I thought you lived in Miami. That's what I was told. >> No, we lost that house. Foreclosure? Gambling. >> >> It's not about the numbers, it's about the vibes. I'm trying to explain to you how important the vibes are. >> I want to make sure you can take care of yourself for the rest of your life. >> I can take care of myself because I'm Togi. You've been wired your whole life to I have to save excessively so that >> foreclosure notices on your house? I don't even know what that is. Okay. Download the Dollarwise budgeting app today and get a 3-day free trial. That's enough time for the automatic connections to give you the insights you need to change your financial life. Tens of thousands of other people are changing their lives right now and you can too with Dollarwise. So, take the free trial and if you like it, sign up for the annual version to save a ton of money and get my detailed 30-day meal plan signed by me and mailed directly to you. Download now. dollarwise.com or link in the description below. What up? It's Togi here, Shane Stover. I'm 23 years old and I live in Austin, Texas and we're on the financial audit. I go into every episode blind with guests, but you're actually known, but I'm going to be honest, this is still blind for me. I literally have never seen a single Togi video. I I I don't know what the we're talking about. I haven't looked at your documents. I don't know what the is going on, but I heard you're kind It's No, no, no. It's um I would say like you Would you go to college? I dropped out. But I did go to college. >> are you now? 30. 31. So, that was like 10 years ago. Uh-huh. >> It's you had like the frat bros, whatever you go out to the party and they're just like It's very normal. Like my life is exactly like every dude's in a frat, but you know, and now I do like YouTube and make a little more money, but it's pretty standard. Like you can imagine kind of what everything is like. So, is YouTube all you do right now? Uh no. Well, yes. It depends on like I do YouTube streaming, Snapchat. Oh, you stream, too? Snapchat's good money. We learned that. It kind of fell off. It's not great anymore. >> Dude, we still get pretty chunky checks from from Snapchat. Um okay. What do you make? Do you know how much you make? No idea how much I make, but I sent you sent Okay, this is funny. The first time I ever looked at like how much I make was when you guys asked how much does he make and I said the same thing. >> Really? It was um over the last year we did What was it? 1.9 million a quarter for the last five quarters. Me, okay. That's obviously really good. Who's we? Oh, me. Oh. >> >> Okay. Well, how many people do you have working for you? Um so, we have 30 clippers 30 clippers? that get paid very well. Some of them like 20,000 a month on good months. But like intimate employees, I got the manager, the manager's assistant, the manager's partner's assistant, maybe seven. >> assistant. Okay. Eight. I don't know. Eight people work for me. >> do these people cost on a monthly basis? Um That Well, that's the manager's thing. I don't know. I would I would guess I would guess he maybe takes me um Who was the Who was the little twink that you sent to get >> >> You got to be nice to Edward, bro. He's the man. Okay. Is that your manager? He's No, he's the assistant's assistant. So, but be nice, bro. He just started. Check it out. He just started. He was working for his mom whatever like cleaning floors now and now he's got like a Rolex and he like does all the Yeah, I gave it to him. >> Why is an assistant's assistant getting a Rolex? What Why would he not? He's awesome. He's a nice kid, bro. >> in the budget? I mean, he might be a nice kid. >> Um I value like my relationships and connections and like if you are loyal and a nice person, I don't really care about the budget. Like I'll go over budget just to like, you know, go to But the Rolex is in budget. >> Yes, but it's not a horrible thing. But either way, the Rolex is very cheap. Like it was like $10,000. Huh? Um I forget what we're talking about before that, but I think the employees I would guess maybe 250,000 a month for all of them. Oh, for sake. Okay, $250,000 a month and you make 1.9 a quarter. So, you're immediately You're almost at like 50% margin, but that's just before any video production costs. That's just teammates. Is that including clippers? Yeah, that's including clippers. 700 I would say um 120,000 is to clippers. 120,000 to clippers? Well, what does that return you? Do you know? No, dude. Okay. This is what How much >> pay for the clip and you don't know where it goes? >> Yeah, yeah, but how much does anything How much does that camera return you? Who knows? How much does that light return you? >> But okay, how did you quantify that that makes you millions of dollars that you got a better angle of what That's what is filmed right here. It's like, dude, you can't quantify It's kind of like my whole life it's kind of been like if the vibes seem right, go for it. And then it's like, dude, what the do you need such a big office for? Because of vibes, bro. You like the vibes. >> I got this office for the viewers your office. It's certainly large. You don't need it other than We need it. >> for vibes. No, it's I've been here two times. It's empty. Oh, >> It's empty under renovations. But wait, wait, wait, wait. You can't You can't lie to me and say like there's not a part of where you get to walk in and you're like, that's my and it makes you perform better cuz it's like But you can't quantify how much it returns. It's just like I'm the man. This is my This is my office. That's about the money and but recruiting. We did it for recruiting What What What do you mean? We got a good office so good people come here. They see the job interviews when they job interview here. They like the space. They want to be here. It's culture. That's I would work here. >> This is a beautiful office. If I ever >> people in here. It's not empty. If I ever go broke, would you give me a job? Mm. I don't know yet. Again >> end, you can tell me no. >> Yeah, I'll I'll tell you at the end. Again, the only thing I know about you is you're kind of then What? This is like a crazy stray off the bat. No, that's just what I've heard. I don't know. Yeah, yeah, yeah. Okay. Okay. Continue. I I don't know and uh and you give your assistant's assistant Rolexes. Here Here he is. He's the Zen collector. He's the man, Edward. So, if he didn't get those Zens from the car in a certain amount of time, would he lose his Rolex? No, he'd lose his job. But >> What do you make? $1,000 a month. That's not true. Is that true? We just gave him a pay cut. What do you make? $1,000 a month. No, you don't. You can't pay your bills on $1,000 a month. >> Oh, oh, I pay they every All my employees live for free, eat for free. >> contractor? I don't know what that means. Is he W-2? Is he a full-time employee? Cuz there's like federal law full-time you you probably have to pay him $42,000 a year minimum or else you're going to be in breach of some kind of federal regulation. >> >> All right, Edward, you got to go to them, bro, cuz I'm not paying you a 42 No, the point is >> Well, I was trying to get you a raise, not fired. I'm sorry. Um I don't know. That's a good point. So, maybe he's under minimum wage. But so, what happened was >> Under minimum wage, okay. What What he was getting paid 3,500 and then we did employee evaluations and it got cut, but that's not like a Who evaluated? Me. But you don't know what's happening. You told me the manager does everything. >> Yeah, yeah, but I I the manager is like sitting on the thing and I oversee like every talk about it before and I oversee all the stuff that's going on. But this one is an easy Not all employees need an evaluation. It's You only get an evaluation if you're getting a raise, fired, or a pay cut. >> So, how'd you evaluate him for a cut? Why did he deserve a cut? Because the the grand thing scheme of it was the work was half-assed, not enough urgency. >> an assistant's assistant. What is he supposed to be assisting? >> Look at bro, but everything Would you want Like you work at the highest level ever. Like I saw your YouTube jacket. You're all the way up here. If your coffee Sure, it's not as important, but that needs to be on your level because everything you do is extreme. So, that's the same with all my operations is it has to be the best. >> No, I did just spend 20,000 hours on a coffee thing that gets you tomorrow. That is true. That is true. Oh, word. Okay. No, I mean, fair No, no, no. I mean, I would evaluate, too, and I would probably fire him if he was being bad, but I wouldn't pay someone an illegal wage. There's I didn't know it was illegal. I'm learning this now. So, thank you. >> Probably. I mean, I don't know how it's structured. >> end of the year, I'll make sure he makes 42,000 and the point is you have to if he performs. Yeah, yeah, but I appreciate um like good company and loyalty and somebody that's passionate about it. So, he has all those things, just bad at the actual task. >> How do you quantify the loyalty? Just the vibes. Dude, I feel like you spend too much time quantifying like everything. Sometimes the vibes is all you got, bro. >> about. Hopefully his future. Yeah, yeah, but my own future is based off of like the vibes of like the overall So, you guys all live together in Austin? Yeah, it's Austin. >> I thought you lived in Miami. That's what I was told. No, we lost that house. Foreclosure? Gambling. How do you gamble a house? Not actually gamble a house. >> gambled it away. Like legally? You did not. >> Everyone That's what I said. Everyone's like, oh, like I gambled away the house. I'm the one of the first people, if not the first person, to quite literally gamble my house away. And we did This is not a joke at all. This happened about a month ago. There's crew. >> There's no everything. I did a coin flip with Steve Will Do It and he put up $2 million and I >> and I put up the house. So, if I won, I would have gotten free $2 million. >> Wait, wait, wait. $2 First of all, how would you even pay that? Cuz I I did at least There's not $2 million here. Like Oh, that I bought the house like a long, long time ago. >> Okay. What was the house worth? Well, I have um 600 or 700 down and then it's a $1.9 million appraisal and then the rest is uh Why do you speak normal and then when it comes to the word hundred, you like gain autism or gain Down syndrome? Like how does that happen? It's only the word hundred. Whoa, wait. Wait, how do I say hundred? >> Hunded. Hunded. Yeah, but every other word you say right. >> here's the thing. It's like um who the is Shakespeare and why does he get to say whatever the he wants? And now everyone understands. You understood me. So, it's like I could say ballsack, but if you got the idea that he's saying hundred, we're probably on the same page. It doesn't matter, right? >> no. I got you. I'm just wondering why it's the only word you don't say right. No, no, no. But the more we talk, you'll probably cuz people make fun of me um for a lot of things and how I talk. Which is interesting. I Okay. My vocabulary is below average. So, I think that's why sometimes like there's a phrase that's very common like Dirk um or Schmerk. Like that will be like brought in vocabulary and there's a meaning. What does a Dirk or Schmerk What are we talking about? Okay, but the problem is >> >> it you'll always understand what I'm saying. I don't I don't know what the Dirk or Schmerk means. Okay, moving on. Moving on. I don't know if I said a slur. I came here to learn about my finances not be uh what's the word? Ridiculed about my language. Well, I'm trying to get to know you. I'm trying to cuz you couldn't tell me how much you Well, I mean you kind of told me how much you make. You were told it was 1.9 a quarter last year. Are we on the upswing? No, no, no. In the last five quarters on average 1.9 a quarter. We are on the upswing a lot. I have an idea of how much I get paid, but a lot of it So, one of my deals is I get money to gamble and that's through cryptocurrency. >> Oh. So, they give me crypto to gamble and sometimes I lose that. Sometimes I win that. And a lot of the times like this chain I bought >> What's a stake? I don't know that one. Okay. Okay. Yeah, and so like this chain I bought in crypto. So, it's like that never even went >> 50,000. >> And then the these two were like a hundred something. So, maybe like a hundred seventy. >> The chain was a hundred something? We should wedding ring on each rock, bro. Why? Cuz then it's like I got a wedding ring on each. >> listen. We're We're We're We're obviously bleeping this, but what's the address of the house you lost so I can look it up? Uh let me check. >> You don't know where you lived? Yeah, I never went there. We bought the house. I stayed there for like five days. Where did you live? Um where were we at that time? We were in LA. Were you in Austin? Um why? Uh-huh. Oh, here's the address. Okay. Yeah, why were you in Austin? Um it was the cheapest thing. Like for the I wanted a big house that I could work in like have a big office and a lot of space. I couldn't afford Miami. I couldn't afford LA. So, we're just like, "We'll go to Austin." Me. If you lost the house, if you lost the house, how did you get a place here? Well, so I had two houses. That I owned two houses. This one and that one. >> price? Price for that? For the one you lost. >> it got appraised for a hundred thousand less. But what was the total? I believe 1.95, I think. So, maybe it got appraised 1.85 um and then we coin flipped at 1.9. I don't know. >> like I don't know if you get caught up in a drama or if you just like stop being creative somehow and you don't have anything, you just lost two million dollars. How are you surviving the rest of your life? You just lost two million dollars. Well, bro, what do you mean if I stop being creative somehow? Like You don't know what happens. Maybe the audience moves on. What's your demographics? Well, I don't even