The Dumbest Couple I’ve Ever Met | Financial Audit
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- Опубліковано 19 лип 2024
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Chapters:
00:00 Job and income
04:25 Absolute train wreck already
09:25 They have a peculiar house situation…(?)
13:18 Morgan & Morgan
19:15 The DUMBEST thing I’ve ever seen :rotating_light:
28:25 Their finances are a riddle
33:59 He won’t sell!!!
35:46 Best investing Program Online!
40:00 They hate facts
44:45 She said it! :+1::skin-tone-3:
48:25 I can’t believe I’m hearing this :flushed:
57:25 What is happening?
1:02:35 Show me the Amazon
1:08:05 They can’t think
1:14:00 He’s delusional…
1:15:03 Best High Yield :chart_with_upwards_trend:
1:19:56 Budget?
1:25:25 166 month payoff :v::skin-tone-3:
1:26:31 Hammer Financial Score
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Hey Hammer team- I purchased the course last week and still haven’t heard anything on the Moomoo credits. I reached out by email twice but haven’t heard anything back.
@@coreysmith_1101did you email my team support@calebhammer.com?
I’ll have them search for your name and make sure it didn’t go to spam or get flagged
I'm wondering if they're talking about a modular home?? I don't know much about them, but there is one that sits on bricks(foundation)
Hey Hammer Team- I’m trying to purchase the investing program and when it’s time to pay the page refresh and price goes back to $147 instead of $97
@@CalebHammerI did! Although I just got an email talking about the vouchers coming out this week so I may have jumped the gun.
It did say in order to get the voucher I have to also input $100 which I never heard throughout buying the course. Might be a good thing to put out because I totally thought $100 would just get dropped into the MooMoo account, but now I have to drop another $100 to even redeem that. Thanks for the response!
You know what this show needs? A heart rate display for Caleb.
Yes. An aura ring display on a monitor - check his blood pressure - actually I WORRY about it!
good one. with a cardiologist standing by...lol
I would pay for this
Wonderful idea
I’ve suggested that before- it would be a fantastic addition! 😅
Paying off a 0% interest card with a 21% interest loan is by far the dumbest thing I have ever heard of.
It was so incredibly dumb, like the math is not mathing at all. I want to be nice about it but I don’t understand why,
@@busam1578 i don't think you can be nice. It's fucking stupid to think that it makes any sense. Especially at their ages.
This really is the stupidest couple. Unbelievable how at this age they have no idea on basic premise of interest and credit.
It's no problem- they can just consolidate that debt with others on a 30% loan and then that 21% loan will go away!
I usually just listen when I'm working but I had to rewind and see Caleb's reaction to this, that was painful 😂😂😂😭
This guy is shady AF. I think he’s cheating on her and lying about the washing machine money and the cash apps. He keeps looking over at her trying to see her reaction to things.
Seemed more like he was looking over for reassurance. Its either scripted or he really doesn't understand.
It's worse, they're both idiots 😂🤣
@unisonosc1617 i dont think its scripted tbh
@@SiikPros that’s possible! He could just be really dumb.
And the dresses he apparently got for his mother for the wedding.
This guy is a DISASTER! He has 3 vehicles, a motorcycle, dirt bike, and ATV yet won’t sell any of it while he’s in debt as much as their annual income! And he keeps saying “why sell when I’ll buy another one?” OMG!!!
I bet $1000 he is cheating on her
@@aybawsremember this
That's the disaster?
Not the literal inability to operate a 0-10 rating?
I'm actually angry just listening to that display and I'm not even 15 mins in.
@@garethkalum8297 if we pointed out all of his failures I’d surely exceed the comment character limit a few times over. Plus, I have a day job. But fair point!
Well yeah, he's 20 - and no one's mentioning how she admitted to being a statutory rapist. There's no way she's entirely the victim here.
HER NAME IS NOT ON THE HOUSE?!?? And she keeps taking personal loans to save his ass? GIRL WHAT ARE YOU DOING?!
She will get what she deserves.
Texas is a community property state so it really doesnt matter if her name is on the deed.
@@royh2618 interesting! Still, not telling her is pretty much the same thing lol
1 to buy 2 to sell. She doesn't need to be on the loan.
You belong to the streets.
That honeymoon period coming to a full stop on Financial Audit today 😂
A screeching stop, even
😂😂
Smashing right into a wall full force.
Reality hits
i don't think reality is even hitting them tbh but i'm only half way in
Bro is shady. He’s definitely not disclosing everything.
yes .. maybe i am wrong but it felt wrong when he said the dress is his moms dress for the wedding. Like he was hiding smth.
@@MartinaT95 yeah it his girlfriends dress
he SIGNED on a PROPERTY without telling her and she STILL MARRIED HIM????? GIRL--
She’s not too quick on the uptake
@@emilyk6510Seeing as he can't even operate a 0-10 scale correctly, neither is he, lmaoo
A property her name isn’t on and she’s paying for it!
She's an enabler
“I don’t like renting because someone else is getting that money and we don’t own anything in the end.”
