have you spent on guns? Gun manufacturing equipment. You're manufacturing guns?

[B]

Yeah.

[A]

You're trying to start your own manufacturing company of guns?

[B]

Yeah.

[A]

You have the proper licenses for this?

[B]

Yeah, to. If I sell. If I manufacture, to sell to other people. I need licenses, but I'm keeping them for myself. Just to get the experience. On it.

[A]

Oh, my.

[B]

So I. This is the United States. We have the Second Amendment.

[A]

We certainly do. But you need licenses to sell them

[B]

if it's a gun business.

[A]

I thought it was a business. I thought you were investing all this for a business.

[B]

Well, I need to get the experience first.

[A]

I'm not for your mental health. You need this hobby?

[B]

Partially. It keeps me occupied.

[A]

Shut the up. Shut the up.

[B]

No.

[A]

Shut the up. Guys. I am going to use my panic disorder for every excuse for everything I want to do for the rest of my life. Apparently, you can just do that and no one will question it because you look like a bad guy.

[B]

I mean, you could have joined the military and gotten compensated for it.

[A]

I think I'm doing okay. But also, I mean, I appreciate everyone who signed up. My cousin, who I grew up closest to, like, literally best friends, couldn't separate us from the hip. He went into the military immediately. I love that. I don't know if he was getting any disability, and if he did, I hope it's because something actually happened. And if he didn't, I hope that's good that he didn't get something, because I hope he's not disabled.

[B]

Well, I hope he's not disabled, too. And again, this is for compensating people who aren't able to earn as much due to a disability.

[A]

We're not going down that again. We already went around that circle. I'm just saying I didn't need to sign up to get an extra check. I'm not complaining about your check if you deserve it, but all you're saying is you got betrayed. So if I don't have the full context, I don't have the full context. Shut up. But you cannot say I need to spend a shit ton of money on 12 cars and all this gun manufacturing cause my mental health. Everyone can just use that excuse for everything in this TikTok age. So how much have you spent on guns? Not a business, manufacturing, not a business, no licenses.

[B]

Probably throughout my adult entire adulthood. Probably close to 40,000 or so. But I do end up profiting on some of it.

[A]

Some of it how? I thought you can't sell it. What are you profiting?

[B]

I can't sell the guns that I manufacture, but I also collect and buy other firearms like gun to gun shows. I have an eye for rare things. Sometimes you find a unicorn and you resell it for profit later on.

[A]

Okay. I'd say half an eye but narrow

[B]

visioned would you say?

[A]

What else?

[B]

Yeah.

[A]

So $40,000 on guns, some of them making collection. How much into the manufacturing?

[B]

Between parts and the tooling? Close to 15,000 or so.

[A]

What have you made so far?

[B]

If I proceed with it, I'm gonna have to eventually make it.

[A]

No. What kind of gun have you made?

[B]

I've built some AKs, some ARs. They're gorgeous stuff. I found the Russian parts kit from back in the Soviet Union days, turned it into a functioning firearm and it's gorgeous so I'm happy with it. Oh, would you like to see?

[A]

Nope. What else do you collect? Because I'm being told you you spend a ton on collecting a lot of things. Oh, what luxury suits? No, not this one. That's not. This is.

[B]

It's Armani, bro.

[A]

It looks like literally anything you can get off the shelf in Walmart.

[B]

Yeah, but you got part of. It's the tag. Like you're. You gonna show someone a Walmart?

[A]

How much was that?

[B]

Take a guess.

[A]

No, I wouldn't, I honestly wouldn't know. That's not me, man.

[B]

It retails for 1500 but I picked it up for 20 bucks. I'm a thrift shopper.

[A]

Okay, okay. I'm okay with that. 20 bucks is okay. How much you spending on suits?

[B]

I thrift almost all my suits. Because you can get fantastic deals on them.

[A]

And you do Armani or Armani Express?

[B]

Armani, the actual Italian stuff. And I do Jose Banks for their wool.

[A]

Okay. None of this means anything to me. I think you just spend money. And let me guess, that's for your mental health as well.

[B]

No, I just don't for the suits. They can be used for a wide variety of situations and a good suit will last you a lifetime.

[A]

Great. And you're not doing it any justice right now. Like why the even wearing it? It looks Horrendous. And number two, your friend also thinks you're completely lying on how you got this suit just to justify it and not look bad about likely spending 1500 bucks on. On it. Your friend who came here, who I

[B]

saw, he can't prove I spent 1500 on it. And you can't prove I can't prove I spent only 20 bucks on it.

[A]

You could if you gave me the receipt.

[B]

I got this years ago.

[A]

What? How'd you spend. How'd you pray?

[B]

Cash. It's a thrift shop. You ever heard the Macklemore song?

[A]

I go to all the time. My girlfriend likes thrifting. We use credit cards.

[B]

I like cash. I carry cash with me. I think cash is still king.

[A]

Objectively. No, actually. In fact, you just make everyone's life more miserable when you are checking out with cash and coins like a weirdo.

[B]

Contractors love cash.

[A]

Yeah, so they don't pay taxes. 29 years to pay off. This is so stupid. So stupid. So it's guns and then to your mom, which would be a cash advance anyway. Like, I don't understand that. Or did she spend it on the credit card? How'd that work?

[B]

She purchased items on the credit card and then she would pay me back

[A]

two months and then it goes to 26.74%. At least it's not deferred interest. But. Oh my. This is about to be bad.