know what Well, my my high school brother knows you, so they're probably kids. Oh, yeah, yeah. Whatever. Like I would imagine young men. But either way, the point is that I've invested so much um into me as a person, I can always I will always be able to do >> What have you invested into you as a person? Look at me, bro. It's like a bigger muscles, uh you know, receding hairline, things that nature. But I'm always able >> I'm very confident. Yeah, it's horrible. >> Dude, finasteride. What's going on? Uh I'm scared of it. I don't my hormones. But either way, so this is the point. I'm so confident that even if I were to not be doing social media, I would cook up another scheme and make money another way. There's no point in my life scheme. Scheme. You never heard of scheme? Yeah, is it going to be scammy though? I You know what's funny? >> Scammy is coming? Before I I I It's easy to like talk down on people, right? Like, "Oh, that guy's just is a a scammer or whatever." Before I got famous, I wanted to be rich so bad that I was in the college in the frat. And one of the schemes was a literal scam. We were trying to This was before pump fun. I was like actually going in and coding my own meme coins trying to rug pull people and it cost about a thousand dollars >> What the >> in making it and liquidity and everything. Either way, I had like twenty thousand dollars to my name at the time. I was so bad I couldn't get anybody to buy my scam. So, I ended up losing like twenty thousand dollars trying to scam people. So, I'm not even good at it, but you know. >> to scam people though? At the time when I was eighteen, I needed to be successful so bad that like ethics Now, of course, we've learned that there's like I've grown as a person. So, but back then I can admit, bro. When you're eighteen, you're effectively you know. So, now it's like I would never scam somebody cuz I know I can do it the right way. Okay, what about the gambling? You gamble on camera. You think that's moral? Mhm. Sorry to say. I mean morals are subjective. Okay, let put it this way. What's the downside to gambling in your mind? Losing your money? But lose your money? No, it it it but you're paying for an experience. Who get a massage or something, dude? What if I want to gamble, bro? It's like the gambling has given me the most wonderful experiences and I've met the my best friends, the best memories in my whole life are through gambling not because One of your best friends just took a two million dollar house from you. Yeah, and you know what's nice? He gave me a seven hundred thousand dollar car. Oh, what a king. Bro, that's such a nice gesture that he won two million dollars. He didn't have to give me He risked his own two million for that. He won a bet fair and square and he said, "You know what? I feel bad. Here's a seven hundred thousand dollar Lamborghini." I didn't need the Lamborghini at the time and but it's still a nice like gesture. But the point being is that the best experiences It's like an expensive membership to a country club. And also in some cases the country club pays you. You land in Vegas, Vegas will get you a private jet, the nicest room. You get a massage at the table, a bunch of whatever you want, anything and everything. So, it's an incredible experience. >> without gambling. You have the money to do it, it sounds like. I mean I I don't know um how to explain this, but the viewers will understand. It's fun. Like it's an activity that is just fun. There's no immoral >> not fun, but just saying what's immoral about it. There are issues. So, do you think like uh drinking alcohol on camera would be immoral? Potentially. Yeah, so this is the exact same with gambling. Potentially. If it was endlessly binge drinking on camera and trying to get your audience to endlessly drink, especially if you have a young audience like you do with crypto. >> Is there anything When you see Doggy blacked out gamble for eighteen hours and at the end of it? Cuz I've done everything, right? I've done the good and the bad of every drug, everything, you know, the >> I done a lot of What Why? What the Why? Because you I don't know. I just wanted to try it. It's not like you did a lot. Yeah. Okay. That's a good point. But either way, now it's like to to understand an experience, you got to like go all the way into it. >> No, he he he's a straight as an arrow. Good. Either way a thousand dollars a month. You should give you your employees You don't You could You could save costs, bro. You fire twenty of them, ten of them are men. They're all Yeah, it's the same thing, right? Listen, if if you're so moral now, why did you just start a supplement company and immediately gamble two hundred fifty thousand dollars of it without telling your business partners that you lost it? Is that moral? So, like that's their money and that's their business. >> bro. But you got to understand if you're a dialysis What's the word? Uh analyzing everything um through your lens, each relationship is unique, right? So, me and my friend, it's like what's mine is his and what's his is mine. Doesn't really matter. It It was for >> to that. No, but the point is that he could do something like that. If he did it, I'd be like, "You know what? He was trying to do something for us and he believed in it." >> something. But you can't What did you gamble on? We had the Patriots to win the Super Bowl and we lost. Bro, but that's not the point. The point is if he took one of my cars, sold it because he had a crazy luck, I would be like, "That's okay because he was trying to do something better for us." And that's what friendship is about. There's no amount There's no amount of money >> Friendship? Selling your own car? cut my friendship. I could go dead broke, but at least I have my friends. And this is the problem with all the mother that are like giga rich. It's like people say, "Oh, you should be an average of or you're an average of the five people you hang out with. Get rid of your loser friends." I think that's I think like loyalty, memory, real love is way more valuable than money. So, if I If one of my best friends somehow lost all of my money, all my friends got all access to my money because I trust them and we're all like like this. And that is more special to me than being in a penthouse in Miami or whatever it might be. >> need to be living like a crazy bougie life. I would just want to make sure you're taken care of. Listen, you're right. There is no more important things than love, friendship, all that stuff. But real friendship, real love isn't using the other people's assets to try to benefit themselves. No, it's to benefit us. Us? Us? Is that I just feel like that's what you're telling yourself. Well, he would have gotten half the money if we won. And either way, the point is that right >> using your assets to do it. >> but you can't tell me that Say Say Listen. Say I'm wrong 20% of the time or whatever percentage it was be or might be. Every decision in my life leading up to now has made me very successful. >> Hold on. What How do you quantitate success? Cuz your net worth as far as I see on paper isn't anything substantial. I'll be completely honest. >> That I get to do whatever I want. I'm on you time. I get to do >> For now. I want whenever I want for now, but it is now. Now I >> Until your audience ages out. >> And I've always been on my own time, do whatever I want. Me and my friends do whatever we want. We're going to Cabo next week. We rented out 20 rooms for just for fun because we do whatever we want and that is my idea of success is that no one tells me what to do at any point because I'm just We're all bro We're all just floating on this water, bro. >> either. No one tells me what to do either, but I'm at least set up for success. And if I get married, if I have kids, I'm taking care of them. I'm making sure the people around me, my employees, are taken care of. If I have a down month, down year, I know we can sustain ourselves. >> Yeah, okay. So it's sure your >> If you lose it all. >> My employees are happier than your employees because I just bought him a Rolex because I was in a good mood or whatever. >> a month. >> Because I changed his life just being Listen. Listen. You got to understand this. How much you you care about your employees just a dollar amount. You say, "Here's what you get is dollars." I care about my employees as >> health insurance? >> as people, bro. >> health insurance? >> See So he now that's more dollars you're giving them. I sit down with them. I sit with them. No, no, I If If you went to the hospital, I'd sell my car to make sure that his If his mom went to the hospital, >> BEFORE. >> HOUSE, BUT THAT'S THE BET. You have to bet on me. You They're betting on you, but the problem with betting on you is they will never have the love that I give them because you're sitting there, "Oh, sorry, it doesn't work with the accounting team." I'm like a person running off emotions. If his mother was in the hospital, I'd sell my house in a heartbeat even though he ONLY MAKES $1,000 >> LOST IT, DUMB ASS. >> ANOTHER HOUSE RIGHT THERE, DUDE. >> YOU LOSE IT. I TELL YOU TAKE CARE of them. >> You got to understand. Twink? You got to understand. The way I've set it up is that sure I spend crazy. If it ever hit the fan, I bring in a million a month easy. >> For now. It's not easy. >> bringing in a million a month. >> a quarter is not a million a month. Well, okay. Now we're at a million a month, right? You can look at the Oh, I guess I didn't send you the bank statements, but you can see I mean, I got statements. >> I can't I can't >> them, but I can't leak contracts. Mhm. Let me see your YouTube studio. We're not going to show it on screen, but I need to see it. I want to see your demographics. I want to see what earnings are going there. There's no No monetization. You can show it on camera. >> Why is Why are you not monetized? Because it's not It's not very much money. 20,000 a month. Well, 20,000 a month gets him $10,000 a month and another other employee $10,000 a month. And health care is caring about your employees. >> No, it's putting a dollar value on how much their health is worth. Okay, say >> My his health is worth my entire net worth. No, your net worth isn't that much. If he got cancer, YOU >> I'M NOT WORTH WHAT HE COVER. IF I needed If I needed to, I could work harder, spend less, and make a 1.5 a month, two a month, and then pay it off whatever. Just cuz I spend 300 racks on private jets doesn't mean I can't stop because something else comes up. >> That's the thing. I don't know if you could. You might gamble it. You might lose it. I don't think you could say I could spend less. >> know, but I know because I know above any addiction that I have, I care about people above all else, right? So Says every addict. Says every addict, but I can stand on that business cuz I have spent millions of dollars. I've sacrificed millions and millions tens of millions of dollars. For example, the Evar thing. My best friend owns half of it. No, no, listen. Listen. My best friend owns half of it, right? >> what? The business, Evar, right? So he >> your business? Yeah, yeah, 50 50. Evar is your business? >> Yeah, yeah, I own 100 50% of it. I own 50%. You own 100% of 50%? >> No, no, no. You get what I'm saying. See, we're back to the semantics. You You keep going back to the semantics trying to distract me from my point. The point is he is um He He I gave him a big opportunity and gave up on big investors. I had other people that could build me better infrastructure, but I wanted to build a business with my friends, you know what I mean? So that's why I sacrificed building my business exponentially scaling it to give it to him. Exponentially scaling it. Okay, fine. What's it worth? What's it valued at if you were to sell it today? I don't know. >> Can you answer that? Listen, you don't have what people would say is necessarily a sustainable audience. New viewers is 24%. Your demographics are young. They move on easier. You want that established like that That That 25 to 44 crowd, they stick around. You have a decent chunk of the 25 to 34, but your second biggest chunk by far is 18 to 24. It's not about YouTube. It's about me. Everything I do, Okay. >> to win at it. So it doesn't matter if it's YouTube. I could go over and become Mr. Olympia. I could be the best bodybuilder in the world. I could go to the moon if I wanted to, and then I'm going to get rich, you know what I mean? >> Objectively, no. How are you going to the moon? Factually, I could. And you You can't >> Define that. >> how because I could. >> Yes, it is. If you say you can't, >> on Mars. I can do anything and I will do everything, and you'll never understand that. I couldn't explain to you that I could be the president. I could be in the NBA if I wanted to in 5 years. And that's just how I operate with everything. And it's like, "Dude, all right." >> 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 going to force you to use it his way. That's not very personal finances. Rocket Money, but you got a lot of commercials, but they're owned by Rocket Mortgage. Guess what they want to sell you in the end. And there's the new guy on 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. They'll play 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. 