*uses a 30% APR credit card to build a house*
💀💀💀
The irony is strong in this one.
Right make it make sense 😂
And buying things with something with money they dont even own in the end, lol.
Yes, duh, it makes perfect sense. Once they sell the house for a loss, his words, and pay off the debt of 3x the APR of a normal mortgage they are going to come out ahead by $-7000 but at least they got to say the house was theirs.
Funny how ppl use this analogy to buy a house, but won't use the same concept when they go our to eat, or on vacation, or anything and everything spending money you. You are basically paying someone's mortgage.
The amount of times this couple said "it's paid off" when in reality the debts were just moved to a larger interest rate is extremely scary.
It was so frustrating to me how on one of the cards Caleb literally asked if the debt was moved with a consolidation loan and she said no, then later she admitted that it was
Exactly, I think they struggle to comprehend how crippling the high interest rate of a personal loan or credit card loan is. You end up treading water while your payments just rise or stay the same
He's not doing a weekend ride. He's seeing his girlfriend.
Only reason people aren't commenting on your lack of brains is because of community standards. You just made up a statement 🤡
Same thing 🤷♂️
the way he took that phone back when they caught the dresses lmfao his wife knew what she was doing
Especially when he said he rides from 9pm to 2am
This is wild.
$1,500 a month for 30 years on a $120,000 propery is $540,000!!!!
Caleb needs to tell these people WHAT THEY WILL ACTUALLY PAY vs what they bought it for.
People just don't get the maths or even think about how the maths works.
They just see 1.5k a month.
The (1.5k*12)*30 doesn't exist to them.
Did you hear him say it doesn't go toward the principal??? I'm surprised the finance guy didn't question him and clarify what the guy said😂
It does sound crazy but it depends if that’s the total payment with property taxes and insurance.
Insurance went up a lot for the south this year. We expecting quite a few major storms.
@@destinyl8813 He said he hadn't gotten insurance yet, lol, so he's in for a treat if that's the case
By the time that brick house is even worth that much they’ll be dead and stinkin🤦🏽♀️
These people make a combined annual income of $50K. They had no business having a wedding, buying a house and certainly NOT using credit cards.
Just waiting for the kiddos
you can have a wedding for way less than they did, it's just not like fairy-tale dream wedding that everyone thinks they need...
It was worth every penny and then some for them😂😂
They'll have everything taken care of for them from the hard working tax payers while they have kids and continue to make awful decisions and blame the everyone else for their stupid decision. Especially her husband who made a massive purchase on property without even talking to his wife. Their marriage is destined to fail
I wouldn’t say, “had no business”. Those things were the least of their problems. They decided to get together and not communicate about ANYTHING it seems. That’s what was crazy to me
Someone said we need to call this show "financial audacity" and I couldn't agree more.
Sounds more accurate honestly 😂😂
Hahahahhaha
This needs to be pinned omg I’m dead
I’m glad that Caleb talked about this because my boyfriend and I of 2 years talk about finances a lot, and it freaked our families out and they said things like “well you guys aren’t there yet”. And our response was “yeah, and neither of us want to be blindsided when we do get there” 💀 talking is healthy
Same, we always talked about our finances and budgeted together, and we're so much farther ahead for it. If you can talk about it before marriage, it's just second nature afterwards.
He keeps talking percentages with these two. It is very clear they don’t understand. He had to learn how to translate percentages to certain people. They literally don’t understand
Signing up for a $120,000 property without even consulting your SO is a way to ensure that your relationship ends in disaster
Buying a video game console without talking about it is a disaster (been there, done that and got the cheap Crash Bandicoot t-shirt). Buying property ends in ashes I imagine.
Fr
She's a woman, as long as she can cook she doesn't have anything to say about everything else.
That’s insane. They clearly didn’t need 3 acres
Wtf, I just hit the spot where they dropped the bomb of 12% interest on the property!!!
Their one and only saving grace is that they do not have kids.
Please don’t have kids.
Please don’t have kids.
Please don’t have kids.
My thought exactly. They’ll finance the baby with several credit cards.
The irony is some people have a fire under their ass when they get kids and get their stuff together. But some people don’t. I don’t have faith they would
...yet
Oh nah, she finna be pregnant with that couple's debt logic.
Not yet anyway, on the other hand though a kid might be what they need to realize the mistakes they have made.
I remember talking to a girl with a 5k loan at 20% interest while she had over 5k on her account. I said pay the loan off now, she said no she likes having 5k in her account. I explained to her how the loan costs 1k per year and she said I know but I like having 5k in my account........same type of person
Yikes
That's scary.
At her rate, actually paying that down and just having a credit card as your emergency fund don't even sound that crazy.
This is why they don’t teach about money in schools. They would rather have a society of mindless consumers and spenders because it’s good for the economy. Instead of a society of frugal smart shoppers
The weird part is that they DO teach finances in school. they just forgot basic math and believed the rumor mentality that debt is the way forward
Or at home
@tainarose1812 yup. I learned all my finance at school. Certainly didn't learn it from my immigrant parents.