[B]

So bad. And I. I can acknowledge it's bad. And that's why I'm not panicking too much about it, because I do have money around. Like, yeah.

[A]

Oh my gosh, buddy, you are so broken on this. You can pay off a card of your $250,000 of bad debt, though you can pay off maybe 25. Maybe 25. And of which you'd have to pay, except maybe penalties and taxes, so maybe not even the full card. You don't know what you're talking about. I don't know where this arrogance comes from, this hubris, the self confidence that you can take care of shit when mathematically you can pay off at best 5% of your debt before taxes and fees. 5% and you're comfortable? What is wrong with you? That makes no sense. Your girlfriend was right.

[B]

I was living pretty comfortably until was.

[A]

I don't give a about was. Was means nothing. I don't give if you were. I don't give a shit if you was living bad years ago, if you are now living good. But it's the opposite. And I only care about the fact that you are now living like shit.

[B]

I don't think it's all my fault, though.

[A]

Oh, whose fault is it? It. No accountability. Whose fault is it? Huh? Who is it?

[B]

Some of the solar companies are pretty scummy, man.

[A]

Solar companies?

[B]

You have someone in Houston and Cloudy.

[A]

Houston. Okay, yeah.

[B]

Like, why are they gonna sell me solar if the price.

[A]

So they can make money. What do you think sales is? Dude, are you a. What? Wrong with you? Yeah, but I mean, why'd they sell me?

[B]

So they tell me something else.

[A]

Is it in the contract? Are you gonna sue them?

[B]

Yeah, well, I'm thinking about it.

[A]

Okay, well, there you go. You're probably going to lose, cuz you have no idea what you're talking about. About anything. I'm clearly learning that every time you try to do anything, you completely fail at it. When's the one time you've been successful? I don't see anything. You're half a million dollars in debt.

[B]

Quarter.

[A]

Half of that is horrendous, bad, disgusting, ruinous debt. Where have you ever been successful in life? What have you ever done that has been successful? Please tell.

[B]

I went from being homeless. No car, no job.

[A]

No, no, no, no. If you started homeless, sure, sure. But you went to the homeless because of your horrible behavior and going into horrendous debt for no reason whatsoever. It's not like you started there, you started here, went here, and now you're here. You're still in a bad spot. Yes, you're not as bad as you were at homeless, but you're still much worse than you were overall before.

[B]

Well, the va. The VA could have prevented that if I had received.

[A]

You could have prevented it if you weren't going into horrendous death for literally no reason.

[B]

If the VA had approved my disability.

[A]

So you need support always. No matter what. You can't do anything on your own.

[B]

That's part of the disability system. They can't.

[A]

I got you. But you went into debt. You went into debt for things you did not need.

[B]

That's all I heard growing up. You got to go to school, you got to get a degree to get a job.

[A]

Sure, sure, absolutely. And guess what? You didn't have to. You didn't have to.

[B]

Part of it. I consider it a blessing because that's what got me to the position that I'm in today. It's been difficult finding work without having a degree.

[A]

Not. Not necessarily without the degree, buddy. I mean, we all. You got a $200,000 job without a degree. I got. I did my $100,000 sales job if you're good, if you have experience of what you do. And I believe you could actually use that. I believe you can use that because I think you do have skills in your position. I mean, I'll get you a course career certification to extra boost your resume. That'll help you. A lot of people in the audience have converted those into six figure jobs, so I'll get you one of those, but for free. Up to you which one you want. But certainly in the tech world, if you want to keep doing that, I think. I think they actually have something quality assurance related. I might be mistaken on that. But I'll get you set up with a free course grid certification for sure. Okay, so what's going on with synchrony?

[B]

What's the balance on that one?

[A]

Well, $1,899 been in charge of.

[B]

So I think that was Dream Carnival. Dream Cruise. Oh, my.

[A]

Oh. Oh. Its current balance is substantially higher. Oh, it's current balance is substantially Me. Me in my entire life. Pull it up. Pull it up, your little tit. It is 10,000. Never mind. You don't need to pull it up. It is $10,111.74. What the are you doing, you little shit?

[B]

That should be like 8,000 tops.

[A]

Nope, because you already had a balance there. Tops. Tops. Shut up. What were you doing? What'd you do?

[B]

I was buying art.

[A]

You bought art on a cruise?

[B]

Yeah. I had no decorations in my house. I've been there for three years.

[A]

So I don't want to hear mental health. I don't want to hear wow, homelessness because of VA. You're choosing to buy $9,000 of art. 8,000. $8,212 of art on a cruise because you didn't have art in a house. You're not a victim of this world. You are the victim of yourself. You can't control your shit.

[B]

It feels like being in a.

[A]

It doesn't matter. And also, here's the thing. Go to at home, spend a few hundred bucks, and you're fine. You didn't need to do thousands of dollars on art.

[B]

It was a good investment.

[A]

No, no, no.

[B]

That's what the cruise people told me.

[A]

So you fall for everything. Yeah.

[B]

I love my mom.

[A]

It's business.

[B]

I'm here to. I'm here to help her.

[A]

Yeah, but encouraging bad behavior while you get sold into solar, while you get sold into art on a cru. Art on a cruise. Just hear those words, Art on a cruise. You think that's where the successful art collectors Buy their art guy.

[B]

Oh, it was through park west, which is, as they pitch in their line, the number one art dealer in the world.