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. DUDE, BECAUSE YOU struck success once does not mean you're going to be an Olympian. This is not how this works, man. Okay, listen. Listen. It's not about how Okay, if we want to talk about striking success multiple times, I was a millionaire when I was 19. Then I went broke. And then I made like a few hundred thousand dollars on my pursuit It was like maybe half a million dollars on my pursuit to like YouTube. Failed again. So it's like how do you quantify success if it's just money at different times? I don't even think you're a millionaire now. The savings I have here is $391,000 total. >> Oh, yeah, dude. But I have $800,000 in Bay Holdings. Uh-huh. 300,000 in Pepe. But now Okay, I don't know how you quantify what a millionaire is. You have a million dollars net worth. >> liability. Your liability, as far as I see here, is $100,000, but you say there's another house. Do you have loans on that? Yeah, yeah. Did we not tell you send you the other house? No. 800,000 in equity and >> Who's we? Who pulled your statements? Gerd. Okay, that's that's the guy. The guy that runs >> Yeah. Gerd. Yeah. Either way, the point is um Okay, am I a millionaire? Maybe. Probably. Maybe with the house. I don't know what the Well, I mean, I have like what? My car collection is like two and a half million. Any leverage on those? I mean, I have a $100,000 car loan, I think, right? >> 56,000 on the Huracan. Okay. You You showed up with like a What was it? A Rolls-Royce the other day when you filmed Ice Coffee Hour? Yeah. You own that? I own every car. Right out or is there cash? >> What's right out? Cash? >> No, no loan. No loan on it. Okay, well, they are Cars in general are depreciating assets. In that league, Wait, wait, wait, wait. We're just talking You were just like, "Oh, is he a millionaire?" Well, I don't know. He has $700,000 $500,000 $300,000 Rolls. That's a million dollars right there. That's pretty close, but your liabilities We have to take into account that. I don't know what your liabilities are cuz you couldn't send everything. >> I don't know what they are. It's a house loan. And then I owe my home with 30 racks. What? You own two homes? Still now? No, no, no. Just this home. 800,000 equity. And then something 30 racks? What is 30 racks? I just owe a friend that. It was like a gambling >> You owe a friend 30 Okay. For like degenerates, what is a What is a What is a rack? Oh, thousand. >> >> Okay. Why do you owe him 30? Oh, I don't know. I was about It moved Are you not afraid of retirement? Cuz that's what I'm afraid of. I'm going into this conversation thinking about how do we get you to the point of any kind of stability. If anything were to happen, you'd be fine. That's my big conversation I'm trying to have with you. >> Okay. Well, the the thing is um I don't want to retire at any point. Cuz what do you do? No, no, no. It's a sense of security if something goes to It gives you a chance to build back up. >> that. If anything like st Okay, what In your head, like what is like going to mean? Lose all your income. Income zero. How would that happen? >> It happens to people all the time. Businesses go under every single day. Billionaires go to zero. This happens. And you're not special in that regard. >> Are you kidding me? I >> In that regard, compared to people who built billion dollar businesses, no. >> Those were And you're telling me they just lost their billion dollar business, income zero, and then they die? >> Yes, you never know what like >> That does not happen. And A and B, it would never happen to me. You cannot speak that into existence because that would never happen to me. >> it doesn't happen to you. out of your mouth is like you putting this into the world, an idea that would never happen. That's like me sitting here like saying like, "I hope It's happened to people, but it would never in a million years happen to me because, dude, you have to understand who you're talking to, the man that can go to the moon. I live on Mars. Nothing I could lose it all and make it back. And dude, it's also like bro, I have such This is the difference, right, between like you and I. I care so much for people that I'll go broke for a person. >> I don't. >> I Well, no, but you you put a monetary value. >> So they can live their lives independently. health insurance and you're gone, whatever. I'm sorry. You're mom's cancer doesn't fit our statements. No. First of all, first of all, listen, if you do have assets, I say $2 million. If someone gets an aggressive form of cancer and they need extensive treatment that costs might may cost millions, something you can't cover by liquidating everything. Number two, >> million dollars a month, I'll cover it in 3 months, no problem. You have to understand this. You don't understand You don't understand that karma is a very real thing. I think because I have so charitable that I always have the universe working for me. It's not about the numbers, it's about the vibes. I'm trying to explain to you how important the vibes are Uh-huh. >> And it's like you got everything got to be on a spreadsheet for you. No, it's And number two, >> The vibes are very important. >> if he leaves for whatever reason, either forcefully or he leaves on his own, you don't take care of any and him anymore. But if he was making enough, he could set aside money >> friend employee aside, he's my friend for life now. >> now. Not everyone's friends forever. It happens. No, under that circumstance >> lost a friend in your life? I I've never lost a friend. >> Not once? I have about seven friends. >> out. Ever? Never. I have seven friends and I would die for every single one of them. 23. Well, that's why. I mean, dude, you just don't have life yet. >> you can't say You can't say something's going to happen to me because I've not lived enough. >> just happens >> having this Okay, sure it happens to other people, but it's going to happen to you just cuz you don't understand. You You're talking to me like I don't understand my own friendship and you're trying to again put this numerical value, this statistic on my friendship, on my love lives. That's never going to happen to me. Toge, you're not listening. I'm listening and you're telling me because it happens to everybody else, it's going to happen to you. >> I'm not saying it's going to happen to you. I'm saying because it is so common, there is a decent chance. That's what I just said. >> And if it does, they're cuz No, no, but here's the thing. Here's the Here's the thing. Here's the thing. If a friendship somehow were to fizzle out >> Uh-huh. because of the many many many years of me getting to know that person, building connection, love doesn't just evaporate. If I love somebody and we had a falling out and something happened, I would still send them a million dollars and I can say that with 100% confidence. >> Okay, what if you died at 35 cuz you stepped in the street, got hit by a truck, and they're 60 trying to survive? >> give every one of my friends the best opportunity. Right now we're teaching Edward how to work hard. We're teaching We're giving half of my business to I work I Every single people person in my circle, I don't just give them, you know, money so that they can save up and make their little 100,000. I give them the opportunity to become something incredible in their mind. Like they >> Edward learned being around you who lost his house gambling? >> Dude, just me sitting here on this podcast talking to you is something that like he was never exposed to before. This world, it's like now he's in the room with you. What did you learn from this, Edward? >> to learn something at the end of it because he's in a room with a goated finance goated YouTuber. Look at this. He's sitting in the room with one of the goats. You're telling me that's not valuable? If you were sitting in a room with Jay-Z, you're going to say, you know, what did I learn really from that? Yeah, but you're like the only influencer to even come on the show. He would come here as a normal person. We film with three normal people regardless. Like >> That's not stripping of the value. Yeah, but he could have come here regardless. Like I'm saying he's here with you now. Yesterday he was hanging out with SteveWillDoIt, one of the biggest YouTubers in the world. And the day before that he's with the Trend Twins, two of the best powerlifters in the world. And the day before that he's with Year 8 Production. He gets to be learning in these circles and then we do like whatever reflection of everything, understanding what's going on. >> led to a pay cut. Yes, that's how it works, bro. If I kept blowing smoke up his ass, "Oh, good job, good job." Then he's going to keep thinking he's doing incredible. But by saying, "Okay, this is the reality. I'm not going to fire you. Your pay cut has Your pay has been cut to effectively zero." Now, it's a wake-up call. >> We'll bring him in in the post show and we'll let him speak his truth. Yeah, yeah. Okay, listen, man. So I am about to go over these finances cuz we do need to get in this, but I I think I at least understand where you're coming from a little more now cuz I again, That was the getting to know segment? >> Yes. >> All right, let's dive into the >> I don't know your perspectives. I don't even know how you view things, but now I kind of do. I didn't really understand it in general. But how frequently are you gambling? How frequently? Like how frequently are you gambling large sums of money from your million that comes in a month? Oh. Which is not a million in profit, by the way. We do not know what your overhead is. You know your labor costs potentially. Yeah, we the overhead is uh uh fluctuating. But so the the net income per month to the bank account is 700,000, right? As we've seen. I was just told it was a million. No, no, and then I make uh 300 plus through other schemes that might never like the gambling and stuff. >> oh, so that's if it happens? No, no, no. There's like deals in place that guarantee But that's So that's my um gambling budget. Okay, what did you What did you pay for this uh underperforming video that you uploaded 6 hours ago? >> >> Um I thought it performed very well. Can I see? >> Yeah, yeah. And I'm I'm just assuming not. I mean, I'm I'm It's performing Well, you can look at it. >> Yeah, what's its rank? >> Four out of 10. Oh, okay. It seemed like it was on the lower. So what did that cost for 53 minutes, 18 cents of non-monetized content? 900,000. Okay. >> Actually, a million. A million probably, too. >> Okay. And you make a video a month? Yeah. And if a million's coming in, I mean, that's a million out plus more. But it was So you have to understand this. You I feel like you are lacking in life um epic experiences and you have a lot of money. That video is going to make whatever However many people laugh, but I get to cherish those memories forever. And that video, it's like having a cool car. So it's like you spent a million on a cool car. That's the same for the video. I got to spend whatever and it's going to do a few million views. Will it ROI? Probably not. But that's the pursuit Listen, listen, the pursuit of better is shooting shots and it might not work. I took the risk. 900,000, I took the risk. Will it ROI? I will find out. And if it doesn't, that's okay because now I know I tried. I never have to ask, "What if I tried to do a high production video? What if I tried to do something that was way out of my league, but I'm trying to get there?" Maybe it doesn't ROI, but I tried and now I know. So you're judging me on my failures Yeah. aggressively. Uh-huh. You should be I applaud people for their failures. So that's why if I was working for you, I'd be freaking the out cuz it's like, "Oh, dude, he's going to I mess this one thing up." If somebody on my team tries to do something like that's a little outside of the box, >> Yeah. great. If it doesn't work, that's great. We're outside of the box. That's where I live. It's ours. You're sitting here with this cookie-cutter everything's got to ROI. That makes everything less fun. >> payroll to hit, man. People deserve to actually be paid adequate amount of money. So I have to make choices and yes, be cookie-cutter so that people actually are able to pay for their rent cuz they don't live with me cuz we're not in some kind of cult. Not None of that is relatable to me at all. Like you're It's to be It's to be like, "All my friends were buying it. Also, the next thing we're saving up for is a property." We're not renting it out to anybody. It's just for friends to live in. >> Till you lose it. So this living life experiences versus saving. The fact is I double down Because of what I've done and put actually money aside, I can live any life experience I want to now for the rest of my life. Yeah, but it's not It's Listen, it's about how your brain has been hardwired. You won't. It's the same with the coffee hour guys. >> I'm going to keep working. No, they're more extreme. >> the same as the coffee hour guys cuz they're like, "Oh, I only have to I only can spend 4% of my money a year whatever." >> You If they're more extreme, if you If you're within a 20x range of them, you've been wired your whole life to I have to save excessively >> up with foreclosure notices on your house? I don't even know what that is. Okay. Well, I did. That's why I was hired that way. The threat of losing a house growing up. >> I have lived in a closet before and it's not that bad, dude. It's like chill. It's not a big deal. I used to live in a closet in a frat for free cuz I couldn't afford it. Whatever. >> Dude, you lived in a frat. I mean, that's That's all it was. I mean, that's come on. Everyone lives in weird situations in a frat. >> That's what I'm saying is it's not that bad to be effectively homeless. >> Okay, that is not homeless. That is very different than losing a family home and seeing your parents struggle to pay a bill. >> So okay. >> You living in a frat? What the are we talking about? >> okay. Okay. That's different. I mean, I wanted to rebuttal to something that you said, but about how you're hardwired >> No, it's not about that. to save money and not enjoy life. >> With with your with your 900 million or a million dollars that you you spent. >> >> I don't know the return on investment. Like I don't know, man. I don't know. What are your goals? What do you want to do? Enjoy this life. Okay, financial goals. Oh. >> That goes into your enjoyment, but what is it? >> I don't think about financial goals too much because there's other things that are more important to me. There are, but what financial goals do you have even if they're not top priority? >> Oh, got you. Um None. I've never really been like I need a goal, but