These two can't even do basic math. They "consolidated" their 0 interest credit card debt and 7% interest motorcycle loan to a 22% interest loan because they "couldn't make any of the minimums" but the minimums didn't decrease they just got added up together in one place plus increased interest. They couldn't make the lower minimums before, but somehow think they can now that the total outgoing amount is higher? That's some delusional thinking.
"Between the dirt and the house, there's bricks."
Now it's all clear.
Because repeating the same thing over and over again will sure make it clear 👌
🤣🤣🤣
She should have said "between both of my ears, there's air"
Hope there’s not a stiff wind!
It’s a manufactured home sitting on blocks basically to keep it off the ground.
What they call a “framed house” is a prefab house. The bricks indicate it does not have a foundation, meaning it is personal property, not real estate.
Can we just call it a mobile home? Those things never appreciate in value
@@FlyingJ420A prefabricated house will appreciate like a stick-built house, IF you put it on a foundation.
@@cupcakeordeathno it won’t. Many banks won’t finance a 30 year old prefab/manufactured home.
You can get an affidavit of affixture on mobile homes/trailers/prefabs to make it real estate
@@FlyingJ420 Yeah, they do. 20/20 my mobile home has doubled in value
Remember ladies, who you marry has the power to either lift you up and improve your lifestyle or drag you down and ruin you after years of stress and debt and deceit. Choose wisely in dating ❤️
Remember this too men. Women love spending money too.
Amen to that!
@@antoniapadron1289 definitely. if yall dating to marry and u don't evaluate and talk about these stuff now, u deserve to be in that pain later. dating is for talking. my bf understood dating automatically means money going to be spent. even if i don't ask for anything or if i pay for some dates. it's still money to be social. imagine long term? ppl need to put feelings and logic into their relationship.
it’s crazy that he says he owns three vehicles, a motorcycle, a dirt bike, and a four wheeler when they are in that much debt.
The husband is not going to take any of Caleb's advice & she is going to keep enabling him. They're going to wind up bankrupt & divorced within 5 years.
1 year
and thats really sad, she looks like she's willing to do something about their situation... hes just absolute trash
How is she enabling him? She can't make him do anything
@@Somebodyelse141 she has many wants and does not think about what she is signing up for before she does it. She can easily blame him for making the decision, but she enables him by being ignorant. He is the problem but agrees with him way to much
@@cr1994yellow I understand that. I agree.
Him saying “we want to refinance the house to cut our monthly payment down” but also said “we want to cut the term down from 30 years to 15” and he thinks their monthly payment will go DOWN?!?? 💀💀
Catch 22 for this fool
Get the 30 year and pay extra when you can. Jesus
Complete, utter, ignorance.
His mental calculator is broken
This show is terrifying…. Like I cannot fathom being this ignorant…. I’m well aware what I’m doing lol is it good? Not atm but I at least know I’m making terrible decisions if and when I do 😂
I don’t believe the washer and dryer gifted money was given to his mum for the wedding. He was so nervous during that conversation and couldn’t sit still………if I was her I would be asking his mum if she was given that $2000 by her husband. Where did it actually go?
Either something for himself or a side piece.
He slipped up saying he bought the washer dryer. Then she caught him saying it was paid for by dad. So he had to add another lie and "our wedding" is a reason noone can get mad about. It's not even documented anywhere bc it was given to mom. So convenient.
We’re looking for our first house now, I really want a house. HOWEVER, I hate this response that “rent gets you nothing, it’s a waste of money.” You pay a months rent and GET a place to live, a roof over your head, appliances; you GET a life without maintenance, something breaks, just pick up the phone, you GET the flexibility to move within days or weeks if your rent goes up or your have to switch jobs. Don’t believe this LIE that renting is a waste. Renting AND owning BOTH have pros and cons and can be better or worse than specific situations.
Flexibility to move more than owning but keep in mind the usual 12-month leases
You know what they say, when you rent, your monthly rent is the maximum you'll ever have to spend on your home. When you own, your monthly mortgage is the minimum you'll have to spend on your home. When you own the property you're responsible for everything
“Think of how stupid the average person is, and realize half of them are stupider than that.”
― George Carlin
That's the median lol but I get the point.
@@jaysha5226I think that was secretly part of Carlin's joke
A joke for the below-median, and a joke for the above-average 😜
@@jaysha5226exactly, that joke always has pissed me off lol
@@romainhedouinno it’s just a shit “joke”
@@toohda Getting mad at a joke because one word is a bit inaccurate? You must be fun at parties.
That dude 100% took that washer dryer $$ and spent it on something for himself then bought the washer dryer on credit hoping she wouldnt notice. He super sketchy.
Exactly
Shady
They kind of deserve each other. They both sound dense as hell.
His level of discomfort in this conversation tells you a lot.
