The Craziest Debt In Financial Audit History

Marriage and Financial Strain [0:00]

• The couple, Scarlett and Grant, have been married for 10 years and have two young children, with a third on the way.
• Scarlett is a stay-at-home mom, while Grant is self-employed in real estate wholesaling and general contracting.
• They admit to not discussing finances often, with Scarlett managing day-to-day bills and Grant handling taxes, though he hasn't filed for the past year.

Grant's Business Struggles [2:34]

• Grant describes his work as doing "everything" and being busy "all the time," but admits he doesn't know exactly how much he's making, estimating between $10-15k per month.
• He has been doing work for free for about six months, focusing on repairs for a rental management company.
• Grant admits to punching walls when triggered, a behavior Scarlett finds concerning.

Financial Disconnect [6:37]

• Scarlett manages personal finances by paying bills as money comes in, but doesn't know their total debt.
• Grant explains that they've been "four-wall focused," prioritizing essential bills over debt repayment due to financial strain from unfinished projects.
• Their monthly outgoings are around $5,000 for personal expenses, plus another $5,000 for mortgage payments on three houses.

Tax Neglect [9:00]

• The couple has not filed taxes for the past year because they lacked the money to pay.
• Grant admits to not filing an extension because he was "busy."
• Scarlett, as the one managing household finances, questions why Grant didn't set money aside for taxes.

Relationship Dynamics [11:01]

• Scarlett feels unheard and unincluded in their life and business, feeling "replaceable."
• Grant admits to telling Scarlett she's not a "good teammate," which she finds hurtful.
• Their communication about finances and relationship issues is strained, often devolving into arguments.

Escalating Conflict [15:20]

• Scarlett describes Grant's behavior as "bitching" when she brings up issues, and he calls her "nagging."
• Grant admits to punching a wall at least once every six months, which Scarlett finds unacceptable.
• A past incident involved Scarlett throwing coffee and Grant punching a wall, with Scarlett threatening to drive into a ditch the next time.

Emotional Support Deficit [22:40]

• Scarlett feels Grant lacks emotional support, citing an instance where he offered comfort to another woman via text while she was sick and pregnant.
• Grant justifies his actions by saying it's easier to be polite to strangers than his wife, a statement Scarlett finds "weird" and indicative of him being a "bad partner."
• He previously told Scarlett he felt "trapped" by her pregnancy, causing her significant distress.

Trust and Lies [27:45]

• Scarlett states Grant has lied to her a lot, by omission and by "forgetting" details, breaking her trust.
• She recounts an incident where Grant went to a bar and drank without telling her, coming home drunk while she was pregnant and had a difficult day with their child.
• Grant admits to being an "asshole" in that situation but claims it was a one-time occurrence.

Second Pregnancy and Neglect [35:00]

• During her second pregnancy, Scarlett felt a significant lack of emotional support from Grant.
• Grant told her, "There's no way you're as tired as I am," despite her being a stay-at-home mom caring for two children.
• Scarlett feels he prioritizes his own hardship over her needs, especially when she is pregnant.

Communication Breakdown Continues [41:00]

• Grant describes their conversations as multi-hour marathons, often ending without resolution.
• He states he has stopped crying in front of her because it doesn't lead to solutions, and he prefers to go to work to pay bills.
• Scarlett feels he immediately tries to "fix" problems instead of just listening to her feelings.

Divorce Lawyer Consultation [55:00]

• Scarlett reveals she has seen a divorce lawyer a couple of weeks prior, a fact Grant only learned during an argument.
• She states she does not want to file for divorce but had to face the reality of their marriage.
• Grant's reaction to her seeing a lawyer was "Do whatever you want," which Scarlett found dismissive.

Financial Overview [1:02:00]

• Their combined household financial score is estimated at 0.5 out of 10.
• They have significant debt across multiple credit cards, personal loans, and mortgages, totaling hundreds of thousands of dollars.
• Their net worth is negative $1.3 million.

Failed Real Estate Flips [1:05:00]

• Their first flip in San Angelo resulted in a loss of tens of thousands of dollars after a contractor screwed them over.
• The second flip in Fort Worth is on the market but receiving dismal feedback due to poor workmanship, with foreclosure looming.
• They bought a third house in August, which is still under renovation, but they are already in debt for it.

Debt Accumulation [1:15:00]

• They have accumulated significant debt on credit cards, including balance transfers and high-interest accounts.
• Several accounts are past due, with late fees and accruing interest.
• They owe money to Scarlett's father for a property flip, and Grant's mother for two properties.

Lifestyle Spending [1:23:00]

• Despite their financial struggles, they continue to spend money on non-essentials like energy drinks, coffee, fast food, and subscriptions.
• They have a past-due balance on a water softener and student loans.
• Grant purchased a new Volkswagen Admas for $45,000, despite their financial situation and his father's encouragement.

Unrealistic Plans [1:30:00]

• Grant is considering acquiring two more properties, despite his track record of failed ventures.
• He believes the numbers "work" on these new deals, but his previous plans have consistently failed.
• Scarlett expresses disbelief and frustration with Grant's continued pursuit of risky real estate deals.

Financial Audit Score [1:36:00]

• Spending in a budget: 0/10
• Debt: 0/10 (foreclosure imminent)
• Emergency fund: 0/10
• Retirement: 0/10
• Real estate: 1/10 (a mess)
• Overall Hammer Financial Score: 0.5/10

Conclusion and Future Prospects [1:39:00]

• The couple is deeply in debt and facing multiple foreclosures.
• Grant remains nonchalant about their financial ruin, while Scarlett is visibly distressed.
• The host suggests bankruptcy and defaulting on debts as a potential path forward, but doubts their ability to change their behavior.