that's why I'm here is because it well mostly cuz my mom would be happy if I had a goal. So maybe you can help me make a goal, but the point is that um it's always been so low on my priority that it's never even a goal doesn't get established. Do you have a girlfriend? Mhm. Okay, how far are you guys in this relationship? >> Mhm, dating her like 13 months. So, okay. You know, you taking it more serious? No, no, no. That they she knows that we are not getting married. >> You're not getting married. >> Yeah. >> Do you ever want to get married? Yeah, but >> Potential kids? You have to understand I don't know. It's very hard. >> know, but I want you to be able to take care of them if you die. I mean, that's a big thing. What would your girlfriend do today if you died? >> do you your kids need? Isn't it what if you could spend a hundred thousand a year on your kids? Is that's a pretty good life? That would be a great life. Are you saying per kid? That would be incredible. >> Okay, okay, so let's establish a goal right now. If I maxed out four kids For a hundred thousand dollars each for the rest of their >> do fifty thousand each because when there's multiple kids it's like cheaper per kid, right? >> Uh-huh, and the wife probably as well, right? >> say I would like >> >> to raise four kids to 18 years old. How much money do we need? >> Plus the mother of the children I'm assuming, right? >> Plus the mother, sure. >> Call her fifty two hundred fifty thousand dollars. Okay, if you know you're you're trying to get to two hundred fifty two hundred fifty thousand dollars. Yeah, I mean I'd be comfortable with about fifteen million dollars sitting in a decently balanced >> so much there's no way you need fifteen million dollars for >> to have to run out of money, you have to do about a three percent withdrawal on a yearly basis, absolutely. >> Oh, so so you're saying fifteen million you take out three percent every year and eventually it's at zero when they're 18? >> No, it should never be at zero. That's what we're trying to get it to. Oh, no, no, but that's what I'm saying is we >> You want it to go down to zero? Well, that's what I'm saying is that's okay. I don't need that's okay if I die broke and my kids don't have any money, but they had a great upbringing, they learned a lot. I would rather my kids not have fifteen million dollars. >> Uh-huh. I would rather them have a good upbringing the money's gone at the end so that way But why were you telling Edward on the way over here that you wanted to have kids? Did do you I didn't that was somebody was saying that I don't want to have kids. He he wants me to have a kid. >> He wants you to have a kid. >> The point is it's a whole thing. >> even take care of him. I can take care of his kids. >> thing. He wants a kid so he wants me to have a kid so he feels better about his kid. >> raise a kid on a thousand dollars a month, Edward. How old is Edward? 22. Either way, so the point is I I don't want kids, but surely that mentality changes as I mature. But the point is just tell me how much money so it's zero. We're not talking about three percent withdrawal rate. To get my four kids to 18 how many dollars? Well, two hundred fifty thousand dollars a year times eighteen and then and then the mother of them just has to survive off of nothing for the rest of her life? >> No, no, sure give her a hundred fifty million. Sure give the mother a hundred thousand dollars a year. For the rest of her life forever? No, no, no, the everybody is only surviving until the kids are 18 and then as far as that goes once you have kids that are 18 your life is over. You might as well be you know dead. Cuz that's like the ultimate >> Lucky woman who gets to have your children. >> >> Five point four million. >> Okay, five point four million. So how much is that a year? Well, I don't know. How many how many years to get to it? 18 years, dude. Divide five point four million dollars by 18 years. Yes. Well, how much is that a year? Enough to take care of them. It's a hundred for her and fifty each for per child. So how I don't I don't know what we're talking about. How much money is that a year? Three hundred thousand a year? That's what you asked for, yeah. I don't see how I could ever not make three hundred thousand dollars in a year. No, I said if you're dead, dude. Oh, if I'm dead. If But then there's no kids if I die, dude. Oh my goodness, it's after it's after the children. Oh, the children get born and then I die. >> It's after Yes, that happens in his life. >> That No, no, no, no, no. Then the the dynamic of the family changes. Yeah, they'll be sad and poor. They'll be hard working mother Have you ever heard of David Goggins? Holy one of the coolest badass alive. No father life, no parents, they all he got thrown on top and now he's the goat. So it's like bro, the dynamic changes. God has a plan for the kids, right? >> Yeah, I love making a three year old work hard. David Goggins is really well off. Glad you picked one guy. Dude, but if he can't why can't they? And that's what you don't get is that anyone can do everything. You think everyone needs to save because it's like manifesting your own and everyone else's failure. It's like their own demise is coming so you got to be ready for the demise. How about this? I'm on cloud nine and it's never going to happen. That's why David Goggins is so successful because it was never a question when I'm going into something there's never a plan B. There's never like oh, what if this goes wrong? It's called plan A squared. >> Why did Why did Goggins get healthy? What? Why did he get healthy? Cuz he was a fat He wanted to join the the Marines. Wasn't out of any fear for health complications at all and having more energy. I don't know. Did you ask him? I have no idea how In his book You know him, I don't. In his book he did not speak on health complications. >> He wrote a book? No, no, I listened to it. Okay, um I'm assuming if if it was just to join the Marines then the point doesn't stand, but if it was for doing more health if he can do anything then why can't he be a fat and join the Marines? Because to join the Marines you got to be >> you want. Exactly. And if you want to take care of your kids you need a bit of money to make sure they're taken care of. >> of joining the Marines made him skinny as a result. That's not like a >> And the process of making sure your kids are taken care of by the time you die is I save you money. >> saying is if I do die they will figure it out. Not necessarily, many kids don't. >> Yes, bro, cuz listen this is setting them up just life isn't supposed to be so easy. If I die my kids are going to be stronger than I am today because I have Listen, every day I've had a very good upbringing and that to a degree those who go through more trials and more difficult battles have a higher purpose and have a higher ceiling. Because I almost because I was so blessed and I had such an easy life I am effectively not as hard. I'm not as hardwired as somebody like David Goggins would be. So Tell us why you're not afraid of anything bad happening. If something bad were to happen, I would pray to God that he has a plan for me and it's going to make me a better person at the end. >> have a plan. Might be homelessness cuz it happens to tens of thousands a year. >> that nothing is bad has happened to me in my life. I almost died last year. I overdosed and almost died. That's fundamentally bad. >> choice to do drugs, >> Yeah, just cuz it was my that doesn't mean it wasn't bad. The point is that's why I don't bring it up cuz it's my own fault, right? >> an emergency fund. >> just because something is bad doesn't it might be a blessing. God has a plan and just because something whatever you're that that Again, countless people become stronger cuz their trials. Now their ceiling is unlimited and I >> Countless people become homeless every single day in this country and they believe in God and that's their plan and that's the plan that was made for their lives. >> putting too much value on security? on money. >> Security. Who's to say that anybody doing much less than you isn't You've never asked like okay, what I'm saying is I know a lot of billionaires that are depressed and I know a lot of homeless people that are depressed. It's not about >> make you happy. I'm not trying to make you happy. I already know you're happy. I'm arguing for a little sense of security. If your life turns on its head you might be a paraplegic tomorrow. You don't know what's going to happen, dude. And that's all I'm saying. It happens to people every single day. >> That's what I'm saying is okay, if I become a paraplegic and your happiness Okay, if I become a paraplegic Okay, what are you saying? I should have if I So your picture that you're painting right now is ten years I get both my legs cut off or something of that nature. Yeah, you dive into water wrong, dude. That happens all the time. It's happened to people I know actually. It's kind of crazy. And so what's the point? Then you're not going to be able to produce the same kind of content. Your audi- your views are going to fall off. It's not about the YouTube views, dude. >> about security. I want to make sure you can take care of yourself for the rest of your life. I can take care of myself because I'm Togi. Not because I got a YouTube channel. So, your ego. Yes. Uh-huh. But I feel like you're not understanding um Well, every successful person has this to a degree. You used to be very unsuccessful and whatever and you became something magnificent. You had a degree of delusional ego in your own head. So you're you're not necessarily showing it but >> bad, but if it's putting you in a position where you're going to you might up your entire life if something goes bad. That could be damaging. Life is risky. Okay, and that's why you overdosed and that's not good. Yeah, and that's not great. And you say life is risky. Dude, life is risky and I me overdosing may have potentially inspired millions of people to get off of drugs. Oh, good. Do it again. You'll save more. No, but then I might die. So you understand? >> are we saying? >> Because what I'm saying is that you're sitting here walking on like this line of like oh, everything is and I got to be so careful. I don't want to live like that. I just want to be able to do you know, whatever and come It's more exciting to have all the risk come at me. >> Why? Unfortunately, your drug use incentivized and inspired Brandon to do drugs instead of quitting, so. >> >> This is true? You did drugs cuz of Togi? Yes, I did. All right. So that is actually a good point. >> on? I thought you said you barely tried it, but you did a lot or something. So the first time you ever did it? No, that was many times in. For sake. Listen, bro, my experiences I could bro And you're done? You haven't? Yeah, yeah, I've been sober for about four months. In that four months I had one night where I did cocaine until maybe sixteen months ago. >> when did you overdose? >> relapse often. No, no, in the last four months I relapsed once. I got really wrecked about till 10:00 a.m. So we're making good progress. In the last four months, yes you've relapsed, but and also before the most recent four months and the sixteen months that you went to After I overdosed it was not any second of like we should stop. I there was a that's the life of a drug addict. >> Now why have you stopped now? Um that's a good question. Life is just too busy to be uh giga racked on all the time. But either way I don't plan on being sober forever. I'm just like mad busy and then I just like haven't done drugs in 4 months, you know. Isn't that what helps with? Not to sell you on it, but Not really. It kind of helps you like make really bad decisions and gamble like for 20 to 80 hours straight and like being on it. >> Oh, all the content that everyone was watching until a few months ago was that content? No, there's there's like specific videos that I can tell you and then a lot the drugs like rotate. We say as like because whatever that's what I overdosed on, but there's like the video Why Not You? I was on Adderall for the whole thing like really racked like 100 mg Adderall the whole thing and you can pretty clearly tell like when Togi gets on the camera is that guy on Adderall? Adderall was my favorite. >> What was your most video? No, no, I didn't usually do it on camera. That was just like for the love of the game. THAT'S WHY HE'S THE GOAT. THE GOAT. AND DON'T FORGET I WANT YOU TO BE ON THE NEXT EPISODE of Financial Audit. So go to calebhammer.com/apply or click that link in the description below. You'll have a great time and I'm going to roast the out of you. Starbucks is bull and a waste of money and you already know that by making your coffee at home and invest in the rest. So now you need to do that with your energy drink as well. MAKE GAMERSUPPS 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 N' Fatter. The number one ranked energy drink is GamerSupps. 