SUUUUPER sketchy! She’s a bit dense and terrible at math, but at least she wants to do better. Her husband is going to argue to the bitter end that keeping a broken motorcycle, side hustling water slides, and playing credit card roulette is “the path” forward. Money is always going to burn a hole in his pocket.
It gets me every time when Caleb tells the guests to sell "X" cause it will save them money cause they can't afford it, and they are like "Na I can't get rid of it cause I love it, I won't make sacrifices". Like bro, why are you even on the show then if you aren't going or willing to make sacrifices?
The dude legit thought they were doing well.
He barely brings in $2000 a month and doesn’t want to sell his bikes. 🏍️ what a child!!!!!!
But, he already has the title!🤦♂
I thought he brought in the 4500 alone 😮
Don't forget that $1600 slide! - see he's a big boi
As a truck driver myself I'm trying to figure out how he only makes 2k a month. He should be twice that at a minimum.
@@TruckerJDub same! I have family who are truckers and at a minimum he should be making somewhere in the 40’s per year.
She doesn't understand interest and he doesnt understand debt. A dangerous combination. I hope they learn something from this.
It seems like everything Caleb said went over their heads.
They dont understand basic math, essentially
@@shadowfox2120I just think they’re not super familiar and Caleb is speaking with an assumption of background knowledge. Going back to fundamentals and how they’re impacted (interest rates, minimum monthly payments, business loans etc) need to be broken down a bit more for them. They clearly have bad information to start with and need to start back from zero.
Am I silly for thinking the wife who is working on her masters should be able to keep up with Caleb, here???
He doesn’t care and she’s stubborn and won’t admit any changes are needed. He thinks a Home Depot card proves he’s a man and she thinks pouting and saying “it’s fine” is cute and will make people stop bothering her.”
Paying for a masters degree in a field that you don’t even know you want to go into is the definition of…..🤦♀️
First time watcher here. I'm 48 minutes in, and i have to commend you. This level of financial illiteracy is amazing, and i would have lost my isht on these two within the first 15 minutes
My jaw went from the floor to hell when she didn't even know her name wasn't on the house
Same, that's scary af. It was just glossed over too but he knows he's screwing her over and she's okay with it?!
It almost sounds like he has an exit plan...
Lord hopefully she didn’t sign an exploitative prenup or isn’t helping paying it dow
@@catcat2607 She HAS been helping to pay it down, and besides, in Texas, it doesn't matter that her name isn't on the deed. Community property laws will guarantee that she's on the hook for the debt same as him if they split up. She's doomed to go down with the ship he's speed-running to the bottom.
@@Shukochan Oh goody. It’s not bad in the way I thought, but bad in an entirely different way. Love that. 💀
An 8 out of ten from a guy who yhinks 0% APR means its free is incredible
To be fair thinking he is an 8/10 is in line with thinking 0% APR means it is free
“credit is for buying the things you can’t afford”
It's not actually what they meant. They meant they can pay the minimum until the end of the 0%. Then pay it off (though they missed a different one).
@@Sadreath this actually had me laughing out loud, you good person, are not bloody wrong XD
I lost it when he was like "8 ... I see a path forward" and Caleb said "I'm talking about where the fuck we're at now".
Bro refuses to sell him shit to get out of debt. What a clown 😂😂😂😂
But he ahead tho XD
Calm down. The man sees a way out. 😂
I feel sorry for these guys. They simply aren't intelligent enough to navigate this modern financial world and the system is eating them alive without remorse.
“THAT’S WHY WE WANTED THE CREDIT TO BUY THE THINGS WE CANNOT AFFORD”. That was a classic line
It's why credit exists. Why everyone chases that coveted credit score.
@@michaelweyenberg6238I hope you're joking.
That was wild!
@@christianhunt8788 The type of people banks love. The type of people on this show.
@@michaelweyenberg6238 OK gotcha. I just interpreted that as you agreeing with them. Makes more sense now.
This dude straight up does not care that he’s sinking his own family. He just wants to do what he wants to do fuck everything else.
I don’t think he doesn’t care per se. I genuinely think he (and she) just do not understand the math behind how they’re screwing themselves for the next decade.
He is not good at delaying gratification for sure
Yep. He'd rather drown that reach for Caleb's life preserver.
But his motorcycle though
Man thought he was better than the other guests because he doesn't do doordash when he goes to restaurants every second lmaoo
I'm so confused why she thinks you HAVE to go into debt to get ahead. Basically she's saying to have any kind of life i must buy stuff out of my means. There's so many factors at play here between poor education, culture, age, and lack of communication.
I died when Caleb ask where that $400 cash app money go and the dude said “Good question” 🤣😂😂💀
Side chick
Goes with the weekend rides 😂
That was HER checking account. The first account was his the 2nd account was hers. That's why he asked I don't know what was that used for and she just laughed
I’ve got my taquitos and my sweet treats, and I’ve put them on a 39% APR credit card - I’m ready!
Make sure it’s a Credit One card! 😝
Use the Fizz card, you aren’t a credit card person
LMFAO 🤣🤣🤣🤣
Gotta Affirm those little treats 😂
Dave run, I can see the Title coming
She probably walked out that day and said to him “I don’t think we did that bad”
Lmaooo this made me laugh out loud
And then he said “I see a path forward.”