[A]

Buddy, you are willing to be sold on anything, regardless of what you are

[B]

willing to be sold.

[A]

Good. Sell it.

[B]

Maintains its value. I can.

[A]

You gotta pay off debt. You can't.

[B]

I can, but I also got the frame. I'd be upside down. Quite significantly. I don't see the points on it because I had to get some of the art framed and that costs money. It costs a lot more money than I thought it would. How much for six of the art pieces? It was about $5,000.

[A]

Dude. Okay, semi attractive. Gold digger. Leave him. Date Brandon. You'll be better off. Brandon. You'll be attracted to her. It's fine. This guy is insane. He will fall for anything. Bing, Bing is out. Bing, Bing is out. B Dog is in. Okay.

[B]

I don't think she would leave me.

[A]

Why? How. What do you have? What are you offering?

[B]

I, I, I.

[A]

This makes no sense. You're insane. This art thing. 5,000. 5,000 hours of frames. Your mom's business and this moronic, moronic solar. And then your endless businesses that you start and can't do anything. Thousands on gun manufacturing of which you have no license for. Buddy, you are in. Insane.

[B]

Yeah, well, I, I don't need a license yet for the gun stuff, but.

[A]

Okay. Show me a picture of painting. Best one. Or let's just see them all. Let's just see them all. Who painted them?

[B]

Have you heard of Thomas Kincaid?

[A]

I actually think so. I actually think so.

[B]

Yeah. So maybe let me find the.

[A]

In the originals.

[B]

The more expensive pieces. Yes.

[A]

And the not more expensive pieces.

[B]

Those were a really good deal. And group bundled. They're still signed. They're still numbers.

[A]

Buddy, you dumbass. Here. I just gave you something just as valuable. Dude, you are.

[B]

This. This could be worth big money someday. Someone gotta ask Steve Jobs.

[A]

Start a screen recording. Well, I sign all our cookbooks and meal plans, so I'm decreasing the value daily. Well, there's the frames. Great. I want to see what the art looks like. Okay. Is this the art?

[B]

If I click on these, probably won't show up bigger. That's part of the invoice. So I like. I have the paintings themselves.

[A]

Goodness.

[B]

Looks good, doesn't it?

[A]

That one's. That one looks AI generated. Because it looks AI generated. Okay, let's go here. Okay, this one's okay, but it also just looks like a classic. Look, I'm in a hotel that hasn't been renovated in 30 years painting, so I don't know why you'd want that anywhere. Again, this is AI generated. I know that. Actually. I know this one. Is that one original?

[B]

No.

[A]

Oh, you. The one that's actually recognizable.

[B]

I think I got old school.

[A]

This is in a church that was built 40 years ago. This one is actually halfway decent, but still. Again, that looks like AI Gener. Oh, buddy. Oh, you that. Oh, you are so. I'm sorry. Why is she with you? I have no idea. I'm gonna call her in the post show. We're calling her in the post show. Okay, so minimum payment now must be like. I don't know, what is it? You know what it is.

[B]

So that one's 18 months deferred interest.

[A]

Doesn't matter. What is the minimum monthly payment is my question that I asked.

[B]

I don't know the minimum, but I'm.

[A]

What is the minimum? You?

[B]

I don't know, but I'm gonna put 450 towards it to pay off the whole balance.

[A]

Well, you basically have to to. So I will put that in parentheses. But 450 show the minimum is like 150. I'll do that. My goodness. Answer questions. Piece of sapphire. What's going on?

[B]

That's what I used to purchase the frame. Some of the art pieces that I

[A]

just showed you going to absolutely die. You. You and the lady that did 15,000 hours or whatever it was for five pictures overseas. What is wrong with you people? What is wrong with you? Guests on the show. What is wrong with you?

[B]

Yeah, I got to hang it up. It protects the art. It helps maintain the value. It's a good long term investment. Maybe I'll pass it down to my kids someday.

[A]

Kids? What kids? Do you have kids?

[B]

No.

[A]

Oh, and is she gonna let you breed her while you're doing all this? Are you gonna show up with that sick staff?

[B]

She's been asking about it.

[A]

She's been asking about getting married. Everything up and she makes no money. And she has to to send you to a show three hours away.

[B]

I'm teaching her about financial stuff.

[A]

You're teaching her? Oh, shit. So she's going to double the situation. She's going to accumulate her own $250,000 of bad debt.

[B]

I'm hoping she can learn from my mistakes what you haven't.

[A]

You're justifying everything here. You're making excuses. Mental health. Shut up. Shut up. Have you hung. Have you hung the paintings?

[B]

No, they won't be ready till May.

[A]

How?

[B]

Because it's all handmade framing it's not like you're Walmart or home goods generic with those. These are valuable. Some of them, Some of them are originals and I think, I think Good.

[A]

Open the credit card, what, a few months ago for this?

[B]

So the, the saf. The sapphire. I've had open for about two years.

[A]

Okay. And then you maxed it out with this. Because when it's.

[B]

It's not maxed out. I have a 17. It's not maxed out.

[A]

But you put a shit ton of money on it.

[B]

Yes.

[A]

When?

[B]

This was in February last month. Yeah.

[A]

You pathetic worm.

[B]

Oh. So I got the, I got the art with the synchrony in January and then the art arrived at my house and I took.

[A]

It is wrong with you? You. $54 a month is your minimum payment.