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. Hey. >> But dude, okay, what is the big deal? Why are you so judgemental, dude? It's chill, bro. It's chill. >> No, no, but you're like say there's like okay like he did for the love of game it's like okay it's like dude yeah I did and it was like kind of to a degree awesome. But the point being is that it's like dude okay whoa. Whoa. Whoa. You're going to have to accept the fact that some people like a slightly riskier life necessary. >> a riskier life. I'm okay with That you've been busting my balls about it. But okay, I agree. I'm just advocating for one thing. You said you would set aside A COUPLE MILLION >> OKAY, OKAY, OKAY. Give me the game plan. Okay, the game plan and I'm going to go through these finances right now and then we're going to go through it. I literally just want you to set aside a couple million dollars, $5 million. And then just pretend like it never existed and you can blow the rest. I don't give a That's it. Can we just agree on that? Okay, so I should set aside $5 million. Just that. All right, I'll set aside $5 million. >> you can live a good life with that. >> How do I do that? What is I want to know from your perspective, how would you rate your finances 0 to 10 as a big picture? Zero being the absolute worst, 10 being the absolute best. Nine. If you want your Hammer Financial Score, get it at calebhammer.com. Just takes a few minutes to sign up. You take the score and >> There's a thing that does it? >> Yeah, there's a thing that does that and thousands of people do it daily. You can do it and it is free. calebhammer.com. And if you don't want to be like Togi, don't do and also make sure to download the DollarWise budgeting app. It is the best budgeting app out there for a reason. Take the free trial to see if you like it. Most people take the annual version cuz it saves them 50% of their money and of course when you do I will send you my signed budget-friendly cookbook mailed directly to you and that is going away at the end of March. So check that out. dollarwise.com calebhammer.com Let's see Togi's money of the statements he did send. You use thing in the ad. You I you like that it's cool. It's fun, right? >> what? The thing you're like oh don't be like Togi the cuz it's like you know engaging, exciting, whatever. I think you secretly love like I I think we're going to be friends after this because you love how crazy it is and like part of you is like living vicariously it's like I shouldn't, but that's awesome. Like you secretly you're an advocate for the degeneracy. Oh, I'm a degenerate. I'm a degenerate. We have different degenerates. I'm a sex degenerate. It's well established on the show. I'm a degenerate in a lot of ways. I'm just not a drug guy. I'm just not a drug guy. Never been my thing. You ever bang So platinum card >> It's like a common thing. Togi loves whatever, but I I I thought we were like I was trying to create like a bridge some common ground here that we could like shoot the about like how about that? Like what if we banged the same one point in our lives. But it's it's cool. We can talk about it after, but onto the finances. Your platinum card, what goes on with this card? I don't know because I have my mom, my dad, my sister, my grandma, my roommate and me on it. Your roommate? What? Is Is he your roommate? Oh, he also has the AMEX. Everyone in the world has that. Why don't I? >> >> Because you're rich as Why the you need it for, bro? You don't need more money, bro. Don't be greedy. Well, my grandma is poor and she needs the AMEX. If you make millions a year, why she still poor, >> the thing, right? Uh if I were to like give my grandmother any amount of anything, I secretly have I didn't tell you about this and I don't want to even want to tell the camera, but it's in a secret place. There's about 400,000 saved for my grandmother. But >> place. >> That's like giga top secret, but either way Is it? Am I leaving it in or is it not? >> >> You can leave it in. You can leave it in. Whatever. But the point is, bro, um they would kill me if I like bought them a Tesla or something or whatever. So if my grandma takes the card and she likes to show her friends, they like go to their like uh little Asian meet up and she goes this is my grandson's card and then if she pays for the lunch once a month, she loves it. That's all she does with the the credit card. You I think part of you is an Asian. Yeah, you know what's so funny? Oh my god, my grandpa so four grandkids, everyone goes to college very strict all get a PhD super strict. I dropped out of college and they're like you have to go to college every day. You have to go to college. You have to go to college and then I showed my grandpa that I was making whatever 700,000 um What is the number? 6 700,000 a month and he's like he tried to get all the other grandkids to drop out and work for me cuz he he's like what the are we doing getting PhDs when he makes what a doctor makes every month. I am confused cuz 200's or 628,000 is what came in. Okay, yeah. >> a low month? You said a million comes in. 628. This was last month. Yeah, last month, man. That's it. Um well that yeah, I guess it varies a good bit. That seems really bizarrely low. This are you sure that was February? February did you get >> have all your accounts, man. February we came back at like 1.6. I don't know. Maybe the business did, but maybe I don't have that. May- maybe your net is just that and then you spent more than double it. Yeah, I don't know. Is this paid off every single month? Yeah. Okay. I think so as well and it's because of Moke? What's his name? What are we talking about? what's his name? Gerd? Gerd. Oh, Gerd. It's cuz of Gerd. Gerd pays this off every single month. I don't know how it happens. I pay it somewhere. But via Gerd. No, no, I I actually no. >> with Gerd? Yeah, yeah. Gerd's one of my best friends. And he we trust him. Financially. Uh it's doesn't really matter. I could get somebody that I trust more financially, but I would rather Gerd grow into a person that I can trust financially because I trust him as a friend. So if I if he learns the skills and he me out of a few million dollars in the process of learning the skills, then we're the giga team. Then I invested a few million is in his education and then it's like Togi really can't be stopped, bro. In 6 years when everybody on my team we know what we're doing, it's going to be awesome. >> What if Gerd is siphoning money and you don't know about it to himself? He would never do that. How do you know? What if he thinks it's moral? What if he doesn't even consider it siphoning? He's smart enough to know there's what is siphoning and what is not. I would never check it because I know he would never do that. And also given the many people that look through the finances like whatever we got uh the coffee hour CPA financial planner. She has access to everything. So she would there would be red flags, but either way the point is um that I don't know like if this is something that's like I don't understand why there would be any paranoia. Like I I would die for this person and this person would die for me. So um why would I ever be like I wonder if he's siphoning siphoning money. Like do you think your friends are siphoning money from you? They don't have access to my accounts. Because you think they might siphon it from you? >> No, I just Bro, there's You're just not supposed to let people have access to your accounts. Oh, okay, okay, fair. Fair. I I trust them enough and um they would never do that. I mean there are parents that love their kids that have siphoned money from the child actors' kids. I mean this has happened. Yeah, but you keep like um using the world to analyze my relationships because which is fair uh because you don't know me, but I know me and I know that would never happen. >> You know you, but there's also people that are surrounding you. And people when they become successful I I I only Okay, sure. How many people do you trust that have entered your life since you've become successful that you consider one of your seven that you would die for? Uh probably one. Okay. Well, him plus the ones coming up, there's an extra level of questioning that has to be done there. You never know who tries to surround themselves with >> yeah. I don't There's I'm surprised there's even one. I'm not like in the running for new friends. Like it I don't really accept it with open arms. So I'm very paranoid. >> inviting me over. I don't get to see the Austin house. party after this with the Keep it on that. It's awesome. But the point is I wouldn't give you access not cuz I dislike you just because I don't you know like I'd say I can money. After after the fame or whatever I'm a lot more paranoid about it. But these are people that I've known forever. Okay. Okay. Okay, listen, $200,000 was spent on this card in one month. Yeah. One card, one statement. I think it was actually What statement is this? Let me see this. It was actually more. It was $300,000. That was a four pay over times. Which I don't think you'll be shocked is a record on this show. I think you spent more than Amaranth did. She was the other highest earner. Who's that? Cost? Bro, oh my god. I one time gave one $50,000 cuz I was so up. Was last got in Austin? I never got one in Austin. Okay. Just like Vegas usually. $50,000. Have you ever with with your girlfriend? No, you've been with her. Decided it. Decided that's gross. Because there's like a Sorry, not with her while you've been with her. Oh, no, no, no. You haven't had sex with one other person while you've been with her. No, no, no. I have like I did the first let's say maybe four months when it was like kind of dating whatever. I was banging a ton of people and since it got like serious we have straightened out. Do you believe this? He's with me 24/7. You're getting paid. He's not getting paid. He gets paid $1,000 a month. Okay. Okay, first of all, all throughout here. All throughout here you own all these cars, but there are Uber troops every second of your life. And it's always like the top end Ubers. And also how often do you go to Uchiko? >> >> Uchiko bro is awesome. It is. No, I go there twice a week. I Yeah, yeah. I don't know. How much do I go to Uchiko? We never bro. Often. I'm just surprised we haven't seen each other at Uchiko. Like I'm literally always at Uchiko. 9 p.m. 9? Sometimes Yeah. Okay. That's me and my girlfriend's favorite spot. And you take flights all the time. I'm assuming that's for your videos. Please tell me if that's for videos or we're just flying to around. Are we just having fun? Videos. Okay. So where did we have to travel for this four out of 10 video? Um we went to Atlanta. Where the Where we at? I don't even know. Where was the Where did we go for this? Yeah, I don't know. Why does it cost so much? This is $2,800 for flights. $2,800 for flights. Everybody on my team flies first class. What the Why are we doing this? And how many people come? I don't know. I got one to five. How many How many people come? Edward. I'm not lying to you bro. Why would I lie about one to five people coming? I'm not saying you're lying. I just don't THINK YOU KNOW. >> >> OH. YEAH, LIKE ONE TO FIVE PROBABLY. OKAY. Lowe's popped up all the time. Lowe's? Yeah. I don't know. That wasn't We're going to Lowe's all the time. Okay, who's Okay. So this is in the portion of let's see cuz this is separated between different people. Who is this? Who is this first portion? Okay, so this We blacked out names, didn't we? This first person, who's the first person? I can tell you if it's Lowe's Well, who's donating on Kick every second of their life? Bro. I'm logged in on With your I was doing a thing. I was logged in on Steve will do his computer. He gifted himself like 500 subs. >> >> Listen, Edward, I'm going to get you a Course Careers certification and a fist card so you can start your life. It's okay. You wouldn't know what they are, but it's if you fail him or die. Oh, yeah, yeah, yeah. But Edward's never going to fail himself. Sorry, mine Carter. Why are you acting like I'm his dad bro? He's like a totally I capable He's going to be a millionaire one way or another if he dies. I don't know. He's accepting $1,000. Why are we judging off of looks and you're overweight? I'm not sitting here talking about it. Like bro. But also also it's obese, not overweight. I don't know the difference. But what I'm saying is he's a totally capable dude. Whether or not you picked the Mexican of your group to go to Lowe's. Yeah, bro. He No, he doesn't go to Lowe's. I think it's the Germa alert. Either way, it's not the point. If he would be better at going to Lowe's probably. I don't know. I don't know who does any of this. Edward, do you go to Lowe's? Who I don't know. I don't run these things. You don't run the things, but you choose how much they make if they're doing well or not. Oh, yeah. But you don't run it. You don't know what's happening. Kick streaming. In and out. $82 of In-N-Out. Airbnb $800. Uber trips to Uber trips everywhere everywhere. Airbnb Airbnb 2200. So do you guys Airbnb every time you go somewhere? So you can afford I wouldn't be surprised if on this statement there's like 20,000 Airbnb. No, I There's probably more than that. Yeah, Uber Eats $91. Uber Eats $88. Is that all the meals you guys have unless you go somewhere nice? It's just No, it's funny cuz we actually have a private chef. >> >> But we're Uber Eating every meal. Why? Look at We we we fired him like three days ago. But for this whole month Why is he fired? I probably just wasn't I wasn't using him enough. I was like traveling. I bro I'd leave for like months, you know. And did you take care of him in your firing? I gave him $10,000 severance. What was his monthly pay? Six and a half. That's not good. It's not very good. Well, when he Talking about caring people, when I fire people even that I hate I give them better severance. Well, when he joined me said this is not a real job. He was like unemployed and was like I really need to work. I was like sure you can be my chef. Um and there was like this is not going to last more than six months. Okay. Dash Pass Uber Eats $20. Uber Eats $230. Uber Eats $91. Uber Eats $82. Uber Eats Oddly cheap. I don't I don't know if that was like a down payment. Yeah, surely that was a Whoever this is is going into the gas station and getting snacks and drinks all the time by the way. So you're opening your card for little snack drinks. I don't care dude. I encourage it. You encourage that. Bro, they can they can spend my money. They're my friends. Okay. Well, I encourage you spending your money on Gamer Supps 40 cents a serving. >> >> Link in the description below. That was good. Well played. Yeah. >> >> Uber Eats $34. Uber Eats $28. Uber Eats $72. Airbnb 4,000. Okay. The place must have been nice. Well, no, they're all around that same price man. So wherever you I mean you always stay nice, right? You have an Austin? I mean you're first class and everywhere. We try and stay in nice places. No, these ones are your charges directly. Apparently this is your section. Oh. Word. Okay. Uber Eats $63. News link to MIA. That's Miami Airport. Okay, 34. What? Hotel. About water. How was your the hotel $22? Chick-fil-A 15 bucks. At least you went there instead of ordering. Yeah. Listen, you don't need a nickel and dime. You can live a very high elevated life with a lot of fun. That's not even I'm not advocating against that. Cuz you talk about Ice Coffee Hour. What those guys What Graham would do is like you know, don't spend 5% of your income. No. Yeah, spend 70% of your income. I don't give a But save the other 30% at least. We'll get to your investment account. >> >> We'll get to your investment account. And yeah, until you lose it in a gamble. Yeah. Do you own your house in Austin? No, I only have $80,000 down on it. There's only one house. I don't Okay. I don't know why you're so confused. There's one house in Austin. The house of the one you didn't lose. You said you own another house. Until I lost it. You lost both houses? I said you owned twice. This is Okay. There was two houses. One eliminated. House owned. Mortgage. Where is that house? Here. So you own a house in Austin. And that's what Okay. Very good. And let me guess. Yeah. Believe that, but that's where like all the charges are. Oh, really? Uber Eats 30 $4. Also how the you live there? That's the first place I lived when I moved to Austin. I wanted to kill myself. It's 40 minutes to anyway. Didn't We didn't had never been to Austin when we bought the house. You can live anywhere. That's the most miserable place to live. It's also a fun little paradise. But it is agonizing how far it is. But Yeah, you can live in a lot of paradises. Keeps you grateful, you know? How lucky am I to drive here in a Rolls-Royce? 