I love how he keeps saying that they have to go into debt to buy something to own it. They do not own it. The bank owns it. Or in their case the credit card company owns it. Until we pay it off. They took out a loan for it.
" house on bricks" is a structure that lacks a proper foundation. Most mortgage lenders require that a structure have a " foundation". This could be a problem when the couple tries to sell their " house on bricks".
This couple is a textbook example how to slip out of the working class into poverty. He clearly has zero understanding of finance 101 and is not interested in educating himself or making a sacrifice or two for the benefit of the marriage. Gosh, Caleb just threw them a life preserver and the guy is saying "No thanks, we'd rather drown."
I'm telling you - debt in this current day and age is so weaponized and so easy to accrue this is a perfect example of how to fall into the death-by-a-thousand-cuts trap. I really hope they climb out of it but given he won't even sell his broken motorcycle I'm not holding my breath.
I have to disagree, he has the slightest sliver of finance 101 so that he can confidently make all the wrong choices. 0% apr is good, IF you can pay it off at the end of the 0%, mortgage vs rent CAN be a good choice if the finances are sound and its not on a stupid credit card. Peak dunning krueger.
Did she understand why paying a 0% card with a 21% loan is bad ? I feel like she needed more education in that moment .
There needs to be a white board aided financial education segment tailored to each guest
Anyone that needs education as to why that's the dumbest thing anyone has ever seen, is beyond help.
It feels like she signed up for the show, then panicked when she realized Caleb was going to go through their Credit Cards, so she got a 21% loan to be in "Good Debt."
Yeah I think Caleb should have used more visual charts/ calculators to show how terrifying 21% actually is
I definitely agree with everyone that this show should be called financial audacity at this point …
"i don't see the point in selling it just to buy it again later" YOU DONT HAVE MONEY YOU DONT GET TO HAVE THESE THINGS. Sweet jebus. This is infuriating.
This is… so depressing :/ their comprehension skills, problem solving skills, inability to answer a question straight forward- I just feel bad for them. The system is working just as it was designed to to take advantage of them for not knowing better.
The real sad part is she's in grad school. She made it through a bachelor's and now grad school being that ignorant. She wants to help people in crisis and she can't even help herself!
They can't even understand questions about basic numbers. They don't acknowledge the numbers are dollars. The 2 combined have an iq of a goldfish.
I agree they cant even answer the basic questions and comprehend what Caleb was telling them. Caleb care thats why he screaming!!! How can owing $150-$160k is normal
That's a whole different issue.
She's below average IQ and she's in grad school. That shouldn't be a thing. The educational system in the US convinces people they'll be smarter if they get degrees, so they take out loans to make themselves smarter 😂
They're taking advantage of themselves. You are solely responsible for your decisions and education
The sad thing with this couple is that the guy is going to convince her that Caleb is the one that doesn’t know what he is talking about. I hope I’m wrong though.
I imagined this too. They when they leave, he uses his stubbornness to convince her that Caleb is exaggerating for a show. It’s sad.
Yeah in his mind Caleb doesn’t have credibility. He’s probably the type that thinks “the guy at the bank works at a bank so of course he’s right when he tells me to put it on a credit card”
Not saying yall are right but I for sure feel like she didn’t want him to see the onboarding bc she knows who she married and they wouldn’t have made it on had he known what they were going to be called out on their bs
The worst investment here is the choice of partner. If she leaves and starts over soon she actually has a shot at a decent life. If you see this comment, girl I hope you know that being alone and secure is so much better than being in a relationship that'll leave you in poverty.
Omg that’s exactly what I was thinking! I dated a guy like that, so glad I wasn’t dumb enough to marry him or get pregnant 😅
When he said “Am I going to die?” had me in tears!
Ramsey hits this on the head with the saying “wealthy people look at the cost and poor people look at the monthly payment”. This couple is the prime example of people making more margin while increasing interest. Just dumb.
Normally your guests are 100% emotions with their decisions. These two literally are financially illiterate, some emotions around the toys, but most of their problems are ignorance and terrible finance decisions.
Agreed. The both have their ideas because of whatever advice they search for. If you search for what to want to happen you’ll eventually find it.
100% agreed. For them to say a credit card is for paying for things they can't afford is clear that they don't have any financial literacy.
Haven’t watched the full yet, but ignorance can be solved more easily than emotions with the proper guidance. Hope Caleb can guide them.
@@catcat2607Wow it’s almost like people who apply for free financial advice because it’s all they can afford aren’t very intelligent.
@@23kurtzy I wouldn’t jump to calling them unintelligent. They’ve clearly had extremely lacking, or outright bad financial education. There is a clear attempt at planning and financial goals, it’s just completely misguided.
I think basic finances are broken back down into the basics for them and shown different opportunities than credit cards they could understand and follow a plan. The wife has clearly realized they’re on a bad path and started watching Caleb’s videos. With the right attitude I think they’ll be fine.