[B]

Oh.

[A]

This year alone, 900 of fees. What was that?

[B]

That's part of the, the fee itself. So I, I.

[A]

What was that?

[B]

So.

[A]

Oh, the sapphire fee.

[B]

Yes. 7.95 is a sapphire.

[A]

What was the other 200 bucks for?

[B]

I, I did make a late payment. I know you're gonna yell at me.

[A]

Why? Well, not a 200 late payment though. You're late. You're buying paintings and frames for thousands while being late on the cars for those very things. You are such a stupid piece of shit. The lay fee was. What the is wrong with you?

[B]

Framing. The lay fee was for me for about the framing.

[A]

Alta Infinity Bullshit. Firearms. Firearms. Under $12 interest is accruing. It's all fucking stupid. It's stupid. You're being stupid. While you're also considering a brand new deal that you're getting sold on from AT&T offering four new phones for you for your six lines.

[B]

The phones, what? The phones are free. They sign with us.

[A]

You've already done it.

[B]

You've already done it yet. I'm thinking about it.

[A]

Buddy. You need to be done being sold to. You need to get into the sales because the best salesmen are the easiest to sell to. You need to get into sales. You're a moron.

[B]

I used to do life insurance and I was not a good sales.

[A]

Oh, then how are you so easy to sell to? You're so. You're such a. You're so easy to roll over.

[B]

I think to myself, and I don't

[A]

know is that you can betrayal your sales that don't end up being good because that's what you're going to claim a disability from these as well. Buddy, with interest and fees, it's almost a thousand bucks. What is wrong with you? I don't understand. You have several business lines for your phones. Your phones have several business lines.

[B]

So one for your businesses.

[A]

Those businesses that we talked about earlier, that makes zero. Hey, I have one phone number.

[B]

That's good. Are you taking advantage of the tax situations that you can with.

[A]

I think my CPA is pretty good.

[B]

Okay, that's awesome. So that's. Yeah. I. I like to keep my business and personal separate. I don't want.

[A]

I'm not suggesting the opposite. That doesn't mean. Get six lines.

[B]

Okay, so one. One line for myself, personal. One for my business so people can call me directly.

[A]

Four more left.

[B]

One One people ain't calling by the One for my mom for her personal line.

[A]

Oh my. She can do that herself.

[B]

One. One for her business because what? Oh, people are over there gonna be hitting up her address at 2 in the morning trying to be gooners.

[A]

Well, no, he. He doesn't.

[B]

She doesn't want that on her person.

[A]

He's taking someone home from the club at 2. He.

[B]

Okay, okay. So regardless, she doesn't want messages from

[A]

people like two more. Don't know why you're paying for her.

[B]

One for my roommate. So the LLC is a partnership and I have a business line for him.

[A]

What is wrong with you? With you.

[B]

It's a business expense. One more and then one is for my friend.

[A]

Oh my. What Good business expenses.

[B]

Yeah. So I.

[A]

The friend out there.

[B]

No, no, different. Different friend.

[A]

Okay. I got to call his girlfriend on the post show. I got to. I got to. And we also have confirmation that your mother will be jerking off Brandon in the post show. So make sure you guys subscribe to Hammer Elite. We'll see how twisty turny that thing is. If you want to land a high paying job but don't have experience or a degree, then you need to learn about course careers. It is the easiest way to land the high paying career that you've been dreaming of. I've done financial audits for hundreds of people and what I've learned is that the single biggest factor someone can take to improve their life is getting a higher paying job. And that is why I've been such a huge promoter and even an investor in course careers. The way it works is you simply go through an affordable online course to start a new high paying career path. They teach many different in demand jobs ranging from technology, sales to accounting, construction, project management, the trades like electrician, plumbing, H Vac, supply chain and many others that can be done remotely. And the coolest part about course careers is their platform works for people who don't have any previous experience or degrees. Their courses teach you everything you need to know to land your first entry level job. And they have a 100% free introductory course for each career that teaches you all about what the job is like, how much money you'd make and how exactly to land your first job was starting from scratch. Click the link below to sign up for one of their free courses today. Starbucks is bull and a waste of money and you already know that by making your coffee at home and investing the rest. So now you need to do that with your energy drink as well. Make Gamer subs at home for just 40 cents a serving. And honestly, it literally tastes better. And we proved this accidentally via a blind taste test in our Hammer Elite show. Fat and Fatter. The number one ranked energy drink is Gamer subs. Literally the cherry flavor is insane. Listen, you can also get free samples to see if you like it or 10% off your order at gamersupps gg or click that link in the description below. Type in code Caleb Platinum. What's going on? Oh, Pratrum.

[B]

So Platinum does offer a good benefit. I use that for a lot of my travel and I'm not spending any more on that first Amex with the.

[A]

Where are you traveling to? I thought you were supposed to be buckling down entrepreneur lock in.

[B]

So when. When I went to go purchase the car, I paid for a pre purchase inspection. The mechanic said everything's great. It checks out.

[A]

Yeah, I usually do.

[B]

The dealership said everything was great and then I transferred money for the car, flew in to buy it and for.

[A]

Flew into where?

[B]

To Wisconsin.

[A]

Oh for sake. What car?

[B]

1993 BMW 850 TI.

[A]

Okay.

[B]

V12, six speed manual.

[A]

All right, don't come. Okay.

[B]

It's a rare car. 850 of them.