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. It's a win-win. You get money and I get money. These are called affiliates and you get that sweet sweet cash for signing up for some amazing products. The first one is Chime. This is a checking account that I personally use and you get up to a $350 bonus with a new Chime checking account and earn up to 3.5% APY on your savings. And second, my investing app of choice these days is Webull and get a 2% match on all of your money that you transfer over. And finally, sign up for automated investing with Acorns. Typically the sign up bonus is only five bucks, but with my link you get $20. Ladies and gents, you get money. I get money. Enjoy. Links are in the description below. Ungrateful if it's like a 90 minute car ride. No, but it's like also at least I'm not walking. Okay. Yeah, I don't think I would suggest you walking. Do you have security? Security guards? Yeah. Did my guy frisk you? Did he touch you and all that stuff? No. Give you the little touches. He didn't touch you. What am I going to do in here? Come like rob you guys? Blast me. I don't know. You're I don't know what's happening. That's true bro. You should not trust people that do this. Super super. That's like a sketchy sketchy group. $200 to that hotel. $3,000 to that hotel. Uber Eats $101. Uber Eats $33. Uber Eats $41. Uber Eats $36. What do you Uber Eating? Cuz this is multiple times a day. What do you Uber Eating? Oh, like if you need like say toenail clippers Uber Eats it. Yeah, but not for this 41 bucks. And then we like say we're traveling and like we need a monitor. Uber Eats it. >> Dude, this bro, I don't know you you have to understand I have no idea. This Elser Hotel, you were obsessed with. You spent another 1,500 there. We can >> Hotel Bel Air 5,000, basically. Hotel Bel Air, almost 5,000 bucks. >> Woah, that was five racks? Almost. WOAH, WHAT? At least look into things before you do it. But it is a kind of baller feeling cuz like if we show up, swipe, don't even look at it. That was a scam. Five racks for Hotel Bel Air? Okay, and you freaked out about the water bottle you purchased. Hot yeah. That's $30 Airbnb, Uber Eats $93, Uber Eats $41, Uber Eats $41 again, Uber Eats $78, Uber Eats $92, Hotel Bel Air $70, Uber Eats $36, Uber Eats $99, Uber Eats $18, Uber Eats $106, Uber Eats $109, Airbnb $682, Uber Eats $76, Uber Eats $58, Uber Eats $102, Uber Eats $35. Door Dashing Best Buy $1,105. That's for a new monitor, bro. It's crazy. The OLED, you ever had that? Yes. >> Bro, it's awesome. Bro, I live in She's like 30 minutes to go get it. >> Exactly. Don't live in Bought a house in We didn't know what we were doing. Bro, you know how it's so easy to It's so easy to not easy, it's so hard to buy a house. Like I can't just be like, "Oh, okay, let me go buy a new house." We're locked in now. >> Kind of. If you actually followed any of the that we talk about, if you set money aside, yeah, you would have bought a house a nice house nice life with a view of downtown in cash. Oh, yeah, it's not about having the money. It's about Well, that's part of it, but it's about like doing it. Adulting is not easy, bro. It's relatively easy. What's what's hard? Specifically about I don't know what is easy about it. What What parts do you find to be what were like >> Most people are in a cycle. You go to you you go to work, you make your money, you come home, make your food, go to bed. >> Bro, but then it's like now I got a you know, sign like figure out how to get a mortgage and also figure You know what I did not know? >> a realtor. >> The first crib I bought in Miami, didn't know you had to pay utilities. I thought it was just like on and So, we didn't go there for a couple months. Mold everywhere in the house in my brand new crib. It cost 30,000 to get the mold out. The pool had to be redone. That was leaking. >> Why don't you talk to your parents about anything? My parents would have told me, but I didn't ask them because it's like fun to figure out life with your friends. And none of my friends knew you had to get utilities. So, now it's like, all right, now we know. >> You surround yourself with Well, but that's the life, bro. I surround myself with people that I love and I don't I don't care about how smart they are, you know? Cuz who am I to say? I'm not that smart. Uh-huh. Paradise? Is that what this is? Paradise. Am I saying that right? Paradise. Is it? All right, you spent 28 bucks there, five bucks there, Uber Vending machine, it's nothing crazy, but Uber Eats again. Apple Pay Apple Pay Apple Pay Apple Pay, Farmlands Kitchen GeoGuessr, you're paying for GeoGuessr, I guess. Are you doing it on the stream? I don't know. >> No, I've not played that game in like four years. It's $5 a month, bro. It's what >> Yeah, and you haven't played it in four years. Uber Eats Uber Eats Uber Eats, $5 to change that kid's life. He's poor. Gifted subs Gifted subs >> not going to change his life. His brain's going to change his life. I'm not in charge of giving him Well, I am literally in charge of that, but if I gave him like too much money before the brain, then the brain never going to get to here and once he's on Mars, he don't need no money. That makes sense. I don't want to hear no rebuttal. You understood what I was talking about and you can't deny it. >> Are you trying to say if he doesn't learn the right behavior before he gets a lot of money he's going to throw it all away? No, I said that he's not going to be hungry to be goaded. I didn't say make him rich. I said make sure he can take care of himself. Uber Eats Uber Eats Farmlands Kitchen How are you going to take care of yourself if you don't know how to do anything? Like if you don't like >> So, the only way for Edward to know how to do anything is be around Togi. No one else outside of Togi. >> and going out and experiencing things. >> Which he can do and still make a living. Yeah, yeah, but if you're Dude, if you're underperforming at your job, that's a thing that you should have been making. No, because I like Edward Edward as a friend. So, I wouldn't want to fire him. Why do you suck at your job? We'll talk in the post show. No, I'll do that. Edward, you're going to have to get >> >> Chick-fil-A, Supreme Massage >> is going to be lit. >> An expensive massage, 114. Bro, I thought they were going to jack me off. They didn't. It's the worst. It's that place next to the purple fitness place. >> jerk you off for 114. No, I tip whether they jerk me off or not because they still worked hard. Uh okay, Brandon said he has a spot that's off I-35. He'll tell you afterwards. >> >> Uber Eats Uber Eats Uber Eats, Chipotle, at least you went there, proud of you. Big moves. Uber Eats Uber Eats Car wash, that's fine. I don't know why you're going to a standard car wash with your expensive ass car. >> we took two of the Lamborghinis there. It was them all. Yes, what? We were in a rush. We had to do a photo shoot. >> want to tell you to spend money, but get a detailer on on call. >> No, we do have a detailer, but it was I needed it 30 minutes and >> Okay, you paid you paid Chad GPT, Uber Eats, Herzuchiko, you spent 1,300 at Herzuchiko. I tip usually 100%. Gavin still, that's a decent amount. Herzuchiko. Herzuchiko's expensive, but it's not like How many people are you bringing for 750? I remember that one I was with one person and we said, "Can I have everything on the menu except for a few things?" You just got really Asian there for a second. Oh, the what in my mannerisms? No, everything on the menu. >> >> All right. All right. Strike that from the record. Everything on the menu. Okay, and then Nobu right after that. Mhm. For 1,700. Okay, you're a sushi guy. I appreciate that. Sushi I don't It's like my favorite, too. I get it. Uh Popeyes What is this? Parodies again? I don't know No, no, no, no what that is. Uber Eats, GoPuff, Uber Eats, Nordstrom, Christian Dior 2,000 bucks. >> That's this hoodie. And check it out. That is $2,000. >> like it at first, so I decided to give it to a viewer, but then I decided I loved it, so I had to send the viewer $2,000 cuz I said I was going to give him it. But either way, bro, you don't understand how >> I don't understand. I really don't. $2,000 for I can't get there. >> people No, no, it was good. Really what happened is I didn't love it, but I went to Dior and I made the guy that was working there I made him like let me try on like 10 things cuz I was really trying to like something. Hated it all, but I felt bad for him. Some comes in your store and he's like, "Oh, let me try on all this shit." And then they leave. So, I had to buy it. Okay, I'll Olai Colonial 630 Nobu Atlanta another 718, 1,400 Zynga Corporation It's games. Zynga's gaming. I DON'T KNOW. OH, YEAH, WE SPENT 7,000 on a new suit. All right, good for something. Uber Eats Uber Eats Uber Eats, Airbnb $15,000. Come on. Do do do do. Are you hearing that? Airbnb $15,000. I've never seen anything like that in my life. What is $15,000 Airbnb? You're going to like this one, dude. I spent $10,000 on a haircut on that one. Oh, for sake. Yeah, we didn't even highlight that. Okay, how? How? How the How the Dude, this is just awesome. Bro, it's just like I the guy The guy was a drug dealer and he's got my hair and I'm talking about the game show I'm putting on and um he was like I was like, "I'm bailing out convicts that are going to compete in the game show trying to win 100,000." He's like, "Oh, dude, like next time you do that, you should like invite me. Like I'm about to go to jail." I was like, "For what?" And he's like, "Fucking weed." And I was like, "Dude, how do you go to jail for weed?" And he's like, "I don't know. My lawyer says I have to." And I was like, "You should get a new lawyer." And he's like, "I can't afford one." I was like, "All right, I'll give you 10,000. Try and get a new lawyer. If not, at the very least you have 10,000 dollars." Okay. Okay, that's nice. It's the first thing you did that's like actually like It feels like genuine. Everything else is like Uber Eats? That's all dude. >> That's all It's all And your Airbnbs >> or are these like my friends? >> Yes, no, they're yours still. Yours ends the next page. >> either way, they they have 15,000 Airbnb, dude. That was not even worth it, too. That place reeked. But either way, bro, you know, what? I like to go on nice trips with my friends. Cafe, Sushi Ramen, Cafe, Cafe >> bro. What else is money good for? >> Okay, well, then you've never lived a normal life. People can't do this. No, no, what I'm saying is if you had this money, what else would you spend it on? Uh well, I would make sure again you're prepared for something, but yeah, you can spend it on don't get me wrong, but 15,000 on an Airbnb is crazy. When you don't have an emergency fund. Just at least get something basic set up and then blow your money. >> fund, too. I'll show it to you, bro. >> It's in crypto, dude. That's an emergency fund. It can go to zero overnight. >> Yeah, but or it could 10x and then I have so much emergency fund. >> can. Bro, or if Dan or butts about it, bro, who that I'm not living to think about how much could go wrong when it all could go right and it could go wrong or it could >> It's just about getting an emergency fund. That's it. >> I have one. That's what I'm establishing right now. >> emergency fund. Emergency funds aren't crypto. How big emergency we talking about? >> Woah, I have 800 down on a $2.5 million house. >> No, no, your monthly payment. Oh, I don't know. You know what? I didn't even tell you this. I still have to pay the mortgage on my house that I lost. So, that's like 13,000 a month next 30 years, whatever, and the mortgage that I live in. Should we coin flip over your current house? No, that seems like a bad idea. So, you're a You've lost it. Dude, you were just making fun of me for it, dude. I think that's a bad idea. Sure. You're not going to do bad ideas anymore? No, no, no, but all right, I was on this podcast and the guy was like, "You got to save more money a year." Yeah, and I was like, "Okay, maybe I'll save a little bit more." So, I'm trying to save more now and I'm not giving away my house. Also, I would never live So. I like bro. No, you don't. Airbnb $34,000. This is from the next guy. That's from someone else. Yes. Who is this? Uh I'm going to leave this. Oh, that was my dad. That was in uh Your dad? $34,000? >> Yeah, yeah, he asked if he could do that beforehand. I remember now. Well, you'll say yes to anything. Well, my parents do whatever they want. >> So, you won't ever say no to anything. Absolutely. parents. $34,000? What did they possibly need? They were on vacation. And so, what happened is they were like trying to go on vacation at my crib in Miami, and they were like, "Can we stay there?" I said, "Yeah, of course." And then I gambled it away, and they're like, "We still want to go on vacation." I was like, "Okay, how about this? You I actually picked out the Airbnb for them. They would have picked a shitty one." I said, "You should go here. Let me know if you want me to book it." And they were like, "Are you sure?" I was like, "Yeah." For how long did they stay there for $34,000? 