The 28 year old says he’s 20… the first number he has to say and he gets it wrong. This is gonna be 🔥
Caught that too😂
can't blame him. i wish i was 20.😅
I was going to say…if he was actually 20, they were dating for 4 years before marriage so if that was the case, she was dating a minor as an adult
I think he was just mumbling.
That threw me off! 28 makes more sense lol
All of that boy's toys will go away when the bankruptcy court orders them sold.
Those items will be long gone by then.
As someone from the Rio Grande Valley this situation is common. Often times people believe that credit cards can be payed later so many believe that they’ll pay it off however interest continues to rise. Especially in certain regions of the Rio Grande Valley people are under severe credit card debt.
As a teacher, I’m really furious with Texas schools for not teaching percentages, compound interest.
Good
So many grown-ass adults in this world acting like literal children. “I don’t care that I can’t afford it. I won’t sacrifice my present for a better future. I want it NOW”
Thank the parents who didn't teach them about delayed gratification.
So many of the people Caleb has on the show CANNOT answer a direct question. Poor Caleb; it's like pulling teeth to get answers. I think it reflects the scattered way their brains work, which it why they are in a bad situation.
I'm sure all of these new immigrants flooding into our country will fix this! /s
Congrats, every industry in our most industrious, big fat GDP nation relies on dumbass consumers using credit. So who’s really wrong in all this? Our economy would be in shambles without the droves of mindless consumers that spend tons of shit they don’t need. It feels wrong when that’s no part of the convo, like the entire reason is missing. Easy to just say people bad, but our current system not only relies on but is built on that bad.
It's official this show is actually making me dumber 😅
This man is a credit card company's dream customer. Thinks credit card debt helps you get ahead in life, and views them as an appropriate emergency fund. This has to be the scariest situation yet, just because of the mindset.
The funniest thing is he took money for the washer and dryer, used that money for something else, and then got the washer and dryer in credit😂😂😂
He did get ahead tho, 2 steps ahead and 50 steps back, lol
I never want to hear the phrase “path forward” ever again, every time he said it I audibly groaned.
My best friend worked at a sketchy used car dealership and he always aimed for the Mexican customers, very financially illiterate. People wouldn’t care what interest rate they paid or how my years the loan was for, as long as they got a car a monthly payment they could afford they were fine.
Yup, unfortunately this couple is the stereotypical Latino couple. They live outside their means and are way too concerned with status symbols. Don't even get me started on the relationship dynamics displayed in this video lol.
Dudes a truck driver making $2400, his boss must love taking advantage of him. He should be making at least $7k. And nobody is gonna pay $44k for a Minecraft house
I know as a truck driver my brother in law makes close to 6 figures.
Minecraft house! Bahh haha!! 🤣
Did he say he'd a CDL driver? Or just a box truck driver?
@@nbla39I know someone who is a box truck driver (not CDL) that brings home $3,500 per month and they cover housing and the housing where they live would be like $1,200-$1,500 per month. But I’m sure that box truck drivers salary varies by location a lot.
@@nbla39he said 18 wheeler.
I would have NEVER married my husband if he got us into 120k of debt and moved me into a trailer
Edit: bless their hearts they are both that dumb
Absolutely fleeced at 12% apr owner financed. I'd bet good money that they got fleeced on the purchase price too.
They found each other
I think the word we all are looking for is Manufactured Home.
I still can't find an image of what their house is supposed to be. "Frame house" "on bricks"? Pretty sure they were sold a mobile home with brick skirting.
@@stanton7847 the person who sold him that land is laughing all the way to the fkn bank. He's probably like "this idiot didn't even go home to think about it and talk to his wife, he just signed the papers right there!" 😂
This is why High Schools need to have a Financial Planning course as a graduation requirement.
this is bad bad , they're not ignoring they genuinely can't understand what Caleb is trying to tell them
People shame Caleb for talking to ADULTS LIKE ADULTS but literally the market abuses dumb people who love to be coddled and Caleb brings REALITY to the table
There will always be dumb people. Best you can do is to make sure you aren't one of them. Even better if you take advantage of them, like getting credit card rewards off their interest payments.
@@Based_Comment Right lol, if everyone was more frugal the economy wouldn't be able to feed into and create these uber wealthy celebrities and ceos constantly. People like to complain about the rich when most of the time they are the ones paying for their private jets.
Caleb does an absolutely crap job of illustrating the issue to them. He bounces between questions way too fast
@@colinallcars5239His job is to go over the finances. He isn't a financial advisor or an educator, he's a youtuber. If you're 26/28 like these guys, it's your responsibility to be able to do basic math like calculating 30% APR
@roxyortiz8819i’m a young 20s person and i watch a ton of Caleb Hammer and as much as i love the drama content , i do learn a lot about budget and credit that i wouldn’t choose to learn on my own apart from real world circumstances where im just left confused . I agree he’s not talking about roth IRAs and shit but he’s taught me a goood bit as a younger person and he always links good sources to invest and learn more about investing and such .