[A]

I'm so excited. I'm thrilled.

[B]

I'm thrilled.

[A]

Old in my excitement.

[B]

So anyway, having learned from my mistakes in the past.

[A]

Okay.

[B]

I ordered a pre purchase inspection, mechanic checked everything out. I go up there, I pick it up, start driving back home. 400 miles in, the clutch goes out.

[A]

Right. That explains all the bullshit purchases on this car. What the fuck kind of story is this? We have delicate spur. Delicious spur. Michaela Jarin Hulu plus Beauty Inside out. Indian Summer Lounge. Going inside and getting some. Looks like you got an energy drink.

[B]

That was. That was from. From what? That was from when.

[A]

What?

[B]

It was on the cruise and we were.

[A]

What are you going. Yeah, you're stopping at the gas station, getting an energy drink. Right.

[B]

I was on the drive to the cruise.

[A]

Pick your flavor. These are the packs that come with gamer subs when you. Not the. These are the free samples. So you can get free samples of gamer subs right now so you can figure out what flavor you like the most. Then these are the packs. It's 40 cents a serving to make your energy drinks at home instead of stopping in and spending five bucks at the gas station like he did. You want goof juice? That's Charlie's. Or do you want rad sickles? Actually, I don't know what flavor this one is. Here, take goof Juice Juice. Goof Juice is good. It's strawberries.

[B]

Oh, I like strawberry. Thank you.

[A]

Make that 40 cents a serving, buddy. And you don't need your monster anymore. Okay, I'll give it a 40 cents a serving. Give it a shot. Everyone genuinely likes it. Genuinely likes it. My link below.

[B]

I've been trying to kick the monsters for a while.

[A]

Oh, there you go. Use that. It's horrific. Broadway street disabled veterans. You paid $2,060.

[B]

So they're a service organization that. So you. You have your. What people call claim sharks, which are private companies that charge exorbitant fees to help veterans with their claims. And then you have your veteran service organization because you were one. I. I work for a contractor that does the exams. My. My main business, I do it. My. My side business, I do it on a private fee basis. Those VSOs, they do it for free. So they operate off of donations.

[A]

Why'd you pay 2,000? You donated?

[B]

I donated today.

[A]

Do you have a quarter million dollars in bad debt? I love the donating heart. That is not a bad thing. I should donate to some veteran groups as well. Okay. Okay. I should because I want to be a big supporter. You don't have money. You're putting it literally on an interest accruing credit card. You're donating on a credit card you need to donate to making sure you are set up for success. Because when you are and when you live a good life and have good money, you are statistically able to donate more money throughout the remainder of your life than just one time while putting yourself in a hole. This is insane. 2060 on a credit card is.

[B]

Well, that was after I got my 50.

[A]

60. I give you put it on a credit card, moron. And then something automotive and then auto check. Okay, Those ones I understand, but dude, this is so stupid. You. You are everything. You are blowing money. You do not have micro center. Here we go. This is for the girlfriend, right?

[B]

Yes.

[A]

So sugar daddy, here we go.

[B]

She was wanting a higher end gaming PC that would have cost like $6,000. I told her no on that.

[A]

Okay, well you certainly didn't get anything high end for $1,397.38.

[B]

I had a PC from a few years ago that I wasn't using. I gave that to her. But I didn't have any peripherals like monitor, keyboard, mouse, mic. So I gave her my old $1400

[A]

of gaming equipment is actually pretty crazy, right? She just needed one monitor doesn't even need to be higher than 1080p. As long as she's a Lisa. 120 hertz.

[B]

She's. She's really good at games and she wants to get into streaming.

[A]

Good for her. I just defined like her minimum viable product needs. You didn't need to do this when you are only going further into debt on everything and you just put it all on this card. $1,397.38 at $50. What? How many monitors did you get her?

[B]

Two.

[A]

She's one.

[B]

One for her game, one for her stream.

[A]

She's streaming yet? She's working on Go yourself. She can do that when she streams then mouse, keyboard, pad, all that good stuff, I assume.

[B]

Yes, you. How is she gonna use a PC without that?

[A]

How's she gonna get a job?

[B]

She can get a remote job.

[A]

She should get a job now. If she has time to stream, she has time to clean. Nailed it.

[B]

I'm pushing her to getting her GED to finish her education. I'm also pushing her.

[A]

Why doesn't she do that instead of stream? Make this a win. Make. Make this what she gets. Because you have to baby her because you found someone while she was in high school.

[B]

Well that's. That's the agreement.

[A]

You became her daddy.

[B]

I told her like look, I'm not gonna get you your six thousand dollar gaming piece.

[A]

You the peripherals you should have gotten. If she completes her GED gaming PC. If she. First of all, you can't even afford a 6000 to gaming PC. How are we even having that conversation?

[B]

I told her no, no.

[A]

She gets this with ged. She gets that with a job.

[B]

There's more stuff that she wanted to get. And I told her no. Like once. Once I see her falling through with

[A]

her, I understand why she's saying you're. At least you'll go into debt for her. So Amex, you owe $454. What did you do on here?

[B]

I use that one for gas and groceries. And for my Amazon purchases, too, for things around the house.

[A]

How much do you spend going out to eat on a monthly basis?

[B]

It varies wildly. I. I cut back a lot for myself.

[A]

When?

[B]

A while ago. Like, especially after my pay got cut to 60k. I used to go out at least once a week. Especially with.