3 weeks. It was a good stay. Uber Eats >> Dude, they're retired. They got to like enjoy life. >> So, your dad, the retired dad, is Uber Eating, Uber Eating, Uber Eating, Uber Eating, Uber Eating. Yo-yo. For $419, a yo-yo. Uh this surely this isn't my dad's account. This must be Um I'll leave it. This is a Yeah, yeah. >> Who's that? The girlfriend. The girlfriend. She's Uber Eating did Okay. Yeah. >> Okay. She Uber Eating, Uber Eating, Uber Eating, Uber Eating. Amazon. She Airbnb for $1,300. Airlines. Does she live with you? Yeah. Okay. It's going well? It's going as well as a 23-year-old relationship would go. It's like I'm not getting that. People used to get married at 18. What the is that? That doesn't mean anything. >> Yeah, you're right. That wasn't a good way to put it. We're not getting married. So, it's like uh it's going well, but I'm not like >> with that? Yeah, yeah. She's not uh stoked on it, but it's like, "Dude You know." Amazon. Uber Eats, Uber Eats, Uber Eats, Uber Eats. Amazon. Chick-fil-A. Uber Eats, Uber Eats. She's Uber Eating two times a day, while you're Uber Eating two times a day, while your dad is Uber Eating two times a day, while someone else is Uber Eating two times a day. bro. You're doing about a dozen Uber Eats a day across all accounts. >> Dude, I cannot If we did a net Uber Eats it says I spent $50,000 on Uber Eats a month. It's like that is money well spent. Money well spent. $50,000 on Uber Eats. You don't want to give to a charity. You did one genuine thing to the barber. It was beautiful. Oh, yeah, yeah. We're we have to but you know, we give a lot of money to charity, so we get to enjoy our life. It was $20,000 on Uber Eats. Oh, that's a lot. But yeah, yeah, whatever. We >> That's a lot. >> We give away much more than 20,000 a month to fans and charity. Well, okay. Where is that? I don't see it. I see travel $147,000 >> we did we gave away three Rolexes to fans, which is way more than jeweler. Then we gave away $10,000. So, that I don't know how that wire has been. And then we had to save the charity money cuz we gave away 90,000 in the game show. But next month we have $295,000 budget to spend on either You guys will see this video because I make But not this month. With that video you're going to not even break even. Yeah, yeah, but dude, I'll find a way. I I will find a way. >> make sense. I don't get it. to give away Okay, either way, the point is we have $295,000 getting going to We would like to build a school, but we don't know how. >> It might be me, it might be you. I don't know. Huh? >> >> It's not me. Okay, just making sure. Either way, the point is that um I don't need to like super have it mapped out. Like if I need to sell the car to get it done, we will, but I don't think I like I feel like I might win gambling at some point soon or something. You could. I offered. >> to uh not I don't need to I only need to win 300,000 for charity. Okay, good. Give me your house or I'll do 300,000. What? That's a horrible Okay, no. Next next topic. Fine. 500. No. How much you need? Dude, I'm not coin flipping the house for It's a $2.5 million house. >> Okay. Uh 2.5. I don't know if you're serious about this. >> >> I feel like you're just saying that, but I don't I don't know if you would actually flip me 2.5 million. >> couldn't. Why not? I feel like you have a lot of money. Yeah, I do. Okay. Uh but 2.5 would actually be devastating. Okay, well then onto the next. >> probably not as much as you think. But Chick-fil-A Uber cuz I haven't been doing this that long. Chick-fil-A. Uber Eats, Uber Eats. Amazon. Uber Eats, Amazon, Amazon. This is the girlfriend, by the way. Uber Eats. Is she not a fat No, she's actually famous for being uh jacked and a model. Okay, I guess she's just getting protein bowls every second of her life. >> I don't know how she what the she's doing with the Amazon. Uber Eats, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, Amazon. Yeah, she likes to do that. >> Towel Read Popo. $1,200. Towel Read Popo? That sounds like a restaurant. Uber Eats. JD Sports. Uber Eats, Uber Eats, Uber Eats, Uber Eats, Uber Eats. Nobu Hotel. 500 bucks there. Nobu Hotel. Uber Eats, Uber Eats, Uber Eats, Uber Eats. Who's this next person? Who's that? >> Oh, yeah. This is Gurmeler, the manager. This is Gurmeler. Okay, your money manager. >> >> Is >> to get reamed. Yeah, $3,150 on flights, plus another $544 on flights. Uber Eats. That that's like booking for me cuz he takes care of all that. Uber Eats, Uber Eats. Is that for you? I don't think so. Delta 742. Also, you got your you you got flights you got flights on your own section. Why does he need to get additional flights? Um it might be me for when I did the game show I flew everyone out first class that participated. Flights 464. Soku. $576. Soku. $5,100. Money manager. >> I don't even know what that is. Okay, I feel like you are looking through this like you give it like Soku. Are you sure? >> Soku. $2,000. This is your money manager spending $7,000 on Soku. That was Well, that was a dinner we did in LA. It was 14,000 total for the chef to come to the crib and make us food. But either way, I told him to do that. Either way, if he did it on his own, I don't give a He can do whatever he wants. Um but you're looking at me like Soku. Right? >> Yes. It's chill, dude. What's the big deal? It was an awesome dinner. It was fun. Do you like hate crazy new experiences? Would I spend $100,000 again dinner again? Like of course. Yes, you will. Yeah, and it's like, "Sure, why not?" It's chill. Like I am not financially devastated by that, and it was a lot of fun. And I like it was like a lot of I had my lawyer there, and I wanted to treat him well cuz he's the best and whatever. So, it's like >> to get you out of jail all the time? No, but if I went to jail, then he would be the one. Meth. Yeah, but I don't think that you go to jail for that in this day and age. I mean, yeah. Meth. Yeah. >> >> This prescription. Meth. Prescription. >> that. Yes. Yeah, yeah, yeah. >> Crystal amphetamine. It's it's very hard to get the prescription. Uber Eats. Airlines, airlines, airlines, airlines, airlines, airlines, airlines. Amazon, Amazon. Tempest. $2,800 on Tempest, whatever that is. Airlines, Amazon. Exotic Finish Detail. $480. Uber, Amazon. Uber, Uber, Uber. Uchiko. Can flights. Morningstar Pools. You have a pool? Pool cleaning? Maybe that's what that is. Lowe's. And Vantel. Conje. Love Sac. You got some couches. $1,200 bucks. Damn, those were not worth it. Well, airlines, airlines, airlines. >> Uh-uh. It's like a bean bag. >> Airline. Nobu Atlanta. $21,000. >> >> Bro, why are you It's chill, bro. >> Because it's adding up. Because it's like every four days. We know that. It was fun. Like 300 racks or something. Bro, I like to treat people cuz listen, the for example, the Trend Twins came out to do my game show video. You know, the gigaviral one. Island Boys? Gigaviral Trend Twins. Awesome. They flew all the way to Atlanta just to be on my game show. >> that No, no. The the muscular ones. Okay. >> Not Island Boys. Trend Twins. Either way, the point is they went out of their way to go help me with something. Of course you're staying in the Nobu. I like They said they told me that a bunch of people when they go out for collab they make them share a bed cuz they assume they're twins. You got to share a bed. And it's like, "Bro, grown ass Treat them with that. This you could have treated them for like 5,000. No, no, no. It was for everybody. Steiny, Bob Menery, everyone that came out stays in Nobu because bro, they're doing me a favor. The least I can do is put them in Nobu if I have the money. I don't need to What? I needed to save 5 million? Yeah. Delta, Delta, Delta. >> I have kids, so I got 10 years to save 5 million. >> Or I mean, do you guys do you raw? Me? Yeah, with her. Uh the whatchamacallit? >> >> IUD. Okay. IUD. Guess what? We just had someone on the show. IUD. Baby popped out. It can happen. But what's the point with that? Oh, then I have a child. >> No. Not in 10 years. Yeah, but then it's like what? What do we say? 50,000 a year? How would How would this How would I just Don't you want Airbnb this month? I won't do one Airbnb if I get a girl pregnant, and then we'll set that aside. It'll go somewhere else. But Uber Eats, Summer Moon. Bail Bonds, Bail Bonds, Bail Bonds, Bail Bonds, Bail Bonds. What the is this? Cuz the game show The game show. The game show we just filmed. Bail Bonds? We had to bail out people from prison. Dangerous people? Petty crimes. I'll think No, I mean, they were pretty people. Like aggravated assault, armed robbery, battery. Meth. I'm glad they're back on the street. That's what this country needs. Well, bro, they weren't convicted yet. They were just in the one of the worst jails in the world because they were black. I don't I won't stand for that. Okay. >> Me me and the black community are like this, bro. >> about being black. Every place that just lets people on the streets with no cash bail are the most dangerous places right now. Oh, really? You just incentivized that. Yes. Or dude, you know what? It's like may I thought they were good people, you know. Sure, I wish the jury could have decided instead. Um I think everyone deserves uh at least, you know, when it Why is it guilty until the innocent? It's not, but they're often sued for wrist. For wrist. They're often sued for wrist. every single day in that jail somebody was getting stabbed. So, bro, you got to understand that it's bro, they're not bad people and they're not been proven to be bad people, so I'm going to give them the benefit of the doubt. And if you did armed rob somebody, bro, I think you deserve a second chance. You just weren't very >> Eventually, serve your time. Yeah, yeah, exactly. Okay. But they you're talking about animals, bro. They're people Lots of other lines. NO. NO. THAT IS A BAD TAKE. THAT IS A TAKE. THAT'S WHAT YOU JUST SAID, BRO. YOU'RE PUTTING IT IN YOUR OWN MOUTH. IT'S BECAUSE YOU'RE TRYING to moral masturbate it. Every single time a policy like that has been enacted in a city, crime goes up. Repeat offenders that are released cat immediately released. It's catch and release. It never works. It's been proven. They had to re-birth that in San Francisco cuz people were getting hurt. >> No idea what you're talking about right now. >> you try to moralize it like a high horse moral kind Well, you have to have a some consciousness to every decision. And sure we one. I I at least I was thinking before I made a decision. Just because you think you have this idea that you can do it. >> you You just described them Obviously, what are you talking about? >> They're on a game show. I held them at gunpoint to put them on the game show. So, don't try to moralize it. What are you talking about? I think they're still I'm bro, I wanted them on the game show, but I still wanted them to like I can still get And why aren't you doing that instead of 20,000 hours a month in Ubers? Why don't you bail out people all around? I have to give away money to like kids in Africa and That's where they're we're trying to build a school. It's actually South America. >> You're doing the whole SCHOOL THING. WHY IS EVERY YOUTUBER TRYING to do a school? No one's able to do a school. They didn't Kai just fail Yeah, the the the the school is too hard. We're actually doing that. That's an umbrella term. We're doing 300,000 for the school. Whatever. We have to sprinkle it around, right? We did this for the convicts, then we're doing this for the kids. Whatever. Moral masturbation or not. Content. I have I don't think they're bad people. You said catch and release. Bro, I don't think they're animals, dude. No, it's not about animals. It's about anytime that has been enacted you think you're right doesn't make Well, the statistics are right. >> my opinion on it There's a law of logic that someone on the planet >> Okay, sure. Whatever. That's my flow of logic. It led to the moralization of these people. I feel like everyone's done stuff that would land them in jail. For example, I've had tons of me before. Why didn't I go to jail? Because I'm not lucky, bro. And I don't think I'm a bad person. Maybe I should. I don't think I don't personally think I should go to jail. No, I'm not saying that either. But there is a reason why we don't arrest someone for a crime and immediately make sure they're out on the street. >> want me to say? Okay, you're right. I shouldn't have bailed them out. >> No, but when you moralized it saying that that it's like bad to not catch and release people. Oh, well, no, no, no. I'm saying that's not I'm saying I empathize with these specific people. >> with them. I also empathize with the people that the crime was committed against, especially violent crime. Mhm. Delta 496 plaster. Yeah, I mean, airlines galore with this Yeah, that was just keep going, dude. adds up. Cleaning. Yeah, you should probably clean that place. Is your guys' place is nice and clean? Your house? >> >> I don't know. It's clean enough. Okay. Well, you got cleaners. You're paying a lot for it. Okay. 56,000 hours owed on your Aston Martin. That's the only