I dont think I've ever seen a couple so completely financially illiterate.
Obviously financially illiterate but unfortunately (for them) I think they're just low IQ too
I can't be the only one that watches this show whenever I feel like I'm not being prudent enough with my financial decisions. This show also reminds me that I should not rely on social security as one of my future retirement revenue streams. Thankfully my plan doesn't rely on SS but it makes it even more painful to pay into it up to the max year after year.
This situation is literally an example of living way beyond your means. This relationship ain’t gonna last I hope she doesn’t give him a kid then she’ll be stuck with this dude. Bankruptcy is in their future I’m almost certain.
DIVORCE THIS CHILD IMMEDIATELY 😮😮😮he took out $120k without talking to her!!! Her name is not on the property but she is paying for it!!! She used her savings and took out a loan to pay his debt! He refuses to sell any of his overpriced toys. Refuses to get a second or better paying one. ABSOLUTE DISASTER. 😮😢😮😢😮
She's being used.
He bought it a year and half before they were married.
@@suen5006 She's still paying money towards it tho 😬
@@LaraOlina And she will get half of it in the divorce if it ever gets there because they are married. You know that's what adults do, they help each other out to overcome larger challenges. Now was it a good idea what he did? Absolutely not, but don't act like she is not working towards a common goal.
I wouldn't say divorce because that's taking a dump on what marriage is. But far out she needs a fire up her butt to set his butt on fire.
BUT HE SHOULD BE LEADING HER!!!!
Don’t have kids with this dude unless u wanna live in poverty
I'm surprised these dumbasses don't already have fuk trophies
Neither one of them seem to understand math, especially compound interest.
She could divorce and get a fat child support check. He'll get fucked, not her.
They are already in poverty
Loved it when they tried to make a trailer single wide sound like an actual house... It's still a trailer lol
lol all the assets are under his name and and all the debt is under her name… pretty questionable
He's earning $2400 for a truck driver? My brother in law is a truck driver in Midland and he gets like $8k a month. 😮
He probably a box truck driver
“So we can buy the things we can’t afford” BROOOO 💀💀💀
😂😂😂😂😂
If you can’t afford it ,don’t buy it 😭😭😭
That’s honestly not the worst line from this episode… the paying off a 0% card with a 21% personal loan is insane.
This is how my sister’s boyfriend thinks 😂
@@Sniperboy5551 I don’t understand how someone can think it’s a good idea
Her whole mood shifted after they looked at the Amazon purchases. When he pulled his phone away all fast and said the dress was for his mom. And then the unknown cash app being sent out…either he really does pay too much for his mom and she doesn’t like that, or he’s being sketchy on the side and her thoughts are running wild for the remainder of the show. Either way, things are being brought to light that I don’t think she was expecting
No wonder he didn’t want to come on the show.
Totally agree, his body language was all over the place and he YANKED that phone away before she could see the dress.
yea im married and that was shady AF also she doesnt have access to that account? me and wife share everything.
@@deathblade909Same. No secrets
That is shady. If it was for his mom. He would not have Yanked his phone.
- either it's for him, and he is secrectly a cross dresser.
- or its for his side piece.
They are way too immature to make financial decisions. He goes out and spends money like it’s going to expire and she is getting personal loans to pay off credit cards. What a disaster.
I’m from the RGV, and this is not rare. The “you got to be in debt to own it” mentality is the norm. You can “afford” something if you can make your minimum monthly payments.
It kills me that people think having a balance in their savings account while having massive debt means they’re doing okay.
Yeah I’ve done that
🎯🎯🎯And missing payments
Now they have 0 in savings and huge debt and he still thinks he's an 8 out of 10
I have never had a credit card I have always been of the mindset if there is something I want I should save up for it. When I was a kid after the age of 12 if I wanted anything I was told the save up for it I got a tiny allowance of 3 bucks a week and mowed lawns and did other yard work type things for money.
@@bishbosh7728that mindset is fine to an extent. Don’t be like all the 30 year olds in this world that have 0 credit history because you thought it was bad to use. Credit is power in America and you will need it in the future unless you plan on buying real estate/ housing in cash. Build your credit as soon as possible and develop good habits
He huffed, and he puffed, and he blew the framed house on bricks down
😂😂😂😂
Bruh 😭
It's a modular house ffs.
Haha spat me tea out on that one cheers from Dublin Ireland 🇮🇪
CALEB ILYSM i was feeling so overwhelmed and exhausted and watching your videos make me feel so much better!!!! love you!!!! thank you for what you do :)
That 'lapses in memory' and reluctance to answer questions like what happened to the money from selling the business equipment is ringing alarms in my head that something isn't right
His obsession with "the monthly payment" is borderline psychosis.
He's the kind of guy who gets an 84 month car loan because "it lowers the payments".
He buys supplemental life insurance because it's "only pennies a day".
Bro has not had a thought since kindergarten.