[A]

Once a week. Okay. $454.27 minimum monthly payment. 40 bucks.

[B]

Yeah. So. So for that one.

[A]

Dude, it's okay. Here's him cutting back. Uber eats. Uber eats. Uber trip. Uber eats. Autism help.

[B]

So I was on the cruise. My. My friend's wife, I always accuse her of being autistic, and she's like, I'm not autistic. I'm like, okay, go take this test.

[A]

Dude, you paid 20 bucks for that?

[B]

I. Oh, go yourself.

[A]

I have no sympathy. Uber eats. Uber 1. Uber trip. Uber eats.

[B]

My girlfriend.

[A]

Shut the up. Here we go. Carnival. Carnival. Carnival. Carnival. Carnival.

[B]

Carnival.

[A]

Carnival. Carnival. Carnival. Carnival. Carnival.

[B]

Carnival.

[A]

Carnival. Carnival. Carnival.

[B]

Carnival.

[A]

You're spending hundreds of dollars per thing I just said there. Plus a thousand. You're ridiculous. Dude, this trip.

[B]

Trip.

[A]

This Carnival cruise trip, which is one of the more affordable vacations you spent like, what, 40,000 on with the paintings and everything. Buddy, you went insane on a cruise trip. You spent like, $40,000, okay, for the

[B]

cruise itself, by the way.

[A]

Carnival. Carnival.

[B]

That was for a friend's birthday.

[A]

Carnival. You spent 40,000 on. Do I need to say this again? Carnival.

[B]

There's no way it's 40,000. Maybe 12,000.

[A]

No, it's more than that. With the paintings and everything, on here alone was like, almost 12. You're. By thinking that trading view, you're paying for Trading view. What are you going to be a day trader now? For your mental health? Trading view. You Trading view. What?

[B]

I made good money last year.

[A]

Oh, my goodness. What did you make?

[B]

Like, 28,000 profit.

[A]

Profit? I pay taxes.

[B]

Yes, I pay taxes.

[A]

And how much have you made this year?

[B]

So the most recent tax period, I ended up losing 50,000.

[A]

I thought something up. Go yourself. Uber eats. Uber trip. Vending machine. Yeah, More energy drinks. Use your gaming subs, dude. Much more cheap. Uber trip. Garlic Sushi. Met Rex. Iron didn't fit. Something. I don't know. Jack. Zing coach plan. 83 bucks. What's that?

[B]

So that. That was an online coaching thing, which was on a yearly renewal basis. And they do it through the app. App itself. I didn't realize I was on the annual.

[A]

Wrong with you.

[B]

I. I canceled.

[A]

$70.14. Citizens pay you pay this off every month, though, so I'm not freaking out about it.

[B]

Yeah, I got one more payment on that and that's done.

[A]

Okay, so I'm not writing that down. Same with this blue. Cash preferred. Okay, so even still, it's buddy. It's Spotify. I mean, the CEO later. I'm excited. And when is. I got an energy drink. Amazon energy drink. Energy drink. Energy drink. Energy drink. Amazon vending machine energy drink. Amazon Mad cow. Amazon. Amazon energy drink. Energy drink. Pull up your Amazon and start a screen recording. This is ridiculous. Your spending's insane. You have no idea. You have no idea. You are so lucky you get the benefit that we provide as a country. That I am not complaining about as a concept, but as abuse sometimes. But you don't use it to actually help yourself. You just spend it all on Carnival cruises and. And sugar daddying.

[B]

The Carnival cruise was the one.

[A]

Show me.

[B]

Okay, I'm working on the. Getting the screen recording up. I feel like a boomer. Oh, yeah, yeah, yeah, yeah.

[A]

You don't have the app?

[B]

No.

[A]

You spend this much and you don't have the app? There's five things in his cart. Let's see. Mazda, battery equalizer. Okay. Oh, you do car radar detector for police. That's illegal in Texas.

[B]

No, it's not.

[A]

Yes, it is now.

[B]

I think it is. Laser jammers. Yeah, but not radar detectors.

[A]

Okay, okay. Another radar detector. It's all car things in a wall outlet mount as well.

[B]

For the BMW, it's an older car. The mount goes over the rear view mirror. And then the other radar detector things, the wiring to actually connect it to the car. And then.

[A]

What Even is this? 320 degree vacuum. Padlocks, precision Kelly forceps, scissors. It's like for fish tanks. I don't even know. Rhino rescue.

[B]

That's a first aid kit, dude.

[A]

How much gauze does people need to buy medic crap? You bought like a trillion pounds of adhesive bandage Shit.

[B]

I was a medic.

[A]

Yeah, you was a medic.

[B]

I had. I had access to a supply room with tons of stuff. I'm not used to budgeting when it comes to my.

[A]

How do you need this much wrap? What's happening when you step outside in Houston, buddy, you just buy to buy. You just buy to buy. Endless battery banks. Oh, my goodness. Gun case, buddy. Energy drinks galore. And liquid death sparkling energy drinks. Gamer subs, man. Gamer subs. It's all gamer subset GG code. Caleb. Okay, this is so stupid. Good leap. Oh, okay. $60,000 here. What is this?

[B]

So that is one of two installments of a solar loan.

[A]

Oh, wow. That's a shit ton of solar. What the did you do?

[B]

So the issue I was having was I was continuously having power outages with all the storms, and I was also paying quite a bit for electricity.