car that has data. >> That's a Huracan, yeah. Okay, do you know the interest rate? No. If you called Gerd, would he be able to tell you? No, cuz he didn't get that loan. There's almost a 0% chance we could find out the interest rate on it unless it tells me on the app. >> It would tell you on the app. >> Oh, yeah. I'm sure I could click around. Do you even know your monthly payment? >> Uh 3,000 maybe. Hey, your business checking checking account is 50,000 years has 4,000. You have 100,000 hours in CDs. Guess Yeah, they made me do that cuz I uh Well, it's a shitty return on investment, but it's harder for you to touch, so that actually might be a good thing. >> every 3 months that I can touch it. Um the interest every month is $900. It looks like Well, actually, I don't know how this works. When did you get this loan? Maybe like year ago. Okay, 900 of interest accrued last month? Oh, but some months are zero. I don't I don't understand how this is working. Oh, because it's I pay uh ahead. Whatever. I don't know what the interest rate is. Um but yeah, maybe I got it 10 months ago. Dude, I think it's like an 18% interest rate. Potentially. That's horrendous. Just pay this off. That's horrendous? It's really bad. Just pay it off. I heard it's good for my credit to pay it off slowly. >> Maybe. Why do you care about your credit though? You already have a house. What are you trying to utilize credit for? I don't know. Pay it off. You're using credit cards already. That's good enough for credit. If it's an 18% interest rate, you're just losing money. If it was four, it'd be a different conversation. But here's the here's the here's the thing. It's like uh this is my thought process about it. I don't have to like dude, two 3,000 hours a month, what's that? One dinner? So, I just like put that towards the car or whatever. Don't got to worry about it. Well, why? Why don't you just pay it off? What what is the actual argument? >> Well, because I I I guess the answer would be I've never thought like, "Okay, let's pay this off." It's just like whatever. Okay. Okay, so I mean, cash flow, yeah, your average quarterly in was 1885, but your average quarterly net cash flow because of expenses is about 6,800. Yeah. And listen, I have 169,000 hours of Pepe. What's it at now? Oh, why we invested more into it, right? >> But it's down. Here, I'll show you the day account. It's emergency fund. Here, it's 310 310,000. Okay. But it's down um Whatever. You know, it's not important because it should go to the moon eventually. Maybe this podcast will send it to the moon. Pepe? >> Go buy Pepe. He told financial advice from the Caleb Hammer. Okay. Okay, so I think that's Is that everything? Is there more? I don't have your mortgage. Oh, I don't have my mortgage either. Oh. Who the knows how that works? And you can't tell me adulting is easy, bro. It doesn't make any You going to is so I don't understand how anybody gets anything done, bro. >> would tell you if you just talked to one. Like if you just did that. Okay, here. Type in your current address. How much is this thing going to be worth? Market value. Oh, dude, we are getting smoked right now. How much did we pay for that? >> This is not a good market right now. Oh, really? It's okay. You might Well, how much did you pay on this? I thought it was 2.4, but maybe I was wrong. Cuz we got appraised. We paid uh 100 less than appraisal. Oh, yeah. Well, appraisals, yeah. Not only are you in that neighborhood, you're far down. Oh my Takes a just to get out of that neighborhood. It's a beautiful drive. It's a horrible place to live. Dude, I bro, I feel like living in a uh >> >> I I know I've never once been like, "Holy This is a mistake, bro." But I got it. Okay. Next time I'll consider that when I'm buying a crib. Oddly enough, in the end, this is all simple. Your mortgage is probably fine. He's making your payment. The car I I would I I would pay it off, okay? I'll pay it off. But if you even if you don't, I'm not killing myself. I have two things I want you to do. Two things I want you to do. This isn't a budget thing cuz you don't have a normal budget. It's not making a budget. Cuz I did actually come here to learn about this. >> No, I got you. And I think I'm this is going to be a big takeaway moment for me unless it's ridiculousness, but I think you understand where I'm at. Yeah. >> enough, so it's it will be a digestible solution. Unfortunately, I'm just putting down two numbers. And you're almost there. Okay. I want you before the end of the year to save up $6 million as close as you can. And do not touch it. Your CDs at the 100,000 hours on the way to it. You got 300 in Pepe. I just want this. And this is what you're going to do. You are going to get with They're actually YouTubers, but they're financial advisors. They manage my money with their abound wealth. They're very good, very trustworthy, very good people, legitimately good people. Call the Money Guy. Not a sponsor. But they're going to do this for you. But you're going to give them $6 million throughout this year. They will manage your investments and they will manage your emergency fund. So, you can't touch it. So, you can't touch it. That will grow, so you have something to rely on. >> You can get to touch it if everything goes to zero, you can touch it. Bro, none ever go to zero. >> Well, then you never need to touch it. Then I'm just pissing Okay, I I I agree. I agree. I agree. >> it away. It's gaining 10% a year for the rest of your life. But it's gaining all if I can't touch it. If I die with 70 billion dollars, then the just happened there. No, no, no. Don't get me wrong. I mean, touch it around like 40 or 50 or something. And they they can help you do a safe withdrawal, right? But that's that's what I want you to do. I'm going to literally email you my guy. I'm going to put us on an email together. Like legitimate, you know, whatever. He's really good. His name's Carter. He's like the top dog there. And the goal is to get you $6 million by the end of the year, which you can do. That is not complicated. $6 million for you. It's just a little management in different places. Have Gerd Gerd Malurd. Have him put that money aside. Make sure there's Okay. One one We have Okay, well, I'm trying to understand where it comes from. Oh, yeah. Let's call it nine months left, okay? And then we're just trying to do $6 million. In nine months. It's a lot. That's 666,000 hours a month. Okay, maybe it's a two-year process. It's a two-year process. You're going to I'm trying to understand um Yeah. I feel as if, personally, it would be more worthwhile to, since I'm so young, put the gas on a pedal and invest into my brands like my supplement brand or my clothing brand, wouldn't it be a better return to go all in on that than capping myself to 10% at such a young age? I can't say it's a better return cuz we don't know what the return is going to be. And that 10% is average, it's 10 to 12. You'll get 30% one year, lose one another year. >> Okay. No, listen. No, no, no. This feels like a lot is all I'm saying. Like I It is. It is. So, here's what I say. Let's come to a compromise. 300,000 hours a month for the next 2 years. And that'll get you there. Yeah, but would I get there if I did 200,000 a month for 2 years? 200,000 hours a month for 2 and 1/2 years, maybe. Oh, okay. So, assuming I I I we've talked about this. I think I'm you know, going to the moon, whatever. >> Yeah. I think it's >> Let's just say let's just assume for I would like to I'm confident for the next 4 years I will be able to make I will be able to invest into this. If I did 200,000 a month for 4 years, I would be totally giga good. Yeah. I can do that. Okay, so here's how I would try to do this. So, let's say an average of a million comes in a month, right? Okay. Yes? >> >> I do I gamble way too much. It's like literally minimum I would never make less than at this point in my life 800,000. 800,000 hours comes in a month. Love it. Times 0.7 cuz you're setting 30% aside for taxes. Have you paid your taxes? No, Amanda's doing them. But okay, you pay your taxes, good. So, you actually have $560,000 left a month. Yeah, but then your business expenses. So, actually no, no, no. Your cost Okay, no, no, no. We start with 800. I'm going to say spend $400,000 a month on business. Wherever you want. Reinvesting, new YouTube videos, whatever. So, that's $400,000 a month profit times 0.7 cuz you're setting 30% aside, you have an extra $280,000. Just for even 2 years have fun outside of content with $80,000. A month? Yeah. All right. Well, have fun in content for 400. Okay, that's what I'm saying. Yeah, yeah, yeah. Okay, I see. I see. Have fun in content and business. I mean, clearly you're able to do it. You're able to put a lot of money into that crypto right there. So, you're able to put money in it. Yeah, yeah. Yeah, that was yeah. Okay, so here 800,000 comes in. This is how we're going to try to structure it. And Gerd is going to try to structure it like this. And then you are going to meet with my guys, and they are going to set you up for success. 800,000 comes in minimum. You spend $400,000 on business content reinvestment. Very good. Then you got $280,000 after taxes left cuz that is business expenses, you don't have to count that against your taxes. Oh. >> Okay? This is next level, bro. >> clearly this is five numbers. Uh $80,000 to spend on life. That's That's pretty good. >> That's good. $200,000 goes to the wealth advisors. To make sure you're >> Okay, and then so say we do 800 minimum. If I make more, say I do a million and a half a month. >> BLOW THE REST. OH, THIS IS A NI- I THIS IS DOPE. I actually can get behind this. That was a well put together. Let me see that. Okay. >> >> I'm just trying to Whatever gets you there. >> This actually is making incredible amount of sense when you put it like this. 400,000 on content and 80 racks to So, 500,000 just to like chill out. But you can't spend a million on content like you did last month. Well, yeah, but I That's not the goal to spend that much every month, but I wanted to try something new. And if it turns out to be good, then maybe the content budget is just going to have to go higher in the pursuit of bigger career or whatever, or we find ways to make it cheaper. But the point is that's not consistent. >> I'll say this. 400,000 hours on content, if it costs 500, it needs to bring in an extra 100,000 that it did before. Yeah, I would say I would say I think that's going to be the only disconnect we have here because I'm okay just like chucking a risk and it's all right. >> this. I need you after taxes to have an extra 280 a month. Anything can happen before then. If we do this most of the time it's chill. Like if I hit this 8 months, I'll be stoked. Okay. Because that's still good money, bro. It's saving Bro, I don't know what the kind of caviar my kids going to be eating, but bro. Not not is 200 racks a month. >> Yeah, it No, no, no. It is, but for your position, unfortunately, it's not. Yeah, yeah, yeah. Okay, okay. This is very well put together. I think I'm going I am going to try and do this cuz that's dope. Okay, will you meet with my guys? I'll meet with your guys. But here's an interesting thing. >> for real life. >> content, but also this is not for content. Um my mom wants to invest my money cuz she thinks it's fun. No. But she's bored and retired. Just give her like We got to throw her We got to throw her 100,000 a month. >> extra 50 and give it to her, but you need 280. >> the winning money will go to my motor to invest. This guy will go to the post office. >> said, anything extra you make, you do whatever with, man. Dude, I actually feel like hella smart right now. I think this is going to I'm going to be the richest person ever. >> just make sure enough is put aside for the taxes. Um okay, dude, listen. Let's get your Hammer Financial score, then we're going to go to the post show and let your poor employee confront you. Edward, but get him up here, bro. Yeah, I will. And have a pair of balls, too. Just because he pays your bills and keeps a roof over your head. >> pay his I pay give him >> he allowed to speak out without consequences? Dude, Edward would say anything that he wants and he wouldn't be afraid because he is a grown ass dude. >> It's not like fully grown, dude. Just cuz his skin glows better than yours don't mean Bro, that's what you want is you want the GHK-Cu this skin care routine. He just hasn't done any adult things, but I guess >> Okay, spending in a budget. I mean, listen, you didn't spend more than you made and some went to investing. It was Pepe. It's not great though, the money went to insane places. Four out of 10 for that one. Your debt Your debt's not that bad. I mean, for your income. It's obviously You got a mortgage. It's going to be a seven out of 10 cuz it is a high interest rate card. But for your income. Emergency fund, there is no emergency fund, zero out of 10. Retirement, would you consider the Pepe? It's not how I would do it, but for your income at your age is actually a really bad amount, one out of 10. Real estate, it's it's probably mid like a five out of 10 cuz I don't know what rate you have. You wouldn't assign any rate and you probably are underwater currently. Listen, Hammer Financial score, five or 3.5 out of 10. It'll be higher before you know it if you actually follow this. Get yours at calebhammer.com. We're going to go into the post show. His employee is going to confront him and who knows what else we're going to talk about. An extra 20 minutes plus three premium shows posted every single day, Monday through Saturday. Click join Hammer Elite. See you in the post show. We could do something small and fun. We could do like 10,000. That was your limit. >> I'LL DO 10. OH! >> >> TWO TIMES. $10,000 COIN FLIP. YOU HAVE MY WORD. I'll wire you today. Yeah, same. $10,000 COIN FLIP. >> >> 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 pinned comment or description below. This is the best membership you'll ever join. That's a promise.