TBF, when you make $25k a year, monthly payment dominates all else. Dude just shouldn't be entering into debt obligations, full stop.
Uhh, what's wrong with supplemental life insurance?
I don’t think anything is wrong with supplemental. I have life insurance through work, supplemental on top of it and a separate term life policy with no issue.
They are paying for a storage unit, yet they have 3 acres.. so why not just get a yard shack and pay nothing??
I think they don't think
But then they won't get the manager discount every month, looooool
Or even better, get a shed big enough that they can rent out some space to a friend
@@rjkbuny😂😂😂
They'd probably put it on a credit card instead of saving up for it.
Her expressions and overall energy changed after the 1 hour mark. I think she realized how bad of a situation they are in and how stubborn her husband is.
2100 a month as a truck driver is insanely low
You know you're in for a good episode when there are chapters called "their finances are a riddle" and "they hate facts"
plus the bonus chapter in every episode called "what is happening?" lol
Personally I really like “they can’t think”
He hid that Amazon account SO FAST when those dresses came up, and she looked pissed. I don't believe those dresses were for her Mom. He's got something going on the side
Ooh I missed that
I noticed that too!!!
That's where he goes on the 🏍️
I noticed this too! She was confused about the dresses too.
For sure. Her demeanor changed completely for the rest of the episode. Girl needs to RUN… he thinks hes a financial guru but is ruining their lives.
I didn't even think it was possible to have 12% on a mortgage. That is unheard of.
I've just found this channel and it's awesome. I wish I knew someone like this years ago. What gets me, though, is that these people come to Caleb for help and getting information out of them is like pulling teeth.
if you cannot afford to have a wedding…DO NOT HAVE A WEDDING.
There are so many ways they could've spent less and still had a nice time. Get a free venue. Get your cake from the grocery store. Rent or buy used Tux / Wedding Dress. E invites only so you're not spending for paper invites, envelopes, and stamps.etc. But instead they way overspent. Unreal.
I'm confused how the mom was "paying for the wedding" but then asked them for money for their WEDDING lol. Honestly, they get this ignorance from their parents as well. He's paying his parents bills even though he's poort.. and her mom is asking for money for a wedding (they shouldn't of had) that she PROMISED TO PAY FOR lol. They shouldn't married because they don't even know what each other is doing.. he's sketchy.... but that's a topic for another show...
@@shabrimac1993I think the full story isn't being told about the wedding. What bride doesn't have a say in what happens during her wedding? She probably wanted things her mom didn't want to pay for which led to he paying in or something else happened
You can always have an inexpensive wedding. So many ways to do it!
Or, better idea, don't get married!
This actually ranks near the top of the worst situation I've ever seen in terms of delusion and sheer stupidity. We have had crazier episodes and worse debt, but the mental gymnastics here go hard.
I could not believe everything that came out of their mouth......fools made for each other....
I hope after the episode he explained to them how credit and interest works. Cause they clearly don't know and didn't learn during the show.
The complete look of shock n confusion on their faces with every question never gets old.
I was skeptical of why Caleb always said Dave Ramsey doesn’t recommend consolidation - this girl just proved his point 😬 thinking she “paid them off” when she very much has not
Debt consolidation saved me. I went from paying 29 percent and barely making a dent in my debt to 3 percent and Ill have it paid off in a couple months
@@cortneym6901using debt consolidation to get a lower APR while not taking on more debt is one thing and it's fine if you follow the "while not taking on more debt" part. What OP and Dave Ramsey are talking about is when people do debt consolidation, think "Oh, I paid off all these credit cards so I can start using them again and build up a new balance," and end up having maxed out/high balance credit cards again ON TOP of the previous debt consolidation loan.
Consolidation is death for MOST people. It can be helpful for some but people without the right mindset or willingness to do better will ALWAYS fail.
@@FRESCO_KUN I think the mindset is the key thing here in any situation. You have to want out and stay dedicated for sure
It's because debt consolidation only works if you have the right mindset but a lot of people just rack up the debt all again
It amazes me how many couples have never had financial conversations before getting married and then wonder why they are so disjointed while married
It's the number 1 thing I want to talk about on the first dang date 😂 I wait a bit though. Not going to even get engaged with someone who isn't financially on the same page.
I started a new relationship and we talked about debt the first night and what we wanted out of life haha, it was incredibly sexy 😂 neither of us have debt except his mortgage and we have decided to start a life together
What would they talk about? They're both idiots
Plenty of folks have demands or expectations financially, but they never discuss habits, priorities, etc. They may expect a partner make X amount, but pay no attention to how it's used.
My husband and I have been together less time than they dated (together a little under 4 years, married almost 2, finances combined about 2 months before we got married), and we’re both blown away by their lack of communication. He buys a property without her knowledge, she pays off his debt without his knowledge. We don’t make any money decisions without consulting each other. We had been dating for about 3 months when I went to buy a house, and I asked him to come look at it with me because I knew I wanted a future with him, and I wanted his input. How have they been together 4.5 years, and they’re still making these huge financial decisions separately?!