[A]

I would get a gas generator or like a battery with one solar panel that maintains during the powder outages. If you're getting outages during storms. Solar's not great during storms.

[B]

Yeah, but working from home, one, the gas generator is not going to run the ac. I'm not going to be able to work inside the house when it's a house to degrees in there.

[A]

Doesn't answer how solar is not great during a storm.

[B]

Not initially. But if the power's still out as, as it has been, like I've been eight days without power. What am I gonna do? Go to a hotel, pay 150 bucks a day?

[A]

But either way, 150 bucks a day or 417amonth. Forever.

[B]

Well, at the time, that's what you're paying forever. I, I was making potentially a thousand dollars a day.

[A]

So making potentially something tells me that didn't happen.

[B]

The way I looked at it.

[A]

Oh my. You get sold on everything.

[B]

The way I looked at it, If I'm losing $1,000 a day and to ensure myself against that thousand hours a day.

[A]

So your energy cost was not $1,000 a day.

[B]

From my job, because I work remote and I need electricity, a gas generator isn't going to give me the type of electricity I need to run my equipment without damaging it. So from my job, I make an hourly, but I also make overtime and commission based on the battery bank, though

[A]

you can set it to run only critical things, though, including.

[B]

That would run for like an hour.

[A]

Exactly. But you could do AC on battery bank and then power and then gas generator for the house. You can set things up strategically instead of. And here's the other thing. The Solar 2 card, the second solar card, another 46,763. You're over $100,000 in solar debt with minimum payments. $700. Because this is 268. 10.

[B]

Yeah.

[A]

So 7% interest rate. 7% interest rate. Not even good.

[B]

Yeah. So this.

[A]

Not even good.

[B]

This is what ended up happening. So for the first time, the, the, the solar happened.

[A]

You know what?

[B]

I, I was having really high electricity costs because the roof was going out and I paid to have the roof replaced. And then I started. I was still spending a lot of money on electricity bills.

[A]

You put money towards Everything there is not something you don't immediately go into.

[B]

I. I take care of the stuff that I have.

[A]

Like no, you spend more than anyone in the history of the world.

[B]

It. It would lead to bigger expenses if I didn't fix the roof. So I view it as a. I

[A]

agree with fixing the roof. But then you just. You coped the out of the solar and everything else.

[B]

Yeah. So for the solar on the first installment they told me it would essentially put my electricity used to zero because I was paying close to $500 a month on electricity.

[A]

$32,000 on whatever this is with a minimum payment of 635.47. What is this? What is this? At 13% interest rate of death. What did you get?

[B]

That's probably the BMW. Yeah.

[A]

13 interest rate personal loan on a BMW finance charge. $13,753. You're.

[B]

I can make good money back if

[A]

I. Yeah, well you're gaining 3013 interest on it. Losing. This is so stupid. And hasn't it broken down right? Isn't that what you told me, buddy? I'm just gonna keep going. This is so stupid. We have another car loan. Kia this time of $26,151.25. If you didn't go advocate that you were betrayed. There's no way you could afford these minimum payments. I don't even know if you can anymore because this one's an additional $510.72 a month that you just purchased last year of $26,151.

[B]

Now again, I got that when I was making 200,000 at the time. I think 25,000.

[A]

Okay, 23.

[B]

So upside down, little on it by three.

[A]

I would sell it, I would borrow the difference and I'd get a $10,000 everyday car. Car. You're not willing to do that. I can already tell. Because you know more than anything. And you came here because your girlfriend applied. I don't even give.

[B]

Instead of paying 10,000 on the car, I can use it towards fixing up the BMW. And I have.

[A]

That wasn't the point. It was to erase that debt. And that's why this is not worth even pushing back on this shut the up house. $287,000. That actually makes sense for a house in Houston. And 55 cents with a minimum monthly payment. 5. Sorry. Interest rate of 6% minimum monthly payment. Kind of chunky. Oh wait, yeah. It's because that. Yeah, the escrows heavy. $2,866.81 a month. Yeah, I'll do that. Why is there more? What's PCI? Preferred credit.

[B]

So that was for a water softener system.

[A]

Dude, there's nothing you don't spend tens of thousands of dollars on the.

[B]

This was my justification for the water.

[A]

Yeah, yeah. Let's hear this justification.

[B]

This is my justification. I was spending water was hard so I actually wanted to do I I in the past shows I've seen you're always talking about the water softener system.

[A]

Maybe if you can't afford it. I can't afford it.

[B]

So I. I consider it an investment because it's going to cut down my costs on how much I'm spending on laundry detergent, dishwasher detergent, body wash, shampoo.

[A]

Okay. You know. 9517 with the minimum monthly payment of 131. 11 years to pay off. 11 years. So you better be saving that.

[B]

You saw the better on my Amazon. 100amonth on those.

[A]

Shut the up. Here we go. Here we go. What are we doing? Okay. Me man. Oh, you get every debt. $40,000. 162.61 cents. What's your minimum payment? Here it is. Me. 368.28. College dropout. That's okay. I did the same thing. I'm gonna continue sofi checking. I liked them at some point, but now they actually kind of suck. I prefer chime. Chime's great. You can get 350 signing up with my link. Doesn't matter. Plus you're getting a shitty rate of 0.5 so I don't know what the you're doing. Okay. Yeah. Checking account. A little bit of savings all adds up to paying off 5% of your debt if you wanted to. So just mostly transferring things back and forth. Nothing too crazy here. Same with that. Okay. 2000 and that nothing happened. 465 in that down from 480. Just probably the fee. 1500 and why do you have so many accounts with just random thousand there they 1500 there. Like man what a mess.

[B]

After I open my business account I get solicitations like open account with us. We'll give you money. And I'm about to open then move. Okay. That's a good plan.

[A]

Well the timeline cuz you are able to open that. But at least it's at a high savings rate where this capital one it's a zero. Like 0.000 whatever it is. And then yeah the 6000 in this SoFi Invest that might be where they're okay. But still you want to be able to connect your investments to budgeting apps as well.

[B]

And then.

[A]

Yeah, okay, so 25,000 in the self directed. But.

[B]

But you. It's at 27,000 right now. No, I'm making a lot.

[A]

You've contributed 56,000.

[B]

So that's where I lost big last month or last year.

[A]

This is his day trading. Oh, for sake.

[B]

It wasn't.

[A]

So it's actually down. Yeah, Swing trading.

[B]

Where. Where I went wrong is I got into options. I. I was making big money.

[A]

You try to do everything. And that's why I'm just like buddy, you know what you need simplicity. You're trying to do everything. Use the budgeting app. Use the Minecart debit card that builds credit. Just use those simple things. A high yield savings account. Follow basic personal finance rules. Get a certification, get a good job, live a good life. Stop trying to be in every bucket of opportunity ever created. It is you. You're a perfect example of that. That. Use your privileged positions, man. Use your privileged position and don't get up. Let me get your minimum payments outside of your mortgage. It's going to be a lot. Okay. So not mortgage. And this is why. Yeah. You need that disability because without it you would have. Negative every month. $3,185.09. Mortgage is $2,866.81. Okay. Utility, gas, electric, all of that plus. Plus Internet. How much?

[B]

Probably 700amonth.

[A]

My life phone bill. You're on millions of phones.

[B]

260amonth.

[A]

Gas. Vroom, vroom. Drive. Drive. How much?

[B]

About 30amonth.

[A]

Okay. Car insurance.

[B]

300amonth for three cars.

[A]

See, that's another daily driver. $30 a month of gas. Shut the up. Groceries, you and your girlfriend. 600 bucks. Use the meal plan. It's every meal of every day. It's perfect. TP fund. Anything else you guys need to survive? 150. Medical, health care, copays. You got VA. But do you help her? I don't know.

[B]

And now she's under parents insurance

[A]

subscriptions. I'll try 50. You have any pets?

[B]

No pets.

[A]

Okay. Anything else that needs to be in here?

[B]

I do get 930amonth from rent from my roommate. So that adds to my income a little bit.

[A]

Oh, thank fuck.

[B]

And I'm working on getting my homeowner's insurance decreased. And because I am 100% disabled, that way is my property taxes, which I

[A]

think is a little bit better. Hope that helps. But you have to adjust that when it happens right now in order to survive. You need 8141.90, which is insane. And that's on a tight budget too, which is crazy. Honestly headed towards bankruptcy. Let's be very real here. So you make $9,930. You have an extra on tight budget estimated $1,788.1. Okay, which quarter million dollars of bad debt on 788.1 takes only 139 months to pay off. Yeah, definitely headed towards bankruptcy. That is a 12 year process longer than bankruptcy. You're not day trading your way out of it. You're not massage parliament your way out of it. You're not new businessing your way out of this. The only way to get out of this is stop your spending convert from this. You need to apply. All this time you're spending on all this bullshit hobbies that you're coping with. You need to up your resume and apply to jobs like none other and up your interview skills. I know you're gonna say I applied to jobs. You also spend a ton of time and money on hobbies. So you're refocusing that energy towards jobs. I don't want to hear your excuses. You are increasing your income. It is all going towards paying off debt. And you can probably get it down to paying off debt in five years and then your emergency fund which is worth it for the rest of your life. Then you have to catch up on investing, not through options trading. That's your future. And I'll hear nothing other besides that. Okay, okay, okay. I'm gonna call the girlfriend in the post show. There is a lot to talk about. She needs to this guy. Unless he changes his shit around and then I will be okay with him sticking. But let's get your hammer financial score first spending in a budget. Well, you overspent. Zero out of ten debt, no collections. But it's as bad as it gets without collections. 1 out of 10 emergency fund, let's see. Well, I mean you got thousands scattered. It was a bit weird. But for your living expenses, more money should be going give you a four out of ten retirement option trading. That's not good. It's not great. Two out of ten. I'll be generous. Real estate. How much is your house worth?

[B]

I purchased for 315. Haven't found any updates so we'll call it 315 for the worst. I have been putting a lot.

[A]

No, it's gone down. When'd you buy?

[B]

2023.

[A]

It's gone down. Maybe, I don't know. Yeah, we can call it 315. Yo, what was it? Okay, cool. Interest rate. Yeah, I'll give you a 7 out of 10 Hammer financial score. 3 out of 10 rounded up. Get yours@caleb hammer.com now join us in the post show by joining Hammer Lee. I'll see you there. Hello? Hi, girlfriend. Why the are you with this guy? Going hundreds of thousands of dollars in bad debt for stupid things. 20 to $40,000 spent on a Carnival cruise with art. All this stupid endless bullshit. Why are you with him?

[B]

It's his choice.

[A]

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